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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President Obama's 50th Birthday Party Offered A Small Break From Washington

Barack Obama so glad to get out of Washington yesterday he can barely contain his excitement...either that or Rush Limbaugh quit (he didn't)

U.S. President, Barack Obama, turned the big 50 this week, which coincidentally, can't be said for his approval ratings in office, which fell like the stock market, after his debt ceiling deal with Congress on Tuesday.

Obama to Jennifer Hudson: Girl, you got skinny!

For those that chose to celebrate with Obama at his birthday dinner/party/fundraiser in Chicago last night, featuring such stars as Jennifer Hudson, it cost them $35,800. For that kind of money, for dinner he should have served diamonds with a side order of pearls.

Obama: thank you suckers guests for buying a $35,800 ticket

If guests also opted for a picture with the President, it cost them an additional $10,000. Then again, one could have gone the cheaper route by just getting Photoshop and slapping his picture with theirs and pressing print. Hey, if the FBI can play around with Photoshop, can play around with Photoshop, so can you (LOL). Never let it be said that the Judiciary Report doesn't help you save money during the financial crisis.

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$2.4 Trillion Increase In U.S. Debt Ceiling Passes In Congress

One Day Ahead Of Schedule, But The Benefits Are Negligible

The U.S. Congress has passed a bill raising the debt ceiling by by $2.4 trillion dollars, to avoid the nation defaulting on its many debts. The proposed spending cuts, to take place over 10 years, not to commence until 2013, are weak and insufficient to tackle the national debt. There is also the very high probability the government will spend even more money, via miscellaneous and emergency costs, that will completely derail the entire budget.

The bill is not particularly helpful to the U.S. economy, makes paltry cuts in government spending that will have no real impact on the deficit and lacks the tax increase on the rich, necessary to help financially pull America back in the black.

U.S. President Barack Obama (right) and Vice President Joe Biden (left)

The economic numbers are in for July 2011 and they do not look good. Job creation is going at a very poor pace, leaving 14,000,000 Americans unemployed. U.S. Senator Bernie Sanders insists unemployment is actually at "16 percent" not "10 percent." There was next to no growth in the U.S. manufacturing sector, which is bad, as the nation needs exports as one of several key revenue sources.

As mentioned above, another key revenue stream that is missing from the bill, is tax increases on the nation's wealthiest citizens. It's only fair, if the rich are going to live in America, they should help clean up the financial mess Wall Street's greed spree made on their behalf and that of their bulging bank accounts.

Sensible cuts to the government's budget would have made a great impact, such as closing a number of U.S. bases abroad, selling the land/buildings and equipment to the host countries, saving the nation billions in upkeep costs per year. The defense budget is too big, yet as we have seen repeatedly, terrorists can get into America if they want to and engage in evil acts that need to desist.

President Obama and members of his administration

Therefore, you may as well close many of the bases and bring the U.S. citizens back to America. It is cheaper than keeping them open, which is causing further offense in a number of places in the world. It also seems the cuts in the current bill target the poor and middle class, which is a bad idea. How did Congress get it so wrong again.

For the aforementioned reasonable reasons, the Judiciary Report is not in favor of the bill that was just passed in the U.S. Congress. Any sensible person with moderate views and a grip on reality will realize, it is not going to work and after all that wrangling and arguing it sad that this is all they came up with.

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Movie Review: The Obama Deception

Title: The Obama Deception

Year Of Release: 2009

Review Date: July 31, 2011

Rating: PG

Running time: 102 minutes

Box Office Gross: N/A

Site Rating: 5 out of 10 stars

Full version of "The Obama Deception"

"The Obama Deception" is an interesting documentary about U.S. President, Barack Obama and his connection to the questionable Bilderberg Group, consisting of a consortium of the world's richest men and women, who discreetly meet every year, in a bid to dictate world finance. Like George W. Bush before him, President Obama has fawned over the greedy group, comprised of billionaires looking out for their bottom line and not the financial health of the general public. The film makes a number of interesting points.

