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Post Info TOPIC: Bank Failures at an all time high in 2010 on Obama's watch!


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Bank Failures at an all time high in 2010 on Obama's watch!


Yep...

Just another CLEAR indication that the Obama administration is not living up to their claims as bank failure rates are at a point that hasn't been seen in two decades!

http://www.msnbc.msn.com/id/40034941/ns/business-economy_at_a_crossroads

So I guess after many of these banks got bail out's they just squandered the money and closed up shop!?

Look at his face in this photo,



Even Obama know's he's full of it! Might I add he is calling the Republican House speaker. 

-- Edited by SELLC on Saturday 6th of November 2010 07:58:49 AM

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So... Are you saying the Bush bank bailout was a failure?

Or

Are you saying Obama should continue the Bush bank bailout policies?

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I am saying the 2nd half of the bank bail out program that was entrusted to Obama was squandered.

You are aware that Bush is no longer the President and hasn't been for two whole long years?


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how exactly was it squandered?

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We are talking about Obama here. Everything he touches turns to shit.

Good if you are a farmer in need of fertalizer, bad if you are Americans looking for a job.

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I'm sorry, I was asking for specifics on how he "squandered" the half of Bush's bank bailout fund that he had control of.

Please try again.

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Well to give you one example PowerStroker, the Cash for Clunkers program squandered a lot of good vehicles by offering over-inflated rebates for older vehicles. The fact that they destroyed the engines with liquid glass and just gave the vehicles to "Chosen" junk jards to strip and then crush without any of the money from them vehicles having to be paid back is another squander in of itself.

It was a very poor idea that saw a lot of vehicles destroyed. Vehicles that took a vast amount of resources to produce. Vehicles are produced for the purpose of transportation, now our country has that many less vehicles, while the scrap yards and dealerships were the only TRUE people that made out. It has already been said that prices were over-inflated at that time for vehicles so the re-bate was really nothing more than a scam to make it look like someone was putting down a few G's.


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Cash for clunkers I think came in around 3 billion dollars, and actually created a lot of business for car dealers, mine included.

That's not the topic at hand though... I asked specifically about BUSH'S BANK BAILOUT which was 700 BILLION DOLLARS and how it was that Obama "squandered" his half of it as you said.  Cash for clunkers had nothing to do with bank failures or the bank bailout.

Please try again.

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$y$Op

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Did I ever tell you about the Relief Act PowerStroker? Do you know how that was funded?

http://autotrend.activeboard.com/index.spark?aBID=91042&p=3&topicID=33799937

There's another $3,000,000.00 wasted! Given to a company that opened just a few days after they were approved.

Where did the money to fund cash for clunkers come from PowerStroker?



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That is another thing that has nothing to do with the bank bailouts that you claim Obama was squandering somehow.

I'm still trying to understand how Obama squandered his half of the Bush BANK Bailout money as you stated in your 2nd post. Please stay on topic and explain yourself.

Please try again.

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You know me PowerStroker, I like to take these oppertunities to fully explore Obamas failures before dropping the bomb.

I'd like to try again after this too, if thats okay.

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by all means

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Democrat Scandals-

William Jefferson Clinton- Impeached by the House of Representatives over allegations of perjury and obstruction of justice, but acquitted by the Senate. Scandals include Whitewater - Travelgate Gennifer Flowersgate - Filegate - Vince Fostergate - Whitewater Billing Recordsgate - Paula Jonesgate- Lincoln Bedroomgate - Donations from Convicted Drug and Weapons Dealersgate - Lippogate - Chinagate - The Lewinsky Affair - Perjury and Jobs for Lewinskygate - Kathleen Willeygate - Web Hubbell Prison Phone Callgate - Selling Military Technology to the Chinesegate - Jaunita Broaddrick Gate - Lootergate - Pardongate

Edward Moore Kennedy - Democrat - U. S. Senator from Massachusetts. Pleaded guilty to leaving the scene of an accident, after his car plunged off a bridge on Chappaquiddick Island killing passenger Mary Jo Kopechne.

Barney Frank - Democrat - U.S. Representative from Massachusetts from 1981 to present. Admitted to having paid Stephen L. Gobie, a male prostitute, for sex and subsequently hiring Gobie as his personal assistant. Gobie used the congressman's Washington apartment for prostitution. A move to expel Frank from the House of Representatives failed and a motion to censure him failed.

