The Cody Word
« The banks/Illuminati/whatever will use Geithner's welfare to buy back the crap the Fed's welfare is buying from the banks
Did Anybody Bother to Read These Documents? TARP Already Explicitly Gives Treasury The Power They're Asking for Now »

  • March 23, 2009 11:53 AM EDT by Cody Willard

    Gimme Your Thoughts Before I Go on Air About -- What to Ask Senator Judd Gregg

    I mean...the Republicans can't be serious about pretending they care about deficits and dollar responsiblity now, can they?

    Sen. Gregg says Obama budget will bankrupt US

    1 day ago

    WASHINGTON (AP) — The top Republican on the Senate Budget Committee says the Obama administration is on the right course to save the nation's financial system.

    But Sen. Judd Gregg of New Hampshire also says President Barack Obama's massive budget proposal will bankrupt the country.

    Gregg says he has no regrets in withdrawing his nomination to become commerce secretary. He pulled out after deciding he could not fully back the administration's economic policies.

    The senator said Obama's spending plan in the midst of a prolonged recession would leave the next generation with a country too expensive to live in.

    Gregg appeared Sunday on CNN's "State of the Union."

    Oh, yes, the Republican/Democrat Regime is serious.  Even when just three months ago the same people were saying:

    GREGG: ADDITIONAL TARP FUNDS ARE CRITICAL FOR OUR ECONOMY DURING THESE CHALLENGING TIMES

    January 16, 2009

    Washington—United States Senator Judd Gregg (R-NH) today voted against a measure that would have deterred the release of additional funds under the Troubled Asset Relief Program (TARP) to help bolster the nation’s shaken economy.  S.J. Res 5, a resolution of disapproval, failed by a vote of (42-52).  Defeat of this measure ensures that the remaining TARP funds will be accessible, should it be deemed necessary to help stabilize the U.S. financial markets, increase the flow of credit, and address the growing foreclosure crisis.

    Sen. Gregg stated, “During these challenging times, I understand the public’s concern about the TARP program.  That said, the first release of TARP funds has been a critical step toward helping to stabilize our financial markets and preventing a catastrophic collapse of our economy.  Even with that significant federal intervention, the nation’s economy still remains in significant danger, and the financial system is going to continue to face rough times ahead.  It is therefore essential that the incoming administration has the flexibility and the resources necessary for addressing severe crises that could devastate our financial system.

    “Also, the Obama administration has pledged to Congress and to the American people to be more transparent and accountable with how it invests TARP funds and has laid out some guidelines for what it intends to do with these resources, including additional focus on foreclosure mitigation. While this is a positive step, Congress must remain vigilant to ensure that TARP funds are invested wisely and remain focused on the important goal of stabilizing our financial markets.

    “Lastly, we cannot forget that this is not just a Wall Street issue.  A healthy financial system is critical for protecting retirement savings, jobs, home prices, and Main Street businesses.  TARP therefore is critical for getting the nation’s economy moving again for all Americans.  This vote is an important step, and I will continue working with my Senate colleagues on other policies that will help us weather these trying economic times.”

    -

    It's up to free-thinkers everywhere to stop either of those fascist parties who are clearly owned by the banking and corporate syndicate in this country from claiming freedom and contract law as their platform.

    The Republican/Democrat Regime have truly gone too far in the last year...and their games are over.

    We're gonna talk to Senator Judd Gregg about his comments this weekend, about Geithner, about the bailouts in principle and more later today on Happy Hour.

    PS.  Make sure you watch America's Nightly Scoreboard with my mentor David Asman the next two weeks. I'm on almost every night and tonight I'll have be doing my best John Madden at the teleprompter explaining how the banks are actually getting another $1 trillion in welfare from Geithner's latest proposal.  Yeah, I'm serious.

RSS Subscribe to Comments

wmw

Would we not be better off to pass an amendment giving the people of this country the right to Initiative, Referendum, and Recall on a national level? I have a feeling this would be the communists worst nightmare.

