The weirdness of Obamanomics that
inevitably deepens the federal debt while concentrating wealth leaves us
breathless. The President expects Speaker Boehner to lose the game of debt
ceiling chicken and veer out of the crash course with the juggernaut of national
economic doom the President is driving toward. Speaker John "Crybaby'
Boehner probably will avoid the crash of federal fiscal default, too many
Republicans are heavily invested in the Wall Street financial swindle to draw
the federal debt line at 17 trillion dollars.
Why the President desires to
crash the U.S. economy is something of a mystery. It is possible to generally
consider the other main factors in the developing fiasco though. The media just
needs someone to blame, and with the wealth owned preponderantly by Republicans
it’s reasonable to support those leavering the organizational collectives known
as corporations from both sides of the political opinion line.
The Democrat Party represents the
rich and the middle class a little having thrown the poor under the bus some
time back. President Obama was the scarlet pimpernel rescuing the Bush tax cuts
twice from the jaws of expiration following his work at loaning trillions to
banks and giving them zero-interest loans worth 85 billion per month. With Fed
Reserve Chief Bernanke leaving he has nominated Janice Yellin to shout for the
economic loaves.
The Republican Party of course
works for global corporate collectivism through Wall Street stock networking.
They are for-the-rich plutocracy with token references to classical American
values of the founders. Not very nationalist these decades they have many
non-abomination supporting nationalist plain Republican members deceived into believing
the party has some nationalist pragmatism about it vestigially. Many of that
sort of Republican migrates seasonally to the Tea Party.
The Tea Party's values are
somewhat traditional, yet like libertarianist thought in the present era the
global Plutocracy would benefit most from financial deregulation. It is just
the poor and environmentalists that are concerned with reality nationally
speaking, yet they have very little real representation.
Obamanomics probably will deepen
public debt to 21 trillion dollars more or less. Interest on the public debt
will exceed one trillion annually. The Obama cult of personality drawing in
homosexual support is a rather unreasoning economic policy that has cash as a
kind of unreality to be printed out or taken from the rich with no consequences
for public debt. When the Premier of China asked Sect. Kerry about the debt
recently that highlighted the problem facing the poor in the years ahead when
the enormity of the debt brings financial austerity to the U.S.A. one way or
another.
In the future financial austerity
it is the poor that will suffer most with public programs for the poor being
cut first and foremost. The rich and middle class will be invested globally and
weather the financial storm well. The majority of democrats and the Republicans
that aren't prosperous will suffer most and find an unsympathetic global
majority unwilling to support a deficit financed life style for Americans with
loans. The rich will have outsourced quality jobs globally and made it very
difficult for Americans to negotiate for new quality jobs or defense of boundaries
from illegal immigration. Loss of political power will be the most direct
consequence for the Democrat and Republican middle class and poor who comprise
such a tiny minority of the world's population. The President seems too happy
to drive the economy into ruin, especially supported by a media with fantasy
economic reporting about the U6 as well as the state of the environment.
Speaker Boehner will not stop
public debt from deepening for he, as well as Chief Justice Roberts and bought
and paid for by the global Plutocracy.
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