Remember all the toxic assets that brought our financial system to its knees? Well they still haven’t been dealt with. We cannot have a true economic recovery until these toxic assets are removed from the books. Obama promised his whiz Timothy Geithner would have a plan within weeks of his inauguration. [...]
“It may include groups and individuals that are dedicated to a single issue, such as opposition to abortion or immigration.” – Homeland Security
This used to be called “democracy” and “free speech” protected by the First Amendment to the Constitution. But under Obama, “Homeland Security” has become an instrument of oppression of opposing points of view. [...]
“But what is not just worrisome but dangerous are the growing trillion dollar deficits in the latter years of the Obama budget. These deficits are so large for a prosperous nation in peacetime — three times safe levels — that they would cause the debt burden to soar toward banana republic levels. That’s a recipe [...]
If you think Obama is doing all this spending to help America, you are wrong. Obama is using the recession to spend like crazy and expand government. Most experts are saying that his bank plan won’t work. Why would Obama offer a bank bailout that will not work? Well because he wants the government to [...]
“President Barack Obama’s budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush’s presidency, congressional auditors said Friday.”
At first Geithner said he is open to replacing the US dollar as the world’s reserve currency until he realized that the dollar fell on his [...]
Geithner wants sweeping new powers for Treasury over the private sector. The powers he is asking for are unconstitutional. The irony is the root cause of the economic crisis still has not been properly dealt with. These companies were forced to make ninja (no income, no job, and no assets) loans because of the Community [...]
“The most rational explanation for Obama’s puzzling conduct — sabotaging his own program by way of his own rhetoric — is that he truly wants to be forced to nationalize the banks in pursuit of his ultimate goal of a socialist economy.” -Dick Morris
Keep in mind this is the most liberal web site out there [...]
Update: Law to tax AIG bonuses 90% is unconstitutional:
Yet Congress, which created the problem in the first place, acted with consummate cowardice by trying to “claw back” the money through a punitive, 90% retroactive tax, one specially levied on those who work at AIG. It wants to do the same thing with recipients of TARP [...]
“The budget more than doubles the national debt held by the public, adding more to the debt than all previous presidents — from George Washington to George W. Bush — combined.” – WSJ
“…Obama’s plans are more grandiose than Bush’s. Obama wants to encourage green technology and energy independence, and move toward national health care. The [...]
“But I fear that this is only a bear-market rally if Obama’s tax-spend-regulate policies prevail.” – Mark Skousen, Economist
This is very good news that all indicators are up. What this means is that if Obama had waited on the stimulus we would not have needed it. None of Obama’s policies have made this [...]
