Category Archives: Stimulus

ObamaCare Penalty To Rip Off $4 Billion Dollars From America’s Poor

Source ObamaCare penalty to hit low-income Americans
Joint Committee on Taxation estimate that about four million people will pay a penalty because they are uninsured in 2016 “An estimated $4 billion will be collected from those who are uninsured in 2016, and, on average, an estimated $5 billion will be collected per year over the 2017–2024.”

ObamaCare rule tweak could trigger taxpayer bailout of health care insurers Obama administration risks violating federal law if it proceeds with a plan to transfer “potentially billions of dollars” in taxpayer dollars into ObamaCare to bail out insurance companies.

Hillary Clinton Now John Kerry Can’t Account For $6 Billion Contract Dollars

Source State Department can’t fully account for $6B worth of contracts
The State Department has a “serious” problem accounting for how it has spent billions of dollars on contracts all over the world, according to the official watchdog that oversees the sprawling department.

The Office of Inspector General, in a March 20 “management alert” to department leaders, said the department has failed to provide all or some of the files for $6 billion worth of contracts in the last six years.

“The failure to maintain contract files adequately creates significant financial risk and demonstrates a lack of internal control over the Department’s contract actions,” the memo said.

State Department contracting officials could not provide dozens of files for contracts supporting the U.S. Mission in Iraq. The value of the contracts in the missing files? $2.1 billion.

Another audit of the Bureau of African Affairs showed officials were unable to come up with “complete contract administration files” for any of the eight contracts under review. Their value was nearly $35 million.

Auditors ran into the same problem when reviewing $1 billion in contracts in the Bureau of International Narcotics and Law Enforcement Affairs.

USA population 317 million – Obama celebrates 7 million ObamaCare signups

The population of the USA is about 317 million people.

Obama celebrates calming that 7 million has signed up for ObamaCare.

Where are the other 310 million Americans?

If true, Obamas claim of 7 million ObamaCare signups is a single drop in a large bucket.

Once Again Obamam is misleading American Citizens.
Withholding some or all the true facts from American Citizens.

Obama’s Go Green Plan, Bleeding More Red Ink! Losing Yet Another $139 Millions Dollars

Source Taxpayers on hook for $139 million after loan to failed green automaker is sold
Tax Payers to Obama Three strikes and your Out. Obama and his White House Gang are still clueless!

Taxpayers are on the hook for a $139 million dollar tab after the U.S. Department of Energy gamble on a green automaker went into the red $139 million dollars filed bankruptcy.
Obama administration announced it will lose $139 million on a government loan to struggling electric car maker Fisker Automotive Inc.

This transaction brings to an end another effort by the Obama administration to use public funds to stimulate green initiatives. Awarded a $529 million loan guarantee by the administration in 2009 to produce the Karma, a $103,000 luxury hybrid car.

The government lost $528 million in the Solyndra collapse, (An Obama hand picked ‘Green’ Business”) triggering sharp Republican criticism of the loan program and President Barack Obama’s investments in green energy.

Department of Energy lost about $42 million on a loan to a shuttered Michigan company that made vans for the disabled. Vehicle Production Group, or VPG, suspended operations in February and laid off 100 workers.

The venture capital firm Kleiner, Perkins, Caufield and Byers where Al Gore is a partner was a seed investor in Fisker and spent $400,000 in 2009 and 2010 on lobbying. The firm helped push for the stimulus bill that handed out $90 billion in green energy programs.

Rep. Marsha Blackburn, R-Tenn., vice chair of the House Energy and Commerce Committee said” “Once again, American taxpayers are losing out to foreign investors due to the Obama administration’s failed green energy policies.” “Time after time this administration has fumbled the ball with their attempts to pick winners and losers when it comes to American energy.”

Attention Mr. Obama – Stop Your Whining About Spending Cuts

stop-whiners
Attention President Obama, Democrats and Republicans.

