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Line 45: − == Obamunism == − :''Main article'' : [[Obamunism]] − [[File:Obamunism.jpg|thumb|left|220px]] − Critics of the Obama administration have coined the word "[[Obamunism]]" to describe Barack Obama's [[socialism|socialistic]] and "[[fascism]] light" [[economic planning]] policies ([[Benito Mussolini]] defined fascism as the wedding of state and corporate powers. Accordingly, trend forecaster [[Gerald Celente]] labels [[Obama administration corporate bailouts|Obama's corporate bailouts]] as being "fascism light" in nature).<ref>http://www.thebigmoney.com/articles/daily-intel/2009/07/20/obamunism-inc</ref><ref>http://www.smallbusinessadvocate.com/small-business-interviews/gerald-celente-6944</ref> Obamunism can also refer to Obama's [[Obama administration fiscal policy|ruinous fiscal policies]] and [[Obama admistration monetary policy|reckless monetary policies]].<ref>http://seekingalpha.com/article/120883-monetary-policynot-obama-s-stimulusis-what-needs-watching</ref><ref>http://www.nypost.com/seven/05172009/postopinion/editorials/bams_wise_words_169731.htm</ref><ref>http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/</ref> Under President Obama the American government's share of the national gross domestic product has significantly increased.<ref>http://www.youtube.com/watch?v=kABRyZdQXGw&eurl=http%3A%2F%2Fwww.breakingnews.com%2Fvideo%2Fdick-morris-obamas-waterloo&feature=player_embedded</ref> − − [[Wall Street]] firms and banks that were bailed out were among Obama's biggest campaign supporters.<ref>http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638</ref> Therefore, the Obama administration bailouts of corrupt, unproductive, and reckless Wall Street firms was hardly surprising, although it certainly was not helpful in making the United States economy more productive and prosperous. A 2005 study found that government corporate bailouts are often done for mere political considerations and the economic resources allocated exhibit significantly worse economic performance than resources allocated using purely business considerations.<ref>http://papers.ssrn.com/sol3/papers.cfm?abstract_id=676905</ref> − − Top trend forecaster [[Gerald Celente]] predicts that the corrupt economic policies of the Obama administration will lead to a second [[Great Depression|great depression]] (Celente predicted the 1987 US stock market crash, the dot.com crash, the US 2008/2009 recession, and the collapse of the USSR in the early 1990s) and may lead to a "second [[American Revolution]]" (Celente predicted the [[Tea Party Movement|tax protests]] that are now occurring in America).<ref>http://www.youtube.com/watch?v=8MMX3SKzrfU&feature=channel_page</ref><ref>http://www.youtube.com/watch?v=sy9bfw1ebgw&feature=response_watch</ref> Celente also asserts that the costly and inefficient temporary short term methods that the Obama administration is using to alleviate economic problems in the short term (which is causing massive increases in [[Obama administration deficit spending]]) is only making matters worse and will not prevent the worse economic depression in United States history from occurring.<ref>http://www.youtube.com/watch?v=_C8K7rWkGGw</ref><ref>http://www.youtube.com/watch?v=1LBffdIW0XA&feature=response_watch</ref> − − The Obama adminstration has been sharply criticized for [[Obama admistration deficit spending|its massive deficit spending]] and [[Obama admistration monetary policy|its reckless monetary policy]] via vast increases in the [[money supply]].<ref>http://seekingalpha.com/article/120883-monetary-policynot-obama-s-stimulusis-what-needs-watching</ref><ref>http://www.nypost.com/seven/05172009/postopinion/editorials/bams_wise_words_169731.htm</ref><ref>http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/</ref> Celente predicts that if a "second American Revolution" occurs in a peaceful and productive manner, it may include a [[Third Party System|third party movement]] of governance that will advocate a more [[free market]] [[capitalism]] approach to the American economy and a more strict interpretation of the [[United States Constitution|United States constitution]] as far as the authors' [[original intent]].<ref>http://www.youtube.com/watch?v=8MMX3SKzrfU&feature=channel_page</ref><ref>http://www.youtube.com/watch?v=sy9bfw1ebgw&feature=response_watch</ref> − [[Image:LarrySummers.jpg|thumb|right|200px|thumbnail|[[Larry Summers]] ]] − === Larry Summers - Corrupt and Incompetent Chief Economic Advisor to Obama === − [[Lawrence Summers]] is the Director of the [[White House]]'s [[National Economic Council]] (NEC) for President Barack Obama. The NEC was established to advise the U.S. President on U.S. and global economic policy.<ref>http://www.whitehouse.gov/administration/eop/nec/</ref> Larry Summers favored the bailouts of Wall Street firms and banks.<ref>http://blogs.abcnews.com/george/2009/02/obama-administr.html</ref> − − A government watchdog group reports the following conflicts of interest of Larry Summers: − {{cquote|Larry Summers, the director of the National Economic Council, ...continues to accept large speaking fees from bailed out banks. − − "Most of the companies paying Summers' speaking fees are found at top the list of contributors to politicians from both parties, leaving voters to wonder if there is anyone left who isn't in Wall Street's pocket."