The Corrupt Bow To The Corrupt

Update: We recall when Big Media outlet The New York Times attacked Bill Clinton for nodding his head. See update below.

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It’s not often that Americans actually see the corrupt bowing to the corrupt. This past week however, the bowing is out in the open.

Almost one year ago to the day (April 1, 2008), Wayne Barrett in the liberal The Nation magazine helped expose the corruption in the Democratic Party. Barrett courageously stood up and wrote the truth about DNC Chairman Howard Dean and the rest of the unDemocratic Party and the theft of the Democratic nomination. Barrett called Dean a “modern-day Metternich” and denounced the corruption of the primary process and votes.

This modern-day Metternich, whose two-fisted handling of this two-state controversy has already had more impact on the 2008 race than his candidacy did on the race in 2004, is promising to mediate the dispute once it’s already settled.

Dean/Brazile/Pelosi/Kennedy/Kerry succeeded in gifting the unDemocratic nomination to unqualified, race-baiting, gay-bashing, and woman hating, Barack Obama. Honorable Wayne Barrett, unlike the rest of Big Media has his hands clean.

The New York Times has dirty hands and the dirty mouth of Hillary hater Dick Morris confirms the dirty Times.

The truth about the primaries is oozing out. Wayne Barrett is still on the job exposing more corruption. Wayne Barrett is writing the truth again. The corrupt are bowing to the corrupt even as Barrett makes the corruption undeniable:

The governor of New York is having lunch today with a tax dodger who owes the state nearly a million dollars. The mayor is chowing down, too. Tomorrow the vice president will wrap his arms around the same celebrity cheat who stiffed the IRS for nearly $2 million.

David Paterson, Mike Bloomberg and Joe Biden are partying down with Al Sharpton this week at a three-day gala sponsored by the Rev’s National Action Network — the same organization that the Federal Election Commission found illegally subsidized his 2004 presidential campaign committee.

In addition to the federal and state tax liens on Sharpton, the FEC has imposed another half million dollars in penalties on him. His campaign was already forced by the FEC to repay another $100,000 in matching funds he improperly took from the commission.

Barrett details the reasons for the half million dollars in penalties and the federal and state tax liens. Barrett also notes that

Sharpton spent much of this at luxury hotels at up to $4000 a night, ostensible-mistress-in-tow, turning his presidential gambit into a whirlwind countrywide tour with the then executive director of NAN. The director, who has since departed and is quoted in the FEC report, wound up with a Mercedes, a Caddy, a $7000 Rolex, mink coats, David Yurman jewels and a Trump apartment. The largess of 2004 might be some indication of how Sharpton and the current NAN gang will spend the pot of gold he collects at this event.

Wayne Barrett also does the almost unheard of and exposes the Big Media corruption (by name!) which enables the corrupt and the corruption to exist:

You would think the press would be all over a scandal like the so-called conference taking place at the Sheraton New York. And they are: many of them are sitting on media panels and joining in the celebration of the so-called civil rights activist who’s been living at the Helmsley Carlton on Madison Avenue for years.

Daily News owner Mort Zuckerman is moderating one panel, and media giants like ABC’s Robin Roberts and Larry King are part of the hoopla. Even real journalists like the News’ Errol Louis are lending legitimacy to this fraud.

Another News columnist, Juan Gonzalez, examined this week the peculiar alliance between Sharpton and NYC Schools Chancellor Joel Klein, revealing a half-million-dollar donation to NAN from a hedge fund tied to a former chancellor. The big check was funneled through a pro-Bloomberg nonprofit. Klein and a top aide will appear on Sharpton panels so skewed in favor of the Bloomberg school reforms that minority critics have just about been locked out.

The black mayoral candidate and longtime Sharpton friend, Comptroller Bill Thompson, doesn’t even appear on the agenda. Bloomberg’s apparent champion for the Independence Party line, old Sharpton ally Lenora Fulani, is also a panelist.

Anti-semite Lenora Fulani and Carolyn Kennedy enabler Joel Klein – Fulani will doubtless get millions and Klein will funnel millions. Little wonder that with Joel Klein involved Carolyn Kennedy received such great treatment from Sharpton when she tried to finagle herself a U.S. Senate seat with the help of Obama gifter uncle Ted Kennedy.

Perhaps someday Sharpton will pay, or someone will ask him this week when he will pay the $884,669 state tax lien against him.

* * * * *

In May of 2007 Queen Elizabeth visited the United States. Back in 2007 Big Media was outraged when Americans bowed before a foreign monarch:

In Richmond’s Capitol Square and along the streets of Colonial Williamsburg, Americans wearing Burger King crowns greeted the visiting British monarch. Women who had lined up hours in advance sported tiaras. Gracious hospitality, all in good fun.

But look closer:

Virginia Gov. Tim Kaine gave state workers a day off to celebrate Queen Elizabeth’s visit. Cost to the taxpayers: about $11 million, in a state where legislators this year rejected raising the minimum wage, which has not changed in a decade. [snip]

And get this: Inside the Virginia Capitol — a building designed by the American revolutionary Thomas Jefferson — the majority leader of the House of Delegates, Morgan Griffith, paused before ushering the queen into the House chamber and then bowed his head.

The hype and hoopla over the royal visit has driven too many of us to forget who we are.

“We are Elizabeth’s subjects and she our monarch for a day,” editorialized the Virginian-Pilot newspaper.

No. We are no one’s subjects. We do not bow to kings and queens. When we forget this, we sully ourselves.

Bowing and scraping Tim Kaine is now the Dimocratic Party leader. Tim Kaine bowed and scraped before a foreign monarch and Barack Obama. Americans used to be made of sterner stuff.

In our country, all men are created equal. “Exalting one man so greatly above the rest cannot be justified on the equal rights of nature,” Thomas Paine wrote in “Common Sense,” the 46-page tract that called on colonial Americans to revolt.

Our revolution was not against King George III so much as the concept of the monarch, the notion that power and status are inherited from one generation to the next. Paine called this idea “unwise, unjust, unnatural — an insult and an imposition on posterity.” [snip]

Today, as we enter the eighth consecutive presidential campaign involving a Clinton or a Bush on the ticket — a span of 28 years — it is sad to see Americans bowing and curtsying to a monarch, a descendant of the very king against whom we fought a revolution.

Back when that Big Media article was written the author could not restrain himself from attacks on Hillary Clinton and the “dynasty” issue, which never made any sense to anyone with any sense (we debunked the nonsense on May 9, 2007, a few days after the above article was written).

Back in 2007 Big Media denounced Americans who bowed before a foreign monarch, even if that monarch came from an ally nation.

“The people who wrote the American Constitution were the most radical people on the planet,” says Craig Nelson, author of “Thomas Paine: Enlightenment, Revolution, and the Birth of Modern Nations,” a biography of the most important anti-monarchist of the Revolution. “Paine was trying to undo people’s loyalty to the crown. Today, most Americans are taught that King George was a mean guy, not that ours was a revolution against monarchy and inherited aristocracy.”

Both left and right in this country have embraced the symbol of Tom Paine. His stirring assertion of the value of ordinary people — “one honest man,” he wrote, is of more worth “than all the crowned ruffians that ever lived” — remains at the heart of our self-image as Americans.

But in a society increasingly divided by money and access to power, in a country that places more value in stability than in Jefferson’s belief that “a little rebellion now and then is a good thing,” the visit of a queen becomes one more chance to celebrate celebrity.

In Britain, our attitude toward the royal visit strikes many as odd. The Guardian newspaper, wondering how the queen got “so hot stateside,” blames it on ” ‘The Queen’ Effect,” actress Helen Mirren’s sympathetic portrayal of Elizabeth in last year’s movie. “America now believes that the Queen is a graceful, complex, dignified but still very human monarch with an admirable devotion to family and duty, instead of a little old lady who likes horses and never says anything much,” writes Tim Dowling.

“The idea that anybody should bow to anybody is beyond me,” says Graham Smith, campaign manager for Republic, a British political group that pushes to replace the monarchy with an elected head of state. “Americans wouldn’t bow to George Bush. But they think that’s what people do over here.”

[Update: The New York Times attacks Bill Clinton:

“IF I see another king, I think I shall bite him,” Teddy Roosevelt once growled. Offered that opportunity with the Japanese equivalent last week, Bill Clinton turned out to have had quite something else in mind.

It wasn’t a bow, exactly. But Mr. Clinton came close. He inclined his head and shoulders forward, he pressed his hands together. It lasted no longer than a snapshot, but the image on the South Lawn was indelible: an obsequent President, and the Emperor of Japan.

Canadians still bow to England’s Queen; so do Australians. Americans shake hands. If not to stand eye-to-eye with royalty, what else were 1776 and all that about? [snip]

But the “thou need not bow” commandment from the State Department’s protocol office maintained a constancy of more than 200 years. Administration officials scurried to insist that the eager-to-please President had not really done the unthinkable.

“It was not a bow-bow, if you know what I mean,” said Ambassador Molly Raiser, the chief of protocol.

White House officials described Mr. Clinton’s tilt as something of an improvisation. Because Emperor Akihito broke with tradition in turn to raise his glass at the state dinner, some even said Mr. Clinton had managed something of a breakthrough.

Presidents don’t bow, and Emperors don’t toast,” one official said. “So this was a little bit like the cultures meeting each other halfway.”]

Back in 2007 Big Media attacked celebrity. Back in 2007 Big Media denounced those who bow and scrape before foreign monarchs. Back in 2007 Big Media laughed at fairy tales. Back in 2007 Big Media made a show of respecting Tom Paine. Back in 2007 Big Media on occasion denounced the Big Media “celebrity-crazed media companies”.

The American reverence for the queen, he says, is nothing more than “untainted celebrity worship,” a quest for a fairy tale to believe in.

It is a dangerous fairy tale, fomented by celebrity-crazed media companies (700 news credentials were issued for the queen’s visit) and accepted all too readily by people who should know better. Let the queen play at the Kentucky Derby; the rest of us should read Tom Paine.

No longer. Now bowing before the most corrupt of foreign monarchs is ignored because the bowing and scraping is done by a Big Media tool and celebrity who was gifted the unDemocratic nomination by corrupt elements.

Yesterday, Barack Obama bowed deeply and respectfully before one of the most corrupt monarchs in the world. Big Media and PINO Big Blogs did not take notice of the Obama bow and scrape before the corrupt monarch.

Big Media and PINO Big Blogs did not take notice of corrupt Obama bowing and scraping before the corrupt monarch because silence was their own corrupt bow to the corrupt.

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164 thoughts on “The Corrupt Bow To The Corrupt

  1. Here’s Robinson’s question:

    UK Guardian: The question that flummoxed the great orator

    Nick Robinson: “A question for you both, if I may. The prime minister has repeatedly blamed the United States of America for causing this crisis. France and Germany both blame Britain and America for causing this crisis. Who is right? And isn’t the debate about that at the heart of the debate about what to do now?”

    If denied his teleprompter, Obama’s staff could have made him memorize an answer to such a question, which was sure to turn up.

    Maybe they did, and this was his best attempt to remember it.

  2. how has the “saudi-bow” escape the likes of limbaugh, hannity and o’reilly? does BO own them too?

  3. God, he cannot even get political protocal right. How do they sleep at night. I guess the answer is, the Kool aid keeps them awake.

    turndownobama-com

    When an insecure person is faced with blame and admitting the truth, they either lie and say it is not them, look for someone to share the blame with, or put the blame totally on someone else.

  4. Admin,

    When you put all the evidence into an article such as this latest one, I don’t know whether I want to cry and the injustices that occurred or tar and feather the criminals involved.

    And it just seems to get worse and worse. What the heck happened to the Democratic Party? How on earth do they sleep at night?

  5. just my comments from the previous article about Hillary’s “gaffes”:

    All I am syaing is that she needs to be FULL allert about these things…somebody IS trying to damager her!!!! Remember she trusted Patty Solis-doyle and where she ended up with situation?

    So if it was a WH aide who gave out the incorrect phone number, SHE NEEDS TO KNOW WHO IT WAS AND MAKE IT PUBLIC!!!!!!

    And she should deal with whoever was her russian language expert about that other gaffe.

    SHE CANNOT REMAIN SILENT ON THESE THINGS ANYMORE!!!!! and then appear upset etc etc…

  6. mp,

    You are right that Hillary needs to watch out for herself. I believe though that when she took the SOS job it was on condition that she could pick and choose her closest employees. I’m sure Hillary isn’t taking any of this lying down. I have a feeling that the White House heard plenty about this recent garbage that happened.

  7. mp,

    The reports I saw (European news media iirc, serious storoies about the meetings) said that she did not appear upset about the box, just made a joke of it.

    I haven’t heard of her saying anything about the sex phone line. (A Daily lMail caption said she apologoized, but there was nothing in the story to support that.)

    Of course she should find a better translator.

  8. Barack Obama rejects Normandy trip to avoid offending Germany

    Barack Obama, concerned about offending Britain and Germany, rebuffed strenuous attempts by President Nicolas Sarkozy of France to persuade the new American president to make a trip to Normandy this week.

    By Toby Harnden, US Editor, and Henry Samuel in Paris
    02 Apr 2009

    White House officials travelled to France at the start of March to discuss a visit by Mr Obama to Omaha Beach, the site of the American Cemetery, established in 1944 just after D-Day and where 9,387 American personnel are buried. Among them is Theodore Roosevelt Jr the eldest son of the 26th US President.

    French officials and senior American military officers walked with White House staff through the cemetery discussing how the two presidents might follow the same route. But even before their trip, the White House had decided that Mr Obama would not travel there this week.

    “It wasn’t going to happen,” said an American official in Washington. “We went through the motions to placate President Sarkozy but giving special treatment to France was not on our agenda. “During this trip, we wanted to maintain a balance between the British, German and France”. A White House spokesman in London declined to comment. Last month, White House officials briefed that a Normandy visit had been considered but it had not been logistically possible.

    Mr Obama will arrive in Strasbourg on Friday for the Nato summit. He will hold a meeting with Mr Sarkozy and a brief press appearance in Strasbourg and then fly to Baden-Baden to do exactly the same with Chancellor Merkel of Germany. He will then fly to Prague on Saturday.

    Mr Sarkozy is said by French officials to be piqued that Gordon Brown became the first European leader to meet Mr Obama and was then lavished with praise by him at a 50-minute joint press conference in London on Wednesday. The French president tried unsuccessfully to meet Mr Obama before he was sworn in after the G20 summit in Washington last November, even stationing a French military plane on 24-hour standby nearby to whisk him to Chicago should the then US president-elect change his mind.

    He had also hoped Mr Obama would agree to a meeting before attending the G20 summit in London on April 3. The French had suggested that Mr Obama fly from London to Normandy on Friday morning for a stop before the Nato summit. Instead, he is going directly to Strasbourg.

    According to French reports, Mr Obama was to visit the Normandy American Cemetery and Memorial at Colleville-sur-mer, just north of Omaha Beach. The pair were apparently to have dined at the nearby chateau de Bénouville in Caen. The White House rejected the offer, but Mr Sarkozy’s most senior aide said Mr Obama had agreed to come back in June for the 65th anniversary of the June 6th 1944, D-Day landings. A White House spokesman declined to comment on whether Mr Obama would travel to France in June.

