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

80% Of Americans Don't Trust The Government

U.S. President Barack Obama

According to a PEW research poll, 80% of Americans do not trust the government. With the rampant abuse of public goodwill that occurred under the Bush administration, only to be followed by a year of disappointing revelations and actions by the Obama administration, Americans have good reason not to trust the government.

Let's not forget the lies of the Clinton administration, regarding Bill Clinton's extracurricular sexual activities and then First Lady Hillary Clinton's duplicitous dealings in the Whitewater scandal.

Most egregiously, the long suffering American people have been lied to about a war that wreaked havoc in the Middle East and destroyed America's name all over the world.

The nation's citizens have also been subjected to lies about renditioning, warrantless spying on American citizens by the FBI and NSA in the areas of telephones, mobile phones, computers, emails, GPS, bank accounts, credit reports and library cards. Deficit and budgetary spending has also been corrupted and camouflaged to hide the truth.

It's been one lie after another for the past twenty years, giving the American people and the world, no reason to trust the U.S. government. What is most alarming is the government's abuse of the U.S. Constitution, court system and federal law, in attempting to get away with blatantly illegal and unethical conduct. This misconduct hit a jarring crescendo under the Bush administration.

Some government officials have smirked and laughed at the gross lack of transparency and culpability in office, regarding illegal conduct they have been able to get away with, that has been witnessed by the American people and the world, clearly not grasping it has deteriorated America to terrible degrees.

It's the equivalent of burning one's house down, not realizing people are watching the act of self-sabotage, in a crooked attempt to become rich and powerful, via illegally obtained funds one is banking on.

STORY SOURCE 1:

Poll: 4 out of 5 Americans don't trust Washington

9 hours ago - WASHINGTON — America's "Great Compromiser" Henry Clay called government "the great trust," but most Americans today have little faith in Washington's ability to deal with the nation's problems.

Public confidence in government is at one of the lowest points in a half century, according to a survey from the Pew Research Center. Nearly 8 in 10 Americans say they don't trust the federal government and have little faith it can solve America's ills, the survey found.

The survey illustrates the ominous situation President Barack Obama and the Democratic Party face as they struggle to maintain their comfortable congressional majorities in this fall's elections. Midterm prospects are typically tough for the party in power. Add a toxic environment like this and lots of incumbent Democrats could be out of work.

http://www.google.com

STORY SOURCE 2:

80 Percent of Americans Don't Trust the Government

Lindsay Lohan Broke And Wasted

Lindsay Lohan A/K/A Cocaine Girl

Fallen former child star, Lindsay Lohan was spotted completely intoxicated at the Coachella music festival this past weekend, further proving claims about her lack of sobriety.

Another Judiciary Report exclusive has been confirmed today regarding Lohan. Weeks ago in the April 2, 2010 article Lindsay Lohan Falls At Club Again And Bounced Checks Confirmed the Judiciary Report stated Lohan needs to, "Remember, credit card companies will sue when you default, especially on large sums, such as the balances you are carrying, trying to pretend you are still a wealthy it girl."

Today, it has been confirmed via Radar Online that Lohan has been living off credit cards, with Lindsay running up bills in excess of $500,000, in bids at living the lavish lifestyle she once enjoyed when she was actually working and right before her lesbian sugar mommies cut her off.

Lindsay Lohan Owes More Than $500,000 In Credit Card Debt

Posted on Apr 19, 2010 @ 10:18AM - Lindsay Lohan has been hitting the party scene hard and hasn't done much work since her last film Labor Pains, which went straight to DVD. Despite her lack of income, RadarOnline.com has learned exclusively that she hasn't cut back on her spending and is now over half a million dollars in debt.

"Lindsay owes credit cards $600,000," a source tells RadarOnline.com of the troubled 23-year-old. "One card cut her off last week and it's only a matter of time before all her other credit cards cut her off too."...

http://www.radaronline.com

EXCLUSIVE: Lindsay Lohan 'Wasted' At Cochella Festival

Posted on Apr 19, 2010 @ 01:51PM - Continuing her downward spiral, Lindsay Lohan showed how dire her situation is right now while at the Cochella music festival in California over the weekend.

Lindsay was “wasted” at Cochella RadarOnline.com has learned, and onlookers said the 23-year-old starlet was obviously impaired as she partied at the music festival...

http://www.radaronline.com

Megan Fox Slams Arnold Schwarzenegger

http://www.saynotocuts.com

Transformers actress, Megan Fox, and her live-in boyfriend, Brian Austin Green, were trying to be comedic, but did a very unfunny skit about budget cuts to the California school system.