<ref>http://www.campaignmoney.org/blog/2009/04/06/larry-summers-speaking-fees-targeted-by-watchdogs</ref>}} − − The [[Washington Post]] reported: − {{cquote|Lawrence Summers, the chairman of President Obama's Council of Economic Advisers, collected roughly $5.2 million in compensation from hedge fund D.E. Shaw over the past year and was paid more than $2.7 million in speaking fees from several troubled Wall Street firms and other organizations.<ref>http://voices.washingtonpost.com/44/2009/04/03/summers_raked_in_speaking_fees.html</ref>}} − − Even the liberal publication [[The Nation]] declared concerning Obama's chief economic advisor Larry Summers: − {{cquote|In 1988, he was [[Michael Dukakis]]'s chief economic advisor, but when that campaign failed to bring Summers to power, he turned to America's great rival, the former [[Soviet Union]], to try out his economic experiments. In 1990, [[Lithuania]], a restive Soviet republic seeking independence, hired Summers to advise on that country's economic transformation. Poor Lithuania had no idea what it got itself into. This was Summers's first opportunity to tackle a country in economic crisis and put his wunderkind theories into practice. The results were literally suicidal: in 1990, when Summers first arrived, Lithuania's suicide rate was 26.1 per 100,000 and falling. Just five years after Summers got his hands on Lithuania's economy, life became so unbearable under the economic transition that the suicide rate nearly doubled to 45.6 per 100,000, worse than any other ex-Soviet republic in transition. In fact, it was the highest suicide rate in the world, suggesting something particularly harsh and brutal about the economic transition in that country as opposed to the others, where suffering and pain were common. Things got so bad that in 1992, after just two years of Summers-nomics, the traumatized Lithuanians voted the [[communism|communist]] party back into power, the first East European nation to do so--even though just a year earlier Lithuanians actually died on the streets fighting [[communism]]. − − Fresh off his success in Lithuania, Summers moved to the [[World Bank]], where he was named the chief economist in 1991, the year he issued his famous let's-pollute-Africa memo. It was also the year that Summers, and his [[Harvard]] protégé Andrei Schleifer (who worked with Summers on the Lithuania economic transformation), began their catastrophic "rescue" of Russia's crisis-ridden economy. It's a complicated story involving corruption, cronyism and economic devastation. But by the end of the 1990s, [[Russia]]'s [[GDP]] had collapsed by more than 60 percent, its population was suffering the worst death-to-birth ratio of any industrialized nation in the twentieth century, and the financial markets that Summers and Schleifer helped create had collapsed in what was then the world's biggest debt default ever. The result was the rise of [[Vladimir Putin]] and a national aversion to [[free market]]s and anything associated with Western liberalism.<ref>http://www.thenation.com/doc/20081124/ames</ref>}} − − === Larry Summers and Leftist Economics === − George Gerald Reisman, Professor Emeritus of Economics at [[Pepperdine University]] and author of Capitalism: A Treatise on Economics, wrote that Summers socialistic ideas on redistributing wealth demonstrate that Summers is a "lightweight leftist" who "fails to understand the nature of the most essential feature of capitalism, namely, private ownership of the means of production and the indispensable role it plays in the standard of living of the average person."<ref>http://blog.mises.org/archives/009031.asp</ref> Reisman also wrote that Summers is a shallow and ignorant man whose knowledge of economics is minimal and whose evil views qualify him to be the economic advisor to [[Hugo Chavez]] of [[Venezuela]] or [[Robert Mugabe]] of [[Zimbabwe]], but do not qualify him to be an economic advisor to the President of the United States.<ref>http://blog.mises.org/archives/009031.asp</ref>
Barack Hussein Obama (view source)
Revision as of 23:07, September 20, 2009
, 23:07, September 20, 2009→Obamunism
{{Cquote|I was amazed to read the wire services issued during the weekend about the US domestic policy, evidencing a systematic decline in President Barack Obama’s influence... the extreme right hates him for being an Afro-American and opposes anything the President does to improve that country....[and] will do its best to try to wear him out by hindering his program .... I wish I were wrong! <ref>[http://www.cuba.cu/gobierno/reflexiones/2009/ing/f240809i.html Reflections by ''I Wish I were Wrong''] Reflections by Comrade Fidel, Fidel Castro Ruz, August 24, 2009.</ref>}}
{{Cquote|I was amazed to read the wire services issued during the weekend about the US domestic policy, evidencing a systematic decline in President Barack Obama’s influence... the extreme right hates him for being an Afro-American and opposes anything the President does to improve that country....[and] will do its best to try to wear him out by hindering his program .... I wish I were wrong! <ref>[http://www.cuba.cu/gobierno/reflexiones/2009/ing/f240809i.html Reflections by ''I Wish I were Wrong''] Reflections by Comrade Fidel, Fidel Castro Ruz, August 24, 2009.</ref>}}
== Obama Administration Health Care Plan and Its Advocacy Methods ==
== Obama Administration Health Care Plan and Its Advocacy Methods ==