My Politically Incorrect Point of View

The Democrats have to find a way to pay for all their entitlement programs, so now they are looking to add a TAX to stock transactions. Living up to their name, “tax and spend”, Democrats need these new taxes to possibly pay for a new “jobs bill.” I know. Most are scratching their heads and asking the question Obama needs to answer: “Wasn’t your January stimulus bill supposed to be a “jobs bill?”

The Hill reports:

The idea is attractive because it’s very small, likely 0.25 percent of each trade. And since Wall Street is perceived by many as having caused the economic slump, brokers have little political standing to try to stop it.

 It also has the support of the nation’s largest labor union.

The AFL-CIO, one of the Democratic Party’s most powerful allies, suggested the idea in August. The group’s policy director, Thea Lee, estimated the tax could raise between $50 billion and $100 billion per year.

Of course. There’s the reason. The labor union is behind it.

Since taking the oath of office, Obama and his Democratic cohorts, have rewarded these unions with billions of dollars. Andy Stern, head of the SIEU, has been Obama’s number one visitor. Our country is being driven into debt to pay off these unions that helped Obama get elected.

The proof is right there for all to see. T.A.R.P. was used to pay off Wall Street and the unions over the auto industry. The stimulus was another program that failed America but rewarded the unions. Now that the first “jobs bill” didn’t work, these “tax and spend” liberals want to tax another group of Americans to fund another “jobs bill.”

Nancy Pelosi and Steny Hoyer are two of the biggest idiots running the government. The first stimulus didn’t do it’s proclaimed job of creating jobs, so these two libtards want a second shot. On top of that, they are already planning to extend unemployment benefits for a second time.

Now for the Obama faithful…if the stimulus worked, there would be no need for another jobs bill or extending unemployment benefits. The stimulus is a total, absolute failure. For those who believe that Obama won’t raise our taxes, not one dime, you’re about as dumb as Pelosi and Hoyer.

The list of allies Obama has sold out continues. First it was the U.K. that got snubbed by Obama. Then Obama’s foreign policies started favoring our enemies over our trusted allies. It continued with Poland and the Czech Republic, moved on to Honduras and then Colombia. Now Obama appears to have sold out Taiwan to our new friends in China.

Reuters reports:

Chinese President Hu Jintao hailed U.S. President Barack Obama’s recognition of sovereignty issues dear to China, after a bilateral meeting in Beijing on Tuesday.

“China approves of President Obama’s repeated reiteration of the one-China principle,” Hu told reporters.

Hu referred to China’s “sovereignty over Taiwan and other matters” during a state visit in which some Western analysts had predicted that China would also demand an explicit declaration by Washington of China’s sovereignty over the restive frontier regions of Tibet and Xinjiang.

Obama has to kiss that communist ass because China holds trillions of dollars of U.S. debt. Just another example of Obama selling out a close ally for political gains. What ally will Obama sell out next?

Talk about moving at a snail’s pace. Eleven months after taking office, the Obama administration now wants to create a task force to fight financial crime.

Reuters reports:

President Barack Obama signed an executive order directing the task force, led by the Justice Department, to investigate and prosecute financial crimes connected to the past year’s financial crisis and to try to deter future fraud.

The Obama administration created a new task force on Tuesday to crack down on financial fraud, an increasingly important political issue after a spike in mortgage scams and big Wall Street trading scandals.

The first person that should be charge is Obama himself for running up $1.4 trillion in deficit spending. Then he should be charge for appointing Timothy Geithner as Treasury Secretary. The next suspect is Timothy Geithner himself.

A NY Times article pointed out that TurboTax Tim was responsible for over-paying AIG during the bailouts. Neil Barofsky, Inspector General over the TARP bailouts, reported that an audit of AIG showed Geithner “paid A.I.G.’s partners 100 cents on the dollar to tear up their contracts with the insurance giant.” Taking from the taxpayers and paying 100 cents on the dollar should be considered a crime. There is no difference between what Geithner did and what Bernie Madoff did.

The bad news…

This new task force will be under A.G. Eric Holder. Don’t expect any of the things I’ve mentioned above to be investigated. This DOJ dropped charges against the New Black Panthers Party and even had video evidence. Dont expect much.

