Site for Free Markets and Free People

Sunday, January 31, 2010

IPCC Copied Student's Dissertation on Global Warming Conclusions

The IPCC published its "global warming" report that the mountain snows were melting and based it off of a student's dissertation as well as a magazine article.

The revelation will cause fresh embarrassment for the Intergovernmental Panel on Climate Change (IPCC), which had to issue a humiliating apology earlier this month over inaccurate statements about global warming.

...The revelations, uncovered by The Sunday Telegraph, have raised fresh questions about the quality of the information contained in the report, which was published in 2007.

It comes after officials for the panel were forced earlier this month to retract inaccurate claims in the IPCC's report about the melting of Himalayan glaciers.

But as Dan Rather would argue, it's not whether the facts are correct; it's the importance of the story that's important.

Saturday, January 30, 2010

Pelosi Not Quite Feeling the Taxpayer Pain

Nancy Pelosi is doing her best to destroy any ounce of fiscal responsibility she might have had. She has the military regularly escort her kids and grandkids cross country on board a plane that seats 200 passengers - even when no members of Congress are present.

The airplane costs $18,000 per hour to operate.

Only $200MM to pay for Terrorist Trials

Great news - the U.S. taxpayers only have to foot a $200 million bill to cover security for the KSM and other terrorist trials on U.S. soil this year. Oh, and don't forget that we must also pay for their attorneys and costs of running the courts as well.

Only 21% of Americans Believe Obama Tax Cut Claims

Only 21% of Americans believe that Obama was truthful when he claimed that he has cut taxes for 95% of Americans.

Of course, that claim is so bizarre that even 21% is a shockingly high number.

Friday, January 29, 2010

Bin Laden Joins Democrats in Global Warming Rant

Bin Laden's alleged latest rant was that the U.S. is responsible for global warming and the rest of the world should boycott our goods. Sometimes it's hard to tell that Bin Laden isn't just the typical Congressional Democrat.

Thursday, January 28, 2010

SEC: Disclose Your Effect on Climate Change

Perhaps Obama's SEC didn't get the message that much of the recent 'climate change' science is a fraud, but they are now "encouraging companies" to disclose the effects of climate change on their businesses.

SEC Chairman Mary Schapiro, an Obama administration appointee, said the agency wasn't weighing in on the global-warming debate and wanted to ensure that investors get reliable information.

Reliable information based on pure speculation? How absurd. Should companies assume, as Al Gore suggests, that Florida and New York will be under water and point out how that would effect business? If that's the case, every company but boat manufacturers will need to disclose a new risk in their filings.

Wednesday, January 27, 2010

Obama Criticizes Supreme Court - Where's the Outrage Now?

A few years ago, there were a few controversial cases (Terri Schiavo, for example) whereby Republicans criticized members of the judiciary. The outcry was immediate from the Left, calling them unpatriotic Americans who threatened the safety of judges.

Well, now Obama criticizes the Supreme Court in a television address to the nation and no one says a word...except for the Left, who cheered wildly at the criticism.

My mistake - Justice Alito did appear to say a few words to Obama as he criticized the decision to protect the Constitution's freedom of speech when it comes from an entity other than a labor union or George Soros foundation.

CEOs Seeth Against Obama's Hatred For Them

Bank CEOs were "stunned" by Obama's latest attack against the industry. I have one question for them:

Where the hell have you been over the past 3 years?

Class Warfare Passes Ballot in Oregon

Oregon likes the way California has turned out so much that voters passed a tax increase on businesses as well as families making $250K. Just to add insult to injury, these taxes are retroactive to 2009.

Class warfare - get ready for it in the State of Obama speech.

It's a "Jobs" Bill - Not a "Stimulus" Bill

When Americans despise Democrat policies, Democrats simply re-label them as something new. The latest example is another failed transfer, stimulus,, "jobs bill."

All this despite what the CBO admits is a disaster for U.S. deficits for the next decade - even without Obamacare. Oh, and don't forget those tax cuts expire beginning January 1 of 2011, so enjoy this great economy while you can...

Obama's Bank Reforms: Asinine

Financial services analyst Tom Brown shares his thoughts on Obama's proposed bank "reforms."

