WATCH: Complete VideoPresident Obama's Speech at
The Martin Luther King Jr.
Memorial Dedication

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1st Lady Shops at Target:

Incognito and Unrecognized !

LOVE Our 1st Lady !

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VIDEO:
BBC Speechless As Trader Tells Truth:


" The Collapse is Coming...and Goldman Sachs
Rules The World "

H/T ThinkProgress & J&J Politics

International Trader: ‘I Go To Bed Every Night And I Dream Of Another Recession’ | While European government and financial leaders are scrambling to prevent a financial crisis in the Eurozone that would likely throw the global economy into even more turmoil, stock trader Alessio Rastani took to BBC today to tell the world that traders were looking forward to the possibility of a second big recession. “For most traders, it’s not about – we don’t really care that much how they’re going to fix the economy, how they’re going to fix the whole situation,” he said. “Our job is to make money from it.” Rastani, who also claimed “Goldman Sachs rules the world,” said, “Personally, I’ve been dreaming of this moment for three years…I go to bed every night and I dream of another recession. When the market crashes… if you know what to do, if you have the right plan set up, you can make a lot of money from this.”
Wall Street bankers like Rastani, meanwhile, are large donors to the GOP’s presidential frontrunners, who want to repeal the Dodd-Frank financial reform law that was aimed at preventing another financial crisis like the one that wrecked the American economy in 2008.

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WATCH:
President's Full Speech to the
Congressional Black Caucus

" Stop Cryin'... take off your bedroom slippers...
Put on your Marching Shoes ! "

President Obama in his remarks to the attendees of the Congressional Black Caucus Foundation Phoenix Awards Dinner, said, we have to do more to put people to work right now. That starts with getting this Congress to pass the American Jobs Act. September 24, 2011.

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WATCH: President's $3T Deficit-Cut Plan

TAX THE RICH !

President Obama announces his plan for economic growth and deficit reduction to pay for the American Jobs Act and get our fiscal house in order, based on the values of shared responsibility and shared sacrifice.

WATCH: President's Budget Plan

" This is NOT class warfare...it's MATH "

B4B NOTE: The President has made it very clear what his desire and plan is regarding deficit cuts. Now it is up to the legislators....our Senators and Congresspeople to make this plan a reality. The Time is Now for all to bombard our politicians to tell them to Do The Right Thing !

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President's Plan to 'Super-Committee' Will NOT Include Changes to Social Security


Sam Stein: WASHINGTON -- Jilted by Republican leadership during the deficit-reduction talks that accompanied the debt ceiling debate, the Obama administration is now pulling back an offer to put Social Security reform on the negotiating table.

The president will not include changes to that program in the series of deficit reduction measures that he will offer to the congressional super committee next Monday, administration officials confirm.

During talks with House Speaker John Boehner (R-Ohio) this past summer, President Barack Obama had discussed changing the way that Social Security benefits were paid so that a lower level of benefits were paid over time. Boehner walked away from that deal, which was part of a much broader package, because of concern over a corresponding tax increase. Now, Obama is putting off support for that idea of changing the inflation formula of Social Security to chained consumer price index (CPI).

“The president’s recommendation for deficit reduction will not include any changes to Social Security because, as the president has consistently said, he does not believe that Social Security is a driver of our near and medium term deficits," said White House spokeswoman Amy Brundage. "He believes that both parties need to work together on a parallel track to strengthen Social Security for future generations rather than taking a piecemeal approach as part of a deficit reduction plan.”

"There will be no Social Security in the recommendations," Brundage added.

The White House's decision to take Social Security reform off the table for the time being, which was first reported by the Wall Street Journal, is largely consistent with the president's viewpoint that the program is not a contributor to the deficit and should be dealt with in separate discussions. The administration brought it in to the "grand bargain" talks with Boehner, an official relayed, because the president was a party to those talks. With respect to the super committee's negotiations, he will have no seat at the table and is merely outlining his preferences for reform.

The move also makes obvious political sense. Democrats have long worried that they would upset their base should they be seen as the ones chipping away at retirement benefits, certainly after House Republicans took heat for passing a budget that would convert Medicare into a voucher-based program.

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Read Complete Text:
PRESIDENT'S JOBS SPEECH

THE WHITE HOUSE

Office of the Press Secretary

EMBARGOED UNTIL DELIVERY

September 8, 2011

Remarks of President Barack Obama in an

Address to a Joint Session of Congress

Mr. Speaker, Mr. Vice President, Members of Congress, and fellow Americans:

Tonight we meet at an urgent time for our country. We continue to face an economic crisis that has left millions of our neighbors jobless, and a political crisis that has made things worse.

