Obama Administration Admits Financial Hardships In America To Last A Long Time

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

Cornel West Denounces President Obama

Professor Cornel West and President Barack Obama

Prominent African-American Princeton professor, Dr. Cornel West, has publicly denounced U.S. President, Barack Obama, for becoming, “A black mascot of Wall Street oligarchs and a black puppet of corporate plutocrats.” Sadly, this is true.

West went on to state, “Where is the Democratic accountability on the Wall Street oligarchs and corporate oligarchs?… Geithner and Company tied to Wall Street? That is not encouraging at all.” Again, this is true.

Obama has sold his soul in allowing corporate interests to gouge and pillage the poor in America. He has been complicit in the terrible financial abuses, while letting rich criminals run free. Obama has publicly embraced corporate criminals, in exchange for massive campaign donations for his reelection bid, not realizing that money shall be worthless to that end, if the people, everyday people, fail to back him over brazen corruption. You think about that - what good will that campaign money do, when people decide we saw what you did and will not vote for you.

West is correct, as Obama has forsaken what is right and ethical, in favor of Wall Street and Hollywood corporations donations. He is treading a very treacherous path to being voted out in 2012 and will have no one but himself to blame for that disgraceful conclusion to his time as President.

Obama also needs to stop playing the race card with the black community, to keep us reeled in, while he sells out the rights and interests of the poor and middle class, to greedy corporate titans. People are suffering under the current economic climate, both black and white and there is nothing amusing or good about that.

STORY SOURCE

Cornel West Blasts Obama’s Failure to ‘Fight’ Wall Street Criminals

Cornel West yanks Obama’s credentials as a black man

Thank You Cornel West

A President Of Excess

Barack Obama

U.S. President Barack Obama, has come to symbolize excess in what should have been an age of austerity in America, to correct the nation's financial ills. The country is facing the worst financial crisis in modern times, yet the President spends lavishly on expensive vacations, engorged banks with an unprecedented infusion of taxpayer cash that they are hording, rather than putting it back in the economy and is gearing up for another White House decreed stimulus bill, according to statements being released from U.S. Treasury Secretary, Timothy Geithner.

In spite of all this record spending, the economy has not recovered by any stretch of the imagination, two years into his term. The national job and housing reports released this week attest to this painful fact. However, the White House, with Congress in tow, continues along the same path of financial imprudence and wasteful spending. I shudder to think what this endeavor is going to look like in two years, as the current numbers are not pretty.

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World Makes A U-Turn On Obama

Barack Obama - will it be "talk to the hand" or goodbye in 2012

World governments and international financial analysts have denounced the economic policies of U.S. President Barack Obama, as fiscally unsound and unproductive, posing a great danger to the global economy. Nations such as China, France, Germany and Brazil have publicly decried his financial initiatives.

Just two years ago, Obama was a Hollywood styled, rock star president, who seemingly could do no wrong. Now his poll numbers, much like the economy, are in the toilet. His spendthrift policies has devalued the U.S. dollar's influence in the world, with nations calling for it to be scrapped as the international currency of choice.

Fake television news anchors, Stephen Colbert (left) and Jon Stewart (right)

The Judiciary Report has no confidence in the Obama Administration's economic plans, as it greatly lack financial acumen and astuteness. An alarming report was released recently, stating Obama's Treasury Chief, Timothy Geithner, sought financial advice for the nation from Jon Stewart, an unoriginal, fake television news anchor.

Are you crazy. Has the government lost its ever loving mind. The man is a nincompoop with no understanding of economics or global politics. Much like the other day, Obama had actor, George Clooney, in the White House to discuss politics. This is insanity. However, once again, Hollywood is tanking the Democratic Party and damaging America in the process. Inmates running the asylum.

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Obama Appoints New Economic Watchdog

Treasury Secretary, Timothy Geithner (left), Barack Obama (center) and Elizabeth Warren (right)

U.S. President Barack Obama has appointed, Elizabeth Warren, as an economic watchdog, to act as a financial czar, monitoring the corporate abuse of consumers. Warren will act as an assistant to President Obama in the newly established Bureau of Consumer Financial Protection. The concept is a good one. Time will tell if it works and it certainly needs to, as there is rampant fraud in the corporate sector.

Artificial Growth - Part 2

U.S. President Barack Obama (left) and Treasury Secretary, Timothy Geithner (right)

In the October 30, 2009 article "Artificial Growth" the Judiciary Report stated, President Barack Obama's financial plans and initiatives, would only create short term growth, which is insufficient to remedy what ails America's economy.

One year later, the Judiciary Report, has been proven correct, as mainstream news outlets are reporting this month, as the President's Cash For Clunkers program, First Time Home Buyers tax rebate and temporary Census job positions have ended, the U.S. economy is once again registering massive declines. National car and home sales are down and unemployment is up once again, reaching 9.6 percent. Foreclosures also continue to rise, signaling the President's homeowners programs have been unsuccessful.

These are indicators the economy is regressing and to great degrees, indicative of a recession turned depression. The financial plans the President utilized, only provided artificial growth, which translates into temporary results, not worth the debt it cost to bring it into being.

Former President, George W. Bush, failed to fix the economic problems he created while in office, with irresponsible spending and outright deceit. Bush lied about the price tag of his administration's programs and greedy endeavors (see: wars in Afghanistan and Iraq to pilfer oil and precious metals worth trillions).

Bush then released false economic numbers to cover the massive damage he had done to America, which was unloaded on the Obama administration. However, no long term solutions have been provided in the 18-months Obama has been office, which regrettably saw him spend more money than any other president in U.S. history

The turnover has not been worth the capital expended. The Judiciary Report warned almost two years ago, sensible spending, kept to a minimum, on fruitful, lasting job creation was the way, but the government has and continues to, focus on quick fixes that have and will fail again. This is not the way.

U.S. Economy Still In Trouble

U.S. President Barack Obama

The U.S. commerce data released for the month of March 2010, reveals the economy is still in trouble, as companies continue to shed a massive number of jobs, home sales are down and national revenue is significantly lagging.

This has confounded the current U.S. Treasury Secretary, Timothy Geithner, but it should not have, as this site has maintained for many months, too much government spending is transpiring on initiatives that are not fruitful in reviving an economy. President Obama has made many changes to America that are not panning out, due to bad timing and overspending.

US treasury secretary Geithner says unemployment is 'terribly high'

Thursday 1 April 2010 16.59 BST - Geithner says Obama is hugely concerned about jobless rate - The treasury secretary Timothy Geithner warned today that US unemployment was "terribly high" and would remain "unacceptably high for a very long time".

The Obama administration was "very worried" about the jobless rate, Geithner said in an interview, which has soared to almost 10% in the wake of the worst economic downturn since the depression...

http://www.guardian.co.uk