Tag: News

Swiss are not happy about US probe of UBS

Now this is interesting:

The right-wing Swiss People’s Party (SVP) called on Saturday for retaliation against the United States over a U.S. tax probe into the country’s biggest bank UBS that threatens prized banking secrecy.

The populist SVP, the country’s biggest party, said Switzerland should not take in any detainees from the U.S. prison for terrorism suspects at Guantanamo Bay in Cuba, which the Swiss government said last month it could consider to help shut the camp down.

Switzerland should also reconsider its policy of representing the United States in countries where it has no diplomatic presence, the parliamentary SVP said in a statement.

The SVP said gold stored by the Swiss National Bank in the United States should be repatriated and Switzerland should ban the sale of U.S. funds in the country to protect Swiss investors after the failure of U.S. regulators.

The SVP has one minister in the seven-member Swiss government which is made up of the biggest four parties, but its populist policies have shaken up usually consensual Swiss politics.

via Swiss party wants to punish U.S. for UBS probe – Reuters.

You see, this is what happens, when the United States entangles itself in the affairs of other Governments. Switzerland has been a neutral country for years and a somewhat friend of ours, now they’ve become a enemy. Real smart there Barry, Real fucking smart.


Obama to Unveil Class Warfare Plan

I knew this was coming:

President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on business and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said.

In addition to tackling a deficit swollen by the $787 billion stimulus package and other efforts to ease the nation’s economic crisis, the budget blueprint will press aggressively for progress on the domestic agenda Obama outlined during the presidential campaign. This would include key changes to environmental policies and a major expansion of health coverage that Obama hopes to enact later this year.

A summary of Obama’s budget request for the fiscal year that begins in October will be delivered to Congress on Thursday, with the complete, multi-hundred-page document to follow in April. But Obama plans to unveil his goals for scaling back record deficits and rebuilding the nation’s costly and inefficient health care system Monday, when he addresses more than 100 lawmakers and budget experts at a White House summit on restoring “fiscal responsibility” to Washington.

In his weekly radio and Internet address today, Obama expressed determination to “get exploding deficits under control” and described his budget request as “sober in its assessments, honest in its accounting, and lays out in detail my strategy for investing in what we need, cutting what we don’t, and restoring fiscal discipline.”

Reducing the deficit, he said, is critical to the nation’s future: “We can’t generate sustained growth without getting our deficits under control.”

Obama faces the long-term challenge of retirement and health programs that threaten to bankrupt the government years down the road, as well as the more immediate problem of deficits bloated by spending on the economy and financial-system bailouts. His budget proposal takes aim at the short-term problem, administration officials said, but also would begin to address the nation’s chronic budget imbalance by squeezing savings from the federal health programs for the elderly and the poor.

Even before Congress approved the stimulus package earlier this month, this year’s deficit was projected by Congressional budget analysts to approach $1.2 trillion, or 8.3 percent of the overall economy, the highest since World War II. With the stimulus and other expenses, some analysts say the annual gap between federal spending and income could approach $2 trillion when the fiscal year ends in September.

Obama proposes to dramatically reduce those numbers by the end of his first term, cutting the deficit he inherited in half, said administration officials, speaking on condition of anonymity because the budget has yet to be released. His budget plan would keep the deficit hovering near $1 trillion in 2010 and 2011, but shows it dropping to $533 billion in 2013 — still high in dollar terms, but a more manageable 3 percent of the overall economy.

To get there, Obama proposes to cut spending and raise taxes. The savings would come primarily from “winding down the war” in Iraq, a senior administration official said. The budget assumes that the nation will continue to spend money on “overseas military contingency operations” throughout Obama’s presidency, the official said, but that number is significantly lower than the nearly $190 billion the nation budgeted for Iraq and Afghanistan last year

via Washington Post – Obama to Unveil an Ambitious Budget Plan.

Well, one can forget about any new jobs coming to Michigan or anywhere else in America, because if Businesses are taxed, they will not hire new people. Just more class warfare from the Democrats. I also notice that Obama is cutting funds to Iraq and Afghanistan, that will be the precursor to ending the war. Because you cannot fight a war, if you do not have the funds.

We are headed into a repeat of the 1990’s all over again, ending the deficit on the backs of the wealthy in the Country, while the rest of Country gets off scott free. Where is the fairness in that? The reason why this is so bad is this, if you tax the wealthy and business owners, they are much less likely to hire new employees and also they are less likely to spend money, thereby adding to the economy. This whole idea of the Democrats of Tax and Spending our way out of our Economic woes is just plain idiotic.