President Obama made many promises on the campaign trail in 2008, only to break the majority of them when he took office. The Bilderberg Group and other wealthy campaign donors, are largely responsible for this irresponsible shift in position. Obama has tried to play both ends against the middle, deceiving one group (the poor and middle class) while appeasing another (the rich). As the phrase goes, one cannot stand on both sides of the issue.

The poster for "The Obama Deception" might be misleading to some, as the movie does not so much imply the president is an Uncle Tom, but reveals his agenda has now become that of Wall Street, mostly comprised of very wealthy white men.

The film also explores America and Britain's oligarchs and the role they have played in shaping world finance. The film accuses the rich of having President Kennedy assassinated, for philosophically breaking ties with them, in turning his attention in office to matters such as ending the war in Vietnam, civil rights for minorities, "cutting the Fed down to size," world peace and developing a space program.

The documentary contends Kennedy's assassination was a warning to all future presidents never to do this again, in a message of, "Do as you are told or die." The film states, "John F. Kennedy had enraged the entire elite network" as they thought he would be a "puppet" due to his "pro-Nazi father." However, he rebelled against the elite's wishes.

It's ironic, as Obama started his presidency much the same as Kennedy, even reminding me of him in some ways, but the current president made an abrupt turn one year after taking office. Many people noticed this and commented on it as well.

According to the film, Obama has become the most Wall Street president in U.S. history, with his appointment book reflecting this leaning. The film states, "It is the most extreme Wall Street administration we’ve ever had" and "no one else counts for anything else under Obama." It's a shame, because the president started off with good goals that have now become corrupted.

http://www.celluloidfilmreview.com/the-obama-deception.htm

Obama's Poll Numbers Implode Into Disaster

Reelection Not Looking Likely

Barack Obama

U.S. President Barack Obama is having a hard time in the polls. Numbers in every area of polling indicate, the American people are fed up with the debt ceiling debacle and the economy in general. There has been no recovery in the U.S. economy, only massive spending that is drying up and revealing all the cracks and flaws the government tried to camouflage.

But wait, Obama isn't the only one on the hot seat. The U.S. Congress saw its poll numbers drop to an all time low, with approval rating sitting at an uncomfortable 6 percent and it is deserved. They have passed ludicrous spending bills and can't, excuse me, won't even agree on a plan for the debt ceiling, by taking the best parts of both political parties' proposals and merging them into one bill, for the good of the nation.

President Obama and members of Congress debating the debt ceiling

U.S. House Speaker and Republican, John Boehner, has accused Obama of caring more about reelection, than resolving the debt ceiling crisis that is gripping the nation. The clock is ticking and in less than a week, if no decision is reached, America will default on its debts. According to the Los Angeles Times, Obama's own Democrats are abandoning him on this issue, as they have been pushed to the point of anger.

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Senator Demands FBI Investigate Rupert Murdoch For Hacking Rival And Stealing The Contents Of Their Business Computers

Rupert Murdoch

In 2005, U.S. Senator, Frank Lautenberg, privately wrote to the FBI, in his official capacity as a lawmaker, referring a computer intrusion, copyright infringement and trade secret theft case, regarding a company in New Jersey called, Floorgraphics, which was hacked by Rupert Murdoch's News Corp.

The FBI looked the other way to the complaint and crimes being committed, due to bribery and their belief that major corporations can commit any crime they want with impunity. It has been confirmed in London that News International/News Corp bribed officers in the Metropolitan Police. They were not the only ones, as the FBI Director, Robert S. Mueller, took a bribe as well.

News Corp criminally broke into Floorgraphics' computer systems to steal. They hacked, then copied the entire contents of Floorgraphics' business computers and used the propriety, copyrighted data contained therein for financial gain in commerce.

After stealing the company's copyrighted products and databases via hacking, News Corp, then went about destroying Floorgraphics, via a smear campaign, which included maligning the company's executives to the public, destroying its business equipment and paying and in some cases, threatening people and companies not to do business with them. In short, News Corp had arrogantly stolen the smaller company's business products and data and now wanted them gone.