This past week, reporters have been asking “What will this speech mean for the President? What will it mean for Congress? How will it affect their polls, and the next election?”

But the millions of Americans who are watching right now: they don’t care about politics. They have real life concerns. Many have spent months looking for work. Others are doing their best just to scrape by – giving up nights out with the family to save on gas or make the mortgage; postponing retirement to send a kid to college.

These men and women grew up with faith in an America where hard work and responsibility paid off. They believed in a country where everyone gets a fair shake and does their fair share – where if you stepped up, did your job, and were loyal to your company, that loyalty would be rewarded with a decent salary and good benefits; maybe a raise once in awhile. If you did the right thing, you could make it in America.

But for decades now, Americans have watched that compact erode. They have seen the deck too often stacked against them. And they know that Washington hasn’t always put their interests first.

The people of this country work hard to meet their responsibilities. The question tonight is whether we’ll meet ours. The question is whether, in the face of an ongoing national crisis, we can stop the political circus and actually do something to help the economy; whether we can restore some of the fairness and security that has defined this nation since our beginning.

Those of us here tonight can’t solve all of our nation’s woes. Ultimately, our recovery will be driven not by Washington, but by our businesses and our workers. But we can help. We can make a difference. There are steps we can take right now to improve people’s lives.

I am sending this Congress a plan that you should pass right away. It’s called the American Jobs Act. There should be nothing controversial about this piece of legislation. Everything in here is the kind of proposal that’s been supported by both Democrats and Republicans – including many who sit here tonight. And everything in this bill will be paid for. Everything.

The purpose of the American Jobs Act is simple: to put more people back to work and more money in the pockets of those who are working. It will create more jobs for construction workers, more jobs for teachers, more jobs for veterans, and more jobs for the long-term unemployed. It will provide a tax break for companies who hire new workers, and it will cut payroll taxes in half for every working American and every small business. It will provide a jolt to an economy that has stalled, and give companies confidence that if they invest and hire, there will be customers for their products and services. You should pass this jobs plan right away.

Everyone here knows that small businesses are where most new jobs begin. And you know that while corporate profits have come roaring back, smaller companies haven’t. So for everyone who speaks so passionately about making life easier for “job creators,” this plan is for you.

Pass this jobs bill, and starting tomorrow, small businesses will get a tax cut if they hire new workers or raise workers’ wages. Pass this jobs bill, and all small business owners will also see their payroll taxes cut in half next year. If you have 50 employees making an average salary, that’s an $80,000 tax cut. And all businesses will be able to continue writing off the investments they make in 2012.

It’s not just Democrats who have supported this kind of proposal. Fifty House Republicans have proposed the same payroll tax cut that’s in this plan. You should pass it right away.

Pass this jobs bill, and we can put people to work rebuilding America. Everyone here knows that we have badly decaying roads and bridges all over this country. Our highways are clogged with traffic. Our skies are the most congested in the world.

This is inexcusable. Building a world-class transportation system is part of what made us an economic superpower. And now we’re going to sit back and watch China build newer airports and faster railroads? At a time when millions of unemployed construction workers could build them right here in America?

There are private construction companies all across America just waiting to get to work. There’s a bridge that needs repair between Ohio and Kentucky that’s on one of the busiest trucking routes in North America. A public transit project in Houston that will help clear up one of the worst areas of traffic in the country. And there are schools throughout this country that desperately need renovating. How can we expect our kids to do their best in places that are literally falling apart? This is America. Every child deserves a great school – and we can give it to them, if we act now.

The American Jobs Act will repair and modernize at least 35,000 schools. It will put people to work right now fixing roofs and windows; installing science labs and high-speed internet in classrooms all across this country. It will rehabilitate homes and businesses in communities hit hardest by foreclosures. It will jumpstart thousands of transportation projects across the country. And to make sure the money is properly spent and for good purposes, we’re building on reforms we’ve already put in place. No more earmarks. No more boondoggles. No more bridges to nowhere. We’re cutting the red tape that prevents some of these projects from getting started as quickly as possible. And we’ll set up an independent fund to attract private dollars and issue loans based on two criteria: how badly a construction project is needed and how much good it would do for the economy.

This idea came from a bill written by a Texas Republican and a Massachusetts Democrat. The idea for a big boost in construction is supported by America’s largest business organization and America’s largest labor organization. It’s the kind of proposal that’s been supported in the past by Democrats and Republicans alike. You should pass it right away.

Pass this jobs bill, and thousands of teachers in every state will go back to work. These are the men and women charged with preparing our children for a world where the competition has never been tougher. But while they’re adding teachers in places like South Korea, we’re laying them off in droves. It’s unfair to our kids. It undermines their future and ours. And it has to stop. Pass this jobs bill, and put our teachers back in the classroom where they belong.

Pass this jobs bill, and companies will get extra tax credits if they hire America’s veterans. We ask these men and women to leave their careers, leave their families, and risk their lives to fight for our country. The last thing they should have to do is fight for a job when they come home.

Pass this bill, and hundreds of thousands of disadvantaged young people will have the hope and dignity of a summer job next year. And their parents, low-income Americans who desperately want to work, will have more ladders out of poverty.

Pass this jobs bill, and companies will get a $4,000 tax credit if they hire anyone who has spent more than six months looking for a job. We have to do more to help the long-term unemployed in their search for work. This jobs plan builds on a program in Georgia that several Republican leaders have highlighted, where people who collect unemployment insurance participate in temporary work as a way to build their skills while they look for a permanent job. The plan also extends unemployment insurance for another year. If the millions of unemployed Americans stopped getting this insurance, and stopped using that money for basic necessities, it would be a devastating blow to this economy. Democrats and Republicans in this Chamber have supported unemployment insurance plenty of times in the past. At this time of prolonged hardship, you should pass it again – right away.

Pass this jobs bill, and the typical working family will get a fifteen hundred dollar tax cut next year. Fifteen hundred dollars that would have been taken out of your paycheck will go right into your pocket. This expands on the tax cut that Democrats and Republicans already passed for this year. If we allow that tax cut to expire – if we refuse to act – middle-class families will get hit with a tax increase at the worst possible time. We cannot let that happen. I know some of you have sworn oaths to never raise any taxes on anyone for as long as you live. Now is not the time to carve out an exception and raise middle-class taxes, which is why you should pass this bill right away.

This is the American Jobs Act. It will lead to new jobs for construction workers, teachers, veterans, first responders, young people and the long-term unemployed. It will provide tax credits to companies that hire new workers, tax relief for small business owners, and tax cuts for the middle-class. And here’s the other thing I want the American people to know: the American Jobs Act will not add to the deficit. It will be paid for. And here’s how:

The agreement we passed in July will cut government spending by about $1 trillion over the next ten years. It also charges this Congress to come up with an additional $1.5 trillion in savings by Christmas. Tonight, I’m asking you to increase that amount so that it covers the full cost of the American Jobs Act. And a week from Monday, I’ll be releasing a more ambitious deficit plan – a plan that will not only cover the cost of this jobs bill, but stabilize our debt in the long run.

This approach is basically the one I’ve been advocating for months. In addition to the trillion dollars of spending cuts I’ve already signed into law, it’s a balanced plan that would reduce the deficit by making additional spending cuts; by making modest adjustments to health care programs like Medicare and Medicaid; and by reforming our tax code in a way that asks the wealthiest Americans and biggest corporations to pay their fair share. What’s more, the spending cuts wouldn’t happen so abruptly that they’d be a drag on our economy, or prevent us from helping small business and middle-class families get back on their feet right away.

Now, I realize there are some in my party who don’t think we should make any changes at all to Medicare and Medicaid, and I understand their concerns. But here’s the truth. Millions of Americans rely on Medicare in their retirement. And millions more will do so in the future. They pay for this benefit during their working years. They earn it. But with an aging population and rising health care costs, we are spending too fast to sustain the program. And if we don’t gradually reform the system while protecting current beneficiaries, it won’t be there when future retirees need it. We have to reform Medicare to strengthen it.

I’m also well aware that there are many Republicans who don’t believe we should raise taxes on those who are most fortunate and can best afford it. But here is what every American knows. While most people in this country struggle to make ends meet, a few of the most affluent citizens and corporations enjoy tax breaks and loopholes that nobody else gets. Right now, Warren Buffet pays a lower tax rate than his secretary – an outrage he has asked us to fix. We need a tax code where everyone gets a fair shake, and everybody pays their fair share. And I believe the vast majority of wealthy Americans and CEOs are willing to do just that, if it helps the economy grow and gets our fiscal house in order.

I’ll also offer ideas to reform a corporate tax code that stands as a monument to special interest influence in Washington. By eliminating pages of loopholes and deductions, we can lower one of the highest corporate tax rates in the world. Our tax code shouldn’t give an advantage to companies that can afford the best-connected lobbyists. It should give an advantage to companies that invest and create jobs here in America.

