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Obama Administration

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BlueLoriBlogSpot

Here we go again the Banking Casino is Open for business this video may be a "Spoof" or a case of Art Imitating Life Actors include JP Morgan and Government Sachs! JP Morgan the Residents Favorite Banker and Government Sachs have re-opened the Casino responsible for helping crash the Worlds Economy. No this is not a "Jewish Cabal" ruining the World Jamie Dimon the residents favorite banker is Greek the head bagman tax cheat Geithner is German United Church Church of Christ and Government Sachs Ringleader Paulson is a Christian Scientist. You can have the "Elitisim" mindset explained to you here. These two firms are the top two largest dealers in Credit Default Swaps CDS. Credit Default Swaps are what brought down AIG because they could not cover the bets. Yes, cover the bets as trading CDS is a legalized form of gambling. While this corrupt congress complains about it nothing is really being done. Bloomberg.com JPMorgan, Goldman Sachs Lead CDS

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Reuters

WASHINGTON (Reuters) - The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday.

The higher deficit figure, based on updated economic data, brings the White House budget office into line with outside estimates and gives further fuel to President Barack Obama's opponents, who say his spending plans are too expensive in light of budget shortfalls.

The White House took heat for sticking with its $7.108 trillion forecast earlier this year after the Congressional Budget Office forecast that deficits between 2010 and 2019 would total $9.1 trillion.

 

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Reason

"For with thee is the fountain of life; in thy light shall we see the public option." Yes, it's finally come to this. We've dragged the Almighty Lord into the debate. It's Yahweh or the highway. This week, President Barack Obama claimed his version of health care reform is "a core ethical and moral obligation," beseeching religious leaders to promote his government-run scheme. Questioning the patriotism of opponents, apparently, wasn't gaining the type of traction advocates of "reform" had hoped. "I know there's been a lot of misinformation in this debate, and there are some folks out there who are frankly bearing false witness," Obama said, invoking the frightening specter of the Ten Commandments. On Team Righteous, we have those who meet their moral obligations; on the other squad, we must have the minions of Beelzebub—by which, of course, we mean profit-driven, child-killing, mob-inciting insurance companies.

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The Business Insider

Comment mine -and where oh where is obamageddon while America rots? Vacation whee! Earlier this week it came out that this year's deficit numbers would be reduced by about $262 billion. But bad news long term. The Obama administration is upping its 10-year deficit forecast to $9 trillion from $7.9 trillion over the next two years. And of course they waited until end-of-market on Friday to do it, though we can't blame them for that.

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Jeff Head

BARACK HUSSEIN OBAMA is an avowed socialist, openly implementing marxist dogma and ideology to our free market and our constitutional republic as a whole. Every initiative, act, and plan that he is proposing and implmenting, from the disaterous stimuls plan, to the socialistic and power grabbing bail-outs/takeovers, to the monstrosity Health Care Plan, to the Cap & Trade horror, to his dishonest and genocidal abortion positions and plans, is meant to destroy the free market and fundamental Republican principle...and to then build a command economy on their ashes. A command economy is the type of economy Karl Marx proposed and the type of economy that has had such deadly and disasterous results anywhere else on earth it has been attempted, whether the former Soviet Union, Red China, North Korea, Cuba, Venezuela, or any other marxist hell-hole in Africa, Asia, or Central and South America.

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The Market Ticker

The CBO's annual Social Security Update is out, and its pretty ugly: This is pretty ugly; we were not supposed to have a negative income-to-outlay view on Social Security for another decade or so. Well, the recession fixed that. Tax receipts are in the toilet but outlays sure aren't. This is a major problem - everyone wants to point to the "zero hour" for Social Security when the "trust fund" goes negative, as is shown in this graph: This, unfortunately, is terribly misleading. The Social Security "Trust Fund" contains nothing other than IOUs. That is, it does not contain money, it contains "special" Treasury Bonds that form part of the "public debt." How much? According to Treasury, about $4.3 trillion dollars worth.

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The Market Ticker

When does the willful blindness in terms of bank fraud taking place daily in the so-called "marks" on housing-related loans stop? The Mortgage Bankers Association released its latest update: The non-seasonally adjusted delinquency rate increased 64 basis points from 8.22 percent in the first quarter of 2009 to 8.86 percent this quarter. and The delinquency rate includes loans that are at least one payment past due but does not include loans somewhere in the process of foreclosure. The percentage of loans in the foreclosure process at the end of the second quarter was 4.30 percent, an increase of 45 basis points from the first quarter of 2009 and 155 basis points from one year ago. The combined percentage of loans in foreclosure and at least one payment past due was 13.16 percent on a non-seasonally adjusted basis, the highest ever recorded in the MBA delinquency survey. That's right folks. That means that of all mortgage loans 13.16% are not in "accr

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Repubx

Since the 2006 Congressional elections—when leftist Democrats took over the majority of both the US House of Representatives and Senate—the dye was cast for the takeover of the lives of the American people. Then, the Dictator-in-Chief Barack Hussein Obama was placed into the office of the presidency. At that point, the Democrats had two of the three branches of government in their greased pockets. Obama vowed to push all of his Socio-fascist programs through, despite any and all opposition. And he and his minions are now pushing as hard and as fast as they can. The current forceful pushes are firmly against the American people. Beginnings of Takeover—Part 1 More....

