Archive for Economy
Ron Paul on Keynesian Economics, Great Depression, & the Current Crisis
Posted by: | CommentsPart 1:
Part 2:
Telling it Like It Is
Posted by: | CommentsIf only we had legislators in our country that could tell things like they really are. The USA is very much like England in that we owe tons more than we produce and that we are economically weak. It is time to demand real change, restore constitutional government and end The Federal Reserve private centralized banking system. It is time to return to a Gold Standard and stop devaluing the US Dollar by creating more and more un-backed money.
Last but not least, it is time to make obama and all of our elected officials obey the constitution that they swore to uphold and defend. Democrats and Republicans are both corrupt and DO NOT have the well being of our country in their best interest. They repeatedly DO NOT follow the constitution and pass unconstitutional bills/laws. The present and former presidents do think twice about signing these unconstitutional things into law. Allowing unconstitutional laws to come to life causes the degredation of our liberties and freedoms. Whether or not people want to admit it, our country is heading into a fascist police state led by a tyrannic BIG government. I have yet to see a mainstream media outlet report on the bills that just passed in the house and senate that open up the doorways for MANDATORY SERVICE to our country. This is real and almost signed into law. You, your friends, your children, and other family members could be FORCED to serve the country for a fixed period of time. This is not and never was the intention of our founding fathers–in fact this type of government is exactly what they opposed and separated from.
A Turd (AIG) with a different name is still a Turd
Posted by: | CommentsAIG is supposedly looking to overhaul their name…you know…that three character acronym has been a bad word in recent news. A piece of poop is still a piece of poop, even with a new name. Why is this company even standing anymore? Socialist obama is keeping them propped up–not for the good of our country, but because they lined (and probably still continue to line) his pockets.
http://www.msnbc.msn.com/id/29834658/
NEW YORK - Workmen rolled up their sleeves at American International Group Inc this weekend to take down the most prominent sign at the downtown Manhattan offices of the embattled insurer that has become the scorn of America.
A spokesman said the company had decided to replace the large AIG sign — outside the entrance to its property-casualty offices — as part of its plan to change that operation’s name to AIU Holdings Ltd.
The move is designed to “distinguish these well-capitalized businesses from AIG,” said a second spokesman.
The signage is outside the company’s Water Street offices, around the corner from AIG’s Pine Street headquarters, which has long only been marked by an understated brass plaque inscribed “American International Building.”
AIG has said it may sell the headquarter building, as part of its drive to raise funds to repay its debt to the U.S. government.
The AIG name, once the proud moniker of the world’s largest insurer, has become tainted since large losses on mortgage bets necessitated a government bailout of $85 billion last September. Twice since more aid has been given to AIG, with the rescue now costing U.S. taxpayers up to $180 billion.
The AIG name has become even more tarnished in the past week, after a scandal erupted over bonuses to executives of a controversial financial products unit that caused much of the $100 billion in losses over the past year.
A rebranding to distance the giant insurer’s sprawling operations across 130 countries away from the AIG name are likely to continue.
“I think the AIG name is so thoroughly wounded and disgraced that we’re probably going to have to change it,” Liddy told a U.S. House of Representatives subcommittee last Wednesday.
What’s in a name?
AIG’s roots date back to China in 1919 but it has only carried the American International name since 1967, when the new company was incorporated to hold the shares of the group’s growing insurance operations.
Since AIG’s bailout last September, other of the company’s businesses have also rebranded, in most cases returning to earlier names.
A U.S. auto insurance unit, AIG Direct, for example, has changed its name back to 21st Century, the name it used until 2007 when AIG, already a majority owner, acquired 100 percent of the company.
In the case of AIU Holdings, the company said earlier this month that it was renaming its global property-casualty business ahead of plans to eventually spin off about 20 percent of this business in a public stock offering, and could sell off more over time.
Ron Paul on the AIG Bonuses
Posted by: | CommentsRon Paul explains the real problem, the Federal Reserve, on the floor 3/18/09. Enjoy.
I want my tax money back!!!
Posted by: | CommentsCongress just keeps signing more and more bills into law that will keep the national deficit way above anything we’ll ever be able to pay off in our lifetimes. And Congress is supposed to be the voice of the people it represents. So who was speaking for me when they decided to write the bill that puts our country 9 Trillion dollars deeper into debt??? And why is it that a country with a Free-Market can even do that to its people?
Where is my voice? Who is taking my concerns to the President of the United States and making it known that I’m 100% displeased with this decision? No one. The reason is because Congress doesn’t care what the people want. Congress thinks that the average Joe is too stupid to know what is good for them, therefore, they vote legislation into law that we have no control or say over. And we end up losing more and more of our tax dollars to stupid legislation. Nevermind that members of Congress have the leisure of Air Force owned jets to fly all over the country at their own discretion, ie. Nancy Pelosi…all financed with our tax dollars.
I WANT MY TAX MONEY BACK!!!!
I want to be able to use my hard-earned money to use where I see fit. I’m tired of financing major corporations that get bailouts because they can’t stay afloat!!! Why should that be MY problem? If I can’t pay my own mortgage, who’s going to bail me out? And I already lost several thousands of dollars in my 401k this year, not to mention my company ISN’T matching our 401k this year because of the idiotic bailout plan that went into action. The entire market is coming down because of this stupidity. Or better yet, if I owned my own business and I wasn’t able to make a profit, would the government bail me out? Nope. And the reason is because my small business wouldn’t be lining Congressional pockets or doing them any favors.
For those of us who are hard-working tax payers who didn’t ask to bailout these corporations, we should have a voice. We should have a say in where our money goes. We shouldn’t have to put up with Congress (who’s not looking out for what’s best for the American People, but for a few corporations who may have scratched their backs) making bad decisions that we will end up paying for. Those elected officials have wronged us!
I am tired of sitting back and watching the IRS compound more and more taxes on the American people. I get taxed on almost everything I do. There’s tax for owning a home, owning a vehicle, taxes on food, gas, clothing, you get taxed on phone usage, flushing the toilet (which is a double tax because you’re taxed on what goes in your body, and then what comes out)! I’m tired of taxes!!!
But since we all have to pay taxes regardless of how I feel about it, here’s an idea…Why not be able to choose where my tax dollars go??? Much like the 401k plan works, you should be able to choose which programs you want to benefit from your tax dollars. Give me the option of paying for state-funded prisoners to eat for free and use the internet and get law degrees while they’re serving their time. Give me the option of spending my tax dollars helping out major corporations that would just get bought out by larger ones if they went down in flames. Give me the option of funding highway cleanup crews. Give me the option of funding other such nonsense which is running rampant in our country…and then I’ll be a much happier Citizen.
Until then, I WANT MY TAX DOLLARS BACK!!!