Showing posts with label financial crisis. Show all posts
Showing posts with label financial crisis. Show all posts

Monday, July 2, 2012

Where Does Obama See America's Future After Almost Four Years In Office During The Financial Crisis


Barack Obama

President Barack Obama has been America's Commander-in-Chief for over three and a half years, during a monumental financial crisis of global proportions, thanks to Wall Street. Polls indicate many believe that though President Obama did not create the crisis, he has made it worse with policies and plans that failed to stem terrible unemployment, foreclosures and lack of economic growth. 

The question is, with President Obama up for reelection this year, where does he see America's future, in respect to the crisis. To ask for a second term, one must have a clear, workable plan for the economy and good results under one's belt, regarding previous years. What is Obama's game plan for turning the economy around, as many political pundits and economists are not satisfied or convinced by his current course of action, which is being met with greater unemployment and more financial loss.

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Friday, June 29, 2012

How Will Obama Pay Back The $5 Trillion In Debt He Has Added To The U.S. Deficit


Barack Obama

Being President of the United States of America comes with many responsibilities, such as setting the political agenda for the country and determining aspects of the national budget. As has been widely reported, U.S. President Barack Obama added $5 trillion dollars to America's national deficit, with wild spending that has not panned out or fixed the economic crisis.

The question remains, how will President Obama repay the $5 trillion dollars. His proposals for doing so, have been met with sharp criticism by the Congressional Budget Office (CBO) and economists alike, stating his plans do not add up and will not reduce the deficit. It was so easy to spend that money, but paying it back is another story via a debt Americans will be saddled with for generations.

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Tuesday, June 26, 2012

Hardworking People Can't Even Make It In Anymore America

Something Has To Change


President Barack Obama

It's a sad indictment of today's society when hard work doesn't even get you ahead in America anymore. Young people are coming out of university to no jobs, big student loans to repay and are fearful over their futures. People are working long hours, some at two jobs, for less pay than before and are barely making ends meet. Small and mid-sized business owners are losing their shirts trying to stay afloat in an economy where the government has forsaken and ignored them in favor of big business, who created the financial crisis in the first place.

Wall Street, Hollywood and the corporate sector as a whole, who created the financial mess, continue to live lavishly off ill-gotten gains made by robbing and gouging hard working people and it was and continues to be a great injustice. The order has been reversed and in a terrible way, which is why the U.S. economy has not recovered 5-years into the crisis. Until that order is reversed back, things will continue along a detrimental path of financial deterioration.  

The thieves and criminals are prospering, while hardworking people struggle and suffer, due to the cowardice of the Justice Department, FBI and the S.E.C. To have a prosperous economy, there must be proper regulation and equitable laws governing the financial sector that are enforced. No sense in having laws one does not use, as they are rendered in effective and is a major inducement for some to commit crime.


Barack Obama walking on the grounds of the White House 

The Obama Administration has not cleaned up the corporate sector as too many of them are his rich donors. He has instead opted to spend the nation into debt, throwing money at a problem that was caused by indebtedness in the first place. IT was the equivalent of throwing gasoline on the fire. 

However, the greedy architects of the current financial crisis, did not think ahead, as they have damaged America in terrible ways, in something that is now affecting them as well. People are investing less in the stock market. People aren't building or buying homes like they used to, because they can't afford it and many are saddled with bad credit. Fewer cars are being sold. People are going to the movies a lot less and buying fewer music albums. A recent report revealed people in America are even cutting back on or getting rid of their cable television service. 

That greed of the corporate sector to gouge and gain as much money overnight, has led to long term losses that have eaten away what they would have made over time and created sales declines. They have not come out ahead, losing more than they have gained. Stealing is not a shortcut to success. It is the precursor to a nightmare. 


President Barack Obama, former President George W. Bush and his wife, former First Lady Laura Bush

Another serious side effect of big business being allowed to wreak havoc in the United States is America has lost its economic clout in the world, something Washington is having a very difficult time coming to terms with. The entire fiasco is a chain reaction of events, triggered by the greed of a handful of people in the corporate sector, in criminal misdeeds Congress failed to stop, due to campaign donations from the aforementioned, unduly rich lawbreakers.
 
