US Deficit Increases

US Deficit Increases

December 2009. The US Deficit has now climbed over 12 Trillion Dollars.

How long does it take to count to just 1 Trillion?

According to Wiki Answers...

200,000 Year

 

United States Deficit | US Deficit | Letter to President Obama Song News and References by Justin Wright

United States Deficit

Astronomical numbers that you could never count in your lifetime, Trillions of Dollars. I really do not like thinking about this debt, its a nightmare, and all it does is go up almost $100,000 a few seconds.

Want to watch the clock in action?

US Debt Clock

 

AIG, American International Group

AIG

AIG, American International Group. I began seeing many ills in our Nation, and this is just one of the companies that I believe are taking advantage of the current Bailout funds.

The good news here is I really don't need to say much about this company because you see and hear about this company almost daily. Their CEO's continually find ways to sneak around the Presidents demands to be responsible for their actions, and I see President Obama Reprimand this company by offering more and more money.

The whole song idea sparked from controversy that AIG gave huge bonuses around March 2009. The President was giving a speech in Costa Mesa, where he stated that he would take responsibility, and ensure that this abuse would stop.

It never stopped; bonuses changed to retention, but still gave away money for Failing, you don’t even have to work there anymore.

Now I don't know enough to say good or bad about this next individual. Way too much too read, and read between the lines, but I will share what I read, a CBS News Article that made me sick in the stomach; the previous CEO Maurice R. "Hank" Greenberg was involved in a scandal of 4.3 billion in stock from the company in 2005. Who knows the real story, but I do know Greenberg left AIG, to join forces with C.V. Starr.

What is interesting, both AIG and C.V. Starr were founded and created by the same person Cornelius Vander Starr. So when former CEO of AIG was ousted over a multi-billion dollar scandal he goes to C.V. Starr??? Does this only raise questions with me, did I miss something here? Now the good news, looks like all the hard work Greenberg accomplished at AIG, and the billions he took from AIG, he gets to keep, as AIG and former CEO Greenberg settled.

 I have received many bonuses as a salesman, how did I get bonuses? Whenever I was excelling at my job, posting a high number of sales or even from being the best salesman; my boss would usually give me a bonus. I bet many of you also get bonuses for your excellent performance at work.

 

Banks Mortgage Debt

Banks Mortgage Debt

Mortgage debt is being sold off very cheap, these Foreclosed Home Loans, even loans that are in good standing get sold in giant pools of money. Not the kind of pool that is filled with cash, but equity and asset stakes.

What does this mean...it means that America is slowly selling its assets to somebody overseas

News and references for Mortgage Companies selling debt overseas:

• Fannie Mae | Bloomberg
• Bruce Bartlett – Forbes Columnist
• Mortgage Loan.com
• Wikipedia | Citibank Selling Off
• The Real Deal
• GH Bank Housing
• Market Watch
• SEC .gov

 

AIG Sells Debt

This is just one of the company's that is selling off debt and assets cheap overseas. AIG has forced the creation of some interesting LLC's, and more complex business structures. It is so complex, I will just offer links for you to read all about it.

News and references for AIG selling its debt off:

• Bloomberg
• Finance Asia
• Maiden Lane iii
• New York Fed.org
• Federal Reserve Statistics
• Life and Health Insurance Underwriters
• Public Intelligence
• Silo Breaker
• BlackRock | Forbes News

 

America sells itself back to the World

America sells itself back to the World

So it looks like we the United States are selling back to the World what took us so long to build up our Countries assets.

Whatever happened to Buy American, American Built, Employing Americans?

Corporations are so interested in making money, they look for the cheapest labor, get cheaper quality products, and US citizens lose their jobs.

Long term effects, you eventually kill the economy. Americans are the biggest consumers in the World, until you take their jobs, and money away.

What we do in America affects the World.

 

Let's Take a Lesson from US History

U.S. History

I rarely see the US Government state that they have successfully reduced their own spending and have started paying back the US Deficit. Imagine if we as a Country could actually budget money wisely, stop increasing spending but continually reduce spending, or even better come up with a balance. In my opinion the US Government is the worst business man, while America bleeds and struggles to survive; they continue growth and spending…money they don’t even have to spend.

