B.O. became president with the help of the complicit media who refused to dig in to his background despite warning lights flashing all over the board. Whether it was his associations with known radicals, mysterious lack of college or law school records and thesis, or various actions and statements (including the infamous "fundamental transformation of America") he has made in his professional life leading up to 2008, Obama had to answer no questions. On rare occasions that he or his campaign were asked about some of the less significant issues, they outright denied the charges which would shine the light on the cockroach that he is. We knew they were lying but the self admittedly 90% progressive media was intent on electing one of their own ideological kind.
Now, we have a video of Bill Ayers surface that proves, once again, that Obama and his entourage are nothing short of the radicals that we know them to be:
Bill Ayers is just one of the many highly disturbing indications from the past of the President. In the overall scheme of things, Ayers, by himself, is really meaningless. However, the totality of the radical personalities and his own comments from the past is a damning indicator of Obama's true ideology. After all, there is truth to the saying "Tell me who your friends are and I will tell you who you are".
Had the media done one tenth of the digging they have on candidates Perry, Cain, or any other conservative, we would at least be calling a RINO our president, and that would still be infinitely better than the hole we have dug for ourselves to climb out of come 2013!
Wednesday, November 30, 2011
Tuesday, November 29, 2011
One Hot Car
Yes, the indisputable verdict is in! Detroit's hottest car is the Chevy Volt. In fact, it is so hot that the darn thing catches on fire!
Now, if this was a Toyota or any other car (with the exception of a Chrysler), the NTSB and every other agency charged with "consumer safety" would be clamoring for a piece of the company but, lest we forget, anything that reflects badly on GM is as an extension a bad reflection on the policies of Obama Administration therefore must be covered up by the bureaucracy as well as the media! So, do not expect investigations to result in massive recalls or anything like that (though with sales figures ranging in low hundreds, that would be the smallest recall in automotive history)!
And yes, the Volt - just like Solyndra and countless other green failures - is a great symbol for this Administration's amply demonstrated incompetence. Now, who would oppose more government spending in their right minds?
Wednesday, November 23, 2011
Another Example of Government Tyranny
A Massachusetts fisherman accidentally caught a giant, 881 pound tuna - worth an estimated $400,000 - while fishing for bottom dwellers with a net. When he got on shore, federal fishery enforcement agents were quick to confiscate his catch because he did not have the proper permit to fish for tuna which requires using a rod and reel.
Isn't it amazing that the same incompetent federal government which cannot keep track of the guns they knowingly sell to Mexican drug lords is so quick and efficient in confiscating an "illegally caught" tuna? Federal tyranny knows no bounds when it comes to cracking down on citizens. Just don't ask them to crack down on illegals or the Occupy movement.
This is no longer the "land of the free".
Isn't it amazing that the same incompetent federal government which cannot keep track of the guns they knowingly sell to Mexican drug lords is so quick and efficient in confiscating an "illegally caught" tuna? Federal tyranny knows no bounds when it comes to cracking down on citizens. Just don't ask them to crack down on illegals or the Occupy movement.
This is no longer the "land of the free".
Friday, November 18, 2011
(Green Energy) Cronyism of Apalling Proportions
In several previous posts, I expounded on the corrupt green energy dealings of this Administration but even at that, little did I realize the significance and level of corruption that permeates this rotten bunch.
Now, I am not going to sit here and pretend that it is only this Administration that is guilty of cronyism. God only knows that Republican establishment type politicians are not exempt from the temptation of cashing in on their power. Obama Administration, however, carries cronyism to new levels that are unheard of in advanced countries.
According to the explosive new book 'Throw Them All Out' by Peter Schweizer, which blows the lid off Washington corruption, green energy cronyism is worse than we know. Schweizer’s research reveals that of the $20.5 billion in the DOE’s 1705 Loan Guarantee Program, $16.4 billion in taxpayer money–roughly 80% of all loans in the program–went to green enterprises “either run by or heavily owned by Obama financial backers–individuals who were either bundlers, members of Obama’s national finance committee or large donors to the Democratic Party.”
