Republicans now supporting nationalization of banks

It looks like the party of Freedom is selling the American people up the river:

Nationalization, long regarded in Washington as a folly of Europeans, is gaining rapid ground among US opinion-formers. Stranger still, many of those talking about federal ownership of banks are Republicans.
Lindsey Graham, the Republican senator for North Carolina, said that many of his colleagues, including John McCain, the defeated presidential candidate, agreed with his view that nationalisation of some banks should be “on the table”.
Mr Graham said that people across the US accepted his argument that it was untenable to keep throwing good money after bad into institutions such as Citigroup and Bank of America, which now have a lower net value than the amount of public funds they have received.
“You should not get caught up on a word [nationalisation],” he told the Financial Times in an interview. “I would argue that we cannot be ideologically a little bit pregnant. It doesn’t matter what you call it, but we can’t keep on funding these zombie banks [without gaining public control]. That’s what the Japanese did.”
Barack Obama, the president, who has tried to avoid panicking lawmakers and markets by entertaining the idea, has recently moved more towards what he calls the “Swedish model” – an approach backed strongly by Mr Graham.
via FT.com – Bank nationalisation gains ground with Republicans.

Nationalization is nothing more than Communism. We are being sold up the river. Remember this come 2010.

(H/T Drudge)

Obama signs the Generational Theft Act and Promises Another, Markets Tank…

I figured this was coming:

The Story:

President Obama has not ruled out a second stimulus package, his press secretary, Robert Gibbs, said on Tuesday, just before Mr. Obama signed his $787 billion recovery package into law with a statement that it would “set our economy on a firmer foundation.”
The president said he would not pretend “that today marks the end of our economic problems.”
“Nor does it constitute all of what we have to do to turn our economy around,” Mr. Obama said at the signing ceremony in the Denver Museum of Nature and Science. “But today does mark the beginning of the end, the beginning of what we need to do to create jobs for Americans scrambling in the way of playoffs.”
Mr. Gibbs, speaking to reporters aboard Air Force One on the way to Denver, said, “I think the president is going to do what’s necessary to grow this economy.” While “there are no particular plans at this point for a second stimulus package,” he added, “I wouldn’t foreclose it.”
Mr. Obama began the first leg of a two-day trip, using the museum ceremony to spotlight the bill’s clean-energy provisions. The president will also visit Phoenix, where he will unveil his new housing plan on Wednesday.
After a bruising legislative battle on the stimulus bill, which drew only three supporting votes from Republicans in the Senate and none in the House, the White House is trying to recapture the debate over the economy. Mr. Obama’s message is that the bill will create or save 3.5 million jobs over the next two years.
While the bill has been criticized by conservatives as bloated with pork-barrel spending, it has also been criticized by the left as too tepid and not bold enough to jumpstart the economy. Mr. Gibbs’s remarks on the plane seemed to echo that concern.
In describing the package, the press secretary called it “a strong start towards economic viability” and “the beginning of getting our economy back on track.”
via Signing Stimulus Bill, Obama Does Not Rule Out Another – NYTimes.com.

I figured Obama would do this, sign one porkus bill into law and say, “This is not the end, but just the beginning of the pork!”

Meanwhile, the markets basically tanked, even more so than last week: (Via the New York Times)

From Hong Kong to eastern Europe to Wall Street, financial gloom was everywhere on Tuesday.
Stock markets around the world staggered lower. In New York, the Dow fell more than 3 percent, coming within sight of its worst levels since the credit crisis erupted. Financial shares were battered. And rattled investors clamored to buy rainy-day investments like gold and Treasury debt.
It was a global wave of selling spurred by rising worries about how banks, automakers — entire countries — would fare in a deepening global downturn.
“Nobody believes it’s going get better yet,” said Howard Silverblatt, senior index analyst at Standard & Poor’s. “Do you see that light at the end of the tunnel? Any kind of light? Right now, it’s not there yet.”
At the close, the Dow Jones industrial average was down 297.81 points or 3.7 percent to 7,552.29 points as losses in General Motors, Bank of America and American Express dragged the blue chips lower. The only Dow stock in positive territory was Wal-Mart, which rose after reporting better-than-expected profits.
“If we get substantially below 800 then look out below,” said Marc Groz, chief investment officer at Topos, a risk-advisory firm in Greenwich, Conn.
The broader Standard & Poor’s 500-stock index slid 3.7 percent to drop below 800, which analysts said was an important trading threshold.

