<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>the snark side... &#187; trillion</title>
	<atom:link href="http://www.thesnarkside.com/tag/trillion/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.thesnarkside.com</link>
	<description>views of the world and random snarky-ness from a middle age white guy</description>
	<lastBuildDate>Fri, 12 Feb 2010 14:34:03 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.0</generator>
		<item>
		<title>broke and nothing to show for it&#8230;</title>
		<link>http://www.thesnarkside.com/broke-and-nothing-to-show-for-it/</link>
		<comments>http://www.thesnarkside.com/broke-and-nothing-to-show-for-it/#comments</comments>
		<pubDate>Wed, 24 Jun 2009 18:37:52 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[obama]]></category>
		<category><![CDATA[stimulus]]></category>
		<category><![CDATA[porkulus]]></category>
		<category><![CDATA[trillion]]></category>

		<guid isPermaLink="false">http://www.thesnarkside.com/?p=690</guid>
		<description><![CDATA[I&#8217;m no billionaire, but I must be a friggin genius. Along with millions of other concerned Americans, I knew the Porkulus was a big fat waste of time, energy, and most of all&#8230;.my money. So, when the guy with the fattest wallet says nope, no recovery you&#8217;ve got problems.  Do you remember how The One [...]]]></description>
			<content:encoded><![CDATA[<p>I&#8217;m no billionaire, but I must be a friggin genius.</p>
<p>Along with millions of other concerned Americans, I knew the Porkulus was a big fat waste of time, energy, and most of all&#8230;.<em>my money</em>.</p>
<p>So, when the guy with the fattest wallet says <a href="http://www.cnbc.com/id/31526130" target="_blank">nope, no recovery</a> you&#8217;ve got problems.  Do you remember how The One spouted off that he had the greatest financial minds behind him on the &#8220;stimulus&#8221; bill?  Warren Buffet was on that list, and he is a big Dem supporter.</p>
<p>Uh oh&#8230; Warren says he isn&#8217;t seeing the stimulus work.  No signs&#8230;</p>
<p><object width="400" height="380" data="http://plus.cnbc.com/rssvideosearch/action/player/id/1162566826/code/cnbcplayershare" type="application/x-shockwave-flash"><param name="name" value="cnbcplayer" /><param name="bgcolor" value="#000000" /><param name="src" value="http://plus.cnbc.com/rssvideosearch/action/player/id/1162566826/code/cnbcplayershare" /><param name="wmode" value="transparent" /><param name="allowfullscreen" value="true" /><param name="quality" value="best" /></object></p>
<p>Remember when Barry said&#8230;<a href="http://www.guardian.co.uk/world/2008/nov/25/barack-obama-recession-credit-crunch" target="_blank">&#8220;we do not have a minute to waste,&#8221;</a> people are losing jobs.  We can&#8217;t wait&#8230;  we need to &#8220;jolt&#8221; the economy.  Remember how Republicans begged for time to read the bill?  Then, of course, The One took four days off and signed it the next week.  Some urgency there big guy&#8230;</p>
<p>Now&#8230;.we&#8217;re broke, and we have nothing to show for it.  Well, except for higher unemployment and a stalled economy.  Oh&#8230;.and the higher taxes that are headed our way on top of the unfathomable debt.</p>
<p>OK&#8230;so, who wants to defend the actions of this administration and his puppet masters in the Congress?  Come on&#8230;</p>
<p>&#8230;anyone?</p>
]]></content:encoded>
			<wfw:commentRss>http://www.thesnarkside.com/broke-and-nothing-to-show-for-it/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>political math&#8230;</title>
		<link>http://www.thesnarkside.com/political-math/</link>
		<comments>http://www.thesnarkside.com/political-math/#comments</comments>
		<pubDate>Tue, 19 May 2009 19:32:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[obama]]></category>
		<category><![CDATA[stimulus]]></category>
