ACTION

What’s wrong with this picture?

Posted on Townhall-By Bob Beauprez-On July 31, 2011:

“The Department of Justice is executing a “Witch Hunt” against banks. Through the DOJ’s Civil Rights Division, Attorney General Eric Holder is forcing banks to “relax their mortgage underwriting standards and approve loans for minorities with poor credit as part of a new crackdown on alleged discrimination,” according to a published report by Investor’s Business Daily after reviewing court documents.

The DOJ has already extorted $20 million for weak and poor credit loans from banks that “settled out of court rather than battle the federal government and risk being branded racist.”

The DOJ admits another 60 banks are already under “investigation.” Holder’s demanding the banks sign “non-disclosure” settlement agreements barring them from talking while allowing the DOJ to operate behind a curtain of secrecy.

The settlements already extracted from banks force them to make “prime-rate mortgages to low income blacks and Hispanics” with credit problems, even if they are living on welfare. According to IBD, the DOJ has ordered banks to advertise that minorities cannot be turned down for a loan “because they receive public aid, such as unemployment benefits, welfare payments or food stamps.” No job; no problem!

In other words, the DOJ is forcing banks to make loans to people that they know don’t qualify for them and likely won’t be able to afford to repay them, which is precisely the kind of failed public policy that precipitated the financial collapse and recession in 2008. 

The DOJ ordered Midwest BankCentre to provide “special financing” in the predominantly black areas of St. Louis for fixed prime rate conventional home loan financing for borrowers “who would ordinarily not qualify for such rates for reasons including the lack of required credit quality, income or down payment.”

Eric Holder and the head of his Civil Rights Division, Tom Perez were both protégés of Janet Reno who launched a similar attack on banks in the early years of the Clinton Administration. That led to an expansion of the Community Reinvestment Act, CRA, and an explosion of forced lending to low-income, poor credit risk borrowers and the sub-prime mortgage industry that collapsed in 2008.

Under the weight of massive guarantees of poor quality and defaulted mortgages, the federal government was forced to seize Fannie Mae and Freddie Mac. To date about $150 billion has been required to bailout the two agencies to keep them solvent.“

• Bob Beauprez is a former Member of Congress and is currently the editor-in-chief of A Line of Sight, an online policy resource. Prior to serving in Congress, Mr. Beauprez was a dairy farmer and community banker. He and his wife Claudia reside in Lafayette, Colorado. You may contact him at: http://bobbeauprez.com/contact/”

Source:

http://finance.townhall.com/columnists/bobbeauprez/2011/07/31/eric_holders_newest_witch_hunt

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

I. Nightmarish Group Back From Dead to Undermine Your Bank!

What’s wrong with this picture?

Posted on WND.com-On July 31, 2011:

“Newly created ACORN front groups across America have signed on to an economic campaign led by the radical Service Employees International Union that award-winning investigative journalist Matthew Vadum compares to terrorism.

Wall Street titan JPMorgan Chase is the first target of SEIU and its longtime allies at ACORN, he reports. Other pressure groups are participating in the effort, including the Saul Alinsky-founded Industrial Areas Foundation, National People’s Action, PICO National Network, and Alliance for a Just Society, according to a left-wing website established for the campaign, ChaseHomeFinanceSux.com.

ACORN, long associated with President Obama, is participating in the disruptive effort through its newly renamed state chapters. Mortgage and student loan strikes, crippling bank boycotts and intimidation, are on the agenda, Vadum told WND.

Get “Subversion Inc.” and read about the strategy that intends to take down America.

Although ACORN, the Brooklyn-based shell corporation that runs the ACORN network, filed Chapter 7 bankruptcy on Election Day 2010, its state chapters have restructured under assumed names. ACORN Housing changed its name to Affordable Housing Centers of America while ACORN’s voter registration and voter mobilization arm Project Vote continues operating out of ACORN’s old Washington, D.C., office.

Vadum reported the emergence of the “new” ACORN groups in his new book, “Subversion Inc.: How Obama’s ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers.” A senior editor at Capital Research Center, a think tank that studies left-wing advocacy groups and their funders, Vadum has assembled the information in the book from nearly three years of research and hundreds of interviews.

ACORN’s newly renamed chapters in New York (New York Communities for Change), California (Alliance of Californians for Community Empowerment), Missouri (Missourians Organizing for Reform and Empowerment), and Washington state (Organization United for Reform) make no secret about their participation in the scheme.

NYCC claims JPMorgan Chase’s foreclosures policies are unfair and takes credit for the town of Hempstead in Nassau County, N.Y., “closing the Chase account and moving $12.5 millions in tax payer dollars out of the pockets of the greedy Wall Street Bankers.” NYCC is pressuring other municipalities in the state to do the same.

Alliance of Californians for Community Empowerment, or ACCE, boasts that 22 activists were arrested protesting foreclosures outside a Chase office in Los Angeles.

Missourians Organizing for Reform and Empowerment, MORE, led by veteran ACORN organizer Jeff Ordower, jumped on the anti-Chase bandwagon last year, leading a protest at a Chase office in suburban St. Louis.

Organization United for Reform, OUR, led a protest outside the Chase branch in Marysville, Wash., demanding that Chase give part of a $1.4 billion tax refund to the local school district.

In his book “Subversion Inc.,” Vadum traces the checkered history of ACORN.

“The members of ACORN, and the thousands of groups it inspired, are foot soldiers in a nearly 50-year war on America’s free political institutions,” Vadum told WND.

Following the “break the bank” strategy of Marxist activists and academics Richard Cloward and Frances Fox Piven, ACORN seeks to overload the American system with impossible financial demands – literally destroying the nation’s economy, the book asserts. Piven is currently a member of the board of ACORN’s Project Vote subsidiary.

Just last year, Piven urged delinquent mortgage holders to stay in their homes for as long as possible without paying in order to bring the system crashing down. She told videographer Kyle Olson:

But if millions of people … refuse to go along with foreclosure proceedings, and refuse to pay off those mortgages that are under water, that will be enormous pressure on the banks. And if they do it in the form of a social movement, if they do it with pride and audacity, if they do it with a sense of self-righteousness, the political leaders of this country will not be able to round them up.

The subversive plan to destabilize the nation’s financial system was revealed earlier this year by Stephen Lerner, a board member of SEIU who is officially on leave from the union. Lerner is influential in leftist organizing circles and has reportedly visited the Obama White House at least four times.

Lerner said a strategy was needed that addressed the following questions: “How do we bring down the stock market, how do we bring down their bonuses, how do we interfere with their ability … to be rich?” It is important “to politically isolate them, economically isolate them and disrupt them,” he said.

Lerner said he decided that JPMorgan Chase would be “a really good company to hate.” If leftists really believe capitalism is in a “transformative stage,” they “need to confront this in a serious way and develop a real ability to put a boot in the wheel.”

Lerner said “we really are trying to disrupt and create uncertainty for capital, for how corporations operate … there are actually extraordinary things that we could do right now that would start to destabilize the folks that are in power and start to rebuild a movement.”

Lerner noted that 25 percent of homeowners now own a home worth less than they paid for it. Of those “underwater” homeowners, 10 percent “are now in strategic default, meaning they’re refusing to pay but they’re staying in their homes.” The homeowners, who figured out it might take lenders a year to foreclose on their mortgages and evict them, should be urged to stay put. “If you could double that number, you would … put banks on the edge of insolvency again.”

Lerner said banks that don’t pay their “fair share” in taxes or refuse to slash interest rates and partially forgive mortgage principal are being targeted. He also called for state and local governments to stop doing business with banks that don’t give in to the campaign’s demands.

As Vadum’s book reports, leftist George Goehl explained how to destabilize American society a year ago at a left-wing conference in Washington, D.C.

“The banking crisis is the next big thing,” said Goehl, executive director of Chicago-based National People’s Action. “The banking crisis is the way to build a big economic justice movement in this country.”

