President Obama On 2012 Election Campaign Trail
75On 4/22/11, President Obama on 2012 election campaign trail announced that he is naming a panel to investigate the rising price of oil and if speculators in crude oil prices are breaking the US commodity trading laws. He commented that using foreign oil is putting $ millions of US dollars in the hands of people who do not like us. For whatever reasons President Barack Obama has failed to release oil drilling permits and has curtailed the oil companies from restarting production here in the United States. The head of our government is exposing his opposition to the oil, gas and coal industries.
The high oil prices are not helping the poor, middle class and small businesses to get out of the recession. When President Obama took office in Jan 2009, a gallon of gasoline was $1.843. On 4/23/11 gasoline prices hit $5.16 a gallon in Florida and California. In Jan. 2009 a barrel of oil was $37.74, today on the world market crude oil prices hit $124 a barrel and here in the US IT HIT $112 a barrel. One must wonder when the president will understand that the national security is at risk and that Obama’s inactions are not in the best interest of the American people and the economy.
When the Democrats won majority control of Congress in 2006, oil prices began to escalate. Than Senator Mc Caskill held a hearing in June of. 2007, in that hearing a witness testified that the rise in speculative commodity oil trading was due to Congress amending the commodity laws in Dec 1999, President Clinton’s last year in office.
The witness, Michael Greenberg ** testified that Congress could by a simple vote restore the law as it was in 1999 . He claimed that just an announcement by Congress and the President, oil prices would drop 25%. Needless to say the Democrats did nothing. Oil went from $45 to $124 a barrel. End result was another cause to the worst recession in the nation's history. I have e-mailed the Senator and have reminded her of the hearing, S.HRG. 110-235 Excessive Speculation in the Natural Gas Market dated June 25/2007. Mr. Greenberg’s written testimony starts on pg 137 and ends on pg 146, pg 10 of his testimony.**http://digitalcommons.law.umaryland.edu/cgi/viewcontent.cgi?article=1009&context=cong_test&sei-redir=1#search="SENATOR+MCCASKILL+SENATE+HEARING+2007+ON+OIL+PRICES+SPECULATORS"
The present President of the United States has taken a ‘’do nothing ‘’position and is content with his push for alternate fuels while home gasoline prices hit $5.16 a gallon.
The news media reports that President Barak Obama will raise $1 billion dollars for the 2012 election campaign which was started months ago. Unions and big business contributors are supporting his run for a second term. The AFL-CIO unions, Goldman Saks, wall street bankers including speculators, George Soros funded special interest groups, General Electric, News Media organizations, Google, Face book, organizations that have received federal grant monies and large banking firms many of which received Stimulus Funds and an assortment of tax breaks. In 2007 as a presidential candidate, Obama said ‘’he will rid Washington of special interest lobbyist if elected’’. Many associates of the above have been appointed to special committees by the president.
When President Obama speaks of the Republicans supporting tax breaks for the wealthy, one must wonder why his contributors are not mentioned. When President Obama than candidate Obama , once said ‘’you need to see who I surround myself with’’. at that time he was naming some of the people that he would enlist in his cabinet. Mr. Trumka, president of the AFL-CIO stated that he either meets with the President on a weekly basis, in the Whitehouse or has telephone conversations with the President. The president of SEIU unions, Andy Stern was a regular guest shortly after his election. On occasions, Mr. George Soros had meetings with President Obama. In the early days before the presidents political career began he worked for Acorn in Chicago. Before Acorn was investigated by the government for voter fraud, Acorn was receiving $ millions in federal grant money. Many associates of his from the past have been given direct contact to members of the President’s administration.
Big union money got him elected and there should be no doubt that thru his efforts, unions have been a recipient of much of the stimulus money and the saving of union jobs throughout the country .The $700 billion Tarp bill passed in Nov 2008 under the Bush administration was left for President Obama and the super majority controlled Democrat Congress to administer to the financial banking industry. It has been reported that only $325 billion of the Tarp bill was needed. The CBO reported that all the funds would be returned plus interest, hence the taxpayers would make money. If that’s a fact, the Bush 2008 deficit would have been only $600 BILLION rather than the $1.3 trillion that the Democrats claim. Another true statement except that the statement is not the whole truth.
Watching the president speak at his rallies on the 2012 election campaign trail about his deficit reduction plans which lack much details of how he will accomplish them, the president will change the subjects to chastising the opposition party for keeping the Bush tax cuts and berate the Ryan 2012 budget. Obama now says that the deal that he brokered in Dec 2010 to extend the Bush tax cuts for the rich will not again be extended when they are due for expiration in 2012. He went on to say that in his plan, MILLIONAIRES AND BILLIONAIRES need to be taxed more. Somehow one must wonder why the millionaires/politicians end up paying far less than the highest tax rate. For taxpayers making over $200,000 to $250,000 ,the rate will go up to 39%,that rate includes millionaires and billionaires. Many small businesses are not millionaires for making $200,000 to $999,000.
