major malfunction.......

dems have been had w/this idiot....

every time he opens his mouth, the markets tank.....

-----snip------------------------

" Obama Will Agree to 9,000 Earmarks " - AKA: " MORE PORK "

Sunday, March 1, 2009 6:34 PM

President Barack Obama is set to sign a $410 billion spending bill
with some 9,000
earmarks — a practice he repeatedly criticized on the campaign trail
last year.

Dismissing the congressional pork as “last year’s business,’’ White
House chief of
staff Rahm Emanuel said Sunday that the president wasn’t happy with
the earmarks.
But, Emanuel said, Obama would nevertheless sign the bill.

Republicans criticized the increased spending and the abundance of
earmarks, which
account for $3.8 billion of the omnibus.

what's hussein hiding and why?


---------------wall street jrnl news snip----------------------
As 2009 opened, three weeks before Barack Obama took office, the Dow
Jones Industrial Average closed at 9034 on January 2, its highest
level since the autumn panic. Yesterday the Dow fell another 4.24% to
6763, for an overall decline of 25% in two months and to its lowest
level since 1997. The dismaying message here is that President Obama's
policies have become part of the economy's problem.

Americans have welcomed the Obama era in the same spirit of hope the
President campaigned on. But after five weeks in office, it's become
clear that Mr. Obama's policies are slowing, if not stopping, what
would otherwise be the normal process of economic recovery. From
punishing business to squandering scarce national public resources,
Team Obama is creating more uncertainty and less confidence -- and
thus a longer period of recession or subpar growth.

The Democrats who now run Washington don't want to hear this, because
they benefit from blaming all bad economic news on President Bush. And
Mr. Obama has inherited an unusual recession deepened by credit
problems, both of which will take time to climb out of. But it's also
true that the economy has fallen far enough, and long enough, that
much of the excess that led to recession is being worked off. Already
15 months old, the current recession will soon match the average
length -- and average job loss -- of the last three postwar downturns.
What goes down will come up -- unless destructive policies interfere
with the sources of potential recovery.

And those sources have been forming for some time. The price of oil
and other commodities have fallen by two-thirds since their 2008
summer peak, which has the effect of a major tax cut. The world is
awash in liquidity, thanks to monetary ease by the Federal Reserve and
other central banks. Monetary policy operates with a lag, but last
year's easing will eventually stir economic activity.

Housing prices have fallen 27% from their Case-Shiller peak, or some
two-thirds of the way back to their historical trend. While still
high, credit spreads are far from their peaks during the panic, and
corporate borrowers are again able to tap the credit markets. As
equities were signaling with their late 2008 rally and January top,
growth should under normal circumstances begin to appear in the second
half of this year.

So what has happened in the last two months? The economy has received
no great new outside shock. Exchange rates and other prices have been
stable, and there are no security crises of note. The reality of a
sharp recession has been known and built into stock prices since last
year's fourth quarter.

What is new is the unveiling of Mr. Obama's agenda and his approach to
governance. Every new President has a finite stock of capital --
financial and political -- to deploy, and amid recession Mr. Obama has
more than most. But one negative revelation has been the way he has
chosen to spend his scarce resources on income transfers rather than
growth promotion. Most of his "stimulus" spending was devoted to
social programs, rather than public works, and nearly all of the tax
cuts were devoted to income maintenance rather than to improving
incentives to work or invest.

His Treasury has been making a similar mistake with its financial
bailout plans. The banking system needs to work through its losses,
and one necessary use of public capital is to assist in burning down
those bad assets as fast as possible. Yet most of Team Obama's
ministrations so far have gone toward triage and life support, rather
than repair and recovery.

AIG yesterday received its fourth "rescue," including $70 billion in
Troubled Asset Relief Program cash, without any clear business
direction. (See here.) Citigroup's restructuring last week added not a
dollar of new capital, and also no clear direction. Perhaps the
imminent Treasury "stress tests" will clear the decks, but until they
do the banks are all living in fear of becoming the next AIG. All of
this squanders public money that could better go toward burning down
bank debt.

