Stossel had an excellent show today on the failed Keynesian economics being employed by the liberal/socialist/marxist/communist regime currently in power. The basis for the show was F.A. Hayek’s ‘On The Road To Serfdom’ with guests including Dr. Ron Paul on spending, printing money and the military, Stuart Varney on Greece and the debt wall, James Delingpole on the green movement as hidden socialists, David Mamet’s conversion from being a brain-dead liberal, Ann Coulter on the mob mentality, and my personal favorite brit, Daniel Hannan, on our road to serfdom.
(Editor’s Note: For Monster readers that may be wondering where the post on the debt commission’s proposal is; I’m reading it and will have something for you folks soon. At first glance, the commission is once again approaching the problem like doctors treating symptoms with meds instead of finding the underlying root causes of the affliction.)
Stuart Varney interviewed Donald Trump on 11.9.10 about this statement from Obama in regards to China’s growth:
We want China to succeed and prosper…and we are not interested in containing that process.
Spoken by a true globalist that I still believe is campaigning for the SG job at the UN.
Trump: China Will ‘Destroy’ Our Country
The Monster, once again, calls for readers to stop buying merchandise made in China, and if you have not yet watched the amazing, in-depth interview with Catherine Austin Fitts about ‘The Looting Of America‘, better do it now. It will help you understand the long-term plan that has been in place to bring down America in order to ‘nudge’ global governance into place.
Okay stupid moos, is there any question in your mind about why Chairman Zero turned down IBM CEO Samuel Palmisano’s offer to reduce the cost of healthcare by $900 BILLION DOLLARS? Mort Zuckerman won’t hazard a guess in this interview with Stuart Varney on ‘Your World’, but we all know why Obama turned it down.
It’s all about the ego stupid!!!
Even us moos are smart enough to know that…
The federal government can harness technology to reduce fraud and waste and improve operational efficiencies, a council of technology executives says.
The Technology CEO Council, chaired by IBM (IBM) CEO Samuel Palmisano, estimates that the government could cut spending by $1 trillion if it followed the TCC’s guidelines.
“We’re serious about helping to provide solutions for the mounting debt crisis, and we’re optimistic that changes today will help lay the foundation for future job growth and innovation for our country,” Dell (DELL) CEO – and council member – Michael Dell said in a statement.
The deficit is estimated by the White House to exceed $1.4 trillion this year and next; it’s adding to a debt burden that’s larger than $13 trillion.
But the nation may be able to leverage innovative procedures developed by the tech sector to slash the deficit. Half a trillion dollars could be saved, for example, if the government were to consolidate its supply chains; another $200 billion could be saved by applying analytics technology to ferret out fraud in grant applications and the welfare system.
Glenn finally steps up to the plate and starts talking about the ‘global governance’ strategy that surrounds us, and which has been in the making for decades.
Glenn has Amb. John Bolton, Stuart Varney, and my personal favorite brit, Daniel Hannan on the program today talking about the global governance issue. Please pay attention at about the 3/4 show mark, when Daniel Hannan speaks about The Federal Reserve and how it has created the situation we now find ourselves in. For more information about The Fed, please read this article and ‘The Fed’ page at the top of the blog. My educational goals include helping people understand that we, as Americans, DO NOT NEED to pay the private banking cartel $396 BILLION in interest every year on our own money. Nor do we need to turn our sovereignty over to the United Nations through Agenda 21, or give all our economic strength away to the Bank of International Settlements in Switzerland. It does not have to be – but you MUST vote for Constitutionalists in November and every single election from here on out.
America? Are you ready to be done and take a backseat?
The Judge covers all the elements of the American Empire that has grown over the decades. He then covers the new tracking and taxing of gold sales, our pathetic education system, and the unions.
Obama continues to shred the Constitution and set dangerous precedent on many levels.
Judge Napolitano is filling in for Glenn who is handling a minor medical emergency with his daughter. Considering the violation of the ‘rule of law’ in our country by this administration with the handling of the BP oil disaster, having the judge moderating this program today is a blessing due to his knowledge of the law and Constitution.
Judge Napolitano explains how the liability cap that was put in place by a republican congress and Bill Clinton to limit what the oil companies pay in case of accidents was in return for the federal government being able to say where drilling could occur. The Judge states that BP asked the State of Louisiana to drill in 500 feet and the feds said “no, you have to drill in 5000”.
