The Seven Most Disturbing Moments So Far in Barack Obama's Presidency

Tuesday, April 17, 2012 9:26:59 PM · by Typical_Whitey · 6 replies - townhall.com | 4/17/2012 | John Hawkins – h/t to MJ

Picking out the most disturbing moments of Barack Obama's presidency is kind of like trying to choose the wettest parts of the ocean. Other than his "Even a blind squirrel sometimes gets a nut" moment where he said "yes" when the SEALS asked if they were allowed to kill Osama Bin Laden, his entire presidency has been one long, slow motion bamboo shoot sliding under the country's fingernails. So, everyone reading will probably be able to think of a few national nightmares that aren't included.

7) Obama bows to a Saudi King: Had Obama spent his childhood entirely in the United States, he probably would have known that real Americans don't bow. Unfortunately, since that's a lesson Obama hasn't learned, Americans have had to endure their President humiliating himself and by extension, the rest of the country, by servilely bowing to foreign leaders. Perhaps the worst of these was the tyrannical, fanatical Saudi king. As Newt Gingrich has said, "I want America to become so energy independent that no American president ever again bows to the Saudi king." No American President should have ever bowed to him in the first place.

6) Obama sides with a foreign leader against an American state: It's bad enough that Obama has been persecuting Arizona for enforcing illegal immigration laws when his administration won't do the job. However, in a despicable display Barack Obama held a joint press conference at the White House with Mexican President Felipe Calderon that featured both of them criticizing Arizona's immigration law. If only there had been someone there to represent America at that event.

5) Obama shoves through history's single most wasteful spending bill. The very first thing Barack Obama did after he was elected was push through the largest and most wasteful spending bill in human history. Most calculations of the cost of the bill came in somewhere between 800 billion and 1.2 trillion dollars. The whole purpose of the bill was supposed to be to create jobs and the Obama Administration claimed the bill would keep unemployment below 8%. Conservatives almost universally said the bill wouldn't work and it received no GOP votes in the House along with only 3 in the Senate (Snowe, Collins, and Specter -- before he changed parties). So, who turned out to be right about a bill that cost more than FDR’s New Deal AND the war in Vietnam combined in today's dollars? Not Obama. We've now had 38 straight months of above 8% unemployment, the longest streak since the Great Depression.

4) The manned space program comes to an end: Putting a man on the moon is one of America's greatest accomplishments and the catalyst for a wide range of scientific achievements. Under Obama, America's Space Shuttle program was ended and in a twist so bizarre you wouldn't buy it if you saw it in a movie, NASA's mission has been changed to getting children excited about math and science, expanding international relationships, and doing Muslim outreach.  As former Astronaut said yesterday, “Discovery’s Final Flight “Tugged on My Heartstrings”as it did for many people.

3) Paul Ryan alerts Tim Geithner that the economy ends in 2027: In one of the most amazing exchanges in the history of American government, after Tim Geithner presented the Obama Administration's stratospherically high long-term budget projections, Ryan showed off a chart created by the CBO estimating that America's economy will shut down in 2027 because of out-of-control government spending. In other words, in 15 years life as you know it in America is over because of the Obama Administration's spending and Obama has absolutely no intention of doing anything about it.

2) Obamacare passes: Never before in American history has one party been arrogant and paternalistic enough to push through a massive entitlement program that was wildly unpopular with the American people and had zero votes from the opposing party. If it isn't stopped, Obamacare will destroy America's health care system by dramatically driving up the cost of care, rationing care, instituting death panels, driving tens of millions of Americans off their health care policies, adding trillions to the debt, and dramatically reducing the number of doctors available to treat patients. Of course the future of medicine in this country could be worse....well, that is if any of those zombie movies turn out to be right. (Even retiring Progressive Barney Frank, who was very much part of the ObamaCare cram down, now admits it was a mistake… just not for the right reasons, but little by little everyone who understands what is in the Affordable Care Act bill and the consequences thereof realizes if it is not over turned it will be the death nail for America.)

1) America loses its AAA rating: Despite the fact that Treasury Secretary Tim Geithner assured Americans that there was "no risk" America would lose its AAA credit rating, America did indeed lose its rating for the first time since 1917 because of Barack Obama's adamant refusal to cut spending. It's worth noting that another credit rating company, Egan-Jones, downgraded the United States AGAIN just a couple of weeks ago from AA+ to AA. Unless something changes, historians will point to the Obama downgrade as the very moment when America started to come down like the Hindenburg.

Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts

This gives a new meaning to " gov’t. corruption"!!!!

No wonder they didn't want to be Audited..

Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts - unelected.org - Click: The Silver Bear Cafe

The first ever GAO (Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill (HR1207), so that a complete audit would not be carried out. Ben Bernanke(pictured to the right), Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning.

What was revealed in the audit was startling:

$16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest. Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious - the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs.

To place $16 trillion into perspective, remember that GDP of the United States is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is "only" $14.5 trillion. The budget that is being debated so heavily in Congress and the Senate is "only" $3.5 trillion. Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world.

In late 2008, the TARP Bailout bill was passed and loans of $800 billion were given to failing banks and companies. That was a blatant lie considering the fact that Goldman Sachs alone received 814 billion dollars. As is turns out, the Federal Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley received $2.04 trillion. The Royal Bank of Scotland and Deutsche Bank, a German bank, split about a trillion and numerous other banks received hefty chunks of the $16 trillion.

"This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else." - Bernie Sanders (I-VT)

When you have conservative Republican stalwarts like Jim DeMint(R-SC) and Ron Paul(R-TX) as well as self identified Democratic socialists like Bernie Sanders all fighting against the Federal Reserve, you know that it is no longer an issue of Right versus Left. When you have every single member of the Republican Party in Congress and progressive Congressmen like Dennis Kucinich sponsoring a bill to audit the Federal Reserve, you realize that the Federal Reserve is an entity onto itself, which has no oversight and no accountability.

Americans should be swelled with anger and outrage at the abysmal state of affairs when an unelected group of bankers can create money out of thin air and give it out to megabanks and super-corporations like Halloween candy. If the Federal Reserve and the bankers who control it believe that they can continue to devalue the savings of Americans and continue to destroy the US economy, they will have to face the realization that their trillion dollar printing presses will eventually plunder the world economy.

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows..

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places

View the 266-page GAO audit of the Federal Reserve(July 21st, 2011): http://www.scribd.com/doc/60553686/GAO-Fed-Investigation

Source: http://www.gao.gov/products/GAO-11-696
FULL PDF on GAO server: http://www.gao.gov/new.items/d11696.pdf
Senator Sander’s Article: http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

Source: unelected.org  - Click: The Silver Bear Cafe

(The Motto of the Silver Bear Cafe is: "Serving up a heaping helping of the Truth, with a generous side of Common Sense")

15 DAY TIMELINE FOR FALL OF THE DOLLAR (according to Vickers and Beck) Once or When China Says No More US Bonds

Here is a reminder of Glenn Beck's 15 day timeline from the day that China says "no more bonds"...wonder if that was the implication with Saturday's announcement...

China says they may stop buying Treasuries After S&P downgrade??? This was probably an idol threat (for now)

Video: Glenn Beck – Fall of the Dollar Timeline Prediction

Sadly, I guess we will see how accurate his timeline is...

The question is could we already be on this timeline! Probably not, but who really knows… only time will tell? But once it starts it will be quick! Pray my friends… pray and prepare just in case!! Glenn has been right so often on his predictions. So the question probably is not if, but when!!

Here's the breakdown (with the scenario beginning on a Wednesday):
*DAY 1: China says "no more bonds" (Wednesday)
DAY 2: spooked on Wall Street (Thursday)
DAY 3: rumors start to circulate (Friday)
DAY 4: weekend, "kids at soccer" (Saturday)
DAY 5: Asian markets freefall, USD down 10%, gold goes up $200/oz. (Sunday)
DAY 6: Dow plunges 900-1000 pts. in 20 minutes, markets shut down by 9:50 AM, EU raises interest rates to encourage investors (Monday)
DAY 7: Markets unable to open, emergency fed meetings (Tuesday)
DAY 8: All is quiet, markets start to rally (Wednesday)
DAY 9: Quiet, stable (Thursday)
DAY 10: Dollar plunges an ADDITIONAL 10-15% (Friday)
DAY 11: Fed meets (Saturday)
DAY 12: Fed raises interest rates 5-6% to try and attract buyers (Sunday)
day 13: GLOBAL MELTDOWN, EVERY market (not just DOW) falls 3,000 points (Monday)
DAY 14: IMF and G20 meet, total restructuring, NEW GLOBAL ORDER IS ESTABLISHED!!!! Will be announced globally(Tuesday)
DAY 15: PUBLIC PANICS, bank runs, grocery shelves emptied within a few hours, etc.

