Be INFORMED

Tuesday, December 06, 2011

Newt Gingrich: The View From Overseas

       The truest piece of shit that the Republicans  have in the run for the nomination to face off against President Obama in November 2012, has finally risen to the top. That piece of crap would be none other than life-long politician, serial  adulterer, and lobbyist Newt Gingrich from the state of Georgia.

  From Neue Zurcher Zeitung, a Switzerland paper:

Again, a New Front-Runner
for America’s Republicans

By Peter Winkler
Translated By Lisa Probst
27 November 2011

Edited by Jen­nifer Pietropaoli

Switzerland - Neue Zürcher Zeitung - Original Article (German)
Former Speaker Gingrich’s surprising high flight
Newt Gingrich, a dinosaur of American policy, has surprisingly swung himself to the top of the list of Republican presidential hopefuls for next presidential election. The question is: How long will he be flying high?
Newt Gingrich, former Speaker of the House of Representatives and a conservative opponent of President Clinton for many years, has swung to a surprising high in Republican polls in his candidacy for the presidential elections of the United States.
However, the edgy dinosaur of the Washington political establishment has been his own worst enemy, often damaging his own reputation, as in the first TV debate in his new role. In addition, Gingrich is dragging along some pretty bulky baggage from his past, with many commentators asking just how long the high flight of this controversial, sharp-tongued, bullying politician, who is often perceived as arrogant, will last.
The latest “anti-Romney”
The media is already describing Gingrich as the newest ”anti-Romney.” The Republican base seems to be testing him as an alternative to the former governor of Massachusetts, who appeared to be too slippery smooth for many conservatives.
Before Gingrich, Michele Bachmann, Rick Perry and Herman Cain were already in the same boat. Their numbers in the polls fell as quickly as they rose. They had to go through the bitter experience of being the front-runner, whose words and histories are being watched much more closely than those of other candidates. Gingrich, after his Nov. 25 performance, experienced much the same thing.
In the debate about homeland security, which was organized by CNN and the conservative think tanks, the Heritage Foundation and American Enterprise Institute, Gingrich pleaded for amnesty for those illegal immigrants who came a long time ago, started families and have integrated themselves into society. The Republican Party, as the party for family values, would certainly not be swayed to destroy families, he assumed. Gingrich called his suggestion humane; his rivals immediately spoke against it, calling it a “magnet for illegal immigrants” and “back door amnesty.” For many conservatives, these are the two brightest red flags in regards to immigration policy.
It’s still too early to determine the effect on voters’ favor. It was noticeable how badly Gingrich’s comments were received by the Republican base in Iowa, where the first primary elections will take place on January 3. Aside from that, Gingrich is not exactly without guile. Religious conservatives could be opposed to the fact that he is on his third marriage. His present spouse was his mistress at the time that he was up in arms against Clinton’s extra-marital escapades. Gingrich had to resign from his post as speaker after getting penalized with a record-high fine for unethical behavior in a business transaction of expense claims.
More damaging, although a more recent development, is that his consulting firm was receiving a monthly honorary sum of roughly $30,000 from mortgage giant Freddie Mac until September 2008, which obviously came for political lobbying. Freddie Mac, along with affiliated company Fannie Mae, had to be put under state control during the mortgage crisis and now belongs among the favorite targets of Republican critics of the Obama administration’s crisis management.
Miraculous recovery
“The Newt,” as Gingrich is often called, put a damper on his newly announced candidacy in May when he criticized Republican Paul Ryan’s budget proposal “right-wing social engineering,” which he said was no better than a “left-wing social engineering.” Although he apologized to Ryan, the damage was done. In June he appeared to get suffocated by his campaign bills and almost his entire election campaign staff left. Until recently, nobody thought it possible that he could ever recover from that.

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$7.7 Trillion Rip-off Of The Taxpayer

   This is a huge issue which you are not seeing on the front pages of to many newspapers, if any, as has been noted by the author in the following article.

A $7.77 Trillion Call to Arms

by akadjian      Mon Dec 05, 2011

Bloomberg broke the biggest story of the year this past week by revealing that the Federal Reserve secretly committed 7.77 trillion dollars to bailing out banks.

7.77 trillion is more than 11 times the cost of the TARP program. Yeah, this is big. And this number was only through March 2009. 

So I think it's worth taking a few minutes to break down the importance of this story and what it means.

What does the $7.77 trillion secret program mean?

1. Any talk about being broke is bullshit.

Allen West:

I'm just not sold on this payroll tax extension, this unemployment extension. Because we're broke.

Bullshit.