So we can reduce this deficit, pay down our debt, and pay for this jobs plan in the process. But in order to do this, we have to decide what our priorities are. We have to ask ourselves, “What’s the best way to grow the economy and create jobs?”

Should we keep tax loopholes for oil companies? Or should we use that money to give small business owners a tax credit when they hire new workers? Because we can’t afford to do both. Should we keep tax breaks for millionaires and billionaires? Or should we put teachers back to work so our kids can graduate ready for college and good jobs? Right now, we can’t afford to do both.

This isn’t political grandstanding. This isn’t class warfare. This is simple math. These are real choices that we have to make. And I’m pretty sure I know what most Americans would choose. It’s not even close. And it’s time for us to do what’s right for our future.

The American Jobs Act answers the urgent need to create jobs right away. But we can’t stop there. As I’ve argued since I ran for this office, we have to look beyond the immediate crisis and start building an economy that lasts into the future – an economy that creates good, middle-class jobs that pay well and offer security. We now live in a world where technology has made it possible for companies to take their business anywhere. If we want them to start here and stay here and hire here, we have to be able to out-build, out-educate, and out-innovate every other country on Earth.

This task, of making America more competitive for the long haul, is a job for all of us. For government and for private companies. For states and for local communities – and for every American citizen. All of us will have to up our game. All of us will have to change the way we do business.

My administration can and will take some steps to improve our competitiveness on our own. For example, if you’re a small business owner who has a contract with the federal government, we’re going to make sure you get paid a lot faster than you do now. We’re also planning to cut away the red tape that prevents too many rapidly-growing start-up companies from raising capital and going public. And to help responsible homeowners, we’re going to work with Federal housing agencies to help more people refinance their mortgages at interest rates that are now near 4% -- a step that can put more than $2,000 a year in a family’s pocket, and give a lift to an economy still burdened by the drop in housing prices.

Other steps will require Congressional action. Today you passed reform that will speed up the outdated patent process, so that entrepreneurs can turn a new idea into a new business as quickly as possible. That’s the kind of action we need. Now it’s time to clear the way for a series of trade agreements that would make it easier for American companies to sell their products in Panama, Colombia, and South Korea – while also helping the workers whose jobs have been affected by global competition. If Americans can buy Kias and Hyundais, I want to see folks in South Korea driving Fords and Chevys and Chryslers. I want to see more products sold around the world stamped with three proud words: “Made in America.”

And on all of our efforts to strengthen competitiveness, we need to look for ways to work side-by-side with America’s businesses. That’s why I’ve brought together a Jobs Council of leaders from different industries who are developing a wide range of new ideas to help companies grow and create jobs.

Already, we’ve mobilized business leaders to train 10,000 American engineers a year, by providing company internships and training. Other businesses are covering tuition for workers who learn new skills at community colleges. And we’re going to make sure the next generation of manufacturing takes root not in China or Europe, but right here, in the United States of America. If we provide the right incentives and support – and if we make sure our trading partners play by the rules – we can be the ones to build everything from fuel-efficient cars to advanced biofuels to semiconductors that are sold all over the world. That’s how America can be number one again. That’s how America will be number one again.

Now, I realize that some of you have a different theory on how to grow the economy. Some of you sincerely believe that the only solution to our economic challenges is to simply cut most government spending and eliminate most government regulations.

Well, I agree that we can’t afford wasteful spending, and I will continue to work with Congress to get rid of it. And I agree that there are some rules and regulations that put an unnecessary burden on businesses at a time when they can least afford it. That’s why I ordered a review of all government regulations. So far, we’ve identified over 500 reforms, which will save billions of dollars over the next few years. We should have no more regulation than the health, safety, and security of the American people require. Every rule should meet that common sense test.

But what we can’t do – what I won’t do – is let this economic crisis be used as an excuse to wipe out the basic protections that Americans have counted on for decades. I reject the idea that we need to ask people to choose between their jobs and their safety. I reject the argument that says for the economy to grow, we have to roll back protections that ban hidden fees by credit card companies, or rules that keep our kids from being exposed to mercury, or laws that prevent the health insurance industry from shortchanging patients. I reject the idea that we have to strip away collective bargaining rights to compete in a global economy. We shouldn’t be in a race to the bottom, where we try to offer the cheapest labor and the worst pollution standards. America should be in a race to the top. And I believe that’s a race we can win.

In fact, this larger notion that the only thing we can do to restore prosperity is just dismantle government, refund everyone’s money, let everyone write their own rules, and tell everyone they’re on their own – that’s not who we are. That’s not the story of America.

