Obama's Democrats now own 99.4% of American economy

February 10, 2009 - 7:12pm — Capitol Notebook

Out of 535 members of the United States Congress, only 3 Republicans (all liberal Republicans) voted for Barack Obama's so-called "stimulus" bill, H.R. 1, the Democrats' number one bill for the 111th Congress and for Obama's presidency. That means Obama's Democrats now own 99.4% of the American economy and will be responsible for the expected decrease in America's gross domestic product and the continued unemployment. Even Democrat policy analysts predict this if Obama's stimulus bill becomes law.

Indeed, the stock market experienced a Great Crash today after the Democrats passed their pork-filled non-stimulus bill which will cost the American taxpayers way over $1 trillion (including interest.) The Dow Jones Industrial Average nearly dropped a whopping 400 points.

At Obama's press conference, the Associated Press reporter who asked the first question of the evening, actually asked a reasonably tough question asking whether or not Obama is talking down the economy with his Cassandra-like talk about catastrophes if Congress does not pass his bill. Obama, in his answer to her question, referred to Japan's "Lost Decade" and that America is in danger of duplicating that.

Had the "mainstream" media not still been in the tank -- as they were for Obama during his 2 year presidential campaign -- the next question for a non-corrupt media would be: "Well, Mr. Obama, what Japan did wrong during those 10 years is to introduce "stimulus" bills exactly like your "stimulus" bill. Why won't your bill sink the economy like those Japanese "stimulus" bills did?" That question was not asked. Neither were any other tough questions asked of Obama. Indeed, the former Democrat political hack -- George Stephanopoulos of ABC's Sunday morning show -- actually gave Obama an "A" for his press conference performance.

Wall Street was clearly unimpressed with his press conference last night and with the Obama bill passed by the Senate today. Yes, the economic reckoning will be just a little over the horizon if the bill passed by the Senate or something even worse in the form of a Senate/House compromise is passed and signed into law by Barack Obama.

The 2010 elections will reflect the American people's dissatisfaction with the rabid partisanship thus far displayed by Obama and his congressional Democrats and even more importantly with the dismal economy.

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Comments

Submitted by Nevi777 on February 12, 2009 - 1:53am.

President Obama's 'stimulus' plan, will fail, because it has no 'regenerative component'.
Its quite sad to watch a few people, roll the dice on the lives of millions.

Policy, is a broad issue so I just look at the basic framework.
The current Obama policy, is as dangerous, erratic and as full of holes as Paulson's 3 page plan was. If Obama will not recognise that ''Free Trade'', with no regulation/ no protection is WRONG, then you can be sure that US will not emerge from this crisis.

It's a fundamental that has to be put right. GB would still say '' Free Trade/no regulation/no protection'' is 'right.

Although market problems started earlier than Clinton, I mentioned that as a defined staging point because it was directly communicated to the American people at that specific time, how 'good' everything would be, and it was ..but as you can see, short lived.

I agree with Obama on some stuff, and disagree on others. My differences are nothing to do with him 'personally' - so nothing to do with him being a dem.

On average, you will find that Dem policies, lead to overall 'lawlessness'. What you cannot grasp today, you may only see 10 years later. Americans are generally too quick to be mesmerised by spin. You just hear 'toxic assets'and 'credit squeeze' via the media, and the next minute 300 million people are saying 'well, we have toxic assets'...what you do have there , are a few toxic asses that easily poison the minds of millions. This is not confined to a specific party. Can anyone tell you what a few of these 'toxic assets'are? Soon as you wanna know something like that, is when things all become grey. If you want to know where banks are investing, thats 'not possible to disclose'.So, if 1 trillion of taxpayers money just 'evaporates', nobody can tell you where it went This is all quite 'transparent'..lol.

In the world of politics and high corruption, the taxpayer is like a snowball that just gets kicked around..sure there's a bit of a ruckus and some kick up a fuss..there's some talk about the beloved country,and the ball rolls on..

'Unprecedented' means 'we don't have a clue'.
The rest, gets summed up for you like this : '' The devil is in the details'' ..sounds witty, but leaves you in the deepest grey.

Before any take offense, understand that Obama has been around a while, and was busy liasing with treasury for a couple of years now.
The policies are more Clinton policy, than Obama ones really.
So, consider this ..what you see coming, you can avoid, its what you don't see coming that hits you flat on your back.

Within a short while, you will see stimulus 1/2/3/4/5 as many can already see...so, effectively, Obama will have moved US to a deficit it will not recover from.

Correction in US requires a total reversal of current direction. Economists now base their strategy on a study of the Great Depression. Within 2 years, you'll see that Great Depression was a relatively simple fix.

http://sites.google.com/site/newenergyworldfirst/

Read carefully - I offered 1000x the energy yield of ALL known clean energy methods in a manner that will address jobs/infrastructure/technology/stock markets/food prices/electric vehicles etc, all at once. Because only wind/solar/biomass/wavepower and a few others are the only known things on this globe, what I said may seem 'impossible'.

If someone out there can help me reach someone in the senate, will be great.

Doesn't it amaze you that man can fly to the moon, and have see galaxies that nobody has seen before, but can't create much 'energy' right here?

So..I made an open offer to that President Obama, that can be challenged by the world's most fantastic physicists, engineers , economists and anyone else that he has at his disposal. He's not in my addressbook, or on my phonelist, so I can only do it out here simply because government communication systems revolve around 'autoresponders'.

Just because you see no solution yet, does not mean it doesn't exist.
World leaders are now just running around like rats, to the tune of the Pied Piper of financial destruction. When they decide to come down from their perch of 'self wisdom', then perhaps you can begin to see change. Do you really think that if you gathered every world leader, everyday for all the days of 2009 left in the year, that they can put ONE concept on the table to actually provide a 'fix' to the global crisis?

I looked at Davos 2009..a comedy. You can watch the next few international summits - hot air. Big speakers..all 'experts'..so, there are lots of people up in that roost that think their position in office , indicates superior wisdom and intellect.

Its very much like if you talked to Donald Trump - He'd speak down to you as if you were some bug, because he believes that his IQ is determined by his wealth. If you spoke to some physics professor, and you were lets say..a mechanic. He'd probably 'pfft'at anything you say, because he knows the dynamics of an engine - yet, has no idea how to fix it.

Economists and politicians are similar. Too many bright sparks, but no fire.
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