RSS Feed for This PostCurrent Article

“G-20 Ends US Economic Sovereignty”

This is a disturbing, important video about what Obama did to this nation on April 2nd, and I am COUNTING ON YOU to give us feedback. (While Mr. Morris is not one of my favorite persons - his obsession with dissecting the Clintons has marred his credibility at times - when he discusses other topics, it is clear why many, including Hillary Clinton (yes, it was she who brought him to the White House), have hired him for his advice, his insights, and his ability to see trends and to read polls. He is a very smart man who’s a curious thinker, an invaluable attribute in an adviser. His curiosity alone sets him apart from the incurious D.C. media mavens.)

G-20 Ends US Economic Sovereignty

OF NOTE: Too many blogs, particularly the Hillary-friendly blogs, would never publish a Dick Morris video, solely because of what he’s said about Hillary and Bill. I think that that is a mistake. Let’s leave such strict censorship to the Daily Kos crowd. I’m willing to listen to anyone whose commentary strikes a chord within me, or at the very least raises highly important matters that — sigh — our media do not cover.

I didn’t know that Morris does videos. Here is the link to his YouTube channel.

Mr. Morris’s blog contains more interesting thoughts, including these recent posts:

  • OBAMA, GM: YOU BREAK IT, YOU OWN IT (right on, Dick!)
  • OBAMA’S WORST JOBS-KILLER,” published April 1 in the New York Post:

    More than anything else, business needs a predictable environment if it is to create jobs. Changes in the regulatory environment and the tax code make it almost impossible for businesses to make investments.

    Yet President Obama seems to ignore this reality. Each day’s news brings another bold and far-reaching proposal to change the fundamentals of the US economy. And each time he indulges his personal ideology with such a pronouncement, businesses all over the world cut back on their planned investment until the dust settles.

    Most incredible was the fact that he chose the middle of a deep recession to announce a major tax-code overhaul. …

  • OBAMA SOAKS THE RICH: CHURCHES, DAY CARE, HOMELESS SHELTERS,” printed March 28th:

    President Obama’s glib assertion that his reduction in tax deductions will not reduce donations is absurd. His pathetic defense at his press conference - that he would still give a $100 dollar check to charity even if he only got $11 less of tax deduction from it was both disingenuous and beside the point.

    And his comment that his reduced deduction would only impact one or two percent of the nation misses the point that it is these folks who are doing almost half of the donating.

    In 2006, the most recent year for which data is available, four million taxpayers had adjusted gross incomes of $200,000 or more. They comprised 3% of the tax returns, made 31% of the income, but donated 44% of all charitable contributions. Together, they provided charity with $81 billion in that year. …

You can’t say we’re not eclectic in what we post here, eh?

Trackback URL

RSS Feed for This Post34 Comments »

Comment by Ani | 2009-04-04 01:04:35

No matter how I may feel that Dick Morris is a horrid man in certain respects, I think this is good to post here, too — if only to open it up to legitimate debate. I think he makes some valid points here.

Mostly I am uncomfortable with Obama using the same tactics that Naomi Klein describes in her book “Shock Doctrine” to ratchet up fear and distraction to ram his agenda through. Nor do I care for his standing is Strasbourg and calling America arrogant. Our leadership is arrogant, as was the last crew as well. Jamming legislation and policies down our throats that many did not want.

Comment by elise | 2009-04-04 03:43:47

There were ways to let the G20 know they were dealing with a different administration, but the words Obama chose are self defeating and frightening. I loath Dick Morris. He was right in there punching Hillary with the rest of them and he was so short-sighted, he couldn’t see the way his game would play out. He was blinded by hatred then, but he is making some valid points and I hope people listen. Obama spoke of Europe being anti-American, but in the weeks after 9/11, they were our greatest friends. Then he goes there and lectures to them as though they were children just as he lectured AAs about personal responsibility which enraged Jesse Jackson. Then he lectured us on being arrogant (and we are sometimes) and his eating humble pie fools no one since he is the most arrogant of all. I wonder how many of the leaders at the meeting are now snickering at his lack of sophistication and pondering the best way to take advantage of the situation.