The market has notably plunged since Mr. Obama introduced his budget
last week, and that should be no surprise. The document was a
declaration of hostility toward capitalists across the economy. Health-
care stocks have dived on fears of new government mandates and price
controls. Private lenders to students have been told they're no longer
wanted. Anyone who uses carbon energy has been warned to expect a huge
tax increase from cap and trade. And every risk-taker and investor now
knows that another tax increase will slam the economy in 2011, unless
Mr. Obama lets Speaker Nancy Pelosi impose one even earlier.

Meanwhile, Congress demands more bank lending even as it assails
lenders and threatens to let judges rewrite mortgage contracts. The
powers in Congress -- unrebuked by Mr. Obama -- are ridiculing and
punishing the very capitalists who are essential to a sustainable
recovery. The result has been a capital strike, and the return of the
fear from last year that we could face a far deeper downturn. This is
no way to nurture a wounded economy back to health.

Listening to Mr. Obama and his chief of staff, Rahm Emanuel, on the
weekend, we couldn't help but wonder if they appreciate any of this.
They seem preoccupied with going to the barricades against Republicans
who wield little power, or picking a fight with Rush Limbaugh, as if
this is the kind of economic leadership Americans want.

Perhaps they're reading the polls and figure they have two or three
years before voters stop blaming Republicans and Mr. Bush for the
economy. Even if that's right in the long run, in the meantime their
assault on business and investors is delaying a recovery and ensuring
that the expansion will be weaker than it should be when it finally
does arrive

everytime this jackass opens his mouth, or comes up
with a new plan the markets tank.....interesting....

what a ****' tard....

------news snip-------------

Caracas - Venezuelan President Hugo Chavez on Friday called upon US
President Barack Hussein Obama to follow the path to socialism, which
he termed
as the "only" way out of the global recession. "Come with us, align
yourself,
come with us on the road to socialism. This is the only path. Imagine
a
socialist revolution in the United States," Chavez told a group of
workers
in the southern Venezuelan state of Bolivar.

