More on the Economy – the Fed to Wall Street to “Crony Capitalism” and Executive Complicity

More on the Economy – the Fed to Wall Street to “Crony Capitalism” and Executive Complicity
 
    The Committee for the Constitution published an article entitled Without Representation – We Need a Leader Rather Than a Politician where the Federal Reserve loaned failing American and foreign banks and U.S. corporations money printed for the purpose or embezzled from the public. The following articles shed additional light on the political bankruptcy and betrayal by government in bed with the healthcare systems, the liberal media spewing the propaganda of lie and deceptions, and corporate and political bureaucracies extorting the just wages and freedoms intended to be protected by the original intention of the Constitution
 
    Looking no further than the underlying causes of the economic meltdown precipitating the global financial disaster we see government failures to hold to the Framers’ intention. Nowhere in any of their writings is there any deviation from the implicit foundation of law addressing the realities of human behavior as expressed in their Christian Biblical worldview. From the Plymouth colony forward every form of socialism was rejected. Simply, if you didn’t work you did not earn the blessings available to those who did. Free enterprise and free markets driven by equal opportunity in “the pursuit of Happiness” and unregulated competition bound only by “justice for all” were the standard for their economic intention. “Religion and morality are indispensible supports for our form of government.” The word speculative highlighted below would most certainly equate to “gambling” in their eyes. Even in this day, those having strayed from, rejecting, or dismissing the original Constitutional intention acknowledge that they are using and risking money they have not earned — other people’s earnings and savings — in gambling for their own gain. Coupled with their injustice, those squandering the public trust are enabled by the undeserving eagerly looking for something for nothing and more than willing to unjustly accept the fruit of others’ righteous labor.  
 
CftC

Business Former Reagan Budget Director Despairs: ‘I Wouldn’t Touch the Stock Market With a 100-Foot Pole’

March 3, 2012 by Becket Adams

NEW YORK (AP/The Blaze) — He was an architect of one of the biggest tax cuts in U.S. history. He spent much of his career after politics using borrowed money to take over companies. He targeted the riskiest ones that most investors shunned — car-parts makers, textile mills.

That is one image of David Stockman, the former White House budget director who, after resigning in protest over deficit spending, made a fortune in corporate buyouts.

Former Reagan Budget Director Despairs: I Wouldnt Touch the Stock Market With a 100 Foot Pole

President Ronald Reagan with David Stockman

But spend time with him and you discover this former wunderkind of the Reagan revolution is something else — a scared investor who doesn’t own a single stock for fear of another financial crisis.

Stockman suggests you’d be crazy to hold anything but cash now, and maybe a few bars of gold. He thinks the Federal Reserve’s efforts to ease the pain from the collapse of our “national leveraged buyout” — his term for decades of reckless, debt-fueled spending by government, citizens, and companies — is pumping stock and bond markets to dangerous heights.

(Related: A Closer Look at the Jan. Jobless Numbers: Are They ‘Being Made Up?’)

Stockman may seem as exciting as an insurance actuary, but he knows how to tell a good story. And the punch line to this one is gripping. He says the numbers for the U.S. don’t add up to anything but a painful, slow-growing future.

Now 65 and gray, but still wearing his trademark owlish glasses, Stockman took time from writing his book about the financial collapse, “The Triumph of Crony Capitalism,” to talk to The Associated Press at his home in Greenwich, CT.

Here are excerpts from the AP interview [emphases added]:

Q: Why are you so down on the U.S. economy?

.Former Reagan Budget Director Despairs: I Wouldnt Touch the Stock Market With a 100 Foot Pole

A: It’s become super-saturated with debt.

Typically, the private and public sectors would borrow $1.50 or $1.60 each year for every $1 of GDP growth. That was the golden constant. It had been at that ratio for 100 years save for some minor squiggles during the bottom of the Depression. By the time we got to the mid-’90s, we were borrowing $3 for every $1 of GDP growth. And by the time we got to the peak in 2006 or 2007, we were actually taking on $6 of new debt to grind out $1 of new GDP.People were taking $25,000, $50,000 out of their home for the fourth refinancing. That’s what was keeping the economy going, creating jobs in restaurants, creating jobs in retail, creating jobs as gardeners, creating jobs as Pilates instructors that were not supportable with organic earnings and income.

It wasn’t sustainable. It wasn’t real consumption or real income. It was bubble economics. So even the 1.6 percent (annual GDP growth in the past decade) is overstating what’s really going on in our economy.

Q: How fast can the U.S. economy grow?

 

A: People would say the standard is 3, 3.5 percent. I don’t even know if we could grow at 1 or 2 percent. When you have to stop borrowing at these tremendous rates, the rate of GDP expansion stops as well.

Q: But the unemployment rate is falling and companies in the Standard & Poor’s 500 are making more money than ever.

A: That’s very short-term. Look at the data that really counts. The 131.7 million (jobs in November) was first achieved in February 2000. That number has gone nowhere for 12 years.

Another measure is the rate of investment in new plant and equipment. There is no sustained net investment in our economy. The rate of growth since 2000 (in what the Commerce Department calls non-residential fixed investment) has been 0.8 percent — hardly measurable.

(Non-residential fixed investment is the money put into office buildings, factories, software and other equipment.)

