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White House Admits It Drew Up Bailout Months Ago
George Washington’s Blog
Wednesday, Sept 24, 2008
No one could have seen this coming, right?
Well, actually, the White House has admitted that they drew up the bail out plan months ago:
[White House Deputy Press Secretary Tony] Fratto insisted that the plan was not slapped together and had been drawn up as a contingency over previous months and weeks by administration officials. He acknowledged lawmakers were getting only days to peruse it, but he said this should be enough.
But the government did nothing real to prevent the financial meltdown. Instead, it let the meltdown happen, and now is trying to ram through terrible and counter-productive legislation drafted previously by using fear tactics.
Does this sound familiar? It should.
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24 Responses to “White House Admits It Drew Up Bailout Months Ago”
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September 24th, 2008 at 5:00 am
Democratic priority: letting judges rewrite mortgages to lower bankrupt homeowners’ monthly payments.
Of course this part of the discussion now was never intended as they really wanted to “Take it to the taxpayer” and never help the homeowner in a Crashing Housing Market. You see they feel your pain until you would like them to help everyone and not just thier CEO buddies over leveraged in the Banking Industry. Can you say, “Transfer of Wealth?”
September 24th, 2008 at 5:05 am
Drawing up the bail out papers, all the while telling the people that the economy is just fine, strong, no worries…
How can we even begin to follow how these evil minds work, let alone understand it. The only understanding I have is that they are intent on robbing everyone blind before bailing out of government. Ahh, bail out papers but for a different bail out.
September 24th, 2008 at 5:05 am
Just like the Patriot Act and Afghanistan attack plan…
It appears they DO do their homework…it’s why they’re ahead of the game…
September 24th, 2008 at 5:06 am
the upity ups knew years age, maybe even decades !!!!!!!!!!!
http://www.youtube.com/watch?v=P8fgAS0w9Q8
September 24th, 2008 at 5:08 am
In case they dont crown King Paulson
Take steps to insure you and family will be prepared against calamity. One must consider securing physical assets – food, metals, potable water, other critical supplies. If the true SHTF, you must be prepared or it is over.
September 24th, 2008 at 5:17 am
Stock Market is going to crash if we dont submit to this pre written BS to steal what little economic potential America has left. Thanks Bernake you will be remembered as a HERO years from now. Thanks
(Sarcasm)
September 24th, 2008 at 5:24 am
spread this you tube virally its on the front of http://www.gcnlive.com about paulson and the bailout, Alex jones http://www.youtube.com/watch?v.....nlive.com/ thanks very much call everyone in congress now. say no , hell no. April Gallop http://www.thepentacon.com
September 24th, 2008 at 7:14 am
This 700 billion is only going to serve as a temporary bandaid. If it fails, what else could they do? I’m afraid that the crash is likely coming as I don’t think the bailout will work for very long. The markets will figure out soon enough that they’re still in big trouble. This bailout will only deepen the hole that the economy is already in. Luckily Bernake attended the Bilderberg meeting outside of Washington this spring where I’m sure he received instruction on how to save America. Right…
I think the powers that be are only wondering if they’ve dug a big enough hole for their purposes so far. They want to see this thing be very bad and then we will be told of their REAL solution, one that is already sitting in a desk somewhere, in Rockefeller’s desk perhaps? This is not good…
September 24th, 2008 at 7:23 am
They “let it happen” just as they let 9/11 happen. I am of the opinion that 9/11 was not an “inside job” as there is too much evidence that it was an external, coordinated act of terror. But Bush and all those powers in the shadows knew and did nothing because they saw how perfect it would be to use as a pretext to occupy lands in the Middle East as well as to strip us all of our Constitutional rights, using “safety” and “national security” as a pretext for their police state. And just as they knew 9/11 was about to happen, they knew the economic crash was coming. In fact, the world bankers have been planning this for generations. And now they have their perfect storm, so now is their time to put their NWO in place. God help us all to prepare for the worst. And just in case some of you folks don’t know the endgame: this has all been prophesied in the Bible. It’s all there. Read it. The final event will be the second coming of Christ. If you have not turned your life over to Jesus Christ, you need to, or you will be most miserable going through the coming tribulation. It’s time to enter the ark, which is Christ.
September 24th, 2008 at 7:43 am
911 and downwards was all about knocking the middle men down.
its all bullshit. what is money? gold? gold is a rock? money is just a representation of labor.
slavery?
they are pushing all the upper teirs back down.
the economy isnt in trouble. it just wants to reclaim itself from middle men.
rest assured that this bullshit, and that what it is, complete bullshit, is just a guise to put up more barriers into the elite world of trading and so forth.
personally, i dont give a shit. born poor. will die poor. yall come down to my level after the feds take away your ill gotten earnings.
easy come, easy go. eat a big one you rich assholes.
ha.
