The $700 Billion Toilet Plunger

Using a dual-pronged effort, Rep. Elijah Cummings (D-Md.) and Sen. John Sununu (R-N.H.) allowed Fed Chairman Ben Bernanke to explain his rationale for the $700 billion Wall Street bailout during the Joint Economic hearing underway on the Hill right now.

It's all about keeping credit flowing, Bernanke said.

Cummings asked Bernanke to explain to Moms and Pops in Baltimore why they should be bailing out Wall Street.

Bernanke explained that if the credit crisis is not solved, or at least salved, then small businesses will not be able to get loans, for instance. No banks will make auto loans, either, he said, meaning carmakers will make fewer cars and will have to lay off autoworkers, and so on.

"The credit system is like the plumbing," Bernanke said. "It permeates the entire system."

Sununu asked how Wall Street's distressed securities affect auto loans.

Bernanke explained that for banks to make loans to you and me, they have to have capital on-hand. A lot of that capital was based on home mortgages held by the banks and, once they became delinquent or went to foreclosure, their value went way down.

That meant that, on their accounting balance sheets, the banks have had to write down the value of their capital, which means they won't make any more loans.

And that, to use the chairman's analogy, clogs up the nation's plumbing.

So another way to look at the $700 billion bailout: A really big, really, really expensive toilet plunger.

September 24, 2008; 12:17 PM ET  | Category:  business
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Comments

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While I openly admit that most of this is above me, isn't "keeping credit flowing" a pretty big part of what got us into this mess?

Posted by: Anon | September 24, 2008 12:41 PM

So, does that make Mr Paulson a gold plated MR. HANKEY?

howdy HO!

Posted by: wowisdabomb | September 24, 2008 1:41 PM

LET THE TRIALS BEGIN: GOP REPUBLICAN FLEECING OF AMERICA
CITIZENS OF THE UNITED STATES VERSUS GOP SUPER RICH GOP REPUBLICAN CRIMINALS

ACT QUICKLY, ACT QUICKLY, ACT QUICKLY
IS NOT THIS THE SAME THING THAT THOSE GOP REPUBLICAN CRIMINALS SAID TO START THE ILLEGAL IRAQ WAR!

LET THE TRIALS BEGIN: CITIZENS OF THE UNITED STATES VERSUS GOP SUPER RICH REPUBLICAN CRIMINALS (BUSH, CHENEY, RICE, PAULSON, MCCAIN) AND THEIR WALL STREET SUPERCAPITALIST SPECULATING FELLOW CONSPIRATOR FRIENDS

THE AMERICAN PEOPLE WILL PREVAIL

Hmmm, let's see. We have a bunch of republicans whining about wanting these CEOs to keep their fortunes, multiple houses and cars, and they want the taxpayers to bail them out. But when the taxpayer wanted help to keep THEIR homes, they were called a bunch of whiners by these SAME republicans and were given NO bailout.

Why are their oversized fortunes more important than the rest of America's modest and undersized ones?

Now, for the last time, once and for all, explain to me how Obama is the elitist and the republicans are "just like you and me." Go ahead. I triple dog dare you.

GOP REPUBLICAN WALL STREET SUPERCAPITALISM AT ITS WORST

Executive salaries, CEO bonuses, grand robberies of the U.S. TREASURY in the $MILLIONS, $BILLIONS, and $TRILLIONS.

GOP REPUBLICAN WALL STREET SUPERCAPITALISTS robbed the AMERICAN PEOPLE of a $Trillion. RULE OF LAW states that the AMERICAN PEOPLE will be protected and all private properties, money, and wealth domestic and abroad owned by GOP REPUBLICAN SUPERCAPITALISTS taking part in robbing the U.S. TREASURY (AMERICAN PEOPLE) will immediately be confiscated and returned to the U.S. TREASURY (AMERICAN PEOPLE).

REPLACE GOP REPUBLICAN CEO GOLDEN PARACHUTES WITH CRIMINAL TRIALS AND PROPERTY CONFISCATION. THE AMERICAN PEOPLE WILL PREVAIL AND THE UNITED STATES CONSTITUTION WILL BE REINSTATED. LONG LIVE FREEDOM AND JUSTICE. CORPORATE TRANSPARENCY AND ACCOUNTABILITY WILL BE THE LAW OF THE LAND.

INSIDE JOB AT THE HIGHEST LEVEL:
GOP REPUBLICAN WHITE HOUSE ILLEGAL WARS AND
WALL STREET CRIMINAL DEREGULATED SPECULATIONS

You asked for it and you got it. GOP REPUBLICANS INSIDERS McCain, Bush, Cheney, Paulson, and Rice were hired by Super-Capitalists (Super Wealthy GOP REPUBLICANS) to start Illegal Oil Wars against Oil producing Nations and DEREGULATE (eliminate AMERICAN PEOPLE PROTECTION) the FEDERAL GOVERNMENT (White House, Congress, Supreme Court), TREASURY and WALL STREET. These INSIDERS did exactly what they were paid to do. Past GOP REPUBLICANS (Nixon, Reagan, Bush I) and current GOP REPUBLICANS (Bush II, Cheney, Rice, McCain, Paulson) have a credibility factor of zero. Americans no longer believe them, the World has never believed them and now they are done. They came in with the 9/11 attack upon the AMERICAN PEOPLE and leave with the Wall Street $1Trillion attack upon the AMERICAN PEOPLE.

Wave after wave after wave the GOP REPUBLICANS attack the AMERICAN PEOPLE based on the premise of disrespect for anyone who is not a GOP RICH REPUBLICAN. Either you are in their group (GOP RICH REPUBLICAN) or out (debt ridden worker bee / victim). GOP REPUBLICANS view the AMERICAN PEOPLE as gullible sheep perpetually fattened with debt and led to the subhuman existence slaughter. When slavery (free labor) ended GOP RICH REPUBLICANS attacked and enslaved the people of the world through unbalanced trade. Now that foreign sweatshops are demanding better pay and treatment, GOP RICH REPUBLICANS are attacking the AMERICAN MIDDLE CLASS. GOP RICH REPUBLICANS are banking on the idea that the AMERICAN MIDDLE CLASS are non-thinking drones fat with artificial food, high on Wall Street sponsored imported drugs (legal / illegal), and choked with clutter, debt and noise.

Through massive GOP REPUBLICAN SPONSORED DEREGULATIONS, GOP REPUBLICAN CEOs, Treasury Secretary, Wall Street Speculators, White House Administration, Cabinet Members, and their insider friends each walked away with more than $20,000,000 annually of money stolen directly from the U.S. TREASURY (AMERICAN PEOPLE). After eight years of GRAND FRAUD AT THE HIGHEST LEVEL, thousands of GOP REPUBLICANS ROBBED OUR UNITED STATES TREASURY OF $1TRILLION (ACTS OF TREASON AGAINST THE AMERICAN PEOPLE).

The AMERICAN PEOPLE will hold ALL GOP REPUBLICANS INVOLVED in these ACTS OF TREASON accountable before a TRIAL. ALL GOP REPUBLICANS INVOLVED in these ACTS OF TREASON will have ALL OF THEIR PROPERTIES (corporate and private, domestic and foreign sheltered) CONFISCATED, SOLD and RETURNED to OUR NATIONAL TREASURY (AMERICAN PEOPLE). The UNITED STATES CONSTITUTION (WILL OF THE AMERICAN PEOPLE) shall prevail, despite the criminal efforts of GOP REPUBLICAN WALL STREET SUPER-CAPITALIST CRIMINALS.

