What are the consequences of our actions?

If you really want to make an attempt to understand the geo-financial and global economic impact of our defict spending (which has quadrupled under Obama) please take a couple minutes to read this article from Bloomberg. Its not biased, its well written and detailed. 

For the first time since another Democrat occupied the White House, investors from Beijing to Zurich are challenging a president’s attempts to revive the economy with record deficit spending.

Shrinking Economy

Bonds usually rally when the economy is in recession and inflation is subdued. Gross domestic product dropped at a 5.7 percent annual pace in the first quarter, after contracting at a 6.3 percent rate in the last three months of 2008, according to the Commerce Department.

This time it’s different because the Congressional Budget Office projects Obama’s spending plan will expand the deficit this year to about four times the previous record, and cause a $1.38 trillion shortfall in fiscal 2010. The U.S. will need to raise $3.25 trillion this year to finance its objectives, up from less than $1 trillion in 2008, according to Goldman Sachs Group Inc., one of 16 primary dealers of U.S. government securities that are obligated to bid at Treasury auctions.

“The deficit and funding the deficit has become front and center,” said Jim Bianco, president of Bianco Research LLC in Chicago. “The Fed is going to have to walk a fine line here and has to continue with a policy of printing money to buy Treasuries while at the same time convince the market that this isn’t going to end in tears with fits of inflation.”

Welcome to Obamunism

Since Chairman Barack took office...

• Nationalized the worlds largest insurance company
• Nationalized the countries 2 largest mortgage providers 
• Took a controlling stake in the banking industry
• Forced CEO's of the Banking and Auto industry to resign
• Took a 70%+ ownership in GM
• Forced Chrysler into bankruptcy and forced a sale to Italian Fiat
• Proposed and passed the largest budget in the nations history 

...and what do we have to show for it?

The latest increase raises federal obligations to a record $546,668 per household in 2008, according to the USA TODAY analysis. That's quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and other debt combined.

"We have a huge implicit mortgage on every household in America — except, unlike a real mortgage, it's not backed up by a house," says David Walker, former U.S. comptroller general, the government's top auditor.

So whats next? My predictions:

• Tax payer funded health care for all - its already been drafted and making it way through Congress. Its going to make private health care impossible to afford and push the entire nation into socialized health care. 
• Student loan debt forgiveness - all the 'crushing' debt that thousands of liberal arts majors took on to pay for their private university educations and advanced degrees that left them with low paying jobs is going to get a bailout from Joe Taxpayer
• 401k 'reform' - first the maximum contribution will be capped and then reduced. Then existing 401k's will be taxed and absorbed into a federally manage pension plan (that 'reform' has already been drafted in congress btw)
• Cap and trade - instant tax on everyones energy needs. Money is dumped into renewable pipe dreams. That bill is also making its way through congress
• VAT tax - yep, just like the EU. National Sales Tax, but instead of being used to offset or reform the income tax it will be used in conjunction with the exiting income tax. Mark my words, Obama will call this tax code 'reform'.
• Fairness Doctrine - except it won't be called the fairness doctrine. The first target will be AM Radio, followed by cable and then the internet
• Income Tax increases for families making more than $200k - Another major campaign promise will be broken
• Repeal of the 2nd Amendment - except it won't repealed, loops holes will be opened up which will nullify the 2nd Amendment. That will be the most dangerous and scary thing yet. Talk about slippery slope. Sotomayor has already legislated this.  

Welcome to Obamunism. 

Can you say 'Cronyism'?

Evidence appears to be mounting that the Obama administration has systematically targeted for closing Chrysler dealers who contributed to Repubicans.

"It became clear to us that Chrysler does not see the wisdom of terminating 25 percent of its dealers. It really wasn't Chrysler's decision. They are under enormous pressure from the President's automotive task force," said attorney Leonard Bellavia.

Can't fly an American flag... on Memorial Day

Texas woman asked to remove 'offensive' American flag from work cubicle...

For one Arlington woman, the answer was "no" after she hung an American flag in her office just before the Memorial Day weekend. 

McLucas' husband and sons are former military men. Her daughter is currently serving in Iraq as a combat medic. 

When McLucas came to work Friday, her boss told her another supervisor had found her flag offensive.

McLucas said the supervisor who complained has been in the United States for 14 years and is formerly from Africa. McLucas said the supervisor took down Debbie's flag herself. 

Sotomayer - Constitution?

