February 27, 2009 1:48 am NY Times Nick L Comment to NYTimes on Obama a LIAR Feb 27_09_148am
http://community.nytimes.com/article/comments/2009/02/27/us/politics/27web-budget.html?s=1
February 27, 2009 1:48 am
Mr. Obama, spoke of "breaking from a troubled past of profound irresponsibly", yet he is seemingly acting much like his predecessor, regarding irresponsibility, as it relates to continuing the second 1/2 of the TARP program. It is delusional to think that Obama is breaking from the past,atleast regarding handing out tax payer money and bailouts to the very same institutions that previous administrations were guilty of doing. Further he is no less a liar and a thief then previous offenders when he says that he is proud that not a single dollar of the stimulus package was not used for earmarks. When in fact.Barney Frank is quoted as saying he is proud to have received special earmarks.Or that John Kerry from Massachusetts also commented that while he didn't specifically ask for certain earmarks that he was thankful to his colleagues. ....
..So goes the same old drill of government Crime .This is not Change. This is not an honest assessment by Obama of no earmarks. According to Barney Frank John Kerry and the Boston Globe front page yesterday. There still is NO real wording in the 2md 1/2 of the TARP that requires or forces banks to perform in certain ways. Further regarding breaking irresponsibility from the past how can anyone blank out from there vision that Obama is giving money to the same irresponsible institutions that he said he would "brake from the past". This is the biggest rip off to the common man that has ever occurred, in modern History. Yeah some Change ! Here is some words that should never Change --- NEVER TRUST THE FEDERAL GOVERNMENT..Don t rely on the Federal Government. Us folks and citizens of the USA have the power to get us out of this mess. Ignore the president- Hi is a LIAR !!
Signed ,
NickLaudani- Boston, Ma.
Friday, February 27, 2009
Thursday, February 26, 2009
TARP _ 7 Facts youshould know
Did you know that the TARP application is only 2 pages? I mean, is it 2 separate pages with fields on the front and page of each page? Then I found the official TARP form, and all was clear. It is 2 pages with 20 fields to fill out, half of which are things like company name, signatures and contact information!
This got me to research a little more and here are 7 interesting facts about the beloved TARP.
1. Application for banks to receive tax payers money (TARP funds) is only 2 pages while we mail 30+ (at least) page packages each year to pay taxes.
2. No banks provided specific answers to where the TARP money was spent when Associated Press asked 21 banks that got at least $1 billion in TARP money. Some banks just say “I don’t know” (according to wikipedia)
3. Ken Lewis (CEO of Bank of America) wanted to back out of the Merrill Lynch deal and was told by Bernanke and Paulson that BofA had to close the deal. Those two even told Lewis that renegotiating a better price for BofA is not an option (according to Fortune magazine)
4. NY Times is keeping tabs on who is getting TARP funds, while the government doesn’t have a list publicly. (The government does sent out notices, but not when funds are committed. They just let the public know in batches.)
5. Before the Obama administration ever took office, $379.8 billion of the whole TARP fund has already been committed. (see NY Times link)
6. I thought any funds over the first 350 billion was supposed to be voted and approved by congress before the treasury department can use it, but for some reason I never heard of news on that. (I could’ve missed it, so could someone point me to mentions of it?)
7. Last week, Eizabeth Waren of the Congressional Oversight Panel said that the government paid $254 billion for assets that were worth only $176 billion in 2008. So much for making money on these things.
Maybe we should just sit back and relax because it’s not like we can do anything about it anyway. I wonder if they can at least streamline the unemployment application because at least more people can benefit from that. A 2-pager would be nice.
This got me to research a little more and here are 7 interesting facts about the beloved TARP.
1. Application for banks to receive tax payers money (TARP funds) is only 2 pages while we mail 30+ (at least) page packages each year to pay taxes.
2. No banks provided specific answers to where the TARP money was spent when Associated Press asked 21 banks that got at least $1 billion in TARP money. Some banks just say “I don’t know” (according to wikipedia)
3. Ken Lewis (CEO of Bank of America) wanted to back out of the Merrill Lynch deal and was told by Bernanke and Paulson that BofA had to close the deal. Those two even told Lewis that renegotiating a better price for BofA is not an option (according to Fortune magazine)
4. NY Times is keeping tabs on who is getting TARP funds, while the government doesn’t have a list publicly. (The government does sent out notices, but not when funds are committed. They just let the public know in batches.)
