Coweta County Tea Party Patriots - 1 year and going strong

Most grassroots efforts in any community start with a bang and quickly fizzle within weeks or months. But such is not the fate of the Coweta Tea Party Patriots. The organization is well past its first anniversary and is only showing signs of increasing its numbers.

“We’re not a huge group, but the group of people we have are very engaged and so many of them want to work for this effort,” said local organizer Wendy Bloedt. “We have a core group of 30-40 people and a larger group of more than 60 who attend our meetings.”

Those volunteers also worked at the Tax Day Tea Party rally held April 15 in Newnan.

“Some of our group that worked the rally called us afterward, thanking us for getting them involved,” said organizer Denise Ognio.

But both Ognio and Bloedt noted that becoming “involved” in matters affecting people’s lives is akin to being awakened from a type of slumber in which one trusts without question everything the federal government and party leaders say.

“The moment I woke up was when (former Treasury Secretary) Hank Paulson walked out on the steps (to announce the TARP bailout). In the times of the Patriot Act (in 2001) I trusted my government. That was my fault,” Bloedt said.

For Ognio, her awakening was more incremental and spanned more than a decade.

“I woke up from the little things that happened along the way; things like what Clinton got away with and the lack of respect for morals on the part of a President and Congress. Am I the only one who thinks about moral behavior on the part of our leaders?” said Ognio. “More recently, I responded to a (2009) letter to the editor in The Citizen that had been written by (Fayette County Tea party organizer) Cindy Fallon asking for help. So I called her.”

“I believe everybody in this movement had a wake-up moment when they realized they weren’t the only one thinking that something was wrong,” Bloedt responded.

The women said the Coweta Tea Party picked up more interest from the local community during and after the April 15 rally. That local interest is important, they said, because local groups are made up of regular people that live in the community, people that are seeing over the months and years that much of what comes out of Washington cannot necessarily be believed. That reality, they said, puts the responsibility for demanding action from national leaders squarely on the backs of ordinary citizens. And that is what the Tea Party is all about, they insisted.

The Coweta County Tea Party Patriots meet the second Tuesday of the month at 6:30 p.m. at the Odyssey Charter School in Newnan.

For more information contact Wendy Bloedt at 678-898-0257 or Denise Ognio at 404-597-3673.

Chris P. Bacon
Chris P. Bacon's picture
Offline
Joined: 02/28/2010
The TARP revisited...
Ben Nelms wrote:

But both Ognio and Bloedt noted that becoming “involved” in matters affecting people’s lives is akin to being awakened from a type of slumber in which one trusts without question everything the federal government and party leaders say.

“The moment I woke up was when (former Treasury Secretary) Hank Paulson walked out on the steps (to announce the TARP bailout). In the times of the Patriot Act (in 2001) I trusted my government. That was my fault,” Wendy Bloedt said.

Revenge is a dish best served cold.

Now that the results are in, we can see the final results of the so-called TARP bailout": Not only did the program do exactly what it was supposed to do (improve liquidity in a frozen financial market), but it actually MADE MONEY for the government, which is being repaid every last dime of its TARP expenditure WITH INTEREST. Not only that, but it's being hailed..by the Brookings Institution, no less!... as one of the most successful government programs EVER .

I wonder if Tea Partisan Wendy Bloedt will admit that, in this instance, the government was right and she was mistaken?

Evil Elvis
Evil Elvis's picture
Offline
Joined: 04/19/2008
Sounds Convincing, Chris. Just One Problem With Your Thinking .
Chris P. Bacon wrote:

Now that the results are in, we can see the final results of the so-called TARP bailout": Not only did the program do exactly what it was supposed to do (improve liquidity in a frozen financial market), but it actually MADE MONEY for the government, which is being repaid every last dime of its TARP expenditure WITH INTEREST. Not only that, but it's being hailed..by the Brookings Institution, no less!... as one of the most successful government programs EVER .

I wonder if Tea Partisan Wendy Bloedt will admit that, in this instance, the government was right and she was mistaken?

Chris, have you bothered to read Neil Barofsky's quarterly TARP reports? If so, I'm sure you're aware that the Special Inspector General for the Troubled Asset Relief Program (Barofksy) puts the total liabilities of TARP around 27 T. Remember, it revolves much like a credit card. How, exactly, has it turned a profit? How can money given at 0% make money? Was the profit made in the form of a tip?

Corporations, flush with cash, are now buying back their own stock while the very assets that contributed to the original crisis remain at risk. Rather than seeing a successful government program, we witnessed the single greatest swindle in human history. And now, with up to 27 trillion in tax dollars covering liabilities, banks are reclaiming their stock AND the real property. In the end, they get it all. Nice, eh?

Read the Special Inspector General for the Troubled Asset Relief Program's quarterly report, would ya?

Chris P. Bacon
Chris P. Bacon's picture
Offline
Joined: 02/28/2010
0% interest, eh?
Evil Elvis wrote:

Chris, have you bothered to read Neil Barofsky's quarterly TARP reports? If so, I'm sure you're aware that the Special Inspector General for the Troubled Asset Relief Program (Barofksy) puts the total liabilities of TARP around 27 T. Remember, it revolves much like a credit card. How, exactly, has it turned a profit? How can money given at 0% make money? Was the profit made in the form of a tip?

Corporations, flush with cash, are now buying back their own stock while the very assets that contributed to the original crisis remain at risk. Rather than seeing a successful government program, we witnessed the single greatest swindle in human history. And now, with up to 27 trillion in tax dollars covering liabilities, banks are reclaiming their stock AND the real property. In the end, they get it all. Nice, eh?

Read the Special Inspector General for the Troubled Asset Relief Program's quarterly report, would ya?

The last published Barofsky report was for last quarter. The current one is due any day now, and details have been selectively leaked to the media, most noticeably Fox News, which is where I presume you are receiving your talking points.

Your conjecture that the government loaned out money at "0% interest" is laughable. The government took preferred stock paying a 5% dividend as collateral from financial institutions. That's essentially the same thing as 5% interest, even more when you factor in stock appreciation.

The government loaned money to GM at 7% interest. Your friends at Fox are now squealing that GM "deliberately" repaid the 7% TARP loan early so that they could negotiate a 5% capital improvement loan from the the government. I won't debate the merits of this swap, but nevertheless GM DID repay the government.

The government is also sitting on unrealized capital gains by virtue of all the stock they bought at severely depressed prices during the waning days of the Bush administration. Now that these shares have recovered to something approaching historical P/E ratios, the government is planning on selling these shares.

Finally, your claim about 27 trillion dollars in TARP liabilities is simply ludicrous.

Thanks for playing!

Recent Comments