Mark McHugh

Archive for October, 2012|Monthly archive page

America’s Hijackers – Where Are They Now?

In Open Thread on Sunday, October 7, 2012 at 4:45 pm

Spoiler Alert: They’re mostly still in office  (so much for building suspense).

On October 3, 2008, 338 elected officials (263 House reps, 74 Senators and 1 President) took it upon themselves to save America from certain financial doom by passing the Emergency Economic Stabilization Act of 2008, completely ignoring the will of the American people,  opting instead to fulfill a Thomas Jefferson prophesy:

“The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations.” 
~ Thomas Jefferson

Texas representative Ron Paul had this to say:

“The money for this bailout does not just materialize out of thin air. The entire burden will be borne by the taxpayers, not now, because that is politically unacceptable, but in the future….our children and grandchildren will be burdened with increased taxes in order to pay that increased debt…. For years, many people have been warning about the housing bubble and the inevitable bust. Congress ignored the impending storm, and responded to this crisis with a poorly thought-out piece of legislation that will only further harm the economy. We ought to be ashamed.”

The most memorable component of that piece of treason legislation was the $700B TARP (Troubled Asset Relief Program), which was scrapped by Treasury Secretary Hank Paulson 11 days later in favor of the Capital Purchase Program (CPP), which injected money directly into banks.  In February 2009, new Treasury Secretary Turbo Geithner ended the CPP and announced the Capital Assistance Program (CAP), which also blasted money directly into banks.

Fun Fact: Hankenstein Paulson worked at Goldman Sachs for 32 years and served as Treasury Secretary for 31 months.

So TARP never happened; making discussions of the program’s merits every bit as psychotic as analysis of Ross Perot’s presidency, but that didn’t stop CNBC from having a birthday cake for TARP, nor does it prevent politicians from claiming that the fictitious program was somehow profitable.  To make that claim, you must use accounting techniques pioneered by Homer Simpson in “Lard of the Dance” :

Homer Simpson: Okay, boy. This is where all the hard work, sacrifice, and painful scaldings pay off.
Employee: Four pounds of grease… that comes to… sixty-three cents.
Homer Simpson: Woo-hoo!
Bart Simpson: Dad, all that bacon cost twenty-seven dollars.
Homer Simpson: Yeah, but your mom paid for that!
Bart Simpson: But doesn’t she get her money from you?
Homer Simpson: And I get my money from grease! What’s the problem?

Some of us prefer using this one:

Q: Since the Emergency Economic Stabilization Act of 2008 explicitly states that all profits from TARP be used to pay down the National Debt, the true measure of the program’s success can be found at the Treasury’s “Debt to the Penny” website.  How much of the national debt has been paid off since October 3, 2008?

A: Negative Six Trillion Dollars.

Fun Fact (if you’re into child abuse): America’s kids have been saddled with more debt in the past 48 months than the Nation accumulated from the signing of the Declaration of Independence to 9-11-2001 (225 years).

That $6 Trillion in debt has produced a grand total of $1.17T in nominal GDP growth ($361B in chained 2005 dollars).   Using the nominal, each dollar of GDP growth has cost taxpayers $5.13 (assuming you understand that deficit dollars are tax dollars put on a deferred-payment plan.  A concept  Greece and Spain are just now beginning to grasp).

EESA-approving-congressman-turned-Chicago-Mayor Rahm Emanuel observed:

You never let a serious crisis go to waste. And what I mean by that it’s an opportunity to do things you think you could not do before (i.e. Looting the Country in broad daylight without passing a budget).

Which brings me to the point:  Despite all the kicking, screaming, TEA-partying and Occupying, of the 338 elected officials who saw fit to pass the EESA, no less than 229 still hold public office:

  • One became President, one didn’t.  
  • One’s Vice-President, one wants to be.  
  • The speaker of the House and the House minority leader swapped titles after both voted in favor of the bill.  
  • Two have already been promoted to Senator and 5 more currently running for that privledge.
  • One got demoted to Secretary of State while another got demoted to Mayor of Chicago.
  • One retired to a 1600 acre off-the-energy-grid ranch in Texas, 23 more will join him in retirement in January 2013.
  • 168 face re-election next month.

