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Posts Tagged ‘TARP’

As summer dwindles down with the last of picnics this Labor Day weekend, unemployment numbers continue to rise.  Whatever President Barack Hussein Obama’s stimulus package was supposed to stimulate, it obviously did not occurr in the jobs sector and led us to a recession.  

The Labor Department reported that productivity grew at a 6.6% annual rate in the second quarter http://www.bls.gov/news.release/prod2.nr0.htm.  People are working hard in America as they have always done, even with the government’s debt projections well into the trillions. 

The latest means of government raising revenue to fund socialism, US congressman Peter DeFazio has introduced is HR 1068 which would tax financial transactions on Wall Street to repay TARP funds.  This Act may be cited as the `Let Wall Street Pay for Wall Street’s Bailout Act of 2009′. http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.1068.  with text in its entirety here at http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills&docid=f:h1068ih.txt.pdf.

Author Les Leopold and the AFL-CIO think this is a great idea saying, “this is the best moment since the 1930s to do something about our obscene mal-distribution of wealth and our ruinous, bloated financial sector.” http://www.huffingtonpost.com/les-leopold/labor-day-special-reward_b_277094.html 

The mal-distribution of wealth?  Whoa there Robin Hood!  It is American companies and the backbone of the American worker who supported the world economies for years.  Had bureaucrats and politicians done their job to inhibit and regulate blatant failures in the oversight of Frannie and Freddie Mac, AIG, and Madoff to name a few, the American economy would not have hit this bump on the road of democracy.  Don’t even put the blame on deregulation.  There are plenty of laws and taxes on the books that need enforcement, not layer upon layer of more regulation that allowed this scam of our tax dollars to occur. 

HR 1068 is an insult to American Capitalism. A fabulous example if you are into the whole lettering writing campaign to send to you representative against this tax can be found at http://alphaguy.blogspot.com/2009/02/my-letter-to-steny-hoyer-about-hr-1068.html.

On the one hand, the government recommends you invest on Wall Street with a 401k, IRA’s, stocks and bonds for your retirement to avoid the burdened social security program and then, wants to place an additional tax upon the transaction!  Who is the thief? 

“When an American says that he loves his country, he means not only that he loves the New England hills, the prairies glistening in the sun, the wide and rising plains, the great mountains, and the sea.  He means that he loves an inner air, an inner light in which freedom lives and in which a man can draw the breath of self-respect.” wrote, Adlai Stevenson.

Recently, President Obama was asked if he believed in American Exceptionalism.  The President of the United States of America replied: “I believe in American Exceptionalism, just as I suspect the Brits believe in British Exceptionalism and the Greeks believe in Greek Exceptionalism.”

The question wasn’t about patriotism, it was about exceptionalism!  Perhaps President Obama should have been more clear by saying something like, “In the new world order, everyone and every country will be exceptional.  My socialistic, Marxist policies will make individualism and the desire to create exceptionalism cease, along with America’s global economic, military, scientific and cultural dominance.”

“Afterburner with Bill Whittle” from Pajamas TV has created this fabulous video explaining to Bill Maher and President Obama the difference between patriotism and exceptionalism.  If you click no other videos today, make this be the one. 

http://www.pjtv.com/video/Afterburner_with_Bill_Whittle/_Bill_Maher,_Barack_Obama_and_the_Truth_About_American_Exceptionalism/2378/8861/

God Bless America this Labor Day and all the days.

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chicken_shit

What’s another $2 Billion on top of the $1 Billion for the Clunker Car Program?  I’ll tell you, it’s $3 Billion in bureaucratic chicken shit, that’s what it is. 

“The House of Representatives approves $2 billion more for the popular but financially strapped “cash for clunkers” car purchase program, heeding calls from U.S. consumers who hope to keep taking advantage of the trade-in incentives.”

Called the Car Allowance Rebate System, or CARS, the program is designed to help the economy and the environment by spurring new car sales. Car owners can receive federal subsidies of up to $4,500 for trading in their old cars for new ones that achieve significantly higher gas mileage.  House Majority Leader Steny Hoyer said the new money for the program would come from funds approved earlier in the year as part of an economic stimulus bill. http://money.aol.com/article/house-oks-2b-for-cash-for-clunkers/597445

Heeding calls from consumers?  Wake the frig up. I bet half the cars in the heap of trade ins aren’t worth that in the first place.  The banks will finance folks for the full amount of the new car until payments can’t be made and people default on the loan or lease.   If I got a check for $4500 and couldn’t make my house payment or buy food, the car payment is last on my list.

