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American Spring

Obama Continues To Use Nazi Germany As His Template For Socialist Victory In America

Reneging on its debt obligations would make the U.S. the first major Western government to default since Nazi Germany 80 years ago. Germany unilaterally ceased payments on long-term borrowings on May 6, 1933, three months after Adolf Hitler was installed as Chancellor.

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Obama’s Groundhog Day nightmare for the American people

For four years now, we have been telling you and telling you, over and over, the astonishing parallels between the rise of Adolf Hitler and the rise of Barack Obama. We mapped out 13 similarities between Hitler and Obama that make our case clearly and concise. Now Bloomberg today puts out a story that Obama’s government would be the ONLY nation since Nazi Germany to declare default. Are you surprised…not even a little? Didn’t think you would be. Germany’s past is America’s future.

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Like the Germans and Jews of 1933 Germany did with Hitler, we today in America are watching the rise of Barack Obama’s machine. The only question is, did we learn anything from history or are we it’s next victims?

From Bloomberg: Reneging on its debt obligations would make the U.S. the first major Western government to default since Nazi Germany 80 years ago.

Germany unilaterally ceased payments on long-term borrowings on May 6, 1933, three months after Adolf Hitler was installed as Chancellor. The default helped cement Hitler’s power base following years of political instability as the Weimar Republic struggled with its crushing debts.

“These are generally catastrophic economic events,” said Professor Eugene N. White, an economics historian at Rutgers University in New Brunswick, New Jersey. “There is no happy ending.”

The debt reparations piled onto Germany, which in 1913 was the world’s third-biggest economy, sparked the hyperinflation, borrowings and political deadlock that brought the Nazis to power, and the default. It shows how excessive debt has capricious results, such as the civil war and despotism that ravaged Florence after England’s Edward III refused to pay his obligations from the city-state’s banks in 1339, and the Revolution of 1789 that followed the French Crown’s defaults in 1770 and 1788.

Failure by the world’s biggest economy to pay its debt in an interconnected, globalized world risks an array of devastating consequences that could lay waste to stock markets from Brazil to Zurich and bring the $5 trillion market in Treasury-backed loans to a halt. Borrowing costs would soar, the dollar’s role as the world’s reserve currency would be in doubt and the U.S. and world economies would risk plunging into recession — and potentially depression.

Senate Talks

Senate leaders of both parties are negotiating to avert a U.S. default after a lapse in borrowing authority takes effect Oct. 17, even as senators block legislation to prevent one and talks between the White House and House Republicans have hit an impasse. Democratic lawmakers said Oct. 12 that the lack of movement may have an effect on financial markets. After Oct. 17, the U.S. will have $30 billion plus incoming revenue and would start missing payments sometime between Oct. 22 and Oct. 31, according to the Congressional Budget Office.

Serial Defaulter

Germany, staggering under the weight of 132 billion gold marks in war reparations and not permitted to export to the victors’ markets, was a serial defaulter from 1922, according to Albrecht Ritschl, a professor of economic history at the London School of Economics. That forced the country to borrow to pay its creditors, in what Ritschl calls a Ponzi scheme.

“Reparations were at the heart of the issue in the interwar years,” Ritschl said in a telephone interview. “The big question is why anyone lent a dime to Germany with those hanging over them. The assumption must have been that reparations would eventually go away.”

While a delinquent corporation may go out of business, be broken up, sold to a competitor, or otherwise change its shape, sovereign defaulters are different. Weimar Germany deferred payments, stopped transfers, reformed the currency and wrote down debt, wringing a series of agreements from its creditors before the Nazis repudiated the obligations in 1933.

It took until the 1953 London Debt Agreement to lay to rest the nation’s reparations difficulties, essentially by postponing any payments until after reunification in 1990 of East and West Germany, according to Timothy Guinnane, Professor of Economic History at Yale University in New Haven, Connecticut. The U.S., eager to ensure Germany was a bulwark against communism, pressured creditors to agree to debt relief, according to Guinnane.

‘Economic Strain’

“The U.S. was not being generous or magnanimous in the London Debt Agreement, it rarely is,” Guinnane said in an e-mail. “Rather, it understood that if Germany was forced to repay all the debts it technically owed, it would put the new Federal Republic under intolerable political and economic strain.”

