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Mr. Romney the charge needs to be made that the massive deficit spending of the democrats in 2008 collapsed the banking system and the evidence is in the Federal Reserve’s yearly and monthly budget records. This is what the Europeans mean when they blame America for collapsing the banking system in 2008 and the media never explains how or what Europeans mean by the accusation we collapsed or caused the world banking system to fail.

 

Barack Obama was a part of this massive deficit as a congressman in 2007 and 2008 as he is president now and has been for 3 years and 9 months. Why didn’t he fix it when he had total control by a supper majority in congress 2009 to 2010? He has no intention of fixing anything only destroying everything.

 

Here is what these federal budget documents show for 2008. $454.8 billion on deficit spending for Fiscal Year 2008 on budget deficits and an off budget deficit of $ 581.8 billion this gives us the total of $1.035 trillion for the democrats 2008 deficit.

 

First democrat budget 2008 Gross Public Debt $ 9,986.1 trillion

http://www.usgovernmentdebt.us/year_spending_2008USbn_13bs1n#usgs302

 

Last republican budget 2007 Gross Public Debt $ 8,950.8 trillion

http://www.usgovernmentdebt.us/year_spending_2007USbn_13bs1n#usgs302

 

The total democrat’s first year on and off budget 2008 deficit $1.035 trillion

 

The importance of why this matters is the dates because 70% of the $1.035 trillion in deficits happened just 5 months before the bank collapse not after.

 

Again this was done before the bank collapse not after and I believe it caused the world’s banks collapse of 2008 and not a result of it as the lame stream liberal news media and the democrat party has lied to the American people. If I wanted to destroy the American economy I would have done exactly what the democrats did do in their first budget as soon as they got control of congress in January of 2007.

 

Evidence and government reports are below as evidence to what I just said.

 

Democrats took control of congress in January 2007

 

Democrat’s first budget was from October 1, 2007 to September 30th 2008

 

Democrats first on budget deficit was $452 Billion on budget

 

Democrat’s first budget deficit including on and off budget total was $1.035 trillion.

 

This $1.035 trillion deficit did not include the bank bailout of $ 700 billion signed into law on October 3, 2008. this was after the close of the fiscal budget year ending on September 30, 2008 and would be in addition to the $1.035 trillion deficit. I have and am still hearing from the liberal and some conservative media that the bailout was the reason for the huge deficits but this was a special spending bill separate from the regular budget and was never all spent only about half was used and most has been paid back or will be. This is part of the political game of blame the banks for what the politicians did to give them cover and blame George W. Bush.

 

The average monthly off budget deficit of $ 581.8 billion combined with on budget deficits is what collapsed the banking system and $48.4 billion average in off budget deficits from May 2008 to September 2008 each month accumulative combined with the $454.8 billion on budget deficit spending is what dried up all available money in the banking system worldwide. Most of this deficit spending for fiscal 2008 or 70% happened in this five month period just before the 2008 bank collapse. This is not a theory it is from the records of monthly spending of Federal Reserve and CBO documents and hiding in plain sight.

 

Prior to the collapse the federal deficits were financed by banks and or governments of foreign countries. We didn’t start just printing money until after the banks collapsed in September 2008. The average on and off federal budget deficit in those 5 months before the bank collapse in 2008 was $140 billion a month and here we are it is September 2012 and the monthly on and off deficits have consistently averaged around $120 – $130 billion every month since May of 2008. All this happened after the Democrats got control of congress January 2007. None of this was done by the republicans and all of it was done by the liberal, progressive, socialist, democrats.

 

I would also like to remind readers of this – the entire prior year 2007 republican deficit was $161 billion for 1 year or $13.4 billion a month and all of a sudden it’s $161 billion every 40 days. This acted as a shock to the worlds banking systems and caused the world-wide banking system to collapse. If it was just our mortgage problems why did the whole worlds banking system fail? American private banks like Lehman Brothers failure by them self’s cannot dry up the world’s money supply but the Federal Reserve can and they did to finance the deficits from the democrats out of control spending. If it was just 1 bank that failed that wouldn’t cause the world-wide banking system to collapse either. It would take a world bank to collapse the system and that’s what the Federal Reserve is a world bank.

