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The Obama Watch
Obama Cripples Ford’s Funding, Then Subsidizes It
Ronald Reagan had Obama figured out years ago.
At the 1986 White House Conference on Small Business, President Ronald Reagan offered these famous remarks about politicians’ views on business in the 1970s. Reagan said, “Back then, government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
Amazingly, in that speech nearly 25 years ago, Reagan also summed up perfectly the Obama administration’s view of the economy in the present. On Thursday, President Obama announced that the government is providing a loan guarantee of $250 million to Ford Motor Co. from the Export-Import Bank. In making the announcement, at a Ford assembly plant in Chicago, Obama also defended billions of dollars in TARP bailouts to Ford rivals, General Motors and Chrysler, that he continued from the Bush administration.
Not mentioned by Obama, and not picked up in media coverage of the new $250 million loan, is a new regulatory measure signed into law by Obama just three weeks ago, which nearly stopped a $1 billion bond offering by Ford
Just days after Obama signed the Dodd-Frank so-called financial reform bill (here is my general overview for TAS of the Dodd-Frank monstrosity), Ford found that it couldn’t issue a bond to allow it to finance more credit for its customers. The reason, as reported by AOL Daily Finance, is that Dodd-Frank “fixed” the problem of poorly researched credit ratings by designating the three big rating agencies as “experts” subject to the same liability as professionals such as auditors. Since the Securities and Exchange Commission requires that bond offerings have a credit rating, Ford’s venture became a no-go.
The SEC fixed this problem temporarily by allowing Ford and other companies to issue bonds without rating for six months. But after that, according to experts quoted in the article, the trouble will resume unless there is a permanent fix to Dodd-Frank’s “fixing” of the credit rating system.
It is not known if Ford’s decision to take this government money — after honorably refusing a TARP bailout when it was offered two years ago — is related to expected regulatory troubles in the bond market.
But what is predictable is that the more frustrating the obstacles the government puts in front of businesses, the more some firms will come crawling to the government for bailouts — and the more that firms will kowtow to the prevailing government’s agenda and be politically connected, should they ever need this lifeline.
The Dodd-Frank provisions were only the latest of government regulations that have needlessly damaged the American auto industry. In December 2008, around the time GM and Chrysler received the first of the bailouts, the Competitive Enterprise Institute’s Iain Murray wrote a six-point plan for relief from regulations holding the auto industry back, including Corporate Average Fuel Economy (CAFE) standards and anti-trust rules that prevent beneficial mergers and joint ventures among the auto companies.
As for the credit rating agencies, one good solution would be to make the SEC’s waiver allowing companies to issue bonds without a credit rating permanent. That would give more flexibility to companies seeking credit and large investors seeking a return, as well as send a message that investors must do the due diligence they failed to perform on mortgage securities, and not use credit ratings as a crutch.
As I wrote in an overview of the mortgage bubble in Stock, Futures and Options magazine, “rather than existing as one of many tools to evaluate the creditworthiness of a security, credit ratings today — because they are embedded in regulatory capital requirements — serve as a barrier to independent financial judgment.”
But don’t expect this administration or this Congress to make this liberalizing legislative fix or any other ones that would reduce the government’s role in the economy. The tax-it, regulate-it, then-subsidize-it system that Reagan described pays too many political dividends for them.
John Berlau is director of the Center for Investors and Entrepreneurs at the Competitive Enterprise Institute. Andrew Kwiatkowski is a research associate at CEI
About the Author
John Berlau is Senior Fellow for Finance and Access to Capital at the Competitive Enterprise Institute and blogs at OpenMarket.org.
Letter to the Editor View all comments (60) | Leave a comment
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Shamus| 8.6.10 @ 6:56AM
Obama is at war with business. The economy will continue to suffer until he's stopped.
Clinton nee Publius | 8.6.10 @ 4:01PM
I have already reported you to whitehouse.gov and swallowintherecoverybs.gov. Step away from the website and surrender peacefully and we will shorten your term in the re-education camp.
You'll be extolling the virtues of socialism (whatever those might be) in no time at all. Hands up COMRADE!
Alan Brooks| 8.6.10 @ 8:09PM
Reagan Reagan Reagan.
Don't you want to praise Nixon, Ford, the Bushes?
Why not Equal Time for them?
You're not ashamed of them, are you?
Daniel| 8.7.10 @ 1:09PM
Ashamed is not the word. Disappointed would sum it up though.
As soon as conservatives realize what an incredible leader President Reagan was, the sooner we can take back our government from the socialists trying to ruin it.
Maddox| 8.6.10 @ 8:28AM
All part of the agenda to establish Obama's "Evil Empire."
Alan Brooks| 8.6.10 @ 8:48PM
Reagan Reagan Reagan Reagan Reagan Reagan
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Reagan Reagan Reagan Reagan Reagan Reagan
Reagan Reagan Reagan Reagan Reagan Reagan
Reagan Reagan Reagan Reagan Reagan Reagan
Reagan Reagan Reagan Reagan Reagan Reagan
Reagan Reagan Reagan Reagan Reagan Reagan
Reagan Reagan Reagan Reagan Reagan Reagan
Reagan Reagan Reagan Reagan Reagan Reagan
Reagan Reagan Reagan Reagan Reagan Reagan
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Reagan Reagan Reagan Reagan Reagan Reagan
Reagan Reagan Reagan Reagan Reagan Reagan
Reagan Reagan Reagan Reagan Reagan Reagan
Reagan Reagan Reagan Reagan Reagan Reagan
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Reagan Reagan Reagan Reagan Reagan Reagan
Reagan Reagan Reagan Reagan Reagan Reagan.
Aindyin| 8.7.10 @ 2:05AM
Just shutup and go away
Alan Brooks| 8.7.10 @ 1:36PM
Aindyin (you mean, aint dying? that's a clever handle),
Has been 21 years since he left office, six years since he died; admire him, yes--
however please don't worship Reagan as if he were Jesus Himself, such is tantamount to political necrophilia.
Chalkdust| 8.7.10 @ 2:04PM
"Political Necrophilia"?? Now stop it..you're killing me. This business of carving presidential faces in mountains, casting it on coins is just shameless. Better we just surrender to our betters, bend over and do a Barney Frank or vice versa.
Jacobite| 8.7.10 @ 3:30PM
Hey, look out. Now that they've got the living perverts legalized, necrophilia may be the next human rights crisis in the USA. Or will it be bestiality? Incest? Polygamy? Polyandry? All such irrational discrimination. Wait for it!
Alan Brooks| 8.7.10 @ 6:53PM
Okay, I apologize for getting way offtopic-- the lead piece is on prop 8; this is about auto companies:
which I,
a) know nothing about because I
b) want to know nothing about because
c) if the govt is "bailing out" (subsidizing) auto companies why would I want to be mired down in the minutiae of it unless I worked for GM, Chrysler, and now Ford? unless...
d) I worked for an auto company, or planned to in the future.
But if Bush signed on to TARP, isn't it 'reasonable' to surmise Reagan might have been convinced by regulatory turmoil to do the same if he were in the place of Bush or Obama? Since I'm not interested in car companies or the SEC I only skimmed Mr. Kwiatkowski's piece; so perhaps he addressed this question at some point. Ford has been convinced to take the bailout (subsidy), so why couldn't Reagan.
Larry In Iowa| 8.8.10 @ 3:02PM
Praise for other Republicans? Sure. Both of the Bushes seem to be decent, honest, honorable men. Both of them married good strong women and treat them with honor and respect. Both of them served the country in uniform, one of them in combat. Both of them believe that America is the worlds best country. Both of them understand that private enterprise, individual responsibility and freedom are what has made this country great.
Neither is drawn to publicity like a moth to a flame like Clinton and Obama. Neither spent their entire presidency piling lies upon scandals upon duplicity like Clinton and Obama.
