Will America Embrace Obama’s Marxist Economic Principals?

The Marxist Messiah  Afraid to Lead a Free Nation

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.