The next un-funded war is already in the works and there’s another economic crisis on the horizon.  The so-called “Fiscal Cliff” is what happens if we DON’T continue $Trillion-plus deficits, and I must admit I find myself somewhat in awe of how grossly mis-framed this discussion has become.

So here’s your opportunity to reward these (heroes/traitors) as you see fit, because every nation gets the government it deserves.

 Senators who voted in favor of the Emergency Economic Stabilization Act of 2008:

Senator Status
Alaska
Lisa Murkowski Re-elected 2010 (2016)
Ted Stevens Out of office
Alabama
Arkansas
Blanche Lincoln Out of office
Mark Pryor Re-elected 2008 (2014)
Arizona
Jon Kyl Retiring
John McCain Re-elected 2010 (2016)
California
Barbara Boxer Re-elected 2010 (2016)
Dianne Feinstein Running for re-election
Colorado
Ken Salazar Out of office
Connecticut
Christopher Dodd Out of office
Joseph Lieberman Retiring
Delaware
Joseph Biden Vice President
Thomas Carper Running for re-election
Florida
Mel Martinez Out of office
Georgia
Saxby Chambliss Re-elected 2008 (2014)
John “Johnny” Isakson Re-elected 2010 (2016)
Hawaii
Daniel Akaka Running for re-election
Daniel Inouye Re-elected 2010 (2016)
Iowa
Charles “Chuck” Grassley Re-elected 2010 (2016)
Thomas “Tom” Harkin Re-elected 2008 (2014)
Idaho
Larry Craig Out of office
Illinois
Richard Durbin Re-elected 2008 (2014)
Barack Obama President
Indiana
Evan Bayh Out of office
Richard Lugar Lost renomination
Kansas
Kentucky
Mitch McConnell Re-elected 2008 (2014)
Louisiana
Massachusetts
John Kerry Re-elected 2008 (2014)
Maryland
Benjamin Cardin Running for re-election
Barbara Mikulski Re-elected 2010 (2016)
Maine
Susan Collins Re-elected 2008 (2014)
Olympia Snowe Running for re-election Retiring
Michigan
Carl Levin Re-elected 2008 (2014)
Minnesota
Norm Coleman Out of office
Amy Klobuchar Running for re-election
Missouri
Christopher “Kit” Bond Out of office
Claire McCaskill Running for re-election
Mississippi
Montana
Max Baucus Re-elected 2008 (2014)
North Carolina
Richard Burr Re-elected 2010 (2016)
North Dakota
Kent Conrad Retiring
Nebraska
Charles “Chuck” Hagel Out of office
Ben Nelson Running for re-election
New Hampshire
Judd Gregg Out of office
John Sununu Out of office
New Jersey
Frank Lautenberg Re-elected 2008 (2014)
Robert “Bob” Menéndez Running for re-election
New Mexico
Jeff Bingaman Retiring
Pete Domenici Out of office
Nevada
John Ensign Resigned
Harry Reid Re-elected 2010 (2016)
New York
Hillary Clinton Secretary of State
Charles Schumer Re-elected 2010 (2016)
Ohio
Sherrod Brown Running for re-election
George Voinovich Out of office
Oklahoma
Thomas Coburn Re-elected 2010 (2016)
Oregon
Gordon Smith Out of office
Pennsylvania
Robert Casey Running for re-election
Arlen Specter Out of office
Rhode Island
John “Jack” Reed Re-elected 2008 (2014)
Sheldon Whitehouse Running for re-election
South Carolina
Lindsey Graham Re-elected 2008 (2014)
South Dakota
John Thune Re-elected 2010 (2016)
Tennessee
Lamar Alexander Re-elected 2008 (2014)
Bob Corker Running for re-election
Texas
John Cornyn Re-elected 2008 (2014)
Kay Hutchison Retiring
Utah
Robert Bennett Out of office
Orrin Hatch Running for re-election
Virginia
John Warner Out of office
Jim Webb Retiring
Vermont
Patrick Leahy Re-elected 2010 (2016)
Washington
Patty Murray Re-elected 2010 (2016)
Wisconsin
Herbert “Herb” Kohl Retiring
West Virginia
Robert Byrd Out of office
John “Jay” Rockefeller Re-elected 2008 (2014)
Wyoming (no “yes” votes)

