Bailout Summary

SENATORS ON SALE
Republicans reaching a compromise (2/6/2009):
Collins .......call her:(202) 224-2523
Snowe .......call her:(202) 224-5344
Specter .....call him (202) 224-4254

Send email and contact other senators as well: contact info.
(H/t: MichelleMalkin.com)


STIMULUS=SPENDING?
OBAMA NEEDS A DICTIONARY (2/5/2009)
The root of the problem with this "Stimulus" bill is that Obama thinks that stimulus equals spending. Ah?
How much money will government spend if they issue tax cuts for businesses and consumers!!!!!

Here is the "illuminated" Obama (go to minute 7:30)


Can someone give a dictionary to Obama? And not a marxist dictionary, pleeeasssee!

PS: Did you notice Obama's derisive & contemptuous attitude towards the opposition. Didn't he promise bi-partisanship, humility, new era of politics?

Is Obama turning into Howard Dean?


COJONES BACK IN GOP. THANK YOU!
BRIBE BILL PASSES THE HOUSE. OBAMA GETS A PARTISAN VOTE.
All Republicans & 11 Democrats voted in a bi-partisan way....AGAINST IT!

HOUSE BILL INFO H.R.1
Status 1/28/09:--Passes the House, 244-188 (with 1 not voting)
Short Name:-----American Recovery and Reinvestment Act of 2009
Nickname:-------“Stilumus”,
Generational Theft Act of 2009, Porkulus, Bribe
Official Title:----Making supplemental appropriations for job preservation and creation, infrastructure investment,
----------------------energy efficiency and science, assistance to the unemployed, and State and local fiscal stabilization, for fiscal year
---------------------------- ending September 30, 2009, and for other purposes.

REPUBLICANS WHO VOTED 'NO':
Contact them to say thank you: (202) 224-3121 or email
Robert Aderholt, Todd Akin, Rodney Alexander, Steve Austria, Michele Bachmann, Spencer Bachus, J. Gresham Barrett, Roscoe Bartlett, Joe Barton, Judith Biggert, Brian Bilbray, Gus Bilirakis, Rob Bishop, Marsha Blackburn, Roy Blunt, John Boehner, Jo Bonner, Mary Bono, John Boozman, Charles Boustany, Kevin Brady, Paul Broun, Henry Brown, Vern Buchanan, Michael Burgess, Dan Burton, Steve Buyer, Ken Calvert, Dave Camp, John Campbell, Eric Cantor, Anh Cao, Shelley Moore Capito, John Carter, Bill Cassidy, Michael Castle, Jason Chaffetz, Howard Coble, Michael Coffman, Tom Cole, Michael Conaway, Ander Crenshaw, John Culberson, Geoff Davis, Nathan Deal, Charles Dent, Lincoln Diaz-Balart, Mario Diaz-Balart, David Dreier, John 'Jimmy' Duncan, Vernon Ehlers, Jo Ann Emerson, Mary Fallin, Jeff Flake, John Fleming, Randy Forbes, Jeff Fortenberry, Virginia Foxx, Trent Franks, Rodney Frelinghuysen, Elton Gallegly, Scott Garrett, Jim Gerlach, Phil Gingrey, Louie Gohmert, Bob Goodlatte, Kay Granger, Sam Graves, Brett Guthrie, Ralph Hall, Gregg Harper, Doc Hastings, Dean Heller, Jeb Hensarling, Wally Herger, Peter Hoekstra, Duncan Hunter, Bob Inglis, Darrell Issa, Lynn Jenkins, Sam Johnson, Tim Johnson, Walter Jones, Jim Jordan, Peter King, Steve King, Jack Kingston, Mark Kirk, John Kline, Steven LaTourette, Doug Lamborn, Leonard Lance, Tom Latham, Robert Latta, Christopher Lee, Jerry Lewis, John Linder, Frank LoBiondo, Frank Lucas, Blaine Luetkemeyer, Cynthia Lummis, Daniel Lungren, Connie Mack, Donald Manzullo, Kenny Marchant, Kevin McCarthy, Michael McCaul, Tom McClintock, Thad McCotter, Patrick McHenry, John McHugh, Buck McKeon, Cathy McMorris Rodgers, John Mica, Gary Miller, Candice Miller, Jeff Miller, Jerry Moran, Tim Murphy, Sue Myrick, Randy Neugebauer, Devin Nunes, Pete Olson, Ron Paul, Erik Paulsen, Mike Pence, Thomas Petri, Joe Pitts, Todd Platts, Ted Poe, Bill Posey, Tom Price, Adam Putnam, George Radanovich, Dennis Rehberg, David Reichert, Phil Roe, Mike Rogers, Hal Rogers, Mike Rogers, Dana Rohrabacher, Thomas Rooney, Ileana Ros-Lehtinen, Peter Roskam, Edward Royce, Paul Ryan, Steve Scalise, Jean Schmidt, Aaron Schock, Jim Sensenbrenner, Pete Sessions, John Shadegg, John Shimkus, Bill Shuster, Michael Simpson, Lamar Smith, Christopher Smith, Adrian Smith, Mark Souder, Cliff Stearns, John Sullivan, Lee Terry, Glenn Thompson, Mac Thornberry, Todd Tiahrt, Pat Tiberi, Michael Turner, Fred Upton, Greg Walden, Zachary Wamp, Lynn Westmoreland, Ed Whitfield, Joe Wilson, Robert Wittman, Frank Wolf, Bill Young, Don Young Ginny Brown-Waite


