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Monday, November 18, 2013

By Michael Mccune: The Rant (US Government auditor for 16 years In Cheyenne, WY. -Health Care Trouble Hides Major Economic Disasters Coming From Obama - (( to Have Michael send you the Rant to your Email contact Him Here (( mccrant@gmail.com))

Health Care Trouble Hides Major Economic Disasters Coming From Obama
Golly Goodness! Barack Obama goes in front of the TV cameras and "apologizes" for the problems with Obamacare and all is right with in the, rather his, world.
 
By giving yet another revamp to this miscreant Act, is Obama once again forgetting his Senate Majority Whip's repeated statements to any proposed Republican effort to alter the bill with the "It's the Law of the Land!" Why is it the Law of the Land working in only one direction? That isn't a law, that's despotism.
 
Obamacare isn't the point today. That is merely the headline grabber of the moment. The real disaster this Administration has cooked up comes in two parts and is still waiting to hit American businesses and individuals even harder than Obamacare.
 
This President has always pushed his green agenda. Many states that supported him at the polls are finding green comes at a real price. Iowa is one of those states.
 
Green technology would be wonderful--if it could compete economically with fossil fuels. The President and his EPA cronies fear global warming so much they have attacked anything that brings carbon dioxide into play. Too bad for us low-lifes that must live under this dictator. The EPA has affixed blame to carbon dioxide when that is not the culprit. 
 
But one of the areas then-candidate Obama first visited in 2007 was Iowa. He promised the corn-growing state vast riches as he projected ethanol as a central part of his war on global warming. In this mistake he was ably abetted by sitting Republican President George W. Bush who had just signed into law an act requiring oil companies to add billions of gallons of ethanol to gasoline supplies each year.
 
Despite its heavy reliance on corn crops, not all of Iowa is suited for growing corn. But this didn't stop the farmers from trying to cash in on the green movement.
 
Plowing for dollars via corn has had more of a negative impact on the environment in the Hawkeye State than the ill-fated toxic residue from solar panel construction and the bird-killing wind turbines has had elsewhere. But all of these efforts have been not only been approved by the Administration but subsidized with truckloads of taxpayer dollars.
 
The over-eager corn growers have plowed under 15 million acres previously set aside in Iowa as conservation land. The effort has polluted water supplies with fertilizers and destroyed wildlife habitat. 
 
But the Obama Administration seems willing to accept these definitively un-green results in a push for more green technology. The Administration has gone so far as to squelch any government official who dares to tell the truth about this nefarious "rape" of the land.
 
Doug Davenport, a U.S.D.A. official who encouraged Iowa farmers to practice real conservation on their lands, admitted to the Associated Press the results of ethanol chasing "caught us completely off-guard." Shortly thereafter he received an email from his superiors to shut-up. The email read "we want to have a consistent message on this topic."
 
This is honest? Maybe not, but it definitely is what we've come to expect from this Administration. Anyone not conforming will be burned at the stake. The Administration will chase the biofuel experiment at all costs--even if it means destroying the environment it wants to protect.
 
So parts of Iowa now resembled moonscapes where non-suitable farming acreage was plowed and the rains washed away the thin soil. The erosion is devastating to the area. Which spot will be next in the search for ethanol?
 
The second part of the equation is the economic storm building from the Fed's various intrusions into the economy recently. The designer of the QE efforts, Andrew Huszar, wrote an op-ed piece in the Wall Street Journal. The WSJ put the piece in Monday's Veteran Day edition.  
 
Huszar starts off his piece succinctly: I can only say I'm sorry America. He then details the horrors of this program which has done none of the things it was intended to do.
 
The biggest disaster for Main Street was Wall Street and the Big 6 banks slurped up every drop of the Fed's unrelenting fiat-printing run and provided none of the cheaper loan rates to "help America" survive the recession's effects. This surge in Wall Street allowed the Administration to do one very big thing. Officially, because of Wall Street's resurgence, the 'recession' was over in mid 2009.
 
So the Fed backed off the first round of QE and immediately the markets went into the tank again. After the markets dropped 14%, in mid-2010 QE2 was introduced and the markets have soared ever since.
 
But the dirty little secret was revealed by Huszar in his mea culpa. Remember the Administration gloating about the "return on investment"? That was the TARP money. QE money is being used against the average American. And the Fed has printed over $4 trillion of the funny money. Every Monopoly game should have that luxury.
 
The strongest negative about the Fed's intervention was given by Huszar midway through his apology.
 
"We [the Fed] were working feverishly to preserve the impression that the Fed knew what it was doing."
 
Working feverishly to preserve the impression? Is that what the American economy hinges on, an impression? This $4 trillion printing experiment has added an estimated .25%, that's a quarter of one percent, to the U.S. economy meaning about $40 billion has trickled down to Main Street. There's that penny to a dollar bet the old adage talked about.
 
Wasn't the Occupy movement all about "getting back at the 1%? This program made the 1% much wealthier and severely widened the gap between the haves and the have-nots because 99% stayed with the 1% and the 99% is making do with just 1%. Isn't that the exact opposite of what the President said he wanted? 
 
Both the Occupy group and the Fed's policies were approved, applauded and crowed over by the Administration--just like the green technology. Both have been disasters but, the media have not reported the real facts about either program. The Administration has not had to field a single question this year about either program in White House press briefings.
 
The money in your pocket has been reduced in value by almost 2/3rds since Obama took office. Our dollar is close to being replaced as the world's benchmark because the rest of the world can no longer trust us.
 
That U.S. economic collapse is getting closer. Combine that with the regulatory nightmare coming from the EPA not to mention the insidious environmental disaster that will have to be addressed in the heartland of America and the picture gets even worse for a still struggling Main Street.
 
When will our tyrant publicly apologize for those missteps? Obamacare, as bad as it promises to be, is a mere boil on the rump of the other two engineered disasters coming right at us.
 
"I have sworn on the altar of God eternal hostility to every form of tyranny over the mind of man."--Thomas Jefferson
 
Information for today's article came from Associated Press, "The Secret Environmental Cost of the US Ethanol Policy" 11-13-2013 and the Wall Street Journal's "Confessions of a Quantitative Easer", 11-11-2013

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