Goehl said the crisis presents “a once in a lifetime opportunity as progressives to engage millions of Americans in a big conversation around serious economic restructuring, not around eking out some victories around the margins, not about making life a little less worse for people, but about big time transformative change.”

“People are ready to move to the streets, some because they’re angry, some because they want justice right now, and some because they’re tired of hearing about the tea party coming out.”

Source:

http://www.wnd.com/?pageId=327565

II. Misleading Words!-Posted on The Patriot Update-By Thomas Sowell-On August 3, 2011:

http://patriotupdate.com/articles/misleading-words

III. Obama Mum on Details From Secret AFL-CIO Meeting!-Posted on The Daily Caller-By Matthew Boyle, The Daily Caller-On August 3, 2011:

http://dailycaller.com/2011/08/03/obama-scant-on-details-from-secret-afl-cio-meeting-critics-bill-it-up-to-more-union-favoritism-from-wh/

IV. Left preparing street chaos, class warfare!-Posted on WND.com-By Bob Unruh-On August 1, 2011:

http://www.wnd.com/?pageId=328817

V. Forecast for U.S. cities: Confrontation, chaos? Unions, radicals plot to counter 'right-wing threats' to 'Middle Class'-Posted on WND.com-By Aaron Klein-On June 9, 2011:

http://www.wnd.com/index.php?fa=PAGE.view&pageId=309345

VI. Radical Who Resigned in Disgrace Now Welcome on Capitol Hill!-Posted on WND.com-By Aaron Klein-On July 6, 2011:

http://www.wnd.com/?pageId=319397

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

ACORN-The Community Reinvestment Act (CRA)-Automaker Labor Unions:

http://weroinnm.wordpress.com/2010/01/22/acorn-the-community-reinvestment-act-cra-automaker-labor-unions/

Is ACORN Really Disbanding or Is It Just Changing Its Name Because of Scandals?

http://weroinnm.wordpress.com/2010/03/23/is-acorn-really-disbanding-or-is-it-just-changing-its-name-because-of-scandals/

President Obama and ACORN Connection!

http://weroinnm.wordpress.com/2009/12/29/president-obama-and-acorn-connection/

Do Alinsky’s Rules Define This Administration’s Governing Style?

http://weroinnm.wordpress.com/2009/05/18/do-alinsky’s-rules-define-this-administration’s-governing-style-2/

Is President Obama inciting riots across the US?

http://weroinnm.wordpress.com/2011/02/23/is-president-obama-inciting-riots-across-the-us/

Progressives and Communists Are Out of the Closet Together!

http://weroinnm.wordpress.com/2010/10/05/progressives-and-communists-are-out-of-the-closet-together/

President and DOJ have contributed to the racial mess in our country!

http://weroinnm.wordpress.com/2010/09/26/president-and-doj-have-contributed-to-the-racial-mess-in-our-country/

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/

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.

“Food For Thought”

God Bless the U.S.A.!

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

Semper Fi!

Jake

What’s wrong with this picture?

Posted on Israel National News-By Tzvi Ben Gedalyahu-On August 2, 2011:

“The Netanyahu government has confirmed it will accept renewed talks with Palestinian Authority Chairman Mahmoud Abbas, based on the 1949-1967 borders, if the PA scraps its initiative to ask the United Nations for recognition.

Renewed talks also are conditioned on Abbas’ recognizing Israel as a Jewish state, a statement he has said he never will make.

Prime Minister Binyamin Netanyahu told President Barack Obama at a White House meeting last May that returning to the temporary 1949 Armistice Lines, which were in effect until the Six-Day War in 1967, would force “indefensible borders” on Israel.

The president has since emphasized that talks “based on 1967 borders” means that there is room for negotiations on what land should be retained under Israeli sovereignty.

In an seeming concession to President Obama, the Prime Minister now is willing to meet with Abbas on condition that the Palestinian Authority withdraw his plan to go the United Nations.

However, in response to the report, the office of the Prime Minister stated, “There has been no change in government policy. The proposal for renewed talks is conditioned on Israel’s being defined as a Jewish state.”

The Arab League already has submitted a request to the United Nations for recognizing the Palestinian Authority, but there is deep division within the PA over the possibility that the tactic may leave them empty-handed.

The “peace process” has been dead for two years, if not longer, and is buried underground in the view of most analysts. The attempt to dig it up and resurrect it may be at the behest of United States, which has suffered a sharp decrease in its influence in the Arab world since President Obama’s failure to follow up with results on the ground after his “reaching out to Muslims” speech in Cairo two years ago.

An official United Nations discussion on recognizing the Palestinian Authority as an independent country would relegate the ”peace process” to an obituary in history books. It is not clear if Abbas would prefer that.

“Over the last few weeks there has been an ongoing attempt to restart the peace process to allow for the resumption of direct talks between Israel and the Palestinians,” a government official told the French news agency AFP. “The assumption is that if this process succeeds, the Palestinians will withdraw their proposal for unilateral action at the UN.”

He added that President Obama’s statements on the old borders of Israel not being written in stone “is the sort of language that we can live with.”

The United States has indicated, without a total commitment, that it will cast a veto in the United Nations Security Council, whose recommendation for recognizing a new state is needed before the General Assembly can vote on it.

That would leave the PA with having to settle for a non-binding resolution, based on its own political and territorial demands for all of Judea and Samaria as well eastern, northern and southern Jerusalem, commonly referred to East Jerusalem by mainstream media.

The government’s change of attitude towards the expression Obama used, confirmed by an unnamed official in foreign media, effectively forces Abbas to make the move in what has become a long and drawn-out diplomatic chess game.

Abbas has not responded to Netanyahu’s latest proposal to resume talks and formerly has stated that he would be willing to “negotiate” with Israel only after the Jewish state accepts all of its demands, which he said are non-negotiable. The ball is back in his court.”

Source:

http://www.israelnationalnews.com/News/News.aspx/146316#replies

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

I. Obama's Middle East Plan Weakens Israel!-Posted on NewsMax.com-By Michael Reagan-On July 15, 2011:

http://www.newsmax.com/Reagan/Obama-Christianity-Israel-PalestinianAuthority/2011/07/15/id/403688

II. Stop Obama’s Attack on Christianity!-Posted on The Patriot Update-By Michael Reagan-On July 16, 2011:

http://patriotupdate.com/articles/stop-obamas-attack-on-christianity

III. Israeli Ace Reporter: Social Protests Media Driven!-Posted on Israel National News-By Gavriel Queenann-On August 2, 2011:

http://www.israelnationalnews.com/News/News.aspx/146336#.TjnZ1WDSpMg

IV. Air Force Suspends Christian-Themed Ethics Training Program Over Bible Passages!-Posted on FoxNews.com-By Todd Starnes-On August 3, 2011:

http://www.foxnews.com/politics/2011/08/03/air-forces-suspends-christian-themed-ethics-training-program-over-bible/

V. Court rejects religious groups’ appeal of SDSU policy!-Posted on SigOnSanDiego.com-By Greg MoranOn August 2, 2011:

http://www.signonsandiego.com/news/2011/aug/02/court-rejects-religious-groups-appeal-of-sdsu/

VI. Obama Issues Statement Marking Ramadan, But No Easter Statement This Year!-Posted on CNSNews.com-By Penny Starr-On August 2, 2011:

http://www.cnsnews.com/news/article/obama-issues-statement-marking-ramadan-n

VII. Obama: Screw Easter, Happy Ramadan!-Posted on Floyd Reports-By Ben Johnson, The White House Watch-On August 1, 2011:

http://floydreports.com/obama-screw-easter-happy-ramadan/

VIII. European Politician Calls New Generation To Defend Christianity! -Posted on Business Directory-ByGeorge Vogt-On August 4, 2011:

http://www.dfwcatholic.org/european-politician-calls-new-generation-to-defend-christianity14067/.html

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

Is Israel the next Arab Facebook Campaign?

http://weroinnm.wordpress.com/2011/03/30/is-israel-the-next-arab-facebook-campaign/

Godfather of The Islamic Revolution!

http://weroinnm.wordpress.com/2011/02/11/godfather-of-the-islamic-revolution/

Faith of Our Forefathers!

http://weroinnm.wordpress.com/2010/05/09/faith-of-our-forefathers/

What Happened to Free Speech?

