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POPS Uncle Sam’s Collections Continue Their Steep Drop It is ironic to say the least that Congress and the Obama administration are glorifying the idea of a “public option” that would ultimately lead to government-run health care while Treasury receipts continue to shrink. If the private health insurance market disappears, so will its taxes. To name just one example, Aetna’s recorded income tax expense on its financial statements for 2005-2008 (including state and local taxes) averaged roughly $900 million per year. Put the company’s health insurance segment out of business, and a large portion of those taxes would stop coming in, digging the country’s and various states’ debt holes that much deeper. The establishment press has paid very little attention to fiscal 2009’s drop of 19.5% in receipts from economic activity, so I expect similar treatment of October’s continuation of the trend. It would appear that they don’t want any unsettling news getting in the way of the statist agenda.
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POPSGoldman Sachs Banksters Knew and Bet on Meltdown Filthy lucre on the backs of investors and then got Bailout money from taxpayers too, with the help of their "insider" (and Treasury Secretary) Timothy Geithner. (It helps to have pals in high places.--see Goldman-Geithner connections )
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POPSGoldman Can Spare You a Dime In particular, the tone-deaf Treasury secretary, Timothy Geithner, never ceases to amaze. His daily calendars reveal that most of his contacts with the financial sector in the first seven months of 2009 were limited to the trinity of Goldman Sachs, Citigroup and JPMorgan. And last week Bloomberg News reported that his inner circle of “counselors” " key advisers who, conveniently enough, do not require Senate confirmation " are largely drawn from the same club. It’s hard to see how any public official can challenge a culture that he is marinating in, night and day.
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POPSObama under fire over falling dollar This is all tied up with our economic crisis & exacerbated by the Stimulus stupidity, the Clunkers joke, the Health Care proposals. It is the height of national treason to have the world own us.
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POPSGeithner says Americans will have to save more What is this man talking about? Exactly which sector of Americans is he insisting they save more? Why do I want to change the "global economy"? If Washington would leave the "private sector" alone, couldn't it grow more? Why doesn't Washington take this man's advice and "Save More!!"?? Oh...and get your behind home and do some work for the US.
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POPSOut: Commie Truther Green Jobs Czar. In: Union Hack “Manufacturing” Czar Bloom will continue to double-dip the government coffers as the Treasury Secretary’s car czar " oh, excuse me, “senior auto adviser.” Like so many of the Czars of the Obama Underworld, Bloom will serve in a completely superfluous position. Why does America need a “manufacturing” czar? Doesn’t the Department of Labor cover that jurisdiction already? No, Bloom has no actual, specialized experience in manufacturing. He does have a long track record of union hatchet jobs, though/ J.P. Freire and David Freddoso at the Examiner Commenter Gabriel Sutherland at Tom Maguire’s Just One Minute Read More >>> http://michellemalkin.com/
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POPSLast Safe Haven for Savings Threatened!
Manny Levine, CEO and founder of "Snooze, Inc", the nation's largest mattress manufacturing company, said the move was "nothing more than a power play by the current administration to get in bed with our customers and control how they handle their money!" White House Spokesman Robert Gibbs said the move was an emergency measure to combat "hoarding" on behalf of American Taxpayers, "who are not doing their part to bring back the sagging economy!" Gibbs said people, as well as corporations, were holding on to a large portion of recent stimulus checks, and not putting the handouts back into the economy. "The only people spending money," he said forcefully, " is the government! This is un american, and detrimental to this administration's long term goal of control and reshaping of the economy and our economic system." Bennie Emanuel, one of the 5 Emanuel brothers advising Obama said," our radical changeover of the American Way will fail unless every single taxpayer goes broke! Onl
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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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POPSSunday Talk Muddles Obama's Message Treasury Secretary Timothy F. Geithner and chief economic adviser Lawrence H. Summers managed to convey that the president was not ruling out a middle-class tax increase. That evidently was not what the White House had in mind. On Monday, White House spokesman Robert Gibbs bluntly fielded reporters' repeated questions about the tax remarks. "Let me be precise," Mr. Gibbs said. "The president's clear commitment is not to raise taxes on those making less than $250,000 a year." Last Sunday, Health and Human Services Secretary Kathleen Sebelius told CNN that a government-run alternative to private health insurance was "not the essential element" of the administration's health care plan. The president's liberal Democratic allies perceived her comments as a clear sign that the White House was preparing to concede defeat on a crucial part of his plan. Not so, Mr. Gibbs said the next day, blaming the confusion on the media. He argued that a taxpayer-funded public health plan . . .
