Death, no matter how violent, how painful how wasteful or for that matter useful, the exhaustion as life wanes from the body itself is nothing short of indifference.  Although in the prime of life man thinks of his life as all powerful , should he reach the height of the Senate or just man with a tin cup  on the corner begging for a job to support his family, his  breath will only leave of its own accord.

When old people die, from weakened state of sickness with organs having been stretched to the limit in life as if the body were indestructible have their revenge be it but a fleeting one.  Yet the brain, the seat of the mind undergoing a violent socialism as the vital resources of the system demand all production in the name of the state, make his death bed behavior and the nature of this time a sad reflection considering a life of privilege or one with a hand stretched out.

So it is at this time that those with superstitions, religious crosses, or political aspirations show the cards of their tarot, some in fear others with something to profit from, as if dying, crossing over, were much more of a consequence to benefit from  than presenting useless words that gain nothing but raising the white flag of surrender to a power that knows no fear, that has no death, that embraces all and shows no forgiveness but is forgotten by the living until the time is right.

And so the solemn bystanders with tears, testimony and transcendence offer in silence and emotion their own respects others inveigh a conscious vanity, comic if it were not for the seriousness of the matter at hand with a comment such as:

“Ted Kennedy’s dream of quality health care for all Americans will be made real this year because of his leadership and his inspiration,” said House Speaker Nancy Pelosi in a statement.

The serious way in which the death of every man who for a time lays in state is watched by the living and how his body is treated at this time, though the soul departed, shows the inner character of the mortal man in attendance be it with love in their hearts or evil to gain, as if the life and sacrifice of it in the face of eternity  would give a damn for either.

In those who would carry on, in fleshy atomic cloths hoping to ring some amount of compensation and repayment as if life were to be forsaken, may find themselves in an exalted state over the lives of others or asleep in their cloths in the gutter, may they but melt into the earth only to be reborn to seek life with a soul that learns to find the infinite free nature of man to the sound of one hand clapping.

Ben Bernanke reappointed as FED  chair on Tuesday means more of the same money throwing to big business while main street watches in horror as the road to recovery flushes down the toilet.  Bernanke who is touting that the economy is “on the rebound”  has no actual facts but he “forecasts” that America is pulling out of the recession.  Funny thing is that people want to believe and the New York Conference Board said that its consumer confidence index rose to 54.1 from a 47.4 in July.  Keep in mind that 90 is the level associated with a healthy economy, it is a far cry from today.

Bernanke says, “Our forecast is for moderate but positive growth going into next year. We think that by the spring, early next year, that as these credit problems resolve and, as we hope, the housing market begins to find a bottom, that the broader resiliency of the economy, which we are seeing in other areas outside of housing, will take control and will help the economy recover to a more reasonable growth pace.”

Giving bailout trillions to the very same bankers that created the mortgage melt down in the first place instead of providing resources to poor families, those in need of health care, education, food stamps and unemployment benefits, so now that the fool Bernanke has blown America’s wad of cash into a mountain of debt, all  taxpayers are on the hook for his mistakes.

As the percent of debt to GDP is growing at an alarming rate.  Obama’s revised budget deficit is off by a mere $1.5 trillion,  last year’s deficit was $459 billion the CBO estimates the budget deficit will total $1.6 trillion this year or 11.2 percent of the GDP, and $1.4 trillion in 2010.

The only glowing report is the markets rise to 9500 at the close on Monday.  Problem is that when you give bankers trillions of dollars they have to park it somewhere, they are investing government “Bernanke dollars” in the Market, the market is responding by going up, this is funny money not business’ and mom and pop’s reinvestment, its all phony!

The depression is coming closer, as unemployment rises there are new fears on the horizon.  Monster.com ran an impromptu poll over July 6 to July 13 and found with 16,000 visitors the answers to the poll question, “If you were laid off without severance, how long would your savings cover your living expenses?

