The Obama Fatcats.... mostly black government types... are enjoying huge pay and no downturn.. The next president is going to have to fire all these assholes!

Times Are Booming for Washington’s Governing Class: The Obama Fatcats.... mostly black government types and Wall Street Donors to Obama. When the hell was it that Politicians made more money that the Business class ??

LOOK AT THE DEPARTMENTS BEING LOADED UP...  YOU'LL GET THE PICTURE!

The US Government spends $10,460,188,800 (~$10 billion, 460 million) per day of which 40 Cents we borrow from the CHINESE !!

The US Government spends $10,460,188,800 ($10 billion, 460 million) per day 40 Cents of which we borrow from the CHINESE TO PAY OUR BILLS !!

THAT'S OVER $4 BILLION WE BORROW FROM THE CHINESE TO OUR BILLS PER DAY!! WTF???

Who is more Violent? Leftists or Constitutionalists? Its the Obama Crowd hands down. READ THE HISTORY AND BE CONVINCED!

HISTORY OF ENCOURAGING VIOLENCE IS THE HALLMARK OF THE LEFT!

Yet Brian Ross wanted to try and paint the guy as right so they could help Obama's Campaign with some brownie points!
( I can see BrianRoss Brown Nosing Obama.... "Massa... I did some dirt work on your behlaf... I should get some credit no ?? Don't only kisss Chris Mathews!!)

Well, we do have some proof now, and it's clear that the shooter was in no way connected to the Tea Party, the Republican Party, or any other movement on the political right. Law enforcement officials have revealed that suspect Jared Loughner was rejected by the Army and kicked out of college. He appeared to have mental health issues, and he was a reader of The Communist Manifesto.


But since Krugman and the other members of the leftist chattering classes have brought up the subject of politically inspired violence, maybe we ought to remind them of the left's protracted association with political violence.


We could begin over a century ago, when William McKinley was shot by Leon Czolgosz. Czolgosz was inspired by anarchist Emma Goldman (today a darling of the academic feminists). Goldman's lover, Alexander Berkman, attempted to assassinate Henry Clay Frick because Frick was a prominent capitalist.


But it wasn't until the 1960s (when Che Guevara, Fidel Castro, and Ho Chi Minh became idols of the American left) that the left really ramped up the violence. Who can forget Malcolm X and the Nation of Islam? Or Eldridge "rape is an insurrectionary act" Cleaver and his Black Panthers? What about the bombings perpetrated by the Weathermen? Former Weatherman bomber Bill Ayers is, of course, a close associate of President Barack Obama. Ayers managed to escape prosecution (and proclaimed himself "[g]uilty as hell, free as a bird"), but his wife Bernadine Dohrn served jail time for her part in the violence. Black radicals seized Cornell University at gunpoint in 1969, the same year the SDS and the Weathermen staged the "Days of Rage" riots. Race riots took place in Watts in 1965 and nationwide in 1968; leftists rioted at the Democratic Party Convention in Chicago in 1968. John Kennedy was murdered by a communist, and Robert Kennedy was shot by a Palestinian -- hardly men of the right.


The 1970s weren't much calmer. The Army Math Center at the University of Wisconsin-Madison was bombed by leftist radicals in 1970. Heiress Patty Hearst was kidnapped and took part in a series of armed bank robberies by the left-wing Symbionese Liberation Army. The SLA inspired Sarah Jane Moore to try to assassinate Gerald Ford -- less than three weeks after Lynette "Squeaky" Fromme, a disciple of Charles Manson, tried to kill Ford also. And what about the shooting of FBI agents at Wounded Knee by the American Indian Movement in 1975?


Since we're taking about violence against members of Congress, how can we possibly fail to mention the murder of Congressman Leo Ryan and the mass suicide of nine hundred people by the leftist/Marxist Jonestown cult in 1978?


Does anyone recall that President Clinton pardoned members of the Marxist-Leninist-inspired Puerto Rican terrorist group FALN? Clinton also pardoned left-wing radical Susan Rosenberg, who was imprisoned for her role in the murder of two police officers and a security guard in a robbery in 1981. She was offered a teaching job at Hamilton College, but public outcry forced her to decline the position.


More recently, we've seen anarchist and communist riots against the WTO in Seattle in 1999, and violent anti-Bush and antiwar protests. In 2007, leftist playwrights in New York created a stage performance about killing president Bush.


The politics of the contemporary left is absolutely intertwined with either tacit or overt support for violence. How dare the left-wing media attempt to pin the actions of a deranged individual in Tucson on the right! To do so is nothing less than a calumny, a slander, and a blatant hypocrisy

The Obama Lie.... taxing the folks making over $250,000 a year at Clintons rate will fix the economy! What Planet ..( Or Country) is he from ?

Deficit Facts 101 — Tax the "Millionaires" who make over $ 250,000.00 a year. In A Kenyan world... thats a Millionaire! PAYS FOR 8 DAYS ON OUR DEFICIT!!

HERE ARE FACTS:

Our Government spent over $10B per day ($3.82T total) in 2011 for 365 days.

About 207 days ($2.17 T) were paid for by tax income,

and 158 days ($1.65T) were paid for by deficit borrowing or printing money.

Don’t be conned by political rhetoric, media sound bites, and negative ads — know the facts!! http://ow.ly/8SPog and http://ow.ly/8SRTG

Obama and the left  want to hide the fact that they spend too much and SQUASH GROWTH with regulations that kill Business.... by lying to you!

1. Let’s take ALL income from every household making above $250K/yr.

   This would pay for ONLY 141  deficit days, and kills all the present and future entrepreneurs and destroy about 20 Million Jobs !!
   (The point I am trying to prove is that Paying 'Fair Share" is BULLSHIT! ... If all of these folks stop making money... where will the "Takers get their next round of money?? )

   
   

   
   "Let’s tax and/or take away the assets of the rich to cover the deficit they say. EVERYONE MUST PAY THEIR "FAIR SHARE" THEY SAY!!
   
    Lets call them out and start by thinking of the BIG AND BULLSHIT MOVES THEY WANT TO MAKE...
   
   Lets See.... which of the following would they choose?  Which one is the Bullshit pitch dejour??

