Wednesday, July 18, 2012

Obama the Fraud Hiding in plain sight...

SHOWN BELOW ARE THE FEW THINGS OBAMA HAS MADE PUBLIC... and below that..... THE FREAKING PAGES OF STUFF HE HAS SEALED/BLOCKED/LIED/DODGED/BULLSHITTED ABOUT WITH THE HELP OF THE LAP DOG LEFTY OLD MEDIA!
  

    

A fake autobiography -- an automythology really -- in the introduction, Obama acknowledged his use of pseudonyms, composite characters, approximated dialogue and events out of chronological order.  Obama's story as told by Obama, with a little help from his his unrepentant terrorist buddy, Bill Ayers, has more than a few holes in it -- and his relationships are extraordinary.

A
counterfeit short-form birth document posted on an Obot website that has never, ever, been examined by a qualified, independent examiner -- addressing the FactCheck.org document, Hawaii Department of Health spokesperson Janice Okubo told Politifact, "I don't know that it's possible for us to even say beyond a doubt what the image on the site represents."

And
two old newspaper clippings that aren't even newspaper clippings, but microfiche/film copies that are proof of nothing.  In a court of law, these documents would be considered hearsay.  No one has ever seen these birth announcements in the original newspaper.  No one has ever documented the source or veracity of these announcements, but the Kenyan, Stanley Ann and little Barry never lived at that address -- especially in August 1961.

Finally, after three years of stonewalling, Obama released what he claimed was his
long-form "birth certificate."  The document was almost immediately demonstrated to have been electronically/digitally manipulated. 

Outside of Team Obama, only Savannah Guthrie was ever allowed to examine the "original" document -- the one that was immediately accepted as 100% genuine by the ObamaMedia.

But
her photocopy of the document is hinkey!
AND HERE IS WHAT THE ASSHOLE IS HIDING...
Obama has lived for 50 years without leaving any footprints -- none!  There is no Obama documentation -- no bona fides -- no paper trail -- nothing.

Obama/Dunham marriage license -- Not released (if one exists)
Original, vault copy birth certificate -- Not released (
lawyers' fees greater than $4,000,000 -- a REAL birth certificate is $15)

Certification of Live Birth (short form) -- Released -- Counterfeit
Certificate of Live Birth (long form) -- Released -- Counterfeit
Amended Certification of Live Birth -- Released -- Counterfeit
INS air travel records August 1-7, 1961 -- Missing

The Illinois State Archives told Judicial Watch that they never received any request from Senator Obama to archive any records in his possession.  In 2007, Obama told Tim Russert that his records were "not kept."And there's less on the web every day.  In time, the entire Obama body of knowledge will consist of 3 documents -- "Dreams From My Father" -- "The Audacity of Hope" -- and the latest -- "Change We Can Believe In" -- all written by Barack Hussein Obama or his "ghost-writers."


Just an accident?  I don't think so, but the overriding question is what, and why?  What is Obama hiding?  And, why is he using such extreme measures to hide it?


With his willing accomplices in the ObamaMedia, Obama has succeeded in evading the eligibility issue and seizing power.


And we still don't know who the hell he is -- or where he comes from -- or who sent him.


This is the original list -- it has been copied all over the Internet -- but this is the original source.

Obama/Dunham divorce -- Released but incomplete (by independent investigators)
Obama Sr. INS file -- Released -- both U. Hawaii and Harvard wanted him expelled for "womanizing"
Barry Dunham/Obama Kindergarten records -- Records lost (this is a big one -- read two frames)
Soetoro/Dunham marriage license -- Not released
Anna Soetoro/Dunham passport records -- Released, but key years
are missing
Barry Dunham/Obama/Soetoro passport records -- Missing
Soetoro adoption records -- Not released
Fransiskus Assisi School  School application -- Released (by independent investigators)
Besuki School  record -- Released (by independent investigators)

Punahou School application -- Missing
Punahou School records -- Not released
Noelani 3rd Grade records -- Not released

Soetoro/Dunham divorce -- Released (by independent investigators)
Selective Service Registration -- Released (by independent investigators) -- Under suspicion
Social Security Numbers -- Released (by independent investigators) --
Under suspicion
Occidental College records -- Not released

Financial Aid Records -- Not released
Passport Records -- Not released and records scrubbed clean by Obama's terrorism and intelligence adviser
Columbia College records -- Not released
Columbia thesis -- "Soviet Nuclear Disarmament" -- Not released
Harvard College records -- Not released
Harvard Law Review articles -- None

Illinois Bar Records -- Not releasedBaptism certificate -- None (never baptized)
Medical records --
Not released -- nor is the source of this nasty scar
Illinois State Senate records -- None
Illinois State Senate schedule -- Lost -- really!
Law practice client list -- Not released
University of Chicago scholarly articles -- None
Rashid Khalidi video --
Hidden by the L.A. Times

White House Visitors list -- Incomplete to the point of worthless
The Blagojevich Interview -- judge
denies access to the FBI report
The Osama bin Laden photos -- sealed by Obama
The Fast & Furious documents -- Executive Privilege invoked
Obama’s Biography Is A State Secret In Canada
Obama is the most high-profile politician in recent history, the winner of a bruising election campaign in which every aspect of his life -- from his smoking habit to anti-American comments made by his pastor -- came under relentless scrutiny.

But according to Canadian government officials, a
biography of Barack Obama provided to Prime Minister Stephen Harper shortly after Obama's inauguration last January qualifies as a state secret.

Broken link again, Obot scrubbers at work, but
here is my cache copy.
Stanley Dunham's FBI File Reportedly Destroyed
Thomas Lifson is reporting that Stanley Dunham, the man Barack Obama called "Gramps", was monitored by the FBI, but like Obama, his paper trail has been obscured.  News comes from Cliff Kincaid, via the Christian News Service and Canadian Fee Press:
    

"The FBI confirms that a file was maintained on Obama's grandfather, Stanley Armour Dunham," states Cliff Kincaid, the journalist who runs the public policy group, America's Survival, Inc. (ASI).  "This is a troubling development in the effort to understand the Marxism that drives Obama's policies as president today."
      
In correspondence with Kincaid, available at usasurvival.org, the FBI says the file was destroyed in 1997.  The FBI made the admission after Kincaid complied with a request to verify the identity of Dunham and the fact that he was deceased.

Dubbed "Gramps" by Obama, Dunham has been depicted in news reports as a patriot who served in the U.S. Army in World War II.  But he had a close relationship with Communist Party USA (CPUSA) member
Frank Marshall Davis in Hawaii, who reportedly drank and smoke pot with Dunham.....

Davis was not only a communist but a pornographer who wrote a semi-biographical novel about having sex with a 13-year-old girl.  He mentored Obama for as many as nine years of his young life in Hawaii.
         
America has never had an occupant of the Oval Office so poorly vetted.  Keep in mind that Gramps stepped in and raised young Barry Soetoro after first his father and then his mother abandoned him.  Stanley Dunham functioned as the closest thing to a father Obama experienced.  The reasons the FBI thought he was worth watching will probably never be known, along with so much about Obama's background that might conflict with the carefully manufactured image that the MSM cooperated in selling to the American public, while ridiculing those who sought more information on the odd lacunae in Obama's paper trail.
Obama: Better Even Than Jesus
Squeeky, girl reporter, says, I am probably going to be struck by Lightning for mixing politics and religion, but I just got to thinking about something in the Bible.  The story of Doubting Thomas.  Here is the story from verses 24-28 of the 20th Chapter of the Book of John:
    

But Thomas, one of the twelve, called Didymus, was not with them when Jesus came.  The other disciples therefore said unto him [Thomas], We have seen the LORD.  But he [Thomas]said unto them, Except I shall see in his hands the print of the nails, and put my finger into the print of the nails, and thrust my hand into his side, I will not believe.

