Obama’s Rezko Healthcare: Arrogant Audacity Dooms Dims

It is amazing how much of our Obama analysis (since April 19, 2007) now is no longer considered outré but rather conventional wisdom.

The past is prologue. From our first month of publication we noted that Obama cared more for the Rezkos of his world than for his own middle class and poor constituents. The Obama health care scam is Rezko healthcare.

“But fear not” say Obama and his Obama Dimocrats, “the stupid voters will never catch on.”

We are not being harsh. That indeed is the Obama Dimocrat strategy – that voters will forget and be bamboozled in the coming year. The Wall Street Journal details how “Democrats Pin 2010 Hopes on Bill”:

Slumping in the polls and struggling to pass climate and financial legislation, President Barack Obama and Democratic leaders are counting on an historic health care victory to buoy their electoral prospects in 2010. [snip]

White House Chief of Staff Rahm Emanuel has been telling Democrats a win on the health issue will reverse the slide in public opinion, just as passage of another controversial proposal, the North American Free Trade Agreement, lifted President Bill Clinton in the polls.

The Obama Dimocrats are betting that after a year of flowery Obama speeches and advertisements in 2010 that Americans will reverse opinion and reward Obama Dimocrats instead of the current vilification. Ordinarily that is a good bet. American voters are easily distracted, as evidenced by the 2008 primary elections. This is especially true when the Big Media Party decides to spearhead the bamboozlement.

But things might be different on the health scam because of reasons we have outlined earlier and because the Republicans intend to continue the fight at the ballot box next year:

“If Democrats want to run on this, then we invite them to go ahead and do so. The Obama-Pelosi agenda continues to feed into the emerging 2010 narrative that this is a Congress that spends too much, taxes too much and borrows too much,” Ken Spain, communications director of the National Republican Congressional Committee, said Sunday.

Last week’s Wall Street Journal/NBC News poll not only showed a substantial majority opposed to the plan, but for the first time, it showed a plurality favoring the status quo over passage.

The Obama health care scam will be closely watched, which bodes ill for Obama and his Dimocrats. Health care is a concern of all Americans and we suspect Americans will be closely watching for actual results, as opposed to listening to flowery words. The Obama Dimocrat promises on health care will not match the results and there will be a reckoning.

The Democratic leadership is particularly relying on a health victory as other domestic priorities struggle. The failure of the United Nations climate summit to reach a binding accord could cripple Mr. Obama’s chances of securing legislation to limit greenhouse-gas emissions, even after many House Democrats took a politically painful vote for legislation to cap carbon emissions.

Mr. Obama’s standing with American voters has fallen more dramatically in his first year than any recent president, in part because he was so popular at the outset, but also because voters perceive he has not accomplished much, said Democratic pollster Peter Hart.

His 47% approval rating is just the start of his problems, pollsters say. The Wall Street Journal/NBC News poll also found the first real evidence that Mr. Obama’s personal bond with Americans — his likability — has been battered by high unemployment, Democratic infighting and months of bickering over health care, Just 29% of Americans now say they feel “very positive” about the president, down from 36% in October and 47% in February.

And at least some of that bleeding is coming from Democrats; his 86% approval rating in September is now down to 79% among Democrats.

In an interview Friday, Mr. Emanuel expressed little concern for the president’s standing with the Democratic base. Mr. Emanuel said the liberal wing of the party is already coming back to the fold.

The Wall Street Journal report is confirmed by Politico:

There’s no point in the White House saying this, so it won’t.

But an official predicted to me the other day that Obama’s numbers would hit 60 after the health care bill passes, and Chuck Schumer seems to think roughly the same thing: that the public polling on the Democratic reform bill will turn around “soon.”

When people see what is in this bill and when people see what it does, they will come around,” Schumer said. “The reason people are negative is not the substance of the bill, but the fears that the opponents have laid out. When those fears don’t materialize, and people see the good in the bill, the numbers are going to go up.”

As we wrote, ordinarily the Obama Dimocrats are placing a good bet on Americans forgetting. But health care “reform” is what Americans expect and they are about to not only witness, but experience, a health scam fiasco costing individuals, in some cases, thousands of dollars. And the Republicans are going to make the Obama health scam an issue in 2010.

Republican National Committee (RNC) Chairman Michael Steele promised on Monday political repercussion for lawmakers who support healthcare reform.

Steele said that the GOP would seek to ramp up pressure on centrist lawmakers who could still oppose the health bill in Congress, but said they would more likely face a “pink slip” from voters if they stick with the legislation.

“The fact that they (the democrats) have total disregard for the concerns and interests of the American people by pursuing this boondoggle of a healthcare bill,” the party chairman said in a conference call on Monday. “I plan to have my foot on the throats of Democrats in this issue, and hold them accountable.” [snip]

“It’s game on. Harry Reid: Take comfort,” Steele said of the Senate majority leader, a Nevada Democrat who’s expected to face a difficult reelection battle next fall. “You’ve got a lot of friends but you and your friends are going to be looking for work in January 2011.”

“Guess what: you’re going to have a lot more to fear and a lot more to explain over the next year when you get home,” Steele said of lawmakers who support health reform. “Come next November, they’ll speak. And they’ll speak very loudly, and very clearly.”

Michael Steele is a bit of a blowhard so we take what he says with a plateful of salt. But we do believe that Republicans, at every level, will see that the health scam is a prime motivator for voters in 2010, which is why we believe the Republican threats.

Sean Trende at RealClearPolitics summarizes the situation:

But Democrats seem to have made the collective decision that, for better or for worse, their fate lies with Barack Obama succeeding with his legislative agenda. I think this is a gross miscalculation, but it isn’t entirely irrational either. Look at it this way: If nothing gets done in the next year, the Democrats are almost certainly in deep trouble in 2010. If the bill passes and Obama’s popularity continues to sag, the Democrats are potentially (probably, in my estimation) in even deeper trouble.

Their only hope for a good outcome is that the bill passes, and Obama somehow convinces the nation over the course of the next year that it was a good thing, that unemployment declines substantially, and that his popularity rises. This isn’t particularly likely, but it is the only path that offers some hope of survival for Democrats in marginal seats. To paraphrase Obama, if Obama is unpopular, the Republicans are coming after Democrats either way. Their only hope for Obama to become popular is probably to keep passing things and hope the economy turns around. And Nelson can afford to wait until 2012 for this to happen.

Republicans should beware, the American voter can be bamboozled. Hillary supporters know this all too well. But Americans are also capable of seeing the difference between promise and execution. Many Americans were bamboozled in 2008, but after a few months realized Obama was all flowery talk and bamboozlement and have turned on Obama.

Republicans have facts on their side and should employ the facts in the remainder of the year and in 2010. Republicans should hold Obama to his own flowery words standards and show Americans the difference between Obama words and Obama actions.

On health care, there are all the Obama promises in election season and the Obama actions this year. Jay Cost has a too brief review of Obama’s health scam actions:

It stinks of influence peddlers. Reviewing winners and losers in the Senate health care bill shows clearly that it was written with the full advice and consent of privileged interest groups. [snip]

Big corporations get nice paydays, too. Private insurance industries get the public option eliminated. Meanwhile, PhRMA made sure that there would be no significant prescription drug re-importation provision in the bill. Byron Dorgan said the FDA might have put the kibosh on it because of pressure from the White House.

Yet when it comes to big, wet kisses for entrenched interests, you can’t beat the individual mandate. People will soon have to buy health insurance from private companies, or else face a tax penalty from Uncle Sam. Democrats who think they can come back later to fix this perverse result are kidding themselves. The insurance lobby is already so powerful that Democrats couldn’t get the public option through now – what makes them think they’ll be able to later, after they’ve given insurers 30 million additional customers, and required every last American to do business with them? The insurance companies are going to be to the 21st century what Standard Oil was to the 19th.

Republicans also need to call this “reform” what it is – “Rezkocare”. We started to write about Antoin “Tony” Rezko in April 2007. In April 2007 we began to question the hundreds of millions of taxpayer dollars funnelled by Obama to Rezko.

In The Case Of The Missing State Senator we asked about Obama “How did his experience as a “community organizer” inform his work as a state legislator?”

Our questions about Obama were easy to answer. Obama does not even have to choose, he is on the side of the Tony Rezkos and Big Insurance and Big Pharma.

When Obama constituents shivered and froze in Rezko owned housing, Obama was busy collecting campaign checks from the very same Rezko. This is a history that was never explored (other than here and other Hillary sites) during the primary elections nor in the general elections. African-Americans, poor and helpless, were ignored so that Obama could help landlord Rezko continue his scams and even obtain minority set-aside program status to continue his scams. The past is prologue, Republicans.

Republicans, the past is prologue. Obama did not care about his freezing constituents in Chicago and Obama certainly did not care about his constituents when it came to health care in Illinois or radioactive leaks in Illinois. Obama health scams nationally were imported from his Chicago days.

The Obama history on health care was first discussed on Big Pink in September 2007. On September 17, 2009 we again discussed that Obama history (The Obama Health Plan Obama Supporters Do Not Want To Discuss). It is an ugly history which has not been employed in election campaigns ever. It’s time for the Republicans to begin to discuss the Obama history we began to discuss in 2007:

For all the Obama flowery words the treacherous snake is always ‘neath the flower. The goal Obama killed then was “quality healthcare at costs that are reasonable”. What we know of current plans is that the costs will be unreasonable and that “quality” is not to be mentioned. The transfer of wealth to insurance companies with the IRS as the Chicago style fee payment enforcer terrorizing citizens on behalf of the insurance companies is the current Obama Hoped for Change.

What is now, is what was – in Illinois

Republicans, we think, will indeed fight the Obama health scam next year because it is in their interests. It is the way to win election. More and more Americans will see the connect of Obama’s scams in Chicago and Obama’s scams in Washington.

In 2008, Americans believed the Obama campaign words “Hope and Change”. Now Americans know they have been scammed. Even the Hopium guzzlers are getting a clue that “Hope and Change” meant only that Obama believed they were “Dopes and Deranged”.

Even on the website run by the fourth Gabor sister, reality is setting in. It is a reality we wrote about years ago.

As the president’s job performance numbers and ratings on his handling of virtually every domestic issue have fallen below 50 percent, the Democratic base has become demoralized, and Independents have gone from his source of strength to his Achilles Heel, it’s time to reflect on why. [snip]

It isn’t hard for them to see that the winners seem to be the same no matter who the voters select (Wall Street, big oil, big Pharma, the insurance industry). [snip]

What’s costing the president and courting danger for Democrats in 2010 isn’t a question of left or right, because the president has accomplished the remarkable feat of both demoralizing the base and completely turning off voters in the center. If this were an ideological issue, that would not be the case. He would be holding either the middle or the left, not losing both.

What’s costing the president are three things: a laissez faire style of leadership that appears weak and removed to everyday Americans, a failure to articulate and defend any coherent ideological position on virtually anything, and a widespread perception that he cares more about special interests like bank, credit card, oil and coal, and health and pharmaceutical companies than he does about the people they are shafting.

Americans were bamboozled in 2007 and 2008. But now reality has hit Americans between the eyes and they are not happy. What we wrote about, and were attacked for since 2007, is now conventional wisdom:

Consider the president’s leadership style, which has now become clear: deliver a moving speech, move on, and when push comes to shove, leave it to others to decide what to do if there’s a conflict, because if there’s a conflict, he doesn’t want to be anywhere near it.[snip]

Leadership means heading into the eye of the storm and bringing the vessel of state home safely, not going as far inland as you can because it’s uncomfortable on the high seas. This president has a particular aversion to battling back gusting winds from his starboard side (the right, for the nautically challenged) and tends to give in to them. He just can’t tolerate conflict, and the result is that he refuses to lead.

We have seen the same pattern of pretty speeches followed by empty exhortations on issue after issue.

The writer of the above was an Obama Hopium guzzler in 2008. Now he writes what we wrote years ago. What we have been saying all along is:

Obama is a Chicago flim-flam man who bamboozles with flowery words. Obama is weak and not a fighter. Obama is a stooge of powerful interests, such as the Big Media Party. Obama only cares about self advancement and will sell anyone out. Obama can’t be trusted and he is a boob. Obama is a treacherous, self-interested, boob.

