Obama Slams Republicans While On Vacation

Barack Obama

Never mind the economy is in the toilet, U.S. President Barack Obama is phoning home insults about rival Republicans, labeling them the party for the rich, whilst he vacations in a posh part of the American state, Maine. Clearly, the irony of that was lost on the President. Considering Obama is now rich as well, thanks to book and other deals, that dig didn't resonate as he intended it to do.

Obama has stated, the Republicans are holding back America's progress and he is right. But so are the Democrats. Congress as a whole, through poor oversight, inadequate policies and full-on corruption, brought America to this place.

Obama is killing that ice cream

So yes, the Republicans AND Democrats in Congress are to blame for holding back America's progress, not the American people, who work each weekday to pay their taxes, only for Congress to blow it on things the people do not approve of in the least.

Congress has exhibited no real control over the FBI and SEC, who are supposed to police and prosecute crimes in the financial sector. As a result, greedy financial criminals wreak havoc on the economy via ponzi schemes, bad mortgages, theft and very risky investments.

Work Hard And You Will Succeed?

U.S. President Barack Obama

The 2008 financial crisis bankrupted a lot of innocent people, who lost their life savings, pensions, kids tuition funds, homes and cars. People worked hard, saved their money and lost everything, due to greedy people in the corporate sector that flouted the law and shunned human decency.

People promote hard work as the way to success and it is in society. However, that message is greatly diminished, especially for the youth in society, via the horrible example the government has set, in allowing people in the corporate sector, who have engaged in egregious financial crimes that harmed many in the America and the world, to roam free and continue to take advantage of hardworking people.

Congress, the FBI, DOJ and SEC, have shielded the majority of financial criminals in the corporate sector from accountability. Shame on you. Shame on you, indeed. Which path do you expect kids will aspire to walk down when they see such hypocrisy and corruption coming from the government.

U.S. Stock Market Plummets 1000 Points

Vice President Joe Biden (left) and President Barack Obama (center)

The U.S. stock market wildly fluctuated today, even plummeting 1,000 points at one point, on the news of economic turmoil coming out of Greece and the massive oil spill on the east coast of America.

America is steeped in a terrible financial depression, where historic records have been set in the number of foreclosures and company collapses. Certain U.S. states have also recorded a record number of job losses. Yet, during this financial turmoil, the U.S. stock market kept soaring, with seemingly nothing to back it up.

Greece Riots

The U.S. Financial crisis of 2008, which began in Corporate America, has negatively impacted America and the world, in an ongoing and devastating depression that has not yielded. The fallout from which, can been seen today, in riots currently transpiring in Greece. Other nations such as Britain and Iceland have suffered massive job and economic losses.

An international effort is needed to create failsafes for the global economy, lest the same crisis reboots itself in America, but at worst levels and spreads all over the world again (as predicted last week).

Greece Riots

Wall Street is in dire need of regulation. There is still a massive amount of financial fraud in Corporate America. The SEC, FBI and DOJ, have done a terrible job in stemming the problem, costing millions in America and the world, all they have worked for in their lives.

This simply is not moral, just or decent. It poses a severe danger to the economic survival and development of the world and something needs to be done. There is no such thing as easy money. It always comes at a price. There is no substitute for hard work and honesty.