Obama, Far-Left Democrats Gutting America
Posted in the Madison Forum
#1 Oct 28, 2012
Far-Left Democrats, Headed By The Obama Administration, Are Gutting America
Americans wondering why this once great nation is in its worst condition ever got their answer in the four national debates when they heard two ignorant, arrogant far-left puppets in Barack Obama and Joe Biden exhibiting head-in-the-sand thinking about the $16-trillion fiscal deficit, preaching ivory-tower socialism when major fiscal reform and comprehensive auditing are needed for all government spending, and offering head-in-the-clouds, lead-from-behind policies that are turning the "Arab Spring" into a Muslim-terrorist takeover of the Middle East.
It was more of the same far-left ideological moonshine that Americans have been hearing from the Obama-Biden administration and other far-left leaders like Nancy Pelosi, Democrat head of the House, and Harry Reid, Democrat head of the Senate, for the last four years.
Far-left Democrats, headed by Obama, are gutting America:
A. Far-left Democrats with their sub-prime home lending policies to chiefly aid minorities and illegal immigrants created the Great Recession of the 2000s that still has America's economy in a tailspin.
B. With the Obama-Biden administration's excessive government spending, government hiring, and central planning---bailouts for businesses like GM bankrupted by lavish union contracts, extravagant government stimulus programs to help mainly far-left special-interest groups like minorities and illegal immigrants, and funding far-left causes like unproven green-energy businesses and utopian luxuries like long-distance, high-speed rail---the far left have added another five trillion dollars to the fiscal deficit over the last four years and meanwhile done nothing to solve the structural causes of the economic collapse. Thus, the five-year economic recession continues full bore, causing private-sector job creation, business startups, and well-paying jobs to dramatically decline.
C. Far-left Democrats are bankrupting state and local governments across America by giving outrageously unwarranted pay and pensions to one of their favorite special-interest groups---public unions.
D. Far-left Democrats with their support of illegal immigration, backdoor amnesty, and Spanish as a national language are radically changing America---dividing the nation culturally, socially, and linguistically and bankrupting school districts, city governments, county governments, state governments, and the federal government with the abyss of illegal immigration.
E. Far-left Democrats with their stone-age EPA policies and their refusal to drill in America "where the oil is" have made the United States even more dependent on oil from foreign countries, thus allowing oil and gas prices to rise to all-time record levels for extended lengths of time.
Because everything tried or not tried by the Obama administration in the last four years has the U.S. economy in such a perilous state, Fed Chairman Ben Bernanke, to keep the economy afloat, has been forced to do something no Federal Reserve chairman has ever done---authorize the Fed to buy, to infinity if needed, large quantities of mortgage bonds ($40 billion every month) and potentially other assets, until the job market improves. Bernanke is doing this even though it could cause catastrophic runaway inflation. The Fed is caught in a Catch-22, and Bernanke, in announcing this QE3 in September, said he had to try something because the structural problems that caused the economic collapse---problems the Fed with its powers has no way of solving---have not been addressed by those who have the authority to solve them.
Four more years of the Obama-Biden administration's far-left policies and the United States will be in economic and social ruin.
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