By: Terresa Monroe-Hamilton
As many are exhibiting a collective sigh of relief in the belief that the economy has turned around, I look at the dead cat bounce in our markets and shake my head. Americans certainly cannot realistically believe that you can print your way out of economic trouble and spend yourself into a state of prosperity. We are spending money we don’t have and printing money so we can pretend we still have money. It’s ludicrous…
Now, sources are saying that President Obama and Rep. Henry Waxman are pushing for a key vote on the carbon tax BEFORE Memorial Day. Certain studies claim that this carbon tax will cost each family $3,100 each and every year.
Obama and his cronies are keen on getting this done as soon as possible because even other Democrats are beginning to waiver on this topic.
From Grassfire.org:
Last week, Obama met behind closed doors with House Democrats to pressure them to pass the Carbon Tax. Now, Waxman is even contemplating skipping the Subcommittee hearing on the $2 trillion Carbon Cap and Trade Tax and fast-tracking this new tax straight to his Energy and Commerce Committee.
Waxman wants this all done by the end of next week… and Team Obama is turning up the heat on key Democrats in the House to pressure quick passage of the Carbon Tax.
Americans are against this 2 to 1, but team Obama will try and do it any way. It will be the most oppressive form of taxation on Americans EVER. What’s a few trillion more in debt? And who cares if you are selling the majority of Americans into financial slavery? Obviously, Obama doesn’t.
Unemployment is at a new 25 year high and we are still bleeding out when it comes to jobs. The price of gas is going up and so is food and staples. So, while we are all cutting our expenses to the bone and earning less money – while Wall Street is in a state of perpetual denial – things are getting worse here in America not better. The credit card bubble is bursting and the real estate collapse has spread to commercial properties. And all the while, Obama is breaking the American piggy bank and spending like there is virtually no tomorrow. And at this rate for America, there won’t be…
I recommend you read a great article by Ray Robison on the failure of the foreclosure surge:
How’s Obama’s foreclosure policy working out?
Key excerpt:
It has been nearly three months since a newly sworn in President Obama stepped forward with a plan to rescue underwater homeowners from foreclosure. Now, we learn that the President’s $275 Billion foreclosure fix has floundered and failed. The professional media slobbered over Obama’s homeowner bailout under the pretext that they cared about the little guy/gal losing the family home. Yet as foreclosure numbers climb to a record, breakneck pace the media stubbornly refuses to note this enormous failure of the Obama administration. The foreclosure “surge” has been lost.
CNN is reporting that April saw a record 342,000 homes slip into the foreclosure process. And the worst is yet to come. According to the article, government intervention did slow down the process, for a moment. Some major lenders took a pause last February to see what the foreclosure bailout plan would bring. But the delay is over. According to CNN it will get worse next month as even more homes move into repossession.
When does the mass spending and taxation stop? When do Americans finally get real financial relief? When Obama has oppressed America to the point of revolt and baby, that’s going to be one bloody, violent engagement. Hope you got air bags…