Betcha they don’t even have to be an American Made.  Oh WTF?  The government ran out of money on a clunker program the first week and people believe it can run our health care system? 

Why not just give a few billion to ACORN so they can issue bad loans that will never get paid back again either.

I for one want to see exactly how many cars were sold last week, and under which brand- compared to the previous weeks sales.

Really, why not bail out the chicken farmer or the pork farmers with all this Swine and Avian Flu?  Oh, the privileges of socialism. 

To quote Mr. Traficant, Beam me Up! 

Photo props to http://scripting.wordpress.com/2007/09/04/scripting-news-for-9407/

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chicago attack
In practicing for terror exercises over Chicago, is Falcon Virgo 09-Windy City-One, a red flag warning that there could be an immanent attack?  Could Sears Tower, now called Willis Tower as of last week, be the next catastrophic terrorist attack on U.S. Soil?  Willis Group Holdings, a London-based insurance broker is the new owner http://www.willistower.com/– will they be the  next 9/11 or the 9/11-2b?   The zip code of the Sears- er, Willis Tower is 60606- 666!  I still hear Joe Biden’s warning that in the next 6 months America and President Obama will be tested. 

 
“TYNDALL AIR FORCE BASE, Fla. – The North American Aerospace Defense Command and its geographical component, the Continental United States NORAD Region (CONR), will conduct a one-day exercise, Falcon Virgo 09-Windy City-One, July 21 in Chicago. “The exercise comprises a series of training flights held in coordination with the Federal Aviation Administration, Chicago Air Route Traffic Control Center, Chicago Terminal Radar Approach Control, the Continental U.S. NORAD Region, Customs and Border Protection and CORN’s Eastern Air Defense.” Sector” http://www.norad.mil/News/2009/072009.html
 
Since Sept. 11, 2001, NORAD fighters have responded to more than 2,100 possible air threats in the United States and have flown more than 51,000 sorties.  51,000 sorties  in 8 years?   Ummm that works out …….8 years times 52 weeks in a year equals a total of 416 weeks-  times 7 days in a week, equals 2,912 days.  Take those 51,000 sorties divided by the 2912 days and you get an average of 17.5 sorties flown every single day since 9-11.  Holy shit, batman.  Yet, we need more practice?
 
Tuning in my antennae, military exercises were operational leading up to the events of September 11, 2001.  One 9/11 Report, NORAD Exercises Hijack Summary http://www.scribd.com/doc/16411947/NORAD-Exercises-Hijack-Summary  simulated aircraft hijackings by terrorists over NYC.  HistoryCommons.org also hosts Timelines of entities and events, based on mainstream sources- the National Archives’ 9/11 Commission records are uploaded here for the Complete 9/11 Timeline http://www.scribd.com/HistoryCommons
 
The military unit most involved in the exercises leading to 9/11, Vigilant Guardian was NORAD’s Northeast Air Defense Sector (NEADS).  The imaginary scenario and exercises played out in reality days later. Labeling it a failed emergency response on the day of the attacks, is to put it mildly. 
 
“For the NEADS crew, 9/11 was not a story of four hijacked airplanes, but one of a heated chase after more than a dozen potential hijackings—some real, some phantom—that emerged from the turbulence of misinformation that spiked in the first 100 minutes of the attack and continued well into the afternoon and evening,” wrote Vanity Fair Magazine.  Asking, “How did the U.S. Air Force respond on 9/11? Could it have shot down United 93, as conspiracy theorists claim? Obtaining 30 hours of never-before-released tapes from the control room of NORAD’s Northeast head-quarters, the author reconstructs the chaotic military history of that day—and the Pentagon’s apparent attempt to cover it up.
 
Paragraph #1680, page 346
“The North American Aerospace Defense Command imagined the possible use of aircraft as weapons, too, and developed exercises to counter such a threat—from planes coming to the United States from overseas, perhaps carrying a weapon of mass destruction. None of this speculation was based on actual intelligence of such a threat. One idea, intended to test command and control plans and NORAD’s readiness, postulated a hijacked airliner coming from overseas and crashing into the Pentagon. The idea was put aside in the early planning of the exercise as too much of a distraction from the main focus (war in Korea), and as too unrealistic.As we pointed out in chapter 1, the military planners assumed that since such aircraft would be coming from overseas; they would have time to identify the target and scramble interceptors.”
http://demos.vivisimo.com/search?input-form=simple&v%3Asources=911&v%3Ap…
 
“Northeast Air Defense Sector—DAT Audio Files—11 Sep 2001.”This is not an exercise.”
 
