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POPSClassic Extortion "According to Fox News judicial analyst and New Jersey Superior Court Judge Andrew P. Napolitano, banks with no financial problems were forced to sell stock to the government or face the threat of costly and harassing public audits. This happened to banks that had "no bad debt, no credit default swaps, no liquidity problems, and no subprime loans" and didn't want or need any government funds.Judge Napolitano called the government actions what they are: "classic extortion."
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POPSTop 25 Censored stories of 2008 "Project censored is one of the organizations that we should listen to, to be assured that our newspapers and our broadcast outlets are practicing thorough and ethical journalism." — Walter Cronkite last three: # # 23 Feinstein’s Conflict of Interest in Iraq # # 24 Media Misquotes Threat From Iran’s President # # 25 Who Will Profit from Native Energy?
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POPSRepublican Plan To Kill Off Government
View the chart on the right, notice in the past 30 years, how the Repubs have been pushing us down into a deep financial hole. Why? I can only come up with the conclusion that the red side of the aisle is out to kill off government, as we know it, altogether. Allowing them free reign to privatize EVERYTHING in the world which will allow their dreams of a World Global Market, in which they become the rulers of, to come true. The damn pesky Dems keep getting elected in interims and bring the NAT'L DEBT down to a manageable size. Just imagine if they had ruled straight through this 30 year period, their fantasies of total control would be actualized by now. I know this is a simple analogy of what the hell they are up to but maybe that's how they get away with what they are doing. Just act as though their plans are SO COMPLICATED, too difficult for the average American cretin to understand. Waddayathink? :mad: Lot's of info in this link: http://www.thethinkingblue.com/natldept.html
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POPSBailout Might Make Things Worse * Hundreds of leading economists, including numerous Nobel prize winners, question the bailout * Former White House economist (Steve Hanke) adamantly opposes the bailout * Nobel prize economist and former chief economist of the World Bank (Joseph Stiglitz) opposes the bailout *The former Secretary of the Treasury (Paul O'Neill) questions the bailout * A prominent economist (Nouriel Roubini) says "The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown." * A highly-regarded economist (Michael Hudson) says that the bailout is a giveaway that will cause hyperinflation and dollar collapse
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POPSThe big bailout is unlikely to work It's easy to understand why the United States is considering an apparently indiscriminate reward for those who took too much risk. The stakes are very high, and a disorderly deleveraging would be worse than an orderly one, even if the orderly one isn't perfect. The debate about whether or not the United States will need a huge intervention of public capital into its banking system and wider economy is over. The crisis requires a huge outlay of public funds, both to clean up after the many banks that will fail and to soften the blow to homeowners and consumers. Banking is a confidence game, even if done soberly and responsibly.
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POPSBarney Frank: Let’s Spend TARP Profits Before Taxpayers Can Get Them
the Emergency Economic Stabilization Act” and apply it to a trust fund that Frank has long wanted to create for low-income rental housing. (The measure, unfunded, was part of last year’s bailout of Fannie Mae and Freddie Mac.) Next, Frank would take $1.5 billion from TARP dividends for a so-called “neighborhood stabilization” fund. Republican critics have charged that both measures might allow federal dollars to be distributed to activist groups like the Association of Community Organizers for Reform Now, or ACORN. Republican Sen. Orrin Hatch recently complained that TARP funds are “now being used as a go-to solution to address all of our nation’s economic ills.” Hatch and Democratic Sen. Blanche Lincoln recently introduced a bill that would require that TARP money goes back to the Treasury for debt reduction. Spending the dividend payments now, as Frank proposes, would reduce the chance that TARP might ever be a break-even deal for the taxpayers.
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POPSLet It All Out, Sept 15tth in Washington, DC This entire article lays out some of the stark reasons for needing another massive protest. Such a protest will occur on Sept. 15th in Washington, DC. This piece offers more details. I just wanted to bring this information to your attention.
