The citizens Arizona (by which I exclude illegal aliens) must be beaming about this headline from AP:
Illegal immigrants plan to leave over Ariz. law
Now THAT is a law working as it is intended.
http://apnews.myway.com/article/20100429/D9FCDCN00.html
Thursday, April 29, 2010
Marxist Quote of the Day
We’re not, we’re not trying to push financial reform because we begrudge success that’s fairly [sic] earned. I mean, I do think at a certain point you’ve made enough money.
- Barak Hussein Obama
April 28, 2010
If only the Anointed One believed that at a certain point government has SPENT enough money.
- Barak Hussein Obama
April 28, 2010
If only the Anointed One believed that at a certain point government has SPENT enough money.
Friday, April 23, 2010
Open Letter to Ed Whitacre
Dear Ed,
I've just seen Government Motor's (GM) new television advertisement (bought with taxpayer funds) where you claim "...we have repaid our government loan, in full, with interest..."
This announcement comes after GM paid less than 7 billion dollars to the U.S. Treasury.
Your commercial implies GM only had one loan from the US Government, that it was less than 7 billion dollars, and that you are now free and clear of taxpayer bailout funds. One might even reasonably imply from your commercial that the funds you paid were out of earnings from GM since the loan.
You and I both know that this is not the case at all. The "loan" does not even begin to cover the amount of taxpayer-funded bailout.
Off the top of my head, I can demonstrate that GM received all of the following taxpayer bailout funding for GM's "second chance":
Auto Supplier Support Program: GM received not less than 2.5 Billion dollars of taxpayer money
Automotive Industry Financing Program: GM received not less than 49 Billion dollars of taxpayer money
This does not even include the 13+ Billion dollars of taxpayer money received by GMAC, GM's financing arm.
Let's also be honest about where the "loan repayment" money came from: you have paid off taxpayer loans with other taxpayer "investment" dollars, not earnings from car sales. I can read your SEC filings.
As to your remarks about paying the "loan" back "with interest", after hearing of your statements, even the White House had to issue a statement saying that the taxpayers will almost certainly LOSE MONEY on the GM investments. That is not interest; it's a loss.
I also recall that one of the lynchpin arguments in support of the Automotive Industry Financing Program was that it was necessary to save American jobs. Yet since the socialization of GM, 65,000 jobs were cut by GM. It seems redundant to point out that GM could have accomplished the same thing in bankruptcy restructuring without requiring the taxpayers to foot the bill.
This commercial of yours will go down in history as one of the most disingenuous commercials ever to be aired on American television. I could not even characterize your statements has half truths - the lies by omission in this ad are monumental and inexcusable.
I challenge you, Ed Whitacre, to immediately pull this ad and replace it with an ad that correctly lays out what GM has received from the American taxpayers, what has been returned to the taxpayers due to actual profits generated by GM, and together with the UAW beneficiaries of all this American taxpayer largesse, thank all the taxpayers for the help and beg us to be merciful on your failing, disingenuous welfare case of a corporation.
I've just seen Government Motor's (GM) new television advertisement (bought with taxpayer funds) where you claim "...we have repaid our government loan, in full, with interest..."
This announcement comes after GM paid less than 7 billion dollars to the U.S. Treasury.
Your commercial implies GM only had one loan from the US Government, that it was less than 7 billion dollars, and that you are now free and clear of taxpayer bailout funds. One might even reasonably imply from your commercial that the funds you paid were out of earnings from GM since the loan.
You and I both know that this is not the case at all. The "loan" does not even begin to cover the amount of taxpayer-funded bailout.
Off the top of my head, I can demonstrate that GM received all of the following taxpayer bailout funding for GM's "second chance":
Auto Supplier Support Program: GM received not less than 2.5 Billion dollars of taxpayer money
Automotive Industry Financing Program: GM received not less than 49 Billion dollars of taxpayer money
This does not even include the 13+ Billion dollars of taxpayer money received by GMAC, GM's financing arm.
Let's also be honest about where the "loan repayment" money came from: you have paid off taxpayer loans with other taxpayer "investment" dollars, not earnings from car sales. I can read your SEC filings.
