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Jack Lew's Triple Whammy - IRS Ignorance, Corzine Corruption, And The 'War On The Poor'

Tyler Durden's picture


While some, we are sure, will view this brief clip as partisan showmanship by Representative Steve Pearce, the questions he asks Treasury Secretary should surely be responded to in some manner that is anything but the typical perfunctory shrug these matters normally garner. From Lew's apparent disbelief that the IRS Audits debacle was in any way 'political' to Lew's "waiting for the investigation' on Jon Corzine's misappropriation of funds, and finally to the "War on the Poor" that Pearce describes the current administration's policies (for the benefit of Wall Street); these few minutes are well worth some time as we 'remember' this weekend.

"For New Mexico, we recognize a war on the poor when we see it"

(h/t Sense On Cents)


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Fri, 05/24/2013 - 21:49 | 3597610 all-priced-in
all-priced-in's picture

Jack Lew's  response --

But we released pictures from Obama's senior prom - what else could people want from us?



Fri, 05/24/2013 - 21:53 | 3597629 newengland
newengland's picture

That will not appease the BIS which dislikes political losers.

Fri, 05/24/2013 - 22:58 | 3597757 markmotive
markmotive's picture

This is not new. There has always been a war on the poor.

But...apparently we're getting stupider, so it's getting even easier to screw the middle class and poor.

Fri, 05/24/2013 - 23:08 | 3597778 newengland
newengland's picture

Always is rather different than now, and what people who live now are willing to do about their fate.

The BIS is most unhappy with its well paid minions in government, and tax funded commercial banks.

If you live in a country with a central bank, then you ought to be more aware of the BIS, not its minions, and snivelling career politicians, lobbyists and commercial banks bailed out with tax money.

Sat, 05/25/2013 - 00:57 | 3597932 Troll Magnet
Troll Magnet's picture


Oh, wait...

Sat, 05/25/2013 - 02:07 | 3597984 redpill
redpill's picture

I don't know why they call him Lack Jew, he seems to have it all in spades!

Fri, 05/24/2013 - 23:12 | 3597786 kchrisc
kchrisc's picture

Let's be crystal clear: government is a war on the poor and creates more poor from the middle-class.

Sat, 05/25/2013 - 12:30 | 3598404 Buckaroo Banzai
Buckaroo Banzai's picture

Bingo. A tiny elite cannot dominate unless they have a huge number of people who are wholly dependent upon them for their very subsistence.

Any elitist society can only function when the top and the bottom of the pyramid conspire against the middle.

Sat, 05/25/2013 - 12:21 | 3598390 jerry_theking_lawler
jerry_theking_lawler's picture

ah, therein lies the rub....

in the 'take from the rich and give to the poor' meme, the poor does not realize that they are only receiving a very small % of what is taken.....the rest is skimmed off by the .gov and its officials.

this is why us ZHs call this 'doing gods work'......their god is greed, power, money (which are all actually one in the same).....

if the public honestly thinks they can get something for nothing, they are sadly mistaken. they loose their freedoms with the acceptance of each FRN that is given to them......

Sat, 05/25/2013 - 23:30 | 3598888 Al Gorerhythm
Al Gorerhythm's picture

This is not new or newsworthy. It is however, noteworthy.

This dog and pony show is a diversion away from the real problem; the theft of the wealth of the nation by the debt based system of government, as symbiotically fed by tranfusions from the Federal Reserve. Governments globally engorge on the productivity of the worker. In order to undermine the independence of the citizen, all that needs to be done is to undermine the foundation of his independence, (thereby making him dependenet).

What is that foundation? His laws underpinning his labour and the money tokens he values it in. 

How do you undermine his laws? Re-interpret them or ignore (break) them.

How do you devalue his money? Counterfeit it. It is the only way.

Who controls the issuance of that money? A group of private banks.

Who enshrines the legitimacy of the counterfeiting process? The government with legal tender laws.

Whose laws protect us from counterfeiting? Why, the people's laws; The Constitution.

Who is disregaring those laws but claim to have had no responsibility over it? Every oath-sworn member of the Congress, Senate, Judiciary, Military, Police. In fact, every member of any government who is not publicly denouncing the constitutional illegality of the government endorsed, privately owned cartel of counterfeiters known as the Federal Reserve Bank.

This guy knows it.

They ALL know it.

Don't let them divert you from the truth of knowing about it.

Fri, 05/24/2013 - 22:15 | 3597670 Ying-Yang
Ying-Yang's picture

“When I was a kid I inhaled frequently. That was the point.”

- Marijuana Quote By Barack Obama

Sat, 05/25/2013 - 10:46 | 3598279 logicalman
logicalman's picture

Oh, No.

I agree with BO on something!!!!


Sat, 05/25/2013 - 10:55 | 3598285 Doña K
Doña K's picture

But did he swallow?

Fri, 05/24/2013 - 22:54 | 3597750 yogibear
Sat, 05/25/2013 - 09:31 | 3598198 tango
tango's picture

Hope you realize how uttery absurd comments like this sound -  unless you actually believe that certain religious types act a certain way.  It's a notion totally born of ignorance and rejected by science but what they hey - bashing Jews is always good for a few laughts on ZH. And no, Lew doesn't work for Wall Street, we works for Obama.  I still can't figure out what the fascination Christians have with Jews - it's so...primitive. 

Sat, 05/25/2013 - 09:58 | 3598227 Sparkey
Sparkey's picture

I agree with you Tango all this is a waste of time, for the real news go to Yahoo, there you will find an in depth analysis of what Gov. Chris Christie said to Snooki, there is a picture of them standing together and everything, this is great Christie and Snooki in the same picture! how can I make a copy for the wall?

Sat, 05/25/2013 - 17:58 | 3598832 Ying-Yang
Ying-Yang's picture

and... just visualize both of them bumping uglies.





