Barack Obama’s AIGita – Reckless Games, Part I

Barack Obama, Chrisy Dodd, Timmy Geithner, are small boys playing grownup. The Obama, Dodd, Geithner Dimocrat games are leading Americans to unprecendented disaster.

“When small men begin to cast big shadows, it means that the sun is about to set.” — Lin Yutang

* * * * *

A sign of a setting sun is economic irresponsibility and a la-di-da attitude towards fiscal responsibility. When the government money printing presses run without discipline, inflation – a nation killer – is sure to follow. Those who disparage fiscal responsibility by chanting “Keynes” or “deficit hawk” should remember that the Fed is not the only institution dumping trillions into the economy. Yesterday the printing presses went into overdrive printing money:

The Federal Reserve sharply stepped up its efforts to bolster the economy on Wednesday, announcing that it would pump an extra $1 trillion into the financial system by purchasing Treasury bonds and mortgage securities.

Having already reduced the key interest rate it controls nearly to zero, the central bank has increasingly turned to alternatives like buying securities as a way of getting more dollars into the economy, a tactic that amounts to creating vast new sums of money out of thin air. But the moves on Wednesday were its biggest yet, almost doubling all of the Fed’s measures in the last year.

The little boys who cast big shadows in a setting sun high-five each other and jump for joy because they are having fun in destruction:

But there were also clear indications that the Fed was taking risks that could dilute the value of the dollar and set the stage for future inflation. Gold prices rose $26.60 an ounce, hitting $942, a sign of declining confidence in the dollar. The dollar, which had been losing value in recent weeks to the euro and the yen, dropped sharply again on Wednesday. [snip]

All these measures would come in addition to what has already been an unprecedented expansion of lending by the Fed. The central bank also said it would probably expand the scope of a new program to finance consumer and business lending, which gets under way this week.

In effect, the central bank has been lending money to a wider and wider array of borrowers, and it has financed that lending by using its authority to create new money at will.

Since last September, the Fed’s lending programs have roughly doubled the size of its balance sheet, to about $1.8 trillion, from $900 billion. The actions announced on Wednesday are likely to expand that to well over $3 trillion over the next year.

The little boys casting big shadows in the setting sun high-five each other for their mud-pies which are not edible:

Jan Hatzius, chief economist at Goldman Sachs, said the Fed had adopted a “kitchen sink” strategy of throwing everything it had to jolt the economy out of its downward spiral.

But while Mr. Hatzius applauded the decision, he cautioned that the central bank could not solve the economy’s problems by expanding cheap money.

“Even if the Fed could make interest rates negative, that wouldn’t necessarily help,” Mr. Hatzius said. “We’re in a deep recession mainly because the private sector, for a variety of reasons, has decided to save a lot more. You can have a zero interest rate, but if you just offer more money on top of the money that is already available, it doesn’t do that much.”

Fed officials have been wrestling for months with the fact that lenders remain unwilling to lend and borrowers are unwilling or unable to borrow. Even though the Fed has been creating money at the fastest rate in its history, much of that money has remained dormant.

The Fed’s action is an expansion of its effort to bypass the private banking system and act as a lender in its own right.

These dangerous actions by the Fed will not restore confidence. The little boys do not know what they are doing. The little boys only impress themselves with their reckless games.

It will get worse:

With new estimates due Friday from the Congressional Budget Office, the White House is being warned to expect a grim set of deficit projections, adding well over $1 trillion on top of the red ink already conceded in President Barack Obama’s 10-year spending plan.

Refusing to be swayed by the numbers, top aides to the president met Wednesday evening in the Capitol with House Democratic allies on moving the plan ahead, including an effort to use expedited budget procedures to advance Obama’s healthcare initiative past Senate filibuster threats.

But New Hampshire Sen. Judd Gregg, the ranking Republican on the Senate Budget Committee, warned that the growing debt burden reflected in CBO figures is too big to be easily dismissed. “The CBO re-score is going to be an eye-opening event for a lot of people who want to finesse this,” Gregg told POLITICO. “You cannot finesse the coming fiscal calamity we are facing, the size of the debt in the out years and the size of the deficit in the out years.”

Gregg refused to discuss any of the CBO estimates. But behind the scenes, Senate Budget Committee Chairman Kent Conrad (D-N.D.) has begun to aggressively raise warnings with the administration and his colleagues about the data.



Obama has AIGita not because of those $100 a pound steaks he is now eating. Obama has AIGita because he is afraid the American people will wake up and stop his plans to spend, spend, spend.

It will get much worse:

In 2014, at which point the White House projects a deficit of $570 billion, it’s now expected that CBO will show a number in excess of $700 billion. Five years later, in 2019, Obama’s budget concedes that the deficit will have widened to $712 billion; Democrats expect CBO to put the number over $1 trillion.

The cumulative impact could be substantial. The White House has already conceded that the Obama budget will produce deficits of about $6.9 trillion over 10 years. If the CBO projections were to add in the range of $1.5 trillion more, as some Democrats expect, that would be more than a 20 percent increase and would surely affect debate in Congress.

Reckless games by little boys casting big shadows in a setting sun.

* * * * *

Who are these little boys playing reckless games?

Senator Chris Dodd:

Yesterday many Big Blogs tried to defend Chris Dodd. By the end of the day Chris Dodd admitted that he had pretty much lied when he feigned lack of knowledge as to who put the bonus language into the “stimulus” scam.

Senate Banking committee Chairman Christopher Dodd told CNN’s Dana Bash and Wolf Blitzer Wednesday that he was responsible for adding the bonus loophole into the stimulus package that permitted AIG and other companies that received bailout funds to pay bonuses.

On Tuesday, Dodd denied to CNN that he had anything to do with the adding of that provision.



It’s an out and out lie by Chris. On Tueday he denied he did it, on Wednesday he admitted he did it.

Senate Banking committee Chairman Christopher Dodd told CNN Wednesday that he was responsible for language added to the federal stimulus bill to make sure that already-existing contracts for bonuses at companies receiving federal bailout money were honored. [snip]

Dodd acknowledged his role in the change after a Treasury Department official told CNN the administration pushed for the language. [snip]

“The administration had expressed reservations,” Dodd said. “They asked for modifications. The alternative was losing the amendment entirely.”

On Tuesday, Dodd denied to CNN that he had anything to do with adding the language, which has been used by officials at bailed-out insurance giant AIG to justify paying millions of dollars in bonuses to executives after receiving federal money.

Chris Dodd lied and Big Blogs that persist in defense of Dodd harm themselves. Dodd, on Tuesday, did not know who added the language, on Wednesday, as the heat grew so did his truthtelling. Yes, the Obama administration wanted the language Dodd inserted but Dodd lied to the nation when he denied on Tuesday he had nothing to do with the added language.

We know it was a “Treasury official” that insisted on the bonus language. The point is Dodd complied with the request and later lied to the nation when he stated he had no idea who had done such a thing. We do not defend the Obama thugs who inserted the language but neither do we excuse Chris Dodd and his lies.

Dodd told a lie on Tuesday. On Wednesday, he confessed:

Dodd just admitted on CNN that he inserted a loophole in the stimulus legislation that allowed million-dollar bonuses to insurance giant AIG to go forward – after previously denying any involvement in writing the controversial provision.

“We wrote the language in the bill, the deal with bonuses, golden parachutes, excessive executive compensation that was adopted unanimously by the United States Senate in the stimulus bill,” Dodd told CNN’s Wolf Blitzer this afternoon.

“But for that language, there would have been no language to deal with this at all.”

Dodd had previously said that he played no role in writing the controversial language, and was not a part of the conference committee that inserted the language in the bill. As late as today, Dodd’s spokeswoman denied the senator’s involvement. [snip]

Dodd’s role in the legislation will likely come up as he faces the likelihood of a tough re-election. Former GOP congressman Rob Simmons announced he was running this week, and has already taken issue with Dodd’s stewardship as chairman of the Senate Banking Committee.



We have no sympathy for Chris Dodd. Perhaps it is because of his anti-democratic, anti-Democratic, attempts to shut down voting and attack Hillary during the primaries. We remember when Chris Dodd played his reckless games with Democrats:

Look, we’ve got five more months to go before the Democratic convention at the end of August and, candidly, we cannot go five more months with the kind of daily sniping that’s going on and have a candidate emerge in that convention. My hope is that it will be Barack Obama, but if it’s Hillary Clinton, she too will suffer, in my view, from this kind of a campaign that I think is undermining the credibility and the quality of the two candidates that we have. We have two very strong candidates. So I’m worried about this going on endlessly and to a large extent, Linda, the media, a lot of these cable networks, are enjoying this. It’s what is keeping them alive financially. The fact that this thing is going on forever, back and forth every day, all night — I don’t think it’s really helping the candidates or the political institutions. [snip]

Dodd: Well, the solution is — look, we’ve got a contest coming up in Pennsylvania and one in North Carolina and Indiana very quickly afterwards. In my view, the outcome of those three races will determine — I think the race has been determined, anyway, at this point. I think it’s very difficult to imagine how anyone can believe that Barack Obama can’t be the nominee of the party. I think that’s a foregone conclusion, in my view, at this juncture given where things are.

But certainly over the next couple of weeks, as we get into April, it seems to me then, that the national leadership of this party has to stand up and reach a conclusion. And in the absence of doing that — and that’s not easy, and I realize it’s painful. But the alternatives, allowing this sort of to fester over the months of June, and July and August, I think, are irresponsible. I think you have to make a decision, and hopefully the candidates will respect it and people will rally behind a nominee that, I think, emerges from these contests over the next month. That’s my suggestion. That’s what I would do.

…I mean, if a person wants to stay in the race, stay in the race. But if you have enough people rallying behind what appears to be the likely choice, and I believe the choice is Barack Obama, and I believe that will be the choice over the next several weeks, then I think you have to step up to the plate and say enough is enough. We want this to be over with. We want to get behind this candidate, and we want people to pull together to win that election in November, to build those majorities in the House and the Senate if we can, and then start doing the work on health care and Iraq and all these other issues that demand our attention.

Chris Dodd worked to shut down the Democratic primaries and shut down the Democratic grassroots.

We also remember this Chris Dodd:

The two most infamous Terrible Teddy stories make the point. Both take place at Washington’s La Brasserie, where Kennedy is a favorite customer.

Brasserie I: In December 1985, just before he announced he would run for president in 1988, Kennedy allegedly manhandled a pretty young woman employed as a Brasserie waitress. The woman, Carla Gaviglio, declined to be quoted in this article, but says the following account, a similar version of which first appeared in Penthouse last year, is full and accurate:

It is after midnight and Kennedy and Dodd are just finishing up a long dinner in a private room on the first floor of the restaurant’s annex. They are drunk. Their dates, two very young blondes, leave the table to go to the bathroom. (The dates are drunk too. “They’d always get their girls very, very drunk,” says a former Brasserie waitress.) Betty Loh, who served the foursome, also leaves the room. Raymond Campet, the co-owner of La Brasserie, tells Gaviglio the senators want to see her.

As Gaviglio enters the room, the six-foot-two, 225-plus-pound Kennedy grabs the five-foot-three, 103-pound waitress and throws her on the table. She lands on her back, scattering crystal, plates and cutlery and the lit candles. Several glasses and a crystal candlestick are broken. Kennedy then picks her up from the table and throws her on Dodd, who is sprawled in a chair. With Gaviglio on Dodd’s lap, Kennedy jumps on top and begins rubbing his genital area against hers, supporting his weight on the arms of the chair. As he is doing this, Loh enters the room. She and Gaviglio both scream, drawing one or two dishwashers. Startled, Kennedy leaps up. He laughs. Bruised, shaken and angry over what she considered a sexual assault, Gaviglio runs from the room. Kennedy, Dodd and their dates leave shortly thereafter, following a friendly argument between the senators over the check.

Eyewitness Betty Loh told me that Kennedy had “three or four” cocktails in his first half hour at the restaurant and wine with dinner. When she walked into the room after Gaviglio had gone in, she says, “what I saw was Senator Kennedy on top of Carla, who was on top of Senator Dodd’s lap, and the tablecloth was sort of slid off the table ‘cause the table was knocked over—not completely, but just on Senator Dodd’s lap a little bit, and of course the glasses and the candlesticks were totally spilled and everything. And right when I walked in, Senator Kelly jumped off…and he leaped up, composed himself and got up. And Carla jumped up and ran out of the room.”

According to Loh, Kennedy “was sort of leaning” on Gaviglio, “not really straddling but sort of off-balance so it was like he might have accidentally fallen…He was partially on and off…pushing himself off her to get up.” Dodd, she adds, “said ‘It’s not my fault.’ ” Kennedy said something similar and added, jokingly, “Makes you wonder about the leaders of this country.

Giving Kennedy the benefit of the doubt, it’s quite possible he did not intend an assault but meant to be funny, in a repulsive, boozehead way. Drunks are notoriously poor judges of distance, including the distance between fun and assault.

Dodd played reckless games with women and supported Barack Obama over Hillary Clinton during the primaries. Dodd is still playing his reckless games.

The little boys Obama, Geithner and Dodd continue to play their reckless games.

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141 thoughts on “Barack Obama’s AIGita – Reckless Games, Part I

  1. From previous thread:

    I wanted to catch up with BMerryfield’s new blog spot, at:

    therealbarackobama.wordpress.com/

    and there I came across this extremely cool/funny web site, a blog spot hosted by Obama’s Teleprompter, complete with the inside skinny of what it’s like to work with a POTUS who can’t live without his teleprompter addiction:

    baracksteleprompter.blogspot.com/

    I believe this is the first entry:

    It’s Time
    ————–
    Well, last night didn’t go well. What can I say? I was tired. By the time Barack and the Irish PM stood up, the President and I had already done two major policy speeches, three nomination announcements, and light dinner banter for a table of twelve. And by the way, that “ad lib” last night about Guinness? Mine.

    So why am I going public now, when for the past two years I’ve let others do the talking? Well, this is a thankless job, and I sure don’t want to take the fall for communications missteps. But more important, I expect you’ll be seeing a lot more of me over the next few months and years. Barack and I don’t go anywhere without each other; we even complete each other’s sentences … well, more mine than his, but let’s not split hairs.

    I sense new text being loaded now, so I’ll have to be going.

    Posted by Tele Prompter
    at 12:29 PM 47

    &&&&&&&&
    Here’s a later one from i think yesterday:

    Tension in the White House

    I don’t think I’m breaking any confidences here by saying that things are a bit tense around here. Ever since the White House announced that Big Boy was going to do another prime time presser next week, people have been waiting for the backlash. Sure, we could’ve done it during the day, but then we wouldn’t get any attention. We couldn’t do it on Thursday night, because that would cut into our watching the NCAA tourney. So instead we cut into “American Idol.” If you ask me that sucks … me needs what only Ryan Seacrest can bring.

    What really blows is that there are some folks in this place who are pushing for Barack to go out there alone. Sans me. With no wing screens.

    Are they insane? With this rabid press corps constantly looking to pin Him down for every friggin detail about obscure legislation like the TARP funding? Or the economic stimulus bill? All that kind of detail can’t be fit on little note cards. Or even 5×7s. Sure, He rehearses, but nothing can compare him for those white, hot interrogation-room-style kleig lights, or those razor-sharp questions from the likes of Ed Schultz and that bag lady in the front row. Believe me, this is going to be a knock down, drag out fight worth monitoring over the weekend.

    Posted by Tele Prompter
    at 5:55 AM 59 comments

  2. Yesterday the stock markets rose in response to the Fed announcement we wrote about in today’s article. Today, the markets are aligning with what we wrote:

    http://biz.yahoo.com/ap/090319/na_us_closing_stocks.html?.v=2

    Investors doused a two-week-old stock rally Thursday on worries about fallout from the Federal Reserve’s plan to pump more than $1 trillion into the financial system.[snip]

    The retreat came a day after the Federal Reserve announced plans to buy up $300 billion in Treasury bonds and increase its purchases of mortgage-backed debt securities. [snip]

    A day after the announcement, investors are assessing the potential downsides of the Fed’s giant cash injection, which could weaken the dollar against other currencies and trigger inflationary pressures in the United States.