Payments on about 150 million euros ($203 million) of bonds issued to fund reparations ended in October 2003, according to the Associated Press.

After sovereign defaults and before a nation is allowed to borrow again, some sort of repayment is typically made, Carmen Reinhart and Kenneth Rogoff wrote in their 2009 book on sovereign bankruptcies “This Time Is Different.” While Russia’s Bolshevik government refused to pay Tsarist debts, when the country re-entered debt markets it negotiated a token payment on the debt, according to the book.

Germany, France

Germany and France have both defaulted eight times since 1800, according to Reinhart and Rogoff. While Germany was sufficiently big and strategically important to be helped to peaceful prosperity by its creditors, default typically doesn’t end well for smaller nations.

Serial defaulters Argentina and Greece have retained political, if not economic independence. The Latin American nation failed to meet its commitments five times since 1951 and in 2001 gained the record for the largest-ever restructuring, a distinction it held until overtaken by Greece in 2012. Argentina’s bondholders are still pursuing the nation through the courts.

Including 2012, Greece has defaulted six times since 1826, three years before it gained independence, and has spent more than half the years since 1800 in default, according to Reinhart and Rogoff.

The biggest emerging-markets defaults in the past 15 years illustrate the cycle of contagion that typically marks sovereign debt crises.

Russian Restructuring

Russia halted payments on $40 billion of local debt in 1998 after oil, its main export, plunged 42 percent amid a global economic slowdown triggered by the Asian financial crisis. By the time it devalued the ruble and defaulted that August, the government had drained about half its foreign reserves and made an unsuccessful bid to increase the $22.6 billion international aid package it had received.

Russia’s debt restructuring prompted investors to pull out of emerging markets, plunging Argentina into recession. By December 2001, when the South American country halted payments on $95 billion of bonds, the economy had contracted three successive years, cutting into tax revenue and pushing foreign reserves down to almost a six-year low.

Those defaults took place because events had rendered the nations insolvent, something that doesn’t apply to the U.S., said the LSE’s Ritschl. “The only situation that really parallels the U.S. situation at present is the U.S. situation,” he said. “There’s really no doubt about the solvency of the U.S. Treasury.” source – Bloomberg

American Spring

Today Marks The 17th American Mass Shooting Since Obama Became President

Obama’s 4 and one half years of occupying the desk at 1600 Pennsylvania Avenue hide a sinister statistic – America has had 15 mass shootings since he became president, and today’s massacre at the Navy Shipyard now brings that total to 16.

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A most unusual legacy for the “peace president”

*This story was originally published on September 16th, 2013, and has been updated with this weekend’s mass shooting.

When you add up the numbers, a very disturbing picture of Obama’s presidency begins to unfold. He was elected as the “racial uniter”, the Nobel Peace Prize president who was going to “stop the rise of the oceans” and “heal our planet.”

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Watching Obama shed a tear seems about as natural a thing as John Travolta’s hairline

Yet his 5 and one half years of occupying the desk at 1600 Pennsylvania Avenue hide a sinister statistic – America has had 16 mass shootings since he became president, and this weekend’s shooting in California now brings that total to 17. And since this is a list of shootings only, it does not include the Boston Bombing Massacre that Obama used to roll out martial law for a 24-hour period in Boston.

How do you explain that?

A list of the 17 American mass shootings since 2009:

May 23, 2014 — University of California, Santa Barbara— 7 dead (including gunman). A drive-by shooter went on a nighttime rampage near a Santa Barbara university campus that left seven people dead, including the attacker, and seven others wounded, authorities said Saturday. President Obama, as of this writing, has not issued an official statement or comment on the shootings.

September 16, 2013 — Navy Shipyard, Washington— 10 shot and wounded (including gunman). Gunfire was reported fired at approximately 8.20 a.m. and police SWAT teams entered building number 197 at the base headquarters in an attempt to apprehend the shooter who is reported to be armed with an AR-15 assault rifle. President Obama gave an emotional address, calling for “meaningful action”

Here are the other 15 shootings since 2009:

December 14, 2012 — Newtown, Conn. — 27 dead (including gunman). The shooting at Sandy Hook Elementary on Friday was the second-deadliest school shooting in U.S. history, leaving 27 dead — including 20 young children. President Obama gave an emotional address, calling for “meaningful action”

September 27, 2012 — Minneapolis, Minn. — 7 dead (including gunman), 2 injured. Andrew John Engeldinger, a recently laid off employee of Accent Signage Systems, entered the office building and opened fire(No public comments from the president.)

