Unemployment Hits 10% for First Since Early 80s
The unemployment rate sits at 10.2%, the highest it has been since 1983.
What happened to saving and creating jobs with your wasteful stimulus package, Chairman Obama? Remember that? It was supposed to save the economy, just like Bush and Paulson’s TARP debacle.
Get ready folks. We are headed for a prolonged period of high unemployment, little [...]
Chairman Obama’s Cap and Trade
Goldman Sachs to Pay Record Bonuses
By Josh Price
From The UK’s Guardian:
Staff at Goldman Sachs staff can look forward to the biggest bonus payouts in the firm’s 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the credit crunch will derail financial regulation reforms.
A lack of competition and a surge in revenues [...]
Can You Define What A ‘Financial Institution’ Is Defined As In the Bailout Legislation (TARP)? Don’t Worry, Hank Paulson Can’t Either
I know it’s starting to look like we’re piling on Treasury Secretary Hank Paulson, and we are–for good reason.
Read this story and try to justify why this empty suit is still in office.
What is the definition of a financial institution under the Troubled Assets Relief Program (TARP), Treasury Secretary Henry Paulson was asked on Tuesday. [...]
Oklahoma Senator Jim Inhofe Calls Out Hank Paulson
More and more people, including Congressmen and Senators, are starting to see Treasury Secretary Hank Paulson for the what’s-good-for-Goldman Sachs-is-good-for-America stooge he is, in my opinion.
Senator Jim Inhofe (R-Ok) is the latest to call Paulson out:
U.S. Sen. Jim Inhofe said Saturday that Congress was not told the truth about the bailout of the nation’s [...]
U.S. Government Can Keep Ownership of Banks as Long as It Wants
As we have been saying folks this bailout and the subsequent ownership power it has given to the United States government is a potential springboard to a form of socialism.
One of my primary questions as finally been answered: When does the government have to relinquish ownership in the banks and other institutions it now [...]
Treasury Department Considers Taking Ownership of Banks
What did I tell you? I wrote on Tuesday that if the financial markets continued to decline we would likely see Congress or the Bush administration come back to us and say the government needs even more control over the economy. Guess what? We may already be heading down that road:
Having tried without success to [...]
Bailout Plan Secretly In The Works For “Many Months?”
Well it would appear that way at least according to this profile of the guy tapped to distribute the $700 billion:
Kashkari, it turns out, was one of the original authors of the bailout plan. In a secretive effort over “many, many months,” he was a part of a small team at Treasury working on the [...]
Treasury Secretary Hank Paulson Urges “Patience” With The Economy
Yeah that’s right. The same man who was so anxious to get the bailout passed is now urging us to be patient.
Read what Treasury Czar Secretary Paulson had to say:
Treasury Secretary Henry Paulson said Wednesday that financial markets continue to be “strained” but he urged “patience” and said the federal government will use all tools [...]
House of Representatives Passes Bailout
After the Senate’s vote on Tuesday there was little doubt that the House would follow by passing President Bush’s and the Democrats’ socialist bailout. President Bush then quickly signed it and proceeded to praise his Treasury Secretary Hank Paulson.
The significance of this legislation can’t be understated. This is a direct step towards socialism. I don’t [...]
