OBAMAnomics…
THE SHATTERING REALITY OF OBAMA’S CON
JOB OF “CHANGE”.. THE KIND OF CHANGE THE BANKSTER BOUGHT!
*
http://mexicanoccupation.blogspot.com/2011/12/foreclosed-on-america-obama-his.html
*
Records show that
four out of Obama's top five contributors are employees of financial industry
giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207)
and Citigroup ($358,054).
*
Obama has
done absolutely nothing about FORECLOSED ON AMERICA, after all the crisis was
caused by his criminal bankster donors, and they’re hauling in record profits
now. Obama has kept his promise of not punishing his banksters. Not even one
has gone to jail, or ever will be. Just as Bush 1 made sure his SAVINGS &
LOAN donors would escape by the statute of limitations, OBAMA will watch a
nation being foreclosed on as he fills his pockets with bankster pillage!
NO
PRESIDENT IN HISTORY HAS TAKEN MORE MONEY FROM BANKS THAN BARACK OBAMA.
Top subprime lenders included Wells Fargo; Countrywide,
purchased by Bank of America; Washington Mutual, now part of JPMorgan Chase;
CitiMortgage, part of Citigroup; First Franklin (now closed), purchased by
Merrill Lynch, which was purchased by Bank of America; ChaseHome Finance,
JPMorgan Chase; Ownit, partly owned by Merrill Lynch, which was later purchased
by Bank of America; and EMC, part of Bear Stearns, which was purchased by
JPMorgan Chase. Most of the rest depended on massive loans from Wall Street.
Many of these lenders were sued by states for fraud and paid billions in
settlements.
According to Inside Mortgage Finance, the top mortgage
backed securities underwriters during 2005-2006, only two of the subprime abuse
years, included now defunct Lehman Brothers ($106 billion); RBS Greenwich
Capital ($99 billion); Countrywide Securities, which is now part of Bank of
America ($74 billion); Morgan Stanley ($74 billion);Credit Suisse First Boston
($73 billion); Merrill Lynch ($67 billion); Bear Stearns, which is now part of
JPMorgan Chase ($61 billion); and Goldman Sachs ($53 billion).
Records show that four out of Obama's top five contributors are employees of financial industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase($362,207) and Citigroup ($358,054).
"There is a populist and
conservative revolt against Wall Street and financial elites, Congress and
government," Democratic pollster Stanley Greenberg warned in an analysis
this week. "Democrats and President Obama are seen as more interested in
bailing out Wall Street than helping Main Street."
*
*
OBAMA’S CON JOB ON REGULATION WILL NOT IMPACT HIS LARGEST
BANKSTER DONORS! WHO’D OF THOUGHT???
“Obama's rhetoric
covered the whole financial industry, but the key changes will affect only a
few high-profile players, including JPMorgan Chase & Co., while sparing
investment banks like Goldman Sachs Group Inc.”
*
WHAT DID THE
BANKSTERS KNOW ABOUT OUR ACTOR OBAMA THAT WE DIDN’T KNOW?
Records show that
four out of Obama's top five contributors are employees of financial industry
giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207)
and Citigroup ($358,054).
The president's actions and tactics haven't matched his lofty language, breeding a cynicism that has doomed his cause.
Jonah
Goldberg
December
22, 2009
On
his own terms, President Obama is a failure.
During the presidential campaign, he fought hammer and tongs with Hillary Rodham Clinton on the best way to govern. Clinton, casting herself as a battle-scarred political veteran, argued that diligence, dedicated detail work and working the system were essential for success.
December 19, 2011
NewsWithViews.com
Obamanomics:
How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends,
Corporate Lobbyists, and Union Bosses
Obama Is Making You Poorer—But Who’s Getting Rich?
During the presidential campaign, he fought hammer and tongs with Hillary Rodham Clinton on the best way to govern. Clinton, casting herself as a battle-scarred political veteran, argued that diligence, dedicated detail work and working the system were essential for success.
