Late Friday, Standard and Poor’s (S&P) announced that they had lowered the United State’s credit rating from an AAA to an AA+. Moody's also followed suit with a down grade of their own.
In the real world, this reduction in credit rating is not a big deal. The stock market will be volatile for a few days or perhaps a week for investors to figure this out, but in the long run this reduction will have no lasting effect. The U.S. role in the World economy has not changed.
The only exception would be if the Obama administration intentionally creates a crisis.
As soon as the White House heard about the down grade, their spin machine was set into motion. They accused S&P of incompetence, they blamed Bush, they blamed the House of Representatives, they blamed the Tea Party, and they blamed the kitchen sink. Most of all, they blamed the House because of the drawn out negotiations to finally raise the debt ceiling in the eleventh hour.
You will note that they do not see themselves responsible at all. Nor did they point out that they had inherited an AAA rating from George Bush.
The down grade came as no surprise to those who were paying attention! The credit rating agencies had told anyone that would listen that the U.S. needed to cut spending by at least $4 trillion, in real spending, if we wanted to retain an AAA rating.
According to at least one S&P spokesman, the first bill PASSED by the House of Representatives and backed by the “Tea Party” would have met ALL the requirements. But as we all know the White House and Harry Reid declared it dead on arrival. Throughout the discussions on raising the Debt Ceiling, it was the Senate Democrats and the White House that stood as obstructionist’s and offered no plans of their own. And it was the Democrats that opposed all real spending cuts.
It has been made very clear that the only path back to an AAA rating must contain a ‘Balanced Budget Amendment’, because Congress cannot pass a bill that any future Congress or even by themselves cannot change.
Both parties are too blame for the massive debt. However, 80% of the current problem lies squarely on the shoulders of the Obama regime. A quote from S&P specifically said that Obamacare would require significant modifications to bring down the growing costs associated with it.
S&P never, in spite of the Democrats claims, stated that tax increases were needed and neither did Moody's. In fact, one of their concerns was that we keep going to a relatively small number of sources with our ever growing taxation.
A GAO report stated that if we doubled the amount of taxes received from all current payers, we would still fall short of our annual expenditures by about ½ a trillion dollars.
It is the “Tea Party” that was pushing for a ‘Debt Ceiling’ bill that would have protected the AAA credit rating and moved the nation toward a sound financial policy by insisting that a ‘Balanced Budget Amendment” be moved through Congress and sent to the states.
The Democrats have been terrified by the grassroots ‘Tea Party’ movement and take every opportunity to attack them. “Why? Because that is what they do!” (line borrowed from Chris Plante/talk radio host).
However, if we are going to save this nation, Democrats, Republicans, Independents, Conservatives, and others had better adopt the ‘Tea Party’ values of getting back to the Constitution, while reducing the size and cost of the Federal government.
Ronald Reagan used to say, “The government is not the solution to the problem, the government is the problem.”
Never has that been truer than it is today. We have the EPA about to cost millions of jobs and trillions of dollars with phony baloney, Cap and Trade’ carbon regulations, Obamacare is already on its way to bankrupt the nation while destroying the best heath care system in the World, and there is the planned energy policy which will cost even more jobs and kill the economy, just in case all else fails.
If you don’t believe that Obama wants to economically destroy America, ask yourself, If he wanted to destroy America’s economy and prestige, what would he have done differently? The answer is nothing would have been different!
No one could be that wrong or that stupid by accident!
Wake up People! You have to be the ones that save America!
God bless the ‘Tea Party’ and all others that think like them.
Showing posts with label Cap and Trade. Show all posts
Showing posts with label Cap and Trade. Show all posts
Monday, August 8, 2011
Saturday, April 23, 2011
Soros/Obama Conspire To, “End America as we know it!”
A few weeks ago, George Soros hosted a major economic conference, called the Bretton Woods Event, whose purpose was to change the entire global economy. The main objective is to remove America as a key player in the world’s economy by destroying the Dollar. The major media paid little attention to the event.
What can George Soros do to harm the Dollar? You may ask.
