The right wing extremists constantly attack President Barack Obama as being a Muslim and being anti capitalist!
While they spew their hatred and propaganda, Barack Obama has conducted warfare against Muslim terrorists all over the world, and had a very high ratio of success!
While they propagandize that Obama is a Socialist, and hates capitalism, he has done nothing to harm capitalism, and has presided over more than a doubling of the stock market numbers, the greatest in American history!
When will the right wing recognize that they are losing all credibility, and that Obama will go down as a successful President in dealing with Muslim terrorism, as well as presiding over an economic growth that would be far better if the Republicans in Congress only put the American people first, instead of their catering to special interests?
Concerning Wall Street I will just say a few things. First, I don’t think conservatives accuse him so much as being anti-capitalist as much as being anti-free market. In other words he favors highly regulated state-capitalism (the type European and Latin American socialist/statist love), which leads to crony capitalism. Second crony capitalism favors friends, which tend to be either in Wall Street or at the government contractor trough. This essentially leaves out Main Street, which only prospers with free market capitalism that makes the whole economy grow (more jobs), not just the stock market. Finally I will repost what I posted in March regarding precisely this issue.
“It’s a fabulous irony that Obama, who has dined out politically by vilifying big business, finds himself the master of a rich-get-richer universe. All the more astounding: No one invited Obama’s ardently championed “hardworking Americans†to the feast — except if they were lucky enough to have the remains of a 401(k) retirement savings plan and the stomach to play stocks. And even the 401(k)’s are coming under the voracious appetite of the Federal Government! Too much money out there that we need!! With unemployment stuck around 8%, and with millions of people forced into part-time or low-paying jobs, corporate earnings have climbed 20% a year since 2008 while disposable incomes edged up 1.4% annually, according to Dean Maki, chief U.S. economist for Barclays. Oh, how the Democrats would flay a Republican who presided over such a have-and-have-not economy. They spare their man because, well, he’s their man. They’re sure Obama’s heart is in the right place, and they blame the GOP for preventing him from lifting the fortunes of the working and middle classes.
Whatever, as for the stock market, let the bulls run. But let’s also focus on those getting left behind, which is basically everyone in the fabled 99%.
Democrats claim they’re for Main Street, not Wall Street. Yet only Wall Street has thrived under President Obama’s job-killing policies, freezing unemployment at 8 percent while Wall Street has soared on corporate earnings. The president’s demon private equity industry is making out like bandits in this economy. While the president roasted private equity firms like Mitt Romney’s Bain Capital as evildoers, 2012 brought them a mountain of money. Dividend payments alone topped $100 million apiece for Blackstone, KKR, and Apollo executives. Why??? Please pay attention. Because while Obama’s regulatory juggernaut flattened job growth, Ben Bernanke’s Fed has tried to keep the economy alive on a drip feed of low interest rates. Cheap money is honey for private equity which has gone on a debt-fueled buying binge. It makes financing leveraged buyouts much less costly and thus potentially much more lucrative. In other words Obama is feeding Wall Street with cheap money! The buyout feeding frenzy has driven up stock prices and fattened One Percenter paychecks. LOL! The Fed’s extraordinary stimulus, however, has many fearing a financial bubble. In a market driven by debt, what happens when interest rates rise again? Uh-oh. Warren Buffett – Obama’s booster – worries, saying markets are on a “hair trigger†because â€an awful lot of people (will) want to get out of a lot of assets†when the Fed has reversed direction. And when that happens – hey, just blame George Bush! LOL! “
The problem is the stubborn Conservatives (a.k.a. Regressives) in Congress. They keep blocking jobs bills that will put people back to work. The electorate needs to wake up and vote them out in 2014!
An example of how the Regressives are is the airline furloughs. It’s amazing how quickly they act when something affects them.
Concerning the sequester I think Charles Krauthammer puts it best.
_” The Big Mo is gone. It began with the sequester. Obama never believed the Republicans would call his bluff and let it go into effect. They did. Taken by surprise, Obama cried wolf, predicting the end of everything we hold dear if the sequester was not stopped. It wasn’t. Nothing happened.
Highly embarrassed and determined to indeed make (bad) things happen, the White House refused Republican offers to give it more discretion in making cuts. Bureaucrats were instructed to inflict maximum pain from minimal cuts, as revealed by one memo from the Agriculture Department demanding agency cuts that the public would feel.
Things began with the near-comical cancellation of White House tours and ended with not-so-comical airline delays. Obama thought furious passengers would blame the GOP. But isn’t the executive branch in charge of these agencies? Who thinks that a government spending $3.6 trillion a year can’t cut 2 percent without furloughing air-traffic controllers?
Looking not just incompetent at managing budgets but cynical for deliberately injuring the public welfare, the administration relented. Congress quickly passed a bill giving Obama reallocation authority to restore air-traffic control. Having previously threatened to veto any such bill, Obama caved. He signed.
Not exactly Appomattox, but coming immediately after Obama’s spectacular defeat on gun control, it marked an administration that had lost its “juice,†to paraphrase a charming question at the president’s news conference.”
I agree with Maggie and Engineer. Juan’s a parrot.
True info concerning the sequester: http://www.winningprogressive.org/if-the-sequester-had-been-obamas-idea-it-wouldnt-exist
As the above article says, it is the Republican House that controls the purse strings. Despite claims that President Obama has increased spending, the truth is, the President only has authority to spend at the direction of and as directed by Congress.
The Glenn Frey song, “I’ve Got Mine”, is the perfect theme song for the GOP.
Lyrics: http://www.metrolyrics.com/ive-got-mine-lyrics-glenn-frey.html