ASIA - AMERICA'S ECONOMIC HOPE
THEWHITEHOUSESPIN.COM
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WASHINGTON, DC
FRIDAY, NOVEMBER 4, 2010
White House Photo by Pete Souza, November 5, 2010.
U.S. President Barack Obama and First Lady Michelle Obama board Air Force One at Joint Base Andrews, Maryland, in route for a nine-day trip to Asia.
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"ASIA - AMERICA'S ECONOMIC HOPE"
WRITTEN AND POSTED BY KAREN ANN CARR
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WASHINGTON, DC- As the Federal Reserve plans to spend $75 Billion dollars per month buying U.S. Government debt over the next eight months. The U.S. first-couple is in route to Asia, the largest and fastest opening market in the developing world. With any hope President Barack Obama and First Lady Michelle Obama will stimulate excitement about commodities created and manufactured in the United States of America.
Fortunately, President Obama has the capacity to stay focused on his vision for America, despite the miss-directed media who thinks he is spending to much money going to Asia. In a global community the leaders and media of the United States of America can gain more from going abroad than stay in their familiar neighborhoods where people are busy focusing on the present, instead of researching our relationship to the near-future.
Most recently, there is a television show about the out-sourcing of American jobs as depicted in India. Within the context of the show one can identify with those persons abroad and how Americans might become the out-sourced workers of India or elsewhere. There is much that we can learn from all cultures, which will serve humanity well.
Cash in on the developing nation-states and opening markets just makes sense for an American President in search of living wages for millions of unemployed people at home.
Those who are not working to help an American President achieve greatness during his presidental term, may need to consider and even reflect upon the nature and wholeness of their own souls. Presidential travel can be beneficial for its citizenry.
I recall going to Africa as a missionary, going to Europe as a tourist, and going to the Carribian as an agent. On every occasion the trips broadened my perspective of life and my lifes vision for the future. It is funny but a small walk in ones beautiful garden can calm the most billowing storms of life and redirect ones purpose.
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President Obama After Cabinet Meeting
November 4, 2010
THEWHITEHOUSESPIN.COM
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WASHINGTON, DC
FRIDAY, NOVEMBER 4, 2010
White House Photography by Pete Souza, November 4, 2010.
President Barack Obama and Vice President Joe Biden attend a Cabinet meeting in the Cabinet Room of the White House.
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"THE FEDERAL RESERVE'S "Hail Mary Pass"
WRITTEN AND POSTED BY KAREN ANN CARR
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WASHINGTON, DC- The Federal Reserve plans to spend $75 Billion dollars per month buying U.S. Government debt for the next eight months. The Wall Street Journal sees the FED's decision as a "Hall Mary pass" to further stimulate the U.S. economy. The total commitment to purchase U.S. Government bonds will be $800 billion dollars over the next eight month period.
The latest simulative move by The Federal Reserve may amount to putting a bandage on a gun wound. The U.S. financial system is still bleeding value, despite the infusion of cash and policy changes. Nothing has been done to adequately heal the real estate markets in the United States of America and abroad.Cash U.S. dollars are King, even in its weakened state. The weaknesses of the 10 year notes and the limitation of the Federal Reserves mortgage bonds may up-end what Chairman Ben Bernanke and the FED hope to accomplish, but the Fed has to do what the Fed must do.
Another load of real estate that has dwindled in value will possibly hit the market this year, and when stack does no one really knows what is going to happen. In some cases, one piece of property has multiple mortgages attached to its value. And to make matters worse, some property values have fallen below outstanding liens.
It is very telling to hear that the Federal Reserve Bank is considering acting in this manner, with property values and the value of the U.S. dollar being as they are. The American markets have not responded enthusiastically to former efforts by the Federal Reserve, in part because of the pre-existing conditions of real property and the dreadful debts attached to real property. The Federal Reserve might be hoping that small businesses play a significant role in growing the economy. However it is much more likely that those earning $250,000.00 or more will be needed to purchase mortgage bonds in the FED's portfolio as they are being retired. Time will tell.These proposed moves and future moves by the Federal Reserve Bank will likely force the Republicans to work with President Barack Obama and the Democratic Party to reduce the deficit. In the case of monetary stability and economic growth all political leaders have an invested interest in sustaining wealth in order to receive campaign donation. But if the U.S. markets continue to falter President Obama is most likely to have the best opportunity to raise campaign money because the character of his constituency.