To cover the 85 billion dollar, 2013 budget cuts in spending.
Do what is right for America.
Take 85 billion out of the government coffee and doughnut fund and stop your damn whining.

85 billion out of a budget that is more than 1 trillion dollars for 2013, and a federal deficit of over 16 trillion dollars. 85 billion is a very small drop in a very large deficit bucket!

It’s A Good Start – 56,000 of Spains 68,000 Local Burocrats To Get Pink Slips.

Source Spain new law slashing local government costs to save $9.5 billion dollars
Finance Minister Cristobal Montoro said Friday that under the legislation, which will need to pass through parliament, the number of full-time paid local councilors will be reduced to 12,000 from 68,285 over several years.

Wages for city mayors will be limited to approximately €100,000 while mayors of towns with less than 1,000 inhabitants will no longer be paid.

Things Are Getting Better In America – Right?

Source Show This To Anyone That Believes That “Things Are Getting Better” In America Guest Post: Show This To Anyone That Believes That “Things Are Getting Better” In America By: Zero Hedge Submitted by Michael of The Economic Collapse blog,

How can anyone not see that the U.S. economy is collapsing all around us? It just astounds me when people try to tell me that “everything is just fine” and that “things are getting better” in America. Are there people out there that are really that blind? If you want to see the economic collapse, just open up your eyes and look around you. By almost every economic and financial measure, the U.S. economy has been steadily declining for many years. But most Americans are so tied into “the matrix” that they can only understand the cheerful propaganda that is endlessly being spoon-fed to them by the mainstream media.

As I have said so many times, the economic collapse is not a single event. The economic collapse has been happening, it is is happening right now, and it will continue to happen. Yes, there will be times when our decline will be punctuated by moments of great crisis, but that will be the exception rather than the rule. A lot of people that write about “the economic collapse” hype it up as if it will be some huge “event” that will happen very rapidly and then once it is all over we will rebuild. Unfortunately, that is not how the real world works.

We are living in the greatest debt bubble in the history of the world, and once it completely bursts there will be no going back to how things were before. Right now, we are living in a “credit card economy”. As long as we can keep borrowing more money, most people think that things are just fine. But anyone that has lived on credit cards knows that eventually there comes a point when the game is over, and we are rapidly approaching that point as a nation.

Have you ever been there? Have you ever desperately hoped that you could just get one more credit card or one more loan so that you could keep things going?

At first, living on credit can be a lot of fun. You can live a much higher standard of living than you otherwise would be able to.

But inevitably a day of reckoning comes.

If the federal government and the American people were forced at this moment to live within their means, the U.S. economy would immediately plunge into a depression.

That is a 100% rock solid guarantee.

But our politicians and the mainstream media continue to perpetuate the fiction that we can live in this credit card economic fantasy land indefinitely.

And most Americans could not care less about the future. As long as “things are good” today, they don’t really think much about what the future will hold.

As a result of our very foolish short-term thinking, we have now run up a national debt of 16.4 trillion dollars. It is the largest debt in the history of the world, and it has gotten more than 23 times larger since Jimmy Carter first entered the White House.

The chart that you see below is a recipe for national financial suicide…

U.S. National Debt

Of course things have accelerated over the past four years. Since Barack Obama entered the White House, the U.S. government has run a budget deficit of well over a trillion dollars every single year, and we have stolen more than 100 million dollars from our children and our grandchildren every single hour of every single day.

It is the biggest theft of all time. What we are doing to our children and our grandchildren is beyond criminal.

And now our debt is at a level that most economists would consider terminal. When Barack Obama first entered the White House, the U.S. debt to GDP ratio was under 70 percent. Today, it is up to 103 percent.

We are officially in “the danger zone”.

If things really were “getting better” in America, we would not need to borrow so much money.

Our politicians are stealing from the future in order to make the present look better. During Obama’s first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.

That is utter insanity!

If you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off.

So what is the solution?

Get ready to laugh.