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Newsmax

President Barack Obama's popularity has plummeted to a record low, with just 45 percent of voters now approving of his performance, according to the latest Zogby International poll. Asked whether they approve or disapprove of the president's job performance, just 45.3 percent of likely voters say they approve. That compares with 50.5 percent who disapprove of the job Obama is doing. The results are a strong indication that contentious national debate over healthcare reform has taken a major toll on the president's popularity. Those numbers also indicate that Obama clearly is in serious political trouble, Fox News analyst and best-selling author Dick Morris tells Newsmax. "As soon as Obama dropped below 52 percent . . . he was leaking real voters who had backed him in November," Morris tells Newsmax. "Now that he is down to 45 percent among likely voters . . . he is in deep political trouble." Of greatest concern to Obama may well be his de

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Worldnet Daily

Think tank developed by prez links socialist party to presidential picks Van Jones JERUSALEM – Was a far-left think tank partnered with the community activist group ACORN and founded with input from President Obama instrumental in securing the appointment of controversial White House "environmental czar" Van Jones? A key member of the think tank reportedly was also a founder of a socialist party that, evidence indicates, included Obama among its members. In March, Jones was named the special adviser for green jobs, enterprise and innovation at the White House Council on Environmental Quality. ...

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This special aired on FOX October 2008. Sean Hannity - Obama & Friends History of Radicalisam 1-6
Sean Hannity - Obama & Friends History of Radicalisam 1-6 College Years Sean Hannity - Obama & Friends History of Radicalisam 2-6 Community Organizer Obama & Friends - A History Of Radicalism (Part 3 of 6)     

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The Usurper Obama comes to Phoenix Arizona on 08/16/09. Chris is inspired to come to the demonstration and exercise His rights of Free Speech, which includes his RIGHT to carry a loaded AR 15 as well as his loaded Glock 17 a 9 millimeter handgun around while he is peacefully rallying for the rights of the individual. He encounters crowds of acorn sponsored astroturf who are only interested in utilizing the force of government to steal from one group (the Productive class) to give to the another group (the welfare class).   There are views of groups chanting for socialism, fascism and the nanny state welfare vs Freedom, individual rights and Responsibility. Our hero Chris does a few interviews with those that insist that when the government STEALS for a "good" cause that somehow negates the fact they had to steal the money in the first place!  

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National Legal and Policy Center

A new book by Barron’s reporter Erin Arvedlund asserts that banking giant JPMorgan Chase became aware of Madoff’s Ponzi scheme months before his arrest, prompting the bank to liquidate its positions in a Madoff-related fund. Yet, the bank continued to accept deposits into Madoff’s main account at the bank from unsuspecting investors who were about to lose everything. NLPC is a critic of JPMorgan Chase’s support for political and social causes that are contrary to the bank’s interests and hostile to the capitalist system itself, such as ACORN. Although these new revelations are a separate controversy, both reflect an apparent willingness by the firm to work with shady enterprises if it is perceived to be in its own interest. During the campaign, Dimon was a vocal supporter of Barack Obama. On July 18, the New York Times called Dimon “Obama’s favorite banker.” Dimon may hope that this relationship will insulate his firm from prosecution in the Madoff case. In any event, JPMorgan

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CFP

Another Democratic president and another Democratic Congress don’t care that Americans oppose a government health care system A liberal Democratic president has his heart set on pushing through a proposal strongly unpopular with most Americans. Enjoying substantial Democratic majorities in both the House and the Senate, he intends to win. So it was in September, 1977 when Jimmy Carter signed the Panama Canal treaties to relinquish United States control. An Associated Press opinion poll conducted that month found that only 29 percent of Americans favored the pact. A solid 50 percent opposed it and 21 percent expressed no opinion......

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Phoenix Nude Times

In case you missed it, about a dozen men with guns showed up at an Obama healthcare rally in Phoenix this Monday, at least one of them carrying a semi-automatic rifle.

The man packing the AR-15 (a really big gun)--identified only as "Chris B"--was interviewed by libertarian radio show host and publisher of libertarian site Freedoms Phoenix Ernie Hancock (pictured, who was also carrying a gun at the time of the interview). When asked why he was carrying a weapon, Chris B. responded, "Because I can do it. In Arizona, I still have some freedoms."

Chris B. also said that he "always carried a gun," except when showering, of course, when he'd "put it on the sink."

Eeek.

As it turns out, the entire interview was staged by Hancock, a long-time acquaintance of "Chris B," whom he'd met while working on presidential hopeful Ron Paul's campaign.

