Posts Tagged ‘crony capitalism’

Liberals: Money-Grubbing Crony-Capitalist Fascist Hypocrites. And The Morons Who Believe Their Lies.

August 27, 2014

There’s this narrative that conservatives and Republicans favor the big rich guy and the corporations and that liberals and Democrats favor the little, poor guy and the workers.

It’s a complete lie and if you believe that crap, you are stupid.

As usual, there are multiple stories to disprove this easily refutable lie.

Allow me to preface story one by pointing out that Warren Buffett is the poster-boy for rampant liberal hypocrisy.  The man is a tax-dodging advocate for Obama’s tax and spend policies.  He’s a guy who says other people ought to pay high taxes while HE DOESN’T PAY THE TAXES HE OWES, LET ALONG THE HIGHER TAXES HE SAYS HE’S WILLING TO PAY.

And Burger King is a liberal, liberal, liberal corporation:

Burger King Reveals The Gay Pride Whopper
July 2, 2014 |  Filed under: Good News,Politics,Top Stories |  Posted by: Cheston Catalano

The “Proud Whopper” to celebrate gay pride, will be in a rainbow wrap.

Burger King released a short film Wednesday on YouTube featuring patrons’ reactions when opening the new burger, offered during San Francisco’s Pride Parade Sunday, June 29. The burger appears different on the outside, but soon enough customers realize it’s the same Whopper the fast-food chain has been selling for years. Once unwrapped, the words “We are all the same inside” are revealed on the wrapper.

“I cried in there because I was overwhelmed,” one patron said in the video. “A burger has never made me cry before.”

“Have it your way” has been changed to “Be your way.”

God knows what that “patron” is talking about.  That sodomy burger makes Him cry, too.

I have never walked through the doors of a Burger Queen since, for the record.  If conservatives started to boycott liberal companies the way liberals target conservative businesses, there would be a truce right quick in the boycott industry.  But as it is, liberals are free to target any business they don’t like for doing anything they don’t like that business doing, while conservatives stand on the “principle” of allowing businesses to do what they want.  With the result being that our businesses are naked and exposed and quickly fold while the rest of the businesses realize that they had better get in bed with the rabid left because it won’t cost them anything to do so and it will cost them dearly if they don’t.

So here’s überliberal hypocrite Warren Buffett leading überliberal Burger Queen into the very sort of inversion tax dodge that liberals claim they hate:

Burger King and Warren Buffett under fire for Tim Hortons deal
By Jim Puzzanghera,  Shan Li  contact the reporters
August 26, 2014, 7:35 PM

Burger King’s $11.4-billion deal for Canadian coffee-and-doughnut chain Tim Hortons Inc. — with a new headquarters in Canada — sparked calls for a boycott and criticism of billionaire Warren Buffett, who is helping to finance the merger..

The latest in a series of corporate offshore tax-reducing moves, known as inversions, also puts the Obama administration in a difficult spot as it tries to stem the flow of U.S. companies moving to countries such as Canada with lower tax rates.

“I’ve eaten my last Whopper,” Oscar G. Echeverría of Irvine vowed Tuesday in one of dozens of negative comments about the deal on Burger King’s Facebook page.

Alejandra Aguilar, 35, of East Los Angeles said she planned to stop going to Burger King, where she eats once or twice a month.

“If that goes through, especially if it means the loss of money and jobs in the U.S., I would definitely boycott them,” said Aguilar, who works as a distributor for a beauty company. “I would, even though I love the little burgers.”

Burger King Worldwide Inc. executives said the move to create a corporate holding company in Canada was not a tax dodge. Instead, they said, it was justified because Canada would be the new company’s largest market. They noted that Burger King would remain a stand-alone brand with its headquarters still in Miami.

The outrage over another corporation moving out of the U.S. normally would fuel President Obama’s recent efforts to tighten restrictions on inversions. But the role of Obama ally Buffett, whose firm is investing $3 billion to finance the deal, muddled the message for the administration.

Buffett has been a staunch advocate of companies and citizens paying their fair share of taxes — so much so that the administration’s proposal to force millionaires to pay the same share of their income in taxes as middle-class families is known as the Buffett Rule.

But on Tuesday, Buffett was criticized as a hypocrite even though he echoed Burger King’s comments that the move was not done to avoid paying U.S. taxes.

“It has to be twisting the White House in messaging and political knots,” said Chris Krueger, a Washington policy analyst with Guggenheim Securities.

“How can you hammer a deal for tax policies when the very person your signature tax policy — the Buffett Rule — is named after is involved and argues that [the deal] is not tax-motivated?” Krueger said.

“The White House cannot paint this as a black-and-white issue, and Buffett’s involvement shows that it is more like 50 shades of gray,” he said.

Burger King’s purchase of Tim Hortons, creating the world’s third-largest fast-food company, is one of the highest-profile tax inversions so far.

In such a maneuver, which is legal, a U.S. company buys a foreign competitor in a nation with a lower corporate tax rate and shifts its headquarters to that country. As inversions have gained in popularity in recent years, the Obama administration and some congressional Democrats have been pushing for new restrictions.

[Blah, blah, blah]

Just remember that Warren Buffett is a good shameless hypocrite whore and the Koch brothers are evil and the liberal narrative will remain pristine in unicorn fairy land where every village idiot in the land chants mindless leftist slogans.

The überleftist apologist propaganda mill otherwise known as “the press” is desperately trying to equivocate this story.  After all, they tell us, Canada isn’t exactly a tax haven.  Well, here’s the thing: the US corporate tax rate is the highest in the damn WORLD.  EVERY OTHER PLACE ON EARTH is a damn tax haven compared to Obama’s Socialist States of Amerika.

Okay, next story, same day, same Los Angeles Slimes newspaper, same crony capitalist fascist liberals:

Can Supt. Deasy survive LAUSD’s iPad fiasco?
Steve Lopez
Los Angeles Times
August 26, 2014, 3:16 PM

So, remember that $1-billion plan to get iPads for each and every Los Angeles Unified student the district has been working on and steadfastly defending for a couple of years now?

Forget about it. The deal is off, creating a new round of L.A. Unified chaos just as another school year begins.

The announcement came just days after the release of emails detailing Supt. John Deasy’s cozy contacts with Apple and curriculum software manufacturer Pearson before they were awarded large contracts.

Deasy, who has denied any improprieties, actually tried to put a positive spin on the long-running fiasco when he announced that the deal with Apple was kaput. The decision, he said in a memo to school board members Monday night, will “enable us to take advantage of an ever-changing marketplace and technology advances.… We will incorporate the lessons learned from the original procurement process….”

You’d think all had gone according to plan, but make no mistake:

Despite the upbeat, moving-on tone of that message, the Deasy pullback is a defining moment in his tenure. It was nothing short of a forced surrender to critics who have argued for months that Deasy charged ahead on the iPad project as if he knew best and everyone else’s job was to get out of the way.

And what did that get us? A commitment to spend tens of millions of dollars on pricey tablets and on software programs that hadn’t even been developed.

And the iPad fiasco is not the only problem bearing down on Deasy.

He’s got a newly radicalized teachers union calling for his scalp in the middle of contract negotiations. The two sides are miles apart on a range of issues, including salaries, teacher evaluations and the ever-rancorous philosophical divide over the corporate and nonprofit influences on public education.

He’s potentially lost his reliable majority on the school board with the election of George McKenna to an open seat.

He’s got the possibility of a new round of investigations into the Apple/Pearson deals by the L.A. Unified inspector general because of the emails.

And the school district, which years ago ditched a disastrous $120-million computerized student tracking system, is now trying to figure out how to fix persistent problems with the new $20-million system that replaced it. Early glitches have sent some parents and teachers into a tizzy over ridiculously large class sizes and misplaced transcripts, among other mishaps, and Jefferson High students staged a sit-in.

But getting back to iPads, Deasy’s white-flag moment follows not only the email release, but also comes in the wake of a damning report on the bidding process by an L.A. Unified technology committee. A draft, obtained last week by my colleague Howard Blume, covered what critics have been telling me and others for more than a year — that the rules of the bidding process appeared to benefit Apple and Pearson, and that there was at least an appearance of a conflict of interest on the district’s part.

And the emails really make you want to hold your nose.

“I believe we would have to make sure that your bid is the lowest one,” now-departed Deasy deputy Jaime Aquino wrote to Pearson in May 2012, two years before the contract was approved.

Aquino, if you have forgotten, had been an executive with a Pearson affiliate prior to heading up Deasy’s tech implementation plan.

Deasy — who graciously appeared in a promotional video for iPads before the contracts were awarded — later jumped in on that same email conversation.

“Understand your points and we need to work together on this quickly,” wrote Deasy, later adding he did not want to lose “an amazing opportunity.”

Deasy maintains that the emails were not about the larger, $1-billion tech plan but about “a pilot program we did at several schools months before we decided to do a large-scale implementation.”

Even if you believe that, along with Deasy’s claim that “nothing was done in any inappropriate way whatsoever,” his contact with Apple and Pearson raises countless questions about whether a legitimate bidding process was ever an objective.

“You should make every bidder think they have a slim chance of getting the job,” said Stuart Magruder, the school bond oversight committee member who briefly lost his post for asking too many questions about all of this. Deasy “didn’t do that. He created an environment where Apple and Pearson probably didn’t have to be as creative as they could have been.”

Or as thrifty. As Magruder noted, the district agreed to a far higher cost per device than what other districts were paying. Magruder also argued that he believes the main objective with digital devices has always been to facilitate more test-taking rather than better teaching and deeper, more meaningful learning experiences for students.

“There are all of these adults fighting among themselves and doing nothing to actually get the kids educated,” Magruder said. “And so many skirmishes between us seem to drive more skirmishes.”

So here we are, back to square one after a couple of wasted years, with Deasy calling for the process to begin all over again. It’s almost as if now he’s in a hurry to make everyone forget the past.

But it remains to be seen whether the superintendent, having lost a great deal of credibility, can survive the political fallout and learn enough from his blunders to lead the way more capably.

“I think that John Deasy lives by the sword and suffers by the sword of urgency,” L.A. Unified board member Steve Zimmer said. “I wouldn’t want him to not be urgent, and not be impatient, but sometimes there’s a cost to that.”

So, yeah.  An überleftist crony capitalist fascist liberal school superintendent from one of the most radically liberal cities on EARTH is caught pretty much red-handed committing about every sort of fraud known to man.  And he did it with YOUR tax dollars.  Because THAT’S what liberalism does.

You need to understand: according to liberalism, it’s evil when a business wants to keep more of its own money rather than pay it out to big government liberals in the form of the highest tax rate on the planet.  Well, unless it’s LIBERALS doing it, which they do every damn bit as much as the people the constantly demonize and slander.  But it’s perfectly FINE when liberals take that giant stash of money they looted from all the businesses they forced to pay all those taxes and “invest it” – crony capitalist fascist liberal style – on their politically-engineered boondoggle.

Mind you, those paragraphs at the beginning of the above article pretty much represent the entire disgraced presidency of Barack Obama.  Let’s just replace the name “Deasy” with the name “Obama” and try it for size:

Obama, who has denied any improprieties, actually tried to put a positive spin on the long-running fiasco when he announced that his cut-and-run from Iraq and then from Libya and then from Syria was kaput. The decision, he said in his 400th damn campaign fundraiser to his rabid ideological communist supporters Monday night, will “enable us to take advantage of an ever-changing “fundamental transformation of the United States of America”.… We will incorporate the lessons learned from the original cut-and-run while we redefine terrorism process….”

You’d think all had gone according to plan, but make no mistake:

Despite the upbeat, moving-on tone of that message, the Obama pullback is a defining moment in his tenure. It was nothing short of a forced surrender to critics who have argued for months that Obama charged ahead on the self-suicidal liberalism project as if he knew best and everyone else’s job was to get out of the way.

And if that disaster computer system doesn’t remind you of the disaster ObamaCare computer system, you are too far beneath the term “idiot” to describe in human terms.  You need to be described in single-celled amoeba terms of being capable of anything only when some leftist slogan stimulates you.

If you think I’m being in any way, shape or form unfair to Obama, read this article here that documents the TRUTH about OBAMA’S strategy to completely pull out of Iraq going all the way back to February 2009.  The military desperately wanted to remain to prevent the forfeiture of everything they’d fought for.  Obama demanded that America cut and run instead.  Then read the paragraph that says, “Petraeus was visibly unhappy when he left the Oval Office, according to one of the sources. A White House staffer present at the meeting was quoted by the source as saying, “Petraeus made the mistake of thinking he was still dealing with George Bush instead of with Barack Obama.”  Do it Obama’s way until the obvious fiasco happens and then watch him blame everybody else.  Obama overrode ALL his generals regarding his now-proven idiotic decision to completely abandon Iraq after all the work America had done to secure the country.  Just as Obama would later disregard his ENTIRE national security team when it came to abandoning Syria to terrorists who ultimately exploited Obama’s weak abandonment of Iraq and seized a 36,000 square mile caliphate for themselves.

That’s who liberals are at every turn and in every way.  In the spirit of Romans chapter one – which fits liberals to a “T” – they profess themselves to be wise, but in reality they are utter FOOLS.

And If you still think that liberals are one iota more willing to pay income taxes than conservatives, and if you’re NOT a mindless ideologically leftist moron who is as incapable of comprehending basic reality than a cockroach, just do some reading on green energy liberals and Hollywood liberals and liberals in basically every industry under the sun who lavish themselves with tax breaks at every possible turn.

I live in the California desert, and frankly if I had just one damn penny for every phone call I keep receiving from some leftist “green” business trying to capitalize on Obama green energy boondoggles to install subsidized solar energy panels “at no cost to you,” I’d be so filthy rich I’D BE THE ONE BUYING TIM HORTONS instead of Warren Buffett and Burger Queen.

The left has had a strangehold on our education system – both public schools and colleges and universities – for several generations now.  And they have made America dumber and dumber and dumber and less and less and less religious.  And now its no accident that we’re stupid enough to believe damn well anything.

When the Antichrist comes to take over what liberals started, he’ll have a ready-made population to manipulate with the same sort of lies that liberals have been beaming into the skulls of moral imbeciles since the 1960s.

And one of the core lies is and will continue to remain the lie that liberals only want to help you and conservatives only want to hurt you.  When if anything its the other damn way around.

 Update, Thursday, August 28, 2014: Yep, just one day after I wrote this, liberal Democrats just forked over $330 million to their fellow Hollywood liberal buddies in the form of “tax credits.”