CONGRESS WILL NOT ADJOURN UNTIL AFTER THE GOP REPUBLICAN PARTY FIX THEIR COLOSSAL MESS

GOP (GOOD OLDBOY PIRATES)


GOP REPUBLICAN JOHN MCCAIN WALL STREET DEREGULATIONS
GOP REPUBLICAN JOHN MCCAIN ALSO WANTED TO PRIVATIZE SOCIAL SECURITY (BONEHEAD)
GOP REPUBLICAN JOHN MCCAIN sponsored landmark legislation in 1999 that removed the walls between banks, investment firms and insurance companies. GOP REPUBLICAN JOHN MCCAIN bill allowed a company like AIG to expand beyond its traditional insurance business (which is still profitable) into exotic new extremely high risk products that brought the company down and created this colossal mess.

WALL STREET SRO - SELF REGULATORY ORGANIZATION
THE GOP REPUBLICAN RUN Government (GOP President, GOP Congress, GOP Supreme Court) looked the other way, while GOP REPUBLICAN Super-capitalist Obscenely Rich WALL STREET SRO Speculators Robbed Our U.S. TREASURY and Forced the $Trillion Debt Upon the AMERICAN PEOPLE.


Average Americans are becoming poorer, because GOP REPUBLICAN WALL STREET super rich SPECULATORS and corporate CEOs are paying themselves, business partners, friends, and family members at least $20,000,000 annually from MONEY STOLEN FROM THE U.S. TREASURY. These major crimes committed by WALL STREET SPECULATORS AND CEOs have gone beyond greed and into acts of treason against the AMERICAN PEOPLE. Seize the stolen money and properties valued in the $TRILLIONS back from these super criminals for attacking America. Those stolen $MILLIONS / $BILLIONS / $TRILLIONS belong to the AMERICAN PEOPLE.

RULE OF LAW states that the People of the United States will be defended. Those who attack American Citizens will be prosecuted. WALL STREET SPECULATORS and CORPORATE CEOs dictatorship over the AMERICAN PEOPLE is over. Average Americans are not going to accept WALL STREET CORPORATE CRIMES anymore. Rights of Citizen and Average Workers of the United States will be enforced. The AMERICAN PEOPLE will always come before corporate interests, because Americans Love America more than Wall Street Speculators love greed.

GOP REPUBLICAN WALL STREET $TRILLION FRAUD AGAINST THE AMERICAN PEOPLE

Direct impact of GOP McCain sponsored deregulations
Bankrupt and floundering
Failure of the investment bank
Government's takeover

GOP REPUBLICAN WALL STREET's business model has collapsed

Greed and fear routinely govern GOP REPUBLICAN WALL STREET financial markets and GLOBAL CRISIS.

GOP REPUBLICAN WALL STREET (giant investment houses, brokerage firms, hedge funds, "private equity" firms) irresponsibly TRADED the savings of average Americans (placed LAS VEGAS STYLE BETS on extremely high risk stocks, bonds, and other securities).

DUBIOUS MORTGAGES were PACKAGED into BONDS and SOLD and TRADED. Investment houses had huge incentives to increase LEVERAGE (OBSCENELY HIGH BORROWING).

GOP REPUBLICAN WALL STREET compensation is heavily skewed toward annual bonuses, reflecting the profits traders and managers earned in the tune of lavish base salaries and obscenely high annual bonuses of $20,000,000.

GOP REPUBLICAN WALL STREET relies heavily on OBSCENELY HIGH LEVERAGE (OBSCENELY HIGH BORROWING). $3 Trillion (stocks, bonds, other securities) backed by only $80 billion in shareholders' equity while the $2.8 Trillion was LEVERAGE (BORROWED).

Leverage (huge borrowing) can create huge debts (huge principal and interest obligations)

GOP REPUBLICAN WALL STREET is a manic machine for gambling.
Traders and money managers are given huge incentives to do whatever would increase short-term profits.

For decades, GOP REPUBLICAN JOHN MCCAIN sponsored legislation that broadly deregulated WALL STREET banking and insurance industries.

GOP REPUBLICAN JOHN MCCAIN swept away Consumer Protection legislation and opened the way for a less restricted high risk financial marketplace.

While the GOP REPUBLICAN WALL STREET boom continued, government (White House, Congress, Supreme Court) looked the other way.

GOP REPUBLICAN Congress resisted tougher regulation and permitted WALL STREET to run out of control at obscenely high LEVERAGE (OBSCENELY HIGH BORROWED MONEY) RATIOS perpetrating intentional fraud against the AMERICAN PEOPLE.

GOP REPUBLICAN WALL STREET leaders intentionally deceived customers and lenders into taking hazardous risks for short-term rewards regardless of the long-term dangers to the AMERICAN PEOPLE.

Mortgages went bad. The powerful high leverage went into reverse. Losses eroded firms' capital bases and raised doubts about their survival.

Financial firms took major stupid and wasteful risks that severely damaged the American Economy and impeded economic recovery.

GOP REPUBLICAN STOCK MARKET $TRILLION FRAUD has deepened consumers' pessimism, fear and reluctance to spend. There may be more failures of FINANCIAL FIRMS.

GOP REPUBLICAN WALL STREET financial crises resemble the GOP REPUBLICAN illegal miscalculated war.


How were we ever made to believe that the now-collapsing GOP REPUBLICAN WALL STREET model ever made sense? Common sense should have told us that making RISKY BETS with HUGE AMOUNTS of BORROWED MONEY was a DANGEROUS GAME; if the bets pay off you make money beyond your wildest dreams, but if they go bad you face utter ruin.

Common sense should have told us that betting fortunes on meaningless fluctuations in stock, bond or currency values (McCain sponsored deregulated hedge funds) was about as productive as a trip to Las Vegas. Common sense should have told us that buying and selling exotic securities based on other securities based on bundles of mortgages that were treated like mere numbers on a balance sheet (no recognition that the whole iffy construct was based on real people living in real houses that they might or might not be able to afford) was not an intelligent endeavor.

Somehow, we all forgot that "HIGHLY LEVERAGED" is just another way of saying "DEEPLY INDEBTED." Now we've had a wake-up call, and maybe the erstwhile Masters of the Universe will have to stop playing with imaginary money and go back to using the real stuff.


The View Destroyed Unprepared GOP REPUBLICAN John McCain

McCain / Palin Failin are rejected for voting against Women Rights


RUL OF LAW WILL ENFORCE CONFISCATION OF ALL GOP REPUBLICAN WALL STREET SPECULATORS’ AND CEOS’ PERSONAL PROPERTIES RESPONSIBLE FOR OUR ECONOMY’S MELTDOWN. All money and properties of the Super Rich CEOs and WALL STREET Speculators domestic and abroad will be confiscated and returned to the United States TREASURY and the AMERICAN PEOPLE.

WALL STREET SRO - SELF REGULATORY ORGANIZATION
OUR GOP REPUBLICAN RUN Government (GOP President, GOP Congress, GOP Supreme Court) looked the other way, while GOP REPUBLICAN Super-capitalist Obscenely Rich WALL STREET SRO Speculators Robbed Our U.S. TREASURY and Forced the $Trillion Debt Upon the AMERICAN PEOPLE.

GOP REPUBLICAN LIARS SUPER RICH WALL STREET GET RICH QUICK GREEDY
BILLION DOLLARS RISKY UNSECURED LOANS RISKY UNSECURED LOANS RISKY UNSECURED LOANS
REPACKAGED AND SOLD TO THE AMERICAN PEOPLE.

GOP REPUBLICAN LIARS SUPER RICH WALL STREET ROBBER BARONS
COMMIT TREASON AND GRAND FRAUD AGAINST THE AMERICAN PEOPLE.


