Its The Economy Stupid!

Obama’s Marxist-fascist Policies Backfiring!

America is in the beginning of a deleveraging crisis which it hasn’t experienced since 1930 and it took a world war to get out of it.  This time there is an inexperienced Marxist-fascist idealist at the helm bent on fundamental change away from capitalism toward communism in response to a catastrophe created by government.  That will extend the recession/depression into the future until the priority is job creation instead of communist ideology and nonsensical rhetoric in a campaign that does not answer policy questions but labels Americans asking for answers as anti unruly dissenters.

Currently the US has 1.7 times the level of debt as compared to 1930, not mentioning the level of derivatives about $1.25 quadrillion that are obviously out of control.  Deleveraging by private sector, reducing debt level, is overwhelming the government stimulus. Businesses and Americans for that matter to survive in these uncertain times are cutting their debt, liquidating assets and only spending on the essentials. Aggregate private debt is $2 trillion or 5% deleveraging creating a $100 billion cut in demand, at this time.

Government developed the TARP program for banks to help reduce debt of its customers and the only way to access TARP funds is to reduce by 30 percent, the amount of debt of its most distressed customers.  This takes time and will cause further bankruptcy while businesses await recovery of demand that is not returning.

Bank nationalization, allowing larger banks to gobble up the more insolvent institutions has proven to make profitable the big banks Goldman Sacks, Wells Fargo, and Bank of America, by acquisition of assets of debtors at bargain basement prices, with the assistance of the government, thereby creating an ever greater ability of a smaller group of banks to monopolize the credit system which is set up to pump out as much debt as possible thereby making as much profit as possible for their big banker owners.

Easy credit, cheap money and massive borrowing caused the problem; a continuation of government debt has proven that jobs are not created, a continuation of the big banks and governments creating more debt through refinancing and more leverage at artificially low interest rates will not create more jobs.

The fundamental structure of government regulation that led to this financial catastrophe must be changed.  Government must back away from nationalizing private institutions and promote capitalism. Thereby creating an atmosphere for the business sector to understand that there will be no disincentives for increasing production, that employment with added union incentives and higher payroll taxes and higher capital gains taxes, and higher income taxes, if your sub-chapter S corp. makes over $250,000, which is just about every small business, a recovery will not happen in a state of fear.  The outcome of Obama’s policies is that American businessman will not venture into the creation of jobs unless there is certainty that the government meddling will stop.

Comrade President Obama and his unconfirmed cabinet of communist czars are rubbing their hands at the opportunity to socialize capitalism.  The problem as communists see it is freedom for business to prosper in an environment that supports job creation, the expansion of manufacturing, the benefits associated with creating profit from business enterprise.  However, businessmen who risk their talents on their perception of what Americans want and are willing to provide goods and services to meet that anticipated demand are not stupid.

What is happening, as Comrade Obamas attempts to reorder society’s priorities by mandating green job creation in a market place that does not support or incentivize this yet to be determined demand is more uncertainty.  But the demand is coming for green, people will be planting victory gardens as they did in the 1930’s!

The rise in power prices from cap and trade and taxation of all forms of energy production, not to provide more efficient production of energy resources but to artificially create demand through government disincentive, is a job killer.

Under the new communist policies of Comrade President Obama the revolution he was looking for in fundamentally changing America is backfiring.  Americans are becoming mad as hell, it’s the economy stupid!

The more his charismatic theatrics and bloviating campaigning for more government control intensifies, the greater revolt from every day Americans who want a job, will blow back in his face a revolution the size of which has never been seen before in American Politics.

Amidst Obama’s lower and lower job performance ratings and a disgusted public catching on to his communist agenda, the real culprit in this credit crisis is government itself for allowing the unregulated government institutions of Fannie mae and Freddie mac that ran the secondary credit market to purchase garbage from wall street and resell it world wide is going free.

Comrade President Obama with your communist bureaucratic czars attempting to reform America into a Cuba, a Venezuela, a Russia, by not reforming government to an effective and effective institution to work cooperatively with the private sector, more economic chaos will result.  The momentum of this chaos is directly related to the greater government intervention you seek.   The harder you blow the more the sails of counter revolution will fill and the ship America will sail faster and faster toward solving this problem without you!

Americans no matter the party want to generate wealth, prosperity and provide for their families. The only thing standing in their way is your administration and any liberal congressman that offers more government instead of freedom for the private sector to create jobs.

When the priority is jobs, not health care, not cap and tax, not global warming, not nationalization of banks, financial institutions, the auto industry, not more unions but PRIVATE SECTOR JOBS then America will get back on track.  Communism is not a job creator but a job killer.