As to your remarks about paying the "loan" back "with interest", after hearing of your statements, even the White House had to issue a statement saying that the taxpayers will almost certainly LOSE MONEY on the GM investments. That is not interest; it's a loss.
I also recall that one of the lynchpin arguments in support of the Automotive Industry Financing Program was that it was necessary to save American jobs. Yet since the socialization of GM, 65,000 jobs were cut by GM. It seems redundant to point out that GM could have accomplished the same thing in bankruptcy restructuring without requiring the taxpayers to foot the bill.
This commercial of yours will go down in history as one of the most disingenuous commercials ever to be aired on American television. I could not even characterize your statements has half truths - the lies by omission in this ad are monumental and inexcusable.
I challenge you, Ed Whitacre, to immediately pull this ad and replace it with an ad that correctly lays out what GM has received from the American taxpayers, what has been returned to the taxpayers due to actual profits generated by GM, and together with the UAW beneficiaries of all this American taxpayer largesse, thank all the taxpayers for the help and beg us to be merciful on your failing, disingenuous welfare case of a corporation.
Wednesday, April 21, 2010
More Lies from The Liar In Chief
While B. Hussein Obama told the socialists at Barbara ("Don't Call Me Ma'am") Boxer's fundraiser this week that he was trying to "lower taxes on 98% of Americans" [well, Mexicans are Americans, too], not even Obama's sycophantic press could suppress the following stories:
Millions face tax increases under Dems budget plan:
http://news.yahoo.com/s/ap/20100421/ap_on_go_co/us_congress_budget
Obama suggests value-added tax may be an option:
http://news.yahoo.com/s/ap/20100421/ap_on_bi_ge/us_obama_tax
Tax increases are on the way, it is what Democrats do. They think it is their money, not yours.
Millions face tax increases under Dems budget plan:
http://news.yahoo.com/s/ap/20100421/ap_on_go_co/us_congress_budget
Obama suggests value-added tax may be an option:
http://news.yahoo.com/s/ap/20100421/ap_on_bi_ge/us_obama_tax
Tax increases are on the way, it is what Democrats do. They think it is their money, not yours.
Monday, April 19, 2010
NY Times Irritation of the Day
Black NYT "reporter" Charles Blow (no relation to Marion Barry) went to the Dallas, Texas Tea Party and wrote his predictable screed "A Mighty Pale Tea."
I wonder if Charles Blow has ever gone to see the line for Section 8 housing handouts or other similar government giveaways. Here is a photo from one in similarly Red-Stated Alabama: http://tinyurl.com/y435lef
And I wonder if Charles Blow wrote an article about the folks who attend government giveaways, would he title his screed "Looks like Black Tea"?
Somehow, I doubt it.
I wonder if Charles Blow has ever gone to see the line for Section 8 housing handouts or other similar government giveaways. Here is a photo from one in similarly Red-Stated Alabama: http://tinyurl.com/y435lef
And I wonder if Charles Blow wrote an article about the folks who attend government giveaways, would he title his screed "Looks like Black Tea"?
Somehow, I doubt it.
Sunday, April 11, 2010
Pray for Poland
In the last twenty years, very few nations have been as good a friend to the United States as Poland. This weekend, the people of Poland, our friends, have suffered a tremendous loss.
I grieve for Poland; my heart aches for them. I pray for the people of Poland, for the nation of Poland, and for the Church in Poland. May God wrap his loving and protective arms around Poland, ease the pain, instill hope, and keep that nation safe.
I grieve for Poland; my heart aches for them. I pray for the people of Poland, for the nation of Poland, and for the Church in Poland. May God wrap his loving and protective arms around Poland, ease the pain, instill hope, and keep that nation safe.
Friday, April 9, 2010
The Gift That Keeps on Taking
National Socialist Party member Bart Stupak's retirement gift to Obama: socialized medicine with abortion on demand. http://tinyurl.com/y9b5rjf
Bart Stupak is a prime example of precisely what is wrong with American politics. He is a gutless, spineless, unprincipled coward. Voluntary retirement is too good for him.
Bart Stupak is a prime example of precisely what is wrong with American politics. He is a gutless, spineless, unprincipled coward. Voluntary retirement is too good for him.
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