Jackie and Dunlap don’t think too highly of Dick Cheney for not thinking too highly of George W.
Tag: Bill Clinton
Chris Matthews and that “Leg Thrill” strike again!
The real funny thing is the Conservative Blogosphere basically handed that moniker to him and now he is playing it for all it is worth. 😀
The Video: (H/T to Townhall)
The Obligatory Bill Clinton rescues two liberals from California posting
Yes, I know about it.
The next question is; do I honestly care?
No.
Why?
Honestly, why the hell would I give two shits whether or not a Former President who should be, by rights, in jail for the murder of a group of Christians in Waco, Taxes; went and saved two leftist [removed] from North Korea?
Perhaps these two idiot liberals will now have second thoughts about the whole Liberalism idea and will become Conservatives. Seeing that they have experienced the horrors of true Communism; which is a step above Socialism.
I am quite sorry, but I just do not quite honestly give a shit.
There, I said it, I feel better.
Others: Macsmind
Update: When I wrote this last night, it was late and I was quite tired. I never should have put the words that I did in there. For those I offended, I apologize. However, my feelings about the rescue remain unchanged. The reason I say this is because; anyone that knows anything about the modern day Progressive AKA Socialist Democratic Party knows that it is one step below Communism. This is why I feel the that I do about this rescue.
The Obama White House Tries to Bully the Congressional Budget Office House
This is more of that Far-Left Liberal Politics at work:
Via CNN:
The White House has criticized the Congressional Budget Office’s findings that the Obama administration’s proposal to control Medicare costs would yield a moderate savings of $2 billion over the next decade.
White House Budget Director Peter Orszag said the CBO’s analysis — which it relayed to House Majority Leader Steny Hoyer on Saturday — could feed a perception of the office’s bias toward “exaggerating costs and underestimating savings.”
“The point of the proposal … was never to generate savings over the next decade,” Orszag said in a letter posted on Saturday.
“Instead the goal is to provide a mechanism for improving quality of care for beneficiaries and reducing costs over the long term.”
CBO Director Doug Elmendorf’s letter to Hoyer on Saturday was in response to the Senate Majority Leader’s request for analysis on “possible approaches for giving the President broad authority to make changes in the Medicare program,” Elmendorf wrote.
The Obama administration is touting a proposal to give a medical advisory council the power to help decide the scope of coverage that would be eligible for reimbursement under Medicare.
Administration officials say the proposed “Independent Medicare Advisory Council” would both improve health care quality and control costs. Some health care industry groups object to the proposal, saying such a council would not be qualified to make those judgments.
The CBO’s review of the proposal found that “the probability is high that no savings would be realized … but there is also a chance that substantial savings might be realized,” Elmendorf wrote.
“Looking beyond the 10-year-budget window, CBO expects that this proposal would generate larger but still modest savings on the same probabilistic basis.”
Orszag, a former director of the CBO, pointed out that “it is very rare for CBO to conclude that a specific legislative proposal would generate significant long-term savings so it is noteworthy that, with some modifications, CBO reached such a conclusion with regard to the IMAC (Independent Medicare Advisory Council concept.”
But he also criticized Elmendorf’s findings.
“As a former CBO director, I can attest that CBO is sometimes accused of a bias toward exaggerating costs and underestimating savings. Unfortunately, parts of today’s analysis from CBO could feed that perception,” Orszag said.
“In providing a quantitative estimate of long-term effects without any analytical basis for doing so, CBO seems to have overstepped.”
Just another attack from a worried White House, who wants their agenda passed, no matter the cost to the people or to our Nation.
Some Reactions from the Conservative Blogosphere:
With this letter CBO has killed the President’s IMAC proposal. It almost certainly would have died even without CBO’s letter. The proposal would have transferred an enormous amount of power from Congress to the Executive Branch. Turf-conscious Congressional committee chairmen would have fought it to protect their power base. Medicare provider interest groups (hospitals, doctors) were starting to lobby against it. They prefer Congress making these decisions because they’re easier to lobby and influence.
The only chance IMAC had was if CBO had said it would save gobs of money, allowing House leaders simultaneously to make Blue Dogs happy for being fiscally responsible, and to remove from their bill other, more politically painful, spending cuts or tax increases. IMAC was drafted so weakly that it became a budget gimmick.
[….]
Yes, the Administration could submit a fundamentally different proposal and call it a “tweak” of their existing one. To achieve the stated goals of bending the government health cost curve down and reducing future deficits, such a proposal would need to actually cut spending in an enforcable and unavoidable way. If they want to throw in a new council to shuffle money around within the mandated lower levels, that’s a separable question. The President’s advisors know, however, that a proposal like this with real teeth would never get off the ground in Congress. That’s too bad, because we desperately need the long-term deficit reduction.
The death of IMAC is a black eye for the Administration and another step backward for the pending health care reform bills. This result was both predictable and avoidable.
In a Hot Air exclusive, I contacted Chuck Blahous of the Hudson Institute, formerly the deputy director of George Bush’s National Economic Council about the open and aggressive attack on the CBO from Orszag and the White House. Blahous finds it unseemly:
“It’s routine for OMB and CBO to have scoring differences. It’s also routine for the two agencies to separately acknowledge, explain and quantify them. What’s not routine is for each to overtly criticize the other. This is a bad road to go down in any case, but even more so because OMB probably has the glass house here. Institutionally, they’re just different; CBO is purely a referee, while OMB is part referee, part player because they’re part of the President’s policy development team. Moreover, OMB’s February budget presentation attracted a lot of justified criticism for its economic assumptions and for moving various deficit-expanding policies into the budget baseline. Furthermore, most of the claims about long-term cost savings from health care reform have been purely speculative, with no data from the actuaries to back them up. Still, I don’t expect CBO to hit back and to criticize OMB scoring, nor should they. Hopefully folks will walk back and cooler heads will prevail.”
