Our Country is in Dire Straits. Our leaders have gone on a spending binge that has us on a course to a financial meltdown. We have lost control of everything. It seems its 1979 all over again.

These are some of the headlines from today.

President Barack Obama said on Tuesday that worrying about the U.S. government’s finances “keeps me awake at night” and the country needed to start planning now to tackle soaring deficits. Washington Post

Obviously Obama doesn’t give a rats ass. Barack Obama is now pushing his latest spending frenzy with a $1.6 trillion dollar socialized medicine plane. I understand that healthcare costs are out of control but socialized medicine is not the answer. Just ask anyone who has endured it.

Senate sources say the latest cost estimates for health care legislation are around $1.6 trillion over 10 years. Yahoo News

Another source states the real number is closer to 4 trillion dollars.

the-all-obama-channelIt isn’t enough that Barack Hussein Obama is pimping his plan at every dog and pony show but he has now commandeered the All Barack Channel (ABC) to run his govermercial care bull.  In addition to running his govermercial care the President is failing to provide equal time to the other side of socialism. How convenient? Where the hell is Michael Moore and his in convenient hijacking of public TV channels? The FCC wouldn’t allow this shenanigans during an election.  The RNC has filed a complaint to ABC News but was mocked.

Thanks for the logo Michelle Malkin

On the night of June 24, the media and government become one, when ABC turns its programming over to President Obama and White House officials to push government run health care — a move that has ignited an ethical firestorm!  Drudge Report

Thats odd no rebuttle by the “other” party.  Didn’t Bush at least do that?

Obama to propose strict new regulation of financial industry. The plan would give the government new powers to seize key companies whose failure jeopardizes the financial system, as well as creation of a watchdog agency to look out for consumers’ interests. LA TImes

Can anyone name a company that any government entity has run better than the private sector? Oh yeah none. Obama has created more “government” owned companies than any other President other than maybe Hugo Chavez.  Look for more taking of power from private hands and giving it to the government.

And why is government so inefficient in business? It is because there is no incentive to do otherwise. No government employee makes more money for saving time or money like in the private sector. There is also the ego and power boost of kingdom building in government. You gather employees and money to create more power for your government department.

Anyone with half a brain can figure out that the auto bail out was a scam by the Obama administration to seal in the UAW vote in the next election. We didn’t need to bail out the auto industry. It would have been just fine under bankruptcy. The only difference is that with this bail out the unions survive another day. A huge mistake sooner or later those huge labor costs are going to have to pay up.

The Federal Reserve, already arguably the most powerful agency in the U.S. government, will get sweeping new authority to regulate any company whose failure could endanger the U.S. economy and markets under the Obama administration’s regulatory overhaul plan. Washington Times

Oh yes we need more power in the Federal Reserve to balance financial power. NOT! We need it spread out so that one group doesn’t become too powerful and upset the balance. Can’t anyone see the problem with our economy.  We had a financial sector get to far out of whack and it killed its investment vehicle real estate. Everything else in our economy is just fall out from a stark market “correction”.

Obama Says U.S. Jobless Rate to Reach 10% This Year and China, the largest U.S. creditor, with $767.9 billion of debt, has shifted purchases of Treasuries into shorter-maturity securities amid concern about unprecedented debt sales. Bloomberg News

Um that’s awkward with our key investor changes investment strategies.

We had to pay out $700 billion in porkulus I mean stimulus because we would lose too many jobs without it. Um didn’t the President say that unemployment would not rise above 8%. We are currently at 9.5%.

So what lies ahead in our future…

Let’s look to the ultimate American socialist state Kalifornia.

California Democrats Seek Tax Boost as Battle Looms  Bloomberg News

It appears with the economy in the crapper, no jobs, no revenue no money so the answer must be raise taxes especially on energy a key component to job creation. Hello friends we are about to see a tax increase that is unmatched in the 233 Year history of America. I suspect we will see more tea parties very soon.