DEAD PAN PRESIDENT OBAMA TO PRESENT A DEAD PLAN

August 22, 2011

          With the U. S. economy and unemployment worsening every day and the sky is falling on the stock markets,  the last hope of the gambling public,  our president and congress go on vacation, planning their next  stratagem how to win the 2012 presidential election, instead.     The plan of both political parties, the democrats and republicans, is to take or hold control of the executive and legislative branches of our government, while the judicial branch is stacked with the majority of republican justices, calling corporations people.  In order to have big businesses control this country with money contributions to our elected representatives. , whose only interest is to stay in favor with   their political party and to continue to ride the Washington merry go round.

          It is obvious, since the federal election of 2010 when the republican majority wrested control of the House of Representatives, from the democrats who could only hold it for two years because of their failure to respond to the falling economy and the plight of the American people, in spite of Obama's false promises of "change" and "can do!" Obama's, personal ambition, charisma and carnival hawker tactics, soon wore off when it was time to deliver relief to the American people, tired of the actions of a Texas cowboy, who started two needless unending wars, and helped the financial institutions, who selfishly caused the downfall of the last vestiges of the economy, the construction and mortgage industry because of their sheer greed for profit.   With the help of both party's representatives in congress, through the federal reserve , the FHA, VA, Fanny Mae and Freddy Mac government systems which are still paying out money because of their "guarantees" on questionable loans to people with little or no credit.  Why would not financial institutions take advantage of congressionally passed laws which, in the final analysis make only the government and the American taxpayer responsible for the irresponsible loans they rushed to approve for the sake of a quick profit?

          Sadly, over the last ten years, these two wars and the crashing financial economy has caused our treasury to lose its entire surplus and go in debt for 14 trillion dollars and continuing at the rate of about a trillion and a half a year.

          Our national yearly budget if 50% over what our government's income  takes in on taxes and fees, while congress ‘s answer to the problem is to appoint a special bi-partisan  political committee who must come up with a plan by December or the national budget will be cut automatically 10% .  That drastic action will only result in a yearly saving of 400 billion dollars, far short of the trillion and a half dollars needed per year.  This will result in our national debt increasing about a trillion dollars a year because the national yearly budget will be short a trillion dollars a year.  By the end of the next president's term, the national debt will exceed 20 trillion dollars, about ten times our national income.  It is obvious ,that all these quick fixes by our representatives in Washington is akin to that little fellow holding his finger in the hole of the dike, nothing but a sham to hide the truth until they get re-elected again, their first and only aim.

          Into the center of the arena, come September, will ride our president Obama and, with much fanfare announce his plan to bring the jobs to the unemployed Americans since 2007, four long years after he should have had a plan and, when he had the votes in congress.  To help these suffering Americans and the economy now, he knows he does not have the votes in the House of Representatives to get any plan through as do the republicans, also and until after the election of 2012 when he will lose but for some unexpected miracle.

          You would expect some sympathy for our president, if he had a real plan to help the economy and put Americans back to work in permanent jobs.  But he has no such plan.  The plan he will present, knowing it cannot pass congress, is a joke.  It includes a mean less postponement of the withholding taxes on the working people, another unemployment benefit extension and a public works project for the nation's roads and bridges which each states already obligated to maintain by law since up to 90 % of the money was provided by the American taxpayer in the first place, with a provision and promise by the states to maintain them just drive on any interstate highway and see the deliberate neglect by these states on the basis they will prefer to have the government money to replace them than maintain them.  Not one permanent job will be created under his proposed but doomed plan, playing up to the states by trying to buy their support and vote.  The irony is he cannot even do that, this time around since, now he does not have control of congress, like sharks, the republicans smell blood and, they are determined to go for the kill, while the majority of Americans are wise to his charlatanistic and empty promises as witness by the election of 2010.