WALL STREET SRO - SELF REGULATORY ORGANIZATION
OUR GOP REPUBLICAN RUN Government (GOP President, GOP Congress, GOP Supreme Court) looked the other way, while GOP REPUBLICAN Super-capitalist Obscenely Rich WALL STREET SRO Speculators Robbed Our U.S. TREASURY and Forced the $Trillion Debt Upon the AMERICAN PEOPLE.


HILLARY RODHAM CLINTON ANGERED BY SARAH PALIN’S REMARKS

Comments uttered by Sarah Palin has angered Senator Hillary Rodham Clinton who described Sarah Palin as an opportunist with no qualifications. Senator Hillary Clinton also stated that John McCain and Sarah Palin’s records on women’s rights are abominable. The country cannot withstand anymore George Bush failures cloaked in McCain/Palin. Asking Sarah Palin to become Vice President is like asking the grazing moose behind her trailer to pilot the shuttle.


National Organization of Women (NOW) Endorsed Pro-Women’s Rights ticket Obama / Biden for their outstanding works bettering the lives of women.

GOP REPUBLICANS ARE AUTHORITARIANS WHO DO NOT BELIEVE IN FREE SPEECH OR DEMOCRACY. GOP REPUBLICAN ONLY INTERESTS ARE POWER AND MONEY.


GOP REPUBLICAN WALL STREET SUPERCAPITALISM AT ITS WORST

Executive salaries, CEO bonuses, grand robberies of the U.S. TREASURY in the $MILLIONS, $BILLIONS, and $TRILLIONS.

GOP REPUBLICAN WALL STREET SUPERCAPITALISTS robbed the AMERICAN PEOPLE of a $Trillion. RULE OF LAW states that the AMERICAN PEOPLE will be protected and all private properties, money, and wealth domestic and abroad owned by GOP REPUBLICAN SUPERCAPITALISTS taking part in robbing the U.S. TREASURY (AMERICAN PEOPLE) will immediately be confiscated and returned to the U.S. TREASURY (AMERICAN PEOPLE).


PALIN FAILIN RETURNED HOME TO 2,000 ALASKAN PROTESTERS WHO CHEERFULLY CHANTED "O-BAM-AH.

Gov. Sarah Palin returned home to 2,000 protesters outside the Anchorage library who wanted to correct the widespread impression that the Last Frontier endorses her candidacy.

"Last week a group of women were sitting around talking about this perception that all of Alaska supports Sarah Palin. We apparently hit a nerve and started a movement,"

A sense of festival obtained. There was a woman in a polar bear suit representing "Polar Bear Moms Say: No Palin Failin." Drivers on 36th Avenue saw a little girl waving a sign "Don't Ban My Books."

"My mom is from Alaska. She's a working mother. She's good looking," said Nolan. "So she seems to be qualified to be vice president."

Asking Sarah Palin to become the Vice President is like asking the grazing moose behind her trailer to pilot the shuttle.

Sarah Palin Failin Protesters Held Signs Reading:

Bush In A Skirt
Palin Be Failin
Jesus Was a Community Organizer
Palin Failin: Thanks But No Thanks
Smearing Alaska's Good Name One Scandal @ a Time
Candidate To Nowhere
Rape Kits Should Be Free
Voted For Her Once: Never Again!
Community Organizers are the Real Patriots
Barbies for War
I Shall Not Be Pandered To
Give Palin Failin Your Vote AND Your Draft Age Child
Sarah Palin Failin: So Far Right She's Wrong
Alaska Is Not Frisco
Coat Hangers for McCain
Sarah Palin Failin, Undoing 150 Years of American Feminism
Hockey Mama for Obama (on a hockey stick)


Cheerful chants of "O-bam-ah.


National Organization of Women (NOW) Endorses Obama / Biden For Their Pro-Women Rights Stance


McCain / Palin Failin are rejected for their anti-women stance and votes against Women Rights

PRESIDENTIAL AND VICE PRESIDENTIAL CHOICES

I'm a little confused. Let me see if I have this straight.....

If you grow up in Hawaii, raised by your grandparents, you're 'exotic, different.'

Grow up in Alaska eating mooseburgers, and its a quintessential American story.

If your name is Barack you're a radical, unpatriotic Muslim.

Name your kids Willow, Trig and Track, you're a maverick.

Graduate from Harvard law School and you are unstable.

Attend 5 different small colleges before graduating, you're well grounded.

If you spend 3 years as a brilliant community organizer,
become President of the Harvard Law Review,
create a voter registration drive that registers 150,000 new voters,
spend 12 years as a Constitutional Law professor,
spend 8 years as a State Senator representing a district with over 750,000 people,
become chairman of the state Senate's Health and Human Services committee,
spend 4 years in the United States Senate representing a state of 13
million people while sponsoring 131 bills and serving on the Foreign
Affairs, Environment and Public Works and Veteran's Affairs committees,
you don't have any real leadership experience.

If your total resume is: local weather girl, 4 years
on the city council and 6 years as the mayor of a town with less
than 7,000 people, 20 months as the governor of a state with only 650,000
people, and cook caribou/grizzly/wolf stew, then you're qualified to become the country's second
highest ranking executive.

If you have been married to the same woman for 19 years while raising 2 beautiful daughters,
all within Protestant churches, you're not a real Christian.

If you cheated on your first wife with a rich heiress,
and left your disfigured wife and married the heiress the next month,
you're a Christian.

If you teach responsible, age appropriate sex education, including
the proper use of birth control, you are eroding the fiber of society.

If , while governor, you staunchly advocate abstinence only,
with no other option in sex education in your state's school system
while your unwed teen daughter ends up pregnant , you're very responsible.

If your wife is a Harvard graduate lawyer who gave up a position in a prestigious law firm
to work for the betterment of her inner city community, then gave that up to raise a family,
your family's values don't represent America's.

If you're husband is nicknamed 'First Dude', with at least one DWI conviction
and no college education, who didn't register to vote until age 25 and
once was a member of a group that advocated: the secession of Alaska from the USA,
your family is extremely admirable.

OK, much clearer now.


National Organization of Women (NOW) Endorses Obama / Biden For Their Pro-Women Rights Stance


McCain / Palin Failin are rejected for their anti-women stance and votes against Women Rights

BRITISH PRIME MINISTER BROWN SUPPORTS BARACK OBAMA

LONDON - BRITISH PRIME MINISTER GORDON BROWN voiced support for UNITED STATES DEMOCRATIC PRESIDENTIAL CANDIDATE BARACK OBAMA, saying he would help Americans struggling with an economic downturn.

In a move seen by some British media as a break with a political convention requiring foreign leaders to remain neutral ahead of US elections, BRITISH PRIME MINISTER BROWN praised MR. OBAMA as a fellow “progressive politician” who would help ordinary Americans in tough times. With eight weeks to go before the presidential election, MR. OBAMA and his Republican rival John McCain are neck-and-neck in domestic opinion polls.

BRITISH PRIME MINISTER BROWN described the race for the White House as “electrifying” and said: “It is the DEMOCRATS who are generating the ideas to help people through more difficult times.”

“To help prevent people from losing their home, BARACK OBAMA has proposed a Foreclosure Prevention Fund to increase emergency pre-foreclosure counselling, and help families facing repossession,” he wrote in an article in The Monitor magazine, a monthly political publication.