We’re stalled, stuck.

Q: What will 10-year Treasurys yield in a year or five years?

A: I have no guess, but I do know where it is now (a yield of about 2 percent) is totally artificial. It’s the result of massive purchases by not only the Fed but all of the other central banks of the world.

Q: What’s wrong with that?

A: It doesn’t come out of savings. It’s made up money. It’s printing press money. When the Fed buys $5 billion worth of bonds this morning, which it’s doing periodically, it simply deposits $5 billion in the bank accounts of the eight dealers they buy the bonds from.

Former Reagan Budget Director Despairs: I Wouldnt Touch the Stock Market With a 100 Foot Pole

David Stockman, Treasury Secretary Donald Regan, and Chairman of the Council of Economic Advisors Murray Weidenbaum testify before the House Budget Committee in February 1982.

Q: And what are the consequences of that?

 

A: The consequences are horrendous. If you could make the world rich by having all the central banks print unlimited money, then we have been making a mistake for the last several thousand years of human history.

 

Q: How does it end?

 

A: At some point confidence is lost, and people don’t want to own the (Treasury) paper. I mean why in the world, when the inflation rate has been 2.5 percent for the last 15 years, would you want to own a five-year note today at 80 basis points (0.8 percent)?

 

If the central banks ever stop buying, or actually begin to reduce their totally bloated, abnormal, freakishly large balance sheets, all of these speculators are going to sell their bonds in a heartbeat.

 

That’s what happened in Greece.

 

Here’s the heart of the matter. The Fed is a patsy. It is a pathetic dependent of the big Wall Street banks, traders and hedge funds. Everything (it does) is designed to keep this rickety structure from unwinding. If you had a (former Fed Chairman) Paul Volcker running the Fed today 7/8— utterly fearless and independent and willing to scare the hell out of the market any day of the week — you wouldn’t have half, you wouldn’t have 95 percent, of the speculative positions today.

 

Q: You sound as if we’re facing a financial crisis like the one that followed the collapse of Lehman Brothers in 2008.

 

A: Oh, far worse than Lehman. When the real margin call in the great beyond arrives, the carnage will be unimaginable.

 

Q: How do investors protect themselves? What about the stock market?

 

A: I wouldn’t touch the stock market with a 100-foot pole. It’s a dangerous place. It’s not safe for men, women or children.

 

Q: Do you own any shares?

 

A: No.

 

Q: But the stock market is trading cheap by some measures. It’s valued at 12.5 times expected earnings this year. The typical multiple is 15 times.

 

Former Reagan Budget Director Despairs: I Wouldnt Touch the Stock Market With a 100 Foot Pole

 

A: The typical multiple is based on a historic period when the economy could grow at a standard rate. The idea that you can capitalize this market at a rate that was safe to capitalize it in 1990 or 1970 or 1955 is a large mistake. It’s a Wall Street sales pitch.

 

Q: Are you in short-term Treasurys?

 

A: I’m just in short-term, yeah. Call it cash. I have some gold. I’m not going to take any risk.

 

Q: Municipal bonds?

 

A: No.

 

Q: No munis, no stocks. Wow. You’re not making any money.

 

A: Capital preservation is what your first, second and third priority ought to be in a system that is so jerry-built, so fragile, so exposed to major breakdown that it’s not worth what you think you might be able to earn over six months or two years or three years if they can keep the bailing wire and bubble gum holding the system together, OK? It’s not worth it.

 

Q: Give me your prescription to fix the economy.

 

A: We have to eat our broccoli for a good period of time. And that means our taxes are going to go up on everybody, not just the rich. It means that we have to stop subsidizing debt by getting a sane set of people back in charge of the Fed, getting interest rates back to some kind of level that reflects the risk of holding debt over time. I think the federal funds rate ought to be 3 percent or 4 percent. (It is zero to 0.25 percent.) I mean, that’s normal in an economy with inflation at 2 percent or 3 percent.

 

Q: Social Security?

A: It has to be means-tested. And Medicare needs to be means-tested. If you’re a more affluent retiree, you should have your benefits cut back, pay a higher premium for Medicare.

Q: Taxes?

A: Let the Bush tax cuts expire. Let the capital gains go back to the same rate as ordinary income. (Capital gains are taxed at 15 percent, while ordinary income is taxed at marginal rates up to 35 percent.)

Q: Why?

A: Why not? I mean, is return on capital any more virtuous than some guy who’s driving a bus all day and working hard and trying to support his family? You know, with capital gains, they give you this mythology. You’re going to encourage a bunch of more jobs to appear. No, most of capital gains goes to speculators in real estate and other assets who basically lever up companies, lever up buildings, use the current income to pay the interest and after a holding period then sell the residual, the equity, and get it taxed at 15 percent. What’s so brilliant about that?

 

Former Reagan Budget Director Despairs: I Wouldnt Touch the Stock Market With a 100 Foot PoleQ: You worked for Blackstone, a financial services firm that focuses on leveraged buyouts and whose gains are taxed at 15 percent, then started your own buyout fund. Now you‘re saying there’s too much debt. You were part of that debt explosion, weren’t you?

