Obama Declares War on Bankers & Wall St.

[jesuitsdidit]

looks like he is on our side after all. He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.

http://www.cnbc.com/id/29434104

Obama Declares War on Investors, Entrepreneurs, Businesses, And More
Friday, 27 Feb 2009 | 4:39 PM ET
Posted By: Larry Kudlow
Anchor


Let me be very clear on the economics of President Obama’s State of the Union speech and his budget.

He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.

That is the meaning of his anti-growth tax-hike proposals, which make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow.

Raising the marginal tax rate on successful earners, capital, dividends, and all the private funds is a function of Obama’s left-wing social vision, and a repudiation of his economic-recovery statements. Ditto for his sweeping government-planning-and-spending program, which will wind up raising federal outlays as a share of GDP to at least 30 percent, if not more, over the next 10 years.

This is nearly double the government-spending low-point reached during the late 1990s by the Gingrich Congress and the Clinton administration. While not quite as high as spending levels in Western Europe, we regrettably will be gaining on this statist-planning approach.

Study after study over the past several decades has shown how countries that spend more produce less, while nations that tax less produce more. Obama is doing it wrong on both counts.

And as far as middle-class tax cuts are concerned, Obama’s cap-and-trade program will be a huge across-the-board tax increase on blue-collar workers, including unionized workers. Industrial production is plunging, but new carbon taxes will prevent production from ever recovering. While the country wants more fuel and power, cap-and-trade will deliver less.

The tax hikes will generate lower growth and fewer revenues. Yes, the economy will recover. But Obama’s rosy scenario of 4 percent recovery growth in the out years of his budget is not likely to occur. The combination of easy money from the Fed and below-potential economic growth is a prescription for stagflation. That’s one of the messages of the falling stock market.

Essentially, the Obama economic policies represent a major Democratic party relapse into Great Society social spending and taxing. It is a return to the LBJ/Nixon era, and a move away from the Reagan/Clinton period. House Republicans, fortunately, are 90 days sober, as they are putting up a valiant fight to stop the big-government onslaught and move the GOP back to first principles.

Noteworthy up here on Wall Street, a great many Obama supporters — especially hedge-fund types who voted for “change” — are becoming disillusioned with the performances of Obama and Treasury man Geithner.

There is a growing sense of buyer’s remorse.

Well then, do conservatives dare say: We told you so?
© 2009 CNBC, Inc. All Rights Reserved

[jesuitsdidit]

http://www.nytimes.com/2009/03/01/us/politics/28web-hulse.html?_r=1&ref=us


Frustrated G.O.P. Tries to Drive Wedge Between Obama and Pelosi


By CARL HULSE
Published: February 28, 2009
# comments (74)

WASHINGTON — Barack Obama might be the new president, but to hear Republicans tell it, Nancy Pelosi is really running things.

At least that is how it appears from the way Republicans single out the speaker as the cause of everything from their near-blanket opposition to the economic stimulus legislation, to the 9,000 earmarks in the overdue spending bills.

“It’s disappointing that less than 24 hours after President Barack Obama urged Congress to restore fiscal responsibility, Nancy Pelosi’s House Democrats passed a spending bill laden with pork,” Michael Steele, chairman of the Republican National Committee, said as he chastised the speaker.

Ms. Pelosi is indisputably a liberal political force and a person of fierce determination. But whether Republicans can succeed in portraying her as a one-woman legislative wrecking crew, keeping them from joining hands with Mr. Obama, remains to be seen.

No matter. For Republicans, it makes much more sense to focus their disdain on the speaker rather than Mr. Obama, who remains very popular.

They cannot afford to attack him too harshly because any assault could easily boomerang, especially since Mr. Obama has been openly reaching out to Republicans. And by trying to associate themselves with the president, Republicans also hope to create a perception of some distance between the White House and the Democratic Congress, a gap Republicans would like to wedge themselves into.