The U.S.S.R or Russian Empire could possibly teach us a good lesson from History. Their leaders squandered all the money and reserves, while their Country fell apart. Just before their collapse they started trying to fix their problems (maybe exploiting more?) by selling off assets dirt cheap. Similar to maybe you, the US Citizen who lost his job, and now goes to the Pawn Shop to get pennies on the dollar for your valuable assets. It’s a quick fix, but you will lose in the end, because it is not a solution to getting back on your feet.

Take the State of Alaska, our Country the United States of America purchased the land now known as the State of Alaska dirt cheap from the Russian Empire in 1867, for $0.019 cents an acre, yes that’s right almost two pennies an acre! America was truly smart in acquiring property like the Louisiana Purchase, The Alaska Purchase, and many more terrific deals, why because it helped us grow as a super power, every great country in History teaches us expansion into new territories almost guarantees your success, Egypt, Mongols, Persians, Romans, and of course Great Britain.

 

Federal Reserve Chairman Ben Bernanke | Letter to President Obama | Lyrics by Justin Wright

Federal Reserve Chairman

Ben. S Bernanke

Federal Reserve Chairman: Ben Shalom Bernanke
CNN Money 12/03/2009
CNN 06/21/2009
Yahoo News 12/04/2009
RTE Business 12/04/2009
AFP – Google News Update 12/18/2009
NY Times 12/03/2009

Best of all…When in doubt go to the source of information, Mr. Bernanke himself. Watch the videos, of the CSPAN coverage of Bernanke defending the mistakes he has made.

Federal Reserve Chairman Ben Bernanke in his Own Words

C-Span Coverage of the Federal Chairman Ben Bernanke

Check 60 minutes into this video, and again fast forward to 80-85 minutes.

Hey…I really don’t blame this guy too much, he took on an enormous job, and I know I wouldn’t want this responsibility on anybody. I think he may be getting set up to be the biggest fall guy in history…Run for your life.

That said, since he will be doing another term, I will pass some friendly advice. Take responsibility and tell Congress, The President, and everyone else applying pressure that our Nation is broke. I don’t know who is creating these creative ways to exploit the system through crazy LLC’s run by the government that buy and sell debt cheap overseas like Maiden Lane I, Maiden Lane II, and Maiden Lane III.

Please stop this craziness, think of your place in History, and your role into preserving our Country. Help America rebuild, hit them with reality now…do not wait until we crumble as a Nation.

 

AIG Party after Bailout

Have you ever thrown a party, celebrating an event or special occassion? Yes, I know you have, we all have. You just got the job, and your spouse takes you out to celebrate. Now when you are in a budget crisis and go out to celebrate do you have complete disregard for the money you spend? Will you spend Half-A-Million, wait a minute that's more than my house is worth...

AIG and their present management are some of the smartest cats on the block, wouldn't you agree? After they are saved from complete failure and utter ruin by the Feds Bailout Money. Instead of trying to conduct smart business, and pay debt off, they party it up at St. Regis Monarch Beach Resort...I wonder how they got there, was it on a private jet?

This is just another sample of good business strategy for a failing company, blow the Tax Payers money on food, wine, spa treatments, and some of the nicest diggs in the Country. At least they didn't fly overseas to blow the money in another Country.

Is this the future of our Country, are these the examples that the Feds, Politicians, Presidents want set for good business practice? I hear alot of barking, and Outrage, but where is the bite? After this well over $400,000 in partying they actually have the audacity to continue to ask for more and more money.

AIG - 180 Billion given in Bailout Money as of Dec. 2009

Here are many news articles, I urge you to discover your own truth. Read and decide on your own:
Fox News 10/07/2008    LA Times 10/08/2008      Washington Post 10/2008             ABC News 10/07/2008
Bloomberg 10/09/2008  Washington Post 10/07/08         

 

Blogging with the Google Blogger

Google Blogger:

You know if I would have known that Google added so many great benefits, added widgets, added HTML boxes, etc… to the features available on the Google Blogger sites they offer, I could have saved a week of programming code for my own blog site that I created, with the help of a Serendipity program. Best of all Google offers these Blog Sites For Free ;)

Serendipity Blog Programs:

A great format to start a blog site with, but if you want to customize the Blog…Yikes. You better learn how to do PHP, HTML, and add Widgets that are probably embedded with another programmer’s personal coding (Might be good, or might be a Trojan…no not the good Trojan…I mean Virus)

Open Source Programming:

·         I am all for Open Source programming, as it definitely allows you to build on someone else’s bright ideas, reverse engineer to improve, or just see how it is built to understand the language. I thought French, Latin, and Spanish were hard enough, but to keep up now I am learning HTML, PHP, SQL, CSS, ASP, WAV, WMV, MP3, Flash and a whole bunch of others.

