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  1	
  
THE WHEEL SPEAKS ON 2013 – SCANDAL-VISION LIVE AND DIRECT
  2	
  
My wife is well aware and although I canʼt lie I think Olivia Pope is a hottie I watch
and enjoy Scandal for a different reason than most may view and have become
diehard fans. I hear the complaints that especially many men of African American
descent might have in common sentiments like “oh theyʼre making the sister into
the slut” or “why the sister got to be the home wrecker” I know all valid points and
very common of what weʼve been fed whenever unfortunately an African
American actress has been catapulted into the mainstream as a star on this level
ala Halle Berry (sex scene in her Academy award winning best actress
performance) or the stereotypical black women playing a maid that weʼre all tired
of even if it is a spectacular performance to their credit as well.
But truthfully I look at it as genius because writer creator Shonda Rhimes has
very cunningly done something that she should be commended for and probably
wonʼt be given the proper credit for in this society. And quite honestly I hope
sheʼs peruse by in this instance because sadly when people really begin to
dissect whatʼs being provided here they might loose interest. By the masses
many folks who in the past many not have even though twice about the political
process in this country are being introduce to it. And itʼs being fed of course on a
supposed hypothetical level but believe me it should not be difficult to correlate
the two, whatʼs real and what is perceive to be fictional or is it?
Letʼs face some facts as a collective people campaigns arenʼt won theyʼre
orchestrated just as the United States has the power and influence to dictate
whatʼs done in other countries (influencing elections) why would it not happen
right here? Being I guess on the other side of the spectrum in regards to Scandal
I am actually one who watches more so for the character that Joe Morton plays
(Olivia's father). And I truly wonder if the public at large truly correlates how many
fictionally based shows aren't as made up as you think. I've been saying for years
that President Obama's supposed victory was truly a distraction a distraction
created because of a scent that was left and a trail that had become very to easy
to follow. But theyʼre a grey area that Miss Rhimes wonʼt touch because
remember sheʼs establish herself as a television writer and itʼs a livelihood we
seen some very credible talented African American writers-producers-directors
be ostracize or exile from as well but sheʼs led so many unsuspecting African
American women especially into the dirty world of politics.
The trail we had become disturbingly close to discovering was that of money and
that being privatized money. The privatized dollar is generated and fueled on
money and one of the main characters to pay attention to especially in the last
twenty five years is former Director of CIA - Vice President - and 41st President
of the United States and father of the 43rd President George W. Bush & the
character is George Herbert Walker Bush.
  3	
  
Privatize dollars are funneled and have been for decades through people
associated with Bush ties.
Bush is currently employed by The Carlyle Group is you've never heard about
them you might want to google them and read about the interesting meetings
George Herbert Walker Bush had leading up to the exact day & time two planes
hit the WTC in 2001 (and what interestingly happen minutes after expedited
because of the Bush strong hold on this country because of his son). The grand
father Prescott Bush http://en.wikipedia.org/wiki/Prescott_Bush was a Wall Street
EXECUTIVE BANKER & eventually became a Senator. But Prescott Bush Bush
was one of seven directors (including W. Averell Harriman) of the Union Banking
Corporation, an investment bank that operated as a clearing house for many
assets and enterprises held by German steel magnate Fritz Thyssen.
Not trying to get to deep but you know sometimes to watch a show like Scandal
is a very subtle way of re-programming people who have been watching basically
bull-shit for decades. That Olivia Pope stuff is something that 's being used as a
tool on this brilliant young writers behalf and showing exactly how she's being
exploited is genius because on various levels it happens every where especially
when you have certain people doing it BIG who have not a clue there just being
used for a bigger picture. I frequently say all the time “distraction is our greatest
enemy” especially those of African American descent I watch Scandal but for a
totally different reason...but that was a hot white jacket Kerri Washington rocked
season opening episode though LOL.
Social media has enabled this type behavior about anything and people argue
almost every thing that can be considered what today? Theyʼll argue anything of
relevance because thereʼs automatically a stage in particularly these days
because it seems majority folks do have something to say. Myself included I am
not exempt but I am thankful for at least one thing in regards to Scandal whether
people want to admit it or not itʼs expose many to what for years was always
assume to exist. And thatʼs an world where itʼs not base on what you or I think
what so ever and it does exist and anyone especially in some cities that Iʼve even
lived in who are not aware that elections are rigged might want to start doing
some research themselves.
Presidents are not elected theyʼre projected and not by the American public and
every once in a while the motives change and the course of direction does as
well. Distractions are created with intent gratuities are given to reward folks gifts
are provided, and in 2009 this country was given the most patronizing gift ever.
And besides George Herbert Walker Bush never ever standing up endorsing his
own son during his campaign leading up to the Presidential election. Did it ever
seem strange to anyone that a President who left this country in such a deficit
George W. Bush is held in higher regard by a government whoʼs ulterior motive is
only to deface the current holder of the position.
  4	
  
