wall street

Twenty Million Out Of Work – Obama’s Wonderland.

Spending our way out of the worst recession since the great depression, as a matter of fact folks are beginning to call this the GREAT RECESSION, is absolutely insane to anyone that has ever completed economics 101, run a small business or had to meet a payroll. Obama and the DeMarxist dominated Congress are producing money out of thin air and sooner or later someone is going to call in the chips.

There was a time that this country could and would WORK ourselves out of a recession. We had the know-how, we had the manufacturing base to do it. Hell’s bells, we don’t MAKE anything in this country any more. Virtually all our manufacturing has been moved offshore. The only growth in this country in the last year, with one out five Americans out of work, has been in the government sector and GOVERNMENT PRODUCES NOTHING!!

Big business has survived only by paring their workforce to the bone and having the remaining workforce pick up the slack by working harder and longer. Otherwise, Wall Street would look more like our unemployment figures. Large segments of Wall Street have been feeding at the government trough to the detriment of the US taxpayer, who is having to cough up more and more to keep this whole sick operation going.

Obama’s loudly and repeatedly touted solutions for our economic situation are a will-o’-the-wisp of Keynesian redistribution, which have absolutely zero chance of success. Every single program that has been put forth by this administration, from cash-for-clunkers to the foreclosure relief scheme, has not only failed but failed miserably, costing American taxpayers BILLIONS of dollars on top of the already outrageously insane PORK-LADEN TRILLIONS thrown to the winds by this dysfunctional and out of control government.

2010 is going to be a watershed year for Conservatives and Independents. If the Republican leadership thinks that they can piggy-back themselves back to power and then return to business as usual, they can pack up and leave now because we will sweep them from office as swiftly as we will get rid of the treasonous Marxists in our midst. We want America back for Americans. The list of wrongs to be righted grows daily, as does the list of those who we would be rid of. Listen now while you can, ignore us at your peril!

Semper Vigilans, Semper Fidelis

© Skip MacLure 2010

 

Dodd adds spice to his political comeback trail

My Senator is going to take some time off from manhandling the financial services sector and auto industry to do some campaigning among the common folks who were not blessed to be fathered by a U.S. Senator.

He will be in the small town of Somers today attending a Chili Cook-off 

You know, not among lobbyists and financiers--just "average people" whom you can't explain the working of finance to. Since only 21% of the voters approve of how you are managing the Banking Commitee, looks like you've given up on that, eh? But you'll still eat their chili. How noble.

Any release of pungent hot air from the Senator on tomorrow's televised gabfests will be purely coincidental, I'm sure.

Of course, we've been told the Senator has retooled his staff to prepare for a real re-election campaign, not the clueless dolts who could only find enough local donors to fit in a Honda Fit.

The Politico reports Dodd's new major domo will be Edward Silverman . Here's the read

Edward Silverman will become chief of staff for the Senate Banking Committee, according to several lobbyists close to the committee. Silverman currently heads public policy for Connecticut-­based firm RBS Securities and serves as treasurer of Dodd’s leadership political action committee. .....Silverman brings the type of experience that could prevent such media firestorms from igniting in the future, said lobbyists. He spent nine years working for Dodd in the 1980s, serving as banking committee counsel, legislative director and finally chief of staff.In 1989, he joined RBS, where he currently works as managing director and head of public policy.

Hmm, who exactly is RBS Securities?

RBS Securities (formerly RBS Greenwich Capital) is the Royal Bank of Scotland Group's U.S. investment bank/broker-dealer based in Greenwich, Connecticut that specializes in fixed income arbitrage and other fixed income strategies......In 2007, RBS was named Currency Derivatives House of the year by RISK Magazine

Hmm, Royal Bank of Scotland---the AIG of the UK!

 

The Royal Bank of Scotland Group (LSE: RBS) is a majority part-nationalised British banking and insurance holding company in which HM Treasury holds a 74% controlling shareholding, through the UK Financial Investments Limited. The group is based in Edinburgh, Scotland, and is the world's largest company by assets.