The most prominent economic journalist in the entire country, Paul Krugman of the New York Times, recently suggested the following in an article that he wrote entitled “Kick That Can”…

Realistically, we’re not going to resolve our long-run fiscal issues any time soon, which is O.K. — not ideal, but nothing terrible will happen if we don’t fix everything this year. Meanwhile, we face the imminent threat of severe economic damage from short-term spending cuts.

So we should avoid that damage by kicking the can down the road. It’s the responsible thing to do.

You mean that we might actually do damage to the debt-fueled economic fantasy world that we are living in if we stopped stealing so much money from future generations?

Oh the humanity!

It is horrifying to think that all that one of the “top economic minds” in America can come up with is to “kick the can” down the road some more.

Unfortunately, neither Paul Krugman nor most of the American people understand that our financial system is actually designed to create government debt.

The bankers that helped create the Federal Reserve intended to permanently enslave the U.S. government to a perpetually expanding spiral of debt, and their plans worked.

At this point, the U.S. national debt is more than 5000 times larger than it was when the Federal Reserve was first created.

So why don’t the American people understand what the Federal Reserve system is doing to us?

It is because most of them are still plugged into the matrix. A Zero Hedge article that I came across today put it beautifully…

US society in a nutshell: Chris Dorner has been around for a week and has 222 million results on Google; the Federal Reserve has been around for one hundred years and has 187 million results.

If nothing is done about our exploding debt, it is only a matter of time before we reach financial oblivion.

According to Boston University economist Laurence Kotlikoff, the U.S. government is facing a “present value difference between projected future spending and revenue” of 222 trillion dollars in the years ahead.

So how in the world are we going to come up with an extra 222 trillion dollars?

But it is not just the U.S. government that is drowning in debt.

Just check out this chart which shows the astounding growth of state and local government debt in recent years…

State And Local Government Debt

All over the United States there are state and local governments that are on the verge of bankruptcy. Just check out what is going on in Detroit. The only way that most of our state and local governments can keep going at this point is to also “kick the can” down the road some more.

And of course most of the rest of us are drowning in debt as well.

40 years ago, the total amount of debt in the U.S. economic system (government + business + consumer) was less than 2 trillion dollars.

Today, the total amount of debt in the U.S. economic system has grown to more than 55 trillion dollars.

Can anyone say bubble?

The good news is that U.S. GDP is now more than 12 times larger than it was 40 years ago.

The bad news is that the total amount of debt in our financial system is now more than 30 times larger than it was 40 years ago…

Total Credit Market Debt Owed

At the same time that we are going into so much debt, our ability to produce wealth continues to decline.

According to the World Bank, U.S. GDP accounted for 31.8 percent of all global economic activity in 2001. That number dropped to 21.6 percent in 2011. That is not just a decline – that is a nightmarish freefall. Just check out the chart in this article.

We are becoming less competitive as a nation with each passing year. In fact, the U.S. has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

Most Americans don’t understand this, but the United States buys far more from the rest of the world than they buy from us each year. In 2012, we had a trade deficit of more than 500 billion dollars with the rest of the world.

That means that more than 500 billion dollars that could have gone to U.S. workers and U.S. businesses went out of the country instead.

So how does our country survive if hundreds of billions of dollars more is flowing out of the country than is flowing into it?

Well, to make up the shortfall we go to the countries that we sent our money to and we beg them to lend it back to us. If that doesn’t work, we just print and borrow even more money.

Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the world since 1975.

That is 8 trillion dollars that could have saved U.S. businesses, paid the salaries of U.S. workers and that would have helped fund government.

But instead, our foolish policies have greatly enriched China and the oil barons of the Middle East.

Sadly, politicians from both political parties continue to boldly support the one world economic agenda of the global elite.

Just consider how destructive many of these “free trade” deals have been to our economy…

When NAFTA was pushed through Congress in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars.

By 2010, we had a trade deficit with Mexico of 61.6 billion dollars.

