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Feb 9, 2012

Why vote for Obama?

When considering a vote for the office of the president; far more should come into the decision than just a hard and fast ideal of whether one has voted consistently for a democrat or republican. Each election term we are offered an opportunity to think beyond the nearly over whelming noise of political rhetoric to try and make decisions that will, and do have long term effects. We should be asking ourselves not what party is popular, not what the candidate seems to be, but what that candidate can or has done to enhance the greater public good.

Many are taken with the idea that only one who has vast business experience can meet the challenge of the office of the top administrator. In fact, history has shown that to be a fallacy, a truth only in the pubic mind. Nor is the mark of a good administrator necessarily linked with years of work within the political realm. We need a person with above all good intentions and if possible one who values his own glory far less then the forward advancement of this country.

As recently spoken by none other then the influential Rush Limbaugh, the republican party has given us a very poor set of choices.

This is not entirely true however, those who have been most ignored specifically Gary Johnson and Buddy Roemer, just might have been candidates that would have opened the field for the republicans. Rather then consider these more moderate and open thinking candidates the field of choice has remained tightly locked on two driving issues, the ability to raise vast sums of money and an appeal to the most extreme right wing of the republican party.

What has Obama accomplished? In nearly four years of constant turmoil and doubts about such utter nonsense as birth certificates and religious affiliations, he continued to manage to keep his focus on the agenda of what he and those who elected him found to be of primary importance to the growth of this country.

Though Obama must have realized that as he took office he was entering a financial crisis of enormous portion. It is highly doubtful he could have foreseen that it was of the proportion not seen since the days of the bank holiday in 1929, leading most directly to what is called the Great Depression.

His first tasks those planned during his campaign, had by circumstance and need to put aside and full attention on the financial sector had to become the first priority. Many still argue and disagree with the highly controversial “bail-out” or TARP system, an agreement reached by the consensus of those from across the financial and economic sectors and offered to the president as the only possible way to avoid the total collapse of not only the US financial system but that of the world at large. I suspect these decisions will be under scrutiny for years to come, both by historians and economists. Though it should be stated that all but 89 million has been repaid to the government and the CBO reported as of May of 2010 over 3.7 million jobs have been created by the private sector.

However, beyond this highly controversial situation there are also many accomplishments, some that are also under constant scrutiny, their need and value to the public all but ignored by some, lauded and praised by others and nearly all but unrecognized by the majority. I wish to touch only on the tips of those many things of accomplishment as we have little time for long detail.

Arts and Culture

Banking and Financial Reform

Civil Rights

Commerce, Trade and technology

Conservation

Economy

Education: College

Education: Health of Children

Employment: Jobs

Energy: Green

Energy: Old

Energy: Oil

Foreign Affairs and International Relations

Government Efficiency

Health and Wellness

Health Care Reform (See also Taxes)

Housing

Humanitarianism

Immigration

Infrastructure

Labor

Law and Justice

Medicaid/Medicare/Social Security

Military and National Security

Military Veterans and Families

National Disasters and Emergencies

National Service

Scientific and Medical Research

Space Exploration and Space Station

Taxes

Transparency and Accountability

Recovery, Progress and Change

Miscellaneous

 

A more complete and comprehensive listing of accomplishments to date may be found at:

http://obamaachievements.org/list

I think anyone bothering to do the reading of just what has happened in these last few years that goes far beyond “Obama Care” or “TARP” would find it most difficult to take issue with the path we are currently taking toward turning around the US problems and paving a road toward the future.

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Posted: Thursday February 9, 2012, 8:51 am
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Carlton Ward (55)
Sunday May 27, 2012, 1:18 pm
The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence

The mainstream media portrays Federal Reserve Chairman Ben Bernanke as a brilliant economist, but is that really the case?

Let's go to the videotape.

The following is an extended excerpt from an article that I published previously....

----------

In 2005, Bernanke said that we shouldn't worry because housing prices had never declined on a nationwide basis before and he said that he believed that the U.S. would continue to experience close to "full employment"....

"Weíve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I donít think itís gonna drive the economy too far from its full employment path, though."

In 2005, Bernanke also said that he believed that derivatives were perfectly safe and posed no danger to financial markets....

"With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly."

In 2006, Bernanke said that housing prices would probably keep rising....

"Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise."

In 2007, Bernanke insisted that there was not a problem with subprime mortgages....

"At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency."

In 2008, Bernanke said that a recession was not coming....

"The Federal Reserve is not currently forecasting a recession."

A few months before Fannie Mae and Freddie Mac collapsed, Bernanke insisted that they were totally secure....

"The GSEs are adequately capitalized. They are in no danger of failing."

For many more examples that demonstrate the absolutely nightmarish track record of Federal Reserve Chairman Ben Bernanke, please see the following articles....

*"Say What? 30 Ben Bernanke Quotes That Are So Stupid That You Wonít Know Whether To Laugh Or Cry"

*"Is Ben Bernanke A Liar, A Lunatic Or Is He Just Completely And Totally Incompetent?"

But after being wrong over and over and over, Barack Obama still nominated Ben Bernanke for another term as Chairman of the Fed.

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Kit B.
female, age 66, single, 1 child
Lewisville, TX, USA
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