And after eight days again his disciples were within, and Thomas with them: then came Jesus, the doors being shut, and stood in the midst, and said, Peace be unto you.  Then saith he to Thomas, Reach hither thy finger, and behold my hands; and reach hither thy hand, and thrust it into my side: and be not faithless, but believing.

And Thomas answered and said unto him, My LORD and my God.
    
Sooo, what I got to thinking about, is how Jesus, who even most Atheists admire as a person, was not too good to help resolve an identity question.  Jesus didn't get mad at Thomas, or call him crazy.  Jesus did not try to invalidate Thomas's feelings or make him feel guilty for wanting to see it for himself.  Jesus didn't put a law firm on retainer.  No, Jesus simply let Thomas touch his wounds and resolve his doubts.


Since those days, spiritual beliefs are of necessity a matter of faith.  But faith has never been the primary modus operandi of government or of business or of life in general on the physical plane.  The IRS doesn't just take your word for it, and reserves the right to audit your tax return.  We sign contracts because both parties want the promises in writing.  And we like a receipt when we check out at the grocery store.  No, physical life on Planet Earth requires more than faith.


And isn't it strange, that Obama, when faced with doubts from a significant number of Americans, can't or won't cough up one little piece of paper.  We don't have to wonder, "What Would Jesus Do?"  We can just read about it in the 20th Chapter of John, verse 24. . .
On Double Standards
John Edwards is accused of using $925K in campaign funds to hide his mistress.

Barack Obama is accused of
using over $3 million in campaign funds to hide his bona fides.

Edwards has been indicted by the Justice Department.

Obama is being defended by the Justice Department.

Go figure!

Tuesday, July 17, 2012

TAXPAYERS PAID OBAMA LAW FIRM PERKINS-COLE LLP OVER 2.6 Million Dollars. Robert Bauer.. the Attorney is Married to ...ANITA DUNN!

Robert Bauer and Anita Dunn (Spouse) in Obama’s White House. Nepotism? Or Political Protectionism? UPDATE! Bauer is “IN”


TAXPAYERS PAID OBAMA LAW FIRM PERKINS-COLE LLP OVER 2.6 Million Dollars. Robert Bauer.. the Attorney is Married to ..YUP.. ANOTHER LEFTY... ANITA DUNN ( Of "her Favorite philosopher is Mao fame remember her??)

by John Gaultier ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Obama eligibility lawsuits, Perkins Cole law firm, Obama for America April 2010 payouts, Obama not natural born citizen, Perkins Cole represents Obama
Obama eligibility lawsuits, Perkins Cole law firm, Obama for America April 2010 payouts
Let’s see, the last presidential election was in November, 2008.
Enquiring minds  want to know  Checked the April Quarterly expenditures for Obama For America. The Total Disbursements for that Period were $ 632,263.18.  Well over a third of that total, $ 261,206.69, was paid to the law firm of Perkins Cole.

http://query.nictusa.com/pres/2010/Q1/C00431445/B_PAYEE_C00431445.html

Now let me see, where have I heard that name before…………

Oh yeah, one of the first times was back in 2008.
From the Philip J Berg lawsuit against Obama, et al and specifically a Certificate of Service from Mr. Berg filed on October 9, 2008.
“I, Philip J. Berg, Esquire, hereby certify that Plaintiff’s Response and Brief inth 2008 upon the following:”
Opposition to Defendants Barack Hussein Obama and the Democratic National
Committee’s Motion for a Protective Order Staying Discovery pending Decision on
Defendants Motion to Dismiss was served via electronic filing on the ECF System, this
9 day of October

“Robert F. Bauer, Esquire
General Counsel, Obama for America
PERKINS COIE
607 Fourteenth Street N.W.
Washington, D.C. 20005-2003
Telephone: (202) 628-6600 begin_of_the_skype_highlighting FREE (202) 628-6600 end_of_the_skype_highlighting
Facsimile: (202) 434-1690
RBauer@perkinscoie.com

Attorney’s for Defendant’s
Barack Hussein Obama and
The Democratic National Committee”
Here is another reference to Perkins Coie representing OBAMA.
From the Gregory S. Hollister v Barry Soetoro, et al lawsuit, specifically the Barack Obama and Joseph Biden motion to dismiss, January 26, 2009.


“MOTION TO DISMISS OF
PRESIDENT BARACK OBAMA AND VICE PRESIDENT JOSEPH BIDEN
Defendants President Barack Obama and Vice President Joseph Biden, through
counsel, respectfully move to dismiss the Complaint pursuant to Federal Rules of Civil
Procedure 12(b)(1) and 12(b)(6). The grounds for this motion are set forth in defendants’
Memorandum in Support of their Motion, which defendants incorporate herein by reference.”
 ”Respectfully submitted,
PERKINS COLE LLP
By: /s/ Robert F. Bauer
Robert F. Bauer
D.C. Bar No. 938902
rbauer@perkinscoie.com
607 Fourteenth Street, N.W.
Washington, D.C. 20005-2003
Telephone: 202.628.6600 begin_of_the_skype_highlighting FREE 202.628.6600 end_of_the_skype_highlighting
Facsimile: 202.434.1690
Attorney for Defendants Barack Obama and
Joseph Biden”
Oops, here’s another one.
From the James D. Schneller Petition for Writ of Mandamus dated December 17, 2008.

“Attorney: Robert F. Bauer, Esq.
Address: Perkins Cole
1110 Vermont Ave NW #1200
Washington, DC 20005
Phone No.:
Representing: Senator Barack Obama, Respondent”
For those far left Obama supporters spewing lies about Obama not spending money on attorneys.
Is that cool aid working for OBAMA?
Lest we forget, Obama has been using taxpayer dollars on government attorneys in addition to using law firms like Perkins Coie to keep hiding his birth certificate and college records. Any congressmen or judges out there paying attention? 
***Update at end of this blog****
First, if you haven’t read my FIRST blog about the Robert Bauer/Anita Dunn/Obama relationship go HERE.
THEN ADD THIS: Remember there is a CONNECTION between Perkins Coie and Obama.
Robert Bauer tied to America Votes through Perkins Coie LLP

