If you pay taxes then you are paying for Michelle Obama’s servants, er, “assistants”.
Forget the fact that we are in the midst of the worst economy since the Great Depression. Forget that there is record national debt, and ignore the high unemployment and suffering amongst the common people. Because Michelle Obama needs 26 assistants at our expense–a bill that works out to more than $1.7 million dollars per year!
Remember, “First Lady” is not a political office–she is not entitled to any assistants. In fact, First Ladies of the past had to pay their assistants out of their own pockets! (I am not referring to Laura Bush here–she had a taxpayer-funded staff as well. But hers only cost us a “mere” $1+ million of wasted money per year.)
Apparently all of the new jobs from the economic stimulus packages were created inside of the White House.
The problem is the Federal Reserve and the bailouts, not the AIG bonuses (as bad as they are–they are just a symptom of the corrupted system).
Ron Paul further explained these facts on Fox Business News earlier today (3/24/2009):
Filed under: Ron Paul | Tagged: AIG, Ben Bernake, bonuses, bubble, economy, Federal Reserve, Fox Business News, free market, housing crisis, inflation, interest rates, money supply, recession, Ron Paul, tax, timothy geithner | Leave a Comment »
CNBC Anchors Upset When They Unintentially Air Ron Paul’s Opening Statement to House Financial Services Committee
When you work at CNBC you just don’t want the unfiltered truth getting out across the airwaves (notice the reaction of the talking heads at 2:23).
Ron Paul said things like: “This is the end of an era. You can’t reinflate the bubble… it has failed” which is of course waaay too truthful to be shown uncensored:
This video is a couple of weeks old (I’m still catching up after the holidays) but still as relevant as ever. As Ron Paul says here: the lost bail out money is “business as usual”.
Ron Paul discussed Bush’s bailout of the auto industry on Fox Business channel 12.19.2008:
Filed under: Economy—US Dollar, Ron Paul | Tagged: bail out, bankrupt, Barack Obama, credit, deflation, depression, economy, free market, George Bush, inflation, nationalization, recession, Ron Paul, taxes, unions | Leave a Comment »
An article on Marketwatch.com today notes that the recession began a year ago.
The U.S. economy entered a recession in December 2007, a committee of economists at the private National Bureau of Economic Research said Monday.
The economy reached a peak of activity in December 2007 and has been declining since, according to the business cycle dating committee of the NBER.
The government, academics and the private sector generally defer to the NBER’s judgments about recessions.
The committee does not judge a recession as two consecutive quarterly declines in gross domestic product; rather, it examines quarterly data along with four key monthly economic indicators: employment, incomes, industrial output and sales.
Employment and incomes peaked in December, industrial output peaked in January, and sales peaked in June, the NBER committee said.
The committee’s definition of a recession is as follows: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators.”
No kidding. Thats why I made this post a year ago warning about an impending recession (or depression). Seriously, how much are they paying these people?
The important point here is that with this admission there’s the underlying reality that pretty much every official government and media source has been either completely wrong or blatantly lying to us for the past year saying the “economy is great”. More analysis here.