And what happened to RBS? Well their CEO, Fred Goodwin was fired by the Gordon Brown government who had to de facto nationalize the firm. Why? Because the bank had too much deriviative exposure!

 

However the business (now RBS Greenwich Capital) started making money, and under pressure of comparison with rapidly-growing competitors such as Barclays Capital, saw major expansion in 2005-7, not least in private equity loans and in the sub-prime mortgage market.[10] It became one of the top three underwriters of collateralized debt obligations (CDOs).[21] This increased exposure to the eventual "credit crunch" contributed to RBS's financial problems

Yep, Dodd thinks a guy tied in to the AIG of the UK is going to plot a path out of the mess he made with AIG, Fannie Mae and every other financial firm he's gotten within a kilometer of over the past two years.

Dodd may be eating chili today, but he's still selling the same crap sandwich.

Was Chris Dodd's "cottage industry" a payoff?

The Hartford Courant's Kevin Rennie is back on the case of Chris Dodd and his more and more bizarre real estate transactions

Rennie brings up more evidence that Dodd received a huge windfall gain on his Irish vacation cottage; received right after he successfully lobbied former President Bill Clinton for one of his infamous "midnight pardons". 

  In 2002, long into a historic Irish property value boom and the year after Dodd got Downe pardoned, Kessinger sold Dodd his share in the lair for only $15,000 more than the $107,000 he'd paid in 1994

Now who is Edward Downe Jr.? .  Well we already knew he was the Bear Stearns principal convicted in the early 1990's for insider trading and ordered to pay an  $11 million fine

Now, Rennie finds out that Downe and Dodd went in on a condo deal in Washington, DC in the 1980's

When Dodd owned a condominium with Downe in the 1980s, while Downe was carrying on his illegal stock scheme, no details of their arrangement were in the deed or mortgage filings.Who paid which expenses associated with owning the condominium didn't fall into the public's view. Neither did who used the condominium 

The rather clear inference is that Downe paid the bills and Dodd used the condo. While the statute of limitations on tax evasion has long passed, it does appear that Dodd received an appreciable amount of imputed income from a grifter whom he later got pardoned by the President. And I greatly doubt he declared this on his 1040's

Rennie concluded:

A presidential pardon is a rare possession, especially when the man pardoned, Downe, still owed millions to the Securities and Exchange Commission for his violations. Rarer still, however, is the real estate developer, like Kessinger, who appears to have left hundreds of thousands of dollars in appreciated value on the table for his minority-share partner. Dodd appears to have latched onto one — and, on paper, has turned a profit like the Wall Street pirates he once loved but now disdains.

One more time.  Why IS Chris Dodd Chairman of the Senate Banking Committee?   

 

CHRISTIE TELLS SUPPORTERS HE WILL RUN FOR GOVERNOR

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FORMER MORRIS COUNTY FREEHOLDER AND FEDERAL PROSECUTOR CHRIS CHRISTIEThis morning Chris Christie officially declared that he will make a run for the Republican nomination for Governor official during the first week of February.

With access to lists of Republican supporters and activists collected by Christie supporters such as State Senator Joe Kyrillos, the former prosecutor sent the following message.

Dear Friend,

This morning I am filing papers to begin the process to become a candidate for the Republican nomination for Governor of New Jersey.

I did not take this step lightly. It was only after careful consideration and consultation with my family that I decided to become a candidate.

New Jersey is broken. New Jersey’s taxes have become so unaffordable that more families are leaving our state than moving here. Our state's business tax climate is ranked 50th in the nation and has become so unattractive to employers that only government jobs are growing in New Jersey. Yet nothing in Trenton gets done to fix these problems.

We can change this. We can solve these problems if we're willing to make the tough decisions.

In my seven years as your United States Attorney, I didn't shy away from any of the tough decisions. I took on corporate greed, political corruption, terrorism and environmental polluters. Public officials from both parties were prosecuted for corruption – more than 130 were convicted, and not one was acquitted. Corporate executives who cheated their companies and hurt their workers were successfully prosecuted. Terrorist plots were disrupted; polluters punished.

Many didn’t believe we could win these battles. We did, and with strong leadership we will win the fight for Governor and change this state for the better.

