Obama Being Blamed For U.S. Economic Woes

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...

http://blogs.marketwatch.com

David Cameron's Political Platform Of A New Britain

Video: David Cameron's vision for Britain

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.

The East Looking Down On The West

China's Great Hall of the People

Thanks to the financial crisis that sprouted under former President, George W. Bush, as a direct result of his terrible tenure in the White House, then spread globally, it is being reported in the Washington Post, the East is looking down on the West, it once revered.

Choices spilling out of Washington, exhibiting poor financial acumen, are not helping matters. America can recover, but not along the path President Obama is currently trotting. If the wild spending continues, by 2012, America is going to be so in debt, prosperity will be a distant memory.

It is time to change course, Mr. President. You cannot continue to spend money that is not your own, in this manner, placing the nation's citizens in indefinite debt.

STORY SOURCE: http://www.washingtonpost.com

China Slams And Excoriates U.S. Government

China's President Hu Jintao

The Chinese government excoriated the U.S. government as "hypocritical" via denouncing Washington's meddling in other nations' affairs and condemning other countries, while human rights abuses in the United States against Americans and residents continues unabated.

The rebuke was in response to a derogatory report the U.S. government issued on China. The Chinese government also took its American counterparts in Washington to task, for the current global financial crisis, which began in the U.S. corporate sector, that former President George W. Bush, left unattended, labeling in "a free market" which allowed financial corruption to take root and destroy the financial portfolios of many people in America.

The Chinese government stated, as a result of said lax financial policies and lack of corporate policing, many "People are suffering all over the world" having lost their homes, bank accounts and life savings.

China is the largest holder of U.S. debt and has become concerned regarding the $1 trillion dollars it is owed, in the face of the devaluation of the U.S. dollar, due to increased spending in Washington over the past year, in trying to correct former President George W. Bush's horrific decisions.

China calls U.S. a hypocrite over human rights

Fri Mar 12, 2010 9:24am EST - (Reuters) - China accused Washington of hypocrisy on Friday for its criticism of Beijing's restrictions on the Internet and dissent, blaming the United States for the financial crisis and saying its own rights record was terrible.

In its annual survey of human rights in 194 countries issued on Thursday, the U.S. State Department criticized China, along with Cuba, Myanmar, North Korea and Russia.

China's State Council Information Office, or cabinet spokesman's office, issued its own annual assessment of the United States' human rights record in response, and this year it dwelt on America's economic woes.

"The United States not only has a terrible domestic human rights record, it is also the main source of many human rights disasters worldwide," the Chinese report said, according to the official Xinhua news agency.

"Especially a time when the world is suffering serious human rights disasters caused by the global financial crisis sparked by the U.S. sub-prime crisis, the U.S. government has ignored its own grave human rights problems and reveled in accusing other countries."...

The latest Chinese counter-blast to U.S. criticisms said Washington should concentrate on "improving its own human rights."

http://www.reuters.com