TANC Research: "Federal Government Malfeasance by the Numbers"

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    TANC Research: "Federal Government Malfeasance by the Numbers" - Presentation Transcript

    1. Federal Government Malfeasance By The Numbers… the Time is now for Citizen Oversight www.transamericanalliance.org Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)
    2. TAXPAYERS ARE PAYING A HEAVY PRICE TO FIX THE BANKING INDUSTRY’S MESS www.transamericanalliance.org Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)
    3. BURGEONING TRADE IMBALANCE IS LEADING TO GREATER FOREIGN OWNERSHIP OF U.S. TREASURY DEBT www.transamericanalliance.org Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)
    4. QUALITY OF LIFE / STANDARD OF LIVING SCORES ARE SLIPPING IN THE U.S. vs. OTHER LEADING “DIRECT DEMOCRACIES” www.transamericanalliance.org Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)
    5. RANKS OF JOBLESS UP 57% COMPARED TO 10 YEARS AGO 10-Year U.S. Unemployment Rate 8 7.2 6 5.8 5.7 5.2 5.7 4.6 4 4.6 4.7 4.2 4.3 4.0 2 0 1998 2000 2002 2004 2006 2008 U.S. Jobless Rate in % Source: Bureau of Labor Statistics, U.S. Labor Department, yearly figures start each January, ending in December 2008. AMERICA’S HEALTHCARE SYSTEM LEAVES MORE PEOPLE FALLING THROUGH SAFETY NET Uninsured Grew 51% In 21 Years 50 47.5 40 30 31.5 20 10 0 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 Millions of People Uninsured Source: U.S. Department of Commerce, Income, Poverty, and Health Insurance Coverage in the United States: 2007 (released August 2008); 2008 updated with published estimates. www.transamericanalliance.org Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)
    6. IMPACT OF THE DEREGULATED U.S. MORTGAGE LENDING INDUSTRY & GROWTH OF SUBPRIME ARM LOANS Federal Reserve Open Market Purchases of Repo Mortgage Backed Securities (MBS), 2000–2007 Source: New York Federal Reserve (chart via Wikipedia.org) 1700% GROWTH IN PREDATORY SUBPRIME MORTGAGES — $35 BILLION (1996) TO $600 BILLION IN 2006, ACCORDING TO U.S. TREASURY DATA www.transamericanalliance.org Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)
    7. 4.4 MILLION HOME FORECLOSURES OVER THE LAST TWO YEARS, 2007-08 Federal Reserve Open Market Purchases of Repo Mortgage Backed Securities (MBS), 2000–2007 Source: RealtyTrac, U.S. Foreclosure Market Reports (chart courtesy of Wikipedia.org) IMPACT: $435 BILLION IN LOSSES FROM “MORTGAGE-BACKED SECURITIES”AS OF JULY 31, 2008 (According To U.S. Treasury dept.) www.transamericanalliance.org Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)
    8. DOMINO EFFECT OF SUBPRIME MORTGAGE CRISIS ON U.S. ECONOMY Author/Source: Farcaster, via Wikipedia.org TOTAL HOME EQUITY DROPPED $4.2 TRILLION FROM $13 TRILLION TOTAL IN 2006 TO $8.8 TRILLION BY MID-2008 www.transamericanalliance.org Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)
    9. IMPACT OF 40,000+ LOBBYISTS SPREADING THEIR INFLUENCE IN WASHINGTON, D.C. IS IT COINCIDENCE THAT THE BIGGEST BENEFACTORS OF GOV’T BAILOUTS ARE ALSO THE LARGEST LOBBYING GROUP? www.transamericanalliance.org Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)
    10. AN OVERVIEW OF WHERE YOUR HARD-EARNED TAX DOLLARS ARE BEING DISBURSED… www.transamericanalliance.org Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)
    11. MOUNTING FEDERAL GOV’T DEFICITS LEFT FOR FUTURE GENERATIONS TO CLEAN UP… U.S. Federal Budget deficits vs. total National Debt, 2000-2008 Sources: Congressional Budget Office, U.S. Treasury Dept., and White House Office of Management and Budget, 2009 Fiscal Budget (chart courtesy of Wikipedia.org) America’s Citizens Can Do Better! www.transamericanalliance.org Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)
    12. OUR “REPRESENTATIVE DEMOCRACY” OUR “REPRESENTATIVE DEMOCRACY” AT WORK! AT WORK! Americans Can Deliver REFORM with DIRECT DEMOCRACY! Americans Can Deliver REFORM with DIRECT DEMOCRACY! Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)

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