The returns on investing in Obama’s 2008 campaign have been incredibly lucrative, according to Schweizer. For every dollar committee members raised, they received $24,783 in return in the form of DOE sweetheart loans, on average.
We also know that at least a third of those loans have (or are in the process of) gone bad, costing the taxpayers billions of dollars.
That is about $50 per household. Yes, in other words, we all are contributing to the Obama re-election fund whether we like it or not since these bundlers are all Obama supporters - just like with non Democrat union members contributing to Democrat party whether they want to or not, thanks to forced union dues.
So, how was such a brazen swindle made possible? Easy. Instead of scientists and other professionals evaluating the worthiness of businesses applying for the loan program, the Administration appointed Steve Spinner who served on the Obama campaign’s National Finance Committee as the “chief strategic operations officer for the DOE’s loan programs. Spinner himself was a top bundler himself. He was joined at DOE by another Obama fundraiser, Sanjay Wagle, and by Democrat donor Jonathan Silver, who would serve as executive director of the program. In other words, a team of foxes were guarding the henhouse in the most transparent Administration in history.
To make matters worse, Government Accountability Office red-flagged this apparent–and historic–pattern of crony capitalism in its March 2011 report, which found that the DOE’s loan and grant programs had doled out federal monies through a process that appeared “arbitrary,” lacked proper documentation, and that “had treated applicants inconsistently in the application review process, favoring some applicants and disadvantaging others.”
In a country governed by laws, media as well as law abiding citizens (including honest politicians) would be calling this a huge scandal. Unfortunately, apparently that does not include us as a nation. We have become a banana republic America, whether we realize it or not.
Now, I am not going to sit here and pretend that it is only this Administration that is guilty of cronyism. God only knows that Republican establishment type politicians are not exempt from the temptation of cashing in on their power. Obama Administration, however, carries cronyism to new levels that are unheard of in advanced countries.
According to the explosive new book 'Throw Them All Out' by Peter Schweizer, which blows the lid off Washington corruption, green energy cronyism is worse than we know. Schweizer’s research reveals that of the $20.5 billion in the DOE’s 1705 Loan Guarantee Program, $16.4 billion in taxpayer money–roughly 80% of all loans in the program–went to green enterprises “either run by or heavily owned by Obama financial backers–individuals who were either bundlers, members of Obama’s national finance committee or large donors to the Democratic Party.”
The returns on investing in Obama’s 2008 campaign have been incredibly lucrative, according to Schweizer. For every dollar committee members raised, they received $24,783 in return in the form of DOE sweetheart loans, on average.
We also know that at least a third of those loans have (or are in the process of) gone bad, costing the taxpayers billions of dollars.
That is about $50 per household. Yes, in other words, we all are contributing to the Obama re-election fund whether we like it or not since these bundlers are all Obama supporters - just like with non Democrat union members contributing to Democrat party whether they want to or not, thanks to forced union dues.
So, how was such a brazen swindle made possible? Easy. Instead of scientists and other professionals evaluating the worthiness of businesses applying for the loan program, the Administration appointed Steve Spinner who served on the Obama campaign’s National Finance Committee as the “chief strategic operations officer for the DOE’s loan programs. Spinner himself was a top bundler himself. He was joined at DOE by another Obama fundraiser, Sanjay Wagle, and by Democrat donor Jonathan Silver, who would serve as executive director of the program. In other words, a team of foxes were guarding the henhouse in the most transparent Administration in history.
To make matters worse, Government Accountability Office red-flagged this apparent–and historic–pattern of crony capitalism in its March 2011 report, which found that the DOE’s loan and grant programs had doled out federal monies through a process that appeared “arbitrary,” lacked proper documentation, and that “had treated applicants inconsistently in the application review process, favoring some applicants and disadvantaging others.”
In a country governed by laws, media as well as law abiding citizens (including honest politicians) would be calling this a huge scandal. Unfortunately, apparently that does not include us as a nation. We have become a banana republic America, whether we realize it or not.