A National Level Exercise, 2009 (NLE ’09) is scheduled July 27-31, 2009. “NLE 09 will allow terrorism prevention efforts to proceed to a logical end (successful or not), with no requirement for response or recovery activities.” http://www.fema.gov/media/fact_sheets/nle09.shtm No requirement for response ? In the event of a real attack during the NLE, we we again have menial response like on 9/11 or no response at all?  Our U.S. military and federal agencies, in cooperation with foreign troops from Australia, Canada, Mexico and the United Kingdom (Yes- foreign troops on U.S. Soil !) will be practicing for more imaginary catastrophic events concentrated around Washington, DC and FEMA Region VI, which includes the states of Arkansas, Louisiana, New Mexico, Oklahoma and Texas.
 
Rather ironic FEMA issued this press release regarding  Texas, today July 21, 2009, ” has awarded more than $20 million in hazard mitigation grants to the city of Galveston to acquire 64 homes that suffered extensive damage as a result of Hurricane Ike. One $15.3 million grant was obligated to Galveston for authorities to acquire 46 residential properties located in the 100-year floodplain. Another grant provides $5.4 million to be used for the acquisition of 18 properties in the 100-year floodplain. http://www.fema.gov/news/newsrelease.fema?id=49128  By math math, that 40 million dollars to acquire 128 houses or property–that an average of $312,000 each. Estimated median house or condo value in 2007: $119,658 http://www.city-data.com/housing/houses-Galveston-Texas.html
 
Terrorist attacks don’t just come from plane, trains, automobiles, bombs or in physicality, as The Corbett Report http://www.corbettreport.com/articles/20090717_cyber_911.htm asks, did the real cyber 9/11 attack occur on 9/11?   
 
President Bush signed the plans to invade Afghanistan on Sept. 10th, the day before 9/11 and just yesterday it was announced that another 25,000 soldiers were heading to Afghanistan- pronto.  And as Ron Paul reminded us eight years ago, “We should recognize that American tax dollars helped to create the very Taliban government that now wants to destroy us. In the late 1970s and early 80s, the CIA was very involved in the training and funding of various fundamentalist Islamic groups in Afghanistan, some of which later became today’s brutal Taliban government. In fact, the U.S. government admits to giving the groups at least 6 billion dollars in military aid and weaponry, a staggering sum that would be even larger in today’s dollars.” 
A unique timeline of more events of 9/11 and the Al Qaeda and the Taliban is here http://s3.amazonaws.com/911timeline/main/AAafghanwar.html 
 
Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program say the U.S. rescue may reach $23.7 Trillion dollars admitting offered criticism in a separate quarterly report of Treasury’s implementation of TARP, saying the department has “repeatedly failed to adopt recommendations” needed to provide transparency and fulfill the administration’s goal to implement TARP “with the highest degree of accountability.”
As a result, taxpayers don’t know how TARP recipients are using the money or the value of the investments, he said in the report. sourced at http://globaleconomicanalysis.blogspot.com/2009/07/tarp-special-investigator-says-bailout.html.  The other aberration of America’s economic woes is paying $15 million dollars for toilets on the international space station http://www.hightechscience.org/zero_gravity_toilet.htm   
 
In this era of supposed transparency, is is painfully obvious that  the 9/11 Commission omitted so many things and deceived the public.  Our government will continue to do so in the name of national security.  Printing, spending and loosing trillions and loosing more lives in terrorist attacks here or abroad is beyond absurd.  The Stenster blog claims, “The failure of the FBI to investigate our professional and proven analysis indicates that the pending 9/11-2B attack is an official conspiracy. The propagandizing by CNN and other Jewish-controlled media against U.S. militias like Ghost Troop indicates that they are a part of that conspiracy.” http://stienster.blogspot.com/
 
Pray -practice makes perfect as the NORAD Press Release says – Falcon Virgo Windy City-Two and Windy City -Three are future exercises that have yet to be scheduled. 
  
