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Sunday, July 22, 2012 Dear Henry Kroll, For obvious reasons, there will be no Front Sight Joke of the Week this weekend. Instead, I would like you to forward this e-mail to everyone you know and ask them to forward it to everyone they know. Politicians, city officials and businesses who support "Gun Free Zones" are killing us with their lunacy. Albert Einstein defined insanity as doing the same thing over and over and expecting a different result. Well let's ask our elected officials, opinion leaders, the news media, and those businesses who support the insanity of gun control and "Gun Free Zones" how many more Americans are they willing to kill by continuing to disarm responsible, trained citizens WHO CAN STOP a deranged gunman BEFORE he can massacre disarmed and helpless citizens? How many MORE times are our elected officials going to pass gun control laws, enforce "Gun Free Zones" or consider signing an Arms Treaty to circumvent our cherished Second Amendment and expect a different result than what we received at the midnight showing of The Dark Knight Rises? It is INSANITY to believe that more gun control will make us safer. Criminals, terrorists, and the deranged DO NOT follow gun control laws. Never have and never will. Any politician, opinion leader, news pundit, or business owner who thinks otherwise is the poster child for Albert Einstein's definition of insanity. And while you are at it, ask the 50 or more who were wounded and the hundreds who feared for their lives in that "Gun Free Zone" theatre if they would have liked to have had a gun of their own to protect themselves and those around them when a madman walked right in and started shooting? NOBODY could stop him, because there wasn't another gun, a LIFE SAVING GUN, in that theatre! Ask your elected officials, opinion leaders, the news media, and those businesses who support the insanity of gun control and "Gun Free Zones" when they are going to wake up, get smart, look at the data, look at the statistics, look in the mirror and realize they are WRONG... DEAD WRONG about guns? When are they going to admit to themselves that they are KILLING Americans with ignorance and gun control schemes? It is no secret, due to so many real world examples that are readily available for everyone to see on the Internet, that when you have an armed, trained, responsible citizen in a public place EVERYONE IS SAFER and such murderous rampages as have occurred countless times in "Gun Free Zones" just can't happen. Here is just one of hundreds of such examples. You likely never saw this last week in your newspapers or on your local news because a responsible, armed, trained citizen was present and took care of the threat immediately. As a result it was a "non story" for the media. No blood, no tears, no wailing families who lost loved ones, no reason for reporters to look sad and reflective as they describe the carnage as many ways as they possible can for days and days, while playing the scene of the mass murder over and over and over again. Nope, there was no tragedy here. Just one responsible citizen with a gun taking care of a social problem and saving everyone around him BECAUSE HE WAS ARMED! Make sure EVERYONE sees this... We still have a choice in America. We can either remain free and safe by throwing out our insane, elected officials who continue to support gun control in spite of all evidence that it is a dismal failure or we can sit on our hands, doing nothing and watch another criminal or nut case who could care less about gun control laws and “Gun Free Zones” kill another group of helpless, disarmed victims. We still have a choice in America. We can refuse to support businesses that enforce the insanity of "Gun Free Zones" and throw our support to the those businesses that recognize everyone is safer if responsible, trained employees and customers alike are allowed to carry a concealed weapon to protect themselves from those who attempt to terrorize and murder. You still have a choice in America. Exercise your choice and make sure everyone you know sees this e-mail blog and encourage each person you know to send it to everyone they know. There are currently 532,876 of you subscribing to my blog. If each of you exercise your choice and send this to everyone you know, asking each person you know to do the same, very quickly, everyone in American will know what you know, causing the harsh light of truth to expose the insanity of those who support gun control and enforce murderous "Gun Free Zones." I'm doing my part, please do your part. Together we truly make a positive difference. Sincerely, Dr. Ignatius Piazza Founder and Director Front Sight Firearms Training Institute 7975 Cameron Drive, #900 Windsor, CA 95492 http://www.frontsight.com info@frontsight.com 1.800.987.7719 | |
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Tuesday, July 24, 2012
Saturday, July 21, 2012
A GOOD IDEA
What do you all think about this concept?
By Craig Andresen
It’s going to be an ugly campaign.
We all know it and we’re ready for it, but it’s going to be the ugliest, nastiest and dirtiest campaign in history.
Why NOT take the early lead?If Romneyt takes this advice, it will send a clear message to the Republican establishment that conservatives aren’t going to do business as usual any more. It would shake the establishment and pull together conservative voters.
He would pull together the conservative vote.
Here is a little something else this would do… It would shake the Obama campaign to its core.
As soon as the 1,144 delegates are in hand, WHOEVER garners them either at the convention or before… put this into motion.
R ather than a leisurely march toward a VP nominee or a surprise VP announcement like we got in 2008, vet the possible VPs NOW and stand ready to announce the running mate in a nationally televised press conference the day after the delegates are in hand.
Make the VP choice Allen West.
Having Congressman West in the VP slot makes him a TRIPLE THREAT and a VP who WILL redefine the role. Triple threat? As the Vice President he would attend to the regular duties and be a heartbeat away from the presidency. As Vice President, West would also act as a second Secretary of State in difficult diplomatic negotiations. AND… A Vice President West would work in concert with the Secretary of Defense to realign our military and redefine its role.
Triple threat!
Oh, but this is just the START of the strategy!As soon as the Presidential nominee has introduced West as the running mate… THE NOMINEE WOULD THEN INTRODUCE HIS SECRETARY OF STATE NOMINEE… John Bolton.
As a former Ambassador to the United Nations there is nobody with a better handle on the world’s issues or more familiar with the players. John Bolton is tough, straight forward and not likely to appease ANYONE.Now, you have the nominee on stage, the VP choice and the Secretary of State nominee… Let’s not stop there.
Next to walk onto the stage…Sarah Palin… Nominee for Secretary of Energy.
Palin’s directive… Set us on the path toward energy independence in 10 years. Can you think of a better choice? Anyone more invested in that goal? Anyone who is more knowledgeable or adept? I don’t.Can you feel the ground starting to shake?
Next out of ts and onto the stage… The nominee for Secretary of Defense. Enter… General David Petreaus.
As great as he was fighting a Politically C orrect (PC) war, imagine what he’ll be like once he and West have pressed the reset button on our rules of engagement. In Petraeus we will have a Secretary of Defense whose mission will be to win. PERIOD!
Oh… I’m not done yet. Next up… The nominee for Attorney General… Pam Bondi.
Bondi, Attorney General of Florida, is a no nonsense fighter who has taken on the current administration over Obamacare and WILL clean out the corruption rampant in that office today. Okay, where are we? Who is now standing on the stage? The Presidential nominee and Allen West… John Bolton… Sarah Palin…General Petreaus and Pam Bondi.
How about a Secretary of the Treasury? We would need someone who has worked for YEARS in the tax field who understands the overwhelming burden of tax codes and who has, for years fought to restructure those codes.