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Obama Sided With The Rich Over The Poor Hence The Financial Crisis Continuing

 

Barack Obama

U.S. President Barack Obama has spent America into a massive hole, in doling out $1 trillion dollars to mostly wealthy financial institutions and businesses that ripped off the American people, then crashed and burned for doing so, when their extortionate fees were not met by the working class.

This has not created a healthy economy, but a severely indebted one, as Obama added $5 trillion to the national deficit in just under four years. Rather than go with austerity, in making much needed budget cuts, living within one’s means and not spending money the government does not have, Obama did the opposite to terrible results. What‘s even more alarming is Obama is determined other world leaders should do the same, when it has not worked for him in America. It's time for a change.

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Friday, June 15, 2012

Barack Obama In Over His Head With The Economy And In Need Of Help


Barack Obama

Dismal economic numbers indicates, U.S. President Barack Obama is in over his head and headed for a one term presidency. Some of it has to do with the company he keeps. If he had spent more time with business gurus such as Warren Buffett and less time with Hollywood celebrities, the economy would be in a much better state. Obama's preoccupation with Hollywood is costing the nation plenty. 

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Wednesday, June 13, 2012

A Healthy Financial Balance

...And How The Very Rich Destroyed It For Everyone


President Barack Obama and former President George W. Bush  

The world once had a healthy financial balance. In the 1980s and 1990s, things were still pretty good in the world of economics. The current financial crisis, which began in America and then gripped the globe, due to the corporate sector having been deceitful with investors, regarding the true value and projected growth of their products and investments, in addition to engaging in thievery, marks an historic attempt by the rich in society to greedily own it all.

There is a terrible elitist attitude among many of the very rich in the nation, who are ripping off and gouging the middle class and poor, that only they should be wealthy. They try to hold people back from moving up in the world, as they want to stop others from prospering, like they have some exclusive patent on wealth. Such conduct is despicable.

They have become obsessed with numbers and bank balances. As a result, they threw off the national and global financial balance in the world, determine to increase theirs in any dishonest manner they can. This unholy greed and avarice that has consumed the rich, has brought America and the world down, in this unyielding financial crisis, which will be shamefully remembered for generations to come, in a disgraceful story taught in schools as what not to do. 

This elitist criminal conduct is also very unwise, as there is only so much the people will take.  The Judiciary Report is not trying to instigate violence, but sounding the alarm to the government that they need to get their act together, because historically speaking, when things have reached a certain point in world history, people react. When people can't keep a roof over their heads or feed their families, they react. People hate suffering, especially situations brought on through no fault of their own (getting laid off or robbed).

Stop shielding financial fraudsters and high profile criminals continually breaking the law to get rich and richer, as it is causing America to get poorer and poorer. Even with all the stealing and gouging that was done by the rich and those seeking to become so, America has never been so poor, meaning this criminality is setting the nation backwards, not "forward" (Obama's new slogan is, well, "forward").

Why should millions of people suffer because of a few hundred rich thieves, fraudsters and schemers, too lazy, covetous and overindulgent to get real jobs and accept the fact the world is not their oyster for the taking stealing. Learn from world history or things will not end well.

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Tuesday, June 12, 2012

Barack Obama Is Talking Like George Bush Did During The Last Year Of His Presidency

     

Barack Obama

Republican challenger Mitt Romney slammed President Obama's statements claiming the deteriorated U.S. "economy is fine." It's ironic, Obama, has been talking just like former president, George W. Bush, in the last year of his presidency, insisting a financially decimated economy is fine.


