Archive for April 14th, 2009

$11 Trillion Gross National Debt Meter & Tea Party (not incl $50 Trillion unfunded entitlements)

$11 Trillion Gross National Debt Meter & Tea Party

$11 Trillion Gross National Debt Meter & Tea Party


Pirates Don’t Tread on Me = U.S.A.

Pirates - Do Tread on USA !!!

Who Dares to Tread on the USA ???!!!

It would seem to me that the Governments, Corporations , Insurance Companies, Shipping Conglomerate’s / Lee ka Shing’s / Hutchinson Whampoa’s of the World could easily figure this one out. Let’s see we could call it the U.S. “Sea” versus “Air” Marshalls Services and pay them say a percentage of the Insurance Companies premiums to defend our U.S.A. (& Global Ships) with terminal/deadly force and satellite/high tech assistance. Sort of like the “Big Brother” machine can read our newspapers and movements of every one of us already. So why NOT implement the same resources for good ?

Besides there is a Global DEPRESSION (oops PMM = politically-Multi-Media-wise we are suppose to still use the word recession). So why not create a capitalist on the open market system of bidding for contracts renewable by the victims (end users) who are burdened to “self fund/insure” with these “new Anti-Piracy” Corporations ?

The “O” Generation’s 2 Step Forced U.S.A. Youth & Elderly Brigades


National service

bill to get Obama’s


By ANN SANNER, Associated Press Writer Ann Sanner, Associated Press Writer 52 mins ago

WASHINGTON – The AmeriCorps program started by President Bill Clinton will triple in size over the next eight years, and tens of thousands of other Americans will soon see new opportunities to give back to their communities.

It’s all part of a $5.7 billion national service bill President Barack Obama is scheduled to sign Tuesday to foster and fulfill people’s desire to make a difference, such as by mentoring children, cleaning up parks or building and weatherizing homes for the poor.

Bolstering voluntary public service programs has been a priority of Obama, who credits his work as a community organizer in his early 20s for giving him direction in life.

The White House said Monday that the president “will call on people across the country to serve their communities and work together to tackle the nation’s tough challenges.”

Obama is set to visit the SEED School of Washington, a public boarding school that serves inner-city students facing problems in both the classroom and at home, for the signing ceremony.

Congress passed the bill last month with largely bipartisan support and Obama is seeking $1.1 billion to fund it next year. Some Republicans complain it is too costly and is an unnecessary intrusion by government into something Americans already do eagerly and in great numbers — helping their neighbors and communities.

The legislation provides for gradually increasing the size of AmeriCorps to 250,000 enrollees from its current 75,000. It outlines five broad categories where people can direct their service: helping the poor, improving education, encouraging energy efficiency, strengthening access to health care and assisting veterans.

The bill also ties volunteer work to money for college.

People 55 and older could also earn $1,000 education awards by getting involved in public service. Those awards can be transferred to a child, grandchild or even someone they mentored.

Students from sixth grade through senior year of high school could earn a $500 education award for helping in their neighborhoods during a new summer program.

The bill is named for Sen. Edward M. Kennedy, D-Mass., who, with Sen. Orrin Hatch, R-Utah, has been its champion. Kennedy, who is being treated for brain cancer, is expected to attend the signing.


On the Net:


Corporation for National and Community Service:

Tea Parties & GOP & Libertarians & Constitution Parties Unite !!!


GOP hopes to build momentum behind ‘tea parties’
By SHANNON MCCAFFREY, Associated Press Writer Shannon Mccaffrey, Associated Press Writer Thu Apr 16, 6:30 am ET
ATLANTA – Republicans have lost their grip on Congress and the White House, but they claim to have American anger over taxes and the economy on their side as tens of thousands turned out for anti-tax “tea parties” around the country.

Wednesday’s rallies used the dreaded April 15 — the U.S. deadline to file income taxes — as a hook to vent about government spending and corporate bailouts in an homage to the Boston Tea Party.

The tea parties were promoted by FreedomWorks, a conservative nonprofit advocacy group based in Washington and led by former Republican House Majority Leader Dick Armey of Texas, who is now a lobbyist.

Organizers said the movement developed organically through online social networking sites such as Facebook and Twitter and through exposure on Fox News and promotion from conservative pundits and bloggers.