Megan Fox and Brian Austin Green

In the video they slammed California's governor, Arnold Schwarzenegger, while insulting his home country, Austria, demeaning it as poor, underdeveloped and uneducated.

Lisa Raye: The Real McCoy

Warning: contains some inappropriate language that is beeped out, but not enough for you not to know what they said!

Lisa Raye McCoy has debut her new reality show titled "The Real McCoy" and it does not paint her in a flattering light. McCoy is a Hollywood actress that had a few minor film roles and co-starred on a sitcom that was moderately successful.

She then met and married Michael Misick, then Premier of Turks and Caicos, located in the Caribbean. She admits it was a business marriage and not one of love. Together, they overspent the people's money to the tune of $20,000,000, which ended in Britain returning the island to colony status, a move that was not welcome in the Caribbean or by CARICOM.

Lisa Rae McCoy and Michael Misick

McCoy states Misick told her he had $180,000,000, which is stunning considering the British government reports he went into office with $15,000 - $50,000 in his bank account.

There were reports of frequent shopping trips by the First Couple, where they dropped $100,000 minimum during each spending spree, purchasing the finest clothes and jewelry money can buy. She flew in her Hollywood friends to the island on private jets at $50,000 per trip. The couple took expensive vacations and bought real estate all over the world, all out of the people's money, leading to the financial ruination of the nation.

Misick lost his footing and began living like a rich movie star. He even began dressing like Scarface, with a cigar hanging out of his mouth, rather than a Prime Minister.

One of Raye's friends she brought to meet Misick, who is the co-host of B.E.T.'s 106 & Park, had an affair with the Premier behind her back, infuriating McCoy.

Turks and Caicos is a beautiful place with so much economic potential, but rather that building on what the nation has in its favor, Misick became sidetracked through questionable financial choices he made and it led to the collapse of the government.

Kai (Lisa Rae's daughter), Lisa Raye McCoy and sister Da Brat (incarcerated rapper)

Now McCoy is back in Hollywood and almost broke. Misick is up on corruption charges in Turks and Caicos and McCoy is still clinging to the title of First Lady in restarting her career, even comparing herself to U.S. First Lady Michelle Obama. Sorry, but Mrs. Obama would not have said, "I have a new leash on life" during a radio broadcast.

The reality show The Real McCoy is at times very awkward to watch. You see a woman financially struggling to come back to earth, after living like a queen. Her eyes water like an onion is present, at news from Al Sharpton and a lawyer, who inform her, there is no money to get out of Misick and his creditors may pursue her. McCoy in turn asks if she can beat Misick up to get the money...which isn't even his to begin with, as it belongs to Turks and Caicos.

McCoy is very haughty in this reality series and it does her no favors. Her daughter is definitely her best accomplishment, as she is a beautiful girl that speaks well and carries herself with a humility that translates well on screen. She could learn something from her daughter.

The FBI Fancies Itself A Corporation

FBI Director Robert S. Mueller

Today on The FBI's website, the national law enforcement agency fancied itself a corporation, much like the Judiciary Report's sister site the Sound Off Column made reference to in 2006, drawing parallels to point out the agency's shortcomings, costing the taxpayers of America a fortune, due to their folly.

Today the FBI stated, "In the corporate world, the approach might help reveal inefficiencies and save money. For the FBI, finding intelligence gaps or discovering better methods could save lives."

However, the FBI clearly thinks a lot of itself, which is ironic given its terrible failure rate. As the Sound Off Column did in 2006, comparing the FBI to a corporation to highlight its failures, the Judiciary Report shall do today as well, especially in light of recently released Inspector General reports, painfully illustrating the FBI is still wasting hundreds of millions in taxpayer money. Some people never learn.

A corporation could never function in the manner the FBI has under Director Robert S. Mueller. If the FBI had been an actual corporation, it would have went bankrupt, folded and gone out of business long ago, with shareholders protesting in revolt at its poor practices that cost them a big bundle.

In corporate terms, the FBI suffers from self-inflicted bad PR, systematic budget overruns, financial misappropriation, exorbitant expense accounts, embezzlement, unethical business practices, deceptive advertising, invades customers' privacy, poor consumer ties, ineptitude, breach of fiduciary duty, misconduct, insider trading, unaccounted for and stolen equipment, unnecessary overtime, gross lack of efficiency, computer illiterate, bad communications systems, a bad line of products and a treacherous, ruthless megalomaniac CEO.