 

A: Well, yeah, and maybe you can learn something from what happens over time. I was against the debt explosion in the Reagan era. I tried to fight the deficit, but I couldn’t. When I was in the private sector, I was in the leveraged buyout business. I finally learned a heck of a lot about the dangers of debt.

I’m a libertarian. If someone wants to do leveraged buyouts, more power to them. If they want to have a brothel, let them run a brothel. But it doesn’t mean that public policy ought to be biased dramatically to encourage one kind of business arrangement over another. And right now public policy and taxes and free money from the Fed are encouraging way too much debt, way too much speculation and not enough productive real investment and growth.

 

Q: Why are you writing a book?

A: I got so outraged by the bailouts of Wall Street in September 2008. I believed that Bush and (former Treasury Secretary Hank) Paulson were totally trashing the Reagan legacy, whatever was left, which did at least begin to resuscitate the idea of free markets and a free economy. And these characters came in and panicked and basically gave capitalism a smelly name and they made it impossible to have fiscal discipline going forward. If you’re going to bail out Wall Street, what aren’t you going to bail out? So that started my re-engagement, let’s say, in the policy debate.

Q: Are you hopeful?
A: No.

The Associated Press contributed to this report.

A Closer Look at the Jan. Jobless Numbers: Are They ‘Being Made Up?’

February 7, 2012 by Becket Adams

You may recall that major media outlets rejoiced and the markets jumped last Friday when the January jobs report was released.

“Labor Department today lowered the U.S. unemployment rate by two-tenths of a point to 8.3 percent, the lowest it’s been since February 2009,” Emily Knapp of Wall St. Cheat reported, “January data showed nonfarm payrolls to have risen a whopping 243,000, wildly exceeding even the most optimistic of economists’ projections.”

However, although the markets did indeed react positively to the good news, many analysts were skeptical of the data in the report.

“A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55 [percent],” editors at Zero Hedge wrote.

“Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that’s not a typo: 1.2 million people dropped out of the labor force in one month!”

What does this mean?

Zero Hedge explains:

So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation.

 

Even conservative radio talk show host Rush Limbaugh weighed in on the report, claiming that the data was “corrupt as it can be” because the Labor Force Participation Rate has been repeatedly adjusted.

Is Limbaugh out of line on this?

“After countless attempts to discredit or defend Friday’s jobs report, we can all agree on one thing: The data is complicated,” Gus Lubin of Business Insider writes. “So complicated that the BLS could make the economy look better than it was and no one would be sure.”

That’s more or less what David Stockman, former budget director for President Ronald Reagan, wrote in an email to former hedge fund manager Bruce Krasting.

On his blog “My Take on Financial Events,” Krasting wrote, “Is the current [Labor Force Participation Rate] a temporary phenomenon, or is this the ‘New Normal?’”

Krasting believes that if the current Labor Force Participation Rate (LFPR) is the “new normal,” it could have severe – even dangerous – effects on the economy.

Why?

“Virtually all of the economic models used by CBO, OMB, SSA and private economists are assuming that the long-term LFPR will be in the mid-to upper 60s. The consensus is 2-3 [percent] higher than where it is today,” Krasting writes.

“If you plug in a rate of 63 [percent] versus 67 [percent] over the next ten-years, it makes a huge difference on the size of the deficit and the public debt. It would cause the deficits at Social Security and Medicare to explode. The percentage of GDP attributable to the government would inevitably rise. The economy, and society in general, would be socialized [emphasis added],” Krasting writes.

In response to Krasting’s criticism of the jobs report, Stockman writes: “…if you spend a little time with these numbers you will know that they are being made up.”

Here’s the email (via Wall Street Examiner):

…I’m wondering if this goes much deeper. I don’t particularly believe in tin foil hats, but all of these mainstream economists treat the BLS and BEA data like it’s holy writ—when it’s evident that the reports are so massaged, estimated, deemed, revised, re-bench marked and seasonally adjusted that any month-to-month change has a decent chance of being noise. What deep secret might they be hiding?

So on the labor force participation rate they say, “No it didn’t go down in January because the 2012 numbers are re-bench marked for the 2010 census,” but for some reason the BLS didn’t bother to update the 2011 civilian population numbers, including December. Thus, the BLS published apples-to-oranges numbers on this particular variable and the footnote says the December participation rate would have been the same as January, if they had revised it!

Yet on another variable— the establishment survey jobs count—they were also busy re-benchmarking–but here they did update the originally reported numbers for every month of 2011. Even then, it is hard to say what got updated because the originally reported numbers each month are then revised during the next two reporting months—with any excess or shortfall reallocated to earlier months outside the three month window, which are not published on a revised basis, even though they have been revised! This reflects a wacko thing called the concurrent seasonal adjustment method.

… your point is that the longer-term trend of the labor force participation rate is really bad, and this truth is absolutely validated by the January report. Except it would have been equally bad in December had it been reported with the new census data…

But the mainstream narrative never gets to the trend. In this case, the plain fact is that we are warehousing a larger and larger population of adults who are one way or another living off transfer payments, relatives, sub-prime credit, and the black market. My suspicion is that this negative trend and many others like it get buried by the monthly change chatter from mainstream economists and on bubble vision, and that these monthly deltas are so heavily manipulated  as to be almost a made-up reality. Call it the economists’ Truman Show.

