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So said Obama.
Like hell:
The man who is President Obama's newly minted urban czar pocketed thousands of dollars in campaign cash from city developers whose projects he approved or funded with taxpayers' money, a Daily News probe found.
Bronx Borough President Adolfo Carrion often received contributions just before or after he sponsored money for projects or approved important zoning changes, records show.
Most donations were organized and well-timed.
Even more corrupt than Bush was.
Welcome to The Greater Depression folks.
Until there is accountability, which this administration absolutely refuses to enforce, there will be no turn in the economy or the markets.
We were promised that which our new Presidunnit has no intention of delivering now, and never did.
It as all just a continuation of "the big lie" of the past decade.
Enjoy it when you're unemployed, homeless and hungry folks, and remember who's responsible.
It is NOT just Democrats or Republicans.
It's both.
It is NOT just Democrats or Republicans. It's both.
Originally posted by Amaterasu
Meet the new boss... Same as the old boss.
On the surface only is Obama making changes for any good. All else stays the same, inexorably goose-stepping to the New World Order.
[edit on 3/1/2009 by Amaterasu]
Unbelievable:
"AIG will also give the U.S. Federal Reserve a preferred interest in its American Life Insurance Co (Alico), which generates more than half of its revenue from Japan, and Hong Kong-based life insurance group American International Assurance Co (AIA) in return for reducing its debt, they said."
The Federal Reserve does not have the legal authority to take ownership stakes in anything.
This is what we get for not raising unholy hell when Bear Stearns' "Maiden Lane" was put in place, or when AIG's CDOs and CDS were taken by The Fed.
Now we're rising to open and flagrant flouting of the law.
The Fed, for those who are uninformed, is empowered to loan (under unusual and exigent circumstances) anyone money against collateral.
However, they are not empowered to own anything except debt instruments backed by the full faith and credit of the United States Federal Government.
That they would take an equity stake in a firm based in Hong Kong is beyond outrageous.
Folks, there is no reason whatsoever to believe that our financial system or capital markets will stabilize until "The Bezzle" is forced from our markets.
Make no mistake - it will be forced out.
The only question that remains is whether it will be forced out as a consequence of regulatory action or mass bankruptcy, with unemployment reaching 30% and possibly beyond, 20% of the S&P 500 bankrupt and the SPX trading at 210.
We are headed directly to at least the mid 400s on the S&P and 4,000 on the DOW unless this idiocy is stopped here and now, and I have absolutely no belief that our government has any interest whatsoever in stopping it.
Welcome to the Greater Depression.
Originally posted by Snooze
Originally posted by Amaterasu
Meet the new boss... Same as the old boss.
On the surface only is Obama making changes for any good. All else stays the same, inexorably goose-stepping to the New World Order.
[edit on 3/1/2009 by Amaterasu]
I have yet to see any changes Obama has made "on the surface" which are for the good of the people of this country. The only ones he's managed to help are the illegals and low-lifes.
Originally posted by texas thinker
So we may be witnessing the final death throes of the great American Dream.
Originally posted by redhatty
Amaterasu, human beings for some unknown reason will not choose what is the best course for everyone. Somehow, someway, we simply were wired wrong.
Originally posted by texas thinker
So we may be witnessing the final death throes of the great American Dream. Some day I may be telling my grand kids about the old free America over a cup of government issued coffee missing my cigarettes from when they were still legal, doing so because I do not wish to watch government controlled television content or read the Fed daily newspaper.
For those of us such as myself that cringe over such thoughts we better figure out how to turn our current direction around and get back to real American fundementals and break the chain of power from the Bushes, the Obamas, the Kennedy's and the Rockerfellers. This is OUR country dammit!.
TT I've had a thought, and it's not a happy thought, that I should have been keeping a journal of all that I have seen here during the election and early Obama administration, cause one day when I have kids/grandkids what they will learn in their history books will be nothing like what actually happened.
[edit on 2-3-2009 by AnonymousMoose]