President Obama's approval rating has sunk below 40% in another poll.
And the 39% job approval rating is just the start of the bad news for the White House in the NEW SURVEY FROM THE MARIST COLLEGE INSTITUTE FOR PUBLIC OPINION
Fewer than forty percent is underwater for any president. This is among registered voters where democrats normally do better than among likely voters and only 32% of independent voters approve. In the meantime 52% disapprove of his performance.
Obama Most Business Hostile President
Gary Shapiro is the author of the New York Times bestseller, “The Comeback: How Innovation Will r\Restore the American Dream released earlier this year.
Shapiro, who is the president and CEO of the Consumers Electronics Association, told The Daily Caller in a recent interview that PRESIDENT OBAMA IS PRESIDING OVER AN ADMINISTRATION THAT IS THE MOST HOSTILE TO BUSINESS IN HIS MEMORY.
“You have investigations and breakdowns of companies like Gibson. You have monopoly investigations of great American companies like Google. You have an attack on American business which is unprecedented by this administration at different levels. THIS IS THE MOST ANTI-BUSINESS ADMINISTRATION IN MY LIFETIME,” he said.
“You could go back to Clinton and Carter and others, and Johnson and Kennedy, and say, did they do things where there was regulation? Yes. But it was more like business is good — they create jobs. Here business is bad.”…
The left is hostile toward private business and Obama is the most leftist President we’ve ever had in office.
Is Social Security a Ponzi Scheme?
….Social Security is a Ponzi scheme. The major difference between Social Security and Bernie Madoff's Ponzi scheme is his was illegal. THREE NOBEL LAUREATE ECONOMISTS HAVE TESTIFIED THAT SOCIAL SECURITY IS A PONZI SCHEME. Dr. Paul Samuelson called it "the greatest Ponzi game ever contrived." Dr. Milton Friedman said it was "the biggest Ponzi scheme on earth." Dr. Paul Krugman predicted that "the Ponzi game will soon be over."
This is one of those issues that people on both sides are very passionate about. But the fact of the matter remains, if you tried to set up a retirement program for people in a private company that was similar to Social Security, you would find yourself in prison.
Obama Scandal Update: LightSquared
Welcome to LightSquared. IT'S A TOXIC MIX OF VENTURE SOCIALISM (to borrow GOP Sen. Jim DeMint's apt phrase), campaign finance influence-peddling and perilous corner-cutting all rolled into one.
The company is building "A STATE-OF-THE-ART OPEN WIRELESS BROADBAND NETWORK." Competition in the industry is a good thing, of course. But military, government and civilian aviation EXPERTS HAVE LONG OBJECTED TO LIGHTSQUARED'S POTENTIAL TO INTERFERE WITH THE GLOBAL POSITIONING SYSTEM (GPS) SATELLITE NETWORK. As the government's own Positioning, Navigation and Timing agency explained:
"The GPS community is concerned because testing has shown that LIGHTSQUARED'S GROUND-BASED TRANSMISSIONS OVERPOWER THE RELATIVELY WEAK GPS SIGNAL FROM SPACE. Although LightSquared will operate in its own radio band, that band is so close to the GPS signals that most GPS devices pick up the stronger LightSquared signal and become overloaded or jammed.”
Two high-ranking witnesses -- AIR FORCE SPACE COMMAND FOUR-STAR GEN. WILLIAM SHELTON AND NATIONAL COORDINATION OFFICE FOR SPACE-BASED POSITIONING, NAVIGATION AND TIMING DIRECTOR ANTHONY RUSSO -- HAVE NOW BLOWN THE WHISTLE ON HOW THE WHITE HOUSE PRESSURED THEM TO ALTER THEIR CONGRESSIONAL TESTIMONY and play down concerns about LightSquared's threat to military communications. According to Eli Lake of The Daily Beast, both officials were urged to express confidence in the company and endorse its promise to address any technical concerns "within 90 days."
