BREAKING SCANDAL: Obama Caught Sending Stimulus Money Offshore
Barack Obama said the Waxman-Markey carbon tax would help create “green energy” jobs in the U.S. He is now using taxpayer dollars to fund jobs in Spain.
by Bill Levinson
Barack Obama sold the Waxman-Markey “American Clean Energy and Security Act” to Congress and the American people by saying that investment in so-called “green energy” would create millions of high-wage American manufacturing jobs. We received an E-mail from the Society of Manufacturing Engineers (nonpartisan professional organization) that exposed Barack Obama as a blatant prevaricator who is shamelessly using our tax dollars to create jobs not in the United States but in foreign countries. We wonder what rank and file union members–not union bosses who, to paraphrase Henry Ford, have never worked in a shop and whose ambition is to never have to work in a shop, but blue collar workers who actually put in eight hours of honest work every day–will do to
If Bush were still "the decider" he'd be employing mercenaries like Blackwater and propagandists like the Rendon Group and he might even be expanding the number of private security contractors in Afghanistan. In fact, the whole executive branch would be packed with disreputable corporate executive types. You'd have somebody like John ("May I torture this one some more, please?") Rizzo still serving, at least for a while, as general counsel at the CIA. The White House and Justice Department would be crawling with corporate cronies, people like John Brennan, Greg Craig, James Jones, and Eric Holder. Most of the top prosecutors hired at the Department of Justice for political purposes would still be on the job. And political prisoners, like former Alabama Governor Don Siegelman and former top Democratic donor Paul Minor would still be abandoned to their fate.
In addition, the bank bailouts Bush and his economic team initiated in his second term would still b
Today’s roundup of stimulus coverage:
More than half of all stimulus contracts awarded so far are “cost-type” contracts, even though the administration told federal agencies in February to aggressively avoid this type of risky agreement, Government Executive reports. Of the $10.18 billion in stimulus contracts obligated as of Aug. 28, 53 percent are cost-type contracts, in which the government commits to reimburse the contractor for allowable costs. Language in the Recovery Act directs agencies to utilize fixed-price contracts (in which the contractor assumes the bulk of the risk for running over cost) “to the maximum extent possible.”
To curb the lobbying feeding frenzy surrounding the nearly $800 billion stimulus package, in March the Obama administration imposed unprecedented restrictions on lobbyists: All lobbyist communications regarding specific projects were to be submitted in writing, and general conversations between government officials and lobbyists about stimulus policies had to be noted in disclosures posted online.
We decided to track this promise with a clock—so far it’s at 94 days and counting—and there is no sign it will be stopping any time soon.
Social scientist and New York Times best-selling author Martin L. Gross tells Newsmax that the U.S. is heading for "national suicide" due to overspending and high taxes.
Gross has testified before six Congressional committees on government inefficiency and is the author of the new book "National Suicide: How Washington Is Destroying the American Dream from A to Z."
Gross told Newsmax.TV's Kathleen Walter about the basic premise of his book.
See Video: Martin Gross talks about the dangerous combination of high taxes and overspending leading to “National Suicide” - Click Here Now
"The federal government's major evil is basically its size and the politicians who run it ineffectively," said Gross, who has also been a syndicated newspaper columnist.
"Now the Democrats have moved ahead in spending so vigorously and so aggressively that we're leaning toward national suicide.
"The administration of the government is pitiful.
A former Treasury official has told the watchdog for the $700 billion Wall Street bailout program that President Obama's promise to restrict lobbyist access to the bailout was made purely for political reasons.
Months after the administration's pledge, the lobbyist rules haven't been implemented and Neel Kashkari, the one-time czar of the agency's Troubled Asset Relief Program, told the office of the special inspector general for TARP that the pledge to craft safeguards against lobbyist influence was a defensive move.
"Mr. Kashkari believed that this statement was purely for political reasons with Obama's new entering administration, and that there was no substantive reason for this announcement," the office wrote in a document obtained by The Washington Times in which the inspector general recounted Mr. Kashkari's April 30 interview with the auditors.