On the one hand, the president wants to ensure that another financial crisis never happens again, and wants to tax banks to recoup the costs of TARP. But on the other hand, he wants banks to loosen their lending standards and make more loans. The uncertainty this contradiction has produced (not to mention the verbal jihad the president has inflicted on the banking industry) isn’t going to spur bankers to ease their lending standards. It will have the opposite effect. Taxing banks and trashing bankers will simply result in less lending, not more.

He also reminds us that the banks are now forced to pay the sins of the ludicrous bailouts that have been disasters - AIG, GMAC, Fannie Mae, Freddie Mac,...

Tuesday, January 26, 2010

Obama Vows to Save a Few Pennies

Obama announced a freeze on "some" domestic spending over a 3 year time frame. The savings for 2011 is expected to be $10-$15 billion dollars. Is this guy for real? According to the NY Times, all of Obama's previous spending plans would mean an additional $9 trillion in deficits over the next 10 years.

Obama's plan is similar to an 800lb. man who vows not to gain another pound for the next 3 years.

I guess this is how community organizers get results.

Monday, January 25, 2010

Gallup: Obama Most Polarizing President Ever in First Year

According to Gallup, the first year of the Obama administration has been the most polarizing of any president in U.S. history during his first year in office.

Saturday, January 23, 2010

About Those Himalayan Glaciers Disappearing....

All the IPCC worry about the Himalayan glaciers disappearing by 2035, for which they won a Nobel Prize? Never mind - it was just a simple mistake...

Friday, January 22, 2010

Cramer: Obama's One-Man Bear Market

CBNC's Jim Cramer, a well-known liberal entertainer/investor, says that Obama is a one-man bear market:

Enough already. We know that he's anti-business. We know that he doesn't seem to understand the private sector. We know that he gets huge support from unions, particularly from state and local government unions. We know this. We know that he may not even use this moment of incredible jeopardy for Ben Bernanke's Fed re-up as a chance to "tack right," precisely because that would be pandering to the Massachusetts' Republicans, whom he obviously hates.

Now Here is a Sensible Idea From Bloomberg

...I like Bloomberg's proposal in response to Obama's radicalism:

"Maybe we should hold back their salaries for a decade or so and see whether the laws they pass work out," Bloomberg said.

Pioneer of "Free Checking Accounts" Ends Them

TCF Financial, an $18 billion commercial bank based in Minnesota, was one of the pioneers of the "Free checking account." Thanks to Obama and Pelosi's new rules, TCF is doing away with this product.

"It's the end of an era," [Chairman & CEO] Cooper said in an interview. "We invented totally free checking and everyone copied it. It was a wonderful product. But the regulatory apparatus, misinterpreting what everyone wants, has changed that."

Believe it or not, banks need to make profits in order to hire and pay employees and attract capital. I expect that many banks will be following suit and consumers will be the ones ultimately paying, not some ambiguous identity called "banks" or "Wall Street."

Should The National Enquirer Get a Pulitzer Prize?

The American Thinker points out that the National Enquirer is planning to enter its coverage of the John Edwards lovechild story for a Pulitzer Prize.

While I believe there is no chance the committee will embarrass the Leftist media by admitting to the fact that only a tabloid dared to get the story right, I think the Enquirer deserves one. Looking at most of the "respected" media today, I think the National Enquirer stacks up quite well against them.

Thursday, January 21, 2010

Bloomberg Slams Obama Bank Plan

First it was Obama's friend and fellow Dem Warren Buffett. Now Michael Bloomberg slams Obama's bank plan to limit their profitability.

Incidentally, proprietary trading had absolutely nothing to do with the subprime mortgage meltdown - but then again, since Obama has never worked in the private sector, I'm certain he doesn't even know what prop trading is.

Obama Talks Big Banks; Market Tanks

As if on cue, just as the U.S. banks are beginning to show signs of recovery, Obama inserts himself into how banks should trade and manage risks. The stock market then tanks.

Can't he take another foreign trip or something?

Obama: no bank should have proprietary trading. Say what? How about no bank should be allowed to be profitable too?

