Who Is Monitoring Government Spending

U.S. President Barack Obama

In light of the vast, unruly government spending, squandering and stealing of taxpayer money, numbering in the billions, exactly who is monitoring government spending. Whoever they are, they're doing a very poor job, with emphasis on the word "poor" as that is where this is headed. Where is the accountability in government Obama promised.

The Judiciary Report realizes a some of the waste and theft, did not occur under the Obama Administration, but as he is in office at the present time, he must give an accurate account for the people's money.

The State Of The U.S. Economy

U.S. President Barack Obama

The U.S. economy is in dire straits, as 15 million Americans are unemployed and 18.9 million homes are in foreclosure. The national deficit is set to hit $11 trillion dollars as well. These problems are compounded by the fact, there exists a terrible breed of corruption in government, stealing and squandering billions in taxpayer money.

It was reported today, $8.7 billion in taxpayer money designated for rebuilding Iraq, cannot be accounted for by the U.S. Pentagon, also known as stolen. The FBI has wasted close to $1 billion dollars on a failed computer system that is being deemed a failure, as it was announced this week, the remaining phases of the roll out have been scrapped.

The FBI's parent agency, the Justice Department, headed up by, Eric Holder, have also been accused of wasting huge sums of taxpayer money on trips, parties, arcading and skateboarding.

This year, President Obama's alleged job creation program was also an unmitigated disaster, as billions in taxpayer money was misappropriated and squandered by government officials (see: stolen). It bears the handprint of corruption.

Billions in U.S. taxpayer money is also being wasted on illegally spying on millions of Americans, in criminal violation of the Constitution, when that money could go to better things. However, President Obama, like Bush before him, has engaged in this misconduct as a continuation of illegal programs at the FBI, CIA and NSA.

The nation's finances are a mess. America is hemorrhaging money everywhere and it is adding up quite negatively. The government and bands of the corporate sector are deteriorating America - the same America they will have to live in. There is a crass phrase that states you don't defecate where you eat and that's exactly what the government is doing.

This unprecedented corruption is not conducive to prosperity. The American way of life is being destroyed and replaced with something unfavorable, laden with hardships. Prevalent misconduct, overspending and corruption in government is not funny or amusing, as it is building up to a serious financial calamity that will make 1929 and 2008 look like good fiscal years.

U.S. Attorney General, Eric Holder and First Lady, Michelle Obama

Side Bar: U.S. Attorney General, Eric Holder, has announced he plans to investigate and prosecute financial corruption in government in nations such as Africa. Open your eyes. You need to start in Washington, but you wouldn't lock up your own buddies, now would you. Furthermore, since when does your Congressional mandate extend into other sovereign nations you have no jurisdiction or authority in.

STORY SOURCE

US home ownership reaches 10-year low

Audit: US cannot account for $8.7B in Iraqi funds

Justice Dept. parties with tax dollars — arcade games, bowling, and skateboarding!

Obama To Go On Vacation Again Next Month

U.S. President Barack Obama and family leaving the White House to vacation in Maine

It's amazing that while on vacation this week in Maine, U.S. President Barack Obama, has announced he shall go on another excursion next month, visiting Florida's Gulf Coast for a getaway with his family.

Thus far, Obama has taken 9 vacations in the year and a half he has been in office. Many have criticized him for this excessive leisure time, especially considering the nation in still in the midst of an unprecedented financial crisis. However, he has brushed off the criticism.

U.S. Unemployment Benefits Extended

U.S. President Barack Obama

The U.S. Congress has passed legislation to extend the unemployment benefits of 1,300,000 million people, until November 2010, when the matter will come up for review again. Republicans want some of the remaining stimulus money to pay for it and that's not a bad idea.

The government can also follow the Constitution for a change and drastically cut back on spying on Americans, which would save billions of dollars in surveillance fees at the FBI, NSA and CIA. That's provided one or all of those agencies do not create a national crisis to keep said illegal spying projects going (oh, they're not above doing that and have in the past).

In the meantime, the White House and Congress need to work on job creation, as they have not done a good job in this endeavor thus far. Too much taxpayer money has been wasted and not enough jobs created.

A sound job plan is needed, using preexisting government workers to undertake its implementation. This will save on costs and allow a maximum number of jobs to be created. The government bureaucracy, red tape and corruption needs to go, as people need work.

