NY Times: Ron Paul Intervew – Part 2

This is a follow up to the post NY Times: Ron Paul Interview – Part 1.

The interview is conducted by author of “Freakanomics”, Stephen J. Dubner for the New York Times.

The questions are ones people asked of Ron Paul after the election of Barack Obama.

It is a very informative and insightful interview. There is a lot of knowledge to be learned from this interview. Read and learn:

Ron Paul Answers Your Questions, Part Two


Q: What is the first thing the country should do about its monetary policy?

A: We should immediately audit the Federal Reserve. I am the ranking member of the Monetary Policy subcommittee in the U.S. Congress, yet I can get more information about the internal workings of the C.I.A. than I can about our central bank. This secrecy is fundamentally wrong, and I believe that people from all over the ideological political spectrum can agree on that.

Bloomberg News this month has gone to court compel the Fed to disclose securities the central bank is accepting on behalf of American taxpayers as collateral for trillions of dollars of loans to banks. Expanding transparency is critical and could be done very quickly.


This is “Change We Can Believe In”?

As President-Elect Obama selects his cabinet and appointees, we learn that there is really not going to be any change in the way this country is run. He has not even taken office yet – but disappointed many people in this country.

I wrote in my blog post, The Audacity of Dope earlier this month that based on Obama’s views, his groveling before the Israeli lobby, AIPAC, and his appointing a self proclaimed Zionist for VP, his “Blue Print for Change” – I didn’t believe anything will really change. As President-Elect Obama appoints more Zionists, war hawks, dual Israeli citizens, war criminals, NeoCons and considers keeping Robert Gates as Secretary of Defense – he seems to be proving me right.

Their loyalty does not lie with the interests of the American people. I feel sorry for the people who bought into duplicitous calls for “Hope” and “Change”. If only they had looked carefully at his views, his “blue print” and his proposals.

Sure John McCain was evil and the country would become worse if he became president – but choosing the lesser of two evils is still evil. So the struggle for people who really want change continues.

Here’s a brilliant article by award winning journalist – Jeremy Scahill. Scahill looks into the people that President-Elect Obama has surrounded himself with, is hiring and considering for top posts. Click on the link below to read the complete article.

This is Change? 20 Hawks, Clintonites and Neocons to Watch for in Obama’s White House

Scahill has only mentioned the usual suspects and did not include culprits like Indian American Sonal Shah – who was a member of the Hindu supremacy fundamentalist groups – VHP and the RSS, who are well known to spread hate and to have participated in ghastly acts of violence within India against Muslims, Christians, and oppressed castes, not to speak of spreading the general misogyny that their extremist and fascist ideology preaches. Shah also received an award from Narendra Modi – the man behind the 2002 Gujarat pogrom, or rather genocide, which slaughtered over 2,000 Muslims. This is the woman Obama chose on his advisory board. Obama apparently doesn’t seem to have sound moral judgment. You can read more about Sonal Shah here.

Jeremy Scahill’s book “Blackwater: The Rise of the World’s Most Powerful Mercenary Army” was a NY Times bestseller and winner of many awards including the Polk Award. Blackwater was a really insightful, scary account of the war profiteering “private contractors” that are hired to fight for Bush’s “crusade”.

Bailout Tally: $4.28 Trillion So Far

We’re hearing of bailouts everyday, bailouts for every kind of industry – insurance, housing, mortgage, investment banks, credit card companies, automobile, etc. Even States are going insolvent and demanding federal bailouts now.

CNBC is keeping track of all the bailouts and where the money is going. Now the bailout has reached $4.28 trillion dollars.

“That’s $4,284,500,000,000 and more than what was spent on WW II, if adjusted for inflation, based on our computations from a variety of estimates and sources.”

Click the below link to see the line by line breakdown of where our taxes are going in this bailout that Naomi Klein calls “borderline criminal”.

CNBC: Financial Crisis Tab Already In The Trillions

Bankrupt States of America

Government spending has gone way out of control. More states cannot meet their expenses and are demanding federal bailouts from Washington. Here’s an article from the Washington Post:

Facing Shortfalls, States Seek Emergency Aid From Washington


NEW YORK — First came the banks looking for a federal rescue plan to stay afloat. Next it was the automakers seeking a bailout. And now state governments say they, too, need emergency federal assistance to remain solvent.

“I believe that the crisis that is happening in the states needs to be elevated in the national discussion about restoring our economy,” said California state Assembly Speaker Karen Bass (D). “California is the world’s sixth-largest economy. And just as we cannot let the auto industry fail, we can’t let the state of California fail.”

