The Obama Economy

[godoftrading]

Dick Morris has written an interesting article on what he expects will happen to the economy under Obama.

Here is an excerpt: "...In the name of short-term stimulus, he will give every American family (who makes less than $200,000) a welfare check of $1,000 euphemistically called a refundable tax credit. And he will so sharply cut taxes on the middle class and the poor that the number of Americans who pay no federal income tax will rise from the current one-third of all households to more than half. In the process, he will create a permanent electoral majority that does not pay taxes, but counts on ever-expanding welfare checks from the government. The dependency on the dole, formerly limited in pre-Clinton days to 14 million women and children on Aid to Families with Dependent Children, will now grow to a clear majority of the American population."

TheHill.com

 

[yakman]

By then the Chinese will own the country anyway

 

[WallStreetHero]

Open Letter to Barack Hussein Obama, President-elect of the United States of America by by Dr. Mahathir Mohamad and Former Prime Minister of Malaysia

Dear Mr. President,

I did not vote for you in the Presidential Election because I am Malaysian.

But I consider myself one of your constituents because what you do or say will affect me and my country as well.

I welcome your promise for change. Certainly your country, the United States of America needs a lot of changes.

That is because America and Americans have become the most hated people in the world. Even Europeans dislike your arrogance. Yet you were once admired and liked because you freed a lot of countries from conquest and subjugation.

It is the custom on New Year’s day for people to make resolutions. You must have listed your good resolutions already. But may I politely suggest that you also resolve to do the following in pursuit of Change.

1) Stop killing people. The United States is too fond of killing people in order to achieve its objectives. You call it war, but today’s wars are not about professional soldiers fighting and killing each other. It is about killing people, ordinary innocent people by the hundreds of thousands. Whole countries will be devastated.

War is primitive, the cavemen’s way of dealing with a problem. Stop your arms build up and your planning for future wars.

2) Stop indiscriminate support of Israeli killers with your money and your weapons. The planes and the bombs killing the people of Gaza are from you.

3) Stop applying sanctions against countries which cannot do the same against you.

In Iraq your sanctions killed 500,000 children through depriving them of medicine and food. Others were born deformed.

What have you achieved with this cruelty? Nothing except the hatred of the victims and right-thinking people.

4) Stop your scientists and researchers from inventing new and more diabolical weapons to kill more people more efficiently.

5) Stop your arms manufacturers from producing them. Stop your sales of arms to the world. It is blood money that you earn. It is un-Christian.

6) Stop trying to democratize all the countries of the world. Democracy may work for the United States but it does not always work for other countries.

Don’t kill people because they are not democratic. Your crusade to democratize countries has killed more people than the authoritarian Governments which you overthrew. And you have not succeeded anyway.

7) Stop the casinos which you call financial institutions. Stop hedge funds, derivatives and currency trading. Stop banks from lending non-existent money by the billions.

Regulate and supervise your banks. Jail the miscreants who made profits from abusing the system.

8 ) Sign the Kyoto Protocol and other international agreements.

9) Show respect for the United Nations.

I have many other resolutions for change which I think you should consider and undertake.

But I think you have enough on your plate for this 2009th year of the Christian Era.

If you can do only a few of what I suggest, you will be remembered by the world as a great leader. Then the United States will again be the most admired nation. Your embassies will be able to take down the high fences and razor-wire coils that surround them.

May I wish you a Happy New Year and a great Presidency.

Yours Sincerely,

Dr. Mahathir bin Mohamad

(Former Prime Minister of Malaysia)

Mahathir Mohamad is a frequent contributor to Global Research. Global Research Articles by Mahathir Mohamad

 

[FXSCALPER2]

Dick Morris has written an interesting article on what he expects will happen to the economy under Obama.

Here is an excerpt: "...In the name of short-term stimulus, he will give every American family (who makes less than $200,000) a welfare check of $1,000 euphemistically called a refundable tax credit. And he will so sharply cut taxes on the middle class and the poor that the number of Americans who pay no federal income tax will rise from the current one-third of all households to more than half. In the process, he will create a permanent electoral majority that does not pay taxes, but counts on ever-expanding welfare checks from the government. The dependency on the dole, formerly limited in pre-Clinton days to 14 million women and children on Aid to Families with Dependent Children, will now grow to a clear majority of the American population."

TheHill.com

There is welfare for the banks costing trillions. It is amusing how they have been going on about single mothers, 'undercalss' and welfare beneficiaries and the world is brought to its knees by our capitalists heros. It is pathetic that people buy this BS about how welfare is such a big problem. When is the last time the welfare state caused the near-destruction of the system?

 

[Aston1st]

Yes I like the duplicity of our Government. We what on the Television Adverts that go: "Benefit Fraud, were on to you" but What about all the Front running and back dealing that's been going on with the City. Nothing, even that company Pacific Continental was left without punishment since it when into liquidation, yet the directors only got fined £80,000 each, how much did they fleece from the Unsuspecting Public?

It' seems to me that if you rob a Bank, you get 10 years in Jail. If the Bank robs you you get a knighthood, Bonus and full Government Support.

 

[everyonerich]

letters in Mahathir says stop currency trading?

i think even himself got secret trading account/trader in switzerland to get high yield investment return.