Posts Tagged ‘TARP’

One Nation Under “Gov” – Sneakers are Back in Town

May 20, 2011

No jobs and higher taxes

Obama Sam


Webster’s definition of “Sneak” is a person who acts in a stealthy, furtive, or shifty manner and the plural of sneak is “Sneakers.” America, we have a problem; our White House is full of “Sneakers.” Obama, Pelosi and Reid, are the three top dogs that could be catorized as the professional sneakers in D.C. This threesome has made our lives a living “hell”!

Starting way back in 2009 they nabbed our money, called it a stimulus bill and tossed it out the backdoor to the Unions, Freddie, Fannie, Chrysler Corporation and any and all their shady friends hanging out in the boondocks.
Next, Obama nudged George Bush and asked old George to request 350 billion of our TARP money telling Bush he needed some spare ammunition in case our sickened economy might need a boost. Basically Obama grabbed the 350 billion and ran like a cow that’s been in loco weed.

Shortly after this scam, Obama wanted another 350 billion promising to use it for foreclosure prevention confirming that he would monitor how funds were spent by the recipients. Almost in the same breath Obama promised to include limits on all executive bonuses, perks or compensation along with restrictions on corporate acquisition favors. Even the Democrats were questioning this transaction and wondering why Obama kept dipping in the till.

By this time, Americans were beginning to get suspicious of where their stimulus money was going and why nothing was being done to assist with the “housing bubble.” They were growling and complaining about the lack of transparency, so the sneakers went behind closed doors and created the HAMP (Home Affordable Modification Program) and tossed it out to the homeowners. It was a costly defunct program that was established to pad the pockets of the corrupt banks and lenders.

The banks made profit and got fat, while millions of Americans continued losing their homes. In fact the projection for 2011 foreclosures exceeds a million. Obama can’t be bothered with little insignificant things like home foreclosures and repos – he’s totally immersed in his 2012 Presidential campaign.

Back to 2009, Obama tossed Americans a few more fake tidbits and promised our Hispanic friends real immigration reform. Once again, the sneakers (Obama, Pelosi and Reid) snuck behind closed doors crafting the Obamacare bill, the largest most diabolical piece of legislation in our Nations’ history.

The hatchet queen, (Nancy Pelosi) and the plow boy (Harry Reid) remained behind closed doors, while Obama popped in an out on National TV assuring Americans that the recession was over and jobs were on their way.
After the Obamacare bill was passed, our National Deficit literally swelled up like a big toad and at this time our debt is increasing at several million per minute.

As of 20 May 2011 at 04:25:34 AM GMT is: $ 14,350,612,712,984.81-none of us have a clue how to stop the spending free fall except Paul Ryan; he is the only man to step forward with a plan to balance the budget.

Our Nation is broke, we’re on the brink of a Depression and the irony of this is neither Republicans nor Democrats get the picture. They are doing what politicians do; they’re playing Russian roulette with Americans making deals behind closed doors about raising our debt ceiling in a tradeoff for a few piddly tax cuts.

Obamacare waivers are the latest scuttlebutt on the streets; Pelosi and Reid it appears sneaked out from behind closed doors to help hand out these waivers. Nancy took a couple bushel baskets full of waivers for her district and Reid not wanting to be outdone showered waivers throughout Las Vegas.

Until Americans decide to “Take Back Our Country,” establish a Government of the people by the people and for the people – we will remain One Nation Under GOV With No Jobs, Foreclosures and Higher Taxes for All.

May God Bless America
As Always,
Little Tboca

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Obama – the “ABOP” King

May 18, 2011

Not many Presidents can be credited for so many “ABOP”s and not many Presidents would want that to be his or her claim to fame. ABOP merely signifies (Another Botched Obama Program.)

Let’s go back in time to 2009 and look at the numerous “ABOP”s that Americans have suffered thru while Obama was crafting his not so famous Obamacare. In order to keep us sidetracked and confused Barack would toss us a tidbit here and there knowing full well that we were in a Recession and we would gobble up anything that looked palatable.

