The Democratic School of Theft and Ethics: Perspective via history and numbers


Ever wonder what ONE TRILLION dollars looks like?  Well it looks like this:

$1,000,000,000,000

As our friend at Suitably Flip has done, however, a picture is worth a trillion words:

stimulus-trillion-in-picture-suitably-flip

Comparing the proposed liberal-program boondoggle spending to historical spending ventures, and even the Wall Street CEO bonuses that Obama whined about, you get the picture of the enormity and ridiculousness of this proposed bill!  Again from Suitably Flip:

So how big is the resulting $1.2 trillion spending package?  Big enough to dwarf any government program in history, even after adjusting for inflation.  It’s bigger than the New Deal and the Iraq War combined.  The interest alone will be costlier than the Louisiana Purchase or going to the moon.  The $18 billion in bonuses paid legally by private Wall Street firms in 2008 – decried by the President as “shameful” – is vanishingly small in comparison (smaller even than the bill’s incremental food stamps expenditures).

The only relatively modest component of the spending bonanza is the money tagged for infrastructure and energy efficiency (the ostensibly stimulative part), which accounts for less than 14% of the total.

As if the over one trillion reasons why Obama and the Dems are unfit to lead is not enough….another friendly and intelligent blogger, Doug Ross, has outlined in ascending fashion the proof of rampant corruption and stupidity that exists in the Democrat “ruling” party:

$34,000: the amount of federal taxes that Secretary of the Treasury Timothy Geithner (D) failed to pay during his employment at the International Monetary Fund despite receiving extra compensation and explanatory brochures that described his tax liabilities.

The Faces of Corruption and Stupidity
Your Democrat Party: The Faces of Corruption and Stupidity

$75,000: the amount of money that the head of the powerful tax-writing committee, Rep. Charlie Rangel (D-NY), was forced to report on his taxes after the discovery that he had not reported income from a Costa Rican rental property. His excuses for the failure started with blaming his wife, then his accountant and finally the fact that he didn’t speak Spanish.

$93,000: the amount of petty cash each Congressional representative voted to give themselves in January 2009 during the height of an economic meltdown.

$133,900: the amount Fannie Mae “invested” in Chris Dodd(D-CT), head of the powerful Senate Banking Committee, presumably to repel oversight of the GSE prior to its meltdown. Said meltdown helped touch off the current economic crisis. In only a few years time, Fannie also “invested” over $105,000 in then-Senator Barack Obama.

$140,000: the amount of back taxes and interest that Cabinet nominee Tom Daschle (D) was forced to cough up after the vetting process revealed significant, unexplained tax liabilities.

$356,000: the approximate amount of income and deductions that Daschle (D) was forced to report on his amended 2005 and 2007 tax returns after being caught cheating on his taxes. This includes $255,256 for the use of a car service, $83,333 in unreported income, and $14,963 in charitable contributions.

$800,000: the amount of “sweetheart” mortgages Senate Banking Chairman Chris Dodd (D-CT) received from Countrywide Financial, the details for which he has refused to release details despite months of promises to do so. Countrywide was once the nation’s largest mortgage lender and linked to Government-Sponsored Entities like Fannie Mae and Freddie Mac. Their meltdown precipitated the current financial crisis. Just days ago in Pennsylvania, Countrywide was forced to pay $150,000,000 in mortgage assistance following “a state investigation that concluded that Countrywide relaxed its underwriting standards to sell risky loans to consumers who did not understand them and could not afford them.”

$1,000,000: the estimated amount of donations by Denise Rich, wife of fugitive Marc Rich, to Democrat interests and the William J. Clinton Foundation in an apparent quid pro quodeal that resulted in a pardon for Mr. Rich. The pardon was reviewed and blessed by Obama Attorney General and then Deputy AG Eric Holder, despite numerous requests by government officials to turn it down.

$12,000,000: the amount of TARP money provided to community bank OneUnited despite the fact that it did not qualify for funds, and was “under attack from its regulators for allegations of poor lending practices and executive-pay abuses.” It turns out that Rep. Maxine Waters (D-CA), a key contributor to the Fannie Mae meltdown, just happens to be married to one of the bank’s ex-directors.

$23,500,000: The upper range of net worth Rep. Allan Mollohan (D-WV) accumulated in four years time according to The Washington Post through earmarks of “tens of millions of dollars to groups associated with his own business partners.”

$2,000,000,000: ($2 billion) the approximate amount of money that House Appropriations Chairman David Obey (D-WI) is earmarking related to his son’s lobbying efforts. Craig Obey is “a top lobbyist for the nonprofit group” that would receive a roughly $2 billion component of the “Stimulus” package.

