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Obama’s trillion dollar rip-off « Getting at the truth

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Obama’s trillion dollar rip-off

Obama has played the fear card by warning us of dire and long-lasting consequences if Congress doesn’t pump trillions dollars into the national economy.

Fear mongering Obama said, “In short, a bad situation could become dramatically worse.

Obama is so very very wrong.

When you are deep in debt, you don’t rectify the situation by borrowing more and going even deeper into debt.

Obama must think we are all stupid.

The bailout is not to create jobs, but to preserve corporate America, the property of the rich, at the cost of enslaving the American people.

Not only is Obama going to drive the US deeper into debt, he is also going back on his word to repeal the tax relief given to the rich.

The tax relief given by Bush to the rich did nothing to help the economy. Look where we are now. Joseph Stiglitz, the Nobel Prize winning economist wrote in the latest Vanity Fair, that the tax cut for the rich did nothing to help the economy.

Is Obama stupid? Are his advisors ill-informed? I think not. Obama and his team know very well what they are doing. Obama is about to pull off the biggest multi-trillion dollar rip-off in history.

Bernard Madoff ripped off $50 billion from his investors. Obama will be multiplying that by a factor of 20 in his rip-off of the American people.

Who will lend us the trillions of bailout dollars for Obama’s plan? Probably no one.

So where will the money come from? It will come from the devaluation of the dollar, and a crushing tax burden on the American people for generations to come.

The result?

The Great Depression II will last for the rest of our lives, and beyond – but maybe not for the very rich.

1 comment to Obama’s trillion dollar rip-off

  • Mildred Yon

    Who is paying Michelle Obama’s extravagance?

    Michelle Obama made it known on the campaign trail that she bought her clothes off the rack like most American women.

    After the inauguration she is spending $12,000.00 and up for frocks and she is for the working class. Our American press had a field day with Governor Palin’s so-called lavish spending and not one word about the Obama’s spending. I would say that this is bias at the least.

    Michelle Obama, inauguration diamonds will be donated to the Smithsonian Museum in D.C., long diamond earrings of rose cut and briolette diamonds, a 20-carat rose cut diamond ring. The value is said to be about a quarter of a million dollars retail.

    American taxpayer paying the tab?

    If so costume jewelry will do quite nicely as we do not have a Queen in this country with crown jewels. Even if the American people are not paying the bills, talking about bad taste with so many working Americans losing their jobs, homes, cars and struggling to put food on the table. Oh I forgot that Michelle Obama or is she reincarnated Maria-Antoinette and President Obama are for the working class.

    President Obama did not lie about one thing and that is change for America.

    Please tell the American people another one!!
    Disgusted American