The $1.1 trillion budget bill also adds about $5.4 billion for new labor, education and health spending in addition to billions more to meet a shortfall in Pell grants for low-income college students; $1.25 billion in spending related to health care reform; including 6,600 legislative earmark provisions where $8 billion within the bill should be spent.

Unfortunately this congressional mad hatter spending will not help get the country back on track with jobs or create an opportunity for business growth.  What it will do is create further drag on the economy as greater revenue is required to pay down the interest on the debt to finance these spending programs bought on Chinese credit.

We can hope the new congress will begin to rein in spending which will still require the president’s signature for passage.

There is no stimulus to come from a one year 2% payroll tax rate cut; There is no stimulus in raising the estate tax from zero to 50%; tax credits for ethanol help an industry already on federal life support, to mention a few.   However, what has in effect happened is that America will soon get a second $858 billion Stimulus over two years, lets not forget the first Obama $814 billion 2009 stimulus package.  This time Obama got the Republicans to offer to increase spending by $858 but $630 billion of the tax bill is earmark spending above and beyond extension of the Bush tax cuts.

This is not good economic news for a future forecast that the recovery is taking hold.  Just when we thought the reckless spending was over its damn the deficit, full speed ahead with spending more borrowed Chinese dollars.

While oil prices would have to go back to their 2008 highs to slow the economy the recent run-up towards $90/bbl is already doing its damage. Gasoline prices at the pump are now over $3/gallon in 20 states and the surge has effectively drained $40 billion out of household cash flow. So, a good part of that Bush tax cut extension is going to be siphoned into the gas tank.

Those now receiving unemployment soared 523,000 to 4.2 million the latest week and they will receive continuing payments of unemployment checks instead of standing in soup lines.

Imagine embarking on more fiscal expansion at a time when structurally the budgetary gap has breached 7% of GDP and the Fed going along the road of even more radical expansion of its balance sheet with quantitative easing II, and a congress that was just spanked for creating fiscal excesses is now tapping into the Social Security fund so as to stimulate consumer expenditures.

Now Democrats opt for the tax cuts they reviled in 2008 and the lame duck congressional leadership appears in line to run up the fiscal tab even more with a trillion dollar continuing resolution/omnibus spending bill to fund the federal government through next year; remember they did not pass a federal budget yet, and this resolution contains even more democratic pork barrel spending.

WHATS HAPPENING IN THE REAL ESTATE MARKET?

It’s perplexing that the latest down-leg in U.S. home prices has gone virtually unnoticed by the media and the markets. The Case-Shiller index is down in each of the past three months and there is still roughly two years’ of unsold inventory overhanging the market once the “shadow” foreclosure backlog is included.

Housing demand is dormant as home buying intentions slipped in December to a level that can only be described as anemic. Mortgage applications remain near decade-low levels and part of this reflects lingering caution among private lenders who are still maintaining fairly stringent credit guidelines.

A FEW OF THE LATEST HEADLINES FOR DECEMBER

Housing Wire – “Robo-signing hangover slows foreclosures in Western states” (12-14-10)

“Foreclosure sales in Arizona, California, Nevada, Oregon and Washington fell 38.7% in October and November, according to ForeclosureRadar.”

CNN - “Obama’s mortgage mod plan is still lacking” (12-14-10)

“Last April, the Congressional Oversight Panel found the program to be struggling to get off the ground despite having been in action for a year and a half. The latest evaluation of the Home Affordable Modification Program (HAMP) came out Tuesday and the result was — same deal.”

San Francisco Chronicle - “Loss of estate tax leaves hole in state budget” (12-14-10)

“The proposed tax deal in Congress would fail to deliver about $2.7 billion in estate tax revenues California was counting on receiving this fiscal year and next, but some say the state should never have expected those revenues in the first place.”

Housing Wire – “LendingTree survey shows 40% of homeowners took first loan offer” (12-14-10)

“Roughly 40% of current homeowners surveyed by the online lender exchange LendingTree obtained just one mortgage loan quote before purchasing their home. LendingTree and the Harris Interactive surveyed 1,317 homeowners online, and of those 96% said they compare prices when shopping for anything – except mortgages. This, according to LendingTree, explains why only 28% surveyed feel confident they got the best possible deal on their loan.”

Associated Press – “Fewer homeowners underwater in the third quarter” (12-13-10)

“About 10.8 million households, or 22.5 percent of all mortgaged homes, were underwater in the July-September quarter, housing data firm CoreLogic said Monday. That’s down from 23 percent, or 11 million households, in the second quarter.”

Housing Wire – “Zillow: Home values crater by $1.7 trillion in 2010″ (12-9-10)

“U.S. homes are expected to lose more than $1.7 trillion in value this year, 63% more than the estimated $1 trillion lost in 2009, according to Zillow.”

Housing Wire – “Double dip in some markets drag home prices down 5.8%: Clear Capital” (12-9-10)

“Home prices in November dropped 5.8% over the previous three months and are down 2.7% from a year ago, according to real estate analytics firm Clear Capital.”

