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Line 326: − − == Plunging approval ratings == − − :''Main article : [[Barack Obama approval ratings]]'' − [[File:Obama_total_approval_january_11_2010.jpg|thumb|right|300px|center]] − In the wake of the [[financial collapse of 2008]], Obama initially enjoyed the goodwill and moderate approval ratings of Americans. The growing perception of Obama's [[socialism|far left]] agenda marked a reversal of trends particularly after the "Gates flap."<ref>http://www.washingtonpost.com/wp-dyn/content/article/2009/07/30/AR2009073004097.html</ref> Polls shortly after revealed Obama's personal popularity and approval ratings declined significantly across the board, on every major subject and among all demographic groups<ref>http://people-press.org/report/532/obamas-ratings-slide</ref> with the greatest declines among poor people. The Pew Research Center noted "Some of the larger declines are among members of his own party." − − A February 2010 Marist Poll showed for the first time since taking office, a majority of Independent registered voters - 57% - disapproved of his job performance with only 29% approving. 47% of registered voters nationwide report President Obama has fallen below their expectations. 42% say he has met their expectations while just 7% think he has exceeded them.<ref>Marist Poll, [President Obama’s Approval Rating & The 2010 Midterm Elections], February 8, 2010.</ref> The Marist Poll reported "Democrats have become less positive toward Obama and Independents have become more negative." − − === Approval Ratings and Obama's Misplaced Priorities === − Obama’s approval rating for handling health care has fallen steadily since April 2009 led by a steep a 17-point slide among independents. An ''[[ABC News]]/[[Washington Post]]'' poll in August 2009 showed public doubt about [[health care reform]] with a rise in views the president's proposals would do more harm than good. Charlie Cook, a leading election analyst, compared Obama and his battle to push through his health care agenda to [[Moby Dick|Captain Ahab]] and his suicidal hunt for the great white [[whale]].<ref>http://www.timesonline.co.uk/tol/news/world/us_and_americas/article7043884.ece</ref> Despite poll after poll showing that Americans’ main priority is jobs, President Obama focused on his health care plans.<ref>http://www.timesonline.co.uk/tol/news/world/us_and_americas/article7043884.ece</ref> − − === ObamaCare - High Stakes Political Gamble === − − In July of 2009, it was reported that President Obama indicated to a Democrat Congressman that if [[ObamaCare]] did not pass it would destroy his presidency.<ref>http://reason.com/blog/2009/07/22/obama-youre-going-to-destroy-m</ref> In addition, in July of 2009, political consultant [[Dick Morris]] publicly declared that ObamaCare was going to be Obama's [[Waterloo]].<ref>[http://www.youtube.com/watch?v=rXcE1O1y4es Dick Morris - ObamaCare will be Obama's Waterloo - VIDEO]</ref> On March 6, 2010, the Associated Press when describing Barack Obama's efforts to get [[ObamaCare|his health care plans]] enacted used the word "frantic".<ref>http://www.google.com/hostednews/ap/article/ALeqM5gkPFIC1wrQ-L7QiPDPFt0IQLXVygD9E9CO300</ref> − − === Barack Obama and American Conservatism Backlash === − − [[File:Obama-6th-grade-teleprompter.jpg|right|thumb|250px| Obama addresses a sixth grade class with two teleprompters]] − In October of 2009, Niles Gardiner reported in the [[Britain|British]] newspaper ''The Daily Telegraph'': − {{cquote|This week’s striking [[Gallup]] poll on political ideology is further confirmation that the United States is in essence a [[conservative]] nation, which has ironically become even more conservative under Barack Obama. According to Gallup, 40 percent of Americans describe their political views as conservative, 36 percent as moderate and 20 percent as liberal. This is the first time conservatives have outnumbered moderates in America since 2004.<ref>http://blogs.telegraph.co.uk/news/nilegardiner/100014891/barack-obama-has-failed-to-defeat-conservatism-in-america/</ref>}} − − == Obama Administration Health Care Plan and Its Advocacy Methods == − :''Main article'': [[Obamacare]] − Senior citizens are key Democratic party constituents that could kill [[Socialized medicine|Obama's socialistic health care plan]].<ref>http://www.youtube.com/watch?v=MsImVGsFlmA</ref> Recently, President Obama falsely claimed that the senior citizen group [[AARP]] endorsed his administration's health care plan when they never made such an endorsement.<ref>http://www.youtube.com/watch?v=-Zxf5ELaC4Q&feature=channel_page</ref> In addition, Barack Obama's "Disinformation Czar" (whose supposed job was to correct disinformation that others are spreading about the Obama administration's health care plan) was recently caught spreading misleading information.<ref>http://www.youtube.com/watch?v=w4HgDfNsH3M&feature=channel_page</ref> Skepticism is mounting concerning Obama's health care plan and Obama himself and the skepticism is growing for valid reasons.<ref>http://www.buffalonews.com/248/story/762324.html</ref> For example, the usually pro-Obama news organization the [[Associated Press]] recently published an article which was critical of Obama that was entitled ''FACT CHECK: Obama's health care claims adrift''?<ref>http://www.google.com/hostednews/ap/article/ALeqM5gayIiVSnEX8h2nbrvI2X4a9eo4qQD99K0NP00</ref> − − The [[Association of American Physicians and Surgeons]] (AAPS) maintains there are no redeeming provisions of Obama's health care plan and offers a number of criticisms.<ref>http://www.aapsonline.org/newsoftheday/00377</ref> The AAPS maintains that Obama's plan will significantly increase the overall cost of health care to the United States public plus reduce the quality of care that the system provides.<ref>http://www.aapsonline.org/newsoftheday/00377</ref> Political analyst and commentator [[Dick Morris]] has asserted that Obama's health care plan will lead to the significant rationing of senior health care which will decrease the life span of senior citizens.<ref>http://www.youtube.com/watch?v=MsImVGsFlmA</ref> − − === Obama Administration Health Care Plan and Liberal Elitism === − [[File:arrogant_obama.jpg|right|125px|thumbnail|Barack Obama ]] − In 2007, when Obama was running for the office of President of the United States, he promised Americans "health care that is as good as the health care that I have as a member of Congress."<ref>http://www.emaxhealth.com/10/18430.html</ref> However, recently when a newspaper reporter pressed Obama on whether he would commit to Americans having the same health care as congressmen, Obama repeatedly refused to commit to his previous promise of Americans having the same coverage as members of Congress.<ref>http://www.youtube.com/watch?v=YvzLDb2igKM</ref> President Obama merely claimed Americans would have health care coverage that would "largely match up" with what members of Congress have.<ref>http://www.youtube.com/watch?v=YvzLDb2igKM</ref> President Obama also stated he is constantly followed around by a personal physician.<ref>http://www.youtube.com/watch?v=YvzLDb2igKM</ref> The Obama administration's [[Liberal Elite|liberal elitism]] is not unusual when it comes to health care. For example, [[Belinda Stronach]], a former Member of the Canadian Parliament, chose to have a surgical treatment in the United States rather than be treated in Canada for her condition ([[Canada]] has a [[socialized medicine]] system of health care).<ref>http://blogs.dailymail.com/donsurber/2007/09/14/canadian-official-refuses-canadian-health-care/</ref> − − Congressman [[John Fleming]] has offered a legislative amendment that would require United States congressmen and senators to take the same health care plan they try to force on others (under proposed legislation they are curiously exempt). Congressman Fleming is encouraging people to go to his website and sign his petition.