Where is Gold Prices Going? Peter Schiff vs. Larry Kudlow: Gold & The Dollar — Videos

Posted on April 23, 2013. Filed under: Blogroll, Books, Business, College, Communications, Constitution, Economics, Education, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, history, Investments, Law, liberty, Life, Links, media, People, Philosophy, Politics, Raves, Taxes, Technology, Unemployment, Video, War, Wisdom | Tags: , , |

gold_price_wobbles_as_liquidation_intensifies

Peter Schiff vs. Larry Kudlow: Gold & The Dollar

Peter Schiff: I’ve Been Buying Gold for 13 Years

Bloomberg’s Alix Steel Analyzes Why Peter Schiff & Gold Mining Stocks Are Massive Losers

Clown Solidarity – Jim Cramer Supports Peter Schiff On Gold (You Know What This Means…)

Keiser Report: Correlation & Causation of Gold Price (E434, ft. Paul Craig Roberts)

Read Full Post | Make a Comment ( None so far )

Larry Kudlow On The Failure Of Obama’s Keynesian Fiscal Policy–Videos

Posted on September 20, 2012. Filed under: American History, Banking, Blogroll, College, Communications, Economics, Education, Employment, Energy, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, history, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Rants, Raves, Security, Tax Policy, Taxes, Technology, Unemployment, Unions, Video, Wealth, Wisdom | Tags: , , , , , , , |

Larry Kudlow: If Keynesian taxing and spending was going to work it would have already worked 

[youdtube=http://www.youtube.com/watch?v=Z0B3dWOno90]

Larry Kudlow: If Keynesian taxing and spending was going to work it would have already worked Part 2 

Rep. Kevin Brady on CNBC’s Kudlow Report 8-31-12 

Background Articles and Videos

Keynesian Economics Is Wrong: Bigger Gov’t Is Not Stimulus

Eight Reasons Why Big Government Hurts Economic Growth 

Free Markets and Small Government Produce Prosperity

Read Full Post | Make a Comment ( None so far )

Ron Paul’s Hunt For Delegates At State Conventions–Videos

Posted on May 19, 2012. Filed under: American History, Banking, Blogroll, Business, College, Communications, Demographics, Diasters, Economics, Employment, Energy, Federal Government Budget, Fiscal Policy, Health Care, history, Immigration, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Monetary Policy, Money, Music, People, Philosophy, Politics, Public Sector, Raves, Resources, Tax Policy, Taxes, Unemployment, Unions, Vacations, Video, War, Wealth, Weather, Wisdom | Tags: , , , , , , , , |

Fox Going Through Post manic Stress: Ron Paul A Major Threat 

40% Delegates are Ron Paul!!!!!!!!!! 

Breaking News: All Delegates Are Unbound!! Proof and Evidence

FOX News – Ron Paul Dominating State Conventions 5/7/12 

And Then There Were Two: Ron Paul and Mitt Romney 

Is Ron Paul electable? 

Ron Paul Has Not Suspended His Campaign!!

“Ron Paul Won Minnesota & Washington State!” Rachel Maddow (THIS IS HOW WE DO IT BABY!) 

Today Is a HUGE Day For The Ron Paul Campaign! 

Ron Paul’s Interview with CNBCs Larry Kudlow !!

Related Posts On Pronk Palisades

It’s Over–Progressives Control Democratic and Republican Parties–Ron Paul Pursues Delegates–Running Scared–In Dreams–Videos

Read Full Post | Make a Comment ( None so far )

Liar Obama’s Tax Cut Compromise? aka The Bad Deal: The Democratic and Republican Parties Betray,Insult and Sellout The Tea Party Movement And American People!

Posted on December 15, 2010. Filed under: Banking, Blogroll, Communications, Demographics, Economics, Employment, Federal Government, Fiscal Policy, government, government spending, history, Investments, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Rants, Raves, Video, Wisdom | Tags: , , , , , , , , |

Liar Liar Pants on Fire

 

Pence, DeMint Discuss Taxes On CNN

 

 

Congressman Steve King on Sean Hannity

 

Limbaugh’s Take On Obama’s Tax Deal “We Could Have Got More”

 

Mark Levin – We Need Leaders, We Need Leaders That Know What There Doing

 

Mark Levin – I Was In A Great Mode Today Until This Latest Act Of Tyranny

 

I am not buying at all the Republican Party talking point that the extension of the existing tax rates is required to avoid the economy going into another recession and this requires agreeing to the Obama’s Tax Cut Compromise massive new stimulus spending bill.

Nonsense.

The U.S. economy is already in a  recession with unemployment going over 10% in January 2011.

The Obama Tax Cut Compromise– aka The Bad Deal– only creates more uncertainty as to whether the Republican Party leadership and establishment has a clue as to what is required to grow the economy.

The Tea Party Movement expects and demands massive cuts in Federal Government spending and balanced budgets.

This requires Obama’s proposed budgets be cut over $1,000 billion per budget year.

So what does the Republican Party leadership and establishment do.

They negotiate the Obama’s Tax Cut Compromise–aka The Bad Deal.

The Republican leaders are  the biggest suckers, sellouts or both.

Let the Democratic Party throw a fit over Obama’s apparent sellout.

Angry Dems Threaten Obama’s Tax Cut Compromise 

 

Nonsense. This is a political trap and the Republican leadership falls for it.

Only the political ruling class in Washington D.C. and the big media would call the extension of the existing tax rates by two years as a tax cut.

No tax rates were cut!

You do not compromise and negotiate deals will liars.

You defeat them.

No fiscally responsible Republican should vote for the Obama Tax Cut Compromise–aka The Bad Deal.

Instead wait until the new Congress starts on January 2011.

Vote on a very limited and narrow  tax bill that in essence extends the existing tax rates indefinitely.

Call the Democratic Party’s bluff.

If Obama vetoes such a bill, the Democratic Party will lose hugely in the next election.

Obama will become the Hoover of the Democratic Party if he vetoes such a bill.

Republicans on mass should walk away from The Bad  Deal.

As the song goes, you need to know when to fold them.

Kenny Rogers – The Gambler

Fold now.

Run from The Bad Deal. 

Otherwise you will be targeted for defeat in the next election.

The American people and the Tea Party Movement oppose the so-called Obama Tax Cut Compromise–The Bad Deal.

Kill The Bad Deal.

The Republicans better dance with the one that brought you:

Shania Twain – Dance With The One That Brought You

Make the call Boehner and tell President Obama that The Bad Deal is called off.

Stop crying and start fighting for the American Dream for the children and future generations of Americans.

 

Related Posts On Pronk Palisades

Republican Leadership and Establishment Sells Out The Tea Party Movement–Kill The Obama/Republican Bad Deal!

John Boehner Crying Over The American Dream–Tea Party Reminder To The Ruling Class–”When The Government Fears The People, There Is Liberty.”–Videos


Read Full Post | Make a Comment ( None so far )

Sarah Palin: Republican or Independent–Elephant or Bull Moose–Palin–Preening President Popper!

Posted on November 18, 2009. Filed under: Blogroll, Communications, Demographics, Economics, Education, Employment, Energy, Fiscal Policy, Foreign Policy, government spending, Health Care, Law, liberty, Life, Links, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Raves, Talk Radio, Taxes, Video, Wisdom | Tags: , , , , , , , , , , , , , , , |

  

 

“Courage is the greatest of all virtues, because if you haven’t courage, you may not have an opportunity to use any of the others.”

~Samuel Butler

 

Governor Palin on Hannity Part 1 (Foxnews Nov 18 2009).avi

Governor Palin on Hannity Part 2 (Foxnews Nov 18 2009).avi

Governor Palin on Hannity Part 3 (Foxnews Nov 18 2009).avi

Governor Palin on Hannity Part 4 (Foxnews Nov 18 2009).avi

Governor Palin on Hannity Part 5 (Foxnews Nov 18 2009).avi

Governor Palin on Hannity Part 6 (Foxnews Nov 18 2009).avi

Gov Palin on Sean Hannity’s Radio Show pt 1 Nov 18

Gov Palin on Sean Hannity’s Radio Show pt 2 Nov 18

Greta on Governor Palin’s Media Roundup (Foxnews Nov 17 2009)

Rush Limbaugh Speaks with Sarah Palin – Part 1/2

Rush Limbaugh Speaks with Sarah Palin – Part 2/2

Sarah Palin, Barbara Walters: Good Morning America (Part 1 of 2)

Sarah Palin, Barbara Walters: Good Morning America (Part 2 of 2)

Sarah Palin wants to “..work her butt-off for common sense conservatives…”, which tells me she is running for the office of President of the United States.

Will former Governor Palin run as a Republican or Independent on a third party ticket, Elephant or Bull Moose?

Today it sure sounds like she would will run as a Republican candidate for the office of President.

Larry Kudlow Panel The Palin Effect

She would be an excellent choice for the Vice-President slot as well.

However, she understands why here husband, Todd, is registered as an independent.

Should she be treated unfairly by the Republican Party establishment, she could run as an independent.

The Republican Party elites better treat her right or her supporters would vote for her instead of the Republican candidate., should she decide to run as an independent.

If Sarah Palin wants to be President of the United States she should follow the example of Ronald Reagan and build a grassroots movement of conservatives, libertarians, and independents for limited government, fiscal responsibilty and job and wealth creation.

She must do her homework and study both domestic and national security issues.

Then communicate her positions on the top twelve issues facing the nation today.

Do not underestimate Governor Palin on her ability to choose the right policy solutions and communicate them to the American people:

The Larry Kudlow Show (October 17, 2009)


Here is a conservative and libertarian political agenda for a quick start:

1. Job Creation: reduce the tax and regulation burden of small and medium size businesses to encourage business formation, economic growth, job and wealth creation.

2. Tax Reform: replace all Federal income, payroll, capital gains, estate and gift taxes with a national consumption tax–The FairTax.

3.  Federal Budget: require balanced or surplus budgets only, no more budget deficits and deficit spending and absolutely no government bailouts and subsidies to businesses.

4. Federal Government Size and Scope: eliminate  ten Federal Departments and the Federal Reserve System and their associated programs, subsidies, unfunded state mandates and the number of Federal employees by 50%.