Housing Wire – “Fannie Mae survey finds traditional homeownership changing” (12-9-10)

“51% of survey respondents said the housing crisis has not affected their overall willingness to buy a home, 33% said they would be more likely to rent their next home than buy. In January, 30% of Americans surveyed said they would rent a home the next time around.”

Housing Wire – “Fitch sees 10% drop in home prices in 2011, negative outlook for MBS” (12-9-10)

“Fitch Ratings expects another 10% decline in home prices in 2011, as the supply of distressed properties continues to weigh down the housing market. Accordingly, analysts maintained the agency’s negative outlook for the residential mortgage-backed securities space and said 53% of all investment-grade RMBS rated by Fitch have a negative outlook.”

HOW ABOUT THAT GOLDEN STATE CALIFORNIA!

Governor Re-elect Jerry Brown says California’s budget deficit may hit $28 billion, and last year it was a meager 19 billion that was apparently closed by Governor Schwarzenegger this past budget year, with gimmicks to reach the balanced budget requirement like trying to borrow $3 trillion in bonds all at once.

California’s Politicians are solely responsible for this fiscal mess from spending on programs when revenues were dropping and for not having any fiscal restraint.  They are also responsible for using borrowed money to pay for current expenses until they had borrowed more than they now seem able to pay back.

REVIEW OF CURRENT GROWTH, EMPLOYMENT STATISTICS AND AFFORDABILITY

Growth is down, unemployment is up and home prices are in the tank.  These are good times for purchasing homes and reselling them, and holding on to assets that will take off when the economy turns and inflation takes off.  Home mortgage rates are now trending upward and the bond market is following suit.  California will need funding from the federal government to stay afloat, raise taxes, cut spending and pay higher rates for borrowed money due to its terrible credit standing.  Raising taxes will not help the numbers on the chart above.

The definition of insanity doing the same thing over and over again expecting different results………Einstein



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.

The economy is crumbling, unemployment will soon be in double digits, Economic Trends Journal has predicted 12 percent unemployment by this time next year, it has not yet hit bottom the worst in 50 years, debt and deficits continue to explode, new home construction has stopped, GDP has an annual decline of -5.7% the most significant since 1980, given the size of public debt interest rates are extraordinarily low and the government keeps borrowing and expanding.  Government health care will cost $1 trillion, and while the American economy is on its knees begging for forgiveness, it is being stoned by its Marxist-fascist captors.

The US economy is in a crisis long-term interest rates are on course to double, given government borrowing, crippling the country’s ability to pay its debts and plunging it toward the precipice  from which there is no return, the elected wise men in government are debating another stimulus package.  Why, because the last ones worked so well?

As California’s example shows debt outstripped income, the states bond rating has just dropped to triple “B” just above junk, resulting in higher interest rates for its debt, the Liberal Marxist’s in government still have not come to grips with cutting government programs to bring a balance to the budget, giving an insight into the future of the US economy as a whole.  Comrade President Obama and his band of “green” merry men are the most fiscally irresponsible administration in the history of America.  They are borrowing more money than the combined budgets of every administration since George Washington!

While no one will lend to California due to the risk, so will the US face the same situation in the future, as the government growth requires taxpayer funding, as the base of taxpayers becomes greater through unemployment, as cap and trade taxes make US companies less competitive on the international market, as tariffs on imported goods to equal out the disparity in competitiveness are found to be protectionist and could ignite a trade war, Obama’s policies are failing miserably but his propaganda machine, and no sense minions on the street lap up the double talk giving the Comrade in Chief a 58% popularity rating, the beat to the economy goes on.

No one seems to believe that unprecedented expansion of government programs and the Marxist nanny state will lead America out of this depression, even the elected Politburo officials understand that this massive spending and debt creation means poverty for the American people tomorrow, but they continue to spend taxpayer dollars and do not listen to a majority of Americans who want this spending to stop.  No.  Elected officials are listening to Wall Street and bankers such as Goldman Sachs for direction, while they all fill their pockets with taxpayer money.  Then when a return of TARP money is made Congressman Barney Frank does not intend on paying down the debt, no he has other social give away programs for these moneys.  The cycle is unbroken as the economy worsens; self interest, political power, and big business with its green hand out are more than happy to subvert the capitalist system to serve in the new public-private politburo.

With America’s economy slowing to depression speed, entering a fiscal crisis unlike any seen since the 1930′s, with unregulated elected gamblers with fiduciary control doubling down with trillions in bailouts, industrial nationalization programs massive spending increases, creating a business dependency on government prioritized interests not on free choice, now admitting they didn’t realize the economy was so bad, per VP Biden, the idiots are truly running the asylum.

Where is the free American press?  It has come down to bloggers as the free press has its hand in Obama’s pocket with their pants down around their ankles in awe of the double talk while the true issues facing America are not reported on.  However, were Obama a republican, lord how the reporting would be different.  In the end, when times get tough enough, main stream media reporters losing their jobs will have to acknowledge the economy, that is if they are not being funded by a parent corporation that has major Obama “green” contracts to keep the Marxist-fascist propaganda press alive.

