Just got this E-mail from the Pinocchio-in-Chief
These are the actual numbers from US Treasury Dept.
Current Issue: Monthly Treasury Statement: Publications & Guidance: Financial Management Service
Disrupting the Borg is expensive and time consuming!
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He confused the deficit lie with the global warming lie; as opposed to the Benghazi lie, the Obamacare lie, the working across the aisle lie, etc.
soo Obama was elected in what year??? anyone anyone -it was nov. 2008 – so whose budget were we working on since the president was sworn in on jan 20th 2009 – I am pretty sure the president was not allowed to put his budget in play on that day -do you think??? or do you so whose budget were we working on????
Obama pushed a one trillion dollar stimulus bill through during his first month, Homer.
wow how we forget -the economy was sheading 800000 jobs a month – the stock market went down to 6500 – we were about to lose the auto industry – over 8 million jobs the market at 16000 – that is success -bush and his policies were the failure -remember or be doomed to repeat the failures
You must be confused. Until recently we had a president and congress, not just a dictator.
How we forget – unemployment was 4.4% and dropping when Dems took over the Congress in the 2006 election. Then Obama, Pelosi and Reid blamed their mess on Bush.
Sorry Homer,
Shadow stats shows the real unemployment went from ~10% to 24% under Obummers watch and we lost 6.5 million jobs. by 2011.
I can not stand the Bush and the Shrub but the economic mess gets laid squarely on Clinton’s doorstep.
I will put up the links to back-up that statement but it will get booted into moderation and take a while.
THE TRUE ORIGINS OF THIS FINANCIAL CRISIS
As opposed to a desperate liberal legend.
http://spectator.org/articles/42211/true-origins-financial-crisis
Report to Congress on the Root Causes of the Foreclosure Crisis
By the U.S. Department of Housing and Urban Development, Office of Policy Development and Research
http://www.huduser.org/portal/publications/foreclosure_09.pdf
Thomas Sowell on the root causes of the mortgage lending crisis
https://winteryknight.wordpress.com/2011/02/21/thomas-sowell-on-the-root-causes-of-the-mortgage-lending-crisis/
(Those are from _jim)
First off Obama had a majority in the house and the Senate his first term WHY didn’t THEY repeal the new banking laws?? Hint: Top Senate Democrat: Sen. Dick Durbin, on a local Chicago radio station this week, blurted out an obvious truth about Congress that, despite being blindingly obvious, is rarely spoken: “And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.”
It has been 100 years and despite the fact the FED has bled the USA dry, there have only been about a half dozen Congress critters who have gone after the Fed.
It was CLINTON who set up the present economic mess ON PURPOSE.
CLINTON AND TRADE TREATIES:
Clinton pushed the ratification of WTO, NAFTA, the entry of China into the WTO.
And China’s WTO Violations Threaten [an additional] 1.6 Million … American jobs in the auto industry, according to the Alliance for American Manufacturing…. (Jan 31, 2012)
[b]Clinton KNEW US jobs would be exported and made sure the blame would not fall on him.[/b]
Also of interest, no sooner than Bush entered the White House the Banker Owned News Media started screaming RECESSION!
CLINTON AND FARMING
The WTO Agreement on Ag and the “Freedom to Fail” 1996 Farm bill that bankrupted American farmers and farmers overseas allowing the Ag Cartels to move in and grab power over the world food supply were both written under Clinton by Cargil VP Dan Amstutz (I am hoping he is roasting in Hades.)
As an example NAFTA:
Rothschild cashes in by Investing in Farmland
Credit Suisse: The Hunt for Land Has Already Started
CLINTON AND BANKS
Clinton’s signed the laws that repealed the McFadden Act of 1927, the Glass-Steagall Act of 1933 and the Bank Holding Company Act of 1956 lead to the Formation of Mega Banks. He is also responsible for the Housing and Community Development Act of 1992 and the Commodity Futures Modernization Act of 2000 that was responsible for marginal mortgage loans doomed to fail and the unregulated CDSs used to insure the banks against foreclosure.
The Federal Reserve Act was signed into law by a Democrat on 1913.
The US public was against the resulting Bank Bailouts but we got them anyway and then got the additional shaft from the Obama’s Mortgage Modification Program. Families on the edge were lured into the modification program, their mortgage payments lowered and then a year or so later the banks tell them the do not “Qualify” and hand them a HUGE bill due in 30 days consisting of all the money shaved off the year’s morgage payments, penalties AND LAWYERS FEES. If you manage to scrape the money together you hit Act II. The bank refuses to hand you a bill. It took us hiring a lawyer and a six months of dancing to get the !&%$ bank to actually name the amount needed to pay to keep us out of foreclosure!!!
