The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label president obama. Show all posts
Showing posts with label president obama. Show all posts

Tuesday, August 4, 2015

Obamanomics: Raise energy prices, kill American industry, and subsidize bankrupt foreign green energy companies

Remember Solyndra, Fisker Automotive, Evergreen Solar and 31 other green energy companies Barack Obama subsidized with billions in taxpayer money during his administration that have turned out to be either insolvent, or collapsed into bankruptcy?  Well, we can add another to this list, and just one day after Obama raised the bar on his Clean Power Plan that has accomplished two things during his administration…
The raising of energy prices for American consumers, and the killing off of U.S. industries in the coal sector.
On Aug. 4, President Obama’s growing ‘list’ added a foreign green energy company to the roles of taxpayer subsidized bailouts, and one that like the others, is headed to the scrapheap of insolvency.
 
Read more on this article here...

Tuesday, July 21, 2015

President Obama goes after those on Social Security with 21st century ‘Poll Tax’ to own a gun

In the beginning of America’s history, voting rights were initially restricted to landowners and those able to afford to pay a ‘poll tax’.  This of course kept many legitimate Americans from being able to vote and left elections only in the hands of those who were considered both productive, and who had a stake in protecting their own property rights.
It wasn’t until the 20th century when the 24th Amendment was passed that eliminated poll taxes, and opened the door for all Americans over the age of 18 to be allowed to vote.
But for President Obama, many Democrats, and a whole slew of liberals, one of their most important agendas is for draconian gun control and the removal of firearms from the hands of the citizens.  And where before the Supreme Court trumped un-Constitutional laws in locations like Chicago, New York, and Washington D.C., the Obama administration is once again trying to a new tactic, only this one involves a new 21st century form of a ‘poll tax’ dedicated towards those Americans who are disabled, veterans, and those on the government dole receiving benefits such as social security.
 
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Friday, May 8, 2015

UN reveals that not only would TPP trade agreement end middle class, but it will harm human rights across the globe

On May 6, a Senior official with the United Nations (UN) declared that the Trans-Pacific Partnership (TPP) would provide corporations unlimited power over nations and peoples, and give them cause to violate human rights across the globe in the pursuit of profit.
The Trans-Pacific Partnership is a secret trade agreement being forged by the United States government at the behest of multi-national corporations, and is already being deemed by some to be the catalyst for the end of the Middle Class as we know it.
 
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Monday, April 20, 2015

Obama denies China’s right to determine laws for future of global economy

Despite the resounding rejection of the U.S. and the West’s monetary institutions by 57 major economies earlier this month, President Obama is choosing to double down on the failing empire by stating that it is America, not China, who should determine the future of the global economic system and write the laws that will function in the next monetary system.  In fact, the President’s strong words come at a time when his administration is trying to push through a new Trans-Pacific Partnership (TPP) that will give unprecedented power to multi-national corporations, and seek to put sovereign economies under the authority of private institutions.



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Tuesday, April 22, 2014

Obama recovery? Just don’t check with retail stores for the answer

Last week it was discovered that Democratic campaign advisers were issuing warnings to candidates seeking office during the 2014 elections.  That warning was to not talk about, or use the term, ‘economic recovery‘, as surveys showed that the American people no longer believe the spin and rhetoric coming from the primary party in power.
This week however, we are seeing more valid information as to why, and on Monday, Credit Suisse announced that retail store closures are surging, and are showing numbers double the store closings in the same period last year.
 
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Friday, March 14, 2014

Terrorist sympathizer hiding as executive in Obama’s I.R.S.

Move over Muslim Brotherhood, for President Obama has found an upgrade.  In a shocking new discovery, a terrorist sympathizer and abettor for Al Qaeda has been found to be working within the Internal Revenue Service (IRS) as a Financial Management Analyst for the Deputy Chief Financial Officer.
While the Internal Revenue Service was investigating Tea Party patriots in the run-up to last year’s presidential election, it dispensed with basic background checks and hired a convicted Islamist traitor as a high-level official.



Read more on this article here...

Wednesday, January 29, 2014

Obama wants everyone to invest in government debt as their retirement

As we sit hours away from President Obama’s fifth State of the Union address, a new proposal that will be offered by the President tonight has been leaked to the public.  Sometime during his speech, Barack Obama will offer Americans the chance to save for their retirements not with equities, gold, or real estate, but with government debt… just as his administration has already done by moving Federal employee retirements into the same.



Read more on this article here...

Friday, November 30, 2012

President Obama and Congress discuss tax measure that would kill housing recovery

With the lack of fortutude by both Congress and the President to address their fiscal households over the past four years, the standard paradigm of wait until the last minute and legislate some draconian budget that will accomplish little, and hurt the majority of Americans, is staring them in the face.  With the proverbial 'fiscal cliff' just one month away from dropoff, the low IQ men and women who represent 310 Americans are putting tax cut issues on the table that would devastate not only the housing recovery, but nearly every homeowner in the country.

On Nov. 29, Congress and the White House began looking at the removal of the mortgage interest deduction for taxpayers who own a home, and believe it could be a low impact measure to save revenues towards cutting the deficit.



Of all the deductions woven into the sprawling U.S. tax code, few have been more fiercely guarded than the enormous tax break that lets homeowners deduct the interest they pay on their mortgages.

But as Congress and the White House negotiate the first major rewrite of tax laws in decades, changing the generations-old mortgage-interest deduction — which costs the government roughly $100 billion a year — has gone from far-off possibility to part of the conversation. - Washington Post

Congress passed the home mortgage interest deduction as a means to help Americans buy affordable housing, and create jobs and economic growth through construction and all the industries tied to home buying.  By removing this long standing deduction, not only would it add an average of $5000 to the tax burden of most homeowners, but it would take away a key selling point for realtors in offering home buying vs renting as an option.


