(Source)
Category: Politically Incorrect
Obama Says: "I do think at a certain point you’ve made enough money"
This is unbelievable. (H/T HotAir)
Video:
Partial Transcript:
We’re not, we’re not trying to push financial reform because we begrudge success that’s fairly earned. I mean, I do think at a certain point you’ve made enough money. But, you know, part of the American way is, you know, you can just keep on making it if you’re providing a good product or providing good service. We don’t want people to stop, ah, fulfilling the core responsibilities of the financial system to help grow our economy.
The problem is; that was not a part of his prepared remarks, here is what he was supposed to say:
Now, we’re not doing this to punish these firms or begrudge success that’s fairly earned. We don’t want to stop them from fulfilling their responsibility to help grow our economy.
By the way, the radio host is Mark Levin, whom I normally find to be highly annoying; mainly because his voice sounds like the equivalent of dragging a cat backwards through a fan. But, I have to say, that I agree with everything that is said here.
Ed Morrissey, whom I have much respect for, points out the glaringly obvious here:
He should have stuck with the TelePrompter. The President doesn’t get to decide when people have “made enough money.” In fact, as the radio host notes, that’s a statist point of view. Furthermore, the responsibility of an entrepreneur isn’t to “grow our economy,” core or otherwise. It’s to grow his own economy. In a properly regulated capitalist system, the natural tension of self-interests create economic growth through innovation and efficient use of capital and resources.
Put simply, a free people work for themselves, not for the government. Barack Obama seems to have a problem understanding that.
But then again; Marxists usually do. Yesterday, I posted a video by Chris Matthews over at MSNBC basically saying that we should cool it with the Nazi references, when it comes to politics and the Right…and Left. The reason why I say that I agreed with that; is because comparing this President to Adolf Hitler is giving Hitler and this President way too much credit. Nazism was started because Hitler saw the failures of socialism and sought to improve upon it; a plan the ultimately failed thankfully. This President is just a flat out socialist; he is highly against any sort of unfettered Capitalism at all. I mean, do not misunderstand me here; I am all for seeing the people that capitalized on our economy going down the toilet, having to pay the piper. But to get in front of people and make a statement like this, is just inexcusable. This might come as a shock to those on the left; I am for Capitalism, but I am not for the reckless greed, that leads to destruction. There is a big difference.
The Bottom Line: The President needs to stick to the teleprompter. Because every time that he goes off of that teleprompter, he exposes himself and that exposure is starting to look very, very ugly.
Update: Others: RedState, Left Coast Rebel, Whiskey Fire, The TrogloPundit, Beltway Confidential, Cassy Fiano, ProfessorBainbridge.com, Neptunus Lex, Confederate Yankee, YID With LID, Animal Farm, Villainous Company, protein wisdom and Pajamas Media
From the Dept of 'Now why am I not suprised?' – Press is now turning on Obama
Sorry, I got no pity for ’em:
Reporters say the White House is thin-skinned, controlling, eager to go over their heads and stingy with even basic information. All White Houses try to control the message. But this White House has pledged to be more open than its predecessors, and reporters feel it doesn’t live up to that pledge in several key areas:
— Day-to-day interaction with Obama is almost nonexistent, and he talks to the press corps far less often than Bill Clinton or even George W. Bush did. Clinton took questions nearly every weekday, on average. Obama barely does it once a week.
— The ferocity of pushback is intense. A routine press query can draw a string of vitriolic e-mails. A negative story can draw a profane high-decibel phone call or worse. Some reporters feel like they’ve been frozen out after crossing the White House.
— Except toward a few reporters, press secretary Robert Gibbs can be distant and difficult to reach — even though his job is to be one of the main conduits from president to press. “It’s an odd White House where it’s easier to get the White House chief of staff on the phone than the White House press secretary,” one top reporter said.
— And at the very moment many reporters feel shut out, one paper — The New York Times — enjoys a favoritism from Obama and his staff that makes competitors fume, with gift-wrapped scoops and loads of presidential face time.
“They seem to want to close the book on the highly secretive years of the Bush administration. However, in their relationship with the press, I think they’re doing what they think succeeded in helping Obama get elected,” said The New Yorker’s George Packer.
“I don’t think they need to be nice to reporters, but the White House seems to imagine that releasing information is like a tap that can be turned on and off at their whim,” Packer said.
These idiots knew what they were getting when they elected Obama; so, I have no pity for them. You elect an guy with the ego the size of Texas, you deal with it. Don’t like his style of dealing with the press? You should have thought of that, BEFORE you went into the tank for him. This is what happens when you treat a black Harvard graduate like a novelty and then turn that man into your party’s personal Messiah.
Others: AmSpecBlog, Hot Air, Gawker, The Anchoress, Mediaite, Sister Toldjah, Hugh Hewitt’s TownHall Blog, Pundit & Pundette, Weekly Standard, Townhall.com,
RedState Update Asks, 'Where are the Moderate Muslims?'
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Stupid: General Motors plays a shell game
Here’s one for the “Stuck on Stupid” file that seems to be getting bigger and bigger by the day.
AP Headline: Gas in the tank: GM repays $8.1B in gov’t loans
Quote:
WASHINGTON – Fallen giant General Motors Co. accelerated toward recovery Wednesday, announcing the repayment of $8.1 billion in U.S. and Canadian government loans five years ahead of schedule.
