Conservative Patriot

Obama is set (in just a few moments) to make yet another long-winded, TOTUS-enabled speech to the nation. This time, it is to head Dick Cheney off at the pass and make it seem that Cheney is appearing on television to rebut Obama’s speech, when in fact, the opposite is true. Cheney has had this date scheduled for weeks, and Obama’s press folks are simply trying to make it look like the opposite.

Sources close to the White House have said that advance copies of the speech appear to be nothing but invectives to be hurled at the Bush administration, making the incredible claim that Bush administration policies did not keep us safe. Umm… call me crazy, but unless there was some massive coverup, I’m pretty certain that we didn’t have a terrorist attack on US soil after 9/11. You can disagree with (and I do as well) many of the Bush administration policies, but keeping the US safe is not really one that the evidence is on the side of the liberals and Bush administration critics.

Yesterday, the Congress voted nearly unanimously (90-6) to reject Obama’s plan to close Gitmo by refusing to fund the effort until such time that Obama comes up with an actual plan as to where to put these detainees. See, libs are all about releasing terrorists and making the country less safe, but not when that starts in their back yard. No siree Bob.

Obama is now going on television in an attempt to take his non-plan to the American people, in the hopes that he can use his charisma to drum up popular support for the closing of Club Gitmo. I think it’s going to backfire on him, and he doesn’t need rebuttal from Cheney for that to happen.

One of the main reasons that a lot of people overlook when they talk about closing Gitmo is the danger that housing these killers poses to the very people and places that house them. At Gitmo, these men are held and watched by unknown soldiers who are on an island that is virtually inaccessible by outsiders. But put those terrorists into prisons in the continental US, and all of a sudden, you will have protests on national television and the location of these prisons will be known the world over. Simple searches on Google can turn up the names and addresses of prison guards and administrators. I don’t need to explain further how dangerous that would be if Al Qaeda and other bands of smelly scumbags get a hold of that information, which they surely will. Murder, bombings, kidnappings, ransom… you name it.

He’s now speaking as I write, and I have to say, the idea that he’s lecturing former administration officials on “not thinking about the long-term ramifications before they act” is utterly laughable. In just over 100 days, this administration has demonstrated time and time again that it cannot see past the end of it’s own nose when making typical liberal knee-jerk decisions. Just look at TARP, GM, Chrysler, the banking sector, you name it.

I literally can’t stand watching this ass-clown speak - the indignant tone he takes when attempting to defend his ill-conceived policies is disgusting. Get off your self-appointed high horse, jackass. The American people do not want this. Time to swallow your pride and realize that this is yet another campaign promise you won’t be keeping. Just shut up, stop whining about Bush and do your job.

“If this is managed correctly, and that is an important ‘if,’ we will hopefully get most of our money back, and possibly even turn a profit on the government’s investment — every penny of which will go directly back to the American people.”
–Barack Obama on Oct 1,2008

Hmm… seems to me he’s in trouble no matter how you slice it. If we don’t get all of the money back - or in the case we’re in now… none of it, who can be responsible for the admitted mismanagement of the bailouts and bankruptcies than Dear Leader Chairman MaObama? No one.

Unfortunately, somehow Bush will be made to be responsible for all of this, and not Franklin DelanObama, but we can hope!

Yep, you heard that right.

More details at this link posted on Reuters just a few moments ago.

Laughing all the way to the bank.

The Federal Government it set to create yet another utterly unconstitutional, government-owned corporation that will own GM. Like the GSE’s of Fannie and Freddie, this company will have a direct line of credit with the (also unconsitiutional) Federal Reserve. On top of that… are you sitting down? The Federal Government will absolve GM of ALL of the $15.4 Billion (with a B) in taxpayer money that was loaned to it. Brilliant.

So let me get this straight. Anyone with a brain in their head was pushing for just getting out of the way and just letting GM go bankrupt from the get-go. Then, Obama, Geithner and their ilk decide that no, we must give them billions in taxpayer money - if we don’t, the workd is going to come to an end. And now, guess where we’re at? You got it. GM is, in fact going bankrupt, just as everyone predicted, despite Obama’s meddling, and now we get the additional kick in the teeth of having thrown $15.4 Billion of our hard-earned capital down the bottomless hole with GM because the Obama administration has decided that they will absolve GM from any repayment of a single dollar of the taxpayers’ money.

I’m going to have to find and post one of the many video clips of these economic illiterates stating publicly a few months ago that “not only will we be saving these corporations that are ‘too big to fail’, but the taxpayer will likely make a profit then these loans are repaid”. Hmm… seems to me we were sold a bad bill of goods. If I engaged in business practices such as this that are so obviously fraudulent, I would be in jail right now.

But wait, there’s more. If and when the government does get it’s grubby little mitts out of ownership of this new corporation, it plans to sell the controlling interest in said corporation to guess who? Once again, you got it… the UAW! Seriously, you couldn’t come up with a better story than this - this stuff writes itself. Simply amazing.

Anyone want to take bets on how many outlets in the MSM cover this one for what it is?

It still hasn’t ended… the weekly television addresses, the primetime speeches… and now this sign - spotted in IL by Marathon Pundit.

Your tax dollars at work

I guess since they’ve only spent 4% of the porkulus money to date, they figured they would spend some of the money advertising just how “effective” the program is. It is completely insulting to me that we are paying for Obama’s 2012 campaign (which is exactly what this amounts to) with taxpayer funds that were usurped under the pretense that it would be spent on “shovel ready” projects that will “create or save 3 million jobs”. I’ve got a “shovel-ready job for you - how about that border fence that the law says that you must build, yet refuse to fund. That’s not only shovel-ready, but it’s been started. Get out the pickaxes and get busy already!

I think someone ought to get a Pelosi-esque “truth commission” together to investigate this as a campaign finance violation, as it clearly is. This is nothing more than a campaign sign on the side of the road. The amusing thing is that there is no actual work going on anywhere in the photo. This stuff is just too good.

I’ve really had it up to here with this administration’s seemingly endless ability to launder taxpayer and other money (that’s right, that’s what I said - launder money) right under our noses, paying off the cronies that got them into power and the people who might help get them more of it.

The latest chapter in this fraud is the way in which Obama and his cronies are handling the Chrysler debacle. I should preface this by saying that this entire discussion if predicated on stipulation to the belief that the Federal government has some sort of authority to get involved in the business dealings of Chrysler (or any other company, for that matter) - even though the Constitution expressly forbids them to do so. You have to get past that pesky detail and move on to discuss this…

So with that said, Robert Gibbs went on national television and, in typical fashion, “umm’ed and uhhh’ed” his way through another barely understandable statement - choosing this time to smear the hedge funds who held out taking a substandard deal. ”They tried to, in a sense, play chicken with the government for a better deal, and nobody blinked.”

Let’s be clear, sir. These hedge funds had and continue to have every right - nay, a fiduciary responsibility to their investors to get the best return possible on their investment. Obama has characterized these hedge funds as having dome something unscrupulous and as having caused the negotiations to fall apart, sending Chrysler into Chapter 11. Unfortunately, the reality couldn’t be further from that.

These 20 or so firms are investment companies who which did not receive or refused (how DARE they!) TARP funds, and hold about

The group, which does not identify who they are but sources said includes boutique firm Perella Weinberg, hedge fund Stairway Capital and asset manager OppenheimerFund, said they had been “systematically precluded” from engaging in direct negotiations with the government. Instead, the Obama administration put in charge of the negotiations the four large banks who received billions of dollars in TARP funds (read: government-controlled banks) which also just happen to own 70 percent of the $6.9 billion in loans. Hmm… sounds a bit to me like the wolf guarding the hen house, no? These four firms, Goldman Sachs, Citigroup, JPMorgan and Morgan Stanley have all agreed to the government’s offer of $2.25 billion, or 33 cents on the dollar, for the loans. Perhaps that’s because they’re flush with taxpayer cash and can take a beating on the recovery? I don’t know, I’m just saying…

“We have been forced to communicate through an obviously conflicted intermediary: a group of banks that have received billions of TARP funds,” the lenders who rejected the government offer said.

The holdout lenders — who said their combined debt holding represents about $1 billion of the $6.9 billion owed to senior secured lenders – struck back at Gibbs this morning after Gibbs (and by proxy, Obama) blamed them for causing the imminent bankruptcy. The group said they had offered to accept 60 cents on the dollar, despite “long recognized legal and business principles” that gives senior lenders such as themselves the right to be repaid in full before others recover anything in bankruptcy court. You see, Obama is flatly violating US bankruptcy law by allowing entities who are less senior lenders (and as such have less right to the payback) like Citigroup and, lo and behold, the UAW (again, really?) to jump to the front of the line ahead of debt holders who are demonstrably their senior. This clearly violates US bankruptcy law that has been on the books for decades. I don’t know why I’m surprised at this - this administration has shown nothing but contempt for the Constitution and the manner in which it dictates what they can and cannot do.

“Our offer has been flatly rejected or ignored,” the group said. “In its earnest effort to ensure the survival of Chrysler and the well being of the company’s employees, the government has risked overturning the rule of law and practices that have governed our world-leading bankruptcy code for decades.”

This is nothing more than another money laundering scheme to curry favor with the UAW and Goldman, you watch. The UAW is set to take a majority position in the Fiat deal, and they will get an unjustified recovery from the Chapter 11 filing of Chrysler. Chalk that up to two American automakers that will now be run by the very people whose antiquated and idiotic business practices ran these companies into the ground in the first place. Good luck with that one…

I have to say, if I was Perella Weinberg or one of these other funds, I would have just held out on principle, even if it means recovering even less in the bankruptcy proceedings as a result. It’s about time someone stood up to Obama, Geithner and the rest of these economic illiterates and told them no - we’re not doing it your way. Obama is simply angry that since these firms didn’t take TARP money, that he has absolutely no sway over them. We need more companies like Goldman to tell him to stick his TARP funds where the sun don’t shine.