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POPSCapitalism Without Capital? Ron Paul's comment on the US's present financial situation. I just wonder how this will affect other countries around the world who were closely related to the US, such as the UK for example, and Ireland which got a boost from the US.
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POPSMost Americans expect higher taxes More than one-third of all surveyed say they expect their taxes to be "a lot higher'' despite the president's assertion that 95 percent of all Americans are getting tax relief under his economic stimulus program and health-care plans for the future. "Most Americans remain skeptical that the administration can pay for healthcare reform and its other programs without raising their taxes,'' Gallup's Jeffrey Jones reports today. Higher taxes are on the way. You can not pay for all the projects Obama is trying to implement without incurring massive debt. Simply printing more ‘useless’ money is not the answer, that will only result in the devaluation of the dollar until it becomes worthless. However do not hold your breath expecting old honest Abe (Obama) to tell you the truth - why would he start now.
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POPSDisaster in the making While the mainstream media in America will never call him on this, these repeated demonstrations of his amateurism and immaturity will not go unnoticed by this country's enemies around the world. And it is the American people who will pay the price.
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POPSObama Administration to Supremes: We are Above the Law ~ Supremes to Obama: Go Pound Sand Fortunately, the high court ruled this afternoon that the administration is full of s*** and that indeed it does have the authority to delay the Chrsyler sale. Ahead of the decision, Chrysler LLC and the federal government warned such an intervention might lead to the liquidation of the automaker. But Justice Ruth Bader Ginsburg, in a brief order, said the court will extend a temporary stay put in place by an appeals court "pending further order of the undersigned or of the court." The administration -- who always seems to be in a hurry, whether it's spending trillions of dollars on useless government pork, destroying the health care system, or simply nationalizing automakers -- argued that the delay would scuttle the deal. But dissenters were equally clear-cut on reasons to oppose the deal. The bankruptcy laws were written so that companies could dramatically overhaul themselves, becoming leaner and more efficient enterprises.
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POPSReal nature of indian budget revealed "There is no move to use valid tools like raising duties to halt a process that is literally killing Indian farmers. Import duty on cotton remains at a low 10 per cent. Indeed, the lowering of other duties in many cases will hit other sectors of Indian agriculture too. Not just cotton. If this is a pro-farmer budget, it's scary to think of what an anti-farmer one would look like. As always, the standards of judging the deal given to poor Indians differ totally from those used to measure what a `sulking India Inc.,' gets. The big boys shouldn't be too disheartened, though. Business as usual will resume after a pause for the Uttar Pradesh elections." Ridiculous attitude of the media towards the budget and the budget itself has been exposed. P. Sainath is rather insightful.
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POPSPresidential Priorities vs. Public Concerns Do we need any more proof that yesterday's big announcement by the former governor of Texas was really nothing more than a cheap political ploy to galvanize the bigots in his core constituency? If the numbers are bad, just role out t he hate. That'll cure everything.
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POPSMore "Free" Money! More economic proposals to come: Obama in his speech criticized his Republican rival, John McCain, for proposing to extend all of President Bush's 2001 and 2003 tax cuts. But Obama himself has taken a page from Bush's playbook on taxes. Obama has pledged to keep the tax cuts in place for everyone except those making roughly $250,000 and up. He has also made proposals to cut taxes further for the middle class, some of which he reiterated in his speech: exempt seniors making less than $50,000 from having to pay income tax; give a tax credit worth up to $500 per working person ($1,000 per family) to offset the Social Security tax on the first $8,100 of earnings; and expand the earned income tax credit. To boost retirement savings, he has also proposed a 50% federal match on the first $1,000 of savings for families that earn under $75,000. ****Vote 4 Me, I'll give you more free money!
