“U.S. unemployment rate for blacks projected to hit 25-year high.”

Well it’s been more than a year since He “moved on up” to the White House, and His people are still on the street corner with their hands out hoping for change.

“Unemployment for African Americans is projected to reach a 25-year high this year, according to a study released Thursday by an economic think tank, with the national rate soaring to 17.2 percent and the rates in five states exceeding 20 percent…

According to the Economic Policy Institute report, the unemployment rate for blacks is projected to reach a not-seasonally adjusted rate of 17.2 percent in the third quarter of this year, up from 15.5 percent during the same period last year. And the rate for Hispanics is forecast to jump to 13.9 percent from 12.4 percent. The study is based on Bureau of Labor Statistics data and projections from Moody’s Economy.com. MORE

But it is not just the black population that is feeling the invisible hand of Obamanomics. Across the board unemployment rates are at historic highs… some estimates have it as high as 18%. And what is the White House focusing on?

Raising taxes to pay for health care, bailouts to the auto industry, insurance giants such as AIG, and the list goes on… The American Dream is being deflated and replaced by the Obama Pipe Dream.

I am beginning to think that Obama inhaled and never exhaled. He is so “high” on his own image, voice, persona, and place in history that he has forgotten the office he was elected to.

This was supposed to be the most transparent, new minded, innovative, accomplished, goal oriented, administration the USA has ever seen, instead it is more secretive, diabolical, and arrogant than the Nixon administration ever came close to.

It is time for a change. If this were a parliament we would be calling for a vote of no confidence, and demand an election be held. I am calling for a vote of no confidence on Obama, and the Congress… We need to clean house.

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Should we judge people by the company they keep?

It can be unfair to someone to pass judgment on someone for the company they have kept in their past. Barrack Obama, much like Oprah Winfrey was a member of the Trinity United Church of Christ church that is lead by the controversial Reverend Jeremiah Wright. Reverend Wright is an outspoken, rhetoric monger who has made statements such as: blacks should not sing “God Bless America” but “God damn America,” and that the United States brought on the 9/11 attacks with its own “terrorism.”

Obama has distanced himself form the Rev. Wright. Obama said Wright “is like an old uncle who says things I don’t always agree with.” However, Wright married Obama and his wife, baptized their two daughters and is credited by Obama for the title of his book. Obama should have been questioned about his relationship with the Reverend Wright, and should have been given the opportunity to respond. As we have seen Obama has distanced himself from him. So does the company one keeps shed light on their judgment or lack of judgment?

Let’s look at a few other members of Obama’s company.

Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae.
Raines was forced out his position with Fannie Mae when auditing discovered severe irregularities in Fannie Mae’s accounting activities. Fannie Mae had to reduce its surplus by $9 billion. Raines left with a ‘golden parachute valued at $240 Million in benefits.
The Government filed suit against Raines when the depth of the accounting scandal became clear.
Raines was also Bill Clinton’s Director of the Office of Management and Budget.
http://housingdoom.com/2006/12/18/fannie-charges/
http://www.ofheo.gov/media/pdf/RainesNOC121806.pdf

Raines currently works for the Obama Campaign as an Economic Advisor

Tim Howard – Was the Chief Financial Officer of Fannie Mae.
The Government Investigation determined that, ‘Chief Financial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie
Mae,’

Howard resigned under pressure in late 2004, with a Golden Parachute was estimated at $20 Million!

Howard is also a Chief Economic Advisor to Obama

Jim Johnson – A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO.
Investigators found that Fannie Mae had hidden a substantial amount of Johnson’s 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million.’ Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae. Johnson’s Golden Parachute was estimated at $28 Million.

Johnson hired as a Senior Obama Finance Advisor and was selected to run Obama’s Vice Presidential Search Committee.

This would make in interesting dinner party… I wonder who would pick up the bill.

tjb