America's Confidence In Obama Hits All Time Low

President Barack Obama
According to a recently conducted Washington Post poll, Americans' confidence in President Barack Obama and his ability to solve the nation's problems, have hit an all time low. The poll found 1 in 6 Americans do not believe he is up to the task as President, especially with unemployment and the deficit rising.
EXTERNAL ARTICLES:
Confidence in Obama reaches new low, Washington Post-ABC News poll finds
Deconstructing confidence in Obama
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Obama Rep Equates Economy With Cancer

Erksine Bowles

On July 11, 2010, the co-chairman of U.S. President Barack Obama's Debt Commission, Erksine Bowles, compared the declining American economy to cancer. He said the current national budget and debit is and I quote, "a cancer that will destroy the country from within."

Yes, I know. I said that already 2-years ago in the article The Global Bush Effect: "It's a financial cancer, that due to international cross collateralization and open-end monetary instruments, is metastasizing, when the problem should have been detected early, and there were symptoms, isolated, contained, then the appropriate treatment applied."

It's amazing that 2-whole-fiancially-painful-years later and the government still has not improved and is in the same financial sinkhole, only deeper. It's astonishing that it's taken all that time for the government to realize this fact. However, the question is, what are you going to do about it, as talk is cheap.

Side Bar: Don't talk about cancer around Obama. He will break out a shovel and dig up his best manure in your direction. You would think with someone that smokes the way he has and does, he'd have a vested interest in curing the disease.

Obama's debt commission warns of fiscal 'cancer'

Monday, July 12, 2010 - BOSTON -- The co-chairmen of President Obama's debt and deficit commission offered an ominous assessment of the nation's fiscal future here Sunday, calling current budgetary trends a cancer "that will destroy the country from within" unless checked by tough action in Washington.

The two leaders -- former Republican senator Alan Simpson of Wyoming and Erskine Bowles, White House chief of staff under President Bill Clinton -- sought to build support for the work of the commission, whose recommendations due later this year are likely to spark a fierce debate in Congress.

Bowles said that unlike the current economic crisis, which was largely unforeseen before it hit in fall 2008, the coming fiscal calamity is staring the country in the face. "This one is as clear as a bell," he said. "This debt is like a cancer."...

http://www.washingtonpost.com

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Democrats And Republicans Fighting Over Financial Reform

U.S. President Barack Obama

Yes, they're fighting again. This time over financial reform. The Democrats and Republicans in Congress, along with U.S. President, Barack Obama, cannot agree on financial reform for America.

There is no question it is need, as the country is in financial straits, faced with soaring deficits, job losses, foreclosures and bank collapse, but a suitable and agreeable plan has not been found.

They need to find one quickly and make sure it is ram packed with budget cuts and the elimination of fruitless, taxpayer wasting programs that only benefit politicians and the rich. Anything less will not contribute to an economic recovery. And everyone can agree, America needs to get out of the current financial quagmire breaking the nation.

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Joe Biden: We Can't Replace The 8 Million Jobs Lost

Vice President Joe Biden
Last week, Vice President, Joe Biden stated the Obama administration will not be able to replace the 8 million jobs that have been lost during the ongoing financial crisis. Oh, yes you could have. Had you followed the Judiciary Report's job creation plan and had tight controls over how the stimulus money was disbursed, the goal could have been achieved.
However, what the Judiciary Report feared and wrote about in advance, hoping it would not happen, did via government overpaying for jobs. As a result of that government bureaucracy, poor planning and financial misappropriation of taxpayer stimulus finds, less jobs were created. You overpaid for the creation of each job, with money that could have created 3-5 positions (each time), had the project been carefully undertaken. Multiply that by each time it happened and billions were wasted.

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Obama Has Lost Sight Of His Goals

President Barack Obama
U.S. President Barack Obama has lost sight of the goals and lofty ideals he professed, when he swept to victory and into office a year and a half ago. This abandonment of ethics has greatly damaged his presidency, leaving many bewildered and confounded.
It is always sad when politicians stray from what they initially claim to be their moral code, as in the end, the people suffer when they are not given what they were promised. It's the general wish of all men to have a better life. We are all striving for something better and deserve more than broken promises.

