Obama and the Amazing Trillion Dollar Dreamcoat
Add to that revolutionary health care reforms for all Americans which are advertised as saving us money. But this would be prancing on deep water indeed. It would be the very first Washington welfare program to give free goodies to everybody in the country and still end up saving money. The upfront costs alone would be 1.2 to 1.5 trillion bucks over the first ten years.
Sounds like magic, doesn’t it?
So what about a “peace dividend” from ending the WOT — now called “overseas contingency operations”? Well, the Taliban are conquering a good chunk of Pakistan. They have their eyes on Afghanistan again. And they used to shelter al-Qaeda terrorists who tried to attack the United States and succeeded twice — once in 1993 and again on 9/11/01. They have tried many times since then, but only killed lots of people in Madrid, Bali, Mumbai, and Iraq. Speaking of Iraq, the violence level is going up there, not down. Can we really withdraw troops if Iraq is going to fall apart, with a good chunk going to Ahmadinejad next door?
So much for the “peace dividend.”
Oh, and that doesn’t count the TARP money, say a round trillion plus given interest costs on all that money. And now we hear that the banks in trouble will need another 600 billion or so, which is actually more, because they’ve switched to a more optimistic accounting scheme. Say two trillion on TARP to save the banking system.
Don’t forget the car companies going bankrupt. Don’t forget the higher unemployment rate. All that means less for the Treasury, because taxes depend on the health of the economy. Poor economy, lower tax receipts.
Don’t forget the states, like California, that are now demanding money from the Feds. And don’t forget all of our “green investments.” Like the hydrogen economy Governor Arnie was promising California last year, but which now seems pretty far-fetched. California is famously going broke, and the taxpayers are not in the mood to finance Sacramento’s wild spending spree with even more of their dough.
And don’t forget that we are prohibited from using our own resources to find oil to keep the cars and factories humming. Or building safe nuclear power plants. Or developing shale into oil. Or drilling offshore.
Where will we find the money? We’ll print it. After all, that’s the new version of Keynesian economics. During a downturn you’re supposed to have deficit spending to goose the economy. John Maynard Keynes, where are you now that we need some common sense?
My liberal friends don’t worry about it. They know Obama is a Lightworker. He will take care of us.
Just close your eyes and enjoy the ride. And if you lose your job, or your 401(k), or your social security, or your house … it’s all gonna be all right. The government will take care of you.
Or will it?
Are we waltzing on the Titanic, or what?
“Where you gonna get the money?”
Barack Obama is existentially convinced that he and his fellow elites will somehow find a solution. They are supposedly the brightest and most benevolent people in the room. The recent decision by the Obama administration to force Chrysler to get rid of many profitable dealers is quite revealing. I have not found any auto industry specialists who considers this to be a sensible move. It appears that it might be something arbitrarily decided by Tim Geithner. The Obama people seem to be winging it. They may even be embracing a bit of Hegelian determinism—-the gods of the universe are on their side and everything will ultimately be fine. How can we not trust the secular Messiah?
I’m starting to detect a little insanity within the Obama ranks.
A roaring inflation is about to hit the USA. What happens when it strikes? Nobody knows. Obama and his government and all the economy professors in the world combined don’t know.
As Mr. Lewis suggest, we might be on a Titanic ride. Enjoy the music and the wine, while it flows! And, by the way, the whole western world is on board this doomed vessel.
boobam’s programs are failing but what if that’s his plan as in cloward-piven.
I kept a copy of this and send it to friends ever so often. I may hve found it here but I’m not sure.
The Plan they are BRILLIANTLY pulling off
Wednesday, October 15, 2008
CHANDLER: The Cloward-Piven strategy
Robert Chandler
OP-ED:
There is plenty blame to go around for the financial crash. Yet, there is a distinct odor of the shadowy Cloward-Piven strategy as the taproot of abusive practices that triggered the crisis. The strategy’s goal is to bring about the fall of capitalism by overloading and undermining government bureaucracy.
