Tag Archives: Political

Gangster Government-The Strong Man Using Strong Arm

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Gangster government on the prowl?

Michelle Malkin writes of the abusive treatment the hedge fund industry is receiving at the strong arm tactics of  Barack Obama. “He keeps taking their money. They keep getting publicly tongue-lashed.”

This week, AQR Capital Management LLC hedge fund manager Cliff Asness — at considerable risk to himself and his business — issued a striking manifesto responding to the president’s self-serving demagoguery and flagrant disregard for the rule of law. You can find Cliff’s essay and his other invaluable work at Stumbling on Truth.

Asness writes in this manifesto:

Let’s be clear, it is the job and obligation of all investment managers, including hedge fund managers, to get their clients the most return they can.  They are allowed to be charitable with their own money, and many are spectacularly so, but if they give away their clients’ money to share in the “sacrifice”, they are stealing.  Clients of hedge funds include, among others, pension funds of all kinds of workers, unionized and not.  The managers have a fiduciary obligation to look after their clients’ money as best they can, not to support the President, nor to oppose him, nor otherwise advance their personal political views.  That’s how the system works.  If you hired an investment professional and he could preserve more of your money in a financial disaster, but instead he decided to spend it on the UAW so you could “share in the sacrifice”, you would not be happy.

….. This is America.  We have a free enterprise system that has worked spectacularly for us for two hundred plus years.  When it fails it fixes itself.  Most importantly, it is not an owned lackey of the oval office to be scolded for disobedience by the President.

I am ready for my “personalized” tax rate now.

Michelle further writes:

Asness minced no words: “The President’s attempted diktat takes money from bondholders and gives it to a labor union that delivers money and votes for him…Shaking down lenders for the benefit of political donors is recycled corruption and abuse of power.”

Business as usual in the Era of Hope and Change. Perhaps demonized entrepreneurs will finally learn that when the dog you feed bites your hand, you don’t roll up your sleeve and give him your arm. You get a new dog.

Is the power grab over?  I hardly think so, nor does Examiner Editorial (Washington Examiner.) writing of another in your pocket action of the President giving UAW something they never earned nor could earn for themselves, effectively ownership of Chrysler:

True, the union doesn’t get an explicit controlling majority of the board of directors, but who needs that when you’ve got the White House guaranteeing your work and the U.S. Treasury Department making sure you never have to worry about the bottom line. UAW President Ron Gettelfinger’s place in Big Labor’s Hall of Fame is now secure. He found a sugar daddy with an endless supply of cash. So UAW members and retirees can keep right on drawing those pay and benefits so excessively generous they made it impossible for the old Chrysler to compete with Toyota and Honda.

Hans Bader of OpenMarket.org writes:

Obama effectively gave ownership of Chrysler to the United Auto Workers Union (which spent millions electing Obama), rather than taxpayers (who have spent billions to bail out Chrysler) or the institutions that lent money to Chrysler based on the legal right and expectation that they would receive its assets before the UAW union would. Veteran political commentator Michael Barone also calls it “gangster government.” The UAW will also retain “lucrative” pension and health benefits, courtesy of the taxpayer.

Just the Facts on “Green” Tax

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Michelle Malkin leads with the facts as always, and an invitation to tea party activists, “Here’s your opportunity to reach across the aisle.”  Seems Henry Waxman shortcircuited debate to “ram eco-taxes through Congress.” The NRCC sent out a fact sheet pointing out the woes of the radical tax plan.  Dems in energy states fear the down-down-down side of this plan.

