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Guest Post: Obama Will Lose In 2012
Submitted by Charles Hugh Smith from Of Two Minds
Obama Will Lose in 2012
Predicting that Obama will be a one-term president is easy: Americans vote their pocketbooks.
There is nothing remotely ideological or personal in my prediction that President Obama will lose the 2012 election. Both parties are equally out of touch with reality in my view, and both suppport the same things: a global Empire, an increasingly intrusive Savior State, a shadow banking system which is no longer under the control of State institutions (rather, the banks control the institutions), and various crony-capitalist cartels which fund political campaigns and partner with the Central State's bloated, unaccountable fiefdoms. The only visible difference between the two parties is slight variations in the relative growth rates of the most-favored cartels and fiefdoms.
President Obama seems like a nice guy. Many people said the same thing about George W. Bush. While a likeable personality is a plus in a media-obsessed society, American elections boil down to this: Americans vote their pocketbook, and their pocketbooks will be a lot lighter by November 2012.
President Obama has several key flaws which have doomed his presidency.
1. His leadership style is one of consensus and compromise. This works OK in a caretaker setting in which there are no crises and no demands for bold changes of course. Unfortunately, this era is defined by structural crises, and a leadership based on gaining consensus and compromise is basically a rudderless one in this environment.
2. He does not understand economics or finance, nor is he secure about making decisions on financial topics. As a result he deferred to the "experts," who just happened to be Wall Street cronies and insiders who easily swayed the President with their hobgoblin stories of financial meltdown and ruin if we didn't "save the banking sector from losses."
3. His grasp of history is poor. The same can be said of most presidents, but Obama failed to grasp the historic opportunity to set a new sustainable course for the nation's banking and financial sectors, and thus for its economy. He opted instead to save and protect the corrupt and embezzlement-based banking sector from losses, and he continues to do so with "extend and pretend" policies.
In a similar fashion, he has allowed the National Security State and the Global Empire to expand without any limitations.
4. He has no visible core beliefs beyond a vague sense that the Federal government and its extension, the American Empire, are forces for good. His policies can be boiled down to: support and expand the Savior State and its many fiefdoms, support and expand the Global Empire and National Security State, and allow the banking system and its Power Elites to set the agenda and control the oversight agencies and institutions.
His signature accomplishment, the "Obama-care reform" of the nation's sickcare system, simply extends the power of existing cartels and fiefdoms and delivers an ever-larger slice of the national income to their coffers. In its basic parameters, the "reform" could easily have been supported and passed by socially liberal Republican presidents such as Richard Nixon. There is nothing remotely progressive or radical about "pooling" insurance cartels and wet-paper-bag bureaucratic tests of "the most effective treatments."
These are simply technocratic layers added to a bloated, corrupt, venal and destructive system that already costs twice as much as those of our advanced-economy competitors.
In addition to these flaws, he has made fatal policy errors which doom the economy to implosion by November 2012. All of his administration's policies can be distilled down to these three points:
1. The banking sector is the most important foundation of the economy. The Central State and its proxy, the Federal Reserve, pumped some $14 trillion (by some measures, $23 trillion) in cash, credit, guarantees and backstops into the banking sector and its cloaked twin, the Shadow banking System.
Meanwhile, little to nothing was done for the cash-strapped consumer or citizenry. Why?
2. The "problem" is lack of credit and "confidence." If the State and Fed flood the banking system with credit and "restore confidence" by goosing the stock market, then people will start borrowing and spending again, and everything will be "fixed."
This presumes demand is strong, and all that's needed is credit for people to satisfy their thirst for more goods and services.
Meanwhile, back in reality, people realized they didn't need a third car, fourth TV, 17th "cute blouse," 23rd pair of shoes, etc., and now that their home is worth less than their mortgage (or their remaining equity is minimal), they can't really afford the luxury travel, boats, etc. they enjoyed when they thought their house would keep rising in value forever and tapping that rising equity was painless.
Demand is slack because everyone who could afford more crap already owns more crap than they need or even want. The percentage of the populace who would like more stuff cannot afford more stuff. Their household incomes and wages are declining, and their expenses for essentials are rising.
The Fed's largesse to banks (free money in unlimited quantities) doesn't reach them; all it does is boost assets held by the top 10%.
3. Boosting the assets of this top 10% (or 20% if you include those who have equity of some sort beyond the $2,500 in their IRA) will cause a "wealth effect" that will "trickle down" to the lower 80% as the top 20% buy more Coach handbags, enjoy fine dining at tony upscale restaurants, etc.
Unfortunately, this may help boost Coach's profit margins, but the vast majority of the "trickle-down" consists of low-paying retail clerks and busboys.
In other words, the "wealth effect" is bogus, a charade deployed to defend the pillaging of the economy via financialization and Fed intervention.
4. Pushing the dollar lower in a "beggar thy neighbor" currency war is the best way to boost the U.S. economy. Apparently no one in the President's team looked at financial history to identify the nations which grew rich and powerful by debasing their currency.
In a perverse blowback to this misguided policy, corporate profits earned overseas were certainly goosed, but so were import prices, one of the reasons (along with the Fed's easy-money quantitative easing) for rising costs to consumers.
If you set out to design a policy that impoverished 80% of the citizenry and channeled a larger share of the national income to the top 10%, then this is precisely the set of policies you would pursue.
Nothing important has been fixed; nothing important has even been addressed. The institutions of governance are captured and corraled by the monied Elites to the point that the government has lost control of its own institutions, which now rule as quasi-independent fiefdoms. The citizenry, bought off on the cheap by stale Bread (rapacious student loans, food stamps which offer the veneer of normalcy, extended unemployment benefits so no angry mobs form, etc.) and dazed and distracted by the Media Circus, keep quiet in their complicity, while the Power Elites revel in the freedoms offered by a caretaker Administration.
If President Obama had fought for fundamental structural reforms and lost, he would still have support. Yes, Congress holds the pursestrings, but let's not forget the President appoints his own staff and advisors, and wields great power via Executive Orders. He could have submitted a 5-page Financial Reform Bill and promised to veto anything else. If the Power Elites watered it down, then he could have vetoed it and gone directly to the public. But he did none of these things.
Courtesy of correspondent George B., here is a chart of public and private debt over the past decade, from the St. Louis Federal Reserve. Notice that all the Administration and Congress have done is boost Federal debt to replace the "missing" private debt (missing because incomes are declining, housing equity has crashed and the consumer overborrowed for a decade).