From Ms. Pelosi’s vantage point, the Republican strategy is simply evidence of their own failures.

“To the extent that they have attacked me, it is because House Democrats have been so successful in working with President Obama to bring the change that America so desperately needs,” Ms. Pelosi said in comments provided by her office. “It doesn’t bother me — I’m in the arena.”

Ms. Pelosi and Republicans have frequently clashed over the past two years, with the speaker showing little patience for what she sees as obstructionism and game-playing, and with them bridling at both her ideological bent and leadership style.

But the fact is that while Ms. Pelosi’s liberalism might have a bit more of a San Francisco edge to it than Mr. Obama’s progressivism, the two share plenty of common philosophical ground and have similar policy goals. House Democrats may have stuffed a few clunkers into the $787 billion economic stimulus legislation crafted under Ms. Pelosi’s direction, but Mr. Obama was totally on board with the vast majority of the bill.

He does not always race to defend Ms. Pelosi, but she is not someone who needs a lot of help in that department. At the Democratic retreat in Williamsburg, Va. a few weeks ago, Mr. Obama hailed the speaker as “our rock, who has proven to be an extraordinary leader for the American people.”

That is not to say they don’t have differences. The White House was very unhappy with some last-minute adjustments House Democrats made in the stimulus legislation, restoring money for the arts and cutting some of the president’s education priorities without fully informing the administration.

And Ms. Pelosi was publicly dismissive of the administration’s plan to leave 50,000 American troops in Iraq after ending combat operations next year. But that stance could not have been better scripted from a mutual political perspective. Ms. Pelosi got to appeal to her anti-war base and show she would stand up to the president; Mr. Obama was able to demonstrate that he is willing to split from that same anti-war left.

Republicans say they are not counting on the president to lean on Ms. Pelosi to force her to engage them more closely.

“I’m not sure it’s the president’s job to tell Speaker Pelosi how to do her job,” Representative John A. Boehner of Ohio, the Republican leader, told reporters a few days ago.

But that will not stop Republicans from trying. On Friday, the leadership sent Mr. Obama a letter urging him to use his first veto on the $410 billion spending bill and the 9,000 earmarks it includes if it clears Congress in its present form.

“Republicans want to work with you to bring spending-as-usual to a halt in Washington and to impose a new standard of bipartisan fiscal discipline that reflects the sacrifices being made by families and small businesses across America,” the letter said.

There was no specific mention of Ms. Pelosi, but Republicans clearly implied her hand was at work with the letter’s reference to “business-as-usual in Washington” and the stimulus “rushed through Congress without any member having read it.”

But the Republican leaders know a veto is not going to happen. Try as they may to drive a wedge between the speaker and the president, Republicans are going to have a hard time separating Mr. Obama from Ms. Pelosi. She might not be running things to the degree Republicans claim, but the president would have a very difficult time getting much done without her.

[jesuitsdidit]

http://abcnews.go.com/Politics/Business/wireStory?id=6979566



Obama Challenges Lobbyists to Legislative Duel
Obama to lobbyists: gloves off, game on, as budget battle begins; says status quo to be upset


By CHARLES BABINGTON Associated Press Writer
WASHINGTON February 28, 2009 (AP)
watch video

President Barack Obama challenged the nation's vested interests to a legislative duel Saturday, saying he will fight to change health care, energy and education in dramatic ways that will upset the status quo.

"The system we have now might work for the powerful and well-connected interests that have run Washington for far too long," Obama said in his weekly radio and video address. "But I don't. I work for the American people."

He said the ambitious budget plan he presented Thursday will help millions of people, but only if Congress overcomes resistance from deep-pocket lobbies.

"I know these steps won't sit well with the special interests and lobbyists who are invested in the old way of doing business, and I know they're gearing up for a fight," Obama said, using tough-guy language reminiscent of his predecessor, George W. Bush. "My message to them is this: So am I."