OBAMA AND HIS CRONY CAPITALISM
*
*
Corzine also exemplifies the
seamless ties between Wall Street and the Obama administration. A major
fundraiser for Obama’s reelection campaign, the now-disgraced banker-politician
hosted the president’s first fund-raising event at his Fifth Avenue apartment
overlooking Central Park. He was expected by many to be named treasury
secretary in a second Obama term.
Corzine is but one of many
figures in or around an administration loaded with Wall Street
multi-millionaires. Obama’s former White House chief of staff Rahm Emanuel
joined his administration after taking time out from Democratic Party politics
to earn millions as an investment banker in Chicago. He was replaced by
Clinton-era Commerce Secretary William Daley, who left his post as a top
executive at JPMorgan Chase to head up White House operations.
*
THE REASON OBAMA PUT WILLIAM DAILY
INTO THE WHITES HOUSE WAS BECAUSE OF DALEY’S JP MORGAN CONNECTIONS AND BECAUSE
HE’S AN ADVOCATE FOR OPEN BORDERS TO KEEP WAGES DEPRESSED FOR OBAMA’S
PAYMASTERS!
*
The MF Global collapse, the
Democratic Party and Wall Street
8 November 2011
The
collapse last week of US broker-dealer MF Global has put the spotlight on the
parasitic speculation and outright criminality that are at the heart of the US
financial system. It has also provided a text book example of the corrupt and
incestuous relationship between the American financial aristocracy and both the
political system in general and the Democratic Party in particular.
Facing
a run on its holdings, a collapse in its stock, and credit downgrades of its
debt to junk status, the Wall Street investment firm with $41 billion in assets
filed for Chapter 11 bankruptcy protection on October 31.
A
last ditch bid to find a buyer for MF Global fell through when regulators
discovered that $633 million in clients’ money had gone missing. It is
suspected that the company, headed by former Goldman Sachs CEO and one-time
Democratic senator and governor of New Jersey Jon Corzine, moved money out of
client accounts in an attempt to meet margin calls from its creditors. It is a
crime for a firm to use clients’ money to trade on its own account, let alone
to pay off its debts.
Multiple
investigations have been launched by federal financial regulators, along with
criminal probes by the FBI and the US attorney for Manhattan. Last Friday,
after having hired a prominent criminal lawyer, Corzine resigned his post as
chairman and CEO of MF Global.
The
collapse of the firm, the eighth biggest bankruptcy in US history, was the
first major corporate failure resulting from the European debt crisis. It
demonstrates that nothing has been done since the Wall Street crash three years
ago to rein in the speculative activities of financial firms. The same
practices that led to the global recession continue unabated.
Several
months after taking control of the firm in March of 2010, Corzine began making
enormous bets with borrowed funds that the sovereign debt of countries such as
Spain and Italy would not collapse. He placed a single bet of $6.3 billion—six
times MF Global’s capital—on risky European state bonds, driving his firm’s
leverage (its assets to capital) to a ratio of 40 to 1.
When
MF Global reported a second quarter loss of nearly $190 million due to the
worsening of the European debt crisis, investor confidence in the company
collapsed.
The
disaster has also shown that along with the reckless speculative practices, the
obscene levels of executive compensation are intact. In his 18 months as head
of MF Global, Corzine pocketed $14.25 million in total compensation.
!!!!!!!!!!!!!!!!!!!!!!
The
64-year-old banker-politician personifies the intimate ties that bind the
Democratic Party to Wall Street. Leading Democratic officials, including
nominal “liberals” like Corzine, pass seamlessly between the corporate
boardroom and government office. They enrich themselves to the tune of millions
by engaging in financial manipulation and swindling and then oversee
legislation supposedly designed to regulate these very activities.
!!!!!!!!!!!!!!!!!!!
Corzine
was CEO of Goldman Sachs from 1994 to 1999, precisely the period when the
dismantling of corporate and banking regulations—which had begun under the
Democrat Carter and expanded under the Republicans Reagan and the elder
Bush—was completed under the Democrat Clinton. Corzine left his Wall Street
post with a reported fortune of $400 million. He proceeded to spend $62 million
of it to get himself elected US senator from New Jersey.
