U.S. President Barack Obama's popularity has taken a massive dive, as he is catching up with former President, George W. Bush, in the blame department, regarding the ongoing financial crisis rocking America.
Where Bush precipitated the problem with the terrible management of the nation's finances and massive spending, Obama has exacerbated it with unruly, socialist spending, not suited to the U.S. economy.
Some good news in the midst of troubling financial headlines: GM repaid $8 billion of the bailout money it was given, 5 years in advance. Well done to GM.
Bush still gets blame for economy, but Obama catching up
April 21, 2010, 6:07 PM EDT - Former President George W. Bush still gets most of the blame for the nation’s current economic ills, but the government’s current chief executive is catching up, according to a Gallup poll released Wednesday.
President Barack Obama takes at least a moderate amount of blame among half those surveyed by Gallup late last month, up from 32% when Gallup last asked the question in July. The survey of 1,033 adults shows that 26% think Obama should take a “great deal” of the blame while another 24% believe the current president shoulders a “moderate amount.” Fifty percent say Obama gets little or no blame...
Based on financial data released this week, U.S. jobless claims and foreclosures have surged in America, painfully illustrating the financial crisis that began in 2008, is ongoing, as government remedies have failed to stem losses and fix the problem. U.S. foreclosures also set another record.
The financial health of Uncle Sam (Photo credit: David Dees)
A report this week also revealed, President Obama's mortgage relief program wasted billions in taxpayer money and produced very little positive results. Something similar transpired with Obama's jobs program.
Chinese President Hu Jintao and U.S. President Barack Obama
U.S. President Barack Obama is still pressuring global titan, China, to change the value of its currency, the Yuan, which is an unbelievable request. China has maintained its position that it will not budge on this matter.
Once again, President Obama needs to focus on the U.S. economy and stop interfering in other nation's policies. That's what placed former President Bush firmly in trouble.
The way back for America in this financial crisis, is not for the government to tell others to take a step down, but for Washington to work with the nation in taking a step forward.
British Conservative Party chief, David Cameron, is pledging a new Britain, in the event he and his contingent take the elections on May 6. 2010.
Cameron is vowing to make many positive changes to Britain, such as improving the economy and tax system, correcting MP finance issues and revamping the the currently broken benefits program and MP finance issues.
Britain could do with a change, to correct some of the financial deficiencies that have occurred over the last several years, as the nation has so much going for it that it would be a shame to not capitalize on that. The government should seek to build on that foundation.
Proving that the Judiciary Report can be timely and serious, the site takes a look today at U.S. President Barack Obama's pants (trousers) choices, because as we all know, this is what will save the economy.
Last year at a baseball game Obama's "dad jeans" pictured above, caused quite a stir on fashion don't lists in America. Fashionistas were not pleased.
U.S. President Barack Obama (2010)
Today, President Obama went for the regional manager khaki look, when throwing out the first pitch during a Phillies baseball game in Washington, D.C. No word on what fashionistas or the economy have to say regarding his latest look.
Obama launches Nationals year; Makes first pitch
Monday, April 5, 2010 - WASHINGTON -- In front of thousands of fans, President Barack Obama strolled to the pitcher's mound and tossed a baseball to Washington Nationals third baseman Ryan Zimmerman, officially launching the team's baseball season.
The setting - freshly cut grass, a brilliant sun and clear skies - was a picture-postcard quality introduction to a new Major League Baseball season. And the lanky Obama, appearing in khakis and a Washington Nationals warmup jacket, was the star attraction for a moment...
U.S. President Barack Obama has gotten into a verbal sparring match with Republicans over the latest job numbers released to the public. Days prior, a government report reflected many payrolls in America had shed jobs, yet today, the Obama White House touted figures stating 162,000 jobs have been added to the economy.
Here's hoping another inaccurate job tally has not been released for political reasons, as was done during the Bush administration, where numbers had to be revised to later correct the exaggeration and inaccuracies. Accuracy is needed to address and fix the problems.
April 2, 2010 2:31 p.m. EDT - In turn, Republican National Committee Chairman Michael Steele blasted the president, dismissing dismissed much of March's job growth as a product of the U.S. Census Bureau's addition of 48,000 jobs for its once-in-a-decade head count of the U.S. population.