In short, if you spend a little time with these numbers you will know that they are being made up. Funny thing that I remember during the depths of the 1982 recession Reagan read in Human Events one night that the seasonally adjusted numbers were being manipulated and one should look at the unadjusted numbers, instead. The next morning during an economic update briefing Reagan said, he wanted to talk about the “unadjusted” unemployment rate. Marty Feldstein turned white as a ghost, and then talked him out of it. Hmmm!

 

emphases added by the CftC

Common Sense Revisited, Stand and Fight, Reclaim America!

 
Common Sense Revisited
 
    What seems apparent in this year’s election campaign is that Obama and the Democrats have abandoned common sense resolutions of the problems that we are facing as a nation. To return to the original intention of the Framers and Founders is to return to an approach demanding a full and complete reliance on the truths defined by science and history. Special interests supported by the propaganda of the liberal media have embarked on a campaign of smokescreens and mirrors of misinformation. Both parties are trying to fix an economic system that must return to the path charted by the prior generations of realists whose foundation of Law transcends the errors of human invention. Inadequately and inappropriately responding to the wealth and power afforded by the advances accompanying the Industrial Revolution, the politics and politicians following the devastation of our great Civil War and groundless ideologies diverted from common sense to follow a path laid out by those holding the reigns of government. Unfortunately, later moving into the 20th century, reason was largely excluded from the considerations of political action by a public satiated by well being and intermittently improving circumstances. Accepting the lies and deceptions of false science and corrupted contaminated history, tolerant of judicial activism and executive tyranny violating the original intention of the Constitution, we must now stand against injustice to defend liberty and justice for all. Only with justice for all will there be “domestic tranquility”.
 
    In speaking of the failed experiment in socialism resulting in the near starvation and loss of the entire Plymouth colony, Governor William Bradford described its cause. “Let none argue that this is due to human failing, rather than to this communistic plan of life in itself. I answer, seeing that all men have this failing in them, that God in His wisdom saw that another plan of life was fitter for them.” Also, he addressed the failed societal and interpersonal relational consequences of socialism. “If all were to share alike and all were to do alike, then all were on an equality throughout and one was as good as another; and so, if it did not actually abolish those very relations which God himself has set among men, it did at least greatly diminish the mutual respect that is so important should be preserved amongst them.” Do we need to look any farther than the economic disasters now infecting and draining working Americans — the crime and social chaos attending undeserved government welfare programs; the economic meltdown precipitated by the Barney Franks, Medoffs, Wall Street, the Federal Reserve, and unrestrained unjust corporations; myriad Congressional inactions, failures, and Constitutional violations; executive tyranny, injustice, and abrogation of Constitutional mandates — to verify the indelible understanding of history penned on these shores nearly four centuries ago?
 
    Recalling the near similar failure of the Jamestown colony brought by a similarly flawed experiment in unbridled capitalism, there is again a brilliant picture capturing the essence of the Congressional failure to adjust the political structure to impart the justice demanded by the authority of the Constitution on the economy after the Civil War. In a large part, the “unalienable Right[s], . . . . the pursuit of Happiness” has been sequestered unto the wealthy and the powerful. The interpersonal accountability and the oversight of justice associated with small business has been lost to the bureaucracies and governments seated by the bribery and false propaganda of  unjust “special interests”, wealth, and political power. Politicians are far removed from the service and sacrifice of the generations that fought, died, and sweat to bring us the freedoms we now take fore granted. Freedom is never free! We are in a new civil war where the call to “secure the blessings of liberty to ourselves and our posterity” can no longer be ignored.
 
 
 
           
 
America! Are You Not Tired Of Politics As Usual?
 
   For the Framers and Founders politics was never meant to be
a job. The most successful and brightest in 1776 and 1787
sacrificed to inaugurate a new era of liberty and justice for all in
history. This untried experiment in government was intended “to
form a more perfect Union, establish Justice, insure domestic
Tranquility, provide for the common defence, promote the general
Welfare, and secure the Blessings of Liberty to ourselves and
our Posterity. [W]ith a firm reliance on the protection of divine
Providence”, they “pledge[d] to each other [their] Lives, [their]
Fortunes and [their] sacred Honor”.
 
   “The preamble never can be resorted to, to enlarge the powers
confided to the general government, or any of its departments.
It cannot confer any power per se; it can never amount, by
implication, to an enlargement of any power expressly given.
It can never be the legitimate source of any implied power,
when otherwise withdrawn from the constitution. Its true
office is to expound the nature, and extent, and application
of the powers actually conferred by the constitution, and not
substantively to create them. For example, the preamble
declares one object to be, ” to provide for the common
defence.” No one can doubt, that this does not enlarge the
powers of congress to pass any measures, which they may
deem useful for the common defence.1 But suppose the
terms of a given power admit of two constructions, the one
more restrictive, the other more liberal, and each of them is
consistent with the words, but is, and ought to be, governed
by the intent of the power; if one would promote, and the other
defeat the common defence, ought not the former, upon the
soundest principles of interpretation to be adopted? Are we at
liberty, upon any principles of reason, or common sense, to
adopt a restrictive meaning, which will defeat an avowed
object of the constitution, when another equally natural and
more appropriate to the object is before us? Would not this be
to destroy an instrument by a measure of its words, which
that instrument itself repudiates? – Justice Joseph Story,
Commentaries on the Constitution of the United States, 1833,
Ch. VI. The Preamble
    Clearly Justice Story of the United States Supreme Court,
being of a generation directly familiar with those in Independence
Hall
in 1787 and those in the First Congress giving us our Bill of
Rights
, was very aware of the Framers’ and Founders’  intentions
for this “one Nation under God”. Reading the above and applying
it to the Constitution as a whole, and particularly to Article I,
Section 8
, and Amendment X, it is readily apparent that the
politicians, bureaucrats, and judges that we have erroneously
trusted to be bound by the intentions of the makers of “the
supreme law of the land” have willfully violated that trust.
 