		<category><![CDATA[porkulus]]></category>
		<category><![CDATA[trillion]]></category>

		<guid isPermaLink="false">http://www.thesnarkside.com/?p=592</guid>
		<description><![CDATA[I found this new blog through a Facebook post from another conservative.  It seems the idea has caught on and in a few short days, Political Math is gathering a handful of readers.  Its still a little rough around the edges, but I like the content. The videos and text are a great explanation of [...]]]></description>
			<content:encoded><![CDATA[<p>I found this new blog through a Facebook post from another conservative.  It seems the idea has caught on and in a few short days, <a href="http://politicalmath.wordpress.com/" target="_blank">Political Math</a> is gathering a handful of readers.  Its still a little rough around the edges, but I like the content.</p>
<p>The videos and text are a great explanation of how much money we&#8217;re hearing about these days.  There&#8217;s a saying in the world of marketing and advertising:</p>
<p><em>&#8220;It&#8217;s not what the numbers say, its what you say about the numbers&#8221; </em></p>
<p>The Obama administration, and especially the Big O himself, are <em>very good</em> at marketing.  Hell, without it we would have President McCain.  The point is, the Obama press conferences are filled with big numbers, confusing math, and flowery prose&#8230; and the media just nods in wonderment.</p>
<p>When you hear things like $100 million, yeah, its a hell of a lot of money.  But, relative to the total spending tab, it ain&#8217;t shit.  But they don&#8217;t tell you that.  They figure you&#8217;re too stupid to wrap your head around it.</p>
<p>Do not use past irresponsibility as an excuse to be more irresponsible.  Don&#8217;t use past mistakes to justify your future recklessness.  Don&#8217;t try to sugarcoat it in a convenient soundbite made for Twitter.</p>
<p>&#8230;but I digress.  Here, check out a video:</p>
<p><object width="425" height="344" data="http://www.youtube.com/v/cWt8hTayupE&amp;hl=en&amp;fs=1" type="application/x-shockwave-flash"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/v/cWt8hTayupE&amp;hl=en&amp;fs=1" /><param name="allowfullscreen" value="true" /></object></p>
]]></content:encoded>
			<wfw:commentRss>http://www.thesnarkside.com/political-math/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>aig bonuses&#8230;</title>
		<link>http://www.thesnarkside.com/aig-bonuses/</link>
		<comments>http://www.thesnarkside.com/aig-bonuses/#comments</comments>
		<pubDate>Wed, 18 Mar 2009 10:09:45 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[capitalism]]></category>
		<category><![CDATA[congress]]></category>
		<category><![CDATA[obama]]></category>
		<category><![CDATA[socialism]]></category>
		<category><![CDATA[stimulus]]></category>
		<category><![CDATA[taxes]]></category>
		<category><![CDATA[geithner]]></category>
		<category><![CDATA[porkulus]]></category>
		<category><![CDATA[trillion]]></category>

		<guid isPermaLink="false">http://www.thesnarkside.com/?p=294</guid>
		<description><![CDATA[I am absolutely infuriated&#8230;enraged&#8230;.pissed off&#8230;disgusted&#8230;there aren&#8217;t enough words to describe how I feel about this.  I have never witnessed a clearer example of the fox guarding the hen house. Of course I don&#8217;t like the bonuses on my tab&#8230;duh. There&#8217;s a bigger issue here that is is getting lost in the blind hatred for the [...]]]></description>
			<content:encoded><![CDATA[<p><strong><em>I am absolutely infuriated&#8230;enraged&#8230;.pissed off&#8230;disgusted&#8230;there aren&#8217;t enough words to describe how I feel about this.  I have never witnessed a clearer example of the fox guarding the hen house.</em></strong></p>