Its supporting tactics include flooding government with impossible demands until it slowly cranks to a stop; overloading electoral systems with successive tidal waves of new voters, many of them bogus; shaking down banks, politicians in Congress, and the Department of Housing and Urban Development for affirmative-action borrowing; and, now, pulling down the national financial system by demanding exotic, subprime mortgages for low-income Americans with little hope of repaying their loans. These toxic mortgages are an important source of the foul smell engulfing the entire financial bailout.
Developed in the mid-1960s by two Columbia University sociologists, Andrew Cloward and Frances Fox Piven, much of their strategy was drawn from Saul Alinsky, Chicago’s notorious revolutionary Marxist community organizer. The Association of Community Organizations for Reform Now (ACORN) succeeded the National Welfare Rights Organization in the execution of the Cloward-Piven grand tactics of using the poor as cannon fodder to tear down the capitalist system. It was low-income, mostly black and Hispanic people, who were used by ACORN guerrillas to take subprime toxic mortgages.
An Obama campaign dispatch on October 6 had the right perspective in observing that “the backward economic philosophy and culture of corruption that helped create the current crisis are looking more and more like any other major financial crisis of our time.” True enough.
The root causes for the 2008 financial panic were sown some 40 years ago when the Institute for Policy Studies, the notorious “Think Tank of the Left,” held socialist seminars geared toward undermining the American capitalist system. Beginning in 1964 and continuing to the present day, the Institute for Policy Studies has used seminars especially scoped to influence congressmen and their assistants to support the “progressive,” that is to say “socialist,” viewpoint. A 1969 “Housing and Property” seminar, hosted by the Institute for Policy Studies, for example, treated Capitol Hill denizens to mind-stretching leftism. Bringing together speakers from big-city tenants councils, neighborhood legal services, FHA insurance, savings-and-loans entities, and the Shannon and Luchs Realty Company, the Institute for Policy Studies “plinked” the first domino that led to the current crisis.
At about the same time that the Institute for Policy Studies was holding the 1969 “Housing and Property” seminars, it was also conducting “Experimental Education” seminars in January-April 1969, for federal legislators and their aides that included Bill Ayers, an Obama confidant and Weatherman terrorist, as a guest speaker. According to the Senate Subcommittee on Investigation, 4,330 bombings occurred in the United States, about nine a day, from January 1969 to April 1970.
The socialist test case for using society’s poor and disadvantaged people as sacrificial “shock troops,” in accordance with the Cloward-Piven strategy, was demonstrated in 1975, when new prospective welfare recipients flooded New York City with payment demands, bankrupting the government. As a consequence, New York state also teetered on the edge of financial collapse when the federal government stepped in with a bailout rescue.
The 2008 financial crisis has all of the earmarks of a Cloward-Piven strategy assault against the capitalist system. Stanley Kurtz of the Ethics and Public Policy Center recently explained that “community organizers” (1) “intimidate banks into making high risk loans to customers with poor credit,” (2) “occupy private offices, chant inside bank lobbies, and confront executives at their homes,” and, through these thuggish tactics, (3) compel “financial institutions to direct hundreds of millions dollars in mortgages to low-credit customers.” “In other words,” Mr. Kurtz explained during a presentation at the Hudson Institute’s Bradley Center for Philanthropy and Civic Renewal, “community organizers help to undermine America’s economy by pushing the banking system into a sink-hole of bad loans.”
A key element of the contemporary crisis certainly reflects many years of a “backward economic philosophy and culture of corruption” cited by the Obama camp. But much of the associated backwardness and deception were secretly peddled by the Institute for Policy Studies. Its war against the financial system used improvised non-ethical devices (INEDs) designed to destroy capitalism and support Mr. Obama. One of those roadside INEDs was the Cloward-Piven strategy.
Robert Chandler is a retired Air Force colonel and former strategist for the White House, the Departments of State, Defense, Energy and Justice, and the CIA.
AND
Thursday, March 12, 2009
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THE OTHER RUSH
Lies in plain sight
Exclusive: Erik Rush compares Obama executing ‘Marxist agenda’ to a cellblock rapist
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Posted: March 12, 2009
1:00 am Eastern
By Erik Rush
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“Starting today, we must pick ourselves up, dust ourselves off and begin again the work of remaking America.