 

Here is the 5 monthly on budget deficits just before the 2008 bank collapse. This is just on budget deficits and not the off budgets that’s additional to these 5 months.

 

May 2008 Deficit -166 billion

June 2008 Deficit -33 billion

July 2008 Deficit -102 billion

August 2008 Deficit -112 billion

September 2008 Deficit -45 billion (the month of the world-wide bank collapse)

 

The total federal deficit for the period from May of 2008 to September 2008 was $ 458 billion. This is more than the entire on budget federal deficit for all of 2008 of $ 452 billion which means that up to that point we were on budget deficit nearly balanced and except for off budget spending we were up to that point of April 2008 and then an avalanche of all time record amounts of on budget and off budget combined federal deficit spending never before seen in history dried up all liquidity in the world banking system and left it broken to this day.

 

This is the on budget deficit for the 5 months prior to the 2008 bank collapse or $ 458 billion in just 5 months. Adding the average off budget deficits of $48.4 billion each month for those five months totals another $242 billion and the on and off budget the total is $ $700 billion. The close of the 2008 budget was September 30, 2008 and the bailout of TARP $700 billion was after the close of the 2008 budget year. Don’t let the media or anyone lie to you that the deficit was caused by the crash of the banking system as the banking system collapse was the direct result of the $1.035 trillion deficit spending of the democratic majority control of the senate and the House of Representatives. The democrats didn’t inherit this mess they caused it and the calendar and government records proves they caused it.

 

This is also the exact dollar amount of the 2008 bank bailout of TARP $700 billion and now we know the truth of how they came up with that number. Take notice this $1.035 trillion dollar 2008 budget deficit does not include the bank bailout of $700 billion that was special legislation and separate from the regular federal budgets in 2008 and in 2009. TARP was never part of the regular budget deficits it was special legislation and the banks have paid almost all of it back as of 2010. The reason the banks don’t complain is there in bed with the politicians and are happy to collapse the system and steal everyone’s money.

 

The Federal Reserve had to put back into the worlds banking system the money they took out of the world banking system prior to the bank collapse and that was caused from massive federal deficits of the liberal progressive democrats from May of 2008 to September 2008 and this budget was voted on according to constitutional law by April 2007 and this was 19 months before the collapse of the system. This was calculated and not an accident how can anyone spend $1 trillion by accident?

 

TARP dates and explanation of the bailouts.

http://useconomy.about.com/od/criticalssues/a/govt_bailout.htm

 

The total democrat’s first year on and off budget deficit ending September 2008 the very same month the world banking system collapsed was $1.035 trillion. I repeat this happened before and not after the bank collapse of September 2008 and then the democrats blamed republicans and the banks for what the Democratic Party intentionally did by April 2007. If I wanted to destroy America this is how I would do it.

 

http://www.youtube.com/watch?feature=player_embedded&v=CZ-4gnNz0vc

 

For those who blame Bush I say this, there has not been a federal budget produced by a president since President Eisenhower that was paid any attention by congress. As anyone who would say its Bushes fault I recommend you go back to school study some history and read the constitution as it clearly states the federal budget originates in the House of Representatives not the president’s office. The president does produce a recommended guideline for what he would like in the budget but it’s always ignored by congress. To suggest otherwise is just false information and you would be lying about the facts. Congress spends the money not the president. Read the constitution that’s what it says.

 

Take special note of the facts and the dates of this 2008 budget that was passed by April 15, 2007 or 1 year and 6 months prior to the collapse of the worlds banking system. Also the democrats did this just 4 months after taking majority control of both houses of congress in January of 2007. The normal deadline for congress to pass a budget is April 15th of each year and the budget year starts October 1 and ends September 30th if it was not intentional then what the hell was it!

