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From: Billy 
Newsgroups: misc.survivalism,az.politics,ca.politics,dfw.politics
Subject: Re: Obama's "accomplishments"
Organization: Camp Runamuck
References:  


 
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In article , azjohn  
wrote:

> On 8/4/2012 6:48 PM, Sanders Kaufman wrote:
> >
> > "Gunner Asch"  wrote in message
> > news:84fr18tb85kaifu3t4utigbasokh67gsi9@4ax.com...
> >
> >> What..we conservatives should NOT use
> >> Leftwing Tactics? Why the fuck not?
> >
> > For the same reason you don't try to burn a blister off your hand.
> > It may sound right at Tea Party keggers, but once you sober up you'll be
> > heading to the E.R. - demanding free healthcare.
> >
> Bucky, you are among a small group of people who want everything for 
> free and fuck your own mother.

"When you give food to the poor, they call you a saint. When you ask why 
the poor have no food, they call you a communist."
-Archbishop Helder Camara

-----

Total retirement assets, Americans' second-largest household asset, 
dropped by 22 percent, from $10.3 trillion in 2006 to $8 trillion in 
mid-2008. During the same period, savings and investment assets (apart 
from retirement savings) lost $1.2 trillion and pension assets lost $1.3 
trillion. Taken together, these losses total $8.3 trillion.

The above doesn't include the $9.2 trillion in federal commitment to 
banks as of Oct, 2011.

<http://www.washingtonpost.com/opinions/elizabeth-warren-libor-fraud-expo
ses-a-rotten-financial-system/2012/07/19/gJQAvDnDwW_story.html>
Libor fraud exposes Wall Street's rotten core
On any given day, $800 trillion worth of credit-related transactions are 
linked to Libor rates.

And who can forget the bailout.

U.S. Taxpayers Risk $9.7 Trillion on Bailout Programs
(Dubya already had driven the bail-out to over $7 trillion.)

<http://www.huffingtonpost.com/2012/07/20/elizabeth-warren-libor_n_168953
4.html?utm_hp_ref=business>
Elizabeth Warren: 'Libor Fraud Exposes Rot At The Core Of The Financial 
System'
A little seedier is HSBC's laundry operation.
In the New York Times business section, we read that the HSBC banking 
group is being fined up to $1bn, for not preventing money-laundering (a 
highly profitable activity not to prevent) between 2004 and 2010, a six 
years' long "oops".
<http://www.guardian.co.uk/commentisfree/2012/jul/14/global-financial-fra
ud-gatekeepers>

During the savings-and-loan scandal of the 1980s a scandal whose 
dimensions, by today's standards, seem almost quaint, the banker Charles 
Keating was asked by a congressional committee whether the $1.5 million 
he had spread among a few key elected officials could actually buy 
influence. "I certainly hope so" he replied. The Supreme Court, in its 
recent Citizens United case, has enshrined the right of corporations to 
buy government, by removing limitations on campaign spending. The 
personal and the political are today in perfect alignment. Virtually all 
U.S. senators, and most of the representatives in the House, are members 
of the top 1 percent when they arrive, are kept in office by money from 
the top 1 percent, and know that if they serve the top 1 percent well 
they will be rewarded by the top 1 percent when they leave office.
 - JOSEPH E. STIGLITZ
an American economist and a professor at Columbia University. He is a 
recipient of the Nobel Memorial Prize in Economic Sciences (2001) and 
the John Bates Clark Medal (1979). He is also the former Senior Vice 
President and Chief Economist of the World Bank
<http://www.vanityfair.com/society/features/2011/05/top-one-percent-20110
5>

<http://truthdamntruthandstatistics.blogspot.com/2008/03/corporate-vs-soc
ial-welfare.html>
Corporate vs. Social Welfare
Total welfare spending of this nature was about $63 billion in 2002. For 
some perspective, that¹s about 3 percent of the total federal budget.
The Cato Institute estimated that, in 2002, $93 billion were devoted to 
corporate welfare. This is approximately 5 percent of the federal budget.

