Obama's Second Term

[southwind]

Never owned a business huh? That's not quite how it works. A business is not going to ramp up production or hire people in the hopes that someone will show up and buy their products. That only happens when there are enough people walking in the door to justify expansion. So until the consumers start consuming, the 'job creators" are not going to create crap.

I have advocated for a flatter tax rate for quite some time. I have also advocated for the elimination of all the tax loop holes that allow billionaires to pay a lower tax rate than I do.

I will tell you this Tree, if I were a small business owner making $250,000 a year and the "Annoited One" raised my taxes, I'd be damned if I personally took the hit !
It would be paycut's and lay-offs for my employee's......................way stimulate the economy and create jobs ,Nobama !

 

[EastCheats]

He acted like a dictator today bypassing congress yet again.

He sure ticked off our governor in Arizona. Brewer called it right, back door amnesty.

 

[SparrowHawk]

He acted like a dictator today bypassing congress yet again.

You're surprised by this? Oprah said it best when she said, "When people show you who they are, BELIEVE them"

 

[Ms Tree]

I will tell you this Tree, if I were a small business owner making $250,000 a year and the "Annoited One" raised my taxes, I'd be damned if I personally took the hit !
It would be paycut's and lay-offs for my employee's......................way stimulate the economy and create jobs ,Nobama !

You would do what ever made you money. If cutting labor ment a reduction in profit you would not do it. If you experience more demand then you increase your labor force to meat demand. More product means more money.

 

[SparrowHawk]

You would do what ever made you money. If cutting labor ment a reduction in profit you would not do it. If you experience more demand then you increase your labor force to meat demand. More product means more money.

Get over it! That's what Capitalism is. To bad we haven't had it since 1913.

Ever take notice that the last time anyone suggested doing away with the Fed it resulting in a dead President? Care to venture who that President might have been?

 

[Ms Tree]

 

[SparrowHawk]

So who was it genius? Which President signed this executive order?

Executive Order 11110

AMENDMENT OF EXECUTIVE ORDER NO. 10289 AS AMENDED, RELATING TO THE PERFORMANCE OF CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY. By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows:​

SECTION 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended - (a) By adding at the end of paragraph 1 thereof the following subparagraph (j): "(j) The authority vested in the President by paragraph (B) of section 43 of the Act of May 12, 1933, as amended (31 U.S.C. 821 (B)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denominations of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption," and (B) By revoking subparagraphs (B) and (c) of paragraph 2 thereof. SECTION 2. The amendment made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made.​

Once again, Executive Order 11110 is still valid. According to Title 3, United States Code, Section 301 dated January 26, 1998

 

[Ms Tree]

Conspiracy theory

Executive Order 11110 is quite infamous among conspiracy theorists, such as Jim Marrs, author of the 1989 book Crossfire: The Plot that Killed Kennedy,[sup][15][/sup] who speculate that there is a link between the John F. Kennedy assassination and E.O. 11110 by arguing that the Federal Reserve Board was involved in the murder to protect its power over the monetary policy of the United States.[sup][12][/sup] G. Thomas Woodward, in the Congressional Research Service's report for Congress, Money and the Federal Reserve System: Myth and Reality, writes:[sup][16][/sup]

According to author Jim Mars, Executive Order 11110 issued by President Kennedy on June 4, 1963 authorized the issuance of $4,292,893,815 in United States Notes. Mars further asserts that after President Kennedy's assassination, the order was never carried out.
The claim is not borne out by the facts. First, E.O. 11110 had nothing to do with United States Notes, and did not affect any section of law referring to them. Second, E.O. 11110 did not anywhere mention any quantity of money; wherever the $4 billion-plus figure came from, it was not E.O. 11110. Third, The President had no authority to issue such an edict. Even utilizing the provisions of the Agricultural Adjustment Act of 1933, the most the President could issue without statutory authorization was $3 billion.
...
The reason for the move was that the President had just signed legislation repealing the Silver Purchase Act. With this repeal, the Treasury Secretary could no longer control the issue of Silver Certificates on his own authority. However, the issuance of certificates could be controlled under the President's authority. Hence, for administrative convenience, President Kennedy issued Executive Order 11110.
Ironically, the purpose of the order and the legislation was to decrease the circulation of Silver Certificates, with Federal Reserve Notes taking their place.
...
To conserve on the silver needs of the Treasury, President Kennedy requested legislation needed to bring the issuance of Silver Certificates to an end and to authorize the Fed to issue small denomination notes (which it could not at that time). The Fed began issuing small denomination notes almost immediately after the legislation was passed. And in October 1964, the Treasury ceased issuing Silver Certificates altogether. If anything, E.O. 11110 enhanced Federal Reserve power and did not in any way reduce it.​

See also: John F. Kennedy assassination conspiracy theories#Federal Reserve conspiracy

 

[SparrowHawk]

Who said anything about Conspiracy theories? NOT ME. I published the executive order which in theory is still in force.