DNC - The Federal Election Commission imposed $719,000 in fines against participants in the 1996 Democratic Party fundraising scandals involving contributions from China, Korea and other foreign sources. The Federal Election Commission said it decided to drop cases against contributors of more than $3 million in illegal DNC contributions because the respondents left the country or the corporations are defunct.

Sandy Berger - Democrat - National Security Advisor during the Clinton Administration. Berger fined $50,000 for illegally removing highly classified documents and handwritten notes from the National Archives during preparations for the Sept. 11 commission hearings.

Robert Torricelli - Democrat - Withdrew from the 2002 Senate race with less than 30 days before the election because of controversy over personal gifts he took from a major campaign donor and questions about campaign donations from 1996.

James McGreevey - Democrat - New Jersey Governor . Admitted to having a gay affair. Resigned after allegations of sexual harassment, rumors of being blackmailed on top of fundraising investigations and indictments.

Jesse Jackson - Democrat - Democratic candidate for President. Admitted to having an extramarital affair and fathering a illegitimate child.

Gary Condit - Democrat - US Democratic Congressman from California. Condit had an affair with an intern. Condit, covered up the affair and lied to police after she went missing. No charges were ever filed against Condit. Her remains were discovered in a Washington DC park..

Eliot Spitzer- Democrat - New York governor - resigned from office after being tied to a prostitution ring.

Sowande Ajumoke Omokunde - Democrat - the son of newly elected U.S. Rep. Gwen Moore, was booked on charges of criminal damage to property for allegedly slashing tires on 20 vans and cars rented by the Republican Party for use in Election Day voter turnout efforts.

Daniel David Rostenkowski - Democrat - U.S. Representative from Illinois from 1959 to 1995. Indicted on 17 felony charges- pleaded guilty to two counts of misuse of public funds and sentenced to seventeen months in federal prison.

Melvin Jay Reynolds - Democrat U.S. Representative from Illinois from 1993 to 1995. Convicted on sexual misconduct and obstruction of justice charges and sentenced to five years in prison.

Wayne Bryant - Democrat NJ state senator- was convicted was found guilty on all 12 counts against him including bribery and pension fraud.

Charles Coles Diggs, Jr. - Democrat - U.S. Representative from Michigan from 1955 to 1980. Convicted on eleven counts of mail fraud and filing false payroll forms- sentenced to three years in prison.

George Rogers - Democrat - Massachusetts State House of Representatives from 1965 to 1970. M000ember of Massachusetts State Senate from 1975 to 1978. Convicted of bribery in 1978 and sentenced to two years in prison.

Don Siegelman - Democrat Governor Alabama - indicted in a bid-rigging scheme involving a maternity-care program. The charges accused Siegelmanand his former chief of staff of helping Tuscaloosa physician Phillip Bobo rig bids. Siegelman was accused of moving $550,000 from the state education budget to the State Fire College in Tuscaloosa so Bobo could use the money to pay off a competitor for a state contract for maternity care.

John Murtha, Jr. - Democrat - U.S. Representative from Pennsylvania. Implicated in the Abscam sting, in which FBI agents impersonating Arab businessmen offered bribes to political figures; Murtha was cited as an unindicted co-conspirator.

Otto Kerner - Democrat governor of Illinois from 1961 to 1968 was jailed after the manager of two horse-racing tracks admitted to bribing the then- governor; charges were filed after Kerner left office he was convicted in 1973.

Dan Walker - Democrat governor of Illinois from1973 to 1977 served less than two years of a seven-year sentence for receiving improper loans a decade after leaving office.

Gerry Eastman Studds - Democrat - U.S. Representative from Massachusetts from 1973 to 1997. The first openly gay member of Congress. Censured by the House of Representatives for having sexual relations with a teenage House page.

Hiram Monserrate- Queens City Councilman and state Senator-elect - who has claimed to be an advocate of victims of domestic violence - was arrested for breaking a glass over his girlfriend's face. Monserrate, 41, a former cop, won election to the state Senate as a Democrat in November 2008.

James C. Green - Democrat - North Carolina State House of Representatives from 1961 to 1977. Charged with accepting a bribe from an undercover FBI agent, but was acquitted. Convicted of tax evasion in 1997.

