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		<title>Twenty Questions Obama Needs To Answer</title>
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		<pubDate>Wed, 08 Feb 2012 10:59:57 +0000</pubDate>
		<dc:creator>Michael Redbourn</dc:creator>
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		<description><![CDATA[Obamanomics vs. Reaganomics: Destroying the lies about trickle &#8230; dancingczars.wordpress.com2/7/12 This entry was posted in Obamanomics vs. Reaganomics: Destroying the lies about trickle down economics and tagged conservative blog netowrk, Progressives are economic morons, Socialism doesn&#39;t, Trickle down works. Another Record for Obamanomics &#124; Wizbang wizbangblog.com2/3/12 Another Record for Obamanomics. February 3, 2012 &#124; Filed [...]
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<p><strong><a href='http://dancingczars.wordpress.com/2012/02/07/obamanomics-vs-reaganomics-destroying-the-lies-about-trickle-down-economics/'><b>Obamanomics</b> vs. Reaganomics: Destroying the lies about trickle <b>&#8230;</b></a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://dancingczars.wordpress.com/2012/02/07/obamanomics-vs-reaganomics-destroying-the-lies-about-trickle-down-economics/' /><span style= 'padding-left:10px'><a href='http://dancingczars.wordpress.com/2012/02/07/obamanomics-vs-reaganomics-destroying-the-lies-about-trickle-down-economics/'>dancingczars.wordpress.com</a></span><span style='padding-left:10px'>2/7/12</span></p>
<p>This entry was posted in <em>Obamanomics</em> vs. Reaganomics: Destroying the lies about trickle down economics and tagged conservative blog netowrk, Progressives are economic morons, Socialism doesn&#39;t, Trickle down works.</p>
<p><strong><a href='http://wizbangblog.com/2012/02/03/another-record-for-obamanomics/'>Another Record for <b>Obamanomics</b> | Wizbang</a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://wizbangblog.com/2012/02/03/another-record-for-obamanomics/' /><span style= 'padding-left:10px'><a href='http://wizbangblog.com/2012/02/03/another-record-for-obamanomics/'>wizbangblog.com</a></span><span style='padding-left:10px'>2/3/12</span></p>
<p>Another Record for <em>Obamanomics</em>. February 3, 2012 | Filed under Economics,Employment | Posted by Rodney Graves. And like all such records, it&#39;s not one that&#39;s doing the nation a damn bit of good.</p>
<hr />
<p>&nbsp;</p>
<p><a href="http://www.ourchangingglobe.com/wp-content/uploads/2012/02/obamanomics.jpg" target="_blank"><img class="alignleft size-full wp-image-5477" style="margin: 10px;" title="small-obamanomics" src="http://www.ourchangingglobe.com/wp-content/uploads/2012/02/small-obamanomics.jpg" alt="" width="300" height="240" /></a></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>President Obama has frequently justified his policies and judged their outcomes in terms of equity, justice and fairness. </p>
<p>All of which begs an obvious question,</p>
<p>How does our existing system and his own policy record stack up according to those criteria?</p>
<p style="clear: left;">
<p>1) Is it fair that the richest 1% of Americans pay nearly 40% of all federal income taxes, and the richest 10% pay two-thirds of the tax?</p>
<p>2) Is it fair that the richest 10% of Americans shoulder a higher share of their country&#8217;s income tax burden than do the richest 10% in every other industrialized nation, including socialist Sweden?</p>
<p>3) Is it fair that American corporations pay the highest statutory corporate tax rate of all other industrialized nations but Japan, which cuts its rate on April 1?</p>
<p>4) Is it fair that President Obama sends his two daughters to elite private schools that are safer, better-run, and produce higher test scores than public schools in Washington, D.C. while millions of other families across America are denied that free choice and are forced to send their kids to second-rate schools?</p>
<p>5) Is it fair that Americans who build a family business, hire workers, reinvest and save their money&mdash;paying a lifetime of federal, state and local taxes often climbing into the millions of dollars must then pay an additional estate tax of 35% (and up to 55% when the law changes next year) when they die, rather than passing that money onto their loved ones?</p>
<p>6) Is it fair that Treasury Secretary Tim Geithner, former Democratic Senate Majority Leader Tom Daschle, former Ways and Means Chairman Charlie Rangel and other leading Democrats who preach tax fairness underpaid their own taxes?</p>
<p>7) Is it fair that after the first three years of Obamanomics that the poor are poorer, that the poverty rate is rising, that the middle class is losing income, and some 5.5 million fewer Americans have jobs today than in 2007?</p>
<p><i>8</i>) Is it fair that roughly 88% of political contributions from supposedly impartial network television reporters, producers and other employees in 2008 went to Democrats?</p>
<p>9) Is it fair that the three counties with America&#8217;s highest median family income just happen to be located in the Washington, D.C., metro area?</p>
<p>10) Is it fair that wind, solar and ethanol producers get billions of dollars of subsidies each year and pay virtually no taxes, while the oil and gas industry which provides at least 10 times as much energy pays tens of billions of dollars of taxes while the president complains that it is &quot;subsidized&quot;?</p>
<p>11) Is it fair that those who work full-time jobs, and sometimes more than one in order to make ends meet have to pay taxes to support up to 99 weeks of unemployment benefits for those who don&#8217;t work?</p>
<p>12 Is it fair that those who took out responsible mortgages and pay them each month have to see their tax dollars used to subsidize those who acted recklessly, greedily and sometimes deceitfully in taking out mortgages they now can&#8217;t afford to repay?</p>
<p>13) Is it fair that thousands of workers won&#8217;t have jobs because the president sided with environmentalists and blocked the shovel-ready Keystone XL oil pipeline?</p>
<p>14) Is it fair that some of Mr. Obama&#8217;s largest campaign contributors received federal loan guarantees on their investments in renewable energy projects that went bust?</p>
<p>15) Is it fair that federal employees receive benefits that are nearly 50% higher than those of private-sector workers whose taxes pay their salaries, according to the Congressional Budget Office?</p>
<p>16) Is it fair that soon almost half the federal budget will take income from young working people and redistribute it to old non-working people, even though those over age 65 are already among the wealthiest Americans?</p>
<p>17) Is it fair that in 27 states workers can be compelled to join a union in order to keep their jobs?</p>
<p><i>18</i>) Is it fair that nearly four out of 10 American households now pay no federal income tax at all, and is a number that has risen every year under Mr. Obama?</p>
<p>19) Is it fair that Boeing, which is a private company, was threatened by a federal agency when it sought to add jobs in a right-to-work state rather than in a forced-union state?</p>
<p>20) Is it fair that our kids and grandstands and great-grand-kids who never voted for Mr. Obama will have to pay off the $5 trillion of debt accumulated over the past four years, without any benefits to them?</p>
<h3>What do you think? Was it fair?</h3>
<p>Related posts:<ol>
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<li><a href='http://www.ourchangingglobe.com/would-cains-999-be-good-thing/' rel='bookmark' title='Would Cain&#8217;s 999 Have Beeen A Good Thing?'>Would Cain&#8217;s 999 Have Beeen A Good Thing?</a></li>
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		<title>How Many Illegals Are In The US And What Is The Cost?</title>
		<link>http://www.ourchangingglobe.com/how-many-illegals-are-in-the-us-and-what-is-the-cost/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=how-many-illegals-are-in-the-us-and-what-is-the-cost</link>
		<comments>http://www.ourchangingglobe.com/how-many-illegals-are-in-the-us-and-what-is-the-cost/#comments</comments>
		<pubDate>Fri, 27 Jan 2012 19:41:47 +0000</pubDate>
		<dc:creator>Michael Redbourn</dc:creator>
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		<description><![CDATA[Obama Slaps Intimidation Lawsuit on South Carolina Over Illegals www6.lexisnexis.com11/7/11 States and localities bear the brunt of the costs that illegal aliens impose on taxpayers. &#8230; State and local costs for services siphoned by illegal aliens and their anchor babies now total $391 million a year in South Carolina. Illegal Aliens Not “Innocent Immigrants”; U.S., [...]
