Imperial President’s Newest Lawbreaking: Violating Trademark Laws

With his introduction of his new (and useless) MyRA investment program, we discover that President Obama is so dismissive of following the law, he doesn’t even think that he has to abide by trademark and copyright laws.

A law abiding entrepreneur has one chore to satisfy before launching a new ad campaign, product, or offering and that is to search the trademark and copyright lists to make sure he isn’t stealing someone else’s intellectual property. But not if you’re president, apparently. No if you’re Barack Obama you can steal someone’s trademarked name with impunity.

During his low-rated, re-warmed State of the Union speech, President Obama proudly unveiled his new investment idea to the nation. He called it the “MyRA.”

“Let’s do more to help Americans save for retirement,” the President bellowed. He went on to say, “Today most workers don’t have a pension. A Social Security check often isn’t enough on its own. And while the stock market has doubled over the last five years, that doesn’t help folks who don’t have 401(k)s.”

That’s all true enough. But Obama had a “new” idea to solve these problems.

“That’s why tomorrow I will direct the Treasury to create a new way for working Americans to start their own retirement savings: MyRA. It’s a–it’s a new savings bond that encourages folks to build a nest egg.”

“MyRA guarantees a decent return with no risk of losing what you put in,” he explained.

After that he went on another attack-the-rich rant that shows he really doesn’t want people to become wealthy, but that is another story.

But, boy, this MyRa idea sure sounds great, doesn’t it? Maybe so. But it for sure sounded a bit familiar to Doug Lawson, president and CEO of Kingdom Trust.

Why did it sound familiar? Because Lawson trademarked the name MyRA four years ago when his bank introduced its own MyRA savings product.

You see, the President blundered forward appropriating the name “MyRA” without bothering to do the due diligence that all others are forced to do before starting a new campaign; searching trademarks and copyrights to make sure no theft is occurring.

Ah, but not this imperial president. He doesn’t feel any need to abide by the law.

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  • Lawrence Westlake

    Well, keep in mind the space cadets who write these nonsense speeches wouldn’t know an IRA from the Irish Republican Army, IRA. All part and parcel of the steep decline into Idiocracy. The other retarded component of this non-idea, putting aside the name snafu, is that the notion that we need Obama to ride the rescue with another savings account plan substantively is ridiculous. We already have IRAs, Roth IRAs, SEP IRAs, Simple IRAs, not even to mention ESOPs, Keoghs, etc. Obama’s policies have destroyed job creation. Without jobs the entire system fails, IRAs or MyRAs notwithstanding.

    • jim_m

      Idiot. While there is a speech writer, the speech writer does not make policy. The policy and the name MyRA were produced by obama and his advisers. Lowly speech writers are not making up policy on the fly.

      • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

        Unless of course the “lowly speech writer” was Obama ignoring the advice of his staff…

        • jim_m

          obama has made the claim that he is a better speech writer than any of his speech writers.

          “I think I’m a better speechwriter than my speechwriters,” Obama told him. “I know more about policies on any particular issue than my policy directors. And I’ll tell you right now that I’m gonna think I’m a better political director than my political director.”

          His arrogance knows no bounds. He is a pure megalomaniac and is never wrong in anything. His refusal to negotiate on any policy issues is evidence of that fact.

  • Hank_M

    Uh oh. I see a new federal investigation, IRS audit, or possible jail time for Kingdom Trust.

  • LiberalNightmare

    Is there a fundamental difference between 0bama’s “my-ira” and a real IRA account?

    This seems like another new idea aimed at stupid people.

    • warnertoddhuston

      What at this point does it matter? When no one is looking, he’ll just end up taxing it so much that it isn’t worth doing. Then he’ll call you an evil rich person for having a savings.

      • LiberalNightmare

        Thats kinda what I suspect. The left has never made a secret about wanting to tax 401k’s and IRA’s.

    • jim_m

      The difference is that obama’s scam is some sort of government bond, so the government owns your retirement investment. This is the first step to the government confiscating everyone’s retirement benefits.

      When obama uses the word “my” he means that it is his, not yours.

      • Jwb10001

        Remember what happened to all those Enron employees when they were forced to put all their 401K money in Enron stock? This likely will end up the same way. All your eggs in one basket is always a bad idea.

  • 914

    Barry stole a billion dollars from medicare to create his ponzi ObamaCares about Obama tax slush fund so why not? Build the scaffold already.. Nothing would invigorate the country like some public Saddam endings.

  • http://www.traveLightgame.com/ ljcarolyne

    Obama is above the law and the people. He can lie, cheat, steal from whatever and whomever. Obama’s THE BIG LETDOWN according to his own kind.
    This is an awesome video on youtube –
    The Big Let Down
    His own grassroots in Chicago telling Obama to just quit, step down right now. http://youtu.be/L7mYg6Gt15o
    Glad to see this, God Bless them for their stand for truth.
    This day was bound to come. . . pride goes before a fall. BTW Obama has no one to blame but himself.
    Thank God in Christ!

  • GarandFan

    “Research” isn’t a strong point with this administration. “Facts” are what they say they are.

  • Walter_Cronanty

    Since no one in the Administration has ever started-up or run a business, I doubt that anyone connected with this fiasco even thought to look up the name to see if it had been trademarked.
    Besides, with crack Attorney General Holder on the case, I’m sure Mr. Lawson will find that his trademark was issued in error, especially if he contributes to Republicans.

  • Spiderman TUba

    Kingdom Trust actually abandoned the trademark “MyRA” in 2010. They replaced it with “getMyRA.com”. So the trademark “MyRA” is actually not currently registered to Kingdom Trust.

    A 2 minute search of the U.S. Patent and Trademark Office’s website was all I did to find this out. Does anyone here ever bother to do any fact checking of their own?

  • SirWilhelm

    How much credibility does Obama now have, with all you anti-Birthers? Can you believe, now, that he has been caught in so many lies, especially his lie about keeping your health care, that he’s shown so little regard for the Constitution, and many other laws, at other levels, that he lies about where he was born, who he is, and why he keeps his passport, and college records, sealed? Or are you still denying that you could be fooled so badly? That there could be a huge conspiracy, that has foisted a massive fraud upon you, because they could trust you to be so gullible, that you would not question them, or Obama, because he would give you everything you wanted? Or, is it that you don’t really care if he’s an American or not? That you really don’t care if he’s a Marxist/Communist/Socialist/Progressive? Or a Muslim, or something other than what he says he is, and what he believes? You can still say you don’t know that’s he’s not who he says he is. That you don’t believe all the evidence that Birthers have gathered, but, if the day comes when the evidence is indisputable, even for you, will you still support him? Will you betray your country, and continue to support a foreign national occupying the White House, and commit an act of treason? Or will you, finally, want to do something about all the traitors that knowingly support the Usurper?

  • mikegiles

    Obama’s MyRA is all about you lending money to the government. Isn’t it a kind of savings bond.

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