Wednesday, January 29, 2014

Obama's State Of Disaster

And thus I clothe my naked villainy
With odd old ends stol'n out of holy writ;
And seem a saint, when most I play the devil. 
             -  "Richard III," Shakespeare

Predictably, Obama rolled another yet another of his Martin Luther King gospel speeches designed to mesmerize his dwindling supporters and admirers.  But beneath the cloud of rhapsodic rhetoric carefully orchestrated to deflect attention from the facts is the same web of insidious lies and deception that has characterized his Presidency since he took office.

Aside from the colossal failure know as "Obamacare,"  I love the way Obama avoids reviewing the facts that matter.  For instance, I must have missed this part, but total Treasury debt issued since he took office has increased by 70% from $10 trillion to $17 trillion.  And it's about to go up again.  Debt to GDP soared from below 100% to well over 100%.  And that's using the rigged GDP numbers vomited out to us by the Obama Government.  This is a State of the Union that mathematically can not persist and will result in a complete economic catastrophe for the middle class (middle class = anyone not rich enough to buy their own politician, means roughly 99.9% of the population).

How about persistent and growing long term joblessness?  This is the segment that has been out of work for a couple years and has given up looking.  These people are are not even counted as part of the labor force.  Here's what that looks like:
(click on graph to enlarge)

This shows the number of people who have dropped out of the labor force since Obama took office.  A little over 11 million.  Eliminating that 11 million from the labor force is the exact reason that the calculated unemployment rate has declined.  The unemployment rate is a deceitful statistic, not the truth. That 11 million is the number people who became dependent on Government support in one of many forms since Obama's inauguration.  I'm not sure Obama really addressed that issue other than to say that he would set up some kind of task force to try and coerce companies who are currently cutting jobs by the thousands to replace them with the untrained people who haven't worked in a couple years.   Sorry, that program will fail as badly as Obamacare has failed.

Speaking of which, anyone not asleep happen to catch Obama's order to Congress to fast track the latest global trade Bill - the Trans-Pacific Partnership (TPP) agreement?  He of course cloaked this trade agreement in promises of more jobs for Americans and a great deal for our economy. But once again it's well-crafted Obama-speak for:  "bend over America, here comes another big lie."   The ensured passage of this deal has been heavily funded by the corporations who will benefit the most from it.  You can read the sordid details and facts HERE, HERE and HERE.   The reason Obama wants to jam this through is that his corporate overlords don't want pain in the ass Congressmen diluting the massive wealth transfer from the middle class to the big corporations by attaching pork and earmarks.  It will also cost big business a lot more in political graft if they have to plunk a lot money into campaign coffers other than Obama's (yes, they are still contributing because he gets to keep any money in the campaign account that's not spent while in office - Clinton passed that law).

One of the most troubling aspects of that TPP deal is that it will enable the Too Big To Fail banks that were bailed out by Obama using taxpayer money to largely get around the financial regulations that were imposed by the Dodd Frank legislation and the so-called "Volker Rule."  Obama made a big production out of specifically telling the country a few weeks ago that our financial system is "safe" now.   Of course, like everything else he says, it's a complete lie.

Finally, Obama offered a nicely promoted plan to help the little guy not covered by a corporate or fat Government retirement plan to start his own tax-deferred savings account.  This plan is more comical than Saturday Night Live at its best in the late 1970's.  Actually, it's an outright appallingly pathetic proposal.   First, 76% of the country lives paycheck to paycheck.   The "little" guy doesn't have any money left over after buying food and paying for heating to put into savings - especially after his health insurance costs were doubled by Obamacare.

Even worse, the little guy, to the extent he might have some extra money left over for savings, is forced by Obama to buy Treasury bonds.  He doesn't get the investment choices offered to everyone lucky enough to work for a big corporation or the Government.  Who the heck wants to invest in Treasury bonds?  After inflation, the return on Treasury bonds is negative.  It's really a way to shift even more of the Government debt burden onto to the backs of the middle class.

As IF all of the above isn't enough, Obama's biggest promise is that he's going to take the Government into his own hands if Congress doesn't do what he wants them to do.  I remember very vividly when Obama was engaging in campaign debates with his opponent in 2008 that he promised vehemently to get rid of earmarks and not use Executive Orders.  Well, it turns out, Obama likes Executive Orders and he wants to keep Executive Orders.  Rest assured, unless the White House cuts Congress in on all of the big corporate graft being passed out liberally, we are going to see Obama transform the Executive Branch of Government into essentially a dictatorship.