2.      Let’s take ALL the income and assets from all U.S billionaires (~400).

This $1.29T would pay for ONLY 129 deficit days. WTF.... (The point I am trying to prove is that Paying 'Fair Share" is BULLSHIT! ... If all of these folks stop making money... where will the "Takers get their next round of money?? )

3.   THIS IS THE BIG ONE RIGHT NOW>>>
Let’s reinstate Bush Tax cuts (per Obama’s Bullshit Rhetorical demand) for individual and households making over $200-250K respectively. ( Those  "Millionaires and Billionaires".. ( In the eyes of the Kenyan!! )

This is about $80 Billion for a year..  would pay for 8 deficit days. LET ME SPELL THAT OUT FOR YOU....EIGHT DAYS.  WHAT THEN.... YOU STUPID LEFTY ASSHOLES ??
Understand this...... all you simple minded Lefty MORONS...that would pay for 8 deficit days of the JOB KILLING OVERSPENDING MORONIC ADMINSTRATION AND ITS SOCIALIST SUPPORTERS.

CHECKT THIS OUT GRAPHICALLY.....

US Budget in 1 Second: $121,067

For the year 2011: The US Government spends $121,067 per second (both portions) Of the total money shown above, the US Government borrows $52,162 each second-- the right portion of the money. The stack of money on the right is also the amount the debt ceiling is increased every second (on average). US Budget in 1 Minute: $7,264,020 For the year 2011: - The US Government spends $7,264,020 per minute (both portions) - Of the total money shown above, the US Government borrows $3,129,756 each minute-- shown on the right portion. US Budget in 1 Hour: $435,841,200

OBAMA BULLSHIT, LIES & HOGWASH. THE LEFT & THE BLIND BLACK SYCOPHANTS ACTUALLY BELIEVE ALL THIS HORSE SHIT !!

OBAMA BULLSHIT, LIES  & HOGWASH. THE LEFT& BLIND BLACK SYCOPHANTS ACTUALLY MIGHT BELIEVE ALL THIS HORSE SHIT !!  Here's what he said...

"And most of all, I would wake up every single day, every single day and spend every waking hour thinking about you. Fighting as hard as I knew how for you."

Last week, Barack Obama wanted a Jacksonville, Florida audience to know that he spends all of his time selflessly devoted to their best interests:

And most of all, I would wake up every single day, every single day and spend every waking hour thinking about you. Fighting as hard as I knew how for you.

Unfortunately, that statement came out the day after this story broke:

President Barack Obama is at odds with some of his handpicked outside advisers on hot-button election topics such as regulations and corporate taxes.
Many of the recommendations at issue stem from the president’s Council on Jobs and Competitiveness, a group of business and labor leaders with whom Mr. Obama hasn’t met in six months.

Jay Carney tried spinning it for the media:

“‘There’s no specific reason [for not meeting with his own Jobs Council], except the president has obviously got a lot on his plate, but he continues to solicit and receive advice from numerous folks outside the administration about the economy about ideas that he can act on with Congress or administratively to help the economy grow and help create jobs,’ Carney said in the White House’s first on-the-record response to a POLITICO story noting the hiatus.”

A lot on his plate?  According to National Journal’s Daybook, Carney’s right.  Obama has held 106 fundraisers in the six months since he last met with his jobs council, and not a small number of rounds of golf, either.  Looks like those supporters in Jacksonville need a waking up moment.


Got an Obamateurism of the Day? If you see a foul-up by Barack Obama, e-mail it to me at obamaisms@edmorrissey.com with the quote and the link to the Obamateurism. I’ll post the best Obamateurisms on a daily basis, depending on how many I receive. Include a link to your blog, and I’ll give some link love as well. And unlike Slate, I promise to end the feature when Barack Obama leaves office.
Illustrations by Chris Muir of Day by Day. Be sure to read the adventures of Sam, Zed, Damon, and Jan every day!

Obama is Killing our economy! Obama and The Left Lies about the economy past and present.....and who is to blame!

Obamanomics is the "Intentional destruction of the US ECONOMY" to convert our country to Socialism.

Don't be fooled otherwise! . He is the great DESTROYER!.. Bottom line we must destroy or he will destroy us... YOU CHOOSE!

THE OBAMA SUMMER PLAN...100,000 JOBS FOR FOREIGN STUDENTS while 1 in 6 young Americans have no job????

These Tactics cannot be the act of madness. That leads to only one simple conclusion it is premeditated and evil. Like a planned assasination!

Obama has 50% unemployement in Young Blacks, 23% Unemployemnet of young Hispanics... 20% Unemployement of American Teenagers who need summer jobs...

BUT... he approves ... 100,000 JOBS FOR FOREIGN STUDENTS while 1 in 6 young Americans have no job????

Only 80,000 jobs were created in June remember ??

OBAMA'S... "THIEVES R US" Backdoor RAPING of the USA. Air Force Buys $59/Gal Biofuel from Company Connected to Big Democratic Donor. So far $639,000 on 11,000 gallons of alcohol-to-jet fuel !

Air Force Buys $59/Gal Biofuel from Company Connected to Big Democratic Donor
Obama's Backdoor "Thieves R US" Program.
80 percent of the Department of Energy’s $20.5 billion loan program went to companies owned by or connected to Mr. Obama’s campaign donors. 

---

by Wynton Hall 23 Jul 2012

In an effort to make good on President Barack Obama’s commitment to “green energy,” and so he can line his pockets like a good old THIRD WORLD TIN POT DICTATOR....now the United States Air Force spent $639,000 on 11,000 gallons of alcohol-to-jet fuel from Gevo Inc., a Colorado biofuels company, at $59 a gallon.

The cost of petroleum is presently $3.60 a gallon.
Similarly, in preparation for last week's "Green Fleet Demonstration,” the U.S. Navy purchased $12 million in biofuels to prove that a carrier strike group could be run on biofuels for the day. It’s all part of the Obama Administration’s decision last year to direct the Navy, Agriculture department, and the Energy department to spend $510 million in taxpayer monies on alternative jet and marine fuels.
But what may appear on the surface to be a green energy initiative may instead by yet another example of cronyism between the green energy industry and Democratic lawmakers.
As it turns out, one of the venture capital funders behind Gevo Inc. is Vinod Khosla.  Since 1996, opensecrets.org reports that Mr. Khosla has made $474,534 in campaign donations, 86 percent of which went to Democrats.
There’s more.
As Reuters reports:

Khosla's firm owned a 27 percent stake in Gevo as of the company's March federal filing with the Securities and Exchange Commission.