SOURCES:
Roll Call Vote on H.R. 1
Washington Post Database
Today was good day for conservatism



OBAMA, TRILLION-DOLLAR MAN (for now)
STIMULUS (BRIBE) PACKAGE BEING RAMMED BY OBAMA

The new $825 Billion proposal (plus $346 Billion in interest) includes:
More waste:
● $21 million for sod
● $200 million for the National Mall
● $600 million for new cars for the federal government
● $650 million for digital TV coupons
● $6 billion for colleges/universities
(many which have billion dollar endowments)
● $50 million in funding for the National Endowment of the Arts
● $44 million for repairs to U.S. Dept. of Agriculture headquarters
● billions of taxpayer dollars to left-wing groups like ACORN
● funding for contraceptives and the abortion industry

--(eugenics-lover Democrat Nancy Pelosi said "contraception will reduce costs to the states and
--to the federal government.")
$75 million for smoking cessation
More lies:
● only 3% (or $30 billion) of the bill is for road and highway spending
● only 2.7 percent (or $22.3 billion) of the overall package, is for to small business tax relief (smal businesses are the main job providers in the nation)
More fallacies:
● Highway Spending: The Myth of the 47,576 New Jobs
"....before the government can spend $1 billion hiring road builders and pur­chasing asphalt, it must first tax or borrow $1 bil­lion from other sectors of the economy—which would then lose a similar number of jobs. In other words, highway spending merely transfers jobs and income from one part of the economy to another." indicates Heritage
Bills text here:
ReadTheStimulus.org
Searchable text version of Senate & House Bribe Packages


WE CAN'T AFFORD OBAMA:
What the Stimulus Will Cost Working Families


To finance the $825 billion "stimulus" (bribe) package, it will take:


ONE YEAR budget for food, clothing, housing and health care of EVERY FAMILY will be needed

- every family in the United States would be lending the federal government $10,520,

- or each family with children under the age of 18 would lend $22,445.


This money is being borrowed, meaning it will have to be repaid

by either taxing it from future generations or borrowing even more funds.

(Hat tip:
“Stimulus” you can’t afford, The Foundry)










GOVERNMENT SPENDING DOES NOT STIMULATE
Why Government Spending Does Not Stimulate Economic Growth
Most government spending has historically reduced productivity and long-term economic growth due to:
1. Taxes. Most government spending is financed by taxes, and high tax rates reduce incentives to work, save, and invest—resulting in a less motivated workforce as well as less business investment in new capital and technology.
2. Incentives. Social spending often reduces in­centives for productivity by subsidizing leisure and unemployment.
3. Displacement. Every dollar spent by politicians means one dollar less to be allocated based on market forces within the more productive pri­vate sector....politicians seize that money and earmark it for favored organizations with little regard for improve­ments to economic efficiency;
4. Inefficiencies. Government provision of housing, education, and postal operations are often much less efficient than the private sector. Government also distorts existing health care and education markets by promoting third-party payers, resulting in over-consumption and insensitivity to prices and outcomes. Another example of inefficiency is when politicians earmark highway money for wasteful pork projects rather than expanding highway capacity where it is most needed.


HISTORY: NEW DEAL = RAW DEAL

source: Heritage, report


HISTORY: TAX CUTS STIMULATE
Why Tax Rate Reductions Are More Stimulative Than Rebates: Lessons from 2001 and 2003

source: report


NOT A CONSENSUS, MR. OBAMA
200 Economists oppose Obama’s Bribe Proposal
More Economists comments in opposition
More analysis against the “Stimulus”


SOLUTIONS
Heritage
○ Instead of creating higher taxes for families by increasing government spending, policymakers should instead consider extending or making permanent the 2001 and 2003 tax reductions and should reduce individual, small business, and corporate taxes.
○ Extending these tax cuts and further reducing taxes would stimulate job production and increase gross domestic product, thereby improving our economy and shortening the length of the recession.
The Obama-Limbaugh Bipartisan Stimulus Plan of 2009
Proposed by Rush Limbaugh: "...54% voted for President Obama and 46% voted for Senator McCain. As a way to bring the country together and at the same time determine the most effective way to deal with recessions, under the Obama-Limbaugh Stimulus Plan of 2009, $540 billion of the one trillion will be spent on infrastructure as defined by President Obama and the Democrats. The remaining $460 billion, or 46% that voted for Senator McCain, will be directed towards tax cuts, as determined by me. These tax cuts will consist primarily of capital gains tax cuts and corporate tax rate cuts. …Then we see which stimulus actually works and works the fastest…”

SEMANTICS
Call it stimulus, rescue, bailout...is all the same....BRIBE.