The Arrogance of Obama

For any of us who have worked in a real job and interviewed real people, there's one thing that really turns us off: candidates who are sooooo into themselves that they never ever did anything wrong. These candidates are the ones who when asked: "What's your greatest weakness?" respond by saying, "I just work too damn hard." Or sometimes they may respond, "My greatest weakness is that my ideas are sooooo above everyone else that no one can understand me."

Welcome to the world of Obama.

In the aftermath of Scott Brown, Obama said that:

If there's one thing that I regret this year is that we were so busy just getting stuff done...

Also, according to ABC News,

The president said he made a mistake in assuming that if he focused on policy decisions, the American people would understand the reasoning behind them.

Riiiight. People just couldn't understand his big ideas. Well I'm with him on that one.

Wednesday, January 20, 2010

Obama Blames Bush For Scott Brown Victory

This is hilarious. Now Obama says that Scott Brown won not because of what's happened in the last year or two, but what's happened in the last eight years.

Man up Obama - take responsibility for once.

Mort Zuckerman Blasts Obama

Mort Zuckerman is a true-blue Democrat. He's also a businessman. And he blasts Obama on his entire approach over the past year:

He’s misjudged the character of the country in his whole approach. There’s the saying, “It’s the economy, stupid.” He didn’t get it. He was determined somehow or other to adopt a whole new agenda. He didn’t address the main issue.

This health-care plan is going to be a fiscal disaster for the country. Most of the country wanted to deal with costs, not expansion of coverage. This is going to raise costs dramatically.


Warren Buffett on Bank Tax, Other Topics

From Clusterstock. Warren Buffett was on CNBC and had a few interesting things to say. On Obama's bank tax proposal:

  • "I don't really understand the thinking behind the bank tax."
  • Why not go after the members of Congress who let Fannie Mae and Freddie Mac fester?
A few other tidbits:

  • On "Too Big To Fail": If a bank ever has to go to the Federal Government, the CEO and any CEO previous is wiped out. "I want the CEO's equation to be, if this place ever goes down, I'm busted!"
  • If I could vote twice for Bernanke, I would. If he's not re-confirmed: "Tell me a day ahead of time so I can sell stocks"

Yes, Buffett is a major shareholder in Wells Fargo, but he makes a very good point. Wells needed no more capital but the government rammed billions in TARP down its throat, forced it to raise billions more in stock (diluting Buffett), charged them a pretty penny for it, and now Obama wants more? As I've mentioned before, that's excessive and the consumers will ultimately pay the price.

Coakley's Post Mortem

Rasmussen has some interesting numbers on the Mass. race. Brown won independents by a whopping 48 points! By the way, was it just me or was his victory speech outstanding - especially having Doug Flutie, Fred Smerlas and Steve DeOssie on the stage with him? He seemed like a regular guy, which was refreshing.

Obama's bright side: he did help create one new job last night...

Obama 0-5

He seems to have lost his midas touch recently: VA, NJ, Copenhagen (twice!), and now MA. The big question to me is: will he listen to this, or will he continue to blame others.

Tuesday, January 19, 2010

Scott Brown is No RINO

According to several bloggers, Scott Brown has proven that RINOs are still necessary to Republicans. But anyone listening to Brown's victory speech will realize he is a true conservative - cutting taxes, not giving terrorists constitutional rights, opposing big government, and supporting business to spur economic growth. If that is a RINO, then I guess I'm a RINO too.

Sen. Webb (VA) Running Scared; No More Votes

Sen. Jim Webb, a vulnerable VA Democrat, has seen the results of VA's governor race and now MA's senate race. He says that all votes on health care legislation should be suspended until Sen. Brown is seated.

Chris Mathews: Cutting Taxes Kennedy-esque; Not Right-Wing Idea

Once again, the Simpson Brazil episode comes in handy. It is OppositeLand in Liberal America, where a Republican wins in Massachusetts and MSNBC's Chris Mathews says that Scott Brown was Kennedyesque in his desire to cut taxes and spending in order to promote economic growth, which is not Right-wing concept.

Because so many Dems today are advocating this...

Coakley Concedes!

Obama and Coakley rejected in Massachusetts...Coakley surrenders like a good Democrat.

