President Obama On 2012 Election Campaign Trail
President Obama on 2012 election campaign trail
On 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 Pesident 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. http://jon-ewall.hubpages.com/hub/barakobamacampaignpromises
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!
Your Author Jon Ewall
Jon's website http://www.chicagoconsultant.com/page1.php
Your author is a online marketing consultant of products offered on the internet. Jon’s website blog contains a variety of interesting subjects and articles that he has written