Michelle’s summary of the facts (H/T):

After stalling actions in Congress in the face of political pressure on the national energy tax, tempers boiled over among party leaders:

“Tensions over the direction of a sweeping climate change bill boiled over in a House Democratic leadership meeting Thursday, as Energy and Commerce Chairman Henry Waxman (Calif.) lashed out at Rep. Chris Van Hollen (Md.) for appearing to publicly downgrade the measure’s chances this year. ‘This is not helpful,’ Waxman told Van Hollen, citing reports that presented the party’s campaign chief as opposing aggressive action on the bill, sources familiar with the meeting said.” (Dennis and Newmyer, “Democrats Clash on Climate Change,” Roll Call, May 4, 2009)

Seeing one of his key campaign proposals on life-support in Congress, Obama drags Energy Committee members to the White House to resuscitate this job-killing proposal:

“Waxman declined to comment when asked if the markup would start this week, saying only that he remains committed to moving the bill by Memorial Day…. But with the climate bill in dire straits at the subcommittee level, Obama decided it was time to weigh in.” (Darren Samuelsohn, ‘We’re working out the issues,’ House Dems say after Obama climate meeting, New York Times, 5/5/09)

“President Barack Obama summoned 36 House Democrats to the White House on Tuesday to urge them to agree on climate and energy legislation that is under increasing criticism from Republicans and members of his own party.” (Dina Cappiello, “White House, House GOP Convene Meetings on Climate,” The Associated Press, 5/5/09)

Still Democrats Aren’t Willing to Support a National Energy Tax:

“But House Democrats have yet to reach a deal on key aspects of the far-reaching package, including credits to affected industries, a timetable for reaching reductions in carbon emissions and the specifics of a new mandate for renewable electricity.” (Dennis and Newmyer, “Energy Reform Limps Ahead,” Roll Call, 5/6/09)

THE POLITICAL IMPLICATIONS OF BAD POLICY:

Facing tough re-elections next year, Dems in manufacturing and energy-producing districts desperately distance themselves from the National Energy Tax:

Rep. Jim Matheson (D-UT): “Matheson has already been taking political shots from both sides on the bill. For example, the National Wildlife Federation ran full-page ads in the Deseret News and Salt Lake Tribune on Tuesday urging voters to call Matheson and ‘tell him it’s time to target climate change.’ The National Republican Congressional Committee on Monday issued a news release attacking him and questioning whether he will “support a national energy tax that could burden thousands and kill jobs.” (Davidson, “Matheson says Democrats moving too fast on climate-change bill,” Deseret News, 5/5/09)

Rep. Charles Melancon (D-LA): “At this point Melancon said he can’t support the draft because it would shut down the state’s energy coast. Melancon’s vote could have a detrimental effect on getting the measure out of committee. ‘I believe this bill would create an undue burden on families who are already paying too much in energy bills and on an industry that provides thousands of Louisianians with good jobs,’ Melancon said.” (Gerard Shields, “La. Democrats Key Figures In Federal Emissions Debate,” Baton Rouge Advocate, 5/2/09)

Rep. Jason Altmire (D-PA): “‘What I’ve seen so far is nowhere near where it needs to be for me to support it,’ Rep. Jason Altmire (D-Pa.) told POLITICO. ‘Any way you do it, it hurts Pennsylvania, especially western Pennsylvania.’ ‘I think cap and trade is bad policy,’ said Altmire.” (Alex Isenstadt, “Cap And Trade Hits Speed Bumps,” Politico, 4/27/09)

Rep. John Boccieri (D-OH): “‘My understanding from what I’ve heard is it’s going to cause a big increase in our utility bills.’ Boccieri said the White House has been lobbying him heavily, but, ‘in its present form, cap and trade would be devastating to Ohio.’” (Robert Wang, “Boccieri Holds Telephone Town Hall Meeting,” Canton Repository, 3/25/09)

Rep. Baron Hill (D-IN): “Among coal-district Democrats like Hill, whose southeastern Indiana seat tilts conservative, reservations about a climate change bill are equally apparent. ‘I just can’t support it with the way it’s being proposed,’ said Hill, noting that 96 percent of Indiana is dependent on coal. ‘The bill in its current form is going to increase the rates for the people I represent.’” (Alex Isenstadt, “Cap And Trade Hits Speed Bumps,” Politico, 4/27/09)

