Morning Glory Problem

Chris “Tinkle Up my leg” Matthews (MSDNC) on Obama:

http://tv.breitbart.com/thrill-is-gone-matthews-turns-on-obama-i-hear-stories-that-you-would-not-believe/

Fascinating…

More Peter Schweizer: http://www.breitbart.tv/glenn-beck-interviews-peter-schweitzer/

http://www.cbsnews.com/video/watch/?id=7388130n

If you have connections, however, you can game the system to your advantage. As government grows larger and larger, the influence of special interest becomes entwined within the bureaucracy. It’s like allowing Morning Glory to grow in you flower bed. At first, the plant might stay where you put it and help populate your trellis with a blanket of leaves and the morning flowers. Left unchecked, however, it will quickly take over everything within reach and begin altering the intended appearance of your flower bed. If left to go to seed, you will spend the rest of your life trying to keep it from coming up every spring.

Our government has reached the stage of a garden overrun with Morning Glory. It can no longer be contained within its intended boundaries. It has morphed into a hideous weed that threatens to destroy any appearance of a garden. It’s now providing cover for other undesirable elements like rodents and herbivores, which we call lobbyists and legislators. Mosquitoes and bureaucrats hide in the shade of its leaves during the day and then attack us at nightfall.

There is only one answer to correcting such a state. The garden must be completely uprooted an tilled over before you can replant. It might take a few seasons to rid yourself of unwanted growth, but in time, the garden will once again take on its intended appearance. Never again can Morning Glory be allowed to take hold.  (roderic deane)

Prior to the release of Breitbart editor Peter Schweizer’s blockbuster book, Throw Them All Out, legislative efforts to pass a bill banning insider trading by members of Congress had floundered.

But all that is changing—and fast.

Congressman Tim Walz (D-MN) says that before the 60 Minutes report on Schweizer’s book, his STOCK (Stop Trading On Congressional Knowledge) Act, H.R. 1148, had only garnered four cosponsors in Congress since he and Rep. Louise Slaughter  (D-NY)  (one of the key votes for Obamacare by the way…) re-introduced the legislation on March 18, 2011.

In the two days since the 60 Minutes program aired, Walz says the number of House members supporting the bill has shot up to thirty-five, and climbing.

The rock has been removed and all the cockroaches are scrambling for cover!

According to Walz’s website, the STOCK Act:

  • Prohibits Members and employees of Congress from buying or selling securities, swaps, security based swaps, or commodity futures based on nonpublic information they obtain because of their status;
  • Prohibits Executive Branch employees from buying or selling securities, swaps, security based swaps, or commodity futures based on nonpublic information they obtain because of their status;
  • Prohibits those outside Congress from buying or selling securities, swaps, security based swaps, or commodity futures based on nonpublic information obtained from within Congress or the Executive Branch;
  • Prohibits Members and employees of Congress from disclosing any non-public information about any pending or prospective legislative action for investment purposes;
  • Requires Members and employees of Congress to report the purchase, sale or exchange of any stock, bond, or commodity future transaction in excess of $1,000 within 90 days. Members and employees who choose to place their stock in holdings in blind trusts or mutual funds would be exempt from the reporting requirement; and,
  • Requires firms that specialize in “political intelligence” and that obtain their information directly from Congress to register with the House and Senate, much like lobbying firms are now required to do.

The legislation, which was originally introduced by Rep. Brian Baird (D-WA) in 2006, has also attracted bipartisan support in the Senate, with Sen. Scott Brown (D-MA) and Sen. Kirsten Gillibrand (D-NY) proposing their own version of the bill.

Congressman Walz says the 60 Minutes report on Throw Them All Out is making all the difference.

“If you didn’t think Congress’ approval rating can go any lower than 9 percent, have them watch the 60 Minutes story,” he told the Mankato Free Press.  “And that’s a problem.”