Welcome Michele Bachmann to the stage… The nominee for Secretary of the Treasury.
By now, fissures should be opening in the ground, rumbling coming from the sky and the faint odor of brimstone should be in the air.
We will need someone new with new ideas to head up the Fed. Please welcome Ron Paul. Yes, I realize this, under Paul, will be a temporary position; but somehow, I doubt Ron Paul wants to make a career of running the Fed.
Secretary of the Interior? Governor Bobby Jindal of Louisiana … COME ON DOWN!
And finally… We need someone to head up the Department of Homeland Security. We must have someone who understands the issues we face. Someone who has worked in federal law enforcement. Someone who won’t take any crap from anybody.
Please… a round of applause for… Sheriff Joe Arpaio,
Maricopa County , AZ.
Were the GOP nominee to do this… call a press conference and make such an announcement… it would be unprecedented. Never before has a presidential nominee entered the full-on campaign with a fully assembled team.
Can you IMAGINE the shock-and-awe wave that would be sent through the Obama campaign were the GOP nominee to do this?
Think about it!
From the word GO it would be unlike any previous presidential campaign.
Instead of simply Nominee X against Obama we would have Nominee X vs Obama…
Congressman Allen West vs
. Joe Biden…
John Bolton vs. Hillary Clinton…
Sarah Palin vs. Stephen Chu…
General Petreaus vs. Leon Panetta…
Pam Bondi vs. Eric Holder…
Michele Bachmann vs. Tim Geitner…
Ron Paul vs. Ben Bernake…
Bobby Jindal vs. Ken Salazar…
Sheriff Joe Arpaio vs. Janet Napolitano.
Think about that… Let that sink in… All campaigning at once. There would be no way out for Obama as each and every key player on his team would be exposed and held to account from the word GO.
It would be a full on frontal assault and Obama would have no place to hide.
By adopting this proposal, Obama would be forced into a pot of boiling water or into the fire. If he tried to rid himself of baggage he would be exposed as running from his own record and that of the very people he’s been standing behind for political expediency. If he stays with them, he would be forced to defend them. Boiling water or a raging fire… his choice.
It’s bold, brash and completely against the establishment business as usual strategy. It’s earth shaking!
An entire assembled team of key cabinet positions… Each one a pitbull on a T-Bone… hammering their liberal counterparts on every issue, every day, from the word GO, untilNovember 6th, 2012.
We will have to play the cards we’re dealt with the GOP nominee, but tell me THIS strategy wouldn’t go a LONG way toward bringing the conservative voters together. Tell me this strategy wouldn’t pull in and appeal to independents.
As voters, using THIS strategy, we would be voting for the whole team rather than just the standard, business-as-usual Presidential 2-person ticket.
SHARE THIS ARTICLE FAR AND WIDE!!!
conclusions.
For God and Country,
Lynn Childs, Secretary, Tea Party Chairman, Federal Watchdog/Webmaster
Coastal Carolina Taxpayers Association (CCTA)
Serving Craven, Carteret, Pamlico and Jones Counties , NC
Cell: 252-402-0333
lynn.ccta@gmail.com http://www.cctaxpayers.com
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Note: CCTA is a non partisan organization. We do not endorse any particular candidate or political party. News items are presented for you the reader to help you become informed and reach your own
Friday, July 20, 2012
Troops Ordered To Kill All Americans
Troops Ordered To Kill All Americans Who Do Not Turn In Guns
http://www.youtube.com/watch?v=FyfkQkchlu4
Obama said he would sign this treaty Make this go viral
--
Have a great day
Sir Richard James, McDonald
KNYAZ Cte MKSJ KOC KR PhD JD LLD
He has made Judges dependent on his Will
alone, for the tenure of their offices, and the amount
and payment of their salaries.
He has erected a multitude of New Offices, and sent hither
swarms of Officers to harass our People, and eat out their
substance
The rights of the individuals are restricted only to the
extent that they have been voluntarily surrendered by the
citizenship to the agencies of government.
City of Dallas v Mitchell, 245 S.W. 944
Sir Richard James, McDonald
http://www.state-citizen.org/
Join our Citizenship Educational program
(818) 703-5037 voice
Tuesday, July 17, 2012
CLAIM OF RIGHT
The Universal Declaration of Human Rights
(Adopted by UN General Assembly Resolution 217A (III) of 10 December 1948)
Whereas recognition of the inherent dignity and of the equal and inalienable rights of all members of the human family is the foundation of freedom, justice and peace in the world,
Whereas disregard and contempt for human rights have resulted in barbarous acts which have outraged the conscience of mankind, and the advent of a world in which human beings shall enjoy freedom of speech and belief and freedom from fear and want has been proclaimed as the highest aspiration of the common people,
Whereas it is essential, if man is not to be compelled to have recourse, as a last resort, to rebellion against tyranny and oppression, that human rights should be protected by the rule of law,
Whereas it is essential to promote the development of friendly relations between nations,
Whereas the peoples of the United Nations have in the Charter reaffirmed their faith in fundamental human rights, in the dignity and worth of the human person and in the equal rights of men and women and have determined to promote social progress and better standards of life in larger freedom,
Whereas Member States have pledged themselves to achieve, in cooperation with the United Nations, the promotion of universal respect for and observance of human rights and fundamental freedoms,
Whereas a common understanding of these rights and freedoms is of the greatest importance for the full realization of this pledge,
Now, therefore,
The General Assembly
Proclaims this Universal Declaration of Human Rights as a common standard of achievement for all peoples and all nations, to the end that every individual and every organ of society, keeping this Declaration constantly in mind, shall strive by teaching and education to promote respect for these rights and freedoms and by progressive measures, national and international, to secure their universal and effective recognition and observance, both among the peoples of Member States themselves and among the peoples of territories under their jurisdiction.
All human beings are born free and equal in dignity and rights. They are endowed with reason and conscience and should act towards one another in a spirit of brotherhood.
Article 2
Everyone is entitled to all the rights and freedoms set forth in this Declaration, without distinction of any kind, such as race, color, sex, language, religion, political or other opinion, national or social origin, property, birth or other status. Furthermore, no distinction shall be made on the basis of the political, jurisdictional or international status of the country or territory to which a person belongs, whether it be independent, trust, non-self-governing or under any other limitation of sovereignty.
Article 3
Article 4
No one shall be held in slavery or servitude; slavery and the slave trade shall be prohibited in all their forms.
Article 5
Article 6
Article 7
All are equal before the law and are entitled without any discrimination to equal protection of the law. All are entitled to equal protection against any discrimination in violation of the Declaration and against any incitement to such discrimination.
Article 8
Everyone has the right to an effective remedy by the competent national tribunals for acts violating the fundamental rights granted him by the constitution or by law.
