Post by Email Submitter on Nov 15, 2008 13:00:51 GMT -5
CORRUPTION CORRUPTS ABSOLUTELY
NOT BLUE STATES AND RED STATES BUT ONE PEOPLE UNITED IN THE UNITED STATES OF CORRUPTION
lawrencehoule@yahoo.com
There is a famous saying - “Absolute Power Corrupts Absolutely” to which we can now add - CORRUPTION CORRUPTS ABSOLUTELY.
On election night, a tsunami blew through the corridors of Congress far more powerful then the one that hit Indonesia - a tsunami of sheer relief at the election of Obama - the corrupt Washington establishment candidate. Not only were Democratic Congressmen jumping up and down with joy but behind closed doors Republicans were no less joyful. The burning question of the day concerning any Bradley effect, the accuracy of the polls had been answered.
Obama had won and Congress could now rest easy. The nightmare of McCain/Palin cleaning up the corruption of Washington/Wall Street had been decisively averted. There will be no Special Prosecutors with hundreds of US Attorneys unleashed to prosecute the corrupt Congressmen who had taken bribes from Freddie Mac and Fannie Mae and dozens of Wall Street firms and hundreds of lobbyists to ensure no oversight or interference.
There will be no Special Prosecutor investigation into:
Barack Obama and the $123,000 he received from Fannie and Freddie and 1 billion in earmark schemes
Chris Dodd - Banking Committee Chairman
Barney Frank - Chairman of the Financial Services Committee
Dozens and dozens of Democratic congressmen and the bribes they received from Fannie, Freddie and Wall Street
No investigation into the infamous gang of 17 Republicans who were given by Fannie and Freddie, a secret slush fund of $2.5 million to secretly obstruct the bill that Senator Chuck Hagel and McCain proposed in 2005 to reform Freddie and Fannie.
All the other Republican Congressmen and the bribes they received from Fannie, Freddie and Wall Street
No special prosecutor to investigate and prosecute the CEO’s of Wall Street.
The greatest financial disaster in World History since 1929 (and if it turns out not to be a repeat of 1929 then definitely the Son of 1929) has been caused not by an economic adjustment, not by business cycle correction, not by high energy prices, but by massive greed and corruption. This was not a disaster that had to happen.
Last Tuesday - good was destroyed by the bad and the ugly - honesty by corruption.
The culture of corruption in Washington has been institutionized and made a way of life.
The earmark schemes so instrumental in the creation of this culture of corruption that has lead to this financial collapse will continue and grow unabated. Earmark projects are corruption incarnate. Obama had $1 billion dollars worth of earmarks. This is CORRUPTION RUN AMUCK. This money goes to political cronies in return for support and donations, relatives, family members. We are in this financial mess because of this kind of corruption. It created a culture of corruption that lead to the Wall Street debacle. Barrack Obama is at the very center of this CULTURE OF CORRUPTION. As already stated - he was the WASHINGTON ESTABLISHMENT CANDIDATE. Billions of dollars of hard earned tax payer money FLUSHED DOWN THE TOILET BOWL OF POLITICAL CORRUPTION.
In order to create a PERMANENT DEMOCRATIC PARTY MAJORITY leading to ONE PARTY RULE - ACORN will become an instrument of the Democratic Party to mobilize an army of supporters. Barrack Obama gave $800.000 to ACORN. In Chicago, Obama was involved in training ACORN activists to go to the HOMES OF BANK PRESIDENTS AND THREATEN THEM IF THEY DID NOT GIVE OUT FRAUDELENT LOANS THAT COULD NEVER BE REPAID. ACORN tried to steal this election by fraudulently registering thousands and thousands of voters throughout this country - registering everything from dead people to cats, dogs, Mickey Mouse. THIS IS CORRUPTION. Obama has a long and illustrious relationship with ACORN. Incredibility - ACORN leader Wade Rathke was in the Weather Underground along with Bill Ayers.
In the rescue package of $700 billion just passed by Congress, the Democrats tried to include $500,000,000 for ACORN but it was stopped. ACORN will now receive the $500 million. With this money, ACORN will establish a nationwide network of thousands of community organizers and working under the guidance of these organizers - thousands and thousands of foot soldiers - the People’s Militia that Obama wants to form. Taxpayer money will pour into the streets to buy their absolute loyalty. This will allow Obama to control through largesse the destiny of millions totally dependent on the jobs handed out by the Community Organizers and Militia leaders. All these millions will be educated in the education of anti ?quot; capitalist, revolutionary politics.