Contributing	
  writer	
  of	
  Forbes	
  James	
  K.	
  Glassman	
  wrote	
  this	
  in	
  a	
  article	
  I’d	
  like	
  to	
  
share.	
  We	
  can	
  average	
  the	
  deficit-­‐to-­‐GDP	
  ratio	
  during	
  a	
  presidential	
  term	
  and	
  get	
  a	
  
good	
  take	
  on	
  whether	
  “deficits	
  were	
  enormous”	
  in	
  historic	
  terms	
  or	
  not.	
  The	
  only	
  
tricky	
  part	
  is	
  whether	
  to	
  give	
  a	
  president	
  credit	
  (or	
  blame)	
  for	
  his	
  incoming	
  and	
  
outgoing	
  years.	
  For	
  example,	
  President	
  Reagan	
  took	
  office	
  on	
  Jan.	
  20,	
  1980,	
  but	
  
fiscal	
  year	
  1980	
  started	
  four	
  months	
  earlier.	
  Similarly,	
  he	
  left	
  office	
  Jan.	
  20,	
  1989,	
  
but	
  fiscal	
  1989	
  still	
  had	
  four	
  months	
  to	
  run.	
  
I	
  decided	
  to	
  use	
  three	
  sets	
  of	
  calculations	
  for	
  each	
  president:	
  first,	
  the	
  deficit-­‐to-­‐GDP	
  
ratio	
  from	
  the	
  fiscal	
  year	
  he	
  took	
  office	
  to	
  the	
  fiscal	
  year	
  he	
  left	
  minus	
  one	
  (thus,	
  for	
  
Reagan:	
  1981-­‐88);	
  second,	
  from	
  his	
  first	
  fiscal	
  year	
  plus	
  one	
  to	
  the	
  fiscal	
  year	
  he	
  left	
  
(thus,	
  1982-­‐89);	
  and	
  third,	
  an	
  average	
  of	
  the	
  first	
  two	
  
Here	
  are	
  the	
  ratios	
  of	
  deficit	
  to	
  GDP	
  for	
  the	
  past	
  five	
  presidents:	
  
	
  
Ronald	
  Reagan	
  1981-­‐88	
  4.2	
  %	
  1982-­‐89	
  4.2	
  Average	
  4.2	
  
	
  
George	
  H.	
  W.	
  Bush	
  1989-­‐92	
  4.0	
  1990-­‐93	
  4.3	
  Average	
  4.2	
  
	
  
Bill	
  Clinton	
  1993-­‐2000	
  0.8	
  1994-­‐2001	
  0.1	
  Average	
  0.5	
  
	
  
George	
  W.	
  Bush	
  2001-­‐08	
  2.0	
  2002-­‐09	
  3.4	
  Average	
  2.7	
  
	
  
Barack	
  Obama	
  2009-­‐12*	
  9.1	
  2010-­‐12	
  8.7	
  Average	
  8.9	
  *fiscal	
  2012	
  ends	
  Sept.	
  30,	
  