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

Does Europe have a future?

http://weroinnm.wordpress.com/2010/05/09/does-europe-have-a-future/

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/

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.

“Food For Thought” 

God Bless the U.S.A.!

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

Semper Fi!

Jake

EWTN To Air 'Interrupted Lives: Catholic Sisters Under European Communism'

"Interrupted Lives" is a one-hour documentary that explores the plight of Eastern-rite and Latin-rite Catholic Sisters under Soviet domination from the end of World War II to the Fall of the Berlin Wall in 1989. EWTN will air this important film at 10 p.m. ET, Friday, August 5.

Filmed on location in Ukraine, Lithuania, Romania, Slovakia, Hungary, and the United States, these sisters' lives offer powerful testimony of their deep faith and courage. Undeterred by the evil forces surrounding them, they continue to live their commitment to religious life.

These "Sister Survivors" tell about losing their convents, schools and hospitals almost overnight. Many endured imprisonment, exile to Siberia, forced farm and factory labor, and work in mental institutions. Large monasteries, and, in one country, a castle, became concentration convents where sisters from different congregations were housed.
Included in "Interrupted Lives" are interviews with "secret sisters:" those women who entered religious life during the communist period and lived out their vocations underground.

You will not want to miss this important documentary!

Go to http://www.ewtn.com/wings/2011/08042011Feature.htm to view a snippet of this documentary.

People born before 1946 were called The Silent Generation.

People born between 1946 and 1964 are called The Baby Boomers.

People born between 1965 and 1979 are called Generation X.

And people born between 1980 and 2010 are called Generation Y.

Why do we call the last group Generation Y?

Y should I get a job?

Y should I leave home and find my own place?

Y should I get a car when I can borrow yours?

...Y should I clean my room?

Y should I wash and iron my own clothes?

Y should I buy any food?

What’s wrong with this picture?

Posted on WND.com-By Aaron Klein-On August 3, 2011:

“It may be early in the campaign season, but the Communist Party USA already has seen fit to endorse Barack Obama for the 2012 election.

While noting he is disappointed with “some aspects” of the Obama administration’s domestic and foreign policy, Sam Webb, chairman of the Communist Party USA, threw his support behind Obama’s re-election bid.

In an article last week at People’s Weekly World, the official newspaper of the Communist Party USA, Webb discussed the need for a third party consisting of the so-called working class and labor as well as “racially and nationally oppressed people, women, youth, immigrants, seniors, gay and straight.”

Webb, however, recognized that such a party is not likely to emerge by next year.

“Millions who have to be at the core of this party still operate under the umbrella of the Democratic Party, albeit increasingly in an independent fashion,” he noted.

Webb said that for communists there are major differences between Democrats and Republicans. He urged his supported to continue to back the Democrats.

Wrote Webb: “Neither party is anti-capitalist, but they aren’t identical either. Differences exist at the levels of policy and social composition. And despite the many frustrations of the past two years, the election of Barack Obama was historic and gave space to struggle for a people’s agenda.”

He argued that to separate from the Democrats now “would be contrary to our strategic policy of building maximum unity against right-wing extremism now and in next year’s elections.”

Continued Webb: “We are keenly aware of the fact that the agenda of the far right is to bring this administration and country to its knees, with a heavy dose of racism, lies and economic sabotage, setting the stage for a full blown return to power of the most reactionary, racist, anti-labor, anti-women, homophobic and militarist grouping in U.S. politics.”

“We want no part of that,” wrote Webb. “We don’t have any illusions about the Democratic Party, but we don’t have any illusions about the Republican Party either.”

Webb concluded: “Furthermore, we are also aware of the undeniable fact that no other party besides the Democratic Party stands a chance of beating the GOP next year.”

Communist Party covers up support for Obama:

Last November, the Communist Party USA was caught scrubbing its website of references that stated it “actively supported” President Obama’s election, as WND reported.

An article posted on the party’s official website on Dec. 30, 2007, previously stated, “Our Party actively supported Obama during the primary election.”

The article was referring to Obama’s 2004 election to the Senate. It detailed how the African-American community and trade unionists played key roles in defeating the “ultra right.”

{…}

“This was also reflected in the historic election of Barack Obama. Our Party actively supported Obama during the primary election,” stated the article, a screen shot of which was captured by the New Zeal blog. The website has since been scrubbed of the reference to the Community Party USA aiding Obama, with the article now reading simply, “This was reflected in the historic election of Barack Obama.”

WND previously reported the official magazine of the Communist Party USA had lauded the important role of labor unions in electing Obama to the presidency in 2008.

The American Federation of Labor and Congress of Industrial Organizations, or AFL-CIO, sponsored a poll showing union members supported Obama by a 68-30 margin and strongly influenced their family members. According to the survey, Obama won among white men who are union members by 18 points. Union gun-owners backed Obama by 12 points, while union veterans voted for Obama by a 25-point margin. In the general population, Obama lost these groups by significant margins.

Political Affairs, the Community Party USA’s magazine, quoted AFL-CIO President John Sweeney, a longtime member of the Boston chapter of the Democrat Socialists for America, expressing hope labor unions can continue working with Obama.

“The election is just step one in delivering the change we need,” Sweeney said. “Working men and women are poised to keep the energy pumping to help the Obama administration lead the change we need. There will be no gap or letdown.”

The communist magazine said priorities for labor unions are “regulating Wall Street and restoring fairness to international trade,” as well as “health-care reform” to provide coverage to “nearly 50 million people without insurance and make medical care affordable for all.”

Communits map out Obama agenda:

Immediately following the November 2008 presidential election, WND reported the Communist Party USA mapped out policies crucial for Obama to push through in his first term, including a “single payer” socialist health-care system; lawsto make joining a labor union easier; raising the minimum wage and increasing labor union support.

In May 2009, WND reported the leader of the Communist Party USA declared that with Obama as president, health care and the economy can be “reformed,” U.S. troops can be evacuated from the Middle East, a second stimulus bill can be passed, the criminal justice system can be overhauled and union rights can be expanded.

“All these – and many other things – are within our reach now!” exclaimed Webb in a New York banquet speech for the People’s Weekly World, the official newspaper of the Communist Party USA.”

Source:

http://www.wnd.com/?pageId=329449

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

I. Valerie Jarrett, Her Father-in-Law and The Communist Party!

What’s wrong with this picture?

Posted on The New Media Journal-By Trevor Loudon-On June 8, 2011:

“Senior Obama adviser Valerie Jarrett’s late father-in-law and Chicago Sun-Times columnist Vernon Jarrett, was a key member of the South Chicago communist left of the late 1940s.

After graduating from Knoxville College in Tennessee, Jarrett moved to Chicago in 1946 to work as a journalist. On his first day on the job at the radical Chicago Defender, he was sent to cover a race riot.

The Defender was heavily influenced by the Communist Party USA and included on its roster well known Chicago Communist Party member Frank Marshall Davis.

Jarrett and Davis worked on the Defender around the same time. They certainly knew each other through the Communist Party and its fronts.

