Have You Seen the Ally Bank Commercials? Beware a Wolf in Sheep’s Clothing.
I’ve been seeing a couple of catchy TV ads on recently for what appeared to be a new bank offering better than average terms and rates for depositors. You have probably seen the commercial in which the two girls get ponies, one fake and one real which exclaims that even a 5 year old knows it is wrong to hold out on someone.
Well Ally Bank, why are you holding out on us? Ally Bank is actually GMAC Bank. GMAC Bank is better known as the troubled financing arm of GM, or Government Motors. Back in the end of 2008 GMAC was given special government hand holding to convert itself into a federal bank and thereby become eligible for the TARP bailout funds, which it ate from hungrily. In fact GMAC Bank, or ALLY as they now call themselves sucked up over 12 billion in taxpayer dollars. Now they are using that money to re-brand themselves and dump their GM badge and attempting to leverage honest, non-government funded banks out of the market using our 12 billion dollars to subsidize unsustainable returns which are about twice what banks who aren’t burning taxpayer dollars can pay.
Sure I can get a better rate at Ally Bank, but I can’t get honesty and I couldn’t sleep well at night knowing I am doing business with thieves and cheats. Give back our money GMAC Bank err… Ally and leave the market alone. You’ve already manipulated our financial house into ruin.
Ridgefield Tea Party
While the media was busy covering the Working Families Party/Acorn door to door bus run at just about 2 reporters for each protester average Americans like you and I were down in Ridgefield spreading the gospel of personal and corporate responsibility with all the temporary pain and hardship that entails.
The Tea Party was a smashing success with over 200 in attendance. Here are a some videos and photo galleries of the day’s events.
Something to consider for Tea Party protesters such as myself is whether the stimulus monies earmarked for Acorn paid for the bus, signs, letters stipends and other materials used for the door to door class warfare protest… irony… hypocrisy? Maybe just a lack of freedom principles.
http://community.webshots.com/slideshow/570623932wgWpof
[youtube=http://www.youtube.com/watch?v=O0NmpJ9qVWY]
[youtube=http://www.youtube.com/watch?v=ni8KqRD0WVk]
[youtube=http://www.youtube.com/watch?v=b_AQrXZ_xNA]
[youtube=http://www.youtube.com/watch?v=baJ9H6Et84c]
[youtube=http://www.youtube.com/watch?v=yamcoOqAmww]
http://www.jasetaro.com/blog/2009/03/21/scenes-from-the-rebellion-ridgefield-tea-party/
Reminder: Ridgefield Tea Party this Saturday!!!
In 1773, a small group in Boston met to discuss taxes, monopoly and tea…
Are You Opposed to the So-Called “Stimulus” Bill?
Do You Believe the “Mortgage Bail Out” Rewards Bad Behavior?
Are You Willing to Make Your Voice Heard?
You are invited to attend a “tea party” being held in downtown Ridgefield, CT to make your voice heard. We want to encourage other like-minded citizens to oppose giant government programs that will reach deep into our pockets, creating huge economic burdens for ourselves and our children.
Just as a few patriots did in 1773, we are protesting an irresponsible and unresponsive government. We plan on a cheerful, constructive demonstration. Please join us!
WHERE: Ridgefield, CT. The corner of Main Street and Bailey, near Town Hall. (Public Parking is available off Bailey and also off Prospect St. one block away)
WHEN: Saturday, March 21st at 10:00 a.m.
WHAT YOU’LL NEED: Your voice, a good attitude and a desire to have your views heard.
This peaceful protest is being organized by local residents and is permitted in the town. Let your fellow citizens know your views and meet other like-minded people who want responsible government.
Now is the time for all good men and women to come to the aid of their country.
Bailout Illustrated – Comedy of Absurdity
[youtube=http://www.youtube.com/watch?v=sxBl9BXLom4]
A Novel Idea
According to a July RSC report 2007 capital gains revenues were about 127 billion dollars.
How about instead of giving hundreds of billions of dollars to banks in a hope that they’ll stay solvent and lend capital we eliminate the capital gains tax for the next year. It makes a lot more sense to allow persons like myself and my neighbors to invest what savings we have, also known as capital, in the economy without the government taking 10, 15, 20% or more of what growth we manage to earn.
Better yet, think of how much money people like Warren Buffet and the rest of the richest men in the world will unleash into the market when they are able to make a decent return free from the tax burden instead of investing in 1% government bailout bonds to dodge taxes.
Nope…. makes too much sense.