2012,	
  so	
  this	
  figure	
  is	
  estimated	
  
	
  
Source:	
  Economic	
  Report	
  of	
  the	
  President,	
  February	
  2012	
  
The	
  results	
  for	
  President	
  Bush	
  are	
  skewed	
  by	
  the	
  10.1	
  percent	
  deficit/GDP	
  ratio	
  in	
  
fiscal	
  2009.	
  A	
  large	
  chunk	
  of	
  spending	
  in	
  that	
  year	
  went	
  to	
  the	
  Troubled	
  Asset	
  Relief	
  
Program,	
  or	
  TARP.	
  In	
  fiscal	
  2009,	
  TARP	
  contributed	
  $151	
  billion	
  to	
  the	
  budget	
  
deficit,	
  but	
  in	
  2010	
  and	
  2011,	
  $147	
  billion	
  of	
  that	
  amount	
  was	
  recouped	
  and	
  thus	
  
reduced	
  the	
  size	
  of	
  the	
  deficit	
  during	
  President	
  Obama’s	
  watch.	
  
	
  
Research	
  -­‐	
  research	
  -­‐	
  research	
  follow	
  the	
  trail	
  of	
  the	
  61st	
  Speaker	
  of	
  the	
  U.S.	
  House	
  
of	
  Representatives	
  John	
  Boehner	
  (see	
  below)	
  
	
  
Financial	
  crisis	
  
On	
  September	
  18,	
  2008,	
  Congressman	
  Boehner	
  attended	
  a	
  closed	
  meeting	
  with	
  
congressional	
  leaders,	
  then-­‐Treasury	
  Secretary	
  Henry	
  Paulson	
  and	
  Federal	
  Reserve	
  
Chairman	
  Ben	
  Bernanke,	
  and	
  was	
  urged	
  to	
  craft	
  legislation	
  to	
  help	
  financially	
  
troubled	
  banks.	
  That	
  same	
  day	
  (trade	
  effective	
  the	
  next	
  day),	
  Congressman	
  Boehner	
  
cashed	
  out	
  of	
  an	
  equity	
  mutual	
  fund.	
  
On	
  October	
  3,	
  2008	
  Boehner	
  voted	
  in	
  favor	
  of	
  the	
  Troubled	
  Asset	
  Relief	
  Program	
  
(TARP),	
  believing	
  that	
  the	
  enumerated	
  powers	
  grant	
  Congress	
  the	
  authority	
  to	
  
"purchase	
  assets	
  and	
  equity	
  from	
  financial	
  institutions	
  in	
  order	
  to	
  strengthen	
  its	
  
financial	
  sector."	
  
  5	
  
Boehner	
  has	
  been	
  highly	
  critical	
  of	
  several	
  initiatives	
  by	
  the	
  Democratic	
  Congress	
  
and	
  President	
  Barack	
  Obama,	
  including	
  the	
  "cap	
  and	
  trade"	
  plan	
  that	
  Boehner	
  says	
  
would	
  hurt	
  job	
  growth	
  in	
  his	
  congressional	
  district	
  and	
  elsewhere.	
  He	
  opposed	
  the	
  
Patient	
  Protection	
  and	
  Affordable	
  Care	
  Act	
  and	
  said	
  that,	
  if	
  Republicans	
  took	
  control	
  
of	
  the	
  House	
  of	
  Representatives	
  in	
  the	
  2010	
  elections,	
  they	
  would	
  do	
  whatever	
  it	
  
takes	
  to	
  stop	
  the	
  act.	
  One	
  option	
  would	
  be	
  to	
  defund	
  the	
  administrative	
  aspect	
  of	
  the	
  
Act,	
  not	
  paying	
  "one	
  dime"	
  to	
  pay	
  the	
  salaries	
  of	
  the	
  workers	
  who	
  would	
  administer	
  
the	
  plan.	
  He	
  also	
  led	
  an	
  opposition	
  to	
  the	
  2009	
  stimulus	
  and	
  to	
  Obama's	
  first	
  budget	
  
proposal,	
  promoting	
  instead	
  an	
  alternative	
  economic	
  recovery	
  plan	
  and	
  a	
  
