Hey, man, we need another vacay.
With apologies to those of you who hate the blogs. I only snipped it because it's a long article, not because I am afraid to post the entire blog. I don't even know who this person is. I just wondered why we were spending so much money to send BO to India, and this is what I found.
The “profit” on the $5 billion in arms sale will be less than the cost of the trip.
I’ve got to say I’m glad to see him pay attention to India (though of course the entourage is ridiculous), given especially all his cuddling with his pals in Pokistawn.
Why? Because we are paying for it. I file it under waste, fraud and abuse, like the Spain trip for his wife, and entourage. Among other things.
Perhaps he will prevail on the Indians to completely manufacture them there.
0bama? He’s going the other side of the world from this:
“A Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve
Federal Reserve Bank of Atlanta and Rutgers University
November 5–6, 2010, Jekyll Island Club Hotel, Jekyll Island, Georgia”
Session 8—The Future Role of the Federal Reserve System
“Two Models of Land Overvaluation and Their Implications”
This session explores two distinct models of the overvaluation of assets such as land and evaluates appropriate policy responses to the two types of overvaluation.
Paper presenter: Narayana Kocherlakota, President, Federal Reserve Bank of Minneapolis
Discussant: Anil Kashyap, Professor of Economics and Finance, University of Chicago
Moderator: Eric Rosengren, President, Federal Reserve Bank of Boston
Session 9—Panel Discussion
Panelists will share personal insights and perspectives on the purpose, structure, and functions of the Federal Reserve System.
Panelist: Ben Bernanke, Chairman, Board of Governors of the Federal Reserve System
Panelist: Alan Greenspan, Former Chairman, Board of Governors of the Federal Reserve System
Panelist: Gerald Corrigan, Managing Director, Goldman Sachs, and Former President, Federal Reserve Bank of New York
Moderator: Raghuram Rajan, Professor of Finance, University of Chicago
http://www.frbatlanta.org/news/conferences/10jekyll_agenda2.cfm
The Federal Reserve Is Holding A Conference On Jekyll Island To Celebrate 100 Years Of Dominating America”
Published on 11-03-2010
“That is not a record to be celebrating.
The truth is that the Federal Reserve was created to enslave the United States government in an endlessly expanding spiral of debt from which it would never be able to escape. As I wrote about yesterday, that is exactly what has happened. The U.S. government debt is escalating at an exponential rate. It is a trap from which the U.S. government will never be able to get out of under our current system.”
Indians just bought $8 BILLION of coal power equipment from CHINA. This was on top of several BILLION of 3G wireless equipment.
Obama is spending $2 BILLION on his trip. He hopes to get $5 B of arms orders.
This is completely out of whack. As usual.
American Patriot missle, soon with new tag, ‘Made in India’.
But the White House says it’s about the Obama family celebrating Diwali in India! Aw, shucks, they fooled us again!!
$1+ billion in cost to secure $5 billion in sales?
My boss would cr@p if he saw that expense/sales ratio on my monthly report....
Maybe he’s leaving because he knows something bad is going to happen here? :)
Another vacation on our dime?
To spend 200 million dollars of taxpayer money per day.
He’s now personally taken it upon himself to increase the national debt by spending as much money as he possibly can.
Hey, man, we need another vacay.