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<p><strong><a href='http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&#038;orgId=574&#038;topicId=25131&#038;docId=l:1589629912&#038;isRss=true&#038;Em=4'>Obama Slaps Intimidation Lawsuit on South Carolina Over Illegals</a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&#038;orgId=574&#038;topicId=25131&#038;docId=l:1589629912&#038;isRss=true&#038;Em=4' /><span style= 'padding-left:10px'><a href='http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&#038;orgId=574&#038;topicId=25131&#038;docId=l:1589629912&#038;isRss=true&#038;Em=4'>www6.lexisnexis.com</a></span><span style='padding-left:10px'>11/7/11</span></p>
<p>States and localities bear the brunt of the <em>costs</em> that <em>illegal aliens</em> impose on taxpayers. <b>&#8230;</b> State and local <em>costs</em> for services siphoned by <em>illegal aliens</em> and their anchor babies now total $391 million a year in South Carolina.</p>
<p><strong><a href='http://neosecularist.com/2012/01/27/illegal-aliens-not-innocent-immigrants-u-s-dem-party-wasting-millions-not-deporting-them/'><b>Illegal Aliens</b> Not “Innocent Immigrants”; U.S., Dem. Party Wasting <b>&#8230;</b></a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://neosecularist.com/2012/01/27/illegal-aliens-not-innocent-immigrants-u-s-dem-party-wasting-millions-not-deporting-them/' /><span style= 'padding-left:10px'><a href='http://neosecularist.com/2012/01/27/illegal-aliens-not-innocent-immigrants-u-s-dem-party-wasting-millions-not-deporting-them/'>neosecularist.com</a></span><span style='padding-left:10px'>1/27/12</span></p>
<p>Why would we want to reelect a man, Barack Obama, who would give the potential <em>illegal alien</em> that much more incentive to become a criminal <em>illegal alien</em>? Isn&#39;t it more <em>cost</em>-effective to the American taxpayer to advance a “no <b>&#8230;</b></p>
<hr />
<h3>How Many Illegals In The US And What Is The Cost?</h3>
<p>It’s obviously impossible to come up with exact figures because illegal aliens don’t reply to census questionnaires, but the <a href="http://www.businessweek.com/news/2010-05-12/arizona-immigration-law-backed-by-most-americans-survey-finds.html" onClick="javascript:pageTracker._trackPageview('/outbound/article/www.businessweek.com');" title="us border patrol" target="_blank">U.S. Border Patrol Union Local   2544 in Tucson, Ariz</a>., says the total number of illegal immigrants   in the U.S. today is somewhere between 12 million and 15 million. </p>
<p>And basing its figures on the <a href="http://www.census.gov/cps/" title="Current Population Survey" target="_blank">&quot;Current Population Survey&quot;</a>, which is a   monthly assessment of about 50,000 households jointly conducted by the   US Bureau of Labor Statistics and the Census Bureau, The <a href="http://pewhispanic.org/topics/?TopicID=16" onClick="javascript:pageTracker._trackPageview('/outbound/article/pewhispanic.org');" title="Pew Hispanic Center" target="_blank">Pew Hispanic Center</a> estimates that there are between 11.5 million to 12 million   &quot;unauthorized migrants&quot; living in the U.S. today.</p>
<p>Bear Stearns <a href="http://www.ourchangingglobe.com/misc/bear-stearns.pdf" title="Bear Stearns - pdf" target="_blank">(download pdf</a>) says however that   based on school enrollments, foreign remittances, border crossings, and   housing permits that, &quot;there is significant evidence that the census   estimates of undocumented  immigrants may be capturing <strong>as little as half </strong>of the total undocumented population&quot;, meaning that there might well be   as many as 20 million illegal immigrants in the US today.</p>
<div align="center">Estimated Number Of Illegal Aliens – State by State</div>
<p align="center"> <img alt="number of illegals by state" src="http://www.ourchangingglobe.com/images/illegals-by-state.jpg" title="illegals-by-state" height="737" width="364"></p>
<h3>How Much Are Illegal Aliens  Costing The U.S. ?</h3>
<h3> <em>The following estimates are  in <strong>billions</strong> and not   millions!</em></h3>
<p> Illegal aliens are said to be costing  the welfare system between $14   billion and $22 billion every year<strong><em> – </em></strong><strong><em><u><a href="http://www.fairus.org/site/PageServer?pagename=iic_immigrationissuecenters7fd8" onClick="javascript:pageTracker._trackPageview('/outbound/article/www.fairus.org');" target="_blank" title="federation for American Immigration Reform">Federation    for American Immigration Reform</a></u></em></strong></p>
<p>Medicaid use by illegal aliens costs the U.S. 7.5 billion every year- <a href="http://www.cis.org/articles/2004/fiscalexec.html" title="Center for Immigration Studies" target="_blank">Center for Immigration Studies</a></p>
<p>In 2006, illegal aliens sent an estimated  $65 BILLION in remittances back to   their countries of origin, to their families and friends – <a href="http://www.rense.com/general75/niht.htm" title="rense 65 billlion" target="_blank">rense.com</a></p>
<blockquote>
<p>The following information was sourced from and interview on  - <a href="http://www.ourchangingglobe.com/misc/lou-dobbs-tonight.html" title="lou dobbs tonight" target="_blank">Lou   Dobbs Tonight</a></p>
<p>Primary and secondary school  education for illegal   aliens is said to be costing $12 billion dollars a year.</p>
<p>Anchor (American-born children of illegal aliens) children another   $27 billion a year.</p>
<p>The incarceration of illegal aliens – $1.2 billion a year and 28% of all federal prison inmates are reckoned to be illegal aliens.</p>
<p>Every single year a massive $190 billion dollars is spent on welfare   and social services for illegal aliens.</p>
<p>It is thought that illegal aliens cause American wages to be   suppressed by around $200 billion dollars per year.</p>
</blockquote>
<p>The above figures are not 100% accurate of course, but they’re based on   extensive research, so it’s probably safe to say that illegal immigration   is costing the U.S. around $500 billion a year and $500 billion is   <strong>half a trillion dollars!</strong></p>
<h3>And How Much Do Illegal Immigrants Pay in Taxes?</h3>
<p>Most experts agree that many illegal immigrants are paying taxes to   Uncle Sam, but just how much they pay is hard to determine because the   federal government doesn’t fully tally it. </p>
<p>&quot;The latest available figures indicate however that it will amount to   billions of dollars in federal income, Social Security and Medicare   taxes this year and one rough estimate puts the amount of Social   Security taxes alone at around<strong> $9 billion per year</strong>&quot;.   – <a href="http://www.msnbc.msn.com/id/24054024/%22" title="msbc" target="_blank">MSNBC</a></p>
<h3>So What’s To Be Done?</h3>
<h4>Mass Deportation?</h4>
<p>According to The National Policy Institute, the total cost of mass   deportation would be between $206 and $230 billion, and you can download a free copy of the The National Policy Institute ebook   entitled, <a href="http://www.nationalpolicyinstitute.org/publications/?b=deportation%22" title="deportation" target="_blank">deportation</a> if you&#8217;re interested in more details.</p>
<h4>How Much Overall Support Is There For Reducing Immigration?</h4>
<p align="center"><img alt="Reduced support for immigration" src="http://www.ourchangingglobe.com/images/public-support-for-reducing-immigration.gif" title="support for reduced immigration" height="192" width="400"></p>
<h3>What Steps Was It Recommended That The Government Take?</h3>
<p>In 1995, the U.S. Commission on Immigration Reform asked the    National Research Council / National Academy of Sciences to study the   economic and fiscal effects of immigration. </p>
<p>Here are the principle   findings of their extensive  analysis, published in 1997 as The New   Americans: Economic, Demographic, and Fiscal Effects of Immigration   (ISBN 0-309-06356-6).</p>
<p>Their recommendations on Illegal Immigration were to.</p>
<blockquote>
<p>Restrict the eligibility of illegal aliens for publicly-funded   assistance.</p>
<p>Implement a nationwide system for easily verifying authorization to   work (specifically, a computerized registry based on a secure<br />
      social security card).</p>
<p>Increase the resource for border management and interior enforcement.</p>
</blockquote>
<h3>Is There The Political Will To Implement Either Of The Above?</h3>
<p>Obviously not, because in spite of a recent <a href="http://www.businessweek.com/news/2010-05-12/arizona-immigration-law-backed-by-most-americans-survey-finds.html" title="pew survey" target="_blank">Pew survey</a> (and all other polls that I’ve seen confirm it) showing   that  73%of  those polled  approved of Arizona’s new immigration plan,     and in spite of many other States wanting to adopt it, the <a href="http://www.ourchangingglobe.com/liberal-lemmings-and-the-lunatic-left/" title="Obama administration" target="_blank">Obama administration</a> is seeking to have Arizona’s new law ruled unlawful.</p>
<h4>The Answer To The Question</h4>
<p>A Mexican journalist by the name of Evangelina Hernandez asked in   Denver recently, &quot;Illegal aliens pay rent, buy groceries, buy clothes.   What Happens to your country’s economy if 20 million people go away?&quot;.</p>
<p>The answer would of course be, that the U.S. would be close to $500   billion a year better off, and</p>
<p align="center"><img alt="Victoria Texas newspaper clipping" src="http://www.ourchangingglobe.com/images/victoria-texas.jpg" title="victoria-texas" height="465" width="367"></p>
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<li><a href='http://www.ourchangingglobe.com/more-than-eighty-reasons-why-obama-shouldnt-be-reelected/' rel='bookmark' title='More Than Eighty Reasons Why Obama Shouldn&#8217;t Be Reelected!'>More Than Eighty Reasons Why Obama Shouldn&#8217;t Be Reelected!</a></li>
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		<title>Were Bear Stearns And 9/11 Economic Terror? Islamic Jihad?</title>
		<link>http://www.ourchangingglobe.com/were-bear-stearns-and-911-economic-terror-islamic-jihad/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=were-bear-stearns-and-911-economic-terror-islamic-jihad</link>
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		<pubDate>Sat, 21 Jan 2012 12:30:24 +0000</pubDate>
		<dc:creator>Michael Redbourn</dc:creator>
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		<description><![CDATA[Economic Terrorism: Was the 2008 Collapse Intentional &#8230; conservativebyte.com1/20/12 Economic jihad perhaps. Reply. Big Ugly, Wyoming says: January 20, 2012 at 10:32 am. There is no doubt in my mind that the “Crash of 2008″ was intentional …. orchestrated by Obama&#39;s handlers ….. headed by George &#8230; Ireland may be the first EU state to [...]
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<li><a href='http://www.ourchangingglobe.com/the-us-and-the-eu-are-on-an-economic-collision-course/' rel='bookmark' title='The U.S. And The E.U. Are On An Economic Collision Course.'>The U.S. And The E.U. Are On An Economic Collision Course.</a></li>
<li><a href='http://www.ourchangingglobe.com/the-economic-news-is-both-good-and-bad/' rel='bookmark' title='The Economic News Is Both Good And Bad'>The Economic News Is Both Good And Bad</a></li>
<li><a href='http://www.ourchangingglobe.com/are-socialist-countries-are-doing-better-in-the-present-economic-crisis/' rel='bookmark' title='Do Socialist Countries Fare Better In An Economic Crisis?'>Do Socialist Countries Fare Better In An Economic Crisis?</a></li>
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<p><strong><a href='http://conservativebyte.com/2012/01/economic-terrorism-was-the-2008-collapse-intentional/'><b>Economic</b> Terrorism: Was the 2008 Collapse Intentional <b>&#8230;</b></a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://conservativebyte.com/2012/01/economic-terrorism-was-the-2008-collapse-intentional/' /><span style= 'padding-left:10px'><a href='http://conservativebyte.com/2012/01/economic-terrorism-was-the-2008-collapse-intentional/'>conservativebyte.com</a></span><span style='padding-left:10px'>1/20/12</span></p>
<p><em>Economic jihad</em> perhaps. Reply. Big Ugly, Wyoming says: January 20, 2012 at 10:32 am. There is no doubt in my mind that the “Crash of 2008″ was intentional …. orchestrated by Obama&#39;s handlers ….. headed by George <b>&#8230;</b></p>
<p><strong><a href='http://www.jihadwatch.org/2012/01/ireland-may-be-the-first-eu-state-to-sell-islamic-bonds.html'>Ireland may be the first EU state to sell Islamic bonds &#8211; <b>Jihad</b> Watch</a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://www.jihadwatch.org/2012/01/ireland-may-be-the-first-eu-state-to-sell-islamic-bonds.html' /><span style= 'padding-left:10px'><a href='http://www.jihadwatch.org/2012/01/ireland-may-be-the-first-eu-state-to-sell-islamic-bonds.html'>www.jihadwatch.org</a></span><span style='padding-left:10px'>1/20/12</span></p>
<p>McCormick Foundation: Shariah, Law and &#39;<em>Financial Jihad</em>&#39; and How Should America Respond? 1. Recommendation: Enforce and prosecute violations of current laws on disclosure, racketeering, anti-trust, material support for <b>&#8230;</b></p>
<hr />
<p>&nbsp;</p>
<p>Glen Beck talks to Kevin Freeman, the author of the book &quot;Secret Weapon&quot;, about economic terror.</p>
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<p align="center"> I edited the interview because the sound was so low as to be almost inaudible, and the clip was very long.</p>
<p>It seems like economic terror is now an official part of Jihad and its intent is to cause a collapse of the US economy!</p>
<p>Frightening stuff! </p>
<p>If you can&#8217;t destroy the US militarily then destroy it economy!</p>
<p>Both the Arabs and George Soros (seems like he&#8217;s involved too) have lots of money at their disposal, and their motivation to destroy the US economy is sky-high.</p>
<p>The bottom line is that the dollar and America&#8217;s credit rating are under attack, and the attack is very very serious!</p>
<p>So what can be done?</p>
<p>Please post your thoughts and suggestions.</p></p>
<p>Related posts:<ol>
<li><a href='http://www.ourchangingglobe.com/the-us-and-the-eu-are-on-an-economic-collision-course/' rel='bookmark' title='The U.S. And The E.U. Are On An Economic Collision Course.'>The U.S. And The E.U. Are On An Economic Collision Course.</a></li>
<li><a href='http://www.ourchangingglobe.com/the-economic-news-is-both-good-and-bad/' rel='bookmark' title='The Economic News Is Both Good And Bad'>The Economic News Is Both Good And Bad</a></li>
<li><a href='http://www.ourchangingglobe.com/are-socialist-countries-are-doing-better-in-the-present-economic-crisis/' rel='bookmark' title='Do Socialist Countries Fare Better In An Economic Crisis?'>Do Socialist Countries Fare Better In An Economic Crisis?</a></li>
</ol></p>]]></content:encoded>
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		<title>Who Are The World&#8217;s Biggest Debtor Nations? Slide-show!</title>
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		<pubDate>Thu, 22 Dec 2011 16:53:27 +0000</pubDate>
		<dc:creator>Michael Redbourn</dc:creator>
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		<description><![CDATA[Debt-Free United States Notes Were Once Issued Under JFK And &#8230; theeconomiccollapseblog.com12/19/11 Our current debt-based monetary system was devised by greedy bankers that wanted to make huge profits by creating money out of thin air and lending it to the U.S. government at interest. Sadly, the vast majority of the &#8230; The Corporate Cash Myth [...]
