A Trillion Dollars Down The Drain

The stunning or stupid remarks by Dr. Christina Romer White House Economic Adviser when she said that the best of the stimulus bill has already been felt. Romer told a Congressional panel Thursday that by the middle of next year the $194 billion in stimulus funds spent in second and third quarters of this year will no longer be contributing to economic growth. Congressman Eric Cantor asked a simple question whether the stimulus plan has had the desired effect. Romer indicated that nearly $200 billion has been expended, another $150 billion allocated or already obligated. Cantor said, "But, really do the American people see the jobs? What is it that stimulus money really done? This is the final nail in President Obama coffin when it comes to the 787 billion stimulus bill. The stimulus bill was a payback to all the Unions and community organizations that supported President Obama during his campaign in 2008. The President and Christina Romer promised the American people that the unemployment rate would not go over 8.0%, but it has exceeded there projections and it stands now at 9.8% and is quickly moving towards 10%. This could be the worse use of federal dollars in the history of our great republic if this so-called stimulus plan does not meet the President expectation of creating 3-5 million new jobs. Therefore, if there are no jobs created by the spring or summer of next year there should be a full investigation on how the stimulus dollars were spent. This investigation will never happen because Rep. Pelosi and Sen. Reid will protect the "Messiah" and his failed economic policies. This is the Chicago-Style politics at it's best. The President learned his lesson well while in Chicago, make sure you payoff all your friends and they will always stay on the ship even if the ship is sinking. I will pray for our children's sake that our great country is still solvent after President Obama leaves the White House.

World Throws American Dollar Under The Bus

Barack Obama is trying to sell Obamacare and Global Warming and Stimulus Plan the world economy is ready to throw the American dollar under the bus. The most recent evidence of the harm being caused by the "Messiah" is the move to internationally abandon as a international exchange currency for oil transactions, as reported by the International Newspapers Great Britain. In the most profound change in Middle East History Gulf Arabs are planning- along with China, Russia, Japan and France to end the dollar dealings for oil, moving to a basket full of currencies including the Japanese Yen and Chinese Yuan, the Euro, gold and new, unified currency planned for nations in the gulf Co-operation council including Saudi Arabia, Kuwait and Qatar. Chinese financial sources believe that President Obama is too busy fixing the American economy to concentrate on the extraordinary implications of the transition from the dollar in nine year's time. The current deadline for the currency transition is 2018. I would like to think that someone in the Obama Administration would be concerned but honest reflections leads to the only conclusion that the lowering of U.S. international power would be music to Obama ears. Obama never misses a opportunity to lecture the world about the evils of domination by any one country, by which he means America. There is a reason why all the "THUGS" around the world love President Obama so much because he, is transforming America in a second rate power.

California Fiscal Crisis And IOUs

The State Of California will be issuing IOUs in a week if lawmakers in California cannot solve the 24 Billion dollar budget deficit and the state Treasurer is planning to tap the states reserve fund to meet the state debt crisis. The crisis reached a boiling point when lawmakers could not reach a deal on 11 billion dollars worth of budget cuts. Therefore, next Wednesday the State Of California will start the year with a unbalanced spending plan and a cash shortfall. The state Controller of California John Chaing said that he, would be forced to use IOUs to pay the states bills beginning July 2. The states 2.8 Billion Dollar shortfall grows to 6.5 Billion dollars in September and after that you will see double digit shortfalls. Chaing said the inability for the state, to balance there checkbook will now mean short changing taxpayers, local governments and small businesses. State Treasure Bill Lockyer meanwhile, is ready to draw on reserves for economic recovery sales tax bonds for the State Of California. The government dipped into the same reserve fund to make a principal payment on the economic recovery bonds, but was able to top the reserves back up within days. The 11 Billion dollar cuts failed down party lines in both houses in California, Republicans saying it shortfall of the savings needed and amounted to posturing by Democrats. Standard and Poor's said it will review the state economic recovery bond, or ERB rating after further projections as to the size and timing of potential draws on the ERB's reserves. The bonds were approved by state voters in 2004, to help the state through another financial crisis and are secured by sales taxes and general obligation pledge by the state. If California draws on debt reserve funds are rare and likely to send make waves in the financial markets. Finally, this budget crisis reflects the strain on cash flow and may signal a situation that leads to a temporary disruption of normal debt services payment. Therefore, how long before we see a Obama Bailout Plan for the State of California. I would love to hear your comment.

OBAMA "ECONOMIC FANTASY"

