Clipmarks | Bailout Clips

Responding to modern Marxism

Thu, 12 Nov 2009 13:53:41 GMT

clipped by: dl211
clipper's remarks: Every single Democrat in the current majority, including Barack Obama, swore an oath to "preserve, protect and defend" the Constitution. Yet, they absolutely ignore the limitation of power set forth in Article 1, Section 8 of the Constitution. None of the 17 powers enumerated there authorizes the current health-care bills or the cap-and-trade bill, or the bailout, or the stimulus package – all recently passed by the House of Representatives.

When asked by a reporter to identify the constitutional authority for the current health-care bills, Sen. Patrick Leahy said: "We have plenty of authority, why would you say we don't have authority?" Speaker Nancy Pelosi's reply to the same question was: "Are you serious? Are you serious?" Obviously, neither one is "preserving, protecting or defending" the Constitution when they ignore its limitation of congressional power.

Clip Source: www.wnd.com

Responding to modern Marxism

Denial is not that river in Egypt. It seems to be a river that begins in the White House and flows freely through the Democrat Party and the media. The rest of the nation seems to be encouraged by the prospects of reining in the runaway policies Obama's majority is trying to impose.

It is increasingly clear that the battle is no longer between Democrats and Republicans; it is between liberals and conservatives. Since these terms, too, are fuzzy, let's be perfectly clear: The battle is between the people who subscribe to the principles of freedom set forth in our founding documents, and the people who subscribe to the principles of collectivism set forth by Karl Marx.

Tags: marism, obamaism, democratism, too, damn, many, isms

Cloward/Piven Strategy of Economic Recovery

Tue, 10 Nov 2009 17:37:33 GMT

clipped by: dl211
clipper's remarks: Obama adheres to the Saul Alinksy Rules for Radicals method of politics, which teaches the dark art of destroying political adversaries. However, that text reveals only one front in the radical left's war against America. The Cloward/Piven Strategy is another method employed by the radical Left to create and manage crisis. This strategy explains Rahm Emanuel's ominous statement, "You never want a serious crisis to go to waste."

The Cloward/Piven Strategy is named after Columbia University sociologists Richard Andrew Cloward and Frances Fox Piven. Their goal is to overthrow capitalism by overwhelming the government bureaucracy with entitlement demands. The created crisis provides the impetus to bring about radical political change.

Clip Source: www.americanthinker.com

The Cloward/Piven Strategy of Economic Recovery

Using borrowed money for a band-aid bailout of the economy should seem backwards to most people. However, it likely is a planned strategy to promote radical change. Those naively believing that President Obama is simply rewarding his far-left base, and will then move to the political center, must wise up.

The assumption that Obama will need the nation to prosper in order to protect the 2010 mid-term election incorrectly assumes that he esteems free market capitalism. He does not. Rather than win through superior ideas and policies, the Democrat plan for success in the mid-term elections is to win by destroying political opposition.

Tags: cloward, piven, economy, obama, socialism

Health Care Takeover Roll Call Vote — and What GOP Rep. Joseph Cao Got from Obama

Mon, 09 Nov 2009 09:29:59 GMT

clipped by: merrie
clipper's remarks: Well, since he was elected, Cao has backed the S-CHIP expansion, the $108 billion IMF bailout, and the omni-waste spending bill. And he voted to rebuke GOP Rep. Joe Wilson for calling out President Obama on his health care lies.

That is a steep price to pay for Rep. William Jefferson’s removal.

Can’t the GOP do better?

For what it is worth, here is the cheap price the Democrats paid for Cao’s vote:

Louisiana Congressman Anh “Joseph” Cao on Sunday morning released a statement after he voted as the only Republican in favor of the Democratic health care reform bill.

The health care reform bill, dubbed the “Affordable Health Care for America Act” (H.R. 3962), passed the U.S. House of Representatives in a 220 " 215 vote.

“Tonight, I voted to keep taxpayer dollars from funding abortion and to deliver access to affordable health care to the people of Louisiana,” Cao said in a statement released by his office. “I read the versions of the House

Clip Source: michellemalkin.com

The final 220-215 roll call vote on passage of the House Dems’ government health care takeover bill is here.

And here is the 240-194 roll call vote on the Stupak amendment to extend the ban on federal abortion subsidies to Obamacare/Pelosicare.