In
2005 Corzine spent another $38 million of his own money to win election as
governor of New Jersey. As governor, he imposed brutal cuts in health care,
pensions, higher education and aid to the cities, as well as slashing 5,000
state jobs. As a result, he lost his reelection bid in 2009 to right-wing
Republican Chris Christie, who has expanded the assault on New Jersey workers.
When
Corzine returned to Wall Street the following year he was given royal treatment
by government regulators. The president of the Federal Reserve Bank of New
York, William Dudley, another Goldman Sachs veteran, gave MF Global entry into
the exclusive and lucrative club of “primary dealers”—financial firms chosen to
market US Treasury securities. This was despite MF Global’s relatively small
size and the fact that it had been fined $10 million one year before as a
result of a trading scandal.
When
MF Global’s primary regulator, the Commodity Futures Trading Commission (CFTC),
moved to impose stricter limits on broker-dealers’ use of clients’ funds,
especially to invest in foreign sovereign debt, Corzine lobbied personally
against the regulation. Earlier this year, Gary Gensler, the head of the CFTC,
suspended implementation of the new rules.
Gensler
is another Goldman Sachs graduate, having worked with Corzine at the firm for
18 years, rising to become co-head of finance before leaving in 1997. Gensler
has been forced to recuse himself from the CFTC investigation into the MF
Global collapse.
Corzine also exemplifies the
seamless ties between Wall Street and the Obama administration. A major
fundraiser for Obama’s reelection campaign, the now-disgraced banker-politician
hosted the president’s first fund-raising event at his Fifth Avenue apartment
overlooking Central Park. He was expected by many to be named treasury
secretary in a second Obama term.
Corzine is but one of many
figures in or around an administration loaded with Wall Street
multi-millionaires. Obama’s former White House chief of staff Rahm Emanuel
joined his administration after taking time out from Democratic Party politics
to earn millions as an investment banker in Chicago. He was replaced by
Clinton-era Commerce Secretary William Daley, who left his post as a top
executive at JPMorgan Chase to head up White House operations.
Others
include Ron Bloom, a member of Obama’s auto task force and then chief adviser
on manufacturing, and Steven Rattner, the financier chosen to head the auto
task force. Rattner was later forced to step down after being indicted for
making payoffs to obtain contracts with New York State pension funds.
Corzine’s
troubles will complicate the cynical attempts by Obama and the Democrats to
appropriate the anti-Wall Street anger expressed in the Occupy movement and
channel it behind the Obama reelection campaign. What, in fact, the MF Global
saga and Corzine’s career demonstrate is that the fight against social
inequality, poverty and corporate domination of the government is a fight
against the Obama administration and both parties of the financial-corporate
elite.
It
requires the independent mobilization of the working class in a struggle to put
an end to capitalism and establish socialism.
Barry
Grey
*
JUST AS BUSH OPERATED SAUDIS BIG OIL INTERESTS, AND
WARS TO PROTECT SAUDIS FROM THEIR ENEMIES, IRAQ AND IRAN, AND CHENEY OPERATED
FOR THE GLOBAL CRIME SYNDICATE OF HALLIBURTON, OBAMA OPERATES FOR HIS BANKSTER
DONORS!
WHEN OBAMA BROUGHT IN BILL DALEY AS CHIEF-OF-STAFF,
IT WAS BECAUSE THIS MUCKER IS AN ADVOCATE FOR OPEN BORDERS LIKE OBAMA, AND HAS
HAD LONG TIES TO MANY OF OBAMA’S BIGGEST CRIMINAL BANKSTER DONORS, LIKE J.P.
MORGAN!
BARACK OBAMA IS NOTHING MORE THAN A WORSE VERSION OF
BUSH! WHILE OBAMA DOESN’T RECALL HOW HE CONNED BLACK AMERICA INTO VOTING FOR
HIS “CHANGE”, YOU CAN FIND OBAMA HISPANDERING UP EVERY LA RAZA ASS IN THE
COUNTRY! IF YOU’RE NOT CONNECTED TO WALL ST. BIG BANKSTERS, LIKE DALEY, YOU
MUST BE A MEMBER OF THE MEXICAN FASCIST PARTY of LA RAZA TO BE IN OBAMA’S
ADMINISTRATION!