Article 9
Article 10
Everyone is entitled in full equality to a fair and public hearing by an independent and impartial tribunal, in the determination of his rights and obligations and of any criminal charge against him.
Article 11
1. Everyone charged with a penal offence has the right to be presumed innocent until proved guilty according to law in a public trial at which he has had all the guarantees necessary for his defence.
2. No one shall be held guilty of any penal offence on account of any act or omission which did not constitute a penal offence, under national or international law, at the time it was committed. Nor shall a heavier penalty be imposed than the one that was applicable at the time the penal offence was committed.
No one shall be subjected to arbitrary interference with his privacy, family, home or correspondence, nor to attacks upon his honour and reputation. Everyone has the right to the protection of the law against such interference or attacks.
Article 13
1. Everyone has the right to freedom of movement and residence within the borders of each state.
2. Everyone has the right to leave any country, including his own, and to return to his country.
1. Everyone has the right to seek and to enjoy in other countries asylum from persecution.
2. This right may not be invoked in the case of prosecutions genuinely arising from non-political crimes or from acts contrary to the purposes and principles of the United Nations.
1. Everyone has the right to a nationality.
2. No one shall be arbitrarily deprived of his nationality nor denied the right to change his nationality.
1. Men and women of full age, without any limitation due to race, nationality or religion, have the right to marry and to found a family. They are entitled to equal rights as to marriage, during marriage and at its dissolution.
2. Marriage shall be entered into only with the free and full consent of the intending spouses.
3. The family is the natural and fundamental group unit of society and is entitled to protection by society and the State.
1. Everyone has the right to own property alone as well as in association with others.
2. No one shall be arbitrarily deprived of his property.
Everyone has the right to freedom of thought, conscience and religion; this right includes freedom to change his religion or belief, and freedom, either alone or in community with others and in public or private, to manifest his religion or belief in teaching, practice, worship and observance.
Article 19
Everyone has the right to freedom of opinion and expression: this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.
Article 20
1. Everyone has the right to freedom of peaceful assembly and association.
2. No one may be compelled to belong to an association.
1. Everyone has the right to take part in the government of his country, directly or through freely chosen representatives.
2. Everyone has the right of equal access to public service in his country.
3. The will of the people shall be the basis of the authority of government; this will shall be expressed in periodic and genuine elections which shall be by universal and equal suffrage and shall be held by secret vote or by equivalent free voting procedures.
Everyone, as a member of society, has the right to social security and is entitled to realization, through national effort and international co-operation and in accordance with the organization and resources of each State, of the economic, social and cultural rights indispensable for his dignity and the free development of his personality.
Article 23
1. Everyone has the right to work, to free choice of employment, to just and favourable conditions of work and to protection against unemployment.
2. Everyone, without any discrimination, has the right to equal pay for equal work.
3. Everyone who works has the right to just and favourable remuneration ensuring for himself and his family an existence worthy of human dignity, and supplemented, if necessary, by other means of social protection.
4. Everyone has the right to form and to join trade unions for the protection of his interests.
Everyone has the right to rest and leisure, including reasonable limitation of working hours and periodic holidays with pay.
Article 25
1. Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing and medical care and necessary social services, and the right to security in the event of unemployment, sickness, disability, widowhood, old age or other lack of livelihood in circumstances beyond his control.
2. Motherhood and childhood are entitled to special care and assistance. All children, whether born in or out of wedlock, shall enjoy the same social protection.
1. Everyone has the right to education. Education shall be free, at least in the elementary and fundamental stages. Elementary education shall be compulsory. Technical and professional education shall be made generally available and higher education shall be equally accessible to all on the basis of merit.
2. Education shall be directed to the full development of the human personality and to the strengthening of respect for human rights and fundamental freedoms. It shall promote understanding, tolerance and friendship among all nations, racial or religious groups, and shall further the activities of the United Nations for the maintenance of peace.
3. Parents have a prior right to choose the kind of education that shall be given to their children.
1. Everyone has the right freely to participate in the cultural life of the community, to enjoy the arts and to share in scientific advancement and its benefits.
2. Everyone has the right to the protection of the moral and material interests resulting from any scientific, literary or artistic production of which he is the author.
Everyone is entitled to a social and international order in which therights and freedoms set forth in this Declaration can be fully realized.
Article 29
1. Everyone has duties to the community in which alone the free and full development of his personality is possible.
2. In the exercise of his rights and freedoms, everyone shall be subject only to such limitations as are determined by law solely for the purpose of securing due recognition and respect for the rights and freedoms of others and of meeting the just requirements of morality, public order and the general welfare in a democratic society.
3. These rights and freedoms may in no case be exercised contrary to the purposes and principles of the United Nations.
Nothing in this Declaration may be interpreted as implying for any State, group or person any right to engage in any activity or to perform any act aimed at the destruction of any of the rights and freedoms set forth herein.
CONCEALED CARRY
Everyone should spend a little time reading the F_B_I Uniform Crime Report. Fascinating what you'll find there. For example, ordinary citizens shoot and kill 5 times more criminals than policemen do. While doing so, they also only shoot a third as many innocent bystanders as policemen do. Ergo, we ordinary citizens are 5 times more effective than policemen at law enforcement, and 3 times less dangerous to the public while doing so.
And think about this: a number of years ago, the supreme Court ruled that no policemen can be held accountable for failing to protect someone because THAT IS NOT ONE OF HIS DUTIES. Their duty is to protect property!
Nuff said!
Saturday, July 14, 2012
HOME OWNER SUE BANK SERVICES AND OFFSHORE HAVENS...
Subject:
Home Owners Sue All Bank Servicers and Their Offshore Havens; US Attorneys General Jump On The Lieborgate Bandwagon; 900,000+ Lawsuits To Follow, And What Happens Next?
Date:
Fri, 13 Jul 2012 07:10:06 -0500
http://www.marketwatch.com/story/home-owners-across-the-nation-sue-all-bank-servicers-and-their-offshore-havens-spire-law-officially-announces-filing-of-landmark-lawsuit-2012-04-23
Home Owners Across the Nation Sue All Bank Servicers and Their Offshore Havens; Spire Law Officially Announces Filing of Landmark Lawsuit
Largest International Money Laundering Network in History Formed During Obama Administration; U.S. Banks' Theft of Home Owners' Money Laundered Through Cayman Islands, Isle of Man and Numerous Offshore-Based Affiliates
NEW YORK, NY, Apr 23, 2012 (MARKETWIRE via COMTEX) -- In a lawsuit alleged to involve the largest money laundering network in United States history, Spire Law Group, LLP -- on behalf of home owners across the Country -- has filed a mass tort action in the Supreme Court of New York, County of Kings. Home owners across the country have sued every major bank servicer and their subsidiaries -- formed in countries known as havens for money laundering such as the Cayman Islands, the Isle of Man, Luxembourg and Malaysia -- alleging that while the Obama Administration was publicly encouraging loan modifications for home owners, it was privately ratifying the formation of these shell companies in violation of the United States Patriot Act, and State and Federal law. The case further alleges that through these obscure foreign companies, Bank of America, J.P. Morgan, Wells Fargo Bank, Citibank, Citigroup, One West Bank, and numerous other federally chartered banks stole hundreds of millions of dollars of home owners' money during the last decade and then laundered it through offshore companies. The complaint, Index No. 500827, was filed by Spire Law Group, LLP, and several of the Firm's affiliates and partners across the United States.
