Obama’s frightening new attack on the Constitution

Obama’s frightening new attack on the Constitution

April 21st, 2010

By Robert Moon, Examiner

 Obama is seeking to increase his Executive powers

Imagine how people would have reacted if President Bush had been caught trying to sneak through legislation that would have illegally given him the power to take over and destroy any financial institution he pleased, on a whim, with zero checks and balances.

That is what Democrats are quietly rushing through Congress for Obama.

It’s called H.R. 4173 and it is already through the House. If it is signed into law, Obama will literally gain the kind of terrifying, un-checked power usually reserved for fascists and Third World dictators–the power to strong-arm, intimidate and crush any business that gets in his way. There will not even be judicial oversight.

What’s that? Your company refuses to go “green?” Expect a knock at your door. Your business donated to the wrong party? You will be receiving a letter. Your company resists union takeovers? There will be consequences.

If Obama doesn’t like what your business is doing, Obama simply gets to take it over, fire the executives, sell off all its stocks, and basically burn it to the ground.

Read More:

Advertisements

Is Goldman Obama’s Enron? No, it’s worse

Is Goldman Obama’s Enron? No, it’s worse

April 21st, 2010

By: J.P. FREIRE, Washington Examiner

Campaign contributions from Goldman Sachs employees to President Obama are nearly seven times as much as President Bush received from Enron workers, according to numbers on OpenSecrets.org.

President Bush’s connections to Enron were well-hyped during the company’s accounting debacle that rippled through the economy. Time magazine even had an article called, “Bush’s Enron Problem.” The Associated Press ran with the headline, “Bush-backing Enron makes big money off crisis.” David Callaway wrote that Enron for Bush was worse than Whitewater for Clinton.

In 2002, the New York Times wrote: “President Bush is seeking to play down his relationship with Enron’s embattled chairman, Kenneth L. Lay. But their ties are broad and deep and go back many years, and the relationship has been beneficial to both.” But the mere $151,722.42 (inflation adjusted) in contributions from Enron-affiliated executives, employees, and PACs to Bush hardly add up to Obama’s $1,007,370.85 (inflation adjusted) from Goldman-affiliated executives and employees. That’s also not taking into account how much Goldman contributed to Obama cabinet member Hillary Clinton ($415,595.63 inflation adjusted), which was itself almost three times as much as Bush received as well.

Read More:

The costs of crossing the president

The costs of crossing the president

April 21st, 2010

By BRUCE J. SCHULMAN, Politico

 Hope and Change!  Or else…

Will the White House punish Democrats who defected on the monumental health care overhaul?

“There is not a whole lot of [President] Barack Obama and [Vice President] Joe Biden to spare on a good day,” one senior White House official told POLITICO. “We’re going to have to focus on our friends.”

As for the five House Democrats who reversed their positions to vote against the final bill, another Obama aide said, “We appreciate the people who hung with us.”

The implied political hardball has drawn protests from some legislators. Rep. Chris Van Hollen, the Democratic Congressional Campaign Committee chairman, for example, now talks about the need to help all Democrats.

But Obama’s approach is hardly novel.

Many presidents have aggressively disciplined wayward legislators: manipulating committee slots, stripping privileges, even campaigning against them in primaries.

Read More:

All the president’s Goldman Sachs men

Michelle Malkin 

Lead Story

All the president’s Goldman Sachs men

By Michelle Malkin  •  April 21, 2010 05:51 AM

My syndicated column today shines light on all the Goldman Sachs company men in the Obama administration’s midst. The GOP wants SEC correspondence disclosed. Here’s that story. In related news, Goldman Sachs cheerleader and beneficiary Rahm Emanuel met with NYC business elite about the financial reform plan. Listen up:

Another attendee, who spoke anonymously to discuss remarks that were intended to be private, said the chief-of-staff emphasized that there was a “12-week legislative calendar” to get the administration’s main goals accomplished.

***

All the president’s Goldman Sachs men
by Michelle Malkin
Creators Syndicate
Copyright 2010

While President Obama assails the culture of greed and recklessness practiced by the men of Goldman Sachs, his administration is infested with them. The White House can no more disown Government Sachs than Da Boss-in-chief can disown Chicago politics.

Obama is headed to Wall Street on Thursday to demand “financial regulatory reform” — just as the U.S. Securities and Exchange Commission has filed civil suit against Goldman Sachs for mortgage-related fraud. Question the timing? Darn tootin’. There are no coincidences in the perpetually orchestrated Age of O. Everyone from disgraced former New York Attorney General Eliot Spitzer to analysts at the Brookings Institution and Barclays Capital to the GOP leadership and Rush Limbaugh has noted the reeking political opportunism in the air.