Comment by adagioforstrings | 2009-04-04 18:02:27

“but in the weeks after 9/11, they were our greatest friends”

That’s not entirely true. There were a number of dyed in the wool anti-Americans who cheered on Al Qaeda’s attack on the US:

A bully with a bloody nose is still a bully

If anti-Americanism has been seized, temporarily, by forces that have done dreadful things in its name, there is no reason for its adherents to retreat from its basic precepts. America is the same country it was before September 11. If you didn’t like it then, there’s no reason why you should have to pretend to now.

The anti-American dream

In the anti-American corner stands the liberal left - notably, the New Statesman periodical and various columnists for the Guardian newspaper. These arguments hinge on the idea that America is getting some kind of comeuppance for decades of aggressive foreign policy

There were a plethora of such anti-American articles after 9/11. My hypothesis as to why the US MSM didn’t report them (aka censored them), is that by doing so, the US MSM could then pretend that all anti-US sentiment was in repsponse to Bush’s policies versus European xenophobia.

Comment by andrew191 | 2009-04-04 18:35:10

Thankyou adagio,

The idea that it was Bush that whipped up anti-American sentiment was a manufactured myth. Most of the countries and people that harbor ill will for this country have always done so, and always will, unless the U.S. can be dragged down to their level. Bush has done more than any one man in the World to fight AIDS in Africa; how much good will or gratitude did that get him?

Up until very recently, the U.S. has been the shining beacon of liberty, the best promise of hopes fulfilled, and the envy of the World. That kind of status causes resentment and jealousy. Those are sentiments that are encouraged by leaders of other countries to keep their citizens satisfied with miserable regimes and lifestyles. It’s an attitude best summed up with the fabled term “Sour grapes”.

 
 
 
 

Comment by so saddened | 2009-04-04 01:10:11

thanks for the video. no longer allow so-called news or political talk of any sort to darken my tv screen, so only see this stuff on the net.

agree re morris’s anti-clinton bias reducing his opinions to sub-garbage level when they have something to do with the clintons. but, like you, have found his opinions are often spot on when no clinton-related issue muddies the waters.

he’s right about the horror of the skinny one’s actions at the g20. not only the fsb mentioned here, but his other actions/statements as well.

imho, the most frightening phrase the skinny one utters is “new world order.” and it’s even more frightening that the phrase is repeated in a positive way by the lunatics who think the skinny one will lead them to nirvana.

Comment by oowawa | 2009-04-04 08:19:00

If there is not a New World Order, Obama will not be able to take his rightful place as Emperor of it. First things first. And “first things” is weakening the independent spirit of feisty nations who like to make their own decisions, like the USA. For this agenda, establishing a central world authority for regulating finance seems like a logical first step.

 
 

Comment by politicalidentitycrisis | 2009-04-04 01:12:03

I hate Obama. period. There is no way that Americans will let him continue to destroy this country. No way.

Comment by sowsear | 2009-04-04 01:25:22

Wish we could rely on that. Look where over half of the voters led us.

Comment by graceinpa | 2009-04-04 09:35:58

He not only has over half of the voters, he has almost 100% of the media. That is what is very very scary. How can the voters know how he thinks if the media doesn’t tell them? The internet works for us, but most of America gets it’s news from the MSM.

 
 
 

Comment by politicalidentitycrisis | 2009-04-04 01:17:15

I’m sorry, but does Morris look happy about this? Why is it these bozo’s often don’t seem shocked by this crap, nor do they seem unhappy. Imagine how many of us would look loaded for bear if we were reporting this.

Comment by Ani | 2009-04-04 01:25:07

Well, I wonder how many of them are crying into their beer right now that they spent so much time discrediting Hillary, thinking that Obama was the “weaker” candidate and therefore, more beatable.

Morris’ CDS notwithstanding, Hillary certainly gained the respect of many republicans who I am sure would feel better if she were at the helm than Obama.