Answer: 34% said one week or less 66% had enough to last two months, six months or longer 20%.  Now when you factor in that over half the homeowners in the US are or will be upside down on their mortgage by 2010, the FDIC is out of money, broke kaput, 18 states are close to bankruptcy,  the run on the bank scenario of 1929 is shaping up for a repeat by 2010, if hyperinflation doesn’t hit from the Weimar Republic purchasing of treasury bonds by Bernanke with freshly printed greenbacks, all in the name of saving the State in lieu of the people, simply put hell is on the horizon!

How can Americans not even call intentional this Ponzi scheme perpetrated by the Fed Chair, the Secretary of the Treasury, congress and Comrade Obama himself?  From their actions Americans sit by and watch the last great economic bubble, the storm of debt, grow and expand like a Katrina about to hit shore, how can the actions of these men not be called immoral in all circumstances;  We do not complain  when nature creates immoral acts because it sends a Katrina ashore and kills, destroys and displaces thousands; how is it that only a few see the error of the former while in the latter the voluntary free will of nature is accepted?

We punish a criminal intentionally to protect ourselves and society but in the case of preservation of life from a catastrophe be it economic or through natural causes are we to accept  the perpetrators of fraud just as we do the natural disaster?  This distinction is in error?

The morality of Americans and all people for that matter in the case of self preservation will act out of necessity but in the case of evil actions by the State committed by men in power, taking advantage of the political and economic  consequences  against their fellow man to gain financial or political self-preservation is a crime commissioned on behalf of a moral good cause.

Left with no moral standards to what level should these State Criminals be held?

Are these political Marxist-fascists, whose action in the name of saving us from ourselves in this unparalleled economic storm only to allow the perpetration of thievery and the transfer of wealth from the taxpayer to the politically connected, be accepted and given a pass by Americans?

Is morality the act of watching nature or the nature of man destroy  an environment where freedom and liberty were protected by a moral constitution, to be replaced in the name of self preservation, with a new belief not in the efforts on the individual but the efforts of the new Marxist-fascist State?

To the degree that these men in STATE POWER have an understanding and intellect  that can comprehend what is best for society, with their call to protect America with socialism by nationalizing greater sectors of the capitalist economy, when men in congress whose standard of reasonableness is to name call their constituency rather than answer their questions, when their morality is the higher good that perpetuated their own self interests, how can such a nation sustain itself and freedom and liberty?

No matter the moral compass it is the man who reads the dial, it is the man who puts himself as a cog within a wheel, man is nature and nature is man.

While the health care debate wails on with subversive Marxist-Alinski-Obama tactics the government institutions that are suppose to protect Americans from something like oh say, losing your bank deposits  has become a reality!

The FDIC is out of money!

With the most recent bank failure of  Colonial Banc Group Inc., the FDIC lost $2.8 billion.  The FDIC has set aside $25 billion for future bank failures but what about the funds deposited by everyday Americans?  In reality the total FDIC amount remaining as of today is a balance of $648.1 million.

Remember government to the rescue?  Raising from $100,000 to $250,000 per account until January 1st 2014 that change increases the deposits covered under FDIC insurance to approximately $6 trillion.

Again government feel good measures with no common sense or dose of reality has created a false sense security just as with the health care proposal, the money isn’t there for it no matter how bad they want to promise they can’t perform.  Government politicians are lying, the economy is sinking the financial end is near, just one more straw on the camel’s back and the financial house of cards falls.  Just as with the crash of 1929 there was no money in the banks to give back to Americans who deposited them!

With this dismal government track record, in these distressing financial times Comrade President Obama wants to get his hands on cash the Nationalized health care initiative he is putting forward will create another barrel of dollars the political liberals can spend then spend again before they are caught borrowing to spending it again.  The truth is government is running out of money and one-seventh of the economy’s health care spending is the new social security trust fund to pilfer, once they get their grimy hands on it.

To sum up the great job the government has done in protecting Americans from themselves instead of the Constitutional requirements to keep government limited, the Republican and Democratic liberals  have created the following problems for America through large unregulated government institutions.

The Seen and the Unseen

• Looming taxpayer bailouts of the FDIC
• Taxpayer bailouts of failed banks
• Taxpayer bailouts of mortgage reductions to keep people in their homes
• Rising property taxes because of increased speculation
• The FDIC’s role in the housing boom and bust
• Fraud costs
• Investigatory costs
• Stock market crash
• Cost to pension plans dumb enough to buy debt in failed banks simply because they were “growing”

The 74 bank failures nationwide this year compare with 25 last year and three in 2007.