Everyone should. Then go buy the book. Then Vote the bums out!

http://www.amazon.com/Throw-Them-All-Peter-Schweizer/dp/0547573146/ref=sr_1_1?ie=UTF8&qid=1321881685&sr=8-1

Big Government’s story says Pelosi and her husband purchased $1-$5 Million of the stock, which then skyrocketed in value to a 203% return on the Pelosi’s investment.

“Soft Corruption” is the term Peter Schweizer uses for the “honest” graft available to members of Congress – insider trading, for example, which is not illegal for our Congressional “public servants.” Repeating: insider trading laws do not apply to Congress.

Oh, and the Super Committee failed due to partisan intransigence. SURPRISE! 😦

Political Cartoons by Gary Varvel

More Cronyism & Debt

It’s no secret that many members of the U.S. House and Senate are millionaires — 47 percent of them — their salaries paid in part by the American taxpayers.

The Center for Responsive Politics has crunched the numbers and released the results on its Open Secrets blog:

About 47 percent of Congress , or 249 current members are millionaires. … In 2010, the estimated median net worth of a current U.S. senator stood at an average of $2.56 million,” according to the Center’s research.

The vast majority of members of Congress are quite comfortable, financially, while many of their own constituents suffer from economic hardships,” said Sheila Krumholz at the Center For Responsive Politics.Few Americans enjoy the same financial cushions maintained by most members of Congress — or the same access to market-altering information that could yield personal, financial gains.”

Like Insider Trading, IPO shares, and Non-Public Data Mining…

The Treasury Department said Wednesday that the federal debt has climbed to a record $15 trillion — a staggering figure that caps a precipitous decade-long rise.

The exact total stood at $15,033,607,255,920.32 as of the end of business Tuesday, marking a jump of $56 billion over Monday’s tally. All told, federal debt has risen $4.407 trillion since President Obama took office.

Mr. Obama is averaging a debt increase of more than $1.5 trillion a year during his term in office, compared with an average of $612.4 billion for Mr. Bush and $192.5 billion a year under President Clinton.

The New Ceiling they will ignore: $15.194 trillion. At their current rate they will hit the ceiling in 65 days. (The super committee is a joke and will just postpone it slightly so expect another nashing of teeth and caving of Republicans in 2012).

But that’s Bush’s/Republicans/Tea Partiers Fault, we all know that! Just ask a Liberal. 🙂

Democrats were silent on the $15 trillion debt milepost, though on the broader issue of deficits they say the economy is so weak that it needs more spending in the short term.

SPEND EVEN MORE! 15 Trillion is not enough!!

In the longer term, they argue, government cannot be cut down to the size it was for most of the post-World War II era, and instead must raise taxes to pay for all of its promises such as Social Security and Medicare while funding defense, education, food stamps and other basic domestic needs.

Tax & Spend!!! What a Surprise from Liberal DemocratS!! 🙂

—MORE CRONYISM

President John F. Kennedy’s nephew, Robert Kennedy, Jr., netted a $1.4 billion bailout for his company, BrightSource, through a loan guarantee issued by a former employee-turned Department of Energy official.

It’s just one more in a string of eye-opening revelations by investigative journalist and Breitbart editor Peter Schweizer in his explosive new book, Throw Them All Out.

The details of how BrightSource managed to land its ten-figure taxpayer bailout have yet to emerge fully. However, one clue might be found in the person of Sanjay Wagle.

Wagle was one of the principals in Kennedy’s firm who raised money for Barack Obama’s 2008 presidential campaign. When Obama won the White House, Wagle was installed at the Department of Energy (DOE), advising on energy grants.

From an objective vantage point, investing taxpayer monies in BrightSource was a risky proposition at the time. In 2010, BrightSource, whose largest shareholder is Kennedy’s VantagePoint Partners, was up to its eyes in $1.8 billion of debt obligations and had lost $71.6 million on its paltry $13.5 million of revenue.