In 2009, Floorgraphics, went public with the story, via suing News Corp, as the FBI had looked the other way to the felonious crimes being committed against the company, which in itself, constitutes felonies by the law enforcement agency. The civil case, that should have been a criminal filing, was rocky, settled for less than it should have been, reopened, then declined by sitting judge, also known as corruption.

This month, U.S. Senator Lautenberg, this time made public a second letter he has written to the FBI and DOJ, demanding they reopen the Floorgraphics case. It remains to be seen if the FBI/DOJ will or continue down the corrupt path they've tread for years, to the public's detriment.

FBI Director Robert S. Mueller

The aforementioned story should sound very familiar to my readers, as it is the exact same thing that happened to me, due to Madonna and News Corp, criminally hacking my computers, which I reported to the FBI in 2005.

I also filed a complaint with the Metropolitan Police in October 2005 (formal complaint), who took the information and did actually make two arrests six months later. However, in October 2005, the Met Police said due to the fact I am on U.S. shores, my case is in the FBI's jurisdiction, but don't hold my breath, because the FBI is not very good with these cases and the sum of money involved in the case would be a factor.

Two weeks later in November 2005, the FBI told me they would investigate, but along the way, took a bribe, as told to me by the source of many of my exclusives that have later proven true. Sadly, the Metropolitan Police is now on the hot seat for taking bribes in the same News International/News Corp case, as revealed in the mainstream British press. I do give them credit that they did at least make some arrests, though they could have done more, but as a person of British lineage, I am disappointed that they let criminals like Murdoch and Madonna destroy their name. It could not have been worth it.

In 2009, I sued under the Freedom of Information Act (The FBI Corruptly Granted "Sovereign Immunity" In The Aisha v. FBI Case) to obtain the results of the FBI's investigation and any other files being kept regarding me, but the judge in the case, Jose E. Martinez, who used to work for the FBI's parent agency, the DOJ, corruptly granted the FBI "sovereign immunity" which is a fancy way of saying a nation's government can commit any crimes it wants to against citizens and be allowed this despicable privilege, as it is sovereign. When federal judges issue such corrupt rulings, the government should embrace the fact it has lost all credibility in the world and should stop lecturing domestic citizens and foreign governments on how to behave and follow the law.

Even if the FBI/DOJ did not want to pay damages, which under the law they are supposed to, due to the lasting damage (I became deathly ill with a brain hemorrhage from being harassed and terrorized) and massive loss (a fortune in copyrights stolen) their unlawful conduct facilitated, during Obama's so-called era of transparency, why didn't they release the legally requested files under the Freedom of Information Act.

The law says they are supposed to but they did not. Why hide the FOIA files, which they admitted in writing exist, but repeatedly refused to release. What are they hiding (rhetorical). You call that transparency? I call that blatant hypocrisy, lawbreaking, bribery and obstruction of justice. The contents of the files show the crimes Madonna, News Corp and ironically, the FBI committed, via aiding and abetting criminals.

U.S. Attorney General Eric Holder

Even the scum bucket assistant U.S. attorney they assigned the case in Miami, nastily informed in a written motion that the U.S. Civil Rights Act did not give black people equal rights under the law in America and thus the FBI did not violate it by discriminating against me in the case in not bringing justice. That's the kind of arrogance and evil emanating from Obama's FBI/DOJ.

The most ironic part of their misconduct is the FBI/DOJ and assistant U.S. Attorney in Miami, being smug and cocky about their conduct in legal filings, because they basically own the judge, yet it ended up costing Obama and his fellow Democrats votes in the 2010 election. I wrote many articles online, decrying their conduct, in the lead up to the 2010 election that reached millions of voters. People got to witness the case being filed and corrupted by Obama's FBI/DOJ, who had promised to run a clean organization, but as the case showed, did not. Looking forward to the 2012 election.

