Don’t Worry About Wall Street Falling,
Have no worries about banking Collapse,
Don’t worry about the cost of Inauguration,
No worry about phony Global Warming Costs,
Consolidated Administration Regulation Program
Could be approved which would end the Depression!
Please let me know when the Inauguration ends, if Ever!
The TV voices cry over and over saying: Never, Never, Never!
January 20, 2009
http://www.tribulationperiod.com/
Begin Excerpt from IbmLive.com
DON’T WORRY ABOUT THE COST OF OBAMA INAUGURATION
Obama’s inauguration ball, costliest in US history
June 16, 2008
Washington: While America battles one of the worst recession in recent years, president-elect Barack Obama may just add on to the financial crunch in his inauguration as President of the United States.
His inauguration ceremony on January 20th is expected to cost a whopping 150 million dollars, making it the most expensive in American History.
Part of the spending includes emergency funding announced by the White House to help with the soaring costs. The surge in spending is partly because of Obama’s decision to make the event as accessible to
the public as possible.
Obama’s inauguration expenses will overshadow his predecessor’s 42.3 million dollars that were spent on George W Bush’s inauguration in 2005 and 33 million dollars on Bill Clinton’s in 1993.
Around 1.5 to two million people are expected to attend the swearing-in ceremony of the United States’ first African American president.
Here’s what to expect, put in numbers:
One ton each of chocolate and cheese.
About 1,500 cases of beer.
Eight hundred pounds (363 kilograms) of bison.
Those are just a few items that the Marriott Wardman Park, Washington’s largest hotel, is stocking for the 49,000 meals it expects to serve January 17 through Inauguration Day.
The hotel is among many businesses and government agencies trying to quantify whatever they can before President-elect Barack Obama’s swearing-in on January 20.
“It’s just amazing,” said Christopher Otway, the Wardman’s catering director.
“The chef hands you the list and says these are the quantities they need and you say, ‘Oh my God!'”
For inaugural planners, dealing with the numbers at first was daunting, said Peter Gage, parade director for the Presidential Inaugural Committee.
The trick to keeping track? “You’ve got to break it down,” Gage said.
A rundown of the numbers, including more than a few estimates:
$40 million, the estimated cost of the inaugural parade, balls, opening ceremonies, giant television screens on National Mall and other expenses for the Presidential Inaugural Committee.
432, total Presidential Inaugural Committee staff members.
0, how many of the free 240,000 tickets that have been distributed thus far for the swearing-in ceremony. They go out this coming week.
58, law-enforcement and other agencies working on security.
8,000, District of Columbia police officers on duty, and those hired from departments around the country.
1,000, US Park Police officers on duty, and those hired from outside departments.
550, Metro transit police on duty, and those hired from outside departments.
10,000, National Guardsmen helping law enforcement agencies in and around the city.
20,000, passengers Metro trains can carry per hour on Inauguration Day.
2 million, inauguration subway maps Metro is printing.
10,000, charter buses expected to descend on the city.
600, hotel rooms left in Washington.
90,000, unique hits that Destination D.C., the city’s tourism bureau, has received on its inauguration Web site.
13,000, military and civilian participants in the inaugural parade, including marching bands.
112, light bulbs replaced in lampposts on Pennsylvania Avenue parade route.
10, large screens broadcasting swearing-in on the National Mall.
1,000, vendors so far who have received licensed spots to sell wares around parade route and city streets.
15,000 to 18,000, volunteers helping Presidential Inaugural Committee around the city.
4,100, minimum number of portable toilets available to the public.
10, official inaugural balls.
12,000, eggs that chefs at the Willard InterContinental Hotel will use for meals from Jan. 17 through the inauguration.
10,000, square footage (930 square meters) of the swearing-in stage.
6, number of bicycle rickshaws D.C. Pedicab plans to operate.
(With inputs from CNN-IBN and AP)
End Excerpt with Inputs from CNN-IBM and AP
NO WORRY ABOUT BILLIONS SPENT FOR PHONY GLOBAL WARMING TO WHICH OBAMA IS FIRMLY COMMITTED!