Republican	
  budget	
  (authored	
  by	
  Ranking	
  Rep.	
  Paul	
  Ryan,	
  R-­‐WI).	
  He	
  has	
  advocated	
  
for	
  an	
  across-­‐the-­‐board	
  spending	
  freeze,	
  including	
  entitlement	
  programs.	
  Boehner	
  
favors	
  making	
  changes	
  in	
  Social	
  Security,	
  such	
  as	
  by	
  raising	
  the	
  retirement	
  age	
  to	
  70	
  
for	
  people	
  who	
  have	
  at	
  least	
  20	
  years	
  until	
  retirement,	
  as	
  well	
  as	
  tying	
  cost-­‐of-­‐living	
  
increases	
  to	
  the	
  consumer	
  price	
  index	
  rather	
  than	
  wage	
  inflation,	
  and	
  limiting	
  
payments	
  to	
  those	
  who	
  need	
  them.	
  
http://en.wikipedia.org/wiki/John_Boehner	
  
	
  
(Being	
  distracted	
  is	
  our	
  worst	
  enemy	
  follow	
  the	
  money	
  closely	
  ~	
  THE	
  WHEEL)	
  
	
  
(note;	
  read	
  this	
  carefully)	
  
	
  
Troubled	
  Asset	
  Relief	
  Program	
  (TARP)	
  
The	
  Troubled	
  Asset	
  Relief	
  Program	
  (TARP)	
  is	
  a	
  program	
  of	
  the	
  United	
  States	
  
government	
  to	
  purchase	
  assets	
  and	
  equity	
  from	
  financial	
  institutions	
  to	
  strengthen	
  
its	
  financial	
  sector	
  that	
  was	
  signed	
  into	
  law	
  by	
  U.S.	
  President	
  George	
  W.	
  Bush	
  on	
  
October	
  3,	
  2008.	
  It	
  was	
  a	
  component	
  of	
  the	
  government's	
  measures	
  in	
  2008	
  to	
  
address	
  the	
  subprime	
  mortgage	
  crisis.	
  
http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program	
  
	
  
(If	
  you	
  follow	
  every	
  trail	
  in	
  the	
  wilderness	
  you’ll	
  eventually	
  find	
  a	
  BUSH	
  ~	
  THE	
  
WHEEL)	
  
	
  
The	
  TARP	
  program	
  originally	
  authorized	
  expenditures	
  of	
  $700	
  billion.	
  The	
  Dodd–
Frank	
  Wall	
  Street	
  Reform	
  and	
  Consumer	
  Protection	
  Act	
  reduced	
  the	
  amount	
  
authorized	
  to	
  $475	
  billion.	
  By	
  October	
  11,	
  2012,	
  the	
  Congressional	
  Budget	
  Office	
  
(CBO)	
  stated	
  that	
  total	
  disbursements	
  would	
  be	
  $431	
  billion	
  and	
  estimated	
  the	
  total	
  
cost,	
  including	
  grants	
  for	
  mortgage	
  programs	
  that	
  have	
  not	
  yet	
  been	
  made,	
  would	
  be	
  
$24	
  billion.	
  This	
  is	
  significantly	
  less	
  than	
  the	
  taxpayers'	
  cost	
  of	
  the	
  savings	
  and	
  loan	
  
crisis	
  of	
  the	
  late	
  1980s	
  but	
  does	
  not	
  include	
  the	
  cost	
  of	
  other	
  "bailout"	
  programs	
  
