I do !!.. I do !!!.. says George.... Barney ... Obama and all of Congress !
NOT ME , Please ..Go T.A.R.P. SOMEONE ELSE !!! You Thieving Federal Imbeciles !
T.A.R.P.ed, tattered, and feathered again. Here it comes. Another sliming, fleecing, and theft, of the
The second 1/2 of the T.A.R.P. program reported by the Washington Post today is being summoned to be released by the Treasury and Bush administration, as early as this weekend. The second half of the $700 Billion plus( rip-off lie) package, backed up by, Paulson, Bush, Barney, McCain, Obama, and most of the entire US Congress, is now trying to be cashed.!!!
The second 1/2 may be requested to be released this weekend. But according to the writing, or mis writing of the bill (that McCain and Obama sat side by side with Bush at a press release) first, is to be requested. Then Congress is to decide within 15 days, to release the funds.
According to the Washington Post, "There have been discussions between the administration and the transition about how to proceed should the president-elect determine that he wants to have those funds available on January 20," said Robert Gibbs, spokesman for President-elect Barack Obama's transition team. "No final decisions have been made, but we want to be ready to act if needed."
Are we kidding? Who is kidding who? Barney, Paulson, and Feds, flushed the first half with a false promise of buying troubled assets, yet Congress might again flush the other 350 Billion down the toilet ?
Even as senior Bush and Obama officials consulted about how to access the rest of monies, Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, unveiled a bill on Capitol Hill aimed at forcing the Treasury to use money in accordance with lawmakers' wishes.
But we all should stop this based on performance of the first 350 billion Dollars. Wasn't the first half to be used to buy up troubled assets? I say no, no, no, no to any more of this ridiculousness!!!. Consumers, that couldn't pay there mortgages fell, and whether right or wrong; the same market principles, should apply universally (Banks, Hedge Funds). Otherwise, the
We already can see initial consequences and distortions of an unaccountable Federal Reserve Banking system. The consequences of a currency, backed by nothing (other than the oxymoron Faith in the US Gov) is lent out at interest rates which is manipulated by people and meetings that have no real accountability. Unclear partnerships between government and business like Fannie Mae, or less clearly accused as Halliburton.
Some of us prefer to pick Government as the evil, and others prefer Corporations evil. But no one can argue that when the two entities have been found partnered; that the outcome is safely stated- unattainable.
Un attainable is humble, more accurate horrific; is that Government has potential to be corrupted by business (Fannie, AIG, Citi, Halliburton,). In reverse is that Business, corrupted or failing only seems to be sustained by Government, intervention (previously mentioned corps to not repeat, and additionally- G.M.- airlines, or any other legacy company that doesn't stand a chance if not for gov. welfare)
The USA Government has assigned, or transferred $350 Billion dollars of your and my money much like a fraudulent conveyance. Now they want to release more.!!!! Or Steal more from you.!!
Besides ripping off us, more importantly, that Congress, has damaged the Concept of Survival of the fittest further, by paying out money to particular institutions, which effectively picks winners and losers. Effectively empowering favored institutions and disadvantaging other institution's.
Another words Congress, pre and post, administrations, have again distorted the natural environment potentially worsening the present financial situation. Instead of letting institutions that may have thrived and moved in on there own to rescue us , have now equally propped up corrupted, non credible entities to thrive.
The Helping (ridiculous) Hand of the Federal Government has potentially now interferedith the possibility of local banks to step in and effectively crushed them in favor of other Banks that even more ridiculously weren't even Banks to bail us out!!!
This TARP slime, rip, has now allowed non Banks (Goldmans, GMAC,etc), to become banks, and allowed standing banks that need to fall (CitiBank) to not fall.
Oh yes and logically of course, I forgot to mention the original or initial subject that has a significant interest in all of this. The mortgage holding Consumer. You and I. This TARPING, has so far done nothing to address a significant party in this transaction. This significant party(you and I) will ultimately be enslaved through the Federal Internal Revenue Service to pay for this. Some bail out. TARPed ,slimed and ripped.!!
Oh yes our savior of change is Coming. Obama.!! Yes it’s great to see a fresh face. A colorful face and, a face, of hope. But his hope for change is clearly becoming more of the same. Spend and print money to bail us out. In fact it is the bail outs and printing of money that have made a dollar bill in 2009 to have the buying power of 4 cents in 1901. Doesn't any one get this? It takes two people instead of one to now pay the bills.
People wrongly blame private business for our poverties. But, Government cannot create wealth. Government only regulates, takes wealth, redistributes ,wealth. If it wasn't for business, government could not even exist. Government gets its paycheck either through the citizens or business. Our wealth will not be given back to us by our future Federal Government. Our future wealth will come from a few innovators and the many laborers producing products that the rest of the world will pay for.
Does any one see that this bail out is not a bail out but it is a rip off ?!!! No one seems to question the overtly and almost unanimous concept that we somehow need to print fake money to kick start the economy? No one is asking how it is possible to print money, that does not exist. No one connects the fact that the Government suspends there check balance creating fake money out of thin air to give us a temporary lift.
Yes we need bridges and highways, but so do any of a hundred third world countries. Just because we need a road does not mean that we can afford to build the road.
Well guess what, you are in dreamland if you think we can still afford that road. It might appear because of the greenback that we can print money and afford that road. But that day is over. We will not realize this until
We ask the world to lend us money at some pre-determined date, lets say a year from now. Well we then pay them back by issuing more Treasuries out of thin air paying back the interest with more paper promises. On and on this goes. This has worked and may continue to work like all ponzi schemes. It will work until we run out of buyers. Just look at Madoff 50 Billion Ponzie for decades.
Our solution seems absent from our political leaders because it is going to be a pain full pill to swallow. Presently the solution seems to be to flood the
Ultimately all entities must produce at least enough to be able to consume. Even the simplest economy of single celled ameba's perish if each cell consumes more than it produces. This is basic biology.
The solution for our future economy is much like our past economy. If we want to survive we need to produce and sell goods the world needs. For those of us that are unable to innovate; please take comfort in the fact that the innovator needs your labor.
Politics aside this Bailout for Corporations is as worthless as it would be a bailout for Consumers.
I ts time to go back to work. As Happy as I or you might be about Obama, please remember history. Not public but personal history. Life does not come to you. Neither will government. Only you (not mommy or daddy or government) can make, create ,or produce your future success.!!!
Please write your Congress man against this TARP and the future inevitable TARPedeos .
Sunday, January 11, 2009
Who wants to Get T.A.R.P. ed Again ?
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