    “After the initial euphoria surrounding the surprise announcement yesterday, there’s a little more analysis of this going on and its leading to some questions,” said Todd Salamone, senior vice president of research at Schaeffer’s Investment Research.

  3. Okay so I tried to post this twice on last thread and each time I hit enter I was taken to google pics of Hillary. So here I go again I think a lot of the new anti-bambi sites propping up with witty names are perhaps less than legit. The campaign proved they were masters of the internet and I think some of the poignantly named sites may be wolves in sheeps clothing. Seem a little critical but will consistantly hammer home a pro-bambi theme disguised as a criticism. Maybe I am paranoid but I’ve heard that just about every domain nme you could think of associated with waffles was purchased a long time ago.

  4. Nice day in the life of Ted and Chris, to frisky young college kids just having a good time on the town all just good fun boys will be boys, etc.

    That is one interpretation. Here is another.

    Two overweight middle aged drunken reprobates, protected species both, playing a date rape game with a couple of young women and saying to themselves what is the use of power if you do not abuse it.

    And think of it. This was roughly twenty years after Teddy drove a vehicle into the water in a drunken stupor, left a young woman to drown, fled the scene of the crime, and used his money and influence to make the whole thing go away.

    It was five years after he was a candidate for president of the United States.

    Dodd and Kennedy could just as easily say: what good is power if you dont abuse it? To be as stupid as the two of them are only compounds the damage to our country.

    Such was the cabal who supported Obama and tried to destroy our girl/

  5. henry Says:
    March 19th, 2009 at 5:42 pm
    Maybe I am paranoid but I’ve heard that just about every domain nme you could think of associated with waffles was purchased a long time ago.
    &&&&&&&

    So that’s what he did with his record-shattering fund-raising monies? Coaxed out of the change purses of little old ladies with big hearts and big hopes, and from rabid liberals and anti-war people living on the edge who were hoping for a “new start”?

    Obama: “I also bought a Louis the XIV trash can from one of the executives of Enron. This dude’s got to live in *style*”.

  6. There are too many down arrows here for any happy ending. Bambi will come to be seen first as a joke and ultimately as pariah. But as I said yesterday, what happens to the rest of us. Watch this g-20 thing like a hawk.

  7. Hillary 4 Tex and wbboei…Thanks for the Barney Frank info.

    You make very good points. I can see Frank defensively protecting low-income loans because of the appalling way the Repubs pirated the HUD low-income program earlier. And he might have thought it was another partisan assault like the prosecutor in the Clinton mess.

    That might explain it but you are both right. He still should have allowed a full investigation, even encouraged it. It is very disappointing for a very bright guy.

    Now about ACORN. Who is responsible for shoveling more millions to that group without a full investigation of their work?

  8. Dodd, Kennedy, and who know how many others who abuse power and lie through their teeth. What galls me the most at this very moment is how much money from the stimulus package is going to build Kennedy’s shrine.

  9. So how can the Dodd Kennedy incident stay under wraps for years, and Edward be ratted on right after his usefulness ran out. People should be mad about how some are protected, and others not.

  10. Yesterday, Obama promised Hispanic Caucus an Illegal Alien Amnesty Coming Soon!

    Pelosi calls enforcement “un-American”

    Help us Smash Amnesty and “re-educate” Pelosi

    DEAR wbboei,

    This is hell week for immigration enforcement. If you care about this issue, please read this entire email carefully, and then take every step we ask. Here’s the update:

    1. Yesterday President Obama seemed to rent out his immigration policy to the Congressional Hispanic Caucus and the Mexican government.

    2. And on Saturday, House Speaker Nancy Pelosi was caught on tape saying that immigration enforcement agents are “un-American” when they acted to enforce the laws.

    Maybe you’ll want to rub your eyes two or three times and re-read the above paragraphs.

    Statements like “renting out” his foreign policy to the Mexican government are pretty alarming. We at NumbersUSA are usually careful to avoid heated rhetoric.

    But read the details, and you’ll see while I HAVE to let off some steam this time!

  11. Armenian’s, whatever the merits of their arguments, are learning Obama can’t be trusted:

    http://www.latimes.com/news/nationworld/nation/la-na-obama-genocide17-2009mar17,0,3250498.story?track=rss

    The Obama administration is hesitating on a promised presidential declaration that Armenians were the victims of genocide in the early 20th century, fearful of alienating Turkey when U.S. officials badly want its help.

    President Obama and other top administration officials pledged during the presidential campaign to officially designate the 1915 killings of Armenians by the Ottoman Turks as genocide. Many Armenian Americans, who are descendants of the victims and survivors, have long sought such a declaration. [snip]

    Administration officials are considering postponing a presidential statement, citing progress toward a thaw in relations between Turkey and neighboring Armenia. Further signs of warming — such as talk of reopening border crossings — would strengthen arguments that a U.S. statement could imperil the progress.[snip]

    American presidents have long sought to avoid calling the killings a genocide, fearing repercussions from a NATO ally that is acutely sensitive to the charge. In 2007, the Bush administration argued for a delay in a congressional genocide resolution, saying that Turkish assistance was needed for the safety of U.S. troops in Iraq.

    For Obama, the controversy comes at an especially sensitive time. He is visiting Turkey on April 5, and his views on the issue will command worldwide attention. Armenian Americans, meanwhile, have been pushing for a White House declaration on April 24, the annual remembrance day. Congressional supporters are also planning to reintroduce the genocide resolution soon.

    Obama’s visit to Turkey has become risky for the administration, said Mark Parris, a former U.S. ambassador to Turkey. “Plopping the president down over there really does raise the stakes,” said Parris, now co-director of the Brookings Institution’s program on Turkey. “Now it can’t be overlooked. . . . It could carry costs to his credibility.”

    Obama declared repeatedly during his campaign that the killings were genocide. Vice President Joe Biden and Secretary of State Hillary Rodham Clinton are on record with similar positions. [snip]

    Congressional supporters of the genocide resolution expressed frustration about the latest resistance.

    “The argument that some are making now is only the latest incarnation of the same old tired refrain: that we should recognize the genocide — just not this year,” said Rep. Adam B. Schiff (D-Burbank), one of the sponsors of the resolution.

  12. Dodd, Kennedy, and who know how many others who abuse power and lie through their teeth. What galls me the most at this very moment is how much money from the stimulus package is going to build Kennedy’s shrine
    ——————————
    This shrine should be a phallic symbol so the ignorant and uninitiated do not get bamboozled into believing that he was anything other than who he really was.

  13. So will Obama undue all of Hillary’s honest peace-brokering and goodwill efforts with international countries?

  14. neetabug
    thankyou
    guess I was wrong about it being killed right before this election. Guess I just read an article where someone had rehashed the story. Funny thing is it came to fruition none the less.(IS none the less one word? seems like it should be)

  15. OP-ED PIECE ON HOW OBAMA IS LIKE THE THIRD BUSH TERM:

    nytimes.com/2009/03/19/opinion/19feldman.html

    A Prison of Words
    ———————–

    HAS the Obama administration changed the legal rules for detaining suspects in the war on terrorism, or is it continuing in the footsteps of the Bush administration?

    We got a clue last week when the Justice Department filed an important document “refining” the government’s position in lawsuits over those held at Guantánamo Bay. Hailed by supporters as a leap forward, yet criticized by human rights groups as being little different from what came before, the filing reveals a distinctive approach to constitutional law. Cautious and modest where George W. Bush was ambitious and brash, Mr. Obama still claims the authority necessary to sustain almost everything his predecessor did.

    Perhaps what’s most important here is what Mr. Obama’s lawyers do not say. The Bush White House long insisted that the president had inherent power as commander in chief to do whatever it took to defend the country — including overriding American and international law. The Obama filing, however, is silent on the topic of inherent executive power. Indeed, the magic words “commander in chief” never even appear.

    Technically, the Obama lawyers have not abandoned the argument for broad presidential power, just implied that such authority is unnecessary to get them what they want.

    Yet omitting the claim to unfettered executive authority shows respect for Congress and international standards. In effect, the Obama administration is saying to the courts that if the detainees cannot be held as a matter of federal or international law, judges should release them. This approach is brave — so brave it might even prove foolhardy if the courts, sick of nearly a decade of detention, decide to clear the decks.

    The filing argues that the authorization for the use of military force passed by Congress after 9/11 — the contemporary equivalent of a declaration of war — gives the president the powers any sovereign would have under the general principles of the international law of war. Relying on international law to make sense of Congress’s grant of power has deep roots in our constitutional tradition.

    In the context of America’s present global military posture, however, the rediscovery of this notion is little short of astonishing. The laws of war, mostly designed for old-fashioned struggles between sovereign states, often do not fit today’s circumstances. The Bush administration saw this mismatch as an occasion to treat the Geneva conventions as “quaint” (in the words of Alberto Gonzales, the former White House counsel).

    The Obama lawyers, however, seem to believe that the international law of war is flexible enough to serve their interests — and even to expand the president’s power to detain suspects beyond the strict language used by Congress when it gave President Bush authority to carry out his war on terrorism.

    Here is where the law gets complicated: In 2001, Congress told the president he could make war on anyone who had “planned, authorized, committed or aided” the Sept. 11 attacks. The Bush administration, though, went further; it claimed the power to detain any “enemy combatant,” defined to include “anyone who is part of or supporting Taliban or Al Qaeda forces or associated forces.” In an unfortunate legal overreach, one administration lawyer said the government could detain a “little old lady in Switzerland” whose donation to an Afghan orphanage ended up in the hands of Al Qaeda.

    In place of the “enemy combatant” definition, the Obama administration now claims the right to detain anyone who “substantially supported” terrorists. Thankfully, the Obama standard would free the little old Swiss lady. But the words “substantial support” do not come from international law any more than Bush’s “enemy combatant” did.

    The administration lawyers suggest in their brief that “substantial support” of terrorists could be defined by some unspecified analogy to the laws of detention in traditional armed conflict. Yet the details are left to the imagination; and when push comes to shove, this language might well include all the Guantánamo detainees, including those who never belonged to a terrorist group.

    The upshot is that the Obama approach is potentially broad enough to continue detaining everyone whom the Bush administration put in Guantánamo in the first place. The legal theories are subtler, and the reliance on international law may prove more attractive to our allies. But President Obama is stuck with the detainees Mr. Bush left him, and some may pose a real danger. Faced with this conundrum, and pressed for answers by judges who are rightfully impatient, the administration is hurrying to reframe existing powers in new legal doctrines.

    The true test of whether Mr. Obama has improved on the Bush era lies in how his administration justifies its decisions on the 241 remaining Guantánamo detainees, whose cases will now be evaluated internally and reviewed by the courts. If the new legal arguments actually affect who goes free and who stays in custody, then they will amount to meaningful change. Without real-world effects, though, even the most elegant new legal arguments are nothing but words.

    Noah Feldman is a law professor at Harvard, a fellow at the Council on Foreign Relations and a contributing writer to The Times Magazine.

  16. ANOTHER NY TIMES COLUMNIST WONDERING, “WHERE’D O GO?”

    nytimes.com/2009/03/19/opinion/19collins.html

    The Grievance Committee
    ———————————–

    By GAIL COLLINS
    Published: March 18, 2009

    Angry. So very, very angry. Unable to speak due to mega-anger washing over every pore and fiber of my being. Anger is in. (Hope’s so … January.)

    I am extremely angry at Tim Geithner for being such a baby that he couldn’t scare a bunch of American International Group quants into forgoing their bonuses. We need a Treasury secretary so terrifying that if you were stuck in an elevator alone with him, you would just automatically hand over your wallet and credit cards.

    Somebody as weird and tirade-prone as Hank Paulson. Although when he had Geithner’s job we hated Hank Paulson. Hated, hated, hated. Many people thought he was the worst Treasury secretary ever, although at this moment I am hard pressed to remember the name of any of the other ones since Alexander Hamilton. Except for Robert Rubin, who we used to like but now we don’t because he was a banker.

    Hate those bankers. However, Jimmy Stewart seemed nice in that movie about Christmas.

    Geithner claims nobody warned him that this bonus scandal was coming down the pike. Is it because he doesn’t have any assistants? It appears there’s nobody in the world of finance who wants to accept a top-level Treasury job if it means letting the White House accountants go over their tax returns. Geithner is walking around listening to the hallways echo, like the only kid at boarding school who didn’t get invited home for Christmas.

    I hate everybody in the world of finance. Also accountants, since it’s tax time.

    And I’m totally angry at everybody in Congress for trying to pretend that they’re angrier than I am. Like Senator Chuck Grassley saying the A.I.G. execs should follow the Japanese model and “resign or go commit suicide.” Took him about three seconds to backtrack. “Inteligent journalist can’t recgnize rhetoric,” Grassley twittered.

    The senator from Iowa is a big twitterer. On Monday, he shared the details of his day: “Red previous Twitter. Did get DsM Eastern Star EastGate Lodge Swiss Steak Dinner. Great food price of tip at any Sun dinner I recomend.” If Grassley was truly outraged at the seppuku-demanding level, wouldn’t he have reported that although the Swiss steak dinner smelled tasty, he was unable to partake because his digestive system was overflowing with bile? And do you think he knows how to spell “intelligent”?

    I hate senators who Twitter.

    On Wednesday, Edward Liddy, the head of A.I.G., was hauled in front of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises where everybody was extremely eager to express their outrage about the $165 million in bonuses for employees in A.I.G.’s financial (Credit Swaps Derivatives R Us) products division.

    This is the same subcommittee that came to our attention a year ago when then-Gov. Eliot Spitzer of New York wheedled an invitation to testify about bond insurance so he could go to Washington for a night of hanky-panky at the Mayflower Hotel. I really hate the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises.

    Liddy, a retired insurance executive who took over A.I.G. six months ago at the behest of the Treasury Department, said he had asked most of those who got a bonus to give at least half back. This did not seem to calm the subcommittee members down very much, although the fact that Liddy is working without pay while getting mail from people who want to garrote him with piano wire seemed to have a slight dampening effect.

    It is not particularly satisfying to complain about businessmen who answer their country’s call for $1 a year. However, Liddy does have three houses, which is one above the new quota.

    Let’s complain about Barack Obama. Why doesn’t he sound angrier? Doesn’t he understand that his job right now is to be the Great Venter?

    Sure he keeps saying he’s mad. But you can tell that he secretly thinks it’s crazy to obsess about $165 million in bonuses in a company that’s still got $1.6 trillion in toxic assets to unravel. “I don’t want to quell that anger. I want to channel our anger in a constructive way,” he said on Wednesday. Everybody knows constructively channeled anger doesn’t really count. It’s like diet pizza.

    If John McCain were president, you can bet that we’d be getting outrage 24-7. McCain would be so angry that we’d be scared that he’d have a coronary or invade a new country. The New York Post would be running “Calm Down, Mr. President” headlines.

    Except, of course, the whole reason we elected Barack Obama was because when the economy started melting down, Obama seemed sane and calm while McCain appeared to be a loopy visitor from the Planet of the Overwrought.

    I hate it when we make irrational, contradictory demands of our president. But, it seems as if that’s what he’s there for.
    &&&&&&&&&&

    Oh well, if you wanted a president with a spine, you could have had Hillary.

  17. Excellent article, Admin, although I confess I’m clueless about the impact of the feds dumping another trillion into the monetary system.

    D@MN but I wish I’d taken an economics course way back when!

    So does this move mean deflation, inflation, hyper-inflation, what?

    BTW, I just realized that at least half of the original dem nominee hopefuls during the primaries have been thown under the bus; Dood, Edwards, Richardson, Biden (in a way). Who’s left?

  18. basil

    Look at it this way – there is about $1 Trillion now in circulation. If the fed dumps another $1 Trillion into the system, we will have twice as many dollars chasing less that half the country’s usual production (businesses closing, manufacturing down, much lower imports, etc.)