THERE IS A REASON WHY OBAMA’S DEPT OF LABOR IS
OPERATED BY LA RAZA SUPREMACIST HILDA SOLIS!
THERE IS A REASON WHY OBAMA’S DHS, IS NOW THE Dept.
of HOMELAND SECURITY = PATHWAY TO CITIZENSHIP!
THERE IS A REASON WHY OBAMA NOMINATED A LA RAZA
PARTY MEMBER, SONIA SOTOMAYER TO THE HIGH COURT. SHE HAS A LONG HISTORY OF
PANDERING TO THE CORPORATE INTERESTS, AND PUSHES OBAMA’S LA RAZA AGENDA.
SOTOMAYER VOTED AGAINST E-VERIFY ON THE COURT, AND REFERS TO ILLEGALS AS
“UNDOCUMENTED ALIENS”. OBAMA REFERS TO THEM AS SIMPLY “MY UNREGISTERED VOTERS”.
FROM THE BLOG, DO A SEARCH FOR OBAMA AND HIS LA RAZA
INFESTED ADMINISTRATION. THERE IS NOTHING IN OUR HISTORY SINCE THE CIVIL WAR
THAT HAS IMPACTED BLACK AMERICANS MORE THAN THE INVASION, AND OCCUPATION OF THE
LA RAZA RACIST SUPREMACIST HORDES!
The
President and his top economic advisers bought the “too big to fail” concept,
the notion that regardless of how profligate, irresponsible, even criminal,
heads of the leading financial institutions in America had been, it would be
worse for the nation if those institutions were to collapse. Consequently,
while pushing a legislative agenda of public bail-outs, the Obama
Administration maintained a secret program of multi-trillion dollar loans,
including billions at below market interest rates. The principal recipients of
the funding were JPMorgan, Bank of America, Citigroup Inc., Wells Fargo
& Co., Goldman Sachs Group Inc. and Morgan Stanley.
*
THE
FED'S OLD BOY NETWORK
By
Attorney Jonathan Emord
Author of "The Rise of Tyranny" and
"Global Censorship of Health Information"
Author of "The Rise of Tyranny" and
"Global Censorship of Health Information"
December 19, 2011
NewsWithViews.com
Bloomberg
LP, parent of Bloomberg News, performed an enormous service for the American
public when it sued the Federal Reserve and the Clearing House Association LLC,
an institution created by several of the nation’s largest banks, to force
disclosure of secret loans made by the Federal Reserve principally to the six
largest U.S. banks but also to certain foreign banks. The treasure trove of
evidence ultimately obtained by Bloomberg reveals that while the public
Troubled Asset Relief Program (TARP) bailed out leading Wall Street firms for
the whopping sum of $700 billion, the Fed at the same time doled out some $7.77
trillion (an astronomical sum equal to have the gross domestic product). To
make matters worse, the Fed expanded its emergency discount lending program,
giving tens of billions more to the same banks at an interest rate of 1%, while
the prime lending rate stood at over 3%. The banks getting these funds often
turned them into profit centers, lending out proceeds from them at higher
interest rates and pocketing the difference, profiting on federal largesse.
The
President and his top economic advisers bought the “too big to fail” concept,
the notion that regardless of how profligate, irresponsible, even criminal,
heads of the leading financial institutions in America had been, it would be
worse for the nation if those institutions were to collapse. Consequently,
while pushing a legislative agenda of public bail-outs, the Obama
Administration maintained a secret program of multi-trillion dollar loans,
including billions at below market interest rates. The principal recipients of
the funding were JPMorgan, Bank of America, Citigroup Inc., Wells Fargo
& Co., Goldman Sachs Group Inc. and Morgan Stanley.
