Thought provoking!

Subj: Charles Krauthammer Speech/Comments on the 'New Economy' & Barack Obama

To my friends & associates: Last Monday was a profound evening, hearing Dr. Charles Krauthammer speak to the Center for the American Experiment.  He is a brilliant intellectual, seasoned & articulate. He is forthright & careful in his analysis, & never resorts to emotions or personal insults. He is NOT a fear monger nor an extremist in his comments & views.  He is a fiscal conservative, & has a Pulitzer Prize for writing.  He is a frequent contributor to Fox News & writes weekly for the Washington Post.  The entire room was held spellbound during his talk.  I have shared this w/ many of you & several have asked me to summarize his comments, as we are living in uncharted waters economically & internationally.  Even two Dems at my table agreed w/ everything he said!  If you feel like forwarding this to those who are open minded & have not 'drunk the Kool-Aid', feel free.

A summary of his comments:

1.  Mr. Obama is a very intellectual, charming individual.  He is not to be underestimated. He is a 'cool customer' who doesn't show his emotions. It's very hard to know what's 'behind the mask'.  Taking down the Clinton dynasty from a political neophyte was an amazing accomplishment.  The Clintons still do not understand what hit them.  Obama was in the perfect place at the perfect time.

2. Obama has political skills comparable to Reagan & Clinton.  He has a way of making you think he's on your side, agreeing w/ your position, while doing the opposite.  Pay no attn. to what he SAYS; rather, watch what he DOES!

3. Obama has a ruthless quest for power.  He did not come to Washington to make something out of himself, but rather to change everything, incl. dismantling capitalism.  He can't be straightforward on his ambitions, as the public would not go along.  He has a heavy hand, & wants to 'level the playing field with income redistribution & punishment of the achievers of society.  He would like to model the USA to Great Britain or Canada .

4.  His 3 main goals are to control ENERGY, PUBLIC EDUCATION, & NAT'L HEALTHCARE by the Fed. govt.  He doesn't care about the auto or financial services industries, but got them as an early bonus.  The cap & trade will add costs to everything & stifle growth. Paying for FREE college education is his goal.  Most scary is healthcare program, because if you make it FREE & add 46,000,000 people to a Medicare-type single-payer system, the costs will go thru the roof.  The only way to control costs is w/ massive RATIONING of services, like in Canada .  God forbid.

5.  He's surrounded himself w/ mostly far-left academic types. No 1 around him has ever run even a candy store. But they're going to try & run the auto, financial, banking & other industries. This obviously can't work in the long run. Obama's not a socialist; rather a far-left secular progressive bent on nothing short of revolution. He ran as a moderate, but will govern from the hard left. Again, watch what he does, not what he says.

6.  Obama doesn't really see himself as President of the USA, more as a ruler over the world.  He sees himself above it all, trying to orchestrate & coordinate various countries & their agendas.  He sees moral equivalency in all cultures.  His apology tour in Germany & England was a prime example of how he sees America, as an imperialist nation that has been arrogant, rather than a great noble nation that has at times made errors.  This is the 1st President ever who has chastised our allies & appeased our enemies!

7.  He's now handing out goodies. He hopes that the bill (& pain) will not 'come due' until after he's reelected in 2012.  He'd like to blame all problems on Bush from the past, & hopefully his successor in the future.  He has a huge ego, & Mr. Krauthammer believes he is a narcissist.

8.  Republicans are in the wilderness for a while, but will emerge strong. We're 'pining' for another Reagan, but there'll never be another like him.  He believes Mitt Romney, Tim Pawlenty & Bobby Jindahl (except for his terrible speech in Feb.) are the future of the party. Newt Gingrich is brilliant, but has baggage. Sarah Palin is sincere & intelligent, but needs to really be seriously boning up on facts & info if she's to be a serious candidate in the future. We need to return to the party of lower taxes, smaller govt., personal responsibility, strong Nat’l defense, & states' rights.

9.  The current level of spending is irresponsible & outrageous. We're spending trillions that we don't have. This could lead to hyper inflation, depression or worse. No country has ever spent themselves into prosperity. The media is giving Obama, Reid & Pelosi a pass because they love their agenda. But eventually the bill will come due & people will realize the huge bailouts didn't work, nor will the stimulus pkg. These were trillion-dollar payoffs to Obama's allies, unions & the Congress to placate the left, so he can get support for #4 above.

10. The election was over in mid-Sept. when Lehman brothers failed. Fear & panic swept in, we had an unpopular President, & the war was grinding on indefinitely w/o a clear outcome. The people are in pain, & the mantra of 'change' caused people to act emotionally. Any Dem would have won this election; it was surprising is as close as it was.