Or how about this “little guy” that liberal Democrats love to give your money to: big labor unions.  The same day and again in the same Los Angeles Times there is an acknowledgement that DEMOCRATS are responsible for stacking the deck against taxpayers and loading up the pension boards with liberal union members who override and outvote the taxpayers  again and again and again while cities across the nation go bankrupt.  When Gov. Brown tried to enact a “modest pension reform measure,” the union-packed board made it meaningless and “The state’s overwhelmingly Democratic legislature refused” to prevent the outright ROBBERY of the taxpayers.

So when somebody tells you that Democrats care about the little guy, it wouldn’t be the least bit inappropriate of you to just start urinating right in their face.

 

JP Morgan And MF Global Prove That Democrat Regulations DON’T WORK. Democrats Create Disasters And Then Run By Demagoguing Those Disasters.

May 14, 2012

Democrats are saying that 2,320 pages of regulations wasn’t anywhere NEAR enough.  They say they need total dictatorial control over the economy in order to adequately regulate it.

Notice that both Christopher Dodd and Barney Frank (as in, “the Dodd-Frank Act”) are both GONE now???

And yet the monster they created lives on.

Many rules are STILL BEING WRITTEN.  That 2,320 pages will grow and grow and grow without end.

An article written a couple of days ago underscores this and a few other salient facts:

The Dodd-Frank Wall Street Reform and Consumer Protection Act, the most sweeping financial law enacted since the Great Depression, is supposed to protect investors and shield the economy from bubbles and speculation. Its promise is hard to judge; many detailed rules are still being drafted. What can be said with confidence is that Dodd-Frank has been a boon for lobbyists.

In that single sentence, we find: 1) Dodd-Frank was a complete lie and resulted in a complete fiasco; 2) the damn thing that is already a monster is growing into an even bigger monster all around us; and 3) Obama and Democrats LOVE lobbyists in spite of their sanctimonious self-righteous hypocritical denials.

We’ve just suffered the disaster of MF Global in which an EXTREMELY CLOSE ALLY AND PARTNER WITH THE OBAMA ADMINISTRATION directly led to the collapse and bankruptcy of MF Global and the disappearance of $1.6 BILLION in investor funds.

We’ve just suffered the disaster of JP Morgan – which donated HUGE campaign money to Obama, for the record (see here and here for the proof) – just lost $2 billion.  With those losses reasonably expected to exceed $4.2 BILLION.

Now, speaking of what is “reasonable,” it is “reasonable” to point out that the Democrat rhetoric demonizing George Bush for failing to regulate, etc. was a complete load of hogwash and that the Democrats’ have refuted themselves.  But that’s not the way the Democrat fascist mind works: rather, Democrats are actually arguing that their abject failure to regulate in spite of supermassive regulations requires more and MORE regulation.

There’s just no end to their stupidity.  Or to their crony-capitalist fascism.

Democrats promised that they would end “too big to fail” by preventing the movement toward getting bigger.  They accomplished the EXACT OPPOSITE: Banks are now THIRTY PERCENT BIGGER than when Dodd-Frank passed and they are in fact bigger as a direct consequence of Dodd-Frank as banks responded to the witch hunts by growing big and powerful enough to resist said witch hunts:

Two years after President Barack Obama vowed to eliminate the danger of financial institutions becoming “too big to fail,” the nation’s largest banks are bigger than they were before the credit crisis.

Five banks – JPMorgan Chase & Co. (JPM), Bank of America Corp., Citigroup Inc., Wells Fargo & Co., and Goldman Sachs Group Inc. — held $8.5 trillion in assets at the end of 2011, equal to 56 percent of the U.S. economy, according to the Federal Reserve.

Five years earlier, before the financial crisis, the largest banks’ assets amounted to 43 percent of U.S. output. The Big Five today are about twice as large as they were a decade ago relative to the economy, sparking concern that trouble at a major bank would rock the financial system and force the government to step in as it did during the 2008 crunch.

“Market participants believe that nothing has changed, that too-big-to-fail is fully intact,” said Gary Stern, former president of the Federal Reserve Bank of Minneapolis.

That specter is eroding faith in Obama’s pledge that taxpayer-funded bailouts are a thing of the past. It is also exposing him to criticism from Federal Reserve officials, Republicans and Occupy Wall Street supporters, who see the concentration of bank power as a threat to economic stability.

Let’s compare that list to the list of the biggest Obama donors:

Goldman Sachs, check.  Citigroup, check.  Bank of America, check.  And JP Morgan Chase, check check.  Oh, and Wells Fargo, check.

It’s really just astonishing to anybody but someone like me – WHO SAYS ALL THE DAMN TIME THAT BARACK OBAMA IS A GENUINELY EVIL MAN – that Obama rammed a fascist crony capitalist takeover of the banking system through Congress promising to end too big to fail, and yet somehow mysteriously that legislation ended up benefitting the very list of banks that gave Obama more money than ANYBODY.

It’s the exact same damn fascist thing with Obama and the BILLIONS OF DOLLARS IN TAXPAYER MONEY HE GAVE TO HIS DONORS WITH THE GREEN ENERGY BOONDOGGLE

There’s kind of a trend there.

When a political party promises to regulate and reform to prevent collapses and bubbles and end the too big to fail mindset, and then they do the VERY OPPOSITE thing that they said they’d do, and as a result of their doing the very opposite thing that they promised they say they need more power, and you believe them and vote for them, there is something profoundly wrong with you.

Demon-possessed Democrats (“Democrat” actually stands for “Demonic Bureaucrat,” by the way) played this game once in 2008.

It was DEMOCRATS and DEMOCRAT POLICIES that blew up our economy in 2008.  Bill Clinton radically expanded the housing-bubble-creating Fannie Mae and Freddie Mac by dramatically expanding the program that gave housing mortgages to people who could not afford them:

Fannie Mae Eases Credit To Aid Mortgage Lending
By STEVEN A. HOLMES
Published: September 30, 1999

In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.

Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

For the factual record, that was something Bill Clinton blessed George Bush with just before he left office to go along with the Dotcom bubble collapse recession that wiped out 78% of the Nasdaq portfolio, and in fact vaporized more than 7.1 TRILLION DOLLARS in American wealth.  Which collapsed on Bush just before the 9/11 disaster that happened because Bill Clinton let in every single terrorist who attacked us and allowed them to get trained, organized and funded completely on his watch.  So thanks for those land mines that were guaranteed to blow up, Slick Willie.

Wicked, depraved, demon-possessed Democrats blame George Bush.  But George Bush tried SEVENTEEN TIMES to reform and regulate Fannie Mae and Freddie Mac but Democrats thwarted him every single time.  From US News and World Report:

Seventeen. That’s how many times, according to this White House statement (hat tip Gateway Pundit), that the Bush administration has called for tighter regulation of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

I’ve written about this ad nauseum:

For the record, “8,000 billion” is another way of saying $8 TRILLION DOLLARS. That’s what Fannie Mae, Freddie Mac, and the Democrat Party have cost us.

It was Democrats who established Fannie Mae and Freddie Mac. It has been Democrats who have controlled the staffing of both agencies for decades. It was Democrats – and particularly it was Barack Obama – who took more campaign money from Fannie Mae and Freddie Mac than ANYONE. It was Democrats who refused to regulate Fannie Mae and Freddie Mac when George Bush and later John McCain repeatedly pleaded for such regulation and reform of the out-of-control agencies. It was Democrats like Franklin Raines who were running Fannie and Freddie when all the policies that led us down the road to hell were imposed, just as it was Democrats who were running Fannie and Freddie when the fecal matter started hitting the rotary oscillator.

It was a Democrat who said that everything was fine with Fannie and Freddie less than TWO MONTHS before they completely collapsed:

REP. BARNEY FRANK, D-MASS, July 14, 2008: I think this is a case where Fannie and Freddie are fundamentally sound, that they are not in danger of going under. They’re not the best investments these days from the long-term standpoint going back. I think they are in good shape going forward.

And I think that anybody who respects what you think is a deluded and deranged dumbass, Mr. Frank.

Fannie Mae and Freddie Mac are now in control of 96.5% of all mortgages, for those who don’t think they’re all that important in their role of creating the mortgage meltdown. It was Fannie and Freddie that bundled all the bad mortgages into mortgage-backed securities and then sold the mortgage-backed and debt securities to domestic and international capital investors under the illusion that they were guaranteed by the federal government.

Fannie and Freddie were a $5 trillion wasted boondoggle BEFORE things got even worse. They exist only to help liberals and lose money. And there’s no end in sight.

How bad is it???

Just how bad is the news at Fannie/Freddie? On Friday morning, Moody’s downgraded their outstanding preferred stock 5 notches from A1 to Baa3 (a slight gradation above junk) and their Bank Financial Strength Ratings (BSFR) to D+ from B- (one/half notch above D, which is reserved for companies in default). […]

I’ve pointed out which entity was directly behind the collapse of our economy in 2008.  Look who see who failed first and then triggered the catastrophic chain of financial destruction:

But in short, just take a look at the following timeline of our 2008 collapse and see which (Democrat) entity led the nation into implosion:

  • September 7: Federal takeover of Fannie Mae and Freddie Mac, which at that point owned or guaranteed about half of the U.S.’s $12 trillion mortgage market, effectively nationalizing them. This causes panic because almost every home mortgage lender and Wall Street bank relied on them to facilitate the mortgage market and investors worldwide owned $5.2 trillion of debt securities backed by them.[199][200]
  • September 14: Merrill Lynch is sold to Bank of America amidst fears of a liquidity crisis and Lehman Brothers collapse[201]
  • September 15: Lehman Brothers files for bankruptcy protection[202]
  • September 16: Moody’s and Standard and Poor’s downgrade ratings on AIG‘s credit on concerns over continuing losses to mortgage-backed securities, sending the company into fears of insolvency.[203][204] In addition, the Reserve Primary Fund “breaks the buck” leading to a run on the money market funds. Over $140 billion is withdrawn vs. $7 billion the week prior. This leads to problems for the commercial paper market, a key source of funding for corporations, which suddenly could not get funds or had to pay much higher interest rates.[205]
  • September 17: The US Federal Reserve lends $85 billion to American International Group (AIG)to avoid bankruptcy.
  • September 18: Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke meet with key legislators to propose a $700 billion emergency bailout through the purchase of toxic assets. Bernanke tells them: “If we don’t do this, we may not have an economy on Monday.”[206]
  • September 19: Paulson financial rescue plan is unveiled after a volatile week in stock and debt markets.

And I point out the whole process and how it happened to show why the 2008 disaster happened to prove that Fannie and Freddie failing first was no mere coincidence, but in fact the trigger that set off the entire chain reaction of 2008:

In a nutshell, Fannie and Freddie, acting as Government sponsored enterprises, bought tens of millions of mortgages, and then repackaged them into huge mortgage-backed securities that giant private entities such as Bear Stearns, AIG and Lehman Brothers purchased. What made these securities particularly attractive to the private banking entities was that these securities were essentially being sold – and had the backing – of the United States government.

Here’s the process:

The Role of the GSEs is to provide liquidity and stability to the U.S. housing and mortgage markets. Step 1 Banks lend money to Households to purchase and refinance home mortgages Step 2 The GSEs purchase these mortgage from the banks Step 3 GSEs bundle the mortgages into mortgage-backed securities Step 4 GSEs sell mortgage-backed and debt securities to domestic and international capital investors Step 5 Investors pay GSEs for purchase of debt and securities Step 6 GSEs return funds to banks to lend out again for the issuance of new mortgage loans.

Now, an intelligent observer would note a conflict: the GSE’s role was to “provide stability,” and yet they were taking on “significantly more risk” in the final year of the Clinton presidency. What’s wrong with this picture?

The GSEs Fannie Mae and Freddie Mac were designed to bundle up the mortgages into mortgage backed securities and then sell them to the private market.

Fannie Mae is exempt from SEC [Securities and Exchange Commission] regulation. Which screams why Bush wanted to regulate them. This allowed Fannie Mae to bundle up mortgages, which were then rated AAA with no requirement to make clear what is in the bundle. Which screams why Bush wanted to regulate them.

This is what has allowed toxic instruments that have been sold across the world. It also created a situation where money institutions did not know and could not find out whether potential inter-bank business partners were holding these “boiled babies on their books, complete with a golden stamp on the wrapping,” rather than safe instruments. This then inclined banks to a natural caution, to be wary of lending good money to other banks against these ‘assets’. And thus banks refused to lend to one another.

John McCain wrote a letter in 2006 urging reform and regulation of the GSEs. He said:

Congress chartered Fannie and Freddie to provide access to home financing by maintaining liquidity in the secondary mortgage market. Today, almost half of all mortgages in the U.S. are owned or guaranteed by these GSEs. They are mammoth financial institutions with almost $1.5 Trillion of debt outstanding between them. With the fiscal challenges facing us today (deficits, entitlements, pensions and flood insurance), Congress must ask itself who would actually pay this debt if Fannie or Freddie could not?

And of course, they could not pay their debts. Fannie and Freddie basically went bankrupt and were taken over. And they took a whopping share of the biggest financial institutions down with them. Fannie is in the process of devouring nearly 400 billion dollars of bailout money from the American taxpayer. And now – GREAT GOOGLEY MOOGLEYObama is planning to funnel yet another $800 BILLION through the same Fannie and Freddie who already destroyed us once.

And thus you had a financial disaster created by one William Jefferson Clinton and one Democrat Party. And now a second act of economic destruction is being planned by Barack Obama.

The 2008 economic collapse that Democrats were elected to fix was itself created by Democrats who will now continue the very policies that created the disaster in the first place.

Fannie Mae and Freddie Mac are now in control of 96.5% of all mortgages due to the corruption and fascist crony capitalism of the Democrat Party which has pretty much been allowed to run amok since 2007 (when they took control of the House and Senate) and which went completely insane when Barack Obama became president.

It was Democrats who blew up the economy with their stupid and demonic policies and it is Democrats who will make the rubble bounce by blowing it up all over again in a collapse that will make the Great Depression look like a walk on a warm sunny beach.

As a postscript, allow me to add that the problem is not and never has been that we don’t have enough regulations: we’ve got hundreds and hundreds of thousands of regulations such that the federal government has no idea how many different regulations they actually have on the books any more.  NO!  Rather the problem is that morality and ethics have disintegrated in America.