House Representatives who voted in favor of the Emergency Economic Stabilization Act of 2008:

Representative Status
Alaska  (0 of 1)
Alabama  (6 of 7)
Jo Bonner Running for re-election
Terry Everett out of office
Michael “Mike” Rogers Running for re-election
Robert “Bud” Cramer out of office
Spencer Bachus Running for re-election
Artur Davis out of office
Arkansas  (4 of 4)
Robert “Marion” Berry out of office
Victor “Vic” Snyder out of office
John Boozman Promoted to Senator
Mike Ross Retiring
Arizona  (4 of 8)
John Shadegg out of office
Edward “Ed” Pastor Running for re-election
Harry Mitchell out of office
Gabrielle Giffords Resigned
California  (36 of 53)
Michael “Mike” Thompson Running for re-election
Walter “Wally” Herger Retiring
Daniel Lungren Running for re-election
Doris Matsui Running for re-election
Lynn Woolsey Retiring
George Miller Running for re-election
Nancy Pelosi Running for re-election
Barbara Lee Running for re-election
Ellen Tauscher out of office
Jerry McNerney Running for re-election
Jackie Speier Running for re-election
Anna Eshoo Running for re-election
Michael “Mike” Honda Running for re-election
Zoe Lofgren Running for re-election
Sam Farr Running for re-election
Dennis Cardoza Retiring
George Radanovich out of office
Jim Costa Running for re-election
Lois Capps Running for re-election
Howard “Buck” McKeon Running for re-election
David Dreier Retiring
Howard Berman Running for re-election
Adam Schiff Running for re-election
Henry Waxman Running for re-election
Hilda Solis out of office
Diane Watson out of office
Maxine Waters Running for re-election
Jane Harman out of office
Laura Richardson Running for re-election
Jerry Lewis Retiring
Gary Miller Running for re-election
Joe Baca Running for re-election
Ken Calvert Running for re-election
Mary Bono Mack Running for re-election
John Campbell Running for re-election
Susan Davis Running for re-election
Colorado (3 of 7)
Diana DeGette Running for re-election
Thomas “Tom” Tancredo out of office
Ed Perlmutter Running for re-election
Connecticut  (4 of 5)
John Larson Running for re-election
Rosa DeLauro Running for re-election
Christopher Shays out of office
Christopher Murphy Running for Senate
Delaware  (1 of 1)
Michael Castle out of office
Florida  (13 of 25)
Allen Boyd out of office
Corrine Brown Running for re-election
Ander Crenshaw Running for re-election
Adam Putnam out of office
Vern Buchanan Running for re-election
David “Dave” Weldon Running for re-election
Tim Mahoney out of office
Kendrick Meek out of office
Ileana Ros-Lehtinen Running for re-election
Robert Wexler out of office
Debbie Wasserman Schultz Running for re-election
Ron Klein out of office
Alcee Hastings Running for re-election
Georgia  (4 of 13)
Sanford Bishop Running for re-election
John Lewis Running for re-election
James “Jim” Marshall out of office
David Scott Running for re-election
Hawaii  (2 of 2)
Neil Abercrombie out of office
Mazie Hirono Running for Senate
Iowa  (3 of 5)
Bruce Braley Running for re-election
David Loebsack Running for re-election
Leonard Boswell Running for re-election
Idaho  (1 of 2)
Michael “Mike” Simpson Running for re-election
Illinois  (13 of 19)
Bobby Rush Running for re-election
Jesse Jackson Running for re-election
Luis Gutiérrez Running for re-election
Rahm Emanuel Mayor of Chicago
Danny Davis Running for re-election
Melissa Bean out of office
Janice “Jan” Schakowsky Running for re-election
Mark Kirk out of office
Gerald “Jerry” Weller out of office
Judy Biggert Running for re-election
Bill Foster Running for re-election
Phil Hare out of office
Ray LaHood out of office
Indiana  (4 of 9)
Joe Donnelly Running for Senate
Mark Souder out of office
André Carson Running for re-election
Brad Ellsworth out of office
Kansas  (1 of 4)