The Obama administration crowed about the “turnaround” at GM and fellow bailout recipient Chrysler LLC, saying the government’s unpopular rescue of Detroit’s automakers is paying off.
Much of the improvement comes from GM slashing its debt load and workforce as part of its bankruptcy reorganization last year. But the automaker is a long way from regaining its old blue-chip status: It remains more than 70 percent government-owned and is still losing money — $3.4 billion in last year’s fourth quarter alone. And while its car and truck sales are up so far this year, that’s primarily due to lower-profit sales to car rental companies and other fleet buyers.
Chrysler, now run by Italy’s Fiat Group SpA, said Wednesday it lost almost $200 million in the first quarter. But it said it boosted its cash reserves by $1.5 billion, reducing the likelihood that it will need more government aid.
“This turnaround wasn’t an accident of history,” said White House economic adviser Larry Summers. “It was the result of considered and politically difficult decisions made by President Obama to provide GM and Chrysler — and indeed the auto industry — a lifeline, if they could demonstrate the will to reshape their businesses.”
Vice President Joe Biden said President Barack Obama “took a lot of heat” to keep GM alive. “And this has even exceeded our expectations.”
Everything is happy yappy and yippie skippy right?
Wrong.
Jamie Dupree dishes the straight dope on this little shell game: (H/T Q & O)
General Motors will make a big splash in the news today by announcing that the automaker will repay several billion dollars loans from the federal government earlier than expected. But it’s not really coming out of the GM wallet.
The issue came up yesterday at a hearing with the special watchdog on the Wall Street Bailout, Neil Barofsky, who was asked several times about the GM repayment by Sen. Tom Carper (D-DE), who was looking for answers on how much money the feds might make from the controversial Wall Street Bailout.
“It’s good news in that they’re reducing their debt,” Barofsky said of the accelerated GM payments, “but they’re doing it by taking other available TARP money.”In other words, GM is taking money from the Wall Street Bailout – the TARP money – and using that to pay off their loans ahead of schedule.
“It sounds like it’s kind of like taking money out of one pocket and putting in the other,” said Carper, who got a nod of agreement from Barofsky.
[….]
Most of Uncle Sam’s bailout money that was given to GM has now been turned into stock in the U.S. automaker.“The assumption is that, over time, hopefully the value of the stock will appreciate,” said Carper.
Long term that could prove to be a money-making investment for the feds – or if things go the wrong way for General Motors – a big, fat loss for Uncle Sam.
As most of you know, my Father is a 31 year veteran of the General Motors company. I find this little idiotic shell game right here to be just plain immoral. I mean, how in the hell are you going to use money from the Government to pay off the Government? That is basically taking money out of one pocket and putting into another. That is not paying off your debt; that is nothing more than a shell game. The reason why this is so upsetting to me is; that it is just going to hurt my Father. Because sooner or later, this company is not going to be able to pay my Dad’s pension.
As the son of a General Motors worker, I want to see G.M. succeed; but I want to see them succeed the right way and honestly. Not by playing a dirty, underhanded shell game, and that my friends is what this is, a dirty shell game to fool the American people and the workers at G.M. into believing that they are on to the road to recovery, when in all honesty, they are not.
The American Taxpayers, The workers and retirees for General Motors; deserve better than this.
Shame on General Motors for their deceptive tactics and shame on the White House and Yes, the President for aiding and abetting in this little scam.
The real cute part is that not a word of this, has been said in the media, as to just HOW this loans are being paid back. That my friends is a damned human tragedy.
Others: Questions and Observations, Mish’s Global Economic …, TigerHawk, Sweetness & Light, JammieWearingFool and The TrogloPundit
Update: Not surprisingly, Ed Morrissey Agrees with me.
From the Dept of 'Now why I am not surprised?'
Shocking? Not Hardly.
In Port-Au-Prince, Haiti, there is a police impound lot where dozens of brand-new vehicles sit gleaming in the sun, sporting the logos of aid groups that poured into the city to help in the wake of a devastating earthquake that killed more than 200,000 people and left 1 million homeless.
Haitian police are holding the vehicles for ransom, American aid workers say, demanding exorbitant sums for registration technicalities. The relief workers call it a brazen display — even for a country known to be rife with corruption.
When many of the vehicles were brought into Haiti, as cries rang out from beneath the rubble, there was no Haitian government to register the vehicles. The factory that made license plates, for instance, was destroyed.
But in mid-March, less than two months after the earthquake that registered 7.0 on the Richter scale, Haitian police began to impound vehicles without tags.
Relief groups are given a choice, American aid workers say: Pay a fine of 50 percent of the vehicles’ value, which quickly adds up to tens or hundreds of thousands of dollars for most groups, or wait two to three months for paperwork to be processed.
This is what happens when a Constitutional Republic decides to be the “White Knight” of a Socialist Country. You would think that America, its people and Government would have wised up about this already. But, as long as there is a bleeding heart liberal in this Country, we will keep sinking money into that godless pit.
When will America get a clue? When?
Jon Stewart makes a pretty damned good point about Fox News
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(H/T TPM)
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