As the economy has soured – with unemployment rising, home prices tumbling and loan defaults soaring – bank failures have cascaded and sapped billions out of the deposit insurance fund. It now stands at its lowest level since 1993, $13 billion as of the first quarter.

While losses on home mortgages may be leveling off, delinquencies on commercial real estate loans remain a hot spot of potential trouble, FDIC officials say. If the recession deepens, defaults on the high-risk loans could spike. Many regional banks hold large numbers of them.

The number of banks on the FDIC’s list of problem institutions leaped to 305 in the first quarter – the highest number since 1994 during the savings and loan crisis – from 252 in the fourth quarter. The FDIC expects U.S. bank failures to cost the insurance fund around $70 billion through 2013.

Colonial BancGroup Inc., the Alabama lender facing a criminal probe, had its banking operations closed by regulators and taken over by BB&T Corp. in the biggest bank failure since Washington Mutual Inc. collapsed last year.

Branches and deposits of Colonial, Alabama’s second-largest bank, were turned over to Winston-Salem, North Carolina-based BB&T in a deal brokered by the Federal Deposit Insurance Corp., the regulator said today. The failure of Montgomery-based Colonial followed a Florida expansion that saddled the lender with more than $1.7 billion in soured real-estate loans.

Colonial’s failure will deplete the FDIC’s deposit insurance fund by $2.8 billion, the agency said. The fund, which the agency uses to pay customers of a failed bank for deposit losses up to a $250,000 limit and is generated by fees paid by banks, stood at $13 billion at the end of the first quarter, according to the FDIC. The agency has set aside an additional $25 billion for bank failures, agency spokesman David Barr said.

As Comrade President Obama continues to create government programs that increase America’s dependence on government and require further deficits Americans are coming to believe that he has not developed a strategy to reduce the cost of his massive spending programs.  He is acting like a kid in the candy shop of government and not one person is telling the kid you can’t have that candy, it’s bad for the American people.  Liberal Democrats who were behind this Marxist Messiah are beginning to see that his appetite for authoritarian control and penchant for spending more than the country can afford has to stop.

The Trojan horse stimulus program that was suppose to stop unemployment at 8%, used as the hook to get the public behind approval of more spending has turned out to show that the Marxist kid was just saying anything necessary so that he could buy more candy at the American taxpayers’ expense.  When Obama was recently asked by Bloomberg if he thought the unemployment rate would reach 10% this year the Marxist kid said yes!

In fact the rate the Marxist kid has been spending and gobbling up private business for the National good, while turning a blind eye to freedom movements around the world is showing that America is no longer the Champion of Freedom but a timid nation afraid to hurt the feelings of Dictators and the nations they control.  Without America standing for freedom around the world what nation would take her place China? Cuba? Iran? Russia? England? The UN?

Not only is Comrade President Obama bankrupting America he is turning the pride Americans feel for the red-white and blue banner of freedom at home and abroad into a nation of dependence on government authoritarian bureaucrats, welfare handouts and a people being told what to do, when to do it and what is best for them, legislated by elected officials that say one thing to get in office and do another once they are all powerful.

Here is a quick housing review after the Marxist Kid’s five months in office on the economy:

