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Showing posts with label treasury department. Show all posts
Showing posts with label treasury department. Show all posts
Friday, August 2, 2013
REP BRIDENSTINE (OKLAHOMA) QUESTIONS OBAMA'S LEADERSHIP. MUST SEE ENTERTAINMENT
This man spoke more truth in one minute than Obama and his
administration have spoken in their entire 4.5 years in office. The joke is on those who try and defend Obama. Look at the results of his policies, highest gas prices ever, high unemployment rate, lowest worker participation rate in the last 50 years, no jobs, and Obamacare coming down the chute, guaranteed to destroy what Obama has left of this Nation. Add in incompetence, arrogance and his overt, divisive actions to split this country into the "haves" and the "have nots," and throw in the multitude of scandals that have been exposed, which His Honor calls "phony scandals," and anyone with an ounce of intelligence would have to
admit what a disaster he is for the country. Of course those who still think
they will keep getting something for nothing love the guy - why wouldn't you.
Instead of working for a living and paying your own bills, you expect someone
else to work, pay their bills and yours too. That is the saddest part of all..
Monday, November 29, 2010
QUANTITATIVE EASING 101
Ever heard of Quantitative Easing? It's what Ben Bernanke, the Federal Reserve and Obama are doing right now to attempt to solve our economic blues. Obama and the Feds did it once already with the Stimulus Bill for around 2 trillion dollars. They are doing it again now for another $600 billion. This time with no vote from Congress.
They simply say "we are going to infuse $600 billion into the economy to try to create jobs." In other words, we are going to spend money we don't have. Then they decide, "But we are broke so we have to print money to make the purchase." This means they go into their little back room, rev up the printing presses, roll out the bills, grab a bunch of them in their fists, take them down the hall to the room next door and give them to the U.S. Treasury to purchase our Treasury Bonds, which is how we finance our debt. DO YOU GET THIS? We are printing our own money to buy our own Bonds. It's a Ponzie Scheme, a Bernie Madolff moment. But it's our government who's running the scam. This is lunacy! Why do Ben Bernanke and Tim Geitner, our Treasury Secretary, still have a job??
Beware, our biggest threat doesn't come from a foreign terrorist. Our biggest threat is the traitor and his czars sitting at the end of Pennsylvania Avenue.
Watch this video for a concise explanation of Quantitative Easing 101. Watch it to the end. It explains it pretty well.
They simply say "we are going to infuse $600 billion into the economy to try to create jobs." In other words, we are going to spend money we don't have. Then they decide, "But we are broke so we have to print money to make the purchase." This means they go into their little back room, rev up the printing presses, roll out the bills, grab a bunch of them in their fists, take them down the hall to the room next door and give them to the U.S. Treasury to purchase our Treasury Bonds, which is how we finance our debt. DO YOU GET THIS? We are printing our own money to buy our own Bonds. It's a Ponzie Scheme, a Bernie Madolff moment. But it's our government who's running the scam. This is lunacy! Why do Ben Bernanke and Tim Geitner, our Treasury Secretary, still have a job??
Beware, our biggest threat doesn't come from a foreign terrorist. Our biggest threat is the traitor and his czars sitting at the end of Pennsylvania Avenue.
Watch this video for a concise explanation of Quantitative Easing 101. Watch it to the end. It explains it pretty well.
Labels:
Ben Bernanke,
Bernie Madolff,
Czars,
economy,
federal reserve,
Feds,
lost jobs,
Obama,
Ponzie Scheme,
printing money,
Quantative Easing,
Tim Geitner,
treasury bonds,
treasury department
Friday, September 17, 2010
GRAND THEFT AUTO = GM
General Motors pension plan is coming under scrutiny from both Dems and Reps. Isn't that great? Obama is finally getting what he is always blabbing about, Bipartisanship.
An independent investigator will look into the federal government's different treatment of unionized and salaried Delphi retirees' pension benefits. Delphi was a GM supplier, and GM took over Delphi assets and liabilities during the bankruptcy process. GM agreed to "top up" the pensions of Delphi blue-collar retirees (can you say UNIONS, UAW, electrical and communications workers' unions) so they wouldn't lose 30-70% of their benefits. GM did not agree to "top up" the pensions for 22,000 white collar Delphi retirees. Therein lies the problem.
Faster than you can say "Grand Theft Auto," those white collar workers lost 30-70% of their pension, 100% of their health care coverage and 100% of their life insurance.
At the same time GM was slicing and dicing benefits for white collar workers, GM retained 100% of its union pension obligations. To keep the union pensions and benefits in tact GM contributed then and will continue to contribute monthly "top-ups" that are funded by TARP money.
Did you get that? WE ARE GUARANTEEING THAT UNION WORKERS INVOLVED WITH GM WILL GET 100% OF THEIR PENSIONS, HEALTH CARE AND LIFE INSURANCE BENEFITS, WHILE WHITE COLLAR WORKERS GET NOTHING, AT THE SAME TIME THE U.S. IS SLIPPING QUICKLY INTO A FINANCIAL AND ECONOMIC PIT-OF-NO-RETURN.
The big question now is whether Obama Administration officials and Obama himself "pressured the New GM to top-up" the Delphi retiree union pension plans and whether "political considerations played a role in favoring hourly over salaried retirees."
And that is why an investigation has been started by the Treasury Department.
What do you think the answer to that important question will be? Remember, it's Obama's Treasury Department doing the investigating. Anyone have any faith that they will get it right?
An independent investigator will look into the federal government's different treatment of unionized and salaried Delphi retirees' pension benefits. Delphi was a GM supplier, and GM took over Delphi assets and liabilities during the bankruptcy process. GM agreed to "top up" the pensions of Delphi blue-collar retirees (can you say UNIONS, UAW, electrical and communications workers' unions) so they wouldn't lose 30-70% of their benefits. GM did not agree to "top up" the pensions for 22,000 white collar Delphi retirees. Therein lies the problem.
Faster than you can say "Grand Theft Auto," those white collar workers lost 30-70% of their pension, 100% of their health care coverage and 100% of their life insurance.
At the same time GM was slicing and dicing benefits for white collar workers, GM retained 100% of its union pension obligations. To keep the union pensions and benefits in tact GM contributed then and will continue to contribute monthly "top-ups" that are funded by TARP money.
Did you get that? WE ARE GUARANTEEING THAT UNION WORKERS INVOLVED WITH GM WILL GET 100% OF THEIR PENSIONS, HEALTH CARE AND LIFE INSURANCE BENEFITS, WHILE WHITE COLLAR WORKERS GET NOTHING, AT THE SAME TIME THE U.S. IS SLIPPING QUICKLY INTO A FINANCIAL AND ECONOMIC PIT-OF-NO-RETURN.
The big question now is whether Obama Administration officials and Obama himself "pressured the New GM to top-up" the Delphi retiree union pension plans and whether "political considerations played a role in favoring hourly over salaried retirees."
And that is why an investigation has been started by the Treasury Department.
What do you think the answer to that important question will be? Remember, it's Obama's Treasury Department doing the investigating. Anyone have any faith that they will get it right?
Labels:
benefits,
blue collar,
Delphi,
Dems,
employer paid health care,
GM,
Grand Theft Auto,
life insurance,
pensions,
Reps,
supplier,
top up,
treasury department,
UAW,
white collar,
workers
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