My Name is Mortimer M. Moneybags III & I Just Bought Elk County

[Warph]

DO YOU EVER WONDER, CHUMP?

Ever wonder about why our economy is in trouble? How can so many people can be in so much debt at the same time? Does it seem strange to you no matter how hard one works, and in spite of all the advances in society, most hard working people cannot escape the treadmill of perpetual debt?

Why are so many families losing their homes to foreclosure? Why are many households dependent upon credit cards to supplement their income? Why does it take TWO spouses to maintain a household when it used to take just one? Why have so many retirement savings been wiped out? Why do prices always creep up?

Did you know that close to 1/3 of all income taxes are consumed just to pay interest on the Federal Debt? (National Debt currently 16 TRILLION DOLLARS , or about $135,000 per household.) Think about it. Every penny that you pay in income tax from January 1 - April 30 is consumed just to pay interest, much of it to foreign banking families!  And let's not forget the Government's unfunded future liabilities, estimated at 75 TRILLION. (an additional $600,000+ per household.)

Add those staggering sums to your mortgage debt, car loan debt, student loan debt, credit card debt, State debt, County debt, City/Town debt, small business debt, big business debt, and you will see that the total of these debts actually exceeds (BY FAR) the amount of money supply in circulation.

So, how can such astronomical debt ever be repaid? Well, if you haven't figured it out yet - IT CAN'T. The only way to service just the interest on these monstrous debts is to constantly take on new debts.

Finally, on top of all your Federal, State, gasoline, and local taxes, (30% - 40% of your gross income) and on top of your personal debt service burden (another 25%-50%), there's this thing called "inflation", or  "the cost of living." What exactly is "the cost of living?" What causes it? Why does a dollar buy less and less each year while wages stay flat?

Is the stress of perpetual debt and rising prices keeping you up at night? How many strokes, heart attacks, and even suicides are induced by financial stress each year? Money and debt may even have led to your drinking problem, or perhaps even to  depression. Debt may have been the underlying cause of your divorce or that of some couple that you know.

You know in your gut that something isn't right in this country. But you don't have the "Economics education" to figure it out. It all seems too complicated for you to put your finger on, so you just keep slaving away to pay interest and taxes as your dollar buys less and less. All you can do is keep working like a dog and leave the matter to the Wall Street "experts" and politicians to handle for you.

But it's all quite simple really. So simple in fact, even a dummy can understand it when it is broken down to basic elements.

So then, how exactly did you all become such debt/tax/inflation slaves? Well, I'll let you in on my little secret. You will be amazed at how easy it is to understand.



My name is Mortimer M. Moneybags III and this is the true story of how I bankrupted and enslaved my hometown of Tomatoville, USA:

THE SETUP

One night, Bill, Frank, John, and Mike came over to my place for a friendly game of poker. My four neighbors are all prosperous tomato farmers. Tomatoes actually serve as the currency of Tomatoville, USA.

Before starting, the five of us agree to each put up 10 tomatoes as our "risk capital." That's a total of 50 tomatoes. (Gross Domestic Product - GDP)

Play begins and we realize that trading tomatoes during our bets is awkward. I suggest that we utilize paper notes to represent our tomatoes instead. Because I hold a degree from Harvard, all agree that I should act as "Central Banker".

We place our tomatoes in the center of the table and I print 50 paper notes with the face of  Tomatoville's founder on them (corresponding to the 50 total tomatoes, 10 notes for each player). Each paper note therefore represents 1 tomato....simple. (sound money/hard money/gold standard)

As play resumes, I have an unseen advantage over my guests. At 30 minute intervals, I repeatedly excuse myself for a "bathroom break." (Fed Meetings) During this time, I'm actually sneaking into my bedroom and printing up more 1 tomato notes (fiat money).

"The Money Magician creates money out of thin air."

Upon returning, I gradually gamble and inject ever increasing amounts of notes (liquidity) into the game (the economy). By midnight, the original 50 notes has increased to 500 total notes.
After ebbs and flows, the game was remarkably even at midnight. The five of us, who had each started out with just 10 notes apiece, now held 100 notes apiece. As you might expect, due our newly found "wealth", the size of each player's bets increased in direct proportion to the growth in the supply of Tomato Notes. (price inflation).

But the same 50 tomatoes  -the true intrinsic value of the game - (GDP) remain  in the jackpot.

