The following editorial was written by my favorite economist Thomas Sowell explaining the erosion of our personal freedoms that has taken place under Barack Obama. This is an absolute must read for those of you who don’t keep up with politics and government enough to know what is and has been going on since this man was elected.

Just today there is news out that some brack Immigration Control Enforement officers are suing the administration because they are having their hands forced to disobey current laws on the books regarding illegal aliens. What this president has done is absolutely shocking.

News broke a few weeks ago where Obama was single handedly changing the work requirement from the welfare reform bill that President Bill Clinton and the Newt Gingrich lead congress had passed during his administration. Obama believes he can alter current laws on the books just because he disagrees with them.

According to Mark Levin, a president who knowingly does not uphold the current laws on the books or tries to unilaterally only abide by the ones he agrees with, can be impeached from office.

There are some very serious issues at stake in this year’s election — so many that some people may not be able to see the forest for the trees. Individual issues are the trees, but the forest is the future of America as we have known it.

The America that has flourished for more than two centuries is being quietly but steadily dismantled by the Obama administration, during the process of dealing with particular issues.

For example, the merits or demerits of President Obama’s recent executive order, suspending legal liability for young people who are here illegally, presumably as a result of being brought here as children by their parents, can be debated pro and con. But such a debate overlooks the much more fundamental undermining of the whole American system of constitutional government.

The separation of powers into legislative, executive and judicial branches of government is at the heart of the Constitution of the United States — and the Constitution is at the heart of freedom for Americans.

No president of the United States is authorized to repeal parts of legislation passed by Congress. He may veto the whole legislation, but then Congress can override his veto if they have enough votes. Nevertheless, every president takes an oath to faithfully execute the laws that have been passed and sustained — not just the ones he happens to agree with.

If laws passed by the elected representatives of the people can be simply over-ruled unilaterally by whoever is in the White House, then we are no longer a free people, choosing what laws we want to live under.

When a president can ignore the plain language of duly passed laws, and substitute his own executive orders, then we no longer have “a government of laws, and not of men” but a president ruling by decree, like the dictator in some banana republic.

When we confine our debates to the merits or demerits of particular executive orders, we are tacitly accepting arbitrary rule. The Constitution of the United States cannot protect us unless we protect the Constitution. But, if we allow ourselves to get bogged down in the details of particular policies imposed by executive orders, and vote solely on that basis, then we have failed to protect the Constitution — and ourselves.

Whatever the merits or demerits of the No Child Left Behind Act, it is the law until Congress either repeals it or amends it. But for Barack Obama to unilaterally waive whatever provisions he doesn’t like in that law undermines the fundamental nature of American government.

Obama has likewise unilaterally repealed the legal requirement that welfare recipients must work, by simply redefining “work” to include other things like going to classes on weight control. If we think the bipartisan welfare reform legislation from the Clinton administration should be repealed or amended, that is something for the legislative branch of government to consider.

There have been many wise warnings that freedom is seldom lost all at once. It is usually eroded away, bit by bit, until it is all gone. You may not notice a gradual erosion while it is going on, but you may eventually be shocked to discover one day that it is all gone, that we have been reduced from citizens to subjects, and the Constitution has become just a meaningless bunch of paper.

ObamaCare imposes huge costs on some institutions, while the president’s arbitrary waivers exempt other institutions from having to pay those same costs. That is hardly the “equal protection of the laws,” promised by the 14th Amendment.

John Stuart Mill explained the dangers in that kind of government long ago: “A government with all this mass of favours to give or to withhold, however free in name, wields a power of bribery scarcely surpassed by an avowed autocracy, rendering it master of the elections in almost any circumstances but those of rare and extraordinary public excitement.”

If Obama gets re-elected, he knows that he need no longer worry about what the voters think about anything he does. Never having to face them again, he can take his arbitrary rule by decree as far as he wants. He may be challenged in the courts but, if he gets just one more Supreme Court appointment, he can pick someone who will rubber stamp anything he does and give him a 5-to-4 majority.


Do you need more proof that Obama has no idea how to increase job creation. Over 3 and a half years in office the unemployment rate remains above 8% and just last month the unemployment rate increased in 44 of the 50 states. Only 2 states experienced a drop in the unemployment rate while the other 4 had flat numbers month over month.

