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TANC: Trans-American Alliance for a National Consensus has completed an extensive research study illustrating the (dollar) level, magnitude and unprecedented scope of "gross malfeasance" perpetrated against American taxpayers by all levels of our federal government. Of particular note, the U.S. Government has not fully disclosed the "long-term" costs and guarantees committed to the unprecedented $800 billion-plus bailout of America's major corporate banking, financial and insurance institutions (refer to the page 2 slide). As the entire slide presentation illustrates, NOW is the time for ALL Americans to get involved in direct "Citizen Oversight" through an Electorate Legislative Consortium being proposed by TANC. Please visit TANC at http://www.transamericanalliance.org for more information and how to get involved with this grassroots "Direct Democracy" movement. We welcome to you also visit TANC's "Roadmap to 'Direct Democracy'" presentation available for viewing/downloading at http://www.slideshare.net/MAF_TANC/tanc-presentation-audio-112208-presentation. Please also accept our invite here to join our Facebook "cause" group at http://apps.facebook.com/causes/249715/54103574?m=1a240be5. God bless America, and thank you for your time. Michael A. Freeman, Executive Director TANC: Trans-American Alliance for a National Consensus Email: [email protected] URL: http://www.transamericanalliance.org Facebook Cause: http://apps.facebook.com/causes/249715/54103574?m=1a240be5
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www.transamericanalliance.orgCopyright © 2009, Trans-American Alliance for a National Consensus (TANC)
Federal Government Malfeasance
By The Numbers…
Federal Government Malfeasance
By The Numbers…
the Time is now for Citizen Oversightthe Time is now for Citizen Oversight
www.transamericanalliance.orgCopyright © 2009, Trans-American Alliance for a National Consensus (TANC)
TAXPAYERS ARE PAYING A HEAVY PRICETO FIX THE BANKING INDUSTRY’S MESS
TAXPAYERS ARE PAYING A HEAVY PRICETO FIX THE BANKING INDUSTRY’S MESS
www.transamericanalliance.orgCopyright © 2009, Trans-American Alliance for a National Consensus (TANC)
BURGEONING TRADE IMBALANCE IS LEADING TO GREATER FOREIGN
OWNERSHIP OF U.S. TREASURY DEBT
BURGEONING TRADE IMBALANCE IS LEADING TO GREATER FOREIGN
OWNERSHIP OF U.S. TREASURY DEBT
www.transamericanalliance.orgCopyright © 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”
QUALITY OF LIFE / STANDARD OF LIVING SCORES ARE SLIPPING IN THE U.S. vs.
OTHER LEADING “DIRECT DEMOCRACIES”
4.6 4.3 4.0 4.25.7 5.8 5.7 5.2
4.7 4.6
7.2
0
2
4
6
8
1998 2000 2002 2004 2006 2008U.S. Jobless Rate in %
10-Year U.S. Unemployment Rate
Source: Bureau of Labor Statistics, U.S. Labor Department, yearly figures start each January, ending in December 2008.
www.transamericanalliance.orgCopyright © 2009, Trans-American Alliance for a National Consensus (TANC)
AMERICA’S HEALTHCARE SYSTEMLEAVES MORE PEOPLE FALLING
THROUGH SAFETY NET
AMERICA’S HEALTHCARE SYSTEMLEAVES MORE PEOPLE FALLING
THROUGH SAFETY NET
31.5
47.5
0
10
20
30
40
50
1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007
Millions of People Uninsured
Uninsured Grew 51% In 21 Years
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.
RANKS OF JOBLESS UP 57% COMPARED TO 10 YEARS AGORANKS OF JOBLESS UP 57%
COMPARED TO 10 YEARS AGO
Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)www.transamericanalliance.org
IMPACT OF THE DEREGULATED U.S. MORTGAGE LENDING INDUSTRY &
GROWTH OF SUBPRIME ARM LOANS
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
1700% GROWTH IN PREDATORY SUBPRIME MORTGAGES — $35 BILLION (1996) TO $600
BILLION IN 2006, ACCORDING TO U.S. TREASURY DATA
www.transamericanalliance.orgCopyright © 2009, Trans-American Alliance for a National Consensus (TANC)
4.4 MILLION HOME FORECLOSURES OVER THE LAST TWO YEARS, 2007-084.4 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.)
IMPACT: $435 BILLION IN LOSSES FROM “MORTGAGE-BACKED SECURITIES”AS OF
JULY 31, 2008(According To U.S. Treasury dept.)
DOMINO EFFECT OF SUBPRIME MORTGAGE CRISIS ON U.S. ECONOMY
DOMINO EFFECT OF SUBPRIME MORTGAGE CRISIS ON U.S. ECONOMY
TOTAL HOME EQUITY DROPPED $4.2 TRILLION FROM $13 TRILLION TOTAL IN 2006 TO $8.8
TRILLION BY MID-2008
TOTAL HOME EQUITY DROPPED $4.2 TRILLION FROM $13 TRILLION TOTAL IN 2006 TO $8.8
TRILLION BY MID-2008
www.transamericanalliance.orgCopyright © 2009, Trans-American Alliance for a National Consensus (TANC)
Author/Source: Farcaster, via Wikipedia.org
Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)www.transamericanalliance.org
IMPACT OF 40,000+ LOBBYISTS SPREADING THEIR INFLUENCE
IN WASHINGTON, D.C.
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?
IS IT COINCIDENCE THAT THE BIGGEST BENEFACTORS OF GOV’T BAILOUTS ARE ALSO
THE LARGEST LOBBYING GROUP?
Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)www.transamericanalliance.org
AN OVERVIEW OF WHERE YOURHARD-EARNED TAX DOLLARS
ARE BEING DISBURSED…
AN OVERVIEW OF WHERE YOURHARD-EARNED TAX DOLLARS
ARE BEING DISBURSED…
Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)www.transamericanalliance.org
MOUNTING FEDERAL GOV’T DEFICITS LEFT FOR FUTURE
GENERATIONS TO CLEAN UP…
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!America’s Citizens Can Do Better!
Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)
Americans Can Deliver REFORM with DIRECT DEMOCRACY!Americans Can Deliver REFORM with DIRECT DEMOCRACY!
OUR “REPRESENTATIVE DEMOCRACY”AT WORK!
OUR “REPRESENTATIVE DEMOCRACY”AT WORK!