Back in 1985, our trade deficit with China was approximately 6 million dollars (million with a little “m”) for the entire year.

In 2012, our trade deficit with China was 315 billion dollars. That was the largest trade deficit that one nation has had with another nation in the history of the world.

In particular, our trade with China is extremely unbalanced. Today, U.S. consumers spend approximately 4 dollars on goods and services from China for every one dollar that Chinese consumers spend on goods and services from the United States.

But isn’t getting cheap stuff from China good?

No, because it costs us good paying jobs.

According to the Economic Policy Institute, the United States is losing half a million jobs to China every single year.

Overall, more than 56,000 manufacturing facilities in the United States have been shut down since 2001. During 2010, manufacturing facilities in the United States were shutting down at a rate of 23 per day. How can anyone say that “things are getting better” when our economic infrastructure is being absolutely gutted?

The truth is that there are never going to be enough jobs in America ever again, because millions of our jobs are being sent overseas and millions of our jobs are being lost to technology.

You won’t hear this on the news, but the percentage of the civilian labor force in the United States that is employed has been steadily declining every single year since 2006.

Younger workers have been hit particularly hard. In 2007, the unemployment rate for the 20 to 29 age bracket was about 6.5 percent. Today, the unemployment rate for that same age group is about 13 percent.

If you are under the age of 30 and you aren’t living with your parents, there is a really good chance that you are living in poverty. If you can believe it, U.S. families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.

Our economy has been steadily bleeding huge numbers of middle class jobs, and many of those jobs have been replaced by low paying jobs in recent years.

According to one study, 60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.

And at this point, an astounding 53 percent of all American workers make less than $30,000 a year.

Oh, but “things are getting better”, right?

Maybe if you live on Wall Street or if you are an employee of the federal government.

But for most families this economic decline has been a total nightmare. Median household income in America has fallen for four consecutive years. Overall, it has declined by over $4000 during that time span.

Sometimes people forget how good things were about a decade ago. About three times as many new homes were sold in the United States in 2005 as were sold in 2012.

But we like to live in denial.

In fact, a lot of families are trying to keep up their standards of living by going into tremendous amounts of debt.

Back in 1983, the bottom 95 percent of all income earners in the United States had 62 cents of debt for every dollar that they earned. By 2007, that figure had soared to $1.48.

Fake it until you make it, right?

But how much debt can our system possibly handle?

Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

Total credit card debt in the United States is now more than 8 times larger than it was just 30 years ago.

We are a nation that is completely addicted to debt, but as the financial crisis of 2008 demonstrated, all of that debt can have horrific consequences.

As the economy has slowed in recent years, the Federal Reserve has decided that “the solution” is to recklessly print money in an attempt to get the debt spiral cranked up again.

Have they gone overboard? You be the judge…

Monetary Base 2013

And of course this won’t have any affect on the value of the money that you have been saving up all these years right?

Wrong.

Every single dollar that you own is continually losing value…

Purchasing Power Of The Dollar

Overall, the value of the U.S. dollar has declined by more than 96 percent since the Federal Reserve was first created.

As the cost of living continues to go up and wages continue to go down, millions of American families have fallen out of the middle class and into poverty.

If you can believe it, the number of Americans on food stamps has grown from about 17 million in the year 2000 to more than 47 million today.

But “things are getting better”, right?

Incredibly, more than a million public school students in the United States are homeless. This is the first time that has ever happened in our history.

But “things are getting better”, right?

There are now 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.

But “things are getting better”, right?

In 1999, 64.1 percent of all Americans were covered by employment-based health insurance. Today, only 55.1 percent are covered by employment-based health insurance.

But “things are getting better”, right?

Today, more Americans than ever have found themselves forced to turn to the federal government for help.

Overall, the federal government runs nearly 80 different “means-tested welfare programs”, and at this point more than 100 million Americans are enrolled in at least one of them.

According to the U.S. Census Bureau, 49 percent of all Americans live in a home that receives direct monetary benefits from the federal government. Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.