 
” In a time of deceit telling the truth is a revolutionary act.” – George Orwell

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money toilet paper

Crude Oil prices are up and the value of the U.S. dollar is down while our duly elected President Barack Hussein Obama is meddling yet again with free markets, furtherer eroding world confidence in the dollar and bringing our entire economic and political system another step toward socialism.  He is putting other nations in the position to ignore the U.S. dollar as the leader in world currency as, ” China and Russia have agreed to use each other’s currencies and eliminate the use of dollars in their trade,” according to  WWW.EVERBANK.COM blog, A Pfenning for Your Thoughts.

President Obama yesterday said…” we will dismantle the Office of Thrift Supervision and close loopholes that have allowed important institutions to cherry-pick among banking rules. We will offer only one federal banking charter, regulated by a strengthened federal supervisor. We’ll raise capital requirements for all depository institutions….” http://scoop.co.nz/stories/HL0906/S00188.htm

Noam Chomsky, http://en.wikipedia.org/wiki/Noam_Chomsky is critical of the American capitalist system and big business, he describes himself as a libertarian socialist who sympathizes with anarcho-syndicalism -a potential force for revolutionary social change.  Like, The Change You Can believe in?

Chomsky said, “I think it only makes sense to seek out and identify structures of authority, hierarchy, and domination in every aspect of life, and to challenge them; unless a justification for them can be given, they are illegitimate, and should be dismantled, to increase the scope of human freedom.” 

The pattern for the Obama manipulation banking game is disheartening to say the least.  The Federal Deposit Insurance Corporation- FDIC, Office of the Comptroller of the Currency- OCC, and OTS are all a part of the supervisory and regulatory framework of the banking industry.  Closing the Office of Thrift Supervision is more than likely going to result in the closing of more Savings and Loan Institutions through default, bankruptcy or government bailout.  There are existing laws an the books that had they been enforced, would not have allowed the “cherry picking” among banking rules and may have reduced this financial fiasco America and the world has gotten itself into. 
 
Offering further proof of another American Fiasco comes from NEW YORK (Dow Jones) via http://online.wsj.com/article/BT-CO-20090616-714654.html–The dollar declined Tuesday as major emerging market nations urged more diversity in the global currency system, another sign that big investors are growing restless with the greenback’s dominance. Brazil, Russia, India and China, collectively known as the BRIC nations, said after a meeting Tuesday that “it is very necessary to have a stable, predictable and more diversified currency system.”

Two years ago Jerome Corsi reported that the director of international economics at the Council on Foreign Relations has launched a scathing attack on sovereignty and national currencies.  Benn Steil, writing in the current (now past)  issue of CFR’s influential Foreign Affairs magazine, says “the world needs to abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn.” http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=55595  Looks like BRIC agrees.

All conspiracy aside, has the time come when are we saying goodbye to the dollar; hello to the New World Order, a One-World-Government, and loss of American dominance?

photo props to http://payday-z.com/dollar-drop-suits-stocks-well.html

Related posts

https://ahrcanum.wordpress.com/2009/06/17/bond-seizure-the-nwo-illuminati-push-for-new-currency/

https://ahrcanum.wordpress.com/2009/03/27/obamas-illuminati-ponzi-of-the-dollar/https://ahrcanum.wordpress.com/2009/04/04/new-world-order-obamas-tomorrow-land-is-today/

https://ahrcanum.wordpress.com/2009/04/24/g7-meet-to-plan-new-world-order-economics/

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BondsUS

Italy seized $135 BILLION dollars in US Federal Reserve Bonds last week.

Milan (AsiaNews) –  Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each. http://www.asianews.it/index.php?l=en&art=15456&size=A

“The bonds were described as being 249 US Federal Reserve bonds each worth $500 million, plus ten Kennedy bonds with face values of $1 billion, in addition to various other types.” http://www.timesonline.co.uk/tol/news/world/europe/article6507161.ece Italian authorities have not yet determined whether they are real or fake. 

If the bonds are not counterfeit, then how does a country misplace billions in bonds?  What country did they originate from?  I get pissed when I misplace a $20 from my wallet.  Hell, I still have my $50 dollar savings bonds from my first communion locked in the safety deposit box at the bank. 

If the bonds are real, is a country trying to unload them for some other currency;  like perhaps the Acmetal, Amero for the World Bank to prop up to replace the US dollar as the world’s leading currency?