Khosla also has close ties to another venture capital firm whose team includes Al Gore, the former vice president and Democratic presidential candidate in 2000.

Mr. Khosla is no stranger to failed biofuel projects involving taxpayer monies. He was the chief backer of Range Fuels, a biofuels company that received a government-guaranteed $64 million loan only to later go bust and leave taxpayers holding the bag.

In his book, Throw Them All Out, Government Accountability Institute President Peter Schweizer revealed that 80 percent of the Department of Energy’s $20.5 billion loan program went to companies owned by or connected to Mr. Obama’s campaign donors.

WAIT THERE'S MORE:

Thus, we learn from Wynton Hall at Big Peace that the United States Air Force spent $639,000 on 11,000 gallons of alcohol-to-jet fuel from Gevo Inc., a Colorado biofuels company, at $59 a gallon. The cost of petroleum is presently $3.60 a gallon, and one imagines that the government can use its purchasing power to get a considerably lower price than that.

So why pay $59 per gallon? It turns out that one of the venture capital funders behind Gevo Inc. is Vinod Khosla. Since 1996, opensecrets.org reports that Mr. Khosla has made $474,534 in campaign donations, 86 percent of which went to Democrats. As of this March, when Gevo filed with the SEC, Khosla’s firm owned a 27 percent stake in the company.

Similarly, the U.S. Navy has purchased millions in biofuels to demonstrate that a carrier strike group could be run on biofuels. The company that sold this fuel to the government reportedly is owned by the husband of Sen. Diane Feinstein.

Unfortunately, using clean energy policy to funnel money to big Democratic contributors is standard operating procedure under the Obama administration. In his book Throw Them All Out, Peter Schweizer revealed that 80 percent of the Department of Energy’s $20.5 billion loan program went to companies owned by or connected to Obama’s campaign donors.

Indeed, Khosla himself is no stranger to failed biofuel projects involving taxpayer monies. According to Big Peace, he was the chief backer of Range Fuels, a biofuels company that received a government-guaranteed $64 million loan only to later go bust and leave taxpayers holding the bag.
The sad truth about many forms of clean energy is that they don’t make economic sense. But if they make political sense, that’s more than good enough for Barack Obama.

100 Million Poor People In America..Obama is working on making more at hyperspeed... STOP HIM NOW !!

100 Million Poor People In America And 39 Other Facts About Poverty That Will Blow Your Mind

 From:  http://theeconomiccollapseblog.com/archives/100-million-poor-people-in-america-and-39-other-facts-about-poverty-that-will-blow-your-mind


Every single day more Americans fall into poverty.  This should deeply alarm you no matter what political party you belong to and no matter what your personal economic philosophy is.  Right now, approximately 100 million Americans are either "poor" or "near poor".  For a lot of people "poverty" can be a nebulous concept, so let's define it.  The poverty level as defined by the federal government in 2010 was $11,139 for an individual and $22,314 for a family of four.  Could you take care of a family of four on less than $2000 a month?  Millions upon millions of families are experiencing a tremendous amount of pain in this economy, and no matter what "solutions" we think are correct, the reality is that we all should have compassion on them.  Sadly, things are about to get even worse.  The next major economic downturn is rapidly approaching, and when it hits the statistics posted below are going to look even more horrendous.
When it comes to poverty, most Americans immediately want to get into debates about tax rates and wealth redistribution and things like that.
But the truth is that they are missing the main point.
The way we slice up the pie is not going to solve our problems, because the pie is constantly getting smaller.
Our economic infrastructure is being absolutely gutted, the U.S. dollar is slowly losing its status as the reserve currency of the world and we are steadily getting poorer as a nation.
Don't be fooled by the government statistics that show a very small amount of "economic growth".  Those figures do not account for inflation.
After accounting for inflation, our economic growth has actually been negative all the way back into the middle of the last decade.
According to numbers compiled by John Williams of shadowstats.com, our "real GDP" has continually been negative since 2005.
So that means we are getting poorer as a nation.
Meanwhile, we have been piling up astounding amounts of debt.
40 years ago the total amount of debt in the United States (government, business and consumer) was less than 2 trillion dollars.
Today it is nearly 55 trillion dollars.
So we have a massive problem.
Our economic pie is shrinking and millions of Americans have been falling out of the middle class.  Meanwhile, we have been piling up staggering amounts of debt in order to maintain our vastly inflated standard of living.  As our economic problems get even worse, those trends are going to accelerate even more.
So don't look down on the poor.  You might be joining them a lot sooner than you might think.
The following are 40 facts about poverty in America that will blow your mind....
#1 In the United States today, somewhere around 100 million Americans are considered to be either "poor" or "near poor".
#2 It is being projected that when the final numbers come out later this year that the U.S. poverty rate will be the highest that it has been in almost 50 years.
#3 Approximately 57 percent of all children in the United States are living in homes that are either considered to be either "low income" or impoverished.
#4 Today, one out of every four workers in the United States brings home wages that are at or below the poverty level.
#5 According to the Wall Street Journal, 49.1 percent of all Americans live in a home where at least one person receives financial benefits from the government.  Back in 1983, that number was below 30 percent.
#6 It is projected that about half of all American adults will spend at least some time living below the poverty line before they turn 65.
#7 Today, there are approximately 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.
#8 During 2010, 2.6 million more Americans fell into poverty.  That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959.
#9 According to the U.S. Census Bureau, the percentage of "very poor" rose in 300 out of the 360 largest metropolitan areas during 2010.
#10 Since Barack Obama became president, the number of Americans living in poverty has risen by 6 million and the number of Americans on food stamps has risen by 14 million.
#11 Right now, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps.
#12 It is projected that half of all American children will be on food stamps at least once before they turn 18 years of age.
#13 The poverty rate for children living in the United States is 22 percent, although when the new numbers are released in the fall that number is expected to go even higher.
#14 One university study estimates that child poverty costs the U.S. economy 500 billion dollars a year.
#15 Households that are led by a single mother have a 31.6% poverty rate.
#16 In 2010, 42 percent of all single mothers in the United States were on food stamps.
#17 According to the National Center for Children in Poverty, 36.4 percent of all children that live in Philadelphia are living in poverty, 40.1 percent of all children that live in Atlanta are living in poverty, 52.6 percent of all children that live in Cleveland are living in poverty and 53.6 percent of all children that live in Detroit are living in poverty.
#18 Since 2007, the number of children living in poverty in the state of California has increased by 30 percent.
#19 Child homelessness in the United States has risen by 33 percent since 2007.
#20 There are 314 counties in the United States where at least 30% of the children are facing food insecurity.
#21 More than 20 million U.S. children rely on school meal programs to keep from going hungry.
#22 A higher percentage of Americans is living in extreme poverty (6.7 percent) than has ever been measured before.
#23 If you can believe it, 37 percent of all U.S. households that are led by someone under the age of 35 have a net worth of zero or less than zero.
#24 A lot of younger Americans have found that they cannot make it on their own in this economy.  Today, approximately 25 million American adults are living with their parents.
#25 Today, one out of every six elderly Americans lives below the federal poverty line.
#26 Amazingly, the wealthiest 1 percent of all Americans own more wealth than the bottom 95 percent combined.
#27 The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.
#28 At this point, the poorest 50% of all Americans now control just 2.5% of all of the wealth in this country.
#29 Back in 1980, less than 30% of all jobs in the United States were low income jobs.  Today, more than 40% of all jobs in the United States are low income jobs.
#30 Right now, the United States actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.
#31 Half of all American workers earn $505 or less per week.
#32 In 1970, 65 percent of all Americans lived in "middle class neighborhoods".  By 2007, only 44 percent of all Americans lived in "middle class neighborhoods".
#33 Federal housing assistance outlays increased by a whopping 42 percent between 2006 and 2010.
#34 Approximately 50 million Americans do not have any health insurance at all right now.
#35 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, approximately one out of every 6 Americans is on Medicaid.
#36 It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
#37 Back in 1990, the federal government accounted for 32 percent of all health care spending in America.  Today, that figure is up to 45 percent and it is projected to surpass 50 percent very shortly.
#38 Overall, the amount of money that the federal government gives directly to the American people has risen by 32 percent since Barack Obama entered the White House.
#39 It was recently reported that 1.5 million American families live on less than two dollars a day (before counting government benefits).
#40 The unemployment rate in the U.S. has been above 8 percent for 40 months in a row, and 42 percent of all unemployed Americans have been out of work for at least half a year.
Recently, I wrote a long article about why there will never be enough jobs in the United States ever again.
That means that a whole lot of Americans are not going to be able to take care of themselves.
As our economy gets even worse, there is going to be a tremendous need for more love, compassion and generosity all over the country.
Don't be afraid to lend a helping hand, because someday you may need one yourself.