In blowing away the rhythmically delivered smoke from Obama's teleprompter delivered speech last night, you can see that it was a carefully and methodically crafted bundle of lies and deceit.  The truth is, and this is the truth that even his marginally supportive constituents refuse to look at, is that Obama is probably the most insidiously deceitful President in the history of the country.  He heralded himself as the Great Savior of the middle class and Constitutional Government.  Ironically, he'll go down in history as the guy who led the U.S. into the abyss of totalitarianism and economic demise.

Other than all that, Mrs. Lincoln, did you enjoy "Our American Cousin?" 

35 comments:

  1. Incisive critique of O'Blamer's illegal occupation of the Whitehouse. You nailed it. (Still waiting for him to produce a legitimate non-PhotoShopped birth certificate.)

    "The entire Obama presidency can be described with the following image: A dog uncontrollably humping a banksters' leg. We once had a Rule of Law. Now we have a Rule of Oligarchy.” –Michael Krieger

    "A government that is big enough to give you all you want is big enough to take it all away." --Barry Goldwater

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    Replies
    1. You are pathetic...and they say racism doesn't exist in the good ole USA..as an outsider, I can see both sides very well

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    2. You have Dave from Denver equating the pres's speech to a long winded MLK sermon and we have those still demanding a birth certificate and you ask why USA is in trouble ?
      next you are going to tell me racism is none existant in the good ole US of A...


      Delete
    3. Do you feel better now? Feels good to lash out anonymously at other's, doesn't it? The only person I see exhibiting hatred toward is others is you, brave Mr. Anonymous, hurling pathetic accusations at others. The coup de gras is that your spelling and grammar is appallingly horrific.

      Delete
    4. Hey AnonPuss take your Liberal Racism crap and screw. Its a known fact most of you Born and Bred American Liberal dopes are the true RACISTS! and are the ones shooting up Movie theaters and Schools. And you suffer from Mental Illness every one of you!

      http://www.cnsnews.com/news/article/ali-meyer/355-disability-beneficiaries-have-mental-disorder-432-dc

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    5. That's right Dave from Denver...forget my grammar, the accusations are self evident as are the so many Obama bashers that lash out. I am really surprised that Murphy lets this kind of trash on his site. I see the ones that you let by without a peep like the one calling Obama occupying the whitehouse illegitimately still asking for a birth certificate. A typical right wing nutcase.

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    6. Obama's birth certificate is not forged.


      Only birther “experts” have called Obama’s birth certificate forged, and they have not shown that they are even experts, much less fair and impartial. Those are two reasons why they are not believed by Ann Coulter, Glenn Beck or the National Review (or by Mitt Romney or Paul Ryan or Gingrich or Santorum or Huckabee).

      One proof that Obama’s birth certificate is not forged is Obama’s short-form birth certificate.

      Short-form birth certificates are created by a clerk reading the information from the document in the file, and filling out the computer form that generates the printed short-form birth certificate. The officials in Hawaii have confirmed that they sent a short-form to Obama. So, unless they are lying—and they were Republican officials–the only way that Obama’s birth certificate could have been forged was that it was forged in 2007 and slipped into the file just before the clerk looked at the file. That is not very likely, is it? And it is especially unlikely since at the time Obama was not even the candidate of the Democrats. He was still in the primaries at the time, and he was only a junior senator from Illinois.

      And birther sites have not shown you these real experts.

      Dr. Neil Krawetz, an imaging software analysis author and experienced examiner of questioned images, said:“The PDF released by the White House shows no sign of digital manipulation or alterations. I see nothing that appears to be suspicious.”

      Nathan Goulding with The National Review: “We have received several e-mails today calling into question the validity of the PDF that the White House released, namely that there are embedded layers in the document. There are now several other people on the case. We looked into it and dismissed it.… I’ve confirmed that scanning an image, converting it to a PDF, optimizing that PDF, and then opening it up in Illustrator, does in fact create layers similar to what is seen in the birth certificate PDF. You can try it yourself at home.”

      John Woodman, independent computer professional, who is a member of the Tea Party (who says that he hates Obama’s policies but found no evidence of forgery) said repeatedly in his book and in various articles on his Web site that the claims that Obama’s birth certificate was forged were unfounded.

      Ivan Zatkovich, who has testified in court as a technology expert, and consultant to WorldNetDaily:“All of the modifications to the PDF document that can be identified are consistent with someone enhancing the legibility of the document.” And, by the way, when WND received Zatkovich’s article that said that he found nothing wrong with Obama’s birth certificate, WordNDaily simply did not publish it.

      Jean-Claude Tremblay, a leading software trainer and Adobe-certified expert, who has years of experience working with and teaching Adobe Illustrator, said the layers cited by doubters are evidence of the use of common, off-the-shelf scanning software — not evidence of a forgery.“I have seen a lot of illustrator documents that come from photos and contain those kind of clippings—and it looks exactly like this,” he said.

