A Challenge to Former President Obama

Something remarkable just happened. The Houston Astros were punished in a severe way for having cheated to win the 2017 World Series. Major League Baseball suspended the team's manager and general manager for a year. It took away the Astros' first- and second-round draft picks for the next two years. It also fined the team $5 million.

And then the Astros fired the manager and general manager, who led them to a World Series win.

That's how you deal with cheaters -- short of a prison term. That's how you send a message that cheating will not be tolerated. That's how you prevent the next scandal. Bravo.

Government reacts the opposite way: It covers up scandals. It buries the story in collusion with its media buddies. It condones cheating -- by liberals who support big government.

Enter former President Barack Obama. Obama and I were born days apart in 1961. He became my college classmate. We both went into politics. When Obama ran for president on the 2008 Democratic ticket, I ran as vice president on the Libertarian presidential ticket.

But we are different in one major way: I am diametrically opposed to every policy Obama has ever stood for. I believe Obama was among the worst presidents in American history. I believe his administration was among the most corrupt in history.

I'm shocked and disgusted that Obama got away with it all, but he had the biased, liberal mainstream media on his side.

Nowadays, I've got my own national media platform. So I'm issuing a challenge to my former college classmate.

Barack: I believe you've had a free roll. I don't believe you had one tough question thrown at you in the past decade. Rarely has any member of the media pushed you for a detailed response about your IRS scandal or Hillary Clinton's Russian uranium issue. You've rarely been asked about the Benghazi cover-up; your justification for the Iran nuclear treaty and why you gave that nation $150 billion, which it obviously used to fund terrorism around the world; and the tall tales used to sell Obamacare.

Then there's the billions wasted in your giveaways to green energy firms and Democratic donors; Joe Biden's Ukraine scandal; Clinton's emails; the nonsense about "shovel-ready jobs"; your attorney general's meeting with Bill Clinton on the airport tarmac; the Democratic National Committee's efforts to fix the primaries for Clinton; and your role in the spying, unmasking and FISA fraud committed against President Donald Trump and his transition team.

Got any answers to tough questions by an interviewer who isn't an adoring fan? How about you sit down on the set of my Newsmax TV show, which reaches 80 million homes, for a 60-minute interview? No questions will be off-limits.

Can you prove me wrong? Think you can make me look foolish? Then accept my challenge. What do you have to lose if you didn't cheat?

"Mr President, you are now in complete control of the US Treasury."

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THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move. When he got to Treasury, WH COS Rahm Emanuel was so involved in the inner workings that the phrase "Rahm wants it" had become an unofficial mantra among subservient govt staffers, prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. Reported by WSJ / 05/31/09

More here: http://online.wsj.com/article/SB124113406528875137.html

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Federal records say 177 well-connected (read politically-connected) firms participated in TALF.
For investors, there was little risk w/ rewards guaranteed. The Federal Reserve (read taxpayers) funded as much as 90% of the investments.
If bonds were profitable, the borrowers benefited. If not, the department took over the depreciated assets with no repercussions for borrowers.

Then-Sen Joe Biden was a key advocate for the financial bailout, which was expanded under Obama.
Biden even delayed his Senate resignation in Jan 2009 to cast his final vote to increase funding for the Program before taking office as vice president.
Biden said about the banks and hedge funds aided by the government intervention. "Had we not bailed out the largest bank institutions in the world, there would have been a flat-out depression.”

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CIRCA 2009 EXCERPT---FOURTEEN TRILLION DOLLARS Behind The Real Size of the Obama Bailout;
A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street
SOURCE motherjones.com --- Mon Dec. 21, 2009 12:23 PM PST

The $787 billion TARP--the Troubled Assets Relief Program---is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside untraceable money to bail out financial firms and inject money into the markets. (To get a sense of the size of the real $14 trillion bailout, see MJ chart at web site).

A guide to the pieces of the puzzle includes massive untraceable Treasury Department bailout programs.
Money Market Mutual Fund: In September 2008, the Treasury.......controlled by Obama/Emanuel.......announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].

Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].

TARP: As part of the Troubled Asset Relief Program, the Treasury controlled by Obama/Emanuel made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.

Government-sponsored enterprise (GSE) stock purchase: The Treasury controlled by Obama/Emanuel bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."

GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury controlled by Obama/Emanuel may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion

---SNIP---LONG READ---go to web site to read more and checkout the shocking financial charts.

