As Comrade President Obama attempts to strong arm the American public as he has with the House and Senate, tonight he comes to publicly proclaim during the worst economy since the great depression, that we can spend our way out of this fiscal disaster with more debt!

By using Marxist-fascist tactics and a Keynesian economic model that has never been proven to work in comparison to good old American capitalism, the economy is slowly sinking into a depression.  There is no doubt the Comrade in Chief is pushing ideology over reality, when cost cutting and smaller government would mean less taxes to support his bloated government inefficiency, next he wants higher taxes and nationalized government health care, the upfront costs being $1.5 trillion over 10 years!

He tells the American public that he will not swell the deficit, but he is just playing with word semantics as this will swell the national debt to an even higher debt stratosphere.  He comes to the American public preaching cost savings while his government run programs call for cost increase  through taxes to pay for more and more Marxist-fascist legislation!

He and his SS commanders are so out of touch with reality that they think they saved the economy!

White House Chief of Staff Rahm Emanuel told The New York Times Obama intends to use the news conference as a “six-month report card,” to talk about “how we rescued the economy from the worst recession” and the legislative agenda moving forward, including health care and energy legislation.

While the UK, France, Italy, Germany, Ireland, Spain and Japan to name a few countries have national debt payments at or above 100% of GDP, the good Comrade in Chief has created staggering debt of his very own for all Americans to pay and he is not done yet!

As of July 20, 2009 the outstanding national debt is $11.6 trillion.  The debt payments in 2008 were $451 billion, a five percent increase in 2009 would mean $474 trillion. This does not include the current obligations for Social Security, Medicare, Medicaid, and the Bush prescription drug program which the Comrade in Chief is not addressing as he seeks to topple the best health care system on the planet.  Let’s not even consider cap and tax the cost of war and presidential plane rides.

Adding in the unfunded mandates the true national debt is $54 trillion.  To get America back on track would necessitate more borrowing. America would need to borrow five times its current rate to cover payments on existing government programs that are running out of funds.

There is no reason to keep increasing spending even if the economy and American public could financially support it. For the President to ask for more debt and tax increases from a population that is realistically at 16% unemployed, is a complete ego trip.

Tonight on National Television Americans will see how unrealistic and Marxist the Comrade in Chief is and how out of touch he is with American values and how close he is to the values of Castro, Chaves, Putin and Hitler.

After tonight his approval rating should drop as more Americans understand they are being lied to by a man who promised true change but created more financial misery at a faster rate than any other American President.

Comrade President Obama told the American public that he would not nationalize banks.  Now when a large bank tries to payback with interest its TARP funds he won’t allow it. Americans and any recovery need to be based on trust.  This is the way American markets have worked since inception of the original thirteen colonies.  With a Government warranty of GM products as if it is the car manufacturer taking an active role in the management by terminating its CEO, how can the public and market place develop trust in a government that is actively attacking American financial and manufacturing institutions?

Obviously, government will not allow these institutions to fail, and so will pour billions and billions more into them because that is the only technical ability of government, to spend other people’s money.  There is no moral compass at the head of Congress or the Executive branch, as honesty and egocentric authority and irrational behavior appear as the new norm.  These are not principals of recovery but those of fascism.

The US government has raised FDIC insured deposits to $250,000 this guarantee is taken seriously by the nation’s depositors.  Now that these new government insurance levels have been created people feel their deposits are safe.  Few people realize that the FDIC is broke, the only way to pay off depositors is to create money out of thin air there is nothing backing up this insurance but the printing press.  The FDIC is making a broken promise to Americans.

In the coming depression the FDIC will be called upon to pay off depositors worthless obligations in deflated real estate investments.  It appears the Treasury Secretary and Fed Chairman are already facing this crisis but have not told the American public how severe the problem is at present.  The last thing the Treasury wants to do is set off a panic.

America’s new IOU debt obligations for the trillions borrowed by foreign governments, individual bond holders, and banks at this time are so great, that as the crest of the economic tsunami breaks toward depression, Comrade President Obama’s administration will see its tax revenues contract even further.  Treasury Secretary Geithner and Fed Chairman Bernanke will be hard pressed to pay the interest on this debt, let alone principal payments.  This same situation is amplified by all the other nations of the world that have bought into the risk of motivating their economies on government capital inflows into both the public and private sectors with more debt.  America’s annual debt is at GDP levels, its loan to value ratio will be negative by the end of the year.  Other countries are in a worse position!

When sovereign nations begin to default, which we are predicting will happen later this year,  the international cost of borrowing will jump or possibly stop all together.  The Fed is purchasing toxic bank debt at 10 cents on the dollar, or $100 billion guarantee for $1 trillion exposure.  It is no longer a non-partisan player but an active participant in using monetary policy to further a partisan Marxist-fascist agenda on behalf of the Administration.

How will the pieces get picked up by the American people when the crashing wave of debt crumbles upon the economy and the only people who can bring innovation, talent and ability to resolve catastrophe, are shackled with so much government regulation, taxation, and control that they are immobilized and can only sit by and wait for their inflated welfare check, which will be taxed!

By the time congress and the Marxist-fascist administration changes by elections, if the ballot boxes have not been filled by democrat sponsored Gestapo tactics, getting government off the backs of Americans will be four years off.  Until government sponsored economic terrorism is destroyed in America and the full potential of the American people is unleashed, there can be no recovery, only a small parasitic government induced growth that will suck the life force from the economy to sustain itself, through taxation.

The private sector has always lead America out of every recession and built the strongest economy in the world, but only when government has gotten off its back and out of the way.