Filed under: Congress, corruption, deception, Dictatorship, Empire, health care, health care reform, Healthcare, House, Nancy Pelosi, obama care, obama deception, obamacare, pelosi, Senate
Pelosi on health care: ‘We have to pass the bill so you can find out what is in it…’
Dprogram.net
March 10, 2010
This comes from Speaker Pelosi’s speech today before the Legislative Conference for National Association of Counties. The boldface is mine:
“You’ve heard about the controversies within the bill, the process about the bill, one or the other. But I don’t know if you have heard that it is legislation for the future, not just about health care for America, but about a healthier America, where preventive care is not something that you have to pay a deductible for or out of pocket. Prevention, prevention, prevention—it’s about diet, not diabetes. It’s going to be very, very exciting.
“But we have to pass the bill so that you can find out what is in it, away from the fog of the controversy.”
Americans are precisely worried they will find out, the hard way, “what is in it,” after it’s been passed. Whence “the controversy.”
Filed under: carbon dioxide, Carbon Tax, climate change, CNN, Co2, Congress, copenhagen, Copenhagen treaty, corruption, DEBT, economic crisis, Economy, environmental taxation, global tax, global treaty, Global Warming, House, Jack Cafferty, main street, middle class, Nancy Pelosi, pelosi, scandal, Taxpayers, u.s. economy, world tax, world treaty
Pelosi spent $1 million taxpayer money on Copenhagen trip
Jack Cafferty
CNN
January 26, 2010
Hundreds of thousands of dollars.
That’s how much it cost for a delegation of 59 people – led by House Speaker Nancy Pelosi along with members of Congress, staff and in some cases spouses and kids – to go to Copenhagen, site of the Climate Summit, just before Christmas.
House Speaker Pelosi attends a press conference at the Copenhagen Climate Summit.
CBS News reports that for 21 Congressmen, food and rooms for two nights cost $4,400; and the Total hotel bill – including meeting rooms – was more than $400,000.
Pelosi used two military jets for herself and her party at a cost of more than $100,000 dollars in flight time.
Hundreds of thousands of dollars of taxpayer money. This has nothing to do with the Obama administration officials who went to Denmark to actually attend the summit.
Pelosi filed the required expense report – but so far has failed to explain why it was necessary for her and her colleagues to make the trip to Copenhagen in the first place. Her arrogance is absolutely breathtaking. As for the high hotel charges, Pelosi’s office says those who stayed two nights were charged a six-night minimum at the five-star Marriott. Information that was probably available before Pelosi and the freeloaders made their vacation plans.
Note to the House Speaker: We have skyrocketing deficits and national debt in this country. The President is talking about reigning in discretionary spending. I wonder if that would have included this junket by Pelosi and her colleagues. I would be curious to know where Nancy Pelosi gets her sense of entitlement to simply blow hundreds of thousands of dollars of our money at Christmas time so she and her colleagues can take a little trip to Copenhagen.
Filed under: Barack Obama, big pharma, conflict of interest, corporatism, Dictatorship, Empire, Fascism, forced health care, forced health insurance, government bureaucracy, government control, government regulation, health care, health insurance companies, health insurance mandate, Healthcare, IRS, main street, mandatory health care, mandatory health insurance, medical care, medical industrial complex, middle class, Nancy Pelosi, Nazi, Neolibs, obama, obama care, obama deception, obama fines, obama tax, obamacare, Oppression, Taxpayers
Obama Campaign Received $20 Million From Insurance Companies
Raw Story
January 12, 2010
While some sunlight has been shed on the hefty sums shoveled into congressional campaign coffers in an effort to influence the Democrats’ massive healthcare bill, little attention has been focused on the far larger sums received by President Barack Obama while he was a candidate in 2008.
A new figure, based on an exclusive analysis created for Raw Story by the Center for Responsive Politics, shows that President Obama received a staggering $20,175,303 from the healthcare industry during the 2008 election cycle, nearly three times the amount of his presidential rival John McCain. McCain took in $7,758,289, the Center found.
The new figure, obtained by Raw Story through an independent custom research request performed by the Center for Responsive Politics — a nonprofit, nonpartisan group that tracks money in politics — is the most comprehensive breakdown yet available of healthcare industry contributions to Obama during the 2008 election cycle.
Michael Moore says Democrats’ healthcare bill is giveaway to insurance industry
Howard Dean: ‘Obama-Care is a Insurance Company Bailout’
Filed under: bailout, Barack Obama, Ben Nelson, big pharma, Communism, Congress, depopulation, Dictatorship, Dissent, elderly, Empire, Eugenics, Fascism, fines, forced health care, forced health insurance, Genocide, government bureaucracy, government control, government regulation, H.R. 3962, Harry Reid, health care insurance, health care reform, health insurance mandate, Healthcare, healthcare rationing, howard dean, insurance bailout, main street, mandatory health care, mandatory health insurance, marxism, medicaid, medical industrial complex, medicare, medicare cuts, Michael Moore, middle class, Nancy Pelosi, nanny state, Nazi, Neolibs, obama, obama care, obama fines, obama tax, obamacare, oligarchy, Oppression, pelosi, Population Control, ralph nader, rationing, Senate, socialism, Taxpayers, Uncategorized, universal health care
Senate to Pass Obama Care by Christmas Eve
NoWorldSystem
December 21, 2009
Guess what’s under Big Government and Insurance Companies’ Christmas tree this year. . . that’s right, mandatory health insurance for Americans!
Senate Democrats secured their 60th vote after Sen. Ben Nelson (D-Neb.) declared his support for the draconian health insurance plan; “Change is never easy, but change is what’s necessary in America”.
The Senate voted to ‘kill the debate’ this morning at 1:15 a.m. while you were sleeping. 58 Democrats and 2 Independents favored the cloture while 40 Republicans voted against it. Unfortunately this is a Democrat-dominated Congress so obama-care is likely to pass the Senate by Christmas eve when the final vote will take place.
Obama and Senate Democrats are confident that this menacing legislation will pass, forcing millions of Americans to buy health insurance plans and will significantly cut medicare bringing pain to the elderly; “Let’s bring this long and vigorous debate to an end. Let’s deliver on the promise of health insurance reforms that will make our people healthier, our economy stronger and our future more secure” said Obama. “After a nearly century-long struggle, we are on the cusp of making health-care reform a reality”.
The lame-stream media constantly tries to propose that the Republicans are the only ones dissenting against health care ‘reform’, many on the left including Ralph Nader, Howard Dean and Michael Moore see through the this disastrous piece of legislation for what it truly is; nothing more than government takeover, shutting down the freedom of choice to have health care or not, increasing insurance prices and cutting medicaid and medicare coverage for the elderly.
Ralph Nader “This is what I meant a year ago when I said the next year will determine whether Barack Obama will be an Uncle Tom groveling before the demands of the corporations.”
Howard Dean “You know what this is, is a giant bailout. This is a bailout that makes AIG look cheap. 60 billion dollars a year goes to the insurance companies under this bill now if we can get a public option I think that’s ok but if you don’t have a public option why would you want to stick the taxpayers with yet another bailout. They bailed out the banks they bailed out AIG, this is a trillion dollar bailout.”
Michael Moore “The health insurance companies are going to make an extra $70 billion dollars as a result of Americans being forced to buy their health insurance,” “What company wouldn’t love this bill?”
