Saturday, April 04, 2009

Obama Loses Place On Teleprompter. Ouch!

Why newspaper are going broke

As more and more newspapers file bankruptcy, did it ever occur to any of the editors that people might actually read their papers if they were to break a big time Watergate style article, like, say the political corruption that started this whole economic downturn.

But Gordon, that takes staff and resources the papers just don't have anymore.

It doesn't take a whole lot of staff to read this report from Judicial Watch to get all the documents to put together a nice expose of government corruption......

Judicial Watch, the public interest group that investigates and prosecutes government corruption, announced today that as part of its ongoing investigation of the government's role in the financial crisis it has uncovered new documents. The documents show that members of Congress for years were aware that Fannie Mae and Freddie Mac were playing fast and loose with accounting issues, risk assessment issues and executive compensation issues, even while liberals in Congress continued to block attempts to regulate the two Government Sponsored Enterprises (GSEs).

Judicial Watch obtained the documents from the Federal Housing Finance Agency (FHFA) in response to a Freedom of Information Act (FOIA) request dated December 4, 2008. Judicial Watch requested records related to members of Congress activity regarding the policy of Fannie Mae and Freddie Mac to increase lending to individuals with poor credit risk, as well as correspondence and records about contacts between FHFA and Fannie and Freddie. Among the important documents:

  • FHFA letter, dated March 26, 2007, from the director of the Office of Housing Enterprise Oversight (OHFEO), James B. Lockhart, to U.S. Senators Elizabeth Dole, Chuck Hagel, Mel Martinez and John Sununu: "This is a very serious issue. Freddie Mac's inadequate systems and controls make it a significant supervisory concern. Furthermore, its lack of timely public disclosures deny market participants the essential financial information made available by all other publicly traded companies so that investors may make informed judgments." The letter also mentions, "...Fannie Mae still has not filed financial statements for 2005 and 2006 and thus, they are not timely filers either."
  • FHFA letter, dated December 3, 2004, to Congressman Barney Frank: "On November 15, 2004 Fannie Mae filed a Form 12b-25 with the Securities and Exchange Commission (SEC). Fannie Mae indicated that its external auditors could not complete their reviews of its financial statements and noted the possibility of up to a $9 billion loss dating back to 2001. As a result, OHFEO has determined it will not provide a monthly capital classification at this time."
  • Letter dated June 16, 2006, from OHFEO Director Lockhart to Senator Chuck Hagel: "...In January 1999, Chairman and CEO Franklin Raines approved a recommendation made by the Chief Financial Officer (CFO) (Tom Howard) and the Controller (Leanne Spencer) to defer recognition of $200 million in amortization expense. This deferral, along with other accounting decisions made at that time relating to provisions for loan losses and the recognition of low-income housing tax credits, allowed management to meet the EPS threshold for maximum bonuses."

Overall, these documents show that Congress was made aware of the massive problems at Fannie Mae and Freddie Mac over the last six years. Yet liberals, led by Congressman Barney Frank, repeatedly blocked attempts to rein in Fannie Mae and Freddie Mac.

For example, during a hearing on September 10, 2003, before the House Committee on Financial Services considering a Bush administration proposal to further regulate Fannie and Freddie, Rep. Frank stated: "I want to begin by saying that I am glad to consider the legislation, but I do not think we are facing any kind of a crisis. That is, in my view, the two government sponsored enterprises we are talking about here, Fannie Mae and Freddie Mac, are not in a crisis. We have recently had an accounting problem with Freddie Mac that has led to people being dismissed, as appears to be appropriate. I do not think at this point there is a problem with a threat to the Treasury."

But I guess the papers will just go down making sure everyone knows that Sarah Palin's, daughter's, boyfriend's, cousin's next door neighbor thinks Sarah Palin's a bitch.

So tell me punk.... how much is enough?

I just finished my 10th consecutive 70+ hour work week.

So I really wasn't in the mood to get a visit this morning from a woman who's bitching at me because our office took too much child support out of her boyfriend's paycheck.

Keep in mind that this guy has four children with three different women that he's paying child support on.

Also keep in mind that this guy has two children with the woman he's currently shacking up with.

Also keep in mind that this woman is receiving child support from two different men.

Her question to me.

How's he's supposed to take care of his current family when he's paying child support on all these other kids?

Good question.

I felt like telling her that her husband should buy himself a time machine and go back to junior high and follow my example

1) I worked my ass off putting in 5000 hours on the track and the streets of Lancaster running and in the weight room. I did that around working in my aunt's pizza shop and school work. I didn't have time or the energy to fertilize all the sweeties in my school.

2) As a result of busting my ass, I got a tuition and fees scholarship and got my degree.

3) When I graduated from college, instead of spreading my seed around the countryside, I was at home studying for the CPA exam.

4) After I passed the CPA, I started my own business. Again, I didn't have time rolling up on a bunch of skanks making trophies. I was too busy trying to figure out which credit card I could use to meet payroll.

5) So now it's April 4th of my fourteenth tax season. I've made a lot of money doing 600 plus tax returns so far this year. But a bunch of liberal douche bags are telling me that I'm greedy because I don't really feel all that motivated to support this clown's spawn.

And if you think that somehow ole Gordon was handed his success. I challenge you to drive down Washington Ave in Lancaster Ohio. Even better walk the street at night time.

That's where Gordon grew up. It's basically a couple of steps in front of Detroit.

But I'm not exceptional. I just did the following things above and I made it. Unlike the excrement who came into my office breeding like rabbits wondering where the money is going to come from to buy their cigarettes.

Once again, I challenge the liberal out there to tell me exactly how much I should pay to support this derelict's kids?

I know there are liberals who read this blog. I get way too many hits from college campuses to believe they're all closet conservatives.

So tell me punk...... how much is enough?

American arrogance

If you are on a diet, watch this video. You'll be nauseated through your next meal....

But I thought those Wall Street guys were republicans

If rpublicans are the beneficiaries of big dollar Wall Street types, how do so many end up in the democrats back pockets.....

Top White House economic adviser Lawrence Summers received about $5.2 million over the past year in compensation from hedge fund D.E. Shaw, and also received hundreds of thousands of dollars in speaking fees from major financial institutions.

A financial disclosure form released by the White House Friday afternoon shows that Mr. Summers made frequent appearances before Wall Street firms including J.P. Morgan, Citigroup, Goldman Sachs and Lehman Brothers. He also received significant income from Harvard University and from investments, the form shows.

My bullshit meter tells me that if this were a Bush appointee, we'd hear more about it.


That ain't no way to treat a union, no way

Hey we're talking about the democratic manifesto here; the NY Times.....

The New York Times [NYT] Company has threatened to shut down the Boston Globe if the paper doesn’t come up with $20 million in cuts within 30 days in a dramatic act of brinksmanship at the beleaguered broadsheet.

The new draconian demands come just days after the latest round of layoffs at the Globe.

A report and two sources with direct knowledge said the Globe’s out-of-town corporate masters have presented the unions with a stark and painful choice: Agree to massive cuts within a month or face closure.


Global Warming Challenge Score

The month of March was good for the Branch Gorevidians in their quest to prove that global warming exists and that it's just not believed on blind faith....

The average high temperature for March, 2009 - 58.1 degrees
The average historical high for March - 53.9 degrees

The average low temperature for March, 2009 - 36.6 degrees
The average historical low temperature for March - 33.8 degrees

That put the warming cause up 4 points to 2.

Friday, April 03, 2009

Whose fault is credit crunch Mr Obama?

Where's the teleprompter?

If you can't get it. Here's the link

Democratic corruption du jour

Everyone's got their big boy undies in a bunch over the AIG bonuses but nary a peep of anyone talking about that democratic mill over at Fannie Mae...........

From the WSJ

In a compensation program that has drawn angry protests from politicians, Fannie Mae and Freddie Mac expect to pay about $210 million in retention bonuses to 7,600 employees over 18 months, according to a letter from the mortgage companies' regulator to Sen. Charles Grassley.

The maximum retention bonus for any individual executive under the plan will total $1.5 million during the 18 months ending in early 2010, according to the letter, which provides previously undisclosed details about the bonuses. The regulator, James Lockhart, director of the Federal Housing Finance Agency, said in a letter to the Iowa Republican senator that ...

HT Jammie Wearing Fool

Detroit (Brightmoor) 2009

It's just not Michigan's day

British CSI

Another Friday Funny

Rated R for extreme sexual innuendo

Blame Bush!!!

Ahhhhh.....The great state of Michigan....

Scattershot efforts to stem the tide of moving vans, from street repaving in Cadillac to a Web site in Detroit, have so far failed to slow the Michigan Exodus.

About 109,000 more people left Michigan than moved in last year, quadruple the loss of seven years ago. Many of those are young, college-educated workers, exactly the kind of people Michigan needs to rebuild.

"We're up against a strong headwind," said Liz Boyd, press secretary to Gov. Jennifer Granholm. "The governor has made it very clear how challenging it is when you have an economy based for a hundred years on one industry, and you have changes that have impacted (that) industry."

If you are a liberal you know what you need to keep these people from fleeing?

A tax increase....

Here's the sick part of democratic rule. Democrats are excellent at taking over an area; turning it into an absolute cesspool and then using the cesspool as excuse for continuing their rule.

As I remember Charles Barkley once saying. "Geez, we keep voting for democrats and we keep being poor. Maybe we ought to vote for someone else."


Because we all know it's Bush's fault.


Friday Funny

This is classic Flight of the Conchords

Life in "Progress" City

Today, it's the fine city of Detroit, who hasn't had a republican mayor Since Eisenhower was president...

When selecting the best raccoon carcass for the special holiday roast, both the connoisseur and the curious should remember this simple guideline: Look for the paw.

"The paw is old school," says Glemie Dean Beasley, a Detroit raccoon hunter and meat salesman. "It lets the customers know it's not a cat or dog."

Beasley, a 69-year-old retired truck driver who modestly refers to himself as the Coon Man, supplements his Social Security check with the sale of raccoon carcasses that go for as much $12 and can serve up to four. The pelts, too, are good for coats and hats and fetch up to $10 a hide.

While economic times are tough across Michigan as its people slog through a difficult and protracted deindustrialization, Beasley remains upbeat.

Where one man sees a vacant lot, Beasley sees a buffet.

What's so "progressive" about citizens eating road kill?


Thursday, April 02, 2009

G-20 Summit: Family Photo

Nice to see an American president bow to Saudi royalty

Life in a "Progressive" state

The state of Michigan, watching people leave in numbers not seen since the Exodus.....

Cathy Owens desperately wants to join the Michigan residents who have fled the state. But the deflating economy that makes her want to leave is the same force that keeps her here.

Flooded with job offers elsewhere but stuck with a condominium worth $50,000 less than she owes, the 37-year-old Pontiac woman is the mirror image of Michigan's almost half-million recession refugees -- an economic prisoner with no chance for parole anytime soon.

"It's one thing to not be able to find a job," said Owens, an education consultant. "It's another to have to turn down great opportunities because you can't sell your house."

As bad as Michigan's exodus has become, it could be even worse if thousands of frustrated homeowners like Owens could leave. Residents trying to escape Michigan's hard times today are finding their path to the border more difficult than those who left in recent years. Jobs in other states, plentiful through much of Michigan's recession, are drying up. And those who find jobs elsewhere often struggle to sell their Michigan homes.


O'bama @ Notre Dame.

I'm a non-practicing Catholic. So I couldn't care less who Notre Dame decides to invite to their commencement address. They could invite Charles Manson or Bill Ayers for all I care. it's their university, not mine. I'm one of the few people who still understand the clause in the Constituion on the right to assemble.

What I find curious is the outrage of some Catholics to his appearance.

Let's face some facts.

If all Catholics had voted against Obama, he wouldn't be president today.

If his stance on abortion is the sole reason he shouldn't speak, then I think you'd better get the Catholic flock in agreement on the issue. Because you still have Nancy Lollapelosi, John Kerry et al throwing the abortion issue right in the face of the church and yet the church has yet to excommunicate them. If this issue is so important (which, for the record, I think it is) then why isn't the church enforcing "the law"?

If Catholics don't feel his abortion stance isn't a deal breaker to be president, then it shouldn't be a deal breaker to speak at a commencement address.

Abortion is a big deal for most people of faith. Unfortunately, it's not enough of an issue to keep people of faith from voting for these bogus religious people. Until that changes, these protests look petty and won't change a damn thing until the faithful quit electing these clowns.

Article here

Life in "Progress" City

This time it's the city of Pittsburgh, who hasn't had a republican mayor in 70 YEARS!!!!
A mother in Pennsylvania has been charged with giving her 13-year-old daughter drugs and alcohol so the woman's boyfriend could get the girl pregnant, police said Thursday.

Shana Brown, 32, is no longer able to have children but wanted to have a baby with her current boyfriend, Duane Calloway, said Uniontown Police Det. Donald Gmitter. The pair decided to drug the girl so Calloway, 40, could have sex with her without her knowledge, he added.

"There's some sick people on this case," Gmitter said.

Brown has been charged with endangering the welfare of a child and was to turn herself into police later Thursday, Gmitter said. Brown's attorney did not immediately return a call for comment.

Calloway faces several counts of attempted rape. He was arrested Wednesday and remains in Fayette County Jail.

The three incidents occurred in Brown's home in Uniontown in western Pennsylvania, according to the criminal complaint.

The girl told police the plot was apparently hatched sometime in December after she rejected her mother's proposal that she allow Calloway to impregnate her and then marry him.

Now let me ask this question. Why would a mother try to get her 13 year old daughter knocked up. If you answered welfare, you'd probably be right.

You know if these people had to spend their time looking for jobs, they'd have less time laying around coming up with great ideas like how to knock up little Suzy.

What's so "progressive" about raping a thirteen year old?

More here if you can stomach it........

Life in "Progress" City

I'd like Ms. "Progressive" to answer this question for me.

Apparently, the only thing wrong with public schools is the amount of money they have. If that is the case, if I gave you a million dollars how would you spend it to prevent this.....
Cincinnati police are investigating an allegation that a 12-year-old boy attacked a girl last month in a classroom at John P. Parker School in Kennedy Heights, pulling up her skirt and violently mimicking rape in front of a substitute teacher who didn’t intervene.

According to the victim’s mother and police reports, the boy, a fifth-grader, was roaming the halls the afternoon of March 19 when he entered the the sixth-grade victim’s class. Other boys egged on the boy to “rape” the victim, and he grabbed her and began “hunching,” a slang term for aggressive humping.

He stopped only after his older sister pulled him off, the mother said.

What's so "progressive" about simulated rape in a sixth grade class?


Life in "Progress" City

Here in the "Progressive" city of Cincinnati, this what you have to do to get the pimps, whores, and drug dealers out of your neighborhood.....

Westwood activists frustrated by a vacant house they said drew drugs and prostitution boarded it up themselves Wednesday – finishing just as a call from a police contact warned them they were trespassing and should leave.

Hours before, a city-paid contractor boarded up the house at 2186 Harrison Ave., having been ordered to do so after city officials learned of the activists’ plans and invitations to the media. But Mary Kuhl and others from Westwood Concern said when they arrived, they found just a small board over a window in the door and two doors padlocked.

So the police have time to go out and bust the heads of law abiding citizens trying to clean up their neighborhood but don't have the time to clean up the dirt bags and derelicts who dwell in this place.

That's what I call efficient government.

What's so "progressive" about crack houses?


Williams on slavery

Walter Williams on how our tax code is essentially slavery warmed over.....
Do you believe that it is moral and just for one person to be forcibly used to serve the purposes of another? And, if that person does not peaceably submit to being so used, do you believe that there should be the initiation of some kind of force against him? Neither question is complex and can be answered by either a yes or no. For me the answer is no to both questions but I bet that your average college professor, politician or minister would not give a simple yes or no response. They would be evasive and probably say that it all depends.

In thinking about questions of morality, my initial premise is that I am my private property and you are your private property. That's simple. What's complex is what percentage of me belongs to someone else. If we accept the idea of self-ownership, then certain acts are readily revealed as moral or immoral. Acts such as rape and murder are immoral because they violate one's private property rights. Theft of the physical things that we own, such as cars, jewelry and money, also violates our ownership rights.

The reason why your college professor, politician or minister cannot give a simple yes or no answer to the question of whether one person should be used to serve the purposes of another is because they are sly enough to know that either answer would be troublesome for their agenda. A yes answer would put them firmly in the position of supporting some of mankind's most horrible injustices such as slavery. After all, what is slavery but the forcible use of one person to serve the purposes of another? A no answer would put them on the spot as well because that would mean they would have to come out against taking the earnings of one American to give to another in the forms of farm and business handouts, Medicare, Medicaid, food stamps and thousands of similar programs that account for more than two-thirds of the federal budget. There is neither moral justification nor constitutional authority for what amounts to legalized theft. This is not an argument against paying taxes. We all have a moral obligation to pay our share of the constitutionally mandated and enumerated functions of the federal government.

Unfortunately, there is no way out of our immoral quagmire. The reason is that now that the U.S. Congress has established the principle that one American has a right to live at the expense of another American, it no longer pays to be moral. People who choose to be moral and refuse congressional handouts will find themselves losers. They'll be paying higher and higher taxes to support increasing numbers of those paying lower and lower taxes. As it stands now, close to 50 percent of income earners have no federal income tax liability and as such, what do they care about rising income taxes? In other words, once legalized theft begins, it becomes too costly to remain moral and self-sufficient. You might as well join in the looting, including the current looting in the name of stimulating the economy.

Amen brother..............


Deep Thoughts

Deep Thoughts by Gordon Gekko

Yesterday I heard a number of talking heads challenging the constitutionality of pay limits on bank employees. But how is that any different from mandatory minimum pay to employees?


Wednesday, April 01, 2009

Taxpayers Kicked Out Of Capitol During Tax Debate- Iowa

Cavuto Slams Rep. Alan Grayson (D-FL) Over Bill to Restrict Worker's Pay

Introducing the Government-Backed DMV Automotive Repair Center!

Welcome to socialized medicine

From Austin TX.....

In the past six years, eight people from Austin and one from Luling racked up 2,678 emergency room visits in Central Texas, costing hospitals, taxpayers and others $3 million, according to a report from a nonprofit made up of hospitals and other providers that care for the uninsured and low-income Central Texans.

One of the nine spent more than a third of last year in the ER: 145 days. That same patient totaled 554 ER visits from 2003 through 2008.

"We looked at frequent users of emergency departments ... and that's the extreme," said Ann Kitchen, executive director of the Integrated Care Collaboration, the group that presented the report last week to the Travis County Healthcare District board. "What we're really trying to do is find out who's using our emergency rooms ... and find solutions."

I know of an individual on medicaid who calls the emergency squad for a ride to an emergency room. Once there he walks to the bar across the street.


R U kidding me

Hey O when I was talking about taking those velcro wallets over to the G-20 meetings, I was joking!!!!!!!!

Barack Obama met the Queen at Buckingham Palace today and gave her a gift of an iPod loaded with video footage and photographs of her 2007 United States visit to Richmond, Jamestown and Williamsburg in Virginia. In return, the Queen gave the President a silver framed signed photograph of herself and the Duke of Edinburgh - apparently a standard present for visiting dignitaries.

An iPod? Man, you should have gone with the whoopie cushions.

Article here

Obama lied? - get outta here

No tax increases for anyone making $250,000 a year, right?

"No one making less than $250,000 under Barack Obama's plan will see one single penny of their tax raised," Joe Biden said, "whether it's their capital gains tax, their income tax, investment tax, any tax."

The Democratic campaign used such statements to counter Republican assertions that Obama would raise taxes in a multitude of direct and indirect ways, recalled Kathleen Hall Jamieson, director of the Annenberg Public Policy Center at the University of Pennsylvania.

"I think a reasonable person would have concluded that Senator Obama had made a 'no new taxes' pledge to every couple or family making less than $250,000," she said.

Jamieson noted GOP ads that claimed Obama would raise taxes on electricity and home heating oil. "They rebutted both with the $250,000 claim," she said of the Obama campaign, "so they did extend the rebuttal beyond income and payroll."

Government and private research has found that smoking rates are higher among people of low income.

A Gallup survey of 75,000 people last year fleshed out that conclusion. It found that 34 percent of respondents earning $6,000 to $12,000 were smokers, and the smoking rate consistently declined among people of higher income. Only 13 percent of people earning $90,000 or more were smokers.

Wait until all those poor people get hit with those cap and trade taxes on their utility bills


I can hear the jobs moving overseas

One of the reasons the rest of the world loves Obama is that they're almost assured of getting more jobs relocating to their countries if Team Obama gets their way......

The chairman of the world's largest consumer products maker says a provision in President Barack Obama's budget proposal regarding income made overseas would cost American jobs and give foreign businesses an unfair advantage.

A.G. Lafley, chief executive officer of the Procter & Gamble Co., said a proposal to limit or end deferred payment of taxes on foreign income would lead to job cuts and higher prices for American consumers and would cost companies billions.

U.S. companies now are allowed to defer payment of taxes on foreign income until those funds are brought back into the country. Requiring immediate payment of taxes would give an edge to foreign competitors, such as L'Oreal, Unilever, Nestle and Kao, Lafley said.

In a guest column in Sunday's editions of The Cincinnati Enquirer, Lafley decried "the unintended consequences of a proposal that may sound good on the surface but could undermine American companies, workers and consumers."

"At P&G, we support efforts by the Obama administration and Congress to promote job growth, improve infrastructure and invest in innovation," Lafley wrote. "And we take our responsibility as an American corporate citizen seriously. We dutifully pay among the highest corporate tax rates in the world as a U.S.-based company.

"We also understand the need to produce new revenue to help pay for economic stimulus plans designed to produce or preserve jobs. But if the budget proposal to eliminate tax 'deferral' is adopted, it would have the opposite effect."


First, they came for the rednecks.....

Clearly, a shot over the bow of Obama haters......

In a move sure to spark outrage, the White House announced today that GM and Chrysler must cease participation in NASCAR at the end of the 2009 season if they hope to receive any additional financial aid from the government. Companies around the globe—Honda and Audi, to name two—have drawn down racing operations, and NASCAR itself has already felt the pinch in the form of reduced team spending. A complete withdrawal from America’s premier racing series is expected to save more than $250 million between GM and Chrysler, a substantial amount considering the drastic measures being implemented elsewhere.

“Automakers used to operate on the principle of ‘win on Sunday, sell on Monday,’ but the Auto Task Force’s research just doesn’t validate that as true,” said the statement from President Obama. While fans have decried the Car of Tomorrow for heavily limiting what little personalization the cookie-cutter series had previously allowed to participating manufacturers, and drivers have slammed its brick-like aerodynamics and unpredictable handling, even the governmental oversight committee sees that the full-scale regulation of the cars leaves the manufacturers very little space for research and development. “NASCAR is a racing series that regulates down to the smallest detail of the cars, where a car badged a Chevrolet or Dodge differs only marginally from a Ford or a Toyota. There’s no technological development to speak of.”

The statement goes on further to say the same demand will be made of Ford if it asks for government assistance. “In order to receive this money, corporations must demonstrate they will spend it wisely. Racing has been said to improve on-road technology, but frankly, NASCAR almost flaunts its standing among the lowest-tech forms of motorsport. NASCAR is not proven to drive advancements that transfer from the racetrack to the road, and this nation’s way forward does not hinge on decades-old technology. We need new, and we need innovation.”

The President realizes this will be an unpopular call, but stands behind the decision, saying, “This is an obvious cut to make, but it is not an easy one. This administration is not ignoring the tremendous sentimental value and emotional appeal NASCAR holds for so many Americans. But now is not the time for sentiment and nostalgia; now is a time for decisive financial action. If our automotive industry is to emerge from this recession intact, then these difficult decisions must be made.”

Wait until Jr. has to make all those left turns in a Hyundai. There could be riots in the south.


Follow up. This post was the victim of an April Fool's joke. I bit hook line and sinker on this one.

That was the best I fell for since the Sports Illustrated Sidd Finch joke.

Tuesday, March 31, 2009

Obama illusion


Catch more at iowntheworld

Democratic corruption du jour

Today it's Kathleen Sebelius
Kathleen Sebelius, President Obama's nominee to become Health and Human Services secretary, said in a letter obtained by the Associated Press that she made "unintentional errors" on her taxes and has corrected her returns from three different years.

In the letter, which was sent to senators and dated today, Sebelius wrote that she had made changes related to charitable contributions, business expenses and the sale of a home, according to the AP.

The wire service reports that she and her husband paid just over $7,000 in back taxes, along with $878 in interest, for the years 2005-2007.

Tom Daschle, the president's first HHS nominee, previously withdrew from consideration over tax issues, as did chief performance officer nominee Nancy Killefer.

Treasury Secretary Timothy Geithner, US Trade Representative Ron Kirk and Labor Secretary Hilda Solis, meanwhile, were confirmed despite issues related to their taxes.

She must have read the Tim Geithner's Book of Tax Evasion (and still get the government job you want).


The Big O lands in Europe

Our first European President is back in the area that loves him so.

Fortunately, he's not bringing those tacky videos for gifts again. This time, he's loaded with lots of good gifts for the G-20 leaders like a velcro wallets, cigarette loads, painter's caps, beer coozies, whoopie cushions, and Henny Youngman CD's.

And we want these guys to run health care?

About thirteen years ago, I worked in banking.

Now I don't think sound commercial lending activities have changed in those years but consider what the bank of Obama has done with the auto industry.

First, if you have a debtor experiencing financial hardship, you don't loan them more money. In this case, many financial experts were banging the drum for GM to file bankruptcy as a way to finally reorganize all of it's labor agreements, supplier contracts, etc.

Not good enough for The First National Bank of Obama. They loaned these guys 20 billion plus with no identifiable means of future repayment. It's the equivalent of loaning an unemployed worker money for a car.

Second, within 90 days of pumping a billion dollars into GM, they're suggesting that GM pursue a reorganization.


What the hell was your end game here? You didn't have the foresight to see that the company didn't have the wherewithal to produce millions of Volts in the next ninety days for sale?

A prudent banker knows his end game. You don't loan to a company without having a primary, secondary and tertiary source of repayment identified. You sure as hell don't loan someone more money when you know that bankruptcy is imminent.

Third, banks will never call for a change in management when a company is financial distress. Why? Because other creditors could claim the bank is now running the business and could be on the hook to the other creditors claims.

What generally happens is that the bank (along with the other creditors) will push the company into bankruptcy. The bankruptcy trustees will call the shots on management (ie determining whether the management can be effective under the existing credit restraints). If the trustees think there needs to be new management, they'll call for it.

The First ACORN National Bank of Obama just started business with a 20 billion dollar charge off.

You think they'll run healthcare any better?

He just wanted to be promoted

From an Anonymous commenter; this is rich.....
An Internal Revenue Service agent who audits taxpayers in California has agreed to plead guilty to cheating on his own taxes.

In a plea agreement filed Monday in Orange County, 43-year-old Jim H. Liu (LOO) of Diamond Bar admitted that he filed a tax return claiming a loss on a real estate transaction when he in fact saw a large profit.

He pleaded guilty to one federal count of subscribing to a false tax return, a charge that carries a penalty of up to three years in prison.

According to the plea agreement, Liu sold a property in Pomona in 2002 for a profit of more than $48,000, but reported a loss of $4,200 on his taxes.

The tax loss to the government was more than $14,000.

Give the guy a break.... He was just practicing for his Treasury Secretary vetting.

Article here


If you are a hard working, taxpayer (aka a republican) please join me at Willie's in Kenwood at 6:00 pm for the beginning of my post tax season bender.

I haven't had a drink since Lent started and I'm getting thirsty.

Tim Geithner nor the new CEO of GM, Vinnie Obama, are invited. So you'll be able to enjoy a cold one without someone trying to pick pocket your wallet.

Get off my license plates

For once, I'm in agreement with the pro baby killers.
Tim Kaine, the Virginia governor and President Barack Obama's hand-picked choice as the head of the Democratic National Committee, infuriated abortion-rights groups Monday by signing legislation that gives abortion foes a long-sought victory.

Kaine brushed off intense lobbying by abortion rights supporters in Richmond to sign a bill that allows Virginia motorists to advertise their anti-abortion views by sporting "Choose Life" specialty license plates.

I hate all these license plate and their messages. Why? because the state gets to pick who the winners and losers are for all the charities out there.

Here's an idea. If you are pro life, throw all the pro-life bumper stickers on your car the way those pro-abortion skanks load up their 1988 Nissan with their COEXIST stickers.

I went into the license bureau the other day to get tags and the clerk asked if I want to give $1.00 to feed the children or some crap like that. Of course, I said no. Why?

1) I don't like feeling pressured into giving to any charity. I'm sure everyone behind me thought I was a big time asshole because I wouldn't spare a buck for some starving kid on a Sally Struther's commercial.

2) Why this charity? There are millions of quality charities in the world but the state of Ohio chose this particular one? Why? When the state starts supporting my "Free Beer for Midgets" campaign, I'll start upgrading my plates.

3) I like to do crazy shit.... things that liberals would never dream of..... like actually writing a check to the charities I believe in. I don't need to feel good because I dropped a quarter in the Ronald McDonald House bucket or a buck in the state of Ohio BMV. I actually support charities.

4) License plates should be there for identifying a vehicle; nothing more. I can't wait to see a cop show where the detective asks "did you get a plate number?" "No, but the driver supports UCLA and Childhood Vaccinations."

So the next time you see an Acura RDX, with a plain license plate, blowing by you and cutting you off, you'll know it's me. Flip me off accordingly.


Socialism in the Obama age

NRO has a great piece analyzing the speech of the Narcissist in chief......

I think our president needs to invest more in the use of the third-person "government," since his speeches more and more center on the narcissistic "I" and "me." Even the car-takeover speech was "I-ed" to death. E.g.

My Auto Task Force

And so today, I am announcing that my administration will...

In this context, my administration will offer General Motors adequate working capital over the next 60 days. During this time, my team will be working closely with GM to produce a better business plan.

I am committed to doing all I can to see if a deal can be struck...

Now, I know that when people even hear the word "bankruptcy" it can be a bit unsettling, so let me explain what I mean. What I am talking about is..

What I am not talking about is a process where a company is broken up, sold off, and no longer exists. And what I am not talking about is having a company stuck in court for years...

It is my hope that the steps I am announcing...

let me say it as plainly as I can ...

I'm directing my team to take several steps.

I want to work with Congress to identify parts of the Recovery Act..

I am designating a new Director of Recovery for Auto Communities and Workers...

And on and on . . .

C'mon, when you're The Messiah, you get to take some credit, don't you? Besides, he's only saying what the teleprompter tells him to say.


Prince J

This is hilarious when you know that El Prince Bo has an exclusive deal with Target to sell his CD.

I guess capitalism only sucks when it's the other guy who gets his.

Monday, March 30, 2009

Central Control

He's not running GM he's just going to make sure the guy he hires runs it the way he wants.....

The NY Times spikes a story

So the NY Times spike an Obama/ACORN story. I'm sure they needed the column inches to report that Sarah Palin likes to go on White Castle benders.....
A lawyer involved with legal action against Association of Community Organizations for Reform Now (ACORN) told a House Judiciary subcommittee on March 19 The New York Times had killed a story in October that would have shown a close link between ACORN, Project Vote and the Obama campaign because it would have been a “a game changer.”

Heather Heidelbaugh, who represented the Pennsylvania Republican State Committee in the lawsuit against the group, recounted for the ommittee what she had been told by a former ACORN worker who had worked in the group’s Washington, D.C. office. The former worker, Anita Moncrief, told Ms. Heidelbaugh last October, during the state committee’s litigation against ACORN, she had been a “confidential informant for several months to The New York Times reporter, Stephanie Strom.”

Ms. Moncrief had been providing Ms. Strom with information about ACORN’s election activities. Ms. Strom had written several stories based on information Ms. Moncrief had given her.

During her testimony, Ms. Heidelbaugh said Ms. Moncrief had told her The New York Times articles stopped when she revealed that the Obama presidential campaign had sent its maxed-out donor list to ACORN’s Washington, D.C. office.

Ms. Moncrief told Ms. Heidelbaugh the campaign had asked her and her boss to “reach out to the maxed-out donors and solicit donations from them for Get Out the Vote efforts to be run by ACORN.”

Ms. Heidelbaugh then told the congressional panel:

“Upon learning this information and receiving the list of donors from the Obama campaign, Ms. Strom reported to Ms. Moncrief that her editors at The New York Times wanted her to kill the story because, and I quote, “it was a game changer.”’

Yeah, i just can't understand why "mainstream" media outlets are swirling down the toilet bowl...

Eating their own

From USA Today...........
Sometimes even unions have union problems.

Dozens of employees of the Service Employees International Union picketed their own union Friday over its decision to lay off about 75 workers.

The staffers marched outside SEIU headquarters in Washington as they yelled into bullhorns, passed out fliers and chanted, "Justice for all, not just some."

"This union is supposed to be at the forefront of the progressive movement, but it can't seem to follow its own ideology," said Malcolm Harris, president of the Union of Union Representatives, which represents 210 SEIU organizers and field staff around the country.

The UUR has filed unfair labor practice charges and age and race discrimination claims against SEIU. Harris called SEIU leaders "hypocrites" for calling out corporations that shed workers, yet moving to lay off their own employees.

Kettle meet Pot. It's classic Animal Farm


Vinnie Obama, loan shark

So people are aghast that Team Obama is forcing the resignation of the GM CEO. Huh?

Let me make sure I've got this right. You whore yourself to the federal government and you're surprised the pimp beats you silly?

I'm not surprised. And, apparently, some republican governors aren't surprised either.


Deep thoughts

Deep Thoughts by Gordon Gekko.....

When people speak why do they always make that quotation gesture with their hands? Why don't they gesture for other punctuation marks like question marks or semi-colons?


Why democrats can't govern

Jonathon Chait, a lefty from The New Republic, wonders why democrats can't govern........

The last Democrat who held the White House, Bill Clinton, saw the core of his domestic agenda come to ruin, his political support collapse, and his failure spawn a massive Republican resurgence that made progressive reform impossible for a decade to come. The Democrat who last held the White House before that, Jimmy Carter, saw the exact same thing happen to him.

At this early date, nobody can know whether or not Barack Obama will escape this fate. But the contours of failure are now clearly visible. In Obama's case, as with his predecessors, the prospective culprit is the same: Democrats in Congress, and especially the Senate. At a time when the country desperately needs a coherent response to the array of challenges it faces, the congressional arm of the Democratic Party remains mired in fecklessness, parochialism, and privilege. Obama has made mistakes, as did his predecessors. Yet the constant recurrence of legislative squabbling and drift suggests a deeper problem than any characterological or tactical failures by these presidents: a congressional party that is congenitally unable to govern.

Let me offer this metaphor. See, life looks a lot different when you're a teenager objecting to everything the responsible parent governs; curfew, homework, diet, etc.

But when you get older and strap on the big girl panties, things look quite different.

Just look at the card check shenanigans. When democrats were in the minority, it was easy to squeeze the unions for money on the promise that they'd get it done for them when the democrats were in the majority. Now they have it and they realize what a tremendous job killer this legislation is.

Even lefties like Diane Feinstein are starting to back away from this legislation.

For what it's worth, the same thing holds true for republicans. Around election time they tease us with their conservative diarrhea of the mouth but when they're actually in office you can't find a conservative proposal anywhere, (see John McCain and George Rinovich).

In fact, the worst nightmare for some of the "pro life" republicans is the day the court throws the issue back to the legislature. It will look like cockroaches scattering. See, it's easy to be pro life, there's no down side outside of losing the bra burner vote; and they'll never vote for a republican in the first place.

But how many of these clowns would truly cast a anti abortion vote if they knew it would end abortions?