SOURCE http://motherjones.com/politics/2009/12/behind-real-size-bailout

One of the all-time bodacious federal scams was Obama’s “stimulus program.” All the Democrats got filthy rich.
Obama appointed Biden to “oversee “stimulus money distribution.” To date, still no full accounting as to
where it all went (not to worry, Obama and the Bidens know where it is).

Missing in Action: Stimulus Sheriff Joe Biden
By Michelle Malkin - Oct 10, 2012
Copyright 2012, Creators Syndicate Inc.

Remember when President Obama bragged about Joe Biden’s fiscal discipline creds in 2009? “To you, he’s Mr. Vice President, but around the White House, we call him the Sheriff,” Obama warned government employees. “Because if you’re misusing taxpayer money, you’ll have to answer to him.” Fast-forward to 2012. Call in the search teams. Since being appointed the nation’s stimulus spending cop, Sheriff Joe has taken a permanent donut break.

He’s AWOL on oversight. In fact, he’s been bubble-wrapped, boxed and kept completely out of sight. The garrulous gaffe machine hasn’t sat down for a national media interview in five months.

The Democrats’ trillion-dollar “American Recovery and Reinvestment Act,” however, keeps piling up waste, failure, fraud and debt. Who benefited most? Big government cronies. According to Investor’s Business Daily, a new analysis by Ohio State economics professor Bill Dupor reported that “(m)ore than three-quarters of the jobs created or saved by Pres Obama’s economic stimulus in the first year were in government.”

Dupor and another colleague had earlier concluded that the porkulus was a predictable jobs-killer that crowded out non-government jobs with make-work public jobs and programs. Indeed, the massive wealth redistribution scheme “destroyed/forestalled roughly one million private sector jobs” by siphoning tax dollars “to offset state revenue shortfalls and Medicaid increases rather than boost private sector employment.”

Will this Keynesian wreckage come up during Biden’s debates? It should be a centerpiece of domestic policy discussion. Nowhere is the gulf between Obama/Biden rhetoric and reality on jobs wider. Remember: Obama’s Ivy League eggheads behind the stimulus promised that “(m)ore than 90 percent of the jobs created are likely to be in the private sector.” These are the same feckless economic advisers who infamously vowed that the stimulus would keep unemployment below 8 percent — and that unemployment would drop below 6 percent sometime this year. Sheriff Joe rebuked the “naysayers” who decried the behemoth stimulus program’s waste, fraud and abuse. “You know what? They were wrong,” he crowed.

Sheriff Biden was radio silent about the nearly 4,000 stimulus recipients who received $24 billion in Recovery Act funds — while owing more than $750 million in unpaid corporate, payroll and other taxes. (Cash for Tax Cheats, anyone?)

He had nothing to say about:
<><> $6B in Homeowners’ stimulus energy credits showered on nearly 1/3 of credit-claimers who had no record of homeownership, including minors and prisoners.
<><> $530 million dumped into profligate Detroit public schools for laptops and other electronics that had little, if any, measurable academic benefits.
<><> the whopping $6.7 million cost per job under the $50 billion stimulus-funded green energy loan program
<><> politically connected Green companies are now bankrupt-—they took the money then went belly-up
<><> remember? Solyndra ($535M), Abound Solar ($400M), Beacon Power ($43M), A123 ($250M) and Ener1 ($119M).
<><> $1 million stimulus to Big Bird and Sesame Street $1 million stimulus “to promote healthy eating,”
<><> $1 million for a theoretical 1.47 jobs ($726,000 per job created.)
<><> hundreds of stimulus millions to govt GSA junkets in Las Vegas and Hawaii,
<><> hundreds of millions to ghost congressional districts, dead people, (family and friends?)
<><> 100’s of millions for infrastructures to nowhere
<><> 100’s of millions for Obama propaganda-—road signs stamped with the shovel-ready logo.

Of course, there’s no example of unfettered stimulus squandering more fitting than the one named after Keystone Fiscal Kop Joe Biden himself. Government-funded Amtrak’s Wilmington, Del., station raked in $20 million in “recovery” money after heavy personal lobbying by the state’s most prominent customer and cheerleader. In return, the station (which came in $6 million over budget, according to The Washington Times) renamed its facility after Biden. Bloated costs. Crony political narcissism. Glaring conflicts of interest. Monumental waste.

This is the Obama/Biden stimulus legacy bequeathed to our children and their grandchildren. Sheriff Joe and his plundering boss need to be run out of town on a rail.

SOURCE http://dyn.realclearpolitics.com/topic/v/Vice_President_/

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