– President Barack Obama, inaugural speech
In all honesty, I thought I’d be back to covering broader topics by now, meaning, this far out from the inauguration. Despite the evidence that Obama was a closet communist, at this point I presumed he’d have settled into being something slightly more to the left than Bill Clinton and work his evil incrementally.
But Obama’s been very bold. “Decisive action” (a phrase he favors) toward that which will raze our economy with all due speed (the American Recovery and Reinvestment Act and the Omnibus Spending Bill) speaks to his intent to execute a quiet revolution through which he and Congress will surely “remake America.” Consequently, there are several poignant instances of his duplicity every week.
It makes my job easy, but is small consolation.
Last October, one of my colleagues cited the strategy implemented by far-left members of Congress (and continued by the Obama administration) wherein entitlements and legislation such as the Community Reinvestment Act would be used to bring down America’s economy. This plan is quite unambiguous in its purpose and scope; in the desired scenario – which is being played out right now – the federal government steps in and nationalizes vast sectors of business.
Still, most Americans do not perceive the extremity of Obama’s exploits or the gravity of our situation. Why?
Yes, it’s becoming tedious, but nonetheless remains true:
The man is a pathological liar.
The establishment press has become his bureau of propaganda.
Each day, the president declares an intended purpose for a given action, yet neither history, nor reason, nor his track record suggest truth or the likelihood of a favorable long-term result for the nation. The agenda can’t even be called “hidden.” It’s in plain sight – assuming one’s eyes are not being misdirected.
That, as they say, is the rub.
The establishment press gives no airtime to experts with a pragmatic sense of economics. They don’t report the lavish soirees the Obamas have been throwing, or the harridan Nancy Pelosi’s squandering of taxpayer money on military jets to ferry her family and friends around the country. Not a word has been spoken with respect to Obama lying about banning earmarks and curtailing the influence of lobbyists. Most Americans would be amazed to learn that aggressor nations such as North Korea and Iran – which were supposed to have changed their tunes as soon as Obama was sworn in – have stepped up their anti-American rhetoric.
Most importantly, we don’t hear that Congress and the Obama administration are wiping their behinds with the Constitution and quite literally stealing billions of dollars from us on a weekly basis.
So, what does the press think ought to be important to Americans? An unbalanced baby machine with an Angelina Jolie complex, Rihanna’s Stockholm Syndrome, Miley Cyrus and, of course, global warming.
A few weeks ago, a television commentator in the alternative press suggested that Obama seemed to be attempting to “ram it through,” in reference to the urgency with which he promoted the stimulus bill. Indeed – like the proverbial cellblock rapist, our president is “ramming” as much of his Marxist agenda down our collective throats as quickly as he can. One would think he fears that someone might come around the corner at any second and catch him.
Perhaps there is a “point of no return” Obama is hurrying to reach, where the American people will be truly powerless to reverse the final implementation of his designs. Certainly it has been reached in other countries.
On March 10, Fox News’ Bill O’Reilly cited calls that Obama is a communist as over the top accusations of the far right.
Really?
If the far left learned anything from the collapse of the Soviet Union – which literally spent itself out of existence – no doubt it was that the best way to bring a powerful nation down was to break it economically.
When the government has appropriated or sufficiently devalued all private resources (read steals all our money):
a. We won’t have the means to resist.
b. We will be destitute.
c. We will be beholden to anyone who has the means to provide us aid.
And guess what? That very government will be the only entity capable of providing that aid. They will declare that the system (capitalism) has failed us, and that state control is our only hope.
We will be slaves.
While greed has been the motivating factor for many power brokers in government, this dismantling of the system has been the goal of those on the far left for decades. It is the vilest of conspiracies. I’ll leave it to the reader to decide what the penalty for this treason ought to be – for all concerned.
Step One: Steal underpants
Step Two: Something happens
Step Three: Make huge profits
It worked in South Park, why shouldn’t it work for Obama? He’s still in the middle of step one, but we’ll get to step three pretty soon.
