Just more evidence that Obama is trying to extend the government trough out past the usual corridors and into society. At some point, though, there will surely be a major backlash. The majority, who don't feed themselves or their families with money confiscated from their neighbours, are not going to appreciate having their families struggle just so Big Smooth Daddy can engage in empire-building on their dime.

If Americans don't see through this dangerous (by virtue of his position) scam-artist, America is going to be in serious trouble within ten or fifteen years. America with Obama as President has all the makings of an historic tragedy.

Another juxtaposition: the US deficit so far this fiscal year is not much less than twice Canada's entire national debt.

breaucrats, the new uber class. just wait until they really get control of peoples lives.

and for the first time, last weeks sale of 30 year US bonds was slow and they had to adjust the rate up to complete the sale.

Bond buyers are getting very nervous about Obama. His only recourse is print money.

Can you say inflation ?

sorry . . the link

http://tinyurl.com/qx8sc

I'm still waiting for Obama to pay my mortgage...

I like this place...

Eventually, the government will be the sole employer.

There is a word for this.

It's on the tip of my tongue.

I have two siblings in the states, the prospect of serious civil unrest is alarmingly high. The Obamidiot is very dangerous.

The dollar is sinking slowly, commoditiy prices are rising on no demand because of it, and yet the Fed still is crying deflation.

The deflation so far was due to the commodity bubble in the summer of 2008, did anyone remember the food and fuel inflation?

With inventories hitting lows and commodities rising faster than the demand we will simply see inflation from these normalized levels based on the USD weakness even without any productivity demands from growth.

Simply watch the energy complex oil, natgas, coal. No demand and rising prices.

And how did the whole housing bubble burst again?

Exactly this kind of thinking.

Obamica? Hmmm, I am thinking Obambwe instead. The only way out of this mess is to produce our way out of it. No amount of happy talk changes that hard fact.

Which is better, an economy where we do each other's laundry? Or an economy where we shuffle each other's papers?

Obamica? Hmmm, I am thinking Obambwe instead.
~Shaken

I think of it as "the Obamanation of Desolation".

Well, well, well - the Obama circle have taken on an old Liberal ploy, used with great effect by Trudeau and Chretien. Hire, hire, and hire some more, until everyone is working for the Feds. Furthermore, if the Feds hire someone who has been laid off, that person will be pathetically grateful and probably loyal forever to the Liberal or Democrat leaders, as the case may be. I don't remember if Machiavelli covered off this practice or not. Of course Gov't resources in the 16th C were not in any way comparable to those of the present day.

I am considering purchasing a new 42' wide screen TV so I can watch the upcoming New American Civil War in HD with Dolby 5.1 and stunning colors.

This current trend can't last, there are too many people in the USA who are NOT GOING TO PUT UP WITH OBONGO'S SOCIALIST HORDES destroying the country and everything it (used to) stand for. There is too much at stake. Plus, Americans are not Canadians, they don't 'spread em' so easily.

Step one to leftarded hell: get as many people reliant on government as you can.

This creates a captive group of big-government voters.

Once a critical mass of people are leaching and sponging off of an ever-decreasing wealth base (known as the private sector) the fuse has been lit on your society's bomb belt. After that, it's only a matter of time before your once-great nation becomes a has-been nation. Just ask the Brits. Or worse, the Scots. Clearly, every good Scot left Scotland. Seems loafers and deadbeats are all that remain in country.

A 13% of GDP deficit is a fast-track way to self-detonation.

So if you get cost of living increases due to inflation does that mean you'll get cost of living decreases during periods of deflation?

AAA Bond rating, going, going.......

Before clicking the links, I assumed that this post was referring to Canada. Federal employees can take 1 year maternity/paternity leaves with benefits topped up to 95% of their annual salary. They can take a "leave of absence" to do whatever they want and have their job guaranteed for them when they return. And what percent of people in Saskatchewan work for the government?

This bill is going to kill our childern. )-:

Hello Birdy has a good point. Americans are not Canadian, they won't put up with it.

We in Canada have been losing freedoms faster than the US, and nobody does anything, we're too complacent.

Maybe if I go assist in this New civil war, they'll let me stake my claim after it's over, provided I'm still in one piece :)

And, to top it off, the "Stars are aligned" for "Universal Health Care". Apparently, one of the stars that is not required to be aligned is to have any money to pay for it. 1.8 *T*rillion dollars in deficit spending *this year* before they do this.

