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POPSFaith in Free-Market Capitalism Is Being Rewarded The biggest source of economic stimulus is not the $800 billion Barack Obama spending package. It's the $4.6 trillion of capital gains thrown off by the stock market over the past three quarters. This is investment money, and it also enhances consumer spending. As a result, jobs are likely to start rising early in 2010. The other source of economic stimulus is the amount of money Michael Moore invests in Dominos Pizza and Krispy Kreme, only later to bemoan those same corporations in which he owns shares. Michael Moore-on's movie in which he capitalistically makes money off of gullible liberals’ hatred of capitalism? Seriously, not only did that movie bomb, but the hippo-like hypocrite became enchanted by the ideals of socialism when he took an economics class while coked out of his mind. Using socialism to help revive a failing economy is like putting angry weasels down your pants because you need some rest.
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POPSIrish (Gaelic expressions) falbh (leave/go away) fiach! (Lo! Behold!) fòghnaidh! (That will do!) fortan leat! (Good luck!) fuirich ort! (Hang on!) fuirich ort! (Wait a minute!) gabh mo leisguel! (excuse me!) tha grain agam air (I hate him/it) greas ort! (Hurry up!) gu sealladh saelbh oirnn! (Heaven preserve us!) gu sealladh orm! (My goodness!) is duilich sin! (That's a shame!) ist! (hush) is dòcha! (Maybe!) is dòcha gun! (Perhaps!) is e sin a'cheist! (That's the question/point!) is e sin a'chùis! (That's the point!) is e do bheatha! (You're welcome!) is math sin! (Smashing!) Pog mo thoin (Pogmahone) =kiss my arse Tonlegee=censored!
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POPSPeople In “Fat Cat”-Infested Houses Shouldn’t Throw Stones By Michelle Malkin 
Immediately after the speech, he headed to a campaign fundraiser at the Manhattan headquarters of Credit Suisse, one of the major investment companies caught up in the subprime lending debacle. In March 2009, Obama assailed the corporate bonuses handed out by bailout recipient AIG"which had been approved by his own handpicked Treasury Secretary and AIG bailout architect Tim Geithner. But let’s not get distracted. Obama blamed “the system and culture that made them possible"a culture where people made enormous sums of money, taking irresponsible risks that have now put the entire economy at risk.” The irresponsible risk-takers at AIG donated $104,332 to Barack Obama in the 2008 federal election cycle. Since 2004, AIG has donated 60 percent of its $2.6 million in political donations to Democrats. Obama kept the corrupted cash. But I digress. “We don’t need these house of cards, these Ponzi schemes, even when they’re legal, where a relatively few do spectacularly well ...
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POPSE-tailers Run Scam and Blame Us for not reading their fine print. Let's see, I give you my email address and you charge my credit card a fee each month? Oh but how did you say you got my credit card info? Just talking this out loud because it's so horrific. And to think we were worried about AIG and ponzy man.
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POPSSCAM: Goldman Sachs Wins Big Through "Bailout" Game And Timothy Geithner, the U.S. treasurer, is their Insider, controlling Congress through "must pass" legislation, while eliminating their largest competitor (Lehman which apparently was NOT "too big to fail") and cleaning out their largest creditor (AIG).....and all this financed on the backs of the American taxpayer or federal debt (which the Fed and Bernanke merely print money for). Meanwhile hundreds of small banks across the U.S. are being taken over....whose assets then go guess where.....right, to the large banks. But there is more. As mentioned in the video, it's written here too: Assistant U.S. Attorney Joseph Facciponti was quoted by Bloomberg as saying of the case: The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways. The obvious implication was that Goldman has a program that allows it to manipulate markets in unfair ways.
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POPSGeithner Says Credit-Default Swaps Weren't the Problem, After All. But if Mr. Geithner now says the AIG bailout wasn't driven by a need to rescue CDS counterparties, then what was the point? Why pay Goldman and even foreign banks like Societe Generale billions of tax dollars to make them whole? Regulators say that having taxpayers buy out the counterparties improved AIG's liquidity position, but why was it important to keep AIG liquid if not to protect some class of creditors? Yesterday, Mr. Geithner introduced a new explanation, which is that AIG might not have been able to pay claims to its insurance policy holders: "AIG was providing a range of insurance products to households across the country. Yet, if there is one thing that all observers seemed to agree on last year, it was that AIG's money to pay policyholders was segregated and safe inside the regulated insurance subsidiaries. If the real systemic danger was the condition of these highly regulated subsidiaries"where there was no CDS trading"then the Beltway narrative implodes.
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POPSAnswers in Genesis Reveals the Way Hodge contines: "If we love God, we should obey Him (John 14:15). To love God first means to obey Him first--before looking at our neighbor. So, is the greater good trusting God when He says not to lie or trusting in our fallible, sinful minds about the uncertain future? Consider this carefully. In the situation of a Nazi beating on the door, we have assumed a lie would save a life, but really we don't know. So, one would be opting to lie and disobey God without the certainty of saving a life--keeping in mind that all are ultimately condemned to die physically. Besides, whether one lied or not may not have stopped the Nazi solders from searching the house anyway." I certainly wouldn't have thought of it in that way. You learn something new everyday.