If the collapse is not quite as near as the next couple of weeks, now that gold is through the roof (something Glenn also predicted and as laughed at for), please prepare. Investment in silver us a great idea… as well as food, water, general supplies, ammo etc.

The Bitter Fruit of Insolvency - Steve McCann

Excerpt:

If a nation wishes to maintain its solvency and continue to expand its economy, it should not experience deficits higher than 3% of its Gross Domestic Product and, in today's quasi-welfare societies, unemployment rates above 6 to 7%. On an aggregate basis, a combination of these percentages should always remain below 10. The higher this "National Insolvency Index" above 10, the greater the problems that country is experiencing, and if that index remains above 10 for three years or more the viable solutions to solve the dilemmas will be increasingly difficult to enact.

The United States has not only one of the worst National Insolvency Indices in the world since 2009 -- the year Barack Obama assumed office -- but the most dismal picture imaginable over the next ten plus years assuming nothing is changed.

The Obama Years:

	2009	2010	2011	2012
Insolvency Index	19.1	18.5	20.2	18.0 Est.

The average for the eight years of George W. Bush: 7.4

Per the Government Accountability Office for the estimate of future annual budget deficits and the Congressional Budget Office for their estimates of future unemployment rates (it should be noted: the CBO notoriously underestimates), the next 10 years are as follows if no massive and dramatic changes are made:

	2013	2014	2015	2016	2017
Index	14.7	14.3	14.0	13.5	13.8

	2018	2019	2020	2021	2022
Index	14.0	15.0	15.5	15.8	16.3

At no point from 2009 to 2022 and beyond does this index fall below 10. A disaster of monumental proportions is in the offing, and the optimistic outlook by the Congressional Budget Office that the unemployment rate would be at 5.5% by 2016 will never happen making the index even worse than the above chart.

Over this period from the end of 2008 to 2022, the national debt held by the public as a percent of the Gross Domestic Product will grow from 42.0% to 125% and interest expenditures from 1.4% of GDP to 3.9% (in terms of 2011 dollars that is an increase from $200 Billion to nearly $600 Billion or 64% of the total individual income tax receipts by the IRS in 2010.)

This is why S&P has downgraded the creditworthiness of the United States and in reality should follow up with another more dramatic downgrade soon.

After World War II the United States became the greatest economic and military power the world has ever seen. This accomplishment happened in the period 1947 through 2008. The National Insolvency Index for the country averaged 6.9 over those 61 intervening years. It will average 16.0 from 2009 through 2022, far above the threshold of 10.

The urgency of reversing this index cannot be overstated; the United States is firmly on the path of becoming the most massive economic and financial failure in the history of mankind. The credit downgrade is a shot across the bow, not a political or ideological ploy. Will the current American ruling class and the average American citizen glued to the television begin to wake up and understand that he or she is living a tragic reality show in which everyone and everyone's progeny will bear the burden of a dramatically reduced standard of living and a country at the mercy of others?

Source: American Thinker - h/t to Warbird at Sovereignty in Colorado

The stock market made a slow recovery today… until Bernanke announced that he would (artificially) keep interest rates low through through 2013… or at least until the end of the election (re-election of BHO is the goal), after which all Hell will break lose (as described above or some variation) if he is reelected. AFTER THAT IT MADE A MIRACULOUS RECOVERY!

As for Geithner being relieved of his position… that will only happen if they all (the Chicago Team plus Soros) agree it is for the best because let us not forget, the Geithner-Obama connection, like the Jarrett-Obama connection go waaaay back. We are being played my friends!! (And then Geithner will toddle off to BTW, Rick Santelli pointed out that the reality of things is that without the tea party movement, we probably would have been downgraded to a BBB credit rating by S&P instead of a AA+.

