And Frank on Thursday said his panel will consider legislation on Tuesday to prohibit bonus payments by companies that have received government bailout funds, until investments are repaid in full. (Me thinks they won't stop there!)
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Working toward getting a fighting chance in Congress after 2010
This is a work in progress...a work hoping for progress.
The focus is on eliminating Republicans in Name Only from Congress and
encouraging moderate Democrats to make the right decisions.
Our conservative values must prevail!
I am just one citizen wanting to preserve America as we know it,
and as it was designed to be by our founding fathers.
There are thousands of websites out there like this because
there are thousands of us who hope to make a difference. You betcha!
I hope you will strive to make a difference, also.
March 23, 2009
Obama and the Media: The End of the Affair.
How did the lovestruck couple drift apart?
The MSM should resign over Obama’s failure.
Check out Obama's approval ratings
since inauguration day, according to Rasmussen Polling.
And while The One's bright light is dimming, voters say they will
support Republican candidates in the 2010 election -- the first time in a
long time Dems were not favored by likely voters. But it's only by a
small margin so we've still got a lot of work to do!
Bizarre News
What Happened to Snowe-Wyden?
A provision, written by Olympia Snowe (R-ME) and Ron Wyden (D-OR),
was to have been included in the February TARP bill, and indeed, Sen. Snowe
believed it was.
Their provision provided that Financial institutions that used "federal
bailout" funds to pay employees bonuses in excess of $100,000 will be
required to compensate taxpayers under a provision authored by U.S. Senators
Olympia J. Snowe (R-Maine) and Ron Wyden (D-Ore.). The provision – which was
accepted Friday night by voice vote as an amendment to the American Recovery
and Reinvestment Act of 2009 – will require financial institutions that
received funds from the Troubled Asset Relief Program (TARP) to either repay
the cash portion of any bonus paid in excess of $100,000 early – within 120
days of the amendment's enactment – or face an excise tax of 35% on what is
not immediately repaid to the treasury.
But what wound up in the bill was Dodd's, er...Geithner's...er,
Obamanation's provision.
Great reading here.
And see Sen. Snowe's website announcing this provision was inserted
into the bill.
Click here.
Stimulus? U.S. to Buy Chinese condoms, Ending 300 Alabama jobs
The folks at the U.S. Agency for International Development, which has
distributed an estimated 10 billion U.S.-made AIDS-preventing condoms in
poor countries around the world, has decided to buy from a Chinese firm.
the reasons for the change included lower prices (2 cents versus more than 5
cents for U.S.-made condoms) and the fact that Congress dropped “buy
American language” in a recent appropriations bill.
Given the quality of goods made in China, it's a good thing they won't be
used for birth control!
Story here.
Obama's Grassroots Network of Supporters Is Back On the Trail -- All 100
of Them!
While at today's press briefing, Gibbsy claimed over 1,000 had hit
the trail this past weekend, CNN reported 100 canvassers were going door to
door from New York to California to drum up support for Obamanation's
stimulus bill and budget.
Click here.
March 22, 2009
Depressed? There Are Some Good Reasons.
Trust PowerlineBlog.com to tell it like it is.
Here's
one reason one of its founders is depressed.
And
here's another good article on why so many are feeling depressed these
last couple months.
Honk if you agree. Toot, Toot!
Venezuela's Chavez Calls Obamanation "Ignoramus
Gee, now the whole world knows!
Click here.
USC "Let's The One Down!"
Never
one to let his narcissistic side hide, The One went on ESPN last week
to reveal his basketball bracket for the March Madness College playoffs.
"You let me down last year. Don't embarrass me in front of the
nation," he admonished the University of South Carolina players. "I'm
counting on you."
The University of Michigan beat USC 74 to 69. I can't wait to see The
One do embarrassment -- that will be a real award winning performance.
Special Bowler Challenges The One
In the wake of President Barack Obama's
incredibly insensitive joke on Thursday's "Tonight Show," a Special
Olympics bowler, with a staggering 266 average, has marvelously challenged
the current White House resident to a match, declaring on Friday, "I can
beat the president."
Kolan McConiughey has rolled five perfect games in his life -- including a
300 last fall in Lansing while competing in the Special Olympics.
If Obama has any character, he'll take Kolan up on this challenge, and
promise a sizable donation to the Special Olympics if this remarkable young
man beats him.
Meet Kolan.
March 21, 2009
I am speechless.