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POPSPhony recession..from a blog We have the technology now, to make it unnecessary for any one who doesn't want to, to have to work. We could feed the world forever with the cost of ONE stealth bomber.. We could send every college aged student in America through college.. room and board and tuition with the cost of ONE stealth bomber. So why don't we? Big business is too busy lining their profits making stealth bombers, Abrams tanks, helicoptors, etc. We have the technology for electric cars. Nikola Tesla invented electric power that could be sent out like radio waves. Free. But big business killed that. Why? They couldn't meter it and charge for it. Make executive pay in private industry sensible and reasonable. Stop excessive and ruinous profits.. e.g., gas prices, pharmaceutical prices, real estate prices, etc. Roll back prices to 1949 levels and freeze them there. Make all wages sufficient for everyone to be able to have a nice car, a nice home, a good vacation every year. Not ju
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POPSClinton praises evangelical Christians He said evangelicals, few of whom voted for him, "were instrumental in the biggest debt relief initiative in history in my last year as president because they believed in the admonition of the Scripture to alleviate the burdens of the poor."
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POPSEver Wish Obama Was More Like Reagan?
Even Ford and Carter did a better job at cutting government. Their combined presidential terms account for an increase of 1.4%—compared with Reagan's 3%—in the government's take of "national income." And in nominal terms, there has been a 60% increase in government spending, thanks mainly to Reagan's requested budgets, which were only marginally smaller than the spending Congress voted. The budget for the Department of Education, which candidate Reagan promised to abolish along with the Department of Energy, has more than doubled to $22.7 billion, Social Security spending has risen from $179 billion in 1981 to $269 billion in 1986. The price of farm programs went from $21.4 billion in 1981 to $51.4 billion in 1987, a 140% increase. And this doesn't count the recently signed $4 billion "drought-relief" measure. Medicare spending in 1981 was $43.5 billion; in 1987 it hit $80 billion. Federal entitlements cost $197.1 billion in 1981—and $477 billion in 1987. (Written in 1988)
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POPSRESCUE GATE: A TWENTY-FOUR TRILLION DOLLAR BAILOUT
What is the Treasury Department hiding? The government’s top watchdog over the $700 billion “rescue package” says that the Treasury Department refuses to let the taxpayers know how that money has been spent. Why? Neil Barofsky is the special inspector general over the Troubled Asset Relief Program (TARP). According to The Hill, “Barofsky said that while the TARP program that Congress passed amounts to $700 billion, the total federal government support since 2007 for the economy and the financial sector could reach a far higher figure of $23.7 trillion. The government has committed significantly more money through a variety of other federal agencies and programs.” Don’t let that quote go over your heads folks. He said the bailout “could reach a far higher figure of $23.7 trillion.” What!!!!!!!!!!!! Who authorized this? The taxpayers didn’t. Congress didn’t. Who then? $23.7 trillion is twice America’s total gross domestic product and way above the $700 billion authorized.
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POPSNot charity, but justice. The UK has taken the lead in the past, but further and faster debt cancellation is urgently needed. We are calling on the Government to cancel all unpayable and unjust debts owed to it. This must include debts that arose from government-backed commercial loans, known as export credit debts. Other rich countries, companies, and institutions like the World Bank, must also pick up the pace and drop ALL the debt. Please contact your government and tell them to DROP THE DEBT! Thanks
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POPSGo Big! In short, we are pushing the rock so hard up the slope that we are oblivious to the danger that it is just about to go over the crest and cascade down the other side — in the form of roaring inflation. Here’s another modest suggestion for 2009 for all those now calling for even more trillions of government spending: When the tab comes due in the form of slow growth, steep interest rates, and high inflation — what we used to call stagflation — please do not blame others for necessary higher taxes and government cutbacks.
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POPSWhile The US Tries To Avoid Recession, Obama Has A Plan RIP more money out of OUR pockets, out of OUR country, and from OUR future generations, to GIVE IT AWAY to other countries and THEIR dictators, which is where it usually ends up anyway. Yeah, thanks so much...NOT! CALL THEM NOW! $845 billion “over and above"!!!!
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