Archive for the ‘Crooks and Liars’ Category
LOL America! We Have The Best Government that Money Can Buy…
By the way, I am really curious how much nepotism and cronyism is there in Washington DC?
Last May, as a battle was heating up between Internet companies and Hollywood over how to stop online piracy, a top entertainment industry lobbyist landed a meeting at the White House with one ofPresident Obama’s technology advisers.
The lobbyist did not get there by himself.
He was accompanied by Antoinette C. Bush, a well-connected Washington lawyer who has represented companies like Viacom, Sony and News Corporation for 30 years. A friend of the president and a cousin of his close aide Valerie B. Jarrett, Ms. Bush has been to the White House at least nine times during his term, taking lobbyists along on a few occasions, joining an invitation-only forum about intellectual property, and making social visits with influential friends.
At the same time, she and her husband, Dwight, have donated heavily to the president’s re-election effort: Mr. Bush gave $35,800 on the day of his wife’s White House meeting last year, and Ms. Bush contributed the same amount a month later. In November, they hosted a $17,900-a-plate fund-raiser at their home, where Mr. Obama complained that the nation’s capital should be more “responsive to the needs of people, not the needs of special interests.” (LOL was he sober when he said that?)
In fact the things are getting worst…
Two years after President Barack Obama vowed to eliminate the danger of financial institutions becoming “too big to fail,” the nation’s largest banks are bigger than they were before the nation’s credit markets seized up and required unprecedented bailouts by the government.
Five banks – JPMorgan Chase & Co. (JPM), Bank of America Corp. (BAC), Citigroup Inc., Wells Fargo & Co. (WFC), and Goldman Sachs Group Inc. — held $8.5 trillion in assets at the end of 2011, equal to 56 percent of the U.S. economy, according to central bankers at the Federal Reserve.
That specter is eroding faith in Obama’s pledge that taxpayer-funded bailouts are a thing of the past. It is also exposing him to criticism from Federal Reserve officials, Republicans and Occupy Wall Street supporters, who see the concentration of bank power as a threat to economic stability.
As weaker firms collapsed or were acquired, a handful of financial giants emerged from the crisis. Since then, JPMorgan, Goldman Sachs and Wells Fargo have continued to grow internally and through acquisitions from European banks, reeling from government austerity measures related to the rising cost of public debt in Greece, Spain, Portugal, Ireland and Italy.
The industry’s evolution defies the president’s January 2010 call to “prevent the further consolidation of our financial system.” Embracing new limits on banks’ trading operations, Obama said then that taxpayers wouldn’t be well “served by a financial system that comprises just a few massive firms.”
But, but, but, wait a minute! ….Didn’t they pass the Dodd- Frank Wall Street Reform and Consumer Protection Act to deal with the too big to fail banks?
Oh- yeah they did.
So, what did the government incompetent bureaucratic achieved?
Here you go…
Regulators have written only 185 of the expected 400 rules. But those 185 rules are expected to cost the private sector more than 24 million man-hours each year to comply.
The tracker has also found that those 185 rules take up more than 5,300 pages.
….let’s just get it down to the community banker — the person that loans money to most of the small businesses in our country,” Neugebauer said in a phone interview. “We’ve had a few community bankers come in here and say, ‘you know, they’re hiring a lot more compliance officer than they are loan officers.’ That is increasing the cost of banking and, ultimately, they have to charge higher interest rates and higher fees.”
The ordinary people got f@cked again…
Be sure to watch to the end. Explains in part why we are in such a mess now.
The crooks and liars got legit one way or another…The rest of the American people… well sucks to be us.
It seems, that the majority of our society is already dumbed down way too much to figure out how to stop their reign over us.
Yep, we let all the politicians, crony capitalists, banksters, the “exceptional intellectuals”, and corrupted bureaucrats to control and screw our and our kids lives.
BTW after watching the video just think of who is going to pay for the “mistake” of underestimating the cost of Obamacare with almost a TRILLION DOLLARS.
And who is going to be held accountable for such a HUGE number? For sure not the a$$#@!*s who passed that thing into law…
And since when a project that the government handles cost as much as it was planned?
The CBO would have done a better estimation by multiplying everything by factor of at least X5
Who had interest of passing that law? The common man? Um hum…
Or are they the same people who had interest of installing the naked scanners at the airports, or got the bank bailouts because they were sure they knew what they were doing BETTING billions of dollars, or start green businesses so they were to get millions in grants, or the politicians that deliberately made us debt slaves by giving to their friends our money?
Or all of the above?
Step by step the elite and their puppets are legitimizing their crimes against the rest of us.
Ehhhhhhhhhh, what do they care….. After them …the deluge…
Obama’s Top Campaign Bundlers Among State Dinner Guests (after the jump there is a list with names and companies)
The list include Hollywood producer Harvey Weinstein, Vogue editor-in-chief Anna Wintour, media mogul Fred Eychaner, Pfizer executive Sally Susman, Stoneyfield Farms president and CEO Gary Hirschberg, and Microsoft executives Suzi Levine and John Frank. Several have each raised more than half a million dollars for 2012, according to estimates provided by Obama’s campaign.
……Money Can Buy
Reinforcing the fact that Chris Dodd really does not get what’s happening, and showing just how disgustingly corrupt the MPAA relationship is with politicians, Chris Dodd went on Fox News to explicitly threaten politicians who accept MPAA campaign donations that they’d better pass Hollywood’s favorite legislation… or else:
“Those who count on quote ‘Hollywood’ for support need to understand that this industry is watching very carefully who’s going to stand up for them when their job is at stake. Don’t ask me to write a check for you when you think your job is at risk and then don’t pay any attention to me when my job is at stake,”
The public has started a petition asking the White House to investigate comments made by MPAA CEO Chris Dodd a few days ago on Fox News. Closing a tumultuous week of wide protest against PIPA and SOPA – two MPAA backed anti-piracy bills – Dodd threatened to stop the cash-flow to politicians who dare to take a stand against pro-Hollywood legislation. Clear bribery, the petition claims, and already thousands agree.
Here is a LINK TO THE PETITION
BTW this is the same Dodd that got mortgage with far bellow market interest rate from Countrywide. Countrywide gave preferential rates to ‘friends’ of company’s chairman
From CBS News
The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama’s watch.
The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion.
It’s the most rapid increase in the debt under any U.S. president.
The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama’s four-year term.
Mr. Obama blames policies inherited from his predecessor’s administration for the soaring debt. He singles out:
- “two wars we didn’t pay for”
- “a prescription drug program for seniors…we didn’t pay for.”
- “tax cuts in 2001 and 2003 that were not paid for.”
Still blaming the others for his mistakes….
Just look at what waste of money was the stimulus plan…. Whoever asked to get free money from the government to “create” jobs was given the money and never accounted for what they did with them….