"It is unacceptable for President Obama to declare economic success when unemployment remains at 9.7 percent and a large portion of the job growth came from temporary boost in government employment," Steele said.
The U.S. commerce data released for the month of March 2010, reveals the economy is still in trouble, as companies continue to shed a massive number of jobs, home sales are down and national revenue is significantly lagging.
This has confounded the current U.S. Treasury Secretary, Timothy Geithner, but it should not have, as this site has maintained for many months, too much government spending is transpiring on initiatives that are not fruitful in reviving an economy. President Obama has made many changes to America that are not panning out, due to bad timing and overspending.
US treasury secretary Geithner says unemployment is 'terribly high'
Thursday 1 April 2010 16.59 BST - Geithner says Obama is hugely concerned about jobless rate - The treasury secretary Timothy Geithner warned today that US unemployment was "terribly high" and would remain "unacceptably high for a very long time".
The Obama administration was "very worried" about the jobless rate, Geithner said in an interview, which has soared to almost 10% in the wake of the worst economic downturn since the depression...
Today, U.S. President Barack Obama, signed his health care bill into law. It was met with fanfare from all but 36 Democrats, who did not support the measure and greeted with a massive, "This is a big f*****g deal" from Vice President Joe Biden. Oh Joe!
However, rival Republicans continue to vow to tear the bill apart, as items hidden within it, contain funding for abortions, as paid for by your money submitted to insurance companies, that will be placed in a third party fund.
"Video: Big ... deal: Joe Biden drops F-Bomb at bill signing"
It also contains other items that will deteriorate the U.S. economy if not fixed, as they are quite costly and fall in between the cracks. The numbers are not going to add up in their current form.
In short, the Secret Service needs to beef up security, as a number of death threats and threats of violence have appeared online, from disgruntled Americans, not happy with the healthcare bill.
Video: Obama Signs Historic Health Reform Into Law
The Judiciary Report wishes to encourage the public NOT to do anything illegal or rash, via trying to harm the President. It will not solve anything, only throw the government into chaos. Violence is not the answer. If you do not like something, exercise your right to vote.
"THIS IS WHAT CHANGE LOOKS LIKE" - HIDDEN TAXES, FINES AND BRIBES
Published 03/23/2010 - 5:00 a.m. CST - President Obama and his legion, Pelosi, Reid, Stupak, et al, have said basically that once the American people get to know what’s in the healthcare legislation, they’ll actually like it. We all know how very important it is to the President and Speaker Pelosi that the American people be happy.
One must assume, based on the President’s assurance, that once we get to know this health care reform legislation up-close and personally, we’ll be so happy that we’ll all gather on a hilltop and hold hands to sing a groovy song and will vote unanimously to usher in a new age of Aquarius.
Okay. Let’s see if that works.
Here are a couple of things I learned about this legislation since its passage that I had not known previously.
• When you buy your federally mandated, IRS enforced - either by penalty of a fine or imprisonment - health care insurance you may be buying from an insurance company that will donate a portion of what you spend for your insurance to a special fund to help pay for abortions. It is now mandatory that certain insurance carriers provide a portion of what you pay them for health care coverage to a special abortion fund – Stupak’s hastily scribbled hall pass aside, this is now law. o There is no special fund for Breast Cancer o There is no special fund for Heart Disease o There is no special fund for Diabetes or MS o There is ONLY a special fund to pay for abortions
• When you sell a home in Mr. Obama’s new and improved America a 4% tax will be levied on your proceeds from the sale which will go to cover Health Care costs.
• Tanning? Apparently Dems want us all to be pasty for some reason…if you frequent tanning salons, you will pay a 10% excise tax.
• Mobility be damned! If you purchase a wheelchair, you will pay a 2.3% excise tax. I’m sure those confined to wheelchairs will consider this to be a great step forward in care.
• Pharmaceutical companies will be allowed to pass a $3 billion annual fee on to you, the consumer, in the form of more expensive drugs and medication.