Because we are getting so "rich" from the game, I propose that instead of ending the game, we leave everything as is and resume play the following month.

"Why don't you fellows spend some of your Tomato Notes, and save some to invest in next month's play. Tell the shopkeepers that each Tomato Note represents one tomato that is still sitting on this table. They'll accept the Notes as if they were actual tomatoes."

"Great idea Mortimer! The paper is so much more convenient to trade than the tomatoes." replied Mike.

All agree to suspend play and resume next month. Before they leave, I announce that I'm cashing in 20 of my 100 notes in order to make tomato sauce the following day.

At the original ratio of 1 note to 1 tomato, my 20 notes trade for 20 tomatoes. I have doubled my original "investment" of 10 tomatoes (profit taking), and still have 80 paper notes with which to resume the game next month. There are now only 30 total tomatoes remaining on the table.

As I expected, my friends have no intention of cashing in any of their "winnings" because the returns from the game are so high. They each hold 100 notes and really believe that their original 10 tomatoes have yielded a 10 to 1 return from playing the game (Bull Market, irrational exuberance).

When the players explain to the town merchants that the Tomato Notes represent actual tomatoes that are stored at my house, the merchants gladly accept the notes as if they were actual tomatoes. During the ensuing month, the players spend many of their notes and take out various loans as well.
 
Bill buys his wife a new sports car by putting down 25 Tomato Notes and taking a loan for the balance. (Detroit prospers.)
Frank takes out a small business loan to open up that restaurant he's always dreamed about (job creation).

John puts down a 50 Note down payment and signs a contract for a new home mortgage (housing boom).

Mike spends 40 of his Tomato Notes and also goes on a credit card shopping spree (consumer confidence).

The local bank manager also trusts that the Tomato Note income of the borrowers represents true wealth, so he honestly believes that he is not engaged in risky lending when he lends out his depositors tomatoes to the successful poker winners. (Sub Prime mortgages, No Money Down Mortgages)

The bank then sells some of the loan notes to The Tomato Street investment houses. Blinded by greed, and ignorant of "the big picture", Tomato Street portfolio managers believe that the debts are solid investments for their clients. (secondary market ,mortgage backed securities)

So not only do the four players believe that they are prospering, but the businessmen that are now selling more goods to the wealthy poker players believe that they are earning more Tomatoes also! They too increase their personal spending and borrowing accordingly. (multiplier effect)

As the new "prosperity" makes its way through the town, the prices of goods and services also begin to rise - exactly like the size of the bets in the poker game had risen, and exactly for the same reason! Everyone thinks they are getting "richer", but their new wealth is artificial and temporary.

Me? I just rub my hands in glee and laugh at how foolish these people are.

The economy of Tomatoville is BOOMING......or so it seems.

THE STING

The Poker players and I meet again at my place and pick up where we left off the month before.  The mood is jovial as the players look forward to another round of "earnings". After a few hours of more silent note injection,  1000 notes now circulate evenly among the players (200 each). My guests boast among themselves about all the new toys they have recently charged. They aren't worried about the debts they are incurring because, if necessary, they can always cash in their abundant paper notes for tomatos (equity) and pay everything off free and clear.

John then mentions that he has noticed that the town merchants have increased the prices of their goods and services.

"Have you guys noticed how expensive milk and eggs have gotten lately?" John asks.

"Yes! I noticed that too." said Bill. "And a cup of coffee now costs 2 tomato notes! Why is that Mort?"

Anticipating that this question would arise, I launch into my cleverly planned explanation:

"Well gentlemen, there are three underlying causes behind the price inflation you are seeing at the town stores. First, when the town merchants learned of your new prosperity, they increased their prices because they knew you could now afford to pay more. That's typical capitalist price-gouging."

"Those greedy bastards!" shouted Frank.

I continue:

"Yes. Greed is a main factor. But our shopkeepers aren't the only greedy businessmen. The second reason for this inflation is that the folks over in Oilville have got us over a barrel. They too have increased their oil prices. Because all of the goods we buy have to be shipped by train and truck, the increase in transportation costs gets passed on to you the consumer."

Mike leaps to his feet and angrily declares: "I say we bomb Oilville back to the stone age and just take their damn oil!"

"I don't know about going to war, but we definitely need to develop solar and wind energy here in Tomatoville."     adds Frank.

"What's the third reason for this inflation?" asks John.