    Now half that will go to support medical, homless, and food support for people who are not taking home a full paycheck, plus bailout dollars.

    But that is still a lot of money sloshing around, and it’s like an auction – people who have it will spend what they have to in order to get what they want.

    If you have a desired product or service, and the financial backing, it IS a hell of a good time to get into business. And then be nimble and get out when the timing is perfect.

  19. basil

    “But that is still a lot of money sloshing around, and it’s like an auction – people who have it will spend what they have to in order to get what they want.”

    Forgot to say – and that is the seup for inflation.

  20. “Oh well, if you wanted a president with a spine, you could have had Hillary.”

    —————————–

    And if nothing else, that is going to be written on obama’s presidential epitaph in indelible ink!

  21. Remember when obama decided he wanted to tamper with the census? Remember when it was announced that Acorn would be involved in the next census?

    I guess pretty soon the American Constitution won’t be worth the paper it was written on.

  22. Janh

    The American Constitutionn is not worth the paper it was written on NOW if Presidential Candidates don’t have to prove they are eligible for the Presidency by PROVIDING AN AMERCIAN BIRTH CERTIFICATE.

    So what could he have told the Supreme Court, that we are not entitled to know?

  23. Just wait, if this comes crashing down, rats will desert the sinking ship, information will become available, and if he has no legal BC, the American public is going to be outraged. He has to succeed to stop all of the crap coming out about him. If he does not, then items will begin to be offered up.

  24. Henry, I posted in an earlier thread about a children’s book that I read about online. The book title was “Chicka a Boom.” I mentioned it earlier as I knew you loved for your little Chickaboom, Chicaboom, Chickaboomboomboom to have books. I thought of you as I read the title. You could google if you wish.

  25. Emjay Says:
    March 19th, 2009 at 8:23 pm

    Chris Dodd was not treated in the manner to which he has become accustomed on NPR this evening.
    ************
    Dodd continues the pattern of bad sh*t happening to people who back-stabbed Hillary.

  26. AOL has a lead story on their story board that says MO has committed her first fashion mistake, turquoise fur lined boots. Give us a break, this is not the first. I guess they finally had to fess up and say something.

  27. NewMexicoFan Says:

    March 19th, 2009 at 8:06 pm

    —————————–

    And the list of his crimes goes on…

  28. Michelle Obama: First gardener

    Posted March 19, 2009 5:25 PM
    by Mark Silva

    Michelle Obama is digging the White House – or at last a patch of the lawn, where the first lady plans to plant a garden. The president’s wife will turn a patch of dirt on the White House lawn on Friday – the first since Eleanor Roosevelt’s “Victory Garden” during World War II – the New York Times is reporting.

    “There will be no beets (the president doesn’t like them),” the Times’ Marian Burrios writes, “but arugula will make the cut.” The organic garden will help feed first family, the first lady explains, but its primary role will be to help educate children about “healthful, locally grown fruit and vegetables at time when obesity has become a national concern.”

    In an interview, the first lady told the Times: “My hope is that through children, they will begin to educate their families and that will, in turn, begin to educate our communities.” Twenty-three fifth graders from Bancroft Elementary School in Washington will help the first lady turn some soil for a “1,100-square-foot plot in a spot visible to passers-by on E Street.” The family will help pull weeds “”whether they like it or not,” Mrs. Obama said laughing. “Now Grandma, my mom, I don’t know.”

    The Clintons grew some vegetables in pots on the White House rooftop, the report notes. But the Obamas will grow 55 varieties of vegetables — from a wish list of the kitchen staff — from organic seedlings started at the executive mansion’s greenhouses.

    They plan cilantro, tomatilloes and hot peppers, lettuce, spinach, chard, collards and black kale. They will raise berries and herbs, including anise hyssop and Thai basil. And “a White House carpenter who is a beekeeper will tend two hives for honey.” The cost of the seeds and mulch is running $200.

    swamppolitics.com/news/politics/blog/2009/03/michelle_obama_first_gardener.html

    —————————————

    Now isn’t it a shame that obama didn’t apply for the White House’s gardener job? He would have been so much more experienced to do that than what he ended up with.

    Now everyone has to suffer because of his incompetencies.

  29. # NewMexicoFan Says:
    March 19th, 2009 at 6:07 pm

    So how can the Dodd Kennedy incident stay under wraps for years, and Edward be ratted on right after his usefulness ran out. People should be mad about how some are protected, and others not.
    ———————————————-

    I heard about it years ago, and somewhere read it in a gossip rag a long time ago too.

    But obviously, it caused them little harm – then.

    Now one is terminally ill and the other is not only tagged forever as a man who lied to the public, on television no less, but this past incident is out in public again. . .and it looks like he may not get re-elected next year.

    Karma will getcha – every damm time.

  30. JanH, you can be sure that, other than publicity photos, Mary Todd and Barack will never soil their hands in the garden. The White House workers just got a new job to do. The workers will toil, Obama will eat the fruits of the harvest.

  31. Good evening everyone…… so so so much going on these days its hard to keep up or to keep from getting distracted by one thing or another…..

    here is something i had no idea was even truly in the works so soon…….but here it is!!
    at least part of it ..so far!!

    House adopts plan for ‘volunteer’ corps
    Also requires new evaluation of ‘mandatory’ service for all

    worldnetdaily.com/index.php?fa=PAGE.view&pageId=92288

    also BMERRY”S site has a long and very informative article on it.. that can be found here:

    therealbarackobama.wordpress.com/

  32. MO going to bend over and spade, or fork up, a 20×50 patch of blue grass?

    I’d like her to know that with all the (presumed) fertilizer, weed killer and doggy/cat poop that has been out on the South lawn, it is going to be several YEARS for that garden to be an organic one.

    Even if the seedlings are certified organic, the plants won’t be. What a silly, foolish publicity hound she is!

  33. I still think this stuff is setting out there on all of them all the time, and when they need and want to use it against you, they will. There is no honor among thieves. If the Economy does not show some sign of recovery soon, look for the crap to come out

  34. JanH Says:

    March 19th, 2009 at 8:46 pm
    —————————————————————————-

    Considering the way things are going, we will all need “Victory Gardens.” The WH is leading the way. Things must be dire, if the WH is moving plants out of the greenhouses.

  35. Emjay Says:
    March 19th, 2009 at 8:23 pm

    Chris Dodd was not treated in the manner to which he has become accustomed on NPR this evening.
    ************
    Dodd continues the pattern of bad sh*t happening to people who back-stabbed Hillary.
    ————————–
    Karma

  36. Actually, years ago, the WH was very self-sufficient. There were greenhouses and gardens for flowers, fruits, herbs, and vegetables. I think, they even used to have have livestock on the grounds, in the early years.

  37. survey on how you feel about “term limits”

    surveymonkey.com/s.aspx?sm=0SMe_2bq2_2fcYNFKikqd93_2fKQ_3d_3d

  38. I have just read several articles preemptively attacking criticism of Obama’s Special Olympics comment on The Tonight Show.

    These commentators are calling Obama’s comment a trivial “gaffe” the kind of which is commonly made by everyone, and since we all supposedly make these mistakes we have no right to criticize Obama or act outraged at his comment.

    People misspeak, and sometimes when they do they reveal something of themselves.

  39. here we go again…pass the blame…er…butter please…
    Pelosi: Don’t Blame Us for AIG Mess

    By Ben Pershing

    Speaker Nancy Pelosi (D-Calif.) pushed back strongly today at the suggestion that she or her fellow House Democrats might deserve any blame for the AIG bonus controversy, insisting that the real fault lay with the Bush administration and — to a lesser extent — the Senate and the White House.

    The House is set to vote soon on a bill to tax millions of dollars in bonuses paid by AIG to its employees. At her weekly press conference this morning, Pelosi said the measure would “bring some justice to the situation and get taxpayers’ money back.” A reporter then told the Speaker that “you and your members are being blamed for these excessive bonuses,” and asked where the fault should properly be assigned.
    “I think you go right back to Sept. 16, when the announcement was made by the Fed … that they would be making this big infusion of cash into AIG without any prior notification to us,” Pelosi said. “That’s when it all started.”

    As for her own culpability, the Speaker said: “You’re the first person to tell me that I’m being blamed for this because I’ve missed that.” Pelosi said that House Democrats had been out front for months on the idea of cracking down on bonuses and executive compensation at firms that take federal money. “The CEO compensation issues were completely resisted by the Bush administration, so we are sweeping up after them,” she said.

    But what about the economic stimulus bill, which included language that permitted the AIG bonuses to be paid? Sen. Christopher Dodd (D-Conn.) is in hot water after admitting that he amended the bill to allow the bonuses, though he says he did so at the request of the Obama administration. The point, Pelosi said, is that the House had nothing to do with it. “This is Senate-White House language. … This was never brought to conference,” Pelosi said, even though the final language on bonuses was in fact in the conference report on which House conferees (including Pelosi) signed off and that the House approved. She noted that the House in January had passed Rep. Barney Frank’s (D-Mass.) bill to reform the TARP program, which included tough language on executive compensation. After repeated questions about the stimulus bill, Pelosi appeared to grow frustrated. “Let’s not take our eye off the ball. The president inherited a terrible mess from the Bush administration,” she said.

    When Pelosi’s aide said she would only take one more question, the Speaker made clear that she didn’t want to discuss AIG anymore. “New subject, or else …,” she said, never finishing her threat. Pelosi then happily took a question about the budget.

    washingtonpost.com/capitol-briefing/2009/03/pelosi_dont_blame_us_for_aig_m.html?hpid=topnews

  40. aNewNEWDEAL Says:

    March 19th, 2009 at 11:08 pm

    ——————————

    First off, he is systematically destroying the dignity of his office by appearing on shows like a movie star.

    Second, if this was the first gaffe he had ever made, I might give the moron a pass. Unfortunately this is a daily occurence with this guy and the media once again is trying to ridicule anyone who has the audacity to call him on it.

  41. The comment made by the President is mean spirited, derogatory, any demeaning to the values of a great democracy. The commitment and perseverance of special Olympics athletes is inspiring to everyone who sees not crude humor in their achievements, but rather an amazing level of accomplishment that should summon all those who watch to attempt to achieve the same.

  42. Collins is a maggot. You saw it in the primary. You see it again now. Any journalist who is not willing to hold Obama responsible for his errors of ommission and comission is a waste of time and a waste of space.

  43. The comment made by the President is mean spirited, derogatory, any demeaning to the values of a great democracy. The commitment and perseverance of special Olympics athletes is inspiring to everyone who sees not crude humor in their achievements, but rather an amazing level of accomplishment that should summon all those who watch to attempt to achieve the same.
    —————————
    Yes. They work twice as hard and get one tenth the recognition, and it is critically important to their self esteem. If Obamba disses them and his minions tried to cover it up and big media hoped no one heard it is par for the course. But more people are beginning to notice that Obama is a megalamaniacal fool.

  44. I saw this comment on another blog, so I can’t claim ownership, but it is pretty funny.

    “If narcissism was a fuel, Obama would be king of renewable energy.”

    His Special Olympics comment was tacky and insensitive, just what one would expect from a narcissist.

  45. Speaker Nancy Pelosi (D-Calif.) pushed back strongly today at the suggestion that she or her fellow House Democrats might deserve any blame for the AIG bonus controversy, insisting that the real fault lay with the Bush administration
    ——————–
    No one is safe when congress is in session so said Mark Twain. If he had ever lived to meet this idiot then I have no doubt that the words he chose would have been stronger. Isnt this idiot the same one who told voters in 06 that if they got a majority, they would get out of Iraq and impeach Bush, and later recanted. No credibility.

  46. Yes. They work twice as hard and get one tenth the recognition, and it is critically important to their self esteem. If Obamba disses them and his minions tried to cover it up and big media hoped no one heard it is par for the course. But more people are beginning to notice that Obama is a megalamaniacal fool.
    **********
    I am sure he is amazed that people are offended by the comment…he is a sociopath…no such consideration even enters his mind.

  47. Profile of the Sociopath
    This website summarizes some of the common features of descriptions of the behavior of sociopaths.

    Glibness and Superficial Charm

    Manipulative and Conning
    They never recognize the rights of others and see their self-serving behaviors as permissible. They appear to be charming, yet are covertly hostile and domineering, seeing their victim as merely an instrument to be used. They may dominate and humiliate their victims.

    Grandiose Sense of Self
    Feels entitled to certain things as “their right.”

    Pathological Lying
    Has no problem lying coolly and easily and it is almost impossible for them to be truthful on a consistent basis. Can create, and get caught up in, a complex belief about their own powers and abilities. Extremely convincing and even able to pass lie detector tests.

    Lack of Remorse, Shame or Guilt
    A deep seated rage, which is split off and repressed, is at their core. Does not see others around them as people, but only as targets and opportunities. Instead of friends, they have victims and accomplices who end up as victims. The end always justifies the means and they let nothing stand in their way.

    Shallow Emotions
    When they show what seems to be warmth, joy, love and compassion it is more feigned than experienced and serves an ulterior motive. Outraged by insignificant matters, yet remaining unmoved and cold by what would upset a normal person. Since they are not genuine, neither are their promises.

    Incapacity for Love

    Need for Stimulation
    Living on the edge. Verbal outbursts and physical punishments are normal. Promiscuity and gambling are common.

    Callousness/Lack of Empathy
    Unable to empathize with the pain of their victims, having only contempt for others’ feelings of distress and readily taking advantage of them.

    Poor Behavioral Controls/Impulsive Nature
    Rage and abuse, alternating with small expressions of love and approval produce an addictive cycle for abuser and abused, as well as creating hopelessness in the victim. Believe they are all-powerful, all-knowing, entitled to every wish, no sense of personal boundaries, no concern for their impact on others.

    Early Behavior Problems/Juvenile Delinquency
    Usually has a history of behavioral and academic difficulties, yet “gets by” by conning others. Problems in making and keeping friends; aberrant behaviors such as cruelty to people or animals, stealing, etc.

    Irresponsibility/Unreliability
    Not concerned about wrecking others’ lives and dreams. Oblivious or indifferent to the devastation they cause. Does not accept blame themselves, but blames others, even for acts they obviously committed.

    Promiscuous Sexual Behavior/Infidelity
    Promiscuity, child sexual abuse, rape and sexual acting out of all sorts.

    Lack of Realistic Life Plan/Parasitic Lifestyle
    Tends to move around a lot or makes all encompassing promises for the future, poor work ethic but exploits others effectively.

    Criminal or Entrepreneurial Versatility
    Changes their image as needed to avoid prosecution. Changes life story readily.

    ——————————————————————————–

  48. I’m quite sure that anyone who tries to criticize him about his latest “foot in the mouth” moment will be labelled as “bitter”. He seems to like labelling others.

    He is potus for god’s sake! Shut him the heck up if he can’t show a little more discipline and commonsense.

  49. Profile of the Sociopath

    This website summarizes some of the common features of descriptions of the behavior of sociopaths.

    1. Glibness and Superficial Charm

    2. Manipulative and Conning
    They never recognize the rights of others and see their self-serving behaviors as permissible. They appear to be charming, yet are covertly hostile and domineering, seeing their victim as merely an instrument to be used. They may dominate and humiliate their victims.

    3. Grandiose Sense of Self
    Feels entitled to certain things as “their right.”

    4. Pathological Lying
    Has no problem lying coolly and easily and it is almost impossible for them to be truthful on a consistent basis. Can create, and get caught up in, a complex belief about their own powers and abilities. Extremely convincing and even able to pass lie detector tests.

    5. Lack of Remorse, Shame or Guilt
    A deep seated rage, which is split off and repressed, is at their core. Does not see others around them as people, but only as targets and opportunities. Instead of friends, they have victims and accomplices who end up as victims. The end always justifies the means and they let nothing stand in their way.