BAILOUTS SO FAR...$8 TRILLION
GOVERNMENT TAKEOVER - TAXPAYERS WILL PAY

click image to enlarge


HOW YOUR MONEY IS BEING SPENT
● Buying future Democrat votes:
Acorn's Seed Money (ACORN is the radical group involved in voter fraud and in the housing meltdown)
ACORN Watch: Left-wing fraudsters “could get billions” in stimulus money
Citi Forks over 1 Million to La Raza
Citibank - the Left’s favorite bank
Donations to Liberals
Struggling Banks Paid President Clinton $2.1 million
--Four major banks, including one that collapsed, two that received federal bailout money and one that filed for bankruptcy
--this past September, paid former President Clinton $2.1 million for 13 speeches:
--Bill Clinton received from:
----Citigroup $700,000
----Goldman Sachs $950,000
----Lehman Brothers $300,000
----Merrill Lynch paid $175,000

● Waste & Scams
UAW Union Bosses Scam the system
Automobile Union Bosses Accused Of Abusing Overtime

Say What?
Ailing Chrysler wants another $3 billion of your money while underwriting a movie
Chrysler plans to help underwrite the fourth installment of the “Terminator” movie series, “Terminator Salvation,” where it will place its vehicles in cameo roles.

SOURCES
Government Bailout Hits $8.5 Trillion (San Francisco Chronicle)
Bailout Breakdown (CNN)
Bailouts: Growing Debt for Taxpayers
Bailouts: All for Government Expansion
Middle of the night bailout for Bank of America; TARP investigation of BoA and Citigroup/Jesse Jackson event requested
Generational Theft Act of 2009




Geithner's Rap Sheet

TIMOTHY F. GEITHNER – TREASURY SECRETARY
THE MASK BEHIND THE FAILED BAILOUTS, TAX EVASIONS, DROP OF THE DOLLAR, ETC.

Graphic: Portfolio.com--------------------------------------------------------------------------------Photo NYT: Geithner, Bernanke, Treasury
------------------------------------------------------------------------------------------------------------ testified about Bear Steans


KING OF THE BAILOUTS
Architect of the failed bailouts of 2008
As President of the Federal Reserve Bank of New York, which serves as main link to the financial markets:
has been main architect of Bush Administration response to the financial crisis and Wall Street bailouts
got Treasury Secretary Paulson and Fed Chairman Ben Bernanke to approve his Machiavellian plan
is the New York central banker who in secret crafted the bailouts - not at Bush’s White House or Treasury
ignored criticism of his New York Fed’s lack of transparency
Behind government intervention of Bear Stearns, AIG, Lehman Brothers, Wachovia, etc.
was behind the bailouts of the investment bank BEAR STEARNS and the government takeover of insurance giant (AIG)
circumvented rules to arrange the bailout of BEAR STEARN’s creditors
was driving force in bailing out BEAR STEARNS….or in the … bankruptcy filing of the investment bank LEHMAN BROTHERS
○ showed favoritism toward Citigroup — the financial firm where his mentor, former Treasury Secretary Robert Rubin, serves as a director and senior counselor.
pushed for CITI to take over troubled banker WACHOVIA with government bailout, even after WELLS FARGO offered to buy WACHOVIA at higher price and not cost to taxpayers
Big Government guy:
believes that the Treasury Dept. should be given vast powers to develop experimental strategies for responding to the crisis. He will be Paulson II.

TAX EVASION
● Did not pay his taxes tax documents here, or here
did not paid some $42,000 in federal taxes from 2001 through 2004 while working for the International Monetary Fund (IMF) which oversees the global financial system
○ as an employee of the IMF, he was considered self-employed and was responsible for paying his self-employment taxes
paid $26,000 of that debt after Obama tapped him as his choice for Treasury Secretary
● Kept tax reimbursements of taxes he did not pay
○ he kept the IMF’s tax allowances instead of paying his taxes (the IMF gives its employees an extra allowance so the employees can pay their self-employment taxes)
● Illegal deductions
○ deducted unallowable expenses and did not amended them: i.e., overnight camps of his dependent child in 2001, 2004 and 2005
○ improper small-business deduction, a charitable-contribution deduction for ineligible items, and the expensing of utility costs that went for personal use.
● Employment of illegal maid

CLINTON BUREAUCRAT
Clinton bureaucrat
○ his mentor was Clinton’s Treasury Secretary, Lawrence H. Summers, who now will serve as a senior economic adviser to Obama
○ worked under Treasury Secretary Robert E. Rubin and Summers to guide the Clinton administration's response to currency collapses
○ in the last years of the Clinton administration, Geithner was promoted to undersecretary when Summers became Treasury secretary.