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POPSDEBTOR NATION: Geithner Tells Congress to Increase the Debt--Again! Geithner fronts from within the Treasury for the Fed banksters, who tell Congress, what to do. (Remember Geithner was the head of the New York Federal Reserve Bank before Treasury Secretary): "Congress has never failed to raise the debt limit when necessary," Mr. Geithner said. CONSIDER: If you are a debtor, you owe someone, and are under obligation to them. Now ask the question--"who is the U.S. government in debt to?" And there you will find, by logical consequence, the Masters of the government, to whom they must bow. This is non-partisan issue. Republicans in particular should see on the graph what Bush did , largely due to the "war on terrorism", which Obama continues, but now adding socialist government spending too.
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POPSThe Unbelievable connection and nepotism of Obama and Geithner The message the left holds onto is that Obama i an intellectual who worked his way up from poverty to become the leader of the free world. As If, any of that came without peoples hands on the yellow brick road that Obama skipped his way into the whitehouse on. Turn on the lights. watch the cockroaches scramble.
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POPSHow to hold a peaceful protest: Codepink style A picture is worth a thousand words........it's captioned and explanatory. these people are approaching a government official (Timothy F. Geithner) in a threatening manner, and we certainly don't know anything about Code pink, do we?
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POPSEconomic signs: Washington may have gotten it right "evidence is now pointing pretty strongly in one direction: history books may conclude that the financial crisis of 2008 turned out to be far less bad than it could have been and that Washington deserved much of the credit"
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POPSLawsuit to Obtain Treasury's Documents on Bailout of Freddie & Fannie Treasury Department officials requested a 10-day extension to conduct a document review. However, since that time, Treasury has provided no documents and no indication when documents will be forthcoming. On his first day in office, President Obama promised that "transparency and the rule of law will be the touchstones of this presidency." The president further declared that "the Freedom of Information Act is perhaps the most powerful instrument we have for making our government honest and transparent, and of holding it accountable." Earlier this year, Judicial Watch had to sue the Obama Treasury Department in order to obtain documents regarding an historic meeting held by former Treasury Secretary Henry "Hank" Paulson with top bank executives. The documents show that Paulson and other officials, including then-NY Fed Reserve head and current Treasury Secretary Timothy Geithner forced the executives to take the government's $250 billion "investment" (and resulting control).
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POPSObama's "Read my lips. No more taxes." Then Obama's National Economic Council director Lawrence Summers likewise said when asked about the middle-class tax hike on "Meet the Press" that it was "never a good idea to absolutely rule things out, no matter what." That's because Geithner and Summers both know that Obama's health care proposal is not a stand-alone item. In addition to unfunded Social Security and Medicare entitlements, bailouts and stimulus spending have already pushed the national debt to $37,813 for every man, woman and child in America. According to the IRS, the top 5 percent - which includes households earning more than $160,041 - already pays 60 percent of all federal income taxes. Even former Clinton Treasury official Leonard Burman admitted in a New York Times oped that "this idea that everything new that government provides ought to be paid for by the top 5 percent, that's a basically unstable way of governing." White House spokesman Robert Gibbs furiously backpedaled Monday . . . . .
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POPSObama: Trilateral Commission Endgame "Is this a mere coincidence or is it a continuation of dominance over the Executive Branch since 1976? (For important background, read The Trilateral Commission: Usurping Sovereignty.) * Secretary of Treasury, Tim Geithner * Ambassador to the United Nations, Susan Rice * National Security Advisor, Gen. James L. Jones * Deputy National Security Advisor, Thomas Donilon * Chairman, Economic Recovery Committee, Paul Volker * Director of National Intelligence, Admiral Dennis C. Blair * Assistant Secretary of State, Asia & Pacific, Kurt M. Campbell * Deputy Secretary of State, James Steinberg * State Department, Special Envoy, Richard Haass * State Department, Special Envoy, Dennis Ross * State Department, Special Envoy, Richard Holbrooke There are many other incidental links to the Trilateral Commission, for instance, Secretary of State Hillary Clinton is married to Commission member William Jefferson Clinton. Geithner's i
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POPSObama officials: No guarantee taxes won't go up I will absolutely guarantee that taxes will go up, does anyone actually think Obama and Congress will stop spending? ...yes a runaway deficit they keep pushing beyond the stratosphere and can not get away with blaming on Bush...
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