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POPSCongress Must Pass Republican Leader Boehner’s Defund ACORN Act or any other form of agreement to this criminal organization. ACORN ally Representative Jerrold Nadler has lead the charge against the Defund ACORN Act. He has claimed that it is an unconstitutional *" Bill of Attainder " an argument that has been thoroughly rebutted by former FEC Commissioner Hans von Spakovsky. Nadler had no such reservations when he co-sponsered legislation to punish AIG employees who had been awarded bonuses. *A legislative act pronouncing a person guilty of a crime, usually treason, without trial and subjecting that person to capital punishment and attainder. Such acts are prohibited by the U.S. Constitution. Congress moving to cut off funds to ACORN for the next 50 days is a merely a first step. An organization with ACORN’s history of voter registration fraud, tax evasion, and criminal activity should never again be eligible to receive any federal funds. Stopping payment to this criminal enterprise is not enough.
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POPSWall Street celebrates bonuses, schools beg for supplies We see stories like “Recession Pinches Back-to-School Budgets” http://www.cbsnews.com/stories/2009/10/03/eveningnews/main5361456.shtml and “School budgets dip, class sizes grow” http://www.msnbc.msn.com/id/32156424/ns/us_news-education/ along with reports of Wall Street reaping fat bonuses after being bailed out with taxpayer dollars. Sure, the bailouts were necessary to keep the economy afloat. Or so we are led to believe. And while the wisdom of a Wall Street bailout is being debated there is no debate about whether or not our schools need more money. Should public schools needs be ranked second to Wall Street because schools don’t turn a profit? Actually, if your head is on straight, you can clearly see how schools do turn a profit, but you need to value education above making money in order to see it. If you do, here’s an online charity that connects you to classrooms in need: http://www.donorschoose.org/
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POPSThose that helped cause this mess. Once again, UK media looks further than their advertisers to explain the truth. Interesting read. But, just like our "experts", totally ignoring the millions of good paying jobs off shored for higher tax revenues from mega-corporations and cheaper socks for sheeple.
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POPSTime to get real The Right wing has always hated ACORN. Partially that's because the organization has been effective - especially when it comes to its battles for better housing and its campaigns to empower the poor the way we should do it in a democracy - registering people to vote. The Right wing hates it when poor people vote. Read more at: http://www.huffingtonpost.com/robert-creamer/time-to-get-real-about-th_b_292923.html
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POPSGovernment Owned and Operated AIG Failing Another example of what happens when government sticks its nose into private industry. FAILURE! AIG was failing before US taxpayers were forced to bail them out, and guess what they are still failing. How much more taxpayer money is going to be needed to continue to prop up this failed company? And OBAMA wants to run our health care! GET REAL!
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POPSObama Taps Bernanke (too big to fail) For Second Term Bernanke said that if confirmed again by the Senate, he will pursue a “solid foundation for growth and stability” during a second four-year term and promised to work “to restore a more stable financial and economic environment in which opportunity can again flourish.” What’s unstated, of course, is the fact that in reappointing Bernanke, Obama is once again embracing the failed policies of his predecessor in the Oval Office: In re-appointing Bernanke to another four year term as Fed chairman, President Obama completes his embrace of bailouts, easy money and deficits as the defining characteristics of his economic agenda. Bernanke, along with Secretary Geithner (then New York Fed president) were the prime movers behind the bailouts of AIG and Bear Stearns. Rather than “saving capitalism,” these bailouts only spread panic at considerable cost to the taxpayer. As evidenced in his “financial reform” proposal, Obama does not see bailouts as the problem,
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POPS"Goldman Sacks America's Taxpayers". Must-read National Post article. So true. This might be the greatest tax cheat in American history, all made legal, by their cronies in the Treasury, Fed, both Bush and Obama, and of course Congress. Banksters run the country.
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POPSTreasury, FDIC And More: How Many Lies? This usually occurs when a bidder for the failed bank is willing to pay a higher price for the entire deposit franchise. We are authorized to deviate from the "least cost" resolution only where a so-called "systemic risk" exception is made. This is an extraordinary procedure which we have never invoked. And again, any money we borrow from the Treasury Department must be repaid through industry assessments. I am confident in the strength of the FDIC's resources to make good on our sacred pledge to insured depositors. And, remember, no depositor has ever lost a penny of insured deposits, and never will. Note that bolded text. See, this is the second lie. Yes, the FDIC is required to follow the "least cost resolution" process, but what's being left out is that the FDIC (along with OTS and OCC) are also required to follow "Prompt Corrective Action" which serves as a means of preventing losses from happening in the first place. Yet the history of this crisis proves . . .
