Posted by: rotenochsen | January 31, 2009



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Jan. 31st, 2009 | 11:00 am

Last week Our President gave an interview with Hisham Melhem of the Saudi-owned,Arab television network,Al-Arabiya satellite network.
He sent the message that he intended to change the negative attitude of the previous administration towards the Arab world, and expressed the desire to get back to the “good” relations the USA had 20 to 30 years ago. Specifically, he said: ” “There’s no reason why we can’t restore that.”

The speech was typical of one that Obama would give to his Obamaphiles that want peace at any price. But the speech was not one that took into account the historical facts of 29-30 years ago!

The Patriot Post has a piece written by Col. Oliver North that recounts the facts that President Obama ignored when he spoke to the Arabs of the World.
Excerpts from his article appear below, and show just how far from reality Obama and his handlers will go to confuse, obfuscate and twist facts to make their point. He intends to accept all Arab nations as partners in his World Government approach to “CHANGE”!

That is all except Afghanistan, where he plans to send a force of 30,000 soldiers into the “meat grinder” that the Russian full force of Arms failed to conquer in the days when the USA supported the Taliban.

OBAMA “talked about “communicating a message to the Arab world and the Muslim world that we are ready to initiate a new partnership based on mutual respect and mutual interest.” He also responded to his interviewer in ways that denigrated his predecessors, by expressing his desire “to listen (and to) set aside some of the preconceptions that have existed and have built up over the last several years.”

During the interview, Mr. Obama also spoke wistfully of the “respect and partnership that America had with the Muslim world as recently as 20 or 30 years ago” and added, “There’s no reason why we can’t restore that.”

Some will say it isn’t fair to make our new commander in chief stick to the facts. That’s the trouble with television interviews. They are on tape and stay around for years. If you are going to do them, it helps to know the facts. Let’s see, 30 years ago — 1979 — the year that Ayatollah Ruhollah Khomeini returned to Iran, the “Islamic Revolution” was proclaimed, the U.S. was first described as “the Great Satan,” our embassy in Tehran, Iran, was sacked, and 53 Americans were held hostage for 444 days. That’s probably not the kind of “respect” Mr. Obama had in mind.

How about 20 years ago — 1989? While investigators still were combing the wreckage of Pan Am Flight 103 in Lockerbie, Scotland, Libyan dictator Moammar Gadhafi sent MiG-23s to attack a U.S. Navy carrier battle group in the Mediterranean Sea. Final score: U.S. Navy 2, Libya 0. Ayatollah Khomeini issued a fatwa to kill Salman Rushdie. Islamic radicals murdered the president of Lebanon, and Saddam Hussein issued mobilization orders in preparation for invading Kuwait the following August. Some “partnership.”Source: Patriot Post

It appears to me that the truth is not one of the things that comes easy to this new President. The most glaring example of the Semantics gymnastics used by Obama is his constant reference to the “fact” that this recession we are in, is the worst since the Great Depression of the 1930’s.
The following is a portion of the Wikapedia posting on Recessions.
“According to economists, since 1854, the U.S. has encountered 32 cycles of expansions and contractions, with an average of 17 months of contraction and 38 months of expansion.However, since 1980 there have been only eight periods of negative economic growth over one fiscal quarter or more, and four periods considered recessions:

January-July 1980 and July 1981-November 1982: 2 years total
July 1990-March 1991: 8 months
March 2001-November 2001: 8 months
December 2007-January 2009: 13 months and counting*
* Note that this latest recession doesn’t meet the traditional two quarter drop in GDP, yet it is considered a recession by the NBER.

From 1991 to 2000, the U.S. experienced 37 quarters of economic expansion, the longest period of expansion on record.[28]

The facts as offered by history show that he is distorting the truth to sell his $900 billion behemoth of a program, that I believe will not stimulate the economy. All it will do is devalue the dollar and bring hyper-inflation down the road!

“The American people deserve to know that the president’s call for a compromise has been completely ignored by House Democrats who would use a time of national economic crisis to fund their big government priorities under the guise of stimulating the economy. … The Democrat bill won’t stimulate anything but more government and more debt.” –Rep. Mike Pence (R-IN)

One other item of interest is the attempt by Obama to blame the “RICH” Capitalists in Washington for the economic mess we are experiencing. He talks about the obscene bonuses of Wall Street, and they are too high, but he ignores the fact that the government caused the housing bubble to grow to such horrendous proportions by the actions of Barney Frank and his committee, and the demands on the “Fannies and Freddies”to loan to people who could not and would not be able to pay the mortgage.

Since 1995, house prices have risen by more than 70 percent after adjusting for inflation. This has created $8 trillion in housing bubble wealth. The run-up in house prices has led to a predictable oversupply of housing; an oversupply far beyond anything the country has ever experienced, with the inventory of unsold new homes 70 percent above its previous record and the number of vacant ownership units nearly twice the previous peak.

In other words, this isn’t just about those “subprime” mortgages, but rather those sorts of bad loans are a consequence of grossly exaggerated home prices. The cost of housing has ‘forced’ lenders to lower their standards for giving out loans all the way to zero down-payment so that people can afford to keep buying them.

Simplified, the loans are but one part of the total issue that is sending the economy downward. The fundamental issue, as the in-depth analysis demonstrates, is absolutely unsustainable in the long term, and does not appear sustainable even in the immediate term. This bubble has given way to its own superficiality by virtue of the fact that high home prices have led to a huge record number of unsold homes, thereby causing prices for homes in general to decline. The declines, as we are seeing on Wall Street now, are already leading to widespread defaults and foreclosures since they are resulting in homeowners finding themselves with negative equity.
These defaults and foreclosures, in turn, are causing a further affect on prices, causing a vicious cycle of downturn. The downturn is affecting corporate profits and inflated stock values. These affects lead to widespread consequences throughout the economy. And we are already seeing spillover affects, with consumer spending (responsible for 60% of the gross domestic product) in considerable decline and the unemployment rate rising. Source:CEPR Report
But Obama and his supporters like George Soros, wants to socialize the USA, so he talks about the evils of Wall Street!

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