How the Feds are manipulating the market:

"Stock prices are no longer based on buyers and sellers, but instead, on the US central bank. Here's how." LINK: http://www.csmonitor.com/Business/Mises-Economics-Blog/2011/0610/Is-the-Fed-manipulating-the-stock-market

"The Fed Is Manipulating The Stock Market And It Should Be No Surprise" LINK: http://www.businessinsider.com/why-is-anyone-surprised-that-the-fed-took-stocks-as-collateral-2010-12

Is the U.S. Government Supporting the Stock Market?
LINK: http://www.fundmymutualfund.com/2011/08/fed-exceptionally-low-rates-until-mid.html

Daniel Shaffer Notices the "Invisible Hand" aka Plunge Protection Team LINK: http://www.fundmymutualfund.com/2009/05/daniel-shaffer-notices-invisible-hand.html

Larry Levin - the Visible and Invisible Hand is Everywhere
LINK: http://www.fundmymutualfund.com/2009/06/larry-levin-visible-and-invisible-hand.html

Per GodLikeProductions… Something is up: Something's Up: White House Cancels All Public Events for Today. LINK: http://www.godlikeproductions.com/forum1/message1589786/pg9

h/t to Tolline Enger

“What is happening is what I told you would happen on Monday that I set my family down over the weekend and I said, I believe the timeline has accelerated.  There has been a trigger and I ask you that if you have listened to this broadcast and if you have been paying attention, I ask you to go back and double your efforts.  I ask you to go back now and realize how close we may be and how you need to prepare to be a help to others, how you need to make sure that you have no hatred in your hearts and it is going to be very difficult.”  TheDailyBeck

A friend of ours asked his accountant what he should be investing in. The Accountants response was: GOLD, SILVER, GUNS, ANNUNITION, FOOD, WATER AND A GOOD BIBLE to carry you through!!

America: Losing our AAA Credit Rating Anyway… So “NO” Reason to Raise Debt Ceiling!

Egan Jones, Moody’s and S&P  warn of credit rating downgrade for US from AAA to AA.  Now they are saying that even if we raise the debt ceiling they will no doubt downgrade us anyway.

Giving Obama another Trillion dollars and expecting him to be responsible with it it is like giving an alcoholic a 5th of Whiskey and expecting him only to take one drink on special occasions.

If we are going to lose our AAA credit rating, there is absolutely no reason to increase the debt ceiling.  We would be much smarter to hold out and insist that Cap, Cut and Balance be passed by the Senate and signed by the president and then move forward cutting like crazy!  No matter what Obama and the Dems tell us, the United States will not go into default!  We will finally just have to sit down tighten our belts as a nation and deal with the debt… and now is better than later when it is even higher.

We borrow 42 cents of every dollar we spend and half of that is from countries like China who hate us and are actually receiving land for whole cities to be built here in the United States in exchange for some of that debt we keep running up.  Much of the rest that we are borrowing is just printed money…

Obama is responsible for half of the total national debt we owe after only 2.5 years in office.  He created this debt and the responsibility is his!  Wake-up America, this is not George Bush’s fault, and I’ll admit he was a spender with two wars going!

Under George W. Bush we were paying $1.6 Billion in interest per day.  Under Obama, we are now paying $4.3 Billion in interest every day.  It would be a fool’s folly to raise our debt by another Trillion dollars if we lose our credit rating and have to pay more for that borrowed money.

The GOP has put forth plan after plan to avoid this debt crisis and last minute debt ceiling fight and House passed Cut, Cap and Balance last week.  President Obama has put forth nothing except an outline in a speech that the CBO said they couldn’t score (which he knew in advance).  The Gang of Six (mixed group of Senators) put out a 5-page outline and Harry Reid finally put out a last minute plan for the Dems that is a complete ruse.  One must wonder how long it will take for Americans to stop listening to the mainstream media who are just minions for the Obama administration and start using their common sense?!?

A downgrade in our country's credit rating could have an immediate impact.

"If we go from a AAA to a AA, our interest rates will go up, they won't explode. But, they'll go up, which means a larger portion of our tax money will go to paying interest," said Joe Prinzinger, Lynchburg College Economics Dept. Chair.

Tax money - dollars that you and I give to the feds - won't be spent on us; It'll be used solely to pay down the federal debt.

"People will wind up paying a higher percentage of their income to pay for groceries, gasoline, home and car loans and necessities," said Prinzinger

And there definitely will be a negative impact on Wall Street.

On April 19th Timothy Geithner went on TV and said there was no way that the U.S. credit rating would be downgraded.  On July 25th the president went on TV and said if there was no solution we would definitely lose our AAA credit rating.  So which is it.

You might not like everything that the GOP is fighting for or even what they end up agreeing to, and you will like the sacrifices even less if they hang firm, but in this fight they were the only players!  The insanity is that Obama keeps calling for a compromise on the debt crisis and for balance, yet it is he and his party that have no plans, refuse to compromise, threaten vetoes and refuse to move forward on a Balanced Budget Amendment that 75% of Americans support and is the only way that we can settle and stop future crisis and the unbridled spending of Washington.  66% support Cut, Cap and Balance which the House of Representatives passed last week, Harry Reid refused to allow the the Senate even to vote on and Obama threatened to veto before it was even passed.

If you understand Obama’s ideology and goal, this is exactly what he wants and spending us into second rate nation status is the plan! The real insanity is that most of America still doesn’t get that!

by Ask Marion

Related:

Fearmonger Friday:  Obama Administration Will Announce Which Bills Will Be Paid, Which Not, After Market Closes on Friday

Dick Morris (Op-Ed):  Obama’s Big Lie

Senator Jim DeMint… Cut, Cap and Balance

Review:  The Debt Ceiling and Economic Crisis Debate Rages On

CUTS Today Can Disappear Tomorrow… With a Balanced Budget Amendment…!  Originally posted at Idiots on the Left

Reid’s Gimmicks Unmasked: Record $3T Debt Increase Tied to Just $1T in Cuts

Obama on Sidelines in Critical Battle Over Debt Ceiling

Donald Trump Finally Weighs In On Debt Ceiling Debate

Video: Joe Walsh to Obama: Stop Lying

Steve King on default: Obama could be impeached

Super Congress:  Echoes of Tyranny Rising

Propa-Organists  -  Many in the know feel Soros will spend much of his time and money feeding the pro-Obama media, creating havoc for the 2012 election and attacking groups like the tea party, Fox News and anyone who is anti-globalism and therefore anti-Obama.

Beck: Why Goldman Sachs Is Willing to Take the Heat

Beck: Why Goldman Sachs Is Willing to Take the Heat

The video you must see: HERE – Please Watch First

Some Notes on Today's Show Immediately Below and a Highlight Review of the Bill S3217 Below That – Please Watch Video Above First (More Videos Toward Bottom)

The Finance (Reform) Bill - S3217 in Congress right now is a trial balloon for the move toward globalization – a New World Order (Full length movie).  Remember when saying those words used to make you a conspiracy theorist?? Now the Progressives are saying it regularly…  Why?  Because they know, if you say things often enough… people (the masses) will get used to the idea and eventually accept it.

Why Goldman Sachs and why now???

Ask yourself… If Goldman Sachs was really as bad as they are being portrayed??  Then why are all their former leaders still working in the White House?

Who or what is the CCX – Chicago Climate Exchange – A company/group ‘voluntarily’ bound to meet all the green rules of the Cap and Trade scheme – the transfer of wealth from companies that ‘have’… to companies that ‘have not’ (or are preferred by gov’t).

A theory to penalize you for creating invisible harmful gas (that essentially doesn’t exist). (Remember ClimateGate??)  “Big evil rich companies… pay (give their money) to small good companies somewhere across the world.  If you really look at it… it looks a lot like Marxism… but the Progressives depend on the fact that you won’t notice.  And mind you… Obama has already said… in his own words that under his plan, electricity rates and all other power types will sky-rocket… for you and me.

Mind you, Spain and other European Countries that have already tried this found it bankrupted them~

So who in their right mind would start something like this… and why??  The CCX was started from grants from the Joyce Foundation, who is bigger than the (Soros, John Kerry, Teresa Heinz Kerry… that help fund Bill Ayers brother) Tides Foundation… a foundation that launders money to Progressive causes, so we 'the little guy' doesn’t notice…)  The founder of the Climate Foundation, Richard Sandor (Father of Deriviatives and Futures and also Father of the Climate Exchange: http://is.gd/bIZ6G), says it is a 10 Trilion $$ market… selling smoke.  There is a lot of money riding on this scheme… just ask Al Gore… and many Goldman Sachs execs…  In fact Goldman Sachs own 10% of the stock in CCX.

So now we are going to fix Goldman Sachs to set us up for Cap and Trade… Which will be the Cornerstone to a New World Order… right now being touted as a new monetary global order. The machinery: through a Franklin Raines (Pres of Fannie Mae) plan.

Nov 6, 2006 – Dems took over Congress

Nov 7, 2006 – Fannie Mae buys Carbon Trading Mechanism for future ClimateGate mandates through bundling… exactly what they are now going after Goldman Sachs for.