MORE STUPID ACTIONS
As if being one of the main instigators of the failed bailouts and evading his taxes are not enough, the next Treasury Secretary is creating more troubles:
the dollar promptly fell and gold jumped $40 after Geithner said the Obama Administration “believes that China is manipulating its currency”

NOTES TO PONDER
With no experience in private banking or finance, he has been the mask behind the bailouts. Who are the faces behind the bailout-government-takeover?
How can you be head of the Department of Treasury which oversees the IRS, when you have tax problems?
Despite all his tax evasions, this man will be the nation’s chief tax collector – Obama vowed to be the most transparent and clean administration ever. Obama, you fail again.
He claims he committed an honest mistake [in not paying his taxes for years] which sounds like a pathetic excuse coming from a man considered to be a brilliant financial markets specialists

LATEST
U.S. Senate Approves Geithner. Final vote 60-34.
No surprise here: a tax-cheater will lead the IRS. Viva the change in bizarro USA!

Obama's War

Obama Bombs Pakistan – Kills 22
Remote-controlled US airstrikes killed 22 people at suspected terrorist hideouts inside Pakistan

Obama Begins Air-Raiding Villages & Killing Innocent Civilians

A few questions about President Obama’s first airstrike:
○ Where are the anti-war liberals?
○ Where are the baby-killer signs?
○ Why [aren't] the major media networks showing pictures of dead children as a result of Pres. Obama’s air strike?
○ How many innocent civilians were killed?
○ Why didn't he try diplomacy first? So much for "hope" or "change".


US Attacked
US Embassy in Yemen Attacked
No more O-Kumbaya: Gunmen attack US embassy in Yemen
Al-Qaeda #3 Calls For Attacks on US & Britain


Gitmo Coming To Your Neighborhood?
9/11 Family Member Appalled at Obama's Gitmo Closing
Murtha Would Welcome Gitmo Terrorists
Gitmo's Ghosts


Love Thy Terrorist
Obama Camp Announces Talks With Iran Without Preconditions
Obama Speaks to Al-Arabiya... Refuses to Link Islam to Terror--Says All Religions Have Extremists
From Russia With Love: Iran Gets Top Air Defense System

The Left Abused Bush, Now Demands Love For Obama

INTOLERANCE DURING INAUGURATION
BUSH MOCKED BY OBAMA-ROBOTS
Is this how they are going to unite the country?

H/t: GatewayPundit, MichelleMalkin: Parting shot, HotAir: Obama Cultists Jeer Departing Bush

THE LEFT DIVIDES: THEY HATE BUSH BECAUSE HE IS NOT A LEFTIST
The left doesn't hate Bush per se. The left spews their hate towards anyone who dares to think differently. Bush, Palin, Reagan, etc. The left demonizes anyone who doesn't submit to the communist demagogic slogans. For 8 years, the left and the mainstream media demonized everything the Bush Administration did. The facts did not matter to them. For weeks, they did everything to destroy Governor Sarah Palin. They even accused her husband of incest. For decades, they have been re-writing the successful legacy of Ronald Reagan. Now, the left (including most in the mainstream media & Hollywood) are pressing the 52 million American who did not vote for Obama to submit to the Obama-mania. Now, they want us to love Obama and give him every pass. Shouldn't we treat Obama the same way they treated Bush?

THE LEFT DESTROYS: CLINTONS VANDALIZED WHITE HOUSE IN 2001
Bush executed a perfect transition for Obama (even facilitating Obama's socialistic bailouts). Bush brought decorum back to the presidential transition. Contrary with the Clinton transition in 2001: “…Clinton staffers ripped phone cords from walls, left obscene voicemail messages, defaced bathrooms and vandalized computer keyboards by removing the ”W” keys when they left the White House. A number of items, including a 12-inch presidential seal and several antique doorknobs, were assumed stolen.” They also glued desk drawers, and removed doorknobs.
LA Times: Clinton Transition Left $15,000 Damages
NY Times: White House Vandalized in Transition
GAO: Damages During the 2001 Presidential Transition

NOTE TO PONDER: Even though the media and the GAO downplayed the damages, it was clear the Clinton staffers engaged in vandalism and thievery which amounted to criminal act. The Bush Administration decided not to prosecute. What if the Bush staffers would have vandalised the White House and sabotaged the Obama transition team?

PIÑATA (AKA Bailout, Rescue...)

PIÑATA: Why the Automakers Failed


Call it what you want.
The consequence is the same:

BIGGER GOVERNMENT.
LESS INDIVIDUAL FREEDOMS.

Give away money, and you'll get an endless line of takers.


photo: sunshinespartyrentals.com


1) ABUSIVE LABOR UNION REQUIREMENTS
The Union:
The United Auto Workers (UAW)
The Big 3: Automakers GM, Ford, and Chrysler in Detroit
The UAW labor union has handcuffed Detroit’s Big 3 automakers with unreasonable, unrealistic burdens and inflexible, anti-competitive work rules.






















