GM = Government Motors

"NEW YORK, March 30 -- After ousting General Motors' chief executive, President Obama warned Monday that bankruptcy may be unavoidable for two American automotive giants. -WASHINGTON POST

Senator Bob Corker I think has it right

"This is a marked departure from the past, truly breathtaking, and should send a chill through all Americans who believe in free enterprise," Sen. Bob Corker (R-Tenn.), who sits on the Senate Banking Committee, said in a statement. "Firing Rick Wagoner is a sideshow to distract us from the fact that the administration has no progress to announce today."

Benneto Mussolini is smiling in Hell!

OBAMANATION: No "E" in DHS enforcement!

From the Washington Post:
"Homeland Security Secretary Janet Napolitano has delayed a series of proposed immigration raids and other enforcement actions at U.S. workplaces in recent weeks, asking agents in her department to apply more scrutiny to the selection and investigation of targets as well as the timing of raids, federal officials said."

In other words slow down and cutback on enforcement. Now why would Homeland Security Secretary Napolitano try to delay and cutback on enforcement of our nation's laws?

"The raids have enraged Latino community and religious leaders, immigrant advocates and civil liberties groups important to the Democratic base, who have stepped up pressure on Obama to stop them."

Wuups there it is! So it's not really about enforcing U.S. laws and doing what's right for the country it's about doing what right for the Democratic Party. I wish the Obama administration would come to it's senses and understand that enforcement is not the problem when it comes to illegal immigration. It's the lack of enforcement that is the cause of the problem! Or as Leigh H. Winchell, the ICE special agent in charge in Seattle, wrote in an e-mail to his staff :

"You did nothing wrong and you did everything right," "I cannot control the politics that take place with these types of situations, but I can remind you that you are great servants of this country and this agency."

Mr. Leigh is spot on about the dedicated ICE agents. I wish I could say the same about Homeland Security Secretary Janet Napolitano and the Obama Administration.

Seize the ????

"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." - Washington Post

File this under what the F?

CENSUS?: DON'T COUNT ON IT!

From today's Washington Post:

"Amid fears that millions of people may be overlooked during next year's census, the Census Bureau will launch a $250 million promotional campaign to encourage participation in the decennial head count, especially among hard-to-reach minority groups in urban areas."

This is of course one of the reason's why the Whitehouse wants control of the census. Meanwhile the liberal mainstream media ignores the issue that the Obama administration will be using his radical friends at ACORN as temporary workers to help conduct the census. You know the ones who submitted all those fraudulent voter registration forms. Hola suckers!

How about starting with this crowd of illegals 1500 miles from the southern border. Have Immigration Customs and Enforcement pick them up and count them as they deport them. We'd be taking care of two problems at once. Yes we can!

A TAXPAYERS'S CRAP SANDWICH

Tim Geithner is expected to announce today the Obama administration's Taxpayer's crap sandwich where we will taxpayers be buying up the "bad assets" aka failed sub prime loans that the banks gave out because of their greed and activist's groups like ACORN pushed because of their social agenda. Of course President Obama did not mention the latter part of the problem on his 60 minutes appearance last night.

Smells like ACORN

From th AP:
"FAIRFIELD, Conn. (Mar. 21) - A busload of activists representing working- and middle-class families paid visits Saturday to the lavish homes of American International Group executives to protest the tens of millions of dollars in bonuses awarded by the struggling insurance company after it received a massive federal bailout. "

The AP never identifies these activists wonder if they are Obama's radical friends from ACORN?

Obamanomics: AIG Bonus addition

President Obama is shocked that some people at AIG were given bonuses totaling $160 million dollars. He's either lying or has no clue what members of his administration are doing. Meanwhile the idiots in Congress retroactively impose a 90% tax on those bonuses which were legally given out. Which is a scary proposition for those of us who pay taxes. Meanwhile, Senator Chris Dodd who originally had a provision in the "Stimulus Bill" that would limit these bonuses but, the Obama administration had him take those restrictions. He's not the only one who was boondoggled by the Obama administration:

"The culprit behind the killing of the Wyden provision remains unsolved -- but Dodd fingering Treasury adds weight to Wyden's sense that members of Obama's economic team were behind the elimination of his amendment. And, in both cases, major decisions involving taxpayer money were carried out in a way that flies not in the face of fairness, but in the face of the administration's promises of transparency and accountability." -Huffington Post

So with Obama like his predecessor George W. Bush the questions remain he is he lying about knowing about the bonuses or clueless about what it is going in his administration. Obama should know that he can no longer escape the issues and accountability by speeches. Because they are becoming just words.

Obama and Dodd got their AIG bonuses

My my from "the when you wonder why things happen file". Take a look which two politicians got the most money from AIG in 2008: Why it's:

Barack Obama

Chris Dodd

File this info in the "Hello Suckers" file! Yeah they are outraged over the AIG bonuses. All they got was a measely hundred thousand dollars.

Liberal Dumbocrat Pelosi enforcing U.S. law is "un-American"

"Nancy Pelosi says enforcing immigration laws is “un-American” -Michelle Malkin

What's the word I am looking for to describe her? Idiot! Just won't do.

Capitol shock over AIG bonuses

Barack Obama and others is hopping mad over $167 million dollars in bonuses that are to be paid to employees of AIG. Like the famous scene from Casablanca he and other pols in Washington are shocked that there is greed in the financial industry. He has instructed his "gelt" boy to try and stop it. My advice is don't hold your breath waiting for this.

"President Obama's apparent inability to block executive bonuses at insurance giant AIG has dealt a sharp blow to his young administration and is threatening to derail both public and congressional support for his ambitious political agenda. "-Washington Post

The question many of us taxpayers are asking is why is AIG still around as a company? Why was it not forced into bankruptcy? Could it be that pols like Nancy Pelosi and John Kerry who own stock in AIG still have a chance of gettting some of their money out as long as we taxpayers keep the company on life support using taxpayers dollars?

Bad news on AIDS in DC

From Today's Washington Post:

"At least 3 percent of District residents have HIV or AIDS, a total that far surpasses the 1 percent threshold that constitutes a "generalized and severe" epidemic, according to a report scheduled to be released by health officials tomorrow."

How bad is it?

"Our rates are higher than West Africa," said Shannon L. Hader, director of the District's HIV/AIDS Administration, who once led the Federal Centers for Disease Control and Prevention's work in Zimbabwe. "They're on par with Uganda and some parts of Kenya."

So after spending billions of taxpayer dollars spent on trying to educate people about the danger and spread of aids what does Washington D.C.'s Mayor Fenty conclude?

"You have this problem affecting us, and you tell people how serious it is and it literally goes in one ear and out the other."

What is to be done? President Obama and the liberals will probably try and throw more taxpayer dollars at "education" about AIDS. Yeah, like that has worked in the past. Then the gay community will organize yet another bike ride somewhere. It won't help either but, it will make them feel good.

Mo money Obama & the Audacity of B.S.

"I am signing an imperfect omnibus bill because it is necessary for the ongoing functions of government," -President Obama

What B.S.! President Obama did not have to sign this "imperfect bill" Omnibus spending bill that increases costs to us taxpayers by 8% over last year budget. He could have vetoed it and Congress could have passed a continuing resolution to fund the government at the current rate. Not a bad idea since he has already spent over a trillion dollars in his first fifty days as President. Then he had the audacity to issue a signing statement something he criticised George Bush for doing. Here is the money quote from the AP:

"Two days after criticizing his predecessor for issuing guidelines on how to put legislation into
practice, President Barack Obama issued such a directive himself."

It's not change but, hypocrisy that Obama has bought to Washington.

Obama Foreclosure Follies II

While President Obama is sensitive to being asked if he is a "socialist" he still continues to push to spend 87 billion taxpayer dollars to stop foreclosures which also provides money for his "activist" friends in groups like ACORN. Elsewhere market forces are working to decrease the amount of foreclosed houses without using tax payer dollars. Exhibit A:

It seems the Obama Administration is more concerned with throwing more taxpayer money at the foreclosure problem even when market forces are working to correct it without costing us taxpayers more money.

STIMULUS MONEY QUOTE OF THE DAY

From Today's Washington Post:

"When [the stimulus] runs out, we're going to be in a world of hurt . . . so I'd rather see this go into a fund that we would not be able to access except for emergencies," he said. "While this is a 'stimulus' package, that's not how I run my personal life. I don't know a whole lot of people who go out and spend if they realize that in two years they're not going to have money."

A least there are some people who are looking down the road to see what's coming.

Sol Obama?

Not quite sure to make of this action. The New York Times asked Barack Obama flat out if he was a socialist. He said no. But, that did not stop him a few hours later calling up the Times again to reiterate that he was not. Hmmmm.

SOME REAL BEER CAN POLITICS

How Obama's tax plan really works....Let's talk beer!

OBAMA'S FORECLOSURE FOLLIES! OUR TAX DOLLARS!

Hello fellow sucker taxpayers! Remember Stanley Johnson?



Well President Obama is going to help him and millions of others using about 75 billion of our taxpayer dollars to bailout the lenders and borrowers who made and got loans that should have never been made in the first place. And guess who is going to help pay for this foreclosure bailout plan. Yes you and me the responsible tax payers!

Here is what President Obama said:
" We have launched a housing plan that will help responsible families facing the threat of foreclosure lower their monthly payments and refinance their mortgages. It's a plan that won't help speculators or that neighbor down the street who bought a house he could never hope to afford."