5. Federal Government Regulation: reduce by a least half the number and scope of government regulations.

6. Energy Independence: promote oil and gas exploration and production, oil refinery and nuclear power generation plant construction.

7. Education: promote competition and accountability among schools by supporting  home schooling , school choice  and vouchers for parents to pay for school tuition and fees.

8. Health Care Reform: promote tort reform, interstate competition among insurance companies,  and health saving accounts paired with individual high deductible health insurance plans.

9. Social Security and Medicare: place both Social Security and Medicare on a financial and actuarial sound basis and transition to individually owned and controlled Social Security Retirement Accounts and Health Saving Accounts paired with high deductible health insurance plans.

10. Immigration: no amnesty for illegal aliens, stop illegal immigration by requiring all employers to use E-Verify to determine eligibility to work in the USA, complete and patrol the entire border fence, remove and deport all criminal aliens, and limit legal immigration to 250,000 persons per year.

11. National Security: bring the troops home from around the world including Germany, Japan, South Korea., Iraq and Afghanistan and budget 5% of Gross Domestic Product for national defense  to build and train all of the military services for defense of the nation.

12. International Affairs: withdraw from the United Nations and require the United Nations to move to another country.

Listening to her answers to serious policy issue questions, it is apparent she has already been studying the top issues.

The pump and dump drive-by media or what Palin calls the lamestream media are in dump-mode attacking her.

O’Reilly: The Sarah Palin Fear Factor (Foxnews Nov 17 2009)

HLN’s Joy Behar, Ann Coulter & Hilary Rosen Spar Over Sarah Palin’s Book

The lamestream media needs to damage her to prevent her from having any chance of running in 2012 or 2016 and beating either Barack Obama or Hillary Clinton.

The country-club or Rockefeller Republicans, aka the Republicans In Name Only, the RINOs, are also taking their shots including McCain’s former campaign staff.

My educated guess is that both Newt Gingrich and Sarah Palin will both run for the nomination in 2012 and whoever wins the nomination for Presidency will select the other for the Vice-President slot on the ticket to unite the Republican Party–Newty and The Beauty or Beauty and Newty.

Some woman conservatives are hoping for a Sarah Palin/Michelle Bachmann ticket.

Others are hoping for a Sarah Palin/Marsha Blackburn ticket.

Both are terrific ideas!

How about  Sarah Palin/Tom Coburn or Tom Coburn/Sarah Palin ticket ladies?

 

A Senator and Doctor that really knows how to reform health care!

Both Democrats and Republicans call him Doctor No–a fiscally responsible conservative that walks the walk.

Palin knows that the American people are tired of President Obama’s America apologetic tours with bowing to Emperors and Kings.

The American people are not pleased with the direction the progressive radical socialist President is taking their country with massively huge budget deficits, tax increases, and a new health care entitlement program.

Palin knows how to attack these issues with a smile and prick the inflated Obama opinion of himself.

Palin– The Preening President Popper–Bye Bye Barack!

Background Articles and Videos 

http://www.federalbudget.com/

 

http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/

Record-High Deficit May Dash Big Plans

$1.4 Trillion in Red Ink Means Less to Spend On Obama’s Ambitious Jobs, Stimulus Policies

 http://www.washingtonpost.com/wp-dyn/content/article/2009/10/16/AR2009101602388.html

http://www.brutallyhonest.org/brutally_honest/2009/11/obama-tripled-the-national-deficit-his-first-year-in-office.html

I.O.U.S.A. Bonus Reel: Social Security+Medicare Projections

I.O.U.S.A.: Byte-Sized – The 30 Minute Version

http://www.youtube.com/watch?v=O_TjBNjc9Bo

 

Stop Spending Our Future – The Crisis


 

$78.8 Trillion; United States Debt Obligations exceed world GDP; Monetary Collapse Looming?

Obama; Spending us into Oblivion. Why? – How do we pay off this Debt? – Glenn Beck Explains

Has the White House Gone Nuts?

 

U.S. National Debt Clock Real Time

http://www.usdebtclock.org/

 

Sarah Palin Facebook Page
http://www.facebook.com/sarahpalin

Michele Bachmann

http://www.michelebachmann.com/index.php

Who’s afraid of conservative American women?

By Michelle Malkin  

“Female Conservative Derangement Syndrome has spread across the pond. The Observer of London spotlights the “extreme” women in American politics that give them the willies.

Boo!

She is a striking brunette with a decidedly outspoken attitude. She lambasts President Barack Obama as a socialist and has become the darling of America’s right-wing activists who flock to her appearances. She is hated by liberals and loved by conservatives.

Sarah Palin? Not quite. Meet Michele Bachmann, a Republican congresswoman from Minnesota who is being hailed as a new and increasingly powerful voice in American politics.

Bachmann, at 53, is a darling of the so-called Tea Party movement, which has campaigned vociferously against healthcare reform, the economic stimulus package and legislation to combat climate change. Her followers have been behind mass rallies in Washington and smaller ones all over the country. She has emerged as one of the most visible politicians in America, frequently appearing on the conservative Fox News channel, whose hosts often champion her causes.

She is part of an increasingly visible “female brand” of conservatism that is rising in America in the wake of the election of Obama. They include notable syndicated commentators such as Michelle Malkin and Ann Coulter, whose dislike for liberals has grown ever more shrill in recent months. And, of course, Palin herself. She is still a giant of the political and media landscape and next week embarks on a book tour to sell her autobiography. It has already sparked a media frenzy, with a heavily hyped appearance on Oprah Winfrey’s show, and become a huge bestseller on pre-orders alone.

All these women express a mood of conservative discontent that is becoming increasingly vocal and, some experts warn, extreme.

Yes, we’re “extreme.”

No apologies here for being extremely outraged at Washington’s ongoing generational theft, extremely mortified at our imperiled national security, extremely aggravated at the globe-trotting groveler-in-chief, and extremely disgusted with business-as-usual cronyism, pay-for-play thuggery in the Obama White House. …”

http://michellemalkin.com/2009/11/16/whos-afraid-of-conservative-women/

Related Posts On Pronk Palisades

Gingrich/Palin in 2012–Conservative Comeback Candidates–Newty and The Beauty

Newt Gingrich and Sarah Palin Go On Offense Againt The Radical Socialist Democratic Party and President Obama

Katie Couric Wins Walter Cronkite Award for Sarah Palin Attack Interview! Next: Retirement or Obama Press Secretary?

Palin Proud

Palin Persuasion–Reagan Redux–Palin Platoon Power!

Memo To Senator McCain: Turn Sarah Palin Loose

Guys and Gals Gaga and Giddy Over Governor Sarah Palin

The Unsinkable Sarah Palin for The American People vs. Condescending Charlie Gibson for The American Elites

Sweet Sarah Palin Knocks Out Bitter Barack Obama

Knight of Faith Sarah Palin vs. Knight of Infinity Barack Obama

Slugger McCain Hits a Grand Slam Homerun: Selects Alaskian Governor Sarah Palin as Vice-President Running Mate!

McCain/Romney vs. Obama/Biden: Landslide McCain Wins in November

Tom Coburn 

Obama’s Trick On The American People: Health Insurance Reform=Huge Hikes in Taxes and Premiums for Health Insurance and Massive Medicare Funding and Payment Reimbursement Cuts–Congressional Coercion–It’s Alive!

Republican Health Care Reform: The Patients’ Choice Act

Medical Doctor and Senator Tom Coburn On Health Care–Videos

The Senate Doctors Show–Videos

 

Read Full Post | Make a Comment ( 1 so far )

Obama’s Organized Crime Syndicate: ACORN, CCI, SEIU, TARP, GE, Cap and Trade?–Video Exposé

Posted on June 4, 2009. Filed under: Blogroll, Economics, Employment, Law, Links, People, Quotations, Rants, Raves, Regulations, Strategy, Video | Tags: , , , , , , , , , , , , , , , , |

obamacorn

Glenn Beck – Exposes ACORN

 

Glenn Beck, ACORN & Relation to Sanders of Golden West Financial 06/03/09
 
 

 

Glenn Beck – ACORN & SEIU using Thug Tactics?

 

Barack Hussein Obama and Friends – A History of Radicalism

 

Glenn Beck ACORN With Bill O’Reilly 05 28 09 Part 2

 

Glenn Beck Interviews Marcel Reid of ACORN 8 on Audit Request. 05 29 09

 

Glenn Beck & Judicial Watch Pres Tom Fitton, on ACORN Involvement in 2010 Census. 05 29 09

 

Matthew Vadum on Glenn Beck Program, May 13, 2009, part 1 of 2

 

Matthew Vadum on Glenn Beck Program, May 13, 2009, part 2 of 2

 

Kevin Whelan, ACORN Spokesperson

 

Barack Obama – ACORN Will Shape My Domestic Policy

 

OBAMA’S ACORN EXPOSED PART 1 OF 2

 

OBAMA’S ACORN EXPOSED PART 2 OF 2

 

SEIU Boss Puts Politicians On Notice

 

Political Payback: SEIU Influences Use of Stimulus Money in California

 

National Right to Work Talks Card Check On Lou Dobbs

 

Obama supports the Employee Free Choice Act

 

Former Union Organizing Director discusses Card Check

 

 US Federal Government Deficits

federal_spending

 

Stop Spending Our Future – The Crisis

 

Joe Stiglitz …explains how we got robbed by tarp 2

 

Inside Look – How Not to Fix the Financial System – Bloomberg

 

Is TARP a Criminal Enterprise ? part 1/2 

 

Is TARP a Criminal Enterprise ? part 2/2

http://www.youtube.com/watch?v=CtfhVdvrZkY 

 

Why Toxic Assets and Incompetent CEOs Persist (FRAUD) 1/3

 

Why Toxic Assets and Incompetent CEOs Persist (FRAUD) 2/3

 

Why Toxic Assets and Incompetent CEOs Persist (FRAUD) 3/3


 

GE Shareholder Meeting: Investors of Tanking Co. Outraged over NBC, MSNBC Bias

 

GE CORRUPTION: How GE Intends to Make Money from Stimulus Package and Obama Administration

 

Glenn Beck & Bill O’Reilly: GE, NBC & MSNBC in Corruption Racket with Barack Obama Admin?