September 24th, 2008 at 7:44 am
also, all this talk about nationalising the federal reserve and oil markets its just the first step to a corporate facist state.
September 24th, 2008 at 7:55 am
FDIC has only enough funds to cover about 20% off YOUR money sitting in the bank, and a LOT more banks are expected to fail over the next several months. Do you trust the that government will not pass legislation allowing only a limited amount or NONE of YOUR money to be withdrawn as the economy worsens and the banks get closer to failure? Guess what I’m doing?
September 24th, 2008 at 8:40 am
WOw , I am glad I stopping trusting the Government 2 decades ago !!!!!!!!!!!!!
September 24th, 2008 at 9:08 am
Everyone should watch that video in #7’s link on money, the illustrated video. It’s the first link and the 3 video down on that page. Send it to your friends and family. It’s a great education about the history of our money, and on our money supply, and very very eye opening.
September 24th, 2008 at 10:01 am
im sitting here watching berstinky he is a con man along the lines of pt barnum do these people really not get it or are they blind because it is more conveinent for them and their fat cat cronies whats the point of watching these people debate about 700 billion dollar bail out when the arguments they make miss the point completly bring back gold and silver
September 24th, 2008 at 11:21 am
Someone PLEASE ask him how many months…
September 24th, 2008 at 3:59 pm
I watched the House today on C-Span and I heard Paulson say that they should all stick together or they will al hang. I was shocked to hear this. He also said………….
Paulson acknowledged the burden taxpayers would bear from bailing out banks, while arguing inaction would make things worse. His proposal calls for increasing the U.S. debt ceiling to $11.315 trillion from $10.615 trillion.
“You ask me about whether taxpayers being on the hook,” he said. “Guess what, they’re already on the hook.”
This is insane, these asshole, devil worshiping, pieces of crap should ALL be going to jail, not seeking “golden parachutes”. We should throw them from a plane with NO parachutes.
How much more of this shit are we supposed to take????????
September 24th, 2008 at 4:58 pm
I’m getting ready to Fire Up the Ovens! There’s a hot, hot oven waiting for Paulson, Bernanke and their fellow-travelers.
September 24th, 2008 at 7:04 pm
=================================================================
> PLEASE FORWARD, POST, BLOG, TAG, COMMENT, AND SPRAY PAINT THIS
> EMAIL ON THE WALLS OF THE WORLD WIDE WEB.
> =================================================================
>
> Tim,
>
> The RTR team is closely monitoring the activity and discussion
> occurring concerning the emergency 700 Billion dollar bailout.
>
> Members of Wall Street are pointing fingers, the FBI has
> started investigations, FED Chairman Bernanke is acting like a
> unshaven homeless beggar with the shakes, Treasury Secretary
> Paulson is asking Congress to start a Nationwide Chipin… and
> the world is watching it all.
>
> While America is distracted trying to see who is pointing at
> who to blame, the members of the Freedom Movement all slowly
> turn our heads and extend our finger and point to the problem
> we have been screaming about for years… THE FEDERAL RESERVE!!!
>
> Ron Paul said today, “The claim that the market caused all
> this is so staggeringly foolish that only politicians and
> the media could pretend to believe it. But that has become
> the conventional wisdom, with the desired result that those
> responsible for the credit bubble and its predictable
> consequences- predictable, that is, to those who understand
> sound, Austrian economics – are being let off the hook. The
> Federal Reserve System is actually positioning itself as the
> savior, rather than the culprit, in this mess!”
>
> The Republican elite could have had their solution ride in on a
> white horse if they grew a spine and opened their ears and
> opened their doors to Ron Paul, but now they will be forced to
> stand in breadlines with the rest of us as we throw piles of
> cash into our furnaces to keep warm this winter.
>
> NOW IS THE TIME TO STRIKE WHILE THE IRON IS HOT.
>
> The national dialogue on every news network, in every newspaper,
> on every radio show is revolving around the bail out. Only a
> small few have stepped up and pointed at the FED as the source
> of the problem.
>
> Because we are not funded by corrupt FED money we exposed the
> truth back in our January issue of Republic Magazine, and Russo
> exposed the truth TWO YEARS AGO in “America: Freedom to Fascism”!