Thanks to Doug Powers for filling in while I spoke at the Foundation for Life event in Sugar Land, Texas tonight. What an incredible juxtaposition it was — meeting and talking with the true agents of Hope and Change, the true guardians of innocent life, and the true advocates for women and children outside the Beltway as the Democrat majority inside the Beltway rammed the massive, job-killing, high-taxing, bureaucracy-multiplying, generational debt-piling health care monstrosity down America’s throat.

One Republican voted for Pelosicare: GOP Rep. Anh (Joseph) Cao of Louisiana.

Yes, he’s the one who took over corruptocrat Democrat William Jefferson’s seat.

I had reservations about him on election night because of his soft-on-immigration views.

Tags: 0bama hustling taxpayer $$$, gop rep. joseph cao, health care, organizing for america, pelosi/0bamacare

Drowning in Debt

Sun, 08 Nov 2009 01:12:41 GMT

clipped by: sahara
clipper's remarks: This is from Ross Perot's site (remember him?). One of the comments at the site that I thought was really good:
"Our dollar is backed by faith, how much faith is left? Sheesh, they’re going to run out of paper, granted it’s all electronic transfer so maybe not. But man, I just don’t see how catastrophic inflation isn’t a forgone conclusion at this point."

Clip Source: perotcharts.com

Between September and October 2008, the Total U.S. National Debt increased by nearly one trillion dollars, or about 10% of the outstanding debt. Most of this increase is due to public borrowing to finance the Wall Street Bailout plan. The additional borrowing on top of the mandatory increases in programs such as Social Security (which will increase payout by 5.8% in January of 2009) represents a significant loss in financial flexibility which makes the problem of persistent deficit spending even more difficult to solve.

Clip Source: www.treasurydirect.gov

The Debt to the Penny and Who Holds It

Current

11/05/2009

Debt Held by the Public

7,588,138,019,547.78

Intragovernmental Holdings

4,402,423,425,281.70

Total Public Debt Outstanding

11,990,561,444,829.48

Clip Source: perotcharts.com

¹ The U.S. Treasury Department publishes the debt to the penny daily at Treasury Direct around 11:30am ET. The most recent number is shown here.

Total Debt Outstanding¹

$11,990,561,444,829.50

Goldman Sachs Get Priority Access to H1N1 Vaccine

Fri, 06 Nov 2009 11:30:29 GMT

clipped by: chestnut501
clipper's remarks: Why?

Clip Source: act.credoaction.com

This is beyond outrageous. Pregnant women and children with respiratory problems struggle to get access to scarce doses of the H1N1 vaccine. But according to NBC News, bankers at Goldman Sachs enjoy a stockpile of 200 doses of the vaccine -- the same as allotted to Lenox Hill Hospital in New York

With hospitals, schools and community health clinics in desperate need of the H1N1 vaccine, it's unconscionable that Wall Street can just cut in line and secure scarce doses for bankers.

Goldman Sachs received over $1 billion in taxpayer bailouts during the financial meltdown. But that's not all. It was the single-largest recipient of taxpayer money in the AIG bailout, receiving almost $13 billion once AIG's positions were unwound.

And now, analysts predict Goldman Sachs could give its bankers as much as $23 billion in bonuses, while the rest of country struggles through the jobless "recovery."

Tags: politics, health, u.s., bailout, vaccine, swine-flu, banks, bonuses

I Believe I Can Fly

Fri, 06 Nov 2009 01:45:59 GMT

clipped by: risatalogo

Clip Source: www.idsgn.org

With sales at an all-time low, a Chapter 11 bankruptcy, and a new partnership with Italian automaker Fiat, it comes as no surprise that Chrysler wants to reinvent itself.

Yesterday the new Fiat-directed Chrysler Group unveiled its long-awaited 5-year business plan, announcing a plan to sell smaller Fiat-designed vehicles and pay back billions in U.S. bailout loans by 2014. The 7-hour marathon press conference also featured a presentation (PDF) on the Chrysler brand by marketing chief Oliver Francois, which introduced a new logo for the struggling car manufacturer

Tags: chrysler

Go get 'em Keith!

Tue, 03 Nov 2009 01:33:22 GMT

clipped by: blackroseheart
clipper's remarks: Keith Olberman rips into the banking industry.