Eight states — New Jersey, California, Kentucky, Missouri, Wisconsin, North Carolina, Rhode Island and Arkansas — are nearly solvent, with reserves to cover four to six months of average payments. And an additional six states fall into the seven- to 11-month range — Pennsylvania, Minnesota, Idaho, Illinois, Connecticut and Massachusetts.

How about just cutting back spending? Why not live within your means like you are supposed to?

A few months ago I wrote a post on how California is wasting our taxes, The state bureaucracies spend on prisons, useless programs to bring free phones to people, free health care to illegal aliens, etc.

Here’s an example from that post:

LAUSD wastes hundreds of millions on building schools which never get finished. LAUSD bureaucrats make as much as $300,000 plus benefits such as a car, housing, and expense accounts. LAUSD Principals make $99,000 up and Superintendents $250,000 and up and they don’t even teach anything.

NY Times: Ron Paul Intervew – Part 1

Ron Paul has been the only person who has solutions to the problems ailing our country.

Stephen J. Dubner, Author of “Freakanomics” conducts an interview for the NY Times:

Ron Paul Answers Your Questions


Q: What active steps would you take toward reducing the size of the government?

A: The first thing I would do, which could be done rather quickly, is change our foreign policy. If you add up all of our overseas expenditures, we spend nearly $1 trillion every year. We have bases in 130 countries, 50,000 troops in Germany, and our brave military men and women bogged down in two wars in the Middle East.

By announcing that America will pursue a foreign policy of non-intervention, where we have trade, diplomacy, and travel — but where we don’t police the world and stay out of the internal affairs of other nations — we could cut that $1 trillion in half and still have a strong national defense to keep us safe. All that money we save could be used to address the entitlement system, making sure there will be funding there for people who have become dependent, while allowing young people to get out.

Secondly, I would begin to reassert respect for the Tenth Amendment. The Constitution does not authorize so many things that the federal government currently does. I would look to phase out entire departments and return these functions to the states as the Constitution intended. The Departments of Education and Energy would be on the top of my list.

Finally, I would look to our monetary system. Government can only tax its people so much before they say no. So the government expands the money supply when it has taxed and borrowed all it can. This inflation is a hidden tax that falls squarely on the middle class. Sound, honest money would go a great way towards reining in the big-spending politicians.

Read the complete interview by clicking here.

Trillion Dollar Bailout is a Crime

Our economy is being shredded to pieces. We are witnessing the arrival of another Great Depression. Thousands of jobs are being lost daily. Corruption, mismanagement and deceit are rampant in our financial markets. Our government is collaborating with white collar criminals and giving them trillions of dollars of our money to them.

$108 billion of our taxes is going to pay for the bonuses for these Wall Street firms.

How can any sane and reasonable person say things are getting better due this robbery by central bankers and political policy makers efforts? They are lying to you so you approve of this robbery.

Who in their right mind believes that these bailouts will help economic recovery? What kind of crack are they smoking?

Millions of Americans struggle every day working hard for a future – is this where we want to put our hard earned tax dollars? Bailing out corrupt and mismanaged companies? Our roads, bridges and schools are falling apart. Our cities have homeless people being arrested for being homeless, more and more Americans cannot afford to pay for health care – hospitals in this country charge an obscene amount of money for a night. One of my relatives cut her finger, went to the hospital got a few stitches and a bill for $13,000 dollars. Then we go back to work so we can bailout these corrupt bastards?

Here’s Naomi Klein on the crime of the century. Democrats, including Obama (who wants to gve $50 billion to US auto companies) are a part of this great robbery with their calls for more bailouts.

Wall Street’s Bailout is a Trillion-Dollar Crime Scene


Of equally dubious legality are the equity deals Treasury has negotiated with many of the country’s banks. According to Congressman Barney Frank, one of the architects of the legislation that enables the deals, “Any use of these funds for any purpose other than lending — for bonuses, for severance pay, for dividends, for acquisitions of other institutions, etc. — is a violation of the act.” Yet this is exactly how the funds are being used.

Then there is the nearly $2 trillion the Federal Reserve has handed out in emergency loans. Incredibly, the Fed will not reveal which corporations have received these loans or what it has accepted as collateral. Bloomberg News believes that this secrecy violates the law and has filed a federal suit demanding full disclosure.

Please contact your Senators, Your Congressman, Obama, your friends and neighbors and tell them that this bailout is a crime and they should not be supporting it. If you care about America, do not let this robbery happen with your silent and tacit approval. It will only get worse as more bailouts are called for.

Obama Urges Bailout For Auto Industry

Now that banking, insurance, airline, retail (in the form of “stimulus”), housing, and many other industries are getting bailouts – the US auto industry is also looking for its own bailout of taxpayer money. And Obama is supporting this. This is such a terrible idea. Socialism gone wild. Las Vegas casinos are not doing well either – what next President Obama? Another bailout for them too?

