US needs a reality check to stop buying into Obama left fantasy

Sahit Muja

Sahit Muja: US needs a reality check to stop buying into Obama left fantasy.

Monetary policy sets interest rates. With current interest rates near zero, even a 5-year CD earns a pittance.
Such policy has eliminated more than $300 Billion in interest payments to savers annually. They used to spend this money, which created demand in the economy - and jobs.
Over the past 4 years, more than a trillion dollars of interest that would have been spent by savers, specially those who worked hard and had saved over their lives, has "vanished" from the economy.

The Obama's administration has done this to lower the cost of borrowing by banks and Wall Street traders - who profit by trading everything from bonds, currencies, commodities and stocks.
There is no evidence that this helps the economy; creates jobs; or has resolved the housing crisis that precipitated the financial meltdown.

Finally, because the Obama's administration has financed Washington's deficit and debts with this cheap money, it has allowed the "fiscal" side of the government to ignore the problems, and throw mud at each other to get elected, instead of solving the serious current and future problems the country faces.

The self-servings President is responsible for our economic problems. By transferring trillions of tax dollars to the banking industry, the Fed has suppressed interest on savings, which in turn has inhibited spending, investment, and growth. This massive wealth transfer is essentially a "tax" which includes the lost interest on savings as well as the tax dollars given to banks. It targets particularly the middle classes and seniors, and is responsible for the continued recession.

Never before has an American President so purposefully pitted one group of citizens against another.

The half of Americans presently pay no income taxes, and the wealthiest Americans pay almost all of the income taxes collected by the government.

For the President to pander to his supporters by suggesting that “the rich” need to pay even more, is disgusting; and there is enough reason for him to not be re-elected.

America needs a reality check to stop buying into Obama and the left fantasy

If you look at Washington D.C. and the way it operates with vast amounts of money funding special interests behind the facades of non profit think tanks and the shuffle from the Hill to lobbyist offices it is easy to see parallels in which the general interest is irrelevant to the way things work. Huge contracts are in play, earmarks are rampant, and trade-offs are everywhere.

It is manifest in the fact that failed politicians "never go home".
Spending in the U.S is at 40% more than annual revenue.

President Obamas claim for economic recovery isn't s recovery, it's an artificial economic high. And the longer we're stay hooked on the borrowed money the worse recovery will be.

Politicians seem to live in fairy land where there is always somebody else who will work to pay for their projects.

The non-taxpayers Obama's supporters fail to understand that you have to work for what you get. Socialism - works great until you run out of other people's money.

The hallmarks of President Obama's government spending are waste, waste, and more waste.

The non-taxpayers who are getting the free stuff, don't like the folks who are paying for the free stuff, because the folks who are paying can no longer afford to pay for both the free stuff and their own stuff.

The taxpayers who are paying for the free stuff want the free stuff to stop, and the non-taxpayers who are getting the free stuff want even more free stuff on top of the free stuff they are already getting!

Now the people who are forcing the people who pay for the free stuff have told the people who are RECEIVING the free stuff, that the people who are PAYING for the free stuff, are being mean, prejudiced, and racist.

So the people who are GETTING the free stuff have been convinced they need to hate the people who are paying for the free stuff.

The voters figured out they could vote themselves money from the treasury by electing people who promised to give them money from the treasury in exchange for electing them.
The number of people that do not pay taxes outnumbers the people paying taxes.

We have one chance to change that in 2012 election. Failure to change, that spells the end of the United States as we know it. The national debt now stands at $16 trillion dollars.

The disgusting rhetoric and platitudes form our leaders foreshadows the disaster we face. They are so busy pointing fingers and placing blame .

President Obama have not offered a single viable solution a glimmer of an idea that tells us they have a clue. Only free market accelerates progress, improves productivity and promotes ingenuity and innovation

Sahit Muja

President and CEO

Albanian Minerals,

New York