Orszag has been an embarrassment as OMB director, and now he’s becoming dangerous to the separation of powers between the branches of government. Either Obama should put Orszag on a leash, or get rid of him immediately — and find a real budget director, not just a liberal-agenda hack.
Steve Gilbert over at Sweetness and Light:
It’s hard to puzzle it out from this article, but this is an extension of Obama’s efforts to wrest control of Medicare/Medicaid reimbursements away from Congress so that he can call the shots.
And, despite what Mr. Orszag now claims, that was and is touted as a way to bring about tremendous savings.
Congress asked the CBO’s opinion, since they want to keep this power for themselves.
Needless to say, it should be nigh unto impossible for the CBO to predict whether the Obama people would raise or lower the reimbursement levels.
So naturally they tried to have it both ways:
[….]
And still the White House slammed them.
William A. Jacobson at Legal Insurrection:
What a pathetic joke the Democratic legislative effort has become. Loss of freedom and no meaningful cost savings. The opposite of “you get what you pay for.”
As Rahm Emanuel and Henry Waxman push to have a vote next week, it is clear that neither the Congress nor the White House has any clue as to the consequences of what they are proposing (if they even have read it). All the more reason we need to see the bill, debate it, and let our representatives know how we feel before they vote.
So give double thanks this weekend. First, for the CBO not giving in to political pressure. And second, for the fact that the CBO works on Saturdays.
I cannot say that I honestly disagree with that. This whole thing is a page right out of Saul Alinsky’s book, Rules for Radicals. It also could be a page out of the old Clinton playbook as well. What you cannot change or control; you contain it by discrediting it. If you cannot do that, then kill it. Just ask Vice Foster‘s family about that. Come to think of it, there are quite a few families that could be asked about that. Conspiracy theories? You decide.
Hope! Change! Intimadation! Discrediting of your Enemies! All just another day in the Presidency of Barack Hussein Obama.
CBO Says Obamacare will save no money over 10 years
Do you think that maybe NOW Obama will understand why the blue dogs revolted?
For the second time this month, congressional budget analysts have dealt a blow to the Democrat’s health reform efforts, this time by saying a plan touted by the White House as crucial to paying for the bill would actually save almost no money over 10 years.
A key House chairman and moderate House Democrats on Tuesday agreed to a White House-backed proposal that would give an outside panel the power to make cuts to government-financed health care programs. White House budget director Peter Orszag declared the plan “probably the most important piece that can be added” to the House’s health care reform legislation.
But on Saturday, the Congressional Budget Office said the proposal to give an independent panel the power to keep Medicare spending in check would only save about $2 billion over 10 years- a drop in the bucket compared to the bill’s $1 trillion price tag.
“In CBO’s judgment, the probability is high that no savings would be realized … but there is also a chance that substantial savings might be realized. Looking beyond the 10-year budget window, CBO expects that this proposal would generate larger but still modest savings on the same probabilistic basis,” CBO Director Douglas Elmendorf wrote in a letter to House Majority Leader Steny Hoyer on Saturday.
via CBO deals new blow to health plan – Chris Frates – POLITICO.com.
The Blue Dog Democrats revolted on this stupid plan, because they know; what the majority of clear-thinking Americans know. That the Nation’s Economy is in the Toilet and is not expected not to get any better anytime soon. The passing of this Health-care Bill and the Nationalization of our Health-care system is going to sooner or later drive America into Bankruptcy. The Blue Dog Democrats know this, they are not under the spell of hope and change, like Obama wants them to be. In other words, they are not drinking the Kool-Aid on the Obamassiah.
One trillion dollars and The economy is at it worst since the 1980’s? Is this President serious?
I think the President and the Democratic Party need to seriously reconsider what they are attempting to do here. Because if they do not, this country may just end with a one party system after the damage is all done. Some Republicans might be thrilled at the prospect of the total and complete destruction of the Democratic Party; but I would not be thrilled at all. Why?
I will tell you why, because, like Bill O’Reilly; believe that a two-party system in this Country is important. I believe, personally, that neither of these parties; Republican Party or The Democratic Party have all of the answers. There is good and bad in both of them, and because of this, I believe that the Democratic Party is about to do one of the stupidest an horrific overreaches in many years. It was attempted in Clinton Administration and it failed, and now it is about to be attempted again. This time, it will be a disaster.
Somebody up there on Capital Hill needs have some clear thinking and really seriously consider what might become of the Democratic Party, should this blow up in their faces. Because I have a feeling that this all is going to get much uglier, before it gets any better.
Others: RedState, Weekly Standard, theblogprof, Betsy’s Page, Cold Fury, Economix, PrairiePundit, Hot Air and The Hill
Looks like Eliot Spitzer’s ex-hoe for hire had other clients
Hmmmmmmm….:
Another gubernatorial sex scandal may be looming. Even as South Carolina’s Mark Sanford waits to see whether his wife, Jenny, forgives his romp in the pampas, a New York call girl could plunge one of America’s most prominent governors into a fresh hell.
In March, we told you about a high-end escort who claimed that former New York Gov. Eliot Spitzer had gotten overly aggressive during some kinky role-play (a charge Spitzer’s lawyer called “outrageous and defamatory”).
