Rudderless POTUS: Brazil Trip, Oil, Debt
Better than any comedic tragedy Hollywood could ever conceive we have the current Executive Branch of the U.S. Government.
US DEBT: The recent Japan disaster means POTUS has lost its number two purchaser of US Debt (issuance of new debt) increasing the pressure on POTUS and The Federal Reserve to obtain commitments from US Debt Purchaser Brazil to increase its holding of US Debt that increases its control over US Policy.
“Even as U.S. Investors and companies ramp up investments in faster growing emerging economies like Brazil, Russia, India and China, these countries are reciprocating by snapping up record amounts of U.S. Treasuries. Total foreign ownership of Treasuries has grown to 48%, from 29% a decade ago. And, in a sign of their rising power, the BRICs now account for nearly a third of the foreign ownership, with China by far the biggest holder.
Some worry that having foreign countries own so much of our debt is a huge risk because it makes us vulnerable to governments whose interests don’t necessarily coincide with ours. In fact, they are badly needed to fund our massive federal debt—which has ballooned to $13 trillion from $8 trillion five years ago—at reasonable rates. There isn’t much risk they’ll dump our debt to undermine us, because they enjoy trade surpluses with the U.S. and place the excess dollars into bonds.
A bigger worry is that the yawning budget deficits continue to grow so far out of control that foreigners could quit purchasing U.S. debt or demand much higher rates.” – Uncle Sam: Depending on the Kindness of Strangers By TOM SULLIVAN
TRADE: Where are the Unions Now? They launch major Trotsky inspired protests in the U.S. when State Governments attempt to balance the budgets and save them from bankruptcy, taxing us to death. The trade agreement POTUS has entered us into (read it don’t listen to the sound bites) opens the US Market for Brazilian Goods and limits US Goods in the Brazilian Market.
BRAZILIAN OIL: Due to its colossal energy and foreign affairs policy failures we have now guaranteed Brazil Premium price for its oil of which we are in competition with China and India for. Greater Dependence of Foreign Oil?
Yes, that is exactly what it does pumping billions of dollars from our economy overseas to foreign entities. No part of the Brazil trip creates jobs for Americans nor boosts our economy.
Yes, your POTUS has a record of creating jobs overseas while forcing millions of Americans into unemployment and poverty all the while padding his portfolio. Ever wonder why POTUS will not allow us to become energy/foreign oil independent? It has absolutely nothing to do with his friends and touting their businesses:
“We do question the trip motive when the main beneficiary, Jeffrey Immelt, chairman and CEO of General Electric, is an economic advisor to a sitting President. Interestingly enough the President’s core union base opposes FTA’s under the fear mongering mantra of lost American jobs.
Do you know who one of the worst on record is for exporting American jobs? Jeffrey Immelt, chairman and CEO of General Electric, is an economic advisor to a sitting President!
This becomes even more suspect as the President and his Economic Advisor push ‘GREEN’ while Jeffrey Immelt, chairman and CEO of General Electric, is an economic advisor to a sitting President has his biggest ‘GREEN TECHNOLOGY R&D Facility in India.” – The Political Economy: Two Years Later Korea, Colombia, Panama FTA’s Still Not Signed By Greg Kelly, Partner K2 GLOBAL COMMUNICATIONS LLC
The current POTUS – Administration is continuing to set records for family global and political cronies’ payback with global, exotic vacations deemed ‘business travel’ on the taxpayer tab.
This is especially poignant given record soaring oil/gas prices, roaring inflation with suppressed wages/diminished buying power translating into many American families barely able to afford life’s basic necessities. Oh and did we mention that the Middle East is on fire raging out of control?
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