After Heavy Criticism In The Press Obama Flees Washington For Chicago

But Just For The Weekend

Barack Obama

With his poll numbers down, members of his political party turning on him, his Attorney General, Eric Holder, facing contempt charges in Congress and presidential challenger Mitt Romney beating him in major polls such as Gallup and Rasmussen, President Obama has opted for a few days away from the pressure pit that is Washington.    

The First Family of America have decided to spend the weekend in Chicago, where they own a home that was purchased in a controversial real estate deal. This is awfully scaled down for them. What? None of the usual exotic vacations with lobster, caviar, champagne and expensive cuts of beef on the taxpayers' tab, while the nation careens into poverty? 

The Obamas are used to very expensive vacations, with plush rentals and exorbitantly priced food that exceeds most people's weekly grocery bills, in just one meal. Meanwhile, according to a newly released report, American wealth has plummeted due to the current financial crisis, with households in the United States, seeing a 40% decline in income and assets, stripping away 18-years of progress in the space of 3-years.

The president is very good at spending other people's money. $5 trillion of it, in fact. It has left America in a terrible quagmire, regarding how to get rid of $5 trillion in debt President Obama irresponsibly ran up in a couple years. You can't call that an improvement. The nation has regressed.

Obama supporters need to wake up and smell the coffee, as that debt is going to take generations to payoff, saddling your children and your children's children with a financial burden they did not create, which will hamper America in the world. It was not good economics.

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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.  

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.  

5.6 Million U.S. Homeowners Are Behind On Their Mortgage Indicating More Help Is Needed To Rescue Taxpayers

 

Barack Obama

According to the latest housing numbers coming out of America, 5,600,000 Americans have fallen behind on their mortgages, skidding into foreclosure. This is sad and preventable. It is an indication the government is not doing enough to help homeowners, who are the taxpayers. Money designated by President Obama for exploratory initiatives, such as those in the solar and environmental sectors, which have failed, could be used to help homeowners.

Already billions have been lost on the aforementioned exploratory ventures, best suited for a time America is not in a financial crisis, as the Judiciary Report has maintained from before they failed. The rest of the money intended for said exploratory ventures need to be diverted to homeowners with troubled mortgages.

These delinquency numbers would not be so astronomically high, if bank and government modification and foreclosure prevention programs were working correctly. Something is wrong in the system and it needs to be fixed. At some banks, you can't even get modification and foreclosure prevention specialists on the phone. It's often an answering machine and they call you back at the strangest hours, when you are at work and unable to properly discuss your financial situation.

America will not be made better by people losing their homes, so banks can add the properties to their stockpile of homes that are not selling. The stagnation is not healthy for any economy, as the empty homes sit there devaluing and rotting away. More government intervention is need immediately.

STORY SOURCE

5.6 million mortgages in America are delinquent

Another Solar Company That President Obama Gave Billions In Taxpayer Dollars Is Declared Bankrupt

Bad Barack Investments

Obama: okay, so maybe they didn't work

Solar Trust for America has been declared bankrupt by the Obama Administration, after the president gave the company $2.1 billion dollars in taxpayer money. Solar Trust for America is another of President Obama's green Company projects that has gone belly up.

The Judiciary Report has consistently warned against such initiatives, as the nation is currently not on solid financial footing. Amazingly, President Obama is not off these green companies and giving them large amounts of taxpayer money, though several of them have hit bankruptcy.

This is very unwise. This taxpayer money could be better used to create jobs in industries that are proven winners and moneymakers. It is a grievous mistake to keep pumping taxpayer funds into entities that keep failing. It is the definition of financial insanity.

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