First he threw us the AARA (the American Recovery and Reinvestment Act) intended he said to create jobs and stimulate consumer confidence, but that didn’t happen. This was the stimulus bill amounting to the tune of $787 billion and the first of Obama’s ABOPS.

The American Recovery and Reinvestment Act was one of the largest hunks of legislation in all of our US history and the most devastating and vicious act in our history, because it increased unemployment lines and the National Deficit without assisting Americans as promised.

The Hamp Program that Obama gushed over was supposed to assist homeowners and prevent foreclosures and repossessions – in fact he said it would help 3 to 4 million people avoid foreclosures, but one year later the grim reality was this approximately 66,000 homeowners had received permanent loan modifications. Yep, another ABOP just slid into view!

Give credit where credit is due, 3 U.S. Senators, Tom Coburn(R-Oklahoma), Bob Corker (R-Tenn) and Jim DeMint (R-SC) tried to put an end to the defunct HAMP program. They stated that the HAMP (ABOP) was a very costly failure.

Next we go to the TARP (Troubled Asset Relief Program) that Obama raved about, which included restricting bonuses for senior executives and the top 20 or so higher paid employees.

Do you remember the hullaballoo over bonuses paid by AIG, well take time to check out Citigroup Inc.who received received 45 billion and the return is 12 billion, JP Morgan Chase and Co, got a hefty 25 billion with return of 2 billion.

Wells Fargo & Co. received 25 billion with a return of 2 billion and no one is quite sure what really happened at Merrill Lynch a part of Bank of America Corp. (I believe Merrill Lynch gobbled up about 3.6 billion. Not bad for a few days’ work when taxpayers are footing the bill.

Dear Freddie and Little Ole Fannie received a separate bail out – Fannie received 99 billion and our government received about 12 billion and 64 billion was disbursed to Freddie with a 12 billion return. General Motors 51 billion dollars disbursed with piddly return of 23 billion, no wonder we’re in debt! Our government should hide their heads in shame!

Don’t worry about the banks and lenders paying us back anytime soon, total disbursement to them was a hefty $572,774,106,739 and return is $258,791,393,531,not very good track record for financial institutions that are crowing about profits.

For the investment banks and broker dealers, the Federal Reserve out of the kindness of their heart established about 12 emergency funding programs. You know what they say about auditing the Federal Reserve – might be a wise strategy at this time.

Speaking of the Federal Reserve, I believe their estimate for 2012 home foreclosures is around 2 million plus. It’s doesn’t appear that the housing bubble will disappear anytime in the near future.

All of the figures obtained in my article came from Pro Republic – Journalism in the public interest. projects.propublica.org/bailout/list or http://projects.propublica.org/bailout/list
There many, many more ABOPS to report on, but I’m running out of space and time.

But the big “ABOP,” the mother of all “ABOP”s during the Obama administration is the one he worked on for well over a year, Obamacare. You know, the one Obama, Pelosi and Reid conjured up – the one Pelosi said to pass because we don’t know what’s in it.

The next time you see Obama on National TV telling Americans how great his programs are, just “Flip” him off, I mean with your wand of course. ABOP, ABOP, ABOP

“May God Bless America”

As Always,
Little Tboca

Obama Stole Our Cheese

April 23, 2011

For those who have lost their home or losing their home, you probably know by now that Freddie, Fannie and Obama are the three culprits. But, that’s not all Obama was the big “honcho” stole our jobs too.

He literally hamstrung businesses (big and small) via Obamacare – that’s the healthcare bill that Pelosi, Reid and Obama crammed down our thoughts, you know the one Nancy Pelosi said we’d have to pass before anyone would know what’s in it.

Michelle Bachmann has been telling us for weeks about the $105 to $105 billion hidden in the bill so that the GOP could never cut off funds for it. Of course this explains why Pelosi wanted it passed before anyone had a chance to read it.

Wonder how CBO came up with their figures, either they can’t read or they played another “sneaky” on us. As Glenn Beck says, “Don’t Take My Word for Anything,” http://bit.ly/ggdOtv PolitiFact, FactCheck, and The Washington Post Fact Checker confirmed she was correct.

Remember 787.2 billion stimulus that we reluctantly agree too, because it was going to stimulate job growth, help save our homes, stabilize the local and state governments and assist those most impacted by the recession.