Robert Bauer Relationships through Perkins Cole LLP (America Votes)
**Note Perkins Cole LLP is one of Obama’s lawyers in the “Birther” issue***
AT&T Wireless Services >> through Perkins Cole LLP   >>
Boeing Company >> through Perkins Cole LLP   >>
Craigslist >> through Perkins Cole LLP   >>
Google Inc. >> through Perkins Cole LLP   >>
Microsoft Corporation >> through Perkins Cole LLP   >>
Nintendo of America >> through Perkins Cole LLP   >>
David T. Biderman >> through Perkins Cole LLP   >>
Thomas L. Boeder >> through Perkins Cole LLP   >>
Alexandra R. Cole >> through Perkins Cole LLP   >>
Craig E. Courter >> through Perkins Cole LLP   >>
Theresa Cropper >> through Perkins Cole LLP   >>
Marc E. Elias >> through Perkins Cole LLP   >>
Susan D. Fahringer >> through Perkins Cole LLP   >>
Robert E. Giles >> through Perkins Cole LLP   >>
Judy Gold >> through Perkins Cole LLP   >>
Salim Ahmed Hamdan >> through Perkins Cole LLP   >>
Stewart M. Landefeld >> through Perkins Cole LLP   >>
Joseph E. Mais >> through Perkins Cole LLP   >>
Guy R. Martin >> through Perkins Cole LLP   >>
Chun M. Ng >> through Perkins Cole LLP   >>
Roy W. Tucker >> through Perkins Cole LLP   >>
Edward Wes >> through Perkins Cole LLP   >>
Laura N. Whitaker >> through Perkins Cole LLP   >>
V.L. Woolston >> through Perkins Cole LLP   >>
13th Regional Corporation >> through Perkins Cole LLP   >>
Alliance to Protect Nantucket Sound >> through Perkins Cole LLP
America Votes >> through Perkins Cole LLP   >>
Dragonslayers, Inc. >> through Perkins Cole LLP   >>
HRK Group, Inc. >> through Perkins Cole LLP   >>
Metropolitan Water District of Southern California >> through Perkins Cole LLP   >>
Navajo Nation >> through Perkins Cole LLP   >>
Tamarack Resort LLC >> through Perkins Cole LLP   >>
Western Urban Water Coalition >> through Perkins Cole LLP   >>
Robert F. Bauer campaign contributions:
(Donations of $3,000 or more during 2007-2008 cycle)
Obama for America – $3,600 on 7/31/2008


WHO IS   Salim Ahmed Hamdan?robert Bauer tied to Perkins Coie representing Salim Ahmed Hamdan Osama's driver

 Guantanamo Bay prison – detainee

WHO supposedly is the alleged driver of OSAMA BIN LADEN.
IS Salim Hamdan one of the FIVE Gitmo detainees that Eric Holder of the Justice Deparment is bringing to the US to stand trial here?
The 9-11 Mastermind( confirmed) and possibly the alledged driver of Osama Bin Laden?

Re: AMERICA VOTES (connected to Perkins Cole)
America Votes is a national coalition of grassroots, get-out-the-vote organizations. Its website claims that the coalition represents “more than 20 million Americans in every state in the country” through its member groups. America Votes is itself a member of the “Shadow Party,” identified by DiscoverTheNetworks as a nationwide network of activist groups whose agendas are ideologically Left, and which are engaged in campaigning for the Democrats.
Member organizations of the America Votes coalition include, among others, the American Association for Justice; the Association of Community Organizations for Reform Now (ACORN); Campaign for America’s FutureDefenders of Wildlife Action Fund; Democracy for AmericaEMILY’s List; the League of Conservation Voters; the League of United Latin American CitizensMoveOn.org Political Action; the NAACP National Voter Fund; NARAL Pro-Choice America; the Planned Parenthood Action Fund; Progressive Majority; the Service Employees International Union; the Sierra Club; and USAction.
The organization was launched on July 15, 2003. According to Texas Monthly (August 2003), Shadow Party leaders Harold Ickes Steve RosenthalEllen Malcolm, Andrew Stern, and Jim Jordan decided jointly to start America Votes and appointed Cecile Richards its first President. Richards also served on the Board of America Coming Together (ACT).Turner Foundation and Planned Parenthood, and finally as Deputy Chief of Staff for Democrat minority whip Nancy Pelosi, soon to become minority leader. Richards held that post for eighteen months before joining America Votes. (She held the presidency of America Votes from July 2003 to January 2006, when she was named President of Planned Parenthood.) George Soros’ son, Jonathan T. Soros, has donated $250,000 to America Votes. Many of the organization’s top donors, such as Rob McKay, Robert Glaser, and Andrew Rappaport, are associates of  Soros. Other major donors to America Votes include The Media Fund; Human Rights Campaign; Planned Parenthood Action Fund; Music for America; SEIU;  League of Conservation VotersMoveOn.org Voter Fund; NARAL Pro-Choice America; AFL-CIO; Moving America Forward; American Federation of Teachers; Sierra Club; America Coming Together; and EMILY’s List.
Richards is the daughter of former Texas governor Anne Richards, whose political career was ended when George W. Bush defeated her in 1994. She harbors a deep antipathy toward the so-called “Christian Right,” which she held partly responsible for her mother’s defeat, and in 1994 founded the Texas Freedom Network, a grassroots organization aimed at countering the political influence of conservative Christians, especially on school boards. Richards subsequently moved to Washington, DC, where she served as Organizing Director of the AFL-CIO, then as a pro-abortion activist for the
 http://www.discoverthenetworks.org/groupProfile.asp?grpid=6527

Is Lady Justice truly blind?  Or is this current Administration trying to blindfold AMERICA as to what their true agenda/ideology is?
****UPDATE:
November 13, 2009

WH announces that DNC Counsel Bob Bauer will serve as WH Counsel by year’s end

Thirty minutes after White House Press Secretary refused to confirm the change in White House Counsel, the White House released the official statement announcing DNC Chief Counsel Bob Bauer will serve as White House Counsel by the end of the year, taking over for Greg Craig who is returning to private practice.

STRATEGY TO OUST OBAMA FROM OFFICE MUST HAVE FOCUS. POPULAR VOTE DOES NOT MATTER. ELECTRORAL COLLGE VOTES DO!

THE STRATEGY TO OUST OBAMA FROM OFFICE MUST HAVE FOCUS. POPULAR VOTE DOES NOT MATTER. ELECTRORAL COLLGE VOTES DO!

Please read and understand this concept. I can guarantee you Obama's handlers do.. so while Red State Patriots thump their chests and feel good about the prospect of a majority in those state.. we could lose the elections to this man again. Here is the information to absorb. Then understand it is our job to work with Patriots in the swing states to creat a winning majority IN THOSE STATES so we grab the ELECTORAL COLLEGE VOTES! GET IT ? PLEASE ?

____________________________________________________________________________________________________

Obama’s electoral college strategy, early predictions


As you know, presidents aren’t elected by winning the popular vote but  by winning the electoral college vote which is awarded state by state usually according to a winner takes all formula.  Each state gets a number of electoral votes equal to its number of Senators and Representatives.  Currently there are 538 electoral votes.  A candidate for president must receive the majority of those votes—or 270 votes—to win.


Larry J. Sabato, Director, U.Va. Center for Politics has taken a look at the electoral map for 2012.  Sabato estimates that as of now, Republicans have a lock or lead in 24 states for 206 electoral votes, and Democrats have or lead in 19 states for 247 electoral votes.  He breaks his count down this way:


Barring a Carter-like collapse, President Obama is assured of 175 electoral votes from 12 deep-blue states and the District of Columbia: California (55 electoral votes), Connecticut (7), Delaware (3), Hawaii (4), Illinois (20), Maryland (10), Massachusetts (11), New Jersey (14), New York (29), Rhode Island (4), Vermont (3), Washington (12) and Washington, D.C. (3). Three more states are not quite as certain, but still likely Democratic: Maine (4), Minnesota (10) and Oregon (7). Even though Minnesota is competitive enough to vote Republican under the right set of conditions, it is the state with the longest Democratic presidential streak, dating to 1976.


Four other states usually end up Democratic for president, but the margins can vary considerably from year to year: Michigan (16), New Mexico (5), Pennsylvania (20 and Wisconsin (10). A low Hispanic vote in 2012 could flip New Mexico; Al Gore carried it by only 366 votes in 2000 and a concerted effort by George W. Bush flipped it in 2004. Deep-seated economic problems might cause Michigan to reconsider its party ties. Narrowly Democratic in 2000 and 2004, Wisconsin is a cauldron of unpredictable countertrends. Pennsylvania has frustrated all GOP attempts to win it over since 1988, yet recent polls have shown new weakness for Obama here. These 51 electoral votes will be GOP targets if conditions in the fall of 2012 approximate today’s.


