Once In A Century Rip-Off

The Bail-Out is a Rip-off. Period.

Every time someone I talk to says we “need to do something”, I ask “why?”

Why do the poorest Americans need to bail out the richest? When they say something, I ask, how much money do you have saved or in retirement? This usually is enough to shut them up.

This entire scheme is so obviously a rip-off, on its face, yet Americans are still scared to death by Bush (the ultimate ‘boy who cried wolf’). What the hell is wrong with you, rednecks? This redneck didn’t fall off the turnip truck yesterday and I know when a rip flea market salesman is bullshittin’ me, and Bush is the worst ever. He uses the same schtick over and over.

Fool me once, then…uhh… errr… can’t be fooled again.

The RealNews Network had a clip where Economist Michael Hudson explains that the bailout is a giveaway that will cause hyperinflation and dollar collapse. He also says that the rich are pulling off a “once in a century rip-off”.

Do what I did. Call and write your senators and express your anger about ANY buy out. I wrote a letter to the editor of my local paper. I explain what I understand to everyone who will listen.

As for the rich bastards who placed the bogus bets and lost (thinking their insiders would come through and get them out in a crack)…

Fuck ‘Em & Feed ‘Em Fish Heads, I always say.

McCain Just Won The Election

From my Bro’, Davis Fleetwood at Operation Itch:

Ron Paul Says Civil Unrest Could Lead To Martial Law

Wake Up, rednecks.

From Paul Joseph Watson at Prison Planet
Friday, September 26, 2008

Congressman Ron Paul says that the bailout bill is likely to pass, heralding a 10-year plus economic depression for America and the potential for martial law should civil unrest arise as the financial meltdown worsens.

Speaking on The Alex Jones Show, Paul said of the bailout, “They want dictatorship, they want to pass all the penalties and suffering on to the average person on Main Street,” adding, “We will have a depression or recession, it’s locked in place due to previous Federal Reserve actions.”

“When they say that if we don’t do exactly as they say and turn over more of our money and more of our liberties and exempt themselves from any court in the whole nation, they’re trying to intimidate us and lead us into doing the wrong thing,” said Paul.

The Congressman added that serious problems would arise if nothing was done to address the problem, but that more serious consequences would follow should the bailout be passed.

Paul warned that the only question was whether the meltdown would last one year or ten years and how much liberty would be lost in that time frame.

“It looks like from I see in Congress, that they’re opting for a decade plus of depression rather than saying let’s correct our ways, let’s balance the budget, let’s bring our troops home,” said Paul, adding that the same course of printing money would continue – prolonging the agony and preventing a necessary correction.

Asked if civil unrest was a possibility in the midst of an economic depression, referencing a recent Army Times report concerning the use of active duty military being brought back from Iraq for “Homeland patrols” and “crowd control,” Paul questioned, “Are we going to have martial law or are we going to have more freedoms? The more problems that we have, the more likely it is that we’re going to have martial law, so I do think they anticipate and they plan for these things.”

Read the rest at Prison Planet.

He goes farther to say that Greenspan and Bernanke should be charged criminally (which is true). But each and every complicit Big Money Thief needs to relainquish every nickel they stole and do jail time equivalent with a pot head’s possession charge, ensuring they never get out again.

Pieces of shit.

Now focus on the link from The Army Times, which I mentioned earlier in the week. This is the setup for our very own military to come into our homes and take control. Do you rednecks truly understand how close to total military control we are?

Ralph Nader Says: That Ain’t Right!