2008 UNITED STATES DEMOCRATIC PRESIDENTIAL RACE

DEMOCRAT HARVARD LAW VS. GOP REPUBLICAN D STUDENTS

OBAMA OF HARVARD LAW AND PRESIDENT OF HARVARD LAW REVIEW
BIDEN OF SYRACUSE LAW

MCCAIN OF NAVY ACADEMY LAST PLACE D STUDENT
PALIN FAILIN OF MOOSE COLLEGE

GOP Republican Wall Street SRO (Self Regulatory Organization) Robber Baron Supercapitalism Is Down And Will No Longer Rob the U.S. TREASURY and AMERICAN PEOPLE

STOP DESTRUCTIVE GOP REPUBLICAN WALL STREET SUPERCAPITALISM OIL SPECUALTARS (OIL MILLIONAIRES BUSH, CHENEY, RICE, MCCAIN, PALIN FAILIN)

NATIONALIZE U.S. OIL FOR NATIONAL DEFENSE
NATIONALIZE U.S. OIL FOR NATIONAL DEFENSE
NATIONALIZE U.S. OIL FOR NATIONAL DEFENSE

WHY A BARREL OF OIL ILLEGALLY SHOT UP FROM $24 TO $145 DURING THE GOP REPUBLICAN (MCCAIN, BUSH, CHENEY, RICE, PALIN FAILIN) ADMINISTRATION


GOP REPUBLICAN BUSH I OOOOOIIIIILLLLL MILLIONAIRE AND OIL EXECUTIVE
GOP REPUBLICAN BUSH II OOOOOIIIIILLLLL MILLIONAIRE AND OIL EXECUTIVE
GOP REPUBLICAN CHENEY OOOOOIIIIILLLLL MILLIONAIRE AND OIL EXECUTIVE
GOP REPUBLICAN RICE OOOOOIIIIILLLLL MILLIONAIRE AND OIL EXECUTIVE
GOP REPUBLICAN GUILIANI OOOOOIIIIILLLLL MILLIONAIRE AND OIL STOCKHOLDER
GOP REPUBLICAN MCCAIN OOOOOIIIIILLLLL MILLIONAIRE AND OIL STOCKHOLDER
GOP REPUBLICAN PALIN FAILIN OOOOOIIIIILLLLL COMMISSIONER AND OIL STOCKHOLDER


TOGETHER WHAT DO THEY ALL HAVE IN COMMON?

THEY ARE ALL GOP REPUBLICAN OOOOOIIIIILLLLL MILLIONAIRES AND OIL STOCKHOLDERS


GOP REPUBLICAN OOOOOIIIIIIIIILLLLLLLLLLL IS THE NEW CRACK
GOP REPUBLICAN OOOOOIIIIIIIIILLLLLLLLLLL IS THE NEW CRACK
GOP REPUBLICAN OOOOOIIIIIIIIILLLLLLLLLLL IS THE NEW CRACK


CAN YOU SAY GOP REPUBLICAN CONSPIRACY TO DEFRAUD THE AMERICAN PUBLIC, ROB OUR U.S. TREASURY, AND SPECULATE FOR OBSCENELY HIGH PROFIT RETURNS ON WALL STREET OIL STOCKS

WAKE UP AMERICA, BECAUCE THE WORLD ALREADY KNOWS ABOUT THE CRIMINAL GOP REPUBLICAN PARTY OF CONSPIRATORS

NATIONALIZE U.S. OIL FOR NATIONAL DEFENSE AS A VITAL RESOURCE

AMERICA AND AMERICANS FIRST

NO MORE GOP REPUBLICAN WALL STREET OOOOOIIIIILLLLL SPECULATION AND FRAUD AGAINST THE AMERICAN PEOPLE

IF YOU SAY THAT YOU LOVE AMERICA, THEN PROVE IT AND STOP THE GOP REPUBLICAN RAIDERS UPON OUR U.S. TREASURY AND OUTSOURCING OF U.S. JOBS


GOP Republican Wall Street Get Rich Quick By Robbing America TREASURY Wild Speculators Created The Enormous National Debt, So Make Them Pay For It And Balance Our Budget.
GOP Republican Wall Street Supercapitalism Speculators Have Committed Treason Against Our Country.

HILLARY RODHAM CLINTON ANGERED BY SARAH PALIN FAILIN’S REMARKS

Will the GOP Republican get rich by selling America party take credit for any of their disasters? GOP Republicans are successful at failing and hurting OUR COUNTRY in the eyes of the WORLD. Can we really afford to ignore what the ENTIRE WORLD THINKS OF US?


How does the WORLD perceive AMERICA led by Barack Obama? Extremely favorable.

How does the WORLD perceive AMERICA led by John McCain? Extremely negative.

FOUR MORE YEARS ANYONE?

Eventually, Americans will realize that doing the same thing (electing GOP Republicans) will not yield different results (stock market disasters, economic disasters, world view disasters, failed foreign policy disasters, failed domestic policies disasters).

Spraying perfume on a new GOP Republican Pig will not create a bright and shiny candidate. Garbage in equal garbage out. GOP Republican garbage in yield (stock market, economic, foreign relations, domestic policies) garbage out.

McCain has perpetually been a failure from school until now.
Palin Failin has perpetually been a failure (with a hillbilly hockey mom accent) from day one until now. Her bear hunting Arctic outback kids prove it.

Do you really need someone to tell you these basic facts? Under the Freedom of Information Act, all of this information is available free if you choose to type in the questions.

Lets prove to the Europeans and the World that we are not stupid, because they think that we are after two terms of Forrest Gump Bush.

D Student Crash Every Plane McCain and Hillbilly Trailer Palin Failin are not reflective of the AMERICAN PEOPLE.

If Palin Failin had a brain, then she would have considered the immense responsibilities demanded of the Office of the United States Vice President or President; and politely declined McCain’s crack induced invitation. GOP Republican Party is a joke.

If FOX NEWS does not clean up it’s filthy RACIST acts of discrimination, then American and European audiences will B O Y C O T T FOX RACIST NEWS.


GOP Republican Wall Street Get Rich Quick By Robbing America TREASURY Wild Speculators Created The Enormous National Debt, So Make Them Pay For It And Balance Our Budget.
GOP Republican Wall Street Supercapitalism Speculators Have Committed Treason Against Our Country.


REPORT SAYS GOP REPUBLICAN OIL AGENCY RAN AMOK

INVESTIGATION OF GOP REPUBLICAN OFFICE OF MANAGEMENT AND BUDGET

INVESTIGATION OF GOP REPUBLICAN MINERALS MANAGEMENT SERVICE OIL MARKETING GROUP


GOP REPUBLICAN Government officials in charge of collecting BILLIONS of dollars worth of royalties from OIL and gas companies accepted gifts, steered contracts to favored clients and engaged in drug use and illicit sex with employees of the energy firms, federal investigators reported.

Investigators from the Interior Department's inspector general's office said more than a dozen employees, including the former director of the OIL royalty program, took meals, ski trips, sports tickets and golf outings from industry representatives. The report alleges that the former director, also netted more than $30,000 from improper outside work.

The report from Inspector General contains fresh allegations about the practices at the beleaguered royalty-in-kind program of Interior's Minerals Management Service, which last year collected more than $4 billion worth of OIL and natural gas from companies given contracts to tap energy on federal and Indian lands and offshore. The revelations come as Congress is set to consider opening the Arctic National Wildlife Refuge and areas off the coast of Florida for drilling.

The royalty-in-kind program, based near Denver, allows energy companies to pay the government in OIL and gas, rather than cash, for the privilege of drilling on government land. It has been the subject of multiple investigations since 2006 by the Interior Department's secretary, its inspector general, the Justice Department and Congress for alleged mismanagement and conflicts of interest.

