Showing posts with label housing market. Show all posts
Showing posts with label housing market. Show all posts

Saturday, December 10, 2011

Joe Walsh v. Tammy Duckworth, any bets who conservatives will vote for?

"After much soul searching and discussions with my wife Helene, friends, and supporters, I am here tonight to announce that I will stand for re-election in the 8th district of Illinois. I am running for re-election to fight for those in my district who feel like they are losing their country." - Representative Joe Walsh (R-IL)
Joe Walsh is going to run against Tammy Duckworth, Wounded Iraq War veteran and former assistant secretary of Veterans Affairs, for the newly realigned Illinois 8th District in 2012.

Any bets whom Conservatives will champion? Of course, they'll back the disgraceful Joe Walsh.

I can't think of a bigger piece of garbage in the US Congress than Joe Walsh. Yes, even including Michele Bachmann. Everything we have learned about Joe Walsh shows he is interested in only one thing, getting money into the hands of Joe Walsh.

Walsh, first tried to make a name for himself as being the Tea Party candidate who called President Obama black. Then he worried that "American Jews aren't Pro-Israel enough."

Walsh outdid himself by going on a screaming red-faced tirade at Melissa Rakestraw, an Illinois resident and Postal worker, who dared to talk to him. Walsh screamed, "DON'T blame the Banks! I am tired of hearing that crap!" The "crap" being the truth about how the Banks and Wall Street collapsed the US housing market and turned the US economy into a giant gambling ring.

Rakestraw, later told Walsh, many returning Veterans work at the USPS, Walsh said he didn't care if Veterans lost their jobs as long as the Republicon plan to destroy the USPS was accomplished.

Walsh wasn't done. Walsh told a town hall he considered Veterans joining OWS and #Occupy protests "Anti-American" and "they don't understand this country." That would be Joe Walsh, ZERO days in uniform, ZERO days deployed.

There can hardly be a more illustrative example of the current conservative hypocritical mindset than Joe Walsh. Apparently, the conservative notion of supporting the troops extends only as far as the magnetic field on their yellow bumper stickers.

It goes beyond being the willing dupes for the Right or accepting Karl Rove's tactics of attacking a Democratic politicans' strength. Conservatives are the willing foot-soldiers to the Republicon Guard, and the willing slaves of the 1%.

The October 2011 Chicago Magazine showed the average sale price for the suburban homes around Chicago. Municipalities, like Palatine, Vernon Hills, Mundelein, Lincolnshire, Lake Zurich, in Joe Walsh's current Congressional District have all seen their 2011 housing value drop from 2010.

What Illinois residents have learned about Joe Walsh is the same thing his ex-wife and kids learned about him. Joe Walsh is a deadbeat who doesn't give a crap about the people he supposedly represents and is only interested in securing a job for himself sucking off taxpayers or working in DC as a lobbyist.

Monday, December 5, 2011

Capitalism at it's Finest! $7.77 TRILLION for the Banking Criminals

Yeah, you suckers thought the $700 Billion TARP was bad. Turns out the Federal Reserve decided to funnel 11 times that amount to the Wall Street Criminals!
It dwarfed the Treasury Department’s better-known $700 billion Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year.
Plus, over the last few years, the Fed and the Big Banks have been fighting to keep it hidden from the Public. In fact 3 years ago today Decemeber 5th 2008, the Federal Reserve allocated $1.2 Trillion to the Too-Big-To-Fail Banks.
Bankers didn’t disclose the extent of their borrowing.
$7.77 Trillion USC. This ridiculous sham is the Free Market? They call this massive amounts of Taxpayer Welfare Capitalism? The Banks then had the temerity to foreclose on injured veterans? The Bankers continued to claim that poor borrowers were the problem? And as the best and brightest these 'Job Creators' deserved the millions they've gotten as bonuses? Of course, the shameless Banks and their Criminal CEOs turned around and fought any and every effort to place any regulations upon them. American Capitalism is Feudalism.
A fresh narrative of the financial crisis of 2007 to 2009 emerges from 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions. While Fed officials say that almost all of the loans were repaid and there have been no losses, details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.
The US Government has been transformed into the private slush fund of the Plutocracy. The 1% are not bought off anymore with the mere raiding of foreign lands, they want it all. And thanks to the tireless efforts of the Republicon Party and Corporate-Friendly Democrats they are going to steal the entire wealth of the United States.