Government Health Care: The Next Step On the Road to Tyranny and Slavery
Coburn: The Elderly Need to Fear Health Care Reform
ObamaCare: Buy Health Insurance Or Go To Jail
ObamaCare: Just Another Tax On The Middle-Class
Buy ObamaCare or Face Jail or $25,000 Fine
Health Insurance Mandate Includes ‘Tax’ Despite Obama Denial
Government Places Gag-Order On Medicare Companies Concerning Cuts
45% Of Doctors Might Quit If ObamaCare Passes Senate
ObamaCare Gives Dictatorial Powers to ‘Health Choices Commissioner’
Filed under: Barack Obama, big pharma, CBO, Communism, Dictatorship, Dissent, Empire, Fascism, government control, government regulation, H.R. 3962, health care, health care reform, health insurance mandate, Healthcare, healthcare rationing, JCT, mandatory health care, mandatory health insurance, medicaid, medical care, medical industrial complex, medicare, Nancy Pelosi, nanny state, Neolibs, obama, obama care, obama deception, obama fines, obama tax, obamacare, Oppression, ration, Senate, socialism, universal health care
Obama care’s final cloture vote passes Senate
The Heritage Foundation
November 21, 2009
 What Reid thinks about Americans. . . |
The Senate voted this evening by a 60-39 majority to commence debate on Senate Majority Leader Harry Reid’s bill that would radically expand government control over private health care decisions. The bill is over 2000 pages long, costs an estimated $2.5 trillion over the first ten years of implementation and carries a half trillion dollars in new taxes. Many Americans have to be thinking right now — they have heard from their dissenting constituents at Town Hall meetings and have seen the poll numbers for Obama’s health care bill dropping like a rock so why would they keep moving this bill forward?
This debate will center around many issues including huge taxes increases, economy-killing employer mandates and:
1. Abortion: Congressman Bart Stupak (D-MI) offered an amendment to the House bill to ban all federal funds flowing into the health care system from funding abortion. Senator Reid put language in the bill that allows some funds to go to abortion services by using an accounting gimmick. This issue could take the bill down, because the House approach is far different from the Senate approach. If this bill becomes a referendum on abortion policy, it may fail.
2. Cost: Senator Reid has promoted his bill as costing the federal government $849 billion and as a budget cutting bill. Conservatives in the Senate have pointed out that the costs are more accurately $2.5 trillion over the first 10 years of implementation because the benefits are not even scheduled to be paid out until 2014. There is a huge disparity between the two sides as to the cost of the bill and if it gets bigger and bigger on the Senate floor, then it may suffer a legislative implosion.
3. The Public Plan: Senator Joe Lieberman (D-CT) has pledged to support a filibuster of any bill containing the public option. Senator Olympia Snowe (R-ME) will only accept a public option with a trigger. Other Senators have expressed reservations about different permutations of the public option. A bill with a too strong public option may not have the support to pass the Senate.
4. Wild Card: As with all these debates, there may be an issue that comes out of the blue and becomes central to the bill. There were debates over “death panels” during initial stages of the debates and controversies over coverage for illegal immigrants. Some other issue may be offered as an amendment or may be buried in the 2000 pages of the bill that may become the next controversy to prevent passage.
The week after Thanksgiving, the Senate will start the process of considering and voting on amendments to the bill. This process may go in one of two directions. It is possible that Reid uses the amendment process to buy just enough votes to pass the bill through targeted special interest amendments. Expect Connecticut, Nebraska, Arkansas, and, yet again, Louisiana to receive special treatment in the amendment process. If Senator Reid is able to buy support during this process, the bill will pass and the President will sign Obamacare before his State of the Union.
Scenario two kicks in if opponents of the bill play hardball. If opposing Senators offer non-germane amendments, like the legislation to restore the 2nd Amendment in the District of Columbia or a resolution of disapproval for Attorney General Eric Holder’s decision to try Kahlid Sheik Mohammed in federal courts, then the Senate would be mixing some volatile issues into the health care mix. Regardless the course of action, this bill will either pass or fail as a direct result of the actions of a handful of Senators.
CBO: By 2019, Taxpayers Will Pay $196 Billion A Year for Obamacare, But 24 Million People Will Remain Uninsured
CNS News
November 19, 2009
Under the health care bill introduced by Senate Majority Leader Harry Reid (D-Nev.) on Wednesday, by 2019 taxpayers will be paying $196 billion per year to subsidize other people’s health insurance coverage, but there still will be 24 million uninsured people in America, according to the Congressional Budget Office and the Joint Committee on Taxation.
Reid’s proposal mandates that all individuals legally resident in the United States purchase health insurance and offers subsidies to people making up to 400 percent of the poverty level ($88,200 for a family of four) to purchase insurance as long as they buy a federally regulated and approved plan sold in a federally regulated insurance exchange.
According to an analysis published Wednesday by the CBO and JCT, this subsidy will cost taxpayers $196 billion per year by 2019 but will still leave 24 million people uninsured in America, about 8 million of whom will be illegal aliens. The estimate assumes that there would otherwise be about 55 million uninsured people in the United States.
“The gross cost of the coverage expansions, consisting of exchange subsidies, the net costs of expanded eligibility for Medicaid, and tax credits for employers: Those provisions have an estimated cost of $196 billion in 2019, and that cost is growing at about 8 percent per year toward the end of the 10-year budget window. As a rough approximation, CBO assumes continued growth at about that rate during the following decade,” says the joint CBO and JCT analysis.
“By 2019, CBO and JCT estimate, the number of nonelderly people who are uninsured would be reduced by about 31 million, leaving about 24 million nonelderly residents uninsured (about one-third of whom would be unauthorized immigrants),” says the CBO and JCT analysis.
Table 3 in the report indicates that when the health-insurance mandate and subsidy program becomes fully operational in 2014 there will be 35 million uninsured in the United States and this number will drop to 23 million by 2018 before rising back to 24 million in 2019. The report does not indicate how many uninsured people will remain after 2019, or whether the upward trend between 2018 and 2019 will continue.
Table 3 also shows that the cost to taxpayers of paying the insurance subsidies in the bill as well as the cost for increased eligibility for Medicaid and the Children’s Health Insurance Program (CHIP) instituted under the bill will dramatically escalate over the next decade.
In 2010, the year of the next congressional election, the gross cost of the subsidies is expected to be $0. In 2012, the year of the next presidential election, the gross cost of the subsidies in the bill is expected to be only $4 billion. But in 2014, the costs are expected to dramatically escalate to $48 billion for the year. From that point on, the costs increase every year, jumping to $147 billion by 2016 and then to $196 billion by 2019.
Filed under: 2-party system, auto bailout, Barack Obama, Big Banks, cap-and-trade, Censorship, Communism, Congress, Dictatorship, Dissent, Empire, Fascism, Federal Reserve, george soros, glenn beck, government bureaucrat, government control, government regulation, health care, health care reform, Healthcare, HR 3200, Income Tax, insurance companies, Kennedy health care bill, left right paradigm, Mainstream Media, media bias, media blackout, media censorship, medical industrial complex, medicare, Nancy Pelosi, nanny state, Nazi, neocons, Neolibs, obama, obama care, obama deception, obamacare, Oppression, patriot movement, Propaganda, Protest, public option, Senate, socialism, tax, Taxpayers, tea party, Tim Geithner, universial health care, US Constitution, Washington D.C., White House | Tags: D.C., dc march, dc protest, DC tea party, dc teaparty
Mainstream Media Cover-Up Implodes As World Discovers Millions Marched In DC
Kurt Nimmo
Prison Planet.com
September 13, 2009
The Gray Lady of Operation Mockingbird, the New York Times, reports today that “thousands” of patriots protested against Obamacare, cap and trade, the bankster bailout, and unchecked federal government power in the District of Criminals yesterday.