STORY SOURCE

President Obama signs six-month extension of emergency unemployment benefits

U.S. Unemployment Benefits Receive A Second Look

U.S. President Barack Obama

The Democrats are attempting to push through legislation to extend unemployment benefits to Americans that have lost their jobs. As stated two weeks ago, the Judiciary Report was not amused when people's benefits were stalled, as for 1.3 million people in America, it could mean the difference between staying in their home or apartment or being out on the street.

I understand Republicans are concerned about where the $33.9 billion will come from to cover the costs, but it is of greater priority than other financial initiatives on the table, which need to be scrapped, such as billions for walking and bike riding paths, as is being implemented by President Obama.

I've got news for you, if one does not have a job, one does not wish to go walking, but to stay in one's house or cardboard box and feel sad, as that is the natural human instinct in such a predicament. However, it is best to get up and get out there, go for a walk around one's neighbor hood or to PREEXISTING parks that exist in virtually every U.S. city.

Another major, multi-billion dollar item that can be stricken from the U.S. budget during these hard times, is the massive electronic spying network, invading the privacy off millions of Americans, via the FBI, CIA and NSA.

If the government monitored Americans less and foreign terrorists more, they'd catch a lot more Jihadists and save many billions of dollars. Billions upon billions of taxpayer money is being wasted spying on innocent people, in violation of the U.S. Constitution. If this unruly spending continues, in the future, America government will not be able to afford a federal government.

The Judiciary Report is also still of the belief the site's job creation plan would work. The White House has simply overpaid for jobs that would not pay a third of what the government ended up allocating thereto, in the real world, which indicates bureaucracy and kickbacks ate up a lot of taxpayer money. This is something very vital the government could not afford to get wrong, but astonishingly did. They are attempting to try it again. Here's hoping it turns out better this go round.

Jesus Himself could come down from heaven, hand the government a sheet of paper with detailed instructions on how to fix the U.S. economy and they would still mess it up.

RELATED ARTICLE

U.S. Unemployment Benefits Stalled

Obama Can't Count!

U.S. President Barack Obama to financial expert Warren Buffett: So, what you're saying is 1+1 makes 2?!

When one looks at the national expenditures, one automatically comes to the conclusion, dear Obama simply cannot count. The nation was already in massive debt, when he took over, thanks to former U.S. President, George "I Can't Pronounce My Words" Bush, but Obama's spending, with no end in sight, has made it significantly worse.

The nation needs a frugal President, who is not afraid to say no to certain types of spending and isn't indebted to special interests, for helping him get elected. Without that, America is not going to make a full financial recovery anytime soon.

RELEVANT READING:

Fall of Barack Obama

America's Confidence In Obama Hits All Time Low

President Barack Obama

According to a recently conducted Washington Post poll, Americans' confidence in President Barack Obama and his ability to solve the nation's problems, have hit an all time low. The poll found 1 in 6 Americans do not believe he is up to the task as President, especially with unemployment and the deficit rising.

EXTERNAL ARTICLES:

Confidence in Obama reaches new low, Washington Post-ABC News poll finds

Deconstructing confidence in Obama

Obama Rep Equates Economy With Cancer

Erksine Bowles

On July 11, 2010, the co-chairman of U.S. President Barack Obama's Debt Commission, Erksine Bowles, compared the declining American economy to cancer. He said the current national budget and debit is and I quote, "a cancer that will destroy the country from within."

Yes, I know. I said that already 2-years ago in the article The Global Bush Effect: "It's a financial cancer, that due to international cross collateralization and open-end monetary instruments, is metastasizing, when the problem should have been detected early, and there were symptoms, isolated, contained, then the appropriate treatment applied."

It's amazing that 2-whole-fiancially-painful-years later and the government still has not improved and is in the same financial sinkhole, only deeper. It's astonishing that it's taken all that time for the government to realize this fact. However, the question is, what are you going to do about it, as talk is cheap.

Side Bar: Don't talk about cancer around Obama. He will break out a shovel and dig up his best manure in your direction. You would think with someone that smokes the way he has and does, he'd have a vested interest in curing the disease.

Obama's debt commission warns of fiscal 'cancer'

Monday, July 12, 2010 - BOSTON -- The co-chairmen of President Obama's debt and deficit commission offered an ominous assessment of the nation's fiscal future here Sunday, calling current budgetary trends a cancer "that will destroy the country from within" unless checked by tough action in Washington.

The two leaders -- former Republican senator Alan Simpson of Wyoming and Erskine Bowles, White House chief of staff under President Bill Clinton -- sought to build support for the work of the commission, whose recommendations due later this year are likely to spark a fierce debate in Congress.