Unemployment rates rose in 44 U.S. states in July, the most states to show a monthly increase in more than three years and a reflection of weak hiring nationwide.

The Labor Department said Friday that unemployment rates fell in only two states and were unchanged in four.

Unemployment rates rose in nine states that are considered battlegrounds in the presidential election. That trend, if it continued, could pose a threat to President Barack Obama’s re-election bid in less than three months.

Nationwide, hiring improved in July after three months of tepid job gains. But the national unemployment rate ticked up to 8.3 percent from 8.2 percent. Monthly job gains have averaged 150,000 this year. That’s barely enough to accommodate population growth. As a result, the unemployment rate is the same as when the year began.

Still, 31 states gained jobs in July, while 19 lost them. Unemployment rates can rise in a state even when more jobs are created if more people start looking for work. People who are out of work are counted as unemployed only if they’re looking for a job.

In the most closely contested states in the presidential race, unemployment has fallen over the past year. That could help Obama in his contest with GOP candidate Mitt Romney.

But it has started to tick up in recent months. In Nevada, the rate rose to 12 percent in July from 11.6 percent the previous month. That’s the highest rate in the nation, though it’s still much lower than a year ago, when it was 13.8 percent.

And in Michigan, the rate has increased to 9 percent, from 8.5 percent two months earlier.

Unemployment also increased in Florida, Virginia, North Carolina, Iowa, Pennsylvania, Michigan, Colorado, Wisconsin and New Hampshire.

The rate was unchanged at 7.2 percent in Ohio, the only swing state that didn’t suffer an increase. Still, that rate is down sharply from 8.9 percent a year ago.

Most competitive states have unemployment rates below the national level, so even recent increases may not have a large impact on voter sentiment.

Iowa’s unemployment rate, for example, increased to 5.3 percent, still the sixth-lowest in the country. New Hampshire’s rose to 5.4 percent and Virginia’s increased to 5.9 percent, both far below the national rate.

Only four swing states have higher unemployment rates than the national figure: Nevada, Michigan, North Carolina at 9.6 percent, and Florida at 8.8 percent.

Some battleground states reported large job gains that could lead to lower unemployment rates in coming months. Michigan added 21,800 jobs, the second-largest increase in the nation, after California. Michigan’s gains were mostly in manufacturing and government. Virginia reported the third-largest increase, 21,300, mainly in education and health care.

Most other battleground states added small numbers of jobs.

Unemployment rates and total jobs data are derived from two separate surveys and aren’t always consistent each month. But they tend to even out over time.

Many political scientists say voter attitudes may be shaped more by national economic trends than local or statewide changes.

Most Americans probably read or hear more news about the national economy than they do about their local areas, some experts say. And they may not attribute regional economic changes to presidential policies.

Overall, the economy hasn’t been growing fast enough to generate more hiring. It expanded at an annual rate of only 1.5 percent in the April-June quarter, down from 2 percent in the first quarter and 4.1 percent in the final three months of last year.

Tagged with:
 

The Democrats are in usual form trying to lie at every moment in speaking about Medicare. They are spouting off lies to try to scare senior citizens into voting for them this November. In reality, Romney/Ryan’s plan does not do anything to effect coverage for any senior citizen. The president and his cronies are going to do everything in their power to try to get reelected, even if it means lying.

This November, America will make a choice about the direction we want to go as a country – and nowhere is that choice clearer than on the issue of Medicare.

President Obama’s healthcare law raided $716 billion from the Medicare trust fund. And he did that to finance his takeover of the healthcare system.

Now if that wasn’t bad enough, his healthcare law also put in place a board of 15 unelected bureaucrats and gave them the power to make additional cuts to Medicare without even having to get approval from Congress. This means they could deny elderly Americans the care they’ve worked for their entire lives – all because President Obama trusts bureaucrats more than he trusts seniors and their doctors.

And here’s one more troubling aspect of all this: According to independent, non-partisan scorekeepers, these cuts the President’s people will take to Medicare won’t prevent it from going bankrupt: Experts estimate that Medicare’s trust funds will be exhausted just twelve short years from now.