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America Loses Confidence In Obama

U.S. Vice President Joe Biden, President Barack Obama and General David Patraeus
New polls indicate America has lost confidence in President Barack Obama, with his poll numbers dipping to new lows and many newspaper websites questioning the direction of his presidency.
The rising national deficit, trillions in spending and more plans of the same, have shaken the public's confidence. These issues have been exacerbated by the Louisiana oil spill and the president's less than satisfactory handling thereof.
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Department Of Justice Still Shielding Rich Criminals

Attorney General Eric Holder
The Judiciary Report has remarked for several months, there has been a very low number of arrests by the Justice Department of criminals in Corporate America that caused the unprecedented financial crisis of 2008 that is still negatively impacting the economy.
Some of the nation's richest citizens, brought America to this terrible point of financial ruin, robbing many of their life savings, pensions and homes and should be held accountable in a court of law.
The sad fact of the matter is the Obama Administration is following in the footsteps of the Bush Administration, in protecting high profile, wealthy criminals in the corporate sector, who continue to engage in egregious financial crimes. The nation and the world expected more from Obama.
Cases against Wall Street lag despite Holder's vows to target financial fraud
Friday, June 18, 2010 - Since taking office at the height of the financial crisis, President Obama has promised to hold Wall Street accountable for the meltdown. Attorney General Eric H. Holder Jr. reinforced that message in November when he vowed to prosecute Wall Street executives and others responsible for the crisis...
Nearly 1 1/2 years into Obama's tenure, despite several cases against mortgage companies whose lending practices contributed to the crisis, the administration has not brought any charges against the big Wall Street banks that took those loans, converted them into toxic securities and pumped them into the world's financial markets. Law enforcement sources say no such charges are imminent...
http://www.washingtonpost.com
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U.S. Unemployment Continues To Rise

U.S. President Barack Obama's plans to tackle the nation's unemployment crisis, is not working, as the claims continue to rise, adding to the number of those who are without work. The government needs a new plan.

STORY SOURCE:

New jobless claims up sharply as layoffs persist

This Unemployment Problem Is Not Going Away

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U.S. Jobs Report Exaggerated

U.S. President Barack Obama
Several mainstream news outlets are reporting, U.S. President Barack Obama touting today's national job report, as proof the recovery is working, is a fraudulent claim. The economy added 500,000 jobs, but the majority of those positions, 411,000 posts, were for seasonal Census report workers. Translation, those were very temporary jobs.
Obama's claims have thus been disproved. The President needs to stop relying on artificial results and get to the root of the real problem at hand, as pretending the unemployment problem is solved, when it is not, will only cause more damage in the long run and do greater harm to the American people.
It is time to develop a sensible job plan, where the nation can create the maximum amount of jobs for the money allotted by Congress, without waste and misappropriation occurring again.
May jobs report: Census inflates payrolls
June 4, 2010: 2:20 PM ET - NEW YORK (CNNMoney.com) -- A flood of temporary Census workers in May led to the biggest jump in jobs in ten years, the government reported Friday. Employers added 431,000 jobs in the month, up from 290,000 jobs added in April. It was the biggest gain in jobs since March 2000.
But Census hiring was responsible for 411,000 of May's increase in employment. Private sector employers also added 41,000 jobs in the period, well below the 218,000 private sector job gains in April. Government payrolls other than Census declined by 21,000 jobs in May, due largely to job cuts by state and local governments.
It was a disappointing number for private sector hiring, as economists surveyed by Briefing.com had forecast an overall gain of 500,000 in May. U.S. stocks traded sharply lower on the report, with the Dow Jones industrial average down more than 200 points in midday trading...
http://money.cnn.com
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Fat Joe Out Of Dough?

Rapper Fat Joe is selling his dream home in South Florida, for $1,999,999 after spending years building it. The home is located in the city of Plantation, which is just outside Miami, Florida.

Fat Joe
Recently released figures indicate, the property market in South Florida has hit record lows this month, with homes losing even more of their value. Properties have not rebounded after the 2008 financial crisis, as many that previously bought or built homes at premium prices, are currently saddled with devalued real estate, worth as little at 25% of their original value.
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U.S. Economy Stalls Again