Far from being ambiguous, this is a complaint that "names names." Indeed, the lawsuit identifies specific companies and the offshore countries used in this enormous money laundering scheme. Federally Chartered Banks' theft of money and their utilization of offshore tax haven subsidiaries represent potential FDIC violations, violations of New York law, and countless other legal wrongdoings under state and federal law.
"The laundering of trillions of dollars of U.S. taxpayer money -- and the wrongful taking of the homes of those taxpayers -- was known by the Administration and expressly supported by it. Evidence uncovered by the plaintiffs revealed that the Administration ignored its own agencies' reports -- and reports from the Department of Homeland Security -- about this situation, dating as far back as 2010. Worse, the Administration purported to endorse a 'national bank settlement' without disclosing or having any public discourse whatsoever about the thousands of foreign tax havens now wholly owned by our nation's banks. Fortunately, no home owner is bound to enter into this fraudulent bank settlement," stated Eric J. Wittenberg of Columbus, Ohio -- a noted trial lawyer, author and student of US history -- on behalf of plaintiffs in the case.
The suing home owners reveal how deeply they were defrauded by bank and governmental corruption -- and are suing for conversion, larceny, fraud, and for violations of other provisions of New York state law committed by these financial institutions and their offshore counterparts.
This lawsuit explains why loans were, in general, rarely modified after 2009. It explains why the entire bank crisis worsened, crippling the economy of the United States and stripping countless home owners of their piece of the American dream. It is indeed a fact that the Administration has spent far more money stopping bank investigations, than they have investigating them. When the Administration's agencies (like the FDIC) blew the whistle, their reports were ignored.
The case is styled Abeel v. Bank of America, etc., et al. -- and includes such entities as ML Banderia Cayman BRL Inc., ML Whitby Luxembourg S.A.R.L. and J.P Morgan Asset Management Luxembourg S.A. -- as well as hundreds of other obscure offshore entities somehow "owned" by federally chartered banks and formed "under the nose" of the Administration and the FDIC.
Commenting further on the case, Mr. Wittenberg stated: "As if it is not bad enough that banks collect money and do not credit it to homeowners' accounts, and as if it is not bad enough that those banks then foreclose when they know they do not have a legally enforceable interest in the realty, we now learn that they have been operating under unbridled free reign given by the Administration and some states' Attorneys General in formulating this international money laundering network. Now that the light of day has been shined on it, I believe we can all rest assured that the beginning of the end of the bank crisis has arrived."
All United States home owners may have the right to bring a lawsuit of this kind if they paid money to a national bank servicer during the years 2003 through 2009.
One lawyer impacted by the corruption -- Mitchell J. Stein, who formerly represented the FDIC, the RTC and the FSLIC during the Savings and Loan scandal of the 1990s, and who predicted all of the foregoing in open court two years ago -- commented: "Two years ago, I remarked in open court to a Los Angeles Superior Court Judge, as well as to legislators including Senator Dianne Feinstein's office during a multitude of in-person meetings, that the ongoing violations of the Patriot Act by these financial institutions was outrageous and a breach of the public trust of unprecedented proportions," said Stein.
"The size and scope of this misconduct -- stretching to far-away islands never before having standing as approved United States Bank affiliates -- is remarkable and emblematic of what we have seen," he continued. "The bank crisis represents the height of corruption and brazen behavior where our historically trusted financial institutions have no qualms about breaking the law, because they have the Administration behind them. Banks do well enough when they operate lawfully without needing to be permitted to operate as criminal enterprises that steal money from United States citizens."
Additional plaintiffs' counsel Nicholas M. Moccia commented: "Having been in the trenches of the bank crisis for years, I always knew that the misconduct was being conducted by a network. When I started litigating against banks, however, I could have never imagined that it would be this extensive. I look forward to taking discovery of these thousands of obscure foreign entities and to obtaining for homeowners their constitutionally entitled injuries for this international ring of theft and deception."
Comments were requested from the Attorney Generals' offices in NY, CA, NV, and MA and the White House, but no comment was provided.
About Spire Law Group
Spire Law Group, LLP is a national law firm whose motto is "the public should be protected -- at all costs -- from corruption in whatever form it presents itself." The Firm is comprised of lawyers nationally with more than 250-years of experience in a span of matters ranging from representing large corporations and wealthy individuals, to also representing the masses. The Firm is at the front lines litigating against government officials, banks, defunct loan pools, and now the very offshore entities where the corruption was enabled and perpetrated.
Contact:
James N. Fiedler, Esq.
Managing Partner
Spire Law Group, LLP
877-475-2448
Email Contact
[[[[[[[[[[[[[[[[[[[[[[[[[]]]]]]]]]]]]]]]]]]]]]]]]]]]
http://www.zerohedge.com/news/us-attorneys-general-jump-lieborgate-bandwagon-900000-lawsuits-follow
US Attorneys General Jump On The Lieborgate Bandwagon; 900,000+ Lawsuits To Follow, And What Happens Next?
Submitted by Tyler Durden on 07/11/2012 21:00 -0400
The second Barclays announced its $450 million Libor settlement, it was all over - the lawyers smelled not only blood, but what may be the biggest plaintiff feeding frenzy of all time. Which is why it was only a matter of time: "State attorneys general are jumping into the widening scandal over whether banks tried to manipulate benchmark international lending rates, a move that could open a new front against the top global banks. A handful of state attorneys general said they are looking into whether they have jurisdiction over the banks, and are starting preliminary discussions to determine what kind of impact the conduct involving the Libor rate may have had in their states."
From Reuters:
"Our office is aware of the allegations around the manipulation of the Libor, and we are working with other state agencies to determine whether Massachusetts has suffered any losses as a result," a spokesman for Massachusetts Attorney General Martha Coakley said. A spokesman for Florida Attorney General Pam Bondi said his office is aware of the recent settlement reached by British bank Barclays with U.S. and UK authorities and "will look at the case to the extent that our office might have any jurisdiction in the matter."
A spokeswoman for the Massachusetts transportation authority, MassDOT, said the agency "is actively investigating its portfolio for the purpose of determining if it was underpaid on its bonds due to the brewing Libor situation," as are many other issuers of debt whose rate is governed by Libor.