And who was involved in 2006? Obama, Al Gore, Goldman Sachs Mgmt… most of which now work in the White House…

Why this Goldman Sachs upheaval now??  Somebody has to take the heat and divert us so they can pass the Wealth and Finance reform Bill – S3217, which if it passes will be the first step toward Cap and Trade and then global government.  It will also give Congress the ability to pass never-ending bailouts.

The White House and lame stream media will try to sell you that the Republicans are the party of NO on this… but if you understand you will realize that they are fighting to protect and save us!!  They won a small victory today, but the Progressive Dems in power are focused on passing this and will press on doing whatever they need to, to pass it, just like with HC.  Remember what Pelosi said… the takeover of HC and our kids through student loans and funding was step 1…

Every day we are finding out another frightening thing that was written into ObamaCare… the last mega bill that Congress didn’t read.  Don’t let them do it again!!  Several Senators already admitted today that they again had not read the bill.

Spread the Wealth with Finance Reform S-3217

It’s probably a good idea to ask your Senators if they’ve read the finance reform bill - S3217.  Here’s the link:  http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills&docid=f:s3217pcs.txt.pdf

If they read it, they will see that REDISTRIBUTION OF WEALTH somehow made its way into the bill.  We all know that grants given by the government are done so with taxpayer dollars.  It’s free money for the recipient of the grant.  If this bill passes, taxpayer dollars will be provided to low- and moderate-income individuals “to meet the financial needs of such individuals”; they’ll also receive products and services which include “small-dollar value loans”.

First, who decides what “small-dollar value” is?  Perhaps those who are passing trillion dollar legislation in the blink of an eye?  After all, it’s just taxpayer dollars.  Second, isn’t that how we got into the mortgage mess… low- and moderate-income individuals being given home loans they couldn’t afford?

Page 1401:

SEC. 1204. EXPANDED ACCESS TO MAINSTREAM FINANCIAL INSTITUTIONS.

(a) IN GENERAL.—The Secretary is authorized to establish a multiyear program of grants, cooperative agreements, financial agency agreements, and similar contracts or undertakings to promote initiatives designed—

(1) to enable low- and moderate-income individuals to establish one or more accounts in a federally insured depository institution that are appropriate to meet the financial needs of such individuals; and

(2) to improve access to the provision of accounts, on reasonable terms, for low- and moderate income individuals.

 

Page 1402:

(2) ACCOUNT ACTIVITIES.—Subject to regulations prescribed by the Secretary, an eligible entity may, in participating in a program established under subsection (a), offer or provide to low- and moderate-income individuals products and services relating to accounts, including—

(A) small-dollar value loans; and

(B) financial education and counseling relating to conducting transactions in and managing accounts.

 

REDISTRIBUTION OF WEALTH also involves “THE BUREAU”.  I assume this means they’ll have insight into residential and commercial accounts since they will “assess the distribution”… “across income and minority level census tracts”.  That’s as comforting as knowing they “may use the data for any other purpose as permitted by law.”

Page 1262:

(d) BUREAU USE.—The Bureau—

(1) shall use the data on branches and deposit accounts acquired under this section as part of the examination of a covered person as part of an examination under this title;

(2) shall assess the distribution of residential and commercial accounts at such financial institution across income and minority level of census tracts; and

(3) may use the data for any other purpose as permitted by law.

Perpetual use of taxpayer dollars for banks that need it is conveniently located on pages 1365 to 1371.

Page 503 tells us about the G20 nations’ agreement that all standardized over-the-counter derivative contracts are to be cleared through central counterparties by the end of calendar year 2012 at the latest.  Is there anything coincidental about that timeframe?

Page 816 will look out for all of us by the Comptroller General who will consider “the role of financial planners in providing advice regarding the management of financial resources, including investment planning, income tax planning, education planning, retirement planning, estate planning and risk management.”  Wow!  They’ve got everything covered for us!  Maybe they’ll require us to buy a student loan whether we want it or not.  Déjà vu – didn’t they do that with healthcare?  Isn’t it great that they’ll nudge us to purchase financial products which they decide we need?

Pages 1060 and 1061 are going to create an “Office of Financial Literacy” and implement “initiatives intended to education and empower consumers to make better informed financial decisions.”  The Earned Income Credit, which provides EXTRA taxpayer dollars for low-income individuals via their tax returns (aka: free money from taxpayers), along with “Federal Benefits” (aka: free money from taxpayers) is included for “wealth building”.  This will surely help our government steal from those who work hard to earn a living so that they can give it to those who may not.  After all, everyone’s got to have an equal amount, right?