U.S. President Barack Obama
Based on released reports, the U.S. economy has stalled again, as consumer spending is down and unemployment continues at a rampant rate. Economists estimate, if the economy adds roughly 500,000 jobs per month, it will still take 5-years to lower the unemployment rate to 5%, indicating the damage is that extensive.
Much of the damage was done during the Bush years and to save face, fake financial data was released to cover what was truly transpiring, with the corrected figures released this year.
However, President Obama has squandered opportunities to add the maximum number of jobs possible, due to poor oversight of where stimulus funds landed.
Some of the money was wasted via overpaying for job positions, decreasing the number of people that could have been hired with the stimulus funds available. In other instances, the funds were flat-out stolen or misappropriated.
This is not Monopoly. The President cannot rely on consistently printing up more money in a bid to solve the nation's financial ills, as it is damaging America's international credit rating, drastically increasing the deficit and damaging the U.S. dollar. That money is not free. It is coming at a price. The massive government spending is not working.
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Barack Obama Wiretapping Heads Of State

U.S. President Barack Obama and Attorney General Eric Holder
According to reports, U.S. President, Barack Obama, has been acting as the general manager of the world by wiretapping other heads of state in the international community, with no international mandate to do so. The recent Michael Coke extradition bid in Jamaica has brought these allegations to light.
There are a few hundred nations in the world. Show of hands, how many heads of state want Obama eavesdropping on their calls and doing what he wishes with the contents? It would be safe to state the answer to that is zero, which is what Mr. Obama is looking like for doing such a thing.
In light of this conduct, do other heads of state have permission to illegally wiretap all your calls, Mr. Obama and with the dirty dealings that go on in Washington (see the Abramoff scandal, among others) those calls would not be pretty.
No nation is perfect and all could use improvement, but wiretapping other heads of state is debased and dishonorable. You are not God. Therefore, you are not to be privy to everyone's conversations.
Furthermore, God would have solved the financial crisis already...which is something Mr. Obama could be working on instead of eavesdropping on foreign heads of state's phone calls. Unemployment is soaring in America, while Obama spends his time reading other people's telephone call transcripts courtesy of the FBI and NSA.
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Obama Numbers Down Across The Board

U.S. President Barack Obama (left)
According to headlines on the website, Drudge Report, Obama's approval ratings have dropped to 44% and 63% of Americans want his health care law repealed.
Additional reports on the internet from numerous news and government sites, indicate jobless claims also unexpectedly rose again and foreclosures in America remain high.
It is abundantly evident to anyone with commonsense the economy is still in massive trouble and the measures being taken by the government to correct the depression that occurred in 2008 that is ongoing, have failed.
Thrift should have been the order of the day, but the government deciding otherwise, has made the financial crisis exponentially worse. The government has racked up significant debt the American people will have to repay or face further financial uncertainties and a drastic deterioration of the economy.
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Work Hard And You Will Succeed?

U.S. President Barack Obama
The 2008 financial crisis bankrupted a lot of innocent people, who lost their life savings, pensions, kids tuition funds, homes and cars. People worked hard, saved their money and lost everything, due to greedy people in the corporate sector that flouted the law and shunned human decency.
People promote hard work as the way to success and it is in society. However, that message is greatly diminished, especially for the youth in society, via the horrible example the government has set, in allowing people in the corporate sector, who have engaged in egregious financial crimes that harmed many in the America and the world, to roam free and continue to take advantage of hardworking people.
Congress, the FBI, DOJ and SEC, have shielded the majority of financial criminals in the corporate sector from accountability. Shame on you. Shame on you, indeed. Which path do you expect kids will aspire to walk down when they see such hypocrisy and corruption coming from the government.
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Bleak U.S. Jobs Report

U.S. President Barack Obama
The U.S. jobs report released this week, reflect dismal numbers, indicating the economy is still suffering from a massive lack of employment. Once again, money misused from the stimulus, could have been used to create more jobs. Taxpayer money is not being spent in the most effective manner.
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Obama Calls For Job Summit
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U.S. Jobless Claims And Foreclosures Surge

Based on financial data released this week, U.S. jobless claims and foreclosures have surged in America, painfully illustrating the financial crisis that began in 2008, is ongoing, as government remedies have failed to stem losses and fix the problem. U.S. foreclosures also set another record.

The financial health of Uncle Sam (Photo credit: David Dees)
A report this week also revealed, President Obama's mortgage relief program wasted billions in taxpayer money and produced very little positive results. Something similar transpired with Obama's jobs program.
STORY SOURCE:
US Foreclosure Filings Rise 16% as Bank Seizures Set Record
Watchdog Group: Obama's Mortgage Aid Plan Wastes Billions
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