Even before BrightSource rattled its tin cup in front of Obama’s DOE, the company made it known publicly that its survival hinged on successfully completing the Ivanpah Solar Electrical System, which would become the largest solar plant in the world, on federal lands in California.

In its Securities and Exchange Commission filings, BrightSource further underscored the risky nature of the Ivanpah venture and, more broadly, the company’s viability:

Our future success depends on our ability to construct Ivanpah, our first utility-scale solar thermal power project, in a cost-effective and timely manner… Our ability to complete Ivanpah and the planning, development and construction of all three phases are subject to significant risk and uncertainty.

Ironically, in 2008, Kennedy wrote a CNN article praising Obama as reminiscent of his famous father and uncle.  The article, titled “Obama’s Energy Plan Would Create a Green Gold Rush,” proved prophetic. However, the “green gold rush” came in the form of $1.4 billion of taxpayers’ money flowing into the pet projects of rich venture capital investors like Kennedy, not average citizens.

What’s more, BrightSource touted the Ivanpah project as a green jobs creator.  Yet as its own website reveals, the thermal solar plant will only create 1,400 jobs at its peak construction and 650 jobs annually thereafter. Even using the peak estimate of 1,400 jobs, that works out to a cost to taxpayers of $1 million per job created.

As Schweizer writes in Throw Them All Out, “A billion dollars in taxpayer money being sent to wealthy investors to bail them out of risky investments—does this sound familiar to anyone?” (Wynton Hall)

#2

With Energy Secretary Steven Chu set to testify Thursday before the House Energy and Commerce Committee about the government’s $573 million loan to failed solar panel maker Solyndra, an explosive new list of energy loan amounts to President Obama’s top fundraisers, bundlers, and supporters has been released by Breitbart editor Peter Schweizer, author of Throw Them All Out.

As the list reveals, 80 percent of all $20.5 billion in Department of Energy loans went to President Obama’s top donors. Furthermore, some of those dwarf in size those given to Obama bundler George Kaiser, owner of the now defunct Solyndra.

The list—which features the likes of Google owners Larry Page and Sergey Brinn, Robert F. Kennedy Jr., Ted Turner, John Doerr, and Al Gore—raises new questions about the procedures used to administer the now-controversial DOE loans.

Obama Bundlers_ Large Donors_ and Supporters fixed pdf

Schweizer’s list stands in sharp contrast to President Obama’s promise that the allocation of all federal “stimulus” monies would be nonpartisan and fair: “Let me repeat that: Decisions about how Recovery money will be spent will be based on the merits. They will not be made as a way of doing favors for lobbyists,” Obama said in 2009.

But as Schweizer’s charges in his book, Throw Them All Out, the Obama Administration may be guilty of “the greatest—and most expensive—example of crony capitalism in American history.”

