econarchy

The hypocrisy and downright stupidity coming out of Washington is deafening. After the story broke about AIG paying $165 Million in bonuses to various Managers, all hell broke lose among the general public. And when the general public gets upset, frothing Washington bureaucrats cannot be far behind. Now the Obama Administration is seething with rage over the audacity of a business paying bonuses which a) they are legally obligated to pay, and which b) may incent top talent to actually stay at the dying company.

Here is a funny thought - maybe if the politicians that were so anxious to give our taxpayer dollars to these suffering companies would have actually, oh I don’t know, put some stipulations on the money before giving it out, they would have room to talk. But when you just give out free money with no strings attached to a company obligated to pay bonuses, you have no room for complaint.

Here is a brief overview of what is going on.

• AIG received $173 Billion in Federal bailout money.
• AIG is struggling to keep their good people from leaving the company.
• AIG has a legal commitment to pay $160 Million in bonuses promised to certain Managers long before ever receiving any bailout money.
• Washington wants them to ignore this commitment to their people, and not pay the bonuses. Apparently the politicians think that people work for free. Gee, I wonder why….

Here is my analysis on this issue. If Washington doesn’t want these private companies acting like private companies, they should stop giving them money and let them fail. But now that all taxpayers are invested (heavily) in the bailed out companies like AIG, we should want them to succeed. Washington should want them to succeed. If they don’t succeed, we lose the $173 Billion that we gave. Now here is what liberals never, ever, ever understand - no company will succeed without good people, and good people are expensive.

So when the liberals froth at the mouth and go into convulsions over these companies paying bonuses, then insist that bonuses be cut back or cut out altogether, they are essentially signing the company’s death certificate. If AIG cannot pay to keep their top talent, the top talent will leave. The top people can ALWAYS find jobs, even in this economy. This goes not just for AIG, but for Bank of America, Citi, and all the others. Every week there is a news story about Washington’s anger over a bailed-out company giving bonuses, or going on a business trip, or advertising, or all of the other basic needs of any company hoping to succeed in a competitive and challenging market. No advertising? No bonuses? No corporate meetings? This is beginning to sound like a government office rather than a private business! Oh, wait….. maybe thats the point? To turn the US into Venezuela?

Kill the bonuses, lose the good people. Lose the good people, kill the company. Perhaps if Obama had any actual work experience in the business world he would understand this. Or maybe he understands and doesn’t care. When you appeal to the bottom rung of society, you are going to do what appeals to the bottom rung of society - and class warfare/hating the rich is the hot ticket right now.

Uhhhhhhhhh…… I seem to remember Bush saying that last year. Isn’t that what Obama mocked Bush and McCain for repeatedly during his campaign? I tell you what, Obama is a disgrace. He cannot think for himself. He is a mouthpiece for his advisers, which seem to be changing every day. Now I know why he needs his teleprompter with him 24×7. This guy doesn’t know what color the sky is unless someone tells him.

Obama starts off with “Hope”, then spreads fear and panic, and now is telling us to calm down. This is all within 4 months. What a douche.

Maybe Buffet and some of his other rich, elitist buddies told him he needs to start changing his tone so the stock market improves.

 WASHINGTON (AP) — The economy is fundamentally sound despite the temporary “mess” it’s in, the White House said Sunday in the kind of upbeat assessment that Barack Obama had mocked as a presidential candidate.

Obama’s Democratic allies pleaded for patience with an administration hitting the two-month mark this week, while Republicans said the White House’s plans ignore small business and the immediate need to fix what ails the economy. After weeks projecting a dismal outlook on the economy, administration officials — led by the president himself in recent days — swung their rhetoric toward optimism in what became Wall Street’s best stretch since November.

During the fall campaign, Obama relentlessly criticized his Republican opponent, Sen. John McCain, for declaring, “The fundamentals of our economy are strong.” Obama’s team painted the veteran senator as out of touch and failing to grasp the challenges facing the country.

But on Sunday, that optimistic message came from economic adviser Christina Romer. When asked during an appearance on NBC’s “Meet the Press” if the fundamentals of the economy were sound, she replied: “Of course they are sound.”

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Green programs don’t save economies. Light rails in dying cities don’t save economies. Researching frogs don’t save economies. Promoting the “arts” does not save economies.

Obama’s spending program, the largest non-war spending bill ever, is simply a gift to the liberals and little more. It is a gift to the eco-hippies, the artsy crowd, and the social welfare supporters. I don’t even think that is up for debate; just look at where the money is going.

What really frustrates me is Obama’s outright disdain and disrespect for the stock markets. They have clearly shown their disgust of this administration (the market is down 31% since election day - a truly shocking figure in just 4 months.) What liberals fail to realize is that the stock market is the home of the retirement investments of millions of Americans. So when policy destroys businesses in this country, it subsequently destroys the retirements of American citizens. But what am I thinking…. Obama only cares about the irresponsible, poor, and unemployed Americans. He surely doesn’t care about people who, you know, actually saved money for retirement.

