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	<title>Comments on: A Planet For The President*</title>
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	<link>http://www.sadlyno.com/archives/18737.html</link>
	<description>Poise! Poise!</description>
	<lastBuildDate>Fri, 10 Feb 2012 10:30:25 +0000</lastBuildDate>
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		<title>By: Kip W</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-861657</link>
		<dc:creator>Kip W</dc:creator>
		<pubDate>Sat, 28 Mar 2009 03:00:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-861657</guid>
		<description>Idso neo paper moon
Sailing over a cardboard sea
But it wouldn&#039;t be make believe
If we&#039;d gone GOP.</description>
		<content:encoded><![CDATA[<p>Idso neo paper moon<br />
Sailing over a cardboard sea<br />
But it wouldn&#8217;t be make believe<br />
If we&#8217;d gone GOP.</p>
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	<item>
		<title>By: tep</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-857501</link>
		<dc:creator>tep</dc:creator>
		<pubDate>Tue, 24 Mar 2009 06:59:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-857501</guid>
		<description>Boy, anyone see the Al Gore shot?  He&#039;s just exploded. His next academy will be for appearing on &quot;America&#039;s biggest losers&quot; series.</description>
		<content:encoded><![CDATA[<p>Boy, anyone see the Al Gore shot?  He&#8217;s just exploded. His next academy will be for appearing on &#8220;America&#8217;s biggest losers&#8221; series.</p>
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	<item>
		<title>By: Parrotlover77</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-856935</link>
		<dc:creator>Parrotlover77</dc:creator>
		<pubDate>Mon, 23 Mar 2009 17:17:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-856935</guid>
		<description>Shorter shorter: &lt;em&gt;Help!  The [insert slippery slope argument of choice] will lead to the doom of our nation!&lt;/em&gt;

I&#039;m child-free and sterilized.  Are they going to force me to have a kid I don&#039;t want?  Because if so, I want my One Free Ghey Abortion ticket Obama promised me right now!</description>
		<content:encoded><![CDATA[<p>Shorter shorter: <em>Help!  The [insert slippery slope argument of choice] will lead to the doom of our nation!</em></p>
<p>I&#8217;m child-free and sterilized.  Are they going to force me to have a kid I don&#8217;t want?  Because if so, I want my One Free Ghey Abortion ticket Obama promised me right now!</p>
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	</item>
	<item>
		<title>By: digitusmedius</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-856869</link>
		<dc:creator>digitusmedius</dc:creator>
		<pubDate>Mon, 23 Mar 2009 15:22:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-856869</guid>
		<description>It&#039;s clear we&#039;re just a &quot;baby&quot; step (hahahahahaha) away from liberals stealing wingnutopian infants and performing blood-drinking rituals upon them.  Yep, the was &quot;unthinkable&quot; just a few months ago, but NOW.......(puking sounds for several hours)</description>
		<content:encoded><![CDATA[<p>It&#8217;s clear we&#8217;re just a &#8220;baby&#8221; step (hahahahahaha) away from liberals stealing wingnutopian infants and performing blood-drinking rituals upon them.  Yep, the was &#8220;unthinkable&#8221; just a few months ago, but NOW&#8230;&#8230;.(puking sounds for several hours)</p>
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	</item>
	<item>
		<title>By: stackozone</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-856730</link>
		<dc:creator>stackozone</dc:creator>
		<pubDate>Mon, 23 Mar 2009 10:32:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-856730</guid>
		<description>What an epic fail bucket of shit this video is, even with the improvements from TinTin...</description>
		<content:encoded><![CDATA[<p>What an epic fail bucket of shit this video is, even with the improvements from TinTin&#8230;</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Smut Clyde</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-856720</link>
		<dc:creator>Smut Clyde</dc:creator>
		<pubDate>Mon, 23 Mar 2009 10:07:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-856720</guid>
		<description>&lt;i&gt;a fast-tack extinction curve,&lt;/i&gt;
Did anyone have more luck than me at decoding this? Is Uriel the Archangel of Extinction coming at us in a yacht?</description>
		<content:encoded><![CDATA[<p><i>a fast-tack extinction curve,</i><br />
Did anyone have more luck than me at decoding this? Is Uriel the Archangel of Extinction coming at us in a yacht?</p>
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	</item>
	<item>
		<title>By: Another Kiwi</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-856463</link>
		<dc:creator>Another Kiwi</dc:creator>
		<pubDate>Mon, 23 Mar 2009 01:24:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-856463</guid>
		<description>Waiter waiter, there&#039;s a  fly in my shit soufflé

