Here are the top Business headlines from the AP:
Category: Wealth
Just Words, Part 2
As if we needed anymore proof that this man was a hater.
Comes this Revelation, from The Politico, who saw it on Huffington Post.
Quoting Barry:
You go into these small towns in Pennsylvania and, like a lot of small towns in the Midwest, the jobs have been gone now for 25 years and nothing’s replaced them…And they fell through the Clinton administration, and the Bush administration, and each successive administration has said that somehow these communities are gonna regenerate and they have not.
And it’s not surprising then they get bitter, they cling to guns or religion or antipathy to people who aren’t like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations.
Not a smart way to endear yourself to the people, Barry!
I got a feeling that this is going to be all over the media come the weekend or next week. I think he won’t get PA, that’s for sure.
Why? Because it smells of Elitism, which does not go over well, with the Working class, in PA, Detroit, MI, and other major cities were working class folk live. Plus his comments about Guns and Religion tend to alienate people that support the Second Amendment and Christians, plus people who want our borders security.
Big time Reactions in the Blogosphere Via Memeorandum
Cross Posted @ The Christian Nationalist
The Clinton Tax Return – Gate
Here is the video news story via the AP:
Memeorandum has the various Blog reactions and story on Hillary’s website.
The only thing I have to say about it is this. The Clinton’s were successful people, I do not have a problem with that, at all. They went to college, got law degrees and were successful at it.
Does that bother me? Of course not! Sorry, I am just not one of those kind of people, who hold grudges against people who are successful in life. There are Liberals and some Conservatives like that, I am not.
If it makes anyone feel better, Keith Olbermann, The Liberal’s talking head, has a 5 year contact with MSNBC for 5 million dollars. So, I really do not see all the fuss over the Clinton’s wealth is.
This is, where I believe, that John Edwards blew it, he went around talking about two Americas, all the while being wealthy himself. I never saw that in Hillary, she was successful, because she worked for it. I cannot fault her for that.
My take on it is this, anyone that has the ability to go out and get a good education and make something of themselves and is able to amass that kind of wealth, I say, God Bless them, and I wish them the best. I do not have a problem with anyone being successful, as long as it is done in a honest manner.
That is one of the issues that I have with the progressives and far left liberals, and that is their contempt of anyone who is financially successful. The Anti-Capitalist mentality. Capitalism, sorry to say, is the American way. Honest capitalism is even better.
This whole idea of "Give me something, for nothing", I believe is anti-American, It seeks to punish those who are successful. It forces those who have made something of themselves to surrender their wealth to those who want something for nothing.
Just my take on it.
Funding the very terrorists we're supposed to be fighting against
That’s right folks.
Via WorldNetDaily:
Just days after it was announced the U.S. would transfer $150 million directly to Palestinian Authority President Mahmoud Abbas’ government, members of the Al Aqsa Martyrs Brigades terror group, the declared military wing of Abbas’ Fatah party, were told they would receive cash grants, WND has learned.
According to Palestinian militant sources familiar with the issue, earlier this month, 20 members of the Brigades leadership in the West Bank city of Ramallah complained to PA Prime Minister Salam Fayyad they did not have enough money to pay their bills, including, for many of them, rent for their apartments.
Last week, according to the informed sources, Fayyad told the complaining Brigades leaders he would provide them with a one-time grant of $3,000 each, or $60,000 to the Ramallah-based Brigades leadership.
The sources said after Brigades leaders in other West Bank cities, including Hebron and Nablus, heard of the grants, they also demanded pay increases.
"Some of the other fighters accused Fayyad of favoring the Brigades leaders in Ramallah since that’s where Fayyad lives," said a militant source. "So he gave grants also to other cells."
Unreal. Can the lies and deceptions, from this feckless administration, be any clearer?
I guess Ron Paul was correct. 
I'll be the first to admit, like John McCain, I don't know jack about economics or for that matter, Wealth!
Yeah, that’s right. I’m about helpful as a blind man in a library, when it comes to this sort of stuff.
The Story: JPMorgan Acts to Buy Ailing Bear Stearns at Huge Discount (Via New York Times)
Bear Stearns, pushed to the brink of bankruptcy by what amounted to a run on the bank, agreed late Sunday to sell itself to JPMorgan Chase for a mere $2 a share, narrowly averting a collapse that threatened to cascade through the financial system.
The price represents a startling 93 percent discount to Bear Stearns’ closing stock price on Friday on the New York Stock Exchange.
Bankers and policy makers raced to complete the deal before financial markets in Asia opened on Monday, as fears grew that the financial panic could spread if Bear Stearns failed to find a buyer.
The deal, done at the behest of the Federal Reserve and the Treasury Department, punctuates the stunning downfall of one of Wall Street’s biggest and most storied firms. Bear Stearns weathered the vagaries of the markets for 85 years, surviving the Depression and a dozen recessions only to meet its end in the rapidly unfolding credit crisis now afflicting the American economy.
My first reaction, when I saw this was, "Why should I even remotely give a rip?" However, it does show the full fall out of the sub-prime loan debacle that the Nation is dealing with, which isn’t helping the economy.
Yeah, from what I have read around the Blogs and from what I have seen on the T.V. we are headed into another Recession. Which is not a good thing. I guess it just means that the rest of the United States is catching up with Michigan.
Now, the nasty A-hole part of me, who kind of has a inbred hatred of people, who have more money that I do, thinks, "Ha Ha Guys! How’s it feel to lose everything and be broke, like I’ve been for the past couple of years??" But that’s a bit nasty and I try to avoid such thoughts.
I’m just hoping that this doesn’t trigger a mass sell off and a stock market crash, that would suck, because a full scale depression, is the LAST thing we need, right now.
Now, I’m not a capitalist freak, (You wouldn’t know it, by all the ads on my blog… *grin*) However, a certain amount of it, is acceptable, and a certain amount of it is needed to make the country work. So, I would hate to see the World’s Economy go to pot.
Anyway, that’s my take on it, from a Lower Middle class type of guy’s view.
The Experts are here: Crooked Timber, Matthew Yglesias, Buck Naked Politics, Taylor Marsh, JustOneMinute, Obsidian Wings, Marginal Revolution, Hoffmania! and AMERICAblog and more via Memeorandum