Well, they got what they said they wanted. Wonder how Rush feels about his “Democrat for a Day” plots.

Or, are they all thrilled because they think this will ruin the Democratic brand for many years to come and they can come roaring back in the next election?

Comment by sowsear | 2009-04-04 01:28:12

The Democrats don’t plan on letting go. They will change the Consitution or ignore it. They will salt the census; the media will swear to it, whatever it is.

 

Comment by lauraks | 2009-04-04 02:31:42

I don’t know I think the republicans are acting like they’ve been sucker punched by the guy.

I’m beginning to think the media is actually afraid to criticize him. My goodness he is keeping score with all the democrats who handed him his power on a silver platter.

From an objective standpoint I find it impossible to believe the country collectively will allow itself to go down the drain.

Watching his Paris performance today and his photo op with the Queen I’m filled with disbelief. I opposed him for so many reasons but his lack of seriousness is his most dreadful deficit.It actually appears to be nothing but a game to him.

Instead of the hallowed change we can believe in there is a toxic quality to all of this.

 

Comment by L | 2009-04-04 10:25:14

I noticed Hillary noding her head in agreement
with the Great One at one of his town halls in
Europe. I think she is on board with him all the
way and in my eyes she has been diminished
greatly eventhough I supported her early on.
She sold her soul in my estimation or never had
the one I thought she had in the first place.
Sad.

Comment by Anon | 2009-04-04 10:53:25

I am so sick of the glorifying of Hillary. She bent over, grabbed her ankles and signed on as a prominent and proud member of his team. She is right up there with the rest of them. And if she had been the nominee, that one would have been her VP. A politician through and through. I have lost any shred of faith in her too.

Comment by mira | 2009-04-04 17:00:48

Agreed. I think Hillary Clinton was in on the game from the very beginning it was all a sham, not an election. Watch the ‘Obama Deception’ on youTube.

 
 
 

Comment by adagioforstrings | 2009-04-04 18:15:34

“Well, they got what they said they wanted. Wonder how Rush feels about his “Democrat for a Day” plots”

I believe that Rush started his Operation Chaos after the Republican Presidential Primary was over. His objective was to have Republicans vote for the underdog in the Democratic primary to make Democrats spend money in their primary so they would have less money to spend in the general election. Ironically, by the time McCain garnered the Republican ticket, Hillary was behind Obama, so Rush was encouraging people to vote for Hillary. I don’t believe that Rush ever encouraged people to vote for Obama, but it was simply because Obama was leading Clinton by the end of the primaries:

Mississippi, ‘Limbaugh Effect’ Softens Blow for Hillary Clinton — Hillary Clinton suffered a huge defeat last night in Mississippi, and now faces an insurmountable pledged delegate lead by Barack Obama. But what most pundits missed was the fact that Obama’s victory would have been even more overwhelming in Mississippi (and he might have won the popular vote in Texas) if not for the ‘Limbaugh Effect’: Republicans voting in the Democratic primary in order to undermine Barack Obama and help John McCain

 
 
 

Comment by andrew191 | 2009-04-04 01:42:40

With the G-20 dissaster, 0bama may have ushered in Worldwide fascism. This is the inevitable result of the intentional left wing destruction of an educational system that has now fostered a society too stupid to prevent a Capitalist hating bastard like 0bama from becoming President. Welcome to the Cowardly New World.

 

Comment by TeakwoodKite | 2009-04-04 01:50:27

If I can listen to BO on occasion, Dick is no worse and a truth is where you find it.

Since I am not finding it with BO, who by his own mouth has become irrelevant faster than a downtown number one, as you stand waiting for the local, then the adults might get a word in edgewise.

SusanUnPc, our sovereignty was lost when we allowed CIFIUS to sell out our ports and technology and transportation sectors (to name a few). No enforcement of laws, no borders allowed defense. Above all else, our Constitution has been shredded worse than the US flag I just replaced.

What I find interesting is when a person becomes pre-disposed to the IV drip that is spun to look like hope.