A day of financial reckoning is on the near horizon, it will be financially horrific for every American.  While America goes green, other economy’s are building up their international energy supplies and manufacturing base while America’s dwindles.  American products will become so expensive that cheap imports will put more Americans out of work, but they will face a doubling of electric and gas bills along with the higher taxes to pay for saving a planet that needs no saving! Lief Ericson named Greenland not because it was covered with snow, obviously over time the planet has gotten colder!

In a 2003 paper, Thomas Laubach, the US Federal Reserve’s senior economist, calculated the impact on long-term interest rates of rising fiscal deficits and soaring national debt. Applying his assumptions to the recent spike in the US fiscal deficit and national debt, long-term interests rates will double from their current 3.5pc.

The impact would be devastating by making it punitively expensive to finance national borrowings and leading to what Tim Congdon, founder of Lombard Street Research, called a “debt explosion”. Mr Laubach’s study has implications for the UK, too, as public debt is soaring. A US crisis would have implications for the rest of the world, in any case.

Using historical examples for his paper, New Evidence on the Interest Rate Effects of Budget Deficits and Debt, Mr Laubach came to the conclusion that “a percentage point increase in the projected deficit-to-GDP ratio raises the 10-year bond rate expected to prevail five years into the future by 20 to 40 basis points, a typical estimate is about 25 basis points”.

The US deficit has blown out from 3pc to 13.5pc in the past year but long-term rates are largely unchanged. Assuming Mr Laubach’s “typical estimate”, long-term rates have to climb 2.5 percentage points.

He added: “Similarly, a percentage point increase in the projected debt-to-GDP ratio raises future interest rates by about 4 to 5 basis points.” Economists are predicting a wide range of ratios but Mr Congdon said it was “not unreasonable” to assume debt doubling to 140pc. At that level, Mr Laubach’s calculations would see long-term rates rise by 3.5 percentage points.

The study is damning because Mr Laubach was the Fed’s economist at the time, going on to become its senior economist between 2005 and 2008, when he stepped down. As a result, the doubling in rates is the US central bank’s own prediction.

Comrade President Obama is proving to be like all other Marxist-fascist dictators!  Tell the people what they want to hear to acquire office, then forget your word and do what you want for important reasons you create.

For example, White House senior adviser David Axelrod said the president won’t rule out a health care reform bill that includes a tax hike on people making less than $250,000 a year.

Obama’s Marxist social policy’s all require increases in taxes and the truth is becoming very clear that they are completely incompetent if one was to hold their decisions to a rational public policy.  However, radical Marxist theory as now being implemented in America by the Obama Dictatorship and the congressional politburo are following ideals, not the principals as laid down by our founding fathers and codified in the US Constitution.

The Constitution set limits on government to protect the individuals rights, freedom and liberty.  Comrade President Obama with each new government mandate increases the national debt, incurs greater unfunded liabilities and relies on the power of taxation of all Americans even though he pledged to just tax the rich.  Soon all Americans will be in the same sinking boat and must pay the piper, our beloved Comrade President.

Americans are lucky to have a deep throat sitting in the White House, willing to blather about nonsense but he provides a valuable unscripted service.  Vice President Biden told George Stephanopoulos during our exclusive “This Week” interview in Iraq.

Big admission from Vice President Joe Biden today, “The truth is, we and everyone else misread the economy,” Biden acknowledged administration officials were too optimistic earlier this year when they predicted the unemployment rate would peak at 8 percent as part of their effort to sell the stimulus package. The national unemployment rate has ballooned to 9.5 percent in June — the worst in 26 years.

How bizarre that 60% of every day Americans said that the financial industry bail outs and the GM take over were complete mistakes, yet Biden says “everyone misread the economy.” Wall street was and continues to be in the cat bird seat receiving billions and congress is contemplating billions more but not for the taxpayers,  from the taxpayers.

While miscalculations and incompetent mistakes are made by this Marxist clown of a President and his circus of ringleaders, those watching may be entertained, but just as there was a cost of admission there will be a higher cost to leave the big top circus tent.  That cost, the debt, will be upon all Americans in the form of taxation for a century if not longer.

Biden says the Administration “misread the economy,” but the manner in which they attempted to resolve the economic problem is also a complete fiasco!  By laying the burden of taxation on All Americans, Comrade President Obama is proving he has no principals except his Marxist-fascist ideology.

Let us not free the people to find employment in the market place as dictated by the market, let us have a “new green market place” with new government directed priorities.  This is not the America we were born into, where the priority of our liberty is directed by the Comrade in Chief.  No.  We were born in a country where government respected the individual’s right of freedom and liberty and free enterprise was promoted to sustain and grow the economy.

There is nothing corrupt about either free enterprise or government as they are run by human beings, yet one has power over the other, and deep throat has verified the incompetence of those in power.

