Hover to Pause. Click Image for Larger Size.
Hover to Pause
WHEN BEFORE AFTER January 20, 2009 $10,838,758,414,164.46 - ↑90% Discretionary Spending at 48.6% January 20, 2001 $5,719,124,940,098.04 - ↑ 36%January 20, 1993 $4,192,107,025,882.17 - ↑ 62%January 20, 1989 $2,601,104,000,000.00 - ↑ 189%January 20, 1981 $909,041,000.000.00 Click Image for Full SizeDebt by President Are You A Tea Party Hyprocrite ?? (Click for Debt Details )
United States of Corporations
Quotes and Links Hover to Pause (Look for the
The Decade When the U.S. Lost Its Way Tax Rate for Richest 400 Taxpayers Plummeted in Recent Decades, Even as Their Pre-Tax Incomes Skyrocketed "The financial reform bill will determine whether Wall Street’s banks will serve the American economy or whether the American economy will continue to serve Wall Street's banks." "While the economy doesn't function for most of us ordinary workers, it yields considerable reward for those at the top." Republicans Are Locked in a Passionate Embrace with a Corpse and Won't Let Go "The most important thing Republicans think is that if there are Americans who can't afford the insurance policies that private insurers are willing to offer, then that's their problem." "It should tell you everything you need to know that, in lobbying to retain its bank supervisory powers, the Fed's allies include the big Wall Street banks." "[Texas Republican Jeb] Hensarling told a Texas-size whopper — and then tried to claim Republican credit for Bill Clinton’s budget surpluses." "The Supreme Court's 5-to-4 decision last week giving American corporations the right to unlimited political spending was an astonishing display of judicial arrogance, overreach and unjustified activism." "It was wrong because nothing in the First Amendment dictates that corporations must be treated identically to people." "They backed the truck up to Fort Knox in broad daylight. They emptied it out, we rescued them and they get $150 billion in bonuses." "A huge, unregulated boom in which almost all the upside went directly into private hands, followed by a gigantic bust in which the losses were socialized." So You Just Squandered Billions . . . Take Another Whack at It Banks 'Too Big to Fail' Have Grown Even Bigger Bankers' bonuses Beat Earnings as Industry Imploded U.S. Rescue May Reach $23.7 Trillion The Bank Bailouts — Corporate Welfarism New Evidence Cheney Swayed Reaction to Leak - Valerie Plame Once Again, The More You Watch Fox The Dumber You Are "Over the past year, the Federal Reserve and the Treasury have injected trillions of dollars into frozen financial markets, snapping up unwanted bonds, extending guarantees to banks and slashing interest rates." Building a Better Capitalism The End of Supply Side Economics The Great Wealth Transfer The Richer Who Rules America? Power, Politics, and Social Change Proponents of Estate Tax Repeal Are Resurrecting Old Misconceptions Income Gaps Between Very Rich and Everyone Else More Than Tripled In Last Three Decades Ending Plutocracy: A 12-Step Program Our Gilded Age The Rich and the Rest of Us GOP's "Small Government" Talk is Hollow
This Week's Quotes (5)(Hover to Pause)
Dear Corporate America: Your taxes are NOT being raised. Your subsidy has expired! - The Old Man"If we cannot as a nation move away from ideologically stimulated tribal warfare and scapegoating, we are in for a very unpleasant future" – Retired Army Gen. Montgomery Meigs “For big business to now claim that the government is ‘anti-business’ is like the umpire complaining about how badly his game was refereed” – Kathryn Kolbert “Rather than ‘all for one and one for all,’ the United States’ business leaders have adopted more of a ‘one for one and all for me’ approach, detrimental to our country's economic recovery” – Amy L. Fraher “Corporate executives excuse their inexcusable refusal to hire more workers and invest in new products and technologies with the tired old saw that it’s all the government’s fault. The Wall Street financial crisis has brought the economy to its knees and now the corporate sector has the audacity to blame government for the catastrophe?” – Elizabeth Sherman
Will the two major political parties tell us in writing what they intend to do if put in charge of Congress, or will they just try to point out to us what we already know – that neither of them are fit to govern? [...]
Note: Due to post format, links will open in a new window.
CORRECTION: The Old Man quoted Goldman Sachs earning $550 million in just three days, when in fact it takes about 2 weeks for Goldman to earn those kinds of profits . Sorry for the error.
July 17, 2010
There’s been much ado about the recent $550 million fine the Securities and Exchange Commission imposed on Goldman Sachs for lies and omissions about the ABACUS 2007-AC1 subprime mortgage derivatives. Goldman cost investors more than $1 billion while making a very tidy profit themselves, but not as much as the man who designed the derivatives package for Goldman. John Paulson made $1 billion off the scam. Goldman called the fine “a major victory” for them. And rightly so. First, everyone, including Goldman, was expecting a $1 billion fine (God bless the SEC). Second, the actual fine still leaves Goldman with profits from the scam. Third, $550 million is what Goldman makes in about three days. And finally Goldman got off without any fraud charges being filed against them. I have no doubt Lloyd Blankfein and his cronies had a huge Champaign party Wednesday night celebrating their biggest victory since they ripped off taxpayers in 2008. It’s great to have friends in high places.
Continue Reading » »
What else happened during the week of June 5, 2010 [...]
John Roberts and those who support him want to lead us down a path to eventual slavery where only the wealthy prosper and the rest exist only to serve them. [...]
Once again, the hypocrisy of the tea party (and the voters) come gallaping forward. [...]
How much money will be contributed to the 2010 Congressional campaign? [...]
Exactly where is the great “throw the bums out” revolution? It’s not at the voting booths! [...]
Health Care Reform is over, but why isn’t this getting more press?? (Click Image for Live Copy) Related Article Subscribe Click The Old Man ToEmail Him
The Old Man’s Political Compass
Listings)
Myspace Layouts