We are headed towards very scary times in America. Act accordingly.

(H/T and Thanks to Drudge)

There are, as always two sides to every story.

This is interesting to say the least:

A federal discrimination lawsuit filed this month against the Lansing Board of Water & Light says two employees in November wore Ku Klux Klan-like hoods to apparently taunt a black co-worker.

That incident is one of several allegations made by Corey Clay in the lawsuit filed Feb. 9 in U.S. District Court in Grand Rapids.

Clay, an electrical worker from Lansing who was hired in 2001, endured “a racially discriminating hostile work environment” for many years with little or no management response, according to the lawsuit.

BWL spokesman Mark Nixon said that after learning about the November incident, management took immediate action that resulted in “disciplinary action and the termination of a Board of Water & Light employee.”

Nixon added: “The law firm representing Mr. Clay is aware of these actions.”

Clay’s Clinton Township-based attorney, Heidi Sharp, said one of the employees was reinstated recently.

Clay works as an apprentice under that employee’s purview and is evaluated by him, Sharp said.

The situation “has just been devastating to him emotionally,” she said.

via Lawsuit claims racial bias at BWL — Lansing State Journal.

I have to really wonder. What is the other side of this story? Not one to pre-judge, but something tells me there is much more to this story than is being reported by this very liberal media outlet.

(Via The Detroit Free Press)

Regarding the New York Post's apology

Regarding the New York Post’s Apology and the other stupidity.

I dunno, what ya’ll think?

Family Resemblance?
Family Resemblance?

So, like Michelle said; Sue me.

Other likemided people: Michelle Malkin, Gateway Pundit, Pat Dollard and JOSHUAPUNDIT

Yeah, I know what I wrote here. I still feel that way too. But this is not about Racism, this is about the Liberal Democrats controlling Conservatives right to free speech. The, ahem, chimps Liberal Black Democrats want to control what we honkey White Conservatives write, and I think it is a bunch of bullshit.

So, bring it on, there Mr. “Interloper”.  I dare ya.

Chris Muir also weighs in here:

Uh……Oh…….. – Iran's got enough uranium for a Nuke

Oy… It goes from Bad to Worse….:

Iran has now built up a stockpile of enough enriched uranium for one nuclear bomb, United Nations officials acknowledged on Thursday.

In a development that comes as the Obama administration is drawing up its policy on negotiations with Tehran over its nuclear programme, UN officials said Iran had produced more nuclear material than previously thought.

They said Iran had now accumulated more than one tonne of low enriched uranium hexafluoride at a facility in Natanz. If such a quantity were further enriched it could produce more than 20kg of fissile material – enough for a bomb.

“It appears that Iran has walked right up to the threshold of having enough low enriched uranium to provide enough raw material for a single bomb,” said Peter Zimmerman, a former chief scientist of the US Arms Control and Disarmament Agency

The new figures come in a report by the International Atomic Energy Agency, the UN’s nuclear watchdog, released on Thursday.

This revealed that Iran’s production of low enriched uranium had previously been underestimated.

via FT.com / Middle East / Politics & Society – Iran holds enough uranium for bomb.

I just wonder, will Barry still want to kiss up to these idiots? 🙄

Others: The Corner, Hot Air and Reason

(H/T Drudge)

Updated headline. I hate it when I do stupid stuff like that! D’oh!

Manufacturing Suffers

Some more grim news… 🙁

Via the Economist:

$0.00, not counting fuel and handling: that is the cheapest quote right now if you want to ship a container from southern China to Europe. Back in the summer of 2007 the shipper would have charged $1,400. Half-empty freighters are just one sign of a worldwide collapse in manufacturing. In Germany December’s machine-tool orders were 40% lower than a year earlier. Half of China’s 9,000 or so toy exporters have gone bust. Taiwan’s shipments of notebook computers fell by a third in the month of January. The number of cars being assembled in America was 60% below January 2008.

The destructive global power of the financial crisis became clear last year. The immensity of the manufacturing crisis is still sinking in, largely because it is seen in national terms—indeed, often nationalistic ones. In fact manufacturing is also caught up in a global whirlwind.

