Category — President Obama

Get ready for the latest attack on the U.S. dollar, courtesy of our Congress and the Administration.

On March 23rd, President Obama signed into law a sweeping rewrite of U.S. health-care policy.

Initially, at first glance, it seems good.

It supposedly gives an additional 32 million Americans access to basic health insurance by 2019.

One thing is certain. It’s the biggest change to the American health system since Medicare was enacted in 1965.

However, it seems there are a few unintended consequences coming from this groundbreaking bill.

First of all, this healthcare revolution will cost $938 billion. That’s almost $1 trillion on top of the $12.67 trillion the U.S. already owes.

Now, if you ask the average person where that’s going to come from, they don’t know and probably don’t care.

Keep in mind that the government’s income comes from the taxes that we all pay. So if they’ve got greater expenses, guess what that means?

Greater taxation…and not just for the wealthy either (even though that’s the way Obama pitched his plan to middle-income America who couldn’t care less if a few wealthy fat-cats pick up the bills). Most of these health care changes won’t even start to take effect until 2014. So we’ve got a while before they start taxing us, right?!? Wrong!

One New Tax Went into Effect
As Soon As Obama Signed the Bill!

Many increased costs will kick in next year. But some taxes have already started as a result of this! Since March 23rd, any American who uses a public tanning bed has had to fork over 10% tax for the privilege.

Obamacare Will Create 17,000 Jobs…
(at the IRS)

However, there will be one bright spot. Yes, one segment of our economy will be robust. Which is it? It’s the Internal Revenue Service. They are hiring 17,000 new agents.

The IRS is going to need that many more bodies to help them rake in all of the additional tax money that Obama needs to pay for this.

There’s more. Companies with 50 or more employees will have to pay a fine if their workers receive government-subsidized coverage.

Next on the “Obamacare loser list” is the wealthy.

Maybe you’re on that list. Maybe you’re not. But regardless, this new “tax the rich” policy still affects you. Here’s why.

As you may have noticed, poor people don’t hire employees! No, it’s “wealthy” entrepreneurs who need more workers. If you tax these rich business owners harder, they won’t have the cash they need to continue hiring.

Obama is not wasting any time.

Is it true that only wealthy Americans use tanning beds? Plenty of average people use tanning beds, especially in the dead of winter. That’s just one example of how we’re all picking up the tab for this new health care bill.

But once these changes start, you can bet that employers will initiate more layoffs, and will be inclined to hire fewer people. Why?

Companies with more than 200 workers will be required to automatically enroll all their employees in whatever insurance plan they offer. When those corporations have to maintain these higher costs, they’ll make cuts in payroll in order to preserve their profit margins.

The “rich” make about $200,000 – $250,000 a year, and they’re about to pay 0.9% more for Medicare Payroll Taxes.

By the way, calling someone who makes $200,000 a year “rich” is fair only if you live in a place with a low cost of living. Tell a Californian he’s “rich” because he makes $200,000, and he’ll laugh at you!

Also, these “rich people” will have an additional tax of 3.8% on investment income like dividends and capital gains beginning in 2013.

Have I mentioneed all of the “losers?” No! I won’t go into great detail on the rest, but here are a few other groups that will get hammered:

Believe it or not, within the health care reform, banks will lose the government backing/guarantees on education loans. So schools will have to go directly to the Department of Education for funding.

“The Insured” will also lose out. Experts say we could see “double digit” increases in some places like California (and that’s just for people who make above $88,000 a year).

We’ll All Be Paying for an Expensive
Program

When you put all the pieces of this together, you’re going to see higher taxes coming (and not just on the rich), higher unemployment and lower new employed rates, increased health care costs, etc.

All of this will be yet one more weight and hurdle placed upon corporate America, and many, if not all, of its citizens.

If you think companies are struggling now, wait until all of this comes to a head in a few years. You haven’t seen anything yet!

In the Long Run, “Obamacare”
Spells Trouble for the U.S. Dollar!

This will all take a huge toll on the U.S. economy. It will likely make our economy even more sluggish.

Consider: if consumers and corporations are taxed more and have higher costs, then they are not going to spend as much. When spending is restrained, the economy struggles.

So this long-term “ankle weight” that’s being placed upon the U.S. economy will end up eventually taking a long-term toll on the dollar as well.

It probably won’t affect the dollar immediately.

In fact, in the short run, if stocks, bonds, or commodities were to fall, it would actually help the dollar for now. But over longer periods of time, there’s no way that the dollar can prosper when the entire nation is hurting from the extra yoke placed on both consumers and businesses.

So take this as yet one more warning to get yourself out of the dollar! Use rallies in the dollar to get some long-term positions in foreign currencies and “hard currencies” like gold and silver.

Hey Joe! I hate to lose. It seems to me that winning is everything – do you agree?

Man do you have a bad case of “have-to-win-at-all-costs.”  Every business has losses.  Even doctors, but they get to bury their mistakes.  Retail stores lose to shop-lifting and even worse employee waste and pilferage.  Of course, having a goal of winning is a virtue.  It is that of setting a clearly defined goal, and working to achieve it. But an over-emphasis on winning at all costs can be detrimental, especially when it comes to the world of trading.

When I trade, I have two goals. Actually, they are two sides of the same coin.  1. I want to take some profit as soon as I possibly can. 2. I want to get a free trade, so once I have profit, I move my position to breakeven.