• About those fines – Citizens who don’t purchase insurance would be subject to a fine of $325 in 2015 and $695 in 2016. Individuals may be subject to a charge equal to as much as 2.5 percent of their income in 2016...
• A 40% tax on health benefits happens in 2018 and applies to premiums exceeding $10,200 a year for individuals and $27,500 for families. In other words, that phrase – “If you like your current insurance, it won’t change” was a big fat lie. If you have great insurance, you’ll now be taxed for the privilege. A 40% tax is a change...
56% of the people in this nation opposed this health care reform legislation. Your actions have proven that your words have no meaning and that your government -- a government of the politician and for the politician -- views the people with absolute disdain.
U.S. Vice President Joe Biden and President Barack Obama
U.S. President Barack Obama's health care bill has passed. He is scheduled to sign it into law on Tuesday, March 23, 2010. However, Republicans are vowing to repeal it and 37 U.S. states have stated they intend to sue, under the Constitution, to strike it down in their respective jurisdictions. Oh, what a mess this bill has become!
The Judiciary Report has maintained for months, America does need a comprehensive health care plan. However, the site questioned the timing and the content of the bill, due to the financial crisis currently gripping America.
Video: TX plans to sue over health care - KXAN.com
The Judiciary Report would like to offer some constructive advice. From the moment the President took office in January 2009, the site has stated he needs to raise taxes on the rich, to pay for much of what he announced he wishes to do, during his tenure.
Had that tax increase kicked in months ago, billions of dollars could have been collected and placed into an interest bearing trust, to cover some of the nation's debts.
USA: Healthcare reform bill passed
Now, with the passage of the President's health care bill, $944 billion dollars is required to fund it. This is in addition to the billions in taxpayer money that have been wasted, under the guise of job creation and massive bank bailouts, where numerous individuals misappropriated and stole money.
You are going to have to rein in all of that unruly spending, as it is going to spell even worse news for the U.S. economy if you do not get it under control. Way too much money is flying out and no where near enough is coming in. That has to change or the nation shall face dire financial repercussions.
America has many millionaires and billionaires. It's time for the taxman to come knocking, especially in light of the fact, many of said millionaires and billionaires got America into trouble, by starting the current financial crisis, they richly benefited from, while middle class and lower income families suffered.
In closing, the jobs bill must be executed correctly this time. Don't just chuck the money into the corporate sector, believing it will stimulate the economy wherever it lands. Some of the taxpayer money from the first stimulus, was stolen and ended up hidden in off shore accounts stimulating economies other than the one you intended. The American economy can't take anymore of these costly mistakes.
U.S.President Obama continues to fiercely campaign for his health care bill, in the face of great opposition from Republicans and Democrats, who simply state the country cannot afford it. President Obama needs to pull the country out of the red, from when Bush emptied the till and then start thinking about health care when the nation is in the black.
His current proposals are not going to financially add up in the end and precious time will be wasted, putting the nation further away from an economic recovery.
Britain is getting a boost from a new line of McLaren cars set to hit the market. The supercars set to be exported all over the world, will be built in Britain and have a variety of features.
As the British government works towards a robust recovery from the global financial crisis, every new job will help in building a more stable national economy.
McLaren to build high-performing sports cars in UK
By JANE WARDELL (AP) – 15 hours ago - WOKING, England — Formula One car maker McLaren unveiled plans on Thursday to build a range of commercial sports cars in Britain, using race technology to take on other high-end European manufacturers such as Ferrari and Porsche on the highways...
China has balked at request from U.S. President Barack Obama, to change the value of their currency, due to the financial crisis in America and the worsening national economy.
It was not appropriate that he made such a request. If another nation's government made a similar request to the White House, it would be rebuffed and scoffed at, as it is asking another country to damage their economy, in favor of another one.
What Mr. Obama needs to do is raise his game and not ask others to take a step down. As the site has stated for many months, the U.S. government needs to focus on rebuilding the U.S. economy and return to the days when America was a key exporter in the world.
China digs in heels on yuan as U.S. raises pressure
Tue, Mar 16 2010 - (Reuters) - China said on Wednesday it "could not be any clearer" in its repeated commitment to a stable exchange rate after the U.S. Congress threatened to levy duties on some Chinese exports unless it revalues its currency.