Frederick Richmond - Democrat - U.S. Representative from New York from 1975 to 1982. Arrested in Washington, D.C., in 1978 for soliciting sex from a minor and from an undercover police officer - pleaded guilty to a misdemeanor. Also - charged with tax evasion, marijuana possession, and improper payments to a federal employee - pleaded guilty.

Raymond Lederer - Democrat - U.S. Representative from Pennsylvania from 1977 to 1981. Implicated in the Abscam sting - convicted of bribery and sentenced to three years in prison and fined $20,000.

Harrison Arlington Williams, Jr. - Democrat - U.S. Senator from New Jersey from 1959 to 1970. Implicated in the Abscam sting. Allegedly accepted an 18% interest in a titanium mine. Convicted of nine counts of bribery, conspiracy, receiving an unlawful gratuity, conflict of interest, and interstate travel in aid of racketeering. Sentenced to three years in prison and fined $50,000.

Frank Thompson, Jr. - Democrat - U.S. Representative from New Jersey from 1955 to 1980. Implicated in the Abscam sting, convicted on bribery and conspiracy charges. Sentenced to three years in prison

Michael Joseph Myers - Democrat - U.S. Representative from Pennsylvania from 1976 to 1980. Implicated in the Abscam sting - convicted of bribery and conspiracy; sentenced to three years in prison and fined $20,000; expelled from the House of Representatives on October 2, 1980.

John Michael Murphy - Democrat - U.S. Representative from New York from 1963 to 1981. Implicated in the Abscam sting. Convicted of conspiracy, conflict of interest, and accepting an illegal gratuity. Sentenced to three years in prison and fined $20,000.

John Wilson Jenrette, Jr - Democrat - U.S. Representative from South Carolina from 1975 to 1980. Implicated in the Abscam sting. Convicted on bribery and conspiracy charges and sentenced to prison

Neil Goldschmidt - Democrat - Oregon governor. Admitted to having an illegal sexual relationship with a 14-year-old teenager while he was serving as Mayor of Portland.

Alcee Lamar Hastings - Democrat - U.S. Representative from Florida. Impeached and removed from office as federal judge in 1989 over bribery charges.

Marion Barry - Democrat - mayor of Washington, D.C., from 1979 to 1991 and again from 1995 to 1999. Convicted of cocaine possession after being caught on videotape smoking crack cocaine. Sentenced to six months in prison.

Mario Biaggi - Democrat - U.S. Representative from New York from 1969 to 1988. Indicted on federal charges that he had accepted bribes in return for influence on federal contracts.Convicted of obstructing justice and accepting illegal gratuities. Tried in 1988 on federal racketeering charges and convicted on 15 felony counts.

Lee Alexander - Democrat - Mayor of Syracuse, N.Y. from 1970 to 1985. Was indicted over a $1.5 million kickback scandal. Pleaded guilty to racketeering and tax evasion charges. Served six years in prison.

Bill Campbell - Democrat - Mayor of Atlanta. Indicted and charged with fraud over claims he accepted improper payments from contractors seeking city contracts.

Frank Ballance - Democrat - Congressman North Carolina. Pleaded guilty to one charge of conspiracy to commit mail fraud and money laundering related to mishandling of money by his charitable foundation.

Hazel O'Leary - Democrat - Secretary of Energy during the Clinton Administration - O'leary took trips all over the world as Secretary with as many 50 staff members and at times rented a plane, which was used by Madonna during her concert tours.

Lafayette Thomas - Democrat - Candidate for Tennessee State House of Representatives in 1954. Sheriff of Davidson County, from 1972 to 1990. Indicted in federal court on 54 counts of abusing his power as sheriff. Pleaded guilty to theft and mail fraud; sentenced to five years in prison.

Mary Rose Oakar - Democrat - U.S. Representative from Ohio from 1977 to 1993. Pleaded guilty to two misdemeanor charges of funneling $16,000 through fake donors.

David Giles - Democrat - candidate for U.S. Representative from Washington in 1986 and 1990. Convicted in June 2000 of child rape.

Gary Siplin - Democrat state senator Florida- found guilty of third-degree grand theft of $5,000 or more, a felony, and using services of employees for his candidacy.

Edward Mezvinsky - Democrat -U.S. Representative from Iowa from 1973 to 1977. Indicted on 56 federal fraud charges.

