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There Are No Words To Describe The Following Part II


Alan Grayson questions the Inspector General of the Federal Reserve - 05/09/10


Circulate Far and Wide.

Our only hope to stop the heist will come from greater awareness.



If you're in a hurry, start watching at the 3-minute mark.  At issue is the accounting and oversight for $9 trillion in secret Fed bailouts of Wall Street banks, for which taxpayers are ultimately responsible to the tune of $32,000 for every man, woman and child in this country.  Fed audit, anyone?




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Reader Comments (677)

FIrst of all I have never seen such a bunch of sore losers in my life. Everyone is quick to blame our president who has been on the job all of what 5 months or so.... We can thank a few people along the way for creating this mess. I saw someone threw Billy Clinton's name in the hat and then someone took it all the way back to Jimmy 'Peanut" Carter. It's safe to assume these sore losers are only pointing out the guys from the other party. IF anyone was paying attention during the election I think we can recall John McCain and that hillbilly from Alaska talking about: More de-Regulation and more tax breaks for the rich as the solution??? No folks we need to back up to Ron "hollywood" Regan for the real problem here. He was the man to start deregulation. All our money troubles started when we allowed all the "Smart" investment bankers to manage themselves and all of our trillions. They pushed to get a little something called Special Purpose Vehicle set up and move all this bad debt they were knowingly racking up with their insurance buddies offshore to shell companies and not have to show those books to the dumb stockholders as it was too complicated for them to understand. And we surely can't leave out Dick Chaney and the Ignorant Cowboy Bush from Texas. They undertook the largest outsourcing in history of our Military, prison system and most other support functions in Govt. They made all their friends Rich beyond belief Just look at the balance sheets of Haliburton, Blackwater etc and the thousands of shell companies they operate under. They do all this to hide how much money is actually being spent with these companies. Do a little research people. Stop being Sheep. It shocks me daily how many people just listen to the crap spewing out from the right and take it as fact. I loved last week at the Gym when a Fox Newscaster (which obviously reports the fiction the right dreams up) was commenting on our new Supreme Court Justice and said something to the extent of " The right doesn't have any dirt on her yet but you can be sure they are looking and going to come at her with all barrels blazing regardless" Its really sad when someone who has republican values such as I finds them self voting for Democrats as they are closer on most issues to my values than the republicans. Scary times people. We need to be more united as a Nation and not let Rouge politicians and special interest groups keep feeding us this crap to divide us. Look like it or Not the guy in charge is there for at least 4 years. Its a disservice to our country to continue to Sabotage our current leader and his staff with lies and propaganda. I live in CA and today saw a group protesting in Palo Alto on the street about Obama's Healthcare and likening him to Hitler. With a photo of Hitler on this big sign. WOW i mean really.... It's shows the lows we have reached in our country to associate our leader with a murdering war criminal.
Jun 3, 2009 at 9:04 PM | Unregistered CommenterMnstr

I hope you have a chance to look around this site. Our beef is with anyone, regardless of party affiliation, who supports the ongoing taxpayer funded bailouts of the banks and their bondholders, of AIG and its counterparties (i.e. the same bailed out banks), and of the auto makers and the UAW. I don't know what gave you the idea that this was a "Republican" website, but the criticism of Obama you'll find here stems mainly from his ongoing, wholehearted support of taxpayer funded bailouts for some very rich and undeserving people. Many of us even voted for Obama. But if you want to get all schmaltzy about "our current leader" or whatever, then the banksters and their pals have already won. Obama will be their man and they'll get everything they want. The fact is that Obama is getting very bad advice on the issue of the bailouts. Geithner, Bernanke, Summers -- in his own special way, each of these men are partly responsible for this mess in the first place. Why Obama voted for the TARP, is beyond my ken. But whether you like Obama or not, the bailouts are wrong, we can't afford them, and they ought to be stopped. I think most of us can agree on that.
Jun 3, 2009 at 9:34 PM | Unregistered CommenterJames H
Hi yea I have looked around and did get off on a rant. I totally agree with the subject at hand and your comments. We have over spent our limit on the good ol USA credit card and need to stop spending money. We should be ashamed as a nation we have not punished both the criminals on wall street and in DC. They should have assets seized and go to jail. If I ran my company the way they ran theirs I would get a nice tax payer Federal Vacation somewhere for a long time. Sorry i got off subject i just get fed up with someone bringing up a important subject like this and the more i read the more i started seeing it moving off to a lets blame the left for everything even though they recently came in to power. We need to look back and clearly put the large part of the blame where it belongs. Sure we need to be cricitcal of current govt and the bad moves they are making.
Jun 3, 2009 at 9:42 PM | Unregistered CommenterMnstr

