There are several trailers for Alex Jones' new DVD Fall Of The Republic available on youtube, most of which I don't agree with or endorse. Throw your spears Jones fans, but remember that you can not hurt what does not bleed. I do appreciate his drive and passion for freedom, in a general sense. This clip is focused on the Federal Reserve and Treasury. Bernanke, Paulson, Geithner, Summers, Bush And Obama are targets. It runs 2 minutes.
In 2008 the average federal worker earned twice that of his private-industry counterpart in wages and benefits: $120,000 per year versus $60,000.
Check out the difference in slope of the two lines. Yowza. Federal pay and benefits are up 58% since 2000 compared to just 28% in the private sector.
Of course, when you consider the massive productivity advantage government workers enjoy over their private counterparts, it all makes sense. WTF?
Well, it's all the Democrats fault undoubtedly. Wait, looks like it was Bush.
There is a particular cacophonous distaste when Christina Romer's voice waddles through my speakers. The Chair of the White House CEA "cringes at the thought" of ending the stimulus early, and swears that the White House is "not cool with trillion-dollar deficits," though she offers no alternative, besides the vague illusion of savings from healthcare reform.
Why? Because they have NO deficit-reduction plan, people. None. Geithner, Summers, Romer & Obama are praying, salivating for massive debt-induced growth. They have no other hope.
Meanwhile, tic-tock, just don't look at the debt clock.
- ROMANO: I was reading a transcript of a hearing that you conducted with Secretary Geithner. And you had a very good question, which was why is it that the banking institutions and the automobile companies were treated differently, that the criteria for receiving the funds was very different. The banking industry didn't really have to meet much, and the automobile industry did. If I recall right, you asked the question three times. And I'm not sure he ever answered it (go to the 2:55 mark of this link).
- WARREN (all quotes below are hers): If he answered it, I didn't catch it.
- Obviously, it bothered me. That's why I kept asking it. There is such a difference. I mean, just take a deep breath for a second on this. We said with the auto companies you have to have an entirely new business plan. You have to go through bankruptcy. You have to wipe out your shareholders. Your debt holders have to take a hit. Your labor has to take a reduction. Your management team is at risk for being fired; some of them got fired.
One year after rescuing Fannie and Freddie (to the tune of $200 billion, and still growing), what has the government learned about irresponsible mortgage lending.
The FDIC's head honcha, and lone voice of reason among bank regulators in Washington, Sheila Bair has been extremely busy. And it's good news for taxpayers across the board. We have the details (3 articles) from the just-concluded Reuters Financial Summit plus new video.
Special Inspector General of TARP Neil Barofsky has been making some noise lately. He appeared on the nationally-broadcast CBS Early Show this morning; he was before the House Oversight Committee last week blaming Geithner for the AIG bonus rip-off, and this afternoon the quarterly TARP progress report was released.
A few weeks ago, he sat down with Lagan Sebert and Christine Spolar of the Huffington Post Investigative Fund. You might remember their outstanding work from this video. Barofsky is candid and revealing in this 5-minute clip. One of his best interviews to date.
Kashkari hasn't missed a beat. He might be chopping wood and reading Thoreau in the mountains near Tahoe, but his Wall Street bailout sales pitch hasn't lost any shine. The fear-mongering is never far from the surface. More vague allusion to super-galactic devastation and destruction that was avoided through righteous and swift Treasury action.