If you want to really learn about how Obama is ushering in a new Depression, just read the WSJ Op-Ed pages. Here is an excerpt from a recent article:

 The Dow Jones Industrial Average fell another 281 points yesterday, or 4%, while President Obama began his political push for nationalizing health care and Barney Frank called upon state, local and federal officials to prosecute “those people whose irresponsible and, in some cases, criminal actions helped bring about this crisis.” (In what must have been an oversight, Mr. Frank left himself off the target list.) Citigroup — subject of three federal “rescues” so far — closed at $1.02 a share.

The larger point is that economies don’t spiral down forever without a reason and without policy encouragement. What’s worrying about the plunge in equities since January 2, and especially in the last week since Mr. Obama released his radical budget, is that it has come amid the unveiling of the President’s policy agenda. Equity prices have reacted to those proposals by signaling that they expect a much deeper and longer recession.

The optimistic message in Mr. Cogan’s comparisons is that recessions eventually end. How long they last, and how severe they get, depends in part on the choices our leaders make. The choices that Mr. Obama and Congress are making so far are not contributing to confidence, much less to recovery.

 Read More from the WSJ

C’mon, Obama. Just own up to it. You are a big government President. Why the spin? You believe that the government exists to solve every problem in the world, and you are doing everything you can to live out your dream. For some reason you believe that where others fail (USSR, China, Cuba, Venezuela, France, Germany, etc, etc….) you will succeed. Of course you will. After all, you are the Messiah. The Chosen One. The rock star. Your name be praised.

We already know you are a hypocrite (where to even begin). You support a Spending Bill with such an absolutely embarassing amount of earmarks that I cannot for the life of me understand how anyone could live with themselves for writing, supporting or (gasp) signing this insult to America. But hey, “equal protection under the law” only applies during good times, right?

But it’s not just the earmarks. You are bound and determined to make sure that the top 2% of wage earners (who don’t have enough votes for you to care), fund the every fantasy of your lower-class, lazy, overweight, whiny, populist voter base. You obviously have no shame. You are willing to force a minority of taxpayers that you don’t care about to pay for such insane things that you cannot possibly posess an ounce of shame. Or integrity for that matter. I see you want the goverment to pay for home improvements now.  But unlike your voter base, I am smart enough to know that the government doesn’t actually pay for anything. The taxpayers do. And under your Master Plan, only 2% of the taxpayers do. What a great way to buy votes! Again, that darn “equal protection under the law” stuff doesn’t apply to taxes. We all know that.

To top it all off, we are all soon going to be under the “Obamacare” health plan.  Again, the government that still puts my neighbor’s mail in my box and operates the ever-so-efficient Bureau of Motor Vehicles and IRS is somehow qualified to manage my health care. Yea. Right. Anything to make the government bigger, right Mr. Obama? But hey, I understand that when you rely on the votes of the botton rung of society, you do what you can to buy their support. That is all this is - buying votes. No sane person really thinks government health care is the answer to anything other than bigger government.

But the real icing on the cake is that you elect to increase taxes on the group that keeps this economy affloat during  the biggest economic crisis in 80 years. What are you thinking? Oh, I remember. You are thinking that a bad economy makes more people dependent on the government, which in turn benefits the Liberals. So perhaps you like this whole “bad economy” thing. It sure is ussuring in the era of Socialism that you and your do-gooder elitist clan have been peddling since the 60s.

Just remember one thing, Mr. President. If it wasn’t for the top 5% of the population, the bottom 95% would starve to death.

That’s right. Now the Obamassiah can have you fired if you aren’t willing to perform an abortion. Bush had put protections in place so that Doctors and Nurses cannot be fired if they choose not to perform abortions on moral grounds. Now Obama wants to reverse that policy which would require doctors and nurses to perform abortions, whether they want to or not. Refusal would mean being fired.

The government forcing you to do abortions? Darn right! This is the Obamassiah and the “change” he promised.

President Obama wants to rescind a Bush administration rule that strengthened job protections for doctors and nurses who refuse for moral reasons to perform abortions.

A Health and Human Services official said Friday the administration will publish notice of its intentions early next week, opening a 30-day comment period for advocates, medical groups and the public. The official spoke on condition of anonymity because the notice has not been completed.

The Bush administration instituted the rule in its last days, and it was quickly challenged in federal court by several states and medical organizations. As a candidate, Obama criticized the regulation and campaign aides promised that if elected, he would review it.

The news that he was doing so drew praise from abortion-rights supporters and condemnation from groups opposed to abortion.

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By now we have all heard of the fraud perpetrated by Bernie Madoff. After a successful career he started his own firm, which we now know was just a front for a massive Ponzai scheme. You see, Bernie raised money from people to payback former investors. So he had to keep raising more and more money from one group of people to hand it to another group. Eventually this scheme collapsed, as they always do.

Now we hear of another Billionaire, Allen Stanford, perpetrating another huge ponzai scheme. Just like Madoff, Stanford raised money from new investors to pay previous investors.