“The demonstrators numbered well into the tens of thousands, though the police declined to estimate the size of the crowd,” the newspaper reports, attempting to downplay the historical significance of the protest.
The New York Times says the police declined to estimate the crowd — or rather the corporate media declined to report it — because the number was around two million, the largest protest in the capitol’s history.
The protest out-numbered Martin Luther King’s “I Have a Dream” speech delivered from the steps of the Lincoln Memorial during the March on Washington for Jobs and Freedom on August 28, 1963. That march was estimated at around 200,000 people.
ABC News did likewise, pegging the turnout in the thousands. “Thousands of conservative protesters from across the country converged on the Capitol Saturday morning to demonstrate against President Obama’s proposals for health care reform and voicing opposition to big government, what they say is over-the-top spending,” the corporate propaganda outlet claimed on Saturday.
Ditto the War Street Journal — excuse me, the Wall Street Journal — although they put the number at tens of thousands. The Journal admitted the obvious: “While some Republican officeholders were at the rally, not everybody there called themselves Republicans.”
NPR, the news service of Soros and the foundations, did the same parlor trick with the math, putting the number at tens of thousands. NPR contradicted itself, however, and reported that as “the demonstrators walked along Pennsylvania Avenue toward the U.S. Capitol, the line stretched as far as the eye could see in either direction. The crowd was so thick in places that it was difficult to move.”
As to be expected, the “progressives” (left cover bankster faction) attempted to portray two million patriotic Americans as racists. Think Soros, formerly known as Think Progress, posted a blog entry supposedly revealing racist placards at the event — in fact, none of the signs showed were racist — the worst the Soros operatives produced was a photo of a woman with a Confederate flag. The Soros clan said everybody at the event was white (as if they had examined the skin color of two million people).
It’s not going to work. The two million people who showed up to voice their outrage at a federal government out of control and in violation of the Constitution was but a small sampling of the millions of people across the country in opposition to Obama and the corporate-fascist agenda of his one-world masters.
If Obama and the Democrats ram the deathcare bill through the House by way of “reconciliation,” the opposition will redouble its numbers and once again take to the streets.
Judge Napolitano Interviews Glenn Beck – (9/1/4/2009)
9/12 demonstration a record DC turnout: National Park Service
American Thinker
September 13, 2009
The truth will out. Despite mainstream media attempts to characterize turnout as in the thousands, a spokesman for the National Park Service, Dan Bana, is quoted as saying “It is a record…. We believe it is the largest event held in Washington, D.C., ever.”
Democrats and their media acolytes may wish this weren’t so, and they may even employ the Ostrich Strategy, burying their collective heads in the sand, pretending that a major important political movement isn’t happening. But they only hasten their own demise in doing so.
Meanwhile, Gateway Pundit compares the littler left behind on 9/12 with the aftermath of the Obama inauguration. It is a startling contrast.
White House Says Health Care Protesters Not in Mainstream
Private health insurance lobbyist throws fundraiser for Nancy Pelosi: Report
Filed under: 9/11 Truth, Barack Obama, big pharma, Bill Clinton, Bio Weapons, biological warfare, catastrophic event, Credit Crisis, dick armey, Dictatorship, Dollar, Dow, Economy, engineered crisis, Fascism, fearmongering, h1n1, h1n1 clinic, h1n1 vaccine, Harry Reid, health and environment, health care, health care reform, Hegelian Dialectic, Hitler, Hoax, HR 3200, Human Experiments, hype, influenza, innoculation, inside job, insurance companies, Media Fear, medicaid, medical care, medical Experiments, medical industrial complex, medicare, Nancy Pelosi, Nazi, Neolibs, obama, obama care, obama deception, obamacare, Pandemic Influenza, pandemic virus, paul broun, Problem Reaction Solution, Propaganda, Rahm Emanuel, socialism, State Sponsored Terrorism, stimulus, stimulus bill, Stimulus Package, swine flu, swine flu pandemic, swine flu vaccine, tax rebates, truth movement, US Economy, Vaccine, virus pandemic, White House
Obama Needs A Crisis Revive Health Care Reform
Bloomberg News
September 6, 2009
President Barack Obama returns to Washington next week in search of one thing that can revive his health-care overhaul: a sense of crisis.
Facing polls showing a drop in his approval, diminished support from independents, factions within his Democratic Party and a united Republican opposition, Obama must recapture the sense of urgency that led to passage of the economic rescue package in February, analysts said.
“At the moment, except for the people without insurance, we’re not in a health-care crisis,” said Stephen Wayne, a professor of government at Georgetown University in Washington. “You do need a crisis to generate movement in Congress and to help build a consensus.”
Obama speaks to labor leaders on Sept. 7 and to a joint session of Congress on Sept. 9 as he attempts to rebuild support for his top domestic priority, one that affects 17 percent of the economy. Lawmakers, trying to extend coverage to millions of uninsured Americans and rein in costs, are considering mandates on employers to provide coverage, new rules for insurers, and creating a government program to compete with private insurers such as Indianapolis-based WellPoint Inc.
Obama Chief of Staff Rahm Emanuel said the administration made unprecedented health-care progress in eight months.
‘Not There Yet’
“We gave Congress a charge, we gave them broad outlines, which is the reason we are farther along than any of the five presidents that have tried,” Emanuel said in an interview yesterday. “We’re not there yet, and this speech is intended to finish the job.”
Presidential speeches historically do little to move public opinion significantly, said George Edwards, author of “The Strategic President: Persuasion and Opportunity in Presidential Leadership.”
“This is almost like a Hail Mary, because they know that they’re substantially behind and the trajectory is negative for them,” Edwards said.
Unlike the financial crisis he inherited, the health-care debate is of Obama’s making and places a different burden on him, Edwards said.
“The best thing in presidential leadership is to recognize and exploit opportunities,” said Edwards. “The White House overestimated the nature of the opportunity.”
Stimulus Debate
Obama’s economic stimulus was debated as the Dow Jones Industrial Average dropped 18 percent from Nov. 4, 2008, to Feb. 13, when Congress approved the legislation. Unemployment had risen to more than 7 percent.
On the stimulus, Obama was able to say “that unless we do X right now, and X is pretty painful and pretty expensive, there is a serious danger in the next few weeks that the entire financial system will come crashing down,” said Bill Galston, a former official in President Bill Clinton’s administration, now a Brookings Institution scholar in Washington.
Emanuel remarked at the time that a crisis was a terrible thing to waste, and Obama pushed for health-care overhaul and energy legislation along with financial and auto bailouts.
Government Will Hype Fall Swine Flu Outbreak To Save Obamacare
Infowars
August 17, 2009
Former Congressman and House Majority Leader Dick Armey warns that the government is planning to exploit a hyped swine flu outbreak this fall in order to reinvigorate support behind its failing Obamacare agenda.
Armey is confident that the grass roots backlash against Obamacare will cause the plan to fail, but warns that the government has one last trick up its sleeve which it is preparing to pull in the next few months.
The former House leader told the Financial Times that wavering lawmakers in both parties might be won over by an engineered crisis that the Obama administration is planning to exploit.
“In September or October there will be a hyped up outbreak of the swine flu which they’ll say is as bad as the bubonic plague to scare the bed-wetters to vote for healthcare reform,” said Mr Armey. “That is the only way they can push something on to the American people that the American people don’t want.”
As we reported last week, Georgia Congressman Paul Broun gave a similar warning when he told attendees of a town hall event Tuesday that the Obama administration was planning to use a pandemic or a natural disaster to implement martial law in the United States.
Speaking at the North Georgia Technical College auditorium, Broun said that the “socialistic elite,” as well as Obama, Nancy Pelosi and Senate Majority Leader Harry Reid, were planning to exploit a crisis to create a favorable climate for their stalling political agenda.