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TALKING STRATEGY

The New Intelligence-Driven FBI - 04/02/10 - With the leadership of almost every major FBI program seated around a conference table at FBI Headquarters and the top echelons of the Bureau’s three largest field offices appearing via remote television monitors, Director Robert Mueller arrived in shirtsleeves and got down to business.

The assistant directors in charge of the New York, Los Angeles, and Washington Field Offices, along with their top managers, were present—leaning forward, ready to field questions on how they are tackling the Bureau’s top priorities and their own most pressing threats.

The meeting is called a Strategy Performance Session, or SPS. It’s a management tool to drill down and identify how well a field office knows its territory and what its investigative strengths and weaknesses are. In the corporate world, the approach might help reveal inefficiencies and save money. For the FBI, finding intelligence gaps or discovering better methods could save lives.

The two-hour, semi-annual sessions—and the preparation leading up to them—can help reveal not only how much our 56 field offices know, but how they know it. What effective techniques can be adopted by other offices?...

“Everyone in that room heard from the Director about what he wants,” Harrington said. By meeting’s end, action items are clear. Headquarters knows what commanders are up against, and the field has unfiltered insight into Director Mueller’s priorities. “By asking the right questions, we’re engaging them to start thinking about it.”...

http://www.fbi.gov

U.S. Economy Still In Trouble

U.S. President Barack Obama

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...

http://www.guardian.co.uk

IG: FBI Computer System On Track For Failure

FBI Director Robert S. Mueller (Photo credit: Stephanie Woodrow)

U.S. Inspector General Glenn A. Fine has confirmed, the FBI's mess of a computer system is on track to fail once again. One part of the report cites an application within the computer system that has rendered over 10,000 software errors and become a nightmare for FBI agents. The computer system is behind once again and has wasted hundreds of millions of dollars in taxpayer money.

RELATED ARTICLE

FBI Computer System Still A Financial Sinkhole

FBI's new computer system facing more costs, delay

Wed Mar 31, 2010 5:16pm EDT - (Reuters) - A long-running effort to upgrade FBI computerized case files faced additional big cost overruns and a new delay, the U.S. Justice Department's inspector general said in a report issued on Wednesday.

The Federal Bureau of Investigation and the contractor Lockheed Martin Corp were renegotiating the budget -- last estimated at $451 million -- as well as the schedule and some of the work to be performed, the report said.

The system, known as Sentinel, had been expected to be completed by September but FBI Director Robert Mueller told Congress earlier this month it would be delayed until 2011.

"We have significant concerns with the rate and cost at which Sentinel's development is progressing," the report said. "The FBI will require significant additional time and funding to address these issues."...

http://www.reuters.com

Annals of crime: the FBI's continuing computer woes

...The back story, in case you’ve missed the OIG’s reports on Sentinel over the past five years:

“After more than 3 years and $334 million expended on the development and maintenance of Sentinel, the cost to Sentinel is rising, the completion of Sentinel has been delayed, and the FBI does not have a current schedule or cost estimate for completing the project.”

Actually, it gets worse:

“In today’s report," the OIG continued, "we also noted that the FBI had conditionally accepted delivery of Segment 4 of Sentinel’s Phase 2 in December 2009, despite knowing that there were serious performance and usability issues. “

Investigators found “10,000 inefficiencies in Sentinel’s software code” supplied by the FBI’s contractor, Lockheed Martin...

http://blog.washingtonpost.com

Obama Puts The PR In President

U.S. President Obama

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.

Obama To China: Change Value Of Your Currency

Chinese President Hu Jintao

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." ...

http://www.reuters.com

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

Corey Haim Died Broke

It is being reported actor Corey Haim, who passed away yesterday at the age of 38, died broke. In spite of the fact millions in checks went through his hands, as with many Hollywood stars, he died in debt due to overspending, costly drug use and financial mismanagement of his funds.

Corey Haim

Previously, there was an incident regarding Haim selling some of his teeth on the E-Bay website for cash. When it gained attention, he cancelled the bidding. At the time of his death, he was broke with no car or home, living with his mother in a modest apartment. Drugs destroyed his life.

Corey Feldman Says Corey Haim Died 'Destitute'

March 11th, 2010 6:00pm - Former child star Corey Haim was "destitute" when he died, according to his close friend Corey Feldman...

Feldman tells Larry King, "Corey was living in the Oakwood Apartments with his mom, very broke, very destitute. It's a month to month living. He doesn't have anything. He didn't even have a car."

