The United States House of Representatives versus Barack Obama whose right whose wrong?
America is in a very interesting period right now and I find Barack Obama to be the most interesting presidential figures of all time because of what he’s done to and for America. When it comes to everything except the economy in my personal opinion Obama has been flat genius but when it comes to the economy I honestly don’t think Obama knows what he is doing. On that note it should also be noted that Republicans have dealt with President Obama with emotion instead of challenging the man face to face. If you’re in business or if you understand how business works Obama has got to rub you the wrong way when it comes to economic issues that being said Republicans have been fearful selling Capitalism back to America.
This is the reason Ron Paul who I think is a whack job has garnered so much attention the last few years. Like him or hate him Ron Paul is an old school capitalist with integrity when he speaks people listen and the reason people listen is because he is straight forward. That being said if you listen to Ron Paul and apply his teachings in government in 2013 America more than likely would be left in shambles within a few years and the reason this would happen is because ruthless capitalists still exist on planet earth by that I mean when some capitalist have most of the money which is inevitable with capitalism they will distort the markets and manipulate the money supply.
Is the Federal Reserve an evil entity?
Some people think the laws governing money and the Federal Reserve are evil now what those people should do is take a deeper look at the money supply before the Federal Reserve was created. John D. Rockefeller along with some of the other rich people of their day taught the world a big lesson about money in their day and that lesson is once a few people get rich without government intervention deflation is inevitable. The great depression was caused because dollars we’re backed by gold and once a few men bought up most of the gold the economy and the government became controllable this is why we use fiat money today and it’s the basis of argument for why governments shouldn’t overly tax their citizens
Barack Obama is a believer that taxing people or taxing the rich will help America’s economy he uses Bill Clinton to help further his cause. But what a lot of people forget is the one thing Bill Clinton allowed to happen during his presidency. What Bill Clinton allowed to happen was Gramm–Leach–Bliley Act (GLB) which repealed part of the Glass–Steagall Act of 1933. With the passage of the Gramm–Leach–Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate. Why this is so important was because this is one of the primary events that led America being so prosperous during those Clinton years it’s also the reason why in my opinion why we’re in the great recession right now.
I did not have sexual relations with that woman
Obama is able to piggy back off of Clinton because this one bill which ultimately led to sub-prime mortgages being acceptable. President Bush didn’t make things any better which is the reason a lot of people look at John Boehner and republicans in a negative way for not allowing Obama to pass laws most democrats believe will save or stimulate the economy.
Barack Obama in my opinion is a socialist the problem republicans face however is they haven’t been able to come back with a better concrete plan than the 44th president of the United States which is why at least for now Barack Obama is right. The republicans chance to correct the economy came with Mitt Romney but the problem with Romney is the fact that he was ashamed to call himself a capitalist in public. Mitt Romney was fearful people wouldn’t like him which is why most republicans wanted someone else. It should be noted that no president has attempted to do more taxation than President Obama. Taxation does not cure problems with fiat currency it only expands problems what America needs to do as far as the economy goes is close loop holes a lower corporate taxes.
America is in a serious problem and even if America has some kind of recovery it’s assured under Obama the economic problems will worsen. There are a lot of American dollars in circulation right now and the moment America starts to recover so will the world which means the U.S dollar will drop in value which will ultimately lead to the United States losing its status as the world’s reserve currency. I’ve said this before and I’ll say this again people better start getting used to the new money word in North America called The Amero. The United States dollar more than likely will not be coming back to its once prestigious status in the world.
Fantastic blog post!