·         Usually I just need to add one item for example like a music player on your website, yup you got it just a little MP3 player, sounds easy enough; not really at all at least not for me.

·         How difficult is it to learn a new programming language? Glad you asked, perfect way to explain the English Language has 26 Letters. Versus Mandarin Chinese minimum 2000, and maximum over 40,000 letters or characters. (Depending on how well you master the language)

·         Computer programming well tops that list with millions of possibilities, maybe billions?

Google Blogger Advantages:

So what is the advantage of using a program like Goggle Blogger when you wish to create a Blog? For me it meant 2 hours of work compared to 180 hours of work. Yes the Serendipity Blog is up and running, but still many bugs that I haven’t got time to figure out, and I have heard that Wordpress, SiteCatalyst, b2evolution, also have learning curves…of course some of these have lots of bells and whistles, like SiteCatalyst, but come on I am not a newspaper with tons of editors writing their hearts out.

What I Like about Google Blogger:

·         Easy to Navigate

·         Easy to adjust for moderating user comments…click yes or no

·         Built in Captcha Codes, no messy Spam, super easy…click yes or no

·         You Tube users, should love compatibility (Google owns YouTube)

·         Easily formats to your Google account, Profile Database, and everything else

·         Choose from tons of Widgets…no charge

·         Search Engine Friendly

o   Easily adjust site settings…look and feel

o   Easily adjust size layouts of template boxes…a little programming knowledge is required

o   Easily add your own logos, and designs

o   I believe you can add Meta Tag Data through template HTML settings

o   Also believe you should be able to add Google Analytics through template HTML settings

o   If not they allow you to create your own template design and upload…Wow

This list I could go on, but why, you get the point. Thank you Google for creating and offering this service to us out in the World, I know I appreciate your hard work, I think lots of others agree, love your philosophy give to the World…and they will use happily use Sponsored Links to keep your business afloat.

"Letter to President Obama" | Obama Video

Well if you can't laugh at yourself who can you laugh at? So I hope you fall over in your chair watching me attempt to sing, and video tape the incident. (Wow...I feel better...I needed the laugh)



If you like the song it is available for a Free Music Download, I own it, I created it, why not just give it away?


Click Here for Free Song "Letter to President Obama"
Comments? E-mail me

Lyrics to "Letter to President Obama"

Free Song Download - Free Music 
Click Here for Free Songs - Letter To President Obama

This is formatted in WMV, should play on all MP3, Ipod, Zune, & Burn to a CD, etc...

President of the USA
Just a few problems on the news I’ll say
The Private jets were on their way
Open invitation through the White House Gates
The Feds met with them to save their necks
Bernanke started cutting them checks
AIG rapes the treasury
180 Billion seems to grow daily
Why does this happen they waste money
Half a million spent at Monarch Beach
More than a billion through bonusing

Taxpayer money easy to spend
Now you’re eating up entitlements
American debt it’s for sale dirt cheap
To giant corporations overseas
Whatcha gonna do when the money’s gone
US deficit’s growing strong

I didn’t want think you were lying to me
Costa Mesa Townhall meeting
March 18 of 2009
Obama you were “Outraged” this time
Committed yourself to fix this mess
9 months later and it’s still distressed
They legally defended their retention contracts
I pulled the definition of responsibility
You shouldn’t use words you don’t mean
I may fall prey to hypocrisy
But I’m not leader of our Free Country

I saw what you did to reprimand
You nominated Bernanke once again
Is that what you call discipline
Obama point your finger at AIG
Next time you mention Fat Cat to me
The cost of Freedom runs steep these days
Never seen a company happy to pay
45 Billion B of A
Just for the chance at liberty
You lead by example, can’t you see
BofA also wants bonus money