The bring-it-on tone underscored Obama's combative side as he prepares for a drawn-out battle over his tax and spending proposals. Sometimes he uses more conciliatory language and stresses the need for bipartisanship. Often he favors lofty, inspirational phrases.

On Saturday, he was a full-throated populist, casting himself as the people's champion confronting special interest groups that care more about themselves and the wealthy than about the average American.

Some analysts say Obama's proposals are almost radical. But he said all of them were included in his campaign promises. "It is the change the American people voted for in November," he said.

Nonetheless, he said, well-financed interest groups will fight back furiously.

Insurance companies will dislike having "to bid competitively to continue offering Medicare coverage, but that's how we'll help preserve and protect Medicare and lower health care costs," the president said. "I know that banks and big student lenders won't like the idea that we're ending their huge taxpayer subsidies, but that's how we'll save taxpayers nearly $50 billion and make college more affordable. I know that oil and gas companies won't like us ending nearly $30 billion in tax breaks, but that's how we'll help fund a renewable energy economy."

Passing the budget, even with a Democratic-controlled Congress, "won't be easy," Obama said. "Because it represents real and dramatic change, it also represents a threat to the status quo in Washington."

Obama also promoted his economic proposals in a video message to a group meeting in Los Angeles on "the state of the black union."

"We have done more in these past 30 days to bring about progressive change than we have in the past many years," the president in remarks the White House released in advance. "We are closing the gap between the nation we are and the nation we can be by implementing policies that will speed our recovery and build a foundation for lasting prosperity and opportunity."

Congressional Republicans continued to bash Obama's spending proposals and his projection of a $1.75 trillion deficit this year.

Almost every day brings another "multibillion-dollar government spending plan being proposed or even worse, passed," said Sen. Richard Burr, R-N.C., who gave the GOP's weekly address.

He said Obama is pushing "the single largest increase in federal spending in the history of the United States, while driving the deficit to levels that were once thought impossible."

———

On the Net:

Obama address: http://www.whitehouse.gov

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

[jesuitsdidit]

looks like he deserves our support..

[largejack]

Obama is a puppet for the NWO, nothing more

[mikethepunk]

Yeh I bet...Obama is so full of shit it is ridiculous.

He has declared war on humanity with his lies and deception.
I cant wait for the new Alex Jones film to come out.


OBAMA IS NOT ON OUR SIDE------------if you believe that I have a bridge you can buy.

[truthinlove]

on our side after all?! deserves our support?!

come on guys! why are we going backwards?

democracy is the cancer, and obama is a spokesperson/puppet.

that's it.

[jesuitsdidit]

Yeh I bet...Obama is so full of shit it is ridiculous.

He has declared war on humanity with his lies and deception.
I cant wait for the new Alex Jones film to come out.


OBAMA IS NOT ON OUR SIDE------------if you believe that I have a bridge you can buy.

Jones is CIA

[jesuitsdidit]

Obama is a puppet for the NWO, nothing more

maybe he's broken free and is resisting..

[jesuitsdidit]

on our side after all?! deserves our support?!

if he's reforming Washington, yes..

[truthinlove]

breaking free and resisting is declaring peace all over the world, coupled with love, and helping to end the suffering that is caused by democracy - not
"reforming Washington"...

[truthinlove]

honestly, all that "declaring war against wall st." crap is nothing but propaganda to keep faith in the system.

only the gullible sheep will be inspired by that rubbish...

[2013]

I seem to recall another young hope for the future taking on the banking system once before .In fact people are drawing parallels to that presidency aren't they ?
Again just a thought but how powerful are thoughts ? millions support what they think obama appears to stand for .So how much does that go towards creating a positive change? Also the PTB have factions who no doubt do have power struggles occasionally so maybe there is more going on there.One more thing and time will tell if someone wanted to change the system from within , they would have to do it thru their route otherwise they couldn't get into a position where it was possible .:D

[jesuitsdidit]

@ truthinlove

it looks like he's taking them on to me..

