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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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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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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Republicans Develop Economic Plan And Await Response From Obama

"Video: Speaker Boehner: Time for the No-Budget Senate to Act on Cut, Cap & Balance"

Prominent Republican senator, John Boehner, took to the podium today, to announce the Republican party has developed a financial plan for America, but await a response from U.S. President, Barack Obama, regarding the course of action he intends to take. The clock is winding down to the August default deadline, in the debt ceiling debacle Congress is currently presiding over.

Barack Obama

The regrettable fact regarding the congressional fighting, excuse me, debates, is neither side has been able to take the better ideas from each party and merge them into one proper solution. Overall, the Republican party has the better, more prudent economic plan save for the no taxes clause, which, frankly, is a problem.

John Boehner

The Democrats' financial plan has too much spending, but its true redeeming factor is the tax increase on the rich, which would make a big difference (provided the money isn't squandered by too much spending again). Really, is it that hard to compromise with each other. Even the government had to admit this week that the talks have become unusual and strangely stalled, in comparison to past negotiations. Something is wrong.

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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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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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You Can Tell By The Looks On Their Faces That The Debt Talks Aren't Going Well

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.

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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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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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New Poll Finds A Majority Of Americans Do Not Believe Obama Will Be Reelected

Barack Obama

A new poll conducted by the Mayside Research Institute (MRI) has found a majority of Americans do not believe U.S. President Barack Obama will be reelected in 2012. As anyone in Washington should be able to deduce, the horrible state of the U.S. economy is currently the biggest factor. Obama has spent enormous sums of money, more than any other President in U.S. history and to no results. Correction, to negative results.

If Obama had heeded even the most basic advice, such as what was provided by the Judiciary Report in 2008 and the first quarter of 2009, regarding utilizing prudence and thrift, among other things, the economy would have been back on track by the first quarter of year two of his presidency (2010). Instead he spent a fortune - ironically $666 billion on the stimulus (that number is quite fitting and ironic considering the end result, because the devil is in the details).

You can't spend money like that. It was too much. It's just bad business sense and now America is further behind, than in 2008 when Obama assumed office. As the first black president, I wanted so much more for his presidency, but Obama has disappointed me and many others, by letting Washington change him into a poster boy for special interests, lobbyists and rich campaign donors, whose agenda is not for the greater good of society, but their own pockets. When you lose your roots, you risk losing everything.

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MRI Poll: Majority Believe Obama Will Fail In Re-Election Bid

Published on July 04, 2011 - Most say "It's time for another person to take over the Top Job." A new Mayside Research (MRI) Poll finds that 62% of U.S. registered voters think it's time for another person to be America's President (*). Only 38% of likely voters feel that Barack Obama should be re-elected. According to MRI, females are much less likely than males to support Obama's re-election (24% vs 76%). MRI's results indicate that almost three-quarters of African Americans would support replacing Obama (74%) with someone else for the Top Job...

Only 48% of those panellists who declared that they are members of or registered with the Democratic Party, and or planned to vote for a democratic candidate, indicated that they supported Obama's re-election. 52% of those Democrats polled want a change. Unsurprisingly, nearly 100% of the Republican panellists are seeking and would support someone else...

http://pr.officialwire.com

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.'”

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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

Obama Is More Preoccupied With Fundraising Than The Economy

Barack Obama

U.S. President, Barack Obama, seems to be more preoccupied with his massive fundraising drive, in a shaky bid for reelection, rather than the dire economy that needs his full attention. Obama is attempting to raise the exorbitant sum of $1 billion dollars, in deeds that seem like buying the Presidency of the United States.

While Obama's attention is turned to fundraising matters, the economy continues to decline, falling into terrible territory, signaling irreversible damage. If Obama fixed the economy, he would not have to worry about raising so much campaign funds, as that would be the best testament and tool for the 2012 election.

Furthermore, $1 billion dollars in donated campaign money, to reelect an unpopular president, is better off in the public's pocket during a terrible financial depression, the incumbent made worse with unruly spending.

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