GHW Bush made the mistake of going back on his no new taxes pledge at the urging of Democrats who then used it to call him a liar and elect a habitual liar. This proved two things. Never trust a Democrat to not screw you if you do what he asks, and that the words Democrat and hypocrite are synonymous.
GW Bush said and believed the very same things every elected Democrat said and believed about WMD's and Saddam Hussein. When those WMD's were not immediately forthcoming at the end of the initial fighting we saw again the proof of the very same things his father proved. His biggest mistakes were to allow the Democrats to brazenly lie about him and to go along with the bailout.
I think both Bushes are good decent men. Their mistake was in being swayed by people who are not.
That is where Reagan stood out. He refused to be swayed by people who do not believe in America and the ideals that make it great.
Howard| 8.9.10 @ 7:36AM
Our liberal friends worshiped FDR for a half century after his death. Why didn't they mention Truman, Stevenson, and Humphrey?
FDR FDR FDR FDR FDR
I agree with Alan about the fetish about prior great leaders. But it isn't only a GOP fetish.
Eric Cartman| 8.8.10 @ 9:26AM
Can I get that on a shirt? XL please.
Louis Jenkins| 8.6.10 @ 8:44AM
"On Thursday, President Obama announced that the government is providing a loan guarantee of $250 million to Ford Motor Co."
So the Pretender n Chief is going to get his nits into Ford, come hook or crook. Ford has brazenly denied that they've taken money from the government, but now at last, the screw is turned. What a genius! Reagan's words ring true. Last week I was stopped at a traffic light and noticed that the entire on-coming lane was made up of foreign iron. Makes on wonder if we'll even have domestic car manufactors in the coming years.
txn4ever| 8.6.10 @ 11:25AM
We'll have plenty of auto manufacturing but it will be Toyota, Nissan, and others with non-union plants in the U. S.
The UAW is being used by liberals to bleed US automakers to death while simultaneously killing the UAW by allowing foreign automakers to use non-union shops.
Az| 8.6.10 @ 12:29PM
Unions are a cancer.
Joe| 8.6.10 @ 9:43AM
To me, what is happening in our country, every single day, is becoming more and more alarming. The people in power are changing everything they can without regard to constitutionality or the desires of the citizens. I tremble when I think where this can lead.
Clinton nee Publius | 8.6.10 @ 9:46AM
Remember: all government regulatory oversight is a corruption of the outcomes of the private-sector economy in favor of one group of market participants over the others. By this process, the promoters of the scheme profit (and in the case of the modern system) allow government regulators to also profit from the resulting market bias.
A better system would be one that provides complete reporting transparency because fraud can only occur in the vacuum of ignorance, so systems that provide the financial results of operations on a real-time basis would end the issue of investment fraud altogether as fraud cannot occur when all information about the issue is known and this can only occur within the market structure known as Capitalism Version 2.0 that is part of Lovellian economics.
Gill O’Teen ✝✡$| 8.6.10 @ 9:48AM
In the meantime, nanny botoxic called an emergency session of kon-grrrs to approve a 26 gigabuck bailout of public sector union pensions in spite of having in excess of 400 gigabucks stashed away in some sort of obummer slush fund, much of which will no doubt wind up in the accounts of whatever acorn is calling itself nowadays between now and December, gotta pay for those miraculous come-from-behind recounts, ya know. Yet, if I heard the Memphis streaming audio news correctly just now even though more jobs have vanished, the unemployment rate remains unchanged. I will freely admit my ears aren’t quite super hero quality, and maybe I misheard, but ...?