Lawyers for several states have had early discussions about whether they might pool investigative resources and launch a broader, multi-state effort, but no formal consortium has been established yet, people familiar with the discussions said. New York might be expected to lead such an effort, since most of the banks' U.S. operations are based there. A spokesman for the New York attorney general declined comment on whether the issue is being looked at.
Some municipalities, including the city of Baltimore, and funds including the Frankfurt-based Metzler Investment GmbH, which manages 47 billion euros ($59 billion) in assets, have already sued more than a dozen banks, arguing they were bilked of potentially billions of dollars.
How many potential lawsuits are we talking about here? Quite a bit in fact as the FT explains:
There are at least 900,000 outstanding US home loans indexed to Libor that were originated from 2005 to 2009, the period the key lending gauge may have been rigged, investigators have said. Those mortgages carry an unpaid principal balance of $275bn, according to the Office of the Comptroller of the Currency, a bank regulator.
Also, as explained here before, not only is this a legal bonanza, but it will be a political feast for the Congressional circus to earn numerous C-SPAN brownie points.
“I think the US government should be just as aggressive in getting to the bottom of this scandal as the United Kingdom has been,” said Senator Sherrod Brown, chair of the bank regulatory subcommittee on the Senate banking committee.
“This was not isolated to London, but affected tens of millions of investors, borrowers and taxpayers in our country as well,” Mr Brown added.
What does the above mean?
1) Starting today and going forward, there will be numerous essays, "analyses" and white papers, all of which will try to estimate (some on a paid basis) the damages and impact of the Libor manipulation that took place at least in the period under discussion 2005-2009. All of these will be absolutely wrong, as nobody has any clear idea of how the cumulative impact of the Libor rate, which may have been pushed below either lower or higher depending on how it suited a given BBA-member bank, over a period of years will have impacted hundreds of trillions in partially offsetting notional securities. Therefore, while one day it may have led to impairments, another day it would benefit the end-holder of a given interest-rate sensitive product. But they will try. And the bigger the number, the better, which leads us to...
2) The lawyers will crawl out of the woodwork like worms after a torrential downpour, and will all be willing to work on contingency, telling potential clients they are owed thousands, nay, millions based on such and such analysis. All they need is to have held a mortgage, or a credit card, or any variable interest liability in the 4 years in question. And to sign the dotted line.
3) The resulting lawsuits, most of which in class action format, will be of gargantuan proportions, simply to encourage settlement, as ongoing litigation will easily destroy the financial system. The litigation reserves at the TBTF banks will explode and will cause years of EPS writedowns. But at least they will be one-time charges, so the stocks don't get crushed too much. That said, forget any growth out of the banking sector, and certainly the 16 BBA member banks, all of whom are about to be sued to smithereens in civil suits as more and more banks step up and settle to avoid criminal prosecution.
4) The biggest irony is that the torrent of upcoming suits will be in effect targeting none other than the Fed. Because while banks which all were massively levered to even a one basis point move in Libor were very sensitive to the smallest variations in 3 month USD libor, end-clients who did not have this leverage were far less impaired. But that doesn't matter: after all the same clients were impaired through gross borderline criminal negligence which is all that matters in a court of law (assuming the honorable judge John Roberts is not presiding pro hac vice). Thus the entity that will be sued by proxy is the Federal Reserve, whose Federal Funds rate is really the setter for the baseline Libor rate. Note the chart below which shows that over the past decade, the 3M USD Libor and the Fed Funds rate were virtually interchangeable:
Yet while it was the Fed's decisions at the bottom of it all, unless someone implicates the Fed or the BOE further, both will get away scott free: after all what they do is public policy, for the public good and to defend their various appointed mandates. And neither pushed banks to manipulate their rates (even if both were well aware there was gambling going on here), or so they claim, even when presented with evidence to the contrary.
What will really happen, is that the private banks, having been bailed out by the central banks at the taxpayers' dime, will now serve as a buffer to protect these same institutions from rising popular anger, not just at Lieborgate, but Robosigning, Robosettlement, CDOs, rehypothecation, High Frequency Trading, toxic assets marked-to-unicorns, the end of Mark-to-Market, ZIRP, NIRP, expert networks, insider trading, MF Global, and countless other examples of what happens when financial fraud is let loose with no fear of consequence in a Bernanke Put world.
As a result, the status quo will literally buy itself a few more years as it delays the tipping point by any means necessary, in the process kicking back a little to politicians, lawyers, and the general public in exchange for a few years of subpar earnings for bank shareholders that should have been wiped out back in 2008 anyway. And everyone will be happy.
That's how Lieborgate will play out.
Average:
4.916665
Tuesday, July 10, 2012
BEST POLITICAL JOKE OF THE SEASON
George Bush, Queen Elizabeth, and Vladimir Putin all die and go to hell.
While there, they spy a red phone and ask what the phone is for.
The devil tells them it is for calling back to Earth.
Putin asks to call Russia and talks for 5 minutes. When he is finished the devil informs him that the cost is a million dollars, so Putin writes him a
check.
Next Queen Elizabeth calls England and talks for 30 minutes. When she is finished the devil informs her that the cost is 6 million dollars, so she writes him a check.
Finally George Bush gets his turn and talks for 4 hours. When he is finished the devil informs him that the cost is $5.00.
When Putin hears this he goes ballistic and asks the devil why Bush got to call the USA so cheaply.
The devil smiles and replies, " Since Obama took over , the country has gone to hell, so it's a local call."
Monday, July 9, 2012
FEDERAL JUDGE BANS OBAMA FROM DETAINING CITIZENS INDEFINITELY
Sorry, Mr. President. A US Federal judge has clarified a decision made last month with some news sure to upset the Obama administration: the White House cannot use the NDAA to indefinitely detain American citizens.
Judge Katherine B. Forrest has answered a request made by US President Barack Obama last month to more carefully explain a May 16 ruling made in a Southern District of New York courtroom regarding the National Defense Authorization Act. Clarifying the meaning behind her injunction, Judge Forrest confirms in an eight-page memorandum opinion this week that the NDAA’s controversial provision that permits indefinite detention cannot be used on any of America's own citizens.
Last month Judge Forrest ruled in favor of a group of journalists and activists whom filed a suit challenging the constitutionality of Section 1021 of the NDAA, a defense spending bill signed into law by President Obama on New Year’s Eve. Specifically, Judge Forrest said in her injunction that the legislation contained elements that had a "chilling impact on First Amendment rights” and ruled that no, the government cannot imprison Americans over suspected ties with terrorists.
"In the face of what could be indeterminate military detention, due process requires more,” said the judge.
The Obama administration responded nine days later by asking Judge Forrest to reconsider her ruling, adding that, in the interim, the government would interpret the injunction to mean that only the few plaintiffs listed on the lawsuit would be excluded from indefinite detention. One of those named, journalist Chris Hedges, had previously said, “I have had dinner more times than I can count with people whom this country brands as terrorists … but that does not make me one.”
