Aisha

The Obama Economic Plan Is Not Working

Obama Pushes Billion Dollar Train But Is Cutting Heating Subsidies For The Poor

Gallup: Unemployment Higher Than Obama Admitting

How George Bush Destroyed The U.S. Economy

Joe Biden: We Can't Replace The 8 Million Jobs Lost

The Government Twists Jobs Report To Hide Losses

How George Bush Destroyed The U.S. Economy

Thursday, February 10, 2011

GOP Attempts To Cut Funding To Obamacare

Barack Obama

Obamacare is scheduled to face another challenge next week, as Republicans in the U.S. House of Representatives, seek to cut funding to President Barack Obama’s Patient Protection And Affordable Health Care Act. The bill was passed in 2010, under much controversy and scrutiny.

President Obama used a Democrat majority in Congress, to ram the bill through, which has added a trillion dollars to the national deficit. U.S. Federal Reserve Chief, Ben Bernake, sternly warned this week, against the country's high national deficit. Republicans hope to cut the money supply next week in another vote. This is one of many measures the GOP is undertaking, in attempts to counteract the costly bill.

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STORY SOURCE

Monday, February 7, 2011

Obama Implores Businesses To "Hire And Invest"

Barack Obama

President, Barack Obama, made an appearance today at the U.S. Chamber of Commerce today, hoping to spur hiring among the nation's top companies. U.S. unemployment remains stubbornly high and national revenues are down. Obama addressed the gather, imploring them to hire and invest.

However, as the Judiciary Report stated two days ago, in the February 5. 2011 article "The U.S. Economy Takes Another Negative Turn" businesspeople are "nervous" about "investing" and "hiring" due to the government's current, costly economic plan that is not panning out. The head of the U.S. Federal Reserve, Ben Bernake, also made an about face and warned last week against the slow pace at which the economy is adding jobs, as it is derailing any possible recovery.

STORY SOURCE

Obama Presses Business Leaders to Hire and Invest

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Saturday, January 15, 2011

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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U.S. Unemployment Continues To Rise

Wednesday, December 8, 2010

Ben Bernake Didn't See The Financial Crisis Coming

The Government's False Sense Of Security

Ben Bernake

The US government claims it didn't see the recession (actually a depression) coming, yet for years, as attested by website statistics, they have read my websites that began predicting it in 2006 via the Sound Off Column. Did you not see it coming or ignored the warnings. There is a difference.

Many of my readers have followed the site for years and read the warnings as well and can attest to what has been published (in addition to the sites being time stamped and regularly copyrighted). Then the financial crisis hit in 2008, causing significant damage domestically, which spread to the international community.

The government keeps comparing the current economy to the one that existed during the Great Depression, erroneously claiming things are not that bad. However, they are comparing apples and oranges. America's population during the Great Depression was much smaller than it is today (315 million) with a different corporate landscape, creating greater liabilities and a dissimilar dynamic. Stop consoling yourself with false comparisons, as it is going to lead to massive trouble in the short term and long run, that if you do not fix today, will lead to corrosive, permanent financial damage tomorrow.

Once again the current crisis has surpassed the Great Depression in many respects. Those angles need to be looked at carefully by the government, which is missing the implications of failure on their part. The Great Depression did not have a record number of foreclosures, business failures, bank failures and segments of the country with record job losses as the overall picture.

This is in addition to the record high food stamp count the current depression maintains. Neither were there costly wars raging in the Middle East, adding to an already swollen federal budget, negatively contrasted by a soaring national deficit. Once again, apples and oranges and you are going the wrong way.

By God's grace the Judiciary Report foresaw the financial crisis and can see what's coming again. The terrible, escalated spending President Obama is still engaging in, combined with the fact the government refuses to raise taxes on the rich, whilst supporting untenable wars in the Middle East, shall lead to a greater, shall lead to an unprecedented financial calamity. It is poised to bring about the collapse of the U.S. federal government and deteriorate the American standard of living as never before.

The White House and Congress have taken an other detour to disaster in not raising taxes on the rich and reducing massive spending. If it is not corrected soon, things will turn very ugly. The 2008 financial crisis was caused by an illegal redistribution of the nation's wealth, in gouging the poor and middle class. It needs to be reversed, via a small tax increase on the rich, with the money placed in the Treasury to balance the deficit and compensate for tax cuts given to the middle class and lower income Americans.