The temperature in the long-running dispute over China's exchange rate regime is rising quickly, with a bipartisan bill introduced on Tuesday in the U.S. Senate that aims to get Beijing to let the yuan rise.
Focusing on the yuan will not help to solve problems in the Sino-U.S. bilateral trade relationship, a Chinese Commerce Ministry official told Reuters.
"We oppose the over-emphasis on the yuan's exchange rate," the official said, when asked about the bill. "The yuan's exchange rate is not a magic potion for solving global economic imbalances." ...
Last week, Obama's self-proclaimed "Chicago mafia" lost one of its members to a resignation, when the nation's first black Social Secretary, Desiree Rogers, regrettably vacated her post, due to the scandal the Salahis created in crashing a White House state dinner.
This week, the pressure is on for Obama to rein in or relieve Rahm Emanuel of his duties as Chief-Of-Staff. The Judiciary Report does not agree with Rahm's tinseltown tactics in government, as it needs to be left where it belongs, in Hollywood.
There's no place for Hollywood styled decision-making in government, as that is an oxymoron. Most Hollywood shot callers make said plays with a trail of cocaine up their noses, hence the flamboyance, flagrance and lack of frugality and fiduciary responsibility. That does not have any place in a house of government.
Rahm Emanuel
The nation would also be well served in taking a closer look at President Obama's financial advisors, as they are running amok, dispensing terrible advice the President is following to the letter.
America is going to be a very different place by the end of Obama's term if this keeps up. Poverty and financial ruin are on the way with the policies they have set in motion, which they refuse to listen to sound advice on, believing they can suspend the laws of mathematics. Einstein couldn't do it, neither can you.
Two days ago it was announced, new U.S. home sales declined to its lowest levels on record for the month of January 2010. Today, it was reported the sale of preexisting homes in America fell to record low numbers as well, as people are having great difficulty unloading their properties, with a lack of eligible buyers.
This is not good, as it will create more foreclosures, with 2009 establishing a record number of mortgages going into default. Some banks are being cooperative, but some are not. I have heard and read of success stories, regarding homeowners who had their mortgages successfully modified.
However, some banks are still swooping in on mortgages attached to homes with a significant amount of equity and charging excessive, exorbitant penalty and legal fees, in trying to maximize profits.
In one such case, a property was valued at double the amount the bank is owed and a devastated homeowner bulldozed the property rather than let the bank auction it off.
U.S. Economy: Sales of Previously Owned Homes Unexpectedly Fall
February 26, 2010, 12:52 PM EST - Feb. 26 (Bloomberg) -- Sales of previously owned U.S. homes unexpectedly dropped 7.2 percent in January to a seven-month low, indicating a lack of job growth is undermining government incentives to bolster the housing market.
The decline to an annual pace of 5.05 million, reported today by the National Association of Realtors in Washington, was the second-largest on record after December’s 16.2 percent plunge. A separate report showed the economy grew at a 5.9 percent pace last quarter, faster than initially estimated...
The U.S. economy continues to lose homes and jobs at a rapid, record rate, indicating the current government intervention is not working. The U.S. economy refuses to stabilize.
Stimulus money will not solve the nation's ills. It is an artificial sugar high - a temporary financial fix that has already begun to wear off in a matter of months.
It is the equivalent of giving medicine to an economic condition that ends up making it worse. The stock market is also being spurred on by ridiculously low Fed rates and artificially inflated government reports, propped up by stimulus money, whose effect is already in rapid decline.
Additional fiscal steps being taken are not going to work either. Houses of government and leadership need to be wary of following this model.
A sizable reduction of government spending and tax increases on the nation's most wealthy is the appropriate course of action, while giving lower and middle income families a chance to get back on their feet, as they constitute the backbone of the economy and it is the humane thing to do.
What is a matter of concern is the fact, Washington sees that the stimulus' effect has worn off and pushed things even further into negative financial territory, but all they can talk about is spending more money.
In days to come, you shall remember these days and regret them, as the time you spent the nation even further into a colossal financial hole that is not easily filled in or fixed. Desist with the unruly spending of taxpayer money and take a sensible, sound approach to the financial crisis.