So how much was our sovereignty worth?

 

Comment by cynic | 2009-04-04 02:07:14

Changes in the regulatory environment and the tax code make it almost impossible for businesses to make investments.

No, Mr. Morris. Uncertainty makes it almost impossible.

It has never been more obvious that changes in the regulatory environment are absolutely essential. Given what has happened in the current regulatory environment, who exactly are small investors and and business people still willing to trust? We’ve been robbed by the very people we once trusted the most.

The same could be said of the tax code. Change is essential. Who among us believes that in all its byzantine complexity, any degree of fundamental fairness exists?

Changes are needed. The sooner changes are be made, the sooner the uncertainty about them will cease to be a factor.

Comment by elise | 2009-04-04 03:17:58

The nationalization of investment banks over a short term to establish regulations appropriate to the economic crisis may be necessary if the rules are enforced, cynic, but this goes so far beyond that concept.

“Given what has happened in the current regulatory environment, who exactly are small investors and and business people still willing to trust?”

This is exactly the point. Hedge funds are being given government loans under Geitners/Obama’s plan to buy bonds covering the toxic assets they helped to create. This means if the economy turns around, they will profit from their malfeasance and if it doesn’t, they will lose nothing and taxpayers will be left holding the bag. And this is only the beginning. When does the transparency begin? The Treasury can now force a private company to replace it’s CEO, choose the next one and even force the company to take bankruptcy. Forced restructuring has happened in the past, but nothing like what is happening now. In Obama’s speech in France today, in principle, he turned over our position as the leader in the global economy to the EU. You may not have a problem with that, but just consider the two fastest growing economies in the world: China and India. And consider the fact China owns 22% of the US debt. Will the EU and China be making deals together to resolve our debt. OPEN YOUR EYES BEFORE IT’S TOO LATE.

 
 

Comment by Mr.Murder | 2009-04-04 02:48:12

Renowned embezzler Ahmed Chalabi and the INC of London laundered the trail of war lies. Strangely enough the international banking crisis emerges from the same circle of influence and the same city.

How many bailout dollars are going his way?

 

Comment by indiedogg | 2009-04-04 03:02:14

I have a lot of recently minted, dear to me (and even more precious because of their scarcity), friends here so please don’t bite my head off for saying this, but….

As much as we all yearn for something or someone (other than ourselves, gee, there’s a psych session begging to happen) to champion as our champion….

I’m just saying….

Even the Clintons are not perfect.

Admirable in many ways, flawed in others but, in the end, human, and not perfect.

Dick Morris has his own issues but perhaps we should look upon all commentary based on its merits, or lack thereof, and not bring to our analysis a mind predisposed one way or the other based on which uniform the commenter might be wearing, or might have worn in some other game, long since over.

We have some very big fish to fry (and, in my view, some very dangerous fish to hook, scale and fry).

All hardy souls with bait, hook and pole, are welcome to the task.

Comment by TexasMirth | 2009-04-04 03:15:01

We have some very big fish to fry (and, in my view, some very dangerous fish to hook, scale and fry).All hardy souls with bait, hook and pole, are welcome to the task.

Agreed! What’s ahead requires our full attention.

Comment by oowawa | 2009-04-04 08:36:19

I am afraid we may be thinking of going fishing for Leviathan, after he has already swallowed us. And as for fishing? The phrase from Jaws comes to mind: “You’re going to need a bigger boat.” And to continue merrily twisting metaphors, we may be the fish, already sizzling in the pan. Are we ready to try to jump into the fire?

 
 

Comment by Sonic Ninja Kitty | 2009-04-05 10:19:53

Indiedogg, very well put. I agree.

We have to be careful of idolization. That’s what got Obama where he is. We must base our opinions on facts.

 
 

Comment by I'm a Linda too | 2009-04-04 11:09:02

Wow. This news is amazing. Apparently Obama thought he could get away with agreeing this and saying it’s only “advisory”, like his signing statements.

Obama apparently thought he could give this with hopes they would stand by additional stimulus and spending (which they don’t support) and their support to expand war in Afghanistan.