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<li><a href='http://www.ourchangingglobe.com/ten-of-the-nations-banks-need-a-total-of-75-billion/' rel='bookmark' title='Ten US Banks Needs A Total Of $75 Billion'>Ten US Banks Needs A Total Of $75 Billion</a></li>
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<p><strong><a href='http://theeconomiccollapseblog.com/archives/debt-free-united-states-notes-were-once-issued-under-jfk-and-the-u-s-government-still-has-the-power-to-issue-debt-free-money'><b>Debt</b>-Free United States Notes Were Once Issued Under JFK And <b>&#8230;</b></a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://theeconomiccollapseblog.com/archives/debt-free-united-states-notes-were-once-issued-under-jfk-and-the-u-s-government-still-has-the-power-to-issue-debt-free-money' /><span style= 'padding-left:10px'><a href='http://theeconomiccollapseblog.com/archives/debt-free-united-states-notes-were-once-issued-under-jfk-and-the-u-s-government-still-has-the-power-to-issue-debt-free-money'>theeconomiccollapseblog.com</a></span><span style='padding-left:10px'>12/19/11</span></p>
<p>Our current <em>debt</em>-based monetary system was devised by greedy bankers that wanted to make huge profits by creating money out of thin air and lending it to the <em>U.S.</em> government at <em>interest</em>. Sadly, the vast majority of the <b>&#8230;</b></p>
<p><strong><a href='http://www.europac.net/commentaries/corporate_cash_myth'>The Corporate Cash Myth | Euro Pacific Capital</a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://www.europac.net/commentaries/corporate_cash_myth' /><span style= 'padding-left:10px'><a href='http://www.europac.net/commentaries/corporate_cash_myth'>www.europac.net</a></span><span style='padding-left:10px'>12/21/11</span></p>
<p>The death blow to <em>US</em> corporations could come when <em>US interest</em> rates rise to historically normal levels. A four-percentage-point rise in the <em>interest</em> rates paid on <em>debt</em> by <em>US</em> corporations would cost them nearly $300 billion per <b>&#8230;</b></p>
<hr />
<p>&nbsp;</p>
<p>If you think that the US is in a terrible state financially, you&#8217;re right, because <u><a href="http://www.ourchangingglobe.com/forget-the-deficit-how-big-is-the-interest-on-our-debt/" title="interest-on-debt" target="_blank">the US can&#8217;t pay the interest on its debts</a></u> which is why those debts are getting bigger every second of every day.</p>
<p>But take a look at this slide-show and most likely be amazed.</p>
<p>Of the twenty countries listed, America is number twenty meaning that there are nineteen countries who owe much more of their GDP that it does.</p>
<p><script src="//www.gmodules.com/ig/ifr?url=http://prac-gadget.googlecode.com/files/picasa-slideshow-simple-nb.xml&amp;up_FEED=https%3A%2F%2Fpicasaweb.google.com%2Fdata%2Ffeed%2Fbase%2Fuser%2F114992816844154588643%2Falbumid%2F5688951287554837665%3Falt%3Drss%26kind%3Dphoto%26authkey%3DGv1sRgCJH45aDEhp6qDw%26hl%3Den_US&amp;up_PWH=450&amp;up_PHT=450&amp;up_DTime=10000&amp;up_TTime=2000&amp;up_RND=No&amp;up_CLP=&amp;up_NAB=yes&amp;up_SCOL=%23c3d9ff&amp;up_CCOL=%23E0E6EC&amp;synd=open&amp;w=452&amp;h=452&amp;title=&amp;border=%23ffffff%7C3px%2C1px+solid+%23999999&amp;output=js"></script></p>
<p>&nbsp;</p>
<p>And please note how the socialist countries are doing and perhaps cringe, knowing that this is the direction in which Obama would like to lead America.</p>
<p>Related posts:<ol>
<li><a href='http://www.ourchangingglobe.com/the-%e2%80%98loan-modification-program%e2%80%99-finally-gets-underway/' rel='bookmark' title='The ‘Loan Modification Program’ Finally Gets Underway.'>The ‘Loan Modification Program’ Finally Gets Underway.</a></li>
<li><a href='http://www.ourchangingglobe.com/ten-of-the-nations-banks-need-a-total-of-75-billion/' rel='bookmark' title='Ten US Banks Needs A Total Of $75 Billion'>Ten US Banks Needs A Total Of $75 Billion</a></li>
<li><a href='http://www.ourchangingglobe.com/the-fundamentals-dont-favor-obama/' rel='bookmark' title='Obama&#8217;s Reelection Chances Don&#8217;t Look Good'>Obama&#8217;s Reelection Chances Don&#8217;t Look Good</a></li>
</ol></p>]]></content:encoded>
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		<title>Fifty Facts About The US Economy That Might Shock You!</title>
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		<pubDate>Mon, 19 Dec 2011 14:40:05 +0000</pubDate>
		<dc:creator>Michael Redbourn</dc:creator>
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		<description><![CDATA[Zakaria: The real burden on the U.S. economy – Global Public &#8230; globalpublicsquare.blogs.cnn.com12/11/11 By Fareed Zakaria, CNN President Obama gave an important speech in Kansas last week. Whether you agree with all of it or not, he has begun a national conversation about the economy and the role of government. Global Economic Crisis: The U.S. [...]
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<p><strong><a href='http://globalpublicsquare.blogs.cnn.com/2011/12/11/zakaria-the-real-burden-on-the-u-s-economy-2/'>Zakaria: The real burden on <b>the U.S. economy</b> – Global Public <b>&#8230;</b></a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://globalpublicsquare.blogs.cnn.com/2011/12/11/zakaria-the-real-burden-on-the-u-s-economy-2/' /><span style= 'padding-left:10px'><a href='http://globalpublicsquare.blogs.cnn.com/2011/12/11/zakaria-the-real-burden-on-the-u-s-economy-2/'>globalpublicsquare.blogs.cnn.com</a></span><span style='padding-left:10px'>12/11/11</span></p>
<p>By Fareed Zakaria, CNN President Obama gave an important speech in Kansas last week. Whether you agree with all of it or not, he has begun a national conversation about the <em>economy</em> and the role of government.</p>
<p><strong><a href='http://www.marketoracle.co.uk/Article32204.html'>Global <b>Economic</b> Crisis: <b>The U.S.</b> An Insolvent and Ungovernable <b>&#8230;</b></a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://www.marketoracle.co.uk/Article32204.html' /><span style= 'padding-left:10px'><a href='http://www.marketoracle.co.uk/Article32204.html'>www.marketoracle.co.uk</a></span><span style='padding-left:10px'>12/18/11</span></p>
<p>Global <em>Economic</em> Crisis: <em>The U.S.</em> An Insolvent and Ungovernable Country :: The Market Oracle :: Financial Markets Analysis &amp; Forecasting Free Website.</p>
<hr />
<p>&nbsp;</p>
<p><a href="http://www.ourchangingglobe.com/wp-content/uploads/2011/12/federal-reserve-building.jpg"><img class="alignleft size-full wp-image-4796" style="margin: 10px;" title="federal-reserve-building" src="http://www.ourchangingglobe.com/wp-content/uploads/2011/12/federal-reserve-building.jpg" alt="Did the Federal Reserve destroy the US economy?" width="330" height="330" /></a></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>Do you now how bad the US economy really is?</p>
<p>If you answered, &quot;Yes&quot; then read on because it&#8217;s almost certainly far worse than you thought.</p>
<p>And if you answered, &quot;No&quot; or &quot;Maybe&quot; then sit down before you read on!</p>
<p style="clear: left;">
<p>The following data along with links appeared on a blog entitled  <a href="http://theeconomiccollapseblog.com" title="TEC" target="_blank"><u>The Economic Collapse</u></a> and for those unfamiliar with the site, TEC (The Economic Collapse) is a blog that   regularly compiles a comprehensive list of the most startling and   unsettling facts about the U.S. economy.</p>
<h3>Why Does TEC Do It?</h3>
<p>A blurb on the site says:</p>
<blockquote>
<p>&ldquo;If we do not educate the American people about how deathly ill the   U.S. economy has become, then they will just keep falling for the same   old lies that our politicians keep telling them.&nbsp;Just &lsquo;tweaking&rsquo; things   here and there is not going to fix this economy&quot;.</p>
</blockquote>
<p>&ldquo;America is consuming far more wealth than it is producing and our   debt is absolutely exploding. If we stay on this current   path, an economic collapse is inevitable. Hopefully the crazy economic   numbers from 2011 that I have included in this article will be shocking   enough to wake some people up&quot;</p>
<p>&ldquo;If we all work together, hopefully we can get millions of people to   wake up and realize that &lsquo;business as usual&rsquo; will result in a national   economic apocalypse&quot;.</p>
<h3>So Without More Ado &#8211; Here Are The Fifty Figures</h3>
<blockquote>
<p><strong>1</strong>. A staggering <a title="48 percent" href="http://usnews.msnbc.msn.com/_news/2011/12/15/9461848-dismal-prospects-1-in-2-americans-are-now-poor-or-low-income" target="_blank">48%</a> of all Americans are either considered to be &ldquo;low income&rdquo; or are living in poverty.</p>
<p><strong>2</strong>. Approximately <a title="57 percent" href="http://usnews.msnbc.msn.com/_news/2011/12/15/9461848-dismal-prospects-1-in-2-americans-are-now-poor-or-low-income" target="_blank">57%</a> of all children in the United States are living in homes that are either considered to be &ldquo;low income&rdquo; or impoverished.</p>
<p><strong>3</strong>. If the number of Americans that &ldquo;wanted jobs&rdquo; was   the same today as it was back in 2007, the &ldquo;official&rdquo; unemployment rate   put out by the U.S. government would be up to <a title="11 percent" href="http://www.washingtonpost.com/blogs/ezra-klein/post/wonkbook-the-real-unemployment-rate-is-11-percent/2011/12/12/gIQAuctPpO_blog.html" target="_blank">11%</a>.</p>
<p><strong>4</strong>. The average amount of time that a worker stays unemployed in the United States is now <a title="over 40 weeks" href="http://research.stlouisfed.org/fred2/series/UEMPMEAN" target="_blank">over 40 weeks</a>.</p>
<p><strong>5</strong>. One recent survey found that <a title="77 percent" href="http://www.usnews.com/news/blogs/washington-whispers/2011/11/07/7-in-10-blame-economy-for-hiring-freeze" target="_blank">77%</a> of all U.S. small businesses do not plan to hire any more workers.</p>
<p><strong>6</strong>. There are fewer payroll jobs in the United States today <a title="than there were back in 2000" href="http://www.usnews.com/opinion/mzuckerman/articles/2011/06/20/why-the-jobs-situation-is-worse-than-it-looks" target="_blank">than there were back in 2000</a> even though we have added 30 million extra people to the population since then.</p>
