Obama Press Conference: Insults Andrew Cuomo and Americans

Andrew Cuomo talked right and acted right when he heard about the AIG bonuses. For that jealous Barack Obama implied Cuomo is stupid.

PINO Big Blogs are celebrating because they think Obama smacked down Ed Henry of CNN, who asked a key question last night. Obama did not smack down Ed Henry – Obama insulted Andrew Cuomo and all Americans.

On Monday, Tina Brown assessed the AIG scandal and Andrew Cuomo:

…we now see the ascendance of New York Attorney General Andrew Cuomo as the unexpected man of the hour. He looked great when he went after Merrill Lynch’s commode-loving CEO John Thain over the obscene bonuses he paid out just before Merrill was taken over by Bank of America, and even better when he subpoenaed the excessive bonus details from AIG. Last night, he scored big when he announced that 15 of the top 20 retention-bonus recipients in AIG’s financial-products unit had agreed to give back their spoils, bringing Cuomo’s haul to $50 million—a pittance in the scheme of things (only 50 percent of the bonus bucks), but a big haul of psychic satisfaction to the walking wounded seething for some vestige of reparation.[snip]

He has avoided bombast and picked his targets carefully. [snip]

…Cuomo’s nuanced approach can be seen in his case against Merrill Lynch and Bank of America. Cuomo said very little personally about the key players involved and when he did, it was only about the issue at hand. He has merely stated the obvious: that Ken Lewis and John Thain are thwarting his investigation by not providing more information on the bonuses. If Cuomo goes on drawing blood with a rapier, he’ll make the populist hysterics in Congress look even more retro.

Cuomo did well while Obama and his henchmen protected Big Business looters and said there was nothing Obama could do about the scandalous bonuses. Only after the explosion of anger by the American people did Obama feebly try to pretend to care about the bonuses.

Last night Obama praised his do-nothing vaction/party self and implied that Andrew Cuomo did not know what he was doing.

Transcript:

QUESTION: You spoke again at the top about your anger about AIG. You’ve been saying that for days now. But why is it that it seems Andrew Cuomo seems to be, in New York, getting more actual action on it? And when you and Secretary Geithner first learned about this, 10 days, two weeks ago, you didn’t go public immediately with that outrage. You waited a few days, and then you went public after you realized Secretary Geithner really had no legal avenue to stop it.

And more broadly — I just want to follow up on Chip and Jake — you’ve been very critical of President Bush doubling the national debt. And to be fair, it’s not just Republicans hitting you. Democrat Kent Conrad, as you know, said, quote, ”When I look at this budget, I see the debt doubling again.” You keep saying that you’ve inherited a big fiscal mess. Do you worry, though, that your daughters, not to mention the next president, will be inheriting an even bigger fiscal mess if the spending goes out of control?

PRESIDENT OBAMA: Of course I do, Ed, which is why we’re doing everything we can to reduce that deficit. Look, if this were easy, then we would have already had it done and the budget would have been voted on and everybody could go home. This is hard. And the reason it’s hard is because we’ve accumulated a structural deficit that’s going to take a long time, and we’re not going to be able to do it next year or the year after or three years from now. [snip]

QUESTION: So on AIG, why did you wait — why did you wait days to come out and express that outrage?

PRESIDENT OBAMA: I —

QUESTION: It seems like the action is coming out of New York in the attorney general’s office. It took you days to come public with Secretary Geithner and say, look, we’re outraged. Why did it take so long?

PRESIDENT OBAMA: Well, it took us a couple of days because I like to know what I’m talking about before I speak. (Laughter.) All right?

Obama thinks Andrew Cuomo spoke before he knew what he was talking about? Cuomo was right and Obama was a boob so Obama trashed Cuomo.

Obama not only trashed Andrew Cuomo, Obama cheaply displayed his inner George Bush. “It’s hard” said Obama; “it’s hard” said George W. Bush.



After insults directed towards New York Attorney General Andrew Cuomo, and imitation of George W. Bush, Obama decided to insult the intelligence of Americans.

Transcript:

QUESTION: At both of your town hall meetings in California last week, you said, quote, ”I didn’t run for president to pass on our problems to the next generation.”

But under your budget, the debt will increase $7 trillion over the next 10 years. The Congressional Budget Office says $9.3 trillion. And today on Capitol Hill, some Republicans called your budget, with all the spending on health care, education and environment, the most irresponsible budget in American history.

Isn’t that kind of debt exactly what you were talking about when you said passing on our problems to the next generation?

Obama immediately played the blame game which he says he wants to end but constantly indulges in. Next, Obama pushed the fiction that he drives down the deficit “over the first five years”. That is only true due to the massive spend, spend, spend, in the initial years but Obama increases the debt without restraint every year.

Obama defended his rosy scenario as somehow consistent with reality – it isn’t. Obama was pressed by Chip Reid that “Then, after that, six years in a row it goes up, up, up” and Obama was forced to concede that yes, his “budget overview” does indeed raise the deficit.

Obama is talking out of all sides of his multi-sided mouth and many economists say Obama relys on false rosy scenarios:

President Barack Obama’s plea for patience in the economic turmoil Tuesday fits with the view of most economists that a turnaround will take some time. It doesn’t fit quite so neatly with his bullish budget.

The president’s spending plans and deficit projections rest on the assumption that the economy will post solid growth next year after a mild, further decline this year. Many economists think that’s too rosy.

Obama was more cautious than that in his prime-time news conference—possibly to the point of having it both ways.

Obama insults the intelligence of Americans for political purpose, the Obama budget projections are unduly optimistic to make the math to pay for the president’s programs work.

Obama faked his way through 13 questions in an hour last night. Chip Reid’s question on the deficit and the debt were good but Obama bamboozled in response. Major Garrett asked a good question too which Obama bamboozled. It’s a dangerous situation Garrett wanted a genuine answer to and which Americans need to hear:

Taking this economic debate a bit globally, senior Chinese officials have publicly expressed an interest in an international currency. This is described by Chinese specialists as a sign that they are less confident than they used to be in the value and the reliability of the U.S. dollar. European countries have resisted your calls to spend more on economic stimulus.

I wonder, sir, as a candidate who ran concerned about the image of the United States globally, how comfortable you are with the Chinese government, run by communists, less confident than they used to be in the U.S. dollar, and European governments, some of the center-left, some of them socialist, who say you’re asking them to spend too much?

Obama bamboozled an answer to that important question too. The Chinese, with massive amounts of dollars could sink the American economy at will. The Europeans are worried too as exemplified by the European Central Bank:

And now, with other central banks acting to create money out of thin air because they cannot prime the lending pumps by lowering short-term interest rates any further, the E.C.B. remains wary of the specter of future inflation.

Beneath it all is an aversion to anything that smacks of “printing money,” a phrase that evokes Europe’s worst economic nightmares, everything from kings debasing their currencies so they could fight endless battles to the hyperinflation and currency collapses in Germany after it lost two wars in the 20th century. [snip]

But the E.C.B. has thus far avoided anything resembling the Fed’s frenetic activism, which is viewed in Frankfurt as a desperate attempt to substitute for a lack of political will to fix the U.S. banking system.

The Fed is trying everything it can think of to infuse cash into the economy, bypassing the dormant financial system that is the gatekeeper of credit in normal times. It has purchased a dizzying array of securities, including government bonds whose rates influence lending costs throughout the U.S. economy. That is only necessary, in the view of some European officials, because repeated plans to restructure the banking system have failed.

Whether the latest plan, presented by Treasury Secretary Timothy F. Geithner on Monday, will fare any better remained an open question. [snip]

Morever, E.C.B. officials do not share the fear of deflation — a sustained drop in prices across the board — that lurks behind the Fed’s actions. [snip]

The Fed’s move last week to pump up to $1 trillion more into the financial system led Bild, the best-selling German tabloid newspaper, to run alarmed headlines about an “inflation danger” that now stalks Europe. Exaggerated as that may be, the Fed’s actions sent shivers through an institution whose chief mandate is to protect the purchasing power of the euro, which is only 10 years old.

Right after the Fed acted, commodity prices, the classic harbingers of future inflation, ticked sharply upward, while the dollar fell, suggesting investors see a not-so-subtle future debasing of the U.S. currency.

The Bank of England is also wisely saying “stop the spending“.

The Governor of the Bank of England stunned Downing Street yesterday by warning against a giveaway Budget next month.

Mervyn King said public finance deficits were too high for big tax cuts or bumper spending increases on April 22.

The extraordinary warning to Gordon Brown not to blow billions on a second ‘fiscal stimulus’ came perilously close to breaching the convention that the head of the Bank does not question Government policy.

Tories said it blew a hole in Mr Brown’s plans for next week’s G20 summit in London.

Mr King’s intervention was especially embarrassing for the Prime Minister because it came as he was using a speech to the EU Parliament in Strasbourg to call for ‘the biggest fiscal stimulus the world has ever seen’.
The governor’s warning underlined mounting concerns – both inside and outside Government circles – about the scale of public borrowing. [snip]

The Confederation of British Industry also warned this week that the UK cannot afford a second fiscal stimulus. The International Monetary Fund forecasts that the UK will rack up the biggest deficit of any leading nation next year, while the pound has tumbled by nearly 30 per cent amid fears that the Treasury cannot afford its massive borrowings to cover bank bailouts and collapsing tax revenues.

Democrats, not Dimocrats, are ready to fight the Obama irresponsibility:

Senate Budget Committee Chairman Kent Conrad outlined a five-year spending plan Tuesday that would narrow the deficit by two-thirds but severely weaken President Barack Obama’s ability to achieve the tax cuts and health care reform at the heart of his domestic agenda. [snip]

The chairman’s proposed revenue numbers make no commitment to continue Obama’s signature Making Work Pay tax break—costing more than $200 billion over the life of Conrad’s budget. And in the case of health care, there is no specified down payment to match the $634 billion, 10-year number included in the president’s budget.

Even in the case of Pell Grants for low-income college students, Conrad would keep the funding subject to annual appropriations and not shift to the more expansive mandatory funding status proposed by the president.[snip]

All these adjustments allow Conrad to show a steep downward path for the deficit from the estimated $1.7 trillion shortfall forecast for this year by the Congressional Budget Office. The North Dakota Democrat hopes to have the number down to $601 billion by 2012, $570 billion in 2013 and, finally, $508 billion in 2014. [snip]

But even House Democrats, like Conrad’s budget, have backed away from taking a very forceful stand in support of the cap-and-trade revenue bill sought by Obama as part of his climate change initiative. And much as Speaker Nancy Pelosi (D-Calif.) remains adamant about moving ahead on health care, Conrad and a significant number of Senate Democrats still oppose using the expedited procedures afforded to them under the budget rules to achieve this goal.

Senator Conrad understands the damage Obama wants to do to the American economy:

From Conrad’s perspective, that crisis was compounded last week by the release of new CBO estimates showing that the cumulative 10-year deficits under Obama’s budget could be $2.3 billion higher than the White House had projected. By the end of the decade, the annual cost of just paying interest on the growing debt would exceed defense spending in Obama’s budget. Conrad said the numbers must be viewed as a “wakeup call” requiring adjustments by the administration.

“When you lose $2.3 trillion, you have to cut things,” the chairman said. “And that’s what we’ve done.”

Obama wasted trillions on his “stimulus” scam and bailouts instead of restrained and targeted spending for Hillary Clinton’s universal health care and HOLC style programs which would have been sensible expenditures and investments.

Now there is even less money to address the nation’s needs.

Last night Obama tried to bamboozle the nation and insulted those like Andrew Cuomo who took action not just dripped words.

During the campaign Obama dripped flowery words but now Americans witness the Obama bamboozle.



It is time for Obama to stop the insults and just go away. Just go away.

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222 thoughts on “Obama Press Conference: Insults Andrew Cuomo and Americans

  1. Thanks Admin. I would not know what was going on globally if it were not for this blog. I have people living in Europe, and I am concern for them and for those countries also. This is like a house of cards, and it feel like we are all falling to the floor together. I thought the Euro was doing well, but I have learned from the Blog that it is only in some areas. I would like to understand the effects of a one money world more. Perhaps you can explain that one day. I think it would have a negative effect on the Dollar, but I am not sure. How would that affect the American stock market? This is a complex subject, and I thank you for educating me.

  2. realclearpolitics.com/articles/2009/03/dodds_wife_a_former_director_o.html

    SNIPS-
    Dodd’s Wife a Former Director of Bermuda-Based IPC Holdings, an AIG Controlled Company
    From 2001-2004, Jackie Clegg Dodd served as an “outside” director of IPC Holdings, Ltd., a Bermuda-based company controlled by AIG. IPC, which provides property
    casualty catastrophe insurance coverage, was formed in 1993 and currently has a market cap of $1.4 billion and trades on the NASDAQ under the ticker symbol IPCR

    Clegg was compensated for her duties to the company, which was managed by a subsidiary of AIG. In 2003, according to a proxy statement, Clegg received $12,000 per year and an additional $1,000 for each Directors’ and committee meeting she attended

    In 2003, the proxy statement report, she attended more than 75% of board and committee meetings. This while she served as the managing partner of Clegg International Consultants, LLC, which she created in 2001, the year she joined the board of IPC.

    Dodd is likely more familiar with the complicated workings of AIG than he was letting on last week. This week may provide him with another opportunity to refresh his recollections.

  3. Just watching a bit of GMA this a.m. May I say, that the brief clips of BO last night and the positive praise from commentators makes me nauseated. The guy is such a phony. Either I am really missing something, or the majority of people have lost their minds and critical thinking skills. What president has to use a teleprompter for a press conference? It is disgusting. The guy is definitely a puppet.

  4. http://online.wsj.com/article/SB123792991709930321.html

    The White House said it would launch a search for new tax revenues, as Congressional leaders moved to scale back proposed spending increases and tax cuts in President Barack Obama’s ambitious budget. [snip]

    Lawmakers also were effectively excluding several middle-class tax-cut pledges that Mr. Obama made in his budget, including long-term relief from the Alternative Minimum Tax, and even long-term extension of his Making Work Pay credit. Extending AMT relief and the Making Work Pay tax credit could run around $200 billion each over the next five years. Both are in effect now but expire soon.

    The pressure on the Obama budget reflects the difficult fiscal hand that officials have been dealt, Mr. Conrad said. Despite the changes, Senate Democrats sought to depict the Conrad plan as workable.

  5. EU presidency: US economic plans ‘a way to hell’
    Mar 25 08:10 AM US/Eastern
    By RAF CASERT
    Associated Press Writer

    STRASBOURG, France (AP) – A top European Union politician on Wednesday slammed U.S. plans to spend its way out of recession as “a way to hell.”

    Czech Prime Minister Mirek Topolanek, whose country currently holds the EU presidency, told the European Parliament that President Barack Obama’s massive stimulus package and banking bailout “will undermine the stability of the global financial market.”

    A day after his government collapsed because of a parliamentary vote of no-confidence, Topolanek took the EU presidency on a collision course with Washington over how to deal with the global economic recession.

    Most European leaders favor tighter financial regulation, while the U.S. has been pushing for larger economic stimulus plans.

    Topolanek’s comments are the strongest criticism so far from a European leader as the 27-nation bloc bristles from recent U.S. criticism that it is not spending enough to stimulate demand.

    They also pave the way for a stormy summit next week in London between leaders of the Group of 20 industrialized countries.

    The host of the summit, British Prime Minister Gordon Brown, praised Obama on Tuesday for his willingness to work with Europe on reforming the global economy in the run-up to the G-20 summit.

    The United States plans to spend heavily to try and lift its economy out of recession with a $787 billion economic stimulus plan of tax rebates, health and welfare benefits, as well as extra energy and infrastructure spending.

    To encourage banks to lend again, the government will also pump $1 trillion into the financial system by buying up treasury bonds and mortgage securities in an effort to clear some of the “toxic assets”—devalued and untradeable assets—from banks’ balance sheets.

    Topolanek bluntly said that “the United States did not take the right path.”.

    He slammed the U.S.’ widening budget deficit and protectionist trade measures—such as the “Buy America”—and said that “all of these steps, these combinations and permanency is the way to hell.”

    “We need to read the history books and the lessons of history and the biggest success of the (EU) is the refusal to go this way,” he said.

    “Americans will need liquidity to finance all their measures and they will balance this with the sale of their bonds but this will undermine thttp://www.hillaryis44.org/2009/03/25/obama-press-conference-insults-andrew-cuomo-and-americans/he stability of the global financial market,” said Topolanek.

    Obama insisted Tuesday that his massive budget proposal is moving the nation down the right path and will help the ailing economy grow again. “This budget is inseparable from this recovery,” he said, “because it is what lays the foundation for a secure and lasting prosperity.”

    Obama also claimed early progress in his aggressive campaign to lead the United States out of its worst economic crisis in 70 years and declared that despite obstacles ahead, the U.S. is “moving in the right direction.”

    breitbart.com/article.php?id=D9752QMO1&show_article=1&catnum=0

  6. The Candidate Obama vs President Obama video follows the identical format of the video Paul Virreal, and another friend of mine did at the end of the primary to convince the superdelegates showing the way he lies with impunity. Let us hope the message, i.e. he lies with impunity gets through this time. It is our future he is pissing away.

    Hope, Change, Wall Street Rules.

  7. Admin, the song, “England Swings” lyrics might be changed and used here….England swings like the pendulum do……..

    There will be a TaxDay Tea Party here in Central Florida in Ocala on April 15th in the afternoon. Everyone is invited. Spread the word, please.

    When will the masses wake up and KNOW that the huckster means the opposite of what he says. He can NEVER be wrong or pinned down because he holds agenda on every side of a subject – talks out of both sides of his mouth at once. Will the true B Obama please stand up???

    Bumper stickers coming soon for those of you who requested such.

  8. section that got screwed up above:

    “Americans will need liquidity to finance all their measures and they will balance this with the sale of their bonds but this will undermine the stability of the global financial market,” said Topolanek.

  9. Speaking of doom, what if Obama only makes it worse?

    JOHN IBBITSON
    Toronto Globe & Mail
    March 25, 2009

    We could be entering a future that none of us wants to face, a future in which we will be much poorer, a future in which we realize that everything Barack Obama tried only made things worse. Most economists are debating whether the United States has led the world into a V-shaped recession, marked by sharp economic decline and an equally quick recovery, or a U-shaped recession, which takes a while to get under way but lasts a long time and takes a long time to climb out of.

    But a minority of economists and economic analysts believe what’s happening is L-shaped. We are witnessing a global economic contraction resulting from years of artificial growth fuelled by personal, corporate and governmental debt. When we reach bottom, they say, we will stay there. Globalism will collapse, and deflation and depression will stalk the land. “A ‘lost decade’ for the world economy is quite possible,” wrote Peter Boone, Simon Johnson and James Kwak in a much-discussed online analysis earlier this year on the website Baseline Scenario. “There will be some episodes of incipient recovery, as there were in Japan during the 1990s, but this will prove very hard to sustain.”