Begin Excerpt from Flint Journal by John Tomlinson
It’s time to pray for global warming, says Flint Journal columnist John Tomlinson
by John Tomlinson | Flint Journal Columnist
Monday January 19, 2009, 4:20 AM
Flint Journal’s
John Tomlinson
If you’re wondering why North America is starting to resemble nuclear winter, then you missed the news.
At December’s U.N. Global Warming conference in Poznan, Poland, 650 of the world’s top climatologists stood up and said man-made global warming is a media generated myth without basis. Said climatologist Dr. David Gee, Chairman of the International Geological Congress, “For how many years must the planet cool before we begin to understand that the planet is not warming?”
I asked myself, why would such obviously smart guy say such a ridiculous thing? But it turns out he’s right.
The earth’s temperature peaked in 1998. It’s been falling ever since; it dropped dramatically in 2007 and got worse in 2008, when temperatures touched 1980 levels.
Meanwhile, the University of Illinois’ Arctic Climate Research Center released conclusive satellite photos showing that Arctic ice is back to 1979 levels. What’s more, measurements of Antarctic ice now show that its accumulation is up 5 percent since 1980.
In other words, during what was supposed to be massive global warming, the biggest chunks of ice on earth grew larger. Just as an aside, do you remember when the hole in the ozone layer was going to melt Antarctica? But don’t worry, we’re safe now, that was the nineties.
Dr. Kunihiko, Chancellor of Japan’s Institute of Science and Technology said this: “CO2 emissions make absolutely no difference one way or the other … every scientist knows this, but it doesn’t pay to say so.” Now why would a learned man say such a crazy thing?
This is where the looney left gets lost. Their mantra is atmospheric CO2 levels are escalating and this is unquestionably causing earth’s temperature rise. But ask yourself — if global temperatures are experiencing the biggest sustained drop in decades, while CO2 levels continue to rise — how can it be true?
Ironically, in spite of being shown false, we must now pray for it.
Because a massive study, just released by the Russian Government, contains overwhelming evidence that earth is on the verge of another Ice Age.
Based on core samples from Russia’s Vostok Station in Antarctica, we now know earth’s atmosphere and temperature for the last 420,000 years. This evidence suggests that the 12,000 years of warmth we call the Holocene period is over.
Apparently, we’re headed into an ice age of about 100,000 years — give or take. As for CO2 levels, core samples show conclusively they follow the earth’s temperature rise, not lead it.
It turns out CO2 fluctuations follow the change in sea temperature. As water temperatures rise, oceans release additional dissolved CO2 — like opening a warm brewsky.
To think, early last year, liberals suggested we spend 45 trillion dollars and give up five million jobs to fix global warming.
But there is good news: now that we don’t have to spend any of that money, we can give it all to the banks.
John Tomlinson is a local conservative columnist for The Flint Journal. He lives in the Genesee County area. You can e-mail him. Read more columns by John Tomlinson.
DON’T WORRY ABOUT OUR BANKS COLLAPSING – IF OBAMA’S GROUP DECIDES TO INSTITUTE A NEW PROGRAM UNDER THE BAILOUT FUND KNOWN AS THE TROUBLED ASSET RELIEF PROGRAM (TARP) THERE IS NO TELLING WHAT NEWLY CREATED CHAOS WILL ARISE – SO I HAVE DECIDED TO GIVE IT A NEW MORE OFFICIAL SOUNDING TITLE – THE “CONSOLIDATED REGULATORY ADMINISTRATION PROGRAM (CRAP),” BASED ON WHAT I SUSPECT IT WILL PRODUCE.
Begin Excerpt from Yahoo News via Reuters
Obama team weighs government bank to ease crisis
By Tim Ahmann
January 17, 2009
WASHINGTON (Reuters) – The incoming Obama administration is considering setting up a government-run bank to acquire bad assets clogging the financial system, a person familiar with the Obama team’s thinking said on Saturday.
