Posts with the tag economy
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Be Apart of History - 3million 4 Obama!!!!
BY DAVID BOLDEN - NOV 26TH, 2008 AT 2:13 PM EST
This is a beginning of a new chapter in World History. For the first time. World has a new leader. Leader of Change, Leader of Principle, Leader Character, Leader to Bring the world Peace, and realize the ability to have for all people around the world to help each other to better help bring the world closer to Unity.
Tell your family, friends, co-workers, church family and anybody who wants to be apart of this historical event. Bring your Children young and college students as well. Dont sit home and watch on Television witness the experience live and u can tell your Grandchildren about Presidental Inauguration 2009. We have Bus Tickets very affordable. Just join my group. Please Pass it on and dont be left out on history!
To Purchase bus tickets click the link below or type in at the top.
http://www.get2theevent.eventbrite.com
Join Groups
http://facebook.com go to Groups search for “Be Apart of History”
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http://groups.blackplanet.com/3million4obama
Question please email: 3million4obama@gmail.com
Disclaimer: Purpose of this blog is to bring notice for those interested in attending the presidential inauguration 2009 at an affordable price. Also, to gain membership to my "3million4obama" facebook, myspace, and blackplanet group. This is private not affilaited in anyway with the Democratic Party, President-Elect Obama or staff.
BY DAVID BOLDEN - NOV 26TH, 2008 AT 2:13 PM EST
This is a beginning of a new chapter in World History. For the first time. World has a new leader. Leader of Change, Leader of Principle, Leader Character, Leader to Bring the world Peace, and realize the ability to have for all people around the world to help each other to better help bring the world closer to Unity.
Tell your family, friends, co-workers, church family and anybody who wants to be apart of this historical event. Bring your Children young and college students as well. Dont sit home and watch on Television witness the experience live and u can tell your Grandchildren about Presidental Inauguration 2009. We have Bus Tickets very affordable. Just join my group. Please Pass it on and dont be left out on history!
To Purchase bus tickets click the link below or type in at the top.
http://www.get2theevent.eventbrite.com
Join Groups
http://facebook.com go to Groups search for “Be Apart of History”
http://groups.myspace.com/3million4obama
http://groups.blackplanet.com/3million4obama
Question please email: 3million4obama@gmail.com
Disclaimer: Purpose of this blog is to bring notice for those interested in attending the presidential inauguration 2009 at an affordable price. Also, to gain membership to my "3million4obama" facebook, myspace, and blackplanet group. This is private not affilaited in anyway with the Democratic Party, President-Elect Obama or staff.
Never before have I been so disturbed by the Federal Government, and the people that are suppose to represent us. A free economy is an economy free from foreign obligations. NOT on conduct of business. So far, no person has recognized that the United States has been invaded. Not by an army of men to rule over the country, that takes too much money and too many resources, and the purpose is to benefit from the objects of economical wealth. It's not industry, but the people. Industry cannot exist unless there are people to commit their labor to it. The Constitution allowed direct taxes on the states as long as such a tax were apportioned by the true measure of a states wealth, the people.
The $700 Billion Bailout went to the largest banks in the world. And they used it to buy American Banks that according to people employed at those companies, weren't insolvent, but forced out of business while a larger banks acquires them. This is a classic advantage taken by corporations to help hide their own insolvency.
Our Bailout saved International Banks that are invested in countries like China, Korea, and Saudi Arabia. As the Auto industry is most concerned, China and Korea own Auto Manufacturing Corporations that exist in the U.S. > All profits return to the country that own the company. What happens to Americans when all their businesses of manufacturing are owned by foreign governments? Less money, less concern for the general welfare, and involuntarily servitude without rebellion. As long as the people don't know they're foreign owned, who'll complain?
Americans, each having a right to bear arms, could have a detrimental affect on any physical invasion of our borders. The wealth of a nation like ours is property and laborers. Throughout history, there were often wars that were described differently than those known to use force. This was most beneficial because loss of life was a loss of labor, and killing off all your slaves is like throwing away money. Warconomy is real, it's here, and if you're bank account isn't in the billions, you're likely to have elected your masters.
Foreign contaminates aren't foreign as in another country, but foreign or not part of the object or establishment. The same is true in the Constitution. Foreign means anything outside the government being established. You are doomed. There is nothing you can do, so just think about what might happen to you, and how it is your own ignorance for what is to come.
