Excellent and informative article. I am sure President Obama is well aware of all the lies and distortion that is coming out of not only the media but the administration. I think this basically shows the stranglehold the bankers and financial sector has on the country and for that matter the world.
To think that any administration can make a change when most Americans are oblivious to how the system is stacked against the middleclass in favor of the money movers is utterly naïve. What must be done is give the average middleclass the ability to wean themselves off the corporation (ability to get economical healthcare insurance, economical loans. etc) so the individual can really control their own destiny. Much of this involves the re-education of many Americans.
Currently the corporation as provider of our healthcare and the insurance company as the monopoly paying for it, and the bankers the only real lending game in town takes away our individual freedom indirectly. The Obama policy though not articulated as I stated is where it starts. If we allow the Right back into power, our enslavement to the corporation will continue. It will be a continued welcome to indentured servitude.
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My Book: As I See It: Class Warfare The Only Resort To Right Wing Doom
Book’s Webpage: http://books.egbertowillies.com – Twitter: http://twitter.com/egbertowillies
The good news in America today is that many of the lies from our leaders and media no longer seem to be working. Four out of five people view the current proposed financial reform as ineffectual. Many in Congress who voted for socialism for the rich now look like they will be voted out for continuing those giveaways.
Now the only way those banksters can survive is to pretend that their corporate communism is working even in the face of overwhelming evidence to the contrary. Most recently, they decided that instead of taxing complicit financial institutions the cost of their "Financial Reform-In-Name-Only," they will instead use what I call the Big Tarp Lie to pander for the vote of Senator Scott Brown and others.
The mainstream media rarely fights back against this lie, either due to an inability to understand, a desire to protect their access to these same politicians and bankers or an unwillingness to go up against the very same financial institutions that are often the only thing between them and the unemployment line.
However, we the people have to fight back against these lies — and thankfully we own the truth.
This lie must be beaten back by all of us like whack-a-mole every time it rears its ugly head. Please help me by sending this information to any politician, media figure, banker, neighbor or robot that you find repeating it — they can take our money, but they don’t own the truth.
Let’s break it down:
1. TARP itself hasn’t even made money. AIG alone still owes us $75.6 billion. However, they always add the caveat "Other than AIG…" when they say that the bailouts were "profitable." But the AIG money was directly paid to many of these same banks that "paid back their TARP" at an outrageous 100 cents on the dollar! Mind you, this was done by government officials that were the former employees and current shareholders of the very banks they were helping. Let’s make banks like Goldman Sachs, Bank of America and Societe Generale pay back the $105 billion of stolen taxpayer money before we let anyone say "TARP was paid back."