Men are accountable for their mistakes
Take it from me I lost my job today
Lost my job just 5 sick days
Bankruptcy on some Tax Money
And still the State garnishes me
My Sons Mom kidnapped him from me
Needed help from the State Agency
Collecting support payments from me
They gave me Stacks of Papers to enforce my custody
Just another sample of tragedy

Thank Obama for the Stimulus Bill
Some pockets get fatter while many are ill
Healthcare reform on the plate today
My Mom’s Healthcare
You wanna take away
Home foreclosures at all time highs
31,000 modified
Now you wanna loosen lending policy
Stated and no doc loans need to end
Lehman Brothers proved in 08
They almost made two centuries

Taxpayer money easy to spend
Now you’re eating up entitlements
Whatcha gonna do when the money’s gone
US deficit’s growing strong
I ask what comes next tax insanity

Like a pied piper just believe in me
Are these the changes that you wanted to see
Great words are said but where’s delivery
This is where we need your honesty
Don’t just take responsibility
Make the changes that you promised to me
Obama please I’m addressing you
I’m asking for your help there’s work to do
And With God’s help may Liberty be
Written, Performed, and Loops created by Justin Wright. Dec. 16, 2009

I don't claim to know or understand everything in Politics. I have always been a salesman, and as a salesman knowing when someone is telling the truth or leading you on is essential to your individual success.

I created this website, wrote the songs and even created the music, all for the purpose to bring forth what should be important to all of us...The Truth. I have begun to cross reference all lyrics with actual news stories I read before during and after production efforts, which will help you understand why they were written to begin with.

Some notes about President Obama Song

My song, "Letter to President Obama" was written as a means to evoke questions into the current administrations actions. Our Nation is very sick, and even slightly injured, vultures are circling and nibbling at bits and pieces buying American corporations for pennies on the dollar, buying American debt for pennies on the dollar as a Country and we need Changes We need Honesty, Truth, and someone who will not let us down. You gave us all your promises, where's the man to be responsible for his words and actions...Our Nation did Believe...We voted for you, We ask you as a Nation to deliver those promises, and make sure Americans interests are protected, I urge you to please make it happen, have it become real rather than belief and faith.


A Quote from Obama in March 09, heard on CNN." 'Outraged' 'For everybody in Washington who is busy scrambling trying to figure out how to blame somebody else, just go ahead and talk to me, because it's my job to make sure that we fix these messes even if I don't make them,' '... So I'm absolutely committed to ensuring we have the tools we need to prevent the kinds of abuses that sent AIG spiraling.' Obama told a town hall meeting in Costa Mesa, California." Click Here for CNN Source of Information

What occurred after that speech? More AIG abuses, Bonuses, Retention, and more Billions in loans from the current legislation...Where is the responsibility?

What are these Congressmen Thinking

America is on its knees right now. Even our own lawmakers in Congress seem to take advantage of their positions by passing laws that offer them Billion Dollar Benefits directly, and these Congressmen are in support of their Democrat Party. Then they have the nerve to go on TV and blast anyone who...didn't get their cut of money.

This is sickening, while lawmakers should be protecting the interests of our Country as a whole they completely abuse the system for their own benefit. Holding out until there is Billions of benefits available to them specifically. We are being raped as a Nation, and Sen. Bernie Sanders, I-Vermont blasted those who didn't jump in?
Fox News Reference
CNN News Reference

How does this US Senator of Vermont Bernie Sanders feel about greed?
Read all about it on his own website:
Bernie Sanders, US Senator of Vermont Website

US Senator Bernie Sanders Blasts Comcast and their Greed Rutland Herald

Who pays the bill for all of this, oohh that's right us the Taxpayers, the Voters, who got taken advantage of...Yes that's right the American Citizens. The rest of the Country will be helping Vermont, you tell me isn't that being a little greedy??.....What do you think?

He is not alone in this, and I don't mean to pick on him specifically, but when I saw him on CNN blasting those who didn't take advantage...I had to say something. Besides I haven't gotten around to reading, understanding and interpreting the thousands of pages regarding the health bill.

Our actions echo throughout the World, and Leaders of other Countries see what is important to American Lawmakers and the President. Iran's Mahmoud Ahmadinejad he sees where the hearts and minds of these men lie, and the Greed in their actions. I wonder if he will get a cut too?