The $700 Billion Bailout went to the largest banks in the world. And they used it to buy American Banks that according to people employed at those companies, weren't insolvent, but forced out of business while a larger banks acquires them. This is a classic advantage taken by corporations to help hide their own insolvency.
Our Bailout saved International Banks that are invested in countries like China, Korea, and Saudi Arabia. As the Auto industry is most concerned, China and Korea own Auto Manufacturing Corporations that exist in the U.S. > All profits return to the country that own the company. What happens to Americans when all their businesses of manufacturing are owned by foreign governments? Less money, less concern for the general welfare, and involuntarily servitude without rebellion. As long as the people don't know they're foreign owned, who'll complain?
Americans, each having a right to bear arms, could have a detrimental affect on any physical invasion of our borders. The wealth of a nation like ours is property and laborers. Throughout history, there were often wars that were described differently than those known to use force. This was most beneficial because loss of life was a loss of labor, and killing off all your slaves is like throwing away money. Warconomy is real, it's here, and if you're bank account isn't in the billions, you're likely to have elected your masters.
Foreign contaminates aren't foreign as in another country, but foreign or not part of the object or establishment. The same is true in the Constitution. Foreign means anything outside the government being established. You are doomed. There is nothing you can do, so just think about what might happen to you, and how it is your own ignorance for what is to come.
It seems to me that Congress has a concept in which they draw their conclusions when drafting and voting on a bill. From the fact that people are very different, it follows that, if we treat them equally, the result must be inequality. To be equal would be to treat them differently. Equality "before the law" and "material equality" are not only different, but are in direct conflict with each other, and we can achieve either one or the other, but not both at the same time.
The banks, Congress, and executive staff are responsible for breaking the economy. Just because people couldn't afford unjust loans (intended to realize a year or two of interest, only to foreclose and sell it again for more than what was left.) doesn't put them entirely at fault. These people have already been punished for their poor decision making, and hopefully learned from the experience. Doesn't it seem odd though? The party who obligates themselves to a loan with excessive rates and provisions are the first ones to pay a price, yet banks have continually made these deals over and over and over again, with the express approval of the Executives. Stock holders placed their trust in these companies, which was a choice of their own, however misplaced. Yet, banks pay shareholders dividends, from money that was meant to enable banks to lend again. The people who are first to receive any benefit from the economic rescue are the same people whose irresponsible and disgusting morals helped support a policy based on greed to prevent "risks" aka "taking advantage of people by always putting them at a disadvantage." Read More »
The banks, Congress, and executive staff are responsible for breaking the economy. Just because people couldn't afford unjust loans (intended to realize a year or two of interest, only to foreclose and sell it again for more than what was left.) doesn't put them entirely at fault. These people have already been punished for their poor decision making, and hopefully learned from the experience. Doesn't it seem odd though? The party who obligates themselves to a loan with excessive rates and provisions are the first ones to pay a price, yet banks have continually made these deals over and over and over again, with the express approval of the Executives. Stock holders placed their trust in these companies, which was a choice of their own, however misplaced. Yet, banks pay shareholders dividends, from money that was meant to enable banks to lend again. The people who are first to receive any benefit from the economic rescue are the same people whose irresponsible and disgusting morals helped support a policy based on greed to prevent "risks" aka "taking advantage of people by always putting them at a disadvantage." Read More »
Succumb to the immense pressure of the lobbyist companies in favor of the automakers he probably loose the great opportunity he has now to reshape the country and all this mess in to successfully and productive economy.
When I see Nancy Pelosi, Harry Reid, and all this lawmakers make pressure in favor of this incense policy instead have measure due to the big failure of the previous bailout they craft in the most irresponsible act of congress since the great depression. I have not doubt how much power this industries have.
In conclusion is time for real change instead throwing the money to the trash using this money for companies who already are dead because they fail to be competitive and productive.
I am not against these companies, I like the GMC Subaru, but in terms of competitiveness they are out of the market; they can’t compete in any way with his close competitors like Toyota or Honda. These two foreign automakers as an example invest a lot of money in this country, building lines of production that send to the market products made by Americans hard workers full of competitiveness among of quality and price.
By the way I just heard today this automaker from Detroit who are begin for government bailout using the taxpayer money, have a huge investment in the markets; they are bankers too, and they profited for a lot in this business, then now this is one of the reasons they are in troubles. They want easy money and they playing hard in the game of taking risk instead of made real changes in his line of production and adequate his products according to the new reality.