When government raises taxes, it merely creates more unemployment as businesses cut costs to stay in the black but these cuts force consumers to slash their own spending or default on their own obligations, driving the economy into a still deeper depression. That is why unemployment is rising and will continue to rise while the incompetent Marxists juggle ideology with reality.

Remember this July 4, 2009!

Over 200 years ago America defeated King George of England in the American  Revolution. Today, King Obama and congress are the new American  Oligarchy, instituting the same economic system that Americans defeated to gain their freedom and liberty.  Many are now happy with their King, yet they have not yet had to pay for his tax increases, nor have they seen the damage to liberty or understand the generations it will take to pay for his Marxist-fascist folly to be paid for with freedom.

The National Debt is $11.4 trillion, the unlisted liabilities for social security, medicare, medicaid the current health care commitments total a US government liability of $45 trillion, all total US liabilities are $54 trillion.

Interest payments on just the National Debt amount to $452 billion as of last year.  It is quickly growing under the Comrade President Obama administration that continues to grow government at a rate never before seen in American history but for WWII.

Perhaps the war on freedom and liberty in America by the Marxist-fascist Obama government requires massive spending that will then necessitate massive taxation to create revenues to pay for the expansion of government and payment on the annual $45 trillion debt.

Imagine what the new cap and trade tax and the $1 trillion in health care costs will do to the existing debt.  Let us consider that federal income tax revenues were down by 40% this past year, that many baby boomers are retiring and many more intend to do so collecting social security and medicare benefits when those social coffers have been completely depleted by the federal government.

Only through tax increases to a shrinking employment base can those funds be replenished, think of the millions of illegal aliens that will be collecting these benefits and never paid taxes into the US only mailed back checks to Mexico.  The American taxpayer is the only source of revenue to cover government spending and pay for the government’s debt.

The National Debt is now slightly over 80 percent of the annual GDP.  This year’s budget deficit is now estimated at about $1.85 trillion.

Debt makes Marxists happy, Comrade President Obama states, “the debt is something that keeps me up at night.” He is obviously awake trying to create new ways to further borrow money from the Saudis, Chinese and Japanese.  In so doing he can and is creating an unsustainable financial catastrophe that can only be cured with higher taxes and more government programs that will require more government and taxation while Americans believe things will get better.

This is exactly why he is creating and signing into law massive government spending programs as fast as he and the congressional politburo can legislate into law, not to solve the economic crisis but to further increase government to solve the problem that he and his government bureaucrats are creating, all in the name of solving the economic disaster.

How ironic for this President to tell the American people the economy needs more government programs to fix the economic crisis when this is exactly what is causing America’s second depression.

The true disaster of this historic day as we celebrate the 4th of July, Independence Day, is that America defeated the same type of government policy’s it is allowing Comrade President to institute upon America!

233 years ago brave Americans swore to up hold the American Bill of Rights and gave their lives for liberty and freedom, today most have no idea what is happening to them from this Marxist-fascist Dictator Obama and his socialist followers.  The day of awakening is coming!

One thing is for certain, the debt of this nation must be paid with blood, sweat and tears from the toiling of masses, such that the elected American Oligarchy can maintain their high standards of living.  This while the rest of us can do nothing but prepare to fight the stuffing of ballot boxes by leftists  with people that do not even exist when the next election arrives in 2010.  Even Mickey mouse was able to cast a vote for Obama.

Where are hero’s for the 2009 American Revolution?

During the French Revolution of 1794, Marie Antoinette, and King Louis XV of France were beheaded ostensibly for actions that expanded government control through taxation at a time when the general population was in a financial depression.  They were eating cake and champagne while the taxpayers were dirt poor and government slaves.

Sound familiar?

Since the Democrats took control of congress two years ago hundreds of taxpayer employed congressmen and senators have traveled overseas with their staff at a cost of $13 million.  This is a 70 percent jump since 2005, when an influence-peddling scandal led to a ban on travel funded by lobbyists, according to the data.

Conversely, American taxpayers are losing jobs at an alarming rate, 467,000 jobs were lost in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy’s road to recovery will be bumpy.

Bumpy indeed if it were possible to get honest reports from the main stream media that is now a propaganda machine for the Comrade President Obama regime perhaps the public alarm would be resounding louder than is currently being reported.

With the Washington Post selling influence to the Obama Administration for $25,000 to $250,000 including members of Congress how can any American with a brain not see the arm of government reaching through freedom and gripping liberty by the throat?  This offer essentially turns a news organization into an unethical information propaganda machine for Comrade President Obama’s Administration.

The government proves day after day that it is completely out of touch with the voting population that put them in office.  Government is passing laws fast and gaining power rapidly, against the will of the people, at a time when the public’s attention is diverted to putting food on the table for their family.

There is an economic crash happening NOW!  Government stimulus packages are inflating bank assets with debt dollars while deleveraging $50 trillion dollars in debt is required.