Yep, that’s what we were told, but here’s what happened. Well, it went to the undesirables or better known as “Crooks” ( AIG, Freddie, Fannie, lending institutions, TARP, HAMP and more crooks. It was merely a ploy by Obama to start a rapid distribution of our funds.

Transparency, are you kidding? Obama finalizes all deals behind closed doors; maybe he doesn’t understand the word transparency or could we consider his actions “sneaky or private?”

Decided I’d better look up the definition of “sneaky” just so I wasn’t talking out of turn. Merriam Webster says, marked by stealth, furtiveness, or shiftiness. Boy, did I hit that on the button – everything Obama has done in the past two and half years has been “SNEAKY.”

The good news is the Tea Parties arrived on the scene and Obama and gang are at wits end trying to maneuver around the Tea Parties. At first the DEMS and left wing news media tried to run them out of town by calling them names, accusing them of racism and violence, but that didn’t work.

The Tea Parties are starting to “take back our country,” and they have every intention of removing Obama from the position of President in 2012. He’s petrified and already has hit the campaign trail.

He is having many problems this time: His speeches are filled with anger and emotion – many times he’s at a loss for words. His day in the sun is starting to look like it’s petered out!

Obama is working on our youth – don’t let him lie to our children and grandchildren any longer. Speak up, talk to your kids and tell them God gave us this beautiful country and our forefathers gave us guidelines to keep our Nation safe.

To my Latino friends, don’t let him fool you anymore – he only wants your votes and could care less about your welfare. I believe there are some very good Patriots in our Freshman group of 2012 and they will work with you, if you but ask. By the way, the rat in our icebox that is stealing our cheese has a name.

May God Bless America
As Always,

Obama – The President of Slice and Dice

May 3, 2010

Slice and dice refers to Barack Obama’s misuse of taxpayers’ money – this is a proven theory that actually creates bigger government and redistribution of our money.  Starting in 2009 we can see the actual birth of the “slice and dice” era. 

Oh yes, remember the stimulus bill when we bailed out those who were corrupt or at least very unqualified stewards of our money. Obama gleefully sliced and diced the stimulus bill until it looks somewhat like a pile of mush covered with jellybeans and syrup, but one thing we know it wasn’t used as promised to stimulate the economy and create jobs. 

Next came the HARP, TARP, HAMP, Cash for Clunkers – all of these Obama creations were not created for the benefit of our hard working Americans.  If one should take time to research these bills, you will find they are defunct programs that just scammed Americans, once again.

The HAMP bill, which I was exposed to; it was an absolutely a flop – very few homeowners received actual loan modifications.  Most of the lenders chosen to implement this program are in law suits up to their hips or just padding their bottom line a bit more.

TARP is another farce that is nothing more than one more burden on the taxpayer. It may have rescued some of the corrupt banking systems, but it didn’t offer any wide based benefits to taxpayers, nor did it actually give our financial institutions real stability. So a quick analysis shows us that the pie (baked with taxpayers money) doesn’t include the hard working Americans who keep our country functioning.   

So the President of “Slice and Dice” just slam dunked the healthcare reform thru, which is proving to be the mother of all Obama reforms. Even Democrats are unable to grasp the poorly constructed reform – they are struggling due to this in their upcoming elections. 

No matter how the healthcare reform is sliced – the taxpayer will be the one picking up the pieces and paying for this atrocity. So if you look at the Obama Pie, you’ll find the pie is sliced into three pieces; (1) Bigger government, (2) Redistribution, and (3) Unbridled spending.

Taxpayers also were dunned 600 ml for government fleet vehicles, about 650 ml for digital TV converter box coupons and somewhere in the range of 21ml to re-sod the Washington monument National Mall (I do believe those who’ve been sitting on their fannies for years might consider taking on this job.) 

Many millions are still going out the back door for safe sex programs in schools – maybe parents should get back to the old fashioned parenting of “yester years” and take that job out of the schools hands!  

For me, I say pitch Obama’s pie and lets “ Take Back Our Country America.”  Little T-Boca

May God Bless America