Tag Archives: wealth redistribution

Look Who’s Jet-Setting on the Taxpayer Dime This Week

While many Americans are cutting back on household budgets to put $4.00 a gallon gasoline in their vehicles to get back and forth to work, a couple of Obama-appointed government employees have been caught jet-setting to Paris and Tokyo recently. Just like Obama claiming that his current taxpayer-funded reelection campaign blitz and fundraisers are “policy speeches,” when the news about these lavish jet-setters taxpayer-funded trips to Tokyo and Paris reaches the American public, they can expect numerous phony excuses as to why they are supposedly on “official business.”  Rob Bluey, of Hot Air.com outed these two taxpayer-abusing, elitist jet-setters as follows:

While many Americans were filling up their tanks with $4 gasoline this week, Energy Secretary Steven Chu was enjoying Major League Baseball’s opening game on a taxpayer-funded trip to Tokyo. Taxpayers were also footing the bill for Environmental Protection Agency Administrator Lisa Jackson to spend a few days in Paris.

Chu was outed by The Washington Gaurdian’s John Soloman when he discovered a picture sent by Energy Secretary Steven Chu’s official taxpayer-funded twitter account of a baseball game in Tokyo Japan. Meanwhile, Lisa Jackson, she of this EPA-fame, was in Paris France, to “meet with environmental leaders from more than 40 nations to discuss the Agency’s international efforts on urban sustainability.”  Global government, when coupled with so-called urban sustainability and climate change fear-mongering propaganda, are basic anti-capitalistic stealth forms of Socialism, which is dependent on the Marxist principles of wealth redistribution through the overthrowing of established governments to enact social justice fraud.

Lisa Jackson, the lifelong global warming political activist fits right in with the urban sustainability pimps of Europe, which by the way, is in the middle of the worst economic crisis in modern history. All of these anti-capitalist mandates coming out of these types of U/N European Socialistic programs are dependent on one thing for survival: The blatant theft of American wealth to be “redistributed” to the less productive societies of the world through dishonest fear-mongering from globalists and environmental terrorists posing as green-earth saviors. Thus the Obama administration uses taxpayer dollars to fund Jackson’s lavish Paris gig… to further undermine American sovereignty and take away her freedom that has made American freedom the envy of the world for centuries.

Do Americans really want four more years of watching Obama-appointees fly around the world to promote the injection of these types of freedom-robbing European Socialism here in America?  When Americans go to the polls in November they have a simple choice: Either vote for American freedom and prosperity through voting for proven conservative politicians, or vote for Obama and the Democrat’s poverty-inducing European Socialism-style insolvency.  The choice is that simple.

 

 

Obama’s Marxist 2012 Reelection Campaign

Barack Obama’s 2012 taxpayer-funded reelection campaign contains many elements, including massive doses of class warfare and racially-divisive rhetoric, (think, ” If I had a son he’d look just like Trayvon”) massive misinformation about the viability of taxpayer-funded green energy programs, the always-loved-by-the-far-left-radicals hate-speech directed at anyone in America who is successful (think taxing anyone making over $250k) with that last aspect also including the misinformation-laden Obama 2012 war on big oil companies. Barack Obama’s current 2012 reelection campaign rhetoric shows America a man who must attempt to distract American voters from looking at his dismal record during his historic failure of a first [and only] term as president of the United States of America.

What most Americans do not seem to be able to grasp today is the fact that Obama’s current campaign rhetoric follows very closely with another centuries-old form of using misinformation to nudge public perceptions campaign, that of one Karl Marx, the founder of what has now known worldwide as Marxism.

Marxism, according to Bing Dictionary is defined as: a: the political and economic theories of Karl Marx and Friedrich Engels, in which class struggle is a central element in the analysis of social change in Western societies, and b:  political ideology based on the theories of Karl Marx and Friedrich Engels. (emphasis added)

There it is, Obama2012 defined in one simple sentence: Class struggle being promoted as a main element in a drive to effect social change. This also goes hand in glove with Obama’s Hope and Change campaign of 2008, where he promised to “fundamentally transform America” and where he told Joe the plumber that we must “spread the wealth around.”

