Thursday, June 20th, 2013

Stewards of a Sinking Ship

By Mary Kane
Wednesday, December 30, 2009 at 1:00 pm

The economy continued down its rough road in 2009, with any hope of a quick recovery dashed by a rising wave of foreclosures and unemployment. Banks reined in lending to consumers and businesses while Wall Street firms pulled down record profits and offered generous bonuses. Perhaps the biggest economic disappointment of the year was the inability of the Obama Administration and the lending industry to slow foreclosures. In 2009, an ever-higher number of homeowners lost their houses, found their mortgages in peril after losing their jobs, or wound up owing more on their mortgages than their homes were worth. And the administration’s foreclosure relief program stalled, completing few far loan modifications than projected. By the end of the year, the feeling was that Wall Street had been rescued by the government and was thriving — and that Main Street was left out in the cold. Here are the individuals who most influenced the perception and policy of the economy in 2009.

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11 Comments

Tweets that mention Stewards of a Sinking Ship « The Washington Independent -- Topsy.com
Pingback posted December 30, 2009 @ 2:09 pm

[...] This post was mentioned on Twitter by George Larson II and WashIndependent, TMC Member Feed. TMC Member Feed said: Wash. Independent: Stewards of a Sinking Ship: The American economy was swept up in a rising tide of foreclosures t… http://bit.ly/80MdI4 [...]

pushworlda
Comment posted December 30, 2009 @ 10:51 pm

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2n
Comment posted December 30, 2009 @ 11:31 pm

So what is your view on Sheila Bair the head of the FDIC?

triathlon
Comment posted January 1, 2010 @ 5:42 pm

A BREAK IN THE ACTION

[80F/27C]

Now, we haven’t been blogging for the last few days due to the Holiday Season, She Who Must Be Obeyed has a great fondness for this time of year and we look forward to it with dread living in America’s Friendliest City, within American’s Finest County, in the France of The North American Continent, with the sun shinning brightly, with all the widows open as the temperature is [80F/27C] eighty Fahrenheit/Twenty-Seven Celsius, well decoration go on the outside as well as the inside and while some watch sports games others are busy at work taking down those decorations and packing them until that dreaded day when once again out they come.

[Adjourning of Congress]

The most assuring new of the past couple of weeks was the adjourning of Congress. That wasn’t the only news; that was an achievement. [In {2010}/ The Imperial Media Messiah President is in Hawaii, Nancy Pelosi, and Harry Reid are not too be found in Washington, D. C. along with the rest of the Imperial Court, and if they were to stay gone until {2012} it would give the taxpayer a rest], It looked for a while there the Boys [ In {2010}/Clinton, Pelosi, Reid all like three day old fish rotting in the sun] were going to be on our hands from now on [ In {2010} it seems like eternity of yet the third Clinton term], They sure did get rid of a batch of dough [In {2010}/ that is an understatement, the most money ever appropriated by any Congress [In {2010}/ Ha! Ha! Ha! The {1931} Congress look like a bunch of tight wads compared to the boys today], not even excepting war times. [In {2010}/ No one born in the {20th} Century even know’s what a peace time budget would even look like, one war of Empire Economic Stimulus, Resources and Markets, Blood for Oil, we even make movies about is AVITAR] All we have to do is make it for ‘em and they sure do distribute it. {In {2010} Boy ain’t that the truth, it is as Joe Black said some things never change Death and Taxes]. [Will Roger, March 15, 1931/ With Comments by Hercule Triathlon Savinien {2010}].

[Compensation-Wisdom and Wind]

I [Will Rodger’s] told you not to be too optimistic about the Senate resigning, [In {2010}/ the entire government]. They Filibustered all last night. [In {2010}/ they just won’t grand time to finish a long winded sentence], We pay for wisdom and we get wind, [In {2010}/ it’s a matter of if we are paying for competent government were getting robbed, if were paying for incompetent government well were not paying near enough, and forget about Wisdom, all we got was the dumb]. [Will Roger, May 29, 1931/ With Comments by Hercule Triathlon Savinien {2010}]. Well it’s the first day, of the first week, of the first month of what is looking to be the last of mankind, we are not optimistic about any other out come at all, the Mayan Calendar is due to run out at [2012], the end of the American-Israel Empire is a certainty by [2020] and numerous people and books thru the ages of mankind seem to be pointing to this decade as the end of history, we are not a Medium, and can’t see into nor would be want to see into the future, but you can’t have governments adopting policies of pre-emptive Nuclear Strikes as justified when its just replacing diplomacy and the governments duties to a final Nuclear Option solution, the computer may not want to play Tit-Tac-Toe, or Chess, before finishing its WAR GAME.

HERCULE TRIATHLON SAVINIEN

triathlon
Comment posted January 10, 2010 @ 10:00 pm

FIRST PRE-IMPETUS COMFAB MEETING

[1st Impetus Meetings]

[EU in 21ST Century]

German representative over the next [3] Three week will be involved in meeting with member states of the [EU] European Union, and [NATO] the North Atlantic Treaty Organization, [1st] Tuesday, 12th, Jan., in Abu Dhabi, a [2nd] meeting the scheduled the following week, and the [3rd] and most important what is called a Town Hall Meeting in Cologne, on Jan. 25th, just [3] Three days prior to the London meeting, in Cologne, Germany. The first Impetus meeting is to be held on [Dec.11th, 2009],i Berlin, the meetings the called the Afghanistan Rounds, but should be called the Future of the [EU] European Union, with the [1st] The [EU] Economy in the [21st] Century, with others too be held running right up to the [Confab] meeting to be held in The American-Israeli, State of England, the City of London, on [Jan. 28th,2010].

[The ASEAN & BRIC Economic Powerhouses]

THE ASEAN ASSOCIATION: At present the [16] Sixteen nations forming the [ASEAN] Association, the member’s of which include the powerhouse nations of; Japan, China, Australia, South Korea, New Zealand, and India, are at work developing a currency trading bloc within the Asian Sphere of Chinese Influence, as the Euro represents the nations of the [EU] European nations linking the [ASEAN] Association of Southeast Asian Nations, countries, creating a single trading currency by [2020] the generally accepted end of the American-Israeli Empire.

THE BRIC: The [BRIC] Sphere of Influences, Brazil, The Russian Federation, India, and The Peoples Republic of China, with their own Economic Power structure. Are engaging in the cornering of strategically importance raw materials, recourses, companies, building reactors, nuclear plants, refineries, pipelines gas power stations cutting deals left and right all over the world, with the average value of each deal growing by leaps and bounds; (Nigaz) an amalgamation of “Nigeria” and “Gazprom”, pronounced “nye-gaz”, (GECF) Gas Exporting Countries Forum the (11) Eleven biggest gas-rich producing states in the world Algeria, Bolivia, Brunei, Egypt, Indonesia, Iran, Libya, Malaysia, Nigeria, Qatar, The Russian Federation, Trinidad and Tobago, the United Arab Emirates and Venezuela (PDVSA) State owned oil company Orinoco River oil venture,(OPEC) Organization of the Petroleum Exporting Countries.

[EU in the Vortex]

The overlap the connections of the two Economic Powerhouse’s is clearly seen with China and India represented within both structures, and what is even more clearly show is how few of those countries within either structure are currently involved in the Empires Wars in the [21st] Century of Economic Stimulus of Markets and Resources, Blood for Oil. What should also be noticed is that two of the most powerful economic engines of the [20th] Century have united The Peoples Republic of China and Japan, with their economies not being held captive to funding yet another century of Economic Wars, but of Economic Growth. Germany To quote The Economist magazine, At times like these people turn to Germany, the biggest and most creditworthy economy in Europe. That statement could not better reflect the general trend in Europe. Throughout (EU’s) European Union’s, short history, Germany’s economic welfare has indicated the European economy as a whole fairly well. Well, the economic welfare of the European economy if Germany is the bell weather indicator is being pulled down in the vortex of the sinking American-Israeli Empire. Germany and the [EU] European Union have not even shown up for the match, leaving the pitch open to the nations of the [BRIC/ASEAN] ASSOCIATION.

HERCULE TRIATHLON SAVINIEN

clarence swinney
Comment posted February 11, 2010 @ 12:56 pm

rape of our middle class
EMPIRE DESTRUCTION

1980 to 2007

20 YEARS OF 3 CONSERVATIVE PRESIDENTS
18 years Conservative Senate
12 years Conservative House
6 years Total Conservative Control

Redistribution of Wealth to top 20%.

Folk! It is downhill slide for Middle Class.

FACTS—numbers rounded-

1946–1% owned 30% of Total Wealth

1980—20%–a 33% decline due to Estate Tax and High Top Income Tax Rate.

thence cometh conservatism

1989-36%

80% Increase in 8 years of Reaganism

1993-47%

2007–20% owned 93% of Total non home Financial Wealth

80% owned equity in homes.

Most major corporations are owned by WALL STREET RICH MEN CASINO

In 1945, corporations paid 35.4% of federal revenues and 7.4% in 2003

In 2000, 45% of corporations with revenue over 50 million paid no federal tax

Five Wall Street Banks control 75% of all Bank Deposits in America. 5.

Two control 20%.

Think that is not POWER???

FACT CHECK

In 8 years of Bush with 6 years of Total Control

They (wall street rich) created a Net New Jobs of 31,000(19.000?) per month.

Why? That is NET. You take the new jobs created and subtract the ones sent to China, etc

31,000! Wow! 19,000?

Bush took over after Clinton had created 237,000 Net New Jobs per month.
Reagan took Carter 218,000 net new jobs down to 175,000 per month.

Clinton left Bush a spending of 1830 B Per Year.

Bush doubled it to 3600 B.

Bush inherited a 5700B Debt from Clinton. He took it to 11,500B

20 years of 3 conservative presidents did this horrible thing.

Took the Debt of less than 1000B after 200 years and added on 8000B.

In 2009 they are spinning big time to blame Obama for huge debt.

Conservatives will spend millions to coverup their Big Recession.

Much of that 8000B Debt add-on went to WALL STREET GAMBLERS.

The people do not know what has happened to them.
Shhh! Do not awaken sleeping Democrats.

Forbes list of 400 Richest reveals how many became Billionaires via corporate
takeovers and Hedge Gambling

Right Wingers yell— Rich Pay most of taxes.

Income Taxes!Yes! They have most of the income.
From 1997 to 2001 the rich 1% took 24% of total national individual income growth

Yet! Conservatives transferred much of taxation from Rich to Middle Class. Reagan elimination of REVENUE SHARING a disaster for Middle Class where taxes were transferred from Rich Income taxes to Middle Class in State and Local Taxes.

Was it a Designed Act of taxation transfer by Conservatives.

In 2008 the Middle Class paid 30% of nominal Income in Federal-State-Local Taxes.
Top 10% paid 30% also. Progressive tax system?

Social Security Tax Increase in 1983 was it designed to hit the Middle Class and ease on the rich?

Greenspan + Reagan. 6.2% Tax on Middle Class. One earns $50,000 pays 6.2%. Earns $1,000,00 pays 6.4%. Earns $10,000,000 pays 1/10th of 1%. By design to keep rich rich?

Was Destruction of S&Ls a deliberate act of wealth transfer from 400 local investors to individual Rich on Wall Street?

Key actor Michael Milken became a Multiple Billionaire with income of 550 Million in one year from raiding S&L deposits (plus) for his Rich Corporate Raiders on Wall Street.

Raiders like Perelman and Ichan became multiple Billionaires.
Sweat of Brow? Ho Ho.

Bush I had to borrow 140 Billion on 40 year bonds to pay for the raids on S&L's by Wall Streeters.
140B creates many Billionaires and Millionaires. Depositors money was used by those Corporate Raiders and bankrupted the S&L then the government pay off to depositors by Federal Deposit Insurance created Debt for Middle Class.

The Tax Panel estimates that in 2010 the top 1 million with incomes exceeding $500,000 will earn 241 Billion more than 80 Million who will earn under $40,000. Christ, where art thou.

RAPE OF MIDDLE CLASS 1980-2007

Same ideology gave us Great Depression now Great Recession.

It is not a Depression due to:

Democratic Social Safety Nets such as
Social Security and Medicare and Unemployment tinsurance

Only the uninformed vote to send conservatives to Washington.

Some type of Revolt will take place in next decade.

Democrats will continue to allow Conservatives with their huge right wing talk shows spreading lies to blame them.

Democrats need a national Megaphone informing all the people as to what has been done and how they have been RAPED by a few million RICH on Wall Street who have taken their Wealth.

I ask one thing.

PROVE ME WRONG. With numbers and facts not usual vile name callin
author-Lifeaholic-Workaholic to Lifeaholic success
author-unpublished
All American Party-How Democrats created a great successful Middle Class and how Conservatives are determined to destroy it

clarence swinney
Comment posted February 11, 2010 @ 5:56 pm