In June 1946, Vernon Jarrett was elected to the Illinois Council of the Communist Party’s youth wing, then known as American Youth for Democracy. This is according to Testimony of Walter S. Steele regarding Communist activities in the United States. Hearings before the Committee on Un-American Activities, House of Representatives, Eightieth Congress, first session, on H. R. 1884 and H. R. 2122, pages 75,76. It is the first hard evidence tying Vernon Jarrett directly to the Communist Party. Frank Marshall Davis, incidentally, was an official sponsor of American Youth for Democracy, along with confirmed communists Howard Fast, Langston Hughes, John Howard Lawson and Dirk Struik.

In April 1948, Frank Marshall Davis and Vernon Jarrett were working together as members of the publicity committee of the communist controlled Citizens’ Committee to Aid Packing-House Workers.

Besides Davis and Jarrett, communist officials of the strike committee included Oscar Brown (Treasurer) , Louise Patterson (Assistant Treasurer) and Ishmael Flory (food & groceries committee).

Later that year, Frank Marshall Davis left Chicago for Hawaii to work on the Honolulu Record, then edited and run by Communist Party member Koji Ariyoshi.

A member of the “Dixie Mission” to Yenan, the HQ of the Chinese communist forces in the 1940s, Ariyoshi spent nearly two years in China as an officer of an all-Nisei psychological warfare unit. The unit’s job was to direct propaganda against the Japanese civilians and troops in China at the time.

Immediately after the war, Ariyoshi worked New York City with accused “Amerasia” spy John S. Service and Ed Rohrbough – who would become business manager of the Honolulu Record, in an effort to steer U.S. policy towards the Chinese Communists and against the Nationalists.

Ariyoshi also worked the Committee for a Democratic Far Eastern Policy, whose board included two people later arrested during the famous “Amerasia” spy case, “Amerasia editors Philip J. Jaffe and Kate L. Mitchell.

Frank Marshall Davis was an active member of the Communist Party in Hawaii, even after it went formally underground in 1950, when he assumed chairmanship of a tiny cell known as Group #10. Later Davis joined in the infiltration of the Hawaii Democratic Party, serving in 1950, as Assistant Secretary and Delegate to the Territorial Democratic Convention in his Precinct Club – Third Precinct of the Fifth District.

Davis was also later observed by the FBI on several occasions photographing remote shorelines and beachfronts, possibly for intelligence purposes. The FBI continued to monitor Davis into the 1960s and he was placed on the“Security Index.” This meant Davis was marked for immediate arrest should war break out between the U.S. and the Soviet Union.

While the Communist Party in Hawaii faded into the Democratic party and the International Longshore Workers Union, there is no evidence that Frank Marshall Davis ever stopped being a communist. As late as 1973, three years after Davis met and began mentoring the 10 year old Barack Obama, he was still listed as an endorser of one of the party’s oldest fronts, the Committee for Protection of Foreign Born.

Also in 1948, Vernon Jarrett left his job as journalist at the Chicago Defender to start a black oriented radio show“Negro Newsfront” with comrade Oscar Brown. He also went on to become the Chicago Tribune’s first black syndicated columnist and was a founder of the leftist National Association of Black Journalists.

Continue reading this article”

Source:

http://newmediajournal.us/indx.php/item/1792

II. President’s socialist takeover must be stopped!-Posted on The Washington Times-By Jeffrey T. Kuhner, The Washington Times-On July 22, 2011:

http://www.washingtontimes.com/news/2010/jul/22/the-case-for-impeachment-142967590/

III. Obama Mum on Details From Secret AFL-CIO Meeting!-Posted on The Daily Caller-By Matthew Boyle, The Daily Caller-On August 3, 2011:

http://dailycaller.com/2011/08/03/obama-scant-on-details-from-secret-afl-cio-meeting-critics-bill-it-up-to-more-union-favoritism-from-wh/

IV. National Education Association gives President Obama an early endorsement!-Posted on The Chicago Tribune-By Tara Malone, Tribune reporter-On July 5, 2011:

http://www.chicagotribune.com/news/education/ct-met-nea-endorsement-vote-20110705,0,612955.story

V. Left preparing street chaos, class warfare!-Posted on WND.com-By Bob Unruh-On August 1, 2011:

http://www.wnd.com/?pageId=328817

VI. Forecast for U.S. cities: Confrontation, chaos? Unions, radicals plot to counter 'right-wing threats' to 'Middle Class'-Posted on WND.com-By Aaron Klein-On June 9, 2011:

http://www.wnd.com/index.php?fa=PAGE.view&pageId=309345

VII. Radical Who Resigned in Disgrace Now Welcome on Capitol Hill!-Posted on WND.com-By Aaron Klein-On July 6, 2011:

http://www.wnd.com/?pageId=319397

VIII. Biden Spews Communist Rhetoric at Union Rally!-Posted on GodFather Politics-By DOMINIC-On July 4, 2011:

http://godfatherpolitics.com/155/biden-spews-communist-rhetoric-at-union-rally/

IX. Video: Debt Deal, Terrorists & Hobbits, Matt Damon Sucks!-Posted on The Patriot Update-On August 4, 2011:

Note: The following articles and/or blog posts and videos reveal Leon Panetta’s Communist ties-You Decide:

Top spy points finger at Panetta friend!-Posted on America’s Surival-By Wes Vernon-On June 20, 2011:

http://www.usasurvival.org/ck06.20.2011.html

Media Blackout: CIA director accused of links to Communist spy contact—scandal ignored!-Posted on RenewAmerica-By Wes Vernon-On June 13, 2011:

http://www.renewamerica.com/columns/vernon/110613?utm_source=getresponse&utm_medium=email&utm_campaign=asinews&utm_content=%5BASI%5D+Is+the+Panetta+Scandal+the+Next+Alger+Hiss+Case%3F

Leon Panetta Praises Communist Party USA Member!-Posted on America’s Survival-By Cliff Kincaid-On June 13, 2011:

http://www.usasurvival.org/ck06.13.2011.html?utm_source=getresponse&utm_medium=email&utm_campaign=asinews&utm_content=%5BASI%5D+Leon+Panetta+praises+identified+Communist+Party

Obama’s CIA Director Linked to Spies Through Communist Party Figure!-Posted on TrevorLoudon.com-By Trevor-On June 8, 2011:

http://trevorloudon.com/2011/06/panetta-hearing-for-secdef-on-thursday-obama’s-cia-director-linked-to-spies-through-communist-party-figure/

Leon Panetta’s U.S. Senator Armed Services Committee Confirmation Hearing On June 9, 2011:

http://armed-services.senate.gov/Webcasts/2011/06%20June/06-09-11%20Webcast.html

Note: The following is a video discussion between Cliff Kincaid, President of America’s Survival and Trevor Loudon, an investigative blogger from New Zealand:

http://www.usasurvival.org/loudon.video.html

The above video contains a one-hour discussion between Cliff Kincaid and New Zealand investigative blogger Trevor Loudon, who broke communist influence scandals involving Barack Obama and his inner circle. Trevor talks with Mr. Kincaid about the following topics:

• Obama’s communist mentor Frank Marshall Davis.
• Ousted White House “green jobs” czar Van Jones.
• The role of White House adviser Valerie Jarrett in hiring Jones.
• How Obama, Jones and White House director of political affairs Patrick Gaspard, a former official of the Service Employees International Union, came to the White House out of the same communist networks.
• The role of the George Soros-funded Center for American Progress as a “shadow government” in supplying Marxist radicals to the Obama Administration.
• The failure of the Obama Justice Department to prosecute the Weather Underground terrorists who murdered San Francisco Police Sergeant Brian V. McDonnell.
• The Justice Department decision to promote the “medical marijuana” scam, and the role of dangerous mind-altering drugs in controlling people.
• The role of a communist, Harry Hay, in founding the modern “gay rights” movement.
• The Obama appointment of Harry Hay supporter, Kevin Jennings, to a high post in the federal Department of Education.

