PDA

View Full Version : Pretty good summary of what is known - how much more is hidden?



Tylerdurden
09-16-2009, 06:10 PM
$34,000:
The amount of federal taxes that Secretary of the TreasuryTimothy Geithner(D) failed to pay
during his employment atthe International Monetary Fund despite receiving extra
compensation and explanatory brochures that described his
tax liabilities.

True: http://www.cleveland.com/nation/index.ssf/2009/01/timothy_geithner_obamas_nomine.html

$75,000:
The amount of money that the head of the powerful
tax-writing committee, Rep. Charlie Rangel (D-NY), was
forced to report on his taxes after the discovery that he
had not reported income from a Dominican Republic rental
property. His excuses for the failure started with blaming
his wife, then his accountant and finally the fact that he
didn't speak Spanish.

True http://www.nypost.com/seven/09102008/news/regionalnews/rangels_spanish_excuse_128444.htm

$93,000:
The INCREASE in the amount of petty cash each of our
Congressional representatives voted to give themselves in
January 2009 during the height of an economic meltdown.
That's a $40 + million INCREASE!
http://gatewaypundit.blogspot.com/2009/01/its-recession-congress-gives-lawmakers.html See video here from Fox

$133,900:
The amount Fannie Mae "invested" in Chris Dodd (D-CT), head
of the powerful Senate Banking Committee, presumably to
repel oversight of the GSE prior to its meltdown. Said
meltdown helped touch off the current economic crisis. In
only a few years time, Fannie also "invested" over $105,000in then-Senator Barack Obama.
True: http://www.opensecrets.org/news/2008/07/top-senate-recipients-of-fanni.html

$140,000:
The amount of back taxes and interest that Cabinet nomineeTom Daschle (D) was forced to cough up after the vetting
process revealed significant, unexplained tax liabilities.

True: http://online.wsj.com/article/SB123335984751235247.html?mod=googlenews_wsj Wall Street Journal

$356,000:
The approximate amount of income and deductions thatDaschle (D) was forced to report on his amended 2005 and
2007 tax returns after being caught cheating on his taxes.
This includes $255,256 for the use of a car service,
$83,333 in unreported income, and $14,963 in charitable
contributions.

True: http://online.wsj.com/article/SB123335984751235247.html?mod=googlenews_wsj Wall Street Journal

$800,000:
The amount of "sweetheart" mortgages Senate Banking
Chairman Chris Dodd (D-CT) received from Countrywide
Financial, the details for which he has refused to release
details despite months of promises to do so. Countrywide
was once the nation's largest mortgage lender and linked
to Government-Sponsored Entities like Fannie Mae and
Freddie Mac. Their meltdown precipitated the current
financial crisis. Just days ago in Pennsylvania ,
Countrywide was forced to pay $150,000,000 in mortgage
assistance following "a state investigation that concluded
that Countrywide relaxed its underwriting standards to
sell risky loans to consumers who did not understand them
and could not afford them."

True: http://rightvoices.com/2008/08/21/more-sweetheart-loan-details-on-senator-chris-dodd-d-ct-chairman-of-the-senate-committee-on-banking-housing-and-urban-affairs/

$1,000,000:
The estimated amount of donations by Denise Rich, wife of
fugitive Marc Rich, to Democrat interests and the William
J. Clinton Foundation in an apparent quid pro quo deal that
resulted in a pardon for Mr. Rich. The pardon was reviewed
and blessed by Obama Attorney General and then Deputy AG
Eric Holder, despite numerous requests by government
officials to turn it down.

True: http://articles.latimes.com/2008/nov/20/nation/na-holder20

$12,000,000:
The amount of TARP money provided to community bank
OneUnited despite the fact that it did not qualify for
funds, and was "under attack from its regulators for
allegations of poor lending practices and executive-pay
abuses." It turns out that Rep. Maxine Waters (D-CA), a key
contributor to the Fannie Mae meltdown, just happens to be
married to one of the bank's former directors.

True: http://online.wsj.com/article/SB123258284337504295.html Wall Street Journal

Tylerdurden
09-16-2009, 06:10 PM
$23,500,000:
The upper range of net worth Rep. Allan Mollohan (D-WV)
accumulated in four years time according toThe Washington
Post through earmarks of "tens of millions of dollars to
groups associated with his own business partners."

True: http://www.washingtonpost.com/wp-dyn/content/article/2006/05/14/AR2006051401032.html Washington Post


$2,000,000,000:
($2 billion) the approximate amount of money that House
Appropriations ChairmanDavid Obey (D-WI) is earmarking
related to his son's lobbying efforts. The son, Craig Obey, is "a top lobbyist for the nonprofit group" that wouldreceive a roughly $2 billion component of the "Stimulus"
package.
True: http://www.newwest.net/topic/article/a_plan_for_stimulus_money_national_parks/C530/L37/

and this as a list of these related stories: http://search.yahoo.com/404handler?src=news&++++fr%3D404_news%26ref%3Dhttp://directorblue.blogspot.com/2009/01/obama-democrats-by-numbers.html&url=http://news.yahoo.com/s/ap/20090129/ap_on_go_co/stimulus_national_parks_2
$3,700,000,000:
($3.7 billion) not to be outdone, this is the estimated
value of various defense contracts awarded to a company
controlled by the husband of Rep. Diane Feinstein (D-CA).
Despite an obvious conflict-of-interest as "a member of
the Military Construction Appropriations subcommittee, Sen.
Feinstein voted for appropriations worth billions to her
husband's firms."
True: http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/04/22/MN310531.DTL

$4,190,000,000:
($4.19 billion) the amount of money in the so-called
"Stimulus" package devoted to fraudulent voter
registration ACORN group under the auspices of "Community
Stabilization Activities". ACORN is currently the subject
of a RICO suit in Ohio .