“They’re trying to develop an environment where they can take over,” he said. “We’ve seen that historically.”
Health authorities as well as Homeland Security chief Janet Napolitano have been hyping the inevitability of swine flu’s deadlier return this fall ever since it first appeared in April.
Despite the fact that the virus has proven far less potent than the common flu, governments across the world have been preparing to roll out mass vaccination campaigns which are set to begin next month, despite the fact that the shots will contain mercury and squalene and have also been linked with the killer nerve disease Guillain-Barre Syndrome.
Filed under: 1st amendment, 2nd Amendment, americorps, anti gun, army, Barack Obama, catastrophic event, civil liberties, civil rights, civilian expenditionary workforce, Communism, Congress, Dictatorship, DoD, Draft, Empire, Fascism, forced labor, gestapo, government control, government regulation, government takeover, Gun Control, Harry Reid, Hitler, human rights, mandatory military service, mandatory national service, mandatory service, mandatory volunteerism, Military, Military Industrial Complex, Nancy Pelosi, nanny state, nation building, national civilian security force, national guard, national service, Nazi, Neolibs, New World Order, NORTHCOM, obama, obama deception, obama youth, occupation, paul broun, Police State, selective service, slavery, socialism, soldiers, Soviet Union, stasi, stasi tactics, town hall, u.s. soldiers, universal civil defense training, universal service, US Constitution, War On Terror
Congressman Warns US Becoming A Totalitarian State
Steve Watson
Infowars.net
September 3, 2009
Republican Congressman Paul Broun has once again warned that the US is being slowly transformed into a fascist police state dictatorship.
Broun, R-Athens, Georgia, told over a thousand people at town hall events Wednesday in Madison and Greene County that elites under Obama are “developing a shadow government that (does not) answer to the American people.”
“He has the three things that are necessary to establish an authoritarian government,” Broun said, citing a national federalized police force, gun control and control over the press.
“And so we need to be ever-vigilant, because freedom is precious.” Broun added.
The Congressman effectively repeated the warning he first made vocal last November when he spoke out against Obama’s plan to create a “national civilian security force,” warning that the program sounded like a 21st century Gestapo and that it was part of a move towards a Marxist dictatorship.
“That’s exactly what Hitler did in Nazi Germany and it’s exactly what the Soviet Union did,” Broun said at the time. “When he’s proposing to have a national security force that’s answering to him, that is as strong as the U.S. military, he’s showing me signs of being Marxist.”
“We can’t be lulled into complacency,” Broun said. “You have to remember that Adolf Hitler was elected in a democratic Germany. I’m not comparing him to Adolf Hitler. What I’m saying is there is the potential of going down that road.”
A report on Broun’s comments in the Athens Banner-Herald states that in the July 2008 speech Obama was actually referring to a proposed expansion of the Americorps volunteer program, not a national security force. However, back in November, Obama spokesman Tommy Vietor told the Associated Press that Obama was referring to a proposal for a civilian reserve corps that could handle postwar reconstruction.
This was set in motion in January of this year when The Defense Department announced the establishment of a “civilian expeditionary workforce” that will see American civilians trained and equipped to deploy overseas in support of worldwide military missions.
We have also highlighted the ongoing push to merge the Army Reserves and the National Guard into the “Total Force” of the US military, and to deploy 40,000 troops inside the US under NORTHCOM, to deal with “domestic catastrophe” and “civil unrest and crowd control”.
Last month Congressman Broun also warned attendees of a town hall event that the Obama administration was planning to use a pandemic or a natural disaster to implement martial law in the United States.
Speaking at the North Georgia Technical College auditorium, Broun said that the “socialistic elite,” as well as Obama, Nancy Pelosi and Senate Majority Leader Harry Reid, were planning to exploit a crisis to create a favorable climate for their stalling political agenda.
“They’re trying to develop an environment where they can take over,” he said. “We’ve seen that historically.”
Filed under: Barack Obama, catastrophic event, Congress, dick armey, Dictatorship, engineered crisis, Fascism, fearmongering, h1n1, h1n1 clinic, Harry Reid, health and environment, health care, health care reform, Hegelian Dialectic, Hoax, House, HR 3200, hype, medicaid, medical care, medical industrial complex, medicare, Nancy Pelosi, Nazi, Neolibs, obama, obama care, obamacare, Pandemic Influenza, pandemic virus, paul broun, Problem Reaction Solution, Propaganda, socialism, swine flu, swine flu pandemic, virus pandemic
Government Will Hype Swine Flu in the Fall to Save Obamacare, Warns Dick Armey
Former House leader says government is preparing to exploit fear to reinvigorate support behind failing agenda
Paul Joseph Watson
Prison Planet.com
August 17, 2009
Former Congressman and House Majority Leader Dick Armey warns that the government is planning to exploit a hyped swine flu outbreak this fall in order to reinvigorate support behind its failing Obamacare agenda.
Armey is confident that the grass roots backlash against Obamacare will cause the plan to fail, but warns that the government has one last trick up its sleeve which it is preparing to pull in the next few months.
The former House leader told the Financial Times that wavering lawmakers in both parties might be won over by an engineered crisis that the Obama administration is planning to exploit.
“In September or October there will be a hyped up outbreak of the swine flu which they’ll say is as bad as the bubonic plague to scare the bed-wetters to vote for healthcare reform,” said Mr Armey. “That is the only way they can push something on to the American people that the American people don’t want.”
As we reported last week, Georgia Congressman Paul Broun gave a similar warning when he told attendees of a town hall event Tuesday that the Obama administration was planning to use a pandemic or a natural disaster to implement martial law in the United States.
Speaking at the North Georgia Technical College auditorium, Broun said that the “socialistic elite,” as well as Obama, Nancy Pelosi and Senate Majority Leader Harry Reid, were planning to exploit a crisis to create a favorable climate for their stalling political agenda.
“They’re trying to develop an environment where they can take over,” he said. “We’ve seen that historically.”
Filed under: army, Barack Obama, big pharma, Bio Weapons, biological warfare, civil disobedience, Congress, Coup, Dictatorship, Empire, Eugenics, Fascism, Genocide, georgia, h1n1, Harry Reid, health and environment, Hegelian Dialectic, influenza, mandatory quarantine, mandatory vaccinations, medical industrial complex, militarization, Military, Military Industrial Complex, Nancy Pelosi, national guard, Nazi, NORTHCOM, obama, Oppression, Pandemic Influenza, pandemic virus, paul broun, Police State, Population Control, Posse Comitatus, Problem Reaction Solution, Protest, swine flu, swine flu pandemic, town hall, Troops, virus pandemic
Congressman: Obama Could Use Pandemic To Declare Martial Law
Paul Joseph Watson
Prison Planet.com
August 13, 2009
Georgia Congressman Paul Broun warned attendees of a town hall event Tuesday that the Obama administration was planning to use a pandemic or a natural disaster to implement martial law in the United States.
Speaking at the North Georgia Technical College auditorium, Broun said that the “socialistic elite,” as well as Obama, Nancy Pelosi and Senate Majority Leader Harry Reid, were planning to exploit a crisis to create a favorable climate for their stalling political agenda.
“They’re trying to develop an environment where they can take over,” he said. “We’ve seen that historically.”
Broun’s warning arrives on the back of a letter sent by The National Governors Association to the Pentagon last week, which condemns the military’s plans to usurp domestic control of National Guard and federal forces deployed in the event of a natural disaster or terrorist attack.
