This'n'That; December Third [TARP/Fed/Bailouts;

'Where Has All The Money Gone....?
    I was only able to hear a portion of 'The Rush Limbaugh Show,' Thursday, 12/02, so I went to his website to check out "what I thought I'd heard!"
YUP!!  I heard right!!  Here's a few quotes from Rush's show (ANY emphasis is mine!):

1. RUSH ARCHIVE (March 12th of this year):  The TARP money was not used for its original purpose.  There's something else out there, Jordan, you need to know.  The Federal Reserve, before the TARP bailout, made loans totaling $2 trillion and they will not tell us to whom.
2. RUSH (Live):  Well, we now know that it wasn't $2 trillion. We know it was a little over $3 trillion and we know where it went now. Finally we know where some of it went. "The Federal Reserve revealed details yesterday of trillions of dollars in emergency aid that it gave to US and foreign banks and to nonbank companies ranging from General Electric to Harley-Davidson during the financial crisis."
3. We go to California and we look at all of the unfunded pension liabilities for the teachers, public employees unions, Teamsters, and the same thing in Illinois and in New York. We have people who have been living on federal dollars, people who have been living well on the public dole. Humongous lifestyles.
4. And none of it has been real.
5. How much of it is just paper? I don't just mean debt when I say "paper" but just worthless dollars. It makes me wonder how much of any financial liquidity or solvency from an individual to a family to any entity, government or private, how much of it's real?  We're talking $3.3 trillion in loans, giveaways.  That amount of money, folks, is twice the annual budget of this country! Why do banks need that kind of money? What in the world...?
6. ....the foundation of this domestically -- is the subprime mortgage mess.  That is the foundation. That's where Fannie Mae and Freddie Mac lost their value, lost their worth. It is where banks were forced to make loans to people who couldn't pay it back so therefore people were in homes they couldn't afford, therefore homes were built that really the market had no business building.
7. Remember Janet Reno was threatening banks, bank presidents and executives. "If you don't do this, we're gonna investigate you." So how much of this is real?
8. General Electric?   For crying out loud! General Electric has always been licensed to print money just by virtue of doing business and yet they needed -- and I question if they even needed it, but General Electric ended up getting -- what was it, $116 million?
9. Hell, even the California State Teachers Retirement System got some of this money.  The city of Bristol, Connecticut, General City Retirement Fund got some of this money.   "$3.3 trillion in loans to financial institutions, companies, and foreign central banks during the crisis in 2008...."
10. GE borrowed $16 billion! GE borrowed a total of more than $16 billion.  Now, in the case of General Electric, let's connect some dots.  The CEO of GE is Jeffrey Immelt.  Jeffrey Immelt sits on one of Obama's economic commissions.  CNBC is owned by General Electric.  That business news channel has been obviously in the tank for obama and regime economic policy since he was sworn in.
11. When you end up lending this kind of money to private industry, you end up on their board, and you have a say-so in how their company is run. It's socialism.  You don't have to go to the board meetings but this is Marxian. It's right out of Karl Marx.
12. To try to understand all this I sought the counsel of Mike Munger who is the Director of the Philosophy, Politics, and Economics program at Duke University.
13. "New documents show that the most loan[s] and other aid for U.S. institutions over time went to Citigroup ($2.2 trillion)..." $2.2 trillion to a bank?  followed by Merrill Lynch ($2.1 trillion), Morgan Stanley ($2 trillion), Bear Stearns ($960 billion), Bank of America ($887 billion), Goldman Sachs..."  Goldman Sachs?  What do they need any money for?  They were bailed out twice!
14. Well, what I make of this is cap and trade. Somebody is gonna benefit from the "trades" if we actually do start trading carbon credits.  Goldman Sachs had the exclusive or the near exclusive on this, but still, why $615 billion?
15. But Henry Paulson was the Treasury secretary (former Goldman Sachs) and at the time, the fall of 2008, we're hearing nothing but the end of the world when it came to economics in this country and the world, and we had to do TARP or else life as we knew it ceased to exist.  I said, "Oh, this is making a joke.  Paulson just wants to make sure his buddies don't have to give up their homes in the Hamptons," and then I look at this list of people who got the money, and I'm sure they were able to keep their homes in the Hamptons.