<ref>http://fleming.house.gov/index.html</ref> − − == Barack Obama and Liberal Elitism == − − Obama has consistently shown himself to be a [[Liberal Elite|liberal elitist]] who looks down on "ordinary" Americans. Asked while campaigning for the [[Pennsylvania]] primary to explain why small-town [[Democrats]] did not support him, Obama replied "it's not surprising, then, they get bitter, they cling to guns or religion or antipathy to people who aren't like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations." When Obama made this remark he was alluding to small-town people who had experienced long periods of joblessness. In response to predictable outrage when his remarks were unexpectedly publicized, Obama did not recant his statement but instead replied, I "didn't say it as well as I should have."<ref>http://news.bbc.co.uk/2/hi/americas/7344532.stm</ref> Although many rural counties went for McCain, Obama carried the state with 54.6% of the vote, compared to 44.3% for John McCain.<ref>[http://www.electionreturns.state.pa.us/ElectionsInformation.aspx?FunctionID=13&ElectionID=28&OfficeID=1]</ref> − − In an attempt to counter the view by many that Obama is an elitist, he began running campaign ads claiming that he "worked his way through college and Harvard Law." This claim is at best an exaggeration, as Obama only held summer jobs while in college and law school<ref>http://www.factcheck.org/elections-2008/obamas_work_claim.html</ref>, and he would have likely benefited from special scholarships not available to most students. − − ===Obama's Charitable Giving=== − − ''For more information please see'': [[Barack Obama and uncharitableness]] − − [[File:Poor-woman.jpg|right|thumb|300px|In the years 2000 through 2004, before becoming a United States Senator and being in the public spotlight, Obama gave less than 2% of his earnings to charity even though he made about $250,000 per year (In the years 2000 to 2002, Barack Obama gave less than 1% of his income to charity).<ref>http://patterico.com/2008/10/31/obama-and-bidens-charitable-giving-they-dont-want-to-spread-their-own-wealth-around/</ref><ref>http://atangledweb.squarespace.com/httpatangledwebsquarespace/obamas-charitable-contributions.html</ref> For more information please see: [[Barack Obama and uncharitableness]] ]] − In the years 2000 through 2004, before becoming a United States Senator and being in the public spotlight, Obama gave less than 2% of his earnings to charity even though he made $250,000 per year. Since becoming a national figure, that amount has jumped to about 6%.<ref>http://patterico.com/2008/10/31/obama-and-bidens-charitable-giving-they-dont-want-to-spread-their-own-wealth-around/</ref> − − Below is Obama's charitable giving expressed as percentage of his income for the years of 2000 to 2006 when he was earning about $250,000 per year: − − *2000: 0.9% − *2001: 0.5% − *2002: 0.4% − *2003: 1.4% − *2004: 1.2% − *2005: 4.7% − *2006: 6.1%<ref>http://atangledweb.squarespace.com/httpatangledwebsquarespace/obamas-charitable-contributions.html</ref> − − Obama's charitable giving pattern is not surprising given what we know about United States [[liberal]] politicians and charitable giving and also the charitable giving in the general population of liberals in the United States.<ref>http://www.liveleak.com/view?i=1c5_1238044128&c=1</ref><ref>http://www.realclearpolitics.com/articles/2008/03/conservatives_more_liberal_giv.html</ref> − − ===Liberal politicians and uncharitableness === − − ''For more information please see'': [[Liberal politicians and uncharitableness]] − − The political magazine the ''[[American Spectator]]'' declared: − {{cquote|The last two Democratic Party nominees for President have come up short on the charity scale. [[Al Gore]] has been famously stingy when it comes to actually giving his own money to charities. In 1998 he was embarrassed when his tax returns revealed that he gave just $353 to charity... − − Senator [[John Kerry]] likewise has a poor record. In 1995 he gave zero to charity, but did spend $500,000 to buy a half stake in a seventeenth century painting. In 1993, he gave $175 to the needy. Later, of course, Kerry married the rich widow Theresa Heinz, and today is active in charitable causes using the Heinz foundation as his vehicle... − − [Senator Ted] [[Ted Kennedy|Kennedy]]’s tax returns are obviously a closely guarded secret. But when he chose to run for President in the 1970s, he released some of them. With a net worth of more than $8 million in the early 1970s and an income of $461,444 from a series of family trusts, Senator Robin Hood gave barely 1 percent of his income to charity. The sum is about as much as Kennedy claimed as a write-off on his fifty-foot sailing sloop Curragh.