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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
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The Decade When the U.S. Lost Its Way Where Have All the Neocons Gone? From Neocons to Crazy-Cons America Builds an Aristocracy Supreme immodesty: Why the justices play politics The Biggest Medicare Fraud Ever Enough Right-Wing Propaganda 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
Distortions, Hypocrisy & More "I'm not upset that you lied to me; I'm upset that from now on I can't believe you" Friedrich Nietzsche [Hover to Pause]
Another financial crash is looming, and Goldman Sachs is leading the way. [...]
Liberals are attacking the wrong person on financial regulation. Feingold tried to protect the taxpayer. It was the other Democrats who caved in to Wall Street and Republicans. [...]
The crowd who wants to do away with Fannie and Freddie are the same one’s who think only Wall Street should prosper. [...]
Other happenings this week. [...]
“Too Big To Fail” banks have killed efforts to reduce them to “Small Enough To Fail”. [...]
The real bargining on financial reform is different than is being splashed across the main stream media. [...]
An opportunity for the people to be truly heard. Will the news media and lawmakers actually listen? [...]
February 27, 2010
Short Post - Quoted from an article written by the U.S. Secretary of Education
Under current law, taxpayers provide as much as $9 billion each year to subsidize guaranteed student loans issued by banks. The banks earn profits on the interest; if students default, taxpayers take the loss, not the banks. In other words, working Americans pay while bankers get rich.
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