The US public was against the resulting Bank Bailouts but we got them anyway. The Fed refused to allow Congress (Ron Paul) to see where the money went When the Fed finally answered the question several year later, it turns out it went to the EU to bailout THEIR BANKS! Wall Street Journal: The Federal Reserve’s Covert Bailout of Europe
Americans then got the additional shaft from the Obama’s Mortgage Modification Program. Families on the edge were lured into the modification program, their mortgage payments lowered and then a year or so later the banks tell them the do not “Qualify” and hand them a HUGE bill due in 30 days consisting of all the money shaved off the year’s morgage payments, penalties AND LAWYERS FEES. If you manage to scrape the money together you hit Act II. The bank refuses to hand you a bill. It took us hiring a lawyer and a six months dance to get the *&^$! bank to actually name the amount needed to pay to keep us out of foreclosure!!!
..
There was no law to back-up Obama’s loan modification plans so the banks could determine whether or not to foreclose and collect not only the house but the taxpayer funded credit default swap insurance and you can bet your boots the more credit default swaps on you mortgage the more the bank WANTED to foreclose. It PAID to make risky loans. Obama’s mortgage modification program was a colossal failure, with hardly any principal modifications occurring. But the banks won big as marginal loans were forced into foreclosures that would otherwise not have occurred.
Obama’s Mortgage Modification Program A Colossal Flop
If you want to bash Republicans than bash Bush for the Patriot Act (that Obama and his Democratic Congress left intact) or Reagan and his Corporate Raiders and Leveraged Buyouts that took the accumulated assets of companies with NO DEBT and transferred it to raiders and banks while wiping out the corporation or leaving it so heavily in debt that salaries had to be cut.
While TARP was largely Bush’s doing (though a certain Kenyan ball-cupper was quite happy to vote for it as senator), the incoming Obama administration specifically requested that Bush release the remaining $600,000,000,000+ for Obama’s immediate use upon assuming office.
The more than $1,000,000,000,000 stimulus was also entirely Obama’s doing: he lobbied for it, he got his party to show up to pass it, he signed it, he spent it.
So, that’s $1.6 trillion in the first few months of his regime above any normal budgetary excesses imposed on the poor, unwitting African rube by a Democrat-run house & senate. In other words, Obama was able to accomplish in 6 months what it would have taken Bush more than 3 years to do.
“Jan. 12 (Bloomberg) — President-elect Barack Obama asked the Bush administration to notify Congress he plans to seek the remaining $350 billion in financial-rescue funds, White House spokeswoman Dana Perino said.
Obama, who takes office on Jan. 20, called President George W. Bush this morning about 20 minutes after Bush said in his final White House news conference that he was willing to act on the president-elect’s behalf if asked.
“President Bush agreed to the president-elect’s request,” Perino said. “We will continue our consultations with the president-elect’s transition team, and with Congress, on how best to proceed in accordance with the requirements of the statute.”
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXTl_q8nIqk8
The administration’s reliance on idiots and propaganda is truly amazing.
Well, the sheer number of idiots who vote makes that approach a potentially effective one.
You mean the dead and the hackers of voting machines?
Paul Craig Roberts: U.S. Elections: Will the Dead Vote and Voting Machines be Hacked?
“He who casts a vote decides nothing. He who counts the vote decides everything.” ~ Joseph Stalin
It’s ever so much easier to make-up the numbers when you don’t bother with passing a budget.
The Liar-in-chief is just working with his strengths, baffling the gullible with his spin on the facts.
Unfortunately, the presstitiues will uncritically repeat that tripe without bothering to fact check.
The Presstitiues like the Critters in the District of Criminals all work for the Banksters.
Top Senate Democrat: Sen. Dick Durbin, on a local Chicago radio station this week, blurted out an obvious truth about Congress that, despite being blindingly obvious, is rarely spoken: “And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.”
My stroll through the Board of Directors of the news media is in the first comment @ Tallblokes and I just did the same over at WUWT. I found the ‘Little newspaper’ SouthCoastToday that “will no longer print skeptical AGW opinions” just got sold to Fortress Investment Group LLC a bunch of former Goldman Sachs, partners including a former member of the New York Federal Reserve’s Investment Advisory Committee and a former director of policy planning for the U.S. Department of State.
Oh yeah, the Fortress Investment Group LLC is buying up rail roads… Seems they want to be in the Natural Gas bubble and don’t want pipelines built.
See my comment on WUWT for whose who and the dirty tricks Goldman Sachs got up to.
If it didn’t affect me and others I would laugh my head off about how the oil companies and Banksters manipulate the Ecoloons into being their slaves.
The mindless activist sheep swallow all the feces the banksters shovel and smile.