As a second part of their strategy to create, A PERMANENT DEMOCRATIC PARTY MAJORITY leading to ONE PARTY RULE - Obama and the Democrats will FAST TRACK CITZENSHIP FOR ALL 12 to 20 million illegal immigrants. And all those who will pour into the US to share in the new STATE WELFARE STATE. This will happen immediately. ACORN will organize and ensure their loyalty.
By refusing to honor his agreement made to McCain and the American electorate to accept public financing, Obama bought the Presidency. The McCain- Feingold reform imperfect as it was, at least made an attempt to take money and hence corruption out of Presidential politics. By swamping the elections with money, Obama has institutionzed corruption making a farce out of democracy and the democratic principal of free and fair elections.
Last Tuesday, the electorate sold its soul for the equivalent of 1 McDonald hamburger, fries and coke. Even the lowest prostitute late on a Friday night would receive the monetary equivalent of 3 McDonald’s hamburgers, fries, cokes.
It was reported today that $5 trillion has been dispersed so far by the Fed. That’s $5,000,000,000,000.00 This does not include the auto industry, American Express. and the 1000 other industries that will now run to Washington for their handouts. There is no accountability or oversight of these trillions allowing for even greater looting and pillaging of public funds.
Here are some truly alarming figures concerning the true state of world economy. They will guarantee that you will not sleep well this weekend.
1. Before the Financial Crisis started, there were $586 trillion in toxic, mortgage-backed securities called Derivatives ($182 trillion in the US and $404 trillion in the rest of the world, mainly Western Europe.) Thus, you can see that it is not just a US problem.
2. Both the corporate America and the American consumer leveraged credit to the max, with a total bill of $20 trillion outstanding.
3. Fannie Mae & Freddie Mac extended mortgage loans to anyone with a pulse, and ended up holding the bag on $14 trillion in such mortgages.
4. If you add up Federal deficit spending, Social Security, Medicare, MedicAid, etc. you end up with a Federal debt of $60 trillion or 4.32 times the size of the $13.9 trillion GDP.
5. As the economy goes south and the Middle Class is max out of income and credit, they dip into their retirement funds, to the tune of $400 billion from 401 K accounts, in the form of loans. This affects the stock market, as assets must be liquidated for cash.
Don't be surprised if a bankruptcy sign is hung outside the White House with a foreclosure notice from the Chinese Government.
NOT BLUE STATES AND RED STATES BUT ONE PEOPLE UNITED IN THE UNITED STATES OF CORRUPTION
lawrencehoule@yahoo.com
There is a famous saying - “Absolute Power Corrupts Absolutely” to which we can now add - CORRUPTION CORRUPTS ABSOLUTELY.
On election night, a tsunami blew through the corridors of Congress far more powerful then the one that hit Indonesia - a tsunami of sheer relief at the election of Obama - the corrupt Washington establishment candidate. Not only were Democratic Congressmen jumping up and down with joy but behind closed doors Republicans were no less joyful. The burning question of the day concerning any Bradley effect, the accuracy of the polls had been answered.
Obama had won and Congress could now rest easy. The nightmare of McCain/Palin cleaning up the corruption of Washington/Wall Street had been decisively averted. There will be no Special Prosecutors with hundreds of US Attorneys unleashed to prosecute the corrupt Congressmen who had taken bribes from Freddie Mac and Fannie Mae and dozens of Wall Street firms and hundreds of lobbyists to ensure no oversight or interference.
There will be no Special Prosecutor investigation into:
Barack Obama and the $123,000 he received from Fannie and Freddie and 1 billion in earmark schemes
Chris Dodd - Banking Committee Chairman
Barney Frank - Chairman of the Financial Services Committee
Dozens and dozens of Democratic congressmen and the bribes they received from Fannie, Freddie and Wall Street
No investigation into the infamous gang of 17 Republicans who were given by Fannie and Freddie, a secret slush fund of $2.5 million to secretly obstruct the bill that Senator Chuck Hagel and McCain proposed in 2005 to reform Freddie and Fannie.
All the other Republican Congressmen and the bribes they received from Fannie, Freddie and Wall Street
No special prosecutor to investigate and prosecute the CEO’s of Wall Street.
The greatest financial disaster in World History since 1929 (and if it turns out not to be a repeat of 1929 then definitely the Son of 1929) has been caused not by an economic adjustment, not by business cycle correction, not by high energy prices, but by massive greed and corruption. This was not a disaster that had to happen.
Last Tuesday - good was destroyed by the bad and the ugly - honesty by corruption.
