The enemy is now within . . .

. . . and looting the coffers of the state.

An eloquent summation of Obama’s presidency, the first 100 days, is not to be missed by anyone who loves liberty.

The speaker is Adrian Murray of Fort Worth; a name, and a man with a powerful message, to remember.

H/T: Inspiration at the Fort Worth Tea Party Moonbattery

The US Constitution is a “charter of negative rights” as described by Obama. This must not, and cannot stand.

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Banks Scramble to Comply with Obama Reich

Like the banks scrambled to comply with Obama’s ACORN requirements, and moonbattey government requirements to write bad loans on bad collateral to bad credit risks, today they scramble to comply with new Obama dictates.

If they don’t comply in the correct spirit, Obama has demonstrated he will clean house, and name the executives he wants – probably from the Obama Youth Corps (which of these promising young men will become the instant bank executive, because of Obama?)

The Obama Reich is riding roughshod over every free market enterprise it can browbeat or bully. Obamasites think affordable mortgages were a smashing economic success. (Yes; the economy did indeed get smashed because of affordable mortgages). Manipulation of banks to write subprime, affordable, nothing-down, no-credit check mortgages was only phase 1. Things can get a lot worse.

 

Days Could Be Numbered For BofA, Citi CEOs

NEW YORK — The chief executives of Bank of America Corp and Citigroup Inc may be shown the door if the U.S. government decides the $90 billion of capital it has already injected isn’t enough to restore the banks’ health.

Kenneth Lewis and Vikram Pandit face renewed pressure after The Wall Street Journal said the banks may need to raise more capital based on the government’s “stress tests” of large lenders, citing people familiar with the situation.

Analysts and investors have expected a few large regional banks would need more capital, but the government’s findings suggest the sector’s capital shortfalls are deeper.

They also suggest that Lewis’ and Pandit’s assessment about their banks’ ability to weather a deep recession is wrong, cutting into their credibility as leaders and perhaps giving their boards reason to hunt for replacements.

“I would guess both of them are gone by summer,” said Charles Geisst, the author of “Wall Street: A History” and a finance professor at Manhattan College. “They’re caught between a rock and a hard place. They have to try paint a rosy picture for investors, but on the other hand, maybe what we need in the world is more forthright comments about the state of affairs at the banks, and they’re not making those.”

Citigroup declined to comment on the stress test, but said it is making progress on streamlining its business.

The bank may raise money without new government capital by augmenting a planned exchange of up to $52.5 billion of preferred stock into common stock, people familiar with but not authorized to speak about the matter said.

Bank of America declined to comment. The bank is holding its annual meeting Wednesday in its Charlotte, North Carolina, hometown, and shareholders are to vote whether Lewis should stay on the board, or at least give up his job as chairman.

Much of the opposition to Lewis’ reelection focuses on the bank’s troubled purchase of Merrill Lynch & Co. On Tuesday, the California Public Employees’ Retirement System (CalPERS), the largest U.S. pension fund, said it opposes Lewis’ reelection as a director.

Story continues here

King Abdullah Takes Victory Lap Over Goldman

The arrangements must have been made a month ago in London. Here is Obama, bowing to his King, Abdullah of Saudi Arabia:

Absolutely, you can attack New York, my king.

Absolutely, you can attack New York, my king.

A president of the United States bowing to an Arab king is your indication to expect interesting times.

Obama, judgment to lead.

Obama’s New Best Buddy

Tiring of Jeremiah Wright and Bill Ayers and Rashid Kahlidi and the rest, who advised Obama for 20 boringly consistent years that America was a failure, Obama is reaching out to a new team of international economic and political experts to form his policies and structure his new “Post-America” America. High on the list is this man:

Obama's New Best Buddy

Obama's New Best Buddy

Obama wants Iran hostage suit thrown out

The Obama administration has asked a federal judge to throw out a lawsuit against Iran filed by Americans held hostage at the U.S. Embassy in Tehran 30 years ago. . . .

. . . The lawsuit says current Iranian President Mahmoud Ahmadinejad was one of their interrogators.

The lawsuit says the hostages were tortured, beaten sometimes until they lost consciousness and kept in fear of their lives, at times even lined up in front of marksmen locking their guns. It says they were imprisoned without adequate food, clothing or medical care, blindfolded with their hands tied, interrogated for hours at a time and kept in isolation for months at a time.

H/T: Moonbattery Obama Goes to Bat for Ayatollahs

Why Does Obama Rob Banks?

Government’s recent spectacular success intruding into, and manipulating the mortgage loan business has inspired more government schemes to seize banking turf from greedy capitalists.

After all, government has through history succeeded broadly in its business forays; while free enterprise has failed, dismally.

(There is also the distinct possibility that today’s government is SMARTER than all government which came before it; when has that ever happened?).

It is suddenly an enlightment and stroke of genius, that government can be much more efficient than free enterprise in making student loans.

Obama will set up a new government agency, like Freddie Mac or Fannie Mae, to make student loans because private enterprise has been skimming, which Fannie Mae and Freddie Mac would never do.

Banking is the perennial target of governments everywhere (in the first phases of statist takeover); Obama is inventing nothing new.

Among the earliest, premier targets of fascist punks like Obama is always banking.

Why does Obama rob the banks? Because that’s where the money is.

The closer any industry to cash, the sooner it can look forward to Obama’s creative, fascist attentions. The fascist radar is finely tuned to ready cash; and the votes it will buy. Government is suddenly expert in handling cash efficiently, just in the nick of time to buy more votes. Capitalism is a failed system, according to Obama. America failed. Government, the Obama government, should handle, and dispense, all the cash.