To which I reply:

"The third reason isn't related to greed. It is due to the prosperity of the people over in Potatoville. As Potatoville develops its economy, they grow and sell more potatoes. This increases their own demand for oil. That increased demand pushes oil prices up. Again, because our economy runs on energy, Potatoville's prosperity is contributing to the inflation you are seeing here in Tomatoville."

To my amazement, the men, acting as if they have been enlightened by some deep philosophical discourse, all nod their heads in agreement at the utter nonsense I have just spewed.  We then resume the game.

After a few more hours of play, I decide to trade in 20 more paper notes for 20 more tomatoes (insider trading). My friends ridicule me. "Mortimer! Why would you trade in notes for tomatoes when we are all making so much money?" they ask.

"I just want to lock in some of my winnings now. You never know if fortunes may turn." I replied.

I have now "earned" a total of 40 of the original 50 tomatoes from the table, quadrupling my initial investment. Whereas my  scam was not obvious before, my victims now clearly see that the true value of the tomato jackpot  has diminished (recession, Bear Market). They each started with 10 tomatoes. So how come they hold hundreds of notes when there are only 10 tomatoes left for the four of them to divide?

Bill panics. "I'm trading in!" he declares. He dumps all 200 of his notes and attempts to grab the remaining 10 tomatoes (stock market crash, bank run)."

Not so fast Bill!" declares Frank. "If you get those remaining tomatoes there will be none left for us!"

"Oh my God! Mortimer! How am I going to pay off my debts to the town's merchants? What's happened here?" Mike asks.

My expression turns somber as I reply:

"Damn! I was afraid this might happen. Because we were doing so well, the game "overheated". The Tomato Note fell against the tomato. When that happens, the cost of playing goes up (inflation) and then a contraction occurs (recession).  It's a natural cycle."

"So how do we allocate the remaining tomatoes?" John asks.

"Simple." I replied. "It's called currency devaluation. You four  each have 200 notes in hand, and I have 160. That's a total of 960 notes in circulation (money supply). There are 10 tomatoes remaining. Divide the 960 notes by the remaining 10 tomatoes and the new cost of a tomato is therefore 96 notes (hyper-inflation). That means that your 200 notes can buy back 2 of the remaining 10 tomatoes for each of you."

The paper Tomato Note currency has lost its purchasing power (inflation, bubble bursting) and my 4 neighbors have each lost 8 of the original 10 tomatoes they had once owned. I walk away with 42 of the original 50 tomatoes. (real wealth)

***AUTHOR'S NOTE***

If the players had added 950 tomatoes to the original 50 (GDP growth), there could be no bubble and the Tomato Note would have retained its 1-1 value. (1000 notes / 1000 tomatoes)  Even in a crooked monetary system, increased production "props up" a debased currency. But the people will not benefit from the increased production because the extra wealth is stolen by Mortimer's printing press.  Mortimer can always create new bubbles by printing up even more notes and then being the first one to "cash out." In bubble economics the first sellers to get out of the game (stock market, real estate market etc), will profit unfairly by receiving inflated "fake" value for their stocks, homes, currency etc. When the game then adjusts to the burst bubble value, the remaining sellers get less. (Examples: Investors who sold their stocks when the Dow Jones was at 14,000. Homeowners who sold in 2006 at the peak of the real estate bubble. Investors who in 2007 exchanged US dollars for gold or other hard commodities.)

An honest money system  keeps the growth of money supply proportionate to the growth of  goods and services (GDP) for a 1-1 ratio. (no inflation / no deflation)  But when money is printed "out of thin air" (as opposed to gold or silver which have intrinsic value due to rarity and beauty ) Mortimer is always ahead of the players, especially when he starts lending  notes to the Mayor and local bank, at interest. When that happens, all of Tomatoville becomes Mortimer's poker game.

But the real problem is that the four suckers, believing they were "wealthy", had charged up a lifestyle that they can no longer sustain.

That car Bill bought for his wife? Can you say "Repo Man?"

Franks new restaurant? The chefs and some waiters will have to be laid off (increased unemployment).

Mike's credit card bills? Soon to be delinquent and destroying his credit rating. (credit crunch, local Bank losses)

John's new home? Foreclosure, followed by divorce (housing slump).

The merchants who had sold or loaned to them will also be negatively affected. Anyone who had dealings with the free spending Poker players is also holding devalued notes and possibly carrying bad debts. The artificial debt & inflation prosperity had spread like viruses, and now the malinvestment balloon has to painfully deflate.

