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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
Improving views of health care; bankers income versus unemployment; bankers pay packages; and the IRS stonewalling whistleblowers. [...]
January 20, 2010
The Facts
Yesterday Citigroup reported its profits (in this case, losses) for the final quarter of 2009. They lost $7.6 billion. That brings them to a total loss of $1.6 billion for 2009. But that’s not stopping them from handing out more mega-bonuses, although they’re still not able to pay all of the TARP funds back, or any of the money “borrowed” from the Federal Reserve.
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Anxieties of a firnancial firms’ bonus meeting. [...]
January 4, 2010
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These guarantees by the FDIC, using taxpayer money, seems to be a subject that everyone wants running under the radar. The only money regularly talked about is the TARP money, and how Citigroup is “paying-it-back”! [...]
The following are some recent articles and/or post I believe are worthy of reading. I found the first two particularly interesting in light of my post earlier today.
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Health Net Inc. has a new way – or is it the same old way – of making profits. [...]
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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