I just wondered if the new administration can resist such behavior and temptation instead made structural correction to the economy.
I hope Barack Obama don't loose the great opportunity he receive clearly form the people of this country and don't defraud the next generation of Americans who are watching very close what his going to do.
It's about time, let's see what happens
Percy H Florez
When I see Nancy Pelosi, Harry Reid, and all this lawmakers make pressure in favor of this incense policy instead have measure due to the big failure of the previous bailout they craft in the most irresponsible act of congress since the great depression. I have not doubt how much power this industries have.
In conclusion is time for real change instead throwing the money to the trash using this money for companies who already are dead because they fail to be competitive and productive.
I am not against these companies, I like the GMC Subaru, but in terms of competitiveness they are out of the market; they can’t compete in any way with his close competitors like Toyota or Honda. These two foreign automakers as an example invest a lot of money in this country, building lines of production that send to the market products made by Americans hard workers full of competitiveness among of quality and price.
By the way I just heard today this automaker from Detroit who are begin for government bailout using the taxpayer money, have a huge investment in the markets; they are bankers too, and they profited for a lot in this business, then now this is one of the reasons they are in troubles. They want easy money and they playing hard in the game of taking risk instead of made real changes in his line of production and adequate his products according to the new reality.
I just wondered if the new administration can resist such behavior and temptation instead made structural correction to the economy.
I hope Barack Obama don't loose the great opportunity he receive clearly form the people of this country and don't defraud the next generation of Americans who are watching very close what his going to do.
It's about time, let's see what happens
Percy H Florez
One of the biggest assumptions made by the republicans is that if you lower the tax rate for the rich then they will spend more, which will then help the economy grow. The point about the rich spending more, if given more, may be legitimate but here is the problem with that. It doesn't add up with the numbers I have put together on the back of an envelope. For the following example I gathered the census data about the wealth distribution in America from this site Link.
1% own 33.4% of the Total net worth
19% own 51% of the Total net worth
80% own 15.5% of the Total net worth
Just doing some simple math we can get to the top 5% and the bottom 95% in the following distribution:
5% own 44.14% of the Total net worth
95% own 55.76% of the Total net worth
That is a combined Total net worth of 99.9%, so please consider 0.1% as an error term. Obama campaign says that they will take the tax rate for the top 5% to the Clinton years, which is from current approx. 35% to 39%. Now let's assume for the sake of simplicity that Total Net Worth in the U.S. is $10,000,000. Then we get the following numbers:
Top 5% own $4,414,000 of Total Net Worth
Bottom 95% own $5,576,000 Total Net Worth
Now, if we increase the tax on the top 5% by 4% we get $176,000 and the same 4% reduction on the bottom 95% gives us $223,000. So, if we give the bottom 95% a tax break we see that we see a potential increase in spending of $223,000 vs a decrease of $176,000 in spending by the rich. I am not done yet. It is clear that people can spend a finite amount that is they can only spend so much before they get exhausted therefore we can clearly see that the bottom 95% will help the economy grow faster than the top 5%. Of course I am looking projecting this my analysis to exponentially higher figures than my $10,000,000.
Former Sen. Larry Pressler (R-S.D.), who was the first Vietnam veteran to serve in the United States Senate, is the latest Republican to back Sen. Barack Obama's presidential campaign.
Pressler "cited the Democrat's response to the financial crisis as the primary reason for his decision."
"I just got the feeling that Obama will be able to handle this financial crisis better, and I like his financial team of [former Treasury Secretary Robert] Rubin and [former Federal Reserve Chairman Paul] Volcker better," he said. By contrast, John McCain's "handling of the financial crisis made me feel nervous."
In response to comments with the Reuters article, "U.S. has plundered world wealth with dollar": Fri Oct 24, 2008 6:14am based on The front-page commentary in the overseas edition of the People's Daily stating that Asian and European countries should banish the U.S. dollar from their direct trade relations for a start, relying only on their own currencies.in the reposted in its entirety (see at bottom). Read More »
US Intelligence caused the 2008 Financial Crisis!
Reseach Study Materials 5 Read More »
Reseach Study Materials 5 Read More »
How US Intelligence caused the 2008 Financial Crisis! Reseach Study Materials 4 Read More »
How US Intelligence caused the 2008 Financial Crisis!
