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Barack Obama and the Death of America

March 6th, 2009 . by TexasFred
Barack Obama and the Death of America

WASHINGTON (AP) - The nation’s unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs amid a deepening recession. Jobless rate bolts to 8.1 pct., 651,000 jobs lost

- Calling the latest job losses astounding, President Barack Obama said Friday he will not accept a future marked by a recurring cycle of Americans forced out of work due to the economic crisis.
Obama calls latest job losses astounding

NEW YORK (AP) - Wall Street has given up early gains and has turned lower as the severity of U.S. job losses began to register with investors. Stocks turn lower after February jobs data

WASHINGTON - The truisms have been familiar to generations of Americans: As General Motors goes, so goes the nation; Citigroup is too big to fail; General Electric, one of the 12 original companies in the Dow Jones industrial average in 1896, brings good things to life. America’s corporate giants crumbling

WASHINGTON - Senate Banking Committee Chairman Christopher Dodd has moved to allow the Federal Deposit Insurance Corp. to temporarily borrow up to $500 billion from the Treasury Department, The Wall Street Journal reported Friday. Report: Bill seeks $500 billion for FDIC fund

The above is just a sampling of the financial and business news from the reports today.

The jobless rates have gone UP, in a large way. Barack Obama, the guy that never really held a JOB, is ‘astounded‘. The stock markets are all but in the tank because of the financial mess this nation is in, and the stock markets are responsible for that situation, in a very large way. The biggest corporations in America are crumbling, Obama and Company are throwing BILLIONS of our TAX dollars at them in an effort to save them, and then the news comes out that it appears that no matter what is done, some of these corporations are done for anyway.

That’s bad news folks, it’s terrible news, but it doesn’t bother me nearly as much as the last little blurb concerning the FDIC.

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass-Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. FDIC

I don’t mean to be an alarmist, but for some reason, when the FDIC has to borrow money to guarantee MY deposits, I get a bit nervous! What I get from this story is, the Feds are propping up the FDIC in an effort to make this stimulus and all the extended credit that Obama and Company believe will bail out this nation become a reality with an infusion of an additional $500 BILLION.

Seems to me that all we are doing is robbing Peter to pay Paul. I believe what we are seeing is called shuck and jive on the street, and unless you are the gullible *mark* that falls for the 3 card shuffle and the shell game, you know as well as I do, this crap is NOT going to work and all Obama and Company are doing is throwing good money after bad.

And now we are hearing that Bernie Madoff may be about to enter into a plea deal, Prosecutors indicate Madoff plea may be in works, I’ll bet that makes the folks that lost BILLIONS in his ponzi scheme feel a lot better…

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19 Responses to “Barack Obama and the Death of America”

  1. comment number 1 by: Barack Obama and the Death of America

    [...] Barack Obama and the Death of America [...]

  2. comment number 2 by:


    I know how serious you take this so I say it with the utmost respect. Take the flag on your half mast in mourning of the United States and turn it upside down, We are under attack from the top, The elected officials that the sheeple have elected have declared war on the Unites States we all love and are killing us as we speak. So that being said we are under attack and in distress.

  3. comment number 3 by: TexasFred

    Sorry man, that is NOT gonna happen, if that flag come down the Stars and Bars go UP… And THAT is going to offend a lot of readers…

  4. comment number 4 by: Katie

    Funny how the economy is tanking with unemployment at 8% and it was doing well under Reagan with unemployment at 10%. I wonder what the difference was? Do you?

  5. comment number 5 by:

    That was the reason for the preface Fred. I know how you feel about the idea and I have never flown a flag upside down either. However I didn’t post that to offend you. I do know that is a universal sign of distress. and I don’t take it lightly.

  6. comment number 6 by: TexasFred

    Michael, FULLY agreed, I am NOT offended, you would never do that and I know it… :)

    I AM pissed off though, not at YOU, but at these assholes that are KILLING America, but the International Sign of Distress isn’t going to help us this time, we are in the shitter and other nations are sitting back waiting to pick the bones…

  7. comment number 7 by: Kate

    Sorry man, that is NOT gonna happen, if that flag come down the Stars and Bars go UP… And THAT is going to offend a lot of readers…

    Pfft! Wouldn’t offend me one little bit if ya put up the Stars & Bars. Matter of fact, I’d say it would be quite appropriate given the current situation. But then, I’m one of those bog dwellers, so it’s to be expected. :P

    As for the post…..the facts are speaking for themselves! He, and his minions are killing this country, and the MSM follow along lapping up his excrement.

  8. comment number 8 by: Deron

    Well, I see the Dems have done what they promised, they have CHANGED this country in more way than one. God Bless us all.

  9. comment number 9 by: The BoBo

    Fred - we’re thinking along the same lines today. I just posted up a pretty lengthy list of things that will help to ensure that death of America that have been in the news.

    This is truly some scary shit, man!