$3,700,000,000: ($3.7 billion) not to be outdone, this is the estimated value of various defense contracts awarded to a company controlled by the husband of Rep. Diane Feinstein (D-CA). Despite an obvious conflict-of-interest as “a member of the Military Construction Appropriations subcommittee, Sen. Feinstein voted for appropriations worth billions to her husband’s firms .”

$4,190,000,000: ($4.19 billion) the amount of money in the so-called “Stimulus” package devoted to fraudulent voter registration ACORN group under the auspices of “Community Stabilization Activities”. ACORN is currently the subject of a RICO suit in Ohio.

$1,646,000,000,000 ($1.646 trillion): the approximate amount of United States exports endangered by the “Stimulus” package, which provides a “Buy American” stricture. According to international trade experts, a “US-EU trade war looms“, which could result in a worldwide economic depression reminiscent of that touched off by the protectionist Smoot-Hawley Act.

As Ross says:

It’s not just a culture of corruption. It’s a culture of corruption and stupidity. And, unlike Republicans, Democrats appear to be above the law. All of the aforementioned clowns are still in office, ruling like the royalty they’ve become.  

REMINDER: Let’s not forget that amidst the “urgency” of this spending spree that Obama HAS decided to cut some spending….DEFENSE SPENDING! Funny that the one thing Obama took the oath to do is the very thing he finds as expendable in his first two weeks in office. The oath:

“I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my ability, preserve, protect and defend the Constitution of the United States.”

(H/T: Jim Treacher)

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23 Responses

  1. LOL, President Bush spent more money than the new deal and killed over 4,000 US troops and said he was looking for WMD’s he knew didn’t exist. And now people wonder why the democrats are in power and the conservative movement is in shambles.

  2. StopHate…
    Your are short on facts and long on BDS….

    GET…OVER…IT!

  3. StopHate…
    BTW…..you might take a look at your name…..It might help you with your skewed little hateful view of the 43rd Prez.

  4. If you can’t stand the heat……

  5. What a snappy comeback!

  6. StopHate,
    What Heat? You didn’t even address the corruption and stupidity of the Democrat party which is the point of this post…

    StopStupidity!

  7. A party who’s leader Rush Limbaugh is a 3 times divorced, drug addict, draft dodger and single Christian ” Viagra” user can’t make claims of corruption or stupidity.

  8. Still no facts…I’m waiting

  9. Be careful, or stophate might hold up his hand and instruct you to talk to it.

  10. Treacher,
    Good point…it is like having a debate with a wall….

  11. SRT:
    To add to Doug Ross’ great numbers parade:
    Funds raised by Obama to bring us hope and change: $736,652,908.
    Had John McCain raised that much to get elected, he would have been accused of “buying” the election.
    Source: http://www.opensecrets.org/pres08/summary.php?id=N00009638
    Cheers!

  12. McCain took taxpayers money. Obama took donations from the people. Obama also won by a landslide. You lost, stop whining.

  13. Stophate…
    If you are trying to make Obama look ethical and above corruption, you achieved the opposite effect.

    McCain simply did what every candidate before has done since 1976 when the current public financing program began….he used public financing.

    Obama pledged to do the same, but instead, he reneged or had lied all along and became the FIRST candidate NOT to take public financing.
    Instead he DID BUY the election by taking donations illegally from non-existent people and money funneled internationally.

  14. No public financing of Obama’s election has now brought Democrat leaders who do not want to pay taxes to pay for the public financing of elections either. How ironic! Only the regular folks need to pay taxes and interest and penalties and fines…
    Timothy Geithner at Treasury
    Charlie Rangel at Ways and Means
    Chris Dodd Chairman of Banking committee who could not pay the interest rate his constituents pay on home mortgages
    Tom Daschle and Nancy Killefer just just withdrew their nominations
    Last but not least, how about Obama paying market prices for his house in Chicago. He himself admitted making a mistake. Source: http://www.washingtonpost.com/wp-dyn/content/article/2006/12/16/ AR2006121600729.html –
    This administration reminds me of Jimmy Buffet’s song “Jamaica Mistaka.” Perhaps he should do a reprise and should call it: Baracka’s Mistaka
    Cheers!

  15. stophate (er…whatever),

    Either you are a product of a large city public school system or you simply have pancakes for brains.

    Make a coherent argument or go away and drown yourself in meaningless one-line talking points.

  16. GBS, Well people that went to public school and have pancakes for brains tore down the conservative machine. Maybe if you had some common courtesy and talked about things that really matter to the American people your party might not be in such dire straights.