<p><strong>7</strong>. Since December 2007, median household income in the United States has declined by a total of <a title="6.8%" href="http://www.usatoday.com/news/nation/story/2011-09-13/census-household-income/50383882/1" target="_blank">6.8%</a> once you account for inflation.</p>
<p><strong>8</strong>. According to the Bureau of Labor Statistics, 16.6   million Americans were self-employed back in December 2006. Today, that   number has shrunk <a title="to 14.5 million" href="http://www.usatoday.com/money/smallbusiness/story/2011-09-07/Fewer-people-choose-to-be-self-employed/50305432/1" target="_blank">to 14.5 million</a>.</p>
<p><strong>9</strong>. A Gallup poll from earlier this year found that <a title="approximately one out of every five" href="http://www.foxnews.com/us/2011/07/06/underemployed-new-reality-american-job-market/" target="_blank">approximately one out of every five</a> Americans that do have a job consider themselves to be underemployed.</p>
<p><strong>10.</strong> According to author Paul Osterman, about <a title="20 percent" href="http://money.usnews.com/money/careers/articles/2011/10/19/the-ranks-of-the-underemployed-continue-to-grow" target="_blank">20%</a> of all U.S. adults are currently working jobs that pay poverty-level wages.</p>
<p><strong>11</strong>. Back in 1980, <a title="less than 30%" href="http://growth.newamerica.net/sites/newamerica.net/files/policydocs/26-04-11%20Middle%20Class%20Under%20Stress.pdf" target="_blank">less than 30%</a> of all jobs in the United States were low income jobs. Today, <a title="more than 40%" href="http://growth.newamerica.net/sites/newamerica.net/files/policydocs/26-04-11%20Middle%20Class%20Under%20Stress.pdf" target="_blank">more than 40%</a> of all jobs in the United States are low income jobs.</p>
<p><strong>12.</strong> Back in 1969, 95% of all men between the ages of 25 and 54 had a job. In July, only <a title="81.2 percent" href="http://www.bloomberg.com/news/print/2011-08-25/obama-seeks-jobs-plan-as-u-s-workingman-status-further-erodes.html" target="_blank">81.2%</a> of men in that age group had a job.</p>
<p><strong>13</strong>. One recent survey found that <a title="one out of every three Americans" href="http://www.dsnews.com/articles/job-loss-could-put-one-in-three-homeowners-out-of-their-home-2011-09-30" target="_blank">one out of every three Americans</a> would not be able to make a mortgage or rent payment next month if they suddenly lost their current job.</p>
<p><strong>14</strong>. The Federal Reserve recently announced that the total net worth of U.S. households declined by <a title="4.1 percent" href="http://money.cnn.com/2011/12/08/news/economy/household_net_worth/index.htm" target="_blank">4.1%</a> in the 3rd quarter of 2011 alone.</p>
<p><strong>15</strong>. According to a recent study conducted by the   BlackRock Investment Institute, the ratio of household debt to personal   income in the United States is now <a title="154 percent" href="http://www.usatoday.com/money/economy/story/2011-10-02/cnbc-consumers-economy/50619276/1" target="_blank">154%</a>.</p>
<p><strong>16</strong>. As the economy has slowed down, so has the number of marriages. According to a Pew Research Center analysis, only <a title="51 percent" href="http://www.washingtonpost.com/local/married-couples-at-a-record-low/2011/12/13/gIQAnJyYsO_story.html" target="_blank">51%</a> of all Americans that are at least 18 years old are currently married. Back in 1960, <a title="72 percent" href="http://www.washingtonpost.com/local/married-couples-at-a-record-low/2011/12/13/gIQAnJyYsO_story.html" target="_blank">72%</a> of all U.S. adults were married.</p>
<p><strong>17</strong>. The U.S. Postal Service has lost more than <a title="5 billion dollars" href="http://news.yahoo.com/post-office-near-default-losses-mount-5-1b-210808129.html" target="_blank">5 billion dollars</a> over the past year.</p>
<p><strong>18</strong>. In Stockton, California home prices have declined <a title="64 percent" href="http://www.businessinsider.com/most-miserable-cities-america-2011-12#6-stockton-california-15" target="_blank">64%</a> from where they were at when the housing market peaked.</p>
<p><strong>19</strong>. Nevada has had the highest foreclosure rate in the nation for <a title="59 months" href="http://www.cnbc.com/id/45682960" target="_blank">59 months</a> in a row.</p>
<p><strong>20</strong>. If you can believe it, the median price of a home in Detroit is now <a title="just $6000" href="http://www.businessinsider.com/detroit-is-in-utter-shambles-and-the-state-should-take-it-over-immediately-2011-12" target="_blank">just $6000</a>.</p>
<p><strong>21</strong>. According to the U.S. Census Bureau, <a title="18 percent" href="http://money.cnn.com/2011/03/18/real_estate/florida_vacant_homes/index.htm" target="_blank">18%</a> of all homes in the state of Florida are sitting vacant. That figure is 63% larger than it was just ten years ago.</p>
<p><strong>22</strong>. New home construction in the United States is on pace to set <a title="a brand new all-time record low" href="http://www.usatoday.com/money/economy/housing/story/2011-11-03/economy-hits-home-builders/51065938/1?loc=interstitialskip" target="_blank">a brand new all-time record low</a> in 2011.</p>
<p><strong>23</strong>. <a href="http://endoftheamericandream.com/archives/have-we-raised-an-entire-generation-of-young-men-that-do-not-know-how-to-be-men" target="_blank">19%</a> of all American men between the ages of 25 and 34 are now living with their parents.</p>
<p><strong>24</strong>. Electricity bills in the United States have risen faster than the overall rate of inflation <a title="for five years in a row" href="http://www.usatoday.com/money/industries/energy/story/2011-12-13/electric-bills/51840042/1?loc=interstitialskip" target="_blank">for five years in a row</a>.</p>
<p><strong>25</strong>. According to the Bureau of Economic Analysis,   health care costs accounted for just 9.5% of all personal   consumption back in 1980. Today they account for approximately <a title="16.3%" href="http://www.businessinsider.com/america-middle-class-in-decline-2011-4#-10" target="_blank">16.3%</a>.</p>
<p><strong>26</strong>. One study found that <a title="approximately 41 percent" href="http://endoftheamericandream.com/archives/the-royal-wedding-american-idol-dancing-with-the-stars-and-7-other-ways-that-the-american-people-are-being-distracted-from-our-real-problems" target="_blank">approximately 41%</a> of all working age Americans either have medical bill problems or are currently paying off medical debt.</p>
<p><strong>27</strong>. If you can believe it, one out of every seven Americans <a title="has at least 10 credit cards" href="http://www.mybudget360.com/endgame-credit-card-nation-40-year-credit-card-bull-market-over/" target="_blank">has at least 10 credit cards</a>.</p>
<p><strong>28</strong>. The United States spends <a title="more than 4 dollars" href="http://www.census.gov/foreign-trade/Press-Release/current_press_release/ft900.pdf" target="_blank">about 4 dollars</a> on goods and services from China for every one dollar that China spends on goods and services from the United States.</p>
<p><strong>29</strong>. It is being projected that the U.S. trade deficit for 2011 will be <a title="558.2 billion dollars" href="http://thehill.com/blogs/on-the-money/1005-trade/192857-trade-deficit-narrows-to-lowest-level-this-year" target="_blank">558.2 billion dollars</a>.</p>
<p><strong>30</strong>. The <a target="_blank" title="retirement crisis" href="http://theeconomiccollapseblog.com/archives/25-bitter-and-painful-facts-about-the-coming-baby-boomer-retirement-crisis-that-will-blow-your-mind">retirement crisis</a> in the United States just continues to get worse. According to the Employee Benefit Research Institute, <a title="46 percent" href="http://www.ebri.org/pdf/surveys/rcs/2011/FS2_RCS11_Prepare_FINAL1.pdf" target="_blank">46%</a> of all American workers have less than $10,000 saved for retirement, and <a title="29 percent" href="http://www.ebri.org/pdf/surveys/rcs/2011/FS2_RCS11_Prepare_FINAL1.pdf" target="_blank">29%</a> of all American workers have less than $1,000 saved for retirement.</p>
<p><strong>31</strong>. Today, <a title="One out of every six" href="http://www.ncoa.org/press-room/press-release/one-in-six-seniors-lives-in.html" target="_blank">one out of every six</a> elderly Americans lives below the federal poverty line.</p>
<p><strong>32.</strong> According to a study that was just released, CEO pay at America&rsquo;s biggest companies rose by <a title="36.5%" href="http://money.cnn.com/2011/12/15/news/companies/ceo_pay/index.htm?iid=HP_LN" target="_blank">36.5%</a> in just one recent 12 month period.</p>
<p><strong>33</strong>. Today, the &ldquo;<a target="_blank" title="too big to fail" href="http://theeconomiccollapseblog.com/archives/archives/too-big-to-fail-10-banks-own-77-percent-of-all-u-s-banking-assets">too big to fail</a>&rdquo; banks are larger than ever.&nbsp; The total assets of the six largest U.S. banks increased by <a title="39 percent" href="http://www.dailymail.co.uk/news/article-2067359/Revealed-The-secret-1-2-TRILLION-bailout-given-banks.html?ito=feeds-newsxml" target="_blank">39%</a> between September 30, 2006 and September 30, 2011.</p>
<p><strong>34.</strong> The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the <a title="bottom 30 percent" href="http://www.washingtonpost.com/blogs/blogpost/post/wal-mart-heirs-have-same-net-worth-as-the-bottom-30-percent-of-americans/2011/12/09/gIQAkg6FiO_blog.html" target="_blank">bottom 30%</a> of all Americans combined.</p>
</blockquote>
<blockquote>
<p><strong>35</strong>. According to an analysis of Census   Bureau data done by the Pew Research Center, the median net worth for   households led by someone 65 years of age or older <a title="is 47 times greater" href="http://www.thestreet.com/story/11301457/1/us-wealth-gap-between-young-and-old-is-widest-ever.html" target="_blank">is 47 times greater</a> than the median net worth for households led by someone under the age of 35.</p>
<p><strong>36</strong>. If you can believe it, <a title="37 percent" href="http://www.thestreet.com/story/11301457/2/us-wealth-gap-between-young-and-old-is-widest-ever.html" target="_blank">37%</a> of all U.S. households that are led by someone under the age of 35 have a net worth of zero or less than zero.</p>