The Obama Hopium guzzler from the Gabor website also seems to agree with us that Obama is the Third Bush Term:

Like most Americans I talk to, when I see the president on television, I now change the channel the same way I did with Bush. With Bush, I couldn’t stand his speeches because I knew he meant what he said. I knew he was going to follow through with one ignorant, dangerous, or misguided policy after another. With Obama, I can’t stand them because I realize he doesn’t mean what he says — or if he does, he just doesn’t have the fire in his belly to follow through. He can’t seem to muster the passion to fight for any of what he believes in, whatever that is. He’d make a great queen — his ceremonial addresses are magnificent — but he prefers to fly Air Force One at 60,000 feet and “stay above the fray.”

We thought a lifetime fighter for Americans, with intellectual heft and experience, was the president America needed. But she was called a “racist”. Her experience was denigrated. Her intelligence and maturity deplored. We were right.

When Obama said during the campaign he would televise meetings on health care reform on C-SPAN so that Americans could see who was carrying water for the insurance and pharmaceutical companies Obama knew he was lying.

Obama lied because he is the one carrying water for those he attacks with words. Obama’s actions speak differently.

Obama is on the side of special interests in Washington in the same way he was on the side of the Rezkos in Chicago.

Obama Dimocrats are audaciously betting that Americans will not catch on to the flim-flam in 2010, as in 2008. But audacity often goes hand-in-hand with arrogance. Audacious arrogance will doom the dims in 2010.


89 thoughts on “Obama’s Rezko Healthcare: Arrogant Audacity Dooms Dims

  1. Admin, Obama has set a new record again today: Rasmussen is out, and his approval index dropped from -17 to -21.

  2. brought up from the last thread:

    confloyd, that video of Blago is amazing. I hope he sings like a canary. I was totally unaware that he stood up to Bank of America and called out the bailouts, and threatened to remove the billions in Illinois state business from their coffers. If other governors had followed suit, they would have been F*CKED. It is really weird that he got arrested and the villification began the very next day.

    And BTW, Hillary also stood up and made a speech saying that she thought there was market manipulation going on, and vowed to investigate it if she won. It was the very next day that the DNC and the media began their intensified HOWLS to hound her out of the race.

  3. Excellent, Admin!

    “When people see what is in this bill and when people see what it does, they will come around,” Schumer said. “The reason people are negative is not the substance of the bill, but the fears that the opponents have laid out. When those fears don’t materialize, and people see the good in the bill, the numbers are going to go up.”


    And this makes sense how??? Why not let people know what is in the bill ahead of the vote? I mean if it’s all about polling numbers for the idiot going up, wouldn’t he rather that happen sooner than later?

  4. Remember when his fellow lawyers said he was great at Presenting his case, but not to be found for the negotiations of settlements. That was a red flag. You have to have the belly for hard hateful negotiations, and you have to do it yourself. In my experience these people are tough as nails, but really are the ones that do the deed so to speak. They are not particularly pretty, of once culture or even able to write or speak well. But they do know how to negotiate to get what is neded. It is not pretty.

    As was said, he prefers flying in Air Force one, and deligating this distasteful tasks to others.

  5. Thanks HillaryForTexas. Here’s the poll (check out the last paragraph which goes right to the point of today’s article):


    The Rasmussen Reports daily Presidential Tracking Poll for Tuesday shows that 25% of the nation’s voters Strongly Approve of the way that Barack Obama is performing his role as President. Forty-six percent (46%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -21 That’s the lowest Approval Index rating yet recorded for this President (see trends).

    Fifty-three percent (53%) of men Strongly Disapprove along with 39% of women. Most African-American voters (58%) Strongly Approve while most white voters (53%) Strongly Disapprove.

    Seventy-four percent (74%) of Republicans Strongly Disapprove as do 52% of unaffiliated voters. Forty-seven percent (47%) of Democrats Strongly Approve.

    For the second straight day, the update shows the highest level of Strong Disapproval yet recorded for this President. That negative rating had never topped 42% before yesterday. However, it has risen dramatically since the Senate found 60 votes to move forward with the proposed health care reform legislation. Most voters (55%) oppose the health care legislation and senior citizens are even more likely than younger voters to dislike the plan.

  6. transferred from the last thread:

    December 22nd, 2009 at 10:24 am

    Where enough time has passed since Obama was elected, I’m sure the plan Obama laid out to Blago during the campaign included him in a future Cabinet position. As we know, that didn’t materialize because it was preempted by the Fitzgerald sting operation. Obama has kept Blago in limbo since that time with promises of making his troubles all go away in return for his continued silence. Obama is a cold blooded killer. The only one that matters is him and Soros.

    Blago’s mental state is prime for another request by someone he trusts that can articulate the seriousness of our state of affairs with conviction. (I’m thinking Carville) Obama needs to be removed as well as Rahm Emanuel. I don’t think there is much love lost between Blago and Emanuel. It may even be plausible Emanuel fingered Blago to get rid of him permanently because he’s dangerous, he knows too much. If that can be convincingly proven to Blago, we might just have a chance turning things around for the citizens who suffer (us included) because of the insanity of a brain behind a brain Obama/Soros presidency we are bound to because of Soros’s obsession with destroying America.

    How in God’s name can we deal with other countrys when we are dealing from weakness? In the game of politics, the only way for our country to prevail is restoring her strength as the Leader of the Free World. Restoring the respect she commands with the knowledge we are capable of creating a better life throughout the planet for ALL people in World.

  7. Physicians for a National Health Plan came out today in opposition to the HCR bill. They had been trying to be reasonable, see if the bill could do some good, but finally today said it needs to be scrapped.


    Some paint the Senate bill as a flawed first step to reform that will be improved over time, citing historical examples such as Social Security. But where Social Security established the nidus of a public institution that grew over time, the Senate bill proscribes any such new public institution. Instead, it channels vast new resources – including funds diverted from Medicare – into the very private insurers who caused today’s health care crisis. Social Security’s first step was not a mandate that payroll taxes which fund pensions be turned over to Goldman Sachs!

    You GO, doctors! Tell it like it is!

    They also touched on the choice issue:

    While the fortification of private insurers is the most malignant aspect of the bill, several other provisions threaten harm to vulnerable patients, including:

    * The bill’s anti-abortion provisions would restrict reproductive choice, compromising the health of women and adolescent girls.

  8. H4T, I also uncovered a whole lot of stuff on the Federal Reserve which is actually 12 banks owned by the Rothchilds, which we all know is the folks that Soros works for. I did not realize that about Hillary, she lucky she is alive. That groups knocks people off if they go too far. Like I have always said I think during her campaign she met the people, found the problems and truly wanted to do something for us and that meant going after the speculators, the feds the whole ball of wax. Look what they did to her, as I said we are lucky our shero made it out alive.

    Mrs. Smith, you are right about Obama being a cold blooded killer, but so are the folks that are his puppet masters.

  9. H4T, Hillary was truly the people’s choice and would have been the female version of FDR, but instead the speculators and the bankers won and they got their puppet in with the help of BM. How we will ever brake the yoke of this tyranny I don’t know. I will say one thing when we gather at the Washington Mall in the millions, they freaking get scared. They have robbed this country of its money and its sons for many years, but the people are finally waking up.

    I think this might be the only reason we have not been thrown into a depression so that these bankers could make more money.

  10. H4T, This is what I mean making money at the expense of middle class americans, its a travesty.

    In this comeback year for investors, David Tepper may have scored one of the biggest paydays of all.

    Mr. Tepper’s hedge-fund firm has racked up about $7 billion of profit so far this year—with Mr. Tepper on track to earn more than $2.5 billion for himself, according to people familiar with the matter. That is among the largest one-year takes in recent years.

    Behind the wins: a bet worth billions of dollars that America would avoid a repeat of the Great Depression.

    Through February and March, Mr. Tepper scooped up beaten-down bank shares as many investors were running for the exits. Day after day, Mr. Tepper bought Bank of America Corp. shares, then trading below $3, and Citigroup Inc. preferred shares, when that stock was under $1. One of his investors insisted more carnage loomed. Friends who shared his bullish beliefs were wary of aping his moves amid speculation that the government was about to nationalize the big banks.

    “I felt like I was alone,” Mr. Tepper recalls. On some days, he says, “no one was even bidding.”

    The bets paid off. A resurgent market has helped Mr. Tepper’s firm, Appaloosa Management, gain about 120% after the firm’s fees, through early December. Thanks to those gains, Mr. Tepper, who specializes in the stocks and bonds of troubled companies, manages about $12 billion, a sum that makes Appaloosa one of the largest hedge funds in the world.

    More from Yahoo! Finance:

    Mr. Tepper, whose office overlooks the parking lot of a Hilton hotel in Short Hills, N.J., across from an upscale mall, now is taking aim at a new target. He’s purchased about $2 billion of beaten-down commercial mortgage-backed securities. Among his purchases are bonds backed by chunks of the debt of Peter Cooper Village & Stuyvesant Town and 666 Fifth Ave. in New York, two high-profile real-estate deals that have fallen in value over the past two years.

    Some experts predict more bad news for commercial real estate—and say that if Mr. Tepper’s move doesn’t pan out, it could jeopardize a chunk of his recent gains. Mr. Tepper says he remains optimistic.

    Hedge funds, once darlings of well-heeled investors, suffered dearly in 2008, dropping 19%. Nearly 1,500 funds, or 16% of the total, shuttered last year. This year, hedge funds are clawing back, with gains of 19% through November, on pace for their best annual gains in a decade, according to Hedge Fund Research Inc.

    A handful of funds—including Everest Capital’s emerging-market funds and the stock-focused Glenview Capital—have racked up fat gains this year. In sheer dollars, though, none appear to have come close to matching Appaloosa’s winnings.

    Mr. Tepper grew up in a middle-class neighborhood in Pittsburgh, the son of an accountant who worked seven days a week and once won a $715,000 lottery payout. In the late 1980s, he helped run junk-bond trading at Goldman Sachs. Mr. Tepper wears jeans and sneakers to work, and can be self-deprecating, playing down his successes. He claims to have popularized on Wall Street the phrase “it is what it is” to explain the need to adjust a portfolio if facts on the ground shift.

    After he was repeatedly passed over for a partnership, Mr. Tepper left Goldman to start Appaloosa in 1993. By 2008, he had a track record of annual gains averaging about 30% and a net worth estimated at about $2 billion.

    Mr. Tepper lives in a two-story home in New Jersey he bought in 1990 for $1.2 million. He recently purchased an ownership stake in the Pittsburgh Steelers football team, and flies to every home game. In 2004 he gave $55 million to Carnegie Mellon University’s business school, his alma mater, which renamed itself the Tepper School of Business.

    The husky, bespectacled trader laughs easily, but employees say he can quickly turn on them when he’s angry. Mr. Tepper keeps a brass replica of a pair of testicles in a prominent spot on his desk, a present from former employees. He rubs the gift for luck during the trading day to get a laugh out of colleagues.

    His biggest scores over the years have come from buying large chunks of out-of-favor investments. When Asian markets crumbled in 1997, Mr. Tepper added Korean stocks to a portfolio laden with Russian debt. The moves led to hundreds of millions of dollars in profits when markets rebounded two years later. He scored big on junk bonds in 2003, and his 2007 wager on steel, coal and other resource companies paid off in 2008 when commodity prices soared.

    But because he sometimes places more than half of his portfolio in a single trade idea, Mr. Tepper also is prone to brutal, abrupt losses.

    That approach cost him more than $1 billion last year. In January 2008, Societe General SA trader Jerome Kerviel was revealed to have lost €5 billion ($7.2 billion), one of the world’s largest trading loss. Mr. Tepper sold large chunks of his holdings, fearing a market tumble. Prices held up, though, hurting Appaloosa. In the spring of last year, he turned bullish on large-company stocks and did some buying, but suffered as markets declined.

    Mr. Tepper made a big wager on Delphi in 2006. But in April of last year he and a group of investors withdrew from a deal to inject as much as $2.6 billion in the bankrupt auto-parts supplier, sparking a nasty legal battle that was resolved this summer. Appaloosa lost almost $200 million on its investment in Delphi.