New home sales in America hit a record low last month, of 309,000, which is a sign indicative of a weak and struggling economy. It is the lowest number since 1963 when the records began. The economic and financial systems are still log-jammed, for such a negative record to be achieved.
Buying a home is considered the American dream and if that has decreased to such low numeric levels, it should send a terrible signal to Washington that things are still amiss in the financial sector and with the American people's collective finances.
However, it is Washington and the current Congress will just interpret it as "Spend More" taxpayer money, which is the wrong answer.
Apart of the problem is unemployment has skyrocketed, many Americans have filed bankruptcy and as a result of financially challenging times, now have bad credit. It is now extremely difficult to buy a home in America with bad credit and or no job.
New home sales hit record low
Wed Feb 24, 2010 1:25pm EST - WASHINGTON (Reuters) - Sales of newly built U.S. single-family homes unexpectedly fell to a record low in January, while mortgage demand for purchases hit a 13-year low last week, fanning fears of renewed housing market weakness.
The Commerce Department said on Wednesday sales dropped 11.2 percent to a 309,000 unit annual rate, the lowest level since records started in 1963, from 348,000 units in December.
It was the third straight monthly drop in new home sales and the largest percentage decline in a year. Analysts, who had expected a 360,000 unit pace, said bad weather was partly to blame and warned of more of the same for February...
U.S. President Barack Obama stated there has not been a financial depression in America, thanks to his record spending, but he is incorrect. Aspects of the financial crisis automatically place it in the category of a depression.
More Americans lost their homes during the 2008 financial crisis, that is ongoing, than during the Great Depression. Real estate tracking agencies and banks repeatedly reiterated that a number of financially derogatory records had been set during the current crisis.
Unemployment hit record highs in a number of U.S. cities (not all), surpassing Great Depression figures. America's national debt is the highest it has ever been in history, once again, surpassing Great Depression levels, even when adjusted for inflation.
U.S. Vice President Joe Biden and President Barack Obama
Now, logic dictates, if the Great Depression was classified a "depression" as its name implies and several aspects of this modern day financial crisis have surpassed it, wouldn't the current financial free fall be a "depression" by default.
All these calamities happened under former President George W. Bush, due to his reckless war spending and inattention to Corporate America. Then, it carried over into Obama's tenure, leaving a mammoth mess for him to clean up. Regrettably, President Obama has exacerbated the current crisis via overspending.
And, if you want to get technical, the dictionary defines an economic depression as, "A period marked by slackening of business activity, widespread unemployment, falling prices and wages" and I think we can all agree that has happened between 2008 to 2010 and will continue if not properly corrected.
Side Bar: *light bulb* Maybe I should have just quoted the dictionary to begin with, instead of writing that long, drawn out article.
This is a follow up to the February 15. 2010 article Obama Talks About Being A One Term President. The next day on February 16. 2010, CNN conducted a poll, which revealed 52% of Americans believe U.S. President, Barack Obama, does not deserve a second term in office. This does not bode well for him at all, as more people think he should not be reelected, than those who think he should be.
His Hollywood styleof governing, coupled with terribly poor choices from overspending to legal violations by the FBI and DOJ, are tanking his presidency in one year flat. He needs to correct this, as no one believes an incumbent does not want a second term.
On his current path, he is going to spend the federal government into bankruptcy, if this does not desist. There will be no money for federal agencies and America will be rendered completely weakened and in mass poverty.
This Hollywood styled presidency of spend, spend, spend is going to financially break the U.S. government, as any historian knows, no empire ever survived widespread reckless spending, intact. It always comes at a price.
Clearly, some failed to learn from former President George W. Bush, who spent, spent, spent on a reckless, deceitful war, whose objective was to steal the greatest known oil reserves in the world in Iraq. Former Vice President, Dick Cheney, even admitted it. So did Bush, claiming, "The oil would pay for the war." It ended in the terrible financial collapse of 2008 and said administration leaving office in utter disgrace.
The American people deserve better than that. For every person in America that goes to work honestly each work week and pays their taxes, they do not deserve for poor leadership to destroy all they’ve worked for, eroding the country with wantonly bad choices.