Clip Source: blogs.myspace.com

[Video]

Tags: banks, bailout, ceo, fraud, money

Ford Beats Government Motors

Tue, 03 Nov 2009 00:53:24 GMT

clipped by: merrie
clipper's remarks: AP story: "Ford Reports Surprise $1 Billion Profit. Automaker now expects to be solidly profitable in 2011."

But then you get halfway down the story: "But Ford still faces obstacles in its turnaround. Last week workers overwhelmingly rejected an agreement with the United Auto Workers that would have brought Ford's labor costs in line with rivals General Motors and Chrysler. Workers objected to clauses limiting their right to strike and freezing entry-level wages and felt the company was healthy enough and didn't need further concessions." So this headline, "Ford Reports Surprise $1 Billion Profit" needs to be rewritten: "Ford Surprises by Having a Profit. Angry unions vow to redouble efforts to sink the automaker."

Clip Source: www.rushlimbaugh.com

RUSH ARCHIVE: But as we stand here now, Obama doesn't have a way into the Ford Motor Company that he has with the others 'cause they didn't take any bailout money. So if I'm Ford, if I'm Mr. Mulally, what I do is I look at what Obama -- and you can find it in his book, you can find what he thinks of the auto industry in his book, you can find his hatred for the SUV. You can find in his book in 2006, I think, you can find exactly what kind of cars he thinks Detroit ought to build, the cars that are going to have to be forced on people, the cars that people are not buying en masse of their own volition. So if I run Ford, I see what General Motors and Chrysler are going to be forced to manufacture and I go the other way, as far as I can, anyway, within the bounds of these stupid CAFE standards.

Read the Background Material...

• AP: Ford Reports Surprise $1 Billion 3Q Profit

Tags: 3rd quarter, ford reports $1 billion profit, "cash for clunkers", focus and escape

Auto Bailouts- They Just Keep Coming

Mon, 02 Nov 2009 00:55:19 GMT

clipped by: WhatAreWeDoing

Clip Source: www.onenewsnow.com

Auto bailouts - they just keep a'coming

Jim Brown - OneNewsNow - 10/30/2009 8:50:00 AM

GMAC, the financing arm of government-owned General Motors, is seeking a third multi-billion-dollar bailout from taxpayers.

The Treasury Department is considering investing an additional $5.6 billion into GMAC, which has already received $12.5 billion in government funding. Former White House "auto czar" Steve Rattner said recently that the Obama administration's 61-percent stake in General Motors and its outstanding loans are worth only about $25 billion of the $50 billion loaned to GM.

James Gattuso, a research fellow in regulatory policy at The Heritage Foundation, calls the latest bailout for the auto industry "outrageous."

Tags: bailouts, politics, auto industry

Goldman Sachs Banksters Knew and Bet on Meltdown

Sun, 01 Nov 2009 22:18:25 GMT

clipped by: blueridge
clipper's remarks: Filthy lucre on the backs of investors and then got Bailout money from taxpayers too, with the help of their "insider" (and Treasury Secretary) Timothy Geithner. (It helps to have pals in high places.--see Goldman-Geithner connections)

Clip Source: www.wvgazette.com

How Goldman secretly bet on the housing crash

WASHINGTON -- In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.

Goldman's sales and its clandestine wagers, completed at the brink of the housing market meltdown, enabled one of the nation's premier investment banks to pass most of its potential losses to others before a flood of mortgage loan defaults staggered the U.S. and global economies.

Only later did investors discover that what Goldman promoted as triple-A investments were closer to junk.

a five-month McClatchy Newspapers investigation has found that Goldman's failure to disclose that it made secret, exotic bets on an imminent housing crash may have violated securities laws.

Lloyd Blankfein, Goldman's chairman and chief executive, declined to be interviewed

Tags: goldman sachs, banks, meltdown, housing crisis, economy, bailout

Protests at Bankers` Association

Fri, 30 Oct 2009 18:03:09 GMT

clipped by: beanz

Clip Source: www.alternet.org

Thousands March in 3-Day Showdown with Banking Industry

Workers gave pink slips to the country's top bankers Tuesday morning to culminate three days of protests, billed as the Showdown in Chicago, during the American Bankers' Association's annual meeting.

After "firing" the bank CEOs, Adam Kader of the workers group Arise Chicago presented a notice that the banks' $17.8 trillion "loan" in taxpayer-bailout funds is due since, he said, banks have not complied with the conditions placed on the handout by the people.

