Obama’s Doo-Doo Economics

By Rick Saunders
America’s Right

The time has come to tell it like it is.

That which the Axis Powers in World War II, the Soviet Union in the Cold War, Islamist jihadists since the 1983 bombing of the Marine barracks in Beirut and al-Qaeda terrorists since September 11, 2001 have been so far unable to accomplish–the destruction of the United States of America–is now well under way in the fewer than 100 days that have passed since January 20, 2009.

On that day, with the inauguration of President Barack Obama to the highest office in the land, 69,456,897 Americans who voted to install this specimen became accessories to the triggering of events that have now led to the real potential for the outright bankruptcy and failure of the nation as we have known it, ushering in a country which will be unrecognizable as the United States of America. In its place, the Balkanized Tribes of Obamaland will emerge under a regime with characteristics that would do Mao Zedong and Joseph Stalin proud.

Harsh words? Read on.

Make no mistake — the economic policies and radical, collectivist agendas being rammed down America’s throat by Obama and his cadre of apparatchiks–all dedicated to the destruction of capitalism here as well as where it still survives worldwide–are taking a horrific toll upon all within the expanding fireball. Even others are beginning to take note.

Forget, for the moment, the stunning incompetence of his appointees, his embarrassing personal gaffes and serial social faux pas tendencies, his narcissistic/messianic complex and the hilarious fact that “TOTUS,” his beloved teleprompter, doesn’t get better billing and credit despite upstaging him. Focus instead on what the Congressional Budget Office–the agency charged with providing to Congress objective, nonpartisan, and timely analysis to aid in economic and budgetary decisions on the wide array of programs covered by the federal budget–now predicts will happen if his budget proposals are adopted.

Under President Obama’s recipe for disaster (concocted presumably with the assistance of Secretary of the Treasury Timothy “Turbo Tax” Geithner), deficits will rise over the next ten years to a truly cosmic 9.3 trillion dollars. That’s $9,300,000,000,000.00, or approximately $4.9 trillion more than the projected deficits if there were no changes in current laws and policies, that which the CBO refers to as its “baseline assumption.” That’s a “missed it by that much” of over 50 percent. And all of this doesn’t even touch on that other bogeyman no one yet dares to discuss — inflation, which is the deficit’s kissing cousin living just down the road.

Obama’s budget director, Peter Orszag, conceded in a news briefing last Friday that annual deficits of 4 to 5 percent of gross domestic product (GDP), as estimated in the CBO report, are “ultimately not sustainable.” The phrase “ultimately not sustainable,” apart from being woefully understated, is administration Orwellian doublespeak for “we will all be in deep doo-doo if we adopt this approach.” But adopt it they seem intent upon doing.

George H.W. Bush derided Ronald Reagan’s budgetary policies as “voodoo economics,” yet the country prospered. On the other hand, Obama’s Doo-Doo Economics will ensure that the country will not only fail to prosper, it will eventually morph into a Western Hemisphere Zimbabwe where, last month, you could pick up a pair of men’s slacks for a mere 2,765,000,000.00 Zim dollars . . . and the price is higher today. Now THAT, Virginia, is inflation.

(Don’t let Rick’s tone here fool you. The Cato Institute report he cites is absolutely mind-blowing. A quote: “As of 14 November 2008, Zimbabwe’s annual inflation rate was 89.7 Sextillion percent.” Now, I’m no mathematician, but a “sextillion,” with regard to inflation at least, is likely not as fun as it sounds. — Jeff)

Under the Obama/Geithner cyanide capsule, were it to be enacted into law, the CBO report estimates that the annual deficit for 2009 would run at 13 percent of GDP; for 2010 it would drop to “only” 10 percent of GDP; and for 2011 through 2019–assuming that nothing more “bad” happens to us and that all the capitalists and their capital stay put (wink, wink) in the worker’s paradise germinating on Obama’s drawing board–the annual deficits would level off at between four and six percent of GDP.

Between four and six percent of GDP . . . eventually leveling off? That’s the very same percentage billed as “not sustainable” by Messiah Central’s budget emissary, St. Peter of Orszag. Look for an administration Orwellian Memory Hole intervention in the near future. Like Jim Cramer, Orszag apparently did not get The Memo.