The U.S. Federal Reserve, Treasury and Federal Deposit Insurance Corp have been in talks about ways to ease a banking crisis that is once again deepening — and a government-run “aggregator bank” is among the options.
Outgoing Treasury Secretary Henry Paulson and FDIC Chairman Sheila Bair both said on Friday a government bank was one of a number of ideas U.S. regulators had been discussing.
The source said advisers to President-elect Barack Obama, who takes office on Tuesday, were also considering the idea of an aggregator bank among a range of options that could be pursued.
David Axelrod, a top adviser to Obama, told Reuters the new administration would have something to say about a fresh approach to the financial crisis in “the next few days.”
“I’m not going to get into the structure of how we’re going to approach the revamped financial rescue package,” Axelrod said after speaking to a conference of mayors in Washington.
“What we have to do is approach this with a lot more transparency on the front end.”
In addition to steps to bolster banks, Obama officials want to aggressively attack the underlying causes of the credit crisis: the sharp downturn in the U.S. housing market and the related deterioration in mortgage-related assets.
“There are a range of things we’re going to have to do to stabilize the financial community and part of it is going to involve housing, and part of it is going to involve how we approach this issue generally,” Axelrod said.
BACK TO THE FUTURE
In outlining the idea of an aggregator bank on Friday, Bair and Paulson said the government could use money from the Treasury-administered $700 billion financial rescue fund to capitalize a new institution that would be able to absorb toxic assets now weighing down bank balance sheets.
The hope would be that taking these bad assets off the hands of banks would allow the banks to attract badly needed private capital and renew lending, the original intention behind the bailout fund known as the Troubled Asset Relief Program (TARP).
“I think the key thing is assets purchases, and if you buy something, you have to put it somewhere,” said Mark Zandi, chief economist at Moody’s Economy.com.
A surge in U.S. mortgage defaults led to a global credit crisis that has raged since the summer of 2007. Last week, Goldman Sachs estimated that losses worldwide could mount to $2 trillion, about double what has been realized so far.
British Prime Minister Gordon Brown told the Financial Times on Saturday that banks need to reveal the true size of their losses as a step toward moving past the crisis.
While officials have been discussing leveraging money from the U.S. bailout fund, it is not clear whether the fund is large enough for the task at hand.
“They may very well have to come back to ask (Congress) for TARP Two,” Zandi said.
ACTIONS NEEDED
Fed Chairman Ben Bernanke said on Tuesday it was critical to bolster the banking system as a complement to the effort underway in Washington to enact a huge package of tax cuts and spending to lift the recession-mired economy.
“Fiscal actions are unlikely to promote a lasting recovery unless they are accompanied by strong measures to further stabilize and strengthen the financial system,” Bernanke said, laying out three possible ways to aid ailing banks.
The government could buy the assets, perhaps through so-called reverse auctions, as originally planned, but analysts said that is an extremely complicated endeavor and it no longer seems to have traction among policy-makers.
Bernanke also said the government could offer guarantees against losses on assets that would be ring-fenced but remain on bank balance sheets, a tactic the government has used to help Citigroup and Bank of America.
The third option would be to set up bad banks with government cash, an approach similar to the U.S. Resolution Trust Corp, which liquidated almost $400 billion in assets from more than 700 insolvent savings and loans institutions from 1989 to 1995.
(Additional reporting by Jim Wolf; Editing by John O’Callaghan)
End of Excerpt from Yahoo News
SO JUST SIT BACK AND ENJOY THE MAD HATTER’S PARTY AS FLOWER GIRLS TROT DOWN THE AISLE THROWING MORE MONEY AT EVERY NEW PROBLEM, AND THE MEDIA WORSHIPS ITS NEW WASHINGTON IDOL. THE GOD OF MAMMON CAN PROP UP MAMMON WITH MAMMON FOR A YEAR OR TWO, BUT THEM COMES THE RECKONING!
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