The US FED Has Printed Nearly $1 Trillion Since Before Presidential Election to Float US Stock Market. Financial Collapse is Inevitable with Massive US Debt
These record stock market numbers you’ve been seeing are more artificial than an Obama speech about honor. If you’ve got any way out of the financial markets, the time is now because the unsustainable money train is about to end, and you will be left with the house of cards that has been foisted by the Obama Administration:
Fed officials have been wrestling with when and how to scale back the open-ended purchase of $85 billion a month in bonds that began in September in an attempt to stimulate more economic growth.
Reid contradicts Obama who said at a press conference that Obamacare was “80% implemented,” when in truth only the Obamacare “menu” has been created. Huge reality gap:
“Max said unless we implement this properly it’s going to be a train wreck and I agree with him,” Reid said, echoing a warning delivered last month by Senate Finance Committee Chairman Max Baucus (D-Mont.).
Reid warned the federal government is not spending enough money to implement the law because of Republican opposition to ObamaCare.
“Here’s what we have now, we have the menu but we don’t have any way to get to the menu,” Reid said.
Gee Harry, serious billions have already been spent. Pretty expensive ‘menu.’ Then he decided to chew on Obama some more:
“The president is taking money, I wish we had the money just to do this on its own but he’s agreed, he’s determined he’s going to take money from some of the other things that he feels are less important in the healthcare bill and put it on letting you and others know what’s in the bill,” Reid told a caller to the show.
Then he decided to just make up some data, or is pretty optimistic about adding 20 million illegals to the rolls soon:
“I believe that a country of our size, the only superpower left in the world — it’s not right that we have 50-60 million people … with no health insurance,” he said.
Good job, Harry. We’ll see you in 2014.
Obama Administration Releases New “Pocket Budget”
The time to raise the minimum wage is not an economy when 30 million people are unemployed, taxes are going up, and the stock market is being propped up with tyrannical debt-laden machinations from the FED which will end in disaster, soon.
The House on Friday rejected a Democratic push to raise the federal minimum wage to $10.10, shooting down one of President Obama’s priorities from his State of the Union speech.
The 233-184 defeat also exposed divisions within the Democratic Party. Where Mr. Obama called for a hike from the current $7.25 to $9 an hour, congressional Democrats pushed for a $10.10 rate.
But they couldn’t muster unity even within their own ranks. Six Democrats from conservative-leaning districts voted against the wage increase, as did every single Republican who was present.