They told him. They said, we support your efforts in helping Afghanistan, but we do not support increase of Military troops.

So, Mr. inexperienced Obambi, how do you feel? PM Brown is happy, he got out of the hot seat for following similar princciple and you basically, the European Leaders didn’t embarrass you by walking out.

That’s some ego you got!

 

Comment by I'mFedUp | 2009-04-04 12:23:56

Fraudo is letting us get our ass kicked by other countries, is showing our weakness, and behind the scenes going along with this New World Order bullshit. His handlers want it, but people are begging him not to let this happen. My feeling is that we are done. Dick Morris is one of the smartest people out there. I don’t remember what went on with him and the Clintons but I remember posting something by Dick Morris here once and I literally got swooped on by posters about it. I don’t care where the truth comes from. These people are right and they are blowing the whistle on the Fraud’s plans for us. Not pretty.

Comment by WMCB | 2009-04-04 12:34:43

Morris is really smart, and logical, unless he is speaking of the Clintons. When he does, you can see the mental change - he suddenly stops being reasonable and speaking from his head, and becomes deranged and speaking from some other crevice. It’s a personal blind spot of his, based on personal anger over personal things.

It sort of reminds me of how Lou Dobbs is perfectly sane and reasonable until he starts talking about Mexicans, then he sort of loses it and goes all wild-eyed. Not that he doesn’t have some valid points, but that he is weirdly emotionally unbalanced and crazy-zealous on that one particular issue. Otherwise he’s logical.

I listen to Morris because he is very smart and very savvy and knows his shit - unless he is speaking of the Clintons, then I roll my eyes at him and take it with a huge-assed salt lick.

 
 

Comment by mountainaires | 2009-04-04 14:11:13

Morris is on his ideological soapbox here, flogging the loss of sovereignty of the US, and hinting that we’re all europeans now. Okay, I get the sinister message–a right-wing message so don’t be fooled–that european socialism has arrived.

I agree that Obama is an internationalist instead of a nationalist, and that he has a socialist worldview [while taking money from big banksters of course].

I think Morris is making much ado about nothing here. Relative to our economic situation, which is dire, and being covered up by Obama and Geithner and Bernanke, is our sovereignty even worth worrying about anymore?

Our government is committing fraud; they’re in a conspiracy to cover up our true economic situation. They’re not prosecuting those who committed felony banking fraud. They’re taking our money to save those felons. And, we’re worried about France dictating their bonuses? C’mon.

http://market-ticker.denninger.net/archives/932-Wheres-My-Pitchfork.html

 

Comment by mountainaires | 2009-04-04 14:26:15

Do you really want to know what came out of the G20? Read below.

China positioning its currency for a run at world supremacy
By Don Lee
April 3, 2009

http://www.latimes.com/business/la-fi-yuan3-2009apr03,1,1808437.story

Meanwhile, back at the “Homeland” Ranch:

Bankruptcy Filings by Businesses Increase 78% in First Quarter
By Bill Rochelle

April 3 (Bloomberg) — Bankruptcy filings by larger companies liquidating or reorganizing in Chapter 11 in the first quarter rose 78 percent from the same period a year earlier and almost tripled from 2007 as the U.S. was mired in the 15th month of a recession.

Almost 131,000 bankruptcies of all types were filed in March, the most for any month since 2005, when Congress erected barriers to individuals looking to rid themselves of debt.

Filings increased 9.2 percent in March over February, according to data compiled by Automated Access to Court Electronic Records, a service of Jupiter ESources LLC in Oklahoma City. March bankruptcies rose 38 percent from a year earlier and 79 percent from 2007.

The surge of filings in March “suggest that earlier estimates of 1.4 million to 1.5 million cases in 2009 should be revised to somewhere in the 1.5 million to 1.6 million range,” said Mike Bickford, president of AACER, a bankruptcy data and management service. If Bickford’s high estimate proves correct, 2009 filings would exceed 2008 by about 45 percent.

