Changes

Critics of the Obama administration have coined the word "[[Obamunism]]" to describe Barack Obama's [[socialism|socialistic]] and "[[fascism]] light" [[economic planning]] policies.<ref>[[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><ref>{{cite web|url=http://www.thebigmoney.com/articles/daily-intel/2009/07/20/obamunism-inc|work=The Big Money|publisher=WashingtonPost.Newsweek Interactive Co. LLC|format=HTML|language=English|title=Obamunism, Inc.|author=David Sessions|date=July 20, 2009}}</ref><ref>{{cite web|url=http://www.smallbusinessadvocate.com/small-business-interviews/gerald-celente-6944|author=Jim Blasingame|title=Is the government creating a bailout bubble?}}</ref>  Obamunism can also refer to Obama's [[Obama administration fiscal policy|ruinous fiscal policies]] and [[Obama administration monetary policy|reckless monetary policies]].<ref name="gerard">{{cite web|url=http://seekingalpha.com/article/120883-monetary-policynot-obama-s-stimulusis-what-needs-watching|title=Monetary Policy-Not Obama's Stimulus-Is What Needs Watching|author=Gerard Jackson|date=February 16, 2009|work=Seeking Alpha}}</ref><ref name="bam">{{cite web|work=New York Post|date=May 17, 2009|url=http://www.nypost.com/seven/05172009/postopinion/editorials/bams_wise_words_169731.htm|title=BAM'S WISE WORDS}}</ref><ref>{{cite web|url=http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/|title=Bush Deficit vs. Obama Deficit in Pictures|work=The Foundry|publisher=The Heritage Foundation|author=Conn Carroll|date=March 24th, 2009}}</ref>  As seen in his own actions, Barack Obama instructed his advisors to find loopholes that would enable the president to act as a [[dictator]] by pushing through legislation and increases in spending without congressional authority.<ref>http://www.theblaze.com/stories/executive-dictatorship-obama-instructs-advisers-to-push-through-stimulus-projects-without-pesky-congressional-authorization/</ref>   

Critics of the Obama administration have coined the word "[[Obamunism]]" to describe Barack Obama's [[socialism|socialistic]] and "[[fascism]] light" [[economic planning]] policies.<ref>[[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><ref>{{cite web|url=http://www.thebigmoney.com/articles/daily-intel/2009/07/20/obamunism-inc|work=The Big Money|publisher=WashingtonPost.Newsweek Interactive Co. LLC|format=HTML|language=English|title=Obamunism, Inc.|author=David Sessions|date=July 20, 2009}}</ref><ref>{{cite web|url=http://www.smallbusinessadvocate.com/small-business-interviews/gerald-celente-6944|author=Jim Blasingame|title=Is the government creating a bailout bubble?}}</ref>  Obamunism can also refer to Obama's [[Obama administration fiscal policy|ruinous fiscal policies]] and [[Obama administration monetary policy|reckless monetary policies]].<ref name="gerard">{{cite web|url=http://seekingalpha.com/article/120883-monetary-policynot-obama-s-stimulusis-what-needs-watching|title=Monetary Policy-Not Obama's Stimulus-Is What Needs Watching|author=Gerard Jackson|date=February 16, 2009|work=Seeking Alpha}}</ref><ref name="bam">{{cite web|work=New York Post|date=May 17, 2009|url=http://www.nypost.com/seven/05172009/postopinion/editorials/bams_wise_words_169731.htm|title=BAM'S WISE WORDS}}</ref><ref>{{cite web|url=http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/|title=Bush Deficit vs. Obama Deficit in Pictures|work=The Foundry|publisher=The Heritage Foundation|author=Conn Carroll|date=March 24th, 2009}}</ref>  As seen in his own actions, Barack Obama instructed his advisors to find loopholes that would enable the president to act as a [[dictator]] by pushing through legislation and increases in spending without congressional authority.<ref>http://www.theblaze.com/stories/executive-dictatorship-obama-instructs-advisers-to-push-through-stimulus-projects-without-pesky-congressional-authorization/</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=czcUmnsprQI</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, and many argue that it was not helpful in making the United States economy more productive and prosperous by encouraging more risk taking through letting banks off with a slap on the wrist.  Others argue that bailing out the banks kept credit flowing and prevented a much deeper recession and a total collapse of the financial system.  The government will recoup some though not all of its capital infusions over time.  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=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 name="celente1">http://www.youtube.com/watch?v=8MMX3SKzrfU&feature=channel_page</ref><ref name="celente2">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>   

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 name="celente1">http://www.youtube.com/watch?v=8MMX3SKzrfU&feature=channel_page</ref><ref name="celente2">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 name="gerard"/><ref name="bam"/><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 name="celente1"/><ref name="celente2"/>

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 name="gerard"/><ref name="bam"/><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 name="celente1"/><ref name="celente2"/>

During what the [[White House]] billed as [[Recovery Summer]], one half million workers per week continued losing their jobs. His signature legislative achievement, [[ObamaCare]], the federal courts have found to be [[unconstitutional]]<ref>http://www.bloomberg.com/news/2010-12-13/u-s-health-care-law-requirement-thrown-out-by-judge.html</ref> and is credited as a major cause of uncertainty, high [[unemployment]],<ref>http://www.humanevents.com/article.php?id=33220</ref> lagging job creation,<ref>http://blog.heritage.org/2010/08/05/it%E2%80%99s-official-medicare%E2%80%99s-finances-shadowed-by-uncertainty/</ref> and risk of a credit default crisis.<ref>http://www.washingtonpost.com/wp-dyn/content/article/2010/03/28/AR2010032802353.html</ref><ref>http://www.thestreet.com/story/10703361/cramer-obamacare-will-topple-the-market.html</ref>  

During what the [[White House]] billed as [[Recovery Summer]], one half million workers per week continued losing their jobs. His signature legislative achievement, [[ObamaCare]],has been found to be [[unconstitutional]]<ref>http://www.bloomberg.com/news/2010-12-13/u-s-health-care-law-requirement-thrown-out-by-judge.html</ref> by several judges and constitutional by others, and is credited as a major cause of uncertainty, high [[unemployment]],<ref>http://www.humanevents.com/article.php?id=33220</ref> lagging job creation,<ref>http://blog.heritage.org/2010/08/05/it%E2%80%99s-official-medicare%E2%80%99s-finances-shadowed-by-uncertainty/</ref> and risk of a credit default crisis.<ref>http://www.washingtonpost.com/wp-dyn/content/article/2010/03/28/AR2010032802353.html</ref><ref>http://www.thestreet.com/story/10703361/cramer-obamacare-will-topple-the-market.html</ref>  

His 2012 Budget plan has been roundly criticized in the mainsream and liberal press as not a serious effort to deal with the nation's economic crisis.<ref>[http://republican.senate.gov/public/index.cfm?FuseAction=blogs.view&blog_id=1551d6f5-2ac9-4b8d-97ab-74def354024e Newspapers Call Out White House: ‘What Would That Path Be, Mr. President?’]</ref>

His 2012 Budget plan has been roundly criticized in the mainstream and liberal press as not a serious effort to deal with the nation's economic crisis.<ref>[http://republican.senate.gov/public/index.cfm?FuseAction=blogs.view&blog_id=1551d6f5-2ac9-4b8d-97ab-74def354024e Newspapers Call Out White House: ‘What Would That Path Be, Mr. President?’]</ref>

=====Healthcare=====

=====Healthcare=====