16.  I mean, what are we to make of this $615 billion for Goldman Sachs? And during all this, they're paying billion-dollar bonuses to people -- in total, not individual billion dollars, but bonus packages totaling billions.  "($178 billion), JPMorgan Chase" That's David Rockefeller's bank for crying out loud. He's not with it anymore, but it is. "Wells Fargo ($154 billion)."
17.  "Foreign banks that benefited from the Fed's aid included Swiss bank UBS, which borrowed more than $165 billion," and isn't it interesting to note that that Swiss bank finally caved and decided to share the names and account data of Americans who had accounts with them?  Now, Swiss banking used to be the epitome of privacy. 
18. UBS borrowed more than $165 billion, and the IRS makes a deal with them or Treasury makes a deal with them and now that notion of privacy is gone.  "Deutsche Bank ($97 billion) and the Royal Bank of Scotland ($92 billion)."
19. This is the EU bailout, which we learned yesterday that we participated in. That's what this story is all about.  "Large non-banking companies in the U.S. used the Fed's lending programs to pay employees or..."  But these nonbank companies got money from the Fed "to pay employees or suppliers or to make loans through their subsidiaries," like GE has GE Capital or something. "They did so," they went to the Fed "because private financing had all but evaporated," and "private financing had evaporated" because the subprime mortgage crisis, essentially.
20. "Over time, GE borrowed a total of more than $16 billion," and then ended up in bed with the obama regime, "Harley-Davidson $2.3 billion and a group of independent Caterpillar dealers $733 million." Now, Caterpillar, that rings a bell, too, doesn't it?  Because Caterpillar was cited by obama as initially supporting the Porkulus bill when the CEO said, "I'm sorry, but, no, we didn't.  We're being misrepresented here," and the Caterpillar CEO eventually had to say, "We're gonna keep laying people off rather than hiring people."  obama said they were gonna start hiring.
21. "The California State Teachers Retirement System" is going to the Federal Reserve and borrowing money "and the City of Bristol (Conn.) General City Retirement Fund." That's ESPN.  That's all that's there: ESPN and a couple of cheap hotels.  When the Fed window is open can anybody go in there? No. Obviously it doesn't happen that way. "The documents disclosed details of more than $3.3 trillion in loans to financial institutions, companies and foreign central banks during the crisis. ...
22. "The Fed detailed more than $2 trillion it lent through eight programs from December 2007 to July this year ..." Now, the next question becomes: Where did THEY get the money?  You see, they're independent, the Fed. Munger explained this in the e-mail this morning.  The Fed is totally independent.  They don't have to get money through legislation.  Congress does not have to approve it.
23. The people, wherever they are and whoever they are, who know exactly what happened here, what it's all about, they are having the most fun listening to people like me trying to figure this out.  They're out there and they're listening to us go through all this, they know exactly what happened, they know they got away with it, and they're saying, "Okay, let's see what these clowns like Limbaugh and everybody else in the media has to say about it."
24. I think it's very interesting that all this news is coming out right after the elections and as long as possible before the next election.  We get word of a vast emergency during the campaign of 2008, a crisis.  If we don't act now, we're dead.  None of us will have anything.  So we act on it.  We are mired in a continually down spiraling economy, so bad that our exalted leaders now tell us that unemployment checks grow the economy.
25. Jeff Immelt, GE CEO, sits on Obama's Economic Recovery Advisory Board.  Did GE need $116 billion?  I maintain to you that if GE needed $116 billion Immelt would be gone and the stock price would be in big trouble.  I think that $116 billion was a gift.  I think it's free money, a bribe, a payoff, whatever you want to call it.  They didn't need it.  Now, Europe did.  MSNBC didn't need any money to stay in business.  MSNBC is a loss leader.  Refrigerator sales subsidize MSNBC.  Hell, the washer-dryer division probably subsidizes MSNBC.  They're a loss leader.  They can sit there and lose all the money in the world they want.  No bailout was for MSNBC, I guaran-damn-tee you of that.
26. Somebody gave them $116 billion, they were able to invest it or do whatever they want with it.  They were bought.  Something happened.  Now, you don't just get $116 billion from the regime for nothing.  You own something when that happens.  Nothing's free.
27. I just want you to remember all the populist bluster coming out of obama's mouth about how he was gonna stick it to these Wall Street guys.  The only thing standing between them and you with the pitchforks was obama, and look at who got all this money.  We know who's in bed with who else.  They can't fool us on this.