Gen. Shelton had noted earlier this year: "WITHIN THREE TO FIVE MILES ON THE GROUND AND WITHIN 12 MILES IN THE AIR, GPS IS JAMMED BY (LIGHTSQUARED'S) TOWERS. ... If we allow that system to be fielded and it does indeed jam GPS, think about the impact. WE'RE HOPEFUL WE CAN FIND A SOLUTION, BUT PHYSICS BEING PHYSICS, WE DON'T SEE A SOLUTION RIGHT NOW."…
….So, what's greasing LightSquared's skids? Hint: It used to be known as "Skyterra." In 2005, Obama put $50,000 into the speculative firm -- raising eyebrows even among his water-carriers at The New York Times. THE PAPER NOTED THAT SKYTERRA'S PRINCIPAL BACKERS AT THE TIME OF THE INVESTMENT INCLUDED FOUR OBAMA "FRIENDS AND DONORS WHO HAD RAISED MORE THAN $150,000 FOR HIS POLITICAL COMMITTEES."….
….Coincidentally, Tejas and its chairman, John J. Gorman, were also major backers of Obama -- flying him in a private plane for political rallies and pitching in more than $150,000 for his campaign coffers since 2004. Obama sold his stock at a loss in November 2005, but his political relationship with the company was cemented. IN 2009, SHADY BILLIONAIRE HEDGE-FUND MANAGER PHILIP FALCONE -- WHOSE FIRM HARBINGER CAPITAL PARTNERS IS REPORTEDLY UNDER INVESTIGATION BY THE SECURITIES AND EXCHANGE COMMISSION FOR MARKET MANIPULATION ABUSES -- ACQUIRED SKYTERRA.
Coincidentally, Falcone, his wife and LightSquared CEO Sanjiv Ahuja HAVE CONTRIBUTED NEARLY $100,000 BETWEEN THEM TO THE DEMOCRATIC PARTY DURING CRITICAL WHITE HOUSE MEETING PERIODS AND NEGOTIATIONS OVER LIGHTSQUARED'S REGULATORY FATE.
Oh, and coincidentally, THERE'S $6 BILLION EARMARKED FOR A "PUBLIC SAFETY BROADBAND CORPORATION" BURIED IN THE OBAMA JOBS PROPOSAL JUST AS LIGHTSQUARED PUSHES INTO THAT MARKET, TOO….
Corruption? It certainly looks like it. And it appears Obama knows how to pay back his donors.
Obama and Fascism
…Per Sheldon Richman in the :
As an economic system, FASCISM IS SOCIALISM WITH A CAPITALISTIC VENEER. In its day (the 1920's and 1930's), fascism was seen as the happy medium between boom-and-bust-prone capitalism, with its alleged class conflict, wasteful competition, and profit-oriented egoism, and Marxism, with its violent socially divisive prosecution of the bourgeoisie.
Where socialism abolished all market relations outright, FASCISM LEFT THE APPEARANCE OF MARKET RELATIONS WHILE PLANNING ALL ECONOMIC ACTIVITIES. Where socialism abolished money and prices; fascism controlled the monetary system and set all prices and wages . [Emphasis added.]…
…MUSSOLINI HEAPED PRAISE UPON FDR'S NEW DEAL AS "BOLDLY ...INTERVENTIONIST IN THE FIELD OF ECONOMICS." Roosevelt was not reticent in his compliments to Mussolini for the latter's "honest purpose in restoring Italy" and acknowledged that he kept "in fairly close touch with the admirable Italian gentlemen." Yet it is generally recognized today that by pursuing these policies FDR PROLONGED THE GREAT DEPRESSION BY ANOTHER 5-7 YEARS. (See Amity Shlaes: .)
A legacy of the FDR years is the NEARLY 170,000 PAGES OF FEDERAL REGULATIONS THAT EXIST TODAY AND INTRUDE INTO ALL ASPECTS OF THE DAY-TO-DAY LIFE OF EVERY AMERICAN. However, BARACK OBAMA HAS NOT ONLY ADDED TO THE REGULATORY BURDEN, BUT ALSO TAKEN ACTIONS WHICH ARE GEARED TO FURTHER ESTABLISHING A FASCIST ECONOMY….