    Mr. Tepper’s largest fund dropped 25% for 2008, worse than the industry’s 19% average decline.

    “Investing with David is like flying, with hours of boredom followed by bouts of sheer terror,” says Alan Shealy, a client of more than 18 years. “He’s the quintessential opportunist, investing in any asset class, but you have to have a cast-iron stomach.”

    Mr. Tepper entered 2009 cautiously, with more than 30% of his firm’s assets in cash, or more than $2 billion. He itched to do some buying. Mr. Tepper explains his investment philosophy with a line from Allan Meltzer, a professor at his alma mater: “Trees grow.” In other words, growth is the natural state of economies, so optimism usually is rewarded.

    On Feb. 10 of this year, Mr. Tepper read that the Treasury Department was introducing the so-called Financial Stability Plan. It included a commitment by the government to inject capital into banks by buying their preferred stock, or shares that carry less chance of reward but also less risk than common stock.

    At the time, investors worried that the government ultimately would have to nationalize big banks. U.S. officials said they had no intention of such a move, which could wipe out common shareholders, but investors were dubious.

    The news from the Treasury Department struck Mr. Tepper as proof that the government would stand behind the banks. He directed his traders to begin buying bank stock and debt.

    Few investors were feeling as optimistic. The Dow Jones Industrial Average fell more than 382 points on the day Treasury Secretary Timothy Geithner introduced the plan, nearly 5%. Bank shares continued to tumble in the days that followed. Bank of America shares fell as low as $2.53 on Feb. 20. By March 5, Citigroup traded as low as 97 cents.

    “This is ridiculous, it’s nuts, nuts, nuts!” Mr. Tepper recalls saying to Michael Lukacs, one of his partners, on the firm’s small trading floor. “Why would the government break its word? They’re not going to let these banks go under, people aren’t being logical!”

    Mr. Tepper huddled with Mr. Lukacs and Jim Bolin, another top Appaloosa executive. Mr. Tepper insisted that stimulus spending and low interest rates would boost the economy. He said he estimated there was only a 20% chance that the U.S. would nationalize banks such as Citigroup.

    Mr. Bolin, who people at the firm say tends to be more conservative than Mr. Tepper, was bullish about banks, but still thought it safer to stick to bank debt than to riskier shares. Mr. Tepper says he listened to the arguments, but said it was time to place a big bet.

    Over several weeks, Mr. Tepper’s team bought a variety of bank investments, including debt, preferred shares and common shares. Just months earlier, the government had injected billions of dollars to keep companies such as American International Group Inc. going, much as they were now doing with the banks. But that didn’t prevent shares of those companies from tumbling.

    At one point in March, the firm was down about 10% for the year, or about $600 million. Mr. Tepper got on the phone to make more trades, something he often left to subordinates. This time, he wanted to talk directly to Wall Street brokers to test how bad things really were.

    The answer: really bad. Mr. Tepper says he was told that he was the only big investor doing much buying.

    “Clients were nervous that the game had changed and capitalism wouldn’t be the same. There was real fear,” recalls Timothy Ghriskey, chief investment officer at Solaris Asset Management, a $2 billion investment firm, who says he only bought a small amount of bank shares during this period.

    One day in late winter, Mr. Tepper heard from a skeptical client of his own, Mr. Shealy.

    “This thing is far from over,” Mr. Shealy recalls saying, referring to the bank problems. Still, Mr. Shealy, who runs an investment firm in Boise, Idaho, stuck with Mr. Tepper. “I figured the positions were fairly liquid, so if he was wrong, he would get out.”

    Mr. Tepper hadn’t paid his investors’ nerves much heed since 2000. That year, he bet that the tech-heavy Nasdaq index would fall. But so many investors complained that Mr. Tepper was straying from his roots in debt investing that he canceled his bets. When the Nasdaq collapsed months later, Mr. Tepper fumed.

    By late March of 2009, Citigroup shares had tripled, and Mr. Tepper’s other holdings, including junk bonds, were rising. He and his team bought more, spending more than $1 billion, when various banks conducted share sales. Mr. Tepper says his average cost for shares of Citigroup was 79 cents; for Bank of America it was $3.72.

    At one point in the summer, Mr. Tepper had recorded about $1 billion of profits in shares of just Citigroup and Bank of America, and his overall gains soared past $4.5 billion, or 70%, since January.

    After Mr. Bolin, the Appaloosa executive, urged caution, Mr. Tepper did some selling to lock in gains. But the firm remains a big holder of both Bank of America and Citigroup shares, which now trade at $15.03 and $3.40, respectively.

    Mr. Tepper remains upbeat. He says he expects interest rates to stay low, and argues that stocks and bonds are reasonably priced.

    This belief is driving another risky bet. At the end of each quarter this year, Mr. Tepper noticed that investors were dumping holdings of troubled bonds backed by commercial properties. He had never dabbled in these investments, but he and his 10-person team did some research and judged them attractive, with some seemingly safe debt trading at yields above 15%.

    Mr. Tepper slowly spent more than $1 billion to gain ownership of between 10% and 20% of highly rated slices of commercial mortgage-backed securities, or CMBS. He focused on debt backed by loans of properties including Stuyvesant Town and 666 Fifth Ave. in New York.

    His bet: If the economy improves, he’ll earn hefty interest payments on the bonds. But if the properties can’t make their payments, Mr. Tepper believes he owns so much of the debt that he’ll have a big say in how the properties get restructured. That means he could ultimately end up ahead.

    He’s taking a big risk, some analysts warn. The value of commercial real estate continues to fall. Owners of debt classes don’t always have much power to influence a commercial real-estate restructuring. And because the debt of these big properties was carved into many pieces, and many investors are involved, any battle for control will be complicated.

    Mr. Tepper says the worrywarts have it wrong: “If you think the economy will be fine, as we do, then we’re going to do very well.”

    Write to Gregory Zuckerman at gregory.zuckerman@wsj.com

    Corrections & Amplifications

    David Tepper has purchased bonds backed partly by debt of 666 Fifth Ave. in New York. A previous version of this story described the property as 666 West 57th Street in New York.


  11. Why the hell has his poll numbers risen!!!! I saw a CNN poll and he is back up to 54% and support fot the HC Bill up 6%!!!!!!!!!!!! Why???

  12. “Mrs. Smith, you are right about Obama being a cold blooded killer, but so are the folks that are his puppet masters.”


    Rest assured, confloyd- Obama’s mini-me’s have stabbed so many people in the back that worked their hearts out for them during the campaign and since the election; don’t be surprised if karma catches up with them toot-sweet!

  13. confloyd
    December 22nd, 2009 at 12:47 pm

    He said they were good but he wasn’t home. Oh horrors- Xmas shopping!

    He said he would later.

    Why don’t you post the links here? a little by-pass surgery works wonders.

  14. jtbjones, that CNN poll is an outlier, as was their last poll. They have been WAY off from dozens of other polls for several weeks now.

    Rasmussen today has him sinking like a stone.

  15. Mrs. Smith, Here’s the best one and it kind makes you scratch your head after you have seen the Blago video, and now what H4T has said about what happened to Hillary after she called out the speculators.

    h t t p : //www.rense.com/general76/jfkvs.htm

  16. JanH, Seems as though no one wants to get into that mess and many are retiring as they did when GWB was leaving. hmm, hmmm, kinda makes you wonder.

  17. confloyd, she said it several times, but the big one was in the Stephanopoulos interview in May 2008:

    I am absolutely convinced that these record profits of the oil companies are a result of a number of factors beyond supply and demand. I think there’s been market manipulation. In fact, an ExxonMobil official testifying under oath before the House of Representatives committee, said that if it were just market factors then the price of oil would be like $50 or $55 a barrel. We know that there’s market manipulation going on, so I would launch an investigation if I were president right now by the Department of Justice and the Federal Trade Commission.

    It was right after that that the media and the DNC, negative on her from the start, went balls-to-the-wall batshit crazy to tear her down.

  18. Mrs. Smith, This something on the IMF and its heavily involved along with the Federal Reserve in what is going on today.

    h t t p : //www.serendipity.li/hr/imf_and_dollar_system.htm

  19. H4T, They are a nasty group. I stayed up late and watched them pass the HC cloture. It was amazing to see them all patting themselves on the back as did Senator Dodd, but he did say offhandedly that maybe the bill would have been different if Teddy had been alive. I also noticed he moved his chair out of the camera’s view while Reid was speaking. They know what they have done to the American people. I would like to know what each and every senator got under the table that we will never know about, probably plenty as they also know they sold their careers down the river. That did not come cheap to the insurance industry, they paid them off.

  20. To add to Rasmussen, Quinnipiac released a poll today too:


    As the Senate prepares to vote on health care reform, American voters “mostly disapprove” of the plan 53 – 36 percent and disapprove 56 – 38 percent of President Barack Obama’s handling of the health care issue, according to a Quinnipiac University poll released today.

    Voters also oppose 72 – 23 percent using any public money in the health care overhaul to pay for abortions, the independent Quinnipiac (KWIN-uh-pe-ack) University poll finds.

    American voters also disapprove 51 – 44 percent of President Obama’s handling of the economy and disapprove 56 – 37 percent of the way he is creating jobs. But voters favor 52 – 42 percent his plan to use $200 billion left over from the bank bailout for a new stimulus package to create jobs rather than to reduce the budget deficit.

    Only 31 percent of voters say Obama’s policies will help their personal financial situation, while 37 percent say his policies will hurt and 30 percent say his policies will make no difference. Among voters in households where someone has lost a job in the last year, 37 percent say Obama policies will help them personally, while 37 percent say they will hurt.

    Looking at the health care plan, independent voters “mostly disapprove” 58 – 30 percent, as do Republicans 83 – 10 percent. Democrats “mostly approve” 64 – 22 percent.

    “As President Barack Obama’s numbers on health care have declined so has his margin over Republicans on whom American voters trust most on the issue,” said Peter Brown, Assistant director of the Quinnipiac University Polling Institute. “In July he enjoyed a 20-point edge on the trust question, and that margin has been narrowing, to 45 – 40 percent today.”

    While voters oppose the health care plan, they back two options cut from the Senate bill, supporting 56 – 38 percent giving people the option of coverage by a government health insurance plan and backing 64 – 30 percent allowing younger people to buy into Medicare.

    On the timing of action of health care, 31 percent support the proposals “currently being considered” and want Congress and the President to take action now; 28 percent oppose those proposals but want action on the issue now, while 36 percent don’t want action on the issue now.

    “While the Senate leadership reportedly has the votes to pass a health care overhaul plan this week, outside the Beltway there appears to be weak support, both to what voters understand as the plan, and the need to pass that plan now,” said Brown. “Although a small majority favors abortion rights, allowing the use of public money for the procedure under a national health care plan, which has been a matter of some dispute in both houses of Congress, is extremely unpopular.”

    By 73 – 18 percent, voters don’t believe President Obama will be able to keep his promise to overhaul health care without increasing the federal deficit and by 56 – 37 percent they don’t want the overhaul if it will increase the deficit.

    A total of 91 percent of American voters describe the economy as “not so good” or “poor.” Voters split 28 – 28 percent on whether it is getting better or worse with 43 percent seeing no change. The results on both questions are virtually identical to when Quinnipiac University asked them in July.

    “On Wall Street, the stock market’s performance has many people optimistic and economists may be telling us that the recession is over. But on Main Street, Americans think the economy is still in the toilet,” Brown said.

  21. We (the taxpayer) bailed out Wall Street, but did nothing for Main St. They still continue to do nothing for Main St. and thats where the jobs are.

  22. Obama’s Magic No Longer Works.

    As a candidate he had the benefit of a blank state. He had a history of skulduggery but big media erased it, and focused on his opponents. This allowed him to pitch his tent in the garden of hope. He fed the country a secular religion worthy of a revivalist tent show. His was the land of airy dreams and fond aspirations. It triggered the magic thinking of millions of desperate and naive people.

