DeMarxists in Congress are accelerating their totalitarian lockstep to steal your country away from you before the mid-term elections will sweep them from power in both Houses and put an abrupt end to their dreams of a communist America. I’m getting really tired of reading mush-headed, mealy-mouthed writers who haven’t the courage of their supposed convictions. Liberal-Progressive (the favored term du jour of our little red friends)-Socialist-Leninist-Marxist-Communist. These terms are completely interchangeable.
Barney Frank and Chris Dodd
There’s a classic pic of the intrepid duo of Barney (The Banking Queen) Frank and his bud, Chris (Cretin) Dodd coming out of the White House, with Frank looking like he just finished doing what he does best, according to rumors around the beltway… pulling his pants back up. Not surprising, given we are talking about the guy whose male prostitute boyfriend was running a gay brothel out of Frank’s Washington Condo. (Has anybody cleared this dude with the health dept?) Hey, Obama… want everybody in the country tested for AIDS/HIV? No need to look any farther than your own backyard for a start.
Amazing. The statists still haven’t figured out that the vast number of people in this country are, have been and, God willing, always will be in committed monogamous relationships. The DeMarxists put much into the effort to make you think differently, as the destruction of the moral fabric of America is, if not the most important item on their agenda, very close to it.
Barney Frank is a totally despicable human being. That he now has the nerve to hammer banking regulation when he was one of the principal architects of the mortgage banking crash is chutzpah to a spectacular degree.
Special note to the liberal hack/anarchists sitting in their mamas’ basements taking shots at people like Dee and myself: now that’s a personal attack.
Unfortunately, I see absolutely no way to remove Frank from his cozy little gerrymandered sinecure any time soon. The best we can do is to isolate the little toad and send him shrieking into the background.
After delineating a really grim assessment, WSJ/NBC Democrat pollster Peter Hart, in part, had this to say, “a really ugly mood and an unhappy electorate” – happily for Conservatives, which now outnumber their radical statist opposites by more than two to one. Mr Hart has masterfully understated the absolute rage boiling just under the surface out here in the hinterlands.
Something with equal downside potential is the DeMarxist failed attempt at driving wedges into the ever-more-powerful Conservative/Patriot/TeaParty/Republican coalition, which they attempted to fragment with the old Bill Clinton – Ross Perot third party siren song. Didn’t work. Next, they attempted to demonize the people they perceived to be the ‘leaders of the movement’. Uh-uh, that hasn’t worked either. They’re afraid to go home and face their constituents.
I guess the only tactic left to them would be the scorched-earth policy of trying to steal the election— a very risky move given the mood of the country, but a typical communist desperation tactic, which in any country other than this one would have reasonable expectation of success. America is on the march… and it’s not the Obamao lockstep either.
David Axelrod is telling us breathlessly that his glorious leader is FEISTY. I guess from that monumental statement Conservatives should be quaking in our boots in anticipation of the drubbing to be handed out by the President during his state of the union address. Pardon us while we don’t get overly apprehensive about repackaged garbage. According to White House insiders President Obama will focus on JOBS and the DEFICIT. In other words, everything he has worked so diligently to destroy in his ideological drive to transform this nation a la Saul Alinsky.
This is worth repeating. While Obama is busy revamping his message and telling us what a terrible raw deal he was handed by George Bush… remember that one? The one engineered by Democrats through Fannie and Freddie, Acorn, AIG and players like Goldman Sachs, with the willing accompaniment and active interference of people like Barack Obama, Barney Frank, Hillary Clinton and Chris Dodd, the chairman of the House Banking Committee? Good public servants all.
Our President has presided over a money glut of historic proportions, one which if allowed to run to its conclusion will cost the taxpayers of this country FOUR POINT NINE TRILLION DOLLARS by 2016. This is in addition to the 5.1 trillion Bush and Obama are already responsible for. Now he wishes to speak of fiscal responsibility and will seek to find blame everywhere but where it belongs. During the Bush years we saw gains of THREE POINT SEVEN MILLION new jobs. Not as impressive as the Clinton years and the hysterical growth prior to the .com bubble burst, which left George Bush with a recession of his own to deal with, a fact that is conveniently discarded by the tame Democrat left-leaning press and most politicians, but still solid substantial job growth.
Now we come to Obama and the great GREEN job revolution that ain’t. Better than 15.3 million jobs lost to the recession, according to the Bureau of Labor Statistics. The pathetically few jobs he can credit himself with are mostly government and / or temporary. Once again, GOVERNMENT PRODUCES NOTHING.
The American people know about job growth. They know where jobs come from and they also know that runaway regulation and massive tax increases are not going to create those jobs. Obama is putting out feelers for a SECOND stimulus to ‘jump start’ job growth. That seems to be the entire liberal philosophy… not accounting or taking responsibility for failed policy but taking refuge behind inanity such as “it needed more funding to do it right”, or “it needed more time”, which amounts to the same thing.