Wages $75 per hour. While Toyota pays $48.00
Union contracts force the Big 3 to pay UAW workers approx. $30 more per hour than competitors like Toyota. more
Union workers earn $75 an hour in wages and benefits - almost triple the earnings of the average private sector worker. more
● Health care adds $1,200 to the cost of each vehicle. But only $215 for Toyota.
Union autoworkers have substantially more health, retirement, and paid time off benefits than most Americans. The UAW's lavish and comprehensive health benefits added $1,200 to the cost of each vehicle produced in the United States.The Japanese automakers provide standard health benefits to their American employees. So, health care for active workers cost Toyota $215 per vehicle in 2006.
● Retire after 30 years of service

UAW employees work under a 30-and-Out contract that allows them to retire with generous pension benefits after 30 years on the job, irrespective of age.
● Seven weeks' vacation
A Chrysler worker with 15 years' tenure was entitled to 34.5 paid holidays and vacation days in 2006 -- seven weeks in paid time off. This is three weeks more paid vacation than the average private sector worker with similar tenure.
● More Retirees Than Active Workers

GM support three times more retirees than active workers. They also pay other contractual obligations such as health coverage for union retirees.
● 22-Pounds of Union Rules and Regulations

That is 2,215 pages for Ford's 2007 master contract.

If you want to read the contracts for Ford, GM, Chrysler,
visit: “22 Pounds of UAW Rules and Regulations”, LaborPains.org
Hat tip: MichelleMalkin.com)


2) PAYING WORKERS TO NOT WORK
UAW's "Jobs Bank" program guarantees that UAW workers are paid nearly full wages to NOT work. Under UAW contracts, workers whom the automakers let go when plants close are not laid off. Instead, after exhausting regular unemployment payments from the automakers and the government, they are transferred to a JOBS bank where they are paid nearly full wages to not work...more


3) IDIOTIC GOVERNMENT STANDARDS
Government is forcing them to make cars that Americans won't buy. Federal mileage standards are forcing car manufacturers to produce small cars that make little or no profit at plants organized by the United Auto Workers (UAW)...more


4) EXCESSIVE GOVERNMENT INTERFERENCE & POOR MANAGEMENT
● Automakers have to pay for facilities they will probably never use again to support revenue bonds for municipalities

GM owns or leases enormous amounts of property for facilities it's not using and probably will never use again, and is obliged to support revenue bonds for municipalities that issued them to build these facilities...more
● State Laws Protect Dealers from Termination

The Big 3 have to keep 15,710 independent dealerships happy nationwide, compared to only 4,000 for all their Japanese competitors...more
GM knows it needs fewer brands and dealers, but the dealers are protected from termination by state laws. This makes eliminating them and the brands they sell very expensive...more
● Antiquated dealership structures

These prevent the Big 3 from instituting modern and more flexible inven­tory-management practices and selling cars over the Internet.
● Protectionism

Years of protectionism, such as import restrictions, complex fleet requirements, and regulations that raise costs for foreign produc­ers, shielded the Big 3 from competition in vital markets. Since the Big 3 felt unchallenged, their creativity evaporated...more
● No Incentive. No Vision.

Fat years and government interference allowed the automakers, the union and their workers to put off restructuring their labor agree­ments even as foreign competitors opened U.S. plants that could produce cars of higher quality with fewer workers and at less cost...more
If GM and the others have done so much to raise productivity and improve their products, they would attract private capital. Investors are always looking for profitable ventures.
Why should we “trust the same management and union officials who got the Big Three into this mess to get them out?”
“If no private investors believe the Big Three restructuring plans are realistic enough to support with their own money, why should we put up taxpayer money?”...more


5) SELFISH LABOR UNION-The United Auto Workers (UAW)
● The labor union UAW loves money too:

The UAW's "net assets reportedly worth an estimated $1.23 billion....annual income from member dues, interest and other revenues exceeded $300 million in 2006."
Make UAW Sell its Championship Golf Course Before a Bailout
● The UAW owns an upscale golf course (!!!)

which "complements the Center’s recreational facilities....a beautiful gym with two full-sized basketball courts, an Olympic-size indoor pool, and exercise and weight room, table-tennis and pool tables, a sauna, beaches, walking and bike trails, softball and soccer fields and a boat launch ramp." Even that, the UAW could not manage:
Money pit: The UAW’s gold-plated golf course
● The UAW resisted making any concessions

until 2007 - when bankruptcy became an impending reality.
● The UAW cared only about getting juicy labor contracts.

It didn’t care if the company was profitable. Their ridiculous standards are not sustainable in a competitive economy.
● The UAW will lose if the Big 3 go into bankruptcy
because a bankruptcy judge could order union contracts to be renegotiated to reflect competitive realities.
● It's actually a UAW bailout:

The so-called automaker bailout should be called a UAW bailout. The union will not allow companies to deploy capital in ways that the market would dictate such as closing plants and layoffs. That's why UAW opposed the GM/Chrysler merger and a government role in it. more

BAILOUT IS NOT THE ANSWER
● A bailout will hurt the overall economy by misallocating resources.
● A bailout will encourage other industries to seek taxpayer handouts.
● A bailout is a perverse transfer from middle-class to top earners...more
Fascism: politicians deciding who gets those resources? Congressmen will make their decisions on the basis of political considerations, such as who gave them contributions or might finance a get-out-the-vote drive in the next election. Having Congress tell auto companies how to make cars and what to pay executives is offensive...more
Bailouts keep the companies dependent on government aid.