Asked why the administration which took office in January had not created the task force earlier as the financial crisis has ebbed, Holder said, “It took a great deal of time to put all the pieces together.”

Treasury Secretary Timothy Geithner said that in addition to prosecuting fraud, the financial system must also be overhauled to address the problems that created the crisis. Congress is now weighing a package of reforms.

“We can’t wait for problems to peak before we respond,” Geithner said. “We’re seeking a comprehensive financial reform to create a more stable, safe financial system and stepping up our enforcement strategy.”

He also took a swipe at the Bush administration, saying “enforcement resources were not mobilized on a major scale until extensive damage had already been done.” 

That is tragically funny coming from a guy that was one of the major players in this “crisis.” The Obama administration will run away from this issue fast and just sweep it under the rug. That’s what he meant by “the most transparent administration in history. It’s all for political show.

This pretty much says it all…

Wonder if CNN and Wolf Blitzer will fact-check this video?

Remember when John Kerry (D-Mass) “voted for it before I voted against it?” Remember when Kerry was the top flip-flopper [Obama has taken that title]? Here is another video of John Kerry using junk science to debunk his own junk science.

You know your policies are bad for America when Communist China questions the cost of ObamaCare. Gotta love Chinese teabaggers because they have a rich history of “teabagging” and loving their tea.

I’m sorry, I meant you gotta love our bankers, since China holds most of our debt. Why do you think Obama is visiting China? We have to keep them happy and beg them to buy more of the debt being piled-up by Obama and the Democratic party.

The Chinese are curious, like most Americans, about how Obama’s health care reform will impact our deficit. That same deficit just topped $12 trillion and Obama wants Congress to raise the debt-ceiling to $13 trillion. A little fact: China holds about $2 trillion dollars of our debt.

China, like the “teabaggers” they are, seems to doubt Obama’s claims that his healthcare reform plan will not add one dime to the deficit. They must be just right-wing racists to question America’s Dear Leader. So much hate at a time where hope and change is needed [major sarcasm].

Reuters reports:

 ”a new study from the U.S. government’s Centers for Medicare and Medicaid Services finds that the healthcare reform bill recently passed in the House of Representatives would increase healthcare spending to 21.3 percent of GDP by 2019 compared with 20.8 percent under current law. That’s bending the curve the wrong way. The study also questions the “long-term viability” of the $500 billion in Medicare cuts meant to help pay for expanded insurance coverage.

In addition, the CMS study gives a clearer cost estimate than the one provided by the Congressional Budget Office. According to the CBO, the 10-year cost of PelosiCare is $894 billion. But that analysis includes early years with little government spending, According to the CMS, the House approach would cost $1 trillion from 2013-2019, or some $140 billion a year when fully put into effect.”

Maybe China will hold tea party protests, and since they hold $2 trillion of our debt, maybe Obama and his followers will open their eyes and see the truth. An old Chinese proverb: “Take your head out of your ass and smell reality.” OK, that is a proverb I created. Feel free to put it in a fortune cookie.

We all know those liberal/progressives love welfare. Obama, and most L/Ps in general, love entitlement programs. They also love spreading the wealth. Your wealth.

The Heritage Foundation published an interesting article about how ObamaCare will put 1/5 of America on Welfare. How else would force citizens to depend upon the government? Take away their money, then turn around and offer them everything for “free.”

Medicaid is a means-tested welfare program created in 1965 to provide health care for low income families. Despite the fact that it is one of the most poorly performing of all the federal welfare programs it has become the cornerstone of how health insurance is expanded under Obamacare. The Health care “reform” bills advancing in the House and Senate would expand Medicaid by making this government-run health plan available to all adults with incomes at or below 150% of the poverty line.

 The change would dramatically multiply eligible recipients, with 46 states seeing increases of at least 20%, including 16 posting jumps of 50% or more. Almost 21% of the entire U.S. population would be eligible for Medicaid and seven states and the District of Columbia would have eligibility rates of at least 25%.