The General Accounting Office audit of the Federal Reserve
revealed that some $16 trillion was supplied in secret loans from the Federal
Reserve between December 1, 2007 and July 21, 2010. The largest single
recipients were Citigroup ($2.5 trillion); Morgan Stanley ($2 trillion);
Merrill Lynch ($2 trillion); Bank of America ($1.3 trillion); Barclays PLC
($868 billion); Bear Stearns ($853 billion); Goldman Sachs ($814 billion); the Royal
Bank of Scotland ($541 billion); JP Morgan Chase ($391 billion); and Deutsche
Bank ($354 billion).
Bloomberg discovered that while top banks were touting in
their press releases during the crisis that they had fiscal soundness, their
balance sheets were made up primarily of federal funds, most from the Federal
Reserve. Moreover, while many banks paid back the TARP funds, they most often
did so in reliance on the secret receipts of tens of billions of dollars in
Federal Reserve money (in other words, the pay back was in that sense a
charade: federal money paid back federal loans). In short, the Administration
was complicit in the orchestration of a massive fraud on the American public,
making it seem that the banks largely responsible for the financial crisis were
weathering the storm of their own accord when in fact they were on board the
good ship U.S. Taxpayer.
Meanwhile, the bad lending and financial dealing practices
that helped produce the financial crisis have been largely kept in place,
underwritten by the federal government. The top banks suddenly realized that
far from having to suffer ignominy and defeat for their abuses, they would be
kept alive by a seemingly endless flow of federal cash. Indeed, the feds
accepted as collateral for loans securities of virtually no worth and other
properties that would never support private commercial lending. By propping up
the major banks despite their irresponsible lending practices, the federal
government has given them a privileged financial status whereby private lenders
will give them terms far more favorable than their smaller competitors because
they understand the federal government will not let them fail. Economist call
this safety net a “moral hazard” (effective federal underwriting for heightened
risk taking that permits these lenders to profit at above market rates of
return in speculative investing without suffering financial liability for
loss). The amounts doled out by the federal government to the banks could have
paid off as much as one tenth of all of the delinquent mortgages, Bloomberg
determined.
Rather than be forced to take their losses on their enormous
junk portfolios and interbank lending practices, the top six banks were allowed
to keep the junk portfolios, maintain their dubious lending practices, and turn
to the Federal Reserve for money on demand whenever problems arose. Repeatedly
when the banks should have gone under due to poor lending practices and grossly
speculative profiteering, they were complimented by the Federal Reserve,
rescued, and then allowed to tout the falsehood that their success came from
sharp management rather than from secret loans. At the same time, these banks
and others have shut down commercial lending for small businesses nationwide.
The “too big to fail” justification for the massive federal
welfare dole to the top six United States banks was based on a faulty premise.
Without question the demise of the leading banks would entail hardship,
particularly for the employees of those institutions, but the long term
prognosis was good for a restructuring of the financial market through
bankruptcies and takeovers. The alternative to allowing the market to impose
its own swift and harsh corrective involves imposing a massive burden on every
American citizen for generations to come for the trillions spent to prop up a
few dozen Wall Street moguls. Rather than have the taxpayers pay an inflated
sum to keep the banks responsible for the financial crisis alive, the nation
could have spared itself an assumption of massive debt and witnessed the demise
of these banks and the rise of new competing financial institutions based on a
solid financial model.
The Bush and Obama Administration’s role as Santa Claus for
Wall Street has kept from Wall Street the needed lessons that would have
otherwise come from the collapse of the major lending institutions. Painful as
it may seem to some, it is far better to allow the market to experience a
correction for profligate lending practices than to force the American taxpayers for generations to come
to pay for the bad decisions made by a few and to let those few go without
suffering a single consequence beyond temporary embarrassment.
© 2011 Jonathan W. Emord - All Rights Reserved
*
OBAMAnomics…
http://mexicanoccupation.blogspot.com/2011/12/foreclosed-on-america-obama-his.html
*
Records show that
four out of Obama's top five contributors are employees of financial industry
giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase
($362,207) and Citigroup ($358,054).