My thanks to everyone for posting your thoughts. James is correct. We are NOT a Republican or Democrat site. We exist to educate and occasionally entertain as well as create an official record of the bailouts.

If you are a politician or government official who supports the generational giveaway to bank bondholders, then we will do our best to seek and destroy you. We have no patience for our bailout culture and the minions who are keeping it alive.

Here are James' comments again:

I hope you have a chance to look around this site. Our beef is with anyone, regardless of party affiliation, who supports the ongoing taxpayer funded bailouts of the banks and their bondholders, of AIG and its counterparties (i.e. the same bailed out banks), and of the auto makers and the UAW. I don't know what gave you the idea that this was a "Republican" website, but the criticism of Obama you'll find here stems mainly from his ongoing, wholehearted support of taxpayer funded bailouts for some very rich and undeserving people. Many of us even voted for Obama. But if you want to get all schmaltzy about "our current leader" or whatever, then the banksters and their pals have already won. Obama will be their man and they'll get everything they want. The fact is that Obama is getting very bad advice on the issue of the bailouts. Geithner, Bernanke, Summers -- in his own special way, each of these men are partly responsible for this mess in the first place. Why Obama voted for the TARP, is beyond my ken. But whether you like Obama or not, the bailouts are wrong, we can't afford them, and they ought to be stopped. I think most of us can agree on that.
Jun 3, 2009 at 9:56 PM | Registered CommenterDailyBail

