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This has to be said now for all americans and australians to think about

Reader comment on item: Reflections on Obama's Inauguration

Submitted by Tess (Australia) (Australia), Jan 25, 2009 at 07:43

First Obama must re regulate the dollar and bring spending under control to pay off all foreign debt and clearly stop printing money to prop up the usa dollar.

Herr Hitler did it and look what history showed us happened to the german economy then?.

It is critical that USA buys gold to back the usa dollar. This must happen to re establish faith world wide in the greenback.

The USA government then investigate every single financial institution, morgage banks, lending institutions, and audit each institution to see where the money went, and who has it still.

I may sound a conspiracy theorists but, it is no accident the timing of the financial situation and the elections. I believe it was a manipulated situation by islamist oil money. China and Russia are behind the financial attack on the USA.

I think long term plans were put into play years ago by socialists like Obama the lawyer who was involved with lobbying and pressuring clinton to allow high risk loans to minorities who cant afford them. I believe all that was done deliberately, to damage the american economy, Obama and all like him who did this back then in Clintons era, are involved, so is Saudis and Iran manipulating usa dollars, and China buying up usa foreign debts and loans.

I also beleive that arab oil money has been behind buying up of media organisations and many stock brokerage and listing companies and many usa banks.

I believe that a full and comprehensive audit of every bank and financial company will show that there are arab money also behind the de stabilising of the usa markets. Ahmadinejads opening of the iranian bourse and using not usa dollars for trade started something negative. He wanted to affect the usa dollar badly by doing so and he has suceeded.

Obama was the minority lobbyists lawyer whom "cigar" Clinton listened to and forced the banks to give high risk loans to the finacially marginalised and poorer communities unable to afford the payments, he began it and he was behind the long term financial disaster which has happened.

Previous to Clinton the banks had strict rules and did not give to those who could never afford to repay. Obama is no messiah, he helped start the financial disaster of fanny macs etc, he should be exposed for what he did not applauded once the disaster has destroyed the us economy.

America has no choice but to battle down for hard crash, and hard depression ahead thanks to Obamas misguided socialist agenda back then.

The USA government has no choice but to strictly re regulate the stock market, and government control the usa dollar exchange rate, the stock brokerage firms on wall street, and audit the lot of the stock brokerage firms, the financial banks, the lending institutions and prosecute them harshly for destroying faith in the democratic capitalistic system of freedoms.

America cannot any longer live on credit cards and above their means just as Australia cannot.

In the next five years keynsian economics will not work.

What has to change is the mental attitude of USA, to cut spending, pay off their credit cards and loans, save up and pay cash for things instead of easy credit, and no longer buy a house until they can really afford it on one wage if at all. Frugality must become part of the american consciousness again.

America has to pay its overseas and other debts off by cutting government expenditure and also cutting immigration.

If people have low wages it is up to themselves to get themselves educated at night school or colleges, to join unions and get workplace representation. When unions ar edestroyed so too are human rights and the position to barter or bargain with employers from employees, a master and servant relationship often happens, in underemployment and slave labour wages for real.

America has to shore up its defences, and secure its borders, it is time to stop giving billions every single year in overseas aid, to governments which are not true allies of the usa, instead the USA must use those billions to pay off its overseas debts and improve the lives of its own people, and provide healthcare to the poor whom are dying in droves from being unable to afford health insurance premiums.

America needs to become a spendthrift economy, and mentality. America cannot continue to spend spend spend and borrrow trillions.

It must pay back all its debts within 5 years by cutting costs, cut all overseas aid off, let the other countries sort their own mess out, while america makes its own economy and usa dollar secure.

It has to buy gold and sure the economy and dollar now, one dollar in gold in reserves for every single dollar in the currency markets,it cannot keep spending like there is no tomorrow or there will be no american dollar to spend later.

This american government had better deliver the promised change- pay off all overseas debts, cut spending and bring the troops home if thats what obama intends to do as he says - personally thats gonna be a disaster believe me, This current USA government better stop giving its money away to unaudtable overseas programmes and overseas aid when the taxpayers need him to deliver now to pay off all usa government overseas debts now.

USA Govt has to make people more responsible for their own welfare and well being, provide for their own futures and grow their own food liek they did in world war 1 and world war 2 to save money. Times will be very very harsh I know ahead, but if this government do not do these things american economy will be forever destroyed and so too its ability to stop islamic overthrow of democracies.

Submitting....

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Note: Opinions expressed in comments are those of the authors alone and not necessarily those of Daniel Pipes. Original writing only, please. Comments are screened and in some cases edited before posting. Reasoned disagreement is welcome but not comments that are scurrilous, off-topic, commercial, disparaging religions, or otherwise inappropriate. For complete regulations, see the "Guidelines for Reader Comments".

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