Dennis Moore out of office
Kentucky  (3 of 6)
Ron Lewis out of office
John Yarmuth Running for re-election
Harold “Hal” Rogers Running for re-election
Louisiana  (4 of 7)
Charles Melancon out of office
James “Jim” McCrery out of office
Rodney Alexander Running for re-election
Charles Boustany Running for re-election
Massachusetts  (8 of 10)
John Olver Retiring
Richard Neal Running for re-election
James “Jim” McGovern Running for re-election
Barney Frank Retiring
Niki Tsongas Running for re-election
John Tierney Running for re-election
Edward “Ed” Markey Running for re-election
Michael Capuano Running for re-election
Maryland  (7 of 8)
Wayne Gilchrest out of office
Dutch Ruppersberger Running for re-election
John Sarbanes Running for re-election
Donna Edwards Running for re-election
Steny Hoyer Running for re-election
Elijah Cummings Running for re-election
Christopher “Chris” Van Hollen Running for re-election
Maine  (1 of 2)
Thomas “Tom” Allen out of office
Michigan  (9 of 15)
Peter “Pete” Hoekstra out of office
Vernon Ehlers out of office
David “Dave” Camp Running for re-election
Dale Kildee Retiring
Frederick “Fred” Upton Running for re-election
Joseph “Joe” Knollenberg out of office
Sander Levin Running for re-election
Carolyn Kilpatrick out of office
John Dingell Running for re-election
Minnesota  (5 of 8)
John Kline Running for re-election
James “Jim” Ramstad out of office
Betty McCollum Running for re-election
Keith Ellison Running for re-election
James Oberstar out of office
Missouri  (5 of 9)
Russ Carnahan Lost renomination
Ike Skelton out of office
Emanuel Cleaver Running for re-election
Roy Blunt Promoted to Senator
Jo Ann Emerson Running for re-election
Mississippi  ( 1 of 4)
Charles “Chip” Pickering out of office
Montana  (0 of 1)
North Carolina  (6 of 13)
Bob Etheridge out of office
David Price Running for re-election
Howard Coble Running for re-election
Sue Myrick Retiring
Melvin “Mel” Watt Running for re-election
Bradley “Brad” Miller Retiring
North Dakota  (1 of 1)
Earl Pomeroy out of office
Nebraska  (1 of 3)
Lee Terry Running for re-election
New Hampshire  (0 of 2)
New Jersey  (8 of 13)
Robert “Rob” Andrews Running for re-election
James “Jim” Saxton out of office
Frank Pallone Running for re-election
Michael “Mike” Ferguson out of office
William “Bill” Pascrell Running for re-election
Rodney Frelinghuysen Running for re-election
Rush Holt Running for re-election
Albio Sires Running for re-election
New Mexico  (1 of 3)
Heather Wilson out of office
Nevada  (2 of 3)
Shelley Berkley Running for Senate
Jon Porter out of office
New York  (26 of 29)
Timothy Bishop Running for re-election
Steve Israel Running for re-election
Peter “Pete” King Running for re-election
Carolyn McCarthy Running for re-election
Gary Ackerman Retiring
Gregory Meeks Running for re-election
Joseph Crowley Running for re-election
Jerrold Nadler Running for re-election
Anthony Weiner out of office
Edolphus “Ed” Towns Retiring
Yvette Clarke Running for re-election
Nydia Velázquez Running for re-election
Vito Fossella out of office
Carolyn Maloney Running for re-election
Charles Rangel Running for re-election
Eliot Engel Running for re-election
Nita Lowey Running for re-election
John Hall out of office
Michael McNulty out of office
John McHugh out of office
Michael Arcuri out of office
James “Jim” Walsh out of office
Thomas Reynolds out of office
Brian Higgins Running for re-election
Louise Slaughter Running for re-election
John “Randy” Kuhl out of office
Ohio  (10 of 18)
Jean Schmidt Lost renomination
Charles Wilson Running for re-election
David “Dave” Hobson out of office
John Boehner Running for re-election
Patrick “Pat” Tiberi Running for re-election
Betty Sutton Running for re-election
Deborah Pryce out of office