Please call, email, and fax these 8 Republican Senators who are not yet 100% opposed to this bill plus your own Senator(s) no matter who they are:

Bob Bennett of Utah (202) 224-5444

http://bennett.senate.gov/public/

Susan Collins of Maine (202) 224-2523

http://collins.senate.gov/public/

Christopher Bond of Missouri (202) 224-5721

http://bond.senate.gov/public/

Saxby Chambliss of Georgia (202) 224-3521

http://chambliss.senate.gov/public/index.cfm

Bob Corker of Tennessee (202) 224-3344

http://corker.senate.gov/public/

John McCain of Arizona (202) 224-2235

http://mccain.senate.gov/public/

Olympia Snowe of Maine (202) 224-5344

http://snowe.senate.gov/public/

Scott Brown of Massachusetts (202) 224-4543

http://scottbrown.senate.gov/public/

Info for All Senators    -     Senators from your State.

Please Read:  Power Grab

(Live) From California Part II

Is over taxing the wealthiest 1% not evil??

The New York Times is doing their best to cover Obama’s Spending spree. They are warning us little people that the last thing we should do is cut spending…

Remember: A Patriot's History of the United States: From Columbus's Great Discovery to the War on Terror - Make sure you buy and read it, at least the section on Progressivism.

Andrew Melon was the Tim Geithner of old… He found that higher taxes drives the money underground. Like Oprah monitoring the # of days she spends at her house in California to avoid the taxes. Or Bono moving from Ireland when they capped the taxes on artists. This is understandable… unless you, like Oprah, is one who promoted Obama and the Progressive Movement. Think about it!!

Woodrow Wilson passed the Progressive Income Tax in 1913… Glenn explains what happened in video 1

Progressive Income Tax, High Income Tax Avoiders, the Roaring Twenties - Video Part I

(Please learn your history because it always repeats itself!! Innovation is the key and the lower the tax %, the more tax is collected…. HMMMM???)

Capitalism is the Key, but the Elitist Progressives Do Not Like it, like the Socialists and Communists, When the Middle Class Does Well - Video Part II

Elitists, Joe Klein, Sarah Palin - Video Part III

Robert Gibbs showed the words "hope" and "change" on his hand as he started his daily briefing with reporters on Tuesday.

Many in the room, where President Barack Obama had spoken just moments before about the need for bipartisanship, groaned at the political shot.

For those who missed it, Sarah Palin who does not speak from notes or a teleprompter, most of the time, jotted a few words on her hand to jog her memory for her speech at the Tea Party Convention. But President Teleprompter’s “Media Dupe” felt a need to take pot shots a someone who can speak for 45 minutes off of just 7-words jotted in her hand.

Sarah Palin electrifies a room from her heart and a couple words jotted in her hand… Obama puts the cadets to sleep with a professionally written speech and his best friend the teleprompter, which he even took into an elementary school classroom to give a little talk.

Sarah found it all so amusing that she sported a Hi Mom! note in her hand the next day when she appeared with Chris Wallace.

The part they don’t get… Why the people love Sarah Palin:

For Once Someone Who Owes US!

She doesn't owe the GOP Establishment Anything!
She doesn't owe the Washington Establishment Anything!
She doesn't owe the Unions Anything!
She doesn't owe the Media Anything!
She doesn't owe Manhattan Anything!
She doesn't owe Hollywood Anything!
She doesn't owe Big Business Anything!
She doesn't owe Special Interests Anything!
She doesn't owe Any Organization Anything!
She doesn't owe Anyone Anything...

BUT THE PEOPLE WHOM SHE WAS ELECTED TO SERVE!

For Once There is Someone Who Is For Us, The People!
Since She Is For US... We ARE PRO-SARAH!
Sarah Palin IS The People's Champion!
Believe In The Dream and Our Dream Will Come True!
Champions Always Keep The Faith!
We Are Sarah Palin's Champions Who Make The Dream Come True!

Abraham Lincoln Spoke
Of a Government
OF THE PEOPLE!
BY THE PEOPLE!
and FOR THE PEOPLE!

