Barack Obama, like a circus clown, is taking his flim-flam “stimulus” scam on the road. The road Obama is traveling on is the Road To Ruin.
The bamboozlement tour, starts by annoying the citizens of Elkhart, Indiana. Obama will drone on in a town hall to desperate citizens of Elkhart which has an unemployment rate of over 15%. Obama will employ fear to force through his save Dimocrats in 2010 “stimulus” scam.
Obama will also torment the nation tonight. There will be a news conference at 8:00 p.m. (ET). Big Media will fawn and fantasize about having sex with Obama.
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Obama, along with Big Media, will hide the full economic looting of the economy. Obama will first try to force through his flim-flam “stimulus” and after that generational theft is accomplished – Americans will glimpse the other thefts, generational and otherwise, that Obama is planning.
We have been a lonely voice warning about the coming Obama Social Security Treachery. We have explained how Obama’s coming Social Security Treachery is tied to the whole of the “stimulus” scam and the other plans to loot the American economy.
We opposed the rush-rush bailout scams of late 2008 and watch with apprehension as the bailouts continue without oversight or planning. We noted in our bailout opposition that Hillary Clinton offered “solutions” while Obama offered “feel-good counseling“.
Obama will be on the Road to Ruin today and tomorrow we will learn new details of the continuing scam. Treasury Secretary Geithner will keep his mouth shut today and somehow try to get capital injections, private leveraging and other schemes to bail out the big dollar gamblers who lost on Wall Street – even as the government sucks up whatever credit there might be – with massive deficits.
It would send a thrill up our leg to have Big Media ask Obama how Treasury Secretary Geithner and Obama think there will be any credit left for the private economy when the government will suck up with massive deficits whatever credit there is available. We’d like to hear an answer from Obama supporters or supporters of the flim-flam “stimulus” scam to this credit question too. [Hint: We suspect Obama intends to loot Social Security and to get the Federal Reserve to buy treasury bills to keep the financial scam in a federal loop scam.]
We don’t expect to get any thrills up our leg anytime soon by Big Media asking Big Media tool Barack Obama real questions regarding his latest flim-flam. However, we are happy to see John McCain repeating what we have been saying – that the Republicans were wrong in the past and now Obama is doing the same wrong.
Sen. John McCain, R-Ariz., a vocal critic of the stimulus bill, complained that Republicans won’t be involved in the final negotiations. ”That’s the way the Bush administration, when we Republicans were in charge — that’s the way we did business,” he said. ”But I thought we were going to have change.”
The Republicans under Bush wanted to loot Social Security too. Remember Social Security? Remember when a real American President told us not to fear and put America on the Road to Prosperity and Security?
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The Obama Road To Ruin is slowly getting mapped. It’s an ugly map:
The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages.
The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years and pledged to provide up to $5.7 trillion more if needed. [snip]
Only the stimulus package to be approved this week, the $700 billion Troubled Asset Relief Program passed four months ago and $168 billion in tax cuts and rebates approved in 2008 have been voted on by lawmakers. The remaining $8 trillion in commitments are lending programs and guarantees, almost all under the authority of the Fed and the FDIC. The recipients’ names have not been disclosed.
“We’ve seen money go out the back door of this government unlike any time in the history of our country,” Senator Byron Dorgan, a North Dakota Democrat, said on the Senate floor Feb. 3. “Nobody knows what went out of the Federal Reserve Board, to whom and for what purpose. How much from the FDIC? How much from TARP? When? Why?”
The pledges, amounting to almost two-thirds of the value of everything produced in the U.S. last year, are intended to rescue the financial system after the credit markets seized up about 18 months ago. The promises are composed of about $1 trillion in stimulus packages, around $3 trillion in lending and spending and $5.7 trillion in agreements to provide aid.
Federal Reserve lending to banks peaked at a record $2.3 trillion in December, dropping to $1.83 trillion by last week. The Fed balance sheet is still more than double the $880 billion it was in the week before Sept. 17 when it agreed to accept lower-quality collateral. [snip]
The $9.7 trillion in pledges would be enough to send a $1,430 check to every man, woman and child alive in the world. It’s 13 times what the U.S. has spent so far on wars in Iraq and Afghanistan, according to Congressional Budget Office data, and is almost enough to pay off every home mortgage loan in the U.S., calculated at $10.5 trillion by the Federal Reserve. [snip]
Commitments may expand again soon. [snip] The Treasury said it would delay the announcement until after the Senate votes on the stimulus package.
Bloomberg News does not even know the full map of the Obama scams and looting of the American economy. Bloomberg requested details of Fed lending under the Freedom of Information Act and filed a federal lawsuit against the central bank Nov. 7 seeking to force disclosure of borrower banks and their collateral. Arguments in the suit may be heard as soon as this month, according to the court docket.
Obama is a flim-flam scam man. Hillary Clinton was on to him a long time ago. Hillary warned Americans that Obama was repeating irresponsible Republican talking points. Hillary Clinton clued Americans in on Social Security and treasury bonds and Fiscal Responsibility:
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President Bill Clinton in 1993 took the nation on the road to prosperity. We’ll listen to Bill Clinton in his first State of the Union speech today, not the flim-flam man Obama. [Full Bill Clinton transcript and video HERE.]