The ever graceful George W. Bush

The sad fact of the matter is Obama cannot fix the economy and has decided to put a press spin on it, because he wants another four years in office, to spend away the nation's future on a failed political premise that does not work. He has spent more taxpayer money that any president in U.S. history, adding $5 trillion to the national deficit, with no real results to show for it. What he is doing is not working, but he continues to do the same.
STORY SOURCE
 
Boehner, Cantor Pounce on President Obama's Rosy Viewof Private Sector

Obama admits 'private economy not doing fine' aftercriticism

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Saturday, June 9, 2012

Too Big To Fail Or Go To Jail

  
Barack Obama

The current financial crisis which exploded in America in 2008, then spread to the rest of the world, has done significant damage to many people in the United States and around the globe. Yet, in the face of all this financial destruction and ensuing social turmoil, no one has gone to jail or prison in America for these terrible economic crimes that has caused so much suffering.


The term "too big to fail" is often employed regarding major corporations that are experiencing financial loss. However, too big to fail or go to jail, should be added to the term, as the Obama Administration, much like the presidency of Bush before him, have given a pass to financial criminals that have cost America and the world so much. Not exactly a deterrent from committing crime. This is corrupt and needs to be changed.

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Thursday, June 7, 2012

Barack Obama's Back Is Against The Wall In His Election Fight Against Mitt Romney Due To The Economy

         

Barack Obama

U.S. President Barack Obama is facing a massive struggle in the 2012 presidential election, as the economy keeps betraying him and a number of former allies and friends, have spoken out against his policies, branding them failures. 

How do you tell the nation and the world, who have been negatively impacted by the ongoing financial crisis that began on Wall Street, to give you another 4-years to try to sort out the economy, with no guarantees of success. That's a tough sell with nothing to show for it. That's like going to the bank and stating I want to buy the biggest house on the block with no money or successful credit history to show that you qualify.

 
Mitt Romney 

Romney is exploiting Obama's weaknesses, namely the economy, to tell the nation it is time to give someone else a try at cracking the economic crisis, in a bid to return America to prosperity. Romney is also using his governing experience and background in the financial sector to buoy his bid.

For President Obama, it is very difficult to counter such a message with such terrible economic numbers under one's belt. He needs legitimate, genuine results and he needs them now or he can kiss the presidency goodbye.

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Tuesday, June 5, 2012

The Government's Hands Off Approach To Job Creation In America Is Leading To Terrible Unemployment



Barack Obama, Sasha Obama and Michelle Obama

The Obama Administration's hands off approach to job creation in America has created more unemployment. The May 2012 job numbers were very bad. This week it was also announced there has been a sharp decline in factory orders in America.

These are signs the economy is getting worse, not better. As the Judiciary Report stated in 2009, the hands off approach of doling out stimulus money and not having tight controls over where the money landed, would not lead to proper and sustained job creation in America, instead producing artificial growth, which keeps happening. 

The Judiciary Report does not understand how many times the Obama Administration has to hit the wall and face first might I add, before it realizes this financial concept and that the president's policies will keep failing on the current path, which he has tread for nearly 4-years, to disastrous economic results. To outspend every president in history and the nation is still in a financial ditch of unemployment, business closures and foreclosures, says you're going the wrong way.

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Saturday, June 2, 2012

President Obama Hit By Terrible Jobs Report That Critics State Harms His Chance Of Reelection


Barack Obama

U.S. President Barack Obama has bit hit by a terrible jobs report, greatly aiding in destroying his chances of reelection. The U.S. economy is adding jobs at a very anemic and slow rate. The latest jobs report sent stocks plunging, renewing concerns the economy is still mired in the financial crisis, which exploded in 2008.


Mitt Romney

President Obama has to be concerned at this point, as the same terrible financial crisis, gave him an edge in 2008, over then incumbent, George W. Bush. It is now working in his opponent's favor, as challenger Mitt Romney is seen as the likely successor and the next man to have a go at repair the economy. The former Massachusetts Governor and wealthy businessman referred to the current jobs report as "devastating."

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Friday, June 1, 2012

U.S. Economic Growth Under The Obama Administration Has Been Revised Downward Indicating Woes


Barack Obama

The U.S. economy continues on a negative path downward, as it was revealed yesterday, the Obama Administration had inflated economic numbers for the first quarter of the year. The true numbers have been released and it does not bode well for the president, indicating his economic policies have not been successful. Obama is very keen to obtain another term in office, but the sagging economy is a massive obstacle in his path.