    If so, the market recoveries and encouraging reports of the past few days are nothing but a dead-cat bounce: temporary phenomena masking an ongoing decline.
    At a Japan Society symposium in Toronto yesterday, several economists and analysts revealed they had reached the same conclusion (business.theglobeandmail.com/crashandrecover). Canadians must face “the very real possibility that not only could the systemic global credit crisis and the spreading U.S. balance-sheet recession lead to a lost decade or worse for the global economy,” predicted veteran analyst William Macdonald in his written submission, “it could also lead to the breakdown of the globalization project itself.”

    A balance-sheet recession is unlike other recessions. Even the healthiest corporations fear bankruptcy, as demand plummets. In response, executives apply all revenue to corporate debt, in an effort to right the balance sheet. Fearful consumers do the same thing, creating a vortex of falling demand, declining revenue, curtailed investment, bankruptcies and rising unemployment. This has been happening in Japan since the early 1990s. But at least Japan has been able to cushion its decline through export earnings. If the entire planet is in recession, who is there to export to?

    U.S. financial analyst Martin Weiss, in a white paper he released last week, believes that a second Great Depression is already under way. If his and similar analyses are correct, then the Obama administration is doing everything wrong. Throwing billions at trying to remove and resell the toxic assets that banks accumulated is a waste of time, because those assets are worthless and should be written off.

    Worse, according to some, Mr. Obama’s $3.6-trillion budget, with its emphasis on health care, education and energy reform, wastes money that is needed to combat the coming depression. It robs the economy of future growth by piling on debt. And it depletes the President’s political capital. Doomsayers on the left believe the solution is to temporarily nationalize much of the financial sector, and to massively stimulate all economies, regardless of the cost. Those on the right believe the federal government should let failing institutions fail, to cleanse the system, while cutting back on deficits. “An economic depression, although traumatic, is not the end of the world,” Mr. Weiss concludes. “Moreover, if managed wisely, it can deliver fundamental benefits: a cleansing of excess debts, a reduction in the cost of living, and a firmer foundation for subsequent growth.” Most people will find this slender consolation.

    Mr. Obama believes all this is false. The February stimulus is working, he and his supporters argue, and recovery will begin later this year or early next year; the banking system can be rescued without resorting to nationalization or liquidation; and now is precisely the time to tackle the reforms in health care, education and energy that will equip the U.S. economy to compete when good times return.

    There’s an old saying: “He was often wrong but never in doubt.” This is as true of economists as it is of columnists. All we can do is pray that Mr. Obama and those who advise him are right, even if, in the small, dark hours, we fear for what might come.

    theglobeandmail.com/servlet/story/LAC.20090325.COIBBI25/TPStory/National

  10. djia Says:

    March 25th, 2009 at 10:18 am
    EU presidency: US economic plans ‘a way to hell’
    Mar 25 08:10 AM US/Eastern
    By RAF CASERT

    ————————

    Now this to me is a sign of change. Not obama’s change but real change. Those who have the temerity to criticize this teflon god for this mess…I salute you!

  11. Admin,

    Cuomo’s star is rising. His polling is way above Patterson’s and he is making all the right moves.

  12. admin Says:

    March 25th, 2009 at 10:14 am
    ————————————————————————–

    The graph in that article is very telling and frightening. A high spike in spending, and a comparable dip in revenues is very alarming. This does not compute. Spend, spend, when the revenue is low does not make sense to me. I think this is the road to hell for the middle class.

  13. Admin: thanks for posting the the great questions by reid, henry and garratt. As in cross examination, the question itself is powerful, and if the answer is evasive, as you indicate then the impact is even greater.

    It sounds like Ann Compton did a Harry Reid when he pissed all over himself with that mawkish question whether he is having problems because he is black. If false claims of racism are the last bastion of soundrels, then Compton is beyond a shadow of doubt, a soundrel.

    The operative question of course is whether the public was bamboozled again by this miserable excuse for a public official. Do they not see the disconnect between his empty rhetoric and his umbillical tie to Wall Street? The bots meanwhile have adopted a fuerher bunker mentality. So have msnbc, cnn and the worst of the media whores.

    Yet no one right now is asking the most pertinent question on everyones mind which is what will his priorities be in the sencond term after he had got the DOW back above 14000. It must have been a big media oversight.

    And never forget, this backlash against the AIG bonuses adversely affects the prospects for the big media bailout many of them have been counting upon. This includes the attempt by the stupidest person in Congress to bail out her ament corner The San Francisco Chronicle.

    Concerning Poospie, the most urgent question they are debating now is whether she is worse when she is drunk or when she is sober. That is a challenging question–sort of like how many angels can dance of the head of a pin. The stuff for philosophers, rather than ordinary mortals.

  14. The timing of the movie is indeed suspect…almost 14 yrs later and a distraction imo to make BO look competent.

  15. Thanks, Admin for the help with spreading the word of the TeaParty on April 15th.

    Could Big Pink and posters provide some help in which bumper stickers that would be most popular? Here are some ideas that have been floated. Hopefully, ome will be available for the Tea Party here:

    You BARRACKED it, you own it!

    Hillary Clinton 2016

    Sarah Palin 2012

    Palintology

    If you are an American Woman, you need to speak out against
    sexism, ageism, and misogyny – EVERY TIME!

    How many 3:00am calls has He made to HER?

    Barrack, call Hillary!

    Don’t blame me, I voted for Hillary.

    Have you recovered any money since you voted Him into office? [????too harsh????]
    or
    Are you better off now, than last year?

  16. What are seeing is the setting of the sun on American Global Dominance of the World Economy. Many must share in the blame, but in the final anaylysis, it is the fault of one man and one man only: Barack Obama.

    When the Euopean Central Bank defies his call for a global stimulus, when Wall Streets partner in crime the Bank of England tells Brown stop spending, when the European Presidency calls Obamas economic plan a pathway to hell, and when China demands an international reserve currency to replace the dollar because they have no faith in the devils pact between Wall Street and Obama, no other conclusion is possible.

  17. Campaigning is about words, and govening is about actions. Hoops does not understand the difference. And the funning this about governing–its like when the tide rolls out, you see who is swimming without a bathing suit.

    What we are seeing now removes all doubt that we are in a crisis and have a naked emperor. That is what big media, bots and the bamboozled have given us. They promoted and fell for the big lie. And now we are seeing the results.

    The deep and abiding questions about his competency, his motives and his sociopathology are being drawn into high relief. The failure of his leadership, the probable result and his simultaneous call for a national service raises nightmares of a waffen ss to silence the population.

    It did not have to come to this: we could have had Hillary.

  18. jbstonesfan, That movie is not about the Lewinsky affair. It’s about the close partnership between Tony Blair and Bill Clinton; the Lewinsky matter comes into the equation only as it affects that relationship.

    It’s being done by a British director and is part of a trilogy that includes the movie “The Queen.” Leave it up to the U.S. press to focus on the Lewinsky angle and ignore everything else. Why should we expect anything different?

  19. wbboei, We still have her handling foreign policy at least – a silver lining to be sure. But she should be in the Oval Office, not Foggy Bottom.

  20. Poll: Clinton has high job approvalStory Highlights

    CNN/Opinion Research poll finds 71 percent approve of secretary of state’s work

    Even a plurality of Republicans say Hillary Clinton doing a good job

    Clinton’s distance from economic crisis helps, polling director says

    Secretary’s approval rating is higher than President Obama’s

    By Paul Steinhauser
    CNN Deputy Political Director

    (CNN) — As Hillary Clinton flies to Mexico for a high-level summit, a new national poll indicates seven in 10 Americans are happy with the job she’s doing as secretary of state. Americans like Hillary Clinton’s work as secretary of state, according to a CNN/Opinion Research Corp. poll.

    Seventy-one percent of people questioned in a CNN/Opinion Research Corp. survey released Wednesday said they approve of how Clinton is handling her job as America’s top diplomat. Fewer than one in four disapprove.

    “Nine in 10 Democrats approve of Clinton — that’s no surprise,” said Keating Holland, CNN’s polling director. “But by a 50 percent to 43 percent margin, Republicans also think she is doing a good job at the State Department. That’s an interesting result for a polarizing figure like Clinton.”

    The poll’s release comes as Clinton teams up with Mexican officials to kick off weeks of meetings intended to find ways to fight drug violence on both sides of the U.S.-Mexican border. The Obama administration on Tuesday announced a major increase in security funding and agent deployments along the border. Watch what Clinton hopes to accomplish in Mexico »

    “Since taking office in January, Clinton has been at the White House nearly every day, meeting with President Obama, Vice President [Joseph] Biden and other members of the Cabinet and national security staff,” said CNN State Department producer Elise Labott. “The secretary maintains close ties with her former colleagues on Capitol Hill and meets regularly with congressional leaders.”

    The former first lady, senator from New York and one-time primary rival to Obama already has clocked close to 60,000 miles in her first two trips overseas — one journey to China, the other to the Middle East and Europe — since becoming secretary of state in January. Clinton was met by large crowds and warmly received by world leaders on both trips, although “she met some criticism in Beijing, where she was criticized for a lower-key approach that seemed to downplay the importance of human rights in the overall relationship with China,” Labott said. “Her aides said she wanted a new approach to dealing with China’s human rights record, including less public criticism and more private discussions, which may prove more productive in changing Chinese behavior.”

    Clinton’s approval rating is higher than that of her boss: The same CNN/Opinion Research poll put Obama’s approval rating at 64 percent, 7 percentage points lower than Clinton’s. Clinton has a couple of advantages over Obama in public opinion today, Holland said. “She hasn’t had a prominent role in the administration’s economic or budget policies,” he said. “There haven’t been any international issues that have caused as much outrage as the AIG bonuses. And her name wasn’t on the ballot in November, so any partisan animosity to her that is left over from 2008 is not as fresh in the public’s mind.”

    Clinton’s approval rating is also 10 percentage points higher than the one her predecessor, Condoleezza Rice, had in March 2005, then two months into her tenure as secretary of state.

    The CNN/Opinion Research poll of 1,019 Americans was conducted by telephone March 12-15. The survey’s sampling error is plus or minus 3 percentage points.

    cnn.com/2009/POLITICS/03/25/clinton.poll/

    ————————————————-

    I bet it just killed CNN to post this.

    As the wise wbboei stated: It did not have to come to this: we could have had Hillary.

  21. I wish people would keep from referring to Secretary Clinton as “polarizing.” I think that label is clearly untrue.

  22. I agree, birdgal. She was polarizing because of smears directed against her more than because of anything she did.

  23. Commentary: Obama a one-term president?

    By Alex Castellanos
    CNN Contributor

    Things I learned Tuesday night from President Obama’s press conference:

    Obama and congressional Democrats are angry that greedy Wall Street executives took $165 million in bonuses that the president and congressional Democrats gave them. We have made them give it back, but they have to keep the trillion-dollar bailout.

    Apparently, our education system is worse than we thought. Neither the president nor Democrats in Congress actually read the bailout-bonus bill.

    Per-family household debt more than doubled from 1989 to 2007, going from $42,000 per family to $97,000 per family, in inflation-adjusted dollars. Most of it, 85 cents of every dollar, is home equity or mortgage debt. This is not the consumer’s fault for borrowing it, nor Congress’ fault for legislating it, nor the Fed’s fault for enabling it, nor Fannie Mae’s or Freddie Mac’s fault for packaging it. This is all Wall Street’s fault.

    It is also all George W. Bush’s fault.

    If there were an inheritance tax on problems, Obama could pay off any deficit.

    Taxpayers living next to a toxic waste dump is a bad idea. Taxpayers buying a trillion dollars worth of toxic assets is good idea. Taxpayers borrowing a trillion dollars to buy those toxic assets is an even better idea. Though it is still Bush’s fault.

    Obama isn’t on the ballot next year, but Democrats in Congress are. You can make money betting they will lose more than 25 seats, but not as much money as by purchasing toxic assets with taxpayer dollars.

    The problem with America’s economy is that the last bubble, the “home-mortgage, derivative, credit default swap bubble” popped, as all economic bubbles eventually do. We must never let that happen again. It is imperative that we re-inflate this bubble immediately. If we all loan a lot of money we don’t have to each other, we will all be more prosperous.

    An Obama press conference offers hope to everyone. Both those who want to drive the deficit up and drive it down receive encouragement.

    A dollar when given to failed auto companies or hollow banks has great stimulative value for the economy, but there’s almost no dampening cost to the economy when the dollar is taken from taxpayers, who will have to pay our debt back. If he does not drive the deficit down, within this decade, interest on the Obama debt will total more than a trillion dollars a year.

    Bush was laughed at for saying, “Yes, we are getting the job done. It’s hard work,” though it’s OK for Obama to say only hard decisions reach his desk.

    Enhanced border security was a bad idea when Sen. John McCain and Republicans proposed it but a good idea now that Obama is for it.

    Trickle-down economics from Republicans got us into this mess. Trickle-down government from Democrats will get us out of it.

    Washington was doing such a great job making things work before the meltdown that we should give it more to do, like running health care, the energy industry, banks, Wall Street and the car business.

    Our economy is so complex that millions of Americans can’t plan for it, but Timothy Geithner and a couple of other smart guys in Washington can.

    Political greed is more noble than corporate greed.

    We have to short-change charities that help people, so government can help people.
    Wall Street and the U.S. government are too big to fail though the American taxpayer isn’t.

    The Barack Obama experiment, conducted by this 47-year old man, is the riskiest economic wager the world has ever seen. Next year, when this experiment in European-style socialism isn’t working, the Democrats up for re-election will panic and make the spending this year look like an appetizer. To appear responsible, they then will raise taxes on “upper-income taxpayers” to the stratosphere, paralyzing investment and the economy.

    Obama’s communications gifts are powerful and poetic — but round-the-clock campaigning on “The Tonight Show With Jay Leno,” “60 Minutes” and this press conference won’t save bad policy. Nothing kills a bad product quicker than good advertising. iReport.com: What did you think of Obama’s press conference?

    Obama has never built a business, created real wealth or produced tangible prosperity. His understanding of our economy is theoretical and academic. Obama is a privileged young man who has not yet made many mistakes in his life. Having a president who belongs to the Harvard elite and the community-organizer streets is not the same as having a president who has lived a long life among middle-class Americans and understands them.

    Impatience lies not deep beneath the surface of Obama. There is no shortage of self-confidence in this young man. It is a short step from such confidence to arrogance.
    Arrogance in a politician is not healthy. Hubris, combined with inexperience, can be fatal. Obama could be a one-term president.

    Obama is looking a little older. There would be nothing wrong with acting like it.

    edition.cnn.com/2009/POLITICS/03/25/castellanos.obama/

  24. Obama a one-term president?Story Highlights

    By Alex Castellanos

    Things I learned Tuesday night from President Obama’s press conference:

    Obama and congressional Democrats are angry that greedy Wall Street executives took $165 million in bonuses that the president and congressional Democrats gave them. We have made them give it back, but they have to keep the trillion-dollar bailout.

    Apparently, our education system is worse than we thought. Neither the president nor Democrats in Congress actually read the bailout-bonus bill.

    Per-family household debt more than doubled from 1989 to 2007, going from $42,000 per family to $97,000 per family, in inflation-adjusted dollars. Most of it, 85 cents of every dollar, is home equity or mortgage debt. This is not the consumer’s fault for borrowing it, nor Congress’ fault for legislating it, nor the Fed’s fault for enabling it, nor Fannie Mae’s or Freddie Mac’s fault for packaging it. This is all Wall Street’s fault.

    It is also all George W. Bush’s fault.

    If there were an inheritance tax on problems, Obama could pay off any deficit.

    Taxpayers living next to a toxic waste dump is a bad idea. Taxpayers buying a trillion dollars worth of toxic assets is good idea. Taxpayers borrowing a trillion dollars to buy those toxic assets is an even better idea. Though it is still Bush’s fault.

    Obama isn’t on the ballot next year, but Democrats in Congress are. You can make money betting they will lose more than 25 seats, but not as much money as by purchasing toxic assets with taxpayer dollars.

    The problem with America’s economy is that the last bubble, the “home-mortgage, derivative, credit default swap bubble” popped, as all economic bubbles eventually do. We must never let that happen again. It is imperative that we re-inflate this bubble immediately.

    If we all loan a lot of money we don’t have to each other, we will all be more prosperous.

    An Obama press conference offers hope to everyone. Both those who want to drive the deficit up and drive it down receive encouragement.

    A dollar when given to failed auto companies or hollow banks has great stimulative value for the economy, but there’s almost no dampening cost to the economy when the dollar is taken from taxpayers, who will have to pay our debt back. If he does not drive the deficit down, within this decade, interest on the Obama debt will total more than a trillion dollars a year.

    Bush was laughed at for saying, “Yes, we are getting the job done. It’s hard work,” though it’s OK for Obama to say only hard decisions reach his desk.

    Enhanced border security was a bad idea when Sen. John McCain and Republicans proposed it but a good idea now that Obama is for it.

    Trickle-down economics from Republicans got us into this mess. Trickle-down government from Democrats will get us out of it.

    Washington was doing such a great job making things work before the meltdown that we should give it more to do, like running health care, the energy industry, banks, Wall Street and the car business.

    Our economy is so complex that millions of Americans can’t plan for it, but Timothy Geithner and a couple of other smart guys in Washington can. Political greed is more noble than corporate greed.

    We have to short-change charities that help people, so government can help people.

    Wall Street and the U.S. government are too big to fail though the American taxpayer isn’t.

    The Barack Obama experiment, conducted by this 47-year old man, is the riskiest economic wager the world has ever seen. Next year, when this experiment in European-style socialism isn’t working, the Democrats up for re-election will panic and make the spending this year look like an appetizer. To appear responsible, they then will raise taxes on “upper-income taxpayers” to the stratosphere, paralyzing investment and the economy.

    Obama’s communications gifts are powerful and poetic — but round-the-clock campaigning on “The Tonight Show With Jay Leno,” “60 Minutes” and this press conference won’t save bad policy. Nothing kills a bad product quicker than good advertising.

    Obama has never built a business, created real wealth or produced tangible prosperity. His understanding of our economy is theoretical and academic.

    Obama is a privileged young man who has not yet made many mistakes in his life. Having a president who belongs to the Harvard elite and the community-organizer streets is not the same as having a president who has lived a long life among middle-class Americans and understands them. Impatience lies not deep beneath the surface of Obama. There is no shortage of self-confidence in this young man. It is a short step from such confidence to arrogance. Arrogance in a politician is not healthy. Hubris, combined with inexperience, can be fatal. Obama could be a one-term president.

    Obama is looking a little older. There would be nothing wrong with acting like it.

    edition.cnn.com/2009/POLITICS/03/25/castellanos.obama/

  25. I couldn’t get the text to post here but it is worth reading.

    edition.cnn.com/2009/POLITICS/03/25/castellanos.obama/

  26. What we are seeing now bears some resemblance to a revolt by directors of a corporation against their CEO.

    Key stakeholder nations are repudiating the leadership of Obama. Allies like England are abandoning his policies. Competitors like the Euopean Union are refusing to adopt his call for a global stimulus. Adversarial competitos like China are questioning the cornerstone of American economic leadership. A takedown is in the wind.

    The details of the battle will play out at G-20. If the battle becomes public, then it will further erode confidence, so there will be a carefully orchestrated minuet. The erstwhile CEO will be afforded all the pomp and circumstance which accrue to his office–and that will feed Bambis ego, which is the only thing a sociopath cares about. The realignment of power will be portrayed as a collaborative effort to take control of the situation. But the end result will be a transfer of power.