Note: The following videos and reports reveal Barack Obama's communist, marxist, influences including his family, friends and associates:

Leftist "Historian" Howard Zinn Lied About Red Ties-Posted on Posted on USASurvival.org-By Cliff Kincaid-On July 30, 2010:

http://www.usasurvival.org/ck07.30.10-2.html

Video of ASI "Communism in the Classroom" Conference; Learn how Communist Professors Like Bill Ayers Are Brainwashing College Students. Speakers include Paul Kengor, Mary Grabar, and Cliff Kincaid-Posted on USASurvival.org:

http://www.usasurvival.org/communist-n-classrm.html

Communism in Chicago and the Obama Connection-Report Posted on USASurvival.org-By Cliff Kincaid, President of America’s Survival, Inc.:

http://www.usasurvival.org/docs/chicago-obama.pdf

Video: Barack Ocommie - Obama's Communist Marxist Influences-Posted on YouTube-By DistressedPatriot-On November 2, 2008:

https://www.youtube.com/watch?v=zIxILQaZwUI&feature=email

If you are curious about more Obama facts not reported by the mainstream media visit the Obama file at:   

http://www.theobamafile.com/

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

Communism in Hawaii and the Obama Connection!

http://weroinnm.wordpress.com/2009/11/19/communism-in-hawaii-and-the-obama-connection/

Oba-mao: “The Chinese See The Resemblance”

http://weroinnm.wordpress.com/2009/11/17/oba-mao-“the-chinese-see-the-resemblance”/

Is President Obama inciting riots across the US?

http://weroinnm.wordpress.com/2011/02/23/is-president-obama-inciting-riots-across-the-us/

What we haven’t been told about the President’s background!

http://weroinnm.wordpress.com/2010/05/03/what-we-haven’t-been-told-about-the-president’s-background/

Progressive group maps out President Obama’s strategy for next 2 years!

http://weroinnm.wordpress.com/2010/11/19/progressive-group-maps-out-president-obama’s-strategy-for-next-2-years/

The Midterm Elections and the Communist Manifesto!

http://weroinnm.wordpress.com/2010/10/08/the-midterm-elections-and-the-communist-manifesto/

Progressives and Communists Are Out of the Closet Together!

http://weroinnm.wordpress.com/2010/10/05/progressives-and-communists-are-out-of-the-closet-together/

Who is sponsoring the NAACP’s ‘One Nation Working Together’ rally?

http://weroinnm.wordpress.com/2010/09/28/who-is-sponsoring-the-naacp’s-‘one-nation-working-together’-rally/

The Audacity of Socialism:

http://weroinnm.wordpress.com/2010/04/28/the-audacity-of-socialism/

The Reason for the Treason!

http://weroinnm.wordpress.com/2010/03/22/the-reason-for-the-treason/

Obama Czar’s Shocking Communist Connections!

http://weroinnm.wordpress.com/2010/03/04/obama-czars-shocking-communist-connections/

Revolutionary Communist Party!

http://weroinnm.wordpress.com/2009/05/07/revolutionary-communist-party/

Confucius Classrooms in the U.S.!

http://weroinnm.wordpress.com/2010/05/25/confucius-classrooms-in-the-u-s/

Social Studies Teachers Share Strategies on How to Mold Students!

http://weroinnm.wordpress.com/2010/02/23/social-studies-teachers-share-strategies-on-how-to-mold-students/

The Strange Case of Kevin Jennings!

http://weroinnm.wordpress.com/2010/01/12/the-strange-case-of-kevin-jennings/

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/

The Russian View of What Has Been Happening In America!

http://weroinnm.wordpress.com/2010/04/22/the-russian-view-of-what-has-been-happening-in-america-2/

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.

“Food For Thought”

God Bless the U.S.A.!

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

Semper Fi!

Jake

Leftist theorist Peter Dreier penned a little known article entitled, “The Case for Transitional Reform” (Social Policy, January/February 1979, pp. 5-16), which called for an exponential and unsustainable increase in entitlements that would then collapse the economy, setting up a revolt among the people, thus allowing for an elite to usher in a socialistic paradise. Lo and behold, Obama and Dreier cross paths at Occidental College; lo and behold, Dreier rides on his white horse as the Obama campaign’s “urban policy task force,” and Obama just happens to usher in the largest increase in entitlements in U.S. history (i.e., Obamacare). And lo and behold the U.S. economy is teetering on the brink of economic disaster with its unsustainable debt.

In regards to my previous blog entry, which contained a possible criminal complaint against Obama and Eric Holder relating to the murder of Border Patrol agent Brian Terry, I want to follow this up with a second criminal complaint against both Obama and Dreier, in that a call to collapse the economy  is equivalent to a call to topple the government, and therefore a treasonous offense. 

Bloomberg) - China, the largest foreign investor in U.S. government securities, joined Russia in criticizing American policy makers for failing to ensure borrowing is reined in after a stopgap deal to raise the nation’s debt limit.

People’s Bank of China Governor Zhou Xiaochuan said China’s central bank will monitor U.S. efforts to tackle its debt, and state-run Xinhua News Agency blasted what it called the “madcap” brinksmanship of American lawmakers. Russian Prime Minister Vladimir Putin said two days ago that the U.S. is in a way “leeching on the world economy.”

-------------------------------------------------------------------------------------

What a joke!  The Chinese are headed for the biggest economic bubble burst of all time and the Russian Communists nearly destroyed their country and had to borrow money from the West over and over again.  According to the Communists leeching is worse than the millions of Russian people used for canon fodder by Stalin and his Communist lackeys during WWII. The dollar might not be in the best shape but it is in much better shape than their currency. 

For many years the President in the White House has been affilated with the Council on Foreign Affairs (CFR) and the Trilateral Commission (TC).  It has been said that every Presidential candidate in both parties has been approved and placed in that Presidential election by the CFR.  So that the CFR does not care who you vote for because each candidate is their guy.  Every President who has occupied the White House has been surrounded by CFR and TC people who have advised and directed his decisions and actions.  Vote for Tweedle-dee or Tweedle-dum since it does not matter to these organizations.  Some call the CFR the Shadow Government who is really guiding and running the US for many years.  The question one has to ask oneself is if that journey has been a good one and are we moving in the right direction?  Or are we heading down the tubes, especially the middle class?  The results of the past 30 years speak for themselves:  more and more debt, more and more wars, less and less freedom, more and more government!!!  Debt that continures to grow, wars that can never be won or kept out of, continuous erosion of our freedoms fought for and won at a great expense by our Founding Fathers.  And a government that does not seem to be able to get out of our way so that we can be free to do those things which we ought to do as understood and well defined over hundreds of years by our great and fantastic Western Christian Civilization.  Citizens of the U.S. need to put the beer away, turn off the TV and get involved in finding out what is going on with their government.  After all it is a government of the people, by the people and for the people.....OR IS IT?  If we are not involved, if we do not understand what is happening with our tax dollars, with our defense, with our freedom and our government then as the saying goes:  "We deserve the government we get."  Citizenship is an awesome responsibility and it requires our interest and attention each and every day.  We need to ask the question: What are they doing with our country?  And then we need to find out!  Most of all we need to understand how our monetary system works because that is the core and source of our problems.  We need to understand how money flows in the USA...where it comes from .....where it goes .....and who are the people orchestrating the process.  We need to understand how the Federal Reserve functions in our country and if the Federal Reserve is performing the tasks laid out in its Charter or are they doing other things other than what is defined in their Charter.  We need to know!  It is our responsibility to find out what is really going on!!!!!

WAKE UP AMERICA BEFORE IT IS TOO LATE!

THE AMERICAN PEOPLE ARE BEING RAPED, THAT IS IN THE PLAN ! WE NEED TO PIN DOWN JUST WHO IS DOING IT AND STOP THEM

BY LAW OR OTHER MEANS AT OUR DISPOSABLE ! BESIDES VOTE !! BEFORE IT IS TO LATE.