U.S. Building Market Intelligence, June 2009

• Housing supply continued to diminish, falling to the lowest levels of both starts and permits in the nearly 50 years that the Census Bureau has been tracking these statistics.
• The supply of unsold homes increased and remains high at 10.2 months of inventory.
• The pending home sales volume jumped in April, and is up 3.2% compared to one year ago.
• The seasonally adjusted annual existing home sales volume increased to 4.68 million transactions, yet is down nearly 4% year-over-year, according to the National Association of Realtors (NAR).
• Due to falling home sales prices and deterioration of the stock market, the U.S. has lost more than $11 trillion of wealth in the past year, reaching a total net worth of $51.5 trillion.
• First-quarter real GDP growth was revised upward slightly, but at an annual decline of -5.7%, it remains one of the most significant drops since the early 1980s.
• The Full CPI increased slightly to 1.9%, but the Core CPI (all items less food and energy) declined to -0.7%, which is only the second time the value has fallen below zero since 1955.
• The employment sector continued to weaken, with 5.2 million payroll jobs (3.8%) lost in the last year, which is the worst decline in more than 50 years.
• The headline unemployment rate has recently increased to 8.9%, reaching its highest level since late 1983, and the real unemployment rate (including part-time workers looking for full-time work) rose to 15.8%. Mass layoff events – job cuts of more than 50 jobs – have doubled in the last year.

All signs point to further declines. Yale University Professor Robert Shiller, co-founder of the S&P/Case-Shiller index, said earlier this month that [home] prices will continue to fall, contributing to a prolonged recession.

Deutsche Bank AG analysts last week said that U.S. home prices may fall another 14 percent before reaching a bottom as an increase in the jobless rate offsets lower prices. The worse declined may hit the New York and Orange County, California, metropolitan areas, analysts led by Karen Weaver said.

The Federal Reserve is trying to keep rates low and spark a housing recovery by purchasing as much as $1.25 trillion in mortgage-backed securities from the US treasury department to free up funding for home loans.

Those efforts may not be able to keep up with the rising number of Americans falling behind on their mortgages. U.S. foreclosure filings are forecast to hit a record 1.8 million in the first half of this year, according to RealtyTrac Inc., the Irvine, California-based seller of default data. Filings surpassed 300,000 for the third straight month in May, RealtyTrac said on June 11.

Even Democrats love freedom and when the liberals have to choose between a partisan Marxist-fascist agenda and being called an unchristian nation, participating in a Nation that is afraid to be the leader of the Free World, let us all hope the liberal progressives are finding a back bone and beginning to challenge the Socialist Ideals of their Marxist Messiah.

The Obama economic plan to nationalize major sectors of the economy to protect Americans from the practices of big business depends upon the government’s ability to regulate.  Clearly regulations were in place during the current mortgage crisis, Senator Barney Frank Chairman of the banking committee heard testimony from Bush Administration officials that Fannie Mae and Freddie Mac were in financial trouble in 2006, but partisan Democratic politics blocked any investigation into the problem.  The American system works but politics at the highest elected levels can neutralize any of the regulatory strings that would be set in place to protect the financial system and the American public.

How will new government controls manage to stave off the next financial disaster?  How will they repair what has been done?  Will the new federal government regulatory expansion into every aspect of the economy allow the economy to pull out of the current nose dive?  Can nationalizing businesses and the threat of nationalization bring the economy under control?  Can business growth and expansion occur with a regulatory foot on its neck and a gun pointed at its head?

There is only one rule that matters, it’s the golden rule.  It is not he who has the gold makes the rules, it is he who creates the debt makes the rules.  America’s mountain of trillions of debt created by Comrade President Obama must be paid back to the government by the American people.  The American taxpayer is the true gold, but they have allowed their government the authority to tax them forever.  They have given their property their personal treasure their freedom to create life as they would live it over to a totalitarian regime.

Comrade President Obama must have complete control of the American people and their economic well being to implement a new Marxist-fascist social order. Through new policies to protect Americans from the private sector congress and those believing in hope and change will have their new reality, totalitarianism.

In all reality the government has created the current economic problem through its partisan politics, by relaxing laws and regulations in place and not enforcing laws on the books such that the social agenda of those in power could best be implemented.

Now freedom and liberty will be sacrificed to government control to protect America from the institutions that created the greatest nation in the world.  The government did not create this nation it was the people, unchained and unregulated left to follow the dictates of their own hearts, minds and souls. That the best government was the least government, that the constitution was created to protect Americans from the tyranny of King George of England and every such dictator that could possibly render freedom and liberty into chains of subservience to the state for the purposes of the state.

This is exactly what is happening from within, American tyranny, control and government police to further enforce the will of government on behalf of and in the name of protecting the taxpayer.

Let us review the new Authoritarian rules put in place or to be mandated by our Comrade in Chief Obama.

