Tonight On The Randi Rhodes Show

PRE EMPTIVE FINANCIAL WAR DECLARED
THE FINAL PIECE OF SHOCK AND AWE

I’ve been takin a beatin out there.  It’s hard to be right when you’re left.  But I’ve been right.  I’ve said it so often that now everyone says it, “Privitize Profits, Socialize Losses “.  No one would say it when I said it, which would have been in time to prevent it, but just know that Privitizing Profits, Socializing Losses HAS BEEN the Bush Economic Policy  for 7 years.  It was doomed to fail.

Bush and Cheney allowed everything and anything in Financial Markets to occur and then after the heist do they have to return the money?  Hell no.  YOU put the money back into their failed businesses.  Yep.  This has been the greatest con job, bank heist, rip off, robbery, raping of the US Treasury in the History of the World.

Even if you don’t think it was grand theft, bailing out broke Financial Institutions who failed to safeguard their money makes sense to NO ONE.

The crisis isn’t really a crisis either.  This is PRE EMPTIVE.

One solution would be to simply negotiate with you.  Too simple, and who makes money that way?

The newspapers were screaming there is worthless paper out there being sold and resold to Financial Institutions.  This can’t work.  And then it didn’t.

It wasn’t just houses, it was OIL too.  Fake value was put on a barrel of crude by speculators.  The President did nothing.  The cost of everything sky rocketed.  Then speculators bet the price would go down and it did.  But the price at the pump stayed the same.  That’s because there was no relationship between the price of crude and the price at the pump.  It was all just manipulation.

Now in the middle of the night, over a weekend THE BAILOUT “plan” appears.  There are no new regulations attached to receiving the Bail Out money so this could happen all over again, and there are no “people” to sort through these loans so we have to “contract out” that job on top of it.

This is THE PATRIOT ACT ALL OVER AGAIN. Anything Congress RUSHES through will be THE WRONG RESPONSE  and take from you all that you have.  Freedom, privacy, money, credit, all of it must go!

The  massive “bailout package”  has to be paid for.

How? Perhaps a massive tax increase, definitely very tight credit markets for you and for small businesses.  There will be bank merger after bank merger which will limit competition for loans and bank services.  The Treasury will hire  “contractors”  through “no bid contracts”  to  place a “value” on valueless paper and set the price YOU have to pay to settle all the debt.  NO one will really know how to price these things.  NO one will know what they’re doing, but everyone will get INTO THE BUSINESS of buying and selling these worthless assets.

There will be a bail out of both foreign and domestic banks with your tax dollars, and all of this will happened without REGULATIONS or OVERSIGHT .

THE REAL SOLUTION IS THE ONE YOU KNOW.  If the markets were regulated NOW and Mortgage holders would be permitted to renegotiate the principal on their home loans this would STOP dead in it’s tracks.   Every individual with a bad loan could offer to pay 60 cents on the dollar, more or less and keep their home.

If we could make deals with credit card companies to settle our debts this would stop now because we’d have more money in our pockets to prop up the Economy.

If we raised taxes on Billionaires who created this mess and forced them to pay for this, This would stop NOW.

If we lowered taxes on Small Businesses  and gave them low cost inventory loans  THIS WOULD STOP NOW.

If we lowered taxes on everyone making less than 2M a year, and raised taxes through the roof on those who had profits of over $10 Million this would stop NOW.  Small businesses would pop up all over America and people could go back to work, small business would flourish and the taxes we pay at the lower rates would pay down the DEBT.

If we left Iraq NOW we would add  10 Billion a MONTH to the Treasury.

This Government Bailout of banks BEFORE they fail, including FOREIGN BANKS with Taxpayer dollars is PRE EMPTIVE FINANCIAL WAR on the American People.  It is the last part of Shock and Awe.

DO NOT SIT IDLY BY.  Demand that this stop.  DEAD COLD.

What we need and want is REREGULATION of FINANCIAL INSTITUTIONS .

  1. Give Homeowners the ability to negotiate home loans,  car loans,  credit card debt .
  2. Set up a Resolution Trust Corporation to buy back homes we can’t afford to keep  with a Board of Directors to monitor all purchases and sales.
  3. Immediately force Financial Institutions to stop paying dividends to shareholders.
  4. Sell the hard assets of failed financial institutions, offices, buildings, computers, desks, any real property they owned.
  5. Oversight on the entire Bailout process through a Board of Directors to oversee any acution of  company assets.
  6. Charge CEOs with fraud and levy huge fines on those who profited from Fraud and Misery.
  7. Enact a law that states that a CEO can not make more than 144 times the amount the lowest paid worker makes.
  8. Ban NO BID contracts with shadowy people who  for a profit  will price and sell assets, loans, banks.

Secretary of the Treasury  Henry Paulson  Former CEO of Goldman Sachs must NOT be left alone, unregulated in this process.