<ref>http://www.liveleak.com/view?i=1c5_1238044128&c=1</ref>}} − − ===Liberals and uncharitableness === − − ''For more information please see'': [[Liberals and uncharitableness]] − − In March of 2008, [[George Will]] cited a study by Arthur C. Brooks, a professor at [[Syracuse University]], which indicated that American liberal households earn more than conservative American households but give less to charity.<ref>http://www.realclearpolitics.com/articles/2008/03/conservatives_more_liberal_giv.html</ref> In addition American conservatives donate more time and given more blood than American liberals.<ref>http://www.realclearpolitics.com/articles/2008/03/conservatives_more_liberal_giv.html</ref> − − === Barack Obama's Brother George Obama and Poverty === − In August of 2008 the NY Daily News reported the following concerning Obama and his half-brother [[George Obama]]: − [[File:Barack Obamas Brother in Bengo-002.jpg|right|thumb|200px|[[George Obama]]]] − {{cquote|Barack Obama wants to live in the White House - but his youngest half-brother lives in the poorhouse. − − George Obama, one of the candidate's seven living half-siblings, lives on pennies a month in a hut in Africa, the Italian edition of Vanity Fair revealed. − − "No one knows who I am," George Obama, 26, told the magazine. "I live like a recluse, no one knows I exist." − − He lives on the outskirts of Nairobi in a 65-square-foot shack decorated with posters of the Italian soccer clubs AC Milan and Inter, and a calendar of beaches. − − "I live here on less than a dollar a month," he said....<ref>http://www.nydailynews.com/news/politics/2008/08/20/2008-08-20_barack_obamas_povertystricken_halfbrothe.html</ref> − − A spokesman for Barack Obama declined repeated requests for comment yesterday. − − George Obama said he met his famous brother as a 5-year-old, and again in 2006 when Obama toured East Africa and visited Nairobi. − − "It was very brief - we spoke for just a few minutes," he said.<ref>http://www.nydailynews.com/news/politics/2008/08/20/2008-08-20_barack_obamas_povertystricken_halfbrothe.html</ref>}} − [[File:KenyaSlumR 468x301.jpg|right|200px|thumbnail|[[George Obama]]'s neighborhood]] − In September of 2008, [[National Review]] featured an article by [[Dinesh D'Souza]] which declared: − {{cquote|George Obama’s shack measures six feet by ten feet, and yet he says that Barack Obama has done nothing to reach out to him or to help him. “I live like a recluse. If anyone says something about my surname, I say we are not related. I am ashamed.”<ref>http://article.nationalreview.com/?q=YTk1OTc2ZGVlNjg2NmU1YTlkMGJjZjk5OGEzMzIxYjA=</ref>}} − − A critic of Barack Obama's uncharitableness towards his brother wrote: − {{cquote|Well, they say charity begins at home, but it hasn't apparently in this case. Hearing about what George is going through, you can't help but wonder why his brother Barack won't send the guy $20? I mean it would double his annual income.<ref>http://www.zimbio.com/George+Hussein+Onyango+Obama/articles/3/George+Obama+Barack+Obama+Brother+Fights+Life</ref>}} − − Asked by Harry Smith from CBS about Obama leaving the campaign to visit his ailing grandmother, Obama replied, "Yeah, well, the -- I think most people understand that if you're not caring for your family, then you're probably not the kind of person who's going to be caring for other people." <ref>[http://newsbusters.org/blogs/kyle-drennen/2008/10/23/cbs-s-smith-compares-obama-lincoln-obama-attacks-hannity CBS’s Smith Compares Obama to Lincoln; Obama Attacks Hannity] NewsBusters.org, October 23, 2008</ref> − − === Barack Obama's Treatment of George Obama and Barack Obama's Inaugural Speech === − − Barack Obama's treatment of George Obama is particularly ironic and hypocritical given Barack Obama's inaugural speech. − − Barack Obama declared in his inaugural speech: − {{cquote|To the people of poor nations, we pledge to work alongside you to make your farms flourish and let clean waters flow; to nourish starved bodies and feed hungry minds. And to those nations like ours that enjoy relative plenty, we say we can no longer afford indifference to the suffering outside our borders; nor can we consume the world's resources without regard to effect. For the world has changed, and we must change with it."