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The Economic Collapse: Are You Prepared For The Coming Economic Collapse And The Next Great Depression?

The Economic Collapse

Are You Prepared For The Coming Economic Collapse And The Next Great Depression?

Obama's Secret Fund. Funnel Personal Finances and Campaign Contributions through GREEN Companies.

The Green Graveyard of Taxpayer-Funded Failures: Obama's Secret Fund. Funnel Personal Finances and Campaign Contributions through GREEN Companies.

NOW THIS VENTURE MIGHT BE THE ONLY ONE THAT MAY SUCCEED. CREATED AND TESTED IN CUIBA AND VENEZUELA!

THE LIST OF FAILURES?? WHERE DOES THE MONEY GO ??? TO OBAMA !! THROUGH THE BACK DOOR: FIGURES !!

Obama supports Outsourcing Exec... and hobnobbed with the 1% kissing ass for that $25,000 a plate fund raising meal.

Hours after "in-sourcer-in-chief" speech, Obama fund raises at "ruthless" out-sourcer's penthouse at $25,000 a pop event

Immediately after bashing Mitt Romney for allegedly out-sourcing American jobs overseas at Bain and claiming he wants "to be a pioneer in in-sourcing," yesterday Obama's motorcade sped to the luxury penthouse of former Dell exec Tom Meredith, on record as priding himself in being "ruthless" in cutting American jobs in Texas and other states, while preserving them in Asia to cut costs for Dell.
See Buzzfeed for more. One would think the media might be interested in reporting Obama's brazen hypocrisy but I guess not. They're too busy clamouring for Mitt Romney's old tax returns.

After giving a speech in Austin, Texas in which he decried Mitt Romney for overseeing companies that outsourced jobs, President Obama attended a fundraiser hosted by Tom Meredith, a former Dell executive who once oversaw outsourcing at his own company — and said he would be "ruthless" about cutting costs.

In 2001, while serving as senior vice president of Dell Computer Corp, Meredith defended plans to lay off between 3,000 and 4,000 employees — largely in Texas — while sparing about 4,000 jobs in Asia Pacific. When that strategy was reported by the tech press at the time Meredith defended the move.
"We will be ruthless in how we address our cost structure," Meredith said, a comment that drew wide attention at the time.

http://www.typepad.com/services/trackback/6a00d83451c1db69e2017616905834970c

It Is Now Mathematically Impossible To Pay Off The U.S. National Debt. OBAMA HAS KILLED THE AMERICAN DREAM!

TERRIFYING BUT TRUE: It Is Now Mathematically Impossible To Pay Off The U.S. National Debt. OBAMA HAS KILLED THE AMERICAN DREAM!

TERRIFYING BUT TRUE: It Is Now Mathematically Impossible To Pay Off The U.S. National Debt. OBAMA HAS KILLED THE AMERICAN DREAM!

This is a long read and after I read it and the re re re read it... I am depressed..

A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are  demanding a solution. What they don't realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything.

And the U.S. government would still be massively in debt.

So why doesn't the U.S. government just fire up the printing presses and print a bunch of money to pay off the debt?

Well, for one very simple reason.

That is not the way our system works.

You see, for more dollars to enter the system, the U.S. government has to go into more debt.

The U.S. government does not issue U.S. currency - the Federal Reserve does.