Yes, we are rugged individualists. Yes, we are strong and self-reliant. And it has been the drive and initiative of our workers and entrepreneurs that has made this economy the engine and envy of the world.

But there has always been another thread running throughout our history – a belief that we are all connected; and that there are some things we can only do together, as a nation.

We all remember Abraham Lincoln as the leader who saved our Union. But in the middle of a Civil War, he was also a leader who looked to the future – a Republican president who mobilized government to build the transcontinental railroad; launch the National Academy of Sciences; and set up the first land grant colleges. And leaders of both parties have followed the example he set.

Ask yourselves – where would we be right now if the people who sat here before us decided not to build our highways and our bridges; our dams and our airports? What would this country be like if we had chosen not to spend money on public high schools, or research universities, or community colleges? Millions of returning heroes, including my grandfather, had the opportunity to go to school because of the GI Bill. Where would we be if they hadn’t had that chance?

How many jobs would it have cost us if past Congresses decided not to support the basic research that led to the Internet and the computer chip? What kind of country would this be if this Chamber had voted down Social Security or Medicare just because it violated some rigid idea about what government could or could not do? How many Americans would have suffered as a result?

No single individual built America on their own. We built it together. We have been, and always will be, one nation, under God, indivisible, with liberty and justice for all; a nation with responsibilities to ourselves and with responsibilities to one another. Members of Congress, it is time for us to meet our responsibilities.

Every proposal I’ve laid out tonight is the kind that’s been supported by Democrats and Republicans in the past. Every proposal I’ve laid out tonight will be paid for. And every proposal is designed to meet the urgent needs of our people and our communities.

I know there’s been a lot of skepticism about whether the politics of the moment will allow us to pass this jobs plan – or any jobs plan. Already, we’re seeing the same old press releases and tweets flying back and forth. Already, the media has proclaimed that it’s impossible to bridge our differences. And maybe some of you have decided that those differences are so great that we can only resolve them at the ballot box.

But know this: the next election is fourteen months away. And the people who sent us here – the people who hired us to work for them – they don’t have the luxury of waiting fourteen months. Some of them are living week to week; paycheck to paycheck; even day to day. They need help, and they need it now.

I don’t pretend that this plan will solve all our problems. It shouldn’t be, nor will it be, the last plan of action we propose. What’s guided us from the start of this crisis hasn’t been the search for a silver bullet. It’s been a commitment to stay at it – to be persistent – to keep trying every new idea that works, and listen to every good proposal, no matter which party comes up with it.

Regardless of the arguments we’ve had in the past, regardless of the arguments we’ll have in the future, this plan is the right thing to do right now. You should pass it. And I intend to take that message to every corner of this country. I also ask every American who agrees to lift your voice and tell the people who are gathered here tonight that you want action now. Tell Washington that doing nothing is not an option. Remind us that if we act as one nation, and one people, we have it within our power to meet this challenge.

President Kennedy once said, “Our problems are man-made – therefore they can be solved by man. And man can be as big as he wants.”

These are difficult years for our country. But we are Americans. We are tougher than the times that we live in, and we are bigger than our politics have been. So let’s meet the moment. Let’s get to work, and show the world once again why the United States of America remains the greatest nation on Earth. Thank you, God bless you, and may God bless the United States of America.

###

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President Creates Online

'Petition The White House' Campaign

Launches
" WE THE PEOPLE "

THE WHITE HOUSE

Office of the Press Secretary

September 1, 2011

White House Announces We the People

New Online Engagement Feature Invites Public To Petition The White House

Today, the White House announced We the People, a new online engagement feature. On this innovative WhiteHouse.gov platform, individuals will be able to create and sign petitions seeking action from the federal government on a range of issues. If a petition gathers enough signatures, White House staff will review it, ensure it is sent to the appropriate policy experts, and issue an official response.

Visitors to WhiteHouse.gov can begin submitting petitions later this month. To sign up for an alert when it launches and preview the feature, visit http://www.WhiteHouse.gov/WeThePeople.

“When I ran for this office, I pledged to make government more open and accountable to its citizens. That’s what the new We the People feature on WhiteHouse.gov is all about – giving Americans a direct line to the White House on the issues and concerns that matter most to them,” said President Obama.

To create and build support for a petition, WhiteHouse.gov visitors will simply need to create an account and gather signatures by reaching out to friends, family and coworkers. If a petition reaches a certain threshold – the initial level will be 5,000 signatures within 30 days – it will be sent to the appropriate policy makers throughout the Administration, reviewed, and an official response will be published to WhiteHouse.gov and emailed to all signers of the petition.

