Obama: Incoherent and Incompetent or Architect of American Downfall?

It is difficult to decide which is greater: Obama’s incoherence or his incompetence.

When it has become obvious to all but the brain-dead that the massive spending and swelling debt are a recipe for economic disaster, Barack Obama is now saying that perhaps massive debt may result in a “double-dip recession“.

“I think it is important, though, to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession.”

Really Barack?  Did you think of that all by yourself or did you need your heros in Socialist China to tell you that your economic policies are failures?

Now Barack Obama says he is considering “tax provisions”, whatever that means, but what is Obama doing?

The ink was literally not even dry on Obama’s first failed Socialist Stimulus and he was already talking about a second one.  Now the Socialist/Democrats are following through on a bill for a second dose of disaster.

Furthermore, Obama’s budget for October 2009, the first month of the Federal Government’s new fiscal year, was a $176B deficit, the largest ever and that was only the first month.  Obama’s spending for his first year was also a record as was the deficit he created at $1.4T.

There are only two possible explanations

1. Barack Obama is so incompetent and incoherent that he is making every possible mistake there is to be made
2. Barack Obama is very focussed and has a well planned agenda to destroy the value of the US$, bringing the US economy and most of the world’s economies down with it, driving every nation towards a single global currency and forcing everyone to live under one government and at the same level of poverty.

Given Barack Obama’s statements, those of his wife and their associations with, socialists and anti-American terrorists it is clear that Obama is an extreme socialist and has no intention of seeing Americans have any form of personal freedom or seeing America succeed economically.

Is Obama incoherent and incompetent?  For that to be true one would have to make one assumption: Obama want’s Americans to be free and succeed.  That of course is not the case.  Obama is neither incoherent or  incompetent. 

When Obama tells you that his actions are destroying the US and proceeds to redouble those efforts he could not be more transparent about his real intentions.

Barack Obama poses the single greatest threat to Americans, their freedoms, their future and the success of the US.

Why You Should Be Happy About Obama’s “Jobs Summit”

Barack Obama has announced a “jobs summit” which is code for “do nothing”.  This is just another opportunity for Obama to get himself infront of the swooning media who love him so and act as if he is actually doing something.

Isn’t Obama the messiah who had all the solutions?  Didn’t he promise that his Socialist Stimulus would fix everything if only it were rushed through?  So if he is so cock-sure about what to do, why does he need a summit and why now?

Every action Obama has undertaked regarding the economy has resulted in massive spending, increased deficits, increased debt, debasing the dollar, loss of individual freedoms, and increasing unemployment.  

With Thanksgiving coming up, Americans should be thankful than Obama is going to talk about doing something rather than actually doing something.

41% Believe Obama Will Increase Taxes

According to Rasmussen, 41% of Americans believe that Obama will increase their taxes.  Ten percent are completely irrational and believe that taxes will go down and the remaining 38% who believe their taxes will stay the same have not been able to connect the dots.

Here are a few of the ways Obama will raise taxes on everyone.

1. The Socialist Stimulus: That was financed by deficit spending, in other words, loans that have interest payments.  Who exactly do people think are going to make those interest payments?  The government?  Where do they think the government is going to get the money?  The government will be forced to raise taxes.  The Socialist Stimulus also spends money that would not otherwise be spent and thus drives prices up.  That is an inflationary tax.
2. Obama’s monetary policy: Obama is destroying the value of the dollar by increasing the national debt and printing money wildly.  This means that every dollar is worth less which means that the purchasing power of every American is reduced.  That is an inflationary tax.  The hidden trap is that people will get paid more because of inflation but not enough to keep pace with inflation and over time they will find themselves in a higher tax bracket and be paying more taxes despite the fact that their real purchasing power has been going down.  Furthermore, as the dollar loses value people around the world lose confidence and begin to dump it like India did in its recent purchase of gold.  This will rapidly accelerate the demise of the dollar.
3. Obama’s “cap and tax”: This will, according to everyone including Obama, raise the cost of electricity to the levels seen by CA.  Electric bills will triple or more.  This is a hidden tax on Americans.
4. Obamacare: Obamacare has buried in its 2,000 pages hundreds of billions of dollars in new taxes on individuals and businesses.  The taxes on businesses will result in higher prices charged to consumers.  That is an inflationary tax.
5. Payroll taxes: These taxes hit businesses directly but impact individuals as businesses raise prices in order to stay profitable.  This is an indirect tax.

Those are only a few of the ways that Obama and the Socialist/Democrats either have already, or intend to raise taxes on everyone and we have not even gotten to the inevitable situation where the actions of Obama and the Socialist/Democrats have so crippled the economy that the taxes they anticipated fall short and they have no other recourse than to raise the individual marginal rates.

This is a well orchestrated plan to drive the US into economic collapse and weaken Americans to the point such that government takeover of every aspect of their lives becomes not only easier but even desired by people who have lost all sense of reason and cling to an irrational and desperate hope that the government will save them.

It is massive corruption in an effort to change the US into a failed socialist state like Cuba, Venezuela, India, the USSR, East Germany, North Korea or even China.  Notice that China has only begun to find economic success in direct proportion to the degree it has adopted free market practices and abandoned socialism.

This is all happening before your eyes and you had better think very carefully before you cast your votes in 2010.

Barney Frank’s Credit Card Solution

The Democrats of the socialist government are clammoring for tougher credit card rules.

Barney Frank, the chair of the House Financial Services Committee says he will fix everything. 

Does it strike anyone as sadly ironic if not angering that the government who has bankrupted Americans to the tune of $10T and decided that the solution was to spend more than they have ever spent before by miles and run the debt to $12T, is telling Americans how they should manage their finances?

Fix everything for who?  For the people who are good and responsible Americans and pay their debts and bills on time?  Of course not, these people do not need “protection”.

Who is being protected?  Barney Frank and the Democrats.  Of course.  They are pursuing all of these socialists programs because they steal from a few and bribe the many with it, minus a percentage for themselves of course.

And how is Frank going to steal from responsible Americans with this regulation of banks?  If banks are told how much money they can charge for one kind of service which in this case is extending credit to people who do not honor their obligations by paying their bills, the banks will be forced to charge more for other things.  The banks will then do things like forcing everyone to pay fees for their credit cards and introducing other fees for services. 

And why not believe him when his list of accomplishments includes presiding over the total collapse of Fannie and Freddie and dragging down the US and other national economies into the worst recession in 80 years.

The socialists solution to the problems they create is always the same: more socialism.

The net effect of this is similar to all other socialist programs: responsible Americans are being forced to pay for people who don’t honor their obligations. 

Perhaps that another reason why Democrats like Frank and the socialists feel such a kinship for each other: neither one honors their obligations and both demand that you pick up the check.