Reseach Study Materials 3 Read More »
Reseach Study Materials 3 Read More »
How US Intelligence caused the 2008 Financial Crisis! Reseach Study Materials 2 Read More »
How US Intelligence caused the 2008 Financial Crisis! Reseach Study Materials 1 Read More »
If the Conservatives Steal the Election,
Her moves are just what her boss, John McCain, needs, her long practiced-in-the-mirror smile the perfect accessory for this inanely dumb broad who would start a nuclear war with America and God's enemies with as much restraining consideration as she gives to her hilarious misunderstanding of the duties of the day job she is waggling her tongue and butt vivaciously to be elected to. She is our Caribou Barbie robo-doll with the brain function removed. There is a reason that the RNC, as directed from Crawford, Texas by the fellow with the real power to steal the election, insisted she speak to NBC's Brian Williams only with uncle John sitting beside her to run interference, for on a bad day, which she seems to have a lot of, semi-sweet Sarah is not able to tell a moose call from a duck quack. So better that we not be complacent about the efforts the power mad conservatives will make to steal this election and bleed, if we have to, to get out the vote for Obama and protect, with as large an army of poll watchers as we can muster, against every form of deceptive ballot disqualification the sneaky rat conservatives will employ.
And be very aware, all you voters holding stocks, of Palin's distraction from the monstrous and disgusting ploy that seems to be about to take place on Wall Street. The Great Depression II may very well be put on hold for a couple of weeks through a surprising, if temporary, stock market recovery, just in time for Election Day. Unbeknownst to most, the market is not innocent and can be jiggered through big player collusion. All that's necessary is lots of money to boost it up, money readily available to the Republican CEO'd stock trading investment banks and mutual funds from the bailout with this grand fiasco further fostered by the deceptive encouragements and stimulus promises coming from the White House stooges, Paulson and Bernanke. These stratagems to steal the election have been in the planning since the beginning of the Republican campaign along with various forms of bogus ballot disqualifications, well polished from their successful use by the conservatives in Florida and Ohio in the last two elections. Election stolen, not that farfetched, plus McCain dying, not that farfetched, equals evangelist nuclear Armageddon accidently triggered to fulfill the will of God, not that farfetched. Let's nip it in the bud by making sure that Part I doesn't happen on Election Day.
Mrs, Ruth Calabria
http://www.matrix-evolutions.com
Her moves are just what her boss, John McCain, needs, her long practiced-in-the-mirror smile the perfect accessory for this inanely dumb broad who would start a nuclear war with America and God's enemies with as much restraining consideration as she gives to her hilarious misunderstanding of the duties of the day job she is waggling her tongue and butt vivaciously to be elected to. She is our Caribou Barbie robo-doll with the brain function removed. There is a reason that the RNC, as directed from Crawford, Texas by the fellow with the real power to steal the election, insisted she speak to NBC's Brian Williams only with uncle John sitting beside her to run interference, for on a bad day, which she seems to have a lot of, semi-sweet Sarah is not able to tell a moose call from a duck quack. So better that we not be complacent about the efforts the power mad conservatives will make to steal this election and bleed, if we have to, to get out the vote for Obama and protect, with as large an army of poll watchers as we can muster, against every form of deceptive ballot disqualification the sneaky rat conservatives will employ.
And be very aware, all you voters holding stocks, of Palin's distraction from the monstrous and disgusting ploy that seems to be about to take place on Wall Street. The Great Depression II may very well be put on hold for a couple of weeks through a surprising, if temporary, stock market recovery, just in time for Election Day. Unbeknownst to most, the market is not innocent and can be jiggered through big player collusion. All that's necessary is lots of money to boost it up, money readily available to the Republican CEO'd stock trading investment banks and mutual funds from the bailout with this grand fiasco further fostered by the deceptive encouragements and stimulus promises coming from the White House stooges, Paulson and Bernanke. These stratagems to steal the election have been in the planning since the beginning of the Republican campaign along with various forms of bogus ballot disqualifications, well polished from their successful use by the conservatives in Florida and Ohio in the last two elections. Election stolen, not that farfetched, plus McCain dying, not that farfetched, equals evangelist nuclear Armageddon accidently triggered to fulfill the will of God, not that farfetched. Let's nip it in the bud by making sure that Part I doesn't happen on Election Day.
Mrs, Ruth Calabria
http://www.matrix-evolutions.com
Corporations have made major mistakes, and rather than admitting to it when the signs were first noticeable, they tried splitting up the risks into securities to slow down the possibility someone will notice so they can continue to sell their stock options and increase their wealth by Millions.. (Lehman Bros. CEO received over $400 Million over 10 years.)