The important thing for the new Monarchy of the  Messiah in Chief and his Politburo is to implement as much legislation as possible giving government as much power as possible such that during depression times, it can amass Marxist-fascist control over the population in the name of the population.  This is similar to government control during the French Revolution, when the population is weak and suffering take power away from them while their attention is diverted to acquiring the necessities of life.

A case in point is federal officials moving to seize control of six State Parks in California if the parks are not left open by the State, the parks are: Angle Island and Mount Diablo near San Francisco, Point Sur in Big Sur, and beaches at Fort Ord Dunes near Monterey, Point Mugu near Malibu; and Boarder fields along the Mexican border.

Nationalization by Government for control and benefit of the few in a Democracy is the new social and economic American trend.  In Europe it is better known as Marxism and in Nazi Germany was called Fascism, and with the President of the United States siding with Dictators such as Castro, Hugo Chaves, Manuel Ortega against Honduras in their attempt to thwart a Dictatorial takeover of the constitution of that country is there any wonder what side America is taking when the clear choices are freedom or tyranny?

Under the current economic crisis and power grab by the Liberal Statists a second case in point is the legislation introduced by Rep. Jose Serrano, D-N.Y to repeal the 22nd Amendment to the Constitution, which limits presidents to two consecutive terms or 10 years in office.  This would give Comrade President Obama the Dictatorial control he seeks to become the first American Monarch.

During a news conference Tuesday, White House press secretary Robert Gibbs was asked whether Obama supports Serrano’s House Joint Resolution No. 5, which, if passed, could lead the way for an Obama run at a third term. It was noted that Rep. Steny Hoyer, D-Md., also supports repeal of the amendment.

As Rush Limbaugh has said, “I wouldn’t put it past Obama to be plotting right now how to serve beyond 2016, and I think [that's the reason for the] way he’s reacting to what’s happening in Honduras. They’ve got a constitution. They’re a democratically elected set of officials down there, and you had a guy running the country, Mel Zelaya, who was just going to basically rip that country’s democracy to shreds and the country moved in to stop him from doing it. And Obama sides with the guy who wanted to rip up the constitution.”

Thousands protest in Iran the election results that kept dictator Ahmadinejad in office this week.  It is strange that the American people believe in freedom and they won’t tolerate a ruthless dictators like Ahmadinejad, but they continue to allow dictatorial policies to be placed by government that limit freedom and liberty just like the Ahmadinejad regime.

The difference is that there are people in Iran who have the courage and knowledge of their loss of liberty while Americans sit and pant at every totalitarian word from their new dictator Comrade President Obama.

“People continue to have high confidence that Obama’s approach will work, even though they are hesitant about increasing the role of government and worry about the deficit,” said Andrew Kohut director of the Pew Research Center. “With Reagan, people worried that he was cutting government too much, but approved for as long as they thought his approach would fix the economy.”

However these Marxist-fascist fixes put in place by Obama require trillions of financial resources and will add two trillion in more debt this year.  People are not yet feeling  the price of more government upon their lives, nor is there a track record that government spending can bring an economy out of recession only the Regan plan showed that cutting government and providing incentives for business would ignite the economy and talent of the American people that did lead to expansion of the economy.

Americans now have the same group under federal indictment for voter fraud being hired by Obama to take the census now controlled by the executive branch, the same group that worked with Obama in Chicago that is now a federally extension of his office to maintain his power base and ensure future elections of “Party” officials, just like the dictator Ahmadinejad.

Comrade President Obama has nationalized banks, the auto industry, and is attempting a new power grab by giving Fed authority and oversight of financial firms banks and insurance companies posing a threat to the financial system, could be acquired and managed by the Fed.  This is the same entity that is responsible for the financial mess due to its quasi-government charter it was so loose with interest rates that its policies flooded the market with easy interest rate dollars.  The same entity that is buying treasury bonds straight off the printing press.

The people in Iran protesting their governments rigged election are showing a bravery and courage in the face of tyranny, while Americans sit back and watch the propaganda machine of the Obama Party via government news outlets ABC, NBC, MSNBC et al.  Completely oblivious to the establishment of a Marxist-fascist State right under their noses.  They have not yet felt the grip of a totalitarian regime but they are about to.

As Obama continues to nationalize and quasi-nationalize American industry he is moving for regulations that give Government power over peoples health decisions.  He has proven to be a Marxist-fascist authoritarian in other aspects of the free market now he is setting in place a legislative mechanism that will slowly compete with private health care causing private industry to drop the private care for the public provided alternate.  When this happens private sector health programs will be marginalized and uncompetitive and the market share will be gobbled up by government, and nationalization of another industry will happen.

Although the new government health care will cost a one trillion dollars congress is already coming up with new taxes to cover the next expansion of government in Americans lives.

The tax options include:

- Increasing the price of soda and other sugary drinks by 10 cents a can.

- Applying a potential 2 percent income tax increase to single taxpayers earning more than $200,000 a year and households earning more than $250,000.

