The Fall of America, Inc.

Here is a fun little story we will be telling our grandchildren....

Back in the day America was lead by the dumbest President we ever had...the evil George W. Bush...oh he was a very foolish man. What made him foolish? He believed like many greedy people of his time in a thing called capitalism. You see kids Capitalism was a free market system designed for private ownership, consisting of a large number of various businesses which include manufacturing of raw materials into a finished product, then selling it at an inflated price in order to get evey penny possible from a honest working person (sounds of children gasping....). Oh don't be scared kids..George was so dumb he had been fooled by his treasury secretary Hank Paulsen...(kids chime in...Oh I remember reading about him...he's considered the father of our great society economy)...that's right kids...Hank Paulsen is a true Union of America Socialist Republic hero....He had to fool dumb George into thinking he was an ally..but Hank was..."shhhh not too loud...a democrat."...(sounds of children laughing... tell us more grandpa)....Well Mr. Paulson used his deceit in a good way...and kids that's the only time deceit is appropriate....when it is for the common good and deceit does justify itself if it leads to a proper means. So Mr. Paulson and the democrats in the old congress fooled many in the Republican party (sounds of kids booing....) into thinking they'd just send this money to the FAT CATs on Wall Street (sounds of more booing from children)...who created a disaster by being capitalist. They told their enemies the government would sell the assets back to the Fat Cats on Wall Street when the price recovered..you see, they said, this would benefit everyone....

And lucky for our great nation...the father of our country..the Great Barack Obama knew better...he knew that with the first bailout..would require a second bailout...this time Homeowners who had been taken advantage of with HUGE interest rates (what's an interest rate...a child asks..."well an interest rate was the amount of money a person had to pay a bank back as a price for carrying a balance on a loan...." "Oh my gosh..how horrible Grandpa...people actually had to pay for their home? The great government didn't provide them this very basic necessity? "No dear child...that was the greed and heartlessness of capitalism...." girl starts to weep...) But the Great Barack knew this would move the country more closer to socialism (YAY children cheering...Obama Obama Obama they'd chant and sing)....he knew that the government bailout of the homeowner would require an equitable stake in their home itself...what it meant boys and girls was the government started owning all of these private homes (YAY..children cheered..OBAMA OBAMA...) eventually this killed the capitalistic financial institutions...they had no more money to lend people...people couldn't buy houses anymore (cheering..again)...So the government took over the housing market...and provided homes for everyone...(YAY...that Obama was so smart and loving)....

Oh but the Great Obama didn't stop there....he saw an automobile industry in trouble as well. He tried his bailout to government ownership plan with the auto industry...he bailed them out...once..twice ...and then when people didn't have money for cars anymore either...he took over the automobile industry. He told the people since we needed to cure global warming (kids cheer and laugh...well..I do kinda wish he would have stopped with his cure ..that great Obama was so good he ended summers in Texas...kids laugh...that's okay....though )....so he told people we needed alternative energy cars...(kids..."Oh so THAT'S how the great Obama took the automobile companies away from the greedy private companies?" ) Yes that is right...he needed to infuse capital into the auto markets ...he said they could only use the money to develop battery operated and natural gas vehicles....and since he provided the capital...the people would be the owners of the auto markets. Eventually no one could afford these cars...and this boys and girls is when the Great Obama provided cars as means of compensation for the vocation they provided the government. The Great Obama said if the country could afford a takeover of the financial market and auto market we surely could takeover the health market...and so the Great Obama provided our medicine and health care for us. You see boys and girls there was a day when if you wanted a house or car..or needed doctor for a tummy ache...you needed to pay for it yourself.....("With WHAT grandpa?") with that money you read about ...("Booo....." the children cried...."You mean the money with the picture of all those other dead presidents from the former country? Those other evil capitalists?") Yes boys and girls....(children.."I'm sure glad Obama wasn't like any of those other presidents....when he said change he meant CHANGE!"....laughing and cheering)....