Now the elegant blond courtesan, whom we’ll continue to call “Annie,” is talking about three “dates” she allegedly had with another state’s chief executive, who we’ll call Gov. X.
Though Annie’s former boss, ex-madam Kristin Davis, corroborates that Gov. X was a client, his spokesman flatly denies that the married politician has ever hired hookers.
Still, it’s hard not to be intrigued by Annie’s detailed story. She contends that, in the spring of 2006, Davis’ agency booked her for an out-of-state date with a man identified as “Michael.”
“He picked me up in an Italian sports car,” says Annie. “He was in his 30s, handsome enough to be an actor, an impeccable dresser. I wouldn’t think he’d have a problem getting girls.
“We went to a restaurant where the governor was dining at another table with two or three other men. Michael said the governor was a client of his. He introduced me to him. I thought it was odd that he’d introduce someone he’d hired, but the governor was very gracious. It was a brief meeting. Later, Michael and I went to an apartment our agency kept. We had sex.
“A couple of days later, Michael booked another appointment. He was supposed to come to the same apartment. I buzzed him in. When I opened the door, it wasn’t Michael. It was the governor. He was smiling. I knew what was happening. I was okay with it.
“He was a very standard client. He didn’t take the full hour. There was no exchange of money. Michael handled the payment.
“I had two more dates with the governor. Never in public. Always for just an hour, around dinner time. He’d arrive at the apartment in a suit. I never had a problem with him, like I did with Spitzer. He was always nice. There wasn’t a lot of conversation. It wasn’t a girlfriend experience, but he was relaxed. He was very appreciative, like I was giving him a sort of affection he wasn’t getting elsewhere. Later I found out he was married. His wife is quite prominent in her own right.” (Annie and Davis say Gov. X is free to say he didn’t pay for sex, since “Michael” took care of the bills.)
via Eliot Spitzer not my only governor – hooker who worked for Kristin Davis.
Egad, Only Governor that I know; who’s wife is of prominence, in her own right; is Bill Clinton. 😮 He does have an office in Harlem!
Others: theblogprof, Macsmind, Anne Schroeder’s Blog, Moe Lane and JammieWearingFool
Rationing Healthcare? They already do! It’s called Health Insurance.
I saw this today on the Meme tracker and I wanted to really avoid it. Because I just do not feel that I cannot speak on Healthcare in a objective form, because it is quite the personal issue with me.
I have no healthcare insurance at all. :-((
Anyone this is in the New York Times Magazine:
You have advanced kidney cancer. It will kill you, probably in the next year or two. A drug called Sutent slows the spread of the cancer and may give you an extra six months, but at a cost of $54,000. Is a few more months worth that much?
If you can afford it, you probably would pay that much, or more, to live longer, even if your quality of life wasn’t going to be good. But suppose it’s not you with the cancer but a stranger covered by your health-insurance fund. If the insurer provides this man — and everyone else like him — with Sutent, your premiums will increase. Do you still think the drug is a good value? Suppose the treatment cost a million dollars. Would it be worth it then? Ten million? Is there any limit to how much you would want your insurer to pay for a drug that adds six months to someone’s life? If there is any point at which you say, “No, an extra six months isn’t worth that much,” then you think that health care should be rationed.
In the current U.S. debate over health care reform, “rationing” has become a dirty word. Meeting last month with five governors, President Obama urged them to avoid using the term, apparently for fear of evoking the hostile response that sank the Clintons’ attempt to achieve reform. In a Wall Street Journal op-ed published at the end of last year with the headline “Obama Will Ration Your Health Care,” Sally Pipes, C.E.O. of the conservative Pacific Research Institute, described how in Britain the national health service does not pay for drugs that are regarded as not offering good value for money, and added, “Americans will not put up with such limits, nor will our elected representatives.” And the Democratic chair of the Senate Finance Committee, Senator Max Baucus, told CNSNews in April, “There is no rationing of health care at all” in the proposed reform.
Remember the joke about the man who asks a woman if she would have sex with him for a million dollars? She reflects for a few moments and then answers that she would. “So,” he says, “would you have sex with me for $50?” Indignantly, she exclaims, “What kind of a woman do you think I am?” He replies: “We’ve already established that. Now we’re just haggling about the price.” The man’s response implies that if a woman will sell herself at any price, she is a prostitute. The way we regard rationing in health care seems to rest on a similar assumption, that it’s immoral to apply monetary considerations to saving lives — but is that stance tenable?
Health care is a scarce resource, and all scarce resources are rationed in one way or another. In the United States, most health care is privately financed, and so most rationing is by price: you get what you, or your employer, can afford to insure you for. But our current system of employer-financed health insurance exists only because the federal government encouraged it by making the premiums tax deductible. That is, in effect, a more than $200 billion government subsidy for health care. In the public sector, primarily Medicare, Medicaid and hospital emergency rooms, health care is rationed by long waits, high patient copayment requirements, low payments to doctors that discourage some from serving public patients and limits on payments to hospitals.
The case for explicit health care rationing in the United States starts with the difficulty of thinking of any other way in which we can continue to provide adequate health care to people on Medicaid and Medicare, let alone extend coverage to those who do not now have it. Health-insurance premiums have more than doubled in a decade, rising four times faster than wages. In May, Medicare’s trustees warned that the program’s biggest fund is heading for insolvency in just eight years. Health care now absorbs about one dollar in every six the nation spends, a figure that far exceeds the share spent by any other nation. According to the Congressional Budget Office, it is on track to double by 2035.