The Federal Reserve is a private bank owned and operated for profit by a very powerful group of elite international bankers.

If you will pull a dollar bill out and take a look at it, you will notice that it says "Federal Reserve Note" at the top.

It belongs to the Federal Reserve.

The U.S. government cannot simply go out and create new money whenever it wants under our current system.

Instead, it must get it from the Federal Reserve.

So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes. 

The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds. The Federal Reserve either sells these U.S. Treasury bonds or they keep the bonds for themselves (which happens a lot these days).

So that is how the U.S. government gets more green pieces of paper called "U.S. dollars" to put into circulation. But by doing so, they get themselves into even more debt which they will owe even more interest on.

So every time the U.S. government does this, the national debt gets even bigger and the interest on that debt gets even bigger.

Are you starting to get the picture?

As you read this, the U.S. national debt is approximately 12 trillion dollars, although it is going up so rapidly that it is really hard to pin down an exact figure.

So how much money actually exists in the United States today?

Well, there are several ways to measure this.  READ A WHOLE LOT MORE... TAKE SOME TIME...
The "M0" money supply is the total of all physical bills and currency, plus the money on hand in bank vaults and all of the deposits those banks have at reserve banks.  As of mid-2009, the Federal Reserve said that this amount was about 908 billion dollars.
The "M1" money supply includes all of the currency in the "M0" money supply, along with all of the money held in checking accounts and other checkable accounts at banks, as well as all money contained in travelers' checks.  According to the Federal Reserve, this totaled approximately 1.7 trillion dollars in December 2009, but not all of this money actually "exists" as we will see in a moment.
The "M2" money supply includes everything in the "M1" money supply plus most other savings accounts, money market accounts, retail money market mutual funds, and small denomination time deposits (certificates of deposit of under $100,000).  According to the Federal Reserve, this totaled approximately 8.5 trillion dollars in December 2009, but once again, not all of this money actually "exists" as we will see in a moment.
The "M3" money supply includes everything in the "M2" money supply plus all other CDs (large time deposits and institutional money market mutual fund balances), deposits of eurodollars and repurchase agreements.  The Federal Reserve does not keep track of M3 anymore, but according to ShadowStats.com it is currently somewhere in the neighborhood of 14 trillion dollars.  But again, not all of this "money" actually "exists" either.
So why doesn't it exist?
It is because our financial system is based on something called fractional reserve banking.
When you go over to your local bank and deposit $100, they do not keep your $100 in the bank.  Instead, they keep only a small fraction of your money there at the bank and they lend out the rest to someone else.  Then, if that person deposits the money that was just borrowed at the same bank, that bank can loan out most of that money once again.  In this way, the amount of "money" quickly gets multiplied.  But in reality, only $100 actually exists.  The system works because we do not all run down to the bank and demand all of our money at the same time.
According to the New York Federal Reserve Bank, fractional reserve banking can be explained this way....
"If the reserve requirement is 10%, for example, a bank that receives a $100 deposit may lend out $90 of that deposit. If the borrower then writes a check to someone who deposits the $90, the bank receiving that deposit can lend out $81. As the process continues, the banking system can expand the initial deposit of $100 into a maximum of $1,000 of money ($100+$90+81+$72.90+...=$1,000)."
So much of the "money" out there today is basically made up out of thin air.
In fact, most banks have no reserve requirements at all on savings deposits, CDs and certain kinds of money market accounts.  Primarily, reserve requirements apply only to "transactions deposits" – essentially checking accounts.
The truth is that banks are freer today to dramatically "multiply" the amounts deposited with them than ever before.  But all of this "multiplied" money is only on paper - it doesn't actually exist.
The point is that the broadest measures of the money supply (M2 and M3) vastly overstate how much "real money" actually exists in the system.
So if the U.S. government went out today and demanded every single dollar from all banks, businesses and individuals in the United States it would not be able to collect 14 trillion dollars (M3) or even 8.5 trillion dollars (M2) because those amounts are based on fractional reserve banking.
So the bottom line is this....
#1) If all money owned by all American banks, businesses and individuals was gathered up today and sent to the U.S. government, there would not be enough to pay off the U.S. national debt.
#2) The only way to create more money is to go into even more debt which makes the problem even worse.
You see, this is what the whole Federal Reserve System was designed to do.  It was designed to slowly drain the massive wealth of the American people and transfer it to the elite international bankers.
It is a game that is designed so that the U.S. government cannot win.  As soon as they create more money by borrowing it, the U.S. government owes more than what was created because of interest.
If you owe more money than ever was created you can never pay it back.
That means perpetual debt for as long as the system exists.
It is a system designed to force the U.S. government into ever-increasing amounts of debt because there is no escape.
We could solve this problem by shutting down the Federal Reserve and restoring the power to issue U.S. currency to the U.S. Congress (which is what the U.S. Constitution calls for).  But the politicians in Washington D.C. are not about to do that.
So unless you are willing to fundamentally change the current system, you might as well quit complaining about the U.S. national debt because it is now mathematically impossible to pay it off.
***UPDATE***
It has been suggested that the same dollar can be used to pay off debt over and over - this is theoretically true as long as the dollar remains in the system.
For example, if the U.S. government gives China a dollar to pay off a debt, there is a good chance that the U.S. government will be able to acquire that dollar again and use it to pay off another debt.
However, this is not true when debt is retired with the Federal Reserve.  In that case, money is actually removed from the system.  In fact, because of the "money multiplier", when debt is retired with the Federal Reserve it can remove ten times that amount of money (and actually more, but let's not get too technical) from the system.
You see, fractional reserve banking works both ways.  When $100 is introduced into the system, it can theoretically create $1000 as the example in the article above demonstrates.  However, when that $100 is removed, it can have the opposite impact.
And considering the fact that the Federal Reserve "purchased" the vast majority of new U.S. government debt last year, we have got a real mess on our hands.
Even if a way could be figured out how to pay off all the debt we owe to foreign nations (such as China, Japan, etc.) it would still be mathematically impossible to pay off the debt that we owe to the Federal Reserve which is exploding so fast that it is hard to even keep track of.
Of course we could repudiate that debt and shut down the Federal Reserve, but very few in Washington D.C. have any interest in doing that.
It has also been suggested that instead of just using dollars to pay off the U.S. national debt, we could use the assets of the U.S. government to pay it off.
