Tracking the $700 Billion Bailout

by René | January 30, 2009 at 04:55 pm
102 views | 6 Recommendations | 13 comments
Follow the link to an extensive chart of all the companies receiving billions from the FED and the US Treasury.
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158

Great information.

Thanks for the link.

1
René

There's a movement afoot to Boycott the Bailout Beggars and Boosters, at least the ones that caused this crisis. I don't how effective that could be.

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158

I good idea but it would need a lot of work to get enough people to support it.

2
Roy C

Peggy Noonan, certainly not only one of the most articulate of conservative commentators, but one of the best looking to boot, who had gone out of her way after criticizing the failings of our so-called conservative prez, came out in support of Obama.

Now, with this pile of merdaccia called the "Stimulus Package", she has accused Obama of, in fact, not being for change but being for more of the same.

What do you think? Here is the link: Look At the Time

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René

What? What? The 'Magic Time' is over? But... but.... didn't the One promise 'Change we can believe in!'
Think 'merdaccia' is rather tame, actually.

2
tikun

Thanks for the information. There is so much pork and little stimulus in this package it is truly more of the same. It is pay back time and the taxpayers are paying as usual.

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René

The 'Stimulus Package' is still to come. This is what has already been handed out.

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Roy C

Transparency allows accountability and accountability insures our democratic republic stays a democratic republic responsive to its sovereign people and not a make-work scheme for elitists and other self-exalted types.


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René

There has long been an absence of accountability from our government and the FED.

Republic vs. Democracy

Rule by Law vs. Rule by Majority

Just after the completion and signing of the Constitution, in reply to a woman's inquiry as to the type of government the Founders had created, Benjamin Franklin said, "A Republic, if you can keep it."

Not only have we failed to keep it, most don't even know what it is.

A Republic is representative government ruled by law (the Constitution). A democracy is direct government ruled by the majority (mob rule). A Republic recognizes the inalienable rights of individuals while democracies are only concerned with group wants or needs (the public good).

Lawmaking is a slow, deliberate process in our Constitutional Republic requiring approval from the three banches of government, the Supreme Court and individual jurors (jury-nullification). Lawmaking in our unlawful democracy occurs rapidly requiring approval from the whim of the majority as determined by polls and/or voter referendums. A good example of democracy in action is a lynch mob. A more recent example was the failure of the US Senate to uphold their oath "to do impartial justice" and remove bill clinton from office. Those Senators should be removed themselves, for failure to uphold their oath and for aiding and abetting a known criminal. If you would like to help remove them, E-mail Gary McLeod.

Democracies always self-destruct when the non-productive majority realizes that it can vote itself handouts from the productive minority by electing the candidate promising the most benefits from the public treasury. To maintain their power, these candidates must adopt an ever-increasing tax and spend policy to satisfy the ever-increasing desires of the majority. As taxes increase, incentive to produce decreases, causing many of the once productive to drop out and join the non-productive. When there are no longer enough producers to fund the legitimate functions of government and the socialist programs, the democracy will collapse, always to be followed by a Dictatorship.

Even though nearly every politician, teacher, journalist and citizen believes that our Founders created a democracy, it is absolutely not true. The Founders knew full well the differences between a Republic and a Democracy and they repeatedly and emphatically said that they had founded a republic.


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Roy C

The Fed is not understood and talked about because journalists are way too often a combination of intellectual mediocrity of the most concentrated combined with a presumption of omniscience, or whatever the next best thing might be, such as knowing some guy or gal who will speak ex cathedra and infallibly. Afterward he can cast aspersions of demonic possession on all who disagree with His Majesty and His Correctness.

After all, once truth has been so obviously displayed, the only accounting for resistance would be possession by someone who paid them to think otherwise. Or sometimes, if the objector is poor, plain stupidity is used.

So, as a result of that intellectual mediocrity and selling-out to convenience and appearance so that vanity's demands are met, they don't learn any one discipline enough to understand its underpinnings and come to terms with the real dynamics of figuring out the truth.

Net result: no real stories on the Fed, its history and role, and they and their Wall Street friends can do as they please, right down to getting us to bail them out.

0
René

The FED and their cabal owners now own the media. How long would one of their reporters last if they tried to report on this?


I've actually posted a lot about the FED on NP as well as others here. I started researching inflation and the FED, and watched the media's first attempts to report on it, which got pre-empted by the Iranian Embassy hostage crisis during Jimmy Carter's Presidency. 

Also it's all over the internet and youtube. Newspapers and TV news are losing readers and viewers fast cuz those who can, look on the web for real news from all over the world.

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Piggy

don't forget this bill also included $110 billion of pig ears!

0
René

Are you ready for this?

GM Is Using $1 Billion of Its Bailout Money In Brazil

Saving American jobs... South American jobs.

You just can't make this stuff up...
GM is using $1 billion of its bailout money to invest in Brazil.


Direct from the bailout funding from the US government.

$1 billion goes south. Where do jobs in the US get saved in this deal? How does this help OUR economy? How many begged Congress not to bail them out?


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First Flagged at 5:03 PM, Jan 30, 2009 by 158

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