4
POPSWashington cuts Wall Street's allowance But none of that stopped right-wing critics of Obama's alleged march to totalitarianism from piling on. "This is fascism," Rush Limbaugh burbled on his radio show. "They're still privately owned, but they're being run by who? Not even Obama, we're told. The freaking pay czar, who doesn't even have to tell Obama what he's doing. So he doesn't have to stop at the execs; he can limit the pay of the janitors. He can limit the pay of anybody he wants, and pretty soon it's gonna spread beyond companies that took TARP money." Fox News posted a lengthy article wondering whether Feinberg even had the legal power to set the pay caps, though there's broad agreement elsewhere that he does. "If bankers don't challenge this, if they supinely accept it out of fear of what the government will do if they do challenge ... then you have a nation of sheep," Fox's legal analyst, Andrew Napolitano, said.
0
POPSWall Street Gains, Main Street Pains We have to wonder, "Who's pulling the strings", Audit the fed! On Tuesday, Senators Jeff Merkley (D-OR) and Bob Corker (R-TN) introduced "The Federal Reserve Accountability Act," an attempt to kill HR 1207/S 604 by passing a bill that prevents a full audit and full transparency from America's secretive central bank. While language in this bill would permit a limited audit of the Fed's actions in the Troubled Asset Relief Program (TARP) and similar high profile bailouts, it would not allow an audit to review the Fed's inflation of the money supply or its agreements with foreign central banks, among other shortcomings. Let your senators know you expect them to support the American people's demand for full transparency, not some watered down measure designed to stop a full audit! http://www.campaignforliberty.com/index.php#26719 Action needed now! Thanks.
2
POPSKrugman Sounds The Alarm On Banks - Again.
So who was this thundering bank critic? None other than Lawrence Summers, the Obama administration’s chief economist — and one of the architects of the administration’s bank policy, which up until now has been to go easy on financial institutions and hope that they mend themselves. Why the change in tone? Administration officials are furious at the way the financial industry, just months after receiving a gigantic taxpayer bailout, is lobbying fiercely against serious reform. But you have to wonder what they expected to happen. They followed a softly, softly policy, providing aid with few strings, back when all of Wall Street was on the ropes; this left them with very little leverage over firms like Goldman that are now, once again, making a lot of money. But there’s an even bigger problem: while the wheeler-dealer side of the financial industry, a k a trading operations, is highly profitable again, the part of banking that really matters — lending, which fuels investment and job
6
POPSObama's Czars You will need to read the article at the site to see "why they qualified".
1
POPSEconomy May Now Be In A "Far More Dangerous Place" In an interview with the Investigative Fund, Barofsky lays out the breadth of his work and is blunt in his assessment about whether the financial system, now with fewer and bigger banks, is safe. "I think we may be in a far more dangerous place today than we were a year ago," he said. Read more at: http://www.huffingtonpost.com/2009/09/25/neil-barofsky-tarp-inspec_n_300178.html
0
POPSIn Denial About Financial Reform Also see Dan Indiviglio over at The Atlantic: http://business.theatlantic.com/2009/09/why_is_washington_ignoring_the_real_causes_of_the_crisis.php The danger of putting a lawyer in charge of something like this is, in my opinion, best exemplified by Neil Barofsky, the attorney they put in front of TARP oversight. Barofsky has used his pulpit to put out some really meaningless and misleading numbers. We need real information from these guys, not noisy innumerate numbers. See: http://www.forbes.com/2009/07/27/bailout-bad-math-business-washington-barofsky.html
3
POPSA Letter to Congress: With All Due Respect, Are You Crazy? It took good dependable cars (that were the best some people could afford) and replaced them with high-priced and less-affordable cars, mostly Japanese. A good percentage of the profits went out of the country. And the American taxpayers take the hit for Congress' generosity in burning three billion more of our dollars on failed experiments. So with a perfect 100 percent failure rate and a record that proves that "services" you shove down our throats are failing faster and faster, you want Americans to believe you can be trusted with a government-run health care system? 20 percent of our entire economy? With all due respect: Are you crazy? Brought to you by the editors and research staff of FamilySecurityMatters.org. Editor’s note: We don’t know who wrote this – it’s making the rounds on the Internet – but we agree wholeheartedly with the sentiment.
5
POPSScott Wheeler Discussing Obama's Czars on Fox & Friends Scott Wheeler: Special Election in New York, Why Obama Lost Video: Government Spending Out of Control Press Release: TARP Repayment Funds Should Not Be Used as a Political for Obama To Repay His Supporters Scott Wheeler: President Barack Obama Returns to His Muslim Roots Video: Conservatives Gear Up for Supreme Court Fight Video: Supreme Court Battle Lines Drawn Video: Sotomayor Viewed as Threat to Constitutional Law Video: Scott Wheeler: Sotomayor is the Wrong Nominee Video: Scott Wheeler Aggressively Confronts Liberals on MSNBC’s “The Ed Show”
4
POPSWhat I Saw at the 9/12 March Wow! There is still a lot of misinformation floating around out there. Most people have good hearts and are fearful of what direction they think the government is headed, and rightly so. They should always question the government’s motives but they should also question their sources of information. One of the biggest dangers of any democratic society is to follow unquestioningly what you are told by the mainstream media. Especially a corporate controlled media that embraces bias and plays on your fears to get your attention. The author mentions many things these people are either against or fearful of. I am given the impression that these people are against them simply because they are perceived to be democratic principles. The truth is many of these things were started under a Republican administration. Some of these things fall directly onto Barack Obama.