Bowles said that unlike the current economic crisis, which was largely unforeseen before it hit in fall 2008, the coming fiscal calamity is staring the country in the face. "This one is as clear as a bell," he said. "This debt is like a cancer."...

http://www.washingtonpost.com

Democrats And Republicans Fighting Over Financial Reform

U.S. President Barack Obama

Yes, they're fighting again. This time over financial reform. The Democrats and Republicans in Congress, along with U.S. President, Barack Obama, cannot agree on financial reform for America.

There is no question it is need, as the country is in financial straits, faced with soaring deficits, job losses, foreclosures and bank collapse, but a suitable and agreeable plan has not been found.

They need to find one quickly and make sure it is ram packed with budget cuts and the elimination of fruitless, taxpayer wasting programs that only benefit politicians and the rich. Anything less will not contribute to an economic recovery. And everyone can agree, America needs to get out of the current financial quagmire breaking the nation.

Joe Biden: We Can't Replace The 8 Million Jobs Lost

Vice President Joe Biden

Last week, Vice President, Joe Biden stated the Obama administration will not be able to replace the 8 million jobs that have been lost during the ongoing financial crisis. Oh, yes you could have. Had you followed the Judiciary Report's job creation plan and had tight controls over how the stimulus money was disbursed, the goal could have been achieved.

However, what the Judiciary Report feared and wrote about in advance, hoping it would not happen, did via government overpaying for jobs. As a result of that government bureaucracy, poor planning and financial misappropriation of taxpayer stimulus finds, less jobs were created. You overpaid for the creation of each job, with money that could have created 3-5 positions (each time), had the project been carefully undertaken. Multiply that by each time it happened and billions were wasted.

Obama Has Lost Sight Of His Goals

President Barack Obama

U.S. President Barack Obama has lost sight of the goals and lofty ideals he professed, when he swept to victory and into office a year and a half ago. This abandonment of ethics has greatly damaged his presidency, leaving many bewildered and confounded.

It is always sad when politicians stray from what they initially claim to be their moral code, as in the end, the people suffer when they are not given what they were promised. It's the general wish of all men to have a better life. We are all striving for something better and deserve more than broken promises.

America Loses Confidence In Obama

U.S. Vice President Joe Biden, President Barack Obama and General David Patraeus

New polls indicate America has lost confidence in President Barack Obama, with his poll numbers dipping to new lows and many newspaper websites questioning the direction of his presidency.

The rising national deficit, trillions in spending and more plans of the same, have shaken the public's confidence. These issues have been exacerbated by the Louisiana oil spill and the president's less than satisfactory handling thereof.

Department Of Justice Still Shielding Rich Criminals

Attorney General Eric Holder

The Judiciary Report has remarked for several months, there has been a very low number of arrests by the Justice Department of criminals in Corporate America that caused the unprecedented financial crisis of 2008 that is still negatively impacting the economy.

Some of the nation's richest citizens, brought America to this terrible point of financial ruin, robbing many of their life savings, pensions and homes and should be held accountable in a court of law.

The sad fact of the matter is the Obama Administration is following in the footsteps of the Bush Administration, in protecting high profile, wealthy criminals in the corporate sector, who continue to engage in egregious financial crimes. The nation and the world expected more from Obama.

Cases against Wall Street lag despite Holder's vows to target financial fraud

Friday, June 18, 2010 - Since taking office at the height of the financial crisis, President Obama has promised to hold Wall Street accountable for the meltdown. Attorney General Eric H. Holder Jr. reinforced that message in November when he vowed to prosecute Wall Street executives and others responsible for the crisis...

Nearly 1 1/2 years into Obama's tenure, despite several cases against mortgage companies whose lending practices contributed to the crisis, the administration has not brought any charges against the big Wall Street banks that took those loans, converted them into toxic securities and pumped them into the world's financial markets. Law enforcement sources say no such charges are imminent...

http://www.washingtonpost.com

U.S. Unemployment Continues To Rise

U.S. President Barack Obama's plans to tackle the nation's unemployment crisis, is not working, as the claims continue to rise, adding to the number of those who are without work. The government needs a new plan.

STORY SOURCE:

New jobless claims up sharply as layoffs persist

This Unemployment Problem Is Not Going Away

U.S. Jobs Report Exaggerated

U.S. President Barack Obama

Several mainstream news outlets are reporting, U.S. President Barack Obama touting today's national job report, as proof the recovery is working, is a fraudulent claim. The economy added 500,000 jobs, but the majority of those positions, 411,000 posts, were for seasonal Census report workers. Translation, those were very temporary jobs.