I agree with you 100%. When I post comments to almost all other sites, I post as "clawback" -- which in an ideal world would be part of the process you describe above. Nicely put. I've yet to see a regular commenter around here, or any serious commenter for that matter, argue for letting any Republicans off the hook. Paulson, Bush, Bernanke, Bair, McCain, Graham -- they're all Republicans and they're all to blame. Meanwhile, Alan Grayson and Brad Sherman, to name just two Democrats, have been damn near heroic in their opposition to the bailouts and in their crusade against fraud. I'd say we're pretty much on the same page with the bailouts.
Jun 3, 2009 at 10:16 PM | Unregistered CommenterJames H
We sure on the same page.......SCREWED!
Jun 3, 2009 at 11:52 PM | Unregistered CommenterAin't Bullshittin'
I am thinking seriously about learning Russian or Mandarin Chinese.....I do believe those are good bets for the future National Language for the USA. Gonna' really suck ordering a Big Mac in Chinese...I may get Kung Pow Chicken instead.....
Jun 3, 2009 at 11:54 PM | Unregistered CommenterAin't Bullshittin'
You are all a bunch of... blind drones!!!
The Federal Reserve is a PRIVATELY owned Corporation!!!! It is NOT sanctioned by the Constitution and will NEVER be brought under the rule of Law!!!
Wake up you DOPES!!!!
There is a whole other world out there just waiting for idiots like you to see, but alas, the majority of you will continue to drown in the flood of the propagandist bull shit perpetrated by those who gladly rule over you!!!!
Jun 4, 2009 at 9:14 AM | Unregistered CommenterJohn
Um....do you mean the ruling party of the Federal Reserve?
Jun 4, 2009 at 10:36 AM | Unregistered CommenterAin't Bullshittin'
I AM a moron...but that doesn't mean I can't understand the impossible situation created when the ship is sinking and the Captain can not be found - and none of his crew is capable, or willing, to take the helm. We, as a country, are that sinking ship. It is no longer about who SHOULD be doing what - if they are not doing it, not capable of doing it, nor willing, then it is time for those (who have paid way to much to ride this boat ) to be willing to take it over and do what must be done to save all involved before it goes completely under. I am not for anarchy - but, I am for removing those who would rather cause the demise of all, than risk their own position to do what is necessary for the good of all. No excuse is good enough for the condition we find ourselves in at this moment in time. Admissions of wrong-doing and incompetency would be nice, perhaps even helpful. Surely, we are not ALL morons who believe that accountability and leadership go hand-in-hand. We have, as a nation, had the best - as well as the worst - of examples set before us in our long history. Good leadership should be able to discern what is best for the collective whole based upon such examples. Experience is often the best teacher. Instead, those who have the experience, those who have been around for many years, are often put off and ignored - deemed as old, out of touch, and old-fashioned. Wisdom is too often exchanged for new ideas borne, not from knowledge and understanding, but rather an insatiable lust for power, position and wealth. It will require more than just ONE person of reason and a sound mind - surely, there MUST be more than one - willing to scream louder than the insanity of which we now find ourselves a part.
Jun 4, 2009 at 10:45 AM | Unregistered CommenterMia
Thank you. I have added this to our PUTZ category
Jun 4, 2009 at 1:36 PM | Unregistered CommenterTDC
1. This is all about class warfare and Rule By Secrecy !
2. The Fed and central banking in general are the main tools of the wealthy, private banker class club sitting on top of the world.
3. The excessive printing of money is the huge, hidden tax, reported to the people as if its resultant inflation were an act of nature.
4. The Fed is the biggest scam of all time. Corporate, wealthy socialism, not the altruistic version.
5. Ayn Rand and her Objectivist philosophical followers (Greenspan) are truly deranged self servers of the club, without moral conscience.
6. Jefferson and Jackson fought heroically to stop this scam, but the Hollywood mafia strictly denigrades them, out-of-their time, with the slave and indian issue smear tactics. Guess what club this H'wd mafia belongs to.
7. This wealthy cabal is truly miffed that they let the internet go public, as they have overwelming dominance over all other media.
8. War is good for their businesses and investors as they require this imperialism because the Arabs live atop the oil. Israel was mostly fabricated as a foothold into this region of oil.
Jun 4, 2009 at 1:55 PM | Unregistered CommenterJefferson Jackson
Obviously the inmates are running the Asylymm !!
Jun 4, 2009 at 2:56 PM | Unregistered CommentertHomson
No big surprise here....just another example of the "inmates running the asylum" and my only question is how much longer are the "sheople" in this nation going to continue putting up with this abberrant behavior. I continue to believe that we should treat our "leaders" (and I use the term loosely) as we would misbehaving children by "cutting off their allowances" (refuse to pay income tax) and "putting then in time out" (ie prison....and not those "honor camp" retreats)....it's the only way we're going to get their attention. We're dealing with a bunch of chronic, arrogant, entitled sociopaths and for every one we vote out of office (providing our votes are actually counted...thank you Diebold) there are 10 more "crooks in training" waiting in the "wings". I've been guesting on talk radio shows for the past 11 years and I always tell my audiences the "The world we live in is not the world that we think we live in"....some lessons are harder to learn than others and self-empowerment (nationally) is turning out to be a "major doozy". We'll continue to be stuck in this mess until we assume control of this "Frankenstein Bureaucracy" we've created. The lyrics to Elton John's "Burn Down the Mission" should become our national anthem as well as a reminder to politicians of what happens when they forget who they represent and the ramifications that may ensue.
Jun 4, 2009 at 5:42 PM | Unregistered CommenterGalensbook

