Devaluing Our Currency: why you are paying $4.00 for a gallon of gas and $5.00 for a lb. of hamburger!

In trying to explain what the Federal Reserve and Ben Bernanke have been doing to our money I realized that 75% of the citizens of this Republic are uninformed to what Quantitative Easing is, well lets first look at the origins of the words they use to describe their actions. Quantitative: meaning the measuring of an amount, in this case the amount is money. Easing:Â to move, shift, or be moved or be shifted with great care or in this case to move money into the market with a specific goal.

The goal of this easing or shifting of a measured amount of dollars into the currency pool is to expand economic growth or in the case of our latest "financial crisis" to purchase the toxic Mortgage Backed Securities. The reasons for the toxic assets is a discussion for a later date but in 2008 when the market imploded because of the over-estimated values of these pieces of paper the banks that held them and the investors who owned them realized they were worthless because their collective value was based on the promise of the payer paying his debt. So the Federal Reserve in conjunction with the Treasury Dept. came up with a plan to rescue the economy by purchasing all of these worthless pieces of paper but there was one very significant problem with their plan they had to print the money to buy the assets.

Quantitative Easing:

Now why is this a problem?

Quantitative Easing involves the creation of a significant amount of new base money by a central bank for the buying of assets that it usually does not buy. Usually, a central bank will conduct open market operations by buying short-term government bonds or foreign currency. However, during a financial crisis, the central bank may buy other types of financial assets as well. The central bank may buy long-term government bonds, company bonds, asset backed securities, stocks, or even extend commercial loans. The intent is to stimulate the economy by increasing liquidity and promoting bank lending, even when interest rates cannot be pushed any lower.

Quantitative easing increases reserves in the banking system (i.e. deposits of commercial banks at the central bank), giving depository institutions the ability to make new loans. Quantitative easing is usually used when lowering the discount rate is no longer effective because interest rates are already close to or at zero. In such a case, normal monetary policy cannot further lower interest rates, and the economy is in a liquidity trap.

Asset based Currency:

For many years before most of us were born our dollars had a value, they were guaranteed to be worth something because they were backed (pegged) by a "hard asset" first silver and then gold. The US adopted a silver standard based on the Spanish milled dollar in 1785. This was codified in the 1792 Mint and Coinage Act, and by the Federal Government's use of the "Bank of the United States" to hold its reserves, as well as establishing a fixed ratio of gold to the US dollar. This was, in effect, a derivative silver standard, since the bank was not required to keep silver to back all of its currency.This began a long series of attempts for America to create a bi-metallic standard for the US Dollar, which would continue until the 1920s. Gold and silver coins were legal tender, including the Spanish real, a silver coin struck in the Western Hemisphere. Because of the huge debt taken on by the US Federal Government to finance the Revolutionary War, silver coins struck by the government left circulation, and in 1806 President Jefferson suspended the minting of silver coins.The US Treasury was put on a strict hard-money standard, doing business only in gold or silver coin as part of the Independent Treasury Act of 1848, which legally separated the accounts of the Federal Government from the banking system. However the fixed rate of gold to silver overvalued silver in relation to the demand for gold to trade or borrow from England. The drain of gold in favor of silver led to the search for gold, including the California Gold Rush of 1849. Following Gresham's law, silver poured into the US, which traded with other silver nations, and gold moved out. In 1853, the US reduced the silver weight of coins, to keep them in circulation, and in 1857 removed legal tender status from foreign coinage.In 1857 the final crisis of the free banking era of international finance began, as American banks suspended payment in silver, rippling through the very young international financial system of central banks. In 1861 the US government suspended payment in gold and silver, effectively ending the attempts to form a silver standard basis for the dollar.Towards the end of the 19th century, some of the remaining silver standard countries began to peg their silver coin units to the gold standards of the United Kingdom or the USA. For 86 years after this we used silver certificates as the backing asset for our legal tender. Silver Certificates are a type of representative money printed from 1878 to 1964 in the United States as part of its circulation of paper currency. They were produced in response to silver agitation by citizens who were angered by the Fourth Coinage Act, which had effectively placed the United States on a gold standard. The certificates were initially redeemable in the same face value of silver dollar coins, and later in raw silver bullion. Since 1968 they have been redeemable only in Federal Reserve Notes and are thus obsolete, but are still valid legal tender.

The whole time during this period and up until August 15, 1971 we used the "gold standard" to set the value of the dollar to other world currencies.

The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold. There are distinct kinds of gold standard. First, the gold specie standard is a system in which the monetary unit is associated with circulating gold coins, or with the unit of value defined in terms of one particular circulating gold coin in conjunction with subsidiary coinage made from a lesser valuable metal.

Gold certificates were used as paper currency in the United States from 1882 to 1933. These certificates were freely convertible into gold coins.

No country currently uses the gold standard as the basis of their monetary system, although several hold substantial gold reserves.

What makes this significant is all countries that used the gold standard were limited to the amount of money they could print to the amount of gold they owned. It limited what the Federal Reserve Bank could do in controlling the national economy and had been falsely blamed for several economic downturns and the "Great Depression", "in my opinion and research falsely".

So in 1971 we started basing the value of our money on the Gross Domestic Product of our country.

Gross domestic product:

(GDP) refers to the market value of all officially recognized final goods and services produced within a country in a given period. It determines the circulation of dollars and helps project the government revenue (taxes) that will be available each year to run the country. But it also lets the federal reserve monitor how money is being used to buy those goods and services and allows them to step in when the reserve liquidity tightens. Without getting too technical reserves are just that like the extra players on sports teams or the extra products you store at home when they run low or run out they need to be refilled, if a player gets hurt while playing another player needs to replace them. Same with the dollars if a bank or lending institution runs low on money part of the federal reserves job is to replace it by sending them dollars. So in 2008 when all of the banks started asking the Federal Reserve for extra dollars to pay for the bad debts they bought, the only way they could do this was to print it.

And there lies part of the reason you are now paying between 30%-100%Â more for everything in the past 3 years, the dollars being used to buy these assets are not related to the value of the goods and services they represent. The GDP has been stagnant with no real significant growth since 2008 with an annual average of 13 Trillion dollars.

But the amount of money printed and circulated, saved and invested worldwide has grown and it is known as the "monetary supply" of the United States.

The Monetary Supply:

In 2008 the monetary supply which is all the money in our system in every bank, pocket, business etc. where ever there is a dollar it is part of the monetary supply was 8.448 trillion dollars or 64.9% of the GDP. That number includes the original TARP monies of 848 billion injected in the market that year.

