Despite Obama's spin, we are NOT profitable on TARP

No, we are not profitable on the bailouts. TARP has $123B to go before break even.  All told, the Taxpayers have a long way to go before we are break even. That’s before we count lost income from savings, bonds, etc., the increased costs of food stuff and energy due to inflation

How much will the TARP end up costing when everything's said and done? The short answer is that it's anyone's guess. The Congressional Budget Office put the toll at about $25 billion [17] in November. Part of the reason the projected cost is so low is actually the poor performance of the administration's foreclosure prevention programs [18], which seem likely to spend far less than the $50 billion initially set aside for them.
As the chart shows, we are far far from break even despite what the White House says:



Click to enlarge photo :

Sources:
Behind Administration Spin: Bailout Still $123 Billion in the Red
Paul Kiel

ProPublica, March 17, 2011, 10:27 a.m
http://www.propublica.org/article/behind-administration-spin-bailout-still-123-billion-in-the-red

Thanks to Governor Walker’s budget repair bill, Wisconsin’s public sector workers have reclaimed control over $72 million of their own money.

 Originally posted at the Alliance for Worker Freedom.

Wisconsin Governor Scott Walker’s recently signed budget repair bill could save government workers over $72 million, according to a release recently issued by his office. Despite the fact that government workers will contribute increased levels to their pension and healthcare plans (although the new amount is still small in comparison to other states, not to mention their private sector counterparts), “workers could make up much of the increased costs because their union dues would be optional.”

These dues are often staggering amounts. Here are some of the totals paid by state workers for the privilege of belonging to a public sector union:

• AFSCME- 23,000 workers pay $420 per year
• AFT Wisconsin- 17,000 workers pay $510 per year
• Professional Patient Care branch of the SEIU- 15,000 members pay between $192 and $864 per year
• Milwaukee Public School Teachers- 6,000 members pay $995 per year

The freedom to opt out of these ridiculous union dues grants Wisconsin’s workers greater control over how their hard earned dollars are spent, while simultaneously putting the state back on the path towards fiscal responsibility. It also ends the destructive cycle of the state taking workers’ money against their will to fund Big Labor political operations that use coercive tactics to elect those too afraid to confront a radical agenda head on. This cycle only further increases the cost of state government, making it like robbing Peter (the worker) to pay Paul (the union boss) to kick Peter while he is down and has already been mugged. Thanks to Governor Walker’s budget repair bill, Wisconsin’s public sector workers have reclaimed control over $72 million of their own money.

Democracy for me, none for thee

The crisis in Wisconsin has brought out the left wing moonbats in droves.One of the more infamous that are finding their way to Madison  is the corporate blackmailer Jesse Jackson. Jackson gave an interview to Fox News' Megan Kelly  video, in it he explains his twisted, distorted, self-serving views on democracy and why the Governor of Wisconsin' efforts to reign in out of control state spending by forcing government unions to make concessions is un-American, and Obama, Pelosi, and Reed were just doing what is right for the American people when the rammed through a a wasteful, pork laden health care bill down our throats. The thrust of  Jackson's reasoning is that people are dying  and suffering in America from being poor and and not having health care, while he fails, again, to mention the dying and suffering that goes on a daily basis in African-American communities from crime, drugs, broken families, fatherless children, or all the free health care that those criminals, drug dealers/users, and dead beat parents get daily that taxpayers must already subsidize. Nice to see that Jesse is still running, running away from reality.

Meanwhile the hypocrisy from the left wing mainstream media is becoming laughable. The mainstream media has managed to almost completely ignore the violence, thuggery, and ugly incidents committed by left wing union thugs, members, and supporters, in Madison, while they continue to warn us to beware of the  dangers
and threats we face from the right wing hate groups. Compare this video with the videos that were put out during the Tea Party rallies, as hard as they tried, the media could find nothing that compares to what you see on this video.

Interesting article, the readers smack down the writer, with some facts!

I came across an interesting link to an article yesterday while reading about the  Green Energy debacle in the LA community college's  that have wasted about $10 billion dollars  LA times article here

The link took me to an article written by an Obamabot Angus King  in Maine that is championing the "green energy" plan as the Obama administration envisions it, that is, take away all fossil fuel energy  by taxing it and driving up prices, and reusable energy alternatives will magically spring up to replace them, well the first part of the plan is working.

The article is typical propaganda and nothing to get excited about, actually it may make you ill. My enthusiasm was stirred in reading the comments section. The people are obviously much more rational, and educated on the topic than the writer, who supposedly is an ex-governor, and they tear him apart with the one thing a liberal can't stand FACTS !

Here is article here enjoy !

Busting the myth that unions are just poor working folk

While the lefties are busy blaming the wealthy and NOT the Unions for our financial problems, outside of the wacky world of liberal land, facts are being reported, such as; The Center for Public Integrity found compensation for leaders of the 10 largest unions ranged from $173,000 at the United Auto Workers to $618,000 at the Laborers’ International Union of North America and almost $480,000 for the president of the American Federation of State, County & Municipal Employees.

We ain't talkin no po folk here, and the members that go along for the ride take all their masters will hand out they don't give nothing back, ever ! This is money that should be put back into the productive sectors of our economy, not for fat cat union leader salaries and to elect Democratic politicians.

If you think Obama is concerned about the economy and jobs, think again. Obama has a goal of raising 1 billion dollars for the 2012 election campaign, he's lickin his chops looking at the money big labor is raking in, and it no secret why he supports unions, he sees in all going into his campaign fund, that's how much Democrats  and the Moron in the White House REALLY care about poor folk.


I noticed the media  has taken to using the term "unions" when much of the problem at this stage at least, involves government unions, just like with Immigration, just drop the parts you don't like to talk about, like illegal, and government, some things never change.