Posted on 04/01/2009 4:03:47 PM PDT by Libloather
Bill Haling: Where’s the outrage?
President Obama has been in office just 60 days and we have tripled the nation’s debt. Wow! All those that voted for change certainly got it — along with the rest of the taxpayers.
Everyone knows this depression is Bush’s fault. “Give the stimulus time!” is the response. The Bush depression will take time for the Democrats to rescue this country. How long will it take for our children and grandchildren to pay for the excesses? Any outrage?
The news of AIG paying $165 million in executive bonuses has certainly created a lot of media attention and outrage. We are learning that AIG made political contributions of over $100,000 to both Sen. Dodd and Obama. What a surprise ! Maybe Dodd and Obama should be made to return these contributions.
What about the bonuses being paid by Fannie Mae and Freddie Mac?
Fran and Fred have either received or requested $238 billion bailout from the tax payers. Rep. Barney Frank has said the federal subsidy is a “free lunch.” Apparently Frank does not know — There are no free lunches. Any outrage?
We now learn that Fran and Fred are going to pay their executive vice president and CEO $611,000 in addition to his annual salary of $676,000. This CEO received $260,000 retention bonus last year and is due to receive another $517,000 this year. Any outrage?
These government chartered firms have been very generous in their political contributions and executive benefits. Franklin Raines — former Clintonite — got a $140 million retirement package. Jamie Gorelick was paid $25 million for her contributions to Fannie Mae and Freddie Mac. Any outrage?
What has happened in the mortgage market is not only tragic, but demonstrates what happens due to the lack of regulation and greed.
Why are 92 percent of the legitimate mortgage holders going pay to bail out the other 8 percent subprime mortgages holders?
I know this may offend some readers, but seeing our president fly around the country when we are experiencing a national “catastrophe” reminds me of a cartoon character from my younger days. It was a small elephant that could fly. It had big ears and was very talkative.
I don’t remember its name.
Right up your alley...
O had better stop his mantra of the “inherited” deficit and debt. He makes the free-spending Bush look like a piker.
“I know this may offend some readers, but seeing our president fly around the country when we are experiencing a national “catastrophe” reminds me of a cartoon character from my younger days. It was a small elephant that could fly. It had big ears and was very talkative.
I don’t remember its name.”
****************
Yeh—it bothers me that some still appear to be taking all this cheerfully in their stride; but I am both confident and hopeful that we’ll all be at least as p!$$ed as I am now b4 too much longer—I’m sure dumbo will not disappoint me!
S/F
Dick Gaines
**********
I dare say it's out there and it's building..that said, it's being ignored by the media so it simply isn't seen by the rest of the U.S. or media outside the U.S...the protection scam of "the one" is in full-blown mode right now..it's going to take something really big for the media to cover it, but the slant will be the "nutcases" are up to no good.. I don't know what the answer is..
For not standing up and pushing back, for not investigating and prosecuting the tax evaders in government positions, for not protecting our nation against hordes of invaders from Mexico and for not doing their duty in their positions they were elected to and that the swore by sacred oath to do, we deserve every bit of this misery.
But there will be payback. I have just enough faith left that I still believe that the “remnant” of Americans will stand fast, not give anymore ground and then advance towards the enemy.
The best way to express this is the way that Brit did in the house of commons last week.
In terms of what every newborn baby is born owing as “his” (or her) slice of the debt. I think the Brit said it was about 20K pounds.
We should know that number for American babies. It puts the sheer immorality of this into stark relief.
Yes, we don't need to convince the 52% that voted for 0bama, but merely the Swing Vote of about 5-10%.
Give it a yr. The delusion is still there with people, but it will change even if it is a little too late, but karma will be worth it.
There’s no way this debt can be underwritten. By the rest of the world combined. This is the greatest theft in American History. The Islamofascist Kenyan and the LEFTIST scum in Congress have just rendered our currency worthless. Toilet paper. Weimar Zimbabwe here we come.
He must not have got the memo.... As of 21 Jan 09, the cost for conservative outrage was set by the Treasury Dept at $20 a rant. On the 22nd of Jan, it was decided by Kongress to tax conservative outrage at 7900% .... but the revenue all goes to NEA.... "for the children"
So, what’s the problem?
Has The Obama Administration Renounced the Patriot Act Yet?
or did I Miss Something?
vanity | 4/1/2009 | indylindy
Posted on 04/01/2009 4:42:13 PM PDT by indylindy
http://www.freerepublic.com/focus/f-chat/2220277/posts
Based on $10 trillion of national debt (old, low number) and 300 million Americans, it works out to $33,333 per person.
In my mind I was thinking of the Old Testament reference to the faithful members of Gods chosen people he didn't kill off so he could repopulate Israel.
just knew someone would point that out....
Sean Hannity mentioned this...something like every person in the US from 18-40yrs old will owe over $60k for the current budget proposal. Additionally, those under 18 will owe, just not as much.
Of course the longer it's not paid back the more it'll cost. The ENORMOUS ELEPHANT in the room is the retirement of the baby boomers IMHO. They're the one's paying the taxes and they won't be paying nearly as much once they start drawing those SS checks.
Young adults today are soooo screwed. Dumb-asses voted him in though...
The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.
New pledges from the Fed, the Treasury Department and the Federal Deposit Insurance Corp. include $1 trillion for the Public-Private Investment Program, designed to help investors buy distressed loans and other assets from U.S. banks. The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation. The nation’s gross domestic product was $14.2 trillion in 2008.
I wish this were an April Fools Joke.
Maybe trials in the future by our younger generations will do what we have failed re stopping the deficit bomb delivered by 0Boz0 and his thugs in congress:
W. R. Grace Ad: Deficit Trials In the Future
http://www.youtube.com/watch?v=TVzStqf2TT0
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