- A new employer payroll tax could target 3 percent of employers’ health care expenditures.

- Taxing employer-provided health insurance benefits above certain levels – a less likely option but one that still is in the running.

Americans have no understanding of how much money totalitarian regimes need to generate for their expansion of government.  They have not started to pay for the extreme measures that sound so good and free, but they aren’t free and Comrade President Obama is not telling people the cost they will have to pay once government enacts these new chains to liberty.

The American economy cannot possibly pull out of this recession by having major sectors controlled and administered for the first time by the Federal government.  Nor can the administrations penchant to raise taxes on all segments of society promote an atmosphere for growth.  Larger government and higher taxes have proven to be a drag on the economy, and as the recession grows deeper while Obama creates more government that must be fed more dollars at a time when unemployment is rising and the national debt is growing Americans are not yet feeling a frustration similar to Iranian’s that demand more liberty.

As more national debt is created the impact to American lives not felt immediately is put off upon our children and their children, a selfish, pitiful and shameful situation by a society with no character.  Such a people deserve to live under the totalitarian regime they are allowing to be created, and face the same fate as the Iranian people.  This is exactly what is being instituted by their Comrade President Obama, government tyranny!

If Americans knew the true price of freedom, the value of liberty and loved their children enough to provide for their future they would never become the lap dog of a dictator, even if he is charismatic, intelligent and tells them what they want to hear.

How ironic that Americans won’t tolerate ruthless dictators in other nations while they build their own totalitarian regime, ignorant of their fate and unaware of the impending bondage to their lives and the lives of their children for centuries.

Like all totalitarian dictators cloaked in the veil of transparency there are unmistaken marks by the holy one as he pulls strings behind the Door of OZ.

As reported, to acquire federal control of private financial assets will necessitate the use of the term, protecting the public, by invoking the mantra of national security while using propaganda machines already in place but awaiting their financial backing in behind the scenes hand outs.

As sweeping changes to the financial sector are proposed on the one hand, giving “The Party” direct control of banks and the auto industry the harder sell will be the sacred cow of health care.  A multi-billion dollar industry ripe for the taking due to the now wide spread belief, not a fact, that the abuses of the health care sector have driven up costs and it is now governments responsibility to repair it by a national sacking.

There is just too much money at stake in the health care industry for Comrade President Obama to leave it alone in his quest to further cripple the economy in his pro Marxist-fascist political effort to destroy capitalism as a viable system in America.

Notice his administration is only going after the too big to fails, the Banking industry, Insurance industry, Auto industry, now the Health Care industry, and soon all industry must pay for saving the world through global warming taxes on all forms of power generation.  Taxes on oil, coal, natural gas, hydro-power, thermal must be done so that useless forms of power such as wind can be developed by government lap dogs like General Electric. Whose subsidiaries NBC and MSNBC have shown their willingness to tow the Administrations liberal progressive Marxist-fascist line.  And through their propaganda machines GE will be richly rewarded, as will the umbrella organizations of ABC the latest media acquisition of “The Party.”

Under a new the plan, expected to be released Wednesday, the government would have new powers to seize key companies — such as insurance giant American International Group Inc. — whose failure jeopardizes the financial system. Currently, the government’s authority to seize companies is mostly limited to banks.

Without legislation put forth by “The Party” the seizure and Nationalization of AIG could be set aside by court action since it is not within constitutional authority for government takeover of private business, but Comrade President Obama has directed and “The Party” is moving to provide government authority to take over any private business based upon an opinion of some Party loyalist.  Transparency is just a word used to get elected by the Comrade President, and it can be shelved until the next election, control of private enterprise is the goal as has been done by Venezuela’s President Hugo Chavez.  What better way to fund the transparent expansion of government than by Federal Nationalization on the basis of National Security.

However, if additional regulatory support is required it shall be given by “The Party” as the Fed has acted outside its statutory authority in Nationalizing the banking industry, be that also unconstitutional, it must have the power to shut down any business whose failure the Comrade President deems fit to stop or acquire with tax payer dollars.  Let us remember the voting rights for those dollars are not under civilian control but relegated to “Party Bureaucrats” who profess to know what is best for the people.

The case in point is The Federal Reserve, already arguably the most powerful agency in the U.S. government, will get sweeping new authority to regulate any company whose failure could endanger the U.S. economy and markets under the Obama administration’s regulatory overhaul plan.  The new powers augment the Fed’s existing broad authorities to intervene to prevent crises that could seriously damage the markets and economy.

The Fed stepped in to save AIG last year without having such powers, but the result was a costly and muddled bailout that no one wants to repeat.

Let us not forget how inefficient government is by its nature and government run business will continue to be muddled, corrupt and completely inefficient no matter how much federal authority the “Fed” is given.  There will be no media coverage of federal abuses of power and any reporter who would voice an opinion will find their walking papers.  Considering schools are turning out Marxists reporters who owe no allegiance to American values for they have been bred out of the public school system by teachers dedicated to the Party, who would think to question authority?