Meanwhile, the Republicans have their own Red firewall. Almost any sentient GOP nominee will carry Alabama (9), Alaska (3), Arkansas (6), Idaho (4), Kansas (6), Kentucky (8), Louisiana (8), Mississippi (6), Montana (3), Nebraska (5), North Dakota (3), Oklahoma (7), South Carolina (9), South Dakota (3), Tennessee (11), Utah (6), West Virginia (5) and Wyoming (3). These 18 states have 105 electoral votes.


The Obama forces have bravely boasted that they can turn Arizona (11), Georgia (16) and Texas (38), mainly because of growing Latino vote power. After Democrats’ surprise victories in states such as Florida and Virginia in 2008, one shouldn’t reject these assertions out of hand. Still, with the economy in the tank, electoral claims on these big three will likely go the way of John McCain’s early declaration in ‘08 that California was within his grasp. Count another 65 Red votes here.


Four years ago even many optimistic Democrats didn’t really believe they would pick up Indiana (11), North Carolina (15) or an Omaha electoral vote in Nebraska, which like Maine awards one vote per congressional district. All three went for Obama by small margins. Indiana is very likely to desert Obama next time, as is the Cornhusker district, barring another big Obama victory. The Democrats chose Charlotte for their national convention, and they will make a big play to keep the Tar Heel state. As of now, that looks tough. Thus, Republicans lead for 26 more electors. Missouri was the sole squeaker that went for McCain; few believe it will be tight next year, and the GOP has those 10 votes, too.


Sabato says there will be seven swing states in the 2012 election:   Colorado (9), Florida (29), Iowa (6), Nevada (6), New Hampshire (4), Ohio (18) and Virginia (13).   So, these are the states to watch.  Keep in mind that according to Sabato, Obama can count on about 247 electoral votes.  Republicans can count on 206.  Obama needs 23 electoral votes to get to the magical 270 winning number.  Republicans need 64.  That means Obama has many more ways to win than the Republican.  For example, he could get over the top by just winning Florida or by winning Ohio or Virginia and a couple of the smaller swing states.  Republican have to win at least two of the big swing states or they are out of luck.

________________________________________________________________________________________________

Read and understand that Patriots in key swing states have a bigger burden to help us win. Tell us what we need to do to support you ll there!


Study the MAP! Plan our strategy to win the war

Study the MAP! Plan our strategy to win the war!

WE MUST HAVE CLARITY OF PURPOSE...TO DEFEAT OBAMA!

WE MUST BE UNITED AND HAVE CLARITY OF PURPOSE TO DEFEAT OBAMA! PLEASE READ AND CONSIDER THIS NOTE!

MY THOUGHTS FOR THE DAY!

My Dear Friends and Fellow Patriots!…This is my opinion about the practical political reality in our choosing the next president of the United States who will save our Republic..... AT LEAST FOR THE NEXT 4 YEARS !

Lets not EQUIVOCATE OR Bullshit ABOUT THE BOTTOM LINE ABOUT THE IMPENDING RESULT OF THE BATTLE ROYALE...  " LEFT VERSUS OUR SIDE".

1. Obama is and will be the Candidate on the Marxist/Progressive 39% of AMERICA...The Democratic Left
2. Like it or not Romney will most likely be the Republican Candidate. ( He was not my first choice or even my second Choice...BUT HE WILL BE MY CHOICE OVER HUSSEIN OBAMA!


The Candidates from our side who have fought well till now and and made all of them better must now decide what is in the best interest of the COUNTRY'S FUTURE.Who has the best chance of winning NOW....and who is the best financed to take on Obama? Romney ?
Santorum ?
Gingrich ?Paul ?After the Pennsylvania Primary or even before.... it is time for Conservatives to circle the wagons and start the fight against Obama and not spend our

OUR Time
Our Energy
Our Financial Resources to fight each otherObama will undoubtedly have close to a BILLION DOLLARS TO BEAT UP ON OUR NOMINEE.Unless you have the ability as an individual to pony up  $2500.00 which is the maximum contribution.... to a Candidate and you have thousands of others who are like minded and can create a PAC or Bundler group....Its time to start looking at the reality (as I have)  and  prepare and  plan for another battle  in  2016 IF THE REPUBLICAN NOMINEE WINS AND IS NOT CONSERVATIVE ENOUGH FOR US!However...If we take our intra-candidate fight and extend it much longer, we will have a wounded candidate who will not have the time, money, or the integrity to wage a tough campaign with the firm belief that his side is 100% behind him. PATRIOTS WE NEED 100% OF OUR SIDE..110% BEHIND OUR NOMINEE!
( It's  like Hussein Obama... who when he goes to any military camp..MAKES OUR TROOPS DISARM.. before they can be in the room with him! BECAUSE HE FEARS his own troops! )
On the  National Geographic Channel and you may have seen two males of a species fighting for a female and they beat the shit out of each other.. trying to win....then a new male shows up and the two that have been fighting are so weak and cannot defend the prize ....that the new male shows up who is actually smaller and weaker and he wins the female by default because he is still  not bruised and battered and tired like the two who have been beating each other up. Lets not let that smaller weaker make be OBAMA!!LET US NOT BE IDIOTS NOW AND LOSE THE BIGGER BATTLE TRYING TO WIN AN INTERNECINE  FIGHTS!. WE MUST ENTHUSIASTICALLY SUPPORT THE PRESUMPTIVE NOMINEE OR PAY THE PRICE FOR OUR INTRANSIGENCE IN NOVEMBER!

It is my opinion that our first choice of candidate should have been planned for this election not in 2011 or 2012....but in 2009. Lets do better and plan for 2016 after the elections of 2012.


Here’s the way I look at it. It’s just my opinion! 

This metaphor should explain it pretty well!

Consider a man who has been condemned to die. (That’s our Country, being killed by Obama and his Cabal!)
This condemned man who has been unjustly convicted has one chance to get a “stay of execution”… but the lawyer who is going to get him that stay of execution has known to have been a bit of a scoundrel and  the condemned man does not like him too much!  There is very little chance (that without this lawyer) that the man will not be sent to the electric chair. So the condemned man has to make a choice to take Scoundrel Lawyer as his attorney and make the case for a stay of execution. He has a good chance if he does and so have time to prove his innocence!

Does the condemned man take the Scoundrel Lawyer or die based on his principles?

That is the choice!

OK you can poke holes in this metaphor with a bunch of alternative suppositions
(Maybe...The Cavalry comes in and rescues him or the hanging Judge and the jury are executed by a friendly force of rebels from an ancient Mayan Temple…… or some crazy stuff you can concoct to continue to hang onto your argument so you can validate the claim that  you do not like one of our Candidates!)…..but in the end…  IN MY OPINION  the condemned man should accept the lawyer and get the reprieve.

There are only the 3 candidates who can MAYBE beat Obama in this election cycle!!

I want the reprieve of the next 4 years for us to re-constitute our country. All our Candidates have  promised a 180-degree turn around from the Obama direction (which now guarantees the definite demise of America, as we know it!)

Will these candidates live up to their promises?? Who knows! There are no Guarantees as we found out with Obama!

Now I have seen different members of our group tear down a candidate based on conjecture and prognostication of what they will do if and when they are elected. All bad! Take them at their word for now... we have little choice.. The train is about to leave teh station!

Are we to believe them and vote for them? Or do we believe YOUR PETTY PROGNOSTICATIONS?