The current monetary supply as of March 13, 2012 is 9.578 trillion or 73.6% of GDP. And what is worse is their latest round of cash infusion has not only deflated the value of yours and my dollars but raised the costs of everything we buy by not allowing the exchanges to reset themselves to reflect the actual economic climate. Since the start of Quantitative Easing by the Federal Reserve, everything has almost doubled in cost because of the doubling effect of both market and monetary policy manipulation.

So the Federal Reserve has been printing more dollars but the engine to make those dollars worth more is stalled so in car speak the Fed has flooded the engine. They have not only placed more dollars into the economy making the dollars that were already there worth less but by purchasing stocks, bonds and other hard assets and commodities they have raised the cost of everything related to their purchases. Yes you know about QE1 which bought 1.25 trillion dollars of debt, QE2 which purchased 900 billion dollars of long term Treasury notes. But since the end of QE2, QE3 where the Fed has been quietly injecting more money into the stock market to "prop it up" there latest balance sheet from March, 15, 2012 shows the new assets on their books.

And in the 3 plus years of this fiscal policy the effects are hurting everyone.

Gold in 12/2008 = $850.00 per once / 03/20/2012 $1640.00 per ounce

Oil in 12/2008 = $38.00 per barrel / 03/20/2012 %107.00 per barrel

Gas in 12/2008 = $1.05 per gallon futures exchange and $1.72 at the pump nationally / 03/20/2012 $ 3.09 per gallon on the futures exchange $3.89 a gallon at the pump.

Milk in 12/2008 = $2.79 per gallon / 03/20/2012 $3.89 per gallon.

Beef in 12/2008 = $ 2.89 per lb. 80/20 ground chuck / 03/20/2012 $4.59 per lb.

Not all of the current financial hardship's we face are due to Quantitative Easing but it has not been by any means the panacea it was touted to be for the economy and the other shoe is yet to drop. The Federal Reserve currently holds over 2.7 trillion dollars in debt obligations from lenders and banks. That is more than the GDP of 90% of the countries on this planet. When you falsely base the value of anything and then try to sell it, it will only be worth what the buyer is willing to pay for it. Now just as I am writing this the Fed just released their 2011 earnings stating they made 77 billion dollars but the data is not yet up on their website. We will wait to analyze the statements.

But their fiscal policy has us on the road that has been well traveled.

This has happened before:

After the end of WW1 the German Republic owed reparations to half of Europe for damages and penalties for their invasions of France, Poland and most of the Western European continent. You see Germany had gone off the gold standard in 1914, and could not effectively return to it as Germany had lost much of its remaining gold reserves in reparations. The German central bank issued un-backed marks virtually without limit to buy foreign currency for further reparations and to support workers during the Occupation of the Ruhr finally leading to hyperinflation in the 1920s.

The growing postwar economic crisis was a result of lost pre-war industrial exports, the loss of supplies in raw materials and foodstuffs from Alsace-Lorraine, Polish districts and the colonies, along with worsening debt balances, but above all, the result of an exorbitant issue of promissory notes raising money to pay for the war. Military-industrial activity had almost ceased, although controlled demobilization kept unemployment at around one million. The fact that the Allies continued to blockade Germany until after the Treaty of Versailles did not help matters, either. The allies permitted only low import levels of goods that most Germans could not afford. In its 14 years, the Weimar Republic was faced with numerous problems, including hyperinflation, political extremists on the left and the right and their paramilitaries, and hostility from the victors of World War I, who tried twice to restructure Germany's reparations payments through the Dawes Plan and the Young Plan. However, it overcame many of the requirements of the Treaty of Versailles(Germany eventually repaid a reduced amount of the reparations required of the treaty with the last payment being made on 3 October 2010).

The 1920s German inflation started when Germany had no goods to trade. The government printed money to deal with the crisis; this meant payments within Germany were made with worthless paper money, and helped formerly great industrialists to pay back their own loans. This also led to pay raises for workers and for businessmen who wanted to profit from it. Circulation of money rocketed, and soon banknotes were being overprinted to a thousand times their nominal value and every town produced its own promissory notes.

The value of the Papiermark had declined from 4.2 per U.S. dollar at the outbreak of World War I to 1 million per dollar by August 1923. This led to further criticism of the Republic. On 15 November 1923, a new currency, the Rentenmark, was introduced at the rate of 1 trillion (1,000,000,000,000) Papiermark for one Rentenmark, an action known as a monetary reset.

In Summary:

We have not yet had to go through that here in this country but it is not far off, under the current economic polices we have been down-graded for the first time in our history and we are facing the possibility that the dollar will stop being used as the "world currency" for trading on the exchanges. One of the benefits of being one of the last countries to come off the gold standard was that the U.S. dollar by default became the preferred currency when commodities such as gold, oil, silver, corn, wheat etc. are traded or sold their value is set in U.S. dollars. If you think it is bad now, what if the world stopped taking our money or stopped lending to us or devaluing our dollar to the levels that we devalued Germany's less than 100 years ago?

The methodology of Quantitative Easing or printing more money when you need it does not fix more than it delays the inevitable and increases the net effect when you add in the additional inflationary factors that it creates by the lessening of the current value of the purchasing power of our dollars. The inflationary costs by making the dollars in your pocket worth less because there are more of them with nothing to make them worth more and the fact that those extra dollars are not purchasing anything but time to delay what should have occurred already and allowed to reform based on real economic metrics.Â

"Those that fail to learn from history are doomed to repeat it" Lord Campbell

We have to take responsibility for our elected officials fiscal malfeasance and dangerous policymaking if we are to recover from what has already been implemented. We must retract the dollar pool, require a full accounting of the Federal Reserve and then make them answerable to Congress. We must demand that laws and policies that have made for a devalued dollar be immediately rescinded and evaluation of a return to a base standard of currency backing be considered. We must demand a balanced budget both in our own homes and in Washington. We must allow market mechanics to dictate the survival of companies, not the political maneuverings of one party to use Federal dollars to purchase union votes. Â

There is only one thing that is too big to fail and it is this last bastion of freedom on Earth and her name is The United States of America!

But She is disappearing fast!

Dr. Keith C. Westbrook Ph.D.

What’s disturbing about this picture?

Posted on Prison Planet-By The Economic Collapse-On February 16, 2012:

“You might not want to read this article if you have a weak stomach.  Most Americans have absolutely no idea what is going on in the dark corners of America, and when people find out the truth it can come as quite a shock.  Many of you will not believe some of the things Americans are doing just to survive.  Some families are living in sewers and drain tunnels, some families are living in tents, some families are living in their cars, some families will make ketchup soup for dinner tonight and some families are even eating rats.  Some homeless shelters in America are so overloaded that they are actually sending people out to live in the woods.  As you read this, there are close to 50 million Americans that are living below the poverty line, and that number rises a little bit more every single day.  America was once known as the greatest nation on earth, but now there is decay and economic despair almost everywhere you look.  Yes, money certainly cannot buy happiness, but the lack of it sure can bring a lot of pain.  As the economy continues to decline, the suffering that we see all around us is going to get a lot worse, and that is a very frightening thing to think about.