    Big Media in this country–the GE affiliates (NBC and MSNBC), CNN, New York Times, WashPo, Associated Press will direct the attention of the American people away from the shift in power and toward a subject they are comfortable with which is the world adulation over this asshole. Therefore, we will need to see how the Financial Times, the Asian Times, and the newspapers in Europe, China and England portray this Conference. Their version will be closer to the truth.

  27. To cover the erosion in power will be buzzwords like new institutions and structures to deal with the current imbalances, to coodinate the responses of individual nations, to promote global economic development. To convince people this is not a takedown they will say Mr Obama will appoint the US respresentative who will chair it and Obama will say great now I have someone else to blame besides Bush and this will ensure that when hatchet face and I take vacations on the Riviera our rooms will be compted. Big Media will fawn and croon over this change and tell its readership the hour of your deliverance is at hand. And things will continue to get wose. Maybe then Bambi can ask Julius Irving and Charles Barkley what to do. It always helps to have expert opinion available when you need it.

  28. Print bailout, just as I predicted.

    Wbboei, The realignment of power will be portrayed as a collaborative effort to take control of the situation. But the end result will be a transfer of power. What are you predicting in a transfer of power, from whom to whom? I guess I am slow today.

  29. Keating Holland, CNN’s polling director is a piece of shit.

    If Hillary has a 71% approval rating might this not be an appopriate time to drop the label “polarizing” and find some other adjective like “unifying across party lines”.

    The game here is so obvious. And it is tanking the country.

  30. The other thing that comes through loud and clear with this Keating Holland (what mother would give her child a name like that–worse than a boy named sue) is he attributes all these external, temporaral causes to her popularity, things like distance from the economic crisis and no major foreign disasters to deal with, rather than acknowledging the fact that Hillary is a highly competent leader, and that is a quality in short supply at the moment. Furthermore his suggestion that would not enjoy such a high rating if she were closer to the economic crisis assumes if she were close to it she would be pursuing the same policy as Obama which is not true. She would not be forcing a trillion dollar spending package larded with earmarks on a weak econonmy at the same time we are trying to save the banking system. He also ignores the fact that her proactive efforts to date have reduced he potential for a major international incident.

    Little lord fauntleyroy keating. An Obama shill. And when more than half of the country disapproves of the way Obama is handling the economy how can it possibly be that his approval rating is 64%. He had better get his ass off Peachtree Street in Atlanta and learn how to poll.

  31. Karen Thurman, remember her, and the Dimocrats, who has my email, but I do not know HOW they got it have sent this same email more than once. Poor babies, only they can cccchia/cheat and lie. They get madder than hE!! when they think someone else may be doing it….or at least when they think they can accuse someone else of doing it. I guess the Dimocrits don’t like the Sunshine laws in the Sunshine state.

    The email states: Over 10,000 Floridians have joined together and asked Attorney General Bill McCollum to come clean about his publicly funded campaign ad.

    Just last week, McCollum declared that the Sunshine laws are “vitally important,” and Floridians must hold their government accountable. But, thousands are asking him to give us all the information in regards to the ad, but we’re still waiting. He’s playing politics with our children’s safety and simply not doing what Floridians hired him to do as Attorney General.

    Bill McCollum used public funds that are meant to protect us to promote his own political future. This isn’t a political witch hunt- this is about being held accountable.

    Be part of the more than 10,000 Floridians asking Bill McCollum to come clean:

    http [web edress given here]

    There is waste, fraud, and corruption in Tallahassee – but Florida Democrats are working to clean it up. Led by Florida CFO Alex Sink, Democrats are working every day in Tallahassee to cut waste and protect our citizens from fraud. But, cleaning up Tallahassee is going to take all of us working together.
    _____________________________________
    Ya think there is fraud, corruption, and you want it cleaned up Dimocrats….take the splinter out of your own eye first.

  32. Wbboei, The realignment of power will be portrayed as a collaborative effort to take control of the situation. But the end result will be a transfer of power. What are you predicting in a transfer of power, from whom to whom? I guess I am slow today.
    —————————————
    In the broadest sense, from the United States to the other members of G-20 in direct proportion to their growing power and influence. It would be effectuated throught the establishment of new oversight bodies to deal with the current crisis. The full ramifications of this change in the power matrix are not predictable, certainly not to me. But this deficit spending spree of Obama is hitting a wall. The world is not interested in financing the 2010 reelection strategy of Pelosi and Obama. And our role as the consumer/debtor nation which fuels the world economy will change as well. This derivative mess, and Bambis spending spree have caused many nations to look at their hold card and say the same thing private investors are saying when they look at Obama: do I really want to be a part of this?

  33. sorry…lol…I couldn’t resist posting this one…

    A pesky problem for the White House vegetable garden

    By MIKE HENDRICKS
    The Kansas City Star

    Foodies and the go-green movement are ecstatic about the Obamas’ foray into organic vegetable gardening. Me, too. But as an avid gardener, I noticed one important detail was left out of all the news coverage concerning the new presidential pea patch. So I called the White House and spoke with Michelle Obama’s deputy press secretary, Semonti Mustaphi. That conversation ended something like this.

    Me: I did have one more question.

    Mustaphi: Ask it and I’d be happy to try and find the answer.

    Me: Uh, gee, this might sound a bit odd, but I was wondering about the squirrels.

    (Pause.)

    Mustaphi: Squirrels?

    Me: Yes, the squirrels that are so abundant in Washington, and does the first lady have a plan to deal with them?

    I went on to explain that, by squirrels, I was not referring to the White House press corps or Congress. I was talking about the furry rodents that live in trees and scamper merrily to and fro waving their bushy tails in our nation’s capital. They happen to be murder on vegetable gardens, I said, explaining that you can fence out the rabbits but there’s just no keeping the squirrels out of your garden once they’ve set their beady little eyes on it. And did she know that Washington, D.C., has one of the highest-density squirrel populations in the nation, even before adding in lobbyists? Moreover, Lafayette Park, across from the White House, is shag-rug thick with gray squirrels, which entertain tourists and Washingtonians alike.

    “It’s true, there are a lot of squirrels,” Mustaphi agreed.

    You bet, and not even Homeland Security will be able to keep them out of the first family’s patch of plenty. So the question is, how does the White House respond?
    Let the tree rats run wild and ruin this public attempt to encourage the nation to eat its vegetables? No, a plan needs to be in place to address the looming squirrel crisis before growing season gets too much further along. Almost every possible solution carries a potential for scandal and political recrimination. Shoot them, and animals lovers would storm the gates. Quietly poison them, and there’d be an investigation.
    Meanwhile, animal repellants are worthless. At my house, the squirrels prefer their ripe tomatoes with hot pepper spray.

    So I practice a policy of rendition. Just before the tomatoes turn ripe, I bait a live trap with peanut butter, wait and then transport the caged occupant to an undisclosed location. All this I explained to the woman at the White House, who promised to get back to me on that. And sure enough she did.

    But while awaiting that info, I called Dennis Patton at the Johnson County extension office to see whether he thought Michelle Obama’s green thumb might boost interest in vegetable gardening nationwide. He agreed that it would but said the Kansas City area was experiencing a surge in raising vegetables. “It’s really caught on lately,” he said. Extension classes for gardening beginners are selling out, he said. “I think the economy is part of it, but partly the green movement. … I think it’s good that people are reconnecting with the land.” It is a good thing. But new gardeners don’t always take into account that we share the land and its bounty. Sometimes we share to an intolerable degree, and certain measures must be taken …

    But wait, this just in from the White House:

    “On background: We will be using natural pesticides — nothing synthetic. And we will use fine see-through netting for squirrels if needed.”

    Yeah, well, good luck with that, unnamed White House source.

    But if that doesn’t work, somebody there should have a number for Dick Cheney.

    You can bet he’d know what to do.

    kansascity.com/news/local/story/1104899.html

  34. Let’s not forget that Alex Castellanos is the man who on CNN insinuated that Hillary Clinton was a “white bitch.” It took him days to acknowledge the inappropriate nature of the comment and apologize (pressure was applied, he wasn’t actually sorry.)

  35. DYB,

    I do remember that slur against Hillary. Castellanos is an equal opportunity slammer and a Republican. I do think his comments about obama were pretty spot on though.jmo

  36. The devalued prime minister of a devalued government.

    The devalued president of a devalued dnc and a devalued dollar.

  37. JanH> I agreed with some of his points, but his idea (expressed through sarcasm) that Wall Street is not in any way responsible for the mess we’re all in is ridiculous. That’s a Republican meme he’s pushing.

  38. Too bad in this so called Democracy, we don’t have groups holding up their hands, and saying our group was a part of the problem, and we want to be part of the solution. There will be no dividends, and no bonus throughout our entire organizsation, until we are on the right track, and we will only take government help if we have a strong recover plan in place with repayment of debt as quickly as possible. I, as CEO will forgo my golden parachute.

    Well I will not hold my breath. We obviously have a society now who’s entire purpose is to take rewards undeserved, and blame someone, anyone else.

  39. I HAVE ALWAYS BEEN A FAN OF THOMAS JEFFERSON. THE LAST SURE APPLIED TO TODAY’S MESS

    Outstanding statements that apply today by from Tom Jefferson.

    What thomas Jefferson said:

    When we get piled upon one another in large cities, as in Europe,
    we shall become as corrupt as Europe .
    Thomas Jefferson

    The democracy will cease to exist when you take away from those
    who are willing to work and give to those who would not.
    Thomas Jefferson

    It is incumbent on every generation to pay its own debts as it goes.
    A principle which if acted on would save one-half the wars of the world.
    Thomas Jefferson

    I predict future happiness for Americans if they can prevent the
    government from wasting the labors of the people under the pretense of taking care of them.
    Thomas Jefferson

    My reading of history convinces me that most bad government results from too much government.
    Thomas Jefferson

    No free man shall ever be debarred the use of arms.
    Thomas Jefferson

    The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.
    Thomas Jefferson

    The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
    Thomas Jefferson

    To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.
    Thomas Jefferson

    Finally, Thomas Jefferson said in 1802:
    ‘I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.’

  40. This diversification of economic power was an evolutionary process before Obama. Now it is a revolutionary one.

    In the aftermath of World War II the United States accounted for about half of the world gdp. Today it is about a quarter.

    In the aftermath of World War II it was the one, then it went from g-4 to g-7, to g-8 to g-20.

    But within g-20 not all voices are equal.

    We are still the dominant player–if you take gdp as the criterion. But if you look at other factors like balance of trade, debt load, investment in infrastructure, military budget, we are vulnerable.

    And whatever problems Obama inherited are compounded by the economic policies he is introducing, and the apprehensions he and they generate.

  41. JanH Says:
    March 25th, 2009 at 10:30 am

    Admin,

    Cuomo’s star is rising. His polling is way above Patterson’s and he is making all the right moves.

    ================

    Paterson for Governor.

    Cuomo for POTUS!

  42. wbboei

    The G-20 will be interesting. Compromise and negoitating, in addition to protocal are not his strong suits.

  43. NewMexicoFan Says:

    March 25th, 2009 at 1:23 pm
    I HAVE ALWAYS BEEN A FAN OF THOMAS JEFFERSON. THE LAST SURE APPLIED TO TODAY’S MESS

    —————————————————————————————————

    Too bad BO has not read the list.

  44. Regarding the new powers proposed for the Treasury to seize companies before they fail or ask for help:

    Of course it’s wrong. It’s a power grab by the Executive branch. If companies go insolvent, they are SUPPOSED to go into bankruptcy, go before the JUDICIAL branch, and work it out.

    The problem with bankruptcies is that a lot comes to light, because records are pored over, creditors and counterparties are discovered, and all the assets are unwound. If there is stuff on the books that certain scoundrels don’t want revealed, it is a LOT easier to play that game if one is cozy with the executive branch than in a courtroom, with documents and all that messy stuff.

    Call me crazy, but with all the screaming about fascism/ socialism/ imperial presidencies being at the root of this (and those ARE legitimate concerns) I think we may be missing the sleight-of-hand here.

    I believe that 0bama’s treasury wants that power not for the power’s sake (though it’s a chilling precedent), but because they need it if they are to keep the lid on all the skeletons and malfeasance in the financier’s closets. They do NOT want certain failing institutions (banks or otherwise) going into bankruptcy, because bankruptcy entails what they’ve been up to becoming public, in front of a judge.

    It’s not the POWER that is the motivator here per se, folks, it is the COVER UP.

    Short version: It’s a lot easier to cover up the stinking incriminating shit pile if you decide that only YOU, and no other branch, is allowed possession of a shovel.

  45. We fought a war over taxation without representation. In Obama we have the modern variant of it. Taxation of the American People in exchange for bamboozlement. Representation of Wall Street in exchange for political support and contributions. A very bad bargain for the nation.

  46. Mr. Obama believes all this is false. The February stimulus is working, he and his supporters argue, and recovery will begin later this year or early next year; the banking system can be rescued without resorting to

    ===================

    Flashback to Bush on Iraq….

  47. To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.
    Thomas Jefferson
    —————-
    Like the billions of dollars which the misbegotten stimulus plan grants to the radical left wing organization ACORN –whom obama worked for twenty years ago, and who worked for him in this past election, to disenfranchise the American voters.

  48. Mr. Obama believes all this is false. The February stimulus is working, he and his supporters argue, and recovery will begin later this year or early next year; the banking system can be rescued without resorting to
    ——————————————————-
    and they all lived happily forever after.

  49. White House team to overhaul fiendish US tax code

    WASHINGTON (AFP) — The White House Wednesday announced a new task force headed by former Federal Reserve chairman Paul Volcker to reform the Byzantine US tax code in the hope of recouping billions in lost revenue. White House budget chief Peter Orszag said Volcker and four other top economists will report their recommendations back to President Barack Obama by December 4, and their review will cover three main areas. “One is tax simplification, the second is closing tax loopholes and reducing tax evasion, and the third is reducing corporate welfare,” the director of the Office of Management and Budget told reporters.

    Orszag said the Volcker panel would also examine offshore tax havens, a major agenda item for Obama and other Group of 20 leaders at a summit convening in London next week to address the global economic crisis. “One of the key things that the Volcker board will be examining is ways of unifying, streamlining, making more consistent the various credits that are out there,” he said, citing the complex array of tax breaks now on offer. Orszag pointed to a 2005 estimate by the Internal Revenue Service that the US tax gap — the difference between what companies and individuals owe and what they actually pay — exceeds 300 billion dollars a year. “Three hundred billion dollars a year or more is a lot of money, and we are interested in being as aggressive as possible to reduce that number.”

    Tax reform is a perennial US debate. But the enormous Internal Revenue Code has only grown in recent years with the addition of new levies and giveaways by Congress, spawning an entire consulting industry to profit from its loopholes. The new task force is being assembled with experts drawn from the “President’s Economic Recovery Advisory Board” chaired by Volcker.

    Orszag said Volcker would be joined by former Securities and Exchange Commission chairman William Donaldson; Harvard professor Martin Feldstein, who was the chief economic adviser to Republican president Ronald Reagan; former Fed vice chairman Roger Ferguson; and Laura Tyson, who was a principal economic adviser to president Bill Clinton. The task force will have two constraints: it cannot recommend any tax increases in 2009 or 2010, and it cannot call for taxes to be raised on families earning less than 250,000 dollars a year. “Beyond those two constraints, the task force is open to consider options of any sort that it sees fit,” Orszag said.

    The Volcker team’s recommendations will come in time for the next fiscal year’s budget, as Obama’s 3.6-trillion-dollar proposal for this year navigates a tricky passage through Congress.

    google.com/hostednews/afp/article/ALeqM5gM6fkdU0Eq9QOunprtV0djwpw2Vg

  50. Obama’s communications gifts are powerful and poetic — but round-the-clock campaigning on “The Tonight Show With Jay Leno,” “60 Minutes” and this press conference won’t save bad policy. Nothing kills a bad product quicker than good advertising
    ———————————
    He fumbled the oath because he did not want his middle name to be part of the record. But there is a perfectly innocent explanation for this: his middle name is not Hussein at all. It is Edsel. Edsel was the car named for Henry Fords son, which was flashy by the standards of that era. Ford lavished costly advertising on but despite appearances the product itself was defective and overpriced. It failed in the end for those reasons and it was pulled off the market.

    Barack Edseloftheameicanecoomyandhussein O-BA-MA.

  51. Volker should have more sense than this. The idea is sound, but the people he is working for are questionable. A friend of mine just sold his family investment brokerage services to people who have the moral scruples of Obama. They have moved in a couple twenty something testerone driven salemen and he listens to them bullshit clients. They want him to become an officer and director. He is telling them no and removing his old title from the business cards. He says he has seen this before: overpromises fail when the bill false due and these charlatans run for cover and the stable people are left holding the bag.

  52. Orszag said Volcker would be joined by former Securities and Exchange Commission chairman William Donaldson; Harvard professor Martin Feldstein.
    ——————————————
    Sorry I missed this part. He is surrounding himself with good people. They are not corruptible and neither is he. As a result, they may clash with young idelogues like Orszag who has allowed his own economic projections to be corrupted by partisan pressures. I doubt he will reach the point Stockman did and call the game on his boss.

  53. An inflationary depression if we follow bambi down the yellow brick road. And a waffen ss to keep the public peace. Yup, bambi has got it all covered. This young, thougthtful, energetic, courageous, calm, clearheaded, visionary, humane, highly educated, well motivated, all knowining, compassionate, patriotic, sohisticated, lincolnesque, scared of poopsie, bamboozling, self aggrandizing . . . . sociopath.

  54. Clinton to speak at Ill. Holocaust museum opening

    March 24, 2009 1:15 PM

    Former President Bill Clinton will be the featured speaker at the opening ceremony next month of the Illinois Holocaust & Education Center in Skokie, museum officials said today.

    The opening is scheduled for noon April 19 outside the building at 9603 Woods Dr., according to a statement. In addition to Clinton, Holocaust survivors and Gov. Pat Quinn are scheduled to speak. “President Clinton’s participation in the dedication of this world-class institution truly sets the tone for what we want the museum to be,” said Executive Director Richard Hirschhaut. “Not only does President Clinton’s attendance underscore the urgency of our mission, but also the important role we must all play in combating intolerance and genocide throughout the world today.”

    The ceremony is free to the public but tickets are required, the statement said. The tickets can be requested at the museum’s Web site.

    chicagobreakingnews.com/2009/03/skokie-holocaust-museum-education-center-bill-clinton-pat-quinn.html

  55. Admin: if bush’s brain was rove, then surely bambis brain is tele.

    That being the case, I am toying with the idea of setting up a meeting with tele sans bambi, explaining the inherent dangers of the stimulus plan as related in the clip above, and asking tele to have a sit down with bambi and see if any of this gets through bambis thick highly educated skull.

    If we can convince tele then all tele needs to do is convince bambi to keep his stupid mouth shut and lean to lipsink what tele is saying.

    to see if there is any chance of talking sense into the highly educated skull of the idiot who tele speaks for.