Sarah Palin IS
OF THE PEOPLE!
BY THE PEOPLE!
and FOR THE PEOPLE!
Sarah Palin The Right To

LIFE, LIBERTY & THE
PURSUIT OF HAPPINESS!

http://www.pro-sarah.com

Claremont Colleges, Hiram Johnson - Video Part IV

You can’t do business in California anymore and it is the microcosm of what is happening in Washington DC.

The Progressive Movement is the enemy!!!

Brian Kennedy, President of Claremont Colleges has been studying California Progressivism for 30-years. And Progressivism is not just a Democratic thing… it is both parties!! Progressivism means the end of our Constitution. And going back to the Constitution is the only thing that will save us!!

Go to LearnCalifornia.org and look up Progressivism. It will shock unless you are one of Kool Aid Drinkers yourself.

David Horowitz - Video Part V

California is a hotbed for radical groups and always has been. David Horowitz, former Communist himself says Van Jones is a neo-Communist. He is part of the George Soros team. And Obama, Valerie Jarrett and Van Jones and their Communist families and backgrounds are tied together~

A few months back, Beck said he was glad that Obama won instead of McCain and many went crazy over his statement. What he was saying is that both Obama and McCain are progressives. The difference is that Obama is a radical ideologue and went at his campaign to remake America with a fervor, so America woke up and is revolting. McCain would have done it slowly and one day we would have woken up in almost the same place without even noticing and too late to go back.

Meghan McCain is like, so totally progressive, and is not helping her Father’s re-election bid. Thank Goodness!

When a valley girl stumbles into politics, it's never pretty. Meghan McCain took to The View recently, trying to show that like, shopaholics can so totally be involved in politics. The problem with this, is like, she so totally is filled with arrogance and displays an astonishing lack of respect for the elderly. Glenn plays the audio. America weeps. Glenn responds. ( Transcript, Insider Audio).

John McCain is an honorable man and an American Hero, but he is a Progressives and as former Communist David Horowitz points out in video 5 above, no matter what their intentions, Progressives

The Communist/Socialist/Anarchist Movement - Nancy Pelosi’s hero is Bridges.

Conservatives judge everything from the lessons of the past and the lessons of history. Their goal is to fix government.

Progressives judge everything from a fictional view of the future, therefore what they expect never happens. Their goal is to change the world, even if the rest of us don’t want it changed, even if the rest of us don’t want it changed… which is exactly what we are seeing with Obama, Pelosi and Reid.

Obama’s newest ploy of including the GOP in HC talks is a game or a trap. He is finally seeing the handwriting on the wall, but still can’t read it. Obama really thinks that the average American doesn’t want ObamaCare and Cap and Trade because we don’t understand his programs, when in reality, Americans understand too well what his programs are and don’t want them.

Obama is inviting the GOP to join in but is saying all the wrong things and has no intention of starting over or working in a bi0partisan manner, because he is a true ideologue. Beware the ploy, if they do not do what he wants… pass the bills they could not with their majorities, the triad will label the GOP as obstructionists.

The White House Cabinet videos: Comedy gold

By Michelle Malkin • January 26, 2010 02:13 PM

As part of the pre-State of the Union publicity blitz, the Obama White House had its cabinet members sit down for quickie videos to tell you how they all “got to work” and “took bold steps to rescue the country from a potential second Great Depression; to rebuild the economy for the long-term — so businesses can thrive, the middle class can grow and all our families can be more secure; and to restore America’s leadership in the world, as we wrestle with the global challenges of the 21st Century.”

I’m including a few of my favorites from corruptocrat Eric Holder, Janet Clownitano, and Turbo Tax Tim Geithner — all especially striking not for what they tell you, but for what they omit about their security-undermining, transparency-sabotaging tenures. It’s comedy gold. Well, bitter comedy gold.

You can watch all the videos here by scrolling your mouse over any individual in the group photo and clicking for the pop-up video (big hat tip: Mark S.).

Sadly, there is “no video available” for Rahm Emanuel. But I can tell you what message his video would convey if he had been allowed to make one: “$%^&!! F**king $&^@^!!!”

Other White House video series ideas I’d like to see implemented:

*Obama Czars: Our Year in Review
*Messages From Under the Bus: Withdrawn Nominees Speak!
*Michelle and Friends: How the First Lady and Her East Wing Cronies Spent Your Money

Related:

Your corrupt DOJ-gives-another-corrupt-Democrat-a-pass story of the day

A Comprehensive List of O’s Czars and a brief description of each

Culture of Corruption By Michelle Malkin