<ref>http://uk.oneworld.net/guides/guidesweek/obama-inauguration-speech-world-poverty</ref>}} − [[Image:CharlesDarwin.jpg|thumb|125px|right|[[Charles Darwin]] ]] − − === Barack Obama's Uncharitableness/Liberal Elitism and Social Darwinism === − − ''See also'': [[Social effects of the theory of evolution]] − − [[Barack Obama and uncharitableness|Barack Obama's recent pattern of charitable giving]] and [[Barack Obama and liberal elitism|Barack Obama's liberal elitism]] is consistent with Obama being a [[Narcissism|narcissist]] which is a charge that has often been made against Barack Obama.<ref>http://www.americanthinker.com/2008/09/obama_oprah_and_the_guru_malig_1.html</ref> However, it is also true that Barack Obama is an [[evolution|evolutionist]]. Barack Obama told the ''York Daily Record'' that "I believe in [[evolution]]...".<ref>http://www.freerepublic.com/focus/f-news/1999910/posts</ref> Barack Obama's recent pattern of charitable giving and liberal elitism is also in accordance with someone who has a certain degree of [[Social Darwinism|social darwinistic]] thinking. In addition to [[Liberals and uncharitableness|American liberals giving less to charity]], it also true that [[Theory of evolution and liberalism|American liberals are also more likely to believe in evolution]]. − − ==Michelle Obama and Liberal Elitism== − − ''For more information please see:'' [[Michelle Obama and liberal elitism]] − − === Michelle Obama and Patient Dumping Allegations === − − [[Michelle Malkin]] and others allege that [[Michelle Obama]] created a [[Patient dumping|patient dumping]] scheme for a Chicago health care facility.<ref>http://www.youtube.com/watch?v=80YK2o3kq0E</ref><ref>http://www.americanthinker.com/2009/03/michelle_obamas_patientdumping_1.html</ref><ref>http://hotair.com/archives/2009/07/23/video-did-michelle-obama-start-a-patient-dumping-program/</ref> In March of 2009, the ''[[American Thinker]]'' wrote: − {{cquote|Substantial coverage was given to a recent indictment of the program by the American College of Emergency Physicians. ACEP's president, Dr. Nick Jouriles, released a statement suggesting that the initiative comes "dangerously close to ‘patient dumping,' a practice made illegal by the Emergency Medical Labor and Treatment Act, and reflected an effort to ‘cherry pick' wealthy patients over poor."<ref>http://www.americanthinker.com/2009/03/michelle_obamas_patientdumping_1.html</ref>}} − − === Michelle Obama and Food Bank Incident === − In May of 2008, the following was reported: − [[Image:Obama_Michelle.jpg|right|thumb|[[Michelle Obama]] is reported to have worn $540 shoes to a food bank.<ref>http://www.huffingtonpost.com/2009/04/29/michelle-obama-wears-silv_n_193138.html</ref><ref>http://christwire.org/2009/05/michelle-obama-makes-fun-of-homeless-by-wearing-540-shoes-to-a-food-bank/</ref>]] − {{cquote|[[Michelle Obama]] continued to flaunt her money recently, as she made fun of homeless people by wearing $540 shoes to a food bank. − − What a sick day and age we live in when millionaires endlessly gallivant around the globe in their jets and fancy clothes, but still make sure to remind the poor of just how little they have in pocket. − − This is just more proof of how the liberal elite live these extravagant lives and are not in touch with us common people. We do all the hard work of fighting wars and building up this country, while they enjoy the fruits of our labor and control all the wealth. − − My stomach churns with disgust because of these types of liberal antics and disregard for human life. For just about $5 a day, you can feed a starving child in Africa. With $540, Michelle Obama could by a struggling American family a month’s worth of groceries.