STORY SOURCE


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Tuesday, May 29, 2012

Obama Struggling Under U.S. And Euro Economy


Barack Obama

Financial data coming out of Washington and Europe indicates, the current U.S. financial crisis, coupled with Euro financial difficulties that spread to the region from America, is greatly damaging any chance President Obama has of being reelected to the White House. It is being reported in mainstream publications, if Greece exits the Euro, President Obama will not be reelected to office.


Is the crisis causing Obama to hit the bottle more (just teasing, he better not!)

Obama has encountered significant trouble with the U.S. economy, which continues to struggle with high unemployment and an enormous national deficit. America is still mired in a financial tailspin and is in need of serious intervention to achieve healthy growth again.

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Who Does Congress Answer To Regarding Accountability


Congress

In light of Congressional approval numbers hitting an all time low, one has to ask, who does Congress answer to and why are they doing such a poor job. At times it seems the U.S. Congress answers to no one in the country, spending away the people's tax dollars of fruitless initiatives that go on to fail. Wouldn't true accountability and term limits on members of Congress be better. Would it not prompt better job performance and less financial waste.  
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Wednesday, May 23, 2012

President Obama Goes Off Message In Attacks On Mitt Romney Who Is Favored Among Businesspeople


Barack Obama

U.S. President Barack Obama has been attacking rival Republican, Mitt Romney, in ads and published interviews, which is standard for many politicians during an election. However, in doing so, especially regarding his business skills, Obama has gotten off message, which should be improving the severely damaged U.S. economy. 


Mitt Romney

 Furthermore, in trying to cast aspersions on Romney's business credentials, when he has made $250,000,000 during his lifetime, through what appears to be lawful endeavors, far more than Obama has made, he comes out behind by comparison. It also draws emphasis to Obama's significant troubles regarding the U.S. economy over the past 3 and 1/2 years.

STORY SOURCE

Poll: Swing state small business owners leaning toward Romney
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Tuesday, May 15, 2012

Can President Obama Overcome The Huge National Deficit In Time For The Election

Not To Mention His Deficit In The Polls


Barack Obama

Can President Obama really tame the unruly national deficit that has hit $15 trillion dollars. He has added more to it than any other president in U.S. history. So it is his responsibility to reverse the damage. However, with less than 6-months to go until the next election, the question is can he.  

Obama is also running a sizable deficit in popularity polls to determine the presidency, after several missteps that pushed public opinion in the other direction against him. Who is his campaign manager and why are they making such poor decisions that are costing him votes right before the election.
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Friday, May 11, 2012

Gallup Poll Reveals Americans Favor Mitt Romney Over President Obama When It Comes To The Economy


Is Obama waiving goodbye to the presidency. According to polls he is doing just that.

For the past several months, Gallup polls have consistently placed Republican Mitt Romney, ahead of Democrat, President Barack Obama, as the favorite to win the next presidential election in November 2012. The state of the economy is not helping President Obama in this regard.


Mitt Romney

A new Gallup poll released this week reveals, many Americans also favor former Massachusetts Governor and wealthy businessman, Romney, over President Obama, in the are of the economy. The public has more confidence in Romney in financial matters, a stance that is aided by his wealth.

STORY SOURCE

Voters Give Romney Slight Edge Over Obama on Economy

May 10, 2012 - WASHINGTON, D.C. -- Registered voters are more likely to say Mitt Romney, if elected president, would do a very good or good job of handling the economy than they are to say President Obama would, if re-elected -- 61% vs. 52%. While the two men earn about equal "very good" ratings, 22% of voters think Obama would do a "very poor" job, more than twice as many as say the same about Romney (10%).

Voters were asked to rate Obama and Romney separately on the economy in the May 1-2 USA Today/Gallup poll. However, when forced to choose between the two in a follow-up question, voters were split about evenly, with 47% saying Romney and 45% Obama.

