Deliberately Destroying America…
By Alan Caruba Sunday, June 17, 2012
It has taken three and a half years into Barack Obama’s presidency for most Americansto realize that he has been deliberately destroying America by driving up the nation’s debt and deficit, reducing privately held wealth, forcing millions onto the public dole, undermining its moral structure, and weakening the nation’s reputation internationally..
His latest lie is that “the private sector is doing just fine”, but the numbers tell the whole story and one can find them on an excellent blog, Economic Collapse, that offers seventy examples:
The official U.S. unemployment rate has been above eight percent (8%) for 40 months in a row. Unofficially, it is estimated to be closer to fifteen percent (15%).
In 2007, about ten percent (10%) of all unemployed Americans had been out of work for 52 weeks or longer. Today that number is above thirty percent (30%).
An astounding forty-nine percent (49%) of all Americans live in a home where at least one member is receiving government benefits.
The middle class is shrinking. Ninety-five percent (95%) of the jobs lost during the current recession were middle class jobs.
Instead of cutting spending to reduce debt, the Federal Reserve is “monetizing” much of the U.S. debt. It purchased “approximately sixty-one percent (61%) of all government debt issued by the U.S. Treasury in 2011.
Perhaps the most frightening statistic cited was a survey that found that sixty-three percent (63%) of Americans “believe that the U.S. economic model is broken.”
It is not broken. The economic model that propelled America into a superpower would continue to provide prosperity if the nation’s “entitlement” programs were reformed, if the obscene government spending and production of regulations were reduced, if government housing finance entitles such as Fannie Mae and Freddie Mac were eliminated, if the federal government’s purchase of the nation’s land mass was ended, if environmental laws without any basis in science were struck from the books, and if government control over the exploration and extracting of its vast energy reserves was greatly reduced.
It’s a tall order and it would require cleaning out a Congress that has imposed unsustainable burdens, including the highest corporate income tax in the world, and a level of taxation that requires those still holding jobs to annually work 107 days to earn enough money to pay local, state, and federal taxes.
If you check out the Progressive Caucus website, you will find nearly seventy members of the House are members and there is one from the Senate, the Socialist Bernie Sanders. In the 1950s they would have correctly been identified as Communists.
When Liberals and liberalism became unpopular, they began using the term Progressives. They are the descendents of every Democrat that voted for the New Deal, the War on Poverty, the creation of Fannie Mae and Freddie Mac, and the creation of the Departments of Energy, Education, and the Environmental Protection Agency. These are the people who in the early years of the last century imposed the income tax and engineered the creation of the Federal Reserve, a banking cartel that controls the economy………………
- Morning Bell: What if Fannie and Freddie Were Eliminated? (heritage.org)
- fannie mae bailout rate (clintongreen4.typepad.com)
- Deliberately Destroying America (papundits.wordpress.com)
- Obama’s Fannie Mae failure (salon.com)
- FHFA IG – Fannie Mae and Freddie Mac: Where the Taxpayers Money Went (bespacific.com)
- Deliberately Destroying America – Tea Party Nation (twtface.com)
- Deliberately Destroying America (canadafreepress.com)
- Mortgage relief still far off for many Californians (yubanet.com)
- What if Fannie and Freddie Were Eliminated? (canadafreepress.com)
- 4 Reasons Why the Housing Market Still Hasn’t Recovered (txwclp.org)
- Al Checchi: It’s All Bush’s Fault (huffingtonpost.com)