Cutting off their allowance would certainly get their attention. We'd need critical mass, though (millions?). Whatever you think of the Tea Parties, I think they show that people are at least open to the idea of taking control of their own government and witholding some of the goodies. How could we make this happen? Any ideas?
Jun 4, 2009 at 6:55 PM | Unregistered CommenterJames H
The Liberty Tree is screaming for the blood of tyrants to nourish it's starving roots. Who will nourish this Liberty Tree? When will our nation of sheep finally have enough? How long will we allow these elitist tyrants continue to abuse our families? When will you fight? It will be too late when you are shackled and face down in the dirt!
Jun 4, 2009 at 8:29 PM | Unregistered CommenterDan Gonzales
2010 and voting is a real good start......Taking our representatives to task has long been overdue.....I think it is more about ignorance than apathy. This is whole mess has become a fast track education on economics for Joe 6 Pack...AB
Jun 4, 2009 at 9:22 PM | Unregistered CommenterAin't Bullshittin'
I'm certain futuregasm is just doing her job, just as Elisabeth Coleman is doing hers... deflect, deny, avoid "um, can you repeat that question again?" Yes, people, we are fucked. Get your guns, get your ammo, and get ready for another American Revolution.
Jun 5, 2009 at 11:24 AM | Unregistered Commenterbolt51
I agree that it is not necessarily a Republican or Democrat problem, it’s a politician problem. These men and women who want to control our daily lives are not dumb. They know what they need to say to get elected. We have truly entered into the entitlement era with our main concerns being “what can you give me?” or “how little do I have to work for it?” As sheeple, we have pulled the lever for the ones who answer these questions favorably, without considering the consequences.

“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasure. From that moment on the majority always votes for the candidates promising the most money from the public treasury.” - Alexander Tyler

“A government that robs Peter to pay Paul can always depend on the support of Paul.” – George Bernard Shaw

The masses are not being educated but are being “dumbed down” to a level that our politicians can maneuver us the direction they want, make us think we like it and that it is the right thing to do. These politicians like to get behind podiums and use words like fascist, communist, and socialist as they point fingers at the other political party, knowing the whole time that most American voters (especially the younger generation) can’t even register what they are saying. But they sound smart, so they should be our leaders. Truth is, that the little white stuff on the top of chicken shit, is just chicken shit too.

Educate yourself, work hard and don’t settle for mediocrity.
Jun 5, 2009 at 1:04 PM | Unregistered Commenterblessingsofliberty
We the People demand an explanation.
Jun 5, 2009 at 4:40 PM | Unregistered Commentertom Reiser
Why is it necessary to use childish obscenities and to degrade responders to present one's point of view?
There is no question in my mind regarding these Stone Age throwbacks.
Jun 5, 2009 at 6:49 PM | Unregistered Commenterjmhfnr
I am speechless
Jun 5, 2009 at 8:18 PM | Unregistered CommenterMark
This is upsetting, you need a minimal education and little experience to know how to audit. This lady seems lazy and pretty much useless. She takes her paycheck and cashes it without thinking about our economy, that's just great.
Jun 6, 2009 at 4:30 PM | Unregistered CommenterGeez
And we keep focusing on petty democratic and Republican "differences" while the shell game being played by the international bankers (run by the bilderbergs, CFR, and tr-lateral commission are slowly draining the world's wealth and resources to take over- gotta love the Rockefellers!
Jun 6, 2009 at 5:28 PM | Unregistered CommenterRound and Round
I can not believe that an idiot like Coleman got the job much less kept it.
She has put the woman's movement back 40 years. Yikes, get the hook!!
Jun 6, 2009 at 8:27 PM | Unregistered Commentera concerned citizen
Right on Rojo! I couldn't have said it better myself!
Jun 7, 2009 at 12:05 AM | Unregistered CommenterBubs
I find it astounding that these people that "The Man of Change" is putting in place are so inept and stupid. Do they just want to collect a paycheck??? What happened to just DO YOUR JOB???
Jun 7, 2009 at 6:59 AM | Unregistered Commentertweety65
this is disgusting whos getting paid under the table?
Jun 7, 2009 at 9:08 AM | Unregistered Commentere kaluf
Disgusted- The President is American and was born in Hawaii? Then why is his original vault birth certificate off limits, as well as his college appilaction docs, his transcripts, his law review records? Why did a Kenyan official refer to his birthplace there becoming a shrine? His early education in Indonesia was at a Muslim school- harly surprisinfg as Indonesia is a majority Muslim country.