Lena Swanson - Democrat - Member of Washington State Senate in 1997. Pleaded guilty to charges of soliciting unlawful payments from veterans and former prisoners of war.

Abraham J. Hirschfeld - Democrat - candidate in Democratic primary for U.S. Senator from New York in 1974 and 1976. Offered Paula Jones $1 million to drop her sexual harassment lawsuit against President Bill Clinton. Convicted in 2000 of trying to hire a hit man to kill his business partner.

Henry Cisneros - Democrat - U.S. Secretary of Housing and Urban Development from 1993 to 1997. Pleaded guilty to a misdemeanor charge of lying to the FBI.

James A. Traficant Jr. - Member of House of Representatives from Ohio. Expelled from Congress after being convicted of corruption charges. Sentenced today to eight years in prison for accepting bribes and kickbacks.

John Doug Hays - Democrat - member of Kentucky State Senate from 1980 to 1982 Found guilty of mail fraud for submitting false campaign reports stemming from an unsuccessful run for judge. He was sentenced to six months in prison to be followed by six months of home confinement and three years of probation.

Henry J. Cianfrani - Democrat - Pennsylvania State Senate from 1967 to 1976. Convicted on federal charges of racketeering and mail fraud for padding his Senate payroll. Sentenced to five years in federal prison.

David Hall - Democrat - Governor of Oklahoma from 1971 to 1975. Indicted on extortion and conspiracy charges. Convicted and sentenced to three years in prison.

John A. Celona - Democrat - A former state senator was charged with the three counts of mail fraud. Federal prosecutors accused him of defrauding the state and collecting hundreds of thousands of dollars from CVS Corp. and others while serving in the legislature. Celona has agreed to plead guilty to taking money from the CVS pharmacy chain and other companies that had interest in legislation. Under the deal, Celona agreed to cooperate with investigators. He faces up to five years in federal prison on each of the three counts and a $250,000 fine

Allan Turner Howe - Democrat - U.S. Representative from Utah from 1975 to 1977. Arrested for soliciting a policewoman posing as a prostitute.

Jerry Cosentino - Democrat - Illinois State Treasurer. Pleaded guilty to bank fraud - fined $5,000 and sentenced to nine months home confinement.

Joseph Waggonner Jr. - Democrat - U.S. Representative from Louisiana from 1961 to 19 79. Arrested in Washington, D.C. for soliciting a policewoman posing as a prostitute

Albert G. Bustamante - Democrat - U.S. Representative from Texas from 1985 to 1993. Convicted in 1993 on racketeering and bribery charges and sentenced to prison.

Lawrence Jack Smith - Democrat - U.S. Representative from Florida from 1983 to 1993. Sentenced to three months in federal prison for tax evasion.

David Lee Walters - Democrat - Governor of Oklahoma from 1991 to 1995. Pleaded guilty to a misdemeanor election law violation.

James Guy Tucker, Jr. - Democrat - Governor of Arkansas from 1992 to 1996. Resigned in July 1996 after conviction on federal fraud charges as part of the Whitewater investigation.

Walter Rayford Tucker - Democrat - Mayor of Compton, California from 1991 to 1992; U.S. Representative from California from 1993 to 1995. Sentenced to 27 months in prison for extortion and tax evasion.

William McCuen - Democrat - Secretary of State of Arkansas from 1985 to 1995. Admitted accepting kickbacks from two supporters he gave jobs, and not paying taxes on the money. Admitted to conspiring with a political consultant to split $53,560 embezzled from the state in a sham transaction. He was indicted on corruption charges. Pleaded guilty to felony counts tax evasion and accepting a kickback. Sentenced to 17 years in prison.

Walter Fauntroy - Democrat - Delegate to U.S. Congress from the District of Columbia from 1971 to 1991. Charged in federal court with making false statements on financial disclosure forms. Pleaded guilty to one felony count and sentenced to probation.

Carroll Hubbard, Jr. - Democrat - Kentucky State Senate from 1968 to 1975 and U.S. Representative from Kentucky from 1975 to 1993. Pleaded guilty to conspiring to defraud the Federal Elections Commission and to theft of government property; sentenced to three years in prison.