While FreedomWorks insisted the rallies were nonpartisan, they have been seized on by many prominent Republicans who view them as a promising way for the party to reclaim its momentum against President Barack Obama’s administration and other Democrats.

“All you have to be is a mildly awake Republican candidate for office to get in front of that parade,” said Grover Norquist, president of Americans for Tax Reform.

Some Republicans considering 2012 presidential bids and others with upcoming campaigns for state and congressional offices hitched a ride with the movement.

Former House Speaker Newt Gingrich took the podium in front of New York’s City Hall while the crowd of about 2,000 chanted, “We are America!”

He urged people to tell their lawmakers to vote against big spending or else “we’re going to fire you.”

As the former House speaker left after his 11-minute speech, passers-by yelled, “2012, Newt!” and “Run for president!” But when asked about a run, Gingrich shook his head emphatically and said, “I’m just part of a citizen movement.”

Another possible candidate, Louisiana Gov. Bobby Jindal, sent an e-mail to his supporters, letting them know about tea parties throughout the state. South Carolina Gov. Mark Sanford attended two tea parties.

“This is critically important, what you’re doing,” Kansas Republican Sen. Sam Brownback, a likely candidate for governor in 2010, told the crowd in Topeka. “You’ve got to keep it up.”

Texas Gov. Rick Perry, facing re-election next year, told protesters in Austin that officials in Washington have abandoned the country’s founding principles of limited government. He recently rejected $550 million in federal economic stimulus money slated to help Texas’ unemployment trust fund.

While the political implications of the rallies remain to be seen as Obama’s administration pursues its economic recovery plan, thousands of protesters turned out in loud and colorful ways to express their frustration with Obama and Washington in general.

Indianapolis small business owners Ben and Bree Finegan brought their two children to a local rally. Two-year-old Kate held a sign from her stroller reading, “In diapers & in debt.”

The crowd in Carson City, Nev., included a 5-year-old boy holding a sign that read, “My share of the national debt is $36,500.” Some wore cowboy hats with tea bags dangling from them.

In Boston, a few hundred protesters gathered on the Boston Common, a short distance from the original Tea Party in 1773. Some dressed in Revolutionary garb and carried signs that said “Barney Frank, Bernie Madoff: And the Difference Is?” and “D.C.: District of Communism.”

In Atlanta, thousands of people gathered outside the Capitol, where Fox News Channel conservative pundit Sean Hannity broadcast his show Wednesday night. One protester’s sign read: “Hey Obama you can keep the change.”

Julie Reeves, of Covington, Ga., brought her Chihuahua, Arnie, who wore a tiny anti-IRS T-shirt. “I want the government to get its hand the hell out of my wallet,” Reeves said.

Duncan Philp, of Carpenter, Wyo., carried a flag in Cheyenne reading “Don’t Tread on Me” and dragged a United Nations flag on the ground. Philp said he’s a member of the Wyoming Tyranny Response Team, a group dedicated to the Bill of Rights.

He said Congress ignored Americans’ request not to bail out financially troubled banks.

“Bush and Obama have done the same thing,” Philp said. “They’ve given out loans for money they don’t have.”

In Helena, Mont., protesters stomped on boxes labeled to represent various taxes, such as income and a proposal to tax carbon dioxide output.

“It’s a stepping stone to one day being able to tax you for the very air that you breathe,” said event organizer Jim Walker.

There were several small counter-protests, including one that drew about a dozen people at Fountain Square in Cincinnati. A counter-protester held a sign that read, “Where were you when Bush was spending billions a month ‘liberating’ Iraq?” The anti-tax demonstration there, meanwhile, drew about 4,000 people.

Some Democrats said the Tax Day rallies offered little substance.

“The Republicans are going to have to do more than their standard rhetoric about taxes in order to be successful. They need some new ideas,” said Brian Schatz, chairman of the Hawaii Democratic Party. “It’s a tired old line of attack.”


Associated Press writers who contributed to this report include Beth Fouhy in New York; Kelsey Abbruzzese in Boston; Terry Kinney in Cincinnati; Seanna Adcox in Columbia, S.C.; Kelley Shannon in Austin, Texas; Virginia Byrne in New York; Herbert A. Sample in Honolulu; Cathy Bussewitz in Carson City, Nev.; and Matt Joyce in Cheyenne, Wyo.