• The Fed will be allowed to have new sweeping powers to eliminate any financial company, banks and insurance companies that it wants or feels that is needed.  If the President would allow his old association with ACORN, under indictment for voter fraud to run the census now controlled by the White House, what kind of cronies will he ensure to have the power to send to the American gas chamber of financial death?

• Control of debt securitization such that instruments with poor security, you know the debt that was at 100% and above equity so all people could own homes, another Barney Frank policy along with the liberal secular progressive agenda must be better policed by government. This was the situation where Fannie and Freddie’s indiscretions were brought to the highest levels of congress and denied because of patrician politics; someone said Barney was sleeping with one of Fannies execs (no pun intended).

• Lets have the financial market police unleashed upon banks by the Federal Trade Commission and Securities and Exchange Commission. How about mandating that every State adopt regulation z, truth in lending requirements that if not implemented as intended by the Federal Government by the States the Federal Government will have the authority to run the program in that State. This includes new licensing for every real estate mortgage broker in the United States, this includes stiff penalties for not following new inconsistent federal guidelines and procedures that will make mortgage lending a hazard rather than facilitate borrowing which will get the economy growing again.

• Where the FDIC could take over failing S&L’s during previous recessions now it will have broader authority to acquire larger mulit-national firms with global interconnections so that government control will extend to the far reaches of the globe and these large institutions can be chopped up and sold to the patrician political contributors who notified the FDIC in the first place to that good deals on bank assets could be redistributed a hallmark of Comrade Preside Obama’s administration.

• The Obama administration wants to establish a process where U.S. and foreign regulators coordinate regulation of multi-national firms to ensure taxes are paid to the federal government. Since American regulations are now going to be so sever they wouldn’t want a company to set up shop in another country thereby avoiding the new compensation requirements elimination bonuses and regulating executive pay that the government determines are too excessive. Even though America’s corporate tax rate is the highest in the world and other countries could provide more profitability thereby increasing job growth, command and control is the new guidepost for America.

America has now moved into an area of public policy where the foot print of a bureaucrat from the executive branch of the federal government will be there to ensure that every aspect of American Life will be controlled, data collected and computerized, dossiers’ created on anyone about anything.  Nazi Germany had the SS, Russia had the KGB, now America has the OSP, the Obama Socialist Police.

The economy is not what is important to the Obama Administration.  It is the restructuring of society and the ability of government to maintain control of the American people and the best way to accomplish this task is through new bureaucratic power of as much of the economy as possible with the eyes and ears of government at the helm.

Through coordination with ACORN and developing census data the executive branch will be able to infiltrate areas of civilian life where there is objection to government control and deal with those people accordingly.  Removal of guns as provided for under the second amendment is one of the primary sources of control that is currently under attack by the Obama Administration as it poses a major threat to the command control big brother OSP.

Where are the regulations on government?  What avenues do Americans have when their Government is abusive? Where are the checks and balances on a government out of control?  How do every day Americans stop the Fed from printing dollars and purchasing securities from the Department of Treasury?

That document is called the Constitution and it is being sacked and side stepped.

Case in Point: The State of Indiana chose to bring to the Supreme Court the issue of its teachers union secured investment position in General Motors thrown to an unsecured position by the federal government choice.  It appears the UAW’s position though an  unpreferred  one was placed ahead of the Indiana  teachers union.  Clearly a violation of law and the constitution by the federal Government.  However, liberal justice Ginsberg threw out the matter as her administrative right as to what can and cannot come to the court through her jurisdiction.

The local tattoo artist will tell you , “I will do this with a light touch!” This must be where Comrade President Obama heard the phrase, as he Nationalizes General Motors, and prepares an agenda for American business  that gives the Fed and Treasury department a carte blanch dictatorial control to take over any business.

“I think the irony … is that I actually would like to see a relatively light touch when it comes to the government,” he said Tuesday in a White House interview.

The irony is that even the criminal is given his day in court, you are innocent until proven guilty, but not in the Marxist-fascist Obama regime.  Corporations will not have a day in court they will be summarily absorbed into the “big Government” plan of this new socialist administration, with a tattoo upon American society that can never come off.

