February 16, 2008

We predicted that HP hero and Comptroller of the US David Walker didn't have much time left - that' he'd be killed or ousted. Well, he's alive...

But he's leaving. And that sucks. But at least they didn't kill him.

The press release says he's leaving for better and brighter things. But I think Bush and Congress just needed him to go away. Seriously, this courageous man was one of the only people in government telling the truth (one of the others being Ron Paul of course). Not that it mattered though, and I see the MSM quote the $9 trillion number 99% of the time, not the real number.

When Congress or Bush talked about $200 million deficits and $9 trillion debts, it was Walker who'd remind them that WE'RE $52 F*CKING TRILLION IN DEBT. When Congress and Bush had all kinds of great new ways to spend taxpayer money, it was Walker who'd remind them THAT WE'RE F*CKING BROKE.

Well, now he's leaving. And I look forward to his replacement, Mike Norman or David Lereah. But here's a few of his gems on the way out.

* "You're supposed to leave the country not just the way you found it, but better prepared for the future. The baby boom generation is failing on that."

* The wars in Iraq and Afghanistan are "going to cost $2 trillion by the time we're done." [They're up to around half a trillion now.]

* If private corporations published balance sheets the way the federal government does, Walker said, their leaders would go to jail.

* The biggest deficit in this country right now is "leadership."


Lost Cause said...

The treasury has been looted.

Anonymous said...

David Walker was the only dude who ever spooked me about the future of the US. I made a lot of changes in my life because of him.

He's a true American who needs a medal...not that Greenspan a$$hole.

Anonymous said...

I really liked him, thanks David! For doing what you can.

tater said...

The guy should've run for prez! He'd got my vote, for sure.

Anonymous said...

More market manipulation by the central banks (article from SeekingAlpha.com):

“We are not yet at the end of the market crisis,” warned Euro-group finance chief Jean-Claude Juncker. “The corrections will drag on for a few weeks, or months. We have agreed in Tokyo that if there are irrational price movements in the markets, we will collectively take suitable measures to calm the financial markets,” he said.

Asked what type of collective action the G-7 might take during another stock market meltdown, Juncker said, “Whoever has a strategy should not lay it out. Otherwise it will lose its effect, if it is explained.” Russian Finance Minister Alexei Kudrin hinted at a coordinated round of G-7 rate cuts. “Coordination of efforts between central banks on their refinancing rates may soften the consequences of the global credit crisis, because this is the key factor supporting financial systems,” he explained.


Buzz Saw said...

He got his. If he has any integrity he will leave D.C. and never go back.

Anonymous said...

David Walker for President! Ron Paul/David Walker 2008?

This man has my respect and I wish the best for him and the worst for the idiots forcing him out.

Anonymous said...

Comptroller Walker is a hero who told the truth. Next, we will have some guy from Arthur Anderson cooking the books real good and telling us fairy tales.

Anonymous said...

tater said...
The guy should've run for prez! He'd got my vote, for sure.

February 16, 2008 12:46 PM

Why, the guy is full of shiat. Let him publicly call for an FDR solution to this crisis and see how long before he's in jail or dead. FDR is the litmus test for all of todays politicians and baby boomer voters.

If youre not willing to go with FDR then youre a fool left with no solution short of fascism. The kind of fascism that Hjalmar" Horace Greely" Schacht, Montague Norman and the rest created when they installed Adolph Hitler.

But enough with the populist bullshit.

Anonymous said...

This quote below is from the article on David Walker. It also shows you how dumb y'all are. David Walker is joing Pete Peterson's group. Pete Peterson is a long time financial oligarch who would like nothing more than to see the United States destroyed. He once owned the hedge fund Blackstone Group, who boasted talking parrots Warren Rudman who spent all his time trying to destroy the US Government as an effective institution dedicated to protecting the General Welfare.
He's joining the Peterson Foundation, newly formed by Pete Peterson, a long time fiscal Cassandra. It's good he's not going to shut up. And his resignation now means the lame-duck President Bush will appoint his replacement, not some newly elected president later on. (Walker's 15-year term doesn't expire until 2013.) A new president would be more likely to appoint a patsy. But I can't imagine any replacement being as good as Walker. From the press release:

Ben Franklin said...

How odd, as people who succeed in government usually have their consciences surgically removed, well before they attain such power.

Someone must've screwed up, by allowing a person of conscience and integrity to get to such a platform to shoot his mouth off, and daring to speak the truth like that to the plebes.

