Obama takes cronyism to a new level surpassing George W. Bush

In the midst of the worst “depression” since the 1930’s, President Obama, already considered a puppet of big business and discredited as a real president, has used $17,000,000 in stimulus money to create jobs. But not as you would expect!

It appears that the president’s wife has a brother.

The First Lady’s brother just happens to be Craig Robinson, basketball coach at Oregon State University. He is, of course, related to the President by marriage.

Obama’s Undersecretary of Education, Martha Kanter, upon learning of the termination of the President’s brother-in- law, was immediately dispatched by Obama to the University with a check in hand for $17,000,000 to give to the University’s Athletic Director, Bob DeCarolis, so that Robinson could retain his job!.

And, yes, the president’s brother-in -law is still employed.

It all goes to show that stimulus money can save jobs -- but only if you are related to the president!

Change ? - What Change?

The Obama administration has promised to change the way Washington does business, yet its business as usual on the hill, with NO change in site.

The latest challenge to this fledgling administration is a health care system that covers more Americans, but remains the same. A dichotomy, oh yes! How do you change something and yet keep it the same?

So far the score is Banks (3) US (0), Insurance companies (2) US (0), leaving a question unanswered, when do “we” get to win?

The lobbyist, who can only be characterized as a contamination surrounding our elected officials, run the administration, whose financial support, as this author continues to explain, is the funding process for the campaigns for public office, as long as we have lobbyists, promoting corporate interests, bribing our public figures, we will never have meaningful change in Washington, indeed we will not have meaningful representation in any office under either the united States or any state government.

This administration is very predictable. So far Obama has shown his ability to take a position then dance the fox trot, slightly to the left then to the right then to the center, making a small transition away from the promised change, while maintaining the status quo. Yet the people, the mainstay of the Democratic party, in their imagination, believe he has done something, I question what? Yes there has been legislation passed, but what has been accomplished that is a meaningful variation from the status quo? I suggest nothing!

Regarding the Banks: Obama has now pledged more than 12 Trillion dollars to reward the Banks for committing FRAUD, by which they caused a melt down, not only the finances, but also the edifies of American retirement benefits, and, there were NO strings attached. Meanwhile these same banks that defrauded the American consumers continue to foreclose on American property owners. Forcing some 1,416,902 people into bankruptcy for the year ended December 31, 2008.

The “New” Bankruptcy law enacted under Bush prevents most Americans from discharging Credit Card Debt, a Law prepared by the Banking interests. Under Obama the Credit Card Bill of rights was passed, with NO teeth to make a difference, why? Because this bill was also promoted by the “Lobbyists” and gifts of financial support was promised to our talented legislators. I say talented because “we” elect and pay them to represent our adversary.

The bank support Bills are nothing more than a political SCAM, Obama places in charge of fixing the problem the very people that created it, these same people “Timothy Geithner appointed Secretary of the Treasury, by Obama, with Obama’s knowledge, employs a Wall street Lobbyists, Mark Patterson, as his chief of staff. This duo, Geithner-Patterson, then employ ‘wall street” purveyors to handle the payment requests from the Banks. Meanwhile mortgage Interests rates begin to raise, as fewer people can even qualify for a home loan, because their Jobs are in question, the economy having lost more than 6 Million Jobs since the beginning of last year. Home prices continue to slide, Oil continues to rise as Wall Street bids up the price of Oil Futures, and many of us continue to watch TV, Football, Baseball, and American Idle, oblivious to the reality, living in the luxury of illusion. As our country self destructs under the weight of its own corruption.

$14 Trillion and Still Counting

The Scam that the banking industry ran from 2003 through 2008 under the authority of the George W. Bush Administration has actually cost the American taxpayers presently more than 60 Trillion Dollars. This does not include lost home equity, savings accounts, 401Ks and other retirement accounts and stock values, and which is still counting. So far, the Obama Administration has managed to guarantee nearly 14 Trillion Dollars of taxpayer money, all of which has been earmarked for the banking system and their insurance carriers such as AIG. This sum is only 20% of the funds necessary to salvage what is left of the most corrupt business in the world, Banking.

