Lies Obama Told Me…

Well, he told all of us really, but same point. People ask when I was turned off TOTUS as a candidate, and why I found myself on the opposing side from my party after a lifetime of downticket Dem voting…Feels like we’re Barely Breathing like the Marathon Man under this Administration and it is only 100 days:

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May 4, 2009. Tags: , , , , , , , , , , , , , , , , , , , , , , . Economy, Film, Music, Obama Administration, Politics, Popular Culture, TARP, Taxes, Uncategorized, Wall St. Comments off.

Geithner in the Hot Seat…Zombie Banks….

Kerry quoted Krugman on Gotham and ZOMBIE BANKS……

UPDATE 11:05am EST:  Markets have gone from DOW up 150 to break even….Some substantive questions now, asking about GM second payment which GM announced yesterday it needs asap…I want to be assured that BofA will survive, ya know as a shareholder, BofA is held by pension funds…and what about the HOLC!!…

GOP -Bennett UT-opens with an entitlement reform question..surprize surprize surprize….is my GEN X going to have our retirement age pushed back AGAIN!! PEBO claimed no no no all during the campaign and OBOTS attacked commenters left and right for raising SS payroll taxes and retirement age changes promoted by PEBO advisers….we shall see….word fog response…now following up with corporate tax rate reduction question, ah gotta love that about the GOP they are predictable….he tosses it back, they want it to come from Congress, yeah wouldn’t want any blame to stick to ’em would we? BWAAAHAAAAAA!

CPSAN has it live HERE..so not only did he neglect to pay his self employment taxes (right up until the day before he was announced, yeah head of NY FED hadn’t paid his back taxes!!) , but he also tried to deduct his kids sleepaway camp…uh huh..he didn’t KNOW that wasn’t deductible..uh huh..yeah shure….

the TAXMAN gets ready to COMETH….

ASK HIM ABOUT THE AIG AND CITI BAILOUT HE PUT TOGETHER FOR GAWD’S SAKES!!!! GET CONFIRMATION TARP TWO IS FOR HOUSING!!!!

he says they were ‘careless mistakes’ and he has paid what he owed, yeah but they didn’t charge him FINES OR FEES. Jane America, ie moi, pays FINES AND FRAKIN FEES….it’s the FINES AND FEES THAT KILL YA IN FACT….

CAN WE JUST FIX HOUSING FOR CRIPES SAKE? HUH HUH CAN WE, GOOD GAWD!!!!?!!

They pulled out the big guns to introduce him, ie get him past his ‘tax troubles’…Volcker, the FED Chief during the Gipper’s run….(no one EVER mentions he was there for CARTER too!!!)

Our previous posts on Geithner and TARP Deux & PEBO Stimulus or as we at MiM call it – “fix housing!- Duh!” here and here and  here and here and here and here and here and here and here and here and even here

Yeah, yeah okay, next time I have an ahem AUDIT, dum dum da dum!! (anyone else remember that Roseanne episode? lol) anywho, next time I am asked to pay FINES or FEES, I will be sure to ask for the Geithner Treatment, a pat on the back and a promotion…..Geithner introducing his wife and father, yeah he is getting confirmed..

But that nitwit Cornyn delayed Hill’s confirmation cause you know Big Dawg is helping the frakin WORLD and we can’t have that..

frakkers..

tsk tsk GOP will make hay later…..Hey IRS don’t come to Moi looking for any fines or fees evah evah again and then we can let this guy in okay? good we have a deal!! and ps FIX THE FRAKIN HOUSING!!!!

January 21, 2009. Tags: , , , , , , , , , , , , , , , , , , , , , . CITI, citigroup, Economy, FDIC, Finance, Foreclosures, Housing, Labor Department, Music, Obama Administration, Politics, TARP, Unemployment Statistics, Wall St. 4 comments.

Breaking:Burris certified by Senate…will be seated…Lonesome Loser Reid strikes out again….

Yes, Harry Reid has once again, folded like a cheap suit.

Lonesome Loser LRB courtesy of  kirknjoni

Update: Official walkback statement now out via ACE HQ and ChicagoTribune/WGN:

“Barring objections from Senate Republicans, we expect Senator-designee Burris to be sworn in and formally seated later this week,” said a joint statement from Senate Majority Leader Harry Reid and Assistant Majority Leader Dick Durbin.

The Senate Democratic Leaders had told Burris last week that he needed to testify before the Illinois House impeachment committee about his relationship with Gov. Rod Blagojevich and submit a signature from Illinois Secretary of State Jesse White certifying his appointment by Blagojevich.

“We have spoken to Mr. Burris to let him know that he is now the Senator-designate from Illinois and as such, will be accorded all the rights and privileges of a Senator-elect,” said the joint statement.

Breaking now on FOX, (confirmed by Carl Cameron says Cavuto FWIW…)

“Burris certified by U.S. Senate Officials to Fill Vacant Seat…”

You know what we would say back in Brooklyn don’t you? That was mighty white of them…

Sorry but hell it was a witch hunt by the end and Reid had NO BUSINESS pulling this parliamentary CRXP, when

a. The US Senate, despite what some may suppose, does NOT have the right to question the appointment/election of a Senator that has been certified by the state under the requirements of the state’s constitution, beyond the general eligibility requirements

b. Frakin Harry better git his axx to work on Nevada’s foreclosure crisis or maybe go sit in the frakin meetings with Summers and Geithner and see WTH is going on and write a plan, you know show some LEADERSHIP on the real issues..

but where did wrong way reid lead us?? Bravely off into a FRAKIN DEAD END YET AGAIN..

And congratulations to Senator Burris who should have been seated two weeks ago and at the latest Friday after IL SC confirmed the SoS has ALREADY certified Burris via the entry into the state records…

Our previous posts are numerous, please use our search function

The Junior Senator of Illinois, Mr. Roland Burris

The Junior Senator of Illinois, Mr. Roland Burris

January 12, 2009. Tags: , , , , , , . Finance, Foreclosures, Housing, Obama Administration, Politics. 1 comment.

Go Back Jack, Do it Again…Another 350B…PEBO asks for TARP Tranche Two

(courtesy of Melegorm)

Finally the frakin letter itself!

To be ABSOLUTELY CLEAR HERE, LOL, this is Team PEBO, which is largely comprised of UofC (Fuhrman, Goolsbee both in the meeting with DEM Senate leadership yesterday-the bill in question is coming from the House) and moderate Capitalists (Summers et al) , certainly not economic lefties, snark..

anywho, this is an attempt to head off the legislation Barney Frank has a hearing scheduled on tomorrow. The LETTER is a loose framework of nice words and means nada, I hope Barney passes this legislation before he hands over ANOTHER 350B of the taxpayer dollars with nary a string and a handshake and a letter. He should have learned from the first tranche.

Different players, same story. They are not really that different are they? It is Geithner incoming Treasury Secretary who ran the AIG and CITI bailouts after all….

PASS THAT LEGISLATION BARNEY! Don’t give them the dough without protecting taxpayers this time!!

Update 5: The letter via WGNtv :

President-elect Barack Obama’s top economic adviser tells Congress that the need for the remaining $350 billion of the financial bailout package is “imminent and urgent.”

Larry Summers has written a letter to the bipartisan leadership of the House of Representatives and the Senate to assure lawmakers that the money will be used to help community banks, small businesses, consumers and homeowners as well as large financial institutions.

And more interesting background from KTTC Rochester (via Politico):

Emerging from a two-hour meeting in the Capitol with Obama advisers Lawrence Summers and Jason Furman, Senate Democrats praised the President-elect’s team for agreeing to make changes to its stimulus proposal based off of concerns senators raised last week at a meeting with the president-elect’s senior aides.

The Obama team told about 35 Senate Democrats gathered at Sunday’s meeting that it would grow the size of an energy-tax incentive package and modify proposed tax credits for individuals and for businesses that hire new employees, according to meeting attendees. Also, with lawmakers raising concerns that the first half of the $700 billion of the financial rescue law was badly mismanaged, Obama’s team signaled it would lay out precisely how it would spend the second half of that package, which Congress is expected to consider as soon as this week.

“It’s very clear they’ve listened, they’ve heard and that they’re moving to respond,” said Sen. Kent Conrad, chairman of the Budget Committee, who questioned previously whether the tax credits in the stimulus package were enough to encourage new jobs. “It was very, very healthy. They’re not defensive, not arguing back, they’re listening, they’re attempting to hear and they’re responding.”

Update 4: 12:48pm EST: Update on the ‘letter of understanding’ via FoxBusiness:

The letter includes provisions that would loosely commit the Obama administration to use TARP funds to help troubled homeowners avoid foreclosure; to adopt tougher executive compensation limits and corporate governance standards for firms that participate in TARP, and increase reporting, oversight and disclosure requirements in the program.

The letter would allow the president-elect and Congressional Democrats to avoid a potentially embarrassing veto fight in Mr. Obama’s first weeks in office. The Treasury has spent or committed all of the $350 billion funding in the first half of the $700 billion TARP. To get authorization for the last $350 billion, the president — Bush now, or Obama after he takes office — must submit a report to Congress outlining how the Treasury would spend the money. The funding will be authorized automatically unless Congress votes to approve a “resolution of disapproval” within 15 days of receiving the report.

But the president could veto the resolution. Then to stop the funding, Congress — controlled by the president-elect’s own party — would have to override the veto with a two-thirds vote in the House and Senate.

While sources believe the next $350 billion will come regardless of how the process unfolds, a veto and effort to override it “would set up quite a mess the first weeks in office” for Mr. Obama, a financial industry source said. “That would be a disaster politically.”

Update 3: Larry Summers sending a ‘letter’ FOX reporting -vaguely – that letter indicates they (PEBO Team?) want to get more funds to Main St…

For a GREAT piece on how liberals are viewing the recent PEBO Team activity, read Jimmy Pethokoukis’ column here:

…But it’s Obama’s $800 billion American Recovery and Reinvestment Plan that will be ground zero in this coming liberal internecine battle. “Way too much Reagan, not nearly enough FDR,” griped some key liberals about a plan that would, in addition to the tax cuts, still provide a whopping half-trillion dollars over two years in government spending for infrastructure, healthcare, education, clean energy, grants to states, and aid to lower-income and unemployed folks.

Some of their greatest hysterical hits: 1) “The economic plan he’s offering isn’t as strong as his language about the economic threat,” wrote NY Times columnist Paul Krugman. “In fact, it falls well short of what’s needed”; 2) the Center for American Progress, a liberal think tank founded by Obama transition co-chair John Podesta, said the Obama plan was chock-full of “special interest favorites” and “long-discredited conservative proposals”; 3) Sen. Tom Harkin said Obamanomics “still looks a little more to me like trickle-down,” invoking a Reagan-era economic invective that liberals love to hurl; and 4) Nancy Pelosi, who seems to actually believe the Obama campaign spin that the Bush tax cuts somehow caused the recession, blurted out this gem: “Put me down as clearly as you possibly can as one who wants to have those tax cuts for the wealthiest in America repealed.” Duly noted, Madam Speaker.

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January 11, 2009. Tags: , , , , , , , , , , , , , , , , , , , , , , . Economy, Finance, Foreclosures, Housing, Obama Administration, Politics, TARP, Wall St. 1 comment.

CITI tries to raise cash…PEBO to keep Kashkari on for TARP…(Congressional Critters Heads explode/snark off)

Well, this is unbelievably tone-deaf IMO. They are off their game at Camp PEBO…Congressional Dems (or GOP for that matter) cant STAND Kashkari or anything having anything to do with Paulson and the switch n bait anything but housing approach of TARP. It needs a new face, and Geithner and Summers ain’t new. Send Sheila Bair, we all love Sheila Bair :0)

From WSJ:

Timothy Geithner, President-elect Barack Obama’s pick for Treasury Secretary, has asked Neel Kashkari and James Lambright to remain with the Obama team for several weeks to assist with the transition, these people said.

The decision to keep two members of Treasury Secretary Henry Paulson’s team, even for a short period, could rile lawmakers angry over Mr. Paulson’s handling of the $700 billion bailout. The Obama administration is working to revamp the financial rescue and erase some of the stigma associated with the bailout.

Oops! no idea how that got in there, maybe b/c Prince John and Cousin Hiss remind me of Hank Paulson and Neel Kashkari…..(courtesy of Walt Disney and loubear)

Paulson and later the ever-polite, self-effacing henchman Kashkari (another Golden Slacks, I mean Goldman Sachs executive) who appeared on the Hill with absolutely no good reason why they would not implement Sheila Bair’s (of FDIC) housing plan…

Wow, really, this is in error. Just today Barney Frank was appearing on CNBC, see our video sidebar, talking about the implementation of new harsh requirements to access TARP Tranche Deux by the incoming Administration.

They were burned BAAAD in the long con by Hank and now they have to see Kashkari again? We need the damn thing to pass! Oh good gawd, anything Kashkari presents is going to be slammed down HARD by these Congress Critters and who the hell can blame them?

(more videos of Kashkari before Congress after the break)

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January 9, 2009. Tags: , , , , , , , , , , , , , , , , , , , , , , , . Cabinet, CITI, citigroup, Economy, FDIC, Finance, Foreclosures, Hillary Clinton, Housing, Labor Department, Obama Administration, Politics, TARP, Unemployment Statistics, Wall St. 3 comments.

PEBO announces Intel picks: Blair, Panetta and SUPRIZE! Brennan is back….

hedinsand

PEBO having presser now. He announces the appointment of Blair and Panetta, see our previous posts on those two appointments here and here

He also slips in BRENNAN as his Assistant to the POTUS for Natl Security, niiiiice. Yeah fake them out with Panetta,  then stick Brennan in an unconfirmable spot. Change eh? BWAA-HAAA-HAAA!!!!

From CNN:

Obama also named former CIA official John Brennan as White House homeland security adviser and deputy national security adviser for counterterrorism.

Brennan will face the task of reviewing whether the Homeland Security Council, created after 9/11, should be folded into the National Security Council or remain a separate entity in the White House.

Brennan will hold the title of assistant to the president, a sign that he will report directly to Obama.

If you don’t know the background on Brennan, go read Jeralyn and BTD at TL here

Q/A: PEBO just said if Paul Krugman has an idea he will do it, WELL HELL PEBO OPEN THE NEWSPAPER DAMMIT! Krugman has been writing columns like crazy!

January 9, 2009. Tags: , , , , , , , , , , , . Cabinet, Economy, NAVY, Obama Administration, Politics, Terrorism. Comments off.

Update: LIVE on CSPAN3: Hilda Solis Confirmation Hearing for Labor Secretary on CSPAN…

UPDATE: It was a breezy confirmation….

UPDATE: Watch now on CSPAN3, Teddy is in da house, view here

Look for LOTS of questions about card-check, immigration and work visas…

We will cover it here…it will be carried on CSPAN

See our earlier post on this appointment here

solis

January 8, 2009. Tags: , , , , , , , , , , , , . Cabinet, Economy, Finance, Immigration, Labor Department, Obama Administration, Politics, Unemployment Statistics, Wall St. Comments off.

LIVE on CSPAN: Witch-Hunt, alternatively titled, the Illinois State Legislature Impeachment Panel questioning Burris…

Update: Aww it just ended! Well God Bless Burris man, he did a yeoman’s job of it…go to CSPAN library for archived footage later….

WATCH ON CSPAN LIVE (have an airsickness bag ready)

Listen, I am the last person to scream witch -hunt, but after watching this for over an hour, it’s a G-D witchhunt and I feel for Burris.

He has said a hundred times there was no discussion of any exchange personal, legal, political, financial, material in quid pro quo or not for accepting this appointment.

The IL GOP has decided to go to town and are asking Burris what Harry Reid and Dick Durbin or ANY state or National Democratic operative said to him about 2010..they are SO SO SO far afield it is ridiculous.

THIS is why political impeachment without rules of law applied is a joke, a frakin disgrace. This has ABSOLUTELY NOTHING to do with impeaching Blago, this is an attack on Burris by some Dems as well. Frak them, it is HIS SEAT dammit.

And YES I get the difference b/w political and legal,. but when a political with-hunt prevents the PEOPLE from having representation while taxation is flying thru Congress, it violates the people’s RIGHT, LEGAL CONSTITUTIONAL RIGHT to representation, so there!

See I am a pretty good indicator of the general public and I am ready to march on Springfield to wave a banner for Burris myself, HA! LOL, yeah they aren’t making any friends and this IS looking WRONG IMO…just WRONG….

they often break into yelling at each other across the panel while Burris sits calmly waiting for the dust to settle…they are asking ridiculous questions over and over and over again, no matter how many times he answers, the Chairwoman the Dem is not helping at all, is she under orders from Reid to let Burris be scuttled or just a failure as a leader? I dunno….

burrisforgov

January 8, 2009. Tags: , , , , , , , , . Obama Administration, Politics. Comments off.

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