As those of you who have previously suffered through my rantings are aware, I’m a fan of the National Debt Clock [http://www.usdebtclock.org]. According to its numbers for the period June 30 - July 31, the work force count declined by 873,245, the population increased by 236,758, there were 3,444 new federal employees, and 236,971 were added to the food stamp program. Our Employment Rate (workers divided by population) was 45.017% and dropped to 44.701%. Since, (through last evening) 30,274 more jobs went bye-bye, 347 new feds were hired, there are 23,855 new Americans, a whopping 13 less than 20 K more are receiving food assistance, and OUR Employment Rate is 44.674%. However all is not doom and gloom, even though the Debt:GDP Ratio has climbed to just a bit more than 91.84%, it should not reach parity until the middle of next May and even though 13.362% of us are getting gum’mint issued gift cards for the groceries that’s less than a fifth of us.
I could use a fifth about now. Mister Em Dee says to take the pain killers instead.
Gill O’Teen ✝✡$
Don’t Tread on Me.
gill.Oteen07041776@gmail.com
“It would be easier to pay off the national debt overnight than to neutralize the long-range effects of our national stupidity.” - Frank Zappa
Only 898 days to go
John Navratil| 8.6.10 @ 11:12AM
This cannot be stopped without taking the House. The "wobblies" will wobble in the right direction when the wind starts blowing.
CantGetRight| 8.6.10 @ 12:04PM
And the republicans answer to everything is tax breaks for corporations that are already hoarding cash and not hiring with Bush tax breaks in place and would steal from their mother if given the chance. What don't republican voters understand about some people just can't e trusted. Like Rand Paul down in Kentucky thinks the mining industry can regulate itself, even with regulations they have huge mistakes that cost people their lives.
Anyone with a 401k is thanking Obama and the democrats for saving their retirements while republicans sat on the bench crying about a debt they created.
Gill O’Teen ✝✡$| 8.6.10 @ 12:16PM
Surprisingly, I agree with you that “some people just can't e (sic) trusted.” I would just rather trust folks who actually create wealth than those who only misappropriate it. You might be thanking obummer and the dumb-ocrats for saving your retirement, but bear in mind that every penny you received courtesy of them was stolen from someone else. That makes you an accessory.
Gill O’Teen ✝✡$
Don’t Tread on Me.
gill.Oteen07041776@gmail.com
“Thou shalt not steal.” - God
Only 898 days to go.
Clinton nee Publius | 8.6.10 @ 3:58PM
Your supposition is incorrect. The only solution is complete transparency. Fraud and failure can only occur in the absence of transparency. Government regulation is, by definition, a corruption of the market for the benefit of one group of stakeholders over another group of stakeholders. The only industries that truly thrive are those that are self-sustaining and self-regulating in nature and that is how sustainable economic policy is contrived and not by government constantly picking who the winners and losers will be.
NANCY IN NC| 8.6.10 @ 4:38PM
What can't be trusted is government.
If we had the present government with all their regulations, Henry Ford would never have built the first Ford. We would still be in a buckboard wagon pulled by two mules.
Ten Megaton| 8.8.10 @ 5:14PM
Perfect name cause you can't get it right.
NavyBrat | 8.6.10 @ 12:09PM
THIS is the reason why I buy Honda. This, & the fact that American cars SUCK these days.
Reinhard| 8.6.10 @ 12:43PM
These days? The last dependable american car had a slant six in it. The last american car we owned was a Ford van, because my wife decided that her next car should be made in the USA. In five years and less that 60K miles that nightmare needed:
- four sets of tires because the miracle of twin I-beam suspension ruins the inside of the front tires very quickly
- muffler, year two!
- radiator
- transmission
- engine - after lot's of expensive repair attempts
Never bought the engine, just donated the piece of trash to charity.
It was replaced by a Honda CRV which will hit 100K miles this year and has NEVER needed repair beyond standard maintenance items.
As my family grew up, the CRV was joined by an Acura RSX (now 50K mi), and when the CRV went to my younger daughter, my wife chose a Nissan Pathfinder (now 42K mi). Cost of repairs for the other two cars? ZERO, and the Pathfinder was made in Tennessee by americans.
GW| 8.6.10 @ 5:12PM
I own an 02 Chevy Impala and the thing runs fine. Cars today (American or not) are much better than there counterparts 20/10/even 5 years ago. This is just how technology works.