In December 2008 it was announced that at least 20,000 more active duty soldiers will be placed inside the United States under Northcom to “help state and local officials respond to a nuclear terrorist attack or other domestic catastrophe.”
“Domestic emergency deployment may be “just the first example of a series of expansions in presidential and military authority,” or even an increase in domestic surveillance, warned Anna Christensen of the ACLU’s National Security Project. And Cato Vice President Gene Healy warned of “a creeping militarization” of homeland security.”
The contention that the troops will merely help “recovery efforts” after a major catastrophe is contradicted by the fact that Northcom itself, in a September 8 Army Times article, said the first wave of the deployment, which was put in place on October 1st at Fort Stewart and at Peterson Air Force Base in Colorado Springs, would be aimed at tackling “civil unrest and crowd control”.
Filed under: 1984, 2-party system, Barack Obama, Big Brother, Communism, Congress, Control Grid, David Blumenthal, Dictatorship, disabled, dr. David Blumenthal, Dr. Ezekiel Emanuel, elderly, Empire, eugenicist, Eugenics, euthanasia, Ezekiel Emanuel, Fascism, Genocide, government bureaucrat, government control, government regulation, handicapped, health and environment, health care, Healthcare, healthcare rationing, Hitler, House, John Dingell, left right paradigm, medicaid, medical care, medical industrial complex, mentally disabled, michigan, Nancy Pelosi, nanny state, Nazi, Neolibs, New World Order, NWO, obama, obama care, obamacare, Oppression, pelosi, Population Control, Rahm Emanuel, ration, rationing, Senate, senior citizens, socialism, special needs, special needs children, steny hoyer, Uncategorized, White House | Tags: gina carano playboy pics, Hippocratic Oath, noah logue
Obamacare: ZERO compassion for the Disabled
DEADLY DOCTORS
Betsy McCaughey
New York Post
July 29, 2009
THE health bills coming out of Congress would put the decisions about your care in the hands of presidential appointees. They’d decide what plans cover, how much leeway your doctor will have and what seniors get under Medicare.
Yet at least two of President Obama’s top health advisers should never be trusted with that power.
Start with Dr. Ezekiel Emanuel, the brother of White House Chief of Staff Rahm Emanuel. He has already been appointed to two key positions: health-policy adviser at the Office of Management and Budget and a member of Federal Council on Comparative Effectiveness Research.
Emanuel bluntly admits that the cuts will not be pain-free. “Vague promises of savings from cutting waste, enhancing prevention and wellness, installing electronic medical records and improving quality are merely ‘lipstick’ cost control, more for show and public relations than for true change,” he wrote last year (Health Affairs Feb. 27, 2008).
Savings, he writes, will require changing how doctors think about their patients: Doctors take the Hippocratic Oath too seriously, “as an imperative to do everything for the patient regardless of the cost or effects on others” (Journal of the American Medical Association, June 18, 2008).
Yes, that’s what patients want their doctors to do. But Emanuel wants doctors to look beyond the needs of their patients and consider social justice, such as whether the money could be better spent on somebody else.
Many doctors are horrified by this notion; they’ll tell you that a doctor’s job is to achieve social justice one patient at a time.
Emanuel, however, believes that “communitarianism” should guide decisions on who gets care. He says medical care should be reserved for the non-disabled, not given to those “who are irreversibly prevented from being or becoming participating citizens . . . An obvious example is not guaranteeing health services to patients with dementia” (Hastings Center Report, Nov.-Dec. ’96).
Translation: Don’t give much care to a grandmother with Parkinson’s or a child with cerebral palsy.
He explicitly defends discrimination against older patients: “Unlike allocation by sex or race, allocation by age is not invidious discrimination; every person lives through different life stages rather than being a single age. Even if 25-year-olds receive priority over 65-year-olds, everyone who is 65 years now was previously 25 years” (Lancet, Jan. 31).
The bills being rushed through Congress will be paid for largely by a $500 billion-plus cut in Medicare over 10 years. Knowing how unpopular the cuts will be, the president’s budget director, Peter Orszag, urged Congress this week to delegate its own authority over Medicare to a new, presidentially-appointed bureaucracy that wouldn’t be accountable to the public.
Since Medicare was founded in 1965, seniors’ lives have been transformed by new medical treatments such as angioplasty, bypass surgery and hip and knee replacements. These innovations allow the elderly to lead active lives. But Emanuel criticizes Americans for being too “enamored with technology” and is determined to reduce access to it.
Dr. David Blumenthal, another key Obama adviser, agrees. He recommends slowing medical innovation to control health spending.
Blumenthal has long advocated government health-spending controls, though he concedes they’re “associated with longer waits” and “reduced availability of new and expensive treatments and devices” (New England Journal of Medicine, March 8, 2001). But he calls it “debatable” whether the timely care Americans get is worth the cost. (Ask a cancer patient, and you’ll get a different answer. Delay lowers your chances of survival.)
Obama appointed Blumenthal as national coordinator of health-information technology, a job that involves making sure doctors obey electronically deivered guidelines about what care the government deems appropriate and cost effective.
In the April 9 New England Journal of Medicine, Blumenthal predicted that many doctors would resist “embedded clinical decision support” — a euphemism for computers telling doctors what to do.
Americans need to know what the president’s health advisers have in mind for them. Emanuel sees even basic amenities as luxuries and says Americans expect too much: “Hospital rooms in the United States offer more privacy . . . physicians’ offices are typically more conveniently located and have parking nearby and more attractive waiting rooms” (JAMA, June 18, 2008).
No one has leveled with the public about these dangerous views. Nor have most people heard about the arm-twisting, Chicago-style tactics being used to force support. In a Nov. 16, 2008, Health Care Watch column, Emanuel explained how business should be done: “Every favor to a constituency should be linked to support for the health-care reform agenda. If the automakers want a bailout, then they and their suppliers have to agree to support and lobby for the administration’s health-reform effort.”
Do we want a “reform” that empowers people like this to decide for us?
Deaf Man Worried that Obamacare Would Shut Out Disabled/Deaf People
Government Disaster Plans Leave Disabled People Behind
Obama To Deny Health Care To Elderly, Very Sick & Poor People
Filed under: 1984, 1st amendment, 2-party system, Barack Obama, Big Brother, civil disobedience, Communism, Congress, Control Grid, Dictatorship, Dissent, Empire, eugenicist, Eugenics, euthanasia, Fascism, free speech, Genocide, government bureaucrat, government control, government regulation, health and environment, health care, Healthcare, healthcare rationing, Hitler, House, left right paradigm, medicaid, medical care, medical industrial complex, Nancy Pelosi, nanny state, Nazi, nazi germany, Neolibs, New World Order, NWO, obama, obama care, obamacare, Oppression, patients, pelosi, Population Control, Propaganda, Protest, ration, rationing, Senate, socialism, steny hoyer, town hall, US Constitution, War On Terror
Pelosi Calls Attacks On Obamacare “Simply Un-American”
The Swamp
August 10, 2009
House Speaker Nancy Pelosi and Majority Leader Steny Hoyer, insisting at the start of a long and politically heated summer congressional recess that healthcare reform can be achieved this fall, today are calling the disruption of “town-hall” meetings by vocal protesters “simply un-American.”
“We believe it is healthy for such a historic effort to be subject to so much scrutiny and debate,” Pelosi (D-Calif.) and Hoyer (D-Md.) write in an Op-ed essay published by USA Today.
“However, it is now evident that an ugly campaign is underway not merely to misrepresent the health insurance reform legislation, but to disrupt public meetings and prevent members of Congress and constituents from conducting a civil dialogue,” the two leaders write…. “These disruptions are occurring because opponents are afraid not just of differing views — but of the facts themselves. Drowning out opposing views is simply un-American.”
