Danny Shecter, at SmirkingChimp.com, concurs with our concerns that President Obama, in HANDING TRILLIONS of no-strings, NO accounting, NO oversight TAXPAYER dollars directly over to his GOLDMAN-SACHS wrecking crew, is COMPLICIT in the MASSIVE FINANCIAL FRAUD that is KILLING the American economy;
and as Obama's SUPPORT ERODES from both THE 'LEFT" and Right DIRECTLY due to this MASSIVE FINANCIAL FRAUD, it is now an open question whether Obama will even survive his own insanely fraudulent administration's first term of office as the American economy continues to SELF-DESTRUCT, and POVERTY stalks MILLIONS of Americans who were NOT YET IN BANKRUPTCY when Obama took the White House in January of this year:
President Barack Obama has now OFFICIALLY CROSSED THE RUBICON into STUPIDITY, INSANITY, treachery, & CORRUPTION: the US "financial Bailouts" cost are now closing in on $23 TRILLION taxpayer dollars... TWENTY THREE TRILLION taxpayer DOLLARS to "bail out" the FRAUDULENT, FAILED, loan-sharking, credit-extortionist Wall Street banksters....
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZ27ITF7gaoQ ...and the IDIOTIC President Obama sees NO NEED to OFFER UP the American public an INTENSIIVE and relentless ACCOUNTING of where _THEIR_ TRILLIONS of taxpayer dollars have gone!!!
- Meanwhile, America's so-called "FREE MARKET MIRACLE" in Eastern Europe GRINDS TO A HALT;
- WHILE the former "SENATOR FROM MBNA" aka Vice President JOE BIDEN, PIMPS & preaches MORE financial DEREGULATION INSANITY to Russia! -
(Deleware based credit-card bank MBNA was infamous for being then Senator Joe Biden's BIGGEST donor, AND for being THE credit card most notorious for extorting its customers with fees, fines, & hidden rates, before MBNA was bought out by Bank of America, which continued the "Economic Hit Men" practices of MBNA in force against BoA customers right straight to the financial meltdown of September 2008 - and to the present day, the Democrats' lame "credit reform" bill not even taking hold for another two years, by which time the Obama administration and Democrat majorities may be history.)
- WHILE US BAILED-OUT banksters GIVE THEMSELVES BILLIONS of TAXPAYER DOLLARS in "bounuses" that EXCEED their banks' profits!
- WHILE Mr. Obama MAKES HIMSELF A LIAR, keeping the "bailouts" to greedy, rapacious, fraudulent, insanely entitled bankster totals UNDER AS MUCH SECRECY as he and his Emanuel/Goldman-Sachs White House can manage; campaign 2008 PLEDGES for "MORE TRANSPARENCY in government & finance" NOTWITHSTANDING....
The question is, "CAN AMERICAN DEMOCRACY survive the TREACHERY of the Emanuel/Goldman-Sachs/neo-con White House?" (aka the Obama administration), and the answer, increasingly, looks like
"NO" - "the FAILURE of the so-called 'liberal'
(but actually the Reactionary, Right-Wing Goldman-Sachs neo-con financially predatory) Obama administration will USHER IN the 'PERMANENT WAR DICTATORSHIP' that Bush, Cheney, Karl Rove, and their neo-con acolytes (Libby, Mukasey, Chertoff, Brownie, Bolton, Bolton, Scalia, Murdoch, ad naseum) so desperately tried to inflict on America in the previous 8 years."
President Obama, in a case of POLITICAL STUPIDITY & INSANITY that makes President Clinton's Monica affair look like child's play in comparison, is trying to KEEP SECRET the DIRECT TRANSFER of wealth of TWENTY-plus- TRILLION DOLLARS FROM American workin' stiff taxpaying families, directly TO the FINANCIAL FRAUDS & PREDATORS of Wall Street - LED by Mr. Obama's own GOLDMAN-SACHS FRAUDSTERS, economic hit-men, and treasury-gutting financial predators!
U.S. 'BAILOUTS' May Cost American Taxpayers $23.7 Trillion,
'TARP' Inspector-Generals Says
By Dawn Kopecki and Catherine Dodge, Bloomberg Financial News
July 20, 2009
July 20 (Bloomberg) -- U.S. taxpayers may be on the hook for as much as 23.7 TRILLION DOLLARS to bolster the economy and bail out financial companies, said Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program.
The Treasury’s $700 billion bank-investment program represents [ONLY] a FRACTION of all federal support to resuscitate the U.S. financial system, including [at least] $6.8 TRILLION in aid offered by the Federal Reserve, Barofsky said in a report released today.