Thursday, November 17, 2011
Union Outrage
Unions are supposedly there to look out for their members' interests. They like to project a humane image - that is until you look deeper in to what they really stand for.
Here is the latest from Detroit. What would you say if you found out someone was taking money - without permission - from medicaid checks meant for disabled children? Well, it's happening to thousands of families all over Michigan right now. This money is being deducted automatically by a state agency and given directly to a union, the Service Employees International Union (SEIU).
Whether they like it or not, these people are classified as state employees because they provide care for their children, who would have otherwise ended up in a nursing home. Each month, they see a portion of their Medicaid checks siphoned off to a union that provides them with no benefits. One couple says they've tried to get out, but to no avail. Here is their sad but typical story:
Everything about labor unions like the SEIU and the AFL/CIO is outrageous in that they are run by avowed Marxists, compel workers to join them if they work in a union shop or in a field that is unionized, and support only Democrats with literally hundreds of millions of dollars in campaign cash regardless of their members' political views and wishes.
Never mind the fact that unions are a relic from the past with no present day use, and that they represent less than 15% of the labor force -- they wield great political power over Democrat Party politics. Passage of Issue 2 in Ohio, which effectively overturned the Kasich bill that limited the collective bargaining powers of State employees, demonstrated what money and organization can accomplish when too many are clueless about the ruthlessness and radicalism of labor unions.
Here is the latest from Detroit. What would you say if you found out someone was taking money - without permission - from medicaid checks meant for disabled children? Well, it's happening to thousands of families all over Michigan right now. This money is being deducted automatically by a state agency and given directly to a union, the Service Employees International Union (SEIU).
Whether they like it or not, these people are classified as state employees because they provide care for their children, who would have otherwise ended up in a nursing home. Each month, they see a portion of their Medicaid checks siphoned off to a union that provides them with no benefits. One couple says they've tried to get out, but to no avail. Here is their sad but typical story:
Everything about labor unions like the SEIU and the AFL/CIO is outrageous in that they are run by avowed Marxists, compel workers to join them if they work in a union shop or in a field that is unionized, and support only Democrats with literally hundreds of millions of dollars in campaign cash regardless of their members' political views and wishes.
Never mind the fact that unions are a relic from the past with no present day use, and that they represent less than 15% of the labor force -- they wield great political power over Democrat Party politics. Passage of Issue 2 in Ohio, which effectively overturned the Kasich bill that limited the collective bargaining powers of State employees, demonstrated what money and organization can accomplish when too many are clueless about the ruthlessness and radicalism of labor unions.
Tuesday, November 15, 2011
Scandal du Jour: Siga
You have got to give it to the Obama Administration; they have the uncanny ability to keep going without skipping a beat regardless of how many scandals rear their ugly heads! (Well, it is not entirely them, of course; it is the media that sees to it that the majority of the public do not become aware of what kind of corruption and thuggery they are dealing with in Washington)
So, what is the scandal of the week, you might wonder?
Now that Fisker, Solyndra, Solexel, Sun Power, Evergreen, Mojave Solar, and god knows how many other scandalous crony relationships costing the taxpayer billions have been mostly swept under the rug, the scandal du jour is Siga.
Yes, another major Obama supporter is sailing in to the sunset with your tax dollars, America.
As the L.A. Times reported:
I just wonder if there is a point where the media (en masse) will not be able to ignore these scandals anymore? I believe that there is as much a chance of that happening as a jackal developing a sense of honor.
So, what is the scandal of the week, you might wonder?
Now that Fisker, Solyndra, Solexel, Sun Power, Evergreen, Mojave Solar, and god knows how many other scandalous crony relationships costing the taxpayer billions have been mostly swept under the rug, the scandal du jour is Siga.
Yes, another major Obama supporter is sailing in to the sunset with your tax dollars, America.
As the L.A. Times reported:
Over the last year, the Obama administration has aggressively pushed a $433-million plan to buy an experimental smallpox drug, despite uncertainty over whether it is needed or will work.That is over $2.8 billion for a non-existent terror threat, which the country has more than enough doses of vaccines to counter. Dr. Thomas M. Mack, an epidemiologist at USC who battled smallpox outbreaks in Pakistan and has advised the Food and Drug Administration on the virus called the plan to stockpile Siga's drug "a waste of time and a waste of money." I call it outright fraud by this Administration.