This is a mantra we’ve heard from the left consistently on one public policy issue after another for a hundred years. The definition of insanity is doing something with negative results and going back and doing it again and again expecting a different outcome. President Obama, we await your little extravaganza with bated breath, while we observe your cronies scrambling for whatever political cover they can find.
Of course, if one of the most durable Democratic politicians of our generation can't defend the Obama Administration's policies on the economy and health care, how can we expect lesser politicos to do so?
Evidently we can't, as in the past 24 hours we've seen a pillage of Democratic candidates in Michigan, North Dakota and Colorado akin to the final scene of The Godfather.
We'll see how the CT musical chairs play out. But anyone who is pencilling in Dick Blumenthal's name ought to watch what happens to MA AG Martha Coakley very closely. I suspect the risk averse Blumenthal will as well..
Anyway, now the bittersweet feeling of a task accomplished.
While the rest of the nation stagnates and one out of five Americans is out of a job, President Obama, in the still of the night, approved UNLIMITED FUNDING for mortgage giants Fanny Mae and Freddy Mac. The two entities that are probably singularly most responsible for the crash of the sub-prime housing loan market.
Although they were successful in lining the pockets of many Democratic operatives along the way, in 2008 Fanny and Freddie exploded, taking Bear Stearns with them and leading to the failure of many other smaller entities, as we have seen. Hillary Clinton, Barack Obama and Christopher Dodd were all beholden to Fanny and Freddie for substantial contributions. The US government has bailed Fanny and Freddie out to the tune of ONE POINT FIVE TRILLION DOLLARS in direct and indirect aid. Those are TAXPAYER dollars, it should be noted.
What was going on was these two quasi-government backed Corporations, being major purchasers of SUB-PRIME mortgage paper, were BUNDLING these dubious assets and selling them as bonds. This precarious process worked as long as housing prices continued to rise. As early as 2003, regulators were warning of looming catastrophe “in the unlikely event that the two giants failed”.
Republican efforts to regulate Fanny and Freddie were defeated BY DEMOCRATS, IN PARTY-LINE VOTES. Since their failure in 2008, the two mortgage giants have consumed 1.1 trillion dollars in Fed backing and thus far this year have lost 124.4 billion dollars which has had to be picked up by the Federal Reserve. Now the treasury has removed the 400 BILLION dollar cap on funding losses AT THE DIRECTION OF THE OBAMA ADMINISTRATION, replacing it with an UNLIMITED FUNDING CAP! That’s like handing a chronic alcoholic a half gallon of booze and telling him to knock himself out.
THIS is Obama’s much vaunted fiscal responsibility? Fanny Mae and Freddie Mac are headed down the same road as before and we have the SAME Democrats running interference for them. Wonder who they’ll blame it on this time?
The Obama administration pledged Thursday to provide unlimited financial assistance to mortgage giants Fannie Mae and Freddie Mac, an eleventh-hour move that allows the government to exceed the current $400 billion cap on emergency aid without seeking permission from a bailout-weary Congress.
The Christmas Eve announcement by the Treasury Department means that it can continue to run the companies, which were seized last year, as arms of the government for the rest of President Obama's current term.
But even as the administration was making this open-ended financial commitment, Fannie Mae and Freddie Mac disclosed that they had received approval from their federal regulator to pay $42 million in Wall Street-style compensation packages to 12 top executives for 2009.
The compensation packages, including up to $6 million each to Fannie Mae and Freddie Mac's chief executives, come amid an ongoing public debate about lavish payments to executives at banks and other financial firms that have received taxpayer aid. But while many firms on Wall Street have repaid the assistance, there is no prospect that Fannie Mae and Freddie Mac will do so.
Where to start?
the questionable constituitionality of making a monetary committment in the absence of congressional authorization. Jeez, where I went to law school my con law class taught me the executive could only spend money appropriated by Congress. Has the Constitution been amended since then to enable the Treasury to appropriate their own funds?
The fact that over a year after the collapse of the two GSE's neither Treasury Secretary Geithner nor Senate Banking Committee chairman Dodd have any inkling as to an exit strategy for these failed firms
That after making a huge brouhaha over the AIG bonuses that the Feds plan to approve equally large bonuses to executives of firms which are also failing to earn any money
The fact that $400 Billion of taxpayers subsidies are not enough, and that these firms appear to be well on the way to becoming perpetual money pits for the taxpayers?
But while Dodd, the chairman of the Senate Banking Committee, insisted that the firms known as Fannie Mae and Freddie Mac were “in sound situation” and “good shape,” he also ripped the administration and the Federal Reserve Bank........
Dodd also warned the television talk show’s host that to suggest Fannie Mae and Freddie Mac were “in major trouble is not accurate.”
