When you hear people like Ben Bernake talk about the economy they are always telling the things that they think you want to hear. For most of us it works, but if you actually do some study on the issues you will realize that it's not true.
Obviously you know that Ben Bernake is the Chairman of the Federal Reserve Bank, at least if you ever watch a day of news in your life. He is also one of Obama's buddies, that explains the cheer leading that I refer to.
Reference: New York CNN Money News “
The economy lost some momentum recently, Ben Bernanke acknowledged Tuesday, but the Federal Reserve chairman is still optimistic that the recovery will pick up again in the second half of the year.”
If you like to hear the real facts you need to study what is going on here. First of all they are gauging the recovery based off of things that have happened in the past. That used to work until the housing market started getting creative with loans to the people buying that houses.
This is a little thing called Fannie Mae & Freddy Mack, these to two companies were built to help people who couldn't afford a house to buy one. Obviously the thinking was flawed in it's nature, but they didn't care they were making boat loads of cash for doing it.
They were giving sub prime loans on houses, and loans simply known as liar loans; on these loans people didn't even have to provide proof of income, or show that they had a job that would support the payments,and it backfired.
We all know what happened with this idea; when these people would first buy their houses they were worth a lot of money, and they were constantly gaining value, at a rate beyond which anybody had imagined, and the money rolled in.
But there were rough times ahead; in 2008 the housing market would crash, and when it did people would be berried in their homes, with a hose that was worth much much less then they owed. This would cause the banks to start foreclosing on the people that owned the homes.
Economic recovery 'close to faltering,' Ben Bernanke tells Congress, this is one of the first truths that this guy has ever told. There are cities that 80% of the home owners are under water, so it's time for some real truth here.
Definition of Sub Prime Loans: A type of loan that is offered at a rate above prime to individuals who do not qualify for prime rate loans. Quite often, subprime borrowers are often turned away from traditional lenders because of their low credit ratings or other factors that suggest that they have a reasonable chance of defaulting on the debt repayment. Learn more here
Definition of a Liar Loan: This type of loan was a loan where the banks didn't require any document to back what the borrowers were saying. So they could get away with murder when they bought a new home.
You can see where this is headed, in the end the housing market that was continually gaining in value would crash and take down the stock market with it. To stop the stock market from keeling over dead the Federal government would prop it up.
This was done by printing more money, and injecting in to the stock market; this would give a false indication that the markets were on the mend, and create more investor confidence in the markets. As we all know it hasn't worked, but you will never hear it from them.
Instead you will hear how they need to raise taxes to fix the problem. “Obviously not the correct answer during a recession” it's quite simple where they need to start, first of all they need to revise the current tax codes to fix our antiquated tax system.
But sorry this amounts to real work, and we all know that the Federal government doesn't want to work, they would rather fight and act like kids instead. You have just got to love the idiocy that we call the Federal government.
They need to help businesses to want to hire more people; here's the problem Obama would like to tax the very people who are creating jobs in this country by taxing people for making more then $250,000 per year, this will encompass almost every business in the country.
What they should do is own up to their mistakes and figure out a way to fix them without doing it off of the sweat of the people. No I am not a lover of the Wall Street people who helped cause this issue to happen, but by the same token it's not all of Wall Street that caused the problem, it's a few people.
I say make those people who caused the problems pay for their foolishness and leave the rest of Wall Street to do it's daily business. Wall Street is the engine that drives our country, and it should be left do do so.
In the United States was are capitalists, not socialists, or communists. It is not the fault of our system, or this country that this has happened, its the fault of a few misguided people who thought they could out smart the system and make a killing, well the system has issued a big “Got Ya” to these people.
So look for news in other places, read books or what ever you have to do, but you should always take what these people tell you with a grain of salt. You should be looking for ways to back o up your savings, and your retirement earnings.
Protect yourself because they will keep misleading you if it makes them look good. It's a game of spread the word, and if it's not the good word you smooth it over, and that is what Bernake the the Obama Horde does, and it's what they will keep doing.