<p>Of course I don&#8217;t like the bonuses on my tab&#8230;duh.<strong><em> </em></strong>There&#8217;s a bigger issue here that is is getting lost in the blind hatred for the evil rich guys.<strong><em><br />
</em></strong></p>
<p>The actions that the Obama administration and the Democrats in the House and Senate have been taking relating to the AIG bonuses is a story that simply cannot be made up.  My god&#8230;these people need to be tried as criminals.  No, not the AIG guys&#8230;the so called &#8220;leaders&#8221; of this country.</p>
<p>While Obama comes out <em>sooooo</em> mad about the bonuses, he needs to look at his <strong><em>own </em></strong>people to point the blame.  The stance that these clowns are taking is blatant bullshit&#8230;.and they think you are too stupid to figure it out.  Let me help&#8230;</p>
<p>AIG is contractually obligated to hand out these bonuses&#8230; now Chris Dodd and Chuck Schumer want to tax the holy living crap out the bonuses in an effort to appear outraged.  Wait a second boys, let&#8217;s take a look at some history:</p>
<p>Chris Dodd (D-Conn) knew that such contracts existed while writing amendments to the <em>porkulus </em>bill.  His amendment to the Crap Sandwich (now a $787 billion &#8220;law&#8221;) provides an&#8230; <em>“<strong>exception for contractually    obligated bonuses agreed on before Feb. 11, 2009</strong>.”</em> Yeah, seriously, its in the Act.  Interesting&#8230; but wait, there&#8217;s more&#8230;</p>
<p><a href="http://www.opensecrets.org/orgs/recips.php?id=D000000123" target="_blank">AIG  has made donations</a> totaling millions of dollars to Senators and Representatives over the last few years.  Guess who is <em><strong>tops</strong> </em>on the list of recipients in 2008, to the tune of more than $100,000?  Yup&#8230;Chris Dodd.  You know who&#8217;s second, coming in a just a pinch less?  Big bad, Barry Obama.  Juicy&#8230; but wait, there&#8217;s more&#8230;</p>
<p>AIG has offices all over the world.  Guess where <a href="http://maps.google.com/maps?source=ig&amp;hl=en&amp;q=aig+financial+products&amp;ie=UTF8&amp;ll=41.137296,-73.429871&amp;spn=0.893611,1.801758&amp;z=9" target="_blank">AIG Financial is located</a>?  Yee-haww&#8230;. in Chris Dodd&#8217;s home state of Connecticut!</p>
<p><a href="http://www.opensecrets.org/orgs/toprecips.php?id=D000000163" target="_blank">Fannie Mae and Freddie Mac have made donations</a> totaling millions of dollars to Senators and Representatives over the last few years.  Guess who is tops on the list of recipients in 2008, to the tune of more than $40,000?  Yup&#8230;our prez&#8230;.Barack Obama.  You know who&#8217;s second?  Chris Dodd.  Hmmm&#8230; but, wait, there&#8217;s more&#8230;</p>
<p>AIG insured billions of dollars worth of loans and banks involving Fannie and Freddie.  AIG Financial traded the derivatives, as they had for years, on loans backed by Fannie and Freddie.  Fannie and Freddie exist to back home loans, protecting banks from default.  Of course, <em>we all know</em> Frank Raines, the former CEO of Freddie Mac begged Congress to loosen the lending guidelines to accommodate sub-prime borrowers.  Wait, you don&#8217;t know Frank?  Oh, well, he made almost $90 million as the head Freddie in six years.  He received nearly <a href="http://en.wikipedia.org/wiki/Franklin_Raines" target="_blank">$20 million in 2003</a> <strong><em>alone</em></strong> on <a href="http://seattletimes.nwsource.com/html/businesstechnology/2004358433_webraines18.html" target="_blank">overstated earnings</a> akin to the Enron fiasco (by the way, where&#8217;s the outrage here?).</p>
