Obama’s message PASS THE JOBS BILL NOW….. Every day he pounds on this when this is not a jobs bill, it is the same as last year, a massive Stimulus Bill that will do just what the last one did, build long term debt, and put money on the street for dubious projects and dubious purposes, put money into local treasuries for current expenditures, and local governments will spend that money like water, on mostly things that their state or local budgets should be financing through local taxes rather than the Federal taxpayer dollars. Do you believe that all this money spent this past year would have been spent if it were not for Obama’s Stimulus, and this spending had little if any guidelines on how the money could be utilized. No oversight in other words. This sets up a future annual budgeting disaster as this rolls through into yet another Federal forced passage boondoggle (Jobs Bill) if is it gets passed, or if Obama implements as he is threatening around Congress. We may face a tragic bring down of local governments eventually, because if the Jobs Bill is implemented this year or next, it will roll the $447 Billion onto long term debt, and the local spending will go forward doing more extensive damage just like the previous stimulus boondoggle in 2010.
Local politicians are not thinking ahead, they just take this money, it has the effect that when the Federal money stops when Obama and his spending machine is ousted and when a sensible President finally gets elected, a compete shambles will exist. The money must be spent by time lines fully in the fiscal year in which received, and this creates extreme last minute waste of our taxpayer money. A sensible President of course will have to start a process of getting Federal Government out of the local financing of all local governments, and by the way stopping the funding of local services such as police, teachers, social workers etc. Bailing out of pension funds by the way is simply repairing damage created by continued economic damage brought on by the Obama Administration in the first place, with investments in pension portfolio’s tragically lowered by all the bad news on Wall Street. It may break the back of local community’s tax wise to pick up the pieces again and return local governance to local taxation, and of course the Progressives will blame Republican for all of this. If that does not happen with true leadership of a new reasonable President, America will be like Greece or EU that is now struggling to survive. We will stager and sweat with hard choices at the local level, if ever they can climb out of the deep whole that states and local governments find themselves thanks to Barack Obama and his spending machine.
It would be mind boggling that families do not understand and see that the spending by the Federal Government under Barack Obama is the source of continued and massive problems that are creating more uncertainty and more pain, increasing long term debt, with his policies. Families know or should know that you spend within the means of the income, and if you ignore that there will be continued building of debt, which eventually consumes your entire family. In short that is what is happening to the USA. That is what happened to Greece. Why do you think a re-visit to the lowering of our credit ratings are again being spoken of this week.
Currently the US House of Representatives must hold the line against Barack Obama and his spending machine, the US Senate under Sen. Harry Reid and Nancy Pelosi are still supporting Obama and his outrageous spending regulation attack upon US business and our economy. Obama and his team attack daily the Republicans and many Democrats who see the light and are worried about where this President is sending our future, and that my friends is right down the drain. Obama attacks Republican efforts to contain the spending contain the growth of onerous EPA and other regulatory impingements against corporations, business large and small, that are the real reason jobs are not being created. Obama’s jobs bill will not work, the last stimulus did not work, why allow him to skirt around Congress which is his current threat, and this must not be allowed. This threat has been surfacing more and more, we should take his threats seriously, he has done this with his failed Cap and Trade legislation to a major degree with the onerous EPA regulations he continues to spend around Congress on under the radar programs and projects. We may face a time when we will realize Obama’s true intentions which are that of ignoring the checks and balances built into our US Constitution, and thus we may see a Constitutional Crisis facing us very soon.
Barack Obama may be hankering for a Constitutional Crisis, as a means to then submit his saving our nation from his created crisis by suggesting a new Constitutional document that will shake off the constraints he is now experiencing with the oversight of Congress that he so hates. Remember he claims he is a Constitutional Lawyer trained at Harvard to look for ways to remove the imposition of the checks and balance that Presidents must endure, enforced by Congress power over our Federal Government. He does not like the check and balance that the Constitution provides. If he would be successful in this use of a Constitutional Crisis and establish a new Constitution with changes to allow his command and control, we would in effect become a different kind of nation led by a stronger President over which Congress would have little power. I do not believe this would be what the American People desire or should accept.
History over the past 20 years will show that during the Clinton years, with the removal of the Glass-Steagall Act that was a means to ease out of the great depression in the 30’s, Wall Street was very happy with this relaxation of regulation that now allowed banks to get into or merge into the securities and underwriting and insurance business. It can be argued that this repeal of the barriers between banks and securities and so forth set up the scenario that led to the wall street demise of the real estate debacle known as the real estate bubble. Then Congress was also pushing the use of the Community Reinvestment Act of 1977 as revised many times by Congress that led to the pressure by Congress, mostly Rep. Barney Frank, Sen. Chris Dodd, and Sen. Chuck Schumer and many other House and Senate members to put people in homes they could not afford, which most likely would never have happened if Glass-Steagall Act was fully in force through the 90’s and beyond. So the use of the Community Reinvestment Act as revised along with new power of Banks were the greased machinery that caused the Real Estate Bubble, not George W. Bush who had nothing to do with the causation of the real estate bubble. Yet that is who Barack Obama and the Progressive Democrats continue to pursue as the culprit and the one onto to which to hang the blame for our current stymied economy.
Somehow the only message of Barack Obama is that the jobs have not been produced after his efforts of three years because of the Republicans not passing the Jobs Bill, and that is a donnybrook, a BIG FAT LIE, the jobs bill would continue the massive spending that Barack Obama and the Progressives seem to love, without regard to what happens when the taxpayers money runs out and there is no more money. Of course they then call up the Federal Reserve and print more money, which then leverages downward the value of the US Dollar, and does more damage to America and taxpayers. We are seeing how Socialism, Communism or Progressive policy what ever Obama wants to call his politics these days….we are seeing exactly how his politics are working, we are seeing first hand what will bring us down eventually. The next election is the most important Presidential election ever.
Jim the Conservative