Tuesday, August 7, 2012

Buy women with your rewards points on Citi credit card

While we at the Daily Economist think this was an error in coding, the fact of the matter is, Citi financial institution has taken rewards points to the next level.  In a recent survey to customers, one of the answer selections on where you would spend your rewards points includes the most interesting choice of:

Women.


Courtesy of Josh Zumbrum via Zerohedge

Whether choosing 'women' with your rewards points is an actual incentive to spend more money on your credit card is a debate for someone else, but the real question that must be asked is what KIND of women would you use rewards points for?

Wife, girlfriend, escort, blowup facsimile...

To that end, we will leave to the cardholder and ponder how long until Citi gets usurped by President Obama's presidential campaign and seeks people to use their rewards points on him.

Wednesday, February 1, 2012

It must be election season as Obama brings out another fail mortgage program

Here we go again.  The Housing markets is still in freefall, and foreclosures are going to accelerate in 2012 as judicial rulings against homeowners in late 2011 open the door for the banks to take property without a note.  So what does President Obama choose to do about this for the American people?

Wait for it...

A new mortgage refinance program.

Yes, President Obama will seek to institute his third refinance program in three years, and like the other two his administration produced, the results will again be an Epic Fail.

In his State of the Union address, President Obama laid out a Blueprint for an America Built to Last, calling for action to help responsible borrowers and support a housing market recovery. While the government cannot fix the housing market on its own, the President believes that responsible homeowners should not have to sit and wait for the market to hit bottom to get relief when there are measures at hand that can make a meaningful difference, including allowing these homeowners to save thousands of dollars by refinancing at today’s low interest rates. - White House.gov


We hesitate to count off all the ways this new program is meaningless and will accomplish little for the American people who still own property that is worth less than they owe on it.  However, the most important thing to remember is:

Interest rates have been at historic lows for three years, and those that could refinance, did refinance.  Those that could not, did not.

The only way the government and the President could help the American people is to do what President Bush should have done in 2008 during the credit crisis... pay off most of the real estate debt, and mortgages to the banks.  This would have seriously helped people keep thier homes, while at the same time, infused trillions of dollars into the insolvent banks.  But of course we know that the Fed and taxpayers simply gave trillions to the banks, bypassing the American consumer, and they still were foreclosed upon by these institutions.

Three to four years after the crash of the Housing bubble will do little to really help those who are having trouble paying their mortgages.  The government can say and do all they want, but the banks are not lending, they are not refinancing, and no government program, without the power to punish banks that do not participate, is simply campaign rhetoric, for which President Obama is the master of.

Wednesday, January 11, 2012

President Obama ready to ask Congress to raise debt ceiling within days

Over the Christmas holiday, President Obama tried to downplay the need to call upon Congress for a raising of the debt ceiling, only to pull back the request.  That delay appears to have only lasted two weeks as once again news is coming out that Obama plans to submit to Congress a request to add to the nations debt just five months after the debt ceiling showdown.

Obama may seek to raise debt ceiling again just five months after vote

And as The Hill reported yesterday, Obama is expected to request that Congress allow the incremental and final $1.2 trillion debt expansion (of the $2.1 trillion total) within a few days. So it is all on autopilot right? Wrong. As Bank of America explains below, it is very likely that the US will not have a debt ceiling hike for at least a few weeks, meaning that while a debt hike will ultimately come, it will very soon be all the song in dance, potentially overtaking the GOP drama, coupled with the pillaging of government retirement accounts yet again and likely leading to more rating agency action as the US debt fiasco is once again brought front and center. - Zerohedge

Ironically, any publicity about raising the debt ceiling may actually help Presidential candidate Ron Paul, as it will give him ammunition in his debates and stump speeches that the government, no matter who is in office, is completely out of control and bankrupt.

Monday, November 14, 2011

Congress caught profiting on insider trading according to 60 minutes expose

How would you like to not only be allowed to invest on insider information, but in many cases, create the news and policies that benefit your investments?  This is exactly what many in Congress, including Nancy Pelosi and members of both parties appear to have been doing for years based on an illegal bill Congress passed a while back exempting themselves from insider trading laws.



Is it any wonder why they have yet to pass any spending cuts in the Super Congress yet?  Or that President Obama can get away with paying off friends and donors with lucrative loans and contracts like Solyndra, without any oversight?

While your 401K sinks in the markets, Congress happily makes themselves 9-15% return on their money... thanks to their own inside information.

Tuesday, November 8, 2011

Obama and MF Global: Corzine prosecution improbable as President has fundraiser with insider

With the growing scandal for Job Corzine grows in his work at bankrupt MF Global, the question of whether the Obama Administration would actually seek prosecution against his former campaign contributer seemed unlikely despite the growing evidence.

Now it almost appears improbable.  Especially with the news that after the bankruptcy hit last week, President Obama is holding a fundraising dinner at the behest of the primary lawyer for the MF Global bankruptcy.

Monday night, Obama will attend a private fundraiser hosted by Dwight Bush, president of Urban Trust Bank, and his wife Antoinette, a partner at the international law firm Skadden, Arps, Slate, Meagher, and Flom. Skadden is the firm hired to handle the bankruptcy of MF Global, the large Wall Street firm headed by Jon Corzine, former governor of New Jersey and a strong ally of President Obama.
Tickets for the event are at least $17,900 per person.
 The Center for Responsive Politics calls Skadden “a clearinghouse for donors to the Democratic Party.” - Daily Caller

Hey Occupy Wall Street... it's about time to move over to 1600 Pennsylvania Avenue if you truly want to find the 1%er who is keeping the rich safe and secure from the same justice system that puts you in jail.