Winning is surely important, but it’s vital that you look at winning from the proper perspective. Early success, can destroy a trader—we often see this—early wins and then giving it back to the market soon after. This seems to occur when traders are overconfident. As a result of a little skill and some luck, they win on a bunch of trades, but in the end, their wins are only a fluke. And eventually, they “blow out.” When it comes to short-term early wins, it’s possible to win with only a little knowledge and skill. But watch out! Winning too early and too easily, tends to put take you off-guard.  You become overconfident.  You erroneously think you have the necessary skills to trade consistently and so you start focusing on maintaining a winning track record.  I wish I had the time and space to tell you of how many times I have seen this happen to traders.

But in the long run, a craving to win all the time can lead to failure. For one thing, the more you focus on winning, the more you are likely to freeze-up under the pressure. You have set yourself an unrealistic goal. 

Winning isn’t nearly as important as consistency and sticking with your plan. So when you’re trading, remember you’re “winning” even when you are losing as long as you are disciplined and following your trading plan, you may not win on any given trade, but over the course of many trades, you’ll be a winner.

The Obama administration keeps refusing to do what is really necessary to end the economic tradgedy that has the name U.S. stamped all over it. Instead of biting the bullet and letting economic forces do their job; instead of letting weak companies and weak banks fail, the administration keeps trying to reinflated the burst credit bubble in the hopes the economy will recover before the economy collapses entirely. The administration is living on hope.

By continuing to prop up the banks, the administration is placing into effect a plan by which the banks are buying time, rather than restructuring their bad loans. If restructuring those loans cause a bank to fail, so be it. Let’s face it the banks are not lending, and companies with too much debt are not hiring. And Mr. average is afraid to spend or invest, and is hoping he won’t be next in the unemployment line.

The stimulus package is a huge failure and in particular it has failed to create jobs. And you cannot for one minute believe what the BLS (Bureau of Lying Statistics) is telling us about jobs. This group of profound liars create jobs that don’t exist and plunk them into the employment report.

The Democrats, Obama, and his gang of criminal appointees cannot blame George Bush for this. It belongs entirely to them now. The administrations failure to act sanely will bring down the Obama house of cards, but we will all pay through the nose for it.

President Obama has decided to be fair to the GM bondholders. He is going to allow them to have 10% equity in the newly restructured GM. Isn’t that generous of him?

GM’s bondholders are owed $27 billion. If GM had been allowed to go into bankruptcy before the government got involved, the bondholders assets would have been legally transfered into $27 billion in either a restructured GM, or the bondholders would have gotten cash from the sale of GM’s assets.

However, Mr. “Fair” Obama has a different idea of fairness–one that breaks the laws of this country.

Obama is demanding a 50% stake in the equity of the restructured GM. The government wants half of the new company because the government loaned GM $15 billion in make-believe money–money printed out of thin air. The government entered the picture AFTER GM should have been allowed to go bust.

So, what is the fate of the bondholders under the Obama fairness doctrine? They are going to have to take what’s left after the government takes half, the union takes 39%, and the existing shareholders take 1%.

That the administration is out to destroy capitalism and turn this country into a socialist republic becomes increasingly clear every day.

We are looking at grand theft here. GM’s assets were the collateral for the loans the bondholders made to GM. Who is going to be willing to lend money to any corporation ever again, when they stand the chance of having the President of the U.S. steal their collateral?

This is another MUST SEE video. But set aside 2 hours for it.

I hope that everyone who reads this will pass it on to as many people as possible. Citizens of the U.S. are being betrayed by Barack Obama. He claims he is not a Muslim, but his actions speak louder than words.

This is the news that didn’t make the headlines…

By executive order, President Barack Obama has ordered the expenditure of $20.3 million immigration assistance to the Palestinian refugees and conflict victims in Gaza . The “presidential determination” which allows hundreds of thousands of Palestinians with ties to Hamas to resettle in the United States was signed on January 27 and appeared in the Federal Register on February 4th.

Few on Capitol Hill took note that the order provides a free ticket replete with housing and food allowances to individuals who have displayed their overwhelming support of the Islamic Resistance Movement (Hamas) in the parliamentary election of January 2006.

A review of Barack Obama’s most recent actions since he was inaugurated a little more than a month ago:

His first call to any head of state as president was to Mahmoud Abbas, leader of Fatah party in the Palestinian territory.

His first one-on-one interview with any news organization was with Al Arabia television.

He ordered Guantanamo Bay closed and all military trials of detainees halted.

He ordered all overseas CIA interrogation centers closed.

He withdrew all charges against the masterminds behind the USS Cole and 9/11.

Now we learn that he is allowing hundreds of thousands of Palestinian refuges to move to and live in the US at American taxpayer expense.

To verify for yourself: www.thefederalregister.com/d.p/2009-02-04-E9-2488 <http://www.thefederalregister.com/d.p/2009-02-04-E9-2488>

My heart was sickened when Obama won the election.

The “Sheeple” were so blinded by his charisma that
they voted in the end of the U.S. as we know it. There
are two links I think every American should read. I
am not putting them in TMC, because I don’t want it
to be focused on politics. Hang your head and weep for
the U.S.A. that was

http://www.dickmorris.com/blog/2009/01/21/the-obama-presidency-here-comes-socialism/

http://article.nationalreview.com/?q=YjcyODIyZGM2MGU1ZDdkNDgxZDc3OTNjYjM4ZDY1ODI=