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Obama The Deficit Spending President
By Delwyn Lounsbury - THE DEFLATION GURU
Barack Hussein Obama the deficit spending president continues to blame the recent Standard and Poor's downgrade of U.S. debt from AAA to AA+ on everything from the tsunami in Japan, the "Arab Spring" Muslim (Jihadist) Brotherhood takeover in Egypt to the grassroots political movement called the Tea Party (truly a growing libertarian political force that has the Democrats worried).
One thing is for sure, Obama the deficit spending president will henceforth in human history forevermore go down in as the only President of theUnited States of Americato have led this great nation to these depths. We have had an AAA credit rating since 1917 and now thanks to a "progressive president" we are the laughing stock of the world. Next our long term interest rates will rise rapidly in reaction. Economically everything he has tried has failed because all he knows as a community organizer (communizer) is absolutely opposite of American free enterprise.
Mitt Romney said, "Standard & Poor's downgrade is a deeply troubling indicator of our country's decline under President Obama. His failed policies have led to high unemployment, skyrocketing deficits, and now, the unprecedented loss of our nation's prized AAA credit rating."
Obama keeps blasting business for having corporate jets and he insists on raising our taxes to pay for his socialistic economic programs. How many more jobs will be lost when the building and staffing of airplanes comes to a grinding halt? Socialism (now called progressive by the lying mainstream media) really got kick started by Franklin Roosevelt's "New Deal" was goosed by Lyndon Johnson's "Great Society" and now is culminating in "Big Brother" Obama's welfare state, food stamp giveaway and ObamaCare. This means big bloated government at all levels threatens to deflate the economy and hasten the onslaught of the GREATER DEPRESSION. The parasite is finally killing the host. Deflationary depression dead ahead!
Obama is driving a wedge between Americans by making them feel guilty for being successful thereby convincing business people to cut back and not hire, not borrow, not lend and not grow their business or start new ones. Two or three years of nine percent unemployment will surely kick the multiplier effect in economics into reverse and be impossible to overcome. The multiplier means more layoffs as companies looking at their sales numbers on the computer screen quickly make the decision to cut as the economy snowballs downhill in a vicious cycle. In August of 2011 HSBC bank announced it was laying off a whopping 30,000 workers worldwide.
In addition, people unsure about the future curtail their buying and start saving. Already we see a savings rate of five percent up from below zero a few years ago. It was reported today house sales are down again and we are even paying down our credit card balances.
What Standard & Poor's said about the downgrade was: "We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements …falls short of the amount that we believe is necessary to stabilize the general government debt-burden by the middle of the decade."
Finally, this Obama wealth redistribution nonsense of raising the takes on the rich needs to be called what it is – Class Warfare right out of the Communism/Marxism 101 textbook. See my article Obama the socialist communist Marxist fascist Nazi. Obama's use of the word invest or investment 12 times in a recent speech is covert communist code comrade for pet pork projects predominantly proffered politically producing paltry profits if any at all.
I will predict right here the next Obama tyranny (besides having we the taxpayers pay for his $2 million dollar campaign bus and his thinly veiled NATO assassination attempt of Muammar Gaddafi in Libya) will be mudslinging rhetoric and personal attack of his opponents in the 2012 presidential race instead of an honorable debate on the issues and facts. The facts are Obama is ruining the American economy and usurping your U.S.A
Constitution mandated freedoms and rights. The Constitution says what government can not do to us. We need to stand up for it and protect it or all liberty is lost.
Stop the spending? The latest raising of the debt ceiling by our profligate president, Obama the deficit spending president, actually allows the U.S.national debt to increase by $8 trillion dollars in the next ten years to $22.5 trillion. What? It's already $50,000 per every man, woman and child in this country and scheduled to go ballistic with unfunded Medicare and social security entitlements. Entitlements are socialism sucking and redistributing money from workers to non workers and every tax is a price fix hurting business and free enterprise if you want the truth. 40% of us receive some sort of entitlement check each month and only 50% of Americans pay any tax. Its Terminal!
"As government grows – liberty contracts," Ronald Reagan
How you can survive and get rich in the coming deflation and GREATER DEPRESSION. Hurry! The CRASH is coming!
By Delwyn Lounsbury – THE DEFLATION GURU
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President Obama Socialist Communist Marxist Fascist Nazi
President Obama Socialist Communist Marxist Fascist Nazi
Published by: Delwyn Lounsbury (12) on Mon 01st Aug 2011 | Word Count: 1134 | Comments (0)
(function () {try{VCM.media.render({sid:51426,media_id:6,media_type:8,version:"1.0"});} catch(e){}}());By Delwyn Lounsbury - THE DEFLATION GURU
The alarming thing is Obama's socialist, communist, Marxist, fascist and Nazi policies and rhetoric are intended to incite class warfare and plunge our nation into a severe economic decline of deflation and the Greater Depression. Tax the rich wealth redistribution is pure class warfare from Communism 101. Obama wants the U.S. to get wrapped up around the axle. His use of the word invests and investments (12 times in a recent speech) are covert communist code comrade for government spending on pet pork projects - pure propaganda. Other Obama fascism examples are the new financial regulations, the take over of GM, Fannie Mae and the Federal Deposit Insurance Corporation, and the great increase in environmental regulations and power of the EPA plus ObamaCare.