    But then a funny thing happened. He became president and he had to govern. He could no no longer rely on pretty words. As der Spiegel points out: ” a leader is seen by citizens through the prism of their lives — their job, their household budget, where they live and suffer. And, in the case of the war on terror, where they sometimes die.” Obama has not changed. It is the criteria by which he is measured that has changed.

    This is what Schumer does not understand. The truth is he does not believe that the electorate will forget about this by election time. He knows the truth. But they came to believe the lie that if this misbegotten health care plan died on the vine, it would be the end of Obama. In fact, the bill they passed gave a Christmas present not to the American People as the feckless Tom Harkin suggests but to the Republican Party. If they use it effectively, and particularly in the manner I suggested above it will be for them the gift that keeps giving.

  23. wbboei, I think the dimocrats sold us for 40 pieces of silver and a headline. The federal reserves and the Imf wanted this and have been working on it for 30 years, both sides did their part in selling us down the river. The republicans begin the dirty work and the dims will finish it. Either way our govt. officials have made sure their lives will not be changed, only ours.

  24. If I were head of the Republican Party, I would run Marko Rubio and Sue Louden in 2012. The Republicans need to make the generational change. I do not think Michael Steele is the right man for the top job. I wish Tom Sowell was a politician. If you want a first rate black intellectual he is your man.

    I have got to tell you the people they put forward now do not inspire great confidence. McCain? Hatch? I remember Orin Hatch when he was young. Articulate, forceful, fire in the belly. Somewhere along the line he lost those qualities. He even sideled up to Ted Kennedy.

    Yes, I know de mortimus nil nisi bonum–say only good things of the dead. But when partisans open the door and deify him, truth demands a fair accounting. That accounting lies at Chappoquitic and the certain knowledge that even after that he continued to practice his rum sodden philandering ways–he and Chris Dodd. Mortal gods should be made of sterner stuff.

  25. wbboei, I think the dimocrats sold us for 40 pieces of silver and a headline. The federal reserves and the Imf wanted this and have been working on it for 30 years, both sides did their part in selling us down the river. The republicans begin the dirty work and the dims will finish it. Either way our govt. officials have made sure their lives will not be changed, only ours.
    Yes, I know Connie. But consider the possibility that Jay Cost is right. Maybe we can save our country. Maybe we are on the “cusp” (Bambi’s new word) of a Jacksonian moment. Maybe there is hope that the sleeping giant will awaken and drive the money makers from the temple. The raw material is there is they have the brains to use it. Sheldons little golden shower would be a fine start. Then a little Schumer wee wee we are so smart and the American People are so stupid that we can do anything we want to them and make them like is. Like I say, the material is there. All it takes is the will to use it. They need to seize the moment.

  26. Looks like they are already getting ready for crap and trade.

    Lerer – Tue Dec 22, 12:22 am ET
    Senate Republicans warned Monday that the bruising fight over health care reform could deliver a knockout blow to another Democratic priority: passage of a climate change bill in 2010.

    With a united Democratic Caucus, Senate Majority Leader Harry Reid was able to get to cloture on health care without a single GOP vote. But Democrats aren’t united on climate change, and the bitter battle over health care has left even sympathetic Republicans with little desire to help — a dynamic that would likely doom the bill to legislative failure.

    “It makes it hard to do anything because of the way this was handled,” said Sen. Lindsey Graham (R-S.C.).

    Graham didn’t elaborate, but he didn’t have to — the fierce partisan fights during the past few weeks have torn away at the Senate’s clubby decorum, raising temperatures, fraying nerves and creating what one Democratic senator has called a “very high” level of distrust among members.

    Graham’s words carry serious weight with supporters of climate change legislation because the South Carolina Republican has emerged as a leader on the issue in the Senate, working with Sens. John Kerry (D-Mass.) and Joe Lieberman (I-Conn.) on a bipartisan bill.

    Other potentially “gettable” Republican senators also sounded discouraging notes Monday.

    “Right now, I would say that cap and trade is stalled,” said Maine Sen. Susan Collins.

    “Cap and trade has been delayed by the health care debate almost indefinitely,” said Indiana Sen. Dick Lugar. “The question will be how many more battles members of Congress want to take on in an election year.”

    “I give it a very low chance,” said Alaska Sen. Lisa Murkowski, a potential GOP target for bill supporters. “What it comes down to is our ability to work together as a body. And right now, the indicators are not very positive for climate change.”

    Senate Majority Whip Dick Durbin (D-Ill.) equivocated over the weekend, when asked whether Democrats could pass a climate bill next year. But Kerry — one of only two senators to attend this month’s U.N. climate conference in Copenhagen — lashed out at naysayers Monday, saying the Senate would deliver on the promises President Barack Obama made there.

    “Not a chance in hell that after the president put American prestige on the line in Copenhagen that the Senate is going to give this issue anything less than a major push,” Kerry said. “This is big — big — bigger than any individual agenda. Big. The 111th Congress is not a one-trick pony incapable of tackling more than one big issue, and the cost of tackling climate change would only grow if the Senate got weak-kneed and kicked the can down the road. Not going to happen.”

    As Kerry noted, House members put themselves on the line when they approved a climate bill earlier this year. But the health backlash is only the latest roadblock in the Senate, and it’s not at all clear that supporters will be able to clear all — or even any — of them.

    “It will take a lot of work,” said Sen. Chris Dodd (D-Conn.). “We need to take a break around here and step back before we try anything of any controversy.”

    The bill has scheduling issues: Climate ranks at the end of a long list of Democratic priorities for 2010, behind both a jobs bill and financial reform. It has international issues: The contentious negotiations in Copenhagen provide little, if any, boost for a bill back home.

    And it has caucus unity issues.

    Manufacturing-state Democrats are demanding border tariffs to protect energy-intensive industries from unfair foreign competition.

    “If we don’t do this right, a company in Lima, Ohio, shuts down and moves to Wuhan, and we lose jobs,” said Ohio Sen. Sherrod Brown.

    And the sweeteners necessary to get Republicans on board — like expanding off-shore drilling and adding incentives for nuclear energy — could alienate liberal Democrats worried about the environmental impacts.

    “The drilling would be very hard for me,” said New Jersey Democratic Sen. Frank Lautenberg. “Because even if they agree not to drill off the coast of New Jersey, that doesn’t protect us from the coast of Virginia, Delaware or other places.”

    A handful of Democrats want to dump the cap-and-trade concept entirely.

    Earlier this month, Collins and Sen. Maria Cantwell (D-Wash.) released legislation that would replace cap and trade with a system that would offer direct consumer rebates to offset increased energy costs.

    Sen. Byron Dorgan (D-N.D.) has been pushing to move energy legislation that passed the Senate Energy and Natural Resources Committee in June — and leave behind the cap-and-trade proposal he opposes.

    “We’re going to have wasted a year, in my judgment,” he said. “My hope is when the calendar turns and January comes, we’ll have the opportunity to be able to grab and seize the progress that was made in the energy committee.”

    Lawmakers on both sides of the aisle have pronouced dead a climate bill introduced earlier this year by Kerry and Senate Environment and Public Works Committee Chairwoman Barbara Boxer (D-Calif.), because of the partisan way it passed through Boxer’s committee. Instead, Kerry, Graham and Lieberman have been getting input from members across the Senate as they attempt to craft a bipartisan climate bill. The legislation must contain the right trade-offs to satisfy the long list of regional energy, economic and employment issues raised by Democratic lawmakers.

    At the same time, they are trying to figure out how to steer their proposal through tricky procedural hurdles. At least two more committees — Finance and Commerce, Science and Transportation — plan to mark up portions of the sweeping bill. And the Agriculture, Nutrition and Forestry Committee, which also has jurisdiction over the legislation, is headed by Arkansas Democratic Sen. Blanche Lincoln, a moderate who’s called cap and trade “a real problem.”

    And other key Democrats have their own list of issues with the bill.

    “I’m not one of those who stands against the climate bill, but I want to see it happen in a way that’s fair and gives West Virginia a chance to survive,” said Sen. John Rockefeller (D-W.Va.), who wants billions in additional funding for new coal technologies.

    But not everyone was so dour Monday. Iowa Democratic Sen. Tom Harkin said the health care fight has taught Democrats that they can be “cohesive” and work together despite their differences. “What we’ve done here strengthens us for next year,” he said

  27. from Jane Hamsher she has awoken to the fact that neither side is taking care of us and its all about money.

    In 2000, the Republicans passed Medicare Part D, and it had no negotiation for prescription drug prices. And then in 2006, when the Democrats took over Congress, the first thing they did was say “hey, we’re going to roll that back, we’re going to allow for [negotiation of] prescription drug prices to be passed. But now that they actually have the chance, they’re not doing it. And you’ve got people like Jeff Sessions on the floor of the Senate saying this is criminal, this deal is criminal, but he didn’t vote for it in 2000 or 2006 when he had the chance. So we’re sort of looking at a situation where people on the right, people on the left, are looking at the Senate, and they’re saying “nobody’s there representing us. Nobody’s representing the people.” It’s just a matter of who’s in power and who’s taking PhRMA’s money.

  28. All I have to say is Jane, they lied, the people before them were lying, hell everyone is lying. Go figure we could of had Hillary, she told the truth, its the speculators and the capitalists that are ruining this country. If you guys had really listened to the speeches we would not be in this mess. You all were closed minded with CDS. Now we will all pay!

  29. Wbboei, He is smoking something or he can’t read because the insurance industry is having caviar and champayne right now. They did not have to put up with Hillary, they got big bucks coming, everything is going their way.

    Maybe he can’t read or he can’t be allowed to read the bill either, he was the patsy they used to call us all a bunch of racists. Too bad it doesn’t work anymore.

  30. huffingtonpost.com/2009/12/22/nations-largest-nurses-or_n_400765.html

    Nation’s Largest Nurses Organization: Health Care Bill Cedes too much to Insurance Companies

    (do no harm! – nurses join the doctors!)

    National Nurses United, the nation’s largest registered nurses union and professional organization, declared on Tuesday that the Senate health care bill gives away too much to insurance companies and “fails to meet the test of true health care reform.”

    “It is tragic to see the promise from Washington this year for genuine, comprehensive reform ground down to a seriously flawed bill that could actually exacerbate the health care crisis and financial insecurity for American families, and that cedes far too much additional power to the tyranny of a callous insurance industry,” said co-president Karen Higgins in a statement.

    “Sadly, we have ended up with legislation that fails to meet the test of true health care reform, guaranteeing high quality, cost effective care for all Americans, and instead are further locking into place a system that entrenches the chokehold of the profit-making insurance giants on our health. If this bill passes, the industry will become more powerful and could be beyond the reach of reform for generations,” she added.

    The group argued that the bill does not do enough to control prices considering it would force all Americans to buy insurance. They say many of the same flaws are in the House bill, and they don’t expect the legislation to be improved in conference committee.

    National Nurses United is a “super union” formed this year by the combination of three major nurses organizations. The American Nurses Association supports the Senate health care bill.

    Here’s the full statement:

    The 150,000 member National Nurses United, the nation’s largest union and professional organization of registered nurses in the U.S., today criticized the healthcare bill now advancing in the U.S. Senate saying it is deeply flawed and grants too much power to the giant insurers.

    “It is tragic to see the promise from Washington this year for genuine, comprehensive reform ground down to a seriously flawed bill that could actually exacerbate the healthcare crisis and financial insecurity for American families, and that cedes far too much additional power to the tyranny of a callous insurance industry,” said NNU co-president Karen Higgins, RN.

    NNU Co-president Deborah Burger, RN challenged arguments of legislation proponents that the bill should still be passed because of expanded coverage, new regulations on insurers, and the hope that it will be improved in the House-Senate conference committee or future years.

    “Those wishful statements ignore the reality that much of the expanded coverage is based on forced purchase of private insurance without effective controls on industry pricing practices or real competition and gaping loopholes in the insurance reforms,” said Burger.

    Further, said NNU Co-president Jean Ross, RN, “the bill seems more likely to be eroded, not improved, in future years due to the unchecked influence of the healthcare industry lobbyists and the lessons of this year in which all the compromises have been made to the right.”