Oh yeah Mr. President? The Associated Press has Ben Bernanke telling us something completly different:

"AP, Feb. 25: Defending the program Tuesday at a Senate hearing, Federal Reserve Chairman Ben Bernanke said it's important to save those who made bad calls, for the greater good. He likened it to calling the fire department to put out a blaze caused by someone smoking in bed. "I think the smart way to deal with a situation like that is to put out the fire, save him from his own consequences of his own action but then, going forward, enact penalties and set tougher rules about smoking in bed."

No Mr. Bernanke the person who is smoking in bed deserves to get burned. You don't just toss the cigarette to us taxpayers who just happen to live next door and think everything will be fine.

Then there is this ends justify the means rational from Sheila Bair:

"I think it's just simply impractical to try to do a forensic analysis of each and every one of these delinquent loans," she told NPR.

Wait a minute! You don't think it's practical to look at these loans. Isn't that how the banks got into this mess in the first place? But, there's more to this idiotic logic.

And, Bair added, it's in the "collective economic interest" to not have more foreclosed homes on the market. "To try to punish all of those parties now by foreclosing on more homes, putting more families on the street, putting more houses onto the inventory, creating more downward pressure on home prices when you have so much inventory on the market right now. Is that in our collective economic interest to do that? I just don't think that it is."

That's the problem with people like this in the Obama administration they don't think! While foreclosure is certainly bad for the reckless borrowers and the banks who gave out the loans. Having us responsible taxpayers bail this bad behavior is not the answer. Let the foreclosures happen and then there will be opportunities for more responsible people to get into these homes. People like:

Lynn Powers, 39, a Bethesda, Md., resident who describes herself as a “liberal Democrat” who has been hardworking, prudent and responsible — and now feels “like a fool."“We were in the market,” she says. “We put out eight bids and got outbid every time. It was very upsetting for us. I want to see some accountability and responsibility across the board. The only way for me to have an affordable home, and I’m not looking for a McMansion at all, is if we let the chips fall, in a sense. This is still the bubble — the prices have to come down. You can’t just subsidize some of the people. I don’t know how you deleverage. It is going to be painful, but this is also hurting the people who behaved responsibly.”
What does she mean by “responsibly”?

“People who didn’t overbuy. Who stuck to their guns. Who read their contracts,” she says. She and her husband wound up buying a 600-square-foot studio and moved to a rental when they had their daughter, now 18 months old.

“My husband and I paid for our cars in cash,” she says. “We have no credit card debt. We have no student loans. I don’t buy Starbucks, but that’s because they’re non-fair trade, nonenvironmental.”

When they tried to buy a house, she said, “We just felt outgunned.” And now, she says, “I feel very outgunned as a citizen.”

And she should feel out gunned. Her government is subsidizing the people who out bid her on some of those houses. Now when she and her husband might be able to grab a foreclosed property at a reasonable price the Obama administration is rigging the market. This chart from a TIME magazine article shows what has been happening due to the foreclosures.

The chart shows home prices approaching a more normal average so that responsible people like Lynn Powers and her husband can get another shot at being a homeowner. But, Obama's plan is to stop the foreclosures and so keep house prices artificially high.

I think this woman from Maryland pretty much sums up the feeling of many of us responsible taxpayers to Obama's misguided plan:

“I am an Obama supporter, campaigned for him, baked cookies for him; my husband and I are Democrats all the way, but this is the issue that gets our goat.”
Echoing Santelli’s complaint, a Silver Spring, Md., mom who did not want her name used adds: “I’m not sure why we should work and pay for someone else to have a granite countertop or an extra bathroom.” When asked about people who hadn’t overreached but had lost their down-?payment money when the value of their homes had dropped, she replies, “We put money in a 401(k), and we lost that money, and no one is going to give it back.”-Politico

Taking advice from Bush and Obama?

So after playing the fear card to get the Nancy Pelosi money Stimulus giveaway package passed. President Obama is now telling people to buy stocks. Nothing has changed in Washington. George W. Bush told us to go shopping after 9/11 and now Obama is telling us to buy stocks. Both spent money we don't have with their fiscal irresponsibility.

Dem taxes?

From today's Washington Post:

"Former Dallas mayor Ron Kirk, who is President Obama's nominee to be the U.S. trade representative, failed to pay almost $10,000 in taxes during the past three years because of a series of mistakes, the Senate Finance Committee said yesterday."

Let's see Congressman Charlie Rangel, Tom Daschle, and our "Treasury" Secretary Tim Geithner. It seems the Republicans may be right after all. The Democrats don't mind raising taxes because they never pay them! Between the trillion dollars of the Stimulus Bill, Bank Bailouts, and the Foreclosure Follies. Is it too much to ask of Obama's appointees to pay their taxes? I and many other taxpayers do.

TIME MAGAZINE: The usual suspects?

File this under: "You've got to be kidding?" Seems TIME magazine did an article of a list of the 25 most responsible to blame for the economic bailout mess. But, left off two prime suspects dumbocratic Senator Chris Dodd and Congressman Barney Frank. It seems they got quite a few letters complaining about this oversight in reporting.