Unfortunately, with Bushobama's new CAFE standards, cars are having to be built lighter (with less protective equipment) to meet rediculous fuel milage marks and are more dangerous. But until recently, technology had won out against government intervention.
Steve Charlop| 8.6.10 @ 12:20PM
The government is good for only one thing. It knows how to break your legs, toss you a set of crutches, and then tell you that, if it weren't for them, you'd have no livelihood.
Pete| 8.6.10 @ 12:25PM
Wow, that seals it. I was considering Ford and Toyota for my next truck, but now Toyota is it.
JBKY| 8.6.10 @ 3:30PM
+1
Allen in Texas| 8.6.10 @ 1:38PM
If Obama waged war in Afghanistan like he does against private companies his idiotic July 2011 pull out date would be no problem. The Democrats answer to everything is taxpayer dollars going to their pet corporations and the labor unions.
Clinton nee Publius| 8.6.10 @ 3:59PM
That is patently false. If Obama waged war in Afghanistan like he has against business in America the entire Middle East would be Christian and Osama bin Hiding would be swinging from a pole in the village square.
jstwndring| 8.6.10 @ 3:44PM
ALL DemocRats, not just Obama, are at war with the freedom and liberty that the free market and private property rights allow. They are powerless against individuals who are allowed to make their own choices. So, what to do if you are an aspiring Marxist? Easy! Make laws violating our Constitutional freedoms and hope to, well, to St. Marx, that no-one notices! Three months to go, three looooooong months to go......... ;)
Oh, and for any idiot Republican "Reps" out there reading this: REPEAL ANYTHING and EVERYTHING this tyrant and his congressional cronies have done since his swearing in! Actually, don't stop there! Go back at least 30 to 40 years repealing all the left-wing nonsense we've been subjected to by these assholes for so long. GET OUT GOVT. OF OUR FACE!!!
Gill O’Teen ✝✡$| 8.6.10 @ 8:13PM
Before the Civil War there was a political movement remembered affectionately as the “Know Nothing” party. It (according to Wikipedia) originated in New York in 1843 as the American Republican Party. It spread to other states as the Native American Party and became a national party in 1845. In 1855 it renamed itself the American Party. But its entirely Protestant membership fragmented over the issue of slavery. Most ended up joining the Republican Party by the time of the 1860 presidential election. The origin of the "Know Nothing" term was in the semi-secret organization of the party. When a member was asked about its activities, he was supposed to reply, “I know nothing.” Not necessarily agreeing with their platform since I don’t know much about it, nonetheless, I like the name. The leftie loons are fond of calling Republicans the Party of No. In today’s America “No” is a perfectly valid position to take against the kommie agenda threatening to sweep away over 500 years of American exceptionalism. Missouri just said a strong NO to obummercare. Nothing wrong with that. One of my favorite episodes of the old tee vee show M*A*S*H was about a a shell-shocked captain named Chandler who is brought in claiming to be Jesus Christ. While the M*A*S*H medical staff is trying to help him out psychiatrist Sidney Freedman examines him. Freedman asks Captain Chandler as Jesus, “Tell me, is it true that God answers all prayers?” Chandler/Christ replies, “Yes. Sometimes the answer's no.” Nancy Reagan reminded us to, “Just say NO” to drugs. This is excellent advice to our teenagers heading out for an unchaperoned coed evening, or to a 5 year old spoiled brat screaming for a second Happy Meal in the food court. And who could object to a woman saying no to a rapist? I would vote for any candidate who simply campaigned to vote NO on every item of obummer’s agenda. Every item - without exception. Just say NO to it all. So I propose we form a new party named either the ‘NO it all’ or ‘No to all’ Party. When the brakes on a car fail, the most important thing is to bring it to a safe stop. Our gum’mint is clearly out of control and must be safely stopped. Let’s correct that problem first. Become a No to All.
