Obama's Dangerous and Disastrous Presidency

[Wisdom]

It says it succinctly enough without tweaking the lemmings....

Obama's Dangerous and Disastrous Presidency
By QUIN HILLYER on 9.19.12 @ 6:09AM

Name a single thing that has improved under his rule.

How can any cogent American citizen possibly even consider voting for Barack Obama now? That's what lots of conservatives and moderates are asking each other, again and again. It's completely baffling, to those who grew up with any sort of sense of what America means and what the American character traditionally has been, that anybody can look at the man's record and want more of the same.

Almost the entirety of the Muslim world is now rioting against an American president who promised that his olive branches to Muslims would secure peace. Like Jimmy Carter, Obama has only shown a weakness that has emboldened the Islamist haters. Meanwhile, our closest ally in the region, Israel, a stable representative democracy led by an American-educated, America-loving prime minister, has repeatedly been insulted, abandoned, and undermined. In short, the United States is in worse position with all sides in the Middle East/northern Africa. We are embarrassed, feckless, wounded... and in four tragic cases, dead.

Allies in Poland and the Czech Republic have been repeatedly let down and sometimes insulted. The "re-set" with Russia earned us only Russian contempt. China and Russia ignore our entreaties around the world, with absolute disdain for our wishes, our olive branches, or Obama's supposedly Nobel-worthy and messianic genius for diplomacy.

Domestically, our debt has increased by 50 percent in just four years, by some $5 trillion, with not a single observable benefit from the spending. Our bond rating already has been downgraded by one agency, and another major agency threatens to downgrade us. Our unemployment rate has never been beneath 8 percent since Obama's first month in office, even though his economic team said his outrageously expensive "stimulus" package would ensure that it would never rise above 8 percent, and indeed that it would drop below 6 percent within four years.

[Wisdom]

Our politics is more fractured, less civil, than ever -- and as Bob Woodward, of all people, indicates in his new book, this is largely the fault of Obama. He has been the first president in history to push through a major new program without a single vote from the opposing party -- and while refusing to incorporate a single major idea from the other party, while ignoring overwhelming public sentiment to pass it, and while bending the rules in multiple ways to force it through Congress. Meanwhile, on the real business of Congress, his Senate allies have ignored longstanding law by refusing to pass a budget for three years now, while twice rejecting the president's own pitiful budget proposal by unanimous votes.

Obama campaigned with a promise to rein in abuses of executive power, but instead he increasingly rules by executive decrees of dubious constitutionality. Congress won't pass cap-and-trade, so he orders it anyway. Congress won't pass amnesty for illegal immigrants, so he orders it anyway. Congress won't undermine the work requirement in the welfare system, so he guts the work requirements by executive order. And on and on go the abuses.

His Justice Department is flagrantly corrupt and racialist. It told a black majority town in North Carolina that it could not hold nonpartisan elections because voters would fail to elect the black "candidates of choice" if the candidate weren't identified as Democrats. It intervened against the heroic Fire Department of New York to push racial hiring quotas on the department so outrageous that it would force admittance into the fire academy of candidates who missed as many as 70 percent (!!!) of the questions on a simple entrance exam; and, in blocking all applicants expected to be hired under the previous exam, it prohibited a number of black applicants who actually had met standards from being hired. So outrageous was this abuse that even the leftist Village Voice ran a long feature story taking up for the qualified black applicants whose chances for employment were dashed.

And, of course, DoJ ran an idiotic gun-running program on the Mexican border that led to the deaths of two American agents and countless Mexicans while drawing a rebuke from the Mexican ambassador, and then covered up and even lied about its actions. Also, infamously, it dropped already-won cases against New Black Panther thugs for flagrant voter-intimidation outside a Philadelphia polling place in 2008 -- dropped the cases, indeed, just in time, meaning four days in advance, for one of those thugs again to serve as an official Democratic Party poll-watcher in municipal elections in 2009.
Gasoline prices are twice what they were when Obama took office -- and rising again. The housing market remains in the doldrums. Food stamp use is by far at the highest level in history, and poverty is markedly up. Food prices are markedly higher. Small businesses are jettisoning the health-insurance benefits they offered employees until Obamacare made it prohibitively expensive. Doctors are retiring in record numbers rather than face Obamacare's scourges -- and most of the law hasn't yet taken effect. Coming soon are new taxes on medical device manufacturers: Patients will pay more for wheelchairs, prosthetics, insulin pumps, asthma inhalers, pacemakers, and other essential fruits of modern medical technology.