Now there is good news, and that is there’s a better approach. Last November, I released a plan to save and strengthen Medicare – without making any changes for those that are 55 years of age and older. And then shortly after that, my running mate, Paul Ryan, he worked in a bipartisan way to advance a nearly identical series of reforms in Congress.

Now that he and I have teamed up, we’re going to ensure that seniors are protected from President Obama’s reckless actions. We’re going to take our solutions all the way to the White House.

We are going to start by repealing Obamacare. That law is threatening seniors, and it is a maze of new federal mandates, and taxes, and penalties that’s hampering job creation.

Once the partisan roadblock is removed, we can work with leaders from both parties to advance real solutions to save Medicare.

The Romney-Ryan plan will make no changes to Medicare for those that are retired or near retirement. And if we act soon, we can reorient our policies without asking seniors to reorganize their lives.

For younger Americans, we are going to strengthen Medicare by providing future retirees with federal financial support and letting them choose from a list of Medicare-approved coverage plans, including a traditional Medicare option.

The amount of financial support that a person would get would be adjusted based on their income; more help would go to the poor or the sick — and less help would go to those that are financially better off. It would be based on how much the plans cost so that seniors always have access to affordable, quality coverage. And no senior could ever be denied coverage for any reason.

The Romney-Ryan plan preserves and protects Medicare – and it guarantees the future of the program by forcing insurance companies to compete for business. Choice and competition will drive costs down and make quality better, resulting in more affordable, better care for our seniors.

We’ve got to save this critical program. You paid into it, and you’ve earned it. I think it’s outrageous that the President took $716 billion out of the Medicare trust fund to pay for Obamacare. No President should put in jeopardy your benefits. And no board of bureaucrats should ever be empowered to make decisions that could deny you the kind of care that you deserve.

This November, I hope you will reject President Obama’s cuts to Medicare. And I hope you will choose Paul Ryan and me to protect health and retirement security, to promote prosperity, and restore our economic growth.

Tagged with:
 


Why would the National Weather Service need to purchase large quantities of powerful ammo? That’s the question many are asking after the federal agency followed in the footsteps of the Department of Homeland Security in putting out a solicitation for 46,000 rounds of hollow point bullets.

A solicitation which appears on the FedBizOpps website asks for 16,000 rounds of .40 S&W jacketed hollow point (JHP) bullets, noted for their strength, to be delivered to locations in Ellsworth, Maine, and New Bedford, Mass.

A further 6,000 rounds of S&W JHP will be sent to Wall, New Jersey, with another 24,000 rounds of the same bullets heading to the weather station in St. Petersburg, Florida.

The solicitation also asks for 500 paper targets to be delivered to the same locations in Maine, Massachusetts and New Jersey.

The National Weather Service is is one of six scientific agencies that make up the National Oceanic and Atmospheric Administration (NOAA).

The solicitation requires a response by August 21.

The NWS is following its federal counterpart the DHS in securing large quantities of ammo. Back in March,Homeland Security purchased 450 million rounds of .40-caliber hollow point bullets that are designed to expand upon entry and cause maximum organ damage, prompting questions as to why the DHS needed such a large amount of powerful bullets merely for training purposes.

As the Business Insider notes, hollow point bullets have been “illegal in international warfare since 1899.”

The DHS is also planning to purchase a further 750 million rounds of different types of ammo in a separate solicitation that also expires on August 20, including 357 mag rounds that are able to penetrate walls.

The DHS recently put out an order for riot gear in preparation for the upcoming DNC, RNC and presidential inauguration. The U.S. Army is also busy buying similar equipment.

The DHS also recently purchased a number of bullet-proof checkpoint booths that include ‘stop and go’ lights.

The federal government is clearly gearing up for the likelihood of civil unrest on a scale that could outstrip what we’ve already seen in countries across Europe.

While the establishment demonizes the second amendment in light of recent mass shootings and legislation is prepared to ban the sale of large quantities of ammunition online, the federal government is acquiring ammunition at levels necessary to fight a full scale domestic war.


The Department of Homeland Security had purchased over half a ton of explosive nitrates that they wished to be delivered by the end of the month. They claimed its use was to train bomb sniffing canines. DHS has also put in an additional order of 750 million rounds of high-power ammunition.

