Presidential-Race.net

More than 700 banks, or nearly one out of every 11, are at risk of going under, according to a government report published Tuesday, 2/23/2010.

The Federal Deposit Insurance Corp. said that the number of banks on its so-called “problem list” climbed to 702, its highest level since June 1993.

Just 76 financial institutions were on the list in the fourth quarter of 2007.

Is that the type of change we wanted via Obama? The FDIC also reported nearly a third of the more than 8,000 lenders across the country reported a loss for the 2009 year.

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The Obama administration seeks to empower a very powerful government agency you have probably never heard of, with new and expanded powers that will have a direct consequence on every American if they are successful in their efforts to implement national health care reforms.

The Obama White House is also drunk with power and is seeking to expand the powers of government agencies to oversee and act out to affect Americans in ways that this country has never seen before.

What is the Office of Personnel and Management and why should you care?

The Office of Personnel Management, (OPM), is suppose to be an independent government agency that is charged with managing the civil service system of the federal government. If you are a federal employee then civil service laws, rules and regulations that are managed by OPM govern you. One of the main charges of OPM is to administer and oversee federal health care provided to all federal employees.

The Director of OPM is appointed directly by the president and confirmed by the Democratically controlled Senate.

Under the Democrats’ national health care scheme not only would OPM be charged with overseeing and administering federal employees health care but they will have the added charge of administering civilian federal health care as well. What does that mean? Basically, that Americans will be treated as “civil servants.” Are you starting to see the danger?

The more government seeks to control our lives the more “big brother” it gets. It will be their mission to provide cradle to grave “care” of its citizens and will doom America and its Freedom as we know it. If such a system comes to fruition, the individual becomes meaningless and the state becomes IT.

The expanded “portfolio” of OPM should worry all Americans. This little known agency will make the IRS look down right friendly if the Obama administration is successful in expanding their duties, powers and responsibilities.

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First we see the stimulus budget inflate from $709 billion to over $1 trillion.  You’ve quadrupled the deficit with this plan, AND we’ll see you cut the deficit to 1/2 of what is was before the stimulus burden?  Whaddup?  Plus you will cut taxes? 

Let’s talk “balanced budget” my friend.

In most simplistic terms, you have money coming in (plus), and money going out (minus), with a balance being pluses = minuses.  But the equality only keeps you with current status, which is ok if you start at zero.  To reduce a deficit however, you need to have more plus than minus.  Your ideal cannot be reached with the path you are on as you’re actions appear to be more like a child lacking basic mathematic skills in a candy store with $1.00 trying to buy $10.00 worth of candy.

Step back, re-evaluate, re-prioritize, make your selections, and don’t count on optimistic economic performance.  Don’t be lke G.W.B either - choose the correct metrics to monitor performance, and don’t be afraid to change direction if needed.

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While Barack Obama is slamming his opponent for anything under the sun, he’s cutting back-door deals with Automotive Big Business (you know, the ones who are getting Million$ of your tax dollars, and are now wanting even more than originally promised). And to gain that backing, you have to make promises. Once you make a promise to the Devil, he’ll make sure you pay back more than what was owed.

How do we know? YouTube poster from Louisville, KY – home of Ford’s Louisville Plant provided a video taped from the floor.

And it doesn’t stop there. Another reader indicated that in Michigan, there was an Obama telecast to Ford employees, with the Governor of that state in attendance, in person. How important to Ford was this? – they shut their plant shift down so employees could watch (a costly feat to stop production).

Guilty on all charges of cutting back-door deals.

Will this work for the UAW employees and save jobs? They’ll find out the hard way once General Motors (GM) cuts a deal to get Chrysler from Cerberus and then slash the UAW jobs of the Chrysler employees (rumored to be 35,000), and close MANY plants to keep only 3 Chrysler vehicle lines operative. But to do this, GM needs Federal money (our tax money) to help finance and close the deal.

Good for the country? I think not. Obama – the Devil in sheeps clothing.

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Michigan governor Granholm holds a hearing to see if Kilpatrick should be relieved of his mayor duties. There have been repeated requests from the city counsil that he step down or be removed.

Watch the Live feed – http://www.wxyz.com/content/video/stream.aspx

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