Not the party of the rich, oh no, I mean they are the party of enriching themselves while America wades through a phony recovery. All the talk about the Republicans being in bed with big business like some kind of mob mentality actually turns out to be true-for the Democrats.
Don’t get me wrong. There are plenty of greasy hands on the Republican side, but it pales in comparison to the Democrats in Congress. A publication called Business and Politics published a study that shows that when it comes to big business, Republicans can’t hold a candle to the Dems. The report says that investments by congressional members, such as stocks and bonds, outperformed those of the average investor by 55 basis points per month. A basis point is 1/100 of a percent. Do the math. That’s over five percent every month. Republicans and Democrats both are in on the party, but the Dems are far more profitable. Continue reading Democrats, the Rich Party
The fraud perpetrated by Bernie Madoff cost investors at least $50 billion. His brazen ponzi scheme went on for years as the SEC concentrated on things like forcing companies to predict the effects of global warming on their companies in annual reports. They also let former Countrywide scum Angelo Mozilo walk away unscathed as the housing market imploded due to his significant input. In the end, a guy off the street was blowing the whistle so loudly that Madoff turned himself in. Still, there are those at the SEC that were rewarded handsomely for their incompetence.
A little known investment analyst named Harry Markopolos took a look at Bernie Madoff’s hedge fund and saw immediately that something wasn’t right. The incredible gains were just beyond reality. A few math calculations showed that indeed, they really were beyond reality. Markopolos voiced his concerns to the SEC several times, but they never took any action. Check that, the New York branch of the SEC looked into Madoff’s activities, and after 11 months found nothing and closed the case. Markopolos found something in five minutes. He was pretty detailed in what he suspected, but his pleas to the bumbling SEC fell on deaf ears. Continue reading SEC Hacks Rewarded for Incompetence
 We’ve all heard the horror stories of how the stimulus money was either wasted or has gone unspent, but this is a story of how it is being stolen, and the crooks go all the way to the White House.
As Harry Reid fought for his political life in last month’s Senatorial fight with Sharron Angle, he promised to bring 1000 jobs to Nevada in the form of a wind farm, that would be built by a Chinese company. It sounded too good to be true: A Chinese company actually bringing jobs to the United States. As it turns out, it was too good to be true This gets messy, stay with me here.
Continue reading Democrats Sending Stimulus Money to China
Call it greed, or call it foresight. Whatever you want to call it, the fee Barack Obama wants to level against banks ends up being a defacto tax on America. But of course he knew this. People off the street knew it would happen, so to suggest that the economic masterminds in the Obama [...]
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