A trillion dollars is nothing if you say it quickly. Have you noticed how Obama’s speech is getting faster and faster all the time.
I have one word President Obama & the Democrats should worry about come 2010: Stagflation.
The Democrats will try to blame the Republicans for stagflation, but it will not be credible.
4.Macko: Great stuff!-Can you send the links if poss. to those articles, or tell me where they’re posted? Great reference materials.
Check these out:
http://www.youtube.com/watch?v=o_xdBnFPqOI&feature=related
http://www.youtube.com/watch?v=rvcZiNt6ypI&feature=related
#1:
Short attention span theater – IIRC, the original “Best & Brightest” were the folks who got us into Vietnam. One would think that the left would be leery of inviting that kind of comparison. I know it makes ME skeptical.
Joseph Romm and the environmental wackos are slobbering over this. Most of them don’t know science. The petroleum ingredients in coatings is carbon that they fear.
http://climateprogress.org/2009/05/27/energy-steven-chu-white-roofs-geo-engineering-adaptation-mitigation/
Most of these slugs have never worked for industry. They have no idea that people have to work and eran money to pay for this.
Obama has brought the term hazardous waste from chemicals to finances.
#5 Rocketeer
That commentary from the WSJ is getting a lot of good play and it is beginning to be the song and dance resolution as to how the president plans to pull the rabbits out of the magic hat.
The good news is that 40% “get it”, and probably Obama and staff “get it”. The bad news is that 60% of the voting public and the lockstep congress wishfully think that fairness means getting something for nothing. Does the Axis of Evil “get it”?
This is what Keynes himself had to say…I get the feeling he would not approve of what the Obamistas are doing.
“Lenin was right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
Why should we?
We should because they come from us. The bell is tolling for us.
Jed: Does the Axis of Evil “get it”? Yes, they do. They are not stupid, they do not want to waste their once in a life time chances to profit from a perfectly good “crisis”. The “crisis” is not good for you or me, but is certainly good to those in power and those who are connected. E.g. How can ACORN make multimillions without the “crisis”?
“…congress wishfully think that fairness means getting something for nothing.” Fairness means feeding on the public trough for live. If that means raising taxes on a minority to buy votes from the majority, so be it.
Here’s my pathetic attempt at humor in this situation:
What is the difference the leprechaun and his pot of gold, and Obama?
The leprechaun’s pot is imaginary, and Obama’s pot will become real.
The Obama Dollar will be worthless,about like a peso. This will break all the states. Old people will be out in the streets. When we try to pay any country in the world with Obama Dollars,they will laugh in our face.
What’s the difference between Barak Obama and the king of Saudi Arabia?
The king didn’t bow.
Pop! Goes the weasel…
D-wah
Thats all I got. It came from here or an ann coulter forum. I hung on to it and send it out ever so often.
scares me
What do we do?
Has anybody noticed that ammunion since last year has tripled in price and is sold off of the shelf? That seems like panic and preparedness in the same pillbox.
Panic usually doesn’t work. What we may have here is a certain level of the population with foresight and experience who are not hypnotized by the deep preacher’s sonorious voice or blinded by the teleprompter who know that the bill for services is coming. There is another polorized population who will start getting the bill after the next budget and tax season.
I prefer the company of the skeptical and those who endeavor to maintain a level of critical thinking against the true believers.
For those who think and write and analyze, they are possibly supplying the ammunition of ideas that just may undo the idealogue before it is too late. Say something catchy.
Jed, we lower taxes on all levels including greatly reducing the corporate tax. Reducing taxes is the key.
Reducing taxes is the water to put out the fire; whereas, Obama’s Socialist government agenda is gasoline for the fire.
However, hyperinflation is already in the cards. Who do you blame? President Obama’s Porkulus & his Budget. On top of these things, Obama wants Socialized medicine & other stupid government programs which is more gasoline for the ever growing fire.
President Obama’s “solutions” are making things worse.
God is ready for a little Sodom and Gommorah time in Washington Dc, Chicago, LA. The only thing that will bring sanity to our world is to destroy those places and all the nasty people who contaminate it. There is absolutely NO MORE HOPE for change in those dark places. America’s goodness began to be overcome in 1960 with the rum running Kennedys. I have to avert my gaze to keep my sanity.