  56. NewMexicoFan Says:

    March 25th, 2009 at 2:06 pm
    wbboei

    According to the Teleprompter
    ************************************************

    …I just got this wierd image of the Teleprompter controlling the Zombie Stand-In President…as in invasion of the body snatchers or something like that…

    …as in, O has no critical thinking left…he has been taken over by his Teleprompter and can only read what is written in that zombie left to right possessed way…or now his down the center vacant stare…no one is really there…he must read what he is told

  57. The dynamic here would be fascinating if the stakes were not so high. During the campaign, bambi, who had never in his life had a taste of what it took to govern, levelled harsh criticism against Bill and Hillary who had governed for many years. Never criticize someone until you have walked twenty miles in their steps–so goes the saying. Now that bambi has walked six steps in he is beginning to see perhaps that it aint all bear and skittles. He has slipped on twenty banana peels so far, and many more await him. The more he moves from the domestic stage to the international one, the less big media will be able to protect him from the consequeces of his failure in leadership. It cannot be otherwise/

  58. …I just got this wierd image of the Teleprompter controlling the Zombie Stand-In President…as in invasion of the body snatchers or something like that…

    …as in, O has no critical thinking left…he has been taken over by his Teleprompter and can only read what is written in that zombie left to right possessed way…or now his down the center vacant stare…no one is really there…he must read what he is told
    ————————————–
    That is very good S. I encourage you to develop a short story or vignette around it. Surely we can all envision a spat between bambi, hatchet face and tele–no menage a tois that. And to have it all come to a head at g-20 when the issue of his leadership is already in doubt.

    I wish we could find someplace that original episode of The Outer Limits, where the extaterrestrial comes to earth with a book entitiled To Serve Man. He reminds you a bit of Obama. The public mistakenly assumes he is there to help him, and lavishes praise and adulation on him, just as they have with Bambi. It isnt until the very end that we learn the book entitled To Serve Man is in fact a cookbook. The same may turn of to be true here.

  59. What I have a hard time wrapping my head around is obama’s polling. They like him but they don’t like his policies or how he is doing his job. Just seems like an oxymoron to me.

  60. Jan: we should discount any poll which measures his popularity and concenrate of any poll which measures his performance as presidents. My thinking is the people who are polled are mentally incapable of connecting the dots here, we must discredit any poll which measures poplarity. Or we could suggest a third poll question which would raise the issue into high relief: given a choice between someone who makes you feel good, and someone who will make your life better, which would you prefer to have as president?

  61. Thanks JanH…..I love Bill Clinton and I am completely straight(not that it matters). That man should be “Ambassador to the World”.

  62. Our best wishes for those in the flood areas and the overflowing Red River. Here is one of our absolutely favorite folk songs:

    From this valley they say you are going,
    We will miss your bright eyes and sweet smile.
    So remember the Red River Valley,
    And the one that has loved you so true.

  63. “Our insatiable demand for illegal drugs fuels the drug trade. Our inability to prevent weapons from being illegally smuggled across the border to arm these criminals causes the death of police officers, soldiers and civilians,” Clinton said. “I feel very strongly we have a co-responsibility.”

    —————————————

    She’s honest. She tells it like it is. And she should have been POTUS!

  64. Treasury Secretary Timothy Geithner sent the dollar tumbling with comments about China’s ideas for overhauling the global monetary system, only to drive it back up by affirming that it should remain the world’s reserve currency.

    Geithner was initially asked at a Council on Foreign Relations event in New York about proposals from People’s Bank of China Governor Zhou Xiaochuan for a new international reserve currency. He said “as I understand his proposal, it’s a proposal designed to increase the use of the IMF’s special drawing rights. And we’re actually quite open to that.”

    The dollar slid as much as 1.3 percent against the euro within 10 minutes of news accounts of Geithner’s remarks. The U.S. currency was down 0.6 percent at $1.3553 as of 12:31 p.m. in New York.

    via
    Roger Altman, who worked with Geithner as deputy Treasury secretary in the Clinton administration, later asked Geithner whether he wanted to “clarify” his remarks.

    “I’d like to ask one final question, in effect on behalf of the market,” said Altman, founder of Evercore Partners Inc. “Let me ask the question this way. Do you see any change over the foreseeable future in the basic role of the dollar as the world’s key reserve currency?”

    ‘Strong’ Dollar

    Geithner responded by saying that “I think the dollar remains the world’s dominant reserve currency.” In an interview with CNBC broadcast after the event, the Treasury chief said that a “strong dollar” is in “America’s interest.”

    via bloomberg news

  65. From previous admin thread:

    President Barack Obama’s army of canvassers fanned out across the nation over the weekend to drum up support for his $3.55 trillion budget, but they had no noticeable impact on members of Congress, who on Monday said they were largely unaware of the effort. [snip]

    David Plouffe, who ran Obama’s campaign, now runs “Organizing for America” out of the Democratic National Committee. It uses the same Web-based tactics that won the presidency to mobilize public opinion behind Obama’s initiatives in a bid to redefine “business as usual” in Washington.
    &&&&&&&

    Let me get this straight. Obama got people excited about his candidacy, got them to go door-to-door and donate, and organize on the web, etc., so that he’d be elected President. As president, he would then be empowered to get a Democratically-controlled Congress on the same page as he to enact his various plans that he pledged he’d work for.

    But as president, as a weak leader, he doesn’t negotiate with Dems or Repubs in Congress. or when he does, it is not effective. To make up for this, he resorts to familiar campaign mode, having “his people” try to affect change from outside. It’s like all he can do is be a community organizer.

    So we have Community Organizer in Chief, or COOTUS.

    Hillary would have known what to do, how to negotiate, “where the keys are”, when she’d have stepped behind the Oval Office desk. Or shall I say, “…when she finally steps behind the Oval Office desk”.

  66. Interested on how the pundits will spin it with headlines “Hillary blames US”……………..

  67. djia Says:

    March 25th, 2009 at 3:40 pm

    Treasury Secretary Timothy Geithner sent the dollar tumbling with comments about China’s ideas for overhauling the global monetary system, only to drive it back up by affirming that it should remain the world’s reserve currency.

    ——————————————–

    Can’t these guys just shut up for a while?

  68. Roger Altman, who worked with Geithner as deputy Treasury secretary in the Clinton administration, later asked Geithner whether he wanted to “clarify” his remarks
    ——————
    Now that is what a good lawyer does when he gets a bad answer from his own witness. It is called rehabililating your witness. Geithner recognizing the implications of his prior statement and the follow up question from his associate clarified it. Why he did not see that clearly in the first place however is more food for thought.

  69. She’s honest. She tells it like it is. And she should have been POTUS!
    ——————————————————–
    That is because she is fundamentally a problelmsolver. Problemsolvers deal with empircal reality. Bamboozlers deal in hopium.

  70. wbboei Says:
    March 25th, 2009 at 3:13 pm

    Jan: we should discount any poll which measures his popularity and concenrate of any poll which measures his performance as presidents.

    =============

    Right. Rasmussen does this.

    Rasmussen: BO’s approval is lowest rating to date
    [ c. March 15, follw the link for their current rating ]

    Thirty-two percent (32%) now Strongly Disapprove giving Obama a Presidential Approval Index rating of +4, his lowest rating to date (see trends). [….]

    This is the tenth straight day that the President’s Approval Index rating has been in single digits. Previously, the rating had slipped to single digits just once. [….]
    The Presidential Approval Index is calculated by subtracting the number who Strongly Disapprove from the number who Strongly Approve.
    Much more info at their site:

    http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

  71. Patriot rocker revives call to ‘take America back’
    Steve Vaus re-records anthem that got him blacklisted in 1992

    worldnetdaily.com/index.php?fa=PAGE.view&pageId=92748

    Steve Vaus, whose patriotic anthem “We Must Take America Back” got him blacklisted by the recording industry 17 years ago, has re-recorded the song with updated lyrics for 2009 – and, this time, he believes, not even a radio station boycott can silence his haunting and inspirational track.

    In 1992, Vaus signed a recording contract with RCA. The resulting CD was called “We Must Take America Back,” and the title track instantly struck a chord with Americans starved for entertainment that spoke to them, touched their hearts and reinforced their core values.

    “We must take America back,” Vaus sang. “Put an end to the gangs and the drugs in the street and the fact that the bad guys most always go free. That is wrong. We need leaders who lead us, not stick us and bleed us and take all our money and send it abroad. We must take America back. We need prayer in schools and more things made in USA. It’s the least we can do for the red, white and blue. We must take America back.”

    Download Steve Vaus’ new version of “We Must Take America Back” for only $1.99.

    Listen to a free preview of the song.

    (Story continues below)

    Here are the updated lyrics to the song:

    The American Dream has become a nightmare,
    Signs of the times are on cardboard on corners in town,
    Like a cancer that’s silently spreading, there’s an unspoken fear … we’re on our way down.

    We must take America back, Main Street to Wall Street, cities and states
    Washington D.C., before it’s too late, there’s not long
    We need leaders who lead us, not stick us and bleed us,
    Then ransom our future, and our children’s – that’s wrong
    We must take America back, as liberty weeps, our forefather’s spin in their graves
    Pray God will bless some way out of this mess, We must take America back.

    Lord knows they’ll try to silence our voices
    They’ll pretend to be patriots fighting for fairness for all
    They’re not even fit to hold office
    What they believe doesn’t fit, with freedom at all

    We must take America back, Main Street to Wall Street, cities and states
    Washington D.C., before it’s too late, there’s not long
    We need leaders who lead us, not stick us and bleed us,
    Then ransom our future, and our children’s – that’s wrong
    We must take America back, as liberty weeps, our forefather’s spin in their graves
    Pray God will bless some way out of this mess, We must take America back.

    BRIDGE

    Fight for freedom, and the soul of the USA
    Right here right now, it’s Independence Day

    We must take America back, Main Street to Wall Street, cities and states
    Washington D.C., before it’s too late, there’s not long
    We need leaders who lead us, lift us and heed us
    Who stand for what’s right, and stand up to what’s wrong
    We must take America Back, now and forever, with God, in His rightful place
    Then He will bless, and protect the U.S.
    We must take America back

  72. Loving this song!!

    preview this song here:

    stevevaus.com/preview/WMTABPRVW.mp3

    back up the link to the .com and you can purchase his CD etc

  73. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man.

  74. So we have Community Organizer in Chief, or COOTUS.

    ————————————————————————————–

    Reminds me of cooties.

  75. OMG!

    BWAAAAHHHHHHHHHAAAAAA!!!!!!

    DB (AKA brillohead) is having money problems!

    It couldn’t happen to a more deserving #$@!

    “Over the last two months, I have seen my hours cut back, a newspaper column canceled, clients unable to renew their contracts with my firm, and others needing to renegotiate my modest fees. Business is drying up, and despite all my frantic maneuvers to move my little retirement funds out of harm’s way, my 401(k) is disappearing faster than the snow from the recent storm.”

    .washingtontimes.com/news/2009/mar/21/first-50-days—what-a-ride/

  76. BASIL

    bwaaaahhhhaaaaa!!!!!!!!!!!!!

    maybe she will be next to stand in line for food stamps??

    Dear Mr. HISTORICAL President

    Don’t you Remember me??

    I am the one who got you in the white house via all my monkey business with the primary votes
    I even worked with karl rove for you!…….

    S a v e m e P l e a s e!!!!!!

    XOXOXOX

    DONNA “stop the hate” Brazille

  77. Meeting with Secretary of State Clinton Sets Tone for Mexico Visit

    Written by Yuma News Now
    Tuesday, 24 March 2009

    Washington, DC – At a meeting this afternoon, Congressman Raúl M. Grijalva and 11 other Members of Congress, who represent border districts, met with United States Secretary of State Hillary Rodham Clinton to discuss relations with Mexico and the situation along the border.

    “I was encouraged by Secretary Clinton’s tone and her planned visit to Mexico speaks volumes about the United States taking steps to find solutions for this situation,” stated Grijalva. “She provided an outline that Mexico is a friend and strategic partner for security.”

    Secretary Clinton met with Members of border states on the eve of her trip to Monterrey, Mexico. She acknowledged that border violence is a shared responsibility of both countries and that relations with Mexico is vital to solving not only the current violence but long term issues like trade, immigration and cooperation. The meeting with Secretary Clinton occurred the same day President Obama released a proposal to invest in the border areas in order to address the increased level of violence, particularly in Ciudad Juarez and Tijuana, and the impact that it is having on the communities on both sides of the border.

    The U.S. plans for the border:

    · Under the Merida Initiative, investing $700 million this year to work in collaboration with Mexico on law enforcement and judicial capacity.

    · DOJ, DHS, and Treasury are all ramping up personnel and efforts directed at the Southwest border.

    Renewing the commitment to reduce the demand for illegal drugs here at home.

    Finally, to effectively disrupt illegal flows of weapons and bulk cash to Mexico and to ensure that our border security remains resistant to the flow of drugs and violence into the United States, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) is increasing its efforts by:

    Relocating 100 personnel to the SW border in the next 45 days, using dedicated resources from the economic stimulus, to fortify its Project Gunrunner aimed at disrupting arms trafficking between the U.S. and Mexico that has resulted in ATF referring more than 1,500 defendants for prosecution involving more than 12,000 weapons; and Continuing the eTrace Initiative which works with Mexican officials to forensically track weapons used in drug cartel violence. In FY07, Mexico submitted approximately 1,112 guns for tracing that originated in TX, AZ and CA.

    imperialvalleynews.com/index.php?option=com_content&task=view&id=4870&Itemid=2

  78. Planned Parenthood Will Honor Pro-Abortion Secretary of State Hillary Clinton

    by Steven Ertelt
    LifeNews.com Editor
    March 25, 2009

    Houston, TX (LifeNews.com) — The Planned Parenthood Federation of America will honor pro-abortion Secretary of State Hillary Clinton at a Friday night gala in Houston, Texas. There, Clinton is slated to receive the national abortion business’ highest honor, the Margaret Sanger award.

    The award, named after the Planned Parenthood founder who some say held racist views against African Americans, honors Clinton for her advocacy of “women’s health and rights throughout her public service career.”

    America Ferrera, an actress known for her work in “Ugly Betty,” will co-host the event with Planned Parenthood president Cecile Richards.

    The gala will be held in Houston’s George R. Brown Convention Center.

    lifenews.com/state3987.html

  79. Holbrooke Emerges as Power Center at State

    washingtonindependent.com/35483/holbrooke-emerges-as-power-center-at-state

  80. JanH Says:

    March 25th, 2009 at 5:18 pm
    Planned Parenthood Will Honor Pro-Abortion Secretary of State Hillary Clinton

    ———————————————————————————————

    Did they support her during the Primary?

  81. ADMIN HAVE YOU SEEN THIS??? OMG!!

    Obama’s involvement in Chicago Climate Exchange–the rest of the story

    Good news to know that the truth will always out–even when you’re Barack Obama.

    “Obama Years Ago Helped Fund Carbon Program He Is Now Pushing Through Congress” is a FOXNews story by Ed Barnes. In short, “While on the board of a Chicago-based charity, Barack Obama helped fund a carbon trading exchange that will likely play a critical role in the cap-and-trade carbon reduction program he is now trying to push through Congress as president.”

    The charity was the Joyce Foundation on whose board of directors Obama served and which gave nearly $1.1 million in two separate grants that were “instrumental in developing and launching the privately-owned Chicago Climate Exchange, which now calls itself “North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.”

    And that’s only the beginning of this tawdry tale, Mr. Barnes.

    The “privately-owned” Chicago Climate Exchange is heavily influenced by Obama cohorts Al Gore and Maurice Strong.

    For years now Strong and Gore have been cashing in on that lucrative cottage industry known as man-made global warming.

    Strong is on the board of directors of the Chicago Climate Exchange, Wikipedia-described as “the world’s first and North America’s only legally binding greenhouse gas emission registry reduction system for emission sources and offset projects in North America and Brazil.”

    Gore, self-proclaimed Patron Saint of the Environment, buys his carbon off-sets from himself–the Generation Investment Management LLP, “an independent, private, owner-managed partnership established in 2004 with offices in London and Washington, D.C., of which he is both chairman and founding partner. The Generation Investment Management business has considerable influence over the major carbon credit trading firms that currently exist, including the Chicago Climate Exchange

    .
    Strong, the silent partner, is a man whose name often draws a blank on the Washington cocktail circuit. Even though a former Secretary General of the 1992 United Nations Conference on Environment and Development (the much hyped Rio Earth Summit) and Under-Secretary General of the United Nations in the days of an Oil-for-Food beleaguered Kofi Annan, the Canadian born Strong is little known in the United States. That’s because he spends most of his time in China where he he has been working to make the communist country the world’s next superpower. The nondescript Strong, nonetheless is the big cheese in the underworld of climate change and is one of the main architects of the failing Kyoto Protocol.

    SNIP:

    These are the leaders in the Man-made Global Warming Movement, who three years later were to be funded by the man who was to become President of the United States of America.

    If we follow the time line on where Obama was during the funding of the Chicago Climate Exchange, he was still a professor at the University of Chicago Law School teaching constitutional law, with his law license becoming inactive a year later in 2002.

    It may be interesting to note that the Chicago Climate Exchange in spite of its hype, is a veritable rat’s nest of cronyism. The largest shareholder in the Exchange is Goldman Sachs. Chicago Mayor Richard M. Daley is its honorary chairman, The Joyce Foundation, which funded the Exchange also funded money for John Ayers’ Chicago School Initiatives. John is the brother of William Ayers.

    What a flap when it was discovered that the senator from Chicago had nursed on Saul Alinsky’s milk, had his political career launched at a coffee party held by domestic terrorist Bill Ayers, and sat for 20 years, uncomplaining in front of the “God-dam-America pulpit of resentment-challenged Jeremiah Wright.

    Folk were naturally outraged that the empty suit who would go on to become TOTUS was spawned from such anti-American activism.

    But the media should have been hollering, “Stop Thief!” instead.

    The same Chicago Climate Exchange promoting public rip-off was funded by Obama before he was POTUS.

    Even as man-made global warming is being exposed as a money-generating hoax, Obama is working feverishly to push the controversial cap-and-trade carbon reduction scheme through Congress.

    Obama was never the character he created for himself in the fairy-tale version in “Dreams of My Father”. He’s the agent of Change and Hope for cohorts making money down at the Chicago Climate Exchange.

    canadafreepress.com/index.php/article/9629

  82. Obama was never the character he created for himself in the fairy-tale version in “Dreams of My Father”. He’s the agent of Change and Hope for cohorts making money down at the Chicago Climate Exchange.

    ____________________________

    It is my expereince that a lot of people don’t really know themselves, but they create an image in their minds that they can live with. You know yourself when you look into your soul and say this is the most crappy rotten thing about me, and either you like that or you change that. Most people don’t want to admit even what the crap is.

  83. Did they support her during the Primary?
    ———————————-
    No. They supported the man who embraces Rick Warren who has the opposite philosophy they do, which is why they are not worth listening to. If they will defy their central purpose for the sake of politics, and abandon a woman who has advocated their policies then they are ridiculous. By the way Hillary does not favor abortions as the headline suggests. She believes they should be safe, rare and a last resort.

  84. I am a little surprised that Hillary would bother to attend an event sponsored by those benedict arnolds. It would seem there would be alot of excuses to bail out on something like that. If she decides to run again there is no way she can count on people like them. What they tell you to your face means nothing when the chips are down. She could always attend in absentia.

