U.S. Credit Rating Downgraded For The First Time In History

A Precedent The President Could Have Done Without

Barack Obama

Standard And Poors (S&P) has downgraded America's once sterling AAA credit rating to an AA+ in news not welcomed by U.S. President Barack Obama and his administration. The $2.4 trillion increase to the U.S. debt ceiling is partly to blame for this historic decision, coupled with no proper tax increases or significant government budget cuts.

It was not a good precedent for President Obama to set. Had Obama simply done what the Judiciary Report has stated for the past couple years - raise taxes on the rich - this would not have happened, as the revenue streams would have begun already and exhibited clear and undeniable intent to reduce the deficit. What's worse is S&P has reserved the option to decrease America's credit rating even further.

Some have tried to spin this news and they should not. Delusion and denial is what created this problem in the first place, in not facing reality and taking positive, proactive action to address the nation's debt. To spin this negative, is the equivalent of a student bringing home a B grade, when they could have received an A had they applied themselves and trying to convince their parents the former is better than the latter.

Congress and the White House have gone out of their way to protect the rich, at the expense of the middle class and the poor. They would do well to remember, there are more middle class and poor in America, than rich, which means more votes to remove politicians from office and replace them with others.

Enough with the tax cuts for the rich, as it is damaging the nation in so many ways. It's time to raise taxes on the rich - a proven, time tested method of bringing in revenues to cash strapped governments. It won't make the rich poor, but they'll have a little less and it will help clean up the financial mess.

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U.S. Stock Market Plunges 500 Points

Debt Ceiling Increase Did Nothing To Allay Investor Fears

Barack Obama

As mentioned last night, the U.S. stock market is in a bad way. This morning things got worse, as it plunged 500 points, taking it back to the height of the 2008 financial crisis. The passage of the congressional bill, to raise the U.S. debt ceiling by $2.4 trillion dollars, did nothing to assuage the markets. It was a very risky political gamble for President Obama that has not paid off.

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Amy Winehouse's Funeral Held In London

Amy Winehouse

The funeral for British singer, Amy Winehouse, was held in London, England today, as the singer was found dead on Saturday, July 23, 2011, of a suspected drug overdose. Dozens of Winehouse's family and friends, came out to pay their respects and bid her farewell.

Crowds gather outside the funeral

Winehouse's ex-husband, Blake Fielder-Civil, who publicly admitted he introduced the once healthy singer to heroin and crack-cocaine, marking a massive downward spiral in her life and career, was barred from the funeral by her family and denied permission to leave prison to attend the funeral.

Amy Winehouse's dad Mitch Winehouse

No official cause of death has been determined at this time, due to the autopsy being branded "inconclusive." Standard toxicology tests are underway, with the results expected in several weeks. Winehouse leaves behind an estate worth millions and numerous unreleased songs.

Amy Winehouse's family and friends

Her story should serve as a sobering reminder to many of the dangers of drug and alcohol abuse, as Winehouse had so much to live for, but due to not embracing the importance of remaining sober, lost her life. This really is a tragic waste of life, because as accomplished as she was in her chosen profession, there was still so much more she could have done over time, with the talents God gave her. Drug and alcohol abuse brought it to a halt.

Amy Winehouse's back up singers

It is full time the entertainment industry started doing more to keep artists drug free. It is ridiculous the number of entertainers that have overdosed. The National Basketball Association in America has taken a proactive role in educating athletes on the dangers of fame and wealth. It's time the music, film and television industries in Britain and America do the same.

Photo Credits: AP, PA, Getty and Exposure

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The Limited Scope Of FBI Probe Of News Corp Betrays A Cover Up

The Public Wants A Wider Probe Of Murdoch And Co. To Ascertain The Full Truth

Rupert Murdoch

Labour leader in Britain, Ed Milliband and U.S. Democrat, Dick Durbin, have separately called for investigations into Rupert Murdoch’s News Corp, for criminally violating hacking and wiretapping laws in their respective nations. The respective, elected heads of state of each nation have agreed.

Politicians in Murdoch’s native Australia, have also launched an inquiry into his illegal behavior, which has shown itself to be a widespread and systematic problem of international corruption and lawbreaking at News Corp.