Founding father John Adams famously said, “Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.”  His point was that a free society cannot exist unless morality and religion are cherished and taught for a very good reason: because people who do not have the foundation to self-govern must be forcibly governed by an increasingly totalitarian state.  And that view of John Adams was echoed by every single one of our founding fathers for very good reason.

The Democrat Party and the unjust judges the Democrat Party has imposed on us threw God out of America in in 1947 when they imposed a radical understanding of the Establishment Clause upon America.  In a particularly heinous maneuver, the Supreme Court ONLY considered the phrase “a wall of separation between church and state” from a private letter written by Thomas Jefferson to a church that had written expressing concern about the removal of religious liberty.  It’s not adequate to say that the Supreme Court took “separation between church and state” in 1947; they DEMANDED that the surrounding context be DENIED altogetherThe result in 1947 was an awful ruling that defied the previous 160 years of Supreme Court decisions and effectively abrogated the Declaration of Independence and the 1st Amendment in doing so.  The Supreme Court further acted on the secular humanist edifice it had artificially constructed for itself in 1962, when the Court threw out prayer in schools and threw the Ten Commandments out in 1980.  The liberal court decreed that:

“If the posted copies of the Ten Commandments are to have any effect at all, it will be to induce the schoolchildren to read, meditate upon, perhaps to venerate and obey, the Commandments. However desirable this might be as a matter of private devotion, it is not a permissible state objective under the Establishment Clause.”

God forbid that children think about God and morality.  Let’s teach them sodomy instead.

And now we have degenerated to the point in which an Obama-appointed federal judge is saying we should just get rid of the first four commandments that mention God.  Because this moral idiot doesn’t comprehend that the first four commandments commanding reverence for the Creator form the moral foundation for the six commands that ethical laws that have formed the basis of Western Civilization that emerged from the Judeo-Christian worldview.

If you are an older American who knew what this nation used to be like, and you wonder what the hell went so terribly wrong, now you should understand why: we threw God out of America; and in so doing we invited Satan in.  Pretty much every nasty thing, from violent crime, to venereal disease, to premarital sex, to single motherhood and abortion, to illiteracy, to suicide, to drug use, to public corruption, HAS EXPLODED.  We’ve become a country that is so overwhelmed with convicted criminals that it is now beyond impossible to keep them incarcerated and we literally have to let them go as worse criminals keep flooding into the system.

When I graduated from university in 1990 as a business major, I did not receive any classroom instruction on business ethics.  One professor pointed out that they had USED to teach ethics in previous years but had as a matter of policy stopped doing so.  And precisely what would have been the foundation of those “ethics” if we’d been allowed to be taught about “ethics”???  What ethics?  WHOSE ethics?  Based on what ethical system?

Not the Bible, that is for damned sure.  Not when the Supreme Court that inhabits a building whose founders and whose betters engraved images of Moses and the Ten Commandments upon them spurns the entire history of this great nation and replaces it with legally-imposed godlessness.

So the abortion society of death worship that Democrats created spirals wildly out of control.  And the amoral and irreligious people now therefore need mountains of regulations as they become more and more and more blatantly depraved and predatory.

And such a people must be controlled with more and more force.

Liberals frequently compare conservatives to some kind of intolerant Taliban; but THEY’RE the Taliban.  They are a radical secular humanist cult that has been increasingly rabidly determined to impose their agenda on this nation for the last 100 years.

Who’s Watching The Shop While Obama Endlessly Campaigns??? New Major Scandals Erupting DAILY As Obama Attends More Fundraisers Than Last FIVE Presidents COMBINED

May 4, 2012

The Solyndra President.  Well, make that the Solyndra-EverGreenSpectraWattFirst SolarSolar TrustAbound SolarBrightSourceLSP EnergyEner1SunPowerBeacon PowerECOtalityA123Uni SolarAzure Dynamics President.  Not to mention all the other now-bankrupt green energy crony-capitalist businesses that have stolen more than $2 billion dollars of the American people’s money.

And few Americans have any idea whatsoever how transparently corrupt Barack Obama is.

Eighty percent of all green energy loans provided by the American people’s stimulus money were given to crony capitalist-fascist Obama donors.  Obama is using the American people’s money as a political slush fund to reward his friends:

A new book by Hoover Institution fellow Peter Schweizer details the startling extent of the cronyism that has pervaded President Obama’s “green jobs” push. According to Schweizer, 4 out of every 5 renewable energy companies backed by the Energy Department was “run by or primarily owned by Obama financial backers.”

Those companies’ “political largesse is probably the best investment they ever made in alternative energy,” Schweizer explains. “It brought them returns many times over.”

Such is the inevitable consequence of large government interventions in private markets. Leaving aside the losses associated with transfers of funds from self-sustaining industries to ones that rely on government support, such interventions also encourage unproductive business activities by making “subsidy suckling” far more profitable than run-of-the-mill business expansions or product improvements.

Doug Ross spotted the relevant excerpt of Schweizer’s book (h/t Ben Domenech’s Transom):

When President-elect Obama came to Washington in late 2008, he was outspoken about the need for an economic stimulus to revive a struggling economy… After he was sworn in as president, he proclaimed that taxpayer money would assuredly not be doled out to political friends…

…But an examination of grants and guaranteed loans offered by just one stimulus program run by the Department of Energy, for alternative-energy projects, is stunning. The so-called 1705 Loan Guarantee Program and the 1603 Grant Program channeled billions of dollars to all sorts of energy companies…

…In the 1705 government-backed-loan program [alone], for example, $16.4 billion of the $20.5 billion in loans granted as of Sept. 15 went to companies either run by or primarily owned by Obama financial backers—individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party. The grant and guaranteed-loan recipients were early backers of Obama before he ran for president, people who continued to give to his campaigns and exclusively to the Democratic Party in the years leading up to 2008. Their political largesse is probably the best investment they ever made in alternative energy. It brought them returns many times over.

…The Government Accountability Office has been highly critical of the way guaranteed loans and grants were doled out by the Department of Energy, complaining that the process appears “arbitrary” and lacks transparency. In March 2011, for example, the GAO examined the first 18 loans that were approved and found that none were properly documented. It also noted that officials “did not always record the results of analysis” of these applications. A loan program for electric cars, for example, “lacks performance measures.” No notes were kept during the review process, so it is difficult to determine how loan decisions were made. The GAO further declared that the Department of Energy “had treated applicants inconsistently in the application review process, favoring some applicants and disadvantaging others.” The Department of Energy’s inspector general, Gregory Friedman, … has testified that contracts have been steered to “friends and family.”

…These programs might be the greatest—and most expensive—example of crony capitalism in American history. Tens of billions of dollars went to firms controlled or owned by fundraisers, bundlers, and political allies, many of whom—surprise!—are now raising money for Obama again.

So it really doesn’t matter to Obama whether these crony capitalist boondoggles go bankrupt or not; what matters is that he gets a percentage of the billions of dollars of the American people’s money in the form of campaign contributions.

And that’s THE ONLY thing that matters: Obama providing all kinds of self-righteous rhetoric while he racks up more special interest campaign monies than ANY cynical and corrupt politician in the history of the entire human race.

This is a slick weasel who has now held more fundraisers THAN THE PREVIOUS FIVE PRESIDENTS COMBINED.

Barack Obama is without any doubt whatsoever the most evil and wicked man who has ever polluted the White House.

When Obama is not punishing his enemies and rewarding his friends, he is campaigning, campaigning, campaigning.

The Demoniac-in-Chief has not bothered to govern in years.  It has now been ELEVEN HUNDRED days since Obama’s Senate – controlled by his fellow Democrats – have bothered to pass ANY BUDGET AT ALL.  Where the hell is Obama while the party that he leads engages day after day after day after day in such abandonment of any kind of responsibility whatsoever???

What about Obama’s own budgets?  His 2012 budget was voted down – voted down BY EVERY SINGLE DEMOCRAT – to the tune of 97-0.  His 2013 budget was voted down – again by every single DEMOCRAT – to the tune of 414-0.  Just where the hell is Obama while he phones in one demon-possessed budget after another that even his own party unanimously vomits over???

He’s campaigning.  Endlessly campaigning.  Never governing, never leading, never bothering to do anything other than demonize and demagogue and lie and slander.

As of March 27, Obama had attended 191 fundraisers – FAR EXCEEDING ANY PRESIDENT EVER RECORDED IN HISTORY.

God damn America doesn’t need a budget.  Because this nation under Obama is going to hell and you don’t need a budget to burn.

We are watching America – and even the most formerly honorable and important positions in America – begin to drift into what can only be described as psychotic behavior.

The Secret Service scandal in which over twenty top Secret Service agents and Marine security personnel engaged in wildly inappropriate conduct involving some twenty prostitutes in Colombia is no aberration.  Nobody’s minding the shop; and the same attitude that holds that George Bush is responsible for the economy forever no matter how many years Barack Obama has been in control of it has permeated every single layer of government: nobody is responsible for anything in this “God damned” administration.

So, yes, the Secret Service scandal – which exposes behavior and abuses unlike anything this formerly honored branch of service has ever seen in its history – reveals a blatant failure of leadership on the part of Barack Obama.

That scandal almost immediately followed another scandal that is just beyond maddening: as GSA employees had an out-of-control “gone wild” convention that cost taxpayers nearly a million dollars:

WASHINGTON — Potentially problematic and certainly embarrassing video of the General Services Administration’s infamous $820,000 Las Vegas conference has been obtained by The Huffington Post, showing well-dressed employees singing Frank Sinatra, downing margaritas and making light of lavish spending.

Video of the 2010 party, provided by an administration official on Friday, shows GSA employees in colorful tuxedos, putting on magic shows and enjoying mock Vegas-style entertainment — all in the name of team-building.

The footage follows the release of a video clip featuring a GSA employee named Hank Terlaje at the same convention strumming a ukulele and belting out an ode to high-spending office culture. That video, like the new batch, was part of an awards ceremony meant to be light-hearted and satirical, but clearly at odds with the President Barack Obama administration’s message of fiscal belt-tightening. Several GSA officials have already lost their jobs because of the convention.

“These videos reinforce once again the complete lack of judgment exhibited during the 2010 Western Regions Conference,” Greg Mecher, a GSA spokesman, said in a statement to The Huffington Post. “Our agency continues to be appalled by this indefensible behavior, and we are taking every step possible to ensure that nothing like this ever happens again.” […]

Among the report’s findings, GSA spent $95 per person for a dinner reception at the M Resort Spa and Casino in Henderson, Nev.; $75,000 on a bike-building training exercise (the bikes were later donated to the Boys’ and Girls’ Club); $19 per person for an “American artisanal cheese display;” $7,000 in sushi; $3,200 for mind reader; $3,700 for T-shirts; and more than $2,500 on water bottles. The new videos obtained by HuffPost on Friday afternoon before a holiday weekend provide the first long visual evidence of the excess.

One clip features a red carpet entrance into a conference room gathering, during which GSA officials discuss what designer clothes they are wearing. Acting GSA Administrator Jeff Neely, who reportedly encouraged event organizers to make the conference “over the top,” tells the camera he’s donning all Armani, before urging people to “dispense with the notion that what’s done in Vegas stays in Vegas.” Later, a female employee with a self-described “talent for drinking margaritas” is handed a massive goblet filled with the beverage. Terlaje himself makes a cameo without his ukulele, during which he jokes that the board of directors should get a raise.

Another clip features GSA officials destroying office property in a scene inspired by the movie “Office Space.” The song “Push It To The Limit,” from the movie “Scarface,” blares in the background.

In another video, an “angry clown” — either a GSA employee or a professional hired by the organizers — talks about making work more challenging for other people. “Meetings are good to have in between breaks,” the clown declares. “Government — if you think the problems we create are bad, just wait until you see our solutions.”

Among the other clips, there is a performance by the Green Man group — a variation of the Blue Man troupe — that uses recyclable material for beat-making. Additionally, GSA officials, donning black tuxedos with colored vests, perform their own rendition of “Luck be a Lady.”

There are silly magic tricks and an on-stage contest to see which attendee can blow the most bubbles through hula hoops.

Employees were encouraged to submit videos for a talent show contest, which Terlaje won. Among other entrants was one featuring Gumby on a motorcycle, as employees flashed dollar bills and rapped about the world travel and government pay raises they were getting.

“Not trying to get all touchy-feely, but I have to give props to my man [Acting Regional GSA Administrator] Jeff Neely,” they sing.

“I’m thrilled to be doing this,” Neely says in a separate clip, calling the conference the “culmination of a huge and impressive talent contest.”

The new videos seem likely to further inflame the back-and-forth between the administration and House Oversight Committee Chair Darrell Issa (R-Calif.) over the GSA’s spending. The California Republican has suggested that the White House tried to hide evidence of lavish spending by sitting on the inspector general’s report for 11 months.

The GSA inspector general “briefed the Obama administration 11 months ago on its factual findings of waste and wrongdoing at a lavish Las Vegas convention,” Issa spokesman Frederick Hill, told POLITICO. “Rather than taking immediate action to suspend or dismiss those identified by the IG at this briefing as responsible, the administration instead let them have bonuses. Despite their efforts to manage the story, the administration only took real personnel actions when there were no more options for delay.”

Administration officials have scoffed at Issa’s charge, noting that proper protocols were followed to investigate the conference spending and that, once it came to light, officials who were responsible resigned or were fired.

With Reporting By Amanda Terkel and Brad Shannon

The full-length video obtained by The Huffington Post.

What did the Obama administration immediately try to do?  Blame Bush.  For an event that took place two full years AFTER BUSH LEFT OFFICE AND WAS GONE.

Nobody in the Obama administration – from the top down – has ever been responsible for ANYTHING.

Former Bush-era GSA administrator sets the record straight to correct the smokescreen of lies from an administration that is beyond pathological in its refusal to accept personal responsibility.  She pointed out:

Doan said the president and his aides aren’t taking ownership of their jobs. “This is very typical of the Obama administration,” she said. “There’s a lot of misdirection and cherry-picking of information that they release to the public. I think you also see the Obama administration circling their wagons because they know this is very damaging. You simply cannot justify the kind of wasteful spending.”

Barack Obama is running for president 24 hours a day, seven days a week, and he can’t be bothered with actually governing or running anything.  You don’t take responsibility when you’re running for president – EVEN IF YOU’VE ACTUALLY BEEN THE DAMN PRESIDENT FOR FOUR FREAKING YEARS.

The Fast and Furious scandal – and this is giving Obama and Holder the benefit of the doubt and not believing the very real possibility that the two men deliberately set out to undermine 2nd Amendment gun rights by literally selling Mexican drug gangs guns so they could demonize American gun sellers and thus demonize the 2nd Amendment – has racked up so many corpses it is positively UNREAL.  Let me simply sum it up: Obama’s people actually put guns into the hands of criminal drug cartels who then used those guns to murder American Border Patrol agents and HUNDREDS of Mexican soldiers, federal agents, police and family members of officials.

As Chuck Norris put it, Obama is smuggling guns to the Mexican drug gangs without any way to track them while demanding that YOUR guns be regulated or just plain taken away.

And if that isn’t sick enough, Barack Obama’s and Eric Holder’s ATF actually PROMOTED the supervisors who were most responsible for the fiasco.  Most likely to keep them quiet.

Congress is on the verge of issuing contempt of Congress proceedings against Obama’s Attorney General, stating:

“For over a year, the Department has issued false denials, given answers intended to misdirect investigators, sought to intimidate witnesses, unlawfully withheld subpoenaed documents, and waited to be confronted with indisputable evidence before acknowledging uncomfortable facts,” it reads. “’Operation Fast and Furious’ outrageous tactics, the Justice Department’s refusal to fully cooperate with the investigation, and efforts to smear and retaliate against whistleblowers have tainted the institutional integrity of the Justice Department.”

They issued a memorandum detailing the charges available here.

And where the hell is Obama?  He’s at one after another after another campaign event.

As we speak, Obama’s State Department has terribly and despicably failed to protect human rights or America’s reputation as a nation that defends those rights in it’s godawful handling of China’s abuse of human rights activist Chen Guangchen.  A BBC headline reads: “Barack Obama SILENT…”

We’re finding out the State Department applied pressure on Chen to leave the US embassy; then they abandoned him when he was in the hospital.  From being safe on sovereign US territory, the human rights activist is now in Chinese custody, future very much uncertain.  And his wife’s and children’s future equally uncertain.

If Obama had actually bothered to do his damn job, it might have prevented him from attending another campaign event and raising more campaign money. And that is the ONLY “crime against humanity” that Obama gives a damn about.

There are so many scandals going on under Obama’s “permanent campaign” that many of them – even really vile ones – just get ignored.  Such as the one with the National Oceanic and Atmospheric Administration (NOAA) with the out-of-control agency inflicting huge fines on fishermen for small infractions and putting the collected monies in a slush fund used for lavish trips and booze-cruise luxury boats.

That is hardly the end of Obama’s constant scandals.  It’s hardly the end of his complete failure to lead.  There are so many examples this would be a 25,000 word article for me to write up half of them.

Obama has taken America to “Greece” territory with our debt exceeding our entire gross national product for the first time.  Obama is foolishly spending $2.52 in debt for every dollar of “growth” to get himself re-elected.

Obama has promised Russia that he’ll abandon American national security interests if they don’t raise any stinks and thus help his re-election campaign.  Meanwhile, his supporters are boasting that Obama will be able to usurp the wealth and freedoms of productive Americans and redistribute them to his supporters without fear in a second term.  But apparently Russia doesn’t trust Obama any more than the American people Obama is willing to betray ought to trust him: yesterday Russia warned that it would preemptively strike American facilities – literally threatening war on America – if the US continued to build a missile shield to protect the US from the Iranian nuclear threat Russia is responsible for.

Meanwhile Israel is on the verge of attacking Iran to prevent the nihilistic jihadist regime from developing nuclear weapons.  Which Iran is on the verge of getting, mind you, because Barack Obama and the Democrat Party has steadfastly refused to do one damn thing to prevent Iran from getting for the last decade.

And where the hell is Obama?  He’s campaigning, campaigning, campaigning.  The man who has attended more fundraisers than the last five presidents combined is trying to attend more fundraisers than the last TEN presidents combined instead.  So don’t expect anything other than a weak response from the likes of him on pretty much anything.

Barack Obama And His Fascist Crony Capitalist Connections To MF Global, Goldman Sachs, JP Morgan Chase, Citigroup – And A Coming $600 Trillion Collapse

January 5, 2012

The American people are routinely lied to by the Democrat machine and the mainstream media that serve as their propagandists. 

The message that we are fed is that the Republican Party is the party of big money and Wall Street.

It’s a lie.  It is literally a lie straight out of hell.

A look at a few incredibly pathetic and incredibly nasty recent events serve to document that it is a lie, and if you want to look at crony capitalist fascism, you need to look at Barack Hussein Obama.

First of all, we’ve heard about the catastrophe that has been caused by MF Global – a Wall Street big boy led by a former Democrat Governor with deep ties to Obama:

Is Jon Corzine having a Bernie Madoff moment?
 
Corzine told the many congressional panels he was hauled in front of this week that it was not his intention to violate any rules in regard to commingling customer’s funds, and yet six weeks after the Halloween bankruptcy filing, it’s scary to think that $1.2 billion in customer funds still have not been found.
 
Some three years ago this week, a Securities and Exchange Commission lawyer said this: “Our task is to find the records and follow the money,” while beginning a probe into Bernie Madoff’s $65 billion Ponzi scheme. “We do not dispute his number — we just have not calculated how he made it,” the lawyer said.

By definition in the Madoff Ponzi scheme, he used one client’s money to pay off another client. Madoff commingled or pooled assets to pay redemptions. He admitted to fraud, along with 10 other federal felonies.
 
While neither Corzine nor any other MF Global executive has been charged with any criminal wrongdoing at this point, Terry Duffy, head of CME Group, said during his congressional testimony: “The fact is that MF Global broke rules by moving customer-segregated funds out of an account over which it had control.”
 
Another parallel between MF Global and Madoff is that both firms — while dealing with very different products — self-cleared their trades.
 
That commonality is important because the books, records, settlement and capital flows are essentially being prepared by, and for the same beneficial interests as, the broker dealers, and are fraught with potential for corner-cutting and potentially nefarious actions.
 
Third-party clearing is just that. Another large clearing broker dealer oversees the books, records and flow of customer funds. If MF were cleared by a third party — say, JPMorgan or Goldman Sachs — it is highly unlikely that MF would be in the news today.
 
Both Madoff and Corzine used their positions to cozy up with the regulators in charge of oversight of their companies.

Here’s what Barack Obama and Joe Biden said about their utterly vile crony capitalist budy Jon Corzine:

• “You’ve had an honorable man, a decent man, an honest man, at the helm of this state. … He’s fought for what matters to ordinary folks.”

• “People…say, ‘You know, I was saving up all my life. …. Suddenly, because of this financial crisis, I may have to go back to work.’ “

• “Jon knows these are challenging times. This is why he got into public service. He didn’t do it for the paycheck.”

• “This crisis…came about because of the same theories, the same lax regulation, the same trickle-down economics that the other guy’s party has been peddling for years.”

• “Jon’s got the mop and he’s cleaning up after somebody else’s mess.”

• “One of the things you’ve got in Jon Corzine is somebody who tells it to you straight,” Mr Obama said.

• “Jon’s a leader who’s been called to govern in some extraordinary times,” Obama said while campaigning for Corzine in 2009. “Jon Corzine wasn’t just the first governor to pass an economic recovery plan for his state. He was an ally with the Obama administration in helping us develop a national recovery plan.”

• “I literally picked up the phone and called Jon Corzine and said Jon, what do you think we should do,” Biden said. “The reason we called Jon is that we knew that he knew about the economy, about world markets, how we had to respond, unlike almost anyone we knew. It was because he had been in the pit — because he had been in the furnace. And we trusted his judgment.”

• “Way back in the transition period, before we were sworn in, when Barack Obama and I were literally sitting at a desk in a high rise in Chicago, beginning the plan on how we would try to get this economy out of a ditch, literally, the first guy I called was Jon Corzine. It’s not a joke. It’s not a joke. First of all, he’s the smartest guy I know in terms of the economy and on finance, and I really mean that.”

Then there was this latest news that MF Global sold a whole bunch of assets to Goldman Sachs – a scumbag crony capitalist Wall Street big boy if there ever was one.  As you read this, I want you to consider the names of the people and institutions.  I will explain what an utterly godawful collection of demonic players we have in my paragraphs to follow:

MF Global Sold Assets to Goldman Before Collapse
Published: Wednesday, 4 Jan 2012 | 2:57 AM ET

MF Global unloaded hundreds of millions of dollars’ worth of securities to Goldman Sachs in the days leading up to its collapse, according to two former MF Global employees with direct knowledge of the transactions.

But it did not immediately receive payment from its clearing firm and lender, JPMorgan Chase & Co, one of the sources said.

The sale of securities to Goldman occurred on Oct.27, just days before MF Global filed for bankruptcy on Oct.31, the ex-employees said.

One of the employees said the transactions were cleared with JPMorgan Chase.

At the same time MF Global, which was run by former Goldman Sachs head Jon Corzine, was selling securities to Goldman to raise badly needed cash, the futures firm was also drawing down a $1.2 billion revolving line of credit it had with JPMorgan, according to one of the former MF Global employees.

JPMorgan spokeswoman Mary Sedarat said the bank did not withold money because of the line of credit. She declined further comment on details of the transactions.

JPMorgan has fought aggressively in bankruptcy court to protect its interests, and received a lien on some of MF Global’s assets in exchange for granting the firm $8 million to fund its bankruptcy costs.

The lien puts JPMorgan’s interests ahead of MF Global customers who have not yet received an estimated $900 million worth of money from their accounts, which remain frozen as regulators search for missing funds.

The hastily crafted transactions and the seeming inability of MF Global to recoup some of the money in the sale to Goldman may start to explain why so much money remains unaccounted for at the futures firm.

It is unclear what type of assets Goldman bought from MF Global, but the securities were worth hundreds of millions of dollars, the former employees said.

The sources spoke on the condition of anonymity.

The Wall Street Journal previously reported that George Soros’ fund was a buyer of securities sold by MF Global, scooping-up some of its European sovereign debt at a deep discount.

Panic among investors and clients about MF Global’s $6.3 billion bet on European sovereign bonds led to its demise.

Corzine, who was CEO of MF Global at the time of the collapse, headed Goldman Sachs from 1994 to 1999 before being ousted after a power struggle with co-CEO Henry Paulson.

Corzine and other top MF Global executives reached out in desperation to Goldman Sachs and JPMorgan, as well as Jefferies Group, Barclays, Citigroup, Deutsche Bank, Macquarie Group, State Street Corp and Wells Fargo, as potential buyers in its final days as the firm teetered toward collapse, Reuters earlier reported.

So let’s take a look at Obama’s connection to Goldman Sachs:

That’s right.  Goldman Sachs was Obama’s number two donor, to the tune of well over a million dollars.

I wrote something that hasn’t yet been published online about derivatives and how they have created the guaranteed implosion and collapse of the American and in fact global economic system:

What are derivatives? Some investors describe them as “dormant economic weapons of mass destruction”. They essentially are large leveraged bets on top of stocks, bonds and commodities. Money can be made within months or seconds by betting if a stock will go up, down or even remain the same. With no credit rating you can place a bet worth double your account balance. Big time investors get greater leverage with these instantaneous loans.

The New York Times, Oct 8th 2008 [the New York Times, as is so common with the left, purged this link, but the quote is also cited here]:

The derivatives market is $531 trillion, up from $106 trillion in 2002. This market is setup with odds similar to a racetrack. Trillions are won and lost (transferred) every second. But unlike a racetrack the big players have ultimate control. Their trillions can make stocks move. A 4% up swing in a stock can cause a derivative bet to rise more than 100% in value or vice versa. A low performing stock that rises only 6% a year could actually have many 3, 6 or 9 percent swings weekly or monthly (some stocks daily). There are billions to be made over and over again by the people that control billions and trillions thus the markets. A grand game approved by the top.”

There are over $600 trillion in derivatives floating around, most of it held by four banks whose failure would cause global economic catastrophe (JPMorgan Chase, Citigroup, Bank of America and Goldman Sachs).  The entire world’s GDP is $65 trillion; so there is literally not enough money on the entire planet to backstop the banks that are trading these things if they run into trouble.  And there is very good reason to believe that they’re running into trouble.  What kind of economic collapse would be triggered???

There was never ANYTHING like these “economic weapons of mass destruction” before.  How many of you have followed Jon Corzine and MF Global and the $1.7 billion (it just keeps going up – from $633 million to $1.2 billion to the latest $1.7 billion) in investor money that has simply vanished in the aftermath of bad bets on the European debt crisis???

Does that sound scary?  How about if I just talk about a mere $211 trillion in debt just for the USA instead?

Boston University economist Laurence Kotlikoff says “If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That’s the fiscal gap,” he says. “That’s our true indebtedness.”

Writing in the September issue of Finance and Development, a journal of the International Monetary Fund, Prof. Kotlikoff says the IMF itself has quietly confirmed that the U.S. is in terrible fiscal trouble – far worse than the Washington-based lender of last resort has previously acknowledged. “The U.S. fiscal gap is huge,” the IMF asserted in a June report.

The above article describing our actual debt as $211 trillion written in August of 2011, and it’s ancient history now: our official debt isn’t $14 trillion anymore; now it’s over $15 trillionand about to soar to more than $16.394 trillion – just one half of one year later (see also here for more on that)!!!

The UK Telegraph has an article titled, “How the Fed triggered the Arab Spring uprisings in two easy graphs.”  It’s all starting to go completely out of control.  A collapse is coming that will make the Great Depression look like a child’s birthday party.  The present world system simply cannot continue much longer without a complete breakdown.  You can hear the approaching hoofbeats…

Here’s that graph which directly links the euphemistically titled “Arab Spring” (Spring is supposed to be a good thing) as food riots tied to Obama’s reckless fiscal policies:

It’s not an “Arab Spring” of democracy as oppressed people are inspired by Obama, as the demonic media have tried to argue.  Rather,the Arab countries that have collapsed or are collapsing are oil producers and therefore are backed by the U.S. dollar.  And Obama has imploded the value of those currencies by radically devaluing the dollar due to his reckless and immoral policies.

When you take an informed look at the facts, it is frankly stunning how horribly Obama has mismanaged the Middle East.  And it is only a matter of time before that world will blow up because of what Obama has done.

Now, here’s another thing: take a look at the four banks that are the worst of the very worst, and then look at Obama’s donor list: Goldman Sachs, JP Morgan Chase and Citigroup are ALL on Obama’s top ten list of donors.