Don't bother with the racist nonsense, either. I was one of the many who admired Condi Rice and would have voted for her in a heartbeat, against any socialist of any color. Before he put color over conservatism, I regarded Colin Powell as a fine leader and a good Republican POTUS or VP candidate.

Oh, but that's right; they have to be AUTHENTICALLY black to qualify...somwhere to the left of Castro or Che.

No hard feelings I hope; I "calls 'em like I sees 'em". I'm much nicer in person!
Jun 7, 2009 at 4:46 PM | Unregistered CommenterJimRed
GOD HELP US!! These people surely won't.
Jun 7, 2009 at 5:18 PM | Unregistered CommenterNorma
This is rich ... a Democrat congressman questioning someone else about the vast amount of honest citizens' money that THEY forced "out there" without themselves knowing anything about where, when, how any of this would be followed and accounted for. And THEY follow that misuse and failure to fix anything with more intentions to "spread more wealth around" to solve a now Congress generated greater chaotic situation than before. Yes, grandstanding to protect their own sorry and inexcuseable failures. Run companies??? They can't even run their own simple personal tax liabilities.
Jun 7, 2009 at 5:36 PM | Unregistered Commenterobserver
The inmates are running the asylum!!!!!!!!

Hey, when they run out of money, they just print
more, so what's the big problem, eh? Aren't we accustomed to having people who are supposedly responsible with million dollar jobs say, "Duh, I don't know.?" It's just more and more of the same ol' crap.
Jun 7, 2009 at 6:47 PM | Unregistered CommenterEarlene
Barack H. Obama has paid over $900,000 to seal every record on himself, from his birth certificate to his college papers? Now why would anyone in America do this, eh? There's only one obvious answer to this secrecy..................does anyone get it? H e h a s s o m e t h i n g t o h i d e w h i c h
h e d o e s n ' t w a n t a n y o n e t o f i n d o u t ! Maybe because those particular documents have his real birthplace imprinted upon them, 'ya think? If he was born in Kenya as his grandmother claims (she said she was in atendance), that would disqualify him from being President of The United States. Why is our legal system still playing dumb after months and months of being asked these same questions? Get on with the investigation or tear up the Constitution and shut up! We're not using it anyway, are we!
Jun 7, 2009 at 6:57 PM | Unregistered CommenterEarlene
The "Federal" reserve is a criminal syndicate of international bankers.
They deserve to be hanged, but I'd be satisfied to throw them in prison for the rest of their miserable lives.
Jun 7, 2009 at 8:37 PM | Unregistered CommenterClark
Article 1 section 8, US Constitution: Congress shall have the Power To coin Money, regulate the Value thereof, and of foreign Coin. Having read the entire Constitution and the 27 amendments, there is no place where Congress is granted the right or authority to delegate its authority with respect to the above to a private entity or ANY entity. How would you feel if they delegated their taxing authority to Haliburton? The Fed is an illegal, quasi-governmental entity that needs to be dismantled but that won't happen since those with money never relinquish control and the Fed is the way to control the money supply without subjecting it to the whim of the unwashed masses. When Greenspam talked about wage inflation, he was talking about keeping the average Joe from earning a better living. The 1999 hyper-inflation of the money supply was a deliberate effort to create a bubble and crash and force all those near retirement to keep working. The Fed did it again with recklessly loose credit and the housing bubble. No need to worry about wage inflation since the vast majority of baby boomers will now have to work until they are carried out in boxes. Solves the FICA issues.
Jun 7, 2009 at 10:51 PM | Unregistered CommenterThe all knowing eye
It's only money! I'm happy that she is not in charge of our nuclear weapons........and the same questions were asked, replacing the Billions and Trillions with "Do you know who is in charge of our Missle inventory? "Could you repeat the question?" "I'll have to get back to you" etc Scary isn't it? Oh ,by the way my husband would probably know the answer to your questions since he does our checkbook.........enough said.....
Jun 8, 2009 at 11:05 AM | Unregistered Commenter"LOST"
Retards! How is it possible that these people even have a job, retards would be a step up from this. Zimbabwe is looking better everyday.
Jun 8, 2009 at 11:13 AM | Unregistered CommenterTim