News Corp executive James Murdoch

The Metropolitan Police, also implicated in the scandal, has shed two of its top employees, who resigned when it was revealed, Murdoch and company bribed police officers on the force, for protected information and to bury the scandal. It was recently stated in the mainstream British press, Murdoch tried to bribe police officers again less than a month ago, to make the scandal go away.

The Metropolitan Police, a subsidiary of Scotland Yard, has now launched an aggressive investigation into News International/News Corp. Circumstances indicate, the Metropolitan Police are wiretapping and delving into the lives of the aforementioned company’s employees, in lawfully building their case, which has resulted in one dozen arrests thus far.

U.S. Attorney General Eric Holder

However, the U.S. FBI, has limited the scope of their investigation to September 11th terrorist victims, being hacked and wiretapped by Murdoch and company for scoops to print and broadcast, knowing full well there are many victims well beyond that in America. Numerous people in America were violated by Murdoch's criminal invasion of privacy campaign for profit, in conduct that is extremely arrogant and greedy.

In limiting the scope of their probe, the FBI aims to cover its own tracks, as they were informed by me of the criminal misconduct by News Corp and others in 2005, but looked the other way, due to the head of the FBI, Robert S. Mueller, having taken a bribe to bury the case (The FBI Corruptly Granted "Sovereign Immunity" In The Aisha v. FBI Case). The FBI has known about these crimes for several years and looked the other way, allowing it to become something far worse than it originally was at its inception. As a result, far more people have been victimized by News Corp.

FBI Director Robert S. Mueller

I am in possession of irrefutable evidence that shows beyond the shadow of a doubt that News Corp violated people in America as well as Britain. The FBI is well aware of it, but due to the cover up, sponsored by a bribe, the corrupt law enforcement agency does not want the public to know the full truth and have stonewalled the case for years.

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Australian Prime Minister Slams Rupert Murdoch And News Corp

Murdoch Reproved By His Nation's PM

Julia Gillard

The Prime Minister of Australia, Julia Gillard, has slammed native son, Rupert Murdoch, over the horrible hacking scandal his company is embroiled in worldwide. The Murdochs' testimony in the British Parliament this week, left a number of questions unanswered and many skeptics.

Gillard stated, "When people have seen telephones hacked into, when people have seen individuals grieving have to deal with all of this, then I do think that causes them to ask some questions here in our country, some questions about News Ltd here. Obviously News Ltd has got a responsibility to answer those questions when they're asked. I'm not going to engage in running commentary on testimony but I do believe Australians... are looking at News Limited here and are wanting to see News Limited answer some hard questions."

Disgraced CEO Rupert Murdoch

Of course, now Murdoch will lie about and smear Gillard in his papers, online and on television, with estimates placing his share of the newspaper market in Australia at 73 percent. That's virtually a monopoly, with a side order of antitrust issues. Someone should look into that as well, as you have an individual, Murdoch, trying to slant and control what the public reads on a grand scale.

Rupert's lawbreaking son, Lachlan Murdoch, is also doing his level best to muscle his way into full control of the prominent Australian broadcaster, Network 10, pushing out the former CEO under mysterious circumstances. Rupert's daughter, Elisabeth Murdoch, started her own production company, Shine, which resorted to wholesale criminal copyright infringement, to push out television shows on various networks. This family is controlling too much of the media and resorting to criminal tactics to accomplish their goal, much to the ire of the public.

Rupert Murdoch and his equally corrupt daughter Elisabeth Murdoch (center)

Reports out of Australia indicate, the government has opened a criminal investigation into Murdoch's serious misconduct, which is being slammed all over the world. There are separate investigations of Murdoch and company, in Britain and America, for the same illegal wiretapping and hacking, known as phone hacking, which saw him publishing unlawfully obtained surveillance items, in News Corp newspapers, on websites and television.

This severe and criminal breach of privacy, has angered the public, with the case coming to a head, when people recently found out, the aforementioned misconduct was also utilized against innocent missing kids that were later found dead. It marked a new low in journalism, leading the public to vociferously protest the Murdochs and News Corp on two continents.

Rupert Mudoch and sons Lachlan and James

This breed of contemptible, depraved journalism was first seen at the National Enquirer, who employed Mafioso turned Hollywood private investigator, Anthony Pellicano, to dig up scoops for stories to print in the tabloid. Pellicano's solution - illegally hack and wiretap people, then publish the contents of the illegal surveillance.