    “Sadly, we have ended up with legislation that fails to meet the test of true healthcare reform, guaranteeing high quality, cost effective care for all Americans, and instead are further locking into place a system that entrenches the chokehold of the profit-making insurance giants on our health. If this bill passes, the industry will become more powerful and could be beyond the reach of reform for generations,” Higgins said.

    NNU cited ten significant problems in the legislation, noting many of the same flaws also exist in the House version and are likely to remain in the bill that emerges from the House-Senate reconciliation process:

    1. The individual mandate forcing all those without coverage to buy private insurance, with insufficient cost controls on skyrocketing premiums and other insurance costs.

    2. No challenge to insurance company monopolies, especially in the top 94 metropolitan areas where one or two companies dominate, severely limiting choice and competition.

    3. An affordability mirage. Congressional Budget Office estimates say a family of four with a household income of $54,000 would be expected to pay 17 percent of their income, $9,000, on healthcare exposing too many families to grave financial risk.

    4. The excise tax on comprehensive insurance plans which will encourage employers to reduce benefits, shift more costs to employees, promote proliferation of high-deductible plans, and lead to more self-rationing of care and medical bankruptcies, especially as more plans are subject to the tax every year due to the lack of adequate price controls. A Towers-Perrin survey in September found 30 percent of employers said they would reduce employment if their health costs go up, 86 percent said they’d pass the higher costs to their employees.

    5. Major loopholes in the insurance reforms that promise bans on exclusion for pre-existing conditions, and no cancellations for sickness. The loopholes include:

    * Provisions permitting insurers and companies to more than double charges to employees who fail “wellness” programs because they have diabetes, high blood pressure, high cholesterol readings, or other medical conditions.
    * Insurers are permitted to sell policies “across state lines”, exempting patient protections passed in other states. Insurers will thus set up in the least regulated states in a race to the bottom threatening public protections won by consumers in various states.
    * Insurers can charge four times more based on age plus more for certain conditions, and continue to use marketing techniques to cherry-pick healthier, less costly enrollees.
    * Insurers may continue to rescind policies for “fraud or intentional misrepresentation” – the main pretext insurance companies now use to cancel coverage.

    6. Minimal oversight on insurance denials of care; a report by the California Nurses Association/NNOC in September found that six of California’s largest insurers have rejected more than one-fifth of all claims since 2002.

    7. Inadequate limits on drug prices, especially after Senate rejection of an amendment, to protect a White House deal with pharmaceutical giants, allowing pharmacies and wholesalers to import lower-cost drugs.

    8. New burdens for our public safety net. With a shortage of primary care physicians and a continuing fiscal crisis at the state and local level, public hospitals and clinics will be a dumping ground for those the private system doesn’t want.

    9. Reduced reproductive rights for women.

    10. No single standard of care. Our multi-tiered system remains with access to care still determined by ability to pay. Nothing changes in basic structure of the system; healthcare remains a privilege, not a right.

    “Desperation to pass a bill, regardless of its flaws, has made the White House and Congress subject to the worst political extortion and new, crippling concessions every day,” Burger said.

    “NNU and nurses will continue to work with the thousands of grassroots activists across the nation to campaign for the best reform, which would be to expand Medicare to cover everyone, the same type of system working more effectively in every other industrial country. The day of that reform will come,” said Ross.


    at least someone is paying attention to the details

  31. Thanks..I was really pissed as I was listening to CNN on satellite on way home and they (that panel with Brazille) seemed to be suggesting the tide was turning in favor as the public got to know more about the bill.

  32. wbboei
    December 22nd, 2009 at 3:22 pm

    Here is what I was referring to Whitehouse


    Like I said before, when your opponent has dug himself a hole and he asks for your help, you get right in there and help him shovel. At least, thats what I see..

  33. S
    December 22nd, 2009 at 3:46 pm

    This is the arm of California Nurses Association that has been advocating for single payer system. Over the past couple of years, unions have joining forces to create a super nurses union. The American Nurses Association is mostly made up of educators, managers, etc., thus they support this debacle of a health insurance reform The bedside nurses comprise the now super union. Who would you believe?

  34. Jan–if you read the British Press you see this ap nonsense is a lie. It is so easy to paper over this disaster and that is what this article does. I have never seen one single ap story that was critical of The Fraud. Not one. What does that tell you about their commitment to the truth. This is a rehash of the cover story they published at the time, to cover his massive faux pases.

  35. Twas the night before Christmas, and all through the Senate
    Dems schemed over health care. Who cares what was in it?
    The majority planned, in guise of reform,
    To pass their agenda in one perfect storm.

    “We own the whole Senate!” cried they with a grin.
    “Not to mention the House! It’ll get voted in.”
    (Though there was no need, at least right this second;
    But the vision of partisan triumphing beckoned.)

    The Republican Senators of course could not win
    Because their minority was simply too thin.
    – But across every state there rose such a clatter
    From people the Democrats thought didn’t matter.

    So Dems sprang to their desks and they ran to the floor
    To pass something quick, lest the mob at the door
    Would then make it clear, in terms fairly raucous
    That the country was mad at their pork-ridden caucus.

    “Hey, POTUS! Hey, Speaker! Hey, YOU! Harry Reid!
    What games are you playing in our hour of need?”
    The jobs are all going, we know who to blame:
    And don’t think to worry: we’ll remember your name.”

    Burris could care less, because he’s retiring;
    He knows that he can’t be subject to firing.
    And so, Blago’s Revenge can push for a fight
    That won’t ever cost him a single lost night.

    They bribed their three-fifths, there under the dome
    And bleary-eyed Senators rose to go home.
    A party-line vote – and wasn’t it fun?
    Because I assure you, it’s only begun.

    The people out there did vote for Obama
    They didn’t vote, though, for this kind of drama.
    Poll numbers on this have dropped out of sight!
    So Merry Christmas to all! Hugs and kisses, the Right.


    As a candidate he had the benefit of a blank state. He had a history of Rezko, Alice Palmer, and other sordid dealings, but big media covered it up and savaged his opponents. This allowed him to pitch his tent in the garden of hope. He fed the country a secular religion worthy of a revivalist tent show. His was the land of airy dreams and fond aspirations. It triggered the magic thinking of millions of desperate and naive people.

    But then a funny thing happened. He became president and suddenly words were not enough. He had to govern. As der Spiegel points out: ” a leader is seen by citizens through the prism of their lives — their job, their household budget, where they live and suffer. And, in the case of the war on terror, where they sometimes die.” Obama has not changed. It is the criteria by which he is measured that has changed.

    Trust me. Schmumer knnows the electorate will not forget about this by election time. He knows the propaganda cannot overcome pain. He and his cohorts have simply weighed the equities and concluded, wrongly in my judgment, that some bill is better than no bill at all. The Hypocratic Oath–first do no harm belies their thinking.

    The bill they passed gave a Christmas present not to the American People as the feckless Tom Harkin suggests but to the Republican Party. If they use it effectively, and particularly in the manner I suggested previously then it will be for them the gift that keeps giving. But they have got to go rogue and knock off the 19th hole complacency.

    Putting dimocrats on television who conspired with Karl Rove to defeat Hillary will not assuage the wrath of the American People as they learn what this under the table deal connived with big business and intended to reward certain constituencies means to them. They will see in through the prisim of their own lives. As he falls in the polls, so does their credibility even before they line up themselves to feed at the trough.

    In the true spirit of the holiday season the lovable, the benighted Senator from New York would do well to ponder this little ditty. As an independent voter this is my Christmas present to him and to Tom Harkin as they pretend to deny that this bill will matter to the electorate next year. It comes from Hot Air:

    Twas the night before Christmas, and all through the Senate
    Dems schemed over health care. Who cares what was in it?
    The majority planned, in guise of reform,
    To pass their agenda in one perfect storm.

    “We own the whole Senate!” cried they with a grin.
    “Not to mention the House! It’ll get voted in.”
    (Though there was no need, at least right this second;
    But the vision of partisan triumphing beckoned.)

    The Republican Senators of course could not win
    Because their minority was simply too thin.
    – But across every state there rose such a clatter
    From people the Democrats thought didn’t matter.

    So Dems sprang to their desks and they ran to the floor
    To pass something quick, lest the mob at the door
    Would then make it clear, in terms fairly raucous
    That the country was mad at their pork-ridden caucus.

    “Hey, POTUS! Hey, Speaker! Hey, YOU! Harry Reid!
    What games are you playing in our hour of need?”
    The jobs are all going, we know who to blame:
    And don’t think to worry: we’ll remember your name.”

    Burris could care less, because he’s retiring;
    He knows that he can’t be subject to firing.
    And so, Blago’s Revenge can push for a fight
    That won’t ever cost him a single lost night.

    They bribed their three-fifths, there under the dome
    And bleary-eyed Senators rose to go home.
    A party-line vote – and wasn’t it fun?
    Because I assure you, it’s only begun.

    The people out there did vote for Obama
    They didn’t vote, though, for this kind of drama.
    Poll numbers on this have dropped out of sight!
    So Merry Christmas to all! Hugs and kisses, whats Right.

  37. wbboei
    December 22nd, 2009 at 5:07 pm

    I agree. Although it was the first part of the article and how he got into the meeting that really made me cringe.

  38. Perhaps it has already been posted, however, in case it has not and for a little corny fun about Obamacare, go to


  39. After Ripping Clinton And McCain, Obama Embraces Their Policies

    In an interview with The Washington Post on Tuesday, President Barack Obama challenged his critics to identify any “gap” between what he campaigned on last year and the health care legislation Congress is on the verge of passing.

    Critics, however, do have a few of his campaign pledges to point to. Most notably, Obama launched high-profile attacks against two of his campaign opponents for taking policy positions that are now reflected in the final Senate bill.

    Obama made health care in general a major part of his campaign so that when he won, he could claim a mandate and push for reform during his first year.

    In doing so, Obama savaged his primary opponent, Hillary Clinton, for arguing that people should be mandated to buy health insurance.

    “If a mandate was the solution, we could try that to solve homelessness by mandating everybody buy a house,” he said on a CNN morning show on Super Tuesday during the election. “The reason they don’t have a house is they don’t have the money. So our focus has been on reducing costs, making it available. I am confident that if people have a chance to buy high quality health care that is affordable, they will do so. And that’s what our plan does, and nobody disputes that.”

    Obama ripped into his general election opponent, John McCain, for supporting a tax on private insurance, blanketing swing states with mailers and ads saying that McCain was raising taxes and that his plan would lead employers to drop coverage.

    “He gives you a tax credit with one hand — but he raises your taxes with the other,” Obama said at the time. “Many employers will drop their healthcare plans altogether.”


  40. Has anyone heard what has happened to Glenn Beck’s reporting of the antics of the Obama administration. It seems to me he isn’t keeping up the push against them. The last thing that happened was that he got a text message from the WH at the end of the show and thats the last time he has had any push whatsoever against them. I wonder if the was threatened or bought off??


  41. confloyd,

    Have you every heard of anything so ridiculous as the White House sending emails to news programs? They are running the country during a very dire time and they still have time/are so oversensitive that they have to censor the media?

    I heard this morning that “Morning Joe” has also been getting emails. I can just imagine how many other news broadcasts are on the receiving end of such heavyhandedness. Apparently one of the emails said that the interviews were too one-sided against the dims and needed to be more balanced.

    This is absolutely ludicrous. What’s more, it is definitely the beginning of a full-fledged dictatorship, complete with media takeover.

  42. Graham Calls HC Bill Ponzi scheme. And any Democrat that supports this Bill is a Co-conspirator.

    Admin- please post this video when you can… thanks 🙂

  43. I noticed the same thing that Monday and Tuesday Glen Beck did puff shows, I wonder what is up. I don’t agree with all his view’s, but love there’s at least one person on TV that’s not afraid to speak without fear.

  44. Graham wants investigation

    By Clark Brooks, The Greenville News

    Monday, December 21, 2009


    U.S. Sen. Lindsey Graham said Sunday that he wants South Carolina’s top prosecutor to investigate a deal that helped secure the 60th vote needed to pass a Democratic health care bill through the Senate.