          In the meantime the republican party is shaking the trees looking for a candidate to beat Obama but are coming up with mediocre, politicians bought and paid for by big business, bent on keeping control of our government away from the American people who have been the losers in this power game for the last 25 years, since the advent of free trade where all the jobs have been lost or caused by it.

          Until we, the American people, learn that the real enemy is the two political parties, and stop electing members of either party who always vote in lockstep with their party, we cannot determine our own destiny because our elected representatives, of both parties are bought and paid for by big business interests in this great country we have lost control of by a our own votes.

          We have all been fooled because we have not taken the time to mind the store and care for the people's business.  We have, unfortunately, left it to our representatives who have sold us out every time, be them republican or democratic.

America's Legal Gambling House - The American Stock Market

August 19, 2011

            People, who risk their money in the American Stock Market, are plain and simply...fools!  They deserve to lose their money and, usually do.

          The theory of "Playing the Stock Market is simple, "buy low and sell high" that is the only control, ever person who plays the market has, "When to buy and when to sell."  When the market is rising, investors hesitate to sell, because they are making money, on paper.  When the market is falling, investors hesitate to sell and take the loss and usually say, "We are in it for the long haul."  The problem is, when the market continues to fall, as it has over the last week, investors panic and sell causing a further downturn in the market.  When they abandon the market and buy gold, feeling it is a safe investment, they are depending on gold to continue to rise; not realizing gold is a market commodity also subject to the gyrations of the market.  When the market begins to recover, as it always has, the value of gold drops and the investor loses again.  Of course, every time they buy or sell, a broker handling the transaction charges a fee, which automatically adds to the loss or diminishes the profit.

          If instead, an investor puts his money into "safe" and F.D.I.C. guaranteed investments, such as, Treasury Notes, CD's, Money Market accounts, or Saving accounts, they know exactly what the gain will be, and there is no risk involved.  Even Corporate Bonds carry a set interest subject only to the liquidity of the corporation and its ability to pay the interest promised.  They may not gain much, but they gain something.

          Of course, this rush to Stock Market investment was caused by the U. S. Federal Reserve system who has, over the last thirty years, reduced the interest rates to a point that these accounts pay an interest rate, hardly in keeping with the normal inflation rate.

          Our government has done this deliberately to keep the interest they are paying on Treasury Notes low, thereby saving the government the cost of their ever increasing debt.  At the same time, they made the rate of interest on loans given by banks and lending institutions lower and, over these last thirty years, lower each month causing a rush to the refinancing or mortgage loans which coupled with the government's relaxation of controls on banks to the point they were loaning money to any one without risk to the bank.  Since they were allowed to "bundle and assign" the mortgages to big financial companies who sold them on the open stock market, knowing they were of dubious value.  All these liberal credit arrangements finally caused the Stock Market collapse of 2008, and the collapse of Fanny Mae and FHA mortgages.  Which the U. S. Government was forced to guarantee, while the construction industry ground to a halt because of overbuilding and a drying up of mortgages.  As a result, with the continuing downward value of the housing market, banks are reluctant to provide mortgages, and foreclosed real estate keep the value of real estate at about 50% of the construction field from recovering.

          Traditionally, many investors put their money in business they start up, hoping to make a profit on their own labors and ingenuity.  However, this is all subject to the health of the economy.  These days, with most of our commercial and industrial business now located overseas in search of lower labor costs, the American market for goods cannot compete with foreign goods.  As much as 50% of our businesses are now located overseas, some of which pay no taxes because of our Free Trade Agreements, and others seeking the corporate tax protection of a new foreign home address.  This situation has caused many investors and businesses to shut down their U. S. locations, and this has contributed to the lay-off of about half of our work force located here in America.  Free Trade has steadily contributed and caused the major loss of tax money for the U. S. and unemployment of 10-15% in the U. S. A. today.  We are quickly becoming a service country and a second rate nation without the industries to make us strong and envied around the world.  Our children are having a bad time now and there is no hope for our grandchildren.