 

Rep. Dingell on Cap and Trade

 

Cap and Trade: It’s an Energy Tax

 

Warren Buffett Slams “Cap and Trade” as a Regressive Tax on All Americans

 

Obama: My Plan Makes Electricity Rates Skyrocket

 

Kudlow Blasts Cap and Trade

 

MAJOR REDUCTIONS IN CARBON EMISSIONS ARE NOT WORTH THE MONEY DEBATE: PETER HUBER

 

You are invited to attend a Tea Party on July 4, 2009, Independence Day!

 

Join the Second American Revolution

 

we_the_people

The Meaning of Independence Day

Ayn Rand Center for Individual Rights

 

Second American Revolution–Tea Party Celebrations–Washington Fair–July 4, 2009–An Open Invitation To The American People 

American People’s Plan = 6 Month Tax Holiday + FairTax = Real Hope + Real Change!–Millions To March On Washington D.C. Saturday, July 4, 2009!

Millions of Rightwing Extremists To March On Washington D.C. Fair–Celebrating Independence Day Tea Parties and Chanting “Extremism in the defense of liberty is no vice!” 

 

Please Spread The Message of Liberty

liberty_bell1

 “Proclaim liberty throughout the land to all its inhabitants.”

 

 Let Freedom Ring  

 

 

 

Thomas Paine on to Washington

 

switchfoot-dare you to move(live)

Background Articles and Videos

Defending the American Dream

The U.S. Department of Injustice

By Michelle Malkin  •  June 5, 2009 09:56 AM

doj

“…My column today looks at the political corruption of the Obama Justice Department. With the crime-coddling crony Attorney General Eric Holder in charge, no one should be surprised, of course. Members of Congress who care about electoral integrity need to press the administration on who intervened in the New Black Panther Party case and why. Members of Congress who care about voter fraud need to press the administration on its decision to undermine Georgia voter verification rules. And members of Congress need to continue connecting the dots to ACORN and the larger plan to wield power to preserve and protect a permanent Democratic majority. …”

“…Former Justice Department official and voting rights scholar Hans Von Spakovsky added: “I have never heard of the Department dismissing a case it has already won by default. They have…sent the message that hurling racial epithets and slurs at voters and intimidating and threatening voters at the polls is fine with the Holder Justice Department – at least if you are African-American. I seriously doubt that would have happened if the races had been reversed in this case.” …”

http://michellemalkin.com/2009/06/05/the-us-department-of-injustice/

Document drop: The ObamACORN-Project Vote-nutroots axis

By Michelle Malkin 

“…Have you ever wondered why liberal blogs have shown zero interest in the coordinated corruption between the Obama campaign, ACORN, and its non-profit affiliates who are barred by law from engaging in partisan political activity?

Here’s an internal e-mail from Project Vote/ACORN lead official Nathan Henderson-James addressed to his “colleagues” — all editors and writers for the Left’s leading blogs, including Ezra Klein and Greg Sargent (now both working for the Washington Post). Henderson-James asks his colleagues for help in raising $850,000 for the Project Vote registration drive and thanks them for their “continued generosity and support” and “loyalty.” …”

http://michellemalkin.com/2009/06/02/document-drop-the-obamacorn-project-vote-nutroots-axis/

 

Document drop: The ObamACORN-Project Vote-NYTimes axis cont’d.

By Michelle Malkin

project_vote_logo  

 

“…As part of our ongoing look at the coordinated corruption between ACORN, Project Vote, and the Obama campaign, here’s another internal email between staffers discussing how to use the Obama donor list — and an April 2008 New York Times piece on Florida voter registration laws — to drum up more money and bodies for the Obama-promoting network: …”

“…Remember: Project Vote is a 501(c)(3) barred by law from engaging in political campaigning.

Background on the players: Nathan Henderson-James was the research director of Project Vote who served simultaneously as ACORN’s political strategist. He currently works on online campaigns at ACORN and was director of the “Strategic Writing and Research Department (SWORD)” at ACORN non-profit affiliate Citizens’ Services Inc (that’s the same outfit that the Obama campaign paid $800,000 to last year and failed to report to the FEC.) Karyn Gillette was the Ohio-based national Project Vote development director who also served as campaign consultant to the ACORN-friendly Democrat secretary of state in Ohio, Jennifer Brunner. Michael Slater was the deputy director of Project Vote who had served as an organizing team leader for District 1199 SEIU and as executive director of Minnesota ACORN. He’s currently executive director of Project Vote. Michael McDunnah is PV’s communications director. …”

http://michellemalkin.com/2009/06/02/document-drop-the-obamacorn-project-vote-nytimes-axis/

 

Barack Obama and the History of Project Vote

 

Holder undermines Georgia’s voter verification rules; ACORN cheers

By Michelle Malkin  

obamacorn

Photoshop credit: Leo Alberti

“…First, Attorney General Eric Holder and the DOJ protect the New Black Panther Party bullies who menaced a Philly voting station last fall.

Now, Holder and the DOJ are opening the voter fraud floodgates in Georgia. The Georgia secretary of state explains:

Obama Justice Department Decision Will Allow Non-Citizens to Register to Vote in Georgia
Decision Bars Georgia From Continuing Voter Verification Process

Georgia Secretary of State Karen Handel issued the following statement following the U.S. Department of Justice’s denial of preclearance of Georgia’s voter verification process:

Atlanta – “The decision by the U.S. Department of Justice (DOJ) to deny preclearance of Georgia’s already implemented citizenship verification process shows a shocking disregard for the integrity of our elections. With this decision, DOJ has now barred Georgia from continuing the citizenship verification program that DOJ lawyers helped to craft. DOJ’s decision also nullifies the orders of two federal courts directing Georgia to implement the procedure for the 2008 general election. The decision comes seven months after Georgia requested an expedited review of the preclearance submission.

“DOJ has thrown open the door for activist organizations such as ACORN to register non-citizens to vote in Georgia’s elections, and the state has no ability to verify an applicant’s citizenship status or whether the individual even exists. DOJ completely disregarded Georgia’s obvious and direct interest in preventing non-citizens from voting, instead siding with the ACLU and MALDEF. Clearly, politics took priority over common sense and good public policy. …”

http://michellemalkin.com/2009/06/02/holder-undermines-georgias-voter-verification-rules-acorn-cheers/

 

“ACORN is a criminal enterprise”

By Michelle Malkin  

“ACORN is a criminal enterprise.”

“…These are the five simple words that every conservative candidate and officeholder should be repeating often and loudly.

It’s about the fraud. It’s about the coordinated corruption. It’s about the effect on housing, the economy, and the entire electoral landscape.

Does the GOP get it yet? At least one Republican candidate does.

Kris Kobach, the former Bush administration national security/immigration enforcement official and constitutional lawyer, announced that he will run for Kansas Secretary of State last week. His prime motivation: stopping the ACORN racket: …”

http://michellemalkin.com/2009/06/01/acorn-is-a-criminal-enterprise/

 

Organized Crime

“… Organized crime or criminal organizations comprise groups or operations run by criminals, most commonly for the purpose of generating a monetary profit. The Organized Crime Control Act (U.S., 1970) defines organized crime as “The unlawful activities of […] a highly organized, disciplined association […]”.

Mafia is a term used to describe a number of criminal organizations around world. The first organization to bear the label was the Sicilian Mafia, known to its members as Cosa Nostra. In the United States, “the Mafia” generally refers to the Italian-American Mafia. Other organizations described as mafias include the Russian Mafia, the Chinese Triads, the Albanian Mafia, the Japanese Yakuza, the Neapolitan Camorra, the Mexican Mafia , and the French “Milieu”.

Some criminal organizations, such as terrorist organizations, are politically motivated (see VNSA). Gangs sometimes become “disciplined” enough to be considered “organized”. An organized gang or criminal set can also be referred to as a mob. The act of engaging in criminal activity as a structured group is referred to in the United States as racketeering. In the U.S., organized crime is often prosecuted federally under the Racketeer Influenced and Corrupt Organizations (RICO) Act.

http://en.wikipedia.org/wiki/Criminal_organization

 

National Crime Syndicate

“…The National Crime Syndicate was the name given by the press to a loosely-organized multi-ethnic organized crime syndicate, started in the 1930s, by Charlie “Lucky” Luciano, Meyer Lansky and other ethnic crime bosses based in New York City and New Jersey.

As revealed by the findings of U.S. Senate Special Committee in the 1950s chaired by Estes Kefauver, it was described as a confederation of mainly Italian and Jewish organized crime groups throughout the U.S.

According to some writers on organized crime, the Syndicate was founded or established at a May 1929 conference in Atlantic City, attended by leading underworld figures throughout the country, including Al Capone, Meyer Lansky, Johnny “The Fox” Torrio, Frank Costello, Joe Adonis, Dutch Schultz, Abner “Longy” Zwillman, Louis “Lepke” Buchalter, Vince Mangano, gambler Frank Erickson, Frank Scalice and Albert “Mad Hatter” Anastasia.[1] Others describe the Atlantic City meeting as a coordination and strategy conference for bootleggers.[2]

The supposed enforcement arm of the Syndicate was what the media dubbed Murder, Inc., a gang of Brooklyn thugs who carried out murders in the 1930s and 1940s for various crime bosses. It was headed by Jacob “Gurrah” Shapiro and Anastasia, who reported to commission members Lepke and Adonis. It included many infamous mobsters such as Bugsy Siegel, the man who would later “build” Las Vegas.

In his 1991 biography of Meyer Lansky, Little Man, journalist Robert Lacey argues that no National Crime Syndicate ever existed. “[J. Edgar] Hoover’s personal position, that the Mafia did not exist, has proven to be as erroneous as the Kefauver’s Committee’s belief in a national conspiracy.”[3]

…”

http://en.wikipedia.org/wiki/National_Crime_Syndicate

 

Chicago Outfit

“…The Chicago Outfit, shortened to “The Outfit” is a crime syndicate based in Chicago, Illinois, USA. Dating back to the 1910s, it is part of the United States phenomenon known as the Mafia; however, the Chicago Outfit is distinct from the “Five Families” of New York City, though all Italian-American crime families are ruled by The Commission.

