BET FOUNDER JOHNSON GIVES OBAMA AND WARREN BUFFET A SMACKDOWN

With President Obama playing dumb about his socialist storm trooper friends camping down on Wall Street. Black Entertainment Television founder has some advice for him and Warren Buffet too!

"I didn't go in to business to create a public policy success for either party, Republican or Democrat. I went in business to create jobs and opportunity, create opportunity, create value for myself and my investors. And that's what the president should be praising, not demagoguing us simply because Warren Buffet says he pays more than his secretary. He should pay the secretary more and she will pay more."- BET founder Robert Johnson  

RADIOHEADS, USEFUL IDIOTS, PUTINS PUPPETS AND WATERMELONS

Watching the antics of the anarchists and communists and their useful idiots who are camping out and demonstrating on Wall Street is amusing, irritating and disturbing to varying degrees. I'm sure some of the strings controlling these urban campers run all the way back to Moscow. They are Putin's street puppets. Just because the mainstream media says the cold war is over does not mean it is. Also with someone as clueless as Obama in the White House it creates a perfect opportunity for Putin to help create mayhem in this country from the inside. Social media today also makes it easy for them to drum up more useful idiots to swell the crowd numbers. They did this the other day by spreading the rumor that RADIOHEAD would be giving a free concert in the area. So Radiohead fans swelled the crowds. But, thankfully many of the RADIOHEAD fans left when they realized there would be no concert.  The fans are smarter than the Wall Street protest organizers give them credit for. Some of them knew they were being used.
One person who seems to have the pulse for what is really going on is author James Delingpole  whose new book WATERMELONS exposes some of the more nefarious forces behind the current "green" movement. You can hear some of his thoughts  in this  interview on Reason TV:

Bailout failure: They call it Democracy!

"A bipartisan rebellion in the House killed a $700 billion rescue plan for the nation's financial system yesterday, "- Washington Post

Funny how the Post like some of the polititans in Washington is calling this a "rescue" when the American people overwelmingly know this is a bailout of the idiots of Wall Street. Speaking of idiots. How about that Nancy Pelosi? here are some of the money quotes:

"The Democratic side more than lived up to its side of the bargain," said House Speaker Nancy Pelosi (D-Calif.). "

Bargain my ass! Creating legislation to spend $700 billion of taxpayer money is not a bargain this was a bailout of Wall Street. The American people know it and they let their representatives know it in know uncertain terms.


"What happened today cannot stand," Pelosi said. "We must move forward, and I hope that the markets will take that message."


What can not stand ,Nancy? The will of the American people? Who flooded the offices of their Representatives with calls that this plan sucked? They call it Democracy for better or worse you and everyone else in Washington had better remember that!

Wall Street is selling it's sh$t! Guess who is buying it?

From today's Washington Post:

Congressional leaders and the Bush administration this morning said they
had struck an accord to insert the government deeply into the nation's financial
markets, agreeing to spend up to $700 billion to relieve Wall Street of troubled
assets backed by faltering home mortgages.

Yes Wall Street is selling it's sh$t and we tax payers are buying it! Hello suckers!

Full details of the plan were not immediately available.

That's because the devil was busy looking at it and try to find a way to climb into it.

There was at least one good piece of news the Republicans seemed to have been able to get the Democrats to drop their demand that suspect "social services" groups like A.C.O.R.N don't get hold of any taxpayer money since their record of corruption and voter registration fraud is one of the under reported scandals in this whole mess. Here is the money quote:

They also agreed not to dedicate a portion of any profits from the bailout
program to an affordable housing fund that Republicans claimed would primarily
assist social service organizations that support the Democratic Party, the
official said

Only time will tell how badly we taxpayers are being screwed by this legislation and those who negotiated it want this passed before the opening bell of Wall Street. So it looks like our time is up!

Fear, greed and tears

"The Federal Reserve cut a short-term interest rate yesterday to try to keep problems in the housing and mortgage markets from dragging the nation into recession, but Wall Street judged the move as too timid and financial markets tanked. "-Washington Post

Only on Wall Street can good news be looked on as bad news because greed seems to know no bounds. Meanwhile:

"The chief executives for two of the nation's dominant mortgage-finance companies traveled to Wall Street yesterday and delivered competing words of regret for having to take painful steps to shore up their businesses.
The two government-chartered firms recently cut the dividends they pay shareholders and borrowed billions of dollars of relatively costly capital to stay in compliance with regulatory requirements and ride out the turmoil in the housing market.
"We wanted to dilute the common shareholders like we wanted to shoot ourselves in the head with a gun," Richard F. Syron, Freddie Mac chairman and chief executive, told a gathering of investment analysts.
"I wanted to cut off both my arms, and both my legs, and my head and my kidney," Fannie Mae chief executive Daniel H. Mudd said later in the day. "

TRANSLATION: We felt bad all the way to our second homes.

Only the little people pay taxes.

My neighbor announced several months ago that he was giving up the business he ran out of his home and went back to working as a manager of a Supermarket. He then offered all he knew is when you work for someone else you pay a hell of a lot more in taxes. I told him welcome to the club. David Ignatius in today's Washington Post has an insightful piece about how we in the middle class are getting screwed or at least paying our fair share taxes while some of the "masters of the universe" go out and get to buy another home. Here is just one of the money quotes:

The most prominent critic is mega-billionaire Warren Buffett, chief executive of Berkshire Hathaway and a director of The Washington Post Co. He famously admonished his fellow moguls a month ago that they were paying a lower tax rate than the people who cleaned their offices -- and offered them $1 million if they could prove otherwise.

Or as Leona Helmsley said:

We don't pay taxes. Only the little people pay taxes- Leona Helmsley