Responding to the White House’s demands, Judge Forrest writes in a June 6 memo, “Put more bluntly, the May 16 order enjoined enforcement of Section 1021(b)(2) against anyone until further action by this, or a higher, court — or by Congress. This order should eliminate any doubt as to the May 16 order’s scope.”
Judge Forrest does include in her ruling, however, that Americans can be indefinitely detained, but only providing that the government can link suspects directly to the September 11 terrorist attacks.
Attorney Carl Meyer represented the plaintiffs in the lawsuit and told RT last month that he expected the Obama administration to challenge Judge Forrest’s ruling, but warned that “it may not be in their best interest because there are so many people from all sides of the political spectrum opposed to this law.”
Previously, state lawmakers in both Utah and Virginia have proposed legislation that would negate provisions of the NDAA on a local level.
Friday, July 6, 2012
How Obama and cronies end up billionaires...
Subject: Connecting the Money Trail
Shorebank Scam ---- A MUST READ
So . . . you think you know quite a bit about Obama. You don't know anything yet. Read all of this as it all comes together in the last part...a must read.
THIS WILL BLOW YOUR MIND!!! You may want to invest in this bank. Looks like a winner. This is an interesting story put together from various articles and TV shows by the British Times paper. It shows what Obama and his friends are really all about. It's not hope and change, it is money.
I warn you, the first part is a little boring, but stick with it. The second part connects all the dots for you (it will open your eyes). The end explains how Obama and all his cronies will end up as multi-billionaires. (It's definitely worth the read. You will not be disappointed).
A small bank in Chicago called SHOREBANK almost went bankrupt during the recession. The bank made a profit on its foreign micro-loans (see below) but had lost money in sub-prime mortgages in the US. It was facing likely closure by federal regulators. However, because the bank's executives were well connected with members of the Obama Administration, a private rescue bailout was arranged. The bank's employees had donated money to Obama's Senate campaign. In other words, ShoreBank was too politically connected to be allowed to go under.
ShoreBank survived and invested in many "green" businesses such as solar panel manufacturing. In fact, the bank was mentioned in one of Obama's speeches during his election campaign because it subjected new business borrowers to eco-litmus tests.
Prior to becoming President, Obama sat on the board of the JOYCE FOUNDATION, a liberal charity. This foundation was originally established by Joyce Kean's family which had accumulated millions of dollars in the lumber industry. It mostly gave funds to hospitals, but after her death in 1972, the foundation was taken over by radical environmentalists and social justice extremists.
This JOYCE FOUNDATION, which is rumored to have assets of 8 billion dollars, has now set up and funded, with a few partners, something called the CHICAGO CLIMATE EXCHANGE, known as CXX. It will be the exchange (like the Chicago Grain Futures Market for agriculture) where Environmental Carbon Credits are traded.
Under Obama's new bill, businesses in the future will be assessed a tax on how much CO2 they produce (their Carbon Footprint) or in other words how much they add to global warming. If a company produces less CO2 than their allotted measured limit, they earn a Carbon Credit. This Carbon Credit can be traded on the CXX exchange. Another company, which has gone over their CO2 limit, can buy the Credit and "reduce" their footprint ad tax liability. It will be like trading shares on Wall Street.
Well, it was the same JOYCE FOUNDATION, along with some other private partners and Wall Street firms that funded the bailout of ShoreBank. The foundation is now one of the major shareholders. The bank has now been designated to be the "banking arm" of the CHICAGO CLIMATE EXCHANGE (CXX). In addition, Goldman Sachs has been contracted to run the investment trading floor of the exchange.
So far so good; now the INTERESTING parts.
One ShoreBank co-founder, named Jan Piercy, was a Wellesley College roommate of Hillary Clinton. Hillary and Bill Clinton have long supported the bank and are small investors.
Another co-founder of Shorebank, named Mary Houghton, was a friend of Obama's late mother. Obama's mother worked on foreign MICRO-LOANS for the Ford Foundation. She worked for the foundation with a guy called Geithner.
Yes, you guessed it. This man was the father of Tim Geithner, our present Treasury Secretary, who failed to pay all his taxes for two years.
Another founder of ShoreBank was Ronald Grzywinski, a cohort and close friend of Jimmy Carter.
The former ShoreBank Vice Chairman was a man called Bob Nash. He was the deputy campaign manager of Hillary Clinton's presidential bid. He also sat on the board of the Chicago Law School with Obama and Bill Ayers, the former terrorist. Nash was also a member of Obama's White House transition team.
(To jog your memories, Bill Ayers is a Professor at the University of Illinois at Chicago. He founded the Weather Underground, a radical revolutionary group that bombed buildings in the 60s and 70s. He had no remorse for those who were killed, escaped jail on a technicality, and is still an admitted Marxist).
When Obama sat on the board of the JOYCE FOUNDATION, he "funneled" thousands of charity dollars to a guy named John Ayers, who runs a dubious education fund. Yes, you guessed it. The brother of Bill Ayers, the terrorist.
Howard Stanback is a board member of Shorebank. He is a former board chairman of the Woods Foundation. Obama and Bill Ayers, the terrorist, also sat on the board of the Woods Foundation. Stanback was formerly employed by New Kenwood Inc., a real estate development company co-owned by Tony Rezko.
You will remember that Tony Rezko was the guy who gave Obama an amazing sweet deal on his new house. Years prior to this, the law firm of Davis, Mine, Barnhill & Galland had represented Rezko's company and helped him get more than 43 million dollars in government funding. Guess who worked as a lawyer at the firm at the time. Yes, Barack Obama.
Adele Simmons, the Director of ShoreBank, is a close friend of Valerie Jarrett, a White House senior advisor to Obama. Simmons and Jarrett also sit on the board of a dubious Chicago Civic Organization.
Van Jones sits on the board of ShoreBank and is one the marketing directors for "green" projects. He also holds a senior advisor position for black studies at Princeton University. You will remember that Mr. Van Jones was appointed by Obama in 2009 to be a Special Advisor for Green Jobs at the White House. He was forced to resign over past political activities, including the fact that he is a Marxist.
Al Gore was one of the smaller partners to originally help fund the CHICAGO CLIMATE EXCHANGE. He also founded a company called Generation Investment Management (GIM) and registered it in London, England. GIM has close links to the UK-based Climate Exchange PLC, a holding company listed on the London Stock Exchange. This company trades Carbon Credits in Europe (just like CXX will do here) and its floor is run by Goldman Sachs.
Along with Gore, the other co-founder of GIM is Hank Paulson, the former US Treasury Secretary and former CEO of Goldman Sachs. His wife, Wendy, graduated from and is presently a Trustee of Wellesley College. Yes, the same college that Hillary Clinton and Jan Piercy, a co-founder of Shorebank attended. (They are all friends).
