March 17, 2009
According to the CIA’s favorite newspaper, the Washington Post, Obama’s “apparent inability to block executive bonuses at insurance giant AIG has dealt a sharp blow to his young administration and is threatening to derail both public and congressional support for his ambitious political agenda.”
|Paulson admitted after the bankster giveaway scheme was rushed through Congress that it has nothing to do with mortgages, toxic paper, or unfreezing credit.|
It is a rising and persistent “populist anger” threatening Obama and his crew of CFR, Trilateral, and Bilderberg insiders. Robert Gibbs was “peppered with questions about why the president had not done more to block the bonuses at a company that has received $170 billion in taxpayer funds.”
Obama lamely attempted to deflect the growing criticism by declaring the brazen giveaways to AIG executives are an “outrage” that violate “fundamental values.”
Earlier this month, the Obama administration said the bailout money was needed to keep AIG functioning, saying failure of the company would be disastrous for the larger economy.
In the district of criminals, however, words are a dime a dozen or less. Obama is attempting to put a good face on a stark and ugly reality — the bankster “bailout,” passed under the threat of martial law in Congress and described as absolutely necessary to avoid an economic cataclysm by the handmaiden corporate media, is doing precisely what it was intended to do.
It is a mega-fund set-up to pay for the banker takeover of lesser banks, insurance companies, and other interests. As Paulson admitted after the scheme was rushed through Congress, it has nothing to do with mortgages, toxic paper, or unfreezing credit. The bailout is all about the beleaguered American taxpayer paying for a bankster consolidation. It’s also a scheme to take down the economy by inflating the astronomical debt bubble and then holding penny-on-the-dollar fire sales in the wake. It’s an excuse for globalists to call for a one-world banking system and currency and thus a one-world government.
[efoods]Chris Dodd has “pressed” bankster minion Timothy F. Geithner to halt the bonuses, according to the Post, but this is sort of like performing a certain bodily function in a stiff wind. House Minority Leader John A. Boehner said that “taxpayers are not receiving an adequate accounting from either the Treasury or the management of the companies that received taxpayer funds. Unfortunately, we have not yet seen such a plan.”
Mr. Boehner won’t see one either because the Treasury Department will not announce which banks are getting “cash infusions,” that is to say Christmas early. Back in December, the Fed — that is, the international bankers — said it would not release internal memos as well as information about “trade secrets” in response to a Bloomberg effort to get the information released under a Freedom of Information Act request.
“The administration is taking the steps today to go back and see what can be done,” Gibbs told the media.
Instead of actually doing something — for instance, arresting the banksters and parading them around in orange jumpsuits — Obama has decided to accentuate the “positive,” as suggested by Bill Clinton. “One of the best pieces of unsolicited advice he has received recently was from the last Democrat to occupy the Oval Office. Bill Clinton said Obama needed to talk up the economy rather than be too negative,” U.S. News & World Report said on March 5. “Obama came to the conclusion that perhaps he had tilted a bit too much toward the negative and was adding to the sour public mood that has been restraining consumer spending and perhaps discouraging lenders from loosening up on credit.”
It’s not going to work, though, as millions lose their jobs and homes. It looks like “populist anger” will develop into a larger political movement demanding the banksters be taken to the wood shed, never mind bonuses are but a sliver of a much larger iceberg.
Obama and his banker establishment crew are going to need something to blunt this growing political awareness and demand for action.
False flag attacks and war usually work in a pinch.
Secretary of the Treasury Henry Paulson did indeed claim after the banker giveaway was rushed through Congress that it was not intended to buy up bad home loans and mortgage bonds, as originally claimed. “Over these past weeks we have continued to examine the relative benefits of purchasing illiquid mortgage-related assets. Our assessment at this time is that this is not the most effective way to use TARP funds,” Paulson said (see Remarks by Secretary Henry M. Paulson, Jr. on Financial Rescue Package and Economic Update, November 12, 2008).
“Paulson said he has no regrets for the revised plan,” Bloomberg quoted Paulson as saying on November 12, 2008. “The Treasury chief and his team have decided to stick with the success they’ve had with the capital injection program, rather than try to deal with setting up the asset purchases before the change in administration, said Martin Regalia, chief economist at the U.S. Chamber of Commerce in Washington.”
Replace the phrase “capital injection” with “forking over billions with no strings attached to the banks” and you’ll get a better idea of what is going on.
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