Goldman Sachs…they originated the global financial crisis, elected Obama ( top contributors http://www.opensecrets.org/pres08/contrib.phpcycle=2008&cid=N00009638 )and got bailed out in order to cash in more bonuses, thanks to the generosity of our secretary of treasure in chief, also known as Turbotax Timmy.

( http://www.dailymail.co.uk/news/worldnews/article-1081624/Goldman-Sachs-ready-hand-7BILLION-salary-bonus-package–6bn-bail-out.html#fuck_mccain_obama )

Welcome to the European Union. In order to be a member, countries have to pledge among other things that they will limit their debts and will preserve a sustainable economy.

For the past ten years, Greece has pretended to follow the rules while spending like crazy and discreetly borrowing tons of money from, yes, Goldman Sachs.

The latter company contacted the Greek government and offered easy money in exchange of things like lottery revenues, high interest rates, etc…

That has lasted ten years and Greece finally came out of the closet after refusing another outrageous “helpful” hand from the American “financial” company.

Greece is broke and the other partners of the European nations will have to pick up the bills to prevent the country from collapsing and taking the union with it. Also, emerging ongoing investigation show that Italy and Spain might have done the same thing. Welcome to the 21 century when banks can literally buy countries!

Nothing illegal was done of course by Goldman Sachs. They are clean as a whistle and its executives might be so proud! They can make presidents, live on taxpayer’s bailout money, purchase poor European countries, and destabilize the world’s financial market! Money talks and BS walks.

At the end, while American media blame the European Union passage to a single currency and the financial rules imposed to its members, I cannot help thinking that the one partly responsible for the American meltdown could end up starting THE global meltdown. Remember: If Europe fails, America will be hurt too.

Where the good old Russian Communists’ right: give the capitalists enough rope and they will end up hanging themselves!

We are almost there.

And please, President Obama and Mr Turbotax Timmy…keep on bailing your Wall Street buddies out! We cannot afford them to fail…they are so precious!

You guys must be so proud!

Eric Chevreuil

During the 2008 campaign the Obama worshippers proclaimed he was the “new messiah” and “sort of a God” above it all. They criticized the “VP” candidate Sarah Palin (an accomplished executive) as lacking experience to “lead” and touted the messiah’s experience as a law professor, a community organizer and ability to vote present as the experience needed for president; maybe a liberal president.

Obama knows being a president is above his pay grade. Instead of governing he is making self aggrandizing speeches almost daily trying to convince Americans he is not the “Bolshevik” he is. His over exposure is no different than the Stalin’s, Castro’s, Mao’s and Saddam’s of the world. Instead of murals and statute’s he uses TV and Internet. He has usurped the TV media, traveled to more venues and spent more money in perpetual campaign than Bush and the other narcissist Bill Clinton did in eight years. What has America gained from the Marxist messiah’s policies and over exposure? A decline on the international scene, a decline in national security and a failing economy!

Let’s just look at some results of his catastrophic economic policies. Team Obama and the democrat Congress has given us a $1.6 trillion dollar deficit and increased the debt ceiling to $14 trillion dollars. And despite the new messiah’s pronouncement that he “has broken the back of the recession” and “the U.S. is now in recovery”, credible economist disagree. Nouriel Roubini, who predicted the current financial crisis, forecasted the U.S. economy outlook remains very dismal and is in trouble. Arthur Laffer warned that despite sporadic signs of growth the economy is headed for a “train wreck” in 2011 because of Obama’s unprecedented debt and increased tax rates. John Cogan forecast a dismal economy due to the uncertainty about Obama’s economic and tax policies. The CBO reports GDP might reach 1.8%, unemployment will average 9.8%, deficits will be more than $1 trillion for years to come and the massive debt burden will imperil our country’s future and push public debt levels to 60% of GDP this year.

Obama’s federal budget deficit in 2010 is $1,565 trillion and represents 10.6% of GDP. If his policies continue after 2012 the projections for the debt-to-GDP ratio will rise to 73% in 2015 and 77% by 2020. However, Moody Investors Service reported this understates the overall US debt level and including federal, state and local debt this ratio would be well over 100% in 2020.

The significance of this debt is illustrated by the fears the European Union is experiencing due to the weakening economies and increasing debt in Portugal, Spain and Greece. Portugal is reporting an economic and political crisis because the country has a deficit of 9.3% of GDP for 2009. The point being the US ratio is higher. Couple that with Moody’s warning that unless measures are taken to reduce the U.S. budget deficit or the economy rebounds significantly, the U.S. is at serious risk of losing its AAA government bond rating.

Economist say the deficit could be brought under control if the remaining $500 billion of Obama’s $800 billion stimulus package is not spent and the $500 billion in TARP funds the banks have repaid are refunded to the U.S. Treasury. But what does the Over Exposed-Egotistical-Wanna Be Dictator-in-Chief do? He continues to spend the stimulus funds and proposes a second stimulus package; takes the money the banks are repaying and spends it; and proposes increases in payroll, corporate, estate and income taxes. Arthur Laffer predicts this economic train wreck will end with Obama’s defeat in 2012. Let’s hope so!!!

George Torres

From the AP, Feb 1: “President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs. The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year’s then unprecedented $1.41 trillion gap. The deficit would remain above $1 trillion in 2011 although the president proposed to institute a three-year budget freeze on a variety of programs outside of the military and homeland security as well as increasing taxes on energy producers and families making more than $250,000.”

How much more of our children’s money should be wasted on stupid programs that don’t work? Are these the changes you guys have been waiting for? How can one spend money on freezing the spending? What about freezing the waste right now? How much pork is this covering and how many lobbyists have been involved?

Yes he can…ignore the issues and keep on spending his way out of power while China, Russia, North Korea, and Iran kick him around!

The rise and fall of the American Empire or a story of the political correctness, self-indulgence, immediate gratification, corrupt political system and spreading immorality of the past decades!

Eric Chevreuil