(such	
  as	
  the	
  Federal	
  Reserve's	
  Maiden	
  Lane	
  Transactions	
  and	
  the	
  Federal	
  takeover	
  
of	
  Fannie	
  Mae	
  and	
  Freddie	
  Mac).	
  The	
  cost	
  of	
  the	
  former	
  crisis	
  amounted	
  to	
  3.2	
  
percent	
  of	
  GDP	
  during	
  the	
  Reagan/Bush	
  era,	
  while	
  the	
  GDP	
  percentage	
  of	
  the	
  latter	
  
crisis'	
  cost	
  is	
  estimated	
  at	
  less	
  than	
  1	
  percent.	
  While	
  it	
  was	
  once	
  feared	
  the	
  
government	
  would	
  be	
  holding	
  companies	
  like	
  GM,	
  AIG	
  and	
  Citigroup	
  for	
  several	
  
years,	
  it	
  was	
  reported	
  in	
  April	
  2010	
  that	
  those	
  companies	
  are	
  preparing	
  to	
  buy	
  back	
  
the	
  Treasury's	
  stake	
  and	
  emerge	
  from	
  TARP	
  within	
  a	
  year.	
  Of	
  the	
  $245	
  billion	
  
  6	
  
handed	
  to	
  U.S.	
  and	
  foreign	
  banks,	
  over	
  $169	
  billion	
  has	
  been	
  paid	
  back,	
  including	
  
$13.7	
  billion	
  in	
  dividends,	
  interest	
  and	
  other	
  income,	
  along	
  with	
  $4	
  billion	
  in	
  
warrant	
  proceeds	
  as	
  of	
  April	
  2010.	
  AIG	
  is	
  considered	
  "on	
  track"	
  to	
  pay	
  back	
  $51	
  
billion	
  from	
  divestitures	
  of	
  two	
  units	
  and	
  another	
  $32	
  billion	
  in	
  securities.	
  As	
  of	
  
December	
  31,	
  2012,	
  the	
  Treasury	
  had	
  received	
  over	
  $405	
  billion	
  in	
  total	
  cash	
  back	
  
on	
  TARP	
  investments,	
  equaling	
  nearly	
  a	
  non-­‐inflation-­‐adjusted	
  97	
  percent	
  of	
  the	
  
$418	
  billion	
  disbursed	
  under	
  the	
  program.	
  
	
  
On	
  October	
  3,	
  2008	
  Boehner	
  voted	
  in	
  favor	
  of	
  the	
  Troubled	
  Asset	
  Relief	
  
Program	
  (TARP),	
  believing	
  that	
  the	
  enumerated	
  powers	
  grant	
  Congress	
  the	
  
authority	
  to	
  "purchase	
  assets	
  and	
  equity	
  from	
  financial	
  institutions	
  in	
  order	
  to	
  
strengthen	
  its	
  financial	
  sector."	
  
	
  
SCANDAL-­‐VISION	
  LIVE	
  AND	
  DIRECT.	
  
	
  
	
  
Respectfully,	
  
THE	
  WHEEL	
  SPEAKS	
  ON	
  2013	
  
(The	
  Way	
  Humanity/Hudson	
  Expects	
  Everyone	
  to	
  Live)	
  
	
  