  85. The award, named after the Planned Parenthood founder who some say held racist views against African Americans, honors Clinton for her advocacy of “women’s health and rights throughout her public service career.”
    ************************
    The award, named after the Planned Parenthood founder, who some say held racist views against AA’s, MUCH LIKE HILLARY, WINK, WINK….

  86. Can I Just Say That KARMA Is Coming to Get DONNA BRAZILE. YOU BITCH, I HOPE YOU HAVE TO SLEEP UNDER A BRIDGE. I despise that woman.

    KARMA BABY.

  87. I remember “prissy ass” Donna’s emails to several people (me included) with her talk down, dismissive tone and almight hype. She pissed on Hillary and now people are pissing on her.

    Join the real folk Donna and see how it feels to have to “WORRY” where the next buck is coming from.

    I don’t feel for you not one bit.

  88. JanH Says:

    March 25th, 2009 at 2:08 pm
    White House team to overhaul fiendish US tax code

    WASHINGTON (AFP) — The White House Wednesday announced a new task force headed by former Federal Reserve chairman Paul Volcker to reform the Byzantine US tax code in the hope of recouping billions in lost revenue
    ******************************

    The Fraud can start by collecting the back taxes of his own appointments!

  89. DB (AKA brillohead) is having money problems!
    —————————————–
    She still keeps her 30 pieces of silver under the mattress. The same mattress her dance partner Roland Rawhide Martin lands on when he is in the neighborhood and those two lovebirds are too drunk to stand up straight. It may be lumpy but it still beats the sawdust floor. And that little schtict about her diminishing money is for constituent consumption only. Nothing she says is believable.

  90. Bambi needs to have his new task force COLLECT from Geithner FIRST. That fraud cheat owes the country money.

    Of course they’ll be going after the little folk.

    So good ole boy Roland and Donna are an item? I thought he was some preacher man or am I thinking of somebody else. Bring on the goodies.

  91. Anyone else here hear that AIG Insures the Congress and Senates PENSION fund. Things that make you go ummmm.

  92. birdgal and any other figure skating fans .. World Championships going on in LA right now. Wish I coulld have been there but I’m watching online and on Oxygen network. Michelle Kwan may come back!!!

  93. Geithner Plan Will Rob US Taxpayers: Stiglitz

    Reuters | 24 Mar 2009 |

    The U.S. government plan to rid banks of toxic assets will rob American taxpayers by exposing them to too much risk and is unlikely to work as long as the economy remains weak, Nobel Prize-winning economist Joseph Stiglitz said on Tuesday.

    “The Geithner plan is very badly flawed,” Stiglitz told Reuters in an interview during a Credit Suisse Asian Investment Conference in Hong Kong. U.S. Treasury Secretary Timothy Geithner’s plan to wipe up to trillion in bad debt off banks’ balance sheets, unveiled on Monday, offered “perverse incentives”, Stiglitz said.

    The U.S. government is basically using the taxpayer to guarantee against downside risk on the value of these assets, while giving the upside, or potential profits, to private investors, he said. “Quite frankly, this amounts to robbery of the American people. I don’t think it’s going to work because I think there’ll be a lot of anger about putting the losses so much on the shoulder of the American taxpayer.”

    Even if the plan clears banks of massive toxic debt, worries about the economic outlook mean banks could still be unwilling to make fresh loans, while the prospect of a higher tax burden to pay for various government stimulus plans could further undermine U.S. consumers, he said.

    Some Republican lawmakers have also expressed concern over the incentives offered by the government, which could end up providing private investors with more than 90 percent of the funds to buy the troubled assets.

    But President Barack Obama has said the plan was critical to a U.S. economic recovery, Stiglitz, a professor at New York’s Columbia University and a former World Bank chief economist, also urged G20 leaders at their London summit next month to commit to providing greater resources to developing countries and said China should be given bigger voting rights in the International Monetary Fund. “The voices of developing countries, and countries like China that will provide a lot of the money, are not heard.”

    China would be hard pushed to reach its targeted 8 percent economic growth this year, but the important thing was that at least the Chinese economy was still growing, he said.

    Stiglitz welcomed China’s proposal on Monday for an overhaul of the world monetary system in which Zhou Xiaochuan, governor of the People’s Bank of China, said the IMF’s Special Drawing Right has the potential to become a super-sovereign reserve currency. Stiglitz has long called for the U.S. dollar to be replaced as the only reserve currency. Basing a reserve system on a single currency whose strength depends on confidence its own economy is not a good basis for a global system, he says. “We may be at the beginning of a loss of confidence (in the U.S. dollar reserve system),” he said. “I think there is support for some sort of global reserve system.”

    cnbc.com/id/29848741

  94. FYI…that hardhitting GOP attack ad on Obama and Treasury re: AIG about what they knew and when they knew it that Admin imbedded a few days ago is running quite a bit in Southeast Florida

  95. dot48 Says:

    March 25th, 2009 at 6:41 pm
    birdgal and any other figure skating fans .. World Championships going on in LA right now. Wish I coulld have been there but I’m watching online and on Oxygen network. Michelle Kwan may come back!!!

    ————————————————————————————————–

    It is on Oxygen network? I’ll have to check my local schedule. MK come back would be wonderful, but it may be a dream. Kim, Asada, and Kostner would be formidable challengers. Even when MK was healthy, her 3-3’s were practically non-existent and other COP elements were sketchy. I would love to see her come back. She is always teasing us.

  96. So now the former chief econonomist of the world bank is saying the Obama bailout plan stinks. Badly flawed, perverse incentives, robbery of the American people are the words he uses. Add this to what two Nobel Prize winning economists are saying and you get the same reaction. Yet Wall Street Man Obama sallies forth. Idiots delight.

  97. dija…you would think the media would do their job and had pushed for timeline and clarity last night…but no…they just sit there and are lectured on what O “expects”

    he “expects” this and he “expects” that…sounds like a condescending dictator

  98. How can he expect anything, he has never done this before, and most if not all of his young economists have never done it either.

  99. Let us please dispense with calling this misbegotten bailout the Geithner Plan. It is the Obama plan and should be characterized as such. He selected Geithner. He embraced this plan. And he is promoting it to the American People. Ditto, the Pelosi stimulus pork laden stimulus. His plan. No one elses. When he embraces it and he is the president it becomes his plan. So this whole economic fiasco is the Obama economic plan and big media cannot hide the ball by blaming others.

  100. Obama Volunteer Bill Prohibits “Religious Instruction”

    Jonas Clark
    The Voice
    Wednesday, March 25, 2009

    Is this the change you really voted for? President Obama has only been in office for two months. Now we have HR 1388. The Bill was sponsored by Rep. Carolyn McCarthy (D-NY) with 37 others. The Bill was introduced to the floor of the House of Representatives where both Republicans and Democrats voted 321-105 in favor. Next it goes to the Senate for a vote and then on to President Obama.

    This bill’s title is called “Generations Invigorating Volunteerism and Education” (GIVE). It forms what some are calling “Obama’s Youth Brigade.” Obama’s plan is require anyone receiving school loans and others to serve at least three months as part of the brigade. His goal is one million youth! This has serious Nazi Germany overtones to it.

    The Bill would forbid any student in the brigade to participate in “engaging in religious instruction, conducting worship services, providing instruction as part of a program that includes mandatory religious instruction or worship, constructing or operating facilities devoted to religious instruction or worship, maintaining facilities primarily or inherently devoted to religious instruction or worship, or engaging in any form of religious proselytization.” That means no church attendance or witnessing.

    Again, is this what America voted for? Here is part of the HR1388 Bill’s wording:

    SEC. 1304. PROHIBITED ACTIVITIES AND INELIGIBLE ORGANIZATIONS.

    Section 125 (42 U.S.C. 12575) is amended to read as follows:

    SEC. 125. PROHIBITED ACTIVITIES AND INELIGIBLE ORGANIZATIONS.

    (a) Prohibited Activities- A participant in an approved national service position under this subtitle may not engage in the following activities:

    (1) Attempting to influence legislation.

    (2) Organizing or engaging in protests, petitions, boycotts, or strikes.

    (7) Engaging in religious instruction, conducting worship services, providing instruction as part of a program that includes mandatory religious instruction or worship, constructing or operating facilities devoted to religious instruction or worship, maintaining facilities primarily or inherently devoted to religious instruction or worship, or engaging in any form of religious proselytization.

    prisonplanet.com/obama-volunteer-bill-prohibits-religious-instruction.html

  101. S

    We keep calling them “the media” but they are not the media that are trusted ANYMORE……………WE the blogs are forums are! ;D

  102. birdgal, Kwan and Cohen BOTH. I wish they’d just come out and say “Yes, fcuk it all, I’m hard training and as of right now, I’m Olympic bound. I’d rather they did this than beat around the frickin bush.

  103. I confess i wasn’t paying much attention 8 years ago when GWB took office coz I was so disgusted he stole the election but does anyone remember him provoking such a huge crisis of confidence during his first few months in office?

  104. dot48 Says:

    March 25th, 2009 at 7:31 pm
    birdgal, Kwan and Cohen BOTH. I wish they’d just come out and say “Yes, fcuk it all, I’m hard training and as of right now, I’m Olympic bound. I’d rather they did this than beat around the frickin bush.

    ——————————————————————————————

    yes, BOTH Cohen and Kwan. Asada and Kim are the closest to Kwan and Cohen. Otherwise, Kwan and Cohen would continue to shine.

  105. THIS IS JUST APPALLING HOW VICIOUS THEY ARE TOWARDS ANYONE IN GOVERNMENT THAT IS “HONESTLY WORKING FOR THE PEOPLE” OR IF YOU ARE A WOMAN IN POLITICS.!!!

    big pink……. i would hope that we will rally behind this woman for the people and help defend her and donate to her defense fund if she does indeed create one.

    Palin Faces Latest Ethics Complaint

    The Alaska governor said last week she’s accumulated more than half a million dollars for her defense against various complaints and may be forced to create a legal defense fund.

    Another ethics complaint has been filed against Gov. Sarah Palin that claims a conflict of interest because she wore Arctic Cat logo gear during the Tesoro Iron Dog snowmobile race.

    Ten other ethics complaints have been filed against Palin’s administration. Palin has said that six of them were dismissed. But the Alaska governor said last week she’s accumulated more than half a million dollars for her defense against various complaints. She says she may be forced to create a legal defense fund.

    The governor called the latest complaint “another frivolous ethics charge” by a political blogger.

    “This would be hilarious if it weren’t so expensive for the state to process these accusations and for me to defend against these bogus harassments,” Palin said in her written statement.

    Palin’s husband, Todd, is sponsored by Arctic Cat in the Iron Dog, the world’s longest snowmobile race.

    Palin calls the complaint “asinine political grandstanding” by a blogger.

    “Yes, I wore Arctic Cat snow gear at an outdoor event, because it was cold outside, and by the way, today, I am wearing clothes bearing the names of Alaska artists, and a Glennallen Panthers basketball hoodie,” Palin said in Tuesday’s release. “I am a walking billboard for the team’s fundraiser! Should I expect to see an ethics charge for wearing these, or the Carhartts I wear to many public events?”

    The complaint was filed by Linda Kellen Biegel, a Democrat who blogs under the name “Celtic Diva.”

    Biegel maintains that Palin improperly used her position and state resources for her personal financial interests by being “a walking billboard for Arctic Cat, a private for-profit company and family business sponsor.”

    A photo on the state Web site shows Palin in a Team Arctic jacket kicking off the start of this year’s Iron Dog.

    Sharon Leighow, a Palin spokeswoman, said the governor had no agreement with Arctic Cat to wear the gear. Leighow said she didn’t know whether the clothing was donated by Arctic Cat.

    Biegel said Arctic Cat financially supports Todd Palin’s snowmobiling, which benefits the family.

    “I’m pleased to see that our governor supports our local artists and sports teams but I believe she’s missed the mark when it comes to what this ethics violation is all about,” Biegel said.

    In the governor’s latest financial disclosure, Palin did not specify how much Arctic Cat’s sponsorship was worth in 2008. The company provided a discount on snowmobiles, according to the disclosure. The sponsorship was valued at $7,500 in 2007.

  106. A more accurate and detailed article from the Anchorage Daily News:

    “On August 29, it seems the political landscape changed in Alaska. Now, it seems in order to do this job as Governor, with the political blood sport some are playing today, only the independently wealthy or those willing to spend their income on legal fees to defend their official actions in office … can serve,” Palin said in the written response to Daily News questions.

    SNIP

    Van Flein represented Palin on the Troopergate controversy, which grew from her dismissal of the state’s public safety commissioner, as well as other complaints alleging ethics violations, some of which have not been publicized. One was filed under the name of a soap opera character, Palin said. Another concerned the Alaska Seafood Marketing Institute using her photograph to promote seafood.

    Palin also faced a small claims case in Washington, D.C., that was dismissed when the plaintiff didn’t show up for a hearing.

    SNIP:

    Activists who have brought complaints against Palin said they don’t consider their efforts frivolous.

    Zane Henning, a North Slope worker, filed a complaint in November after the election, accusing Palin of partisan “post-election damage control” for talking to reporters about the campaign in her state office. He said he wanted to stop that sort of behavior, and it seems to have worked, but he couldn’t talk about the complaint further while it was pending.

    Andree McLeod, who has filed four ethics complaints against Palin and top aides, and made a number of public records requests, says she’s doing exactly what Palin expects. When Palin was sworn in as governor in December 2006, McLeod recalled, she said “Alaskans, hold me accountable; and right backatcha. I’ll expect a lot from you too.”

    “I’m unambiguously, steadfastly and doggedly holding Palin accountable,” McLeod said in a statement. Her most recent complaint, filed this week, accuses Palin of using state resources to post a campaign message on the state Web site, and using her state spokesman to address confusion caused by her political action committee.

    SNIP:

    Palin made $131,891 last year, counting her $125,000 salary and expense payments she collects when she’s away from Juneau, according to the disclosure. Todd Palin made $86,150 from his two jobs, as a commercial fisherman and a BP production operator.

    “Obviously we cannot afford to personally pay these bills — and really no future governor should feel the sense of financial vulnerability at the hands of those with a political vendetta bent on personal destruction,” Palin wrote. “Some have suggested a legal fund to pay these bills. We’ll have to pursue that.”

    adn.com/palin/story/731157.html

  107. Celtic Diva no doubt is a bot of the highest order. Too bad there are women like that. Try and make your sister look bad just for the like of BO.

  108. “We have made it very clear that the North Koreans pursue this pathway at a cost and with consequences to the six-party talks, which we would like to see revived,” Clinton said.

    “We intend to raise this violation of the Security Council resolution, if it goes forward, in the U.N.,” she said. “This provocative action in violation of the U.N. mandate will not go unnoticed and there will be consequences.”

    ——————————-

    This woman really does amaze me with her thorough grasp on world issues.

    Bravo Hillary!

  109. It appears that the #2 spot in the EPA nomination process has withdrawn…..

    Now that makes it ??? ummmm aahh…….I need to think it over before I write the number……it takes me a little while to figure out what I need to say 🙂

    Ouch!!!!!

  110. birdgal, skandal erupting in Mens Short Program!!! Patrick Chan according to Scott and Sandra seems to be Michelle reincarnated and the music just pours from him. The judges didn’t agree and he’s 3rd after short HAHA. I personally don’t get Chan myself. I’d have had Lysachek in first, Joubert second, Chan third. Chan’s gotta build up some capital as they say. Tomorrow is going to be a doozy!

  111. The Dems are still begging me for money like mad, and I keep emailing them back pithy replies. Harry reid wants me to help with his re-election campaign, and I mailed him back a doozy today.

    I also still send back mailers with lovely notes inside, so that the bastards have to pay the postage to be insulted!

  112. dot48 Says:

    March 25th, 2009 at 8:32 pm
    ———————————————————————————-

    Just got home, and turned on Oxygen. Pairs are on. Did the Mens SP come on, before the Pairs?

  113. HERE’S ANOTHER BRAVE WOMAN WITH TESTICULAR FORTITUDE LIKE OUR HILLARY AND SARA PALIN

    Meeting with the National Director of the Selective Service William Chatfield

    attn Eric Holder-attorney General
    Elena Kagan-Solicitor General,
    Department of Justice
    Robert Mueller-Director of FBI
    Mark sullivan-Director of US Secret Service

    Today, on 03.25.09. at 10:15 I have met with the National director of the Selective Service William Chatfield in his office at 1515 Wilson Blvd, ste 600 in Arlington VA.
    I have presented to Mr. Chatfield a report by the retired Federal Agent Steven Coffman, showing that Barack Obama’s Certification for Selective Service has numerous signs of forgery.
    Mr. Chatfield provided no explanation to the findings.
    I have asked, what is the explanation to the fact that the serial number on the top right of the page, that usually shows the year, showed 08, meaning that it was created in 2008 and under the card an 8 was added before the number to make it look 80, as if it was issued in 1980. According to agent Coffman it was forged to backdate it, to look as if it was issued in 1980. Mr. Chatfield had no explanation.
    Similarly I have questioned him about the wrong stamp, wrong form number and wrong dates (see the report in dossier #1).
    No answer and no information was provided.
    I have left the dossier with Mr. Chatfield and reiterated other troubling issues, such as a list of 100 addresses with numerous social security numbers for Mr. Obama,
    I demand immediate investigation of this matter.
    Sincerely
    Dr. Orly Taitz, ESQ
    949-683-5411

  114. As yet another example of how that evil bastard from the New York Times who now runs Associated Press operates, in reporting on Secretary Clinton’s statement concerning Mexico and the drug problem she said we share the responsibility whereas the Associated Press headline says that we share the “bame”. That has a much more pejorative connotation toward the united states than what she said. It invokes the blame America first charge against the far left. The guy is an ugly underhanded scheister and he thinks we do not see exactly what he is doing.

  115. wbboei Says:
    March 25th, 2009 at 4:19 pm

    Barack Obama is a Wall Street man. Barack Obama is a Wall Street man. Barack Obama is a Wall Street man.

    =====================

    And you cannot trust him, either.

    I wonder if even Wall Street can trust him.

  116. birdgal Says:
    March 25th, 2009 at 4:32 pm

    So we have Community Organizer in Chief, or COOTUS.

    =================

    In TOTUS COOTUS ?

  117. wbboei Says:
    March 25th, 2009 at 7:19 pm

    Let us please dispense with calling this misbegotten bailout the Geithner Plan. It is the Obama plan and should be characterized as such. He selected Geithner. He embraced this plan. And he is promoting it to the American People.

    ===============

    Do we know that GEithner even wrote it? Or that Summers wrote it or appoved it?

    What if some Obama crony wrote it and they are just making Geither sell it? So G becomes the fall guy.

  118. And you cannot trust him, either.

    I wonder if even Wall Street can trust him
    —————————————–
    His support is always on the auction block. Always for sale to the hightest bidder. Wall Street may own him today. But come tomorrow there may be a higher bidder and then its goodbye Wall Street. It is never a Bogie Bacall goodbye either. It is a do I know you, I think I recognize the face, I am sure we have met somewhere before. I never forget a face. If there is one consistent theme that runs through his entire career, then surely it is that. Wonder how Uncle Tony is doing.