The following is a half hour documentary produced by the BBC entitled “Poor America”.  Trust me, this is a must watch.  Your heart will break as you hear some American children talk about what they have to do for food….

Wasn’t that video absolutely mind blowing?

Those of us that still live comfortably are often completely unaware of what life is like out on the streets of America at this point.

There are millions upon millions of Americans that have lost all hope and that are living on the very edge of life and death.

And more join the ranks of the hopeless with each passing day.  This upcoming weekend approximately 80,000 people in the state of Michigan will lose their unemployment benefits.

So what are those people going to do after that?

They have already been unable to find work month after month.  Their savings are most certainly gone.  Now the only money they had coming in is going to be eliminated.

Yes, I have written many times about how the U.S. government is absolutely drowning in debt and cannot afford to be giving out so much money.  My point here is to show the other side of the equation.  There are millions upon millions of Americans that are barely hanging on and there are no jobs for them.  The suffering that those families are going through is very real.

Millions of other families are trying to get by on the incomes they pull in from part-time jobs.  According to Gallup, the percentage of Americans that are working part-time jobs but that would like full-time jobs is now higher than it has been at any other time in the last two years.  The number of the “working poor” just continues to increase, but most Americans don’t have much sympathy for them because they “have jobs”.

Well, when you are making 8 bucks an hour it can be incredibly tough to make it from month to month.

Just look at how much it costs to buy the basic things that we need.

Without gasoline, most of us would not even be able to get to our jobs.  The price of gasoline has increased 83 percent since Barack Obama first took office, and it is poised to soar even higher.  Right now, the average price of a gallon of gasoline in the United States is $3.51.  Never before has the average price of gas gone above $3.50 so early in the year.  Many believe that we could set a new all-time record this summer.

But last year was bad enough.  In 2011, the average American family spent over $4,000 on gasoline.

So when you are making just a few hundred dollars per week, it can be a massive struggle just to put gas in your car and food on the table.

The article that I wrote the other day about the decline of Detroit really struck a nerve.  All over America, people can see similar things happening to their own neighborhoods.  People are scared and they want some answers.

Well, the truth is that we should have never allowed tens of thousands of businesses, millions of jobs and trillions of dollars of our national wealth to be shipped out of the country.

Just check out this stunning photo which compares the decline of Detroit to the rise of Shanghai, China.

Do you think that it is just a coincidence that Detroit is falling apart and that cities in China look sparkly and new?

No, the truth is that it is a natural consequence of our foolish economic policies.

There are hundreds of communities all over the country where third world conditions are setting in.  For example, the following is how one bloggerdescribes what life is like in a decaying suburb of Phoenix called Maryville….

Crime and gangs are widespread. Most houses have either fallen into disrepair, or been remade with outside walls sporting spikes and ironwork. Many of the front lawns are now just dirt (or worse, gravel), the pools green and lethal.

Now we stand on the precipice of another major global financial crisis.  Economic conditions in America are going to become significantly worse.  The politicians in Washington D.C. may make sure that the boys and girls on Wall Street are always taken care of, but there will be no bailouts for the large numbers of Americans that are about to lose their jobs and their homes.

If you want an idea of what is coming, just look at what is happening in Greece.  25 percent of the businesses have shut down, one-third of all money has been pulled out of Greek bank accounts and unemployment and poverty are absolutely rampant.

For years, a lot of prominent voices out there were screaming and yelling about the dangers posed by our soaring trade deficits and our soaring budget deficits.

But the American people did not listen.  They just kept sending the same politicians back to Washington D.C. over and over.

As a result, soon millions of those same Americans will find themselves doing things that they never dreamed that they would do just to survive.”

Source:

http://www.prisonplanet.com/many-of-you-will-not-believe-some-of-the-things-americans-are-doing-just-to-survive.html

Video: Poor America!-Posted on YouTube.com-By leenicklen-On February 13, 2012:

https://www.youtube.com/watch?v=suJCvkazrTc&feature=player_embedded

Note: The following articles and/or blog posts and videos relate to this disturbing issue-You Decide:

I. CBO: Longest Period of High Unemployment Since Great Depression!

Posted on US News and World Report-By ALEX M. PARKER-On February 16, 2012:

“After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.

[Dems Tout GOP Payroll Tax Plan as Political Victory.]

And, despite some recent good news on the economic front, the CBO is still predicting that unemployment will remain above 8 percent until 2014. The report also notes that, including those who haven’t sought work in the past four weeks and those who are working part-time but seeking full-time employment, the unemployment rate would be 15 percent.

The CBO made its comments in a report examining the long-term effects of joblessness, and possible policy options to boost employment, including unemployment insurance reforms and job training programs. The report came at the request of Democratic Michigan Rep. Sander Levin, but Republicans quickly jumped on the chance to bash President Obama’s stimulus program, which is also reaching its three-year anniversary today.

[Virginia is for Lovers—and Politicos.]

“The stimulus is a stark reminder of how the president got the policies he wanted, and how those policies have failed the American people and are making things worse,” said Texas Republican Rep. Jeb Hensarling.

1.     See political cartoons about the economy.

2.    How the payroll tax cut deal could help the economy.

3.    Six Things That Could Stop the Recovery.

aparker@usnews.com

Twitter: @AlexParkerDC

Source:

http://www.usnews.com/news/articles/2012/02/16/cbo-longest-period-of-high-unemployment-since-great-depression

II. Unemployment Tricks: Jobs Claim Made by 'Shrinking' Workforce!

Posted on NewsMax.com-By Andrew Henry-On February 6, 2012:

“Last week, the White House claimed that unemployment dropped for the fifth consecutive month to 8.3 percent — the lowest it has been in nearly three years — after adding 243,000 jobs, according to the Bureau of Labor Statistics.

But financial experts are saying the figures may have been manipulated — and that the significant drop in employment was because of the fact that the federal agency charged with computing key economic data has significantly decreased the number of Americans in the workforce.

“If you hold the workforce participation rate constant over the past year, unemployment would be about 8.9 percent instead of 8.3 percent,” GOP economist Matt McDonald of Hamilton Place Strategies said Monday on CNBC’s Squawk Box. “So it is a weird number that is out there, and I think people have to be looking at that carefully.”