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THE WHEEL SPEAKS ON 2013 – SCANDAL-VISION LIVE AND DIRECT

  • 1.   1   THE WHEEL SPEAKS ON 2013 – SCANDAL-VISION LIVE AND DIRECT
  • 2.   2   My wife is well aware and although I canʼt lie I think Olivia Pope is a hottie I watch and enjoy Scandal for a different reason than most may view and have become diehard fans. I hear the complaints that especially many men of African American descent might have in common sentiments like “oh theyʼre making the sister into the slut” or “why the sister got to be the home wrecker” I know all valid points and very common of what weʼve been fed whenever unfortunately an African American actress has been catapulted into the mainstream as a star on this level ala Halle Berry (sex scene in her Academy award winning best actress performance) or the stereotypical black women playing a maid that weʼre all tired of even if it is a spectacular performance to their credit as well. But truthfully I look at it as genius because writer creator Shonda Rhimes has very cunningly done something that she should be commended for and probably wonʼt be given the proper credit for in this society. And quite honestly I hope sheʼs peruse by in this instance because sadly when people really begin to dissect whatʼs being provided here they might loose interest. By the masses many folks who in the past many not have even though twice about the political process in this country are being introduce to it. And itʼs being fed of course on a supposed hypothetical level but believe me it should not be difficult to correlate the two, whatʼs real and what is perceive to be fictional or is it? Letʼs face some facts as a collective people campaigns arenʼt won theyʼre orchestrated just as the United States has the power and influence to dictate whatʼs done in other countries (influencing elections) why would it not happen right here? Being I guess on the other side of the spectrum in regards to Scandal I am actually one who watches more so for the character that Joe Morton plays (Olivia's father). And I truly wonder if the public at large truly correlates how many fictionally based shows aren't as made up as you think. I've been saying for years that President Obama's supposed victory was truly a distraction a distraction created because of a scent that was left and a trail that had become very to easy to follow. But theyʼre a grey area that Miss Rhimes wonʼt touch because remember sheʼs establish herself as a television writer and itʼs a livelihood we seen some very credible talented African American writers-producers-directors be ostracize or exile from as well but sheʼs led so many unsuspecting African American women especially into the dirty world of politics. The trail we had become disturbingly close to discovering was that of money and that being privatized money. The privatized dollar is generated and fueled on money and one of the main characters to pay attention to especially in the last twenty five years is former Director of CIA - Vice President - and 41st President of the United States and father of the 43rd President George W. Bush & the character is George Herbert Walker Bush.
  • 3.   3   Privatize dollars are funneled and have been for decades through people associated with Bush ties. Bush is currently employed by The Carlyle Group is you've never heard about them you might want to google them and read about the interesting meetings George Herbert Walker Bush had leading up to the exact day & time two planes hit the WTC in 2001 (and what interestingly happen minutes after expedited because of the Bush strong hold on this country because of his son). The grand father Prescott Bush http://en.wikipedia.org/wiki/Prescott_Bush was a Wall Street EXECUTIVE BANKER & eventually became a Senator. But Prescott Bush Bush was one of seven directors (including W. Averell Harriman) of the Union Banking Corporation, an investment bank that operated as a clearing house for many assets and enterprises held by German steel magnate Fritz Thyssen. Not trying to get to deep but you know sometimes to watch a show like Scandal is a very subtle way of re-programming people who have been watching basically bull-shit for decades. That Olivia Pope stuff is something that 's being used as a tool on this brilliant young writers behalf and showing exactly how she's being exploited is genius because on various levels it happens every where especially when you have certain people doing it BIG who have not a clue there just being used for a bigger picture. I frequently say all the time “distraction is our