 

Why hasn’t anyone in the Republican Party after 4 additional years of these intentional trillion dollars a year deficits pointed out that the Democratic Party is and has been intentionally trying to destroy America’s economy through the process of the federal budgets and deficit spending and also again using the private banking system to do it? This is being done so they can blame banks and Wall Street to give cover to the politicians.

 

The charge that all republicans running for congress and for the president’s office should make is this.

 

The democrats are trying to destroy the country economically from within the government with the massive trillion-dollar federal deficit spending year after year.

 

You have a clear choice do you want to destroy America from within or do you want America to prosper?

 

Also if the democrats are successful in their destruction of the current economic and political system the government all of its socialism goes with it the same day the existing system collapses. So the 47% on the dole will lose all government support if the system collapses. Not a scare tactic just a fact. Also the other 53% not on the dole will lose everything they have as well if the system collapses. It doesn’t matter where you put your money the collapse of the system will make you penniless if you can’t get your money out of the banks.

 

If Romney’s 47% statement wasn’t correct then why does Obama consistently pole at a 47% average? Common sense and statistics proves what Romney said was true. But the media twisted it into something he didn’t say and this is what they always do from 35 years of observation of the lame stream media. The whole Democratic Party is based on lies and if you look at their constituents is it any wonder why?

 

What the Democratic Party is doing is seditious treason by the legal description and or definition, but that part may or may not be included and left up to the person who makes that charge of treason. As the liberal progressives may try to dismiss the evidence above as a conspiracy theory and do what they do and turn the truth or facts into a fiction with the use of the word conspiracy to discredit facts.

 

The idea is to make a really big stink about all this intentional destruction of the wealth of America and let the American people decide what to do with the truth.

 

Force the liberals and the media to demand apologies and then tell all concerned I will not apologize for exposing democrats for what they have done and telling the truth about their treasonous plans to destroy America from within. (A further intentional insult) This is what Allen West does and god blesses Alan West for telling the truth. He is the bravest man I have ever come into contact with and he knows what’s going on in America and he has identified the enemy from within, the Democratic Party and the progressive communist caucus.

 

Alan West calls progressive caucus a bunch of communists. He has had the same education that I have about political economic systems and you won’t learn this in college you have to seek the truth on your own.

 

http://www.youtube.com/watch?v=dXi4l4q6Aho

 

Go have a look for yourself at the communist party USA website and compare that to the democrat’s website and then have a look at the progressive caucus and then the unions and anyone else in the Democratic Party they all look like or have the same stance as the communist party USA website. Well of course they do they are all communist just like Alan west tells us they are and McCarthy was right too.

 

http://www.cpusa.org/

 

Grab the democrats by the nose and kick them in the ass. (Romney Did) If you want to piss off a liberal tell them the truth. If you want to piss of a conservative tell them a lie. This tells it all about the liberal and progressive character.

 

Always attack and force the liberals to defend. Every answer or any rebuttal should be in the form of additional attacks using the truth which always turns liberal or progressives into raving maniacs and never defend or apologize always attack. In war and politics defending a position is an admission of defeat and weakness’. (General George Patton tactics)

 

We also have to grab the American people by the nose and lead them to the truth.

 

This is what happens when the democrats are in charge. This is the monthly employment report that shows charts of what happened to the unemployment rate as soon as the deficit spending of the new 2007 democrat majority got control and started to deficit spend like the crazy people they are.

 

http://www.bls.gov/news.release/archives/empsit_01092009.pdf

 

See the charts on page 1 just under the headline. This is before the banks collapsed not after. This shows how the employment went from 4.5% while the republicans controlled congress in 2006 and how it rapidly changes after January 2007 when democrats took majority control of congress and unemployment skyrocketed up to 6.5% prior to the bank collapse not after and eventually went over 10% unemployment.

