Obama’s Marxist Reform Fully Operational

Here Are Some Real Economic Facts Not Economist Beliefs

Based upon Comrade Presidents Obama’s nationalization of the banking sector of the once free American capitalist economy, financial assessments must be viewed based on the Government controlled assets.  Lets see how they are performing:

J.P. Morgan Chase, an amalgam of some of Wall Street’s most storied institutions, now holds more than $1 of every $10 on deposit in this country. So does Bank of America, scarred by its acquisition of Merrill Lynch and partly government-owned as a result of the crisis, as does Wells Fargo, the biggest West Coast bank. Those three banks, plus government-rescued and -owned Citigroup, now issue one of every two mortgages and about two of every three credit cards, federal data show.

Larger government control of the financial sector is here to stay.   Government will pick the winners and losers based upon partisanship and support for the Democratic Party’s policy’s.  The American market is no longer free it is now a government favored market ensuring that the greatest amount of banking control of the private sector is done by government controlled banks.  Competition will not be allowed by the Fed.  It will not give preferential rates to private banks who in conglomeration could compete with the fully controlled government institutions thereby reducing revenue from the amalgam of wall street owned institutions

Free market competition is a thing of the past, it is now controlled by government  for the benefit of the people, not by the people for their own benefit.  A liberal progressive agenda has completed a coup d’etat of the US government that has replaced freedom and liberty with  Marxist-fascist programs.

American reporters are nothing but a bunch of blond cheerleaders who are fed information in the dark and do not know enough math to figure out their days too are numbered, but they only know what they are told told to believe and to them the economy is now growing.  When economist projections and the real world facts they diddle with look to make a move they were too inept to interpret they get their pom- poms out and start cheering!

What are they cheering about, lets take a look:

Four straight quarterly declines in GDP, which measures the country’s total output of goods and services, mark the first time that has occurred on government records that date to 1947, BUT the  fourth consecutive decline, was far smaller than the previous two quarters. The good news is that it was stronger than the 1.5 percent decline that private economists “believed” would occur.

Economists believe the unemployment rate, currently at 9.4 percent, will keep rising through the spring of next year. Christina Romer said Tuesday (she believes) the unemployment rate is likely to keep rising and hit 10 percent this year.

Corporate inventories were cut more than initially estimated, that weakness was offset by upward revisions in other areas.  Inventories need to  be cut to the bone if no one is buying it keeps costs down, as does laying off employees.

What could the upward revisions be?  Government intervention!  Lets forget about the taxes needed to keep government alive, the massive debt balloon hasn’t hit yet but public financed tax spending is what is slowing the decent into a make believe recovery.

Government found that consumer spending didn’t fall as much as they “believed” it only fell at 1 percent, economists believed that 1.5 percent was going to be the fall in consumer spending.

But the  true bright spot is government billions in the cash for clunkers program and the $787 billion stimulus Government cash programs that  are “believed” to spur the economy.

Sales of new and existing homes have risen but are nothing compared to the actual number of national foreclosures.

The only business that is booming is Government!