Understand that this is in addition to the 450 million .40 hollow points ordered earlier in the year. This means that DHS has ordered in excess of a billion rounds of ammunition! And this administration was concerned over the Aurora shooter who had only 6.000?

PressTV writes about a study by Peter Tuchin titled “cliodynamics” in which scientists attempt to find meaningful patterns in history. It is possible that this may give us a clue. The article reads:

In the new study, Turchin, who reported his results in the July issue of the Journal of Peace Research, compiled historical data about violent incidents in U.S. history between 1780 and 2010, including riots, terrorism, assassinations and rampages.

The data indicates that a cycle of violence repeats itself every 50 years in America, like a wave that peaks in every other generation.

If Turchin’s model is right, then the current polarization and inequality in American society will come to a head in 2020. “After the last eight years or so, notice how the discourse in our political class has become fragmented. It’s really unprecedented for the last 100 years. So basically by all measures, there are social pressures for instability that are much worse than 50 years ago.”


In an absolute head scratcher, it has been learned that the social security administration is going to purchase 174,000 rounds of hollow point bullets. Why on earth is the SSA wasting money purchasing bullets. What on earth does Obama have in store for us to warrant such a purchase from a government organization that has nothing to do with military or police activities.

First it was the Department of Homeland Security, then it was the National Oceanic and Atmospheric Administration, and now the Social Security Administration is set to purchase 174,000 rounds of hollow point bullets that will be delivered to 41 locations across the country.

A solicitation posted by the SSA on the FedBizOpps website asks for contractors to supply 174,000 rounds of “.357 Sig 125 grain bonded jacketed hollow point pistol ammunition.”

An online ammunition retailer describes the bullets as suitable “for peak performance rivaling and sometimes surpassing handloads in many guns,” noting that the ammo is “a great personal defense bullet.”

The synopsis to the solicitation adds that the ammunition is to be shipped to 41 locations within 60 days of purchase. A separate spreadsheet lists those locations, which include the Social Security headquarters in Baltimore, Maryland as well as major cities across the country including Los Angeles, Detroit, Oklahoma City, Dallas, Houston, Atlanta, Denver, Philadelphia, Pittsburgh and Seattle.

Hollow point bullets are designed to expand as they enter the body, causing maximum damage by tearing apart internal organs.

It’s not outlandish to suggest that the Social Security Administration is purchasing the bullets as part of preparations for civil unrest. Social security welfare is estimated to keep around 40 per cent of senior citizens out of poverty. Should the tap run dry in the aftermath of an economic collapse which the Federal Reserve has already told top banks to prepare for, domestic disorder could ensue if people are refused their benefits.

Indeed, earlier this year the Department of Homeland Security ran a drill called Operation Shield which included turning the entrance of a Florida Social Security office into a checkpoint manned by Federal Protective Service officers armed with semiautomatic rifles.

“With their blue and white SUVs circled around the Main Street office, at least one official was posted on the door with a semiautomatic rifle, randomly checking identifications. And other officers, some with K-9s, sifted through the building,” reported the Daily Commercial.

A rash of solicitations by federal agencies for hollow point bullets in recent months has stoked fears that the government is preparing for civil unrest caused by a financial collapse on a scale similar or even larger to scenes already witnessed in Europe over the last two years.

As we reported yesterday, the National Oceanic and Atmospheric Administration (NOAA) has put out a contract for 46,000 rounds of hollow point bullets along with 500 paper targets.

Despite initially asking the bullets to be delivered to the National Weather Service, NOAA claimed this was a “clerical error” and insisted the ammunition was being sent to the Fisheries Office of Law Enforcement. Why powerful hollow point bullets that are designed to tear apart internal organs are needed for practice shooting at paper targets has not been explained.

Back in March, Homeland Security purchased 450 million rounds of .40-caliber hollow point bullets that are designed to expand upon entry and cause maximum organ damage, prompting questions as to why the DHS needed such a large amount of powerful bullets merely for training purposes.

This was followed by another DHS solicitation asking for a further 750 million rounds of assorted bullets, including 357 mag rounds that are able to penetrate walls.

The DHS recently put out an order for riot gear in preparation for the upcoming DNC, RNC and presidential inauguration. The U.S. Army is also busy buying similar equipment.

