Government handouts **DO** lead to dependency and stifle initiative

[Orrex]

How else to you explain Wall Street's resistance to easing-back the Fed's $85B monthly market subsidy?

[CaliforniaPeggy]

1. LOL!

[Jackpine Radical]

2. I just knew where this was going before I clicked on it.

Why do you hate the rich? What have they ever done to you, except maybe permitting you to further develop your character through exposure to the adversities of poverty?

[Shandris]

3. Hey now!

That's a valuable service they offer to us! Why, by all rights they should be -charging- us for the right to develop our character. How does $299.99/month sound, hmmm?

[Enthusiast]

16. You deserve a massive plus one!

You must have gone through a period of character development through exposure to the adversities of poverty. [URL=.html][IMG][/IMG][/URL]

[Jackpine Radical]

18. Been there, done that.

Yes, indeedy. Like, living in a car in the Wisconsin winter with a freshly minted PhD and a flaming case of unrecognized PTSD from Vietnam.

[bvar22]

4. More about the $85Billion/Month subsidy for Wall Street:

This is difficult for me to wrap my brain around.
Here is some more info from a trusted source:

Banks Looting US Treasury $85 billion a month with Toxic Mortgage Bond Swaps until Triggering a Greek Style Collapse

The One Percent Power Elite and their proxy political party argue austerity to justify automatic budget sequester cuts (except for what inconveniences Congress) of $2.4 Trillion dollars, cutting food stamps by $40 billion dollars, de-funding CHIP child health care by $13.3 billion dollars, government furloughs--and all the while 47 million Americans are in poverty.

And yet while enacting all these cuts to aggregate demand the Federal Reserve (Fed) has printed about $4 trillion dollars for the banks in a “stimulus” program called “Quantitative Easing (QE). This is free money transferred to Wall Street banks as the Fed buy collapsed mortgage bonds above their pre-collapse market values. The exact price is a secret. If we add to QE, special auction give aways and zero interest rate money the Fed has made available to Wall Street since 2008 it is estimated between $10 to $20 trillion dollars have been given to the banks with no strings attached.

Some economists call this money given away by the Fed to private banks a “stimulus” but it is really a massive scam by the banks off loading their toxic mortgage bonds onto the American people which will mean austerity and depression forever. The scam can be done in broad daylight because people don’t understand QE purchases; the off loading of bad debt is disguised as “stimulus” so the victims think they will somehow benefit from the mysterious bond purchases; and QE is administered as monetary policy by monetary specialists that isn’t subjected to critical review by democratic processes unlike fiscal budgetary policies. The empirical evidence shows that the four doses of QE in the last five years and provided very little stimulus.

http://www.thomhartmann.com/forum/2013/09/banks-looting-us-treasury-85-billion-month-toxic-mortgage-bond-swaps-until-triggering-

[font size=3]Paulson with Co-Conspirators

Now THIS is bi-partisanship!
Better get used to it.
Hahahahahahahaha![/font]

They claim to have "Saved the Economy" as they paraded in front of the TV cameras,
patting themselves on the back, and congratulating each other for their heroism and non-partisanship.
Whether of not they "saved the economy" is debatable.
The American Economy IS much more than Wall Street.
What we DO know is that they saved their own portfolios from taking a negative hit.

For those who suffer from the delusion that our government (Congress, Senate, White House) is too top heavy,
too bureaucratic, too partisan to Act Quickly, let the Great Wall Street Bailout put that myth to rest...forever.
Congress, the Senate, and White House delivered almost a TRILLION DOLLARS to Wall Street less than a week after receiving the 3 page extortion note from Paulson threatening the Quarterly Profits of their Investment Portfolios.

"Thank GAWD it passed!!!!

I realize that the Wall Street Bailout is a different issue, but they are connected.
I posted this to help people understand the root of this problem,
and why it isn't being corrected...or even talked about by our "Leadership".

[L0oniX]

5. Is there any good reason to discuss US politics on a politcal website anymore?

There's absolutely no way our fake democracy will ever be free from the chains of the banksters.

[raouldukelives]

7. Luckily we still have the personal option of supporting them or not.

The bankers & corporations that is. More and more, either by choice or by circumstance, people are disconnecting themselves from being enablers & foot soldiers for the 1% dedicated to destroying democracy and the environment and instead learning to authentically care for people, animals and the ecosystems that support them.

[Beartracks]

15. "No strings"??!! Don't they have to provide a copy of their most recent paystub or something? n/t

[cheapdate]

17. I can't precisely get my head around it

despite my best efforts to. But, I believe the banks are more accurately looting the Federal Reserve and not the US Treasury. They're reaping extraordinary undeserved and unearned benefits of the Fed's unconscionable largesse. It's similar to theft on a grand scale, but it's not exactly like material theft.

The money they're taking doesn't have any direct impact on the government's balance sheet. They're not directly "stealing" money from the public or from the Treasury.

The Fed is simply giving away massive amounts of money to their friends in order to improve their friend's balance sheets.

Oy vey!

[mikki35]

6. OMG.

Do the math. That works out to be between $32,000 to $64,000 (whether $10T or $20T) per every man, woman, and child in the US. For the average family of 4? $122,000 to $256,000.

[L0oniX]

8. Sorry. That won't even cover my annual yacht club membership fee.

[spanone]

9. or corporate farms getting subsidies...

[hootinholler]

13. Hey those food stamps were cutting into their margins too much!

Lighten up on the farm subsidies to the Gentleman Farmers in the US Congress.

[toby jo]

10. Maybe Phil Robertson and his boys will take this up next week....

[The Blue Flower]

11. I thought this was about Congressional Republicans

They love the taxpayer-funded paycheck, but don't want to work for it.

[HoosierCowboy]

12. The Jobless in America

Need to get a clue,
In this Nation,
Big Corporations,
Get everything they're due.

So if you're jobless in America,
To change your fate
Just Incorporate,
..and get that Corporate Welfare Too!

(Sung to the tune of "God Bless America&quot

[Enthusiast]

14. It's true.

Free billions make you lazy.