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RUSH ARCHIVE: The TARP money was not used for its original purpose. There's something else out there, Jordan, you need to know. The Federal Reserve, before the TARP bailout, made loans totaling $2 trillion and they will not tell us to whom. We don't know who got the money. Whether the Fed loans it or the government prints it, it's our money. So you can talk about the $700 billion TARP. You can talk about the $787 billion stimulus. That's nothing compared to the amount of money that the Federal Reserve lent people at the same time: $2 trillion. We don't know where it went and they will not tell us.
RUSH: Well, we now know that it wasn't $2 trillion. We know it was a little over $3 trillion and we know where it went now. Finally we know where some of it went. "The Federal Reserve revealed details yesterday of trillions of dollars in emergency aid that it gave to US and foreign banks and to nonbank companies ranging from General Electric to Harley-Davidson during the financial crisis." So let me pause for just a second. We go to California and we look at all of the unfunded pension liabilities for the teachers, public employees unions, Teamsters, and the same thing in Illinois and in New York. We have people who have been living on federal dollars, people who have been living well on the public dole. Humongous lifestyles.
GE borrowed $16 billion! GE borrowed a total of more than $16 billion. Now, in the case of General Electric, let's connect some dots. The CEO of GE is Jeffrey Immelt. Jeffrey Immelt sits on one of Obama's economic commissions. CNBC is owned by General Electric. That business news channel has been obviously in the tank for Obama and regime economic policy since he was sworn in. General Electric has been big in this "green" technology movement and every other week it seems all of GE from NBC to CNBC to MSNBC "goes green." Now we find out that the regime found its way on the General Electric board in a sense.
When you end up lending this kind of money to private industry, you end up on their board, and you have a say-so in how their company is run. It's socialism. You don't have to go to the board meetings but this is Marxian. It's right out of Karl Marx. I know you start accusing these people of being socialists people laugh. "Ah, come on, Rush. That's insane talk. That's the talk of kooks." It may be but it's what it is. When Obama or anybody he wants to appoint essentially sits on the GE board and when GE doesn't care and there's this situation? It's very, very troubling, ladies and gentlemen. To try to understand all this I sought the counsel of Mike Munger who is the Director of the Philosophy, Politics, and Economics program at Duke University.
Now, here are some more details: "New documents show that the most loanand other aid for U.S. institutions over time went to Citigroup ($2.2 trillion)..." $2.2 trillion to a bank? followed by Merrill Lynch ($2.1 trillion), Morgan Stanley ($2 trillion), Bear Stearns ($960 billion), Bank of America ($887 billion), Goldman Sachs..." Goldman Sachs? What do they need any money for? They were bailed out twice! They got this and they got money via AIG. Well, now, what is a little schlub like me supposed to make of this? Well, what I make of this is cap and trade. Somebody is gonna benefit from the "trades" if we actually do start trading carbon credits
Tit for tat, tit for tat, lets divide and conquer and title our threads to make people hate and angry. Fact is we are being screwed by both sides, just take a look at what Obama is doing and explain how the Democrats are fiscally responsible or how its even a fair comparison.
Where are all you Liberal Marxist hacks,
Ignore the truth, right, no response to facts.
Should of been easy, I am quoting Limbaugh.
they have added less to the deficit than Rs
Tit for tat, tit for tat, lets divide and conquer and title our threads to make people hate and angry. Fact is we are being screwed by both sides, just take a look at what Obama is doing and explain how the Democrats are fiscally responsible or how its even a fair comparison.
Rush says it best
Is Anything Real? Trillions in Secret Fed Payments Revealed
RUSH ARCHIVE: The TARP money was not used for its original purpose. There's something else out there, Jordan, you need to know. The Federal Reserve, before the TARP bailout, made loans totaling $2 trillion and they will not tell us to whom.
they have added less to the deficit than Rs
they have added less to the deficit than Rs
Your full of shit, as usual...
Bush Deficit vs. Obama Deficit in Pictures | The Foundry: Conservative Policy News.
Obama Shatters Spending Record for First-Year Presidents - FoxNews.com
Obama Spent More Than Every President COMBINED!
Limbaugh is very good at what he does. What he does is provide simple explanations which appeal to the emotions of simple people. Blame others, never oneself; all things liberal/progressive are evil, all things conservative are blessed. All harm has been done by the Democrats, no harm has been done by Republicans.
He 'reports' on events using Pathos, not Logos (not that any fan of his would know or understand the difference).
Democrats are the most fiscally irresponisble
Well at least they do not generally claim to be otherwise.
And fiscal responsibility is not one of their party's platform planks.
they have added less to the deficit than Rs
Your full of shit, as usual...
Bush Deficit vs. Obama Deficit in Pictures | The Foundry: Conservative Policy News.
Obama Shatters Spending Record for First-Year Presidents - FoxNews.com
Obama Spent More Than Every President COMBINED!
