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Economic Fascism Continues: Fed to Buy $1 Trillion in US Treasuries to Inject MORE Liquidity, House Passes Tax on "Bonuses"
Step right up! See, friends, SEE the circus that is government!
Here are the federal reserve guys, doing what they do best, inflating the money supply! http://www.nytimes.com/2009/03/19/business/economy/19fed.html?_r=2&hp
And here is the lovely story of how the federal government is going to "get back" the money given to AIG and then paid to execs for bonuses that the feds ALREADY knew had to be paid!
A 90% tax.
http://www.msnbc.msn.com/id/29771499
Be Seeing You!
More on AIG "Bonus" Controversy: Dodd at First Denies, Then ADMITS He Wrote Loophole
Nothing like an honest politician!
http://www.courant.com/business/hc-aig-dodd-bonus-0319.artmar19,0,228131...
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A Couple Notes About the AIG Bonus Controversy, As Congress Prepares Ex Post Facto Tax to Grab it Back
First, the Obama Admin and his Congressional pals have known about these retention bonuses for months, and even gave AIG $30 billion more while aware of what was coming.
Second, the CEO of AIG was APPOINTED by the government in the fall.
Third, the move to tax the bonuses at 100% runs contrary to a provision in the stimulus bill already passed, a provision added by Christopher Dodd (D-CT), who received over $100,000 in campaign contributions from AIG. Dodd successfully added a provision to the bailout bill that said these kinds of bonuses were off limits from the federales.
Third, plus a little more. This new tax proposal is an ex post facto law, prohibited by, uh, that document called, uh... Um...
Report: Bush Admin Engaged in Torture of "Detainees"
By now, this should not come as surprising news!
http://news.yahoo.com/s/nm/20090316/ts_nm/us_usa_torture_redcross
Be Seeing You!
NAACP Sues over "Racist Predatory Lending" - Glenn Jacobs Comments
Big thanks to Glenn for his thoughts and the link to the story. It's all yours, Glenn:
Of ALL Government Bureaucrats, the CHINESE Offer Warnings and Advice About Devaluation of Dollar and Over-Spending!
They're worried about the Treasury Bills and the devaluation of the Dollar through reckless spending. This coming from a communist government to a supposedly "free" nation's government! Tells ya something about the state of the US economic policy if communists are more free market in their approach than US officials!
Yikes!
Nearly 20% of all MA Earmarks in the $410 Billion Federal Spending Package (ie, THEFT Package) Goes to Kennedy Related Projects
How the people of Massachusetts can look at themselves in their mirrors is a complete mystery.
http://news.yahoo.com/s/ap/20090311/ap_on_re_us/spending_kennedy_legacy
Obama Does What Was Predicted: Signs Exec. Order to Fund with Tax Dollars Fetal Stem Cell Research
Note in this how he doesn't get what "cloning" is. He states that he will not allow "cloning for reproduction". But, as noted in "Live Free or Die", CLONING IS REPRODUCTION! That's simply WHAT IT IS! Uh, duh?
What he means is that no humans will be reproduced through the cloning process unless the intent is to kill them and use them for parts.
Welcome to a Brave New World. Of course, Bill Clinton had the same position. Same as it ever was,
Federal Mileage Tax Gains Steam in Congress, Despite Obama Pledge to Veto
Why not? After all, the Supreme Court recently ruled that Carbon Dioxide is a "pollutant" that can be regulated, the federal gubment hands out all sorts of money for state and federal roads, and oil is evil!
Sure, it's based on faulty science, a faulty view of federal power, and paternalism during a time of economic trouble, but, really, it's a national "crisis" that needs to be addressed, right?
Hey! Hey! The AP Reports a Stunner! The Recession (Um, Read: Depression or, How 'Bout Repression) Could Be BAAD!
NO WAY! Really?
Hey, as you read this, note how they try to make sure they pin the '81-'82 recession (one can go back a heck of a lot further, by the way) to Reagan's economic policies. Of course, the Carter Administration's last budget was in sway for that year. Right now, they DO note that Obama is "inheriting" the "recession" (it will get soo much worse). The key factor will come about three or four years from now, to see the rate and level of recovery. There might not even be any in three years!
