Why There Was No Depression

WASHINGTON POST, 10/5/2009 by Robert J. Samuelson (Hat tip: John Detweiler) - How close did we come to the Great Depression 2.0? That question will spawn a cottage industry of books, studies and conferences. But Christina Romer, the head of President Obama's Council of Economic Advisers, already has an answer: pretty darn close. Her conclusion deserves attention because Romer, in her previous academic career, was a scholar of the Great Depression. Read more at the Washington Post...

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TARP watchdog says Treasury lacking bank data

THE HILL.com, 7/19/2009 by Silla Brush - The top watchdog over the financial bailout package said the Treasury Department is rejecting "common sense" by not requiring banks receiving billions of dollars in government money to say how they are using the money. Read more at The Hill... Read More......

Glenn Beck: The Letter

GLENN BECK: 'THE LETTER', June 17, 2009 by Janet Contreras - GLENN: I got a letter from a woman in Arizona. She writes an open letter to our nation's leadership: I'm a home grown American citizen, 53, registered Democrat all my life. Before the last presidential election I registered as a Republican because I no longer felt the Democratic Party represents my views or works to pursue issues important to me. Now I no longer feel the Republican Party represents my views or works to pursue issues important to me. The fact is I no longer feel any political party or representative in Washington represents my views or works to pursue the issues important to me. There must be someone. Please tell me who you are. Please stand up and tell me that you are there and that you're willing to fight for our Constitution as it was written. Please stand up now. You might ask yourself what my views and issues are that I would horribly feel so disenfranchised by both major political parties. What kind of nut job am I? Will you please tell me?

Well, these are briefly my views and issues for which I seek representation: Read the 12 points of this letter at Glenn Beck's...

This article was referred by Linda Weimer, Corvallis Americans for Prosperity (AFP) Coordinator, who is organizing the second Corvallis TEA Party to be held on July 4, 2009 from 4-6pm in front of the Benton County Courthouse, 120 NW 4th Street.

This letter has gone viral!
Sign the petition: An open letter to our nation's leadership The petition site has experienced difficulties with the large amounts of traffic this issue has generated. Keep trying. Read More......

White House Puts UAW Ahead of Property Rights

TOWNHALL.COM, 5/7/09 by Michael Barone - Last Friday, the day after Chrysler filed for bankruptcy, I drove past the company's headquarters on I-75 in Auburn Hills, Mich. As I glanced at the pentagram logo, I felt myself tearing up a little bit. Anyone who grew up in the Detroit area, as I did, can't help but be sad to see a once great company fail.

But my sadness turned to anger later when I heard what bankruptcy lawyer Tom Lauria said on a WJR talk show that morning. "One of my clients," Lauria told host Frank Beckmann, "was directly threatened by the White House and in essence compelled to withdraw its opposition to the deal under threat that the full force of the White House press corps would destroy its reputation if it continued to fight." Read more at townhall.com... Read More......

Varney: Obama Wants to Control the Banks

WSJ OPINION JOURNAL, 4/4/2009 by Stewart Varney - There's a reason he refuses to accept repayment of TARP money. ∴ I must be naive. I really thought the administration would welcome the return of bank bailout money. Some $340 million in TARP cash flowed back this week from four small banks in Louisiana, New York, Indiana and California. This isn't much when we routinely talk in trillions, but clearly that money has not been wasted or otherwise sunk down Wall Street's black hole. So why no cheering as the cash comes back?

My answer: The government wants to control the banks, just as it now controls GM and Chrysler, and will surely control the health industry in the not-too-distant future. Keeping them TARP-stuffed is the key to control. And for this intensely political president, mere influence is not enough. The White House wants to tell 'em what to do. Read more at Wall Street Journal... Read More......

Speculation: Why did Bush back TARP?

Shocker: Electronic Money Market Run Nearly Destroyed US Economy
Rush Limbaugh, February 10, 2008
U.S. REPRESENTATIVE PAUL KANJORSKI (D-PA): On Thursday [September 18, 2008] at about 11 o'clock in the morning the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States, to the tune of $550 billion was being drawn out in a matter of an hour or two. The Treasury opened up its window to help. It pumped $105 billion in the system and quickly realized that they could not stem the tide; we were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn't be further panic out there. Read more at Rush Limbaugh (Hat tip: Hot Air)...



Relationship?

Caption: Obama at fund-raiser at Steven and Judy Gluckstern's home, April 9, 2007. George Soros is seated to the right of the stairs. (Photo [stitched]: Michael Edwards)
See NY Magazine article.

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