Obama and the Marxists are inflaming class warfare in the United States by castigating law enforcement and glamorizing those who would resist the law. This is encouraging more people to break the law, yes even to murder, in the name of justice. Obama continues to placate the Islamist terrorists. He claims Islam professes peace, so these terrorists cannot be Islamist he says even as the terrorists kill in the name of the prophet.
Not as dramatic but also very revealing are the economic policies of these Marxists who put sharing wealth above any and all sound economic policies. The best way to benefit poor, working class, middle class, upper middle class, and rich would be to have a vibrant economy. A vibrant economy comes about when government gets out of the way of business. The Marxists cannot do that, it is contrary to their DNA. So we get even more confusion.
The U.S. Federal Reserve pressed ahead at its last policy-setting meeting with plans to begin raising interest rates later this year despite an apparently vigorous debate over how to communicate its intentions.
According to minutes of the Fed's December meeting, released on Wednesday, U.S. central bankers reviewed a broad set of data showing that the economic recovery in the United States was holding its own in a world that was turning in the wrong direction — with recession threatening in Japan and Europe and a slowdown in major emerging markets.
Plummeting oil prices were pushing the United States further from the Fed's inflation target, but consumers appeared poised to spend, jobs were being created, and business investment seemed steady.
However, the head Marxist said that in order to share the wealth and create chaos, he would have a policy that is just the opposite of the Fed.
Obama is ready to announce plans to slash federal mortgage fees by just over half a percentage point in hopes of boosting the nation's lagging housing market, which has not kept pace with other economic improvements in recent years.
Obama is planning to use a speech Thursday in Phoenix to announce plans for the Federal Housing Administration to cut the mortgage guarantee fees, sources close to the White House told Bloomberg News.
Since 2011, the FHA has offset losses caused by defaulted mortgages by increasing premiums, and according to housing industry professionals, the increases, which now equal 1.35 percent of a loan's balance, are keeping many first-time home buyers from obtaining mortgages. Before the increases, the annual rate was at .55 percent, reports Bloomberg.
The policies of the Fed will increase the interest rate on the mortgage and the cut in fees is supposed to encourage borrowers. Thus, we just have more confusion and chaos.