Obama's claims have thus been disproved. The President needs to stop relying on artificial results and get to the root of the real problem at hand, as pretending the unemployment problem is solved, when it is not, will only cause more damage in the long run and do greater harm to the American people.

It is time to develop a sensible job plan, where the nation can create the maximum amount of jobs for the money allotted by Congress, without waste and misappropriation occurring again.

May jobs report: Census inflates payrolls

June 4, 2010: 2:20 PM ET - NEW YORK (CNNMoney.com) -- A flood of temporary Census workers in May led to the biggest jump in jobs in ten years, the government reported Friday. Employers added 431,000 jobs in the month, up from 290,000 jobs added in April. It was the biggest gain in jobs since March 2000.

But Census hiring was responsible for 411,000 of May's increase in employment. Private sector employers also added 41,000 jobs in the period, well below the 218,000 private sector job gains in April. Government payrolls other than Census declined by 21,000 jobs in May, due largely to job cuts by state and local governments.

It was a disappointing number for private sector hiring, as economists surveyed by Briefing.com had forecast an overall gain of 500,000 in May. U.S. stocks traded sharply lower on the report, with the Dow Jones industrial average down more than 200 points in midday trading...

http://money.cnn.com

Fat Joe Out Of Dough?

Rapper Fat Joe is selling his dream home in South Florida, for $1,999,999 after spending years building it. The home is located in the city of Plantation, which is just outside Miami, Florida.

Fat Joe

Recently released figures indicate, the property market in South Florida has hit record lows this month, with homes losing even more of their value. Properties have not rebounded after the 2008 financial crisis, as many that previously bought or built homes at premium prices, are currently saddled with devalued real estate, worth as little at 25% of their original value.

U.S. Economy Stalls Again

U.S. President Barack Obama

Based on released reports, the U.S. economy has stalled again, as consumer spending is down and unemployment continues at a rampant rate. Economists estimate, if the economy adds roughly 500,000 jobs per month, it will still take 5-years to lower the unemployment rate to 5%, indicating the damage is that extensive.

Much of the damage was done during the Bush years and to save face, fake financial data was released to cover what was truly transpiring, with the corrected figures released this year.

However, President Obama has squandered opportunities to add the maximum number of jobs possible, due to poor oversight of where stimulus funds landed.

Some of the money was wasted via overpaying for job positions, decreasing the number of people that could have been hired with the stimulus funds available. In other instances, the funds were flat-out stolen or misappropriated.

This is not Monopoly. The President cannot rely on consistently printing up more money in a bid to solve the nation's financial ills, as it is damaging America's international credit rating, drastically increasing the deficit and damaging the U.S. dollar. That money is not free. It is coming at a price. The massive government spending is not working.

Barack Obama Wiretapping Heads Of State

U.S. President Barack Obama and Attorney General Eric Holder

According to reports, U.S. President, Barack Obama, has been acting as the general manager of the world by wiretapping other heads of state in the international community, with no international mandate to do so. The recent Michael Coke extradition bid in Jamaica has brought these allegations to light.

There are a few hundred nations in the world. Show of hands, how many heads of state want Obama eavesdropping on their calls and doing what he wishes with the contents? It would be safe to state the answer to that is zero, which is what Mr. Obama is looking like for doing such a thing.

In light of this conduct, do other heads of state have permission to illegally wiretap all your calls, Mr. Obama and with the dirty dealings that go on in Washington (see the Abramoff scandal, among others) those calls would not be pretty.

No nation is perfect and all could use improvement, but wiretapping other heads of state is debased and dishonorable. You are not God. Therefore, you are not to be privy to everyone's conversations.

Furthermore, God would have solved the financial crisis already...which is something Mr. Obama could be working on instead of eavesdropping on foreign heads of state's phone calls. Unemployment is soaring in America, while Obama spends his time reading other people's telephone call transcripts courtesy of the FBI and NSA.

Obama Numbers Down Across The Board

U.S. President Barack Obama (left)

According to headlines on the website, Drudge Report, Obama's approval ratings have dropped to 44% and 63% of Americans want his health care law repealed.

Additional reports on the internet from numerous news and government sites, indicate jobless claims also unexpectedly rose again and foreclosures in America remain high.

It is abundantly evident to anyone with commonsense the economy is still in massive trouble and the measures being taken by the government to correct the depression that occurred in 2008 that is ongoing, have failed.

Thrift should have been the order of the day, but the government deciding otherwise, has made the financial crisis exponentially worse. The government has racked up significant debt the American people will have to repay or face further financial uncertainties and a drastic deterioration of the economy.

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.