And so THAT'S How America moved from the evils of Capitalism to Socialism boys and girls...and we did it by fooling the dumbest president ever...the evil capitalist George W. Bush....Because of Obama...the true father of this wonderful country..the Union of America Socialist Republic we can thank him for the house you live in..the car you drive...the doctor you are able to go to...and the job you have. You know back under that old country people had to decide for themselves what talents they had and try to find a job they were good at (..."But Grandpa how unfair...what if you couldn't find work...or people didn't like you...? How could anybody believe in a government that thought people could really know what job they were suppose to have? How could anyone know this better than the government?") "Well dear, they were terribly fooled....they let greed and selfishness guide everything they did...they thought they knew what was best for them...you can see how terribly flawed this is child." (child..."Yes Grandpa...but I can't believe they couldn't see through capitalism and how wrong it was....") "They needed the Great Obama to come along and convince them..it wasn't until he was elected and able to enact his great visions that he could show them how fully and truly they could live their lives...and it was because of him the Union of America Socialist Republic was born....(children start singing. "Obama's gonna change the world")

What will the consequences of failing Euro banks do to the EU brand?

It’s wasn’t a $700 Billion bailout bill, it was an $850 billion bailout bill. The media steadfastly clings to the 700 number

Seems all brands are down the tube, I mentioned earlier cargo ship traffic is way down.

Someone replied because AIG went down insurance was hard to come by making ships wait, I don't know.

Anybody else?

Where the money goes - Contributions in JUST THE 2008 CYCLE by Financial/Insurance or Real Estate industries.

Yes, that is 825 million just this year, handed over by the bailed out industry to House and Senate committees.

Culled from http://www.OpenSecrets.org

Barack Hussein Obama was so young that he can not even remember when the jobs began hemorrhaging from America. That is when the fall of America began. Those jobs were given to third world countries by our Presidents (all of them) that were following the UN. This is what has brought us to our knees. Bush was NOT the only President following UN mandates. There is a lot of blame to go around. So any jobs left under President Clinton, and I am old enough to remember. Those jobs never did return.

Notice how they fail to mention who the perpetrators of this crime were.Its all George Bush's fault.

Chris Dodd,Barney Frank,et-al are No where to be found.

There is plenty of evidence that the books of both Freddie Mac and Fannie Mae were cooked for the benefit of the executives and their congressional co-conspirators. The votes to fix the problem were right down party lines with the Democrats supporting the corrupt status quo. I cannot see how this is not a clear violation of the RICO Act.

The Racketeer Influenced and Corrupt Organizations Act (commonly referred to as RICO Act or RICO) is a United States federal law that provides for extended penalties for criminal acts performed as part of an ongoing criminal organization. It also provides a civil cause of action for those injured by violations of the act. RICO was enacted by section 901(a) of the Organized Crime Control Act of 1970 (Pub.L. 91-452, 84 Stat. 922, enacted 1970-10-15). RICO is codified as Chapter 96 of Title 18 of the United States Code, 18 U.S.C. § 1961–1968. It was intended to make it easier to prosecute organized crime figures, but has been applied in several other cases as well.

Under RICO, a person who is a member of an enterprise that has committed any two of 35 crimes—27 federal crimes and 8 state crimes—within a 10-year period can be charged with racketeering. Those found guilty of racketeering can be fined up to $25,000 and/or sentenced to 20 years in prison per racketeering count. In addition, the racketeer must forfeit all ill-gotten gains and interest in any business gained through a pattern of "racketeering activity." RICO also permits a private individual harmed by the actions of such an enterprise to file a civil suit; if successful, the individual can collect treble damages.

When the U.S. Attorney decides to indict someone under RICO, he or she has the option of seeking a pre-trial restraining order or injunction to temporarily seize a defendant's assets and prevent the transfer of potentially forfeitable property, as well as require the defendant to put up a performance bond. This provision was placed in the law because the owners of Mafia-related shell corporations often absconded with the assets. An injunction and/or performance bond ensures that there is something to seize in the event of a guilty verdict.

In many cases, the threat of a RICO indictment can force defendants to plead guilty to lesser charges, in part because the seizure of assets would make it difficult to pay a defense attorney. Despite its harsh provisions, a RICO-related charge is considered easy to prove in court, as it focuses on patterns of behavior as opposed to criminal acts.

There is good news for “We the People”. We do not have to depend on a corrupt federal government for action. There is also a provision for private parties to sue. A "person damaged in his business or property" can sue one or more "racketeers." The plaintiff must prove the existence of a "criminal enterprise." The defendant(s) are not the enterprise; in other words, the defendant(s) and the enterprise are not one and the same. There must be one of four specified relationships between the defendant(s) and the enterprise. A civil RICO action, like many lawsuits based on federal law, can be filed in state or federal court.