"He noted that, at that time, there had been headlines in the press regarding lobbyists
"War on terror" -- the Bush-era phrase that has disappeared at the Obama White House -- appeared again on Monday. When spokesman Robert Gibbs was asked about funding and troop levels for the war in Afghanistan, he said:
We are not -- the President, whether it's the economy, health care, or anything, isn't going to -- we're not going to make -- we're not going to see the entire thing turn around in a few months, after years and years of neglect. You can't under-resource the most important part of our war on terror, you can't under-resource that for five or six or seven years -- whether it's under-resourced with troops, whether it's under-resourced with civilian manpower, whether it's under-resourced with economic development funding -- and hope to snap your fingers and have that turn around in just a few months.
Video is here.
Attorney General Eric Holder is reshaping the Justice Dept’s Civil Rights Division by pushing
it back into voting rights, housing, employment, bank lending
practices and redistricting after the 2010 census.
Welcome to the FDIC's version of "let's screw the consumer" (again):
To encourage banks to pick through the wreckage of their collapsed competitors, the Federal Deposit Insurance Corp. has agreed to assume most of the risk on $80 billion in loans and other assets. The agency expects it will eventually have to cover $14 billion in future losses on deals cut so far. The initiative amounts to a subsidy for dozens of hand-picked banks.
Uh huh. And how are these "hand-picked" banks picked?
Oh, that will never be disclosed, right? There will never be an open process on that, will there?
The big issue here is that the so-called "loss projections" are, in my opinion, hopelessly optimistic.
Take Colonial. BB&T thinks the real valuation is somewhere around 37% off "face". The FDIC's assumption of 14 billion in loss against 80 billion in guarantees is 17% of face. Someone's wrong, and I'm willing to bet its not BB&T
Rick Sanchez plays portions of a sermon given by Pastor Steven
Anderson from a Tempe, AZ, church, given the day before President Obama
arrived for a town hall meeting. Anderson's sermon was titled "Why I
Hate Barack Obama." He says the President "deserves to die" for
supporting abortions, and should "melt like a snail."
According
to "a CNN source with very close ties to the Secret Service," death
threats against President Obama have risen. Sanchez calls it a "deeply
disturbing trend that is taking place in our country."
Incidentally, it was also confirmed that the man who carried a gun to that same Obama event was in attendance at that sermon.
Sen. Jay Rockefeller's revised Cybersecurity Act of 2009 is worse than the original version he unveiled in April. That one drew well-deserved derision from civil liberties advocates left and right, as well as from Silicon Valley executives fearful that their company assets would be confiscated by government fiat. The West Virginia Democrat's new version is full of vague legislative language that is the public-policy equivalent of throwing the barn door open to horse thieves. As the Electronic Frontier Foundation's Lee Thien told CNET: "The language has changed but it doesn't contain any real additional limits. It simply switches the more direct and obvious language they had originally to the more ambiguous." Thien adds that the bill contains no administrative or appeals process to limit what he describes as the "amorphous" powers granted to the president.
Just how amorphous is seen in the bill's grant of presidential authority to "declare a
Ousted Illinois Gov. Rod Blagojevich says in a new book that White House chief of staff Rahm Emanuel wanted his help in arranging to leave the Obama administration after two years to reclaim his seat in Congress.
Blagojevich writes in "The Governor" that Emanuel spoke with him about whether it was possible to appoint a "placeholder" to the congressional seat Emanuel was giving up so that he could win back the seat in 2010 and continue his efforts to become speaker some day.
President Barack Obama's job approval rating is down to 42%, with a decline in approval from Democrats the leading factor.
The latest Zogby Interactive poll of 4,518 likely voters conducted from August 28-31 found 48% disapprove and 42% approve of the job Obama is doing. The poll found 75% of Democrats approve of Obama's performance, a drop of 13 points among Democrats from an interactive poll done July 21-24 of this year. That same poll found 48% of all likely voters approving of Obama's job performance, and 49% disapproving.
In the most recent poll, 8% of Republicans and 37% of Independents approve of Obama's job performance. Both are down slightly from six weeks ago; two points among Republicans and three among Independents.
The tables below compare changes from July 24 to Aug. 31 in Obama's job approval among some of the groups who were Obama's strongest supporters in the November election;
If you like living in the suburbs, having your own little piece of God's green Earth, and being part of the community schools, churches and civic groups, well, too bad because the "Smart Growth" progressives in Congress and the National Reseach Council have a new report that shows how much better things would be if instead you and your family lived in an urban high rise.
According to a news alert from the NRC, the report examines "how suburbanization -- made possible largely due to the prevalence of automobiles and the extensive U.S. highway system -- impacts the number of miles we drive, our reliance on petroleum fuel, and the percent of greenhouse gas emissions from transportation.