Showing posts with label President Obama. Show all posts
Showing posts with label President Obama. Show all posts
Saturday, October 15, 2011
Friday, September 30, 2011
In The Beginning: The Destruction Of The USA
In the beginning the plan was to DE-industrialize our country and shift the power back to the government from the private sector. You may be thinking to yourself geez it's another paranoid blogger, another American gone insane with idea of retribution.
You may think there are thousands just like him on the net; these people who think that they know it all. That is most certainly not the truth with me, I'm just a normal American citizen who is fed up with a government that doesn't know how they work for.
I've had enough of the lies just to cover up the lies that came out of their mouths the sentence before that. The bottom line is that is was all planned, yes I said it a plan to take down our country so the elite morons can run this country and the world.
Remember as you read this article this is my way of putting across a point about what has happened, and is still happening to our once great country. I don't just pull the things that I say out of thin air, if you look in to it, and do some research of your own you can learn a lot of things and become enlightened to.
Most of the things that I say; I say them with a heavy heart and tears in my eyes, this hurts me to the core as a proud American citizen. I'm going to run down a list of 10 things that the government has done to brings down our country, remember this is through my eyes with no publication editors telling me what to say; or not to say so here we go.
10 Things That Have Paved The Way To The Demise Of Our Country
1. The DE-industrialization of The United States, moving the big steel manufactures out of this country in the 1980's was the start of a push toward a service based economy.
2. In the 1990's we started to depend on the Federal Government to regulate business, and banking more; this opened the door and got their foot in.
3. 1980's & 1990's the big union labor push to take control of all labor in this country, still going on now.
4. Corrupt politicians filling their pockets, and giving their buddies business all kinds of perks, and breaks.
5. In 2007 President Bush initiating the bailouts of the automotive industry, and the big banks.
6. In 2008 Enter Obama, the an even bigger strain on our country, and it's economy; more help for GE, and other friends of the Obama hoard.
7. Massive money printing to slow down the fall of our economy, jobs plans that didn't work because they were fundamentally wrong at the core.
8. Massive government borrowing to bail out the Federal Government from the hole that they have dug, huge looming debt of an almost unstoppable nature.
9. Not defending our nation's borders from illegal immigration, and by not doing so allowing them to come and go as they please.
10. The pushing of US jobs overseas, out sourcing puts the nail in the coffin so to speak.
These are just a few things; I could go on for ever. I'm not a doom and gloomer you could ask any of my friends I'm usually the biggest optimist out of them. But it's hard to see the light when their is just a pinhole sized beam of it that seems to get smaller every day.
You may think there are thousands just like him on the net; these people who think that they know it all. That is most certainly not the truth with me, I'm just a normal American citizen who is fed up with a government that doesn't know how they work for.
I've had enough of the lies just to cover up the lies that came out of their mouths the sentence before that. The bottom line is that is was all planned, yes I said it a plan to take down our country so the elite morons can run this country and the world.
Remember as you read this article this is my way of putting across a point about what has happened, and is still happening to our once great country. I don't just pull the things that I say out of thin air, if you look in to it, and do some research of your own you can learn a lot of things and become enlightened to.
Most of the things that I say; I say them with a heavy heart and tears in my eyes, this hurts me to the core as a proud American citizen. I'm going to run down a list of 10 things that the government has done to brings down our country, remember this is through my eyes with no publication editors telling me what to say; or not to say so here we go.
10 Things That Have Paved The Way To The Demise Of Our Country
1. The DE-industrialization of The United States, moving the big steel manufactures out of this country in the 1980's was the start of a push toward a service based economy.
2. In the 1990's we started to depend on the Federal Government to regulate business, and banking more; this opened the door and got their foot in.
3. 1980's & 1990's the big union labor push to take control of all labor in this country, still going on now.
4. Corrupt politicians filling their pockets, and giving their buddies business all kinds of perks, and breaks.
5. In 2007 President Bush initiating the bailouts of the automotive industry, and the big banks.
6. In 2008 Enter Obama, the an even bigger strain on our country, and it's economy; more help for GE, and other friends of the Obama hoard.
7. Massive money printing to slow down the fall of our economy, jobs plans that didn't work because they were fundamentally wrong at the core.
