In a Time of Universal Deceit, Telling the Truth is Revolutionary.
Wednesday, December 7, 2022

Secrecy and Capitalism

NEW YORK (Reuters) – U.S. securities regulators originally treated the New York Federal Reserve’s bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security, according to emails obtained by Reuters.

This is what unregulated, pure, the “Haves and Have Mores” capitalism has come down to. Facts that are so unsupportable, so messy, and quite possibly criminal, that the parties involved, INCLUDING OUR GOVERNMENT, cannot accept the idea that their dirty dealings might see the light of day.

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Ed Schultz to Robert Gibbs: You’re full of (expletive deleted)!

Among MSNBC’s collection of liberal loudmouths, Ed Schultz is easily the most bombastic.

Schultz has unleashed taunting tirades against guests who don’t share his liberal view of the world but has proven think skinned when he comers under attack. 

Schultz, for example, stormed off the set of a Fox News show when he came under the same kind of attack he unleashes on others.

Now Shultz brags that he told White House Press Secretary Robert Gibbs: “You’re full of shit” and then accuses Gibbs of obscenity when the White House Spokesman told Schultz to go fuck himself.

Interesting double standard.

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Geithner’s Fed used ‘national security’ to hide bailout details

The Federal Reserve Bank of New York, under the leadership of future Teasury Secretary Tim Geithner, invoked “national security” as an excuse to conceal details of the taxpayer-funded bailout of American International Group, Reuters is reporting.

In an email sent out by the Fed in January 2009, the Fed and AIG cited “national security interests” as a reason to invoke “special security procedures” to hide details of the bailout from public view.

The Fed demanded “assurances” from the Securities and Exchange Commission that only a limited number of SEC employees would have access to information on the bailout and insisted on a public blackout of details.

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Americans consider stimulus program a failure

More problems for President Barack Obama’s increasingly unpopular agenda: Most Americans now opose the stimulus program that was the linchpin of his economic recovery program.

A new national poll by CNN/Opinion Research shows 56 percent opposing the stimulus and just 42 percent still feeling the stimulus was a good idea.

The poll is a sharp turnaround from March of 2009 when 54 percent supported the stimulus and 44 percent opposing.

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Republicans recruiting strong slate of new candidates

Buoyed by a big Senate win in Massachusetts and gains in Governorships in Virginia and New Jersey, Republicans beat the bushes for new candidates to run for the ever-growing list of competitive seats in the upcoming mid-term elections.

Polls show increasing voter dissatisfaction with the policies of President Barack Obama and the Democratic leadership of Congress and Republicans hope to capitalize on that anger.

GOP strategists see growing opportunities for major gains in both the House and Senate, aided by missteps by Obama and Democratic congressional leaders.

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Bashing Bush no longer working for Democrats

For a while, bashing former President George W. Bush seemed the best strategy for any Democrat who wanted to win an election.

No more.

Bush bashing no longer works. Voters have tired of the constant liberal mantra that all the problems facing American today are Bush’s fault.

Time to find someone new to blame.

The problem, of course, is that after three years in controls of Congress and one year in the White House, the Democrats may have no one to blame but themselves.

Failure to address the problems now belongs to the failed Democratic leaders of Congress and President Barack Obama.

Polls show voters no longer buy the premise that Bush is solely to blame for the nation’s economic ills

Question is: Will Democrats accept responsibility for their failures?

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