      Birthers’ claim that Obama’s birth certificate is false is well understood to be caused by their own motives—they hate Obama and would like to harm him.

      And it is irrational (to say the very least) to think that Obama’s relatives had enough money (Obama’s grandfather was just a furniture salesman and his grandmother a low-level employee in a bank at the time; and his father came to Hawaii on a free flight) or crazy enough to spend LOTS of money on a long and expensive and risky (incidents of stillbirths were high at the time) overseas trip for their pregnant daughter—–when there were perfectly good hospitals in Honolulu, Hawaii.

      Also, the government of Kenya has said that it investigated the “born in Kenya” claim, and that it did not happen.

      Delete
    7. Only birther “experts” have called Obama’s birth certificate forged, and they have not shown that they are even experts, much less fair and impartial. Those are two reasons why they are not believed by Ann Coulter, Glenn Beck or the National Review (or by Mitt Romney or Paul Ryan or Gingrich or Santorum or Huckabee).

      One proof that Obama’s birth certificate is not forged is Obama’s short-form birth certificate.

      Short-form birth certificates are created by a clerk reading the information from the document in the file, and filling out the computer form that generates the printed short-form birth certificate. The officials in Hawaii have confirmed that they sent a short-form to Obama. So, unless they are lying—and they were Republican officials–the only way that Obama’s birth certificate could have been forged was that it was forged in 2007 and slipped into the file just before the clerk looked at the file. That is not very likely, is it? And it is especially unlikely since at the time Obama was not even the candidate of the Democrats. He was still in the primaries at the time, and he was only a junior senator from Illinois.

      And birther sites have not shown you these real experts.

      Dr. Neil Krawetz, an imaging software analysis author and experienced examiner of questioned images, said:“The PDF released by the White House shows no sign of digital manipulation or alterations. I see nothing that appears to be suspicious.”

      Nathan Goulding with The National Review: “We have received several e-mails today calling into question the validity of the PDF that the White House released, namely that there are embedded layers in the document. There are now several other people on the case. We looked into it and dismissed it.… I’ve confirmed that scanning an image, converting it to a PDF, optimizing that PDF, and then opening it up in Illustrator, does in fact create layers similar to what is seen in the birth certificate PDF. You can try it yourself at home.”

      John Woodman, independent computer professional, who is a member of the Tea Party (who says that he hates Obama’s policies but found no evidence of forgery) said repeatedly in his book and in various articles on his Web site that the claims that Obama’s birth certificate was forged were unfounded.

      Ivan Zatkovich, who has testified in court as a technology expert, and consultant to WorldNetDaily:“All of the modifications to the PDF document that can be identified are consistent with someone enhancing the legibility of the document.” And, by the way, when WND received Zatkovich’s article that said that he found nothing wrong with Obama’s birth certificate, WordNDaily simply did not publish it.

      Jean-Claude Tremblay, a leading software trainer and Adobe-certified expert, who has years of experience working with and teaching Adobe Illustrator, said the layers cited by doubters are evidence of the use of common, off-the-shelf scanning software — not evidence of a forgery.“I have seen a lot of illustrator documents that come from photos and contain those kind of clippings—and it looks exactly like this,” he said.

      Birthers’ claim that Obama’s birth certificate is false is well understood to be caused by their own motives—they hate Obama and would like to harm him.

      And it is irrational (to say the very least) to think that Obama’s relatives had enough money (Obama’s grandfather was just a furniture salesman and his grandmother a low-level employee in a bank at the time; and his father came to Hawaii on a free flight) or crazy enough to spend LOTS of money on a long and expensive and risky (incidents of stillbirths were high at the time) overseas trip for their pregnant daughter—–when there were perfectly good hospitals in Honolulu, Hawaii.

      Also, the government of Kenya has said that it investigated the “born in Kenya” claim, and that it did not happen.

      Delete
    8. Zzzzzzzzzzzzzz

      It's not my issue. I'm not a "birther" and I not not a "birther." I don't care. It's nothing but a distraction so that idiots in this country focus on that instead of the real issues.

      Delete
    9. Replying to Dave in Denver:

      I agree with you. But the first poster in the discussion, "Unknown," said "(Still waiting for him to produce a legitimate non-PhotoShopped birth certificate.)."

      The answer to that claim is that Obama's birth certificate is NOT forged. And, not only is it not forged, but Obama really was born in Hawaii, where the birth certificate, and the confirmation of the officials of BOTH parties and the Index Data and the birth notices sent to the Hawaii newspapers by the DOH of Hawaii in 1961 all show that he was born.

