So, where did our money go when former U.S. Treasury Secretary Hank Paulson and the Bush Administration bailed out Wall St.? What did Wall St. do with our hard earned bucks?
Apparently Senators Kay Bailey Hutchison and John Cornyn support Senator Sander's (D-socialist) amendment. So, where were our right wing Texas Republican Senator and self-serving opportunists when the Bush Administration turned over our national treasury to Wall St., no questions asked?
Both will say they hated to do it and yet they did it because President Bush said they had no choice.
Did Senators Hutchison and Cornyn also support the Bush Administration's laws to deregulate the banking as well as the oil industries?
My post tonight is written in response to a comment posted below in a previous diary. I had charged (and continue to charge) the nationally syndicated cable TV "news" talk show host, Glenn Beck, with unrestrained and unabashed bigotry.
The video clip that I had posted below drew criticism from one who, like Rick Perry, stands by Glenn Beck.
The Beck supporter demanded that I show proof of Becks' bigotry and unfiltered racism.
At first I thought the Beck supporter was joking because one only has to view the Beck show on FOX cable TV for 10 seconds to understand the obvious. One can also view the you tube clips of Beckian bigotry and racism that pervade the Internet, many of which are uploaded on a vast number of blog sites, including those that shine a bright light on the cable and mainstream media hosts, pundits and their invited guests.
If none of the above could prove my point, I thought, surely Jon Stewart's renditions of the Glenn Beck show should have done the trick.
Wrong.
Jon Stewart cannot help a group that does not do nuance, indirect language or political satire.
So much for conservative grassroots movements and its grassrootsy competitors for teabagger cash like Grover Norquist, Newt Gingrich and Steve Forbes.
This should come as no surprise given the The York Times/CBS News poll reveals that of the 18% of Americans who identify themselves as teabaggers, the majority of them are Republican, wealthy, white, male and middle aged.
President Barack Obama recently agreed to give an interview with Faux Fixed News.
The outcome?
The predictable.
FOX clearly demonstrated its true colors.
Hint: Bret Baier showered W.'s butt with his kisses.
I guess the butt kissers and shills for the right wing at Faux Fixed News failed to grasp the hard reality that President Barack Obama won the Presidential election by a margin W. could have only dreamed about.
Obama did not need to shut down voter recounts anywhere to get elected. Nor did President Obama require a SCOTUS decision to get his job.
Thank you to sponsors for refusing to advertise on a cable "news" show that is nothing more than a propaganda arm for right wing extremism, hatred and racism.
The Republicans and their water carrying blustering blowhards in the conventional wisdom alternative universe bubble have been frantically working 24/7 to fabricate the perception that the federal stimulus program is not working.
Those Americans who reside outside the Republican and conventional "wisdom" bubble, i.e. Joe, Jose, Jane, Yolanda, Chen, Hui, Omar and Laqueesha (to name a handful) have a far different view of the federal stimulus program.
It seems that Republicans and the Party's blowhards ignored the recently released Congressional Budget Office report. Or perhaps the Republicans and its tools did not like what they read. Yikes, this stimulus can't work or we are dead. Change the message! If the government works we lose! No matter what, kill off any good news about the stimulus program! Who cares what happens to the average Jane and Joe Americans? WTF are they?! This is all about us and our ability to stockpile as much money for ourselves as we can! Heaven help us! Change the bleeping bleepity bleep message! Jeeze oh Pete - gin up a freaking war if need be!
The nonpartisan Congressional Budget Office said the $787 billion stimulus package approved in February lowered the nation's unemployment rate by between 0.3 and 0.9 percentage points while boosting the economy by between 1.2 percent and 3.2 percent. The analysis also found that three-quarters of the money provided in the stimulus had yet to be funneled into the economy by the end of September.
The report is a boost for the administration, which faced renewed questions last month over how many jobs the stimulus has produced after the Government Accountability Office said it found "significant" problems with the White House's tally. The administration has estimated the stimulus created or saved 640,329 jobs through October.
The report released yesterday "leaves no doubt that the economy would be in much worse shape if the recovery act had not been implemented," said House Education and Labor Committee Chairman George Miller, a California Democrat. "As the Obama administration and Congress continue to explore additional strategies to create jobs and build a foundation for long-term economic growth, it is critical to acknowledge the progress that has already been made."