Investors know what this is, it is basically nationalization of our Economy, our banks, everything. They are just not going to invest money in a Government owned banking system. I believe this drop is just the beginning. Wait till it totally collapses and the world is thrust into chaos. It will be an interesting time, indeed.

Some Funnies…

Stock Advice

From Patriot Post:

Many people are looking for financial advice during these hard economic times. Normally, however, we avoid offering advice regarding buying or selling stocks. But as President Obama prepares to sign the stimulus bill today, the market fell 250 points by noon, and we thought it best to warn investors concerning a few specific companies. Please review any holdings you might have in the following stocks:

American Can
Interstate Water
National Gas Company
Northern Tissue Company

Due to uncertain market conditions, we advise you to sit tight on your Can, hold your Water, and let go of your Gas. You may be interested to know that Northern Tissue touched a new bottom today, and millions were wiped clean.

It’s a tough market out there!

If the Bill Fits:

and a Cartoon:

Rolling on the floor

Stay Classy William Teach AKA Porter Good

First off, as a rule, I do not get myself involved with what other people write on their Blogs. I believe in freedom of speech, Freedom of Expression and so forth.

However, this morning, I happen to come across something that caught my eye. If you’re following the headlines, there is a woman who’s a columnist at the Tennessean. Her name is Gail Kerr. She wrote a piece on some Tennessee lawmakers who are pursuing the Obama birth certificate issue.

Now let me say from the outset that I respect her opinions; I do not agree with them, at all. However, I happen to read a blog reaction to what she had written over at pirate’s cove, which is owned by a one William Teach, who’s real name is Porter Good. As I suspected, it was of the usual Conservative affair, criticize the piece and take gentle pokes at the author. However, there was a small bit in this piece that I found to be most offensive and I thought I would blog about it, and possibly inform Mr. Teach, that there are others out there that read his Blog. The offending part is underlined:

After eight years of the Left accusing Bush of everything that they don’t blame on anthropogenic global warming, and sometimes they blame both, with little to no proof, lefties, still riding high on hopeNchange, and probably the fumes from their black velvet Obama paintings, just do not like it when anyone asks for simple proof of Obama’s citizenship. Witness barking moonbat, and member of The Tennessean, Gail Kerr take on the subject of Barry’s birth certificate (and, hopefully, Jenny Craig)

The picture of the Woman in question:

Mr. Teach, let me remind you sir, that there are people in this world, who are not of perfect physical condition. As someone who is overweight and has struggled with weight gain for my entire life. I found your crass, asinine, dig towards this woman’s weight to be totally uncalled for, over the top and quite frankly immature, and most unbecoming of a Conservative Blogger. While I wholeheartely agree with you on your assessment of B. Hussein Obama, I do not believe that the personal insult of this woman’s Physical appearance was even remotely needed in the context of this discussion.

While I realize that a Blogger of any sort of integrity would ‘Man Up” and apologize, I do not expect this of teach at all. As I have observed, he has spent the good part of his Blogger career, cheerleading for George W. Bush and kissing the ass of the Podhoretz clan; so, one can only expect so much.

Update: Porter Good posts in the comments section says, verifying his true depraved nature:

And, yeah, I defended W when he deserved it, and attacked him when he deserved that, particularly on illegal immigration. As far as the Podhertz crack, that sounds vaguely anti-semetic on your part. Are you a Jew hater? Sounds like you owe me an apology. Oh, I misread your intent? Goodness!

It’s quite funny, when confronted with the truth, Neo-Con’s resort to playing the race card. Just like their Democrat counterparts. (There are those who would say that Democrats and Neo-Cons are one in the same, but that’s out of the scope of this discussion…) Identity Politics is such a tragic thing, on the left….. and the Right.