In a few days Robert Downey Jr. will star in a new movie version of "Sherlock Holmes". This week in CT we have been treated to a new mystery.
One senator, Joe Lieberman, has been out front and center on the debate over health care...attracting almost as much attention...and venom...as wayward golf legend Tiger Woods
The other senator just weeks ago pledged to make it his mission to pass health care reform as a tribute to his late friend. But in recent weeks, Chris Dodd has gone into radio silence on the whole issue.
At first I thought Harry Reid had put a gag order on Dodd, lest unpleasant banking stories step on socialized medicine talking points. But now I realize this form of omerta is probably the result of Dodd's pollster's
Today I wandered into a copy of a poll Whit Ayres took in CT on November 8-10 for a national business advocacy group. The results indicate that this very blue state has little enthusiasm for health care reform
Connecticut voters overall, and independents in particular, think that health care reform will raise their taxes, increase the deficit, cause their health care costs to go up, expand government control over health care, and harm health care for seniors
The specifics bear this out.
66% of CT voters believe health care reform will cause taxes to go up
69% of CT voters believe health care reform will increase the deficit
a majority of CT voters, inclusing 68% of independents and 62% of seniors believe the proposed Medicare cuts will harm health care for seniors
a majority of CT voters believe the reforms will raise their health care costs
The "public option" didn't save the troubled bill. Although overall support was split; the intensity of opposition was far greater than the intensity of support, with 36% of the voters "strongly opposing" it. 44% of independents "strongly opposed" the public option.
Finally, despite all the screaming and bleating from the lefties across the nation, the poll showed Joe Lieberman clearly the more popular of CT's two senators Lieberman had a 52% to 29% favorable rating, while Dodd was negative by a 41% to 47% rating; which included a shocking 59% negative rating from independents.
So this polls explains why Joe Lieberman is comfortable standing alone on health care, and why Chris Dodd is on radio silence. The relentless advocacy of health care reform didn;t save Dodd's political fortunes, and the issue isn't looking to do much damage to Lieberman's standing.
Explains why one dog is barking, and one isn't. now doesn't it?
These numbers jibe with our view that Dodd is about as unelectable as unindicted incumbents get. And now that Democratic leaders have reached a similar conclusion, the question is how public they have to get before Dodd takes the hint that it is time to exit the race, and how messy the situation becomes. .......
As a general policy, the Cook Political Report does not rate unindicted incumbents worse than "Toss Up," at least until Labor Day of the election year since some endangered incumbents have a tendency to make comebacks despite appearing hopeless early in the cycle. There have been some rare exceptions to this policy over the years, and Dodd now joins that small group. The race moves from Toss Up to Lean Republican.
Guess that Presidential campaign in 2007 and 2008 wasn't such a good idea, was it , Chris?
Yep, Ms. Duffy's article can be summed up in one picture
Chris Dodd is desperate. And he had yet another bad day in CT yesterday.
Evidnetly , having wasted 2009 on the health care reform quagmire, some pollsters and focus groups must have screamed at him that what CT residents care about is the tsunami of pink slips. So he proposes a "jobs program"
EAST HARTFORD - U.S. Sen. Christopher Dodd said Monday that he will urge Congress and the Obama Administration to direct as much as $125 billion in unused and repaid federal bailout money to projects that benefit small businesses and entrepreneurs, to foster a "21st-century boom."
I'm not sure given the snowballing national debt that there isn't an absolute necessity to use TARP repayments to pay back federal borrowing. Still, this has to be a better idea than what Dodd originally wanted to do with TARP repayments, which was to subsidize "affordable housing " advocates, aka ACORN.
No wonder things are in the mess they are in. We have the economic agenda of "The Producers" at work!
America started losing jobs in January 2008, shortly after Dodd abandoned his Senate duties to relocate to Iowa for a disasterous Presidential campaign. We have lost jobs for 23 consecutive months. And during much of this time Dodd was vacationing in Ireland or ignoring his Banking committee to run the Health Care Committee.
Now Dodd notices unemployment is a problem? Please.
Note to Dodd's sleazy campaign manager Jay Howser, who was last seen in the muck of the Louisiana bayou smearing Bobby Jindal and getting DC Harlot Mary "Louisiana Purchase" Landrieu re-elected.
When asked for examples of comebacks comparable to the one Dodd would have to pull off, Howser cited two: Minnesota Sen. Paul Wellstone’s 2002 surge, cut short by his death in a plane crash, and Massachusetts Sen. Ted Kennedy’s 1994 comeback against Mitt Romney.
Chris Dodd thinks he's Ted Kennedy. We all know Ted Kennedy. Chris Dodd, however, is no Ted Kennedy.
And no hired gun oozing out of the swamp is going to convince Connecticut voters to give him another chance after the reign of error he's engaged in over the last five years.