 

http://www.bls.gov/news.release/archives/empsit_01092009.pdf

 

The more congress spent the worse the job situation got. See the charts just under the headline number. This also proves that government spending and deficit spending does the opposite of what liberal progressive democrats tell you. The more the democrat’s deficits spent the worse unemployment and the economy got.

 

The stimulus of $800 billion in 2009 did very little for permanent job creation and thus destroying the myth of government creating jobs by borrowing and spending money they don’t have. The government has borrowed or printed $7.4 trillion in just the last 5 years and the economy still stinks. As the government barrows the money it’s not in the banks anymore for the private sector to buy houses or for business to barrow for expansion and job creation.

 

I will do another page very soon showing all the specifics and naming the major players and legislation that caused the 2008 bank catastrophe and all of it comes from the Democratic Party’s legislation.

 

If you wish to contact me please leave a message. I will see it before it is posted.

 

If you are a liberal, progressive democrat don’t waste your time or mine trying to post here. I have been in the political economy for 46 years, not reading about it but living in it as a business owner and employer and your B. S. is just that to me and your lies don’t belong here.

James Garrett

 

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Employment situation report for June, 2011

 http://www.bls.gov/news.release/pdf/empsit.pdf

 As an addition to an article I posted July 7th  (Why Government spending doesn’t create jobs explained) I need to add the July 8th employment report as it further proves this July 7tharticle to be the fact and not myth as liberals would call it. You cannot get economic growth or job creation when deficit spending is sucking the country’s banking system dry by borrowing every available dollar from the banks. ($130 billion a month) The latest jobs report and last month’s proves this to be true.

 

Once again the so-called experts are surprised. If they really are experts why are they wrong most of the time?

 

The Department of Labor’s statistics came in below even the most conservative estimates and lower than May’s fairly dismal numbers. The U.S. economy added just 18,000 jobs in June, way below market expectations of at least 125,000. The weakness was particularly surprising after a buoyant report from the ADP private payrolls firm earlier this week. (ADP report is wrong more than there right)

 

There was even more disappointment with the news that the May increase was more than halved to 25,000 from 54,000 and the rise in the unemployment rate to 9.2% from 9.1%. This is the 3rd increase in a row to the unemployment rate.

 

 Even more important is the body of the report shows the total number of jobs lost in the economy for June 2011 was -445,000 not the 18,000 jobs created in the headline number that is always way off from the true total number of jobs in the economy and that’s the important number if you are looking for a job or if you seek the truth.

 

See table A-page 4 line 4 total employed same line far right column -445,000

 http://www.bls.gov/news.release/pdf/empsit.pdf

 

This is the true unemployment situation the headline number was bad enough but loosening -445,000 in the total number of jobs is a catastrophic loss of jobs.

 

Comparing this to prior month of June 2010 the total number of jobs added in one year

 June 2010 = 139,092,000

June 2011 = 139,334,000

 In this one year period the country has only added 242,000 jobs in 1 year period and including self-employed changes made in January of 2011

 

This total number of jobs in prior reports since January 1 2011 is also a diluted number because department of labor and statistics started adding self-employed to that jobs number in January of 2011 see January report release Feb. 3, 2011 top of page 4

http://www.bls.gov/news.release/archives/empsit_02042011.pdf

 Revisions: The change in total non-farm payroll employment for April was revised from +232,000 to +217,000, and the change for May was revised from +54,000 to +25,000.

 

The claim the liberal fringe news media is making of B.O or the democrats creating 2 million jobs since the economic recovery act in 2009 cannot be found anywhere in these reports. It doesn’t add up in the headline numbers or in the body of any of these monthly employment reports over the last 2 years. It’s obvious to me there just making the 2 million new jobs up for political reasons and they know the general public doesn’t have a clue of how to check these numbers or read these reports and most people are just not interested until they lose their job.

 

Employment situation report march 2009. See page 2 line 2 of the monthly data total number of jobs

March 2009 140,887,000  (the economic recovery bill was passed)

March 2010 = 138,905,000  this shows a loss of 1,982,000 jobs 12 months later.