The same Bureau of Labor Statistics (BLS) report that showed unemployment dropping to 8.3 percent showed total workforce participation — the number of people either working or looking for work — declining by 1.2 million people in one month.

The unemployment rate is determined by dividing the number of unemployed job-seekers by the total labor force. By reducing the number of workers in the overall workforce, the Obama administration can show actual unemployment dropping, when, in fact, improvement has been marginal at best.

Many economists feel the official statistics seriously underestimate how bad the unemployment situation really is. They maintain that the key measure is the number of people who would like to have a job, but can’t find one.

When people retire from the workforce because of the aging of the nation’s population or give up looking for work because of prolonged unemployment, the BLS declares the unemployed person a “discouraged worker.”

At that point, the BLS lists them as “marginally attached to the workforce,” and they no longer are considered to be part of the nation’s working population.

Dropping them off the employment calculations keeps the unemployment rate substantially lower than it would be otherwise and has been key to the improvements in the unemployment numbers during the past year.

Tyler Durden of Zerohedge.com writes: “It appears that the people not in the labor force exploded by an unprecedented record 1.2 million.”

In fact, Zerohedge notes that BLS is breaking records in claims about the shrinking workforce. The most recent unemployment number was based on the assertion that the entire U.S. workforce has shrunk to a 30-year low.

An analysis by Joseph Curl of the Washington Times shows the labor force as a percentage of the available population hit 66 percent in October 1988, and remained there throughout the presidency of George H.W. Bush. It then reached 67 percent or better for 40 straight months during President Bill Clinton’s presidency, and was above 66 percent for virtually all of President George W. Bush’s presidency.

But by the end of President Obama’s first year in office, it had dipped to 64.6 percent, before dipping to just 63.7 percent last month — its lowest point in almost three decades.

One analyst who is stridently critical of the BLS numbers is TrimTabs.com CEO Charles Biderman. His firm uses what he considers a more modern and timely measurement, actual tax receipts to the IRS, to calculate employment.

By his firm’s calculations, the economy added only 44,000 jobs in January, not even enough to keep the unemployment rate from growing.

The BLS numbers “are just guesses,” Biderman tells Newsmax. “I don’t know whether they’re politically motivated or not.”

The White House is doing “cartwheels” over the positive jobs numbers being promulgated from the BLS, the Christian Science Monitor says.

“These numbers will go up and down in the coming months, and there’s still far too many Americans who need a job or need a job that pays better than the one they have now,” President Obama said. “But the economy is growing stronger.”

BLS spokesman Gary Steinberg tells Newsmax that the bureau publishes its methodologies for calculating the unemployment rate online. While its tweaks its various formulas to keep them up to date, he states there has been no major change in how the rate is calculated in over a decade.

“The definitions have not changed . . . if someone is not actively looking for work for the four weeks preceding the reference week, they’re not in the labor force,” he says. “That was true years ago, and it’s true today.”

Source:

http://www.newsmax.com/Headline/white-house-manipulates-unemployment/2012/02/06/id/428619?s=al&promo_code=E1D2-1

III. Obamanomics Has Failed!-Posted on The Heritage Foundation-By Mike Brownfield-On February 17, 2012:

http://blog.heritage.org/2012/02/17/morning-bell-obamanomics-has-failed/?utm_source=Newsletter&utm_medium=Email&utm_campaign=Morning%2BBell

IV. Obama’s Budget Blather!-Posted on The Patriot Post-By Mark Alexander-On February 16, 2012:

http://patriotpost.us/alexander/2012/02/16/obamas-budget-blather/

V. See, I Told You So: Obama Approval Up, Jobless Rate Down, “Culture War” Revived—All Manipulated by Lib Media to Dispirit You!-Posted on RushLimbaugh.com-By Rush Limbaugh-On February 16, 2012:

http://www.rushlimbaugh.com/daily/2012/02/16/see_i_told_you_so_obama_approval_up_jobless_rate_down_culture_war_revived_all_manipulated_by_lib_media_to_dispirit_you

VI. Italian police seize $6 trillion of fake U.S. bonds!-Posted on Yahoo! News-By Elisa Forte and Gavin Jones, Reuters–On February 17, 2012:

http://news.yahoo.com/italy-police-seize-6-trillion-fake-u-t-144806353.html

VII. Video: Italian police seize $6 trillion of fake U.S. bonds!-Posted on Yahoo! News-On February 17, 2012:

http://news.yahoo.com/video/world-15749633/italy-police-seize-6-trillion-of-fake-u-s-28345495.html

VIII. Obama proposes $800 million in aid for “Arab Spring!”-Posted on Reuters-By Susan Cornwell, WASHINGTON-On February 13, 2012:

http://www.reuters.com/article/2012/02/13/us-usa-budget-foreign-idUSTRE81C1C920120213

IX. Heritage Responds to Obama’s 2013 Budget Proposal!-Posted on The Heritage Foundation-By Mike Brownfield-On February 13, 2012:

http://blog.heritage.org/2012/02/13/reaction-roundup-heritage-responds-to-obamas-2013-budget-proposal/?utm_source=Newsletter&utm_medium=Email

X. Romney, Ryan, Rubio Rip Obama's New Budget!-Posted on NewsMax.com-By Martin Gould-On February 13, 2012:

http://www.newsmax.com/Newsfront/Obama-budget-Romney-Ryan/2012/02/13/id/429263?s=al&promo_code=E2A2-1

XI. White House Spin Machine Hits Brick Wall!-Posted on The Heritage Foundation-By Mike Brownfield-On February 13, 2012:

http://blog.heritage.org/2012/02/13/morning-bell-white-house-spin-machine-hits-brick-wall/?utm_source=Newsletter&utm_medium=Email&utm_campaign=Morning%2BBell

XII. Budget? Why Follow A Budget?-Posted on The Heritage Foundation-By Mike Brownfield-On February 10, 2012:

http://blog.heritage.org/2012/02/10/morning-bell-budget-why-follow-a-budget/?utm_source=Newsletter&utm_medium=Email&utm_campaign=Morning%2BBell

XIII. S AMERICA SPIRALING TOWARD FASCISM? (Part 1)-Posted on News With Views-By Dr. Carl Parnell, Ed,D –On February 7, 2012:

http://www.newswithviews.com/Parnell/carl100.htm

XIV. IS AMERICA SPIRALING TOWARD FASCISM? (Part 2)-Posted on News With Views-By Dr. Carl Parnell, Ed,D –On February 15, 2012:

http://newswithviews.com/Parnell/carl101.htm

XV. Steny Hoyer: ‘What Does A Budget Do?‘ The ’Fact Is, You Don‘t Need’ One!-Posted on The Blaze-By Becket Adams-On February 8, 2012:

http://www.theblaze.com/stories/steny-hoyer-what-does-a-budget-do/

XVI. Job Growth Should Be Stronger!-Posted on The Heritage Foundation-By Mike Brownfield-On February 3, 2012:

http://blog.heritage.org/2012/02/03/morning-bell-job-growth-should-be-stronger/?utm_source=Newsletter&utm_medium=Email&utm_campaign=Morning%2BBell