When you corruptly and deliberately look the other way to cases such as mine and that of Floorgraphics (and I know there are more) you send the nation and the world the unforgettable message the government is illegally aiding and abetting large corporations in stealing the hard earned property and proprietary assets of smaller companies, which in essence, is criminally nationalizing people's property, as America is supposed to be a democracy. Nationalizing hardworking citizens' property against their will is only legal in socialist and communists governments. You think about that, while you do your level best to ignore the Constitution.

As I see it, I warned you in writing and during the two interviews at the FBI's office in Miami, that Madonna/Kabbalah and her cronies at News Corp, were violating people through illegal wiretapping, hacking and corporate theft, among other things, but you looked the other way, to the point many other innocent people, among them children, were violated by this invasive form of spying.

None of you deserve to be in office, as you failed the people across the board, due to bribery and campaign donations. In 2012, you deserve to lose by a landslide, because you knew of the crimes and abuses and looked the other way.

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U.S. Debt Deal Dead

Barack Obama

Published reports indicate congressional Senator, John Boehner, has walked away from the debt ceiling debate, against President Barack Obama, exasperated that they have been unable to come to a final agreement. There is talk that Obama's own Democrats are angry with him over the lack of progress. The press and public had hoped the issue was almost resolved, but the latest on the negotiations illustrate otherwise.

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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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News Corp Continued To Pay Andy Coulson After He Quit To Spy On The British Government

Rupert Murdoch

The phone hacking hearings that transpired in the British Parliament today, featuring News Corp's crooked CEO, Rupert Murdoch and son, James Murdoch, saw the duo pummeled with questions by MPs. The hearing brought to light the fact, News Corp supplemented the income of former employee, Andy Coulson, when he went to work for British Prime Minister, David Cameron.

This lends the impression Murdoch was, as usual, trying to control the British government, in unethical conduct he has also engaged in on U.S. shores, by befriending, then spying on its incumbents, for financial and social gain. There is no legitimate reason Murdoch could have for continuing financial payments to a former employee, who began working for the duly elected head of state.

Andy Coulson

Having Coulson passing national secrets to Murdoch, a foreign citizen that has not been elected to public office, is criminal and highly inappropriate. Murdoch attempted to get his tentacles in former Prime Ministers Tony Blair and Gordon Brown as well, circling them like a hungry shark. In America, Murdoch cajoled his way into the Clinton and Bush administrations and tried to push his way into the Obama's White House, in more ways than one.

He is out of line. Murdoch and other power hungry businessmen like him, need to learn their place. If the public did not elect you to office, you have no business trying to dictate government and public policy. Furthermore, having such a tyrant trying to impose his will on prime ministers and presidents, places undue pressure, burdens and distractions, detrimental to their job performance.

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Obama More Unpopular In The Middle East Than George W. Bush

This Can’t Be Good!

Barack Obama

According to a recent report, U.S. President Barack Obama, is more unpopular in the Middle East, than former Commander-in-Chief, George W. Bush. With the ongoing wars in the Middle East that Obama has not stopped, going even further in starting a new war in the African nation of Libya, illegally ousting its Muslim head of state and killing members of his family in air raids, it is clear the president has offended Arabs in the region. Considering the sheer hostility and anger towards Bush in the Middle East, for Obama to have topped that is not a good thing.

STORY SOURCE

Another Obama FAIL

7/13/2011 - Check out what's inside the July issue of Townhall Magazine! Remember back at the dawn of his presidency, how President Obama flew off to Cairo to speechify about "his personal commitment to engagement, based upon mutual interests and mutual respect" (in the words of then-spokesman Robert Gibbs)? Well, count it as another Obama fail. The US is now more unpopular in the Middle East than it was during the tenure of President George W. Bush.

http://townhall.com

The Republicans Say Obama Has No Economic Plan Only Speeches

In a jab at U.S. President, Barack Obama, leading Republican, John Boehner, outlined his party's economic and political plans for America, in the wake of a terrible financial crisis. Boehner also went on to state, President Obama has no financial plan for America, only issuing speeches in the face of serious issues.