    Blasting Senate Democrats for what he called “backroom deals that amount to bribes,” Graham found much to complain about in their health care bill. He was particularly irked that the senator who provided that final vote to head off a Republican filibuster, Ben Nelson of Nebraska, cut a deal in which the federal government pays his state’s share of the cost for new Medicaid recipients.

    Graham, a South Carolina Republican, called on state Attorney General Henry McMaster to review the constitutionality of the deal, and a McMaster spokesman said he looks forward to meeting with Graham to discuss it.

    “There is one state in the union where new enrollees for Medicaid will be signed up and it won’t cost anybody in that state money,” Graham said on CNN’s “State of the Union.”

    “A lot of people, Republicans and Democrats, are upset by this,” Graham said. “Is it constitutional? I want the attorney general of South Carolina to look at this.”

    Nelson, who skirted the issue in a news conference Saturday, confirmed the deal in a CNN interview Sunday. But he said he didn’t ask for special favors.

    “What I said is the governor of Nebraska has contacted me, he’s said publicly he’s having trouble with the budget, this will add to his budget woes. And I said, ‘Look, we have to have that fixed.’ ”

    Graham also was upset that Nelson, a pro-life Democrat, compromised on abortion.

    “I think Sen. Nelson lost a lot of trust in the pro-life community for pushing a compromise that no one on our side believes works,” Graham said.

    With no Republican support for the bill, Democratic leaders had a hard time compiling the 60 votes needed to avoid a Republican filibuster.

    The deal-making, Graham said, was “seedy Chicago politics when you think about it, backroom deals that amount to bribes.” It will make it difficult for Graham and other Republicans in the Senate to work with Democrats on other important issues, such as climate change, he said.

    South Carolina Sen. Jim DeMint was an early leader among Republican health care reform opponents, proclaiming that thwarting Obama’s efforts could make health care his Waterloo.

    “This process is not legislation. This process is corruption,” Sen. Tom Coburn, R-Okla., said Sunday, according to the AP.

    Democratic Sen. Sheldon Whitehouse of Rhode Island responded in a speech on the Senate floor, he said Republicans are embarked on a “no-holds- barred mission of propaganda, obstruction and fear. … There will be a reckoning. There will come a day of judgment about who was telling the truth.”


  45. From Ace

    Rep. Griffith: Hey, I Just Noticed the Party I’ve Belonged To My Whole Life Is Sort of Liberal ‘n Stuff
    Ehh… Still nice to hear him go all Zell Miller (or at least partial Zell Miller).

    But let’s face it, this is a load of crap.

    But: still good to hear.

    Hooboy: Griffiths said this:

    I think America’s greatest enemy is America and its materialism. And I think that we have nothing to fear from radical Islam. We have nothing to fear from any other religion if we are strong on our own beliefs. I don’t fear radical Islam.
    Ummm…. okay bye-bye now.

    What he’s doing there is the standard leftist boilerplate which explains that those on the left are too brave, and too confident in America, to have to fear radical Islam, like those pants-wetting conservatives do.

    It’s a lot of crap used to defend a posture of calculated indifference on jihadism.

    He is working on a story which will expose The Fraud. Right now he is playing rope a dope to the White House. That would be my surmise. You can see how well he responds to their threats. Its like that man I met on an airplane who ran whorehouses in Memphis and did collection work told me: if they threaten you you make them do it. Make them do it. He also told me that he is a con man, but he is the short con. The long con he told me was the banks and insurance companies. Now that was the voice of experience.

  47. Party I’ve Belonged To My Whole Life Is Sort of Liberal ‘n Stuff
    More important than even that–sort of CHICAGO.

  48. I was trying to figure out who Ben Nelson looks like. There was a monkey faced actor of film noire movies of the 1940s who played thugs and co-starred in the role of Max with Robert Wagner and Stefanie Powers in the television series Hart to Hart. Nelson is a dead ringer for him—with a bad rug.

  49. SHV posted this at No Quarter, and I told him it is brilliant. It is.

    Drew Westin and all of the other disaffected Obama shills are still projecting their values onto Obama’s blank screen. They assume that Obama is really for Gay rights, reproductive rights etc.and he is a poor leader. I would argue that he has accomplished exactly what he believes about women and Gays.

    Afraid to fight for Health care, Bullsh*t…Obama got exactly the legislation that was agreed upon during the primary for the $20+ million that he received from the health care industry. This legislation is exactly what was negotiated with the Insurance, Hospital and Pharma CEOs and lobbyists in Jan, Feb and March. Even Russ Feingold admitted that the Senate bill is exactly what Obama wanted.

    These clowns, who are now hoping that Obama will grow a “spine” are still in denial that they were suckered by a Chicago Politician. Obama is showing the one true attribute of a Chicago Pol., he stays bought. He has now payed off the Banksters, Wall Street, the Health Industrial Complex, next will be Big Coal, Nuclear, GE and more to Goldman.

    Obama’s only politics are “It’s all about HIM”..the first Black President, Health Reform, etc…the fact that he traded away the Nation’s future for the nearly $1 billion in campaign funds is of no consequence to a pathological narcissist.

  50. Obamacare Will Alienate Americans
    Tuesday, 22 Dec 2009 03:58 PMArticle Font Size
    By: Dick Morris

    Obama’s healthcare bill, the poisoned Kool-Aid making its way through the Senate, will not confer any of its supposed benefits on Americans until 2013. But they will find themselves chafing at its restrictions and paying its taxes immediately after the law takes effect. Then, they will see no gain, but plenty of pain, for the next three years.

    This odd juxtaposition of “suffer now, benefit later” is the byproduct of the administration’s sleight of hand in specifying ten years worth of cuts and taxes in the legislation, but deferring its benefits for the first four years. By comparing six years of spending with ten years of taxing, it managed to appear deficit neutral under the rules of the Congressional Budget Office. In fact, the annual revenues fall far short of covering any single year’s worth of spending, adding to the deficit for each of the last six years over the next ten, but, viewing the decade as a whole, it appears deficit neutral.

    Yet the political price is hardly neutral. Democrats who misguidedly vote for this monstrosity will face immediate political repercussions.

    The harshest of these backlashes will come from the elderly who will suddenly visit their doctors and be told “no” when they ask for therapies or treatments. The rationing of medical care will start immediately on enactment and, one hopes, the outraged phone calls will start to descend on those whose votes enabled it.

    The first “no” will hit the ten million elderly who now rely on Medicare Advantage to pay for the care Medicare itself does not cover. In a payoff to AARP, Obama gutted this program in his bill, ending over $100 billion in federal premium subsidies. These ten million voters will get the grim news that their premiums are going up and their benefits dropping early in 2010. The goal, of course, is to force them to drop Medicare Advantage and sign up, instead, for Medigap insurance — offered, not coincidentally, by the AARP — which provides less coverage at higher cost.

    Young people without health insurance can expect to start writing $750 annual checks to Washington to pay the fines written into the bill. (And, after the conference committee finishes its work, the fines may be higher.)

    All Americans will soon find their insurance premiums rising as a result of the bill. The young, uninsured will not buy policies. Why should they? Why not just pay the $750 fines each year? Why pay between two percent and 10 percent of their household income before subsidies kick in? It makes no financial sense for anyone making more than $30,000 to pay for coverage. (And most of those under that threshold will be covered by Medicaid, not by private insurance.)

    There is no reason for the young to buy private insurance. The legislation requires that health insurers take all comers and not raise rates based on pre-existing conditions. So the young can get coverage when they need it, having only paid $750 per year beforehand.

    The difference in cost will, of course, be borne by families throughout America who will see their health insurance premiums increase. President Obama and his Democratic rubber stamps may appreciate that they are not raising taxes on the middle class, just raising mandatory health insurance premiums, but the distinction is likely to be lost on swing voters.

    From now on, any increase in health insurance premiums will become the political responsibility of the Obama administration. As Gen. Colin Powell once said of Iraq, “You break it. You own it.” Since these premiums have been rising by an average of 10% per year for more than the past decade, this is a legacy most politicians would sensibly avoid if they could.

    © Dick Morris & Eileen McGann

  51. h/no w
    a very dangerous provision concerning the Independent Medicare Advisory Board.

    Apropos of which, according to the text of the bill, the IMAB’s job is to develop recommendations to “reduce the per capita rate of growth in Medicare spending” based on actuarial projections, and to do so without rationing health care, raising revenues or Medicare beneficiary premiums, or reducing payment rates for services or to providers. With all these contradictory restrictions on what the IMAB can and cannot do to reduce Medicare spending growth, why do I suspect the solution lies with a non-obvious solution that the Senate would rather not name?

    The dangerous language I alluded to earlier occurs several times in new section proposed for Title XXIII of the Social Security Act, to wit:
    …it shall not be in order in the Senate or the House of Representatives to consider any bill, resolution, amendment, or conference report that would repeal or otherwise change….”
    This language applies to the requirements of several provisions of the law, including IMAB recommendations and the language of the subsection itself, unless 60 senators agree beforehand to consider such a bill, resolution, etc. What’s so special that you need 60 votes to even think about changing the law?

  52. Top 10 Reasons to Kill Senate Health Care Bill
    Forces you to pay up to 8% of your income to private insurance corporations – whether you want to or not
    If you refuse to buy the insurance, you’ll have to pay penalties of up to 2% of your annual income to the IRS.
    Many will be forced to buy poor-quality insurance they can’t afford to use, with $11,900 in annual out-of-pocket expenses over and above their annual premiums
    Massive restriction on a woman’s right to choose, designed to trigger a challenge to Roe v. Wade in the Supreme Court
    Paid for by taxes on the middle class insurance plan you have right now through your employer, causing them to cut back benefits and increase co-pays
    Many of the taxes to pay for the bill start now, but most Americans won’t see any benefits – like an end to discrimination against those with preexisting conditions – until 2014 when the program begins.
    Allows insurance companies to charge people who are older 300% more than others
    Grants monopolies to drug companies that will keep generic versions of expensive biotech drugs from ever coming to market.
    No re-importation of prescription drugs, which would save consumers $100 billion over 10 years
    The cost of medical care will continue to rise, and insurance premiums for a family of four will rise an average of $1,000 a year – meaning in 10 years, your family’s insurance premium will be $10,000 more annually than it is right now.


  53. This is quiet an interesting take on what Obama’s true intent is. From Big Government.

    HomeExclusivesCategoriesContributors Obama: A Republican Plant?by Bob Parks
    Many of us had no idea the Republican Party had it in them, but to devise and implement such a plan was ingenious. Think about it; party leadership acting totally inept while a charismatic young Democrat presidential candidate captures the imagination of the normally lethargic youth vote, captures the senior vote, women, and even sends a thrill up the leg of the media.

    And within a few short months after attaining the presidency, he conducts himself in a manner (personally and in office) that had not only invigorated his political opponents, but has them so energized they take to the streets and even march on The Capitol (more than once). One would have to conclude Barack Hussein Obama is either the most politically clueless president ever, or… is really a stealth Republican destroying the Democrat Party from within.

    Is Barack Obama a Republican plant?

    The left’s political correctness has been an obvious component in implementing this plan. Normally, the media would be performing the customary colonoscopy on the background of the man who would be president. Teams of reporters were dispatched to Alaska for any clue as to where Sarah Palin’s pedicurist dumped the toenail clippings, but when it came to Barack Obama, all he needed do was slam the door shut on any details into his past and the press was fine with that.

    Constantly hanging over their PC heads was the veiled threat of racism, a tactic that must have had Obama’s GOP cohorts rolling on the floor as it was a lock the left would play along. Even more convenient were the theories that surfaced on why his past was being kept secret. The Birther Movement was a gift that had many at each other’s throats while Obama’s true past as a conservative Republican was totally ignored.

    But as a relatively inexperienced black Democrat running for the nation’s highest office, the one thing the Republicans didn’t initially plan for (but made most use of later) was the liberal obsession with GOP hate. The left hated George W. Bush more than they loved candidate Obama, and while that required a tweaking of the original plan, it’s that very hate that made his goals after the election even easier to attain.