The culture of corruption in Washington has been institutionized and made a way of life.
The earmark schemes so instrumental in the creation of this culture of corruption that has lead to this financial collapse will continue and grow unabated. Earmark projects are corruption incarnate. Obama had $1 billion dollars worth of earmarks. This is CORRUPTION RUN AMUCK. This money goes to political cronies in return for support and donations, relatives, family members. We are in this financial mess because of this kind of corruption. It created a culture of corruption that lead to the Wall Street debacle. Barrack Obama is at the very center of this CULTURE OF CORRUPTION. As already stated - he was the WASHINGTON ESTABLISHMENT CANDIDATE. Billions of dollars of hard earned tax payer money FLUSHED DOWN THE TOILET BOWL OF POLITICAL CORRUPTION.
In order to create a PERMANENT DEMOCRATIC PARTY MAJORITY leading to ONE PARTY RULE - ACORN will become an instrument of the Democratic Party to mobilize an army of supporters. Barrack Obama gave $800.000 to ACORN. In Chicago, Obama was involved in training ACORN activists to go to the HOMES OF BANK PRESIDENTS AND THREATEN THEM IF THEY DID NOT GIVE OUT FRAUDELENT LOANS THAT COULD NEVER BE REPAID. ACORN tried to steal this election by fraudulently registering thousands and thousands of voters throughout this country - registering everything from dead people to cats, dogs, Mickey Mouse. THIS IS CORRUPTION. Obama has a long and illustrious relationship with ACORN. Incredibility - ACORN leader Wade Rathke was in the Weather Underground along with Bill Ayers.
In the rescue package of $700 billion just passed by Congress, the Democrats tried to include $500,000,000 for ACORN but it was stopped. ACORN will now receive the $500 million. With this money, ACORN will establish a nationwide network of thousands of community organizers and working under the guidance of these organizers - thousands and thousands of foot soldiers - the People’s Militia that Obama wants to form. Taxpayer money will pour into the streets to buy their absolute loyalty. This will allow Obama to control through largesse the destiny of millions totally dependent on the jobs handed out by the Community Organizers and Militia leaders. All these millions will be educated in the education of anti ?quot; capitalist, revolutionary politics.
As a second part of their strategy to create, A PERMANENT DEMOCRATIC PARTY MAJORITY leading to ONE PARTY RULE - Obama and the Democrats will FAST TRACK CITZENSHIP FOR ALL 12 to 20 million illegal immigrants. And all those who will pour into the US to share in the new STATE WELFARE STATE. This will happen immediately. ACORN will organize and ensure their loyalty.
By refusing to honor his agreement made to McCain and the American electorate to accept public financing, Obama bought the Presidency. The McCain- Feingold reform imperfect as it was, at least made an attempt to take money and hence corruption out of Presidential politics. By swamping the elections with money, Obama has institutionzed corruption making a farce out of democracy and the democratic principal of free and fair elections.
Last Tuesday, the electorate sold its soul for the equivalent of 1 McDonald hamburger, fries and coke. Even the lowest prostitute late on a Friday night would receive the monetary equivalent of 3 McDonald’s hamburgers, fries, cokes.
It was reported today that $5 trillion has been dispersed so far by the Fed. That’s $5,000,000,000,000.00 This does not include the auto industry, American Express. and the 1000 other industries that will now run to Washington for their handouts. There is no accountability or oversight of these trillions allowing for even greater looting and pillaging of public funds.
Here are some truly alarming figures concerning the true state of world economy. They will guarantee that you will not sleep well this weekend.
1. Before the Financial Crisis started, there were $586 trillion in toxic, mortgage-backed securities called Derivatives ($182 trillion in the US and $404 trillion in the rest of the world, mainly Western Europe.) Thus, you can see that it is not just a US problem.
2. Both the corporate America and the American consumer leveraged credit to the max, with a total bill of $20 trillion outstanding.
3. Fannie Mae & Freddie Mac extended mortgage loans to anyone with a pulse, and ended up holding the bag on $14 trillion in such mortgages.
4. If you add up Federal deficit spending, Social Security, Medicare, MedicAid, etc. you end up with a Federal debt of $60 trillion or 4.32 times the size of the $13.9 trillion GDP.
5. As the economy goes south and the Middle Class is max out of income and credit, they dip into their retirement funds, to the tune of $400 billion from 401 K accounts, in the form of loans. This affects the stock market, as assets must be liquidated for cash.
Don't be surprised if a bankruptcy sign is hung outside the White House with a foreclosure notice from the Chinese Government.