The creation of a supranational reserve currency to be issued by international institutions like The World Bank and in part to reform the global financial system was on the agenda at the last G20 summit.  The IMF- The International Monetary Fund is looking into the possible creation of a new reserve currency, widening the list of reserve currencies or using its already existing Special Drawing Rights, or SDRs, as a super reserve currency that would be accepted by the entire world. 

Representing China, “”The crisis called again for creative reform of the existing international monetary system toward an international reserve currency,” Zhou wrote http://moneynews.newsmax.com/streettalk/currency/2009/03/24/195290.html?s=al&promo_code=7CC5-1 .  Russia too has expressed that there should be a new international reserve currency that moves away for relying on the dollar.  The United Nations at one point reiterated moving away from the dollar too, and adopting a shared basket of currencies instead.

The fear of counterfeit bonds and securities has been lurking for years making real U.S. issued securities suspicious.  Oddly enough on March 30…”the US Treasury Department announced that it had about US$ 134.5 billion left in its financial-rescue fund, the Troubled Asset Relief Program (TARP), whose purpose is to purchase assets and equity to buttress companies in trouble. The existence of such means that the Obama administration may not have to go to Congress for additional funds, something which is especially important since many lawmakers have vowed to oppose any requests for more money. reported at http://www.asianews.it/index.php?l=en&art=15505&geo=&theme=&size=A

 Japan’s Kyodo news agency has reported that the resignation of Japan’s Interior Minister Kunio Hatoyama might also be related to the Ponte Chiasso affair.  $135 Billion to Spend, $134 Billion in Bonds found?  What a coincidence!

Asia News also points out,” During the Second World War several countries at war printed and put in circulation perfectly counterfeit enemy money. It is also historically established that some central banks, like the Bank of Italy 65 years ago, issued the same securities twice (identical registered number and code). This way they could print more money with legal tender than they officially declared.”  Makes me wonder if America’s printing presses are guilty of doing the same.   

This U.S. Bond heist just brings more attention to elite economic powers and the control of currency- The Trilateral Commission, Rockefeller’s, Council on Foreign Relations, Skull and Bones, The Bilderberg Club, The Illuminati, Rand Corp., Ford Foundation,The Bank for International Settlements, BIS, etc.  

It might have been  in the name of solving a financial crisis when GWB admitted was a step away from capitalism, but it was a move toward the New World Order and perhaps an end to US sovereignty.             

InfoWars back in 2007 said, “In their important history of the EU, The Great Deception, British authors Christopher Booker and Richard North, concluded that the 27 member nations now entangled in the union have ceded their sovereignty in a carefully planned stealth operation. They grudgingly credit European globalists with accomplishing “a slow-motion coup d’etat: the most spectacular coup d’etat in history.” http://infowars.net/articles/may2007/040507EUUS.htm

“…our federal government and the American people have been sucked into the one-world take over plot of the Illuminati great conspiracy and always bear in mind, that the United Nations was created to become the housing for that one-world, so-called, liberal conspiracy says http://educate-yourself.org/nwo/illuminatiagendabestoverviewyet8jun02.shtml

” Fox News is the only “mainstream” US news outlet to be interested in the story of the $134.5 billion in (probably fake) bonds that were seized in Italy. Host Glenn Beck had us on to talk about the story, and they even got the first quote from the Treasury.”   Video here http://www.businessinsider.com/joe-on-fox-2009-6.

One thing that is apparent, billions of my tax dollars in the form of bonds- found their way to two Japanese guys on a train. 

I smell something funny, and it isn’t the smell of money.

 photo props to The Italian site  http://www.adnkronos.com/IGN/News/Cronaca/?id=3.0.3396869573

related: https://ahrcanum.wordpress.com/2009/03/27/obamas-illuminati-ponzi-of-the-dollar/

https://ahrcanum.wordpress.com/2009/04/04/new-world-order-obamas-tomorrow-land-is-today/

https://ahrcanum.wordpress.com/2009/04/24/g7-meet-to-plan-new-world-order-economics/

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The non-partisan Congressional Budget Office projects that publicly held debt will reach 56.1 percent of GDP under current law. If President Obama’s budget is implemented, CBO projects debt to reach 82.4 percent of GDP  according to http://www.heritage.org/research/features/BudgetChartBook/Obama-Budget-Increase-Debt-26-Percent-GDP.aspx 

You can keep track of our spending ways at the National Debt clock  http://www.brillig.com/debt_clock/ 

While George Bush may not be a saint, but Obama is looking more and more like a sinner- spending more than any other President in history. The National Debt was $10.6-trillion on the day Barack Obama took office, if his budget projections come to fruition, he’ll run up nearly as much government debt in four years as President Bush did in eight. 