….A KEY CHARACTERISTIC OF THE REALITY OF FASCIST THINKING IS RAMPANT CRONYISM AND CORRUPTION. Certain capitalists, wishing to ingratiate themselves with the state, are willing to fund the election of those in power in exchange for favorable government contracts and avoidance of regulatory wrath. RECENTLY, MUCH OF WALL STREET, HOLLYWOOD, THE UNIONS, MAJOR COMPANIES SUCH AS GENERAL ELECTRIC, AND THE SUPER-WEALTHY SUCH AS WARREN BUFFETT ARE WILLING TO SLEEP WITH THOSE IN POWER AND BE USED AS PROPS IN ANY PROPAGANDA CAMPAIGN INITIATED BY THE OBAMA REGIME….
….The term "fascism" has been redefined by the horrendous acts of Mussolini and Hitler, actions spurred by their megalomania and nationalism. However, THE ECONOMIC PHILOSOPHY THAT IS FASCISM IS ALIVE AND WELL AND BEING PURSUED IN THE UNITED STATES BY THOSE WHOSE DESIRE IT IS TO CONTROL THE PEOPLE OF THE COUNTRY AND REINFORCE THEIR DOMESTIC POWER BASE, NOT TO CONQUER THE WORLD. Yet the pursuit of the same tenets that motivated Franklin Roosevelt has prolonged and exacerbated the current economic disaster facing the United States.
However, as with FDR, chances are that it will not succeed in America, with its history of individualism and entrepreneurship -- but only if the current citizenry recognizes what is the Obama end-game. It is time to call what is being pursued by Barack Obama what it is: fascism.
Fascism has come to Europe and is attempting to take over America.
Republicans to Obama: The Whole Country Can be Rich
The good news is THAT AMERICA HAS WEALTH BEYOND DREAMS THAT CAN BE REALIZED IN THE NEXT DECADE, PRODUCING A MILLION NEW JOBS. According to a recent Congressional report, the United States' combined recoverable natural gas, oil and coal endowment is the largest on Earth. Our resources are larger than Saudi Arabia, China and Canada, combined. Our known resources can meet the country's need for oil and gas for the rest of the century. That's not including shale oil, the true energy future. IF WE USED OUR OWN OIL, WE COULD REPLACE IMPORTED OIL FROM THE PERSIAN GULF FOR THE NEXT FIFTY YEARS. BY THEN CARS WILL PROBABLY BE RUNNING ON SOMETHING ELSE.
Now turn your eyes to where real jobs are being created.
States that have grown jobs in the last decade are states using their energy resources, such as North Dakota, Wyoming, Utah, Texas, and Alaska. Texas has created 40% of the jobs in America since 2009, with half a million jobs directly in the energy sector. These are good jobs. A ROUGHNECK WITH A HIGH SCHOOL DIPLOMA CAN EARN $100,000 A YEAR IN WYOMING'S JONAH FIELDS. AN ENTRY LEVEL JOB ON AN OIL RIG PAYS $70K.
40% percent of our energy is from petroleum, almost 25% from natural gas and 23% from coal. Nearly half the electricity in this country is from coal. Oil and gas industry employment increased between 5-11% in 2010, yes that is 2010. NINE OUT OF ELEVEN OF THE FASTEST GROWING JOBS IN AMERICA WERE IN THE OIL AND GAS SECTOR.
To understand the potential of developing our resources further, contemplate this: BRAZIL EXPECTS TO ADD 2 MILLION JOBS IN THE NEXT DECADE WORKING IN THEIR NEW OFF-SHORE OIL FIELDS, producing a million barrels a day. It could be us. WE HAVE ALMOST THREE TIMES MORE OIL THAN BRAZIL ACCORDING TO U.S. GOVERNMENT STATISTICS….
Here is where theology interferes with economy. The left has an almost religious aversion to carbon based fuels, and they are willing to waste billions on “green energy” while refusing to acknowledge the treasure that lies beneath our feet. Drill, baby, drill. Frack, baby, frack. Looking at what the jobs in the oil industry pay, you have to ask, why to liberals hate poor people?