Rep. Mike Ross (D-AR): “Rep. Mike Ross, Arkansas Democrat and one of the moderate members whom party leaders will have to persuade in order to secure passage, said he was concerned about the price consumers would have to pay if utilities passed along the cost of buying carbon permits to customers. ‘If you don’t like $4-a-gallon gasoline, you’re really not going to like your electric bill sometime between now and 2030,’ he said.” (Tom LoBianco, “House Lawmakers Take Stands In Hearings On Climate Change,” The Washington Times, 4/22/09)

Bully-pulpiteer – President Obama Again

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Now we can see the influence of bully-pulpiteer extraordinaire, Rev. Wright, come to full bloom in his protege. Those twenty years weren’t wasted on President Obama. While allegedly abusing power with Mafia finesse, President Obama denies the coercion.  President Obama is charged with forcing compliance and threatening his (our) country men with the full weight of the White House Press Core if they do not kow tow.

Michelle Malkin reports

Over the weekend, news broke about the Obama administration’s reported threatsunion-friendly Chrysler bankruptcy plan. against an investment firm that opposed its

Tom Lauria represents a few of the non-TARP Chrysler creditors. He reported the threats on WJR radio host Frank Beckmann’s radio show in Detroit:

This isn’t the shiny new transparent politics we were promised by campaigning Obama.  If it is true, it’s the go-for-the-jugular politics of the Chicago machine; down and dirty as it can be.  But Malkin is right: “The only surprise is that anyone is surprised. The coercion cow has been out of the barn for a while now.”

Eyes and ears anyone? Abrogating contractual right appears to be coming easy to Obama.

Short Cuts That Undermine Who We Are

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“Short cuts that undermine who we are.” Those are words President Obama used at least twice on the 100th day of his Presidency.  Obama was speaking of techniques and procedures considered too torturous for enemy combatants. His objection to these procedures, that he considered them corrosive to our country’s character.

It just so happens that ‘torture’ is a good word to use when describing abortion, also mentioned on your 100th day. For those who haven’t seen an abortion or read of the procedures, the fetus is violated, at whatever stage, whatever age, with or without pain.When ones life is stolen that is a violation.  The other victim seldom mentioned in an abortion is the mother/woman, who has been treated as a womb to be emptied.  She bears the scars for life while the national discourse is silent or simply frowns on admitting and speaking of this violation to the women and to our “national character”.  “Short cuts that undermine who we are” Can’t you see Mr. President your own duplicity in these words also spoken on your 100th day:

The reason I’m pro-choice is because I don’t think women take that ? that position casually. I think that they struggle with these decisions each and every day. And I think they are in a better position to make these decisions ultimately than members of Congress or a president of the United States, in consultation with their families, with their doctors, with their clergy.

So ? so that has been my consistent position. The other thing that I said consistently during the campaign is I would like to reduce the number of unwanted pregnancies that result in women feeling compelled to get an abortion, or at least considering getting an abortion, particularly if we can reduce the number of teen pregnancies, which has started to spike up again.

‘Short cuts’ whether arrived at by national legislation, medical intervention, consultation with their families, with their doctors, with their clergy are short cuts that still fall far short of moral rectitude and our national and human dignity.

Some will never see their duplicity.  The Anchoress points to the Abortion is a blessing types with this and this.

Unarguably Founded On Christian Principles

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I needed solid footing and balance after the bombardment of an aberrant President and press. Stephen Prothero writing for USA Today says:

Now comes President Obama, who in January in his inaugural address spoke of this country as “a nation of Christians and Muslims, Jews and Hindus — and non-believers.” On April 6 in Turkey, Obama added that the United States “does not consider itself a Christian nation or a Jewish nation or a Muslim nation” but “a nation of citizens who are bound by ideals and a set of values.