 In yet another taxpayer-funded campaign speech last week, Obama continued his call for Karl Marx-inspired wealth redistribution in his continuing war on big oil companies, as Larry Kudlow explains:

“Once again this week, the president was out on the campaign trail bashing and oil and gas companies. And he continued to spread major falsehoods about this industry, which I guess is the polite way to put it.

 Obama is obsessed with oil and gas. He is a prisoner of the left-wing environmental groups. And really, he’s extending his leftist class-warfare attack from rich people to successful oil and gas producers.”
“What seems to have Obama especially steamed is the fact that the conventional-energy companies are profitable. Especially the five largest. So he wants to tax them. He then wants to redistribute their income to his favorite green-energy firms. Sound familiar? I don’t know which is more important to the president — the fact that he hates fossil fuel, or the fact that he hates success. Or that he wants an energy-entitlement state.” (emphasis added)
Enabled by the media-misfits of today, Barack Obama is being given a pass by political operatives posing as reporters on Obama’s obvious implementation of Marxist policies to transform America. Anyone who points out the definition of Marxism, and it’s obvious direct correlation of Barack Obama’s ideology in policy-making being based on the teachings of Karl Marx as a way to fundamentally transform a nation… are immediately labeled  as a right-wing extremist or other nasty Left-wing catch-phrases dug up from third grade name-calling contests.
Karl Marx is quoted from The Communist Manifesto he authored, as stating,  “The Communists disdain to conceal their views and aims. They openly declare that their ends can be attained only by the forcible overthrow of all existing social conditions. Let the ruling classes tremble at a communist revolution. The proletarians have nothing to lose but their chains. They have a world to win. Working Men of All Countries, Unite!”  This last sentence  has been used frequently by Obama-Union-Operative Andy Stern, the head of SEIU and President Barack Obama’s most frequent White House guest, as stated during a discussion about his planned globalization of SEIU. In case our readers are not familar with just who Andy Stern truly is, along with his Obama connections and Marxist ideology, read this.
In summary, Barack Obama’s proven Marxist ideology has been evident for anyone actually interesting in vetting this man as a candidate for U.S. President during the 2008 presidential elections. That simply did not happen, by design. The media has steadfastly chosen to ignore these facts and still does today to the detriment of America. In the immortal words of the truth-telling Andrew Breitbart, may God rest his soul, “we fully intend to vet Barack Obama in the 2012 elections.” Barack Obama is a Marxist bent on transforming America by destroying her capitalistic system and free markets, empowering a statist central government over it’s people, while taking from one class of citizens to redistribute it to another to buy votes and power. This is right out in the open for all to see in one aspect or another, in every taxpayer-funded speech Obama gives today. All you have to do is listen for it.
The revolution made progress, not by its immediate tragicomic achievements but by the creation of a powerful, united counter-revolution, an opponent in combat with whom the party of overthrow ripened into a really revolutionary party.”  Karl Marx- 1850 from Class Struggle in France .

 

U.S. Banks Being Taken Over Using Chavez-Style Manipulation

These bankers should be shown for what they really are to the public: vulgar robbers, thieves in ties, pickpockets and obstinate kleptomaniacs:”  Hugo Chavez

President Chavez created new national laws not unlike the U.S. Dodd-Frank supposed financial reform law that Barack Obama signed on July21, 2010. ( along with the supposed food safety law, and Obama-care that completes the tri-fecta of taking over banks, food companies and producers, and the complete U.S. health-care system)

The Chavez’ method of operation in stealing the total private sector wealth of private sector companies and taking over their total economy was done quickly and right out in the open, whereas Barack Obama’s plans have been quietly designed and signed into law beneath the radar of the public and many under-qualified members of Congress, who either do not see the stealth takeover of the private sector by the U.S.  government, or are choosing to turn their backs on the very people who elected them into power by remaining silent. Make no mistake here, the Obama and Chavez  doctrines run  extremely parallel and are rooted in the Marxist ideology of  Socialist wealth redistribution by a plutocracy that in the end ends up in an all-powerful Communist collective. First, let’s look at what Mr. Chavez has done in Venezuela.

Karl Marx

Chavez’s government well knows ( in his own mind) that the dollar-blinded rich in Venezuela must be defeated politically. A democratic economy is essential, and as private ownership fails to meet the needs of the masses, the state is taking over and formulating alternative ways of managing production and distribution. The pricing system is being moderated and social priorities are replacing market manipulation. As the global banking crisis and its scandals grew, the Venezuelan government ensured effective regulation at home. Several small private banks were taken over following revelations of bank fraud. (No fair trial, no evidence needed, just revelations) In November the main shareholder of a group of four banks, Grupo Financiero Bolivar, Ricardo Fernandez, known as a Chavez supporter, was arrested. Two of the banks were nationalised, and two were closed. The Institute in Defence of People’s Access to Goods and Services took control of four food companies owned by Ricardo Fernandez, to make sure there were no supply disruptions. Subsequently, a further three banks were nationalised and, on 11 December, Venezuela’s Superintendency of Banks closed an eighth.

Chavez declared on 10 December. “I have ordered the takeover of tuna, fish, corn processing and rice companies, as well as [the bankers’] estates and cattle this will become wealth for the people’. He added: ‘We are confronting these problems in a coordinated manner with the whole state, and we are taking over companies that were forming a kind of network …We cannot wait until tomorrow. At the first sign, [we take] immediate action and inexorably apply the established laws and procedures.”  (Just like Liberal fake democrats in the U.S. created a slew of laws with no allowed input from Republicans or we the people, Chavez and company drew up and instituted their own laws)

The Venezuelan media takeover has played a central part in Chavez’ plans:  In this battle the media is central, and on 23 January RCTV and five other cable channels were temporarily taken off the air for breaking transmission laws requiring them to televise government announcements. On 14 January the state expropriated the sugar mills ‘Casta’, in the state of Tachira and the ‘La Batalla’ agricultural mill in the state of Barinas, to turn them into social property. All of this was accomplished when Hugo Chavez was given permission to rule by decree, without any input from the National Assembly:  Venezuelan lawmakers loyal to President Hugo Chavez Wednesday approved a measure granting the U.S.-baiting left-wing leader authority to rule by decree  for the next 18 months.  Informed Americans have now come to realize that Obama and company now effectively control the mainstream media, as shown by their refusal to report on Obama’s questionable past, radical associations, and college Marxist ideology such as is thoroughly documented right here.  Now we shall look into what is going on in our banking sector, as we already have been made aware of the complete takeover of our healthcare system, 2 major auto companies, the government intervention into our agriculture sector enabled by the Food Safety Bill, all done in very much the same way Hugo Chavez has done in Venezuela, as shown above.

Signing of Dodd-Frank Bill enables Leftists and Obama Crony-Capitalists to take control of U.S. banks

          The FDIC closed 157 banks in 2010 and the current total for 2011 now stands at 90. 

During trips to several small towns in our area during the past two years, my family has always ended up discussing the possible reasons as to why all of the banks now have new names. The only bank still under it’s original name is the Bank of America, along with two credit unions. Why is this? If a bank is closed, how is it that it reopens almost immediately under a new name, and just why is this happening at an alarmingly increasing rate today? I recently discovered the answers to those questions, and several other questions others may have concerning the massive numbers of bank closings since 2009, and it is pretty unsettling, to say the least. 

            How is the takeover of hundreds of U.S. Banks being engineered today?