If so you must we believe that these candidates are pathological liars who will promise us things they have no plans to deliver?  If that is the depth of our cynicism, then why do we participate in this whole political process at all?  Pack up your tents, go home and have a deep long sleep and wake up to either a brand new day for America or … wake up in shackles!

The cold hard truth is that OBAMA WILL WIN… (If we did not give it our all to elect an alternative!)

Or we elect our Presumptive Nominee ...s.. This candidate gives us a 4 year reprieve during which we can at least get the chance to groom the “right” candidate… and redirect our country!

You must admit… we should take this reprieve and live….. than go down in defeat and lose our country in the name of  your particular brand of purity and principle.

If America dies… the last best hope for mankind is gone! No country has been looked up to by so many in the history of  the world!

I would cut off my right hand and live rather than die trapped by a rock.( like that movie recently!)  These are hard choices to make my brothers and sisters but ones we must make now!

"These are the times that try men's souls." This simple quotation is from Founding Father Thomas Paine. IT  not only describes the beginnings of the American Revolution it describes OUR TIMES! He communicated the ideas of the Revolution to common farmers as easily as to intellectuals, creating prose that stirred the hearts of the fledgling United States. He had a grand vision for society: We must too!

I request that all of you do not lose sight of the long term goals and spend too much time pontificating on past issues of ANY ONE OF OUR CANDIDATES and put them down so hard so as it would discourage even one other voter who could vote for our side to be swayed to sit home and not vote!

We cannot afford to have that happen in this election cycle… and that is why I humbly request that all of you look inside yourselves and answer the deeper question!

Do we at least want a reprieve or do we want to be just a "noble obituary"?

IT IS DOCUMENTED THAT AT THE CLOSE OF THE CONSTITUTIONAL CONVENTION, a woman asked Benjamin Franklin what type of government the Constitution was bringing into existence. Franklin replied, “A republic, if you can keep it.”

CAN WE KEEP IT ???

Obama is tearing it apart… we need four years to recover and to resuscitate it! Can you all help to do that?  It’s up to each one of us!

In closing .. I am reminded of a quotation by Cicero who said a long time ago, “It is the character of a brave and resolute man not to be ruffled by adversity and not to desert his post.

Let us not desert our posts and resort to petty squabbling! THE BATTLE LOOMS AHEAD AND WE MUST BE PREPARED!

LOCK ARMS AND MARCH FORWARD FELLOW PATRIOTS!

They came together to defeat King George. We must come together to defeat Obama!

It Is Now Mathematically Impossible To Pay Off The U.S. National Debt. OBAMA HAS KILLED THE AMERICAN DREAM!


TERRIFYING BUT TRUE: It Is Now Mathematically Impossible To Pay Off The U.S. National Debt. OBAMA HAS KILLED THE AMERICAN DREAM!

TERRIFYING BUT TRUE: It Is Now Mathematically Impossible To Pay Off The U.S. National Debt. OBAMA HAS KILLED THE AMERICAN DREAM!
This is a long read and after I read it and the re re re read it... I am depressed..
A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are  demanding a solution. What they don't realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything.

And the U.S. government would still be massively in debt.

So why doesn't the U.S. government just fire up the printing presses and print a bunch of money to pay off the debt?

Well, for one very simple reason.

That is not the way our system works.

You see, for more dollars to enter the system, the U.S. government has to go into more debt.

The U.S. government does not issue U.S. currency - the Federal Reserve does.

The Federal Reserve is a private bank owned and operated for profit by a very powerful group of elite international bankers.

If you will pull a dollar bill out and take a look at it, you will notice that it says "Federal Reserve Note" at the top.

It belongs to the Federal Reserve.

The U.S. government cannot simply go out and create new money whenever it wants under our current system.

Instead, it must get it from the Federal Reserve.

So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes. 

The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds. The Federal Reserve either sells these U.S. Treasury bonds or they keep the bonds for themselves (which happens a lot these days).

So that is how the U.S. government gets more green pieces of paper called "U.S. dollars" to put into circulation. But by doing so, they get themselves into even more debt which they will owe even more interest on.

So every time the U.S. government does this, the national debt gets even bigger and the interest on that debt gets even bigger.

Are you starting to get the picture?

As you read this, the U.S. national debt is approximately 12 trillion dollars, although it is going up so rapidly that it is really hard to pin down an exact figure.

So how much money actually exists in the United States today?

