Jubilee Prosperity

This means we may be on a vicious cycle of debt and default-driven deflation and depression, where each additional dollar of government spending or debt contracts the economy further.

Bailouts, pork barrel stim and government healthcare by Obama became a massive monument to government budget busters, bureaucracy and business takeovers, rather than an intelligent plan for economic recovery with jobs.

Government has too long provided primary illustrations of blowback and the laws of unintended consequences. The Patriot Act took away Consitutional Rights. The National Recovery Act put is onto a deeper hole.

No one wants the people who gave us the Fed, IRS and Post Office to run Healthcare, particularly with a bill that was released Thursday with new taxes and has not been widely read or vetted by We the People.

Nowhere do we see this more clearly than with recent Treasury Secretaries who went to Dartmouth. The previous Treasury Secretary did not pay taxes on the sale of $480 million of Goldman Sachs stock. The current Treasury Secretary was appointed despite a tax scandal regarding his International Monetary Income. He in fact received a loan from the IMF to pay his taxes and did not.

http://en.wikipedia.org/wiki/Henry_Paulson

Both Bush and Obama Administration Treasuries promised the Big Bank TARP Bailouts and Pork Barrel Spending would not only save an economy going over the cliff, but prevent 10% unemployment.

It is quite clear to most Americans out of work and money the Obama Administration was wrong.

Texas US Representative Brady took the opportunity to ask Treasury Secretary Timothy Franz Geithner if he is prepared to step down because of Wall Street Cheating and failures from at least the time he was New York Federal Reserve President?

Geithner, whose father worked with Obama’s mother in Indonesia, worked for Henry Kissinger and the Council on Foreign Relations. He became New York Federal Reserve President in 2003 with a salary of $398,200. Mr Geithner’s response of omission to the serious question was chilling.

http://en.wikipedia.org/wiki/Timothy_Geithner

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This entry was posted on Sunday, November 22nd, 2009 at 6:29 pm and is filed under Money doctor and Counselor. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.