    6. Shallow Emotions
    When they show what seems to be warmth, joy, love and compassion it is more feigned than experienced and serves an ulterior motive. Outraged by insignificant matters, yet remaining unmoved and cold by what would upset a normal person. Since they are not genuine, neither are their promises.

    7. Incapacity for Love

    8. Need for Stimulation
    Living on the edge. Verbal outbursts and physical punishments are normal. Promiscuity and gambling are common.

    9. Callousness/Lack of Empathy
    Unable to empathize with the pain of their victims, having only contempt for others’ feelings of distress and readily taking advantage of them.

    10. Poor Behavioral Controls/Impulsive Nature
    Rage and abuse, alternating with small expressions of love and approval produce an addictive cycle for abuser and abused, as well as creating hopelessness in the victim. Believe they are all-powerful, all-knowing, entitled to every wish, no sense of personal boundaries, no concern for their impact on others.

    11. Early Behavior Problems/Juvenile Delinquency
    Usually has a history of behavioral and academic difficulties, yet “gets by” by conning others. Problems in making and keeping friends; aberrant behaviors such as cruelty to people or animals, stealing, etc.

    12. Irresponsibility/Unreliability
    Not concerned about wrecking others’ lives and dreams. Oblivious or indifferent to the devastation they cause. Does not accept blame themselves, but blames others, even for acts they obviously committed.

    13. Promiscuous Sexual Behavior/Infidelity
    Promiscuity, child sexual abuse, rape and sexual acting out of all sorts.

    14. Lack of Realistic Life Plan/Parasitic Lifestyle
    Tends to move around a lot or makes all encompassing promises for the future, poor work ethic but exploits others effectively.

    15. Criminal or Entrepreneurial Versatility
    Changes their image as needed to avoid prosecution. Changes life story readily.

  50. Larry Doyle has a great article up at NQ, comparing the AIG mess to the LTCM mess in 98. Here’s an excerpt:

    One angle of the LTCM meltdown that has received very little public attention over the years was the manner in which Wall Street banks managed their own books and capital during that period. In short, the senior executives of the consortium of banks involved in saving the system during the LTCM meltdown became totally aware of LTCM’s positions. That confidential information was tremendously valuable because those positions obviously needed to be unwound. In layman’s terms, if I know you are in a position of having to sell something, I can drive the market lower in your face so you are forced to sell at an ever lower price. It is widely speculated that Goldman Sachs effectively front ran the unwinding of LTCM’s positions and made hundreds of millions of dollars in the process.

    Fast forward to today’s situation with AIG. The Wall Street banks certainly know what AIG’s positions are along with the fact that the government is trying to unwind these positions. Do you think Wall Street traders are sitting idly by as AIG tries to unwind this mess? Why has AIG needed an ever increasing amount of government money? Very simply, the markets that AIG has exposure to are continuing to weaken as they try to exit positions. Why are they weakening? It would be naive to think that other Wall Street traders are not once again front running AIG much as Goldman Sachs’ traders supposedly front ran LTCM in 1998.

    How can the government prevent any front running on behalf of Wall Street banks? Regulators should be scouring the trading records of every AIG counterparty on a regular basis. Are the regulators doing this? The government and regulators are certainly stretched very thin. Are Wall Street traders taking advantage of the situation? It would be naive to think they are not.

    noquarterusa.net/blog/2009/03/19/not-time-sensitive-aig-and-ltcm/#comment-1161311

  51. I am disgusted that this IDIOT is partying like its 1999, playing basket ball going to basket ball games…. pissing on coaches by picking his brackets who all happen to be in SWING STATES!!! and flying all over the place in his new toy [marine one]

    and now on national tv he announces he’s BOWLING like as if he was in a “special olympics”…………good god!

    OBAMA IS A NARCISSIST!!!!!!!

  52. He is clueless. He is so self-involved, he genuinely has no idea how offensive he is. He thinks it’s all a game, and all about his image. He is a spoiled child who wanted Air Force One for Christmas, not the JOB. He is worse than Bush, and good god, I NEVER thought I’d say that in a million years.

  53. I am a special education teacher. Parents of special needs children will not take Obama’s comment referring to the special olympics as some kind of inadvertant gaffe. It’s a shockingly nasty and insensitive statement to make, particularly from someone who is supposed to be a liberal Democrat. Even more so coming from a sitting President of the United States. The essence of the remark is clearly a sterotype demeaning the capabilities of the mentally challenged. I hope the ARC and other groups demand an apology….

  54. My daughter is handicapped – has cerebral palsy and some mental disabilities. I can’t count the times I had to dry her tears growing up, because thoughtless people make offhand comments about “spaz” and “retard”. I worked with Special Olympics a couple of years. Those kids have more grit, class, discipline, and determination than Obama will ever have.

  55. Admin, nice article. I remember that about Teddy and Chris. The both of them are awful. Dodd with his young family, acting like a real family man. Ridiculous! He is old enough to be his wife’s father. I couldn’t stand him from the beginning. He really grates on my nerves when he speaks. This is what Sen. Kennedy calls noble. Yeah right! I wouldn’t call the nobleman, I would call them white trash with money.

  56. So far this morning there are 212 views of the latest waffles gaffe on Youtube
    youtube.com/watch?v=JKlYT2bseII

  57. Yahoo homepage has a photo of Bob Knight and a quip about basketball players not being the greatest athletes and zip about bambi and the special olympics. How is it more newsworthy that a legendary coach was awed by the perfomance of figure skaters than the president of the United States making a joke of the special olympics.

  58. henry

    just in case it gets scrubbed from you tube, I emailed it to myself from Politico. Here ’tis, if someone wants to put it away for safekeeping. I don’t know how to do that.

    Just remove spaces

    h xx p: / / link.brightcove.com/services/link/bcpid1155201977/bctid17003675001

  59. Admin;

    Sorry, I did it again. I’m in moderation even though I used spaces and Xs.

    Can you dive into the filter for me?

    Thanks.

  60. this is worthy of going viral:

    545 officials against 300 million Americans

    Please keep in mind before any election we need to purge out of our voting machines the Sequia software owned by the communist leader Hugo Chavez of Venezuela and we need to purge our voting rolls of dead souls voting and we need to heve a manual count by the volunteers in each precinct to verify computer results as those can be easily hacked and manipulated
    From: Michael Wagers
    Subject: [Army Rangers] Fw: 545 vs 300M
    To: “Army Rangers”
    Date: Sunday, March 15, 2009, 2:22 PM

    >
    > 545 vs 300,000,000 EVERY CITIZEN NEEDS TO READ THIS AND
    > THINK ABOUT WHAT THIS JOURNALIST HAS SCRIPTED IN THIS
    > MESSAGE. READ IT AND THEN REALLY THINK ABOUT OUR CURRENT
    > POLITICAL DEBACLE.
    >
    > Charley Reese has been a journalist for 49 years.
    >
    > 545 PEOPLE
    > By Charlie Reese
    > Politicians are the only people in the world who create
    > problems and then campaign against them.
    >
    > Have you ever wondered, if both the Democrats and the
    > Republicans are against deficits, WHY do we have deficits?
    >
    > Have you ever wondered, if all the politicians are against
    > inflation and high taxes, WHY do we have inflation and high
    > taxes?
    >
    > You and I don’t propose a federal budget. The president
    > does.
    >
    > You and I don’t have the Constitutional authority to
    > vote on appropriations. The House of epresentatives does.
    >
    > You and I don’t write the tax code, Congress does..
    >
    > You and I don’t set fiscal policy, Congress does.
    >
    > You and I don’t control monetary policy, the Federal
    > Reserve Bank does.
    >
    > One hundred senators, 435 congressmen, one president, and
    > nine Supreme Court justices 545 human beings out of the 300
    > million are directly, legally, morally, and individually
    > responsible for the domestic problems that plague this
    > country.
    >
    > I excluded the members of the Federal Reserve Board because
    > that problem was created by the Congress. In 1913, Congress
    > delegated its Constitutional duty to provide a sound
    > currency to a federally chartered, but private, central
    > bank.
    >
    > I excluded all the special interests and lobbyists for a
    > sound reason. They have no legal authority. They have no
    > ability to coerce a senator, a congressman, or a president
    > to do one cotton-picking thing. I don’t care if they
    > offer a politician $1 million dollars in cash.
    >
    > The politician has the power to accept or reject it. No
    > matter what the lobbyist promises, it is the
    > legislator’s responsibility to determine how he votes.
    >
    > Those 545 human beings spend much of their energy
    > convincing you that what they did is not their fault. They
    > cooperate in this common con regardless of party.
    > > > What separates a politician from a normal human
    > being is an excessive amount of gall. No normal human being
    > would have the gall of a Speaker, who stood up and
    > criticized the President for creating deficits. The
    > president can only propose a budget. He cannot force the
    > Congress to accept it.
    >
    > The Constitution, which is the supreme law of the land,
    > gives sole responsibility to the House of Representatives
    > for originating and approving appropriations and taxes. Who
    > is the speaker of the House? Nancy Pelosi. She is the leader
    > of the majority party.
    >
    > She and fellow House members, not the president, can
    > approve any budget they want. If the president vetoes it,
    > they can pass it over his veto if they agree to.
    >
    > It seems inconceivable to me that a nation of 300 million
    > can not replace 545 people who stand convicted — by present
    > facts — of incompetence and irresponsibility. I can’t
    > think of a single domestic problem that is not traceable
    > directly to those 545 people. When you fully grasp the plain
    > truth that 545 people exercise the power of the federal
    > government, then it must follow that what exists is what
    > they want to exist.
    >
    > If the tax code is unfair, it’s because they want it
    > unfair.
    >
    > If the budget is in the red, it’s because they want it
    > in the red
    >
    > If the Army & Marines are in IRAQ , it’s because
    > they want them in IRAQ .
    >
    > If they do not receive social security but are on an elite
    > retirement plan not available to the people, it’s
    > because they want it that way.
    >
    > There are no insoluble government problems.
    >
    > Do not let these 545 people shift the blame to bureaucrats,
    > whom they hire and whose jobs they can abolish; to
    > lobbyists, whose gifts and advice they can reject; to
    > regulators, to whom they give the power to regulate and from
    > whom they can take this power. Above all, do not let them
    > con you into the belief that there exists disembodied
    > mystical forces like “the economy,”
    > “inflation,” or “politics” that prevent
    > them from doing what they take an oath to do.
    >
    > Those 545 people, and they alone, are responsible.
    >
    > They, and they alone, have the power.
    >
    > They, and they alone, should be held accountable by the
    > people who are their bosses. provided the voters have the
    > gumption to manage their own employees.
    >
    > We should vote all of them out of office and clean up their
    > mess!
    >
    > Charlie Reese is a former columnist of the Orlando Sentinel
    > Newspaper.
    >
    > What you do with this article now that you have read
    > it………. . is up to you.
    >

    Posted by Dr. Orly Taitz at 3/19/2009 6:24 PM | Add Comment

    defendourfreedoms.us/

  61. Thinking people I talk to have reached the conclusion that Obama is pretty much an idiot. Some of them use that term, while others hide behind less provocative language but the sentiments are pretty much the same. Some of them still get caught up in that false dilemma that if he fails we fail as a country, but increasingly even those people are recognizing the fact that it may indeed be the exact opposite, namely if he succeeds, then the country–or what you and I recognize to be the country will undoubtedly fail.

    Most of us also believe the Republican Party has been ineffective in meeting this challenge to our country, and their reputation has been tarnished by Bush, and they have failed to offer any coherent alternative to the icoherent sociopath in terms of platform, solutions or credible leader. In one sense it is early and in another sense it is later than most people think. We all believe the media is corrupt and needs to be discredited.

    I have one friend I who was a strong Hillary supporter but is so consumed with hatred for the Republican Party in general and Bush in particular that he is willing to cut slack to Obama. I will be seeing him tonight and bringing him a copy of the definition of a socio path.

    To move him off that position I stipulate at the beginning of the discussion that Bush was bad, but then ask him to consider the present, the future and how much worse this clown making it. His weak spot is Pelosi so when I remind him that Obama is so spineless that he subcontracted the economy to that loon he starts to open his eyes.

  62. In response to: I have one friend I who was a strong Hillary supporter but is so consumed with hatred for the Republican Party in general and Bush in particular that he is willing to cut slack to Obama.

    My husband, a brilliant man, and those neighbors who voted for the Huckster believe the same thing….all Bush and how much money they have lost [because of Bushiness] which translates into all Republicans. When are people going to realize that looking at only a party label determines the outcomes? I tell my husband, you bought him [the huckster] you live with him now.

  63. djia, I sent my letter about the Tonight Show. Here it is:

    During these devastating times for most all Americans, the President should NOT be making funny. There is NOTHING funny about the current and persistent situation of America. The President should have no spare time period. NOT for vacations, wild and expensive parties, expensive needless trips on Air Force or Marine One, or for comedians. The President should be working his behind off filling positions and FIXING theeconomy. IT IS THE ECONOMY, STUPID!!!!!

  64. Bonfire of the Trivialities

    By Charles Krauthammer
    Friday, March 20, 2009; Page A19

    A $14 trillion economy hangs by a thread composed of (a) a comically cynical, pitchfork-wielding Congress, (b) a hopelessly understaffed, stumbling Obama administration, and (c) $165 million. That’s $165 million in bonus money handed out to AIG debt manipulators who may be the only ones who know how to defuse the bomb they themselves built. Now, in the scheme of things, $165 million is a rounding error. It amounts to less than 1/18,500 of the $3.1 trillion federal budget. It’s less than one-tenth of 1 percent of the bailout money given to AIG alone. If Bill Gates were to pay these AIG bonuses every year for the next 100 years, he’d still be left with more than half his personal fortune.

    For this we are going to poison the well for any further financial rescues, face the prospect of letting AIG go under (which would make the Lehman Brothers collapse look trivial) and risk a run on the entire world financial system? And there is such a thing as law. The way to break a contract legally is Chapter 11. Short of that, a contract is a contract. The AIG bonuses were agreed to before the government takeover and are perfectly legal. Is the rule now that when public anger is kindled, Congress will summarily cancel contracts?

    Even worse are the clever schemes being cooked up in Congress to retrieve the money by means of some retroactive confiscatory tax. The common law is pretty clear about the impermissibility of ex post facto legislation and bills of attainder. They also happen to be specifically prohibited by the Constitution. We’re going to overturn that for $165 million? Nor has the president behaved much better. He, too, has been out there trying to lead the mob. But it’s a losing game. His own congressional Democrats will out-demagogue him and heap the blame on the hapless Timothy Geithner.
    Geithner has been particularly maladroit in handling this issue. But the reason he didn’t give the bonuses much attention is because he’s got far better things to do — namely, work out a rescue plan for a dysfunctional credit system that is holding back any chance of recovery.

    It is time for the president to state the obvious: This recession is not caused by excessive executive compensation in government-controlled companies. The economy has been sinking because of a lack of credit, stemming from a general lack of confidence, stemming from the lack of a plan to detoxify the major lending institutions, mainly the banks, which, to paraphrase Willie Sutton, is where the money used to be.
    Obama has been strangely passive about this single greatest threat to the country. In his address to Congress and his budget, he’s been far more interested in his grand program for reshaping the American social contract in health care, energy and education.

    Obama delegates to Geithner plans for a bailout — and Geithner (thus far) delivers nothing. Obama delegates to Nancy Pelosi and her congressional grandees the writing of all things fiscal — and gets a $787 billion stimulus package that is a wish list of liberal social spending, followed by a $410 billion omnibus spending bill festooned with pork and political paybacks. That bill, we now discover, contains, among other depth charges, a Teamster-supported provision inserted by Sen. Byron Dorgan that terminates a Bush-era demonstration project to allow some Mexican trucks onto American highways, as required under NAFTA.

    If you thought the AIG hysteria was a display of populist cynicism directed at a relative triviality, consider this: There are more than 6.5 million trucks in the United States. The program Congress terminated allowed 97 Mexican trucks to roam among them. Ninety-seven! Shutting them out not only undermines NAFTA. It caused Mexico to retaliate with tariffs on 90 goods affecting $2.4 billion in U.S. trade coming out of 40 states. The very last thing we need now is American protectionism. It is guaranteed to start a world trade war. A deeply wounded world economy needs two things to recover: (1) vigorous U.S. government action to loosen credit by detoxifying the zombie banks and insolvent insurers, and (2) avoidance of a trade war.
    Free trade is the one area where the world indisputably turns to Washington for leadership. What does it see? Grandstanding, parochialism, petty payoffs to truckers and a rush to mindless populism. Over what? Over 97 Mexican trucks — and bonus money that comes to what the Yankees are paying for CC Sabathia’s left arm.

    washingtonpost.com/wp-dyn/content/article/2009/03/19/AR2009031903041.html

  65. “Thinking people I talk to have reached the conclusion that Obama is pretty much an idiot.”

    ————————–

    Simply said but very eloquent.

  66. Fannie, Freddie Decry Bill to Tax Bonuses
    Proposal Could Put Housing Recovery Programs at Risk if Employees Leave

    By Zachary A. Goldfarb
    Washington Post Staff Writer
    Friday, March 20, 2009; Page A06

    Legislation to severely tax bonuses at companies receiving government aid may imperil the Obama administration’s housing recovery program by igniting an exodus of employees from Fannie Mae and Freddie Mac, employees at the companies said.
    The firms, which own or back half the nation’s home loans, are the major players in the administration’s efforts to lower mortgage rates and keep struggling borrowers in their homes by modifying distressed mortgages and preventing foreclosures.

    Both House and Senate versions of legislation to tax bonuses single out District-based Fannie Mae and McLean-based Freddie Mac by name. The companies, seized by the government last fall, have received about $50 billion in taxpayer assistance.
    The legislation was prompted by disclosures that insurance giant American International Group was planning to pay $165 million in bonuses to employees at its most troubled unit despite a massive taxpayer bailout to save the company.
    By including Fannie Mae and Freddie Mac in the measure, legislators fueled feelings of fear and betrayal at those two companies, where some employees polished their résumés and began to call headhunters who had tried to recruit them in recent months.

    Federal regulators established a retention program at the firms when the government took them over. Under the program instituted by the Federal Housing Finance Agency, employees deemed crucial to the companies’ efforts to carry out government housing plans are eligible to receive retention payments, but some may not receive any. A Fannie Mae employee said this sent a message that “said to employees, we want you to stay and help us implement these new initiatives to prevent foreclosures.” The retention program got attention this week after media reports about four of Fannie Mae’s top executives receiving $1 million or more in retention payments.

    The legislation could affect hundreds of people at the companies, which are among the largest employers in the Washington area. At Fannie Mae and Freddie Mac, where salaries often range from $100,000 and $150,000, retention payments for many people are in the low-to-mid five figures. Many employees lost small fortunes — in some cases life savings — when the government seized the firms and wiped out almost all their shares. Employees put aside work for a time yesterday to attend meetings focused on the potential impact of the legislation, according to several employees at both companies. Workers expressed frustration that they may be penalized for decisions made by derivatives traders at AIG and top executives at banks under some of the legislation being contemplated.

    One Fannie Mae employee who is a mother in her 30s said she turned down a job at another firm because of the government’s promise and now volunteers her own time to help the housing market. “Several of us were told we had special skills,” she said. “We’re people who have nothing to do with what brought Fannie down, and now we’re getting punished. You can’t keep people motivated if you’re going to constantly stress them out.” James B. Lockhart III, the head of the Federal Housing Finance Agency, said it had “intensely supervised the compensation practices” at the companies. “We will continue to work with Congress as we try to ensure that Fannie and Freddie fulfill their critical missions.”

    Others in the Obama administration and Congress were not supportive of Fannie Mae’s and Freddie Mac’s payments. Asked about it on CNN last night, Treasury Secretary Timothy F. Geithner said: “This is an enormous problem across the entire financial system. It’s just important to recognize that part of what got us into this mess was a set of compensation practices that got completely divorced from reality and bore no resemblance to risk.”

    Sen. Charles E. Grassley (Iowa), the top Republican on the Senate Finance Committee, sent letters to the chief executives of Fannie Mae and Freddie Mac yesterday asking for details of the retention program and for the names of any employees who will receive $100,000 or more in bonuses in 2009 or 2010. “Just as with the extravagant bonus pay at AIG, it’s important to make sure that taxpayer support isn’t enabling unreasonable compensation arrangements that would never have been possible without taxpayer assistance,” Grassley said.

    washingtonpost.com/wp-dyn/content/article/2009/03/19/AR2009031903810.html

  67. Shorttermer: if one bad decision (Bush) was made, it becomes essential that the next decision not be a bad one or a worse one as well (Obama).

    The time for vendettas is over. I am no fan of Bush. In fact, the mangagement book I wrote included a case study on his failure as a leader–and that was well before the weight of public opionion turned against him.

    But that hatred of Bush which is rooted in the past must not be permitted to blind people to what this idiot is doing to the country. People have got to see Mr. Obama for what he is: a sociopath. In time this will be apparent to everyone just as the unmasking of Bush ultimately transpired as well, despite the cover accorded to him by Big Media.

    But that is no cause for complacency because the damage this idiot will do to the country in the meantime through errors of commission and ommission could be severe. The appearance he projects is one thing. The reality is something else. Doctor Jeckyl and Mr. Hyde. A sociopath.

    That is why the definition of a sociopath posted above should go viral. Ideally, the fifteen medical criteria would be correllated to the specific actions Obama has taken and the behaviors he has manifested over the course of his career up to and including now. Let the other side argue that he is not a sociopath–I like that dynamic.

  68. Joke of the day

    The DVD’s that Obama gave PM Bown do not work in the UK.

    Compliments from teh ONe and his Teleprompter.

  69. The common law is pretty clear about the impermissibility of ex post facto legislation and bills of attainder. They also happen to be specifically prohibited by the Constitution.
    ————————-
    This is what I have been telling any dimwit who tells me congress was Poopsie was standing up for America when the House passed that improvident piece of legislation and big media offered gushing adulation and praise.

    Krauthamer makes an eloquent argument in favor of reason and common sense. He abhors pitchforks, populism and . . . triviality.

    However, let me say this in defense of pitchforks, populism and . . . triviality. It may well be that this will not rescue us from the fires of perdition, and in some ways it may inhibit the ability of the bomb makers to defuse what they built–if you buy that proposition.

    But there are times when the population realized how rigged–really rigged this system is. Yes, it has always been that way-to a degree. But now, it is over the top. And the practical effect of the lying, cheating and stealing is to deprive millions of Americans of their future.

    Many of them were people who played by the rules, and the people who are the beneficiaries are the people who broke those rules, and got away with it because they supported people like Obama and Pelosi, as well as Bush.

    So you see Sir Charles there is a place for populist anger among those who refuse to be bamboozled. Righteous indigation has the potential to cleanse the soul and the corrupt system both at the same time. So dont knock it until you have tried it.

  70. As the above article makes clear there are so many people who would like to help their country in this situation, to the point that they would volunteer their time and work long hours. Its that way in any war. But here the problem is the absense of legitimate leadership–meaning Obama. No one in their right mind wants to be pressed into his service unless they dont really know him.

  71. Once again Pelosi and her dimwitted dims are so oblivious, so uneducated, so unprepared, and so unreliable that their decision making flaws keep growing and growing. They don’t think before they act. They know fully well that the 90% tax they approved yesterday will probably never see the light of day.

    All these righteous soundbites and “don’t hate me it’s not our fault” garbage is really getting to me.

  72. JanH Says:

    March 19th, 2009 at 8:46 pm
    Michelle Obama: First gardener

    Now isn’t it a shame that obama didn’t apply for the White House’s gardener job?
    &&&&&&&&&&

    (Yiddish accent): “What, you vant him to kill the flowers as well?”

  73. I LOVE THIS WOMAN.

    yahoo.com/s/ap/20090320/ap_on_re_us/palin_stimulus

    Palin rejects nearly 30 percent of stimulus funds
    ————————————————————–

    JUNEAU, Alaska – It’s up to the Alaska Legislature to request hundreds of millions of dollars in federal stimulus funds from the federal government.

    Gov. Sarah Palin said Thursday that she would accept only 69 percent of the estimated $930 million dollars that could flow to the state, including $514 million for capital projects and $128 million for a hike in Medicaid reimbursement.

    Palin said she would accept money that is “timely, targeted and temporary” and does not create strings that will bind the state in the future.

    “I can’t attest to every fund that’s being offered the state in the stimulus package will be used to create jobs and stimulate the economy, so I’m requesting only those things that I know will,” Palin said at a news conference at the Capitol. “Public discussion will have to ensue on all those other dollars that some will say ‘you left on the table.'”

    Some other Republican governors have also announced reservations about accepting the federal money, particularly when it comes to expanding jobless benefits.

    Texas Gov. Rick Perry last week announced that he turned down $555 million of federal stimulus funding that would expand the state’s unemployment benefits. Louisiana Gov. Bobby Jindal has said he would not accept nearly $100 million to expand unemployment benefits. And South Carolina Gov. Mark Sanford has said he only wants to use the federal money to pay down debt.

    Other Republican governors including Charlie Crist of Florida and Arnold Schwarzenegger of California have welcomed the stimulus bounty.

    Palin’s rejection of $160 million for education drew a rebuke from Anchorage Superintendent of Schools Carol Comeau, who said she was shocked and disappointed.

    “We believe that we can make very good use of the funds, not only in job preservation but also in adding new positions to ultimately use these funds to increase student achievement for our neediest children,” she said in a news release.

    Comeau pointed to money that would have gone into training for special education teachers and additional programs and support for needy preschool children.

    The governor has until April 3 to formally request funds from the stimulus package. It’s unclear if legislatures are under the same deadline but Alaska lawmakers likely will stick to the same date to be safe.

    Overall, Palin rejected almost $288 million and many, such as Senate Finance Committee Co-Chairman Bert Stedman, were surprised.

    “I think the Legislature will take a good hard look at the impact on Alaska,” said Stedman, a Republican. “The governor might have a broader view.”

    With so little time left before the April 3 deadline, Stedman expects the Legislature will ask for the full amount, and if they determine later that it would have adverse long-term impacts on the state, to decline it then.

    Alaska has been somewhat cushioned from the effects of the global recession, but the state faces a $2.6 billion deficit over this year and next from low oil prices and declining oil production on the North Slope. Oil makes up about 90 percent of state revenues.

    Sen. Hollis French, a Democrat, said the governor was breaking with a long tradition in Alaska.

    “The state has made its business to get as many federal dollars as possible to help us create an infrastructure and build our state,” he said. “I just really think the governor made a mistake here.”

    Palin on Thursday sent a spending bill to the Legislature laying out funding for capital projects that she is willing to accept, on top of the $262 million transportation stimulus spending bill that is already under debate.

    The additional money Palin said she would accept includes $116 million for a University of Alaska Fairbanks research vessel, $68 million for water and sewer projects, $39 million for public housing projects and $21 million for education and job training.

    Palin did not request funding for energy efficiency and conservation block grants, an expansion of unemployment insurance eligibility, weatherization money, employment services, among others.

    The five-member conservative Republican minority in the Senate supported the governor’s decision. Sen. Con Bunde, a Republican, compared the package to having too much to drink.

    “A good time may be had by all, but the hangover the next day, and the consequences of what you did while you were drunk, may be with you for a long, long time,” Bunde said.

    Palin said she was acting in the best interests of Alaskans but Democratic Rep. Les Gara questioned the motives of the former Republican vice presidential candidate.

    “I read it that she’s going to be running for national office and has a campaign position that unfortunately conflicts with the state’s interests,” he said.

  74. Short Termer
    Thankyou so much for the information about the children’s books Ordered them today. Guess I must have picked the name up some where along the way without realizing it.

    I still believe the entire bonus drama is all smoke and mirrors.
    Anywho has anyone seen The Obama Deception? Sure it a lot of propoganda but I’m curious. Will I need a bottle of Grey Goose to wash it down?

  75. Someone asked what Obama said about Special Olympics. Here it is:

    Appearing on “The Tonight Show” Thursday, the president told host Jay Leno he’d been practicing at the White House’s bowling alley but wasn’t happy with his score of 129. Then he remarked: “It was like the Special Olympics or something.”

    If Hillary had said something like that (though we all know she wouldn’t have), I would’ve cringed. And the media sure as hell wouldn’t be pooh-poohing it by calling it a “gaffe.”

  76. rgb44hrc Says:

    March 20th, 2009 at 11:31 am
    I LOVE THIS WOMAN.

    yahoo.com/s/ap/20090320/ap_on_re_us/palin_stimulus

    Palin rejects nearly 30 percent of stimulus funds

    ————————————————–

    I heard about this earlier today. My only cringe was the Dim spin. What an idiot.

  77. Taipan asks why with markets improving would the fed intervene and massively
    as they did surprising everyone and sending seismic waves through the economy. The answers are speculative but well worth pondering in terms of the depth of this problem, the incompetence of Mr Obama and the connectivity to China. Enjoy.
    ————————————
    Taipan Daily: China, the Fed and Financial MADness Revisited
    by Justice Litle, Editorial Director, Taipan Publishing Group

    Well, they did it. They pulled out the big guns – and caught the world by surprise.

    The Financial Times called it “shock and awe,” further adding that “Federal Reserve plan stuns investors.”

    A Seeking Alpha contributor suggested that “Helicopter Ben” (as in Ben Bernanke, the Chairman of the Federal Reserve) should have his nickname changed to “ICBM Ben,” as in Inter-Continental Ballistic Missile.

    MarketWatch elected to play it straight in their headlines: “Treasury yields drop most since 1987,” they said, following that up with “Dollar plunges after Fed says it will buy Treasuries.”

    Not only did the dollar plunge, but gold moved sharply higher at the same time on Wednesday – thus breaking the remarkably odd coupling that had persisted these past few months.

    In addition to its role as an inflation barometer, gold is a form of crisis insurance. Meanwhile U.S. government bonds (which one must pay for with dollars) are a form of deflation insurance.

    And so, when gold and the dollar are rising simultaneously, the global economy is in a world of hurt. To see gold and the greenback break apart now – like two temporarily fused magnets returning to opposite polarity – thus might well note the end of the global deflation trade.

    A week ago, we noted that something like this could happen. Those who expected deflation to persist had forgotten that “the Fed has not gone crazy yet” (See March 13 piece, Is Gold on “Deflationary Death Watch”? ).

    We can also dial back a little further, to the January 7 Taipan Daily titled, “Don’t Stay Short Treasuries – Short the Dollar Instead,” and find this little nugget:

    If the Fed intervenes to support treasuries (in order to keep interest rates low), they will do so at the expense of the greenback. The Fed has to print dollars, or otherwise release dollars, in order to buy USTs in the open market.

    And so they did. As bonds soared, the dollar crashed. To defeat the deflationary Mothra once and for all, Ben Bernanke has sounded the Godzilla call.

    Solving a Mystery

    I’ll admit, Bernanke had me fooled for a bit. He fooled a lot of people with his dormancy. Though the Fed hinted at buying treasuries in December of 2008, enough time had passed that it looked like they wouldn’t do it after all.

    So why did the Fed decide to go for the gusto (and trash the dollar in the process)? Why now, this week? What follows is an excerpt from the “Weekly Briefing” I send out on Thursdays to Macro Trader members:

    Let’s be clear, this move was a total shock. “Nobody expected such explicit stuff,” portfolio manager Joseph Balestrino said. “It’s good news for markets but bad news because it means the other stuff isn’t working. Things are terrible by the Fed’s own admission.”

    But if things were terrible, why had stocks been rallying? After all, markets had seemed to be improving on their own before the Fed’s big move.

    The banks had already rallied hard… stocks were already going back up… and the Consumer Price Index rose in February by the highest amount in seven months.

    So it was exceedingly strange for the Fed to engage in this “shock and awe” treasury buying exercise after so many signs of improvement had already been coming in.

    There are a few theories as to why the Fed acted out of the blue, stunning investors the way they did:

    1) Ben Bernanke knows something truly awful about the banks that no one else does… yet… and decided to get ahead of the curve by buying up USTs now.

    2) The Fed was afraid that public outrage at the AIG bonuses had become so strong that no more bailout money would be forthcoming from Congress. Buying treasuries thus became the alternative.

    3) Foreign purchases of U.S. Treasuries were starting to dry up, and the lack of buyers for future treasury issues looked ominous.

    Of those three options, we can only guess which is right of course… but my vote is for number three.

    Debt watchers who pay attention to the supply and demand flow for treasuries note that recent numbers looked “horrible.” Economist and blogger Brad Setser further noted this week that “foreign demand for long-term Treasuries has faded.”

    This makes sense. The global exporters no longer have huge trade surpluses to recycle back into U.S. Treasury bonds. Newly optimistic investors are buying fewer Treasury bonds. China is electing to spend its cash horde in different spots around the globe, going on a natural resource buying spree, and has less money for Treasury bonds anyway now that it isn’t exporting as much.

    And so, the Fed may well have felt the need to preemptively position itself as a buyer of last resort for treasuries BEFORE something really ugly happened.

    Financial MADness

    So that’s my guess… the Fed chose to act aggressively, at what seemed to be an odd time, because they feared the bottom was about to fall of the U.S. government bond market.

    Sort of a perverse logic, really. Things were looking so weak in Treasury land, emergency actions led to a short-term boost of colossal strength.

    China may have had a role to play in the Fed’s actions too. Is it a coincidence that just last week, Chinese Premier Wen Jiabao voiced that he was “very worried” about the safety of China’s UST holdings?

    To explore that angle, let’s go way, WAY back now – all the way to May 2005.

    Nearly four years ago, I wrote a piece for the Daily Reckoning called “Financial MADness.” (You can still pull that piece up here.) What follows is the relevant excerpt. (Note too that four years on, the $600 billion figure has morphed into $1.9 trillion or so, an estimated two-thirds of that being U.S. treasuries.)

    As of year-end 2004, China had more than $600 billion in U.S. dollar reserves. That is a sum that could effectively tear the financial plumbing system apart if it were unceremoniously dumped on the markets. With such massive pressure, in a compressed period of time, the pipes would surely burst. Of course, this would be fiscal suicide for the dumpers as well, which is precisely why such a move is not feared. China’s own economy would be sucked into the vortex too, so why would the Chinese put a gun to their own heads?

    The theme that applies here is the doctrine of mutually assured destruction, or MAD – but of the financial sort, rather than the nuclear.

    A product of the 1950s, the doctrine of MAD essentially states that two parties with the capacity to destroy each other will recognize the folly of hostilities. We liquidate the Soviet Union, they liquidate us and nobody wins. So peace is assured, right? Wrong. The flaw in the theory comes in the form of a question: What happens if one side or the other is thrown into political turmoil, or if the reins are taken over by madmen with nothing to lose?

    A Communist Party leadership on the edge of collapse would make a last-ditch bid for stability by any means necessary, which in turn would make it willing to contemplate the financial-Armageddon option, as a form of extreme blackmail, if its hand were forced. If the mandarins feared implosion, they would have the means to not just ask for extraordinary coordination from the United States and Japan, but to demand it. on pain of catastrophic consequences if they were allowed to fall.

    But is this a point in favor of the optimists or the pessimists? Obviously, it’s not a pleasant thought to imagine a breakdown in China’s economy sparking massive civil unrest, in turn leading to a “hot war” with Taiwan as a means of distraction and a catalyst for unifying nationalism, which by extension draws in the United States and sets the stage for the grand finale: the financial equivalent of a hydrogen bomb going off as hostilities escalate out of control.

    Fun stuff eh? That whole line of thought was basically back-burnered for four years, as the good times rolled on and China’s economy powered along with it.

    But now, the seats at the top of China’s leadership pyramid are starting to look shaky again. The doctrine of Financial MADness has become newly relevant – as the Fed’s unprecedented intervention in the treasury market may have shown.

    Bicycles and Tables

    Meanwhile, global markets are showing clear signs of recovery – for now – but China’s ability to maintain stability and growth has become an open question. Minxin Pei, an associate with the Carnegie Endowment for International Peace, wonders openly whether China’s Communist Party will “survive” the crisis.

    Until recently, most leading China watchers thought the Chinese Communist Party (CCP) had become remarkably resilient… Because of the global economic crisis, however, Beijing is in trouble. The problems are numerous: China’s exports are plummeting, tens of millions of migrant laborers have lost their jobs, millions of college graduates cannot find employment, industrial overcapacity is threatening deflation, and the once red-hot real estate sector has nose-dived. The country’s faltering growth is posing the hardest test yet to the CCP’s resilience.

    As financial blogger David Merkel has observed, there is a difference between “table stability” and “bicycle stability.” Table stability implies a solid situation in the absence of change. Bicycle stability implies that things have to keep moving forward.

    A table, in other words, can just sit there. But as soon as the bicycle stops, it falls over. In China’s case, one might say it’s the bicycle factories that have to keep moving forward… lest the whole social order fall over as millions of angry Chinese protest against the permanent disappearance of their jobs.

    Why the U.S. government is ready to hand you a check for $62,881.

    On January 15th, Congress revealed the contents of a highly secret document that’s about to change the face of American energy.

    Page 88 of this 258-page draft gives the details of a $160 billion mega-deal that looks to launch a wave of payouts for as much as $62,881.

    The problem is. almost no one knows how to collect the payments.

    Intriguing Maneuvers

    Make no mistake – Beijing still sits on a mountain of cash. More than half a trillion bucks’ worth of stimulus is wending its way into the system, and there is plenty more dough where that came from in the form of Chinese reserves.

    Whether those cash reserves will be enough to keep China growing is the real question. The possibility that it won’t be enough is what keeps the mandarins awake at night… and possibly leaning hard on the Fed.

    Your humble editor wonders, too, whether China’s recent commodity-buying spree and the Fed’s treasury-buying binge could have a secret hidden connection. Consider this nugget from The Washington Post:

    Chinese companies have been on a shopping spree in the past month, snapping up tens of billions of dollars’ worth of key assets in Iran, Brazil, Russia, Venezuela, Australia and France in a global fire sale set off by the financial crisis.

    The deals have allowed China to lock up supplies of oil, minerals, metals and other strategic natural resources it needs to continue to fuel its growth.

    Could it be that China knew in advance the Fed was going to step in and buy Treasuries – a friendly “heads up” from one government to another, or even a negotiated arrangement of sorts?

    Could it further be that Chinese officials knew the dollar would crash on such Fed actions… a crash telegraphed to them but few others… and thus decided to step up their hard asset buying BEFORE the big event, with the foreknowledge that commodities were set to catch a bid?

    Hmm…

    However complex this web of intrigue might be, the charts at least are fairly straightforward. With the dollar folding like a cheap tent, China writing fat checks around the globe, and major commodities like oil and copper working out a clear bottoming process, hard assets look like an easy buy.

    Warm Regards,

    JL

  78. wbboei Says:
    March 20th, 2009 at 10:14 am

    Thinking people I talk to have reached the conclusion that Obama is pretty much an idiot.
    (SNIP)
    I have one friend I who was a strong Hillary supporter but is so consumed with hatred for the Republican Party in general and Bush in particular that he is willing to cut slack to Obama. I will be seeing him tonight and bringing him a copy of the definition of a socio path.
    &&&&&&&

    My distrust of the Repugs did not evaporate, although I developed a more “nuanced” (less black and white) understanding of the GOP during the general election. Yes, there are Repubs I still loathe (“W, dead man, Cheney, dead”), but some are more moderate, and I did hold McCain and Palin in good regard. I may have disagreed with them on several / many issues or approaches to problems, but I respect them, and their continued performance shows to me that they would have made a good team at the top.

    And Obama lived down to my expectations. I’m not going to cut him slack. Yes, there are good Dems. But way too many spineless Dems, Democrats who DID NOT PRACTICE DEMOCRACY during the primaries, and who are incompetent and/or immoral legistlators (Christopher “Bonus” Dodd).

    Slack? While they’re screwing the public? No way!!

  79. And again I say…thank god Hillary is far away from this mess. May she stay far away and forever protected from the media-sponsored monster currently laying siege to the White House.

  80. And again I say…thank god Hillary is far away from this mess. May she stay far away and forever protected from the media-sponsored monster currently laying siege to the White House.
    ————————
    Amen Jan. Of course if she were in there we would have world class leadership as opposed to this America Idol reject dissing the handicapped and giving us a show and tell of what a sociopath is. But the Big Media piranas would be in high gear–doing what they do best: betraying our country–starting with msnbc, cnn, nyt, washpo, politico and in my opinion tpm.

  81. To move him off that position I stipulate at the beginning of the discussion that Bush was bad, but then ask him to consider the present, the future and how much worse this clown making it. His weak spot is Pelosi so when I remind him that Obama is so spineless that he subcontracted the economy to that loon he starts to open his eyes.
    &&&&&&&&&

    wbboei, Excellent way to sell your point.

    When Obama ditches his responsibilities on a regular basis, MSM tries to spin it:

    * outsourcing
    * delegating
    * “outstanding managerial skill”

    Gee, didn’t we just endure 8 years of this “management style”?

    Obama seeks to gather “power”, but to what end? And just as easily, he then gives it up. “Nancy, you and Harry just cobble something together, and then we’ll all pat each other on the backs at the signing ceremony. And if Plan X fails, I’ll please request you to quietly fall on the sword for me. You know, the “historical presidency” thing, first AA, we don’t want to appear racist, no do we???”

  82. Sorry about the risk of your job, those in Fanny Mae, and I really doubt a lot of them will quit.
    Where are they going to get a job?

    If your lifestyle was based on a bonus, then you should be in trouble. I have see people base lifestyles on working overtime, which was not guranteeded either.

    Bonus are for success of you and your company at performing the job. Your company did not perform. As to what you were promised, why don’t you talk to the police and others who were promised 40 hour weeks, and are now being cut to balance the city budgets. One would think that at least they had a contract for a 40 hour week. I find it hard to understand a contract for a bonus if your company went bankrupt.

    In addition, retirees out there have lost their entire pensions, and medical benifits. So I find your arguing for a bonus as a gurantee, and your entitlement to it when the company is failing DUMB.

  83. And again I say…thank god Hillary is far away from this mess. May she stay far away and forever protected from the media-sponsored monster currently laying siege to the White House.
    —————————-
    Grinning ear to ear, popping in and out of Jay Leno, splain’n his economic plan to the least sophisticated audience around, campaigning with the wrong audiences, and dissing the disabled– our beloved bambi.

    Now he is beseiged by the venerable White House press corps who have taken a short break from their normal task of leading us down the wrong path. Must be a racist plot.

    Why are they so mean to my Barack Obama? Because he is a fourflusher.
    Let the deluded revel in their stupid choice. People with common sense do not have that luxury.

  84. wbboei Says:

    March 20th, 2009 at 10:52 am
    Shorttermer: if one bad decision (Bush) was made, it becomes essential that the next decision not be a bad one or a worse one as well (Obama).

    The time for vendettas is over. I am no fan of Bush. In fact, the mangagement book I wrote included a case study on his failure as a leader–and that was well before the weight of public opionion turned against him.
    &&&&&&&&&

    What is the title of the book you wrote? Or would that reveal personal information that you’d prefer not to share with the world? Just curious..

  85. Obama faces an angry nation
    21/03/2009; The Canberra Times

    Stephen Colbert, a comedian who plays a slightly goofy conservative Republican, began his Comedy Central TV show The Colbert Report this week brandishing a pitchfork. “Nation! I am enraged!” he yelled to his audience. “AIG announced this week that they are giving executives $US165 million [$240 million] in bonuses. Excuse me? That bail-out money is supposed to be used responsibly – in ways we never see, to prop up businesses we don’t understand,” he said. “Well, the Government says they can’t stop it, but we can, folks! Our founding fathers knew that when the rights of the people get trampled we must become a torch-and-pitchfork-wielding mob, empty of all thought. “Let’s go get AIG!” he said, brandishing his pitchfork as his audience cheered wildly. Colbert’s skit came uncomfortably close to the mark. Americans – who have spent a year watching jobs disappear by the hundreds of thousands, unemployment rise to a 25-year high of 8.1 per cent, their neighbourhoods decimated by foreclosures and their pension plans slashed by a stockmarket they barely understand – are viscerally angry.

    But it is not just outrage at the sheer chutzpah of those at AIG who took bonuses after the company was given $US170 billion of taxpayer funds just to survive. The AIG bonuses have laid bare the unbridled greed that has driven US-style capitalism in the past decade, confronting even the most staunch defenders of deregulated markets. It has exposed a lack of moral compass in the system and it has rattled Americans’ faith that the best and brightest will rise to the top and be justly rewarded.
    Just as disturbing for some Americans, though, are the solutions that President Barack Obama proposes: that Government should intervene more strongly, that it should spend billions of taxpayers’ dollars and their children’s tax dollars to rescue companies and banks, that it should spend up big on government projects to save the economy. This isn’t how American capitalism works, either.

    It all boiled over this week. Ordinary Americans jammed phone switches at talkback radio stations, flooded blogs and TV stations with emails and deluged their Congressional representatives as the news about AIG and bonuses to executives kept coming. The company has been forced to enhance security at the Connecticut and London offices of its financial products division, the part of the company at the eye of the storm over bonuses. It was this group of just 350 people whose trade in risky credit default swaps – essentially insurance on the value of mortgage-backed securities – brought the venerable insurance giant undone.

    The lawmakers have responded quickly and with a vehemence that is almost as unseemly as Colbert’s mock call to arms. An Iowa Republican senator, Chuck Grassley, went on radio to suggest that the bonus recipients should “follow the Japanese example” and either resign or commit suicide. Washington has staged its own version of a pillorying. The chief executive of AIG, Edward Liddy, was called before a House of Representatives committee on Wednesday, where he was lectured and harangued about the bonus payments, even though he took over in October at the request of the Government – for a $1 salary – and played no part in writing the bonus schemes. He’d looked into stopping the payments but decided he had no legal avenues. “Malfeasance” and “a complete violation of trust in the people who invested in your company,” said Representative Stephen Lynch, a Democrat from Massachusetts. “Appalling”, said Joe Baca, a Democrat from California. “We have teachers right now across the nation that are receiving pink slips, especially in the state of California. I mean, they’re doing an excellent job, and yet they’re not getting bonuses.”

    Liddy was repeatedly asked to name names, which he refused to do, saying he feared for the safety of his staff. Some, he said, had already handed back the bonuses – ostensibly part of a scheme to retain key staff – which range from $US6 million to about US$100,000. Angered at his refusal, Representative Barney Frank said he would subpoena them.

    Next week it will be the turn of the Treasury Secretary, Tim Geithner, and Chairman of the Federal Reserve, Ben Bernanke, for a public flogging as congressmen seek to find someone – anyone – to blame for what the White House called “outrageous” payments. Meanwhile, President Obama was trying to harness the public anger to drive his push for more regulation and more intervention to stabilise the financial market. “I don’t want to quell anger. I think people are right to be angry. I’m angry. What I want us to do, though, is channel our anger in a constructive way,” he said.
    Polls show he still has a big stock of political goodwill. Some 59 per cent of people approve of the way he is handling the economy, while 40 per cent disapprove, according to a CNN poll taken last weekend, before the AIG crisis erupted. The same poll showed that 86 per cent of people want his policies to work, although a smaller number – 64 per cent – think they are more likely to work than fail.

