Thanks, Obama! Geithner Says “Many Americans Will Face Hard Times For a Long Time to Come” (Whatever Happened to the Recovery?)

July 12, 2011

WASHINGTON (AP) — Treasury Secretary Timothy Geithner (GYT’-nur) says many Americans will face hard times for a long time to come.

He says President Barack Obama will keep working to strengthen the economy. But Geithner says will be some time before many people feel like the country is recovering.

Geithner tells NBC’s “Meet the Press” that it’s a very tough economy. He says that for a lot of people “it’s going to feel very hard, harder than anything they’ve experienced in their lifetime now, for a long time to come.”

From:  http://news.yahoo.com/geithner-says-hard-times-continue-many-150523958.html


Thanks, Obama! The Coming Economic Hell for American Families

July 12, 2011

Tens of millions of American families are about to go through economic hell and most of them don’t even realize it.

Most Americans don’t spend a whole lot of time thinking about things like “monetary policy” or “economic cycles”.  The vast majority of people just want to be able to get up in the morning, go to work and provide for their families.  Most Americans realize that things seem “harder” these days, but most of them also have faith that things will eventually get better. 

Unfortunately, things aren’t going to get any better.  The number of good jobs continues to decline, the number of Americans losing their homes continues to go up, people are having a much more difficult time paying their bills and our federal government is drowning in debt.  Sadly, this is only just the beginning.

Since the financial collapse of 2008, the Federal Reserve and the U.S. government have taken unprecedented steps to stimulate the economy.  But even with all of those efforts, we are still living in an economic wasteland.

So what is going to happen when the next wave of the economic crisis hits?

During one recent interview, Peter Schiff made the following statement….

“If you look at the economic relapse that’s going on right now, look at Friday’s abysmal job numbers, look at the housing numbers, understand that all of this is taking place with record monetary and fiscal stimulus. What happens if we remove those supports?”

At the end of June, the Federal Reserve’s quantitative easing program is slated to end.  The U.S. Congress and state legislatures from coast to coast are talking about budget cuts.  The amount of borrowing and spending that has been going on is clearly unsustainable, but will the U.S. economy start shrinking again once the current “financial sugar high” has worn off?

If most Americans had good jobs, could afford their mortgages and could pay their bills, the economy would not be such a big issue.

Unfortunately, times are really tough for American families right now and they are about to get a lot tougher.

*Jobs*

The official unemployment rate just went up to 9.1 percent, but that figure only tells part of the picture.

There are some areas of the country where it seems nearly impossible to find a decent job.  Millions of Americans have fallen into depression as they find themselves unable to provide for their families.

According to CBS News, 45.1 percent of all unemployed Americans have been out of work for at least six months.  That is a higher percentage than at any point during the Great Depression.

Just two years ago, the number of “long-term unemployed” in the United States was only 2.6 million.  Today, that number is up to 6.2 million.

Can you imagine being out of work for 6 months or more?

How would you survive?

So will things get any better soon?  Well, there were only about 3 million job openings in the United States during the month of April.  Normally there should be about 4.5 million job openings.  The economy is slowing down once again.  Good jobs are going to become even more rare.

There are millions of other Americans that are “underemployed”.  All over the United States you will find hard working Americans that are flipping burgers or working in retail stores because that is all they can get right now.

Most temp jobs and most part-time jobs don’t pay enough to be able to provide for a family.  But there are not nearly enough full-time jobs for everyone.

Sadly, the number of “middle class jobs” is about 10 percent lower than a decade ago.  There are simply less tickets to the “good life” than there used to be.

*Homes*

But without good jobs, the American people cannot afford to buy homes.

Without good jobs, the American people cannot even afford the homes that they are in now.

U.S. home prices have fallen 33 percent since the peak of the housing bubble.  That is more than they fell during the Great Depression.

This decline in housing prices has caused a lot of problems.

28 percent of all homes with a mortgage in the United States are in negative equity at this point.  There are millions of American families that are now paying on mortgages that are for far more than their homes are worth.

Millions of American families literally feel trapped in their homes.  They can’t afford to sell their homes, and if they simply walk away nobody will approve them for new home loans for many years to come.

Many Americans are sticking it out and are staying in their homes until they simply can’t pay for them anymore.

As the number of good jobs continues to decline, the number of Americans that are losing their homes continues to rise.

For the first time ever, more than a million U.S. families lost their homes to foreclosure in a single year during 2010.