Well, there are several ways to measure this.  READ A WHOLE LOT MORE... TAKE SOME TIME...
The "M0" money supply is the total of all physical bills and currency, plus the money on hand in bank vaults and all of the deposits those banks have at reserve banks.  As of mid-2009, the Federal Reserve said that this amount was about 908 billion dollars.
The "M1" money supply includes all of the currency in the "M0" money supply, along with all of the money held in checking accounts and other checkable accounts at banks, as well as all money contained in travelers' checks.  According to the Federal Reserve, this totaled approximately 1.7 trillion dollars in December 2009, but not all of this money actually "exists" as we will see in a moment.
The "M2" money supply includes everything in the "M1" money supply plus most other savings accounts, money market accounts, retail money market mutual funds, and small denomination time deposits (certificates of deposit of under $100,000).  According to the Federal Reserve, this totaled approximately 8.5 trillion dollars in December 2009, but once again, not all of this money actually "exists" as we will see in a moment.
The "M3" money supply includes everything in the "M2" money supply plus all other CDs (large time deposits and institutional money market mutual fund balances), deposits of eurodollars and repurchase agreements.  The Federal Reserve does not keep track of M3 anymore, but according to ShadowStats.com it is currently somewhere in the neighborhood of 14 trillion dollars.  But again, not all of this "money" actually "exists" either.
So why doesn't it exist?
It is because our financial system is based on something called fractional reserve banking.
When you go over to your local bank and deposit $100, they do not keep your $100 in the bank.  Instead, they keep only a small fraction of your money there at the bank and they lend out the rest to someone else.  Then, if that person deposits the money that was just borrowed at the same bank, that bank can loan out most of that money once again.  In this way, the amount of "money" quickly gets multiplied.  But in reality, only $100 actually exists.  The system works because we do not all run down to the bank and demand all of our money at the same time.
According to the New York Federal Reserve Bank, fractional reserve banking can be explained this way....
"If the reserve requirement is 10%, for example, a bank that receives a $100 deposit may lend out $90 of that deposit. If the borrower then writes a check to someone who deposits the $90, the bank receiving that deposit can lend out $81. As the process continues, the banking system can expand the initial deposit of $100 into a maximum of $1,000 of money ($100+$90+81+$72.90+...=$1,000)."
So much of the "money" out there today is basically made up out of thin air.
In fact, most banks have no reserve requirements at all on savings deposits, CDs and certain kinds of money market accounts.  Primarily, reserve requirements apply only to "transactions deposits" – essentially checking accounts.
The truth is that banks are freer today to dramatically "multiply" the amounts deposited with them than ever before.  But all of this "multiplied" money is only on paper - it doesn't actually exist.
The point is that the broadest measures of the money supply (M2 and M3) vastly overstate how much "real money" actually exists in the system.
So if the U.S. government went out today and demanded every single dollar from all banks, businesses and individuals in the United States it would not be able to collect 14 trillion dollars (M3) or even 8.5 trillion dollars (M2) because those amounts are based on fractional reserve banking.
So the bottom line is this....
#1) If all money owned by all American banks, businesses and individuals was gathered up today and sent to the U.S. government, there would not be enough to pay off the U.S. national debt.
#2) The only way to create more money is to go into even more debt which makes the problem even worse.
You see, this is what the whole Federal Reserve System was designed to do.  It was designed to slowly drain the massive wealth of the American people and transfer it to the elite international bankers.
It is a game that is designed so that the U.S. government cannot win.  As soon as they create more money by borrowing it, the U.S. government owes more than what was created because of interest.
If you owe more money than ever was created you can never pay it back.
That means perpetual debt for as long as the system exists.
It is a system designed to force the U.S. government into ever-increasing amounts of debt because there is no escape.
We could solve this problem by shutting down the Federal Reserve and restoring the power to issue U.S. currency to the U.S. Congress (which is what the U.S. Constitution calls for).  But the politicians in Washington D.C. are not about to do that.
So unless you are willing to fundamentally change the current system, you might as well quit complaining about the U.S. national debt because it is now mathematically impossible to pay it off.
***UPDATE***
It has been suggested that the same dollar can be used to pay off debt over and over - this is theoretically true as long as the dollar remains in the system.
For example, if the U.S. government gives China a dollar to pay off a debt, there is a good chance that the U.S. government will be able to acquire that dollar again and use it to pay off another debt.
However, this is not true when debt is retired with the Federal Reserve.  In that case, money is actually removed from the system.  In fact, because of the "money multiplier", when debt is retired with the Federal Reserve it can remove ten times that amount of money (and actually more, but let's not get too technical) from the system.
You see, fractional reserve banking works both ways.  When $100 is introduced into the system, it can theoretically create $1000 as the example in the article above demonstrates.  However, when that $100 is removed, it can have the opposite impact.
And considering the fact that the Federal Reserve "purchased" the vast majority of new U.S. government debt last year, we have got a real mess on our hands.
Even if a way could be figured out how to pay off all the debt we owe to foreign nations (such as China, Japan, etc.) it would still be mathematically impossible to pay off the debt that we owe to the Federal Reserve which is exploding so fast that it is hard to even keep track of.
Of course we could repudiate that debt and shut down the Federal Reserve, but very few in Washington D.C. have any interest in doing that.
It has also been suggested that instead of just using dollars to pay off the U.S. national debt, we could use the assets of the U.S. government to pay it off.
That is rather extreme, but let us consider that for a moment.
That total value of all physical assets in the United States, both publicly and privately owned, is somewhere in the neighborhood of 45 to 50 trillion dollars.  Of course the idea of the U.S. government "owning" every single asset of the American people is repugnant to our entire way of life, but let's assume that for a moment.
According to the 2008 Financial Report of the United States Government, which is an official United States government report, the total liabilities of the United States government, including future social security and medicare payments that the U.S. government is already committed to pay out, now exceed 65 TRILLION dollars.  This amount is more than the entire GDP of the whole world.
In fact, there are other authors who have written that the actual figure for the future liabilities of the U.S. government should be much higher, but let's be conservative and go with 65 trillion for now.
So, if the U.S. government took control of all physical assets in the United States and sold them off, it could not even make enough money to pay for everything that the U.S. government is already on the hook for.
Ouch.
If you have not read the 2008 Financial Report of the United States Government, you really should.  Actually the 2009 report should be available very soon if it isn't already.  If anyone knows if it is available, please let us know.
The truth is that the U.S. government is in much bigger financial trouble than we have been led to believe.
For example, according to the report (which remember is an official U.S. government report) the real U.S. budget deficit for 2008 was not 455 billion dollars.  It was actually 5.1 trillion dollars.
So why the difference?
The CBO's 455 billion figure is based on cash accounting, while the 5.1 trillion figure in the 2008 Financial Report of the United States Government is based on GAAP accounting. GAAP accounting is what is used by all the major firms on Wall Street and it is regarded as a much more accurate reflection of financial reality.
So needless to say, the United States is in a financial mess of unprecedented magnitude.
So what should we do?  Does anyone have any suggestions?
***UPDATE 2***
We have received a lot of great comments on this article.  Trying to understand the U.S. financial system (even after studying it for years) can be very difficult at times.  In fact, it can almost seem like playing 3 dimensional chess.
Several readers have correctly pointed out that when the U.S. money supply is expanded by the Federal Reserve, the interest that is to be paid on that new debt is not created.
So where does the money to pay that interest come from?  Well, eventually the money supply has to be expanded some more.  But that creates even more debt.
That brings us to the next point.
Several readers have insisted that the Federal Reserve is not privately owned and that since it returns "most" of the profits it makes to the U.S. government that we should not be concerned about the debt owed to it.
The truth is that what you have with the Federal Reserve is layers of ownership.  The following was originally posted on the Federal Reserve's website....
"The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations – possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year."
So Federal Reserve "stock" is owned by member banks.  So who owns the member banks?  Well, when you sift through additional layers of ownership, you will ultimately find that people like the Rothschilds, the Rockefellers and the Queen of England have very large ownership interests in the big banks.  But there are so many layers of ownership that they are able to disguise themselves well.
You see, these people are not stupid.  They did not become the richest people in the world by being morons.  It was the banking elite of the world who designed the Federal Reserve and it is the banking elite of the world who benefit the most from the Federal Reserve today.  In the article above when we described the Federal Reserve as "a private bank owned and operated for profit by a very powerful group of elite international bankers" we may have been oversimplifying things a bit, but it is the essence of what is going on.
In an excellent article that she did on the Federal Reserve, Ellen Brown described a number of the ways that the Federal Reserve makes money for those who own it....
The interest on bonds acquired with its newly-issued Federal Reserve Notes pays the Fed’s operating expenses plus a guaranteed 6% return to its banker shareholders. A mere 6% a year may not be considered a profit in the world of Wall Street high finance, but most businesses that manage to cover all their expenses and give their shareholders a guaranteed 6% return are considered "for profit" corporations.
In addition to this guaranteed 6%, the banks will now be getting interest from the taxpayers on their "reserves." The basic reserve requirement set by the Federal Reserve is 10%. The website of the Federal Reserve Bank of New York explains that as money is redeposited and relent throughout the banking system, this 10% held in "reserve" can be fanned into ten times that sum in loans; that is, $10,000 in reserves becomes $100,000 in loans. Federal Reserve Statistical Release H.8 puts the total "loans and leases in bank credit" as of September 24, 2008 at $7,049 billion. Ten percent of that is $700 billion. That means we the taxpayers will be paying interest to the banks on at least $700 billion annually – this so that the banks can retain the reserves to accumulate interest on ten times that sum in loans.
The banks earn these returns from the taxpayers for the privilege of having the banks’ interests protected by an all-powerful independent private central bank, even when those interests may be opposed to the taxpayers’ -- for example, when the banks use their special status as private money creators to fund speculative derivative schemes that threaten to collapse the U.S. economy. Among other special benefits, banks and other financial institutions (but not other corporations) can borrow at the low Fed funds rate of about 2%. They can then turn around and put this money into 30-year Treasury bonds at 4.5%, earning an immediate 2.5% from the taxpayers, just by virtue of their position as favored banks. A long list of banks (but not other corporations) is also now protected from the short selling that can crash the price of other stocks.
The reality is that there are a lot of ways that the Federal Reserve is a money-making tool.  Yes, they do return "some" of their profits to the U.S. government each year.  But the Federal Reserve is NOT a government agency and it DOES make profits.
So just how much money is made over there?  The truth is that we have to rely on what the Federal Reserve tells us, because they have never been subjected to a comprehensive audit by the U.S. government.
Ever.
Right now there is legislation going through Congress that would change that, and the Federal Reserve is fighting it tooth and nail.  They are warning that such an audit could cause a financial disaster.
What are they so afraid of?
Are they afraid that we might get to peek inside and see what they have been up to all these years?
If you are a history buff, then you probably know that debates about a "central bank" go all the way back to the Founding Fathers.
The European banking elite have always been determined to control our currency, and that is exactly what is happening today.
Ever since the Federal Reserve was created, there have been members of the U.S. Congress that have been trying to warn the American people about the insidious nature of this institution.
Just check out what the Honorable Louis McFadden, Chairman of the House Banking and Currency Committee had to say all the way back in the 1930s....
"Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders."

http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt


We are prisoners of our debt!

