I wake up this morning and as uaual I go to my favorite community blog first. But WTF, I have just been called a liar and a propagandist, and I don't take that accusation very lightly. Fuck, at least one thing for real is that I don't walk the walk of the Teabaggers.
The always negative energy from one of the know it all kossak has been to always debunking any positive/good news about what this administration has been doing. As we speak, the rec listed diary, Is This Community Promoting Wall St. Lies And Propaganda? tries to paint this community as lying asshats for believing what has been a factual element of the TRAP and supporting our President.
Here is the deal...
According to Rachel Maddow (start at 1:30), on Jan 10, 2010, she reports TARP making $52.1 Billion in profit. How do you respond to such a great news? OUTRAGED? Blame the Obama Administration for a socialistic intervention, call it a blatant lie and a piece of bullshit Wall Street propaganda? Yes, that is what is being said by some in this community. A straight up Right Wing talking point.
If you are so fucking out of touch with the truth, why the fuck are you here to push crap on our face? The fucking truth is this initially unpopular program is working, has been able slow down the bleeding of losing 400,000 jobs a month (you can look at the bikini curve graph in the video to see the truth and it is not a fucking lie as you would like it to be).
It was the BBC that reported that "the US Tax payers have so far gained money from the Feds action in propping up the system."
Well, you want the truth? I have plenty of truth you can't handle:
U.S. Turning Profit on TARP, but Big Loans Remain in Banks' Hands -- 9/1/2009
The government netted roughly $4 billion – the equivalent of a 15% annual return – from eight of the biggest banks that have fully repaid their obligations to the government, according to calculations by The New York Times.
Those financial institutions consist of:
* Goldman Sachs Group Inc. (NYSE: GS) – $1.4 billion in profit.
* Morgan Stanley (NYSE: MS) – $1.3 billion in profit.
* American Express Co. (NYSE: AXP) – $414 million in profit.
* Northern Trust Corp. (NYSE: NTRS), The Bank of New York Mellon Corp. (NYSE: BK), State Street Corp. (NYSE: STT), U.S. Bancorp (NYSE: USB) and BB&T Corp. (NYSE: BBT) – $100 million to $334 million in profit.
* Fourteen smaller banks that have repaid their debt – $35 million in profit.
Plans from Wells Fargo & Co and Citigroup to repay taxpayer funds will put the U.S. government on track to reduce its bailout investments in banks by more than 75 percent, while earning a healthy profit for the U.S.
To calculate the Treasury’s return, SNL compiled the institutions’ dividend payments and proceeds from warrant sales and calculated each as a percent of the amount of preferred stock invested. The dividend and warrant percentages were annualized and then added together to create an estimated return for each company. To approximate aggregate profitability, the returns for each company were weighted by the amount each company received under TARP. These weighted returns were then added together to estimate aggregate return.
There is more and all of these sources are fucking liars and propagandists to some. That is just fucking bullshit!
It is so fucking hilarious how easy it is to forget losing 3.6 million jobs in 13 months prior to the Obama Administarion took office. Some still don't have jobs but a whole lot us would probably won't have a job if that trend was to continue let alone have internet access to post utter bullshit like so many unfounded, irrational off the wall analysis being posted as if we are a Republican't RED STATE site around here. WTF, are we campaigning for Republican'ts or are we trying to fire up the base to electing more and better democrats in this blog?
Here it the truth, since this Administration took over the numbers are better than when we walked in the office. We have been able to save many jobs from disappearing. The stock market is higher than what it was because there is a sense of confidence every where except may be in your pessimistic world. We are achieving many things either via legislatively or via executive order as I had diaries about them here.
So, let me make it abundantly clear to you and you and you that you are not going to demoralized me, make me Angry or Fed Up about the direction about how this Administration is doing its job regardless of your Right Wing coded manipulations, lies and deceits to trying to sensationalize the utter bullshit day in and day out to make Obama the enemy.
Again. What does that diary currently on the DKos Rec List say about this "reality-based" community?
IMHO, all those that defend or endorse the posting of that blatant misinformation about how this community promoting Wall St. lies And propaganda might as well sponsor this AD:
WTF...you can go to RED STATE as there are many who will embrace you. A reminder: This is a democratic blog dedicated to electing Democrats.
NOTE: I will be back in a couple of hours to take on your challenge if you have one but I am not in a mode to hear a Right Wing talking point this morning so if that is your challenge, as I suggest RED STATE dot com is easy to type for you to visit. Peace!