CNN poll: 52% say Obama doesn't deserve reelection in 2012
By Michael O'Brien - 02/16/10 01:35 PM ET - 52 percent of Americans said President Barack Obama doesn't deserve reelection in 2012, according to a new poll.
44 percent of all Americans said they would vote to reelect the president in two and a half years, less than the slight majority who said they would prefer to elect someone else.
Obama faces a 44-52 deficit among both all Americans and registered voters, according to a CNN/Opinion Research poll released Tuesday. Four percent had no opinion.
Recently, President Barack Obama stated he would rather be a good one term president, rather than a bad two term president. Obama's poll numbers have hit record lows, government spending has reached an all-time high and the U.S. economy is in the worst condition it has ever been in, as the incumbent has been unable to correct the damage the former president created, making decisions that have worsened the nation's financial state.
If this pattern continues, Obama will not leave office in good standing. His legacy will be, he spent more taxpayer money than any other president in history, national debt reached an all time high during his presidency and his poll numbers hit record lows months after assuming office. Who would really want such a legacy. As the first black President of America, Obama owes African-Americans and blacks worldwide more than that.
However, Obama is governing Hollywood style, with big budgets, like on a movie set and controversial company...and therein lies the problem. Last week, historian, Webster Tarpley, stated Obama is inviting the Dalai Lama to Washington, as he is a favorite of Hollywood, who donated millions to the President's election campaign and often visit the White House as well.
(Webster Tarpley) Video: US-China relations could get worse - RT
Inviting the Dalai Lama to the White House was not in America's best interest, as the largest holder of national debt, China, took it as spitting in their faces, due to the massive ongoing dispute they have with the sectarian leader they deem a rebel trying to splinter their nation.
China is now threatening to sell all U.S. bonds it purchased. The Judiciary Report is not stating be uncivil to the Dalai Lama, but the nation is steeped in financial turbulence, therefore, was this really the best time to engage in such a maneuver, infuriating the largest holder of national debt.
Then, there is the big budget Hollywood style spending coming out of Washington, like they're on a movie set. Anyone championing it, simply does not understand economics. Many a movie studio and film production company have gone belly up spending like that anyway - why the government thinks it will fare any better following said example is anyone's guess.
No nation in financial distress can truly spend its way out of debt. You are a government. You can't spend money to make money, as though you are a corporation in the black. It is also worth noting, some of what the government is spending taxpayer money on is quite risky, not guaranteeing any proper, lasting return. This is the time to raise taxes on the rich and cut government spending.
Any good head of state should hope to leave office with the legacy of helping the poor, reducing national debt, boosting the economy, rebuilding political bridges that were burned both nationally and internationally, promoting peace and consistently using forthrightness, candor and impartiality in governing decision.
Following the Hollywood way is not the way to achieve a good legacy. If following Hollywood lands Obama in Chicago in 2012, rather than Washington, he is going to be angry, embittered and full of regrets. They are not worth your presidency or legacy.
As for Hollywood, they need to get their backsides back on their sets and keep their noses out of people's politics. You are actors and singers paid to perform lines someone else writes, as most of you aren't even bright enough to do that (hence all the stealing of copyrights).
In my experience, Hollywood stars are often crazy and dimwitted - they play politicians, doctors and lawyers on TV, then go out into the real world thinking they are these things and act on it to disastrous results, as they have no formal training or the mental capacity for it.
Exclusive: Obama Would 'Rather Be Really Good One-Term President'
Obama Tells Diane Sawyer That Health Care Bill Had Political Cost
Jan. 25, 2010 - President Obama, buffeted by criticism of his massive health care reform bill and election setbacks, said today he remained determined to tackle health care and other big problems despite the political dangers to his presidency.
The president tells Diane Sawyer about his first term and poll numbers. "I'd rather be a really good one-term president than a mediocre two-term president," he told ABC's "World News" anchor Diane Sawyer in an exclusive interview today.
U.S. President Barack Obama signed an executive order at the White House yesterday, raising America's debt ceiling from $12.394 to $14.294 trillion. That's a lot of debt and sadly, there are no concrete plans to lower it.