I suspect Walker was frustrated to learn that no one with control of the purse-strings cared about the problem, and never will (until forced to be accountable by angry citizenry, who's too busy thinking about how they'll squander their stimulus check to understand what the implications are).

ZZwcck said...

It's a sad day when someone who really cares about this country just gives up...

Hey, Republicans and Democrats, want to know what a patriot looks like? Take a look at the picture again. Want to know how a self-important, destructive fool looks like? Look in a mirror.

Let It Sink said...

Fantastic quotes. I couldn't figure out how this guy was able to say the things he said and get away with it.

To take a quote from Meaning of Life, "Well you're dead now, so shut up."
At least that's what The Man wants. Hopefully he will go on to make millions on the lecture/book circuit and thus keep his message alive.

I hope you don't mind, but I'm going to borrow (steal) your quotes for LetItSink.blogspot.com, "for all my classes to enjoy, giving you full credit of course."


Anonymous said...

Thank you Mr. Walker for your honesty. Dont go too far....we are going to need you very soon.

RiperDurian said...

I was just watching this guy on Bill Moyer's journal the other week thinking wow, this guy is great and he is part of the government!

There's hope!

There's hope!

Scratch that.

Anonymous said...

The wars in Iraq and Afghanistan are "going to cost $2 trillion by the time we're done." [They're up to around half a trillion now.]

Obama will pull us out of Iraq in '09.

Anonymous said...

Cheney made him an offer he couldn't refuse. :)

Anonymous said...

The wars in Iraq and Afghanistan cost $500B so far. Barack Obama wants to send another trillion in welfare to the Muslims and Africans.

Anonymous said...

In a government as dubious as this one, David Walker was a misfit anyway. The entire US domestic policy is built around consumers' confidence (gullibility) and investors' psychosomatic impulse (greed-induced ecstasy). Just imagine the hysteria that would engulf the markets had Bush or Cheney walked to the podium and said what Walker was saying. The real truth will never freely come out from the residents of the White House (or Congress for that matter) simply because that would ruin the corporate juggernauts whose generosity helped hoodwink those same “confident” consumers who voted them in. It’s a vicious circle that even a thousand Walkers would not be able to break. The way out of this may only be through blog-steering US public opinion away from the outrageously-complacent MSM, with the hope that, some day, this kind of infocracy and simple people-to-people communication prevails over the corrupt corporate media and the shady media moguls.

Anonymous said...

Speaking of baby boomer greed and Bush administration corruption..

States' DoJs tried to stop subprime predatory lending but Feds removed consumer protection laws.


Predatory lending was widely understood to present a looming national crisis. This threat was so clear that as New York attorney general, I joined with colleagues in the other 49 states in attempting to fill the void left by the federal government. Individually, and together, state attorneys general of both parties brought litigation or entered into settlements with many subprime lenders that were engaged in predatory lending practices.

Several state legislatures enacted laws aimed at curbing such practices, including New York in 2003.

What did the Bush administration do in response? Did it reverse course and decide to take action to halt this burgeoning scourge? As Americans are now painfully aware, with hundreds of thousands of homeowners facing foreclosure and our markets reeling, the answer is a resounding no.

Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the problem.

In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions pre-empting all state predatory lending laws, thereby rendering them inoperative against national banks. The OCC also promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks. The federal government’s actions were so egregious and so unprecedented that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules.

Anonymous said...

In a 1991 speech, given to the Trilateral commission by David Rockefeller he said:
“We are grateful to the Washington Post, The New York Times, Time magazine and other great publications who directors have attended our meetings and respected their promises of discretion for almost 40 years. It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But the world is now more sophisticated and prepared to march toward a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.”
Senator Barry Goldwater in 79 said “What the trilateralists truly intend is the creation of a worldwide economic power superior to the political governments of the nation-states involved. They believe the abundant materialism they propose to create will overwhelm existing differences. As manager and creators of the system they will rule the future.

Anonymous said...

David Walker told the unvarnished reality.

Thank you, David Walker.

Smart Independent

Anonymous said...

Obama will pull us out of Iraq in '09.


no he won't, sucker.

Jack said...

Hey, if you guys want to hear more about Walker's resignation and the future fiscal issues challenging the country...you should check out this newsletter. They worked with David Walker to make a documentary called I.O.U.S.A.