Saturday, February 21, 2009
The Action Wire keeps you up to date on current rumors and smears and equips you with the information to fight back against them. It's up to all of us to fight back and make sure everyone has the facts about Barack Obama and his vision for our country's future.
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Friday, February 20, 2009
Thursday, February 19, 2009
Bought & Paid For
Geithner as an Example of Obama’s Brand of “Change”
Dear A-Letter Reader,
Some of us actually bought it.
“Hope,” “Change,” and “Yes we can.” The spirited mottos of newly-elected President Obama.
These days it’s sounding much more like “Yes, we can change hope,” as Barack’s zealous inexperience collides with one of the steepest learning curves ever faced by an American President.
But despite a handful of alarming early mistakes – like appointing several tax-dodgers to what will no doubt be the “spendiest” administration in U.S. history – surely Obama can bring some kind of change to the White House. It won’t be politics as usual, right? And it especially won’t be some deplorable Chicago brand of pay-for-play politics, right?
Despite the “truthiness” of Barack’s promises…the cold, hard facts would suggest otherwise.
Ladies & Gentlemen of the Jury, I Give You Tim Geithner
You know, George W. Bush left a vacuum in the White House when he left. There wasn’t anyone left who could kill the markets with a single speech. Well…we’re happy to report that Tim Geithner stepped up to that challenge and met it head-on, tanking the Dow by about 400 points in his first speech.
Tim Geithner. You may recall that he was one of the few Federal Reserve representatives who could explain the Bear Stearns deal in layman’s terms. He’s a young and uneasy looking go-getter with a silver spoon lodged down his throat. He’s not a big bank alumnus like Paulson. And he was picked by the demagogue of “change,”…so we all agreed to overlook his shady, tax-dodging ways.
But he's got other talents as well.
And no, we don't mean making funny faces and embarrassing poses for the camera (which we're convinced to be his true purpose).
No, he's a master of seeming like he's in two pockets at the same time. Incredible really. All at once, this "rich kid" has for his whole career seemed to be a champion of the people and a friend of the banks. Nevermind the fact that this perception is now falling apart on a daily basis.
But in the words of history's bestselling book, "No man can serve two masters." So we've got to ask ourselves...who's little Timmy really working for?
A quick scan of the Internet will give you the table listed at the right. These are the top contributors to Barack Obama's Presidential campaign. This isn't a "secret" or a "conspiracy," it's a matter of public record.
On a tangent, it's remarkable to see that all these banks could still muster campaign money...despite needing taxpayer relief to the tune of tens - and even hundreds - of billions of dollars. Then again, it's probably good business...campaign contributions will keep the gravy train from getting derailed.
But we circled these three names in particular for a reason.
You see, something strange happened on the way to the Treasury. After months of Obama railing against the wicked ways of corporate lobbyists, Geithner appointed the former chief lobbyist of Goldman Sachs to serve as his head of staff.
Just wait...it gets better.
Geithner's new deputy secretary is a former CEO of Citigroup. Another CFO from Citigroup is now assistant to the President...and one of his assistants also came from Citigroup. To finish out the roster, a member of Obama's Economic Recovery Advisory Board...yeah, he used to work at UBS.
But wait; there's more.
Geithner's "Brain Trust" of unofficial advisors includes John Thain - who formerly worked with both Goldman and Merrill Lynch - Gerald Corrigan (another former Goldman exec) and Hank Paulson (yet another former Goldman Exec). The icing on the cake here is Alan Greenspan, who exploited his own disastrous mismanagement of the Federal Reserve in a brief stint with Pimco last year, who's also got Geithner's ear.
Which leads us to ask...
Is there Any Question as to WHO is Steering Our Ship of State?
To which the prompt answer is; no.
And to be honest; it would be hard to argue that this is anything other than a perfect example of "Blagojevich-style" pay-for-play Chicago politics. This isn't a conspiracy theory...it's perfectly spelled out in plain sight. "You help me get elected, I'll help you fleece my taxpayers," "Deal!"
But let's pull back and take our anger out of the situation.
Yes, banks are good for the economy. That much is obvious. And when the banks get their "just deserts" (as in the 1930s or the Panic of 1873) the people suffer for decades. Sounds pretty simple.
But this isn't the 1930s, my friend.
And we've got to remember that Paulson, Geithner, Thain and Greenspan...it was their leadership that got us here in the first place. Their institutions...their organizations that killed the golden goose and the financial system, bringing the economy down with it.It's almost like getting into a cab with Evel Knievel behind the wheel. Thanks...but no thanks.
from the sovereign society newsletter
Above; A pool of water, joy
Below; Fire, brightness, beauty
In its original sense, Ge means an animal's pelt that molts every year, or a skin that is sloughed off. By extension, it can be taken to mean a great political change, a throwing off of government, or revolution. It retains at the same time, the original sense of revolution; a turn of the wheel of time or of fate. The two trigrams making up the hexagram are same as in 38 (opposites), but now they are reversed. The younger daughter being above and the elder daughter being below. The opposites are now in direct conflict like water over fire.
When there is revolution, none will believe in it before the day of its completion, but then there is complete success. Righteous persistence brings rewards and regrets vanish.
Water and fire extinguish each other like two women who share the same household but whose wills are in constant conflict. The revolution must come first, before the faith of the people in it will be established. An enlightened attitude, both to the change itself and to the means by which it is brought about, will bring joy in success, making it possible to put everything to rights. It is the power of the forces of heaven and earth to bring about the renewal that is revealed in the progress of the four seasons. Tang and Wu (Cheng Tang, 'the Competitor', the first of the Shang emperors, and Wu Wang, the son of King Wen) revolted in accordance with the will of heaven, and the people answered their call. Great indeed are the events of the time of throwing off.
Fire below water is the image of Ge. The Superior Man makes observations of the calendar, and determines the days of the seasons.
He is wrapped in the skin of a yellow ox.
Yellow is the colour of the middle way, and the ox is the symbol of docility. The hour for change has not yet come and the wise man will refrain from making any changes until the time is ripe.
When the day comes
Go forward with good fortune.
One should always attempt first to secure reform by moderate means. But when these are unsuccessful, revolution becomes necessary. Proper preparation is essential. The time must be right and a man with the necessary abilities and the support of the people is required.
Action brings misfortune
Persistence brings danger,
But when throwing off has been three times discussed
One may commit oneself
and be believed.
This is a warning against haste and ruthlessness in initiating change, as well as against delay in the name of righteousness. The concepts should be discussed with care and the plans given mature consideration; only then is it wise and proper to set matters in motion.
One is accepted by the people.
Throwing off brings good fortune.
He who brings about a revolution of any kind must have the necessary authority, as well as the inner strength. Because inthe end the people will only support undertakings that they know to be good.
The great man makes his changes
As the tiger molts his pelt
Even before he consults the oracle
He is believed.
The tiger, a symbol of brilliance and majesty, molts his coat every year. But the stripes, even though they may change, remain as clear and visible as ever. In the same way, when a great man leads a revolution, the reasons for the changes that he makes are apparent to all. He is so confident of his actions that he does not need to seek advice by divination.
The Superior Man makes his changes
As the leopard molts his pelt.
The inferior man changes his face.
Beginning brings misfortune.
Righteous persistence brings good fortune.
When repression has been thrown off, or when a new direction has been established, the Superior Man continues to make smaller changes necessary to establish the new order. The leopard is the symbol of beauty, whose moult make sonly small changes in its spotted coat. Lesser men easily adapt to the new conditions; but to attempt to continue with radical changes will bring disaster. Success lies in perseverance along the middle way.© 1979 Neil Powell
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