Senior officials have taken unusual steps to secure the contract for New York-based Siga Technologies Inc., whose controlling shareholder is billionaire Ronald O. Perelman, one of the world’s richest men and a longtime Democratic Party donor. (emphasis mine)
When Siga complained that contracting specialists at the Department of Health and Human Services were resisting the company’s financial demands, senior officials replaced the government’s lead negotiator for the deal, interviews and documents show.
When Siga was in danger of losing its grip on the contract a year ago, the officials blocked other firms from competing.
Siga was awarded the final contract in May through a “sole-source” procurement in which it was the only company asked to submit a proposal. The contract calls for Siga to deliver 1.7 million doses of the drug for the nation’s biodefense stockpile. The price of approximately $255 per dose is well above what the government’s specialists had earlier said was reasonable, according to internal documents and interviews.
I just wonder if there is a point where the media (en masse) will not be able to ignore these scandals anymore? I believe that there is as much a chance of that happening as a jackal developing a sense of honor.
Monday, November 14, 2011
Contrary to America's Traditions?
During the latest Republican presidential debate, Herman Cain and Michele Bachmann said they would reinstate waterboarding as an interrogative technique.
Obama yesterday called waterboarding (which actually causes no physical harm and was always conducted in the presence of a physician) torture and contrary to America's traditions.
So, Mr President, is raining death from the skies, with no regard to who else other than the primary target is killed in the Predator drone strikes, our tradition?
How about turning our back on allies all across the globe, would that one be the "American way"?
Or dismantling the free market capitalist system block by block - now, is that considered to be consistent with our tradition?
Just wondering aloud since no one in the traditional media will!
Obama yesterday called waterboarding (which actually causes no physical harm and was always conducted in the presence of a physician) torture and contrary to America's traditions.
So, Mr President, is raining death from the skies, with no regard to who else other than the primary target is killed in the Predator drone strikes, our tradition?
How about turning our back on allies all across the globe, would that one be the "American way"?
Or dismantling the free market capitalist system block by block - now, is that considered to be consistent with our tradition?
Just wondering aloud since no one in the traditional media will!
Thursday, November 10, 2011
Smart Power: Some Are Apparently Smarter Than Others
Hillary Clinton is fond of saying that this is the era of "smart power" - that under this Administration being a non aggressive approach to national and global security threats around the world. Regimes in countries like Iran and N. Korea live outside the boundaries set by international laws. As such, they are willing to go to any lengths to achieve their fanatical goals. Using smart power, which is the combination of diplomatic, economic, military, political, legal, and cultural tools available, works when dealing with law abiding nations. Otherwise, it is a little like asking a hardened criminal to pretty please not commit any more crimes - unrealistic!
Diplomatic incompetents that they are, this Administration has only been successful in alienating our allies across the globe - from Taiwan to Colombia, with many more in between. One of those nations is Israel - the very country that Iran and every Middle Eastern terrorist outfit have sworn to annihilate.
While the U.S. has been busy using "smart power" around the globe, Iran has come to the doorstep of producing their first nuclear warhead. Coupled with their existing missile technology, Iran is potentially only months away from carrying out their threat. As such, Iran is expecting a preemptive attack from Israel any day now. So, what is Iran doing in part to deal with this threat, you might wonder? Simple. Using "smart diplomacy". They have been actively supporting the Occupy movement since its beginnings to try and turn public opinion against Israel and the U.S.
Hillary Clinton's "smart diplomacy", though involving abandoning our allies, apparently does not include bringing down a terrorist government by supporting its people against it. The whole world watched in 2009 as the Iranian regime crushed the democracy movement in Iran by massacring its citizens on the streets. The mostly youthful protesters waited in vain for support from the U.S. whom they undoubtedly viewed as the leader of the free world.