BANKRUPTCY IS THE ANSWER
Reorganization under Chapter 11 of the bankruptcy code 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.
● Mortgaged assets to be abandoned, so plants could be closed...more
The companies need to cleanse themselves of bad investments born of years of policy errors and managerial blunders.

LATEST
See how your Representatives voted: (great work from MichelleMalkin.com)
● House: House passes UAW bailout 237-170. Check how your Congressmen voted
● Senate: Final roll call vote on the UAW bailout. Final vote: 52-35. FAIL!

What’s next?
They will not stop until they socialize the whole country. Mr. Bush, you are wrong, too. When have you seen liberals happily working with President Bush? Only when the goal is to destroy America.
Bush May Tap $700B Bailout For Big Three
No TARP money for UAW bailout: It’s illegal

THANKSGIVING REAL STORY

THANKSGIVING - As Written by the Pilgrims


THE PILGRIMS SIGNED THE MAYFLOWER COMPACT IN 1620
Contemporary Transcription:
In the name of God, Amen. We, whose names are underwritten, the Loyal Subjects of our dread Sovereign Lord, King James, by the Grace of God, of Great Britain, France and Ireland, King, Defender of the Faith, etc.

Having undertaken for the Glory of God, and Advancement of the Christian Faith, and the Honour of our King and Country, a voyage to plant the first colony in the northern Parts of Virginia; do by these Presents, solemnly and mutually in the Presence of God and one of another, convenant and combine ourselves together into a civil Body Politic, for our better Ordering and Preservation, and Furtherance of the Ends aforesaid; And by Virtue hereof to enact, constitute, and frame, such just and equal Laws, Ordinances, Acts, Constitutions and Offices, from time to time, as shall be thought most meet and convenient for the General good of the Colony; unto which we promise all due Submission and Obedience.
In Witness whereof we have hereunto subscribed our names at Cape Cod the eleventh of November, in the Reign of our Sovereign Lord, King James of England, France and Ireland, the eighteenth, and of Scotland the fifty-fourth. Anno Domini, 1620.

click image to enlarge

Actual Transcription:
In ye name of God, Amen. We whose names are underwritten, the loyal subjects of our dread sovereign Lord King James by ye grace of God, of Great Britaine, Franc, & Ireland king, defender of ye faith, &c.

Haveing undertaken, for ye glorie of God, and advancemente of ye Christian faith, and honour of our king & countrie, a voyage to plant ye first colonie in ye Northerne parts of Virginia, doe by these presents solemnly & mutualy in ye presence of God, and one of another, covenant & combine our selves togeather into a civill body politick; for our better ordering & preservation & furtherance of ye ends aforesaid; and by vertue hearof, to enacte, constitute, and frame shuch just & equall lawes, ordinances, acts, constitutions, & offices, from time to time, as shall be thought most meete & convenient for ye generall good of ye Colonie: unto which we promise all due submission and obedience. In witnes wherof we have hereunder subscribed our names at Cap-Codd ye .11. of November, in ye year of the raigne of our soveraigne lord King James of England, France, & Ireland ye eighteenth, and of Scotland ye fiftie fourth. Ano: Dom .1620



PILGRIMS GAVE THANKS TO GOD:
● The grateful Pilgrims therefore declared a three-day feast in December 1621 to thank God and to celebrate with their Indian friends.
● It is primarily from the Pilgrim’s Thanksgiving celebration of 1621 that we derive the current tradition of Thanksgiving Day.


PILGRIMS' CAPITALISM WORKED:
● For the Pilgrims, life was a constant battle for survival. Later, Governor William Bradford made a decision. Instead of the colonists sharing their crops equally, he assigned a parcel of land to each family and told them they could keep whatever they produced for themselves.
● 'This had very good success, for it made all hands industrious, so as much more corn was planted than otherwise would have been.' If you can keep everything you make, of course you're going to work harder. more


PILGRIMS JOURNALS - Full of References to God

"Of Plimoth Plantation" by William Bradford
(the 2nd Governor of the Pilgram's colony)
e-book: Bradford’s History of Plymouth Plantation 1606-1646
e-book: History of Plymouth Plantation, 1620-1647

records: Massachusetts Records:
"The earliest material in the manuscript collection is a letter written in Salem in 1641, and William Bradford's hand-written account of the first years of the colony at Plymouth. The Pilgrims sailed from England on the Mayflower and arrived in Massachusetts in 1620. Bradford served as the colony's first governor. Later in life he wrote an account of the settlement from 1620 to 1646, titling it "Of Plimoth Plantation." The record is an invaluable source for the early history of Massachusetts and the United States. The manuscript contains a copy of the Mayflower Compact (the original copy, written on board the Mayflower, no longer exists) and a list of passengers who sailed on the vessel. The manuscript is not available for viewing by the general public."








click image to enlarge

OBAMA ADMINISTRATION

OBAMA'S CABINET OF "CHANGE"...









report: The ObaHillary Morph: Recycling you can Believe in
(Hat tip: MichelleMalkin.com)


TIMOTHY F. GEITHNER – TREASURY SECRETARY
THE MASK BEHIND THE FAILED BAILOUTS, TAX EVASIONS, DROP OF THE DOLLAR, ETC.