>
> Here is the course of action we must take as a movement today:
>
>
> Step One:
>
> Download and email the “Financial Collapse” issue of Republic
> Magazine to everyone you know to educate them on the SOURCE of
> the problem:
> http://www.republicmagazine.co.....azine4.pdf
>
> Order bulk hard copies of issue 4 for hand distribution by visiting:
> http://RepublicMagazines.com
>
> (only 5000 copies left)
>
>
>
>
> Step Two:
>
> Join us in the national protest to END THE FED on November 22nd
> by visiting and signing up at http://EndTheFED.us
>
>
>
>
> Step Three:
>
> Share the video link that exposes the Federal Reserve as a PRIVATE
> Bank FROM THEIR OWN MOUTH: http://MeetTheFED.com
>
>
>
>
> Step Four:
>
> Join JBS in their initiative to DEMAND a NO vote on the bail out:
>
> Tell Your Representative and Senators to Vote NO on the $700
> Billion Bailout Proposal
>
> September 23, 2008: Congress is poised to vote on an unprecedented
> $700 billion Wall Street bailout bill late this week.
>
> Congress must decide between:
>
> * Voting NO and allowing the free market to liquidate
> bad debts and unviable companies through allowing
> market prices to prevail; or
> * Voting YES and empowering the Treasury Department and
> Federal Reserve to provide bailouts for troubled
> financial institutions with $700 billion (more likely
> trillions of dollars) created out of thin air, leading
> to rampant inflation of the dollar at best and the
> destruction of the dollar at worst.
>
> Take Action! Email and/or phone your representative and
> senators immediately:
> http://capwiz.com/jbs/utr/1/BC.....2422893266
> Tell them to stand up for the Constitution, the free market,
> and the dollar by voting NO on the $700 billion Wall Street
> bailout bill.
>
> Take Action! Visit your congressman’s local office this
> Thursday (September 25th) in opposition to the $700 billion
> Wall Street bailout bill and to help get the ball rolling to
> End the Fed.
> http://capwiz.com/jbs/utr/1/BC.....2422893266
>
> Tell your representative and senators to stand up for the
> Constitution, the free market, and the dollar by voting NO
> on the $700 billion Wall Street bailout bill.
>
> =================================================================
> PLEASE FORWARD, POST, BLOG, TAG, COMMENT, AND SPRAY PAINT THIS
> EMAIL ON THE WALLS OF THE WORLD WIDE WEB.
> =================================================================
>
>
>
> Sent from the Freedom Movement Headquarters at:
>
> RestoreTheRepublic.com, 3149 Dundee Rd #176, Northbrook, Illinois 60062, USA
>
> To unsubscribe or change subscriber options visit:
> http://www.aweber.com/z/r/?LIx.....wsTBwsnA==
>
http://www.thepentacon.com april gallop alex jones
September 24th, 2008 at 10:12 pm
This is bullshit. We all are living and a modern version of the feudal system with us being the peasants and these arseholes being the lords. We should behead them all and start from scratch, but that’ll never happen because these satanist now have the protection of OUR ARMED FORCES! … You just gotta be able to sit back and laugh at it all. 2012 though…keep an eye out everybody 12-21-2012 to be exact….early afternoon!!!!!
September 25th, 2008 at 9:49 am
Hear so much about the misdeeds of politicians and their corporations but no one is smart or brave enough to take action? Understand now how Stalin, Hitler and etc. took over and ruled because everyone just watched and let it happen and these fools in Washington know that.
September 25th, 2008 at 12:53 pm
I was thinking about making TONS of copies of zeitgeist or loose change and on the anniversery of 9/11 putting out , in mailboxes, on cars, businesses EVERYWHERE. it’s great that you can find lots of information online about the REAL goverment but most people aren’t looking for it. I think zeitgeist is very informative but most people would turn it off in the beginning because of religious offense, so loose change may be better. however even if I did this I could only cover the small area that I live in. but if lots of people make copies and lots of people drop them off on 9/11 just think of how many people might wake up. I propose 9/11/09 what do you guys think?????/?
September 25th, 2008 at 3:34 pm
Yes, it does sound familiar. When 9/11 happened most of us did not know about the neoconservatives and their objectives of reshaping the Middle East and endless war . We did not know the Patriot Act and the Bush Doctrine[first the Wolfawitz Doctrine] had all been written before 9/11. Now we see the fear mongering so they can push through the Bailout plan, again at our expense. Why does John McCain even bother to call for a 9/11 type commisison to get to the bottom of the financial crisis. The first 9/11 commission really cracked the failures of that case. And I’m sure they tried to prevent the financial crisis as much as they tried to prevent 9/11.
September 25th, 2008 at 7:32 pm
Someone just build a time machine so i can go back in and slap myself for voting for Bush the first time! (Ignorance is piss!)