Public companies filing for bankruptcy or reorganization through March 31 had a combined $101 billion in debt, according to a report earlier this week by Bankruptcydata.com. That’s almost ninefold higher than the $11.7 billion in the same period last year.

More…

http://www.bloomberg.com/apps/news?pid=20601087&sid=aLROV2IZttVg&refer=home

$1 trillion hit to pensions could cost taxpayers, workers
Published: Friday, April 3, 2009 at 10:15 a.m.
Last Modified: Friday, April 3, 2009 at 10:15 a.m.

SANTA FE, N.M. — Massive investment losses sustained by public pension funds are pressuring state lawmakers from New Mexico to New York to spend more taxpayer money to shore up their programs, boost the retirement age for newly hired government workers and seek more from employee paychecks.

Pensions need $270 billion in additional contributions over the next four years, and more than $100 billion annually for two decades hence, according to the Center for Retirement Research at Boston College.

The pension trouble is just one more economic challenge for states. Income and sales tax collections are dropping fast as unemployment rises. Jobless benefits funds are running dry, requiring federal borrowing. And because of substantial budget holes, states are cutting back on a wide range of services, including child care subsidies for low-income families and aid to public schools, and in some cases laying off workers.

But as bad as the budget picture looks, it is dwarfed by the size of the gaps in states’ pensions, which have collectively lost at least $1 trillion as financial markets swooned over the past year. Public pensions cover about 14 million state and local employees and paid out almost $163 billion to seven million retirees in 2006-2007, according to the Census Bureau.

Because pensions involve long-term obligations and investments, there’s no immediate risk that states will be unable to pay retiree benefits. But replenishing pensions could squeeze states for years to come, forcing lawmakers and governors to juggle their spending priorities — pitting pensions against schools, colleges, health care, prisons and other government services.

More…

http://www.gmanews.tv/story/155555/1T-hit-to-pensions-could-cost-taxpayers-workers

 

Comment by AnneinPA | 2009-04-04 18:22:50

I’ve read quite a few books by Morris some of which were about the Clintons, mostly about Hillary.
Even though there is an anger there towards all things Clinton, resulting from being a fired advisor, he has in
all fairness said some positive things about them.
His book, Hillary vs. Condi written some years
ago concluded that Hillary could only be defeated by
a black woman in the presidential election. His points in the book where an outline of what Obama did. Since reading that book and seeing him on Fox frequently, I think he does have some great insights.
Even though I have been a HRC supporter for a long time I do think he has been right about a lot of White House policies and future happenings.

 

Comment by Babs | 2009-04-05 00:44:41

I’m a Democrat, but right now the people I always listen to on the cable TV news shows just happen to be Republicans, or Conservatives, or right-leaning Independents, whatever. How weird is that? When Democrats come on, I immediately hear the spin, the abject lies, the same talking points I just heard ten times before, the rationalizations that everything they’re doing is because of George Bush, on and on. Dick Morris makes sense to me, as does Pat Buchanan, and I never miss Newt or Karl Rove, even though just 2 short years ago I couldn’t stand either one of them. Guess this probably isn’t the “change” Obama would like to hear about.

 

Comment by Brian | 2009-04-06 21:51:20

I have sat here every night thinking “Could it get any worse?” Answer: A resounding yes. I just wonder looking at the US in it’s current state… What in the hell was I fighting for? Why did I dedicate Years of my life to the service of this country, if everything I believed in, and hoped for could just vanish withing 73 days? Where are we going? Are we going down a road that we can stray from in the future, and do we want to see where that road leads? I hope that the people of this country will figure out that we are headed to a dangerous place. The people that I have talked to lately either look at me doe eyed, or say “why should I care, I can’t do anything about it.” That is scary.
We are losing our country and my countrymen are unwilling to do anything about it. Sometimes I feel like I am the only one who cares. If I am not, please tell me, because I feel very lonely.

 

RSS Feed for This PostPost a Comment

Name (required)
E-mail (required - never shown publicly)
URI
Your Comment (smaller size | larger size)