Looks more like a moth to me, Mr Breitbart.
.</description>
		<content:encoded><![CDATA[<p>Waiter waiter, there&#8217;s a  fly in my shit soufflé</p>
<p>Looks more like a moth to me, Mr Breitbart.<br />
.</p>
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	</item>
	<item>
		<title>By: Candy</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-856140</link>
		<dc:creator>Candy</dc:creator>
		<pubDate>Sun, 22 Mar 2009 16:04:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-856140</guid>
		<description>&lt;blockquote&gt;He should open an establishment that embraces the idea of shit. Not only does it allow patrons to freely shit in the restrooms, it wafts the scent tantalizingly through the establishment. The food should be plated to evoke piles of shit on a plate. &lt;/blockquote&gt;

Jack &lt;strike&gt;Shit&lt;/strike&gt; should open his restaurant next to a mortuary. Then he could call the restaurant Eat Shit and Die.</description>
		<content:encoded><![CDATA[<blockquote><p>He should open an establishment that embraces the idea of shit. Not only does it allow patrons to freely shit in the restrooms, it wafts the scent tantalizingly through the establishment. The food should be plated to evoke piles of shit on a plate. </p></blockquote>
<p>Jack <strike>Shit</strike> should open his restaurant next to a mortuary. Then he could call the restaurant Eat Shit and Die.</p>
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	</item>
	<item>
		<title>By: Sirius Lunacy</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-856094</link>
		<dc:creator>Sirius Lunacy</dc:creator>
		<pubDate>Sun, 22 Mar 2009 15:19:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-856094</guid>
		<description>This commercial should be a mandatory public service ad on every damn channel. 

http://www.youtube.com/watch?v=x-OqKWXirsU</description>
		<content:encoded><![CDATA[<p>This commercial should be a mandatory public service ad on every damn channel. </p>
<p><a href="http://www.youtube.com/watch?v=x-OqKWXirsU" rel="nofollow">http://www.youtube.com/watch?v=x-OqKWXirsU</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Our Dead Selves</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-856091</link>
		<dc:creator>Our Dead Selves</dc:creator>
		<pubDate>Sun, 22 Mar 2009 15:14:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-856091</guid>
		<description>&lt;i&gt;and his partner will be known for having “The Shittiest Joint in Town” and other edgy, hip endorsements. This would make a great marketing campaign!&lt;/i&gt;

Sorry I&#039;m late, but the &lt;a href=&quot;http://funfever.blogspot.com/2007/11/taiwans-modern-toilet-restaurant.html&quot; rel=&quot;nofollow&quot;&gt;shitty&lt;/a&gt; restaurant idea has been taken!</description>
		<content:encoded><![CDATA[<p><i>and his partner will be known for having “The Shittiest Joint in Town” and other edgy, hip endorsements. This would make a great marketing campaign!</i></p>
<p>Sorry I&#8217;m late, but the <a href="http://funfever.blogspot.com/2007/11/taiwans-modern-toilet-restaurant.html" rel="nofollow">shitty</a> restaurant idea has been taken!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Xecklothxayyquou Gilchrist</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-856067</link>
		<dc:creator>Xecklothxayyquou Gilchrist</dc:creator>
		<pubDate>Sun, 22 Mar 2009 14:21:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-856067</guid>
		<description>&lt;i&gt;Huh, let me guess. &lt;/i&gt;