Does this sound familiar to you? It should, and for one key reason - this financial fraud that will undoubtedly result in prison for these two men is fundamentally identical to the US Tax System. Think about it. They took money from one group of people to give money to another group. And when the money ran out, they were exposed and their systems failed. Robbing with the right hand to give a handout with the left hand is exactly what Obama and the Liberals envision for the US.

We have had a “progressive tax” system in the US for a long time. The top 1% of wage earners pay 34% of all taxes. The top 10% pay  66% of all taxes, and the top 50% basically pay for it all - a whopping 97% of all taxes. This means that a solid HALF of the people who WORK (this doesn’t count the unemployed and unemployable) pay nothing in federal income tax.

So the way the system works is simple, take money from one group of people to give money to another group. The US tax system is especially insipid and unjust because they take the money from a powerless minority. When you rob from 1% of the population to get 34% of your income, what is that 1% going to do about it? Vote against you? That doesn’t sound very threatening when you can use the money from that 1% to buy the votes of 50% of the population. Oh, but Obama wants to cut the deficit. Yea, right. He has no plan to do that and the numbers speak for themselves.

Obama and Pelosi will never admit it, but they are no better than Madoff, Stanford, or any other scam artist. They stand up on their pedestals and decry the fraud and scheming of these people, but they create laws so they can get away with it. Liberal politicians are common crooks. Thieves. No different from someone who robs at gunpoint to line their own pockets. But since they are the Aristocracy put into power via Manifest Destiny, they feel like they have moral authority over us. They rob, and steal and deny freedom, liberty, and justice from a powerless minority to purchase support from the majority. It is the opposite of justice. It is the antithesis of liberty.

It is thievery; perpetrated by the worst kind of criminal - the kind that feels like they have a moral authority to commit their crime against liberty, freedom, and justice. Tyrannical rules such as these should be criticized and called out for what they are. They are even worse than Madoff and Stanford because they take your money by force. Nobody was forced to give their life savings to Madoff, but if you don’t pay your taxes you are going to prison. Period.

So spare us your moral superiority complex, Pelosi, Obama, and all the rest of you liberals. You are no better than the con artists and schemers that you decry from your pulpit.  In fact, you are worse.

“Tax the rich”

That is Obama’s plan to fix the deficit. Take money from the “RICH” with one hand and hand it out as welfare with the other.

Newsflash, when you give taxpayer dollars to people who don’t pay taxes, that is NOT a “tax cut”. That is welfare. And Obama is growing the US welfare state like no other. Because the more who are dependent on the government, the more power the Democrats have over us. The best thing for a Democrat is a population dependent on the government.

Drudge Report

Wow! What an absolutely-brilliant, totally sane, 100% justifiable use of our taxpayer dollars! I cannot possibly find anything at all disturbing about this!!!!

JERUSALEM —  The United States is preparing to donate more than $900 million for the reconstruction of Gaza, a U.S. official said Monday, as U.S. Secretary of State Hillary Clinton prepared to attend a donors conference for the war-ravaged territory next week. Israeli and Palestinian officials said earlier Monday that Clinton will visit Israel and the West Bank during the first week of March for her first trip to the region as America’s top diplomat.

Clinton said during her Asia trip this month that she would attend an international donors conference in Egypt on March 2 to discuss reconstruction in Gaza.

She provided no other details, but a U.S. official in the United States said Monday that the Obama administration’s donation will likely top $900 million in humanitarian and rebuilding aid to the Palestinian Authority to help Gaza recover from Israel’s offensive against Hamas last month.

Brilliant!

Read More…

Remember the Muslims protesting the cartoon of Muhammed in Europe?

Hmm, that looks an awful lot like this:

How do you feel about any group protesting against free speech and demanding punishment? Both of them are enemies of free speech. Sharpton and all his race-baiting goons need to shut up already.

• The Dow at a 10-year low
• A tax cheat running the IRS
• Another tax cheat as the Chief of Staff
• A trillion-dollar plus federal deficit
• Over one-half of voters relieved of any federal tax liability
• Government mandated limits on executive compensation
• Three failed attempts and still no Commerce Secretary
• Tom Daschle rides his free limo into the sunset - after paying taxes he evaded.
• The White House performance czar turns out to be a tax cheat also
• Lobbyists hired to work for the Obama Administration
• The census gets politicized
• Double government spending in one year
• The word “freedom” fades into obscurity
• Increasing home loan mortgage rates across the board
• Millions of Americans made dependent on government
• Moving unionization-by-intimidation forward
• Welfare checks become “tax cuts.”
• Illegal aliens free to work on taxpayer-funded “stimulus” projects
• Welfare reform reversed, states ordered to increase welfare roles
• Move to silence critical talk radio shows
• Selling Senate seats
• Obama books in religious sections of book stores
• More government workers, not private sector jobs
• Government bureaucracy to intrude on doctor/patient confidentiality
• Stage set for medical services rationing
• Annual welfare checks for middle income families

Thanks to neal boortz