*
Obama has
done absolutely nothing about FORECLOSED ON AMERICA, after all the crisis was
caused by his criminal bankster donors, and they’re hauling in record profits
now. Obama has kept his promise of not punishing his banksters. Not even one
has gone to jail, or ever will be. Just as Bush 1 made sure his SAVINGS &
LOAN donors would escape by the statute of limitations, OBAMA will watch a
nation being foreclosed on as he fills his pockets with bankster pillage!
NO
PRESIDENT IN HISTORY HAS TAKEN MORE MONEY FROM BANKS THAN BARACK OBAMA.
Top subprime lenders included Wells
Fargo; Countrywide, purchased by Bank of America; Washington Mutual, now part
of JPMorgan Chase; Citi Mortgage, part of Citigroup; First Franklin (now
closed), purchased by Merrill Lynch, which was purchased by Bank of America;
ChaseHome Finance, JPMorgan Chase; Ownit, partly owned by Merrill Lynch, which
was later purchased by Bank of America; and EMC, part of Bear Stearns, which
was purchased by JPMorgan Chase. Most of the rest depended on massive loans
from Wall Street. Many of these lenders were sued by states for fraud and paid
billions in settlements.
According to Inside Mortgage
Finance, the top mortgage backed securities underwriters during 2005-2006, only
two of the subprime abuse years, included now defunct Lehman Brothers ($106
billion); RBS Greenwich Capital ($99 billion); Countrywide Securities, which is
now part of Bank of America ($74 billion); Morgan Stanley ($74 billion);Credit
Suisse First Boston ($73 billion); Merrill Lynch ($67 billion); Bear Stearns,
which is now part of JPMorgan Chase ($61 billion); and Goldman Sachs ($53
billion).
FROM CREOLE FOLKS
Obama Seeks Brother
of "Chicago Mob Boss" for Top White House Post
The
roaches and con-artist, fake journalist on cable news are all lying about
William Daley being all this and all that, this man is an open borders,
down with America, free trade globalist. MSNBC and Gretta "the
Scientology" Van Susteren from Fox News are knowingly deceiving the
public about D. Issa & his letter to "business owners"=which they
made into such a BIG DAM DEAL, but no one says anything when Barrack
Hussein Obama, comes around with all of these shady bankers, hedge fund
managers and Wall St. Tycoons, which he puts in his cabinet. All of
Obama's meeting with Wall Street asking, "What can I do for you?" is
never something covered by Keith Oberman or Rachel Maddow.
(Bloomberg)
-- President Barack Obama is considering naming William Daley, a JPMorgan
Chase & Co. executive and former U.S. Commerce secretary, to a
high-level administration post, possibly White House chief of staff, people
familiar with the matter said.
*
Obamanomics:
How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends,
Corporate Lobbyists, and Union Bosses
BY TIMOTHY P
CARNEY
Editorial Reviews
Obama Is Making
You Poorer—But Who’s Getting Rich?
Goldman
Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack
Obama was supposed to chase from the temple—are profiting handsomely from Obama’s Big Government policies that
crush taxpayers, small businesses, and consumers. In Obamanomics,
investigative reporter Timothy P. Carney digs up the dirt the mainstream media
ignores and the White House wishes you wouldn’t see. Rather than Hope and
Change, Obama is delivering corporate socialism to America, all while claiming
he’s battling corporate America. It’s
corporate welfare and regulatory robbery—it’s Obamanomics.
Congressman
Ron Paul says, “Every libertarian and free-market conservative needs to read Obamanomics.”
And Johan Goldberg, columnist and bestselling author says, “Obamanomics
is conservative muckraking at its best and an indispensable field guide to the
Obama years.”
If
you’ve wondered what’s happening to America, as the federal government swallows
up the financial sector, the auto industry, and healthcare, and enacts deficit
exploding “stimulus packages,” this book makes it all clear—it’s a big scam. Ultimately, Obamanomics
boils down to this: every time government gets bigger, somebody’s getting rich,
and those somebodies are friends of Barack. This book names the
names—and it will make your blood boil.