ABC News now in major financial straits due to its loss of advertisers has decided to go “Green” with “The Party” and start a propaganda campaign never before seen in American history!  ABC will parrot the Administrations line on health care reform with a weeklong broadcast from the White House east room.  For Comrade President Obama to implement his takeover of yet another American business it would be a hard sell without a full-on state run propaganda machine.  Let’s not forget NBC and MSNBC are already bought and paid for through future Federal energy contracts with GE, they will also be towing the Administration’s Health Care line.  There will be questions from the ring by would-be objective Americans who will be cherry picked by ABC on behalf of the Administration.  A government choreographed media manipulation the likes that only Cuba, Venezuela and Mother Russia have seen let alone China, NKorea, Iran, and other communist countries to numerous to name.

Next Wednesday ABC News to be anchored From inside White House, anchor Charlie Gibson will deliver WORLD NEWS from the Blue Room of the White House.

The network plans a primetime special — ‘Prescription for America’ — originating from the East Room, exclude opposing voices on the debate.

ABC News will air a primetime health care reform “town hall” at the White House with President Barack Obama. In addition, according to an ABC News report, GOOD MORNING AMERICA, WORLD NEWS, NIGHTLINE and ABC’s web news “will all feature special programming on the president’s health care agenda.” This does not include the promotion, over the next 9 days, the president’s health care agenda will receive on ABC News programming.

This primetime infomercial should be paid for out of the DNC coffers. President Obama does not hold a monopoly on health care reform ideas or on free airtime. The President has stated time and time again that he wants a bipartisan debate. Therefore, the Republican Party should be included in this primetime event, or the DNC should pay for your airtime.

“ABCNEWS alone will select those who will be in the audience asking questions of the president.

The political speed and agility of the takeover of America’s capitalist system is amazing to watch.  What has taken centuries to build is only taking months to break down into a government run system capable of keeping itself in power through the use of its new government authority to control liberty, freedom and the American way of life as we have known it.  With federal funds funneled into the media, new privately acquired businesses that will be directed to donate to specific leftist candidates and causes with no watch dog media to offer checks and balances to this overreaching control of the heretofore free American institutions, there can be no turning back to America as we have known her.  America has now been corrupted to maintain control of the new American Marxist-fascist ideology that will only strengthen over the coming months, as has been the trend of this Administration.

“In God We Trust” has been replaced by, “In Obama We Trust!”

America has fallen without a shot being fired!

The New SS of “The Party” is the Treasury and the Fed!

It will become real to the American people when government troops begin to take on civilians in the name of National Security!  Americans are arming themselves in mass numbers and rightly so, they know what’s coming, the government is already assaulting the second amendment to protect the future government use of military force against the civilian population.  This is nothing more than the natural progression of authoritarian rule.

With further American economic declines through suppression of free enterprise and with international tension between Israel and Iran closure of the Gulf of Oman, the Red Sea, and the Arabian Sea is imminent.  This will cause oil prices to sky rocket and the American economy to fall into a depression, causing public unrest particularly to the spoiled lot that voted for this new way of life.

Economic Trends Journal has been on the cutting edge of presenting these economic trends toward political control of the capitalistic system, but we must pay transparent homage to the new American Ruler in accepted fascist standards!

Heil Obama!

“May the underground for American ideals be born in the hearts and minds of its citizens”

For months this site has been leading the charge against the Marxist-fascist take over of the American economy by Comrade President Obama.  There have been no calls from elected officials on the coup de grass that has been taking place until now.  Finally Eric Cantor has compared Obama to Putin what more can I say, other than Americans are waking up to the war within our own country for freedom, liberty and justice.  Let us pray it is not too late!

No. 2 House Republican compares Obama to Putin

By LAURIE KELLMAN WASHINGTON (AP) – The No. 2 Republican in the House on Thursday compared President Barack Obama’s plans for the auto industry to the policies of Russian Prime Minister Vladimir Putin, saying the White House has stripped credit holders of rights and given them to Democratic allies.

“They said, ‘Set aside the rule of law, let’s strip secured creditors, bondholders, of their rights. Take them away outside of the bankruptcy process and give them to the political cronies and the auto workers’ unions,” Rep. Eric Cantor, R-Va., said in an interview with The Associated Press.

“It’s almost like looking at Putin’s Russia,” added Canton, the GOP’s House whip. “You want to reward your political friends at the expense of the certainty of law?”

The Obama administration this week set bonus limits on companies that have received billions of dollars in federal bailout money and appointed a “special master” with power to reject pay plans he deems excessive.

Conservatives eagerly compare such government “meddling” and Obama’s governing style to leaders half a world away.

“Like Obama, Putin has a fawning media that is intimidated by an uncertain marketplace and looking for any help to stay afloat,” John Feehery, a conservative consultant and veteran House Republican spokesman, wrote Wednesday on his blog.

In a wide-ranging interview, Cantor said that Obama’s economic rescue plans and Democrats’ sweeping overhaul of the health care system will sour with recession-weary voters before the 2010 midterm elections. He predicted Republicans will retake control of the House.