This is mindless Keynesian policy on auto-pilot. As I have reported before, the Federal Government is borrowing and spending some $6 trillion in a mere four years, almost doubling the nation's debt, and all that's been accomplished is the Power Elites' share of the national income has risen and GDP has flatlined.
The structural dislocations and imbalances remain firmly in place; a financial sector dependent on fraud has been "saved," and an economy sick with an addiction to rampant financialization has been given plenty of smack to keep it from going through a desperately needed withdrawal.
The Keynesians have no answer as to when the economy will "recover" without the Central State borrowing 11% of GDP every year to prop up its various cartels and fiefdoms. They have no answer because they have no understanding of the imbalances, the fraud, the financialization or of the feudal partnership of the State and crony-capitalist cartels.
Obama has lost his "progressive" base, because he's done nothing remotely progressive. He has lost the middle because his Administration has overseen their gradual impoverishment at the hands of Financial Power Elites. He has offered them phony facsimiles of reform slicked down with the tiresome "soaring rhetoric" of a con artist so besotted with his own story that he actually believes the BS himself.
He can count on the public-union vote and a few of the State fiefdoms he's enriched and enlarged at the expense of the common good, but as the addict (the economy) goes downhill, slowly destroyed by the ever-larger doses of smack administered by the Fed and the Central State, then the consent of the governed will be irrevocably lost--not just by President Obama, but by the entire Status Quo.
The President is now a candidate hoping to scoop up a cool $1 billion to blow on another long, greasy media blitz, but I would be surprised if he rakes in much from the commoners and serfs straining to keep the wheels of their household finances turning. He will of course collect big bucks from various crony-cartels and contractors who have benefited from his bogus "reforms" and unstinting support of the banking sector, but his true-believer supporters will be thinned down to a few Elites, die-hard Democratic hacks and the delusional by mid-2012.
His opponents may fare little better unless they are willing to tackle the dominance of crony cartels, government fiefdoms and Financial Power Elites whose fat fingers remain firmly on the throat of the fast-expiring nation.
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who? HC? Nobody else visible...
Someone with a valid birth cert and a valid social security number might do for a start.
Really, this shit is so 2008... lord knows O can be blasted away at but at least use fresh loads...
A distinct possibility....lord knows he deserves to lose...
The Repugs have a bunch of unelectable clowns parading around and R. Paul is too old...
Reps don't want to win this election.
Otherwise, they would have viable candidates by now, not this bunch of freaks.
Ron Paul is a good man, but he gets no support from Reps.
They didn't want to win the last one, either.
I recall in July 08 that telling peole that the election was a toss-up, but no matter who won, "I pity the fool"....
The 2008 election was a landmark, historically, great men have risen to lead this country in times of great trouble, this time we got a dud, but he sure the fuck talked like he might have been for real...
As bad as Obama has been, imagine the shitshow with McCain and Palin in place...
Losing is a two way street. It may be a case of who will be worse of the two? One thing to consider is : O'b got elected thanks to WS backing and Internet collect of funds. In 2012, WS is still behind him and will his 2008 fund collect model pay a comparative dividend in terms of election funds? I DON'T SEE an opponent yet who can sweep him off his feet, warts n all!
They are still going to spend $1 billion on him just in case he has a chance. They won't have to spend as much for their other stooge candidate. Either way the office will remain captured.
However there is another factor that needs to be taken under consideration:
Brookings Institution demographer William Frey.
He will prolly be re-elected.........there are enough dumb-assed Americans who will pull the lever for him...
This boat has sunk, but if I had to choose from Michelle Bachman or Sarah Palin and Obama. I would take Obama, republicans have no leadership skills either and those two are a joke.
Yes, Americans vote their pocketbook, and their pocketbooks will be a lot lighter by November 2012.
But given the GOP's "We will cut your Mediacare and Social Security, and cut the top tax rate from 36 to 25%" rallying cry, 2012 will be Democratic landslide liek you've never seen before. Yes, the long term results for the will be tragic, but do not underestimate how that "bottom 90%" feels about the "top 1%"
Oh, and for the record, it is voting by voters who are responsible for empowering the criminal class.
You don't think a state supreme court decision for US president, made in the back yard of your brother isn't a fucking racket?
Pol Pot couldn't have done it any better, and look what's happened since then!
Google: Stalin +voting +quote
The S.C. merely refused to let the Dems. break the rules to install their candidate. Dont try to rewrite history.
Interesting points and analysis, but if Obama is to lose, somebody must beat him, and right now I see nothing on the GOP horizon that looks even remotely electable in a general election.
IT DOESN'T MATTER WHO WINS OR LOSES. WHO CARES.
MEET THE NEW BOSS, SAME AS THE OLD BOSS. WE GOT FOOLED AGAIN.
That should tell everyone with two-bits of intelligence that the system of voting is absolutely broken.
When votes are quantified in dollars democratic elections are a fucking thing of the past.
Couldn't agree more with his point on "Obama-care reform". He did nothing but supersize our already bloated healthcare system.
who cares! my Mayan friends told me the world ends on Dec. 21 2012! no need to buy holiday gifts either!
Who cares. Who here honestly thinks changes presidents, parties or administrations actually accomplisheds anything?
Voting = jury duty. That's it.
Well electing someone like Robert Kahre is *guaranteed* to change some shit.
Especially if he publishes executive orders to be enacted on the first day in office; fire away, what changes do the people want?
Term limits? Done. A new currency? Done. Wealth tax for the top 0.1%? Done. Disband the IRS? Done. Crowd source a list that garners overwhelming public support (i.e. thecontract.org) and directly implement it - contractually, without any hopium promissory bullshit.
The only way I see Obummer loosing is to some internet derived Ross Perot type wild card. If only Tyler, Mish, Yves, Denningner, and the rest of the uncorrupted media could agree on a name to back.
I think he may win only because the Reps don't want the job. He's the perfect foil and is fly paper for all the misfortunes besetting the American people. They are getting exactly what they want and not getting tagged with any blame. A win/win for the Reps and a lose/lose for America.
Instead of voting for Obama you could just move to China.
Same shit.
It will be interesting to see Sarah Palin win the elections in November 2012, and open her mouth and start to "spread the word" about her plans of nuke Iran and declare war on China in January 2013, when she takes office.
Of course, China and Iran won't simply wait until January 2013, and will make a "preventive" attack against the US. So, a nuclear war will destroy the world in December 2012, just like the Mayans predicted.
