President Obama Personally Engineered This Recession

Sean Hannity and Rush Limbaugh may be a lot closer to the truth than I to date would have liked to admit.  I've been reading extensively in George Washington's blog about the activity of the Federal Reserve.  President Obama could have personally ended this recession ANY TIME HE WANTED TO in the past five years or so.  But he chose not to even at the risk of handing the Presidency to Mitt Romney.  Clearly we all hoped Health Care would be a panacia that would lift this Administration's poll numbers out of the doldrums, which hasn't happened because Health Care has been such a disaster.  Sean Hannity is in a sense correct in saying that this Administration is PAYING AMERICAN CITIZENS NOT TO WORK.  Because if they don't work full time they get to draw Health Care funds from the federal till that they otherwise couldn't.  Many of you are puzzled how interest rates could be consistently so low and yet banks are not lending.  It isn't like Mitt Romney says.  There IS NO "Uncertainty factor".  Indeed the Big Banks have a Very Certain future.  And by the way there IS no "bubble" at least as of now- - as far as Stock Prices are concerned.  In fact one of the biggest scams pulled on radio commercials is getting American Citizens OUT of the BEST investment they can make - - common stocks- - in favor of far less lucritive instruments such as treasury bonds and CD's and all of that which pay next to nothing- - when they could have been hauling it in had they stayed in common stocks.  That's how the Big Boys have made a lot of THEIR money.  Let me explain more.  What the Fed did in the TARP bail out of 2008 was infuse a LOT of money into the banks.  They have Continued to give the banks a break because the Big Banks sell these risky "debt instruments" to the Feds containing a lot of dubious loans they won't be able to collect on anyhow.  The Feds "Insure' these debt instruments and gives the newly "Restored" debt instruments BACK to the banks, which in turn Sell these debt instruments perhaps worth SEVERAL TIMES MORE than they were, to other financial institutions.  Obviously this influx of money RESERVES increases this figure into the stratusphere- - as one graph has shown has happened since 2008.  Not only that the Feds are PAYING these banks Interest on these Reserves- - and do so to discourage the banks from doing what they would otherwise normally do, lend out this money to business and main street customers like you and me.  President Obama has thus intervened, and continues to do so, to prevent this recovery from happening.  They "claim" they are worried about Inflation.  However it's a fact of life that inflation is only a risk when the unemployment figure is low, like below five percent- - and / or production per employee is down.  Neither of these cases is true.  There is also something called the money multiplier effect that means stimuls by the "Feds" increases and multiplies throu9ghout the economy as the ripple effect spreads.  This didn't happen this time.  In fact rather than it being a figure like 150% or higher- - in fact for each dollar of stimulus- - the net effect is only 79% of the principle.  That's assuming the banks loan the money at all.  Because interest rates are kept so artificially low that they nave NO INCENTIVE to lend out this money at all when they can make 90% profit on this money merely by sitting on it.   Normally low inflation rates have a host of benefits, and we won't review those now except one of them is normally an artificially Cheaper dollar, in the Adam Smith tradition- - people in Europe ect will flee dollars and go for higher interest paying debt instruments in other countries. In turn our Exports Should be cheaper so people will Buy them.  But they aren't.  This isn't happening.  Governor Rick Perry made a statement during the tea party debates that the Fed Chairman should be Impeached or something because Governor Perry raised the charge that low interest rates on debt instruments bought by Americans is so low that old people have no Savings nest egg at the end of their working carriers to Retire on.  Rick Perry thought this was unfair.  The average person can't get money at ANY price, it seems.  Hence industry and commerce Languish.  Jobs aren't created.  And the disperity in income between the Rich and the Poor becomes Enormous- - and it's the Fed Chairman's fault, whom President Obama appointed.  President Obama is the biggest economic Fake to ever come down the Pike.  And he doesn't Care.  He's not an uneducated man.  The President is aware of all this.  He knows Exactly what is going on.  Meanwhile people are conned into buying Gold when gold prices have come down considerably in one of their classic spikes a year or so ago.  That ship has sailed.  But these radio sheisters won't tell you that.  However it may be possible that China is getting pissed with us.  Unlike what the Obama Administration has been Saying, the trade deficet with China has NOT come down appreciably.  It's been pretty bad ever since the Bush administration.  But they may be bribed into not "Pulling the Plug' by promises of the Pacific Trade Agreement.  This may be why President Obama is fast tracking that whole thing, as if the giant sucking sound from NAFTA wasn't convincing enough for us.   It took me a little time to do this research, but not that long really in the overall scope of things.  But now you people also know the score.

Brian Epstein said the Beatles would come to America when they were number one on the Charts here.  But it's also true that "The Beatles are coming to America" was a campaign that had been hyped for a couple of Months, though their stuff wasn't even released here when the Tour was first proposed.  "I want to hold your hand" was number one in the last week of January of 1964.  Tonight is the Fiftieth Anniversary of the Beatles stopping off the plane on the east coast of America and first mobbed by the fans.  George Harrison was particular surprised because he was in America six or seven months earlier and their songs weren't doing a thing over here as of then.  All I remember about that weekend was more Saturday night than Sunday.  My Dad wanted to test out direct recording off the Television and he recorded a number of numbers from the "Laurance Welk Show" because my grandmother was spending the night here, and enjoyed that program, as grandmothers are wont to do.  The next day- - I guess I watched the Beatles on Ed Sullivan, but I have no specific recollection of any song- - or anything about the show.  So I'm not really the person to ask.  In terms of cosmic vibes from "The other side" this Fifty Year Anniversary has drawn a total blank there.  It's like there is no activity what so ever.  I call them as I see them.   Just to get in a little I Tunes plug in, as I did once before- - there is a new album out of 1963 Studio recordings the Beatles did that have never been released before and aren't on Anthology.  I guess if you're curious you could plop your money down for the thing.  Well, I guess you can only put new treading on an old Tire so many times.  But apparently we aren't there yet.