<p><strong>37</strong>. A higher%age of Americans is living in <a target="_blank" title="extreme poverty" href="http://theeconomiccollapseblog.com/archives/archives/extreme-poverty-is-now-at-record-levels-19-statistics-about-the-poor-that-will-absolutely-astound-you">extreme poverty</a> (6.7%) than has ever been measured before.</p>
<p><strong>38</strong>. Child homelessness in the United States is now <a title="33 percent" href="http://www.usatoday.com/news/nation/story/2011-12-12/homeless-children-increase/51851146/1" target="_blank">33%</a> higher than it was back in 2007.</p>
<p><strong>39</strong>. Since 2007, the number of children living in poverty in the state of California has increased <a title="by 30 percent" href="http://www.nbcbayarea.com/news/local/Millions-More-California-Children-Slip-into-Poverty-134842133.html" target="_blank">by 30%</a>.</p>
<p><strong>40</strong>. Sadly, <a target="_blank" title="child poverty" href="http://theeconomiccollapseblog.com/archives/child-poverty-in-america-is-absolutely-exploding-16-shocking-statistics-that-will-break-your-heart">child poverty</a> is absolutely exploding all over America.&nbsp; According to the National Center for Children in Poverty, <a title="36.4%" href="http://www.nccp.org/media/releases/release_136.html" target="_blank">36.4%</a> of all children that live in Philadelphia are living in poverty, <a title="40.1%" href="http://www.nccp.org/media/releases/release_136.html" target="_blank">40.1%</a> of all children that live in Atlanta are living in poverty, <a title="52.6%" href="http://www.nccp.org/media/releases/release_136.html" target="_blank">52.6%</a> of all children that live in Cleveland are living in poverty and <a title="53.6%" href="http://www.nccp.org/media/releases/release_136.html" target="_blank">53.6%</a> of all children that live in Detroit are living in poverty.</p>
<p><strong>41</strong>. Today, one out of every seven Americans is on food stamps and <a title="one out of every four" href="http://www.nytimes.com/2009/11/29/us/29foodstamps.html" target="_blank">one out of every four</a> American children is on food stamps.</p>
<p><strong>42.</strong> In 1980, government transfer payments accounted for just <a title="11.7%" href="http://www.businessinsider.com/america-middle-class-in-decline-2011-4#-9" target="_blank">11.7%</a> of all income. Today, government transfer payments account for <a title="more than 18 percent" href="http://www.businessinsider.com/america-middle-class-in-decline-2011-4#-9" target="_blank">more than 18%</a> of all income.</p>
<p><strong>43</strong>. A staggering <a title="48.5%" href="http://blogs.wsj.com/economics/2011/10/05/nearly-half-of-households-receive-some-government-benefit/" target="_blank">48.5%</a> of all Americans live in a household that receives some form of   government benefits. Back in 1983, that number was below 30%.</p>
<p><strong>44</strong>. Right now, spending by the federal government accounts for about <a title="24 percent" href="http://www.zerohedge.com/news/10-essential-fiscal-charts-demonstrating-americas-disastrous-condition" target="_blank">24%</a> of GDP. Back in 2001, it accounted for just 18%.</p>
<p><strong>45.</strong> For fiscal year 2011, the U.S. federal government had a budget deficit of <a title="nearly 1.3 trillion dollars" href="http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201110141417dowjonesdjonline000481&amp;title=us-runs-1299-trillion-budget-deficit-in-fiscal-2011" target="_blank">nearly 1.3 trillion dollars</a>. That was the third year in a row that our budget deficit has topped one trillion dollars.</p>
<p><strong>46</strong>. If Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit <a title="for 15 days" href="http://www.dailymail.co.uk/news/article-1390090/One-giant-debt-mankind-U-S-national-deficit-reach-moon-piled-high-5-bills.html" target="_blank">for about 15 days</a>.</p>
<p><strong>47</strong>. Amazingly, the U.S. government has now accumulated a total debt of <a title="15 trillion dollars" href="http://www.savingsbonds.gov/NP/BPDLogin?application=np" target="_blank">15 trillion dollars</a>. When Barack Obama first took office the national debt was just 10.6 trillion dollars.</p>
<p><strong>48</strong>. If the federal government began right at this   moment to repay the U.S. national debt at a rate of one dollar per   second, it would take <a title="over  440,000 years" href="http://theeconomiccollapseblog.com/archives/archives/17-national-debt-statistics-which-prove-that-we-have-sold-our-children-and-grandchildren-into-perpetual-debt-slavery" target="_blank">over 440,000 years</a> to pay off the national debt.</p>
<p><strong>49</strong>. The U.S. national debt has been increasing by an average of <a title="more than 4 billion dollars per day" href="http://www.cnsnews.com/news/article/obama-has-now-increased-debt-more-all-presidents-george-washington-through-george-hw" target="_blank">more than 4 billion dollars per day</a> since the beginning of the Obama administration.</p>
<p><strong>50.</strong> During the Obama administration, the U.S.   government has accumulated more debt than it did from the time that   George Washington took office <a title="to the time that Bill Clinton took office" href="http://www.cnsnews.com/news/article/obama-has-now-increased-debt-more-all-presidents-george-washington-through-george-hw" target="_blank">to the time that Bill Clinton took office</a>.</p>
</blockquote>
<h3>So Who&#8217;s To Blame?</h3>
<h4>Take A Look At The Federal Reserve</h4>
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<p>Since its inception, the Federal Reserve has been a perpetual debt machine that has almost single-handedly destroyed the value of the U.S. dollar!</p>
<h3>The Solution</h3>
<p>From The TEC website:</p>
<blockquote>
<p>&quot;One of the most important steps that we could take to bring   prosperity back to America would be to nationalize the Federal Reserve.&nbsp;   Doing so would allow the federal government to quit borrowing money,   dramatically reduce taxes and eventually pay off the entire U.S.   national debt.&nbsp; </p>
<p>Instead of inheriting the largest debt in the history of   the world, future generations would actually have a chance at economic   prosperity because they would not be forced to pay off the horrific debt   of previous generations.&nbsp; </p>
<p>There are no good reasons to keep the status quo.&nbsp; Our current   debt-based monetary system will inevitably lead to a complete and total   economic collapse.&nbsp; We desperately need to make a change while we still   can.&nbsp; As you will see below, there are a ton of good reasons why we   should nationalize the Federal Reserve.</p>
<p>Right now, most Americans believe that the Federal Reserve is   actually an agency of the federal government.&nbsp; But that is simply not   the case.&nbsp; </p>
<p>The truth is that the Federal Reserve is about as &quot;federal&quot;   as Federal Express is, and the Federal Reserve openly admits as much.&nbsp; </p>
<p>For example, in defending   itself&nbsp;against a Bloomberg request for information under the Freedom of   Information Act, the Federal Reserve stated in court that it&nbsp;was &quot;not an agency&quot; of the U.S. government and therefore not subject to the Freedom of Information Act&quot;.</p>
</blockquote>
<h3>So Who Owns The Federal Reserve?</h3>
<h4>According to <u><a href="http://www.federalreserve.gov/faqs/about_14986.htm" title="who owns the federal reserve" target="_blank">the Federal Reserve&#8217;s own website</a></u>, it is the member banks that own it.</h4>
<p> The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation&#8217;s central banking system, are organized much like private corporations&#8211;possibly leading to some confusion about &quot;ownership.&quot; For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.</p>
<h3>Will Obama Nationalize The Federal Reserve?</h3>
<h4><u>No chance!</u></h4>
<h3>So Who Might Do It?</h3>
<p>Well Obama&#8217;s replacement might, but even that&#8217;s not for sure because we don&#8217;t know who it will be; or if it will be.</p>
<p>But we do know however that the 2012 election will be one of the most important in US history.</p>
<p>So if you care about the US then make sure you vote, and be sure to vote Republican because with a Republican in the White House there&#8217;s a chance of positive change, but with Obama there&#8217;s none!</p>
<p>And if you want to know what the interest on Amreica&#8217;s debt is doing to our economy then checkout:</p>
<p> <a href="http://www.ourchangingglobe.com/forget-the-deficit-how-big-is-the-interest-on-our-debt/" title="interest on debt is America's problem" target="_blank" rel="bookmark"><u>Forget The Deficit! How Big Is The Interest On Our Debt?</u></a></p>
<p>Related posts:<ol>
<li><a href='http://www.ourchangingglobe.com/obama-a-lurch-from-shock-to-trance/' rel='bookmark' title='Obama &#8211; &#8220;A Lurch From Shock To Trance&#8221;.'>Obama &#8211; &#8220;A Lurch From Shock To Trance&#8221;.</a></li>
<li><a href='http://www.ourchangingglobe.com/obama-owns-the-economy-now/' rel='bookmark' title='Obama Owns The Economy Now'>Obama Owns The Economy Now</a></li>
<li><a href='http://www.ourchangingglobe.com/tarp-and-its-tentacles-could-end-up-costing-23-7-trillion/' rel='bookmark' title='Tarp And Its Tentacles Could End Up Costing $23.7 Trillion'>Tarp And Its Tentacles Could End Up Costing $23.7 Trillion</a></li>
</ol></p>]]></content:encoded>
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		<title>How To Fix Food Stamp, Medicaid And Gov Housing Problems</title>
		<link>http://www.ourchangingglobe.com/how-to-fix-food-stamp-medicaid-and-gov-housing-problems/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=how-to-fix-food-stamp-medicaid-and-gov-housing-problems</link>
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		<pubDate>Tue, 06 Dec 2011 11:33:07 +0000</pubDate>
		<dc:creator>Michael Redbourn</dc:creator>
				<category><![CDATA[2012]]></category>
		<category><![CDATA[depression]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[financial crisis]]></category>
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		<description><![CDATA[Free Democracy: Mr. Romney&#39;s Missing Details freedemocracy.blogspot.com12/6/11 Here&#39;s a reminder: It would cut food stamps by $127 billion, which would remove millions of people from the rolls during a downturn and cut the benefits of those who remain. Nearly two-thirds of Mr. Ryan&#39;s cuts affect low-income programs like Pell grants, housing subsidies and Medicaid. That&#39;s [...]