August 5, 2012 — Oak Creek, Wis. — 7 dead (including gunman), 4 injured. White supremacist Wade Michael Page entered a Sikh Temple, opening fire on congregants. He later shot and injured a police officer responding to the scene.

July 20, 2012 — Aurora, Colo. — 12 dead, 59 injured. During a midnight screening of “The Dark Knight Rises,” a gunman opened fire on the suburban Denver movie theater, killing 12 and injuring dozens of others. Two days later, Obama delivered a ten-minute speech from the University of Colorado that made no mention of gun control.

May 31, 2012 — Seattle, Wash. — 6 dead (including gunman). A man opened fire in a cafe, fatally wounding four people, then killed another in a carjacking before killing himself.
(No public comments from the president.)

April 2, 2012 — Oakland, Calif. — 7 dead.
 A former student of Oikos University, a Korean college, entered a building on the campus and shot repeatedly at random targets. (No public comments from the president)
February 22, 2012 — Norcross, Ga. — 5 dead (including gunman). A man shot and killed two of his sisters and their husbands and then himself in a Korean health spa. (No public comments from the president.)
October 12, 2011 — Seal Beach, Calif. — 8 dead, 1 injured. Scott Evans Dekraai, 41, stormed a hair salon where his ex-wife worked and killed eight people.
(No public comments from the president.)
January 8, 2011 — Tucson, Ariz. — 6 dead, 14 injured. Jared Lee Loughner, 22, opened fire in a Safeway parking lot, killing six people and injuring others including U.S. Rep. Gabrielle Giffords, who was shot in the head at point-blank rangeTwo months later, Obama addressed gun control issues in an op-ed for the Arizona Daily Star
10). August 3, 2010 — Manchester, Conn. — 9 dead (including gunman), 2 injured. A driver for Hartford Distributors killed eight people and then himself in this workplace shooting. (No public comments from the president.)
November 29, 2009 — Parkland, Wash. — 5 dead (including gunman). A Washington man walked into a coffee shop and shot four police officers execution-style(No public comments from the president.)
November 5, 2009 — Fort Hood, Texas — 13 dead, 30 injured (including gunman). In the deadliest shooting to ever happen on an American military base, an Army Major serving as a psychiatrist went on a shooting spree that killed 13.
April 3, 2009 — Binghamton, N.Y. — 14 dead (including gunman), 4 injured. Jiverly Wong, a naturalized immigrant from Vietnam, gunned down students and employees at the American Civic Association, where he had been taking English lessons.
March 10, 2009 — Geneva County, Ala. — 11 dead (including gunman), 6 injured. A 28-year-old man killed his mother then drove ten miles to kill several members of his extended family, neighbors and a bystander. The victims ranged in age from 18 months to 74 years old. (No public comments from the president.)
March 29, 2009 — Carthage, N.C. — 8 dead, 3 injured (including gunman). A gunman opened fire on a nursing home, killing seven residents and a nurse. (No public comments from the president.) source – HuffPost
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American Spring

America Under Obama Coming Apart At The Seams

America is unraveling at a stunning speed and to a staggering degree, thanks to Obama. This decline is breathtaking, and the prognosis is dim.

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Now The End Begins

When NTEB started in back in 2009, one of our mission statements was to call attention to the betrayal of America by her leaders. Today’s story from the prestigious National Review agrees with us 100%.

America is unraveling at a stunning speed and to a staggering degree. This decline is breathtaking, and the prognosis is dim.

For starters, Obama now rules by decree. Reportedly for the 27th time, he has changed the rules of Obamacare singlehandedly, with neither congressional approval nor even ceremonial resolutions to limit his actions. Obama needs no such frivolities.