In order to close a bank down, surely there must be strict laws in place to provide security against fraud to protect depositors, taxpayers who have to foot the bill under bank foreclosures under FDIC guidelines, and their investors right? Well it turns out there were protections put into place.. until the passage of the Dodd-Frank financial reform act came along and changed the rules. First in March of 2009, the federal government starting stress testing the largest banks in the U.S. (note that this was immediately started in Obama’s first year in office) Please see The Case for Stress-Testing Community Banks*. Since this was actually the start of this method of evaluating banks, and then authorizing the FDIC to close them down, it is important to understand the role of  SCAP,  for Supervisory Capital Assessment Program and the subsequent evolution of the Dodd-Frank bill that now allows the federal reserve and the U. S. government to shut down any FDIC insured bank in America at any time. (Just like Chavez did, with zero input from elected officials)

The SCAP was launched in March 2009 to stress the capital of the 19 largest banks. This was a supervisory exercise to determine the capital buffers sufficient to withstand losses and sustain lending in institutions the U.S. Government deemed “systemically significant,” or “too big to fail.” While it was unlikely the rest of the banking industry would tolerate a system‐wide stress test, Federal policy was essentially leaving the rest of the industry to market forces and the normal FDIC resolution process. ( but not for long as we shall see next)

The stress test focused on the level and composition of capital for two years into the future. The test was conducted under two macroeconomic scenarios for two years forward:

o Baseline scenario based on consensus expectations as of February 2009; and

o More adverse scenario assuming a deeper and longer‐term downturn

(Ironically, this “more adverse” scenario was very close to what the U.S. Experienced).

The original SCAP program set the stage for Dodd-Frank regulations that would allow these “stress tests”, ( that actually had no proven benefit what so ever) to be injected into financial law. This marked a turning point on the thinking and attitude of the SCAP and the role stress testing could play in the banking industry.

 

Dodd‐Frank Act

The value of stress testing was cemented as Congress crafted regulatory reform. To ensure stress

testing became part of the fabric of bank supervision, Congress memorialized it in the following ways:

1. Federal Reserve to provide at least three different sets of conditions for firms to stress test

against;

2. Federal Reserve to do annual stress tests on bank holding companies over 50 billion in assets

and non‐bank financial firms under Federal Reserve supervision;

3. Above firms required to do their own semi‐annual stress test; and

4. All other banks with assets greater than 10 billion required to do annual stress test.

While the legislation establishes bright lines for the size of institutions which are required to perform stress testing, the entire financial services industry should be prepared for increased expectations as financial regulators become accustomed to seeing stress testing as part of the risk management framework and an important part of the supervisory process. Increasingly, bank management will find it difficult to demonstrate sufficient risk management processes without incorporating an element of stress testing.

Take note: Community Bank Performance 2009 & 2010

The pace of bank failures increased significantly in 2009, with 140 institutions being closed. As of October 1, 2010, 129 banks have closed in 2010. That has increased to a total of 247 bank closures during 2010, and 2011. As we see billions of dollars in losses putting a huge strain on the FDIC insurance fund, just who ends up taking over these ‘closed banks’ that end up reopened almost the very same day/week that they were shut down? End Part1   In Part 2, we see just who is taking over these FIDC mandated shuttered banks, who is left paying the bill for their past debt, and just who is raking in billions of dollars from these big government manipulated bank closures.

 

 

 

 

Lets Give the Liberals the Tax Hikes They Demand: Thanksgiving Edition

As the sweet aroma of Mom’s pumpkin pie fills the home this Thanksgiving morning, and with the turkey all set to go into the oven, I decided to take the time out to give thanks to Rich Mitchell and the CDN staff for giving me the platform to share my conservative news and opinion articles today. The following is my contribution to the CDN mission by producing some out-of-the-box ideas on the most important issue facing Americans in the coming year: How to reduce our massive national debt, and how to unlock the current Congressional stalemate by giving the Democrats the tax hikes they so fiercely demand. Happy Thanksgiving from all of us here at CDN. Enjoy your day. 

It is once again time to call the Liberal Democrat’s bluff. Let’s give them the tax increases they so heartily demand, but on their own stated ideological terms. Liberals have certain planks in their ideology that must be used in the tax increase debate up in Congress. This proposed tax increase leglislation has to include such lovely-sounding Liberal catch-phrases of wealth redistribution, social justice, equal justice, and President Obama’s personal favorite, community service. (while keeping in mind the Democrat’s past history of reneging on promised cuts in federal spending.)

