The Golden Truth: Obama Ignores the Voice of the Public

Monday, February 22, 2010

Obama Ignores the Voice of the Public

I was stunned to learn last week that Obama was still trying to jam healthcare "reform" through Congress. Interestingly, I'm not the only one, as Obama's approval rating, as measured by Rasmussen, has hit new lows. As of yesterday, only 22% Strongly Approve vs. 41% who Strongly Disapprove. Here's the link: Obama Tanking. Moreover, a large majority of polled voters oppose Obama's healthcare proposals. In fact less than 40% of those polled favor the plan: LINK.

The REAL problem with healthcare is that Big Pharma, Big Hospital and Big Insurance now control Congress with monied PACs just like Big Banks and Big Defense. The fact of the matter is that Big Money Corporate America now completely controls our system. Until that CHANGES, the promise on which Obama was elected, nothing will change. Here's is the REAL problem with healthcare, as documented by Craig Harris of Earthblog news:

Healthcare in America today is delivered by an exclusive club. This exclusive club consists of providers, hospitals, insurers and big pharma. Big pharma alone has six lobbyists for every member of congress and funds the FDA which acts as a wholly owned subsidiary...Over the past 40 years, the cost of healthcare in America has risen at an annual rate of approximately 12 percent. This is the root of the healthcare crisis in America. $100 dollars spent on healthcare 40 years ago increasing at an annual rate of 12 percent costs $9,300 dollars today. During this same 40 year period, $100 dollars in average income has increased to about $220.

Everone now see the problem? Here's the link to the entire commentary (I've been reading Craig Harris for quite some time and his analysis is very accurate and backed with facts): The Golden Truth about Healthcare

Which leads me back to Obama. The optimistic view of Obama and his motives would be that he is way too inexperienced, lacks deep political connections and is either a blind ideologue or bit of an idiot (maybe both). I really can't believe he's back humping a healthcare bill again after the Massachusetts massacre. He is completely ignoring the message being sent by the electorate. The NJ/VA Gov elections should have been a loud signal to Obama, BUT Massachusetts should have been a hard hit over the head. And the announced retirement of well-respected and firmly entrenched Democratic Senator Evan Bayh was the coup de grace. Based on his continued determination to ignore the voters who put him into office, I can only conclude that Obama is either completely controlled by Corporate America or just stupid. Fact is, it's probably both.

2 comments:

halMonday, 22 February, 2010
hard to judge a guy completely without getting to know him, but apparently among his issues is he is stubborn and he does not know how to prioritize (ummm-controversial health care vs basic jobs---increasing debt and spending in worng areas. Nor does he really know how to cajole folks with differences of opinion but he is blue chip at blasting those who do not agree with him.

I never liked bosses who led by intimidation.
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JoeTuesday, 23 February, 2010
Looks like $16 Silver calls are taken out but $1100 Gold calls still putting up a fight, All in all, typical op-ex price action.

The CFTC reminds me of the 3 deaf, dumb and blind monkeys.

Joe M.
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Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.