Filed under: 2-party system, AIG, bailout, Bank of England, Bear Stearns, Big Banks, Britain, Central Banks, Credit Crisis, DEBT, Derivatives, Dictatorship, Dollar, ECB, Economic Collapse, economic depression, Economy, Empire, Europe, european union, fannie mae, Fascism, Federal Reserve, foreclosure, freddie mac, G7, global economy, Great Depression, Greenback, henry paulson, housing market, hyperinflation, Inflation, interest rate cuts, Japan, JP Morgan, liquidation, london, middle class, mortgage, mortgage companies, mortgage lenders, Nancy Pelosi, national socialism, nationalization, neocons, Neolibs, Paulson, rate cut, real estate, scotland, socialism, Stock Market, subprime, subprime lending, switzerland, Taxpayers, UBS, United Kingdom, US Economy, US Treasury, Wall Street | Tags: Nouriel Roubini, run on banks, swiss central bank
Potential Cost For Bailout is $5 Trillion or $43K Per Household
Steve Watson
Infowars.net
October 15, 2008
The total potential cost of the financial bailout to the U.S. taxpayer is already rapidly approaching $5 trillion, over seven times as much as the meaningless $700 billion bailout bill figure.
Analysts have previously marked out the $5 trillion figure as the actual cost, now those predictions are becoming demonstratively accurate.
Meanwhile, Hank Paulson has defended government intervention, stating “There’s no doubt that the way to get the maximum bang for the taxpayers here was to invest in banks.”
Based on this Reuters summary and the sources linked within the table, here is a breakdown of the bailout’s cost to taxpayers so far.
|
Bailout Type
|
Cost To Taxpayers |
|---|---|
|
|
$300 billion |
|
|
$250billion |
|
|
$25 billion |
|
|
$150 billion |
|
|
$700 billion+ |
|
|
$29 billion |
|
|
$200 billion |
|
|
$85 billion (+ extra request of $35 billion) |
|
|
$300 billion |
|
|
$4 billion |
|
|
$87 billion |
|
|
$200 billion+ |
|
|
$50 billion |
|
|
$144 billion |
| POSSIBLE TOTAL | $2.56 trillion+ |
| NUMBER OF HOUSEHOLDS PER U.S. CENSUS |
105,480,101 |
| POSSIBLE COST PER HOUSEHOLD |
$24,26
|
In addition, the U.S. government has said it will temporarily guarantee $1.5 trillion (£856 billion) in new senior debt issued by banks, as well as insure $500 billion (£285 billion) in deposits in non-interest accounts, mainly used by businesses.
These figures take the potential cost to $4.559 trillion+ – or $43, 221 per household.
Furthermore, when you account for the fact that the credit default swap market is around $62 trillion, and that derivatives worldwide are worth between between $1 and $2 quadrillion, the numbers start to become meaningless.
Fed To Offer Unlimited Dollars
Bloomberg
October 13, 2008
The U.S. Federal Reserve led an unprecedented push by central banks to flood financial markets with dollars, backing up government efforts to restore confidence in the banking system.
The ECB, the Bank of England and the Swiss central bank will offer unlimited dollar funds in auctions with maturities of seven days, 28 days and 84 days at a fixed interest rate, the Washington-based Fed said today. The Bank of Japan may introduce “similar measures.’’ The dollar declined and some money-market rates fell.
Policy makers from the Group of Seven nations pledged at the weekend to take “all necessary steps’’ to stem a market panic after the MSCI World stock index plunged 20 percent last week. Central banks last week cut interest rates in tandem for the first time since 2001, the U.S. plans to buy $700 billion in distressed assets from banks and in Europe, the U.K. is leading a push to keep lenders afloat with taxpayers’ money.
“By providing unlimited dollar funds they are acting on the back of the G-7 plan to ensure the system is fully liquidized,’’ said Lena Komileva, an economist at Tullet Prebon Plc in London. “We’re going to see even more liquidity provided and more aggressive rate cuts are coming.’’
http://www.reuters.com/article/newsOne/idUSTRE49F97920081017
Millionaire Hedge Fund Trader Thanks Idiot Traders
http://www.guardian.co.uk/business/2008/oct/18/banking-useconomy
Treasury Black Out Key Parts Of Bailout Contracts
http://www.huffingtonpost.com/..136030.html
Wall Street banks in $70bn staff payout
http://www.guardian.co.uk/business/2008/oct/17/executivesalaries-banking
Homeless Numbers Alarming
http://www.usatoday.com/news/nation/2008-10-21-homeless_N.htm
House prices ‘to plummet by 35%’ – the biggest ever fall in Britain
http://www.dailymail.co.uk/news/..–biggest-fall-Britain.html
Royal Bank Of Scotland Nationalized
http://business.timesonline.co…g_and_finance/article4932250.ece
Switzerland Pumps Billions Into Bank System
http://biz.yahoo.com/ap/081016/eu_switzerland_banks.html?printer=1
UBS Gets Bailout From Swiss National Bank
http://www.chicagotribune.com..7,0,4057853.story
Dow Jones Bloodbath Mirroring 1929 Rout
http://www.prisonplanet.com/dow-jones-bloodbath-mirroring-1929-rout.html
Two More Banks Closed By Regulators
http://money…00397x1211373371x1200675175
U.S. Stocks Plunge Most Since Crash of `87 on Recession Concern
http://www.bloomberg.com/apps/news?pid..er=home
Roubini Sees Worst Recession in 40 Years, Rally’s End
http://www.bloomberg.com/apps/news?..efer=home
JPMorgan Responsible for the Destruction of U.S. Financial System
http://www.marketoracle.co.uk/Article6826.html
World May Be Lucky to Get Worst Recession Since 1983
http://www.bloomberg.com..OAeSWBCY&refer=home
Stocks On Track For Worst Year Since 1937
http://www.chron.com/disp/story.mpl/nation/6050283.html
Former Fed chief says U.S. now in recession
http://www.reuters.com/article/newsOne/idUSTRE49D2QB20081014
Filed under: 2-party system, 2008 Election, bailout, bernanke, Big Banks, Congress, Credit Crisis, DEBT, Dollar, Economic Collapse, economic depression, Economy, Federal Reserve, George Bush, global economy, Great Depression, Greenback, henry paulson, House, hyperinflation, Inflation, jewish, left right paradigm, Nancy Pelosi, neocons, Neolibs, Paulson, poll, Senate, Stock Market, US Economy, US Treasury, Wall Street | Tags: John Boehner, Paul Begala, run on banks
Congress Approval Just 10%
London Guardian
October 1, 2008
The controversy over the failure of the Bush administration’s unpopular financial bail-out is infecting every aspect of government and the presidential election campaign.
Eminent reputations lie in ruins; the august institutions of Congress, the treasury, the Federal Reserve tremble; the presidency itself is shaken. In America’s year of living dangerously, few will emerge unscathed.
The consensus view, if there is one in so divided a nation, is that the US has suffered a calamitous, across-the-board failure of leadership. The bankruptcy is political as well as economic. This conclusion is widely held among both supporters and opponents of the bail-out.
“Monday’s crash and burn of the Paulson plan on Capitol Hill reveals a Washington elite that has earned every bit of the disdain that Americans have for it. This crowd can’t even make sausage,” snarled a Wall Street Journal editorial yesterday. Black Monday’s shambles marked a “historic abdication”.
Republicans and Democrats in the House of Representatives were excoriated for political cowardice, childish disputatiousness, and a selfish desire to get re-elected next month at any cost. It’s clear, whatever they do next, the public simply does not trust them to do it right.