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<li><a href='http://www.ourchangingglobe.com/obamas-top-five-reelection-problems/' rel='bookmark' title='Obama&#8217;s Reelection Problems'>Obama&#8217;s Reelection Problems</a></li>
<li><a href='http://www.ourchangingglobe.com/what-does-obama-fear-the-most/' rel='bookmark' title='What Does Obama Fear The Most?'>What Does Obama Fear The Most?</a></li>
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<p><strong><a href='http://freedemocracy.blogspot.com/2011/12/mr-romneys-missing-details.html'>Free Democracy: Mr. Romney&#39;s Missing Details</a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://freedemocracy.blogspot.com/2011/12/mr-romneys-missing-details.html' /><span style= 'padding-left:10px'><a href='http://freedemocracy.blogspot.com/2011/12/mr-romneys-missing-details.html'>freedemocracy.blogspot.com</a></span><span style='padding-left:10px'>12/6/11</span></p>
<p>Here&#39;s a reminder: It would cut <em>food stamps</em> by $127 billion, which would remove millions of people from the rolls during a downturn and cut the benefits of those who remain. Nearly two-thirds of Mr. Ryan&#39;s cuts affect <em>low-income</em> programs like Pell grants, <em>housing</em> subsidies and <em>Medicaid</em>. That&#39;s never mentioned by Mr. Romney, who instead talks about big cuts to tiny programs that are wildly unpopular with the party base, like the national endowments, family planning <b>&#8230;</b></p>
<p><strong><a href='http://conservativebyte.com/2011/12/feds-raid-million-dollar-home-of-welfare-recipient-in-washington-state/'>Feds Raid Million Dollar <b>Home</b> of Welfare Recipient in Washington <b>&#8230;</b></a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://conservativebyte.com/2011/12/feds-raid-million-dollar-home-of-welfare-recipient-in-washington-state/' /><span style= 'padding-left:10px'><a href='http://conservativebyte.com/2011/12/feds-raid-million-dollar-home-of-welfare-recipient-in-washington-state/'>conservativebyte.com</a></span><span style='padding-left:10px'>12/5/11</span></p>
<p>I was in line behind a family that probably was <em>living</em> like the one in the article as they paid for almost $400 worth of food with <em>food stamps</em>. They had some <b>&#8230;</b> This is why Medicare and <em>Medicaid</em> is in deep $hit. People abusing <b>&#8230;</b></p>
<p>&nbsp;</p>
<hr />
<p>&nbsp;</p>
<p><a href="http://www.ourchangingglobe.com/wp-content/uploads/2011/12/how-to-get-food-stamps-and-more.jpg"><img class="alignleft size-full wp-image-4653" style="margin: 8px;" title="small-how-to-get-food-stamps-and-more" src="http://www.ourchangingglobe.com/wp-content/uploads/2011/12/small-how-to-get-food-stamps-and-more.jpg" alt="How to get something for nothing!" width="199" height="330" /></a></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>The following advice appeared in the Waco Tribune Herald on Nov 18, 2010</p>
<p><em>*I&#8217;d be happy to give a link to the article but only subscribers to the newspaper can view it.</em></p>
<p>It appeared under letters to the editor, and was written by a twenty one year old female.</p>
<p>It&#8217;s her future shes worried about and this is how she feels about the social welfare big government state that shes being forced to live in!</p>
<p style="clear: left;">
<h4 align="center"><strong>Fixing Social Security; Put me in charge of welfare, Medicare and housing grants!</strong></h4>
<blockquote>
<p>The problems we face today are there because the people who work for a living are outnumbered by those Who vote for a living!</p>
<p>Put me in charge of food stamps. I&#8217;d get rid of Lone Star cards; no cash for Ding Dongs or Ho Ho&#8217;s, just money for 50-pound bags of rice and beans, blocks of cheese and all the powdered milk you can haul away. If you want steak and frozen pizza, then get a job.</p>
<p>Put me in charge of Medicaid. The first thing I&#8217;d do is to get women Norplant birth control implants or tubal ligations. Then, we&#8217;ll test recipients for drugs, alcohol, and nicotine and document all tattoos and piercings. If you want to reproduce or use drugs, alcohol, smoke or get tats and piercings, then get a job.</p>
<p>Put me in charge of government housing. Ever live in a military barracks? You will maintain our property in a clean and good state of repair. Your &quot;home&quot; will be subject to inspections anytime and possessions will be inventoried. If you want a plasma TV or Xbox 360, then get a job and your own place.</p>
<p>In addition, you will either present a check stub from a job each week or you will report to a &quot;government&quot; job. It may be cleaning the roadways of trash, painting and repairing public housing, whatever we find for you. We will sell your 22 inch rims and low profile tires and your blasting stereo and speakers and put that money toward the common good..</p>
<p>Before you write that I&#8217;ve violated someone&#8217;s rights, realize that all of the above is voluntary. If you want our money, accept our rules.. Before you say that this would be &quot;demeaning&quot; and ruin their &quot;self esteem,&quot; consider that it wasn&#8217;t that long ago that taking someone else&#8217;s money for doing absolutely nothing was demeaning and lowered self esteem.</p>
<p>If we are expected to pay for other people&#8217;s mistakes w e should at least attempt to make them learn from their bad choices. The current system rewards them for continuing to make bad choices.</p>
<p>AND While you are on Govt subsistence, you no longer can VOTE! Yes that is correct. For you to vote would be a conflict of interest. You will voluntarily remove yourself from voting while you are receiving a Govt welfare check. If you want to vote, then get a job.</p>
</blockquote>
<hr />
<p>BTW &#8211; I personally think that the author of the book, &quot;How To Get Food Stamps, Welfare And Other Benefits&quot;, should be put in stocks and pelted with fruit and vegetables by all those that work for a living!</p>
<p>Related posts:<ol>
<li><a href='http://www.ourchangingglobe.com/more-than-eighty-reasons-why-obama-shouldnt-be-reelected/' rel='bookmark' title='More Than Eighty Reasons Why Obama Shouldn&#8217;t Be Reelected!'>More Than Eighty Reasons Why Obama Shouldn&#8217;t Be Reelected!</a></li>
<li><a href='http://www.ourchangingglobe.com/obamas-top-five-reelection-problems/' rel='bookmark' title='Obama&#8217;s Reelection Problems'>Obama&#8217;s Reelection Problems</a></li>
<li><a href='http://www.ourchangingglobe.com/what-does-obama-fear-the-most/' rel='bookmark' title='What Does Obama Fear The Most?'>What Does Obama Fear The Most?</a></li>
</ol></p>]]></content:encoded>
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		<title>Did Liberals Lose Their Self-Survival Instinct?</title>
		<link>http://www.ourchangingglobe.com/yes-it-seems-that-many-liberals-are-mentally-sick/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=yes-it-seems-that-many-liberals-are-mentally-sick</link>
		<comments>http://www.ourchangingglobe.com/yes-it-seems-that-many-liberals-are-mentally-sick/#comments</comments>
		<pubDate>Fri, 25 Nov 2011 15:31:02 +0000</pubDate>
		<dc:creator>Michael Redbourn</dc:creator>
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		<description><![CDATA[Occupy: the sad reality and the mad fantasies &#124; Sean Collins &#124; spiked www.spiked-online.com11/23/11 Occupy: the sad reality and the mad fantasies. Far from being clear-eyed, &#8230; Many liberals, especially liberal pundits in the major media outlets, present an idealized account of the Occupy protesters. Their vision of what the &#8230; Commentarama: Liberals to Obama: [...]
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<li><a href='http://www.ourchangingglobe.com/jon-huntsman-for-president/' rel='bookmark' title='Jon Huntsman For President?'>Jon Huntsman For President?</a></li>
<li><a href='http://www.ourchangingglobe.com/what-does-obama-fear-the-most/' rel='bookmark' title='What Does Obama Fear The Most?'>What Does Obama Fear The Most?</a></li>
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<p><strong><a href='http://www.spiked-online.com/index.php/site/article/11652/'>Occupy: the <b>sad</b> reality and the mad fantasies | Sean Collins | spiked</a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://www.spiked-online.com/index.php/site/article/11652/' /><span style= 'padding-left:10px'><a href='http://www.spiked-online.com/index.php/site/article/11652/'>www.spiked-online.com</a></span><span style='padding-left:10px'>11/23/11</span></p>
<p>Occupy: the <em>sad</em> reality and the mad fantasies. Far from being clear-eyed, <b>&#8230;</b> Many <em>liberals</em>, especially <em>liberal</em> pundits in the major media outlets, present an idealized account of the Occupy protesters. Their vision of what the <b>&#8230;</b></p>
<p><strong><a href='http://commentarama.blogspot.com/2011/11/liberals-to-obama-quit.html'>Commentarama: <b>Liberals</b> to Obama: “Quit!”</a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://commentarama.blogspot.com/2011/11/liberals-to-obama-quit.html' /><span style= 'padding-left:10px'><a href='http://commentarama.blogspot.com/2011/11/liberals-to-obama-quit.html'>commentarama.blogspot.com</a></span><span style='padding-left:10px'>11/22/11</span></p>
<p>That right there is why <em>liberals</em> lose wars, folks. <b>&#8230;..</b> A <em>liberal</em> friend of mine posted a letter to Obama about how he was <em>sad</em> that there wasn&#8217;t more done and how he was joining a moderate independent party instead. November <b>&#8230;</b></p>
<hr/>
<p>Many people told me over the years that many Liberals are mentally sick people, and I always thought that it was way over the top.</p>
<p>But having watched <a href="http://tinyurl.com/c9fx2vr" title="Mika Brzezinski fall apart on MSNBC" target="_blank">Mika Brzezinski fall apart on MSNBC</a> when Gingrich suggested that the &quot;OWS demonstrators get a job after taking a bath&quot;; and now having seen this Karen Finney video.</u></p>
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<p>I have come to the conclusion that many Liberals are definitely very sick people!</p>
<p>Man&#8217;s (or woman&#8217;s) most basic instinct is most likely survival, but they just don&#8217;t have it.</p>
<p>It seems that they lack something that every other animal on the planet has.</p>
<p>Gingrich wasn&#8217;t talking about &#8220;young kids&#8221;, but about the wasted money that goes to Universities that make money out of students striving for a degree that they will never use.</p>
<p>And about the time that those students waste, when they could otherwise be contributing to society.</p>
<p>In the foreseeable future, there will always be a need for people to do menial jobs; so why should these self-same people spend time and money at a University when they could be working.</p>
<p>And that was Gingrich&#8217;s point, but perhaps it was to difficult for Karen Finney to grasp.</p>
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		<title>Will Youths Blacks And Hispanics Desert Obama?</title>
		<link>http://www.ourchangingglobe.com/will-it-be-adios-obama-in-2012/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=will-it-be-adios-obama-in-2012</link>
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		<pubDate>Mon, 14 Nov 2011 18:32:38 +0000</pubDate>
		<dc:creator>Michael Redbourn</dc:creator>
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		<description><![CDATA[Early Jobs Projections Could Haunt Obama in 2012 &#8211; NYTimes.com thecaucus.blogs.nytimes.com11/4/11 Friday&#39;s tepid jobs report brings a fresh reminder of the stubborn difficulty President Obama and his team face in overcoming the argument that his administration has failed to address unemployment. Droves Of Democrats Balking On Obama 2012 &#124; Politicons politicons.net11/14/11 Radioactive Obama… Politico has [...]