On the Net:

Small Banks Bail Out Big Banks…WHY ???





WASHINGTON – First they felt their reputations were stained by the financial meltdown. Now they’re paying a price they protest is unfair.

Small bankers are complaining loudly that they had nothing to do with the excesses of big Wall Street firms, freewheeling deals in the mortgage market and risky investments that precipitated the economic crisis.

Still, in the meltdown’s wake, community bankers find themselves under tighter scrutiny from federal regulators. They say the $700 billion financial bailout has favored large institutions. And they are upset about a special assessment the government wants to charge to shore up the Federal Deposit Insurance Fund, which failed banks are draining.

This all comes as the government, trying to stimulate the economy, is pleading with banks — big and small — to lend, lend, lend.

“People on the street should be interested because community banks account for 45 percent of all small business loans,” said Camden Fine, president of the Independent Community Bankers of America. “They really are the engines of Main Street, and if you have an overly aggressive and overly harsh examining atmosphere, then that causes the community banks to pull in their horns.”

“Criticism of loan portfolios in community banks has become so harsh that community bankers say, `I’ll just stop making loans until this thunderstorm passes,'” Fine said. He said small banks can turn to other revenue-making practices for a time and wait out the harsh examination environment.

The big bankers say banking examiners have become more prickly with them, too.

“We’re hearing from Congress that we need to lend and we’re hearing from examiners to shore up the balance sheets,” said Scott Talbott, senior vice president for government affairs at the Financial Services Roundtable, which represents large financial firms. “We are subject to incredible amounts of scrutiny.”

Bank consultant Bert Ely said he sees a disconnect between Washington and the banks across America. “The bankers are saying that they’re getting criticized on a lot of loans and that the examiners have gotten tougher,” Ely said. “Bankers are telling me that they are lending, but that a lot of the better borrowers don’t want to borrow — that people are pulling back, projects are getting postponed, people don’t want to buy a new car.”

Some small banks did get involved in risky lending practice that led to their demise. Other small banks were too weak to survive the recession. Most of the 40-plus banks that have failed since January 2008 had less than $10 billion in assets. But Fine said they represent only a fraction of the country’s 8,000 community banks.

He notes that more than $10 billion of the $17.8 billion in losses to the FDIC fund last year came from just one large bank — IndyMac in Pasadena, Calif. On the other hand, while Seattle-based Washington Mutual Inc. caused a loud thud in September when it became the largest U.S. bank failure, JPMorgan Chase & Co took it over. The deal was brokered by the FDIC and didn’t cost the deposit insurance fund a dime.

What’s really raised the ire of the community bankers, however, is the one-time, emergency assessment that all banks are being asked to pay to shore up the FDIC fund, which is struggling to back deposits in a rising number of failed institutions.

The FDIC board expects bank failures will cost the fund about $65 billion through 2013. The law requires the insurance fund to be maintained at a certain minimum level of 1.15 percent of total insured deposits. Bank failures have sliced the amount in the deposit insurance fund to $18.9 billion as of Dec. 31, the lowest level since 1987. That compares with $52.4 billion at the end of 2007.

“Why are community banks paying for the sins of Wall Street banks?” Dean Anderson, vice president of Lake Elmo Bank in Lake Elmo, Minn., wrote in one of thousands of protest letters the FDIC received over the assessment. “Some community banks will not survive this outrageous assessment. I know it will cost our institution almost $400,000 for this unbudgeted item. … The little guy is always the one who gets hammered and no one seems to care!”

Connie Rohde, vice president at Brenham National Bank in Brenham, Texas, wrote: “For years we community bankers have fiercely competed with the big guys for every deposit we could get to remain in business. These irresponsible banks were making the big profits, while we struggled to stay alive — honestly. And now you are demanding us to bail them out! Can you not feel our frustration?”

The new emergency premium, to be assessed on the 8,305 federally insured institutions on June 30, will be 20 cents for every $100 of their insured deposits. That compares with an average premium of 6.3 cents paid by banks and thrifts last year.

Fine said the problem with the FDIC assessment lies with how it’s calculated. It’s partly based on the amount of domestic deposits an institution needs insured. Fine said more than 85 percent of the money that a community bank uses to conduct its business is from domestic deposits while the percentage is much lower for larger banks.