June 2011 = 139,334,000 July 8th 2011 employment report release for June 2011

Lost 1,553,000 total jobs since the economic recovery bill. (See all URLs at bottom)

From the time the economic recovery bill was passed in 2009 at the very beginning of BO as POTUS we have lost 1,553,000 jobs. The most important point is the reason for this lack of economic growth to create private sector jobs is there has not been one single thing done from January 2009 and up to July 8 2011 that would actually help the private sector economy create jobs. There’s been nothing more than a lot of talking about job creation with no actions that would result in any real job creation from BO or the liberal Democratic Party.

What the BO administration and the democratic party has done is pass heavy regulation on all industries in America to control business the exact same way as the socialist nazis under Hitler and the socialist fascists under Mussolini planed to control their economies under socialism.

Go read some history on how these dictators Hitler and Mussolini planed to control their model of capitalism under socialism and that’s exactly what the BO and the democrats have done and are doing here in America for the past 4 ½ years since January 2007 when the democrats took control of the house and the senate by majority.

Democrats don’t believe in democracy they believe in dictatorship, it is and was their style of governance the whole time they were in charge by a supper majority. The democrats idea of democracy is you get to elect your dictator. Their actions prove this to be the fact not political rhetoric, just fact by observation.

Don’t forget that when the democrats controlled the house and the senate they did in fact ignore the majority of the people and ran the country exactly like a dictatorship. They still do as they still control the senate and the presidency. Republicans now controlling only the house can stop them from doing further damage but cannot undo the damage already done.

Employment situation report march 2009. See page 2 line 2 of the monthly data total number of jobs

140,887,000

http://www.bls.gov/news.release/archives/empsit_04032009.pdf

Employment situation report march 2010, one year later. See page 4 line 4 monthly data total number of jobs.

138,905,000 This shows a loss of 1,982,000 jobs, no gains as the media reports.

http://www.bls.gov/news.release/archives/empsit_04022010.pdf

Employment situation report for June, 2011

 Lost 1,553,000 total jobs since the economic recovery bill in 2009

http://www.bls.gov/news.release/pdf/empsit.pdf

Notice that is doesn’t matter what employment report you pull up and examine they almost all show a loss in the total number of jobs in the economy for the last 27 months. The truth is we never came out of the recession. What the public is being told is all political driven and there is very little truth in anything the news media reports as all of them just parrot the news from other media.

I like fox news but for some time now I have noticed there not much different from other media and most of what they talk about is of little importance and its all for a distraction from what is important. It’s really saying something when you can get 10 times better news from twitter then you can from Fox news. Now that Glenn Beck is gone fox is becoming useless to me. Fox is more like a drama program rather than a news station.

 

 

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There are several very large holes in the story that the country has created 2 million jobs since the $1 trillion stimulus package passed in March of 2009 just after Obama took office. I will point you to the actual government reports as the information is hiding in plain sight so you can see proof for yourself. We don’t have 2 million jobs since the stimulus package was passed. The truth is we are minus 1.1 million jobs.

If government deficit spending really worked, why is the private sector economy still shrinking once you inflation adjust and take away the deficit spending? We have 1.1 million fewer jobs now than we did 2 years ago. Have a look for yourself and see table one the total number jobs. This is what $4.3 trillion in deficit spending on top of $1 trillion in a job stimulus bill does for job creation and its negative not positive. This is what deficit spending has done for job creation a loss of 1.1 million jobs since March of 2009.

THE EMPLOYMENT SITUATION: (MARCH 2009) see Page 2 , line 2 in Table A. Employed

140,887,000

http://www.bls.gov/news.release/archives/empsit_04032009.pdf

THE EMPLOYMENT SITUATION –MAY 2011 see Page 4  line 4 in Table A. Employed

http://www.bls.gov/news.release/pdf/empsit.pdf

139,779,000

That’s a total job loss of 1.1 million not a gain of 2 million as the liberal fringe news media keep repeating. Once again it’s a lot worse than they are reporting and once again it’s political to make B.O. and the liberal Democratic Party look good. The point here is the American people are being deceived intentionally by everyone in government at all levels. You’re not supposed to recognize this.