UNDERSTAND HOW ILLEGAL THE GENERAL MOTORS BAILOUT WAS..You will Understand Obama's not so Secret Connection with the UNIONS

ONCE YOU UNDERSTAND HOW ILLEGAL THE GENERAL MOTORS BAILOUT WAS..You will Understand Obama's Not So Secret Connection with the UNIONS

 
 
 
 
 
THIS IS RICHARD TRUMKA...GOOGLE HIM !!

How did he get behind that podium ?
 
ONCE YOU UNDERSTAND HOW ILLEGAL THE GENERAL MOTORS BAILOUT WAS..You get an Understanding of the Obama Not So Secret Connection with the Unions and the Left is!! Please take the time to read this!!
Obama's General Motors [GM] Tarp Bailout - The Untold Details
Regardless of the GM bailout headlines proclaiming the staggering numbers, the real story of the government's bailout of GM, using TARP funds, is much more than just the billions of dollars involved. It is more importantly a story of governmental hubris that started with President Bush and the Republican Congress panicking and pandering to public fears, followed by President Obama and his administration - the Treasury Department in particular, skirting, or ignoring the rule of law to pursue a plan that was formulated based on political considerations rather than established contract law and sound economic procedures.
As a nation of laws, our problems with the GM bailout shouldn't be just the billions of taxpayer dollars used, they should also include the governmental bailout actions that broke whatever rules got in the way of their agenda, and, their intended efforts to deceive the public though misinformation and factual omission.
Bailing Out General Motors - The Background
First it should be noted that the General Motors bailout efforts also included Chrysler Corp. Although each have their own story details, the government actions to save the auto industry addressed many of the problems as being intertwined, and applied many solutions as common to both entities.
In late 2007, GM's financial situation was getting so bad that economists were ringing the alarm bells - warning of a possible collapse of the company. In 2008 those alarms became emergency sirens. General Motors could no longer avoid filing for bankruptcy, and it was doubtful that it could be a Chapter 11, or even a chapter 13 filing that would allow General Motors to reorganize and re-emerge as a new company - it would be a Chapter 7 filing - complete company liquidation; GM would perish as just one more failed company.
Americans, (and the world), were bombarded with Doomsday headlines: GM BANKRUPTCY TO COST 100,000's OF AMERICAN JOBS, GM COLLAPSE MEANS DEATH OF U.S. AUTO INDUSTRY, GOVERNMENT MUST SAVE GM TO SAVE U.S. ECONOMY
Bush was a lame-duck president when TARP, (Troubled Assets Relief Program), was created, (Bush's Treasury Secretary Henry Paulson's plan), to fight the crisis in the U.S. financial market. But he supported it, as did Congress, and incoming President Obama. It would be Obama's administration that would take over and administer the government's TARP efforts for the General Motors bailout.
Using TARP was seen as the only option to save GM. But there was a problem - this was the start of government's shenanigans in the GM bailout saga - TARP was legislatively created specifically for the financial market's crisis, and its use of funds was mandated for the purpose of buying troubled assets from financial institutions that would fail if they could not get rid of those toxic assets. Hence TARP. There were no provisions or authorities that would allow TARP to be used for a GM bailout. It would take more legislation from Congress to authorize such use.
But... there is always a but, the public was already screaming foul at Congress and the President over the daily headlines of how billions of dollars of TARP funds were going to favored financial institutions, overseas banks and investors, and worse - executive bonuses.
Both administrations knew Congress would not approve the needed legislation in the face of such a public outcry. So essentially, they agreed to just do it anyway. Of course they pointed to this paragraph or that in the TARP mandate, and stretched the meanings to, perhaps, technically authorize their use of TARP for a GM bailout. Several legal challenges were raised, (more on that later), and many legal experts opine that a court test would go against the administration's use of the funds.
Under the direction and control of Treasury Secretary Timothy Geithner, the Obama administration proceeded with the governmental bail-out plan for GM, (and Chrysler).
$51/$71/$81 Billion Taxpayer dollars go to save GM
Experts are still quibbling over the exact amount of taxpayer money that went into the GM bailout - but what's a few 10's of billions of dollars here and there.
Now we were bombarded with headlines touting the numbers: TARP TO SPEND $8 BILLION TO SAVE GM - GOVERNMENT GIVES GM $51 BILLION... and on and on.
Everyday was a new "billions" number - with a different explanation for its need or use: $11 billion to keep small parts supply-chain companies in business, $21 billion to see GM through bankruptcy proceedings, $10 billion for this, $20 billion for that... pretty soon we were inured to the numbers. A billion dollars used to be a bunch of money, period! But with these kind of numbers in the headlines weekly - they seemed to become just more scoreboard entries than actual dollar amounts.
Some generally excepted Tarp Fund Bailout numbers...
  • $49.5 Billion - Conservative agreement of total TARP funds loaned or given to GM
  • $30.1 Billion - Government purchase of GM stock - GM did not have enough financing to support a re-organization plan a bankruptcy court could accept, (or so it was stated), so to get the money, the U.S. Government gave GM $30.1 billion dollars in exchange for 60% ownership of the New GM company
  • *note: many sources add this to the TARP GM loans amounts to arrive at a total of taxpayer-funded loans to the GM bailout - to come up with the big $77 or $81 billion dollar numbers, but this is not correct, the $30.1 billion is not a loan that can be repaid - it can only be recovered through the sale of the government's interest in GM ownership.
This explanation isn't intended to detail the timeline or trail of TARP funds to GM, there are other sources for those details. The only purpose here was to paint a general image that it is BIG Money - regardless of the exact amount, as mentioned the $49.5 billion is the conservative number that GM and the government acknowledge.
The General Motors Bankruptcy Plan
Details of the government's involvement in, and approval of, GM's bankruptcy plan, (formulated by Treasury Secretary Geithner, the Auto Worker's Unions, (UAW), and technically GM's management), that was submitted to the Bankruptcy Court for approval, were the determining factors deciding whether GM would be forced to liquidate, or allowed to file under Chapter 11 terms and emerge from the filings as a new company - to continue business.
But in fact, it was a completely new process that the bankruptcy courts had never dealt with before - a government-subsidized reorganization plan that the court could only tinker with, and then rubber-stamp its approval.
The winners and losers of the Government's plan for GM bankruptcy hearing
This is where the administration shows its true colors.
  1. U.S. Government buys 60% share of the New GM company for $30.1 billion - giving GM the necessary "debtor in possession" funds reserve that the court required in order to consider a Chapter 11 filing
  2. The AWU's, (UAW), received a 17% ownership stake in GM, (65% in Chrysler), in lieu of the money GM owed for union health and pension commitments. At the time this equated to about 40 cents on the dollar, but in reality stock shares could be sold at levels that would not only make the health and pension funds whole - but possibly generate a profit. *Note: Unions made an initial stock sale, (a portion of their shares), right after the IPO, at a rate that generated a $4 billion profit to the funds
  3. Private secured investors were given a settlement agreement at the rate of 29 cents on the dollar *Note: these "private investors" also included investment funds composed of other union pension funds, like the Federated Teachers Association - which naturally screamed murder and went to court - where they failed to find relief - looks like the Obama administration and the UAW had more clout. THIS WAS UNPRECEDENTED IN CONTRACT LAW WHERE SECVURED CREDITORS WERE GIVE SECOND POSITION!!
  4. **It should be noted that established contract law required secured creditors be paid first, but Obama's administration simply ignored this legal requirement and gave the unsecured union creditors first position - leaving whatever might be left for the secured investors.
