Poll: Obama Is Taking America In The Wrong Direction

Barack Obama

According to a prominent poll released this week, most Americans believe, U.S. President, Barack Obama, is moving the nation in the wrong direction. President Obama's economic policies leave much to be desired. It is not a winning recipe for success and regrettably, America is finding this out the hard way, as the unemployment crisis rolls on at a terrible rate.

However, the President is determined to stick to the current course of action he has chosen, despite the fact it is not working. Former President Bush destroyed the U.S. economy, but Obama has been unable to fix it, due to his political plans creating unintended side effects.

President Obama needs to press the brakes on the heavy spending, as he is creating a situation that will have negative consequences for many years in the debt department. Sadly, the President is not attuned with the people, in regards to the populace's wishes for America.

STORY SOURCE

Poll: US Going In Wrong Direction

Obama's Approval Rating Among Independent Voters Drops

Growing number of Americans see country on wrong track

The U.S. Economy Is Being Called A Big Ponzi Scheme

U.S. President Barack Obama Has Failed To Curb Fraud And Theft In Corporate Sector

Over the past week, both the Al Jeezera news network and convicted fraudster, Bernie Madoff, have called the U.S. economy a "ponzi scheme." That’s a very serious indictment, regarding the state of the nation’s financial affairs.

There is some merit to their statements. For years the Judiciary Report has stated, there are many companies on the stock market in Corporate America that are fraudulent and serving no real function, other than defrauding and gouging people.

They are eating away at the country’s productivity and national output. The SEC and FBI, charged with investigating and weeding out criminals in the marketplace, have become so corrupt, blatantly crooked companies are allowed to remain in the corporate sector, among legitimate corporations. These fraudulent companies that thrive on stealing are wreaking havoc on the economy.

The conflicts of interest present are astounding as well. Last week, U.S. Attorney General, Eric Holder, announced there would be no charges against Angelo Mozilo, the former head of Countrywide, a company that played a significant role in the 2008 Financial Crisis. Mozilo made off with close to $200,000,000 in ill-gotten gains, after helping to destroy the top economy in the world.

A few days ago, it was announced, the top lawyer at the SEC, David M. Becker, was personally profiting from Bernard Madoff’s crimes and has been sued as a result. However, he should be indicted. The Judiciary Report was the first to state after Madoff's arrest, the US government knew of his criminal conduct for some time, but looked the other way. There’s a reason for that - they were getting paid to do so. It's called bribery and "Too big to fail."

America still has a number of real companies churning out successful products in the marketplace, but gone are the days when the nation was number one in this regard, dominating international trade and finance. This is due to the fact, the government has allowed criminals to take root and fester in the corporate sector, who are in essence, stealing a living, not earning one. They are criminally taking from hardworking people, to fund their lavish lifestyles, while deteriorating true wealth via theft.

A new breed of crooks have mixed in with genuine companies on the stock market and in the marketplace, with the motto of "steal, steal, steal!" Some may refer to such criminal conduct as shrewd and clever, but how good can it be in light of the fact it brought down a whole nation and destroyed its once prosperous, top ranked economy. This ought not to have happened, but it did, because the government foolishly allowed it for devious reasons that have not panned out.

STORY SOURCE

Al Jeezera On US economics: One big Ponzi scheme

Madoff to NY magazine: Government a Ponzi scheme

Attorney General Eric Holder Is Countrywide Chief's Most Valuable Friend

SEC's Top Lawyer Becker Sued for Inheriting Madoff Ponzi Profits

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Obama Health Care Bill Damaging America

Barack Obama

Many are complaining the health care bill of U.S. President, Barack Obama, is damaging America. It has already sent up the nation deficit by $1 trillion dollars, but recent news indicates there are deeper problem.

Critics complain ObamaCare is limiting health care choices, running up insurance premiums and adding a toxic amount of debt to the national tally. America needs a better health care bill, as the current one needs work, due to the many flaws that need to be removed.

U.S. House Of Reps Yanks Funding For ObamaCare

Barack Obama

The U.S. House of Representatives has voted to yank the funding for President Barack Obama’s costly health care program. This comes as another stinging rebuke for the woefully inadequate and costly health care measure, which was enacted with no real bipartisan collaboration.

STORY SOURCE

House blocks funding for health care law

U.S. Debt To Surpass American Economic Revenues

Barack Obama

U.S. debt has increased to the point it now equals American economic revenues ($15 trillion). To those of you that think the nation has broken even, not quite. At the rate it is rising, the national debt shall surpass the money coming in to the country, via corporate revenues, by the end of the year. Too much spending and too little saving on the government's part.

Moreover, it is not good for any nation to carry such an enormous amount of debt. It negatively impacts international ratings and the country's economic pull in the world. It also weakens the national currency. Congressional House Speaker, John Boehner, stated of U.S. President, Barack Obama's wild spending, "Everything is on the table. We're broke. Let's be honest with ourselves."

Republican House Budget Committee Chairman, Paul Ryan, stated, "We'll see the details of this budget tomorrow, but it looks like to me that it is going to be very small on spending discipline and a lot of new spending so-called investments. Borrowing and spending is not the way to prosperity. Today's deficits means tomorrow's tax increases, and that costs jobs."

President Obama, has increased the national deficit more than any other Commander-in-Chief in American history. The President's proposed budget for this year is the most expensive in U.S. history. These are distinctions he could have done without. President Obama continues to engage in unruly spending, devoting taxpayer funds to wasteful projects that are not a necessity, rather than cutting back on costs to pull the nation out of a financial depression.

Additional errors were made when many billions in stimulus funds, which is taxpayer money, were thrown at large corporations, without any contractual stipulations the funds were to be spent on job creation, providing stiff penalties for any incidents of theft or misuse. As a result, said money is being hoarded by corporations and their officers, to the tune of $1.5 trillion dollars, according to estimates. There have been incidents of theft of said taxpayer money as well.

STORY SOURCE

Debt now equals total U.S. Economy

Obama Implores Businesses To "Hire And Invest"

Barack Obama

President, Barack Obama, made an appearance today at the U.S. Chamber of Commerce today, hoping to spur hiring among the nation's top companies. U.S. unemployment remains stubbornly high and national revenues are down. Obama addressed the gather, imploring them to hire and invest.

However, as the Judiciary Report stated two days ago, in the February 5. 2011 article "The U.S. Economy Takes Another Negative Turn" businesspeople are "nervous" about "investing" and "hiring" due to the government's current, costly economic plan that is not panning out. The head of the U.S. Federal Reserve, Ben Bernake, also made an about face and warned last week against the slow pace at which the economy is adding jobs, as it is derailing any possible recovery.

STORY SOURCE

Obama Presses Business Leaders to Hire and Invest

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