If the economy slows down once again and millions more Americans lose their jobs this problem is going to get a lot worse.

*Bills*

Even if they aren’t losing their homes yet, millions of other Americans families are finding it increasingly difficult to pay the bills.

Wages have been very flat over the past few years and yet the cost of most of the basics just seems to keep going up and up.

According to Brent Meyer, a senior economic analyst at the Federal Reserve Bank of Cleveland, the cost of food and the cost of energy have risen at an annualized rate of 17 percent over the past six months.

Have your wages gone up by 17 percent over the past six months?

As 2009 began, the average price of a gallon of gasoline in the United States was $1.83.  Today it is $3.77.

American families are finding that their paychecks are going a lot less farther than they used to, but Ben Bernanke keeps insisting that we have very little inflation in 2011.

Most Americans don’t care much about economic statistics – they just want to be able to do basic things like take their children to the doctor.

According to one recent survey, 26 percent of Americans have put off doctor visits because of the economy.

Sadly, soon a lot more American families will not be able to afford to go to the doctor.

According to one recent survey, 30 percent of all U.S. employers will “definitely or probably” quit offering employer-sponsored health coverage once Obamacare is fully implemented in 2014.

As the economic situation has unraveled, an increasing number of people are being forced to turn to the federal government for assistance.

One out of every six Americans is now enrolled in at least one anti-poverty program run by the federal government.

Some of the hardest hit members of our society have been our children.  Today, one out of every four American children is on food stamps.

Back in the old days, a large percentage of American families were self-sufficient, but that is no longer the case.

Back in 1850, approximately 50 percent of all Americans worked on farms.

Today, less than 2 percent of Americans do.

So these days when American families can’t feed themselves what do they do?

They turn to the federal government of course.

At the moment, approximately 44 million Americans are on food stamps.

But our federal government cannot afford to spend money like this forever.

According to a recent USA Today analysis, the U.S. federal government took on $5.3 trillion in new financial obligations during 2010.  USA Today says that the U.S. government now has $61.6 trillion in financial obligations that have not been paid for yet.

Wow!

Who is going to end up paying that bill?

So with so much bad news, are our leaders alarmed?

Not really.

According to Federal Reserve Chairman Ben Bernanke, “growth seems likely to pick up somewhat in the second half of the year.”

Yeah, we’ll see how that prediction works out.

Others are not so sure that everything is going to turn out okay.

Recently, James Carville warned that we could literally see rioting in the streets if the economic situation does not turn around soon. 

The truth is that America is in decline.  Just like with all of the great empires of the past, our empire is starting to crumble too.

A recent article in the Guardian touched on some of the reasons for America’s decline….

“The experience of both Rome and Britain suggests that it is hard to stop the rot once it has set in, so here are the a few of the warning signs of trouble ahead: military overstretch, a widening gulf between rich and poor, a hollowed-out economy, citizens using debt to live beyond their means, and once-effective policies no longer working. The high levels of violent crime, epidemic of obesity, addiction to pornography and excessive use of energy may be telling us something: the US is in an advanced state of cultural decadence.”

The economic news is only part of the puzzle.  This country has rejected the ancient wisdom that was passed down to us and we have rejected the principles of our founding fathers.

We have piled up the biggest mountain of debt in the history of the world and yet somehow we expected that everything would turn out okay.

Well, everything is not going to turn out okay.

All of this debt is going to come down on us like a ton of bricks and the U.S. economy is going to continue to fall apart.  Millions of American families are going to lose their jobs and their homes.

Economic hell is coming.

You better get ready.

From:  http://theeconomiccollapseblog.com/archives/the-coming-economic-hell-for-american-families


Obama Has Quietly Installed Muslims In Key U.S. Security and Foreign Policy Positions

July 12, 2011

The US president appears to have embarked on a deliberate strategy to embrace radical Islam by partnering with Islamic organizations calling for the demise of the United States, and by assigning Islamists to key strategic positions that oversee the security of the nation, aspects of the judiciary, and as intimate aides to high level administration appointees.

The Administration’s public position is that these relationships are in the best interest of the United States in promoting tolerance in America and democracy in the Middle East. In reality, they raise poignant and unthinkable questions as to whether this president has violated his oath of office and several U.S. laws by facilitating an Islamic takeover of America.

One need look no further than the Administration’s embracing of the Muslim Brotherhood (MB) and high level appointments of Muslims who are directly associated with the MB or have ties to organizations associated with the MB.