He also explains how the $20 Billion dollar escrow account that BP is filling with cash is going to be overseen by a Obama czar, Ken Feinberg, and how the government, not a court of law, is going to decide who receives compensation. Very un-Constitutional, very un-American, very Obama.
The judge’s introductory panel includes Stuart Varney, Charlie Gasparino, FBN Senior Correspondent, and John Tamny, Editor of RealClearMarkets.com
Stuart Varney interviewed Congressman Paul Ryan about the current out of control spending in Washington, and his plan to rein in spending and alleviate the $108 Trillion of unfunded liabilities we are now carrying.
Stuart Varney filling in for Neil Cavuto on Your World is interviewing Debra Burlingame of Keep America Safe about the consequences of bringing the 9/11 terrorists to NYC for a criminal trial. Debra is very articulate and concise and lays out the 3 ring circus of how this case will “devolve into putting the United States Government on trial”, and how if KSM decides to represent himself, he will have access to all sorts of national security secrets as part of his defense. Thought that was bad? As usual, it can and will get worse:
…moreover, it means that if they don’t want to give that information, they have to dismiss all the charges that rely on it.
How’s that grab you America? Not much? Then join the beginning of the national campaign against these trials with a rally on Saturday, 12.5.09 in NYC. I will bring further details as they become available.
Tim Brown of TheBravest is giving a press conference tomorrow, 11.24.09:
We are holding a press conference on Tuesday, November 24, at noon in Battery Park, Clinton Castle for the 9/11 families and first responders/survivors. We chose to hold it on Thanksgiving Week in the hope that our fellow Americans will join us in sending our prayers and messages of thanks to our troops and first responders, who bear the brunt of the decisions made in Washington. At that time we will announce the details for a large rally in New York City on Saturday, December 5, at noon at a location to be announced at the press conference.
Going forward, we think it is important that the rally be tightly focused on the issues of keeping 9/11 war crimes trials out of civilian courts, keeping foreign terrorists off U.S. soil, and reversing the policy of returning to pre-9/11 days when the U.S. Government responded to deadly terrorist attacks with arrest warrants.
Please stay tuned as we release more information in the next few days.
Remember, these trials will be the biggest recruiting tool for Al Qaeda, as the jihadists will be able to relive every moment of that fateful day on the very site of their greatest victory. (I am paraphrasing Debra)
(H/T Ron for dropping the cartoon)
(Update: 6/16/09: Fed Strongarmed Bank of America over Merrill Lynch)
I am happy to hear that US Bancorp’s CEO Richard Davis is still above ground and breathing. It is a sad day in Amerikka when I have to write words like that because I believe that people being taken out by “the system” actually happens here, AND people keep asking me about helicopters over my house.
On February 18, I wrote “Tarp 1 Was to Ease The Credit Crunch, Not So Much…” about US Bancorp’s CEO, who had come out of the shadows and explained that no matter if a bank needed the TARP funds or not, they were going to take them. Here is an excerpt:
But Davis was critical of the U.S. Treasury’s Troubled Asset Relief Program introduced last fall, saying that while the program was well intended, it has turned out to be “lousy.”
Created to encourage lending to small businesses and consumers, TARP started by shoveling tens of billions of dollars at the country’s biggest banks but soon was expanded to include banks of all sizes. Minneapolis-based U.S. Bancorp got $6.6 billion.
“I will say this very bluntly: We were told to take it. Not asked, told. ‘You will take it,’ ” Davis said. “It doesn’t matter if you were there on the first night and you were told to sign on the dotted line before you walked out of the office, or whether in the days that followed, you were told to take it.”
But by Tuesday afternoon, a U.S. Bancorp spokesman said Davis had misspoke, and meant that because the largest banks in the country took TARP money, U.S. Bancorp and others were forced to do so as well, for competitive reasons.
Last week Judge Napolitano spoke about the “exhortion” factor involved with the banks and the TARP Money.
By Judge Andrew Napolitano
FOX News Senior Judicial Analyst
The Federal government committed extortion and they’re not being held accountable. What’s next? Listen to this: I recently met with the Chair and CEO of one of the country’s top 10 bank holding companies. His bank is worth in excess of $250 billion, has no bad debt, no credit default swaps, no liquidity problems, and no subprime loans. He told me that he and others were forced by Treasury and FDIC threats to take TARP funds, even though he did not want or need them.
“There is simply no authority in the U.S. Constitution for Congress to exercise the level of control it now seeks over private industry.”