Now the Right Wing Blogs are doing some seriously loud howling about this right here. I guess that I break away from that pack. I tend to be a bit more clearer thinking about it. Hence my Moderate label. For some better perspective, Riverdaughter over at The Confluence, who is a Moderate Democrat; puts some of this in perspective:
Peter Singer is an ethicist who espouses a utilitarian view of ethics, meaning that his interpretation of general welfare extends to an economic calculation of costs versus benefits. For example, he proposes that it is acceptable to identify specific measures of when a treatment is effective enough to warrant the cost of providing such treatment.
[….]
First, it is critical to note that healthcare is already “rationed” in our country. It is “rationed” each and every day when the uninsured or under-insured are denied the same high quality treatments afforded to those without financial constraints. Anyone who has seen Michael Moore’s movie “Sicko” saw through this film the soulless rationing of treatment in our country such as how the poor and indigent were treated by a for-profit hospital that dumped them on a street corner after providing only minimal care. I will never forget the morning I broke down in tears after reading about a man in our community who had cancer, lost his job and with it his health insurance. His statement “I’m just waiting to die because I cannot afford the chemotherapy drugs” exposed the unimaginable truth that our society is willing to allow people to die with little protest from its citizens. If this is already unacceptable, why would we want to factor such a strategy into any plan we devise?
Now, I have a great deal of respect for Peter Singer and his general view of the world, but his utilitarian ethical approach to healthcare reform in our country is one I cannot embrace; and the reason I cannot embrace it is because our political leaders do not use a utilitarian view when dealing with banks, Wall Street barons, and corporations. How does a society continue to exist when those who have little are turned away from life saving treatments while the wealthy live in a world where money is no object? There is something inherently wrong with standing before a nation and acting as though there is no limit to the funds our country should expend so that banks and Wall Street traders are allowed to continue to feed at the trough of excess, yet a discussion over saving the lives of our fellow citizens erodes into debate over cutting costs. Yet this is exactly what our legislators and president are doing to us on a daily basis — on both sides of the political aisle.
I agree with on all point, except when it comes to Michael Moore. Michael Moore, In my humble opinion; is a socialist Propaganda maker. Who yowls about the evils of a capitalistic society —- All the whole driving around in a limousine himself. Moore is the perfect example of a Limousine Liberal; kind of like John Kerry. However, she is correct about the whole Health-care issue. If you have good insurance, you get good care, if you have none. You get treated and released most usually.
Like I said; I do not have any sort of health insurance at all. But I just cannot get up and cheer madly about something ran by our Federal Government. I just cannot. Because this is same Government that allowed the Siege at the Waco Compound to happen; of which I have never forgiven Bill Clinton for, nor will I ever. Also Ruby Ridge and the list goes on and on. Not to mention the Medicare and Medicaid systems, how screwed up they are.
However, the Compassionate side of me, that sees the suffering and poor getting stiffed; wants to see a better system. So far, from what I have read. Obama’s plan is STILL going to leave many people uninsured. So, what is the big change? There is not really going to be any change, of great importance anyhow. The far left and special interest people are figuring this out.
So, anyhow, hopefully I did not lose any Conservative credo in this posting. 😀 :-/
Others: Don Surber, Tammy Bruce, Say Anything, The Strata-Sphere, Winds of Change.NET, PoliGazette, Sweetness & Light and The Rhetorican
Video: The Southern Avenger on “High Infidelity”
Jack tries to sell this one, but based on the comments over at facebook; it is going to be a tough sell.
—–
Synopsis:
In the wake of South Carolina Governor Mark Sanford’s infidelity scandal, it is worth noting that rampant adultery amongst politicians still poses less danger than their politics.
Don’t believe the hype on the Coup in Honduras
That is what Octavio Sánchez is saying, and he should know; he’s there:
Tegucigalpa, Honduras – Sometimes, the whole world prefers a lie to the truth. The White House, the United Nations, the Organization of American States, and much of the media have condemned the ouster of Honduran President Manuel Zelaya this past weekend as a coup d’état.
That is nonsense.
In fact, what happened here is nothing short of the triumph of the rule of law.
[….]
Under our Constitution, what happened in Honduras this past Sunday? Soldiers arrested and sent out of the country a Honduran citizen who, the day before, through his own actions had stripped himself of the presidency.
These are the facts: On June 26, President Zelaya issued a decree ordering all government employees to take part in the “Public Opinion Poll to convene a National Constitutional Assembly.” In doing so, Zelaya triggered a constitutional provision that automatically removed him from office.
Constitutional assemblies are convened to write new constitutions. When Zelaya published that decree to initiate an “opinion poll” about the possibility of convening a national assembly, he contravened the unchangeable articles of the Constitution that deal with the prohibition of reelecting a president and of extending his term. His actions showed intent.
Our Constitution takes such intent seriously. According to Article 239: “No citizen who has already served as head of the Executive Branch can be President or Vice-President. Whoever violates this law or proposes its reform [emphasis added], as well as those that support such violation directly or indirectly, will immediately cease in their functions and will be unable to hold any public office for a period of 10 years.”
Notice that the article speaks about intent and that it also says “immediately” – as in “instant,” as in “no trial required,” as in “no impeachment needed.”
Continuismo – the tendency of heads of state to extend their rule indefinitely – has been the lifeblood of Latin America’s authoritarian tradition. The Constitution’s provision of instant sanction might sound draconian, but every Latin American democrat knows how much of a threat to our fragile democracies continuismo presents. In Latin America, chiefs of state have often been above the law. The instant sanction of the supreme law has successfully prevented the possibility of a new Honduran continuismo.
The Supreme Court and the attorney general ordered Zelaya’s arrest for disobeying several court orders compelling him to obey the Constitution. He was detained and taken to Costa Rica. Why? Congress needed time to convene and remove him from office. With him inside the country that would have been impossible. This decision was taken by the 123 (of the 128) members of Congress present that day.
Don’t believe the coup myth. The Honduran military acted entirely within the bounds of the Constitution. The military gained nothing but the respect of the nation by its actions.
But yet you have idiot douche bag Communist Liberals, like Hillary Clinton, Like President Obama and the U.N. trying to tell the people in Honduras; that this man was right for doing this. I guess Senator McCarthy was right after all. The Democratic Party has been taken over by the Socialists, who are basically Communist light. So, to this writer; is no big surprise that President Obama and his right hand lady Hillary Clinton took sides with the Communists.
The Southern Avenger on “Missing Mark Sanford”
Synopsis: The would be conservative hero who probably now, never will be.
Video: Something to make you think
This an excellent video: (Via True Conservatives on Facebook)
Even More Professional Behavior from President Teleprompter
This is unbelievable:
The bankers struggled to make themselves clear to the president of the United States.
Arrayed around a long mahogany table in the White House state dining room last week, the CEOs of the most powerful financial institutions in the world offered several explanations for paying high salaries to their employees — and, by extension, to themselves.
“These are complicated companies,” one CEO said. Offered another: “We’re competing for talent on an international market.”
But President Barack Obama wasn’t in a mood to hear them out. He stopped the conversation and offered a blunt reminder of the public’s reaction to such explanations. “Be careful how you make those statements, gentlemen. The public isn’t buying that.”
“My administration,” the president added, “is the only thing between you and the pitchforks.”
via Inside Obama’s bank CEOs meeting – Eamon Javers – POLITICO.com.
Talking about cashing in on the public outrage! What’s more is this one here:
There were signs from the outset that this was a business event, not a social gathering. At each place around the table sat a single glass of water. No ice. For those who finished their glass, no refills were offered. There was no group photograph taken of the CEOs with the president, which typically happens at ceremonial White House gatherings but not at serious strategy sessions.
“The only way they could have sent a more Spartan message is if they had served bread along with the water,” says a person who attended the meeting. “The signal from Obama’s body language and demeanor was, ‘I’m the president, and you’re not.’”
Way to go there Mr. Bambi, piss off the very people that made you on wall street. What more do the people need to see, to realize that electing this buffoon was the biggest mistake America ever made?
You know, I criticized Bush relentlessly during the man’s time in office. But the actions of this new President is starting make me really wonder just how better off we truly are. I mean; this guy is right now over in Europe, and now going to France to make speeches saying that the United States of America was arrogant?? I have to admit, I do not always agree with Sean Hannity, But tonight he was spot on. Obama ought to be impeached for treason, first for bowing an Arab leader and then going overseas and basically sounding like the Dixie Chicks! I am, quite frankly, surprised that our media here has given him a pass on that one. But then again, when you are in the tank for the guy. What can one expect??
Not to mention that, he is spending like a drunken sailor, which is going to weaken our dollar. It is truly unbelievable.
You see people want to say that Bush caused all this economic recession, and that’s just flat out horse hockey! Bush did not cause this recession, Bill Clinton did! Clinton was one the one who placed the high pressure on the big lending institutions, like Freddie Mack and Fannie Mae to give loans to those who could not normally afford them. Then the people on Wall Street, thanks to the stupid deregulation of the Markets, cooked up these crazy credit swaps. Bush’s White House saw the impending disaster and warned sternly the Republican controlled Congress that there were signs that the Markets are showing signs that there was about to be a serious problem. This was in 2003, Congress then began an investigation and the then President/CEO or whatever the hell you call him, who was black, did what any black person does when they’re under the gun. He played the race card. Rep. Barney Frank sat right up there and said there was no crisis.
So, this whole notion that is being peddled by the Democrats is totally false and is basically revisionist history. No wonder Bill O’Rielly flipped out on Barney Frank. Because the man is a damned liar. As are the Democrats in general. But yet, the President can sit there and act like a total asshole?!?! It was his party that created this whole mess!
Unbelievable, just totally unbelievable.
Mark Steyn on debt to our kids
Mark Steyn on the debt that we’re leaving our Children:
Just between you, me, and the old, the late middle-aged and the early middle-aged: Isn’t it terrific to be able to stick it to the young? I mean, imagine how bad all this economic-type stuff would be if our kids and grandkids hadn’t offered to pick up the tab.
Well, OK, they didn’t exactly "offer" but they did stand around behind Barack Obama at all those campaign rallies helping him look dynamic and telegenic and earnestly chanting hopey-hopey-changey-changey. And "Yes, we can!"
Which is a pretty open-ended commitment.
Are you sure you young folks will be able to pay off this massive Mount Spendmore of multitrillion-dollar debts we’ve piled up on you?
"Yes, we can!"
We thought you’d say that! God bless the youth of America! We of the Greatest Generation, the Boomers and Generation X salute you, the plucky members of the Brokest Generation, the Gloomers and Generation Y, as in "Why the hell did you old coots do this to us?"
via Mark Steyn: Welcome, kids, to the Brokest Generation – Opinion – OCRegister.com.
Now, I realize that Steyn was being snarky. To be fair, much of this debt was brought on, long before Obama ever took office. But Obama sure did not do anything to stop the increase of that debt. In fact, Obama has added to it.
This whole idea of tax the rich, and spend out way out of a recession, is just bad all the way around. Mainly, because we are spending money that we do not even have. We are getting it from China, who is increasingly getting nervous about giving us this money; not to mention, they are becoming more hostile by the day.
So, while I think it is quite fun to blame the Democrats from everything from the weather to my inability to get laid. (
) Some things you just cannot put on one party or the other; because, quite frankly, both parties have done the dirty of adding to our national debt.
Others: Cold Fury and Pajamas Media
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An Interesting Movie
I post this because I believe that it is interesting. Alex Jones has always struck me as a kook. Someone amongst the “Tin Foil Hat” crowd. However, it is something interesting to watch.
Enjoy…
What do you think? Do you think that there is any truth to this?
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A New Parody “Barry’s Farm”
Here’s the Original Song:
Update: It seems that some Fascist Socialist Liberal twit keeps going around getting my video yanked. No biggie, if they yank it. I will find it elsewhere and put it up. This is America and not fascist Germany and I have the RIGHT to express my opinions about the President and his fascist polices. You liberals don’t like it? TOUGH SHIT! 😡
History about the song and concert
New Lyrics:
Barry’s Farm
(Sung to the tune of Maggie’s Farm by Bob Dylan)
Written by Paleo Pat
I ain’t gonna work on Barry’s farm no more.
I ain’t gonna work on Barry’s farm no more.
Well, I wake up in the morning,
Fold my hands and pray that I might keep my gain.
I got a bill full of Taxes
That are drivin’ me insane.
It’s a shame the way he makes me tip the whore.
Naw, I ain’t gonna work on Barry’s farm no more.
I ain’t gonna work under Barry’s Law’s no more.
I ain’t gonna work under Barry’s Law’s no more.
Well, he hands you a Dollar,
Taxes you a dime,
Looks at you with a grin
While robbin’ you fuckin’ Blind,
Then he taxes you every time you open the door.
I ain’t gonna work under Barry’s Laws no more.
I ain’t gonna be a slave for Barry’s Government no more.
No, I ain’t be a Slave for Barry’s Government no more.
Well, he puts a Tax Bill
in your face just for kicks.
His White House
It is made out of Bricks.
The Secret Service stands around his door.
Ah, I ain’t gonna be a slave for Barry’s Government no more.
I ain’t gonna work for Barry’s Bitch no more.
No, I ain’t gonna work for Barry’s Bitch no more.
Well, she talks to all the people
About Equality and Race and Law.
All the while the workin’ people
Are payin’ for other peoples bad calls
She’s a lying thief, but she says her honesty stands tall.
Naw, I ain’t gonna work for Barry’s Bitch no more.
I ain’t gonna work on Barry’s farm no more.
I ain’t gonna work on Barry’s farm no more.
Well, I try my best
To do the best I can,
But everybody wants you
To pay thier bills for them.
They eat steak while you slave and I just get bored.
I ain’t gonna work on Barry’s farm no more.
Asian Markets Slide
The ripple effect of Government Socialism spreads:
Asian stock markets slumped Monday amid resurgent concerns that a recovery in the global economy is unlikely to materialize until next year and worries about the global financial sector following fresh government bailouts for the insurance giant American International Group and Citigroup.
The Nikkei 225, Japan’s benchmark index, was down 4 percent and the Kospi in South Korea fell 3.6 percent, while the key index in Hong Kong sagged 3.8 percent. Singapore’s stock market fell 3.3 percent, and the markets in Australia and Taiwan dropped 2.8 percent. Stocks in mainland China declined least, falling 0.2 percent by Monday afternoon.
Stock in banks like Mitsubishi UFJ and Mizuho Financial Group were more than 4 percent lower in Tokyo because of fears about the health of the global banking system, after the United States government moved to take a larger stake in the ailing banking giant Citigroup and was set to give an additional $30 billion in taxpayer money to AIG.
And in Hong Kong, trading in HSBC was suspended in the wake of reports that the British bank will announce on Monday that it is tapping investors for about £12 billion, or about $17 billion.
“It’s pretty despondent everywhere,” said Dwyfor Evans, a strategist at State Street Global Markets in Hong Kong. “Okay, there are signs that some of the leading indicators have stabilized to some extent, but it’s at a very, very low level, and we’re not seeing corporate investment picking up, or consumers starting to spend again – in other words, the traditional mechanisms by which economies come out of a recession are absent at this time.”
While Barack Obama might be the President that saved the working class family in America, he might very well go down as the President who destroyed the free market capitalist system in America and around the World. Although, I will admit, that he did have help. Bill Clinton’s polices, along with the inaction of the Republican Congress of 2003, did nothing to stop this mess.
The bad part about is, I and everyone else will be most likely dead before it is all straightened out.
Welcome to the 21 century. 🙄
My Santelli Prediction
First go listen to this audio clip here. (it will open a new tab or window, depending on your settings.)
Welcome back.
I predict that Rick Santelli will be found, face down, dead in a parking lot. Single gun shot to the back of the head.
You say:
Oh, That’s crazy!
Think so? Tell that to Vince Foster.
I know the cover story. I also know about the various independent investigations too. Democrats know no shame, what they cannot control, they eliminate.
Just sayin’
The Southern Avenger on “Crisis-Mongering”
How President Obama’s haste and hysterics in passing his stimulus to alleviate the economic crisis is similar to Bush’s theatrics in addressing the terror “crisis.”
The Mining Industry feels the pinch
It is not just the auto industry that is feeling the pinch of the economy, it seems that the mining industry is feeling it as well.
BIG mining companies have suffered an astounding reversal of fortunes in the past few months. As boom has turned to gloom, commodity prices have slumped, leaving mining firms with painful decisions to make. Rio Tinto is the latest to suffer. On Monday February 2nd the Anglo-Australian mining giant was forced to confirm press speculation, acknowledging that it is in talks with Chinalco, a state-owned Chinese aluminium maker. The Chinese firm may agree to a deal to help to alleviate Rio’s debts which were taken on before the credit crunch led to a foundering world economy.
Rio’s debt pile of some $40 billion was mostly run-up through its purchase of Alcan, a Canadian aluminium firm, in 2007. Around $9 billion is due later this year, and refinancing will be a tricky proposition given the parlous state of debt markets. Another $10 billion must be repaid in 2010. Rio has started a firesale of assets: it raised $1.6 billion last week by selling iron ore and potash businesses in Brazil and Argentina to Vale, a Brazilian rival. But prices are depressed and making a sale is not always possible—Rio has still not managed to offload Alcan’s packaging business, although it is reportedly in talks with a potential buyer.
via Rio Tinto, deeply indebted, seeks investment from China The Economist.
More fall out from a concept floated by the Democrats, that was based entirely upon risk. Thank you Bill Cinton for ruining America. 🙄
The Obligatory Hillary Clinton “intervened in government issues directly affecting companies and others that later contributed to her husband’s foundation” Posting
Seriously, why is anyone even remotely suprised by this?
Via AP:
Secretary of State appointee Hillary Rodham Clinton intervened at least six times in government issues directly affecting companies and others that later contributed to her husband’s foundation, an Associated Press review of her official correspondence found.
The overlap of names on former President Bill Clinton’s foundation donor list and business interests whose issues she championed raises new questions about potential ethics conflicts between her official actions and her husband’s fundraising. The AP obtained three of the senator’s government letters under the Freedom of Information Act.
Clinton was to begin her confirmation hearing Tuesday before the Senate Foreign Relations Committee.
Under an agreement with President-elect Barack Obama, Bill Clinton recently released the names of donors to his foundation, a nonprofit that has raised at least $492 million — including millions from foreign governments — to fund his library in Little Rock, Ark., and charitable efforts worldwide on such issues as AIDS, poverty and climate change.
The letters and donations involve pharmaceutical companies and telecommunications and energy interests. An aide to the senator said she made no secret of her involvement in many of the issues. Bill Clinton’s foundation declined to say when it received the donations or precisely how much was contributed.
I mean, after all, we are talking the Clinton’s here. Democratic ties to corruption and lobbyists; especially among the Clinton’s and other well-heeled Democratic figures goes all the way back the Kennedy era. I know, Obama promised change, and with Hillary we did not get it. One must remember though, if she’s not seated, Obama could lose his popularity among Hillary’s supporters.
Still it would be quite juvenile of me not to observe that this does represent a “walk back” of the mantra of hope and change that Obama promised during the campaign. The Clinton defeat was supposed to represent a defeat of the old Clinton guard within the Democratic Party. So much for that little bit of drama. 🙄
I’ve written it here a great number of times, but I believe it to be quite true, it is going to be a very interesting four to eight years in politics. 😀
Others: The Moderate Voice, CNN, NO QUARTER, Bloomberg, Wall Street Journal, NPR, Booman Tribune, Reuters, protein wisdom, CBS News, Associated Press, JammieWearingFool and The Politico
(via Memeornadum)
Toyota is feeling the pinch too.
So much for that stupid Neo-Con line saying that the slump in auto sales is the automakers fault.
Via the New York Times:
TOKYO — Toyota Motor will idle its plants in Japan for 11 days in February and March to reduce output in the face of steeply declining global vehicle sales, the company said Tuesday.
The Japanese auto giant said the suspension would affect production at all 12 of its directly operated domestic plants, which include four vehicle assembly plants and also factories that make transmissions, engines and other parts. The closings are in addition to a three-day shutdown this month at these plants that Toyota had already announced.
The move is unusual for a company that just a few months ago seemed unable to keep up with voracious global demand for its fuel-efficient vehicles. But even strong players like Toyota have failed to escape the drastic slowdown in the global auto industry.
The company said it would idle the plants to reduce stocks of unsold vehicles amid a relentless slide in sales, particularly in the United States, its biggest market. Last month, Toyota’s sales there dropped 37 percent, a larger decline than at its struggling American rivals General Motors and Ford.
Plunging sales and a stronger Japanese yen, which reduces the yen value of overseas profits, forced Toyota to forecast last month its first annual loss in 70 years at its vehicle-making operations.
Toyota did not say how many vehicles would be affected by the suspension announced Tuesday. The company said its four domestic assembly plants produced 1.5 million vehicles in 2007, the most recent year for which the company has figures. Toyota-brand cars are also made by other companies in the Toyota group.
The company had already announced that it would shut down truck production at two United States plants for three months
Its American rivals — General Motors, Ford Motor and Chrysler — have also idled plants across North America in response to the slowdown.
For once, I am in agreement with a Liberal, and yes, it is the same knuckle-headed liberal that insulted Conservatives. Hey, I am one that praises when it’s due and bitches when it’s due too; At least I’m fair. 😉 😀 😛
Matthew Yglesias Weighs in:
This is the conceptual problem with efforts to “save” the car industry through bailouts or union busting or whatever you like. One assumes demand for cars will get higher than it is right now, but the industry has a whole just has more capacity to build cars than there is demand for new cars. Which is fine. When you look across the developed world and try to take stock of the medium- and long-run problems facing the OECD nations there’s just no way you’re going to reach the conclusion that an automobile shortage is a big concern. But obviously it’s not fine for the companies that make cars. There’s going to be a need for some shrinkage.
Yeah, I know, most likely some of the Conservatives who are basically scraping my blog for content are going to try and deride me as a fake conservative, because I stick up for the middle class and because I happen to be the son of retired General Motors Worker and U.A.W. member. Well, I got two words; screw you and the rest of the asshole Madison Ave. Conservatives. 😡
Anyhow, I happen to agree with Matthew here, I live here in the Detroit Area. If the auto industry dies, so does this area. That will cause my parents to suffer, they need the health insurance, as they are both diabetic and the amount of medications that they take is staggering. Anyhow, this article above disproves and basically strikes down the “Meme” that was going around in the Conservative Blogosphere that the issues with the auto industry was the fault of the automakers. Which I totally dismissed as abject bullshit of the highest order. It was the fault of President Clinton for putting pressure on the loan companies to give those toxic subprime loans to those who were considered high risk. That is what started this whole thing. Of course, equal blame can be given to the Republican Congress of 2003 for not changing the laws, after all, they were warned by the Bush White House to do something; and they did nothing at all.
Best thing they could do, was have a hearing, of which the CEO of Freddie Mac pulled the race card, and congress backed off. So, all the blaming of the Auto Companies was nothing more than a feeble attempt by the Republicans at scapegoating the wrong damned people.
Here’s hoping that Japan’s auto industry totally collapses and people, both American and otherwise, have to buy American products, for a change!
The Automotive Bailouts: The Other Side of the Story
I have been sitting here, trying to keep out of this. But I have sat and looked at the Republican and Neo–Conservative Spin on this Story and I’m sick of it. 😡
So, I am giving you, the other side of the story, from the horses mouth; without commentary from me.
I did not ask that you agree, I simply ask that you listen and hear this man out. Now I am almost sure, that the Blogs, that I have linked to, will remove my trackback, like the Neo-Con Fascists that they are. I mean, it is all about controlling the message with those guys. 🙄
Here we go:
Part 1:
Part 2:
Media Q & A:
Media Q & A Part 2:
Media Q & A Part 3:
There you have it. The other side of the story. You decide.
(Source UAW.ORG)
Well, they did call them “High Risk” Loans…
Seems that the people that defaulted on their mortgages, have defaulted again, even after all this aid that has been tossed around. So reports Reuters:
Recent data suggests that many borrowers who received help with mortgage modifications earlier this year tended to re-default on their payments, a top U.S. banking regulator said on Monday.
“The results, I confess, were somewhat surprising, and not in a good way,” said John Dugan, head of the U.S. Office of the Comptroller of the Currency, in prepared remarks for a U.S. housing forum.
“Put simply, it shows that over half of mortgage modifications seemed not to be working after six months,” he said.
Dugan said based on data collected from some of the biggest U.S. institutions, like Bank of America, Citibank and JPMorgan Chase, home foreclosure starts fell 2.6 percent in the three months ended in September.
However, data which is to be issued by the OCC and the Office of Thrift Supervision (OTS) next week could throw cold water on a push by some U.S. policymakers for loan modifications as the key remedy for the ailing U.S. financial and economic crisis.
Dugan said recent data showed that after three months, nearly 36 percent of borrowers who received restructured mortgages in the first quarter re-defaulted.
The rate of re-default jumped to about 53 percent after six months and 58 percent after eight months, Dugan said, without providing an explanation for the trend.
Regulators speaking at an OTS-housing forum did not provide any explanations for the causes behind the data.
“We don’t know the answers yet, but these are the types of questions that we have begun asking our servicers in detail,” Dugan said.
Sheila Bair, chairman of the Federal Deposit Insurance Corp, who has been pushing for fast and systematic loan modifications, said regulators need to examine re-default data more closely.
“I think it’s very important to look at this data carefully and know what it says and what it doesn’t say,” Bair said.
Dugan said the third-quarter report will show many of the same disturbing trends as other recent mortgage reports, as credit quality continued to decline across the board and delinquencies rose for subprime, alt-A and prime mortgages.
He said the report will also show that the greatest delinquencies were in prime mortgages.
I can tell you exactly what the answer is. You do not hand out mortgages to people that you know damned well that they cannot pay for them. That is the answer! This is why the Country, The Big Three and Wall Street are in the mess that they are in now, in the first place. Because fucking Bill Clinton and his team of morons decided to FORCE lending companies to gives loans to HIGH RISK persons, and they’re called that for a reason, they’re known not to pay their bills!
High Risk is called High Risk for a reason! Duh! Man, I could have told them that and I am a High School Drop out with A.D.H.D. 🙄
“Clue needed on Asle 5, Clue needed on Asle 5 Please.”
(Thanks Q & O)
Little late for that!
Here I go, talking out of both sides of my ass mouth again! 😛
Looking over at NRO’s Blog row, I find this little gem.
From NRO’s Planet Gore…. “Big Three Set to Become Green-Church Converts”
Oy. Why weren’t the Big Three doing this crap in the 1990’s? Could it be because the OIL companies were lobbying for them NOT to persue this sort of agenda?