Taxpayers are on the hook for huge losses from the auto bailouts, even as most of GM's new jobs have been created overseas rather than here, and even as auto dealerships across the nation were shut down by administration fiat on political bases rather than on the basis of which ones were profitable. Taxpayers are on the hook for politically inspired "investments" to Obama cronies in failing businesses such as Solyndra. Taxpayers are on the hook for higher electricity prices due to a backdoor cap-and-trade scheme imposed by (illegal) administrative fiat.

[Wisdom]

3

Religious liberties, meanwhile, are under repeated and sustained attacked from an administration openly hostile to traditional faith. And the president even refuses to defend in federal court laws duly passed by Congress and signed by former President Clinton.

The parade of abuses, incompetencies, extravagances, and illegalities goes on and on. The record of improvements in any sector of American life is… well, nil.

Nothing is better, not a single thing, at home or abroad. And Obama has offered no recognizable plans, no new proposals, no substance at all, for making things better in a second term.

This presidency is a disaster. Reasonable people are gobsmacked at the possibility that it could somehow be allowed to continue its degradations of American society.

[Wisdom]

Dallas Fed's Fisher Warns of 'Uncharted Waters'
Sunday, 23 Sep 2012 05:14 PM
By Forrest Jones

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The Federal Reserve's decision to jolt the economy a third time with monetary stimulus measures won't help the country much but could stoke inflationary pressures down the road, said Dallas Fed President Richard Fisher, a noted inflation hawk.

The Federal Open Market Committee (FOMC) recently announced plans to buy $40 billion in mortgage-backed securities from banks a month on an ongoing basis to spur recovery by injecting liquidity into the financial system in a way that lowers interest rates across the economy.

Such a policy tool — known as quantitative easing but dubbed by many as merely printing money out of thin air — follows two similar rounds in the past that have flooded the economy with trillions of dollars with the hope of encouraging investing and hiring.

Fisher and other Fed hawks have pointed out that the such easing won't bring the lasting recovery the economy needs and instead argue Congress must address fiscal issues such as tax uncertainty, debts and deficits.

"It will come as no surprise to those who know me that I did not argue in favor of additional monetary accommodation during our meetings last week. I have repeatedly made it clear, in internal FOMC deliberations and in public speeches,**->->that I believe that with each program we undertake to venture further in that direction, we are sailing deeper into uncharted waters," Fisher told the Harvard Club recently, according to prepared remarks of his speech.

Despite all the models and resources at the Fed's disposal, uncertainty is a very difficult factor to plug into assumptions when forecasting the economy.

"The truth, however, is that nobody on the committee, nor on our staffs at the Board of Governors and the 12 Banks, really knows what is holding back the economy. Nobody really knows what will work to get the economy back on course," Fisher said.

***->->"And nobody—in fact, no central bank anywhere on the planet—has the experience of successfully navigating a return home from the place in which we now find ourselves.<-<- No central bank—not, at least, the Federal Reserve—has ever been on this cruise before."

The Federal Reserve adheres to a dual mandate to keep prices stable and unemployment rates optimal.

The Fed sets monetary policy by targeting inflation rates to 2 percent, but many market experts say the latest stimulus policy reflects the Fed's desire to prioritize the unemployment portion of its mandate way above keeping inflation rates in check.

In other words,->->the Fed is so willing to keep its foot on the gas pedal and risk seeing inflation rates rise above target levels in order to see unemployment rates fall that the country is steaming ahead deeper into unfamiliar waters.

->->“Not only will they tolerate higher inflation, not only will they wish for higher inflation, but they actually may target higher inflation,” Mohamed El-Erian, CEO of Pimco, manager of the world’s largest bond fund, told CNBC.

->->Central banks elsewhere have rolled out similar measures, flooding the world with inflation-fueling liquidity.

“This is true for all central banks — the (European Central Bank), the Fed, the Bank of Japan, the Bank of England.

