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Obama announced that
the US will likely suffer greater-than-trillion-dollar deficits each
year for the foreseeable future. |
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Most Americans
realize that due to ongoing trade imbalances, debt obligations,
global economic maladjustments, financial industry bailouts and
ongoing asset decay,
entitlements, and the potential Obama stimulus package costs, along
with his
potential health care rework plan, the US government will be running
large deficits for the foreseeable future. Few Americans needed BO
to enlighten them on this situation. |
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Remember: All Americans should
recall the words of Berardine Dohrn, Bill Ayers' wife and co-worker
since their domestic terrorist days of the 1960's Weather Underground.
In 2007, she proclaimed, "We want to dismantle
capitalism, that evil thing". |
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Also recall that in
1995, BO was
anointed for his political rise in the Hyde Park, Illinois, home of Bill Ayers and Bernardine Dorhn. |
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The timing of BO's announcement is
consistent with some of his other announcements. It was not delivered
imbedded in an economic speech as
president, nor from an advisor or cabinet member. Instead, it was
announced as a near stand-alone statement implying a strategic aura. It
was made in a manner to stand on its own and be selected by the MSM
for
headline positioning. It became headline news. |
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This
announcement had the precision in timing and intellect of Bill Ayers. Ayers,
while continuing to work underground, sees the long-range, grand picture.
This is foundation-building material for Obama's future moves against
capitalism. He is laying the foundation in order to prove and gather support
for when he is instructed to announce that the evil known as capitalism is destructive
to his followers. He will use
this now-under-construction foundation to undermine and dismantle US
capitalism. That will satisfy his puppet master, Bill Ayers. |
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The result of
trillion-dollar deficits becoming the norm and growing is the
inevitable default by the United States. The "Full Faith & Credit
of the US" and its dollar will be nil. This will send the US begging for
support from any nation for its massive debt servicing requirement. The
US treasury cry will be
"Please buy our treasury instruments!" However, in order to sell those
genuinely un-backed treasuries, the US will need to pay
unrealistically high interests rates. Who then will rescue the US?
Mexico? Indonesia? Old Europe? The IMF? These options are not likely
to happen. At that point the US will be bankrupted. |
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A US president should
attempt to resolve the nation's problems and lead it out of trouble. BO
appears committed to shocking and terrifying the nation into submission.
That is, the elimination of capitalism. |
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Solution:
Several time over the last half-century tax cuts have resulted in US
prosperity. It is now factual that the most effective way to combat
the inevitable growth in the US deficit is to cut taxes across all
tax payers and businesses. This has been demonstrated numerous
times. |
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Obama will continue
to demonstrate that his objective is not to offset deficits. His
objective is to dismantle capitalism following instructions from
Mr. & Mrs. Bill Ayers. |
