Chart of Money Printing per the Federal Reserve

This chart speaks volumes. Someone needs to find a concrete reason to impeach Obama because we should not have to suffer as a nation through the next 4 years. People said "Impeach Bush" all the time but Obama's actions in the first 30 days have been more dangerous to the longevity of this country than any made in the last 8 years...

UPDATE: Housing Rescue Plan

The (soon coming) Housing Bailout plan is set at $275 billion. The bad feeling I have had in the pit of my stomach since November 4, 2008 is getting worse & worse...

This plan, as Obama laid it out in Phoenix, AZ will help up to 9 million struggling homeowners from losing their homes. Homes, in the first place, that they should have never, EVER been able to 'purchase'- and I use that word loosely. The plan will help them refinance their loans with none other than Fannie Mae and Freddie Mac if they have lost value/equity in their homes. Surprised? Nope. "[T]he government plans to spend $75 billion to encourage lenders to modify loan terms for people at risk of foreclosure or already in foreclosure proceedings. Lenders and the government would jointly lower monthly payments to 31% of homeowners' income." (...that is $75B of the $275B plan) But as this article from the WSJ points out, this is still going to leave many millions who are not able to refinance through Mae or Mac if they still owe much, much more than the home is currently worth. "Mr. Obama said the plan won't help everyone, including investors and those already deep in trouble. He nodded to a potential backlash from diligent homeowners who have been making their payments, suggesting they'd benefit from stable neighborhoods with fewer vacant houses."

WOW! This truly is CHANGE WE CAN BELIEVE IN. Give me a break...

Housing Rescue Plan and Section 8...

Obama announced today a plan to "rescue" homeowners from potentially losing their homes. This, in a nut shell, will cost the tax payers another $50 billion when passed. This also will give bankruptcy judges the power to reduce the amount owned on a mortgage. That, as Neal Boortz puts it, is PURE THEFT. This is going to do nothing but cause an even bigger problem with banks and loans. Good job Barry O!

Also, as heard on Boortz, it seems inevitable that the government is going to start buying up a lot of middle-income housing due to the current woes. With that, these houses have the potential to become Section 8 housing, which is to say welfare houses who's rent is paid in bulk by the tax payers. Believe you me, if these start popping up in the neighborhoods we live in, we all better get the heck out. Property values are linked to such things and we all know what that would do to OUR properties and investments- in the toilet!

To read more on Boortz's take on this & more, click here.

Al Qaeda and Our Economy

Please read this article. It is quite striking. And more so than anything is that this is first time in print since Obama took office that someone has come out and said such things. And it comes out of Los Angeles, California of all places, even more striking.

Watch out for Al Qaeda: It wants to target America's economy, and it wants to prove it can defeat us.
By Marc A. Thiessen February 15, 2009 - LA Times

A brief summary: The economic turmoil currently facing our nation is just what the terrorist ordered. Al Qaeda is basking at the events unfolding in America under the helm of the current administration. As Obama and the Congressional Democrats try & un-do many of Bush's post-9/11 security implementations, the likelihood for an even more catastrophic terrorist attack(s) seems inevitable.