He did cut the deficit…. But Progressives and the Mainstream Media forget to tell you that Obama tripled it first… They blame Bush…
President claims are in conflict with the “Ethics in Government Act of 1978: https://en.wikipedia.org/wiki/Ethics_in_Government_Act_of_1978
And with his own election promises and his oath to uphold the US Constitution.
The Treasury Department’s FMS has an already-prepared bar chart showing yearly deficit and operating costs from 2008 to 2013 in the Citizen’s Guide here: https://www.fms.treas.gov/finrep12/citizenguide/fr_citizen_guide_where_we_are_now.html#chart1
The numbers match yours.
In addition to muddying the water with the GDP comparison, the White House’s chart conveniently excluded the Recovery Act spending, which was estimated to be $787 billion at the time of passage, and later revised to $831 billion from 2009-2019..
a lying liar lied… unexpectedly.
news @ 11. our SCOAMF can’t leave office soon enough.
Ethics in Government Act:
Title VI
Title VI amended Title 28 of the U.S. Code.
It requires the Attorney General to investigate specific allegations of federal offenses by the President, Vice President, individuals at specified salary levels in the Executive Office of the President and the Department of Justice, any Assistant Attorney General, the Director and Deputy Director of Central Intelligence, the Commissioner of the Internal Revenue Service, all such specified individuals who held office during the incumbency of the President or during the period the previous President held office, if such preceding President was of the same political party as the incumbent President, and any officer of the principal national campaign committee seeking the election or reelection of the President.
The Attorney General must decide if there is merit to the allegation within 90 days. If so, he or she must have a special prosecutor appointed who has all the power of the Department of Justice office except those specific to the Attorney General. The special prosecutor is chosen through a system wherein the Chief Justice of the United States appoints a panel of three judges from the Circuit Court of Appeals, one of which must be from the District of Columbia, who serve three-year terms and choose the special prosecutor. The special prosecutor has the authority to send any information to the United States Congress that he or she deems relevant and can provide counsel in issues that may call for impeachment of the person under investigation.
The special prosecutor can only be removed by impeachment and conviction by congress, or by the Attorney General for “substantial improprieties” or a physical or mental condition that affects performance.
The Department of Justice is required to suspend all investigations within the realm of the special prosecutor.
The Attorney General has the authority to declare anyone disqualified from participating in an investigation because of conflict of interest.
Unfortunately when the Attorney General is corrupt it does no good.
Remember The Department of Justice sent people down to Florida to help organize the Zimmerman protests.
Talk about a complete blunder. Obummers handlers figured the guy was white because of the last name and decided to use him as a political race card to help win votes. Then it turns out he is Hispanic with his mom a Peruvian 1/2 black. ROTFLMAO
But that is alright he has the media to spin the tale for him so Zimmerman because a WHITE (hispanic) and the hackers made sure he get 120% of the votes.
I hope the Hispanics took notes of how the Demi-rats used one of their people.
Wall Street Advisor recommends guns and ammo for protection in collapse:
http://washingtonexaminer.com/be-prepared-wall-street-advisor-recommends-guns-ammo-for-protection-in-collapse/article/2541205
You’ve just gotta love these recent polling numbers.
http://www.judicialwatch.org/wp-content/uploads/2013/12/Judicial-Watch-Breitbart-Nationwide-Omnibus-Survey-Report-and-Analysis-TO-CLIENT-12.17.2013.pdf?V=1
A majority of those polled consider DC to be the epicenter of government corruption…. And yet the major media outlets can’t seem to grasp that concept….
New Obama Care Fees coming in 2014: http://nypost.com/2013/12/25/new-obamacare-fees-coming-in-2014/#
This is flabbergasting: Chamber of Commerce to spend 50 million to crush Tea Party? http://www.breitbart.com/Big-Government/2013/12/26/Chamber-of-Commerce-To-Spend-50-Million-To-Crush-Tea-Party
Could it be that the interests of the Chamber of Commerce are more closely aligned with Wall Street than those of Main Street?
That is a really really bad move because the Democrats have a more loyal and bigger base. (from memory) D =42% R ~ 37% with the rest independents.
I suggest every one read E.M. Smith’s “Evil Socialism” vs “Evil Capitalism”
It is the best short explanation of what happened to our country and why D = R and no one represents the man in the street.
Dubious US policies Iran boycott and the Turkish Gold Rush: http://www.foreignpolicy.com/articles/2013/12/26/irans_turkish_gold_rush
I am not going to dig it out, how ever the BRICS countries are stock piling gold AND started a development bank to rival the IMF/World Bank. The Turkish Gold Rush is part of that I am sure.
B= Brazil
R= Russia
I= India
C= China
S= South Africa.
This also has a lot to do with the UN stepping in and preventing the USA from mining gold near Yellowstone a few years ago. (We gave control of our parks to the UN)
The plan is to destroy the USA as a country and make her a vassal of the United Nations.