September 26, 2008 www.votenader.org www.officialnaderstore.com

Ralph Nader will appear on the Bill Maher Show tonight on HBO. We’ve been told that also appearing on the show will be comedian Chris Rock. One of our favorite movies is Head of State, in which Chris Rock plays Mays Gilliam, a Chicago alderman running for President of the United States. Gilliam gives an historic speech (for Hollywood, anyway) in which he says that corporations are “stealing all the money.” And the crowd yells — “that ain’t right.” (YouTube has the speech posted here.) Well, while McCain, Obama and Bush were hunkered down inside the White House yesterday working to bail out the crooks on Wall Street, we were outside in front of the White House yelling — “That ain’t right.” No bailout for Wall Street crooks. McCain/Obama for the bailout. Nader/Gonzalez opposed. The NBC/WSJ poll released two days ago shows Ralph Nader at five percent nationwide. That’s the same level of support that got John Anderson into the League of Women Voters debate in 1980. Why not Ralph Nader in 2008? Yesterday morning, before we headed over to the White House, we picketed the two-party controlled, corporate funded Commission on Presidential Debates. (That’s us in the picture above.) We’re driving hard on all cylinders to bust open the debates and make it a three way race. But right now, we need your help. We’re in the middle of our Three Way Race fund-raising drive. And we need to reach $150,000 by September 30. Thanks to your help, we’re now at $63,000. But we have to bust it now to reach our goal. So, now, let’s take it home. Give whatever you can now. Stand with the candidacy that stands against the McCain/Obama/Bush bailout. The crooks on Wall Street should go to jail. Instead, they go to Washington for a bailout. That ain’t right. Onward to November The Nader Team

Rep. John (Eugenics) LaBruzzo Addressed by Rachel Maddow

B’Man’s Patriot Watch: Barney Franks

God Save Us From John McCain’s Help

The Police State: Jailed For Farting On An Officer

Jonathon Turley shows us that farting on a police officer is now a criminal act.

Yet it is ok for them to spray us in the face with chemicals?

Flatulent Felony: West Virginia Man Charged with Gaseous Battery on Officer

Jose Cruz was being charged with a DUI in South Charleston, West Virginia when he intentionally or negligently expelled gas in the presence of the arresting officer. The result was a charge for battery upon an officer, who noted in the charge form that it was particularly potent.

Putting aside Cruz’s manners, the charge is clearly an abuse of authority by the officer. The question is whether any action will be taken to educate this officer that such rude behavior is not covered under the criminal code and that criminal charges are not there for cathartic expressions of disgust.

For the full story, click here.

O’Neil said…….

“When you violate fundamental principles of economics you can get away with it for a while, but eventually it’s going to get you.”

O’Neill: Bush Doesn’t Get Financial Crisis, ‘It Shows’
The President’s Former Treasury Secretary Speaks Out About $700 Billion Bailout

Former Treasury Secretary Paul O’Neill said today that our nation’s leaders — especially President Bush — are “in a panic” and haven’t thought through the $700 billion bailout plan in a rush to pass it by the end of the week.

Former Treasury Secretary Paul O’Neill today told ABC News that President Bush doesn’t understand or “knows much about any of this” crisis “and it shows.”
“I don’t think he understands or knows much about any of this and it shows,” O’Neill said, adding that current Treasury Secretary Henry Paulson “knows a lot of about this, and it’s good that he’s there.”

O’Neill, who served as Bush’s first treasury secretary until being fired over diverging views with the president about tax cuts and other issues, didn’t have favorable things to say about the economic policies of either presidential candidate, Democrat Barack Obama or Republican John McCain.

“I think most of what has been said by both campaigns about economic stuff is ill-informed and ill-advised,” he said. Asked for specific problems, O’Neill said: “Everything.”

“Hopefully, whichever one of these two people ends up being president, my prayer is that they will be better than what they have said in the campaign,” O’Neill said in an interview with ABC News this afternoon.

“We have spun ourselves into a position where intelligent people don’t believe they can tell the people the truth and still get elected, so they pander,” he added. “One can only hope that they understand the difference between campaigning and governing, and that their governing will be better than what their campaign said.”

The Bailout Plan
O’Neill said that “we do need to do something to avert a complete collapse of the credit system” but added the administration’s bailout plan shouldn’t be the only option.