Graphic: Portfolio.com--------------------------------------------------------------------------------
Photo NYT: Geithner, Bernanke, Treasury------------------------------------------------------------------------------------------------------------ testified about Bear Steans

KING OF THE BAILOUTS
● Architect of the failed bailouts of 2008
As President of the Federal Reserve Bank of New York, which serves as main link to the financial markets:
has been main architect of Bush Administration response to the financial crisis and Wall Street bailouts
got Treasury Secretary Paulson and Fed Chairman Ben Bernanke to approve his Machiavellian plan
is the New York central banker who in secret crafted the bailouts - not at Bush’s White House or Treasury
ignored criticism of his New York Fed’s lack of transparency
● Behind government intervention of Bear Stearns, AIG, Lehman Brothers, Wachovia, etc.
was behind the bailouts of the investment bank BEAR STEARNS and the government takeover of insurance giant (AIG)
circumvented rules to arrange the bailout of BEAR STEARN’s creditors
was driving force in bailing out BEAR STEARNS….or in the … bankruptcy filing of the investment bank LEHMAN BROTHERS
○ showed favoritism toward Citigroup — the financial firm where his mentor, former Treasury Secretary Robert Rubin, serves as a director and senior counselor.
pushed for CITI to take over troubled banker WACHOVIA with government bailout, even after WELLS FARGO offered to buy WACHOVIA at higher price and not cost to taxpayers
● Big Government guy:
believes that the Treasury Dept. should be given vast powers to develop experimental strategies for responding to the crisis. He will be Paulson II.

TAX EVASION
● Did not pay his taxes tax documents here, or here
did not paid some $42,000 in federal taxes from 2001 through 2004 while working for the International Monetary Fund (IMF) which oversees the global financial system
○ as an employee of the IMF, he was considered self-employed and was responsible for paying his self-employment taxes
paid $26,000 of that debt after Obama tapped him as his choice for Treasury Secretary
● Kept tax reimbursements of taxes he did not pay
○ he kept the IMF’s tax allowances instead of paying his taxes (the IMF gives its employees an extra allowance so the employees can pay their self-employment taxes)
● Illegal deductions
○ deducted unallowable expenses and did not amended them: i.e., overnight camps of his dependent child in 2001, 2004 and 2005
○ improper small-business deduction, a charitable-contribution deduction for ineligible items, and the expensing of utility costs that went for personal use.
● Employment of illegal maid

CLINTON BUREAUCRAT
Clinton bureaucrat
○ his mentor was Clinton’s Treasury Secretary, Lawrence H. Summers, who now will serve as a senior economic adviser to Obama
○ worked under Treasury Secretary Robert E. Rubin and Summers to guide the Clinton administration's response to currency collapses
○ in the last years of the Clinton administration, Geithner was promoted to undersecretary when Summers became Treasury secretary.MORE STUPID ACTIONSAs if being one of the main instigators of the failed bailouts and evading his taxes are not enough, the next Treasury Secretary is creating more troubles:
the dollar promptly fell and gold jumped $40 after Geithner said the Obama Administration “believes that China is manipulating its currency”

NOTES TO PONDER
With no experience in private banking or finance, he has been the mask behind the bailouts. Who are the faces behind the bailout-government-takeover?
How can you be head of the Department of Treasury which oversees the IRS, when you have tax problems?
Despite all his tax evasions, this man will be the nation’s chief tax collector – Obama vowed to be the most transparent and clean administration ever. Obama, you fail again.
He claims he committed an honest mistake [in not paying his taxes for years] which sounds like a pathetic excuse coming from a man considered to be a brilliant financial markets specialists

LATEST
U.S. Senate Approves Geithner. Final vote 60-34.
No surprise here: a tax-cheater will lead the IRS. Viva the change in bizarro USA!