[endlessvista]

I cannot beleive how so many people on this group are still being mind controlled by the Godhead Obama.

[endlessvista]

honestly, all that "declaring war against wall st." crap is nothing but propaganda to keep faith in the system.

only the gullible sheep will be inspired by that rubbish...

Yep.

It is like Micheal Moore's stuff. Smash up the system by voting for the Democrats...

[jesuitsdidit]

@ endlessvista

it looks like he may be taking them on to me..

[elysiumfire]

Truthinlove:Democracy is the cancer

No, democracy is not the cancer, capitalisim is, which runs roughshod all over democracy. Most of us may perhaps agree that to live within the company of a body of people, it needs there to be certain guiding principles and ideas they can all agree to...democracy is the principle of having a equal and pertinent voice. This is what our own societies are supposed to be based upon, but the growth of capitalism has seen fit to dilute democracy almost into non-existence, and that it remains nothing more than a principle and idea in mind, and rarely in practice by the governments that hold the term 'democratic'.

This is because our so-called elected and entrusted governments have become nothing more than puppets of the corporations, because our governments are peopled by capitalists, and not democratists. Our weapon against this is to remove our custom from the capitalist ventures, the giants of the banking, media, and retailing worlds. Spend your money locally, and put it back into your local economy. This is how you combat it. Don't wait for others to do it all at the same time, do it in your own individual time...it will all snowball eventually.

[clint_giles]

holy cow......CONTROL CONTROL CONTROL

looks like he is doing exactly what was laid out for him to do with the patriot act
1+2


PLEASE LISTEN TO WHAT BUSH SAYS..
Funny but so true and scary!

YouTube - Broadcast Yourself.

[2013]

Crass - Bloody Revolution - YouTube

Nothing changed for all the death, that their ideas created
It's just the same fascistic games, but the rules aren't clearly stated
Nothing's really different cos all government's the same
They can call it freedom, but slavery is the game
Nothing changed for all the death, that their ideas created
It's just the same fascistic games, but the rules aren't clearly stated
Nothing's really different cos all government's the same
They can call it freedom, but slavery is the game
There's nothing that you offer but a dream of last years hero
The truth of revolution, brother................... is year zero.

I was just wondering if he could act outside of his programming for example announce measures contrary to the plan during a press conference or when passing new laws ? how would that stand once it had been stated ? naive perhaps but what forces are at work during these times .What possibilities exist ?:D

[2013]

I cannot beleive how so many people on this group are still being mind controlled by the Godhead Obama.

I told my mate online that obama was satan according to an online article linking his name with lightening falling from heaven .He freaked out and accused me of racism ,only because obama is black would i say he was satan WTF !! went on a right rant about how i was a negative person , why cant i see the good in people etc . i reminded him of the reaction when blair got in here and said colour doesnt come into it no single person controls the situation he has the same people behind him as allthe others had . Perceptions may count for something but he still is only the figure head of the machine .:D

[mikethepunk]

Jones is CIA

you really are a part of the problem.
You are the shill from the CIA fool.
and you know nothing.

Hows Obama's dick taste, you've been sucking it along.

Anyone on this board that is pro-Obama is part of the problem, is a brainwashed moron and has no business being on this forum.

You really are a stupid moron. How do you even function daily?

[seercirra]

looks like he deserves our support..

NO!

THIS IS A MASSIVE PLOY!!!

cant you see it??

why the FUCK would CNBC NOT support the guy who TPTB wanted to get into office? when CNBC are also part of TPTB??

this is the question i asked myself.

simple answer.
its a PLOY to stimulate public unrest and so introduce martial law.

the only reason theyd EVER be so outspoken in disagreement with their president is if its been designed to be.

obama is ordered by TPTB to bring in crazy legislation, TPTB ensure that the media redicule the legislation as much as possible, civil unrest ensues, martial law ensues. simple.

[kappy0405]

looks like he deserves our support..he'll deserve our support if he abolishes the fed and repeals the patriot act. Until then, this is all nonsensical propaganda.

[danster82]

The guy is a bit of a mystery really one minute hes saying something right next minute hes doing the opposite.

[ronnie kray]

Jones is CIA

Proof ?.........

[ronnie kray]

you really are a part of the problem.
You are the shill from the CIA fool.
and you know nothing.

Hows Obama's dick taste, you've been sucking it along.

Anyone on this board that is pro-Obama is part of the problem, is a brainwashed moron and has no business being on this forum.

You really are a stupid moron. How do you even function daily?

Two words for any one who wants to look at Obama & then we can all go home, case closed !.

Zbigniew Brzezinski.

[ronnie kray]

maybe he's broken free and is resisting..

LMFAO, LOLOLOLOOLZ.

2 words - John Kennedy...........

2 more - Dealy plaza................

Case closed for the 2nd time !.

Ron.

[kingmonkey]

He's just another face working for a system that's broken and corrupt. It's broken by design, anyone tries messing with it they're gone. It's always been fucked for 99% of the world...It's just got worse with the credit crunch. All obama's gonna do is restore it to it's previous state of fuckedness!

[bobhodge]

capitalism could never last forever. its job was to transfer assets from the poor to the rich. what use to the rich have for a system that supports robbery if they have already robbed everything?

[tonak]

Even True Democracy is Tyranny.

I want Bob's land. Okay, So do I, lets vote to take it from him. We will give everybody a peice of the pie

They Vote 49 for Taking Bobs land, 1 for not.

Guess what?

Bob no longer has any land.

Tyranny.

Rights Derive from property, democracy does not support this.

A True replublic is the best form of government i have seen so far that protects rights and property.

[bowtiedaddy]

looks like he deserves our support..

Don't be deceived. He's just saying this shit. Really, he wants to shut down small businesses, investors and bankers, and transfer the assets to the REAL movers and shakers.

He's not on our side and never will be.

[bowtiedaddy]

Jones is CIA

How do you know that?

I would be very surprised if that were true. He'd be one of the last truth "leaders" that I would suspect of it.

[felakuti]

I seem to recall another young hope for the future taking on the banking system once before .In fact people are drawing parallels to that presidency aren't they ?
Again just a thought but how powerful are thoughts ? millions support what they think obama appears to stand for. So how much does that go towards creating a positive change? Also the PTB have factions who no doubt do have power struggles occasionally so maybe there is more going on there.One more thing and time will tell if someone wanted to change the system from within , they would have to do it thru their route otherwise they couldn't get into a position where it was possible .:D


This makes a lot of sense. Thought creates reality.

[freedomnonfighter]

I still can't believe I'm seeing MK-OBAMA pawns on this forum - unbelievable:rolleyes:

Obama (well, not Obama, rather the SYMBOL and WORDS that are what you see as Obama) is just keeping your mind STUCK in the same old system - that is his job.

Same old system, new face. Don't mistake the new face (& words) for what lies behind it.
capitalism could never last forever. its job was to transfer assets from the poor to the rich. what use to the rich have for a system that supports robbery if they have already robbed everything?
Very well said, bob :)

[illuminatiman]

Obamas declares war on his mates!!! what next :rolleyes: This is all so obvious peeps!!! its almost funny! if people still buy this shit then there is no hope for them! :rolleyes:

[kiwimaj]

Obama is a puppet for the NWO, nothing more

Couldn't have said it better myself, spot on...that sums this creature up very well indeed !
:eek:

[whiterain]

barack obama today declared war on the group of bankers that he recently gave unestimable amounts of 'bailout' funds to. some reports guess that his recent topping up of the funds of the richest of the rich at almost 10 trillion over the last few months, yet despite all this barack claims to not want to be helping them get ever richer while the rest of the world struggles to put food on their plates.

in a statement released earlier today he has outlines how his amazing plan has been designed to backfire on the bankers. "i just thought that if we kept giving them money then eventually they would have it all and there would be no 'system' left to crash. after that we could get the whole world to sing in celebration of the banks and how amazingly clever they are to have 'won the world' that they would be happy enough to start to let others play too. as long as the banks have the money we can stop from seeing all those nasty red sloping lines that the news always shows and for some reason surveys show that people are really against these sloping lines."

baracks war on the banks currently involves at least 30 tanks all firing toxic assets into the "fcking massively garish and disgustingly decadent" downtown offices, all in the hope that they will return fire with something of value... "anything please" he added, seemingly unaware of the ability to write and change laws that his new position has brought him.

[onourwayto2012]

pretty simple really....whatever he says, he means just the opposite

[helloperator]

Oh Obama!

He's such a dreamboat.

[ronnie kray]

Two words for any one who wants to look at Obama & then we can all go home, case closed !.

Zbigniew Brzezinski.
Further to my theme on 2 words.
Here are another 2 words.

Rahm Emanuel.

Quote; Rahm Emanuel.
My father was then a member of Etzel (IRGUN) commanded by Begin.
[IRGUN was a terrorist unit fighting British rule in Palestine] ... My first
visit to Israel was three days after the Six Day War. My father said that we
had to go to Israel ... [BAR-YOSEF, p. 108-109]

Who is Rahm Emanuel ?.
Well, he is the Cheif of staff for Obama for no 1.

Of Israeli origin, he obtained the United-Stator
nationality at the age of 18.

according to our information, he would be a
member of Amal, Tsahals military intelligence
service. Rahm Emanuel is Benyamin Auerbachs
son.

On September 17, 1948, Mr. Auerbach took part,
under Yitzhak Shamirs authority, in the attack
that caused the death of both the Swedish count
Folke Bernadotte (UNO mediator in Palestine)
and the French colonel Andrsrot (a United
Nations military observer).

It is this double assassination which put
an end to the binational State project in
Palestine.

Bottom line, he is 'Mossad'.

[ronnie kray]

Rahm Emanuel, an (ex 'IDF') Israeli soldier and the son of a
real Zionist terrorist, is the next White House
chief of staff.

The chief of staff effectively controls the people around
the president, he decides who sees him, what he hears,
and what he knows.

Emanuel has become the handler of Obama and the
controller of the White House.

NAMED AFTER LEHI TERRORIST

Emanuel's father said Rahm is "the namesake of Rahamim,
a Lehi combatant." Lehi, a.k.a. the Stern Gang, was the
most radical Zionist terrorist group in the 1940s. The Stern
Gang killed scores of British soldiers and assassinated Lord
Moyne and Count Folke Bernadotte, the United Nations
envoy from Sweden, as well as hundreds of innocent
Palestinians such as the civilian population of Deir Yassin.

This Zionist terror group was allied with the Nazis in their
war against the British. Both of Emanuel's parents,
Benjamin Emanuel (formerly Auerbach) and Marsha
Smulevitz, lived in Israel and both are related to Lehi
fighters. This is to say that Emanuel's father, a Jew,
fought with the Nazis.

[lightgiver]

Its a staged set up.

I believe nothing what these people say,why did they not clamp down on it yonks ago,?

Just look who funds all the wars ETC ETC.

TPTB are Full of POO.:mad: and anyone who believes them needs their head seeing to.

[ronnie kray]

bump.

FOR THOSE WHO MISSED THE Rahm Emanuel STUFF.

There is a lot to be said about the next 4 years of this administration, bearing these facts in mind.

& no one wants to talk about it ??.

WOW................

[whiterain]

hi ronnie yeah the rahm stuff is pretty shocking. i guess its just been covered already tho is why not many seem interested