The Presidents SS-squad is about to take on the nation’s health care system, not by looking for ways to make a system more efficient  and provide free enterprise, entrepreneurs and business a way to provide better service at a less cost.  No Comrade President Obama intends a complete overhaul health care system by nationalizing it.

To deflate that impression, Mr. Obama’s chief White House economic adviser, Lawrence Summers, was in New York a few days ago to give a speech saying essentially: No, we aren’t socialists.

Well it is telling that this is the first time the Administration has come out and defended its tattoo practices as non-socialist, while they intend to nationalize another segment of American free enterprise.

The old political adage still plays, tell the people what they want to hear, then do what you intend to do, and soon the nation will come under your complete control.  When Castro came to power he gained the peoples support by telling them of the freedom they would gain, of how he would right the wrongs of the previous administration, yet he moved quietly in his authoritarian direction with public support until it was too late for the people to change the course of their destiny.  Exactly what is happening today!

While telling Americans, “we want to do the minimum possible to assure that every stakeholder in the marketplace — consumers, workers, investors, entrepreneurs — have a clear set of rules of the road, they know what they’re getting themselves into, they’re making decisions based on the pursuit of profits,” Obama has proven he has a different agenda for America.

Comrade President Obama has preached openness, transparency, and non-partisanship yet he has moved ahead with sweeping changes to the American capitalist system at light speed with no review, no openness and no discussion except to tell Americans what they want to hear to assuage their fear.

His 2010 budget message is one of,  ”an era of responsibility, how we are living up to our obligations to ourselves and on another,” yet included in this budget are 9000 pork barrel earmarks that have nothing to do with responsibility but wasteful spending when the economy and deficit are ending American prosperity for our children.  For the first time in history, Americans are leaving their children with a dismal financial future, not because of what the Obama administration says they inherited but because of how that administration has attempted to spend its way to recovery with borrowed and printed dollars by the trillions!

The Congressional Budget Office estimated on Tuesday that the federal deficit would hit $1.43 trillion in fiscal 2010 under Obama’s budget plan, slightly higher than it had previously forecast.  “There’s no doubt that we’ve got a serious problem in terms of our long-term deficits and debt,” he told CNBC. “I make no apologies for having acted short term to deal with our recession.”

“If we are growing at a robust rate, then we can pay for the government that we need without having to raise taxes.” Obama said in a Bloomberg interview.  “I’m confident that we don’t have to raise taxes on ordinary working families,” he said.  Yet the economy continues to shrink at a 5.7 percent annual pace in the first quarter yet is expected to grow  1.9 percent according to a group of economists.

Yet this is dangerous and wishful thinking, they call it betting on the come line in Vegas, placing ambitious and costly expansion of government bets, the greatest government growth in American history, on a robust economic growth.  How can this occur when his Administration is Nationalizing large segments of American industry with a new foundation to take more out as they see fit.  Government and new regulations don’t promote business growth it retards economic expansion until the yoke of taxation is removed.

By building an economic vision of robust growth by laying a foundation of Marxist-fascist principals Comrade President Obama is gambling with the lives of all Americans and America’s future on a tried system that has a proven record of failure.  Comrade President Obama’s vision of a more activist government, by asking only the richest 2% of Americans to pay more, is a shaky assumption.  As the recession has cut into the capital gains and bonuses and wall street profits, as well as the decline of real estate values and the stock market the tax revenue Obama is counting on from a roll of the dice is turning to dust.  April 2009′s tax receipts are off 44% over last year.

Comrade President Obama should start telling middle class America that they should be prepared to pay for the bigger Marxist-fascist government that they want.  He is giving away billions and billions in government run programs and intends as the center piece state provided health care for each and every American, promising that government can effectively provide this service.

As with all Comrade President Obama’s proposals details will be leaking out in the following weeks, months and years.  As the bills for all his federal expenditures mount up during the worst economic time since the great depression, he as with all Dictators is not leveling with the people, telling them, you wanted bigger government, now you will have to pay for it!