The DHS also recently purchased a number of bullet-proof checkpoint booths that include ‘stop and go’ lights.


If you want one good reason why I despise liberals, read the story below by Dinesh D’souza and his encounter with Barack Obama’s brother George Obama. In typical liberal fashion, Obama preaches sharing the wealth and being your brother’s keeper, however he doesn’t even lift a finger to help his very own flesh and blood brother George in his time of need.

You can also check out Obama and Biden’s charity donations from their latest tax bills. Obama contributed a relatively low percentage and Biden contributed less than 1% to charities. Look at most conservatives who are wealthy and they contribute substantial amounts of money to charities. This is just another way in which liberals preach one thing, and then do something else.

Another example in Al Gore. He goes around preaching global warming while utilizing hundreds times more energy than average humans use. He globe trots around the world on his fancy airplane, expending more amounts of energy all the while preaching to others that they should cut back due to global warming. After looking into Al Gore’s finances a little further, you notice his net worth increased over 100x from when he left political life until now. All of these gains came on the backs of the global warming scams which he has used to become a multi millionaire. Do you really think he gives a shit about what he espouses? He is only in it for the money…like most of these other liberal hypocrites.

Now read Dinesh D’souza’s story below and learn more about the real Barack Obama.

Dinesh D’Souza story:
A few days ago I received a call from a man I recently met named George. He was a bit flustered, and soon informed me that his young son was sick with a chest condition. He pleaded with me to send him $1,000 to cover the medical bills. Since George was at the hospital I asked him to let me speak to a nurse, and she confirmed that George’s son was indeed ill. So I agreed to send George the money through Western Union. He was profusely grateful. But before I hung up I asked George, “Why are you coming to me?” He said, “I have no one else to ask.” Then he said something that astounded me, “Dinesh, you are like a brother to me.”

Actually, George has a real life brother who just happens to be the president of the United States. (George Obama is the youngest of eight children sired by Barack Obama Sr.) George’s brother is a multimillionaire and the most powerful man in the world. Moreover, George’s brother has framed his re-election campaign around the “fair share” theme that we owe obligations to those who are less fortunate.

One of Obama’s favorite phrases comes right out of the Bible: “We are our brother’s keeper.” Yet he has not contributed a penny to help his own brother. And evidently George does not believe, even in times of emergency, that he can turn to his brother in the White House for help.

So much for spreading the wealth around.

Obama’s refusal to help George is especially surprising because George doesn’t just live in American-style poverty but rather in Third World poverty. He lives in a shanty in the Huruma slum in Nairobi. He gets by on a few dollars a month. Obama also has an aunt named Hawa Auma, his father’s sister, who ekes out a living selling coal on the streets of a small village in Kenya. She says she would like to have her teeth fixed, but she cannot afford it. Obama hasn’t offered to help her either.

What’s going on here? Why is President Obama so hesitant to help family members in need?

A couple of years ago, George teamed up with a British journalist Damien Lewis and the two of them published George’s story in a book called “Homeland.” Yet according to Lewis, shortly before the book’s publication in America, the publisher Simon & Schuster decided to shred the entire print run, more than 20,000 copies. Lewis tried unsuccessfully to get an explanation from Simon & Schuster but to no avail. He now suspects that the White House convinced Simon & Schuster that George’s story might prove embarrassing to the president.

In 2010, George also applied for a visa to come to the United States and was refused. While George confesses that in his younger years he was a delinquent, he has never been convicted of any crime. Moreover, he has a very good reason to visit the United States: his mother Jael Otieno lives in Atlanta. So why would the U. S. embassy in Nairobi refuse a tourist visa to the brother of the president who just wants to spend time with his mother?

In the past few days, an article has been circulating on the web that depicts George as a social undesirable. First published in the London Daily Mail, the article portrays George as a habitual drunk and philanderer. I spent a day with George this past February while interviewing him for my documentary film 2016: Obama’s America. I can attest that George is not an innocent. If he had been, he would not have survived life in the Huruma slum. Yes, George is street smart and cunning and I did smell alcohol on his breath.