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<p><strong><a href='http://thecaucus.blogs.nytimes.com/2011/11/04/early-economic-projections-could-haunt-obama-in-2012/'>Early Jobs Projections Could Haunt <b>Obama</b> in <b>2012</b> &#8211; NYTimes.com</a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://thecaucus.blogs.nytimes.com/2011/11/04/early-economic-projections-could-haunt-obama-in-2012/' /><span style= 'padding-left:10px'><a href='http://thecaucus.blogs.nytimes.com/2011/11/04/early-economic-projections-could-haunt-obama-in-2012/'>thecaucus.blogs.nytimes.com</a></span><span style='padding-left:10px'>11/4/11</span></p>
<p>Friday&#39;s tepid jobs report brings a fresh reminder of the stubborn difficulty President <em>Obama</em> and his team face in overcoming the argument that his administration has failed to address unemployment.</p>
<p><strong><a href='http://politicons.net/droves-of-democrats-balking-on-obama-2012/'>Droves Of Democrats Balking On <b>Obama 2012</b> | Politicons</a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://politicons.net/droves-of-democrats-balking-on-obama-2012/' /><span style= 'padding-left:10px'><a href='http://politicons.net/droves-of-democrats-balking-on-obama-2012/'>politicons.net</a></span><span style='padding-left:10px'>11/14/11</span></p>
<p>Radioactive <em>Obama</em>… Politico has a piece highlighting the droves of Democrats that are refusing to back <em>Obama</em> in <em>2012</em>. &#8230;</p>
<p><a href="http://www.ourchangingglobe.com/wp-content/uploads/2011/11/obama-egocentric.jpg"><img src="http://www.ourchangingglobe.com/wp-content/uploads/2011/11/obama-egocentric.jpg" alt="Is It Adios Obama In 2012?" title="obama-egocentric" width="460" height="288" class="aligncenter size-full wp-image-4400" /></a></p>
<p>Just one year from the 2012 election and President Obama is in an extremely perilous political situation. </p>
<blockquote>
<p>The poor economy he inherited hasn&#8217;t recovered and has most likely worsened.</p>
<p>Published unemployment is stuck above 9% with real unemployment being around 18.5%</p>
<p>Long-term unemployment is at record post-war levels. </p>
<p>The housing sector, where most people&#8217;s personal wealth was and is concentrated, remains mired in deep recession.</p>
<p>   The scandals surrounding Republican-led investigations into <u><a href="http://www.ourchangingglobe.com/the-collapse-of-solyndra-spells-trouble-for-obama/" title="solyndra" target="_blank">Solyndra</a></u> and <u><a href="http://www.ourchangingglobe.com/did-eric-holder-commit-perjury/" title="holder perjury" target="_blank">Operation Fast and Furious</a></u> are deepening.</p></blockquote>
<h3>Obama Had Overwhelming Majorities In Both Houses Of Congress</h3>
<p>Although the President had overwhelming majorities in both houses of Congress in his first two years, he has only two major legislative achievements to his credit: </p>
<blockquote>
<p>The stimulus bill.</p>
<p>And Obamacare. </p>
</blockquote>
<p>The stimulus bill  is generally perceived as having been worse than a total failure, because it&#8217;s perceived as having been motivated more by politics than economics, and because much of the $800 billion was directed towards public service union members and liberal causes; i.e. &quot;green energy&quot;, rather than real economic recovery.</p>
<p>Obamacare also remains deeply unpopular with the general public and is headed for the Supreme Court, which could well find its key provision unconstitutional next summer, just as the election gets into high gear.</p>
<h3>The Economy And America&#8217;s Status</h3>
<p>Budget deficits soared during the Obama years, with three trillion-dollar-plus deficits in a row. </p>
<p>And this has caused the national debt to swell to a level that, relative to GDP, has not been seen since the end of World War II and for the first time ever, the United States lost its AAA credit rating, which was a deep embarrassment for the country and also the administration.</p>
<h3>Obama&#8217;s Ratings</h3>
<p>So it shouldn&#8217;t be surprising that under these circumstances, that the President&#8217;s approval ratings have been in sharp decline, with some of his key supporting groups, including the youth and Hispanic voters to a greater or less degree abandoning him. </p>
<h3>Obama&#8217;s Re-electability</h3>
<p>No recent President was re-elected with unemployment above 7.8%, and that was in 1984, when unemployment was falling rapidly as a major economic boom accelerated.</p>
<h3>So What Happened?</h3>
<p>How did a man who three years ago won a higher percentage of both the popular and electoral vote than any Democratic presidential candidate since Lyndon Johnson&#8217;s landslide almost fifty years ago find himself fighting such uphill odds to keep the White House?</p>
<p>The answer to that seems to lie in the somewhat exceptional circumstances that existed during the 2008 election, and  Barack Obama&#8217;s personality which fitted the times.</p>
<p>In 2008, the American electorate was thoroughly tired of both the Bush administration and the Republican Party, which had lost its majority in Congress in 2006 for the first time in twelve years.</p>
<p>The Republican field of presidential candidates in 2008 was a weak one, with the eventual winner, Sen. John McCain of Arizona, widely perceived as being too old for the job.</p>
<p>So Obama, who was only forty seven years old, seemed in contrast, like a breath of fresh air. </p>
<p>He seemed personable, articulate (nobody had yet focused on his TelePrompTer) and he was the first ever bi-racial candidate for a major-party nomination with any serious chance of winning. </p>
<p>His biggest opposition was Sen. Hillary Clinton, the first woman candidate who also had a serious chance of winning, but she was already well known to the American people, having been First Lady for eight years; and she carried a lot of baggage from her husband&#8217;s administration.</p>
<p>Obama, in contrast, was a blank slate and to some extent still is because of the main stream media which is still protecting him.</p>
<h3><a href="http://www.ourchangingglobe.com/obama-and-the-missing-paper-trail/" title="obama hid his tracks" target="_blank"><u>Obama Hid His Tracks</u></a></h3>
<p>Obama only served a little over three years in the US Senate, where his record was thin, and he mostly voted &quot;present&#8221; rather than take a stand on issues.</p>
<p>Which we can now see was because he didn&#8217;t  want evidence that could later be used against him.</p>
<h3>How Obama Won</h3>
<p>The Obama campaign  used his lack of Washington experience to the fullest, much like Herman Cain is using his now.</p>
<p>They cultivated an image of a new kind of president, one who would cut through the old Washington merry-go-round of partisan bickering and special-interest pandering. </p>
<p>He would be post-partisan, a President who would throw the special-interest moneychangers out of the temple of the nation&#8217;s capital.</p>
<p>Obama&#8217;s biggest advantage in the 2008 election however, was that the mainstream media, failed to reveal any of his major negatives, such as having been and active member of the <a href="http://www.ourchangingglobe.com/obama-now-linked-to-far-left-new-party/" title="obama and the new party" target="_blank"><u>New Party (communist</u></a><u>)</u> and promoted all of his seeming positives; simply because it so desperately wanted to see an extreme left-wing, bi-racial candidate elected.</p>
<h3>So What Happened To Candidate Obama&#8217;s Promises?</h3>
<p>Running for President and being President, are two entirely separate matters however, and once in the White House a new Obama emerged, one who was quite different from the post-partisan, special-interest-bashing one. </p>
<p>What metamorphosed, was a hyper-liberal ideologue who attended to his special interests, such as labor unions, as assiduously as any other Washington politician had ever done before.</p>
<p>And what&#8217;s more, an arrogance and a rigidity that had not been seen in the candidate before, became increasingly evident, and expressed itself in such things as his State of the Union speech in January 2010, wherein he publicly criticized the Supreme Court, many of whose members were sitting in front of him for one of its decisions, which was totally  unprecedented behavior.</p>
<h3>Soon Gone Was The Bi-Partisanship</h3>
<p>&quot;I won the election&#8221;, he bluntly told Rep. Paul Ryan when the latter tried to negotiate regarding Obamacare, and it resulted in his two major pieces of legislation passing with almost no Republican votes in either house.</p>
<h3>The Tea Party</h3>
<p>What happened next was a groundswell of opposition to the Obama administration&#8217;s big spending ways which quickly became known as the Tea Party, and it&#8217;s something that Obama  naively or arrogantly ignored for too long.</p>
<h3>Obama Vainly Ignored The Clear Writing On The Wall</h3>
<p>Republican candidates did extremely well in the off-year elections of 2009, winning the governorships in both New Jersey and Virginia with control-the-spending campaigns, and even greater evidence of voters&#8217; dissatisfaction was when Scott Brown, who was a little known Republican,  won the special election to fill the Senate seat of Democratic icon Ted Kennedy in deep-blue Massachusetts in January, 2010.</p>
<h3>Obama Has Been Slow To Learn</h3>
<p>Obama simply made a few token political adjustments, and  in November, 2010, a tidal wave election gave decisive control of the House back to the Republicans and added seven Senate seats to their column, with Republicans also winning races for governor and state legislative seats across the width and breadth of the country.</p>
<p>Obama did admit that he had taken a shellacking, but he seems no more willing to change his ways than before because his latest plan to stimulate the economy is little different than his first one, and it has no chance of being enacted.</p>
<h3>Can Obama Win Reelection?</h3>
<p>Unlikely unless:</p>
<blockquote>
<p>The economy turns around.</p>
<p>The Republicans nominate another weak candidate, which is possible.</p>
<p>The Supreme Court upholds Obamacare, or avoids making a decision before the election.</p>
</blockquote>
<p>Obama&#8217;s biggest problem however seems to be that he&#8217;s totally egocentric and believes that his way is the only right way.</p>
<p>It&#8217;s highly unlikely that he&#8217;ll change, and increasingly likely that he&#8217;ll be a one term president, which is something that he said that he&#8217;d prefer.</p>
<blockquote>
<p>&quot;I&#8217;d rather be a really good one-term president than a mediocre two-term president&quot;.</p>
</blockquote>
<h4>And if that comes to be, then he&#8217;ll be able to say that he was right about that too!</h4>
<p>Related posts:<ol>
<li><a href='http://www.ourchangingglobe.com/more-than-eighty-reasons-why-obama-shouldnt-be-reelected/' rel='bookmark' title='More Than Eighty Reasons Why Obama Shouldn&#8217;t Be Reelected!'>More Than Eighty Reasons Why Obama Shouldn&#8217;t Be Reelected!</a></li>
<li><a href='http://www.ourchangingglobe.com/new-poll-confirms-obamas-democratic-base-is-crumbling/' rel='bookmark' title='New Poll Says Obama&#8217;s Base Is Crumbling'>New Poll Says Obama&#8217;s Base Is Crumbling</a></li>
<li><a href='http://www.ourchangingglobe.com/the-fundamentals-dont-favor-obama/' rel='bookmark' title='Obama&#8217;s Reelection Chances Don&#8217;t Look Good'>Obama&#8217;s Reelection Chances Don&#8217;t Look Good</a></li>
</ol></p>]]></content:encoded>
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		<title>Global Warming Reports Co-Authored By Students</title>
		<link>http://www.ourchangingglobe.com/students-co-authored-key-global-warming-reports/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=students-co-authored-key-global-warming-reports</link>
		<comments>http://www.ourchangingglobe.com/students-co-authored-key-global-warming-reports/#comments</comments>
		<pubDate>Fri, 11 Nov 2011 13:29:23 +0000</pubDate>
		<dc:creator>Michael Redbourn</dc:creator>
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		<description><![CDATA[William M. Briggs, Statistician » Global Warming, Asinine Science &#8230; wmbriggs.com11/11/11 Global Warming, Asinine Science Roundup. Published by Briggs at 7:01 &#8230; The burden of proof still necessarily lies with Trenberth to show how much warming, and what will happen as a consequence. To insist otherwise is to &#8230; Can Anthropogenic Global Warming Be Non-Catastrophic? [...]