Interesting? And now the closing...
Obama knows he must get the Cap-and-Trade Carbon Tax Bill passed before he loses his majority in Congress in the November elections. Apart from Climate Change, he will "sell" this bill to the public as generating tax revenue to reduce our debt. But, it will also make it impossible for US companies to compete in world markets and drastically increase unemployment. In addition, energy prices (home utility rates) will sky rocket.
But, here's the KICKER (THE MONEY TRAIL).
If the bill passes, it is estimated that over 10 TRILLION dollars each year will be traded on the CXX exchange. At a commission rate of only 4 percent, the exchange would earn close to 400 billion dollars to split between its owners, all Obama cronies. At a 2 percent rate, Goldman Sachs would also rake in 200 billion dollars each year.
But don't forget SHOREBANK. With 10 trillion dollars flowing through its accounts, the bank will earn close to 40 billion dollars in interest each year for its owners (more Obama cronies), without even breaking a sweat.
It is estimated Al Gore alone will probably rake in 15 billion dollars just in the first year. Of course, Obama's "commissions" will be held in trust for him at the Joyce Foundation. They are estimated to be over 8 billion dollars by the time he leaves office in 2013, if the bill passes this year. Of course, these commissions will continue to be paid for the rest of his life.
Some financial experts think this will be the largest "scam" or "legal heist" in world history. This makes the Mafia look like rank amateurs. (The Nazi's didn't loot this much wealth from Europe in WW2) They will make Bernie Madoff's fraud look like penny ante stuff.
Does this make you feel better about our leader??????
does it explain why he isn't worried about being a one term President? Check out supporting/related documentation on the web site, below.
* http://wtpotus.wordpress.com/2010/05/22/tital*
So . . . you think you know quite a bit about Obama. You don't know anything yet. Read all of this as it all comes together in the last part...a must read.
THIS WILL BLOW YOUR MIND!!! You may want to invest in this bank. Looks like a winner. This is an interesting story put together from various articles and TV shows by the British Times paper. It shows what Obama and his friends are really all about. It's not hope and change, it is money.
I warn you, the first part is a little boring, but stick with it. The second part connects all the dots for you (it will open your eyes). The end explains how Obama and all his cronies will end up as multi-billionaires. (It's definitely worth the read. You will not be disappointed).
A small bank in Chicago called SHOREBANK almost went bankrupt during the recession. The bank made a profit on its foreign micro-loans (see below) but had lost money in sub-prime mortgages in the US. It was facing likely closure by federal regulators. However, because the bank's executives were well connected with members of the Obama Administration, a private rescue bailout was arranged. The bank's employees had donated money to Obama's Senate campaign. In other words, ShoreBank was too politically connected to be allowed to go under.
ShoreBank survived and invested in many "green" businesses such as solar panel manufacturing. In fact, the bank was mentioned in one of Obama's speeches during his election campaign because it subjected new business borrowers to eco-litmus tests.
Prior to becoming President, Obama sat on the board of the JOYCE FOUNDATION, a liberal charity. This foundation was originally established by Joyce Kean's family which had accumulated millions of dollars in the lumber industry. It mostly gave funds to hospitals, but after her death in 1972, the foundation was taken over by radical environmentalists and social justice extremists.
This JOYCE FOUNDATION, which is rumored to have assets of 8 billion dollars, has now set up and funded, with a few partners, something called the CHICAGO CLIMATE EXCHANGE, known as CXX. It will be the exchange (like the Chicago Grain Futures Market for agriculture) where Environmental Carbon Credits are traded.
Under Obama's new bill, businesses in the future will be assessed a tax on how much CO2 they produce (their Carbon Footprint) or in other words how much they add to global warming. If a company produces less CO2 than their allotted measured limit, they earn a Carbon Credit. This Carbon Credit can be traded on the CXX exchange. Another company, which has gone over their CO2 limit, can buy the Credit and "reduce" their footprint ad tax liability. It will be like trading shares on Wall Street.
Well, it was the same JOYCE FOUNDATION, along with some other private partners and Wall Street firms that funded the bailout of ShoreBank. The foundation is now one of the major shareholders. The bank has now been designated to be the "banking arm" of the CHICAGO CLIMATE EXCHANGE (CXX). In addition, Goldman Sachs has been contracted to run the investment trading floor of the exchange.
So far so good; now the INTERESTING parts.
One ShoreBank co-founder, named Jan Piercy, was a Wellesley College roommate of Hillary Clinton. Hillary and Bill Clinton have long supported the bank and are small investors.
Another co-founder of Shorebank, named Mary Houghton, was a friend of Obama's late mother. Obama's mother worked on foreign MICRO-LOANS for the Ford Foundation. She worked for the foundation with a guy called Geithner.
Yes, you guessed it. This man was the father of Tim Geithner, our present Treasury Secretary, who failed to pay all his taxes for two years.
Another founder of ShoreBank was Ronald Grzywinski, a cohort and close friend of Jimmy Carter.
The former ShoreBank Vice Chairman was a man called Bob Nash. He was the deputy campaign manager of Hillary Clinton's presidential bid. He also sat on the board of the Chicago Law School with Obama and Bill Ayers, the former terrorist. Nash was also a member of Obama's White House transition team.
(To jog your memories, Bill Ayers is a Professor at the University of Illinois at Chicago. He founded the Weather Underground, a radical revolutionary group that bombed buildings in the 60s and 70s. He had no remorse for those who were killed, escaped jail on a technicality, and is still an admitted Marxist).
When Obama sat on the board of the JOYCE FOUNDATION, he "funneled" thousands of charity dollars to a guy named John Ayers, who runs a dubious education fund. Yes, you guessed it. The brother of Bill Ayers, the terrorist.
Howard Stanback is a board member of Shorebank. He is a former board chairman of the Woods Foundation. Obama and Bill Ayers, the terrorist, also sat on the board of the Woods Foundation. Stanback was formerly employed by New Kenwood Inc., a real estate development company co-owned by Tony Rezko.
You will remember that Tony Rezko was the guy who gave Obama an amazing sweet deal on his new house. Years prior to this, the law firm of Davis, Mine, Barnhill & Galland had represented Rezko's company and helped him get more than 43 million dollars in government funding. Guess who worked as a lawyer at the firm at the time. Yes, Barack Obama.
Adele Simmons, the Director of ShoreBank, is a close friend of Valerie Jarrett, a White House senior advisor to Obama. Simmons and Jarrett also sit on the board of a dubious Chicago Civic Organization.
Van Jones sits on the board of ShoreBank and is one the marketing directors for "green" projects. He also holds a senior advisor position for black studies at Princeton University. You will remember that Mr. Van Jones was appointed by Obama in 2009 to be a Special Advisor for Green Jobs at the White House. He was forced to resign over past political activities, including the fact that he is a Marxist.
