FACT REAL: GOVERNMENT WASTE: $11 trillion in bailouts so far...

GOVERNMENT WASTE: $11 trillion in bailouts so far...

READY TO PAY FOR GOVERNMENT WASTE?
$11 TRILLION IN BAILOUTS...BILLIONS IN BRIBES

While you are living your life, this is how government is wasting your money.

Pork, bribery and waste:
Bailout Summary (PDF),
Government Waste (PDF),
Problems with Obama’s budget,
Who pays the most taxes
...and more

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“We’re rightly horrified by fascist murderers like Hitler,”
“Why aren’t we also horrified by communist killers?”
(H/t: Reason.tv)

Che Guevara:
● Hated artists, so how is it possible that artists still today support the image of Che Guevara?
● Enforced aesthetic and political conformity.
● Sought to ban rock and roll and jazz.
● Ordered the execution of many people with no trial.
● Served as Castro’s chief executioner, presiding over the infamous La Cabaña Fortress prison.
● Killing innocents earned him the nickname—the Butcher of La Cabaña.
● Ordered several executions that were immediately carried out and were publicized by the Cuban media.
● Demanded no delays with the proceedings, admonishing: "This is a revolution. Do not use bourgeois legal methods; evidence is secondary. We must proceed to convict.”
● Showed no mercy for those sentenced to death and mocked and terrorized their suffering families.
(These events were deliberately publicized by the government in order to spread fear among the population)
● Inspired the concentration camps established in Cuba for youngsters, gays, and religious figures.
● Called for nuclear annihilation of the United States.
● Worked to establish Maoist-Communist revolution in Africa and Latin America.
● Idolized Mao’s violence.

Under Mao Zedong's communist regime in China:
● You had no right to talk..no right to think.
● The punishment for questioning Mao’s authority was often death.
● Mao killed 65 million people—which dwarfs Hitler’s body count. (Hat tip: Mark Levin)

...more

WHY AUTOMAKERS FAILED

1) ABUSIVE LABOR UNION REQUIREMENTS
● Wages $75 per hour. While Toyota pays $48.00
● Health care adds $1,200 to the cost of each vehicle. But only $215 for Toyota
● Retire after 30 years of service, irrespective of age
● Seven weeks' vacation
● Supporting More Retirees Than Active Workers
2) UNION WORKERS PAID TO NOT WORK
3) IDIOTIC GOVERNMENT STANDARDS
Making cars that Americans won't buy
4) EXCESSIVE GOVERNMENT INTERFERENCE
● Automakers have to pay for facilities they don't use to support revenue bonds for municipalities
● State laws protect dealers from termination
● Protectionism
5) SELFISH LABOR UNION

BANKRUPTCY IS THE ANSWER
Reorganization will allow for:
● State protection for dealers to disappear
● Labor contracts to be renegotiated
● Pension plans to be terminated or transferred
● Health benefits to be renegotiated

...more

*****FINANCIAL CRISIS *****

CHECK THE RECORDS YOURSELF
-->Video: How Financial Crisis Was Created
-->Investigation: How Politicians Manufactured the Financial Crisis

CONGRESSIONAL RECORDS
Democrats opposed regulations &
received $$$$ from Fannie Mae & Freddie Mac
record, record (PDF)

2002-2008: BUSH ADMINISTRATION TRIED TO STOP IT
2002-2007 record, 2008 record

SUMMARY OF FINANCIAL CRISIS:
1. Fannie Mae & Freddie Mac (F&F),
two quasi-government mortgage firms, went unpunished for their scams.
2. Democrats opposed regulations and defended Fannie Mae & Freddie Mac.
3. The 1995 Community Reinvestment Act (CRA) and ACORN (agitator group) forced Banks to give loans to unqualified borrowers.
4. When some borrowers stopped paying, foreclosures increased dramatically which led to financial crisis.

... more FINANCIAL CRISIS 101

COST OF BAILOUTS - 2008

JANUARY THRU SEPTEMBER 2008:
● $152 Billion The Stimulus Package
● $29 Billion Bear Stearns
● $9 Billion IndyMac Bank seized by Federal Reserve
● $42.5 Billion Housing & Economic Recovery H.R. 3221
● $200 Billion Fannie Mae and Freddie Mac Takeover
● $87 Billion Lehman Brothers: repayments to JPMorgan
● $70 Billion Lehman Brothers
● $85 Billion AIG Bailout
● $50 Billion Money Market Mutual Fund Backings
● $700 Billion Bad Loans Bailout
____________
$1.5 TRILLION DOLLARS (estimated)

...more on BAILOUTS, and here

FACT REAL

GOVERNMENT WASTE: $11 trillion in bailouts so far...

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