5. Before the Obama administration ever took office, $379.8 billion of the whole TARP fund has already been committed. (see NY Times link)
6. I thought any funds over the first 350 billion was supposed to be voted and approved by congress before the treasury department can use it, but for some reason I never heard of news on that. (I could’ve missed it, so could someone point me to mentions of it?)
7. Last week, Eizabeth Waren of the Congressional Oversight Panel said that the government paid $254 billion for assets that were worth only $176 billion in 2008. So much for making money on these things.
Maybe we should just sit back and relax because it’s not like we can do anything about it anyway. I wonder if they can at least streamline the unemployment application because at least more people can benefit from that. A 2-pager would be nice.
Sunday, February 8, 2009
NYTIMES-Feb9 - Obamama threatening catastrophe if we dont act now
“The time for action is now,” Mr. Obama said. “If we don’t move swiftly to put this plan in motion, our economic crisis could become a national catastrophe.”
Really Mr Obama ? why?Just because you say it will be a catastrophe , then therefore it will be ?
Well Why Mr Imperial King ? Nobody, defined as any Democrat or Republican has challenged this premise. !!!
Instead of bickering over a mere 50 billion here or there the Congress doesn't even bother to bicker over the substantive deeper questions.Specifically that question being, What would be so wrong with not acting immediately to pump money into a society that cannot ever pay back this stimulas/spending package?
What about the other alternative to just let the dust settle? What if printing fake money to get people buying cars and houses they cant afford might be afar worse outcome?
What if this printing press bailout only simply continues what the American economy and consumer have been relentlessly doing for the last 20 if not 30 years?
Would it be worse to just let this painful rescission finally bring back down to earth all of the ridiculous bubbles that are at the root of this problem?
Another words please question the idea that the pain of the USA consumption addiction and its withdrawal symptoms might be far better than the Obama idea to pump out so much money that the American Dollar might completely collapse? Remember the only way to fund this continued consumption addiction is to borrow more money !!
Eventually the world is going to start to question lending money to a Bankrupt Country !!!
That will mean goodbye to the USA greenback!!!
Which would be better?Take a couple of years or even perhaps a decade of painful recession or this insane Obama/Polosi/ apocalyptic final end to the USA economy. When the world figures out that our Lending and funding is a gigantic ponzi scheme based on nothing but to quote ,"The Good Faith of the USA Government". then game is over !!!. I think the game is already over. It seems the world appetite for Funding "Change" - "choke" is slowing .We might actually implode within the next 2 years !!!!!!!
Nobody in Congress including the Super Human Obama has offered a real different concept of Change !!! He offers no change. Real Change would be to re -set our economy based on Production. _NOT Consumption. Now thats Change. Really think for a minute. Did our country become the greatest super power ever on the earth by becoming the fattest consumers of Big Macs? Or did we get on top by once being a productivity power house !!!
Does the so called OBAMA genius actually look in the mirror with pride to day that the solution to the over weight donut eating pig is to give him more money to buy more donuts. !!!!!
No way. If the donut eating pig wants to loose some financial weight- it is obvious that the American Fatso simply has to stop buying donuts !!!!
Instead of eating donuts- we need a better way to invent/produce donuts !!!! Thats the only American solution.Its always been the American solution.!!!! We Will Find A Way- But it wont be a rescue from the imperial Federalists. Historically it has never been government that saves us .!!!
We are bankrupt.Let me repeat - WE ARE BANKRUPT!!! We have been here before. And its only been over come by the amazing unprecedented experimental Constitution of the unleashed collective power of the USA individual.!!!No system on earth has what me and you have. Well until this new frightening Fascist philosophy seems to have emerged
We need a reality check. Not a rebate check. And frankly even after we get the rebate check it will never be fixed until we get a reality check, and start producing products and getting back to work !!!!
Governments don t create wealth, they only redistribute it at best and thats very generous of me. Really governments only take wealth. They steal it. Just like this horrific T.A.R.P. proves.
It does not matter if its Republican or Democratic.They are both part of the same machine which seems to be Ok with this newly emerging concept of Federal and Business partnership.
Oh by the way in places like Nazi Germany or Russia this concept is called Fascism .!!!
And so do i need to yank your heads out of the sand and remind you how those Criminal corrupt entities ended ?