KZ Video

August 3, 2011

U.S. Department of Justice
950 Pennsylvania Avenue, NW
Washington, DC 20530 (U.S. Certified Letter)

U.S. DEPARTMENT OF JUSTICE,

CRIMINAL COMPLAINT FOR:

Attorney General Eric Himpton Holder, Jr., and

United States President Barack Hussein Obama, 

aka Barack Hussein Obama, Jr., 

aka Barack Hussein Obama II, 

aka Barry Soetoro

Violation of U.S.C. § 1117. Conspiracy to murder

SUMMARY:

On December 14, 2010 Border Patrol agent Brian Terry, in the course of his duties,  was shot with an AK-47 assault rifle near Rio Pico, Arizona, by an individual attempting to bring illegal aliens into the United States. On December 15, 2010, Brian Terry died as a result of his wounds.

The above-referenced AK-47 was traced to the United States Government, specifically to a federal program referred to as Project Gunrunner, but also colloquially referred to as Operation Fast and Furious. The goal of the program was to sell both assault rifles and handguns to “straw buyers,” and, through various intermediaries, deliver these weapons to Mexican drug cartels; along the way, the weapons would be “traced, to their ultimate destination, and, with the cooperation between United States and Mexican entities, Mexican cartel members would be apprehended.  But in fact no known cases exist in which the weapons were followed to their ultimate destinations. Given the fact that there was no apparatus to trace the weapons to Mexican drug cartels either through visual or electronic tracking, through an eventual playing out of events, a murder of a United States citizen, one Brian A. Terry, border patrol agent and United States Marine veteran, using the above-referenced AK-47, occurred. Additionally, though not part of this complaint, as this relates to international law, the number of Mexican citizens murdered or wounded with Project Gunrunner-supplied weapons numbers in the thousands.

BASIS FOR CRIMINAL COMPLAINT:

Per U.S. C. § 1117. Conspiracy to murder:

If two or more persons conspire to violate section 1111, 1114, 1116, or 1119 of this title, and one or more of such persons do any overt act to effect the object of the conspiracy, each shall be punished by imprisonment for any term of years or for life.

—in that one U.S. Attorney General Eric Himpton Holder, Jr., and one President Barack Hussein Obama, did conspire to murder one Brian A. Terry.

FACTS SUPPORTING COMPLAINT:

On February 17, 2009 President Barack Hussein Obama signed his much-touted “Stimulus Bill,” which specifically funds Project Gunrunner by name:

For an additional amount for ‘‘State and Local Law Enforcement Assistance’’, $40,000,000, for competitive grants to provide assistance and equipment to local law enforcement along the Southern border and in High-Intensity Drug Trafficking Areas to combat criminal narcotics activity stemming from the Southern border, of which $10,000,000 shall be transferred to ‘‘Bureau of Alcohol, Tobacco, Firearms and Explosives, Salaries and Expenses’’ for the ATF Project Gunrunner. (Page 16, American Recovery and Reinvestment Act, aka Stimulus Bill).

Though the Stimulus Bill, funding the Project Gunrunner program in the amount of $10,000,000, does not specifically mention the supposed “tracing” operation, on March 24, 2009, Deputy Attorney General David Ogden, in a press conference, specifically refers to this “tracing” operation: 

(see https://www.youtube.com/watch?v=-PNhYk9NuNc&feature=player_embedded )

—And thus it follows that both Attorney General Eric Himpton Holder, Jr., and President Barack Hussein Obama knew about the “tracing” function of the program, or rather lack thereof. As has been reported in various news organizations, the “tracing” either resulted in no attempt to follow the movement of the sold guns, or simply a following to the Mexican border. That $10,000,000 would be appropriated simply to create a database with gun descriptions and serial numbers, and to have those guns sold to “straw buyers,” begs logic. What the purpose of the program was remains to be seen, and is currently being investigated by U.S. Rep. Darrell Issa and U.S. Sen. Charles Grassley. 

Regardless, through a conspiracy of President Barack Hussein Obama and Attorney General Eric Himpton Holder, Jr., one Brian A. Terry was murdered, and therefore a violation of U.S.C. § 1117 Conspiracy to murder has occurred.

IMPEACHMENT OF PRESIDENT BARACK HUSSEIN OBAMA PRIOR TO CHARGE OF VIOLATION OF U.S.C. § 1117 Conspiracy to murder:

Given the fact that the United States Constitution does not allow for criminal charges to be filed against a sitting Unites States President until after he is removed from office:

Judgment in Cases of Impeachments shall not extend further than to removal from Office, and disqualification to hold and enjoy any Office of honor, Trust, or Profit under the United States, but the Party convicted shall nevertheless be liable and subject to Indictment, Trial, Judgment, and Punishment, according to Law. (U.S. Constitution, Article I Section 3)

—It is necessary to remove President Barack Hussein Obama through impeachment prior to the charges under U.S.C. § 1117 being filed:

The President, Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors (U.S. Constitution, Article II Section 4)

Given the fact that a United States citizen and United States Marine has been murdered, it is vital that proceedings against the above-named individuals be forthcoming immediately. 

END OF CRIMINAL COMPLAINT

Sincerely, Kris Zane

Psalm 109:8

Let his days be few and brief; and let others step forward to replace him.

Posted on American Thinker-By Steve McCann-On August 1, 2011:

“There comes a time and a point in history which indelibly define a President.  Oftentimes the event may not be of major import in the greater scheme of things but the management of it is of such prominence that the success or failure in the handling of the issue is permanently attached to the individual.  Such a moment has happened to Barack Obama. 

His incompetence, inability to lead, prevarications, petulance and immaturity in the debt ceiling crisis have indelibly created an image of abject failure in the minds of a critical mass of people in the United States and around the globe.  He will never be able to overcome the portrait that has been etched in too many minds.

Barack Obama’s only interest in the debt ceiling debate was to raise the borrowing limit sufficiently to get by the next election, and as a cudgel to denigrate the Republicans.  His concern was not for the American people and the impact of overwhelming national debt, nor an impending and inevitable credit downgrade.  Rather, he was determined that raising the debt ceiling would not become an issue during the presidential campaign.  Thus, spending cuts created out of whole cloth, combined with tax increases aimed at stoking the embers of class envy, were bandied about by his party in order to justify an increase in the debt ceiling of $2.4 Trillion.

The destruction wrought by the nearly $5.5 Trillion (more than a third of the total debt of a nation 222 years old) he will have added to the nation’s balance sheet by the end of his term was immaterial, thus no detailed plan was forthcoming from the White House, and no lie or accusation aimed at the opposition was too absurd to tell.  The only matter of importance was his re-election; the long-term health of the country be damned.

With this lasted chapter of Obama cynicism he has gone a bridge too far; and that bridge has collapsed behind him. 

Little does Barack Obama understand that he has forever branded himself as an incompetent and failure.  His narcissism and lifelong history of receiving public adulation will not allow him to comprehend the damage.  He does not understand that now few will listen to his speeches, no matter how well delivered; that few will believe what he is saying, as he has lied and obfuscated the facts so often. 

Many world leaders have already arrived at the conclusion that Barack Obama is a leader that cannot be trusted, the citizens of the United States are beginning to understand that he is a man without a core set of principles thus incapable of guiding the ship of state.

The media, increasingly realizing their culpability in the nation’s current state of affairs, has begun to ask more penetrating questions and grudgingly question Obama’s fitness for office.  Columnists once infatuated with his ability to deliver a speech and skin color have finally begun to admit their error.  The Left has become more open in their criticism, as they now understand that the hero upon whom they vested so much hope is a hollow shell.

The Obama Presidency is over.  He has abdicated all responsibility to the Congress, in particular the House of Representatives, which has little choice but to assume a role they are not structured to do: lead the country as best they can until November 2012.  The American people, suffering under the burden of high joblessness, eroding housing values, inflation and dramatically declining economic growth with no prospect of any immediate relief, are increasingly resigned to the fact that they must focus on surviving as best they can until the election.

