Fooled me twice...

Americans were fooled for the second time. The first time it was in the thirties when FDR managed to keep the Country in a state of Depression for ten years and in fact became the President for life that tyrants dream of. FDR was aided by a Liberal press that a) blamed the economic failures on Hoover and b) successfully conned Americans that FDR was trying to revive the economy and c) concealed the fact that FDR's real aims were keeping the populace dependent on government and redistribute wealth by "progressive" (i.e. confiscatory) taxation.

Along comes Barak Hussein Obama. The Liberal press is at it again. This time, the Media is trying to perpetuate the lie that a great recession had started in 2007, whereas the recession started after the accounting system was changed on Sep 15, 2008 and money circulation slowed to a crawl. It was after that when the economy went into the tank.

This time Americans are not fooled. They know that Obama is not trying to revive the economy, on the contrary! He is doing all he can to nudge us into a depression so capitalism can be destroyed and Marxist redistribution finished. Obama's shadowy figures continue to fail the banks, to drive home owners into default, have the government toke over the banks, destroy private insurance and make the government the source of income for a growing faction of the population.

And we know this how? The Obamabots in Congress are intent on nationalizing the health industry even if they lose in the next election. The unemployed and underemployed now constitute 20% of the work force. Mass layoffs are not only continuing but are accelerating once again. The FDIC reports that the percentage of problem banks has now reached 27%. ONE IN THREE BANKS IS NEAR INSOLVENCY! State tax receipts are still falling and States are laying people off. Over a quarter of homes are now classified as "under water," meaning that the owners owe more than the house is currently worth. This has happened not in spite of Obama's efforts, but because of it. Is it any wonder that consumer confidence has reached the lowest level, since the aftermath of the last Left wing US President, Jimmy Carter?

By now, the financial contagion created by the FED has spread to Europe. Mr Rogoff reports that sovereign debt default is looming for the PIGS (Portugal, Ireland, Greece and Spain),but the external debts of other countries (in terms of % GDP) are not so good either: U.K. 408.%, Netherlands 365%, Belgium 320%, Denmark 300%, Norway 200% Sweden 194%. Default of any of these countries will push us deeper into depression, no doubt to the delight of the Obamabots.

This time it is different though. The difference comes from the existence of Talk Radio. Courageous talk show hosts are exposing the Obama regime and its destruction of America's economy and the servility of the Media. While talk shows are doing fine, Media outfits are laying off workers and face bankruptcy down the road.