So is it a good sign or a bad sign that the percentage of Americans that are financially dependent on the federal government is at an all-time high?

And in future years the number of Americans that are receiving benefits from the federal government is projected to absolutely skyrocket.

Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse. It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

If you take a look at Medicare, things are very more sobering.

As I wrote recently, it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.

At this point, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years. That comes to approximately $328,404 for every single household in the United States.

Are you ready to contribute your share?

Social Security is a complete and total nightmare as well.

Right now, there are approximately 56 million Americans collecting Social Security benefits.

By 2035, that number is projected to soar to an astounding 91 million.

Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.

Oh, but don’t worry because “things are getting better”, right?

I honestly do not know how anyone can look at the numbers above and come to the conclusion that the economy is in good shape.

We have accumulated the largest mountain of debt in the history of the world, our economic infrastructure is being gutted, we are bleeding good jobs, government dependence is at an all-time high and we are getting poorer as a nation with each passing day.

But other than that, everything is rainbows and lollipops, right?

If you want to see the economic collapse, just open up your eyes.

And if dramatic changes are not made quickly, things are going to get much, much worse from here.

Please share this article with as many people as possible. Time is quickly running out and there are a whole lot of people out there that we need to wake up while we still can.

The Economic Collapse Is Happening

Why is common sense so uncommon?

Hungry Homeless People Are A Dangerous People

LONDON, European stock markets saw steep losses 02/14/2013, after weaker than expected euro zone GDP data confirmed the region slipped deeper into recession in the final quarter of 2012 and reminded investors of the persistent growth woes across the continent.

Bankia SA sank 12%, as Spain’s bank bailout fund reportedly said the bank’s shareholders face significant losses, as restructuring efforts could end in a “significant reduction” in nominal value of the shares.

Source Eurozone recession deepens as Germany falters
Only a matter of time. With many of its debt ridden euro partners in recession, Germany could only swim against the tide for so long. Figures February 2013 showed that output in Germany, Europe’s largest economy, contracted by more than anticipated in the last three months of 2012. And it was the German drop that lay behind a deepening of the recession across the economy of the 17 European Union countries that use the euro.

Eurostat, the EU’s statistics office, said the eurozone’s annual economic output shrank by 0.6 percent in the final quarter of 2012 from the previous three month period. The decline was bigger than the 0.4 percent drop expected in markets and the steepest fall (in 4 years) since 2009, when the global economy was in its deepest recession since World War II.

Eurostat figures show that seven eurozone countries are in recession – Greece, Spain, Italy, Cyprus, Portugal, The Netherlands and Finland. France, however, appears to be a greater cause for concern as its economy faces a number of problems that don’t trouble Germany as much. The French government has to keep a tight leash on its finances, unemployment is around 10 percent and its exporters are struggling, not least in the auto sector, with both Peugeot-Citroen and Renault struggling.

Source Greek unemployment hits record as poverty spreads
ATHENS, Greece, Unemployment in Greece rose to a record 27 percent in November as separate surveys on Thursday showed the country remains stuck in recession and predicted nearly a third of the population would be in poverty by the end of the year.

Statistics Agency said unemployment increased from a rate of 26.6 percent in October. More than 30,000 people lost their job in November with the jobless rate accelerating from earlier in the year. Worst affected are the young, with 61.7 percent of those in the 15-24 age group without a job.

Spanish unemployment at record high Unemployment in austerity gripped Spain has edged higher to 26.2pc, continuing a rise towards levels not seen since the end of the Franco dictatorship in the mid 1970s. Spain’s youth unemployment aged 16 to 24 without a job hit a new high of 55 percent.

The U.S. Unemployement rate creeps up to 7.9 percent. The number of people still receiving benefits under regular state programs after an initial week of aid dropped 130,000 to 3.11 million in the week ended Feb. 2. That was the lowest level since July 2008 and could reflect people exhausting their benefits. So called continuing claims had hovered around 3.2 million since late November and economists had viewed that as an indication of little change in the unemployment rate. The jobless rate rose 0.1 percentage point to 7.9 percent in January.