Do you know that Paulson made over $36,000,000 annually as his normal salary? Now... Why in the world would any logical person decide to leave Goldman Sachs making that kind of money? He could have easily suggested someone who could contact him for suggestions and have continued to receive his salary and avoid any direct conflict of interest. He started CEO in 1999 and ended (supposedly in 2006) and reported the maximum level on the report of over $50,000,000 4 different times. (according to the PDF reporting documents on the opensecrets.org website. Other groups like "Omega Advisors, Inc. Multimarket Hedgefund" that pays interest, dividends and Capital Gains, has many real estate service investments in areas of the Country that showed the highest number of fraudulent loaning. Some of the assets that could be bought are homes in Indiana valued at $80,000 but had been assessed (yes they have assessment service investments as well) at well over $300,000. Our economic policies are flawed, and it is nothing more than an ancient embezzling scheme that always seems to find its way into every civilized nation. Funny how wherever we invoke war... it's in the few places around the globe that doesn't support the Goldman-Sachs/JP Morgan banking system.
The truth of the matter is, nationally based corporations are contrary to a stable economy. If you pay for a service in your state, that company needs to be based and have all of their service support within that state. (I'd even go as far as saying in that county.) The goal of each state should be to keep as much of the money spent by their residents inside the state. To have support in another state only drains more and more money from the local economy. Read More »
Do you know that Paulson made over $36,000,000 annually as his normal salary? Now... Why in the world would any logical person decide to leave Goldman Sachs making that kind of money? He could have easily suggested someone who could contact him for suggestions and have continued to receive his salary and avoid any direct conflict of interest. He started CEO in 1999 and ended (supposedly in 2006) and reported the maximum level on the report of over $50,000,000 4 different times. (according to the PDF reporting documents on the opensecrets.org website. Other groups like "Omega Advisors, Inc. Multimarket Hedgefund" that pays interest, dividends and Capital Gains, has many real estate service investments in areas of the Country that showed the highest number of fraudulent loaning. Some of the assets that could be bought are homes in Indiana valued at $80,000 but had been assessed (yes they have assessment service investments as well) at well over $300,000. Our economic policies are flawed, and it is nothing more than an ancient embezzling scheme that always seems to find its way into every civilized nation. Funny how wherever we invoke war... it's in the few places around the globe that doesn't support the Goldman-Sachs/JP Morgan banking system.
The truth of the matter is, nationally based corporations are contrary to a stable economy. If you pay for a service in your state, that company needs to be based and have all of their service support within that state. (I'd even go as far as saying in that county.) The goal of each state should be to keep as much of the money spent by their residents inside the state. To have support in another state only drains more and more money from the local economy. Read More »
This "Economic Crisis" has happened previously in 1903, 1864, 1840, 1808, etc. The laws to regulate such practices were put in place, only to later be removed again by politicians to promote economic growth. Amazing how growth leads to depression. Too bad the economy can't take Paxil.
The "Credit Score" of a country is determined by potential production of surplus, and is paid off through taxation. This means that the people of the United States could potentially freeze the availability of Credit to the United States by not paying taxes. If the Credit of the United States, (which bankers, Executive Staff, and the Stock Market all rely on to fund their extravagant lifestyles) rely primarily on the lower and middle classes in order to obtain credit themselves, then why is it that the American Citizens have to pay off the debt of the country whose deficit exists in order to create companies to increase the number of jobs, so that more people can afford to be taxed and participate in a voluntary form of slavery through Banking Theft.
In actuality, the $5 Trillion of debt owed by the United States is based on the $300 Million people that live here. Each person being worth nearly $16,666.67 of credit that has already been extended to the Government, and it increases by at least $1,000 per person each year based on 6% Interest.
So, General Motors, Chrysler, Microsoft, AT&T, Haliburton, etc.. All owe their existance to the people in the United States. If I recall correctly, banks borrow money from the Federal Reserve with Interest. Public companies have shareholders invest their money in order to pay for operating expenses of that business. Now, it would seem to me that if a corporation sells stock to create capital, and the executives of that corporation receive stock options or grants in excess of an already excessive salary, they are really just borrowing money, and embezzling the profits made. Shouldn't those profits go to shareholders? Why isn't Job Stability a sufficient incentive to executive officers who often make between $200,000 and $1,000,000 a year annually? I would think that a person making a salary like that would do everything in their power to ensure the value of their employment has high returns for people who have invested.