The Outfit is the only criminal organization that has a monopoly on traditional organized crime in the city of Chicago, whereas the Five Families compete with each other for control of racketeering activities in New York. The Outfit’s control reportedly reaches throughout the western United States to places as far away as Los Angeles, California and parts of Florida. The Chicago Outfit is also known to have large control over neighboring states including Iowa, Wisconsin and other areas of the midwest

Unlike the “Five Families,” the Outfit has had other ethnic groups besides Italian Americans in its upper echelons since its earliest days. A prime example of this was the Jake Guzik (“Greasy Thumb”) who was the top “bagman” and “accountant” for decades until his death. He was Jewish and either Polish or Russian depending on the source. Another mobster was Japanese-American Ken Eto. To this day, the Outfit bears the influence of its best-known leader, Al Capone. In fact for decades after Capone had left the scene, the Outfit was known as “the Capone Gang” or “the Capones” to outsiders. The Outfit’s membership is moderately estimated to be between 300-400 made members comprising a core group with more than 1000 associates estimated. …”

http://en.wikipedia.org/wiki/Chicago_Outfit

Barack Obama & Organized Crime

“…As a community organizer Obama must have personally witnessed the human suffering inflicted by the mob-tied drug, gambling and prostitution rackets on the South Side, and later as a Chicago politician he must have been keenly aware of the corrosive effect on government resulting from mob influence. Organized crime long has permeated, if not defined, the Windy City, and is the subject of Gus Russo’s 2001 book The Outfit:  The Role of Chicago’s Underworld in the Shaping of Modern America.  Indeed, the political machine which produced Barack Obama historically was a mob front as detailed by Daniel T. Zanoza in his article “Will Obama Bring Daley Machine Roots to D.C.?”  And the so-called Family Secrets trial in 2007 which resulted in the conviction of several top members of the Outfit made it convincingly clear to any doubters that the mob in Chicago remained a viable but destructive force going into the 21st century…”

http://bitterqueen.typepad.com/friends_of_ours/2008/12/barack-obama-organized-crime.html

 

State Investigation of ACORN and Citizens Consulting Inc.

“…To:  Louisiana Attorney Citizens Consulting Inc General James D. Caldwell

WE, the undersigned citizens of the state of the State of Louisiana, do hereby petition and demand the following:

WHEREAS it is known that criminal charges have been filed against employees of the Association of Community Organizations for Reform Now, or more commonly referred to as ACORN, for voter registration fraud in 14 states, including 26 charges of compensation for registration of voters and 13 charges of being a “principal” in the incident in Nevada;

WHEREAS it is also publicly known Wade and Dale Rathke, former members or employees of ACORN, were caught embezzling over a million dollars from the coffers of the ACORN organization and have to date never been criminally charged with doing so;

WHEREAS it is also publicly known that the association called “Citizens Consulting Inc.” is the financial arm of the group ACORN and all organizations and groups that fall under it;

WHEREAS it is publicly known that the association named Citizens Consulting Inc., is located at 1024 Elysian Fields Ave, in the city of New Orleans, in the state of Louisiana;

WHEREAS it is also publicly known that the group ACORN is headquartered at the same address 1024 Elysian Fields Ave, in the city of New Orleans, in the state of Louisiana as the Citizens Consulting Inc;

WHEREAS it is also publicly known that Citizens Consulting Inc. is described as “ACORN’s campaign Consulting entity;”

WHEREAS it is also publicly known that Citizens Consulting Inc. receives all contributions and donations as well as grants and state and federal funds that are directed to the group ACORN, at its offices located at 1024 Elysian Fields Ave, New Orleans, LA;

WHEREAS it is also known that Citizens Consulting Inc. charges an “administration fee” for all contributions and donations, grants, state and federal funds that it receives in the name of ACORN and all groups that fall under the umbrella of ACORN;

WHEREAS it is not publicly known how much of an “administration fee” Citizens Consulting Inc. charges for administering these funds;

WHEREAS Citizens Consulting Inc. has repeatedly refused to give that information to any member of any board of directors of ACORN, to any employee of ACORN, to any member of any group that falls under ACORN’s umbrella, or to any one else inquiring into the amount or percentage that Citizens Consulting Inc. charges for administering these funds;

WHEREAS there is clear and convincing evidence supporting allegations of embezzlement and voter registration fraud against the group ACORN as well as of the Citizens Consulting Inc.’s refusal to provide information regarding it’s administration fees, it’s refusal to provide an audit of its financial books, and in general stonewalling any questions or inquiries into how it spends the contributions, donations, and the state and federal funds that it receives on behalf of the group ACORN, the citizens of the state of Louisiana hereby demand the following: …”

http://www.petitiononline.com/ACORNCC/petition.html

 

Citizen Consulting Inc.

“…Contact Information about Citizens Consulting Inc

Address: 1024 Elysian Fields Ave
New Orleans, LA,
70117-8402
Phone: 504-943-5954
Website: www.citizenscons… 

http://www.macraesbluebook.com/search/company.cfm?company=687961

 http://www.citizensconsulting.org/

Lou Dobbs – ACORN Fraud & Obama Ties

Lou Dobbs – ACORN Fraud & Obama Ties

 

Mafia-style President Pays Back His SEIU Muscle, Puts the Screws to Calif

“…Obama paid out at least $2,250,000 to the SEIU, the Service Employees International Union – the nation’s largest labor union. And SEIU COPE-PAC spent $13,355,389.00 on behalf of Barack Hussein.

Payback time for voter fraud and illegal campaign activity.

Between the SEIU and ACORN, the Chicago gangland style politician muscle for money and protection racket is all locked up. And now he is going nationwide with it.

More illegal harassment and intimidation – more blackmail from the thug-in-chief. …”

http://atlasshrugs2000.typepad.com/atlas_shrugs/obamas-mafia-presidency/

 

Unplugged: The SEIU chief on the labor movement and the card check

He’s signaling a truce with Culinary but has harsh words for its parent, Unite Here

“…In Andy Stern’s world view, bigger is better.

And better still if the center of that world is his 2-million-member Service Employees International Union.

To hear him tell it, two of the nation’s most progressive unions would not now be at war had they only listened to his advice five years ago. Back then, as Unite, the garment and apparel workers union, and Here, the hotel and casino workers union, considered merging, Stern suggested an alternative: join SEIU, which was surging forward as the country’s largest and fastest-growing union. …”

“…We have an affiliation agreement that is crystal clear. Workers United wasn’t going to let us anywhere near their Amalgamated Bank and we didn’t want to be near that bank. This is an asset that’s been in Unite’s control for 50, 60 years. Workers United’s assets are not SEIU’s assets. They brought it to the relationship and it’s theirs.

As for SEIU, every four years, two things happen: our union’s convention and our country’s presidential election. For four years we save our money and then on the fourth year we spend it all. If we were trying to be a bank and not an advocate for our members’ interests, our members would be really disappointed. We are not a savings institution.

We spent a fortune to elect Barack Obama — $60.7 million to be exact — and we’re proud of it. …”

http://www.lasvegassun.com/news/2009/may/10/stern-unplugged-seiu-chief-labor-movement-and-card/

George Soros and Acorn in the 2008 Elections

 

Intro to SEIU from Andy Stern

 

Andy Stern talks health care with Obama

 

Obama speaks to SEIU (9/17/2007) Part 1 of 5

 

Obama speaks to SEIU (9/17/2007) Part 2 of 5

 

Obama speaks to SEIU (9/17/2007) Part 3 of 5

 

Obama speaks to SEIU (9/17/2007) Part 4 of 5

 

Obama speaks to SEIU (9/17/2007) Part 5 of 5

More Perspective – TARP Nominee – Bloomberg

 

Organized crime penetrates the movie industry in the 1930s

 

Organized crime in Los Angeles in 1930s

 

Related Posts On Pronk Palisades

Hype: The Obama Effect–Videos

The 12 Trillion–$12,000,000,000,000 Crime of The Century: The Decline and Fall of United States of America By Radical Socialist Spending–Look Before You Leap!

The Financial Crime of The Century: William K. Black On Massive Mortgage Fraud –Videos

ACORN Or Association of Community Organizations for Reform Now–Good Intentioned People Lead By Criminal Organizers–Demand A Special Prosecutor To Investigate!–Videos

Voters Beware: The Radical Rules of Saul Alinsky and Leftist Democrats

ACORN–Association of Community Organizations for Reform Now–Obama’s Red Shirts

Obama–ACORN–CRA–Congress–Democratic Party–Fannie Mae–Barrack Obama’s Kansas Values–Killing Babies in Cold Blood?

Big Bad Bureaucratic Bust: Government Intervention in Housing Caused Financial Crisis and Economic Recession–Progressive Government Failure!

US Federal Government Fails Stress Test–Insolvent: Time Has Arrived For Downsizing–Departments and Subsidies To Be Eliminated!

The Mother of All Bailouts–2 to 3 Trillion Dollars–$2,000,000,000–$3,000,000,000!–Rewarding Greed, Arrogance and Stupidity–Pay for Play!

Bailed Out Bank Trillion Dollar Derivative Exposure

Federal Government Extortion Of Sound Banks–You Decide?–Take This TARP and Shove It!

Obama Fully Supports Ending Secret Ballot For All Employees–Are Voters Next?–Employee Free Choice Act a.k.a. Card Check is Ballot Check Next?

President Obama’s Cloward-Piven Strategy of Controlled Crisis Creation Crippling Capitalism–Coup D-Etat On America

President Obama–Killer of The American Dream and Market Capitalism–Stop The Radical Socialists Before They Kill You!

Schiff, Forbers and Bloomberg Nail The Financial Crisis and Recession–Mistakes Were Made–Greed, Arrogance, Stupidity–Three Chinese Curses!

Amity Shlaes–Videos

Thomas E. Woods, Jr.–Videos

The Monetarization of The Debt and Quantitative Easing: The Federal Reserve is printing $1,000,000,000,000!–Run-Away Inflation Coming Soon!

Bailed Out Bank Trillion Dollar Derivative Exposure

Banking–Videos

Creature from Jekyll Island: The Federal Reserve System–Videos

The Monopoly Men: The Federal Reserve Bank Cartel–Videos

L. William Seidman on The Economic Crisis: Causes and Cures–Videos 

White House Memo: Carbon Dioxide Is Not A Pollutant and A Cap And Trade Program (Carbon Dioxide Tax) Serious Economic Impact –The Smoking Gun Video!