Along with decrying the financial deregulation that facilitated the economic crisis and the "corporate greed" exhibited in exorbitant bonuses and salaries for industry executives even after the bailout, protesters made several concrete demands.

Clip Source: www.alternet.org

"The bankers can't really do anything," he said. "I want to see the government stop bailing them out. They've given trillions to the banks and the war in Iraq. How about a trillion for jobs, food, schools and a moratorium on foreclosures."

Tags: banks

Public Sees A Tilted Playing Field

Thu, 29 Oct 2009 13:53:26 GMT

clipped by: sincitykitty
clipper's remarks: "In relative terms, the perceptions are dead-on: the big winners so far are the bailed-out bankers. Meanwhile on the jobs and housing front, things get worse,"

Clip Source: www.huffingtonpost.com

Public Sees A Tilted Playing Field

When Peter Hart Associates asked registered voters recently who they felt was benefiting from the government's economic policies, the resounding answer was that the hundreds of billions poured into the economy have done far more to help those at the top of the economic food chain than those on the bottom.

The voters seem to have gotten it about right.

"In relative terms, the perceptions are dead-on: the big winners so far are the bailed-out bankers. Meanwhile on the jobs and housing front, things get worse," says University of Texas economist James Galbraith. "You can make an argument that everyone has been helped by the fact that the economy hasn't collapsed even more completely," Galbraith added, but that does not "cut any ice with the population at the moment. What they see is that a top-down bailout works on the top and doesn't go very far down. And they are right."

GMAC asks for 3rd bailout

Wed, 28 Oct 2009 18:35:52 GMT

clipped by: Socratoad

Clip Source: www.cbc.ca

American lender GMAC is asking for a third injection of taxpayer cash from the U.S. government, a Treasury Department spokesperson confirmed Wednesday.

GMAC is the former lending arm of General Motors and remains an important provider of financing for GM and Chrysler dealers to pay for vehicles for their lots. It's also a significant player in the U.S. residential mortgage market.

It has received two packages of bailout money totaling $12.5 billion already, and the government holds 35 per cent ownership. While other banks have been able to raise capital from private investors, GMAC has been forced to go back to the government.

GMAC lends to GM and Chrysler dealers so they can buy cars for their lots.

If the cash were approved, GMAC would be the only company to receive three bailouts. The move would also represent a further entrenchment for the U.S. government into the auto industry.

ING TO SPLIT IN TWO AMID $11.3 BILLION RIGHTS ISSUE.

Tue, 27 Oct 2009 06:24:02 GMT

clipped by: ellington
clipper's remarks: UNDER PRESSURE FROM EUROPEAN COMPETITION AUTHORITIES.

Clip Source: www.nytimes.com

ING to Split in Two Amid $11.3 Billion Rights Issue

PARIS — ING Group, the Dutch financial services company, said Monday that it would divest itself of its insurance operations, under pressure from European competition authorities, and would also repay half of its government bailout through a stock issue.

The move to separate banking and insurance, which began tentatively in April, was an admission that the model under which the group had operated since its creation 18 years ago was no longer viable. The announcement and the plans for the stock issue of up to €7.5 billion, or $11.2 billion, caught the market by surprise. ING’s shares tumbled 18 percent in Amsterdam.

Jan H.M. Hommen, the ING chief executive, said that negotiations with European regulators over the restructuring plan following the government’s bailout a year ago acted “as a catalyst” for the divestiture.

Tags: ing group, split, repay, government

A Middle Class is Just Too Expensive to Keep...

Mon, 26 Oct 2009 12:30:03 GMT

clipped by: CulturalEngineer
clipper's remarks: Though great for carving up... Especially since they bought the knife themselves! Chagora & Civilization Systems

Clip Source: www.sfgate.com

Experts see rebounding economy shedding jobs

"It's not even a jobless recovery; it's a recovery with more job losses," said UCLA economist Lee Ohanian. "The idea of having essentially no net job creation after a remarkably severe recession is a real pathology for the U.S. economy."

Top White House economist Christina Romer of UC Berkeley told Congress on Thursday that employment growth could remain "painfully weak" through next year, and that the largest effect from the $787 billion stimulus enacted in February, mainly aid to states, is past.

Even under optimistic assumptions, it could take seven straight years of solid growth just to get employment back to where it was before the downturn, a Rutgers University analysis found.

Tags: economics, chagora, politics, bailout, unemployment