###

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Read:
President's Statement re: Libya

THE WHITE HOUSE

Office of the Press Secretary

August 21, 2011

Statement of President Barack Obama

Tonight, the momentum against the Qadhafi regime has reached a tipping point. Tripoli is slipping from the grasp of a tyrant. The Qadhafi regime is showing signs of collapsing. The people of Libya are showing that the universal pursuit of dignity and freedom is far stronger than the iron fist of a dictator.

The surest way for the bloodshed to end is simple: Moammar Qadhafi and his regime need to recognize that their rule has come to an end. Qadhafi needs to acknowledge the reality that he no longer controls Libya. He needs to relinquish power once and for all. Meanwhile, the United States has recognized the Transitional National Council as the legitimate governing authority in Libya. At this pivotal and historic time, the TNC should continue to demonstrate the leadership that is necessary to steer the country through a transition by respecting the rights of the people of Libya, avoiding civilian casualties, protecting the institutions of the Libyan state, and pursuing a transition to democracy that is just and inclusive for all of the people of Libya. A season of conflict must lead to one of peace.

The future of Libya is now in the hands of the Libyan people. Going forward, the United States will continue to stay in close coordination with the TNC. We will continue to insist that the basic rights of the Libyan people are respected. And we will continue to work with our allies and partners in the international community to protect the people of Libya, and to support a peaceful transition to democracy.

###

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Statement by President Obama:
Syrian President Must Step Down


THE WHITE HOUSE

Office of the Press Secretary

August 18, 2011

Statement by President Obama on the Situation in Syria

The United States has been inspired by the Syrian peoples’ pursuit of a peaceful transition to democracy. They have braved ferocious brutality at the hands of their government. They have spoken with their peaceful marches, their silent shaming of the Syrian regime, and their courageous persistence in the face of brutality – day after day, week after week. The Syrian government has responded with a sustained onslaught. I strongly condemn this brutality, including the disgraceful attacks on Syrian civilians in cities like Hama and Deir al Zour, and the arrests of opposition figures who have been denied justice and subjected to torture at the hands of the regime. These violations of the universal rights of the Syrian people have revealed to Syria, the region, and the world the Assad government’s flagrant disrespect for the dignity of the Syrian people.

The United States opposes the use of violence against peaceful protesters in Syria, and we support the universal rights of the Syrian people. We have imposed sanctions on President Assad and his government. The European Union has imposed sanctions as well. We helped lead an effort at the UN Security Council to condemn Syria’s actions. We have coordinated closely with allies and partners from the region and around the world. The Assad government has now been condemned by countries in all parts of the globe, and can look only to Iran for support for its brutal and unjust crackdown.

The future of Syria must be determined by its people, but President Bashar al-Assad is standing in their way. His calls for dialogue and reform have rung hollow while he is imprisoning, torturing, and slaughtering his own people. We have consistently said that President Assad must lead a democratic transition or get out of the way. He has not led. For the sake of the Syrian people, the time has come for President Assad to step aside.

The United States cannot and will not impose this transition upon Syria. It is up to the Syrian people to choose their own leaders, and we have heard their strong desire that there not be foreign intervention in their movement. What the United States will support is an effort to bring about a Syria that is democratic, just, and inclusive for all Syrians. We will support this outcome by pressuring President Assad to get out of the way of this transition, and standing up for the universal rights of the Syrian people along with others in the international community.

As a part of that effort, my Administration is announcing unprecedented sanctions to deepen the financial isolation of the Assad regime and further disrupt its ability to finance a campaign of violence against the Syrian people. I have signed a new Executive Order requiring the immediate freeze of all assets of the Government of Syria subject to U.S. jurisdiction and prohibiting U.S. persons from engaging in any transaction involving the Government of Syria. This E.O. also bans U.S. imports of Syrian-origin petroleum or petroleum products; prohibits U.S. persons from having any dealings in or related to Syria’s petroleum or petroleum products; and prohibits U.S. persons from operating or investing in Syria. We expect today’s actions to be amplified by others.

We recognize that it will take time for the Syrian people to achieve the justice they deserve. There will be more struggle and sacrifice. It is clear that President Assad believes that he can silence the voices of his people by resorting to the repressive tactics of the past. But he is wrong. As we have learned these last several months, sometimes the way things have been is not the way that they will be. It is time for the Syrian people to determine their own destiny, and we will continue to stand firmly on their side.

