ARTICLES: BAILOUTS & GOVERNMENT WASTE
|READY TO PAY FOR GOVERNMENT WASTE? $11 Trillion in Bailouts. Billions in Bribes.|
|BAILOUT SUMMARY (List of bailouts so far)
$11 for TRILLION IN PROMISED BAILOUTS:$700 billion for TROUBLED ASSET RELIEF PROG. (TARP) TOTAL
$6.2 Trillion for FEDERAL RESERVE RESCUE TOTAL
$1.1 Trillion for STIMULUS (BUSH & OBAMA) TOTAL
$20.7 billion for BANK TAKEOVERS TOTAL
$1.7 Trillion for OTHER FINANCIAL TOTAL
$112 billion for OTHER AIG ADDITIONAL TOTAL
$745 billion for OTHER HOUSING TOTAL
|….and more [...]|
BIG-EARMARK-OBAMA: IT’S RAINING THIEVES
VIDEOS, EARMARKS DATABASE, CONGRESS VOTES
9,000 EARMARKS: Obama promised no earmarks, but he just signed the Omnibus Bill
which includes almost 9,000 earmarks – all going to pay politicians’ special interest groups:$6.6 Million for termite research
$5.8 Million for Ted Kennedy Institute for the Senate
$5.0 Million for sugarbeet/avian disease
$3.8 Million for tiger stadium
$2.7 Million for wood education (??)
$2.2 Million for grape genetics
$819,000 for catfish genetics
$800,000 for oyster rehabilitation
$200,000 for tattoo removal…and more [...]
|AIG-OBAMA: LAUNDERING OUR MONEY?
AIG donated money to politicians. Politicians facilitated bailout money for AIG. AIG then distributed bailout money to other banks in USA and abroad.
Also: Bonus Loophole that allowed AIG bonuses in H.R.1 under section 7001 ‘Executive Compensation and Corporate Governance’:
Government Printing Office, go to page 404. ReadTheStimulus.
Library of Congress (Thomas), select H.R.1.ENR, then DIVISION B, TITLE VII, SEC. 7001(b)(3)(D)(iii).
|…and more [...]|
CUBA COMES TO AMERICA!!
OUR SENATORS SELL OUR FREEDOM
U.S. Senate just approved Obama’s ‘Stimulus’ Bill which will keep us in debt for generations. As if that is not enough, the Senators added Universal Health care in the bill.
The Vote: Final passage vote: 61-37
Who betrayed us?…….and more…[...]
COJONES back in GOP. Thank you!
All Republicans & 11 Democrats voted in a bi-partisan way….against it!
…see how your legislators voted…
STIMULUS BILL (a.k.a BRIBE $850 Billion Bill, or PORKULUS)
STIMULUS (BRIBE) PACKAGE BEING RAMMED BY OBAMA
*THE NEW $825 BILLION PROPOSAL (PLUS $346 BILLION IN INTEREST) INCLUDES MORE WASTE:
$21 Million for sod
$200 Million for the National Mall
$600 Million for new cars for the federal government
$650 Million for digital TV coupons*WHY SPENDING DOES NOT STIMULATE THE ECONOMY
*WHY CUTTING TAXES TO AMERICANS & BUSINESSES IS BEST
*WHY WE CANNOT AFFORD OBAMA’S DEBT PLAN
*WHY FDR’S NEW DEAL = RAW DEAL….and more facts……and more [...]
BAILOUTS LIST – thru Nov. 2008
BAILOUTS Promised thru Nov. 2008….$8 TRILLION
MORE GOVERNMENT TAKEOVER – TAXPAYERS WILL HAVE TO PAY FOR IT.
click image to enlarge
COSTS: 2008 BAILOUTS vs. WARS
COST OF BAILOUTS IN 2008 (incomplete list)
● $152 Billion The Stimulus Package
● $29 Billion Bear Stearns
● $9 Billion IndyMac Bank seized by Federal Reserve
● $42.5 Billion Housing & Economic Recovery H.R. 3221
● $200 Billion Fannie Mae and Freddie Mac Takeover
● $87 Billion Lehman Brothers: repayments to JPMorgan
● $70 Billion Lehman Brothers
● $85 Billion AIG Bailout
● $50 Billion Money Market Mutual Fund Backings
● $700 Billion Bad Loans Bailout
$1.5 TRILLION DOLLARS (estimated)
COST OF WARS
COSTS OF MAJOR WARS (2008 dollars for total cost for duration of that war and their costs as a percentage of GDP in each of their peak years)
● World War II . . . . . . . . . . . . . . . . . . . .$4.1 Trillion (35.8% of GDP)
● Vietnam War . . . . . . . . . . . . . . . . . . . .. . $686 Billion (2.3% of GDP)
● Iraq war . . . . . . . . . . . . . . . . . . . . . . . . $648 Billion (1% of GDP)
● Afghanistan/ Global War On Terror . . . $171 Billion (0.3% of GDP)
● Post 9/11 domestic security . . . . . . . . . $ 33 Billion (0.1% of GDP)
…and more [...]
|* Status of Appropriations Legislations|
|* Senate Roll Call votes|