Related posts:<ol>
<li><a href='http://www.ourchangingglobe.com/climategate-2-the-new-global-warming-scandal/' rel='bookmark' title='ClimateGate 2 &#8211; The New Global Warming Scandal!'>ClimateGate 2 &#8211; The New Global Warming Scandal!</a></li>
<li><a href='http://www.ourchangingglobe.com/nobel-prize-winning-physicist-resigns-over-global-warming/' rel='bookmark' title='Nobel Prize-Winning Physicist Resigns Over Global Warming'>Nobel Prize-Winning Physicist Resigns Over Global Warming</a></li>
<li><a href='http://www.ourchangingglobe.com/more-global-warming-scamming-at-durban/' rel='bookmark' title='More Global Warming Scamming At Durban'>More Global Warming Scamming At Durban</a></li>
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<p><strong><a href='http://wmbriggs.com/blog/?p=4669'>William M. Briggs, Statistician » <b>Global Warming</b>, Asinine Science <b>&#8230;</b></a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://wmbriggs.com/blog/?p=4669' /><span style= 'padding-left:10px'><a href='http://wmbriggs.com/blog/?p=4669'>wmbriggs.com</a></span><span style='padding-left:10px'>11/11/11</span></p>
<p><em>Global Warming</em>, Asinine Science Roundup. Published by Briggs at 7:01 <b>&#8230;</b> The burden of proof still necessarily lies with Trenberth to show how much warming, and what will happen as a consequence. To insist otherwise is to <b>&#8230;</b></p>
<p><strong><a href='http://theenergycollective.com/charlesbarton/68505/can-anthropogenic-global-warming-be-non-catastrophic'>Can Anthropogenic <b>Global Warming</b> Be Non-Catastrophic? | The <b>&#8230;</b></a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://theenergycollective.com/charlesbarton/68505/can-anthropogenic-global-warming-be-non-catastrophic' /><span style= 'padding-left:10px'><a href='http://theenergycollective.com/charlesbarton/68505/can-anthropogenic-global-warming-be-non-catastrophic'>theenergycollective.com</a></span><span style='padding-left:10px'>11/9/11</span></p>
<p>The denial of Catastrophic Anthropogenic <em>Global Warming</em> is the latest right-wing front in its attack on climate science.</p>
<hr />
<a href="http://www.ourchangingglobe.com/wp-content/uploads/2011/11/climate-change-2007.jpg"><img src="http://www.ourchangingglobe.com/wp-content/uploads/2011/11/climate-change-2007.jpg" alt="Grad Students Co-Authored Key Global Warming Reports!" title="climate-change-2007" width="300" height="398" class="aligncenter size-full wp-image-4391" /></a></p>
<p>A harshly critical new expose on the U.N.&#8217;s Intergovernmental Panel of Climate Change claims that reports were often written by graduate students with either little, or no experience in the field.</p>
<p style="clear: left;">
<p>And it added that their efforts, </p>
<blockquote>
<p>&quot;would more often that not, have been barely enough to satisfy grad school requirements&quot;.</p>
</blockquote>
<h3>Is It Common For Grad Students to Co-Author Scientific Papers?</h3>
<p>Yes it is, because grad students often co-author scientific papers to help with the laborious task of writing. </p>
<h3>So What&#8217;s The Problem?</h3>
<p>The problem is simple. </p>
<p>Such papers are rarely the cornerstone for trillions of dollars worth of government climate funding, and neither do they win Nobel Peace prizes!</p>
<p>Canadian journalist Donna Laframboise said.</p>
<blockquote>
<p>&quot;We&#8217;ve been told for the past two decades that, &#8216;the Climate Bible&#8217; was written by the world&#8217;s foremost experts, but the fact is, you are just not qualified without a doctorate. In academia you aren&#8217;t even on the radar at that point&quot;.</p>
</blockquote>
<p>Released just this month (November 2011), Laframboise&#8217;s book, &#8220;The Delinquent Teenager Who Was Mistaken for the World&#8217;s Top Climate Expert&quot;, names nearly half a dozen lead authors involved in the IPCC&#8217;s reports over the years who were barely out of college when tapped to author the final word on the effects of climate change:</p>
<blockquote>
<p> *One lead author of the 2001 edition was a trainee at the Munich Reinsurance Company in 2000 and lacked a master&#8217;s degree while on the panel. He did not earn a Ph.D. until ten years later.</p>
<p> *Another lead author in 1994 earned his master&#8217;s only two years earlier and had his first academic paper published in 1995.</p>
<p>* An Australian academic was an assistant author in 2001 and a lead author in 2007, despite not earning her Ph.D. until 2009.</p>
<p>* Dutch geography professor Richard Klein has been a lead author for six IPCC reports and in 1997 became a coordinating lead author. He was promoted to the panel’s most senior role while he was 28 years old , which was six years prior to completing his PhD.</p>
</blockquote>
<p><strong>And Laframboise claims in her book that, </strong></p>
<blockquote>
<p>&quot;Neither [Klein's] youth nor his thin academic credentials prevented the IPCC from regarding him as one of the world&#8217;s top experts.</p>
</blockquote>
<h3>Klein&#8217;s Response?</h3>
<p>Klein confirmed by email that he was twenty four when he was selected to author a portion of the report that would shape the world&#8217;s climate policy.</p>
<blockquote>
<p>&quot;I am happy to leave it to others to reflect on the fact that I was twenty four when I was lead author of an IPCC chapter for the first time, and that it was two years after I did a three-month work placement at Greenpeace&quot;.</p>
</blockquote>
<h3>Age Is Not The Problem</h3>
<p>Many prodigies have done great things at a very young age.</p>
<p>The problem here is that none of the students, to the best of my knowledge have so far astounded the world with their brilliance, and Klein&#8217;s experience was based on a three month spell of indoctrination by Green Peace.</p>
<p><em>&quot;Indoctrination&quot;?</em></p>
<p>Well it would be pretty hard to imagine that GreenPeace offers its &quot;placements&quot; an unbiased viewpoint; wouldn&#8217;t it?</p>
<p>Related posts:<ol>
<li><a href='http://www.ourchangingglobe.com/climategate-2-the-new-global-warming-scandal/' rel='bookmark' title='ClimateGate 2 &#8211; The New Global Warming Scandal!'>ClimateGate 2 &#8211; The New Global Warming Scandal!</a></li>
<li><a href='http://www.ourchangingglobe.com/nobel-prize-winning-physicist-resigns-over-global-warming/' rel='bookmark' title='Nobel Prize-Winning Physicist Resigns Over Global Warming'>Nobel Prize-Winning Physicist Resigns Over Global Warming</a></li>
<li><a href='http://www.ourchangingglobe.com/more-global-warming-scamming-at-durban/' rel='bookmark' title='More Global Warming Scamming At Durban'>More Global Warming Scamming At Durban</a></li>
</ol></p>]]></content:encoded>
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		<title>Why is US Funded Electric Car Being Built In Finland!</title>
		<link>http://www.ourchangingglobe.com/government-funded-electric-car-being-built-in-finland/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=government-funded-electric-car-being-built-in-finland</link>
		<comments>http://www.ourchangingglobe.com/government-funded-electric-car-being-built-in-finland/#comments</comments>
		<pubDate>Sat, 22 Oct 2011 07:36:52 +0000</pubDate>
		<dc:creator>Michael Redbourn</dc:creator>
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		<description><![CDATA[Fisker in Finland: ABC News Uncovers Another Obama Green &#8230; carspike.com10/21/11 RUSH: ABC News has a huge story here, and it cannot get any traction. And the reason it cannot get any traction is because Obama and Biden are running around. Fisker, electric carmaker backed by $529 million US loan, balks at Solyndra &#8230; &#8211; [...]
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<li><a href='http://www.ourchangingglobe.com/jon-huntsman-for-president/' rel='bookmark' title='Jon Huntsman For President?'>Jon Huntsman For President?</a></li>
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<li><a href='http://www.ourchangingglobe.com/whats-the-tax-debate-all-about/' rel='bookmark' title='What&#8217;s The Tax Debate All About?'>What&#8217;s The Tax Debate All About?</a></li>
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<p><strong><a href='http://carspike.com/fisker-in-finland-abc-news-uncovers-another-obama-green-energy-scandal/'><b>Fisker</b> in <b>Finland</b>: ABC News Uncovers Another Obama Green <b>&#8230;</b></a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://carspike.com/fisker-in-finland-abc-news-uncovers-another-obama-green-energy-scandal/' /><span style= 'padding-left:10px'><a href='http://carspike.com/fisker-in-finland-abc-news-uncovers-another-obama-green-energy-scandal/'>carspike.com</a></span><span style='padding-left:10px'>10/21/11</span></p>
<p>RUSH: ABC News has a huge story here, and it cannot get any traction. And the reason it cannot get any traction is because Obama and Biden are running around.</p>
<p><strong><a href='http://news.google.com/news/url?sa=t&#038;fd=R&#038;usg=AFQjCNGvEbJXntD3rGFKqEZ_FF9KsbZ6QQ&#038;url=http://www.washingtonpost.com/politics/fisker-electric-carmaker-backed-by-529-million-us-loan-balks-at-solyndra-comparison/2011/10/20/gIQA6kHt4L_story.html'>Fisker, electric carmaker backed by $529 million US loan, balks at Solyndra &#8230; &#8211; Washington Post</a></strong></p>
<p><img style='vertical-align: middle' src='http://g.etfv.co/http://news.google.com/news/url?sa=t&#038;fd=R&#038;usg=AFQjCNGvEbJXntD3rGFKqEZ_FF9KsbZ6QQ&#038;url=http://www.washingtonpost.com/politics/fisker-electric-carmaker-backed-by-529-million-us-loan-balks-at-solyndra-comparison/2011/10/20/gIQA6kHt4L_story.html' /><span style= 'padding-left:10px'><a href='http://news.google.com/news/url?sa=t&#038;fd=R&#038;usg=AFQjCNGvEbJXntD3rGFKqEZ_FF9KsbZ6QQ&#038;url=http://www.washingtonpost.com/politics/fisker-electric-carmaker-backed-by-529-million-us-loan-balks-at-solyndra-comparison/2011/10/20/gIQA6kHt4L_story.html'>news.google.com</a></span></p>
<p><img style='float: left; padding-right:10px' src='http://nt2.ggpht.com/news/tbn/4ozXHaR7zH5dFM/6.jpg' /><span>Mother Nature Network (blog)Fisker, electric carmaker backed by $529 million US loan, balks at Solyndra &#8230;Washington PostThis week, Fisker delayed until 2013 the production of the moderately priced family car it plans to build in Delaware. It also l &#8230;</span></p>
<hr />
<p>ABC News just reported that an electric car company that received a $529 government loan is now manufacturing the cars overseas. </p>
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<p>Vice President Joseph Biden heralded the Energy Department&#8217;s $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. </p>
<p>But two years after the loan was announced, it&#8217;s been revealed that the cars are being assembled in Finland. </p>
<p>So why is that?</p>
<p>Henry Fisker says:</p>
<blockquote>
<p>&quot;There was no contract manufacturer in the U.S. that could actually produce our vehicle. They don&#8217;t exist here&quot;.</p>
<p>&quot;The U.S. money has been spent on engineering and design work that stayed in the U.S. and not on the 500 manufacturing jobs that went to a rural Finnish firm, Valmet Automotive&quot;. </p>
<p>&quot;We&#8217;re not in the business of failing; we&#8217;re in the business of winning. So we make the right decision for the business. That&#8217;s why we went to Finland&quot;.</p>
</blockquote>
<p>The loan to Fisker was part of a $1 billion bet the Energy Department made on two politically connected California-based electric car-makers producing sporty and very pricey cutting-edge autos. </p>
<p>Fisker Automotive, backed by a powerhouse venture capital firm whose partners include former Vice President Al Gore, predicts it will eventually be churning out tens of thousands of electric sports sedans at the shuttered GM factory it bought in Delaware. </p>
<p>And Tesla Motors, whose prime backers include PayPal mogul Elon Musk and Google co-founders Larry Page and Sergey Brin, says it will do the same in a massive facility tooling up in Silicon Valley. </p>
<p>This scandal coming on the heels of several other failed loans to companies such as <a href="http://www.ourchangingglobe.com/the-collapse-of-solyndra-spells-trouble-for-obama/" title="solyndra" target="_blank"><u>Soyndra</u></a> is very bad and very embarrassing news for the Obama administration.</p>
<p>Related posts:<ol>
<li><a href='http://www.ourchangingglobe.com/jon-huntsman-for-president/' rel='bookmark' title='Jon Huntsman For President?'>Jon Huntsman For President?</a></li>
<li><a href='http://www.ourchangingglobe.com/how-many-illegals-are-in-the-us-and-what-is-the-cost/' rel='bookmark' title='How Many Illegals Are In The US And What Is The Cost?'>How Many Illegals Are In The US And What Is The Cost?</a></li>
<li><a href='http://www.ourchangingglobe.com/whats-the-tax-debate-all-about/' rel='bookmark' title='What&#8217;s The Tax Debate All About?'>What&#8217;s The Tax Debate All About?</a></li>
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