Secretary of State Hillary Clinton’s top aid since 1996 is Huma Abedin. Former Palestinian terrorist now converted Christian Walid Shoebat says that Abedin was never properly screened.

Shoebat reports that Abedin “is closely associated with her Muslim family and even joined Clinton at an event with her mother, Saleha Abedin, at Dar El-Hekma College in Saudi Arabia. Also present was a close associate of Saleha Abedin — Suheir Qureshi.

Qureshi’s name later appeared in several prominent Arab newspapers when it was revealed that she belonged to a list of 63 members of the secret arm of the Muslim Brotherhood called The Sisterhood. The full list was later revealed — Huma Abedin’s mother is on it. Huma’s brother — Hassan Abedin — also collaborates with Omar Naseef and Sheikh Yusuf al-Qaradawi, two of the most influential terror supporters in the world.”

Clinton recently overruled the Immigration and Nationality Act by allowing Tariq Ramadan entry into the United States. Ramadan, described as an independent power center within the MB, is the grandson of the founder of the MB. He has been banned from traveling in the US since 2004 for his contributions to Hamas and links to radical Islamists.

Clinton also announced on the eve of the July 4th holiday that the United States welcomes dialogue with the Muslim Brotherhood, prompting this response from Frank Gaffney, Jr. at the Center for Security Policy:

“The Obama administration chose the eve of the holiday marking our nation’s birth to acknowledge publicly behavior in which it has long been stealthily engaged to the United States’ extreme detriment: Its officials now admit that they are embracing the Muslim Brotherhood (MB or Ikhwan in Arabic). That would be the same international Islamist organization that has the destruction of the United States, Israel and all other parts of the Free World as its explicit objective.”

The MB was founded in 1928 to establish global Sharia Law through jihad. The Administration states that the MB denounces violence and promotes democracy. In reality, the MB is the umbrella organization that supports various terrorist groups including Hamas, Hezbollah, and al Qaeda. For example, Egyptian Ayman al-Zawahiri, al Qaeda’s new commander, joined the MB when he was 14.

The MB also has an extensive network in the United States through various vassal organizations including: Muslim American Society, Islamic Society of North America, Muslim Students Association, Muslim Businessmen Association, Muslim Youth of North America, Mercy International Association, Islamic Circle of North America, Muslim Arab Youth Association, The Association of Muslim Social Scientists. The Council on American Islamic Relations (CAIR) is closely associated with many of these organizations.

The MB, with a public facade of non-violence, promotes democracy as a landing point to gain political control and establish Sharia Law, as its supported terrorist groups did so aptly in Gaza with Hamas and in Lebanon with Hezbollah. Currently, its targets are Egypt, Tunisia, Libya, Yemen, Jordan, Syria, and the United States of America.

The MB was exposed in the Holy Land Foundation trial in 2007. Documents provided as evidence in the trial indicated a plan to take over the United States. The plan, written in 1991, calls for Islamists to colonize America with Islamic Centers, schools, elected officials, and court cases. It seeks to establish a “civilization-jihadist process.” It outlines how “work in America is a kind of grand jihad in eliminating and destroying the Western civilization from within and ‘sabotaging’ its miserable house…” The plan is using so-called “moderate” Muslim groups to establish a beachhead in the U.S. and then radical elements to take over.

MB-supported elected officials are found across America in local offices. At the national level, the first Muslim elected to Congress, Minnesota Democrat Keith Ellison, is an MB-supported candidate. The Muslim American Society (aka MB) paid for Ellison’s Hajj pilgrimage to Mecca. The MB ties also extended deep into then-Senator Barack Obama’s presidential campaign. In October 2008, Fox News reported that the Obama campaign was filled with associates of the MB. Fox reported that Minha Husaini replaced Mazen Asbahi as Obama’s Muslim liaison after Asbahi resigned over revelations that groups linked to the MB featured him as a speaker. Fox reported that Husaini also met with groups tied to the MB and Hamas in Virginia on September 15, 2008.

Since the campaign, the Administration has redoubled its efforts to appoint Muslims to high government positions. The Congressional Muslim Staffers Association, now disbanded because of its ties to radical Islamists, vetted potential appointments “under the radar,” according to J. Saleh Williams, who headed the effort.

The result is a tremendous number of Islamists sitting at key strategic positions in the federal government and on the judiciary. Included are:

David Heyman, nominated as Assistant Secretary for Policy at the U.S. Department of Homeland Security (DHS), and at the same agency, Secretary Janet Napolitano has appointed Arif Alikhan as Assistant Secretary for Policy Development.