PLEASE DON”T TELL OBAMA WHAT COMES AFTER A TRILLION! 🙂

Political Cartoons by Eric Allie

 Political Cartoons by Bob Gorrell

The Ruling Elite Exposed

One of the biggest scandals in American politics is waiting to explode: the full story of the inside game in Washington shows how the permanent political class enriches itself at the expense of the rest of us. Insider trading is illegal on Wall Street, yet it is routine among members of Congress. Normal individuals cannot get in on IPOs at the asking price, but politicians do so routinely. The Obama administration has been able to funnel hundreds of millions of dollars to its supporters, ensuring yet more campaign donations. An entire class of investors now makes all of its profits based on influence and access in Washington. Peter Schweizer has doggedly researched through mountains of financial records, tracking complicated deals and stock trades back to the timing of briefings, votes on bills, and every other point of leverage for politicians in Washington. The result is a manifesto for revolution: the Permanent Political Class must go.
For the Palin Deranged, let it be known he has worked for her and shares her ideas so you may want to consult your Thought Police Manual before continuing…Thank you.
Political Cartoons by Lisa Benson
The Point is not that it’s the Democrats or The Republicans doing it, it’s both!
The fact is NEITHER of them should be doing it is the point!
Martha Stewart went to Jail for “insider trading”.
Congress does it as matter of course. It’s a normal part of the day. Nothing special.
Perfectly Legal. They wrote the laws that say so! 🙂
They get opportunities that would send us normal people to jail, they can do it with abandon.
It turns out that it is not illegal for member of Congress to make stock trades using inside information they learn while working on legislation.
So they can use, say, the passing of Health Care Laws to buy and selling stocks that would be effected by it to enrich themselves.
Or an earmark for a major road to be built conveniently near property you just bought.
They could get out of the Stock Market before it crashed in 2008.
You could buy IPOs not available to normal people (Nancy Pelosi).
Conflict of Interest is not illegal for Congress. Everyone else, yes, Congress, No.
Political Intelligence groups data mine and gather the non-public info in Congress and sell it to Wall Street so they can all make money.
Yes, that evil Wall Street that is so “evil” and so is the subject of so much hypocritical demonizing.
Thus you may surmise that a political opposition to Big Brother Obama was psychologically necessary in order to provide an internal enemy posing a threat to the rule of the Party; the constantly reiterated ritual of the Two Minutes Hate help ensure that popular support for and devotion towards Big Brother is continuous.
So it’s Orwell’s  Hate Week is an event in George Orwell’s novel Nineteen Eighty-Four, designed to increase the hatred for the current enemy of the Party, as much as possible but now they have 24/7/365 newscasts and cable channels along with newspapers to keep it going ad infinitum!
But again, it’s Both Republicans and Democrats.
The Democrats tell the masses to hate Wall Street, but they are using Wall Street to get rich.
Rich people are evil.
Then they use info that would be a normal person a prison sentence to get rich.
They are the Political and Economic Elite.
They are in fact, the very thing they are saying is evil and that the class warfare is supposed to be about but they have re-directed it.
Class Warfare is a fraud. It’s a Diversion. It’s an Orwellian Hate ploy.
Fascinating. Disgusting. And perfectly Legal, for them.
One set of rules for the Ruling Elite. One set of rules for the peasants.
Is that Democracy?
No.
This is both Republicans and Democrats!
By the way: Mr. Warren “tax me more” ‘Darling of the Left’ Buffet is one of the major influences. Aw shucks…
One of the most damaging things reported by Schweizer is how Warren Buffett profited with millions from the government bailout programs he helped design. Wynton Hall, writing in Big Government says: In the wake of the $700 billion TARP bailout, Warren Buffett apparently shaped a plan to clean up toxic assets that Treasury Secretary Tim Geithner later adopted–resulting in massive profits for Buffett.
Buffett proposed something he called a “public-private partnership fund.” For every $10 billion the private sector invested, Buffett said the government should put up $40 billion.
As the political debates surrounding the proposed $700 billion TARP bailout bill heated up, Buffett maintained an appearance of naivete, an “aw shucks” shtick that deferred to the judgment of politicians.  “I’m not brave enough to try to influence the Congress,” Buffett told the New York Times.
During the meeting, Buffett strongly urged Democratic members to pass the $700 billion TARP bill to avert what he warned would otherwise be “the biggest financial meltdown in American history.”
That soundbite sound familiar? 🙂
After Paulson’s exit, incoming Treasury Secretary Tim Geithner tweaked the plan and rolled it out in March 2009. But according to quarterly reports from Buffett’s holdings company, Berkshire Hathaway, between the time the billionaire crafted his plan and Geithner adopted it, Buffett quietly purchased 12.4 million shares of Wells Fargo stock and 1.5 million shares of U.S. Bancorp. Once the government unveiled its “Public-Private Investment Program,” bank stocks jumped, resulting in large profits for Buffett.
In September of 2008, Buffett invested $5 billion in the over-leveraged investment house of Goldman Sachs, having obtained impressive terms: Berkshire Hathaway would receive preferred stock with a 10% dividend yield, and the option to buy another $5 billion at $115 a share.
Buffett had a strong financial interest in the bailout’s passage, says Schweizer. “If the bailout went through, it would be a windfall for Goldman. If it failed, it would be disastrous for Berkshire Hathaway.”