          As a result, the American Stock Market was the only source of the last five years, and even as a gamble, it could be depended on to keep rising even with the up and down , yo-yo periodic but infrequent changes.  Now, however, these gyrations of the market are much too frequent and extreme for the risk involved to the neophyte investor who is competing with the big fund payers who can combine their efforts to help control the market to some degree with a lot of money at their disposal, along with the Federal Reserve System, who periodically can pump money into the stock market at the will of its chairman, who can act on his every whim.  Governor Perry's recent remarks about, Chairman Bernanke, may have been too strong, but no one has a right to attempt to control a free Stock Market, and when they do it, sets a dangerous precedence and renders the market controllable, by the government or the Fed Chairman to the determent of the average investors.

          With the government in deep debt, the economy in shambles and unemployment creeping even high, now is the critical time for the American people and those misguided players of the Stock Market to invest in their own country and future for themselves and their children and, turn it all around by doing the following:

• 1. You can reduce the price of gasoline and fuel oil to $2.00 a gallon by starting up alternative energy companies to rid us of the strangle hold OPEC and American oil companies have had on us since 1972, when OPEC caused an Oil Embargo and local companies joined in to reap the excess profits they enjoy today with ever high oil prices. When we do this, they will bring these culprits to their knees, help the economy provide permanent work for millions of unemployed people, make a good profit and rid the country of the Oil Trade Deficit of about a trillion dollars a year.
• 2. We, as Americans, must adopt a, "Buy American Plan," to stop the flow of cheap, inferior foreign goods into this country. This will prompt a demand for American made goods and businesses will come forward and start up and return the industries that left to go overseas. You will be helping the economy to return and reduce the trading debt to foreign countries like China by a trillion dollars a year, while our Local, State and Federal Governments will receive tax money to provide the needed services, it cannot afford to provide today.
• 3. Labor Unions, should take the lead to help their Union Workers, now unemployed, by taking over those businesses that moved overseas, in search of cheap labor while lying off the Union Workers in the process. The Union worker has the know how to manage such companies and the job becomes more important than any profit except a fir interest rate return for the Labor Union who will put up the Union money to start the abandoned businesses. This will put ever Union Worker back to work and increase his value, self respect and give him a decent permanent job now and for the future.

          This, can be done without the help of our government leaders and representatives, who are too busy because they are bent on destroying each other's control and political party, instead of helping the American people, they have a duty to represent. 

THE "RIGHT REVEREND" RICK PERRY FOR PRESIDENT,

BUT WHERE IS THE BEEF?

August 13, 2011

Governor Rick Perry of Texas has decided to run for President of the United States.  The last Governor from Texas to run for President was, George Bush, and in the eight years between 2000 and 2008 he started two unending and costly wars and put us in debt to the tune of eight trillion dollars while his predecessor, Bill Clinton, left us with a surplus. 

Bush and the Republican congress, reduced taxes for the rich to "improve the economy" and he bounced another trillion dollars to banks and lending institutions who caused the foreclosure boon doggle.  Thank God, he had to leave the office after eight years, leaving the worse recession since the great depression of the 1930's.

Now we have a Democratic President who won his office with glowing promises of "change" and "can do."  To date he is a dismal failure and all the country is looking for a leader who keeps his word to help the sagging economy and whom which can put 15 million unemployed back to work, sooner than later.

After the sad experience of a Republican and Demorcratic President and a Republican and Democratic controlled congress, the American people are at their wits ends on who next as Presient, should be elected to save our country from total ruin and bankruptcy now that the Government is spending about a trillion and a half more than it takes in every year, while our National Debt is over 14 trillion and rising 1.5 trillion more yearly.

We certainly do not need another oil cowboy from Texas who has followed in the steps of his predecessor, George Bush.

