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Archive for January 12th, 2013

What John Lennon Said About Happiness and Life

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The Reagan and Bush tax cuts gave more money to the rich to buy even more politicians than they could before those tax cuts. The 1 percent purchased 80 percent of the Democratic Party, which they really didn’t need since they already owned the Republican Party. They’ve used their politicians to enact legislation that redistributes income from the 99 to the 1 percent.

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Matt Taibbi of Rolling Stone has once again exposed the banksters, Obama, Bush, the liars and the thieves in a marvelous piece of investigative journalism that we will never get from the corporate mainstream press. This time his story is about the distribution of the TARP bailout, which would have done this nation a ton of good if it had never happened. Taibbi tells us below what occurred with the bailout.

“So what exactly did the ($700 billion Tarp) bailout accomplish? It built a banking system that discriminates against community banks, makes Too Big to Fail banks even Too Bigger to Failier, increases risk, discourages sound business lending and punishes savings by making it even easier and more profitable to chase high-yield investments than to compete for small depositors. The bailout has also made lying on behalf of our biggest and most corrupt banks the official policy of the United States government. And if any one of those banks fails, it will cause another financial crisis, meaning we’re essentially wedded to that policy for the rest of eternity – or at least until the markets call our bluff, which could happen any minute now.”

Click the link below for the complete story.

Secrets and Lies of the Bailout

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