XVII. Harvard Prof: Megaupload-Style Cases Will Kill Tech Companies!-Posted on Western Journalism-By FLOYD BROWN-On January 31, 2012:

http://www.westernjournalism.com/harvard-prof-megaupload-style-cases-will-kill-tech-companies/?utm_source=Western+Journalism&utm_campaign=5f70bbc3ef-RSS_EMAIL_CAMPAIGN&utm_medium=email

XVIII. Marco Rubio: Obama‘s ’Made Everything Worse!’-Posted on The Blaze-By Madeleine Morgenstern-On January 28, 2012:

http://www.theblaze.com/stories/marco-rubio-obamas-made-everything-worse/comment-page-4/#comment-2757073

XIX. Socialism’s Fundamental Flaw that Liberals Simply Ignore!-Posted on The Patriot Update-By David L. Goetsch-On January 28, 2012:

http://patriotupdate.com/articles/socialisms-fundamental-flaw-that-liberals-simply-ignore

XX. Video: Allen West to Democrats: Get your leftism the hell out of America!-Posted on The Right Scoop-By The Right Scoop-On January 28, 2012:

http://www.therightscoop.com/allen-west-to-democrats-get-your-leftism-the-hell-out-of-america/

Note: What follows is an extremely disturbing letter from Attorney A. Clifton Hodges from Hodges and Associates, a Professional Law Corporation in Pasadena California that was written, on or about June 17, 2011, to Mr. Zhung Yesui, Ambassador of The Peoples Republic of China at the Embassy in Washington, D.C. alleging that President Obama committed treason for not following through with his commitment regarding the World Global Settlement/U.S. Dollar Refunding Project.  Also included are two videos that relate to this issue-You Decide:

TREASON FROM A U.S. PRESIDENT (OBAMA):

https://api.ning.com/files/d-XQ3F0q0oRv6Mx7xc3pb2UC2EVxPYW405srP5M56rESHvRCo7UxGsoqZw0bixC9ENcIU5xBKYsRz*PJ8Zt39aUoF02zJ9pL/TREASONBYAU.S.PRESIDENTOBAMA.pdf.pdf

Video: TREASON FROM A U.S. PRESIDENT (OBAMA)!-Posted on YouTube.com-By BoKnowsEntertainment-On February 17, 2012:

https://www.youtube.com/watch?v=4FOTJL5q70g&feature=player_embedded

Video: The World Global Settlement Funds!-Posted on YouTube.com-By BoKnowsEntertainment-On February 17, 2012:

https://www.youtube.com/watch?v=2kl9uiwn7zY&feature=related

Note:  My following blog posts contain numerous articles and/or blog posts and videos that relate to this disturbing issue-You Decide:

Is it important to understand the Marxist assault on the foundations of our system?

http://weroinnm.wordpress.com/2011/01/27/is-it-important-to-understand-the-marxist-assault-on-the-foundations-of-our-system/

Who owns our supposedly fair and balanced airwaves and news outlets?

http://weroinnm.wordpress.com/2010/10/21/who-owns-our-supposedly-fair-and-balanced-airwaves-and-news-outlets/

Nearly 80 percent don’t trust the government!

http://weroinnm.wordpress.com/2010/04/19/nearly-80-percent-don’t-trust-the-government/

Washington Times Calls for Obama’s Impeachment!

http://weroinnm.wordpress.com/2010/08/31/washington-times-calls-for-obama’s-impeachment/

Note:  If you have a problem viewing any of the listed blog posts please copy web site and paste it on your browser. Be aware that some of the articles and/or blog posts or videos listed within the contents of the above blog post(s) may have been removed by this administration because they may have considered them to be too controversial.  Sure seems like any subject matter that may shed some negative light on this administration is being censored-What happened to free speech?-You Decide:

http://weroinnm.wordpress.com/2010/10/23/what-happened-to-free-speech/

“Food For Thought”

God Bless the U.S.A.!

https://www.youtube.com/watch?v=Q65KZIqay4E&feature=related

Semper Fi!

Jake

This is from Personal Liberty;

Moe, Larry And Curly Bernanke

WWW.FEDERALRESERVE.GOV

Federal Reserve Chairman Ben Bernanke said he wanted inflation. He got his wish. Now the question is: Is it getting out of hand?

In the 1940 short film “A Plumbing We Will Go,” The Three Stooges pose as plumbers trying to stop a leaky pipe in a large home while a party is going on.

Since they know nothing about plumbing, it isn’t long before the boys have connected the water pipes to a conduit and water is pouring out everywhere. Of course, the party is ruined and the house is wrecked.

Federal Reserve Chairman Ben Bernanke is Moe, Larry and Curly all rolled into one, and his efforts to stop the leaky economy have been as successful as the boys’ efforts were in fixing the dripping pipe. Bernanke’s latest effort of quantitative easing — known as QE2 — is running out, and the bubble he created is deflating faster than one of the Stooges’ helium-filled cakes.

Last week, a Chinese ratings house accused the United States of defaulting on its massive debt by allowing the dollar to weaken against other currencies — eroding the wealth of its creditors, the biggest of which is China.

China holds $1.145 trillion of U.S. Treasury securities. That is down from its peak of $1.175 trillion in October, according to a story by the AFP news service.

China, the No. 1 holder of U.S. debt, is now a seller of U.S. Treasuries. Japan, the second largest holder of U.S. Treasuries, may soon be a seller as well. It needs money to repair infrastructure following this year’s earthquake and tsunami.

The stock market was down six weeks in a row before last week, when it finally finished a week on an up note. According to The Economic Collapse blog, that hasn’t happened since the dotcom bubble burst in May 2001.

The false euphoria created by QE2, which propped up Bernanke’s Wall Street buddies by driving money into the market, has worn off. Investors realize this, and they are looking for new places to put their money.

Meanwhile, once again, John and Jane American are watching their meager retirement funds dry up. Unemployment is up (the true unemployment rate, which includes discouraged workers, is 22.3 percent, according to the National Inflation Association), manufacturing and consumer confidence are down and one in seven Americans is on food stamps. Millions of Americans receive some sort of government assistance.