Dems Want Commission to Reduce Debt

The Democrats have decided to form a "bipartisan commission" to determine how to tackle the nation's debt problem.

I can handle that one - don't pass trillion dollar entitlement plans, cut spending and throw the current bums out of office.

And the Winner Is...

The results of the Mass. race will soon be announced and I will be shocked if Brown doesn't win handily, based on anecdotal evidence of huge turnout in suburban areas outside Boston, the final Intrade markets (Coakley at 18, Brown at 85), Democrats blaming each other, Coakley already hiring lawyers and alleging voter fraud, and media pundits practically in tears.

Brown by at least 5...

Conan's Payout - Where's the Outrage?

NBC has apparently agreed to a $40 million payout package with Conan O'Brien.

Since GE was bailed out by the government, where is the outrage against this?

Howie Carr: Why Vote for Scott Brown

A few good reasons:

Vote for Brown if you’re tired of the 25 percent increase in the sales tax, and the brand new 6.25 percent sales tax on alcohol, on top of the 37 percent excise tax.
Send the hacks a message. Vote for Brown if they ignored you when you voted for the death penalty, and to cut income taxes, and they wouldn’t even let you vote on gay marriage. If you’re still waiting for your property tax cut. If you’re still waiting for the attorney general to send a corrupt pol - any corrupt pol - to the can....If you’re old and worried about the Medicare cuts they’re proposing, if you’re young and don’t want to pay the fine for not having health insurance, if you have a good health-care plan and you dread paying Obama’s 40 percent tax.

I have another one. If you don't like what Obama is doing. Vote for Brown.

Monday, January 18, 2010

Peters: Fort Hood Report "Shameful"

Col. Ralph Peters says that the Defense Department report on the Fort Hood shooting is "gutless and shameful" and doesn't explain why the massacre happened. Filled with political correctness, the report calls Hasan the "alleged perpetrator" and neglects to mention the word Muslim or Islam even once.

Pollster CEO: "Disaster" for Dems in Mass.

InsiderAdvantage CEO Matt Towery says that the latest polling shows a "disaster" for Democrats in the Mass. Senate race. We'll see if Obama strikes out again in his last minute special election attempts. But let's face it - this one would be much more of an upset of epic proportions than NJ and VA.

New Taliban Attack in Kabul; Does Martha Know?

How can this be?

KABUL, Afghanistan — Teams of militants launched a spectacular assault at the heart of the Afghan government Monday, with at least two men detonating suicide bombs and the rest fighting to the death only 50 feet from the gates of the presidential palace.

The story has to be false - Martha Coakley said there are no more Taliban or militants in Afghanistan...

Cliff Claven Stumps for Scott Brown

One of the greatest lines from John Ratzenberger's speech yesterday - from Tim Blair:

This isn’t the Democratic party of our fathers and grandfathers. This is the party of Woodstock hippies. I was at Woodstock — I built the stage. And when everything fell apart, and people were fighting for peanut-butter sandwiches, it was the National Guard who came in and saved the same people who were protesting them. So when Hillary Clinton a few years ago wanted to build a Woodstock memorial, I said it should be a statue of a National Guardsman feeding a crying hippie.

Obama Takes Shot at Scott Brown's Truck; It's a GM

Obama attempted to take a shot at Scott Brown's truck in his speech for Coakley yesterday, saying that "anyone can own a truck." Ironically, Brown's truck is a GM.

Oh, and Obama knows damn well exactly how unpopular Obamacare is, judging from the fact that he never mentioned it in his speech. From Jake Tapper:

But in Boston -- a fairly hospitable "one end of the country" -- the president did not directly mention the health care reform legislation, opposition to which Brown has made one of the signatures of his campaign. He talked about Coakley being on the side of the people, and Brown on the side of the insurance industry, but there was no direct reference to Brown being the key vote against passage of the health care reform bill.

This was an obvious sign that the White House knows just how unpopular the legislation currently is, regardless of what the president told House Democrats last week.

Sunday, January 17, 2010

Coakley's Stock is Like Citigroup, Enron

Just take a look at her Intrade chart over the past couple of weeks. Incredible.

