How the controversy over the AIG bonuses imbedded in the stimulus obfuscate the root problem of spending in general.
Tag: Moonbats
About Reid's comments on Roberts
This is kinda odd.
Senate Majority Leader Harry Reid said Friday that John Roberts misled the Senate during his confirmation hearings by pretending to be a moderate — and that the United States is now “stuck” with him as chief justice.
“Roberts didn’t tell us the truth. At least Alito told us who he was,” Reid said, referring to Samuel Alito, the second Supreme Court justice nominated by President George W. Bush. “But we’re stuck with those two young men, and we’ll try to change by having some moderates in the federal courts system as time goes on — I think that will happen.”
Reid’s comments, which came during a wide-ranging discussion hosted by the Christian Science Monitor, reflect Democratic concerns that Roberts presented himself as a neutral arbiter of the law but has wielded a relentlessly conservative agenda. Republicans reject the attacks, saying Roberts has been a fair judge and has been consistent in his opinions.
via Reid: Roberts ‘didn’t tell us the truth’ – Manu Raju – POLITICO.com.
I guess my only question is, why’d Reid believe him in the first place? I mean, the dude is a Conservative. You’d think that even Liberal Reid would know not to take his word for it.
Others: Power Line, Weekly Standard, The Sundries Shack, Fox News, Sweetness & Light and The Corner
(Via Memeorandum)
Olbermann Watch must be reading my mind!
I swear, someone over at Olbermann Watch and possibly those over at HotAir must have been reading my mind last night. Yes, I did see the segment, when it aired and I thought, “Wait a Minute!”
The Video:
Plus, that whole twitter thing, was MSNBC’s all along… D’oh!
Keith, you’re slipping buddy. Gotta work that Magic Monkey ( 😮 ) act a little better….
The Southern Avenger on "What Happened to the War on Terror?"
On the sixth anniversary of the war in Iraq, why are the loudest champions of the War on Terror no longer talking about it?
President Barack Hussein Obama's March Towards Communism
In all honesty…. it is more like a marathon run towards Communism actually.
Thanks to the stupidity of the Carter and Clinton Administrations and the inaction on the Republican controlled 2003 Congress. We are now becoming a Communist Nation. We have no one to blame, but ourselves.
The Communist owned Washington Post reports:
The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.
The government at present has the authority to seize only banks.
Giving the Treasury secretary authority over a broader range of companies would mark a significant shift from the existing model of financial regulation, which relies on independent agencies that are shielded from the political process. The Treasury secretary, a member of the president’s Cabinet, would exercise the new powers in consultation with the White House, the Federal Reserve and other regulators, according to the document.
The administration plans to send legislation to Capitol Hill this week. Sources cautioned that the details, including the Treasury’s role, are still in flux.
Treasury Secretary Timothy F. Geithner is set to argue for the new powers at a hearing today on Capitol Hill about the furor over bonuses paid to executives at American International Group, which the government has propped up with about $180 billion in federal aid. Administration officials have said that the proposed authority would have allowed them to seize AIG last fall and wind down its operations at less cost to taxpayers.
The administration’s proposal contains two pieces. First, it would empower a government agency to take on the new role of systemic risk regulator with broad oversight of any and all financial firms whose failure could disrupt the broader economy. The Federal Reserve is widely considered to be the leading candidate for this assignment. But some critics warn that this could conflict with the Fed’s other responsibilities, particularly its control over monetary policy.
The government also would assume the authority to seize such firms if they totter toward failure.
Besides seizing a company outright, the document states, the Treasury Secretary could use a range of tools to prevent its collapse, such as guaranteeing losses, buying assets or taking a partial ownership stake. Such authority also would allow the government to break contracts, such as the agreements to pay $165 million in bonuses to employees of AIG’s most troubled unit.
The Treasury secretary could act only after consulting with the president and getting a recommendation from two-thirds of the Federal Reserve Board, according to the plan.
Geithner plans to lay out the administration’s broader strategy for overhauling financial regulation at another hearing on Thursday.