The bewildered and frightened town folk don't understand how this  happened. Because of my Ivy League credentials, coupled with the fact that I have accumulated so much wealth, they look to me for expert advice and answers.

I explain to them that we are in a liquidity crisis:

"Friends! This is part of the natural business cycle. Sure, you  have suffered a short term loss, but in the long term we all come out OK as the markets recover. You saw how much wealth you had earned. If you get out of the game you'll be locking in your losses."

"The market has hit bottom. Truth be told, you guys helped create this mess yourselves with your reckless consumer borrowing, and the local bank should have known better than to lend its depositors tomatoes out so carelessly. (blaming the symptoms, instead of the cause) This is the problem with free market capitalism sometimes."  

"I will advise Mayor Bulshitz to institute new legislation, a huge stimulus package, and more regulation over private enterprise (New Deal). We shall create a social safety net in order to protect you from future naturally occurring business cycles." (Great Society, War on Poverty)

"Greedy Corporations, town shopkeepers, and employers big & small created this mess and it must never happen again. (class warfare) We will impose strict price controls to fight the inflation that the greedy , price-gouging shopkeepers caused."

"We will tax the rich! (Federal Income Tax, established in 1913) Free health care! Free education! (socialism) Liberty! Equality! Fraternity! Change we can believe in! Hope! Yes we can! Workers unite! You have nothing to lose but the chains which bind you!"

"Don't worry about the town's Constitution. It's an outdated document written by a bunch of dead white guys. If we are to fix this mess, then we must ignore its limitations on progressive government action."

"If you give me power, I will take care of you."

***AUTHOR'S NOTE***

To feed the insatiable debt monster, and to maintain confidence in his notes, Mortimer must have a perpetually growing GDP (more tomatoes). If not, runaway debt and inflation will cause the economy to implode sooner, rather than later.  GDP growth is fueled by "consumer spending"(consumption) and the constant borrowing which enables it.  This is why economists, politicians, and other assorted lunatics are so obsessed with constant GDP growth.

"The tomato must no longer serve as the backing for our currency. To meet the liquidity needs of our new system, it is imperative that we get this town off of that antiquated, "barbaric fruit" Standard (hard money) and transition to my expertly managed paper currency." (fiat money)

"As far as the poker markets go, now is the time to play even more aggressively (buy low). We'll meet again next month. In the meantime, work harder and bring more tomatoes to the next game, I'll print more notes to increase liquidity and induce the banks to loosen up credit once again. (pump priming, quantitative easing)

"If the local banks need to make more loans, I'll lower their reserve requirements so that they can lend (create) money that they don't have. As long as too many depositors don't make withdrawals all at the same time, like you fellows did in our poker game, they'll be none the wiser." (fractional reserve banking)

Even if there is a bank run, or if the bank's loan demand exceeds it's reserve requirement, I'll act as the "lender of last resort" (Federal Reserve, established in 1913) and lend (create money for)  to the local bank at interest (Bank takeover, Discount Window).

I will also lend to (create money for) the Mayor's office (Open Market Operations, purchase of T-Bills, stimulus) , and bail out (create money for) the Tomato Street Brokerage houses that I deem to be "too big to fail" (Goldman Sachs, JP Morgan bailout package).

"Let the good times roll!"  

I continue: "Finally, I will organize an emergency meeting of the Mayors, Finance Ministers, and Note Printers of the European towns (G-20, "world stage").  Now is not the time for isolationism. (independence, sovereignty)  Global problems demand global solutions! (IMF, World Bank, WTO, UN)."

"We will recover.  So keep spending, secure in the knowledge that the best and the brightest of the world community are on the job. We have nothing to fear but fear itself!"

***AUTHOR'S NOTE***

The "business cycle" is very simple. When the rate of growth in money supply (debt supply) exceeds the rate of growth in the general economy (GDP), the excess "money" has to go somewhere. It creates an illusion of prosperity. Artificial bubbles will form either in housing, stocks, currency, etc. Eventually the market always corrects for these phony excesses and the bubbles burst. (just like the poker game.)

THE WRAP UP

"We the Central Bankers own it all!"

The men leave my place full of hope, grateful that a financial "expert" and a caring leader are in charge of the recovery plan. Incredibly, I have convinced them that it was free enterprise, tomato currency, and limited government (the three main pillars of their original prosperity), that caused their problems.

