President Obama and his administration are wrong about many issues....so very wrong.

His woodenheaded continuation of US military involvement in the Afghanistan conflict is myopic and damaging, as the increasing number of deaths among Afghan civilians and US troops shows.

And as April 15 is almost here, guess where more than half of your taxes go?

Dave Lindorff writes at Public Record writes:  ".... the military share of the budget works out to about $1.6 trillion.

"Military spending in all its myriad forms works out to represent 53.3 percent of total US federal spending.

"It’s also a budget that is rising at a faster pace than any other part of the budget (with the possible exception of bailing out crooked Wall Street financial firms and their managers). For the past decade, and continuing under the present administration, military budgets have been rising at a nine percent annual clip, making health care inflation look tiny by comparison.

"US military spending isn’t just half of the US budget. It is also half of the entire global spending on war and weaponry....

"For the average American, what all this means is that of every dollar you send to the IRS, 53 cents will be going to pay for blowing stuff up, fattening the wallets of colonels, admirals and generals, bloating the portfolios of investors in military industries, and of course funding bonuses paid to executives of those companies, and the campaign chests and expense accounts of members of Congress who vote for these outlandish budgets.

"Next time you hear that the government needs to cut funds for providing medical care to the children of laid-off workers, or that supplemental unemployment funds are running out, next time you hear that federal funds that are needed to fund extra teachers at your school are being cut, or that Social Security benefits need to be cut back, or the retirement age needs to be increased to 70, next time you hear that your local post office has to be shut down for lack of funds, next time you hear that Medicare benefits need to be reduced, think about that 53 percent of your tax payment that’s going to finance the most enormous war machine the world has ever known."

Meanwhile, the Obama administration and the elected denizens of Capitol Hill want to pass a weak financial "reform" bill with oversight in the hands of those at the Fed and/or the Treasury who, either by their incompetence or being complicit, ignored the warning signs of the recent financial disaster.

And President Obama re-nominated Bernanke and keeps Geithner on board, so what does that say about him?

As Jonathan Tasini writes at Working Life: "A month ago, I called for the indictment of Lehman Brothers executives--as well as an investigation of the role played by then-NY Federal Reserve head Tim Geithner--for the "materially misleading" actions (that is accounting-speak for scams) that those execs undertook to cover up their financial misdeeds that sent Lehman over the edge--and helped drag the rest of the economy with it. Today, there is more reason to look at the illegality undertaken on Wall Street--and a greater urgency for the creation of a strong, independent Consumer Financial Protection Agency.

"Lehman executives deliberately hid investments. There is no other way to explain these actions other than a plan to deceive regulators and the public.

"...the current regulators--whether at the Federal Reserve Board or SEC--are not capable of providing serious oversight. It is, as i have argued for some months, inconceivable that we hand additional power to prevent future collapses to the Federal Reserve Board--which has proven entirely incapable of protecting consumers from the Lehman et al type of scams. The mentality and culture of the Fed is to close to the very outlook espoused by Wall Street and financial services industry leaders: we know best and let the market decide.

"It is precisely that kind of mentality that caused millions of people to lose their life savings and millions of people to lose their jobs."

This is not change.