Gill O’Teen ✝✡$
Don’t Tread on Me.
gill.Oteen07041776@gmail.com
“Learn to say ‘no.’ It will be of more use to you than to be able to read Latin.” - Charles H. Spurgeon
Only 898 days to go.
mmille| 8.6.10 @ 3:48PM
Ford please do not fall into this trap. Go to your shareholders, we will help.
Redstateboy| 8.6.10 @ 4:53PM
this is tongue in cheek... I guess.. but if (IF) Washington, DC. got nuked or something... would the Nation at large be better off?
GW| 8.6.10 @ 5:13PM
I'd keep my tongue deeper in my cheek if I were you.
gene hauber| 8.6.10 @ 5:04PM
this is NOT a president we have in the whitehouse; this guy is a subversive enemy agent and should be dealt with as such.
with pelosi and reid doing the other third of the checks and balance this government uses to prevent power grabs like this it seems to me to be time ofr some drastic action.
we either impeach him, which seems would never happen with the "checks and balance" in his pocket.
i know we can't kill the president, but could we, at least, try?
RCV| 8.7.10 @ 2:28AM
You're a sick, disturbed individual, and I hope they track you down before you do some real damage.
Gill O’Teen ✝✡$| 8.7.10 @ 9:27AM
Mr. Hauber, I feel your pain, but please recall the old adage to be careful what you wish for; you might get it. Consider all those gullible folks who simply hoped for change and instead are learning the hard way on line at the Unemployment Office, the Division of Family Services or the Food Pantry that if wishes were horses beggars would ride, but wishes ain’t horses and won’t feed the kids. Consider what happened if there was an attempt on the liar-in-chief’s life. If unsuccessful it would be the crisis he is looking for to justify his issuing an executive order declaring martial law. He is the commander-in-chief of the military. If it were successful, joke bite-me would be the commander-in-chief of a military dictatorship. Do you think for even one moment that bite-me was chosen for vee-pee because of his brilliance and love of Country? No he was selected, just as was obummer, because they are yappy dogs who will gladly heel to their master’s command. Name one accomplishment, other than reading a teleprompter, that qualified obummer to become OUR president prior to November 2008. He was a mediocre Illinois sin-eator who twice voted to allow newborn abortion survivors to die by denying them essential health care despite the fact that from the moment they were born they were citizens of the United States of America. Other than that he mostly voted ‘present’. As a U.S. sin-eator can anybody point to any legislation he actually authored? I can’t. From what I can determine, he either voted a straight progressive ticket, including every budget busting spending bill he currently blames on THE EVIL BUSH, or he didn’t vote. He also accepted huge wads of cash. Before his 2004 National Democratic Convention Speech, hardly anyone knew his name. Yet within 4 short years he was the nominal head of a political machine that brought down that of the klintonistas. How did he do that? His community organization skills are limited to fancy readings and shakedowns. He’s not all that important. Whoever is pulling his strings is. And like all capable puppetmasters he is prepared in the eventuality that something happens to his favorite toy. As I pointed out in my Reply to jstwndring| 8.6.10 @ 3:44PM @ 8:13 ET last night, “Our gum’mint is clearly out of control and must be safely stopped.” Your proposal instead of a tasty can of Chef Boyardee ravioli could turn into a most unappetizing can of worms.
Gill O’Teen ✝✡$
Don’t Tread on Me.
gill.Oteen07041776@gmail.com
“More tears are shed over answered prayers than unanswered ones” - Mother Teresa
Only 897 days to go.
CantGetRight| 8.7.10 @ 10:38AM
Why are you still crying about an election that took place almost two years ago? Obama won because everything fell into place at the right time not to mention the republicans put up a horrible candidate that changes hos opinion with the wind. Your party is leaderless and hasn't a clue unless you call Sarah Palin a leader, do you?