REP. RAHM EMANUEL (D-IL) - OBAMA'S CHIEF OF STAFF
● Former Clinton chief fund-raiser
Knife Story:
At a dinner to celebrate Bill Clinton’s first presidential victory (Mr. Emanuel was his chief fundraiser) – he began to reel off the names of those who had 'crossed' him. He grabbed a steak knife and began plunging it into the table shouting “Dead! Dead! Dead!” after each name.
Sent Fish Like Gangster Movie:
Sent decomposing two-and-a-half-foot fish he sent to a pollster who displeased him.
● Hung up on political contributors in a Chicago mayor's race, saying he was embarrassed to accept their $5,000 checks because they were $25,000 kind of guys.
The Five Most Infamous Rahm Emanuel Moments
Emanuel Was Director of Freddie Mac
Emanuel-Freddie Mac Connection
--Emanuel was senior adviser for former President Bill Clinton
--Afterwards, he was appointed to the board of Freddie Mac
--During this time, Freddie Mac was plagued with scandal involving campaign contributions & accounting irregularities
--He received $51,750 from Freddie Mac & Fannie Mae.
Emanuel - Top Recipient of Wall Street Money
--He "was the top House recipient in the 2008 election cycle of contributions from hedge funds, private equity firms and the larger securities/investment industry--not the most popular of industries in the current economy. Since being elected to Congress in 2002, after working as an investment banker, Emanuel has received more money from individuals and PACs in the securities and investment business than any other industry."
--"For his 2008 re-election, Emanuel raised more than $2.7 million yet faced no serious opposition in his Chicago district. Since being elected to the House six years ago, he has collected $1.5 million from the investment industry , with lawyers and law firms and the entertainment industry coming in at a distant second and third place ($682,900 and $376,100)."
--Emanuel was an investment banker between the Clinton administration and his election to Congress and reported a net worth in 2007 of between $5 million and $13.2 million (lawmakers report their assets and liabilities in ranges). That would make him the 34th wealthiest member of the House.
Biography: Rahm Emanuel
● Emanuel's Plan for Mandatory Civil Service:


● Emanuel: Why Liberals Love Crises


Emanuel: "YOU NEVER WANT A SERIOUS CRISIS TO GO TO WASTE." A CRISIS IS "AN OPPORTUNITY TO DO THINGS YOU THINK YOU COULD NOT DO BEFORE." That is why Democrats created the financial crisis. People are now willing to relinquish power to government.


SEN. HILLARY CLINTON (D-NY) - OBAMA'S SECRETARY OF STATE
Hillary served 6 years on the Wal-Mart board


Hillary Clinton in favor of Iraq War:
H.J. Res 114: A join resolution to authorize the use of United States Armed Forces against Iraq
(Obama was not a U.S. Senator yet)

video: Hillary wants to confiscate the oil profits
video: "We are going to take things away from you on behalf of the commond good"
Report: Hillary Clinton Will Take Secretary of State Job
Paper: Clinton to Accept Secretary of State Post
Biography: Hillary Clinton



JOHN PODESTA - OBAMA'S TRANSITION TEAM CO-CHAIR
●Former Clinton Chief of Staff
●He kept Bill Clinton popular through impeachment
●Lately, Podesta has been running the liberal think tank, Center for American Progress
●Met Bill Clinton in 1970 through the antiwar movement
Sex, Lies and Scandal: Podesta Has Seen it All
Obama Transition Team Prepares to Axe Pro-life Funding ...
WSJ.com : $12 Million for Transition to Obama ...
John Podesta Worked with ACORN ...
Biograhy: John Podesta


CREG CRAIG - OBAMA'S WHITE HOUSE COUNSEL
● Former Clinton defense attorney
● Famous for defending corrupt foreign leaders, murderers, anti-America causes, etc.
● Represented the father of Elian Gonzalez to return Elian to Cuba. Did Fidel pay Craig’s attorney fees? Elian's father did not have money to afford Clinton's attorney
● Defended Bill Clinton during the impeachment hearings over the Monica Lewinsky sex scandal ● Represented Ted Kennedy and his nephew William Kennedy Smith in the Florida rape case
● Represented former Bolivian Defense Minister Carlos Sanchez-Berzain in “crimes against humanity” trial
● Represented UN Secretary General Kofi Annan in the 2004 investigation of the scandalous Oil-for-Food program
● Represented Panamanian National Assembly president Pedro Miguel Gonzalez-Pinzon (a loyalist of Manuel Noriega) responsible for the 1992 murder of a U.S. Army soldier
● Falsely accused Nicaragua’s rebels, the Contras, on alleged human-rights abuses. Later, his fraud was exposed: Craig was working closely with the Sandinista regime
● Foreign policy adviser to presidential candidate Barack Obama in 2008
Craig to be WH counsel
Meet Greg Craig, Obama’s White House Counsel
BIOGRAPHY: Greg Craig



ERIC H. HOLDER - OBAMA'S ATTORNEY GENERAL
● Former Clinton deputy attorney general
● Involved in Clinton's presidential pardon of corrupt financier Marc Rich: "He pushed the pardon request through the Department of Justice but bypassed the prosecutors who were trying to nab the fugitive after his flight overseas to escape trial, violating the standard procedure for vetting pardon applicants"... more
● Also involved in the disgraceful pardons granted by President Clinton to two Weather Underground terrorists
● Obama's Vice Presidential Search Committee
Change... Obama's AG Pick Tied to Marc Rich Pardon Scandal

...more coming....stay tunned...



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