Look Out! It's a TARP!

TARP is really a typo. It should be called TRAP because that’s what it is. Last year the Bush administration called together the heads of the top banks in the country and made all of them take TARP money whether they needed it or not. Those who politely refused were threatened with 5 year audits. By taking the money the government gained preferred stock in those companies and were able to order the bank execs around. Here is one example:

The US government threatened to eject the entire board of Bank of America if the firm pulled out of a $50bn (£34bn) take­over of troubled Merrill Lynch in December, according to new documents set to inflame a bitter shareholder dispute at America’s wealthiest bank.

In potentially explosive testimony to regulators, Bank of America’s chief executive, Ken Lewis, has claimed the US treasury ordered him to press ahead with a buyout of Merrill and to keep quiet about the Wall Street brokerage’s mounting losses.

Lewis’s account was revealed today in a letter to Congressional law­makers from New York’s attorney general, Andrew Cuomo, who has raised concern that Bank of America’s shareholders were kept in the dark about liabilities inherited from Merrill.

Some banks want out of the TARP deal and have offered to pay back the money. The Obama administration has refused. And wants to convert their stock to general stock giving them more control and power over the banks. In effect, they are socializing the banks in a covert way. They are trying to control the financial side of the economy just as they are trying to nationalize the energy side, through excessive regulations.

Further, TARP is becoming a huge criminal enterprise as all massive federal bailouts become. The amount of fraud and corruption is already setting is alarm bells.

The Obama administration is using the economy as an excuse to do the inexcusable. They’re borrowing Trillions from the Chinese, which is like borrowing from the Mafia, and creating a deficit larger than the US GDP. While they do that, theyre hamstrining our financial sector, taking it over and doing the same to large sectors of the energy and manufacturing economies.

It’s all a disaster in the making.

UPDATE: Is TARP a criminal enterprise? Major duh.

Gore's Conflicts of Interest

10 Questions Gore should have been asked today when he testified to congress. The fact is, Gore has a huge conflict of interest in preaching global warming. He wants to get rich off it and already has made millions. Any increase in “climate change” regulations will only benefit people like Gore which is why they are such big proponents of green technology.

It’s frankly a classic example of government fraud that they wouldn’t let Lord Monckton speak. But then, it shows you what a scam the whole business is.

UPDATE: Check out the Global Warming Skeptics Handbook

Earth Day Predictions 1970

Thank goodness Earth Day is over so maybe we can be spared those lame PSAs they kept running on every TV show. Seeing Jack Bauer talk about going green made me want to torture some terrorists. Anyway, the Green Alarmists are nothing new. Here’s a sampling of some Earth Day predictions from 1970. Sound familiar?

“We have about five more years at the outside to do something.”
• Kenneth Watt, ecologist

“Civilization will end within 15 or 30 years unless immediate action is taken against problems facing mankind.”
• George Wald, Harvard Biologist

“We are in an environmental crisis which threatens the survival of this nation, and of the world as a suitable place of human habitation.”
• Barry Commoner, Washington University biologist

“Man must stop pollution and conserve his resources, not merely to enhance existence but to save the race from intolerable deterioration and possible extinction.”
• New York Times editorial, the day after the first Earth Day

“Population will inevitably and completely outstrip whatever small increases in food supplies we make. The death rate will increase until at least 100-200 million people per year will be starving to death during the next ten years.”
• Paul Ehrlich, Stanford University biologist

“By…[1975] some experts feel that food shortages will have escalated the present level of world hunger and starvation into famines of unbelievable proportions. Other experts, more optimistic, think the ultimate food-population collision will not occur until the decade of the 1980s.”
• Paul Ehrlich, Stanford University biologist

More hilarity here.

The Solution

This video is exactly what I think should be done. We need to strip government back to basics and start over. This time with limits placed in the constitution that the government must be restructured every time it gets larger than 15% of the GDP. Right now it’s 25%.

Idiot of the Day

Let’s say this slowly: the Bush administration wanted to use 9/11 as a pretext to invade Iraq, even though Iraq had nothing to do with 9/11. So it tortured people to make them confess to the nonexistent link.

Paul Krugman, NY Times

Yes, the NY Times is a propaganda rag. The sooner it falls the better.

American Idol 7

It was disco night, but oddly enough few of the Idols did disco renditions of their chosen songs. Instead, most of them altered their songs to be more personal to their style and in most cases it worked really well.

First up was Lil Rounds doing “I’m Every Woman” by Chaka Khan. I don’t really feel that’s a disco song as it came after disco. And it doesnt have a disco beat. But anyway, she did a good job. The problem is, the judges berated her for not making it her own. Simon said she’s out tomorrow. We’ll see.

Kris did a magnificently original take on Donna Summer’s “She Works Hard for the Money” on an acoustic guitar. Both I and the judges really loved it. While it did not get called the best of the night. I preferred it over Adam’s song because it seemed more real to me. Kris seems more like a natural guy, very unpretentious, yet very sure of himself and original. I think he really stepped up his game tonight.

Danny Gokey did Earth Wind and Fire’s “September” with the usual professional and pitch perfect styling. The guy is a real pro. Simon felt his performance wasn’t great. I don’t look at it as harshly as Simon, but I do think he is weaker than Adam in that department. But Danny is a masterful singer.

Allison did a very interesting version of Donna Summer’s “Hot Stuff”. Once again, if you did not know she was 16, you’d think she was a confident 30 year old veteran of music. She is amazing.

Adam did the “If I Can’t Have You” from the Saturday Night Fever soundtrack as a very impassioned, almost pleading version. It really moved the judges and the audience. I thought it was great, but I prefer Kris’s cover because Adam is very theatrical which either works for you for not. I’m more into the music than the performance. But whatever, Adam is safe. It’ll be him against someone else in the finals fpr sure unless there is a surprise upset like there was with Chris Daughtry. I don’t think they will allow that this time, though.

Matt did “Staying Alive” which is a good choice for Idol because the song’s title and lyrics can sometimes work to the psychology of the judges and the audience. He got general praise by Simon dissed him. I thought it was good but not as inspired as the one’s before.

Finally, Anoop did “Dim All the Lights” by Donna Summer. Again, his own version. Very, very good. I didn’t like the way it ended. But all the judges love dit except Simon who said it wa one of Anoop’s worst. I have no idea what his problem is, but I think he was trying to hurt the chances of the people he likes the least.

The judges seem to have given up on Lil Rounds, as they have not given her any props in weeks. So she may be out tomorrow. My guess is Matt will go with her. Or Anoop. My money’s on Matt.

Well, it was Anoop and Lil Rounds. Matt seems to have a resurgence of popularity. I can’t believe Allison was in the bottom 3. She may not be as secure as I thought. I can’t believe some of the sites calling America racist because they voted off the dark skinned contestants. I mean, Allison is Hispanic, even though she’s not that dark. Probably because she stays out of the sun. But seriously, several sites I checked are making the racist claim. Stupid.