THIS IS PRE EMPTIVE FINANCIAL WAR ON THE AMERICAN PEOPLE. http://www.washingtonpost.com/wp-dyn/content/article/2008/09/20/
AR2008092001059_pf.html

The  BILL – It’s only 3 pages READ IT:
Treasury’s $700 Billion Plan: Henry Paulson hands you….and your grandkids…the bill for 20 years of recklessness.
http://blogs.wsj.com/economics/2008/09/20/treasury‘s-financial-bailout-proposal-to-congress/

Cash For Trash
Krugman details the “paradox of deliberating”…..a giant windfall at taxpayers expense
http://www.nytimes.com/2008/09/22/opinion/22krugman.html?_r=1&ref
=opinion&oref=slogin

Democrats – No Deal
The Democrats say NO DEAL without protections for Homeowners, Taxpayers, Oversight and Regulation
http://money.cnn.com/2008/09/22/news/economy/bailout_proposal_M
onday/?postversion=2008092209

This bail out is PRE EMPTIVE
There are no REGULATIONS ATTACHED TO THE MONEY  nor does it help any homeowner.
SHOCK AND AWE – THE FINANCIAL SHOCK.
The Bush Legacy: The Word For It Is “Rape”
http://thinkprogress.org/2008/09/21/bush-legacy-taxpayer-funds/

IRAQ RECONSTRUCTION

  • $142 million wasted on reconstruction projects that were either terminated or canceled. [Special Inspector General for Iraq, 7/28/08]
  • “Significant” amount of U.S. funds for Iraq funneled to Sunni and20Shiite militias. [GAO Comptroller, 3/11/08]
  • $180 million payed to construction company Bechtel for projects it never finished. [Federal audit, 7/25/07]
  • $5.1 billion in expenses for Iraq reconstruction charged without documentation. [Special Inspector General for Iraq Reconstruction report, 3/19/07]
  • $10 billion in spending on Iraq reconstruction was wasteful or poorly tracked. [GAO, 2/15/07]
  • Halliburton overcharged the government $100 million for one day’s work in 2004. [Project on Government Oversight, 10/8/04]

KATRINA

  • Millions wasted on four no-bid contracts, including paying $20 million for an unusable camp for evacuees. [Homeland Security Department Inspector General, 9/10/08]
  • $2.4 billion in contracts doled out by FEMA that guaranteed profits for big companies. [Center for Public Integrity investigation, 6/25/07]
  • An estimated $2 billion in fraud and waste — nearly 11 percent of the $19 billion spent by FEMA on Hurricanes Katrina and Rita as of mid-June. [New York Times tally, 6/27/06]
  • “Widespread” waste and mismanagement on millions for Katrina recovery, including at least $3 million for 4,000 beds that were never used. [GAO, 3/16/06]

DEFENSE CONTRACTS

  • A $50 million Air Force contract awarded to a company with close ties to senior Air Force officers, in a process “fraught with improper influence, irregular procedures, glaring conflicts of interest.” [Project on Government Oversight, 4/18/08]
  • $1.7 billion in excessive fees and waste paid by the Pentagon to the Interior Department to manage federal lands. [Defense Department and Interior Department Inspectors General audit, 12/25/06]
  • $1 trillion unaccounted for by the Pentagon, including 56 airplanes, 32 tanks, and 36 Javelin missile command launch-units.20[GAO, 5/18/03]

The Empire Strikes Back
The same banking industry begging for help from us launches an Army of lobbyists to control the rescue plan
http://online.wsj.com/article/SB122204115528161189.html?mod=article-
outset-box

Paulson: His Master’s Servant
He was at the helm when this financial Titanic cruised towards and hit the iceberg……now Henry Paulson…still a loyal Bushie…wants to steer the rescue ship.
http://www.msnbc.msn.com/id/26817453/

Give Us Our Parachutes…Or We Wont Play.
Paulson roadblocks compensation limits on the useless players who got us into this fix.
http://www.politico.com/news/stories/0908/13717.html

The Meltdown: The For-Profit Vultures Circle
The Bush bailout actually suggests we turn over the mismanaged wreckage of the private sector….to the private sector

“….The government could contract with private companies to manage the assets it purchased under the rescue….”
http://ap.google.com/article/ALeqM5ioHc80xKMiATnqCpK0cDKJ
zk_nPQD93AO52G0

Morgan and Goldman Sachs become BANKS
http://www.bloomberg.com/apps/news?pid=20601087&sid=aoDmO_d0IJ
SU&refer=home

AL QAEDA IS GETTING EXACTLY WHAT THEY WANTED.  DESTROY OUR ECONOMY AND KILLING AMERICANS ALL OVER THE WORLD LAST WEEK THE AMERICAN EMBASSY IN YEMEN – AND THE PRESIDENT SAID NOTHING
http://afp.google.com/article/ALeqM5jsx4CIYuiPBJT41ukRXnzUrrkw4A

THIS WEEKEND THE MARRIOT HOTEL IN ISLAMABAD WHERE AMERICANS STAY IN PAKISTAN AND THE PRESIDENT SAID NOTHING
http://www.csmonitor.com/2008/0922/p04s01-wosc.html
Homework for Monday, September 22, 2008

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: