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Just In - Total now for the Great Taxpayer Robbery of 2009 - $12.8 TRILLION


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Excerpt: Your great grandkids will be paying for this. But hey we won the War on Terror! Iraqis have freedoms. USA! USA! r Financial Rescue Approaches GDP as U.S. Pledges $12.8 Trillion - Bloomberg.com March 31 (Bloomberg) -- The U.S. government and the Federal Reserve have spent, lent or guaranteed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.

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  1. #1
    Da Pope Razorguns's Avatar
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    Exclamation Just In - Total now for the Great Taxpayer Robbery of 2009 - $12.8 TRILLION

    Your great grandkids will be paying for this. But hey we won the War on Terror! Iraqis have freedoms. USA! USA!

    r

    Financial Rescue Approaches GDP as U.S. Pledges $12.8 Trillion - Bloomberg.com

    March 31 (Bloomberg) -- The U.S. government and the Federal Reserve have spent, lent or guaranteed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.

  2. #2
    Da Pope Razorguns's Avatar
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    Re: Just In - Total now for the Great Taxpayer Robbery of 2009 - $12.8 TRILLION

    Your bill just came in my taxpayer friends. (Blaque people, expecting King Obama to improve your lives, feel pretty stupid now don't cha? Look at all those blaque community organizations and colleges listed below!! Rosa Parks and MLK would be proud!!)


    Total $12,798.14 $4,169.71
    -----------------------------------------------------------
    Federal Reserve Total $7,765.64 $1,678.71
    Primary Credit Discount $110.74 $61.31
    Secondary Credit $0.19 $1.00
    Primary dealer and others $147.00 $20.18
    ABCP Liquidity $152.11 $6.85
    AIG Credit $60.00 $43.19
    Net Portfolio CP Funding $1,800.00 $241.31
    Maiden Lane (Bear Stearns) $29.50 $28.82
    Maiden Lane II (AIG) $22.50 $18.54
    Maiden Lane III (AIG) $30.00 $24.04
    Term Securities Lending $250.00 $88.55
    Term Auction Facility $900.00 $468.59
    Securities lending overnight $10.00 $4.41
    Term Asset-Backed Loan Facility $900.00 $4.71
    Currency Swaps/Other Assets $606.00 $377.87
    MMIFF $540.00 $0.00
    GSE Debt Purchases $600.00 $50.39
    GSE Mortgage-Backed Securities $1,000.00 $236.16
    Citigroup Bailout Fed Portion $220.40 $0.00
    Bank of America Bailout $87.20 $0.00
    Commitment to Buy Treasuries $300.00 $7.50
    -----------------------------------------------------------
    FDIC Total $2,038.50 $357.50
    Public-Private Investment* $500.00 0.00
    FDIC Liquidity Guarantees $1,400.00 $316.50
    GE $126.00 $41.00
    Citigroup Bailout FDIC $10.00 $0.00
    Bank of America Bailout FDIC $2.50 $0.00
    -----------------------------------------------------------
    Treasury Total $2,694.00 $1,833.50
    TARP $700.00 $599.50
    Tax Break for Banks $29.00 $29.00
    Stimulus Package (Bush) $168.00 $168.00
    Stimulus II (Obama) $787.00 $787.00
    Treasury Exchange Stabilization $50.00 $50.00
    Student Loan Purchases $60.00 $0.00
    Support for Fannie/Freddie $400.00 $200.00
    Line of Credit for FDIC* $500.00 $0.00
    -----------------------------------------------------------
    HUD Total $300.00 $300.00
    Hope for Homeowners FHA $300.00 $300.00

    r

  3. #3
    CEO of Project Mayhem needtogetarmy's Avatar
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    Re: Just In - Total now for the Great Taxpayer Robbery of 2009 - $12.8 TRILLION

    Obama supporters still love him. They would vote for him even if he destroyed all wealth in the USA. There was a lady on the radio who said "Who cares if we are poor, Obama is president and things are better." Great logic.

    Stupidity deserves to be punished. I hope Obama gets reelected and all of his legislation gets passed.

  4. #4
    Banned redsamurai's Avatar
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    Re: Just In - Total now for the Great Taxpayer Robbery of 2009 - $12.8 TRILLION

    So what would you guys have suggested? Just letting the markets collapse and restabilize? I'm not saying outright that would have been a "bad" idea.....there is some merit to it. But I don't really think either of you really has any conception of the social upheavals that would have ensued. We still might go down that road, who knows..........but without the govt. doing anything at all, we'd be starting to see some shit right about now. Alot of the country would have reverted back to some 3rd world shit. Just conceptualize if the food chain stalls out overnight, like some of this big financial entities that basically went from "all is well" to collapse within 48 hours. If the country's food burden were to be suddenly shifted to local produce virtually overnight........I mean, just think about it. And there are more examples than that. Now whether Obama is handing the right people money or he's just supporting the old guard.....that is a question that I am definitely interested in and want it to be fleshed out within the next 4 years.