From, A Pfennig for For your thoughts http://www.dailypfennig.com/ , “we’ll see the Budget Deficit, which is expected to be $180 Billion for the month of May… If it tallies there at $180 Billion, the Budget Deficit in the first 5 months of this year will have exceeded $650 Billion… And that’s before the $787 Stimulus gets added… And other items that will come along… And don’t forget that we posted a deficit in April!  I still believe the Budget Deficit will be at least $3 Trillion this year! That would push our National Debt to around $14 Trillion…” For a great explanation of “why do the annual federal budget deficits not match increases in the national debt,” visit http://www.independent.org/blog/?p=2355

Twice as nice for a Wednesday, both Trade Deficit and Budget Deficit will be released today. Ten Banks are going to repay their TARP (troubled assets relief program) funds, to the tune of nearly $70 billion, but that will barely put a dent in America’s economic decline, say nothing of the move toward socialized everything. 

Senators Joseph Lieberman (I-Conn.) and Lindsey Graham (R-S.C.)”vowed again Tuesday to vote against — and, if possible, filibuster — the troop-funding bill and all other legislation until they get their way,” according to http://www.huffingtonpost.com/2009/06/09/lieberman-graham-threaten_n_213262.html The hissy fit is over a photo amendment that would prevent the release of the Gitmo torture photos forever and ever.

“Transparency in government is an American value, but it is not without limits, no more than any of the values embraced in our Constitution,” Lieberman said. “The transparency in this case is needless and dangerous transparency.”

Their actions have merit.  The world does not need to see how low America stooped.  Too bad these two didn’t have the balls necessary during the campaign to warn that an Obama administration of transparency, would only come when it was convenient for Obama.  If nothing else, this Senate delay saves us a few bucks while the debate goes on.

According to CNN- President Barack Obama on Tuesday proposed making “pay-as-you-go” rules for federal spending into law.  The so-called PAYGO proposal requires Congress to balance any increased spending by equal savings elsewhere. By all accounts, added entitlement spending will be offset with spending cursor tax increases. Talk about bait and switch!

ABC points out, “discretionary spending – roughly 40% of the federal budget – is not covered by PAYGO.” The PAYGO rules will apply to new tax cuts and mandatory spending, with four major exemptions – any renewal of the 2001 and 2003 tax cuts, the continued efforts to “patch” the Alternative Minimum Tax, any effort to address physician’s payments in Medicare, and modifying the estate tax.” http://blogs.abcnews.com/politicalpunch/2009/06/president-obama-paygo-and-the-deficit-hole.html 

“”This is like quitting drinking, but making an exception for beer and hard liquor,” said Maya MacGuineas, President of the Committee for a Responsible Federal Budget (CRFB). “Exempting these measures from PAYGO would increase the ten-year deficit by over $2.5 trillion dollars. That’s not fiscal responsibility.” I’ll have a nice chardonnay please, and it better not be the frig from France.

60% of the budget is not subject to PAYGO.  Why is no one having a hissy fit over that?  While President Obama may enjoy a 60% approval rating, PAYGO and his expensive socialistic plans still don’t achieve his goals.  Bush might have spent a pretty dime, but at least is was shining in democracy. 

 debt by country
 

 

 

 

 

 

 

props to http://chalktalk-talk.blogspot.com/2009/06/worldwide-national-debt.html on the Percent of GDP.  Japan debt is equally dismal especially in light of recent military actions on the part of it’s neighbor North Korea.   Obama who continues his spiel of climate change for jobs might want to take a look at Japans which “is doing the smart thing by not meeting it’s ‘Kyoto Protocol’ targets and is only pledging to cut it’s future CO2 emissions by 8%. Via http://motorcitytimes.com/mct/japan-will-protect-its-economy-first/  Right now they need jobs and so do we.

I think I”ll have a Saki instead of that chardonnay after all.

My share of I.O.U.S.A. debt leaves little room for more than a sip out of the White House Fountain.

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200159459-001

I got my hands on the wheel….

Obama is keeping his Cadillac, but not Rick Wagner the head of General Motors.