The people who gave us financial hell in 2008 also gave us Obama.  That is a documented fact.  The too-big-to-fail big money corrupt crony capitalist Wall Street big boys who collapsed our economy – and I guarantee you that collapse aint nowhere NEAR over yet – are the same quivering piles of vile slime that we have to thank for Barry Hussein.

Let me tell you something, a global collapse unlike anything that has ever been seen by mankind is coming.  And Barack Obama is crawling all over the forces that are most behind that coming collapse.

Note that I haven’t even mentioned Fannie Mae and Freddie Mac yet.  These Government Sponsored Enterprises were at the heart of the mortgage market collapse in 2008.  And Barack Obama was their champion while he took more money in less time from them (Dodd took his money over twenty years) than any politician in American history:

I also notice how you utterly fail to mention the gigantic role of Fannie Mae and Freddie Mac in the 2008 collapse:

https://startthinkingright.wordpress.com/2010/01/23/aei-article-how-fannie-and-freddie-blew-up-the-economy/

https://startthinkingright.wordpress.com/2010/08/10/barney-frank-and-democrat-party-most-responsible-for-2008-economic-collapse/

https://startthinkingright.wordpress.com/2010/05/11/2009/08/03/who-really-exploded-your-economy-liberals-or-conservatives/

https://startthinkingright.wordpress.com/2011/08/15/democrats-set-up-america-for-2008-collapse-and-barack-obama-became-their-king/

http://startthinkingright.wordpress.com/2010/05/11/2009/12/31/with-eyes-finally-wide-open-reconsider-why-the-economy-collapsed-in-the-first-place/

https://startthinkingright.wordpress.com/2011/10/13/democrat-lies-about-their-key-role-in-2008-economic-collapse-reaches-laughable-proportions/

https://startthinkingright.wordpress.com/2010/05/11/2009/07/08/biden-we-misread-the-economy-and-its-all-the-republicans-fault/

Fannie Mae and Freddie Mac were created by Democrats. It was perennially staffed with Democrats. It had the sole power to bundle mortgages into the “mortgage backed securites” and then sell those securities to the private market under the guise that they were government and therefore AAA. It got massively into subprime loans to literally piss into those mortgage backed securities even as it made it impossible to tell a good security from a bad one. It forced banks to make utterly STUPID loans that went belly-up.

Watch these videos to see that Fannie Mae was responsible, and Democrats were responsible for preventing ANY regulation at ALL on Fannie Mae:

http://digitalartpress.wordpress.com/2009/03/22/video-proof-democrat-party-warned-responsible-for-fannie-mae-freddie-mac-economic-crisis-repost/

https://startthinkingright.wordpress.com/2010/05/11/barney-frank-video-proves-democrats-at-core-of-2008-economic-collapse/

George Bush tried SEVENTEEN TIMES to reform and regulate Fannie Mae and Freddie Mac. And Democrats stopped him at every single turn until it was too damned late. Look at the timeline: FANNIE and FREDDIE went bankrupt first before anybody else – and they had over sixty percent of the housing mortgage market and there was no stopping the crash that Demoncrats (demonic bureaucratic rodents) created.

Barack Obama is ALL OVER the past and future collapse of the United States of America.  That is a fact.

The disaster that is coming, the disaster that Barack Obama is behind, will be of biblical proportions.  So it is only fitting I end by quoting the Bible:

1 John 2:8-19 says:

“Children, it is the last hour; and just as you heard that antichrist is coming, even now many antichrists have arisen; from this we know that it is the last hour. They went out from us, but they were not really of us; for if they had been of us, they would have remained with us; but they went out, in order that it might be shown that they all are not of us.”

Jesus from Matthew 24:45:

Jesus told them, “Don’t let anyone mislead you, for many will come in my name, claiming, ‘I am the Messiah.’ They will deceive many.

Barack Obama is an antichrist.  He is most certainly not a Christian, though he claims to have come from a “Christian church” that is actually a racist, anti-American and Marxist cesspool.  Obama has championed over 54 million abortions that the Democrat Party is responsible for in America – including outright infanticide; he has either openly mocked the Bible or twisted and distorted its meaning so massively that it is frankly stunning.

The mainstream media propaganda REPEATEDLY crowned Obama with their messianic halo:

And, more than and unlike ANY American leader who has ever come before, Barack Obama has been hailed as “the messiah.”

Believe me, the guy qualifies for what Jesus Christ and St. John warned us about.  No one has EVER qualified more than Obama, save for maybe Adolf Hitler.

He’s not.  Period.  Rather, he is a false messiah, one of the antichrists we were warned about, who is going to bring hell to America and to the world before he hands over power to the TRUE antichrist whose coming will be hastened by the calamity that Obama has caused and still is causing.

Barack Obama is going to cause a financial calamity that will devastate the world and lead to the coming of the four horsemen of the apocalypse as described by Revelation chapter 6.

I’ve given you at least eight hundred and eleven trillion reasons for that conclusion.

The beast is coming.

Update, 4/23/12: Just to point out how corrupt Obama is, Jon Corzine is STILL bundling campaign money for him.

Newsflash: Obama Stimulus Was A Leftwing Boondoggle Created To Financially Benefit Obama-Connected Liberals

December 17, 2011

Obama keeps talking about the Republican culture of corruption because he’s the most dishonest man who has ever “occupied” the White House and he knows the media is as dishonest as he is.

The Obama stimulus porker – you know, that thing that didn’t create any jobs but cost the American taxpayers not $862 billion but rather $3.27 TRILLION – keeps looking worse and worse as we get the 20/20 vision to examine it.  Even the CBO is now stating for the record that their previous analysis was off, and that this stimulus turd was in fact a turd.

Obama laid a $3.27 TRILLION turd and nobody’s talking about it.

Well, now there’s this:

Outrage! Author of ‘stimulus’ tied to companies funded by bill: Received hundreds of millions in government grants, loans.
Posted on December 14, 2011 at 9:14 PM EST
By Aaron Klein

An advisor to President Obama who played a key role in developing the energy provisions of the so-called stimulus bill has graced the board of several companies that recently received government funds, including hundreds of million in “stimulus” money.

TJ Glauthier served on Obama’s 2008 White House Transition Team. He is widely credited with helping to craft the energy provisions of the American Recovery and Reinvestment Act of 2009, also known as the “stimulus.”

In addition to serving on the boards of multiple major energy companies, Glauthier previously held two Presidential appointments during the Clinton Administration.

He was the Energy Department’s Deputy Secretary and Chief Operating Officer, the second-highest ranking official.

Earlier, he served in the White House for five years as the Associate Director for Natural Resources, Energy and Science in the Office of Management and Budget.

Glauthier is tied to several energy companies that benefited from the “stimulus” bill he helped to craft.

One such company investigated by KleinOnline is GridPoint Inc, where he was appointed to the board in March 2008. GridPoint provides utilities software solutions for electrical grid management and electric power demand and supply balancing.

The “stimulus” provides for $4.5 billion for so-called smart grid projects. GridPoint has benefited from scores of smart grid deals funded by the “stimulus” bill.

The company partnered with the Electric Transportation Engineering Corporation (eTec), Nissan, the Idaho National Laboratory and others in a project to deploy electric vehicles (EVs) and their charging infrastructure in five states. The Energy Department had awarded eTec almost $100 million in “stimulus” funds to support the project.

GridPoint’s role in the eTec project was to supply smart charging and data logging capability to utilities located in strategic markets of eTec’s program in Arizona, California, Oregon, Tennessee and Washington.

GridPoint also benefited from “stimulus” funds when it recently provided home energy management, load management and electric vehicle management software solutions for a KCP&L’s Green Impact Zone SmartGrid Demonstration in Kansas City, Mo. The project was the recipient of stimulus funding.

Additionally, GridPoint helped the Sacramento Municipal Utility District, or SMUD, to manage power from its customers’ rooftop solar panels.

The Arlington, Va.-based company had landed a contract to help the Sacramento, Calif.-based municipal utility manage renewable power integration, energy storage and home energy management systems. SMUD had won $127.5 million in stimulus funds from the Department of Energy to carry out the project, which also includes deploying 600,000 smart meters in its service territory.

Also, in early 2009, the Energy Department awarded Argonne National Laboratory nearly $2.7 million in stimulus funding for three solar-energy related research projects. In addition, Argonne reportedly shared another $5 million in stimulus funding for projects with GridPoint and other companies and the University of Illinois Sustainable Technology Center.

Besides benefiting from stimulus grants, GridPoint last year won a $28 million contract with the United States Postal Service to install energy management systems in selected post office locations across the U.S.

Glauthier, meanwhile, had come under fire in the conservative blogosphere after Fox News reported the U.S. Navy has purchased 450,000 gallons of biofuel for about $16 a gallon, or about 4 times the price of its standard marine fuel, JP-5, which has been going for under $4 a gallon.

HotAir reported last week that Glauthier is a “strategic advisor” to Solazyme, the California company that is selling a portion of the biofuel to the Navy.

HotAir noted Solazyme received a $21.8 million grant from the 2009 stimulus package.

Also, writing at BigGovernment two weeks ago, Whitney Pitcher found that prior to serving as advisor to Solazyme and after his time as part of Obama’s transition team, Glauthier served of the advisory board of SunRun, a solar financing company.

In October of 2010, just a few short months after Glauthier joined SunRun’s advisory board, SunRun secured a $6.73 million grant from this Treasury Department stimulus program. The company was the ninth largest recipient of such programs through the December, 2010.

With research by Brenda J. Elliott

Boy, is it ever a small world where Obama’s crony capitalist fascist government-dictated corruption is involved.

We also learn that a big Obama donor had his hand in the same pot: he was the founder of Gridpoint, after all:

The founder of an energy company that benefited from deals involving hundreds of millions in “stimulus” money made the maximum donation allowable to President Obama’s inauguration, WND has learned.

Peter L. Corsell, founder of GridPoint Inc., contributed $50,000 to the inauguration.

I wrote about that Solazyme biofuel boondoggle too. It’s beyond outrageous what Obama and his thieving friends are getting away with.

I say it and keep saying it: this is God damn America, and it will continue to be God damn America until we rid ourselves of this evil despot.

Blacks, Hispanics, women and young people – all the groups most responsible for bringing Obama to power – are the most cursed under this administration (you know, even as all of Obama’s fascist crony capitalist friends PROSPER):

After decades of hard-fought progress, black economic gains were reversed in Great Recession (updated: that link was deleted by WaPo, which is a very common tactic of the revisionist liberal media.  Here is a still-current link to this story)

Hispanics’ Unemployment Rate Soars

Women Losing Ground as Jobs Crisis Rages

U.S. Youth Unemployment At Arab Spring Levels

 With all due respect, it is nothing short of poetic justice.  You voted for an incredibly evil man and one day you will burn in hell for it.  But get you should all get your foretaste of that hell early, SHOULDN’T YOU?

The Obama Navy Illustrates Why America Is Sinking: PC Navy Buying Biofuel At $16 A Gallon

December 14, 2011

In Obama’s God damn America we do truly breathtakingly stupid things and then keep doing them until we collapse.  And then of course we can also add a healthy mixture of Obama’s crony capitalist fascism:

Navy buys biofuel for $16 a gallon
posted at 7:00 pm on December 11, 2011 by J.E. Dyer

This is going to help the Defense Department weather looming budget cuts, for sure. Teaming up with the Department of Agriculture (which has a cheery Rotary Club ring to it), the Navy has purchased 450,000 gallons of biofuel for about $16 a gallon, or about 4 times the price of its standard marine fuel, JP-5, which has been going for under $4 a gallon.

You won’t be surprised to learn that a member of Obama’s presidential transition team, T. J. Glauthier, is a “strategic advisor” at Solazyme, the California company that is selling a portion of the biofuel to the Navy. Glauthier worked – shock, shock – on the energy-sector portion of the 2009 stimulus bill.

The Navy sale isn’t Solazyme’s first trip to the public trough, of course. The company got a $21.8 million grant from the 2009 stimulus package.

Solazyme’s partner in the biofuel sale is Dynamic Fuels, a Louisiana company owned jointly by Tyson Foods and Tulsa-based Syntroleum. Tyson and Syntroleum are distinguished by having profitable lines of business that do not rely on government grants to unprofitable “green” projects. This does not make their biofuel product price-competitive with fossil fuels, however. (They were induced to develop biofuel manufacturing processes by a combination of subsidies and tax breaks.)

The Dynamic Fuels plant was opened for business in Geismar, LA in 2010, becoming by far the largest biofuels plant in North America – and reportedly, in combination with a plant in Finland, a producer of 94% of the world’s biofuels. This is great boosterism stuff, but the biofuels produced by Dynamic Fuels are still considerably more expensive than the fossil-fuel alternative. Dynamic Fuels has begun supplying aviation biofuel to KLM, the Dutch flag carrier, but of course, the use of more-expensive biofuels by commercial carriers has to be subsidized by governments.

If governments stopped subsidizing biofuels, their artificial “profitability” would disappear overnight. Price-wise, they can’t compete with fossil fuels. The day may come when they can, but subsidizing them while they don’t is not a method with any record of success for encouraging price efficiency. What it does instead is create languishing public dependencies and tremendous opportunities for cronyism, as demonstrated in the Solyndra scandal.

As the Institute for Energy Research article (top link) indicates, the US has enormous reserves of both conventional and unconventional oil and natural gas resources. Opening them up for exploitation would, among other things, ensure that the US armed forces could buy cheaper fuel – cheaper than today’s prices – produced in the USA. At a time when federal debt is spiraling and the Defense Department is facing budget cuts that are guaranteed to gut the fighting forces and render them ineffective, it seems to border on insane to eschew a ready, significantly cheaper alternative and require the armed services to quadruple what they pay for fuel as a proof of concept – apparently with the idea that the forces should buy more of the 4-times-as-expensive fuel. This is, after all, our national security we’re talking about.

While Obama is making the Navy shoot itself in both feet by buying fuel that costs FOUR TIMES what they need to spend, he is simultaneously demanding that the military’s budget be gutted by $600 billion – AFTER he already gutted it $450 billion the year before.

And to “pay for” forcing the Navy to purchase fuel that costs four times more than what they had been buying, Obama is going to lay off more than 3,000 valuable mid-level sailors who make up the heart of our armed forces.

Hopefully all that biofuel is for ships with names like “The USS Dodo Bird.” Because that’s the way we’re going under this president’s leadership. Or maybe the “USS Teapot Dome” in honor of Obama’s in-your-face blatant corruption.