The President and his minions in the White House are trying to tell Americans to look at the big picture. The President is also asking the American people to be patient when it comes to the economy.The President said tonight that there are signs that the economy is turning around because of the new existing home sales went up 5.1% last month. The President said the his strategy is to create jobs, to help responsible homeowners and to start lending and start growing the economy over the long term. The biggest problem the President has is his 2010 Federal budget which is 3.6 trillion dollars. The Congressional Budget Office has said that this budget will increase our federal deficit to 10-15 trillion dollars. The President is optimistic about the future and that the economy will make a strong rebound, but the numbers just don't add up to the President cutting the deficit in half to 533 billion dollars by 2013. President Obama believes that his federal budget is a prescription for the economy but there is a revolt in the Democratic Party by the Blue Dog Democrats. The Blue Dog Democrats and Republicans feel that the President Budget is out of touch with reality which was expressed by the CBO who said we could see deficits that our children could never payback. The best comment was made by Sen. Judd Gregg of New Hampshire who said that President Obama budget was similar to a "Banana Republic Country". Therefore, how long will it take before the American people find out that this Clown does not know what the hell he is doing when it comes to the economy. The President feels that if we have a recovery and the expired Bush Tax cuts will bring in more revenue the federal government. It is estimated in 2011 that the expired Bush tax cuts will bring in 350 billion dollars in 2011 and in 2012 the taxes will bring in a estimated 430 billion dollars. This economic fantasy that President Obama has presented to the American people is like betting your whole check on the lottery and hoping that you will win 10 million dollars. This budget could send America into bankruptcy and President Obama and his minions knows consequences to his wild outrageous spending. This President is hell bent on socializing America and could careless about the capitalist system that help build this great nation. THIS IS THE CHANGE WE ALL CAN BELIEVE IN.

OBAMA "THE CRISIS ADMINISTRATION"

The Obama administration is constantly telling the American public that you never let a good crisis go to waste. This is a great opportunity to do things like you never did before. This is a great opportunity. What used to be long term problems be they health care, energy area, education area, fiscal area, tax regulatory area things that we have postponed for to long that were long-term are now immediate an can be dealt with. And this crisis provides the opportunity for us. as I would say. The opportunity to do things that we could not do before. By the "Clown" White House Chief Of Staff Rham Emmanuel. This is the opportunity the Left-wing liberals have been waiting for the last 40 years to expand the social welfare state to every part of American life. This Administration could careless about fixing the economic conditions in America because the most important thing is to pass liberal socialist legislative agenda. They are using this financial crisis to change everything for Climate Change to Health care by telling the American people if we don't fix these problems that the country will go into a deeper recession. The President is constantly talking about the financial crisis and he, is spreading fear throughout the nation so, he can pass these crazy ass spending bills that are not helping the average American. The President should be spending his time solving the banking and mortgage crisis instead of trying to fix loans for a car industry which is full of incompetence. The leaders on Wall Street have no faith in the Obama Administration because they see a leader who is not trying to repair the serious problems in the financial sector. Wall Street sees a President who is more worried about his personal pet socialist and his legacy for the next 50 years instead of creating a atmoshpere so, employers can create jobs . THIS IS CHANGE WE ALL CAN BELIEVE IN.

OBAMA " THE FINANCIAL THEFT ACT OF 2009"

I cannot believe that so many Republicans are supporting this stimulus package by President-Elect Obama. This stimulus package is worth a Trillion Dollars and it will rob our children of a solid economic future. This stimulus package will be full of pork and wasted projects that will not solve our economic crisis. There will be thousands of government jobs that will drain the coffers of the federal government for the next 50 years. President-Elect Obama is talking about creating green jobs that will help save our environment. "I Want To Know What The Hell Is A Green job". I tell you what a green job is a make work government job that does not make any damn common sense. I am tired of these Washington politicians trying to solve the Wall Street financial crisis with taxpayers dollars. The politicians in Washington need to come out in a united front and tell the American people that we need to ride out this financial crisis and support businesses that are successful in America and give them financial aide so they can create more jobs in America. This country is now rewarding failing businesses with bailouts and financial aide packages instead of letting some of these businesses go bankrupt and pay the price for there lack of business savvy. Finally, this is the beginning of a long four years when it comes to fiscal responsibility, because I expect President-Elect Obama to go on a spending spree and pay off all his Liberal Socialist friends who helped him become President Of the United States.

DEPRESSION 2009 "THE DOLLAR""

There are many Americans excited that there will be a new President sworn in on January 20,2009. The biggest problem that the Average America has to face other than large unemployment lines is the falling dollar. The are plenty of analyst in the business community saying that the dollar will make a comeback this year with a upswing in the economy. The same people that told you that the 700 billion dollar bailout would solve America financial problems. I want to know how can the dollar make a comeback when the federal reserve keep cutting the interest rates every month. Therefore, when you see this happen the value of the dollar will continue dropping on the open market. The best person to listen in the business media is Peter Schiff were he, is openly saying that you should not invest your hard earned money in the American dollar but exchange your money for European currencies. The United States Government is going the way of 1920's Germany because, the only thing we are doing is printing money because, there are countries the around who will in the near future who will not finance out nations debt. There are countries around the world like France saying that after this financial crisis that we need a one world currency. This is the destruction of America right in front of your eyes when you see the dollar crash in the markets. The biggest sign that will tell you that the dollar is worthless is when oil rich countries will refuse to take dollars as payment for oil. Furthermore, they will start asking to be paid in Euros and that will be the death nail to the American dollar. The Obama stimulus plan will dig into a deeper recession because, he believes that the government will solve the nations financial crisis and that is the same mistake President Carter made when he was elected President. The future Obama Administration feels that the government can solve the all the nation financial problems government program but, we should let the financial markets correct itself and flush out all the bad corporations and Wall Street firms. Finally, if you want the dollar to make a comeback encourage Americans to save there money and pay off all there financial debts. The American government should set up a 15 year plan to payoff all our countries financial debts to forgein countries like China who we owe three trillion dollars.