<p>Tim Geithner, our trusted, <a href="http://hotair.com/archives/2009/03/11/why-has-obama-neglected-treasury/" target="_blank">over-worked, under-staffed Treasury Secretary</a>, along with Hank Poulson, crafted the bailout to AIG last fall.  <a href="http://www.ft.com/cms/s/0/d2c5989e-bc12-11dd-80e9-0000779fd18c.html?nclick_check=1" target="_blank">AIG disclosed the bonus contracts last fall</a>.  There were no restrictions on the money handed to AIG&#8230;this was no surprise to the administration.  <em>The administration did nothing&#8230;</em> until that is, approval ratings began to drop.</p>
<p>Chuck Schumer (D-NY) chimed in and made some threats in a show of &#8220;holier than thou&#8221; antics.  Remember Chucky?  The guy who said <a href="http://www.youtube.com/watch?v=JEfICUoWKBw" target="_blank">America doesn&#8217;t care about pork</a>.  So let me get this straight&#8230; <strong><em>165 million out of 170 billion (less than 0.1%) is outrageous and disgusting&#8230; but a 100 billion in pork out of 787 billion (13%) is OK? </em></strong> Chuck, <em><strong>you</strong><strong></strong> </em>and your grandstanding<em> </em>are disgusting.</p>
<p><em>&#8220;Quick, we tapped out the hate Rush Limbaugh rhetoric, we need a new target to focus our liberal hate machine.  Seriously guys, ratings are dropping, people are waking up!  Timmy, stir up the AIG bonus scandal!&#8221;<br />
</em></p>
<p>Because the Dems and Obama were billed throughout 2008 as the <strong><em>only </em></strong>people who could possibly fix this mess that they supposedly inherited, I&#8217;m left with some questions:</p>
<p style="padding-left: 30px;">If these guys are so <em>damn </em>smart and they knew these bonuses were there, why didn&#8217;t they do something about this when handing out money?</p>
<p style="padding-left: 30px;">If they&#8217;re not so smart, how was such incompetence promoted to the highest offices in the land?  After all they&#8217;re handing out trillions of our dollars and they <em>should</em> be minding the store.</p>
<p style="padding-left: 30px;">Could this be a purposeful destruction of American capitalism in an effort to further promote a Socialist agenda?</p>
<p>Answer me that&#8230;</p>
]]></content:encoded>
			<wfw:commentRss>http://www.thesnarkside.com/aig-bonuses/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>how much money?</title>
		<link>http://www.thesnarkside.com/how-much-money/</link>
		<comments>http://www.thesnarkside.com/how-much-money/#comments</comments>
		<pubDate>Wed, 11 Feb 2009 20:05:12 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[congress]]></category>
		<category><![CDATA[obama]]></category>
		<category><![CDATA[politics]]></category>
		<category><![CDATA[stimulus]]></category>
		<category><![CDATA[pelosi]]></category>
		<category><![CDATA[porkulus]]></category>
		<category><![CDATA[reid]]></category>
		<category><![CDATA[trillion]]></category>

		<guid isPermaLink="false">http://www.thesnarkside.com/?p=3</guid>
		<description><![CDATA[The American Reinvestment and Recovery Act&#8230;AKA &#8230; The Stimulus Bill, the Generational Theft Act, the Porkulus, the Spendulus&#8230; $1,000,000,000,000 (yeah, that&#8217;s a TRILLION) of YOUR money. The Trinity of Taxation&#8230;Obama, Pelosi, and Reid&#8230;has just begun to pick apart you paychecks in the name of &#8220;spreading it around a little.&#8221; H.R. 1 is a sad statement [...]]]></description>
			<content:encoded><![CDATA[<p>The American Reinvestment and Recovery Act&#8230;AKA &#8230; The Stimulus Bill, the Generational Theft Act, the Porkulus, the Spendulus&#8230;</p>
<p>$1,000,000,000,000 (yeah, that&#8217;s a TRILLION) of YOUR money.</p>
<p>The Trinity of Taxation&#8230;Obama, Pelosi, and Reid&#8230;has just begun to pick apart you paychecks in the name of &#8220;spreading it around a little.&#8221;</p>
<p>H.R. 1 is a sad statement of leadership.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.thesnarkside.com/how-much-money/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>