It's all so clear...
Sarah Palin isn't going to run...I think we will see Tim Pawlenty or Chris Christie..
Too early to know anything. Obama wasn't on anyone's radar at this time in 2007, the economy was still OK, Iraq looked like it might be turning and the Rs were looking pretty solid.
Until well into 2008, it looked like a Clinton-Guiliani race. Then Giuliani went on television. In the summer, the markets started falling apart.
I would save the predictions for early fall, 2012.
Double post. Removed.
FIRST WE NEED A CONSTITUTIONAL AMENDMENT ON TERM LIMITS.
If it passes, we will be able to survive, but just barely.
Vote Ron Paul or suicide yourself.
Paul is the only hope for America.
80% of the population has 7% of the wealth. He needs to run on a platform of Break the Banks.
The republicans just lost this morning, lets hope Paul does't run as one.
Obama is the worst of apects of Nixon and Carter combined. His arrogance would make Nixon blush; his ruthlessness is an order of magnitude Haldeman or a Liddy. He wiould gladly trample anyone's rights to get what he wants, however ...
... like Carter, he naively believes that WANTING is the same thing as GETTING ... his foreign policy does not rise to the level of being juvenile Regardless of any of the reader's beliefs - Democratic or Republican - when have we had a President of the United States who believed that a change in rhetoric and hoping that those who oppose our right to EXIST would compromise their beliefs and goals?
Absent a Volcker dose of strong medicine, Obama's re-election chances completely evaporate if inflation continues unchecked through the summer. If that happens, the MSM and the Democratic Party will abandon the ONE for anyONE who provides any HOPE of avoiding another electoral disaster.
By that time, Obame will have over $ 250 million raised for his re-election campaign and, like Nixon, will not be willing to "go quietly into that good night". He will smear everyone who opposes him and will bless any activity, including the iilegal ones, that will give him any chance at being re-elected.
barliman
Barliman's audacity of truth.
+1
No problemo! The Bernank sez he can stop inflation in 15 minutos!
Doesn't really matter either way.
The US' problems are structural. Replacing the figure head at the top won't change anything (and Goldman Sachs will still be there to donate truck loads of money to who ever ends up winning). Demonizing the figurehead only diverts the population's attention from the true structural issues (fiscal deficits, inequality, monetary policy, etc) that need to be addressed.
We all want to blame "somebody" for our problems, but its not that simple. People might feel better about the election, but a few months to a year after the new president is elected they will turn on him (or her) because he didn't solve all of America's problems. Happens everytime.
Presidents aren't the only ones with a bad understanding of history.
+1
the problem is still change. Obama has to convince people that change is not in their best interests, (after running on a platform of change, and not delivering, he has credibility in that regard) All Presidents speak in invisible words.
Any potential candidate who says he wants to balance the budget is running an uphill battle. That's not change you're talking about, its pain.
The alternative hasn't a prayer.
Not a chance in hell Obama doesn't get reelcted. He is the perfect fit the PTB need at this time to keep the masses under control while everything is stolen from them.
I supported the world and the message of hope the first time around. As a Chicagoan myself I was inspired to watch my town and the country for that matter collectively stand together for this "hope". Keep in mind I am not speaking of Obama neccessarily but rather what most of us had latched on to which was this sense that we could change the system. Of course we were all duped and he is nothing more than a puppet but that moment of seeing people come together will live with me forever.
I still believe we can change only now I am awakened to the sense that things are much more dire than I ever had imagined.
System overload lately. :(
Sucker. I didn't fall for his shit for one second.
thanks for that. Like I tried explain, it wasn't Obama neccessarily but rather the fact that a lot of the public was pissed off and actually engaging the situation. I thought or rather hoped the pressure on him by the masses would have forced him to right many wrongs. Sadly MANY of us were let down and given another example of just how fucked we really are.
Obama fully supported TARP as a candidate.
That should of been a warning sign that he was 'captured'.
I'll agree with the posters above who note that most voters aren't going to vote for 'pain'. It means that the truthful candidate is unlikely to prevail.
I expect the same 'ol thing to happen in 2012 ... i.e. whatever candidate with the slickest spheel, most mediagenic persona (and the all important big money support) wins.
The only exception to this is if we are in full crisis mode and all hell is breaking loose.
Perhaps then we'll have a political Black Swan.
He is going to win even if he touches off a civil war.
The % of population that believe he is in their corner, welfare and government employees are just about 50% if not more. He will keep the foodstamps and big government rolling.
I know some that will vote for him to start the revolution by total collapse of the government, it will happen sooner or later, with or without him, all inevitable.
I will never vote for either major criminal monied party ever again... not even for dog catching pooper-scooper.
Our problems are systemic, both major monied parties need to be dissolved.
The people of the United States must take over the corrupt Mega-Bussiness/Government complex. It will not be good. Capitalism is not working.
All very good points.
Before you write off O in 2012, consder the absolute saturation of the culture of entitlement in America. This culture runs vertically through the socio-economic strata. American exceptionalism taken to it's natural end.
So you're got everyone opening their eyes every day believing the American gravy train stops just outside their door.
So tell me who's going to vote for the person that tells this group, they need to change? Who's going to tell people they should eat less and lower their expectations for their children? Then layer on the religious dogma and you might just have a big shit sandwich on your hands.
I think you underestimate the depth of the Corporate elite's pockets and the apathetic, stupidity of the average American voter.
Even though your reasons above are mostly true, you fail to recognize the most important reasons Obama will win.
1) He is the puppet of the banking cartel and major industries and will receive all the support he needs from them.
2) He will run against only one Republican candidate, and if you can show me one who isn't completely fucking looney tunes go ahead.
Agreed...and here's $1 billion more reasons why he may win re-election. President Obama is expected to raise up to $1 billion to fund his campaign. Back in 1996, President Clinton spent $42 million to win re-election.
Power to the people. Unfortunately, it's the very wealthy and select few elites who are the people that have the power and call the shots from behind the curtain.
They were writing the same things about Harry Reid a year ago and yet look how that turned out.
You can't underestimate the power of media blitzing when combined with a weak opponent.
Only idiots who think they make a difference vote GOP or Dem. Do carry on arguing like it matters though. Dumb sheep.
