Showing posts with label accounting. Show all posts
Showing posts with label accounting. Show all posts

Wednesday, July 28, 2010

Sadly, the Bush Legacy lives on...BP, Pentagon-gate, overpaid corrupt officials

Just from a few items reported in the LA Times today...it appears that the Bush Legacy just keeps on giving:

1. PENTAGON ACCOUNTING. The Defense Department has never accounted for billions of dollars given to and entrusted to it. The Special Inspector General for Iraq Reconstruction was created in 2004 to oversee $53 billion appropriated by Congress for reconstruction. For the most part, there are no records, and billions have not been accounted for at all.

2. CITY OF BELL. The Mayor, Manager, and Council of a charter city were exposed for giving themselves high salaries and benefits, while cutting back services and depleting municipal resources to do it: $787,637 to Robert Rizzo as City Manager, $457,000 to Randy Adams as Police Chief, etc. Documents show that the employment records go back to 2003 when the wholesale looting began.

3. BLAGOJEVICH. The trial of this former Governor of Illinois is concluding. Among other evidence was the $12,000/month income for his wife who performed no services and had no qualifications for a real estate firm, Rezko.

4. WIKILEAKS re Afghanistan War. New documents have been outed from the secrecy under which they had been wrapped which "offer insight primarily into the war-fighting of the recently departed George W. Bush administration". [A10] The document reveal the deliberate killing of two Reuters journalists in July 2007 , and the absence of any leadership from the Bush administration. Any. Basically the documents reveal the fact that what administrative officials were telling us was pure fabrication. The troops on the ground were not trained for what conditions they found, and the mission was compromised from the beginning.

5. LEVERAGED BUYOUT OF TRIBUNE. The court-appointed examiner in the Chicago Tribune's bankruptcy determined that the 2007 leveraged buy-out was marred by the "dishonesty" of its senior management--to the extent that the $8.2 billion transaction was a fraudulent conveyance [AA2].

UPDATES:

6. ARLINGTON CEMETERY. During the 8 years of Bush appointees "taking charge" of the government which they openly despised, the displacement of remains and records at Arlington occurred. Over 6000 are in disarray. No one is being held accountable, but even worse, it is astonishing to see that the appointees who were paid to be responsible have such little honor that they do not step forward, take responsibility, and devote themselves to correction of this sad state.

7. SPILLED OIL. Not just the spill in the Gulf, but simultaneously, there have been spills in Alaska, and even in the Great Lakes region. The scale of this depredation is significant, but it pales in significance to the scale of the ignorance, incompetence, and mindless denials of the Bush-Cheney-Rowe appointees and the Limbaugh-Breitbart-Fox network of idiologues who continue to rant with such indifference to science, honor, responsibility, and recovery.


Once the Government is dismantled and its positions filled with blind idiots, the predators come out of the bushes and actively destroy what is left. The destruction is far worse than mere entropic neglect -- it is pillage driven by the open invitation for spoil. After 8 years of irresponsible authorities, society now pays the price.

Sunday, September 07, 2008

Bush Legacy - it's time to Account

The key to responsibility is accountability: Tell us what you did. Any Public Authority which refuses to disclose the actions it took in the name of the public, should be prosecuted; the act of withholding evidence or failing to disclose is a breach of the Public Office.

Will the Bush-Cheney-Rove cadre give a full account?

According to the economic reports coming in from the "Executive Departments" of the US government, ALL of which are headed by Bush Appointees, here is a partial report:

DEBT. From the record-breaking income and retention surpluses at the end of the Clinton Administration, we now have an unprecedented National Debt; it is so large, the Government economists have not been able to project it even within 100 billion dollars. Once the actual expenditures and contracts are included, the debt will be in the Trillions.

JOBS. At the end of the Clinton era, over 22 million jobs had been created. At the end of this Bush era, we find fewer than 5 million.

INCOMES. At the end of the Clinton era, family incomes increased by more than $7,500. At this point, the family incomes of families with an employed spouse (not including the newly-de-jobbed) have declined by more than $2500.

POVERTY. At the end of the Clinton era, almost 8 million Americans moved out of subsistence poverty. Today, more than 5.6 million Americans have moved INTO poverty. In an apparent effort to disguise this wholesale drop, the "poverty" standard was lowered and re-defined by the ideological appointees.

FOREIGN AFFAIRS. At the end of the Clinton era, Americans were personally admired and America was revered as an example. At the end of the Bush era, we find Americans are derided, and the Nation is not even feared as a world power.

I have taken the statistics cited above from this administration's numbers. The "account" remains incomplete, and unreliable, but is already DAMNING. Fellow citizens and Believers, this picture will only get worse as more numbers and more efforts to distort the numbers, are revealed.