      Delete
    10. 30 January 2014

      Today Jesse wrote a penetrating and insightful commentary about Obama’s years occupying the Whitehouse:

      "Too often Obama seems to be a well-positioned corporate brand, promoted like any other product. And this is what makes him particularly disappointing. Bush, Carter, and Clinton could not have been tragic, because they had no heights from which to fall. A manager makes peace with his times and situation, seeking the best he can get; a leader changes them, including the tone of the conversation and the assumptions and direction of the deal.

      As for Obama, like Herbert Hoover, his presidency verges on the tragic, and the ending has yet to be written."

      Matt Taibbi Asks Why Obama's Regulatory Strategy in Reforming the Banks Is Such a Joke

      http://tinyurl.com/jvwqf98

      Delete
  2. Another great post. Comical farce of a speech considering all of the lies which have been told and promises that were broken. But of course the banks probably loved it...

    http://aaronlayman.com/2014/01/want-to-give-americans-a-raise-eliminate-the-federal-reserve/

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  3. Margin Debt hits all-time highs! January 29, 2014
    New data is out, reflecting that margin debt has increased, reaching the highest levels in all of history.

    http://wallstreetsectorselector.com/2014/01/margin-debt-hits-time-highs/?

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  4. (Quinn) Am I missing something here? Can't the "little guy" just go out and open an IRA if his employer doesn't offer a retirement plan? The thief-in-chief is priming the pump for forced investments in US Treasuries in retirement accounts, and as usual he cloaking it in lies and deceit. It makes a lot of sense now, tell people there is a new social security plan where you get the privilege of having your pay check automatically deducted to buy treasuries for your retirement... Backdoor bail-in.

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    Replies
    1. YES! Back door bail-in an Obama dictating how the little guy invests his savings, IF he has any.

      Delete
    2. MyRA, the Horizon of a New Crisis Phase


      http://youtu.be/TT7HDumMyxk

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    3. WARNING Protect Your Savings Stay Away from Obama's New MyRA Program

      The interest rate on myRA is going to be the same as the one paid by the Thrift Savings Plan Government Securities Investment Fund. The TSP itself admits about this interest rate:

      The G Fund is subject to inflation risk, or the possibility that your G Fund investment will not grow enough to offset the reduction in purchasing power that results from inflation


      In other words, it's a terrible investment. The US is on the edge of bankruptcy and the only way they can avoid bankruptcy is to print more money. Thus, a loan to the government (which is what this is), and without major protection against inflation, is a terrible idea. And it is going to be run by a crony Wall Street firm. A private-sector money management firm is going to be chosen by the Treasury to run the program.

      Think about this.

      Do you really want to place your money in the hands of an Obama-Lloyd Blankfein type money management team?

      http://www.economicpolicyjournal.com/2014/01/warning-protect-your-savings-stay-away.html

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    4. "YES! Back door bail-in an Obama dictating how the little guy invests his savings, IF he has any."

      there again you lie dave....what was dictated ? ...looks like your grammar is better than your comprehension or knowledge of the facts.

      Delete
  5. Amazing disconnect these days, some call it hopenosis, an upside down world where lies are packaged as truth, and vice versa. O'bummer is king of this disinformation campaign. As a society, we are sick in the head, suffering from our self imposed victim status. We have no one to blame but ourselves. The elite readily take advantage of our ignorance. Thanks Dave for pounding away on this theme. Hopefully we will reach a tipping point some day soon and enough people will be able to see through the shuck and jive.

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  6. Dave, what's your take on the much ballyhooed strong Q1 earnings propelling DHI to a new six month high? There's a big buzz about this with accompanying press that this signifies that housing is "recovering" and pointing to a resurgent housing market this spring.http://seekingalpha.com/article/1975291-the-2014-homebuilder-breakout-begins-early-with-a-very-bullish-d-r-horton

    ReplyDelete
    Replies
    1. I looked at them yesterday. Will write something up and submit to Seeking Alpha when I get more time. The headline numbers were for show. They burned more cash during the latest quarter, accumulated a little more debt and inventories ballooned up more. Their cancellation rate was 23%.

      If the GAAP net income numbers are so good, how come the operations isn't generating free cash flow?

      Delete
    2. There's a huge short interest in the stock and I'm sure that fueled at lot of HFT generated short-covering. I added to my short yesterday. My avg cost of the short is still close to $26 to what do I care? Yesterday's bounce was a gift to people building short positions

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    3. I'll get excited about housing stocks if/when the Fed eliminates the $65 billion per month they're still using to juice the economy and reflate the housing sector. That's assuming of course the builders can actually generate any free cash flow without being subsidized by artificially low interest rates to spur sales.

