Category Archives: Economy

Are Obama’s Obamacare Lies Cause for the Administration to Be Sued for False Inducement & Fraud?

A successful fraudulent inducement claim requires a claimant to establish that it “reasonably relied” upon promises of future conduct made by another party.

We all heard Obama’s claims countless times. A vote for the Democrats and support of the Affordable Care Act would not impact you negatively. If you already had insurance liked your plan you could keep it. Don’t worry you wouldn’t have to find a new doctor or change your current health insurance policy. The MSM, social media, cable news all have his claims on tape. There were NO equivocations, you could keep your planOBAMA LIED & GRANNY DIEDPERIOD!   With the failed website and the possibility that as many as 15,000,000 will lose the plans they liked and their doctors as well, we all know the cynical lies repeated by Obama and his team. Team Obama lied knowing that if the truth were really told to the American people that Obamacare, now refereed to as the Unaffordable Care Act, would never pass.   So, many in Congress voted for Obamacare based on the promises and representations of the Obama administration.  The American people re-elected this man based on the same fake promises. Worse still, it has come to light the Obama knew as far back as 2010 what he was pitching to sell Ocare was little more than a load a horse manure.

THIS IS ACTUAL FRAUD

Findlaw defines fraud as any act, expression, omission, or concealment calculated to deceive another to his or her disadvantage.  

The key words in this definition are calculated to deceive. The heart of this type of fraud is misleading the other party as to the facts upon which he/she will base his/her decision to act.  Misrepresentation causes one to enter a transaction without accurately realizing the risks, duties, or obligations incurred. Sound like the promises Obama has been making since 2010 and before?

Did Obama not verbally make false representations? Did he not knowingly conceal the truth about people losing their health care plans?  Clarence Page, Chicago Tribune columnist and long time supporter of the president and his policies thinks Obama’s lies were political lies and that somehow makes it OK!  

Obamacare Collapsing Under Its Own Weight

Glitch – A minor malfunction, mishap, or technical problem; a sudden …… usually temporary malfunction or irregularity of equipment

Completely predictable; but would anyone listen? Nooooooo!

More snarky but true concerning the Obamacare train wreck from Flopping Aces and Common Cents.

Are Bailed Out Big Banks & the Feds Preparing to Raid Depositor Accounts for Bail-ins?

WASHINGTON – The questionable practice of “bail-ins” begun by Cyprus a year ago to keep banks solvent is beginning to spread to other nations, and holders of large deposits are starting to see their balances plunge literally overnight.

A “bail-in,” as opposed to a bailout that countries especially in Europe have been seeking from the International Monetary Fund and the European Union, is a recognition that such outside monetary injections won’t be forthcoming.

What’s a bail-in?

 

Essentially it is a grab of a percentage of a depositor’s account as a way to hold additional money in reserve to help banks balance sheets meet the government’s reserve demands. Put another way, this is a new method of taking private sector wealth as fashioned after the Cyrus fiasco this spring.

 

A recent article in American Banker spells it out saying the era of the bank bail-in is upon us. The Wall Street Journal reported that the banks most likely to give you and IOU in exchange for your hard earned cash are Wells Fargo, JP Morgan Chase and Citigroup. In reality any bank that received a government bailout is a candidate to look to YOU for THEIR bail-in!

 

BANKS ROBBING US3Have you heard of the FDIC-BOE plan that many banks are supporting?

 

Under the plan big banks would get our (your) money and we (you) would get bank shares. That is, you would get bank shares in an institution that is basically insolvent or it wouldn’t be raiding your account to begin with!  We wouldn’t be left empty handed. No, no…we’d get the bank’s IOUs otherwise known as converted bank equity shares.

 

Converted! Do you like that term? What it means is the FDIC under Obama has allowed your cash to be stolen (such an unpleasant term) or converted (see, isn’t that better!) for their use!

 

Remember that business Obama said that you didn’t build by yourself?

 

Well, those same fine people believe that whatever is theirs is theirs and whatever is yours is also theirs!  In all their wisdom, they believe because the taxpayer bailouts were so unpopular that stealing from small business owners and smaller bank “shareholders” with no voice in Washington, will be less egregious!

 

The acts that are already in motion now would deliver clear title to the banks of depositor funds. Buried within the Dodd-Frank bill is a provision that makes bail-ins legal!

 

Plans are under way for our global economy, plans that include global banking allowing access to your accounts. Was the so-called Cyprus Experiment a prelude to the launch of a global trend of bank deposit confiscation? Only the most naive could think otherwise.

