Obama and his supporters want to have a conversation. One where they control the topic first, the message and questions second, to the extent they are able. But the first is the big one, lets talk about Mitt’s taxes, Gay marriage, reproductive rights,
green energy, Mrs. Romney’s horse, etc… Anything but Obama’s record on jobs or the economy. I get some emails from Glenn Beck. Most I delete without reading, but a recent one caught my eye.
As much as one Billion dollars was given as tax credits to children, prisoners or others who do not own homes for energy efficiency improvements.
70 Facts About Our Economy Obama Probably Doesn’t Want You To See
A stunning collection of 70 facts about the U.S. economy just posted on the web is probably not going to make it into the next campaign ad from the folks at Obama for America. However, you might want to read it. http://theeconomiccollapseblog.com/archives/the-u-s-economy-by-the-numbers-70-facts-that-barack-obama-does-not-want-you-to-see
TheBlaze has culled 10 from the list of 70 here:
- The price of gas – When Obama took office, a gallon of gas cost you $1.85. Today, it’s up to $3.59 per gallon (July’s rise was 17 cents a gallon).
- 71% of small business owners believe we’re still in a recession — Despite government claims that the recession actually ended years ago, a majority of small business owners feel very differently.
- You have to work 107 days each year just to pay Federal, State, & Local taxes – That means you don’t earn a penny until April 18th.
- More than 30% of unemployed Americans have been out of work for more than a year – In 2007, that number was 10%.
- Low income America – According to NBC News, virtually half of all Americans are considered to be “low income” or living in poverty.
- Propping up the economy by monetizing our massive debt — In 2008, the Federal Reserve bought “negligible” amounts of our debt, last year the Fed purchased 61% of the government debt issued by the Treasury Dept.
- Speaking of “no faith in the US Dollar” – The price of gold when Obama was inaugurated, $850 an ounce. Today, gold is over $1500.
- The disappearing family farm – In the mid-1930s, America had an estimated 6.8 million farms. Today, the EPA estimates that number to be right around two million (and getting squeezed more and more by constricting regulation).
- Another (bad) trade record set with China – In 2011, our trade deficit with China was almost $300 billion dollars. That is the single highest deficit that one country has had with another… ever.
- A stunning amount spent on stupid studies like Why do chimps throw their poop? – Almost $600,000 of your tax dollars was sent to the folks who studied chimpanzee poop tossing, plus $198,195 paid to find out if “tweeting” makes people happy… It’s all HERE.
Report: Cronyism, political donations likely behind Obama, Holder failure to charge any bankers after 2008 financial meltdown
A new report from the conservative Government Accountability Institute (GAI) finds that President Barack Obama’s and Attorney General Eric Holder’s failure to criminally charge any top Wall Street bankers is likely a result of cronyism inside the Department of Justice and political donations made to Obama’s campaign.
Despite Obama’s and Holder’s “heated rhetoric” against Wall Street (in 2009, Obama blamed the 2008 financial collapse on “reckless speculation of bankers” while Holder charged that “unscrupulous executives, Ponzi scheme operators and common criminals alike have targeted the pocketbooks and retirement accounts of middle class Americans”), they haven’t “filed a single criminal charge against any top executive of an elite financial institution,” GAI wrote in its report, exclusively obtained by The Daily Caller.
GAI argues that the Obama administration’s decision to not go after Big Finance is due to senior DOJ leadership — Holder, Associate Attorney General Tom Perrelli, Associate Attorney General Tony West, Assistant Attorney General Lanny Breuer, Deputy Attorney General James Cole and Deputy Associate Attorney General Karol Mason — who “all came to the DOJ from prestigious white-collar defense firms where they represented the very financial institutions the DOJ is supposed to investigate.”
The report details how Holder and Breuer both came to the DOJ from Covington & Burling, a “top-tier Washington law firm” with a client list that includes financial firms like Wells Fargo, J.P. Morgan Chase, Bank of America, CitiBank, Deutsche Bank, Goldman Sachs, ING, Morgan Stanley, UBS and Wilmington Trust.
GAI said that President Obama’s decision to choose Holder, “a white-collar defense attorney from Covington,” as his attorney general, over a “more fiery prosecutor,” appears to have sent “a subtle signal to the financial community” that this administration isn’t going to actually do anything, despite the harsh words.
Cole, the report outlines, was with Bryan Cave LLP — “a white-shoe firm with A-list clients” — before becoming Holder’s right-hand man at the DOJ. One of Cole’s clients while at Bryan Cave LLP, the GAI report shows, was insurance and financial giant AIG.
Cole had done $20 million worth of work for AIG between 2004 and 2008, but his close ties with the company — which was “at the heart of the financial crisis largely because of its noncompliance in regulatory and compliance issues” — didn’t stop Obama or Holder from welcoming him aboard their administration.