Wednesday, August 7, 2013

Shuttering Fannie and Freddie Beats Making Taxpayers Shutter

For years, banks have been spared the consequences of making bad decisions and bad loans because Fannie and Freddie have been the proverbial government pillow keeping them from feeling the pain of making risky loans.  When the loans go bad, instead of facing the music, they ask the government to take from the taxpayers and "bail them out."  Simply put, the pain of the bank's head-banging is passed on to the taxpayers.  Do banks learn the lesson?  Not if they don't feel the pain. Obama is championing a bipartisan effort to shutter Fannie and Freddie.  For years, politicians have known that they have enabled bad behavior and have been left holding the bag.  Now, at least a few politicians are trying to get us on the trajectory of moving toward privatization. [more...]

Tuesday, August 6, 2013

Why We Can Kiss the U.S. Economy Goodbye

In my latest book, The Ultimate Obama Survival Guide: How to Survive, Thrive, and Prosper During Obamageddon, I listed hundreds of statistics proving that the U.S. economy was headed for total collapse. But that was all written months ago. Unfortunately, the worst was yet to come.

The results are in. The picture is grim. Here are some frightening economic numbers to think about the next time the lying, manipulating, mainstream media tells you that we are in "recovery." [go here to read the facts...]

I've argued from day one that Obama's goal was to create a two class society. The two classes are the super-rich (who are beholden to Obama for corporate welfare, bailouts, and government contracts), and the poor (who are beholden to Obama for checks to survive). Look no further than the new immigration bill to see the final destruction of middle class wages.