Golfclapworthy and more, N.C.! I wouldn&#039;t have guessed the whole scheme like you did, but I did immediately recognize &quot;Jack&quot;&#039;s horrible punctuation. He can&#039;t shake it off - it&#039;s like a special infrared signature, or an unavoidable horrible smell.</description>
		<content:encoded><![CDATA[<p><i>Huh, let me guess. </i></p>
<p>Golfclapworthy and more, N.C.! I wouldn&#8217;t have guessed the whole scheme like you did, but I did immediately recognize &#8220;Jack&#8221;&#8216;s horrible punctuation. He can&#8217;t shake it off &#8211; it&#8217;s like a special infrared signature, or an unavoidable horrible smell.</p>
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	</item>
	<item>
		<title>By: Bony Baloney</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-856066</link>
		<dc:creator>Bony Baloney</dc:creator>
		<pubDate>Sun, 22 Mar 2009 14:18:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-856066</guid>
		<description>The Idso thing has been whipped to death with bootlaces, but it&#039;s worth recalling Mark Twain&#039;s reaction to the Book of Mormon v3.1: &quot;I could not feel more satisfied and at rest if the entire Whitmer family had testified.&quot;

Sorry. I spent an hour last night debunking, untangling and dis-confusing LDS stuff during a replay of &quot;Big Love&quot; until I was finally struck by a hurled Tivo remote and banished from the room. I guess the difference between RLDS and FLDS is that the latter is the subject of some white-slavery true crime narrative that&#039;s burning up the charts at Amazon.com, while the former... isn&#039;t. Bloody ignorant Protestant scumbags. It&#039;s always Twilight just under my dangling nuts, ya tools.</description>
		<content:encoded><![CDATA[<p>The Idso thing has been whipped to death with bootlaces, but it&#8217;s worth recalling Mark Twain&#8217;s reaction to the Book of Mormon v3.1: &#8220;I could not feel more satisfied and at rest if the entire Whitmer family had testified.&#8221;</p>
<p>Sorry. I spent an hour last night debunking, untangling and dis-confusing LDS stuff during a replay of &#8220;Big Love&#8221; until I was finally struck by a hurled Tivo remote and banished from the room. I guess the difference between RLDS and FLDS is that the latter is the subject of some white-slavery true crime narrative that&#8217;s burning up the charts at Amazon.com, while the former&#8230; isn&#8217;t. Bloody ignorant Protestant scumbags. It&#8217;s always Twilight just under my dangling nuts, ya tools.</p>
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	</item>
	<item>
		<title>By: justme</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-856010</link>
		<dc:creator>justme</dc:creator>
		<pubDate>Sun, 22 Mar 2009 08:11:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-856010</guid>
		<description>Sheesh,


Here&#039;s a lovely article,

http://www.cnbc.com/id/27719011 (no linky. fywp) 

from last November on just how much was being chucked into the sinkhole behind closed doors. (Seven+ trillion, and counting, from then.)

And from the same time period, &lt;a href=&quot;http://www.bloomberg.com/apps/news?pid=20601109&amp;sid=aGvwttDayiiM&amp;refer=home&quot; rel=&quot;nofollow&quot;&gt;one on the Fed telling Congress to go fuck a tree&lt;/a&gt; when asked where two trillion bucks went.

We are being robbed, and seemingly, nobody of any consequence gives a rat&#039;s ass. Quite the contrary. Everybody seems to be falling all over themselves to help the turdwhistles out the door with their awful, awful burden that was once our treasury.

Fuckers.

I rather like &lt;a href=&quot;http://driftglass.blogspot.com/2009/03/invasion-of-wall-street.html&quot; rel=&quot;nofollow&quot;&gt;drifty&#039;s idea...&lt;/a&gt;

&lt;blockquote&gt;Well, diplomacy failed.