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President Obama After Cabinet Meeting
November 4, 2010
THEWHITEHOUSESPIN.COM
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WASHINGTON, DC
WEDNESDAY, NOVEMBER 3, 2010
White House Photography By Chuck Kennedy, November 3, 2010
U. S. President Barack Obama, in a news conference in the White House East Room, President Obama speaks openly about the lessons of the November 2010 elections, and his hope for working with the new U.S. Congress going forward on the economy and other issues.
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"AMERICA SENDS MESSAGE TO THE WHITE HOUSE"
WRITTEN AND POSTED BY KAREN ANN CARR
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WASHINGTON, DC- Painfully honest and accepting of the role that his administration may have played in unseating a host of Democrats from the U.S. House of Representatives and Senate, U.S. President Barack Obama spoke as he reflected on the future of the United States of America.
But even with that being said President Obama was assertively defiant in regards to the state of the economy being ”in free-fall” when he began serving as the President of the United States of America. The pressure to do the right thing, in terms of policy, outweighed doing the politically correct thing in terms of what he had promised his constituency.
Nevertheless, Independents, Democrats and Republican voters believed the Obama administration would change the manner in which things got done in the U.S. Senate and the U.S. Congress. But what the Obama constituency seems to have received was more of the same stereotypical Capitol Hill partisian processing of legislation. The difference was Democrats were controlling what got enacted into law.
It got deep down and dirty when Congresswoman Nancy Pelosi dug in her heels through the making of the TARP bill and the Health Care bill, while being glaringly caught in a possible untruth about being briefed about security issues. During the same period of time Rep. Pelosi was following the called plays of President Obama to close the deals concerning bailing out banks foreclosing on Americans out of work and requiring struggling small businesses to cover workers who were barely being paid.
The Obama constituency may have hardly believed their eyes and much worse their ears. Not so suddenly, the constituency became daunted by the possibility that they had been trick into trusting more of the same. The pressure to do the politically-correct thing that is linked to the right thing for people could not be more critical. To better guarantee the electability of a politician, the electorate is looking for empathy, appropriate behavior and common decency in their political leaders.
But what really happened that may have contributed to the election outcomes throughout America? The outcomes might be an indication that the Obama administration loss much of his very mixed constituency when he and the U.S. Congress bailed out trillion dollar banking and financial businesses, who have been less than honest in its dealings with the public. The Obama administrations and the Democratic Party utilized much of its political value by bailing out less than fair financial institutions, banks and brokers. And to be fair, the Obama administration may not be accurately realizing that there is a very ethical and moral shift toward holiness and caring for fellowman that is taking place among its voting constituency.
Every mature adult in America knew it was unfair for the government to support banks or financial institutions, which were throwing people out of homes while receiving the U.S. Government support. The U.S. Government did not bail out the average home owner who needed cash to pay the lending institution. And what made things worse some of the financial institutions had gambled its assets away while operating within a context of almost legalized-theft and/or public trickery. Obama inherited an untenable situation.The primary point is that Global economy was, indeed, in free-fall, because of the shenanigans of U.S. financial institutions and banks who had gambled with assets and loss money.
For a period of time the Obama may be facing a seemingly jobless economic recovery. But, because the average small business owner will eventually be willing to expand within assurances that the money can be repaid. Things will get better.
It was telling to hear that President Obama thought the public may have reacted most to the manner in which the recent bills had been enacted, rather than the end results of the bills. The American public has not responded excitingly about being able to receive care for pre-existing conditions. Additionally, it was interesting to hear President Obama say that the burdens placed on small businesses to pay for health-care coverage might need to be corrected.
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White House Photography by Pete Souza, November 3, 2010.
President Barack Obama makes an election night phone call to Rep. John Boehner (R-Ohio) from his Treaty Room office in the White House residence a couple of minutes after midnight.
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http://www.whitehouse.gov/videos/2010/November/110410_CabinetMeeting.mp3
President Obama After Cabinet Meeting
November 04, 2010 | 08:08 | Public Domain
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Check out the White House Photo Office's picks for Photo of the Day in October of 2010.
White House Photography by Pete Souza, November 4, 2010.
U.S. President Barack Obama talks with Treasury Secretary Timothy F. Geithner at the conclusion of a Cabinet meeting in the Cabinet Room of the White House.
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White House Photography by Pete Souza, November 3, 2010.
President Barack talks with Vice President Joe Biden in the Outer Oval Office.
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