"You cannot legislate the poor into freedom by legislating the wealthy
out of freedom.
What one person receives without working for, another person must work
for without
receiving. The government cannot give to anybody anything that the
government does
not first take from somebody else. When half of the people get the
idea that they do
not have to work because the other half is going to take care of them,
and when the
other half gets the idea that it does no good to work because somebody
else is going
to get what they work for, that my dear friend, is about the end of
any nation. You
cannot multiply wealth by dividing it."

~~~~~ Dr. Adrian Rogers, 1931 - 2005 ~~~~~








On Feb 10, 3:56*pm, "~^ beancounter ~^" wrote:
hussein obama ****s up again.......

Stocks slumped today, with the Dow ending at a 3-month low,
as the government's bank rescue plan failed to reassure investors
burned by the 14-month old recession. The Dow Jones industrial
average lost 382 points, or 4.6 percent, according to early tallies.
The bailout plan "was a huge disappointment," one economist said.

Democrats destroy the housing industry with Fannie Mae and Freddie Mac
then blame President George W. Bush for the Housing Crisis. Democrats
steal our money via taxes, but ridicule corporations for making a
profit. Democrats call people racist for doing what they do with no
shame.

During the election, to highlight Barack Hussein Obama’s constant
position changing, two entrepreneurs cooked up “Obama Waffles”,
selling the mix in boxes featuring caricatures of Barack Hussein
Obama. Liberal Democrats predictably called it racist and even got
them tossed out of a national event by complaining to reporters who
provided the equally predictable bad press.

Democrats have now stopped a black American, Senate designate Roland
Burris, from entering the Senate and taking his rightful place as
Junior Senator from IL. It’s outrageous, offensive to the American
people, insulting to the people of Illinois, and disrespectful to the
Senate itself. What does it say about an American political party that
prevents a qualified black man from becoming a US Senator...racist,
hypocrites!

Democrats like portraying themselves as the best friend of the black
American community while disrespecting their representatives.
Democrats see a person not as an individual but the color of their
skin first and foremost..... That is the definition of a racist.
Democrats love to play racial politics to divide us and make us hate
and distrust our neighbors.

Democrats complained of the increased deficit before the 2006
election. But since gaining control of government in 2006 the national
debt has increased by 23% in just two years. In typical hypocritical
fashion they blame others for their own lack of fiscal responsibility
and ability to govern effectively.

Democrats are corrupt hypocrite racist and no honest, self-respecting
Leftist Liberal Democrat (an oxymoron) can deny these truths.

The toilet is flushing and Capitalism is going down the drain to make
room for the stinky turd that is Socialism.

Capitalism is the uneven distribution of wealth
Socialism is the equal distribution of poverty.

The Axis of Taxes - Harry Mason Reid / Nancy Patricia D'Alesandro
Pelosi / Barack Hussein Obama.

NEW YORK — The election of Barack Obama offered the promise of a new
set of fixes for the financial crisis and the economy, a do-over that
might help nurse the stock market back to health.

Since then, the market hasn't just gotten worse — it's turned in its
worst performance ever for a new president.

The Dow Jones industrial average has fallen 21 percent during Obama's
first seven weeks in office. Count back to Election Day and the
results are even bleaker: That afternoon, the Dow closed at 9,625. Now
it stands at 6,547, a loss of 32 percent






On Feb 10, 3:56*pm, "~^ beancounter ~^" wrote:
hussein obama ****s up again.......

Stocks slumped today, with the Dow ending at a 3-month low,
as the government's bank rescue plan failed to reassure investors
burned by the 14-month old recession. The Dow Jones industrial
average lost 382 points, or 4.6 percent, according to early tallies.
The bailout plan "was a huge disappointment," one economist said.

As for the first 50 Days.....

# The Dow at a 10-year low.
# A tax cheat running the IRS
# Another tax cheat as the Chief of Staff
# A trillion-dollar plus federal deficit
# Over one-half of voters relieved of any federal tax liability
# Government mandated limits on executive compensation
# Three failed attempts and still no Commerce Secretary
# Tom Daschle rides his free limo into the sunset - after paying taxes
he evaded.
# The White House performance czar turns out to be a tax cheat also
# Lobbyists hired to work for the Obama Administration
# The census gets politicized
# Double government spending in one year
# The word “freedom” fades into obscurity
# Increasing home loan mortgage rates across the board
# Millions of Americans made dependent on government
# Moving unionization-by-intimidation forward
# Welfare checks become “tax cuts.”
# Illegal aliens free to work on taxpayer-funded “stimulus” projects
# Welfare reform reversed, states ordered to increase welfare roles
# Move to silence critical talk radio shows
# Selling Senate seats
# Obama books in religious sections of book stores
# More government workers, not private sector jobs
# A government bureaucracy to intrude on doctor/patient relationships
# Stage set for medical services rationing
# Annual welfare checks for middle income families

Senate Minority Leader Mitch McConnell (R-Ky.) has come up with a
vivid new way to express his contention that the nation is spending
way
too much money it doesn’t have.

McConnell includes the tweaks in his opening remarks on the Senate
floor on the 51st day that President Obama has been in office.

“In just 50 days, Congress has voted to spend about $1.2 trillion
between
the Stimulus and the Omnibus,” McConnell says. “To put that in
perspective,
that’s about $24 billion a day, or about $1 billion an hour—most of it
borrowed.
There’s simply no question: government spending has spun out of
control.”

50 days times 24 hours equals 1,200 hours. 1,200 times 1 billion
equals 1.2 trillion (a thousand billions is a trillion).

sure...why not...oh wait ..... let me guess ...

i'm a racist..right? ha!! dem's are 2 funny......



--------news snip--------------------------

WASHINGTON -- When Rep. Barney Frank was looking to aid a
Boston-based lender last fall, the Massachusetts Democrat urged
Maxine Waters, a colleague on the House Financial Services
Committee, to "stay out of it," he says.

The reason: Ms. Waters, a longtime congresswoman from California,
had close ties to the minority-owned institution, OneUnited Bank.

Ms. Waters and her husband have both held financial stakes in the
bank. Until recently, her husband was a director. At the same time,
Ms. Waters has publicly boosted OneUnited's executives and criticized
its government regulators during congressional hearings. Last fall,
she helped secure the bank a meeting with Treasury officials