11.  In 2012, if the unemployment rate is over 10%, Republicans will be swept back into power.  If it's under 8%, the Dems continue to roll.  If it's between 8-10%, it'll be a dogfight. It'll all be about the economy.

I hope this gets you really thinking about what's happening in Washington & Congress. There's a left-wing revolution going on, according to Krauthammer, & he encourages us to keep the faith & join the loyal resistance. The work will be hard, but we're right on most issues & can reclaim our country, before it's far too late.

 well, I am not too happy with Obama doing what Bush used to do -- help out the financial sector by stealing taxpayer money

 Strawer - you state that our economy would be in distress if we did not bail out the banks.

Well, we bailed them out, and are still bailing them out, since 2008.

So, what's happened since then?

Nearly 10% unemployment (while the govt projected less than 10% by end of 2009 or thereabouts)

Over 11.4% unemployment in California

Housing not yet bottoming

Lots of states with massive deficits. In CA, we state workers got 10% reduction in salaries, got 5000 layoffs, are looking at another 5% reduction, and unemployment looks to go even higher

I wonder at what point our economy is considered to be in distressed?

Only time will tell, I suppose

Well crafted comments Adrien, I watch and listen to Charles every night on the Fox network. It's too bad that our representatives in Washington don't have an idea when it comes to clear thinking and taking the reins to control our government.

It's always easy to look back at a problem that wasn't allowed to get any worse and say this or that shouldn't have been done. They got themselves into that mess so they should be left to their own devices. I agree with that statement most of the time. However, what we fail to look at is what would have happened if nothing had been done. I can assure you we wouldn't even have been typing on our computers right now. We would, at best, be out with another band of survivors (if we would have survived this long) of the riots, lootings, murders, etc. hunting for food with the guns we took from our homes or from others homes. There would be no economy, there would just be survival. All economies would have collapsed if there were no money control. I think Bush and Obama did what they had to do. No choice on their part. Now we can pick at Bernanke and ask if he did make Lewis at BoA take Merrill. Of course he did and again there was no choice. He couldn't allow the financial sector to fall and bring all the dominos down with them. The banking system was at the precipice of a collapse that would have meant the end of the world as we know it. I say they did what they had to do and I stand and applaud them for it.

Sagamore

 how much money that we don't have do we give them ?????????

the more they all get the more they want.

they find loop hole to use the money anyway they want,then they need more .and get it

Any fool knows your not getting out of debt spending more than you have

Wake up about obama  smell the coffee

MORE MONY FOR BANKING USE IT ANYWAY YOU WANT

The shift means that most Citigroup employees will make as much money as they did in 2008, although some might earn more and others less. The company also plans to award millions of new stock options to employees in an effort to retain workers and neutralize a precipitous drop in the value of their stock holdings.

Like Citigroup, financial companies like Bank of America and Morgan Stanley are raising employees’ base salaries in an attempt to shift attention away from bonuses. So are banks like UBS and other European competitors.

The Citigroup proposals, discussed internally this week, present a crucial test for the Obama administration, which has vowed to rein in runaway compensation at companies that have received large taxpayer-financed bailouts. Citigroup has gotten not one but two rescues from Washington. This month, the government assumed a 34 percent stake in the company, whose share price has plunged nearly 84 percent in the last year.

Despite Washington’s new role at Citigroup, and public anger over big paydays on Wall Street, administration officials have little power to prevent the company and others in the industry from raising salaries for rank-and-file employees. Kenneth R. Feinberg, the administration’s new “pay czar,” has the authority to set compensation for only the top 100 employees at troubled companies. The rest — which at Citigroup, means fewer than 300,000 people — can be paid as executives see fit, provided any increase does not rank them among the 100 most highly paid workers.

 WAY TO GO OBAMA

Your right Adrien, even this fool knows you can't spend your way to prosperity. However, that said what would you have done if the decision was up to you? Would you have saved the banking system or allow it to fall and thrust mankind back to the middle ages at best? I know all about the greedy bankers and their bonuses. I don't agree with that either. But, what would you have done?

 our right Adrien, even this fool knows you can't spend your way to prosperity. However, that said what would you have done if the decision was up to you? Would you have saved the banking system or allow it to fall and thrust mankind back to the middle ages at best? I know all about the greedy bankers and their bonuses. I don't agree with that either. But, what would you have done?

 I'd let the banks Fall 

The strong banks would have made it . The banks that were run the right way. Not all banks need that bail out to stay open

 Everyone could do just fine with out crooked banks and crooked credit cards 

BUT OBAMA wouldn't have the backing of the major banks if he let them Fail

That sounds good but that wouldn't worked. The big banks folding would have created a domino effect and the entire monetary structure would have collapsed.