###

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WATCH:
President Slams GOP/Congress

Says: " Time For the Games to Stop...
We Are Fighting for the Future of Our Country "

WATCH: President Town Hall Meeting Cannon Falls, Minn.

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President Launches 3-Day

Economic Bus Tour

From: The White House

This morning, President Obama will visit Cannon Falls, Minnesota to kick off his economic bus tour. The President is traveling around the Midwest to stress the vital role rural America plays in ensuring the growth of our economy, the affordability of our food, the independence of our energy supply, and the strength of our communities. Cannon Falls, Minnesota, 35 miles south of Minneapolis and St. Paul, is the first stop in a three day tour across America’s heartland. President Obama will take questions from small business owners, rural organizations and local families during a town hall beginning at 1:05 pm EDT at Lower Hannah's Bend Park.

From: Althea Dixon

Blacks4Barack

White House Correspondent

Farmers, small business owners, private sector leaders, rural organizations, and government officials will join the President in a Forum on August 16^th at Northwest Iowa Community College in Peosta, Iowa to discuss ideas and initiatives that promote economic growth, and spur innovation in rural communities and small towns across the country.

The WH Rural Council Economic Growth Agricultural Innovation Jobs and Economic Security Team announced Friday that President Obama will kick-off his 3-day economic bus tour across the country with a forum in Iowa.

The primary purpose of this tour is to raise consciousness and awareness of the urgency of strengthening Rural America’s Economic Development. Listen and Learn Tours are being conducting around the nation by the White House Rural Council.

The President and White House Rural Council will lay-out the economic landscape rural Americans face today at the Forum based on the Councils report that focused on five critical areas: creating jobs and promoting economic growth, improving access to quality health care and education, fostering innovation, expanding outdoor opportunities, and supporting veterans and military families.

President Obama and his Administration are already implementing many of these programs in rural America to support economic growth.

Communities are being stimulated and growing since President Obama signed an Executive Order establishing the first White House Rural Council to focus on increasing rural access to capital, spur agricultural innovation, expand digital and physical infrastructure in rural areas, and create economic opportunities through conservation and outdoor recreation.

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The President will conclude his bus tour Wednesday with two town hall events in his home state of Illinois.

CLICK HERE for complete Economic Bus Tour schedule

and to WATCH each Townhall Meeting LIVE!

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Meet The New
" Super Committee "

CBS News: House Minority Leader Nancy Pelosi announced her appointments to the bipartisan congressional "super committee" on Thursday , tapping Democratic Reps. Chris Van Hollen (Md.), Xavier Becerra (Calif.) and James Clyburn (S.C.) to join nine other lawmakers tasked with reducing the deficit by at least $1.2 trillion by Thanksgiving.

In a tweet announcing the selection, Pelosi said the three lawmakers will "focus on economic growth & job creation--which reduces deficit."

And in a subsequent statement, she said she hoped the committee could still work toward achieving a "grand bargain."

"We must achieve a 'grand bargain' that reduces the deficit by addressing our entire budget, while strengthening Medicare, Medicaid and Social Security," she said. "Our entire Caucus will work closely with these three appointees toward this goal, which is the goal of the American people."

CBSNews.com special report: America's debt battle

Pelosi also called for the committee to work in an "open" and "transparent" environment.

"Because the work of this committee will affect all Americans, I called last week for its deliberations to be transparent; the committee should conduct its proceedings in the open," she said in her statement.

Clyburn, the third-ranking House Democrat, and Van Hollen, the ranking Democrat on the House Budget Committee and former head of the Democratic Congressional Campaign Committee, were both involved in the failed bipartisan deficit discussions led by Vice President Joe Biden earlier this year.

Becerra, vice chairman of the House Democratic Caucus, was among those who voted against the debt limit deal, arguing that the bill "does not speak to the values of America."

"It is not balanced nor does it ask for shared sacrifice," he said.

The selection of the three House Democrats rounds out the bipartisan, 12-person group. Republican leaders in the House and the Senate announced their appointees on Wednesday. Senate Majority Leader Harry Reid made his decision public on Tuesday.

House Speaker John Boehner tapped House Republican Conference Chairman Jeb Hensarling, R-Texas, to serve as co-chair of the committee. He also appointed House Ways and Means Committee Chairman Dave Camp, R-Mich., and House Energy and Commerce Committee Chairman Fred Upton, R-Mich., to the committee.

