yes it was nice to work like the look more into the hands of health by admin…

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Okay, I’m gonna say what I think most people are thinking: This has nothing to do with “ability to track” anything, it has to do with the fact that the White House has become a gigantic propaganda machine, spinning out distorted data and misinformation to support the Obama administration position on whatever.

You’re never going to get the straight skinny from these people; it’s always going to cast whatever the current policy du jour is, in the most favorable light.

You let the Chicago Democrat machine into D.C., that’s what you’re going to get.

the liberal lottery

……

Wall Street was abuzz two days ago when the New York Stock Exchange closed above 10,000 points for the first time in over a year. There were people celebrating as if it was New Year’s Eve or a Mardi Gras Festival on Bourbon Street. I have no do…

First, the FDIC was writting larger and larger checks on an account that was already largely overdrawn.

Second, the methods they were using to “solve” these problems were not solutions.

Third, that behind the scenes, there had to be secret talks, pleadings, threats, etc., to get banks to play along, that were obvious to the skilled bankers that it was nothing more than a shell game.

Fourth, the public wants blood, so the government has been dangling Ken Lewis as a possible sacrifice to the mob. Other have been hinted at. But what did he do wrong? If they attempt to sacrifice him and it falls apart, will the emperor be shown to have no clothes.

Last week there were no FDIC takeovers. This week only

The Federal Deposit Insurance Corp. was appointed receiver of San Joaquin Bank, based in Bakersfield, Calif. It had $775 million in assets and $631 million in deposits as of Sept. 29.

I suspected that last weeks hiatus from closures was more than just a end of fiscal year turnover. I suspect now I was right

The FDIC is backed by the government, and deposits are guaranteed up to $250,000 per account. But the deposit insurance fund has fallen into the red. The FDIC board recently proposed to have U.S. banks prepay about $45 billion of their insurance premiums – three years’ worth.

That plan isn’t a long-term remedy for the depleted fund. But it would spare ailing banks the immediate cost of an alternative idea: paying an emergency fee for the second time this year. And the FDIC still has billions in loss reserves apart from the insurance fund.

I call BS on that last line. If they have billions in loss reserves then they are not in the red. And would not have to put the touch on the remaining banks for this advance payment scheme.

Like any thief or liar sooner or later the story simply does not add up. The FDIC is getting sloppy with their lies. This my friends is a real sign of our economic predicament. When the regulators lies are so apparent the end is really closer than we care to think about.

I think I smell something pathetically odd here.  We were promised that we would get 2.5 MILLION jobs, we lost 3.6 Million jobs but created 30,083 jobs.  What ……

Gaffes in federal reports this week about stimulus have called into question the government’s ability to accurately track how many jobs are being created by the massive $787 billion Recovery Act.

Oh so biden is running the show over there.

“We anticipated errors in the reporting and so informed many reporters beforehand,” said Edward Pound, spokesman for the Recovery Board. “This is the first time this kind of reporting is being done. These reports are being reviewed by federal agencies and recipients to catch any errors or problems.”

And the government wants us to believe that they will be better at policing Wall Street…..

On October 16th, 2009 at 6:05 pm,
Pasadena Phil said:
States will soon be forced to absorb a massive new unfunded federal mandate from what looks like will be a $2 trillion Obama/GOP-care bill. And the biggest states like CA, NY, NH and already bankrupt.

UMMMMM, not all states. Harry Reid is makin a provision to protect his state. He knows he is in trouble come election time so he is in heavy bribe mode. Of course, he can never make good on his promise; he is a liberal Democrat.