7
POPSIn President Barack Obama Backyard, 10,000 Patriots Unhappy About Unstainable Government Spending
New Lenox Tea Party Express draws 10,000 YouTube (1:58) On tax day, the tea party movement began in earnest. Until now the movement has remained at the local levels. No longer will that be the case. The movement is coming to Washington on September 12, 2009 for a march and rally at the US Capitol. From autos to banking, the government is crowding out the private sector of our economy. Where Bush bailed out the private sector, Obama is making hostile government takeovers. Ignoring our multi trillion dollar deficit, Washington is considering a massive new energy tax and a takeover of health care. On Saturday, September 12th FreedomWorks will be joined by over ten thousands of liberty-loving activists to take a stand against politicians who are bankrupting our future. National co-sponsors include Tea Party Patriots, ResistNet, National Taxpayers Union, Americans For Tax Reform, Young Americans for Liberty, Ayn Rand Center, Campaign for Liberty, Free Republic .
2
POPS To Members of Congress And finally, to set a new record: Cash For Clunkers, failed in just over 5 weeks! It took good dependable cars (that were the best some people could afford) and replaced them with high-priced and less-affordable cars, mostly Japanese. A good percentage of the profits went out of the country. And the American taxpayers take the hit for Congress' generosity in burning three billion more of our dollars on failed experiments. So with a perfect 100% failure rate and a record that proves that "services" you shove down our throats are failing faster and faster, you want Americans to believe you can be trusted with a government-run health care system? 20% of our entire economy? With all due respect, Are you f***ing crazy?
5
POPSThe squeegee guys of health care President Obama has failed to convince Americans that our health care is broken. Just saying so doesn't make it so. The evidence just is not there. We don't have a broken medical system. If 84 % percent of the US population is happy with their health insurance, why break it all down and promise to start from scratch for just another couple of trillion bucks? The stimulus bill was a gigantic waste, the biggest waste in American history -- except for TARP. And TARP has been denounced by its own Inspector General for a lack of transparency. That is a signal of corruption -- and it's typical of humongous government projects that are way beyond oversight and accountability. In Europe, the EU bureaucracy has failed its internal accountant's reports for twelve straight years. It is way too corrupt to expose to public view.
5
POPSTo The RNC: WAKE UP The Republicans have for years presented themselves as "conservatives" and the party of "family values." Why is it that "conservative" doesn't include calling for EACH AND EVERY ONE OF THESE SCAMMERS TO BE THROWN IN PRISON and WHY IS IT THAT I KEEP HEARING ABOUT SOME FLOOZY SCANDAL FROM THESE SO-CALLED "FAMILY VALUES" CHAMPIONS? The ONLY difference between the RNC and DNC is that the DNC tells me up front that the Democrats intend to gang-rape me at the outset. The Republicans claim to intend to protect me, but then after I lower my guard I am violated from behind without warning. This is unacceptable but if I am forced to choose between being warned first and being lied to I'll take the warning thank you very little. I made clear to THE RNC that if they want one thin dime from me they can call again when every Republican Senator and Representative masses together on the steps of the Capitol and states in one loud, clear voice for all in America and every TV Network
5
POPS'Cash for Clunkers' Runs Out of Gas Adam Lee, owner of Lee Auto Group in southern Maine, had stopped accepting clunkers at four of his dealerships because he was concerned the funds would run out. Mr. Lee said his firm accepted 100 clunker trades and is owed $450,000 from the government, none of which has been disbursed.
3
POPSTime for Congress to Start Issuing Subpoenas Pulling the TARP over taxpayers' eyes By: Michael Barone Last fall, former Treasury Secretary Hank Paulson told shocked Americans that the $700 billion TARP had to be passed immediately but not to worry because taxpayers would eventually make money on the investments as banks and other institutions getting bailout money paid it back. To the contrary, Barofsky said, not only are banks hoarding TARP funds, it is "very unlikely" that most of the TARP money will ever be repaid, let alone turn a profit. The hastily passed bill included minimal reporting requirements, so a third of all TARP recipients admit they used the money to repay loans, merge with other banks, and even purchase more mortgage-backed securities from Fannie Mae and Freddie Mac - the two institutions at the heart of the housing market collapse. Some companies are even using TARP to pay off other government loans in what auditors call "bailout arbitrage." And it's all perfectly legal.
3
Pops
Newest Clips
Latest Comments
Most Pops
Print
Save
Turn on live update