Showing posts with label paulson. Show all posts

Friday, March 27, 2009

Bonehead Boehner Provides Republican "Budget"

The GOP confirmed its status as the Party that's Got 0 Plans when the Emperor of Evil, Congressman John Boehner held a skinny blue folder in his hand and presented the "blueprint" for America. Just one problem. It's the first budget in recent memory that has NO NUMBERS. Brilliant!

At a news conference unveiling the plan, House Minority Leader John A. Boehner was peppered with questions about why he was offering only what he called a “blueprint” and not specific details. In fact, there were few specific numbers or line items — mostly just broad outlines.

“This is a blueprint,” Boehner responded, noting that House Republicans will bring their specific budget figures to the floor next week. “Wait till next week.”

House Republicans said their plan would have less spending than the whopping $3.6 trillion plan proposed by the Obama White House, which Rep. Paul Ryan, the lead House Republican on the budget committee, called “so reckless that it must be opposed.” “This administration has offered the most fiscally irresponsible budget in American history,” said GOP Conference Chairman Mike Pence.

The Republican Party is in the midst of a complete breakdown. They lack direction, focus, and most important, leaders. Here is Boehner's remarkable presentation:

Wednesday, March 25, 2009

The Truth About the SubPrime Mortgage Scandal

It's one of the most amazing displays of journalistic incompetence and malpractice in recent memory. The US news media failed to draw the obvious connection between the bizarre federal law enforcement investigation and leak campaign about the private life of New York Governor Spitzer, and Spitzer's all out attack on the Bush administration for its collusion with predatory lenders.

While the international credit system grinds to a halt because of a superabundance of bad mortgage loans made in the US, the news media failed to cover the details of Spitzer's public charges against the White House. Yet when salacious details were leaked about alleged details of Spitzer's private life, they took that information and made it the front page news for days.

To the 9/11 fiasco, the Iraq War, the travesty of the federal response to Hurricane Katrina, and the shredding of the US Constitution, we can now add a deliberate and reckless undermining of the credit and banking system of the US to the list of Bush administration "accomplishments." No external enemy, or group of external enemies, could have done as much harm to the nation as this group has in less than eight years.

Do you think it's a coincidence that a Bush was involved the last time the US banking industry fell into a black hole because of White House-facilitated fraud? There's actually a lot of money to be made blowing up banks. Here's how Bush Sr. and his friends in the Mafia and CIA profited from it the last time:

Bush, the Mafia, the CIA and the Savings and Loan Scandal

PART 2

The Bush administration actively interfered with states that attempted to enforce their own state lending laws. Bush & Co. used the Office of the Controller of the Currency to sue states like New York to stop them from going after predatory lenders. Bush Jr. is not the first Bush to get "hands on" involved in shaping the lending industry to his will. Many know that one of this brothers, Neil, was part of a spectacular Savings & Loan failure in the 1980s.

What far fewer people are aware of is how deeply the CIA, organized crime and, George Bush Sr. were involved in the Savings & Loan disaster which caused US taxpayers and estimated trillion dollars plus. The term of art for these kinds of operations is a "bust out." The scam works as follows: an organized crime group takes over a business, borrows as much as it can in the business' name, fails to pay vendors and then disappears with all the cash.

The Bush family and its associates in organized crime and the CIA figured out how to run this scam on a multi-hundred billion dollar level using the entire US banking system as its playground. When you consider that Reagan was probably out of it from Day One of his term and that Bill Clinton is a close associate of George Bush Sr., the Bush crime syndicate has been influencing when not outright running the executive branch continuously since 1980, which, perhaps not so coincidentally, marks the earliest days of the credit bubble the economy is now having serious trouble digesting.

. . . and the Republicans are trying to blame Obama!

Friday, March 13, 2009

Media and GOP Team Up to Con the Public

CRY ME A RIVER

This is ridiculous. The media has been obsessing about President Obama's plan to roll back the Bush tax cuts for the wealthiest Americans—from 35% to 39.6%—even suggesting that makes him a SOCIALIST.

But do you know what tax rate the wealthiest Americans paid on the top portion of their earnings at the end of Ronald Reagan's first term? 50%.

Under Richard Nixon? 70%. Under Dwight Eisenhower? 91%!

Shocking, right?

And for all the whining about rolling back Bush's irresponsible tax cuts, the truth is that Obama's plan cuts taxes for 95% of working Americans who are struggling to make ends meet. Further, it closes huge tax loopholes for oil companies, hedge funds and corporations that ship jobs overseas so that we can invest in the priorities that will get our economy back on track.

Set the Record Straight

Republicans are distorting the facts, and we need to set the record straight: Obama's budget asks far less of the rich than President Reagan or Nixon did.

Pass this chart on to your friends, so everyone knows the facts.

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Saturday, February 7, 2009

Why General Motors Deserves NOTHING

The EV1 - Shredded by General Motors

PLANNED BAILOUT: $10.4 billion in loans to General Motors Corp (GM.N), including $1 billion for GM to help its financing affiliate GMAC reorganize as a bank holding company; a $5 billion direct investment in GMAC; and GM could also qualify for a further loan of $4 billion in March. Att: President Obama. They don't deserve it. They are responsible for many of the problems facing the American transportation industry. Here is the evidence:

The US used to have a well developed electric street car system. What happened to these street car lines which could be found in every city from Boston to Los Angeles? General Motors & friends bought them up and destroyed them. THIS IS Not a conspiracy theory. It is a Historical fact, affirmed in court.

You know, maybe it wouldn't be such a bad idea if General Motors did go out of business. What has the destruction of the nation's street car system cost the country? A trillion dollars? Ten trillion dollars? You'd have to add up all the oil consumed that didn't have to be, all the environmental diseases that didn't need to happen, and all the economic constraints on poor and low income people that didn't need to be. Then there are the quality of life issues which are incalculable. Go to super-prosperous cities like Basel and Zurich in Switzerland and you'll see they excellent street car systems - just like we used to have in the US.

That's not all! What if a battery existed that allowed you to drive your car for 300 miles on a single charge? That would easily take care of most people's daily commuting needs. Unfortunately, we're years away from having a battery like this right? Batteries just aren't good enough to power cars and free households from dependence on oil companies and electrical utilities, right? Wrong. It exists, or rather it existed. The battery problem has been largely solved and not just in theory, but in production. Then GM bought its way in as a condition for using the battery in its cars. Then it sold its share in the company to Chevron. And now the battery is gone.

GENERAL MOTORS SHREDS ITS ELECTRIC CARS

. . . and they didn't stop there.

END HEMP PROHIBITION NOW

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