We can bring out the good folks like Alito and Scallia and maybe Roberts and Cantor, but the rest of them need a meeting with the angel of death. The ground needs salting after the fall.
“Dreamcoat” and “A Democrat” are anagrams.
I think the cracks are appearing. This trail balloon about the VAT is the result of some people in the government trying to tell The Great One that his wish list is bankrupting the nation, tax revenues are falling, the Chinks are upset, and now the treasury auctions of t-bills, t-notes, and t-bonds is not going well. So, his gnomes with the slates and chalk are trying to make the numbers work, but they can’t work unless more revenue is found.
Eventually, the cracks will get deeper and wider. At some point the whole Fantasy Edifice is going to fall apart, and the sheeple who voted for The Great One will finally begin to realize they’ve been had. Also, foreign policy will be a mess and our enemies are going to be emboldened to show their fangs and use them.
These are going to be a horrific four years. I hope we can recover from them. But first we have to get things moving in a different direction for 2010 and beyond.
Waltzing on the Titanic! Good phrase and I wish I had thought of it. My only consolation is that when it the bottom falls out the Obamites will suffer just like the rest of us. Of course it will still be “Bush’s fault” but that won’t buy them any bread to eat. Wait until the Treasury can’t pay us baby boomers our Social Security that we have been paying in to for our whole working lives. Then see how popular the Democrats will be.
The Democrats also want a 25% National Sales Tax to make up the lost revenues & help bring in Socialized Medicine, but the Democrat who proposed this bill refused to go on Neil Cavuto’s show; in fact, not one Democrat would go on to defend this idea. The Democrats want to hide the 25% National Sales Tax in some other bill.
This 25% Sales Tax is a bad idea & dead on arrival given the 2010 elections are coming. But one must be vigilant.
GOV’T OWES RECORD $63.8 TRILLION… After reading this article in The Wall Street I felt like I must had some simple terms even Liberals can understand .
To make those Mind Numbing Numbers far more understandable . America last year took in $ 757 Billion Dollars in Taxes . The entire American Economy in 2007 was 13.7 Trillion dollars .
The Interest on 63.8 Trillion dollars is our Current GDP is …. 10 Score and 7 approximately give or take a Dollar here and a dollar there.
Leap in U.S. debt hits taxpayers with 12% more red ink
Updated 9h 58m ago | Comments 962 | Recommend 21
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Taxpayers are on the hook for an extra $55,000 a household to cover rising federal commitments made just in the past year for retirement benefits, the national debt and other government promises, a USA TODAY analysis shows.
The 12% rise in red ink in 2008 stems from an explosion of federal borrowing during the recession, plus an aging population driving up the costs of Medicare and Social Security.
That’s the biggest leap in the long-term burden on taxpayers since a Medicare prescription drug benefit was added in 2003.
The latest increase raises federal obligations to a record $546,668 per household in 2008, according to the USA TODAY analysis. That’s quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and other debt combined.
“We have a huge implicit mortgage on every household in America — except, unlike a real mortgage, it’s not backed up by a house,” says David Walker, former U.S. comptroller general, the government’s top auditor.
FIND MORE STORIES IN: United States House of Representatives | Baby Boomer | Tax
USA TODAY used federal data to compute all government liabilities, from Treasury bonds to Medicare to military pensions.
Bottom line: The government took on $6.8 trillion in new obligations in 2008, pushing the total owed to a record $63.8 trillion.
The numbers measure what’s needed today — set aside in a lump sum, earning interest — to pay benefits that won’t be covered by future taxes.
Congress can reduce or increase the burden by changing laws that determine taxes and benefits for programs such as Medicare and Social Security.
Rep. Jim Cooper, D-Tenn., says exploding debt has focused attention on the government’s financial challenges. “More and more, people are worried about our fiscal future,” he says.
Key federal obligations:
• Social Security. It will grow by 1 million to 2 million beneficiaries a year from 2008 through 2032, up from 500,000 a year in the 1990s, its actuaries say. Average benefit: $12,089 in 2008.