The assumtion here is that voting still matters and money does not buy elections:
1. Ohio or Florida (take your pick)
2. 1 Billion $
I have made personal bets with family small and semi large, I don't want to alienate them. I have also given them 5-1 Obama gets re-elected. Most seem to think he wont, and I know he will. Most people are sleeping at the switch still.
Obama can propose legislation to expand SNAP and have voter registration at the same time - like the Motor Voter Act, but this time called the Peanut Butter Voter Act.
An Obama re-election is the probably best outcome if you believe that government and the financial system are too far gone to be fixed under our current system
-By the author's own admission (and I agree) there is little difference between the Dems and GOP. If the GOP wins - best case scenario is the SHTF at a slightly slower rate.
-So lets just keep the pedal to the metal as far as central planning, QE4eva and corporate oligarchy metastisis is concerned and the whole thing will implode that much faster.
-The sooner the better: The last thing you want is for half of America to be like (almost) all of Europe where this is all they've ever known: that the government is your mommy and daddy and individual liberty and economic mobility are extremely limited.
VOTE OBAMA 2012
it all depends, USA is a police state, just cross from BC, Canada to Washington state and count the cop cars on the USA side and count the invisible cop cars on Canada side
there are freedoms that are real in EU and there are freedoms in US
OBAMA will win and win win again, u ameri-suckers dont get it, he is in it for life and dont u try to fight him because u will be dealt with like he dealt with the pakistani taliban, missile style :)))
suckah,, your land is not your land anymore, thanks to greese instead of brain in your head and NO MORE GUTS
well, i am not entirely sure this planet will be inhabited by voting humans in 2012.
<dupe print>
Amazing that people vote; brainwashing obviously works. It's not your government, get over it.
Hope & Change turned into Doped & Maimed
Ty always keeps readers apprised of the swelling rolls of food stamp recipients -- thus, we can safely assume, every SNAP is a snap to vote for The One.
Such an insidious contradiction, isn't it ? "Independence Card ?" Enslavement to the State for one's very subsistence: NewSpeak for the modern-day rugged individualist:
http://i.ehow.com/images/a05/rh/df/food-stamps-maryland-800X800.jpg
For people with ample amounts of guns and ammo, Americans do seem to do a lot of talking about problems that could be easily remedied with said weaponary.
You think revolutions involve sitting around for weeks/months/years on end talking and complaining to no avail?
100% pussification.
No, it's not a matter of guts, but rather a sense of getting a system ready to put in place after the collapse in order to avoid that whole unpleasant anarchy/chaos thing...
http://southernnationalcongress.com/
The campaign of change where the only change was record bonuses for fraud and marginalization of the rule of law, Inc.
The position of president, Congress, and Supreme Court Incorporated have all been pawned.
It was all over after TARP, hook line and sinker.
Why on earth would Obama’s poll numbers be in the cellar after he has provided such strong support for his primary constituencies: 1. The vast welfare state with its heavy emphasis on Hispanic voters and the public employee unions, and 2. The money changer industry with point man Bob Rubin solidly in his corner?
The answer: America’s hope for free enterprise is not dead yet.
In a sense, Obama’s biggest re-election hurdle is the backlash against these two power bases: the non-producer masses and the central bank wealth-extracting debt machine.
The increase in numbers of non-white voters heading into 2012 and the prospects for high profile immigration legislation debate, in fact, may lead to a big backlash turnout vote against Obama and his supporters. An example of how these numbers are increasing for 2012 can be found in a very startling article by Jim Newell on Gawker April 1: “Barack Obama Can Just Ignore White Voters Now.”
Newell uses an analysis of the GOP’s electoral prospects from National Journal’s Ron Brownstein on how the new Census figures could give Barack Obama the election “without having to deal with terrible white adults much at all.”
This prospect, IMO, will turn out the white opposition like never before. Here are the defining paragraphs:
“If the minority share of the vote increases in 2012 by the same rate it has grown in presidential elections since 1992, it will rise to about 28 percent nationally. By itself, that could substantially alter the political playing field from 2010, when the minority vote share sagged to just 22 percent. It means that if Obama can maintain, or even come close to, the four-fifths share of minority votes that he won in 2008, he could win a majority of the national popular vote with even less than the 43 percent of whites he attracted last time.
“Some of these examples are stunning:
“Obama, for instance, won Florida last time with 42 percent of the white vote; under this scenario, if he maintains his minority support he could win the Sunshine State with just under 40 percent of the white vote. With equal minority support in Nevada, the president could win with only 35 percent of the white vote, down from the 45 percent he garnered in 2008. Likewise, under these conditions, Obama could take Virginia with just 33.5 percent of whites, well down from the 39 percent he captured last time. In New Jersey, his winning number among whites would fall to just over 41 percent (compared with the 52 percent he won in 2008). In Pennsylvania, under these circumstances, 41 percent of white votes would be enough to put the state in Obama's column, down from the 48 percent he won in 2008.”
http://m.gawker.com/5788153/barack-obama-can-just-ignore-white-voters-no...
Get real, this race is over before it even started. Of course he's going to win.
The Reps don't want the job. They know this mess is unfixable.
Republicrats are done, just like in California, no more republicans, only one party of multi-culti demoncats
demographics of USA point to something other than white and GOP is white about 98%
Clearly government is part of the problem.
A bureaucracy of 125 individuals whose sole purpose was to regulate and monitor fannie mays financial health was not up to the task. A savior state is a sure path to lower living standards and harmful to economic efficiency. The new FINRA will not prevent future problems in the financial industry, but institutional memory will prevent it for this next generation if failure were allowed to fail.
The cheapest and most effective form of regulation is personal responsibility and avoiding bailouts of any kind.
Since government nannyism and savior state mentality impoverish their people and civilization over the long run the best we can do is try to starve the government. Lobbyists have no incentive to exist, and.government cant grant favors to special interests if.government is poor and limited in scope.
After all, no one would bother to lobby a bum or try to get special priviliges
The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America. Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools such as those who made him their president.
Voting for anyone but Ron Paul is a loss for humanity.
As long as the Federal Reserve is in existence, managing our money supply, we are nothing but reactive serfs grasping onto whatever cannot be seized through inflation/deflation hoping that some President can stablize us until our time here is done.
This has been going on for 100 years and still people are too busy pointing out the minutia faults of the "other party" not realizing while they may win an empty battle when "their guy wins", that they are still losing the war.
I honestly am stumped that people cannot see this.
There will be no 2012 election. Obama will invoke a secret executive order declaring that elections are being manipulated by terrorists and must be halted until the safety and sanctity of democracry can be assured.