 

[Ms Tree]

Who said anything about Conspiracy theories? NOT ME. I published the executive order which in theory is still in force.

Ever take notice that the last time anyone suggested doing away with the Fed it resulting in a dead President? Care to venture who that President might have been?

 

[SparrowHawk]

I mentioned that the last time a President tackled the Fed we had a dead President as the end result. Cause & effect? Who knows. I DO know that there is video of Bernanke's veiled threat to congress during one of the many hearings he testified at.

So draw your own conclusions.

 

[muff daddy]

Conspiracy theory

Executive Order 11110 is quite infamous among conspiracy theorists, such as Jim Marrs, author of the 1989 book Crossfire: The Plot that Killed Kennedy,[sup][15][/sup] who speculate that there is a link between the John F. Kennedy assassination and E.O. 11110 by arguing that the Federal Reserve Board was involved in the murder to protect its power over the monetary policy of the United States.[sup][12][/sup] G. Thomas Woodward, in the Congressional Research Service's report for Congress, Money and the Federal Reserve System: Myth and Reality, writes:[sup][16][/sup]

According to author Jim Mars, Executive Order 11110 issued by President Kennedy on June 4, 1963 authorized the issuance of $4,292,893,815 in United States Notes. Mars further asserts that after President Kennedy's assassination, the order was never carried out.
The claim is not borne out by the facts. First, E.O. 11110 had nothing to do with United States Notes, and did not affect any section of law referring to them. Second, E.O. 11110 did not anywhere mention any quantity of money; wherever the $4 billion-plus figure came from, it was not E.O. 11110. Third, The President had no authority to issue such an edict. Even utilizing the provisions of the Agricultural Adjustment Act of 1933, the most the President could issue without statutory authorization was $3 billion.
...
The reason for the move was that the President had just signed legislation repealing the Silver Purchase Act. With this repeal, the Treasury Secretary could no longer control the issue of Silver Certificates on his own authority. However, the issuance of certificates could be controlled under the President's authority. Hence, for administrative convenience, President Kennedy issued Executive Order 11110.
Ironically, the purpose of the order and the legislation was to decrease the circulation of Silver Certificates, with Federal Reserve Notes taking their place.
...
To conserve on the silver needs of the Treasury, President Kennedy requested legislation needed to bring the issuance of Silver Certificates to an end and to authorize the Fed to issue small denomination notes (which it could not at that time). The Fed began issuing small denomination notes almost immediately after the legislation was passed. And in October 1964, the Treasury ceased issuing Silver Certificates altogether. If anything, E.O. 11110 enhanced Federal Reserve power and did not in any way reduce it.​

See also: John F. Kennedy assassination conspiracy theories#Federal Reserve conspiracy

Let's return, though, to JFK's assassination and the direct results of it in regard to the Jewish lobby, American foreign policy, and the militarization of Israel. To understand how powerful the Israeli lobby is in this country, venerable Senator J. William Fulbright told CBS Face the Nation on April 15, 1973, "Israel controls the U.S. Senate. The Senate is subservient, much too much; we should be more concerned about U.S. interests rather than doing the bidding of Israel. The great majority of the Senate of the U.S. - somewhere around 80% - is completely in support of Israel; anything Israel wants; Israel gets. This has been demonstrated time and again, and this has made [foreign policy] difficult for our government."

 

[Ms Tree]

Let's return, though, to JFK's assassination and the direct results of it in regard to the Jewish lobby, American foreign policy, and the militarization of Israel. To understand how powerful the Israeli lobby is in this country, venerable Senator J. William Fulbright told CBS Face the Nation on April 15, 1973, "Israel controls the U.S. Senate. The Senate is subservient, much too much; we should be more concerned about U.S. interests rather than doing the bidding of Israel. The great majority of the Senate of the U.S. - somewhere around 80% - is completely in support of Israel; anything Israel wants; Israel gets. This has been demonstrated time and again, and this has made [foreign policy] difficult for our government."

 

[muff daddy]

Just on par with your idiotic assertion.

 

[signals]

In Obama's second term, we finally become the USSA! United Socialist States of America.

Nothing to see here...