“A political establishment held in higher regard may have been able to hold together some kind of coalition of the willing,” wrote Joel Achenbach in the Washington Post. “But distrust of the nation’s leaders, from the leaders of Congress to the president, foreclosed that possibility.”
This was not mere rhetoric. Congress’s public approval rating was down to 18% before the crisis hit. By some estimates, it is now 10% and falling. Washington has seen a “throw the bums out” mood before, notably Newt Gingrich’s 1994 anti-government “Republican revolution”. But this is something else. Like some others, Gingrich is calling for the resignation of Hank Paulson, the treasury secretary, for presiding over a train wreck and then failing to persuade people why $700bn was needed to get back on the rails.
Other heads enthusiastically recommended for the chopping block include Democratic house speaker, Nancy Pelosi, for being “too partisan” and the Republican house minority leader, John Boehner, for not being partisan enough.
An unhappy Boehner said before the vote that the bail-out was a “crap sandwich” that he and colleagues were obliged to eat. As it turned out, 133 Republicans and 95 Democrats found it too much to swallow.
Many members of Congress found themselves caught between party leadership and angry constituents and sought to explain themselves.
“We are now in the golden age of thieves. And where I come from we put thieves in jail, we don’t bail them out,” said Pete Visclosky, an Indiana Democrat who voted ’no’.
The signal failure, as critics see it, of President George Bush to show a lead out of the morass has provoked a new crop of political obituaries.
“No longer a lame duck, he’s a dead duck,” said Democratic strategist Paul Begala.
http://www.newsnet14.com/2008..-a-break-for-jewish-holiday/
Filed under: bailout, Bank of America, Barney Frank, Big Banks, China, Congress, credit cards, Credit Crisis, Daily Show, David Rockefeller, DEBT, Derivatives, Dictatorship, Dollar, Economic Collapse, economic depression, Economy, Empire, Fascism, Federal Reserve, global economy, Great Depression, Greenback, Harry Reid, henry paulson, House, housing market, Hugo Chavez, hyperinflation, Inflation, jon stewart, JP Morgan, Larry Kudlow, Lehman Brothers, liquidation, lou dobbs, Media, middle class, mortgage, mortgage companies, mortgage lenders, Nancy Pelosi, national socialism, nationalization, Nazi, Neolibs, Paulson, putin, real estate, rockefeller, rothschilds, Russia, Senate, socialism, steven colbert, Stock Market, subprime, subprime lending, Taxpayers, US Economy, US Treasury, Venezuela, Wall Street | Tags: dexia, run on banks
Bailout Bill Fails But May Revive And Pass Anyways
Bloomberg
September 30, 2008
The U.S. Senate will try to salvage a $700 billion financial-rescue package after the measure was defeated in the House of Representatives. The lawmakers won’t have a lot of room to negotiate.
While the legislation will need to be tweaked enough to win over reluctant House Republicans, the lawmakers will risk losing votes from Democrats if they veer too far from the delicate compromise that congressional leaders hammered out with the U.S. Treasury.
“They’re not going to totally revamp the bill,’’ said Pete Davis, president of Davis Capital Investment Ideas in Washington, who spoke to House and Senate leaders yesterday. “They’ll make some minor changes and pass it. This is all about political cover.’’
Paulson: King Paulson or Convict Paulson
Recent News:
Bank of America to close credit cards for approximately 60% of customers? (by Oct 1)
http://mparent7777-1.livejournal.com/1933222.html
House Clears $25 Billion For Carmakers
http://www.ft.com/cms/s/0/83bfe68c-8a8f-11dd-a76a-0000779fd18c.html
Home builders will ask for $90 billion bailout
http://money.cnn.com/2008/09..ion=2008092608
I’ve watched the economy for 30 years. Now I’m truly scared
http://www.guardian.co…/globaleconomy.creditcrunch
Treasury explains how it came up with $700 billion: We just wanted ‘a really large number.’
http://thinkprogress.org/2008/09/24/treasury-large-number/
Stocks rallied a day after failed $700B wallstreet bailout
http://money.cnn.com/2008..?postversion=2008093009
US will lose superpower status, claims German minister
http://www.telegraph.co.uk/finance/..-superpower-status-crows-Germany.html
http://www.americanfreepress.net/html/coming_derivatives_crisis_150.html
China Banks Told To Stop Lending To U.S. Banks
http://www.reuters.com..PEK16693720080925
Refusing Dollar as “World Currency” Inevitable
http://capital.trendaz.com/index.shtml?show=news&newsid=1304435〈=EN
http://www.bloomberg.com/apps/news..efer=home
Putin Promises $50Bln For Banks
http://www.themoscowtimes.com/article/1010/42/371301.htm
Dexia bank gets multi-nation $9.2B bailout
http://biz.yahoo.com/ap/080930/eu_belgium_dexia.html
Home Prices in 20 U.S. Cities Declined 16.3% in July
http://www.bloomberg.com/apps/news?.d=aEyKpTpk90C0&refer=us
http://newsfromthewest.blogspot.com/2008/05/who-owns-federal-reserve.html
Chavez says U.S. can’t fix financial crisis
http://www.reuters.com/article/marketsNews/idUSLQ4692420080926
The Hanky Panky Banking Bailout Bill
Rep. Kaptur responds to Bush’s address on failed bailout bill
RBS will get ‘billions’ in US bail-out of economy
Jobless Claims Pushed To 7-Year High
Dow Drops 777 Points
680% Inflation?
Nasdaq tanks, down 6%
California Home Prices Drop Record 41% Amid Defaults
Rumors Trigger Bank Run In Hong Kong
New Home Sales Plunged 11.5% to 17-Year Low
Wachovia Stock Sinks On WaMu News
Filed under: 2-party system, 2008 Election, Ahmadinejad, AIG, Alan Greenspan, bailout, Bank of America, Barack Obama, bernanke, Big Banks, Bill Clinton, China, citibank, Condoleezza Rice, Congress, Credit Crisis, David Rockefeller, DEBT, Dictatorship, Dollar, Economic Collapse, economic depression, Economy, Empire, fannie mae, Fascism, FBI, FDIC, Federal Reserve, foreclosure, freddie mac, George Bush, george soros, global economy, global elite, Globalism, gold, Goldman Sachs, Great Depression, Greenback, Harry Reid, henry paulson, housing market, hyperinflation, Inflation, internationalist, internationalists, Iran, John McCain, JP Morgan, left right paradigm, Lehman Brothers, liquidation, michael mullen, middle class, morgan stanley, mortgage, mortgage companies, mortgage lenders, Nancy Pelosi, nationalization, Nazi, neocons, Neolibs, New World Order, obama, Patriot Act, Paulson, real estate, Robert Gates, rockefeller, Sarkozy, socialism, Stock Market, subprime, subprime lending, Taxpayers, US Economy, US Treasury, Wachovia, Wall Street, wells fargo, White House | Tags: Commodities Futures Trading Commission, J.P. Morgan Chase, Marcy Kaptur, Peter Defazio, Robert Rubin, run on banks
Bailout: Not $700 Billion, More Like $5 Trillion
Bei Hu
Bloomberg
September 24, 2008
Treasury Secretary Henry Paulson’s $700 billion plan to buy devalued assets from financial companies is “a joke” because it doesn’t go far enough to calm markets, said Kenichi Ohmae, president of Business Breakthrough Inc.
Ohmae, nicknamed “Mr. Strategy” during his 23 years as a McKinsey & Co. partner, called for a $5 trillion “international facility” to be made available to financial institutions. The system could be modeled on one used by Sweden during its banking crisis in the early 1990s, he said.