To clarify what is and isn¹t corporate welfare, a ³no-bid² Iraq contract 
for the prestigious Halliburton, would not be considered corporate 
welfare because the government technically directly receives some good 
or service in exchange for this expenditure. Based on the Pentagon's 
Defense Contract Audit Agency (DCAA) finding of $1.4 billion of 
overcharging and fraud, I suppose the primary service they provide could 
be considered to be repeatedly violating the American taxpayer. On the 
other hand, the $15 billion in subsidies contained in the Energy Policy 
Act of 2005, to the oil, gas, and coal industries, would be considered 
corporate welfare because no goods or services are directly returned to 
the government in exchange for these expenditures.

<http://www.newsvine.com/_news/2010/12/01/5561019-fed-ids-companies-that-
used-crisis-aid-programs>
Fed ID's companies that used crisis aid programs
WASHINGTON ‹ The Federal Reserve revealed details Wednesday of trillions 
in emergency aid it gave to U.S. and foreign banks and to nonbank 
companies ranging from General Electric to Harley-Davidson during the 
financial crisis.

New documents show that the most loan and other aid for U.S. 
institutions over time went to Citigroup ($2.2 trillion), followed by 
Merrill Lynch ($2.1 trillion), Morgan Stanley ($2 trillion), Bear 
Stearns ($960 billion), Bank of America ($887 billion), Goldman Sachs 
($615 billion), JPMorgan Chase ($178 billion) and Wells Fargo ($154 
billion).

Merrill Lynch was later acquired by Bank of America, while Bear Stearns 
collapsed and was sold to JPMorgan.
Foreign banks that benefited from the Fed's aid included Swiss bank UBS, 
which borrowed more than $165 billion, Deutsche Bank ($97 billion) and 
the Royal Bank of Scotland ($92 billion).

<http://www.washingtonpost.com/opinions/elizabeth-warren-libor-fraud-expo
ses-a-rotten-financial-system/2012/07/19/gJQAvDnDwW_story.html>
Libor fraud exposes Wall Street¹s rotten core
On any given day, $800 trillion worth of credit-related transactions are 
linked to Libor rates.

<http://www.rollingstone.com/politics/news/why-isnt-wall-street-in-jail-2
0110216>
[O]ne has to think carefully about the efficacy of fines as a punishment 
for a defendant pool that includes the richest people on earth ‹ people 
who simply get their companies to pay their fines for them. Conversely, 
one has to consider the powerful deterrent to further wrongdoing that 
the state is missing by not introducing this particular class of people 
to the experience of incarceration. "You put Lloyd Blankfein in 
pound-me-in-the-ass prison for one six-month term, and all this bullshit 
would stop, all over Wall Street," . . "That's all it would take. Just 
once."
------

 I want to be sure that honor is bestowed where honor belongs.

Freefall: America, Free Markets, and the Sinking of the World Economy
<http://www.amazon.com/Freefall-America-Markets-Sinking-Economy/dp/B007SR
WER0/ref=sr_1_2?s=books&ie=UTF8&qid=1344042147&sr=1-2&keywords=Freefall>
by JOSEPH E. STIGLITZ
an American economist and a professor at Columbia University. He is a 
recipient of the Nobel Memorial Prize in Economic Sciences (2001) and 
the John Bates Clark Medal (1979). He is also the former Senior Vice 
President and Chief Economist of the World Bank

p.33
Despite mounting job losses (in the first nine months of 2008, a loss of 
some 1.8 million jobs, with 6.1 million Americans working part-time 
because they could not get a full-time job) and a decrease of 24 percent 
in the Dow Jones average since January 2008, President Bush and his
advisers insisted that things were not as bad as they appeared. Bush 
stated in an address on October 10, 2008, "We know what the problems 
are, we have the tools we need to fix them, and we're working swiftly to 
do so." 

A close look at the fundamentals Obama had inherited on taking office 
should have made him deeply pessimistic: millions of homes were being 
foreclosed upon, and in many parts of the. country, real estate prices 
were still falling. This meant that millions more home mortgages
were underwater‹future candidates for foreclosure. Unemployment was on 
the rise, with hundreds of thousands of people reaching the end of 
recently extended unemployment benefits. States were being forced to lay 
off workers as tax revenues plummeted."' Government, spending under the 
stimulus bill that was one of Obama's first achievements helped‹but only 
to prevent things from becoming worse.

-- 
Welcome to the New America.

or
E Pluribus Unum
Green Party Nominee Jill Stein & Running Mate, Cheri Honkala

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