Posts Tagged Government

Fox News’ Hiring of Sarah Palin Makes Our Founding Fathers Want a Mulligan on Freedom of the Press

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At famous cemeteries all up and down the East coast, you can hear their contorted bodies rolling over in their graves at night.  Our founding fathers are watching Glenn Beck and Sarah Palin invoke their names on Fox News as though these two are patriots to the principles of truth and freedom. 

In her interview with Beck on Tuesday, Palin even went so far as to make a poorly veiled attempt at comparing herself to George Washington, stating that “he was almost reluctant to serve as president, too . . . that is who you need to find to serve in government . . . those who you know will serve for the right reasons because they’re reluctant to get out there and seek a limelight and seek the power. They’re doing it for people. ”

Notice her use of the word “too“, as in “I also am reluctant, but I will do it for my country”?

You can be certain those comments make Thomas Jefferson and James Madison almost wish they could take a mulligan on the 1st Amendment’s clause respecting Freedom of the Press.  After all, even men as intelligent as they were could have never envisioned two demagogues like Beck and Palin both employed by the same network.  Think about it.  Could you ever in your wildest imagination have believed there would be this much self-aggrandizement polished and wrapped under the guise of news and opinions?

Well thank goodness, Jefferson and Madison were also intelligent enough to know that most Americans would not listen to shameless frauds like Beck and Palin.  Our founding fathers had enough faith in the wisdom of the American people to know that the principles of reason and logic would prevail over the false words and deeds from even the most duplicitous and disingenuous hypocrites that were in our midst. 

That’s called Freedom of Thinking.

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Bank Of America’s Criminal Deception of U.S. Treasury on Bailout

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Illustration from Deesillustration.com

 

The Chairman of the House Oversight and Government Reform Committee, Congressman Edopholus Towns (D -Brooklyn, N.Y.) is leading the investigation into whether executives for Bank of America made misrepresentations based on false claims to the government in December 2008 regarding it’s agreed takeover of Merrill Lynch in order to receive significant taxpayer bailouts.

The committee has acquired thousands of documents that included handwritten notes from lawyers representing BoA in it’s takeover of Merrill Lynch that indicated the bank’s claim of a “Material Adverse Change” in circumstances regarding the takeover was unfounded.  Nonetheless, it appears executives for the bank used this legal clause as a veiled threat to withdraw from the takeover in order to to persuade the U.S. Treasury and then Secretary Hank Paulson to give them more bailout money.  If true, this would be tantamount to extortion – which is a criminal offense – let alone fraudulent misrepresentation.

BofA spokesman Larry Di Rita said that BoA’s actions “were based on our desire to make the best decision for our shareholders . . .”

This self-serving statement is utterly laughable in light of U.S. District Court Judge Jed A. Rakoff’s take on BoA’s behavior in the suit brought by the SEC against the bank.  BoA screwed it’s shareholders by intentionally withholding information regarding the Merrill Lynch bonuses and then blaming their lawyers.  Now we learn the high likelihood that these same executives ignored the advice of their lawyers and wilfully mislead the U.S. Treasury when they looked to the government for financial bailouts.  Why BoA is allowed to perpetuate this ongoing charade defies logic and reason. 

These men are financial terrorists! 

When will they be made to answer for their crimes against the American people?

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Wonder If They Can Help the Democrats Grow Testicles?

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Scientists at Wake Forest University Medical Center claimed that they have succeeded in growing artificial penises in male rabbits using similar cells from another male rabbit.  The study was reported to the Proceedings of the National Academy of Sciences, and has given given great promise for humans who are missing particular organs in their own bodies.

One of the researchers working on the project said he “is hoping the the procedure will work with people, perhaps starting with adult men who have had damage to their organs.”

Hey, I will donate my testicles in order to help any number of those spineless Democrats in Washington who hold a Congressional majority to finally stand up to the likes of Joe Lieberman, Olympia Snowe, John Boehner, or Mitch McConnell and tell them to stick their heads where the sun never shines.  

I will make this sacrifice for my country and report to Wake Forest University Medical Center at the first call to duty.  Just let me know if any of you Democrats have the balls, figuratively speaking, to take me up on this offer since most of you obviously do not have any balls, literally speaking.

Bipartisanship is just another word for “nothin’ left to lose.”

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Greed is Good!

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Remember the mantra ”Greed is Good” ?

Thank you Brian Griffiths for resurrecting the ghost of Gordon Gecko (Michael Douglas) from the movie Wallstreet.

Mr. Griffiths is an international advisor for Goldman Sachs (at least he is as of this moment – tomorrow is another story).  He spoke at an economic conference held in London yesterday where the topic of discussion was  . . . oh this is really good . . .