Yet Buffett had little reason to worry; his insider political connections afforded him two guarantees. First, many members of Congress were themselves investing heavily in Berkshire Hathaway throughout the bailout talks–a move that may simply have been a good investment in an unsteady time, or else a shrewd exploitation of unique information. Senator Dick Durbin (D-IL), for example, snatched up $130,000 worth of Berkshire Hathaway stock.  Senator Orrin Hatch (R-UT) also bought shares in Berkshire Hathaway, as did Senator Claire McCaskill (D-MO), who purchased half a million dollars’ worth just days after the Wall Street bailout bill was signed.  Second, Buffett knew he had an ally in the surging Barack Obama. Buffett had backed Obama in 2008. And as Obama has himself conceded, “Warren Buffett is one of those people that I listen to.”

When the TARP bailout passed, Berkshire Hathaway firms received a staggering $95 billion in bailout cash from U.S. taxpayers. In total, TARP-assisted companies made up almost a third (30%) of Buffett’s entire publicly disclosed stock portfolio. The payoff:  by July 2009, Buffett’s Goldman bet and his congressional jawboning had yielded profits as high as $3.7 billion.

Incredibly, in a breathtaking public relations move, Buffett publicly complained that the government bailouts had put his company at a disadvantage,  because funders “who are using imaginative methods (or lobbying skills) to come under the government’s umbrella–have money costs that are minimal.”  Rolfe Winkler of Reuters best captured Buffet’s audacity: “It takes chutzpah to lobby for bailouts, make trades seeking to profit from them, and then complain that those doing so put you at a disadvantage.”

Still, despite Buffett’s apparent, and brazen, display of crony capitalism and political manipulation to produce billions in profits, Schweizer says that the most egregious part is that his behavior appears to have been entirely legal. Buffett merely leveraged his unique and powerful political connections to turn taxpayer money into massive private profits.

Now, with the 2012 presidential election right around the corner, Buffett plans to back President Obama again. In August 2011, the two men vacationed together in the plush surroundings of Martha’s Vineyard. Shortly thereafter, Buffett hosted an Obama fundraiser in New York City where contributors spent $35,800 for VIP tickets and the chance to discuss the economy with the Berkshire Hathaway CEO.

If Buffett’s political track record is any indication, his time spent alongside President Obama was an investment intended to yield a high rate of return–at taxpayers’ expense. (Big Government.com)

Aw shucks, Tax me More Warren is part of the disease, what a shock. And of Course, Obama has his ‘full support’ $$$$

In January, Obama specifically said, “But at a time when our discourse has become so sharply polarized – at a time when we are far too eager to lay the blame for all that ails the world at the feet of those who think differently than we do – it’s important for us to pause for a moment and make sure that we are talking with each other in a way that heals, not a way that wounds.”

We were told to change our rhetoric, to have a new “tone” of civility free of violent references.

Fast forward to now, and Obama’s Vice President Joe Biden, is telling unions they “fired the first shot” at a campaign events.

“Folks, you fired the first shot. It’s not about Barack Obama. It’s not about Joe Biden. It’s about whether middle-class people are going to be put back in the saddle again – because you are the people who make this country move,” Vice President Joe Biden said at a campaign event in Ohio today.

Thanks for leading by example, Biden.

But then again, The Unions are the Brownshirts, the army of this Adminstration and as has been chronicled in this blog many times, the incestuous $$ partners of Democrats.

So the Circle of Sleeze continues. But don’t worry, it’s <fill in the blank>’s Fault! 🙂

Pay no attention to the men behind the curtain…

Political Cartoons by Michael Ramirez
Political Cartoons by Glenn Foden

Political Cartoons by Chip Bok

 Political Cartoons by Bob Gorrell
Political Cartoons by Gary McCoy