But so what? George may be a drinker and a skirt-chaser but, as becomes clear from his book, he is also a survivor. He has overcome his past as a gang-member and petty thief and now works as the organizer of a slum soccer league. He is trying to uplift himself, and he is trying to help slum kids aspire to a better life. On balance, Lewis assures me, “George is not a bad guy. He is on the side of the angels.”

But even if Lewis is wrong, and George exhibits some harmful cultural pathologies, the liberal argument—one that Obama himself makes in his book “The Audacity of Hope” — is that the cultural pathologies of the poor are themselves the product of social disadvantage.

Barack Obama Jr. first met George in 1987, when George was five years old. He met George again in 2006 when he visited Kenya as a U.S. Senator from Illinois; George was then in his early twenties. Had Obama helped George along the way, perhaps this young man would not have ended up dirt-poor and living such a degraded life.

So what’s the real story here? Where’s George Obama’s “fair share”? George’s tragic situation exposes President Obama as a hypocrite. Here is a man who demands that others pay higher taxes to help the poor—even poor people who are not related to them—while Obama himself refuses to help a close relative like George.

Yet I believe there is a deeper explanation that goes beyond hypocrisy for why Obama wants nothing to do with George. After all, it would cost Obama so little to raise George out of poverty, and yet he won’t do it. This isn’t mere negligence; it suggests an active animus. The reason for that animus emerges in George’s book and also in my interview with George in the film 2016. In that interview, George rejects the anti-colonial philosophy that was espoused by Barack Obama Sr. This is the “dream from my father” that President Obama celebrates in his own autobiography.

From the record of their lives and writings, it’s clear that Barack Obama Sr. and Barack Obama Jr. both share the anti-colonial view that blames Western colonial exploitation for the poverty and suffering of the Third World. Yet George doesn’t buy it. He observes that at the time of its independence in the early 1960s “Kenya was on an economic par with Malaysia or Singapore. Look where we are now, and where they are. They’re practically developed and industrialized, while Kenya is still a basket case.” George believes that poor countries should take responsibility for their own situation. “What’s our excuse for failure? We don’t have one. We’ve only got ourselves to blame.”

Incredible though it seems, George Obama is, within the context of his own society, a conservative. He doesn’t worship at the shrine of Barack Obama Sr. and he espouses an ideology diametrically opposed to that of his father and his famous brother. George has experienced first-hand the empty rhetoric of the two Baracks, and he rejects it based on his actual experience of Third World poverty.

No wonder President Obama despises George, doesn’t want him around, doesn’t care to hear George’s views circulated in America, and won’t lift a finger to help him even when George’s son is in the hospital.

So that’s why George Obama felt he had to call me. He had no one else to call. He reached out to me in his time of need because he felt he couldn’t call on his real life sibling living at 1600 Pennsylvania Avenue.

That’s how I got to be, if only metaphorically and for a short time, George Obama’s “brother.”

Tagged with:
 


Ladies and gentlemen, I give you what a true intellect looks and speaks like in the video below in which he absolutely obliterates the huge lie which was that Obamacare would bring down health care costs.

I urge all of you to listen to this video and appreciate how a true intellectual speaks. Compare his speaking on facts and issues with the way that Obama speaks in platitudes and generalities.

Tagged with:
 


The Obama Record: The administration claims to have saved the U.S. auto industry. What it really saved was the industry’s dominant union — and it weakened capitalism in the process.

Michigan is one of those light-blue states where Mitt Romney just may have a chance on Nov. 6. Don’t be surprised, then, if Barack Obama’s re-election campaign carpet-bombs it with ads noting that Romney once said the auto industry should go bankrupt, and that the Obama administration found a better way.

In fact, two of the Big Three automakers did go into bankruptcy under Obama. But it was a bankruptcy like no other before and, we hope, no other to come.

Washington not only used taxpayer money to buy control of General Motors and Chrysler, but it also rewrote the rules on the treatment of creditors.

Superficially at least, the intervention worked, but it hasn’t been cheap. GM is back to making a profit, though it is struggling in Europe and once again has lost its No. 1 market share to Toyota. And the perennial problem child Chrysler is now in Fiat’s lap.