3rd world economic power that the Banana Republic of the USA has become will now also have 3rd world elections. When voting is finally restored in 2022, all voters will have their thumbs painted so that they can't vote twice. The paint will contain toxic chemicals assuring anyone stupid enough to bother voting will soon die, thus assuring reduced turnout for future elections and destruction of the small still politicially active fragments left in the rotting corpse of the U.S.A.
There will be no 2012 election. Obama will invoke a secret executive order declaring
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Widowmaker, take note of this one; here's your next big 'conspiracy' ...
Unfortuantely Paul is too old. People do not vote for old farts.
I'd rather vote for an old fart than a piece of shit.
McCain runs again w/o SP, think about it
If Reagan wasn't an old fart, who is?
.
Paul is older than Reagan...Ronnie was 70 when inaugerated, RP will 76 this August...
No doubt junked by one of my secret admirers... I mean, seriously, you have a problem with a statement of simple fact??
Obviously you do....
win, lose. team red, team blue. what's the difference?
The policies were layed out for him. The elites will put up some RHINO who will kiss conservative butts with lots of rhetoric about fiscal discipline, energy independence, blah blah. They'll throw out some scraps for the crowd. maybe defund NPR. Give drilling permits on some minor reserves. Rename cap and trade, to trade and cap. Cut the deficit from ludicrous to just ridiculous. The MSM will howl and gnash their teeth. The sheep will be happy for sticking it to the man and getting some "change".
In the end, troops will maintain distant outposts of the empire. No serious entitlement cuts. The Fed printers will continue to print. The debt will grow as the NWO continues its relentless march into a brave new world.
If the conservatives were thinking, they should just let team blue win. Nothing can stop this train wreck at this point. At least let them go down with the failure. Someone will need clean hands to stand up to the "popular" riots that are sure to be coming.
Did Tyler do any posts on Lerners(SEIU) call for a "spontaneous" coordinated strike against Wall Street and JPM?
There is a difference. Vote for the party and candidates who will lower taxes and limit government.
Mike Huckabee can beat Obama
I think all incumbents can start cleaning out their desks today with the misery index where it is and the lack of Corporate Entitlement Reform, bailouts and banksters
No incumbent survives
Obama and Queen Michelle are in it for life, u really dont get it, lat elections were in 2008, no more
Mike Huckabee?? Wow, Lord help us if he wins. He likes big government, nanny state too. Not much difference b/w him and BO. I actually wouldn't mind seeing Trump. ANYBODY but the current guys who are part of the machine.
Huckabee is as big an idiot if not bigger than Obama. Not to mention he is on the "radiation is good for you" bandwagon.
For the sake of survival of our Republic, we had better pray this prediction comes true!
George H.W. Bush 2012
Yeah, old man Bush was really opposed to a New World Order.
- 1
all good points except that the public ONLY gets to vote on candidates who have already pledged their allegiance to the elites AND there is no requirement to understand the Constitution, business, the economy, history, war, etc but only to remain puppet of the moment for 4-8 years.
Beautifully perceptive and concise!
Christie in 2012, Trump or Pawlenty as V.P. The repubs are beggin' him, believe me.
That's why no repub is jumping forward, waiting to see if this winning ticket would materialize.
With my 2020 Vision I can see that He runs in 2012 and He wins. The goal then is to get every last one of us begging for tax reform. He will also win doing that. The other team will get to deliver unto us the holy tax reform after 2016 if not sooner. It'll be a hard fight but, in the end, the People win a lowered marginal income tax rate plus a shiny new federal sales tax on all of their inflation adjusted hyper price fixed thneeds.
Oh, and Blackrock gets to 'do' Social Security.. for a little while. But that's all much later.
He WILL get back in the propaganda ministry(cnn,cnbc,the weather channel, nbc owned)will spin the sheeple's brains at least one more time.
Obama won't even win his own primary yet alone the election. He will have so alienated is base by then and the economy will be so FUBAR from commodity price explosions that the dems will be begging for Hillary to run against him and save them by EOY into next. You'll see. All the stars are lining up for this very thing just as plain as the hand in front of my face. You heard it here first.
I can actually see a silver lining to this cloud...
I'm grateful to our last two presidents for being so blatantly anti-American, because they and their handlers are waking people up and forcing them to take a stand.
http://southernnationalcongress.com/
Junk away, folks...at least we're trying to be more than "keyboard commandos"...
All this week is talk of goobermint shutdown...ooooh. What's not mentioned is that as soon as they shutdown, Barama will pull some executive order crap. Day by day CONgress is making themselves more irrelevant.
I already broke this down last year. His numbers, especially after Libya,food & oil prices will only deteriorate his numbers. He cannot win in 2012.
http://investmentwatchblog.com/how-president-obama-loses-in-2012/
"How President Obama Loses in 2012"
The President finally realized he has very limited power and he gets to play President but he has been reduced to a mere figurehead by the corporate interests in banks. There is absolutely no other explanation for his 180 ever since election in favor of big banks. People seem to forget that the President and Hillary Clinton completely disappeared during the campaign primary and were off the radar in order to be shuttled to the Bilderberg meeting in Virginia where he was selected as the President by the Media/Corp/Bank interests. It is pretty clear we have near corporate fascism in this nation and the President is not being allowed to do anything which would benefit the middle class. This administration has done nothing but play rear view politics as opposed to acting like leadership which this articles seems to confirm with his obsession over Fox News criticism.
Regardless I have already dont the electoral math and it is impossible for the President to win in 2012 unless he goes after the corporate interests.
He cannot win 270 Electoral votes which may seem crazy considering he won 365 but I have looked it over I have bolded the states he will win. He only needs to lose 95 electorals to lose the election.
Alabama: (9) Lost by 450k votes will not win in 2012
Alaska: (3) Lost by 120k votes likely cannot win in 2012
Arizona (10) Lost by 200k+ votes and after the Immigration debate will lose again in 2012
Arkansas: (6) Lost by 200k+ votes will not win in 2012
California: (55) Won by 3 Million votes and will likely win in 2012 since California can always be counted on voting Democratic
Colorado: (9) Won by 200k+ Votes. This will be a large swing state in 2012 can go either way but take the energy the Obamabots in 2012 and his polling numbers I believe he loses Colorado handily.
Connecticut: (7) Won by 330K+ votes. Will be close but will likely win CT. because it is Northeastern and favors Dems.