greatest enemy” especially those of African American descent I watch Scandal but for a totally different reason...but that was a hot white jacket Kerri Washington rocked season opening episode though LOL. Social media has enabled this type behavior about anything and people argue almost every thing that can be considered what today? Theyʼll argue anything of relevance because thereʼs automatically a stage in particularly these days because it seems majority folks do have something to say. Myself included I am not exempt but I am thankful for at least one thing in regards to Scandal whether people want to admit it or not itʼs expose many to what for years was always assume to exist. And thatʼs an world where itʼs not base on what you or I think what so ever and it does exist and anyone especially in some cities that Iʼve even lived in who are not aware that elections are rigged might want to start doing some research themselves. Presidents are not elected theyʼre projected and not by the American public and every once in a while the motives change and the course of direction does as well. Distractions are created with intent gratuities are given to reward folks gifts are provided, and in 2009 this country was given the most patronizing gift ever. And besides George Herbert Walker Bush never ever standing up endorsing his own son during his campaign leading up to the Presidential election. Did it ever seem strange to anyone that a President who left this country in such a deficit George W. Bush is held in higher regard by a government whoʼs ulterior motive is only to deface the current holder of the position.
  • 4.   4   Contributing  writer  of  Forbes  James  K.  Glassman  wrote  this  in  a  article  I’d  like  to   share.  We  can  average  the  deficit-­‐to-­‐GDP  ratio  during  a  presidential  term  and  get  a   good  take  on  whether  “deficits  were  enormous”  in  historic  terms  or  not.  The  only   tricky  part  is  whether  to  give  a  president  credit  (or  blame)  for  his  incoming  and   outgoing  years.  For  example,  President  Reagan  took  office  on  Jan.  20,  1980,  but   fiscal  year  1980  started  four  months  earlier.  Similarly,  he  left  office  Jan.  20,  1989,   but  fiscal  1989  still  had  four  months  to  run.   I  decided  to  use  three  sets  of  calculations  for  each  president:  first,  the  deficit-­‐to-­‐GDP   ratio  from  the  fiscal  year  he  took  office  to  the  fiscal  year  he  left  minus  one  (thus,  for   Reagan:  1981-­‐88);  second,  from  his  first  fiscal  year  plus  one  to  the  fiscal  year  he  left   (thus,  1982-­‐89);  and  third,  an  average  of  the  first  two   Here  are  the  ratios  of  deficit  to  GDP  for  the  past  five  presidents:     Ronald  Reagan  1981-­‐88  4.2  %  1982-­‐89  4.2  Average  4.2     George  H.  W.  Bush  1989-­‐92  4.0  1990-­‐93  4.3  Average  4.2     Bill  Clinton  1993-­‐2000  0.8  1994-­‐2001  0.1  Average  0.5     George  W.  Bush  2001-­‐08  2.0  2002-­‐09  3.4  Average  2.7     Barack  Obama  2009-­‐12*  9.1  2010-­‐12  8.7  Average  8.9  *fiscal  2012  ends  Sept.  30,   2012,  so  this  figure  is  estimated     Source:  Economic  Report  of  the  President,  February  2012   The  results  for  President  Bush  are  skewed  by  the  10.1  percent  deficit/GDP  ratio  in   fiscal  2009.  A  large  chunk  of  spending  in  that  year  went  to  the  Troubled  Asset  Relief   Program,  or  TARP.  In  fiscal  2009,  TARP  contributed  $151  billion  to  the  budget   deficit,  but  in  2010  and  2011,  $147  billion  of  that  amount  was  recouped  and  thus   reduced  the  size  of  the  deficit  during  President  Obama’s  watch.     Research  -­‐  research  -­‐  research  follow  the  trail  of  the  61st  Speaker  of  the  U.S.  House   of  Representatives  John  Boehner  (see  below)     Financial  crisis   On  September  18,  2008,  Congressman  Boehner  attended  a  closed  meeting  with   congressional  leaders,  then-­‐Treasury  Secretary  Henry  Paulson  and  Federal  Reserve   Chairman  Ben  Bernanke,  and  was  urged  to  craft  legislation  to  help  financially   troubled  banks.  That  same  day  (trade  effective  the  next  day),  Congressman  Boehner   cashed  out  of  an  equity  mutual  fund.   On  October  3,  2008  Boehner  voted  in  favor  of  the  Troubled  Asset  Relief  Program   (TARP),  believing  that  the  enumerated  powers  grant  Congress  the  authority  to   "purchase  assets  and  equity  from  financial  institutions  in  order  to  strengthen  its   financial  sector."  