And sanctions failed.

Inspectors failed.

And regulatory systems failed.

This being the case, I believe according to the Bush Doctrine only one course of action remains open to us.

Regime change, baby! *&lt;/blockquote&gt;</description>
		<content:encoded><![CDATA[<p>Sheesh,</p>
<p>Here&#8217;s a lovely article,</p>
<p><a href="http://www.cnbc.com/id/27719011" rel="nofollow">http://www.cnbc.com/id/27719011</a> (no linky. fywp) </p>
<p>from last November on just how much was being chucked into the sinkhole behind closed doors. (Seven+ trillion, and counting, from then.)</p>
<p>And from the same time period, <a href="http://www.bloomberg.com/apps/news?pid=20601109&amp;sid=aGvwttDayiiM&amp;refer=home" rel="nofollow">one on the Fed telling Congress to go fuck a tree</a> when asked where two trillion bucks went.</p>
<p>We are being robbed, and seemingly, nobody of any consequence gives a rat&#8217;s ass. Quite the contrary. Everybody seems to be falling all over themselves to help the turdwhistles out the door with their awful, awful burden that was once our treasury.</p>
<p>Fuckers.</p>
<p>I rather like <a href="http://driftglass.blogspot.com/2009/03/invasion-of-wall-street.html" rel="nofollow">drifty&#8217;s idea&#8230;</a></p>
<blockquote><p>Well, diplomacy failed.</p>
<p>And sanctions failed.</p>
<p>Inspectors failed.</p>
<p>And regulatory systems failed.</p>
<p>This being the case, I believe according to the Bush Doctrine only one course of action remains open to us.</p>
<p>Regime change, baby! *</p></blockquote>
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	</item>
	<item>
		<title>By: sarah</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-856007</link>
		<dc:creator>sarah</dc:creator>
		<pubDate>Sun, 22 Mar 2009 07:59:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-856007</guid>
		<description>and the people who believe in science are the &quot;alarmists&quot; in this situation.

right.</description>
		<content:encoded><![CDATA[<p>and the people who believe in science are the &#8220;alarmists&#8221; in this situation.</p>
<p>right.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: justme</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-856005</link>
		<dc:creator>justme</dc:creator>
		<pubDate>Sun, 22 Mar 2009 07:43:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-856005</guid>
		<description>The answer to Jack&#039;s pressing issue is as clear as the nose on his face. I mean, if one is looking for an all-purpose, two turds with one stone solution, there can be but one course of action. 

Dig. The. Moat.</description>
		<content:encoded><![CDATA[<p>The answer to Jack&#8217;s pressing issue is as clear as the nose on his face. I mean, if one is looking for an all-purpose, two turds with one stone solution, there can be but one course of action. </p>
<p>Dig. The. Moat.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: OneMan</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-855998</link>
		<dc:creator>OneMan</dc:creator>
		<pubDate>Sun, 22 Mar 2009 07:20:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-855998</guid>
		<description>Idso long way
to Tipperary
Idso long way
to go...</description>
		<content:encoded><![CDATA[<p>Idso long way<br />
to Tipperary<br />
Idso long way<br />
to go&#8230;</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Johnny Pez</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-855994</link>
		<dc:creator>Johnny Pez</dc:creator>
		<pubDate>Sun, 22 Mar 2009 07:05:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-855994</guid>
		<description>Wow, Lord Hairy gives a whole new meaning to the phrase &quot;shit for brains&quot;.</description>
		<content:encoded><![CDATA[<p>Wow, Lord Hairy gives a whole new meaning to the phrase &#8220;shit for brains&#8221;.</p>
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	</item>
	<item>
		<title>By: Sheesh</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-855990</link>
		<dc:creator>Sheesh</dc:creator>
		<pubDate>Sun, 22 Mar 2009 07:05:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-855990</guid>
		<description>Hey look!