Others: The Moderate Voice, Washington Monthly, At-Largely, and The Mahablog

President Obama disrespects Sir Winston Churchill

This is not in the least surprising, at least not to me anyhow.

Via the U.K. Telegraph:

A bust of the former prime minister once voted the greatest Briton in history, which was loaned to George W Bush from the Government’s art collection after the September 11 attacks, has now been formally handed back.
The bronze by Sir Jacob Epstein, worth hundreds of thousands of pounds if it were ever sold on the open market, enjoyed pride of place in the Oval Office during President Bush’s tenure.
But when British officials offered to let Mr Obama to hang onto the bust for a further four years, the White House said: “Thanks, but no thanks.”
Diplomats were at first reluctant to discuss the whereabouts of the Churchill bronze, after its ejection from the seat of American power. But the British Embassy in Washington has now confirmed that it sits in the palatial residence of ambassador Sir Nigel Sheinwald, just down the road from Vice President Joe Biden’s official residence. It is not clear whether the ambassador plans to keep it in Washington or send it back to London.
American politicians have made quoting Churchill, whose mother was American, something of an art form, but not Mr Obama, who prefers to cite the words and works of his hero Abraham Lincoln. Indeed a bust of Mr Lincoln now sits in the Oval Office where Epstein’s Churchill once ruled the roost.

The reason I say that it is not in the least surprising, is because this is the same man, who said he would meet with Iran without any preconditions. But quickly changed it, when it began to erode his support amongst independents. Those who will talk to terrorists and terrorist nations are not to apt to keep busts of great warriors in their offices.

Of course, there is this reason too:

Churchill has less happy connotations for Mr Obama than those American politicians who celebrate his wartime leadership. It was during Churchill’s second premiership that Britain suppressed Kenya’s Mau Mau rebellion. Among Kenyans allegedly tortured by the colonial regime included one Hussein Onyango Obama, the President’s grandfather.

Ah yes, but of course, it is the old, “Let’s hold the White Man responsible for things that their ancestors did 300 years ago”; trick. The old white guilt trick. This is the same man, whom holds in high regard the man, whom some feel sold the Anglo-Saxon race up the river, just so he could further his own political career and the man whom some refer to as the Patron Saint of White Guilt.

Others: Jules Crittenden, Riehl World View, Fausta’s Blog, TigerHawk, NewsBusters.org, protein wisdom Theo Spark, THE ASTUTE BLOGGERS

D'oh! Obama Says "Stimulus Bill will let Caterpillar rehire people"; Caterpillar Says, No, it won't

A rather snort worthy blurb!

President Obama today repeated the claim we asked about yesterday at the press briefing that Jim Owens, the CEO of Caterpillar, Inc., “said that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off.”
Caterpillar announced 22,000 layoffs last month.
But after the president left the event, Owens said the exact opposite.
Asked if the stimulus package would be able to stop the 22,000 layoffs or not, Owens said, “I think realistically no. The truth is we’re going to have more layoffs before we start hiring again”
“It is going to take some time before that stimulus bill” means re-hiring, he said.
via Political Punch: D’oh! Caterpillar CEO Contradicts President on Whether Stimulus Will Allow Him to Re-Hire Laid Off Workers.

You’d think Obama would learn them supporters to stick to the script!

HotAir.com’s AllahPundit Snarks:

Exit question: How soon before Tapper gets kicked off Air Force One?

Ha! That’s just too funny. 😆

I do believe however that many people in America are thinking, “How long until President Obama get’s his shit together?”

It’s a very valid question.

Others:RedState and Stop The ACLU

Senator Judd Gregg withdraws his nomination for Commerce Secretary, White House Shocked

Now this is a shock 😮

President Obama’s choice for Commerce Secretary, Senator Judd Gregg, withdrew his nomination on Thursday. He said there were “irresolvable conflicts” between him and the administration.
“It has become apparent during this process that this will not work for me as I have found that on issues such as the stimulus package and the Census, there are irresolvable conflicts for me,” Mr. Gregg said in a statement. “Prior to accepting this post, we had discussed these and other potential differences, but unfortunately we did not adequately focus on these concerns. We are functioning from a different set of views on many critical items of policy.”
The withdrawal comes one week after Mr. Gregg was named to become the third Republican member of the Obama Cabinet. It is the second time that the Commerce Secretary position has been vacant within the last month.
Mr. Gregg, a Republican of New Hampshire, had not resigned his seat in the Senate. He has been away from the Senate floor this week, presumably preparing for his confirmation, and did not vote on the administration’s economic stimulus plan.
via Gregg Withdraws as Commerce Secretary Nominee – The Caucus Blog – NYTimes.com.

Unreal. I believe that Obama’s idea of Bipartisanship is going down in flames. Obviously, the White House was caught off guard.

Update: Yup, the White House was caught off guard.

More via Memeornadum

Dutch MP refused entry to by the cowardly Government in Britain

This is a disgrace….

The Video and listen to Mr. Wilders stand up to the Liberal BBC’s baiting questions:

The Story:

A Dutch MP who called the Koran a “fascist book” has been sent back to the Netherlands after attempting to defy a ban on entering the UK.
Freedom Party MP Geert Wilders had been invited to show his controversial film – which links the Islamic holy book to terrorism – in the UK’s House of Lords.
But Mr Wilders, who faces trial in his own country for inciting hatred, has been denied entry by the Home Office.
He told the BBC it was a “very sad day” for UK democracy.
The Dutch ambassador was also at Heathrow to make clear his government’s opposition to the ban on Mr Wilders entering the UK.
via BBC NEWS Dutch MP refused entry to Britain.

As far as I am concerned, Britain is nothing more than a Nation of terrorist sympathizers. This is a disgrace and should be held as an example of what America will become if we allow the Liberals in America to have their way. This man put out a video exposing Islam for what it really is and now he is being persecuted for it. Yes, the video was extreme, and yes, the framing of his argument was a bit extreme, but there is a thing called freedom of speech, and his man’s right are being violated.

In the Spirit of freedom of speech, I present, once again, Fitna:

Others: Fausta’s Blog, Riehl World View, Gateway Pundit, Atlas Shrugs and Gates of Vienna

The White House is Hiring – Liberals only need apply

This is pretty funny.

We’re happy to announce that the jobs application feature is now live on WhiteHouse.gov. The Jobs Application feature enables people everywhere to apply to be considered for a political appointment in President Obama’s Administration. You can get to it by clicking on the “Jobs” link at the very bottom of each of the pages on WhiteHouse.gov.
That link will take you to a page which tells you a little bit more about the application process, with a a button at the bottom marked, “Begin Application Form.” That’s where you fill out your information, upload a resume, and tell us what kinds of positions you’re interested in. But a quick heads up – you have to complete the application in one session, and it’s going to take you about 15 minutes to do it. So before you start, you might want to print the Paper Application, gather up the information you’ll need, then sign back in.
via The White House – Blog Post – Apply for a job.

Of course, if you are White, Bitter, Clingy, Anti-Illegal immigration, Conservative type; you need not apply. Only Black, God-Denying, Baby Killing, Gay Enabling, Open border Advocate, Liberals need bother applying.

Video: Excuse Me, Mr. President

Looks like not all Liberals are enthralled with the New Liberal President….

This comes via After Downing Street:

To be clear, I don’t agree with him on Afghanistan. But on the Iraq War, I do, 100 percent. As for the Bush Administration, as much as I hate to say it; Obama will not do what this man and the far left wants, he just cannot risk the political capital on a crimes tribunal.

But it does give voice to those who are of this mindset. Furthermore, if this is the growing consensus amongst the far left and also amongst independents, who did elect him, Obama will be a one term President. Of course, if this Economic Stimulus fails, Obama will be a one term President. Because the American people are not too happy about all this money being spent. Also, Congress will pay as well. Michelle Malkin is right , the Democrats always overreach and when they do, disaster happens. Then the tide turns and the other party gets in and the same cycle repeats. Been this way since the two party system started and will be this way, until a Switzerland style of Government is implemented here. Which will never happen, too many money bags controlling the strings.

(H/T Freedom’s Phoenix)