  17. stophate (er…whatever),

    Unfortunately, the Republicans stopped themselves by trying to emulate what they were trying to defeat. They’ll regroup, probably sooner than you think.

    “…people that went to public school and have pancakes for brains tore down the conservative machine”

    What? All I see are a bunch of Ivy League lawyers. They’re most all wealthy and some don’t pay their taxes. They ALL send their kids to private school, but they make darned sure that poor people don’t have the same choice.

    As far as talking about things that “really matter”…I’ve seen NOTHING substantive from you. You’re nothing but a “useful idiot” that thinks and speaks in Left-wing sound bites. Google that term if you’re confused. You obviously have nothing constructive to add to ANY adult conversation. If / when that changes, let us know.

  18. You said yourself that the conservatives tried to emulate the democratic party. There is a simple reason for that. They simply have no choice. People are tired of the hard lined politics of the conservative movement and even most conservatives are moving closer to the center.

  19. Oh…they had plenty of choice, and you (unsurprisingly) misunderstand.

    After Bush’s election, there were few demonstrations of conservative economic philosophy on the part of Republicans.

    Many of the Republicans in Congress became corrupt, just like their Democrat counterparts.

    Like their Democrat counterparts, they expanded government instead of working to contain it.

    Like their Democrat counterparts, they let the deficit grow when they should have been doing everything possible to shrink it.

    They sat and watched the housing and financial markets bubble and eventually spiral out of control. When the few conservative voices spoke up, the Republican “leadership” allowed special interest groups, along with Democrats, to squelch the discussion.

    Democrats were at the head of Fannie Mae and Freddie Mac when the bad mortgage paper that caused our current problem was written. There are JUST AS MANY, if not more, Democrats working in lead positions on Wall Street.

    In short, like Democrats of the past, they grew complacent and somewhat arrogant during their tenure. People got pissed off enough to turn their backs and hand Congress over to idiots like Pelosi and Reid, and the White House over to a smooth talking, yet grossly under-qualified first-term senator from Illinois.

    Now, instead of wannabe Dems, we’ve got the real thing, and we’ll be paying a HUGE price for it. They’re already off to an auspicious start.

  20. GBS, Wall Street is liberal ? Hardly. This financial crisis is a product of deregulation and the less government “free market” philosophy begged for by conservatives. Well you got what you asked for. Bill Clinton may have had a problem keeping it in his pants but he left us with a balanced budget. I’m sure that after we spend the money to pull out of the conservative depression we will get our financial house back in order. We just won’t be allowing Wall Street to run rampant anymore.

  21. stophate,

    Among other things, you have a reading comprehension problem. I never said that Wall Street is “liberal”, just that it has Democrats as well as Republicans, and they’re ALL motivated by the same thing. If you don’t believe me, look at the political donations from individuals at Wall Street firms during the last election.

    You look at everything through a partisan ideological prism. Consequently, you only see half of the problem. Wall Street, or more specifically, the financial sector “running rampant” was only part of the problem. The government being in the business of backing the mortgage industry and establishing some VERY “liberally minded” lending rules was the other component.

    Could better regulation of the financial industry have helped avoid this mess? Probably…strike to the economic “conservatives”.

    Could a housing policy that did NOT encourage, sometimes demand, and even back (via Freddie / Fannie) home loans that carried too much risk have helped avoid this mess? Probably…strike to the economic “liberals”.

    If there had been better regulation of the financial industry AND more a sensible government policy regarding mortgages, would we be in this mess?

    I doubt it.

    Guess what? We’re lining up again for the merry-go-round. What are we seeing now from the idiots in DC? They’ve handed over BILLIONS of our tax dollars to the banks to stabilize them, but then whine when the banks tighten credit rules and don’t follow the same stupid lending practices that caused the trouble in the first place.

    Righting the economy and preventing a recurrence of the issues that led to the financial crisis will take clear-headed analysis that people like yourself (and the President) don’t seem ready to undertake. Simply calling it a “product of deregulation and the less government ‘free market’ philosophy begged for by conservatives” is a fatuous and sound bite inspired piece of meaningless rhetoric.

    By the way, Clinton, the condition of his pants, and his “balanced budget” aren’t relevant to the discussion. In fact, the rollback of banking regulation started in his administration.

  22. A pretty good analysis of what happened for those who want to delve deeper than “moveon”, “dailykos”, and “huffingtonpost”…

    http://www.factcheck.org/elections-2008/who_caused_the_economic_crisis.html.

  23. […] I guess the following examples don’t count….but then again, we are increasingly a country of “those feeling slighted” ourselves despite billions of dollars of debt-financed “help” being thrown our way. […]

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