Doopdedoo, browsing the intarwebs... oh shit! Glenn Greenwald is hammering this too. Boom! Here he goes quoting another great bit from the same piece:&lt;blockquote&gt;It might not bode well that Geithner, Obama&#039;s Treasury secretary, is one of the architects of the Paulson bailouts; as chief of the New York Fed, he helped orchestrate the Goldman-friendly AIG bailout and the secretive Maiden Lane facilities used to funnel funds to the dying company.&lt;/blockquote&gt;

Go go Geithner! Bad banks for all!</description>
		<content:encoded><![CDATA[<p>Hey look!</p>
<p>Doopdedoo, browsing the intarwebs&#8230; oh shit! Glenn Greenwald is hammering this too. Boom! Here he goes quoting another great bit from the same piece:<br />
<blockquote>It might not bode well that Geithner, Obama&#8217;s Treasury secretary, is one of the architects of the Paulson bailouts; as chief of the New York Fed, he helped orchestrate the Goldman-friendly AIG bailout and the secretive Maiden Lane facilities used to funnel funds to the dying company.</p></blockquote>
<p>Go go Geithner! Bad banks for all!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Sheesh</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-855986</link>
		<dc:creator>Sheesh</dc:creator>
		<pubDate>Sun, 22 Mar 2009 06:50:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-855986</guid>
		<description>To clarify, of course I know the Fed manipulates the interest rate with its repos and wise, opaque pronouncements, but I didn&#039;t know anything about this new (?) flavor of &quot;off-book&quot; manipulation.</description>
		<content:encoded><![CDATA[<p>To clarify, of course I know the Fed manipulates the interest rate with its repos and wise, opaque pronouncements, but I didn&#8217;t know anything about this new (?) flavor of &#8220;off-book&#8221; manipulation.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Sheesh</title>
		<link>http://www.sadlyno.com/archives/18737.html#comment-855985</link>
		<dc:creator>Sheesh</dc:creator>
		<pubDate>Sun, 22 Mar 2009 06:45:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.sadlyno.com/?p=18737#comment-855985</guid>
		<description>Hey Lesley, 

Same here. 

Further, I try to be informed and what not, but my jaw was dropping when I read this section below. I had no idea this kind of &quot;market engineering&quot; was going on.
&lt;blockquote&gt;If you look at the weekly H4 reports going back to the summer of 2007, you start to notice something alarming. At the start of the credit crunch, around August of that year, you see the Fed buying a few more Repos than usual — $33 billion or so. By November, as private-bank reserves were dwindling to alarmingly low levels, the Fed started injecting even more cash than usual into the economy: $48 billion. By late December, the number was up to $58 billion; by the following March, around the time of the Bear Stearns rescue, the Repo number had jumped to $77 billion. In the week of May 1st, 2008, the number was $115 billion — &quot;out of control now,&quot; according to one congressional aide. For the rest of 2008, the numbers remained similarly in the stratosphere, the Fed pumping as much as $125 billion of these short-term loans into the economy — &lt;B&gt;until suddenly, at the start of this year, the number drops to nothing. Zero.&lt;/B&gt;

The reason the number has dropped to nothing is that the Fed had simply stopped using relatively transparent devices like repurchase agreements to pump its money into the hands of private companies. By early 2009, a whole series of new government operations had been invented to inject cash into the economy, most all of them completely secretive and with names you&#039;ve never heard of. There is the Term Auction Facility, the Term Securities Lending Facility, the Primary Dealer Credit Facility, the Commercial Paper Funding Facility and a monster called the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (boasting the chat-room horror-show acronym ABCPMMMFLF). For good measure, there&#039;s also something called a Money Market Investor Funding Facility, plus three facilities called Maiden Lane I, II and III to aid bailout recipients like Bear Stearns and AIG.