*
Obama Is Making You Poorer—But Who’s Getting Rich?
Goldman
Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack
Obama was supposed to chase from the temple—are profiting handsomely from
Obama’s Big Government policies that crush taxpayers, small businesses, and
consumers.
Investigative
reporter Timothy P. Carney digs up the dirt the mainstream media ignores and
the White House wishes you wouldn’t see. Rather than Hope and Change, Obama is
delivering corporate socialism to America, all while claiming he’s battling
corporate America. It’s corporate welfare and regulatory robbery—it’s
Obamanomics. In this explosive book, Carney reveals:
* The
Great Health Care Scam—Obama’s backroom deals with drug companies spell
corporate profits and more government control
* The Global Warming Hoax—Obama has bought off industries with a pork-filled bill that will drain your wallet for Al Gore’s agenda
* Obama and Wall Street—“Change” means more bailouts and a heavy Goldman Sachs presence in the West Wing (including Rahm Emanuel)
* Stimulating K Street—The largest spending bill in history gave pork to the well-connected and created a feeding frenzy for lobbyists
* How the GOP needs to change its tune—drastically—to battle Obamanomics
* The Global Warming Hoax—Obama has bought off industries with a pork-filled bill that will drain your wallet for Al Gore’s agenda
* Obama and Wall Street—“Change” means more bailouts and a heavy Goldman Sachs presence in the West Wing (including Rahm Emanuel)
* Stimulating K Street—The largest spending bill in history gave pork to the well-connected and created a feeding frenzy for lobbyists
* How the GOP needs to change its tune—drastically—to battle Obamanomics
If
you’ve wondered what’s happening to our country, as the federal government
swallows up the financial sector, the auto industry, and healthcare, and enacts
deficit exploding “stimulus packages” that create make-work government jobs,
this book makes it all clear—it’s a big scam. Ultimately, Obamanomics boils
down to this: every time government gets bigger, somebody’s getting rich, and
those somebodies are friends of Barack. This book names the names—and it will
make your blood boil.
*
Praise for Obamanomics
Praise for Obamanomics
“The
notion that ‘big business’ is on the side of the free market is one of
progressivism’s most valuable myths. It allows them to demonize corporations by
day and get in bed with them by night. Obamanomics is conservative
muckraking at its best. It reveals how President Obama is exploiting the big
business mythology to undermine the free market and stick it to entrepreneurs,
taxpayers, and consumers. It’s an indispensable field guide to the Obama
years.”
—Jonha Goldberg, LA Times columnist and best-selling author
—Jonha Goldberg, LA Times columnist and best-selling author
“‘Every
time government gets bigger, somebody’s getting rich.’ With this astute
observation, Tim Carney begins his task of laying bare the Obama
administration’s corporatist governing strategy, hidden behind the president’s
populist veneer. This meticulously researched book is a must-read for anyone
who wants to understand how Washington really works.”
—David Freddoso, best-selling author of The Case Against Barack Obama
—David Freddoso, best-selling author of The Case Against Barack Obama
“Every
libertarian and free-market conservative who still believes that large
corporations are trusted allies in the battle for economic liberty needs to
read this book, as does every well-meaning liberal who believes that expansions
of the welfare-regulatory state are done to benefit the common people.”
—Congressman Ron Paul
—Congressman Ron Paul
“It’s
understandable for critics to condemn President Obama for his ‘socialism.’ But
as Tim Carney shows, the real situation is at once more subtle and more
sinister. Obamanomics favors big business while disproportionately punishing
everyone else. So-called progressives are too clueless to notice, as usual,
which is why we have Tim Carney and this book.”
—Thomas E. Woods, Jr., best-selling author of Meltdown and The Politically Incorrect Guide™ to American History
—Thomas E. Woods, Jr., best-selling author of Meltdown and The Politically Incorrect Guide™ to American History
*
·
Hardcover: 256 pages
·
Publisher: Regnery Press (November 30,
2009)
·
Language: English
·
ISBN-10: 1596986123
·
ISBN-13: 978-1596986121
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