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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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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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TANC Research: "Federal Government Malfeasance by the Numbers"

  • 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)