Archive for the ‘Economy’ Category

Nope….no bias here: (h/t Gateway Pundit)

House of Pain: GOP’s Class of ‘94

The sex scandals that have tarnished Sen. John Ensign (R-Nev.) and Gov. Mark Sanford (R-S.C.) don’t appear to have much in common. Yet there is one thread that binds them together: Both Ensign and Sanford were members of the famed Republican House class of 1994, as well as its latest casualties.

As it turns out, the pressures and demands of political life have inflicted devastating damage not only on the Ensign and Sanford families, but on the families of many of the 71 other freshmen who formed the vanguard of the Republican Revolution.

In the 14 years since that star-crossed class arrived in Washington espousing an agenda that placed family values at its core, no less than a dozen of its members have been caught up in affairs, sex scandals or in messy separations and divorces from their spouses that, in more than a few instances, led to their political downfalls.

Only problem with this is the fact that they came into office with the Contract With America as the core of it’s agenda which reads:

Thereafter, within the first 100 days of the 104th Congress, we shall bring to the House Floor the following bills, each to be given full and open debate, each to be given a clear and fair vote and each to be immediately available this day for public inspection and scrutiny.

1. THE FISCAL RESPONSIBILITY ACT: A balanced budget/tax limitation amendment and a legislative line-item veto to restore fiscal responsibility to an out- of-control Congress, requiring them to live under the same budget constraints as families and businesses. (Bill Text) (Description) Read the rest of this entry »

This is, of course, just too delicious. And frankly, I’m going to keep my own comments to a minimum and let the leftists speak for themselves.

By way of seriously left leaning, BDS blogger/journalist, Salon’s Glenn Greenwald, and linked to a post by Jan Hamsher on FireDogLake.

Creepy, revealing quote from White House staffer
by Glenn Greenwald, Salon

Read the rest of this entry »

To The Office Of The President Of The United States,

Dear Mr. Obama

We are the heads of a few of your largest constituents, including Dow, GE and DuPont. This letter represents our sentiments in wishing to express our gratitude for your and Ms. Pelosi’s efforts on our behalf. We thank you, our shareholders thank you, and certainly all of us look forward to contributing to your Presidential Library, once you leave office, if we did not sufficiently contribute already prior to the election.

We can appreciate that neither yourself nor your dear friends in Congress have had time to read the new Bill that opens: “A BILL - To create clean energy jobs, achieve energy independence, reduce global warming pollution and transition to a clean energy economy.” This Bill is very, very, very long and boring. It is also very complex. We conceived it and structured it in such way that the fewer the readers, the less editing would take place. We therefore anticipate that its passage will be swift. The sooner that train leaves the station, the more impossible its progress will be to reverse. It would also not be advantageous if the irrationality, and fear surrounding humanity’s hand in the process of global warming were to subside. Now, is an opportune time to strike.

Attaching the name “Cap and Trade” to this whole business has been a stroke of genius. No one really understands what it all means, and the media believes everything you tell them, so keep plugging it, and keep promoting the “reduction in CO2” stuff. That works really well in LA. Have you seen the air out there? Terrible. Terrible, or “turbull” as Charles Barkley would say. We are all thrilled that you have successfully reconstructed the original intent of CO2 reduction, into an energy consumption reduction program. We knew you could do it. Read the rest of this entry »

The WSJ describes the Franken win perfectly. No need to actually win an election, just find all the fraudulent voters you can::

The unfortunate lesson is that you don’t need to win the vote on Election Day as long as your lawyers are creative enough to have enough new or disqualified ballots counted after the fact.

Mr. Franken trailed Mr. Coleman by 725 votes after the initial count on election night, and 215 after the first canvass. The Democrat’s strategy from the start was to manipulate the recount in a way that would discover votes that could add to his total.

Not a whole lot to be happy about with this win by Franken but at least now they own everything. They have a filibuster proof Senate. Either everything they have whined about for the last eight years gets fixed or they are outright liars. Scott said it best in the comments: Read the rest of this entry »

It’s a game where we all lose!


Photobucket

Full size graphic here.

Our favorite Congressman from MA is back in the news again.

No, there’s not a male escort service operating out of his townhouse this time. That’s so 1989.

Image Source,Photobucket Uploader Firefox Extension

This time, Barney is pushing for, you guessed it, relaxed mortgage standards.

