Bailout Bandits

Nearly everyone I know is angry with the lack of real change. But who’s listening?

Elizabeth Warren, chair of a Congresstional oversight committee, made it pretty clear back in February that Henry Paulson, lied to the committee and came up $78 billion short in accounting for TARP 1. She made another report this week. How many people know about her findings? What can we expect of a Congress dominated by the party who also owns the White House?

Are you aware of her findings?

This week was the Tea Party “protest”. Herei in my city we were instructed not to throw our tea into the river or on the ground

Posted by whattheheck on Apr 16, 2009 at 1:32 PM

Yes, deep in his heart Obama is a politician first.  He knows that those that vote, vote their 401k’s.  Reagan was a brilliant destructor of populism by getting everyone to put their retirement eggs in with the large corporations, he also started taxing my student stipend and unemployment benefits (mr monkeywrench).  Lets stop for a moment to be thankful that social security didn’t go to Wall St too—that was one of the few things that was denied GWB during his reign.
I supported Obama, especially during the primary.  One of the reasons for my not supporting Clinton was knowing that NYC would be asking for tax money.  How did I know that economic crisis was on the horizon as early as 2005?  I knew by getting news from financial blogs, not CNBC.  Many blogs were warning of the housing bubble, though few thought we were headed for GD 2.0.  I got out of the stock market long before it went bust.  Then, I got out of the money market and into an fdic insured account a full year before the problems of fannie and freddie were publicized.  Those that were screaming about impending doom were ignored by the corporate controlled MSM because there was lots of money to be made on the way up the debt-fueled bubbles.
But back to the teabaggers.  The guy that started it all, Rick Santelli (a rational voice among the CNBC clowns) ranted about how the taxes were being spent, not about the tax rates.  He was against the corporate welfare before Obama was elected.  The concept has been hijacked by the top 2% income earners.
One last thing, as a member of moveon, I thought they were against the bailouts.  Would you offer proof of their recalcitrance to confront Obama?  I have directly contacted whitehouse.gov with my objections to the bailouts.  Also, I have bought some gold to hedge against the collapse of the US dollar.

Posted by Bill Leonard on Apr 16, 2009 at 8:25 PM

Great article. Very interesting. Thanks
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