Deleware: (3) Won by 100k Votes but he will certainly lose this in 2012 considering the primaries have now placed a Tea Party member in the Republican election.
D.C.: (3) Had 245k Votes to McCains 17,000 and cannot lose D.C.
Florida: (27) This was a big win in 2008 for the President and he won by 240k votes. Consdiering the Depression Florida is in and health care he will lose Florida handily.
Georgia (15): Lost by 220+ in 2008 and will lose by even more in 2012.
Hawaii: (4): Won by 200K votes and although it could be tight I cannot see the President losing his home state.
Idaho:(4) Â Lost by a 2-1 margin in 2008 and probably a 3-1 in 2012
Indiana: ( 11) This was a huge win for the Pres. in 2008. Very slim margin of about 30k votes and alot of electoral votes. He will get routed in 2012.
Iowa: (7) Won by a mere 140k votes in 2008. Since this is a middle America state with a history of voting Republican I think we can very easily lose however I will aware Iowa to the President.
Kansas: (6) Lost by 200k votes and will lose again in 2012
Kentucky: (8) Lost by 300k in 2012 so forget about 2012.
Louisiana: (9) Lost by 400k in 2008 even before the BP oil spill. I expect him to lost by 700k this time around since even the shrimp & oysters will be growing fingers to vote against him considering his handling.
Maine: (4) Maine is a little different since it assigns 2 votes to the popular vote getter and 1 for each Congressional. Since it is a NE state I will aware the President 3 out of the 4 since he may win the popular but will likely lose one congressional.
Maryland: (10) President won by 700k votes in 2008. Barring an invasion by Bermuda and annexation he will win in 2012.
Massachusetts: (12) Monstrous win by 800k+ in 2008. Although I believe the race will be closer than expected and there is the potential for Romney to be the Republican candidate I am hoping for Ron Paul and will aware the President this state.
Michigan: (17) Big win for the President in 2008 regarding the electoral votes. Another 700k+ Large margin of victory for the President. Considering his union pandering I cannot see a loss here although it may be closer than expected.
*Minnesota: (10) Won by 240k+ votes in 2008. I expect him to lose this tight race in 2012.
Missouri: (11) This is a state the President almost won in 2008 and lost by a mere 4,000 votes. He cannot win this in 2012 since his popularity has pulled a record Peter Pan.
Montana: (3) Very tight race in 2008 and lost by 10k. Same story as Missouri and loses in 2012.
Nebraska: (5) Works the same as Maine. He lost the popular in 2008 and 2 congressionals scoring only 1 electoral vote. He will lost all 5 in 2012 since the one congressional was a 3,000 vote margin of victory.
Nevada: (5) Won in 2008 by a mere 100k+ votes. Considering the shape of Nevada and their attitude towards Reid he loses this easily in 2012.
New Hampshire: ( 4) Won in 2008 by a slim 65k votes. The people of New Hampshire take pride in their history and attitudes toward personal freedoms and he will likely lose in 2012.
New Jersey: (15) Won by a 2-1 margin in 2008 and will win in 2012.
New Mexico: (5) Small population and won by 120k votes in 2008. This can go either way and immigration is a consideration but I will aware it to the President.
New York: (31) No chance he loses this in 2008.
North Carolina: (15) This will be a big loss for the President in 2012. He won in 2008 by only 20k votes and this is a large sum of electorals to lose.
North Dakota: ( 3) Lost in 2008 and will lose again in 2012. Very small population.
Ohio: (20) This is the state I am counting on being the definer of his defeat in 2012. The President won 2.9 million votes to 2.6. There is potential for him to pull this out but consdiering Democratic Party Chairman Redfern referred to Tea Party members as, “Fuckers†on Monday night I cannot see that occurring since Democratic leadership is showing frustration and immaturity using this kind of rhetoric.
Oklahoma: (7) Near 2-1 loss for the President in 2008 and same in 2012.
Oregon: (7) Win by 400k for the President in 2008 and likely will retain Oregon by slim margin.
Pennsylvania: (21) Won by 700k votes in 2008. Joe Biden’s home state although margin will be smaller in 2012 he will win PA.
Rhode Island: (4) 2-1 Victory in 2008 and will win in 2012
South Carolina: (8) Lost by 300k in 2008. Even more in 2012
South Dakota: (3) Slim loss of 30k in 2008. Popularity so low cannot win in 2012.
Tennessee: (11) Big loss in 2008 same in 2012.
Texas: (34) Lost by over a million in 2008 and not even a contest in 2012. God willing Ron Paul will be the candidate out of Texas anyway.
Utah: (5) No chance in 2012.Another 2-1 loss like in 2008
Vermont: (3) 2-1 Victory for the President in 2008. Will lose some votes and potential to lose but I will award it to the President.
Virginia: (13) Won by 1.9 to 1.7 million votes in 2008. I am feeling generous and will award this to the President just to illustrate he still cannot feasibly win in 2012 even with taking Virginia.
West Virginia: (5) Lost 390k to 300k in 2008 and repeat in 2012.
Wisconsin: (10) Won by 400k votes in 2008 and he can lose this state but I will aware him the state.
Wyoming: (3) Lost 2-1 in 2008 and will lost in 2012.
This calculates to 228 Electoral Votes for the President. He cannot win since the economy will only worsen and his approval ratings will continue lower and even if they stablize with a mild uptick he will lose those 95 electorals over 270 he had previously.
Gallup polls have the Presidents Disapproval rating since taking office has gone from 17 to 48.
Wow, McCloy. You are the real McCoy! Great article! Obama needs the action, not the words. He's already done the words. I mean, the man has Jeffrey Immelt as his business reformer!!
He'll get plenty of bankster and union money. He sure paid them enough to get some laundered back to him. Now will Soros play nice and make with tons of dummy contributions?
Obama will lose 2012? Who is our there to beat him? Nobody.
End of discussion.
I thought he was going to be a 1 termer up until the idiot tool walker over reached in wisconsin. I think that plus other gop moves in similar light pretty much gifted barry his second term. FUCK! why anyone alive for the past 12 years would vote at all is beyond me. get the fucking guns out, stop paying your damn bills and taxes, stop chasing your stupid FICO. or you can vote.
+1
thanks for making me feel a little more sane :/
USA starts falling apart in 3rd quarter 2011.
A member of the Pentagon decides to run for president promising to bring the troops home. Keep you safe and keep you fed.