8. Massive government borrowing to bail out the Federal Government from the hole that they have dug, huge looming debt of an almost unstoppable nature.
9. Not defending our nation's borders from illegal immigration, and by not doing so allowing them to come and go as they please.
10. The pushing of US jobs overseas, out sourcing puts the nail in the coffin so to speak.
These are just a few things; I could go on for ever. I'm not a doom and gloomer you could ask any of my friends I'm usually the biggest optimist out of them. But it's hard to see the light when their is just a pinhole sized beam of it that seems to get smaller every day.
Thursday, August 18, 2011
Presidential Politics 2012
We have straw polls, real polls that actually mean something, and that we have the campaign. An event where some politician fills the American people full of false hope, and a boat load of lies. A bunch of just plain crap, they will get in office and play ball with special interest groups of all kinds.
As they stand on their podiums and basically kick mud in the face of every American, all they want to hear is a big yes we love you. They want to see people stand up and take their side, even though we know what they have done to our country un to now.
They have piled on so much debt that no man or god could undo it. But like every thing else they are looking for a way to do business as usual in Washington. They love back room deals, and the constant keeping the American people in the dark.
They court for your vote, they practically shove their tongue down your throat. As they continue to spread their lies, and their utter filth. During the first two years of the Obama admin that did not deal with the debt, or the budget, so now it's time to play the blame game.
It's time for more lies; do your remember when you were a kid and you fought with your brother or sister for the tv remote. It went something like this; no mine, no mine, and then you broke the remote and it was he did it, or she did it, it didn't matter if it was a lie as long you didn't get in trouble.
This is the same crap that these politicians are doing; they quite simply do not care about the American citizens, or this country, they only care that they stay in office so they can continue to play the people for fools as they drive a stake into the heart of this country.
They continue to play games with printing more money, and raising debt ceilings so they can pile on more debt. While the credit rating agencies are taking the AAA credit rating form this country. If these people would just do their damn jobs we might get our country back to normal some day.
Oh no they won't do that because it would be an end to the open wallet of this country for their use. No more parties at the White House, no more not placing your hand on your heart for the pledge. No more anti business crap, and no more tax hikes to fix the problems that you caused.
It would be a nice thing if they could maybe defend our borders, and keep the illegal scourge out of this country. It would be nice if they could just be Americans one damn time in their lives. It would be nice if they would ask what they can do for the country, not what the country can do for them.
As they stand on their podiums and basically kick mud in the face of every American, all they want to hear is a big yes we love you. They want to see people stand up and take their side, even though we know what they have done to our country un to now.
They have piled on so much debt that no man or god could undo it. But like every thing else they are looking for a way to do business as usual in Washington. They love back room deals, and the constant keeping the American people in the dark.
They court for your vote, they practically shove their tongue down your throat. As they continue to spread their lies, and their utter filth. During the first two years of the Obama admin that did not deal with the debt, or the budget, so now it's time to play the blame game.
It's time for more lies; do your remember when you were a kid and you fought with your brother or sister for the tv remote. It went something like this; no mine, no mine, and then you broke the remote and it was he did it, or she did it, it didn't matter if it was a lie as long you didn't get in trouble.
This is the same crap that these politicians are doing; they quite simply do not care about the American citizens, or this country, they only care that they stay in office so they can continue to play the people for fools as they drive a stake into the heart of this country.
They continue to play games with printing more money, and raising debt ceilings so they can pile on more debt. While the credit rating agencies are taking the AAA credit rating form this country. If these people would just do their damn jobs we might get our country back to normal some day.
Oh no they won't do that because it would be an end to the open wallet of this country for their use. No more parties at the White House, no more not placing your hand on your heart for the pledge. No more anti business crap, and no more tax hikes to fix the problems that you caused.
It would be a nice thing if they could maybe defend our borders, and keep the illegal scourge out of this country. It would be nice if they could just be Americans one damn time in their lives. It would be nice if they would ask what they can do for the country, not what the country can do for them.
Saturday, February 19, 2011
A List Of No No's That Obama Said Yes To
I could go forever with a list like this, but I will concentrate on the ones that I know you have heard about. First of all a few months back, behind closed doors at congress, using all brands of shady tactics. Obama and his horde of morons passed a nationalized health care bill.