While acknowledging that Democrats may well have the votes to push Obama’s health plan through Congress with few or no Republican votes, “it will be at a huge political cost,” Cantor said.

“The Democratic agenda is unraveling,” he said, elucidating what’s become the Republicans’ main talking point in recent weeks. “My sense is by November of 2010, (there will be) an electorate that really wants to see a check and a balance on unfettered power.”

Democrats enjoy a 256-178 majority in the House, with one vacancy. Republicans would have to have a net gain of 40 seats in November 2010 to reclaim a majority. Cantor said they would begin by looking at the 49 districts that voted for Republican John McCain for president last year but are represented by Democrats.

Republicans are in a titanic struggle over who speaks for the GOP and what the party stands for, conservative principles alone or a “big tent” approach that can accommodate centrist members in the name of growth. Focusing on conservative principles cost the GOP a Senate seat when Arlen Specter of Pennsylvania switched from the GOP to the Democratic Party, putting Obama’s party in reach of a crucial 60-seat Senate majority.

The most visible Republicans at present have been deeply unpopular outside the GOP’s conservative base: former Vice President Dick Cheney, radio talk show host Rush Limbaugh and former House Speaker Newt Gingrich.

“The issue for us is rebuilding a governing majority that is comfortable with differences that can transcend the divisiveness and unify behind the principles that we know our party has succeeded on,” namely limited government and individual rights, Cantor said.

People are finally beginning to realize Comrade President Obama’s economic strategy, that by destroying the economy with more government, necessitating feeding off higher taxes and greater foreign debt the resulting damage to business will provide the government with “easy pickens” by rescuing failed firms, actually  nationalizing them.

Although he says he is not in favor of this, as did Hitler, he is not outlining how these firms will again regain their freedom to compete in the market place.  By placing in strategic management positions young campaign associates, actually liberal zealots, with completely no experience other than campaigning, who are leaving in the same positions people that caused business mistakes in the first place.  However, these people are loyal to “the Party.”  While in the example of the auto industry closing republican Chrysler dealerships was the rage, these socialist neophytes act as if they were the Messiah himself, even if they do carry the same arrogance.

So by controlling business via government policy that forces them out of business, they are following the Warren Buffet model of acquisition. He used the federal inheritance tax policy to acquire businesses just before thay were to be taxed to death, so to speak.   Here the Obama fascists are acquiring the too big to fails with government bailout dollars, actually taxpayer funds but held by the government, like Nazi Germany, or Cuba or Venezuela, has done because they are about to go out of business.

Comrade President Obama never tells the taxpayer how the money he has stolen from them will be returned or if it were returned how he would be given back, lower taxes would be out of the question.

Back to the Obama Fascist Model, the new pay czar, an American term now, although truly with dictatorial connotations, is intending new pay scales for all nationalized companies a template to be cast upon all US business.

But one business professional Microsoft Chief Executive Officer Steve Ballmer went to Washington to announce what Microsoft would do if Comrade President Obama’s multinational tax policy is enacted. “It makes U.S. jobs more expensive,” Ballmer said, “We’re better off taking lots of people and moving them out of the U.S.”

If Microsoft, has to abandon the U.S. in order to survive Comrade President Obama’s hunger for greater businesses acquisitions in his drive to socialize America, what companies are going to stay?

Corporate tax rates for US firms are over 10 percentage points higher than other major developed nations.  Although the make up for part of this disadvantage is by a current tax code that allows a business to set up a subsidiary in a low tax country that provides untaxed reinvestment as long as the funds remain off shore. Comrade President Obama and his National Socialist Labor Party in Congress want to penalize international business by taxing this offshore income at US tax rates.  This will completely cripple US business internationally because they will no longer be competitive.

Then when they are about to go bankrupt the government because of National Security concerns will offer bailout money and acquire, oh yes, on behalf of taxpayers, yet another plumb enterprise for its taxpayer portfolio.  What does it matter that they will never see a return but only the loss of freedom, liberty and property.

It doesn’t matter to “the Party,” that this foreign capital investment provides a greater domestic employee compensation, or greater domestic exports and R&D spending that has been backed up by Harvard studies.  What matters to the Party of Marxist-fascist’s is control of American society by seizing corporations in the name of the taxpayer, with the lie that they will somehow benefit or that there will be a pay back.  This is all Dictator double talk and the naive American innocent and unaware are allowing rape, pillage and plunder to happen without a word.

In the worst economic times since the Great Depression Comrade President Obama and his “Socialist Party” are attempting changes that will destroy American business when it is needed most to revitalize the economy.  However, as Microsoft has warned, it will leave America if these corporate taxes are raised and no doubt so will many other corporations in a effort to survive the Obama-Nazi Purge of capitalism from the shiny shores of America.  America will be left with such a debt and such taxation that its children will read about “Glory Days” of American history, if the State allows such books to be read in schools!