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“That’s the good thing about being president,” Obama joked on February 10. “I can do whatever I want.” In an especially bitter irony, Obama uttered these despicable words while guiding French president François Hollande through Monticello, the home of Thomas Jefferson — a key architect of America’s foundation of limited government.

That very day, Obama decreed that the Obamacare mandate for employers with 50 to 99 workers would be postponed until 2016 (beyond an earlier extension to 2015), well past the November 2014 midterm elections. This eases the pressure on Democrats, whose campaigns would suffer if voters saw their company health plans canceled due to Obamacare’s unnecessary, expensive, mandatory benefits — e.g. maternity coverage for men.

So, by fiat, Obama has postponed the employer mandate. When Senator Ted Cruz (R., Texas) effectively tried to do this through legislation last fall, Democrats virtually lassoed and branded him.

Also by decree last week, Obama decided unilaterally to soften political-asylum rules. Refugees and other immigrants who provide terrorists “limited material support” now can come to America. So what if someone merely clothed and fed Mohamed Atta or Khalid Sheikh Mohammed? After all, garments and meals don’t blow up. Welcome to America, Mustafa!

Meanwhile, the Justice Department is working hard to revoke the asylum of and deport the Romeikes. This evangelical-Christian family was granted refuge in America to escape prosecution for homeschooling their children, which German law forbids.

So, Obama believes, those who are only somewhat helpful to deadly, anti-U.S. terrorists may become Americans, while religiously oppressed homeschoolers who face prison should get the hell out.

The transparent electoral motive that fuels so many of Obama’s executive orders seems unprecedented. The tone is also brand new. Obama’s predecessors have signed executive orders and, more or less, left it at that. But Obama pounds his chest as he does so. As he told Congress at last month’s State of the Union address: “America does not stand still — and neither will I. So wherever and whenever I can take steps without legislation to expand opportunity for more American families, that’s what I’m going to do.”

While appalled Republicans sat on their hands, Democrats stood up and shouted like equatorial, rubber-stamp parliamentarians: “Hooray! We are irrelevant!”

Chilling

Meanwhile, as the American Enterprise Institute’s Marc Thiessen wrote in the February 10 Washington Post, new Congressional Budget Office figures show that Obamacare will reduce U.S. incomes by $70 billion annually between 2017 and 2024. The CBO also estimated that by 2021, Obamacare’s disincentives to hire and incentives not to work would slash labor hours by the equivalent of 2.3 million jobs.

Rather than dispute these figures, key Democrats embraced them.

“We want people to have the freedom to be a writer, to be a photographer, to make music, to paint,” said House Democratic leader Nancy Pelosi of California. She added that “people would no longer be job-locked by their [health] policies, but have the freedom to follow their passion.”

So, rather than expand economic growth and jobs, Democrats applaud as Americans stop working — to do watercolors, draft poetry, and take naps — while exhausted taxpayers foot the bill.

Clearly unafraid of Obama, Iranian warships for the first time are steaming toward America’s Atlantic maritime borders. Iranian Revolutionary Guards Corps navy commander Ali Fadayi said, “The Americans can sense by all means how their warships will be sunk with 5,000 crews and forces in combat against Iran and how they should find its hulk in the depths of the sea.” Tehran last week also aired fantasy videos of drones blasting a U.S. warship and bombing Tel Aviv. This is how Iran behaves while it negotiates with U.S. diplomats over “peaceful” uranium enrichment?

Nearby, embattled Syrians flee the city of Homs while they and their United Nations protectors dodge incoming mortar shells. This sorry spectacle has exposed Obama’s Syrian policy as a miserable flop. So does the fact that Syrian president Bashar Assad has handed over only 4 percent of the chemical weapons that his deal last September with Obama and Vladimir Putin was supposed to neutralize. According to GOP senators John McCain of Arizona and Lindsey Graham of South Carolina, Secretary of State John Kerry privately conceded to them that Obama’s approach in Syria has failed.

