Saturday, November 13, 2010

F*ck President Barack Obama. The man is worthless.

I am a Republican. But I supported Barack Obama in the last election. And also supported him since he was elected, until yesterday.

F*ck President Obama. He's a failure. And it irritates the crap out of me.

It's the financial issues that have me so irritated at our President. Wall Street Bankers almost brought down our entire economy. But did any of them get punished? Did any of them have to pay back the egregious compensation they collected while wrecking their companies and almost destroying our economy? Hell no. And it's President Obama's fault. He sits on his ass and does nothing about bringing to justice those who screwed our nation.

And how are we going about repairing the damage done to our economy? We're executing on a strategy of holding down interest rates, egregiously enriching the very bankers who delivered this mess to our doorsteps. They borrow from the Fed at next to nothing and invest all day long in risk free US Treasury securities, collecting big profits and massive bonuses. All the while, these low interest rates are punishing the responsible among us who try to save. We're paid next to nothing on our savings, while bankers grow rich. And when we need to borrow, we have to turn to the very Bankers who screwed us. They lend to us at outrageous rates relative to the rates our tax payer supported institutions lend money to them. It's just insane. The irresponsible get rewarded. Hard working, responsible Americans continue to have a boot on their neck.

And now, we've got quantitative easing headed our way. Paper assets and commodities are being bid up across the board. The rich grow richer, while middle class America, with their wealth primarily parked in depreciating homes, suffer mightily.

And the gap between rich and poor continues to grow by the day. Shareholders still don't have the power to put a stop to egregious corporate pay. The rich in our country continue to pay 15% income taxes on their vast investment wealth while the working stiff, making significantly less, pay taxes at significantly higher rates. Stock options act as a continual erosion of our pension wealth. High frequency traders pick away too, with equal consistency. And the SEC continues to sit on its lazy asses and accomplish absolutely nothing to put a halt to all this theft perpetrated on middle class America. The game is rigged. And our President has not lifted a finger to address one damn thing to level the playing field. And now, we're learning our weak President intends to cave and allow tax cuts to also be extended to the wealthiest among us. We're simply saddled with a loser for a President.

So, why did it take until yesterday to get me irritated enough to turn my back on this loser? Our President is weak. He went to the G-20 meeting and had his head handed to him. He stood there and allowed the world to laugh in his face. His pathetic attempts at getting China to stop pegging the Yuan to the dollar were the straws that broke the camel's back. I am just damn tired of waiting for our President to grow a backbone and get aggressive about solving problems and punishing those who created this mess in the first place. Enough. I've simply had enough.

I'm with Charles Ferguson, President Barack Obama is nothing more than a Republican in sheep's clothes. F*ck him. I can't wait until the next election. I'm looking forward to participating in the effort to kick his sorry tail out of the White House.

My attitude toward Republican Senator Richard Burr has not been altered though. Not a bit. Our Senator delivered this economic mess to our nation. He's a worthless, POS, mental midget.

North Carolina deserves better than Republican Senator Richard Burr.

1 comment:

  1. Thanks for taking the time to write this. I'm certainly not a math or finance whiz but even I can sort of see what is happening and I'm disgusted and appalled. Don't hold your breath waiting for common sense to descend on the nation. If we haven't been able to catch the drift during the past 30 years, I don't think an epiphany is in our future. Welcome to the third world.

    Jay in N.C.

    *Yep, Obama isn't quite as bad as Bush but he still is pretty much useless.