While companies are no longer aggressively laying off workers, they appear to be in no hurry to step-up hiring against the backdrop of still lackluster demand.

Why is common sense so uncommon?

Obama, Democrats And Republicans Big Fiscal Cliff Lie

Obama, Democrats And Republicans are telling the American public a huge, world class Lie about the so called fiscal cliff. The Fiscal cliff is really nothing more than a small ant hill.

Taxes Are Not, Are Not going up. That’s an Obama, Democrat and Republican lie to push their agendas on the American Tax payer. The Truth is after January 1, 2013, tax rates will simply return to the Tax rates during the Clinton administration years.

George W Bush pushed for and got a 10 year reduction on Clinton era tax rates. This temporary tax reduction was self terminating and was extended after Obama was elected president in 2008.

All this BS about a 1.2 trillion reduction in government budgets, that Obama, Democrats and Republicans are whining about is another world class Lie! This 1.2 trillion budget reduction act is spread out over a 10 year period. The real truth is, government budgets will be reduced 120 billion each year for 10 years. 120 billion out of our government budgets is coffee and doughnut money. It is not the end of the world as we know it!

Falling Off Fiscal Cliff – Better Choice For American Tax Payers.

Going over the so called Fiscal Cliff is a better choice for Americans than any plan being offered up by Obama, the democrat or republican parties.

Obamas first term plans have driven the U.S. economy more than 6 trillion dollars deeper into debt in his first 4 years in office.

Obama is still not satisfied and want’s to raise taxes to generate more tax dollars to spend on social and welfare programs without investing a dime in smaller government, smaller government budgets or in paying down Americas 16+ Trillion dollar debt.

Huge tax increases are set to kick in January 1, 2013 and 2014 to pay for ObamaCare, Obamas social welfare health plan.

Did Secret Democrat Operatives Misconduct At Polling Places Steal 2012 Election?

Voters told by Polling Place workers You Must Vote For Democrats

NYC polling place worker tells GOP Senate candidate Wendy Long, the Republican candidate for Senate in New York “You have to vote for Democrats”

Oregon elections worker fired after allegations of ballot tampering

Poll Watcher Threatened with Gun, Voter Punched in Detroit

Allegation of unions putting illegal immigrants on voter rolls clouds Nevada voting

New Black Panthers back at Philly voting site

Group home accused of taking patients to vote for Obama

Obama Portrait Displayed Inside DC Polling Place

Joe Biden’s Clown Act Drives Final Nail In Democrats Coffin

Joe Biden’s Clown Act during the VP debate was the final nail needed to close the Democrats reelection coffin.

Up until the VP debates I was leaning toward voting for Mitt Romney, but after Obama’s dismal debate performance with Romney and laughing Joe Biden’s clown act, I have now decided that a vote for any democrat would be a bad voting decision.

White House and Senate plans to stimulate the American economy, get 15 million unemployed Americans back into the workforce, 45 million Americans off welfare and food stamp (SNAP) programs. To protect Americans and American assets in foreign countries have All Been Colossal Failures.

Bank and financial institution bailouts, government guaranteed loans to failed ‘Green’ business has greatly contributed to Americans 16 trillion dollar national debt. Obama’s solution to border crime, failure to enforce federal laws to deport federal criminals ‘Illegal Aliens’, corruption at every level of government (GSA, US Marshals Service, Secret Service, VA, DHS, BATF, DOJ) it seems that prostitutes and booze out weigh government employee duties and moral obligations to America, and is a direct reflection on Obama’s inability to Lead America as it’s president.

Why is common sense so uncommon?

Obama, Clueless, A Failure As A Small Business Owner

Stupid-Remarks
Obamas remark to business owners ‘insulting’
Obama and his socialist agenda left-wing White House gang would fail as a small business vending machine owner/operator while he (Obama) waits for a government bureaucrat to restock his vending machines.