  5. #5
    <^> ( ' ' ) <^> FriendlyCanadian's Avatar
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    Re: Just In - Total now for the Great Taxpayer Robbery of 2009 - $12.8 TRILLION

    I love how anyone could even think for a second that obama is making america poorer..

    there was a retard as president for 8 years who fucked up the entire world, he's just trying to do the best he can to salvage a shit hole of a situation.

  6. #6
    <^> ( ' ' ) <^> FriendlyCanadian's Avatar
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    Re: Just In - Total now for the Great Taxpayer Robbery of 2009 - $12.8 TRILLION

    like fuck how much did that war in Iraq cost? or is still costing..

  7. #7
    Da Pope jnevin's Avatar
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    Re: Just In - Total now for the Great Taxpayer Robbery of 2009 - $12.8 TRILLION

    Quote Quote posted by FriendlyCanadian View Post
    like fuck how much did that war in Iraq cost? or is still costing..
    Well, the article didn't cover the timeline over which the 12.8T was spent, so there's a good chance that's a result of the war and the spending since Obama has taken office.

    Just guessing there...

  8. #8
    Elite Mentor SpyWizard's Avatar
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    Re: Just In - Total now for the Great Taxpayer Robbery of 2009 - $12.8 TRILLION

    wow.. when he said he was going to spread it around.. i thought it was to the people not from the people

  9. #9
    Da Pope Razorguns's Avatar
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    Re: Just In - Total now for the Great Taxpayer Robbery of 2009 - $12.8 TRILLION

    Quote Quote posted by redsamurai View Post
    So what would you guys have suggested? Just letting the markets collapse and restabilize? I'm not saying outright that would have been a "bad" idea.....there is some merit to it. But I don't really think either of you really has any conception of the social upheavals that would have ensued. We still might go down that road, who knows..........but without the govt. doing anything at all, we'd be starting to see some shit right about now. Alot of the country would have reverted back to some 3rd world shit. Just conceptualize if the food chain stalls out overnight, like some of this big financial entities that basically went from "all is well" to collapse within 48 hours. If the country's food burden were to be suddenly shifted to local produce virtually overnight........I mean, just think about it. And there are more examples than that. Now whether Obama is handing the right people money or he's just supporting the old guard.....that is a question that I am definitely interested in and want it to be fleshed out within the next 4 years.

    FriendlyCanadian: The other moron didn't spend $2 TRILLION A MONTH of your tax dollars. Can you say TRILLION.

    RedSamurai: I don't have much time here, but yes, if he had balls he would let banks crash. They created the crisis, and a quick but brutal correction would've fixed things.

    Banks would fall, new banks with new investors would take over and grab customers. Razorguns Bank of LA would capitalize on this, and encourage people to walk away from their scam mortgages, would give them REAL mortgages based on REAL income. People go back living in houses they can afford. There was no Govt Bailout of the dot-com crash, and things went fine.

    When the government screws with the natural order of business, it encourages the VERY SAME PEOPLE who screwed up the economy to REMAIN IN POWER. With even MORE money.

    Let's recap:

    1) Banks throw out mortgages, make billions.
    2) Market crashes, scam revealed.
    3) Govt gives trillions to banks, make billions more.
    4) You morons get the bill. The very same people remain in business.

    Note the bold. All King Obama has done, is ensure the depression will be around for MANY YEARS (mark my words) with only foreigners holding treasuries keeping us afloat.

    Think douchebag americans who cry 'omg, a black president, this is the greatest day of my life!' understand basic economics and how govt giving welfare to banks, encouraging incompetence, through freddie fae/mac is NOT a good thing.

    Obama had a once in 100 year chance to destroy the banking monopoloy, let the private sector fix it (where capital automaticaly flows to where it has the highest return) and he didn't. Instead he wrote out a bank check to keep Prince Waleed, CitiGroup and other investors happy. Let's keep private sector debt to the public and give the scamsters even more money!!

    $150M to AIG execs is chicken-feed compared to the looting he's doign. But let idiot Americans learn the hard way when they're living in tents wondering 'wtf? Obama was supposed to save us???'

    btw: $12BN/month in Iraq, while a scam of a war too (approved by a stupid sheep populace), is nothing compared to $2 TRILLION a month. At least the $12BN keeps engineers, factory workers, soldiers and clerks employed in your neighborhoods. How many here live in Greenwhich, CT or Dubai?

    r

  10. #10
    Banned redsamurai's Avatar
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    Re: Just In - Total now for the Great Taxpayer Robbery of 2009 - $12.8 TRILLION

    it's alot of fucking money..........

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