      Delete
  7. Dave,
    How DO you stand listening to that stuff? I'm too cowardly. Thanks for doing it for us.

    Purplefrog

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  8. Not mine but I like it.

    “The danger to America is not Barack Obama, but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America. Blaming the prince of fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools, such as those who made him their President.” - Unknown, November 12, 2012

    Cheers, Yankees

    ReplyDelete
  9. DETROIT — In a ruling that could reverberate far beyond Detroit, a federal judge held on Tuesday that this battered city could formally enter bankruptcy and asserted that Detroit’s obligation to pay pensions in full was not untouchable.

    The judge, Steven W. Rhodes, dealt a major blow to the widely held belief that state laws preserve public pensions, and his ruling is likely to resonate in Chicago, Los Angeles, Philadelphia and many other American cities where the rising cost of pensions has been crowding out spending for public schools, police departments and other services.

    The judge made it clear that public employee pensions were not protected in a federal Chapter 9 bankruptcy, even though the Michigan Constitution expressly protects them. “Pension benefits are a contractual right and are not entitled to any heightened protection in a municipal bankruptcy,” he said.

    http://www.nytimes.com/2013/12/04/us/detroit-bankruptcy-ruling.html?_r=1&

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  10. George Carlin, RIP, nailed it years ago.

    http://www.youtube.com/watch?v=acLW1vFO-2Q

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  11. "Great Expectations

    Capturing the giddiness among the great and the good in Davos, Kenneth Rogoff observed last week, “People are euphoric here, they think everything is going to be fantastic.” That might be the view of the movers and shakers gathered on a mountaintop to discuss economic inequality – effectively the main topic on the agenda – but it is not a perspective we share.

    Our latest study includes a review of international productivity and labor market trends that is not particularly promising. It also fits with the low trend growth characteristic of “the yo-yo years” that ECRI has discussed since before Lehman.

    Cyclical volatility, combined with low trend growth, is what virtually dictates more frequent recessions. In 222 years since the late 18th century, the U.S. experienced 47 recessions. Following the Great Recession, however, policymakers have been making an all-out push to eliminate recessions altogether, in part by trying to suppress financial market volatility. The 48th recession is likely to be recognized before they are ready to face the futility of attempts to eliminate business cycles in market economies."

    http://www.businesscycle.com/ecri-reports-indexes/report-summary-details/economic-cycle-research-great-expectations

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  12. surely the gods are laffing.
    anyone notice that this Russian bank MyBank had a bank run the very day O announced MyRA!

    http://www.infowars.com/bank-run-fears-escalate-as-russian-lender-bans-cash-withdrawals/

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  13. Hi, can you be more specific wrt to ", they are still contributing because he gets to keep any money in the campaign account that's not spent while in office - Clinton passed that law)."

    Uh, not really, unless there's a law I haven't seen (cite please!)

    They can't spend it on themselves directly; it has to go to political causes. I was Treasurer for a political campaign in the last cycle and as a result I read ALL of the law governing it, because fuck-ups could have landed ME in prison. We got cleared and closed out without complaint by the FEC, so obviously I did it right :-)

    It effectively is theirs however, as they CAN spend it on things like travel, including renting really big airplanes, buses, lavish hotel suites and the like -- so long as they're advocating for political causes.
    Thanks.

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    Replies
    1. It's the law. This is all we need to know about you to know that you can't be trusted:

      "I was Treasurer for a political campaign in the last cycle"

      I wouldn't advertise that around strangers.

      Delete
  14. http://www.mineweb.com/mineweb/content/en/mineweb-gold-analysis?oid=227148&sn=Detail
    "Gold flows and their huge potential market impact

    The continuing flow of gold from West to East alone could see serious shortages of physical metal develop in the West and this, together with other potentially positive factors could have a huge impact on the market.
    Author: Lawrence Williams
    Posted: Wednesday , 29 Jan 2014
    LONDON (Mineweb)"

    ReplyDelete
  15. Whenever anyone calls me a racist, I'm more than happy to admit to it. If murderers, rapists, thieves, pedophiles, sociopaths and total a**holes of every size, shape and color can be considered a race, I'm a racist. Besides, he who points the finger of accusation (calling others a racist) also points three at himself. Point all you want, libtard Obamaphiles.

    ReplyDelete
  16. http://philosophyofmetrics.com/2014/01/30/americas-karma-and-world-war-two-gold-theft/
    Plundered gold returns its trip as SDR's cover the dollar dip, while outmoded exchanges sigh their last blip, discipline cracks a hard whip...

    ReplyDelete