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>Obama Should Listen To Zimbabwe’s Prime Minister


Obama to welcome Zimbabwe’s prime minister

Usually when a visiting African prime minister comes to the White House, he comes away with more information and enlightenment than he brings. Unfortunately, this will not be the case Friday when Barak Obama meets with Zimbabwe’s Prime Minister Morgan Tsvangirai.
Mr. Obama should listen intently because this poor African nation has the world’s worst economy and it’s highest rate of inflation. Morgan Tsvangirai will tell Obama how his country got there — by spending vastly more than it took in. If that sounds vaguely familier, you and I are thinking the same thing. Obama has spent vastly more than he can ever expect the government to take in, with a deficit expected to reach $3.7 Trillion for this year alone and close to ten trillion in 2018.

Before Obama is sworn in for a second term, heaven forbid, he will go to Zimbabwe asking for advice on how to get out of this economic slide put us through? We don’t believe he will ask any such advice on Friday. Obama is too prideful to do that. Wait, just wait.

There will be a day when he will crawl on his knees to Mr. Tsvangirai for such advice — after America has gone through the worst four years of its history, all under Obama.

President Hussein Obama (I predict as a ploy to gain Muslim support in the Islamic world he will start going by his middle name exclusively, and he is already using the Hussein name) will by then have nationalized every American business, raised taxes to the limit on some people 90 percent and driven many good American job-creating businesses out of the country. By then, thank God, we won’t have Obama for president, but it will be hard to dial back the America we once knew, though not impossible if people wake up — especially Democrats who can never seem to fault the guilty Barak Hussein Obama for anything.
Democrats and Republicans can debate whose recession it is — George Bush’s or Barak Obama’s — until they are blue in the face. But one thing is clear, an inexperienced Barak Obama made things terribly worse with his penchant for growing government and seeing this as an opportunity to do so.

One must remember, the overreaction to a recession is what got us here and that is entirely Obama’s doing. In this way, he is as much a traitor as Alger Hiss, because I believe it can be proved he intended to bring America to its knees. Upon leaving office, or before, the man should be tried for high crimes and misdemeanors.

Here’s the AP story about the country whose prime minister will visit the U.S. on Friday, June 12, 2009.
Just how bad is the economy of this backward Zimbabwe country? Just bad enough to take 16 billion Zimbabwe dollars to buy a loaf of bread, that’s how bad.
Washington – AP- President Barack Obama will welcome the prime minister of Zimbabwe to the White House on Friday.The White House said Monday that Prime Minister Morgan Tsvangirai (SVAHNG’-ur-eye) will meet with Obama in the Oval Office to discuss how they can create a stable democratic future for Zimbabwe. White House spokesman Robert Gibbs says the United States wants to return the African nation to the rule of law, restore human rights and support free and fair elections.

(Maybe Obama should restore free and fair elections to the U.S., too, following that bad performance on the part of ACORN and Obama’s sponsored cheating at the polls in the last election here in America)

Tsvangirai is on a three-week trip saying he is seeking re-engagement. Western leaders have long isolated Zimbabwe, accusing President Robert Mugabe of trampling on democracy and ruining a once-vibrant economy.

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>Happy Now? Obama Has Fumbled This Recession Into Depression

Dear DON,
From the very beginning of this crisis, we’ve told you that, while Washington’s bailouts could delay the inevitable, there’s no free lunch. The Day of Reckoning for Washington was near …
The day of reckoning for Washington’s borrowing binge — when investors cut down their buying of U.S. Treasury bonds, or worse, begin stampeding for the exits …
The day of reckoning for Washington’s printing presses — when the dollar sinks uncontrollably, and …
The day of reckoning for Washington’s bailouts — when the Federal government will inevitably have to turn its attention to saving its own neck, cut back on the bailouts, and let the U.S. economy and stock market go into free-fall.
Now it’s clear that Washington is nearing the end of its rope.
In fact, in his Friday interview with C-SPAN, when asked WHEN the government would run out of money, the president had no choice but to admit “We’re out of money NOW!”
Meanwhile, global investors are recoiling from the record-shattering tidal wave of U.S. government issues flooding the bond market.
Treasury prices are plunging. The U.S. dollar has fallen to a six-month low.
Worse: Higher interest rates are pure poison for an economy already on the ropes — the coup de gras that will transform the worst recession in a half century into a depression that rivals the 1930s.
Or, as I said in last month’s online briefing,

“When Treasury Secretary Geithner unleashes an avalanche of treasuries to fund these bailouts he’s posing as the ‘savior’ of the economy. But in reality, it’s like mercy-killing.
“He’s like ‘Dr. Death,’ Jack Kevorkian, administering the poison that kills the patient.”

Now, just as I warned, thanks to massive federal borrowing, interest rates are rising. The yield on the benchmark 10-year treasury is up by 57% (1.57 times its earlier level) this year alone … and headed much higher.
Look: It’s no secret that massive federal borrowing drives ALL interest rates higher. Nor can anyone deny that, with consumers already cutting purchases to the bone, higher interest rates mean corporate earnings will be crushed in the months ahead.
Huge treasury offerings also siphon hundreds of billions of dollars OUT of the corporate, state and municipal bond markets, starving companies and local governments for desperately needed money. That, in turn, makes a new wave of bankruptcies a near certainty throughout the rest of 2009, in 2010 and beyond.
It’s all about to make the crisis we’ve seen so far seem like a walk in the park.