Within the term of a president there comes a time and an issue or crisis that define his presidency.  Barack Obama has had his and failed.  The debt ceiling will be raised because the nation’s obligations demand it.   This was never an issue of whether to raise the ceiling, but rather how and what brakes will be applied to the incessant growth of unsustainable spending, in order to sustain the nation’s AAA rating and insure a future for succeeding generations. 

Barack Obama, because at his core he is self-absorbed, dishonest and without coherence in his personal beliefs, was incapable of understanding the importance of this moment to lead in the debate over raising the debt limit and its impact on a nation facing financial and societal bankruptcy.   

The die is now cast.  He has made permanent in the minds of a majority of American people the image of a man incapable of being President.  There is nothing he can do in the remaining 16 months before the election, particularly as the United States is clearly headed into another severe economic downturn, to change that perception.”

Source: 

http://www.americanthinker.com/2011/08/obamas_failed_presidency.html

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

I. 10 signs the double-dip recession has begun!

What’s wrong with this picture?

Posted on MSNBC.com-By Douglas A. McIntyre-On July 31, 2011:

“Friday’s news on GDP shows the double dip has arrived — an expansion of only 1.3 percent and consumer spending up 0.1 percent in the second quarter. Astonishingly low by any account. The debt ceiling trouble and lack of a longer term resolution to the deficit will make it worse.

The U.S. has entered a second recession. It may not be as bad as the first. Economists say that the Great Recession began in December 2007 and lasted until July 2009. That may be the way that the economy was seen through the eyes of experts, but many Americans do not believe that the 2008-2009 downturn ever ended. A Gallup poll released in April found that 29 percent of those queried thought the economy was in a “depression” and 26 percent said that the original recession had persisted into 2011.

It is any wonder that many Americans believe that the economic downturn is still in progress? Home prices have fallen to 2002 levels. Values have dropped nearly 50 percent in parts of Florida, California, Nevada and Arizona. Property values are also down that much in parts of troubled big cities like Detroit. Estimates are that as many as 11 million homes have underwater mortgages. Banks have inventories of as many as 2 million foreclosed homes, which have not even been released to the market. Home prices could fall another 10 percent if current trends persist.

Perhaps the most powerful argument that the recession never ended or that a new one has begun is the persistence of unemployment. Fourteen million people are out of work. A third of those have been jobless for more than a year. May employment data showed the jobless rate rose unexpectedly and that the economy added only 58,000 jobs. Experts believe that the unemployment rate will not improve significantly until the monthly gain in jobs is consistently 300,000 jobs or more. And, at that rate the gains would have to go one for more than two years to bring the economy back to what is traditionally considered a reasonable unemployment figure.

There are several signs that a recession is firmly in place again and that the downturn could last for several quarters. Most are already easy for the average American to see.

1. Inflation 
There is almost nothing that damages consumer confidence as badly as a rapid rise in prices. Starbucks recently increased the price of a bag of coffee by 17 percent because wholesale prices have risen by almost twice that rate in the last year. Cotton prices nearly doubled in 2010 but have fallen this year. But, apparel is made months in advance of when they reach store shelves. Summer clothing prices are up as much as 20 percent. That may change in the fall, but for the time being, the consumer’s ability to buy even the most basic clothing has been undermined. Consumers today pay more for sugar, meat, and corn-based products as well.

2. Investments have begun to yield less 
Part of the recovery was driven by the stock market surge which began when the DJIA bottomed below 7,000 in March 2009. The index has risen above 12,000 and the prices of many stocks have doubled from their lows. As result, American household nest eggs that were decimated by the collapse of the market have rebounded and enabled people to splurge on themselves. However, the market has stumbled in the last quarter. The DJIA is up only 1 percent during the last three months and the S&P 500 is down slightly.

Americans, though, have few other places to put their money. Ten-year Treasuries yield about 3 percent. Gold was a good investment over the last year, but it has begun to falter as well. The market may not be a friend to investors for quite some time.

3. The auto industry 
The auto industry has staged an impressive comeback, although its profitability is based as much on the layoffs it has made over the last five years as generating new sales. GM and Chrysler have emerged from bankruptcy. Year-over-year monthly sales improved late last year and through April. May sales stalled. GM’s revenue dropped by 1 percent compared to May of 2010. Ford’s sales were down about as much. There are many reasons for this trend including high gas prices and the constrained manufacturing capacity of the Japanese automakers because of the earthquake. Consumers also may be deferring big purchases because they are worried about their economic prospects. Slow car sales are not just a sign of lagging consumer confidence. They also may be a harbinger of tougher times ahead. These companies shed several hundreds thousand jobs before and during the last recession. Car firms have only just begun to hire again, but that trend will die with a plateau in sales.

4. Oil prices 
Oil prices are supposed to drop as the economy slows as they did in 2008 and early 2009 when crude fell from over $140 to under $50. That drop at least allowed consumers and businesses like airlines to more easily afford fuel. Recently, crude has moved back above $100 and appears to be stuck there regardless of the economic situation. American budgets have been hurt by the rising cost of gas. Americans of more modest means have been particularly affected. A slowdown in driving usually also leads to a decline in the retail sector as consumers reduce unnecessary travel to stores. The impact on other businesses is just as great. Airlines suffer and so do firms which rely on petrochemicals. OPEC, for now, has signaled it will not increase production.

5. The federal budget 
The federal budget deficit has decimated any chance for another economic stimulus package which many prominent economists like Nobel Prize-winner Paul Krugman say is essential to create a full recovery. His theory has become more of an issue as GDP growth slows to a rate of 2 percent. The first $787 billion Obama stimulus package may have saved some American jobs, but it is long over and did not work if a drop in unemployment and a sharp improvement in GDP were its primary goals. The deficit has caused a call for severe austerity measures which have already become part of the economics policies of countries from Greece to the U.K. to Japan. Job cuts in the U.S. will not be restricted to the federal level. A recent UBS Investment Research analysis predicted that state and local governments will cut 450,000 jobs this year and next. That process is already well underway. States like California and New York currently run massive deficits and the rates they must pay on bonds has risen accordingly. Newspaper headlines almost daily report on battles between state unions and governors over employment and benefits.

6. China economy slows 
A slowdown in the Chinese economy is usually seen as a cause of global commodity price inflation, but the effects cut two ways. China’s appetite for energy and raw materials may fall. But, the demand for goods and services by its very large and growing middle class drops as well. Chinese purchaser manufacturing and export numbers have fallen as the central government has tightened the ability to borrow money. US exports to China are key to the health of many American businesses. John Frisbie, the president of The US-China Business Council, recently said, “Over the last decade we have seen exports to China rise from $16.2 billion to $91.9 billion — a 468 percent increase.” As that rate slows, it has a profound effect on tens of thousands of American companies and their employees. U.S. firms with large operations in China are also effected. GM is one of the two largest car firms in China along with VW. Large U.S. corporations like Wal-mart and Yum! Brands rely significantly on China to boost global sales. Without vibrant consumer spending in China, American companies will suffer.

7. Unemployment 
Unemployment creates two immediate problems. People without jobs drastically curtail their spending, which will ultimately affect GDP growth. The second is the need for tens of billions of dollars every year in government aid to keep the unemployed from becoming destitute. That support has increased deficits and the domino effect is that cash-strapped governments need to make more spending cuts. It may be the biggest challenge the economy faces.

Unemployment has worsened because people over 65 to continue to work because the values of their homes — which they once counted on as the financial basis of their retirements — have dropped so sharply. Older Americans also fear that cuts in Medicare and perhaps Social Security are inevitable which increases the cost of their golden years. The jobs that older Americans have taken are often ones that younger Americans might have. People in their 20s must accept low wages to enter the workforce. This has delayed their prime consuming years well into their 30s which will damage GDP recovery now and for another decade.