    “This will allow for a longer conversation and a more ambitious bilateral visit,” said Claude Gueant, the secretary general of the Elysée Palace, last week.
    He denied any strains and said the two held an hour-long videoconference, which the Elysée hyped up as a “mini-summit”, on the economic crisis.
    “Relations between the presidents are excellent and very productive,” he said. “Mr Sarkozy is not courting Mr Obama,” he said.

    telegraph.co.uk/news/worldnews/northamerica/usa/barackobama/5096803/Barack-Obama-rejects-Normandy-trip-to-avoid-offending-Germany.html

    ———————————–

    Well I’m offended.

  9. Turndown: here is what I am sending to media people I trust. We have got to get them thinking about this.

    Dear Judge-

    I know you have been covering the AIG mess and so have I. Here is something you my find interesting:

    I am very troubled by the bank bailout scheme devised by Mr. Obama. The cost of this program is astronomical in itself. The financial risks are imposed on an innocent party– the American People. And there is a level of nuance and evasion in the answers provided by Obama and his man Geithner which I find highly problematic. . . .

    Recently, I came across the attached article in Taipan which I believe sheds important light on the method behind this madness. More specifically, it answers a number of questions such as:

    1. Why does Obama embrace a program whereby banks win and taxpayers lose when the presidents lawful role is to represent all of the people, not just the plutocrats? (Note: this was the assessment of a number of people, most recently a Nobel Prize winning economist Joseph Stiglitz in a recent New York Times article.)

    2. Why does Obama promote such a program when there are alternatives which would be far less costly to taxpayers or as lucrative to major financial players? (Note: bankruptcy, nationalization, guarantees, etc. See interview with Hank Greenberg).

    3. Why does Obama limit the parties who can bid on this bid on these toxic assets to a few large firms only? (Note: according to a recent Wall Street Journal article).

    4. Why does Obama force healthy banks to accept TARP funds they do not want, on penalty of public audit, when the real problem is confined to five major US banks only? (Note: according to the article written by Fox legal analyst Judge Neopolitiano).

    5. Why does Obama block independent efforts to determine how taxpayer monies have been spent, horded or wasted by these firms? (Note: his lame excuse of the Paperwork Reduction Act).

    Each of these questions may have more than one answer, but the common answer to all of them could well be this: the true goal of Mr. Obama is to protect certain individuals–bondholders, and to advantage certain financial pools at grave cost to the American People. If that is in fact what is going on then honest journalists cannot look the other way, as NBC, MSNBC and to a certain extent CNN routinely do. The Wall Street reaction will be to defend this arrangement as the only way to stave off financial catastrophe. But is that really true???

  10. How terrible, 14 dead, and he made sure people could not escape. He was let go from IBM. I know people that live in that area.

  11. NMF,

    Thanks for updating us. Such a terrible tragedy. My thoughts and prayers go out to all involved and their families.

  12. JanH said:

    telegraph.co.uk/news/worldnews/northamerica/usa/barackobama/5096803/Barack-Obama-rejects-Normandy-trip-to-avoid-offending-Germany.html

    ———————————–

    Well I’m offended.

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

    LOL.

    What a crazy story. I thought the Telegraph had better credibililty than that.

    “It wasn’t going to happen,” said an American official in Washington. “We went through the motions to placate President Sarkozy but giving special treatment to France was not on our agenda. “During this trip, we wanted to maintain a balance between the British, German and France”. A White House spokesman in London declined to comment.

    Would this be the same “American oficial lin Washington” who furiously told some Brit paper that there was no “special relationship” between the US and UK?

    I should think the London spokesman would decline to comment!

  13. Oh, and is this the President Sarkozy that Obama tried to write a letter to about a visit but sent it to ex-Presdient Chirac instead?

  14. Yes, admin. BO bowing to the Saudi king mirrors the media’s bow to corruption.

    It is sickening.

    And, continuing on my theme of women’s oppression under Islam and my complete disgust that an American prez would pay lip service to regimes ruled by men who believe women are property, check this clip of a 17 year old Pakistani girl flogged because of accusations of infidelity.
    http://www.timesonline.co.uk/tol/news/world/asia/article6022878.ece

  15. Yes, admin. BO bowing to the Saudi king mirrors the media’s bow to corruption.
    It is sickening.

    And, continuing on my theme of women’s oppression under Islam and my complete disgust that an American prez would pay lip service to regimes ruled by men who believe women are property, check this clip of a 17 year old Pakistani girl flogged because of accusations of infidelity.
    www dot timesonline dot co dot uk slash tol slash news slash world slash asia slash article6022878 dot ece

  16. I just want to note that it is a breach of protocol for any American to bow to royalty. Americans do not kow tow – it is why we fought the revolution. The Obamas know this, of course. We have an entire protocol office that briefs lawmakers before visiting other nations to avoid setting off international scandals. So the fact that Obama bowed means that he is sending a very specific message to these people. At the very least, the message is that the president of the United States – the leader of the free world – is willing to breach the protocol of his nation to flatter the ego of monarchs. Very curious.

    There was a mini-scandal when Nancy Reagan curtsied to the queen. I wonder if that outrage will re-appear.

  17. The Audacity of Inexperience. Obama got rolled big time by the Europeans and he went down hard. But you would never know it from NYT, USA TODAY, NBC, MSNBC, CNN . . .

    Apparently he agreed to a communique which effectively surrenders a big part of American sovereigty to an international body in the area of business activity. He was blindsided by it and broke down like a cheap watch. A very cheap watch, Massaobama. It appears that the whole issue of corporate governance previously reserved to the SEC and Sarbanes Oxley has been transferred to a body of international bankers in which we have 40% but only one vote.

    Believe me this is a megalpolitical blunder. He says he did okay over there. If he believes that then he is certificable. Obama, Obama, O-ba-ma—a destroyer of worlds. And an idiot.

    See posting above.

  18. wbboei Says:
    April 3rd, 2009 at 6:08 pm

    Turndown: here is what I am sending to media people I trust. We have got to get them thinking about this.

    ===========

    As usual I would say drop the whole intro and start with the meat. I”m not suggesting cutting the wordage of your numbered items, I’m just too lazy to retype them.

    Maybe something like:

    Cui bono? Follow the bonds.

    According to Justice Litle,
    “[E]verything this administration has done, every last damn thing, has been favorable to one of Wall Street’s most entrenched interest groups: the bondholders.”

    The attached article by Litle answers a number of questions, e.g.:

    1. why force healthy banks to take TARP
    2. why limit bidding to large co’s
    3. why block investigation by Paperwork Act
    4. why disregard alternatives (currently your 2)

    Your current 1 seems opinion and nothing new except the Nobel prize winners. Could they be moved to “disregard alternatives” plus some mention of specific alternatives?

    Your closing summary sounds fine.

    I”m not suggesting cutting the wordage of your numbered items, I’m just too lazy to retype them.

    Btw I’m going to mirror this at the Boojum entry

  19. basil, that video is horrifying. But Obama thinks these are “moderates” that we ought to get cozy with.

  20. Jan,

    I loved your post about the visit to France! I visited the site,
    telegraph.co.uk/news/worldnews/northamerica/usa/barackobama/5096803/Barack-Obama-rejects-Normandy-trip-to-avoid-offending-Germany.html

    and your paste appears accurate.

    Was I clumsy in expressing incredulity that even Obama’s staff could be dumb enough to say something like that OUT LOUD? I confess my first thought was that some paper had made it up or exaggerated it.

    My apologies to the Telegraph, you, and anyone else in range….

  21. Basement Angel, the article has been updated with this Obama double standard example:

    [Update: The New York Times attacks Bill Clinton:

    “IF I see another king, I think I shall bite him,” Teddy Roosevelt once growled. Offered that opportunity with the Japanese equivalent last week, Bill Clinton turned out to have had quite something else in mind.

    It wasn’t a bow, exactly. But Mr. Clinton came close. He inclined his head and shoulders forward, he pressed his hands together. It lasted no longer than a snapshot, but the image on the South Lawn was indelible: an obsequent President, and the Emperor of Japan.

    Canadians still bow to England’s Queen; so do Australians. Americans shake hands. If not to stand eye-to-eye with royalty, what else were 1776 and all that about? [snip]

    But the “thou need not bow” commandment from the State Department’s protocol office maintained a constancy of more than 200 years. Administration officials scurried to insist that the eager-to-please President had not really done the unthinkable.

    “It was not a bow-bow, if you know what I mean,” said Ambassador Molly Raiser, the chief of protocol.

    White House officials described Mr. Clinton’s tilt as something of an improvisation. Because Emperor Akihito broke with tradition in turn to raise his glass at the state dinner, some even said Mr. Clinton had managed something of a breakthrough.

    Presidents don’t bow, and Emperors don’t toast,” one official said. “So this was a little bit like the cultures meeting each other halfway.”]

  22. Turndown; great edits, but I got trigger happy and sent it already. Sorry. 5 key media people I sent it to.

  23. Turndown,

    I think I’m just being overly sensitive after a very bad week.

    Thanks for clearing up your comments for me.

  24. The three little monkies, who see no evil, hear no evil and speak no evil when it comes to bambi in their always worshipful non journalistic ways.

    Monkey 1: NBC/MSNBC/CNN

    Monkey 2: NYT/WashPo

    Monkey 3: Politico, HuffPo, etc

  25. Jan–It was a bad week for the country as well. Bambi just surrendered a big chunk of our sovereignty inadvertently.

  26. H4T,

    Agreed.

    Basement Angel,

    That’s what I think, too.
    “So the fact that Obama bowed means that he is sending a very specific message to these people.”

  27. wbboei,

    My eyes just about bugged out when I read what he did. What the heck is wrong with him? And how much damage will this cause in the long run.

    I am so worried that this is just the beginning. So many mistakes on his part. So much regression for America.

  28. not to overdo the wardrobe thingy, but…from Oscar de la Renta:

    He also took a jab at the outfit the first lady wore to meet Queen Elizabeth: “‘You don’t…go to Buckingham Palace in a sweater.”

    snap!

    huffingtonpost.com/2009/04/03/oscar-de-la-renta-slams-m_n_182807.html

  29. Do you think Obama met with American business leaders and told them he was considering the possibility of removing certain entrepenuerial decisions from their control, and transferring regulatory authority over their market decisions, salaries etc to a group of international bankers with power to enact regulations and make them mandatory, where the US is 40% of the total gdp of the group but has no more voting power than Agentina? Or do you think he just said okay without checking with them and thinking through all the ramifications. The stupidity here is mindboggling.

    On the other hand, it is an ill wind that does not bring some good. In this case the silver lining is when business exectives get charged with violations of these international rules of governance, they wont have to go to New York anymore to defend themselves. They can take a nice all expenses paid trip to Brussles to plead guilty tp courts whom by custom and tradition hate American businessmen. Nice work Bambi.

  30. Under our constitutional system Congress has to ratify treaties. I wonder whether that quaint provision will be honored in the breach or in the observance in this instance.

  31. I wish someone had been standing behind Bambi’s ass and kicked him when he dared to bow like that. What a friggin freak he is. And MEschelle looked hideous again today. Purpleplum short sleeve with a black band around the sleeves. Honestly, who the hell is dressing her. And she dares think she is in the same league with JackieO. Dream on Clueless and Cluelesser.

  32. I listened again to Morris. It sounds like Obama also let this regulatory madness which should have been confined to the financial sector where the problems are, to expand to all firms in all sectors of the economy that have a substantial impact on the global economy.

    Megapolitical changes like this normally take a generation, and are predicated on detailed studies by experts focusing upon impacts. But with Massaobama it took only a day. Fools rush in where angels fear to tread. . .

    Lets just say I would not want to be sitting in the room with Fred Smith at FedEx when he learns about this one. On the other hand it may be less of a problem for him because he does business in Europe and knows his way around. But other businesses do not.

  33. My eyes just about bugged out when I read what he did. What the heck is wrong with him? And how much damage will this cause in the long run.

    I am so worried that this is just the beginning. So many mistakes on his part. So much regression for America.
    ———————————
    I really wonder if he talked to anybody in business before he did this. Like the head of various trade organizations, etc.

    To watch him navigate reminds me of the William James story about a blind man in a dark room looking for a black cat that is not there.

  34. # mp Says:
    April 3rd, 2009 at 5:42 pm

    just my comments from the previous article about Hillary’s “gaffes”:

    All I am syaing is that she needs to be FULL allert about these things…somebody IS trying to damager her!!!! Remember she trusted Patty Solis-doyle and where she ended up with situation?

    So if it was a WH aide who gave out the incorrect phone number, SHE NEEDS TO KNOW WHO IT WAS AND MAKE IT PUBLIC!!!!!!

    And she should deal with whoever was her russian language expert about that other gaffe.

    SHE CANNOT REMAIN SILENT ON THESE THINGS ANYMORE!!!!! and then appear upset etc etc…

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    mp, I’m 100% with you on this point!

    Hillary isn’t going to make any waves publicly, it’s not her style. What she needs is an enforcer who will make waves privately and most of all double check everything sent to her from the WH.. someone who will raise the WH roof when they attempt making her look foolish…which is exactly why they did it.. Hillary is becoming very popular worldwide. She’s risking her reputation on overcoming the odds all by her lonesome, again!

    Hillary distances herself from tumult and she has to stop doing it because she loses in the end. During the Primary, I don’t know how many times I said it, but it never sunk in and ultimately, she paid the price for that part of her that remains stubborn and blind to a fact of life as to how the game is played…Bill is too visible to take them on…she has to trust someone. Ann Lewis is not the one either.. Hopefully, this doesn’t turn into a rerun of the Primary.. eyes wide shut.. non-cognizance.

  35. wbboei siad:
    To watch him navigate reminds me of the William James story about a blind man in a dark room looking for a black cat that is not there.

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

    More like a blind-folded man wandering around stepping in stuff and setting off alarms — when everyone else can see him just fine!

  36. More like a blind-folded man wandering around stepping in stuff and setting off alarms — when everyone else can see him just fine!
    ——————————————–
    The guy is a rube. A dumber than Bush, he is.

  37. Was Geithner with him when this went down?

    I wonder how his handlers will spin this…and spin this they surely will!

  38. S Says:
    April 3rd, 2009 at 7:52 pm

    not to overdo the wardrobe thingy, but…from Oscar de la Renta:

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

    Just a little tidbit.. Someone on the bbc mentioned MO could/should be Diana’s replacement. Is it possible the British can’t tell the difference between a Princess and a cow?

    No one can overdo the wardrobe thingy.. Meeshell looked ridiculous and stuck out like a sore thumb everywhere she was seen. The dress she wore with Mrs Sarkozy was skin tight, if she coughed, the seams would have split. de la Renta had it right. Who goes to Buckingham Palace in a sweater?

    It’s pretty obvious, Meeshell, has been pigging out since the election was over and she’s gained 25-30 lbs. When she crossed those tree trunks she calls legs, it looked like we were viewing the Sequoia Forest smeared with cottage cheese from the knee up..

  39. Mrs Smith: if Maggie Williams is still working for Hillary then Maggie can take care of it. She is 100% loyal to Hillary, exceptionally smart, and is a superb administrator. If there is someone trying to set up Hillary, she would find him and kick his teeth in.

  40. We don’t know much about reality shows but we did hear that David Cook, an American Idol winner, said the highlight of his new celebrity is singing to Hillary last year (November 11, 2008) – Hillary appears in the below.

  41. admin said:

    “The New York Times has dirty hands and the dirty mouth of Hillary hater Dick Morris confirms the dirty Times.”

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

    Morris and O’Reilly comparing the caging of questions negotiating a deal for an interview with the NYT with the cover-up of Acorn armed with a donor’s list from Obama’s Campaign org seeking more donations as they register new voters..

    Is like comparing an ant hill at a picnic with taking a bath with an alligator. Where is the similarity and why wasn’t the coverup exposed, If Morris knew about it then, he could have exposed the coverup on Hannity’s Show?

    At the very least, laid out the scenario in the form of a question.

  42. wbboei Says:
    April 3rd, 2009 at 8:27 pm

    More like a blind-folded man wandering around stepping in stuff and setting off alarms — when everyone else can see him just fine!
    ——————————————–
    The guy is a rube. A dumber than Bush, he is.

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

    I’m temppted to a conspiracy theory of hope. You’d think it would be a job of State Dept to assign a nanny to keep him from these idiot protocol blunders (gifts with Brown, etc etc). But apparently State hasn’t. Hillary is letting him blunder around all on his own, and make a global idiot of himself.

    Might this portend hope for 2012?

  43. # wbboei Says:
    April 3rd, 2009 at 8:37 pm

    Mrs Smith: if Maggie Williams is still working for Hillary then Maggie can take care of it. She is 100% loyal to Hillary, exceptionally smart, and is a superb administrator. If there is someone trying to set up Hillary, she would find him and kick his teeth in.

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

    yeseree, Bob.. It’s now or never.. we learn from our mistakes.

    Great, and hopefully let Ms Williams off leash and let her be the spawn from Hell if anyone messes with Hillary.. Dealing with this crew, you have to plan for backup for Ms Williams. You know going in this is Chicago style politics..more like 5 or 6 more in reserve at Ms Williams direction..

  44. FYI, the person who took responsibility for the reset button gaffe was Hillary’s aide Phillipe Reines.

  45. Phillipe Reines seems like a trusted friend with a great reputation. My posts weren’t in reference to him at all.. PR might have asked someone else for the translation not being fully aware of how the word was to be used…it seemed like an honest mistake at the time and Hillary handled it nicely.

    Did anyone catch Obama saying he was studying Russian. I didn’t seem like he was kidding…

  46. Shouldn’t he learn the english language before he tries Russian?

    Then again, maybe they could use him in Siberia…permanently!

  47. JanH Says:

    Shouldn’t he learn the english language before he tries Russian?

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

    Frankly, Jan, I can’t see Obama bothering himself to learn anything for the good of the country. Obama is an overpriced actor, an order-taker, an illusion of a president, a hired hand, a dishonest slave to the Greed in the world.

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

    # wbboei Says:
    April 3rd, 2009 at 7:42 pm

    Jan–It was a bad week for the country as well. Bambi just surrendered a big chunk of our sovereignty inadvertently.

    Megapolitical changes like this normally take a generation, and are predicated on detailed studies by experts focusing upon impacts. But with Massaobama it took only a day. Fools rush in where angels fear to tread. . .
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    I agree. What is scary is the trickle down effect these regulations will have in the private sector. Where pay-scales will be determined by the Global Economy and New World Order.

    For example, the weekly pay of a secretary in Greensboro, NC will be exactly the same as a secretary in Glasgow, Seattle, Buenos Aires or Sunrise, Arizona. What had prevented this proviso from becoming realty during the Bush Administration was our Constitution and the Bill of Rights stood in the way of making it Constitutionally acceptable. That is until Bush’s signings acceded more executive power to the President.. Bush’s Presidential signings have been kept under wraps out of the public’s view for the last eight years….Bush did his part. He allowed this financial crisis to happen. Now, Obama is quarterbacking the ball to the endzone for the score.. The corruption is so rampant and so deep, now it’s worldwide.

  48. I think the ‘bow’ thing is overblown. The Japanese bow to everybody. Women curtsy to the Queen. If the woman were President, she wouldn’t curtsy but a slight nod out of respect is never out of place.

    Americans get very sensitive about rank. A bow is wrong but putting your hands on a queen’s body is OK? I have always hated when an introduction gives someone license to hug me or kiss me or pat me on the back or any other invasion of my space. Even though I come from a hand-kissing family, the hand never actually touches his lips.

    I say yes to the respectful nod – and a handshake if she offers it. That’s all.

  49. The lack of protocol is a big deal. I fear that we give the huckster too much credit when we file his errs away as him lacking in intelligence. With every fiber of my being, it is certain that the huckster has plans to make this country into something that our future generations and our greatest generation heads would spin over. I give him no slack. He intends every thing he does as a means to an end, except of course when he speaks without the help of his teleprompter.

    Dick Morris has sounded the alarms many times about the huckster. It just seems that now credibility for what he says is growing. People have only been half listening up until now. He has shown Hillary hate, but now he has shifted over to exposing the huckster.

    Please spread the word that there will be 3 Tax Day Tea Parties in Ocala on April 15th. Two in the downtown square at noon and at 4:00 pm, and another one off State Road 200 from 2-4pm. The downtown square one promises a surprise. Info below, but the cute images did not transfer:

    A little birdie told me you’re wondering what you should bring to the Ocala Tax Day Tea Party,
    so I have put together a list of suggestions that I found helpful at other parties, so you can PECK and CHOOSE:

    ***********************
    TEA BAGS!
    (That stands for Taxed Enough Already!)

    Protest signs – hand held or worn

    Flags

    Your cameras – still & video! We may be able to let you upload them to a website afterward!
    (Where do you think Glenn Beck gets them from?)

    A lawn chair if you wish

    Heck, bring your lunch for the noon rally!
    (But if you generate trash, you must take it home with you!)

    Some quarters if you use paid parking

    An umbrella if there’s any possibility of rain

    Your friends, neighbors, & kids!

    You can wear your best colonial costume and tricorn hat, but
    leave the muskets at home, please. Or an official Ocala Tax Day T-shirt from Zazzle! would be nice to help us cover expenses!
    zazzle.com/ocalateaparty
    Your best cheering voice!*

    Smiles*

    Enthusiasm*

    A burning desire to change our government back to something reasonable!*
    (* Mandatory!)

    ***WHAT NOT TO BRING***
    Politicians

    It’s their turn to LISTEN!
    Oh, very well, you can bring one, but they have to be quiet. Shhhhhh.

    We’re going to have some fun, do some serious business, maybe have a little music, and maybe,
    just maybe, we’ll have a BIG surprise for you! You have to come to find out!

    YEAH! We’re gonna party like its 1773!

  50. One of the best articles yet!!! Simply fantastic exposure of the most corrupt POTUS and his enablers we have seen in our life time.

  51. admin,

    Yes, good update. At least with Clinton, the Emperor broke protocol first. It’s always edifying to hear from Mr. Barrett. He’s one of the few journalists who have kept his head on his shoulders.

  52. When you have a global crisis precipiated by derivatives and hedge funds it may make sense to transfer regulatory over those two issues to an international body to clean up the global financial system. I get that part.

    The part I do not get is why it is also necessary to transfer all the other regulatory powers to that body as well, including power over markets, salaries and other powers previously reserved to the SEC, the Federal Reserve, Congress, or private decision-making.

    Also, I do not understand why a country like the United States would relinquish the leverage it previously had based on 40% of the total GDP and confine its influence on that body to a single vote no different than the a nation like Argentina who has 1/10 of its GDP.

    Someone is bound to say he did it intentionally and maybe he did. And if he did it without discussing the matter with congress and stakeholders then he is a traitor. But the other explanation is sheer incompetence. I think he got so fixated on the stimulus issue that the Europeans slipped the larger issue by him–a rank amateur he is.

    Again when he coyly asserts he did okay, I tend to believe that he did not realize how badly he screwed up. I bet the Europeans who are always looking for ways to put one over on the Americans are slapping eachother on the back over that one. The King of Saudi Arabia looked pleased as well. They’ve got his number and it is Bush 3.

    That is most definitely a if the core problem which preciptated this global crisis was derivatives, and arguably hedge funds as well, why not limit international oversight to those two issues? Why grant broad and plenary authority to oversee so many other areas

    to those bodies as Obama did by agreeing to this document? other thing that strikes me about this transfer of regulatory authority to an international body, is how wholesale grant of supreme oversight authority to an international body is a ridiculously overbroad remedy for a much narrower problem that being the proliferation of derivatives. Instead of transfering broad plenary powers to a consortium of international bankers in which American interests are substantially underrepresented, what a negotiator with half a brain would have done is narrow the remedy to vehicles which involve bunding bad assets or are strictly bets with nothing of value to back them up. That would subject the offending practices only, i.e. derivatives and hedge funds to international oversight.

  53. Dowd and Friedman won’t lose salary but the lower paid workers will pay; From the great “liberal” New York Times – liberal and progressive and pro-union until it is the publisher’s pockets losing “change”:

    http://www.boston.com/business/ticker/2009/04/times_co_threat.html

    The New York Times Co. has threatened to shut the Boston Globe unless the newspaper’s unions swiftly agree to $20 million in concessions, union leaders said.

    Executives from the Times Co. and Globe made the demands Thursday morning in an approximately 90- minute meeting with leaders of the newspaper’s 13 unions, union officials said. The possible concessions include pay cuts, the end of pension contributions by the company and the elimination of lifetime job guarantees now enjoyed by some veteran employees, said Daniel Totten, president of the Boston Newspaper Guild, the Globe’s biggest union, which represents more than 700 editorial, advertising and business office employees.

    The concessions will be negotiated individually with each of the unions, said Totten and Ralph Giallanella, secretary-treasurer of the Teamsters Local 259, which represents about 200 drivers who deliver the newspaper. [snip]

    Earlier this week, the Globe newsroom completed cutting the equivalent of 50 full-time jobs. But the deteoriating economy has made the paper’s financial outlook much worse. Management told union leaders Thursday that the Globe will lose $85 million in 2009, unless serious cutbacks are made, according to a Globe employee briefed on the discussions. Last year the paper lost an estimated $50 million, the employee said.

    The Times Co. is seeking concessions from the union because the New York company, which is also suffering from the recession, can no longer subsidize the Globe’s losses, said the Globe employee who requested anonymity because the person is not authorized to speak publicly. The Times Co. posted a net loss of $57.8 million in 2008.

  54. If Bambi has bowed any deeper to the Saudi monarch he would have needed a prayer rug. That guy is one of his biggest backers.

  55. admin Says:
    April 4th, 2009 at 12:11 am

    Talking about newspapers. I had a short conversation with a local (union) police officer today. The Mayor in his city is asking them to increase their co-pay on their Health Ins and take a 3% paycut.

    That or he intends on laying off 10 POs. having just 3 full timers to take care of a city with a population of 50,000 people and very little help from the state in the way of emergency funding because the entire state is in the same predicament.

  56. The Times Co. is seeking concessions from the union because the New York company, which is also suffering from the recession, can no longer subsidize the Globe’s losses, said the Globe employee who requested anonymity because the person is not authorized to speak publicly. The Times Co. posted a net loss of $57.8 million in 2008.
    ———————————————–
    The parent company is asserting an inability to pay the current rates and benefits, and is demanding steep reductions backed by threat to close the operation. I am sure they are represented by Proskaueur a New York management law firm which is one of the best. The union response should be to demand that the company open it financial books for both newspapers and prove this is true. If NYT is like most companies, it will agree to open the Globes books, but will be reluctant to open those of the Times. The company will assert privacy and the union will respond that it will sign a confidentiality agreement. I hope the union bargains tough but I doubt that they will. The members will want to keep their jobs even at reduced wages. Some will accept buyouts.

  57. That is most definitely a if the core problem which preciptated this global crisis was derivatives, and arguably hedge funds as well..
    *************
    I don’t think anyone has a clue about how to stop the coming economic tsunami. There are >$58 trillion of credit-default swaps polluting the world financial markets and these are only 5% of the total derivatives of all types. To give these numbers some perspective, the US GDP is ~$13 trillion and the World “GDP” is ~ $50 trillion.

  58. That is most definitely a if the core problem which preciptated this global crisis was derivatives, and arguably hedge funds as well..
    *************
    I don’t think anyone has a clue about how to stop the coming economic tsunami. There are >$58 trillion of credit-default swaps polluting the world financial markets and these are only 5% of the total derivatives of all types. To give these numbers some perspective, the US GDP is ~$13 trillion and the World “GDP” is ~ $50 trillion.
    ———————————————
    I agree SHV. But in that case what would you recommend?

    1. transfer no regulatory authority to this international consortium of bankers since the problem is too large?

    2. transfer only narrow regulatory authority over derivatives and/or hedge funds to this internationl consortium of bankers?

    3. transfer broad regulatory authority over all businesses which have a substantial mimpact on the global economom to this international consortium of bankers?

    4. something else?

  59. SHV: since Bambi transferred broad regulatory authority to the international consortium, if the world economy crashes for the reasons you suggest, then it would be rebuilt by that consortium rather than by domestic actors and regulators. And, in that case it is reasonable to assume that the relative benefits and burdens of the new economy would be allocated more equally, among nations and individuals. That would adversely affect the American People who currently enjoy a higher standard of living than most of the world.

  60. No one asked me, but imo all these crazy contracts should be declared null and void: the ‘derivitates’ etc as well as the crooked mortgages. The people who wrote those and the speculators should be left empty handed. If nothing like this can be traded or enforced in the future, then what would it matter which ones are ‘toxic’ and which are not?

    Nuke them all, then no one has to sort them out.

  61. I wouldn’t transfer anything to the bankers or the international “money mafia”. Re-establish rules, regulation and over sight of the US banks and financial institutions, prosecute those who have violated the law; direct money to the US population to help them weather the storm and wait for this financial disaster to unwind. The US treasury can’t print money fast enough to keep this ship from sinking but can provide life boats for the people. Obama has screwed the pooch by paying off his “big money” patrons.

  62. Is the supply of Obama Kool-aid running out?

    From “Mother Jones”
    “Should Obama Control the Internet?”
    (snip)
    The Cybersecurity Act of 2009 (PDF) gives the president the ability to “declare a cybersecurity emergency” and shut down or limit Internet traffic in any “critical” information network “in the interest of national security.” The bill does not define a critical information network or a cybersecurity emergency. That definition would be left to the president.
    The bill does not only add to the power of the president. It also grants the Secretary of Commerce “access to all relevant data concerning [critical] networks without regard to any provision of law, regulation, rule, or policy restricting such access.” This means he or she can monitor or access any data on private or public networks without regard to privacy laws.
    ww.motherjones.com/politics/2009/04/should-obama-control-internet

  63. Obama has his hotel room in France re-decorated:

    ” Where is Barack Obama going to sleep tonight ?
    As we have already told you, he will stay at the Hilton Hotel, in Strasbourg.
    But what we have just learnt is a little surprising : Obama has made reservations for the whole hotel !
    One of the hotel’s bosses has indicated that all the rooms of the hotel (245 rooms, to be precise) have been booked by the Obama team, from Thursday, April 2nd to Sunday April 5th.
    The hotel’s fifteen meeting rooms have been reserved too, and so have the two restaurants.”
    / / europumas.over-blog.com/article-29841835.html

  64. Wbboei, we had heard that Proskauer was in deep trouble. Last December Proskauer laid off 35 associates and 25 staffers. A bunch of first years also lost jobs. There have been questions about the summers and noone really knows what will happen to the 09s. Proskauer has a very good reputation but it had Madoff as a client. In March 2009 it fired an additional 23 attorneys.

    There is a good gossipy legal website called “above the law” which has some interesting news and fun comments. We like comment #24:

    With the massive layoffs continuing to strike at major law firms, I have only one question to ask the terminated associates and personnel? How are you enjoying President Obama’s wave of Change?

    Last fall, I caught a young associate wearing an Obama/Biden button the on the firm’s premises. I sternly admonished him and advised that our political views should not be displayed at the firm (we must not upset the sensitivities of our clients). It was no secret that most of the younger associates are bleeding heart liberals that have no comprehension of politics or how the world works. Perhaps if they stopped and took a break from their obssession in making money, they would gain an understanding of how life really works. It is sad to see so many people become unemployed. I am deeply disturbed by all the commotion of the firings. It has certainly created an adverse impact on worker productivity firmwide.

    While I am not condoning the past administration, I can now vicariously vouch for these young terminated associates that they were doing better under the past administration than the present. Our President has said it will get a lot worse before it gets a lot better. I would like to hear from some of the terminated associates or personnel, particularly their view of whether they can stand it to get any worse than it already is.

    There is also this which made us laugh because we remembered our article “Abandon Ship – The Captain is a Boob”:

    The ship is sinking

    This other comment (from the same person which posted comment 24) is on target too:

    I am willing to place a hefty wager that you blamed George W. Bush for 9/11. Although only in office for a short time, I will humor you and say it was his fault. Now let us take a look at Obama’s first 50 days in office. Almost 2 million jobs loss since he took office, Dow is down by 15% since he took office, consumer confidence is at an all time low, already designated more monies to “fix” the economy than has been spent on the war in Iraq and the whole legal profession going down the tubes with a generation of young lawyers enslaved to their student loan debt. Yes No. 41, this is change I can believe in. If McCain were African-American and Obama was White, you would have voted for McCain. You voted along racial lines instead of values and principle. And now it looks like America is lost.

    The same “Partner Emeritus” writes this:

    President Obama has no governing experience and his decisions thus far have proven that he is incompetent and unfit to lead this nation. His solution to the economic meltdown is to create print more money (which devalues our currency and creates super inflation) and throw money at the problem rather than formulate practical solutions. He appointed a tax scofflaw to engineer a solution to the current economic crisis. President Obama’s impact on this nation is already being felt, just read the headlines. People are committing suicide because they are losing their jobs. Families are going hungry and businesses are closing shop as a result of Obama’s oppressive tax strategies. And yes, I have lost money as a result of Obama and have had to layoff some workers who were undeserving of termination. Obama left me no choice.

    You mock me as a result of my advanced age. I bet I could still take you down physically but I digress. I am partner emeritus because I led my firm with other partners for almost 15 years. It was time to hand the reigns of leadership to others who worked hard and deserved it. I am not a tyrant.

    Partner Emeritus hits back at a critic:

    President Obama’s policies are a recipe for fatal failure. This nation’s economy is on course to flatline because his oppressive policies are geared toward raising the cost of business in America. Companies are engaging in “corporate flight” to India, Singapore, the Philippines, Mexico, Chile, and other nations because Obama has proposed a socialist agenda to highjack the nations’ wealth and re-distribute it as a solution to the economic crisis. Corporate America eschews these policies and will punish Obama and the American people by taking their industries (read: JOBS) to a friendlier environment. Unemployment will reach 20% by the end of the year. The FDIC is on course to become insolvent as more private banks become Federal Savings Banks. Is that the change you want? The writing was on the wall this past November. You folks thought Obama was an anit-Bush because he seemed “brighter.” Obama is a product of affirmative action. He went to Harvard Law School based on that policy. What college did Obama transfer from before landing at Columbia? Let me hear it. While I am not against affirmative action, I do believe it is a stigma on those that have benefited from that policy. Let me ask you this: Would you prefer a doctor who got into Harvard Medical School on his own merit to perform heart surgery on you or the candidate that got in as a result of affirmative action? Exactly.

    Enjoy the dismantling of America, courtesy of our President Barrack Obama.

    Good comments and news at that non-political site.

  65. surrendering sovereignty…That would adversely affect the American People who currently enjoy a higher standard of living than most of the world….

    Doesn’t this fit in with his overall philosophy, that he keeps trying to shove down everyone’s throats…i.e. leveling the playing field?

    So in essence, was this an accident, or was it planned all along?

  66. Pressure on Hamid Karzai to scrap Afghan women’s law

    Julian Borger in The Hague
    The Guardian, Wednesday 1 April 2009

    Afghanistan’s president, Hamid Karzai, came under intense western pressure yesterday to scrap a new law that the UN said legalised rape within marriage and severely limited the rights of women.

    At a conference on Afghanistan in The Hague, Scandinavian foreign ministers publicly challenged the Afghan leader to respond to a report on the new law in yesterday’s Guardian, and the US secretary of state, Hillary Clinton, was reported to have confronted Karzai on the issue in a private meeting.

    At a press conference after the meeting, Clinton made clear US displeasure at the apparent backsliding on women’s rights. “This is an area of absolute concern for the United States. My message is very clear. Women’s rights are a central part of the foreign policy of the Obama administration,” she said.

    The Guardian reported that Karzai had signed the controversial law last month. The text has not yet been published but the UN, human rights activists and some Afghan MPs said it included clauses stipulating that women cannot refuse to have sex with their husbands, and can only seek work, education or visit the doctor with their husbands’ permission…

    guardian.co.uk/world/2009/apr/01/afghanistan-womens-rights-hamid-karzai

  67. Hillary for Dhaka

    US Secretary of State Hillary Clinton has agreed to visit Bangladesh “at a mutually convenient time,” said a Bangladesh foreign ministry statement in Dhaka yesterday.

    Clinton agreed to tour Bangladesh when Foreign Minister Dipu Moni invited her on the sidelines of the International Conference on Afghanistan in The Hague, the Netherlands.

    “She accepted the invitation and opined that the visit could be arranged in future at a mutually convenient time for both the governments,” the statement said.

    Moni flew to the Netherlands from Malaysia’s capital Kuala Lumpur to attend the conference. She had meetings with Dutch foreign minister Maxime Verhagen, Australian foreign minister Stephen Smith and Turkish foreign minister Ali Babacan.

    The conference is believed to be the largest gathering of the foreign ministers on a single political theme in the world with 72 countries attending it.

    gulf-times.com/site/topics/article.asp?cu_no=2&item_no=282563&version=1&template_id=44&parent_id=24

  68. Hedge fund paid Obama adviser Summers $5.2 mln

    Sat Apr 4, 2009
    By Roberta Rampton

    WASHINGTON, April 3 (Reuters) – Lawrence Summers, a top economic adviser to U.S. President Barack Obama, was paid about $5.2 million by hedge fund D.E. Shaw in the past year, financial disclosure forms released by the White House showed on Friday.
    Summers, a former U.S. Treasury secretary and Harvard University president, also was paid $2.7 million in speaking fees by a range of organizations and companies, including several troubled Wall Street financial firms, they showed.

    The disclosure documents on Summers and other White House officials advising Obama on the global financial crisis covered 2008 and the first few months of this year. Summers became an official adviser on Jan. 20 when Obama took office.

    Summers, who was a part-time managing director of D.E. Shaw after stepping down as Harvard president, had speaking fees of $67,500 from JP Morgan (JPM.N: Quote, Profile, Research), $45,000 from Citigroup (C.N: Quote, Profile, Research), $135,000 from Goldman Sachs (GS.N: Quote, Profile, Research) and $67,500 from Lehman Brothers, which went bankrupt in the mortgage crisis last year. He also had significant income from Harvard University and from investments, the forms showed. As chairman of the Council of Economic Advisors, Summers is a leading voice in Obama’s policies to reverse the recession in the United States, rebuild the financial industry and help to end the global crisis.

    The disclosure documents showed many of the senior advisers to the president earned large salaries from their companies, served in lucrative positions on corporate boards and had large holdings of stocks, bonds and mutual funds:

    National Security Adviser James Jones reported collecting more than $1 million for serving as a director for Boeing (BA.N: Quote, Profile, Research), Chevron (CVX.N: Quote, Profile, Research) and other companies. He had a salary and bonuses of $900,000 from the U.S. Chamber of Commerce.

    Obama senior adviser David Axelrod reported $896,776 in salary from his consulting firm AKP&D Message and Media as well as $500,000 in partnership income. He had another $151,914 in partnership income from his other campaign management firm, ASK Public Strategies. Axelrod reported he had entered an agreement to sell the firms for $3 million over five years.

    Valerie Jarrett, another senior Obama adviser, reported $346,687 in directors’ fees, including from the consulting firm Navigant, a real estate investment trust and the Chicago Stock Exchange. Jarrett had $302,000 in salary from a company that develops and manages apartment buildings, plus $550,000 in deferred salary from the same firm, her disclosure form showed.

    uk.reuters.com/article/marketsNewsUS/idUKN0351607820090404

  69. It’s ALL over the Canadian Free Press:

    “US GIVES UP IT’S SOVEREIGNTY TO NEW WORLD ORDER!”

    h.. pumasunleashed.wordpress.com

  70. Mrs. Smith, seems most American’s don’t have a clue!

    Also, I was reading the Blago indictment. Is Antoin Rezko, Tony Rezko?

  71. Too bad there is not an i for inexperienced or inept. This is an election where we let the young exuberent people hoodwink common sense, and we will pay dearly. However, the older people are retired, and will not lose their job. The younger people might, and so the lesson for them will be harsh.

    When I was raising my children I found sometimes they do not listen when you tell them the stove is hot. Sometimes they actually had to touch it.

  72. surrendering sovereignty…That would adversely affect the American People who currently enjoy a higher standard of living than most of the world….

    Doesn’t this fit in with his overall philosophy, that he keeps trying to shove down everyone’s throats…i.e. leveling the playing field?

    So in essence, was this an accident, or was it planned all along?
    ——————————————————
    Jan-the truth is I dont know. But I am inclined to think it was a case of misfeasance as opposed to malfeasance for this reason.

    Why? Because it reduces his power. Now he has only one vote in the regulatory body whereas before his power was in a collective process such as this one was proportionate to our dominant gdp.

    Put differently when he ties the hands of the United States in this manner he simultaneously ties his own hands to impose regulatory solutions to perceived problems unilaterally.

    It has been my observation that sociopaths do not customarily do something like that intentionally. Generally speaking, they prefer the unfettered right to be arbitrary and to change with the seasons.

    Also, although you are right that he pays lip service to levelling the playing field, I seriously doubt that he has a coherent and sustainable policy position, or a consistent set of values on anything.

    But that deep bow to the king of Saudi Arabia to me is a tell as to where some of his strings are being pulled. It was a sign of deference. And Saudi influence interceded to get him into Harvard, as I recall. To me the bow was comedic on the one hand (any deeper and he would have needed a prayer rug), yet sinister on the other.

    What I do know–or think I know is that a valuable piece of our sovereignty and control over our national destiny was surrendered to an international body without the consent of congress or the business community or God forbid the American People. If the did that then he is a traitor. If he did not he is a dangerous incompetent. Either one is poison.

  73. Change last sentence to read:
    If he did it intentionally it is treason, if he did it negiligently he is a dangerous incompetent. Either way its poison.

  74. Mrs. Smith-to me the point is this> I could see an interim grant of specifically defined power to an international body as one step in a comprehensive solution to a spiralling global economic problem as a way to ensure collective action, if that power was limited to the specific causes of the crisis namely derivatives etc.

    But that is not at all what this is. From what I can tell this is a broad grant of regulatory power over all aspects of our economic existence for companies that have a substantial impact on the global economy in perpetuity. This is far more than just financial institutions.

    Moreover, this was done impulsively, on the spot and without the consent of domestic stakeholders–that is most definitely a forfeiture of sovereignty–and a radical reduction in our power and influence over our future.

    In fairness this is not the first time we have surrendered some incident or aspect of our national sovereignty to an international body. But never before this way that I can tell.

    When we set up the United Nations, we reserved the right of nations to take unilateral action on matters of self defence.

    Furthermore, the power of the United Nations to act as a body was conferred to a small group of powerful nations–US, Britain, France and Russia originally. It was never accorded to the General Assembly or as here to 20 or 28 nations.

  75. Let me restate the proposition arithmatically. Assume there we have surrendered our sovereignty to the collective will of 20 nations, some of whom have less formal power in G-20 on other matters, but on the issue of regulation they have an equal vote to ours.

    The crucial mistake here was to submit to equal voting power rather than voting power proportionate to GDP. Under a proportionate voting system (like the House of Representatives) we would have 40% of the vote, whereas with the equal vote arrangement which the Saudi Prince of ours agreed to our vote is reduced to 5%.

    But he smiled when he did it–as John Wayne used to say. And so did all the other members of G-20 if you saw the exit photo. Even the Saudi King. They know a rube when they see one–even if big media does not.

  76. So in other words, we sent a woefully unprepared, unexperienced, uneducated, puppet king to do a president’s work.

    Is anyone really surprised that he didn’t understand the fine print, let the other powers run circles around him, and left and is still leaving the cleanup to Hillary?

    Only some things can’t be fixed. And he has now given the Republicans and even Hillary (should she choose to run again) so much ammunition against him that it is beyond belief. And it’s only early days still.

    And he thinks he was a success???

    Well bots, you voted this comedian in. Congratulations!

  77. I wouldn’t transfer anything to the bankers or the international “money mafia”. Re-establish rules, regulation and over sight of the US banks and financial institutions, prosecute those who have violated the law; direct money to the US population to help them weather the storm and wait for this financial disaster to unwind. The US treasury can’t print money fast enough to keep this ship from sinking but can provide life boats for the people. Obama has screwed the pooch by paying off his “big money” patrons
    ————————
    Now there is an economic plan we can believe in. It makes sense. And it favors the American People as opposed to the bankers who were and are the architects of this disaster.

  78. Admin: thanks for the sampling of views. It is easy to see how Partner Emeritus was the leader of that firm for fifteen years. Clear thinker.

    It is ACT I in the THEATRE OF THE ABSURD otherwise know as the Obama Presidency, and already the words of Alonso Quehanna (The Man From La Mancha) waft through the air re. Obama vs Bush: may the cure be not worse than the disease.

    It is poetic justice however that the young people who were induced by generational solidarity as opposed to clear thinking to vote for this boob, and soon to be tyrant–because that is what will come next, are feeling the economic effects of his business killing strategies. His prescriptions are an economic death sentence to the people who supported him.

    To which the globalists gloat and say as they did of Franco. De me un general quien sera muerte su gente. Give me a general who will fire on his own people.

  79. Admin: Joseph Proskaeur was FDRs personal attorney. The firm has produced some great lawyers. I met a number of them at one time. They had some real duds, but they never made it past associate. They are the premier labor firm in New York City, where the competitition is tough.

  80. Question: how do you rekindle an economy after a bubble has burst?

    Answer: war. That has been the traditional answer. But that is always a dangerous proposition–especially now. Afganistan, Pakistan, where else is this possible?

  81. Hillary Clinton: Afghanistan action now

    April 3, 2009 4:00 PM

    by Mark Silva

    All the focus on President Barack Obama in his travels across Europe – and on the sideshows of the Michelle Obama-Queen Elizabeth II touch and Michelle Obama-Carla Bruni ‘fashion smackdown’ – has tended to overshadow the work of one hard-working erstwhile frontrunner for the White House and now secretary of state.

    Hillary Clinton has been working on building a NATO consensus around the newly fashioned U.S. strategy for Afghanistan. The review is finished, the secretary says, and now the action starts. She met this week with an Afghanistan donor’s conference in the Hague.

    “The NATO summit is not a pledging conference, but of course we will be talking about how our allies can match their resources to the needs identified in the strategic review,” the secretary said. Those resources are not necessarily combat troops, she stressed, in a conference call with reporters covering the president’s trip to Europe. “I think we’re trying to focus on what we think will work, and what we believe will work is moving as quickly as it feasible to having security taken over by the Afghans themselves,” she said.

    White House National Security Advisor Jim Jones, joining Clinton on the call, stressed that the Obama administration has military, diplomatic and development components in its Afghanistan-Pakistan strategy. Jones, a retired Marine Corps General who served as NATO’s supreme allied commander, senses a new feeling among alliance members that they must work together on Afghanistan. “”Having been at NATO and having been around since 2003 working on Afghanistan, I can tell you that there is a new spirit and there’s a new feeling, and now we – we’ll know shortly exactly what that transmits to in terms of offerings,” Jones said.

    “There’s been “very little credibility for what’s already been invested,” Clinton told reporters en route to the Netherlands. “A lot of these aid programs don’t work.” The new U.S. approach involves “looking at every single dollar as to how it’s spent, and where it’s going, and trying to track the outcome,” she says.

    swamppolitics.com/news/politics/blog/2009/04/hillary_clinton_afghanistan_ac.htm

    ————————————–

    She does the work. He gets the praise. We won’t forget!

    Oh and a Great picture of Hillary accompanies the article.

  82. Havel, Schwarzenberg to meet Hillary Clinton in private today

    04.04.2009

    Prague – Former Czech president Vaclav Havel and Czech Foreign Minister Karel Schwarzenberg will meet U.S. Secretary of State Hillary Clinton in private today, Havel’s secretary Sabina Tancevova has confirmed to CTK, without elaborating.

    Hillary Clinton will arrive in Prague with U.S. President Barack Obama later today to attend the EU-U.S. summit on Sunday, organised by the EU-presiding Czech Republic.

    Havel, Czechoslovak President in December 1989-1992 and Czech President in January 1993-February 2003, met Hillary Clinton’s husband, then U.S. president Bill Clinton, in Prague in 1994 when both men were heads of state. Havel and Clinton then took a stroll in Prague streets and went to the famous pub “at Golden Tiger” foe a beer. Clinton also played the saxophone, he got as a gift from Havel, in Prague’s Reduta jazz club. Hillary Clinton did not accompany her husband in Prague then.

    She paid her first visit to Prague alone in July 1996 during her official tour of Central and East Europe. Two years later, she attended the Forum 2000 conference, held under Havel’s aegis. Havel invited her to his favourite Slavia cafe.

    Havel will also meet Obama on Sunday after the EU-U.S. summit before the U.S. president leaves Prague.

    ceskenoviny.cz/news/zpravy/havel-schwarzenberg-to-meet-hillary-clinton-in-private-today/369377

  83. You think the hopium-addled Blogger Boyz will wake up NOW? More power grabs by Obama:
    From Mother Jones:

    Senators John Rockefeller (D-W. Va.) and Olympia Snowe (R-Maine) think so. On Wednesday they introduced a bill to establish the Office of the National Cybersecurity Advisor—an arm of the executive branch that would have vast power to monitor and control Internet traffic to protect against threats to critical cyber infrastructure. That broad power is rattling some civil libertarians. [MORE BELOW.]

    The Cybersecurity Act of 2009 (PDF) gives the president the ability to “declare a cybersecurity emergency” and shut down or limit Internet traffic in any “critical” information network “in the interest of national security.” The bill does not define a critical information network or a cybersecurity emergency. That definition would be left to the president.

    The bill does not only add to the power of the president. It also grants the Secretary of Commerce “access to all relevant data concerning [critical] networks without regard to any provision of law, regulation, rule, or policy restricting such access.” This means he or she can monitor or access any data on private or public networks without regard to privacy laws.

    motherjones.com/politics/2009/04/should-obama-control-internet

  84. I hope to God I am wrong. But if the situation deteriorates millions will look to him as their personal messiah. He will adopt radical policies which will make the situation infinitely worse. And when he is against a wall he will turn on the people of this country. This is a classic sociopathic response. The Chicago crew will adopt a fuerher bunker mentality as the guns in the distance grow progressively louder. My concern is he will take the party and more importantly the country down with him. As I say, I hope this is all just my imagination. But I do not like to see so many down arrows–and this dude is a real problem.

  85. HillaryforTexas: this is the one my younger friends have been worried about– The Cybersecurity Act of 2009. He will tap porn obsessed right wing sky pilots like Reverend Rick Warren for support. The original impetus for this was Howard Dean. This one will drive some of the bots crazy–including the groper and the one who gave out the 1-900 number to reporters at g-20. Someone should drop this turd in the kossaks puch bowl. Or that idiot at talk left who believes we should not throw the baby out with the bathwater, but reason with him because as the estimable Bob Herbert has assured Barack is a thoughful man in a thoughtful house etc.

  86. Just have to post think link to this picture. Totally has nothing to do with anything:

    http : //tinyurl .com/d2fulw

  87. He will tap porn obsessed right wing sky pilots like Reverend Rick Warren for support.
    ************
    Religious wing-nuts love porn. The two states that have the most downloads of online porn???? Utah and Mississippi.

  88. wbboei Says:
    April 4th, 2009 at 11:35 am

    Question: how do you rekindle an economy after a bubble has burst?

    Answer: war. That has been the traditional answer.

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

    How does this work? War takes a lot of resources and sends them overseas for no comparable gain.

    How does this help an economy?

  89. I’m not sure the war gambit would work anymore, and here’s why: It helped end the depression because we still had major manufacturing in the USA. We still had steel mills, and factories, etc. Going to war enabled those factories to massively expand, employ tons of people, and supply not only our effort but the Allies.

    Now? We have no real manufacturing base. We have a fake economy, based on ponzi “financial products” and service.

  90. BTW, got an email from the San Antonio Teaparty organizers, and it’s encouraging. I’m not sure if you all have heard, but Glenn Beck is coming here to the teaparty, so the response is becoming massive.

    The organizers have been ADAMANT that this remain a non-partisan event. In the email today, they stressed that No sitting politician or people seeking political office will have the microphone at our rally. They’ve done a good job of insisting it’s about the voice of the people, and not letting the politicians glom onto it and hijack it to campaign for themselves.

    Yes, it’s still mostly conservatives organizing, but a few of them state outright that they are middle-of-the-roaders, who want neither huge unresponsive govt, nor for govt to disappear. Mostly they want BOTH parties to stop doing what the hell they want, and listen to us.

  91. Hillaryfortexas said:
    Going to war enabled those factories to massively expand, employ tons of people, and supply not only our effort but the Allies.

    ==========

    And who paid for it, and when and how? Credit, “Victory Bonds” etc. I doubt if the Allies reimbursed us for supplying them; instead the next step was the Marshall Plan.

    I’m not saying WWI and WWII didn’t work. Just that the fact that they worked, makes me wonder if money (especially borrowed future prospects in unlaid eggs from hens themselves yet unhatched nor drempt of) is really what we think it is….

  92. HillaryforTexas Says:
    April 4th, 2009 at 1:08 pm

    I’m not sure the war gambit would work anymore

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

    Have the Korean, Vietnam, Gulf, and Iraq wars per se helped the US economy? (Other than by acquiring oil rights keeping Bush in, etc.)

  93. Looks like Loan modification are not working in part because the house payment does not lower, Dah. And this team is suppose to know what it is doing.

    dailyfinance.com/2009/04/03/home-loans-failing-at-a-high-rate-despite-modifications/

    add htt stuff, and wwws

    I really wonder what type of crap we have trying to solve our problems. Economics is such a historical study.

  94. Seriously, what would we do if not for the inside scoop from Admin day-after-day-after-day? Honestly, folks, I garner more REAL info by checking in here on a regular basis than watching a week of FOX News. As unbelievable that it is to see BHO hand over our US sovereignty within his first 70 days, we all saw this playing out in slow motion throughout the 2008 primaries, didn’t we? While everyone else is simply astounded that all of this has happened at a record clip (except followers/believers of hillaryis44) we lay low, bending (not bowing) and flexibly altering strategy to regain our nation’s freedom from tyranny. Also interesting that the Conservatives who said only a few months ago that a third party would NEVER be viable, suddenly see the handwriting on the wall…that this New World Order is already so far gone that the “only thing left to fear is truly fear itself”…..and desperate times call for desperate measures….they have determined that now under a one-world government (checked out Revelations lately?) they may as well go for broke and launch a third party. Hey, even though we LOATHE the current state of affairs, we may as well join in the (HRC) Living History underway. Back to working on my taxes….speaking of….T.E.A. Party, anyone?

  95. wbboei… I have read the last three of your recent posts. If you go to:

    h.. pumasunleashed.wordpress.com and read back at the links posted in the most recent article, it’s all there.

    ellurian predicted the loss of our sovereignty months and months ago.. The when and the where of it all was posted over and over again. I posted some of the excerpts here as a heads up, not that we were able to change things and make a difference in any way, just a sharing of future events to come and I guess, looking for feedback from trusted friends.

    The time to worry is when the rest of the country figures out the ramifications of Obama’s power grab, where everything in our daily lives will be controlled by the government, our country will rise up as it always has in our history… fighting government oppression. We have prevailed over the British and will do so over the newest Muslim oppressor.

    Government hasn’t changed and neither have we. I have faith the Heartland willprevail. Unlike us, they and their extended families and neighbors have been preparing for this moment for last 25 yrs.

    Our situation will become alot worse before it gets better. We will survive and endure.

  96. Lavrov, Clinton discuss results of RF-US presidents’ meeting in London

    04.04.2009

    MOSCOW, April 4 (Itar-Tass) – Russian Foreign Minister Sergei Lavrov had a telephone conversation with U.S. Secretary of State Hillary Clinton on Saturday to discuss the results of the meeting of the presidents of the two countries in London as part of the G-20 summit and the situation linked with the launch of a ballistic missile by North Korea.

    Lavrov and Clinton “gave a high assessment to the results of the meeting of the presidents of Russia and the United States in London on April 1 that was held in a constructive atmosphere and laid the foundation for further joint work in the spirit of mutual respect and the interests of both sides”, the Foreign Ministry reported.

    “Sergei Lavrov and Hillary Clinton discussed a series of concrete issues, including Pyongyang’s intention to launch a ballistic missile,” the ministry said.

    itar-tass.com/eng/level2.html?NewsID=13758045&PageNum=0

  97. Friday, April 3, 2009,

    Colorado’s Markey breaks with Democrats on Obama budgetDenver Business Journal – by Mark Harden

    U.S. Rep. Betsy Markey was the only Democrat in Colorado’s congressional delegation to vote against President Barack Obama’s $3.5 trillion federal budget package.

    “I grappled with this budget but ultimately could not support it.” the freshman lawmaker, D-Fort Collins, said in a statement late Thursday. “I was elected to bring fiscal responsibility back to Washington, and I believe that Congress must be more aggressive in cutting our federal deficit. At a time when families all across the country are tightening their belts, we can do a better job of rooting out inefficiencies and cutting out government waste.”
    Markey was one of just 20 Democrats in the House to vote no on the spending plan. It passed the House 233-196 and was approved Thursday night by the Senate 55-43.

    No Republicans in either house voted for the budget resolution.

    Markey’s northeast Colorado seat voted for Sen. John McCain in the last presidential election and has been represented in Congress for several years by Republican Marilyn Musgrave, whom Markey defeated last November.
    Of Colorado’s seven House members, four Democrats supported the Obama budget and Markey along with both Republicans opposed it.

    U.S. Rep. Diana DeGette, D-Denver, was among those voting for the budget measure Thursday, describing it as “an economic blueprint that will put our economy back on track.”

    Another freshman in Congress, U.S. Rep. Mike Coffman, R-Aurora, said the budget, which he voted against, “taxes too much, spends too much, and it borrows too much. This budget will double our national debt in five years and triple it in 10 years.”

    Both of Colorado’s senators, both Democrats — Mark Udall and Michael Bennet — voted yes. Udall said he was “proud to support a spending plan that – through a combination of critical investments and honest budgeting – will help us begin to get our economy back on track.”

    bizjournals.com/denver/stories/2009/03/30/daily88.html

  98. Bridgewater: Just Say No to Geithner Plan

    April 2, 2009 9:30 AM
    By: Greg Brown

    Money management giant Bridgewater Associates will not take part in the new Treasury plan designed to get private investors to buy up toxic bank assets, the New York Post reports. According to the Post, Bridgewater founder Ray Dalio told investors in a note that the plan offered no significant leverage and, in his view, the government’s strategy is rife with conflicts of interest.

    Bridgewater Associates manages $71 billion and is exactly the kind of private fund that Treasury Secretary Tim Geithner must convince in order to make the plan work.

    The plan is expected to help banks overcome the weight of their toxic assets by giving hedge funds and mutual funds leverage — that is, to magnify the value of their investment — via government support. “When the program was first announced, we were originally interested,” Dalio told his investors, the Post reported. “However, as things now stand, very little leverage is actually being offered” on the older, toxic instruments on bank balance sheets. The leverage offered for so-called “legacy securities,” the note said, is 1-to-1. Other parts of the plan offer leverage of up to 12-to 1, of which Dalio was less critical. Dalio also questioned the plan to hire five managers to run everything. “The managers are clearly in a conflict-of-interest position because they have both the government and the investors to please and because they will get their fees regardless of how these investments turn out,” Dalio wrote.

    Banks might find their damaged assets more attractive than just a few days ago. This morning the Financial Accounting Standards Board voted to loosen mark-to-market accounting rules, which required the banks to value assets daily according to market conditions. The collapse in the financial system meant many of those assets were, in theory, worthless, regardless of the eventual real value of the home loans backing them up.

    The rule change allows banks to presume that the assets underneath the toxic mortgage bonds they hold will be sold in an orderly fashion. The new rules will begin immediately.

    moneynews.newsmax.com/streettalk/bridgewater_geithner/2009/04/02/198881.html

  99. U.S. taxpayers are being lied to, robbed

    Guest Column

    By ROYAL A. BROWN III
    Winter Haven columnist
    April 3, 2009

    Does anyone else feel like you have been robbed? My IRA funds are down more than 50 percent over the past year; my stocks have fallen 25 percent since November; the stock market, until just recently, was at its lowest point since 1997; and, finally, my home value is down more than 30 percent.

    In the meantime, the greatest destroyers of wealth ever – Nancy Pelosi, Harry Reid and Barack Obama – rushed to spend the taxpayers’ money on bailouts, a so-called “stimulus” plan and earmarks to an omnibus budget, putting my grandchildren at risk with more than $2 trillion in new debt in just 50 days.

    Quoting the late Dr. Adrian Rogers, a conservative author, “You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else.”

    We members of the middle class, who pay more than 60 percent of the total tax burden, also have been lied to regarding pledges not to raise our taxes. The so-called “cap-and-trade” taxes on carbon emissions will cost us all a great deal more money for power, transportation, food and anything else related to energy production. A recent MIT study shows that the average family will pay $1,600 to $3,000 more per year for power under President Obama’s proposal. The long-term capital gains taxes on any investments we sell after the Bush tax cuts expire on Jan. 1, 2010, will zoom back up to 20 to 28 percent. There also are plans to tax donations to charities by reducing tax deductions, and now the Democrats are talking about lowering deductions on home mortgage interest. If implemented, the card-check system that eliminates the secret ballot will make unionization of non-union companies much easier, and this will result in higher prices on union-produced goods and services.

    The Bush administration gave banks and financial institutions $350 billion in TARP funds and left Obama the other $350 billion. And what did this go for? It allowed banks and financial companies like AIG and Bank of America to buy up other banks and pay out billions of dollars in executive bonuses. They did this instead of granting more credit to the average, hard-working individual.
    Mortgage giants Fannie Mae and Freddie Mac, the major culprits in the U.S. housing crash with their guarantees of risky sub-prime loans to greedy lending companies and unqualified home owners, are now under government control, but help has arrived only for those who were irresponsible. Hard-working and responsible home owners who are paying their mortgages have not been helped. Only those who were irresponsible, bought expensive homes they could not afford, got behind on payments and whose loans (up to $700,000, I might add) are at risk of foreclosure will receive help.

    Obama promised more transparent government, an end to earmarks and responsible government spending – none of which has taken place so far. The 1,000-page, $800 billion Pelosi/Reid stimulus bill was rushed through without scrutiny and without most members of Congress having read it. These funds will stimulate little, fund every Democrat’s wildest spending dreams and lead to massive corruption with little help to the economy. The $500 billion omnibus budget is full of earmarks – 60 percent for Democrats and 40 percent for Republicans – and Obama signed it behind closed doors. Other bills have been signed without the promised five days’ posting on the Internet. All this wild spending is funded by printing more money. It will create more debt and will lead to a Jimmy Carter-like era of stagflation and minimal – if any – job creation.

    Obama’s “honeymoon” is a little more than half over. God help us if the Congress continues in the same manner. Wealth-killer Nancy Pelosi is already looking at another $1 trillion stimulus plan while she flies back and forth from Washington, D.C., to California in a jet furnished by the U.S. Air Force. In the meantime, hard-working middle class folks and the job producers besieged as the “evil rich” had better watch their pocketbooks. I suspect the rich in Hollywood, Chicago and other liberal bastions have already protected their money in offshore accounts. They sure don’t donate it to charity. Democrats have controlled Congress now more than two years. They and the president can’t keep blaming Republicans for all of our problems.

    Royal A. Brown III is a Winter Haven resident and occasional contributor to the News Chief’s opinion page.

    newschief.com/article/20090403/NEWS/904035005/1013/OPINION?Title=U-S-taxpayers-are-being-lied-to-robbed

  100. JanH, very interesting articles, particularly the Bridgewater one. Here is another:

    http://www.msnbc.msn.com/id/30040075

    The Obama administration is engineering its new bailout initiatives in a way that it believes will allow firms benefiting from the programs to avoid restrictions imposed by Congress, including limits on lavish executive pay, according to government officials.

    Administration officials have concluded that this approach is vital for persuading firms to participate in programs funded by the $700 billion financial rescue package.

    The administration believes it can sidestep the rules because, in many cases, it has decided not to provide federal aid directly to financial companies, the sources said. Instead, the government has set up special entities that act as middlemen, channeling the bailout funds to the firms and, via this two-step process, stripping away the requirement that the restrictions be imposed, according to officials. [snip]

    The administration has decided that the conditions should not apply in at least three of the five initiatives funded by the rescue package.

    This strategy has so far attracted little scrutiny on Capitol Hill, and even some senior congressional aides dealing with the financial crisis said they were unaware of the administration’s efforts. Just two weeks ago, Congress erupted in outrage over bonuses being paid at American International Group, with some lawmakers faulting the administration for failing to do more to safeguard taxpayers’ interests.

    Rep. Edolphus Towns (D-N.Y.), chairman of the House Oversight and Government Reform Committee, said the congressional conditions should apply to any firm benefiting from bailout funds. He said he planned to review the administration’s decisions and might seek to undo them. “We have to make certain that if they are using government money in any sort of way, there should be restrictions,” he said.

  101. Analysis: Congress maps rough path to Obama goals

    By ANDREW TAYLOR

    WASHINGTON (AP) — President Barack Obama emerged from this year’s congressional budget debate with a half-victory: a green light to pursue an overhaul of health care, accompanied by a rebuke over how to pay for it. Obama’s plan to tackle global warming fared worse. Nine Democratic senators broke with him on a symbolic but politically resonant vote to cut inheritance taxes. In short, Obama’s Democratic allies embraced providing health care to the uninsured, boosting education and promoting clean energy. But the second part of the equation — finding billions of dollars to finance his agenda without further exploding the deficit — suffered repeated setbacks in the Senate.

    Good thing he got his two-year middle-class tax cut and many education priorities done early, in February’s stimulus bill. Those successes came considerably easier because they were cast as an antidote to a recession that has devoured 5 million jobs. Still, Obama’s allies look upon the budget dance so far as a victory illustrated by the sizable votes this past week backing the companion House and Senate plans: a 233-196 tally in the House and a 55-43 vote in the Senate, where only two Democrats defected.

    “It’s a realistic blueprint for restoring the promise of the American dream — getting people back to work, ending our energy crisis, improving education for millions of students, and at long last achieving the goal of quality, affordable health care for all Americans,” said Sen. Edward Kennedy, D-Mass.

    But Rep. Paul Ryan, the top Republican on the House Budget Committee, said in his party’s radio address Saturday that the U.S. is in an economic crisis and the president’s plan “will make the crisis much, much worse. Rather than getting spending under control, it sends spending out of control.”

    After a two-week spring vacation, lawmakers will try to merge the rival plans into one in late April. That will set the stage for later debates to put in place the goals in the nonbinding spending outline. They broadly track Obama’s agenda and promise action on many of his priorities. But not all.

    Democrats took pains to make sure their responses to Obama’s ambitious budget left out contentious proposals. They include auctioning permits for polluters to emit greenhouse gases or reducing the tax benefits that wealthier people take on itemized deductions such as charitable gifts and mortgage interest.
    House Speaker Nancy Pelosi, D-Calif., said she won’t bring up a global warming bill until Democrats find an approach they can agree on. That might not happen this year.

    A survey taken March 25 by the Gallup Poll showed that 39 percent of respondents had positive views of Obama’s budget plan and 27 percent had negative views. That was slightly worse than a poll taken just after the budget’s release in February. Several votes taken in the Senate during last week’s debate further eroded Obama’s position.

    On health care, the Senate voted 94-3 against lowering the tax benefits available to wealthier people taking advantage of deductions on charitable contributions. Obama wanted to have people in the upper brackets limited to a 28 percent deduction on itemized deductions instead of a maximum rate of 35 percent. That was projected to raise $318 billion over 10 years to pay for health care changes. Obama’s global warming initiative, which relies on an approach that mean higher utility bills for consumers, lost several important votes. One was a 67-31 vote against allowing a future global warming bill to pass the Senate with fewer than 60 votes. Nine Democrats broke with their leaders to vote for cutting taxes on multimillion-dollar estates. The 51-48 vote endorsed a nonbinding plan by Sens. Blanche Lincoln, D-Ark., and Jon Kyl, R-Ariz., to exempt estates up to $10 million from the estate tax, and taxing estates at a 35 percent rate instead of the $7 million exemption and 45 percent rate proposed by Obama.

    “Certainly there are some storm clouds here. I think his budget so far has remained intact but there is some resistance to the specifics,” said Robert Bixby, executive director of the Concord Coalition, a budget watchdog group.

    Despite uncertainty about the future, Obama has claimed significant victories: a $400 tax cut for most workers and $25 billion in the stimulus bill for economically disadvantaged students and special education. The measure also raised the maximum Pell Grant by $500.
    “He’s on track,” said Thomas Mann, a senior fellow at the Brookings Institution. “He got what he needed to fight another day. He didn’t get any guarantees of victory down the road.”

    google.com/hostednews/ap/article/ALeqM5h6neVC7v_vFneKv4BddcuMaJIr5wD97BM2180

  102. “The administration believes it can sidestep the rules”

    —————————-

    Admin,

    I want a bumper sticker that says: “The Obama administration believes it can sidestep the rules over and over and over again!”

  103. The way things are going, maybe they should just get rid of the U.S. Constitution. The dims certainly have no respect for it.

  104. Well a few people are waking up to the fact that Obama is the front man for “Big Money”

    “Larry Summers, Tim Geithner and Wall Street’s ownership of government”

    ww.salon.com/opinion/greenwald/2009/04/04/summers/index.html

  105. SHV,

    Add this guy to the bunch…

    He makes $1.7b amid credit crisis

    THE current financial crisis may have dwindled the fortunes of many in Wall Street, but Mr George Soros is one among a handful who still made money – about US$1.1 billion ($1.7 billion) of it.

    Mr Soros, who predicted the global financial crisis twice before, and was one of the few people to anticipate and prepare for the current economic collapse, was not even at the top of a list of those who made money in these doom times. That honour went to former maths professor James H Simons,who has made billions in hedge fund Renaissance Technologies, and raked in US$2.5 billion running computer-driven trading strategies.

    In an interview with The Australian, Mr Soros, 78, said he has ‘been writing a lot more than I was writing before because the crisis really stimulated me’.
    His prediction meant he was better able to brace his Quantum investment fund against the global storm. 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 a total of US$2.9 billion.
    Mr Soros is one of 25 top hedge fund managers from across Wall Street who have defied the credit crunch crisis to reap a combined total US$11.6 billion last year.

    How they made their profit:

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

    Second on the list is Mr John A Paulson, who made his fortune by betting against the housing market, earningUS$ 2billion.

    The managers made the profit in a year when losses were recorded at two of every three hedge funds and when hedge funds lost an average of 18 per cent, according to the New York Times.

    Two of the three managers who tied for ninth place, at US$250 million, are based in Britain and include David Harding of Winton Capital and Alan Howard of Brevan Howard Asset Management. Another Brevan Howard employee, Mr Christopher Rokos, also made the list.

    The profit comes at a time when the US government is scrutinising Wall Street pay and when hedge funds are facing proposals for new taxes on their gains. Despite the global financial crisis, the combined pay of the top 25 hedge fund managers still managed to top every year before 2006. Mr Paulson said his pay was high, partly because he is the largest investor in his fund and that he did not receive a bonus. He said the pensions,endowments and other institutions which invest in his fund do not object to the profits he and his team make. ‘In a year when all their other investments lost money, we’re like an oasis,’ he said in The Times. ‘We have investors who were invested with Madoff, and they can’t thank me enough.’

    business.asiaone.com/Business/News/My%2BMoney/Story/A1Story20090327-131501.html

  106. And all of those hedge funds have Summers minding the Obama store for them. Last year, one fund paid Summers $5.2 million for part time work and he received another $2.7 million in bribes (speaking fees) from other Wall Street firms.

  107. Obama makes presidential pitch for 2016 Olympics

    April 4, 2009
    BY LISA DONOVAN

    Describing Chicago as an international city that he and his wife and children call home, President Barack Obama in a video welcomed Olympic evaluators here today to begin the task of grading whether the city is ready to host the 2016 games.

    Obama, who remains overseas, described a city that grew up under architect Daniel Burnham’s refrain — used a lot in the city’s bid for the games — “make no small plans, they have no magic to stir the soul,” and called the city a great American melting pot. “It’s a city where the world’s races and religions and nationalities all live and work and play and reach for the American Dream that brought them here; where our civic parades wave the colors of every culture; where our classrooms are filled with the sounds of the world’s languages,” he said, noting that jazz, ranchera and bhangra can be heard “down the street from one another.” But beyond that, the President told the 13-member International Olympic Committee’s evaluation commission, Chicago is his home. “After your visit, once you discover the Chicago that I know — the city that I made my home, the city where my wife grew up, the city where we raised our daughters just blocks from where these games will be held — I am confident you will discover that you’re already in the perfect host city for the 2016 Olympic and Paralympic Games,” the President said.

    Reporters watched the video in a screening separate from the meeting between Chicago 2016 officials, Mayor Daley and the IOC evaluation team. Officials said the proceedings were closed to the press at the wishes of the IOC, which will examine over four days everything from sporting venues to the city’s transit system. It was unclear when Obama recorded the video. But in it, he talks about how the 2016 games in Chicago could “stir the soul” of the entire globe. Chicago 2016 officials now use the slogan, “Let friendship shine,” dropping the old “Stir the soul” slogan after organizers realized its translation in several languages could be interpreted as “Stir the innards,” a Chicago 2016 official said.

    While Chicago is the first to be evaluated, the IOC team will also be grading finalist cities Rio de Janeiro, Madrid and Tokyo.

    Today’s closed-door discussions will focus on environmental issues, transportation, proposed sporting venues across the city, and the Olympic Village planned for the Michael Reese Hospital campus in the 2900 block of South Ellis. The IOC evaluation commission will tour the venues and Olympic Village site on Sunday. By the time they wrap up their work on Tuesday, the group will be prepared to report back to the 100-plus members of the IOC, which will vote on a host city for the games on Oct. 2 in Copenhagen.
    It was unclear just when Chicago will start talking about money. At an international sporting conference in Denver last week, Ryan said he and others will go into “granular detail” with the evaulation team about funding the games.

    The $4.8 billion pricetag has raised the ire of some, including the “No Games Chicago” group, which protested in the Loop Friday amid concerns about the economic downturn and whether taxpayers will foot the bill. Pat Ryan, Chief Executive Officer of Chicago 2016, says that won’t happen, and that boosters will be seeking private donations if the city wins the bid. Chicago 2016’s financial safety net includes a $450 million “rainy day fund;” as much as $375 million in IOC cancellation insurance; another $500 million in insurance coverage; and a “last-resort” $500 million guarantee of taxpayer money from the City of Chicago.

    Unlike Chicago, the other three finalist cities have national government guarantees backing the entire costs of their bids.

    suntimes.com/sports/olympics/1511444,ioc-tour-chicago-obama-olympics-2016-040409.article

  108. # JanH Says:
    April 4th, 2009 at 6:13 pm

    and just how much is going into obama’s own big pockets?
    **********
    He is a sociopath..I don’t think money means that much to him…MO is a different story.

  109. Admin: The following article in The Swamp calls to mind a convention familar to anyone who has done business with the land of the Rising Sun. Attorney Jim Thomas calls the Japanese the finest negotiators on earth. Having worked for them in my early career I agree and will also vouche for that and the rest of what he on that subject:

    Their skill at bargaining comes from two imperatives–saving face and maintaining the “wa” i.e. harmony of the group. The Japanese never say no even when they mean no. Instead they say yes, with a condition so extavagant that it will be rejected by the other side.

    For example, a Japanese “no” looks like this: we are delighted and honored to give you everything you request. In exchange however we will require your first born child.

    The other day you mentioned the possibilty that the bluedogs have something up their sleeve, and if so then they have more courage than the republicans congress had when the previous nut was in office. The question is what is it. It may well be yes to your funding bambi PROVIDED you can come up with the funding.

    In other words, a Japanese “no”.
    ——————————-

    by Janet Hook (from The Swamp blog)

    The broad outline of the $3.5-trillion spending blueprint that Congress approved this week hews closely to President Obama’s spending targets and pays homage to his ambitious agenda.

    But the fine print contains a sobering warning about his marquee initiatives on healthcare, energy, education and economic recovery.

    Congress’ message: We can’t do it all at once.

    Both the House and Senate budget resolutions, which set guidelines for future spending, give the green light to a sweeping overhaul of the healthcare system, but only if the president comes up with an acceptable way to fund it. The resolutions do not block action on Obama’s global warming initiative, but a bipartisan coalition has dashed administration hopes of moving it on a fast track.

    And the Democratic majorities in the House and Senate will probably eventually appropriate what Obama needs to shore up the banking and financial system, but their budget writers refused to set aside in the resolutions the $250 billion he wanted for that contingency.

    “In Congress, they are saying: ‘Mr. President, this is more than the political traffic will bear,’ ” said William A. Galston, a political analyst at the Brookings Institution. “They are not prepared to say no to Obama, but they haven’t figured out how to say yes.”

  110. MO is a different story
    ———————
    A gal should never hustle
    With a pick and axe
    To DIG for gold
    That isnt her game
    (Except in the White House garden
    In a black silk negligee
    With a lambswool scottish cardigan
    And redwing construction boots)
    She finds the thief thats got it
    And she gets that thief
    Mo’s gonna file her claim

    From The River of No Return)

  111. I have reread 1984 twice in the past year.

    This evening I watched the Manchurian Candidate.

    Prophetic and chilling. The difference between Chandler and BO is that BO would never sacrifice himself for the country.

  112. So another title for Janet Hook’s column might be…

    When is a win not a win?

    Or as David Clayton Thomas of Blood, Sweat & Tears so eloquently put it:

    Talkin’ ’bout your troubles
    It’s a cryin’ sin
    Ride a painted pony
    Let the spinning wheel spin

    You got no money
    You got no home
    Spinning wheel
    All alone
    Talkin’ ’bout your troubles and you
    You never learn
    Ride a painted pony
    Let the spinning wheel turn

  113. David Clayton Thomas of Blood, Sweat & Tears so eloquently put it:
    —————————————
    Thats good Jan. Was he Canadian?

  114. You look at Huffington Post and the comments. When it comes to judgment they are dumber than owl shit, including their snarky namesake.

  115. I have been a big supporter of Rep Kendrick Meeks who really stood by Hillary during the election . However, his last e-mail invited me to a fund raiser with guest “James Clyburn”! I would like to go , but I don’t think Rep. Meeks would appreciate my “support” after as I would definitely give a ear-full to race baiter Clyburn, who imo, was very responsible for Hillary losing the nomination.

  116. jbstonesfan:

    The best way would be for you to write to Meeks/or ask to speak personally with him and say that you would never ever meet a RACE-BAITER!!!!!!!! And Clyburn IS THE BIGGEST RACE BAITER……followed by the TOTUS.

  117. SHV Says:
    April 4th, 2009 at 5:16 pm

    And all of those hedge funds have Summers minding the Obama store for them. Last year, one fund paid Summers $5.2 million for part time work and he received another $2.7 million in bribes (speaking fees) from other Wall Street firms.

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

    Bill Clinton accepts speaking fees too — from foreign countries, quite a lot of them. Some people call them bribes; would you? Summers was the Clintons’ last Treasury Secretary; he’s one person in Obama’s cabinet that may have some loyalty to HIllary and be a possible ally for her against Obama.

  118. To others bashing Summers and Geithner (also a Clinton Treasury person) — if they were fired, do you really think Obama would choose anyone better?

    Obama is a Wall Street puppet. He will choose other Wall Street people. Summers and Geithner are the best case, not the worst case — which is what we’ll get if Axelrod succeds in making Summers and Geithner scapegoats. This is an efficient ploy of Obama: his WS friends get the money; Hillary’s friends get the blame; Hillary loses rare allies from her old Treasury.

  119. Good ole Joe B was certainly correct when he said Bambi would be tested early, but I don’t think “know it Joe” expected the N. Koreans to act so defiantly and recklessly this early. G-d help us when Iran is close to “testing” their “satellite”, as I have a feeling Bibi and Barak will prempt that attempted “test” unlike our great leader.

  120. Well . . . . lets put it this way . . . . if I were in the North Korean’s shoes and was looking at a faux leader like Obama who projects weakness and naivetee whenever he opens his mouth, I just might have chun king chowmein with him (euchh) and then launch a missle or two at a satellite just to see how he reacts.

    But that is probably just me. I like a good old fashioned villian–one who looks me in the eye and promises to kill me–like the NK leader, far more than I like one who pretends to be my friend and then stabs me in the back–like Mr. Obama. I guess what I am saying is I prefer an honest villain to a dishonest one–is that too much to ask for?

  121. I went to the grocery store twice today. This happens when you cant remember where you were a few hours ago. But on one of those trips I ran into one of my friends who runs the cold cut section.

    We have a common understanding that Bambi is an unmitigated disaster, and the world is divided into two parts: those who know that already, and those who will find out the hard way.

    I could hardly wait to tell him about how Bambi got shivied into relinquishing our soverignty in the area of economic regulation and oversight, and he cut me off abruptly and said you mean that communique–its all over the internet. All I could say in response was hallelluja, and Bambi keep your damned hands off the internet.

    He then asked me to show cause why the New York Times should not be legally required to make an FEC filing as an Obama lobbyist. I commended him for being much smarter than Bill Burton. Whereupon, he took offense, and told me that Burton is an opinionated asshole, not very smart, and ever since Megan Kelley at Fox ripped him a new one he walks around with a limp like Walter Brennan.

  122. The best way would be for you to write to Meeks/or ask to speak personally with him and say that you would never ever meet a RACE-BAITER!!!!!!!! And Clyburn IS THE BIGGEST RACE BAITER……followed by the TOTUS.
    —————
    I concur. The Wilentz article would provide some backup.

  123. when Iran is close to “testing” their “satellite”, as I have a feeling Bibi and Barak will prempt that attempted “test” unlike our great leader.
    ——————————-
    The mullahs will be a test’n, an’ bambi he be a bow’n (practicing his deep knee bends), and the north korean leader he be a laugh’n. So far eveyone’s happy.

    But happiness never lasts because soon enough Bambi will rear back with tele in hand an’ give us one of doz humdinger hot air speech entitledes. The title will be why can’t we all just get along. And he will practice his John Barrrymore profile for the camera.

    As a friend of mine used to say the road to progress is seldom a straight line. Well here we are talking not about progress or a straightline, but when his bad act will get the vaudville hook– before or after disaster strikes?

  124. A wonderful question for the malignant dwarf when the room is silent:

    Q: Does your husband feel any responsibilty for this economic meltdown given the fact that he was Chariman of the Federal Reserve when Wall Street was creating the derivative mess which caused the meltdown in the first place?

  125. Debbie Wasserman Schultz shows steely resolve in grueling cancer battle

    A hectic workload. A young family. And seven cancer surgeries. But Wasserman Schultz keeps going.

    By Liz Doup | South Florida Sun-Sentinel
    April 5, 2009

    Amid the before-school chaos, U.S. Rep. Debbie Wasserman Schultz restyles her 5-year-old’s pigtails in their Weston home. “I don’t give up,” she says quietly to Shelby. “We do it until it’s straight.” Pigtails. Politics. And, yes, breast cancer. At 42, Wasserman Schultz approaches nearly everything with the same steely resolve.

    For two weeks, she’s hit the stump, talking about her breast cancer battle.The seven surgeries, including a double mastectomy. The nearly nonstop work pace. And how she kept it all quiet from her children — and constituents and colleagues, telling only about a dozen people, including family and staff.
    While having one surgery after another, she surfaced frequently on TV, her curly blond mane hard to miss. She relentlessly campaigned for Hillary Clinton and Barack Obama. And as a vice chairwoman of the Democratic National Committee, she routinely works the news-show circuit, waving the party flag. In the House, she’s chief deputy whip and known for pushing her causes, including children and education.

    Breast cancer gave her yet another cause. She just unveiled legislation for an education campaign geared to young women, because breast cancer is more common in older females. Friends and family point to her work ethic and laser-like focus to explain how she juggles it all. And there’s a stubborn streak that makes failure unacceptable.

    “She’s unyielding, I’ll say that,” says Republican John Thrasher, who battled with her as House speaker in the Florida Legislature. “But her tenacity will carry her through this.” Kendrick Meek, a Miami Democrat who serves with her in the House, adds: “She’s small, but don’t let her size fool you. Debbie sleeps with her fists balled up. She’s a fighter.”

    In the past year, Wasserman Schultz needed that tenacity. At times she cried because of searing pain. But only once out of fear. Fear for Shelby and the 9-year-old twins, Jake and Rebecca. “It was like getting hit with an anvil,” she says of the December 2007 diagnosis.
    “The first thing I thought about was my kids. Am I going to be around?” But thoughts about cancer didn’t consume her. “I remember how she was only half out of anesthesia and she was on the BlackBerry,” says her brother, Steve Wasserman, an assistant U.S. attorney in Washington, who was with her during the mastectomy.

    Nine days after that surgery in February 2008, she hosted a fundraiser for House Speaker Nancy Pelosi, while getting pain medication from a pump hidden in her purse. “I didn’t talk about it — I didn’t want to talk about it,” she says, referring to the cancer. After a doctor removed the lump in her right breast, tests showed a genetic mutation putting her at high risk for a recurrence of breast or ovarian cancer. She didn’t hesitate. Her breasts and ovaries had to go. And, yes, she mourned her breasts.
    “But when it comes to breasts or survival, I’ll take survival,” she says.
    And besides: doctors added a bit more than nature had provided. “My silver linings,” she jokes.

    Wasserman Schultz didn’t have radiation or chemotherapy. But for at least the next five years she’ll take the cancer-fighting drug Tamoxifen. “I’m fine,” she says. “I’m going to be here for their weddings — everything.”

    Like her mother, Ann Wasserman, who works in retail sales, Wasserman Schultz is diminutive. At 5 feet 2 and 115 pounds, she’s easily missed in a crowd. So she makes sure her voice is heard. She learned that from her mother who “didn’t like to be taken lightly,” her brother says. “To some extent, Debbie takes her cues from her.”
    At times Wasserman Schultz’s strong voice turns emotional. She wept when she revealed the cancer at a news conference two weeks ago. “I was thinking about all the people who helped me get through this,” she says.

    Her husband, Steve Schultz, has always been supportive. And not just with her illness. Schultz knew he was marrying into politics. Wasserman Schultz was a legislative aide when they met. When he showed up 90 minutes early for their first date, she filled time by talking about the death penalty. He even encouraged her to think about running for the U.S. Senate. No way, she says. Too much travel away from the kids.
    Their marriage paired two opposites, and for 18 years it’s worked. He’s vice president of the loan department at Community Bank of Broward and more conservative than his wife.

    continued at…

    sun-sentinel.com/features/health/sfl-wasserman-schultz-cancer-a04pnapr05,0,4362462.story

  126. Japan Condemns North Korea’s Rocket Launch

    By Steve Herman
    Tokyo
    05 April 2009

    Japan has called for an emergency session of the United Nations Security Council to discuss North Korea’s rocket launch, which it and others say violates U.N. resolutions. Japan considers the launch, which traveled over its territory, extremely provocative.

    North Korea defied demands from Japan, South Korea and the United States not to go ahead with a planned launch of what Pyongyang claims is an experimental communications satellite.

    About 4.5 hours after the rocket’s launch, North Korea announced the satellite was smoothly orbiting the Earth, transmitting data and melodies praising the nation’s late founder Kim Il Sun and his son, current leader Kim Jong Il.

    The United States says North Korea launched a Taepodong-2 missile that flew into the Pacific Ocean over northern Japan. The U.S. State Department says Secretary Hillary Clinton discussed the implications of the launch in a telephone conversation with her Japanese counterpart, Hirofumi Nakasone.

    The Japanese government, which had gone on high alert in case any debris fell on its territory, says the first rocket booster dropped into the Sea of Japan 13 minutes after the launch (at 11:30 a.m. local time) about 280 kilometers off Japan’s western shore. The second stage dropped in the Pacific Ocean. The Japanese Coast Guard has dispatched vessels to attempt to locate and retrieve any rocket debris in the water.

    Japan’s Defense Ministry says its forces made no attempt with specially-deployed interceptors to shoot down the rocket or any possible wayward falling parts during the seven minutes flight over two northern prefectures (states) – Akita and Iwate. Japanese Prime Minister Taro Aso says the launch is an extremely provocative act Japan cannot ignore. Mr. Aso says North Korea had been warned by Japan and other nations, especially the United States and South Korea, not to conduct the launch. Therefore, he says, Japan wants to respond in cooperation with the international community to demonstrate the launch clearly violates U.N. Security Council resolutions.

    Japan immediately called for an emergency Security Council session to begin behind closed doors at 1900 UTC.
    Japan’s government says even if North Korea actually put a satellite into space, the launch still violates U.N. actions forbidding Pyongyang from conducting further ballistic missile development.
    Japan is also planning to act on its own to extend economic sanctions by one year against North Korea. The Japanese sanctions, which are due to expire next week, followed a previous North Korean ballistic missile firing and a nuclear test, both in 2006.

    Japan’s Foreign Ministry says a protest has been sent to Pyongyang by way of the Chinese government. Japan and North Korea have no diplomatic relations.

    Following the North Korean launch, U.S. President Barack Obama, speaking to reporters in the Czech Republic, called North Korea’s missile program a threat to countries “near and far.” The President, who says he was awakened with news of the launch, called Pyongyang’s action a move that will further isolate North Korea from the community of nations.

    voanews.com/english/2009-04-05-voa7.cfm

  127. We would hope it isolates them. But hope is one thing and reality is somethig else. North Korea will soon join the nuclear club, and acquire the clout which only the acquisition of a nuclear weapon can achieve. This will give them clout they would not otherwise have and is a source of pride to many people in South Korea–particularly the youth. And if there is a breakdown in the world economic order as some have predicted it will put them in a stronger position. The only thing missing is a charismatic leader whom big media can glom unto not because he is good, not because he is capable but because he is charismatic in their opinion. He could hire Axelrod, and the rest would be history–as would Japan. At that point Japan could seek shelter under the China umbrella and the more big media claims this is impossible the more I believe it is inevitable. This is a destabilizing development, and Obama has neither the balls or the inclination to do anything about it besides speechify–which is a joke. And, predictably, our enemies in the far east will measure his willingness to contain and disarm Iraq by the same standard. If it is to be done, Israel and Egypt must do it. If they do, then Rice can tell the UN it is okay, and that would be the Obama contribution–just words.

  128. Anyone else think it would be better to post the link and a short excerpt to most articles instead of the entire text?

  129. MORE DISTRACTION FROM THE PRES:

    The man loves to hear himself talk. And the lefties crave red mea…extra firm tofu. obama doesn’t want to seem helpless against North Korea, but let me guess, the action following any tough talk will be the same “action” we always see from obama: more talk, more promises of “action”.

    To put up that fifth head on Mt. Rushmore, obama “talks of a nuclear-free world”. The AP reports it that way. But the article then quotes him as saying “it probably won’t be in my lifetime”. Still, the AP can’t help but warm his testicles by framing it as another bold move. Here’s the link:

    yahoo.com/s/ap/eu_obama

    Obama outlines sweeping goal of nuclear-free world
    ======================================

    By JENNIFER LOVEN, AP White House Correspondent Jennifer Loven, Ap White House Correspondent – 6 mins ago

    PRAGUE – Declaring it “matters to all people everywhere,” President Barack Obama promised on Sunday to lead the world into a nuclear-free future, giving a hawkish edge to a peacenik pursuit even as North Korea upstaged him with the launch of a long-range rocket that theoretically could carry a warhead.

    Obama made his pledge before 20,000 flag-waving Czechs outside the gates of picturesque Prague Castle. He chose a nation that peacefully threw off communism and helped topple nuclear power Soviet Union as the backdrop for presenting an ambitious plan to stop the global spread of dangerous weapons.

    “Let us honor our past by reaching for a better future,” Obama said.

    Shifting on an eight-day European trip from the economic crisis to the war in Afghanistan and now nuclear capabilities, Obama said his goal of “a world without nuclear weapons” won’t be reached soon, “perhaps not in my lifetime.”

    But he said the United States, with one of the world’s largest arsenals and the only nation to have used an atomic bomb, has a “moral responsibility” to start taking steps now.

    It is not only a lofty goal. Gary Samore, Obama’s arms control coordinator, said the plan has a strategic aim: to give the U.S. extra leverage in opposing the pursuit of nuclear arms in adversarial countries such as North Korea and Iran. “We are trying to seek the moral high ground,” Samore said.

    Devoting an entire speech to the longtime “no nukes” cause of the political left is more popular in Europe than in the United States. Obama signaled he would allow not allow America to become more vulnerable, saying that surrendering nuclear weapons must be a global all-for-one, or not-at-all, endeavor.

    “Make no mistake: As long as these weapons exist, we will maintain a safe, secure and effective arsenal to deter any adversary, and guarantee that defense to our allies,” he said.

    He also gave his most unequivocal pledge yet to proceed with a missile defense system in Europe while Iran pursues nuclear weapons, as the West alleges. That shield is to be based in the Czech Republic and Poland. Those countries are on Russia’s doorstep, and the move has contributed to a significant decline in U.S.-Russia relations.

    In the interest of resetting ties with Moscow, Obama previously had appeared to soft-pedal his support for the Bush-era shield proposal. But he adopted a different tone in Prague.

    “As long as the threat from Iran persists, we will go forward with a missile defense system that is cost-effective and proven,” Obama said, earning cheers from the crowd.

    This was in part a message to Russia, which has balked at using its influence to press Iran to drop its nuclear pursuits.

    North Korea’s launch, in the works for weeks, could not have been better timed to achieve the reclusive communist country’s goal of grabbing attention.

    An aide awoke Obama in his Prague hotel room to tell him of the launch in the early morning hours here. By lunchtime, the president had addressed it publicly nearly half a dozen times.

    North Korea claimed it had sent up a satellite, not a missile. The West says it hardly matters because such a rocket presumably could carry a warhead into Japanese, South Korea or even U.S. airspace. North Korea declared the launch a success, saying an experimental communications satellite reached outer space. But the U.S. military said “no object entered orbit.”

    Obama said the North Korean action served only to underscore the need for the actions he outlined.

    “Rules must be binding,” he said. “Violations must be punished. Words must mean something.”

    “Now is the time for a strong international response,” he said.

    He offered few details of how he would accomplish his larger goal, which has eluded presidents and foreign policy lions, including Ronald Reagan, George Shultz and Henry Kissinger.

    Obama acknowledged this. “In a strange turn of history,” he said, “the threat of global nuclear war has gone down, but the risk of a nuclear attack has gone up.”

    To combat the risk from countries, and possibly terrorists, with nuclear weapons, Obama said he would:

    _”immediately and aggressively” seek ratification of the Comprehensive Nuclear Test-Ban Treaty, which he may not get. Signed by former President Bill Clinton, it was rejected by the Senate in 1999. Overall, 140 nations have ratified the ban. But they include only 35 of the 44 states that possess nuclear technology, and the United States is the most prominent holdout.

    _host a summit within the next year on nuclear weapons.

    _undertake a new international effort to secure all vulnerable nuclear material worldwide within four years.

    _try to strengthen the Nuclear Non-Proliferation Treaty by providing more resources and authority for international inspections and mandating “real and immediate consequences” for countries that violate the treaty.

    _pursue by the end of the year a new treaty with Russia to reduce the two nations’ nuclear arsenals.

    _seek a new international treaty that verifiably ends the production of fissile materials intended for use in state nuclear weapons.

    _build a new framework for civil nuclear cooperation, including an international fuel bank, so countries can access peaceful power without increasing the risks of proliferation.

    Obama spoke after conferring with Czech leaders, including Prime Minister Mirek Topolanek, just two weeks after his government collapsed. Topolanek is remaining in office until President Vaclav Klaus names a replacement. Obama also participated Sunday in a hastily arranged U.S.-EU summit; the Czech Republic holds the rotating presidency of the European Union.

    As he has throughout the trip, Obama emphasized priorities that closely match Europe’s, such as promising to tackle climate change. But he had requests as well. He asked European nations to accept detainees from the Guantanamo Bay prison, which he has ordered closed, and to bring in Turkey as a member of the European Union to send a positive signal to the Muslim world.

    After a chat with playwright and former Czech president Vaclav Havel, the leader of the 1989 Velvet Revolution, Obama looked ahead to his next stop, Turkey.

  130. TONIGHT ON WRGB: ANOTHER EPISODE OF “AS THE BOTS SEETHE”:

    From the above AP article:

    In the interest of resetting ties with Moscow, Obama previously had appeared to soft-pedal his support for the Bush-era shield proposal. But he adopted a different tone in Prague.

    “As long as the threat from Iran persists, we will go forward with a missile defense system that is cost-effective and proven,” Obama said, earning cheers from the crowd.
    &&&&&&&

    I’m not saying that Russia should be dealt with in a completely candid manner; they are a bunch of bad actors with a poor reputation. I just don’t think obama knows how to play his cards.

    So, bots… When you cast your vote for “this guy”, you didn’t think he’d eliminate nukes. But at least you thought:

    “Can’t wait for the US to finally get rid of Reagan’s Star Wars SDI fantasy, and only a true liberal, a true Democrat, could do it. That man is Barack Obama, a man of peace. Who voted against the Iraq war, or he would have if he had a job that would have let him vote on it. But he gave a speech on it, I think…No, maybe not even that. I think he gave a speech on it later that ‘My position in 2002/3 would have been to not authorize the president to go to war’. So yeah, Obama!!! Let’s ring in World Peace, man.

  131. “As long as the threat from Iran persists, we will go forward with a missile defense system that is cost-effective and proven,” Obama said, earning cheers from the crowd.
    &&&&&&

    Reporter from RGB Times asks Obama: Sir, your quote from Prague, is “cost-effective” and “proven” missle system that one that over-ran its project budget costs by a factor of 20, and was proven to “work” when it finally hit its test target after the 30th try, in a completely rigged test scenario?
    Obama: Yes, and yes. That missle defense system.

    O

  132. Obama siad:
    “As long as the threat from Iran persists, we will go forward with a missile defense system that is cost-effective and proven,” Obama said, earning cheers from the crowd.

    ===========

    First catch your “cost-effective and proven”? Hillary offered to back off on a missile shield if Russia would make Iran back off on their nuke. Then idiot Obama came out and said that bargaining chip, er, that missile shield didn’t work anyway.

  133. # basil9 Says:
    April 5th, 2009 at 9:53 am

    Anyone else think it would be better to post the link and a short excerpt to most articles instead of the entire text?
    &&&&&&&

    Guilty, with an explanation.

    Sometimes, with certain PCs, at certain times, going to a different web page (following the link) can take quite a long time, longer than scrolling down to the next post.

  134. Letter to RBG Times:

    Probably it’s a hedge for “if and when we ever get one cost-effective and proven.”

    ANd how the hell do you figure ‘cost-effective’? What cost is ‘effective’ for saving how many lives from a missile? It’s a typical Obama sound-good promise that when examined means nothing.

  135. What bambi says on international affairs is a bore to most Americans, other than a few key relationships which many of us are invested in.

    The key thing people are worried about now is bread and butter issues. Not esoteric ones.

    Do I or will I have a job, an income and where will this economic collapse leave me.

    He can speechify about these things, or give away US soverignty as he has, but nobody seems to be paying much attention to that end.

    They are focusing on one question only: what is to become of me?

    My point is simply this: it is a waste of time for this jackass to be trapsing around the world pretending he is something that people in the know know he is not.

    He needs to stick around home and make some attempt to govern.

  136. RGB, Jan,

    I’m not naming names. LOL!

    But I’m wondering if frequent super-long cut-and-pastes sometimes impede the flow on the thread. OTOH, it’s equally possible that my distracted reading/posting habits are at fault.

    Just thought I’d offer food for thought.

  137. RGB,
    I know what you mean. Luckily for me I have high speed cable.

    ‘Sometimes, with certain PCs, at certain times, going to a different web page (following the link) can take quite a long time, longer than scrolling down to the next post.’

    OTOH, I used to cut and paste excerpts from long web articles and it’s way time-consuming so, being the lazy slob I am, I don’t do it much anymore.

  138. Monica Crowley on McLaughlin just now said that despite the “impressive” $1.1 trillion commitment to IMF, a lot of it is a restatement of previously agreed to deals. But the world leaders wanted “news” to come out of the G20 conference, like they were there to “do” something, aside from photo-op’ing.

  139. China’s FM calls Clinton, expresses concern over Chinese victims inU.S. shooting rampage

    2009-04-05

    BEIJING, April 5 (Xinhua) — Chinese Foreign Minister Yang Jiechi made a phone conversation with his U.S. counterpart Hillary Clinton on Sunday, expressing concerns over Chinese nationals killed and injured in Friday’s Binghamton shooting rampage.

    According to preliminary investigation results, four Chinese women were among the people killed in the shooting and another Chinese national was injured. “This was a very serious incident and the Chinese government is deeply concerned about it,” Yang said.
    “We grieve over the death of the Chinese nationals and other victims, and our condolences go to the injured people as well as the victims’ families,” he said. China hopes the United States will properly handle the matters concerning the Chinese victims, offer immediate medical treatment to the injured Chinese, and provide the victims’ families with timely and sufficient assistance as well as convenience to get visas to America, Yang said.

    The Chinese Embassy and the Consulate-General in New York are both making urgent contacts with the U.S. side over the issue, he added. Yang also urged the U.S. to take necessary measures to ensure the safety of the Chinese nationals and their properties in the United States.

    Clinton, for her part, extended condolences to the Chinese victims and their families. She said the shooting was a tragedy and investigations have been underway into the cause. The United States will be serious with China’s requests, she said, pledging all efforts to offer medical treatment to the injured Chinese and to provide the victims’ families with timely and comprehensive assistance to get visas to her country.

    Thirteen people were killed and four others wounded Friday in the shooting spree by a lone gunman at an immigrant services centre in downtown Binghamton, New York. Binghamton Mayor Matthew Ryan described the shooting as “a tragedy that affects many different people from many different countries and their families and friends.” There have been inquires from nine different countries and two different consulates, Ryan told a press conference.

    xinhuanet.com/english/2009-04/05/content_11136173.htm

    ……………………………….

    And whereas obama’s comments don’t hold any comfort for me and seems like amateur lip service, Hillary’s concerns about every little corner of the world amazes and reinforces my support in her.

  140. Eleanor Clift was trying to explain obama’s limitations by saying, “President Obama is NOT the president of the world”. So what’s with the town hall for people in other countries? obama is desperate to seem like King of the World.

  141. Probably it’s a hedge for “if and when we ever get one cost-effective and proven.”
    ——————-
    This is an attempt to paper over the confusion which has existed on this issue which began with his promise to Poland, his subsequent retraction, the accustation by Poland that he lied and now this. It is as Hemmingway said a moveable feast–and it never stops moving.

    One thing they used to say about the Navy is that it is always fighting the last war. This tendency was true of course and the court marshall of Billy Mitchell–the army man who predicted world war II and the destruction of the battleship is one indication of this.

    Star wars missle defense systems are a potential deterrent to countries like Iran and North Korea who have terrorist ambitions and have or soon will have nuclear weapons. This assumes of course that they can be proven to work which has yet to be done.

    But the larger problem is the scaling down in the level of violence. In other words, they are not effective against a single terrorist with a dirty bomb. That threat will not be deterred. The only answer is interdiction as far from the origin as possible so that if the first attempt at interdiction fails there will be time and opportunity for another.

    That is a matter of good intelligence work, and good cooperation with allies. The missile defense is not a critical factor and could actually be a distraction, especially if it cannot be made to work.

    But as far as Obama is concerned this is just another speech to cover up past mistakes–which is what he always does. We should all be wise to it by now. He would save alot of ink if he just got it right the first time, but for a flake like him that is impossible.

  142. rgb44hrc Says:

    Sometimes, with certain PCs, at certain times, going to a different web page (following the link) can take quite a long time, longer than scrolling down to the next post.

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

    Yes. And when there, you have to deal with the popups and the bouncing animations and crap.

    I like seeing the relevant meat of the article here, stripped down, as after a couple of screens of the same post it gets confusing.

    Longish exerpts are ok to me unless it’s offensive material (anti-Clinton rhetoric or gory stuff).

    As for posting the link, when i post I find that a lot of work. I have to go back to the site and click in the box at the top to copy the link, then insert it here, then trim off the h’s and w’s and then type in something to say whether it was just h../ no w’s or h…./..w. So I’d rather see a story without a link than not see the story. (However it’s a big help if some indication of the source is given, such as “From NYT”.)

  143. rgb44hrc Says:

    April 5th, 2009 at 10:43 am

    —————————

    awww…Eleanor shouldn’t be picking on poor little obama like that. He just wants to be liked…liked…and liked even more by everybody…everybody…and at least everybody!

    Not going to happen, but it’s sure amusing to watch him try. Kind of like the Gong Show.

  144. He thinks his job is one big campaign so he spends more time away from the White House and attending to what the president should be doing.

    He is addicted to applause, bowing, adoration, mirrors, the teletubby, and arugula. Somewhat of a sickening formula. Makes him a bit of an insecure, totally boring megalomaniac.

  145. One of the things we have learned over the past eight years and eighty days is that the office of president has changed dramatically over the years.

    The difference between Lincoln and Roosevelt on the one hand and this Obama character is the former were commanding leaders who acted in the interests of the nation as they perceived those interests to be, whereas with Bush and now this character Obama who do not.

    It is clear that neither of them is a commanding leader, both played the race card albeit subtly with Bush overtly with Obama, and both were put forward by special interests to offer bread and circuses to the masses, as opposed to honest leadership to the nation. If someone asked me why I detest both Bush and Obama, it is for those reasons.

  146. whereas with Bush and now this character Obama who do not.
    ************
    Both are sociopaths and both are “front” men. Neither Bush or Obama have the “brains” or work ethic for the job. They act/acted as the salesman for the people pulling the strings. It is looking like the front man changes but the string pullers are the same.

  147. I accept the proposition that authority must be vested and exercised somewhere or else there will be chaos. The problem we have with the string pullers here is they are motivated strictly by self dealing and they canibalize the nation in the process. Obama is simply the latest front man behind whom they operate. The PINOS who support this pretender are no different than the bushies. To the stringpullers they are what Lenin called useful idiots.

    And we are prisoners
    On a darkling plain
    Where ignorant armies
    Clash by night

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