“We’re getting the short end of the stick,” Fine said.

The assessment comes on top of an increase in regular premiums the FDIC charges institutions every year to insure regular accounts up to $250,000. Starting this month, the FDIC raised the regular insurance premiums to between 12 cents and 16 cents for every $100 in deposits, from a range of 12 cents to 14 cents.

Large banks don’t like the proposed FDIC assessment either, but they say every bank, regardless of size, must pay to insure their deposits. They say large banks already are putting more in the pot because some of the fees from two new programs aimed at easing the financial crisis are being diverted into the FDIC fund. And they point out that more small banks than big banks are failing and draining the fund.

“There is a statutory requirement for the FDIC that says they have to treat all institutions of every size fairly. You can’t disadvantage one over the other,” said Diane Casey-Landry, chief operating officer of the American Bankers Association, which represents both big and little banks. “The reality is that the losses in banks that have been failing and the banks that are slated to fail and cost the deposit insurance fund going forward unfortunately are community banks.”

The multibillion-dollar financial bailout is another touchy subject for the small bankers who say the program has favored big financial institutions over smaller community banks. A majority of the bailout money is in just about 10 percent of the banks, but it was the bigger institutions that were the first priority for the program.

“Community banks weren’t even allowed to try to get the money until about the first of the year,” Fine said. “I knew community banks that had applications pending for two and three months that didn’t hear anything.”

Now, however, some community banks have decided not to apply, and some are even giving bailout money back.


On the Net:

Independent Community Bankers of America:

American Bankers Association:

Federal Deposit Insurance Corp.:

Stop Foreclosure(s) Simply Ask “Produce My Note”


FBI’s Most Wanted Terrorist is American !!!


FBI’s newest ‘Most Wanted’ terrorist is American By DEVLIN BARRETT, Associated Press Writer Devlin Barrett, Associated Press Writer Tue Apr 21, 3:09 am ET WASHINGTON – For the first time, an accused domestic terrorist is being added to the FBI’s list of “Most Wanted” terror suspects. Daniel Andreas San Diego, a 31-year-old computer specialist from Berkeley, Calif., is wanted for the 2003 bombings of two corporate offices in California. Authorities describe San Diego as an animal rights activist who turned to bomb attacks and say he has tattoo that proclaims, “It only takes a spark.” A law enforcement official said the FBI was to announce Tuesday that San Diego was being added to the “Most Wanted” terrorist list. The official spoke on condition of anonymity because he was not authorized to discuss the announcement ahead of time. San Diego would be the 24th person on the list, and the only domestic terror suspect. FBI spokesman Richard Kolko declined to comment on the pending announcement. The move to add a domestic, left-wing terrorist to the list comes only days after the Obama administration was criticized for internal reports suggesting some military veterans could be susceptible to right-wing extremist recruiters or commit lone acts of violence. That prompted angry reactions from some lawmakers and veterans groups. An arrest warrant was issued for San Diego after the 2003 bombings in northern California of the corporate offices of Chiron Corp., a biotechnology firm, and at Shaklee Corp., a nutrition and cosmetics company. The explosions caused minor damages and no injuries. A group calling itself “Revolutionary Cells” took responsibility for the blasts, telling followers in a series of e-mails that Chiron and Shaklee had been targeted for their ties to a research company that conducted drug and chemical experiments on animals. Officials have offered a $250,000 reward for information leading to his capture, five times the reward amounts offered for other so-called eco-terrorists wanted in the U.S. In February, the FBI announced San Diego may be living in Costa Rica, possibly working with Americans or people who speak English in the Central American country. Law enforcement officials describe San Diego as a strict vegan who possesses a 9mm handgun. On his abdomen, he has images of burning and collapsing buildings. The FBI’s “Most Wanted” terrorist list is distinct from the much longer-running “Ten Most Wanted” list. Al-Qaida chief Osama bin Laden is on both. There is another American already on the list, but he is wanted for his work overseas for al-Qaida. Adam Yahiye Gadahn grew up in California but moved to Pakistan and works as a translator and consultant to al-Qaida. _____ On the Net: FBI wanted poster for San Diego:

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