Gore Grilled & Gingrich Gouged–American People Oppose Massive Carbon Cap and Trade Tax Increase–Videos

Save Your Job and Life–Abolish The Environmental Protection Agency!

MAJOR REDUCTIONS IN CARBON EMISSIONS ARE NOT WORTH THE MONEY DEBATE–Videos

General Electric’s Jeff Immelt Either Unplugs Maddow & Olbermann on MSNBC or Gets Unplugged For Supporting Serial Baby Mass Murderer!

Barrack Obama’s Kansas Values–Killing Babies in Cold Blood?

Eugenics, Planned Parenthood, Population Control, and Designer Babies–Videos

Cap and Trade Carbon Dioxide Tax: Gore’s and Obama’s Revenge on The American People–Let Them Freeze and Sweat!

Barack Obama’s Socialist Green Commissar Carol Browner

ANWR: Pristine–Pristine–Pristine–Desolute–Desolute–Desolute–Drill–Drill–Drill– McCain/Romney: Drill Here. Drill Now. Pay Less!

Al Gore 2.0 and The Coming Renewable Energy Ice Age–The Big Chill

National Center for Policy Analysis–A Global Warming Primer

Global Warming is The Greatest Hoax, Scam and Disinformation Campaign in History

Global Warming Videos

Global Warming Books

Global Warming Sites

Al Gore: Agent of Influence or Useful Idiot of Disinformation

Al Gore: Agent of Influence and Planetary Propeller Head!

Al Gore’s Little White Lie: Man-Made Global Warming Causing Polar Bears To Drown

Al Gore’s Big Whopper–Sea Levels Rise By 2100: Gore 20 Feet vs IPCC 2 Feet?

Clinton’s Cap and Trade Tax on The American People for Consuming Electricity and Driving Cars, SUVs and Trucks!

Facing Fundamental Facts

Let Them Eat Cake Act: American Elites Killing and Starving The American People

The Heidelberg Appeal: Beware of False Gods and Prophets

A New Political Party In The United States? American Citizens Alliance Party–ACAP On Government Spending, Taxes, Debt, and Regulations!

Read Full Post | Make a Comment ( 30 so far )

AIG–Follow The Money Trail–Bailing Out Business Buddies–Corrupt Crony Radical Socialism

Posted on March 25, 2009. Filed under: Blogroll, Economics, Employment, Investments, Law, Links, Politics, Quotations, Rants, Raves, Regulations, Taxes, Video | Tags: , , , , , , , , , , , , , , |

 AIG Bonuses

A Big Distraction From Political Money Laudering and The Federal Reserve Monetarization of Debt!

 political_corruption

  

money-laundering

Glenn Beck – Congress Abusing their Authority & Showing Favortism to Fannie Mae

 

Kudlow: Geithner Gone After AIG Bonusgate? — 3.17.09

 

  

Levin on Obama’s AIG Campaign Donations 3-19-09

 

Levin on Barney Frank

 

Mark Levin On AIG Bonuses And Liberal Hypocrisy Part 1 Of 4

 

Mark Levin On AIG Bonuses And Liberal Hypocrisy Part 2 Of 4

 

Mark Levin On AIG Bonuses And Liberal Hypocrisy Part 3 Of 4

 

Mark Levin On AIG Bonuses And Liberal Hypocrisy Part 4 Of 4

 

The Democratic Party and President Obama are bailing out their major campaign contributors on Wall Street and Main Street including the executives of Goldman Sachs, Citigroup, JP Morgan Chase, Bank of America, Wachovia and AIG just to name a few.

Top Contributors

“…This table lists the top donors to this candidate (Obama) in the 2008 election cycle. The organizations themselves did not donate , rather the money came from the organization’s PAC, its individual members or employees or owners, and those individuals’ immediate families. Organization totals include subsidiaries and affiliates.

University of California $1,385,675

Goldman Sachs $980,945

Microsoft Corp $806,299

Harvard University $793,460

Google Inc $790,564

 Citigroup Inc $657,268

 JPMorgan Chase & Co $650,758

Stanford University $580,904

Sidley Austin LLP $574,938

Time Warner $547,951

National Amusements Inc $541,251

 WilmerHale $524,292

 UBS AG $522,019

IBM Corp $518,557

Skadden, Arps et al $510,274

Columbia University $503,566

 Morgan Stanley $490,873

US Government $479,956

General Electric $479,454

Latham & Watkins $467,311 …”

 http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638

Matching the companies that have received Troubled Asset Relief Program or TARP money with the executives of the companies that contributed to both the Obama and Democratic Party and the amounts results in many matches. Instead of forcing failing companies or banks to go into bankruptcy, liquidation or be bought  by a successful company, the political class is bailing out their financial friends–corrupt crony capitalism–no–corrupt radical socialism.

The good banks are telling the Federal Government take your money back and leave us alone.

Many banks were forced to take the TARP money even thought they did not need nor want the money!

 

TCF Bank Gives Back TARP Money

   

The politicians are hypocrites and corrupt to the core.

Hang the politicians high for all to see!

Forget about the bonuses, focus on who AIG in turn sent to the bailout money to meet AIG’s contracts with them and the amounts:

  • Goldman Sachs:                                         $   12,900,000,000 or $12.9 billion
  • Merril Lynch:                                             $    6,800,000,000 or $6.8 billion
  • Bank of America:                                        $    5,200,000,000 or $5,2 billion
  • Citi Group:                                                $    2,300,000,000 or $2.3 billion
  •  Wachovia                                                $    1,500,000,000 or $ 1.5 billion
  • Société Générale of France            nearly  $   12,000,000,000 or $12 billion
  • Deutsche Bank of Germany            nearly  $   12,000,000,000 or $12 billion
  • Barclays of Britain                                   $     8,500,000,000 or $8.5 billion
  • UBS of Switzerland                                  $     5,000,000,000 or $5 billion

Glenn Beck exposes huge ACORN cover-up – the leftists are distracting you, folks…

youtube=http://www.youtube.com/watch?v=UfRkhD85BBI&hl=en&fs=1]

 

Obama’s Marxist Magic Mess–Big Bad Bonuses–Radical Socialist Sleight of Hand

Then focus on the what the political elites really do not want you to understand and care about: 

The Monetarization of The Debt and Quantitative Easing: The Federal Reserve is printing $1,000,000,000,000!–Run-Away Inflation Coming Soon!

The Federal Reserve by significantly increasing the money supply runs the real risk of causing a significant increase in the general price level or inflation–a tax increase–that reduces the purchasing power of your money holdings.

LOL

 

Obama: It took us a couple of days because I like to know what I’m talking about before I speak

The Puppet President Pinocchio’s  nose and ears just grew another inch:

 

Barack Obama America’s Puppet President Pinocchio –The Transparent Lies–Ears and Nose Are Growing?

 

Background Articles and Videos

 

Follow the Bailout Cash

By Michael Isikoff and Dina Fine Maron  

“…While a few big firms, such as Wells Fargo and JP Morgan Chase, have curtailed their campaign giving, others are quietly doling out cash to select members of Congress, particularly those who serve on committees that oversee TARP. In recent filings with the Federal Election Commission, the political action committee for Bank of America (which got $15 billion in bailout money) sent out $24,500 in the first two months of 2009, including $1,500 to House Majority Leader Steny Hoyer and another $15,000 to members of the House and Senate banking panels. Citigroup ($25 billion) dished out $29,620, including $2,500 to House GOPWhip Eric Cantor, who also got $10,000 from UBS which, while not a TARP recipient, got $5 billion in bailout funds as an AIG “counterparty.” “This certainly appears to be a case of TARP funds being recycled into campaign contributions,” says Brett Kappell, a D.C. lawyer who tracks donations. (A spokesman for Cantor did not respond to requests for comment. A spokeswoman for Hoyer said it’s his “policy to accept legal contributions.”) …”

http://www.newsweek.com/id/190363  

 

Critics Got Donations From Insurer

Obama and Dodd Raised Money From the Firm for Presidential Campaigns

“…When Mr. Dodd was raising funds from AIG, his donor list included some executives from the company’s financial-products division that created the instruments that brought billions of dollars in losses to the company and led to its collapse.

A few weeks before Mr. Dodd formally announced that he was running for the Democratic nomination, 33 employees of AIG’s financial-products division each contributed $2,100 to his presidential account, or $69,300 total, according to Federal Election Commission records.

In March 2007, Mr. Dodd’s campaign paid $250 to the financial-products unit in Wilton, Conn., for a “room rental fee.” Such itemizations typically are associated with fund-raising events.

AIG has run one of the largest political-influence operations in Washington in the past decade. The company has spent $72.6 million to lobby Congress and the administration since 1998, making it one of the top lobbying spenders among corporations, according to public records.

In October, after it received government funding to stay afloat, AIG said it would stop lobbying Congress and the Obama administration. Campaign donations dried up at the same time.

AIG has made $9.3 million in donations since 1989, placing it among the top 100 sources of campaign donations during that period, according to the Center for Responsive Politics. In addition, FEC records show that the company has hosted dozens of fund-raising events for lawmakers. …”

http://online.wsj.com/article/SB123742426774379307.html

 

Did Campaign Cash Influence Bailout? Banks Get 258,000 Percent Return from Investments in D.C. Pols.

“…His anger seems real enough. But the stench of hypocrisy reeks up the room every time he forgets to mention the hundreds of thousands of dollars he received in 2008 as campaign donations from these same banks, their management and employees—currently now under receivership of the U.S. taxpayer.

But Sen. Dodd is not alone. He and the biggest names in American politics, including President Barack Obama, are quickly becoming poster children for “moral hazard” and pay-to-play politics. Slap-dash legislation with little or no oversight, by the Bush Administration, rubber-stamped by top Democratic politicians, seems to have made problems worse, not better. Banks are hoarding bailout money, and its not getting down to consumers.

Dodd’s Senate committee—arguably one of the most powerful–created and oversees the Troubled Asset Relief Program (TARP)—the $700 billion dollar bailout of financial institutions—caught up in the sub-mortgage meltdown.

From all indications and reports, TARP has been universally acclaimed a failure-in-progress and bad news reports have angered large cross sections of America. Dodd and his committee seem powerless to reign in the titans of American finance and industry—despite widespread capital infusions from Congress. Unemployment is moving towards double digits and banks haven’t begun to unfreeze consumer credit, although a moratorium on mortgage foreclosures was set in place.

