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GreenScam: How Tax Favored Foundations Get Taxpayers to Bend Over
A tyrant’s dream. Meanwhile government monopoly media extolled the virtues of TARP, even calling HP a national hero.
http://blogs.wsj.com/deals/2008/10/15/mean-street-hank-paulson-national-hero/tab/print/
Alabama Republican Spencer Bachus called TARP a gun to our head;[61] a fear-inflicting policy of the administration to stifle proper debate and affect decision.
The Paulson plan will not bring a stop to the slide in home prices. But the Paulson plan will spend 700 billion taxpayer dollars to prop up and clean up the balance sheets of Wall Street. This massive bailout is not a solution. It is financial socialism and it’s un-American, said Sen. Jim Bunning, R-Ky.[86][87]
Senator Sherrod Brown said he got 2,000 e-mail messages and telephone calls a day, roughly 95 percent opposed.[82]
As of Thursday September 25, Senator Dianne Feinstein’s (D-Calif.) offices had received a total of 39,180 e-mails, calls and letters on the bailout, with the overwhelming majority of constituents against it.[75]
More than 1,000 protesters gathered near the New York Stock Exchange along with labor union members organized by New York Central Labor Council.[74][75]
http://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008
HP threatened the President and both Houses of Congress with Financial Armageddon to pass TARP in a hurry on 3 October 2008 without reading it.
TARP cost every working American around $5000, plus lost wages from crowding out real jobs.
TARP/EESA had more than a few surprises, like guaranteeing The Fed for $20 Billion and spending $50 Billion on Urban Infrastructures.
Then the Fed, President and Treasury switched horses in midstream.
May 26th, 2010 at 2:40 pm
A theory like this one seems impossible to fathom. Is the government doing whatever is necessary to maintain calm among the population after these speculations aboutthe end of the world? If this theory is accurate, we wonder who the people who are on the list will be.