The price of everything is increasing. According to NIA: “90% of sporting goods manufacturers have seen their input costs rise substantially this year and 41% of them have already announced major price increases for athletic apparel, footwear, and sports equipment. As the 8,000 toy manufacturers in China are forced to raise the wages they pay their employees, Toys R’ Us is now beginning to see major wholesale price increases for their products, which they will have to pass on to U.S. consumers. Hasbro recently raised prices on all of their products by 6% to 7%. Mattel recently imposed an across the board high single digit price increase after reporting a 33% decline in quarterly profits (despite sales surging by 8%) due to skyrocketing raw material costs.”

May sales reflected what consumers thought of the rising prices. Retail sales fell for the first time in 11 months. The drop in sales hit autos, electronics, appliances, furniture, groceries, sports retailers and department stores.

Bernanke said he wanted inflation. He got his wish. Now the question is: Is it getting out of hand?

Go here to read the rest of the article;

http://www.personalliberty.com/conservative-politics/government/moe...

     “The president of the United States, Barack Obama, doesn’t seem to have chosen the right model to copy for his “green economy,” Spain. After the government of José Luís Rodríguez Zapatero demonized a study of different experts about the fatal economic consequences of renewable energies, an internal document from the Spanish cabinet that it is even more negative has just been leaked. 

     PajamasMedia.com

Green-Tech Model Advocated by Obama

Destroyed the Prosperous Spanish Economy

Undisclosed Debt Revelations Startle Voters

     First Greece, then Ireland and Portugal, now Spain, next America?  Two reports by the every vigilant Pajamas Media (PJM); and numerous other revelations from Spain are painting an ugly picture of political corruption, stupidity and rampant cronyism in eastern Iberia.  The Spanish Socialist government has issued a secret report showing that their green-tech jobs program destroyed the country’s once prosperous economy. 2011’s 21.3% UNEMPLOYMENT  figure confirms their confession as did the PJM’s uncovering of the original story.

     In 1997, Spain was the most prosperous European economy and one of the strongest in the world:  unemployment stood at less than 4%.  The country’s most popular political power, the Socialist Party began movement toward a green economy at that time.  Today, unemployment is five and a half times as high.  The elections in Spain in 2010 sent the ruling Socialists out of power; but people are today none too happy with the traditionally weaker Conservative Party either.  Most people believe that all the politicians in Spain pass laws to benefit themselves and do little for the people.  The country’s tiny Moderate Party made big gains in the 2010 elections and is expected to do even better in the 2012 ones.  The Socialists, however, are truly under-the-gun since recent revelations of heretofore huge unacknowledged debt has dealt an angry surprise to the voters and may force the nation to follow in the footsteps of bankrupt Greece, Ireland and Portugal and require a bailout from the international monetary fund (which American voters largely finance).

     Piles of undisclosed debt in local government associated with the operation of the country’s green-tech jobs programs are shaking up a political scene that was pretty much in chaos to begin with.  Spain, which had been doing everything it could to avoid becoming the next European bailout recipient, is far worse off than its people had been led to believe.  The huge debt revelations in 2010 seemed to indicate that the Socialists were waiting for the Conservatives to discover it after the election so the voters might “shoot the messenger” in the next election.  Unfortunately for the Socialists, the truth emerged and anger has remained rampant along the Costa del Sol and throughout the Spanish countryside over the last year.   Even today Spain has had trouble eradicating the debt and regaining a firm economic footing because of contract disputes with green energy companies created by the Socialist’s green energy programs.

     It all began with the first “offseason” government change earlier in 2010 in Catalonia which revealed a budget deficit there more than twice what had been reported earlier.  Piles of “hidden debt” are still being revealed to the new government related to the green program and to health clinics and other suppliers . . . in short, economists and analysts and numerous anecdotal reports from companies that supply local governments in Spain indicate widespread, unrecorded debt.  Companies complained that the Socialists when in power pressured them to do business off-the-books rather than immediately bill for goods and services according to  Fernando Eguidazu, vice president of the Circulo de Empresarios business lobby group in Madrid.  This chicanery continues to add tens of billions of euros to the official debt figures reported by local and regional governments.

     Undermined by a 21.3% unemployment rate and a perceived slowness in reacting to the country’s economic crisis, the Socialists lost control of the municipal governments of Barcelona and Seville, the country’s second- and third-largest cities.  Young people are protesting everywhere including the main plazas of Madrid, Barcelona and Valencia.  Unemployment among those in their 20’s and 30’s reached 50% in many areas at the height of the Spanish crisis. 

      Pajamas Media’s exclusive original story about the leaked Spanish government report in 2010 was confirmed later by several Spanish newspapers.   Yes, the very same Spanish “green economy” policies  that Barack Obama has modeled his administration’s green-jobs programs upon . . . have been cited by the Socialist government that created them as an “expensive, ineffective and unworkable disaster.”  The first Spanish newspaper on the scent was La Gaceta, a Madrid daily.  At about the time the story “went viral” the Socialist government came out with an admission that it was true. 

For Americans the shocker has to be that the headline in La Gaceta (the Gazette) seemed to be aimed squarely at a USA target audience as it screams out (English Translation Provided by Rajjpuut):

“Spain admits that the green economy

Sold to Obama is a disaster.”

http://pajamasmedia.com/files/2010/05/economia_verde_ruina.pdf

     The Spanish public is still up in arms.  An academic team in Spain revealed all this in 2007 and was treated monstrously by the country’s media and by the ruling Socialists trying to discredit the survey’s purpose as purely political and without merit (Americans will recall that when the results of the Spanis study were brought up in a press conference, Obama Press Secretary Robert Gibbs made fun of the questioner).  Dr. Gabriel Calzada, the Spaniard who first exposed the disaster in 2007 was finally vindicated despite taking mountains of flack from the progressive academic establishment at his own and other universities across the country. 

     Professor Calzada is today often still  featured on all the nation’s most important news and business talk shows.  Despite all the nasty attacks he received, the good professor had enough integrity to stick by his guns these last four years and a year ago even wrote praise for “The dissection of ‘free-ice cream green jobs economics’” on the book jacket of Power Grab:  How Obama’s Green Policies Will Steal Your Freedom and Bankrupt America by American author Christopher C. Horner, a Pajamas Media watchdog whose book bears this enscription on the inside flap:  “Barack Obama’s ‘Green’ Policies Start With Controlling Your Energy…and End With Your Life.”

http://www.amazon.com/Power-Grab-Policies-Freedom-Bankrupt/dp/1596985992

     This scandal associated with deliberately villifying Calzada and covering up the truth for three years, however, pales in contrast with the undisclosed debt still popping up everywhere in the country.  But Spaniards and Americans would do well to remember that the problems associated with our own financial meltdown** and with Spain’s collapse began years ago with misguided and deliberate progressive policies (more later).  For now remember this, in Calzada’s study:

       A)   2.2 real jobs in the real economy were lost for each green-tech job subsidized by the Spanish government. 