Hancock revealed to Rick Sanchez on CNN tha

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WSJ

"The problem with socialism is that eventually you run out
of other people's money." Margaret Thatcher

With a projected $1.8 trillion deficit for 2009, several trillions more in deficits projected over the next decade, and with both Medicare and Social Security entitlement spending about to ratchet up several notches over the next 15 years as Baby Boomers become eligible for both, we are rapidly running out of other people's money. These deficits are simply not sustainable. They are either going to result in unprecedented new taxes and inflation, or they will bankrupt us.

While we clearly need health-care reform, the last thing our country needs is a massive new health-care entitlement that will create hundreds of billions of dollars of new unfunded deficits and move us much closer to a government takeover of our health-care system. Instead, we should be trying to achieve reforms by moving in the opposit

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Gathering of Eagles

Barack Obama is all in favor of offshore drilling for oil. Just not here in America. To prove the point, his administration is ready to lend $2 Billion dollars to Petrobas, the huge Brazilian Oil Company, to drill in their newly discovered oil fields off their Atlantic coast. Why is this president so intent on giving our money away in bucketfuls to left wing criminal enterprises in the U.S. and left wing governments in other countries? Or, could it be that almost 25% of George Soros’ portfolio is invested in Petrobas?

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NewsReal

Former judge Andrew Napolitano said on Glenn Beck’s Fox News TV program that the federal government is involved in Ponzi schemes far bigger than recently convicted embezzler Bernard Madoff (whose actions crippled left-wing philanthropies) ever imagined. Everything the government runs is bankrupt: Medicare is broke; Medicaid is broke; the Post Office is broke; Amtrak is broke; Social Security is a bigger Ponzi scheme and bigger fraud than anything Madoff ever dreamed of and it is broke. The government consumes wealth; private industry produces wealth. The government and private enterprise are the opposite: If private enterprise fails to produce what consumers want or fails to return a profit to investors, it goes out of business.

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The Usurper Obama comes to Phoenix Arizona on 08/16/09. Chris is inspired to come to the demonstration and exercise His rights of Free Speech, which includes his RIGHT to carry a loaded AR 15 as well as his loaded Glock 17 a 9 millimeter handgun around while he is peacefully rallying for the rights of the individual. He encounters crowds of acorn sponsored astroturf who are only interested in utilizing the force of government to steal from one group (the Productive class) to give to the another group (the welfare class). There are views of groups chanting for socialism, fascism and the nanny state welfare vs Freedom, individual rights and Responsibility. Our hero Chris does a few interviews with those that insist that when the government STEALS for a "good" cause that somehow negates the fact they had to steal the money in the first place!

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AP

[For which others go to prison.] The White House is blaming unnamed political groups for the unsolicited e-mails it had wrongly insisted no one was receiving from its online operation.  After the White House had consistently denied that anyone who hadn't sought the e-mails had received them, Phillips acknowledged that people may have been added to the e-mail lists without their knowledge.

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Lew Rockwell

Those who are getting their diapers in a knot over the appearance of a man with an assault rifle at an Obama event need a little perspective. They might recall when a contingent of Black Panthers walked into the California State Legislative chambers with rifles and shotguns – while the legislature was in session – to make a political statement. No shots were fired; no one was injured; but the incident was intended to remind government officials of the purpose of the Second Amendment. Ordinary people – not the state’s police and military – are to have the ultimate power in a free society.

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LA Times (h/t Karen De Coster (LRC))

When cryptic posters portraying President Obama as the Joker from "Batman" began popping up around Los Angeles and other cities, the question many asked was, Who is behind the image?

Was it an ultra-conservative grassroots group or a disgruntled street artist going against the grain?

Nope, it turns out, just a 20-year-old college student from Chicago.

Bored during his winter school break, Firas Alkhateeb, a senior history major at the University of Illinois, crafted the picture of Obama with the recognizable clown makeup using Adobe's Photoshop software.

 

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CNS

Americans had to work from January 1 until August 12 this year just to cover the cost of government. That is 26 days more than they had to work last year to cover the cost of government. “Cost of Government Day” this year fell on Wednesday, August 12, according to Americans for Tax Reform, the conservative group that calculates when the day occurs. Cost of Government Day is the day in the year when the American people have earned enough income to pay the total cost of the spending and regulatory burden imposed by government at the federal, state, and local level.

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Federal Times

The National Association of Postal Supervisors has fired back at President Barack Obama for dragging the U.S. Postal Service further into the health care debate. In an Aug. 14 letter, NAPS President Ted Keating accused Obama of using the Postal Service as a “scapegoat” and unfairly painting it as “an example of inefficiency” during a health care town hall meeting last week. Obama told a crowd in Portsmouth, N.H., Aug. 11 that private health care insurance providers should be able to compete with a government-run public option because “UPS and FedEx are doing just fine. … It’s the Post Office that’s always having problems.” Keating pointed out that UPS and FedEx revenues are falling faster than Postal Service revenues, and reiterated the overtime, management and work hour reductions the Postal Service has made over the last year:

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