Obama said “business owners owe their success to government investment”. What a stupid thing to say.

Obama Arguing that business owners got help from others along the road to success and suggesting they should pay more in taxes. Obama said “If you’ve got a business, you didn’t build that. Somebody else made that happen.” {Sure they did, some government bureaucrat worked 18 hours a day, 7 days a week to make you a successful business!}

Obama is trying to create the intellectual space to take money away from people. He’s trying to say, ‘What you do on the playing field would never be possible without the help of the government.

Obama’s comment came just days after he urged Congress to extend tax cuts enacted during the Bush administration only to families earning less than $250,000 annually part of his argument that top earners have an obligation to pay more to trim the deficit. {Those making over $250,000 didn’t go on a crazy spending binge, spending almost $4 trillion dollars in 2 1/2 years. Obama did!}

Debbi Somers who runs Somers Furniture in Las Vegas and backed Obama in 2008 and now supports Romney said “the notion that businesses owe their success to government “isn’t necessarily true. We work 80 hours, and we live it, we breathe it, we sleep it,” she said.

The National Federation of Independent Business said “the president’s remarks over the weekend show an utter lack of understanding and appreciation for the people who take a huge personal risk and work endless hours to start a business and create jobs. I’m sure every small business owner who took a second mortgage on their home, maxed out their credit cards or borrowed money from their own retirement savings to start their business disagrees strongly with President Obama’s claim. They know that hard work does matter.”

Obama’s White House, Bad Energy Choice’s Cost Tax Payers Another $400 Million Dollars

Colorado-based solar firm that got DOE loan to file for bankruptcy
Abound Solar, a Colorado-based solar panel maker that received a $400 million loan guarantee from the Obama administration said Thursday it will file for bankruptcy.

Abound is the third clean energy company to seek bankruptcy protection after receiving a loan from the Energy Department under the economic stimulus law. California solar panel maker Solyndra and Beacon Power, a Massachusetts energy-storage firm, declared bankruptcy last year. Solyndra received a $528 million federal loan, while Beacon Power got a $43 million loan guarantee.

Congressional Republicans compared Abound’s failure to Solyndra’s collapse and said more failures were likely.

Rep. Jim Jordan, R-Ohio, chairman of a House oversight committee on stimulus spending said “Our government is not good at picking winners and losers in the marketplace but has certainly proved it is good at wasting taxpayer dollars.”

Under Obamas Stimulus Plan – American Families Net Wealth Has Decreased 40 Percent

Decline in the median net worth of American families since 2009 has decreased from $126,400 to $77,300 according to a new report from the Federal Reserve.
The Obama presidency has set the nation back two decades in wealth accumulation.

Obama’s administration has spent $Trillions of Tax Payer dollars in automobile company, bank and mortgage lending company bailouts and Obama’s idea of job stimulus plans during his first 3 1/2 years in office.

Unemployment is still stuck above 8 percent (8.2 percent), new home sales are at near all time lows, home and business foreclosures continue unabated. American workers wages are stagnated or in come cases slipping lower. Food cost is still on the rise. Cities and states are struggling to make ends meet to pay public servant employees. Social welfare programs are being cut and many services are being reduced or eliminated.

Obama’s promised Affordable health care for all has caused many health care providers and medical care insurance providers to double or even triple premiums to their customers. City and states have been forced to increase Tax Rates and fees in an attempt to balance city and state budgets.

I for one can’t afford another four years of Obama ideal’s and change for America.

Greece – Ilias Kasidiaris Queer Actions Towards 2 Female Members Of Parliament

Ilias Kasidiaris – Greek parliament – Queer Actions Towards 2 Female Members Of Parliament. Is Kasidiaris a closeted homosexual and fearful of women? What else could explain his Criminal Attacks on two female members for the Greek Parliament?

