UNDERSTANDING HOW GOVERNMENT WORKS

Wednesday 17 November 2010 at 12:24 pm. Used tags: , , , , , , , , ,

WORK IN PROGRESS; 

a. Barney Frank as a moderator

b. Speaker S

  1. Federal Reserve:  How it Prints Money (called Quantitative Easing); go to (More) video  #1
  2. Reply to Quantitative Easing Explained (Larry King invterveiwing Sarah Palin)
  3. Reply to Quantitative Easing Explained (Explanation in #1 above is a Lie)
  4. Quantitative Easing Simplified by Albert Einstein to Queen Elizabeth
  5. The Federal Reserve is Laundering Money (Creating Electronic Money out of Nothing)
  6. Quantitative Easing Revisited: The $600 million creation is not Inflationary!  Huh?
  7. Quantitative Easing Explained Better by Wonky & Woozy (The diarrhrea trap)
  8. The Real Situation (Response to QE2 Explained)
  9. Fed Announces QE2 "Buy More Stocks
  10. Hi, I'm A Tea-Partier
  11. Hi, I'm A Tea-Partier revisited
  12. A College Student Explains Obamanomics
  13. How the Bailout Really Works - an irish Parable


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Clunker Math
The person who calculated this bit of information is now and has been a Professor at The University of West Virginia in Morgantown, West Virginia for the last forty some years.
 
A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas a year.
A vehicle that travels 12,000 miles a year at 25 mpg uses 480 gallons of gas a year.
So, the average Cash for Clunkers transaction will reduce gasoline consumption by 320 gallons per year.
The government claims 700,000 clunkers have been replaced so that’s 224 million gallons saved per year.
That equates to a bit over 5 million barrels of oil.  5 million barrels is about 5 hours worth of US consumption.
More importantly, 5 million barrels of oil at $70 per barrel costs about $350 million dollars.
So, the government paid $3 billion of our tax dollars to save $350 million.
We spent $8.57 for every $1.00 we saved.
 
I’m pretty sure they will do a better job with our health care, though.

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From:Subject: North Carolina Dep. of Labor

The North Carolina Department of Labor (NCDL) claimed a small Monroe, NC farmer was not paying proper wages to his help and sent an agent out to investigate him...

NCDL employee: I need a list of your employees and how much you pay them.

Farmer: Well, there's my farm hand who's been with me for 3 years. I pay him $200 a week plus free room and board. Then there's the mentally challenged worker. He works about 18 hours every day and does about 90% of all the work around here. He makes about $10 per week, pays his own room and board, and I buy him a bottle of bourbon every Saturday night so he can cope with life. He also sleeps with my wife occasionally.

NCDL employee: That's the guy I want to talk to...the mentally challenged one.

Farmer: That would be me.

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video #1; pedestrian explanation to Quantitative Easing

 video #2:  Sarah Palin provides a liberal rebuttal to Quantitative Easing

#3d. This video argues that video #1 is false.  It argues for weakening the dollar to

encourge exports, thereby creating jobs in the USA.  There other arguments include

a strengthening of foreign currency which help American exports.  However, the major

risk is uncontrollable inflation when foregin governments buy up our cheap real estate..

#4 Albert Einstein explains Quantitative Easing to Queen Elizabeth with a massive snow

job.  Queen Elizabeth fends off all of the Einstein's promises.

#5 The Feds creates Electronic Funds out of nothing;  then posts it to the banks who

lend it back to the governement so the government can pay its debt obligations. Cute?

 #6:  Double Talk.  The Fed expands the money supply by $600 billion but claim  it is not

inflationary. But will Greenspan and the Chinese buy it? You figure it out. 

 #7. Economists in deep shit.

 #8

 #9

#10

#11

#12:  An articulate College Student explains Obamacare.  He is obviously smarter

than the social scientists from Harvard who developed the plan for Obama. 

13. How the Bailout Really Works - an Irish Parable

[video here]

It is a slow day in a damp little Irish town. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit. On this particular day a rich German tourist is driving through the town, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night. The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher. The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer. The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel. The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the pub. The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit. The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note. The hotel proprietor then places the €100 note back on the counter so the rich traveller will not suspect anything. At that moment the traveller comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets the money, and leaves town. No one produced anything. No one earned anything. However, the whole town is now out of debt and looking to the future with a lot more optimism. And that, Ladies and Gentlemen, is how the o'bama bailout package works.

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