   From the dismissal of states’ rights, to taxation without
representation, to complete fiscal irresponsibility, to the failure
to protect us from enemies “foreign and domestic”, to saddling our
children with incomprehensible debt, to name but a few of the more
pressing usurpations and failures to obey the very basic principles
demanded in the Preamble, America is under attack.
 
   The first step in reclaiming our heritage and restoring freedom and
justice is for every citizen to individually recall all the behaviors that
allowed us to enjoy the opportunities and blessings that were
endowed by our Creator“. Recognized by Gov. Bradford in his Of
Plymouth Plantation
, work and sacrifice have given all so willing that
opportunity. In the words of the father of our country, “religion and
morality are indispensible supports”. The fight and the responsibility
rest on each patriot. From Plymouth colony on, repeatedly confirmed
by history, socialist welfare governments any utopian order not fully
established on the unchanging realities of human behavior fail.
 
  With each loyal American doing their individual part, we must then
cleanse our Nation of those contaminating and destroying all that
enabled and sustained us. The lies and deceptions of political
propaganda must join those infecting us as we hold all those that
we place in positions of public service accountable. A first step is
to bind all elected officials by contract to their oath of office.
 
for independence by sending this message to all you have contact
with
. Demand that any person seeking your vote be endorsed by
The Committee for the Constitution. Like the Minutemen, we must
take up arms and fight, and like Paul Revere we must spread the
word to all our neighbors that the enemy is upon us!
 
___________________________________
 
1 “Yet, strangely enough, this objection was urged very
vehemently against the adoption of the Constitution.
Elliot’s debates, 293, 300.” Ibid, Story
 

America’s Most Biblically Hostile U. S. President

America’s Most Biblically Hostile U. S. President

David Barton

February 29, 2012

        When one observes President Obama’s unwillingness to accommodate America’s four-century long religious conscience protection through his attempts to require Catholics to go against their own doctrines and beliefs, one is tempted to say that he is anti-Catholic. But that characterization would not be correct. Although he has recently singled out Catholics, he has equally targeted traditional Protestant beliefs over the past four years. So since he has attacked Catholics and Protestants, one is tempted to say that he is anti-Christian. But that, too, would be inaccurate. He has been equally disrespectful in his appalling treatment of religious Jews in general and Israel in particular. So perhaps the most accurate description of his antipathy toward Catholics, Protestants, religious Jews, and the Jewish nation would be to characterize him as anti-Biblical. And then when his hostility toward Biblical people of faith is contrasted with his preferential treatment of Muslims and Muslim nations, it further strengthens the accuracy of the anti-Biblical descriptor. In fact, there have been numerous clearly documented times when his pro-Islam positions have been the cause of his anti-Biblical actions.

       Listed below in chronological order are (1) numerous records of his attacks on Biblical persons or organizations; (2) examples of the hostility toward Biblical faith that have become evident in the past three years in the Obama-led military; (3) a listing of his open attacks on Biblical values; and finally (4) a listing of numerous incidents of his preferential deference for Islam’s activities and positions, including letting his Islamic advisors guide and influence his hostility toward people of Biblical faith.

1. Acts of hostility toward people of Biblical faith:

  • April 2008 – Obama speaks disrespectfully of Christians, saying they “cling to guns or religion” and have an “antipathy to people who aren’t like them.” 1
  • February 2009 – Obama announces plans to revoke conscience protection for health workers who refuse to participate in medical activities that go against their beliefs, and fully implements the plan in February 2011. 2
  • April 2009 – When speaking at Georgetown University, Obama orders that a monogram symbolizing Jesus’ name be covered when he is making his speech. 3
  • May 2009 – Obama declines to host services for the National Prayer Day (a day established by federal law) at the White House. 4
  • April 2009 – In a deliberate act of disrespect, Obama nominated three pro-abortion ambassadors to the Vatican; of course, the pro-life Vatican rejected all three. 5
  • October 19, 2010 – Obama begins deliberately omitting the phrase about “the Creator” when quoting the Declaration of Independence – an omission he has made on no less than seven occasions. 6
  • November 2010 – Obama misquotes the National Motto, saying it is “E pluribus unum” rather than “In God We Trust” as established by federal law. 7
  • January 2011 – After a federal law was passed to transfer a WWI Memorial in the Mojave Desert to private ownership, the U. S. Supreme Court ruled that the cross in the memorial could continue to stand, but the Obama administration refused to allow the land to be transferred as required by law, and refused to allow the cross to be re-erected as ordered by the Court. 8
  • February 2011 – Although he filled posts in the State Department, for more than two years Obama did not fill the post of religious freedom ambassador, an official that works against religious persecution across the world; he filled it only after heavy pressure from the public and from Congress. 9
  • April 2011 – For the first time in American history, Obama urges passage of a non-discrimination law that does not contain hiring protections for religious groups, forcing religious organizations to hire according to federal mandates without regard to the dictates of their own faith, thus eliminating conscience protection in hiring. 10
  • August 2011 – The Obama administration releases its new health care rules that override religious conscience protections for medical workers in the areas of abortion and contraception. 11
  • November 2011 – Obama opposes inclusion of President Franklin Roosevelt’s famous D-Day Prayer in the WWII Memorial. 12
  • November 2011 – Unlike previous presidents, Obama studiously avoids any religious references in his Thanksgiving speech. 13
  • December 2011 – The Obama administration denigrates other countries’ religious beliefs as an obstacle to radical homosexual rights. 14
  • January 2012 – The Obama administration argues that the First Amendment provides no protection for churches and synagogues in hiring their pastors and rabbis. 15
  • February 2012 – The Obama administration forgives student loans in exchange for public service, but announces it will no longer forgive student loans if the public service is related to religion. 16