In the report released yesterday, investigators said they "discovered a culture of substance abuse and promiscuity" in which employees accepted gratuities "with prodigious frequency." The report cited one e-mail from a Shell Pipeline representative asking a woman in the royalty office to attend "tailgating festivities" at a Houston Texans football game: "You're invited . . . have you and the girls meet at my place at 6am for bubble baths and final prep."

Besides Shell, the energy company employees mentioned in the report worked for Chevron, Hess and Gary-Williams Energy. The social outings detailed in the report included alcohol-, cocaine- and marijuana-filled parties where certain employees of the Minerals Management Service were nicknamed the "MMS Chicks" by the energy employees. The companies paid for federal workers to attend football and baseball games, PGA Tour events, Colorado ski trips, paintball outings and "treasure hunts," investigators found.

"The OIL INDUSTRY holds shocking sway over the ADMINISTRATION and even KEY FEDERAL EMPLOYEES,". "This is why we must not allow BIG OIL'S AGENDA to be jammed through CONGRESS."

The current director of the Minerals Management Service, said that he takes the report "very seriously".
Employees identified in the report told investigators that they didn't think ethics rules applied to them because of their "unique" role in the agency and that they needed to socialize with industry representatives for "market intelligence," according to the report. Those employees, some of whom have been transferred to different offices, have been recommended for internal administrative action.

The inspector general's release comprised three separate reports, including one devoted to the program's director. It alleges that Smith improperly worked part time for Geomatrix Consultants, an Oakland, Calif.-based environmental and engineering firm, and marketed the company to government clients.

Additionally, the report said that the director had an inappropriate sexual relationship with a subordinate whom he paid to buy cocaine, promising her a bonus in return. The director admitted to the sexual encounter.

The director, who now works for a private OIL company in Denver, did not respond to requests for comment. Investigators referred their findings to federal prosecutors.

Justice officials also declined to comment on their decision about the criminal case against the highest-ranking official named in the report director of the Minerals Management Service, who worked in Washington. She is accused of improperly arranging a million-dollar deal for two retired employees.

The wife of the procurement policy administrator for the WHITE HOUSE OFFICE OF MANAGEMENT AND BUDGET, retired from government service Jan. 31. She declined to comment on the report. She told investigators she had a "personal issue. The Justice Department's decision to charge created a rift with Interior officials.

One of the two retired employees pleaded guilty in July to a federal conflict-of-interest charge related to the investigation. Another employee has been under investigation for similar conflict-of-interest allegations.

Before he left, Mayberry created a job for himself by writing the job description and the criteria for selecting the winning bidder, court documents show. He started a company out of his Texas home and was awarded a $150,000 contract in June 2003. He later hired Dial, the report said. Mayberry's firm collected $788,000 worth of contracts.

The royalty-in-kind program, which started as a small pilot project a decade ago, has been touted as a way to simplify the way OIL AND GAS COMPANIES pay for the right to drill on federal land and offshore. Instead of calculating the profit from a well, they can simply give the government one-eighth to one-sixth of whatever they take from the ground.

Revenue rose quickly, from $1.5 billion in 2004 to $4.3 billion last fiscal year. But the growth occurred "in an environment with relatively unstructured in-house oversight," the congressionally convened Royalty Policy Committee said in a December report. Previous reports have said that companies were allowed to revise their million-dollar bids for projects indiscriminately, that government workers routinely failed to seek out legal advice on complicated deals and that the agency used outdated computers and a $150 million software program that resulted in royalty money going uncollected.

A lawyer who represented states and tribes entitled to a cut of the royalties, said it was nearly impossible to get accurate numbers from the agency. "They kept hemming and hawing," she said.

In late 2006 questions arose over its handling of leases written in 1998 and 1999 that allowed major OIL companies drilling in the Gulf of Mexico to avoid BILLIONS of dollars in royalty payments.

Former Interior Department auditors accused the agency of failing to bill companies. "We weren't allowed to audit them. It was disturbing," said an auditor who sued the federal government for not collecting royalties. "You couldn't see what was going on."

The minerals agency director said that the harm done by the royalty employees was to public trust and TREASURY, and acknowledged that financial considerations were given to firms that gave favors to federal employees, and he said the contracts will be audited.


Do you really question the motives of GOP Republicans Criminals? America must Immediately Nationalize U.S. OIL and Gas For National Defense.


DEMOCRAT HARVARD LAW VS. GOP REPUBLICAN CRASH JET AND MUDVILLE

U.S. Presidents From Harvard Law
John Adams
John Quincy Adams
Rutherford Hayes
Theodore Roosevelt
Franklin Roosevelt
John Kennedy
Barack Obama

President and Harvard Law Scholar Barack Obama Contrast With D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain


Growing Up

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain was privileged, given everything by both parents, and worked for nothing.


Irish-American and Harvard Law Scholar Barack Obama grew up poor, raised by his Irish-American single white mother and Irish-American white working class maternal grand parents. Irish-American and Harvard Law Scholar Barack Obama was given nothing and worked for everything.

Education

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain was a D student and graduated last in his class. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain and McBush Wall Street OOIIILLLL Millionaire share failed academic records. He partied constantly and dependent on favor handouts from his high ranking father and grandfather. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain earned nothing on his own similar to McBush Wall Street OOIIILLLL Millionaire. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain is also Internet illiterate which slows down his information processing capacity. Is this good for the country?


Irish-American and Harvard Law Scholar Barack Obama worked hard and became PRESIDENT OF THE HARVARD LAW REVIEW. Everything that Irish-American and Harvard Law Scholar Barack Obama accomplished he did on his own. Irish-American Barack Obama’s HARVARD Scholarship ranks among the best. Irish-American and Harvard Law Scholar Barack Obama’s hard work represents the American Dream.


Community Service

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain poor studies translated into poor performances in the military where he crashed several planes and recklessly endangered the lives of others. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain was never trusted by his colleagues nor loved by his peers. The highlight of D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain’s career was getting shot down and becoming a prisoner. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain served his country by getting handouts from his guards. Getting handouts seems to be D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain’s modem of operations. WillObscenelyRich Crash Every Plane McCain, who finished 894th out of 899 at the Naval Academy and who lost five jets, return competence to the White House? To lose one plane over Vietnam may be a heroic tragedy; to lose five planes here and there is carelessness.

Irish-American Barack Obama turned down large profits after graduating from HARVARD LAW to serve the community in Chicago where help was needed most. The community learned to trust and love Irish-American and Harvard Law Scholar Barack Obama for his dedication to public service.


Marriage

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain walked out on his family to chase a younger woman who was on drugs, embezzling money from her company, stealing, and facing criminal charges, until her privileged family saved her from trial. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain’s dysfunctional family represents chaos and lack of respect when he curses her in public.


Irish-American and Harvard Law Scholar Barack Obama married an intelligent IVY LEAGUE attorney and adores his beautiful young daughters. Irish-American and Harvard Law Scholar Barack Obama’s First Family represents what America is striving for. Irish-American and Harvard Law Scholar Barack Obama has always been surrounded by and still maintains a great respect for women (Irish mother, Irish grandmother, sister, wife, and two daughters). If anyone is in tune with and favors the betterment of working American women, then it’s Irish-American and Harvard Law Scholar Barack Obama.

International Diplomacy

The World wants no more chaotic McBush Wall Street OOIIILLLL Millionaire-D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain.


The World loves Irish-American and Harvard Law Scholar Barack Obama and will follow America’s leadership behind Irish-American and Harvard Law Scholar Barack Obama.