Instead of seeing my inflationary system, my perpetual interest demands, and the Mayor's out-of-control spending and high taxes as the causes of their lower standard of living, they actually worship Mayor Bulshitz as a savior. Bulshitz gives them all the socialistic "free" goodies that our destructive schemes made unaffordable for them in the first place.

First we crush the owners and the workers of the private economy. Then, Bulshitz rides in like a knight on a white horse, offering welfare schemes to save them.

The simple townfolk never stop to think that were it not for us, they would have the income and capital to take care of themselves!

When Bulshitz runs short of money (as he always does), I'm there to lend it to his office...at interest of course.

Damn I love this job! .

My European colleagues and forefathers have been running this scam for centuries. During this past century, we've been working to diversify our operations to include control of the world's natural resources. Whenever some independent-minded foreign mayor resists our game of Banking & Resource Monopoly, (Iraq, Venezuela, Iran), our friendly mayors (the "free world") will team up  to bring that town back in line (sanctions,UN resolutions, spreading democracy,CIA coups,wars). Perhaps one day we may even merge our operations under a single global umbrella? (New World Order, G-20, Global New Deal, Global Warming scare).

I also play golf with the owners and publishers of the local "liberal" newspaper as well as with those from the "conservative" media. Through my close friendship with them, I am able to influence the editorial and news content of both. It's sort of a "good ole boys" networking thing. As long as they don't expose my operation, I am happy to allow the two parties and their sheeplike followers to amuse themselves with the daily drama of those superficial popularity contests known as "political campaigns." By having the "left" and the "right" beat each other up, the townfolk are kept divided and diverted from my actions. In the end, it is I who wins EVERY election.

"While Mortimer's Media glorifies
his paid agents."


"Professor Pointyhead peddles
Mortimer's bullshit"

My "philanthropic endowments" to Tomatoville University guarantee that my twisted version of economics is taught to the students. Awestruck by my immense wealth and prestige, most, but not all ("Austrian School", Peter Schiff, Ron & Rand Paul), of the economists at "TU" are eating out of my hands. So, when the town folk read The Tomato Street Journal, or hear Professor Pointyhead speak on TV, my false theories are reinforced in their minds.(Keynesian Theory, "Chicago School")

All, except for John - the critical thinker of T-ville. He figures it all out and embarks upon a one man Internet crusade to expose me, calling me a "counterfeiter", "usurer", "insider trader", "warmonger", and "The Shadow Mayor."

"John is Baaaaaad."  

My fellow Country Club members from the media convince everyone that John is "paranoid", and an "extremist" who is a mentally unstable "conspiracy theorist" and potential "domestic terrorist." Most of the town folks defend my intellect and character, and disassociate themselves from John. The others are too burned out by the hustle of life to even make the time to study politics and economics.  Eventually, John is denied access to The Tomato Street Journal and throws his hands up in frustration.

Tomatoville is deeply in debt in to me because the massive police force and the "safety net" programs (that my destructive monetary schemes necessitated) are very expensive!  I've got so much dirt on Mayor Bulshitz, that if he dares to either reintroduce the tomato standard, or if he decides to print interest free currency proportionate to the amount of real goods and services in the town, my newspaper friends and slick TNN anchormen can ruin him.

***AUTHOR'S NOTE***

A typical example of the incestuous old boy's network that exists between the Wall Street, Washington DC, Central Banking, and corporate media elite, is the case of international banker, Eugene Meyer.

WALL STREET: Meyer got his start as an investment banker with the firm of Lazard-Freres.  He became a wealthy speculator and earned a seat on the New York Stock Exchange.

WASHINGTON:  Meyer served as head of the War Finance Corporation under President  Woodrow Wilson during World War I.  

CENTRAL BANKING: President Hoover later named Meyer as Chairman of the Federal Reserve in 1930, which he chaired until 1933. After World War II, President Truman appointed him to head the World Bank.

MEDIA:Meyer bought the Washington Post in 1933 (Arguably America's most influential newspaper). The Post also owns Newsweek.

Upon Meyer's death, control of The Post passed to his daughter, Katherine Meyer Graham. Today, The Post is run by Katherine's son, Donald Graham.

"All in the family." The Meyer-Grahams 100 year old influence includes the White House, the FED, The World Bank, The Washington Post, and Newsweek Magazine.

