Monday, March 23, 2009

Democrats and Obama run U.S. Economy into the ground in record time

Graphic shows budget proposal breakdown for fiscal 2010 and estimated deficit from 2009 to 2019
"This report should serve as the wake-up call this administration needs. We simply cannot continue to mortgage our children and grandchildren's future to pay for bigger and more costly government."—Congressman John Boehner, Minority Leader, R-Ohio
The Congressional Budget Office or the CBO, a nonpartisan government organization is reporting that Democrats under the leadership of President Barack Obama only needed just over 50 days with complete control of the government to run America into the ground.

Voters should have known how irresponsible Democrats where in the manner which they attacked the previous administration attempting to make the president fail. They did this, so that Democrats could gain power. Voters should have gotten a clue when Democrats attempted to sabotage the Iraq war effort under President Bush showing that Democrats are completely out of control. But Americans disregarded the warning signs.
By CBO's calculation, Obama's budget would generate deficits averaging almost $1 trillion a year of red ink over 2010-2019.

Worst of all, CBO says the deficit under Obama's policies would never go below 4 percent of the size of the economy; figures that economists agree are unsustainable. By the end of the decade, the deficit would exceed 5 percent of gross domestic product, a dangerously high level.
—Andrew Taylor
Not only that, voters only had to look how Democrat controlled states are being run into the ground. California for example has been controlled the Liberals and Democrats for decades. California is on the verge of bankruptcy. The California state senate has just approved an onerous $64Billion dollar tax increase. But did you know that California’s 7.25% sells tax is already the highest in the nation? April 1, 2009 will see California sells tax increased to 8.25% to 10.25% depending where you live in California. (see source)
"We were first to the bankruptcy door, but there are numerous cities right behind us and watching," says Osby Davis, Vallejo's mayor. "I think it's just a matter of time before many (California) municipalities go to the bankruptcy court.

"The troubles in Vallejo reflect what's happening up and down California, tarnishing the Golden State's image as a land of opportunity, innovation and good living. California often set standards for economic activity in good times; now it is setting them in bad times.
—William M. Welch (see story) and (here)
So why is anyone surprised at the CBO’s report that the Obama administration’s reckless spending spree will cost the American people $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush's presidency? That is what congressional auditors reported on Friday. (see story)

President Obama’s response? Obama said that his agenda is still on track! What?
But Obama insisted on Friday that his agenda is still on track.—Andrew Taylor
Well if your agenda Mr. President is to do worst than Bush then I’d say that you are well on your way! Going on Jay Leno and cracking on the Special Olympics may endear you to the constituency that blindly follow you and voted you into office but there are those even now that are looking at the fiasco that your policies are creating and they are rejecting your governess as madness! Take for instance the Hispanic newspaper La Prensa editorial below:

Washington has Gone Mad

September Storm
La Prensa Hispana 3/20/09
All of congress is now focused on AIG, the global financial and insurance giant congress bailed out with billions after AIG contributed hundreds of thousands to their election campaigns. Suddenly, congress has been inspired by a pseudo morality unseen in the history of the nation. Congress has been inspired to call for all of the AIG retention bonuses to be given back despite the fact all of them earned the bonuses based on contractual agreements on how long they would remain with AIG.

These are not performance bonuses, they are retention bonuses. Why not have congress also give back all the monies collected from AIG for their political races? Is this not a double standard being imposed by the same people who approved the billion dollar giveaway? That part is not even mentioned as if it had never happened. President Obama received $101,000 dollars and Chris Dodd head of the Senate committee who not only approved the AIG bailout funds but has oversight received more than that.

There are many politicians who had their hands out. Chuck Schumer the outspoken New York, Senator who wants to tax any bonus recipients by 100% somehow does not see his political campaign share as part of the problem. Peanuts when the level of corruption has risen into the billions. Signaling out specific Americans by the Senate to take away legally obtained earnings regardless of how unmerited we may feel those earnings are, is a dangerous precedent. Your legal right to ask for what you think you are worth has now been placed into question. At any time, the senate can determine retroactively you have been getting paid too much and get it all back. Of course, we as the taxpayers have no equal right. Sound fair to you? Far fetched? It is happening before your very eyes.

America has just been placed in the most tenuous socialistic position unimagined just a few months ago.

Five hundred men and women who we as Americans elected to represent us in congress and the senate have made the decision to encumber our nation for generations by shoveling out money as if there was limited time to empty out the nations coffers; Trillions, an amount too large to comprehend and certainly too large to ever, ever pay back. According to congress, American Taxpayers now own 80 percent of the trillion dollar giant, AIG. Really? List that on your asset sheet.

There is absolutely no way to understand the massive shift which is taking place under the guise of social welfare reform. Certainly all of us are in favor of supporting education and having better medical care opportunities but I doubt any one of us believe bankrupting our nation while taking on the beliefs of a Hugo Chavez or a Fidel Castro is of benefit to the United States.

Regardless of how much contradictory verbiage is directed at the American population, especially in California, the reverence given to the current administration will continue and they will not be held accountable for its actions. Obama is keeping his popularity by appearing on shows such as Jay Leno and pretending to be a rock star instead of a mature, savvy, experienced President of the United States we desperately need at the helm.

We all want America to get back on its feet but the inexperienced, clumsy approach being shown by the administration is exposing the way America does business and the underbelly of corruption in our own system. This unintended peek at business as usual politics should be examined carefully. It should be enough to wipe the star struck look off our faces but it won’t.

America is naïve enough to believe our leaders are special and there are no terrorists wanting to harm us. We are still believing the multi trillion dollar give away will be good for us and also choosing to believe bringing in the most hardened killers in the world now housed at Guantanamo into our realm of American judicial justice will soften their hearts. We seem to think by calling terrorists misguided souls it will somehow reduce the danger to levels of a Looney Tunes episode of the wily coyote and the roadrunner. Sheer fantasy ingrained in our national lunacy.

America, you are being hit with numerous reality slaps across the face and most of you have no awakening reaction. There must be an element of truth in global warming since something is definitely frying our brains. (see source)
It is true Liberalism is Madness! For the Obama administration to come in and push the U.S. economy over the brink by adding on its costly radical social agenda for change right in the middle of an economic collapse speaks to the lack of judgment that Obama, Liberals, Progressives and Democrats have.

Indeed Washington has gone Mad because the American voters unleashed the political virus of Liberalism directly into the mainstream of American politics and this virulent strain of Liberalism will do what all viruses tend to do, attempt to destroy its host as quickly and efficiently as it can.

I believe that President Obama would call that change! And it is. As death is change from life not all change is good change!


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