The Senate has approved a $1 trillion bill to fund the government. The senators cannot agree on how to cover the cost of extending payroll tax cuts and long-term unemployment benefits for a full year. A failure to extend the workers' tax cut for a year could hurt the economy at a vulnerable time. Obama is expected to promptly sign into law the spending bill that raises funding for the Defense Department.
There is is a provision requiring Obama to either approve the pipeline construction from Canada to U.S. Gulf of Mexico facilities in Texas within 60 days or declare that the project is not in the national interest! But Obama wanted to take a year, beyond next November's elections.
If dollar devaluation becomes too pronounced, Washington threatens to kill the goose that lays the golden eggs: namely, the dollar's reserve status. If that were to happen, a global financial crisis of staggering intensity would surely erupt, the resolution of which would not favor the United States.
Obamunism might deteriorate America to the miserable level of Greece, the land of kleptocracy, 23% VAT, and kangaroo justice. Mike Brownfield points out Obama's ideological heart lies in socialism. Obama is at his core a dyed-in-the-wool socialist who sees the federal government as the answer to all of America's problems. And he is charging full steam ahead on this far-left course toward Election Day 2012, despite the total failure of his big-government policies and an American people who have flatly rejected the message he is trying to sell. http://venitism.blogspot.com
Fiat currencies trade people's freedom and security for the government's freedom to squander the wealth of the nation on wasteful pet programs, wars, and corruption. This is why the freedom of the people is so intertwined with a sound monetary unit. This is also why we like gold and silver, and supporters of big government hate them.
Obama is a great orator. Brownfield notes that Obama delivers flowery speeches and flexes his rhetorical muscles. It's a talent that won him the presidency, but unfortunately it hasn't won the future for the American people. And that's because the President's underlying philosophy is terribly flawed.
Kleptocrats are creating zombie banks and companies that are kept alive artificially. We started with a too-big-to-fail problem, and part of the policy response to the crisis has been even more financial consolidation. JP Morgan took over Bear Stearns and Bank of America took over Merrill Lynch. What we have now is financial institutions that are even bigger. Those institutions, even more than before, know if they do something very risky, something reckless, they will be bailed out again.
After three years of a massive expansion of government, the enactment of Obamacare, hundreds of billions of dollars in failed stimulus spending, government ownership of General Motors, a Big Labor/pro-unionization onslaught, threats of even higher taxation, the promulgation of more unnecessary regulations, and a total failure to confront the entitlement challenge, the verdict is in on Obama's record and the soundness of his socialist philosophy. Deficits are soaring, the economy is stagnant, 14 million Americans are out of work, and job growth is flat.
The Federal Reserve refuses to give a public accounting of the trillions in recent taxpayer-backed loans. Congress has the responsibility to force a public audit of the Federal Reserve, and the American people deserve to know how their tax dollars are being spent. Allowing the Fed to remain out of control and shrouded in secrecy clearly allows for abuse and the continued stealing of our tax dollars through inflation and unaccounted electronic bank loans.
Brownfield muses that instead of confronting the reality of America under his watch, President Obama hearkens back to the days of Bull Moose progressive Theodore Roosevelt, citing him as his model of good governance, quoting his 1910 "New Nationalism" speech and calling for fairness in America along with more infrastructure spending, more federal education programs, more regulations, and higher taxation on job creators to redistribute wealth and pay for his big government programs. And in order to raise the temperature of his rhetoric and inflame the passions of his audience Obama falls back to his class warfare ways, demonizing the haves in order to win over the have-nots while painting a picture of an America where unfairness reigns and opportunity cannot be found.
The Federal Reserve's abuses lead to constant economic crises like the current housing crisis, international banking crisis and the resulting chaos. The Federal Reserve System forces fuel, food, housing, medical care and education costs upward, meaning that everyone who is not on the government dole is forced to make do with less as the value of money slowly decreases. History shows us that riots, violence and full-scale police states can result when people finally realize fiat money isn't worth the paper it's printed on and refuse to accept it.
Obama's reliance on class warfare and his perverted view of fairness is so contrary to what America is really about. There are no class distinctions in America. That's why Steve Jobs could start as an adopted child in a broken home, start Apple in a garage, and become a billionaire eight times over. The real distinction here is caused by the rise of a new governing class of experts, bureaucrats and political elites who insist on ruling us to enforce pseudofairness rather than letting us govern ourselves under the rule of law.
Indeed, the new pseudofairness inevitably leads to bureaucratic favoritism, inequalities based on special interests and undue political influence. The real class warfare is caused by a class of governing elites, exploiting the politics of division to pick winners and losers in our economy and determine our destinies for us. http://venitism.blogspot.com
Ironically, Obama's conception of America that it is a land of no opportunity stands in stark contrast to his own personal story. Obama came from meager beginnings and now sits in the Oval Office. There are countless stories of other Americans who have risen and found success on their own merit in this fertile land. But speaking to America's rugged individualism and the notion of achieving success without the helping hand of the government would not serve Obama's socialistic agenda. In his world, the government is the giver of all things, the defender of the middle class, and the architect of prosperity. Likewise, success is not something to be championed but to be demagogued in the name of the expansion of the state.
Over the past three years, we have seen Obama articulate many ideas and cloak himself in many different philosophies. Of late, he has even called himself a tax-cutter and posed as a deficit hawk, all while calling for massive amounts of new spending. But now he has emerged in his truest incarnation a hard-line socialist to the core.
The Obama 2012 campaign has come to the realization that it will lose white blue-collar voters by large margins and is concentrating instead on cobbling together a coalition of culture elites and racial minorities. The abandonment of the middle class or, rather, the fact that the middle class has abandoned him puts in context this latest incarnation of the President as he prepares to run next year.
Brownfield asserts this is not the way to lead America to prosperity, to stand the economy on its feet, or to put the millions of unemployed Americans back to work. Rather than make government bigger and more intrusive, now is the time to make it smaller and more responsible so that entrepreneurs can achieve what Washington cannot manufacture: new jobs, new ideas, and a better America for future generations. But that America is quite different from the one President Obama envisions.
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