Meredith Whitney drops the truth bomb....
Time to put the denial blanky down and quit drinking the
hope & change Kool-Aid people...
We just had "Bum Rush Banker Bailout II" cramned down our
throats... with Barack Obama pushing Congress to pass the
bill without reading it, or without the American people
being able to even see it.
...because it was that urgent.
Urgent like Hank Paulson's extortion of Congress behind
closed doors, in a Soviet-esque "secret meeting" where
he threatened Congress with "Martial Law" on the streets
of the U.S. unless they signed.
So after this "URGENT" Stimulus & Banker Bailout II bill
was signed... what did Obama do?
Here's what he did...
He thumbed his nose at you.
The minute the bill was passed by Congress, Obama left town
for a 4 day weekend... he didn't even sign the damn bill.
Do you remember his promise that he would NOT do to you
what Bush & Paulson did on "Bum Rush Banker Bailout I"?
Remember when he promised that he would post all stimulus,
budget, and bailout bills online for a minimum of FIVE DAYS
so the American people could see the bill and contact their
elected representatives?
Well you got punked...
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From the New York Post:
"WHAT'S THE RUSH?
"URGENT' $TIMULUS ON HOLD FOR BAM'S WEEKEND OFF"
"Billions For Bankers & ACORN -- Doggie Bag Scraps for the Sheeple"
nypost.com
After pushing Congress for weeks to hurry up and pass the
massive $787 billion stimulus bill, President Obama promptly
took off for a three-day holiday getaway...
Obama arrived at his home in Chicago on Friday, and treated
wife Michelle to a Valentine's Day dinner downtown last night.
The couple was spotted leaving upscale Table Fifty-Two, which
specializes in Southern cuisine, with the first lady toting
what appeared to be a doggie bag...
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"Meredith Whitney Drops A Truth Bomb"
And this morning on CNBC Meredith Whitney dropped yet another
"REALITY BOMB" on the "Hope & Change" Kool-Aid drinkers...
Banks (under pressure from Federal regulators) are slashing
consumer (and small business) credit lines.
Total open credit lines are being slashed by over "$2 Trillion"
which is 50% of available credit card lines in the U.S.
A "50% cut in existing, available credit to consumers."
...read that one more time.
Now where do you think the U.S. Economy is going in the
near future -- given that consumer spending represents
2/3rds of U.S.GDP?
Whitney also said... "We are about to enter the '2nd leg'
down in the subprime crisis."
But... what is Obama administration & the media PR blitz
telling you?
-- buy stocks!
-- spend money!
-- jump back in - the water's fine!
Obama telling people to buy stocks, appearing Thursday night
on the Jay Leno Show... Ben Bernanke on 60 minutes, and a
very well coordinated "Good News" -- Don't Worry Be Happy
media blitz.... AFTER just weeks ago, this same administration
told us the world would end if we didn't cram the spending,
stimulus, and "Bum Rush Banker Bailout II" down the throats
of Congress and the American people.
What Obama should have said was "please 'maintain' the
position"... because we aren't done with you yet...
But, after you jump back into the market, spend some mo money,
and the banks cut off 50% of all existing consumer credit...
they will be.
Wake up sheeple...
Remember when Obama toured that factory and told the workers
he would "renegotiate NAFTA & GATT"... and then Andrew Goolsby
got caught telling the Canadians - "don't worry that's just
campaign rhetoric?"
Watch the video of his lying lips here:
amyproctor.squarespace.com
Earth to sheeple... Not only is he NOT going to help US manufacturing
workers, not only is he NOT going to renegotiate NAFTA, or
GATT... he just REAFFIRMED Bush's initial SPP agreement
with Mexico & Canada!
enterstageright.com
Did he keep his promise on posting all stimulus & bailout
bills online for at least FIVE DAYS before any vote, so you,
and Congress could see & debate them?
Did he keep his promise on upholding the Constitution and
ending warrantless spying on US citizens?
Did he keep his promise on ending Torture AND Rendition?
Did he keep his promise on scaling back the War, or did he
just escalate it into Afghanistan (just shipped 17,000 troops)?
Did he keep his promise of -- "No More Earmarks" - with
6,000 of them on "Bum Rush II"?
Is it now clear that the "new boss" isn't the boss at all?
politico.com
The Fed & The Bankster Gangsters are using the same play
book they always have...
Pump up credit and draw in the sheeple, contract credit and
crash the markets & the economy and sheer the sheeple...
And this time...
They're using an unprecedented series of public appearances
and a well orchestrated PR Media Blitz to draw the sheeple
in ... one last time, just in case they left anything on the table
... just in case you have anything left that isn't nailed down,
that they can tax, loot, or steal.
SOTB
"If there is one specific reason for the American Revolution
it would be the Kings refusal to allow the colonies to operate
an honest money supply". Of course high taxes had something to
contribute but the King outlawed the "Greenbacks" the colonies
were using and forced them to borrow money from the Central
bank of England, with each note attached a percentage of debt."
-- Benjamin Franklin on the reason for the (first) revolutionary war.
"If the people ever allow a central bank to control the
money supply they will wake up homeless in the land their
forefathers conquered".
-- Thomas Jefferson |
