The Real Axis of Evil: Washington, the Fed, and Wall Street

As Washington extends its reach farther into our lives and limits our freedoms, the Fed destroys the value of the dollar and our savings, and Wall Street continues to make billions of dollars using taxpayer money without creating any sustainable growth for the economy, Americans should begin to ask ourselves who our enemies really are. Sure, Iran, Syria, and North Korea are evil. I would love to see their regimes destroyed, but they haven’t really done anything to interfere with my life as far as I know. On the other hand, I can identify exactly the many ways that Washington, the Fed, and Wall Street are destroying our freedoms and our economy and stealing our and our children’s future.

Let’s begin with Washington. They want to take a broken health care system and make it worse by further injecting government. They’re going to raise taxes even though people are struggling with the worst economy in decades. They’ve started a job-killing trade war with China–our largest trading partner and our largest lender–to pacify Big Labor. They’ve given hundreds of billions of dollars of taxpayer money to insolvent and poorly managed, but politically connected, Wall Street banks and Detroit car companies in the name of saving our economy. We’ve continued to lose millions of jobs anyway. They’ve spent additional hundreds of billions of taxpayer dollars on a stimulus that was supposed to create jobs. Treasury Secretary Tim Geithner says there will be jobs some day, but should we really believe him? This is the same guy who thought subprime lending wasn’t a problem. The same guy who thought it made sense to give billions to lender CIT. How did that work? Oh, right, they’re bankrupt now.

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Tags: american capitalism, bailout, Ben Bernanke, Charlie Gasparino, discount window
Posted Nov 12th 2009 at 8:03 am in Economics, Politics, Uncategorized | 2947430 Commentshttp://biggovernment.com/cgrey/2009/11/12/the-real-axis-of-evil-washington-the-fed-and-wall-street/The+Real+Axis+of+Evil%3A+Washington%2C+the+Fed%2C+and+Wall+Street2009-11-12+15%3A03%3A49Christopher+Grey

Pork Report October 28, 2009: Taxpayer Subsidies All Around Edition

There are millions of tweets every day, and the government is paying scientists $678,000 to read them and measure the happiness of the written expressions

National Science Foundation discovers the cure for politicians’ dismal approval ratings; Taxpayer funded researchers to brief Congress on how to increase constituent trust and approval ratings this Friday

The right to free speech now includes government subsidized cell phones; Phone companies receive up to $10 a month in government subsidies to cover what amounts to about $3 in service per beneficiary

“Cell phone ownership is a right,” says company that provides taxpayer subsidized phones

Taxpayers subsidize about $32 of the cost of a train ticket for every Amtrak passenger

Despites the massive $787 billion in federal stimulus spending, the national unemployment rate rises to nearly 9.8 percent and the nation marks the 21st month of net job losses, longer than at any time since the Great Depression…

The White House says stimulus spending has already had its biggest impact and probably won’t contribute to significant growth next year

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Tags: Amtrak, Ben Bernanke, goverment research, Homeland Security, junket
Posted Oct 28th 2009 at 12:56 pm in Congress | 221547 Commentshttp://biggovernment.com/porkreport/2009/10/28/pork-report-october-28-2009-taxpayer-subsidies-all-around-edition/Pork+Report+October+28%2C+2009%3A+Taxpayer+Subsidies+All+Around+Edition2009-10-28+19%3A56%3A41The+Pork+Report