Industrial production fell in the latest three months by 3.6% and 4.4% respectively in America and Britain (equivalent to annual declines of 13.8% and 16.4%). Some locals blame that on Wall Street and the City. But the collapse is much worse in countries more dependent on manufacturing exports, which have come to rely on consumers in debtor countries. Germany’s industrial production in the fourth quarter fell by 6.8%; Taiwan’s by 21.7%; Japan’s by 12%—which helps to explain why GDP is falling even faster there than it did in the early 1990s (see article). Industrial production is volatile, but the world has not seen a contraction like this since the first oil shock in the 1970s—and even that was not so widespread. Industry is collapsing in eastern Europe, as it is in Brazil, Malaysia and Turkey. Thousands of factories in southern China are now abandoned. Their workers went home to the countryside for the new year in January. Millions never came back (see article).

This is what happens when you create an economic bubble, by loosening up regulations to sell mortgages to those who cannot afford them. The whole world suffers. Our American companies suffer, the World manufacturing sector suffers. It is a domino effect. The problem is, that the United States is going about this all wrong. Instead of changing the way our economic system works. They are simply trying to reinflate the broken bubble. It is like trying to tape up a busted air ballon and trying to put air back into it again. It works for a while, but ends up breaking again.


Greenspan says "nationalize now"

Now this is something:

The US government may have to nationalize some banks on a temporary basis to fix the financial system and restore the flow of credit, Alan Greenspan, the former Federal Reserve chairman, has told the Financial Times.

In an interview, Mr Greenspan, who for decades was regarded as the high priest of laisser-faire capitalism, said nationalisation could be the least bad option left for policymakers.

”It may be necessary to temporarily nationalise some banks in order to facilitate a swift and orderly restructuring,” he said. “I understand that once in a hundred years this is what you do.”

Mr Greenspan’s comments capped a frenetic day in which policymakers across the political spectrum appeared to be moving towards accepting some form of bank nationalisation.

“We should be focusing on what works,” Lindsey Graham, a Republican senator from South Carolina, told the FT. “We cannot keep pouring good money after bad.” He added, “If nationalisation is what works, then we should do it.”

Speaking to the FT ahead of a speech to the Economic Club of New York on Tuesday, Mr Greenspan said that “in some cases, the least bad solution is for the government to take temporary control” of troubled banks either through the Federal Deposit Insurance Corporation or some other mechanism.

The former Fed chairman said temporary government ownership would ”allow the government to transfer toxic assets to a bad bank without the problem of how to price them.”

But he cautioned that holders of senior debt – bonds that would be paid off before other claims – might have to be protected even in the event of nationalisation.

”You would have to be very careful about imposing any loss on senior creditors of any bank taken under government control because it could impact the senior debt of all other banks,” he said. “This is a credit crisis and it is essential to preserve an anchor for the financing of the system. That anchor is the senior debt.”

via FT.com – Greenspan backs bank nationalisation.

Let me get this straight, one of the main douche bags that was responsible for the meltdown of the bank industry and the economic collapse is now telling us what we should do with our banks?

<— click Blank

Islamic subversion is real and it is on the move

This stuff really bothers me:

A former FBI special agent told law enforcement and Homeland Security personnel that a network of Islamic organizations are working to incrementally implement Islamic law in the United States.

During a presentation at the Bedford County Emergency Management Agency, former FBI agent John Guandolo briefed members about groups such as the Muslim Brotherhood, which he claims is working with other Islamic groups to slowly implement Shariah, also known as Islamic law, which encompasses all areas of life.

Guandolo worked in the FBI since 1996, including nine years as a member of its SWAT team. After 9/11, he worked in the Bureau’s Washington Field Office’s Counterterrorism Division, developing expertise concerning Al Qaeda, Muslim Brotherhood organizations and the Islamic movement in the U.S.

He now works with Stephen Coughlin, former Islamic Expert for the Joint Chiefs of Staff, to advise leaders at the federal level and also brief local law enforcement about the Islamic threat at home.

Coughlin was fired from his position with the Joint Chiefs following a report revealing opposition to his work by officials within the office of Deputy Defense Secretary Gordon England, according to a Washington Times report dated Jan. 4, 2008.

Coughlin had run afoul of a key aide to England, Hasham Islam, who accused him of being a Christian zealot or extremist “with a pen,” according to defense officials, the report states.

via Shelbyville Times-Gazette: Story: Islamic subversion alleged by speaker.

I think this one warrants a full read. Please go read now.

This is why Ammo sales are going through the roof, because our Government cannot be trusted. The Radical Muslims have figured it out, they did not destroy us on September 11, 2001; so, they are going to do it from within, and now with a Liberal President, they just might succeed.

Act accordingly.

Others: The Corner, Jihad Watch, Moonbattery