But the Senior Senator from Connecticut who said he personally turned a four-page draft into 80-plus pages of legislation that was passed, has crossed an ethical line. While he was crafting legislation to rescue his friends, Dodd “received $854,200 from the T.A.R.P. companies in the 2008 election cycle, including money to his presidential campaign” according to a recent Center for Responsive Politics (CRP) report. …”

 

“…According to the C.R.P. report, Sen. Chris Dodd received $854,200 from various financial groups, including $570,294 from commercial banks in the 07-08’ election cycle.

-Speaker of House Nancy Pelosi received a paltry $15,600 from JPMorgan/Chase, $11,000 from both Citigroup and Goldman Sachs.

-Sen. Majority Leader Harry Reid received $71,500 in from JPMorgan/Chase and $47,350 from Citigroup.

-Alabama Sen. Dick Shelby who sits on the Senate Banking Committee got $91,200 from his top contributor; Citigroup, and $66,500 from JP Morgan/Chase.

-Senior Illinois Sen. Dick Durbin got $46,575 from Citigroup and $19,500 from Goldman Sachs.

-New York Sen. Chuck Schumer raked in $80,800 from Citigroup, $58,000 from Goldman Sachs, $57,000 from Morgan Stanley, $53,750 from Lehman, $50,250 from Merrill Lynch, $47,800 from JP Morgan Chase—raised over $1 million from Securities and Investment firms.

-Sen. Minority Leader Republican John Boehner got $14,300 from Morgan Stanley and $12,000 from Goldman Sachs.

These where the same people—our legislators and leadership who were charged with giving a blank check of $700 billion to companies who were funding their re-election campaigns. Can you spell conflict of interest? By rights lawmakers, including all Presidential campaigns–should return any money received from employees and management of these failed corporations they are legally responsible to regulate. …”

http://www.kctribune.com/article.cfm?articleID=18675

 

AIG Gives $644,000 in ‘Campaign Bonuses’ to U.S. Senators and Representatives According to The O’Leary Report

“…As President Barack Obama and Senator Chris Dodd (D-CT) continue to point fingers over which one of them is to blame for the stimulus bill’s “Dodd Amendment,” which specifically excludes bonuses from caps on executive pay, one thing is clear: both Obama and Dodd profited from AIG campaign “bonuses” and an overwhelming majority of Americans want them to give this money back.
According to a breaking poll conducted by The O’Leary Report and Zogby International, 73 percent of Americans think any members of Congress who received campaign contributions from AIG over the last two years should return the money.
This might go double for President Obama and Senator Dodd, who were by far the largest recipients of AIG campaign cash in the last election cycle. According to the Center for Responsive Politics, Obama received $104,332 from AIG and Dodd raked in $103,900. Obama and Dodd far outpaced the rest of Congress, as the next largest beneficiary received about $45,000 less than each of them. All told, AIG gave a total of $644,218 to federal candidates over the last election cycle. …”

http://www.smartmoney.com/news/pr/?story=PR-20090325-000143-0546

Cronyism

“…Cronyism is partiality to long-standing friends, especially by appointing them to positions of authority, regardless of their qualifications. Hence, cronyism is contrary in practice and principle to meritocracy. Cronyism exists when the appointer and the beneficiary are in social contact; often, the appointer is inadequate to hold his or her own job or position of authority, and for this reason the appointer appoints individuals who will not try to weaken him or her, or express views contrary to those of the appointer. Politically, “cronyism” is derogatorily used. The word “crony” first appeared in 18th century London, believed by many to be derived from the Greek word χρόνιος (chronios), meaning “long-term”, however, crony appears in the 1811 edition of Grose’s Vulgar Tongue with a decidedly non-collegiate definition, placing it firmly in the cant of the underworld.[1] A less likely source is the Irish Language term Comh-Roghna (pron. ko-ronə), which translates to “close pals”, or mutual friends.

Governments are particularly susceptible to accusations of cronyism, as they spend public money. Many democratic governments are encouraged to practice administrative transparency in accounting and contracting, however, there often is no clear delineation of when an appointment to government office is “cronyism”. It is not unusual for a politician to surround him- or herself with highly-qualified subordinates, and to develop social, business, or political friendships leading to the appointment to office of friends, likewise in granting government contracts. In fact, the counsel of such friends is why the officeholder successfully obtained his or her powerful position — therefore, cronyism usually is easier to perceive than to demonstrate and prove.

In the private sector, cronyism exists in organizations, often termed ‘the old boys club’ or ‘the golden circle’, again the boundary between cronyism and ‘networking’ is difficult to delineate.

Moreover, cronyism describes relationships existing among mutual acquaintances private organizations where business, business information, and social interaction are exchanged among influential personnel. This is termed crony capitalism, and is an ethical breach of the principles of the market economy; in advanced societies, crony capitalism is a breach of market regulations, e.g. the Enron fraud is an extreme example of crony capitalism.

Given crony capitalism’s nature, these dishonest business practices are frequently (yet not exclusively) found in societies with ineffective legal systems. Resultantly, there is an impetus upon the legislative branch of a government to ensure enforcement of the legal code capable of addressing and redressing private party manipulation of the economy by the involved businessmen and their government cronies.

The economic and social costs of cronyism are paid by society. In the form of reduced business opportunity for the majority of the population, reduced competition in the market place, inflated consumer goods prices, decreased economic performance, inefficient business investment cycles, reduced motivation in affected organizations, and the diminution of economically productive activity. A practical cost of cronyism is manifest in the bad workmanship of public and private community projects. Cronyism is self-generating, cronyism then begets a culture of cronyism. This can only be apprehended by a comprehensive, effective, and enforced legal code, and empowered government agencies who can effect prosecutions in the courts.

All appointments that are suspected of being cronyism are controversial. The appointed party may choose to either suppress disquiet or ignore it, depending upon the society’s level of freedom of expression and individual personal liberty.

Some instances of cronyism are readily transparent. As to others, it is only in hindsight that the qualifications of the alleged “crony” must be evaluated. …”

http://en.wikipedia.org/wiki/Croneyism 

 

Bundlers

Bundlers are people with friends in high places who, after bumping against personal contribution limits, turn to those friends, associates, and, well, anyone who’s willing to give, and deliver the checks to the candidate in one big “bundle.”

Even though these donors direct more money to the candidates than anyone else, disclosure can be spotty, with Obama and McCain posting bundlers by ranges, indicated in this chart with the “max” and “min” columns, and with the top ranges being simply “$500,000 or more.” Together, 540 elites have directed at least $207,200,000 to McCain, and 561 have gathered at least $63,200,000 for Obama.

Top Industries of Obama Bundlers
Sector Min. Raised # of Bundlers
Lawyers/Law Firms $12,600,000 97
Securities & Investment $8,250,000 61
TV/Movies/Music $3,200,000 20
Business Services $2,400,000 19
Real Estate $2,050,000 20

The “08 Contribs” column indidates the total amount the bundler, their spouse and dependent children have given to all federal candidates, parties and PACs this election cycle.

 

http://www.opensecrets.org/pres08/bundlers.php?id=N00009638

 

Tracking the $700 Billion Bailout

By MATTHEW ERICSON, ELAINE HE and AMY SCHOENFELD

“…Hundreds of banks and a handful of insurers and automakers have applied for funds from the Treasury Department as part of the $700 billion Troubled Asset Relief Program. The Treasury Department has transferred capital to the majority of these companies. …” 

http://projects.nytimes.com/creditcrisis/recipients/table

 

The Center for Responsive Politics

http://www.opensecrets.org/index.php

 

Putting on a great show: Kabuki in the House; Update: 328-93, 90 percent bonus tax passes

By Michelle Malkin  

“…Scroll for updates…

If you haven’t been watching the AIG bonus debate in the House, you really should tune in.

Barney Frank is shrieking. Jumping up and down over parliamentary procedure. Blaming Bush, Bush, Bush, and then attacking GOP for “partisan attacks.”

John Boehner just finished statement: “Are you kidding me? This is joke. Vote no.”

Very effective: Almost all House GOP members have text of Dodd/Treasury/Obama AIG bonus protection clause on paper or in poster board home.

Frank has no response but to blubber.

Hensarling: “What we have here is a legislative cover-up. The Democrats could have prevented this. All of sudden, the [bonus protection] appeared and it has no parents…Here’s a newsflash: No more federal money, AIG, until bonsues are repaid. What happened to the most open, honest Congress in the history of America?” …”

http://michellemalkin.com/2009/03/19/putting-on-a-great-show-kabuki-in-the-house/

 

First, they came for AIG bonuses

By Michelle Malkin

“…The House is set to vote today on the retroactive, confiscatory 90 percent tax on bailout-funded bonuses. Lawmakers say the tax will apply to Fannie/Freddie bonuses. But who knows what the hell will end up in this Chicken Little measure:

The House is scheduled to vote today on a bill that would levy a 90 percent tax on bonuses paid to employees with family incomes above $250,000 at companies that have received at least $5 billion in government bailout money.

“We figured that the local and state governments would take care of the other 10 percent,” said Rep. Charles Rangel of New York, chairman of the tax-writing House Ways and Means Committee.

Rangel said the bill would apply to mortgage giants Fannie Mae and Freddie Mac, among others, while excluding community banks and other smaller companies that have received less bailout money…The top two members of the Senate Finance Committee on Tuesday announced a bill that would impose a 35 percent excise tax on the companies paying the bonuses and a 35 percent excise tax on the employees receiving them. The taxes would apply to all companies receiving government bailout money, but they are clearly geared toward AIG.

The NYPost rightly warns that such politically expedient power grabs are courting catastrophe: …”

http://michellemalkin.com/2009/03/19/first-they-came-for-aig-bonuses/

 

The Senate shows a little sense; confiscatory Republicans show no shame

By Michelle Malkin  

“…Cooler heads have prevailed in the U.S. Senate and in this particular case, it is a good thing.

The Senate took its role as a deliberative body seriously and has buried the demagogic, backside-covering corporate bonus tax bill passed last week by the House. They’ve kicked the can down the road.

