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My god there is so much to write about that I really don’t know where to start or what to write, about so I am going to have to decide this with a flip of a coin so I will be right back. Well it was tails and as the saying goes tails never fails, so today’s target is none other than everyone’s favorite tax cheat Tiny Tim (Turbotax) Geitner.
Geitner really is an easy target though, because he has all of the personality, charisma, and intelligence of a pet rock. There is also the fact that he knew about things like the AIG bonuses way before he said he did. There is even a rumor floating around that he was involved in some way with AIG before they even received their first bail out.
Of course I don’t promote rumors I just report the facts and you can decide for yourself. That is why we are going to address a couple of other things that Tiny Tim is up to that I can substantiate with facts today.
One of these things is the administration and Geitners attempt to gain authority over any business they deem a risk to the economy simply by saying they may be in jeopardy and the other is the new global currency plan he favors with China.
On the subject of Geitner gaining the authority to take over a major corporation based simply on the notion that they might be in financial trouble and could wreak havoc on the economy is simply not a good idea. If this law is passed it would mean that he could take any business he wanted to without any checks and balance system in place to make him prove his position with regard to the company.
He would be able to take over a business that is operating profitably, creating jobs, and stimulating the economy for the benefit of the government. This would give the government ownership control of the business and its profits. He would not even have to prove his position, which would put any business in the bad position of losing its autonomy.
These businesses would not even being able to defend themselves against what would in reality be a hostile takeover by Geitner and the US government. The next thing you know all financial, transportation, and healthcare business would be the exclusive province of Uncle Sam and we will be on the road to the point of no return, and the same also applies if Geitner and the administration manage to globalize our currency.
The globalization of all currency as proposed by the Chinese government and supported by Tiny Tim would be another step to take us down the road to socialism. This would ultimately devalue US currency down to the level of at least 2nd world nations such as China and Russia, and maybe even lower if the global recession continues on a downward spiral.
The effect of this on our economy would truly be catastrophic to. Prices on all sorts of items like foodstuffs, gasoline, and homes would skyrocket out of the tax payers reach. Our export markets would shrivel up, while at the same time making it all but impossible to import items to the US because the cost of transporting them here would be beyond our abilities.
Our current administrations policies towards dealing with our economy are so far to the left that even those who are openly European Socialists have said that Obama and his party’s plans for our economic recovery is the road to hell. Now I don’t know about anybody else but when those people make that distinction about our President it worries me greatly.
That is all I have to say for now and I hope you all have a fantastic day. I will be back again tomorrow, CIAO4NOW!!!!!
Welcome to all of you to the Simple Man Politics T.G.I.F. post, and I’m going to try to make this one short and sweet…..hopefully so bear with me please.
Today I want to talk about the bailout, the companies bailed out, and who exactly is responsible. This really is not all that complicated an issue, you just have to look at who was and currently is responsible for keeping an eye on the banks and lending institutions where the problems started and the answer as to who is responsible is right in front of our faces every day.
We all know that this whole mess started with the housing market tumbling into the crapper. Freddy Mac and Fanny Mae getting involved in the sub-prime mortgage business and being forced to make those loans to people who could not afford to pay the mortgages they were given. Of course there was plenty of warning that these two governmentally created and sponsored companies were in trouble but those responsible just blew it off and said there was no trouble there.
When Freddy and Fanny fell that of course caused a domino effect that ran the financial markets, banks, and mortgage industry that was almost so catastrophic that recovery appeared all but impossible. Investment companies like Lehman Brothers and banks such as Citigroup and Bank of America found themselves with virtually no cash or assets to finance their businesses because of their involvement in the sub-prime crisis as well.
The people who are responsible for this mess are at the heart of the problem still and in charge of these companies even as we attempt to prop up these companies along with the big three auto makers who have found themselves incapable of selling their cars due to a frozen credit market. Of course there is also AIG who just can’t seem to get their act together and are constantly tripping themselves in the public eye.
While you can point the finger at both houses of congress and the Democrats in particular there are only two people who were responsible for keeping Freddy and Fannie on the straight and narrow. However they had no interest in doing so because they profited the most from campaign contributions and the like from those two failed entities. I am talking about Chris Dodd and Barney Frank.
Senator Chris Dodd (D) did then and currently still chairs the Senate Banking Committee in the upper house. Representative Barney Frank (D) during this whole fiasco chaired the House Financial Services Committee and is still in that position. These two crooks profited from hundreds of thousands of dollars in contributions to their campaign coffers from Fanny and Freddy.
These two criminals were also instrumental in forcing Fanny and Freddy along with other banks to make bad loans to people who couldn’t afford to pay those loans back even though these corporations didn’t want to do business that way. All of this under the guise of the Community Reinvestment Act although all it really was about was the greed of these two, organizations like ACORN, and their sleazy cohorts that ran some of these businesses.
So the next time you see the liberal media sounding off in mock indignation about who is responsible just remember Dodd and Frank. I’m sure that the Obama administration and Turbo tax Tim Geitner may be responsible for some things now, but Dodd and Frank were responsible then and they still are now. These two should at least be investigated and at the most be stripped of their chairmanships and prosecuted.
Well so much for short and sweet. I will be back next week and I hope you all have a fantastic weekend CIAO4NOW!!!!!