Contrasting Iranian Support for OWS to Obama Non-Support for Iranian Protesters, it becomes painfully clear who the diplomatic novices are. Lets hope that the price we have to pay for this foolishness is not too steep.
Diplomatic incompetents that they are, this Administration has only been successful in alienating our allies across the globe - from Taiwan to Colombia, with many more in between. One of those nations is Israel - the very country that Iran and every Middle Eastern terrorist outfit have sworn to annihilate.
While the U.S. has been busy using "smart power" around the globe, Iran has come to the doorstep of producing their first nuclear warhead. Coupled with their existing missile technology, Iran is potentially only months away from carrying out their threat. As such, Iran is expecting a preemptive attack from Israel any day now. So, what is Iran doing in part to deal with this threat, you might wonder? Simple. Using "smart diplomacy". They have been actively supporting the Occupy movement since its beginnings to try and turn public opinion against Israel and the U.S.
Hillary Clinton's "smart diplomacy", though involving abandoning our allies, apparently does not include bringing down a terrorist government by supporting its people against it. The whole world watched in 2009 as the Iranian regime crushed the democracy movement in Iran by massacring its citizens on the streets. The mostly youthful protesters waited in vain for support from the U.S. whom they undoubtedly viewed as the leader of the free world.
Contrasting Iranian Support for OWS to Obama Non-Support for Iranian Protesters, it becomes painfully clear who the diplomatic novices are. Lets hope that the price we have to pay for this foolishness is not too steep.
Wednesday, November 9, 2011
Rejection of Issue 2: A Harbinger That Financial Doom is Inevitable
Issue 2, which would have upheld Ohio Senate Bill No.5 and limited the Ohio public sector unions' ability to bargain for their benefits and forced the employees to contribute in to their pensions, got trounced by a margin of 2:1 yesterday.
After a contest that was marred by class war rhetoric and tainted by tens of millions of labor union dollars
(aka taxpayer dollars), which dwarfed the $350,000 spent by individual Ohio residents, the opponents of Governor Kasich sponsored bill succeeded beyond their wildest imaginations.
OWS embracing Marxist union bosses who make salaries in the range of $200,000 to $800,000 parrot the same Obama Administration line that rich ought to pay their fair share so that the little guy can have a better living standard. To them, little does it matter that the rich (as well as the top 20% of earners) account for practically all the individual tax revenues that flow in to the treasury.
The bigger issue here is not the implications of the defeat of Issue 2 in Ohio elections yesterday. I have written off almost all bluest of the blue states already - states like Illinois, NY, NJ, California, and Michigan will never be able to fully reform their pension systems to avert impending financial disaster. With the net migration of taxpayers from those states to lower tax/lesser regulated states, both the revenue and the cost side of the equation are, and will keep on, heading in the wrong direction until those states default.
The bigger issue is what Ohio and other blue states, Greece, Italy, and other socialistic countries that are in financial trouble are indicating about human behavior that will make it impossible to change the direction of the disastrous policies socialism gives birth to. Once people are hooked on the drug called "government dependency", they develop a fatal malady called "entitlement mentality". The symptoms are unwillingness to provide for one's self and rioting if any such nonsense is even suggested. This is a malignant tumor that has 0% survivabilty rate. The only possible course of action is for the patient to die off and new life to rise out of the ashes. This is the inevitable result of socialism, and the voters in Ohio just reaffirmed that "entitlement mentality" also has them hopelessly in its deadly grip.
After a contest that was marred by class war rhetoric and tainted by tens of millions of labor union dollars
(aka taxpayer dollars), which dwarfed the $350,000 spent by individual Ohio residents, the opponents of Governor Kasich sponsored bill succeeded beyond their wildest imaginations.
OWS embracing Marxist union bosses who make salaries in the range of $200,000 to $800,000 parrot the same Obama Administration line that rich ought to pay their fair share so that the little guy can have a better living standard. To them, little does it matter that the rich (as well as the top 20% of earners) account for practically all the individual tax revenues that flow in to the treasury.