The administration sold its interest in Chrysler in July 2011, racking up a loss of $1.3 billion. It still holds 26% of GM and is riding the stock price down. With GM shares trading at just over $20, the taxpayer’s paper losses are at least $16 billion.

Those are just the obvious costs.

Subscribe to the IBD Editorials Podcast

The government’s tweaking of bankruptcy and tax rules freed GM from the usual limits on carrying pre-bankruptcy losses forward. Curt Levey, executive director of the conservative legal group Committee for Justice, estimates that this special tax break adds $18 billion to the cost of the GM deal.

Also, the bailouts would have cost much less if not for the favored treatment given to the United Auto Workers. According to analysis by the Heritage Foundation’s James Sherk and George Mason University law professor Todd Zywicky, the UAW giveaways were worth about $26 billion.

Most of this sum came in payouts — stock and notes — to settle debts owed by GM and Chrysler to a union’s Voluntary Employee Beneficiary Association, an entity set up to cover retiree health care costs. VEBA fared much better than other unsecured creditors and even those (at Chrysler) with asset-backed debt.

The administration also added to taxpayers’ costs by refusing to push for significant changes in compensation to current UAW employees.

Tagged with:
 


Obama is just out with new ads trying to spin the auto-bailouts in a positive light, when that couldn’t be further from the truth. Obama the Messiah is claiming to have saved the car industry by using taxpayer money to prop up General Motors and Chrysler. He even went on to say that he would like to do what he did with the car industry across all industries in America.

American citizens, be very afraid…very very afraid.
The american taxpayer is still down from around $61 billion dollars from this government intrusion into a piss poor managed car company that was basically destroyed by the union bosses and mismanagement.

…and guess what…

If the stock market keeps selling GM stock to new lows, the losses above are only magnified. The american taxpayer still owns 500,000 shares of GM stock which currently trades less than $20 a share. The problem with this, is the american taxpayer needs the stock to trade up to $53 just to break even on our purchase of those shares of the company.

Is this what Americans really want to see happen to other industries in our great country???

This president has proven beyond a shadow of a doubt that he has absolutely no idea how capitalism even works. Is it a wonder that this man has been unable to create 1 new net job since he took office less than 4 years ago? At currently employment levels, there are now 2 million fewer people in the work force than when he took office. Don’t believe his bullshit lies that the economy is doing better, because it is struggling along.

Did you see the most recent GDP data? It came in around 1.5%, which is absolutely awful.

Did you see the most recent unemployment data? It is still above 8% after nearly 3.5 years.

Have you seen the data on the amount of american citizens having to resort to some sort of government assistance just to get by? I am not talking about the lazy worthless bums who refuse to work, either. I am talking about proud citizens who enjoy working and earning their own keep. Government assistance is at it’s highest number EVER!!!

Have you seen the data on the amount of american citizens now having to rely on disability to make ends meet? Far be it from me to question whether or not these people are truly disabled, but the amount of people on disability has increased over 100% in just the last year.

Have you seen food prices lately? They are skyrocketing.

Have you seen gas prices lately? They have been hovering near that ridiculous $3-$4 level for the majority of his presidency.

Have you been keeping up with the rounds of golf this president has played, while the rest of us struggle to just get by? Well, he is up to 104 rounds of golf in less than 4 years as president.

Have you heard Obama articulate one way to stimulate the economy that actually has any merit lately? All he wants to talk about is class warfare. Let’s tax the rich more because they aren’t paying their fair share.

Does he really believe any amount of taxes raised on any class of people is going to create a single solitary job?

Do you still feel that this man is qualified to be president?

Do you feel he is qualified to successfully run any business, whatsoever?

Why on God’s green Earth are so many people still committed to voting for him?

What has he done correctly for the country?

Can he ever create a thriving economy?

Is it just coincidence that he sought out marxist professors in college?

Is it just coincidence that his mentor was dyed in the wool committed communist? (See Frank Marshall Davis)

Is it just coincidence that his father was a dyed in the wool committed communist? (Read Obama’s book Dreams of my Father)

What is it going to take to change you people’s opinion?

I want to know if you seriously believe that Obama has America on the right path back to prosperity for all?

Please…for the love of God, tell me what makes you believe the way you do.

 




panties.com Sexy Lingerie


Click Here to Earn Massive Wealth Online!