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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Saturday, October 29, 2011

Obama's Shovel Ready Socialism

Socialist Democrats are always looking for new places to spend your money.


Shovel Ready Projects
Some $2 Billion in Obama stimulus money used to pay people to stay in homes they cannot afford
  • The real truth  -  The "stimulus" money is really going to the BANKS to cover the bad home loans they made for years on end.
  • This taxpayer rip-off is bi-partisan.


By Gary;

A growing number of distressed homeowners in California are keeping their houses because of a state program funded with $2 billion in federal stimulus money.

Participation in the "Your Home California" program has grown quickly to about 7,000 homeowners statewide. The program has provided more than $128 million in benefits, or roughly $18,000 per homeowner, reports the Sacramento Bee.

"After working out kinks in the system … we're really starting to pick up speed," said Diane Richardson, Keep Your Home California's program director

Pick up speed.  Now that is just fucking wonderful.  The USA is totally bankrupt and is both borrowing and printing money left and right and the Socialists cannot wait to get the program up to speed.

About 50 banks, mortgage services and credit unions have agreed to participate with the housing agency.  Who would not agree to get FREE MONEY from the Federal Government to keep their private mortgage contract solvent?

In August, Bank of America Corp., the nation's largest lender, signed on.

The program offers as much as $3,000 a month for up to nine months for homeowners who have lost their jobs. It also provides up to $15,000 in mortgage assistance to homeowners who have fallen behind on their payments due to financial hardship.

In addition, the agency provides assistance to homeowners who have to relocate due to a foreclosure sale or a short sale, in which a bank agrees to take less than what is owed. This plan calls for a one-time payment of up to $5,000.

Crony-Socialism at its very best.
Money is taxed from the producers of society and then the wealth is re-distributed to international bankers to cover the bad loans they made . . . . . and while the bankers are lining their pockets with tax money the Socialist Democrats are claiming they are helping the little guy.  A true con game.
 
Where are the Republicans? 
. . . in bed with the Democrats and Bankers!


There is a massive rip-off of taxpayer money and a re-distribution of wealth from the producers in society to international bankers to cover their bad loans.  You would think that Republicans and Democrats would be all over the issue of corrupt bankers.

But no.

Do not listen to what the political hacks say.  Watch what they do.

The tax money keeps flowing and no meaningful hearings are held by either party to investigate the Wall Street meltdown, massive loan fraud and the home foreclosure insanity.

As the list below shows, both political parties are fully bought and paid for by the banking industry.  Both parties are doing everything possible to prevent any real investigations that might draw the attention of the public.

Hundreds of billions of dollars have vanished like a fart in the wind . . . . and no one goes to jail.

Our Founding Fathers would be so proud of these bastards.



Bi-Partisan Corruption

Banking Industry Contributions - Top 20 Members of Congress

CandidateAmount
Obama, Barack (D)$3,841,640
McCain, John (R-AZ)$2,802,669
Clinton, Hillary (D-NY)$2,209,223
Kerry, John (D-MA)$1,642,984
Dodd, Chris (D-CT)$1,289,763
Schumer, Charles E (D-NY)$1,252,175
Bachus, Spencer (R-AL)$1,153,913
Shelby, Richard C (R-AL)$1,083,183
Baker, Richard (R-LA)$893,770
Gramm, Phil (R-TX)$846,303
Hutchison, Kay Bailey (R-TX)$803,806
McConnell, Mitch (R-KY)$788,630
Blunt, Roy (R-MO)$734,668
Boehner, John (R-OH)$709,139
Castle, Michael N (R-DE)$707,378
LaFalce, John J (D-NY)$685,302
Lazio, Rick A (R-NY)$676,669
Santorum, Rick (R)$659,389
McCollum, Bill (R-FL)$652,999
Pryce, Deborah (R-OH)$641,961


The numbers on this page are based on contributions from PACs and individuals giving $200 or more.  (Open Secrets)


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