OOPS. I MEANT GREEDY WALL STREET LOVING DEMOCRATS

 The Huffington Post (yes I read it for the pictures) published an article today titled “The 15 Biggest Congressional Recipients of Wall Street Campaign Cash. Out of those 15, 11 are Democrats. Change we can believe in? Taxpayers are angry and asking why Wall Street received bailouts, while they just got the bill. It’s simple… Campaign Cash + Votes=Bailouts for Wall Street. Bailouts for Wall Street minus (-) trillions of dollars=pissed off taxpayers footing the bill.

Don’t Liberals always claim that it’s the Republicans who care more about Wall Street than Main Street? These are the same liberals who claimed Republicans were greedy capitalist who loved big banks and corporations while keeping the poor citizens down. This report shatters those lies and points out the truth that Democrats are the corrupt asshats who are selling out the American taxpayer to make a lot of greenbacks.

Here is the list:

#15 Barney Frank (D-MA) — $387,749

#14 Carolyn Maloney (D-NY) — $396,750

#13 Ron Wyden (D-OR) — $404,750

#12 John Thune (R-SD) — $407,950

#11 Jim Himes (D-CT) — $430,123

#10 Richard Shelby (R-AL) — $502,150

#9 Blanche Lincoln (D-AR) — $515,000

#8 Eric Cantor (R-VA) — $516,197

#7 Arlen Specter (D-PA) — $552,175

#6 Mark Kirk (R-IL) — $557,375

#5 Michael Bennet (D-CO) — $612,804

#4 Chris Dodd (D-CT) — $752,698

#3 Harry Reid (D-NV) — $1,038,210

#2 Kirsten Gillibrand (D-NY) — $1,173,400

#1 Charles Schumer (D-NY) — $2,167,300

 Remember the Democrats, lead by that blow-hard [pun intended], Barney Frank, telling anyone and everyone that would listen that “Fannie Mae and Freddie Mac are not in a crisis?”

We all know how that turned out. The taxpayers had to bailout both of these Government Sponsored Enterprises, commonly called GSE’s. Fannie Mae received $34.2 billion of direct government taxpayer support while Freddie Mac has received $51.7 billion.

After receiving these huge bailouts, Fannie asked for more bailout money this month. It’s not a big deal. Fannie just needs an extra $15 billion to cover a $19.8 billion third quarter loss.

Now the Federal Housing Administration’s capital reserves have fallen $3.6 billion, or 1/2 of 1 percent. Will there be another bailout? You can bet your falling dollar.

What is the difference between these 3 organizations. Freddie and Fannie secures the mortgages and the FHA insures them. Many claim, myself included, that the economic troubles we find ourselves in today, are directly tied to the failures of Fannie and Freddie. Their policies of awarding mortgages to people who had no jobs, no monthly income and no credit led to the housing market bubble burst.

Who is the man over these programs? Uhuh…you guess it…Barney Frank. Doesn’t that make you feel safe and secure? The man who proclaimed that there was no crisis with Freddie and Fannie is still running the show. That’s the way our government works.

Almost forgot. The FHA is run by Shaun Donovan who just happens to be a close associate of ACORN. Close as he use to work for them. That gives us two corrupt individuals controlling hundreds of billions of taxpayer dollars. Now bend over and smile.

A few things you may or may not have read this morning…

Item #1- Good News: GM (Government Motors a.k.a. ObamaMotors) to start repaying $6.7 billion U.S. government loan. Bad News: Obama will give this all back to the unions.

Item #2- More Obama double-speak: Obama to China: Uncensored society is healthy. Unless you’re against Obama’s policies or Fox News, the Associated Press or Edmunds.com. Did I mention “net neutrality” or the “fairness doctrine?”

Item#3- Obama and world leaders admit that no climate-change bill likely by years end. Its kind of hard to trick people into believing “global warming” when the earth has been cooling for 10 years. Looks like Al Gore will have to wait for his “green” billions.

Item #4- RAT Board to get involved with Obama’s fuzzy math numbers with the stimulus. Can you say saved and/or created myth?

Item #5- Obama spoke about himself (shocker!), Lincoln and Martin Luther King Jr., to Chinese students during a town hall meeting. We all know, Obama loves talking about Obama. Oh, and Obama apologized for America…again.