The worst of the unemployment problem is the roughly 5 million Americans who have been unemployed for over a year. Their unemployment benefits have run out in many cases. The burden of their care falls to their families, friends, community organizations and non-profits. A family which has to support an unemployed person may be a family which cannot spend beyond its basic needs. To the extent that the federal or state governments can support the unemployed, the cost to run support programs increases.

8. Debt ceiling 
The United States debt ceiling, currently at $14.294 trillion, will probably be raised before the government has to cut back essential services on Aug. 2. It might seem that the economic and employment effects of the debt cap are the same as the deficit, but they are actually more insidious and longer term. The first by-product of debt reduction, or at least a slowdown in its growth, is a combination of higher taxes and a lower level of government services. Higher taxes usually slow economic improvements, particularly when they are not coupled with stimulus measures.

A number of economists have pointed out the expense reduction alone will not sharply improve the United States balance sheet. The increase in Medicare and Social Securities costs, brought on by an aging population, are also likely to trigger a need for higher taxes. Tax increases could keep the economic growth of the US on hold for years. The taxation of companies decreases and often eliminates profits, particularly during an already troubled economic period. Profits which disappear usually cause cuts in purchasing and jobs. Taxes on wages and inheritance undermines consumer spending. And, a growth in national debt from already all-time highs will increase the borrowing costs of the U.S. That, in turn, drives up interest rates for everything from mortgages to credit cards.

9. Access To credit 
The lack of access to credit has hurt the economic activity or both individuals and small businesses. Many very large companies can borrow money at rates as low as 2 percent because of their strong cash flows and balance sheets. Banks have been much less willing to loan money to companies with under 100 workers because these firms often rely on a few customers for revenue and usually have very little money on hand.

Early in June, the House Small Business Committee held hearings and among its findings were that concerns about risk and a slow economy has made financial institutions reluctant to lend to small businesses, the main driver of economic growth. Committee Chairman Sam Graves (R-Mo.) said Congress will need to “bridge the gap” between the two sides. There is no plan to accomplish that. Individual borrowers find themselves in a similar position. The cost of credit cards debt is still above 20 percent in many cases although the Federal Reserve loans money to large financial firms for interest rates close to zero.

Potential home buyers, who might help break the gridlock of slow house sales, often find that banks want down payments as high as 20 percent. The median down payment in nine major U.S. cities rose to 22 percent last year on properties purchased through conventional mortgages, according to an analysis done for The Wall Street Journal by real-estate portal Zillow.com. That percentage doubled in three years and represents the highest median down payment since the data were first tracked in 1997. Homes which are not sold often put such great burdens on owners that they are barely consumers of the goods and services that drive GDP. Home builders have continued to struggle. Construction jobs, which were a huge amount of the employment base in states like Florida, have not returned.

10. Housing 
Housing is considered by many economists to be the single largest drag on the American economy, and the housing market has gotten much worse in the last two months. A report from The New York Federal Reserve published early this year said: “When home prices began to fall in 2007, owners’ equity in household real estate began to fall rapidly from almost $13.5 trillion in 1Q 2006 to a little under $5.3 trillion in 1Q 2009, a decline in total home equity of over 60 percent.”

Real estate research firm Zillow reported on more recent developments. “Negative equity in the first quarter reached new highs with 28.4 percent of all single-family homes with mortgages underwater, from 27 percent in Q4.” Many homeowners who want to sell their homes cannot do so because they cannot afford to pay their banks at closing. Whether for good or ill, the American home was the primary source for money used for retirements, college educations and the purchases of many expensive items such as cars.

Economists point out the this leverage helped contribute to the credit crisis as people could not cover the costs of home equity loans as real estate values collapsed. This may be true, but the drop in value happened so quickly that the balance sheets of millions of Americans were destroyed. Their ability to consume was severely damaged, further harming GDP. High mortgage payments bankrupted or nearly bankrupted people who have lost jobs or have found that their incomes had stagnated. The building industry became a shambles overnight. And, whatever the effects have been over the last three years, they are getting progressively worse as home values drop to decade lows. There is no relief in sight because potential buyers worry that price erosion has not ended.”

Continue Reading:

http://www.msnbc.msn.com/id/43946055/ns/business-us_business/

II. $2.4 Trillion Would Be Largest Debt-Limit Increase in U.S. History!-Posted on CNSNews.com-By Terence P. Jeffrey-On August 1, 2011:

http://www.cnsnews.com/news/article/24-trillion-would-be-largest-debt-limit

III. Why I Opposed the Debt Limit Increase!-Posted on ExposeObama.com-By Rep. Tom McClintock, R-CA-On August 2, 2011:

http://www.exposeobama.com/2011/08/02/why-i-opposed-the-debt-limit-increase/?utm_source=Expose+Obama&utm_campaign=ad8e4eaab0-EO_08_02_20118_2_2011&utm_medium=email

IV. Biden Says You are a ‘Terrorist’!-Posted on Godfather Politics-By THE GODFATHER-On August 1, 2011:

http://godfatherpolitics.com/347/biden-says-you-are-a-terrorist/

V. Lead Obama Not Into Temptation!-Posted on The Patriot Update-By Chuck Norris-On August 2, 2011:

http://patriotupdate.com/articles/lead-obama-not-into-temptation

VI. What’s Really “Unprecedented” in Obama-Soetoro’s America!-Posted on Floyd Reports-By Michael Oberndorf-On August 1, 2011:

http://floydreports.com/whats-really-unprecedented-in-obama-soetoros-america/

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

Are we witnessing an absence of inspirational leadership or lack of leadership skills?

http://weroinnm.wordpress.com/2010/05/10/are-we-witnessing-an-absence-of-inspirational-leadership-or-lack-of-leadership-skills/

Is Obama and The American Public on Different Pages, if not Different Books?

http://weroinnm.wordpress.com/2010/01/15/is-obama-and-the-american-public-on-different-pages-if-not-different-books/

Does President Obama Suffer From NPD?

http://weroinnm.wordpress.com/2009/05/27/does-president-obama-suffer-from-npd/

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/

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.

“Food For Thought” 

God Bless the U.S.A.!

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

Semper Fi!

Jake

We need to start now in getting new tea party members to run for Congress. We need people to run against everyone that voted for this very bad bill. Let show congress that we want our country back.

Let's start with every primary and with both parties. Let't made the people that are holding the seats now, pay and pay at each stage of the election trail.

Declare Freedom Must be Taken Back

I exhort all Patriots who believe in Freedom, Honor and Country, advance the right of the people through their state legislatures to apply for and call a Constitutional Amendment Convention under Article V of our Constitution.

History has shown that government isolated from the people, turns to corruptionand deceit in a quest for more power and wealth.  This situation is evident in Washington D.C. ,  declaring ‘the general welfare’ tyrants have stolen our freedom.  Government touches every aspect of our lives, the air that we breathe, the water and food that we consume are regulated by an out of control government. 

Government assumes the people do not have enough sense to make informed decisions about the most basic things in life, working, eating, raising a family, taking care of our property and spending our money.

Contact your State Representative and Senator and encourage them to start a discussion in the State Legislatures on applying for a Constitutional Amendment Convention under Article V of The U.S. Constitution.

S A M P L E  -  I sent to my State Representative

Rep. Barrett your help and hopefully your support is needed to start a serious discussion of a State led U.S. Constitutional Convention.  The Representatives and Senators in Washington will never reach agreement on a Balanced Budget or other Amendments. 

The Federal Government has taken the power and freedom of the states and people, with no regard to the limits found in the U. S. Constitution.  The only option open to us is the State Legislatures of the several States.

Repectfully,

Dennis Bertrand

Atoka, TN.