CAN AMERICA RECOVER?...THE TRUTH ABOUT THE STIMULUS PLAN

Washington D.C. The Full Disclosure Network® is releasing a Special Three-part Series featuring H. Andrew Thornburg, Thornburg & Company a corporate turn-around Executive who reveals the truth on the nation’s stimulus plan and whether America can recover. Here is a seven minute video preview of this interview with Thornburg who has an extensive background in Corporate and International finance, Industrial development projects and is a guest lecturer on entrepreneurship at the University of Southern California Marshall School of Business.

Among the issues discussed are:

• Job creation
• Energy crisis
• Cap & Trade
• General Motors Bankruptcy
• Mortgage Crisis
• Union Labor Leadership
• Impact of Health Care Reform
• Leveraged Buy-outs
• Stripping Interest From Principle
• Fannie Mae & Freddie Mac
  Other related videos on the fiscal crisis:
  B. Scott Minerd Guggenheim Partners Discusses American Fiscal Crisis
  California Bankruptcy
  The Ticking Time Bomb: Public Pensions & Bonds

GREED v. POWER: WHAT CAUSED FISCAL CRISIS IN AMERICA

Los Angeles CA. Full Disclosure Network® presents B. Scott Minerd, Chief Investment Officer of Guggenheim Partners provides his insight on many of the critical issues facing America and California in a one hour video interview for cable television conducted by Leslie Dutton.

Guggenheim Partners is a diversified financial services firm with more than $100 billion in assets under supervision. Previously he was a managing director for Morgan Stanley and later Credit Suisse, where he oversaw fixed income credit trading in the United States, Europe and Asia.
In the six segments presented here Mr. Minerd outlines the causes, effects and solutions to the financial crisis that emerged in late 2008 at the end of the Republican Administration of George W. Bush and is now escalating under the Democrat Administration of President Barack Hussein Obama.

Segment #1 Insolvency, Public Indebtedness, Sale of Public Assets (8 min)
Scott Minerd describes government “solvency” and comments on the current threat of state and local “insolvency” and possible solutions. Other issues covered are: Toll Roads, Electorate Ignorance, Education, Lease Backs, Legislative Priorities, Public Unions

Segment #2 Federal Intervention, Regulations, Fees & Taxes (8 min)
Minerd points to where government has re-paid massive debt in the past and offers confidence in the electorate’s backing for such measures, while elected officials appear to be disinterested in supporting the solutions needed to resolve the crisis. Other issues covered here are: Socialism, Free Market Capitalism, Massive Inflation, Fed Policies, Individual Responsibility, Creation of Crisis

Segment #3 Government Subsidies, Accountability, TARP (8 min)
It is impossible to expect that government is capable of providing accountability on the massive TARP programs and “bail-outs” according to Minerd who discusses allocating capital efficiently in a Free Market vs government environment. He maintains that fraudulent behavior should be punished to the extent of the law. Other issues covered: Housing Market Collapse, Victim Mentality, Fraudulent Behavior, Free Market Solutions, Government Subsidies, Unethical Activity

Segment #4 Personal Responsibility & Political Correctness (8 min)
Vote-hungry politicians rush to exploit irresponsible homebuyers with promises of government charity that created exorbitant home prices and homeowners without ability to pay the generous irresponsible lenders. This is a short summary of Scott Minerd’s assessment of the current predicament and collapse of the housing market. Other issues covered: Personal Responsibility, Manipulating the System, Lower Living Standards.

Segment #5 Responsibility, Government vs Private Sectors, False Promises (8 min)
Scott Minerd describes how management failed the American automobile industry and now, elected officials are failing the public employee sector. He predicts a massive crisis at the local level when lifetime health care benefits start to kick in for public employees threatening the solvency of municipalities and school districts. He describes what he says are “easy” solutions to the momentous problems. Other issues covered: Business Exodus, Higher Taxes vs Raise Retirement Age

Segment #6 Solutions: Greed vs. Power, The Decline of America (8 min)
In this final segment Scott Minerd summarizes the long-term crisis facing U.S. cities and schools, where costs will outstrip ability of pay. He points to the cause of the crisis and the role of the Federal Government. Then he predicts what will happen if the policies are allowed to continue without reversal or limitation.

Please let us know what you think about the following questions by posting in the comment section below.

1. Do you think the current economic emergency could result in interventions that could lead to the end our American way of life?


2. Do you think that it is unrestricted Free market Capitalism or Government Policies that are encouraging lenders to make bad loans?

Fiscal Emergency & "The Bondage of Bonds": Exclusive Internet Video Preview (3 min)

Los Angeles, CA The Full Disclosure Network® is releasing a three minute video preview of a special DVD Collection of Videos examining the use of non-voter approved and voter approved government Bonds in California over the last decade. The collection is entitled “The Bondage of Bonds…..The Taxpayers Burden” featuring government officials and experts directly involved in the issuance, expenditure and oversight of billions in government indebtedness . (Watch preview)

STATE OF EMERGENCY: FISCAL CRISIS
The release of this new collection coincides with the announcement on Friday, December 14, 2007 by California Governor Arnold Schwarzenegger that he will declare a “fiscal emergency” in January 2008. In his announcement, Schwartzenneger pointed to a dramatic escalation in the budget deficit (40 % or $14 billion) over previous projections by economists just a few weeks ago. Associated Press reported that state spending has increased by 40% since Schwarznegger took office in 2004. And according to the Reason Foundation and California Debt Advisory Board, bonded indebtedness has dramatically increased over the last decade.

REVEALING HOW STATE & LOCAL GOVERNMENT SPENDS BOND $$ BILLIONS:
Videos on Bond issues in the Full Disclosure® Collection:
* Secret School Bonds Create Billions in Debt
* Mysterious School Financing Revealed
* Budget Buster Bond Defended
* Bond Brokers Bilk Taxpayers for Billions
* News Blackout On School Bond Vote
* Auditors Speak Out on Lack of Prosecution
* Voters Fooled by Bogus Bonds
* Bonds: Government’s Credit Card
Click here to watch 3 min video
Officials and experts appearing in the video collection:
* Senator Don Perata California Senate President Pro-Tem
* David Tokofsky, LAUSD Board Member
* Kathleen Connell, California State Controller (1995-2004)
* Don Mullinax, former Inspector General L.A. Unified School District
* B. Scott Minerd, CEO Guggenheim Partners, Asset Management
* Edwin Meese, III, Former U. S. Attorney General & Chief of Staff Governor Reagan
* Jon Coupal, President Howard Jarvis Taxpayers Association
* James Mc Nulty, Chairman of the Board, Parsons Corporation
* Dr. Adrian Moore, V.P. Research of the Reason Foundation
* Keith Richman, Former, Legislator & Pres. Calif. Foundation for Fiscal Responsibility
* Carl DeMaio, President Performance Institute
* Jerry Thornton, Inspector General Los Angeles Unified School District

Known as “the news behind the news” Full Disclosure Network® cable television programs are featured on 45 cable systems and the Internet since 1992 and produced by host Leslie Dutton and Producer T. J. Johnston. In 2002 the Full Disclosure® special series “L. A.’s War Against Terrorism” was recognized by the Academy of Television Arts & Sciences with a local Emmy Award for public affairs, informational series. Channels and airtimes can be found on the website at http://www.fulldisclosure.net/ . #####