Joseph Kolter - Democrat - member of Pennsylvania State House of Representatives from 1969 to 1982 and U.S. Representative from Pennsylvania from 1983 to 1993. Indicted by a Federal grand jury on five felony charges of embezzlement at the U.S. House post office. Pleaded guilty.

Webster Hubbell - Democrat - Chief Justice of Arkansas State Supreme Court in 1983. Pleaded guilty to federal mail fraud and tax evasion charges - sentenced to 21 months in prison.

Nicholas Mavroules - Democrat - U.S. Representative from Massachusetts from 1979 to 1993. Pleaded guilty to charges of tax fraud and accepting gratuities while in office.

Carl Christopher Perkins - Democrat - Kentucky State House of Representatives from 1981 to 1984 and U.S. Representative from Kentucky from 1985 to 1993. Pleaded guilty to bank fraud in connection with the House banking scandal. Perkins wrote overdrafts totaling about $300,000. Pleaded guilty to charges of filing false statements with the Federal Election Commission and false financial disclosure reports. Sentenced to 21 months in prison.

Richard Hanna - Democrat - U.S. Representative from California from 1963 to 1974. Received payments of about $200,000 from a Korean businessman in what became known as the "Koreagate" influence buying scandal. Pleaded guilty and sentenced to federal prison.

Angelo Errichetti - Democrat - New Jersey State Senator was sentenced to six years in prison and fined $40,000 for his involvement in Abscam.

Daniel Baugh Brewster - Democrat - U.S. Senator from Maryland. Indicted on charges of accepting illegal gratuity while in Senate.

Thomas Joseph Dodd - Democrat - U.S. Senator from Connecticut. Censured by the Senate for financial improprieties, having diverted $116,000 in campaign and testimonial funds to his own use

Edward Fretwell Prichard, Jr. - Democrat - Delegate to Democratic National Convention from Kentucky. Convicted of vote fraud in federal court in connection with ballot-box stuffing. Served five months in prison.

Jerry Springer - Democrat - Resigned from Cincinnati City Council in 1974 after admitting to paying a prostitute with a personal check, which was found in a police raid on a massage parlor.

Guy Hamilton Jones, Sr. - Democrat -Arkansas State Senate. Convicted on federal tax charges and expelled from the Arkansas Senate.

Daniel Flood - Democrat - U.S. Representative from Pennsylvania from 1945 to 1947, 1949 to 1953 and 1955 to 1980. Pleaded guilty to a conspiracy charge involving payoffs and sentenced to probation.

Otto Kerner, Jr - Democrat -Governor of Illinois from 1961 to 1968. While serving as Governor, he and another official made a gain of over $300,000 in a stock deal. Convicted on 17 counts of bribery, conspiracy, perjury, and related charges. Sentenced to three years in federal prison and fined $50,000.

George Crockett, Jr. - Democrat - U.S. Representative from Michigan. Served four months in federal prison for contempt of court following his defense of a Communist leader on trial for advocating the overthrow of the government.

Cornelius Edward Gallagher - Democrat - U.S. Representative from New Jersey from 1959 to 1973. Indicted on federal charges of income tax evasion, conspiracy, and perjury

Mark B. Jimenez - Democrat fundraiser - sentenced to 27 months in prison on charges of tax evasion and conspiracy to defraud the United States and commit election financing offenses.

Bobby Lee Rush - Democrat - U.S. Representative from Illinois. As a Black Panther, spent six months in prison on a weapons charge.

Bolley ''Bo'' Johnson - Democrat - Former Florida House Speaker - received a two-year term for tax evasion.

Roger L. Green - Democrat - Brooklyn Democrat Assemblyman. Pleaded guilty to a misdemeanor for accepting travel reimbursement for trips he did not pay for and was sentenced to fines and probation.

Gloria Davis - Democrat - Bronx assemblywoman. Pleaded guilty to second-degree bribe-taking.

http://www.boycottliberalism.com/Scandals.htm

Go ahead PowerStroker! Tell me to try again, I dare ya! I double dawg dare ya! LOL

Do you give up, or are you thursty for more?



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Ah yes, the Republican cloak room in the Capitol is decorated very similar to the Democratic cloak room, and it seems the scanal lists are both lengthy.

The topic at hand however, as stated by you, the originator of this thread is how Obama allegedly squandered his half of the Bush bank bailout money, and your list still fails to explain exactly how that is.

Please try again.

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