According to Newsmax, “both men are devout, Shariah Law Muslims, and in her announcement, Napolitano made that very clear…Alikan is associated with the Muslim Public Affairs Council (MPAC) “a public service agency working for the civil rights of American Muslims.” BOTH men will have top security clearances.

Several Muslims at the DHS who have top security clearances are associated with groups that claim Hamas and Hezbollah are “humanitarian” organizations.

And such appointments continue. The president has appointed Hezbollah favorite Abed Hammoud as Assistant United States Attorney for the Eastern District of Michigan. In the past, he has said that Israelis are like Nazis. He has led marches against Israel. The pro-Hezbollah Arab-American News in Dearborn, Mi reported that Hammoud led marchers against Israel who were chanting “Down, down Israel!” and “Death to Israel!”

The newspaper quoted Hammoud saying, “Other than our own leaders, Israel pulls us together like no one else can.” Hammoud added to cheers, “We don’t believe Hezbullah is a terrorist organization. We obey the law, we don’t give them financial support or provide them with aid, but we think this law needs to be changed.”

Israel National News (INN) reported on June 20 that the president appointed Azizah al-Hibri to the United States Commission on International Religious Freedom. al-Hibri believes that Sharia Law is superior to Western Law, no surprise since she sat on the National Advisory Board of the American Muslim Council.

INN reported that in 2001, “Al-Hibri traveled to the Afghan border and criticized the Western press for ‘sensationalizing’ Taliban atrocities and using them ‘as an opportunity to attack Islam’. After the attacks of September 11, she cautioned against bombing Al-Qaeda and Taliban targets during Ramadan.”

Former CIA agent and current professor for the Centre for Counterintelligence and Security Studies, Clare Lopez, concludes that the Administration has quietly installed Islamists in key security and foreign policy positions who are now directing the Middle East foreign policy of the United States.

The evidence appears overwhelming that the radical Islamist influence assembled by this White House is in lock step with the Muslim Brotherhood plan to takeover America. Perhaps the unthinkable has become reality.

The evidence is in plain sight, but how long will it take for America to awaken from her politically correct slumber?

From:  http://www.freerepublic.com/focus/f-news/2746222/posts

 

 

 

 

 


Michelle Obama Thanks American Taxpayers!

July 9, 2011

Dear American Taxpayer

For only the second time in my adult life, I am not ashamed of my country. I want to thank the hard working American people for paying $242 thousand dollars for my vacation in Spain .

My daughter Sasha, several long-time family friends, my personal staff and various guests had a wonderful time. Honestly, you just haven’t lived until you have stayed in a $2,500.00 per night private 3-story villa at a 5-Star luxury hotel.

Thank you also for the use of Air Force Two and the 70 Secret Service personnel who tagged along to be sure we were safe and cared for at all times.

By the way, if you happen to be visiting the Costa del Sol, I highly recommend the Buenaventura Plaza restaurant in Marbella ; great lobster with rice and oysters! I’m ashamed to admit the lobsters we ate in Martha’s Vineyard were not quite as tasty, but what can you do if you’re not in Europe , you have to just grin and bear it?

Air Force Two (which costs $11,351 per hour to operate according to Government Accounting Office reports) only used 47,500 gallons of jet fuel for this trip and carbon emissions were a mere 1,031 tons of CO2. These are only rough estimates, but they are close. That’s quite a carbon footprint as my good friend Al Gore would say, so we must ask the American citizens to drive smaller, more fuel efficient cars and drive less too, so we can lessen our combined carbon footprint.

I know times are hard and millions of you are struggling to put food on the table and trying to make ends meet. So I do appreciate your sacrifices and do hope you find work soon.

I was really exhausted after Barack took our family on a luxury vacation in Maine. I just had to get away again for a few days.

Cordially,

Michelle (Moochelle) Obama

P.S. Oh yeas, thank you as well for the $2 BILLION dollar trip to India, during which we rented the entire Taj Mahal Hotel!

P.SS. Thank you, too, for that vacation trip to Martha’s Vineyard; it was fabulous. And thanks for that second smaller jet that took our dog Bo to Martha’s Vineyard so we and the children could have him with us while we were away from the White House for eleven days. After all, we couldn’t take him on Air Force One because he might pee on some wires or something.

P.SSS. Oh, I almost forgot to say thanks also for our two-week trip to Hawaii at Christmas. That 7,000 square foot house was great!

Love ya!

