Hi lindabaker,
You are absolutely right. The ceiling of the US debt has been rasied and raised again since at least 2004 along with tax cuts by bush.
However, and I'm not trying to take sides here, I'm sure that Obama is intelligent and wise enough to know before he made himself a candidate for the presidency what a mess the US economy was in and what was going on. If he was on the level he could have done what Peter Schiff has done and over the last few years gone against the flow and tell it how it is.
By keeping quiet he does make up part of the plot. If he's left carrying the baby, it's because he agreed to it. Would you not agree?
Best regards,
Steve
Quote:
Originally Posted by lindabaker
Seems to me that the planned theft took place in October 2008. I remember Obama being elected in November. How does that make him the thief? It was the Bush administration, and most congressional members voted for it, including Obama. The kool aid was made and consumed before we had a last ditch effort of getting Obama into place on Nov. 4. of last year. It was too late then, but most did not realize it. Now, Obama is getting blamed for it, and is helpless against the ones who put it into effect. Start looking into the events prior to his election. You will see the collapse had roots in the 1980's when US law changed, allowing investment banks and regular banks to merge their operations. This put the derivatives and other financial instruments into place as the weak link in the banking chain...Obama was still in college at Harvard then. He was a very convenient person to blame in the huge shell game. More information will come out...you will see.
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