The FDIC — with Treasury backing — threatened to conduct public audits of his bank unless his board created and issued a class of stock for the Feds to buy. The audit, which he is confident his bank would survive, would cost it millions in employee time, bad press, and consequent lost business.
He pleaded with the Feds to leave his successful bank alone. He begged his board to let him tell the Feds to take a hike. But they gave in. The Feds are now just a tiny shareholder, but want to begin asserting more and more control. This is a classic extortion: Controlling someone’s free will by threatening to perform a lawful act. (Blackmail is the threat is to perform an unlawful act in order to control someone else’s free will.) There are no exceptions in the statutes prohibiting extortion for government persons
This happened in September 2008, but the demands for more control are more recent. It sounds to me like Paulson, Geithner, Bernanke, and Sheila Blair have all read a biography of Benito Mussolini. I guess they skipped the last chapter.
There is simply no authority in the U.S. Constitution for Congress to exercise the level of control it now seeks over private industry. In fact, this level of control will wind up costing the businesses that took TARP (voluntarily or involuntarily) money since they will lose key employees who will go to work elsewhere and because the reporting requirements will take time and time is money. The Constitution basically says that if the government wants to take time or freedom or money from someone or something, it must sue for it. It cannot just give itself the authority to do so via legislation.
Everbody has read the Stuart Varney piece in the Wall Street Journal, but here is the actual event that editorial was based on:
From the White House, there were five principal attendees: chief of staff Rahm Emanuel, who arrived a few minutes late, Treasury Secretary Timothy Geithner, Council of Economic Advisers chairwoman Christina Romer, senior adviser Valerie Jarrett and director of the National Economic Council Larry Summers. Uncharacteristically, Summers said almost nothing, and it appeared to one participant as if he had been told to remain silent.
To break the ice, JPMorgan Chase CEO Jamie Dimon offered Geithner a fake check for $25 billion, the amount of Troubled Asset Relief Program money that the company has accepted. Although many of those in the room laughed, Geithner didn’t keep the check.
JPMorgan’s Dimon spoke first. He began by complimenting the president on the economic team he’d assembled. And he said his industry needs to explain more directly to the American people that the economic recovery plans are already working. Dimon also insisted that he’d like to give the government’s TARP money back as soon as practical, and asked the president to “streamline” that process.
But Obama didn’t like that idea — arguing that the system still needs government capital. The president offered an analogy: “This is like a patient who’s on antibiotics,” he said. “Maybe the patient starts feeling better after a couple of days, but you don’t stop taking the medicine until you’ve finished the bottle.” Returning the money too early, the president argued could send a bad signal.
Several CEOs disagreed, arguing instead that returning TARP money was their patriotic duty, that they didn’t need it anymore, and that publicity surrounding the return would send a positive signal of confidence to the markets.
Bank of America CEO Ken Lewis cracked a joke at the expense of his peers who’d lavished praise on the administration: “Mr. President,” he said, “I’m not going to suck up to Geithner and Summers like the other CEOs here have.” Lewis also urged the president not to paint all the banks with the same broad brush.
The president argued that’s not what the White House was doing. Indeed, earlier the same week, Obama said at a nationally televised news conference, “The rest of us can’t afford to demonize every investor or entrepreneur who seeks to make a profit.”
As the meeting wound down after nearly an hour and a half, the CEOs hustled out to live television positions on the White House grounds, where many gave interviews to CNBC.
It had been a landmark day in the history of American capitalism. Unbeknownst to the financial executives, General Motors CEO Rick Wagoner was also on Pennsylvania Avenue that day, meeting with Obama’s auto bailout task force. Although the finance CEOs got a meeting with the president, Wagoner saw only Obama’s senior advisor Steven Rattner at the Treasury Department. During the meeting, Rattner demanded Wagoner’s resignation.
It had been a tough day for CEOs in the nation’s capital.
It is the common consensus among us little people that Rick Wagoner was made an example of to other bailed out executives to tow the line or else. It is also not that hard a jump to say it was two birds with one stone considering Frederick Henderson’s background; “Meet The New CEO Of GM“.
Is there a congressperson or senator out there that is willing to bring even thinking about bringing impeachment proceedings against this usurper-in-charge for any number of bad judgement calls starting with not “allowing” banks to repay TARP money as was promised to us, the taxpayers, way back when?
The Judge with Glenn Beck: