March 31, 2009
However afterwards, fatigue seems to slowly set in and perhaps a bit of crankiness.
This is good.
Succinct Synopsis - alternate version:
This may be too little, too late.
March 30, 2009
So far, it still looks dicey, despite the last few weeks. Not only for the markets, but for freedom.
What this amounts to is one dangerous precedent for America. The United States is supposed to be a democracy. It is supposed to be a free market-based system. It is beelining away from that very, very quickly - on both counts. The government should not be dictating operating conditions to companies. That's called fascism.
Wikipedia contains the following definition of fascism;
Fascism is a radical, authoritarian nationalist ideology that aims to create a
single-party state with a government led by a dictator who seeks national unity
and development by requiring individuals to subordinate self-interest to the
collective interest of the nation or race. Fascist movements promote violence
between nations, political factions, and races as part of a social Darwinist and
militarist stance that views violence between these groups as a natural and
positive part of evolution.
He may eschew the violent portion of this definition but certainly the ACORNs of the world prove there's an adherence to the class warfare side of the definition as well. Socialist goals, fascist methodologies. Sounds like some bad egg historical figure.
The government does not own GM (not yet anyway), the provided bailout money to GM. They have a right to tie conditions to the bailout money as far as things like re-payment schedules, and changing the conditions to the current environment that led to the problem. Doing that as part of the conditions to the opening of purse strings, is reasonable. So is the company choosing to forgo the bailout money. And so is the company being left to it's own devices to meet the agreed upon conditions.
Otherwise the government is by proxy, assuming ownership of a private company. Do I think the US government can run an automobile company better than the private sector? Of course not - they couldn't run a lemonade stand as well as a village idiot.
The point is that this is meddlesome, it is autocratic and it treads on ground that is anathema to free markets, individualism and freedom itself. Some may feel that Wagoner was not the right man for the job. Some may feel that the conditions imposed for further bailout money are justifiably harsh and Wagoner is paying the price because he wasn't strict enough. Regardless, would you want the government coming into your business and telling you to resign? Or into your place of work and telling them to fire you?
It's just not right. What's worse, is it's going unopposed. Which brings us to dangerous precedent number two. Why did Wagoner acquiesce?
GM would have been denied bailout money. And they would have had to file for bankruptcy protection and then the union would be forced to capitulate on it's positions. And that flies in the face of the Obama constituency. Then you would have seen the Obama administration either really ramp up it's bullying or else, more likely capitulate themselves.
They have already deemed GM too important to fail. And then they tried to blackmail the CEO into quitting for pure political reasons they would have had to back down and paid GM anyway.
It's a messed up situation no matter how it played out, but by standing firm, Wagoner could have exposed the administration for what it really is - bullies and/or acting without thinking and not really in control of that which they claim to be in control. That would have been a news day worth seeing.
The Obama administration asked Rick Wagoner, the chairman and CEO of General
Motors, to step down and he agreed, a White House official said.
This is not America.
True, Wagoner left a lot to be desired. But the government should NEVER be in the business of telling companies who to hire and fire. That decision belongs in the hands of the shareholders. Just as the shares do not belong in the hands of the government.
Obama can claim he is simply following Paulson's lead where Paulson had asked for the head of AIG CEO Robert Willumstad as part of that bailout. But if Paulson had decided to jump off a bridge... In a sense that is exactly what is happening here - they've decided to jump of the bridge of capitalism into the frozen waters of socialism.
Yesterday, I called it bizarre. Today, I'm calling it frightening.
March 29, 2009
Think back to the late 1970's and imagine telling people that the United States in 30 years would be considering nationalizing the banks, and potentially the insurance industry and a myriad of other industries. And in the process telling industries it does not nationalize how much it can pay it's employees. Bizarre.
Imagine telling people that the United States would have a multi-trillion dollar deficit and would be nationalizing the health care system, making it difficult to vote against unionization (card check), getting ready to negotiate with Iran, blaming Americans for gang violence in Mexico, and even seriously debating amnesty for millions of illegal immigrants. Bizarre.
And to make the situation even more strange, the Labor leader prime minister of Great Britain is arguing for worldwide tax cuts, and the conservative chancellor of Germany says no because she's against increased deficits. The Czech leader of the European Union is saying that the American President's stimulus efforts are too socialistic. Russia and China are arguing to replace the American dollar as the standard currency reserve for the world and the Chinese are admonishing America for spending too much. How Bizarre? How Bizarre?
A cyber spy network operated from China hacked into classified documents on government and private computers in 103 countries, internet researchers have
The spy system, which investigators dubbed GhostNet, compromised 1,295 machines at Nato and in foreign affairs ministries, embassies, banks and news organisations across the world, as well as computers used by the Dalai Lama and Tibetan exiles.
The work of Information Warfare Monitor (IWM) investigators focused initially on allegations of Chinese cyber espionage against the Tibetan exile community but led to a much wider network of compromised machines.
IWM said that, while its analysis pointed to China as the main source of the network, it had not been able conclusively to identify the hackers. The IWM is composed of researchers from an Ottawa-based think tank, SecDev Group, and the University of Toronto's Munk Centre for International Studies.
"Almost certainly, documents are being removed without the targets’ knowledge,
keystrokes logged, web cameras are being silently triggered, and audio inputs surreptitiously activated."
March 28, 2009
There is no global warming as it's being told to you. There is climate change, but it's happened for millions of years and our footprint as a species is infinitesimal, you self-important fools. The earth is not in crisis.
PS - Notice how Al Gore and Al Qaida both start with Al? Coincidence???
The officers slain by the thug Lovelle Mixon are true heroes for having put themselves in the line of fire every day.
The funeral service for Sgts. Mark Dunakin, 40, of Tracy, Erv Romans, 43, of Danville, Daniel Sakai, 35, of Castro Valley, and motorcycle Officer John Hege, 41, of Concord, was attended by the state's highest elected officials and at least 10,000 police officers, and came at the end of perhaps the saddest week in Oakland Police Department history.
It's as wonderful to see the local, statewide and national support for these men as it was revolting to see people out protesting the Oakland PD in support(?) of Mixon.
Fear monger! He's using a non-threat to justify this hostile foreign activity.
He said the U.S. military in Afghanistan would shift the emphasis of its mission to training and expanding the Afghan army so that it could take the lead in counter-insurgency operations and allow U.S. troops to eventually return home.
Well that could take years! Where's the exit strategy? This is Iraq all over again!
Obama said his new strategy had a "clear and focused goal" -- to disrupt, dismantle and eventually defeat al Qaeda in Pakistan and Afghanistan.
Oh, that is so different than what President Bush wanted to do in Iraq and Afghanistan. Clearly he has a better plan.
"To me it looks like very much the Bush strategy for Iraq in 2006, which focused on kinetic operations to try to kill or capture al Qaeda and handing responsibility to Iraqi security forces, and that ended up with a fiasco," said Christopher Schnaubelt, an analyst at NATO Defense College in Rome.
"It's going to take a lot longer to train up the Afghan army and police than the administration would recognize. They are already having trouble getting volunteers now. How they get new recruits, I don't think they've figured out yet."
Obama set no timetable for the strategy, but he said the United States would not "blindly stay the course" and would set benchmarks for the Afghan government to crack down on corruption and ensure it used foreign aid to help its people.
It will take decades. He has no timetable for defeat, er, withdrawal! This is no different than President Bush!
While I agree with a surge in Afghanistan, thereby having to grudgingly put one solitary check mark in the O column, it still stands against about 60 x's in the bad idea column for him. And I am tickled pink that those on the left who assailed the Bush efforts are now seeing the same strategies being put in play by their own hero, President Obama. It must be driving them crazy.
