Subj : Re: Obama's "accomplishments" To : All From : wildbilly@withoutta.net Date : Thu Jan 31 2019 19:20:06 Path: eternal-september.org!reader01.eternal-september.org!reader02.eternal-september ..org!news.eternal-september.org!news.eternal-september.org!mx04.eternal-septemb er.org!mx04.eternal-september.org!feeder.eternal-september.org!news.glorb.com!n peer01.iad.highwinds-media.com!news.highwinds-media.com!feed-me.highwinds-media ..com!nx02.iad01.newshosting.com!newshosting.com!novia!posts.news.sonic.net!nnrp 1.nntp.sonic.net!not-for-mail From: Billy Newsgroups: misc.survivalism,az.politics,ca.politics,dfw.politics Subject: Re: Obama's "accomplishments" Organization: Camp Runamuck References: <84fr18tb85kaifu3t4utigbasokh67gsi9@4ax.com> User-Agent: MT-NewsWatcher/3.5.2 (Intel Mac OS X) Date: Sat, 04 Aug 2012 21:31:12 -0700 Message-ID: Lines: 176 NNTP-Posting-Date: 05 Aug 2012 04:31:12 GMT NNTP-Posting-Host: f94c1a3d.news.sonic.net X-Trace: DXC=K0Qa:fQ:OW:JjN;Mj63oH7m4K\QM1CV^01OYf0H`?;X1YB30ZS05TB>iPk=U9`[2F3LL0_9fNeW c7XnjCDEa4<6> X-Complaints-To: abuse@sonic.net X-Received-Bytes: 9782 Xref: news.eternal-september.org misc.survivalism:21342 az.politics:2315 ca.politics:5368 dfw.politics:183 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. 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.) 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". 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 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. 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). Libor fraud exposes Wall Street¹s rotten core On any given day, $800 trillion worth of credit-related transactions are linked to Libor rates. [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 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 --- Platinum Xpress/Win/WINServer v3.1 * Origin: Prison Board BBS Mesquite Tx //telnet.RDFIG.NET www. (1:124/5013) .