The Trillion Dollar Money Grab by Bush's Cronies Nobody Is Talking About
 

I seem to remember everybody blaming the Freddie Mae and Fannie Mac, the housing construction industry and the home loan industry for the Recession.

However, nobody was talking bailouts and Depression until the Oil and Gas Industry (Bush/Cheney Cronies) made a Trillion Dollar money grab and sucked up all the spare cash in the World. Afterwards, we have no credit, finance industry bailouts, auto industry bailouts, and who the hell knows what else.

You wonder where all the extra cash went in America?

Nobody is talking about how the "shit didn't hit the fan" until the price of gas went to $4.00 a gallon last spring and summer.

I know my business was OK until the gas prices made it impossible for a good number of my regular customers to have any discretionary income. They put all their money in the gas tank until they had nothing left to spend that didn't go for essential goods.

We know they manipulated the prices through futures speculation and brought the prices back down in time for the elections. Coincidence? I don't think so.:disgust

Today, gasoline was at $1.45/gallon for regular.

Me, I'm thinking the Oil & Gas Execs ought to be standing in front of some Congressional Hearing by now..... Where did those $Trillions go?

They were the real rapist of America.:321GFY

Just my opinion.

blah blah blah

Anyways, thanks for the bump.

Gas just went up again.. was $1.45 here last week, now it's back to $1.60 .. wonder when it'll be back over $2 again.. I'd like to see it stay low.

I'm with ya.

But all that shit is out of our control. We're all just along for the ride. :-(

Yhey had a spot on CNBC last week on this and these companies are making more money now then when oil was sky high. With gas at $1.50 per gallon there is more gas being sold and they have more room to charge 5-10 cents more per gallon that's 100% profit before taxes.

Most states also take more tax money in because they charge per gallon and not a percentage.

The car companies should be asking the oil companies for the bailout money, after all it was the car companies that were building cars that got 10 miles a gallon that allowed those oil companies to make so much money in the first place.

Firing squad would accomplish more...

There should be a lot of questions raised on why the gas prices went down, but when they're questioned by someone of power, expect it to go back up.

The funny thing is for all these people to lose a billion or trillion or w/e someone else had to make that much. Where did all that money go? Wealth isn't lost or created only transferred.

http://www.federalbudget.com/chart.gif

Federal Budget Defict - Over $10 Billion (and counting)

ADG

Really?? You may need to rethink that..

nice try, and I'm sure Karl Marx would see you as a great potential student, but if you think about it a bit you might realize where you are erring :2 cents:

It's sort of right, but wrong at the same time. The world in the last decade has created a lot of millionaires and billionaires in countries that were on the edge or close to poverty. Look at China, Russia and India to see this. The Trillions that flowed into these countries flowed out of the US and the West.

They spent a lot of that wealth in their own countries. They also invested in the West as well. But not as much as they spent/invested at home.

However IMO the real reason for the collapse is the West does not produce enough goods to sell back to the developing world and the West inflated the value of what it owned. Houses, stocks, banks and companies simply were not worth what they were priced at. So when the money that did flow out went we hit a wall. Again and again. And again.

It was sure one helluva pump and dump. Reminded me of what spammers do with penny stocks.

um well hoping that new president see this Trillion dollar

Trillion dollar is so much money!

Do a bit of research on the fractional reserve banking system, then you'll see how "wealth" is created out of thin air........

It was the OIL companies PAYING the execs of the car companies to push for those big vehicles..

Who cares

Ok say its all true. Make a website, post flyers - run naked in the streets. There is nothing anyone will actually do about it. Sad but true

This thread was presented to you by GFY rocket scientists. Thank you for your visit.

Up, UP ....and awaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaayyyyyyyyyyy:t humbsup

Why would it be going UP!!?!?! Oil is through the floor :P Here in Rural Ontario I saw gas at 68.8/litre.. it hasn't been that cheap since..hell the late 90's?

I filled up at 62 cents per litre today here in ottawa.

You are a real patriot who cares about his country and you hit the nail on the head apart from it isn't the Oil and Gas execs that have run away with your money, it is the bank execs, and some high up politicians who are running away with the cash and storing it in places like Israel and offshore places.

Congrats on opening your eyes, i hope alot of other Americans realise it too before it is too late to save their country from being raped. :thumbsup