Skip to comments.Gov't awards $234 million in AmeriCorps expansion
Posted on 06/07/2010 6:55:13 AM PDT by MollyKuehlEdited on 06/07/2010 7:28:23 AM PDT by Admin Moderator. [history]
(Excerpt) Read more at washingtonpost.com ...
How are they supposed to pay for it? Oh yeah. It’s Democrats. They don’t have to...
We all need to call our congressional reps and tell them to keep the FTC and Americorpse out of journalism. See the article at http://www.washingtontimes.com/news/2010/jun/4/ftc-floats-drudge-tax/
Got a mirror?
Isn’t Americorps under investigation for Walpin-gate?
Correct me if I am wrong, but isn’t it against the law to give taxpayer funds to companies under investigation? Or do they have to be convicted of a crime?
REFERENCE---GOVT STIMULUS SCAM--- ABC News reported the WH invented 700 phantom Congressional districts that "received" stimulus grants (read government fraud and money laundering).
Americans are awakening to the fact that govt insiders are mishandling trillions in stimulus------that federal monies are being illegally directed to Democrat campaign coffers, or wire-transferred offshore into personal accounts......or being laundered in the states. Keep in mind, some 85% of Obama's stimulus is still in Washington. Ohaha's hoarding it for imperiled Dems' 2010-12 elections.
Obama "Stimulates" the Economy......by run-away spending
The US Treasury entry must be seen in this context. COS Rahm Emanuel took control of the US Treasury when he crept into our WH. "Professor" Obama knows nothing about high finance----but Rahm toiled on Wall Street before coming into government (Congressman for 4 terms, Clinton henchman and Fannie Mae looter).
Behind The Real Size of the Wall Street Bailout (more like $14 trillion)
Mother Jones | Dec. 21, 2009 / FR Posted January 04, 2010 by E. Pluribus Unum
A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street.
The price tag for the Wall Street bailout is often put at $700 billionthe size of the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside money to bail out financial firms and inject money into the markets. To get a sense of the size of the real $14 trillion bailout, see our chart here. Below, a guide to the pieces of the puzzle:
Treasury Department bailout programs (controlled by Rahm Emanuel)
Money Market Mutual Fund: In September 2008, the Treasury announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokeragesas much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury has made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid. Government-sponsored enterprise (GSE) stock purchase: The Treasury has bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets." GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion [PDF].
--SNIP--- long read
Federal Reserve bailout programs
Commercial Paper Funding Facility: With the support from the Treasury, the Fed established the CPFF in October 2008 to increase the availability of short-term debt (commercial paper) funding. Up to $1.8 trillion [PDF] was earmarked for the program.
Mortgage-backed securities purchase: In 2009, the Fed earmarked up to $1.25 trillion to buy investments based on home loans.
Term Asset-Backed Securities Loan Facility: TALF provides financing to investors who are buying asset-backed securities. In February 2009, the Fed and Treasury announced an expansion of the program to generate up to $1 trillion in new lending.
Foreign Central Bank Currency Liquidity Swaps: The Fed has provided $755 billion [PDF] for currency liquidity swaps with foreign central banks.
--SNIP--- long read
HOW DID THIS GANGSTER GOVERNMENT SCAM $14 TRILLION? PROBABLY LIKE THIS (the Madoff MO): Creating a labyrinth of interrelated international funds, institutions and financial entities of almost unparalleled complexity and breadth......with assets and businesses in miltiple places overseas that hid thievery, money launderering and tax evasion. At least half a dozen people in the Obama admin are going to walk away from Public Service living like the Sultan of Brunei.
A doctor from the Cleveland Clinic has found a cure for breast cancer - or at least it looks very hopeful. He lacks the funding for the necessary trials, which would amount to about $10 million. Yet we have funding for THIS? (and thousands of bailouts)?????
Just in time for the November election. I wonder what Amerikorps obamayouth will be doing this November? BTW, is it Americorps or Americorpse? You know with all this transforming going on I am not really sure.
How do they pay for it?
I had the same question. 57,000 jobs for $234 mil works out to $4,105.00 per job! What am I missing?
The Brown Shirts are Coming!
The Brown Shirts are Coming!
One if by Bicycle,
Two if by Light Rail....
sounds like his well funded civilian army he wanted.
OBAMA DOESN’T WANT YOU TO SEE THIS
Welfare for socialists!
Yeah. But then, I’ve kinda come to expect it from the Giant Circle-Jerk wee tend to term Government.
That photo was taken in Detroit in Feb. or March when word got out on the street that 0bama was giving away $3,000 in cash. This was at Cobo Hall - the line snaked through the lobby and outside around the building. Then there were two or three other locations in the city that experienced much the same thing. What was actually going on was that they were taking applications for stimulus money.
THIS is "stimulus"; stimulating the Democrat base which lives off others, pure and simple. Same with the illegals and the Amnesty push; pack the ranks of Democrat's base with MORE AND MORE entitlements-mentality voters.
When the current 51% who want to live off those "rich bastards have more money than they need" are un-employed, and the owners of business who are the job creators are milked of their money, can we all (or at least 75% of us) go on welfare at the same time? THEN, where will those "OBAMA MONEY" dollars come from?????