Posted by
Jamaal Long on Wednesday, January 14, 2009 1:44:49 PM
Hope? Nope
By Jamaal Long
He voted for reauthorization of the Patriot Act. He voted for the Foreign Intelligence Surveillance Act (FISA) law giving retroactive immunity to telecommunication companies for breaking the law. Out 130 members of the House and 23 members in the Senate who voted against the war, he picked a bunch of loony liberal war hawks to join him in the White House.
This raises a question for those of us who have not drank the Kool-Aid made with fluoride water.
What Change?
Even before Barack Obama became president-elect he has been talking out both sides of his mouth. While campaigning as the candidate for change his action, particularly how he votes, has indicated what we can really expect from an Obama administration.
Because people living in the United States of Amnesia remember less than nothing before Monday morning, except who won the football game on Sunday, they are unaware of Andrew Jackson’s farewell address warning about some of the plans Obama has for the country.
In his farewell address, Jackson explains what would happen if taxes were directed to the States for making improvements on infrastructure.
“. . .the Federal Government can not be permitted to employ its income in internal improvements, efforts will be made to seduce and mislead the citizens of the several States by holding out to them the deceitful prospect of benefits. . . and should [they] indulge in lavish expenditures exceeding their resources, they will before long find themselves oppressed with debts which they are unable to pay. . . . Do not allow yourselves, my fellow-citizens, to be misled on this subject. It is, moreover, a system of injustice, and if persisted it will inevitably lead to corruption, and must end in ruin. The surplus revenue will be drawn from the pockets of the people—from the farmer, the mechanic, and the laboring classes of society; but who will receive it when distributed among the States . . ? It will certainly not be returned to those who paid it and who have most need of it and are honestly entitled to it.”
Under Executive Order 12803 these public structures that Obama plans to build are up for sale. Which includes: roads, tunnels, bridges, electricity supply facilities, mass transit, rail transportation, airports, ports, waterways, water supply facilities, recycling and wastewater treatment facilities, solid waste disposal facilities, housing, schools, prisons, and hospitals.
This is how the foreign countries will be repaid after the dollars collapses.
This is how it works. Because the dollar is no longer attractive to even China, America won’t be able borrow money from other countries in order to pay for these projects. The Federal Government doesn’t collect enough taxes from its citizens to be self-sufficient and finance these projects, either.
So, the only alternative would be to turn to the private Federal Reserve Bank to print the money.
Here’s the problem. In order for prices to be stable, the money would need to be printed in direct proportion to the goods and services being produce other wise it will force the dollar to drop in value and prices to inflate to soak up all the excess money in the economy.
If the dollar continues to get weaker because of hyperinflation, then, just like Iceland our economy will melt and we will be on IMF and World Bank loans. The IMF and World Bank are criminal institutions that are notorious for imposing loan conditions that require countries to cut spending on education, nutrition and health care for lower 60 percent of income earners.
Even though the dollar would be worthless at that point America would still be obligated to pay its debt, the public infrastructure would need to be privatized and turned over to whomever this country has contracted debt with as collateral.
The other problem is that money would need to be paid back to the Federal Reserve as well. It is called a Federal Reserve “note” for a reason. A note by definition is an instrument of debt. The interest on that debt could very well amount to as much as the principle.
This is what Andrew Jackson was trying to warn against because his principles were rooted in the ideology of Republican form of government representative of people with everyone’s interest in mind.
Obama’s principles are rooted in what he learned as little Obammy sitting on the knee of his commie mommy.
For those that want the State to nanny up and breast-feed them from cradle to grave, Obama has other plans. Rewarding those that who fleece his sheeple.
He awarded the investment bankers, many who donated to his campaign, $700 billion despite evidence of widespread predatory lending in which people of color bore the brunt end of that financial fiasco. Blacks made up of 55 percent of sub-prime loans and within eight years lost $164 billion and $213 billion.
In a daring move, apparently believing that the Obama zombies wouldn’t notice he makes Penny Pritzker national finance chair of his presidential campaign. Pritzker is credited for being the creator of the mortgage-backed securities, which comprises of all those sub-prime loans. She also had to pay out $460 million for—I kid you not, predatory lending.
Many will not wake up to the realities of this man until they are homeless and living off one bowl of oatmeal a day from a soup kitchen. When that time comes the more appropriate question will be asked with one arm extended forward frailly clasping a Styrofoam cup and looking with sad puppy dog eyes at you fellow vagrant American as you ask him:
Got change?