There's a fee that is paid to banks to borrow money on the credit of the bank, who pays a fee to the Federal Reserve to borrow money on the Credit of the United States. Why...
“Those who do not learn from history are doomed to repeat it.” -- George Santayana quotes (Spanish born American Philosopher, Poet and Humanist who made important contributions to aesthetics, speculative philosophy and literary criticism. 1863-1952) This housing market debacle that has occurred under George W. Bush's watch can be traced back to many of the same causes as the Savings & Loan debacle during Reagan's watch on October 1987: it's about how deregulation sets the market up for failure. This problem goes back to Carter. And every administration and every Congress since then has been complicit in this mess. The reason they waited until it was too late to put it off is that they are ALL in bed with the financial contributors. This year, Dodd, our Senate Banking Committee chair, got the most from the investment houses, Obama was second. (www.opensecrets.org). But, none of them are blameless. James A. "Jim" Johnson, a close friend of Richard Daley and the Chicago Daley political machine, Franklin Raines, Tim Howard, Jamie Gorelick and Penny Pritzker are Obama advisors, and McCain had Rick Davis as his campaign manager. Read More »
Part of the problem with the bailout, per Dennis Kucinich.
"Globalization of the debt puts the United States in the position that in order
to repay the money that we borrow from the banks (for the banks) we could be forced
to accept International Monetary Fund dictates which involve cutting health, social
security benefits and all other social spending in addition to reducing wages and
exploiting our natural resources. This inevitably leads to a loss of economic,
social and political freedom."
I don't know about you, but I would rather be poor and free...
peace,
marsha
"Globalization of the debt puts the United States in the position that in order
to repay the money that we borrow from the banks (for the banks) we could be forced
to accept International Monetary Fund dictates which involve cutting health, social
security benefits and all other social spending in addition to reducing wages and
exploiting our natural resources. This inevitably leads to a loss of economic,
social and political freedom."
I don't know about you, but I would rather be poor and free...
peace,
marsha
Hey, Henry Paulson
by Nick Feden
(To the tune of "Hey, Delilah" by the Plain White T’s)
Hey Henry Paulson,
What’s it like in New York City?
Heard that AIG was coming down,
But now they’re sitting pretty.
Thanks to you.
Man, I could use a bailout too,
I swear it’s true.
Hey Henry Paulson,
Don’t you worry ‘bout explaining,
We’ll just borrow from our grandchildren,
I don’t hear them complaining.
Sleight of hand,
Just in case you need a back up plan-
Invade Iran.
Oh it's what you do to me
Oh it's what you do to me
Oh it's what you do to me
Oh it's what you do to me
What you do to me.
Hey Henry Paulson,
I know times are getting hard,
And when the housing prices fell
Your friends were hoist by their petard.
Oh, what a swerve.
That we should get what they deserve.
It seems absurd.
Hey Henry Paulson,
I’ve got so much more to say,
But all the banks I couldn’t pay my debt to
Took my words away,
Then came to you,
Now you offer them my money too?
Henry, Et tu?
Oh it's what you do to me
Oh it's what you do to me
Oh it's what you do to me
Oh it's what you do to me
A trillion bucks seems pretty large,
To put into a great big barge,
Then close our eyes and just give you the key.
You’ll come back in a ragged raft,
With remnants of their criminal acts,
And sell us what they couldn’t dump for free.
Henry I can promise you,
That by the time that you get through,
The USA will never be the same,
And you’re to blame.
Hey Congress People,
Just be good and don’t you listen.
Two months and he’ll be outta here
And you just might be with him, if you do.
You know it all comes down to you.
You can vote however you want to.
Hey Henry Paulson here’s to you,
This one’s for you.
Oh it's what you do to me
Oh it's what you do to me
Oh it's what you do to me
Oh it's what you do to me
What you do to me.
by Nick Feden
(To the tune of "Hey, Delilah" by the Plain White T’s)
Hey Henry Paulson,
What’s it like in New York City?
Heard that AIG was coming down,
But now they’re sitting pretty.
Thanks to you.
Man, I could use a bailout too,
I swear it’s true.
Hey Henry Paulson,
Don’t you worry ‘bout explaining,
We’ll just borrow from our grandchildren,
I don’t hear them complaining.
Sleight of hand,
Just in case you need a back up plan-
Invade Iran.