Goodbye Obama,
Goodbye Freedoms (what is left of them anyway)
now that Obama has money he cant be stoped
That's a pretty thoughtful analysis. Unfortunately voters don't seem to actually weigh these things. I good indicator of that would be Bush's second term. Though he didn't win by much, he did in fact win in spite of all indications to the contrary. Of course, everyone was still feeling a lot "richer" back then. I'm curious who will run against him. It's not a personal curiosity considering I won't vote Dem or Repub. I'm going to vote for the Libertarian candidate regardless of who they are/what they stand for, considering the 3rd party and an exit from the dominance of the two parties we have now is what I stand for.
Bush won because he was THE WAR PRESIDENT. And he scared the shit out of the Americans by raising the "terror threat" from the colour of puke green to shit brown every time Cheney farted. How can you beat that? Kerry couldn´t stand up to a bunch of old farts mooning him from a swift boat. No way Bush could lose to that, no matter how many pretzels the man chocked on.
Again, who is going to beat Obama? Perhaps Trump- Palin - Hukabee?
Hey , worth a try right.
you damn right it's worth a try, especially since after your "run", you get to keep all the campaign money. Kerry folded, it's all fucking kabuki.
Really, they presented us with a young charismatic eloquent professor with a photogenic Camelot family VS a curmudgeonly short old cripple nut job with a dumb ass bimbo.
was there ever a choice? Please!
It's a fucking game.
Is Santorum in it for the campaign money or is he REALLY there to win the nomination? Please!
We're so desperate we'd vote for Trump? ok how about cocaine gary busey for sec def, katy perry for sec state and kobe bryant for national security adviser and trumps kids running the sec and doj.
Islam has been at war with America since 1794. Off and on. Right now it is on. So who has a plan?
let's all vote for Ralph Nader. He can't possibly do worse than Obama or any other bumthe republican party can throw out.
voted for Nader the last two times, and will continue to vote for him until he has been dead at least two years, a dead Nader is better than any living politician. And Nader does not need a full term to accomplish what is needed, we could have a special election in six months. The bottom feeders would leave Washington the next day. It would be a thing of beauty to see.
The difference between Nader and Obama?
Nader is a more intelliget communist. I'm not sure that is a good idea. I prefer my communists stupid.
If you look at history, the only times Presidents haven't won reelections have either been when there is a bad economy or an unpopular war. Right now I don't see any additional war happening. With respect to the economy I think the government can continue running a trillion and a half dollar deficit and Ben continuing with QE3 without catastrophic negative effects for the next couple years with one major exception: substantial energy and food price increases. Is this enough to cause a major switch to the Republicans? (most of those most heavily affected will vote Democratic for other reasons).
You answered your own question. Gas will be approaching $5.00 a gallon by then and food up 100% since 2008. You do the math on whether that will anger J6P enough to say enough is enough. I've been saying it for months and I'll say it again: Barry will not even win his primary in 2012 yet alone the election. My rough call for now is Hillary as the dem nominee and Romney or Trump for the repubs. You heard it here first folks.
problem: five or six candidates run, and each one wins their own state, and one or two more. the electoral college turns the election over to the house of representatives.
root of the problem: the wrath of 2000. why didn't Al Gore challenge the election results? Why didn't Congressional Democrats give the Bush mandate some pushback.
answer: 45% is the new majority. A majority isn't simply numbers, its passion, a small but passionate group will always dominate the indifferent members of the herd. Gore didn't have the fire in his belly. (or rather his supporters did not)
prediction: Someone will lose this election by a narrow margin, and contest the results, sending the government into uncharted territory. We may never know who wins the next election, but someone will take power.
record of past prediction: "If you don't like Bush, wait until you see the next guy"
To hold the highest office one needs a valid US birth certificate and valid social security number. Obama has neither and therefore is constitutionally ineligible to be the president of the USA.
This is a tremendous article.
Paul/Santelli 2012. Jesse Ventura as Sec. of State.
Done!
Macho Man Randy Savage for Secretary of Defense and Rick "Nature Boy" Flair for Head of Dept of Homeland Security!
Whether or not Obama wins the presidency in 2012 is arguably irrelevant.
Policies matter more than the person and we live in a ‘plug and play’ country where the controlling elite can easily switch a face to improve implementation of their chosen policies. So… if a Republican angle/person will better implement the elite’s policy agenda, we will get a Republican. If Barry can do the same thing we may get him again. Working against this is the ‘appearance of change’ idea that got him elected. A new face will be used to refill the popular hopium pipes for a few months extra.
Alternatively (and has been mentioned by another poster), it may be possible that another false flag event leads to cancellation of elections and imposition of emergency rule. Whether this will happen depends on the elite determining that they are in danger of losing control (a possibility that increases over time), as such a move will be a one time only option.
On the assumption that a religious conservative cannot win,is there anyone tall enough to beat him?
the tall executive/ceo theory has merit. Plus you cant be bald.
i predicted Obumma was going to lose in 2009 despite the biggest and most biased media blitz in US history, despite the unpopularity of that cretin Bush and despite the most expensive Presidential campaign in US history too ...and he would have lost had that progressive (tame/lame marxist) John McCain not, against all odds, spurned his 2% lead against Obumma and blew-it (big time) running back to Washington mid-campaign to support another bailout
at that very point McCain lost the central (conservative) swing vote and stated he was another sell-out DC dipshit (McCain never got back the lead thereafter) and Obumma despite everything in his favour sneaked in by a cats whisker 2% swing in his favour
Obumma doesn't stand a snowball in hells chance in 2012... the key is the economy and nobody believes this Chicago Commie can handle such a tough job, nobody believes the media and nobody believes their constant BS we're seeing a 'recovery'
Game Over. Obumma, a 1 hit wonder (fraud), is toast
a billion dollar campaign for just 1 of the candidates is obscene. public finance it, give 'em 6-8 weeks before the election to campaign like they do in the uk, and that's it. give the billions to the 99ers, wall street, or the pentagon.
Well, like I have been saying for a while, if Obama can't or won't solve a $10 Birth Certificate problem for 3 years, how can anybody be surprised he is clueless on the $14 trillion+ Economy.