Comrade  President Obama has got to take the American public for complete idiots!  We are out of money because of health care?  Hello  M.President your budget with 9000 pork projects yah the one that is $3.7 trillion dollars, plus your the trillions in bank, auto industry and AIG bail outs, and we are out of money because of health care? Well 60% of the people give you a good approval rating but they just can’t tell the difference between a lie and an overstatement of truth on the path to a new nationalized health care program.

In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money."

C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president.

SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?

OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades. So we've got a short-term problem, which is we had to spend a lot of money to salvage our financial system, we had to deal with the auto companies, a huge recession which drains tax revenue at the same time it's putting more pressure on governments to provide unemployment insurance or make sure that food stamps are available for people who have been laid off.

So we have a short-term problem and we also have a long-term problem. The short-term problem is dwarfed by the long-term problem. And the long-term problem is Medicaid and Medicare. If we don't reduce long-term health care inflation substantially, we can't get control of the deficit.

So, one option is just to do nothing. We say, well, it's too expensive for us to make some short-term investments in health care. We can't afford it. We've got this big deficit. Let's just keep the health care system that we've got now. Along that trajectory, we will see health care cost as an overall share of our federal spending grow and grow and grow and grow until essentially it consumes everything...

SCULLY: When you see GM though as "Government Motors," you're reaction?

OBAMA: Well, you know - look we are trying to help an auto industry that is going through a combination of bad decision making over many years and an unprecedented crisis or at least a crisis we haven't seen since the 1930's. And you know the economy is going to bounce back and we want to get out of the business of helping auto companies as quickly as we can. I have got more enough to do without that. In the same way that I want to get out of the business of helping banks, but we have to make some strategic decisions about strategic industries...

SCULLY: States like California in desperate financial situation, will you be forced to bail out the states?

OBAMA: No. I think that what you're seeing in states is that anytime you got a severe recession like this, as I said before, their demands on services are higher. So, they are sending more money out. At the same time, they're bringing less tax revenue in. And that's a painful adjustment, what we're going end up seeing is lot of states making very difficult choices there...

SCULLY: William Howard Taft served on the court after his presidency, would you have any interest in being on the Supreme Court?

OBAMA: You know, I am not sure that I could get through Senate confirmation...

American Tea Parties Threaten Obama’s Rule

Tea Party In Orange County California

As American Taxpayers across the United States protest higher taxes in events titled “Tea Parties” against the out of control spending in Washington Big Brother will be watching!

The Fascist Obama Administration has issued orders through the Department of Homeland Security warning law enforcement officials of right wing extremist activity.  The Obama political machine is declaring themselves the social consciousness of America and moving to eliminate opposition though its police state powers.  Law Enforcement has been told to watch Americans, “groups and individuals that are dedicated to a single issue, such as opposition to abortion or immigration,” the warning states, or perhaps the single issue of taxation from an out of control government!  Americans are now being labeled as extremists, without proof, without reason but for the purpose of oppression and name gathering by local law enforcement, FBI and the Office of Homeland Security.

The Department of Homeland Security is warning law enforcement officials about a rise in “rightwing extremist activity,” saying the economic recession, the election of America’s first black president and the return of a few disgruntled war veterans could swell the ranks of white-power militias.

Yet those behind the Tax Day tea parties are ordinary folks who are using the power of the internet to organize.  Today’s “Tea Parties” are not organized by radical groups as Home Land Security would have the media believe, but ordinary Americans fed up with their government representatives.  As a matter of fact pollitical organizations are not allowed to facilitate only attend.

Millions of Americans are getting organized on their own and political party representatives are welcome to participate in the rally but the stage time is for the people not elected officials, in government or political parties.

The media along with Comrade President Obama’s fascist government bureaucrats are going to paint this National Movement as anti-establishment, anti-Obama, anti-any-thing-they-can-fit to categorize average Americans as radicals who must be stopped, indentified and watched.

The new changes in Washington both from Congress and the Administration are moving rapidly toward Nationalizing the economy, and consolidating Americans by addicting them to class consciousness and social bigotry, and welfare,  the have not’s against the have’s.  The AIG bonus issue is a perfect example. The puppet media fanned the outrage along with Comrade President Obama, but not a word of outrage about a greater amount of Bonus money paid to Government’s Fannie Mae and Freddie Mac, the true perpetrators of the mortgage melt down!