<ref>http://christwire.org/2009/05/michelle-obama-makes-fun-of-homeless-by-wearing-540-shoes-to-a-food-bank/</ref><ref>http://www.huffingtonpost.com/2009/04/29/michelle-obama-wears-silv_n_193138.html</ref>}} − − [[Powerline]] offers the following criticism of Michelle Obama: − {{cquote|She says that she and Barack were born to parents of modest means, not with "silver spoons" in their mouths. Nobody knows the trouble they've seen. The burden of paying for her undergraduate education at [[Princeton]] and her law school education at [[Harvard]] has scarred her. It remains a motif of her stump speech. No one is accorded a chance to ask her if she thought about attending the University of Illinois, or if she's grateful for any of the financial assistance that facilitated her and her husband's attendance at the finest institutions of higher learning in the United States.<ref>http://www.powerlineblog.com/archives/2008/05/020456.php</ref>}} − − [[Image:Democrat Obama during the Pledge.jpg|325px|thumb|right|'''Obama stands with folded hands''' while [[Bill Richardson]] and [[Hillary Clinton]] honor the flag by placing their hands over their heart during the [[National Anthem]]. [http://rawstory.com/news/2007/Obama_doesnt_put_hand_over_heart_1022.html See Video] ]] − − == Obamunism == − − :''Main article'' : [[Obamunism]] − [[File:4135523219 e140763872 o.jpg|thumbnail|430px|A new study demonstrates Obama currently has dramatically fewer advisors who’ve made their living via the private sector than any other [[America]]n President in the last 108 years — since the turn of the 20th century when the business of America became business.<ref>http://www.redstate.com/erick/2009/12/01/obamas-achilles-heel/</ref><ref>http://blog.american.com/?p=7572</ref>]] − 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 administration 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> In February of 2010, Jim Rogers, the world renowned investor, said concerning the [[Obama administration]]'s [[monetary policy]], that the [[European Union]], [[China|Chinese]], and [[Australia|Australian]] central bankers are more competent and honest than the [[Federal Reserve]].<ref>http://www.youtube.com/watch?v=zzTXaAXusiI</ref> Furthermore, Mr. Rogers asserted that Federal Reserve Chairman [[Ben Bernanke]], whom President Obama re-appointed to be the Chairman of the Federal Reserve, is "throwing gasoline on a fire" via his [[inflation|inflationary]] policies which are debasing the United States dollar.<ref>http://www.youtube.com/watch?v=zzTXaAXusiI</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> Proponents of [[free market]] capitalism said Bernanke should not have bailed out failing firms and instead should have allowed free market capitalism to quickly recover as it did in the depression of 1920 without government intervention (free market capitalists assert that government intervention drags out economic recessions and depressions).<ref>http://www.youtube.com/watch?v=zzTXaAXusiI</ref><ref>http://www.youtube.com/watch?v=czcUmnsprQI</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 administration has been sharply criticized for [[Obama administration deficit spending|its massive deficit spending]] and [[Obama administration 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 Obama and United States Unemployment == − − ''For more information please see'': [[Barack Obama and United States Unemployment]] − − The United States unemployment rate was 9.7% in February of 2010.<ref>http://www.dsnews.com/articles/unemployment-rate-unchanged-at-97-2010-03-05</ref> In addition, on March 5, 2010, MarketWatch reported concerning U.S. unemployment, "The U6 alternative gauge of the unemployment rate, which includes discouraged workers and those forced to work part-time, rose to 16.8% from 16.5%."