President Obama Communist connections go back through his whole life. Obama's mother, Ann Dunham (born 12/29/1949 died 11/7/1995) was a communist sympathizer and his father, Barack Hussein Obama, Senior (born 1936 died 11/24/1982), (who he only met twice) was an anticolonialist Marxist. By the way, only male Muslim children are named Hussein.
Black communist poet Frank Marshal Davis (born 1905) met Barack Husein Obama in 1970. Barack Junior (then known as Barry Soetoro) was about 10 years old at that time. The relationship lasted until 1978 when Obama left Hawaii for Occidental College in Los Angeles. In his memoir "Dreams From My Father" Obama talks warmly about an older black poet he only identifies as "Frank."
In 1944 the FBI had identified Davis as a member of the communist Party's Dorie Miller Club (Chicago-card number 47544) along with involvement in communist front organizations like the National Negro Congress, the League of American Writers, the National Federation for Constitutional Liberties and the Civil Rights Congress. There are some 600 pages in the Frank Davis FBI file including the fact he was still listed in 1973 as an endorser of a major American Communist Party front organization, American Committee for Protection of Foreign Born.
A History Professor at the University of Houston, Gerald Horne, noted that Frank Marshall Davis, who moved to Honolulu, Hawaii from Kansas in 1948, "at the suggestion of his good friend Paul Robeson." was in contact with Barack Obama and his family and became Barack Obama's mentor and influenced his career.
Vernon Jarrett was a Chicago journalist with communist affiliations worked with Frank Davis at the communist influenced Chicago Defender newspaper. He was an Obama family friend and campaigned for him. In fact he is father-in-law to Valerie Jarrett, a current Obama czar - Senior Advisor and Assistant to the President for Intergovernmental Affairs and Public Engagement. Valerie Jarrett reportedly interviewed former Obama environmental advisor Van Jones who resigned in 2010 amid a storm over his past statements and activism.
Van Jones, advisor to the Council on Environmental Quality had past ties to Bay Area radical group with Marxist roots, STORM, Standing Together to Organizes a Revolutionary Movement. He was not thoroughly vetted for the less than cabinet position and the controversy caught the Whitehouse off guard. The mainstream press looked the other way.
In 1992 Obama worked for the ACORN affiliated Project Vote to register black voters in the Senate campaign of Carol Moseley Braun. Braun had strong Communists Party USA ties. Obama got elected to her very same Senate seat in 2004 with the backing of the same communist/socialist alliance.
In a November 15, 2008 address, the National Chair of the Communist Party USA said to its National Committee, "The left can and should advance its own views and disagree with the Obama administration without being disagreeable. Its tone should be respectful. We are speaking to a friend."
(function () {try{VCM.media.render({sid:51426,media_id:6,media_type:8,version:"1.0"});} catch(e){}}());Barack Obama is known for his reading and the following of the Saul Alinsky book "Rules for Radicals" (a blueprint for advancing communism and liberal fascism). Saul Alinsky began his community organization movement in the 1930's, which included a collectivist wealth redistribution creed along with an amoral dogma of any and all means justifying the advancement of utopia. Saul Alinsky's mission, as outlined in his book, was to destroy the American middleclass and turn the U.S. into a communist nation. Saul Alinsky is considered the "Godfather of community organizing."
A Community organizer (communizer) for his party in Chicago, Obama first aligned himself with left wing ACORN (Association of Community Organizations for Reform Now) which has been de funded by Congress for certain misdeeds including being caught on video tape helping a client set up a business plan for a prostitution and brothel business. Since ACORN was a tax exempt foundation, technically this was done with U.S. citizen tax dollars. In additon, there were charges of voting fraud against ACORN.
President Obama socialist, communist and Marxism ties: It is widely held that Obama's biography, "Dreams From My Father," was written by communist Bill Ayers. In it Obama confesses that his early childhood mentor was a Marxist (Frank Marshall Davis). The biography goes on to say while in college, he was drawn to socialists, communists and Marxists. Later in life, Obama continued to seek out and associate with anti-American radicals, such as Rev. Jeremiah Wright, and domestic terrorist communist Marxists, such as Bill Ayers (convicted bomber), even choosing in 1995 when he was age 34 to launch his political career in Ayers' home.
Government throwing money at programs never pans out and always makes things more expensive. ObamaCare is unconstitutional inefficient socialism leading to rationing and euthanasia by a 15 member (politburo) committee appointed by the state. Taking 16 percent of a free market economy and putting it under government control is just sealing our doom.
Who donate to charities and create employment for the masses? The rich in society produce the jobs, literature, art, architecture, music, technology, research, education etc. Governments can only steal from the rich and give to the poor in a wrong thinking wealth redistribution myth. Capitalism is the name of our economic way of life last time I looked. Lobby for small government, canceling payroll taxes, a balanced budget, a flat national sales tax and private money backed by gold or things will just get worse and worse and worse.
Now, tyrannical President Obama communist seeks to divide Americans by blasting business in every speech he makes for having corporate jets. How many jobs are to be lost when airplanes stop being built and used? This guy does not understand a thing about job creation. Totalitarian Obama wants to violate our individual inherent rights to life, liberty and private property. Impeach Obama before it is too late.
Copyright 2011 by Delwyn Lounsbury
Use of this article allowed with attribution back to:
http://www.deflationeconomy.com
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Free 90 page download "Deflation Guidebook" at: http://www.deflationeconomy.com Delwyn Lounsbury - THE DEFLATION GURU is an Eagle Scout. Hurry! The CRASH is coming!This article is free for republishing
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