That is rather extreme, but let us consider that for a moment.
That total value of all physical assets in the United States, both publicly and privately owned, is somewhere in the neighborhood of 45 to 50 trillion dollars.  Of course the idea of the U.S. government "owning" every single asset of the American people is repugnant to our entire way of life, but let's assume that for a moment.
According to the 2008 Financial Report of the United States Government, which is an official United States government report, the total liabilities of the United States government, including future social security and medicare payments that the U.S. government is already committed to pay out, now exceed 65 TRILLION dollars.  This amount is more than the entire GDP of the whole world.
In fact, there are other authors who have written that the actual figure for the future liabilities of the U.S. government should be much higher, but let's be conservative and go with 65 trillion for now.
So, if the U.S. government took control of all physical assets in the United States and sold them off, it could not even make enough money to pay for everything that the U.S. government is already on the hook for.
Ouch.
If you have not read the 2008 Financial Report of the United States Government, you really should.  Actually the 2009 report should be available very soon if it isn't already.  If anyone knows if it is available, please let us know.
The truth is that the U.S. government is in much bigger financial trouble than we have been led to believe.
For example, according to the report (which remember is an official U.S. government report) the real U.S. budget deficit for 2008 was not 455 billion dollars.  It was actually 5.1 trillion dollars.
So why the difference?
The CBO's 455 billion figure is based on cash accounting, while the 5.1 trillion figure in the 2008 Financial Report of the United States Government is based on GAAP accounting. GAAP accounting is what is used by all the major firms on Wall Street and it is regarded as a much more accurate reflection of financial reality.
So needless to say, the United States is in a financial mess of unprecedented magnitude.
So what should we do?  Does anyone have any suggestions?
***UPDATE 2***
We have received a lot of great comments on this article.  Trying to understand the U.S. financial system (even after studying it for years) can be very difficult at times.  In fact, it can almost seem like playing 3 dimensional chess.
Several readers have correctly pointed out that when the U.S. money supply is expanded by the Federal Reserve, the interest that is to be paid on that new debt is not created.
So where does the money to pay that interest come from?  Well, eventually the money supply has to be expanded some more.  But that creates even more debt.
That brings us to the next point.
Several readers have insisted that the Federal Reserve is not privately owned and that since it returns "most" of the profits it makes to the U.S. government that we should not be concerned about the debt owed to it.
The truth is that what you have with the Federal Reserve is layers of ownership.  The following was originally posted on the Federal Reserve's website....
"The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations – possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year."
So Federal Reserve "stock" is owned by member banks.  So who owns the member banks?  Well, when you sift through additional layers of ownership, you will ultimately find that people like the Rothschilds, the Rockefellers and the Queen of England have very large ownership interests in the big banks.  But there are so many layers of ownership that they are able to disguise themselves well.
You see, these people are not stupid.  They did not become the richest people in the world by being morons.  It was the banking elite of the world who designed the Federal Reserve and it is the banking elite of the world who benefit the most from the Federal Reserve today.  In the article above when we described the Federal Reserve as "a private bank owned and operated for profit by a very powerful group of elite international bankers" we may have been oversimplifying things a bit, but it is the essence of what is going on.
In an excellent article that she did on the Federal Reserve, Ellen Brown described a number of the ways that the Federal Reserve makes money for those who own it....
The interest on bonds acquired with its newly-issued Federal Reserve Notes pays the Fed’s operating expenses plus a guaranteed 6% return to its banker shareholders. A mere 6% a year may not be considered a profit in the world of Wall Street high finance, but most businesses that manage to cover all their expenses and give their shareholders a guaranteed 6% return are considered "for profit" corporations.
In addition to this guaranteed 6%, the banks will now be getting interest from the taxpayers on their "reserves." The basic reserve requirement set by the Federal Reserve is 10%. The website of the Federal Reserve Bank of New York explains that as money is redeposited and relent throughout the banking system, this 10% held in "reserve" can be fanned into ten times that sum in loans; that is, $10,000 in reserves becomes $100,000 in loans. Federal Reserve Statistical Release H.8 puts the total "loans and leases in bank credit" as of September 24, 2008 at $7,049 billion. Ten percent of that is $700 billion. That means we the taxpayers will be paying interest to the banks on at least $700 billion annually – this so that the banks can retain the reserves to accumulate interest on ten times that sum in loans.
The banks earn these returns from the taxpayers for the privilege of having the banks’ interests protected by an all-powerful independent private central bank, even when those interests may be opposed to the taxpayers’ -- for example, when the banks use their special status as private money creators to fund speculative derivative schemes that threaten to collapse the U.S. economy. Among other special benefits, banks and other financial institutions (but not other corporations) can borrow at the low Fed funds rate of about 2%. They can then turn around and put this money into 30-year Treasury bonds at 4.5%, earning an immediate 2.5% from the taxpayers, just by virtue of their position as favored banks. A long list of banks (but not other corporations) is also now protected from the short selling that can crash the price of other stocks.
The reality is that there are a lot of ways that the Federal Reserve is a money-making tool.  Yes, they do return "some" of their profits to the U.S. government each year.  But the Federal Reserve is NOT a government agency and it DOES make profits.
So just how much money is made over there?  The truth is that we have to rely on what the Federal Reserve tells us, because they have never been subjected to a comprehensive audit by the U.S. government.
Ever.
Right now there is legislation going through Congress that would change that, and the Federal Reserve is fighting it tooth and nail.  They are warning that such an audit could cause a financial disaster.
What are they so afraid of?
Are they afraid that we might get to peek inside and see what they have been up to all these years?
If you are a history buff, then you probably know that debates about a "central bank" go all the way back to the Founding Fathers.
The European banking elite have always been determined to control our currency, and that is exactly what is happening today.
Ever since the Federal Reserve was created, there have been members of the U.S. Congress that have been trying to warn the American people about the insidious nature of this institution.
Just check out what the Honorable Louis McFadden, Chairman of the House Banking and Currency Committee had to say all the way back in the 1930s....
"Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders."

http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt

We are prisoners of our debt!

