First, view the below video (from May 5th, 2009) in which Rep Alan Grayson (D-Orlando — a man who has sufficient problems himself but, in this instance, is dead-spot-on) asks questions of Elizabeth Coleman, whose job title is Inspector General of the Federal Reserve. The job title itself would, I can only assume, proffer the largest clue possible as to the specific job attached:
Yes, that’s correct, we really still have no damned idea where billions and billions and billions of our dollars went. We assume they went to good causes, like banks — where the assumption was that the “stimulus” would result in an uncorking of loans for those who can actually pay, etc. But still, in February of 2011, no one really knows where all this money went. I submit that perhaps we know more about the sex life of the average silverfish than the various resting places of that staggering amount of cash.
And, oh, yes: cash that YOU labored for, taken out of YOUR pockets by way of federal taxes. You were FORCED to give that money to the government so that IT could not have ANY idea where the money really went.
As I said a few years back, the banks that were “too big to fail”? Let them fail. Car manufacturers that were in that same category? Let them fail. Hell, GM fell anyway — and then wanted MORE of your tax dollars. And got them!
Further, by shuttering many dealerships when the Fed took control of GM and Chrysler, your GOVERNMENT was responsible for the loss of tens of thousands of private sector jobs. I’m sure dealerships closed in your area as they did in mine.
Lord knows the stimulus money has been highly beneficial: the Northern Mariana Islands is applying for federal stimulus money that would go to foreign welfare recipients. The money would pay for food stamps and job training. You stimulus dollars ($823 million) also went to a study by a UCLA research team to teach uncircumcised African men how to wash their genitals after having sex.
In an unprecedented move, the number of investors fearing a catastrophic stock market crash is rising even with the stock market at 2 ½ year highs.
The unusual dislocation comes from two distinct reasons: a lack of trust in the U.S. financial markets following the so-called Flash Crash last May and the collapse of Lehman Brothers in 2007.
Once again: precious metals.
BZ
P.S.
And let us not forget: Mr Obama wants to spend even MORE of your taxpayer dollars and — concurrently — print more money backed only by the sheerest of wafting air currents.
There is a Stuck On Stupid party in DC: Progressives on the Left and Right who refuse to get the message. They are in both parties.
The public now notices their votes and sees our hard earned money and that of our children ill spent.
2010 was not a high water mark, but the first trickle in of a tsunami coming in the electorate. There are those wanting to play on the empty mud flats to get the fish flopping there… that line on the horizon growing larger is telling those doing the gaming that they no longer have time to run, nor hide.
A free market lets the chips fall where they may, government should not be sending our tax dollars to companies who obviously wasted their capitol already! private banks included! government should not be supporting any business at all. if America wants government in charge of managing business they will have to put up with all the inherent inefficiencies that system has, the ones that caused the communist Soviet “republic” to fail. America is going to fail. the people want more and more shit from their governments, want to pay less and less for it, just put it on the credit card, they say. who cares for the generation that comes after us? remember, the unborn have no rights, might as well saddle them with our wasteful selfishness.
there is no viable replacement for personal morality, when people covet, it damages society as a whole, when people steal, it damages society as a whole, when people “bear false witness”, that is, lie, it damages society as a whole. there is no getting away from it. this country outlawed teaching any form of morality years ago, the die is cast, this society will fail, and it ‘aint gonna be any fun for any of us. (except maybe the anarchists)
I do not buy the line that nobody knows as you have given examples as well.
Somebody and or group knows exactly where the money is and seeing what George Soros did with the The Bank of England I would venture an educated guess he is one that has a clue.
Such a lame premise of the right to complain about where the stimulus money went. It went to the economy recovery which is beginning to work. It went to creating more jobs in two years than Bush created in 8. It went to failing car companies which are now showing a profit and GM paid it back!
We will never know for sure… it’s buried so deep in BS, it will take a hundred years to actually GET a true accounting… And I think they are counting on that.
we really still have no damned idea where billions and billions and billions of our dollars went.
Something that this administration and the mainstream media have swept very, very far under the rug. Dems typically try to avoid accountability, but this one is a jaw dropper because the media won’t even begin to touch the story for fear of dissing Obama. Or something.
Ity isn’t money being spent, it is promissary notes. I’m not sure what is real money anymore.
Want to see a utter panic? Audit exactly how much gold is at Fort Knox.
Anybody have an idea how that can be done?
I sent a copy of BZ’s blog comments and the link to everyone in my e-mailing list. This is incredible!! Is ANYONE paying attention????