Al Gore was one of the smaller partners to originally help fund the CHICAGO CLIMATE EXCHANGE. He also founded a company called Generation Investment Management (GIM) and registered it in London, England. GIM has close links to the UK-based Climate Exchange PLC, a holding company listed on the London Stock Exchange. This company trades Carbon Credits in Europe (just like CXX will do here) and its floor is run by Goldman Sachs.
Along with Gore, the other co-founder of GIM is Hank Paulson, the former US Treasury Secretary and former CEO of Goldman Sachs. His wife, Wendy, graduated from and is presently a Trustee of Wellesley College. Yes, the same college that Hillary Clinton and Jan Piercy, a co-founder of Shorebank attended. (They are all friends).
Interesting? And now the closing...
Obama knows he must get the Cap-and-Trade Carbon Tax Bill passed before he loses his majority in Congress in the November elections. Apart from Climate Change, he will "sell" this bill to the public as generating tax revenue to reduce our debt. But, it will also make it impossible for US companies to compete in world markets and drastically increase unemployment. In addition, energy prices (home utility rates) will sky rocket.
But, here's the KICKER (THE MONEY TRAIL).
If the bill passes, it is estimated that over 10 TRILLION dollars each year will be traded on the CXX exchange. At a commission rate of only 4 percent, the exchange would earn close to 400 billion dollars to split between its owners, all Obama cronies. At a 2 percent rate, Goldman Sachs would also rake in 200 billion dollars each year.
But don't forget SHOREBANK. With 10 trillion dollars flowing through its accounts, the bank will earn close to 40 billion dollars in interest each year for its owners (more Obama cronies), without even breaking a sweat.
It is estimated Al Gore alone will probably rake in 15 billion dollars just in the first year. Of course, Obama's "commissions" will be held in trust for him at the Joyce Foundation. They are estimated to be over 8 billion dollars by the time he leaves office in 2013, if the bill passes this year. Of course, these commissions will continue to be paid for the rest of his life.
Some financial experts think this will be the largest "scam" or "legal heist" in world history. This makes the Mafia look like rank amateurs. (The Nazi's didn't loot this much wealth from Europe in WW2) They will make Bernie Madoff's fraud look like penny ante stuff.
Does this make you feel better about our leader??????
does it explain why he isn't worried about being a one term President? Check out supporting/related documentation on the web site, below.
* http://wtpotus.wordpress.com/2010/05/22/tital*
CALIFORNIA IS OBAMA'S DREAM
Roger Hedgecock is a nationally syndicated radio talk-show host.
RADIO STATION 600 AM, SAN DIEGO
CALIFORNIA IS OBAMA’S DREAM
Written by Roger Hedgecock, former Mayor of San Diego
Wednesday, 25 January 2012
I live in California. If you were wondering what living in Obama's second term would be like, wonder no longer. We in California are living there now.
California is a one-party state dominated by a virulent Democrat Left enabled by a complicit media - where every agency of local, county, and state government is run by and for the public employee unions. The unemployment rate is 12%.
California has more folks on food stamps than any other state, has added somany benefits and higher rates to Medicaid that we call it "Medi-Cal."
Our K-12 schools have more administrators than teachers, with smaller classes but lower test scores and higher dropout rates with twice the per-student budget of 15 years ago.
This week, the once and current Gov. Jerry "Moon-beam" Brown had to confess that the "balanced" state budget adopted five months ago was billions in the red...because actual tax revenues were billions lower than the fairy tale revenue estimates on which the balance was predicated.
California government needed more money.
Echoing the Occupy movement, the governor proclaimed the rich must pay their fair share. Fair share? The top 1% of California income earners currently pays 50% of the state's income tax.
California has seven income tax brackets. The top income tax rate is 9.3%, which is slapped on the greedy rich - those earning $47,056 or more a year. Income of more than $1 million pays the "millionaires' and billionaires'" surcharge tax rate of 10.3%.
Brown's proposal would add 2% for income over $250,000. A million-dollar income would then be taxed at 12.3%. And that's just for the state.
Brown also proposed a one-half-cent sales tax increase, which would bring sales taxes (which vary by county) to 7.75%, and as much as 10%. Both tax increases would be on the ballot in 2012.
The sales tax increase proposal immediately brought howls of protest from the Left. Charlie Eaton, a sociology grad student at UC Berkeley and leader of the UC Student-Workers Union, said: "We've paid enough. It's time for millionaires to pay."
At least five other ballot measures to raise taxes are circulating for signatures to get on the 2012 ballot in California. The governor's proposals are the most conservative.
The Obama way doesn't end with taxes.
The governor and the state legislature continue to applaud the efforts of the California High Speed Rail Authority to build a train connecting Los Angeles and San Francisco. Even though the budget is three times the voter-approved amount, and the first segment will only connect two small towns in the agricultural Central Valley.
And we don't want to turn down the Obama bullet-train bucks that Florida and other states rejected because the operating costs would bankrupt them. Can't happen here, because we're already insolvent.
In California , we hate the evil, greedy rich (except the rich in Hollywood, in sports, and in drug dealing). But we love people who have broken into California to eat the bounty created by the productive rich.
Illegals get benefits from various generous welfare programs, free medical care, free schools for their kids, including meals, instate tuition rates and scholarships too. Nothing's too good for our guests.
To erase even a hint of criticism of illegal immigration, the California Legislature is considering a unilateral state amnesty. Democrat State Assemblyman Felipe Fuentes has proposed an initiative that would bar deportation of illegals from California.
Interesting dilemma for Obama! If immigration is exclusively a federal matter - and Obama has sued four states for trying to enforce federal immigration laws he won't enforce -what will the President do to a California law that exempts California from federal immigration law?
California is also near fulfilling the environmentalist dream of deindustrialization.
After driving out the old industrial base (auto and airplane assembly), air and water regulators and tax policies are now driving out the high-tech, biotech and even Internet-based companies that were supposed to be California 's future.
The California cap-and-trade tax on business in the name of reducing CO2 makes our state the leader in wacky environmentalism, and guarantees a further job exodus from the state.
Even green energy companies can't do business in California . Solyndra wentunder, taking its taxpayer loan guarantee with it.
No job is too small to escape the regulators. In fact, more and more of California 's public land is off-limits to recreation by the people who paid for that land. Unless you're illegal.
Then you can clear the land, set up marijuana plantations at will, bring infertilizers that legal farmers can no longer use, exploit illegal farm workers who live in hovels with no running water or sanitation, and protect your investment with armed illegals carrying guns no California citizen is allowed to own.
The rest of us only found out about these plantations when a workers' open campfire started one of those devastating fires that have killed hundreds of people and burned out thousands of homes in California over the last decade.
It's often said that whatever happens in California will soon happen in your state.
You'd better hope that's wrong.
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