It seems to me the 46+% of Americans who did not vote for Obamanation
deserve representation. But Obama doesn't think so. This from
Bloomberg.
President Barack Obama may try to push through Congress a health-care
overhaul, energy proposals (read Cap and Trade) and tax increases by
using a partisan tactic that would thwart Republican efforts to block the
measures.
The administration and congressional Democrats are debating whether to use a
parliamentary procedure called reconciliation to advance some of the biggest
items on the president’s agenda. The move would allow Democrats to approve
plans to raise taxes by $1 trillion, create a cap-and-trade system to rein
in greenhouse-gas emissions, and overhaul health care without a single
Republican vote.
“You’re talking about running over the minority, putting them in cement and
throwing them into the Chicago River,” said Senator Judd Gregg, a New
Hampshire Republican who stepped down last month as Obama’s pick for
Commerce secretary. “It takes the minority completely out of the process.”
Reconciliation reduces the number of votes needed to pass legislation in the
100-seat Senate to a simple majority rather than the 60 required to overcome
resistance to major bills. The tactic also limits debate to no more than 20
hours and imposes restrictions on amendments.
Read the whole article.
While American soldiers fight around the globe to preserve our American
freedoms, here at home The One is systematically trying to eliminate them.
God help us!
March 20, 2009
Smoke Coming from the House!
Michelle Malkin's syndicated column today tallies up all the "craptacular
spending" that’s been going on while the AIG-bashing hypocrites on the Hill
crow about $165 million in corporate bonuses none of them bothered to stop
before they rushed to fork over billions to AIG in the first place."
Yep, Bawney and the gang sure got our attention with their stop rewarding
failure crowing. That's why hardly anyone noticed they moved Thursday
to dump another $5 billion into the on life support auto industry on top of
the Federal Reserve's Thursday announcement to print up to $1 trillion to
buy up Treasury bonds and mortgage securities sold by the government.
Well, sure, good investment except that no one else wants to buy them.
Obamnation continues on his spending spree.
Read the story.
Speaking of Bawney...
Did you love his outrage at the Fannie and Freddie retention bonus
payment plans?
Frank, that big purple ball of fluff, wrote in a letter to James Lockhart,
director of the Federal Housing Finance Agency that the public "rightfully
insists that large bonuses such as these awarded by institutions receiving
public funds at a time of a serious economic downturn cannot continue."
Trouble is, at a hearing before Frank's committee in September, Lockhart had
said that he planned to dole out extra pay to keep key executives.
In that testimony, the regulator told the committee that he "worked with the
new CEOs to establish employee retention programs. They agree with me that
it is very important to work with the current management teams and employees
to encourage them to stay."
Public anger over $165 million in bonuses paid to executives of American
International Group Inc (AIG.N: Quote, Profile, Research) prompted the House
on Thursday to approve
a 90 percent tax on bonuses for certain executives at companies getting
taxpayer-financed help. Some questions the constitutionality of this.
See below.
And Frank on Thursday said his panel will consider legislation on Tuesday to prohibit bonus payments by companies that have received government bailout funds, until investments are repaid in full. (Me thinks they won't stop there!)
What did they all know and when did they all know it? We keep finding
out the truth and that is that they are all just a bunch of liars.
Read the story.
I am outraged.
Are you? Update:
They'll Get Away With the AIG Tax!
While AIG execs are getting death threats and protesters line up in front of
their homes, it appears it will all be for naught as the retention bonuses
will be so heavily taxed, both on a federal and state level, they'll have
nothing left!
It was initially thought that the legislation would violate the
constitutional ban on bills of attainder, or laws that single out
individuals for punishment because it appeared to basically target a small
group of people.
However, the House took several steps to shield the measure from that
argument.
The measure doesn’t single out employees at AIG and instead uses general
language affecting all companies receiving more than $5 billion in federal
bailout money. Bonuses for employees at Bank of America Corp., Citigroup
Inc., JPMorgan Chase & Co., Goldman Sachs Group Inc. and Morgan Stanley
would be affected. Full
story here.
March 19, 2009
I am outraged.
Are you?
Has the US Constitution been burned? Or is the
House
of Representatives just double stupid? How can they
do this with
a straight face?
The House overwhelmingly approved on Thursday a
near total tax on bonuses
paid this year to employees
of the American International Group and other
firms
that have accepted large amounts of federal bailout
funds, rattling
Wall Street as lawmakers rushed to
respond to populist anger.
