Toxic Asset Scam. Bailed out banks will be allowed to bid on toxic assets sold by other bailed out banks. It’s The Sting III.
www.thepoliticalclass.com Toxic Asset Scam. Bailed out banks will be allowed to bid on toxic assets sold by other bailed out banks. It’s The Sting III. No really – we can file this one under the category of even Hollywood can’t make this stuff up. In The Sting part III we find Barry Obama Gondorff, brother of Henry and Fargo, setting up the taxpayers for the | Read More »
Geithner may fire bank executives if their banks need more help while Obama is refusing repayments of TARP Funds? Something stinks in Denmark.
www.thepoliticalclass.com Geithner may fire bank executives if their banks need more help while Obama is refusing repayments of TARP Funds? Something stinks in Denmark. A new twist in the story of Obama, Geithner and the U.S. banking system appears before us as Obama tours Europe. Bloomberg reports that Geithner may start kicking out executives at banks that need “exceptional” aid. Full story from Bloomberg here. | Read More »
Obama wants to CONTROL the banks – politically
Obama Wants to Control the Banks There’s a reason he refuses to accept repayment of TARP money. I must be naive. I really thought the administration would welcome the return of bank bailout money. Some $340 million in TARP cash flowed back this week from four small banks in Louisiana, New York, Indiana and California. This isn’t much when we routinely talk in trillions, but | Read More »
Mr. Williams, the White House is on the line.
The following conversation was NOT recorded. “Roy? Roy! I know you’re busy watching film on the Spartans, but the President would like to talk to you.” “Hello, Mr. President. It’s an honor to speak with you. How are things in Turkey?” “heheh. You prefer kobe steak. Yes sir, that’s a good one. I’m sorry to be short, Mr. President, but it’s a busy day for me. Did | Read More »
The road to 4 million (March jobs report)
Jobs gained / (lost) in February 2009 per the US Dept of Labor : (651,000) Jobs gained / (lost) in March 2009 per the US Dept of Labor : (663,000) Number of jobs promised by the Obama administration : 4,000,000 Number of jobs remaining to hit goal : 5,314,000 Perhaps, there are not enough of those “shovel-ready” jobs that the stimulus was supposed to produce. Notes: | Read More »
Cuts? What Budget Cuts? He Never Promised Cuts!
The following is a transcript from the 3rd Presidential Debate (10-15-08) between McCain and Obama on the topic of budgets. It is especially relevant now. SCHIEFFER: All right. Let’s go to another topic. It’s related. So if you have other things you want to say, you can get back to that. This question goes to you first, Senator Obama. We found out yesterday that this | Read More »
Exploring Obama’s College Plan
One of President Obama’s big plans is to Federally fund college in a way that will allow all Americans to attend, with the hope of obtaining a Bachelor’s Degree. Beyond the unsustainable economic situation that would create, and the problems it causes with regard to freedom in the country, it raises another question; one of intention. What is the purpose for such a proposal? First we should ask what the purpose of a Bachelor’s Degree is.
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Stop passing the taxpayer’s buck
It seems we can’t turn on the television without seeing the bankers and politicians responsible for this economic crisis passing the blame. Harry Truman used to say, “The buck stops here.” Today, politicians pass the buck. And the bucks. A lot of bucks. And they’re taking the bucks they pass from us. Despite their failures, the politicians in Washington, DC seem to think they have | Read More »
Tea Party map! Order TEA for Tax Day protest! Wear “Tea” stickers
www.thepoliticalclass.com Two items for everyone: 1. Everyone should order TEA for lunch on APRIL 15th. Make every restaurant run out and tell them why. I know some people can’t make one of the Tea Parties. BUT you can order tea for lunch. Or wear a tea bag as a lapel pin. Our congressional reps should print out some “tea” stickers that you can wear on | Read More »
Czech Prime Minister – Obama’s plan is ‘road to hell’
Another Czech leader, along with Czech President Vaclav Klaus, knows what 47 million American voters already knew, Obama is an economic illiterate, Marxist, and his policies are a one way, non-refundable, ticket to hell. From Guardian dot co dot uk: The scale of transatlantic friction over a concerted plan for global economic recovery was exposed today when the current European Union president branded Barack Obama | Read More »
Tim Geithner’s Excellent Ponzi Scheme
As our Prompter in Chief loves to say, “Let me be clear!” This proposal to buy toxic assets by Treasury Secretary Geithner is nothing more than a huge Ponzi scheme! The banks will now be able to use our taxpayer money via the TARP funds to invest a fractional amount into the very assets that caused the taxpayers to give the banks TARP money in | Read More »
Barney Frank’s bill will control salaries of ALL employees of EVERY company that took bailout money.
www.thepoliticalclass.com Barney Frank’s bill will control salaries of ALL employees of EVERY company that took bailout money. Barney Frank has quietly introduced a bill that will control the salaries of every employee of companies that took government bailout money. The DC Examiner reports here. Who would have guessed that was coming? Wait – we did here and here. in a little-noticed move, the House Financial | Read More »
This May Be Crumbling Faster Than We Expected….
A couple weeks back, your humble correspondent was on a conference call organized by Rep. Kevin McCarthy (R-CA). One of his guests that day was Rep. Mark Kirk (R-IL). The most fascinating part of the discussion was Rep. Kirk’s description of his visit to the Bureau of the Public Debt to watch a debt auction…. and his discussion with folks there about the implications that | Read More »
Which are Reliable Indicators of a Strong National Economy?
One of the fun things about living in an Information Age is that we not only have near-instant access to financial data, but also a multitude of data sources to look at. It seems there’s a new report every day with updated economic news and forecasts. There’s a theory about the “wisdom of crowds” that says if enough people vote on a given topic, regardless | Read More »