America liberated Afghanistan from a regime that hosted al-Qaeda, banned kites and recorded music, and built a bridge to the seventh century. And what thanks does the U.S. get? Over American objections, Afghan president Hamid Karzai last week released 65 Taliban warriors from Bagram prison, where they were being held on suspicion of killing American troops, murdering Afghan civilians, deploying roadside bombs, and otherwise perpetrating mayhem. When U.S. officials complained that these killers couldreturn to the fight — as have other Taliban thugs, once freed — Karzai exploded: “If the Afghan judicial authorities decide to release a prisoner, it is of no concern to the U.S. I hope that the U.S. will stop harassing Afghanistan’s procedures and judicial authority, and I hope the U.S. will now begin to respect Afghan sovereignty.”

For these and many other reasons, Democrats are fleeing Obama. “I don’t care to have him campaign for me,” said Senator Mark Begich (D., Alaska).

A reelection ad for Representative Joe Garcia (D., Fla.) boasts that “he voted to let you keep your existing health plan, and he took the White House to task for the disastrous healthcare website.”

“He [Obama] is hurting the Democratic brand right now,” veteran Democratic campaign strategist Joe Trippi told Fox News Channel’s Megyn Kelly on February 12. “The Obamacare snafus, his approval rating is declining, and his credibility problems all drag the Democratic brand down.”

Rather than resist an increasingly weak — yet ever more assertive — Obama, GOP congressional leaders hand him whatever he wants. Thus, House speaker John Boehner and Senate GOP chief Mitch McConnell of Kentucky pushed through a $1.012 trillionbudget with, at best, minuscule and illusory spending cuts. A $956 billion farm bill includes $3 million to promote Christmas trees (who on Earth would buy them without federal assistance?), $100 million for maple-syrup market research, and $170 million for catfish protectionism. Boehner and McConnell sent Obama this gift-wrapped monstrosity, which was $56 billion higher than Obamacare’s original price tag. And in exchange, Obama gave them . . . zippo!

On February 12, Boehner and McConnell helped send Obama a measure to suspend the debt limit until March 15, 2015. (The debt ceiling was not raised from $17.2 trillion to a higher level; it simply was removed. The gas pedal remains in Obama’s Little Red Cor-debt, but the brakes are gone.) This passed the GOP House with Boehner and only 27 Republicans voting yes. The other 194 votes were from Democrats. When McConnell surrendered on cloture, 11 other Republican senators helped Democrats advance their dirty work. The debt ceiling is now a debt sunroof.

And what did Washington’s top two Republicans get for giving Obama 13 months to shop till America drops? Nothing! No repeal of Obamacare’s $47 billion bailout of health insurers. No approval of the Keystone XL Pipeline. No termination of the cure-killing medical-device tax. No votes on these matters, which would have forced Democrats to choose. This could have helped Republican candidates in November.

Steely resolve could stymie the unpopular and untrustworthy Obama. Sadly, Boehner, McConnell, and other GOP leaders are as firm as foil.

“Republicans are giving up because they know that winning is impossible when their leaders are determined to lose,” the Senate Conservatives Fund stated. “These leaders have telegraphed weakness to the Democrats and sabotaged conservative efforts so many times that Republicans now have no leverage.” The group concluded: “John Boehner must be replaced as Speaker of the House. . . . Unless we install a new leader who will actually go on offense, Democrats will never fear us and we will never have any leverage.”

Also, Earth’s sole superpower is sagging where it should be No. 1. America has slouched to No. 12 on the 2014 Heritage Foundation/Wall Street Journal Index of Economic Freedom.

“Now considered only a ‘mostly free’ economy, the U.S. has earned the dubious distinction of having recorded one of the longest sustained declines in economic freedom, second only to Argentina, of any country in the [20-year] history of the Index,” the reportstates. “The U.S. is the only country to have recorded a loss of economic freedom each of the past seven years.”

Regarding graft, America has stayed stable in Transparency International’s Corruption Perceptions Index. Unfortunately, and as recently as 2013, the U.S. has remained Earth’s 19th most honest country.

Thanks, in part, to Team Obama’s surveillance of journalists from Fox News Channel and the Associated Press, America tumbled 13 spots down Reporters Without Borders’ 2014 World Press Freedom Index. The U.S. dropped this year from No. 33 to No. 46. Hence, 45 nations now have freer journalists than does America. RWB calls America “satisfactory” rather than the top-rated “good.” As the report states: “Amid an all-out hunt for leaks and sources, 2013 will also be the year of the Associated Press scandal, which came to light when the Department of Justice acknowledged that it had seized the news agency’s phone records.”

America is a total mess

The Land of the Free is governed by an out-of-control egomaniac, neither bolstered by managerial competence nor hindered by the legislature’s institutional prerogatives. In the Home of the Brave, half of Congress cheers Obama’s unconstitutional behavior, while the other half grumbles and then meekly carpet-bombs his path with white flags.

The American people have been betrayed — both by Obama and the Democrats, whose lust for control intensifies daily, and by Republican leaders in Washington, whose cowardice and defeatism have turned their guts and spines into tapioca.

America, as Paul Simon sings, is slip-slidin’ away. And the worst part hasn’t happened yet. source – NRO

 

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American Spring

A Race-Obsessed Obama Blames Skin Color, Not Policy, For Low Approval Rating

“There’s no doubt that there’s some folks who just really dislike me because they don’t like the idea of a black president,” Obama said in the article by David Remnick, appearing in the magazine’s Jan. 27 edition.

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In Mr. Obama’s highly-distorted view of the county over which he is the president of some of the people, his job performance could never be the reason why people dislike him. Never mind that he is currently presiding over the NSA Spying Scandal, the IRS 5013C Against Conservatives scandal, the Fast and Furious Gunrunning Scandal, and the Benghazi Cover-up scandal, all of which were created either directly or indirectly by him and his administration. His massively unpopular attempt at American Marxism, aka Obamacare, is so unpopular that Nancy Pelosi screamed at the top of her lungs that “it’s not called Obamacare, it’s the Affordable Health Care Act!!”.

Yet, in the midst of all this political stupidity, gross incompetence and New World Orderism, Mr. Obama can only see the color of his skin as the reason why less and less people like him.

Bloomberg: President Barack Obama said that racial tensions may have softened his popularity among white voters within the last two years, according to a story posted on the New Yorker magazine’s website today.

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There’s no doubt that there’s some folks who just really dislike me because they don’t like the idea of a black president,” Obama said in the article by David Remnick, appearing in the magazine’s Jan. 27 edition.

“Now, the flip side of it is there are some black folks and maybe some white folks who really like me and give me the benefit of the doubt precisely because I’m a black president,” Obama said in his most direct comments on how race has affected his political standing since he’s been in office.

Obama’s second term has been marked by controversies including a partial government shutdown in October, revelations that the National Security Agency has gathered personal mobile phone data and the troubled rollout of health-insurance expansion.

Obama’s approval rating among all voters is 39 percent and his disapproval rating is 53 percent, according to a Gallup Poll conducted Jan. 14-16. In the 2012 presidential election, Republican candidate Mitt Romney won 59 percent of the white vote, compared with Obama’s 39 percent, according to exit polling by a consortium of major news outlets. Obama won 43 percent of the white vote in 2008 against 55 percent for opponent John McCain, a Republican senator from Arizona.

Obamacare Blamed

“Poll after poll makes it very clear that Obamacare and other job-killing policies are the reason” for the president’s decline in popularity, Republican National Committee spokesman Sean Spicer said in a phone interview today.

Obama offered reflections on a variety of subjects in the New Yorker story, including his view about the dangers of playing professional football, which has been the subject of media scrutiny over players’ head injuries.

“I would not let my son play pro football,” the article quotes Obama, the father of two daughters, as saying. When asked by Remnick how those dangers squared with his enjoyment of the game as a spectator, Obama said professional players are aware of the inherent risk in playing a full-contact sport.

Like Smokers

“They know what they’re buying into,” Obama said. “It is no longer a secret. It’s sort of the feeling I have about smokers, you know?”

Obama acknowledged that reports of U.S. surveillance programs, including allegations that the government tapped German Chancellor Angela Merkel’s mobile phone, had created a “breach of trust,” Remnick reported.

Obama said he also assumes others are trying to spy on him, and for this reason he doesn’t have a phone, according to The New Yorker.

He said, “there are European governments that we know spy on us, and there is a little bit of Claude Rains in ‘Casablanca’ — shocked that gambling is going on,” the magazine quoted him as saying, referring to the actor who played the police captain in the 1942 movie. source – Bloomberg

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