Ralph Regula out of office
Timothy Ryan Running for re-election
Zachary “Zack” Space out of office
Oklahoma (4 of 5)
John Sullivan Lost renomination
Dan Boren Retiring
Tom Cole Running for re-election
Mary Fallin out of office
Oregon  (3 of 5)
David Wu Resigned
Greg Walden Running for re-election
Darlene Hooley out of office
Pennsylvania  (12 of 19)
Robert Brady Running for re-election
Chaka Fattah Running for re-election
John Peterson out of office
Jim Gerlach Running for re-election
Joe Sestak out of office
Patrick Murphy out of office
William “Bill” Shuster Running for re-election
Paul Kanjorski out of office
John Murtha out of office
Allyson Schwartz Running for re-election
Michael “Mike” Doyle Running for re-election
Charles Dent Running for re-election
Rhode Island  (2 of 2)
Patrick Kennedy out of office
James “Jim” Langevin Running for re-election
South Carolina  (6 of 6)
Henry Brown out of office
Addison “Joe” Wilson Running for re-election
James “J. Gresham” Barrett out of office
Bob Inglis out of office
John Spratt out of office
James “Jim” Clyburn Running for re-election
South Dakota  (0 of 1)
Tennessee  (5 of 9)
Zach Wamp out of office
Jim Cooper Running for re-election
Barton “Bart” Gordon out of office
John Tanner out of office
Steve Cohen Running for re-election
Texas  (15 of 32)
Kevin Brady Running for re-election
Al Green Running for re-election
Michael Conaway Running for re-election
Kay Granger Running for re-election
William “Mac” Thornberry Running for re-election
Rubén Hinojosa Running for re-election
Silvestre Reyes Lost renomination
Thomas “Chet” Edwards out of office
Sheila Jackson-Lee Running for re-election
Charles “Charlie” Gonzalez Retiring
Lamar Smith Running for re-election
Solomon Ortiz out of office
Henry Cuellar Running for re-election
Eddie Johnson Running for re-election
Peter “Pete” Sessions Running for re-election
Utah  (1 of 3)
Christopher “Chris” Cannon out of office
Virginia  (5 of 11)
Eric Cantor Running for re-election
James “Jim” Moran Running for re-election
Frederick “Rick” Boucher out of office
Frank Wolf Running for re-election
Thomas “Tom” Davis out of office
Vermont  (1 of 1)
Peter Welch Running for re-election
Washington  (4 of 9)
Rick Larsen Running for re-election
Brian Baird out of office
Norman “Norm” Dicks Retiring
Adam Smith Running for re-election
Wisconsin  (5 of 8)
Paul Ryan Running for re-election & V.P.
Tammy Baldwin Running for Senate
Ronald “Ron” Kind Running for re-election
Gwen Moore Running for re-election
David “Dave” Obey out of office
West Virginia  (2 of 3)
Alan Mollohan out of office
Nick Rahall Running for re-election
Wyoming  (1 of 1)
Barbara Cubin Running for re-election

Sources:

Official House vote:

Official Senate vote:

http://www.govtrack.us/congress/votes/110-2008/h681

http://www.govtrack.us/congress/votes/110-2008/s212

http://en.wikipedia.org/wiki/United_States_House_of_Representatives_elections,_2012

http://en.wikipedia.org/wiki/United_States_Senate_elections,_2012

Debt to the Penny

Caveat:

The compilation of the data contained herein is the product of hundreds of pieces of data manually collected, keyed-in and tallied by the author, who by his own admission is somewhat of a dunce.  Readers are encouraged to verify data points before operating heavy equipment.  The mess of a spreadsheet used to assemble this data can be found here: EESA 2008 votes CALCULATIONS, and the way the author actually wanted the infomation to display can be found here: EESA 2008 yes votes  This information may be re-broadcast in the interest of truth, Justice and the American way, without the consent of Major League Baseball, or the author.

Correction: Maine Senator Olympia Snowe’s status changed from “Running for re-election” to “Retiring”