  5. Common-share stock holders were completely wiped out, when GM emerged from bankruptcy, all shares in the "old" GM were worthless since the "old" GM didn't exist anymore
  6. GM was allowed to retain a $45 billion business-loss tax credit, carried forth from the "old" GM to the "New" GM - a practice unheard of in bankruptcy proceedings, essentially adding a $45 billion "gift" to off-set tax liabilities of the new company.
  7. Delphi, a parts supplier network and GM spinoff, had all GM debt to it cancelled. Treasury Secretary Timothy Geithner also decided to cut pensions liabilities for salaried non-union employees to expedite GM’s emergence from bankruptcy.
There are many more GM bankruptcy plan details of course, but these are the biggies, and as with the TARP bailout amounts, more information is readily available from other sources.
The deception and misinformation begins
It all started with a statement by President Obama, to paraphrase: We do not want to be involved in the day to day operations and decisions of the New GM, and we have no intention of micro-managing their new executive team.
But....
The administration forced out the CEO of General Motors, Rick Wagoner
FOIA, (Freedom of Information Act), filings found that GM’s TV ad campaign last year that misleadingly* claimed that the company had paid back its government loan in full was approved by the administration. They also uncovered e-mails between GM CEO Ed Whitacre and various Treasury and other federal officials a month in advance of GM’s announcement of TARP loan repayments. These emails included draft schedules, draft remarks to be given by Mr. Whitacre, and draft press releases from both GM and the Treasury Department.
*GM did not payback the TARP loans as their announcement appeared to say. They only paid back one particular loan package of $6.7 billion - not the $49.5 billion the announcement implied. Even worse was that GM also did not repay the loan with monies and profits from the newly invigorated company - they paid it back with more TARP funds from another TARP escrow account, none of the repayment funds came from GM monies.
And Obama's administration knew this, and as shown above, actually helped compose and orchestrate the public announcements that deceived the public.
The Obama administration also took to the airwaves, proclaiming GM's announcement of 2011 1st quarter profits of $3.7 billion dollars, as proof of the success of their bailout efforts in saving the auto industry. President Obama even held a press conference to proclaim this as a sign of of the success of his administrations bailout efforts.
But, it wasn't true. $1.5 billion of that $3.7 billion came directly from the spin-off sale of GM's Delphi group, and a couple other smaller business units, and had nothing to do with sales and operational profits.. Leaving a real operational profit of only $1.2 billion, which was less than Ford's "non-government" assisted profits for the same quarter. The $1.2 billion number was even more misleading because it did not include any tax costs, (but Ford's numbers did), due to the $45 billion tax-loss "gift" the bankruptcy court allowed GM to carry forward onto the new company's books.
Finally - was the bailout really needed....
There has been much said for and against the need for the General Motors bailout.
Public officials from many auto industry-related organizations, the Obama administration - from the top down, and with very few exceptions - most members of Congress, all proclaimed that GM was too big to be allowed to fail. Too many jobs, (100,000's, and hundreds of small support businesses), would be lost, and too much of our economy depended on the survival of GM. Failure would be so catastrophic that not only would it undo all that had been done to save our financial markets, it would topple other segments of our economy - like dominoes, right down to the mom and pop diners that depended on auto industry worker's lunch money.
This may be true, had GM been forced to liquidate, and completely cease operations.
Maybe, but, there are other very knowledgeable business and bankruptcy experts that have different opinions. Many believe GM would have been granted Chapter 11 status without government intervention. They believe this would have been much more beneficial to both the company and our economy.
They believe bankruptcy would have allowed GM to:
  • Start with a clean slate in union negotiations - relieving them of the legacy burdens of unaffordable union health and benefits costs that were one of the major contributors to their need for bankruptcy protection
  • Negotiate new union wage contracts that were more realistic and in-line with other auto maker's cost - thus allowing them to be better positioned to be competitive. Industry average union wages are $56-$58 per hour, (including benefits costs), GM's union wage costs were $70 per hour
  • Follow other typical Chapter 11 re-emergence efforts, like; shedding unprofitable parts of the company, (lie. streamlining it's bloated dealerships program), re-negotiate cost-prohibitive contractual obligations, and more...
The point being, the same options afforded any other business that seeks Chapter 11 protection in order to reorganize into a profitable company - would have been available to GM.
Todd Zywicki, a bankruptcy expert at George Mason University, highly doubts that GM would have faced liquidation. Because the company was financially distressed—after years of poor management—but not economically nonviable, in short - just the type of situation the bankruptcy laws were designed for. If GM had put together a credible restructuring plan, it would have been able to obtain debtor-in-possession financing under which, as the name suggests, the debtors would have essentially possessed the company. But it would have been allowed to emerge as a more streamlined entity. Without needing $49.5 billion +/- of the taxpayer's dollars.
If Todd, and other similar bankruptcy law experts are correct, then why was the Obama administration so focused on a bailout-only solution?
Could it be because the unions would have stood in line just like the rest of the creditors? Or because the bankruptcy court would have voided all labor union contracts, allowing GM to start fresh negotiations with the unions - without the legacy burdens already in the contracts, ($70 per hour, $12-$14 per hour more than GM's competitors)? Or because it would have allowed GM to streamline and re-negotiate its dealership program contracts, (almost ALL auto industry experts agree GM's dealership program was over-saturated - supporting too many dealerships was another major cost driving the company's profits down), which realistically GM could not accomplish due to local political influence that in turn became Congressional political influence?
We may never know for sure. Or as the bankruptcy experts indicated, when more behind-the-scenes details are discovered, we may find out this was a case of political manipulation and deception on the grandest scale ever seen in our country's economic history.
But of course, you may have a different perspective, especially if you are a member of one of the AWU's, (like the UAW).
Footnote: As of the 2011 4th quarter, the New GM has made no further TARP loan repayments.
Source http://gaanderson.hubpages.com/hub/Obama-General-Motors-GM-Tarp-Bailout-Untold-Details
So much of the GM bailout effort was done behind political doors that it really wasn't clear what was what - until after the fact. As more details became public, and more contract and bankruptcy lawyers and experts weighed in it became less certain that the "Doomsday" scenario was accurate.
1. GM's position did not meet the criteria of a nonviable business - which would only merit a Chapter 7 filing
2. previous bankruptcy rulings indicate pension obligations would have received priority consideration, but behind secured creditors (as required by contract law - not just tossed out the door
3. A viable reorganization plan would have merited government-backed loan guarantee support, just not the massive hand-outs the bailout provided
4. Many experts point to the numerous successful major airlines bankruptcy reorganizations as examples of how the proceedings could have worked - almost an apples to apples comparison.
but alas, now it just stands as one more example of inept government meddlingTHIS IS THE SOCIALIST MEDDLING BY THE OBAMA CABNAL IN CAHOOTS WITH THEIR INION THUG BOSSES !!


Calll in the PATRIOT POSSE...WE CAN CHANGE THIS !!