President Obama, the Democrat controlled Senate and the Republican controlled House of Representatives will have a need to work in a bipartisan way to control spending and reduce the national debt. The Democrats have had control of Congress since 2006 and after the 2010 elections, the Democrats still control 2/3 of our government. Under the Obama Administration the yearly deficits has increased the national debt $4.5 trillion. A second round of oil speculation and rising prices in food, gasoline, corn, wheat, clothing , healthcare costs and a stagnant economy with the devaluation of the American dollar ( loss of 20% value ) requires our governments immediate attention.
The campaign for the 2012 presidential race has begun by President Obama. For him to say that the Bush tax cuts benefit millionaires and billionaires without mentioning small businesses is disingenuous and a distortion of the whole truth about the Bush tax cuts. Allowing the Bush tax cuts to expire is nothing but a tax increase on small businesses and the working poor. The president needs to tell the American people the truth regarding his budget, how he intends to reduce the national debt and control yearly deficits. The people have not forgotten what he promised in the last election. Can you remember when candidate Barak Obama said that he would reduce the DEFICIT 50% in his first term. Really!
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Just what we need! Oh yeah, pay some panel our tax dollars to look into the obvious.
Drill - Baby - Drill. Instead he wants to point the finger away from the real problem - HIMSELF!
Great Hub Jon. Check out my latest. I show him stating something about disclosing the truth.
The Frog
Great hub Jon! You right on the money with this guy...makes me sick whats happening to our country!
Can you imagine the damage Obama will cause before he gets out of office, knowing this is his last term. Oh, that's right, he doesn't know that this is his last term, does he?
Another good one Jon,
In the above comment you said, 'Since Obama took office the government has hired some 55,000 new employees' and 'the private sector has lost 15 million'. My question is, how many of that 15 million were enticed or even forced to become part or all of that 55,000 out of pure financial necessity?
Thanks
Chuck
Voted up and useful. Too bad it isn't a joke and I could vote funny. The president's policies are disasterous. Good Hub.
john-
more and more everyday-Bo reminds me of Carter- except Carter never came off as arrogant like BO-Carter was a likeable country bumpkin, obama a fierce ideolog,
Great hub- on the target-
I remember when Dems n media were flipping out about $2/gallon gas- now its almost triple that and not a word...
i hope the Gop in 2012 hammer that homeDrill Barry drill....
Th
Love your articles, Jon. Keep them coming.
Quite frankly, if I were Obama I would even run for a second term. I'd say: "Screw it! I tried!" And then I'd expatriate and move my family to The Bahamas. He could easily adjust. Bahamas? Hawaii? What's the difference?
Unfortunately-his ego and ideology will not let Barry quit. He will fight to his death pushing he leftist-socialist ideology.
D
mjb,
obama will never quit he and his ego believe he is right...he will never quit- i wish he would.... hhe is the worst president ever...ever
winchesters ghost
It seems impossible Jon but somehow the president manages to be on the wrong side of every issue! The oil issue is a no brainer; remove all possible barriers and-DRILL!!! This is a major step that could jump start the economy! I’d like to get to the bottom of how that $375 billion dollars in tarp money disappeared; it might be worth looking into! I have difficulty believing the president is NOT aware of the effects of raising taxes on small businesses! The question I’m ALMOST afraid to ask is WHY! Regards WBA
JE,
Barry just keeps getting worse-
everytime we move another stone-we find more sludg and slime- companies like cylindra- who opened got milions of $$$ and then -*poof* disappear...
how many others are there???
how many other fraud jobs are there??
I seem to remember jobs being created in non-existing voting district....
TH
Hi Jon- I guess you’re right; the president wasn’t kidding when he promised to “spread the wealth around” but you would think that even he wouldn’t want to kill that goose that lays the golden eggs, by raising taxes on small businesses in a recession. Maybe he thinks he can shift blame to republicans or the wealthy, he’s been pretty successful so far!-WBA
Jon- Reagan wasn’t kidding when he said, “government is not the solution, government is the problem!’’ We’re starting to feel the pain for our foolishness as a nation; maybe the good news is that we’ll finally decide to get back to God and the Constitution.
Jon,
you dont have to convince me o buma is a menace to the very fiber of the country-
I just want the GOP to sack-up and FIGHT like they want to win-not being nice guys like mcCain- look where that got us yet lets not be fruits like ron paul either i hope that jack hole doesnt run either....We all have to have three goals
1. get rid of barry
2. close the borders n send those that dont belong here somewhere else
3.build up our military because China is really starting to look fierce....
TH












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Ghost32 Level 8 Commenter 12 months ago
Nicely delineated, Jon. Of course, when you say, "The President needs to tell the American people the truth" regarding ANYTHING, we do realize that "needs" is code for "ain't gonna happen, eh!".
Or words to that effect.
Voted Up and everything but Funny.