Oh it's what you do to me
Oh it's what you do to me
Oh it's what you do to me
Oh it's what you do to me
What you do to me.
Hey Henry Paulson,
I know times are getting hard,
And when the housing prices fell
Your friends were hoist by their petard.
Oh, what a swerve.
That we should get what they deserve.
It seems absurd.
Hey Henry Paulson,
I’ve got so much more to say,
But all the banks I couldn’t pay my debt to
Took my words away,
Then came to you,
Now you offer them my money too?
Henry, Et tu?
Oh it's what you do to me
Oh it's what you do to me
Oh it's what you do to me
Oh it's what you do to me
A trillion bucks seems pretty large,
To put into a great big barge,
Then close our eyes and just give you the key.
You’ll come back in a ragged raft,
With remnants of their criminal acts,
And sell us what they couldn’t dump for free.
Henry I can promise you,
That by the time that you get through,
The USA will never be the same,
And you’re to blame.
Hey Congress People,
Just be good and don’t you listen.
Two months and he’ll be outta here
And you just might be with him, if you do.
You know it all comes down to you.
You can vote however you want to.
Hey Henry Paulson here’s to you,
This one’s for you.
Oh it's what you do to me
Oh it's what you do to me
Oh it's what you do to me
Oh it's what you do to me
What you do to me.
By the time this is published, Congress and President Bush will have already hammered out phase one of the big bailout of 2008. Despite being unpopular by liberals and conservatives alike for many of the same reasons, the code red fear factor will likely carry this bill to fruition. The last thing this Congress wants is to be seen as a bickering over petty differences as the economy collapses. However, what this Congress is forgetting is that this bill isn't being held up by petty partisan differences, but by bipartisan opposition and reservations about surrendering the power of the purse to unaccountable, unelected government officials. Read More »
This has had me thinking a great deal. I think I have a better solution that would ensure the american people don't get robbed.
1. Have each state setup a Banking Establishment. These banks will hire people to evaluate the properties that are in default. They will offer a loan at current market value of the home in question. At that point, a new contract with the original loan corporation will be written. They will no longer have a secured loan. They will have the opportunity to collect the remaining balance INTEREST FREE. A minimum payment will be required on that loan each month. The remainder of the loan can only be enforced after bankruptcy if all other loans made by the company reduces their interest rates to below 5%.
People may consider this unfair to the businesses who exist for the purpose of making money. To be honest, the fact is, these banks have made a tremendous amount of money. Most home loans are paid within 15-20 years from the day they were issued, the rest usually is compounded interest. For 10-15 years?
I notice the chairman of todays committee that is interviewing the Treasury Secretary, and Federal Reserve Chairman is short today on interesting conclusions by committee members that oppose the $700 Billion 'gift'. Ultimately, once these debts are removed from these corporations, their stocks will sky rocket. That's why they want to offload these bad deals. You make a bad deal, you and your stockholders are responsible for those decisions. If the financial markets are not stablized the situation could be severe. Okay... I agree there could be a severity... but the people would pay a great deal by offering $700 Billion toward these bad debts which are likely to be worth only $200 Billion at most. That's assuming the majority of them aren't fraudulently. Since 2001, there was a sudden increase in fraudulent loans made across the nation.
The truth of the matter is... The victims of greed are being asked to support an economical plan that has benefited the rich and wealthy investments. I wouldn't go as far as accusing the Secretary of the Treasury, or Federal Reserve Chairman of a conspiracy to commit fraud. I would say that if they aren't guilty of fraud, then they are guilty of ignorant actions. I'd hate to say it, but the Bush Administration, and many voters act on ignorant information.
If there's a hole in the boat because your boat is in a river of lava... trying to patch the hole would appear to me as being pointless. Hope is a powerful tool. Hope is more powerful than money itself. That is why our economy is based on hope. Some hopes are squashed, others are realized. Either way, somebody pays. There is not difference between going to the Casino and spending most of your money trying to become instantly rich. As we know, most of the winnings are held by the Casino... In this case, the Casino is owned by the banks. And they want government to back these poor choices... the fact is... The Casino will always make more than what they will give out. It's almost like Government, except government will always spend more than what they receive.