When Will Full-Of-Crap Liberals Who Believe Democrats Are With The Little Guy And Against The Big Guy Wake Up And Grow Up?

November 18, 2011

I wrote an article damning Diane Sawyer for being a leftwing propagandist who used her interview with Gabrielle Giffords to demonize Sarah Palin.  And I got this response:

Diane Sawyer is about as Right-Wing and Conservative as it gets. She never met a big business she didn’t let take her up the rump.

The issue here isn’t how Sarah Palin was defamed and demonized; it’s not even about how Diane Sawer defamed and demonized Sarah Palin.  The issue is the idiotic notion that “right wing” or “conservative” people are in bed with big business, as opposed to the assertion that liberals are above such vile behavior.

Idiocy in general pisses me off; and when it’s liberal idiocy it pisses me off even more.  So I responded:

Oh, is that the definition of right wing?

So Barack Obama, who is in bed with GE, is right wing? And when Obama gave one of his donors $535 million in government money (after giving the auto company billions upon billions of dollars that we’ll never get back) that went down a black hole that was right wing? When Obama played the same game you’re playing to demonize conservatives while touting Jon Corzine – who has proven himself to be more of a scumbag than ANYBODY – was that “conservative”?

Here’s something interesting for your consideration: Wall Street “fatcats” have fared FAR better in just 2 1/2 years under Obama (raking in $83 billion) than they fared under Bush in EIGHT years ($77 billion). Which means that apparently Obama is actually vastly more “conservative” than Bush was, on your truly asinine view of reality.

You truly are ignorant, Mr. You Say. You have the most naive concept of “liberalism” imaginable. Every time I talk to a liberal, I walk away shaking my head in amazement at what fools you people are.

As a conservative, I want small, limited government that embraces laissez faire capitalism. Government and business aren’t in bed together under a conservative system; government isn’t taking in huge money from business because government has put itself in the position to make or break any business or any industry which forces businesses to make these giant political payoffs. No, it is YOUR LIBERALISM that guarantees that a giant big government that has all kinds of power can dictate all kinds of influence over business – and that business will therefore necessarily spend billions and billions of dollars to try to influence such an all-powerful government. I know that many Republicans cave in under a system that was “fundamentally transformed” by FDR and government unions running amok in every branch of government; but the fact of the matter is that we conservatives want government influence OUT of business and business’ crony capitalism OUT of government – while you liberals want more of both.

Lastly, Barack Obama has taken more money from Wall Street than ANYBODY in the history of politics. You know, the most liberal Senator who became the most liberal president.

Wake up and grow up, YouSay.

Let me take a moment to elaborate.

Barack Obama handpicked Jeffrey Immelt, the CEO of General Electric, as one of his senior economic advisers.  And not only is G.E. subsidiary NBC shockingly biased to the left (with cousin MSNBC being even more shockingly liberally biased), but G.E. has taken every crony capitalist advantage of the numerous liberal government regulations (such as the new government ban on cheap incandescent bulbs) to make itself rich.  G.E. has also taken extensive advantage of Obama’s green energy bullcrap to produce billions in nearly useless green gizmos at massive taxpayer-subsidized expense.  And on top of that Obama’s economic adviser paid ZERO taxes and sent one-fifth of its jobs to China.

I know, I know.  How “conservative” of Obama.

So what else did “conservative” Obama – who only cares about little people and not at all about great big giant companies or filthy rich donors – do?

He gave $535 million to one of his donors to piss away before going bankrupt.  And of course the Obama regime also structured the loan in such a way that the American people would end up holding the bag rather than Obama’s friends.

Wow!  Obama must be a conservative Republican!  No one else would ever do anything like that!

Then there’s the recently revealed fact that Jon Corzine decided – very much like the liberal he is – that he could make better use of $630 million in investor money without their knowledge or consent than the investors could.

Jon Corzine ripped a bunch of little people off, pure and simple.  Jon Corzine created the fourth largest bankruptcy in American history.

And what had Obama said about this arrogant little weasel?

Here’s what Mr. Obama said in October 2009 while stumping for Mr. Corzine’s re-election bid as the Democratic governor of New Jersey:

“You’ve had an honorable man, a decent man, an honest man, at the helm of this state. … He’s fought for what matters to ordinary folks.”

“People…say, ‘You know, I was saving up all my life. …. Suddenly, because of this financial crisis, I may have to go back to work.’ “

“Jon knows these are challenging times. This is why he got into public service. He didn’t do it for the paycheck.”

“This crisis…came about because of the same theories, the same lax regulation, the same trickle-down economics that the other guy’s party has been peddling for years.”

“Jon’s got the mop and he’s cleaning up after somebody else’s mess.”

“One of the things you’ve got in Jon Corzine is somebody who tells it to you straight,” Mr Obama said.

Obama vice president Joe Biden said even more:

“I literally picked up the phone and called Jon Corzine and said Jon, what do you think we should do,” Biden said. “The reason we called Jon is that we knew that he knew about the economy, about world markets, how we had to respond, unlike almost anyone we knew. It was because he had been in the pit — because he had been in the furnace. And we trusted his judgment.”

Well, that’s got to be proof-positive that Barack Obama and Joe Biden are a pair of evil conservatives.   Surely only a conservative would stand behind a man who would steal hundreds of millions of dollars from little people.

Either that or all of the bumper sticker slogans that stand in stead of liberal “thought” are totally full of crap, that is.

Then there’s the factoid about the Wall Street “fatcats”:

The largest banks are larger than they were when Obama took office and are nearing the level of profits they were making before the depths of the financial crisis in 2008, according to government data.

Wall Street firms — independent companies and the securities-trading arms of banks — are doing even better. They earned more in the first 21/2 years of the Obama administration than they did during the eight years of the George W. Bush administration, industry data show.

So Obama is publicly denouncing Wall Street “fatcats” and claiming to stand with the little guy against said fatcats while in reality he’s rewarding them four times more than Bush ever did.  A very “conservative” thing to do for a mindless liberal imbecile, I might add.  Which only adds to the confusion surrounding the fact that for some reason these selfsame Wall Street fatcats gave Obama more campaign money in 2008 than they had ever given to any presidential candidate in the history of the planet:

The audacity is breathtaking.

The president has raised more money from Wall Street through the Democratic National Committee and his campaign account than any politician in American history. This year alone, he has raked in more cash from bank employees, hedge fund managers and financial services companies than all Republican candidates combined.

Even poor Mitt Romney was outraised by the Obama money machine at his former employer, Bain Capital, by a margin of 2 to 1.

It is a campaign operation whose wheels are greased by Wall Street bundlers like MF Global former chief, Jon Corzine. These financiers are so good at what they do that the Center for Responsive Politics reports that Obama’s Wall Street fundraising will “far surpass 2008 in terms of raw dollars and as a percentage of what he raises overall.”

That’s saying a lot considering that Obama’s “Hope and Change” campaign in 2008 raised more money from the financial community than any other politician in American history.

According to Reuters, Wall Street accounted for 20 percent of the president’s campaign funds because of a massive cash haul from Goldman Sachs, AIG, Morgan Stanley, JP Morgan Chase, Bank of America and Citigroup.

You can start to understand why I have such naked contempt for liberals.  Every single thing they believe is nothing more than a self-serving, self-righteous hypocrite lie.

Take yet another example that is currently going on all around us: the “99 percenters versus the 1 percenters.”  Just how stupid is that?  I, for one, earn nowhere NEAR $250,000 a year.  And yet I am hardly with those Occupy morons – just as the vast majority of the nation is not with them.  On the other hand, look who IS with them and tell me if you actually believe that the American Nazi Party represents 99 percent of the American people.

Again, as a conservative, I don’t want a government so big and powerful – and having so much power to tax and regulate and make or break – that businesses must kowtow to such a government and attempt to bribe their way to favors.  That’s what liberals want.  They’re the ones who want an all-powerful government that doles out benefits and decides who wins and who loses.  They’re the ones who created the present favoritism-based patronage system in the FDR years.  And they’re the ones who are fighting the “good fight” to ensure that that patronage system doesn’t change one iota.

Wake up and grow up, Democrats. And stop spouting your demagogic Marxist class-warfare lies. Because the actual facts point a damning finger at YOU.

Update 4/23/12: Just to further document how incredibly corrupt Barack Obama is, Jon Corzine is STILL bundling campaign cash for him.

AP-Reported FACT: U.S. Economy The Worst Since The LAST Time We Let A Socialist Run It

July 11, 2011

The Los Angeles Times print edition ran this story on July 2 under the considerably more Marxist headline, “Wealthy benefit from recovery as workers struggle“:

U.S. Recovery’s 2-Year Anniversary Arrives With Little To Celebrate
First Posted: 07/ 1/11 05:33 PM ET Updated: 07/ 1/11 05:33 PM ET

WASHINGTON (AP) — This is one anniversary few feel like celebrating.

Two years after economists say the Great Recession ended, the recovery has been the weakest and most lopsided of any since the 1930s.

After previous recessions, people in all income groups tended to benefit. This time, ordinary Americans are struggling with job insecurity, too much debt and pay raises that haven’t kept up with prices at the grocery store and gas station. The economy’s meager gains are going mostly to the wealthiest.

Workers’ wages and benefits make up 57.5 percent of the economy, an all-time low. Until the mid-2000s, that figure had been remarkably stable — about 64 percent through boom and bust alike.

[…]

But if the Great Recession is long gone from Wall Street and corporate boardrooms, it lingers on Main Street:

Unemployment has never been so high — 9.1 percent — this long after any recession since World War II. At the same point after the previous three recessions, unemployment averaged just 6.8 percent.

The average worker’s hourly wages, after accounting for inflation, were 1.6 percent lower in May than a year earlier. Rising gasoline and food prices have devoured any pay raises for most Americans.

The jobs that are being created pay less than the ones that vanished in the recession. Higher-paying jobs in the private sector, the ones that pay roughly $19 to $31 an hour, made up 40 percent of the jobs lost from January 2008 to February 2010 but only 27 percent of the jobs created since then.

[…]

Hard times have made Americans more dependent than ever on social programs, which accounted for a record 18 percent of personal income in the last three months of 2010 before coming down a bit this year. Almost 45 million Americans are on food stamps, another record.

[…]

Because the labor market remains so weak, most workers can’t demand bigger raises or look for better jobs.

“In an economic cycle that is turning up, a labor market that is healthy and vibrant, you’d see a large number of people quitting their jobs,” says Gluskin Sheff economist Rosenberg. “They quit because the grass is greener somewhere else.”

Instead, workers are toughing it out, thankful they have jobs at all. Just 1.7 million workers have quit their job each month this year, down from 2.8 million a month in 2007.

The toll of all this shows in consumer confidence, a measure of how good people feel about the economy. According to the Conference Board’s index, it’s at 58.5. Healthy is more like 90. By this point after the past three recessions, it was an average of 87.

How gloomy are Americans? A USA Today/Gallup poll eight weeks ago found that 55 percent think the recession continues, even if the experts say it’s been over for two years. That includes the 29 percent who go even further — they say it feels more like a depression.

Allow me to start with the second paragraph in the story:

“Two years after economists say the Great Recession ended, the recovery has been the weakest and most lopsided of any since the 1930s.”

The weakest and most lopsided of any recovery since the 1930s, you say???

WHO WAS PRESIDENT IN THE 1930s?  WHICH PARTY DOMINATED BOTH THE HOUSE AND THE SENATE IN THE 1930s?

And next let me ask you, “Are there any similarities between socialist Democrat Franklin Delano Roosevelt and socialist Democrat Barack Hussein Obama???  And the answer is, “HELL YES THERE ARE!!!”:

Which is to say, “This is the worst the U.S. economy has ever been since the LAST time we had a socialist just like FDR – and the mainstream media proudly hailed Obama as FDR and Obama’s as a NEW “New Deal.”

But here’s the truth:

FDR prolonged — not ended — great depression

Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt. After scrutinizing Roosevelt’s record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.

”Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump,” said Ohanian, vice chair of UCLA’s Department of Economics. ”We found that a relapse isn’t likely unless lawmakers gum up a recovery with ill-conceived stimulus policies.”

In an article in the August issue of the Journal of Political Economy, Ohanian and Cole blame specific anti-competition and pro-labor measures that Roosevelt promoted and signed into law June 16, 1933.

[…]

”The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes,” Cole said. ”Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”

And of course all the “experts” the mainstream media love to trot out have all bought hook, line and sinker the notion that capitalism is something to be loathed and feared.  So they demand that America pursue asinine government stimulus policies that fail even by the “experts'” own standards, and then these same “experts” proceed to argue that the economy failing to recover somehow is proof that more of the same thing that already failed is necessary.

These “experts” whom the mainstream media give a loud microphone to to espouse their socialist views are pathologically incapable of seeing this connection between socialist policies and an economy in the doldrums.  Every bit of negative economic news is invariably “unexpected” (liberals favorite adjective to wave a hand at bad economic developments whenever a Democrat president is in charge), because these “experts” cannot separate the inevitable results of their ideology from their terribly failed ideology.  There has to be a disconnect, or more commonly, a scapegoat.

I can simply re-cite my conclusion from a previous article to find a particularly laughable example of this phenomena:

I think of the Soviet Union, which literally blamed the total failure of their entire political philosophy and the ruinous policies that philosophy entailed by claiming that their agricultural output had been adversely affected due to 72 years of bad weather.  And the Soviet Union has gone the way of the Dodo bird for that very reason.

Is America under Obama the next Dodo bird to fall apart while we’re assured that everything is fine while some suitable scapegoat bears the blame for every failure that can’t be ignored???

It couldn’t be the fact that socialism is nothing more than state-planned economic failure.  It had to be something else, ANYTHING else.

The Big Brother from the novel 1984 had Emmanuel Goldstein.  The Big Brother who is now occupying our White House has George W. Bush.

The next obvious question to ask and answer is, “Why are the wealthy benefitting while the workers struggle?”

The answer is twofold: 1) because when you attack the employers, the first thing to go is the employees and 2) because that’s exactly how crony capitalism works.

There is a magnificent book entitled, New Deal Or Raw Deal?  How FDR’s Economic Legacy Has Damaged America, which should be required reading.  Burton Folsom Jr. points out that when FDR structured his many policies and regulations that strangled economic growth, he did so in such a way that favored the big crony capitalist corporations at the expense of the smaller businesses that could no longer compete given the costly regulatory requirements.  The smaller businesses were forced out of the market while the big businesses protected themselves with insider deals based on access to and influence with the government that only they could afford.  And there is no question whatsoever that – even as FDR employed the class warfare of socialism – the rich got richer while the poor got poorer.  Income tax revenues plunged as the wealthy sheltered their wealth from the high tax rates and the poor paid an increasingly high overall percentage of tax revenues via excise taxes.  Regulations mandating higher pay for workers priced those workers right out of their jobs.  Folsom provides the official data to back it up.

Check out this fact from page 127 of New Deal or Raw Deal?:

In 1929, prior to FDR demonizing the rich, income taxes accounted for 38% of total revenue collected, and corporate income taxes accounted for 43%.  Excise taxes which burdened the poor only counted for 19% of revenues.  By 1938, the rich and the corporations had protected themselves from FDR’s demagogic tax policies (but the poor couldn’t), such that the only 24% was collected in income taxes (versus 38%) and only 29% from corporate income taxes (versus 43%).  Meanwhile the poor-punishing excise taxes (e.g. gasoline tax) soared from 19% to 47% of the total taxes collected.  Meanwhile, when income taxes were kept low, the wealthy invariably paid FAR MORE in the total tax revenue as they put their money out to invest in and expand the economy in pursuit of the profits.  And they created millions of jobs in doing so.

And guess what?  Regulations mandating higher wages are STILL killing jobs now that Obama is doing it.

And the exact same mindset is yielding the exact same results ALL OVER AGAIN.  Obama has put the fear of God (actually the fear of the Soviet-style STATE) into the wealthy and the corporations.  They keep hearing Obama demagogue them, and they keep sheltering their money.  And they will CONTINUE to keep doing that until the threat of Obama is gone.  Just like they did with FDR.

Here we are today, with “the New FDR,” Barack Obama.  Who is the top dog on Obama’s economic team?  Why lo and behold, it is none other than GE CEO Jeffrey Immelt, crony capitalist extraordinaire whose big corporation has REPEATEDLY benefitted from a cozy insider relationship with big government.  And consider how Obama literally took big auto makers GM and Chrysler away from their legitimate shareholders and gave them to big unions.

Regarding “crony capitalism,” I made a sweeping statement in a previous article:

That said, there is also a deliberate and fundamental misunderstanding of fascism by the left.  If you read leftists, you come away thinking that somehow “fascism” is the takeover of a state by corporations. But stop and think: Hitler, Himmler, Eichmann, Hess and all the other key Nazis WEREN’T corporate CEOs who took over the state; THEY WERE SOCIALIST POLITICIANS WHO TOOK OVER THE CORPORATIONS.  They usurped the corporations and FORCED them to perform THEIR agenda.  They either performed the Nazis’ will or they were simply taken away from their rightful owners and nationalized.

And to the degree that German crony capitalist corporations helped Hitler in his rise to power, THEY WERE JUST MORE USEFUL IDIOTS.

The same sort of takeover of German corporations by socialists is building in America.  Take Maxine Waters, a liberal Democrat, as the perfect example.  What did she say of the oil companies?

“This liberal will be all about socializing … uh uh … would be about … basically … taking over … and the government running all of your companies.”

THAT’S what Hitler did, too.  Hitler got this power through regulations that required corporations to do his bidding, just like Obama has now REPEATEDLY done.

And then consider how willing Maxine Waters used “crony capitalism” (which is the essence of developing fascism) to directly personally benefit even as she shaped the banking industry.

The Democrat party is the party of socialism.  It is the party of Marxism.  It is the party of fascism.

I stand by that sweeping statement.  People need to realize that “Nazi” stood for “National SOCIALIST German Workers Party,” and that both Nazi socialism and Soviet socialism were big government socialist tyrannies that failed their people.  As to our own experiment with socialism here in the USA, I point out in an article that explains how “Government Sponsored Enterprises” Fannie Mae and Freddie Mac policies led us into economic implosion in spite of warnings for YEARS prior to the 2008 economic collapse:

But rigid opposition from Democrats – especially Democrats like Senator Barack Obamawho took more campaign money from Fannie and Freddie and dirty crony capitalism outfits like corrupt Lehman Bros. than ANYONE in his short Senate stint – prevented any “hope and change” of necessary reform from saving the US economy.

The timeline is clear: Fannie Mae and Freddie Mac were giant behemoths that began to stagger under their own corrupt weight, as even the New York Times pointed out:

Fannie Mae and Freddie Mac are so big — they own or guarantee roughly half of the nation’s $12 trillion mortgage market — that the thought that they might falter once seemed unimaginable. But now a trickle of worries about the companies, which has been slowly building for years, has suddenly become a torrent.

And it was FANNIE and FREDDIE that collapsed FIRST before ANY of the private investment banks, which collapsed as a result of having purchased the very mortgaged backed securities that the Government Sponsored Enterprises SOLD THEM.  It wasn’t until Fannie and Freddie collapsed that investors began to look with horror at all the junk that these GSE boondoggles had been pimping.

The man who predicted the collapse in 1999 wrote a follow-up article titled, “Blame Fannie Mae and Congress For the Credit Mess.”  It really should have read, “Blame DEMOCRATS.”  Because they were crawling all over these GSEs that they had themselves created like the cockroaches they are.  But Wallison is nonpartisan

Barack and Michelle Obama have a documented personal history of crony capitalism:

The Chicago way is a very, very ugly way.  And Obama has been in it up to his eyeballs.  Chicago is a dirty place filled with dirty politicians – and Obama was perfectly at home with all the dirt.

That Chicago corruption extends right into Obama’s home, by way of his wife Michelle.  This is a woman who sat on high-paying boards in direct quid-pro-quo consequences of Obama advancing in public office.  And in some of those boards, she participated in the worst kind of hospital patient-dumping.

Here’s a video of Michelle Obama you ought to watch – if you can stand the revelations:

Too bad we voted to nationalize the Chicago Way.

I also pointed out that when you attacked employers, the ones who would be hit the most and the hardest would be EMPLOYEES.

Take a look at what’s happening to small businesses, which create at least half of all the jobs in America, under Obama.  How about the fewest new business startups since the Bureau of Labor Statistics began tracking it:

Through the 12 months ended in March of last year, 505,473 new businesses started up in the U.S., according to the latest data available from the Bureau of Labor Statistics. That’s the weakest growth since the bureau started tracking the data in the early 1990s. It’s down sharply from the record 667,341 new businesses added in the 12 months that ended in March 2006.

And we can tie this right back to crony capitalism, as Obama has created a system in which larger businesses are protected against the threat of competition from smaller businesses:

Many times large corporations will even lobby for more regulations  for their  own industry because they know that they can handle all of the  rules and  paperwork far easier than their smaller competitors can.   After all, a  large corporation with an accounting department can easily  handle filling out a  few thousand more forms, but for a small business  with only a handful  of employees that kind of paperwork is a major  logistical nightmare.

When it comes to hiring new employees, the federal government has  made the  process so complicated and so expensive for small businesses  that it is  hardly worth it anymore.  Things have gotten so bad that more  small  businesses than ever are only hiring part-time workers or  independent  contractors.

So what we actually have now is a situation where small businesses  have lots of incentives not to hire more workers, and if they really do need some extra help the rules make it much more profitable to do  whatever you can to keep from bringing people on as full-time   employees.

And who do all these rules and regulations hurt the most but the very people Democrats cynically and deceitfully claim they are trying to help?  Meanwhile, who does it help the most but the crony capitalist corporations who DON’T do most of the hiring in America who can profit from Obama’s war on business that results in the destruction of their small business competition.

A recent report by the National Federation of Independent Business points out that small businesses are planning to SHRINK rather than EXPAND their payrolls under Obama.  From the New York Times:

A Slowdown for Small Businesses
By CATHERINE RAMPELL
Published: June 14, 2011

In the latest sign that the economic recovery may have lost whatever modest oomph it had, more small businesses say that they are planning to shrink their payrolls than say they want to expand them.

That is according to a new report released Tuesday by the National Federation of Independent Business, a trade group that regularly surveys its membership of small businesses across America.

The federation’s report for May showed the worst hiring prospects in eight months. The finding provides a glimpse into the pessimism of the nation’s small firms as they put together their budgets for the coming season, and depicts a more gloomy outlook than other recent (if equally lackluster) economic indicators because this one is forward-looking.

While big companies are buoyed by record profits, many small businesses, which employ half of the country’s private sector workers, are still struggling to break even. And if the nation’s small companies plan to further delay hiring — or, worse, return to laying off workers, as they now hint they might — there is little hope that the nation’s 14 million idle workers will find gainful employment soon.

“Never in the 37-year history of our company have we seen anything at all like this,” said Frank W. Goodnight, president of Diversified Graphics, a publishing company in Salisbury, N.C. He says there is “no chance” he will hire more workers in the months ahead.

“We’re being squeezed on all sides,” he says.

So let me ask again the question that the Los Angeles Times phrased: “Why are the wealthy benefitting from the ‘recovery’ as workers struggle?

And the answer is simple: because Barack Obama and the Democrat Party are socialist who have destroyed the engine that creates the jobs that workers depend upon to flourish.

An interesting fact is that businesses are now forced to spend $1.7 TRILLION a year in regulatory compliance costs.  That is a massive hidden tax on their viability; it exceeds the overt income taxes businesses have to pay, and it most certainly exceeds their profits.  And right now Obama is attacking them via the Dodd-Frank regulatory legislation, via the EPA, via OSHA, via ObamaCare and via the ridiculous actions of the NLRB in addition to their tax burden.  Just to name a few.  The result is businesses terrified to expand and further place their necks under Obama’s axe blade.

Meanwhile, Obama’s socialist policies have not only devastated the worker by destroying his jobs, but they’ve ruined America on numerous other levels, too.  Take the housing crisis – which was THE cause of the economic implosion of 2008.  Did Obama make it better?  Well, here’s a headline for you from CNBC: “US Housing Crisis Is Now Worse Than Great Depression.”  Which is to say that Democrats – who first created the housing crisis by refusing to allow the regulation of their pet socialist wealth redistribution agencies Fannie Mae and Freddie Mac – took something awful and turned it into an American Dream-massacring nightmare.

The latest job figures simply further document my point: Obama is destroying America job by job.  Not only did the unemployment rate go up to 9.2% (Obama promised the American people that the unemployment rate would be 7.1% by now if he got his massive government-spending stimulus); not only were the previous two month figures adjusted DOWNWARD by some 45,000 jobs; not only have a third of the unemployed been unemployed for at least a YEAR with fully half of the unemployed having been unemployed for over six months (which is unprecedented); not only did the economy create an incredibly dismal 18,000 jobs (versus the 100,000 the economists naively expected); but a quarter million more people simply walked away from the workforce entirely – abandoning any hope that Obama will do anything more than crush their hopes of finding a job.

Anthony Weiner A Too-Typical Liberal Bureaucrat: A Pervert With No Marketable Skills Whatsoever

June 21, 2011

One of the reasons it took twenty days for Rep. Anthony Weiner to resign when it didn’t take much more than twenty minutes for Speaker Boehner to demand Rep. Chris Lee’s resignation turned out to be the hold-up of some kind of job for him.

Here are the facts:

Want to know a primary reason that thus far Weiner is refusing to quit  despite the calls for him to do so from House Minority Leader Nancy Pelosi, DNC  Chairwoman Debbie Wasserman Schultz, NY Rep. Steve Israel, chairman of the House  Democrats’ campaign committee and others?  A big reason is he simply cannot  afford to. His world has been turned upside down overnight, and the nation’s  politicians are incensed by it – but it really comes down to the fact that his finances  don’t lend many options right now.

As The NY Post reported “Weiner doesn’t have a business or even a law degree  to fall back on. He made $156,117 in 2010, and owes between $10,000 and $15,000  on his American Express card according to his most recent financial-disclosure  forms.” Anthony Weiner, the man, has never had another job since starting in  politics at the age of 21 in 1985. The future career possibilities for the 46  year old “object” Anthony Weiner aren’t too bright these days.

We are talking about a man who has never held a private sector job in his entire life.

Michelle Malkin has more to say about this:

Last year, the now-jobless Weiner joked on former roommate Jon Stewart’s cable comedy show that he didn’t “have a lot of marketable skills.” It’s one of Weiner’s rare truthful utterances over the past year.  A protégé of fossilized New York Sen. Charles Schumer, Weiner has spent the last 20 years in politics – straight out of college to the present. Through seven consecutive congressional terms, he has stridently advocated job-killing policies in the name of the working class. About which this ruling-class elitist knows nothing.

But it turns out Weiner DOES have one highly marketable skill: he is a rarefied pervert.  And in a degenerate world of pornography (a gift of liberals and liberal judges who said they couldn’t tell the difference between “art” and “porn” no matter how much of it they watched), being the level of sexual pervert that Weiner clearly is DOES have value:

Anthony Weiner Gets Offer From Larry Flynt to Work For His Hustler Empire in Beverly Hills

So I’m sure Weiner will be fine doing what he loves for fellow Democrat Larry Flynt.  Together they can continue to work for “liberal values.”  Such as LYING.

But here’s the thing.

Anthony Weiner was one of THE leading voices of the Democrat Party and THE voice for liberal values.  Bill O’Reilly demonstrated that the real loser in this Weinergate scandal is liberalism; they lost their star voice.  He debated with two liberals who couldn’t come up with anybody better than also-utterly-disgraced Rep. Charlie Rangel.  Even über über liberal Rachel Maddow says Weiner’s resignation will hurt the Democrat Party “probably for a generation.”

And who is this voice of liberalism?  An arrogant perverted punk who has spent his entire life on the taxpayer dole and who has absolutely no redeeming quality whatsoever in the world he demanded to have the power to regulate and then regulate some more.

I have pointed this out before: why on earth would any decent American want a Weiner running their lives???  Why would anyone but the worst fool imaginable want a guy like Anthony Weiner – who is not only a lying pervert but who literally is utterly USELESS in the real world – writing the laws that will control our economy and our lives???

Which just gets more to the point: if you vote for Democrats, you are a true fool indeed.

Michelle Malkin wrote a brilliant chapter in her book, Culture of Corruption.  It details how liberals make incredibly lucrative careeers moving from politics (either in elected office or as staffers) to crony capitalism (as lobbyists or in firms that want to schmooze politicians).  Michelle Obama is an example of this, as is Rahm Emanuel, as is Valerie Jarrett.  Crony capitalism is nothing more than fascism in waiting.  These people get rich gaming the system even as they corrupt and rot the system from within like leeches.