I would assume that she knows what her job is or isn't. I would also think that she could have expressed the responsibilities of her position a little more eloquently.
Jun 8, 2009 at 12:13 PM | Unregistered CommenterTR
Madison wrote: But what is government itself, but the greatest of all reflections on human nature. . .

With all the finger pointing at CEOs and the financials I think the people who have hope in big Gov are the biggest idiots. At least the vast majority of corporations want to make a profit unlike the gov't who could care less. Unfortunately, even with all the money the gov't has access to it can't use it to read minds or CVs either apparently to hire the best for the job. But as before the "gimme, gimme" nature of the current US population blindly accepts whatever a pretty face or decent orator spews out. We deserve what we get because we just never learn and those that do try to explain the past "sins" of gov't are ridiculed as extremists, right/left wing nut jobs. . .
Jun 8, 2009 at 12:46 PM | Unregistered CommenterGarrick
well we really did it this time!! we the people elected a deamon who promised nothing but change and he gave us exactly that.
we will never get out of this mess when a high ranking official from the Fed cannot answer simple questions without stamering and hem hawing the way she did.!!!
Jun 8, 2009 at 4:41 PM | Unregistered Commenterbob mc nerney
I guarantee the next time, the Inspector will have one of those ear-pieces in her ear, so the bitch in the back doesn't have to whisper to her "hey you ignorant slut, just tell him to mind his own business, it's our money now! "
Jun 8, 2009 at 7:42 PM | Unregistered Commentereyeswideopen
You all act like this is some BIG scandal. First of all this new administration came to power in January, They're talking about funds that were manipulated by George and his cronies. This is just Big government at work people. Settle down and let this new president have a chance!
Yall better have some HOPE or we're in deep stuff here. He has alot of CRAP to undo from that whacko BUSH!
Jun 8, 2009 at 9:28 PM | Unregistered Commenterhopeful
This department should be held responsible and terminated immediately. There are plenty of responsible people who care about this country who would love to have this job. Let's expose the corruption and get started in the going in the right direction.
Jun 8, 2009 at 9:54 PM | Unregistered CommenterDennis Robinson
I am sick and tired of the Democheats and the Republicants fleecing my country without consulting me. YES ME! I represent 'WE THE PEOPLE', who you self serving politicians seem to have forgotten about. For the present administration, even if it is against the law or the constitution, you feel you can do it any damned way you want and no one will be able to stop you.

I have lived in this world for 71 years and have NEVER seen the corruption as rampant as it is now. There are leaders in several of the States who are more qualified to run the United States than Obama and his crooked cabinet. Obama has an agenda and that is to destroy the United States of America and make it the the United Muslim States.

Those of you who voted him in are responsible for the demise of this country and don't try and weasel out of your guilt.

I am an ex-Navy Veteran who loves this country that Washington is trying to destroy and it sickens me to watch the silence of those who are opposed to what is going on. Get your head out of the sand or wherever you have it and WAKE UP.
Jun 8, 2009 at 10:01 PM | Unregistered CommenterJim Edmundson
TO THE SILENT COWARD WHO POSTED THE FOLLOWING ON JUNE 3RD: (FIrst of all I have never seen such a bunch of sore losers in my life. Everyone is quick to blame our president who has been on the job all of what 5 months or so.... We can thank a few people along the way for creating this mess. I saw someone threw Billy Clinton's name in the hat and then someone took it all the way back to Jimmy 'Peanut" Carter. It's safe to assume these sore losers are only pointing out the guys from the other party, etc, etc, etc,.)