Be Seeing You!
Senator Chris "Call-Me-Sandwich" Dodd Moves to Loan FDIC $500 Billion - Only Free Marketeers Predicted It Would Happen
But we're often feeling like Cassandra nowadays.
http://online.wsj.com/article/SB123630125365247061.html
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House Passes Bankruptcy Home Loan Manipulation Bill - Judges Could Start Deciding Loan Terms --
Geez, it seems we're posting a LOT of stories tagged with "Federal-economic" in our categories these days. Funny, that's not what the people who wrote the rules for the federal gubment planned, is it?
Enjoy, Conspirators!
http://news.yahoo.com/s/ap/20090305/ap_on_go_co/mortgages_bankruptcy_24
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The Push Increases: Statists Manipulate and Invent Data to Support Their Unconstitutional Socialized Medicine System
First, there's Barack Obama, opening his "Health Care Summit" (to which precisely ZERO people were invited who might be opposed to statism). He claimed that every thirty seconds a bankruptcy in America was caused by medical expenses. Uh-huh. Riiiiight. (A little reference to the Coz, there.)
http://blogs.abcnews.com/thenumbers/2009/03/medical-bankrup.html
As predicted, FDIC Headed for Insolvency - More Federal Cash Inevitable
Also, watch out for Obama's "health care summit". Dangerous mojo.
Hey, on this FDIC thaaang, you think we might be able to find out the banks that are in trouble? Oh, no, that's right, the SEC made it illegal to talk about banks, lending institutions and investment houses that are in financial distress... Welcome to Oceanea.
http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=alsJZqIFuN3k
Obama Budget Would Impose $5.3 Billion Tax on Oil From Gulf of Mexico... Treasahhhh Sec. Wants to Slam Them for "Global Warming"
Danger, Will Robinson! Danger!
"Illegal" Immigrant Jurisdiction Debate: California Might Begin Setting "Illegals" Free, Claiming Fed Jurisdiction
.. Cash-strapped CA will begin releasing and no longer holding certain non-violent "illegal aliens". The government of CA has determined that the holding of these people for breaches of federal "immigration law" is a federal responsibility. (See "Live Free or Die" for a larger explanation of why immigration is, Constitutionally, a state issue, and free and open borders are best.)
Read on, MacDuff!
http://latimesblogs.latimes.com/lanow/2009/03/california-corr.html
Be Seeing You!
"Conservative" NH Sen. Judd Gregg Implicated in Corruption over Pease Trade Port Funding in NH - Perhaps We've Been Right?
One wonders how long the Republican Party reptiles will take before they get it.
Report: Bush Admin Claimed Extreme Executive Powers for "War" on Terror
Just like Bush said he "had to break the freemarket in order to save it", he evidently thought he had to "break the US Constitution in order to save it".
http://www.bloomberg.com/apps/news?pid=20601103&sid=auOzc.YIBiME&refer=us
Pushing Us Towards Inflationary Breakdown: Fed to Begin Buying "Debt-backed Securities" to Facilitate Loans!
And a note. While on Capital Hill today, Ben Bernanke said he would like ot see higher taxes and socialized medicine. Yep, a guy who really understands economics. The government of the United States of America is caught in a statist political-philosophical paradigm constructed over decades. It is largely economically socialist, with aspects of national socialism (fascism) mixed in. Ben Bernanke's calls will be answered, with higher taxes likely this year and next, and again after that, and with MORE socialized medicine (we already have it with Medicare, Medicaid, SCHIP, and Medicare Part D) and more fascism to continue to crush the private market in health care. Unless something dramatic happens, the US will have socialized all aspects of medicine within ten years.
Homosexual Mass Couples Sue Federal Gubment over Discriminatory Marriage Laws
So, for all those "conservatives" who oppose "gay marriage", is it possible that they can start looking at the general problem of getting government involved in marriage in the first place?
http://apnews.myway.com/article/20090303/D96MBMHG0.html
It's probably not a good idea for those who believe in God to put the state before Him, is it...
Be Seeing You.