New math.
What makes DC math so complex is that they use a lot of imaginary numbers.
Another perspective:
During the 3-1/2 years of World War 2 that started with the Japanese bombing of Pearl Harbor in December 1941 and ended with the Surrender of Germany and Japan in 1945, the U.S. Produced 22 aircraft carriers, 8 battleships, 48 cruisers, 349 destroyers, 420 destroyer escorts, 203 submarines, 34 million tons of merchant ships, 100,000 fighter aircraft, 98,000 bombers, 24,000 transport aircraft, 58,000 training aircraft, 93,000 tanks, 257,000 artillery pieces, 105,000 mortars, 3,000,000 machine guns, and 2,500,000 military trucks. We put 16.1 million men in uniform in the various armed services, invaded Africa, invaded Sicily and Italy, won the battle for the Atlantic, planned and executed D-Day, marched across the Pacific and Europe, developed the atomic bomb and ultimately conquered Japan and Germany.
It’s worth noting, that during the almost exact amount of time, the Obama administration couldn’t build a functioning web site.
http://atlasshrugs2000.typepad.com/atlas_shrugs/2013/12/notewrothy.html
Obama also said he was going to ban trans-fats. I bet you a dollar to a dose of diabetes he is actually going to ban the labelling of trans-fat content….
Saudi’s lament have been stabbed in the back by Obama: http://www.foxnews.com/opinion/2013/12/27/saudis-lament-have-been-stabbed-in-back-by-obama/#
Just like the taxpayer, the Vets, the Israeli’s, the US military, etc, etc.
Note well that the last budget passed by a Republican House, Republican Senate, and Republican President, passed in 2006 for Fiscal Year 2007, produced a deficit of under $161 Billion.
Democrat majorities were primarily responsible for FY 2008 to present, and have created the six largest deficits in the history of the U.S.A.
… all after promising in 2006 and 2007 that they would stop deficit spending…
2006:
2007:
2008:
In 2006, Democrats complained about Republicans having created the four worst deficits in the history of America. But the last budget passed by a Republican House, Republican Senate, and Republican President (passed in 2006 for FY 2007) had a deficit of less than $161 Billion.
The Democrats have held majority control of the budgeting and appropriations process for FY 2008, 2009, 2010, 2011, 2012, 2013. Those six fiscal years have produced the SIX worst deficits in the history of America.
The same Democrats who complained of Republicans having created “the four worst deficits in the history of America”, the same Democrats who promised “no more deficit spending”, went on to create the SIX worst deficits in the history of America, blowing away what previous records by a huge margin.
Republican majorities added $4 Trillion to the total national debt over the course of 12 Fiscal Years (FY 1996-2007)
Democrat majorities added over $8 Trillion to the total national debt over the course of just 6 Fiscal Years (FY 2008-2013).
Democrats, after promising fiscal discipline and no more deficit spending, have done the EXACT OPPOSITE, and have been deficit spending at OVER FOUR TIMES THE RATE of their Republican predecessors.
And remember, the last budget passed by a Republican House, Republican Senate, and Republican President was passed in 2006 for FY 2007 and resulted in a deficit of less than $161 Billion.
Democrats made deficit spending and the national debt a campaign issue in 2006 and won both houses of Congress with promises of fiscal discipline and “no more deficit spending”.
Now, Democrats think that fiscal discipline is old and busted…
Top Deficits, Top Surpluses, and Political Party Majority Responsible
DEMOCRATS are majority responsible for the TOP 6 BIGGEST $ DEFICITS, and 7 of the top 10.
(Top 6: FY2008-2013, and #10: FY 1992)
And
DEMOCRATS are majority responsible for the TOP 9 BIGGEST DEFICITS as a % of GDP.
Five (#1- #4, & #9) were WWII-related, and Four (#5-#8) were 2009-2012.
While on the other hand…
REPUBLICANS are majority responsible for the TOP 5 BIGGEST $ SURPLUSES.
(FY 2000, 2001, 1999, 1998, and 1948)
And REPUBLICANSare majority responsible for the TOP 2 BIGGEST SURPLUSES, and 6 of the TOP 10 SURPLUSES, as a % of GDP.
(FY 1948, 2000, 1999, 2001, 1930, and 1998)
Here’s the detail on how they used the TARP loan to the banks (which was repaid with interest and subsequently blown by the Obama administration) and used the GSE bailouts as a new baseline for deficits $1Trillion every year over the earlier trend-line. Note, too, that fy 2013 deficit is deflated by the Treasury’s ‘extraordinary measures’ that pushed hundreds of billions in debt from fy 2013 into fy 2014 because of the debt limit cap.
http://i.imgur.com/raEhBwP.jpg