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POPSUS drones sting Bin Laden
more: America's Bee Heroes: Mission Timeline Wednesday 00:20: Special Bee Unit 2319 departs the Hidalgo Special Forces Apiary, and flies 13,000 km to the 51st AIG outside Kabul, Afghanistan. Drones are accompanied by two KC-45 tanker aircraft, filled with honey, for in-air refueling. 23:45: The bee unit touches down on the ultraviolet-coated runway of 51st AIG. Bees are escorted by armored personnel carrier to hive 51, classified operations area, for prep. Thursday 02:50: The drones are "unmanned" - military terminology for the surgical removal of their tiny bee gonads. The sex organs are replaced by sharp stingers, normally absent on male bees. The operation is carried out on by surgeons disguised as Osama Bin Laden. Bees are filled with frustration and anger at the loss of their male beehood, which will cause them to attack when they encounter the real Bin Laden. 03:55: Bees are removed from surgery and placed in small wax cells for recovery. 14:30: Drones are ta
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POPSPelosi proudly un-American
"Yesterday morning USA Today ran an Op-Ed by Nancy Pelosi and Steny Hoyer, which for ease of discussion I will attribute to Pelosi. The title is ‘Un-American’ attacks can’t derail health care debate, which frankly I find amusing since I don’t recall a debate on that or any other subject this year, actually happening on Capitol Hill. She bounces back and forth between oooohing and aaaahing about how awesome (butterflies, rainbows, unicorns, fairy dust) government takeover of your personal health care decisions would be, and berating freedom-loving Americans (bad conservatives! Flyover country! Hitler! Astroturf! Limbaugh! Goblins!) for strongly expressing their opinions to their elected representatives, and oppressively running into union thug fists with their faces. She’s right about one thing: Drowning out opposing views is simply un-American. As it happens, “drowning out opposing views” is an area of expertise for Speaker Pelosi. Special Orders after the last recorded vote of t
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POPSBernanke Defends Bail-Out Package Mistakes Should Ben Bernanke and Timothy Geitner both be called before congress to testify under oath about the huge mistakes that they made in issuing the bailout packages, and sending unaccounted money to foriegn banks last fall ?
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POPSTime for Congress to Start Issuing Subpoenas Pulling the TARP over taxpayers' eyes By: Michael Barone Last fall, former Treasury Secretary Hank Paulson told shocked Americans that the $700 billion TARP had to be passed immediately but not to worry because taxpayers would eventually make money on the investments as banks and other institutions getting bailout money paid it back. To the contrary, Barofsky said, not only are banks hoarding TARP funds, it is "very unlikely" that most of the TARP money will ever be repaid, let alone turn a profit. The hastily passed bill included minimal reporting requirements, so a third of all TARP recipients admit they used the money to repay loans, merge with other banks, and even purchase more mortgage-backed securities from Fannie Mae and Freddie Mac - the two institutions at the heart of the housing market collapse. Some companies are even using TARP to pay off other government loans in what auditors call "bailout arbitrage." And it's all perfectly legal.
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POPSStates Forced to Cut Services to the Bone: The Opportunity Cost of the Bank Bailout
These are massive numbers. But when you remember that we spent $180 billion to bail out AIG ($12.9 billion of which went straight to Goldman), you realize that that alone would be more than enough to close the 2010 budget gap in every state in the union. Toss in the $45 billion we gave to now-making-a-profit Bank of America and the $45 billion we gave to now-making-a-profit Citigroup and we are well on the way to ensuring that no state's vital service are cut through 2011. But instead that money has gone to the banks without any fundamental reform of the system, and without any strings attached about how much they had to turn around and lend to help the real economy recover. Or, indeed, without any strings attached about having to tell us what they did with our money. So all across the country the fiscal ax is falling. According to a report by the Center on Budget and Policy Priorities, at least 21 states have made cuts to public health programs, 22 states have cut programs for t
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POPSBanks go back to bubble bonuses Even more extraordinarily, the Washington Post recently revealed that the insurance giant AIG, whose collapse last autumn was one of the main moments in the financial crash, is in discussions with the US government. AIG wants to pay out $250 million in bonuses to executives in its Financial Products Department. It was this gang’s trading in credit derivatives that forced the company into bankruptcy and the arms of the government in the first place!
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POPSGoldman Sachs The Wizard of Oz and primed to spearhead an assault on the mortgage banks, bringing suits against any suspected of practicing unlawful discrimination, whether on the basis of race, gender or disability." Goldman Sachs played a major hand in these Clinton-era financial policies through Robert Rubin, former Co-Chairman of the firm, who actually announced them on December 8, 1993. Taibbi wrote in Rolling Stone: During his (Robert Rubin's) tenure at Treasury, the Clinton White House made a series of moves that would have drastic consequences for the global economy - beginning with Rubin's complete and total failure to regulate his old firm during its first mad dash for obscene short-term profits. Taibbi adds that other Goldman graduates played a major hand when the market crashed, including another Goldman-ex turned Treasury Secretary, Henry Paulson: Paulson elected to let Lehman Brothers -- one of Goldman's last real competitors -- collapse without intervention...
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POPSSSA exec's party with 750k taxpayers money SSA Says $700,000 Event Was Necessary to Reduce Stress Caused by Death Threats.......say what !!!!!!!!! I suppose the poor struggling to get by on the little they get aren't under stress though right. Fisrt AIG corporate greed and now this while economy almost same as in depression. Makes ya really want to get off the planet.
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