    But President Obama is walking a fine political tightrope. In this volatile environment, that political capital could quickly evaporate, putting at risk not just his future ability to convince Congress to support further measures to save American banks, but also his own chances of being more than a one-term president. In the short term, keeping the American public’s trust in his ability to handle the economy is paramount. During the election campaign he faced Republican attacks that he was a socialist or, worse, a communist. The tom-toms have begun to beat again about Obama’s liberal agenda.
    Last week Obama hit back, telling a small business round table he was a “strong believer in the free market”. “I believe that our role as lawmakers is not to disparage wealth but to expand its reach, not to stifle the market but to strengthen its ability to unleash the creativity and innovation that still makes this nation the envy of the world,” he said. But in trying to impose remuneration caps, he risks giving the Republicans more ammunition to attack, while at the same time raising expectations too high on Main Street that he can curb the excesses of Wall Street.

    Just as outrageous as the bonuses was the culture of Wall Street, based on greed, excess risk-taking and a bubble-and-bust mentality, he said on Wednesday. “The financial regulatory package that we’re designing, as well as the economic policies that we want to put in place, are going to put an end to that culture,” he said.
    Obama is also grappling with another serious problem. His Treasury Secretary, Tim Geithner, who was confirmed despite overlooking $US43,000 in tax, is now a target, thanks in part to his poor performance in selling the Government’s plan for dealing with toxic assets.

    Geithner insists he did not know about the AIG bonuses until last Tuesday – just days before the bonuses were paid – but Liddy insists he told the Federal Reserve staff months ago and he assumed they were keeping Treasury and the White House informed. The who-knew-what-when drama is now consuming the Washington media, even though Geithner was clearly not responsible for the bonuses and commonsense says that he might have had a few more pressing issues on his desk than $US165 million in bonus payments. Whether it’s fair or not, the newly-minted President has a serious political problem on his hands.

    On Intrade, a futures contract is being offered that Geithner will not survive beyond June. On Wednesday, Connie Mack, a junior Republican in Congress, and some traders on Wall Street went so far as to call for Geithner to quit. The Republican leader of the House, Representative John Boehner, said the Treasury Secretary was “on thin ice”. President Obama, however, expressed “complete confidence” in Geithner and his economic team. “Tim Geithner didn’t draft these contracts with AIG,” Mr Obama told reporters as he left for California on Wednesday. “There has never been a secretary of the Treasury, except maybe Alexander Hamilton during the Revolutionary War, who’s had to deal with the multiplicity of issues that Secretary Geithner is having to deal with – all at the same time. “He is making all the right moves in terms of playing a bad hand,” the President said. But Obama knows that the handling of the economy is the yardstick against which he will be measured by the American people in four years, and selling that message of competence is crucial to his survival.

    For the Republicans, too, the AIG bonus affair has thrown into sharp focus the party’s internal conflicts. Several Republicans gleefully reminded their Democratic colleagues this week that they did not support government bail-outs in the first place. The decision to bail out AIG was the policy misstep, not the bonuses themselves. Others, heeding the public outrage, were more focused on how to prevent such payments in the future. By Thursday, when a bill to tax the AIG payments at 90 per cent went to a vote, it seems that outrage and free-market capitalism had claimed roughly even numbers. Eighty-seven Republicans, joined by six Democrats, voted against the bill. Boehner described the bill as a “sham” which would not work. But 85 Republicans voted alongside 243 Democrats for the measure, which needed a two-thirds majority. The Senate is due to vote on a similar bill next week.

    Obama’s success in crafting a new, more morally-centred form of US capitalism will need the support of some of those Republicans down the track. His huge agenda of regulating the markets more effectively will be just one plank in an agenda that is, perhaps, more weighty than any other in history.

    http://www.smh.com.au/world/obama-faces-an-angry-nation-

  86. I have see people base lifestyles on working overtime, which was not guranteeded either.
    ——————–
    Me too. And they bleed the clock to maintain them.

  87. NewMexicoFan Says:

    March 20th, 2009 at 12:20 pm
    Sorry about the risk of your job, those in Fanny Mae, and I really doubt a lot of them will quit.

    ——————————-

    This is what bothers me about all those threats that Wall Street, banks, Fanny Mae, et al will lose brilliant management/workers if bonuses, etc… are taken away from them.

    Excuse me, but aren’t these the same greedy people who cheated and caused so many to default on mortgages, lose their life savings and jobs? So we are now being threatened that if we don’t reward the crooks they’ll go away???

    Well then, bye bye, ta ta, don’t let the door hit you on the way out. I am sure there are many honest and hard-working workers just clamoring to take your place!

  88. rgb: I will look to see if I still have the case study on my hard drive. If I do I will post it. It dealt with Iraq. And it presented Hillary as a world class leader vs. Bush as a failed leader in terms of the executive leadership principles I was attempting to elucidate thoughout the book.

  89. CNN EXPOSING OBAMA’S WORDS AS MEANINGLESS?? SAY IT AIN’T SO…

    Was the job of being Obama’s mouth-piece excuse-making machine too much to handle for 8 years?
    Was the job of being Obama’s mouth-piece excuse-making machine too much to handle for only 8 weeks?

    cnn.com/2009/POLITICS/03/19/aig.fallout/index.html

    Analysis: Obama’s ‘blame me’ means ‘move on’
    ————————————————————-

    By Kristi Keck

    CNN) — President Obama topped a town hall appearance Wednesday by claiming responsibility for the bonuses paid out to executives at the bailed-out insurance giant American International Group, saying, “I’m outraged, too.”

    Cushioned by high approval ratings, analysts said Obama can emerge from this controversy relatively unscathed, but there’s only so many times he can get away with saying, “Blame me.”

    AIG accepted more than $170 billion in federal assistance in the past six months. It was revealed this week that since accepting those funds, the company doled out more than $165 million in bonuses.

    In the stimulus bill passed last month, Congress had an opportunity to put a stop on those mega-bonuses. But in a last-minute adjustment the language of the legislation was changed.

    Sen. Christopher Dodd, chairman of the Senate Banking Committee, told CNN on Wednesday that he was partially responsible for adding the loophole after coming under pressure from the Treasury Department. At the time, he said, the changes “seemed like innocent modifications.” Watch what Dodd says about his role »

    “I know Washington’s all in a tizzy and everybody’s pointing fingers at each other and saying it’s their fault, the Democrats’ fault, the Republicans’ fault. Listen, I will take responsibility. I’m the president,” Obama said Wednesday at the town hall meeting in Costa Mesa, California.

    But the president’s mea culpa wasn’t all encompassing.

    “We didn’t draft these contracts,” he said. “We’ve got a lot on our plate. But it is appropriate when you’re in charge to make sure stuff doesn’t happen like this. So for everybody in Washington who’s busy scrambling to try to figure out how to blame somebody else, just go ahead and talk to me, because it’s my job to fix these messes even if I don’t make them.” Watch Obama claim responsibility »

    Those comments, said economist Peter Morici, were hardly apologetic.

    “I think frankly it’s a disingenuous comment because he isn’t doing very much about the problem, and after all it was the White House that leaned against Sen. Dodd regarding that amendment in the stimulus package,” said Morici, a professor of international business at the University of Maryland and the former chief economist at the U.S. International Trade Commission.

    Stephen Hayes, a CNN contributor and columnist for the conservative magazine The Weekly Standard, also wrote off Obama’s words as “phony.”

    “He tried to take responsibility for it, but then he followed that up immediately by saying, look, we didn’t write these contracts. I didn’t create this mess. So, it felt a little bit like phony responsibility to me,” he said.

    Obama’s remarks followed denials from Dodd that he had anything to do with the controversy and assurances from Obama’s economic advisers that they had no control over AIG’s bonuses.

    Now, Treasury Secretary Timothy Geithner is facing criticism from some Democrats and calls from some Republicans to step down, and the Obama administration is left with yet another bump on the road to restoring public confidence in government.

    In responding to the situation, professor and political adviser Drew Westen said Obama got it right, but his message was drowned out by the response of this economic team.

    “But watching some of the president’s chief economic advisers publicly throw up their hands in helplessness, suggesting the government could feed the monster but couldn’t control it, was a reminder of what happens when presidential surrogates speak without proper media training, a unified message and a clear sense of why getting their message right on this really matters,” Westen wrote in a commentary for CNN.com. Read Westen’s advice for Obama

    “The president needs to make clear where his policies — and values — depart from those of the previous administration if he wants people to hang onto their tenuous, newfound belief that maybe this time government is part of the solution and not the problem,” wrote Westen, who informally advised Obama’s presidential campaign.

    In Obama’s case, “blame me” is political code for “move on,” said Candy Crowley, CNN’s senior political correspondent.

    Obama’s approval ratings have hovered around 60 percent in recent weeks, slightly higher than his predecessors’ numbers near the same time.

    Given those ratings, Crowley said, Obama “is well-positioned to weather out this storm.”

    “He faces some political risk in the face of the revelation that his Treasury Department pushed for and got a legislative loophole, which AIG walked through to dole out its bonuses. Still, at the moment it is difficult to see the president taking a major blow,” she said, noting that most of the outcry has been directed at AIG and Geithner. iReport.com: Share your thoughts on AIG and Obama

    Bill Schneider, CNN’s senior political analyst, pointed out that taking responsibility is different than “getting the blame.”

    “It’s vaguer. It means, ‘Because I’m president, I am ultimately responsible for what happens, even if I didn’t do it,’ ” he said.

    Schneider said it’s not likely that the public will blame Obama for the bonuses, but the president must reassure Americans that he is on their side.

    Now, Treasury Secretary Timothy Geithner is facing criticism from some Democrats and calls from some Republicans to step down, and the Obama administration is left with yet another bump on the road to restoring public confidence in government.

    In responding to the situation, professor and political adviser Drew Westen said Obama got it right, but his message was drowned out by the response of this economic team.

    “But watching some of the president’s chief economic advisers publicly throw up their hands in helplessness, suggesting the government could feed the monster but couldn’t control it, was a reminder of what happens when presidential surrogates speak without proper media training, a unified message and a clear sense of why getting their message right on this really matters,” Westen wrote in a commentary for CNN.com. Read Westen’s advice for Obama

    “The president needs to make clear where his policies — and values — depart from those of the previous administration if he wants people to hang onto their tenuous, newfound belief that maybe this time government is part of the solution and not the problem,” wrote Westen, who informally advised Obama’s presidential campaign.

    In Obama’s case, “blame me” is political code for “move on,” said Candy Crowley, CNN’s senior political correspondent.

    Obama’s approval ratings have hovered around 60 percent in recent weeks, slightly higher than his predecessors’ numbers near the same time.

    Given those ratings, Crowley said, Obama “is well-positioned to weather out this storm.”

    “He faces some political risk in the face of the revelation that his Treasury Department pushed for and got a legislative loophole, which AIG walked through to dole out its bonuses. Still, at the moment it is difficult to see the president taking a major blow,” she said, noting that most of the outcry has been directed at AIG and Geithner. iReport.com: Share your thoughts on AIG and Obama

    Bill Schneider, CNN’s senior political analyst, pointed out that taking responsibility is different than “getting the blame.”

    “It’s vaguer. It means, ‘Because I’m president, I am ultimately responsible for what happens, even if I didn’t do it,’ ” he said.

    Schneider said it’s not likely that the public will blame Obama for the bonuses, but the president must reassure Americans that he is on their side.

    While the president has room to take blame for this problem, Crowley said, if this hiccup is followed by a series of squalls, “the picture changes.”

    “The president needs to take his own advice now, and move on — or at least try. Whether he is forced to address it again depends on circumstances and whether his critics are able to capitalize on the moment to suggest things are not being properly watched,” she said.

  90. In Obama’s case, “blame me” is political code for “move on,” said Candy Crowley, CNN’s senior political correspondent.
    &&&&&&&&&&

    I love how these people get religion about “competence” and “responsibility” only AFTER helping elect an incompetent, irresponsible huckster.

    Hey Candy, lay off the candy bars.

  91. wbboei – I learned from an older supervisor. When people would slow down during the day, she gave the OT to the people who had completed their work. I thought she had the right idea.

    JanH in my former career the contractor or project manager would always use the same threat when we cut funding, We will lose all of our expertise. We had contracted just so we could increase and decrease the workforce, but then have a hard time doing that.

    Also, when I would ask for good bookkeeping numbers from the contractor, they would say they had to develop a whole new expensive system, to get what I wanted. I would say, I can purchase a wrench with a credit card from Sears, and they have no problem getting it billed right. Maybe you should purchase the system Sears has, and I am sure it will be cheap. Of course I knew that they had the management information they needed to control their cost. They just did not want me to have better information.

  92. Uncle Teddy must be so proud of his “legacy” and particularly how “the one” is advancing awareness of “Special Olympics”…

  93. Anyone heard of the Obama plan to reach out to Iran? It sounds like he wants to live up to one of his campaign promises, to boldly/blindly/recklessly reach out a friendly hand to a known hostile country.

    yahoo.com/s/ap/20090320/ap_on_re_mi_ea/ml_iran_obama

    Iran plays down new Obama video message
    ————————————————————-

    TEHRAN, Iran – Iran played down President Barack Obama’s new video message to the Iranian people on Friday, saying it welcomed the overtures but warned that decades of mistrust can’t easily be erased.

    Obama released the video to coincide with the major Iranian festival of Nowruz, a 12-day holiday that marks the arrival of spring and the beginning of the new year in Iran. In the video, which has Farsi subtitles, Obama said the U.S. is prepared to end the strained relations if Tehran tones down its combative rhetoric.

    But in the first government reaction to the video, Iranian President Mahmoud Ahmadinejad’s press adviser said “minor changes will not end the differences” between Tehran and Washington.

    “Obama has talked of change but has taken no practical measures to address America’s past mistakes in Iran. If Mr. Obama takes concrete actions and makes fundamental changes in U.S. foreign policy toward other nations including Iran, the Iranian government and people will not turn their back on him,” Ali Akbar Javanfekr told the Iranian state-run English-language Press TV satellite station.

    It wasn’t clear how many Iranians were able to see the video, which was not aired on state television in Iran on Friday. It was likely shown on Farsi-language TV stations beamed in from outside of the country, but many Iranians don’t watch television in the first days of long Nowruz holiday that is normally filled with family gatherings or vacations away from home.

    Iranians could see the video on the White House Web site, but other popular video sharing sites like YouTube are blocked in Iran.

    Obama has repeatedly signaled a willingness to engage with Iran about its nuclear program and hostility toward Israel, a key U.S. ally. At his inauguration, the president said his administration would reach out to rival states, declaring “we will extend a hand if you are willing to unclench your fist.”

    But Iranian leaders have been not been as eager. Ahmadinejad has said Iran would welcome talks with the U.S. — but only if there was mutual respect. Iranian officials say that means the U.S. needs to stop accusing Iran of seeking to build nuclear weapons and supporting terrorism, charges Tehran has denied.

    Iran and the United States broke off diplomatic relations after the 1979 Islamic revolution and the takeover of the U.S. Embassy in Tehran by hard-line students.

    On Friday, Javanfekr blamed the United States’ “hostile policy toward Iran” for the tense ties between the two countries. He said Iranian’s “will never forget” Washington’s past actions including the U.S.-backed coup that toppled the elected government of Prime Minister Mohamed Mossadegh in 1953, its backing of Saddam Hussein during Iraq’s war with Iran in the 1980s and the downing of an Iranian airliner in 1988 by a U.S. naval ship.

    But in Europe, the EU’s policy chief urged Iranian officials to accept Obama’s oustretched hand.

    “It’s a very constructive message,” Javier Solana said at an EU summit in Brussels. “I hope that will open a new chapter in relations with Tehran.”

  94. Just watched the O—a Deception movie. I read a very heated debate on Pumapac last night regarding it. So I decided to watch it.
    I feel greatly saddenned if even 2 of the theories presented are true. The film itself was greatly disjointed.
    The bit about the compulsory public service bit I thought about few a few minutes. My first thought was a big fuck you if I were told I had to do something. I have volunteered all my life for different things and I would not be commanded by anyone to give of myself. But then I thought if tomorrow they said do it or go to jail I would do it because I have a responsibility to a little pooping thing

  95. One thing I did glean from the film is a certain begrudgingly offered respect for the waffles campaign team. I had always turned off Robert Gibbs the second he spoke. Saw him a few times in the film and I noticed that he pretty much responds the same way each time. So I went back and found a few more Gibbs bits and yep same thing. Psychologically his tripping over words and stammerring is glossed over.Is it because he is an unattractive non descript bland balding in no way THREATENING that his inability to do his job is forgiven?