If D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain had to make another emergency landing on a deserted island with Irish-American and Harvard Law Scholar Barack Obama onboard as one of the passengers, then it is safe to say that D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain would assume the role of Gilligan, while Irish-American and Harvard Law Scholar Barack Obama would assume the role of the professor.

Hillary Clinton Will Destroy Sarah Palin Failin From Mooseville College.


Navy pilot John Sidney D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III should have never been allowed to graduate from the U.S. Navy flight school. He was a below average student and a lousy pilot. Had his father and grandfather not been famous four star U.S. Navy admirals, D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III would have never been allowed in the cockpit of a military aircraft.

His father John S. "Junior" McCain was commander of U.S. forces in Europe later becoming commander of American forces in Vietnam while D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III was being held prisoner of war. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III's grandfather John S. McCain, Sr. commanded naval aviation at the Battle of Okinawa in 1945.

During his relative short stunt on flight status, D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III lost five U.S. Navy aircraft, four in accidents and one in combat.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III lost jet number one in 1958 when he plunged into Corpus Christi Bay while practicing landings. He was knocked unconscious by the impact coming to as the plane settled to the bottom.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's second crash occurred while he was deployed in the Mediterranean. Flying too low over the Iberian Peninsula, he took out some power lines which led to a spate of newspaper stories in which he was predictably identified as the son of an admiral."

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's third crash three occurred when he was returning from flying a Navy trainer solo to Philadelphia for an Army-Navy football game.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's fourth aircraft loss occurred July 29, 1967, soon after he was assigned to the USS Forrestal as an A-4 Skyhawk pilot. While seated in the cockpit of his aircraft waiting his turn for takeoff, an accidently fired rocket slammed into D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's plane. He escaped from the burning aircraft, but the explosions that followed killed 134 sailors, destroyed at least 20 aircraft, and threatened to sink the ship.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's fifth loss happened during his 23rd mission over North Vietnam on Oct. 26, 1967, when D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's A-4 Skyhawk was shot down by a surface-to-air missile. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain ejected from the plane breaking both arms and a leg in the process and subsequently parachuted into Truc Bach Lake near Hanoi.

"Demands for military information were accompanied by threats to terminate my medical treatment if I [D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain] did not cooperate. Eventually, I gave them my ship's name and squadron number, and confirmed that my target had been the power plant."

When the communist learned that D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's father was Admiral John S. McCain, Jr., the soon-to-be commander of all U.S. Forces in the Pacific, he was rushed to Gai Lam military hospital.

The communist Vietnamese figured, because POW D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's father was of such high military rank, that he was of royalty or the governing circle. Thereafter the communist bragged that they had captured "the crown prince."

For 23 combat missions (an estimated 20 hours over enemy territory), the U.S. Navy awarded D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain a Silver Star, a Legion of Merit for Valor, a Distinguished Flying Cross, three Bronze Stars, two Commendation medals plus two Purple Hearts and a dozen service medals.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain had roughly 20 hours in combat. Since D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain got 28 medals, that equals out to a medal-and-a-half for each hour he spent in combat. There were infantry guys -- grunts on the ground -- who had more than 7,000 hours in combat where I'm sure a prison cell would have looked pretty good to them by comparison. The question really is how many guys got that number of medals for not being shot down.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain has been an unchecked master at manipulating an overly friendly and biased news media. The former POW turned Congressman, turned U.S. Senator, has managed to gloss over his failures as a pilot and collaborations with the enemy by exaggerating his military service and lying about his feats of heroism.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain has sprouted a halo and wings to become America's POW-hero presidential candidate.

Former naval officer and the owner of an OOIIILLLL-trading company that inked defense contracts worth $1 billion is the modern presidential money man. The law forbids high-level supporters from writing huge checks, but with help from friends in the Middle East D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain is receiving large donations.

If FOX NEWS does not clean up it’s filthy RACIST acts of discrimination, then American and European audiences will B O Y C O T T FOX RACIST NEWS.

Barak Obama proved why November's presidential election will end in a 50-state sweep. John Crash Every Plane McCain has no chance. It's like George Bush climbing into the ring with Mike Tyson; one thundering left hook and the Crawford Caligula would be sprawled across the canvas. "No mas"! The same fate awaits the crabby senator from Arizona. The polls are skewed to look like there's a political horse-race going on. There isn't. It's a complete rout. There's one well-toned thoroughbred striding from venue to venue electrifying the ever-increasing throngs, and one doddering, old mare limping towards the glue-factory. Someone should put a stop to it before Crash Every Plane McCain gets hurt.

At the Victory Column in Berlin's Tiergarten, Obama extracted Old Glory from the burn-pile and gave Brand America a desperately needed shot of adrenaline. 200,000 ecstatic Germans jammed the streets in what turned out to be the political shindig of the year. Many of them were waving American flags and chanting, "Obama, Obama, Obama". It was like Jack Kennedy had risen from his moldy sepulcher and made his way across the pond for one last rousing ovation. Obama has the very same affect on crowds. Its a gift and he knows how to use it to great advantage.

"People of Berlin, people of the world, this is our moment, this is our time," Obama boomed. "I know my country has not perfected itself, we've made our share of mistakes and there are times when our actions around the world have not lived up to our best intentions. But the greatest danger of all is to allow new walls to divide us from one another."

What can we say about Obama's oratory skills that hasn't already been said? He is one of those unique characters who knows how to tap into the collective psyche and put them under his spell. He is the closest thing to a Pied Piper we've seen in the last half century. Whatever one thinks of his politics, his speeches are a welcome reprieve from the simian blabbering of President Dimwit.

"I speak to you not as a candidate for president, but as a citizen; a proud citizen of the United States and a fellow citizen of the world." (Roaring applause)

JOHN Crash Every Plane McCain: Maverick or Freak?
Have you taken a look at the crowds at a Crash Every Plane McCain event. Usually, there aren't any. Typically, there are more journalists and cameramen then people; and even they look bored. It's the truth. He generates no enthusiasm at all. None. He may be the most uninspiring, tedious, pure-vanilla candidate of all time; a complete dud. I challenge anyone to recite from memory anything John Crash Every Plane McCain has ever said in his 40 years in office. Time's up! When Crash Every Plane McCain begins to talk, its a signal for women to pull out the nail-files and for men to figure out how they're going to get out of cutting the lawn this week. Really. No one listens.

And the people that do manage to drag themselves to his speeches out of a sense of obligation are (you guessed it) scowling white guys with baseball caps pulled tightly over their ears or nearly-ambulatory Korea-era Vets who think the United Nations is a communist front-group that's planning to air-drop blue-helmets into Duluth to take over the United States. Tin-foil hats anyone?

Popularity and charisma, how does one survive in politics with neither. That's the question, and it may be the biggest mystery of Crash Every Plane McCain's candidacy. He's just not a likable guy. No one ever talks about hanging out and having a beer with John Crash Every Plane McCain, because they know that he might go "Jackie Chan" and start busting the place up. And he's utterly impossible to listen to. His high-pitched squeaky voice is about two octaves higher than a dog-whistle and twice as annoying. So how is he going to beat Obama. It's a total mismatch.

Crash Every Plane McCain is the perfect candidate for the GOP Republic party that has completely collapsed. He's like the "Jolly Roger" on the front of an iodine bottle; Brand X. In 2000, the Republican Party boasted it was the "party of ideas". What ideas? The Republican Party has never had ideas because the corporate mandarins and blue-blooded kleptocrats that run the party are suspicious of ideas, ideology, doctrine, philosophy or anything else that veers from their primary objectives of crushing the poor, despoiling the environment, carpet-bombing brown people wherever they may be, and enriching themselves. That's all they care about. The task of the right-wing think-tanks is to treat "war and tax cuts" like they're ideas. They're not. But war and tax cuts ARE the two foundation blocks of the Republican Party. There's nothing else; there never has been. Don't look for ideas; there aren't any. GOP Republican get rich quick by defrauding the AMERICAN PEOPLE, robbing the National TREASURY, sending American jobs overseas, and raising the national debt.