First "Preacher" Perry suggests we should pray to God for help to get us out of this nagging dilemma of a bad economy for the last 5 years.  He even led a prayer vigil last Sunday and then, today, he has announced his candidacy for President because, as he put it, he has received a "calling."  My first thought was if we are expected to have God above help us, why don't we just vote for God and not his manager?  The last one got himself crucified for his efforts.

Rich Perry was a Democrat until 2000 when he was elected as a Republican as Governor of Texas.  He even backed Vice President Gore, instead of George Bush for the Presidency in 2000.  This says a lot about loyalty to the party by a switch hitter.

Remember, Texas is an oil state and most oil companies are located there for the benefit of no state Income taxes.  Oil companies have raised the price of oil across the country and then spend their excess profits in Texas.  The oil industry will fund his campaign just to keep the status quo and hands off the high oil prices which are crippling us.

Perry claims his state is responsible for half the number of jobs created for the last 10 years in this country, but he failed to tell you, their jobs are all near minimum wage jobs, many of which are held by illegal fence jumpers and Perry is in favor of granting amnesty to those fence jumpers when he becomes President.  He talks about securing the boarders first, but this is just a charade to bring in more illegals for their cheap labor.  Everyone, but the rich are in favor of ending the tax cut for the rich and closing all these generous, but costly tax breaks and loopholes for the oil companies and big business, since they are the only hope to reduce the crippling national debt.  You can rest assured this will not happen if he is elected President.  Just like the other candidate running for President, Perry has no plan to help the economy and put the 15 million Americans back to work all he has in the same premises and can do attitude Obama was elected to do but failed.

This time around, the American people are sick and tired of promises of help by Politicians who will say anything to get elected they want to hear about fool-proof plans to keep the economy and put our 15 million unemployed back to work in the permanent jobs we have lost to foreign competition this time, they refuse to be fooled by a neophyte Senator from Al Capone's town of Chicago.

I took the time to hear Rick Perry's speech in South Carolina today and all I heard were flowery xxxx which were aimed to appeal to the working people and big business men alike.  He jumped around the stage like a cocky rooster, move than a man with ideas as the leader we are looking for and desperately need.

We have had it with Politicians and con artists for the last eleven years he has been riding a gravy train of profits big oil business men in Texas.  He has done nothing to help his state except to take billions of dollars of stimulus money from Obama's stimulus package to balance his budget for the last two years.

In my opinion, we have another Texas cowboy on our hands like George Bush.  He may enunciate and pronounce his words better, but in all events, they are just words.

As someone pointed out pointedly, the American People as asking this questions..."Where's the beef?"    

August 9, 2011

OUR DYSFUNCTIONAL U.S. GOVERNMENT

Once again, and for the last eleven years, under both a Republican and Democratic administrations, our government and its leaders have failed to confront and solve the everyday problems faced by a nation famous for its leadership and strength.

As a result of the 9-11 destruction of the twin towers in New York and the attack and damage to the Pentagon resulting in the death of 3,000 people by 12 terrorists sent here by Osama bin Laden.

We have been involved in two needless and never ending wars in the Middle East against fanatical Muslims bent on our destruction and that of England for establishing and backing a homeland for the homeless Jewish people after years of near extinction and expulsion from the Holy Land, their original home.

Starting since the end of World War II Labor Unions have strangled our country's industries with high labor costs and crippling strikes that have forced most of our industrial and commercial companies to locate overseas in areas of cheap labor just to compete and stay in business.  Congress thoughtfully gave them tax breaks to move overseas while abandoning their American workers.  OPEC, the Middle East oil cartel members have controlled the price of gasoline and fuel oil since the early 1970's, when they brought the country to a standstill with the oil embargo to punish the U. S. for aiding Israel. 

For forty years our Congress and successive administrations have done nothing to help the American people from this shakedown.

Greedy American pharmaceutical companies have seen fit to charge Americans twice what the charge other countries for their drug products.  For the last twenty years with the tacit approval of the members of Congress and successive administrations.