With an overwhelming 70% of the American people against it, are you ready for the change. Against the American public he drives the country in to more debt, George H. Bush over an eight year presidency ran the country one trillion dollars in to the red.
Obama in 1.5 years has added another thirteen trillion eight hundred million dollars in to debt. You tell me who is doing a worse job. Obama promised to create jobs, yet still the jobless rate hovers at just below ten percent, that is huge.
The GDP has dropped from 3.8 percent last quarter, to 2.3 percent this quarter, how's that change working out for you now? The far left democrats are doing deals behind closed doors, so the public can't see what's going on, where is the transparency that Obama promised?
It's the good old boy Chicago politics at work; not to mention, where is Obama's proof of citizenship. He seems to use his minions to hide behind loopholes in the law to his best advantage. But look at what George H. Bush done, as I chuckle.
I am no fan of some of the crap that Bush pulled either, but he is far better then the entire Obama horde. As our country is getting overrun with illegal immigrants from Mexico, the feds are doing nothing. Oh don't get me wrong here, I know that this started way before Obama came along.
This is one of the things that Bush should have done something about, instead he wanted to please his buddy Vicnte Fox, then the president on Mexico. A little of the same thing that is going on here. Oh we must not show the Mexicans that there are consequences for breaking the law.
Just another show of the disdain for what the American public thinks, we are all just idiots in the eyes of congress. Just a bunch of baboons chained to a chair in front of the TV. Just a bunch of morons incapable of thinking for ourselves.
That is until it's time to vote, then we become the greatest people on the earth. Let's show them that the American people are not just a bunch of baboons chained to a chair in front of the TV. It's time that these morons understand that we can think for ourselves.
Go to the polls and vote down the incumbents, or vote out the current people in charge. Do what you think needs to be done to start the restoration of our country. If this continues to be the norm, we will lose all of our freedoms.
I have said this time, and time again. The more handouts you take from the government, the more power you give them, and the more power you give them, the less freedoms you have. It's communism waiting to happen.
With an overwhelming 70% of the American people against it, are you ready for the change. Against the American public he drives the country in to more debt, George H. Bush over an eight year presidency ran the country one trillion dollars in to the red.
Obama in 1.5 years has added another thirteen trillion eight hundred million dollars in to debt. You tell me who is doing a worse job. Obama promised to create jobs, yet still the jobless rate hovers at just below ten percent, that is huge.
The GDP has dropped from 3.8 percent last quarter, to 2.3 percent this quarter, how's that change working out for you now? The far left democrats are doing deals behind closed doors, so the public can't see what's going on, where is the transparency that Obama promised?
It's the good old boy Chicago politics at work; not to mention, where is Obama's proof of citizenship. He seems to use his minions to hide behind loopholes in the law to his best advantage. But look at what George H. Bush done, as I chuckle.
I am no fan of some of the crap that Bush pulled either, but he is far better then the entire Obama horde. As our country is getting overrun with illegal immigrants from Mexico, the feds are doing nothing. Oh don't get me wrong here, I know that this started way before Obama came along.
This is one of the things that Bush should have done something about, instead he wanted to please his buddy Vicnte Fox, then the president on Mexico. A little of the same thing that is going on here. Oh we must not show the Mexicans that there are consequences for breaking the law.
Just another show of the disdain for what the American public thinks, we are all just idiots in the eyes of congress. Just a bunch of baboons chained to a chair in front of the TV. Just a bunch of morons incapable of thinking for ourselves.
That is until it's time to vote, then we become the greatest people on the earth. Let's show them that the American people are not just a bunch of baboons chained to a chair in front of the TV. It's time that these morons understand that we can think for ourselves.
Go to the polls and vote down the incumbents, or vote out the current people in charge. Do what you think needs to be done to start the restoration of our country. If this continues to be the norm, we will lose all of our freedoms.
I have said this time, and time again. The more handouts you take from the government, the more power you give them, and the more power you give them, the less freedoms you have. It's communism waiting to happen.
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