As the New York Post reported Tuesday, the Democratic National Committee immediately bought sponsored Internet ads on Google that direct web surfers who type in “Goldman Sachs SEC” to Obama’s fundraising site. “It’s time to hold the big banks accountable,” the money-grubbing DNC message bellows. But just like his crony capitalist predecessor George W. Bush, Obama has relied on Goldman Sachs and Wall Street power brokers to engineer massive government interventions to “rescue” failing businesses with the tax dollars of ordinary Americans.

While irony-challenged Democratic candidates like mob-linked banker Alexi Giannoulias in Illinois (who hopes to fill Obama’s old Senate seat) call on Republicans to return their fat-cat Goldman Sachs donations, the Democrats are silent on the $994,795 in Goldman Sachs campaign cash that Obama bagged. The class-warfare Dems are also mum on all the president’s Goldman Sachs men sitting in the catbird’s seat:

– Goldman Sachs partner Gary Gensler is Obama’s Commodity Futures Trading Commission head. He was confirmed despite heated congressional grilling over his role, as Reuters described it, “as a high-level Treasury official in a 2000 law that exempted the $58 trillion credit default swap market from oversight. The financial instruments have been blamed for amplifying global financial turmoil.” Gensler said he was sorry — hey, it worked for tax cheat Treasury Secretary Tim Geithner — and was quickly installed to guard the henhouse.

– Goldman Sachs kept White House Chief of Staff Rahm Emanuel on a $3,000 monthly retainer while he worked as Clinton’s chief fundraiser, as first reported by Washington Examiner columnist Tim Carney. The financial titans threw in another $50,000 to become the Clinton primary campaign’s top funder. Emanuel received nearly $80,000 in cash from Goldman Sachs during his four terms in Congress — investments that have reaped untold rewards, as Emanuel assumed a leading role championing the trillion-dollar TARP banking bailout law.

– Former Goldman Sachs lobbyist Mark Patterson serves under Geithner as his top deputy and overseer of TARP bailout — $10 billion of which went to Goldman Sachs. Left-leaning government watchdog Melanie Sloan of the Citizens for Responsibility and Ethics in Washington responded: “It makes it appear that they are saying one thing and doing another.” Paul Blumenthal of the Sunlight Foundation noted that, while at Goldman Sachs, Patterson lobbied against executive pay limits that Obama had crusaded for as senator (before, that is, his administration carved out exemptions for AIG). While Patterson agreed to recuse himself on any Goldman Sachs-related issues or related policy concerns, Blumenthal wrote, it “still creates a serious conflict for Geithner, as Treasury is being partly managed by a former Goldman lobbyist. Geithner is also placed in a tough position considering that his chief of staff is limited in the areas in which he can work (supposedly).”

– Obama’s close hometown crony, campaign finance chief and senior adviser Penny Pritzker was head of Superior Bank of Chicago, a subprime specialist that went bust in 2001, leaving more than 1,400 people stripped of their savings after bank officials falsified profit reports. Pritzker’s lawyer at O’Melveny and Myers, Tom Donilon, is now Obama’s deputy national security adviser. He earned just shy of $4 million representing her and other high-profile meltdown clients including Goldman Sachs.

– White House National Economic Council head Larry Summers reaped nearly $2.8 million in speaking fees from many of the major financial institutions and government bailout recipients he now polices, including JP Morgan Chase, Citigroup, Lehman Brothers and Goldman Sachs. A single speech to Goldman Sachs in April 2008 brought in $135,000. Summers has prior experience negotiating government-sponsored bailouts that benefit private concerns. In 1995, he spearheaded a $40 billion Mexican peso bailout that bypassed Congress. Summers personally leaned on the International Monetary Fund to provide nearly $18 billion for the package. Summers’ boss, then Secretary of the Treasury Robert Rubin, was former co-chairman of Wall Street giant Goldman Sachs — the Mexican government’s investment banking firm of choice.

Rubin continues to mentor another former employee of his with regular visits and chats — Treasury Secretary Geithner, who was head of the New York Federal Reserve, which pushed bailed-out insurance conglomerate AIG to cover up sweetheart deals for investment banks that benefited, you guessed it, Goldman Sachs.

As Obama harangues Wall Street to clean up its house, all the president’s Goldman Sachs men have their feet on the coffee table at his.