True: http://www.ocregister.com/articles/stimulus-economy-percent-2295331-bill-pelosi


$1,646,000,000,000 ($1.646 trillion):
The approximate amount of annual United States exports
endangered by the "Stimulus" package, which provides a "Buy
American" stricture. According to international trade
experts, a "US-EU trade war looms" which could result in
a worldwide economic depression reminiscent of that touched
off by the protectionist Smoot-Hawley Act.

True: http://www.asiaing.com/2008-national-export-strategy-the-new-global-main-street.html

and http://www.powerlineblog.com/archives/2009/01/022685.php

Background: Smmot-Hawley Act: http://en.wikipedia.org/wiki/Smoot-Hawley_Tariff_Act

Tylerdurden
09-16-2009, 06:11 PM
A trillion dollars.

http://www.ptm.org/uni/resources/ptmupdate/032309/conclusion.html

2MeterTroll
09-16-2009, 06:59 PM
how about you look up the republicans record for the last 8 years? its funny how you just spam the heck out of one side of the issues. almost like you have an agenda.

Chris Coose
09-16-2009, 07:11 PM
It's only "pretty good" because we all know you are the wizard.

JBreeze
09-16-2009, 07:26 PM
Let's see if the trade war a la Smoot Hawley occurs....it might be simmering between the US and China:

"Sept. 14 (Bloomberg) -- China announced dumping and subsidy probes of chicken and auto products from the U.S., two days after President Barack Obama imposed tariffs on tires from the Asian nation.

Chinese industries complain that they’re being hurt by “unfair trade practices,” the nation’s Ministry of Commerce said on its Web site yesterday. The dumping investigation relates to poultry alone, a spokesman said in Beijing today. The ministry didn’t specify the value of imports of the products.

Rising protectionism may hamper world trade and undermine the global economy’s recovery from recession, the European Central Bank said last week. The U.S. placed tariffs starting at 35 percent on $1.8 billion of tire imports from China, backing a United Steelworkers union complaint against the second-largest U.S. trading partner. "

JBreeze
09-16-2009, 07:36 PM
Is it escalating?

Sept. 16 (Bloomberg) -- U.S. Steel Corp. asked the U.S. Commerce Department to impose dumping and anti-subsidy duties of as much as 90 percent on some steel pipe imports from China, five days after the Obama administration set tariffs on Chinese tires.

The petition was filed today with the U.S. International Trade Commission against $400 million in imports of pipes used in chemical, petrochemical, refineries and related operations, according to Roger Schagrin, a lawyer for the U.S. producers. The U.S. imposed tariffs this month on a different type of steel pipe from China in a separate case.

JBreeze
09-16-2009, 07:50 PM
somewhat related from Karl Denninger:

First, I present the graph of our economy - GDP and Debt, from the 1950s onward. This chart you've seen before (click any of these for a larger copy)

http://market-ticker.denninger.net/uploads/KeyCharts/AbsoluteDebtToGDP.png

Now I want to present two charts - the first being a simple mathematical chart of two functions - a GDP that grows at 5% annually and debt that grows at the actual compound rate it has grown since 1953, 8.7946%.

http://market-ticker.denninger.net/uploads/KeyCharts/TheoreticalDebtPresent.png

I started both debt and GDP at the same value, $10,000, for the purpose of this series (even though in fact debt was higher than GDP.)

You'll notice that due to the fact the debt isn't a constant (and neither is GDP) these are not exact matches - but they're pretty close!

Now let's go forward 20 years, maintaining the same assumptions. That is, if you and your wife or husband, boyfriend/girlfriend sleep together tonight and conceive a child, this is what our economy will look like in terms of debt and GDP at the approximate time they go to college:

http://market-ticker.denninger.net/uploads/KeyCharts/TheoreticalDebtPresent20.png

Could be interesting!:D

Tom Hoffman
09-16-2009, 07:52 PM
how about you look up the republicans record for the last 8 years? its funny how you just spam the heck out of one side of the issues. almost like you have an agenda.

If I remember correctly, the republicans are not in power now and have virtually no power base. Reason: They were every bit as corrupt as the Democrats are.

The simple fact is that "We" voted in these corrupt polliticians and now we are having to clean up the mess.

Why don't we all get off the "Your party is worse than my party!" and get down to getting rid of the corruption where it exists instead of sitting on our behinds and saying thank you to our corrupt polliticians for the pork barrel spending that they send our way. I am sure that I am naieve to believe that we can't figure out a better way than letting our elected representatives BUY our votes with promises of more pork.

Stand up on your hind legs and say "Enough!!!!" Let's take the counrty back from special interest groups of all stripes.

2MeterTroll
09-16-2009, 08:15 PM
Tom respectfully show me one single political figure that is an honest enough man to put in power so we can do this.

Ron paul is a frigging nut case.
jimmy carter would get no support.
there are two in oregon here that might work but i think would get creamed at the national level. and we have a single senator currently in place that while honest is in a word, a nerd. he is incomprehensible because he is totally detail minded. so point out the guy and i will back him and work for his election. but till them we have to hope the swings will average out.

Tom Hoffman
09-16-2009, 08:23 PM
I honestly don't know of any. I use to have respect for Charles Grassley of Iowa, but he too seems to have sold his soul to the power structure.

I guess your word "political" is the disqualifier. We need to have real people not political people. I think that any one who actively seeks office should be automatically disqualified for cause. We need plain everyday citizens whose first allegiance is their God, their Family and then their Country. Someone who wants go home to their family instead of becoming part of the problem in the most corrupt city in our nation. DC.

I watch what is going on and just have to shake my head in shame at what our Country has become.

2MeterTroll
09-16-2009, 08:41 PM
I think the single fundamental change that is needed is the practice of voting. if every thing was put to public vote i think we might see some change for the good.

the problem with this is that in the short term things would be total chaos not to mention that the government would itself be opposed to the transparency needed for this to work.

for example some poll's say 70% of the population of the US would like a single payer medical system. Well if this is true then get the lead out and have a vote on just that a single payer system. from that point all it is, is the details. but if the government was to do something like this then the fighting would have to stop because the majority has spoken. Currently the only majority the government hears is the majority of dollars and that is a tiny minority.

Tylerdurden
09-17-2009, 01:19 AM
how about you look up the republicans record for the last 8 years? its funny how you just spam the heck out of one side of the issues. almost like you have an agenda.

You suffer from short term memory loss?

I have been just as harsh with republicans. Its just the democrats are holier than thou lately. Both sides smell like ****e from here.:D

2MeterTroll
09-17-2009, 01:30 AM
in that i agree. although in some part the dems have every right to lord it over the repubs after the abuses of the last 8 years. it is about time both sides stopped with the tantrums. but hold your nose cause the folks that didnt get a mention are for the most part worse.

Tylerdurden
09-17-2009, 01:33 AM
Tom respectfully show me one single political figure that is an honest enough man to put in power so we can do this.

Ron paul is a frigging nut case.



I know, the only one who spelled it out correctly, the only one who has a real bill to fix things that 280 fellow congressman have co sponsored.

Lets stick with the real nutcases instead. The stupidity on this board is amazing.

Don't you understand that before this all started there was approx 800 billion us dollars in circulation and now its almost two trillion.
Check out my third post to understand that scope of that.

The dollar isn't worth ****e anymore. Its already dead and we are only riding life support.

That is why when I have so many detractors I can still look in the mirror and know I am surrounded by utter morons. I assume Ron Paul thinks the same thing. That's the reason I post here I am mocking you.

I may be nuts but you cats is crazy.:D

Kaa
09-17-2009, 01:43 AM
...I can still look in the mirror and know I am surrounded by utter morons.

ROTFL...

Kaa

skuthorp
09-17-2009, 01:43 AM
Quote Tylerdurden: "Don't you understand that before this all started there was approx 800 billion us dollars in circulation and now its almost two trillion.
Check out my third post to understand that scope of that.
The dollar isn't worth ****e anymore. Its already dead and we are only riding life support"

His figures are about right, and his remarks about the US$ are echoed by nany more respected commentators.
And he was just as scathing about GW and co.

Tylerdurden
09-17-2009, 01:58 AM
Thanks, Its just common sense.

Its my guess what we see here most often is avoidance. Reality sucks, but the sooner grasped the sooner overcome.

2MeterTroll
09-17-2009, 02:05 AM
I can still look in the mirror and know I am surrounded by utter morons. I assume Ron Paul thinks the same thing. That's the reason I post here I am mocking you. .:D

hmm I think you might try a more fortunate word choice.
TD we can all see that you are a self made man. it shows. truly.

Tylerdurden
09-17-2009, 02:14 AM
Sorry, I am fogged out right now, I have a thing called pagets that causes joint pain and a couple of days ago my Lyme disease went into full on. Been dealing with it and typing in between the tears.
I took some pain meds and slept for two hours so now I am exhausted, fully awake and hurting hard.

ishmael
09-17-2009, 02:46 AM
The people listed all pay an accountant/tax lawyer to do their taxes. None of them is sitting at the kitchen table wrestling over tax forms like thee and me.

stevebaby
09-17-2009, 05:25 AM
ROTFL...

Kaa:D...and with the precision of an epeeist.

Tylerdurden
09-17-2009, 08:09 AM
:D...and with the precision of an epeeist.


UYP.