Pellicano did the same for a number of Hollywood stars seeking to spy on rivals. Madonna and Tom Cruise employed him on a regular basis, to secretly break the law on their behalf, by providing them with thoroughly invasive information on chosen targets. The information included, wiretap phone call transcripts and audio recordings, computer contents gained through hacking, surveillance photos, among other things. Pellicano was also hired by people within News Corp to do the same. The disgraced private eye is now in prison, but his methods live on through others in his field.

STORY SOURCE

Phone hacking: Rupert Murdoch has 'hard questions to answer', says Julia Gillard

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When It Comes To Debt The Obama Administration Has The Mindset Of Gamblers

Barack Obama

In listening to President Obama and members of his cabinet speak about the financial crisis, one walks away with the impression, they have the mindset of gamblers. So much money has been pumped into the U.S. economy during President Obama’s term, yet he alarmingly continues to spend and keeps suggesting more stimulus packages, as the solution to America’s dire financial problems.

They sound like gamblers, who keep making risky wagers, believing that next gamble is the one that’s going to put them on top and in the black, only to end up further in the red, in a financial hole that keeps deepening.

It’s time for a sensible approach to finance with a sound fiscal plan, as the Judiciary Report has advocated for years. America does not have money to burn. It’s time for certain people in Washington to stop acting like it. There is a massive difference between debt and profit. Learn it.

After two presidents in a row, Bush and Obama, exhibited poor financial acumen, making very risky economic choices, to the detriment of America and the globe, the financial world has lost confidence in Washington.

The tides are changing in the world. It is the rise of China, India and Brazil in finance, which is a positive development for the world, as it means more people advancing. If America is to remain competitive in the financial world, prudent, precise and insightful action needs to be taken now to set things aright with the economy or risk falling to the wayside. The truth hurts, but it is only in confronting it and making the necessary changes, can one improve and move forward.

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Barack Obama this month

U.S. President, Barack Obama, has been looking tired and somewhat haggard of late, clearly due to the stress associated with his job that has intensified. Obama's hair is grayer than ever and seemingly overnight. More troublingly is the fact Obama is exhibiting the early signs indicative of the onset of Alzheimers.

Barack Obama in 2008

A few days ago, Obama got his own birth date incorrect. He was off by two weeks. A few months ago, he signed the wrong year in the guestbook during a visit to Westminster Abbey. Prior to these incidents, Obama incorrectly stated America has 57 states. There several other incidents indicating Obama is having memory problems.

When individuals experience mentally stressful events of an extraordinary nature, it can lead to Alzheimers. One does not have to experience a blow to the head or have been present in situations, where a bomb detonated and the force there from negatively impacted the brain (even without physical injury to the person). Massive mental distress over the course of a few short years, can deteriorate the brain.

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Democrats And Republicans Refuse To Budge On Debt Ceiling While Obama Threatens To Cut Social Security Next Month

Democrats and Republicans are fighting in Congress, regarding the debt ceiling, while President Obama threatens to cut off Social Security, stating he cannot guarantee that seniors checks will go out next month, on August 3, 2011.

Has he lost his mind. Seniors are going to remember that and attribute it to him. They paid into Social Security for decades, to receive their money during old age and not for a president to summarily decided such a thing.

If President Obama had not wasted so much money on unnecessary spending initiatives and thrown so much cash out the White House window, on overblown stimulus packages, with significant funds stolen and misappropriated, America would not be in this bind.

Barack Obama

President Obama should have raised taxes on the rich from day one of his presidency and used the funds to pay down the national debt and create jobs. President Clinton created 23,000,000 jobs by raising taxes during his time in office, which was recorded as the most financially prosperous in U.S. history. Others have done the same in the past, in other nations, such as Margaret Thatcher in Britain, creating new jobs with freshly raised tax money.

Now President Obama has his back to the wall, after massive, fruitless expenditures and is threatening seniors over Social Security they already paid for. What exactly did the government do with their money. As the Judiciary Report sees is, messing with Social Security is like dipping into pension funds, something you just don't do. You really must not want a second term.

The Democrats need to desist with the excessive spending and the Republicans in Congress need to give up on not raising taxes, because the money is needed. America has many billionaires, millionaires and individuals earning over $250,000 per year that can pay higher personal (and business) income taxes. They live in America and should pay it, after reaping all the funds they did off the nation.

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