Hold Bush, Cheney, Rice, and Crash Every Plane McCain accountable for the crimes they've committed during their time in office.

Obama is not a candidate; he's a phenomenon. Obama is an explosive, vital, charismatic politician. When he speaks people feel better about themselves and their country. And, they're more hopeful about the future, too. That's what makes him unbeatable.

Crash Every Plane McCain, on the other hand, is the perfect embodiment of his party; a rusty, broken-down hulk that's been stripped of its engine, its fenders and all its moving parts. Even the steering wheel is gone. It's a dead-loss; nothing is salvageable.

Crash Every Plane McCain is in way over his head. This election is going to be a real embarrassment for him. It's too bad. He should be back at the Phoenix Rest Home shooing kids off the front lawn instead of waiting for the ax to fall in November. It's a rotten way to end a career.


GOP Republican Wall Street SRO (Self Regulatory Organization) Robber Baron Supercapitalism Is Down And Will No Longer Rob the U.S. TREASURY and AMERICAN PEOPLE


GOP REPUBLICAN PLANE/TRAILER WRECK MCCAIN/PALIN FAILIN

With Wall Street OOOIIIIILLLLLL stocks paid under the table to Sarah Palin Failin OOOOIIIIILLLLLL Commissioner from OOOOOIIIIIILLLLLLL Millionaires Crash Every Plane McCain, Bush, Cheney, Rice and Guiliani; it appears that Sarah Palin Failin OOOOIIIIILLLLLL Commissioner, her large family, dogs, cats, chickens, and hogs can now move out of their trailer. Guiliani went from GOP front runner to anonymous polygamist. Guiliani is the biggest joke and shares home dysfunction with Bush, Cheney, Rice, Crash Every Plane McCain and now Sarah trailer Palin Failin OOOOIIIIILLLLLL Commissioner. OOOOIIIIILLLLLLL MILLIONS stolen from Our TREASURY did not help their dysfunctional families.

GOP Republican Wall Street Get Rich by robbing the American TREASURY and outsourcing American jobs party has officially been dissolved. Plane wreck McCrash and Train wreck Trailer Palin Failin OOOOIIIIILLLLLL Commissioners have destroyed the already dysfunctional GOP Republican Party of Corporate Welfare Thieves.

Democrats and Independents are the official parties. Blessings to America and the World for peaceful cooperation and the elimination of unjust wars for GOP profits. The People First Party has arrived and Rich Wall Street millionaires will no longer use the AMERICAN PEOPLE as their cattle. Americans today are all free independent Democratic People in pursuit of happiness in the spirit of cooperation.

“We joined up with an altruistic vision of promoting freedom and justice around the world,” said Vince Emanuel, a Marine lance corporal who did a tour of duty in Iraq from August 2004 to April 2005, explaining why he was marching and protesting the GOP Republican Convention.

“Except we saw the killing of innocent people and the destruction of property ... for a lot of us it was very disenfranchising."

The veterans group tried to hand a message to the campaign of GOP Republican John Crash Every Plane McCain calling for a withdrawal from Iraq, reparations for the Iraqi people, and full medical benefits for veterans. No one from John Crash Every Plane McCain’s campaign received them.


If FOX NEWS does not clean up it’s filthy RACIST acts of discrimination, then American and European audiences will B O Y C O T T FOX RACIST NEWS.


GOP Republican Wall Street SRO (Self Regulatory Organization) Robber Baron Supercapitalism Is Down And Will No Longer Rob the U.S. TREASURY and AMERICAN PEOPLE

Prerequisite for the United Stats President and Vice President is advance degrees, especially in Constitutional Law. D student McCain and hillbilly Palin Failin are excluded from the highest offices in the World. The debates will be fun: Harvard Law vs. Crash Jet and Mudville.

GOP Republican Wall Street Get Rich Quick By Robbing America TREASURY Wild Speculators Created The Enormous National Debt, So Make Them Pay For It And Balance Our Budget.
GOP Republican Wall Street Supercapitalism Speculators Have Committed Treason Against Our Country.


HILLARY RODHAM CLINTON ANGERED BY SARAH PALIN FAILIN’S REMARKS

Posted by: UNITED STATES CITIZENS VERSUS GOP REPUBLICAN SUPER RICH WALL STREET CRIMINALS | September 24, 2008 1:43 PM

Wow, talk about saying some succinctly while aplying EB White’s book of style as a guide. That tome is insane. Jezzzz I have a headache.

Posted by: NYC | September 24, 2008 1:58 PM

Wall Street is behaving just like any gang of thugs.

Scare Main Street into paying protection money "or else!"

The is no emergency! Let this $700 billion dollar "opportunity" slide and watch NOTHING happen!

What? GM will not sell cars? They do their own financing! Bernanke is lying, Paulson is lying, Bush is ALWAYS lying! Why trust any of them in this "crisis?"

American ingenuity will find a way around ALL of the obstacles these US Treasury mafia have presented.

NO BAILOUT TO WALL STREET SCUM!!!!

Posted by: Bush Depression Deepening | September 24, 2008 2:06 PM

The GOP is backing away from this mess. Up to now I have been an Obama fan, now I am really thinking of going with Palin. After seeing what happened with Iraq in the same type of squeeze play if the Demo's are still more worried about the election than about getting this right then its the correct play to back McCain. We will see how this plays out.

Posted by: james nelson | September 24, 2008 2:09 PM

The comment posted by "UNITED STATES CITIZENS VERSUS GOP REPUBLICAN SUPER RICH WALL STREET CRIMINALS" is way too long and I am shocked, and annoyed, that something of that length was allowed to be posted.

Posted by: WTF? | September 24, 2008 2:51 PM

Well lets see…greed, fraud, lies, each man only for himself…(be he banker, buyer, realtor, FDIC chairman, the head of the Treasury, President, politician, each citizen)… Are these things wrong or does each person decide them for himself.....They have resulted in = loss of freedom, people being hurt, anger, disillusionment, confusion, despair, violence,…I don’t think everyone gets to choose…I think if we are to have freedom, hope, peace, people not hurting others, we all have to agree to live by established laws and moral principles….regulation is needed and needs to be enforced as people are not inherently honest, good, considerate of others….My prayers for us all…

Posted by: Jerry | September 24, 2008 3:41 PM

is this a different "plunger" from the Iraq War -- they have WMD's pointed at us and they're mounted on trucks, so we need to shoot first, ask questions later -- that cost $540 Billion (so far, and growing!), or is this a "new and improved version" because it's got a higher price tag on it? aerodynamic design and does it have a "sleep-number cushioned toilet seat" to adjust to the right and left cheek? how much money can it flush in 0-60 seconds? as goldilocks would probably have said, "my goodness! what expensive toilets you have, mr. bear! (bernanke)"

this may very well go into the history books and dwarf the $640 toilet seat controversy. (In 2004 Senator Chuck Grassley (R Iowa) said: "I exposed the spending scandal in the ‘80s when federal bureaucrats saw no problem in spending $600 for a toilet seat . . ."

http://en.wikipedia.org/wiki/Toilet_seat

and the $640* (adjusted for inflation) question here is, "why are the people with the money (bankers, finance experts, etc.) asking money from people on the other side who should be asking money from them? are we living out a scene from the twilight zone here? did somebody switch the channel and we're suddenly in the "bizzare-O" world of finance now?