    There were many fortunate results of that Bush hate. The normally unreliable youth vote became energized with the use of two simple, yet meaningless words; “hope” and “change”. Suspect Republicans were outed by their public turncoat support of Obama, the mighty Oprah electorate was fractured by her private (but very public) campaigning, Hollywood found yet another pet cause to make themselves feel over-the-top relevant, and many Americans voted for him because they more feared the scarlet “R” that would appear on their foreheads should they not.

    Political correctness, race-baiting, white-guilt; liberal weapons were ingeniously turned back on them by Barack Obama, and knowing the left as they did, was probably the part of the plan that took the least effort to implement, yet harvested the most fruit.

    And don’t be fooled by the overuse of the teleprompter. Initially a bad joke during planning, it’s now a very visible part of the parody that’s become the Obama presidency.

    Once Barack Obama became president, the overall goal was simple: destroy the Democrats from within. This has to be done with some care because of the hazard of being too obvious. Discretion was key.

    One aspect of the plan was to reveal the juvenile nature of the Democrat constituency to the world audience from the very first few minutes of his term. That constituency gleefully played along from their Third World-like taking to the streets on Election Night, to the televised booing of Bush during the Obama inauguration. The juvenile nature of the left would be a well the Republican planners knew they could dip into often. It not only lowered the guard of narcissistic liberals, but very quickly inflamed vanquished conservatives to the point of later taking to the streets themselves.

    The balancing act of discretion and effectiveness was almost a joy to watch.

    Barack Obama was able to direct the appointment of a barely lucid old man to replace him in the Senate, and by cleverly doing so, brought the uber-corrupt Democrat Chicago machine into the world spotlight, and eventually brought down the Democrat Illinois governor, and has left a legal cloud of suspicion over the head of Congressman Jesse Jackson, Jr. That is what Republicans call a bonus.

    Upon taking office President Obama had to further enrage the Republican base, so he quickly and publicly rescinded some of the effective policies of George W. Bush by executive order. And then the fun began.

    He campaigned as a Democrat who would work with Republicans, but named ultra-partisan Rahm Emanuel as White House Chief of Staff. In a move that could have been considered parody, he named Timothy Geithner to be his Secretary of the Treasury. A man who would be in charge of collecting all of our taxes while not paying his own. The media later questioned why Geithner wasn’t properly vetted.

    He was.

    Barack Obama later named former Senator Tom Daschle to be his head of Health and Human Services. It was later revealed Daschle had tax problems of his own. The media later questioned why Daschle wasn’t properly vetted.

    He was.

    Barack Obama named environmental activist Van Jones to be one of his many czars. When video and audio surfaced of Jones making questionable statements (including calling Republicans “assholes”), the media later questioned why Jones wasn’t properly vetted.

    He was.

    While spotlighting the liberal extremes he was installing into policy positions, he set then set out to maim the Democrat Party.

    It began by his intentional violation of the rules of economics. Recessions are cyclical. They just vary in length and severity. The usual practice of lowering taxes and reducing government spending usually signals to the private sector and Wall Street that stability was being sought, and stability and growth usually follows. The Obama-GOP aim was to violate the obvious rules and damage the economy using a socialist template that had the Democrat Party’s fingerprints all over it.

    Instead of reducing spending and taxes, Obama and his willing Capitol Hill cohorts came up with a plan to jump-start the economy: The Stimulus Plan.

    The government would “spend” $787 billion dollars we really didn’t have to create jobs. Of course, that immediately sent the wrong signals to Wall Street and the economy continued to plummet. Banks began to lose their solvency, and Obama’s Democrats (under the cover of Phase I put in motion by President Bush) began using tax money to keep financial institutions from “failing”.

    The financial community were, for the most part, loyal Democrats. To create doubt and an eventual shift, Obama began to use public admonishment and later a “pay czar” to regulate the salaries and bonus of banking executives. If that wasn’t enough, Obama instigated unions to harass bank executives by organizing bus tours to their neighborhoods. The result was a financial infrastructure in fear.

    The auto industry was the next target of Barack Obama and his ideologues. Normally, economic cycles dictate whether businesses are profitable, in peril, or should either be disbanded or restructured. Obama took automakers who were underwater because of employee legacy obligations, and instead of allowing them to restructure, directed the federal government to take over the willing.

    In his ongoing attempt to create suspicion on the Democrats, he saw to it that car companies that accepted handouts would downsize. Of course, that downsizing would have to affect the little guy. Many dealerships had to close so a criteria had to be developed to decide which survived and which would not. Rahm Emanuel made that choice easy. If the dealership owner gave money primarily to Republicans, it was closed.

    It was nice to have a look-the-other-way media on their side.

    On the foreign policy front, Barack Obama’s goal to his supporters was to make the world like us again. Obama knew the world did. After all, more people emmigrate to the United States than immigrate from. Whenever there is a natural or man-made disaster, who is usually the first to offer welcomed assistance? But it again came down to capitalizing on the left’s Bush hatred, so what would normally be considered going over the top was heartily welcomed.

    Obama went around the world, seemingly apologizing for everything evil that was America. The script was easy as it was just a recitation of every left wing rant heard from Democracy Now! to Colorado high school teacher Jay Bennish’s classroom. Many who initially supported Obama, Independents and veterans, are constantly annoyed by this, which is why Obama continues to do so.

    Let’s not forget what Obama has successfully done to race relations in this country in the Democrats name. One word will forever represent the divide he so well exacerbated: “stupidly”.

    While many are now beginning to understand the junk science and dubious financial interests behind global warming-climate change, Barack Obama would also use this to try and further burden the economy. His Cap-and-Trade proposals would not only severely slow the economic engine of the United States, but would also impose higher taxes and costs on the American people.

    Cap-and-Trade is a Democrat concoction, thus Democrats will get the blame should it be passed.

    The same with universal health care. While avoiding all the real problems with health care (frivolous lawsuits against doctors, lack of insurance company competition in some states), Obama played the failed Democrat playbook again and seeks government control over the entire health care industry. Note how Obama just sat back and allowed the far left to dictate and leave their fingerprints all over the terms of the legislation.

    The results of Obama’s first ten months in office have been incredibly successful for the Republican Party, thus Barack Obama’s implementation of the GOP plan has been flawless.

    In off year elections, the Democrat party lost two high-profile races for governor. Behind closed doors, Congressional and Senatorial Democrats are freaking out with the prospect of being slaughtered during the 2010 midterm elections, and what is Barack Obama doing?

    Pushing the very policies that the American people pushed back against at the ballot box, going on foreign trips for photo ops while jobless numbers rise. What many of us noted as Barack Obama’s arrogance and hubris, it was really an over-the-top performance that makes always-angry liberals relax while the growing-angry right is further inspired.

    Barack Obama is no accidental gift to the Republican Party. While he bows to every foreign leader possible, he’s really taking a bow for the GOP that secretly installed him as president to do what no Republican could ever get away with. Republicans owe a sincere debt to Mr. Obama who sacrificed many years of his life to prepare for the total (and willing) destruction of the Democrat Party.

    And the best is yet to come

  54. What did I tell you, the REpublicans are leaving for Christmas break. I said they would not fight the bill, its all theatrics. The republicans got the bill they wanted.

    I can see why the liberals are so mad, they’ve got nothing that they wanted. Its Bush III, the rethugs are happy and smiling. As they say over at TC, the senate has made all women Catholic now.

  55. Here is some more lying by BM. This is in Connecticutt. So many unemployment claims it overwhelmed the server. The media is reporting a drop in unemployment. Unbelieveable!!

    Unemployment claims have been flooding into the state Department of Labor, dragging the filing system to a crawl.

    “Due to the high volume of claim filing, you may experience some difficulty filing your claim via the Web or by telephone. We apologize for any inconvenience,” the Web site says.

    A spokeswoman says the Department of Labor issued 156,673 benefit checks during the week of Dec. 13-19, up nearly 50 percent from 105,431 last year.

    The agency has been “incredibly busy” with claims and was “flooded with calls,” she said.

    Gary Horn, of West Hartford, says he and his wife, who has been unemployed from a playground design company for a year, got through to the Labor Department’s automatic filing system after hours of trying.

    The system overload comes just a couple days after the state announces that the unemployment rate dropped from 8.8 percent in October to 8.2 percent

  56. If Obama is still popular with 18-29 year olds as Frank Luntz claims then it is only because they do not understand that they will be forced to buy health insurance they do not want and cannot afford. When that fact finally strikes home his approval ratings with that group will dive as well. Like a submarine dive dive dive. Campaign ads in three battlegound states a few weeks ago confirms this assumption. Demoralization and despair lie at the end of that trail.

    Unless they are deaf blind and dumb the elites who selected Obama are having severe second thoughts about the wisdom of their choice. They assumed the risk that he would fold like a cheap watch. And now it is happening.

  57. State Department releases Hillary schedule: 🙂


    State Department spokesman PJ Crowley fills us in:

    And finally, a few of you have asked about the schedule of the Secretary of State over the next few days. I can tell you this morning the Secretary departed Washington and she stopped at the North Pole for an important bilateral meeting with a well known international figure. During the meeting, in a formal demarche, sung to the tune of Twelve Days of Christmas, the Secretary outlined her aspirations for the new year.

    They include, and feel free to hum along: open and accountable governments, Middle East negotiations, more civilians in Afghanistan, empowerment of women, fewer nuclear weapons, respect for human rights, resolution of historic grievances, treaties through the United States Senate, Six-Party Talks, dialogue with Iran, enough food for people of the world to eat, climate change legislation, and lastly, a championship for the Boston Red Sox. Okay, that last one’s not on her list, but Harold Koh and I thought it was important that we mention that here.

    One reporter then pressed Crowley to admit the situation was bleak if the Secretary had to call on Santa for help with that wish list:

    QUESTION: And it’s gotten that bad, huh? She’s got to go ask Santa for this stuff? (Laughter.) That’s a pretty damming statement.

    MR. CROWLEY: Whatever it takes. With that, I’ll be happy to take your questions.

  58. An article which repeats some of our questions/answers, and our own words, like “arrogant”:


    Whether it’s a “big victory” for the Democratic Party depends on whether you buy Mr. Emanuel’s wager about 1994. The Emanuel Wager goes like this: It was the Democrats’ failure in 1994 to pass a health-care bill that ushered in the Gingrich takeover of Congress. In his own meetings with Democrats, former President Bill Clinton has pressed the same line.

    This was the message Mr. Emanuel delivered personally to Mr. Reid, when he urged him to cut a deal with holdout Joe Lieberman. This was the message the president echoed two days later in the West Wing, when he told Democrats that no piece of legislation would be perfect. And this appears to be the message embraced by Mr. Reid and House Speaker Nancy Pelosi, given their willingness to accept any amendment to get some health-care bill passed.

    So here’s the rub: Emanuel’s Wager holds only if the merits of the legislation matter not at all. [snip]

    Whether this same cynicism applies to the American people, however, is another question.

    Here the signs should be less reassuring to Democrats. As polls have consistently shown, the more Americans learn about Democratic plans for health care, the more the opposition grows. Mr. Reid appreciates this dynamic, which is why he wrote his bill behind closed doors, when only Santa could have any real idea of who’s earning a place on the naughty list.

    If Mr. Emanuel is right, once health-care legislation is passed and Mr. Obama spins it as a huge victory, the American people will forget their objections and the Democrats will get credit for passing historic reform. If so, that will be some achievement. Because it means building on a health-care package supported by fewer than 38% of Americans (the RealClearPolitics poll average).

    If the merits do matter, by contrast, passing this bill could prove more costly than failure. Mr. Obama has been unequivocal in his public statements. In his telling, this legislation will lower costs, reduce the deficit, help small businesses, maintain the status quo on abortion, offer Americans more choices, and so forth.

    All these promises may look different when the details emerge, and we learn what change really means. If the president’s promises do not hold up, all these Obama statements will be chopped into campaign ads that cut right to his credibility. As for his allies in the Senate, the 60 to 40 party-line vote to close debate means that every Democrat there can be held up as the deciding vote.

    It’s also unclear whether the traditional standbys for avoiding public accountability—e.g., hiding behind procedural votes—will fly this time. In the last few months, the American people have been watching. And they have learned a great deal about filibusters, manager’s amendments, reconciliation, special Medicaid sweeteners for special states, etc.