Let’s start out by taking Wolf Blitzer’s often-asked question of whether GOP Presidential candidates would accept a 10 to 1 ratio of budget cuts to tax increase dollars. The GOP must call the Liberal media’s bluff and accept that scenario… in an intelligent, yet very simple way. Draw up the bill in the House of Representatives immediately that says yes, the GOP will accept $10 dollars in budget cuts for every single dollar in increases taxes. That is straight forward and simple enough, even for the mathematically challenged Democrats and President Obama to understand.  Now that we have agreed to Wolf Blitzer’s leftist-parroted demands for those tax increases during the current recession, let’s take it one step further in appeasing the Liberals. Let’s add the Liberal/OWS ideological planks of equal justice, social justice, wealth redistribution and community service into the new tax increase bill shall we? 

Introducing HR-2011-The Liberal Tax Increase Bill of 2011- (NOT an actual bill in congress)

Bill Sponsored by DJ Redman  No Co-sponsors to date.

Section 1-A: Equal Justice for all in the form of tax increases. 

Equal justice means just what the title says. Equal treatment for all Americans, regardless of race, national origin, income status, or political affiliation. Therefore, in keeping with the Liberal ideology of “equal justice for all” the tax increases will be applied to every adult of working age in America.( whether they actually work or not) Section 1-A of the Liberal tax increase bill of 2011,may also be referred to as, “Equal justice in paying your fair share in America.” In this section there will be a means tested chart for how much new taxes will be levied on every person in the USA, illegals included, regardless of private sector income. Welfare checks, rent subsidies, WIC coupons, utility bill payments, food stamps and every other hidden government pay- for- not- working entitlement program will be taxed before checks/payments will be sent out. Equal justice, as in everyone paying their fair share as outlined in this section should really have the support of every debt-spending Liberal in Congress, hands down. If the workers of America have to pay more taxes on their hard-earned wealth, making the non-workers pay taxes on their government handouts should also make the Unions quite happy. Millionaire Union Chiefs could say they are working hard to protect the workers in America by supporting tax increases on the freeloaders and non-producers of our society who unfairly burden their working class Union members. This section will do wonders for the entitlement class in America as they will be able to now stand up and be counted as actual taxpayers, instead of a 100% parasitic drain on society. 

Section 1-B of the Liberal Tax Increase Bill of 2011 will include several measures of the Liberals beloved “Social Justice” plank.  

Section 1-B will include mandatory work for welfare reforms built upon the 1994 GOP Welfare reform plan that reduced the number of people on welfare by 50% by the year 1998. Social justice demands that the welfare class do their part in society to reduce our national debt and rebuild America. Work for welfare will also have the added benefit of restoring some self-respect into the welfare class, so that when they scurry to their mailbox for their government entitlement ”paychecks” as they like to call them, they will have the added pleasure of knowing that they have actually earned that money. Social Justice will be well-served in this action, by evening out the class warfare of today that is being caused by 50% of the population demanding that the working class support them. True Social Justice demands that the working class be represented equally, not just the racial politics-driven minorities, the poor, or the illegal aliens in America. 

Section 1–C of the Liberal Tax Increase Bill of 2011 will also include a healthy dose of the wealth redistribution that President Obama has pushed his Democrats to achieve for 3 straight years. As in any “Social Justice, and Equal Justice” driven wealth redistributive policies, there has to be fairness across the economic spectrum. This has to start with sections 1-A and 1-B, where everyone not only shares in the wealth created by the citizenry, but also must include the sharing of the debt that the very government they have elected has created. There is no justice of any form inherent in the Liberal ideology of sharing in the wealth while refusing to share in the debt at the same time, period. Every single adult in America will share in our debt, one way or the other. This is a true form of Social Justice, so it should receive 100% Democratic support. In order to not infuriate the welfare class, we will use a long standing Democratic budgetary trick in not calling it a welfare tax. Let’s instead label it “Processing Fees to Improve America” on all unearned entitlement check stubs. That way, Democrats can stand up in Congress and tell their voting base that they did not, in fact raise taxes on them. (wink) Section 1-C simply states that every adult in America will now share in our national debt, not just the working class and job-creating business class. 