Remember we all have to share the pain of these economic times equally! Love to -redistribute- share- the wealth. 

 


Obama Gives Huge Raises to His White House Staffers While Most Americans Suffer Economically

July 6, 2011

The White House released its annual salary report last week, and as usual, it’s nice to work for Barack Obama: Most staffers who were there for more than a year got a salary bump. A bigger one than you did.

The last time we checked in on White House salaries, we found that an astonishing 75% of continuing staffers got raises from 2009 to 2010—a huge number given the fact that, according to compensation experts, most companies had skipped routine raises that year in reaction to the economic crisis that the White House was busy failing to solve.

This time around—from 2010 to 2011—the ratio is a little less dramatic. Of the 270 White House staffers who have been there for more than a year, 146—or 54%—received raises. The average salary increase was 8%. If you look at only staffers who got raises, the average increase was twice that.

That’s a much bigger raise than the average white-collar worker got. According to a survey conducted last year by the human resources consulting firm Mercer, most firms were projecting a 3% increase in base pay for executives. White House workers did nearly three times as well. Overall, it should be noted, the White House’s salary budget contracted slightly, from $38.8 million to $37.1 million, largely because the number of staffers fell. The average salary also dropped from $82,721, or 65% above the median household income, to $81,765—or 65% above the median household income.

But high turnover left plenty of room for White House staffers climb up the ladder and snag huge pay boosts. One of Obama’s first acts as president was to freeze the salaries of all White House officials earning more than $100,000 because “during this period of economic emergency, families are tightening their belts, and so should Washington.” Two years later, he extended that policy to all federal workers, using the same logic: “Small businesses and families are tightening their belts. Their government should too.”

But the across-the-board freeze didn’t take effect until January 1, 2011, so the most recent report (which goes back to July 2010) features some eye-opening raises, like special assistant to the president for economic policy Matthew Vogel’s $59,000, 82% raise to an annual salary of $130,500, or director of African American media Kevin Lewis’ $36,000, 86% pay hike.

Both of those were accompanied by title changes indicating that the bigger paychecks came along with new duties. But almost half of the raises doled out by the White House in the last year—59, or 40% of all raises—weren’t accompanied by new job descriptions. One of them—special assistant and associate counsel to the president Michael Gottlieb’s 14% pay bump from $114,000 to $130,500—was a clear violation of Obama’s freeze on salaries over $100,000.

From:  http://gawker.com/5818310


Obama Stacking West Point Military Board With Gay Activists

July 6, 2011

President Obama on Tuesday appointed an openly gay former Army officer to the U.S. Military Academy’s Board of Visitors.

Former Capt. Brenda S. “Sue” Fulton, a founding board member of OutServe, an association of actively serving gay military personnel, is also co-founder and executive director of Knights Out, an organization of gay West Point graduates. She graduated in 1980 with the first West Point class to include women.

Brenda Sue Fulton

After receiving her commission, Fulton served in the Army Signal Corps for five years in Germany. She commanded a military intelligence company and was honorably discharged.

Fulton is the first openly gay member of the academy’s board.

Since leaving the service, Fulton has worked for Schering-Plough/Merck and Procter & Gamble, and she spent time volunteering in the U.S., India and Israel.

Patrick Murphy

West Point’s Board of Visitors, comprised of nine members of Congress and six presidential appointees, is tasked with providing advice and recommendations on matters concerning the academy to the president.

Former congressman and Iraq war veteran Patrick Murphy, an outspoken advocate for the repeal of “don’t ask, don’t tell,” was recently appointed to the board.

From:  http://bigpeace.com/nmachiavelli/2011/07/06/is-obama-stacking-the-west-point-board-with-activists/


Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job; Economy Now Shedding Jobs Faster Than Creating Jobs

July 4, 2011

The stimulus is now causing the economy to shed jobs.

When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents.

Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt.

The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, and it chronicles the alleged success of the “stimulus” in adding or saving jobs.

The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation), the “stimulus” has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job.  

In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead.

Furthermore, the council reports that, as of two quarters ago, the “stimulus” had added or saved just under 2.7 million jobs — or 288,000 more than it has now. 

In other words, over the past six months, the economy would have added or saved more jobs without the “stimulus” than it has with it.

In comparison to how things would otherwise have been, the “stimulus” has been working in reverse over the past six months, causing the economy to shed jobs.

From:  http://www.weeklystandard.com/blogs/obama-s-economists-stimulus-has-cost-278000-job_576014.html