Senator John Boehner (left) and President Barack Obama (right)

As the deadline for the debt ceiling nears, the President and his fellow Democrats, are locked in negotiations with rival Republicans and it appears they have made very little headway. Here's hoping both sides will accomplish something in the coming days.

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Barack Obama

U.S. President, Barack Obama, is reportedly very frustrated with the lack of progress in negotiations, regarding America's debt ceiling. He lashed out in anger this week stating, "I have reached the point where I say enough. Would Ronald Reagan be sitting here? I’ve reached my limit. This may bring my presidency down, but I will not yield on this." Currently, if there's anything that is going to bring Obama's presidency down, it is his unprecedented government spending, with no results to show for it, as the economy continues to worsen in every way.

John Boehner

On the other side of the aisles, top Republican, John Boehner, is sticking to his guns on not raising taxes on the rich (which the Judiciary Report does not agree with) and budget cuts (which the Judiciary Report does agree with). It is in times like these, it is beneficial to look to economic plans of the past that worked and within reason, apply those lessons to the challenges of today.

STORY SOURCE

Barack Obama’s future looks precarious as America faces its most important presidential election since 1980

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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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But It Doesn't Have To Be That Way

Barack Obama

Timothy Geithner, the Treasury Secretary of U.S. President, Barack Obama, admitted in a candid interview last week that the financial hardships besetting America, shall last for a long time. Wrong answer! The people don't want to hear that and the sad thing is, the economy could be repaired, but the Democrats and Republicans refuse to agree on a financially sensible plan.

At the beginning of his presidency, bankers representing Americas top banks, went to the White House to meet with Obama and basically blew smoke up his butt. They talked up their dubious plans and walked away with truckloads of U.S. taxpayer money, only to hoard it, which does not benefit the nation.

Timothy Geithner

President Obama and his team, due to naiveté, inexperience and lobbyists, had such poor oversight, this massive swindling of the American people's tax money, was able to transpire without impedance or accountability on any real level, which is regrettable. Some of the stimulus money also illegally stimulated off shore bank accounts.

It is the Judiciary Report's belief, a line needs to be drawn in the sand with banks and other financial institutions, formally notifying them, if they are not going to productively use the stimulus money in the U.S. economy, they must return the funds or face criminal charges. Taxes also need to be raised on the rich, to help combat the sky high deficit, with some of the funds used to create new jobs, but in a sensible manner (Obama Calls For Job Summit).

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STORY SOURCE

Geithner says hard times to continue for many

WASHINGTON (AP) — Treasury Secretary Timothy Geithner (GYT'-nur) says many Americans will face hard times for a long time to come. He says President Barack Obama rescued the United States from a second Great Depression and will keep working to strengthen the economy. But Geithner says will be some time before many people feel like the country is recovering.

Geithner tells NBC's "Meet the Press" that it's a very tough economy. He says that for a lot of people "it's going to feel very hard, harder than anything they've experienced in their lifetime now, for a long time to come."

http://news.yahoo.com

New Negative Jobs Report Is Bad News For Obama

The Numbers Keep Getting Worse

Barack Obama

Proving his political policies are not working, the latest U.S. jobs reports indicates, the economy added jobs at a very slow pace, which has alarmed government officials in Washington. As many polls have revealed, the economy ranks as the top concern of most Americans. The latest weak economic data coming out of the nation's capitol, is throwing a serious monkey wrench in President Obama's reelection plans, as the economy refuses to stabilize, due to the dangerous and unwieldy spending he continues to engage in.

Congress, on both sides of the aisles, has a responsibility to tell the President no, regarding his substantial spending initiatives. It can't continue like this. Someone needs to press the brakes on all this mad spending that makes no fiscal sense whatsoever. It's time to be sensible about this.