“This is a liquidity crisis,” Ohmae said at an investor forum hosted by CLSA Asia-Pacific Markets, the regional broking arm of Credit Agricole SA, in Hong Kong yesterday. “The liquidity has to be so big that people won’t get panicky.”
Paulson’s proposal to remove hard-to-sell assets clogging the financial system marks the broadest intervention since at least the Great Depression. Asian stocks fell today, following U.S. shares lower as investors questioned whether the effort is enough to prevent a recession.
The plan came after the collapse of 158-year-old Lehman Brothers Holdings Inc. and the government takeover of insurer American International Group Inc. caused financial markets to seize up last week. The calamity was the culmination of a year during which the U.S. housing market slump left banks and securities firms with more than $520 billion of asset writedowns and credit losses.
NO To The Paulson-Bernanke Derivatives Scam Bailout
Webster G. Tarpley
September 24, 2008
WASHINGTON DC – The grand theft bailout now being rammed through Congress by Treasury Secretary Paulson, Federal Reserve Chairman Bernanke, and other officials of the Bush regime with the help of accomplices Pelosi, Majority Leader Harry Reid, and other parliamentarians is a monstrosity for the ages, combining every hideous feature of monetarism, elitism, oligarchism, and sheer feckless incompetence. It is to all intents and purposes a national suicide note of the United States of America, a contract with the devil that absolutely guarantees irrevocable national decline. For any person of goodwill there can be only one impulse at the present moment, and that is to stop this bailout — to block it, to sabotage it, to bottle it up, to load it with killer amendments, and to do everything legally possible to stop this insane design from going through.
IF MCCAIN VOTES AGAINST THE BAILOUT, HE WILL WIN THE PRESIDENCY
In political terms, McCain is now running well to the left of Obama on this issue, with a much stronger populist profile. McCain has attacked the outrageous greed and corruption of Wall Street. Obama does not dare attack Wall Street, since these are his masters. Obama, sounding like Milton Friedman, only attacks Washington. Obama has said that he will support whatever Paulson demands. That is not a surprise, since Paulson represents Goldman Sachs, and Obama is a wholly owned property of Goldman Sachs, which is his single biggest source of campaign contributions. Obama is a creature of Brzezinski, Soros, and Rockefeller, and without them he has no existence; Obama is an abject Wall Street puppet, an agent of finance capital. This week, both senators will have to decide how they vote on the odious derivatives bailout. Obama will surely vote in favor of it, since this is what Wall Street demands. If McCain votes against it, he will most probably propel himself into the White House on the model of Give ‘Em Hell Harry in 1948. Filthy corrupt Democrats like Schumer are already attacking McCain as the new Huey Long. Huey Long, the Louisiana populist of the 1930s, had many positive features, and we could certainly use a good dose of Huey Long in this country to counteract the elitism, oligarchism, condescension, and arrogant snobbery of foundation operatives like Obama. The bailout is already very unpopular 72% of all voters are opposed to it and it will become more and more hated when it becomes clear that it is also a failure. McCain’s course is clear. Will he have the brains and guts to cross Obama’s T on this vital issue?
PAULSON OF GOLDMAN SACHS, WOULD-BE FINANCE DICTATOR
Paulson is a ruthless and brutal eco-freak usurer who learned his trade at the Goldman Sachs stock-jobbing operation. He is now the leading member of the committee of public safety which rules in Washington, and which includes Gates, Rice, and Mullen. He now demands the astronomical sum of 700 billion dollars for the bailout of mortgage-backed derivatives, collateralized debt obligations, credit default swaps, and other poisonous derivatives. Make no mistake — this is not a bailout of homeowners who are threatened with foreclosure; it is a bailout of the lunatic house of cards which desperate bankers have built on these mortgages using derivatives. The entire crisis is not a crisis of subprime mortgages, it is a crisis of the derivatives bubble which was launched by Wendy Gramm of the Commodities Futures Trading Commission and Greenspan of the Fed with the connivance of Robert Rubin of Goldman Sachs and Citibank, and others in the Clinton administration, some 15 years ago.
These derivatives now amount to a total worldwide notional value that can be estimated between 1 quadrillion and two quadrillion US dollars. This sum is so large that it dwarfs the total value of the entire planet earth and all those who live here. Compared to the cancerous, bloated, and fictitious mass of derivatives which is at the root of this crisis, the $700 billion demanded by politicians, large as this may seem, is nothing but a drop in the bucket. And a drop in the bailout bucket is what it will be. The mass of world derivatives between $1 and $2 quadrillion represents an insatiable black hole which is capable of putting an end, not just to civilization, but the human life itself. The moral choice could not be clearer: humanity will either destroy the derivatives bubble in our time, or the derivatives bubble will surely destroy humanity. Those are the stakes in the current exercise.
Paulson and Bernanke, both lawyers for the Wall Street jackals, lampreys, vultures and hyenas, argue that the public interest demands a bailout of their cronies at Goldman Sachs, Morgan Stanley, J.P. Morgan Chase, Citibank, Bank of America, Wachovia, and the other large money center institutions. Before the American public antes up $700 billion just for openers in the game of genocidal poker which run by the infernal croupiers Paulson and Bernanke, we would be very well advised to examine the veracity of this premise.
They Want Mama To Make it All Better! – Congresswoman Marcy Kaptur
Rep Defazio On The Bailout Package
Recent News:
http://georgewashington2.bl..ke-admits-bailout-is-not-aimed-at.html
Real Estate Bigwig Zell Sees 2009 Recession
http://www.cnbc.com/id/26858394
Bailout Is Financial Equivalent Of The Patriot Act
http://www.iht.com/articles/2008/09/23/business/sorkin.php?pass=true
America Versus the Financial Elite
http://georgewashington2.blogspot.com/2008/09/america-versus-financial-elite.html
Fed Acted Like a Liquidity Drug Dealer: Economist
http://www.cnbc.com/id/26848829
’Punish’ those responsible for financial crisis: Sarkozy
http://afp.google.com/article/ALeqM5iQvXaV8mO0SRtfD9FEWqf4Vyrzrg
FBI ‘Probe’ Into Mortgage Giants
http://uk.news.yahoo.com/skynews/20080924/twl-fbi-probe-into-mortgage-giants-3fd0ae9.html
Iran Leader Says American Empire Near Collapse
http://ap.google.com/article/ALeqM5iRcJGft_Pr8uMaY1Bz9ieBSwBNTgD93CMVM80
US Fed throws $30 billion into foreign credit markets
http://afp.google.com/article/ALeqM5itOHJbNrxCHKetPtXIPIbY3TalIQ
China Paper Calls For A New Financial Order Without U.S.
http://www.reuters.com/article/ousiv/idUSPEK4365020080917?sp=true
Top Economist Mishkin: Worse Than the Depression
http://www.cnbc.com/id/26850473
Lehman’s Bankruptcy and the Hidden $138 Billion Bailout of JP Morgan
http://www.cnbc.com/id/26850473
Eveillard Says Gold May Surge as Investors Seek ‘Insurance’
http://www.bloomberg.com/apps/news?pid=20601213&sid=a8L00oInO1YM&refer=home
Wachovia, JPMorgan, Wells Fargo tumble
http://www.reuters.com/article/email/idUSN2231756020080922
Goldman, Morgan Stanley Bring Down Curtain on an Era
Goldman Sachs to be regulated by Fed
Fury at U.S. Lehman Brothers’ staff who could net £1.4bn in bonuses as UK employees face bleak future
Europeans on left and right ridicule U.S. money meltdown
Paulson On Verge Of Historic New Powers
Fed To Supervise Goldman And Morgan
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