The US auto industry has been in trouble for a long time now – this is due to their failure to change their business model that has seen sales plummet. Consumers no longer want cars that are gas guzzlers and clunky, outdated, unreliable vehicles. This is survival of the fittest – either you make better vehicles or fizzle out and die.

The taxpayers should not have to bailout the auto industry’s losses because they can’t make good cars, cannot run their companies profitably.

Once you start giving bailouts to companies that can’t run successfully – they will keep asking for more. We are only prolonging the inevitable while hurting the only ones who are helping to keep the economy alive – the taxpayers. This is theft – shame on Obama for proposing it.

Obama asks Bush to help auto industry: NY Times

WASHINGTON (AFP) — President-elect Barack Obama asked President George W. Bush during a White House meeting for immediate aid for the struggling US auto industry, the New York Times reported on Tuesday.

During their private meeting, Bush said he could support some aid in exchange for approval of a free-trade agreement with Colombia, the Times said, citing unnamed people familiar with the discussion.

However, neither Obama nor Democrats in Congress — who been blocking the trade pact — seem willing to bend on Colombia, the Times wrote.

CNN Poll: Bush Most Unpopular President in History

We are pretty sick of hearing about George W. Bush’s achievements – this is one more achievement he has made to crown himself as the worst president in history. A CNN opinion poll shows he is the most unpopular US president in history.

CNN says:

“No other president’s disapproval rating has gone higher than 70 percent. Bush has managed to do that three times so far this year,” Holland said. “That means that Bush is now more unpopular than Richard Nixon was when he resigned from office during Watergate with a 66 percent disapproval rating.”

Here are a few of his other achievements:

1. 9/11. It was a failure of his government and also he handled it hopelessly.
2. Over 10 trillion dollar deficit from the Clinton’s surplus.
3. Over a million Iraqis, tens of thousands of Afghans and thousands of US soldiers died because of his wars.
4. 3 trillion dollars on a war against a nation that never was a threat to us.
5. The United States was highly respected when Clinton left office. His presidency has managed to turn that around.
6. The highest gas and food prices were seen during his presidency as a result of his wars and handling of the economy.
7. The handling of the aftermath of Hurricane Katrina’s shameful – something even developing countries could have handled it better.
8. We are at the turn of the worst financial crisis in history – you ain’t seen nothing yet. He’s bailing out the corporations which took dumb risks and failed – by throwing taxpayer money to them denying the country much needed capital to invest in everything from schools, bridges in Minnesota, to new efficient factories.

Bailouts Increase to $2 Trillion, Recipients Will Remain Secret

The Federal Reserve has also given out about $2 trillion in loans of emergency loans from American taxpayers for the worthless “toxic assets”. However, they are refusing to comply with their promises of transparency that they made just over a month ago and will not give out the names of the recipients. What a scam.

Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn’t require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.

Click here for the story.

Taxpayers are being taken for fools by this government. I hear nothing from Obama – this is the time when he should be protesting not remaining silent. I would hope he does not condone this sort of corruption but his silence is very loud. If he remains silent – this will go on. Oppression can only survive through silence.

Also giant insurance AIG posted another huge loss so their bailout will double now to $150 billion.

GM Seeks Bailout at Taxpayer Expense

The US government has been taking our taxes and bailing out banks and other corporations – now the Automobile Industry also wants a bailout and the are making threats:

Check out this news story from Bloomberg:

GM Says It May Run Out of Operating Cash This Year.

General Motors Corp., seeking federal aid to avoid collapse, said it may not have enough cash to keep operating this year and will fall “significantly short” of the amount needed by the end of June unless the auto market improves or it raises more capital.

Some excerpts from the article:

“The message is, `we’ve done all the things we can do, and we need help.’ And if we don’t get help, fill in the blank.”

A bankruptcy filing “would be a disaster far beyond General Motors and a sad chapter in American history,” Wagoner, 55, said in a Bloomberg Television interview. GM said on Oct. 24 that bankruptcy “is not an option.”

A U.S. rescue package for GM, Ford and Chrysler is likely before President George W. Bush leaves office in January, said Dennis Virag, president of Automotive Consulting Group in Ann Arbor.

“Either the federal government provides money for a bailout and lets the industry retool, restructure, and move ahead, or the industry dies,” Virag told Bloomberg Television.

They want money from the taxpayers for bailing out their companies – when did they share their profits with the taxpayers?

I guess now that we are turning Socialists, our government will bail them out. Socialize the losses while privatizing the profits.