  119. Had to know this one was coming LMAO!!!

    Democrats vs. Democrats

    House Minority Leader John A. Boehner snarled at moderate Democrats Wednesday, but the real bite came from liberal groups frustrated by centrist opposition to Barack Obama’s budget priorities.

    As Boehner accused Blue Dog Democrats of being “lap dogs” for Obama, MoveOn.org and Americans United for Change, the labor-backed organization that serves as the White House’s chief third-party operation, began airing ads Wednesday urging moderate Democrats in both the House and the Senate to get on board with the president’s budget.

    Among the targets of Americans United for Change is Sen. Mark Pryor (D-Ark.), who declared the ads “not very helpful.”

    “The liberal groups need to understand that we are not elected to represent the president,” Pryor said. “We’re elected to represent our states, and we are trying to reflect the attitudes and values of the people who sent us to Washington.”

    Sen. Evan Bayh (D-Ind.) is also unhappy with the friendly fire. Bayh announced last week that a group of centrist Democrats had come together to negotiate as a bloc with the White House and party leaders on major legislation. He promptly found himself targeted by an ad accusing him of “standing in the way of President Obama’s reforms.”

    “We literally have no agenda,” Bayh shot back. “How can they be threatened by a group that has taken no policy positions?”

    But liberal groups that worked hard to elect Obama are unhappy with the prospect of having moderate Democrats like Pryor, Bayh and the Blue Dogs in the House trying to slow down his agenda.

    “We are going to need almost every Democratic vote to pass the budget,” said MoveOn Executive Director Justin Ruben. “Our ads ensure the voices of our 5 million members and the millions of other Americans who support this budget can be heard over the army of lobbyists.”

    Vermont Sen. Bernie Sanders, a registered independent who leans far left, complained that “so-called moderates have the threat of voting with the Republicans” while “those of us who believe in protecting the needs of middle-income working families don’t have that luxury.”

    But the Democrats under attack in the new ads claim that they, too, are watching out for working-class families. “My concern is that we have this mountain of debt,” said Pennsylvania Rep. Jason Altmire — one of the targets of the MoveOn.org advertising campaign. “We have a short-term fiscal crisis that we need to dig ourselves out from. Is this the right time to put three massive initiatives in the budget?”

    Leadership aides were grumbling about the liberal advertising campaigns. Asked if the ads were unfair, Sen. Richard J. Durbin (D-Ill.) said he hadn’t heard them yet and that it would depend on how they were phrased.

    And while Pryor and Bayh were put off by the spots, some of the other targets took them in stride.

    “I don’t mind hearing from folks on either side of the issue,” said Virginia Sen. Mark Warner. “I’m going to do what I think is right.”

    “They’re just expressing their views,” said Louisiana Sen. Mary L. Landrieu, another target. “It’s not views I necessarily agree with, but there is no bad blood here on our end.”

    Democratic House and Senate budget writers released their own budget proposals this week, and they punted on some of the toughest choices set forth in Obama’s plan. Neither bill sets aside fast-track consideration for health care reform or a controversial cap-and-trade program. The House bill also included balanced budget protections long sought by the Blue Dogs.

    Republicans are expected to oppose the final budget bills en masse whenever they come to the floor.

    On Tuesday, Boehner told his rank and file that their goal should be to delay consideration of the budget because the longer it sits around, “the worse it smells,” according to people who attended the closed-door caucus meeting.

    On Wednesday, he unloaded on the Blue Dogs, saying they’d done nothing to work with House Republicans and ought to “get off people’s laps and actually do something.”

    Boehner’s remarks — made at a Yale Club event — sparked a sharp response from Blue Dog co-chairman Charlie Melancon, who said that Boehner and the Republicans had done nothing to restrain eight years of big government spending under George W. Bush. He said the Blue Dogs would “continue working in a productive manner to moderate legislation and offer common-sense policy alternatives.”

    politico.com/news/stories/0309/20504.html

  120. If there was one question I would ask Mr. Obama it would be whether he will make an unequivocal commitement not to pardon Uncle Tony given all that Tony did to screw over the black community and the taxpayers. Tony needs to know he is up shit creek without a paddle or a messiah. Then he could make the best deal he can with Fitz.

  121. Birdgal, yes pairs on before mens. Go to FSU and get the lowdown. FigureSkatingUniverse All hell’s broke loose, the board is burning .. well, not literally 😆

  122. Palin made $131,891 last year, counting her $125,000 salary and expense payments she collects when she’s away from Juneau, according to the disclosure. Todd Palin made $86,150 from his two jobs, as a commercial fisherman and a BP production operator.

    ================

    Isn’t that, like, under the $250,000 income that Obama said should be the cut-off for his tax / spread the wealth plan?

  123. What if some Obama crony wrote it and they are just making Geither sell it? So G becomes the fall guy.
    ————————-
    It is more probable than not that neither Geithner nor Summers wrote the bill that Obama never read. This bill is a vehicle to rob the American taxpayer and reward Wall Street inter alia. Legislative counsel helps with the draftmanship. But the impetus may well have come out of the Chicago Board of Trade and/or Wall Street. As always, the Obama modus operandi is to reward cronies at the expense of constituents.

  124. ‘I’m having a very good crisis,’ says Soros as hedge fund managers make billions off recession

    A hedge fund manager who predicted the global credit crunch has said the financial crisis has been ‘stimulating’ and the culmination of his life’s work.

    George Soros, who predicted the global financial crisis twice before, was one of the few people to anticipate and prepare for the current economic collapse.

    Mr Soros said his prediction meant he was better able to brace his Quantum investment fund against the gloabal storm.

    But other investors failed to take notice of his prediction and his decision to come out of retirement in 2007 to manage the fund made him $US2.9 billion.

    And while the financial crisis continued to deepen across the globe, the 78-year-old still managed to make $1.1 billion last year.

    ‘It is, in a way, the culminating point of my life’s work,’ he told national newspaper The Australian.

    Soros is one of 25, top hedge fund managers from across Wall Street who have defied the credit crunch crisis to reap a total of $11.6billion (£7.9bn) last year.

    The managers made their profit by trading above the pain in the markets, according to Institutional Investor’s Alpha Magazine.

    Former maths professor James H. Simons, who has made billions in hedge fund Renaissance Technologies, earned $2.5 billion running computer-driven trading strategies.

    And John A. Paulson, who made his fortune by betting against the housing market, came in second earning $2 billion.

    dailymail.co.uk/news/worldnews/

  125. …boy, what a racket…take a look at how ‘our’ money is getting filtered and laundered…we are so screwed by O and his Treasury…

    nypost.com/seven/03252009/business/double_dippers_161157.htm

    businessinsider.com/it-looks-like-citi-and-bank-of-america-are-already-gaming-the-system-2009-3

  126. Obamas other point man at the head of the Fed is fixing to double the money supply. One way or another he aims to get his hands in our wallets. He is likely to tank the system too.

    Yea, sure, the Fed is a separate entity not subject to executive control. You believe that? Yes! Do you also believe in the tooth fairy?

  127. Well now we all know that obama has a lot of people to pay back for bribing his way into the totus position. He sold his soul over and over again.

    Now he is ensuring that at the expense of ordinary American taxpayers, his friends like soros thrive.

    There is a special place in hell for people like that.

  128. ‘I’m having a very good crisis,’ says Soros as hedge fund managers make billions off recession

    A hedge fund manager who predicted the global credit crunch has said the financial crisis has been ’stimulating’ and the culmination of his life’s work.
    —————————————-
    He is a key Obama backer, and a traitor to this country. He is the same guy who collected the personal effects of people sent off to death camps in 1944 and told Steve Croft on 60 Minutes on February 20, 1998 that he had no regrets about it. He planned Obamas campaign and introduced him to leading investment bankers like the head of UBC who participated in this planning process. He is heavily invested in the drug trade as well, favors open borders and legalization of drugs.

  129. The other thing to realize is that candidate Hillary Clinton wanted to clamp down on the influence of hedge fund people like Soros over our economy. That is a big reason why he promoted bambi and according to one source calls the shots now in the dim party.

  130. Hezbollah says U.S. “top terrorist state” in the world

    2009-03-26

    BEIRUT, March 25 (Xinhua) — The Lebanese Shiite armed group Hezbollah said Wednesday that the United States is the “top terrorist state” which supports terrorism in the world, local Elnashra website reported.

    “Hezbollah is honored to be accused of terrorism by the U.S. administration, which is the top terrorist state,” the group said in a statement. It added that statements of U.S. Assistant Secretary of State for Near East Affairs Jeffrey Feltman are “desperate and empty.”

    Earlier on Tuesday, Feltman told the U.S. House Subcommittee on the Middle East and South Asia that Hezbollah remains a terrorist group unless it renounces terrorism both in Lebanon and abroad, referring to Britain’s decision to start contacts with Hezbollah. On March 5, Britain’s Foreign Office said it has reached out to Hezbollah in order to coax the militant group to lay down its arms and take part in the recovery of the war-torn country.

    “It is not strange for Feltman to interfere in Lebanese affairs, which he got used to since he was once an ambassador to Lebanon,” Hezbollah added. The group also accused the United States of supporting Israel which it describes as a “terrorist state” as well.

    news.xinhuanet.com/english/2009-03/26/content_11073211.htm

  131. Clinton Says US Shoulder-to-Shoulder With Mexico in Fight Against Drug Gangs

    By David Gollust
    Mexico City
    26 March 2009

    In Mexico City Wednesday, Secretary of State Hillary Clinton promised the Obama administration will stand side-by-side with Mexico in its fight against drug cartels, and acknowledged that the United States shares blame for the deadly unrest. Clinton laid groundwork for next month’s Mexico visit by President Obama.

    Secretary Clinton’s first Latin American trip is partly aimed at soothing Mexican feelings over recent suggestions by some U.S. analysts that the government of President Felipe Calderon is losing the war with drug cartels, or that Mexico might be on its way to becoming a failed state. In talks with President Calderon and other senior officials, and in a series of press events and interviews with Mexican media, Clinton stressed U.S. faith in, and tangible support, for the Mexican government.

    At a news conference with Mexican Foreign Secretary Patricia Espinosa, Clinton hailed what she termed the great courage and dedication of Mr. Calderon, and said the U.S.-Mexican relationship is stronger than any problem they confront including the drug violence. “We are confident that with the courageous efforts undertaken by President Calderon, the government of Mexico, the military and police of Mexico, and the people of Mexico, that the efforts undertaken to strengthen this country’s response: to stamp out corruption, top build strong institutions will succeed,” said Hillary Clinton. “And we will stand shoulder to shoulder with you as you undertake all of these actions.”

    Clinton, advancing an administration plan announced Tuesday to curb cross-border drug, money and weapons traffic, said the United States will given Mexico more than $80 million to buy U.S.-made Blackhawk helicopters to bolster its arsenal against traffickers. She also said the United States’ insatiable appetite for illegal drugs makes it co-responsible for the drug violence – mainly in Mexican towns near the U.S. border – that has claimed seven thousand lives since the beginning of last year. “We have accepted that this is a co-responsibility,” she said. “We know very well that the drug traffickers are motivated by the demand for illegal drugs in the United States, that they are armed by the transport of weapons from the United States to Mexico, and therefore we see this as a responsibility to assist the Mexican government and people in defeating an enemy that is committing violence and disruption that is very harmful.”

    Foreign Secretary Espinosa, for her part, said she would welcome repeated visits by U.S. officials to cities all over Mexico to dispel the notion that the Calderon government is losing control of parts of the country to the drug cartels. “I have rejected also the idea that Mexico is a failed state,” said Patricia Espinosa. “And I have stated that it is very clear for anybody who comes to this country, for any person who lives here, that this is a democratic country, with strong institutions, with very strong leadership, where the citizens can really have a normal life, every day.”

    Clinton ends her brief Mexico visit Thursday with a stop in the northern industrial city of Monterrey. Monterrey has been the scene of some violence but Clinton said she is going there to highlight the city’s high-tech industries including work on alternate energy sources.

    voanews.com/english/2009-03-26-voa1.cfm

  132. I was re-reading The Great Reckoning which was written nearly 20 years ago. I came across this paragraph which is relevant to our current situation @ p. 196:

    “As Charles Kindelberger in his explanation of the Great Depression of 1929, one of the chief reasons for the Great Depression which swept over the world was there was no longer a single country willing or able to discharge the following functions:

    1. maintain a relatively open market for distressed goods.

    2. provide countercyclical, or at least stable long term lending.

    3. policing a relatively stable system of exchange rates.

    4. ensuring the coodination of macro economic policies.

    5. acting as a lender of last resort by discontinuing or otherwise providing liquidity in a financial crisis.

    Today, the United States does not have that capacity, despite the relative size of its economy. Some interantional bodies have been created to fulfill some of these requirements and more will be in the offing.

  133. If I am right then the 5 issues listed above will be the focal point of the g-20 meeting even though the observations were made in 1973.

  134. In rereading that book which I have not read in a 15 years I see there is alot more that is relevant. It is very similar to the video posted by Admin above. The book was written by James Davidson who was a brilliant scholar, handsome, articulate and thorough. He was head of the National Taxpayers Union and the very opposite of his successor Grover Norquist who is a disgusting neocon thug. His co-author is a Thatcherite named Lord Reese-Mog. He was head of the London Times and Vice Chairman of the BBC. I am not sure if Davidson is still living but Lord Reese-Mog certainly is. Here is the flavor of what they were saying in 1994, which was before the dot com bust, MFN for China, the rise of the internet:
    ————————–
    “The containment of a depression which appeared to have been successful through the end of 1992 cannot ultimately work. It is a policy of postponement not prevention. The multi trillion dollar losses
    suffered due to malinvestments in the 1980s are real. They can only be disguised until the good credit of government is exhausted.

    Running huge deficits to postpone further decline in living standards has been naively considered a policy of success by the few observers who acknowledge that the current environoment is a depression. But this may be the misunderstanding of the century. By running down its own balance sheet government is ensuring that it will lack the capacity to alleviate the worst suffering when things get out of hand.

    Programs to prevent debt liquidation like Fannie Mae, the Federal Deposit Insurance Corporation, the Pension Guarantee Board, the Resolution Trust Corporation, do not alter the basic contractionary forces in the system. On the contrary, they make them worse. They add to the total debt burden and do so in a way that exhausts the good credit of government even before the contraction has reached it deepest stage.

    History shows that once the nominal growth rate slows in a heavily indebted economy, there can be no recovery unless the excess debt is eliminated. Political efforts to expand debt, enthusiastically supported in all quarters today, do nothing to lift the burden of debt service, which is the cause of slow growth and faltering incomes in the first place. . .

    But watch out. (When) debt has grown too large to be sustained out of cash flow (i.e. deficit spending), the balance sheet will be depelted (and then) a deeper crisis of asset liquidation will catch the world by surprise (i.e. deflation). . .

    Even if politicians stand ready to bail out insolvent banks, and subsidize their constituents with falling incomes, the losses will show up somewhere in the system, in the form of currency devaluation, punitive interest rates, higher taxes, inflation or some other measure of economic distress. If recoveries do not emerge soon, bond and currency markets will force real cuts in public expenditure, shocking millons who believed politican would protect them from economic difficulty. . .

    Just as we believe it is impossible to sustain an economic system which prevents anyone from profiting, we believe it will be impossible to sustain a political economy which prevents anyone from losing. In the long run, the market is more powerful than governments. ” (p. 16-7)

  135. Remembering who started the ball rolling triggering the crisis… Paulson.

    Soros and Paulson were just waiting to drop the hammer on the Lehman BK for their windfall profits to start rolling in .. and Paulson’s brother, John A. Paulson, who made his fortune by betting against the housing market, just like Soros did came in second in the lower rung of Hades earning $2 billion on the brows and the backs of the middleclass homeless.

  136. I have the distinct feeling Obama is going to cut his vacation short while attending the G-20 Summit. His razzle-dazzle has lost it’s glitter now that he is seen as the empty suit.

    It will be interesting seeing his reaction to booing crowds and politicos calling for his head as he attempts to schmooze his way through the Summit.

  137. Cuomo: ‘My only plan’ is re-election to attorney general

    March 25, 2009
    Chris White

    New York State Attorney General Andrew Cuomo said despite recent polls showing him far ahead of Governor David Paterson in a gubernatorial primary, he wants to stay on as the state’s chief legal officer. “I hope the people think that I’ve been delivering for them as attorney general,” he said Tuesday night at Schenectady County Community College. “I’ve been trying my best and my only plan is to run for re-election as attorney general.”

    Cuomo would beat Paterson 67 percent to 17 percent in a Democratic primary, according to voters who took part in a Siena College Research Institute poll released earlier this week. Cuomo said he is heartened by the poll numbers and support for his current position — 68 percent of poll participants said they had a favorable opinion of Cuomo — and he will look to keep his job when his term is up next year. “The polls go up the polls go down,” he said. “I’m very happy being attorney general.”

    He did not answer directly a question as to whether he is ruling out a run for governor. “I believe Governor David Paterson is going to run for re-election as governor,” Cuomo said. “I believe he’s going to be re-elected as governor.”
    Cuomo said despite what he called tough negotiations and having to deal with budget numbers, Paterson will be “fine at the end of the day and his leadership will shine through.”

    cbs6albany.com/news/cuomo_1261994___article.html/general_attorney.html

  138. For now, the G-20 is the key. The pillars of the Summit BO and GB have been rocked to their core. Both are seen as specious leaders by their countrymen. However, only and until people like Soros begin to feel the pain of Hussein’s inept leadership will there be a chance for his removal.. As I’ve mentioned before, the ‘citizenship’ issue is their Trump card. Events have to follow to force them to play it… like a miracle.

    Has anyone read that Geithner is looking to transfer more authority to the Executive Branch for control of the Treasury? One wonders where they are going with that?

  139. online.wsj.com/article/SB123802235514741871.html

    Obama Points Back to the GOP’s Future
    The president has made taxes and spending the big issues again

    Snip-

    Federal spending will under Mr. Obama top $4 trillion this year. This translates into 28.5% of GDP — a level exceeded only at the height of World War II. According to the president’s plans, spending will thereafter slow for three years, but then grow faster than the economy for the next seven years and beyond. Spending rises by $3.1 trillion from 2009-19, including $911 billion for legislation signed during his first two months in office, including the stimulus bill and the expansion of the State Children’s Health Insurance Program (and not including interest on the mushrooming debt). Mr. Obama is violating every tenet of his promise “to spend wisely, reform bad habits, and do our business in the light of day.”

    Tuesday night’s news conference showed a fluid, self-assured president — but one who seems to think that repeating a false argument will make it true. The man who promised to end “finger-pointing” has developed the habit of blaming everyone who came before him. Invoking the language of fiscal responsibility, he is engineering prosperity-killing deficits and bankrupting spending. Mr. Obama has put front and center a set of issues — spending and taxation — that brought Republicans to power in the past and may bring them back again. It looks as if we may be heading back to the future.

  140. marie-I gave him an F and if there were a lower grade for forcing this country into a depression by a bank bailout which will enrich wall street and loot the America People while at the same time embarking on a pork laden spending program committing the very sin Davidson and Lord Reese Mog noted upthread a few comments. The poll of course is rigged, and most participants are among the deluded, since that is their prime audience so I ignored any of their other skewed data. Their core audience has the mental acuity of Pavlov’s Dog, therefore there opinion is of zero interest in the scheme of things.

  141. Cuomo has handled himself well. I have been quite impressed actually. He knew what to do about the AIG bonuses, whereas Mr Obama was for them before them and even though he can tell us X and not X in the same sentence while big media tells us that is perfectly consistent, which merely to say that can turn on a dime here he did not. He was determined to rob the American People as long as he thougt he could still get away with that, hence it took him a few days for their verdict to come in and only then did he become a contrarian. The problem is those of us who were paying attention knew him before he was a virgin on this issue.

  142. But obama needs to take a few days to learn about this stuff before he can act. Hillary would have acted immediately. She was ready on day 1. Cuomo as well.

  143. What an insecure person O is. There were many ways to answer that question without putting Como down.

  144. # JanH Says:
    March 26th, 2009 at 10:37 am

    But obama needs to take a few days to learn about this stuff before he can act. Hillary would have acted immediately. She was ready on day 1. Cuomo as well.
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    Obama knows exactly what he’s doing all the time. His act consists of playing inept to the public in lieu of looking like a conspirator which he surely IS! And according to pumasunleashed.wordpress.com
    Geithner, Henry Paulson and Obama’s time has been taken up with planning a strategy of turning over authority of the Treasury to the Executive Branch.

  145. What do people think about the stock market? Dead cat bounce?
    ————————
    That is what the chief economist at Bank of America is saying. The fundamentals are not there. My guess is it may be sustainable through the G-20 and for a period of time thereafter. But there will come a time when the wisdom of davidson, reese-mog, and dare I say it now Von Misces is proven right.

    Watch Geihtner. He is now saying something about new rules neeeded. Rule 1-rob the American People. Rule 2- Reward Wall Street. Rule 3-vote for the sociopath-Obama. Rule 4-mandatory national service in the waffen is perfect freedom. Rule 5-welcome to Animal Farm. Rule 6: world government is necessary in order to save the financial system and save the planet.

    This printing of more money is an end run around Congress. If I were a bluedog I would be thinking about legislation to curtail the power of the Fed to print money, as an infringment upon the powers of the purse string which are conferred upon Congress under Article I. Then watch the fur fly.

    If I am not careful here I will start sounding like Ron Paul. But better him than what we have now.

    The other thing I noticed is that msnbc has not really noticed the pivotal role barney frankenstein played in the mortage crisis by hounding and harassing the people who tried to sound warning bells–he beat up on the whistle blowers. Whether he did that for sport, to protect his boyfriend or due to ignorance (the most likely reason), the point is that is what we should thing about when we hear Barneys name.

    Instead, what we are getting from msnbc are essays on his witticisms, sharp tongue, sardonic wit–another pathetic diversion, and classic example of how big media in general and that network in particular is incapable of coming to terms with the serious issues confronting the country. That is what a corrupt media does. They write essays about the irrelevant.

    The first question you should ask anyone who offers an opinion on politics contrary to yours is perhaps where do you get your information. That is a good way to collaterally attack their opinion without attacking them directly. The you can simply point out the ge connection, and the business motives which animate them.

  146. Justices hear arguments over anti-Clinton movie

    The nation’s highest court is considering whether Hillary: The Movie should be considered a regular documentary or a political advertisement.

    BY MICHAEL DOYLE

    WASHINGTON — Supreme Court justices on Tuesday gave decidedly mixed reviews to efforts to regulate Hillary: The Movie, as they considered a case that will shape future election campaigns. Everyone agrees the 90-minute film is vehemently anti-Hillary Clinton. The justices disagree on whether it’s tantamount to a political ad that can be regulated or a documentary that enjoys full free-speech protection. ”I saw it,” Justice Stephen Breyer said. “It’s not a musical comedy.”

    The hourlong oral argument Monday in the case, Citizens United v. Federal Election Commission, left certain only one thing: The Supreme Court will produce another sharply fractured decision guiding future campaign finance rules. Justices Ruth Bader Ginsburg, David Souter and Stephen Breyer suggested that they consider the film the kind of campaign advocacy that’s subject to reasonable regulation. By contrast, Chief Justice John G. Roberts and justices Antonin Scalia and Samuel Alito cast the campaign-finance regulations as an infringement on the First Amendment.

    A SLIPPERY SLOPE?

    Alito, in particular, drilled home the point that campaign books might be banned next if the Obama administration prevails in the argument that campaign-finance restrictions extend to a lengthy documentary film. ”That’s pretty incredible,” Alito said, to say that “if a campaign biography was published, that could be banned.”

    A conservative group called Citizens United produced Hillary: The Movie and released it in January 2008. Featuring conservative commentators such as Robert Novak and Ann Coulter, the movie repeatedly describes Clinton with words like ”cunning,” ”ruthless,” ”deceitful” and “Machiavellian.” At the time of the film’s release, Clinton was a New York senator in the midst of the Democratic presidential primary, which she eventually lost to Barack Obama. Now secretary of state, she was at the time considered the front-runner for the Democratic presidential nomination.

    ”This documentary is the very definition of the robust, uninhibited debate . . . that the First Amendment is there to guarantee,” said Theodore Olson, a former Bush administration solicitor general who represents Citizens United. Corporations and labor unions long have been banned from directly funding political campaigns, although they can establish political action committees. A 2002 campaign-finance law extended the restrictions to cover ads that seek to sway voters without explicitly calling for a particular vote.

    `ELECTIONEERING’

    The 2002 law blocks corporations and labor unions from funding such ”electioneering communications” within 30 days of a primary or 60 days of a general election. Individual contributors also must be disclosed. Citizens United showed the movie in six theaters nationwide. The organization also wanted to pay $1.2 million so the movie could be distributed through a video-on-demand service. The Federal Election Commission said the film was the ”functional equivalent” of the kind of campaign advocacy for which contributors had to be identified and corporate and labor funds were banned.

    miamiherald.com/news/nation/story/966207.html

  147. Hillary Clinton offers Mexico help on drugs

    March 27, 2009

    MEXICO CITY: US Secretary of State Hillary Clinton yesterday pledged to stand “shoulder to shoulder” with Mexico in its struggle against violent drug cartels, and admitted that America’s demand for illegal narcotics and the US arms export market were partly to blame. Fearing that Mexican drug violence might spill across the border, Ms Clinton promised to boost co-operation to improve security on both sides. “The criminals and kingpins spreading violence are trying to corrode the foundations of law, order, friendship and trust between us that support our continent,” she told a news conference with Mexican Foreign Relations Secretary Patricia Espinosa yesterday. “They will fail. We will stand shoulder to shoulder with you.” Her comments came after lengthy talks in Mexico City with Mr Espinosa and Mexican President Felipe Calderon.

    On Wednesday, the Obama administration pledged to send more money, technology and personnel to secure the border in the US southwest and help Mexico battle the cartels. Ms Clinton said the White House would seek an additional $US80 million ($114 million) to help Mexico buy Blackhawk helicopters. All this is in addition to the three-year $US1.4billion program initiated by the Bush administration to support Mexico’s efforts in the war on drugs. Congress has already approved $US700 million, and President Barack Obama has said he wants to revamp the initiative.

    Mr Obama said on Wednesday he wanted the US to do more to prevent guns and cash from illicit drug sales flowing into Mexico.

    Ms Clinton’s remarks were more forceful in recognising the US share of the blame. In the past, particularly under the Bush administration, Mexican officials complained that Washington failed to acknowledge the extent to which US drug demand and black-market weapons smuggling fuelled the violence. “I feel very strongly we have a co-responsibility,” Ms Clinton said. “Our insatiable demand for illegal drugs fuels the drug trade. “Our inability to prevent weapons from being illegally smuggled across the border to arm these criminals causes the deaths of police officers, soldiers and civilians.” Criminals were outgunning law enforcement officials, she said, referring to guns and military-style equipment such as night-vision goggles and body armour that the cartels are smuggling from the US. “Clearly, what we have been doing has not worked and it is unfair for our incapacity … to be creating a situation where people are holding the Mexican Government and people responsible,” she said. “That’s not right.”

    US officials said her priorities included encouraging Mr Calderon’s Government to increase its battle against rampant corruption by promoting reform of the police and judiciary. Just hours before she arrived in Mexico, the Mexican army announced it had captured one of the country’s most-wanted smugglers, a man accused of controlling the flow of drugs through Monterrey for the powerful Beltran-Leyva cartel.

    The US measures outlined on Wednesday include increasing the number of immigration and customs agents, anti-drug agents and anti-gun-trafficking agents operating along the border, as well as sending more US officials to work inside Mexico.

    theaustralian.news.com.au/story/0,25197,25246915-2703,00.html

  148. Mrs. Smith Says:
    Obama knows exactly what he’s doing all the time. His act consists of playing inept to the public in lieu of looking like a conspirator which he surely IS!

    ==============

    It’s certainly havign that effect. His fat cat friends get to run off with the money while he covers and distracts. Remeber someone (Frank?) tried to investigate what the banks were doing with the money and Obama blocked that (citing “Paperwork Act”!!).

  149. Obama knows exactly what he’s doing all the time.
    ——————–
    Mrs. Smith, I think he is a controlled robot, but I am not at all sure he knows what he is doing. He knows what he is trying to do, but that is different. If someone with a strong backgound in economics cross examined him about his plan, and pinned him down on his answers the way big media never does, I am certain his knowledge of the subject does not extend very far past the talking points. What they say about politicians in general is doubly true about him–a mile wide and six inches deep. In his case it would be a centimeter. That is why he avoids answering questions and launches into dissertations on the irrelevant. It was so obvious that a five year old could spot it unless he or she was mainlining on the bots drug of choice-hopium, which dulls the mind and overwhelms the common sense faculties such as they are.

  150. Remeber someone (Frank?) tried to investigate what the banks were doing with the money and Obama blocked that (citing “Paperwork Act”!!).
    ————————
    Where is that one now? Lets send an email to Naders organization. That is one they could sink their teeth into, and get donations too. If Geithner can capitalize bad debts with taxpayer monies, the surely Public Citizen could capitalize on the public reaction to this improvident approach to the problem.

  151. She is 100% correct and says what we all know. Our use of illicit drugs has a direct correlation with the issues facing the US/Mexico. Supply will always feed demand, and when every other commercial on TV is for some form of pharmeucutical , it is no wonder why we are a drug crazed nation, whether they are legal prescribed or illegal.

  152. Yes, wbboei…

    Hot off the presses and from your mouth to God’s ears Frank-enstein is supporting Geithners plan for heavy regulation and giving his personal recommendation for gaining Congressional approval. If they plugged all the loop holes they created over the years and regulated the Hedge Funds, there would be no need for an overhaul. Sounds to me, this little trick would give them unfettered access to the Social Security Treasury.. and unlimited plunder.

    Administration unveils financial system overhaul

    By MARTIN CRUTSINGER, AP Economics Writer Martin Crutsinger, Ap Economics Writer – 2 mins ago

    WASHINGTON – The Obama administration on Thursday unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds .

    Treasury Secretary Timothy Geithner told lawmakers that the changes are needed to fix the flaws exposed by the current financial crisis, the worst to hit the country in seven decades.

    The goal is to repair a system that has proven “too unstable and fragile,” he said.

    “Over the past 18 months, we have faced the most severe global financial crisis in generations,” Geithner said in testimony to the House Financial Services Committee. “To address this will require comprehensive reform. Not modest repairs at the margin, but new rules of the game.”

    The administration’s proposal, which will require congressional approval, would represent a major expansion of federal authority over the financial system. It would impose tougher standards on financial institutions judged to be so big that their failure would represent a risk to the entire system .

    It also would extend federal regulations for the first time to all trading in financial derivatives, exotic financial instruments such as credit default swaps that were blamed for much of the damage in the meltdown.

    The administration also wants larger hedge funds to be required to register with the Securities and Exchange Commission.

    In addition, the administration proposed the creation of a systemic risk regulator to monitor the biggest institutions. Geithner did not designate where such authority should reside, but the administration is expected to support awarding this power to the Federal Reserve.

    The plan also includes a measure that Geithner and Fed Chairman Ben Bernanke discussed before the committee on Tuesday to give the administration expanded powers to take over major nonbank financial institutions, such as insurance companies and hedge funds that were teetering on the brink of collapse.

    That power was aimed at preventing a repeat of the problems surrounding insurance giant American International Group Inc., which sparked a furor last week when it was revealed the company had distributed $165 million in bonuses to employees of its financial products group. The unit specialized in trading credit default swaps, the instruments that drove the company to near-collapse last fall.

    “Let me be clear,” Geithner told the committee. “The days when a major insurance company could bet the house on credit default swaps with no one watching and no credible backing to protect the company or taxpayers must end.”

    The administration, pushing for quick action on its reform agenda, sent Congress a 61-page bill dealing with the expanded powers to seize control of nonbank institutions late Wednesday.

    The House committee, chaired by Rep. Barney Frank, D-Mass., has indicated it could move on the measure as early as next week.

    Frank said the overhaul should ensure the government has more options and can avoid repeating the unattractive choices it faced last fall of letting Lehman Brothers fail, which sent a shock wave to the entire financial system, and propping up AIG with billions of dollars.

    “We are looking for an alternative method to avoid those polar extremes,” he said.

    While many Democratic lawmakers expressed support for Geithner’s proposals, Republicans questioned whether the overhaul would give federal regulators too much power.

    Geithner on Thursday provided only a broad outline of the other proposals. Many thorny details will need to be worked out.

    Administration officials promised that the remaining issues would be hammered out in consultation with Congress with the goal of getting legislation approved as quickly as possible.

    The administration wants hedge funds and other private pools of capital, including private equity funds and venture capital funds, to be required to register with the SEC if their assets exceed a certain size. The threshold amount has yet to be determined.

    The proposal on credit default swaps and other derivatives would require the markets on which they are traded to be regulated for the first time, and for the buying and selling of these instruments to be conducted in ways that will foster greater oversight.

    Credit default swaps, which trade in a $60 trillion global market without government oversight, are contracts to insure against the default of financial instruments like bonds and corporate debt. They played a prominent role in the credit crisis that brought the downfall of investment banking giant Lehman Brothers Holdings Inc. last fall and nearly unraveled AIG, forcing the government to provide more than $180 billion in support.

    Hedge funds, vast pools of capital holding an estimated $1.5 trillion in assets, operate mostly outside of government supervision. As the market crisis deepened last fall, hedge fund selling was widely cited as one of the reasons for increased volatility that pounded stocks and bonds. Hedge funds also suffered huge losses last year, notably from investments in securities tied to subprime mortgages.

    The outline of the regulatory reform was unveiled a week before President Barack Obama is scheduled to meet for discussions among the Group of 20 major industrialized and developing countries in London to assess what needs to be done to deal with the global financial crisis.

    While the administration is pushing other nations to follow the U.S. lead in putting together sizable economic stimulus programs to jump-start global growth, many in Europe are resisting those calls and arguing that the U.S. needs to do more to toughen financial regulations. They believe the current troubles can be traced to lax regulation in the U.S. over such key areas as hedge funds and credit default swaps.

    Requiring hedge funds to register would open their books to inspection by regulators. The SEC sought that authority several years ago but was stymied by a federal appeals court in 2006.

    Hedge funds have grown explosively in recent years while operating secretively. They have lured an increasing number of ordinary investors, pension funds and university endowments — meaning millions of people now unwittingly invest in hedge funds indirectly.

    http://news.yahoo.com/s/ap/20090326/ap_on_go_ca_st_pe/financial_regulation

  153. wbboei Says:
    March 26th, 2009 at 11:49 am

    Remeber someone (Frank?) tried to investigate what the banks were doing with the money and Obama blocked that (citing “Paperwork Act”!!).
    ————————
    Where is that one now?

    ===================

    Do you mean you want me to look up the story? It must have been Barney Frank, as the other one (Franken?) isn’t in yet, sfaik. It was Nov or Dec iirc.

  154. Someone needs to pin him down but without his teletubby present.
    ————————–
    Isnt that really the bottom line to all this Jan? If all big media is there for is to repeat the talking points of Obama then what good are they. If he spends an hour answering only thirteen questions with the economic fate of the country hanging in the balance, why should one of those 13 questions be about his race. If big media is to be anything more than an amen corner–in which case they are duplicative, unnecessary and have no raison d etre–reason to exist they need to do more of what ed henry, chip reid and major garret tried to do and that is cut through all the Ann Compton bullshit to the how and the why of what he is proposing. What we are seeing here is a major restructuring of our economy which will produce a new set of winners and losers. At a minimum the American People are entitiled to specific answers to searching questions. If we get on a train we are entitled to know where it is going so we do not end up in some undisclosed location in the desert with no water/

  155. wbboei Says:

    March 26th, 2009 at 12:22 pm

    ———————————–

    Well said. At worst he could recite more gallow’s humor. At best…hmmm…there is no “best” with this guy. America should just admit it’s mistake and kick the idiot out.

  156. Do you mean you want me to look up the story? It must have been Barney Frank, as the other one (Franken?) isn’t in yet, sfaik. It was Nov or Dec iirc
    —————————–
    If we are interested in following up with Public Citizen then somebody need to do this. If indeed it was Frank, and I suspect it was, partly to get the monkey off his own back, when he got rebuffed by the Administration with this positively ludicrous response, did he pursue the matter further or did he take no for an anwer and resort to demogoging against Wall Street, hoping the public would forget the key role he played in the overall collapse?

  157. # wbboei Says:
    March 26th, 2009 at 11:43 am

    Mrs. Smith, I think he is a controlled robot, but I am not at all sure he knows what he is doing. He knows what he is trying to do, but that is different. If someone with a strong backgound in economics cross examined him about his plan, and pinned him down on his answers the way big media never does, I am certain his knowledge of the subject does not extend very far past the talking points. What they say about politicians in general is doubly true about him–a mile wide and six inches deep. In his case it would be a centimeter. That is why he avoids answering questions and launches into dissertations on the irrelevant. It was so obvious that a five year old could spot it unless he or she was mainlining on the bots drug of choice-hopium, which dulls the mind and overwhelms the common sense faculties such as they are.

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    Obama’s expertise is not in Leading but in Cheating and getting away with it. Obama has the concept down, thats all he needs to know. He is shrewder than any businessman I’ve ever heard of or known because he has their protection…Obama can basically get away with anything because of the support and backing of a government gone rouge Chicago style.

    Rob the Middle Class – enrich the Rich and break the system while appearing to be fixing it. We are dealing with Chicago corruption in all it’s refinements. This isn’t your everyday common thievery of simple embezzlement, fraud, check kiting, special loans to undeserving Congressman getting a break on their interest rate.

    Obama is the cover for a Grand Scheme of Grand Theft done “legally”… and as you’ve been saying all along, the Social Security Treasury is the last bastion of money the government has left tantalizing their palates for the last 10 yrs. For this magnitude of Grand Theft, Obama needs the FULL cooperation of Congress for pounding the last nail into the hearts of what is left of next layer of the Middle Class giving the thieves full reign to rifle the SS Treasury bare….

    And when that happens gird your loins because all Hell will Break Loose!