While we finance Bank of America, JP Morgan Chase and the other corporate controllers (who all have offshore subsidiaries, registered in the Isle of Man, a tax heaven, for the wealthy, that pay NO taxes to the US Government) they are paying lobbyist over 45 Million Dollars (from our money) and providing senators millions more in contribution money to kill any meaningful oversight of this industry and to defeat all bills that would benefit the taxpayers and borrowers (the very people who have been harmed by the bankers deception, e.g. making loans they knew the borrower would not be able to repay).

Warning, be careful of their media allies, and stewards, they will attempt to take our attention from the real issues and refocus us on red herrings, such as additional Bonuses at the Banks and AIG, these are not the issues, these are distractions! The real issue is that the Banks committed the omnipotent Fraud, a deception so extreme that it caused them to collapse under its weight.

Obama’s student loan program, just one of many affecting the Banks has generated the reprisal of the banking interest, who themselves receive a generous interest rate and a safety net by disallowing these obligations to be discharged in Bankruptcy. They have amassed an army of lobbyists with one aim, kill any legislation aimed at them or their profits.

Where are our lobbyists? Where are the people who are concerned about our welfare?

During his campaign in the fall of 2008, President Obama made a promise to the American people: to remove lobbyist influence and wasteful spending from Washington, yet as this article is written, it is still business as usual on the hill.

Over the next decade, the government could save tens of billions of dollars simply by eliminating the FFEL program and other college tuition and grant programs by cutting out banks as middlemen. The money that is saved can instead be invested in expanding Pell Grants, offering tuition tax credits, and launching college completion programs for any student who needs it.

However, it is unlikely that lenders, who make large profits from our current lending system, will go down without a fight. And they intend to win as usual. Already, bankers and lenders who are completely opposed to President Obama's initiatives are hiring additional lobbyists as they strategically plan to fight back against the Obama Administration. They have already captured at least 12 democrats and all of the republicans in the senate, and they have unlimited funding, our money!

Its time to wake up!

Jack Ferm has written several books which can be downloaded from his web presence at www.usjusticefoundation.org - they include: “Goliath Must Fall”; an expose of the Banking system and the media, “Project MKUltra”; the CIA mind control project, and “Into the Darkness”: an expose of the Bush family.

The Banks Want Your Home!

The financial world has gone completely insane! A state of panic shivers throughout the entire system as borrowers, once in default who have managed to come up with the money to take their property out of foreclosure, are learning that the banks don’t want the money they want the home. In Las Vegas, Nevada, we have such a case. The borrower fell behind some $27,000 because his employer went out of business, he finally obtained another job and borrowed the money from a relative to bring his mortgage current, he paid the bank in this case, Wells Fargo, brought them current, and made three additional monthly payments. Then he found a few weeks later that the bank returned his money in a cashiers check (from Wells Fargo) and notified him they were foreclosing on his home.

The stunning reality of this is, the financial industry is proving to the world that it is an irresponsible industry that needs strong supervision. Ideally, the Banks should be nationalized and completely controlled as Alan Greenspan suggests. Generally, I do not agree with Greenspan, but in this case, I do. This is the only way to end the madness and stop the accelerating volume and velocity of foreclosures. However, this will never happen, as the banks are the primary funding source for the elections of the members of Congress and all political offices. If nationalized, party contributions would be “illegal”, and Congress would be compelled to become an honest branch of government. By maintaining the madness, the same old system goes on and on, and change will never occur.

We live in interesting times some of us are old enough to have lived through two major depressions, both under the watch of the Federal Reserve System, perhaps it is time to rethink who is allowed to control the money of our country. The fed was organized for two purposes, (1) the lender of last resort, and (2) to obtain full employment, it has accomplished neither. Supply and demand dictates with full employment, Labor controls Management, with 4% percent and higher unemployment however, Management controls Labor as such the Fed supports big business and not middle class America.

President Obama, this message is for you. You promised us change, yet we see in Washington business as usual!