Sat, 05/25/2013 - 10:46 | 3598276 tarsubil
tarsubil's picture

Jews have always been connected to finance. Many become lawyers as well as doctors. I prefer Jew doctors and when I'm in the need Jew lawyers. Jews do tend to do these things. It might be their genetics even though given the relatively extremely high rates of recessive genetic diseases among the population there is a suggestion that the inbreeding has taken its toll genetically. My guess is that Jews are more a product of their culture. They tend to be professionals. Chinese that come to America tend to really work hard at school. Rich oligarch youth Chinese that stay in China tend to be stupid. Urban blacks tend to do poorly at everything besides sports. African blacks that come to America tend to do well at school and professionally. Whites depending on their culture here in America (Northeast, Midwest, South, California) are all over the place. The point being, culture does make a difference for Jews like it does for all human beings, that is Jews are human beings like me and you, and genetics doesn't seem to be as big of a factor. Jew culture tends to put them in finance. Sad thing is that since the financialization of this country and the world began in the early 1900s, Jews tend to get the positions which are now responsible for destroying everything. Still, I prefer Jew doctors for myself and daughter and lawyers (my ex-wife went with a white lawyer and she is pretty much fucked).

Sat, 05/25/2013 - 18:31 | 3598874 F. Bastiat
F. Bastiat's picture

Well, if there's one thing we know for certain, it's that he's cut from the same neo-Bolshevik cloth as Cass Sunstein, Peter Orszag, and Gyorgy Schwartz.

Sat, 05/25/2013 - 01:39 | 3597973 Go Tribe
Go Tribe's picture

zionist lew

Sat, 05/25/2013 - 07:47 | 3598080 nmewn
nmewn's picture

"The situation escalated in 2012. That February, True the Vote received a third request for information from the IRS, which also sent its first questionnaire to King Street Patriots. Catherine says the IRS had “hundreds of questions — hundreds and hundreds of questions.” The IRS requested every Facebook post and Tweet she had ever written. She received questions about her family, whether she’d ever run for political office, and which organizations she had spoken to."

On the same day they received the questions from the IRS, Catherine says, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) launched an unscheduled audit of their machine shop, forcing the Engelbrechts to drop everything planned for that day. Though the Engelbrechts have a Class 7 license, which allows them to make component parts for guns, they do not manufacture firearms. Catherine said that while the ATF had a right to conduct the audit, “it was odd that they did it completely unannounced, and they took five, six hours. . . . It was so extensive. It just felt kind of weird.”

That was in February. In July, the Occupational Safety and Health Administration paid a visit to Engelbrecht Manufacturing while Bryan, Catherine, and their children were out of town. The OSHA inspector talked with the managerial staff and employees, inspecting the premises minutely. But Bryan says the agent found only “little Mickey Mouse stuff, like, ‘You have safety glasses on, but not the right kind; the forklift has a seatbelt, but not the right kind.’” Yet Catherine and Bryan said the OSHA inspector complimented them on their tightly run shop and said she didn’t know why she had been sent to examine it."

And...fucking game on...True The Vote sues IRS...


Is Bob Bauer the smoking gun?

"What came next was not common. Bob Bauer, general counsel for the campaign (and later general counsel for the White House), on the same day wrote to the criminal division of the Justice Department, demanding an investigation into AIP, "its officers and directors," and its "anonymous donors." Mr. Bauer claimed that the nonprofit, as a 501(c)(4), was committing a "knowing and willful violation" of election law, and wanted "action to enforce against criminal violations."

"Also on Sept. 8, Mr. Bauer complained to the Federal Election Commission about AIP and Mr. Simmons. He demanded that AIP turn over certain tax documents to his campaign (his right under IRS law), then sent a letter to AIP further hounding it for confidential information (to which he had no legal right)."

Patterns...modus operandi...

Sat, 05/25/2013 - 09:24 | 3598188 Miss Expectations
Miss Expectations's picture

I want to see the IRS' procedure for calling in the FBI, ATF and OSHA that was used after the IRS concluded that additional special treatment was warranted.  Additionally, should the FBI, ATF and OSHA fail to destroy the applicant, what other steps were they willing to take?

Sat, 05/25/2013 - 12:34 | 3598407 nmewn
nmewn's picture

"Additionally, should the FBI, ATF and OSHA fail to destroy the applicant, what other steps were they willing to take?"

I'm thinking the EPA would be called in next to see if any carbon was being admitted. If none, ICE would have the next crack at them to check for residency status. If they pass, next up would be the CIA or DHS with a drone strike.

After all that, the USDA would come by to grade the quivering piece of meat that used to be a citizen.

Not quite prime, of course ;-)

Sat, 05/25/2013 - 15:33 | 3598652 Miss Expectations
Miss Expectations's picture

"After all that, the USDA would come by to grade the quivering piece of meat that used to be a citizen."

...Leading to a claim for SSI, which would be immediately denied.

Sat, 05/25/2013 - 17:29 | 3598793 nmewn
nmewn's picture

lol...and along with the rejection, a shakedown letter from Kathleen Sebelius at HHS asking for a "donation"...

"The links between a nonprofit promoting President Obama’s healthcare law and the White House have created an “air of expectation” that insurers will contribute to the group, according to an insurance industry official.

Current and former administration officials have taken on leadership and fundraising roles for Enroll America, a nonprofit aiming to make sure people sign up for new coverage options. As the ties grow deeper, the organization has come to feel like “just an arm of the administration,” said one official who works closely with insurers."

Nothing like having a high government official, that regulates your business, put the arm on you.

Say, dis is a nice place you'ze guys got heyah. Be a real shame if sumpin was to happen to it, know what means?

I'll have Vito come round every so often to check on it for yus ;-)

Sat, 05/25/2013 - 18:30 | 3598870 F. Bastiat
F. Bastiat's picture

That type of response shows precisely how frightened the central government is of an organized, educated, and on-deck citizenry.

Organize, educate, network. Persistently.

Sat, 05/25/2013 - 19:28 | 3598922 nmewn
nmewn's picture

I have long held that opinion.

These (the majority of them) are some of the most paranoid, suspicious, nosy, trfling, incompetent beings there are.

I'm also of the opinion, that they are soft without the bureaucracy supporting them. They will crack, if the pressure stays on.