It was just such that drove me in search of visual confirmation in Washington D.C.  Now home from our Nation’s capital, I feel again on the cutting edge of a clandestine warfare coming of age and to light.  Washington D.C. did indeed confirm that the United States of America was unarguably founded as a Nation established on Christian principals as document after document, monument of monument, Statesmen and heroes alike, testify to, in stone, and marble,valor and blood, recorded there for posterity, dramatically and historically.  Homecoming, however, is returning to the fray.  It is waking up each day to being unceremoniously attacked by the daily news of the madness that is Obama.

However, it not just Obama, that drives me to distraction, it’s the incessant kowtowing menagerie of his Orwellian Animal Farm. George Orwell, to his chagrin, aside from being proved right, can now see his book lived out in the American experiment.  Eric Blair’s (George Orwell’s) satire is on parade for all to see and most of the animals are oblivious to the part they are playing in the threatening demise of our Nation as a Republic” of the People, by the People and for the People.

Americans are not perfect people.  We are like all people, flawed; and, as foreseen by the Founding Fathers, we need our checks and balances to curtail our greed and self- centeredness, to keep an eye open and watch our backs as a People.  Our checks and balances are gone. Our press is the servant of the President, our Congress is the servant of our President and our people seem content to worship at his feet.  So much for balance.

Our weaknesses as individual’s who are capable of resenting one group or another within the American system are being used against us.  We are being set against imagined “masters” despite the fact that our nation is the free-est on earth. All the “animals” set free by Obama’s Hope Machine, with childish idealistic and idyllic dreams can now High Five one another in the name of justice and progress, oblivious to the new chains being forged for their piggy hands and feet.  Yes, power-hungry pigs, like Orwell’s, Napoleon, are on the prowl ready to become their new totalitarian dictators. The little happy piggies will some learn on their Animal Farm that “All Animals Are Equal  But Some Are More Equal Than Others.” Oppression, call it what you will, even “the Audacity of Hope” is no less oppression. Martin Luther Jr.’s “I have a dream.” is being replaced by Obama’s dream which it best described as, “I have a nightmare.”

Crunching the Numbers-Iraqi Lives Saved

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The Gateway Pundit has an interesting take on American success in Iraq, lived out in lives saved.  He writes in:

Bush Saved Hundreds of Thousands of Iraqis From Saddam’s Reign & Clinton’s Embargo

So how do Bush’s numbers compare to the slaughter during Saddam Hussein’s reign or the deadly embargo kept in place during the Clinton years?
Scott Thong crunched the numbers:

Saddam Hussein’s reign: From the 285 months of Saddam Hussein’s reign from 16 July 1979 to 9 April 2003, using just six of the war crime events listed by U.S. War Crimes Ambassador David J. Scheffer, a total of 865,000 Iraqis civilians died as the result of Saddam’s ethnic cleansing, political oppression and ‘arrests’. That is a rate of 3035.088 deaths per month… 1.75 times greater than Bush’s death rate. This figure does not count the deaths of non-Iraqis, nor the casualties suffered during the wars against Iran and Kuwait, nor the countless other documented human rights abuses Saddam committed.

Bill Clinton era embargo: From the 108 months of 6 August 1990 to 6 August 1999, using the United Nations estimate, a total of 1 million Iraqi civilians died as result of the sanctions. Of these, as many as 567,000 of the casualties were children. That is a rate of 9259.259 deaths per month… 5.337 times greater than Bush’s death rate. Justify that, anti-war liberal Democrats. (Clinton actually only gained the Presidency on 20 January 1993, but the sanctions also lasted past the date of the UN estimate – to 22 May 2003, while Clinton stepped down on 20 January 2001.)

Back in 1996 Secretary of State Madeleine Albright said that Clinton’s policy that may have resulted in 500,000 dead Iraqi children was worth it.
In a much forgotten exchange between Lesley Stahl and Madeleine Albright on “60 Minutes” back on May 12, 1996: