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Name: Betsy Ross
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Obama Plays The Terrorism Card On Obamacare

Obama's getting REALLY desperate at this point about his plans to force the industry sponsored health care reforms down the American people's throats come hell or highwater.

Proof?  At a recent townhall type meeting, Obama used the "threat" of a worsening economy if health care reform isn't done, and isn't done now.  He pointed to his "success" in the recent announcement that there had been a drop in unemployment rates last month, the first one since August 2008.

Not mentioning, of course, that that drop just may be due to the fact that many Americans unemployment benefits at this point have run out, or that there is temporary and seasonal jobs available during the summer months that our college students used to have that are now being filed by those with masters degrees, or at least bachelor's.

Also, failing to mention that last month there was also a 7% increase in the number of home foreclosures over the month before, with another 300,000 losing their homes.  If Americans have lost their homes and jobs, just how ARE they going to afford any health insurance coverage at all, be it government issued or private carrier?  The hypocricy and spins are getting more and more ludicrous by the day.

Mr. Obama's "foreclosure rescue" remedy is now being used by those banks apparently in order to stimply buy down the debt and repay on some of those foreign and rebundled investors' investments, while continuing to collect the usurous late fees, interest, appraisal fees and costs on those homeowners until finally lowering the boom.  A scam, as it were, dressed as a rescue for homeowners in order to skirt around the government's unlawful actions in affording those banks to resell those mortgages on the secondary market in the first place.  And who are merely using the Federal Reserve branch banks in order to now satisfy those investors, after raping the American people of their homes anyway.  Many of whom paid down payments that were far in excess of minimum downs also in order to even get some of those predatory loans they were marketing. 

Most sold out of sunny California, where Silicon Valley is profiting actually the most now in the "science based" technology focus of this and the last administation and the war in the Middle East, while then still claiming poverty in the process.  Disneyland doesn't end at the parking lot after exiting the tram in that state.  No do white collar criminal activities, and maybe the welcome signs should remove Arnie's name as Governor, and replace it with Jack Sparrow.

The only economic strengthening measure that would result from this heinous legislation at this point would be when those privatized state and federal lockups are turned into debtor's prisons for the stimulus of those "corporate" entities, and strengthening the economies of mostly the banks when the new usurous payday loan sharks afford the young then to open up medical 401(k)s for their future medical needs.

I really wouldn't put it past those banks that this health insurance reform is simply another stimulus for the banks, in order to diversify and rape the American people with their outrageous loans, fees and charges some more.

Since a good many of those insurers also hold massive Wall Street investments also in those Fed branch banking institutions.  As do most in Washington.

Appears this bill is meant to strengthen the economies of the Tories on the Hill most of all.  If not, then why is there no provision that, as civil servants, they MUST be covered by the cut rate governmental plan, and buy THEIR own supplements with their six figure salaries out of their also taxpayer paid Cadillac federal pension plans?

 

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AIG: Obama, Dodd's Mea Culpas Sound Hollow

In the continuing saga of the AIG executive bonuses which were extended Sunday by Timothy Geithner and the Department of the Treasury, another player has stepped up to the plate in addition to President Obama's rather weak excuse for an apology to the American people over this "sleight of hand".

Christopher Dodd, that erstwhile senator and former Presidential candidate, has now taken the blame for inserting a sentence into the bank bailout bill that was rushed through Congress last September that afforded the AIG executives to receive these million dollar bonuses.

It appears with Mr. Dodd's "mea culpa" another attempt for those on the Hill to now shift blame from the President and Mr. Geithner, and of course hope on the generosity of the American people to let bygones be bygones. Let's spread the blame around so that we can actually take the focus off what occurred initially that lead to this situation, and blame it on one Congressional member who inserted a sentence in the bill that make the entire bailout itself somehow seem legitimate.

There are two things wrong with this little deception. Many in America are not buying it.

To encapsulate actually what occurred and who is truly to blame, note below:

1. In September under "terrorist warnings" from Secretary Henry Paulson all members of Congress were held over in Washington from their campaign junkets in order to address this "emergency" bank bailout. Otherwise, the American people were informed, Wall Street would crash and their ATM cards would not work.

2. Prior to this catastrophe, two other large financial institutions, Goldman Sachs and Lehrman Brothers, also faced eminent demise. Congress refused to bailout Goldman or Lehman Brothers, although Warren Buffet stepped up to the plate and helped out Goldman Sachs. It just so happens that both Goldman Sachs and Lehman Brothers are part owners of our own Federal Reserve. How they could be then "bankrupt" is beyond the realm of feasibility for most Americans to comprehend.

3. For the first time in history not only were U.S. based corporate interests involved in this bailout, but a globally based insurer, AIG, was also begging on the steps of the doors of Congress. No matter also that many of these banks and AIG had been heavy contributors to the campaigns of a majority of those in Congress to whom they went begging.

4. The bill was drafted in haste in order to rescue America's economy, and consisted of enough pages to insure that any disinterested Congressional member had no time in order to digest the terms of the bailout. This does not excuse them in any manner, however. In such an instance it was their duty to abstain at the time from voting based on those grounds, and the clearly questionable Constitutional basis for this entire bailout to begin with at the eventual American taxpayer's expense.

5. The measure passed with just a mere two vote margin. Which historically indicates that there was some heavy back room dealing, and also still maybe some who did have enough integrity left (few, I know) to realize the entire bailout itself was a violation of our Constitution by the mere inclusion of a foreign corporate concern at it's outset. AIG's real financial problems, if any, were caused by their London Mayfair office, from all reports.

6. Included within the bailout were other unconstitutional provisions. Namely, a transfer by Congress of their Constitutional powers with respect to foreign agreements, whether public or private, to the Executive office. Such a transfer of power could not legally be accomplished without a Constitutional amendment in and of itself.

7. Rather than this being handled as a corporate restructuring under the provisions of the U.S. bankruptcy code, Mr. Geithner was strictly given unilateral oversight and authority. In other words, Mr. Geithner is now acting as "trustee" for the restructuring, and his "fiduciary duties" are not to the executives or AIG, but to the creditors - the American public and AIG's former stockholders. Thus, when Mr. Geithner and Mr. Obama claim they had no legal power to refuse, they not only had the legal power to do so, they had the legal obligation on behalf of the American people to do so.

And at this point, a good 2/3rds the members of Congress, Mr. Geithner and Mr. Obama should be wearing stripes about now, with all the legal and criminal Constitutional violations that have thus far transpired in this fiasco.
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