2. Acts of hostility from the Obama-led military toward people of Biblical faith:

  • June 2011 – The Department of Veterans Affairs forbids references to God and Jesus during burial ceremonies at Houston National Cemetery. 17
  • August 2011 – The Air Force stops teaching the Just War theory to officers in California because the course is taught by chaplains and is based on a philosophy introduced by St. Augustine in the third century AD – a theory long taught by civilized nations across the world (except America). 18
  • September 2011 – Air Force Chief of Staff prohibits commanders from notifying airmen of programs and services available to them from chaplains. 19
  • September 2011 – The Army issues guidelines for Walter Reed Medical Center stipulating that “No religious items (i.e. Bibles, reading materials and/or facts) are allowed to be given away or used during a visit.” 20
  • November 2011 – The Air Force Academy rescinds support for Operation Christmas Child, a program to send holiday gifts to impoverished children across the world, because the program is run by a Christian charity. 21
  • November 2011 – The Air Force Academy pays $80,000 to add a Stonehenge-like worship center for pagans, druids, witches and Wiccans. 22
  • February 2012 – The U. S. Military Academy at West Point disinvites three star Army general and decorated war hero Lieutenant General William G. (“Jerry”) Boykin (retired) from speaking at an event because he is an outspoken Christian. 23
  • February 2012 – The Air Force removes “God” from the patch of Rapid Capabilities Office (the word on the patch was in Latin: Dei). 24
  • February 2012 – The Army orders Catholic chaplains not to read a letter to parishioners that their archbishop asked them to read. 25

3. Acts of hostility toward Biblical values:

  • January 2009 – Obama lifts restrictions on U.S. government funding for groups that provide abortion services or counseling abroad, forcing taxpayers to fund pro-abortion groups that either promote or perform abortions in other nations. 26
  • January 2009 – President Obama’s nominee for deputy secretary of state asserts that American taxpayers are required to pay for abortions and that limits on abortion funding are unconstitutional. 27
  • March 2009 – The Obama administration shut out pro-life groups from attending a White House-sponsored health care summit. 28
  • March 2009 – Obama orders taxpayer funding of embryonic stem cell research. 29
  • March 2009 – Obama gave $50 million for the UNFPA, the UN population agency that promotes abortion and works closely with Chinese population control officials who use forced abortions and involuntary sterilizations. 30
  • May 2009 – The White House budget eliminates all funding for abstinence-only education and replaces it with “comprehensive” sexual education, repeatedly proven to increase teen pregnancies and abortions. 31 He continues the deletion in subsequent budgets. 32
  • May 2009 – Obama officials assemble a terrorism dictionary calling pro-life advocates violent and charging that they use racism in their “criminal” activities. 33
  • July 2009 – The Obama administration illegally extends federal benefits to same-sex partners of Foreign Service and Executive Branch employees, in direction violation of the federal Defense of Marriage Act. 34
  • September 16, 2009 – The Obama administration appoints as EEOC Commissioner Chai Feldblum, who asserts that society should “not tolerate” any “private beliefs,” including religious beliefs, if they may negatively affect homosexual “equality.” 35
  • July 2010 – The Obama administration uses federal funds in violation of federal law to get Kenya to change its constitution to include abortion. 36
  • August 2010 – The Obama administration Cuts funding for 176 abstinence education programs. 37
  • September 2010 – The Obama administration tells researchers to ignore a judge’s decision striking down federal funding for embryonic stem cell research. 38
  • February 2011 – Obama directs the Justice Department to stop defending the federal Defense of Marriage Act. 39
  • March 2011 – The Obama administration refuses to investigate videos showing Planned Parenthood helping alleged sex traffickers get abortions for victimized underage girls. 40
  • July 2011 – Obama allows homosexuals to serve openly in the military, reversing a policy originally instituted by George Washington in March 1778. 41
  • September 2011 – The Pentagon directs that military chaplains may perform same-sex marriages at military facilities in violation of the federal Defense of Marriage Act. 42
  • October 2011 – The Obama administration eliminates federal grants to the U.S. Conference of Catholic Bishops for their extensive programs that aid victims of human trafficking because the Catholic Church is anti-abortion. 43

4. Acts of preferentialism for Islam:

  • May 2009 – While Obama does not host any National Day of Prayer event at the White House, he does host White House Iftar dinners in honor of Ramadan. 44
  • April 2010 – Christian leader Franklin Graham is disinvited from the Pentagon’s National Day of Prayer Event because of complaints from the Muslim community. 45
  • April 2010 – The Obama administration requires rewriting of government documents and a change in administration vocabulary to remove terms that are deemed offensive to Muslims, including jihad, jihadists, terrorists, radical Islamic, etc. 46
  • August 2010 – Obama speaks with great praise of Islam and condescendingly of Christianity. 47
  • August 2010 – Obama went to great lengths to speak out on multiple occasions on behalf of building an Islamic mosque at Ground Zero, while at the same time he was silent about a Christian church being denied permission to rebuild at that location. 48
  • 2010 – While every White House traditionally issues hundreds of official proclamations and statements on numerous occasions, this White House avoids traditional Biblical holidays and events but regularly recognizes major Muslim holidays, as evidenced by its 2010 statements on Ramadan, Eid-ul-Fitr, Hajj, and Eid-ul-Adha. 49
  • October 2011 – Obama’s Muslim advisers block Middle Eastern Christians’ access to the White House. 50
  • February 2012 – The Obama administration makes effulgent apologies for Korans being burned by the U. S. military, 51 but when Bibles were burned by the military, numerous reasons were offered why it was the right thing to do. 52

       Many of these actions are literally unprecedented – this is the first time they have happened in four centuries of American history. The hostility of President Obama toward Biblical faith and values is without equal from any previous American president.