"The report looks at studies on compact, mixed-use development where people live in denser environments with jobs and shopping close by, to determine whether a shift to this type of land use could lessen vehicle use, energy consumption, and CO2 emissions."
Why would living
It's worthwhile to rate a politician's "job performance" only if you first realize that a politician's goal (his "job") is not to serve the people, but to empower himself and the puppet-masters who own him.
A former firefighter, Fugate managed disasters for 20 years in Florida, the fiasco capital of America. Even more bizarrely for FEMA,
often a dumping ground for friends of the powerful, Fugate has no
political connections to Obama. Instead, he got his job the
old-fashioned way—when Homeland Security Secretary Janet Napolitano was
looking for candidates, people kept mentioning his name. He has a
reputation for telling it like it is—in a field where “it” is usually
bad.
Consider Mr. Bernanke's track record against his stated goals as Fed chairman. In opposition to his predecessor, Alan Greenspan, Bernanke said that he would communicate clearly and openly with the investment community. This, he said, would remove an element of uncertainty for investors.
However, it didn't take long for him to do an about-face on this issue. He learned that even the smallest utterance could shake markets. Today he embraces the jargon and ambiguities of his forerunner.
Barack Obama, whose presidential campaign focused on a more open and transparent government, seems untroubled by Mr. Bernanke's repeal of his own earlier plea for increased transparency.
Is there anyone out there who needs any more proof that the usurper that sits illegally in the President’s chair in the Oval Office of the White House is, bit by bit, piece by piece, and day by day, in the process of totally destroying the democratic republic that once was the United States?
With 80 percent of the communications network of this country shut down, for all intents and purposes, regarding reports on anything that is not popular with that usurper, you might say that they are in his back pocket. And for him, the usurper that is, if and when he reaches his goal of making America a pawn of the corrupt and dangerous United Nations he won’t have to declare the names of the totalitarian state run news and broadcast services as they will already be in place.
ABC, CBS, CNN, NBC, MSNBC are all completely in the bag for the socialist/communist, liberal Democrats, as directed by their Commissar of Finance, George Soros. B. Hussein Obama will be the Grand Ruler of all World te
I found this over at The Golden Truth but he had a lousy title so I didn't think many would read it since most are aware now that there are plans in the works so I retitled it to bring it to your attention since the article resonated with me what do you think?
First Amendment Killer?
My view on this is that the Government is getting more concerned about the growing unrest with the Government's failure to reign in the growing corruption in our banking and political systems and is looking for ways to limit the dissemination of information to the public by cutting off Internet access. Given the low probability of terrorism from sources external to the country, I would suspect that this means that the Government is increasingly concerned about how the public would respond to another massive banking crisis. Please note that the Patriot Act enables to the President to regard banking and financial market disruptions as "security threats."
Caution...
Feinberg’s first task is to review proposed compensation plans from the seven U.S. banks still taking part in the Troubled Asset Relief Program (TARP). The banks have to submit plans for their top 25 highest paid employees. Some of the institutions submitting proposals are American International Group (NYSE: AIG), Citigroup (NYSE: C) and Bank of America (NYSE: BAC).
There is also an interesting question of conflict of interest. Three of the firms submitting proposals to him are clients of his law firm. However, in legal filings Feinberg was listed as a court appointed neutral mediator and did not represent the firms in any way.
Fienberg does his own personal banking with Bank of America, Wells Fargo’s Wachovia and UBS. He also serves on the boards of the John F. Kennedy Library Foundation and Human Rights First.
Life is Sweet for obamas pals...
Take Warren Buffet who talks out of both sides of his mouth!
Or his Move On buddy Soros!
How about HIS buds over at Government Sachs?
Or his big donors at General Electric
Funny? Video (The Daily Show)
Good News/Bad News - America's Recession
I guess it is if you are one of those Laughing all the way to the Bank!
A piece of legislation which may have slipped under the radar, HB 1388,
named the “Generations Invigorating Volunteerism and Education” bill
(GIVE), has some interesting and alarming inclusions for young people
who accept a student loan. The strings attached to such student loans
would be mandatory service for a minimum of three months in “Obama’s
Youth Brigade”.