And then there's Code Pink. Oh, wait, they're too busy condemning Israel to bother with Obama, whom they must still ADORE. I guess, given that he's going to solve every ill in the world, Code Pink has had to go look elsewhere for it's villains;
That is, when they aren't calling the US Marines war criminals. Truly heinous, ladies, you should be ashamed of yourselves. If you stuck to your original principles you'd have the stones to treat President Obama with the same disrespect and contempt you showed President Bush.
As much as Cindy Sheehan is a tool, at least she is standing by her principles - the rest of you on the left, for refusing to condemn the actions you so virulently condemned mere months ago, are hypocrites. You are so blinded by partisanship you cannot see the truth for what it is: A WAR ON TERROR. Not an Overseas Contingency Operation. Don't be obtuse. And either Bush was right, or Obama is now wrong. You can't have it both ways.
At the risk of sounding like a social fossil, my point is that today's music is predominantly inferior to that of yesteryear. Most of it sucks. Not because it is a different style from the 1970's or 1990's or whenever.
March 27, 2009
A U.N. panel of economists is attempting to steer the world away from using the American dollar and towards a global currency reserve. The plan is supposedly designed to help jump start the economies of prosperous nations and prevent future global economic crises. Fools.
March 26, 2009
Wow, I wasn't expecting this - I would have prepared a speech or at least a few more interesting posts that I'd been working on.
I'd like to thank the Academy for giving us loads of liberal Hollywood types to goof on. I'd like to thank the Obama administration for goofing up everything they touch and again, giving conservative bloggers a boat load of material to work with.
Seriously though, thanks to John Hawkins for putting my site as site of the day on Conservative Grapevine. You'll notice on the blog roll on the left, that Right Wing News is something I consider essential reading.
Oh, and Obama is lying to you, Global Warming is a sham, and he is less than 3 degrees of separation from Saul Alinsky (the communist) and DON'T FALL for nationalized health care - it sucks!!!!
The challenge was to successfully run/walk all the way across a pond via a bunch of stones, some of which floated when you stepped on them and some that would sink.
There's a parallel with the Obama administration in that it seems like a lot of people in the administration are sinking under the weight of their responsibilities. Not to mention the rating of the job they are doing as far as the secondary interpretation of sinkers and floaters goes. With respect to the latter, I'm not sure there are any floaters at this point aside from Obama's approval rating still being above the water mark.
In terms of sinking and floating, here's a partial breakdown so far.
John Deutch (somebody who has to get sunk)
H. Rodgin Cohen
Judd Gregg (although a floater as far as the GOP is concerned)
Hilda Solis (although she apparently floated back up from the bottom - who knew?)
Jon Cannon (NEW)
The remaining unappointed Treasury positions
Floaters (*including those in the process of sinking):
Barack Obama (*)
Joe Biden (always sinking but floating back up)
Tim Geithner (*)
Robert Gibbs (*)
Janet Napolitano (*)
Leon Panetta (should have sank)
Quite the track record; it sort of makes you wish it really were a Japanese game show.
True, the bailouts are spreading the pain from those stupid enough to make bad decisions to the taxpayers as a whole. Bankruptcy would allow the taxpayers to escape the financial impact because only those invested in the specific at risk institution(s) would be impacted. However, looking at it from a personnel perspective, the result may end up being the same as a bankruptcy.
In the case of a bankruptcy the 'brain trust' of the banking institutions would be out of work. In the case of the bailouts, you'd assume the same people would still be working. However, given that the claw back of 90% of the agreed upon bonuses is occurring, many of these people while not yet out of work, are most likely looking for alternative work. And by alternative, I mean outside of the financial services industry, which apparently is subject to imperial whim at this point.
So the net effect of either approach is that there will likely be a talent drain away from the financial services sector, given that at least some of the talent has skills transferable across other industries (project management, mergers, acquisitions, legal, marketing are some examples).
This may be a good thing for the economy. If the true talent shoe horns it's way into manufacturing or technology industries, then that can only be a boon to those industries, and potentially for American manufacturing. There's no guarantee of that happening of course. But while the financial sector is key to a prosperous economy, manufacturing is still arguably the backbone of any nation.
On the other hand, it may speed the nationalization of the banking industry. This would definitely start a downward spiral of American economic power, and start the thought process of "what else can we nationalize?" Both of those things are bad, and both can be brought on by the same symptom - exodus of talent from the industry.
Conversely perhaps Democrats believe that these people are trapped - their skills are too specific to change industries and they are too American to go work in Hong Kong or London. If that's the case their cynicism and antipathy towards those affected is pretty harsh.
Overall, losing executive talent in the financial industry nets out as a bad thing. While creating a climate where executive resources are self-diverted to manufacturing, creating American jobs in the process would be a good thing, it's not being done that way, and there are just too many down sides to letting or causing it to happen.
Dick Morris was on Sean Hannity's show this week arguing that the Obama administration, by offering a hand to the industry and then using the same hand to slap the people in the industry, is complicit in trying to drive the failure of the banking industry precisely so that it can be socialized. At first I thought Dick Morris was being over the top to help flog his latest book, but on reflection, there may be some truisms in his points.
March 25, 2009
If ever there was a lack of understanding of capitalism it's this wagon wheel. Mike - buy a vowel; the hippies all died off or went to live in caves. The modern day socialist kook not yet in the Obama administration has no place in society. Buh bye.
That someone can get on the radio and spout this garbage, while sickening, should steel your conservative resolve that 2010 is a must in for conservatives. Progressives believe that socialism is the end-point for the Obama administration.
Some of the take-aways from this; CNN clearly has no liberal slant and has done due diligence in hiring this avowed socialist/Marxist *sarcasm*. Obama is steering us towards socialism if the socialists are to be believed (or, he's hoodwinked them too), and vitriol on the left is alive and well.
Oh, and capitalism is not dead you idiot.
A couple of other quick footnotes about Malloy;
-he worked at CNN as a news writer from 1984 to 1987 and was on CNN's Talkback Live
-he's an avowed atheist
-let go from WSB in Atlanta, left WLS in Chicago, fired by Air America before it went bankrupt
-his "show" is currently clinging to self-syndication life support.
Here's one alternative;
Not Republican, but yet another;
Even John McCain got into the act;
This is something that involves taking control of the media over time so that you have the biggest and most megaphones to blast your message over top of, and eventually to the exclusion of a conservative counterpart. It involves taking over the educational institutions so that you can teach the young your doctrines. It involves implementing things like Card Check, and the Fairness Doctrine and naturalizing illegal immigrants. These are big things but they are developed and achieved over time, in small incremental steps. For example, the current spate of everything on the table - Fairness, Card Check, Health Care, etc. represents an all topics approach to the achieving of a socialist agenda. But is it really, what the Obama administration is going after?
First Rahm's take on how to advance the 'cause';
and Obama's take;
Do they expect to win every battle because of the crisis situation? Probably not, but if they put 7 agenda items on the table and 6 of them fail, they still get one victory. It's a creep further down the path towards socialism. Republicans can claim 6 of 7 victories in defeating the other ideas, but at the end of the score sheet, there's 0 steps towards free market capitalism and individual liberty and 1 step towards something more socialist. I'm not sure how you keep score, but in my books those 6 victories amount to a loss.
Many conservatives, especially when it comes to voting, tend to swing for the fences. If it's not a home run, then I'm not interested. You saw that in a depressed turnout for John McCain in 2008. Yes, he didn't hold enough conservative values to energize conservatives, consequently he had no chance of winning. Granted at best he would have been a mediocre President from a conservative viewpoint, but did anyone really want the alternative they got?
The point is the return towards conservatism in the United States will be a slow road. The gains made between 1994 and 2004 were unfortunately wasted. President Bush swung for the fences on Social Security reform, and struck out. Conservatives abandoned their principles in favor of pork and re-election. Things, just went awry.
People on the right though often expect that instant success when in reality, smaller gains are probably the better way to go. That is not to suggest abandoning our principles to achieve power. Far from it. Abandoning the principles is the last thing conservatives need to do. They represent the ideals we need to work towards.
However, we need to look at making gains where we can, and take the long view. The goal is conservatism, but the path there is made up of base hit singles, not home runs. Supreme Court Chief Justice Roberts and Justice Alito were singles. As conservatives we should be aware that pitching and fundamentals win ball games, not flash, not long balls.
There are things working in favor of conservatives in this regard, we do tend to play well on defense. If we can prevent 6 of the 7 (that's a made up number by the way, it's probably 67 items on the Obama wish list) things from happening, we can always make up that deficit in our half of the inning (come 2012).
And an even bigger factor in our favor is that, despite the potential slow march approach socialist often take, President Obama may in fact be swinging for the fences himself (instead of taking the slow creep approach), and in that case, the possibility of a strikeout is very, very real. And even if he's trying to propose 6 things so he can get 1 through, we can still work towards winning things back starting in 2010. I for one am not one to believe that once a program is put in place it irrefutably cannot be undone. True, it ain't easy, but let's just look at it in terms of baby steps.
Finally, I apologize for mixing in a baseball metaphor with a creeping doom of socialism metaphor. That's what happens when you blog in stream-of-consciousness mode.
March 24, 2009
Dictator Watch for March 24, 2009. According to Brietbart,
North Korea warned the United States, Japan and their allies not to interfere with its plan to launch a satellite into space next month, saying Tuesday any intervention could doom already stalled talks on ending its nuclear weapons program.
North Korea has declared its intention to send a communications satellite into space between April 4 and 8. Regional powers suspect the North will use the launch to test its long-range missile technology, and has warned Pyongyang the launch would trigger international sanctions.
A 2006 U.N. Security Council resolution prohibits North Korea from engaging in ballistic activity, which Washington and its allies say includes firing a long-range missile or using a rocket to send a satellite into space.
On Tuesday, the North's Foreign Ministry reasserted its right to peaceful development of its space program.
"The countries which find fault with (North Korea's) satellite launch including the U.S. and Japan launched satellites before it," said the statement carried by the North's official Korean Central News Agency. The stance proves their "their hostility toward us," it said.
Now why would a dictatorial communist regime, intent on keeping it's citizenry in the dark about everything both internally and with respect to the outside world, need to launch a communications satellite? Clearly this is a ballistics test and the cover story could not have been more ill conceived if they were saying they were trying a moon shot.
What's going to prove to be interesting is the reactions of others to the launch. Will Japan, Korea and the United States manage an attempt to shoot down the missile and if so, how will Russia and more so China react? It's probably a moot point. The Obama administration, bent on mending fences that probably should be left untended, will try to let it slip quietly by, hopefully with the aid of a compliant press.
Next stop for the Obama ballistics-for-all road show; Iran.
- Rasmussen - March 24 - 56% Approval, 43% Disapproval
- Zogby - according to the Boston Herald, Zogby will release a poll today showing results at or near 50/50 for approval/disapproval
- American Research Group - March 20 - 56% Approval 37% Disapproval (on economy it's 49/44)
- CNN and CBS both have Obama's approval in the low 60's but the results are 8-10 days old
The difference with Rasmussen is likely explainable by the target of the polls. Rasmussen polls likely voters and Gallup is polling adults. The latter is less accurate come election time, but arguably a better indicator of the mood of the nation. Still, it appears the Gallup numbers are skewed in favor of President Obama.
There is in recent polls a definite slide in support and an even more definite growth in disapproval of the President. This has come predominantly, as you'd expect from Republicans and disaffected independents. While Gallup has shown a slide from nearly 70% approval to the mid-60's, the polling has remained flat since early February. This is at odds with other major polls.
Is Gallup polling incorrectly, are they biased, are their results just an outlier versus other polls? No one can be certain as to which, but the fact is that their results are indeed different from others. As a result of that, their polling should be taken with a grain or two of salt.
March 23, 2009
It's not 100 days yet and keeping up with the mistakes is already getting tiring.
The Treasury Department is still 17 of 18 names short of it's slate of appointments from the administration. But don't worry, we've got Geithner, and when he talks...eventually he'll actually say something won't he? He's got his plan posted in an Op Ed at the Wall Street Journal. So he HAS said something, but what does it amount to besides rhetoric?
In the introduction to his plan, Geithner states that too much credit has been used.
...as a nation we borrowed too much and let our financial system take on irresponsible levels of risk.
Taking exception to the term 'let', how about 'required'? That aside, thank you for the news flash Mr. Geithner - so what's your plan to fix it? Besides re-capping what has already been announced or done?
Many banks, still burdened by bad lending decisions, are holding back on providing credit. Market prices for many assets held by financial institutions -- so-called legacy assets -- are either uncertain or depressed. With these pressures at work on bank balance sheets, credit remains a scarce commodity, and credit that is available carries a high cost for borrowers.
And without re-capping the current problem?
Today, we are announcing another critical piece of our plan to increase the flow of credit and expand liquidity. Our new Public-Private Investment Program will set up funds to provide a market for the legacy loans and securities that currently burden the financial system.
The Public-Private Investment Program will purchase real-estate related loans from banks and securities from the broader markets. Banks will have the ability to sell pools of loans to dedicated funds, and investors will compete to have the ability to participate in those funds and take advantage of the financing provided by the government.
Your objective to solve the problem of over-use of credit is to get the credit flowing again. At previously flowing rates no doubt. Nice. Punt. You want to push the problem further down the road by getting things back to 'normal'. A normal that your boss and you both say was the root of the problem. Granted you are trying to solve a difficult problem with few options available to you, but by not addressing the root of the problem, this is a politics and business as usual solution. It's not "change we can believe in", because it's not change. Where's the bold effort to transition the economy back to more manufacturing? Where's the jobs? Where's the turn away from the credit economy to a real, more solid economy?
Not your job? Above your pay grade? Well alright. Let's just focus on the specifics of your plan, which you treated like a homework assignment and turned in a month late.
The new Public-Private Investment Program will initially provide financing for $500 billion with the potential to expand up to $1 trillion over time, which is a substantial share of real-estate related assets originated before the recession that are now clogging our financial system. Over time, by providing a market for these assets that does not now exist, this program will help improve asset values, increase lending capacity by banks, and reduce uncertainty about the scale of losses on bank balance sheets. The ability to sell assets to this fund will make it easier for banks to raise private capital, which will accelerate their ability to replace the capital investments provided by the Treasury.
So you're going to be dishing out another $500 billion to $1 trillion dollars. No problem. We know how concerned you were about the $165 (now apparently $220) million dollars. So we know that you'll be careful with the 1,000,000 million dollars (yes, a million million) you expect need for this, on top of all the money your boss just spent. Yeah, we trust you.
Especially since what were previously considered toxic assets are going to be prettied up, put in lovely packaging to be sold off as investment tools for those foolish enough to fall for such a ploy. Rubes I believe they're called.
And all this in an effort to re-inflate the bubble. Banks played under what the game was, they will play under what the game is. The more you try to do, the more evidence compiles for the argument to let the recession play itself out without your help. It appears, no surprise, the toxicity is inherent in the government's touch.
As for your essay, filled with flowery rhetoric but nothing you couldn't have handed in a month ago with an equal lack of actual content, I'm inclined to give you an F.
March 22, 2009
However, government bailouts should not come with strings. Either you believe lending money to financial institutions will help them to stabilize or you don't. The government does not run AIG, Citi or Chase. Nor should they. Leave the banks alone to manage their bailout funds or don't lend them the money. You don't own them and America is not a Soviet system. At least not yet. Government intervention does not solve everything, in fact it usually makes things worse.
To the banks: If you don't want the strings attached with the money, follow the examples of Mark Sanford and Bobby Jindal - just say no. Don't whine. Everybody just man up.
Way to go Orlando. Has this reached a critical mass? Not yet. But it's definitely a step in the right direction.
Upon closer inspection, what looks worse are the failures of Barney Frank in his responsibilities to the American taxpayers. While his actions have not been directly responsible for the poor allocations of billions of taxpayer dollars...wait, they have been.
Example 1: The Housing Bubble and Credit Crisis news video
Example 2: Spend, spend, spend (on CNBC business segment)
Example 3: Decriminalizing Marijuana
Just a sample of the Barney Frank train wreck. Why this guy is not run out of office is beyond understanding.
March 21, 2009
A well regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms, shall not be infringed.
[Note to Feed subscribers - please visit the site for videos]
#10 My Uncle Liberated Auschwitz: Was your uncle a Russian?
#9 Clinging To Guns and Religion: The TelePrompter is the real brains of the operation.
#8 57 States: Isn't that supposed to be Heinz 57 Varieties Steak Sauce?
#7 Health Care For Veterans: Dumber than soup.
#6 Spread the Wealth: You get what you vote for.
#5 Selma Marches: Faulty Memory or prenatal memory?
#4 On AIG, pre-election: All over the place except specifics
#3 Various Babblings: Just slow down and catch your breath.
#2 Fallen Heroes in the Audience: Obama Sees Dead People
#1 Bank of China Credit Card: Brutal hypocrisy.
March 20, 2009
Michael Calderone at Politico quotes Attorney General Eric Holder as saying;
"I think it's important for this nation to maintain a healthy newspaper industry. So to the extent that we have to look at our enforcement policies and conform them to the realities that that industry faces, that's something that I'm going to be willing to do," Holder said.
Some struggling newspapers in multiple-newspaper cities have limited antitrust immunity under the 1970 Newspaper Preservation Act, allowing them to combine business activities while maintaining separate news operations.
Gee, I think the AG's new nickname should be "Place". It should come as no surprise that the hypocrisy involved is second only to the hubris. The problem with this is that the print media as well as the majority of television media will play along with this because it in the case of print, it's in their self interest to do so, and in the case of both print and television, it's in their ideological interest to do so.
And the stunning pretzel-twist flexibility with which they will try to rationalize this will exceed even this transparent non sequitur;
It's okay to save failing liberal newspapers in the name of public discourse, but right wing talk radio needs to be killed the same way pornography needs to be killed?
How people fall for this in this day and age is mind-boggling. Please, please, please, if you have any liberal or politically independent friends or family, make them aware of this hypocrisy.
And the Homeland Security Secretary Janet Napolitano is cracking down on the crackdowns. Isn't that wonderful?
This is the precursor to an amnesty bill, Fox News has it right. And it's one more decision that's going to skate through without proper debate in the Senate. At least we still have Tom Tancredo fighting on this one.
2008 : Contributor //Total
University of California //$1,392,675
Goldman Sachs //$1,035,095
Harvard University //$831,110
Microsoft Corp //$809,799
Google Inc //$796,564
JPMorgan Chase & Co //$700,808
Citigroup Inc //$681,318
Sidley Austin LLP //$604,938
University of Chicago//$599,089
Stanford University //$584,904
Skadden, Arps et al //$564,345
Time Warner //$540,051
UBS AG //$529,869
IBM Corp //$525,857
Morgan Stanley //$513,623
Columbia University //$507,316
National Amusements Inc //$506,751
Kirkland & Ellis //$501,335
US Government //$482,956
2006 Contributor //Total
University of Chicago //$156,054
Kirkland & Ellis //$143,138
Henry Crown & Co //$79,500
Sonnenschein, Nath & Rosenthal //$74,950
Northwestern University //$72,930
Exelon Corp //$71,850
Sidley, Austin et al //$71,432
Mayer Brown //$69,960
Jenner & Block //$62,710
Soros Fund Management //$61,605
Goldman Sachs //$61,500
Clifford Law Offices //$59,550
Simmons Cooper LLC //$58,500
Tejas Securities //$57,250
JP Morgan Chase & Co //$56,600
Ariel Capital Management //$55,650
Skadden, Arps et al //$54,071
Winston & Strawn //$52,450
Piper Rudnick LLP //$45,600
Holland Capital Management //$43,350
There's a lot of financial institutions in those contributor lists. I'm just saying...
The United States is bigger than one man - even if that man is the President. And it's bigger than a Democrat steamroller trying to push every conceivable liberal notion down the collective throats of Americans. You can always defeat these ideas if you really want to do so. You need to keep the pressure up on those in power. You need to go to Tea Parties. You need to talk to those who are still star-struck by this reckless President.
And most importantly, you need to keep hope alive. Yes, that's co-opting the words of Jesse Jackson, but hope knows no boundaries, so deal with it liberals.
March 19, 2009
But save your anger. Or more appropriately, direct it in the right direction - these companies, while apparently bereft of common sense, in the real world would be cut loose to sink or swim on their own. Thanks to bailouts they can continue to behave foolishly and in fact are rewarded for it.
The real culprits here are the politicians and bureaucrats from Paulson, and Bush to Obama, Geithner, Pelosi and Reid who have been barrelling forward with bailouts and legislation without taking the time to even read their own plans and doing due diligence on their own decisions.
Government is not meant to run at high speed because you run the risk of making stupid, stupid, stupid decisions. It's meant to be a deliberative body. It's especially true of the Senate, Mr. Reid...
The lack of oversight and the lack of transparency and the lack of planning at the governmental is (or should be) criminal. Hang the rich? No, imprison the politicians (no inciting riots here). These people have no business being in charge of business, or of the government. Not unless they start acting like responsible officials instead of a bunch of reactionary, partisan unthinking hacks.
Okay rant over - breathe.
"Senator Chris Dodd; deny, deny, deny. When you talk Senator, you keep digging the hole."
I didn't finish the post and thought I'd pick up on it today. Little did I realize I'd have to re-write the entire post except for that line. It's relevant because the Senator has backtracked and is now openly admitting that he added a bonus provision. Even CNN went so far as to call Senator Dodd a liar. CNN. Now they took down the video but it's available on Youtube (H/T Hot Air)
His answers were long and torturous to listen to, probably partly because he's a windbag and partly because he's trying to obfuscate.
Previously I would have viewed this as an Obama administration distraction but there's blood in the water and the sharks need to consume this piece of chum. Dodd himself is trying to blame the administration for forcing the issue. He needs to be pressed on it and pressed HARD. Either he's at fault, the administration is at fault or both are. In either case those who have the means to ask have the responsibility to find out where the fault lies. If Dodd is made out to be the fall guy, my suspicion is he will try to save his own skin and let loose on Geithner.
And if the dirt starts to fly, there will be casualties. As there should be. This may be a distraction tactic, or turned into one- particularly if they try to lay all of the blame at the feet of Dodd. But for conservatives even if Dodd is the only casualty, it's a big win. But it seems to me this would be a foothold to go after more - Barney Frank comes to mind, along with Geithner. Perhaps the trail will be strong enough to lead back to Fannie Mae and Freddie Mac. Not to mention the idea of bills being passed by Congress and signed into law with undue haste being a black mark on Democrats and the administration. Perhaps it can put the brakes on all the "change" without deliberation.
They stopped President Bush's social security reform, we can stop a health care boondoggle (again).