Now with the foundations of our economic system under attack we are entrusting those responsible to address the symptoms. The Democrats cry that this is not a time to point fingers all the while they, and their media accomplices place the entire blame on the Bush Administration and the GOP.

I am demanding that the Justice Department begin a full RICO investigation that will not exempt anyone inside or outside of government. I am encouraging those whose businesses were harmed by these culprits file numerous suits against the offending parties. If Raines, Schumer, Dodd, Frank, and the like do not end up penniless and in orange jump suits then we need to seriously reread the words of Thomas Jefferson when he said:

"Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness"

"I believe that banking institutions are more dangerous to our liberties than standing armies."

"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."

"Experience hath shewn, that even under the best forms [of government] those entrusted with power have, in time, and by slow operations, perverted it into tyranny."

"Government big enough to supply everything you need is big enough to take everything you have ... The course of history shows that as a government grows, liberty decreases."

“Single acts of tyranny may be ascribed to the accidental opinion of a day; but a series of oppressions, begun at a distinguished period and pursued unalterably through every change of ministers, too plainly prove a deliberate, systematic plan of reducing [a people] to slavery.”

Isn’t this the same fool who wrote: “The End of History”?
Kinda like the Patent Chief in 1900 who resigned ‘cause “everything had already been invented”.

Ummm...What EU Brand?

Actually the liberal media will say it was the American Brand’s fault....

We are really headed down a serious change in our economic system if we don’t stop this bailout crap.

You are repeating yourself, spamming the same post into every thread on the subject. It is stupid.

Sorry, I missed the post letting us know Jim Robinson died and left you in charge.

Worse, the culprit is the American model itself: under the mantra of less government, Washington failed to adequately regulate the financial sector and allowed it to do tremendous harm to the rest of the society.

This is the same guy who proclaimed the "End of History" after the Soviet Union imploded. Not a word in this article about the Rats' regulatory interference in the housing or mortgage market which is at the root of the current crisis.

Inequality in the United States rose throughout the past decade, because the gains from economic growth went disproportionately to wealthier and better-educated Americans, while the incomes of working-class people stagnated.

The United States has massively imported poverty and inequality. "Stagnation" of the income of "working-class people" is the result of bringing in a population of 25+ million low or no-skilled Mexicans and Central Americans and their massive number of anchor babies. Not only does this add a huge number of people in the low-income category, but they lower the marginal cost of low-skilled labor, depressing wages for low-skilled American citizens.

because of a particular aspect of America that makes our country very different from Europe. There, less-educated, working-class citizens vote reliably for socialist, communist and other left-learning parties, based on their economic interests.

Another myth - that it is in the economic interests of working-class people to vote socialists into power, but they don't do so because of cultural issues appealed to by Republicans. At least it used to be the case that many workers understood that a high-tax socialist state suffocates job creation, but with the success of left-wing ideological indoctrination in the government schools, that appears to be changing.

Barack Obama obviously carries the least baggage from the recent past, and his postpartisan style seeks to move beyond today's political divisions. At heart he seems a pragmatist, not an ideologue. But his consensus-forming skills will be sorely tested

Obama is a "postpartisan" "consensus-former?" Not an "ideologue?" Can there be any assertion more divorced from reality? The most liberal senator in the U.S. Senate? When has he EVER built a consensus with anyone across the aisle. And don't give me that bit about loose nukes legislation with Lugar, which is the only thing he has ever pointed to, that was so uncontroversial it passed on voice vote with over 90 Senators supporting and was so insignificant it was unreported at the time in the NYT or ComPost.

“What will the consequences of failing Euro banks do to the EU brand?”

Nothing in Europe they will just say “socialims is dead” LONG LIVE SOCIALISM!

It’s only the USA inc brand that must come down. Blame Bush and the free market system. So according to the Dems all’s well and according to plan. Told you so, didn’t Marx
foresaw this comming. Aren’t the Dems all proud now they helped the free market system. A new time is comming for National Socialistic hero’s. Hail.

What did we, normal middel class peolpe do, besides watching from the side? Only Sarah can help us now.

It isn’t a $700 Billion bailout bill.
It's an $850 Billion bailout bill.