  96. One more thing about Gibbs I am convinced his resemblence to the pilsburry dough boy definately creates a bit of percieved difference between he and eww that one.

  97. so look at what we have ended up with…a Stand-In Prez that delegates his stimulus and omnibus bills to Nancy Pelosi…the bills that he promised he was going to take a scapel to and go thru line by line to cut waste and abuse…instead he allows 9000 earmarks and let’s others do the work, rushes the whole mishmosh to get passed and doesn’t even READ what he is signing…

    …then he delegates the whole banking/credit fiasco to Tim G who is grossly understaffed, has obvious conflicts of interests and instills no confidence in even Dems or Dims…once again, someone else left to do the work…

    …and now we get O, as he continues to flit around saying ‘he is the Prez’ and the responsibility falls to him…while he continues to read to us via his tele and lecture us…but does none of the hard work…the communication…just keeps reading from that damn teleprompter…I cannot believe one word that comes out of his mouth…how stupid are the so-called progressives to keep buying his sctick while he is selling us out right in front of their eyes…

    can you imagine if Hillary or McCain or Bill had secretly gone to the congress and removed the restrictions on wall st/AIG thiefs and not only given them our taxpayer money that is going to foreign banks working against us, but also paved the way for them to get millions in bonusues…the left would be freaking out, but they give this guy a pass and keep clapping for him…

    I was thinking of Bill this morning and how he would take such care to explain to ‘us’ what he was trying to do and why…and explain why he would compromise and why he would not…always breaking everything down so the average person got a handle on complicated issues…

    …and now O begins campaigning for his next term…and let’s just cut to the chase…he is a liar…I just saw a clip with Arianna H on Joe S show…and even she, an Obama cheerleader, could not sit there with a straight face…Obama went on Leno last night and just continues to lie about what he knew and when he knew it…and how ‘stunned’ he was over the bonuses…as even Joe S said ‘how stupid does he/they think we are?’
    …there has been discussion about this in the press since last November…what kind of fools does he take us for?

    Obama is the problem…you can just feel the corrupt Chicago imprints…not some innocent bystander…and all this in two months with four years left…unfreaking believable…

  98. S
    Gotta say the fact of mid-term elections was a brilliant creation by the founding fathers. Cannot wait to vote and contribute to the downfall of these usurpers

  99. S Says:

    March 20th, 2009 at 2:34 pm

    ———————————

    How could we even think that obama would demean himself so low as to do “irritating clerical work?”

  100. JanH

    I watched just a snatch of a Press Conference, and he was justifying that the budget had to be gone over by line item, and would take some time.

    That is what you always do with a Budget, even when times are tough. Oh, that is right, he has never had to handle a large complex budget before. Ready to lead from day one NOT.

  101. Jan H – we should have been forwarned when he told us how much he needed people around him in the primaries to keep track of his ‘paperwork’ etc

    his ego is to big to take care of himself…and he always has his best friend, telep…

    just read that the DVD’s he gave Brown do not work in England and that it is all over the news over there…Can this guy do anything right?

    and also that evidently Maxine Waters went on the radio and was not happy…

    Maxine Waters of California went on the “Joe & Mika Radio Show” and said the President and Treasury and Chris Dodd “have some explaining to do,” suggesting that the “President is not up to speed on what is going on.” Here’s a transcript:

    “Well, you know, they’ve got some explaining to do and I think the President is going to have to clarify to the American public what took place between Treasury and Mr. Dodd. Obviously there was, appears to have been some kind of agreement that they would protect the AIG from having to give those bonuses. I don’t know who said what and when. Chris Dodd said he wrote the language but that he was pressured practically by Treasury. Maybe the President is not up to speed on what is going on. But I think it is going to have to be clarified.”

  102. Tomorrow, there will be a townhall meeting, in the town where I live. Should be interesting. I called to clarify the time, and the receptionist said that they were going to try to have more chairs available, since more people have been coming to them.

    My congressman is one of the sponsors for the bill dealing with volunteerism. He is also in favor of taxing employee health benefits. Should be an interesting meeting.

  103. Friday, March 20, 2009,

    US supports deeper EU integration, says Clinton

    By DENIS STAUNTON

    Deeper European political integration, including the enhanced EU foreign policy role envisaged in the Lisbon Treaty, are in the United States national interest, according to secretary of state Hillary Clinton. In an interview with The Irish Times , Mrs Clinton said that, while treaty changes are strictly a matter for EU member-states to decide, the Obama administration would welcome a more coherent foreign policy role.

    “I think there would be advantages in having an interlocutor who represented decisions taken by the EU. It wouldn’t in any way eliminate the bilateral relations which the United States pursues with individual countries but on a number of matters, the EU being organised in that way could facilitate decisions,” she said. “I believe [political integration is] in Europe’s interest and I believe that is in the United States interest because we want a strong Europe . We want a strong transatlantic alliance. So again, we don’t have any vote or voice in these internal European matters but the Obama administration welcomes actions that strengthen Europe and relations among European nations, a commitment on the part of Europe to be a full participant and leader in a lot of these global challenges.”

    Mrs Clinton played a prominent role in this week’s talks between US and Irish leaders, taking part in the Taoiseach’s bilateral meeting with president Barack Obama and holding separate meetings with Foreign Affairs Minister Micheal Martin, the North’s First Minister Peter Robinson and Deputy First Minister Martin McGuinness and PSNI chief constable Sir Hugh Orde. She insisted, however, that Washington’s interest in its relationship with Ireland went beyond affection and the goodwill felt by successive US administrations.

    “We have a very strong economic relationship that we hope can weather this economic crisis and continue to create jobs and opportunities in both of our countries. There’s a synergy, in part because we speak the same language, we have a lot of the same values and shared interests we want to build on so we have a stronger partnership going forward,” she said. “Secondly, we have a lot of shared responsibilities. The commitment that Ireland makes to global security with over 800 troops I think they told me being involved in peacekeeping missions, including Afghanistan , is a significant commitment and really sets a standard, an example for other nations. And similarly, on the development and humanitarian aid front, Ireland is a leader. That gives the United States not only a partner that we can count on to meet the problems and seize the opportunities that we face in the world today but it just further connects us going forward.”

    Condemning “rejectionist efforts to turn the clock back” in the North, Mrs Clinton said the success of the peace process helped to make the case for reconciliation and negotiation in other conflicts. She was cautious, however, in drawing comparisons between Northern Ireland and the Middle East , where former senator George Mitchell has recently taken up a peace-making role on behalf of the Obama administration. “I believe that his analysis would point to certain legitimate comparisons. But there are obviously great differences in the make-up and the nature of the conflict,” she said.
    “But one thing that is in common is the United States government’s commitment to be engaged. That was something that my husband did when he was president with both Northern Ireland and the Middle East . Progress was made but there was no final resolution in a peace agreement in the Middle East in the way there was in the Good Friday Agreement. But the fact of American engagement, which we are once again committed to in the Obama administration, makes the difference.”

    She restated the US position that Hamas must fulfil conditions set down by the Quartet made up of the UN, the EU, the US and Russia – renouncing violence, recognising Israel’s right to exist and abiding by previous agreements – before it can join peace talks. “In order to be a participant in peace talks, you have to believe in peace and you have to be willing to sit at the table and recognise that there is another side and the other side has to be there,” she said. “So the path is very clear. But just as it took an enormous amount of effort to get the parties to the table in Northern Ireland, it will take both effort and change and commitment on the part of Hamas to be recognised and included in any such process in the Middle East.”

    irishtimes.com/newspaper/breaking/2009/0320/breaking59.htm

  104. How can I find out what legislation has been passed in the last week while everyone has been fixated on the bonuses.
    I think we are so being played to the 10th power. The people behind bambi know far better than to allow this to happen so I assume it is a ruse so what it is the objective. never I doubt in the history of news has a campaign been covered like waffles— exhibition a the article about bambi and his special olympics “gaffe” ended the article about waffles having a poor game of bowling and the very last line was one of his few gaffes during the campaign.
    His few gaffes —you pathetic kissing ass wanna be scribe what about 57 states and oh so many many more.
    No name on the article from the AP to which I could respond. But how dare that suckass call themself a journalist.

  105. If “the one” would not have race baited Bill in the primaries,I am sure Bill could be used to help our country in such a dire time. Hillary is trying to save the world, but it is tough when your boss is too green to even appreciate the type of 24/7 work POTUS takes. Imo, Bill will do waht he can to help Hillary suceed, but do nothing for Obama. I can’t say I blame him as to portray a southerner, like Bill, as a racist is the cruelest and most despicable thing one can do. God bless the Clintons.

  106. Instead of acting like a B-rated movie star, obama should be up to his neck in paperwork back in the Oval Office. He could send out others to try and salvage his polling and stimulus plan.

    Instead it’s as if they give him the elementary school level chores and take on the rest themselves. Unfortunately none of these Dims know what the heck they are doing. I guess that’s what you get for voting in such an “experienced” loser.

  107. HUFFPOSTER, ‘NOTHER BOT WITH “OBAMA-VOTE-REGRET SYNDROME”

    huffingtonpost.com/2009/03/20/what-obama-said-last-nigh_n_177401.html

    What Obama Said Last Night That Really Was Controversial
    ———————————————————————————

    So, while everyone was losing their minds at President Barack Obama’s ill-advised “Special Olympics” quip, here’s an interesting part of the interview that seems to have gone unremarked upon, by and large:

    LENO: Well, when will the money — this money was given out to the banks. I would have thought by this time it would have sort of trickled down to Main Street, to people wanting to get loans — I mean, it all went out there months and months ago. Where is it?

    OBAMA: Well, what’s happening is a lot of these banks are keeping it in the bank because their balance sheets had gotten so bad that they decided, you know what, for us to stay solvent we need to maintain certain capital ratios; we’ve got to have a certain amount of capital in the bank — and they haven’t started lending it yet. And that’s why what we’ve got to do — right now what we’re doing is essentially doing a diagnostic test — trying to use some auto language here so you — (laughter) — we’re doing a diagnostic on each of the banks, figuring out what are their capital levels? Can they sustain lending? And then I think we’re going to separate out — those banks that are in good shape, we’re going to say to them, all right, you’re on your own; go start lending again. Those banks that still have problems, we’ll do a little more intervention to try to clean some of those toxic assets off their books.

    But I actually have confidence that we’ll get that done. In the meantime, we’re taking a lot of steps to, for example, opening up — open up separate credit lines outside of banks for small businesses so that they can get credit — because there are a lot of small businesses out here who are just barely hanging on. Their credit lines are starting to be cut. We’re trying to set up a securitized market for student loans and auto loans outside of the banking system. So there are other ways of getting credit flowing again.

    So let me get this straight. We have here broad acknowledgment that the first bank intervention didn’t work because the banks used the money to bolster their capital ratios instead of lending the money out, which was the whole point of the intervention in the first place. Additionally, we have Obama talking about the need to “set up a securitized market… outside of the banking system” in order to “get credit flowing again,” and establish the very lending that the bank intervention was supposed to have achieved. Isn’t this an indictment, plain and simple, of TARP? And yet, after these “diagnostic tests,” we may yet end up doing “a little more” TARP-style “intervention?”

    This looks to me like we’ll be pursuing both an admittedly unsuccessful policy AND a stopgap policy to mitigate the former policy’s lack of success, simultaneously.

  108. Bambi– diss the individuals who are physically and intellectually challanged but strive to do more
    gibb- he didn’t mean anything by comparing himself to those that possess incredible physical challanges every single moment of evey day
    shriver– nephew of tk whose family got the pathetic piece of shit into the white house who now heads the special Olympics its insensitive but okay
    FU all
    This has gone beyond absurd. The president of the united states making “light” of the persons most challanged to exist in the world.
    I cannot believe that this wouldn’t trip over a bunch of the people that thought he was something beyond.
    I just cannot in anyway rationalizze how anyone can skate over the statement.Especially if you take into consideration the context of the show. What was he saying??????
    Freudian slip perhaps???

  109. Obama misses the campaign…

    Today on NPR, they described how Obama is seeking to “arouse the populace” (reawaken his by-now disenchanted Bot supporters) to have the fan out across the country in support of his budget, which is going to do ALL THESE WONDERFUL THINGS.

    You could tell he misses people springing into action at the snap of his fingers:

    “Donate now! Good boy”
    “Assemble in the Colesium to see Hillary ravaged by lions”
    “Make your grandma vote for me, oh yeah, and send $25”
    “ACORN, you know what to do…the “usual”
    “Go across your town and rip down Hillary signs…ummm, because, ummm…they ripped down our signs first”

    Yeah, the fun of the campaign, no responsibilities, endless promises, surging crowds of people who were not yet aware what a hoax you were, yeah, those were fun times.

  110. oh god wouldn’t it be brilliant if everyone online that is anti-obama were able to show that his bowling statement about impaired physical people being able to throw a ball down a lane which they cannot see is absolutely the perfect metaphor for having this useless slug in the Whitehouse

  111. S Says:
    March 20th, 2009 at 2:34 pm

    I just saw a clip with Arianna H on Joe S show…and even she, an Obama cheerleader, could not sit there with a straight face…
    &&&&&&&&&&

    Anyone know what the topic was about? any link?

  112. found it:

    huffingtonpost.com/huff-tv/arianna-discusses-aig-bon_b_177345.html

    Arianna Discusses AIG Bonuses and Backlash on Morning Joe
    ———————————————————————————

    Arianna appeared on Morning Joe Friday morning to discuss the AIG bonus fiasco and the backlash surrounding it. Other topics included Chris Dodd’s role in the bonus controversy and Obama’s appearance on The Tonight Show.

    (has video clip)

  113. Scarborogh mentions the Who’s “Won’t Get Fooled Again” lyrics:

    Meet the new boss,
    same as the old boss.

    Joe: It doesn’t matter who’s in the WH, Wall St. is always running Treasury.

  114. I will never forgive or forget the way A. Huff-N-Puff supported Obama. I was also enraged to learn yesterday on CNN that a poll showed Oprah got i million votes for Obama!!!!!!!!!!!!!!! That clearly made a big diff3erence. Why do people still watch her? I also read on :Drudge” that CNN’s ratings are way down…..The few of us here knew this would happen, yet, were taunted as betraying our party. I saw Romney on King last night….I don’t particularly like him, but he has great hair, a great tan, and seems to know his economics.

  115. And in the clip, Obama is explaining how Geithner is doing the best he can with “the plate that was handed him”.

    And Leno says, “I like the way it’s His (Geither) problem”.

  116. Romney is such a Perfect Specimen, perfect hair, perfect teeth, perfect wife, perfect kids, it’s scary.

    I expect to unscrew a few bolts behind him and see that he’s a robot.

  117. My daughter, who is disabled, saw the news this morning about Obama’s remark. She’s upset. She sent me this:

    vids.myspace.com/index.cfm?fuseaction=vids.individual&videoid=54368160

  118. HillaryforTexas
    the POS should be beyond reproach which is why they have never exposed themselves to the atmosphere of the night circuit’
    The man is an ass.
    Grew up in a big way in a children’s hospital– i had open heart in the seventies- and I was lucky I survived.
    What really hit me about bambi’s childish statement was that it hurts those that care for individuals more than it will ever hurt the special olympic children.
    And as such I am outraged that the fuck can simply cast off a callous statement almost like well they are retarded so does it matter. Why is our media so beyond dispicable that they cannot see that the statement refers more to those who give of themselves to love and be loved and are challanged every day and do not need thier president reducing them or thier children to get points on a stale talk show about bowling.
    And a big shame on leno for not responding.

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