You see folks, this is where it starts. They start seizing businesses, and taking the assets for themselves. Then the Government decides to take YOUR assets; because they happen to think that you are making too much money. What amazes me, is the resounding silence from the Republicans, especially the Neo-Conservatives like Michelle Malkin and over at HotAir.com. Could it be that the Neo-Conservatives secretly approve of such actions? Possibly the Republican Party as well? Could it be that the Republican Party is now infiltrated with Communists to the point of having lost it’s true identity?
You decide.
Others: The Moderate Voice, Reuters, pw, , The Strata-Sphere,Bloomberg, Washington Monthly, Pajamas Media, Right Wing News, Sweetness & Light, Neptunus Lex, Stop The ACLU, Sister Toldjah, and Fausta’s Blog
(Via Memeorandum)
Editorial: The psychos are running the nuthouse!
Originally published over at my column at NolanChart.com:
It has been a while since I have written an article for my column; with all my days spent blogging about the political happenings post-Obama election, I just have not had the time to sit here and hammer out a good column. I have not forgotten to write, I just have not had the time to sit down and gather my thoughts and put my opinion to the current matters.
President Barack Obama has not been in the White House for 100 days yet and already it seems that our Country is headed for either one of two things; either economic disaster or outright European socialism. Although I tend to believe that one will follow the other, I do firmly believe that capitalism is in grave danger. I also believe that our Nation is going to be one that is going to become a society that rewards failure.
This applies in the area of the home mortgages; since when do we bail out people who have gotten in over their heads in debt? To be clear, I do understand that there were those who were victimized, and those who did this, to innocent people, should be prosecuted. However, those who knowingly got into mortgages that they knew they would not normally be able to afford, I have zero pity for. You make a stupid mistake you pay the consequences. That is how a free and democratic society works. You have to responsibility for your own actions.
Let me give you a personal example. When I was 19 years old, Discover Card sent me an application for a Credit Card. My parents came on as co-signers. Between the time that I first received that card and the time in 2004, when I finally filed for bankruptcy, I was over 14K in debt. Conversely it was over 18K of debt with the new truck that I bought, that I could not really afford; however because I had a job, I could make payments. One day the unthinkable happened, I lost my job; the gravy train stopped and threw me off. Those gravy trains never were known for their cordialness. After doing the obligatory and quite painful grunt and skid across the debt parking lot. I decided I had better go see a bankruptcy lawyer.
What does this have to do with what is happening now in the United States Government? It has quite a bit to do with it actually. Did the United States Government come in and offer to pay off my debt? No. Did the United States Government offer to come in and give me any kind of relief on my truck payments? Nope! I ended up losing that truck someone else owns it now. In other words, I was not rewarded for making stupid decisions, like going over my head in debt. Which by the way, was my own fault, I am the one that charged items on my discover card and got over my head in all that debt not anyone else, not that American taxpayers, but me.
Another way that the United States Government is rewarding failure is by losing their ever-loving minds over bonuses that were contractually awarded to employees of a company. Now I understand the reasons why people are upset about the bonuses. The problem is, the people on the left, or the Democrats are looking at this from a rather idiotic point of view. If the Democrats in Congress are so mad about these bonuses, then why in the heck did they vote to prop up these banks in the first place? The bonuses were a drop in the bucket to what we spent to take ownership in these companies. Why nationalize a company and then gripe about a bonus? It makes zero sense to me.
Again, even bailing out these companies in the first place is rewarding companies for failure. Sorry, I do not buy the notion of a business being too big to fail, that is simply stupid political double talk for a nationalization argument.
Let me give you another personal example of why I think this propping up a business is just simply stupid and why it teaches that it is okay to have a bad business model. I used to run a small electronics out of my house here. I would never buy more than one or two items at the most. I would always tell my customers, you want something, you pay up front, and I will order the item. I would get the money and order the item, and whatever I had left over, I kept for profit. That is called responsible business practices. However, what if I went out, got a loan for say $500.000, and bought a bunch of inventory and then the market fell out in the electronics business or what if I just did not bother to advertise? I would be stuck with a bill for the loan and a bunch of inventory that I could not move. Now would it fair for me to want the United States Government to bail me out of that situation? I think not. Nevertheless, that is what the Government is doing; they are essentially saying that some businesses are just too big to fail.
