The federal government has devoted $4.7 trillion to help the financial sector through its crisis, a level of assistance equal to about one-third of the overall U.S. economy, a watchdog report said Monday.
Under the worst of circumstances, the report said, the government’s maximum exposure could total nearly $24 trillion, or $80,000 for every American. Read More
Do we the people have any idea of just how much Obama is costing us the taxpayers? How long will it take to pay back this money to balance the Budget?
On top of that is his costly healthcare bill. We had better hope that 2010 will bring the congress to a balance body so Obama can be slowed down a tab. He can do alot more harm to America with over 3 years to go, so it might already be to late to save our Great Country!
(1) March on DC – September 12th
“You are soon going to see the nationalization under the Obama administration of the energy industry,” Pawlenty added. “And that, of course, puts the politicians and people making decisions that the market and private businesses should be making.”
Pawlenty told Cavuto politicians will chide the auto industry over size of cars and what they should do about business decisions and dealership decisions.
“That is not the proper province for the United States Congress,” Pawlenty said. “That should be a private decision.
Pawlenty, laying out talking points for a potential challenge to President Barack Obama in 2012, said the U.S. is going to be a very different country 12 or 24 months from now, and it’s headed in the wrong direction in terms of government micromanaging or intervening, and, worse yet, funding and subsidizing and taking over entire parts of our economy.
“This is not the United States of America that we know and love and remember,” he lamented. “This looks like some sort of a republic from South America circa 1970s.” Read More
The wel-fare state is already here with 16% of our income coming from the government. Is this what you voted for. a wel-fare state?
(1) The $108 billion IMF bailout moves forward By Michelle Malkin
A report Friday said federal officials are pressuring Bank of America Corp to revamp its board and bring in directors with more banking experience.
The story in The Wall Street Journal called the regulators’ move “unusual” as the government does not own a stake in the company, and most of the bank’s problems are the result of its purchase of Merrill Lynch Co., which was advised by regulators.
Bank of America spokesman Scott Silvestri declined to comment on the report, but said every bank that participated in the recent U.S. stress tests was advised to review its board and management.
Obama will keep on until he has control over all the banks, all the large companies and all your healthcare! And once he has that in hand he will come after what-ever you and I have left! If you can not see this taking place then you’re totally blind!