Has Obama Ruined America? [Video]

Bill Smith, ARRA Editor: On March 19, 2009, Obama had Treasury Secretary Timothy Geithner arrange with U.S. Federal Reserve chairman Ben Bernanke for the U.S. Federal Reserve (the Fed) to"Invest" the 1 trillion dollars in buying the U.S. held mortgage debt. Where did the Fed get the $1 Trillion? They just printed it. The fed created this money out of thin air in an imitation of Germany in the 1920s and 30s. The Australian Business News said, "It's an ominous day when the world's economic superpower starts printing money to buy its own government's debt."

We have lunatics running (or worse, ruining) our economy. The following Glen Beck video describes the event and demonstrates what is a trillion dollars. You listen and then you decide! By the way, all this happened while we were focusing on the alleged outrage concerning the AIG payment of bonuses. Compared to what the Teleprompter (Obama) Administration just did to our country, the AIG bonus payments were lunch at the administration's budget office. And tonight, President Teleprompter spoke to the nation in an effort to sell us even more fluff, stuff and debt for America's future.

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Tags: Barack Obama, Ben Bernanke, buying debt, Federal Reserve, Glenn Beck, inflation, printing money, teleprompter, the economy, Timothy Geithner, US Treasury, video To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!