“President Clinton gives his first address before a joint session of Congress. He gives the economy his primary focus. He advocates for an emphasis on investment rather than consumption as well as a reduction in the federal deficit, government inefficiency, and government spending.”
When Presidents speak to Congress and the Nation from this podium, typically they comment on the full range in challenges and opportunities that face the United States. But this is not an ordinary time, and for all the many tasks that require our attention, I believe tonight one calls on us to focus, to unite, and to act. And that is our economy. For more than anything else, our task tonight as Americans is to make our economy thrive again.
Let me begin by saying that it has been too long, at least three decades, since a President has come and challenged Americans to join him on a great national journey, not merely to consume the bounty of today but to invest for a much greater one tomorrow.
Like individuals, nations must ultimately decide how they wish to conduct themselves, how they wish to be thought of by those with whom they live, and later, how they wish to be judged by history. Like every individual man and woman, nations must decide whether they are prepared to rise to the occasions history presents them.
We have always been a people of youthful energy and daring spirit. And at this historic moment, as communism has fallen, as freedom is spreading around the world, as a global economy is taking shape before our eyes, Americans have called for change. And now it is up to those of us in this room to deliver for them.
Our Nation needs a new direction. Tonight I present to you a comprehensive plan to set our Nation on that new course. I believe we will find our new direction in the basic old values that brought us here over the last two centuries: a commitment to opportunity, to individual responsibility, to community, to work, to family, and to faith. We must now break the habits of both political parties and say there can be no more something for nothing and admit frankly that we are all in this together.
The conditions which brought us as a nation to this point are well-known: two decades of low productivity, growth, and stagnant wages; persistent unemployment and underemployment; years of huge Government deficits and declining investment in our future; exploding health care costs and lack of coverage for millions of Americans; legions of poor children; education and job training opportunities inadequate to the demands of this tough, global economy. For too long we have drifted without a strong sense of purpose or responsibility or community.[snip]
I well remember 12 years ago President Reagan stood at this very podium and told you and the American people that if our national debt were stacked in thousand-dollar bills, the stack would reach 67 miles into space. Well, today that stack would reach 267 miles. I tell you this not to assign blame for this problem. There is plenty of blame to go around in both branches of the Government and both parties. The time has come for the blame to end. I did not seek this office to place blame. I come here tonight to accept responsibility, and I want you to accept responsibility with me. And if we do right by this country, I do not care who gets the credit for it.
The plan I offer you has four fundamental components. First, it shifts our emphasis in public and private spending from consumption to investment, initially by jumpstarting the economy in the short term and investing in our people, their jobs, and their incomes over the long run. Second, it changes the rhetoric of the past into the actions of the present by honoring work and families in every part of our public decision-making. Third, it substantially reduces the Federal deficit honestly and credibly by using in the beginning the most conservative estimates of Government revenues, not, as the executive branch has done so often in the past, using the most optimistic ones. And finally, it seeks to earn the trust of the American people by paying for these plans first with cuts in Government waste and efficiency; second, with cuts, not gimmicks, in Government spending; and by fairness, for a change, in the way additional burdens are borne.
Bill Clinton was a president who cared about the economy and put people first. Dimocrats were angry with Bill Clinton because he did not allow them to spend and spend. On the contrary, Bill Clinton knew social progress and a strong military and defense and prosperity depended on fiscal responsibility.
Every word of Bill Clinton’s address that night are worth reading. Here are some snips of more of what he said:
Tonight I want to talk with you about what Government can do because I believe Government must do more. But let me say first that the real engine of economic growth in this country is the private sector, and second, that each of us must be an engine of growth and change… To create jobs and guarantee a strong recovery, I call on Congress to enact an immediate package of jobs investments of over $30 billion to put people to work now, to create a half a million jobs: jobs to rebuild our highways and airports, to renovate housing, to bring new life to rural communities, and spread hope and opportunity among our Nation’s youth… Second, our plan looks beyond today’s business cycle because our aspirations extend into the next century. The heart of this plan deals with the long term… a deficit reduction program that will increase the savings available for the private sector to invest… both increased investment and deficit reduction… The spending cuts I recommend were carefully thought through in a way to minimize any adverse economic impact… switch the balance in the budget from consumption to more investment… the boldest targeted incentives for small business in history… We propose to attack this credit crunch which has denied small business the credit they need to flourish and prosper…
That was a president Americans could trust. That was a president who knew what he was doing. That was a qualified, experienced leader.
Bill Clinton presented a comprehensive plan to the American people that night. Americans knew the road Bill Clinton was on and specifically how he intended to take us with him, on a budget basis and on a well planned program by program basis.
As Obama oppresses Americans with his droning dull attacks on logic and reality we will listen to real leaders. We will listen to leaders we can trust. We will listen to leaders who are qualified and ready to lead on Day 1.
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Hillary Clinton spoke to young people worried about Social Security and the economy. Hillary is a leader we can trust. Hillary Clinton is a qualified leader – ready on Day 1.
Hillary Clinton spoke the truth during the primaries. Obama flim-flammed. Hillary Clinton spoke the truth about the economy and Social Security and the dangers of doing what sounded good, like lifting Social Security caps without restraint.
Real leaders, qualified leaders, leaders ready on Day 1 walk the road to prosperity, opportunity and security.
Barack Obama travels the road with thugs and thieves. Barack Obama travels the Road to Ruin.