Recently, the White House released the financial disclosure forms for President Barack Obama and Vice President Joe Biden. The form shows that large portion of the President’s wealth is seated in Federal debt. CNN’s White House blog reported, “The President and first lady Michelle Obama had assets valued between $2.8 million and $11.8 million in 2010. And between $2 million and $10 million of their assets are invested in super-safe U.S. Treasury securities, according to the disclosure form. That’s up from $1.5 million to $6 million reported invested in Treasury notes and bills in 2009.”
As the debate over raising the Federal debt limit rages, policy groups have suggested selling off Federal assets to pay debts. One Presidential contender, Representative Ron Paul (R-Texas), said the United States should sell the gold in Fort Knox — that is, if Fort Knox has any gold to sell. Paul called for an audit of the Federal government’s gold reserves in August 2010, but was voted down. He said, “If there was no question, you’d think they would be very anxious to prove to us that the gold is there.”
America hasn’t had a leader like President Barack Obama in generations. He is more shrewd than a Chicago mayor, more powerful than the Tea Party and able to read a teleprompter at a single glance. He is ObamaMan! Not since former President Harry Truman’s capture of former Prime Minister of Japan Hideki Tojo has the nation had such a “presidential” President.
Representative Ron Paul asks, “How much freedom do we have if we can’t even drink unpasteurized milk?” in a statement on his website announcing his introduction of HR 1830 into the House. The bill would allow the shipment and distribution of unpasteurized milk and milk products for human consumption across state lines, a practice currently forbidden by the Food and Drug Administration.
The Administration of President Barack Obama has used the Espionage Act to bring criminal charges in five alleged instances of national-security leaks. That is more than all previous Administrations combined.
President Barack Obama has been signing one-year Obamacare waivers, temporarily exempting businesses that cannot afford the law’s first-year requirements. Apparently, the gourmet restaurants, trendy nightclubs and expensive hotels that populate former House Speaker Nancy Pelosi’s Northern California district are among those American businesses that cannot afford Obamacare.
On Friday, Gallup released the results of a new poll showing that a majority of Americans are against raising the debt ceiling.
Over the past several months, we have seen rioting in some Arab and European countries. The riots were sparked by the high costs of food, government austerity measures and government oppression. We have some of the same dynamic going on in the United States. But through a system of bribery, the U.S. government has succeeded, at least temporarily, in preventing Americans from rioting in the streets.
Republican Presidential hopeful Newt Gingrich has made quite a career out of talking politics since leaving Congress. But his public appearances, books and political commentaries are filled with statements that do not necessarily reflect reality. PolitiFact.com put together a long list of Gingrich’s less-than-accurate statements. For example, in a campaign announcement video released on May 11, Gingrich said, “For four years, we balanced the budget and paid off $405 billion in debt.”
The White House admitted publicly today that many still photos taken of the President giving speeches were staged. Representatives speaking on behalf of President Barack Obama said the White House will end the little-known, long-running practice of having news photographers take pictures of the President re-enacting major speeches.