The Hill reports:

President Obama and Senate Democrats have buried a bill passed last week by the House that would have heavily taxed executive bonuses at bailed-out firms.

Despite the public outcry over $165 million in bonuses awarded at troubled insurer AIG, Senate Majority Leader Harry Reid (D-Nev.) showed little inclination Monday to bring the explosive issue to the floor this week or next. Instead, Reid is likely to delay action on executive compensation until late April, after the Senate returns from a two-week recess starting April 4…

…Senate Republican Whip Jon Kyl (Ariz.) said there is very little chance the Senate will act this week to recoup bonuses passed out at AIG and other corporations receiving bailout funds.

I still have seen very little questioning of the 85 Grabby Hands House Republicans, led by minority whip Eric Cantor, who went along with this abomination. How can they be trusted not to lose their heads when the next Kabuki outrage comes along? How can they be counted on to resist
the next confiscatory scheme down the road — say, this one? …”

http://michellemalkin.com/2009/03/24/the-senate-shows-a-little-sense-confiscatory-republicans-show-no-shame/

 

Related Posts On Pronk Palisades

Creature from Jekyll Island: The Federal Reserve System–Videos

Obama’s Marxist Magic Mess–Big Bad Bonuses–Radical Socialist Sleight of Hand

One Big Awful Mistake America (OBAMA): Veterans Will Now Lead The Fight To Defeat Radical Socialism!

Ban Bailouts–Stop Inflation Now (SIN)–Stop Socialism of Losses!

Radical Welfare Socialism Assaults Free Enterprise Capitalism–The “Silent” Majority Responds!

Second American Revolution–Tea Party Celebrations–Washington Fair–July 4, 2009–An Open Invitation To The American People

American People’s Plan = 6 Month Tax Holiday + FairTax = Real Hope + Real Change!–Millions To March On Washington D.C. Saturday, July 4, 2009!

Tea Parties Take Off In Texas–Spreading Nationwide–Are You Going To Washington Fair? Millions Celebrate The Second American Revolution–Saturday, July 4, 2009

Operation Family Freedom (OFF): Millions Celebrate Washington Fair, Saturday, July 4, 2009–The Second American Revolution 

President Obama Is Driving The American People Down The Highway to Socialism and Serfdom–Stop The Bus!

The Signed “Stimulus Package” Did Not Include Funding for E-Verify and Border Fence Construction–Less Jobs And Security for American Citizens

Inside the Meltdown: Who Was Withdrawing From Money Market Funds On September 16-18, 2008 and Why?

The Mother of All Bailouts–2 to 3 Trillion Dollars–$2,000,000,000–$3,000,000,000!–Rewarding Greed, Arrogance and Stupidity–Pay for Play!

Pattern Recognition: The Template Is Hitler’s Rise To Power Using National Socialism

Censorship Commissar for AM and Internet Talk Radio–Henry Waxman–The Face of Progressive Liberal Fascism!

President Obama’s–Recovery Accountability and Transparency Board–RAT Board–King Rat’s Chicago Corruption–The Fix is In The Stimulus Bill!

Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Crisis–Stabilize–Stimulate–Strengthen–Simultaneously! 

President Obama’s Sales Pitch–Buy My Government Dependency Package–I Won The Election!–No Sale–The American People Want Their Money Back!

President Barack Obama Peddling The Government Dependency Package (GDP) and Fear Mongering The Raw Deal!

Pelosi’s Porky Pigout Poison Package–Economy Wrecker and Job Destroyer–Have A Blue Christmas 2009! 

BO’s Raw Deal: Obama’s Two Year Recession and Two Year Hyperinflation–Hopeless & Small Change!

Boycott Bailedout Businesses and Banks

Ban Bailouts–Stop Inflation Now (SIN)–Stop Socialism of Losses!

The Sovereign Wealth Fund Threat: Are Chinese Communists Behind Rush In Passing Bailout Bill?

The United States is Broke!–Chapter 11 Bankruptcy Time For GM and Ford Is Now!

Recession–Recession–Recession–Scaring People–Have A Hot Dog!

It Is Official–The U.S. Economy Has Been In A Recession for 11 Months and Continuing!

Barrack Obama’s Kansas Values–Killing Babies in Cold Blood?

Wealth, Income and Job Creation: Let A 1000 Microsofts Bloom

 

 

Read Full Post | Make a Comment ( 2 so far )

Are You POed?–Pelosi Obama–Clueless Crisis Creators Cry Crisis Crisis Crisis–Gloom, Doom and Then Boom Boom Boom–When: After 2010 Elections–How Convenient!

Posted on February 22, 2009. Filed under: Blogroll, Economics, Employment, Investments, Law, Links, People, Politics, Quotations, Rants, Raves, Regulations, Resources, Strategy, Taxes, Video | Tags: , , , , , , , , , , , , , , , , |

pelosei_obama

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

~H.L. Mencken

Nancy Pelosi, Barney Frank, and Democrats are Clueless on Freddie Mac Fannie Mae and the financial credit crisis.

How The Democrats Caused The Financial Crisis: Starring Bill Clinton’s HUD Secretary Andrew Cuomo And Barack Obama; With Special Guest Appearances By Bill Clinton And Jimmy Carter

Encouragement from Obama? None!

President Obama Addresses Economic Crisis

Pres. Obama’s First Press Conference

Obama: This is a “Full-Blown Crisis”

“Show Us Hope, Barack !” : BILL CLINTON | Crisis Economy? | Interview GOOD MORNING AMERICA

Scenario Planning : Thinking The Unthinkable–More Doom, Gloom and Revolution

War Room: 2014 Financial Meltdown – Banks Nationalized – Unemployment 25% – DOW 2,800

War Room: 2014 Financial Meltdown – Banks Nationalized – Unemployment 25% – DOW 2,800 Pt.2

Glenn Beck- Who will lead the New World Order?

Glenn Beck Predicts What the ‘New World Powers’ Might Look Like Following Massive Global Upheaval

ELITE Pushing for WW3 and Accelerating NWO ENDGAME at Warp Speed

War Room: WWIII Glenn Beck and Panel Discuss the scenario that will create, The New World Order

WW News: Glenn Beck Lays Out The ‘Road To World War III’

Peter Schiff on CNBC 18th Feb 2009 1 of 2

Peter Schiff on Kudlow 02-18-09 (2/2)

Jim Rogers: Abolish The IMF & World Bank

Tom Woods on Glenn Beck “Meltdown” 02/09/2009

Rudyard Kipling’s Poem ”If” Read By Federer & Nadal

Typography: IF Rudyard Kipling

If you can keep your head when all about you Are losing theirs and blaming it on you; If you can trust yourself when all men doubt you, But make allowance for their doubting too; . . . If you can meet with Triumph and Disaster And treat those two impostors just the same . . . Yours is the Earth and everything that’s in it.” – “If you can keep your head when all about you Are losing theirs and blaming it on you; If you can trust yourself when all men doubt you, But make allowance for their doubting too; . . . If you can meet with Triumph and Disaster And treat those two impostors just the same . . . Yours is the Earth and everything that’s in it.’);”

~Rudyard Kipling

For the next 6-12 months the Democrats will be blaming the high unemployment rates of between 10% and 12% with over 15-18 million unemployed on the Bush Administration.

Then starting in 2010 the Democratic message will gradually change to one that the so-called stimulus package is working and they will take credit for any good news regarding the economy and the stock market, just in time for the 2010 elections.

The majority of the economic impact of the stimulus bill will be in 2011-2012 when the economy should be growing again, no thanks to the stimulus bill.

Unfortunately by then inflation will be exceeding 10% as the Federal Reserve decreases the money supply and raises interest rates to prevent rising inflation.

In economics and politics timing is everything and  lags happen.

If the timing is off, this can very easily result in a repeat of the Carter years with stagflation, little growth in the  economy, high unemployment  and  inflation rates.

The 2012 election will be a repeat of 1980.

Who will be the Ronald Reagan of 2o12–Former Speaker of the House–Newt Gingrich.

His running mate–Mitt Romney or Sarah Palin.

What concerns me and many others is that the so-called stimulus package was designed for political impact during the six to twelve months before the election of 2010 and not for immediate economic impact in the next six to twelve months.

President Obama and the Democratic Party are intentionally trying to scare people instead of doing something that would improve the economic situation.

The result will be millions and million of unemployed Americans with rising inflation rates two years out. This will hurt the poor and those on fixed income.

Should the misery index, the sum of  the unemployment rate and the inflation rate, rise above 15% both the Democrats and Obama will lose  in the 2010 and 2012 elections.

Misery index – era by U.S president

Index = Unemployment rate + Inflation rate
Rank President Time Period Index Average Low High
5 Harry Truman 1948–1952 7.87 Dec 1952 = 3.45 Jan 1948 = 13.63
1 Dwight D. Eisenhower 1953–1960 6.26 Jul 1953 = 2.97 Apr 1958 = 10.98
3 John F. Kennedy 1961–1962 7.27 Jul 1962 = 6.40 Jul 1961 = 8.38
2 Lyndon B. Johnson 1963–1968 6.78 Nov 1965 = 5.70 Jul 1968 = 8.19
7 Richard Nixon 1969–1973 9.98 Jan 1968 = 7.80 Dec 1973 = 13.61
10 Gerald Ford 1974–1976 15.93 Dec 1976 = 12.66 Jan 1975 = 19.90
11 Jimmy Carter 1977–1980 16.27 Apr 1978 = 12.60 Jun 1980 = 21.98
9 Ronald Reagan 1981–1988 12.19 Dec 1986 = 7.70 Sep 1981 = 19.33
8 George H. W. Bush 1989–1992 10.68 Sep 1989 = 9.64 Nov 1990 = 12.47
4 Bill Clinton 1993–2000 7.80 Apr 1998 = 5.74 Jan 1993 = 10.56
6 George W. Bush 2001 – 2008 8.10 Oct 2006 = 5.71 Aug 2008 = 11.47

The American people will rightfully feel betrayed by the political class or elites of both parties.

Ignore  the  crisis creators with their cries of crisis, they may know what they are doing politically, but economically they are destroying  jobs and wealth for the next two years.

For that they justily deserve to pay a very high price; they should be voted out of office.

What is very disturbing is President Obama is out and out lying about the economic situation and the so-called stimulus package and he knows it.

