Neil Barofsky, IG of TARP, explains why TARP could cost us $24 TRILLION and that the Treasury wants to hide the truth

As you read this, note that its not a front page article.  Oh hell no.  $24 trillion dollars is hidden in the blog section of ABC news.  (Emphasis is mine)

Called the “SIGTARP,” Barofsky appeared before Congress this week and told them that the government’s commitment to fix the financial system could potentially reach $23.7 trillion, and criticized the Treasury Department for calling his team’s estimate “inflated.”

“I think that the Treasury Department ought to read the report before they make comments, at least the spokesperson’s office,” Barofsky said. “Our methodology is laid out in black and white in the report. … As far as the numbers being inflated, where do you think we got the numbers from? We got it from the Treasury Department, we got it from the Federal Reserve. … If these numbers are inflated, it’s because they inflated them when they put them out in the public, not because of us.”  –  ABC News Blog/Podcast

And the best line?  Maybe the Treasury should try getting a calculator…

“Perhaps their criticism is that we dare to do math,” he said. He added that his team tried to convince the Treasury that they were wrong, and that recipients should be required to report on how they use the federal funds, and those should be shown to the American people so that they know it’s “not being thrown into a black hole.”

This guy is awesome.  He had better be careful.  Soon he might end up being accused of being senile and given an hour to quit, like Walpin.

CBO does it again: Key ObamaCare cost-cutting proposal probably won’t save money

HotAir’s Allahpundit says it best, so click the link and read it.

…on Saturday, the Congressional Budget Office said the proposal to give an independent panel the power to keep Medicare spending in check would only save about $2 billion over 10 years- a drop in the bucket compared to the bill’s $1 trillion price tag.

Is it just me or is the CBO one of Obama’s worst enemies?

Iraq investigates Obama administration… "meetings violated Iraqi sovereignty and showed tolerance for terrorists"

Wow.  What more can be said?

Iraq said Friday it was investigating reports that U.S. delegates and Sunni insurgents held reconciliation talks in Turkey this year, alleging the meetings violated Iraqi sovereignty and showed tolerance for terrorists.The State Department acknowledged that unspecified meetings took place, but said Iraq knew about them at the time.  — Atlas Shrugs

So, Obama tries to subvert the legal democracy in Honduras and now tries to undermine the democracy in Iraq and help the terrorists.  Its really terrifying when the greatest threat to democracy in the world is the president of the US.

It will be interesting to see what Iraq finally determines.  Wouldn’t it be interesting if Iraq brought the State Dept up on charges?  What would happen then?  If anyone has a legal background and knows about this, please comment.  I really am interested in this question.

Obama wants to make sure Honduras stops following thier Constitution

Obama’s administration has something against Honduras.  Thier “president” disobeys the courts, attempts to subvert thier constitution, attempts to rig the vote, and steals millions from the country and Obama turns on the lawful government of Honduras after they legally remove him from office.

To add insult to injury:

Washington has already suspended more than $18 million in military and development assistance.  — Patterico

Why?  To me, it seems that Obama is worried that the US will see removing a president for subverting the Constitution as acceptable, and he is scared to death that someone will notice he wants to do the same thing.  He is already breaking laws now.

Disgusting – 8 year old girl is raped by 4 youths, disowned by parents

Disgusting Part 1:  An 8 year old girl is raped by 4 boys aged 14 and younger.

On July 16, 2009, in the city of Phoenix Arizona, four young, neighborhood boys, ages 9, 10, 13, and 14 lured a little girl into an empty shed. The boys used chewing gum to lure the girl into the shed. It is believed the 14 year old was the ring leader. When the little girl went into the shed, to get chewing gum, from her cousin and three other boys; the boys held her down and took turns raping the small girl.  — Associated Content

Disgusting Part 2:   Parents disown the child because she has brought dishonor to the family for being a victim.

A father said his daughter brought shame to the family. The grown sister told the young victim, it’s not good to follow boys because you are little. She also feels the victim brought shame to the family. Even the mother shunned the little girl. The family feel that the little girl brought shame to them because she was raped. The victim’s sister also said, the little girl is bringing confusing among us.

 Question:  Anyone want to put odds on this family being Muslim?

UPDATE:  The parent’s names?   Mohammad Shafia and Tooba Mohammad Yehya

Sarah Palin – The more I see, the more impressed I am

Sarah Palin is still upbeat, after all that she has been hit with.  She loves the military and the country.  Its a shame our president is the polar opposite of her.

Presidential Approval Index at -9%, lowest yet. – Rasmussen

Bwahaha.  Notice that the more he talks, the worse he gets?

I am fine with middle-class taxes, so long as it doesn't pay for most of my bill – Why is the MSM ignoring this?

I noticed this during Obama’s latest prime time fiasco and was waiting for the media to go insane. 

And so, if I see a proposal that is primarily funded through taxing middle class families, I’m going to be opposed to that because I think there are better ideas to do it. — Obama, July 22, 2009

 This man swore again and again that there would be no tax increases on the middle class.  This is a major change to what he said before and a major policy shift.  And no one cares.  What the hell is going on here?  Why is it not being covered and slammed???

It was covered by the blogs, like HotAir, but where is the media outrage at the One’s lies?

So many things should be major headlines, but get ignored.  Even the $24 trillion cost of the TARP crap isn’t getting play.  I had to search on Fox News to find it and thats where I first saw it.

I wonder what his polls would look like if the truth was actually reported on all this stuff.  No one is even asking the One to clarify this.

Ahmadinejad learns to obey his masters and dumps VP.

From one of my favorite blogs today:

After having a senior cleric read a public fatwa against his choice of first vice-president and a televised order from Supreme Leader Ali Khamenei telling Ahmadinejad to get rid of his toady, the Iranian president finally accepted the resignation of his son’s father-in-law from the post  — HotAir

Please check my blog roll.  I have spent most of my time focusing on the US economy, but there are other threats in the world, some much more dangerous to us all than Obama.  Iran, Islamic fundamentalism, and so on.  Some of those sites cover these much better than I could.  I highly recommend Jihad Watch.  Robert Spencer is an outstanding author and backs up everything he says.

Rassussen poll shows over two-thirds of the nation think Stimulus bill was useless!

This is awesome and feeds my call to reverse the bill and get our money back, but there is no way the Dems would do that to the One.

A new Rasmussen Reports national telephone survey finds that only 25% of U.S. voters now say the stimulus plan has helped the economy. That’s a six-point drop from a month ago.

Thirty-one percent (31%) say the stimulus actually hurt the economy, little changed from a month ago. However, this is the first poll showing that more voters believe the plan hurt rather than helped.

A plurality (36%) says the plan has had no impact.  — Rasmussen

Now, give that some thought.  A trillion dollars, wasted on a Stimulus bill that is so bad, that Obama, who screamed again and again we needed emergency stimulus, is now afraid to call it a “Stimulus” bill.  It’s now a “Stabilization” bill.  A bill that has the large majority of the money already handed out going to Obama supporting areas and the people who need it least.  A bill that crippled the economy.  A failed experiment.

Add to this the multi-billion dollar bailouts of US car companies (please don’t notice that the only one who didn’t accept it just posted a profit…nothing to see here) and the bank takeover bailout that may cost us $23 TRILLION more.

And now this ecenomic retard, this traitor who through his ignorance, hatred of capitalism and the US, and his ego is trying to foist on us a health care fiasco of epic proportions.  How does he still have support?  How can anyone in thier right mind say that the stimulus helped?  Exploding deficit, record unemployment with no end in sight….  WHAT IS WRONG WITH THESE PEOPLE.

Ok, rant over.  Read the poll.