It was the billionaire Soros who crushed the British pound through currency trading. He has declared that he plans to reform the world’s currency system. The America hating Soros has publicly stated, America must end its reign as the world reserve currency. In 2009, Soros wrote, “The dollar no longer enjoys the trust and confidence that it once did, yet no other currency can take its place.”
In October 2009, Soros founded the Institute for New Economic Thinking (INET) with a donation of $50 million of his own money. The founding of INET was a major move toward undermining the dollar.
Long time Soros friend, Nobel Prize Winner, Joseph Stiglitz chairs the ‘UN General Assembly on Reforms of the International Monetary and Financial System.’ Stiglitz is arguing for a new 'global system,' saying the current one is 'fundamentally unfair because it means that poor countries are lending to the U.S. at close to zero interest rates.'
It has only been a few weeks, since the Bretton Woods event, but the move against the dollar has gained momentum rapidly. In 2009, Soros wrote “The rising powers must be present at the creation of this new system to ensure that they will be active supporters.”
Those rising powers have begun to join together--
The BRICS member nations - Brazil, Russia, India, China and South Africa – held a summit meeting one week after Soros held his. The BRICS nations are calling for “Restructuring of the World War II-era global financial system and an eventual end to the long reign of the U.S. dollar as the world's reserve currency.”
One of the options being considered is called “Special Drawing Rights” (SDRs). SDRs are essentially a mix of - the Euro, Japanese Yen, Pound Sterling and U.S. Dollar. A switch to the SDRs would result in the decline of the U.S. economy.
There is also considerable support to include the Chinese Remimbi in the SDR’s.
The odds on favorite to become the new leader of the “International Monetary Fund is former British Prime Minister Gordon Brown. This is significant because Brown is a Soros believer and attended the Bretton Woods Event.
Brown’s major contribution to that conference was the line, “American and European dominance is no longer a fact.'
Soros once pledged that he was willing to spend every penny of his vast fortune to bring America to her knees. He is working hard to make that desire a reality.
For years, Soros has used his billions to influence elections, fund radical anti-American organizations including ACORN, La Raza, MoveOn.org, NOW and the Center for American Progress -- an organization that is feeding progressive talking points to the Obama administration.
There is a great deal of evidence that indicates that Soros, through his many organizations, bought the 2008 election for Obama.
Obama, who also hates America (read his damn books) is repaying Soros big time!
Just look at what Obama is doing to undermine the economy and the dollar:
1. Extremely high fuel prices cause by the administration!
2. Bankruptcy as the result of government spending
3. A total moratorium on any new Oil and Gas production
4. Destruction of the Coal Industry and forcing the shutdown of Coal fueled power plants
5. The pushing of Cap and Trade regulations by the EPA
6. The government seizure of corporations, with more to come
7. The massive redistribution of wealth
8. The takeover (and destruction) of the healthcare system
9. The absolute refusal to recognize the need for budget-cuts
10. He has done absolutely nothing to help create jobs.
All of these have led to a major reduction in the United State’s bond rating, as announced by Standard and Poors, this week.
That reduction in our bond rating has greatly strengthened Soros' hand, and you now have the makings for “The End of America as we know it!”
“The End of America as we know it!”; wasn’t that an Obama campaign pledge?
Obama's answer to everything is a big speech packed with lies.
-- WD
Comments are invited!
Send feedback to: WatchDog
.
What can George Soros do to harm the Dollar? You may ask.
It was the billionaire Soros who crushed the British pound through currency trading. He has declared that he plans to reform the world’s currency system. The America hating Soros has publicly stated, America must end its reign as the world reserve currency. In 2009, Soros wrote, “The dollar no longer enjoys the trust and confidence that it once did, yet no other currency can take its place.”
In October 2009, Soros founded the Institute for New Economic Thinking (INET) with a donation of $50 million of his own money. The founding of INET was a major move toward undermining the dollar.