IMHO there is something disconcerting and fundamentally wrong if i would go to a loan officer of a bank to apply for a loan, filled out the application, and i suddenly find myself in another room and the loan officer asks me instead if i can loan him some money (that i don't have) so that he can buy for me some investments where i could make a lot of money on, but which i've recently learned are not really such a hot item and very risky. as sean connery/james bond in "Goldfinger", would say, "Shocking, terribly shocking!" would be my initial reaction. this would further be unsettling, and considered threatening if he mentioned that the whole community will know if i reject his proposal and i won't have any other chance to get any loan with any other banks and my business and personal life will suffer as a result if i were to "think it over" or develop asthma (ask my wife). what to do, what to do? hmmmm... as homer simpson would say, "what do i tell marge?"

to rephrase the question, if the people who can afford it (buffet, venture capitalists, chinese & japanese banks and investors flush with $14 trillion in assets) are not buying it (toxic waste, aka exotic investments) or buying it piece-meal, so why should the people (aka joe public) who cannot afford and are struggling to eke out a daily existence to make their rental, car, mortgage and credit card payments be encouraged to buy them wholesale?

to put it in layman's terms, if the man with the blue suit, driving a maserati, and an annual income of $XXX million dollars ain't buyin' it for his investors, why should (congress, on behalf of) the man or woman on the street wearing 3-year old shirts, slacks and jeans from SA (salvation army) and WalMart couture, with 2.5 jobs working an average 9-14 hours a day and borrowing money from the payday loansharks to make their rental and mortgage payments be sold on buying and holding these "so-called (exotic) investments" for "future gain"?

according to Arthur Kroeber at economic research company Dragonomics Advisory Services Ltd. in Beijing.'China's made it clear it won't listen to these snake-oil salesmen who come from Wall Street, even if they're wearing suits issued by the Treasury Department,'' he said. ``It's strengthened the hands of all the people who are very skeptical about financial liberalization in China.''

http://www.bloomberg.com/apps/news?pid=20601109&sid=aCl7bFUJzWRk&refer=home

sadly, it's almost the same story as trying to get people in high-priced dilapidated fixer-houses with no money down and a high adjustable interest rate with the "hope and promise" of reselling at a higher price in the near future (1-2 years) , making a profit, and getting a bigger and better house before the need to refinance. yeah, been there, done that! at the time, it seemed like a good plan, but reality creeped in and...then BOOM! rate adjustment kicked up a notch, payments are at least $500/month more, your neighbors are filing bankruptcy and dropping like flies getting zapped by Raid. oops! no more equity, (re-finance) Game Over!

you can tell there is no "real" opposition to the bailout but a question of how much and some so-called details for the benefit and "protection" of joe public. i think congress needs to take a refresher course in negotiating tactics. it's like congress went to a car dealer, and the car dealer has his arm around you and tells you in a very soothing voice, makes a pitch that "you really need this decked out Hummer right now to save your image in the world otherwise you and your family will suffer physically, morally, and emotionally. so, despite the cost of $8/gallon gasoline and the prospect of getting laid-off even if you're two weeks shy of retirement, you haggle on the color and the options and a little on the price, installment payments (sorry, no installments and full price only!) but forget that the real reason you ended up in the dealership is that you were actually just passing by, happy with your little reliable paid-off second-hand subaru, when you saw a bit of commotion in the dealership with two salesmen trying to put out a fire, and one of them went out and called you in and asked if you could somehow help...

so, in the end, politicians will pass the bill anyway, as what happened with the Iraq War because as President Bush has said, "the world is watching!" and,

...as warren buffet, the oracle of omaha said, "I am betting on the Congress doing the right thing for the American public and passing this bill,'' Buffett said on cable channel CNBC today. ``I certainly have a vote of confidence in Goldman and vote of confidence in Congress.''

also because politicians are in reality businessmen who are incapable of severing ties with wall street (despite the moral and ethical hazards). they don't understand the details of the business so they'll rubber-stamp it because buffet and his people have already done their research and looked into it, "...and they said it's OK!, so we're covered". (they'll just drag their feet a little longer, do a little bit of haggling to make it look like they did their own due diligence so that it doesn't look too much of a rubber stamp. wink-wink! ;-)

but then what happens when the american public finally realize and decide they want or more realistically NEED to "walk away" from a bad deal made on their behalf, just as they are now doing with bad home loans just to stay alive? ahhh, so there actually is a sequel to the real "Casino Royale"!

dan

ps.

if lawmakers are truly sincere in their due diligence before passing any (regrettable and irrevocable) approval, they should educate themselves and read at least the following books by derivatives traders who have written extensively on the subject :

Traders, Guns, & Money by Satyajit Das
Blood In The Streets by James Dale Davidson

ps 2

WAIT! STOP THE PRESS!!! if warren buffet is really "...betting on Congress to do the right thing." then we are seriously in trouble because bets are for gamblers and for warren buffet (AKA Mr. Investor) to suddenly turn into a Gambler -- with a capital "G" -- throwing $5 billion to Goldman Sachs with his reputation on the line -- this late in the game,

and alluding spending cash to buy investments properties as synonymous to
pent-up sexual tendencies...

``It's nice to have a lot of money, but you know, you don't want to keep it around forever,'' Buffett said. ``I prefer buying things. Otherwise, it's a little like saving sex for your old age.''

(as austin powers would say, "oh, behave!")

...sounds and looks like yoda is morphing into something we haven't seen. (be careful, he could turn into darth vader anytime soon!)

so, despite what's going on around you and what the master says, it's time to develop your own thought and focus your mind on the essentials, grasshopper!

...and may "The Force" be with you, mr. & ms. congressperson!

Posted by: dan | September 24, 2008 4:54 PM

Stop the bailout. If the banks don't want to lend money, then why not the FED set up a bank and lend money directly to anybody other than finanical institutes????

It is more direct to the solutions and much cheaper, right?

Why buy rubbish from the banks and hope they will lend more money???

Posted by: mmm | September 24, 2008 5:23 PM

Hundreds of thousands of mortgages were sold to illegal immigrants, who could hardly afford the high standard of living in this nation. Incorrigibles brokers fraudulently negotiated loans for homes with little or no cost in moving into a property. Today we have the largest bail out of giant mortgage firms, accelerated foreclosures as illegal alien families unable to pay the escalating mortgages walked away. By flooding the market with unqualified buyers, government bureaucracies have artificially stimulated housing demand, which caused home purchases to explode, leading to the unsustainable housing price bubble that has finally burst.

http://www.familysecuritymatters.org/publications/id.1258/pub_detail.asp Just about anyone can get a "stated income" loan provided one's FICO SCORE is high enough. By lowering the scale enough, Uncle Sam has indeed brought diversity to house ownership. However, at a terrible cost? Now we have a economic rapture, that taxpayers must bailout that has placed the country in almost economic collapse. All in the name of diversity, given to us by greedy corrupted Wall street and tainted politicians. Judicial watch for facts on corruption. Numbersusa to stop this decline in our sovereignty.

Posted by: Brittanicus | September 24, 2008 6:36 PM

Bernanke inherited a Paradiso created by Greenspan.For an Economist to equate plumbing code statutes as the Bush league has buried us for love of Big oil would indicate that Wall Street is the Jealous sister that can no longer wear size two and therefore demands equal billing.Bernankes heartbeats are akin to sands of the treasuries hour glass hence time like sand for the Bush league afflicted has run its course

Posted by: DJ SanDiego | September 25, 2008 12:28 AM

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