If you are so adamant about your feelings, you mental midget, why don't you identify yourself? Why? Because you are just like all the Oduma supporters who blame everything on Bush. History and time will tell who was the better President. When the Government comes into your home and confiscates your ass and your assets, don't say you weren't warned.
Jun 8, 2009 at 10:08 PM | Unregistered CommenterJim Edmundson
Dear E. Holder, You my friend are blind as a bat if you really believe anything that this terrorist, Marxist, Socialist man we call our President says. He is not from America. I have proof of it. I have researched it out. Hussein himself says he is a Muslim. This man is a terriorist cell who is destroying our country on a daily basis. Wake up and smell the roses before its too late.
Jun 8, 2009 at 11:39 PM | Unregistered CommenterCraig Walsder
This has been going on since Greenspanks, nothing new, just that the bad economy shed a spotlight on these looser failures.
Banana Ben Bernanke and his psycho co-demons must be thrown out!
Funny, it took a depression to actually show that these loosers only know how to rule the monetary environment through Ponzi schemes. I'm glad that FINALLY others are starting to notice.
Buy gold and guns, if they try to take the gold from us give them led.
Jun 9, 2009 at 2:47 AM | Unregistered CommenterFEDPHANTOM
Liz looks like a good lay
Jun 9, 2009 at 10:19 AM | Unregistered CommenterLong Dong Silver
The consensus is how do we protect or take back our money. Rememeber, they are spending money they don't have yet and can only get from taxes in the future. In order to stop all of this nonsense, there needs to be a serious tax revolt in this country. The tea bag parties were a start but the pressure needs to continue. It is the people who run the country and not these lame politicians..
The problem is we are now officially a welfare state. 60% of the population receives benefit from the government in excess of their tax liability. The course we are on is designed to make even more people dependant and disincentivize those who want to succeed and prosper. This will further empower the lunatics who are running the asylum.
Jun 9, 2009 at 11:34 AM | Unregistered Commentergunnar
The problem is well defined, the solutions are unclear. All this ranting against the people of the past will do nothing to make a difference in the future. It does not matter who is at fault, what steps they took to create the problems or how they gained their power. What does matter is what we will do going forward to change the circumstance.

The bailouts were a bad idea at the start. The way they have been applied is even worse. We can hope that recent actions in the Supreme Court will slow some of the stupidity and force the government to at least obey current law. But we cannot afford to get trapped in the political arguments of the moment. We must create a vision of the future that will resonate with Americans and we must work toward that vision with all our energy.

My thoughts on some things we can continue to do now, for what they are worth:

1. Continue to flood the publicly accessible media with information about what is happening and what it means for the future. Emphasize the facts and keep them simple.
2. Continue to expose government failure, incompetence, greed, foolishness, corruption, etc. It does not matter who appointed these people, how they got their jobs, or why they still have them. It only matters that we expose them now and either force them to perform or move them out.
3. Promote and communicate broadly the real alternatives to the problems we face. If you want to eliminate the Federal Reserve, suggest a viable alternative. (Really, do you want the members of Congress to have direct responsibility for and control over monetary policy in the United States. Most Representatives don't know the first think about economics and they certainly don't understand the critical issues of international monetary policy. I shudder to think of the mess they would create if they had direct control.) (I have ideas about what these alternatives could be, if you want to discuss them, just let me know)
4. Promote productive revolutionary activity. I mean, activity like the Tea Parties where people hear the truth and become active in efforts to change the situation through constitutional means. Let's work hard together at the grass roots level to get more people involved in the voting process who will vote good sense instead of good feelings. We need a change in leadership in Washington that is committed to a dramatic downsizing of government, accountability to fiscal responsibility, the principle of individual responsibility as a pre-cursor to individual liberty, and to governance as service instead of a career path.
Jun 9, 2009 at 12:54 PM | Unregistered Commenterbusinesscoachk

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