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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>
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>
== 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]
== Barack Obama and Liberal Elitism ==
== Barack Obama and Liberal Elitism ==