We have to do it...for the apathetic among us ;-)

Sat, 05/25/2013 - 16:25 | 3598713 tarsubil
tarsubil's picture

I think Jack's response was, "You are being audited. And the same for anyone else on this panel that gives me shit. King Kong doesn't have shit on me."

Fri, 05/24/2013 - 21:47 | 3597612 thepsilocircus
thepsilocircus's picture

I find it hard to believe that anyone in that room would allow themselves to experience the mood altering, mind shattering, cognative dissonance tsunami required to pressure wash the protective coating of statist dopamine slime from their brains. 

Fri, 05/24/2013 - 22:06 | 3597652 LetThemEatRand
LetThemEatRand's picture

As much as this issue infuriates me and I agree with Pearce entirely in his outrage, bear in mind that Pearce is also a "statist," asking questions in a Congressional Hearing on behalf of the State.   

Fri, 05/24/2013 - 22:20 | 3597676 thepsilocircus
thepsilocircus's picture

Thank you for the response, I almost removed "statist" from my excuse of a sentence to prevent wandering thoughts.

I understand that- and while Pearce's message is important and I agree with it- the problems he's referring to are a symptom of greater issues that should be addressed. The point of failure in the system he's questioning is far from interest rates. Still, I do like the way he simply highlights one of the unfortunate effects. I'm sure he comprehends how it's hurting his constituents.


No one in that room wants what's coming to happen, but they aren't going to do anything to stop it.

Fri, 05/24/2013 - 22:25 | 3597682 LetThemEatRand
LetThemEatRand's picture

The only reason I pointed it out is that I have a philosophical disagreement with blaming "the State" for the corruption that has taken it over.  Constitutional government is anything but perfect, but it beats the alternative and this hearing at least casts a glimmer of light on why that is.   But in any event you and I are in complete agreement that Pearce is dead on.

Fri, 05/24/2013 - 22:31 | 3597699 thepsilocircus
thepsilocircus's picture

For now, I am convinced that markets are better feedback mechanisms than voting.

Who knows if states (regional monopolies on force) would exist? Although, I suppose any sort of truely voluntary environment is something of a pipe dream. 

Fri, 05/24/2013 - 22:36 | 3597718 newengland
newengland's picture

There is no honest price discovery when central banks use QE to infinity, and buy soverign debt, thereby hiding the bankruptcy of failed politics, failed central banks.

Fri, 05/24/2013 - 22:43 | 3597731 thepsilocircus
thepsilocircus's picture

Ah yes, the grand game of misallocating capital. I think we are getting close to discovering the point of failure. 

Fri, 05/24/2013 - 22:59 | 3597760 SafelyGraze
SafelyGraze's picture

'experience the mood altering, mind shattering, cognitive dissonance tsunami required to pressure wash the protective coating of statist dopamine slime'


this is why I pay the hundreds-per-month subscription to the the zh report



Fri, 05/24/2013 - 23:03 | 3597769 newengland
newengland's picture

One morning the world will wake up to a different world. I think that will happen this year, probably Q3. The reset is soon.

Sat, 05/25/2013 - 00:45 | 3597914 disabledvet
disabledvet's picture

I think it's coming Tuesday but we shall see. Don't know how long you've been lurking here but we've covered every crisis there is going on 5 years now. "Greece" happened when "times were normal." we covered that one else. "the crazy people are the normal one's." if you want to survive the market place one day you better not expect normal...especially now. Insofar as the "war on savers" and anyone who works...if there no other choice than the State then I say take it. This is a war on terror...we do have a multitude of policy successes to go with out "mistakes were made"...Wall Street is swimming in what used to be "our money" design probably. Not saying "raise taxes through the roof" here...but it would be nice if a capitalist or two would come out to speak towards how we move the polity forward here. That war machine is going nowhere...

Sat, 05/25/2013 - 04:09 | 3598030 Offthebeach
Offthebeach's picture

At least they could Fedgov us debt slaves into green shoots, hope and changing, build some massive pyrimids. Instead we got bridges that collapse or young males walking in circles in the world's Siberias, occasionally brass ringing a land mine.
Young women are Section 8 breeders.
Old folks in pre hospice ghettos.
The rest of us at hump jobs giving up our lives to make lesse payments and mortgage rent on cars, crap, and shelter we won't ever own.

Fri, 05/24/2013 - 22:38 | 3597720 LetThemEatRand
LetThemEatRand's picture

I see balance as the answer.  The same guys who are corrupting our Constitutional government would corrupt free markets.  Checks and balances are the key, which is the brilliance of our system.  Alas even the best system is susceptible to corruption, but that's where the citizenry needs to get active and take it back.

Sat, 05/25/2013 - 01:17 | 3597946 Troll Magnet
Troll Magnet's picture

well, you know, those zionists have a pretty good track record of fucking things up pretty good for gentiles throughout history.

Sat, 05/25/2013 - 01:32 | 3597963 LetThemEatRand
LetThemEatRand's picture

It's not just the Zionists.   

Sat, 05/25/2013 - 18:23 | 3598863 F. Bastiat
F. Bastiat's picture

Repealing the 16th and 17th amendments would help dramatically by significantly reducing the centralized power in Washington, DC.


Fri, 05/24/2013 - 22:25 | 3597688 newengland
newengland's picture

They can't stop it. It's too late. The tiny boats of finance float on the great ocean of economics.

The 60s generation partied on, and made more debt than the world has ever known.

All they can do now is apply a band aid to the cancer.

They ought to take an immediate pay cut to the level of the average wage in their constituency, and forgo any tax paid entitlements, if they had any integrity.

Sat, 05/25/2013 - 07:03 | 3598079 drdolittle
drdolittle's picture

They don't.

Or, at least 95-99% of them have no integrity.

Sat, 05/25/2013 - 09:42 | 3598211 Crassus
Crassus's picture

As a baby boomer I acknowledge that my generation was the creepiest. Not for our acts as youths but for the boundless greed and "if you don't get caught you haven't commited a crime" attitude since. The 60's Great Society, Cold War, and hot war in Vietnam were expensive but take into account the, "spending the Soviets broke," strategy of the 70's and 80's. We spent them broke and ourselves as well and we have been disguising it ever since.

