Judge Andrew Napolitano is hosting Glenn’s ‘Crash Course’ Week as Glenn is on vacation. This week’s programs will be a recap of Beck programs that have outlined the history behind the events that have been occurring in our nation since the installation of Barack Obama.
Today’s program is all about the economy, Obamacare, the travesty of the Fin-Reg bill, cutting spending, unsustainable pension funds, and the insanity of bailing out GM. I only take issue with the movement of money in the buckets (you’ll understand when you see it), as all the money that GM collected in the first bailout should have been thrown on the floor or flushed down a toilet. Then GM should have refilled their bucket from TARP and then transferred that money to the Government Loan bucket. Glenn is correct though; the taxpayers’ bucket remains empty to this day.
While Treasuries backed by the full faith and credit of the government typically yield less than corporate debt, the relationship has flipped as Moody’s Investors Service predicts the U.S. will spend more on debt service as a percentage of revenue this year than any other top-rated country except the U.K.America will use about 7 percent of taxes for debt payments in 2010 and almost 11 percent in 2013,moving “substantially” closer to losing its AAA rating, Moody’s said last week.
That statement from Moody’s well before Obamacare had being passed. Does anyone want to still argue that Obama is not using the Cloward-Piven strategy to collapse the economy?
Glenn does an outstanding job of pulling all the dots together and starts the program with the Progressive checklist of change in America. The segments about Rudy Guiliani speaking about C-P, and Bill Clinton greeting both of them are absolutely amazing pieces of footage. Hele Mai to Glenn’s research team and those Constitutional Watchdogs finding these pieces of tape.
If you want to more about how the progressive change occurred, go here, and bring your duct tape.
The extremists who control the Republican Party have engaged in one of the most implausible masquerades in history by trying to identify themselves with the American Colonials who revolted against British rule.
In fact, as I prepare to go to the floor of the House this week to defend a package of tough financial reforms and consumer and investor protections, I confront a hostile, virtually unanimous Republican Party, which has a major characteristic in common with a different set of eighteenth century figures – the kings of France. When the French monarchy was restored to power in the 19th century, it was said that “The Bourbons have forgotten nothing because they learned nothing.”
Current House Republicans now oppose financial regulation because they have learned nothing from the current economic crisis.
It is time to stand up against them and we need your help now.
Put Main Street First: Contribute Today
The Republicans have opposed virtually every proposal we have put forward to prevent another financial meltdown. They have fought bitterly against the establishment of a consumer financial protection agency; they have blocked efforts to restrict executive compensation; they are against regulation of derivatives, and they have opposed efforts to restrain predatory lending.
But their opposition to any serious financial regulation has some substantial benefits to Republicans in the form of campaign contributions from institutions which want to be able to continue their financial manipulations unimpeded.
I ask your financial support for the Democratic Congressional Campaign Committee, so that Members who vote in favor of tough financial regulation will know that we will stand with them when they are attacked by candidates backed by powerful defenders of the status quo.
Please consider contributing $5, $10 or more today to the DCCC’s Main Street Democratic Fund to help support Democrats who put Main Street first. Your gift will be matched by House Democrats 2-to-1.
There is so much at stake. The time to help is now.
This coming from the guy that said Fannie and Freddie were fine, and who was one of the people that gave us the expanded Community Reinvestment Act which forced the banks to give ninja loans to people without jobs. I am glad to know that we are now extremists and even though not registered as republicans, we must therefore be republicans because we espouse the founders’ rules.
Barney Frank’s financial regulatory reform is just another plank in the Cloward-Piven Strategy.