The kind of service required brings to mind a
brown shirted youth brigade, reminiscent of Hitler’s Nazi Germany, and
has yet to face much if any public scrutiny; however, SEC. 1310 SEC
132A, which was removed and previously listed as SEC. 1304. Section
125, basically forbids church attendance in any way shape or form.
While
written in such a way as to prohibit persons from using their position
as volunteers to actively promote a specific religion, which would
violate the current interpretation of separation of church and state;
1310 SEC 132A also acts to prohibit that same volunteer from
par
A tax policy expert says President Obama has reneged on his promise to keep his economic "stimulus" plan transparent and free of earmarks.
The Associated Press reports that Senators Max Baucus (D-Montana) and John Tester (D-Montana) persuaded the Obama administration to award $15 million in federal stimulus money to a Montana checkpoint along the Canadian border that serves only three people a day. A similar checkpoint in North Dakota, which serves about 73 people a day, is also getting $15 million for renovations.
Meanwhile, a border checkpoint in Laredo, Texas -- which serves more than 55,000 travelers and 4,200 trucks a day in an area that is a hotbed of illegal immigration and drug trafficking -- was passed over for stimulus money.
On August 15, 2008, Bloomberg repoted:
Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro SA in the second quarter, making the Brazilian state-controlled oil company his investment fund's largest holding.
On August 19, 2009, the Wall Street Journal reported:
Obama Underwrites Offshore Drilling
You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.
The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras [which is short for Petroleo Brasileiro], to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.
George Soros still has a huge position in Petroleo Brasileiro. According to most-recent filings, Petrole
The United States of America is devolving into medical fascism and Massachusetts is leading the way with the passage of a new bill, the "Pandemic Response Bill" 2028, reportedly just passed by the MA state Senate and now awaiting approval in the House. This bill suspends virtually all Constitutional rights of Massachusetts citizens and forces anyone "suspected" of being infected to submit to interrogations, "decontaminations" and vaccines.
It's also sets fines up to $1,000 per day for anyone who refuses to submit to quarantines, vaccinations, decontamination efforts or to follow any other verbal order by virtually any state-licensed law enforcement or medical personnel. You can read the text yourself here: http://www.mass.gov/legis/bills/sen...
Here's some of the language contained in the bill:
(Violation of 4th Amendment: Illegal search and seizure)
Paul Krugman is trying to have it both ways when it comes to the deficit. On the one hand, he says it isn't a big problem, and that we can afford a lot more spending. On the other hand, he says if there is a problem it's all Bush's fault -- which may be true, but that doesn't change the current reality.
Either way, some are finding his reasoning to be lacking. James Hamilton at Econbrowser points to Political Math, which debunks the claim that the $9 trillion debt is okay because it's on par with where we were post WWII.
...implicit in his observation is the concept that since we did fine after WWII, we'll do fine now. But the years after WWII saw drastic reductions in the inflation-adjusted debt driven by drastic reductions in spending. Mr. Krugman points to no similar possibility in the post-Obama world.... Back in 1945, at the height of the spending that saw our national debt rise so dramatically, entitlement spending and interest on the national debt m
video
We had Howard Davidowitz on TechTicker yesterday. Don't miss this one...
Heesun Wee, TechTicker: When retail expert and all-around economy watcher Howard Davidowitz appeared on Tech Ticker in February declaring the worst was yet to come for the U.S. economy and that Americans' standard of living has changed permanently, our comment boards lit up.
But surely with the latest rally off the March lows, bearish Davidowitz is more bullish, right? Not a chance. Look at your financial history books.
Two of the biggest rallies of more than 40 percent occurred during the Great Depression, says Davidowitz of Davidowitz & Associates,a retail consulting and investment banking firm. "People were sucked in and ultimately were destroyed," he says. It's a warning to today's investors, who are hoping to extend the rally.
More than two dozen firms that have surfaced in a broad corruption investigation of public pension funds gave at least $1.97 million in campaign contributions to officials with potential influence over the funds' investments, a USA TODAY analysis shows.
The givers included private-equity giants such as the Blackstone Group, the Carlyle Group and the Quadrangle Group, the firm founded by Steven Rattner, who in July resigned as the White House point man for the auto industry rescue. The contributions are legal, and the firms haven't been accused of wrongdoing related to the giving.
Conflicts of interest
Even in cases with no charges of illegality, watchdogs argue that the campaign contributions — known as pay-to-play — create conflicts of interest.
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