BOSTON (MarketWatch) — The International Monetary Fund has just dropped a bombshell, and nobody noticed.
For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.
And it’s a lot closer than you may think.
According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now.
Well, Obama said that American exceptionalism is no different from Greek exceptionalism, so I guess now he’s wanting us to follow the path Greece did… once a world power, now… well, to be brutally honest… not so much.
In a brazen act of defiance against over 50 percent of the American people, Speaker of the House Nancy Pelosi and her fellow leftist statists in the U.S. House of Representatives passed the monstrosity known as H.R. 3962 – Affordable Health Care for America Act [Article – House passes health care reform bill; Vote garners only one Republican].
The snag in the works was getting so-called “moderate” “Blue Dog” Democrats to vote for the “deficit neutral” bill. How did Pelosi get so-called “Blue Dog” Democrats to vote for passage of the bill? There was certainly some arm-twisting that was done by leftist Democrats and President Obama himself; however, by simply inserting a stipulation known as the “Stupak Amendment“, which limits, but does not eliminate coverage and funding for abortions, that’s all it took for so-called “moderate” Democrats to submit an “up” vote.
Never mind the insertion of items that don’t have anything to do with health care reform and that raise taxes on people whom President Obama promised would not be taxed. Never mind that over 50 percent of Americans do not want a public “option” or in other words, government-run health care [Rasmussen Report – Health Care Reform].
Self-serving, hyper-ambitious politicians on all levels of government do not care about the will of the American people. They do not genuinely care about the health and well-being of the American people. They have proven time and again that they are nothing but a group of haughty, arrogant, elitist power and money grabbers with an aristocratic sense of predestinate entitlement.
The next election cycle is only a year away. A lot can happen in a year and those who want to retain their positions of power will do their best (or worst) to pull the wool over their constituents’ eyes in an effort to get re-elected. They know that the memories of the people they claim to represent are short. They are banking on that knowledge because it is a successful time-tested strategy.
So-called health care reform is only one link in a longer chain of enslavement that leftist bosses are forging for America. They are only a couple of links away from completing that chain. After the chain is complete, it will be almost impossible to break it.
What will you do? Will you vote for or against the chain? The 2010 elections should give us an indication.
Despite a GOP boycott, Senator Barbara Boxer (D-CA), chairwoman of the U.S. Senate’s Environment and Public Works Committee and other Democrats on the committee approved a climate change bill that would require cuts in greenhouse gas emissions by 20 percent over the next decade from 2005 levels [Article – Senate Panel Approves Climate Change Bill Despite GOP Boycott].
In typical overreaching fashion, leftist politicians are attempting to force unpopular economy-killing legislation through. However, there is a silver lining: The bill has passed committee, but it now goes to the Senate floor, where it is expected to die an ignominious death.
This goes along with a previously submitted ACW post, touching on how leftist politicians tirelessly and tenaciously try to further their destructive interests [Reference – German Chancellor Merkel And The Climate Change “Wall”].
To be sure, the battle to force through legislation based on junk science will continue. Without unwavering, steadfast opposition to leftist environmental lunacy, it is a guarantee that climate change legislation will be passed and the suffering of the American people will last for decades.
Yesterday marked the 20th anniversary of the pulling down of the wall separating East and West Berlin in Germany. For the first time, a German head of state spoke before U.S. Congress. German Chancellor Angela Merkel addressed members of U.S. Congress and one of the subjects Merkel spoke about was the need for a global deal on climate change [Article – Merkel meets with Obama, then talks to Congress]. Perhaps a symbolic appeal by Merkel to tear down the climate change “wall” [Article – The European Experience with Cap and Trade]?
With support for cap and trade legislation on the decline, President Obama vows that the United States will play a prominent role in decreasing global greenhouse gas emissions. Obama’s answer to the climate change question is cap and trade legislation.
The Waxman-Markey bill or rather, Taxman-Malarkey bill (H.R. 2998 – American Clean Energy And Security Act Of 2009) is currently in limbo, since health care reform legislation has taken center stage. Beltway politicians have certainly been working behind the scenes on slipping cap and trade legislation through, with very little public scrutiny…so they hope.
If the United States agrees to comply with some sort of global climate change contract in Copenhagen, Denmark, this will surely embolden leftist environut anti-capitalists in America to get climate change-related cap and trade legislation enacted.
If such a bill goes through, it will destroy the American economy, no ands, ifs or buts about it. We think unemployment is bad now, wait and see how high it will be if cap and trade becomes law. In addition, we and future generations of Americans will pay dearly for the taxes, fees and other costs climate change legislation will incur [Article – Leading Climate Scientist: Cap and Trade Could Ruin US Economy | Reference – Treasury Department – Climate Change Bill Could Cost American Families $1,761 A Year]. Read More…
Here is a copy of all 1990 pages of H.R. 3962 – Affordable Health Care for America Act for your reading pleasure, providing you want to read the whole thing, which I’m sure would be more than most members of the U.S. House of Representatives have done:
What I gather from all of the talk about the legislation, it is basically the H.R. 3200 – America’s Affordable Health Choices Act of 2009 on steroids, including more convoluted and vague legal speak in an effort to mask the establishment of a government-run health care system.
Again, cost estimates on the legislation are incomplete and contrary to what House Speaker Pelosi thinks, each present (and future) American citizen could be facing a bill that is worth over 1 trillion dollars (that’s $1,000,000,000,000.00), instead of the less than 900 billion dollars Speaker Pelosi would like us to believe the cost to be. This will hardly give a majority of Americans the “choice” on whether or not to pay for something they don’t want in the first place [Article – CBO: House Bill Costs $1.055 Trillion].
I thought I hadn’t awakened from my sleep and was still dreaming when I heard that our most highly esteemed potentate and savior of the world, President Barack Hussein Obama, had won the Nobel Peace Prize [Article – Obama says he’ll accept Nobel as ‘call to action’].
President Obama was gracious in his acceptance speech. He had the same feeling of shock and surprise that millions upon millions of people experienced when it was announced that he had won the Nobel Peace Prize. He acknowledged that he was not deserving of the prize and didn’t view the award “as a recognition of my own accomplishments,” but rather as a recognition of goals he has set for the U.S. and the world. Mr. Obama said, “I do not feel that I deserve to be in the company of so many transformative figures that have been honored by this prize.” But, he said, “I will accept this award as a call to action, a call for all nations to confront the challenges of the 21st century.”
What accomplishments? Community organizing? Being a state senator? Performing the duties of a U.S. Senator for the sum total of two years? Talking about hope and change? By transformative figures, I am guessing that President Obama is excluding the late bloodthirsty terrorist Yasser Arafat. It should give us all a warm fuzzy that Obama is accepting the award as a “call to action”. You mean like giving the barbaric Taliban in Afghanistan a role in the government there [Article – Obama Focusing on al Qaeda, not Taliban]? Read More…
With conservative and moderate Republicans and Democrats being opposed to a public “option” being included in any health care (insurance) reform legislation, Senate Majority Leader Harry Reid (D-NV) has threatened to use reconciliation or the “nuclear” option to ram health care (insurance) reform legislation down America’s collective throat [Article – Reid Threatens ‘Nuclear Option’ to Pass Health Care Reform as Panel Starts Work].
What’s more, a draft of the U.S. Senate’s health care (insurance) reform legislation will not be available for the public to read and research. So much for transparency [Press Release – 1. Bunning Introduces Transparency Resolution | 2. Bunning: Democrats Are Intent On Keeping Americans In The Dark].
There has been talk of passage of a watered-down bill that would leave the way open for any public “option” amendments or other amendments that would receive stiff opposition if they were inserted in committee [Article – 1. Boehner Decries “Phantom Amendments” Added to Senate Health Care Bill After Committee Vote | 2. The Vapor Bill – Congress’ Secret Plan to Pass Obamacare – Update | 3. New plan might allow Dems to slip public option through Senate].
Go ahead all of you power-hungry, self-serving, leftist politicians—force through legislation that the American people don’t want [Article – Reconciliation 101: A “Nuclear” Abuse of Power]. I’m sure most if not all of you know that you are going to be committing political suicide. You claim to care about the wants and needs of the American people. If you continue to defy the will of the people, with elections coming up, the people will show just how much they care about you.