We Can Learn About Shortages And Preparation From The Economic Collapse ...and it is coming!

10 Things That We Can Learn About Shortages And Preparation From The Economic Collapse In Greece

10 Things That We Can Learn About Shortages And Preparation From The Economic Collapse In GreeceIT WILL START IN CALIFORNIA...PLEASE BE PREPARED. ROMNEY WILL NOT BE ABLE TO STOP THE INITIAL DISASTER!!When the economy of a nation collapses, almost everything changes.  Unfortunately, most people have never been through anything like that, so it can be difficult to know how to prepare.  For those that are busy preparing for the coming global financial collapse, there is a lot to be learned from the economic depression that is happening right now in Greece.  Essentially, what Greece is experiencing is a low level economic collapse.  Unemployment is absolutely rampant and poverty is rapidly spreading, but the good news for Greece is that the global financial system is still operating somewhat normally and they are getting some financial assistance from the outside.  Things in Greece could be a whole lot worse, and they will probably get a whole lot worse before it is all said and done.  But already things have gotten bad enough in Greece that it gives us an idea of what a full-blown economic collapse in the 21st century may look like.  There are reports of food and medicine shortages in Greece, crime and suicides are on the rise and people have been rapidly pulling their money out of the banks.  Hopefully this article will give you some ideas!that you can use as you prepare for the economic chaos that will soon be unfolding all over the globe.

The following are 10 things that we can learn about shortages and preparation from the economic collapse in Greece....
#1 Food Shortages Can Actually Happen

Most people assume that they will always be able to run out to their local supermarket or to Wal-Mart and get all of the supplies they need.

Unfortunately, that is a false assumption.  The truth is that our food distribution system is extremely vulnerable.

In Greece, many people are starting to totally run out of food.  Even some government institutions (such as prisons) are now reporting food shortages.  The following was originally from a Greek news source....

The financing for many prisons has decreased to a minimum for some months now, resulting in hundreds of detainees being malnourished and surviving on the charity of local communities.

The latest example is the prison in Corinth where after the supply stoppage from the nearby military camp, the prisoners are at the mercy of God because, as reported by prison staff, not even one grain of rice has been left in their warehouses. When a few days earlier the commander of the camp announced to the prison management the transportation stoppage, citing lack of food supplies even for the soldiers, he shut down the last source of supply for 84 prisoners. The response of some Corinth citizens was immediate as they took it upon themselves to support the prisoners, since all protests to the Justice ministry were fruitless.

#2 Medicine Is One Of The First Things That Becomes Scarce During An Economic Collapse
If you are dependent on medicine in order to survive, you might want to figure out how you are going to get by if your supply of medicine is totally cut off someday.
In Greece, medicine shortages have become a massive problem.  The following is from a recent Bloomberg article....

Mina Mavrou, who runs a pharmacy in a middle-class Athens suburb, spends hours each day pleading with drugmakers, wholesalers and colleagues to hunt down medicines for clients. Life-saving drugs such as Sanofi (SAN)’s blood-thinner Clexane and GlaxoSmithKline Plc (GSK)’s asthma inhaler Flixotide often appear as lines of crimson data on pharmacists’ computer screens, meaning the products aren’t in stock or that pharmacists can’t order as many units as they need.
“When we see red, we want to cry,” Mavrou said. “The situation is worsening day by day.”
The 12,000 pharmacies that dot almost every street corner in Greek cities are the damaged capillaries of a complex system for getting treatment to patients. The Panhellenic Association of Pharmacists reports shortages of almost half the country’s 500 most-used medicines. Even when drugs are available, pharmacists often must foot the bill up front, or patients simply do without.

#3 When An Economy Collapses, So Might The Power Grid
Try this some time - turn off all power to your home for 24 hours and try to live normally.
Sadly, most people simply do not understand just how dependent we are on the power grid.  Without power, all of our lives would change dramatically.
In Greece, authorities are warning of an impending "collapse" of the power grid.  If it goes down for an extended period of time in Greece, the consequences would be catastrophic....

Greece’s power regulator RAE told Reuters on Friday it was calling an emergency meeting next week to avert a collapse of the debt-stricken country’s electricity and natural gas system.
“RAE is taking crisis initiatives throughout next week to avert the collapse of the natural gas and electricity system,” the regulator’s chief Nikos Vasilakos told Reuters.
RAE took the decision after receiving a letter from Greece’s natural gas company DEPA, which threatened to cut supplies to electricity producers if they failed to settle their arrears with the company.

#4 During An Economic Collapse You Cannot Even Take Water For Granted
If the power grid goes down, you will soon no longer have clean water coming out of your faucets.  That is one of the reasons why it is absolutely imperative that the power grid stay operable in Greece.
Sadly, most people don't understand just how vulnerable our water system is.  In a previous article, I quoted from a report that discussed how rapidly our water supply would be in jeopardy in the event of a major transportation disruption....

According to the American Water Works Association, Americans drink more than one billion glasses of tap water per day. For safety and security reasons, most water supply plants maintain a larger inventory of supplies than the typical business. However, the amount of chemical storage varies significantly and is site specific. According to the Chlorine Institute, most water treatment facilities receive chlorine in cylinders (150 pounds and one ton cylinders) that are delivered by motor carriers. On average, trucks deliver purification chemicals to water supply plants every seven to 14 days. Without these chemicals, water cannot be purified and made safe for drinking. Without truck deliveries of purification chemicals, water supply plants will run out of drinkable water in 14 to 28 days. Once the water supply is drained, water will be deemed safe for drinking only when boiled. Lack of clean drinking water will lead to increased gastrointestinal and other illnesses, further taxing an already weakened healthcare system.

What will you do when clean water stops coming out of your faucets?
You might want to start thinking about that.
#5 During An Economic Crisis Your Credit Cards And Debit Cards May Stop Working
Most people have become very accustomed to using either debit cards or credit cards for almost everything.
But what would happen if the financial system locked up for a period of time and you were not able to use them?
This is something that the citizens of Greece are potentially facing in the coming months, and this is something that all of us need to start thinking about.
#6 Crime, Rioting And Looting Become Commonplace During An Economic Collapse
Big corporations are already making extensive plans for how to protect their stores in the event that Greece switches from the euro to the drachma.
The following is from a recent Reuters article....