You deny that Obama is a smart man and that's your first mistake, he doesn't just read from a teleprompter, he's doing what he said he was going to do, it's called a mandate. Will the republicans do the same thing if they get any sort of power? I seriously doubt that because they love spending money more than the democrats just in different areas.
Claypoole| 8.7.10 @ 12:44PM
Mandate? For what, precisely? The only time candidate Obama came close to details on what he wanted to do was when he told Joe the Plumber that he, Obama, would "spread the wealth around." Other than that, he ran as a conservative, his repeated promise being that he would never raise taxes on anyone earning less than $250,000 per year. (That was the first-mentioned amount--it was then reduced throughout the campaign.)
And if Obama is doing what he was mandated by the voters to do, then why has his approval rating dropped 30 points since his inauguration?
Gill O’Teen ✝✡$| 8.7.10 @ 3:17PM
Yet many of obummer’s lemmings are still crying about an election that took place 10 years ago. Your golden calf may be just as smart as you claim he is. To date I have seen no evidence. I have known many school yard bullies promise to clobber the class geek and who kept their word when none of the big kids were around. Just because they kept a cowardly promise did not increase their IQs by one iota. The lord of your flies also took an oath to preserve. protect and defend the United States Constitution. By taking over the auto companies and banks then shutting down all offshore oil drilling he violated this oath. By appointing known enemies of OUR Country such as Van Jones to positions of authority, he violated this oath. By condoning his aw gee’s dropping voter intimidation charges against members of the New Black Panthers after they had been convicted, he violated this oath. His only possible excuse is that he has kept this oath to the best of his ability. If this is the best of his ability, I have personally worked with many mentally challenged young men and women who could do a better job for the simple reason that they believe in OUR Country whereas he only believes in looting it for all he can. And if you were paying attention, which I doubt, you would know that many of us beavisbud bashers are not real fond of the RINO party either. Too many of them are spineless cowards. I can count at least 5 I hope are sent home packing next election, since OUR loss would at worse be a break even since they side with the kommie krowd too frequently. And I do consider Sarah Palin a leader. If I were trapped with her by a plane crash in any wilderness, I could depend on her to get me safely home. If I were similarly trapped with your liar-in-chief, I could only depend on him to attempt to bash me over the head, rob me then cannibalize my raw dead body.
Gill O’Teen ✝✡$
Don’t Tread on Me.
gill.Oteen07041776@gmail.com
“Cannibals don’t eat comedians because they taste funny.” - Author unknown
Only 897 days to go.
bobmontgomery| 8.6.10 @ 6:20PM
If someone could prevail upon Buffet and Gates and the 'billionaires club' to put their money to work, instead of frittering it away on charities, states like mine might not need so many charities.
Gerald Stephens| 8.7.10 @ 2:56PM
FLASH…KAGAN CHALLENGED for PERJURY
Larry Klayman, constitutional scholar, attorney, and author of WHORES: Why and How I Came to Fight the Establishment acted in the matter of Elena Kagan by filing a complaint before the U.S. Supreme Court.
July 28, 2010
Clerk of the Court
U.S. Supreme Court
1 First Street, N.E.
Washington, D.C. 20543
R: COMPLAINT TO DISBAR ELENA KAGAN FROM PRACTICE BEFORE THE U.S. SUPREME COURT AND FOR REFERRAL TO THE U.S. JUSTICE DEPARTMENT FOR CRIMINAL INVESTIGATION AND FOR OBSTRUCTION OF JUSTICE.
The full complaint is found at www FreedomWatchUSA.org If ever there was an apple cart overturned, this is the BIG ONE!
Gill O’Teen ✝✡$| 8.7.10 @ 3:48PM
I copied and pasted the above link “www FreedomWatchUSA.org” to my Run Window and only received an error message, so I googled ‘freedom watch usa’ and was taken to this link: http://www.freedomwatchusa.org/. I guess caps matter in Firefox Mozilla land. On that page I found this direct link to the story:
http://www.declarationalliance.org/kagan.php
As a fan of the really old “Little Rascals/Our Gang” films, I have to hope that this effort is unsuccessful as who among us would not miss the wit and wisdom of this "Spanky" McFarland lookalike? However, I must concede that thanks to the serious grilling she was given by the protectors of OUR Constitution in the sin-ate, it has now become quite apparent that her chubby cheeked grin just might be her only qualification for any job.