Sen. Kirk's Last Vote on Tuesday

It appears that once a new Sen. in Massachusetts is elected, interim Senator Paul Kirk will no longer be eligible to vote. This would mean that delaying certification in the instance that Brown wins would be irrelevant.

Of course, this wouldn't be the first time that Congress paid no heed to the Constitution.

Coakley in Desperation

In a last ditch effort to gain traction among women, the Dems have put out ads about Brown wanting hospitals to "turn away all rape victims." When even liberals are slamming this tactic, you know it's very bad news for Coakley.

Also, the Brown campaign has filed legal action against the campaign for defamation, but with Coakley as Attorney General, let's just say it's unlikely this case is ever investigated.

Radio host Michael Graham says what he is seeing is unprecedented.

Friday, January 15, 2010

Common Thread of Democrats and Terrorists

The NR Online has it right that the common thread of both Democrats and terrorists is that they both seem to view the World Trade Center as a symbol of greed and corruption.

But seriously - Coakley has taken shots at Catholics, Fenway Park, spelled Massachusetts wrong and now puts out an ad about greed with the World Trade Center. But - she's supposed to be competent enough to run a $2 trillion government-run healthcare plan? Really??

Obama to Try to Save the Day

Well Obama will try a third time, campaigning for a candidate. He failed in Virginia and New Jersey. Now with Coakley down 4 points in a recent poll, he'll be coming to Mass to campaign.

Will this help or hurt Coakley? I actually think it will help her marginally, but it will also draw passionate voters out on Tuesday, and the most passionate voters do not want Obama's multi-trillion dollar healthcare socialization bill.

If Coakley wins on Tuesday, Obama will win his healthcare reform (which really means he loses in the long run). But if Coakley loses, Obama is toast. His reputation will have dropped below Coakley's. Will Boston be another Copenhagen for the Democratic Messiah? Kind of a lose lose situation as I see it.

Cheney Tops UK Guardian's Top 100 Conservative List

The UK Telegraph has come out with its top 100 conservatives and has placed Dick Cheney at the top of the list. Rush Limbaugh was number 2.

Interestingly, David Petraeus, who has never discussed his politics or even his inclinations, is listed as number 8. Does this mean that military commanders must now by definition, be conservative?

Brown Pulling Ahead in MA?

According to yesterday's Suffolk University poll, Brown is outpolling Coakley 50% to 46%. I'm not sure what MA's constituency is but they polled 500 people - 39% democrats, 15% republicans, and 46% independents.

The poll also asked about long time Obama buddy Deval Patrick. Only 35% approve of the job he's doing. Watch out!

Obama: Let's Send Gitmo Detainees to Newton MA

Obama let Abdul Aziz Naji out of Guantanamo Bay in May 2009. The man is Algerian, but for some reason was spending a lot of time in Afghanistani and Pakistani terrorist training camps. He belonged to a group affiliated with Al Qaeda according to the US military, but if you ask him, he was just hangin' there.

Why Newton MA? He claims it's unsafe to return home, whereever that is: Algeria, Afghanistan, or Pakistan. So Obama's great plan: off to one of the wealthiest towns in the US for integration.

Any wonder why nobody takes Obama seriously? I'd bet 90% of Americans would prefer the guy stay in Gitmo.

Thursday, January 14, 2010

Obama: It's The Computers' Fault We're So Inefficient

Obama has a new source of blame for his administration's problems - computers. Apparently, this is the real reason that they are so bloated, inefficient and wasteful.

Norwegian Scientists: No Warming In Antarctica

This Monday, scientists from the Norwegian Polar Institute reported that they measured temperatures beneath the East Antarctic ice shelf and there was no warming whatsoever.

In fact, temperatures from Antarctica have actually cooled over the past 30 years. From American Thinker.

Climategate Fraudulent Scientist Receives Stimulus Cash

Michael Mann, the fraudulent scientist who was a key part of Climategate, has apparently received a half a million dollars of stimulus cash to continue his fraud about global warming.

I guess that's "saved" one job, but a half-million dollar fraud is not exactly what Americans are thinking about when Obama brags about saved jobs.