Typifying the feckless responses of the Obama administration to virtually every other problem that has cropped up since January 20, Orszag sought to find a pony in the pile, claiming that administration officials “remain confident” in what he called “the four key principles” of The Chosen One’s budget outline: health care reform, improvements in education, energy efficiency, and reducing the annual deficit in half by the end of the president’s first term. Right. In the middle of the worst recession the country has seen since 1929, let’s make matters exponentially worse by trying to borrow our way out of debt and by printing of a bunch of new Federal Reserve notes.

Long story short — no matter how you look at it or try to put a favorable spin on it, the CBO report confirms that the Obama/Geithner kamikaze mission will ultimately not only destroy the nation’s economy–as has Zimbabwe’s President Robert Mugabe succeeded in doing to the former Rhodesia–but it will do so without the promise of 72 virgins at the end of the attack.

So why, pray tell, are we continuing to listen to this gang of pied pipers and economic ingénues? If the Supreme Court won’t intervene here, then the only remaining check on this “exercise” of power–other, more earthy and graphic terms also come to mind–is a Congress that needs to open its collective eyes, on both sides of the aisle, and acknowledge that the time has indeed arrived to come to the aid of the country. Today, more than ever, we need far more statesmen, and far fewer politicians. And time is running out.

—————
Rick Saunders is a freelance writer who splits his time between endeavors in southern California and the American southwest. He began writing for America’s Right in December 2008.

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Comments

  1. Anonymous says:

    It was mostly predictable from Husseins background and talk, but we surely did not get the message to the voters.

    One basic problem. 50 percent of the people are below average anyhow.

  2. Anonymous says:

    I highly recommend you check out what is about to happen:

    http://www.wethepeoplefoundation.org/

    “We are interested in a return to popular sovereignty, constitutionally limited government, enumerated and separate powers, individual and unalienable Rights, self-reliance and personal responsibility, and respect for life and personal property.”

    Robert Schulz, Sr., Chairman,
    We The People Foundation for Constitutional Education, Inc.

    CONTINENTAL CONGRESS 2009

    Later this year delegates representing the People of the fifty states will convene as a national assembly to publicly debate our Government’s abuses of the Constitution and to consider practical strategies which can bring about compliance with our Freedom documents, not only in our government at all levels, but in our individual lives.

    The Continental Congress 2009 will be an undertaking of historical importance as we follow the example of our Founding Fathers, to gather together and discuss the state of our Nation to restore the Light of Liberty.

    Pixel Patriot

  3. PEME says:

    Is it time for 3 or 4 million people to show up at the Capitol with pitchforks and torches yet?

  4. Sharon2 says:

    Too many people remain in the dark and for the media to call proper attention to this would mean to acknowledge egg on faces.

  5. Rix says:

    That’s the price Americans pay for not clinging to their guns and Bibles hard enough.

  6. Gail B says:

    Rick, you stated it perfectly. Now, if every voter(s)–depending upon how many times ACORN managed to have a person to vote–could read your piece today, if all those Obots would UNDERSTAND what the blazes this Oval-Illegal-Alien-Office Thug and his Gang are doing to Lady Liberty’s Land, we might be able to scare some liberals back into line and undo some of this.

    Do I have your permission to copy and paste your article (with your credit) to every Obot I know?

    The thing that blows my mind is that I went to school with some people who are really smart, who probably made better grades than I did, who have lived really outstanding lives, but who are in absolute denial that Obama could do anything wrong. In spite of being college educated, they believe what he SAYS, not what he DOES. I’m afraid that Obama is about to give them a REAL EDUCATION!

    Do you ever feel like you’re swimming upstream in a river of s***? It is criminal, what is going on with those liberal gang members in DC. It’s unbelievable!

    Thanks for an outstanding article, Rick, and thank you for writing for America’s Right.

    Jeff, we deeply appreciate your other writers, too, and everything you do. It is comforting to know that somebody with a voice and a place to speak will stand up for us. I think the 2010 election is going to be really interesting.

    When folks realize that our boat “America” leaks because the captain is cutting holes in the hull, maybe they will grab a conservative ring buoy and jump ship before it is too late!

  7. CHALK IT UP TO IGNORANCE says:

    Is that a flowchart of communism he is working on?

  8. dave says:

    I believe Leo Donofrio has asserted that Congress has passed that on to the attorney General of the District of Columbia through a “Quo Warranto” .

    Donofrio has written up a three part legal brief on his blog http://naturalborncitizen.wordpress.com/

  9. Momathome says:

    Rix -

    Your statement is BRILLIANT! May I steal it as my new tagline?

  10. Jan says:

    Rick
    Thanks for another comprehensive piece. You state it exactly like it is. I like that! If if looks like a duck, walks like a duck it is probably safe to call it a duck. I am so tired of all the rhetoric and puny excuses this administration offers up to detract from the problems facing this nation and all people living in it.

  11. Anonymous says:

    Rick: This is DEFINITELY intentional! And it is so much more than a fast ride to communism, like I first thought. But what I am learning is that O is a puppet for a very powerful, malevolent oligarchy of international bankers who are calling the shots and would benefit even MORE if we would end up in a global currency and government. Both Bushs are new world order supporters, too. This is not a party problem…this is a huge, dangerous global problem!

    I also happen to be a Christian who has somewhat studied Biblical prophecy, and so many things are lining up with what has been prophesied. I’m not saying that I know when or how all of this will happen, but is so creepily in line with Revelation.

    Call me a kook, but connecting the factual dots reveals a very sordid picture!

    Sometimes I wish I were not paying such close attention….you know the old saying, “Ignorance is bliss!)

    Lisa in TX

  12. Cat says:

    and our congress of idiots is going to do something about this? Not gonna happen. The inmates are running the asylum…..liberalism is a MENTAL DISORDER.

  13. Anonymous says:

    Lisa, I’m currently reading (in addition to “New Deal or Raw Deal”) Joel Rosenberg’s “Inside the Revolution”. I think that you would find it interesting and informative.

    I think that all that is going on in the U.S. is just setting the stage for what is going to happen in the mideast between the Islamists and Israel.

    I believe that the Obama administration will render the U.S. unwilling and/or unable, either intentionally or out of historical and economic ignorance, to come to Israel’s aid when they are attacked, as they surely will be.

    This is the “hand” to watch, not the obvious “hand” that Obama is waving in the national media. Ironically, the Jews typically vote for the Democrats and their platform, but I predict that they will find that it is Obama that will betray them and side with the Muslim “world order”.

    Old Bob

  14. Anonymous says:

    ‘That’s $9,300,000,000,000.00, or approximately $4.9 trillion more than the projected deficits if there were no changes in current laws and policies, that which the CBO refers to as its “baseline assumption.” That’s a “missed it by that much” of over 50 percent.’

    According to my math, when you double something you increase it by 100%, not 50%. In any case, this will wreak us.

  15. goddessdivine says:

    This is the kind of stuff that scares me spitless. I think I’m going to build a bunker and hibernate for 4 years….

  16. Surn says:

    I passed out Doo Doo Economics T-shirts at the San Diego Tax revolt. You can get yours at http://www.doodooecon.com and if you can not afford one, email me and I will see if I can send you one!

  17. BLACKBORED says:

    So reassuring seeing our Professor of the US Constitution at the blackboard. What an empty suit. That’s why he won’t wear it in the Oval Office. (he’d rather crank the thermostat up to 80)

  18. Anonymous says:

    Old Bob:

    Good to hear from you! Yes, I have wanted to read Joel’s book for some time! You are absolutely right about Israel…the Bible prophesies about Israel being attacked. The only way that can happen is if the US is rendered impotent! It is so hard to stay focused and vigilent on the MYRIAD of things going on! But then again, this distraction technique is right out of O’s favorite playbook, Rules for Radicals! You said it well, my friend! But I still hold firm that this is intentional…the US must be destroyed before the NWO can rebuild it into a subservient member.

    I mean, China et al are beginning to talk openly about wanting a new global currency instead of the dollar, conveniently brought up before the G20. It will be interesting to see how the US responds. I shudder…..

    Lisa in TX

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