The stimulus just gets better!!

2:59 pm in Demoncrats, Economy, National, Obama, Politics, Stimulus by skyzot63

Today, the Senate with the help of three turncoat pubbies passed the pork filled sham of a bullshit stimulus bill. There is not one single good thing in this bill, not one. It is about time for a peaceful revolution in this country. Every county every district in every state should be starting recall petitions for every elected official in their voting district. Start an impeachment petition for the Governors and the president.
Toss them all out. They all take an oath to follow and protect the Constitution of The United States. They get elected, take the oath and it’s hang on to your hats. It is every man for him self. Grab as much power and cash as possible.
According to Bloomberg U.S. Taxpayers Risk $9.7 Trillion on Bailout Programs.

By Mark Pittman and Bob Ivry

Feb. 9 (Bloomberg) — The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages.

The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years and pledged up to $5.7 trillion more. The Senate is to vote this week on an economic-stimulus measure of at least $780 billion. It would need to be reconciled with an $819 billion plan the House approved last month.

Only the stimulus bill to be approved this week, the $700 billion Troubled Asset Relief Program passed four months ago and $168 billion in tax cuts and rebates enacted in 2008 have been voted on by lawmakers. The remaining $8 trillion is in lending programs and guarantees, almost all under the Fed and FDIC. Recipients’ names have not been disclosed.

“We’ve seen money go out the back door of this government unlike any time in the history of our country,” Senator Byron Dorgan, a North Dakota Democrat, said on the Senate floor Feb. 3. “Nobody knows what went out of the Federal Reserve Board, to whom and for what purpose. How much from the FDIC? How much from TARP? When? Why?”

It just keeps getting better.

Financial Rescue

The pledges, amounting to almost two-thirds of the value of everything produced in the U.S. last year, are intended to rescue the financial system after the credit markets seized up about 18 months ago. The promises are composed of about $1 trillion in stimulus packages, around $3 trillion in lending and spending and $5.7 trillion in agreements to provide aid. The total already tapped has decreased about 1 percent since November, mostly because foreign central banks are using fewer dollars in currency-exchange agreements called swaps.

We are going to “swap” ourselves out of sovereignty.

Federal Reserve lending to banks peaked at a record $2.3 trillion in December, dropping to $1.83 trillion by last week. The Fed balance sheet is still more than double the $880 billion it was in the week before Sept. 17 when it agreed to accept lower-quality collateral.

What happens when the Federal Reserve runs out of cash? The administration will stick greedy, dirty hands into your and my pockets.

The worst financial crisis in two generations has erased $14.5 trillion, or 33 percent, of the value of the world’s companies since Sept. 15; brought down Bear Stearns Cos. and Lehman Brothers Holdings Inc.; and led to the takeover of Merrill Lynch & Co. by Bank of America Corp.

Thank you so very much Nancy and Harry, so Very Fuckin’ Much!!!

The $9.7 trillion in pledges would be enough to send a $1,430 check to every man, woman and child alive in the world. It’s 13 times what the U.S. has spent so far on wars in Iraq and Afghanistan, according to Congressional Budget Office data, and is almost enough to pay off every home mortgage loan in the U.S., calculated at $10.5 trillion by the Federal Reserve.

I will not be holding my breath for that Fuckin’ check. If anyone who happens (except spammers) to stumble on my humble blog, you can easily see that I am Fucking pissed off as much as I was when my first wife took my son and ran off with her fucking lawyer. Maybe that’s why I hate lawyers.