Wednesday, January 13, 2010

Calling Senate Candidates Obscene Names Now Acceptable

According to Chuck Schumer, calling Senate candidate Scott Brown a "teabagger" is now acceptable. Then again, from the party of Bill Clinton, this should not be surprising. I guess this means we should be referring to Schumer as "F***y Schumer" or something similar.

Keep this in mind the next time Democrats complain about the "coarsening of political discourse." You can tell these Dems are getting desperate.

Coakley Thug an Obama Appointee!

Martha Coakley's thug campaign staffer Michael Meehan was nominated by Obama to serve on the Broadcasting Board of Governors, which oversees federal news operations. Big Government adds:

A top GOP Senate Aide had this to say in response to this article: “The President should pull his nomination unless he thinks the BBG should be led by a guy now best known for suppressing the freedom of the press.”

Coakley Getting Snippey!

I don't know the legal definition of snippey, but if you read the article We Report, We Get Pushed, by John McCormack, of The Weekly Standard, the shoe fits. First she won't answer any of his questions, then one of her campaign workers pushes him down to the ground!

Read the exchange. Check out the photo!

Great News - "Up to 2 Million Saved or Created" Jobs

Yup, from the scientific evidence of this White House, the $800 Billion Bankrupt America Act of 2009 has "saved or created up to 2 million jobs."

Man, this bill has been our savior. Let's go for another one.

MA Senate: Brown Closing the Gap

According to Rasmussen's latest, Brown is now down 49% to 47%, whereas one week ago, he was down by 9%.

I don't agree with the typical assessment that a low turnout favors Brown. This suggests that a low turnout would represent voter apathy and may not be representative of a true electorate's beliefs. I say on the contrary: Republicans are energized by being against higher spending and Obamacare, while Dems are equally excited about more spend, more socialism and the prospect of higher taxes for all. So both parties seem to be getting into it.

I'm not sure if Brown will pull it off though. I hope I'm wrong, but my reasoning is that they've already had their last debate and while Brown wants more future debates, Coakley says no. Judging by her performances, I think she's making the right decision. Likewise, her refusal to debate Brown 1 on 1 has probably also helped her. Also, I'd expect the MA democratic machine to kick into gear to help put Coakley over the top. We can probably count on 120% voter turnouts in places like Roxbury, Mattapan, and Southie. Let's see in 6 days.

Healthcare Lobbyists Band Together for Coakley

The next time you hear someone telling you that the GOP is in the back pocket of drug company executives, just think of Democrat Martha Coakley in Massachusetts, who is on the verge of getting her butt whipped in a state that has a 30-point Democrat advantage. From the WSJ:

As first reported by Timothy Carney of the Washington Examiner, the host committee for the fundraiser at Pennsylvania Avenue's Sonoma Restaurant includes lobbyists for Pfizer, Merck, Eli Lilly, Novartis and sundry other drug companies that have been among the biggest of ObamaCare's corporate sponsors. Other hosts—who have raised at least $10,000 for Ms. Coakley—include representatives from UnitedHealthcare, Blue Cross Blue Shield, Humana and other insurers. As far as we can tell, the insurance industry claims to oppose ObamaCare's current incarnation.

Against overwhelming public opposition, the only things keeping ObamaCare alive at this point are power politics and the misguided corporate cease-fire that Democrats have either coerced or bought—or is homegrown at companies like Pfizer that are deeply invested in more government control of the economy. Ms. Coakley's election would make that outcome a certainty.

Tuesday, January 12, 2010

Fed Has Record Year: Earns $45 Billion

It was a record year for the Federal Reserve. Buoyed by its emergency lending programs and bond buying activities, the Fed earned a whopping $45 billion in 2009 - funds that will go directly to the Treasury.

The only questions that remain are: 1) when does Obama take credit for it?; and 2) When does Obama spend it?

Only 17% Believe Obama on Healthcare

Only 17% of people believe Obama when he tells them healthcare reform will lead to lower costs. Ouch! I guess Joe Wilson was right.

Coakley: Afghanistan is Terrorist-Free!

I liked this snippet from the U.S. Senate debate last night in Massachusetts. Dem candidate Martha Coakley has declared Afghanistan to be terrorist-free! Let's bring the troops home - war's over. Someone please call Gen. Petraeus and let him know.