Sat, 05/25/2013 - 10:52 | 3598283 logicalman
logicalman's picture

Many things are 'criminal' that should be legal.

Many things are legal that should be criminal.

......because the true criminals make the laws.


Sat, 05/25/2013 - 14:55 | 3598607 Bollixed
Bollixed's picture

"The 60's Great Society, Cold War, and hot war in Vietnam were expensive but take into account the, "spending the Soviets broke," strategy of the 70's and 80's. We spent them broke and ourselves as well and we have been disguising it ever since."

Funny how those items you mentioned were initiated by the pre-Baby Boomer generation and foisted on the BB generation without the need for consent.

"As a baby boomer I acknowledge that my generation was the creepiest."

You may be surprised in a few decades at what a generation of folks who can't take the time to look up from their smart phones will produce for their offspring to inherit.

Sat, 05/25/2013 - 18:22 | 3598862 F. Bastiat
F. Bastiat's picture

Not exactly.

The USG has $17 trillion in debt, $10 trillion of which has been accumulated since 9/11/01.

The muzzies may be barbarians, but they are certainly not fools when it comes to baiting the USG into virtual bankruptcy as part of their global jihad.

Sat, 05/25/2013 - 22:36 | 3599115 Bollixed
Bollixed's picture

"The muzzies may be barbarians, but they are certainly not fools when it comes to baiting the USG into virtual bankruptcy as part of their global jihad."

Given the huge transfer of wealth up to the cronies I see it as more of case of them being pawns in a game where they are distracted by religous ideals moreso than as a backdoor way of bankrupting the USSA.

The PTB drew first blood intentionally. Methinks there's a plan afoot...

Sat, 05/25/2013 - 23:57 | 3599220 F. Bastiat
F. Bastiat's picture

You're quite right that it's not only the islamists who are intent upon bankrupting the USG, but the neo-Bolsheviks as well.  No question about it.

Sun, 05/26/2013 - 01:32 | 3599295 SWIFT 760
SWIFT 760's picture

The muzzies might be living in traditions from the stone age but they arnt the problem. You must be one of them kikebots paid to make dumbshit comments.

Btw, the US debt isnt $17t, that amount is what the israelis owe the US taxpayer. The US debt is apprx $80t including medicaid/medicare, fanny/freddy, ss fund...

Sat, 05/25/2013 - 21:36 | 3599052 Race Car Driver
Race Car Driver's picture

> We spent them broke and ourselves as well ...


And for what? So .gov could hire the jobless heads of the KGB and Stazi as 'consultants'?

Sat, 05/25/2013 - 09:26 | 3598191 tango
tango's picture

What's more infuriating are those who claim to see no difference betwwen Pearce and say, a Harry Read or Charlie Rangel.   Folks like Pearce may not pass the ZH ideological purity test but they are a hell of a lot better than the alternative.  And clue - anyone who is a US citizen argues on behalf the "State" when they invoke laws of property, liberty or tax.  

Fri, 05/24/2013 - 21:47 | 3597613 newengland
newengland's picture

Very good man, Mr Pearce. 

The war on the poor is seen.

The profits of the guilty are seen.

End the Fed.

Jail wrongdoers, however lowly or high in status.

It is overdue for well off people to defend our neighbors

Fri, 05/24/2013 - 21:59 | 3597642 Harbanger
Harbanger's picture

Did you notice how the room was eerily empty.  Yeah they should end the fed but this is much more ominous.  Using the IRS to target any group is criminal.

Fri, 05/24/2013 - 22:10 | 3597657 newengland
newengland's picture

Well then, we'll just have to persist, won't we ;-)

'First They Came'. Only this time, 'they' have reason to be afraid as they blew up the world financial system, and struggle to find a way out.

Fri, 05/24/2013 - 22:44 | 3597722 tickhound
tickhound's picture

And when did you suddenly become so sympathetic?


Wasn't it you who said it was the poor who needed to find a "niche."  Something they can do more practical than a computer or a machine? 

And since when did you blame the IRS for anything other than some failure regarding those poor people who pay NO taxes?

I thought your meme was "t was the poor's fault?"  "Niche" to find....

Dude, you're like cowshit. You're all over the place.

Fri, 05/24/2013 - 23:25 | 3597814 Harbanger
Harbanger's picture

Who are you posting to?  I know it's not me cause I have no idea what you're talking about but your response is under my comment.

Fri, 05/24/2013 - 23:35 | 3597833 tickhound
tickhound's picture

Well if you can't deduce... I can't help you.  But there's no helping you.  You can't keep track of your own shit....

cuz... "You're all over the place."

Fri, 05/24/2013 - 23:57 | 3597863 PeterLemonJello
PeterLemonJello's picture

Dude, I think it is you who is who is cow shit and "all over the place".....try to compose a coherent thought or complete sentence and maybe, just fuckin maybe, people would understand what you're trying to post.

Sat, 05/25/2013 - 00:09 | 3597877 tickhound
tickhound's picture

I wasn't talking to "people."  I was talking to another hardwire.  It's not my concern if "you know." 

"And if you don't know now ya know." 

So STFU rookie.

Sat, 05/25/2013 - 02:39 | 3597996 Harbanger
Harbanger's picture

Listen fool, you have me confused with someone else.  Show me where I said anything remotely like what your talking or suck my ass.

Sat, 05/25/2013 - 12:40 | 3598411 tickhound
tickhound's picture



Sun, 04/07/2013 - 19:11 | 3419931 Harbanger


"The former factory laborer can "find a new niche" in the economy and they will also benefit from the lower costs of all products, including food. What's important is the value of your work.  We have high unemployment... because the oversized welfare states are stealing the wealth of every individual....."


Is that REMOTELY similar?  And BTW, have you submitted this brilliant "find a niche and benefit from lower product cost" plan to the Labor Department? 

I'd be happy to do more homework to refresh your memory... including other examples where you indirectly excuse the corporate welfare of Wall Street, in favor of your more popular attacks on the "lower income welfare state."  

Just "FIND A NICHE!!!"  Problem solved!  Who knew?

Sat, 05/25/2013 - 14:03 | 3598539 Harbanger
Harbanger's picture

Haha, you're cute.  I'm glad you took the time to read my posts even if they're hard for you to comprehend. The discussion was regarding economic growth; technological advancements vs manual labor. Not the poor vs rich meme that you so robotically knee jerk into.


You accused me of saying it is "the poor who needed to find a niche."" I never said that. Reread my comment slowly, I said laborers will find a new niche in a new technological economy. You say my meme "it's the poor's fault". Not true. Reread all my comments slowly. I lay blame squarely on the Socialist's who created the welfare state and their apologists.  That includes you.


Sat, 05/25/2013 - 14:33 | 3598578 tickhound
tickhound's picture

I lay blame squarely on the Socialist's who created the welfare state and their apologists.  That includes you.


LOL, no matter how you spin it, you're an idiot.  Why read your comments slowly when I can skim the scrolling headlines on FOXNEWS to capture your daily theme?  They "will find a niche."  LMAO.  Idiotic no matter how slowly I read it. 

"Socialists."  Like the Pavlovian mutt that you are... That's YOUR OWN everytime kneejerk when confronted... your usual response to ANYTHING you don't understand.  

You want the WAGE SLAVE no matter the dildo-ist in charge.  You believe in "GROWTH."  You're the apologist for the ponzi.  And ANYBODY who sees it another way is a "socialist" in your world. 

You're the problem.  Read that slowly.    

Sat, 05/25/2013 - 18:18 | 3598860 F. Bastiat
F. Bastiat's picture

Igor Shafarevich wrote extesnively about the "Socialist Phenomenon" in his essay "Socialism in Our Past and Future"; it's well worth reading:



Fri, 05/24/2013 - 21:47 | 3597615 DoChenRollingBearing
DoChenRollingBearing's picture

New Mexico is a poor state, so I can see this would be sensitive.

"Jack Lew is nothing new."

Fri, 05/24/2013 - 21:51 | 3597623 newengland
newengland's picture

Mr Pearce makes the point that savers who make their own way  prudently are being ruined by the Fed's artificially low interest rates which punish their savings, and rewards the banksters like Corzine and the IRS who ruined the global financial system with their lies, fraud and derivatives.

Sat, 05/25/2013 - 02:05 | 3597982 brettd
brettd's picture

Can't save. Must invest.

Rather have shares in PG/F/GE/BA/COP than USA (the dollar)!

Sat, 05/25/2013 - 09:24 | 3598187 Meme Iamfurst
Meme Iamfurst's picture

If you say the average American, no, make that nearly every American, do you want to help the poor, they will say yes.  But in reality, it is me me I 'm first, and to hell with you and your problems.  Americans in debt are comrades, savers are looked at like lepers.

The divided and conquired plan has many forms, and until each person stands naked,broke, broken, defenseless, and alone before this powerful new American philosphy, the game will continue to be played. Just look at the game played to 'help save homeowners'.  American will help cats, dogs and staged United Way sad faces on billboards of childern in a foreign land before we will help our own at home.  Just look at the homeless Vets, and ask yourself if you really care.  Americans have become un-american, and look at this nation that is poor, un-healthy, un-educated, un-employed, as the new normal.

 I have to wonder who has their political gunsite aimed at Mr. Pearce's next election....who would like to see his kind of 'entitlement speech' gone from c-span and zerohedge?

Fri, 05/24/2013 - 21:58 | 3597638 Bazza McKenzie
Bazza McKenzie's picture

I think we'll be hearing a lot more of that phrase "the war on the poor".  The imagery it evokes will be impossible for the Fed, Wall Street and Obama to combat.  It shifts the sense of what is happening from one where savers are just collateral damage to one where they are the target, and it does it with 5 simple words to which everyone can relate.

In addition, since everyone is now used to the government conducting "wars": on poverty, on terror, on cancer, etc, it connects the outcome for ordinary Americans with a deliberate, concerted attack by the government.

Fri, 05/24/2013 - 22:05 | 3597649 newengland
newengland's picture

Cheers, Bazza.


Fri, 05/24/2013 - 22:08 | 3597655 Harbanger
Harbanger's picture

"the war on the poor" imagery never hurts the democrats, especially not Obama.  The democrats have been declaring a "war on poverty" since LBJ.

Fri, 05/24/2013 - 22:19 | 3597678 LetThemEatRand
LetThemEatRand's picture

Red Team, Blue Team, blah blah blah.  Both parties have been destroying the middle class (what he is really talking about even though he uses the term "poor") for 40+ years.  

Fri, 05/24/2013 - 22:27 | 3597690 Harbanger
Harbanger's picture

We're talking about Obama and the Democrats.  They control the WH and senate.  They are targeting their opposition and limiting free speech in America.  Yes they've now officially become the American Nazi party, I keep forgetTing you say you voted for RP.  Maybe it's because you're so sensistive to any critiscm of the regime.

Fri, 05/24/2013 - 22:32 | 3597700 LetThemEatRand
LetThemEatRand's picture

The reason we have the American Nazi Party (which I agree this WH has become) is because people such as yourself keep voting for the other Team rather than recognizing that both teams have the same agenda.  If you read my post, I am not defending Obama or Democrats.  I am defending the Constitution, which both parties seek to destroy for their own self-interest.  If people don't figure that out we'll have the endless pendulum of different brands of cola.  Your post seeks to debate the merits of Pepsi versus Coke. 

Fri, 05/24/2013 - 22:38 | 3597708 newengland
newengland's picture

True, LetThemEatRand.

Sat, 05/25/2013 - 00:38 | 3597907 HulkHogan
HulkHogan's picture

LTER and I seem to agree about a lot, which often makes us sound like Commi's. But, keep preaching, brotha.

Fri, 05/24/2013 - 22:36 | 3597719 Harbanger
Harbanger's picture

There are ZERO Constitutionalist's on the Democrat side.  At least there are some on the Republican side.  They are NOT the same.

Fri, 05/24/2013 - 22:41 | 3597727 LetThemEatRand
LetThemEatRand's picture

And you've just exemplified why we're in the mess.  Lesser of evils is still evil.  We can do better.

Fri, 05/24/2013 - 22:43 | 3597734 Harbanger
Harbanger's picture

I see it as defeatist or misleading to say there is no opposition.  Which is what your're indirectly saying, if after all they're all the same.

Fri, 05/24/2013 - 22:46 | 3597738 LetThemEatRand
LetThemEatRand's picture

What is defeatist is voting for Coke because it is slightly less sweet than Pepsi when you are saying you don't like cola.

Fri, 05/24/2013 - 22:59 | 3597759 Harbanger
Harbanger's picture

So if there is no opposition then who was the regime targeting with the IRS?

Fri, 05/24/2013 - 23:23 | 3597807 newengland
newengland's picture

The same team that supports the NDAA and Patriot Act whereby soldiers and veterans are considered to be potential terrorists...while CONgress uses tax money to buy weapons for Al Qaeda in Libya and Syria?

Friend, we the people are being used and abused most horribly by globalists who care nothing for any country, least of all the USA which the international financiers despise most, for its Constitution and Declaration of Independence.

Fri, 05/24/2013 - 23:25 | 3597812 Dr. Engali
Dr. Engali's picture

The regime was targeting conservatives who are completely different group of people than republicans.

When Boehner has enough balls to impeach Obama then I will believe there is an opposition party.

Sat, 05/25/2013 - 00:17 | 3597889 oddball
oddball's picture

Great point.  + a million, thanks.  It's funny to see the repubtwerps get all huffy and claim the TEA party when they themselves are threatened by independent conservatives.  Ron Paul?  


They have much to lose (as the other assholes) with the people getting off the statist express.  


..i.. D.C. grow a fucking spine.


Sat, 05/25/2013 - 01:27 | 3597957 FinalCollapse
FinalCollapse's picture

Boehner and balls do not belong in the same sentence and neither paragraph.

Sat, 05/25/2013 - 12:27 | 3598397 F. Bastiat
F. Bastiat's picture

Boehner's interested in swilling shots of Makers and shedding tears.

Doesn't mean he can't be replaced with a House version of Ted Cruz, though.

Find a House version of Ted Cruz and getting him in the fight would be a small step in the right direction.  Takes time and fortitude.


Sat, 05/25/2013 - 14:11 | 3598553 ajax
ajax's picture



anyone here ever been "audited" ??  It's no fun.

Fri, 05/24/2013 - 23:29 | 3597816 tickhound
tickhound's picture

People you identify with... and THAT is the ONLY reason you give a fuck.  OTHERWISE, it's "they need to find a niche" or some bullshit you feel justifies your position. 

You're all fluff. 

You're part of the problem.

Sat, 05/25/2013 - 00:40 | 3597910 HulkHogan
HulkHogan's picture

Bush targeted Anti-War groups.

Sat, 05/25/2013 - 03:31 | 3598018 Harbanger
Harbanger's picture

"Bush targeted Anti-War groups."

Nothing better than the "they did it too" BS excuse.  Lets keep ratcheting up excuses on both sides, that always works out well.

Sat, 05/25/2013 - 11:34 | 3598325 Bay of Pigs
Bay of Pigs's picture

Your argument has been demolished. Wake the fuck up.

Fri, 05/24/2013 - 23:30 | 3597823 Schmuck Raker
Schmuck Raker's picture

"If after all they are all the same" then there is no opposition?

What a complete lack of logic you display.

What percentage of eligible voters cast ballots last go round?

Can those that abstained be said to "oppose" both candidates?

LTER said both PARTIES are the same, that doesn't preclude an opposition.


To expand LTER's logic: just because THIS party(Dems) are currently abusing their power surely doesn't define/guarantee the next(Reps?) as being above the same behavior. Only a partisan, or ignoramous could believe that.

Sat, 05/25/2013 - 03:26 | 3598017 Harbanger
Harbanger's picture

The elction was rigged Schmuck.  Stop being so dam politically correct while the statists tranfsorm your country.

Sat, 05/25/2013 - 09:36 | 3598203 SWCroaker
SWCroaker's picture

Schmuck is right.  You accuse him of being PC, but the PC path involves voting for Red or Blue, because your vote "counts".

Well, "not voting", by deliberate action, counts too.  It is the only sane response when presented with a lose-lose choice.   It refuses to legitimize as system that is broken.  The "statists" are in complete control of the system, and picking between their offerings every 4 years *isn't* going to make things better.

Sat, 05/25/2013 - 18:16 | 3598857 F. Bastiat
F. Bastiat's picture

Don't worry, Peter Orszag has a plan to use the power of Obama care to force you to vote, or pay a tax:


Eric Holder's ripped off Orszag's nonsense as well and is running around preaching it as gospel.

Sat, 05/25/2013 - 12:25 | 3598393 F. Bastiat
F. Bastiat's picture

Repealing the 16th Amendment and the 17th amendment provide an avenue to do better by giving the states the place at the table that they were intended to have.

It's not like we haven't been warned that democracies degenerte to tyranny of the majorities determined to plunder.

Republics are the best blueprint for the garden of liberty, but still require pulling out poisonous weeds like the 17th and 16th amendment.

Fri, 05/24/2013 - 23:22 | 3597803 Dr. Engali
Dr. Engali's picture

Delete double post

Fri, 05/24/2013 - 23:21 | 3597804 Dr. Engali
Dr. Engali's picture

There are zero constitutionalist on the republican side either. They like to pretend that they are the defenders of the constitution, but they violate it every opportunity they get. For an example, we have not had a declared war since 1945 yet we have gone to battle and invaded many countries since then. Congress has abrogated it's duties when it comes to controlling the military.

Fri, 05/24/2013 - 23:38 | 3597830 newengland
newengland's picture

General Eisenhower warned about the military-industrial complex.

I would like to remind you that it is a corporatist thing, not the fault of patriots who swear to defend their country.

Rudyard Kipling expressed it best in his poem 'Tommy' which is most apt as we go into Memorial Day.

War ends when people stop voting for it. The widow's uniform is not the soldier man's disgrace.

'...The Widow's Uniform is not the soldier-man's disgrace. 
For it's Tommy this, an' Tommy that, an` Chuck him out, the brute! "
But it's " Saviour of 'is country " when the guns begin to shoot; 
An' it's Tommy this, an' Tommy that, an' anything you please; 
An 'Tommy ain't a bloomin' fool - you bet that Tommy sees!'

Sat, 05/25/2013 - 00:30 | 3597902 oddball
oddball's picture

Knock'em out of the park Dr.

Congress a pit of douchenozzles patting each other on the back congratulating themselves.  Have those fucks read Article 1 Section 8?  

Sat, 05/25/2013 - 03:00 | 3598002 Harbanger
Harbanger's picture

"There are zero constitutionalist on the republican side either."

I thought Ron Paul Ted Cruz, Mike lee, Rand Paul etc. were all on the republican ticket?  What Am I missing Doc? 

"They like to pretend that they are the defenders of the constitution, but they violate it every opportunity they get."

Am I the only asshole who believes the peoplei mentioned want to defend the Constitution?  I don't know sometimes "the opposition" is a fucking circular firing squad and we'll never defeat the statists. 

Sat, 05/25/2013 - 11:38 | 3598330 oddball
oddball's picture

Both parties are captured by the statists.  Why/how do you think Ron Paul was marginalized for 20 years?  So you can name three out of about 600 in D.C., one is retired.  Do the fucking math, the republicans are not going to save this country.  Yes you may be an asshole to put any faith in your elected leaders who follow the constitution when its convenient.  Go play with a fucking ball, when you are finished licking your masters boots. 



Sat, 05/25/2013 - 11:54 | 3598344 Bay of Pigs
Bay of Pigs's picture

He lists Rand Paul who supported the statist warmonger Mitt Romney. LOL...


Sat, 05/25/2013 - 12:24 | 3598391 oddball
oddball's picture

Yeah, good old Rand, has some semblance of his father, "see the rebublicans are statist-lite, there really is a choice." 

Mitt RoNMey?  The statist gun grabber, architect of Obama(don't)Care who really did not want to be President?    

O/T Can some one tell me which is a better beer, Bud or Budlight?




Sat, 05/25/2013 - 12:21 | 3598389 F. Bastiat
F. Bastiat's picture

I'm just not buying your assertion that Rand Paul and Ted Cruz are equivalent to Hussein Obama and Gyorgy Schwartz.


Fri, 05/24/2013 - 22:31 | 3597702 newengland
newengland's picture

The U.S. Communist Party disbanded when its leaders said its agenda had been adopted by the Democrats. It took a little longer for the Repugnants to get with the program: the Trilateral Commission's globalist agenda.

Fri, 05/24/2013 - 22:33 | 3597712 LetThemEatRand
LetThemEatRand's picture

They are both fascists, not communists.  Similar but different in important ways.

Fri, 05/24/2013 - 22:40 | 3597726 newengland
newengland's picture

You are expanding on the point, and I agree that they are fascists.

Globalist was the new brand name...brought to us by the same people who founded socialism, communism, zionism: the international financiers of old Europe and Britain.

New names for old tricks.

Fri, 05/24/2013 - 22:42 | 3597730 LetThemEatRand
LetThemEatRand's picture

Fucking bingo.  These guys want to control the world and the "isms" or "ists" attached to what they are doing don't really matter.

Sat, 05/25/2013 - 12:19 | 3598386 F. Bastiat
F. Bastiat's picture

There's certainly no material difference between the intellectual vanguard of today's democrat faction (Sunstein, Orszag, Gyorgy Schwartz, etc.) and their Bolshevik ancestors.

Fri, 05/24/2013 - 23:18 | 3597792 Schmuck Raker
Schmuck Raker's picture

YOU may be talking about "Obama and the Democrats" but Bazza(forgive, sir B, if I misconstrue your comment) first mentions The Fed, second mentions Wall Street. "The Regime" is a distant third, raised to a "Primary" target by your self.

Fri, 05/24/2013 - 23:11 | 3597785 Schmuck Raker
Schmuck Raker's picture

I don't understand why you would equate "the war on the poor" with "the war on poverty" unless you hope to muddy the discussion.

Sat, 05/25/2013 - 08:08 | 3598127 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

The intl banksters and politicians "love the poor" so much they are trying to make all of us poor!

Fri, 05/24/2013 - 22:03 | 3597643 Yen Cross
Yen Cross's picture

    Jack, has a lot of cleaning up to do for Timmah.

Sat, 05/25/2013 - 05:22 | 3598046 buzzsaw99
Fri, 05/24/2013 - 22:02 | 3597644 max2205
max2205's picture


Fri, 05/24/2013 - 22:04 | 3597648 Cabreado
Cabreado's picture

Investigate the behavior of Congress, as it all hits the fan, which is now.

On the one hand, Congress is complicit, on the other, truthfulness has a way of jumping up when all bets are off...

chaos does provide opportunity for the heretofore "rogue" representatives to speak...

protect and support those who tell the truth, and feed that...

the alternative is an alternative to "congress" and you will not like it at all.

Sat, 05/25/2013 - 12:09 | 3598370 dizzyfingers
dizzyfingers's picture

"the alternative is an alternative to "congress"

I smell martial law in the air.

Sat, 05/25/2013 - 12:18 | 3598384 F. Bastiat
F. Bastiat's picture

For better or worse, Congress is currently the primary buffer against Hussein Obama's marxist delusions.

Fri, 05/24/2013 - 22:12 | 3597662 tsuki
tsuki's picture

I don't believe any of them are concerned about "the poor".  Politics is theater for ugly people.

Fri, 05/24/2013 - 22:28 | 3597693 wisefool
wisefool's picture

Artillery is the only thing that makes war dignified. Unless you write tax code that funds all sorts of wars, including the war on poverty, or the war on the poor as the congressman is pointing out.

During the other hearings, I noticed that the IRS IG had a title of "Hon." on his CSPAN readable placard. The heads of the divisions had Mr. and Ms.