       B)   The average subsidized green tech job there (although counted equally with all the lost permanent jobs in the real economy) lasted less than a year. 

       C)   Only 10% of all the Spanish green-tech jobs proved permanent.

       D)  So, in reality, 22 real jobs in the real economy were lost for every permanent green job created in Spain

       E)   The average green tech job there paid roughly $12.20.

       F)   The owners of Spanish solar plants make 12 times more than what they pay for the energy coming from fossil fuel combustion. The majority of this profit comes from subsidies charged to the consumer via taxes.

     The long-run numbers are even scarier for Spain.  The government itself in recent revelation says that the alternative energies sector are stil scheduled to receive 126 billion euros in the next 25 years.  And things bode very badly for America:   Pajamas Media put it like this: 

      “The president of the United States, Barack Obama, doesn’t seem to have chosen the right model to copy for his “green economy,” Spain. After the government of José Luís Rodríguez Zapatero demonized a study of different experts about the fatal economic consequences of renewable energies, an internal document from the Spanish cabinet that it is even more negative has just been leaked.

     To one of the authors of the first report, Gabriel Calzada, “the government has leaked it intentionally in order to turn the media against renewable energies and to be stronger in negotiations with businesses.”  On eight occasions, the occupant of the White House referred to the Spanish model as an example to follow.  Barack Obama wants us to enjoy the same success the Spanish have known from green energy.

Ya’all live long, strong and ornery,

Rajjpuut 

** In America, the second wave of progressive sabotage began with the progressives in the Carter administration in 1977 passing the CRA ’77 legistlation that first forced private sector home lenders to make knowingly ill-advised loans to unqualified home loan applicants.  This travesty was multiplied four times by Bill Clinton (Bush, Sr. has a bit of the guilt on his resume as well); attacked this ridiculous law and exposed its weaknesses using Cloward-Piven Strategy by ACORN which controlled Bill Clintons electoral destiny for eighteen years.  Even ACORN lawyer Barack Obama did his part.  Overall the suspect loan rate in 1975 0.24%; became 0.51% in 1985; 14.2% in 1995 (after a Clinton regulatory expansion and two legislative expansions); and 34% in 2005. 

Thanks to ACORN many of these suspect loans after Clinton’s 1998 steroid version final expansion of CRA’77 put people without jobs; with abysmal credit ratings; with only food stamps to declare as “income” into $250,000 to $450,000 homes at zero downpament.  Bush, Jr. who is getting all the blame now . . . in January, 2005 (one of 19 such speeches and vote efforts) tried to repeal CRA laws and only succeeded thirty months later in getting a very weak version of his law passed in July, 2007.  It all proved too little too late, but did help some.  Today, much of the CRA legislation is still on the books waiting another ACORN push.  Of course, the mainstream media runs with the progressive line that “the conservatives and the free market put our economy into the ditch.”

By the way, the First Wave of sabotage ended when the federal government bailed out bankrupt New York City in 1975.  New York State and many states and other large cities were also driven near the point of bankruptcy and the stock market suffered its biggest losses (46%) since the Great Depression (sound familiar?) . . . thanks to the progressive-left’s implementation of Cloward-Piven Strategy and Alinsky tactics to deliberately double the welfare rolls from eight to sixteen million people in seven years and overload the system as promised. This also was a deliberate sabotage by the progressive left.  Rajjpuut has explained the matter in deep detail in numerous blogs.   Find another take on the Cloward-Piven Strategy history leading to the bankruptcy of NYC, here:

http://www.americanthinker.com/2008/09/barack_obama_and_the_strategy.html

 http://www.marketwatch.com/Story/story/print?guid=25965F12-6D1A-11E0-8CAB-00212804637C
 

After two years of Obama...here's your:

Just take this last item: In the last two years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our entire nation's history.

Metaphorically speaking, if you are driving in the right lane doing 65 MPH and a car rockets past you in the left lane, 27 times faster, it would be doing 7,555 MPH! 

Sources:

(1) U.S. Energy Information Administration;

(2) Wall Street Journal;

(3) Bureau of Labor Statistics;

(4) Census Bureau;

(5) USDA;

(6) U.S. Dept. Of Labor;

(7) FHFA;

(8) Standard & Poor's/Case-Shiller;

(9) RealtyTrac;

(10) Heritage Foundation and WSJ;

(11) The Conference Board;

(12) FDIC;

(13) Federal Reserve;

(14) U.S. Treasury

You realize of course that it is all George's fault, however, - - - So says Commie-Bama & the main stream press

Obama is purposely trying to collapse the American Economy. He is doing this on purpose. "On Purpose".
Call him out on this. If we just sit here and watch him, he will indeed collapse the Economy. Make noise. Call and write your Congressman and Senator. Tell your friends and neighbors. signs at Tea party;s should say:

Why
Obama
Collapsing
Economy?

Why

We need to talk about it. Spread the word. If Economy collapses, it will be worse than Great Depression.
God Bless,
Alex Abrams, Orlando

Please take just a minute and just ask your Congressman and Senator why we are allowing Obama to Collapse the Economy. Why do our Congressmen/Senators "NOT" Articulate that Obama and Soros are collapsing our economy. Ask they why this is happening and ask them why they don't stop this in it's tracks?
Please contact your Congressman and Senators and make them accountable.
Respectfully,
Alex Abrams, Orlando

“Projecting his own corruption and inadequacies unto others, Barack Obama claims that unfounded lies have distorted his marvelous accomplishments and inspirational message and made fearful voters unable to think clearly about the issues . . .” Rajjpuut

Q: Why is golf the perfect metaphor for the Obama presidency?
A: He's continually striving for the perfect lie.

TEA Party Women Deplore What Obama

Refuses to See on the Tip of His Nose

Sarah Palin’s nomination as the 2008 Republican Party’s Vice Presidential candidate has been followed by the rise of the TEA (Taken Enough Abuse? Or Taxed Enough Already) Party and a simultaneous upsurge in the involvement and commitment of Conservative women to returning the nation to small and responsive federal government, lower taxes, dramatically lowered spending and alignment with the purposes and practices of Constitutional Republicanism. Despite mountains of evidence that these women and a whole groundswell of the people are in synch with reality and that he is not, Barack Obama and his media sycophants can’t seem to see the forest for the trees surrounding them . . . .

ITEM: While being interviewed by the New York Times President Obama admitted “. . . there’s no such thing as a shovel-ready project,” they do not exist in Washington’s bureaucracy and thus the stimulus didn’t work.

