Tag Archive: TARP


It’s A Very Merry Christmas For Washington Insiders

 

 

 

 

 

” I realize this is an unhappy topic to be discussing during the Christmas season, but the American people need to realize that they are being pillaged by the insiders that controlWashington and live fat and easy lives at our expense.

  If you don’t believe me, check out this map showing that 10 of the 15 richest counties in America are the ones surrounding our nation’s imperial capital.

  Who would have guessed that the wages of sin are so high?

  D.C., itself, isn’t on the list. But that doesn’t mean there aren’t a lot of people living large inside the District.

  Here are some interesting nuggets from a report in the Washington Business Journal:

D.C. residents are enjoying a personal income boom. The District’s total personal income in 2012 was $47.28 billion, or $74,733 for each of its 632,323 residents, according to the Office of the Chief Financial Officer’s Economic and Revenue Trends report for November. The U.S. average per capita personal income was $43,725.”

 

 

 

” Want some other examples of profitable Washington sleaze? Here are some excerpts fromRich Tucker’s column for Real Clear Policy:

The real place to park your money is in Washington, D.C. That’s because the way to get ahead isn’t to work hard or make things; it’s to lobby Washington for special privileges. Look no further than the sweet deal the sugar industry gets. It’s spent about $50 million on federal campaign donations over the last five years. So that would average out to $10 million per year. Last year alone, the federal government spent $278 million on direct expenditures to sugar companies. That’s a great return on investment.”

 

 

Read the whole piece on our Imperial Capital .

 

 

 

 

 

 

 

 

GM Got Bailout , Now Ships Jobs To China

 

 

 

” Saving General Motors from bankruptcy was among President Obama’s most frequently cited achievements when he ran for re-election last year. Democrats everywhere touted the company’s revival as proof of the 2009 bailout’s wisdom. That was then. Now, Obama has quietly released the auto manufacturer from a bailout requirement that it increase its production in the U.S. Instead, GM is spending billions of dollars building up its production capacity in … China.

This is happening despite the fact that the Treasury Department has to date recovered just $36 billion of its original $51 billion loan to GM. By most analysts’ predictions, American taxpayers will be out approximately $10 billion when the remaining stock is sold off. Which is a long way of saying that it now appears that taxpayers paid $10 billion to make it easier for GM to accelerate its foreign outsourcing and send more manufacturing jobs to China.

Here’s what happened: In exchange for the bailout in 2009, GM promised to meet certain domestic car production targets over the next four years. The obvious point of this stipulation was to ensure that GM jobs remained here at home and weren’t shipped overseas. The production targets started at 1.8 million in 2010 and were supposed to rise to 2.26 million by 2014. GM repeatedly missed the targets, beginning with an 81,000-unit shortfall the first year. Production increased thereafter, but never quite enough to meet the targets. Last year, GM fell about 13,000 cars short of its 2 million target.”

 

Source

   Face it , everyone but Obama’s union cronies got the shaft on his “signature economic success story” and now their time is about to come . Just like with Obamacare , he uses the unions as his foot-soldiers to force his way of things , but at the end of the day the unions end up footing the bill along with the rest of us .

 

 

 

 

 

 

 

 

Five Years Later Taxpayers Are Still Owed Tens Of Billions

 

TARP

 

” As the fifth anniversary of TARP approaches, here is a list of banks, mortgage lenders and insurance companies that received TARP funds from the government and what profit the government made on each loan or what debt they are still owed.”

 

 

 

 

 

 

 

14 Big Government Programs That Failed to Achieve Their Goals

 

 

prohibition

 

 

” Prohibition was instituted with ratification of the Eighteenth Amendment to the United States Constitution on January 16, 1919, which prohibited the “…manufacture, sale, or transportation of intoxicating liquors within, the importation thereof into, or the exportation thereof from the United States…”

Congress passed the “Volstead Act” on October 28, 1919, to enforce the law, but most large cities simply ignored the law and bootlegged alcohol to meet demand, creating a huge black market rife with crime and corruption. Prohibition was repealed by the Twenty-First Amendment in 1933, essentially acknowledging the exercise had been pointless and counter-productive.”

Generational Debt

100 Percent FED Up

 

Our leader’s investment record leaves something to be desired