Bill Balsamico

Well here we go again. Four years ago as gas prices soared to record highs America and the American consumer took a financial bath. You ask how could this happen? The answer is so simple—-because we are involved in a GLOBAL ECONOMY. Because of the GLOBAL ECONOMY the average person is going to get ECONOMICALLY CRUSHED every time there is a hiccup anywhere in the world. As Americans suffered four years ago with high gas prices and eventually falling behind on mortgages, car payments, student loans, credit cards etc causing the economy finally to collapse.

Due to record prices of gas coming in the summer of 2012 we will experience a “CARBON COPY” of 2008. Not only will Americans go broke paying record gas prices but when the market takes its big hit TRILLIONS of financial wealth will disappear again. It’s really sad when you save for years for your retirement and your punished because of GLOBAL ECONOMY. Remember back when you put money in the bank to save for the future, and as long as you left it there, it only GREW it never DISAPPEARED.

Now for the GOOD NEWS and the BAD NEWS. THE BAD NEWS——sadly back in 2008 many voters were under the illusion that Obama was the only one that could understand and deal with the crisis. Well now we are over 16 TRILLION and counting in debt, unemployment at about 20 % (when you factor in the UNDER EMPLOYED and those that LEFT THE WORK FORCE). This is going to continue through this summer. Now THE GOOD NEWS—–the same circumstances in 2012 will be the reason Obama will not be re-elected. When you live by the sword—-you die by the sword.

In April of 2010 I posted on my sign that Obama had surpassed Jimmy Carter as being the WORST President in history, and now it is confirmed. Most Presidents become LAME DUCK Presidents in the last two months of their presidency. Obama became a LAME DUCK President in November of 2010, when America spoke out at the poles because they didn’t like his policies and the direction he was leading the country. Now he doesn’t have the House under the control of Pelosi and the Senate is turning on Reid.  He can’t get all the spending he wants, therefore he will end up as a TWO YEAR LAME DUCK PRESIDENT (and as long as he can’t spend money America will survive and eventually rebound a better country for it). The system was set up as TAX & SPEND (spend the money you have). Now the new way is SPEND—TAX—PRINT MORE MONEY & BORROW (then find more taxes to raise to TRY and pay for what was just borrowed). With over 200 BILLION/DAY going to China (just as interest–no principal) it just WILL NOT work. In my opinion having Obama as a two year LAME DUCK PRESIDENT will prove to be OUR BEST two years of his presidency.

As I sit here and listen to the Dumbocrats once again deny America its NATURAL RESOURCES, millions of GOOD PAYING AMERICAN JOBS as well as ENERGY INDEPENDENCE, their reasoning is that it would take years to get the oil out of the ground. That has been the excuse for 30+ years that I can remember. Imagine how many GOOD PAYING PERMANENT AMERICAN JOBS would be in existence today had it not been for that regressive negative attitude. All of these jobs would have come due to the investment of BILLIONS of FREE MARKET INVESTMENT not BILLIONS OF TAXPAYER DOLLARS thrown down the drain searching for pie-in-the-sky GREEN JOBS at the cost of 80 MILLION DOLLARS/JOB.

When the original WILDCATTERS started drilling for oil it didn’t take years to extract the oil. When Andrew Carnegie started building steel mills it wasn’t with taxpayer dollars and the same goes for Henry Ford as well as all the other visionaries of the 19th and 20th centuries. Here it is the 21st century and the Commander and Spender as well as the Dumbocrats think the tax payers should finance the pie-in-the-sky-pipe-dreams of financial failure. Now ask the COMMANDER AND SPENDER where the GREEN JOBS are (hint—they’re GONE). Then ask when the taxpayers can expect the BILLIONS OF DOLLARS to come back (another hint—NEVER). Now demand Congress to investigate where all the money went and how it was spent (my guess is that they will uncover HUNDREDS OF MILLIONS skimmed off the top and buried), there isn’t any company that STUPID to lose that much money no matter how hard they try.

Just a short and quick comment on the SCARE TACTICS used by our CHIEF COMMUNITY ORGANIZER. He claims if the DEBT CEILING is not raised (especially under HIS terms), the possibility of social security and military checks may not be sent out. Now the way I see it–1st. our soldiers put their lives on the line 24/7 for our FREEDOMS as well as the sacrifices their families endure. 2nd. our seniors paid for those benefits and are entitled to them. And 3rd and most important of all I don’t hear him threatening to stop welfare checks to the FREELOADERS (they do nothing for those checks except BURDEN SOCIETY). If you cut out all the FREEBIES the budget would probably balance itself. Just something to think about. I would like him to hold up welfare checks so that we can hear from Jesse and Al. They have been VERY QUIET for so long (makes me wonder what benefits were passed for welfare recipients with all the new bills pushed through at the MIDNIGHT HOUR), I guess this will all come out in time.

Just one short little paragraph of FACT in light of Obama’s solution on wiping out the NATIONAL DEBT on the backs of the so called “WEALTHY” ($200,000.00/year and up). Obama paid Federal Taxes for himself and his wife for the calendar year of 2010 TOTALING APPROXIMATELY $466,000.00 on a “REPORTED”income of just slightly over $1,700,00.00. That equates to LESS THAN 27 1/2%. Now he expects everyone earning over $200,000/year to pay more because “THEY CAN AFFORD IT”and it is their “MORAL OBLIGATION” (spreading the wealth). I guess those expectations don’t apply to COMMUNITY ORGANIZERS. Just one more chapter of BULL SHIT from the OBAMA DIARIES.