• Medicare. More than 1 million a year will enroll starting in 2011 when the first Baby Boomer turns 65. Average 2008 benefit: $11,018.
•Retirement programs. Congress has not set aside money to pay military and civil servant pensions or health care for retirees. These unfunded obligations have increased an average of $300 billion a year since 2003 and now stand at $5.3 trillion.
***** SIMPLY PUT OBAMA IS DESTROYING AMERICA ON PURPOSE***** !
You all think the junkets to china are about us teaching them global warming? Nope. They are dominated about them screaming about america’s recent surge in fiscal stupidity which is a threat.
As an economist, I believe
china is more concerned about our depression resulting in ongoing decreases in sales than the short term increase of risk in our debt instruments. If we get more insolvent, we will start spending less which is the engine of their growth.
WASTE, FRAUD & ABUSE
What Obama big government is about.
http://greensrealworld.blogspot.com/2009/05/why-bigger-government-is-bad-thing.html
“Where is the money coming from?” Quantum Economics requires you to think of money as a positive charged electron that becomes usable when it is able to “capture” and circle the large mass nucleus of wealth created with its expenditure — an atomic model of the economy where money and wealth are not identical, but reciprocal atomic particles, each carrying an opposite, matching electrical charge. These charges then allow them to flow in opposite attracting “currents” through the economy. (“Currency” — get it. The proof that immortal money is oppositely charged from its matching consumable wealth is found in Gresham’s law, where money is treated in a way opposite to market wealth).
So, with this model the way to create new money is easy to enunciate, and easy to understand if not to do. Just require that all new money be used (by government in particular) to create and manufacture new market wealth worth more in the market than the cost to produce it. The measure of increase in value by the effort (profit) is the measure of the amount of new money that is being created by the effort. This is because all money in circulation does not have an inherent value — it only has a derivative value, derived from the inherent value of the market wealth that it is exchanged for. Free give aways from the government don’t count since don’t go into the market and they can’t render value to any money in circulation by attracting and absorbing it in exchange.
Increase profit, and you increase money. Money is congealed profit. This in a nutshell is why captitalism, the pursuit of profit, works, making us all richer as measured by the growth of money, the new presence of which allows for more creativity and production of usable, and cheaper, wealth. It is also why socialism, organized governmental consumption which adds nothing to the market and just uses up the money capitalism created, is doomed to the same starvation, cannabilism, work camps, gulags, societal breakdown and ultimate war and disease that we saw with Lenin in 1919-1921 and with Stalin ten years later and with Mao in the mid-50′s (and with Pol Pot, and Cesaescu, and Castro, and Kim Jung-Il, etc.). Not an accident folks. Which side of history does Obama really want to fall on?
(Just think if government decided to compete with the monopolists and oligopolists by creating a profit with its newly printed money instead of consuming it, we would not have to pay taxes and we’d all be alot richer by that fact alone. Dream on, but that’s your answer — Quantum Economics). There is no other.
Probably because there was not enough space available for the endless list of spending, one omission was glaring and that is the additional 600,000 government jobs promised by the impostor in the white house. That is another $30 billion a year for the taxpayers. And let”s not forget that creating jobs doesn’t mean sustainable jobs. If companies are unable to compete, those jobs will be lost – unless, of course the government subsidizes them with….more tax dollars, what else?
For Macko, nothing “brilliant” about what they the Statists are doing. After all, if you control the votes, it doesn’t take an Einstein to learn how to say “Yea”, and with an electorate dumbed down by the media and academia, it doesn’t require more than the glittering generalities of rhetoric and meaningless promises strongly delivered, and enough dead voters (the buried kind and the braindead kind) to win an election.
BIBLE VERSES OBAMA AVOIDS !
For reasons known only to him, President Obama avoids certain Bible verses:
Proverbs 19:10 (NIV): “It is not fitting for a fool to live in luxury – how much worse for a slave to rule over princes!”
Also Proverbs 30:22 (NIV) which says that the earth cannot bear up under “a servant who becomes king.”