Ilias Kasidiaris extreme right party spokesman who caused an uproar last week by slapping one female politician on live TV and throwing a glass of water on another.

In a cowardly act, Kasidiaris avoided an arrest warrant for the confrontation last Thursday, by hiding out only resurfacing late Sunday after the arrest warrant had expired.

Kasidiaris had also been accused of attacking a student in 2007. Kasidiaris was due to stand trial Monday in a separate case, in which he is accused of participating in a 2007 attack on a student. This case was postponed to Sept 3. In it, he faces charges of assisting in a robbery and bodily harm after his car was allegedly used in the incident.

This accused criminal should be arrested and jailed without bail until both of these violent crime charges against him have resolved.

B.H. Obama And Campaign Strategist David Axelrod Still Don’t Have A Clue!

David Axelrod President Obama’s top campaign strategist said “the country needs to “accelerate” job creation in the private sector by hiring more teachers, police and firefighters.” {Axelrod Doesn’t have a clue who pays for public servant employees!}

How does Axelrod think adding more payroll expenses to city state and federal payrolls will benefit the private sector? City and state governments are crumbling under the burdens of huge budget short falls caused by falling tax revenues and reductions in federal subsidies to fund social welfare programs.

President Obama, is out of touch with reality and doesn’t have a clue! Obama said “Friday during a press conference that the private sector’s “doing fine.”

Americas unemployment at 8.2 percent and rising and 46 millions Americans receiving Food Stamp (SNAP) benefits, the private sector Is Not Doing Fine.

World Recession / Depression Looms

Greece economy is in shambles. Greece can not form a stable governing body, new elections set for mid June 2012.

Spain’s banking system is following Greece into economic collapse. Investors are withdrawing their money from Spanish banks at the rate of 33 billion Euro a month looking for safer countries and banks for their investment money.

Ireland, Italy and Portuguese banks are in extreme economic stress and all will fail without massive monetary bail outs from the European Central Bank(ECB) and the International Monetary Fund(IMF).

At some point even the ECB and the IMF will no longer be able to keep these countries economies from collapse dragging the U.S. and China into a 1930’s style Depression.

Europe’s offical unemployment rate is 11+ percent Spain, Italy and Greece unemployment is nearing the 25 percent rate and the unemployment rate for young adults, 16 to 25 year old’s is closer to 50 or 55 percent.

Obama’s Childish Reaction To White House Leadership Failures

White House pushing blame on Bush administration for GSA debacle

Obama administration responding to a report that shows (GSA) a federal agency spent more that $800,000 on a lavish conference near Las Vegas by putting blame on the Bush administration.

The Inspector General Office’s report last week about the 2010 General Services Administration conference outside of Las Vegas indicates the Obama administration knew about the trip since May 2010. But had not taken any corrective actions.

One video shows an [GSA] employee performing in a fake music video, which is laced with jokes and references that only federal employees are likely to get. In the lyrics, the employee sings: “Donate my vacation, love to the nation, I’ll never be under OIG [Office of the Inspecting General] investigation.”

The report found the Public Buildings Service, part of the General Services Administration, spent more than $840,000 tax payer dollars on the conference.

Obama’s Administration Looses $11 Million Tax Payer Dollars!

$11 million stimulus grant meant to provide low-income Detroit residents with clothing for job interviews reportedly aided just two people — far short of the 400 job-seekers the money was meant to help.

The findings were part of a new audit on the city’s Department of Human Services, according to The Detroit News.

The 2009 grant in question was used to start a service center — which included among other features a call center for families in need and a clothing boutique. However, the audit reportedly found the department did not safeguard the funding for that boutique, which was run by a contractor. According to the report, the contractor advanced nearly $150,000 to a city clothing store without involving the city government.

While the department was supposed to help 400 job-seekers with clothing between the fall of 2010 and 2011, the boutique instead came up with two documented cases where clients received clothing.

Source Document Stimulus money meant to help 400 Detroit job-seekers reportedly helped 2