***->-> We are so deep into unfamiliar territory, so deep into experimental mode, that we don’t know what the consequences will be,” El-Erian said.

***->->“Whoever comes afterward will have to clean up the mess.”

Read more: Dallas Fed's Fisher Warns of 'Uncharted Waters'

[Wsdom]

bump...see what the Fed says. Then call me paranoid.

[Observer]

This is only a disaster if you are a Rich Republican that is being told you must pay your fair share in taxes. I have friends that are Republicans who tell me that Romney has become an embarrassment to their party. Your campaign of fear and whining is mercifully dragging to an end and you cant even make it look better when you cover it in "bronzer".

[Observed]

Observer wrote:

This is only a disaster if you are a Rich Republican that is being told you must pay your fair share in taxes. I have friends that are Republicans who tell me that Romney has become an embarrassment to their party. Your campaign of fear and whining is mercifully dragging to an end and you cant even make it look better when you cover it in "bronzer".

Socialist Union of America......Remember when you vote for Dictator Obama your freebies will cease to exist.... You will get what you deserve America.

[Simply]

Since when are dictators limited to 2 terms or in danger of not getting a 2nd term by losing an election?

[Observed]

Simply wrote:

Since when are dictators limited to 2 terms or in danger of not getting a 2nd term by losing an election?

Just remember this post when you reflect on our world in 2013.

[Wisdom]

This administration is setting up a permenant underclass of takers that are tied to the government teat. As such they will always vote for the part that keeps the mothers milk of money coming from the rolls of the employed (mid-upper incomes).

Just like the great society of the 1960s they will create a new welfare class that will vote in the givers in zombie style for generations. Dictator, maybe not individually, but through the party enslavement-yes.

[Simply]

Seriously when are dictators removed through elections?

[Wisdom]

Seriously the democrats are working to enslave another generation of individuals by having them attached to the government teat. Engorge yourself on that tidbit.

[Simply]

Don't deflect, I want to know when has a dictator been removed through elections.

[mr right]

??????????wisdom do you go too pathways.

[Wisdom]

I am the path way to knowledge, and enlightenment to those enslaved on their political farm because of entitlement. I am a beacon of light to those entrapped in the darkness of their political ideology because of generational loyalty, financial indebtedness, regional un-enlightenment.

I am sorry for you that you choose to side with those who support infanticide, who support the demoralization of this country, who support the wharp speed agenda towards socialism. I am sorry that you either vote for your living or side with those who vote for their living versus those who want to work for a living and keep more of OUR income.

I hope you freely give away money, as it must be of no concern to you, and given your expressed ideology from "Each according to their ability to each according to their need"...

[Simply]

What about your political ideology? List the way you would want the entire country to be, as precise as you wish to be.

[mr right]

Wisdom you need help. I mean professional help.you are one brick short of having a load.I've seen a lot of nuts on topics but you take the prize. If they give out trophies for BS YOU WIN EVERY PRIZE. IT'S PRETTY DAMN BAD WHEN YOU POST WORD'S AND ANSWER THEM TOO.SEEK HELP PEOPLE LIKE YOU SCARE ME.IM SERIOUS.

[goober]

The republicans have turned their backs on half! Of the people in this country by their own admissions. Perhaps if they figured out why 47% don't make enough to pay into the tax structure that they created then we could actually solve this country's number 1 issue.

If we solve that issue then the other stuff like killing babies or queers marrying will be reduced to the insignificant issues that they really are. Bush won in 2004 because of homophobic misogynists and no other reason. The country has changed so maybe try actually fixing something...dumbfucks.

[Observer]

The Country is telling the Republican Party that they really DO have to tell us what they are FOR. We all know what they are against but Romney is telling No one what his policies will be. There is good reason for that. The Philosophy that "A high tide floats all boats" is fine for some. Unfortunately, the Republicans and their corporate structure have moved their boats to India, China, and the Phillipines (anywhere they can get manufacturing child labor and paying no benefits to its workers). The boats are floating there but they are neglecting the dock workers of home and the workers who helped the gain their vast wealth. Republican GREED is killing Corporate America, not the workers and Americans are realizing it.

[propaganda monkey]

The TRUTH behind 9-11!!!

http://www.revisionism.nl/Sept11/The-Mad-Revi...