Brown Takes Apart Coakley in Debate

According to most analysts, Brown looked good last night, while Coakley looked bad. I love the line:

With all due respect, it’s not the Kennedy seat and it’s not the Democrats’ seat, it’s the people’s seat.

That line alone would get me to vote for him. Actually like many of Kennedy's (libertarian, not Teddy) as well, but since he'll never get in, gotta go for Brown.

A vote for Brown is a vote against Obama. I think this alone will keep him at least close.

Obama Doesn't Use the Word Stimulus

William McGurn of the WSJ notes that Obama has forbidden both himself and his Administration from using the word "stimulus."

Not once did he use the word "stimulus." If you search under "speeches and remarks" on the White House Web site, it will tell you that the last time the president used the word "stimulus" in public remarks was in an offhand reference in a speech about clean energy in October. A month before that he used the term once in a speech that was about the stimulus.

The president's increasing shyness about the S-word does not appear to be a coincidence. Here's a snippet from a December exchange between White House Press Secretary Robert Gibbs and one reporter:

Reporter: "[W]hy are we talking about a second stimulus now?"

Mr. Gibbs: "Well, again, you haven't heard the President talk about a second stimulus. You heard the President discuss targeted ideas that he believes and the economic team believe will have a positive impact on private sector hiring, and creating an environment that will allow the private sector to make those hiring decisions positively."

At least Obama is being honest about what the bills will do. From now on I will call any Democrat stimulus bill the Obama-Pelosi-ACORN Destruction of American Taxpayer Act of 2010 - because frankly, the White House knows that it's more accurate than calling it a stimulus bill.

Monday, January 11, 2010

Obama Wants To Impose More Fees/Taxes on Banks

In Obama's endless pursuit to tax everything, he wants to raise fees on banks as payment for the "bank bailout."

As usual from Obama, this is a load of garbage. All but a handful of banks needed any government TARP funds - many objected to taking the funds. And the majority of the TARP funds from commercial banks have already been repaid, making the government a tidy profit.

The major place where taxpayers lost TARP funds are the autos because Obama wanted to give his UAW friends a gift and AIG, which Spitzer helped destroy. Maybe someone should explain to Obama what a bank does.

Saturday, January 09, 2010

Brown in Lead in Mass. Senate Race?

Could the latest PPP poll be correct that Republican challenger Scott Brown is leading Dem Martha Coakley 48-47 for the U.S. Senate in the most liberal state in the country?

I think a 10 point victory for the Dem would be a big blow for Democrats - a loss would mean a political upset of historic proportions. At the end, I have confidence that the SEIU and ACORN will turn out enough dead bodies for Coakley to win, but it's obviously a positive sign that more and more Americans are realizing that Obama's America is a road to hell.

Another Democrat Friend Devalues Currency

First it was Madeleine Albright's friend Kim Jong Il. Now Obama's buddy Hugo Chavez has devalued its currency by 50%. Obama is doing his best not to be outdone by his communist friends, but the dollar's devaluation is occurring over a period of years rather than all at once.

Thursday, January 07, 2010

Partisan Gap Down to Five Points

Obama has proven to be good for one thing - he's made many Democrats ashamed to be part of his party. The partisan gap between self-declared Democrats and Republicans, which was double digits just two years ago, is now down to only 5 points.

The one indirect effect of this data means that it should further punish Obama's poll numbers. When pollsters survey, they typically overweight Democrats by margins of 10-15% or more. Now, they must adjust their weightings (assuming they care to be accurate, which many pollsters do not). No one ever scrutinizes the internal poll variables anyway, but anyone with an ounce of credibility will have to make some adjustments to their polling data.

Mayo Clinic Declines Medicare Patients

Obama has lauded the Mayo Clinic over and over as an example of how health care should be run.

“Look at what the Mayo Clinic is able to do,’’ the president proclaimed at a rally in September. “It’s got the best quality and the lowest cost of just about any system in the country. . . . We want to help the whole country learn from what Mayo is doing.’’