  158. By the way, I am not anti Barney Frank. I have the highest regard for his sister, Ann Lewis. But there has to be real accountability here and our represntatives must be held accountable when they fail as he most certainly did. I feel the same way about Chris Cox, who I have promoted heavily in the past, but there is no getting around the fact that the thing failed on his watch and whistle blowers were not listened to or heeded. This is where he rubber meets the road. Given the magnitude of this crisis and its impact on the world–both of them should be held responsible, and since barney is still in congress, he needs to be gone.

  159. Obama’s expertise is not in Leading but in Cheating and getting away with it.
    ———————————-
    True. But this time the thief will get caught. Every catburgler gets caught sooner or later.

  160. Wanted: One Executive, Experience Required

    By Richard L. Connor, CQ Guest Columnist

    As the momentum built with Barack Obama ’s presidential campaign and the scent of victory was in the air, I began to worry about his lack of executive experience.

    Bill Clinton and George W. Bush had been governors and made executive decisions. Obama had been an elected legislator.

    I was worried because I’ve been an executive making hiring and firing decisions over most of my 40-year career — and it takes time to learn the basics. Obama’s first nine weeks in office have done nothing to assuage my fears. Rather, they have been heightened. Nothing in Obama’s background indicates that he has made enough personnel decisions or worked for someone who has made those types of decisions and from whom he could learn by observation.

    Learning executive skills takes time. It takes trial and error. Unfortunately for Obama and the country, this is no time for a rookie to get on-the-job training. We have an economic crisis unlike anything most of us have ever witnessed. He continues to rely on his strong television persona, his charm, and his magnetic speaking ability to try to assure the country that everything’s going to be all right. But things are not all right. Credit has not been loosened, banks are still not loaning money — especially to small businesses — and factories close by the day.

    Good executives need to be tough and often they are called on to make difficult and unpopular decisions. Obama blew his chance to stand out as an executive when he joined members of Congress such as Rep. Barney Frank , D-Mass., expressing outrage over the $165 million bonus payments made to employees of American International Group Inc. while at the same time, asking the public and elected officials to calm down. Public furor over the bonuses was inflamed to the point where AIG employees were concerned for their and their families’ safety. Outrage should have been aimed at the executives who made the decisions on the size of the bonuses and at the government officials who should have made certain there was oversight on the using the estimated $182 billion bailout sent to AIG. There was none. Obama could have tried to quickly stop the movement in Congress that led to House passage of a bill calling for a 90 percent tax on the bonuses.

    Obama is supposed to be a constitutional scholar. Surely, he knows a 90 per cent tax is unconstitutional — as he mentioned in his interview on “60 Minutes” — to say nothing of being unfair. It now appears that the House bill will wither in light of the Senate’s decision to slow-walk their version and wait until after the spring recess in April. But if it does not, Obama should veto it.

    In executive hiring, Obama has made several errors on his Cabinet appointments, most notably with the failed nominations of New Mexico Gov. Bill Richardson , former Sen. Tom Daschle, Sen. Judd Gregg , and with his successful one of Treasury Secretary Timothy F. Geithner. Arguably, Geithner has the most difficult job in Washington next to Obama’s these days but if he does not begin to instill nationwide confidence in his skills, then Obama will need to fire him. Hiring mistakes by an executive are common. Not fixing them quickly comes from lack of experience and can be fatal to an organization.

    Obama also has made an enormous mistake regarding our relationship with Mexico. He signed the $410 billion omnibus bill that broke a promise with Mexico to allow a small number of trucks — 97 — to travel from Mexico into the United States. Mexico retaliated by imposing tariffs that some reports indicate will have negative impact on almost $2.5 billion of trade in this country. Able executives admit mistakes and reverse decisions. Obama needs to offer an olive branch to Mexico for this faux pas.

    This week, Barron’s listed its 30 most respected CEOs. Here is what it said about its criteria: “To make the grade, CEOs need to have been on the job for at least three years and we prefer those with at least five years experience. It takes time to affect corporate cultures and establish a reputation in the investment community.” Unfortunately for Obama, the country has neither three nor five years for him to begin showing executive leadership. He needs to do it now.

    cqpolitics.com/wmspage.cfm?docID=news-000003084953

  161. Bill Clinton’s prescriptions for high drug costs

    Clinton is right. Corporate welfare is not helping America; it’s only helping Big Pharma’s shareholders. We need to alter our course — and do it now. Americans pay $66 billion a year more for medicine..

    DR SANJAY Gupta recently sat in for Larry King and had former US President Bill Clinton as his guest. Clinton had some interesting things to say about the problem of high drug costs — driving home the point that our current system of corporate welfare for Big Pharma just isn’t working.

    Here are some excerpts of Clinton’s remarks:

    Americans Pay More for Less: The McKenzie Study done a couple of years ago said that Americans pay $66 billion a year more for medicine and our older population consumes relatively less per capita than other wealthy countries.

    Our Government Is Subsidising Big Pharma: We have made a bargain with our pharmaceutical companies. We’ve said to them for decades now, we love having you in America. We’re proud of you. We know you have to spend a lot of money on research and then you market the drugs and all. So we will support your research and development costs in American prices so that you can sell exactly the same drugs you sell to us for less money in Canada and Europe … Keep in mind, Europe has a lot of very successful drug companies and they don’t do this.

    This Subsidization Does Not Help Americans: So how can we reach a different arrangement so that we keep the drug companies healthy enough and we keep them developing new medicines? The system we’ve got is not working very well. They don’t have a lot of new medicines in the pipeline … Meanwhile, we keep subsidising all these costs and countries just as wealthy as we are, are getting the same drugs made by the same people for less money, which is why there was so much opposition to allowing re-importation from Canada. The one good place to start is what President Obama has proposed, letting the federal government bargain (with pharmaceutical companies).

    Big Pharma’s Profits Have Been 3x Greater Than Wal-Mart’s: For most of the 1990s and the early part of this decade, they earned 18 per cent, which is a huge return. You know, Wal-Mart’s return is 5 or 6 per cent. And it is fascinating to see that at the same time … the number of new drugs in the pipeline seems to be slowing down. So we need to examine both how we can get the benefits of medical advances and how we can lower the cost to the consumers.

    Clinton is right. Corporate welfare is not helping America; it’s only helping Big Pharma’s shareholders. We need to alter our course — and do it now.

    merinews.com/catFull.jsp?articleID=15760178

  162. wbboei Says:

    March 26th, 2009 at 11:31 am
    What do people think about the stock market? Dead cat bounce?
    ————————
    That is what the chief economist at Bank of America is saying. The fundamentals are not there. My guess is it may be sustainable through the G-20 and for a period of time thereafter. But there will come a time when the wisdom of davidson, reese-mog, and dare I say it now Von Misces is proven right.

    ————————————————————————————————–

    Thank you. Even though housing has ticked up a bit, and there has been a slight increase in the order of certain materials, the job market keep shedding jobs and foreclosures continue. The stock market is very political and emotional.

  163. He may have gotten away with it before, but the g forces in play now will pull him off the high wire, and there will be no safety net below. We are only two months into his benighted presidency and despite all the hype he has gotten from the campaign he is just average. Watch the unemployment rate, the cost of living and the hard core indicators of distress. The electorate today is more influenced by how they feel than what they think.

  164. Thanks Jan H..

    I agree Wbboei. However, the apologists are already stating things like “they will like him, even if they disagree with his policies”. The comparisons to Reagan’s ( a guy I never liked) likeability supposedly amongst his strongest detractors is what they are now shoving down our throat to save face for both “the one” and those, like the MSM, who handed him the election.

  165. # wbboei Says:

    March 26th, 2009 at 12:36 pm

    Obama’s expertise is not in Leading but in Cheating and getting away with it.
    ———————————-

    True. But this time the thief will get caught. Every catburgler gets caught sooner or later.

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    I can only hope Obama will be exposed for the true villainous monster he is… and the harm he is capable of doing to the American people is brought out and made understood by the general public.

    When he auditioned for the World Bankers, he had to convince them he could pretend to be president and at the same time work on their plan to clean out the treasury and rid them of the Middle Class.

    After all, the Rich have no need for Social Security. They feel “the money” is better used for investing in businesses producing a return. We, the Middle Class, are seen as dead weight to their sensibilities.

  166. When it comes to feeling good there are two choices. Exercise or drugs. Both release chemical substances in the brain that produce relaxation, pleasure, etc. One is free, the other is not. One has is energizing, the other has a bad morning after. One builds health, the other destroys it. Tough choice.

  167. The choice is clear to a rational mind. To an addicted one it is not. That is why it is important to get them off the drugs. And life on the street is nasty, brutish and short. I have mentioned before that I live next door to a methadone clinic, and I see the same routine every morning. The get treatment at the facility, and then they walk three blocks to the starbucks shop. Along the way, some of them buy from the pusher. Sometimes, the cops just watch, and sometimes they send an undercover cop in to break it up. I see them at the starbucks shop, and talk to them. Some of them have young children who see the world as a wonderful fascinating place. The ones I have seen do a wonderful job raising these kids despite the bleak circumstances. If you have ever read the short story Maggie A Girl of The Street by Steven Crane, that is what many of them must deal with. I do not want to be flippant about any of this but to a rational mind there are just better ways to get high than drugs/

  168. wbboei,

    From

    h…../….w

    milbank.com/NR/rdonlyres/0A536E01-18C5-4CF4-8C86-01924C3D96FE/0/020309_SIGTARP_Client_Alert.pdf.

    or

    h……/

    209.85.173.132/search?q=cache:UAFSQMVFEZQJ:www.milbank.com/NR/rdonlyres/0A536E01-18C5-4CF4-8C86-01924C3D96FE/0/020309_SIGTARP_Client_Alert.pdf+”Barney+Frank”+investigate+banks+Obama+”paperwork+reduction+act”+-Dowd&cd=1&hl=en&ct=clnk&gl=us

    The Special Inspector General had hoped to send the letters “shortly,” but the requirements ofthe Paperwork Reduction Act has slowed that timetable considerably.Just last week, the White House Office of Management and Budget denied the SIGTARP’srequest to waive the PaperworkReduction Act’s provisions, and it could take up to three months for the required review to occur

    Much more detial and references there.

    h……/…..w’s

    google.com/search?hl=en&rlz=1C1GGLS_en-USUS299US303&q=”Barney+Frank”+investigate+banks+Obama+”paperwork+reduction+act”&btnG=Search

  169. Mrs. Smith Says: Your comment is awaiting moderation.
    March 26th, 2009 at 11:58 am

    Yes, wbboei…

    Hot off the presses and from your mouth to God’s ears Frank-enstein is supporting Geithners plan for heavy regulation and giving his personal recommendation for gaining Congressional approval. If they plugged all the loop holes they created over the years and regulated the Hedge Funds, there would be no need for an overhaul. Sounds to me, this little trick would give them unfettered access to the Social Security Treasury.. and unlimited plunder.

    Administration unveils financial system overhaul

    By MARTIN CRUTSINGER, AP Economics Writer Martin Crutsinger, Ap Economics Writer – 2 mins ago

    WASHINGTON – The Obama administration on Thursday unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds .

    Treasury Secretary Timothy Geithner told lawmakers that the changes are needed to fix the flaws exposed by the current financial crisis, the worst to hit the country in seven decades.

    The goal is to repair a system that has proven “too unstable and fragile,” he said.

    “Over the past 18 months, we have faced the most severe global financial crisis in generations,” Geithner said in testimony to the House Financial Services Committee. “To address this will require comprehensive reform. Not modest repairs at the margin, but new rules of the game.”

    The administration’s proposal, which will require congressional approval, would represent a major expansion of federal authority over the financial system. It would impose tougher standards on financial institutions judged to be so big that their failure would represent a risk to the entire system .

    It also would extend federal regulations for the first time to all trading in financial derivatives, exotic financial instruments such as credit default swaps that were blamed for much of the damage in the meltdown.

    The administration also wants larger hedge funds to be required to register with the Securities and Exchange Commission.

    In addition, the administration proposed the creation of a systemic risk regulator to monitor the biggest institutions. Geithner did not designate where such authority should reside, but the administration is expected to support awarding this power to the Federal Reserve.

    The plan also includes a measure that Geithner and Fed Chairman Ben Bernanke discussed before the committee on Tuesday to give the administration expanded powers to take over major nonbank financial institutions, such as insurance companies and hedge funds that were teetering on the brink of collapse.

    That power was aimed at preventing a repeat of the problems surrounding insurance giant American International Group Inc., which sparked a furor last week when it was revealed the company had distributed $165 million in bonuses to employees of its financial products group. The unit specialized in trading credit default swaps, the instruments that drove the company to near-collapse last fall.

    “Let me be clear,” Geithner told the committee. “The days when a major insurance company could bet the house on credit default swaps with no one watching and no credible backing to protect the company or taxpayers must end.”

    The administration, pushing for quick action on its reform agenda, sent Congress a 61-page bill dealing with the expanded powers to seize control of nonbank institutions late Wednesday.

    The House committee, chaired by Rep. Barney Frank, D-Mass., has indicated it could move on the measure as early as next week.

    Frank said the overhaul should ensure the government has more options and can avoid repeating the unattractive choices it faced last fall of letting Lehman Brothers fail, which sent a shock wave to the entire financial system, and propping up AIG with billions of dollars.

    “We are looking for an alternative method to avoid those polar extremes,” he said.

    While many Democratic lawmakers expressed support for Geithner’s proposals, Republicans questioned whether the overhaul would give federal regulators too much power.

    Geithner on Thursday provided only a broad outline of the other proposals. Many thorny details will need to be worked out.

    Administration officials promised that the remaining issues would be hammered out in consultation with Congress with the goal of getting legislation approved as quickly as possible.

    The administration wants hedge funds and other private pools of capital, including private equity funds and venture capital funds, to be required to register with the SEC if their assets exceed a certain size. The threshold amount has yet to be determined.

    The proposal on credit default swaps and other derivatives would require the markets on which they are traded to be regulated for the first time, and for the buying and selling of these instruments to be conducted in ways that will foster greater oversight.

    Credit default swaps, which trade in a $60 trillion global market without government oversight, are contracts to insure against the default of financial instruments like bonds and corporate debt. They played a prominent role in the credit crisis that brought the downfall of investment banking giant Lehman Brothers Holdings Inc. last fall and nearly unraveled AIG, forcing the government to provide more than $180 billion in support.

    Hedge funds, vast pools of capital holding an estimated $1.5 trillion in assets, operate mostly outside of government supervision. As the market crisis deepened last fall, hedge fund selling was widely cited as one of the reasons for increased volatility that pounded stocks and bonds. Hedge funds also suffered huge losses last year, notably from investments in securities tied to subprime mortgages.

    The outline of the regulatory reform was unveiled a week before President Barack Obama is scheduled to meet for discussions among the Group of 20 major industrialized and developing countries in London to assess what needs to be done to deal with the global financial crisis.

    While the administration is pushing other nations to follow the U.S. lead in putting together sizable economic stimulus programs to jump-start global growth, many in Europe are resisting those calls and arguing that the U.S. needs to do more to toughen financial regulations. They believe the current troubles can be traced to lax regulation in the U.S. over such key areas as hedge funds and credit default swaps.

    Requiring hedge funds to register would open their books to inspection by regulators. The SEC sought that authority several years ago but was stymied by a federal appeals court in 2006.

    Hedge funds have grown explosively in recent years while operating secretively. They have lured an increasing number of ordinary investors, pension funds and university endowments — meaning millions of people now unwittingly invest in hedge funds indirectly.

  170. paycuts and temp layoffs at NYT!!!!!!

    What great news…

    I hope it is for those slease bags…dodo, brooks…those media Obama whores/pimps etc!!!!!

  171. I agree Wbboei. However, the apologists are already stating things like “they will like him, even if they disagree with his policies”. The comparisons to Reagan’s ( a guy I never liked) likeability supposedly amongst his strongest detractors is what they are now shoving down our throat to save face for both “the one” and those, like the MSM, who handed him the election.
    ——————————
    Yes, that is what they say alright. And to that I generally say this:

    I know you like him. Many other people do as well. That is fine. But as you know he is not a saint but merely a politician. Some of his supporters (not you of course) get lost in the hype—right? We are open minded–unlike the Reagan worshippers who cannot see the forest for the trees. Right?

    Well then, to be perfectly honest, I have some concerns : first, he has abandoned too many liberal positions; second the positions he has subsequently adopted are bush redux (examples) ; third, I am deeply concerned about his close relationship to Wall Street (examples). I worry that what we see is not what we will get.

    The job he has got is not an easy one. We have more problems than ever before. But to my mind, two of them are paramount: the economy and our security.

    I could be wrong of course, but I am highly skeptical of his bailout and stimulus strategies. More important some Noble Prize winning economists are skeptical too. Give me your email and I will send you the Krugman article.

    I am not telling you what to think. I am merely suggesting that you consider the full picture here and what it means to our future. I know you are fair minded and will do that. Call me after you have read the Krugman article. I would be interested in your reaction.
    ————————–
    Note: I try to do all this when there is someone else around who is persuadable because it changes the dynamic, the same way it does in a courtroom. Even if I do not change the mind of the bot their irrational or intemperate response I receive becomes a foil to persuade the other party.

    Perhaps you have found a better way to do it counselor. Obviously, the above needs to be condensed and if the conversation is going anywhere there will be some give and take.

  172. paycuts and temp layoffs at NYT!!!!!!

    What great news…

    I hope it is for those slease bags…dodo, brooks…those media Obama whores/pimps etc!!!!!
    ———————–

    So long sad times
    Go long bad times
    We are rid of modo at last

    Howdy gay times
    Cloudy gray times
    You are now a thing of the past

    Happy days are here again
    The skies above are clear again
    So let’s sing a song of cheer again
    Happy days are here again

    Altogether shout it now
    There’s no one
    Who can doubt it now
    So let’s tell the world about it now
    Happy days are here again

    Your cares and troubles are gone
    There’ll be no more from now on
    From now on …

    Happy days are here again
    The skies above are clear again
    So, Let’s sing a song of cheer again

    Happy times
    Happy nights
    Happy days
    Are here again!
    Bye bye NYT!!!!

  173. mp Says:

    March 26th, 2009 at 2:14 pm

    paycuts and temp layoffs at NYT!!!!!!

    ———————————

    Well…I sure hope they aren’t waiting for obama to fly in with his cape and save the day. It will be a long time coming!

  174. NYT is a snakepit. Cut off the tail and it grows back. Cut off the head and the solution is at hand. The question is who got laid off.

    The word temporary bothers me. It may be nothing more than an attempt to inflate the value of the business in preparation for its sale to the Mexican telecon mogel who wants to buy it and is probably still negotiating with them to that end.

    As for paycuts–I would be content to pay people like Modo and Brooks and Collins what they are worth–which is zero.

  175. The only legitimate role for the media is that of a skeptic. If they become instead a fan then they are a redundancy–and should be eliminated from the economic model because they do not create value–and are simply a middleman. The press secretary can handle that piece–maybe not fumbling bumpling gibbs or silly billie burton the smartass chump but most of them can. I just know Linda Douglass is angling for that role at the behest of her hubby a dc lawyer who is looking for business.

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