March 23, 2009 at 3:23 pm

Wendy

I would love to hear a straight answer as to why the SEC refuses to suspend mark-to-market rules. This whole financial fiasco could have been avoided without spending a dime if they had done this 15 months ago. Eventually there will be a market for those toxic assets. And someone might have even made money in the process. Now, however, some bureaucrat will be determining when we, the taxpayers, should sell them and at what price. Sure bet we won't make any money back on that deal! When was the last time you saw our government run a business with a profit?

March 23, 2009 at 3:37 pm

jim burke

Please ask the Senator to cut back foreign aid and let's feed, cloth and give jobs, money to Americans first

March 24, 2009 at 7:33 am

Dianne

Please ask Senator Gregg if he is at all considering running for President in 2012. He would have my vote.

March 24, 2009 at 11:42 am

chuck kovach

by the end of this June , the econmoy will have lost over 6 mill jobs , all in the private sector .Since no jobs are being lost in the gov. sector , what impact does that have for the country, the taxpayer and to the Republican party ?

March 24, 2009 at 12:53 pm

Jay Willard

Please do not send more money to Gaza. Please no more bailouts and please, please no control for the Treasury to seize non-financial banks.organizations because who knows what they will seize and what definition they will use to do this in the name of the government. NO ACORN TAKING CENSUS. WE, THE ELDERLY DO NOT WANT TO GIVE ADDITIONAL INFORMATION TO THESE PEOPLE BECAUSE WE DO NOT KNOW WHERE THIS INFORMATION WILL END UP. The census says they will report in an honest fashion--------whoa here, were they not suppose to follow the laws and regulations and verify signatures when they were rectuiting votes for the elections (or should I say Obama)?

March 24, 2009 at 1:05 pm

Dan From Texas

Treasury just made a 1 trillion bet with taxpayer money to remove bad loans off of banks books.The taxpayer has all the risk! Why not allow private investors to buy these bad assets at an auction and not pay capital gains on the profits. They would also have the ability to take tax deductions for any losses incurred. By investors I mean everyone. This way no taxpayer money is at risk and Federal Reserve does not need to print any new money.

March 24, 2009 at 1:12 pm

CarlaJ

The administration and congress thinks giving the banks all these billions that the money will trickle down to the consumers, but I don't think it will. This has been tried too many times and failed, and it will fail this time. Why can't the money be given to the people and let it trickle up. The money would come near trickling up, because the people would pay off mortgages,other debt, invest,and spend into the economy. The consumers is 2/3"s of the economy.

March 24, 2009 at 2:16 pm

Doug

Will Congress be returing the stipends ($93,000) that each one of them received during the meltdownIf you count the sentors the amount equals $45,105,000. Ask him if AIG is required to return the money how about them plus 2/3 of their salaries? It has been 10+ years since a politician has earned their value in work completed to the betterMENT of the american citizen.

March 24, 2009 at 4:24 pm

John Krohn

When are you going to start doing your !@#$%!%#@ job and stay the !@#$!@# out of mine. How many years have you sat by, watching the winds of socialism, overspending, run-away deficits and any number of other things just happen before you without so much as a wimper and now suddenly you are on my side. OK - here is the question. "Sen Gregg - For the last 16+ years the congress has failed to take an activist regulatory position and has allowed the current recession to take place. We have created an economic disaster of historical proportions because of the poor job our elected representatives have done. What is the solution for the average voter? Is it pitchforks or term limits? We know voting does not help because my vote has the same equal weight as someone with no skin in the game and has their hand out for a portion of my pay. On a similar note, has congress decide what the root cause is of the current recession (we would like to know what your reality is versus ours) and what you intend to do to prevent this from happening again?"

March 24, 2009 at 4:31 pm

TCInTampa

Can you get Rebecca replaced by one of the smart, hot Fox anchors?

March 24, 2009 at 6:04 pm

Laura Pivonka

Question to Senator Gregg: Why did you vote for the Banking Bailout Bill, when there is NO ACCOUNTABILITY with the FED? Will you be a co-sponsor to HB 1207 for opening the FED's books? If not, why not??

March 25, 2009 at 10:43 am

jay

Was the best investment AIG made,the campaign contributions to Obama and Dodd.A few hundred grand to their campaign gave them a return of billions .Thats better than the Clintons did

March 25, 2009 at 1:16 pm

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

browse posts

most popular posts