Latest IDB/TIPP poll reveals issues and voters swinging to GOP

Latest IDB/TIPP poll reveals issues and voters swinging to GOP

Rick Moran

A new IDB/TIPP poll shows the voters unhappy with the president’s handling of the economy, the health care bill, and the veer to the left the country has taken:

Responses to the latest IBD/TIPP Poll suggest that the economy, one-party rule, the health care bill and the ascendancy of conservatism will be the four defining corners of the square in the political game coming in November.The Economy

This is the No. 1 issue on voters’ minds. The economy is in recovery, but double-digit unemployment is taking a toll. The November vote would likely reflect their frustration with incumbents and the incumbent party.

Nor is the president of much help to congressional Democrats because Americans do not see his economic performance in a favorable light.

Obama gets good grades from only one-third (34%) of those polled for his overall handling of the economy. And even fewer see his performance favorably on specific economic issues such as handling the federal budget (29%) and creating jobs (30%).

With the health care bill still very unpopular, Democrats are in grave danger of losing their majority in Congress:

The poll also asked Americans if they’d rather see Democrats retain control or Republicans regain control of Congress. Responses split evenly at 43%. But key voting blocs such as independents (43% to 32%) and seniors (48% to 38%) favor Republicans gaining control.

And this is one of the few polls that has bothered to measure how people see the president ideologically: 

The conservative tilt of the country has always existed. By steadfastly governing from the left, Obama has helped awaken core conservative values – smaller government, lower taxes and strong national security – in voters’ minds.

Now most Americans (57%) find themselves to right of Obama. On a 10-point ideology scale, where one is “Very Liberal” and 10 is “Very Conservative,” Obama gets a rating of 3.7. Americans give themselves a 6.0.

So much for Obama’s famed “pragmatic centrism.”

There is also a favorable impression of the tea party movement by Americans. The IBD/TIPP Poll of 924 Americans was taken April 5 to 10. The margin of error is plus or minus three percentage points.

Gangster government: The continuing series

Gangster government: The continuing series

Clarice Feldman

Beginning with the auto “bailouts” where in contrast to established bankruptcy rules, secured creditors were forced to accept 33 cents on the dollar in liquidation of the company’s debt with the UAW, an unsecured creditor received 50 cents on the dollar, this administration has engaged in what Michael Barone first called “gangster government. Looking at the SEC suit against Goldman Sachs and the Dodd “financial regulation” rules, he sees gangster government a continuing Obama era feature

On its face the complaint seems flimsy. Paulson has since become famous because his firm made billions by betting against mortgage-backed securities. But he wasn’t a big name then, and the sophisticated firm buying the CDO must have assumed the seller believed its value would go down.That’s not the only fishy thing about the complaint. Tuesday came the news, undisclosed by the SEC on Friday, that the commissioners approved the complaint by a 3-2 party-line vote. Ordinarily the SEC issues such complaints only when the commissioners unanimously approve.

Fishy thing No. 3: Democrats immediately used the complaint to jam Sen. Christopher Dodd’s financial regulation through the Senate. You may want to believe the denials that the Democratic commissioners timed the action in coordination with the administration or congressional leaders.

But then you may want to believe there was no political favoritism in the Chrysler deal too. The SEC complaint looks a lot like Gangster Government to me.

The Dodd bill, however, has it trumped. Its provisions promise to give us one episode of Gangster Government after another.

Crony capitalism, fascism, gangster government, the Chicago Way. However you call it, it’s not American. And I hope someone blows the whistle on this soon.

Clarice Feldman

The President Who Won’t Grow Up–Everything I need to know about Barack Obama I learned as a Cub Scout den leader.

The President Who Won’t Grow Up

By Carol Peracchio

Everything I need to know about Barack Obama I learned as a Cub Scout den leader.

Last week I watched an American president and a Russian leader sign a START treaty. I almost checked the calendar, wondering if I’d been transported back to 1980. In news stories of the summit I found a link to an article Barack Obama had written in 1983 while at Columbia University titled “Breaking the War Mentality.” Back then, Obama was firmly in the nuclear freeze camp. It’s true that many of us held views as college students that seem quaint and naïve after two or three decades. But compare the (nearly incomprehensible) writing of the 22-year-old Obama to the news reports last week. Incredibly, Obama’s worldview has not changed. The Soviet Union is kaput, he is the leader of the free world, and he’s still thinking the same way. He’s the president who won’t grow up.