Senate Republican Leader Mitch McConnell appointed Sens. Jon Kyl (Ariz.) Pat Toomey (Pa.) and Rob Portman (Ohio). Reid named Sen. Patty Murray (Wash.) to co-chair the committee, and also appointed Sens. Max Baucus, (Mont.) and John Kerry (Mass.) to serve on it.

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TRUTH TIME !!!

Will the media EVER tell the TRUTH
that the Bush Regime KNEW the
U.S. Credit Rating would be
DOWNGRADED ?

(Greg Jones/Blacks4Barack) For years, beginning in October of 2008, when Bush was still head of The Regime, I have tried to inform of the fact that the Bush Bailouts were an attempt to prop up our financials/banks as cover for our economic Ponzi scheme in hopes of maintaining our AAA credit rating. By clicking the links below, you'll get a better idea of just how long our AAA rating has been in jeopardy. Note the dates of each article as well as making note that they are all referring to the Bush years. Also, I've included a sample comment I have posted at various sites in attempt to shed light on facts NEVER reported in our mass media. Moving ahead, as the media-aided Right Wing spin this credit downgrade as 'Obama's fault'...combined with the spin that he is the first President to have a downgrade...share these links which dispel the lies...with (unreported) Truth. Plus: BE PREPARED TO FIGHT ! The rich-supporting Right will try to use this downgrade as a reason/excuse for further spending cuts INSTEAD of the obvious need to increase taxes for The Rich.

(Comment posted on Huffington Post by Greg Jones Aug 10, 2010)

When the IMF/WBO requested to audit the U.S. economy Dubya acted offended. Finally agreed...on condition they must wait until the end of his term. Last fiscal year of his term ended exactly Sept. 30, 2008. One week prior...BR­EAKING NEWS...WE'­RE BROKE !!! (secretly says)

" Gotta keep our triple A rating ". Put some money in the banks Hank. Act like it's so they'll do loans. How much boss ? I dunno, make up a number. How's $787B. ? Sounds good. HURRY ! But gotta secretly send $ to the foreign countries/­banks who are pi*ssed they got burnt dealing with us boss. Well...hav­e OUR banks secretly send them the $. And for being silent...t­ell your boys they can pay themselves big bonuses. HURRY ! (President Obama gets keys to WH).....WH­AT ?...Our banks are THIS broke ?...OK...n­eed another bailout. What should we call it ? (Geitner) TARP !...OK...b­ut it's still not going to be enough. Gotta do something boss or we'll lose our triple A....and possibly REALLY collapse. (story goes on)

Poster comes to mind...(pi­c of Dubya) " I know I "effed" America...­but Thanks for blaming it on the Black Guy !"”
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LINKS: Re: Audit of U.S. Economy & Threat of Credit Downgrade
(during BUSH years)

http://business.theage.com.au/business/imf-finally-knocks-on-uncle-sams-door-20080629-2yui.html?page=1

http://www.spiegel.de/international/world/0,1518,562291,00.html

http://www.rense.com/general82/audit.htm

http://elizabethprata.blogspot.com/2008/06/imf-to-audit-us.html

http://www.wsws.org/articles/2008/oct2008/wall-o15.shtml

EXCERPT FROM ARTICLE IN GERMANY'S TOP NEWSPAPER CALLED
DER SPIEGEL DATED 06/26/08

" Officials with the International Monetary Fund (IMF) have informed Bernanke about a plan that would have been unheard-of in the past: a general examination of the US financial system. The IMF's board of directors has ruled that a so-called Financial Sector Assessment Program (FSAP) is to be carried out in the United States. It is nothing less than an X-ray of the entire US financial system.

As part of the assessment, the Fed, the Securities and Exchange Commission (SEC), the major investment banks, mortgage banks and hedge funds will be asked to hand over confidential documents to the IMF team. They will be required to answer the questions they are asked during interviews. Their databases will be subjected to so-called stress tests -- worst-case scenarios designed to simulate the broader effects of failures of other major financial institutions or a continuing decline of the dollar.

Under its bylaws, the IMF is charged with the supervision of the international monetary system. Roughly two-thirds of IMF members -- but never the United States -- have already endured this painful procedure.

For seven years, US President George W. Bush refused to allow the IMF to conduct its assessment. Even now, he has only given the IMF board his consent under one important condition. The review can begin in Bush's last year in office, but it may not be completed until he has left the White House. This is bad news for the Fed chairman.

When the final report on the risks of the US financial system is released in 2010 -- and it is likely to cause a stir internationally -- only one of the people in positions of responsibility today will still be in office: Ben Bernanke. " (end of article)

Knowledge is Power...
PASS IT ON !!!

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