Section 2 of the Liberal Tax Increase Bill of 2011 will contain  penalties  provisions that simply states that any elected official found to be in violation of the 10 to 1 budget cuts to tax increases ratio in this bill, (as Democrats did when they increased spending by $480 billion after promising President Reagan $280 billion in cuts) will face an immediate Bernie Madoff-style trial after being suspended from Congress. For every dollar they are found to be increasing in spending instead of cutting, they will forfeit $10 dollars of their personal wealth, most of which they have acquired through illegal insider trading and ripping off the taxpayers to begin with. Every elected official who’s signature is found to be on any spending bill breaking the 10 to 1 budget cuts to tax increases provisions in this bill will share equally in paying off the illegal increased spending. How;s that for “Equal Justice” Congress ? We the people will now be able to hold elected officials responsible for their debt-spending thanks to the Liberal tax Increase bill of 2011. In the case of elected members of Congress found guilty of  increasing spending under this new law, and who can not afford to repay the citizenry the full amount, see section 3.

Section -2-A of the Liberal Tax Increase Bill of 2011 will include a very healthy dose of Barack Obama’s ideological roots that propelled him into politics in the first place: Community service. Any elected official found to be in violation of section 2, and can not repay the citizenry  for the illegal spending increases outlines in this bill will be mandated to perform community service to pay off their debt to society at a rate of 1 hour for every dollar they owe the American public. With the massive increases of manpower derived from this penalty phase,  politicians caught lying to the American people and not making the agreed upon budget cuts,  will be mandated to do everything Barack Obama says his fake jobs bill would do:  We will rebuild all of our bridges, roadways, and schools with this new-found free labor. We will send our convicted politicians into the downtrodden slums and ghettos to clean them up, giving Barack Obama and his Democrats the “urban renewal” they so desire, and it won’t cost the taxpayers one thin dime in labor. We can also have criminal politicians save the Post Office from the government and labor-union caused bankruptcy crisis they are currently under, by having them sort and deliver mail as part of their community service. Democrats have always been the champions of imprisoned felons rights groups, so we shall also mandate that all prisoners do extensive community service as part of the new social justice programs in HR 2011, thereby supplying America with an estimated annual 500 million free man-hours of labor to rebuild America.  Felonious members of Congress will be working side by side with the convicted murderers, rapists, Occupy Wall Street vermin, welfare class, and convicted illegal drug cartel members in the ultimate form of their beloved Social Justice.  

*HR-2011 is reported to have national bi-partisan support, according to several ex-members of Congress, unnamed sources,and distant friends of ex-Congressional aides, all of whom who wish to remain anonymous for personal and national security reasons.

*HR-2011 is estimated to cut our national debt by over $4 trillion dollars a year by the newly formed *Common Sense Home Budgetarians/Working Taxpayers of America Foundation.

*Yes these statements are made in humor, using fictitious group’s names to make the point of how our government uses their government-funded non-profit puppet organizations statistics and unnamed sources to claim bi-partisan support, budgetary savings etc.

Meet the FFB, the Largest D C Slush Fund Ever Part 2

In part 1 of Meet the FFB, we discovered how Congress had created their own mafia-style loan sharking Federal Financing Bank where designated Congressional committees have had little to zero oversight in billions of dollars in “loans” where taxpayers lose huge amounts of money. ( think Solyndra here ) Meanwhile, politicians are stuffing their campaign coffers, crony-capitalists, union bed-pals, friends,and relatives wallets, through mafia-style influence peddling. The political appointees of the Treasury dept.’s ‘head nod’ is all that is required for billions of taxpayer dollars to be doled out, sometimes at little to zero interest. The Treasury believes that the FFB loan-sharking and political influence-peddling is strictly legal according to the FFB’s charter, but that false belief comes from the fact that Congress just decided to give themselves the power to ignore the United States Constitution when they created their own loan sharking and influence-peddling bank.