    So they are not likely to be fooled by a senator who tries to have it both ways: by voting to keep this bill alive when his or her vote could have stopped it (Monday morning’s cloture vote), and then voting against it (the coming Christmas Eve vote) when passage was assured. Remember how well it worked for John Kerry in the 2004 campaign when his words explaining his votes on a supplemental to fund our troops were thrown back at him. Explained the then-presidential candidate: “I actually did vote for the $87 billion before I voted against it.”

    Mr. Emanuel was right to tell his fellow Democrats that the price of failure would be to make them all look weak. The question is whether there will be a larger price for looking arrogant.

  59. Perhaps balance will come from the state government. From GatewayPundit:
    Nebraska Governor Heineman joined Greta Van Susteren tonight.

    Governor Heineman: We’ve already made it clear Greta, we want all of these special deals removed. In fact this afternoon our other United States Senator, Senator Mike Johanns introduced an amendment to strip all the special interest deals from this bill and the democrats objected. That is really unfortunate. All these specials deals should be removed from the bill.

    Greta Van Susteren: Now you talk about all of these special deals… What about to your state alone? Are you willing to say we don’t want the $100 million in our state Nebraska?

    Governor Heineman: Absolutely. Nebraska doesn’t want a special deal. We only want a fair deal. We’re embarassed by what’s going on. We’re very surprised. Nebraskans are angry and upset about what occurred. And so they need to set this straight. I’ve also asked Senator Nelson and I’m going to repeat it again tonight. He has a chance tomorrow to vote no on cloture. That would be the best thing for Nebraska. The best thing for America. Send this bill back to committee. Go home for Christmas and think about it and get it right.

    Another item, from a TV station crawl: Terese Heinz has scheduled radiation treatments for breast cancer. I regret her diagnosis but welcome some karma for her husband Sen. John Kerry. Of course, Ms. Heinz has the best of insurance coverage.

  60. Carbon prices fall in wake of Copenhagen

    By Chris Flood and Fiona Harvey

    December 22 2009 02:00

    Carbon prices plunged yesterday in the aftermath of the Copenhagen conference on climate change, dealing a blow to the credibility of the European Union’s carbon-trading scheme.

    Prices for carbon permits for December 2010 delivery, the benchmark contract for pricing European permits, dropped nearly 10 per cent in early trading, before recovering to end the day 8.3 per cent lower at €12.41.

    Lower prices give companies less incentive to invest in cutting their greenhouse gas output. Analysts estimate that prices of more than €40 a tonne are required to stimulate investment in new low-carbon technologies.

    Carbon traders blamed the price fall on the Copenhagen conference, which produced an accord among the world’s biggest developed and developing countries to limit their greenhouse gas emissions, but omitted details on what those limits would be. Governments now have a month to submit formal pledges on how far they will reduce their carbon output.

    “This [accord] is a very disappointing outcome,” said Trevor Sikorski, director at Barclays Capital. “I see nothing here that should drive investment in low-carbon technology.” He said that it was “bearish for the market and bearish for the world”.

    The EU’s carbon price was created under the bloc’s emissions trading scheme, by which companies in energy-intensive industries are allocated trade-able permits to produce CO 2 . The number of permits issued is gradually ratcheted down, giving companies an incentive to cut their emissions in order to avoid having to buy extra permits from others.

    One reason for yesterday’s fall was that the EU did not raise its carbon-cutting targets as part of the Copenhagen accord. Its current target is to slash emissions by 20 per cent by 2020, but this could have been increased to 30 per cent if other countries had agreed a more ambitious deal.

    The higher target would lift carbon prices, as the bloc would have to reduce the number of permits issued. This now looks extremely unlikely, though Gordon Brown, prime minister, said yesterday that he would seek to raise the target in the next month.

    Emmanuel Fages of Société Générale/orbeo said that carbon permit prices could drop as low as €10 in the first quarter of 2010 as market participants, which have been oversupplied with quotas, would know for certain how much carbon had been emitted in 2009.

    The effects were also felt on the smaller market for United Nations-backed carbon credits, issued under the Kyoto protocol to projects that reduce emissions in developing countries.

    Eugen Weinberg, head of commodity research at Commerzbank, said that traders were now looking to the US, where a bill currently before the Senate would bring in a cap-and-trade system similar to Europe’s.

    UN agrees reform, Page 10 Lex, Page 16 Commodities, Page 30 http://www.ft.com/copenhagen

    (Aw- Little Georgie Soros was a very BAD boy. Santa is putting a worthless lump of coal in his Christmas stocking!)


  61. I’m really discouraged by what is happening to my country. The thieves are looting us and not even bothering to paper over their lies anymore. We have become an oligarchy, and both parties are owned.

    I was musing late last night over what We The People could possibly do to make them listen, as they do not fear our outrage in any way whatsoever. They don’t care about votes, because they own both parties. Makes no difference to them who we vote for. They don’t care about donation money, as they have plenty from their corporate masters. So what, short of armed revolution, would make them sit up and take notice. One can’t reason with them, or appeal to their better natures, so what could we the people do to make them AFRAID?

    The only thing I could think of to make them very very afraid is a bank run. Yep. Do what the banksters did last year, and threaten to crash the economy.

    Pick a date, and publicize it, and every single American who is fed up and sick and tired of their bullshit go to your bank and WITHDRAW every dime. If even 30% of the population did this, it would be a massive shock wave. They’d have to close the banks for a day or two, of course. Everyone wouldn’t get their money.

    But damn, that would scare them shitless if millions of Americans flexed their muscle like that. This is how discouraged I am – that I am thinking of things like this at 1am.

  62. “Mr. Emanuel was right to tell his fellow Democrats that the price of failure would be to make them all look weak. The question is whether there will be a larger price for looking arrogant.”



  63. Rep. Stupak: White House Pressuring Me to Keep Quiet on Abortion Language in Senate Health Bill

    Tuesday, December 22, 2009

    By Pete Winn, Senior Writer/Editor

    Rep. Bart Stupak (D-Mich.) said the White House and the Democratic leadership in the House of Representatives have been pressuring him not to speak out on the “compromise” abortion language in the Senate version of the health care bill.

    “They think I shouldn’t be expressing my views on this bill until they get a chance to try to sell me the language,” Stupak told CNSNews.com in an interview on Tuesday. “Well, I don’t need anyone to sell me the language. I can read it. I’ve seen it. I’ve worked with it. I know what it says. I don’t need to have a conference with the White House. I have the legislation in front of me here.”

    continued at…


  64. Mao Tse Tung and a drag queen decorate the White House Christmas tree

    December 22, 2009

    This year the White House enlisted the help of various community organizations to decorate the Blue Room Christmas tree. One organization was SAGE, or Senior Action in a Gay Environment. Drag queen Hedda Lettuce was at the Gay Community Center in New York the day they decorated some of the ornaments so decided to add her picture on an ornament and ship it to the White House. It was chosen to go on the tree.

    Another ornament chosen was that of Mao Zedong, the Communist leader of China.

    BigGovernment.com reports “The White House pegged controversial designer Simon Doonan to oversee the Christmas decorations for the White House. Mr. Doonan, who is creative director of Barney’s New York has often caused a stir with his design choices. Like his naughty yuletide window display of Margaret Thatcher as a dowdy dominatrix and Dan Quayle as a ventriloquist’s dummy. For this year’s White House, he didn’t disappoint.”

    Apparently the White House is pleading ignorance. One has to wonder why they asked such a controversial figure to decorate the tree anyway. A hundred dollars says there is no Jesus ornament on the tree.


  65. H4T, You are so right, we fire one puppet, they put in two more. We fire the puppet branded with a R, they promote, select a puppet with a D branded on them. The only thing that makes any difference to them is their pocket book so lets take our money (as if I had any) out. That is what happened at the Boston Tea Party, bottom line it hit them in their pocket book, correct??

    I too have had many sleepless nights, I will wake up and crawl over here to my computer to see what terrible thing has happened while I have been off of it.

  66. My recollection of the relevant events is as follows: first, Emanuel cut the unholy deal with big pharma et al. in quid pro quo style, to elicit their support for the deal, and their contributions for 2012 re election. (Note: this was a true Rezko Chicago quid pro quo arrangement). Second, sometime thereafter the White House began making contrary public statements which caused the chief negotiator for the pharmaceutical industry to make that secret deal public, which raises serious doubts about Obama by his left wing political base. Third, they let insurance company lobbyists and bitter political partisans write the legislation, with no input from the other party, and thus ended up with a piece of legislation which will not withstand public scrutiny. Fourth, they cut deals with certain senators which meet Blackstone’s definition of a bribe. Those bribes were paid for not with private frunds but with public monies from the coffers of the American people. In short both the quid and the quo in the quid pro quo were Chicago style politics. Fifth, by his machinations Emanuel has put Democratic senator in the unenviable position of voting against the bill and weakening the president–if you buy into his 1994 scenario that the failure of the health care effort precipitated the Gingrich revolution, OR putting their own stature and careers on the line to support a bill which pretends to be something it is not–health care reform, a bill that provides special benefits for minorities at the expense of white people rather than economic need, a bill that infringes upon the liberty and freedom of doctors, taxpayers and consumers of health care services. If I were a Democratic Congressman I would be livid about this. Why should I fall on my own sword when my constituents hate this bill, other senators got a better deal than I did, and I know for sure my opponent will make me twist in the wind over this improvident piece of legislation. Fundamentally, why should I take the heat and jeopardize my career for a president who is going down in the polls like a head shot goose, and has proven in the Virginia and New Jersey governor races that he has no coattails. Goddam Barack Obama and Rham Emanuel. Why should I pull their chestnuts out of the fire?

  67. confloyd, if the problem is that they don’t care what we the People think, because they are beholden to their bankster masters, then carrying signs and protesting does nothing. Hit the master, not the servant.

    Pick a month to do a managed bank run as protest, and everyone start pulling money out. The banksters would crap their pants. Under a fractional reserve banking system, they DO NOT have enough cash on hand to handle that.

    This govt needs to FEAR us again, same as they fear the banksters.

  68. Graham Calls HC Bill Ponzi scheme. And any Democrat that supports this Bill is a Co-conspirator.
    He was the chief prosecutor for the The Air Force in Europe. We put a fundraiser on for him once. He is a heavyweight on matters of law. This could be very serious business.

  69. HillaryforTexas
    December 23rd, 2009 at 10:09 am

    H4T- We’ve been waiting and hoping for an over-reach from the Chicago style politics in Washington. At the 11th hr they delivered Nelson to us. If admin posts the Graham video above. (or access it yourself) It describes in detail the investigation Graham is calling for by the South Carolina AG’s office into charges of Nelson accepting bribes for his vote from the WH and Harry Reid.

    This little quake is sending shockwaves through Obama’s WH. He was supposed to leave today for a vacay in Hawaii. It was announced early today his vacy has been tentatively postponed. You can only guess why.

  70. I saw that article that their carbon credits are losing ground. I love that, I am sure they are all invested heavily in that.

    Here is Tyler, Texas, they have a night when all those folks who have homes and nice warm beds actually band together and try to spend 24hrs being a homeless person. They have NO money/no car, just the clothes on their back and they do this when its terribly cold outside. It a fund raiser, but I think a good one.

    I think the senate and congress need to do this, maybe they would see that their polices are doing this to people not only in this country but in many others.

  71. That would be a wonderful Christmas present by the federal government, if the “SHAFT” was impeached for using his Chicago style politics to move the healthcare bill. I wonder who would be the scapegoat? My guess Rahm?

    Poor little “Shaft” unable to take his vacation, especially when he uses it to take payola to the heads of the Hawaiian birth registration folks.

    I am leaving to finish Christmas shopping, see you guys later.

  72. Happy shopping, Connie- I did most of mine last night.

    Yes, this could be the best unforeseen gift from all of us. TO: Obummer!

  73. I cannot access site from my home computer ???? Anyway, great analysis as usual and hope all of you have a wonderful X-mas/holiday. Hillary is the glue that binds such a diverse group as ours all together.

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