I miss the dignified politics of the Corzine hearings. (sarc)

Fri, 05/24/2013 - 22:27 | 3597689 ILLILLILLI
ILLILLILLI's picture

"Why can't we just killz teh poor...??"


Fri, 05/24/2013 - 22:28 | 3597694 newengland
newengland's picture

You first...

Fri, 05/24/2013 - 22:46 | 3597728 Yen Cross
Yen Cross's picture

 ? > he should reconsider his comment.

Fri, 05/24/2013 - 23:29 | 3597822 ILLILLILLI
ILLILLILLI's picture

Sorry...I inadvertently picked up my bankster hat this AM when I headed out the door.

Fri, 05/24/2013 - 23:44 | 3597844 Yen Cross
Yen Cross's picture

      Gotta be careful these days.  There might be a "meat cleaver" with your name on it.

Fri, 05/24/2013 - 23:44 | 3597846 newengland
newengland's picture

An acceptable riposte ...

Fri, 05/24/2013 - 23:48 | 3597849 Yen Cross
Yen Cross's picture

  Happy Memorial Day, to you newengland       

Sat, 05/25/2013 - 00:11 | 3597881 newengland
newengland's picture

And to you and yours, Yen.  Thank you.

Sat, 05/25/2013 - 00:15 | 3597885 Yen Cross
Yen Cross's picture

  OZ,  has it's can of worms. Thanks N/E

Fri, 05/24/2013 - 22:34 | 3597715 cpzimmon
cpzimmon's picture

Couldn't have said it better myself because I would be cussing at him using some words that wouldn't wouldn't be fit for the ears of the decent.

Fri, 05/24/2013 - 22:43 | 3597732 Seasmoke
Seasmoke's picture

That was a great question !

Fri, 05/24/2013 - 22:44 | 3597736 Judge Crater
Judge Crater's picture

After working a few years at New York University, Jack Lew went off to work at Citibank for a 7 figure salary.  NYU gave Lew $900,000 in severance pay even though Lew quit and was not entitled to any severance pay based on his limited years of employment.  Students graduating from NYU graduate with the highest amount of student debt of any private university, in part because NYU is probably the cheapest Ivy League university when it comes to scholarships and student aid.  The thieves who run NYU are immune from prosecution for abusing their non-profit status.  Just as John Corzine is immune from prosecution for stealing $1.6 billion from MFGlobal clients' segregated accounts.  

Meanwhile, Obummer's henchmen are busy, shutting down the pipeline, killing anyone who knows too much about the Boston Marathon bombing.

Fri, 05/24/2013 - 23:58 | 3597865 Bobportlandor
Bobportlandor's picture

What ever happened to the naked guy?

Sat, 05/25/2013 - 16:41 | 3598731 lotsoffun
lotsoffun's picture

ny jew is NOT an ivy league college.  it's open admissions for anyone that can afford to pay.  let's get that much straight.

Fri, 05/24/2013 - 23:12 | 3597787 Dr. Engali
Dr. Engali's picture

I think that is the first time I've heard Corzine's name come up since he testified before congress. And I never thought I'd hear one of the good old boys club insinuate that he stole it.

Fri, 05/24/2013 - 23:23 | 3597810 Atomizer
Atomizer's picture



War on the Poor = World Bank + IMF + UN+ BIS + Libor Scandal + Clinton National Homeownership Strategy + Alan Greenspan housing bubble + return to your plantation at sun down or be detained by DHS authorities. If you decide to flee unquestioned, we will drone your ass before asking further inquiries.

You’re observing power disintegrate before your eyes. View this in a positive way, not negative. Fear rests within the immense complexity of weakening [War on Terror] itinerary.  

Another person's derivative bet will almost certainly go KaBoom.

Sat, 05/25/2013 - 07:29 | 3598098 css1971
css1971's picture

Not required.

War on the Poor is simply a central bank, saving the day.

Fri, 05/24/2013 - 23:26 | 3597818 q99x2
q99x2's picture

Bravo Steve Pearce

Fri, 05/24/2013 - 23:42 | 3597841 bugs_
bugs_'s picture

war on the poor is now in the lexicon

Sat, 05/25/2013 - 00:13 | 3597847 Yen Cross
Yen Cross's picture

        I stand corrected. The cascade event, will originate from a cross collateralized commodity event, that originated in (Hong Kong).


Sat, 05/25/2013 - 00:09 | 3597878 Theos
Theos's picture

Yeah that was enthusiastic.

Sat, 05/25/2013 - 00:09 | 3597879 SandiaMan
SandiaMan's picture

Sen Udall writes letters to the IRS asking to investigate "social welfare" meaning TEA PARTY. This state is full of Dems and Steve Pearce is the exception. Udall wants our guns and his power needs to be reined in. The only time you will see him (Udall) is when Los Alamos is on fire so he can get a photo op. Our senators are a big problem but we do have a Republican governor.

Sat, 05/25/2013 - 00:47 | 3597916 RobCrash
RobCrash's picture

Jack Lew must share a brain with Barry and Holder.

Sat, 05/25/2013 - 00:50 | 3597923 Jabotinsky_USA
Jabotinsky_USA's picture

This ZH article post is a single handed proof that ZH Ron Paulustians need to get off their asses and vote.  Claiming that both parties are the same is non-sense. Claiming that your votes don't count is another non-sense.  Have you ever worked an election in a precinct? A campaign?   Waiting until everyone in the Republican party is a messiah isn't going to get things moving away from Stalinism.

Sat, 05/25/2013 - 09:55 | 3598215 SWCroaker
SWCroaker's picture

Actually, yes.  Participated in a Republican caucus; got to see how the party machine operates first hand.  By my informal poll, my little group experienced vote fraud, as the final tally reported for us in no way matched the informal count.  Complaints and inquiries were snubbed. 

One article, one speech, one man talking to an empty room, does not conclusive proof make.  I'd offer as a counter the experience of the last 150 years as ample evidence that the system is terminally captured, and will never be successfully changed from within.

Sat, 05/25/2013 - 11:50 | 3598338 oddball
oddball's picture

Caught another one (+1).  This last presidential election should have shook anyone who was awake to their core.  



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