My God, Thomas Jefferson was so brilliant -
........."I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -- Thomas Jefferson -- The Debate Over The Recharter Of The Bank Bill, (1809)
That was 200 Hundred years Ago based on 2000 years of Historical study. This concept is a constant. But yet in contrary to our new congress and man of change we must give the government(in bed with the business) our future grand children s hope for not being a slave to the state!!!
Call me crazy...But Thomas Jefferson was far more educated than anybody that is reading this soap box babble of mine !!!!
Really Mr Obama ? why?Just because you say it will be a catastrophe , then therefore it will be ?
Well Why Mr Imperial King ? Nobody, defined as any Democrat or Republican has challenged this premise. !!!
Instead of bickering over a mere 50 billion here or there the Congress doesn't even bother to bicker over the substantive deeper questions.Specifically that question being, What would be so wrong with not acting immediately to pump money into a society that cannot ever pay back this stimulas/spending package?
What about the other alternative to just let the dust settle? What if printing fake money to get people buying cars and houses they cant afford might be afar worse outcome?
What if this printing press bailout only simply continues what the American economy and consumer have been relentlessly doing for the last 20 if not 30 years?
Would it be worse to just let this painful rescission finally bring back down to earth all of the ridiculous bubbles that are at the root of this problem?
Another words please question the idea that the pain of the USA consumption addiction and its withdrawal symptoms might be far better than the Obama idea to pump out so much money that the American Dollar might completely collapse? Remember the only way to fund this continued consumption addiction is to borrow more money !!
Eventually the world is going to start to question lending money to a Bankrupt Country !!!
That will mean goodbye to the USA greenback!!!
Which would be better?Take a couple of years or even perhaps a decade of painful recession or this insane Obama/Polosi/ apocalyptic final end to the USA economy. When the world figures out that our Lending and funding is a gigantic ponzi scheme based on nothing but to quote ,"The Good Faith of the USA Government". then game is over !!!. I think the game is already over. It seems the world appetite for Funding "Change" - "choke" is slowing .We might actually implode within the next 2 years !!!!!!!
Nobody in Congress including the Super Human Obama has offered a real different concept of Change !!! He offers no change. Real Change would be to re -set our economy based on Production. _NOT Consumption. Now thats Change. Really think for a minute. Did our country become the greatest super power ever on the earth by becoming the fattest consumers of Big Macs? Or did we get on top by once being a productivity power house !!!
Does the so called OBAMA genius actually look in the mirror with pride to day that the solution to the over weight donut eating pig is to give him more money to buy more donuts. !!!!!
No way. If the donut eating pig wants to loose some financial weight- it is obvious that the American Fatso simply has to stop buying donuts !!!!
Instead of eating donuts- we need a better way to invent/produce donuts !!!! Thats the only American solution.Its always been the American solution.!!!! We Will Find A Way- But it wont be a rescue from the imperial Federalists. Historically it has never been government that saves us .!!!
We are bankrupt.Let me repeat - WE ARE BANKRUPT!!! We have been here before. And its only been over come by the amazing unprecedented experimental Constitution of the unleashed collective power of the USA individual.!!!No system on earth has what me and you have. Well until this new frightening Fascist philosophy seems to have emerged
We need a reality check. Not a rebate check. And frankly even after we get the rebate check it will never be fixed until we get a reality check, and start producing products and getting back to work !!!!
Governments don t create wealth, they only redistribute it at best and thats very generous of me. Really governments only take wealth. They steal it. Just like this horrific T.A.R.P. proves.
It does not matter if its Republican or Democratic.They are both part of the same machine which seems to be Ok with this newly emerging concept of Federal and Business partnership.
Oh by the way in places like Nazi Germany or Russia this concept is called Fascism .!!!
And so do i need to yank your heads out of the sand and remind you how those Criminal corrupt entities ended ?
My God, Thomas Jefferson was so brilliant -
........."I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -- Thomas Jefferson -- The Debate Over The Recharter Of The Bank Bill, (1809)
That was 200 Hundred years Ago based on 2000 years of Historical study. This concept is a constant. But yet in contrary to our new congress and man of change we must give the government(in bed with the business) our future grand children s hope for not being a slave to the state!!!
Call me crazy...But Thomas Jefferson was far more educated than anybody that is reading this soap box babble of mine !!!!
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