The bigger issue here is not the implications of the defeat of Issue 2 in Ohio elections yesterday. I have written off almost all bluest of the blue states already - states like Illinois, NY, NJ, California, and Michigan will never be able to fully reform their pension systems to avert impending financial disaster. With the net migration of taxpayers from those states to lower tax/lesser regulated states, both the revenue and the cost side of the equation are, and will keep on, heading in the wrong direction until those states default.
The bigger issue is what Ohio and other blue states, Greece, Italy, and other socialistic countries that are in financial trouble are indicating about human behavior that will make it impossible to change the direction of the disastrous policies socialism gives birth to. Once people are hooked on the drug called "government dependency", they develop a fatal malady called "entitlement mentality". The symptoms are unwillingness to provide for one's self and rioting if any such nonsense is even suggested. This is a malignant tumor that has 0% survivabilty rate. The only possible course of action is for the patient to die off and new life to rise out of the ashes. This is the inevitable result of socialism, and the voters in Ohio just reaffirmed that "entitlement mentality" also has them hopelessly in its deadly grip.
Friday, November 4, 2011
Where Are They Now?
Remember the days when...................
Under Obama, record number of insurgents are being killed (many along with their families and other collateral damage) thanks to ramped up use of drones. Deaths of U.S. soldiers in Afghanistan is at a record level. Guantanamo is still open. Interrogations at black sites go on as usual. Yet, despite the truly lawless and arguably inhumane actions this Administration has taken, these jokers above have mysteriously disappeared from the streets.
Where are they now? Shouldn't the Occupy protests be adorned with signs equating Obama to Hitler or even worse? Or is all forgiven when a fellow Marxist doubles down on a strategy these people found so despicable? Just wondering.
...all because of Bush administration's efforts to liberate stone age people from oppressive regimes while acting in the name of U.S. national security, holding enemy combatants at Guantanamo Bay, and using 'harsh' interrogation methods like water boarding. My, my; how vicious and barbaric!
Under Obama, record number of insurgents are being killed (many along with their families and other collateral damage) thanks to ramped up use of drones. Deaths of U.S. soldiers in Afghanistan is at a record level. Guantanamo is still open. Interrogations at black sites go on as usual. Yet, despite the truly lawless and arguably inhumane actions this Administration has taken, these jokers above have mysteriously disappeared from the streets.
Where are they now? Shouldn't the Occupy protests be adorned with signs equating Obama to Hitler or even worse? Or is all forgiven when a fellow Marxist doubles down on a strategy these people found so despicable? Just wondering.
Hilarious and Outrageous News Items
As usual, the week was so full of (sad but nevertheless) hilarious and outright outrageous news stories that I cannot convey them all. Here are just a few highlights:
OWS Protesters Turn Down Jobs (Video):
Now that you have probably peed your pants from laughing, here are some outrageous news capsules:
Wisconsin teacher takes 4th graders to union sponsored anti-Walker protest. Yes America, that is what your 10 year olds are learning in our esteemed public schools. Here is the video:
I am sure, let alone being disciplined, the teacher in question will end up being commended by NEA, AFT, and the school board.
EPA chief Lisa Jackson calls Republicans "jack-booted thugs". Yes, you have not read wrong. An Obama administration official, under whom the rule of law has been regularly circumvented and court decisions disregarded, calls Republicans thugs! It is the same person who does not know how much CO2 particles are in the atmosphere but is nevertheless willing to kill businesses and the economy; the same person who is getting ready to implement the EPA dust rule that will start regarding farm dust as pollutant and regulate it at prohibitive costs to our farmers.....
The federal debt jumps $203 billion in October. That is at a record rate of $2.44 trillion on an annual basis. Can you say Greece?
Finally, the efforts to bring down Herman Cain are intensifying. Politico - a left wing outfit co-founded by the Washington Post - has already done over 90 stories on the so-called harassment, while other MSM outlets have been covering what is essentially a "he said, she said" as a scandal that should put Bill Clinton's real scandals with Paula Jones, Jennifer Flowers, etc. to shame. Again, where were all these outlets when candidate Obama was running for the Presidency with enough baggage to fill a freight train?
OWS Protesters Turn Down Jobs (Video):
Now that you have probably peed your pants from laughing, here are some outrageous news capsules:
Wisconsin teacher takes 4th graders to union sponsored anti-Walker protest. Yes America, that is what your 10 year olds are learning in our esteemed public schools. Here is the video:
I am sure, let alone being disciplined, the teacher in question will end up being commended by NEA, AFT, and the school board.
EPA chief Lisa Jackson calls Republicans "jack-booted thugs". Yes, you have not read wrong. An Obama administration official, under whom the rule of law has been regularly circumvented and court decisions disregarded, calls Republicans thugs! It is the same person who does not know how much CO2 particles are in the atmosphere but is nevertheless willing to kill businesses and the economy; the same person who is getting ready to implement the EPA dust rule that will start regarding farm dust as pollutant and regulate it at prohibitive costs to our farmers.....
The federal debt jumps $203 billion in October. That is at a record rate of $2.44 trillion on an annual basis. Can you say Greece?
Finally, the efforts to bring down Herman Cain are intensifying. Politico - a left wing outfit co-founded by the Washington Post - has already done over 90 stories on the so-called harassment, while other MSM outlets have been covering what is essentially a "he said, she said" as a scandal that should put Bill Clinton's real scandals with Paula Jones, Jennifer Flowers, etc. to shame. Again, where were all these outlets when candidate Obama was running for the Presidency with enough baggage to fill a freight train?
Thursday, November 3, 2011
Where Is the Outrage on Fannie and Freddie Bonuses?
Remember the days when the President lectured the banks because of the "obscene" bonuses their executives were receiving after the so-called bail-outs by taxpayer funds?
Leaving aside the fact that it was really the holders of U.S. Treasuries - both foreign and domestic - who funded the nearly $700 billion TARP and not the tax revenues, and that practically all private banks paid the TARP funds they received back with interest, this mightier-than-thou attitude/outrage of the Marxist-in-Chief seems to be quite selective. Other than GM (who "paid off" its TARP funds with more borrowed TARP funds) and AIG, Fannie and Freddie are the only two financial institutions that still owe $170 billion to the Treasury.
Fannie Mae and Freddie Mac, the two GSEs that were responsible for buying the lion share of the mortgages throughout the 2000s, announced recently that they will payout nearly $13 million in bonuses to their top executives. As I mentioned above, unlike the banks, Fannie and Freddie who are recipients of $170 billion in bail-out funds have not paid back 85% of what they borrowed, nor do they have any hopes of doing so in the future! In fact, the U.S. government is likely to continue pouring billions to keep these two government sponsored enterprises from imploding. The eventual cost to the treasury is expected to be around a trillion dollars.
So, I ask, where is the outrage Mr. President? Could it be because these agencies have been scandalously run by Democrats for the past decade as their own piggy banks as well as serving as one of their favorite vehicles of social engineering? Could it be because your party has blocked every effort to reign in the run away GSEs everytime it was tried? Could it be because you and your party were, and are, the top recipients of their campaign contributions? Could it be that you need the financial institutions on your side, supporting you with their contributions now that your election prospects do not look so good anymore?
White House spokesman Jay Carney said yesterday that the President was not - nor should he be - involved with bonuses paid by these entities. You could have fooled me, Mr. Carney! The canary was singing a whole different tune not-so-long ago.
Leaving aside the fact that it was really the holders of U.S. Treasuries - both foreign and domestic - who funded the nearly $700 billion TARP and not the tax revenues, and that practically all private banks paid the TARP funds they received back with interest, this mightier-than-thou attitude/outrage of the Marxist-in-Chief seems to be quite selective. Other than GM (who "paid off" its TARP funds with more borrowed TARP funds) and AIG, Fannie and Freddie are the only two financial institutions that still owe $170 billion to the Treasury.
Fannie Mae and Freddie Mac, the two GSEs that were responsible for buying the lion share of the mortgages throughout the 2000s, announced recently that they will payout nearly $13 million in bonuses to their top executives. As I mentioned above, unlike the banks, Fannie and Freddie who are recipients of $170 billion in bail-out funds have not paid back 85% of what they borrowed, nor do they have any hopes of doing so in the future! In fact, the U.S. government is likely to continue pouring billions to keep these two government sponsored enterprises from imploding. The eventual cost to the treasury is expected to be around a trillion dollars.
So, I ask, where is the outrage Mr. President? Could it be because these agencies have been scandalously run by Democrats for the past decade as their own piggy banks as well as serving as one of their favorite vehicles of social engineering? Could it be because your party has blocked every effort to reign in the run away GSEs everytime it was tried? Could it be because you and your party were, and are, the top recipients of their campaign contributions? Could it be that you need the financial institutions on your side, supporting you with their contributions now that your election prospects do not look so good anymore?
White House spokesman Jay Carney said yesterday that the President was not - nor should he be - involved with bonuses paid by these entities. You could have fooled me, Mr. Carney! The canary was singing a whole different tune not-so-long ago.
Wednesday, November 2, 2011
The Insidious Motive Behind Fast and Furious
I wrote on several occasions about the Fast and Furious scandal that has been unraveling for the past few months. Some (including me) who have been following this scandal closely have concluded that the real motivation behind the operation was to achieve more stringent gun control laws that generally have been eluding progressives for decades now.
Once again, we are being proven correct in our suspicions. As CNS reports, making a case for national gun registration, Sen. Dianne Feinstein (D-Calif.) said “perhaps mistakes were made” in the botched gun-walking program known as Fast and Furious, but she said trying to assign blame misses the larger problem. “This is a deep concern for me. I know others disagree, but we have very lax laws when it comes to guns,” Feinstein, an advocate of gun control, said during Tuesday's hearing of the Senate Judiciary Subcommittee on Crime and Terrorism.
All the lies told by Attorney General Holder and the President are well calculated to mislead the American public. We know that this is an incompetent bunch but, by the same token, we also know of their radical goals which I have chronicled on my blog from early on in this Administration.
As I opined many times before, the progressive movement is insidious in nature. It is well disciplined and patient. They are well aware that their Alinskyite tactics stand much better chance of success than failed direct action strategy Marxism has employed in the past.
After all, it took them over eight decades to (perhaps) irreparably degrade our Constitution and half a century to immerse our school system in cultural Marxism. If anything, progressives know the value of discipline, stealth, and patience when it comes to actuating bloodless coups. It is about time to learn their tactics and turn the tables on them.
Once again, we are being proven correct in our suspicions. As CNS reports, making a case for national gun registration, Sen. Dianne Feinstein (D-Calif.) said “perhaps mistakes were made” in the botched gun-walking program known as Fast and Furious, but she said trying to assign blame misses the larger problem. “This is a deep concern for me. I know others disagree, but we have very lax laws when it comes to guns,” Feinstein, an advocate of gun control, said during Tuesday's hearing of the Senate Judiciary Subcommittee on Crime and Terrorism.
All the lies told by Attorney General Holder and the President are well calculated to mislead the American public. We know that this is an incompetent bunch but, by the same token, we also know of their radical goals which I have chronicled on my blog from early on in this Administration.
As I opined many times before, the progressive movement is insidious in nature. It is well disciplined and patient. They are well aware that their Alinskyite tactics stand much better chance of success than failed direct action strategy Marxism has employed in the past.
After all, it took them over eight decades to (perhaps) irreparably degrade our Constitution and half a century to immerse our school system in cultural Marxism. If anything, progressives know the value of discipline, stealth, and patience when it comes to actuating bloodless coups. It is about time to learn their tactics and turn the tables on them.
It's Been Three Years.....
.....and we will not be holding our breath!
Now, why can't the RNC run these ads nationally? Not enough money? Too early? It is never too early to wake the masses up.
Were they more strategic in their approach to dealing with progressives, more people might be inclined to support them with their donations!
Now, why can't the RNC run these ads nationally? Not enough money? Too early? It is never too early to wake the masses up.
Were they more strategic in their approach to dealing with progressives, more people might be inclined to support them with their donations!
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