Long time Soros friend, Nobel Prize Winner, Joseph Stiglitz chairs the ‘UN General Assembly on Reforms of the International Monetary and Financial System.’ Stiglitz is arguing for a new 'global system,' saying the current one is 'fundamentally unfair because it means that poor countries are lending to the U.S. at close to zero interest rates.'
It has only been a few weeks, since the Bretton Woods event, but the move against the dollar has gained momentum rapidly. In 2009, Soros wrote “The rising powers must be present at the creation of this new system to ensure that they will be active supporters.”
Those rising powers have begun to join together--
The BRICS member nations - Brazil, Russia, India, China and South Africa – held a summit meeting one week after Soros held his. The BRICS nations are calling for “Restructuring of the World War II-era global financial system and an eventual end to the long reign of the U.S. dollar as the world's reserve currency.”
One of the options being considered is called “Special Drawing Rights” (SDRs). SDRs are essentially a mix of - the Euro, Japanese Yen, Pound Sterling and U.S. Dollar. A switch to the SDRs would result in the decline of the U.S. economy.
There is also considerable support to include the Chinese Remimbi in the SDR’s.
The odds on favorite to become the new leader of the “International Monetary Fund is former British Prime Minister Gordon Brown. This is significant because Brown is a Soros believer and attended the Bretton Woods Event.
Brown’s major contribution to that conference was the line, “American and European dominance is no longer a fact.'
Soros once pledged that he was willing to spend every penny of his vast fortune to bring America to her knees. He is working hard to make that desire a reality.
For years, Soros has used his billions to influence elections, fund radical anti-American organizations including ACORN, La Raza, MoveOn.org, NOW and the Center for American Progress -- an organization that is feeding progressive talking points to the Obama administration.
There is a great deal of evidence that indicates that Soros, through his many organizations, bought the 2008 election for Obama.
Obama, who also hates America (read his damn books) is repaying Soros big time!
Just look at what Obama is doing to undermine the economy and the dollar:
1. Extremely high fuel prices cause by the administration!
2. Bankruptcy as the result of government spending
3. A total moratorium on any new Oil and Gas production
4. Destruction of the Coal Industry and forcing the shutdown of Coal fueled power plants
5. The pushing of Cap and Trade regulations by the EPA
6. The government seizure of corporations, with more to come
7. The massive redistribution of wealth
8. The takeover (and destruction) of the healthcare system
9. The absolute refusal to recognize the need for budget-cuts
10. He has done absolutely nothing to help create jobs.
All of these have led to a major reduction in the United State’s bond rating, as announced by Standard and Poors, this week.
That reduction in our bond rating has greatly strengthened Soros' hand, and you now have the makings for “The End of America as we know it!”
“The End of America as we know it!”; wasn’t that an Obama campaign pledge?
Obama's answer to everything is a big speech packed with lies.
-- WD
Comments are invited!
Send feedback to: WatchDog
.
Thursday, February 10, 2011
The EPA: Public Enemy #1
The Obama administration has been unsuccessful at getting the Congress to aid and abet them in committing economic suicide by passing “Cap and Trade” and other Carbon regulating laws.
This administration, not about to be hamstrung by constitutional checks and balances, is making an end-run around Congress and using the EPA to do its dirty work.
Economists, on both sides of the issue admit that regulations currently being drawn up by the EPA are going to cost jobs and drive-up the cost of nearly everything that we purchase. The only difference, between the two sides, is how much?
The administrations statements tell us that we will see gasoline at somewhere around $8 per gallon, the cost of electricity will more than double, the cost of food may more than double, and tens of thousands of jobs will be lost!
Obama and crew are of course painting a “BEST” case scenario for us. The truth will be much worse.
In addition, these new regulations will prevent job creation and economic recovery.
On January 7, 2011, the EPA took its first step toward Carbon regulation when they went after their first target, Louisiana Department of Environmental Quality (LDEQ). What was LDEQ’s great sin? They had approved the construction of a new steel mill by NICOR Steel in St. James Parish, La. As a condition of the approval LDEQ had required NICOR to use” good combustion practices” to control Greenhouse Emissions!