While the rest of America, and most of Congress, have been bugging out about the $700 billion bailout program called TARP, all of these newly created organisms in the &lt;B&gt;Federal Reserve zoo have quietly been pumping not billions but trillions of dollars into the hands of private companies (at least $3 trillion so far in loans, with as much as $5.7 trillion more in guarantees of private investments).&lt;/B&gt; Although this technically isn&#039;t taxpayer money, it still affects taxpayers directly, because the activities of the Fed impact the economy as a whole. And this new, secretive activity by the Fed completely eclipses the TARP program in terms of its influence on the economy.&lt;/blockquote&gt;

What happens if the recipients of these Fed loans and guarantees fail or are defrauded, etc...? Oh that&#039;s right we&#039;re only out a couple more trillion. Yeah. That&#039;s 3 to 6 &lt;i&gt;million million&lt;/i&gt; dollars of &#039;secret&#039; money rolling around. Pretty much dwarfs the retention pay we taxpayers on the hook for. 

(But remember, &quot;deficits don&#039;t matter&quot; so this won&#039;t be blamed on Obama.)</description>
		<content:encoded><![CDATA[<p>Hey Lesley, </p>
<p>Same here. </p>
<p>Further, I try to be informed and what not, but my jaw was dropping when I read this section below. I had no idea this kind of &#8220;market engineering&#8221; was going on.</p>
<blockquote><p>If you look at the weekly H4 reports going back to the summer of 2007, you start to notice something alarming. At the start of the credit crunch, around August of that year, you see the Fed buying a few more Repos than usual — $33 billion or so. By November, as private-bank reserves were dwindling to alarmingly low levels, the Fed started injecting even more cash than usual into the economy: $48 billion. By late December, the number was up to $58 billion; by the following March, around the time of the Bear Stearns rescue, the Repo number had jumped to $77 billion. In the week of May 1st, 2008, the number was $115 billion — &#8220;out of control now,&#8221; according to one congressional aide. For the rest of 2008, the numbers remained similarly in the stratosphere, the Fed pumping as much as $125 billion of these short-term loans into the economy — <b>until suddenly, at the start of this year, the number drops to nothing. Zero.</b></p>
<p>The reason the number has dropped to nothing is that the Fed had simply stopped using relatively transparent devices like repurchase agreements to pump its money into the hands of private companies. By early 2009, a whole series of new government operations had been invented to inject cash into the economy, most all of them completely secretive and with names you&#8217;ve never heard of. There is the Term Auction Facility, the Term Securities Lending Facility, the Primary Dealer Credit Facility, the Commercial Paper Funding Facility and a monster called the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (boasting the chat-room horror-show acronym ABCPMMMFLF). For good measure, there&#8217;s also something called a Money Market Investor Funding Facility, plus three facilities called Maiden Lane I, II and III to aid bailout recipients like Bear Stearns and AIG.</p>
<p>While the rest of America, and most of Congress, have been bugging out about the $700 billion bailout program called TARP, all of these newly created organisms in the <b>Federal Reserve zoo have quietly been pumping not billions but trillions of dollars into the hands of private companies (at least $3 trillion so far in loans, with as much as $5.7 trillion more in guarantees of private investments).</b> Although this technically isn&#8217;t taxpayer money, it still affects taxpayers directly, because the activities of the Fed impact the economy as a whole. And this new, secretive activity by the Fed completely eclipses the TARP program in terms of its influence on the economy.</p></blockquote>
<p>What happens if the recipients of these Fed loans and guarantees fail or are defrauded, etc&#8230;? Oh that&#8217;s right we&#8217;re only out a couple more trillion. Yeah. That&#8217;s 3 to 6 <i>million million</i> dollars of &#8216;secret&#8217; money rolling around. Pretty much dwarfs the retention pay we taxpayers on the hook for. </p>
<p>(But remember, &#8220;deficits don&#8217;t matter&#8221; so this won&#8217;t be blamed on Obama.)</p>
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