Since that worked out so well for our country the first time, Barney wants an encore:

Rep. Barney Frank says that unless Fannie Mae and Freddie Mac relax their recent tightening of mortgage standards on new condominiums, the economic recovery could be threatened.

That would be the same Barney Frank who famously boasted that the two federal agencies — which lost billions by making improvident loans — were “fundamentally sound financially and [can] withstand . . . disaster scenarios.”

Then came the disasters.

But to Barney Frank, Fannie and Freddie are essentially taxpayer-funded social-service agencies whose mission is to turn all Americans into homeowners — whether or not they can afford it.

Fannie and Freddie recently announced that they would no longer guarantee mortgages on condos where fewer than 70% of the units have been sold; the previous threshold was 51%.

The agencies also said they’d no longer guarantee mortgages in buildings where 15% or more of the owners are behind in their condo dues or where more than 10% of the units are held by a single owner.

And they’ve raised fees on buyers whose down payment is less than the standard 25%.

The tightened standards are intended to limit the exposure of the two agencies — which purchase or guarantee most US mortgages — in buildings with potential financial problems.

Obviously, this means that some condo owners may find it more difficult to sell their units — because buyers will find it more difficult to get mortgages.

Enter Barney Frank — backed by New York’s own Rep. Anthony Weiner, who aspires someday to be mayor.

…snip…

Here we go again.

Frank, it should be noted, declared last fall that “we’ll have to raise taxes, ultimately” to pay for all the increased government benefits he’s also demanded in order to alleviate the crisis his bad advice helped create.

To say that Barney Frank has a bad track record here is putting it mildly.

Problem is, he’s also chairman of the House Financial Services Committee, so his “suggestions” have political muscle behind them.

But following Barney Frank’s advice is a prescription for disaster.

Some people never learn.

The Congressman, and the voters, of MA are prime examples.

You recall that massive new tax passed yesterday? The one where 8 Republicans stabbed their constituents in the heart and voted to pass it……(via Michelle Malkin)

capandtax804

Bono Mack (CA) (202) 225-5330
Castle (DE) (202) 225-4165
Kirk (IL) (202) 225-4385 (And he’s seriously considering running for Senate!)
Lance (NJ) (202) 225-5361
LoBiondo (NJ) (202) 225-6572
McHugh (NY) (202) 225-4611
Reichert (WA) (202) 225-7761
Smith (NJ) (202) 225-3765

You remember now don’t you?

Well, those who voted on it could not remember much seeing as how it DOESN’T EXIST:

Nobody could have read the bill the House passed last night because there is no bill. There apparently wasn’t time to pull together a finished product that accounted for the hundreds of pages of amendments because of Pelosi’s headlong rush to slam this lunacy through before anybody had a chance to learn what was actually in it. So there is no “it” that all the pages and pages of words can be found “in.” Democrats have passed a concept — not a bill.

The Washington Examiner: Read the rest of this entry »

sdfg
I’m not saying the President doesn’t deserve some recreation, but the standard I hold him to is, “What if Bush had done this?”

Similar to President Obama, President Bush took office with a recession leftover from his predecessor (though not as deep a recession). Six months into that recession, President Bush’s tax cuts had almost ended it. Six months into President Obama’s recession, his economic policies have statistically made things worse, and his efforts show absolutely ZERO hint of making things better (per uber-capitalists like Warren Buffet).

In light of all that, I think President Obama’s Luau was not a very tasteful event. His troops are at war. In Iraq-just days before leaving the cities-the enemy is on an offensive. In Afghanistan, the surge of troops has not abated the Taliban offensive. In Pakistan, air strikes against Al Queda are threatening to topple our ally. Tens of millions of Americans are out of work, have BEEN out of work for months, and more are losing their homes (the last I saw only 1 home had been “saved” by his home retention program). Read the rest of this entry »

UPDATE: Glenn Beck interviewed Janet Contreras on his TV show.
For all the doubters out there, yes, she’s “real”.

There is a lady in Arizona who has written a remarkable letter.

She submitted it to the host of a radio and television show.

From there, it has gone viral being shared around water coolers and through e-mail around the country.

Take the time to read the whole thing. You’ll be amazed to find that this lady, a fellow American citizen, has put the thoughts of many, if not all, of us into words.

Feel free to copy it and pass it along to your friends, relatives, and co-workers. E-mail it to everyone in your address book.

In the 1700’s there were pamphleteers. Today we have the Internet.

Read, enjoy, and pass it along.

I’m a home grown American citizen, 53, registered Democrat all my life. Before the last presidential election I registered as a Republican because I no longer felt the Democratic Party represents my views or works to pursue issues important to me. Now I no longer feel the Republican Party represents my views or works to pursue issues important to me. The fact is I no longer feel any political party or representative in Washington represents my views or works to pursue the issues important to me. There must be someone. Please tell me who you are. Please stand up and tell me that you are there and that you’re willing to fight for our Constitution as it was written. Please stand up now. You might ask yourself what my views and issues are that I would horribly feel so disenfranchised by both major political parties. What kind of nut job am I? Will you please tell me?
Read the rest of this entry »

If anyone wants to argue that this President does not have the backing of our MSM they need to look no further then this most unbelievably biased decision by ABC to become the White House advertising company.

On the night of June 24, the media and government become one, when ABC turns its programming over to President Obama and White House officials to push government run health care — a move that has ignited an ethical firestorm!

Highlights on the agenda:

ABCNEWS anchor Charlie Gibson will deliver WORLD NEWS from the Blue Room of the White House.

The network plans a primetime special — ‘Prescription for America’ — originating from the East Room, exclude opposing voices on the debate.

They no longer care about at least pretending to be unbiased, now they are giving Obama and friends the reins to a major media outlet to help achieve a policy position.

This is nothing short of amazing, and on a policy that will cost this country 1.3 trillion dollars AND turn our health care system into a socialist nightmare.

ABC News responds: Read the rest of this entry »

undernew20management20200.jpgIs it still called debate when only one side controls the conversation? That’s the question the 62 million Americans who didn’t vote for Obama are asking themselves.

62 million Americans now have absolutely no voice in the way our country is being governed. No say in the quadrupling of our debt or in the onerous taxes being piled on top of record unemployment. They have no say in the pending trillion dollar health care ‘reform’ or the more costly ‘cap and trade’ legislation steadily making its way through Congress.

With Democrats firmly in control of the White House and the House of Representatives, and most likely the Senate, the left has found no need for bipartisanship. After all, ‘Obama won.’ Case closed.

Should any pesky Republican complain, the voice goes unheard - kinda like a tree falling in a forest. Did it really fall if no one heard it? The right is reduced to pondering questions like these as the left continues implementing radical change at breakneck speed. Changes that affect every segment of our society and every single American. Changes that are being implemented without the requisite ‘national conversation’. Why hold a conversation?

The left is in control and there is no need to consult with the people they were elected to govern. The politicians and the experts know best. And should the GOP try to halt this tsunami of ‘change’, a quick change of the filibuster rule to 51 instead of 60 is put in place. That’ll teach em. Read the rest of this entry »

The Obama administration has been racing to complete a deal with Fiat SpA purchasing Chrysler, and blowing thru bankruptcy court at breakneck speeds.

On May 2nd, I posted the Chicago style strong arm tactics used on some of the secured investors, represented by Bankruptcy Attorney, Tom Lauria of White & Case. Two days later, I was pondering the possibility of political blackmail… and then, 24 hours later, the client being strong armed silenced Lauria in the press.

All seemed to flow along without major headlines until, late last week, Judge Arthur Gonzalez approved the sale of most of Chrysler’s assets to Italian automaker Fiat SpA, leaving 789 Chrysler dealerships with the “Old Chrysler” in bankruptcy, along with unwanted factories. According to the NY judge, a bankrupt manufacturer didn’t need a dealership network.

“Absent a car manufacturing business, the dealerships would not seem to serve any purpose for the debtor,” Gonzalez said, but added there may be a case for the dealers to pursue damages.

huh? Absent “.. a car manufacturing business..”?? Just what is it Fiat is buying, if not a car manufacturing business?

Read the rest of this entry »

I know, another day, another economic photo op and pledge of hopeychangeyness from The One, but really…this one’s gonna make ya laugh (or cry buckets)

WASHINGTON (AP) - Eager to show action on the ailing economy, President Barack Obama promised Monday to speed federal money into hundreds of public works projects this summer, vowing that 600,000 jobs will be created or saved.

Surrounded by his Cabinet, Obama emphasized what has become a dominant issue of public concern—an economy that keeps bleeding jobs—on the day after returning from a week of diplomacy and sightseeing in the Middle East and Europe.

Did you see that? Since President Obama was elected, the US has lost about 600,000 jobs EACH MONTH, and to counter this President Obama is pledging to speed things up with the fake “stimulus spending” so that over 3 months, 600,000 jobs are created. Those jobs will be created at a cost of [DRUM ROLL...] about $1500000000 EACH!!!!!!!! Forget the fact that he’s only gonna create one month’s worth of jobs to counter 9 months of losses, the jobs he DOES create will be uber spending fiascos. No way-NO WAY are the people doing the new National Mall landscaping gonna get $1.5 BILLION each, but that’s what they’ll cost. So…where’s the rest of the money go? Ask ACORN.

In the meantime, remember 2 things:
1) This is happening on Obama’s watch
2) George W Bush never had us in this much of a mess

Andy McCarthy demolished White House Official Austin Goolsbee’s interview this morning:

I caught a panel on which Obama economic advisor Austin Goolsbee conceded that the administration had previously predicted unemployment would top out at around 8%, that it was now up to 9.4%, and that double-digit unemployment was a distinct possibility in the near future. Goolsbee didn’t resort to the administrations’s blather about “saving or creating jobs,” but he did repeat its fustian about how last month’s loss of 345,000 jobs (resulting in a half percentage point jump in the jobless rate) is somehow good news because it beat predictions (I don’t recall him saying whose) of even more dire loss numbers. It made me wonder why, if those predictions either existed or were serious, the Obama administration would have previously predicted that unemployment would top out at 8%?

Goolsbee then laughably intimated that the steep jump in the jobless rate could be attributable to hopeful signs that the economy is improving. Huh? See if you can follow this: he says flashes of hope that we are on the verge of a revival have purportedly caused previously uncounted jobless people to seek (but not find) work — that is, they waited out prosperous times, deciding to leap into the job hunt only when hundreds of thousands of heretofore gainfully employed people got pink-slipped and began competing for a declining pool of jobs.

Goolsbee wasn’t done with his idiocy. He does the typical Obama move….blame Bush:

We are only in this situation because somebody else kicked the can down the road, and that’s really an understatement. They shook up the can, they opened the can, and handed to us in our laps. Senator Shelby knows that to be true. When George Bush put money in to General Motors, almost explicitly with the purpose, how many dollars do they need to stay alive until January 20th, 2009? There was no commitment to restructuring, to making these viable enterprises of any kind.

The Senior White House economic advisor to President George W. Bush, Keith Hennessey, lays out the facts and shows that not only was Goolsbee’s accusations wrong but inflammatory. It’s a long and detailed post and I would recommend you go read it but here’s the summary: Read the rest of this entry »

palin-ny.jpgGov. Sarah Palin recently visited Auburn, New York, to help celebrate the 50th anniversary of Alaska statehood. That city’s Founders Day event honored William Seward who played an important role in the purchase of Alaska while he served as secretary of state.

During her visit she visited different historical and not so historical sites and met the residents of Auburn: (h/t to Conservative 4 Palin)

Bistro One got a very last-minute reservation request Thursday. But this was one they wanted to make room for.

Former vice-presidential candidate and Alaska Gov. Sarah Palin participated in a breakfast event Friday morning at the Auburn restaurant. The event, which was attended by area supporters, kicked off a day of activities for the Republican governor at various local businesses, parks and organizations.

Her tour of the area precedes today’s first-ever Founders Day, which celebrates local history. During the Auburn festival, Palin will take part in a parade, speak at the city hall and attend a fundraiser luncheon at the Seward House.

~~~

One of about 40 in attendance at the breakfast was state Assemblyman Gary Finch. Finch said Palin gave a nonpolitical talk, and she expressed gratitude to the local community for inviting her.

Finch said that Palin, who brought her husband, Todd, daughter, Willow, her sister and nephew along, made sure to speak individually with each person at the event.

“She certainly conveyed to everyone that she is very glad to be here,” said Finch, who will also participate in Saturday’s festivities.

“She was very real, very genuine,” Finch said.

She also visited the Harriet Tubman Home: Read the rest of this entry »