The EPA objected because NICOR had not been required to implement “Carbon Capture and Store” technology; a technology which is not commercially available.
This single action is preventing the generation of hundreds immediate jobs and is preventing 10’s if not 100’s of millions of dollars in economic growth in La and the nation.
The GOP in both Houses of Congress are introducing legislation aimed at reeling in the EPA, but these bills will be of no consequence as they will not pass in the Democrat controlled Senate.; even if they did pass in both Houses, the White House would veto them.
So what can Congress do? The simple answer is for the House to cut the budget for the EPA!
What? You say. That will take too long and the damage will be done!
Fortunately, the failure of the last Congress to enact a budget (they extended the old one until March 4, 2011) has opened a window of opportunity.
The House needs to slash EPA funding in the new budget and if necessary fight the fight required to enforce those cuts even if it means shutting the government down.
Historically, the GOP has allowed itself to be intimidated by the EPA. In 1995, with Newt Gingrich at the helm, the House made an effort to reform the EPA but that effort collapsed under pressure generated by Carol Browner and friends.
Obama and his EPA are coming after each and everyone of us. They are all about us losing our jobs and our standard of living.
The big question is, are John Boehner and his supporting cast up to the task?
If not, we are doomed to a third world status at best.
Contact your Senators and Representatives and let them know that you want the EPA reined in.
Note: You can obtain the contact information by clicking on “U.S. Senate” and/or “U.S. House of Rep” listed in the suggested links section of this Blog. --WD
Comments are invited!
Send feedback to: WatchDog
.
This administration, not about to be hamstrung by constitutional checks and balances, is making an end-run around Congress and using the EPA to do its dirty work.
Economists, on both sides of the issue admit that regulations currently being drawn up by the EPA are going to cost jobs and drive-up the cost of nearly everything that we purchase. The only difference, between the two sides, is how much?
The administrations statements tell us that we will see gasoline at somewhere around $8 per gallon, the cost of electricity will more than double, the cost of food may more than double, and tens of thousands of jobs will be lost!
Obama and crew are of course painting a “BEST” case scenario for us. The truth will be much worse.
In addition, these new regulations will prevent job creation and economic recovery.
On January 7, 2011, the EPA took its first step toward Carbon regulation when they went after their first target, Louisiana Department of Environmental Quality (LDEQ). What was LDEQ’s great sin? They had approved the construction of a new steel mill by NICOR Steel in St. James Parish, La. As a condition of the approval LDEQ had required NICOR to use” good combustion practices” to control Greenhouse Emissions!
The EPA objected because NICOR had not been required to implement “Carbon Capture and Store” technology; a technology which is not commercially available.
This single action is preventing the generation of hundreds immediate jobs and is preventing 10’s if not 100’s of millions of dollars in economic growth in La and the nation.
The GOP in both Houses of Congress are introducing legislation aimed at reeling in the EPA, but these bills will be of no consequence as they will not pass in the Democrat controlled Senate.; even if they did pass in both Houses, the White House would veto them.
So what can Congress do? The simple answer is for the House to cut the budget for the EPA!
What? You say. That will take too long and the damage will be done!
Fortunately, the failure of the last Congress to enact a budget (they extended the old one until March 4, 2011) has opened a window of opportunity.
The House needs to slash EPA funding in the new budget and if necessary fight the fight required to enforce those cuts even if it means shutting the government down.
Historically, the GOP has allowed itself to be intimidated by the EPA. In 1995, with Newt Gingrich at the helm, the House made an effort to reform the EPA but that effort collapsed under pressure generated by Carol Browner and friends.
Obama and his EPA are coming after each and everyone of us. They are all about us losing our jobs and our standard of living.
The big question is, are John Boehner and his supporting cast up to the task?
If not, we are doomed to a third world status at best.
Contact your Senators and Representatives and let them know that you want the EPA reined in.
Note: You can obtain the contact information by clicking on “U.S. Senate” and/or “U.S. House of Rep” listed in the suggested links section of this Blog. --WD
Comments are invited!
Send feedback to: WatchDog
.
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