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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
April 15, 2010
The current recession in the U.S. was officially declared in December 2008 , retroactive to December 2007. This declaration was made three months after ex-Federal Reserve Chairman Henry Paulson and President George W. Bush told the country they needed $700 billion to bail out Wall Street. In less than a week the money was granted and Paulson started handing out the money. The recession was over for Wall Street Bankers before it was even acknowledged.
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Will Washington Mutual’s executives evade the law or will our lawmakers finally show some guts and properly punish them? [...]
Greenspan’s “testimony” is simply the latest contribution for completely exonerating Wall Street of any responsibility for the crisis. Many more will come. [...]
March 22, 2010
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The Old Man’s question is will anyone at these two companies be held responsible? [...]
March 13, 2010
Steven Pearlstein published his reviews today of the latest book on the financial crisis. Sounds like the most qualified of all books written on the crisis. I will read it. Meantime, I will leave you with only some comments from Pearlstein.
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Recovery is going to be substantially set back by the same people with the same greed that brought us to this point. [...]
Just how big will the attack against Eric Holder be for his efforts to punish those Wall Street bankers who deliberately led us into chaos? [...]
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
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