Devvy'snew column: Who's telling the truth about the economy? Links are generally posted at my web site http://devvy.net/cgi-bin/dada/mail.cgi/r/alerts/199473907263/ ______________ Who's telling the truth about the economy? http://devvy.net/cgi-bin/dada/mail.cgi/r/alerts/003803864326/ Flashback 2004: Ignore Danger Signs of the Coming Financial Catastrophe At Your Own Risk http://devvy.net/cgi-bin/dada/mail.cgi/r/alerts/254811758788/ 2006: Congress Ignoring Looming Financial Catastrophe http://devvy.net/cgi-bin/dada/mail.cgi/r/alerts/237350274706/ 2008: The Fake $700 Billion Bail Out Rescue Plan "Where did this $700 billion dollar number come from? It's been repeated ad nauseum. When one considers these inept public servants (both parties) turned a blind eye until the problem blew up in their faces right before they were ready to adjourn for the year, don't they wonder how this $700 billion dollar price tag was suddenly thrown out there? Perhaps this will solve the puzzle for them: "Our buddy from two lifetimes ago, Carl Lavin over at Forbes.com, points out a fascinating paragraph buried in a story on his web site late last week by Brian Wingfield and Josh Zumbrun. "You know, this $700-billion figure that exploded into everyday political parlance almost as fast as Sarah? The $700-billion "cost" of resolving the financial crisis and restoring confidence and liquidity in the credit markets starting this morning? "The $700-billion figure that Senate Democratic Majority Leader Harry Reid first said he could really use McCain's help with, but then the Arizonan took him up on it and Reid suddenly said the Republican would only get in the way and anyway, Reid said, he already had a done deal, except he didn't and the Nevadan ended up being the embarrassed one? "The $700-billion figure that won't really end up being anywhere near the actual cost because no one knows what all those mortgaged properties are really worth now anyway? Which is the whole problem in the first place because the institutions holding that paper don't know the value of what they're holding either, which is why everyone suddenly got so frightened? "That $700-billion figure that won't really last because eventually the feds will sell off what they're buying and might even make a profit in the end as they did with the Chrysler bailout warrants years ago? You know where that very important $700-billion figure came from? "Here's a quote from that Forbes story: "It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number." They made it up to be sufficiently ginormous to frighten everyone into rapid action. And it worked." "A Treasury spokes mouth said the $700 billion dollar figure was made up. The number is fake! These elitists who run our lives believe in their arrogance they could simply pluck a big enough number out of the sky and the American people would swallow it out of fear." Who allowed such deceit, lying and fraud to happen? The same poltroons reelected to the Outlaw Congress (96% of them) in Nov. 2012. And, the American people expected something different to happen? How's that working out six months down the road? Sheriff Arpaio https://secure.donationreport.com/donate.html?key=VWTBUG711I2K When replying to this message, plz cc: [email protected] to assure prompt reply. TEA Party Nation Top Ten Tips For Getting The Most From Your TPN Membership! http://www.teapartynation.com/?xg_source=msg_mes_network I’m as mad as hell, and I’m not going to take it any more. http://www.youtube.com/watch?v=q_qgVn-Op7Q Mrs. Richard "Peggy" Martin (1935 - 2012) http://www.legacy.com/obituaries/dfw/obituary.aspx?n=margaret-irene-martin-peggy&pid=159081400&fhid=12241#fbLoggedOut http://www.legacy.com/guestbook/dfw/guestbook.aspx?n=margaret-martin&pid=159081400&sort=1 <> <> <> When replying to this message, plz cc: [email protected] to assure prompt reply. TEA Party Nation Top Ten Tips For Getting The Most From Your TPN Membership! http://www.teapartynation.com/?xg_source=msg_mes_network I’m as mad as hell, and I’m not going to take it any more. http://www.youtube.com/watch?v=q_qgVn-Op7Q Mrs. Richard "Peggy" Martin (1935 - 2012) http://www.legacy.com/obituaries/dfw/obituary.aspx?n=margaret-irene-martin-peggy&pid=159081400&fhid=12241#fbLoggedOut http://www.legacy.com/guestbook/dfw/guestbook.aspx?n=margaret-martin&pid=159081400&sort=1 <> <> <> -- -- To join RichsRants, send email to: [email protected] For more options, visit this group at http://groups.google.com/group/richsrants?hl=en --- You received this message because you are subscribed to the Google Groups "RichsRants" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