Rick Wagoner has agreed to step down as General Motors chairman and chief executive at the behest of the White House as part of a plan to provide more aid to U.S. automakers, administration officials said today at http://www.latimes.com/business/la-fi-auto-bailout30-2009mar30,0,2247834.story?track=rss.

Cadillac has built limousines and special vehicles for U.S. presidents, diplomats, ambassadors and foreign dignitaries since the early 20th century. 

President Obama is expected to unveil plans for the American auto industry this week, including the fact that GM and Chrysler will be seeking more bailout money.  In yet another Barackstar appearance, on CBS’ “Face the Nation,” Obama said Sunday that the nation could have a “successful U.S. auto industry.”

The Presidential Task Force on the Auto Industry, headed by the Treasury Department is studying ways and means to make things more effective and avoid Chapter 11.  Members of the Force are of course,[ source http://www.whitehouse.gov/the_press_office/Geithner-Summers-Convene-Official-Designees-to-Presidential-Task-Force-on-the-Auto-Industry/]

Treasury Secretary Tim Geithner and—

  • National Economic Council Director Larry Summers
  • Secretary of Transportation
  • Secretary of Commerce
  • Secretary of Labor
  • Secretary of Energy
  • Chair of the President’s Council of Economic Advisers
  • Director of the Office of Management and Budget
  • Environmental Protection Agency Administrator
  • Director of the White House Office of Energy and Climate Change 

Senior Adviser on Auto Issues at the Treasury Department

  • Ron Bloom, Senior Advisor on the Auto Industry, Department of Treasury

Official Designees of the Members of the Presidential Task Force:

  • Diana Farrell, Deputy Director, National Economic Council
  • Gene Sperling, Counselor to the Secretary of Treasury
  • Jared Bernstein, Chief Economist to Vice President Biden
  • Edward Montgomery, Senior Advisor, Department of Labor
  • Lisa Heinzerling, Senior Climate Policy Counsel to the EPA Administrator
  • Austan Goolsbee, Staff Director and Chief Economist of the Economic Recovery Advisory Board
  • Dan Utech, Senior Advisor to the Secretary of Energy
  • Heather Zichal, Deputy Director, White House Office of Energy and Climate Change
  • Joan DeBoer, Chief of Staff, Department of Transportation
  • Rick Wade, Senior Advisor, Department of Commerce

The American taxpayer has already stepped up to provide GMAC with $5 billion of TARP so it can continue to allow GM to sell more cars at a $2,000 loss per car says http://seekingalpha.com/article/122787-as-gm-goes-so-goes-the-nation-part-2 and going on to note that GM has lost up wards of $72 Billion, with a B, dollars in the last three years.

B also stands for bribery.  Maybe Wagoner should go, but to leave at the governments request instead of a shareholder mandate is just another nail in coffin of capitalism.  We’ll give you the money honey,  but you have to do what we say.  Bribery is a kind word, I’d call it pimping, slaving or whoring under Obama’s socialism.

Generous Motors, er- General Motors… where as GM goes, so goes the nation.  The best outlook on it all so far comes in the form of a comment from http://seekingalpha.com/article/122787-as-gm-goes-so-goes-the-nation-part-2 — and I hope he/she is right in taking a different view of GM, …” expect them to return to profitability sometime in 2010, unless SAAR remains under 11M. GM spent a ton on worldwide platforms that are now the envy of the world. Their product launches over the last few years have been awesome, and into the future are just fantastic. If the economy wouldn’t have tanked, GM would already be reporting a profit. We’re earning 5% interest on our bridge loan to GM, which will, at worst, begin to be paid back in 2012, and if SAAR returns to 15B or up, much faster. The business moves that GM has made over the last five years or so have put GM in a much better competitive position. Of course, you’ll have to ask our government why they even allowed Japanese manufacturers in this country decades ago, when Japan doesn’t reciprocate, basically closing their 3 million car market to U.S. Manufacturers. Ask our government how they expected the domestic manufactures to compete with health benefits placed squarely on the companies back, while the Japanese have their benefits completely subsided by their government. It may not look like it for awhile longer, but the future is bright for GM. When America begins to buy cars again, and they will, then the GM recovery and return to profitability will shortly follow. Look for GM’s market share, relative to the market, to actually increase this year.”

Hey, my GMC truck still burns less carbons than Pelosi’s jet or Obama’s new helicopter any day.

For the record, Roger Moore can kiss the pin stripes on my American manufactured truck.

Go ahead and comment, you know you want to.

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