Obama is doing an excellent job. It's just that rightards can't come to grips with the fact that their fear mongering is and always has been a big bag of hot air.

Kate, thanks for pointing out the folley of the right. You're the left's best friend!

NSES

"Obama is doing an excellent job."

Name one supstantive Obama policy which has come into effect in which you believe can be objectively characterized a sucess.

OT

Rick in AB

I responded to your question on May 11 in the "The First American Prime..."

Warwick:

Obama has successfully backed up his financial supporters, Big Labour, in every initiative he's taken.

And, he's successfully passed on the bill to the American taxpayer as he builds the brave new world of the USSA.

Chrysler owned 55% by the UAW.

The UAW will be given 39& ownership of GM this weekend.

He's done what Jack Layton is unable to do in Canada.

SYF,

I suppose I should have said "objective measure of success to the nation" instead of his agenda.

He has done all those things you state. At the cost of his nation. More succinctly, the cost to his nation's children who will grow up to pay the inordinate cost of his legal vandalism and marxist extremism.

And to think I was an optimist about that creep when he appointed Volker to his team.

birdy has not been listening to the people in her/his country. they are as stupid as canadians and will continue to vote for socialism until it chokes them.

Posted by: Rick from AB at May 13, 2009 1:13 PM

"Hello Birdy has a good point. Americans are not Canadian, they won't put up with it.

snip

Maybe if I go assist in this New civil war, they'll let me stake my claim after it's over, provided I'm still in one piece :)"

Rick,

Understand that PUSHBACK HAS STARTED.

Montana passed legislation that protects the state's rights pertaining to gun rights. They have set up the battle, destined for the SCOTUS, that defines state rights vs. federal interstate commerce. This has reverberations in more than just the gun rights.

Utah and Texas quickly announced that they were working on the same thing last week.

This week brings the announcement that Ohio and Missouri (? I think) will be next. Wyoming will be following suit.

I heard, an hour ago, that Minnesota (of all places, considering their vote for Franken) passed a similar law today.

The governors have seen the writing on the wall from the Obama administration, and do not like what they are reading. They are moving to protect state rights.

In the background the Obama left has to be absolutely sh*tting bricks. This WAS NOT part of the plan.

Lefties, take notice. Those are states (and the number is growing weekly) where you will have to fear the backlash from the rednecks that you have been so busy denigrating.

Since Obama has been so busy pissing on the military, the National Guard and the LEOs (he cut the budget in half for the fund that paid for the education of children of fallen LEOs last week) who will there be to protect you lefties?

Rick, if you come to join up you may have to BYO arms. We are all hording, you know. Recommend you email ahead for the password.

The chinese have been buying up gold & oil. All they have to do is call in the loans & with America with nothing to back their dollar. Its bankrupt time. China than can make thier currancy the world standard with back up.
Since the American dollar is the wold standard now, if it lost that position it would become hyper infaltion.
No wonder states are firewalling themselves from the Feds.
JMO

Once again, I feel duty bound to inject some fiscal intelligence into the debate. EBD, blaming this on Obama is ridiculous (not that he doesn't have plenty else to answer for, but not this one).

April 09 tax receipts are based on the 2008 calendar year, which last time I looked, was the last year on GWB's watch. The fact that tax receipts were down dramatically is a result of unemployment, corporate losses, and huge capital losses that took place in the last four months of 08. Tax receipts were down over $21 billion from the previous year. This is more than the estimated $18 billion deficit for the month.

For those looking for informed financial commentary on the US, I recommend zerohedge.blogspot.com. For those looking for hilarious coverage of the personal and financial pecadillos of Wall Street and Washington, I recommend dealbreaker.com.

Once again, I feel duty bound to inject some fiscal intelligence into the debate. EBD, blaming this on Obama is ridiculous (not that he doesn't have plenty else to answer for, but not this one).

April 09 tax receipts are based on the 2008 calendar year, which last time I looked, was the last year on GWB's watch. The fact that tax receipts were down dramatically is a result of unemployment, corporate losses, and huge capital losses that took place in the last four months of 08. Tax receipts were down over $21 billion from the previous year. This is more than the estimated $18 billion deficit for the month.

For those looking for informed financial commentary on the US, I recommend zerohedge.blogspot.com. For those looking for hilarious coverage of the personal and financial pecadillos of Wall Street and Washington, I recommend dealbreaker.com.