Now the Mayo Clinic has decided that it will no longer take Medicare patients because the costs far outweigh the reimbursement rates it gets from the government. Unfortunately, we will see a lot of this with Obamacare.

Wednesday, January 06, 2010

Obama Blames Bush for Al Qaeda in Middle East

We all know Al Qaeda came about because Bush created Gitmo. This is getting old - Again.

Dodd and Dorgan Won't Run Again

Two democratic senators have decided not to seek re-election. Call me crazy, but I actually think this is a positive for democrats. Dodd was incredibly corrupt and belongs behind bars. The thing that probably saved him is other democrats, including the president, were not willing to go tackle corruption in their own party. He would have not only lost his seat anyway, but could have possibly dragged down other democrats. I have no idea about Dorgan.

Dems are extremely unpopular at the moment especially after healthcare reform and unprecedented (as obama would say) spending. But if the incumbents decide to retire, then Republicans can't really use that against the new guy. It's a smart move (for dems) and at the same time gives them some time to find a new candidate.

Tuesday, January 05, 2010

Mass. Senate Race: GOP Leads Dem Among Independents

The Massachusetts Senate race to be held January 19th should be a 35 point blowout, but because Democrats are so wildly unpopular these days, it is only a 9-point race, with Democrat candidate Martha Coakley leading GOP candidate Scott Brown by a 50-41 margin. If it stays this way, this race is yet another data point that the political winds have shifted by at least 10-20 points nationally.

Significantly, Brown leads among independents by 44 points, 65-21.

This Winter Could Be Worst in 25 Years

It looks like the U.S. may have its coldest winter in a quarter of a century, according to many weather forecasters. For the past two years, there have been several very credible climatologists who said that the earth is entering a 10-30 year cooling period because of the lack of sunspot activity.

The cold weather activity over the past two years supports this thesis, yet the only thing we continue to hear about is Al Gore's fraudulent global warming claims.

Monday, January 04, 2010

The Christmas Eve Taxpayer Massacre

The WSJ has appropriately dubbed Obama's despicable de facto takeover of Fannie Mae and Freddie Mac to pursue his redistributive social policy by eliminating the maximum amount which the Treasury was allowed to contribute to the lenders. (I thought he would do it through Citi and B of A, but they were smart enough to repay the TARP, so Obama lost his opportunity there.)

The loss cap is being lifted because the government has directed both companies to pursue money-losing strategies by modifying mortgages to prevent foreclosures. Most of their losses are still coming from subprime and Alt-A mortgage bets made during the boom, but Fannie reported last quarter that loan modifications resulted in $7.7 billion in losses, up from $2.2 billion the previous quarter.

The government wants taxpayers to think that these are profit-seeking companies being nursed back to health, like AIG. But at least AIG is trying to make money. Fan and Fred are now designed to lose money, transferring wealth from renters and homeowners to overextended borrowers.

Even better for the political class, much of this is being done off the government books. The White House budget office still doesn't fully account for Fannie and Freddie's spending as federal outlays, though Washington controls the companies. Nor does it include as part of the national debt the $5 trillion in mortgages—half the market—that the companies either own or guarantee.

And best of all, Fannie and Freddie executives are all exempt from compensation levels that are forced upon other banks. Thanks to Obama, Frank and Dodd, Fannie and Freddie will redistribute up to $1 trillion to homeowners that never should have been allowed to own a home.

Just When You Though Obama Couldn't Get Any Worse...

he decides to send Gitmo detainees back to Yemen.

Sunday, January 03, 2010

Obama: We No Longer Believe NIE Report on Iran

It took them this long to figure out that the NIE report conclusion that Iran stopped all nuclear activity in 2003 was absurd? The Bush Administration said this much the very day that part of the conclusion was written because all the evidence in other parts of the NIE report directly contradicted it. And no one else in the world believed it, either.

Better late than never - perhaps by the end of his term he will also admit that his "stimulus package" did absolutely nothing positive for the economy.

Saturday, January 02, 2010

No Change in CO2 Levels in Last 150 Years

A recent study by Wolfgang Knorr at the University of Bristol's Department of Earth Sciences shows that there has been no increase in atmospheric carbon dioxide for the past 150 years.

The great hoax continues to unravel...