 “What is the place of morality in the marketplace?”

From there, it gets even more surreal.

Mr. Griffiths defended this weeks report coming out of Goldman Sachs that record compensation packages of $16.7 billion were being paid out to the company’s employees for the first nine months of 2009, an increase of 46 percent from a year earlier.  If you think that obscene information just made your blood pressure go through the proverbial ceiling, his comment justifying these compensation figures will absolutely cause you to ”blow a gasket”. 

“We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all.”

Yes!  That is how he rationalized this unconscionable decision from a financial institution that the U.S. taxpayer just bailed out. 

But Mr. Griffiths is not done.  He concedes that “[i]t was the failed moral compass of bankers which was primarily responsible for why we had this crisis.  The question is: what can we do in the culture of institutions to make them behave in a more socially responsible way?”

Ahhhhhhh . . . Give them more money????  Yea, that’s the ticket!  That should stop this ever-escalating climb into the stratosphere of economic insanity.  Right?

But he ends on a very positive note, telling the audience that “To whom much is given much is expected,” he said. “There is a sense that if you make money you are expected to give.”

Yes.  That’s what they will do.  Engage in an ignoble and altruistic charitable  act in order to wash away the sins of avarice, greed, and excess so that one can tolerate the inequality of his lifestyle compared to those less fortunate so as to inspire prosperity and opportunity in them, that they might become like him and do the same for others in a long cycle of never-ending prosperity and go on tolerating this inequitable way of living so that even more will prosper, all in the hopes that someday we will all be equally filthy rich and working ever harder each day to make more money to show the opportunities that await others who aspire to our level of greed and avarice.

I like it.  I think I can handle the job.  Let me check . . . no pulse, no heart, ice in my veins and in my glass of 20 year old scotch, no conscience, not a moral fiber in my body.  Please hand me a cigar.  When can I start?

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Credit Card Companies Manifest Their Rapacious Greed Before Financial Reform Implemented

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Recall just recently when Ann Minch protested BoA’s credit card practices on youtube.com?  Ms. Minch was merely requesting that Bank of America reverse their arbitrary increase of the interest rate on her credit card.  When the bank refused, she “went viral” with her complaint on youtube.com, the world took notice, and the bank lowered her interest rate on the credit card.

How soon they forget.

You did not really think that the banks were suddenly going to “get religion” over one woman’s attempt to bring national attention to the unremitting greed of these financial behemoths, did you? 

Now Congress has threatened to act on this even sooner in an effort to reign in the the banks’ rapacious greed (I guess re-enacting the old usury laws would cost the politicians way too much in campaign contributions from these banks – so this is their lame attempt at “protecting us”).  In response, Chase Bank , Wells Fargo, and others are again quietly trying to screw as many customers as quickly as possible before their ability to extract every last dollar from us is finally limited to some degree through government regulation (ohhhhhh, that evil “R” word, again).

An Ohio couple is the lastest victim of this unconscionable business practice.  Worse yet?  Their credit card was issued through Chase Bank, a retail arm of J.P. Morgan Chase – one of the largest recipients of TARP (bailout) money.  Want to add even more insult to injury?  Now these mammoth financial giants raise your interests rates to squeeze more of your hard-earned money out of you, driving you ever closer to to the edge of bankruptcy, after you (the U.S. taxpayer) subsidized them about a year ago so they would not go bankrupt.

Is the utter irony of any of this lost on everyone?

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Same Old Wine in a Brand New Bottle . . .

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The tentacles of power reach as deeply into this Administration and Congress as they have with any of their predecessors (if you do not believe it, read this article). 

Health Care Reform will be just another act of diluted legislative sausage-making, wherein they can all declare victory while their constituents are left wondering why there was so much fuss over so little substantive action.  The polarized distinctions between Democrats and Republicans, Liberals and Conservatives, are just fabricated drama for the Beltway politicos, P.R. hacks, media, and the likes of Limbaugh and Beck, all who line their already deep pockets by stirring more fear and loathing in an easily manipulated public.

These Foxes are not the real threat to the occupants of the chicken coop.  To the contrary.  The chickens are so busy pecking at the ground looking for a kernel of corn or two to feed their hunger for a little truth, while simultaneously focusing on these untrustworthy creatures, that they forgot it is the master that will likely be dining again on them tonite. 

If you keep your eye on the foxes, you will never see the freshly- sharpened axe that is about to fall on your neck.

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The First American Quitters Family

Sarah Palin Quitters Magazine cover

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Have you ever heard of a Husky that quit pulling it’s sled in the Iditarod?  Ever seen a picture of a salmon give up swimming upstream even with bears sitting in the rapids waiting for them to jump?  Can you ever recall a sitting governor of a state resign mid-term because the media was so tough on them and their energy was better spent focusing on other things?  Oh, I almost forgot, that last one has occurred – just one time.  The others . . . NEVER!

Now Sarah “I’m no quitter” Palin and husband Todd are officially The First American Quitters Family.  The guy that catches salmon and runs in the Iditarod has just announced that he is leaving his oil field job to “spend more time with his family.”  You betcha, WINK, WINK.

PLEASE, PLEASE, PLEASE, PLEASE, PLEASE, my Conservative friends . . . make her the Republican Presidential nominee in 2012.  That is what she and Todd are setting the stage for anyway with all of this “quit whatever you are doing in Alaska and get your dumb asses down here in the lower 48 if you want to rate” whispers.

Listen.  Even if Obama never accomplishes anything as President (and that is looking more and more plausible with each passing day), he can still beat her while continuously traveling all around the world during the 2012 Presidential Campaign,  trying to get the winning bid for the 2040 World Curling Championships to be held in Detroit.  All she has to do is give a few campaign speeches, do her best “going rogue” routine with Independent voters watching, and sit down for a handful of spontaneous interviews with some of those ”gotch ya” liberal political reporters, with all of their “tricky questions” (like, “Governor, can you tell me what body of water does Afghanistan lie next to?”), and you can stick a fork in her. 

SHE’S DONE and he’s WON!

P.S.  None of Afghanistan’s borders are bounded by water, and there is not a significant body of water within several hundred miles of Afghanistan.  I won a beer betting on that fact one night in a bar with several of my Conservative buddies shortly after 9/11.  We had a retired U.S. Marine who happened to be tending bar that night settle the dispute for us.  Was that beer extra tasty?  You betcha!

P.S.S.  In 2040, the average daytime temperature in the winter in Detroit will probably be somewhere in the neighborhood of 123 degrees Farenheit.  They will have to hold the World Curling Championships in the Mayor’s office in City Hall since that will be the only public place in town that will still be allowed to have a window air conditioner installed in order to “keep it cool”.  By then, people will be “Wintering” in Wasilla, Alaska, with it’s posh new Bed and Breakfast run by an elderly couple who just quit their consulting business (How to Quit a Job Without Consequences) in order to “come back home”.

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HIP HIP HOORAY!!! The LOSER is the U.S.A.

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Glenn Beck and Rush Limbaugh think of themselves as the consummate Americans.  So do members of Americans For Prosperity.  Nothing could be further from the truth.  They all cheered when the U.S. lost the 2016 Olympic bid on Friday  (I won’t even dignify Beck’s and Limbaugh’s pathetic declaration of joy with relevant links from this site – it’s shameful and degrading). 

Would they have cheered against their country for losing an Olympic bid when Bush was President?  None of them obviously realize the bid was placed by the U.S. government when Bush was in office.  Anyone who would have cheered for such an outcome back then would have been labeled a traitor, a subversive, a Communist, Un-American

They may wrap themselves in the American flag while they spin this whole agenda of “Wishing failure on Obama” as isolated and differentiated from wishing failure on the United States.

That dog just won’t hunt.

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Congress Ignores the Financial Trevails of Small Business

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As was noted in yesterday’s blog, Wall Street Boys collect fat bonuses for moving money around the world at the speed of light, creating nothing of real value, while still continuing to intentionally deceive the government and shareholders about their business transactions with no substantive consequences.  Even Federal District Court Judge Jed A. Rakoff obviously wondered why the SEC was not investigating and prosecuting apparent criminally fraudulent behavior?  A $33 million fine is meaningless for Bank of America – especially if it’s executives who committed the fraud are not going to pay for it, either financially or by criminal punishment (as usual, the shareholders, bank customers, and tax payers are all going to “take it in the shorts” on this one). 

Now today it is reported that the major financial credit rating agencies – Standard and Poor, Moody’s, etc. – are still intentionally inflating the ratings of the securities of the Wall Street firms who pay them fees.   Anyone familiar with the term “Conflict of Interest”?  While testifying yesterday before the House Committee on Oversight and Government Reform, former Moody’s managing director, Eric Kolchinsky, asserted that his firm was criminally deceiving investors.   This was one of the principle underlying causes of last years financial meltdown, and yet they are they are doing it again? 

MEMO TO: Attorney General Eric Holder . . .

Where is the deterrence?!?!?

Meanwhile, honest, hardworking small business people try to fund retirement plans for themselves and their employees through the trusting hands of financial advisers, insurance companies, and former IRS agents.  Thanks to Congress, and even the IRS in some cases, that trust was sorely misplaced by a number of small business owners.  The mere fact that a business or individual may have inadvertantly failed to file one form, or even IF the existence of the retirement plan was reported in a business tax return, but not a personal return - any violation triggers enormous penalties and fines.   Some of these honest business people even relied upon IRS “determination letters”  that tacitly give initial approval to their plans. 

Guess What?  WRONG!  According to a complex set of tax rules and formulas established by Congress, if the IRS later determines that the plan was not in compliance, you are subject to penalties and fines for any number of “violations”.   One would think it reasonable that if you’re intentions are honest, that your reliance on expertise is reasonably placed, and there is obviously no intention to commit fraud, you will not be driven to bankruptcy.  You would be WRONG AGAIN!

What is most galling is the fact that the fines and penalties are not even commensurate with the violations.   It’s like giving the Death Penalty for speeding on the highway.  Congress takes the view that Wall Street is TBTF (To Big To Fail) even if they fraudulently screw things up, but your small business can be allowed to go bankrupt if you make an honest mistake.

The powerful Wall Street firms and financial institutions, their executive management, their rating agencies, and the minions who do their bidding (lawyers, lobbyists and politicians) suffer insignificant consequences for their criminally fraudulent  behavior, primarily by pouring millions of dollars into the political campaigns of the most powerful Democrats and Republicans sitting on Congressional Committees overseeing Banking, Finance and Business Regulation.

Meanwhile small businesses, which generate approximately 50% of the business income in this country, are treated like step-children.

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Message to any “FED” – Hang ‘Em High!

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First, let’s acknowledge how irresponsible it is to accuse any particular group for U.S. Census worker Bill Sparkman’s death.

However, the peculiar circumstances surrounding him being hanged from a tree – which law enforcement investigators in Kentucky have preliminarily ruled as a homicide – beg the question, why would anyone scrawl the word “FED” across his chest, and what would be their motive?

One could easily infer that it is possibly fear of government intrusion - see the video at the bottom of an article published today.  

Are Glenn Beck and Congresswoman Michelle Bachmann (R-Minn.) really that distressed over government invasion into our privacy?

Well, recall back in 2005 when the story broke regarding the fact that the National Security Agency (NSA), operating under the directives of the Bush Administration, had wiretapped millions of American citizens’ private phone conversations under the guise of  investigating possible links to terrorism.  This led to an investigation by Congress into the extent of the wiretaps, whether they were legal, and whether they were being properly targeted in order to protect national security as asserted by the Bush Administration.  

In order to assure the American public that the wiretaps were not directed at innocent citizens, Attorney General Alberto Gonzales, in a White House press briefing, stated that these intercepts were only authorized when the government “has a reasonable basis to conclude that one party to the communication is a member of al Qaeda, affiliated with al Qaeda, or a member of an organization affiliated with al Qaeda, or working in support of al Qaeda.” and that one party to the conversation is “outside of the United States” [emphasis added].

When General Michael Hayden, former head of the NSA and then-acting Director of the CIA, was eventually called to testify before the Senate regarding allegations of unwarranted government intrusion into the lives of innocent American citizens, he unconditionally denied that the government was listening to private conversations that were not reasonably related to terrorist activity.  General Hayden stated, “[w]e are narrowly focused and drilled on protecting the nation against al Qaeda and those organizations who are affiliated with it,”

FACT:  some of the conversations were between American couples (even servicemen and their spouses/girlfriends) engaging in the most intimate communications that had nothing to do with national security.  That this is a gross invasion of privacy, and the most egregious form of governmental intrusion is beyond a shadow of a doubt.

Former NSA employee Adrienne Kinne, who was awarded an NSA Joint Service Achievement Medal in 2003, along with one of her fellow NSA peers, came forward in 2008 and pointedly criticized the NSA’s continued targeting of obviously innocent American citizens.  She proudly stated that sometimes the intercepts did result in information that may have interrupted potential terror attacks in Iraq, and therefore saved American lives. 

Yet, Kinne noted the problem was all of the wasted time and resources spent focusing on these innocent Americans, when it could have been directed towards finding the proverbial “needle in the haystack”.   As Ms. Kinne so poignantly stated, “[b]y casting the net so wide and continuing to collect on Americans . . .  it’s almost like they’re making the haystack bigger and it’s harder to find that piece of information that might actually be useful to somebody,” she said. “You’re actually hurting our ability to effectively protect our national security.”

So Glenn Beck and Congresswoman Michelle Bachmann. . . where was the outrage regarding government intrusion back then?

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