But Mayor Bulshitz, as well as his rivals from the other Party, are all very easy to get along with. Most politicians are just ambitious liars who only care about getting re-elected. My printer helps cover the huge budget deficits generated by their vote-buying welfare schemes and their endless foreign wars. One hand washes the other. It doesn't serve the insatiable ambitions of the local politicians to alienate a well connected "bi-partisan" donor like me.

Every few years, for public show, Mayor Bulshitz gets to nominate a printing "Chairman" from my list of preferred professors. Because of this "dog and pony show", most readers of The Tomato Street Journal believe that the central banking operation is regulated by the Mayor's office. It's not.

In reality, it is a private cartel, owned and operated by my banking associates and me. It is only our cartel that gets to print (or E-mail) the actual money supply, and then inject it at will into the government treasury (FED purchase of T-bills) and banking systems (FED loans to member banks, lower reserve requirements), as we see fit.

Because debt is the actual currency, you can never stay out of debt. The total of all debt and interest owed always exceeds the total money supply.

So you see, this debt based currency system is actually nothing but a massive pyramid scheme. We international banking and media kingpins sit on the top. Our wholly owned politicians, professors, & reporters sit on the levels below.  While you worker bees are stuck on the bottom levels - toiling away to perpetually support the crushing weight of our fraudulent structure.

It's like a game of musical chairs, where the number of players always exceeds the amount of chairs. I start and stop the music at my pleasure as you exhaust yourselves running around in circles for my amusement. I stimulate the "booms" (blowing bubbles), and the "busts" (letting some air out), profiting from both.

Now you know the secrets of my success and power. You're probably wondering why I would reveal the truth and indict myself like this. Right?

It's simple. It's because I do not respect you. I know that no matter how badly I screw you, no matter how much I steal from your kids' mouths...you won't do a damn thing about it.

It would never even cross your mind to take the personal initiative to spread this story around to your friends and family. If everyone who read my confession passed it on to 10 others, my game would be up in no time. But I know you won't do that. As long as there is a ballgame or a reality TV show to entertain you..... as long as you have a few beers in your refrigerator.... I can do or say whatever I want...forever.

"Different Parties... Same B.S."

Poker at my house, everybody! Who's in?

Mortimer M. Moneybags III

[Warph]

The following are 37 statistics which show how four years of Obama have wrecked the U.S. economy...

The mainstream media covered the inauguration of Barack Obama with breathless anticipation on Monday, but should we really be celebrating another four years of Obama?  

The truth is that the first four years of Obama were an absolute train wreck for the U.S. economy.  

Over the past four years, the percentage of working age Americans with a job has fallen, median household income has declined by more than $4000, poverty in the U.S. has absolutely exploded and national debt has ballooned to ridiculous proportions.  Of course all of the blame for the nightmarish performance of the economy should not go to Obama alone.  Certainly much of what we are experiencing today is the direct result of decades of very foolish decisions by Congress and previous presidential administrations.  And of course the Federal Reserve has more influence over the economy than anyone else does.  But Barack Obama steadfastly refuses to criticize anything that the Federal Reserve has done and he even nominated Ben Bernanke for another term as Fed Chairman despite his horrific track record of failure, so at a minimum Barack Obama must be considered to be complicit in the Fed's very foolish policies.  Despite what the Obama administration tells us, the U.S. economy has been in decline for a very long time, and that decline has accelerated in many ways over the past four years.  Just consider the statistics that I have compiled below.  

The following are 37 statistics which show how four years of Obama have wrecked the U.S. economy...

1. During Obama's first term, the number of Americans on food stamps increased by an average of about 11,000 per day.

2. At the beginning of the Obama era, 32 million Americans were on food stamps.  Today, more than 47 million Americans are on food stamps.

3. According to one calculation, the number of Americans on food stamps now exceeds the combined populations of "Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming."

4. The number of Americans receiving money directly from the federal government each month has grown from 94 million in the year 2000 to more than 128 million today.

5. According to the U.S. Census Bureau, more than 146 million Americans are either "poor" or "low income" at this point.

6. The unemployment rate in the United States is exactly where it was (7.8 percent) when Barack Obama first entered the White House in January 2009.

7. When Barack Obama first entered the White House, 60.6 percent of all working age Americans had a job.  Today, only 58.6 percent of all working age Americans have a job.

8. During the first four years of Obama, the number of Americans "not in the labor force" soared by an astounding 8,332,000.  That far exceeds any previous four year total.