  • 5.   5   Boehner  has  been  highly  critical  of  several  initiatives  by  the  Democratic  Congress   and  President  Barack  Obama,  including  the  "cap  and  trade"  plan  that  Boehner  says   would  hurt  job  growth  in  his  congressional  district  and  elsewhere.  He  opposed  the   Patient  Protection  and  Affordable  Care  Act  and  said  that,  if  Republicans  took  control   of  the  House  of  Representatives  in  the  2010  elections,  they  would  do  whatever  it   takes  to  stop  the  act.  One  option  would  be  to  defund  the  administrative  aspect  of  the   Act,  not  paying  "one  dime"  to  pay  the  salaries  of  the  workers  who  would  administer   the  plan.  He  also  led  an  opposition  to  the  2009  stimulus  and  to  Obama's  first  budget   proposal,  promoting  instead  an  alternative  economic  recovery  plan  and  a   Republican  budget  (authored  by  Ranking  Rep.  Paul  Ryan,  R-­‐WI).  He  has  advocated   for  an  across-­‐the-­‐board  spending  freeze,  including  entitlement  programs.  Boehner   favors  making  changes  in  Social  Security,  such  as  by  raising  the  retirement  age  to  70   for  people  who  have  at  least  20  years  until  retirement,  as  well  as  tying  cost-­‐of-­‐living   increases  to  the  consumer  price  index  rather  than  wage  inflation,  and  limiting   payments  to  those  who  need  them.   http://en.wikipedia.org/wiki/John_Boehner     (Being  distracted  is  our  worst  enemy  follow  the  money  closely  ~  THE  WHEEL)     (note;  read  this  carefully)     Troubled  Asset  Relief  Program  (TARP)   The  Troubled  Asset  Relief  Program  (TARP)  is  a  program  of  the  United  States   government  to  purchase  assets  and  equity  from  financial  institutions  to  strengthen   its  financial  sector  that  was  signed  into  law  by  U.S.  President  George  W.  Bush  on   October  3,  2008.  It  was  a  component  of  the  government's  measures  in  2008  to   address  the  subprime  mortgage  crisis.   http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program     (If  you  follow  every  trail  in  the  wilderness  you’ll  eventually  find  a  BUSH  ~  THE   WHEEL)     The  TARP  program  originally  authorized  expenditures  of  $700  billion.  The  Dodd– Frank  Wall  Street  Reform  and  Consumer  Protection  Act  reduced  the  amount   authorized  to  $475  billion.  By  October  11,  2012,  the  Congressional  Budget  Office   (CBO)  stated  that  total  disbursements  would  be  $431  billion  and  estimated  the  total   cost,  including  grants  for  mortgage  programs  that  have  not  yet  been  made,  would  be   $24  billion.  This  is  significantly  less  than  the  taxpayers'  cost  of  the  savings  and  loan   crisis  of  the  late  1980s  but  does  not  include  the  cost  of  other  "bailout"  programs   (such  as  the  Federal  Reserve's  Maiden  Lane  Transactions  and  the  Federal  takeover   of  Fannie  Mae  and  Freddie  Mac).  The  cost  of  the  former  crisis  amounted  to  3.2   percent  of  GDP  during  the  Reagan/Bush  era,  while  the  GDP  percentage  of  the  latter   crisis'  cost  is  estimated  at  less  than  1  percent.  While  it  was  once  feared  the   government  would  be  holding  companies  like  GM,  AIG  and  Citigroup  for  several   years,  it  was  reported  in  April  2010  that  those  companies  are  preparing  to  buy  back   the  Treasury's  stake  and  emerge  from  TARP  within  a  year.  Of  the  $245  billion  
  • 6.   6   handed  to  U.S.  and  foreign  banks,  over  $169  billion  has  been  paid  back,  including   $13.7  billion  in  dividends,  interest  and  other  income,  along  with  $4  billion  in   warrant  proceeds  as  of  April  2010.  AIG  is  considered  "on  track"  to  pay  back  $51   billion  from  divestitures  of  two  units  and  another  $32  billion  in  securities.  As  of   December  31,  2012,  the  Treasury  had  received  over  $405  billion  in  total  cash  back   on  TARP  investments,  equaling  nearly  a  non-­‐inflation-­‐adjusted  97  percent  of  the   $418  billion  disbursed  under  the  program.     On  October  3,  2008  Boehner  voted  in  favor  of  the  Troubled  Asset  Relief   Program  (TARP),  believing  that  the  enumerated  powers  grant  Congress  the   authority  to  "purchase  assets  and  equity  from  financial  institutions  in  order  to   strengthen  its  financial  sector."     SCANDAL-­‐VISION  LIVE  AND  DIRECT.       Respectfully,   THE  WHEEL  SPEAKS  ON  2013   (The  Way  Humanity/Hudson  Expects  Everyone  to  Live)