Glenn Beck on FDR’s New Deal Agencies ane Obama’s new agencies

 Glenn Beck reviews FDR’s agencies created under the New Deal and then lists the agencies created under Obama. He preludes this by referring to how FDR and Obama both talked about how they were for the small business owner, when in fact, they actually only cared/care about big business and big government.

“He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our People, and eat out their substance.” – Declaration of Independence, 1776

Glenn Beck on FDR’s New Deal Agencies ane Obama’s new agencies

http://www.youtube.com/watch?v=l42aCY1BBeI

OBAMA REDISTRIBUTION VICTORY: PRIVATE PAY PLUMMETS, GOVT HANDOUTS SOAR

OBAMA REDISTRIBUTION VICTORY: PRIVATE PAY PLUMMETS, GOVT HANDOUTS SOAR

May 25th, 2010

By Dennis Cauchon,USA Today

  Obama’s economy is fulfilling his big government agenda

Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds.
At the same time, government-provided benefits — from Social Security, unemployment insurance, food stamps and other programs — rose to a record high during the first three months of 2010.

Those records reflect a long-term trend accelerated by the recession and the federal stimulus program to counteract the downturn. The result is a major shift in the source of personal income from private wages to government programs.

The trend is not sustainable, says University of Michigan economist Donald Grimes. Reason: The federal government depends on private wages to generate income taxes to pay for its ever-more-expensive programs. Government-generated income is taxed at lower rates or not at all, he says. “This is really important,” Grimes says.

The recession has erased 8 million private jobs. Even before the downturn, private wages were eroding because of the substitution of health and pension benefits for taxable salaries.

The Bureau of Economic Analysis reports that individuals received income from all sources — wages, investments, food stamps, etc. — at a $12.2 trillion annual rate in the first quarter.

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Government: Destroying Your Wealth a Trillion Dollars at a Time

Government: Destroying Your Wealth a Trillion Dollars at a Time

Posted By Thomas Del Beccaro On May 25, 2010 @ 5:39 am In Congress, Economics, Featured Story, Financial Services, Obama, Politics, Uncategorized | 20 Comments

Recent financial headlines provide a remarkable glimpse into America’s future if we stay on the same track we are now.  From Bloomberg news we learned:  “US Stocks fluctuate amid concerns European debt crisis hasn’t run course.”  Meanwhile, the IMF predicted that the “US national debt will soon reach 100% of GDP.”  Sadly, the World’s, the United States’ and California’s (16% of the US Economy and the 9th largest economy in the world) financial prospects are far worse than those headlines recognize.

The US economy is nearing $15 trillion in gross domestic product (GDP) per year.   The national debt it carries on the books is nearly that high and will certainly reach it, and far surpass it, within 2 years given the trillion dollar deficits that are predicted as far as the eye can see.  Of course, off the books, in accounting that would make Enron blush, the US government has $75 trillion or more in long term unfunded liabilities.  On a more short term basis consider this: the US Government revenues are running below $3 trillion dollars per year – yet its debt is over $13 trillion and growing.  In other words, the existing US debt is 4 to 5 times its current revenue.

Imagine if you will, if your credit card debt was 4 times your current income and the income you are likely to earn in each of the next 4 years.  There is not a bankruptcy attorney in the country that would not tell you that it is time to declare bankruptcy.  For its part, California is projected to have unfunded liabilities as high as $600 billion or 6 ½ times it current revenues.   Sadly for the US and California taxpayers, bankruptcy is simply not an option.

All of which brings us to the European debt crisis – which has anything but run its course.  Indeed, German Chancellor Merkel said this about the recent bailout of Greece: “We didn’t do more than buy time . . .” to get their collective government houses in order.  Meanwhile, USA Today, whose financial reporting is rather blunt at times, featured this headline: US “Investor fears ignite sell-off.”

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Gingrich: Obama’s Socialist Agenda Threatens US

Gingrich: Obama’s Socialist Agenda Threatens US

May 25th, 2010

By: Dan Weil, Newsmax

 Newt Goes after Obama’s harmful agenda

President Obama’s socialist agenda threatens our way of life, says former House Speaker Newt Gingrich.

“We have two mortal threats,” he told FT.com in a video interview. “First is radical Islam. The other is a secular socialist model of government dominating and defining life that would be fundamentally alien to historical American experience.”

In the last 10-15 years secular socialism has strengthened in universities, courts, the bureaucracy and the media, says Gingrich, author of the new book, “To Save America: Stopping Obama’s Secular Socialist Machine.”

Obama’s commitment to a combination of Chicago machine politics and radicalism presents grave danger, Gingrich says – “comparable” to Hitler and Stalin.

“Had the Nazis won, the American system would have died,” Gingrich said. “If the Soviet Union had won, the American system would have died.”

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