Rush Limbaugh:

So what are your ideas, Candidate A? Which agencies are you gonna just wipe out? We can't go on as we are; we don't have the money.

Bullshit.

John Huntsman:

The fact of the matter is we're broke as a country, and we're going to have to look very, very carefully at foreign aid.

Bullshit.

John Boehner:

We're broke. And the American people know we're broke.

Bullshit, bullshit, bullshit, bullshit. 

We have plenty of money when it comes to bailing out banks. Anyone saying we're broke is saying this to try to justify their own agenda.

2. We have the resources.

We can:

Fund job creation programs

Rebuild our infrastructure

Put money into education

Continue social safety net programs (as is)

Invest in energy independence

All we need is the political will. Anyone who says we can't do these things means they don't want to do these things.

If the government can come up with a $7.77 trillion secret program for banks, quit telling me we can't help out actual people.

3. You are being asked to shoulder the cost.

That's right. Why the call to pull money from Medicare, defense, Social Security, education, pensions, pay, etc?

You didn't think the banks should have to pay for their failures, did you?

This is the strategy known as privatize the profits, socialize the risks. It is the strategy behind the "too big to fail" banks.

In a nutshell, the strategy goes like this: Banks make risky trades using your deposits and, if they fail, they know they will be covered by the government because these assets are insured by the FDIC (at least up to a certain point).

Covering bank bets costs lots of money. How do we cover these bets?

Guess what? You're going to have to make do with less.

4. Our government is willing to lie to us.

This story didn't just happen.

Bloomberg had to fight in court for 2 years to get the Federal Reserve to release these details.

Why wouldn't they release the details?

Could it be because they knew no one would have gone along with this if it had been known?

The other shock is the magnitude of the lie. This is a $7.7 trillion lie.

5. The mainstream media does little to expose these lies

Much of the media continues to "back page" this story.

Ask yourself, with the exception of Bloomberg, if you've seen this story on any front pages. I haven't. 

Doesn't this sound like a front page story? Federal Reserve spent $7.7 trillion to bailout banks? Without telling anyone?

Sure sounds like front-page news to me. Yet it's vastly under reported in the media.

Would anyone in America go along with this continuous bailout if they knew about it?

6. Occupy Wall Street is right.

Say what you want about Occupy Wall Street, but this doesn't change the fact that the biggest challenge still facing our nation is our broken financial system and our government which is in bed with this system.

It's clear that very little has changed since the financial crisis. Very few new rules have been put in place.

Opponents of the Dodd-Frank reforms are trying to "block appointments of new leadership to key oversight positions, cut funding, alter policies, use cost- benefit analysis as a roadblock to reform, and make other efforts to slow the pace or water down regulations."

7. You can't get a loan at 0.01% interest

Yes, that was the rate at which we lent money to some of these banks.

In other words, free.

Of course, at the same time, we had politicians screaming that we couldn't help out people who were foreclosed upon.

If you're a person, it's your "responsibility," if you're a bank, then you're "too big to fail".

Only banks could get loans at 0.01%.

We have a double standard in our country. One set of rules for average people, another set for those with the right lobbyists.

8. The problem is not fixed. It will happen again.

The banks are still engaging in risky derivatives trading. And they're even bigger than before when they were "too big to fail".

Almost nothing has been done in the way of regulation and lobbyists are already fighting the little that has been done.

There is no incentive for banks to do anything differently and, with the government backing their bets, no risk to them.

Under these conditions, it is only inevitable that this will happen again.

9. Why is this the biggest story of the year?

It exposes everything that is wrong with our current system:

Secret government programs for banks.

The "we're broke" lie - anyone who says "we're broke" is saying it to justify some other goal.

One set of standards for banks, an entire different set for the rest of us.

The failure of the media to "front page" these issues. I bet you know what's happening with the Kardashians though.

Most importantly, we have the resources to do what's right for our country.

We just need those in office to work for our country instead of for the largest corporate donors and lobbyists.

So what can you do?

Tell anyone who will listen. It doesn't matter what political affiliation you are, this should make you angry.

Write, call, or e-mail your Congressman and ask him or her what they are doing to investigate. They should be angry too. 

Write your local paper or TV news affiliate and ask them how they're covering the story. Why isn't this news?

Support groups who are bringing these types of stories to light. Bloomberg deserves a huge amount of credit for pressing the government to release these documents.

Move your money. Banks have shown they are poor gamblers. Take away the deposits they're using to gamble.

Do whatever you can. Convince your friends. Support limiting corporate influence on Washington. Join those protesting in the streets if you can.

If this sounds like the beating of a drum you've already heard, apologies. But it's a drum that badly needs beating or nothing is ever going to change.