Endnotes

1. Sarah Pulliam Baily, “Obama: ‘They cling to guns or religion’,” Christianity Today, April 13, 2008.
2. Aliza Marcus, “Obama to Lift ‘Conscience’ Rule for Health Workers,” Bloomberg, February 27, 2009; Sarah Pulliam Baily, “Obama Admin. Changes Bush ‘Conscience’ Rule for Health Workers,” Christianity Today, February 18, 2011.
3. Jim Lovino, “Jesus Missing From Obama’s Georgetown Speech,” NBC Washington, April 17, 2009.
4. Johanna Neuman, “Obama end Bush-era National Prayer Day Service at White House,” Los Angeles Times, May 7, 2009.
5. Chris McGreal, “Vatican vetoes Barack Obama’s nominees for U.S. Ambassador,” The Guardian, April 14, 2009.
6. Meredith Jessup, “Obama Continues to Omit ‘Creator’ From Declaration of Independence,” The Blaze, October 19, 2010.
7.Remarks by the President at the University of Indonesia in Jakarta, Indonesia,” The White House, November 10, 2010.
8. LadyImpactOhio, “ Feds sued by Veterans to allow stolen Mojave Desert Cross to be rebuilt,” Red State, January 14, 2011.
9. Marrianne Medlin, “Amid criticism, President Obama moves to fill vacant religious ambassador post,” Catholic News Agency, February 9, 2011; Thomas F. Farr, “Undefender of the Faith,” Foreign Policy, April 5, 2012.
10. Chris Johnson, “ENDA passage effort renewed with Senate introduction,” Washington Blade, April 15, 2011.
11. Chuck Donovan, “HHS’s New Health Guidelines Trample on Conscience,” Heritage Foundation, August 2, 2011.
12. Todd Starns, “Obama Administration Opposes FDR Prayer at WWII Memorial,” Fox News, November 4, 2011.
13. Joel Siegel, “Obama Omits God From Thanksgiving Speech, Riles Critics,” ABC News, November 25, 2011.
14. Hillary Rodham Clinton, “Remarks in Recognition of International Human Rights Day,” U.S. Department of State, December 6, 2011.
15. Ted Olson, “Church Wins Firing Case at Supreme Court,” Christianity Today, January 11, 2012.
16. Audrey Hudson, “Obama administration religious service for student loan forgiveness,” Human Events, February 15, 2012.
17.Houston Veterans Claim Censorship of Prayers, Including Ban of ‘God’ and ‘Jesus’,” Fox News, June 29, 2011.
18. Jason Ukman, “Air Force suspends ethics course that used Bible passages that train missle launch officers,” Washington Post, August 2, 2011.
19.Maintaining Government Neutrality Regarding Religion,” Department of the Air Force, September 1, 2011.
20.Wounded, Ill, and Injured Partners in Care Guidelines,” Department of the Navy (accessed on February 29, 2012).
21.Air Force Academy Backs Away from Christmas Charity,” Fox News Radio, November 4, 2011.
22. Jenny Dean, “Air Force Academy adapts to pagans, druids, witches and Wiccans,” Los Angeles Times, November 26, 2011.
23. Ken Blackwell, “Gen. Boykin Blocked At West Point,” cnsnews.com, February 1, 2012.
24. Geoff Herbert, ” Air Force unit removes ‘God’ from logo; lawmakers warn of ‘dangerous precedent’,” syracuse.com, February 9, 2012.
25. Todd Starnes, “Army Silences Catholic Chaplains,” Fox News Radio, February 6, 2012.
26. Jeff Mason and Deborah Charles, “Obama lifts restrictions on abortion funding,” Reuters, January 23, 2009.
27.Obama pick: Taxpayers must fund abortions,” World Net Daily, January 27, 2009.
28. Steven Ertelt, “Pro-Life Groups Left Off Obama’s Health Care Summit List, Abortion Advocates OK,” LifeNews, March 5, 2009.
29. Obama Signs Order Lifting Restrictions on Stem Cell Research Funding,” Fox News, March 9, 2009.
30. Steven Ertelt, “ Obama Administration Announces $50 Million for Pro-Forced Abortion UNFPA,” LifeNews, March 26, 2009; Steven Ertelt, “President Barack Obama’s Pro-Abortion Record: A Pro-Life Compilation,” LifeNews, February 11, 2012.
31. Steven Ertelt, “Barack Obama’s Federal Budget Eliminates Funding for Abstinence-Only Education,” LifeNews, May 8, 2009.
32. Steven Ertelt, “Obama Budget Funds Sex Ed Over Abstinence on 16-1 Margin,” LifeNews, February 14, 2011.
33. Steven Ertelt, “Obama Admin Terrorism Dictionary Calls Pro-Life Advocates Violent, Racist,” LifeNews, May 5, 2009.
34.Memorandum for the Heads of Executive Departments and Agencies,” The White House, June 17, 2009.
35. Matt Cover, “Obama’s EEOC Nominee: Society Should ‘Not Tolerate Private Beliefs’ That ‘Adversely Affect’ Homosexuals,” cnsnews.com, January 18, 2010.
36. Tess Civantos, “White House Spent $23M of Taxpayer Money to Back Kenyan Constitution That Legalizes Abortion, GOP Reps Say,” Fox News, July 22, 2010.
37. Steven Ertelt, “Obama, Congress Cut Funding for 176 Abstinence Programs Despite New Study,” LifeNews, August 26, 2010.
38. Steven Ertelt, “President Barack Obama’s Pro-Abortion Record: A Pro-Life Compilation,” LifeNews, February 11, 2012.
39. Brian Montopoli, “Obama administration will no longer defend DOMA,” CBSNews, February 23, 2011.
40. Steven Ertelt, “Obama Admin Ignores Planned Parenthood Sex Trafficking Videos,” LifeNews, March 2, 2011.
41. Elisabeth Bumiller, “Obama Ends ‘Don’t Ask, Don’t Tell’ Policy,” New York Times, July 22, 2011; George Washington, The Writings of George Washington, John C. Fitzpatrick, editor (Washington: U. S. Government Printing Office, 1934), Vol. XI, pp. 83-84, from General Orders at Valley Forge on March 14, 1778.
42. Luis Martinez, “Will Same Sex Marriages Pose a Dilemma for Military Chaplains?,” ABC News, October 12, 2011.
43. Jerry Markon, “Health, abortion issues split Obama administration and Catholic groups,” Washington Post, October 31, 2011.
44. Barack Obama, “ Remarks by the President at Iftar Dinner,” The White House, September 1, 2009; Kristi Keck, “ Obama tones down National Day of Prayer observance,” CNN, May 6, 2009; Dan Gilgoff, “ The White House on National Day of Prayer: A Proclamation, but No Formal Ceremony,” U.S. News, May 1, 2009.
45.Franklin Graham Regrets Army’s Decision to Rescind Invite to Pentagon Prayer Service,” Fox News, April 22, 2010.
46.Obama Bans Islam, Jihad From National Security Strategy Document,” Fox News, April 7, 2010; “Counterterror Adviser Defends Jihad as ‘Legitimate Tenet of Islam’,” Fox News, May 27, 2010; “‘Islamic Radicalism’ Nixed From Obama Document,” CBSNews, April 7, 2010.
47. Chuck Norris, “ President Obama: Muslim Missionary? (Part 2),” Townhall.com, August 24, 2010; Chuck Norris, “President Obama: Muslim Missionary?,” Townhall.com, August 17, 2010.
48. Barack Obama, “Remarks by the President at Iftar Dinner,” The White House, August 13, 2010; “Obama Comes Out in Favor of Allowing Mosque Near Ground Zero,” Fox News, August 13, 2010; Pamela Geller, “Islamic Supremacism Trumps Christianity at Ground Zero,” American Thinker, July 21, 2011.
49.WH Fails to Release Easter Proclamation,” Fox Nation, April 25, 2011; “President Obama ignores most holy Christian holiday; AFA calls act intentional,” American Family Association (accessed on February 29, 2012).
50.Report: Obama’s Muslim Advisers Block Middle Eastern Christians’ Access to the White House,” Big Peace (accessed on February 29, 2012).
51. Masoud Popalzai and Nick Paton Walsh, “ Obama apologizes to Afghanistan for Quran burning,” CNN, February 23, 2012; “USA/Afghanistan-Islamophobia: Pentagon official apologizes for Quran burning,” International Islamic News Agency (accessed on February 29, 2012).
52.Military burns unsolicited Bibles sent to Afghanistan,” CNN, May 22, 2009.