Not only this, but we are bailing these banks out with money that we do not even have. We are using money that we are borrowing from china, money that is not even ours. What we do not borrow from China, we are printing ourselves, which will devalue the dollar. It is as the title of this column says a case of psychos that are running the nuthouse.
Cry me a river!
Scott over at power line Blog is depressed because the Liberals are running the country.
Sorry dude, but I have zero pity for you or the Republican Party. They could have chosen a real Conservative candidate; but instead they ran a rich Mormon asshole, a crazy hick preacher, a half asleep old man who stumbled and cleared his throat alot and finally a senile old man, who really wasn’t even a Republican, but rather a RINO.
The senile old fool won the beauty contest and went up against the most hip, the most cool, and the first ever black Presidential candidate ever…..and he lost.
Those are the breaks.
Of course, there was one guy, who had two first names, someone who went against the grain and did not fall in line, and you all treated him like a special education student; in fact, he had to go have his own party, because you all would not even let him speak at your convention.
Now America is being lead by a Neo-Liberal, who wants to take America down the path of European socialism, and eventually into the path of full blown Communism.
Indeed, America’s Chickens are coming home……to roost.
Others:
Donald Douglas / American Power: The Folsom Cell Block National Culture
Victor Davis Hanson / Pajamas Media: Thoughts About Depressed Americans
Fausta / Fausta’s Blog: Am I depressed yet?
Stephen F. Hayes / Weekly Standard: Iran Responds: “Death to America”
Obama's Katrina Moment?
Get to know your Secretary of State – Hillary Clinton
World's greatest asshole liberal democrat to get show on MSNBC
Yes, that’s right, I called Ed Schultz an asshole. There are blue dog Democrats, or as they’re also called, Democrats who still love the spirit of America and then there are assholes like this guy. Well, I guess MSNBC, or as it now called MSDNC; is supposedly courting this loose cannon. Wonderful. As if that network did not have enough Liberal blowhards on there already. 🙄
Via the New York Observer:
The Observer has learned that MSNBC president Phil Griffin is in discussions with syndicated talk radio host Ed Schultz about possibly joining the network on a full-time basis. It is unclear what exactly the job would entail should Mr. Schultz and MSNBC come to an agreement.
On March 10, Mr. Schultz, who bills himself as the “most listened-to progressive radio talk show host in America,” guest-hosted on MSNBC’s 1600 Pennsylvania Avenue. As The Observer reported at the time, the appearance touched off a wave of rumors among MSNBC staffers that Mr. Schultz was being groomed to join the network as an anchor.
Eight days later, on Wednesday, March 18, Mr. Schultz was back in the anchor chair, again, filling in for David Shuster on the 6 p.m. show.
One network source told The Observer that an offer has already been extended to Mr. Schultz. A network spokesperson denied that any offer has been made.
When reached by phone on Friday morning, Mr. Schultz also denied that Mr. Griffin had made him an offer. He said that he had received some kind words from MSNBC management on the heels of his guest-hosting gigs. But, according to Mr. Schultz, MSNBC brass has given him no definite word yet about his future—if he has one—at the cable news network.
I can tell you right now, I can handle Chris Matthews, I can handle Shuster, and I can even; believe it or not, handle Olbermann. But this idiot, no way, no how, not on your best day. He is nothing more than a loose cannon, who parrots the damned talking points of the far left. Yeah, kind of like Olbermann. But at least Olbermann has a polish to his act. Schultz comes off as some drunken rabble-rouser in a bar; you know, the kind that you usually had to kick the crap out of, to get him to leave you alone? Yeah, he is that kind of an guy.
Let me put it to you this way; I would rather be strapped to a chair and forced to listen to Sean Hannity sing or that one idiot who sung “Let the eagle soar”; over and over and over, before I’d want to listen to Schultz. Yes, he is that annoying.
Others:
- Justin Gardner / Donklephant: MSNBC Falling Further Down The Partisan Slope
- Matt Corley / Think Progress: Report: MSNBC ‘in discussions’ with Ed Schultz for ‘full-time’ job.
- Michael Calderone / Michael Calderone’s Blog: Report: Schultz in discussions with MSNBC
- Sister Toldjah: Ed Schultz to join MSDNC?