US Is in Even Worse Shape Financially Than Greece. And Why Is That In The Age Of Obama???

June 14, 2011

Thanks for “fundamentally transforming” our economy, Barry Hussein!

We’re constantly being told that Obama has done a great deal to make our economy stronger.  Because who wouldn’t rather have 9.1% unemployment than that 7.6% that Obama started out with.

The thing that most killed the US economy in 2008 was the sheer weight of godawful subprime mortgages that Democrats imposed on Fannie Mae, Freddie Mac and all the other mortgage lenders in order to create more “fairness” and allow everyone (especially racial minorities) to have “the right” to own a home whether they could actually afford to do so or not.  Fannie Mae and Freddie Mac were “Government Sponsored Enterprises,” all the investors knew.  So even as Fannie and Freddie began bundling together thousands of riskier and ever riskier mortgages into giant mortgage backed securities to advance Democrat-enacted policies, large investment houses continued to gobble them up.  After all, this was an arm of the United States Government – and the United States Government ALWAYS pays its debts.

Like all scams, it worked for a while.  But as soon as there was a correction in the dramatically overvalued housing market, the whole boondoggle began to implode.  And since Fannie and Freddie had bundled all kinds of bad mortgages in with the good ones, there was absolutely no way for anyone to know how much risk was contained in any of these giant investment vehicles all these giant private banking houses found themselves holding.

And suddenly the perception that Government Sponsored Enterprises Fannie Mae and Freddie Mac were “safe investments” turned into a “misperception.”  And the fecal matter began to hit the rotary oscillator bigtime.

Fannie and Freddie were the first to collapse.  The big private players who had played ball with them shortly followed.

President George Bush tried SEVENTEEN TIMES to reform Fannie and Freddie when there was actually a chance to do something.  Go back to what the New York Times stated in 2003:

WASHINGTON, Sept. 10—  The Bush  administration today recommended the most significant  regulatory  overhaul in the housing finance industry since the savings  and loan  crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new   agency would be created within the Treasury Department to assume   supervision of Fannie Mae and Freddie Mac, the government-sponsored   companies that are the two largest players in the mortgage lending   industry.

The new agency would have the authority, which now rests with   Congress, to set one of the two capital-reserve requirements for the   companies. It would exercise authority over any new lines of business.   And it would determine whether the two are adequately managing the risks   of their ballooning portfolios.

Republicans were demonized for “deregulation” by the dishonest Democrat Party machine.  But they TRIED to regulate what needed to be regulated.  Democrats stopped them.

Many Republicans like John McCain literally begged Democrats to do something before it was too late.  But Democrats threatened to filibuster any bill that in any way prevented Fannie and Freddie from continuing the reckless economy-killing policies.  Conservative economists such as Peter Wallison had been predicting the Fannie and Freddie boondoggles would cause an economic collapse since at least 1999.  Wallison had warned back then:

 In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980′s.

From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”

But rigid opposition from Democrats – especially Democrats like Senator Barack Obamawho took more campaign money from Fannie and Freddie and dirty crony capitalism outfits like corrupt Lehman Bros. than ANYONE in his short Senate stint – prevented any “hope and change” of necessary reform from saving the US economy.

The timeline is clear: Fannie Mae and Freddie Mac were giant behemoths that began to stagger under their own corrupt weight, as even the New York Times pointed out:

Fannie Mae and Freddie Mac are so big — they own or guarantee roughly half of the nation’s $12 trillion mortgage market — that the thought that they might falter once seemed unimaginable. But now a trickle of worries about the companies, which has been slowly building for years, has suddenly become a torrent.

And it was FANNIE and FREDDIE that collapsed FIRST before ANY of the private investment banks, which collapsed as a result of having purchased the very mortgaged backed securities that the Government Sponsored Enterprises SOLD THEM.  It wasn’t until Fannie and Freddie collapsed that investors began to look with horror at all the junk that these GSE boondoggles had been pimping.

The man who predicted the collapse in 1999 wrote a follow-up article titled, “Blame Fannie Mae and Congress For the Credit Mess.”  It really should have read, “Blame DEMOCRATS.”  Because they were crawling all over these GSEs that they had themselves created like the cockroaches they are.  But Wallison is nonpartisan.

That same New York Times article that said President Bush was trying to reform Fannie Mae and Freddie Mac ended with this demonstration of Democrats standing against necessary reform:

These two entities — Fannie Mae and Freddie Mac —  are not  facing any kind of financial crisis,” said Representative  Barney Frank of Massachusetts, the ranking Democrat on the Financial Services  Committee. ”The  more people exaggerate these problems, the more  pressure there is on  these companies, the less we will see in terms of  affordable housing.”

Representative Melvin L. Watt, Democrat of North Carolina, agreed.

”I don’t see much other than a shell game going on here, moving   something from one agency to another and in the process weakening the   bargaining power of poorer families and their ability to get affordable   housing,” Mr. Watt said.

Why was Barney Frank deceitfully claiming that Fannie and Freddie weren’t facing “any kind of financial crisis”?  BECAUSE REPUBLICANS WERE RIGHTLY WARNING THAT THEY WERE.

Only about a month before the whole Fannie and Freddie boondoggles Democrats had fiercely protected collapsed – taking the entire US economy with it – Democrat Barney Frank was on the record saying THIS:

REP. BARNEY FRANK, D-MASS.: “I think this is a case where Fannie and Freddie are fundamentally sound, that they are not in danger of going under. They’re not the best investments these days from the long-term standpoint going back. I think they are in good shape going forward.”

So we blew up nearly COMPLETELY BECAUSE OF DEMOCRAT POLICIES.  But Democrats along with an ideological mainstream media that is the worse since Joseph Goebbels was the Nazi Minister of Propaganda were ready.  They ran on a platform that it happened while Bush was president, and that therefore Bush was entirely responsible for the thing he tried over and over again to fix while Democrats used their power to block those efforts.

Let me just say “Franklin Raines.”  Raines as Fannie CEO presided over Enron-style accounting policies and got $90 million in his account because of those corrupt policies.  But Raines was the first BLACK CEO of Fannie Mae.  And even though he was a Democrat and a Clinton guy, President Bush lacked the courage to push the “first black Fannie Mae CEO” out.  Which of course is the same reason that the “first black Fannie Mae CEO” didn’t do hard time in prison where he belonged.  “Political correctness” is a demonic device by which liberals protect themselves – usually from going to prison where they ought to go.  He got a sweetheart deal basically so Republicans wouldn’t be accused of being racists by
Democrats who of course call them racists no matter what they do.  My main point is simply that it was Democrats, Democrats, DEMOCRATS who did this to us.

Fannie Mae was well politically-connected Democrats went to make millions as they bounced back and forth between “public” employment where they developed contacts and “private” crony capitalism to get rich.

Here’s the conclusion of New York Times financial markets writer Gretchen Morgenson about DEMOCRAT Jim Johnson:

Morgenson focuses on the managers of Fannie Mae, the government-supported mortgage giant. She writes that CEO James Johnson built Fannie Mae “into the largest and most powerful financial institution in the world.”

But in the process, Morgenson says, the company fudged accounting rules, generated big salaries and bonuses for its executives, used lobby and campaign contributions to bully regulators, and encouraged the risky financial practices that led to the crisis.

And of course DEMOCRAT Jim Johnson who got rich plundering Americans was an OBAMA Democrat.

Morgenson – again a New York Times writer and not someone from Fox News – said of Fannie Mae on Larry Kudlow’s CNBC program on Monday, June 13: “Whatever Fannie Mae did, everybody else followed.”  And of course they all followed right into an economic Armageddon created by Democrats for Democrats.

But who got blamed?  Republicans, of course.  George Bush and Republicans were to Obama and the Democrats what Emmanual Goldstein was to Big Brother in 1984.  George Bush and Republicans were what the Jews were to Adolf Hitler.  Fascists always need a bogeyman.  And so the people who were truly to blame turned the people who tried futilely to stop them into the scapegoats.  All with the mainstream media’s complicity.

The analogy would be holding the police officer who tried but failed to catch the rapist for the rape of the woman rather than holding the actual rapist who raped her responsible.  But it was easier to say “This is the result of President Bush’s failed Republican policies” than it was to actually explain the facts to an enraged Attention Deficit Disorder-ridden ignorant pop culture – particularly when virtually no one in the biased mainstream media had any intention whatsoever of telling the truth.

Barack Obama – the ACORN community organizer who pushed these very America-killing policies – ran a demagoguing campaign promising to fix everything.

But has he?

How about a great big giant “NOT”???

What has Zero Obama done to fix that housing market that he helped collapse?  How about NOTHING???  After nearly three years of Obama, housing isn’t the worst since 2008; it’s gotten WAY WORSE than 2008 and is the worse since the Great Depression!!!  Obama started out with a terrible plan.  And we have terrible results to show for his terrible plan.  And yet this disgraceful fool actually keeps claiming he’s made things better!!!

Before you read this article, check out the “current account balance” compiled by the CIA.  Ours is a negative figure that dwarfs everyone else’s by so much it’s a joke.  Which is to say that Gross’s assessment is 1000% correct.

US Is in Even Worse Shape Financially Than Greece: Gross
Published: Monday, 13 Jun 2011 | 10:33 AM ET
By: Jeff Cox
CNBC.com Staff Writer

When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday.

Much of the public focus is on the nation’s public debt, which is $14.3 trillion. But that doesn’t include money guaranteed for Medicare, Medicaid and Social Security, which comes to close to $50 trillion, according to government figures.

The government also is on the hook for other debts such as the programs related to the bailout of the financial system following the crisis of 2008 and 2009, government figures show.

Taken together, Gross puts the total at “nearly $100 trillion,” that while perhaps a bit on the high side, places the country in a highly unenviable fiscal position that he said won’t find a solution overnight.

“To think that we can reduce that within the space of a year or two is not a realistic assumption,” Gross said in a live interview. “That’s much more than Greece, that’s much more than almost any other developed country. We’ve got a problem and we have to get after it quickly.”

Gross spoke following a report that US banks were likely to scale back on their use of Treasurys as collateral against derivatives and other transactions. Bank heads say that move is likely to happen in August as Congress dithers over whether to raise the nation’s debt ceiling, according to a report in the Financial Times.

The move reflects increasing concern from the financial community over whether the US is capable of a political solution to its burgeoning debt and deficit problems.

“We’ve always wondered who will buy Treasurys” after the Federal Reserve purchases the last of its $600 billion to end the second leg of its quantitative easing program later this month, Gross said. “It’s certainly not Pimco and it’s probably not the bond funds of the world.”

Pimco, based in Newport Beach, Calif., manages more than $1.2 trillion in assets and runs the largest bond fund in the world.

Gross confirmed a report Friday that Pimco has marginally increased its Treasurys allotment—from 4 percent to 5 percent—but still has little interest in US debt and its low yields that are in place despite an ugly national balance sheet.

“Why wouldn’t an investor buy Canada with a better balance sheet or Australia with a better balance sheet with interest rates at 1 or 2 or 3 percent higher?” he said. “It simply doesn’t make any sense.”

Should the debt problem in Greece explode into a full-blown crisis—an International Monetary Fund bailout has prevented a full-scale meltdown so far—Gross predicted that German debt, not that of the US, would be the safe-haven of choice for global investors.

America is going down because her stupid citizens wickedly voted for corrupt dishonest Democrat fools – the very fools who imploded our economy – to have complete power.  Nancy Pelosi took over dictatorial control in the House of Representatives, and Harry Reid took over the US Senate, in 2006.

Thanks to Obama, America is now worse off than Greece.  But that didn’t stop Obama from offering to bail out Greece.  Maybe it’s because George Soros is Greek; maybe because the American left has always adored the European-style socialism in spite of Thomas Jefferson’s warning that “the comparison of our governments with those of Europe is like a comparison of heaven and hell.”  Maybe because Obama simply WANTS hell for America.  But there you have it.

Republicans acknowledged they failed to live up to their values and spent too much.  But the last Republican budget (Fiscal Year 2007) passed in 2006 had only a $161 billion deficit.  The very next Democrat budget for FY 2008 had a deficit of $459 billion – nearly three times larger than the one they’d demonized Republicans for.  Then their FY-2009 budget dwarfed that deficit with a black hold of red ink deficit of $1.4 TRILLION.  That was more money than any government in the history of the world had ever contemplated.  But Democrats dwarfed that the very next year with a FY-2010 budget with a $1.6 trillion deficit.  And as for FY-2011, the Democrat Congress simply refused to perform its most basic duty of governance and didn’t even bother to pass a budget.  Republicans are now forced to do the last disgraced Democrat-controlled Congress’ job for them – and Democrats are demonizing them for it.

That’s how this game is played.  Democrats are fascist demagogues who shrilly launch into Republicans as they try to save the American people from unparalleled future suffering.  They are people who ROUTINELY demonize, demonize, demonize until THEY are the ones forced to call for the very things they demonized and tried to prevent from happening.  But by the time they react this time, just as before, it will be too late.

Try this on for size: our actual debt isn’t the $14 trillion we constantly hear about; it’s more like $200 trillion.  And even THAT gargantuan number doesn’t take into account the massive debts that all the liberal labor unions have amassed in state pensions (e.g., California’s public pension system has unfunded liabilities of $500 billion).  We cannot possibly hope to pay this – and yet Democrats demand more and more and more, and demagogue Republicans for even trying to cut millions when we need to cut TENS OF TRILLIONS or collapse.

Democrats run ads showing a look-a-like of Republican Rep. Paul Ryan pushing an old lady off a cliff; but they want every single senior citizen to die terribly as the Medicare system completely collapses while they refuse to do anything to fix it – as even Bill Clinton openly acknowledged.

We are going to end like the PIIGS – Portugal, Ireland, Italy, Greece and Spain- because we elected Democrat swine to ensure we perished like pigs.

Greece just got downgraded to the point where they are the lowest-rated currency in the history of the planet.  And it happened yesterday.

When that happens to us it will be the worst nightmare in history.  300 million Americans are going to go into an insanity of panic – and of course the violence will begin with the left.  If you don’t have an arsenal, someone will kick down your door and murder your whole family just to eat the food in your house.  And that hell on earth will be entirely because you trusted Democrats like Anthony Weiner to run your health care, your pension, your economy, your life.

I hope you vote in 2012 like your very LIFE was at stake in these elections.  Because this time it truly is.