Haim filed for bankruptcy protection in 1997 after allegedly running up massive medical bills and owing more than $200,000 in state and federal taxes.

http://www.starpulse.com

White House Gets Ruthless On Health Care

When The White House Attacks...

"Video: Massa: Dems targeted me over healthcare"

U.S. President Barack Obama and his Chief-of-Staff, Rahm Emanuel, have been getting down and dirty with people regarding the White House's health care bill, they want passed in Congress.

So much so, they have reportedly taken to engineering the demise of fellow Democrats, such as Rep. Eric Massa, who are hurting the vote count, regarding the legislation. New York governor and Democrat, David Patterson is under siege and pressured to resign, regarding his views as well.

U.S. President Barack Obama taking off the gloves

Yesterday, Massa slammed Obama and Rahm in particular, for dirty political tactics that forced him out of office under a barrage of threats, as he is a "no vote" on health care, threatening to tank the President's bill.

He is now alleging he was bullied into claiming cancer as the reason he is steeping down. Then, when that didn't work, a scandal mysteriously surfaced about the Congressman making sexual advances towards a male co-worker, which he denies. Republican Randy Kuhl stated the Democrats seek to drop the majority, in an effort to pass the President's health care bill.

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Obama Deficit Projections Off By $1.2 Trillion

U.S. President Barack Obama and Vice President Joe Biden

U.S. President Barack Obama's deficit projections are being labeled incorrect, off by as much as $1.2 trillion dollars. This spells terrible trouble for the U.S. economy and reaffirms the Judiciary Report's stated belief, President Obama's economic advisors are not going in the right direction.

As the Judiciary Report has maintained for several months, this massive spending the Obama Administration has undertaken, to correct the widespread damage of the Bush years, is going to end in economic disaster and a different America than you see today.

US deficit tops Obama forecast by 1.2 trillion dollars: CBO

WASHINGTON — US President Barack Obama has underestimated the government budget deficit for the next decade by 1.2 trillions dollars, estimates by Congress showed Friday.

Under Obama's latest budget projections, the cumulative deficit over the 2011-2020 period would be 8.532 trillion dollars, or 4.5 percent of gross domestic product, the nation's economic output.

But the Congressional Budget Office estimated Friday the deficit would snowball to 9.761 trillion dollars or 5.2 percent of GDP.

The CBO expects a deficit "1.2 trillion dollars greater over the 2011-2020 period than what the administration anticipates under the president's budget," CBO director Douglas Elmendorf said in a report Friday.

http://www.google.com

Obama Facing More Controversy Over Rahm

U.S. President Barack Obama

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.

U.S. Homes Sales Down Again

U.S. President Barack Obama

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.

RELATED ARTICLE

New Home Purchases In America Hit Record Low

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...

http://www.businessweek.com

Stimulus Has Lost Its Effect

National Numbers Begin To Plunge Again

U.S. President Barack Obama

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.

RELATED ARTICLE

Obama Incorrect Regarding No Financial Depression

New Home Purchases In America Hit Record Low

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...

http://www.reuters.com

Billboard: Impeach Obama

Obama: hold on now!

A Wisconsin company has paid thousands of dollars to erect a billboard, calling for the impeachment of U.S. President, Barack Obama. The billboard complains of Obama's alleged failure to help small businesses in America.

The U.S. business sector is in a bad way, leaving many disgruntled at financial freefall initiated by the Bush Administration, through careless, wanton choices. Team Obama has been trying to fix the nation's financial woes, but thus far has been unable to, due to massive overspending and inadequate taxation.

Billboard on U.S. Highway 41 in Oshkosh calls for impeachment of President Barack Obama

February 15, 2010 - A company represented by a Menasha lawyer has rented a billboard calling for President Barack Obama's impeachment.

The billboard on U.S. Highway 41, between the U.S. Highway 45 and Jackson Street interchanges, reads “Impeach Obama.” The tagline adds: “America's small businesses are failing; help us spread the message.”

It was paid for by an unnamed company represented by Tom Wroblewski. In a memo to the media Monday, Wroblewski said the company’s sentiment is that Washington politics are bad for small businesses. He says despite the billboard's language, he's not suggesting Obama committed an impeachable offense...

The billboard will remain up for at least six months, at a cost of $1,000 per month.

A majority of members of the House of Representatives is required to impeach a president. If such a majority is obtained, the Senate then carries out a tribunal based on the charges. A move to convict the president and remove him or her from office would require the support of more than two-thirds of the Senate.

http://www.alertnet.org