All the while, congress has handed out giveaway oil leases to domestic and foreign companies to search for oil on American property while also giving them tax breaks in the process.  In return for huge campaign contributions.

To add insult to injury, congress has passed a number of Free Trade Laws, to insure these fleeing companies to foreign countries, free access of their cheap inferior goods to the U. S. market.  As a result, about 50% of our industrial and commercial companies have moved overseas to sites of cheap labor, while our U. S. unemployment has risen to ten percent.

Congress and successive administrations have relaxed banking laws over the years to allow banks to sell the mortgages they write on the open stock market.  This has caused so much greed and abuse by lending companies and financial institutions, that they caused the economic recession starting in 20007, when President George Bush and members of both parties in Congress, rushed in with the Trillion Dollar Bank Bailout Bill which helped only the banks and lending institutions who caused this boon doggle.  Rather than the innocent homeowner hood winked into the scheme.  Who does not remember the A. I. G. scandal and the shameful actions of Congress to protect and help this generous contributor to the member's re-election campaigns?

Because of congress' failure to help the American crises in foreclosures-since 2007, the value of all average American homes and real estate have dropped 35% and are still dropping daily.

President Obama was elected in 2008 by the American people because of his promises of "change" and "can do" to help the Country out of this economic recession.  Unfortunately, he managed to make matters worse because he didn't change anything and can't seem to do anything to correct these mounting problems of deficit spending and a National Debt which has exceeded its legal limit of 14 trillion dollars, all amassed under President Bush and Obama administrations.

This serious problem came to the forefront in one Federal Election of 2010 when the American voter tired of false promises and an economic crisis in the U. S. voted out the Democratic U. S. House of Representatives and installed a Republican Party controlled house again.  Thanks to the members of the "Tea Party" Republican members platform to "Balance the U. S. Budget" and "Reduce the national Debt."  Both critical needs under the circumstances.  Once and for all they were elected on the promise to "Pass a Constitutional Amendment" to have all future budgets balanced and to stop the continual increases in the National Debt beyond the statutory limit of 14 trillion dollars.

The Tea Party actions, starting in January 2011 this year caused alarm and consternation amongst "old pros" in Congress.  Accustomed to the power of seniority and that freshmen members of Congress should be "seen but not heard."

As a result of the firm commitment and will of these freshmen members of Congress.  All attempts to pass a bill to increase and extend the National Debt without major reforms in spending failed, right up to the August 2nd deadline.

In stepped the Democratic Vice President Joe Biden and Republican Senator Mitch McConnell and under threats of a crises and failure to pay the government bills.  Congress, as a whole knuckled under the pressure and agreed to a bill to kick the problem of the balanced budget and National Debt and necessary cuts, down the road by November to be solved by a, Joint Committee of 8 Congressional members to be selected by the Republican Speaker Boehner and the Democratic Senator Reid of Nevada.

With a Committee made up equally of Democrats and Republicans you can be assured no agreement will ever be arrived at since each political party is bent on destroying the other and in no mood to work with them as they should, regardless of politics.

In the meantime, Standard and Poor's, a credit rating bureau, immediately reduced the credit rating of the United States of America from AAA to AA, because of the failure of Congress to solve the budget and debt problems.

This, in turn, caused the stock markets in the U. S. and the entire world to shed about 2000 points or 17% of its value because of the loss of confidence in our finances and that of other countries worldwide.

Now with interest rates on bank savings so low, they are below the rate of inflations.  This last bastion of investment gambling has dried up and there is not a place for those Americans who have savings to safely invest their money.

In the meantime, the economy is worsening and unemployment is rising.  Unless and until there is a plan to put Americans back to work in permanent jobs.  The economy will continue to worsen.  This is the key to the health of our economy and not one politician in our government has a plan or the sense to bring back full employment.

And this is why the American voter, come November 2012, should go to the polls and reward their Congressman and President Obama by re-electing nobody!!!