ITEM: In selling that $787 Billion stimulus, the president swore to us that unemployment would NOT rise above 8% if the bill became law. Unemployment, of course, rose to 9.6% and is now reportedly headed to over 9.9% according to the Gallup polling organization.

ITEM: We are coming to realize that according to all the latest administration projections high unemployment is expected to be a fact of life and the only way to sort of deal with it is to allow them to tax us more and spend more of our money.

Item: One more broken promise, the House of Representatives adjourned for last minute campaigning without bothering to vote on extending the Bush Tax Cuts; and one more broken law, they still have not passed a budget. Is that a problem?

ITEM: College age voters (Obama’s most fanatical multi-racial support group) are in growing agreement that despite all the spending, unemployment is rising and their chances of finding jobs under Obama are shrinking by the day.

ITEM: Mr. Obama states that “most of the unemployed had already lost their jobs when I took office,” failing to mention that their numbers have increased by 40% since he came to Washington, D.C.

ITEM: Progressive economists have been uniformly inaccurate and ineffective throughout history. Four of the five economic “architects” of the Obama job approach (just throw money at the problem) have already left the administration for greener pastures.

ITEM: Speaking of progressive economists . . . their version of truth, known as “Keynesian Economics,” is a progressive (“we must ‘progress’ beyond the outdated and seriously flawed U.S. Constitution”) tool encouraging politicians to tax and spend and throttle the free market. The country as a whole is now, however, coming more and more to realize that government canNOT create jobs or wealth but can only redistribute wealth so ineffectively that all government programs to either create jobs or spread wealth inevitably destroy jobs and mean individual and overall wealth for our citizens.

ITEM: Progressive politicians cannot intelligently answer the question “How do you create a job?” Yes, they can hem and haw and stumble through the idea of how jobs that are already created can sort of create other jobs . . . but they have no idea. And God help us if you, a voter, don’t know either, here’s the answer:

http://www.econlib.org/library/Essays/rdPncl1.html

ITEM: Progressives see naturally arising free market forces as exploitation. They don’t understand that when one person willing trades his goods or services or money for someone else’s goods or services or money . . . pay attention, progressives . . . they both feel like they got the better end of the stick, and that this is the very key to capitalism. They believe only government can intelligently create jobs to benefit all. The true model of reality is that government is a hooligan or a thief, explained here:

http://fee.org/library/books/economics-in-one-lesson/#0.1_L3

ITEM: Fifteen million people are still unemployed and Nancy Pelosi’s and Obama’s solution extend unemployment benefits and multiply food stamp eligibility. Pelosi says that these programs are “biggest bang for the buck” as far as getting the economy in motion . . . claiming they return 179% on the dollar. Since government’s can’t create jobs or wealth and government programs are at best highly INefficient at transferring wealth the true number would probably be much closer to 39% which means that they kill 2.5 jobs for every job they help create in the economy. It’s also a proven fact and demonstrable part of reality (with unemployment benefits now extended to 99 weeks) that a surprising upsurge in job “discovery” takes place during the last three weeks of receiving unemployment checks regardless of whether that is the 23rd week or the 80th week . . . indicating that long periods of “covered unemployment” actually retards job-hunting.

ITEM: The majority of the public wants Obamacare repealed. Why? They’ve come to realize it will be the biggest drain on the economy of all time, won’t make us healthier and won’t lower costs, will allow federally-funded abortions, and actually make access to medicine, much less good medicine much more difficult. Now they’re seeing that Obamacare is jerking health insurance costs sky-high for private companies. So far at least 30 major corporations have been granted waivers to implementing Obamacare (so they don’t have to drop coverage of employees) and hundreds more are applying. And by the way, the reality that more and more Americans will lose their present insurance (“If you like your present insurance, then you can keep it.”) is not what even the supporters of Obamacare bargained for.

ITEM: Among Democrats, at last count only Nevada’s Harry Reid is running his re-election campaign with any mention of supporting Obamacare . . . and Harry Reid looks to be losing to one of the most bone-headed persons to ever call herself a “conservative.”

ITEM: The progressives are poised to allow the Bush tax cuts to expire at midnight on New Year’s Eve and that will surely amount to the largest tax increase in history.

ITEM: Obama’s much promised “transparency in government” and “bi-partisan involvement” allowed bribe after bribe after bribe (Cornhusker Kickbacks; Louisiana Purchase; building a new bank here; exempting a hospital there; etc., etc. ad nauseum) to ram the unpalatable Obamacare law and other unwanted bills down our throats and the process was certainly not broadcast openly but largely played out behind closed doors with only key Democrats invited in.

ITEM: Barack Obama said this in summing up his presidency so far for the New York Times . . . “I think they (people) could say, on a bunch of fronts he (the president) still has an incomplete. But I keep a checklist of what we committed to doing, and we’ve probably accomplished 70 percent of the things that we talked about during the campaign. And I hope as long as I’m president, I’ve got a chance to work on the other 30 percent.”

ITEM: Sorry, Mr. President, if your child was assigned to clean up his room and take the garbage out and he instead opts to scatter the garbage around the house and light the house on fire: his grade is not “incomplete,” it’s utter and horrific “FAILURE!”

ITEM: An “F” is NOT nearly low enough and NOT close to what America and history will someday record. Rajjpuut gives the president NOT a FAILING grade but a -400% grade based not only upon his demonstrated ineptness, but also upon this greater truth which no one seems to be noticing . . . .

http://www.teapartypatriots.org/BlogPostView.aspx?id=0b1f6f49-f530-4d42-965b-7c0252850aa4

Projecting his own corruption and inadequacies unto others, Barack Obama claims that unfounded lies have distorted his marvelous accomplishments and inspirational messages and made the fearful electorate unable to think clearly about the issues . . . the truth, of course, is that the President has been casting about for the last two months searching for the “perfect lie”** to muddy the waters and give him and his toadie progressives some hope of retaining their unwarranted power over our lives. Thankfully, in large part due to the rise of a brave and intelligent new Conservative Women’s Movement, especially noticeable among the TEA Party activists, but found all across our resurgent nation.

Ya’all live long, strong and ornery,

Rajjpuut

** Of course Governor Jerry Brown has broken out his own version of the perfect lie; and other versions of it are springing up all over the place, most noticeably in the campaigning of Dem Representative Grayson in Florida. Obama’s latest effort, saying that the Chamber of Commerce is receiving and using huge amounts of foreign donations to support Conservative candidates totally ignores the facts that A. That’s a 100% lie B. Obama’s campaign still hasn’t revealed the origin of about $320 million of us campaign donations with at least $105 million of that coming from foreign sources.