This is a defining moment in America, Government using the economic crisis to move swiftly against our freedom and liberty when we are at a time of economic crisis.  Today, independent men and women understanding their own needs, self sufficient in guarding their own prosperity, and willing to show their united stand against fiscal irresponsibility demand that government tyranny through taxation and unnecessary wasteful spending be stopped.  At a time when America is in a financial crisis, its leaders create immense spending programs that produce nothing but dependence on government, not one program to help the average person on the street.

A case in point is the federal government $8,000 home buyer stimulus.  First it was to any home buyer, then it became first time home buyer, then it became only available for first time new homes, then it became a credit that could come off your taxes but could not be used as a down payment. A worthless government gesture meant to show how good government can be when in reality it is a sham program like all the other pork programs, no substance just politics of public manipulation.   Government continues to provide for the “too big to fail institutions” and is moving to eliminate dissent by proclamation against its policies to usurp freedom and liberty, for the sake of power.

Today average Americans are proving that free spirit, independence, and self reliance against taxation by ambitious men, liberal classes and causes, legislating indiscriminately for special interests for the immediate purpose of usurp control and authority over the individual at the expense of the individual, will not be tolerated!

Let government by the people and for the people not perish from the earth, for this light of leadership in the world is under attack, and we have allowed it to happen by believing in politicians instead of the constitution and those who demonstrate the ability to uphold it, not who promise to uphold it.

Today is a great day to be an American!

China has lent approximately two-thirds of its central bank’s $1.95 trillion in foreign reserves by purchasing American securities.  The Chinese government’s concerns over the safety of its investment in American debt has caused it to actually start selling bonds heavily in January and February before resuming purchases again  in March, according to data released during the April 12^th weekend by China’s central bank.

This is not a sign that China is attempting to punish America for pursuing its monetary and fiscal policy to stimulate the US economy, which would benefit China if and when that occurs, but is a sign that China has invested enough of its reserves in American debt.  Chinas economy is stronger than Americas because its fundamentals, debt to income are in much better shape.  China has always been benefiting from the America – China trade deficit since most products purchased by America are made in China, however this trend is changing.  American’s can no longer afford to purchase items as its economy is contracting at a rapid rate and people are saving more.

The New York Times, reports, China’s economy also appears to be bouncing back from the global economic downturn faster than its trade partners’ economies.  Its 2009 growth target is 8 percent, but even if it is five percent that would be the strongest of any major country.  If that proves true, the result could be an increase in imports to China while its exports recover less briskly.  This would limit trade surpluses and leave the People’s Bank with less money to plow into foreign reserves.

The Chinese government is concerned about the large amount of money it has lent to the US and how well its assets are being protected.  Chinese economists are concerned that the Obama policies will erode the value of their American bond holdings due to long term inflation.

Washington needs China to fund its massive budget, bail outs and stimulus and they are worried that the rising American deficits will devalue the Treasuries by pushing interest rates higher; China is also starting to purchase gold and mining companies than to continue buying Treasuries.

Last month, Chinese companies announced $22 billion of planned overseas investment, including a $19.5 billion plan for an increased stake in Rio Tinto Group, the world’s third-largest mining company.

Standard Chartered has said China’s outbound foreign direct investment may exceed inflows this year for the first time.

As America’s debt grows to unbelievable highs to fund immense social programs, China is  investing in its future. China is quietly acquiring the natural resource by worldwide investments, to build a strong and lasting economy.  China is studying ways to use its foreign exchange reserves to buy equipment and technologies that are key to its economic development.

As Obama misdirects the eye of America to social welfare instead of economic sustainability and keeping America’s dollar strong, he and Congress are impeding economic progress by nationalizing industry and resetting priorities for capitol.  By Obama’s push for unproven methods in economic recovery he is forcing America in to take a back seat to China.

China is investing in what made America great, China is unleashing the potential of its people and technology for investments that will pay dividends in future economic growth.