In addition to the above numbers they are also counting self-employed people who were never counted before in the total jobs number and that makes the real employment situation worse than the numbers show. This started back in January 2011 and that’s where they came up with 700,000 new jobs that were not new jobs at all and again it is for political reasons to make B.O. and the liberal Democratic Party look like there economic policies are working but there not.

The proof of adding the self-employed can be found in the January 2011 report. See direct link below, read it at top of page 4 of the report.

Changes to Household Survey Data

Effective with this release, two additional data series—”Self-employed workers, unincorporated” and “Self-employed workers, incorporated”—have been added to table A-9  (This is copy and pasted directly from the report) Also notice the word changes, for those that would argue this, it is a change to the way the count the total number of jobs. That’s what change means.

http://www.bls.gov/news.release/archives/empsit_02042011.pdf

They are counting self-employed as employees now. This does show up in the body of the reports month over month you can see it if you look at total employed the number are way off from the headline numbers. Look back at monthly reports October to January reports Summary table A. Household data, seasonally adjusted and you will see big differences in the headlines and the body of the reports that were showing huge job losses in November and December of 2010 while the headlines were showing job gains.

I figure the self employee would falsely dilute the employment numbers by about 1 million added jobs of the self-employed because that was never counted before.

1 year after the $1 trillion stimulus jobs bill

March.2010

http://www.bls.gov/news.release/archives/empsit_04022010.pdf

March.2010 1 year ago and 2 months and 1 year after stimulus bill.

138,905,000

MARCH 2009 (here we are still down 1,982,000 jobs from 2009 to march 2010)

140,887,000

In the last 26 months and $5.3 trillion in total deficit spending later and we are still minus 1.1 million jobs even after they add the self-employed that were never counted before. So what is the true number of the employment situation? I can get a total but we have to do a very complicated investigation of the December total number of jobs and my educated guess is roughly 2 million jobs lost since March of 2009 and not 2 million jobs gained but here is the proof

December 2010

139,206,000 million

May 2011

139,779,000 million

I would say all of 573,000 jobs added from December 2010 to May 2011 (5 months) are all the bogus self-employed being added. Starting in January 2011 and adding to the total jobs number and very possibly a lot more if the economy is actually loosing jobs.

I watch the monthly reports and I never look at the headline numbers. I always look at the total number of jobs because of the way the department of labor figures their employment numbers the headline numbers never shows a clear picture of the true employment situation.

Here is why: If you’re not looking for a job you’re not counted as unemployed. if you don’t qualify for unemployment you’re not counted as unemployed. If your unemployed and not getting unemployment befits you’re not counted. Even know you are unemployed if your unemployment has run out you’re not counted as unemployed.

We are very near 1.7 million jobs lost since March 2009 using what the reports show. What I believe by adding the self-employed has diluted the numbers dramatically from their true state. The true number of job losses in a lot higher. 2 years and 6 months on the road to nowhere in Obama land.

The true unemployment situation will show its ugly head in the July 8th 2011 report and hold on to your wallets when it does come out bad.

My main point in all this is no matter how much money the government spends there is no short-term or long-term jobs creation. The only thing it does is pump up the total number of dollars spent or wasted into the economy and gives a false gross domestic product number. If all whom are involved in the decision process are using bogus numbers to make decisions they are guaranteed to make bad decisions based on the false information and we will never get out of this self-created mess.

Every year 1.2 million people reach the age to join the work force but there are no jobs this recession started December 2007 or 11 months after the democrats took control of congress. It has been 3 years and 5 months since this recession started. That’s 4 million people and their most likely not counted as unemployed either because they could never find work. McDonald’s only hired 27,000 so far.

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