To the rich citizens in America that gouged the poor and middle class and profited from terrible, unethical conduct that led to the financial crisis, you should be ashamed of yourselves. It was an act of treason against America. You have damaged the nation - the same one and your families live in.

In closing, you are quite deluded to believe you can continue abusing the poor and middle class and it not end in a revolt. The Judiciary Report is not encouraging anarchy, but if one looks back into world history, anytime the populace is abused to intolerable, unbearable levels, they revolt and it results in the calamitous fall of the wealthy.

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Down From The Pedestal

Wednesday, December 8, 2010 | 6:10 a.m. - Americans no longer think the U.S. economy is No. 1, a new Allstate/National Journal Heartland Monitor poll shows. In the global race for jobs and economic prosperity, the United States is No. 2. And it is likely to remain there for some time. That’s the glum conclusion of most Americans surveyed in the latest Allstate/National Journal Heartland Monitor poll.

Henry Luce famously labeled the 20th century the “American Century.” This survey suggests that most Americans now doubt that this new century will bear that name.

In the poll, only one in five Americans said that the U.S. economy is the world’s strongest—nearly half picked China instead.
http://nationaljournal.com

U.S. Fed Botched A $120 Million Dollar Printing Job

Your Tax Dollars At Work, People!

The U.S. Federal Reserve, headed up by Chairman, Ben Bernake, botched a massive money printing job, costing U.S. taxpayer $120,000,000. Just look at all those zeros. The error occurred when someone at the Federal Reserve messed up the design of one billion dollars in $100 dollar bills. This resulted in a massive batch of bills being quarantined totaling $100 billion dollars in value.

The bills were said to contain a new security measure to foil counterfeiters, but it turns out the government only foiled itself in this mission. Smooth. Something tells me this job would have turned out better had they let Kinkos or the UPS Store do it.

STORY SOURCE

Government can’t print money properly

Mon Dec 6, 9:36 am ET - As a metaphor for our troubled economic and financial era -- and the government's stumbling response -- this one's hard to beat. You can't stimulate the economy via the money supply, after all, if you can't print the money correctly.

Because of a problem with the presses, the federal government has shut down production of its flashy new $100 bills, and has quarantined more than 1 billion of them -- more than 10 percent of all existing U.S. cash -- in a vault in Fort Worth, Texas, reports CNBC. "There is something drastically wrong here," one source told CNBC. "The frustration level is off the charts."

http://news.yahoo.com

Tuesday, December 7, 2010

Bernake Defends Reckless Spending

U.S. Federal Reserve chief, Ben Bernake, did a telling interview with the CBS News program 60 Minutes. Voice quivering and eyes somewhat teary at points, he fired off a list of all he is planning to do in the hope of reviving the U.S. economy. He did not seem very sure of himself and the Judiciary Report is of the belief the proposed plans will not work.

Bernake stated he is open to the idea of spending an additional $600 billion or more, to buy bonds from banks, which he believes will stimulate the economy into a recovery, but the financial easing he has done thus far, to the tune of $3 trillion dollars, has been very ineffective. He would have gotten the same results had he eased his body.

Banks are hoarding money and President Obama is grossly overspending on programs and incentives that are not a priority during a financial crisis. Proper and long term jobs are not being created and the government is overpaying per position, which means less people are being hired on the job front.

Ben Bernake

The Democrats and Republicans are fighting in the U.S. Congress, not raising taxes on the rich, when the money is sorely needed to aid in repairing the very damage wealthy citizens caused the nation. Furthermore, any bank found not productively using funds furnished to them by the government, should be forced to return the money.

There currently exists no sound and viable job creation plan in America, hence unemployment skyrocketing. Bernake stated, in his estimation, it will take five years to replace the millions of jobs that have been lost, with unemployment sitting at roughly 10%.

He also stated something yesterday, which the Judiciary Report has been stating for a year. If the economy continues in the direction it is currently going, there will be no money to fund the federal government (see video at 9:40).

Barack Obama

Side Bar: How can Bernake state in the aforementioned video, it is not the right time to lower the deficit, yet Obama is spending a fortune on a non-priority, risky health care program that has added a massive amount to national debt (and saying as President, it is the time to lower the deficit). You can't have it both ways.

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