Gill O’Teen ✝✡$
Don’t Tread on Me.
gill.Oteen07041776@gmail.com
“And what my constitutional values are are wholly irrelevant to the job, and so neither you nor anyone else will know what they are.” - Elena Kagan (about her job as Solicitor General)
Only 897 days to go.
SPO101 | 8.8.10 @ 3:52AM
TO THE CHILDREN/GRANDCHILDREN OF AVERAGE REPUBLICAN VOTERS - Blame them for ruining your future:
Paul Krugman’s article in the NY times “Addicted to Bush” supported my conclusions about the Conservative right wing… they’re MAD! Loony as a Warner Bros cartoon. Going back to Bush/Cheney policy so soon after the 8 year disaster proves their insanity. Over and over again expecting different results, RIGHT? But you want Democrats/Progressives to believe if only Conservatism had one more chance it can work?
MORE of the waste, fraud, abuse, scandal, sexual deviancy, corruption, lies, incompetence, job outsourcing, off-shore tax evasion, reckless economics, war profiteering, Constitutional violations AND a Corporate Crime Wave of epic proportions…. The WORST looting of a nation’s wealth and resources in the history of MANKIND!
Where was the Tea Party anger THEN?
Tax cuts for the rich stimulating the economy? How about we reward the that top 1% when they actually DO something for the USA? Yea, you get tax breaks after you bring factory jobs back to US soil. The American PEOPLE have spent the last 30 years paying for the top 1%’s tax cuts and what did we get? What ever “trickled down” rich people’s leg wasn’t economic stimulus.
Your Republican parents are suckers and fools!
NOTE: Congress goes after Rep. Charlie Rangel for tax evasion but ignored all the off-shore bank account scandals and federal revenue meddling that occurred during Bush/Cheney? Ohhhh and NOW Maxine Waters too? BS, the Black Caucus is being railroaded by the Tea Party Caucus! The Right Wing will punish Black PEOPLE (even Wesley Snipes) for not paying taxes but when Republicans turn around and WASTE our tax dollars… NO ONE IS HELD ACCOUNTABLE! Why is that?
Our tax dollars and hard work provided the silver spoon aristocrats with the infrastructure needed to make their fortunes and HOW DID THEY REPAY US? They bought off our government officials, lobbied so the game was rigged in their favor… expatriate clauses and insuring venture capital meant to make it easy to move our jobs to the greener pastures of Asian slave/child labor and unregulated toxic waste dumping. (thanks for nothing Tom Delay)
I can’t take it no more. “Borrow and Spend” Republicans have dragged all Americans down with their LOW GRADE THOUGHT PROCESSES, greed and incompetence. Made us into the “United Suckers of America”. THEY MUST BE STOPPED before they completely destroy the USA! See cyberbitchslap2.blogspot.com for more.
Gipper1980| 8.10.10 @ 6:59AM
Amazing how libercrats want to foist the debt on conservatives & libertarians...and yet their selective amnesia prevents them from acknowledging the financially irresponsible mortgage crisis created by their heroes (Dodd, Frank, Reid, Pelosi, Rangel, Dingel, etc., et. al.). It was this nuclear disaster that started what we are now experiencing as the national debt rises into the multiplied trillions.
Democraps & their illogical supporters have the ill-perceived idea that government knows best. If anything history proves that government knows how to bloat, institute overly complex rules & regulations, and to tax to death the very people providing the money.
I wonder - how many Democrap supporters would be willing to surrender their paychecks to Ford, GM, Chrysler...or any other business for that matter? Stop & think! Because that's exactly what you're doing anyway.
Obama is a Socialist. Take the blinders off.