Don’t Raise the Limit on Obama’s Credit Card

Don’t Raise the Limit on Obama’s Credit Card

January 6th, 2011

Floyd and Mary Beth Brown, FloydReports.com

Fear-mongering works – why not try again? This must be the thinking behind Obama’s latest attempts to manipulate the new Congress. Austan Goolsbee, chairman of the U.S. Council of Economic Advisers, trotted out before the cameras this week to threaten the Republican Congress, saying that if they don’t raise the limit on the USA’s debt ceiling, the “impact on the economy would be catastrophic.”

Goolsbee spun the new lines cooked up in the White House communications office on ABC’s This Week: “If we get to the point where we damage the full faith and credit of the United States, that would be the first default in history caused purely by insanity.”

The real insanity is to continue to roll up debts we have no hope of paying. Goolsbee’s comments are part of a coordinated preemptive plan to blame the new Tea Party Republicans as the economy sputters. When fear reaches high levels, people don’t think clearly, and this is exactly what Obama is counting on.

The current legal limit on borrowing is $14.3 trillion, and unless the new Republican Congress adopts Obama’s proposed higher limit, across-the-board spending cuts will result. How tragic: If the debt ceiling doesn’t pass, politicians will actually have to begin budgeting like adults in Washington.

This is a big test for candidates supported by Tea Party and anti-spending activists. Will they hold to their pledges to rein in government spending? Or, will they adopt the ways of Washington and blink because of Democratic attempts to vilify and marginalize them with their dire threats?

America has only two choices: Stop the insane overspending, or dramatically raise taxes to pay for the free-spending lawmakers’ excesses. There are some great alternatives to raising the debt ceiling. Congress should hold votes to eliminate farm subsidies, abolish the Department of Education, close the Department of Housing and Urban Development (HUD), shut down the Department of Energy, repeal ObamaCare, and bring our troops home from places like Japan and Europe.

Read more.

Chicago on the Potomac

Michelle Malkin 

Lead Story

Chicago on the Potomac

By Michelle Malkin  •  January 5, 2011 02:38 AM


Photoshop credit: No Sheeples Here

Chicago on the Potomac
by Michelle Malkin
Creators Syndicate
Copyright 2010

No matter how you rearrange President Obama’s inner circle, it still looks, smells and tastes like a rotten Chicago deep-dish pizza.

Ready for the latest topping on this moldy old pie? It’s a possible chief of staff slot for Wall Street banker/lawyer/wheeler-dealer William Daley, brother of outgoing Chicago mayor/machine politics mastermind Richard M. Daley (also the former boss of White House senior adviser Valerie Jarrett and first lady Michelle Obama), whose retirement paved the way for former Obama chief of staff and Chicago mayoral candidate Rahm Emanuel. Phew.

The White House is reportedly looking to manufacture a “pro-business” aura with Bill Daley, who holds a “corporate responsibility” executive office at J.P. Morgan and once headed the U.S. Chamber of Commerce (clarification: Daley is a director of the U.S. Chamber of Commerce)– the latter, a left-wing hate object and Obama punching bag leading up to the midterms.

But the Beltway-based Chamber of Commerce is too often a fair-weather statist lobbying organization. It supported the TARP all-purpose bailout, the auto bailout and the bottomless, pork-filled stimulus package, all of which have forcibly redistributed money from taxpayers and small businesses to politically connected special interests (including Daley’s J.P. Morgan, which was most recently swept up in a massive pay-to-play bond scheme in Alabama).

Daley has about as much real experience creating jobs as Da Boss now sitting at 1600 Pennsylvania Ave — which is to say, less than a thimble full. (It’s a New Year. I’m being generous.) In 2009, the head of Chicago’s sanitation department implicated Daley in a hiring corruption scheme tied to his brother’s mayoral administration. The official was convicted; Daley shrugged off the federal probe. “Even if it happened — and I’m not saying it did — things were different. There was nothing illegal about that stuff.”

Instead of distancing himself from the favor-trading Wall Street fat cats who have earned the ire of both anti-bailout tea party activists and anti-corporate liberals, Obama remains wedded, embedded and indebted to the worst kind.

Daley has served on the board of government-sponsored financial behemoth Fannie Mae since 1993. Like the Richard Daley machine in Chicago, Fannie Mae in Washington has served as an industrial-sized patronage factorysharing profits with political allies, spreading taxpayer funds to ethnic groups, and doling out jobs to left-wing academics, Washington has-beens and back-scratching buddies. Like Daley. And close Obama adviser Jim Johnson, the Fannie Mae exec who got sweetheart loans from shady subprime lender Countrywide.

While they raked in six-figure salaries, Fannie Mae and government-sponsored sibling Freddie Mac engaged in Enron-style accounting, plunged into debt and helped usher in the subprime housing meltdown through reckless lending practices.

Bill Clinton, the man who appointed Daley to the Fannie Mae board, also appointed Emanuel to the Freddie Mac board of directors at a time when its oversight manager called the quasi-governmental agency “so pliant” that it enabled rampant book-cooking. Freddie Mac’s stock skyrocketed; its CEOs helped themselves to massive bonuses. Emanuel’s hometown paper, the Chicago Tribune, exposed how Emanuel’s “profitable stint” during this corruption-plagued period entailed almost no work:

“The board met no more than six times a year. Unlike most fellow directors, Emanuel was not assigned to any of the board’s working committees, according to company proxy statements. Immediately upon joining the board, Emanuel and other new directors qualified for $380,000 in stock and options plus a $20,000 annual fee, records indicate.”

On Emanuel’s watch, executives told the board of a plan to use accounting tricks to mislead shareholders about outsize profits the government-chartered firm was then reaping from risky investments. The goal was to push earnings onto the books in future years, ensuring that Freddie Mac would appear profitable on paper for years to come and helping maximize annual bonuses for company brass.

And now the torch may be passed in an endless Windy City circle, from Daley to Emanuel, from Emanuel to Daley, with Obama supplying the lighter.

And ’round and ’round it goes in Chicago on the Potomac. Remember: When Crony State corruptocrats brag about “job creation,” the only jobs they’ve ever created are each other’s.

***

Like I always say: You can take Obama out of Chicago. But you can’t take the Chicago out of Obama.

The Chicago Tribune’s indefatigable chronicler of corruption John Kass is having a field day with the William Daley trial balloon:

The Emanuel appointment was the first honest indicator that the Obama White House had a new Washington address:

1600 Chicago Way.

And a Daley appointment will punctuate that. For all the blah-blah-blah about Billy Daley bringing Obama to the center, there’s one thing the analysts forget.

To the Daleys, the political center is Chicago, their ancestral land.

So Billy goes out to Washington to run Barack’s government, and Rahm — the guy Billy’s been supporting for mayor — slides in to run Chicago for Billy’s brother, Mayor Richard Daley.

I asked a Chicago alderman about this when I bumped into him on Tuesday.

“I was talking to my wife about it, and we were saying, is this some kind of plan?” said the alderman. “Rahm runs the city. Billy runs the White House. I mean, really.”

Don’t get upset about it. And stop with the cynicism. The last thing we need is another trip to Negativity Land. Instead, let’s just trim some more tender Hopium leaves from that Happy Obama Chia head green-fro and light up.

Tamp down that bowl. A Daley from Chicago fixing “the broken politics of the past” in the reform Obama White House?

Awesome, dude.

“Bill is a friend of mine,” Emanuel told reporters at City Hall on Tuesday. “We worked together when I was in President Clinton’s White House. … He remains a good friend of mine, and he’s quite capable.”

Clearly. And if it was fitting to have Daley machine guys running Obama’s Chicago Way White House, isn’t it even more fitting to have a real, honest-to-goodness Daley in there running things?

Still, we shouldn’t stop with just one Daley. Rich will need a job, too. He can’t spend all his time on corporate boards or at Grand Beach on the phone with Rahm, telling him what to do.

How about Richard Daley, attorney general?

***
Daley machine flashback: The Chicago way: “Why are we having a fire sale on everything in the city?”

Chicago crony flashback: The resurrection of Rod Blagojevich

Chicago crony flashback: No shady banking buddy left behind

Chicago crony flashback: Corporate shills for hope and change

Chicago crony flashback: Michelle Obama: “Private” citizen with piles of public perks

Chicago crony flashback: The shady Shorebank bailout

Chicago crony flashback: Chicago shuffle in the East Wing: Meet Mrs. O’s high-powered, Soros-friendly bundler-turned-chief of staff

Chicago crony flashback: No peace in Chicago’s Altgeld Gardens: What Obama and Jarrett left behind

Daley machine flashback: How do you spell wealth redistribution? Tax-increment financing

Chicago crony flashback: Gibbs on Chicago Olympics Crony bid: “Tangible economic benefits;” Jarrett seeking federal HUD funds

Chicago crony flashback: An illustrated guide: All the president’s Olympic cronies

Chicago crony flashback: Olympic-sized boondoggle: What Valerie Jarrett and Michelle Obama are up to

Chicago crony flashback: What the NYT’s 8,100-word Valerie Jarrett profile didn’t tell you

Chicago crony flashback: Axelrod’s profits: Uh, who’s on the take from the drug lobby again?!?!

The FDA’s Death Panels

The FDA’s Death Panels

January 6th, 2011

Gene Koropowski, WorldNetDaily

Former Alaska Gov. Sarah Palin last year created a nationwide furor when she predicted that ObamaCare would lead to the creation of “death panels” that would decide who would receive life-saving treatments – or be allowed to die.

Now Obama’s health policy team stealthily is moving forward with that idea, WND has learned.

And this development has nothing to do with proposed rules that would have called for doctors to have “end of life” discussions annually with senior citizens. Those plans were dropped from ObamaCare because of public outrage, then slipped into administrative rules, then removed once more in just recent days when the public discovered what was going on.

This new development involves Obama’s political appointees at the powerful Food and Drug Administration, who appear to have started making life or death choices for Americans in 2010 using the cost of a therapy, apparently, as a primary criterion for acceptance or rejection, critics have told WND…

“The FDA denies that cost had anything to do with the ultimate decision against approval,” Greg Conko, a senior fellow who tracks the FDA at the Competitive Enterprise Institute, a free-market think tank in Washington, D.C., told WND.

“But many of us fear that FDA may in fact be slowly but covertly moving in that direction,” he said.

According to statistics released by the FDA on its website, new drug approvals declined dramatically last year. Drugs with the potential to treat cancer and other maladies were not approved by Obama’s regulators for mass marketing. FDA approved a mere 21 new drugs for sale in 2010, down from 25 in 2009.

Read more.

Major scientific fraud uncovered

Major scientific fraud uncovered

Thomas Lifson

An influential study linking childhood vaccines to autism has been exposed as a fraud, funded by lawyers hoping to sue vaccine makers. CNN reports:
A now-retracted British study that linked autism to childhood vaccines was an “elaborate fraud” that has done long-lasting damage to public health, a leading medical publication reported Wednesday.
An investigation published by the British medical journal BMJ concludes the study’s author, Dr. Andrew Wakefield, misrepresented or altered the medical histories of all 12 of the patients whose cases formed the basis of the 1998 study — and that there was “no doubt” Wakefield was responsible.
“It’s one thing to have a bad study, a study full of error, and for the authors then to admit that they made errors,” Fiona Godlee, BMJ’s editor-in-chief, told CNN. “But in this case, we have a very different picture of what seems to be a deliberate attempt to create an impression that there was a link by falsifying the data.”
Britain stripped Wakefield of his medical license in May. “Meanwhile, the damage to public health continues, fueled by unbalanced media reporting and an ineffective response from government, researchers, journals and the medical profession,” BMJ states in an editorial accompanying the work.
Many parents were panicked into foregoing childhood vaccinations as a resylt of this fraud. One example of the consequences:
In the United States, more cases of measles were reported in 2008 than in any other year since 1997, according to the Centers for Disease Control and Prevention. More than 90% of those infected had not been vaccinated or their vaccination status was unknown, the CDC reported.
The author Wakefield was paid by law firms which planned to sue vaccine makers.
According to BMJ, Wakefield received more than 435,000 pounds ($674,000) from the lawyers.
The sad truth is that science, one of the crowning achievements of western civilization, is seriously endangered because of fraud. This study is the tip of the iceberg. Global warming research, explicitly designed to find certain outcomes (“hide the decline”)  comes to mind.

Page Printed from: http://www.americanthinker.com/blog/2011/01/major_scientific_fraud_uncover.html at January 06, 2011 – 09:23:18 AM CST

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