Years ago, R. Emmett Tyrell characterized Bill Clinton as the “Boy President.” In Barack Obama, I believe we are seeing the return of the little boy as president. As a former Cub Scout den leader, I spent a lot of time around boys. It struck me that the president exhibits classic little boy behavior. Here are a few examples:

Boys are bored by day-to-day work. Almost immediately after his inauguration, Obama started complaining. At a photo op at a school in February, 2009 he said, “We were just tired of being in the White House.” The First Couple constantly leave the White House, putting the “frequent” into frequent flier.

Anyone who has been a Scout leader, coach, or teacher knows how quickly boys get bored. I used to plan extra activities, just in case the Cubs got fidgety. But an amazing thing happens as boys grow up: They are able to stay put for an hour. They stop whining, “This is boring!” and put in the necessary work to earn a merit badge or progress to the next rank. President Obama, however, reminds me of the Scout who would goof off and refuse to work during the meetings but return the next week with all the requirements for the merit badge signed off by his parents. Everyone, even his fellow Scouts, knew he didn’t do the work. Which brings us to:

Boys don’t respect things they haven’t earned. Every parent I know has a story of a child given an expensive toy who treats it carelessly. But the toy that he has saved his allowance for months to purchase is treated with respect and reverence.

Barack Obama doesn’t respect the presidency because he didn’t earn it. He had a wafer-thin résumé, no paper trail, and a suspect autobiography. It took massive lifting from the media, Hollywood, and his PR team to put him over the top. He is like the college student whose mom is writing his papers. He doesn’t value the education he’s receiving because he isn’t earning it, and he certainly isn’t paying for it. He also doesn’t respect the professors who are letting him get away with it. Note how President Obama treats the media.

Boys love snack and game time. It didn’t matter how much I lectured or how formal the occasion — as soon as grace was over, my Cubs shot to the front of the buffet line like a horse heading back to the barn. The best way to get them to pay attention to me during meetings was by threatening withholding of the cupcakes.

I’ve been fascinated by what  foodies the First Couple are. Last year, we were treated to breathless reports on the gourmet food being served at the White House and the hot restaurants the Obamas were jetting off to. Even pizza became a “big f-ing deal” (as the Vice President would say). Perhaps the Republicans could coax Obama into listening to them by threatening to withhold the Wagyu beef.

As far as games are concerned, boys are always ready to play. Red Light Green Light, marbles, even paper football across the dining room table brought joy to den meetings. The president also loves game time, whether he’s playing or watching. When an unexpected day opened up last weekend, he hit the links. I’ll never forget an interview I saw when Obama was President-Elect. He was answering questions in that serious, dull manner, when the interviewer asked him about college sports. The change in Obama’s demeanor was startling. He sat up straight, his voice became animated, and for the first time, he seemed interested in the conversation.

Boys have difficulty grasping the importance of tradition and protocol.
We had a strict rule for our Cub Scouts: When we were in public as a den, they had to wear their uniforms. We discovered that the simple act of wearing the traditional uniform encouraged the boys to behave and to be proud of being a Scout. As the boys got older, we would rejoice to see them teach the Tiger Cubs to take their hats off during prayer, or stand and salute when the flag passed by. The boys learned these traditions were part of what made them Scouts.

It breaks my heart to see our president making a serious statement without a tie, or giving the British Prime Minister a cheap, thoughtless gift. By belittling tradition, he diminishes the magnificence of the office of which he’s been given temporary stewardship. This past weekend, the president was unable to attend the funeral of the Polish president. Instead of visiting the Polish embassy to sign the condolence book, or even staying quietly out of sight, President Obama decided to play golf

Boys are always in a hurry.
Watch any boy at a computer. It doesn’t matter how fast the connection speed is, he’ll soon be tapping his foot and sighing in frustration as he waits for a page to load. By the time they start crawling, boys are hardwired to hurry up.

A President who hasn’t grown up says “We don’t have a moment to spare” concerning his nearly trillion-dollar stimulus bill. He tells a pro-health care reform rally:

My question to them is, ‘When’s the right time? If not now, when? If not us, who? Is it a year from now or two years from now or five years from now or ten years from now?’ I think it’s right now …

Hurry up! Do it now! There’s no time — to read, to discuss, to compromise, to think. Cub Scouts have den leaders to slow them down, to teach them about tradition, to reinforce the rewards of work. But there are no den leaders surrounding our president. That could change in November, however. If Republicans win the Congress, Representative Boehner and Senator McConnell will be leaders. Hopefully they can encourage our Cub Scout president that it’s time to grow up.

Carol Peracchio is a registered nurse.