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Wednesday, May 9, 2012

Is Obama A Friend Of Wall Street Or Of The Average Joe

You Decide. Self-Examination Necessary During Financial Crisis.

 

Barack Obama (Photo Credit: Picture Alliance/Photoshot)

Is U.S. President Barack Obama a friend of Wall Street, which is the corporate sector or the average American Joe, also known as the everyday people. The film "The Obama Deception" labels him, "The most Wall Street president in U.S. history." 

Decisions President Obama has made, such as not increasing taxes on the rich, though the nation needs the money, indicates he is more of a friend to the wealthy in the corporate sector, than the average Joe trying to make it on much smaller salaries, such as minimum wage and those in lower-middle income brackets. 

Has this helped America? No. The anemic economy, with ongoing massive job losses, millions of people giving up on finding work after trying for a significant period of time, foreclosures and bank failures, indicate it has not worked. President Obama has not had success in restoring the economy to its former glory, which is not impossible, as other nations are making strong strides even in these tough economic times. 

Former Presidents, Ronald Reagan and Bill Clinton, understood it was wise to keep a safe distance from Wall Street, only providing a supporting role and different degrees of regulation, lest they get swept up in a world of constantly issuing favors for the ingratiating rich, while the poor pay the price. It's a lesson President Obama would do well to observe and it is a shame he did not do so from year one of his presidency.  
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Monday, May 7, 2012

President Barack Obama Slams Rival Mitt Romney On Economics

Obama's Track Record Is Giving Him Trouble


Barack Obama

U.S. President, Barack Obama, has publicly slammed Republican challenger, Mitt Romney, on the subject of economics. Romney is a wealthy millionaire with ties to the financial sector. The president's claims are a tough sell, as the Obama Administration has struggled for 3 and 1/2 years with a deteriorated economy that has not rebounded, despite its best efforts. Economics is not his strong suit, as what he is doing has not been working. He needs to try something else.


Mitt Romney 

Romney has spoken of successes he had as the former Governor of Massachusetts and the number of jobs created during his time in office. Either way, the real test will be if he is elected and turns the terribly ailing economy around, which has been struggling with massive unemployment, very slow job growth, sky high deficit and millions of foreclosures. As they say, "The proof is in the pudding." Time will tell.
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Friday, May 4, 2012

Polls Indicate These Are Obama's Last Few Months In Office But He Does Not Agree


Barack Obama

Polls are indicating U.S. President Barack Obama is set for defeat in the upcoming presidential election. Obama has had a challenging presidency thus far. He inherited a terrible economy from former President George W. Bush and sadly made it worse with massive spending that added $5 trillion to the national deficit. This week, former chairman of the Federal Reserve, Democrat, Alan Greenspan, stated Obama not tackling the deficit was his biggest mistake. It certainly was one of his bigger mistakes.

Frugality in the federal government would have come in really handy, but the Obama Administration's mantra has been the old phrase, "You've got to spend money to make money." But spending money you don't have on risky ventures, such as green initiatives, did not pan out (and the Judiciary Report stated it wouldn't from the start).

Alan Greenspan

America would have gotten a better environmental return in said green realm, simply by doing what Britain has done, in investing more in public recycling trash cans in major cities and given incentives to people that take public transport and cycle, instead of drive. It would have been a good start until additional funds became available in the event the economy improved.

As it stands, the government is scaring businesses away. Obama has refused to give American corporate giants clemency in bring nearly a trillion dollars back to America, after they went abroad seeking a lower tax rate. As a result, other nations have and continue to richly profit from U.S. companies' funds abroad, as said corporate giants are paying taxes in foreign nations and hiring abroad as well for their *cough* "headquarters."

        

Presidential challenger Mitt Romney

Giving corporations a fair tax rate would give many reason to keep or return their businesses to the United States, but the government is playing hardball with them, when the ball really is not in their court to do so. However, individuals that are wealthy should face a slight tax increase on their income to help out during the financial crisis that some of them helped to create via greed and gouging the public in their job posts.  
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