My formal announcement for Governor will come in the first week in February and I hope you will join us (I will email you the details). With strong leadership now, we can fix our broken state and make it more affordable for all New Jersey families.

Sincerely,

Chris Christie

The filing of papers with the State Board of Elections to begin making his his candidacy for Governor of New Jersey a reality is about time.

For Christie to stall his decision to run or not run any longer would be detrimental to both his own success and our party’s success.

It is no secret that he would probably be running and to begin with a late, or later start than he already intends, only makes things tougher for the G.O.P. than they may already be.

From the message sent out by Christie, which essentially makes his intentions clear, one can see that the soon to be candidate for the Republican nomination for Governor of New Jersey is banking on a campaign that will play up his prosecutorial, clean government credentials and business interests.

Those are important issues however, Christie would be wise to highlight the damage done to the citizens of New Jersey due to the anti business climate that Corzine and Democrats have created in the state more than just the desire of businesses. The focus needs to be on the people. By simply making himself the “pro-business” candidate, Christie will fall into a trap that Democrats are great at. It is a trap that, in the minds of voters, Democrats perpetuate a sense that Republicans are the party for big business.

So Christie needs to carefully phrase his intentions to improve the environment for business in New Jersey.antchristiey

One of the most encouraging comments in his email was a reference to the fact that only government jobs are growing in New Jersey. If Christie can hammer home the fact that Democrats have made government a business that they treat like corrupt Wall Street, ponzi schemers and profit from at the sake of taxpayers, he may be on to a winning theme in November.

But first he must get our nomination.

It is my hope that Chris Christie will work hard for that nomination. He just might have to with people like Assemblyman Richard Merkt and former Mayor Steve Lonegan on his tail.

The two, especially Mayor Lonegan are going to be innovative in their approaches to government and in a time when Americans were wanting “change”, New Jerseyans are really wanting change. Business as usual is not something that New Jersey residents want from government and people like Steve Lonegan are anything but business usual. Many can see that as a refreshing change from the business as usual that we have gotten from the current administration in Trenton.

So once Christie does become an official candidate and starts campaigning as one, it will be interesting to see how he distinguishes himself from the pack and from your run of the mill politicians.

And the sooner he starts trying to do so, the better.

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Be Sure To Sign The Petition To

REPEAL THE CONGRESSIONAL PAY HIKE

Sign the Online Petition - Repeal The Automatic Pay Raise That Congress Is Receiving

Pass The Link On To Family, Friends and Co-workers

http://www.gopetition.com/online/24301.html

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AND DON'T FORGET.............

BE SURE TO SIGN THE PETITION URGING THE NOMINATION

OF SENATOR BECK FOR LT. GOV.

 

 

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POSTED EARLIER TODAY: JACK KEMP - A POLITICAL ICON BATTLES CANCER

It has been reported that Jack Kemp has cancer.

His office released the following statement:

“Mr. Kemp has been undergoing tests to determine the origin of the disease and the options for continued treatment. He will continue to serve as Chairman of Kemp Partners and plans to remain involved in his business, charitable and politically related activities. Mr. Kemp and his family are grateful for the thoughts and prayers of friends and appreciate respect for their privacy at this time”..........

To Read More, Go To:

http://politics247.wordpress.com/2009/01/07/jack-kemp-a-political-icon-battles-cancer/

NJ STATE SENATOR PUTS GOVERNOR IN A CORNER

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Senator Jennifer Beck fired the first shot in one of the new year's opening session of the antbecksmall1New Jersey State Senate.

To a packed chamber, the feisty freshman Senator stated "New Jersey's fiscal mess is one of the worst in the country, and the responsibility for being worse off than other States comes from Corzine" . "Corzine refuses to acknowledge that his tax and toll increases, unsustainable spending increases, and a job-killing COAH/housing subsidy bill have made things worse and can't be blamed on others." She added "Every time Corzine is asked about New Jersey's fiscal mess, he refuses to accept any responsibility,".

When first campaigning for Governor, then U.S. Senator Jon Corzine promised to control state spending, yet once elected, during the first six months of is misadministration, he raised taxes by almost $2 billion dollars. Now that he is up for re-election, New Jersey has a budget gap of $2.1 billion dollars, an amount that surpasses the revenue of increased taxes that he initiated during his first six months in office.

His most recent try at closing the existing budget gap came with an announcement that decared he was going to to slash the state budget as much as $812 million dollars by targeting things such as adolescent illiteracy where he can eliminate as much as $ 11 thousand.

These recent attempts at controlling spending are miniscule and misdirected but almost as troubling as what we are hearing from Corzine is what we are not hearing from him.

Throughout his tenure as Governor, Corzine has been quite clandestine about budget numbers and contract negotiations. Republican lawmakers have recently filed lawsuits which seek to have the Governor reveal certain figures and there is currently a case in the courts that deals with secret emails between the Governor and his former girlfriend Carla Katz regarding how the two negotiated a state contract with a local Communication Workers Union, one of the state’s most powerful unions of which Katz was thePresident of at the time.

As most of us know, Governor Corzine has been doing everything but govern.

The past few years have been an example of a man who has been controlled by events and unable to control any events. More than that, he has been unable to cope with events. The state of New Jersey has spiraled out of economic control and it began to do so long before the rest of the nation entered troubled economic territory.

For the average person, under Corzine, New Jersey has become increasingly unaffordable and the quality of life in the Garden State has done anything but improve.

It is part of the reason for declines in population which will cost the state a congressional seat after the 2010 census.

It is a result of people fleeing New Jersey for more affordable states with more opportunity and more economic freedom.

For these reasons Senator Beck joined with State Senator Kevin O’Toole, ( R )-Bergen, and called upon the Governor to “ finally accept some responsibility for New Jersey’s fiscal mess” and adopt what they called “three bipartisan common-sense ideas to make New Jersey more affordable and hold government accountable”. The proposa urges the governor to:

  1. Listen to bipartisan calls in the senate to postpone, and make substantial reforms to, a job crushing COAH/housing subsidy law.
  2. Listen to bipartisan calls in the senate for additional spending cuts. (See $1.2 billion in spending cuts proposed by Republicans)
  3. Listen to bipartisan calls in the Senate to derail a Corzine proposal to let local government skip pension payments until after his reelection.

All of the above are reasonable and realistic steps, that few could rationally argue against and that even fewer can see reason not to accept.

So we are quite proud of Senator Beck. We are proud of her many legislative initiatives targeted at turning things around New Jersey, including the aforementioned bipartisan proposal.

We are proud of her many efforts to open the legislative process up to the public, eliminate government corruption and to reform government in New Jersey. We are also proud of and grateful for her taking the lead once again and demanding that Governor Corzine at least try to effectively deal with the mess that he has only made worse up to now.

 

BE SURE TO SIGN THE PETITION URGING THE SELECTION OF JENNIFER BECK FOR LIEUTENANT GOVERNOR CLICK ON THE IMAGE ABOVE OR GO TO http://www.gopetition.com/online/23572.html/

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Be Sure To Sign The Petition To

REPEAL THE CONGRESSIONAL PAY HIKE

Sign the Online Petition - Repeal The Automatic Pay Raise That Congress Is Receiving

Pass The Link On To Family, Friends and Co-workers

http://www.gopetition.com/online/24301.html

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Time to name names.

 

 

 

As I recently pointed out (click here and here), now that McCain and Obama have done their duty for their real masters, Wall Street; John McCain can now afford to name names.

For the record: while it may seem like many middle Americans are only to happy to respond to this ploy; what they really are responding to is the realization that someone has finally heard their voices in this election -- that free-market, fiscal conservatism is not dead -- that once their true leader is found, these ideals will rise to political dominance again and right the wrongs that are presently being undertaken in their name.

ex animo

 

 

davidfarrar 

 

Please help me honor those "House Patriots" who voted against the bailout bill.

It is always important to honor those who did the right thing. So I humbly ask all those here at TNR to help create a cyber "State Honor Roll" of  House members from each state who had the right stuff, who did the right thing, and to distribute their list to its widest limits on the boundless public stage of the internet.