 

Why is it so important to know what is happening in other countries, Canada for instance? Private pension funds were just raided by the government in Poland, and a bail-in is being organized for one of the largest banks in Italy.

 

As recently pointed out in Time to Run from the Banks, now that bail-ins are becoming globally acceptable, no bank account and no pension fund will ever be 100% safe again.

 

What is means for us is that the governments of the world are eying our money as part of the solution to any future failures of major banks outside the U.S.

 

There is one final consideration, the worst part, as it were. Your hard earned money may be used, or “bailed-in” in the future to help bailout the banks/countries whose practices have caused the upheavals in Spain, Greece, Ireland, Portugal.

 

Remember Lehman Brothers that was too big to fail? Nuff said…

 

One comment about this video.

This woman isn’t a financial expert, but she does possess more common sense than those (fill in your own adjective ending with er here) in Washington. Her voice helps get through to the important points about bail-ins.

Obama and Democrats completely responsible for impending government shutdown

Can you spell un-presidential, because that’s our dear leader. The House of Representatives works all weekend to try to avoid a government shutdown that supposedly no one wants while our prez golfs and putts (shoulda put putz) around!

 

Make no mistake, if a government shutdown does take place you can put it firmly in the lap of the Democratically controlled Senate and our poseur POTUS, Obama. He’s the guy who can negotiate with terrorists but not the GOP or the House of Representatives!

 

We knew that when the House sent over its bill funding the government with the exception of Obamacare that it was dead on arrival. But the House Republicans have sent over an imminently common sense revised bill.

 

Here’s the most important part of the revised House bill, not only does it fund the government AND Obamacare, the only critical piece tacked on is it DELAYS IMPLEMENTATION for the average citizen for one year. Essentially, this waiver is identical to the waiver Obama has already granted businesses across the country.

 

If the delay is good enough for business, why can’t the average Joe who has to shoulder this 2,000 page legislative monstrosity no one in Congress read before passing it?

 


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The Fiscal Cliff for Dummies Explained

The truth is I am simply exhausted… exhausted from Team Obama’s governance style of going from crisis to crisis. It gets to a point where one simply does not care.

In fact, not only don’t I care, I can’t wait for the whole damn bunch of them to take a dive. It can’t happen fast enough.

Let’em all go over the friggin fiscal cliff…OK, Obama first…splat! Next in line Harry Reid and Nancy Pelosi (hand in hand please!) …splat!

Oh, we can’t forget the U.S. Navy for pulling one of its aircraft carriers from the Mideast as a way to protest the possible cutbacks brought about from the automatic sequestration cuts. It seems the Navy will lose $4 billion over the next six months, an amount not large enough to be considered spit in the ocean. So, Mr. Panetta hold hands with the Navy officials who put their interests above those of the country…splat!

By the way, did you know that sequestration doesn’t mean ACTUAL cuts, but a slow down in spending? According to the Coalition to Reduce Spending:

It’s important to note that the sequester isn’t cutting real spending. The automatic spending “cuts” are only from the bloated CBO baseline. In other words, the sequester will only slow down the rate of spending increases. That means Pentagon spending will still increase over the next  ten years even with the sequester.

Now, want to really get sick? According to writer Arnold Ahlert in FrontPageMag.Com latest post on all this sequester hysteria, the real number for our national debt is significantly higher than $16 trillion! When all the government’s “off the books” numbers are added in and counted America’s actual debt is $86.8 trillion, or 550% of GDP!!!

Remember when the MSM used to talk about all those “unfunded liabilities?” 

                                                                                                                                                                  Next in line for their trip over the cliff should be all those in the talking heads and icky economists in the MSM, Obama’s cheerleaders and fear-mongers for ginning up what the sequester really means…Mr. Cooper no pushing

Ms. Maddow, Mr. Matthews line up, right behind Paul (I love welfare states) Krugman… are you going to be pushed or do you want to jump (?)...splat, splat…splat!

The truth is, the $85 million that the sequestration “cuts” will impose when compared with our $16 trillion deficit are small indeed. When compared with our actual debt of $86 trillion, these cuts are the equivalent of a speck of sand on the Sahara desert. 

Hey, Mika and Joe Scarborough next in line. Ah, I love the smell of napalm sound of Progressives splattering in the morning! SPLAT! SPLAT!

 

 

 

 

Obama Wants Your 401k & IRA’s to Clean Up His $16 Trillion Dollar Deficit

You can classify this under Cha Ching!

That’s what immediately came to mind when Obama and his team of economic deconstructionists (the ones who believe YOU didn’t create that small business) learned how much retirement assets total in this country.