    Well, you get the drift: regime collusion with any- and everybody!! The "Clown Prince" promised to "run the most transparent White House in history"—disclosing donations, shunning lobbyists, and broadcasting important meetings on C-SPAN.  How's THAT workin' for ya, now?!?!
{Rush has lots more to say in this broadcast, on this topic at: http://www.rushlimbaugh.com/home/daily/site_120210/content/01125109.guest.html }
    Those of the 'dependency class;' ....those of the 'dole mentality' don't give a crap where the "obama money" goes, so long as they get their cut!!  We who are responsible for funding this "buying of votes;" funding this payoff to obama's friends and supporters-DO GIVE A CRAP where the money goes!!
    If anything rises to the level of impeachment--
THIS RISES TO THE LEVEL OF IMPEACHMENT!!

SOROS: Economic Terrorist Or Traitor?
    We all could pretty-much guess that it was-and is-George Soros pulling the strings and programming the teleprompter each time "Clown Prince" obama moves or opens his 'pie-hole!!'
    Soros' Media Matters website is funding Wikileaks;  Amazon.com is letting Wikileaks use two or three of their servers;  I'm sure in the upcoming days and weeks we'll find even deeper involvement by these and other wealthy and prominent fascists. 
    One thing I know "for dam' shore;"  Notta dam' dime of my-or my family's-money will be spent on ANYTHING REMOTELY INVOLVING AMAZON!!! 

Mexican 'Police' State

Another Impeachable Offense!
    It has been reported on Fox News' midday program that the death toll by the Mexican drug cartels stands at over 10,600!!  Do you realize the Mexican total is over twice the annual total for both Iraq and Afganistan (5,700+)!!
    Ever hear of the 'Merida Initiative?'  Well, neither have I but I think we best educate ourselves:

The Mérida Initiative (also called Plan Mexico by critics) is a security cooperation between the United States and the government of Mexico and the countries of Central America, with the aim of combating the threats of drug trafficking, transnational organized crime and money laundering. The assistance includes training, equipment and intelligence.  The Government Accountability Office and the National Drug Intelligence Center, have estimated that Mexico's cartels earn upwards of $23 billion in illicit drug proceeds from the United States.   The Congress passed legislation in late June 2008 to provide Mexico with $400 million and Central American countries with $65 million that year for the Mérida Initiative.

    04/24/2010: The United States and Mexico have launched a new stage of bilateral cooperation against organized crime based on a strategy which not only includes the transfer of resources and equipment, but socio-economic projects with special emphasis on youth and business.  Both countries agreed Tuesday to extend the Merida Initiative for a more efficient anti-drug war, at a meeting attended by U.S. Secretary of State Hillary Clinton, ten days after the murder of a U.S. consular official in Ciudad Juarez.
    Seems ta me, all this boils down to two US presidents throwing abuncha money at a 'Mexican problem' then turning their backs on the specifics of the problem!  In the "Clown Prince's" case, he not only turned his back on the problem, but he and 'General' Holder sued the State of Arizona for doing EXACTLY the same thing the federal government is sworn to do by law!!
    More by obama than by President Bush--but they both have ignored even the most basic of remedies to the problem: BORDER SECURITY!!  Where's the border fencing that was supposed to be completed by now??  Where's the stepped-up border security in light of the increased threats??  Where's the declaration of a 'national emergency' to provide the basis-in-law for deployment of the military within the United States (along the southern border)??
    It's time we tossed obama's "fuzzy-brown-ass" OUT and got somebody with the spinal column and testicular fortitude to 'get the job done!!'

Til Nex'Time....