  10. comment number 10 by: My head is ready to explode!!! What the heck happened to this country? | The BoBo Files

    [...] Looks like Texas Fred - is thinking along the same lines today - go check this out:  Barack Obama and the Death of America. SHARETHIS.addEntry({ title: “My head is ready to explode!!! What the heck happened to this [...]

  11. comment number 11 by: Ingrid

    As I’ve said before Fred… a democracy they must beat you down to the ground first and then they can say we will help you back up. This is exactly what is happening now.

    I wrote a letter to our Northern Texas Senators and congress people in 2007 asking them why the FDIC isn’t questioning BofA, Wamu, and some other banks who were dishing out bank cards, loans and credit cards to ILLIGALS. I went on the FDIC web site and not to my surprise they stated that they only check on the banks every 2 years if they feel they have to because they are OVER PAID AND UNDERSTAFFED (I just added that). They were supposed to have taped and written documents on every banks monthly board meeting…they didn’t. They where supposed to thoroughly check their books every month or so…they didn’t. When I read that they would only investigate a bank if they felt the need to is beyond my comprehension. It again tells me that our federal government is a joke. And, yes we should seriously consider Sovereignty and then secession.

    For me the FDIC stands for Flagrant-Deceptive-Idiotic-Council.
    Why do we have a failing economy? Because we have a failing federal government that makes no effort to ensure all of it’s department wings (FDIC, FDA, USAD, IRS(private company), INS, ICE, HS, ETC are all working and functioning according to our Constitution and Laws.

    Can anyone wonder or perhaps think that maybe this country is to big to be run and governed by a few rich elite who don’t give a damn about this country.

    They are doing exactly what FDR did. It didn’t work then and it won’t work now. All these stimulus’s are doing is paying back the rich elite and paying salaries for all the dumb federal employees who really don’t know much except how to shuffle the paper work from one office to another. And there in lies the problem to much needless paper work and no accountability by any of them.
    WAKE UP!!!!! oH!

  12. comment number 12 by: ablur

    Go Ingrid!

    The Obama camp and the rest of our so called leadership doesn’t get it. They are flailing about throwing our money at everything hoping they can hit the monster.

    There are real solutions out there. Hope someone gets a clue fast or stops long enough to let the people deal with it. As long as he keeps dealing with the problem by cheapening our country things are going to continue to spiral down.

  13. comment number 13 by: Carl Andrews

    Well, I too am astounded by the unemployment rate.
    Especially since I am still unemployed.
    And the Porkulus Bill isn’t going to help me one bit.
    As far as the stock market, I heard someone the other day say how it doesn’t affect them because they don’t own stock.
    I asked them if they had a 401k and what kind of shape that was in.
    Then the light bulb over their head went on.
    I then asked the guy who he voted for.
    Guess who?
    Too stupid to realize that the stock market tanking tanked his retirement savings, and yet he is allowed to vote!!!
    My wife works at a bank.
    There isn’t a day that goes by that she doesn’t get questioned by a nervous depositer if the bank is secure.

    I think that before too long even left-wing loonies will start to understand that this is the kind of change they had hoped for.

  14. comment number 14 by: Carl Andrews

    Oh and Fred

    That invite is starting to look better and better.

  15. comment number 15 by: BobF

    Carl, so many people believe the stock market doesn’t affect them until you remind them of their 401k’s, IRA’s, and pensions. Just about every factory in America that offers a pension gets the money for these pensions out of investments in the stock market. When peoples life savings and retirements tank, they are mostly going to go on welfare and become wards of the State. When this happens, they’ll vote Democrat to ensure they get their welfare check, thus ensuring Democrats stay in power for a long time. Democrats, and some Republicans, don’t care if people prosper, all they care about is getting their vote.

  16. comment number 16 by: GM Roper

    This only proves my contention that any fool that would vote for Obama either wanted a socialist state, or had no idea what the hell was going on!

  17. comment number 17 by: Kate

    It sure wasn’t for the lack of a LOT of folks trying to get it through their tiny little brains. :?

  18. comment number 18 by: Bluebonnet Sue

    Ingrid, I believe there are a lot of intelligent, honest persons out there who love this country and would be willing to run for public office if it didn’t cost two arms and two legs to do it. The rich, or the ones who are connected with the rich, are the only ones who can afford to campaign. Perhaps we should be like Canada.

    A friend who lives there wrote, “I can’t believe how long your election campaign goes on… our 3 weeks were sickening enough … and our politicians are restricted to one million dollars each…to campaign and no more huge support from large companies etc…our present prime minister cut that off a couple years ago.. so makes the playing field much more level.”

    Good idea or not? If so, how can we get the goons in DC to pass legislation to make it so?

  19. comment number 19 by: Bloviating Zeppelin

    We should allow those companies and institutions that WILL fail TO fail. It is patently obvious that the billions thrown into the air are disappearing and NOT providing ANY kind of an “umbrella” effect for anyone or anything. I just visited by tax preparer yesterday and was told flat out: I don’t qualify for damned near anything. Apparently, everyone ELSE does.

    Just wait until April 14th of 2010. You, me, WE are going to get hit straight between the eyes.