British electrical retailer Dixons has spent the last few weeks stockpiling security shutters to protect its nearly 100 stores across Greece in case of riot.
The planning, says Dixons chief Sebastian James, may look alarmist but it's good to be prepared.
Company bosses around Europe agree. As the financial crisis in Greece worsens, companies are getting ready for everything from social unrest to a complete meltdown of the financial system.

#7 During A Financial Meltdown Many Average Citizens Will Start Bartering
During this economic depression, alternative currencies have already been popping up in Greece.
When things fall apart on a global scale, will you have things to barter for the things that you need?
#8 Suicides Spike During An Economic Collapse
When you think of the Great Depression of the 1930s, what do you think of?
Many people think of images of people jumping out of buildings.
Well, something similar has been happening in Greece.  Suicide statistics in Greece have been absolutely soaring during the last couple of years.
Once prosperity disappears, many people feel as though life is not worth living anymore.
#9 Your Currency May Rapidly Lose Value During An Economic Crisis
Just remember what happened in Germany during the Weimar Republic and what has happened recently in places like Zimbabwe.
The truth is that it can happen anywhere.
Right now, Greeks are pulling their money out of the banks because they are worried that their euros will be turned into drachmas which would rapidly lose value.
If I was living in Greece I would definitely be concerned about that.  The return of the drachma seems to get closer with each passing day.  Just check out these screenshots.
#10 When Things Hit The Fan The Government Will Not Save You
Has the government of Greece come to the rescue of all of those that are deeply suffering right now?
Of course not.  The truth is that the Greek government can barely take care of itself at the moment.
History has shown us that governments simply cannot be counted on when things hit the fan.
Just remember what happened during the aftermath of Hurricane Katrina.
In the end, the only one that can be counted on to take care of you and your family is you.
So you better start preparing.
Unfortunately, as I wrote about the other day, time is rapidly running out for the global financial system.
Even some of the top economic officials in the world are warning that another major crisis could be on the way.
Just check out what World Bank President Robert Zoellick said the other day....

"Events in Greece could trigger financial fright in Spain, Italy and across the eurozone. The summer of 2012 offers an eerie echo of 2008."

He also compared a potential exit of Greece from the eurozone to the collapse of Lehman Brothers back during the last financial crisis....

"If Greece leaves the eurozone, the contagion is impossible to predict, just as Lehman had unexpected consequences."

So what are some things that the average person can do to get prepared?
Well, a recent article on SHTFplan.com entitled "The List: A to Z Survival for the Abysmal Times Ahead" contains hundreds of ideas for preparing for the chaotic economic environment that we are heading into.
Preparation is going to look different for every family.  No two situations are exactly the same.
But there are some practical steps that nearly all of us can take to better position ourselves for what is coming.  Now is the time to get educated and now is the time to take action.
Or you could be like all of those that laughed at Noah while he was building that big boat.
In the end, things did not work out too well for those folks.PREPARE FOR THE WORST EXPECT THE BEST...GOD BLESS AMERICA!!

Riots IN GREECE, same picture in METRO AREAS OF THE USA !!

Obama OUTSOURCING...... A Record Of Failure Spanning The Globe ..Hey Obama... "The Fu*k"...(I mean) The Buck stops with you...( Hell!...WTF... I mean BOTH Asshole!)

A Record Of Failure Spanning The Globe

Over his four years in office, Obama promised that he would focus on creating "jobs that pay well and can't be outsourced." However, as he racked up trillions in new debt, billions of dollars did go to create jobs that were outsourced or spent overseas. Whether it is electric cars made in Finland or solar panels in Mexico,

taxpayers would be astonished to learn that their hard earned money went abroad for jobs that weren't created in the United States.

"And I will invest $15 billion a year in renewable sources of energy to create five million new energy jobs over the next decade - jobs that pay well and can't be outsourced; jobs building solar panels and wind turbines and a new electricity grid; jobs that will help us eliminate the oil we import from the Middle East in ten years and help save the planet in the bargain. That's how America can lead again."

President Barack Obama, October 30, 2008

 

 

 

Tracing Obama's Overseas Investments

 

CLICK HERE TO SEE DYNAMIC DISPLAY: http://www.obamanomicsoutsourced.com/

Electric Cars

Obama handed over billions of dollars in loan guarantees and stimulus awards pursuant to his goal of putting one-million electric vehicles on the road by 2015. Much of that money ended up leaving our shores. A $2.4 billion stimulus program to support battery production sent nearly half of its money to foreign firms, including two South Korean companies that used their awards to hire foreign nationals in Michigan to do work that Americans easily could have done. In the end, despite all the money Obama handed out, electric vehicle sales have lagged and The Washington Post deemed his goal of one million electric cars "overly optimistic."

Wind Farms

Obama's stimulus included over $8.5 billion in grants for wind farms that flowed overseas, despite Congressional criticism from both sides of the aisle. In total, over half of the money went to either foreign developers or foreign wind turbine manufacturers, creating thousands of jobs overseas with money that was supposed to create jobs within the United States. Even worse, hundreds of millions of dollars went to wind farms that began construction before the stimulus was passed. The end result of all this spending: the wind energy industry lost 10,000 jobs last year.

Manufacturing TaxCredits

As Obama was doling out over $2.3 billion in clean energy manufacturing tax credits that were supposed to create jobs in America, $880 million went to foreign firms. Worse still, some of those same recipients are now closing up shop and shipping jobs overseas.

Loan Guarantees

Remember Solyndra? The problems with Obama's loan guarantee program don't end there. The largest recipient of Obama's program to jumpstart green energy projects was the Spanish Company Abengoa, which took in $2.7 billion in loan guarantees for three of its projects. Other projects importing foreign-made solar panels are, much in the same way as Fisker Automotive, choosing to make their products overseas.

Switzerland

Cronyism

Swiss-Based Landis+Gyr Received Over $50 Million In Stimulus Contracts For Their Smart Grid Meters. Cathy Zoi, A Former Obama Energy Department Official, Held Over $250,000 Worth Of Stock In The Company As They Profited From Her Department's Policies. Zoi Had Previously Served As An Executive Director At Landis+Gyr Before Joining The Obama Administration.