Apparently Mrs. Sotomayer doesn't believe the Bill of Rights apply

According to Judge Sotomayor, if your state or city bans all guns the way Washington, D.C. did, that’s okay under the Constitution.

She is one of only three federal appellate judges in America to issue a court opinion saying that the Second Amendment does not apply to states. 

Scary stuff coming from someone who has stated that the courts are "where policy is made."

Getting  a little creative with our checks and balances aren't we now?

Obama to appoint Sotomayor

“Whether born from experience or inherent physiological or cultural differences,” she said, for jurists who are women and nonwhite, “our gender and national origins may and will make a difference in our judging.”

“I would hope that a wise Latina woman with the richness of her experiences would more often than not reach a better conclusion than a white male who hasn’t lived that life”

...she continued by saying that her life experience and ethnicity “will have an effect on the development of the law and on judging.” 

Liberals reacting to Obama's signing of the CC in National Parks bill

You may have heard recently that Obama is going to sign the bill to re-allow concealed carry permit holders to carry in national parks. This was something signed by Bush, but reversed when Obama took office.

There are a crap load of comments on CNN from the hippies. I found them pretty funny.

What the hell is the matter with people’s heads that this is even at issue? Why would a concealed weapon be needed anywhere, much less in a park? Where my kids may be hiking? Common sense… not so common anymore, is it?

Why, is al Qaeda recruiting grizzly bears? Just what the park rangers need – people with concealed guns running around our parks.

Absolutely not. If these people who carry guns are so afraid to go into our national parks without firearms then they should just stay at home. Our parks are supposed to be places of refuge for both humans and animals. And what will be the NRA’s excuse when the first person is killed in a national park by a stray bullet fired by some drunk idiot with a firearm? That’s the cost of maintaining our freedom? Give me a break.

No. Our animals are on the endangered list now. Just wait till some Johnny shoot-first, ask-questions-later arrives in the woods armed to the hilt and comes across a bear. The bear will be dead. Only the park ranger should be armed.

It just shows the kind of wimps who belong to the NRA–do they need a concealed weapon to protect them from ground squirrels and chipmunks? I just hope one of those freaks doesn’t open up on unsuspecting tourists in a national park. Shame on the dems for allowing it to be attached to legitimate credit card legislation.

Whats next…elementary schools and churches? Of course there shouldn’t be! Why? Whats the mortal danger thats present? Police and Military officers take extensive training to learn how to use weapons responsibly, and even they cannot get it right sometimes. How do we expect every Tom, Dick and Jane on the street to be able to use one?

Absoloutlynot! We need laws to get rid of more of the guns that are around now. WE NEED TO STOP THE VIOLENCE! In other words , no one needs a gun except for law enforment personnel.

I don’t like guns. I’ve never owned one, and have no plans to change that. I understand that the Second Amendment is fairly well-settled, but society has the right to expect gun owners to be free of a criminal record, sane, and reasonably trained in the use of their purchases. I question the sanity of anyone who feels the need to take a concealed and loaded weapon on vacation in a national park.

NO; if we allow that, where do we go to feel free, relaxed, at one with nature if we have to wonder if the person we pass on the trail thinks we looked at him the wrong way and decides to shoot us. We go out to nature to get away from all the craziness, not confront it.

Guns in parks, guns in colleges, guns everywhere. And we’re shocked every time there’s a mass killing. No. Concealed weapons should not be allowed in our national parks.

I struggled with how to reply to this nonsense…Unless you are an undercover law enforcement officer…No One should be permitted to carry a concealed weapon-anywhere. As for the National Parks… PEOPLE should not be allowed in-period…never mind if they are carrying a weapon or not….First there was the snowmobile debate, then off road 4 wheelers, now guns…We should just build a fence around the parks and let the wildlife be free from all the lunacy.

How on earth is this a good idea? The people who would want to bring concealed weapons to National Parks are the last people you would want in National Parks in the first place. We don’t need to turn these places into “Survivalist Camps.”

Someone who wants to commit a crime in a national park, does not care if it is legal to conceal their gun in that park.

There have been rapes/murders in national parks in the past. There's nothing wrong with carrying a gun which you will probably never use, just in case.

The liberals sound like the paranoid ones: "...if we have to wonder if the person we pass on the trail thinks we looked at him the wrong way and decides to shoot us..."

I can't wait until this becomes law because I'm going to shoot so many people in the Grand Canyon. Kick ass!