Obama touts plan to change college loan system

WASHINGTON – President Barack Obama on Friday renewed his call for the government to stop backing private loans to college students and replace them with direct financial aid to young people.

Obama said the surest test for success in the challenging economy is a college degree or other training, yet access to higher education continues to shrink as costs rise. To reverse that, the president repeated his campaign proposal that would eliminate the Federal Family Education Loan program that costs taxpayers $15 million a day.

“In a paradox of American life, at the very moment it’s never been more important to have a quality higher education, the cost of that kind of education has never been higher. … Yet, we have a student loan system where we’re giving lenders billions of dollars in wasteful subsidies that could be used to make college more affordable for all Americans,” Obama said at the White House.

The administration has pushed for federal financial aid to go directly to students, not to banks that lend money to students. Obama said he wants to eliminate the “middle men” lenders that he says add inefficiency to the system — “that’s a premium we cannot afford, not when we could be reinvesting that same money in our students, in our economy and in our country.”

Obama wants to end the decades-old, dual system the federal government uses to advance loans to students to pay for college. Under that system, students at some colleges borrow directly from the government, while others get loans from banks, nonprofits or state agencies that in turn receive subsidies from Washington.

The president’s proposal would switch the federal student loan system entirely to direct lending from the government.

Obama has claimed that the change would save at least $48 billion over the next 10 years — money that could be funneled to student aid. But Republicans are concerned about the costs of that and even some Democratic lawmakers oppose the switch.

Sen. Lamar Alexander, chairman of the Senate Republican Conference, said ending a successful lending program and giving more power to Washington and Education Secretary Arne Duncan would not help students.

“Arne Duncan, I think, is the president’s best appointee. But as secretary of education, he should focus on paying teachers more for teaching well and creating more charter schools — that’s his agenda,” said Alexander, a former education secretary. “I don’t think Secretary Duncan came to Washington to be named Banker of the Year. The Department of Education should not be a $500 billion national bank.”

The president acknowledged that proposal’s critics.

“In the end, this is not about growing the size of government or relying on the free market, because it’s not a free market when we have a student loan system that’s rigged to reward private lenders without any risk,” Obama said. “It’s about whether we want to give tens of billions of tax dollars to special interests or whether we want to make college more affordable for eight and a half million more students.”

Obama also noted the plan would be tough to pass.

“The banks and the lenders who have reaped a windfall from these subsidies have mobilized an army of lobbyists to try to keep things the way they are. They are gearing up for battle. So am I,” Obama said.

Higher education groups are divided. They welcome more money for student aid, but about two-thirds of colleges use the subsidized lending program and some want to keep the program.

Lenders are also fiercely lobbying against the proposal, which would end a historically lucrative business.

“The president’s proposal to eliminate the Federal Family Education Loan Program will do more harm than good,” said Kevin Bruns, executive director of America’s Student Loan Providers. “The proposal does nothing to make college more affordable for the vast majority of students who require loans to pay for college.”

Obama: Your Electricity Costs Must Skyrocket

Obama and Al Gore are gonna destroy the economy. This is gonna cost us $8 Trillion, OR WHATEVER THEIR NUMBER IS (Who said this? Obama said it. Enjoy; the empty suit says it his own self in the video just below).

What electricity or energy costs YOU and US does not matter to Obama. It is a matter of no concern:

No price you pay for energy can be high enough. You are America, and you have damaged the World, perhaps irreparably with your greedy capitalism.

Who cares how much you pay? Your president cares only that you pay MORE, up to and including your last nickel.

$5 Trillion, $10 Trillion, $15 Trillion – whatever. You must pay, and you will pay.

You will have less energy, you will have less cash, you will become Obama’s vision of you: “Post America.”

You will take your rightful place among Zimbabwe and Bolivia and Pakistan, starving, freezing, straining the gutter fluids for morsels of bitter nourishment, and learning what it means to be a good socialist.

It will be a good lesson for you, hateful and greedy capitalist, responsible for each and every ill of the World.

Responsible for rising sea levels and rising temperatures, neither of which rises.

H/T: Moonbattery We Can’t Say He Didn’t Warn Us

Obama Completes Successful Marxist Americas Summit

The sweet Castro Boys, and statists Hugo Chavez and Daniel Ortega are now lined up with the freshman of the western hemisphere Marxist presidents, Barack Hussein Obama. Chavez generously committed to set Obama up finally with the Taliban for his long-sought alliance to free Afghanistan’s women. Deep tongue kissing was the order of the day. Previous discussion of Obama’s profound ignorance was set aside, at least for the week.

Our joint ally, the Taliban, are lovable sweethearts

Our joint ally, the Taliban, are lovable sweethearts

Agreed:  Capitalism is Dead forever . . .

Agreed: Capitalism is Dead forever . . .

Wikipedia Daniel Ortega

With the 2008 economic downturn Ortega said that capitalism is in its death throes and the Bolivarian Alternative for the Peoples of Our America (ALBA) is the most advanced, Christian and fairest project. He also said God was punishing the United States with the financial crisis for trying to impose its economic principles on poor countries. “It’s incredible that in the most powerful country in the world, which spends billions of dollars on brutal wars … people do not have enough money to stay in their homes.”[31][32]

There must be TWO Obamas!

Obama, last year:

Today, only a few months later, Obama decides the American economy is plenty healthy enough to fund the failed Cuban government, too, with a fat slice of taxes taken off the top of remittances from Americans into Cuba he will now permit. Repression in Cuba is no longer a problem; instead, repression in Cuba has become the model for Obama’s America:

American Journalists were distraught that Obama failied to place a wreath at the internment site of fallen press hero Che Guevara during his Marxist love tour. Maybe next year.