A 2012 study by the Investment Company Institute found that U.S. retirement assets total $18.5 trillion! The figure is comprised of $3.5 trillion in IRAs and $5.1 trillion in 401(k) plans). CHA CHING!

This target is too tempting for the administration to ignore faced with their spiraling budget deficit with talks it is approaching $20 trillion.

Ironically when these two programs were originally designed it was because it was felt that Americans did not save enough for their own retirement. These plans were put in place to supplement social security and to incentivize us to save. That was before!

Now with the big government socialists in power, current thinking is that responsible savers are denying the federal government the tax revenue it deserves! Insanity doth reigneth in Washington.

If this doesn’t scare the hell out of you, I don’t know what it will take.  According to  Townhall.com, 401k, and IRA owners are first on the Democrats’ radar and may see their plans taken away.

“House Democrats are planning on eliminating those tax breaks and converting the private plans to government-controlled retirement accounts, where they will be at risk for insolvency.”

After listening to the following video it will be clear why my advice is, you should start looking for ways to protect the saving in your IRA or 401k if you’re lucky enough to still have one.

Here’s just one opportunity.

 

http://www.youtube.com/watch?feature=player_embedded&v=VehHjmm1TRw#t=500s

Obama Owns Supreme Court’s Decision; Obamacare is Legal as a Tax!

When is a win not a win or a tax not a tax? Or maybe I should have opined, “be careful for what you wish for, you may get it.” 

Obamacare passed constitutional muster today in a 5-4 decision written by Chief Justice Roberts. The most hated piece of legislation ever passed by the Congress is now officially the law of the land.

Yea, rah rah, maybe!

Chief Justice Roberts is either the cleverest or the most devious jurist ever. With his majority opinion in place, that Obamacare is not constitutional under the Commerce Clause, but is constitutional as a tax, Obama is stuck explaining how this contradiction in his portrayal of the law could have come to pass.

After all, didn’t Obama and is minions tell the American people countless times that Obamacare was not a tax.

This is from the White House Insider and what today’s decision means:

And the initial reports I’m getting are telling me there was a lot more clever going on inside that decision than the initial reaction will indicate. It’s the Obama Tax now.  And states were given an out.  The entire law is a big ass convoluted mess and the ruling has reinforced that fact.  Obama will have to defend something he doesn’t understand, and Romney can now sit back and just repeat over and over again “repeal-repeal-repeal”.

Oh, one other thing, it’s going to be a long, long time before Obama and the radical progressives will be able to talk about “activist judges” on the Supreme Court subverting the will of Congress and the American people.  Chief Justice John Roberts just saw to that.

Louisiana Bans Cash Sales; Why the Government Wants to Take Your Cash

“Money’s destiny is to become digital,” announced a 2002 study by the Organization for Economic Cooperation and Development. In terms of public safety and national security, the sooner the world moves to a digital cashless economy, the better. Jonathan Lipow

The headline screamed, “Louisiana Bans Cash!” When I heard this two days ago I thought it was a joke, but this isn’t funny and it’s no joke.

The State of Louisiana has banned cash sales on all 2nd hand goods. Yes, boys ‘n girls you can no longer go to a swap meet, antique store, garage sale, etc. and use cash to purchase your items .

The excuse being used by the author of House Bill 195, Rickey Hardy, is that by eliminating cash sales of second hand goods this will help law enforcement track stolen goods like copper, etc.

Customers will have to use checks, credit cards, or purchase a money order. And it gets worse, according to Attorney Thad D. Ackel, lead counsel at Ackel and Associates LLC.:

. “For every transaction a secondhand dealer must obtain the seller’s personal information such as their name, address, driver’s license number and the license plate number of the vehicle in which the goods were delivered. They must also make a detailed description of the item(s) purchased and submit this with the personal identification information of every transaction to the local policing authorities through electronic daily reports.”

Now why would Louisiana or any state want to ban cash sales? Because they want to track our every move.

This is just the first OVERT step in moving us towards a cashless society, towards implanted tracking chips, national ID cards, and more.

Here’s another excuse for a NWO cashless society. Turn in your cash and we’ll all be safer!. Ya, right!

 

Herman Cain Wins Florida Straw Poll; Crushes Romney & Perry

Florida has jumped on the Cain Train, and why not.

CAIN 2012

Cain is everything Obama isn’t, including being accomplished, genuine, thoughtful, and a real leader.

I jumped on the Cain Train a long time ago. I also noted in February, that Republican candidate for president, Herman Cain, might just possibly be Barack Obama’s worst nightmare.

The MSM and the cable networks know how strong Cain is as well. One can tell that by the lack of genuine coverage that he receives. With the exception of Fox News, most coverage has been tepid at best.

One of the best lines during the debates at the Ronald Reagan Presidential Library in Simi Valley two weeks ago came after Cain explained his “9-9-9″ economic plan.

He quipped when discussing taxes and the economic mess Team Obama have put us in, “If 10 percent is good enough for God, then 9 percent is good enough for government!”.

This was a great line, but few political talkers and unabashed supporters of pResident Obama on the networks reported it. It didn’t really matter because it was all over the political blogs on the Internet.

All of which brings us back to the latest Florida straw poll. Here’s a full breakdown of the results:

Herman Cain: 37.11%
Rick Perry: 15.43%
Mitt Romney: 14.00%
Rick Santorum: 10.88%
Ron Paul: 10.39%
Newt Gingrich: 8.43%
Jon Huntsman: 2.26%
Michele Bachmann: 1.51% (this one’s a surprise)

I wonder if this means CNN, the ever unctuous Chris Matthews, and Morning Joe will be reporting that Herman Cain is now a first tier candidate for the GOP nomination of POTUS?  Hmm, I wonder?

One thing I’m betting, we are going to see some last minute changes on the Sunday news shows.

FEDS RAID GIBSON USA; INTIMIDATION OF REPUBLICAN OWNED COMPANY BY OBAMA’S INJUSTICE DEPARTMENT

In the current case, the government said even if India says Gibson is not violating their laws, our government has interpreted it as a violation of their laws.

 

 

The Obama Administration’s recent raid on Gibson USA on August 24th may have slipped under the radar for the most part, but it shouldn’t have.

This is serious business because the brute use of force and intimidation used by Team Obama against Gibson is unconscionable and dangerous. It is also the second time in two years that the company has had to deal with this kind of intimidation.

The Wall Street Journal reports:

Federal agents swooped in on Gibson Guitar Wednesday, raiding factories and offices in Memphis and Nashville, seizing several pallets of wood (worth a half a million dollars), electronic files and guitars. The Feds are keeping mum, but in a statement yesterday Gibson’s chairman and CEO, Henry Juszkiewicz, defended his company’s manufacturing policies, accusing the Justice Department of bullying the company.

“The wood the government seized Wednesday is from a Forest Stewardship Council certified supplier,” he said, suggesting the Feds are using the aggressive enforcement of overly broad laws to make the company cry uncle.

[…]

The Fish and Wildlife Service said they were looking for banned Madagascar ebony (in the past, it was used for fretboards). This is banned under The Lacey Act of 1900 – that’s what I said, 1900. While The Lacey Act has been updated over the years and it’s an obscure, little-used law.

Then the Feds said they were looking to see if the wood from India that Gibson uses meets every petty regulatory everything. In other words, the Feds are investigating whether or not Gibson violated Indian laws, not U.S. laws, Indian laws.

Their excuse is that Gibson USA has violated the 1902 Lacey Act a little known act designed to protect certain species. The real reason that federal goons from Obama’s Injustice Department are after Gibson USA is because the CEO of Gibson is a Republican and Tea Party supporter!

How can I say that? Every other guitar manufacturer in the U.S. uses the identical type of wood from India and they haven’t been raided. One would think if Gibson is in violation so would the other manufacturers. Ah, but those companies are run by Democrats that donated to Obama. See, the difference?

Oh, let’s not overlook the fact that Gibson is not a union shop or the fact the Gibson’s major competitor is a Democrat.

According to Seeing Red AZ , “Chris Martin IV, CEO of the Martin Guitar Co., is a long-time Democrat supporter, donating tens of thousands of dollars to numerous far-left candidates and organizations, among them Barack Obama.”

Forget anything Team Obama says about wanting to create and save jobs. This raid is yet another example of their ham-handed tactics designed to destroy American jobs and support unions. Gibson employes workers in four U.S. factories and has continued to hire in a down economy.

Now want to hear something scary? The federal government has said that all Gibson’s problems will all go away if Gibson will have all of the work outsourced to India! Let’s just call this use and misuse of the Lacey Act.

One other thing. Do you own a piano, guitar, or other musical instrument that was purchased in the past (many years past) before these novel interpretations of law took place?

Did you know under this knuckle dragging enforcement of the Lacey Act by the Fish & Wildlife Service that  if you try to sell your musical instrument you too could go to jail several years and pay a minimum $1,000 fine if the instrument has any of these newly banned woods?

So tell me again, “how’s that hopey changey thing working out for ya?”