Prez: “He’s very down-to-earth, someone who really cared and wants to make a difference"

[Fire Walk With Me]

1. Then why did he just raise college loan interest rates from 3.4% to 3.8%?

Last edited Sat Aug 24, 2013, 01:18 PM - Edit history (1)

It's sort of like how several of the Bush Tax Cut rates became permanent in the "Fiscal Cliff" scam. Smoke and mirrors, sleight of hand. The rich get more of what they want under the guise of "helping" the little guy.


"The interest rate would roughly work out to 3.86 percent this year for undergraduates and 5.42 percent for graduates."
http://news.yahoo.com/bill-lowering-student-loan-interest-rates-heads-obama-225044045.html

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EDIT: Because I'm sick of replies to this post, read this first, 'kay? Because the $1 trillion a year student loan scandal is a financial SCAM just like for-profit prisons, the "war on drugs", the "war on terror", etc. etc. etc. etc.


Larry Summers and the 'End Game' memo
THE CONFIDENTIAL MEMO AT THE HEART OF THE GLOBAL FINANCIAL CRISIS
http://www.democraticunderground.com/10023513088

Corporate Profits Have Grown By 171 Percent Under Obama -- Highest Rate Since 1900
http://www.alternet.org/news-amp-politics/corporate-profits-have-grown-171-percent-under-obama-highest-rate-1900

"Average annual corporate profit growth under Obama is the highest since 1900, whereas profit growth declined during both Bush presidencies. As a share of the economy, corporate profits have never been higher.
Unfortunately, this profit deluge has not been shared by workers, whose wages as a percentage of the economy have fallen to all-time lows. Workers also got dinged by the recent increase in the payroll tax, which was large enough to wipe out a minimum wage increase in some states."


8 Huge Corporate Handouts in the Fiscal Cliff Bill
http://www.alternet.org/news-amp-politics/8-huge-corporate-handouts-fiscal-cliff-bill

"Throughout the months of November and December, a steady stream of corporate CEOs flowed in and out of the White House to discuss the impending fiscal cliff. Many of them, such as Lloyd Blankfein of Goldman Sachs, would then publicly come out and talk about how modest increases of tax rates on the wealthy were reasonable in order to deal with the deficit problem. What wasn’t mentioned is what these leaders wanted, which is what’s known as “tax extenders”, or roughly $205B of tax breaks for corporations. With such a banal name, and boring and difficult to read line items in the bill, few political operatives have bothered to pay attention to this part of the bill. But it is critical to understanding what is going on.

5) Subsidies for Goldman Sachs Headquarters – Sec. 328 extends 'tax exempt financing for York Liberty Zone,' which was a program to provide post-9/11 recovery funds. Rather than going to small businesses affected, however, this was, according to Bloomberg, 'little more than a subsidy for fancy Manhattan apartments and office towers for Goldman Sachs and Bank of America Corp.' Michael Bloomberg himself actually thought the program was excessive, so that’s saying something. According to David Cay Johnston’s The Fine Print, Goldman got $1.6 billion in tax free financing for its new massive headquarters through Liberty Bonds."


The Untouchables: How the Obama administration protected Wall Street from prosecutions
http://www.guardian.co.uk/commentisfree/2013/jan/23/untouchables-wall-street-prosecutions-obama

Yes, Virginia, the Rich Continue to Get Richer: the Top 1% Got 121% of Income Gains Since 2009
http://www.nakedcapitalism.com/2013/02/yes-virginia-the-rich-continue-to-get-richer-the-1-got-121-of-income-gains-since-2009.html

U.S. banks in 2012 post highest profits since '06
http://www.reuters.com/article/2013/02/26/us-usa-fdic-earnings-idUSBRE91P0N820130226?utm_source=Daily+Digest&utm_campaign=de8376aab3-DD_2_27_132_27_2013&utm_medium=email#.US5jjkXSlU8.twitter

This Year’s Subsidy to Wall Street = the Amount of This Year’s Sequester Cuts
http://www.washingtonsblog.com/2013/02/this-years-subsidy-to-wall-street-the-amount-of-this-years-sequester-cuts.html#.US_yiFwwnHY.facebook

Don’t Blink, or You’ll Miss Another Bailout
http://www.cnbc.com/id/100466032

America faces more than a dozen deadlines, all caused by billionaires and wealth transfer
http://americablog.com/2013/02/america-faces-more-than-a-dozen-deadlines-all-caused-by-billionaires-and-wealth-transfer.html

Bank Bailout 2: Obama Lets Mortgage Abusers Off the Hook
http://www.commondreams.org/headline/2012/02/09-5

It’s Not a Housing Boom. It’s a Land Grab
http://colorlines.com/archives/2013/05/the_dangerous_new_housing_boom.html

Just in the last 12 months, Wall Street’s Blackstone Group has raised $8 billlion to buy up homes on Main Street. Following suit, according to The New Republic, JP Morgan Chase—the nation’s largest bank—has organized a fund to purchase 5,000 single-family homes in states with some of the most depressed real estate prices. As I wrote last year, a former Morgan Stanley housing strategist left that bank, organized a billion dollars, and is purchasing up to 10,000 homes with these new resources.

All your money and privacy are belong to BushCo
http://sync.democraticunderground.com/12528536

Download three “secret” Citigroup “Plutonomy” reports
http://our99angrypercent.wordpress.com/2011/11/27/download-citigroup-plutonomy-memos/
“Plutonomy: Buying Luxury, Explaining Global Imbalances”
“Revisiting Plutonomy: The Rich Getting Richer”
"The Plutonomy Symposium: Rising Tides Lifting Yachts"

Water privatization by the richest rich is happening now ("hydraulic empire&quot incl. the Bush family
http://www.democraticunderground.com/10023406830

The Bush family "surveillance state" has an annual budget of $1 trillion, a pig's trough exactly like Iraq:

Meet the Contractors Turning America's Police Into a Paramilitary Force
http://www.alternet.org/meet-contractors-turning-americas-police-paramilitary-force?paging=off