Gees, this was told yesterday:
Lawmakers outraged over the AIG bonuses have told the people who got the
money to watch out -- the government will get it back one way or the other,
even if it means taxing the heck out of their paychecks.
But legal scholars say Congress will have a tough time defending itself in
court if it goes down that road.
Not only would Congress be retroactively meddling with contractual
agreements, they say, but it would be passing laws that would essentially
target a specific group of employees.
Jonathan Turley, George Washington University law professor, said targeting
those employees through taxes would invite a valid court challenge.
"It could well trigger years of litigation," he said. "Just because a
company or individual is unpopular does not mean the government can
retroactively impose punitive measures against them. ... There's a host of
difficult contractual and constitutional and statutory barriers that would
have to be overcome by Congress."
Two of those difficulties, lawyers say, lie in Article I of the U.S.
Constitution -- a section stating Congress cannot pass any "Bill of
Attainder" or "ex post facto" law.
A Bill of Attainder is an act of the legislature that singles out and
punishes a group or individual without trial. An ex post facto law
retroactively changes the legal consequences of an act.
Obama on Leno -- Is this Presidential or laughable?
Obama is on Leno tonight yucking it up, from
what I have seen of the clips provided from the
earlier today taping. I'm disappointed in Jay Leno
for allowing this grandstanding and I'm also beside |
myself that America has to once again forego Idol |
for an Obama propaganda show on Tuesday.
LOL
Maybe some network ought to just give him a weekly
show and we can model it after Howdy Doody.
It's Barry Booby time, It's Barry Booby time. And he
can have his marionettes come on, aka Flub a Dub
and Phineas T. Bluster. Oh, and Dilly Dally.
Think we
could easily assign these names to those in his administration.
Maybe Michelle my Belle could be Clarabell the Clown, but alas, Clarabell
never spoke. Kowabonga!
March 18, 2009
Why No Outrage Over Obamanation's Plan to Take Away Heroes' Health Benefits?
Why didn't the MSM and even our conservative talking heads give more time to
this latest Obamanation?
The leader of
the nation's largest veterans organization says he is "deeply disappointed
and concerned" after a meeting with President Obama today to discuss a
proposal to force private insurance companies to pay for the treatment of
military veterans who have suffered service-connected disabilities and
injuries. The Obama administration recently revealed a plan to require
private insurance carriers to reimburse the Department of Veterans Affairs
(VA) in such cases.
"It became apparent during our discussion today that the President intends
to move forward with this unreasonable plan," said Commander David K.
Rehbein of The American Legion. "He says he is looking to generate
$540-million by this method, but refused to hear arguments about the moral
and government-avowed obligations that would be compromised by it."
The Commander, clearly angered as he emerged from the session said, "This
reimbursement plan would be inconsistent with the mandate ' to care for him
who shall have borne the battle' given that the United States government
sent members of the armed forces into harm's way, and not private insurance
companies. I say again that The American Legion does not and will not
support any plan that seeks to bill a veteran for treatment of a service
connected disability at the very agency that was created to treat the unique
need of America's veterans!"
Well, if you want to really see what we are up against,
click here to read the comments on
democraticunderground.com.
But then again, it seems there are a few who haven't been drinking all
the kool aid.
Fannie and Freddie Paying Bonuses, Too!
Fannie Mae plans to pay retention bonuses of at least $1 million to four key
executives as part of a plan to keep hundreds of employees from leaving the
government-controlled company.
Rival mortgage finance company Freddie Mac is planning similar awards, but
has not yet reported on which executives will benefit.
The two companies, which together own or back more than half of the home
mortgages in the country, have been hobbled by skyrocketing loan defaults.
Fannie recently requested $15 billion in federal aid, while Freddie has
sought a total of almost $45 billion.
Fannie Mae disclosed its "broad-based" retention program in a recent
regulatory filing with the Securities and Exchange Commission.
Ummm, regulatory filing with the Securities and Exchange Commission?
Was AIG required to do this? You betcha, and they did, months and
months and months ago.
It's time to
read and weep again.
Outrage Over AIG Bonuses/Retention Offers
Update
"I was responsible for bonus loophole,"
says Dodd.
This guy can spin with the best of them!
And he throws "the administration" under the bus plus I've already
heard him blaming Lonely Tim and Spank Hank.



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