2. If the current $700 Billion is to go through, it needs to be passed so that taxpayers are no longer the source for taxation, except for sales tax. NO EXEMPTIONS. Instead, going back to the true tax model in the Constitution... There are direct taxes (which is a tax on property, or Capitation tax which is a per head tax.. and is unconstitutional.) and indirect taxes (Sales Tax, Tax on Services, tax on financial gains.). These two forms of taxation must be uniform throughout the United States. Direct taxation by apportionment throughout the United States. I would recommend that the division would be by the number of Representation within Congress that are elected by the people. Indirect taxation must be uniform throughout the United states. This means the total tax law must be either a firm percentage on all of the items being taxed. (Taxes are usually paid by the person paying for the service. So that should also include Labor which is considered a service, yet American people are expected to pay for their own sale of labor, which is necessary to support their families. In the case of direct taxes, the service we are paying for is Federal Defense, and General Welfare.)
The taxation process need to go to those who burden the government the most. Sales taxation is okay for me, because all people who need to buy ANYTHING is taxed equally. The current scheme is unfair and unequal. If people are taxed... they should be taxed equally, and that taxation could be avoided by growing or raising your own foods. Read More »
1. Have each state setup a Banking Establishment. These banks will hire people to evaluate the properties that are in default. They will offer a loan at current market value of the home in question. At that point, a new contract with the original loan corporation will be written. They will no longer have a secured loan. They will have the opportunity to collect the remaining balance INTEREST FREE. A minimum payment will be required on that loan each month. The remainder of the loan can only be enforced after bankruptcy if all other loans made by the company reduces their interest rates to below 5%.
People may consider this unfair to the businesses who exist for the purpose of making money. To be honest, the fact is, these banks have made a tremendous amount of money. Most home loans are paid within 15-20 years from the day they were issued, the rest usually is compounded interest. For 10-15 years?
I notice the chairman of todays committee that is interviewing the Treasury Secretary, and Federal Reserve Chairman is short today on interesting conclusions by committee members that oppose the $700 Billion 'gift'. Ultimately, once these debts are removed from these corporations, their stocks will sky rocket. That's why they want to offload these bad deals. You make a bad deal, you and your stockholders are responsible for those decisions. If the financial markets are not stablized the situation could be severe. Okay... I agree there could be a severity... but the people would pay a great deal by offering $700 Billion toward these bad debts which are likely to be worth only $200 Billion at most. That's assuming the majority of them aren't fraudulently. Since 2001, there was a sudden increase in fraudulent loans made across the nation.
The truth of the matter is... The victims of greed are being asked to support an economical plan that has benefited the rich and wealthy investments. I wouldn't go as far as accusing the Secretary of the Treasury, or Federal Reserve Chairman of a conspiracy to commit fraud. I would say that if they aren't guilty of fraud, then they are guilty of ignorant actions. I'd hate to say it, but the Bush Administration, and many voters act on ignorant information.
If there's a hole in the boat because your boat is in a river of lava... trying to patch the hole would appear to me as being pointless. Hope is a powerful tool. Hope is more powerful than money itself. That is why our economy is based on hope. Some hopes are squashed, others are realized. Either way, somebody pays. There is not difference between going to the Casino and spending most of your money trying to become instantly rich. As we know, most of the winnings are held by the Casino... In this case, the Casino is owned by the banks. And they want government to back these poor choices... the fact is... The Casino will always make more than what they will give out. It's almost like Government, except government will always spend more than what they receive.
2. If the current $700 Billion is to go through, it needs to be passed so that taxpayers are no longer the source for taxation, except for sales tax. NO EXEMPTIONS. Instead, going back to the true tax model in the Constitution... There are direct taxes (which is a tax on property, or Capitation tax which is a per head tax.. and is unconstitutional.) and indirect taxes (Sales Tax, Tax on Services, tax on financial gains.). These two forms of taxation must be uniform throughout the United States. Direct taxation by apportionment throughout the United States. I would recommend that the division would be by the number of Representation within Congress that are elected by the people. Indirect taxation must be uniform throughout the United states. This means the total tax law must be either a firm percentage on all of the items being taxed. (Taxes are usually paid by the person paying for the service. So that should also include Labor which is considered a service, yet American people are expected to pay for their own sale of labor, which is necessary to support their families. In the case of direct taxes, the service we are paying for is Federal Defense, and General Welfare.)
The taxation process need to go to those who burden the government the most. Sales taxation is okay for me, because all people who need to buy ANYTHING is taxed equally. The current scheme is unfair and unequal. If people are taxed... they should be taxed equally, and that taxation could be avoided by growing or raising your own foods. Read More »
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