<ref>http://www.marketwatch.com/story/payrolls-fall-36000-jobless-rate-steady-at-97-2010-03-05?reflink=MW_news_stmp</ref> − − A Kauffman Foundation study found that American entrepreneurs will limit hiring in 2010.<ref>http://www.gaebler.com/News/Small-Business-Finance/Entrepreneurs-will-limit-hiring-in-2010-19568840.htm</ref> According to the U.S. Small Business Administration, "Over a recent 15-year period, small businesses created some 65 percent of the net new jobs in the private sector."<ref>http://www.sba.gov/advo/press/10-03.html</ref> On February 12, 2010, an [[American]] small business owner published a piece in the ''American Thinker'' critical of President [[Obama]] entitled, ''Dear Mr. President: Why We Are Not Hiring '' that was reflective of anti-[[Obama administration]] policy sentiment among many United States small business owners. <ref>http://www.americanthinker.com/2010/02/dear_mr_president_why_we_are_n.html</ref> American businessman William H Watson also wrote a piece critical of President Obama policies entitled, ''Why is Small Business Not Hiring?''<ref>http://www.goarticles.com/cgi-bin/showa.cgi?C=2509637</ref> Given that small business owners are among the most respected individuals in the United States with a 94% approval rating among the U.S. public, small business owners speaking out against President Obama's policies likely contributes to his plunging approval ratings among the United States public.<ref>http://www.rasmussenreports.com/public_content/business/general_business/september_2009/americans_now_view_congress_as_least_respected_job</ref> On March 6, 2010, a coalition of business people allied with the U.S. Chamber of Commerce, announced they were going spend between 4-10 million dollars in ads criticizing ObamaCare. The ads will be focused on how ObamaCare will hurt companies by adding additional taxes and requirements plus it will not control medical costs.<ref>http://www.businessweek.com/news/2010-03-10/obama-s-health-care-push-gets-challenge-from-business-coalition.html</ref> − − The ''Christian Science Monitor'' questions whether [[Obama]] is tough enough to help [[America]] break down foreign trade barriers which would create more American jobs.<ref>http://www.csmonitor.com/Commentary/the-monitors-view/2010/0311/Jobs-jobs-jobs-For-Obama-they-lie-in-more-exports</ref> − − === Obama Policies and Return of Stagflation Concerns === − In February of 2010, the ''[[Washington Times]]'' reported: − {{cquote|Prices rose 2.7 percent during 2009, according to the Bureau of Labor Statistics' recent update of the Consumer Price Index (CPI). This is a worrisome fact because last year's unemployment rate averaged more than 9 percent. This trend may signal a return of "stagflation," a merger of stagnation and [[inflation]]. − − In the 1970s, stagflation shocked traditional [[Keynesian economics|Keynesian]] economists, whose models said the economy could not suffer from both high unemployment and rapid inflation at the same time. Unfortunately, the Keynesians were wrong, because an economy obviously can experience both evils simultaneously... − − It seems every week the Obama administration announces some new tax or mandate that will further handicap businesses. Regardless of the official definitions of recession, the economy will remain sluggish for years to come. But if the [[Federal Reserve]] continues with its reckless policies, Americans will experience high inflation on top of high unemployment. As in the late 1970s, Americans will see that the pundits are wrong, because stagflation is very real.<ref>http://washingtontimes.com/news/2010/feb/19/setting-the-stage-for-stagflation/</ref>}} − − '''The ''Christian Science Monitor'' questions whether [[Obama]] is tough enough''' to help [[America]] break down foreign trade barriers which would create more American jobs.[http://www.csmonitor.com/Commentary/the-monitors-view/2010/0311/Jobs-jobs-jobs-For-Obama-they-lie-in-more-exports]
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*White House Communications Office Director [[Anita Dunn]].
*White House Communications Office Director [[Anita Dunn]].
== Books ==
== Books ==