It's time to stop spending so much taxpayer money

When one watches news reports on the subject, the Democrats and Republicans, are fighting and telling everyone within earshot they are doing the right thing and the other party is not. However, what message does each side think it sends the nation, when they cannot even agree on a middle ground, to strike a simple compromise.

The Democrats in Congress are the biggest spenders, as they are liberals bordering on socialists, engaging in financial waste. The Republicans in Congress, are more prudent when it comes to money, but they need to stop holding out for no tax increases on the rich, also known as their friends, because the Treasury needs the money. There needs to be a temporary tax increase. Where else is the money going to come from, with businesses posting declines in revenue.

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Is It Fair For Obama To Solicit $1 Billion Dollars In Campaign Donations From The Public During A Terrible Financial Crisis

Barack Obama

In view of the horrible financial crisis America is currently mired in, is it fair for President Barack Obama, to ask the public to help him meet his goal of raising an unprecedented $1 billion dollars in campaign donations, for his 2012 reelection bid. This move lacks the sensitivity, consideration, austerity and economic prudence, a president should have under the circumstances.

Americans have lost their jobs, homes and life savings. Many are suffering during the current financial depression, in trying to make ends meet and put food on the table. In light of these facts, should President Obama really be soliciting such enormous campaign donations, during a financial crisis he helped to make much worse than it was in 2008, when he was elected.

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Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

Barack Obama

Everyone from Alan Greenspan to Barack Obama's economic committee, have pronounced the President's stimulus a catastrophic failure that wasted huge amounts of taxpayer money in the billions. Mainstream newspapers and blogs have gone into overdrive, taking the president to task for the enormous waste that has set America even further behind.

A year and a half ago, on November 13, 2009, the Judiciary Report predicted this would happen (Obama Calls For Job Summit). It is now being stated this week, it would have been cheaper for Obama to, "Cut a $100,000 check to everyone whose employment was allegedly made possible by the 'stimulus.'”

STORY SOURCE

Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

12:07 PM, Jul 3, 2011 - The stimulus is now causing the economy to shed jobs. When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt.

The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, and it chronicles the alleged success of the “stimulus” in adding or saving jobs. The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation), the “stimulus” has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job.

In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead...

http://www.weeklystandard.com

Down on the Fourth of July: the United States of gloom

July 3rd, 2011 - NEWS REVIEW: America’s deepening recession and widespread pessimism about the country’s prospects add a bitter note to Independence Day, reports Toby Harnden, US Editor. Across America today, people will gather for barbecues in their backyards, parades through their towns and firework displays lighting up the night sky. They’ll be celebrating Independence Day – the birthday of the United States and the 235th anniversary of shaking off the oppressive yoke of British rule...

That’s the good news. On the flip side, however, a country whose hallmark has always been a sense of irrepressible optimism is in the grip of unprecedented uncertainty and self-doubt. With the United States mired in three foreign wars, beaten down by an economy that shows few signs of emerging from deep recession and deeply disillusioned with President Barack Obama, his Republican challengers and Congress, the mood is dark.

The last comparable Fourth of July was probably in 1980, when there was a recession, skyrocketing petrol prices and an Iranian hostage crisis, with 53 Americans being held in Tehran. Frank Luntz, perhaps America’s pre-eminent pollster, argues that his countrymen are much more downbeat now than in 1980. “The assumption with the Carter years was that it was a failure of the elites, not the system. We thought the people in charge screwed up. We didn’t blame ourselves.” Remarkably, many Americans think things will only get worse and the good times will never return.

A recent New York Times/CBS poll found that 39 per cent think that “the current economic downturn is part of a long-term permanent decline and the economy will never fully recover”. That was up from 28 per cent last October. Last month, a CNN poll found that 48 per cent of Americans believe another Great Depression is somewhat or very likely.

Luntz has found that 44 per cent of Americans believe their country’s best days are in the past, 57 per cent that their children will not achieve the same quality of life, and 53 per cent that they are less free than five years ago. So what is going on? ...

http://blogs.telegraph.co.uk