Squeeky Fromm, Girl Reporter
very well said....i have long maintained that obama was a bush redux and serf of the plutocrats....the pillaging and plundering of america by the barbarian banksters-cia is nearly complete....the sack of rome has been repeated....
imperialism, socialism, treachery, and stupidity have exacted a staggering toll....american exceptionalism is a fucktarded concept insofar as the empire will meet the fate of all others - it will be either an orderly decline or a tumultuous embarrassing race to the gutter...it could even end in military disaster....under no circumstances should the chinese be underestimated. its navy rivals ours.
while rome burns, nero fiddles....endless wars of foreign aggression have bankrupted the empire....the trillions of bonds auctioned above government needs have been used to pay off foreign enemies and fund the obscene wars for oil....
nero will be re-elected....republicans have absolutely no alternative and are controlled by the same elite who control the democrats....and no, the murdering asshole is not a nice guy....he lies about his citizenship and he lies about his country of birth....
The Chinese Navy does not rival the U.S. Navy. At this time it is expecting it's first air craft carrier to enter service sometime between 2011-2012. The U.S. has 11 air craft carriers. Their Navy is no match for the U.S. at this time. If the U.S. makes dramatic cuts to defense spending China will overtake the U.S. within a decade.
http://www.fas.org/sgp/crs/row/RL33153.pdf
This is a good link to a congressional research paper outlining the Chinese Naval modernization which started in 1990.
ss-n-22 sunbird moskit
The Chinese have a demographic problem. Their populatin is aging about .9 year per year. By 2020 they will be in decline.
The author had it right with the first line of his essay, "Americans vote their pocketbooks."
But his conclusion is flawed.
We have reached a tipping point where a majority of people rely on gov't for sustenance (wall st., agribusiness, illegals, welfare recipients, unemployed, SSI/medicare recipients, gov't employees, defense contractors, unions, lobbyists, homeowners, accountants, lawyers, the entire healthcare industry, yada, yada...even most of the 50 states cannot exist without being artificially propped up (which by default includes most counties and cities.)
Trying to un-clinch the mouths from the teat of gov't will not be easy (especially, since there is almost no private sector remaining for them to run to.) For this reason, I wouldn't be surprised if Obama gets re-elected in 2012, despite his abysmal economic record and Marxist tendencies.
Gov. Moonbeam was re-elected in CA last year. The same CA which is bankrupt from 40 years of Dem control. Most voters don't bother to care about the state of the union (or the state of the state), they just want their "fair" share of the shrinking pie. they will put more energy into fighting over crumbs, than they would put into baking their own damned pie.
"Ask not what you can do for your country, ask what your country can do for you."
Gov Brown was not reelected, he was elected again. He is four votes short of his tax extension, actually he wants to put the initiative to voters in the fall, and he has some state GOP members talking to him, (but the Tea Party can scream all the way from Wisconsin). One of his first acts was to disband the redevelopment agency program, which was corporate welfare. The various cities were spending money on corporate partnerships, while they were closing vital services. That needed to be done. He wants to put the tax collecting and spending back on the local governments, which is hardly big government thinking. CA has had eight years of Arnold, who came to office in a recall after Texas (GOP/ENRON) traders raked then Gov Grey Davis over the coals. Davis wanted to raise fees, which Arnold made his campaign issue, one he eventually had to admit was wrong. The first thing Arnie did was refinance the California bond issues, kick the can down the road. California uses voter initiatives to approve spending, which is something Washington might try. Cal voters are notorious for voting NO across the board when the economy gets tight. So I have to junk you just because you don't have your facts together on this.
As for American voting their pocketbooks, its not always true, I k now more people who suck up the trough of government, who complain about it the most. Reverse psychology or something
You can make all the excuses you want, but CA in deep doo-doo nonetheless. The unions elected Brown, he will not cross them. The taxpayers get hosed again. The Governator sucked. I have my facts together, go junk yourself.
and bush Jr. was supposed to be a 1 termer as well. I think the guys that put obama there like how he is screwing up the US and will put him in for another term.
Bush- haliburton
Obama- Goldman
Plus I think obama is good for another oil grab, sorry I mean war. First they will probably distract with something, maybe a taiwan incident and then blame it on Iran to continue the war of terror.
+100%
No more second terms until we get a deserving president-- I still think most 4th graders would be better in congress than the paid monkey fuckers currently in charge of policy.
some what off topic, but would any ZH folks vote for Ron Paul in 2012 if he decides to run?
No
Yes.
We'll see how it plays out.
Analysis is pretty reasonable.
Conclusion might not survive.
And we have to consider - what happens if the Republicans don't end up nominating Mitch Daniels? Can you imagine President Santorum? President Romney? President Huckabee?
President Gingrich? President Palin? President Bachmann?
Obama might remain the obvious best choice.
I seriously doubt Obama will be alive in 2012 to run. TPTB are nearly done using his puppet ass up and will be "Kennedy-izing" him soon. The resulting chimpouts will help institute nationwide mililtarization and control of police agencies nationwide and a pemanant national state of emergency. Think MLK assassination level riots and nationwide FEMA Prison Camps here.
LOL. You fools are starting to line up, believing you're going to change anything, ANYTHING with an election?
How many more elections is it going to take before it sinks in that shit will not change through voting? Start looking forward to 2016, hopefully things will improve then, right?
I love topics like this because it always dispels the notion that the ZH community is any better than the rest of the populace. Go line up and vote, fools. Keep voting.
If voting could change anything, it would be illegal.
http://www.youtube.com/watch?v=hYIC0eZYEtI
There will be 2 or 3 choices in 2012. Every single one of them will be preaproved by the people with real power. So pick whomever you want plebs (soon to be slaves), and enjoy the bread and circuses, aka election campaign.
Yes folks, Radicals, Revolutionaries, and Globalists have captured our Government & Media. Yes folks, they are burning down the house so they can; "Remould it nearer to the heart's desire"...
You never know. Don't underestimate the ignorance of the American voter.
Please remove CHS' posting privileges.
Obama will win in 2012 because the republicans will do everything they can to lose the election.
The RNC can read the writing on the wall. Things won't be better in 2012, or 2016 for that matter. If they're the party in power as conditions continue to deteriorate, they may not survive as a party. Better to leave in a nice easy target like Obama to take the fall, while those who can move money offshore and start their emigration plans.
His attempt at re-election just shows how out of touch he is. His approval rating is disastrous. We now know he lied to get into office with all his false promises, and sold out the American people. I don't think anyone could have predicted how much like Bush he actually became, despite his campain promising change. It's really disgusting that he has the gaul to think the American people are suckers and will fall for his lies again. As Bush would say, fool me once, you ain't gonna fool me again.