“It is possible to re-liquefy the credit system without ‘We the People’ owning $700 billion worth of homes,” he said.

Instead, O’Neill would like for the government to calculate the present value of the mortgage-backed investments and then insure, rather than own, those assets.

Essentially, O’Neill said, we run the risk of become the largest owner of foreclosed properties in the world.

“We have notoriously no capability to do anything like that,” he said. “There is no agency of government that could actually do that job.”
O’Neill is pegging his hopes on Congressional leaders to investigate that option, because the Bush administration has the “door locked and they haven’t taken on any new ideas.”

So why is the president and his administration pushing so hard for this plan?

“I think it’s because they’re in a panic and they haven’t thought about it very well,” O’Neill said.

The bailout process risks being bogged down by a number of “sideshow issues,” O’Neill added, including executive pay and aid for homeowners.

“Not a lot of people are saying, ‘Slow down.’ They’ve actually done something a lot worse than say, ‘Slow down.’ They’ve introduced a whole bunch of sideshow issues like executive compensation and oversight committees,” O’Neill said. “All of that stuff is not relevant to the central problem of re-liquefying these financial instruments.”

He said there is “flagrant overcompensation” of CEOs but that is a separate issue that is not relevant to the crisis.

“This is a sideshow, and it’s frankly irritating as hell that the political process is so incompetent that it can’t differentiate the important from the trivial,” O’Neill said. “Right now, we have a kind of stay of execution, and workable, meaningful legislation is the only thing that is going to keep us from getting executed.”

Helping out homeowners is also a separate issue in O’Neill’s mind.

“It’s not to say that you don’t feel compassion and sorrow for people that have got financial problems,” he said. “But if your solution is to give them more money, then you’re going to have to take it away from somebody who’s got it.”

Having this crisis hit right before a key election is not helping.

“It complicates it because [Congress is] wanting to rush out of town &133; and get reelected,” O’Neill said. “So rather than doing this in a deliberate way and hearing from a lot of different, careful points of view, they desperately want to be able to leave town on Friday and not come back until the day after the election.”
Mortgage Meltdown Causes
O’Neill said we got into this mess because bankers were not making prudent decisions, because they believed that by reselling mortgages to Wall Street they weren’t going to be stuck with the problems.

“We suspended disbelief and said we can take people with no known source income or wealth generation and we can give them a $500,000 mortgage,” he said. “I think there’s a very important thing: When you violate fundamental principles of economics you can get away with it for a while, but eventually it’s going to get you.”

“I wish I was there two years ago became I think I would have blown the whistle on these unbelievable loan practices and we would never gotten to today,” he said. “That might be wishful thinking. It’s not possible to really know that. But I’m a detail guy and I think I would have been paying enough attention to the details that I would have stopped the music.”

O’Neill has been asked by the Obama campaign “on several occasions” to take part in conversations with the candidate on the economy with the understanding that his participation doesn’t represent an endorsement. He said he would be willing to offer the same help to McCain but hasn’t been asked.

Last Friday, he was on the telephone with an Obama meeting that involved the candidate, his running mate Sen. Joseph Biden, investor Warren Buffet, former Federal Reserve Chairman Paul Volcker, former treasury secretaries Larry Summers and Robert Rubin, and the former chairwoman of the President’s Council of Economic Advisers, Laura Tyson.

“I’m happy to be part of that kind of opportunity to talk about serious issues and bring the knowledge I have to bear on what people are thinking,” O’Neill said. “I’m happy to do that, and I’d do it for either party.”

Great article. I love the part where Obama’s campaign is listening to his advice, but McLame hasn’t the sense to do anything but showboat. I also love how he discusses alternatives to simply buying all these assets. Of course, the Congressional morons are in such a hurry to go home, they aren’t paying attention. If thgi is such an emergency, why aren’t they willing to stay and work out an intelligent fix.