I hope by doing so, all those other politicians who didn't measure up, who didn't see their way through to do the right thing,  will understand we will not forget come election time. It is very imporant that we do this.

I will start with my own State delegation from Georgia, who numbered an amazing nine(9) Representatives who voted against the Wall Street bailout give away-- God bless them all!

1. Rep.   John Barrow           (D GA 12th District)        

 2. Rep.   Hank Johnson       (D GA 4th District)           

  3. Rep.  Paul Broun            (R GA 10th District)       

 4. Rep. Nathan Deal            (R-GA 9th District)          

5. Rep. Phil Gingrey              (R-GA 11th District)        

6. Rep. Rep. Jack Kingston  (R-GA 1st District)           

 7. Rep. John Linder               (R-GA 7th District)         

8.Rep. Tom Price                  (R-GA 6th District)          

9.Rep. Lynn Westmoreland  (R-GA 3rd District)            

Please create your own "State Honor Roll", or I will work with anyone who would like help in creating their own for their House Reps who did the right thing. Positive re-enforcement is a very powerful tool yet seldom used in politics. It is time we used it in conjunction with the power of the Internet do demonstrate to all those who didn't do the right thing their mistake in a positive way.

So I would ask all those who can post these "State Honor Rolls" to do so one their own websites, or where ever and when ever you can on the vast public stage of the Internet. 

ex animo

davidfarrar

McCain behind in the polls is his own fault.

A posting from the "Politico":

Member Since: Oct. 3, 2008

Party: Republican

Last Visited: Oct. 3, 2008 - 12:52 PM EST

#70Oct. 3, 2008 - 12:48 PM EST

McCain lost my vote when he supported this bail-out. he couldn't even wait to be elected before sticking it to the conservatives and if elected he'd have 4 years to give us heart-burn, i'm not going for it. how can he call himself a reformer and vote for socialism like he just did. obviously the republicans didn't learn the lesson we tried to send em in 2006. maybe 4 years of democratic rule will bring SOMEBODY we can vote for.

 

ex animo

davidfarrar

The price of pork

Oh, I get it...the Senate is now asking the House to approve a pork laden bailout bill to solve a credit crunch that was caused by too much government credit in the first place.   You can't stop a problem of too much spending, too much deficits and too much inflation with more of the same -- you can only delay the inevitable. There is something else afoot here, and it has nothing to do with the state of our economy.

Make no mistake about it, this bailout bill was never about the money, but all about the consolidation of power. The Senate deal has now been reduced to adding a few barrels of pork in return for fundamentally restructuring the division of power from the Congress to the executive branch.

Sure, the Senate made a few provisions to address this issue, but those provisions really didn't change the fact that after this vote, it will be the executive branch that determines what to spend the nation's wealth upon, not the Congress. I hope every House Rep who votes for this bailout bill enjoys their pork because the 110th Congress will live in infamy as the Congress that gave away its power and our liberty.

ex animo

davidfarrar


The National Online Party

Fascism has arrived with a smiley face

Fascism has arrived with a smiley face as a result of the Senate's vote tonight. With the passage of its companion bill in the House, it will no longer matter who wins the upcoming debate, or who wins the presidential election. Elections themselves will no longer be relevant, simply an illusion for the people's' consumption and entertainment, like the Circus Maximus of old Rome.
The real leader of this country now resides in the Office of the Treasury Secretary.  And make no mistake about it, the moneyed class know exactly what happened. This is, in fact, the answer to Ron Paul's own question as to why the government would even want to go through a Congressional vote on the motion of a bailout when the government already had all of the necessary power to allocate the $700 billion, and more (click here) (1:50-2:14). The answer is, it was never about the money, it was all about the consolidation of power -- the fascist state being legally brought into being through an act of Congress.  American history will record this date as the date we, the People, lost our sovereignty and placed it in the hands of the moneyed class.  
 As long as the moneyed class can successfully keep bread in the people's stomach and their attention focused on the circus maximus of public elections, the people will never notice nor care that their liberty has been replaced by a

                               

                              smiley face.

 Welcome.

ex animo

davidfarrar

 

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