The creation of the FFB was illegal according to the U.S. Constitution and therefore should be abolished immediately, and all it takes is a summary look at what our Constitution mandates. relative to the U.S. Congress authorizing the spending of  tax dollars. Before one dime of taxpayer’s money is spent, it must be drawn up as a bill, go through relative committees in the U.S. House of Representatives, be debated, ( with possible amendments voted upon) and in passing by a majority a vote, be sent to the U.S Senate for consideration. If the Senate authorizes the spending in the bill and passes it, it is then sent to the President for his signature of authorization to spend said amounts of taxpayer dollars. ( That’s the short version, and yes, there are also other factors and legislative procedures involved in spending legislation that are simply too numerous to mention here, for all the nit-picking, tax-dodging felons of the world posing as lawyers such as current Treasury Secretary Timmy Geitner, who might want to cry about it )

No where in our constitution does it even come close to implying that Congress has the authority to bypass congressional spending legislation by creating their own loan-sharking, graft, bribery and influence-peddling bank as they did in creating the FFB in 1973. That fact alone proves the FFB to be more in line with a mafia-style loansharking criminal enterprise, as opposed to the fairy tale that it is legal to loan out the people’s money at near zero percent interest rates to friends, relatives, Unions, and campaign-donor-crony-capitalists simply because the tyrants of Congress said it was within their power to do so. Congress over-stepped their authority and the FBB should be shut down immediately. Like so many pieces of legislation over the years, Congress starts out with apparently good intentions only to have the people suffer at the hands of an over-reaching big government expansion of power. Now we shall provide our readers with a few examples just how Congress has been using the FFB to give away our tax dollars to political bed-pals, Unions, friends, and relatives, while also enacting the Marxist wealth redistribution agenda that is so heavily embedded in the Liberal ideology of Barack Obama and the fake Democratic Party of today.

The now famous Solyndra scandal where taxpayers lost over half a billion dollars due to the FBB loan sharking program, is largely responsible in bringing this fraud upon the taxpaying public into the sunlight. This episode in Congressional connivance contains all the elements of the Liberal Democratic agenda that we have seen come out of the closet, so to speak , during the past five years. First it contains a heavy dose of Marxist wealth redistribution at it’s very roots in the fact that it picks and chooses just who gets near zero interest rate loans, how much they get, and then even goes so far as to forgive “colleges of color” interest due on already handed out loans.

Since when is it legal for the U.S. Government to favor a black college over say a historically Asian college in America? Well, with the election of a half-black POTUS in 2008, this seems to be standard operating procedure more and more every day. From Part 1 of Meet the FFB: The bank also lets the General Services Administration [GSA], as well as “Historically Black Colleges and Universities,” and the Veteran Administration slide on interest costs on their loans, too. The bank lets them defer interest costs “on their loans until future periods,” the KMPG report say. Either give every college in the United States equal loans and then forgive the interest until a later date on said loans to all of them, or get out of the college loan business all together! That is a classic case of race-based discrimination 101, and FYI, it is against Federal law! That example is also a form of stealth wealth redistribution in which taxpayer dollars are being used to give an unfair financing advantage to “colleges of color.” When we talk about the wealth redistribution inherent in the loan sharking bank of congress called the FFB, we also see political favoritism as to who gets what green energy loans. First, the majority of the cash is sent directly to mostly Democratic Party/Obama supporters out in Liberal la-la land, California. Nothing to see here folks, just move along. The Daily Caller exposes the proof here:More solar companies led by Democratic donors received federal loan guarantees.

Weekend update: From TheHill.com, Energy Department approves $4.7 billion in solar loans. ( last minute cash grab before deadline cuts it off)

The Energy Department finalized Friday more than $4.7 billion in loan guarantees for four solar projects, bringing an embattled stimulus-law program aimed at financing renewable energy projects to a close.

This Congressional loan sharking scheme appears to be coming to a close, as far as the FBB dishing out green energy loans for Democratic campaign contributions goes… for now. We must keep an eye on the FBB Congressional slush fund bank from here on out.

In Meet the FFB part 3, we shall follow the money trail of billions of dollars of taxpayer dollars flowing into campaign coffers. Guess which politicians are filling their campaign coffers with the newest form of D.C. “green” cash? 