The President is being called out on his lies, but he does not give a damn and just repeats the lies.

Barack Obama America’s Puppet President Pinocchio –The Transparent Lies–Ears and Nose Are Growing?

The American elites of both politically parties could care less that million of americans are unemployed and losing their homes.

If they truly cared they would shut down the open borders, deport all illegal aliens, cut tax rates now,  cut government spending, and pass the Fair Tax just for starters.

Neither political party has the will, courage or wisdom to do the above.

The public interest be damned.

Both are playing politics as usual.

The choice in 2010 and 2012 will be one of the lesser of two evils, welfare socialism or national socialism, not much difference between the two.

When was the last time Federal spending was actually cut and Departments eliminated?

Instead each day we hear of a new “commissar” or “czar” for energy, cars, etc.

Who is to blame?

Look in the mirror.

Then join the second American Revolution.

March on Washington on Saturday, July 4, 2009:

American People’s Plan = 6 Month Tax Holiday + FairTax = Real Hope + Real Change!–Millions To March On Washington D.C. Saturday, July 4, 2009!

Tea Parties Take Off In Texas–Spreading Nationwide–Are You Going To Washington Fair? Millions Celebrate The Second American Revolution–Saturday, July 4, 2009

Baby Boomers and Politicians

Buffalo Springfield – For What It’s Worth (Monterey 1967)

Background Articles and Videos

Scenario Planning
“Scenario planning [or scenario thinking or scenario analysis] is a strategic planning method that some organizations use to make flexible long-term plans. It is in large part an adaptation and generalization of classic methods used by military intelligence.

The original method was that a group of analysts would generate simulation games for policy makers. The games combine known facts about the future, such as demographics, geography, military, political, industrial information, and mineral reserves, with plausible alternative social, technical, economic, environmental, educational, political and aesthetic (STEEEPA) trends which are key driving forces.

In business applications, the emphasis on gaming the behavior of opponents was reduced (shifting more toward a game against nature). At Royal Dutch/Shell for example, scenario planning was viewed as changing mindsets about the exogenous part of the world, prior to formulating specific strategies.

Scenario planning shines especially if it includes systems thinking, which recognizes that many factors may combine in complex ways to create sometime surprising futures (due to non-linear feedback loops). The method also allows the inclusion of factors that are difficult to formalize, such as novel insights about the future, deep shifts in values, unprecedented regulations or inventions. Systems thinking used in conjunction with scenario planning leads to plausible scenario story lines because the causal relationship between factors can be demonstrated. In these cases when scenario planning is integrated with a systems thinking approach to scenario development, it is sometimes referred to as structural dynamics. …”

http://en.wikipedia.org/wiki/Scenario_planning

US Unemployment Rates 1950-2005

US Unemployment Rates 1950-2005

Employment Situation Summary

Technical information:
  Household data:    (202) 691-6378    USDL 09-0117
            http://www.bls.gov/cps/

  Establishment data:(202) 691-6555    Transmission of material in this release
            http://www.bls.gov/ces/    is embargoed until 8:30 A.M. (EST),
  Media contact:     (202) 691-5902    Friday, February 6, 2009.

                  THE EMPLOYMENT SITUATION:  JANUARY 2009

   Nonfarm payroll employment fell sharply in January (-598,000) and the unem-
ployment rate rose from 7.2 to 7.6 percent, the Bureau of Labor Statistics of
the U.S. Department of Labor reported today.  Payroll employment has declined
by 3.6 million since the start of the recession in December 2007; about one-
half of this decline occurred in the past 3 months.  In January, job losses
were large and widespread across nearly all major industry sectors.

Unemployment (Household Survey Data)

   Both the number of unemployed persons (11.6 million) and the unemployment
rate (7.6 percent) rose in January.  Over the past 12 months, the number of un-
employed persons has increased by 4.1 million and the unemployment rate has
risen by 2.7 percentage points.  (See table A-1.)

   The unemployment rate continued to trend upward in January for adult men
(7.6 percent), adult women (6.2 percent), whites (6.9 percent), blacks (12.6
percent), and Hispanics (9.7 percent).  The jobless rate for teenagers was un-
changed at 20.8 percent.  The unemployment rate for Asians was 6.2 percent in
January, not seasonally adjusted.  (See tables A-1, A-2, and A-3.)

   Among the unemployed, the number of job losers and persons who completed
temporary jobs increased to 7.0 million in January.  This measure has grown
by 3.2 million during the last 12 months.  (See table A-8.)

   The number of long-term unemployed (those jobless for 27 weeks or more)
was little changed at 2.6 million in January.  Over the past 12 months, the
number of long-term unemployed was up by 1.3 million.  The number of persons
unemployed less than 5 weeks rose to 3.7 million in January.  (See table A-9.)

Total Employment and the Labor Force (Household Survey Data)

   The civilian labor force participation rate, at 65.5 percent in January, has
edged down in recent months.  The employment-population ratio declined by 0.5
percentage point to 60.5 percent over the month, and by 2.4 percentage points
over the year.  (See table A-1.)

   The number of persons who worked part time for economic reasons (sometimes
referred to as involuntary part-time workers) was essentially unchanged in
January at 7.8 million; however, this measure was up by 3.1 million over the
past 12 months.  Included in this category are persons who would like to work
full time but were working part time because their hours had been cut back or
because they were unable to find full-time jobs.  (See table A-5.)
http://www.bls.gov/news.release/empsit.nr0.htm

Misery Index

“…The misery index is an economic indicator, created by economist Arthur Okun, and found by adding the unemployment rate to the inflation rate. It is assumed that both a higher rate of unemployment and a worsening of inflation create economic and social costs for a country.[1] It is often incorrectly attributed to Chicago economist Robert Barro in the 1970s, due to the Barro Misery Index that additionally includes GDP and the bank rate.[2]

During the Presidential campaign of 1976, Democratic candidate Jimmy Carter made frequent references to the Misery Index, which by the summer of 1976 was at 13.57%. Carter stated that no man responsible for giving a country a misery index that high had a right to even ask to be President. Carter won the 1976 election. However, by 1980, when President Carter was running for re-election against Ronald Reagan, the Misery Index had reached an all-time high of 21.98%. Carter lost the election to Reagan.

http://en.wikipedia.org/wiki/Misery_index_(economics)

Tea Party U.S.A.: The movement grows

By Michelle Malkin

“…Seattle on Monday. Denver on Tuesday. Mesa AZ on Wednesday. Overland Park, Kansas today. What a week, huh? We got the anti-stimulus, anti-entitlement protest ball rolling — and now the movement, spurred further by CNBC host Rick Santelli’s call for a “Chicago Tea Party,” is really taking off.

David Hogberg at Investor’s Business Daily has a nice piece out today spotlighting the growing taxpayer revolt the rest of the MSM won’t cover. He interviewed our registered commenters Liberty Belle Keli Carender, who spearheaded the Seattle anti-pork protest, and HuskerGirl Amanda Grosserode, who organized today’s anti-stimulus demonstration against Democrat Rep. Dennis Moore in Overland Park, KS.

I’m happy to report on several new protest events now on the docket. …”

http://michellemalkin.com/2009/02/21/tea-party-usa-the-movement-grows/

Rudyard Kipling

If

If you can keep your head when all about you
Are losing theirs and blaming it on you;
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or, being lied about, don’t deal in lies,
Or, being hated, don’t give way to hating,
And yet don’t look too good, nor talk too wise;

If you can dream – and not make dreams your master;
If you can think – and not make thoughts your aim;
If you can meet with triumph and disaster
And treat those two imposters just the same;
If you can bear to hear the truth you’ve spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to broken,
And stoop and build ’em up with wornout tools;

If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breath a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: “Hold on”;

If you can talk with crowds and keep your virtue,
Or walk with kings – nor lose the common touch;
If neither foes nor loving friends can hurt you;
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds’ worth of distance run –
Yours is the Earth and everything that’s in it,
And – which is more – you’ll be a Man my son!

 Related Post On Pronk Palisades

American People’s Plan = 3 Month Tax Holiday + FairTax = Real Hope + Real Change!–Millions To March On Washington D.C. Wednesday, April 15, 2009!

Wealth, Income and Job Creation: Let A 1000 Microsofts Bloom

The Signed “Stimulus Package” Did Not Include Funding for E-Verify and Border Fence Construction–Less Jobs And Security for American Citizens

Inside the Meltdown: Who Was Withdrawing From Money Market Funds On September 16-18, 2008 and Why?

The Mother of All Bailouts–2 to 3 Trillion Dollars–$2,000,000,000–$3,000,000,000!–Rewarding Greed, Arrogance and Stupidity–Pay for Play!

Pattern Recognition: The Template Is Hitler’s Rise To Power Using National Socialism

Censorship Commissar for AM and Internet Talk Radio–Henry Waxman–The Face of Progressive Liberal Fascism!

President Obama’s–Recovery Accountability and Transparency Board–RAT Board–King Rat’s Chicago Corruption–The Fix is In The Stimulus Bill!

Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Crisis–Stabilize–Stimulate–Strengthen–Simultaneously!

President Obama’s Sales Pitch–Buy My Government Dependency Package–I Won The Election!–No Sale–The American People Want Their Money Back!

President Barack Obama Peddling The Government Dependency Package (GDP) and Fear Mongering The Raw Deal!

Pelosi’s Porky Pigout Poison Package–Economy Wrecker and Job Destroyer–Have A Blue Christmas 2009!

BO’s Raw Deal: Obama’s Two Year Recession and Two Year Hyperinflation–Hopeless & Small Change!

Boycott Bailedout Businesses and Banks

Ban Bailouts–Stop Inflation Now (SIN)–Stop Socialism of Losses!

The Sovereign Wealth Fund Threat: Are Chinese Communists Behind Rush In Passing Bailout Bill?

The United States is Broke!–Chapter 11 Bankruptcy Time For GM and Ford Is Now!

Recession–Recession–Recession–Scaring People–Have A Hot Dog!

It Is Official–The U.S. Economy Has Been In A Recession for 11 Months and Continuing!

Wealth, Income and Job Creation: Let A 1000 Microsofts Bloom

Forget

Read Full Post | Make a Comment ( 2 so far )

Liked it here?
Why not try sites on the blogroll...