9. During Obama's first term, the number of Americans collecting federal disability insurance rose by more than 18 percent.

10. The Obama years have been absolutely devastating for small businesses in America.  According to economist Tim Kane, the following is how the number of startup jobs per 1000 Americans breaks down by presidential administration...

Bush Sr.: 11.3

Clinton: 11.2

Bush Jr.: 10.8

Obama: 7.8
11. Median household income in America has fallen for four consecutive years.  Overall, it has declined by over $4000 during that time span.

12. The economy is not producing nearly enough jobs for the hordes of young people now entering the workforce.  Approximately 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed in 2011.

13. According to a report from the National Employment Law Project, 58 percent of the jobs that have been created since the end of the recession have been low paying jobs.

14. Back in 2007, about 28 percent of all working families were considered to be among "the working poor".  Today, that number is up to 32 percent even though our politicians tell us that the economy is supposedly recovering.

15. According to the Center for Economic and Policy Research, only 24.6 percent of all of the jobs in the United States are "good jobs" at this point.

16. According to the U.S. Census Bureau, the middle class is taking home a smaller share of the overall income pie than has ever been recorded before.

17. According to the Economic Policy Institute, the United States is losing half a million jobs to China every single year.

18. The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

19. According to the World Bank, U.S. GDP accounted for 31.8 percent of all global economic activity in 2001.  That number declined steadily over the course of the next decade and was only at 21.6 percent in 2011.

20. The United States actually has plenty of oil and we should not have to import oil from the Middle East.  We need to drill for more oil, but Obama has been very hesitant to do that.  Under Bill Clinton, the number of drilling permits approved rose by 58 percent.  Under George W. Bush, the number of drilling permits approved rose by 116 percent.  Under Barack Obama, the number of drilling permits approved actually decreased by 36 percent.

21. When Barack Obama took office, the average price of a gallon of gasoline was $1.84.  Today, the average price of a gallon of gasoline is $3.26.

22. Under Barack Obama, the United States has lost more than 300,000 education jobs.

23. For the first time ever, more than a million public school students in the United States are homeless.  That number has risen by 57 percent since the 2006-2007 school year.

24. Families that have a head of household under the age of 30 now have a poverty rate of 37 percent.

25. More than three times as many new homes were sold in the United States in 2005 as were sold in 2012.

26. Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

27. Health insurance costs have risen by 29 percent since Barack Obama became president.

28. Today, 77 percent of all Americans live paycheck to paycheck at least part of the time.

29. It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

30. The total amount of money that the federal government gives directly to the American people has grown by 32 percent since Barack Obama became president.

31. The Obama administration has been spending money on some of the most insane things imaginable.  For example, in 2011 the Obama administration spent $592,527 on a study that sought to figure out once and for all why chimpanzees throw poop.

32. U.S. taxpayers spend more than 20 times as much on the Obamas as British taxpayers spend on the royal family.

33. The U.S. government has run a budget deficit of well over a trillion dollars every single year under Barack Obama.

34. When Barack Obama was first elected, the U.S. debt to GDP ratio was under 70 percent.  Today, it is up to 103 percent.

35. During Obama's first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.

36. As I wrote about yesterday, when you break it down the amount of new debt accumulated by the U.S. government during Obama's first term comes to approximately $50,521 for every single household in the United States.  Are you ready to contribute your share?

37. If you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off.

But despite all of these numbers, the mainstream media and the left just continue to shower Barack Obama with worship and praise.  Newsweek recently heralded Obama's second term as "The Second Coming", and at Obama's pre-inauguration church service Reverand Ronald Braxton openly compared Obama to Moses...

At Metropolitan African Methodist Episcopal Church, Braxton reportedly crafted his speech around Obama's personal political slogan: "Forward!"

Obama, said Braxton, was just like Moses facing the Red Sea: "forward is the only option ... The people couldn't turn around. The only thing that they could do was to go forward." Obama, said Braxton, would have to overcome all obstacles – like opposition from Republicans, presumably, or the bounds of the Constitution. Braxton continued, "Mr. President, stand on the rock," citing to Moses standing on Mount Horeb as his people camped outside the land of Israel.

But it wasn't enough to compare Obama with the founder of Judaism and the prophet of the Bible. Braxton added that Obama's opponents were like the Biblical enemies of Moses, and that Obama would have to enter the battle because "sometimes enemies insist on doing it the hard way."