EU Bailout Money Going to UK/ German Banks- U.S to Bailout Greece?

Many Americans were kind of surprised when German Chancellor Angela Merkel arrived for what was largely an unannounced White House visit recently. While many self-proclaimed political experts surmised that the main topic of discussion would be the ongoing three wars the U.S. is currently in, the real agenda has come out recently via thegatewaypundit:

After tripling the US deficit and with unemployment at 9.1% President Obama pledged US financial support to bail out Greece yesterday.
CNBC reported:

President Barack Obama on Tuesday urged European countries and bondholders to prevent a “disastrous” default by Greece and pledged U.S. support to help tackle the country’s debt crisis.

Obama, whose political prospects have suffered from persistently high unemployment and ballooning U.S. debt, has pinpointed the euro zone crisis as one foreign “headwind” hitting the U.S. economy.

After a meeting with German Chancellor Angela Merkel, he stressed the importance of German “leadership” on the issue – a hint that he expects Berlin to help – while expressing sympathy for the political difficulties European Union countries face in helping a struggling member state.

“I’m confident that Germany’s leadership, along with other key actors in Europe, will help us arrive at a path for Greece to return to growth, for this debt to become more manageable,” Obama said.

“But it’s going to require some patience and some time. And we have pledged to cooperate fully in working through these issues, both on a bilateral basis but also through international and financial institutions like the IMF.” (emphasis mine)

If that little tidbit doesn’t get American taxpayer’s blood boiling, this next one is certainly going to blow open some eyes and ears. Not only is Obama pledging stealth U.S. bailout dollars to be sent to Greece, who already has been bailed out numerous times, but the fact is that the money will  mainly go to German and  UK banks, not Greece itself! Big bankers, just like our very own wall street, have made irresponsible financial decisions, yet will not be held accountable for the losses they incurred by those actions in bailing out Greece with no real plan to fix Greece’s debt problem. Yes they called for the cutesy “austerity” measures, yet those measures are obviously either a huge failure, or this is all just a stealth plot to enable more never-ending Socialist wealth redistribution. Either way, we should be asking since Speaker Boehner supposedly holds the American taxpayer’s purse in the U.S. House of Representatives, just how can Obama decide to bailout big bankers in Germany and the U.K. under the guise of bailing out Greece without it passing through Congress? What say you Mr. Speaker?

Our friends over at birdflu666 exposed the fact about just who has been raking in the billions of bailout dollars that supposedly went to Greece, Portugal, and Ireland:

German economic advisor admits banks getting billions of eurozone bailout money, not Greece, Portugal or Ireland

Peter Böfinger, an economic advisor to the German government, said that the Berlin should come clean about the fact that the billions in eurozone bailouts are going primarily to German banks.

http://www.spiegel.de/wirtschaft/soziales/0,1518,762097,00.html

”[The bailouts] are first and foremost not about the problem countries but about our own banks, which hold high amounts of credit there,” he said.

Well, Peter, I do think more many people in Germany realise that Deutsche Bank and co are making record profits because of the money it is sucking out of the tax payers of Greece and Germany.

But I don’t think it is going to be of much cheer up to Germans already fed up with having to hand over their money to Deutsche Bank and co via national bailouts to find out that the rest is going to Deutsche Bank and co via international eurozone bailouts that violate the Lisbon Treaty (emphasis mine)

So the German people are not happy to hear that their tax dollars are being redistributed to the corrupt, in-bed-with-Merkel Deutsche Bank, while they make record profits. Kinda sounds like Bush/Obama and Goldman Sachs, Morgan Stanley , BOA and Citigroup here in the U.S. doesn’t it? Now that Obama’s crony-capitalism with those supposedly-Liberal-hated U.S. bankers has been exposed, I believe Obama has taken his Socialistic wealth redistribution overseas to try to disguise it as bailing out Greece. Oh what a tangled web we weave….when voting for the hope n change thieves. Wake up folks.

At least we now know the real reason Obama welcomed Merkel to the White House in a ceremony fit for a “Royal Queen.”