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Posts Tagged ‘bailout’

Obama Seeks $53 Billion To Fund ‘Secretly’ Bailed Out GE For High-Speed Rail Construction

February 9, 2011 1 comment

 

 

obama high speed rail system promise to take money from people sad hill news

After secretly bailing out GE and forcing the use of its mercury-laced light bulbs on American citizens, then calling on GE’s chief Jeffrey Immelt to head the president’s economic recovery advisory panel, Obama is going to make sure his bankrupt partners in crime fully benefit from the $53 billion collected from taxpayers by subsidizing GE to build a high-speed-money-burning rail system that no legitimate private sector business would ever touch.

With US Government hemorrhaging $ trillions each year and US Government-run Amtrak hemorrhaging $ billions, what could possibly go wrong?

I’ll answer that. Spending money we don’t have is putting America on the fast-track to global servitude.

(Bloomberg) President Barack Obama will ask Congress next week to Read more…

Ireland’s Titanic Bailout at Risk, Iceland looms ahead

January 24, 2011 Comments off

The announcement by Brian Cowen that he was resigning as the leader of the Fianna Fail party, but is going to stay on as Taoiseach (Prime Minister) until the March 11 election, has put the Irish bailout into question.  The November bailout of the Irish economy consisted of a series of different financing packages being combined into a larger total.

The first funds available under the bailout were provided by the raiding of the Irish retirement fund by its bankers.  The next steps were to be funded by the EU and IMF funding sources, once the people of Ireland were legally subjected to the bailout requirements.  The bailout never made it to a full vote before the collapse of the Fianna Fáil party.

This leaves Ireland in the unique position of being able to reclaim its future, by denying its past.  The citizens of Ireland have not accepted the bailout.  The coalition is not expected to be able to put the matter to a vote before the election.

“All we know is we are going to get an election on or before March 11 but that is about it,” said Micheal Marsh, professor of politics at Trinity College Dublin, calling the events of the past week “bizarre.” Read more…

Categories: Ireland Tags: , , , , ,

Why Americans are so angry

January 10, 2011 1 comment

By Linda Feldmann, / Staff writer
posted March 8, 2010 at 3:46 pm EST

Heather Gass always felt she had to suppress her conservative views, living as she did in the liberal San Francisco Bay area. A year ago that all changed.

CNBC financial reporter Rick Santelli had just blasted the Obama administration’s plan to help homeowners facing foreclosure, and called for a “tea party” protest in Chicago. The idea caught fire around the country, and soon Ms. Gass, a 40-something real estate agent, was organizing weekly street-corner demonstrations in her hometown of Orinda, Calif.

Her focus was fiscal discipline, aimed not just at the $75 billion mortgage bailout but also the administration’s $787 billion stimulus package and President Obama’s budget. She remembers her first signs well: “Stop printing money” and “China owns us.” By Congress’s summer recess, when opposition to Mr. Obama’s healthcare plan burst forth, she had 100 people protesting on street corners, she says.

Fast-forward to February 2010. Gass is still out there every Friday, her 6-year-old son in tow. Political operatives are calling her up for advice. Her roster of influential tea party activists – “Heather’s list,” as local politicos call it – is creating buzz. “We’re not dangerous,” says Gass. “We’re your neighbors. But we’ve been underground. We’re not underground anymore.”

Gass says she’s beyond anger over the direction of the country and is in “action mode.” Whatever it’s called, that intensity of feeling – the passion that led her to travel last month to the Tea Party Convention in Nashville and that drives her to tears when she worries out loud about the America her son’s generation will inherit – is unmistakable. Read more…