Author Archives: DJ Redman

Jack Lew: Obama’s Newest Propaganda-Puppet

President Obama has had problems retaining his administration’s  Chief’s of Staff position filled during his first [ and only] term in office. First came fellow Chicago Democrat Rahm Emanual, who was replaced by another Chicago Democrat, William Daley, only to see him replaced by the latest White House Chief of Staff, Mr. Jack Lew. The Daily Caller explains Obama’s picks for the White House Chief of Staff positions as follows:

All three of President Barack Obama’s chiefs of staff earned millions of dollars after passing through the revolving doors that lie between the Democratic Party and Wall Street. Rahm Emanuel and Bill Daley, and now Jacob Lew, are all career Democrats who have taken lucrative trips through those revolving doors, eliciting jeers from Republicans who say Obama is running an administration of crony-capitalists.

Meet the latest White House Chief Jack Lew. Mr. Lew is the former Obama-appointed budget officer who came to the White House via banking giant Citigroup where Lew spent 3 years heading up the Alternative Investments unit. Citigroup paid Jack Lew over $2 million dollars in 2009 salary and bonuses, basically for profiting in investments that bet on the housing and mortgage crisis. Of course when Citigroup lost billions of dollars due to geniuses like Jack Lew betting on the crisis,the taxpayer paid off those losses in the 2008, 2009 bailout packages. Meanwhile, Jack Lew still kept his millions of dollars in crony-fatcat bonuses and salary. This surely qualified him to be Barack Obama’s latest Chief of Staff, considering that the previous 2 Chief’s of Staff also had a direct involvement in the housing and mortgage collapse.

                    Jacob, “Jack” Lew  also served as the Director of the Office of Budget and management from 1998-2001. Lew was an “Special Assistant” to President Clinton in ’93-’94, only to then be injected into OMB by Clinton as an Executive Associate Director and Associate Director for Legislative Affairs from 1995-1998. ( a glorious-sounding title for a political operative/lobbyist)  Fast forward to today, and we see that Jack Lew is in fact, just another White House political-propagandist appointee who has been appointed to his position to spread Barack Obama’s misinformation.

  The proof behind that statement can be found here, where Jack Lew was exposed on national TV when he made the statement that Obama’s latest budget proposal can not pass the U.S. Senate simply because it “takes 60 votes to pass  it.” As Larry Kudlow points out there,  it only takes 51 Senate votes to pass Obama’s budget proposal, and there are currently 53 Democrats serving in the U.S senate. So why would the very experienced White House Chief of Staff, former assistant for budgetary legislative affairs at the OMB, and former fat-cat-Citigroup lobbyist  Jack Lew all of a sudden state that Obama’s budget is “dead in the water’ simply due to the misstatement that it takes 60, not the factual 51 votes to pass it in the Senate? Simply put, because Jack Lew is nothing more than a political propagandist spewing misinformation on national TV to protect Barack Obama’s most recent episode of Budgetary Buffoonery.

 Obama’s budget will never receive a vote in the U.S. Senate, simply because it is controlled by Democrat Harry Reid, and to do so in an election year would expose not only Barack Obama’s much-hoped-for trillion-dollar deficits for the next 10 years if passed, but it would also put Reid’s fellow Senate Democrats on the hot seat if they were forced to vote for it. ( a whopping 23 of which are up for reelection in 2012) Jack Lew is no rookie when it comes to budgetary legislative policy and procedure, as can be evidenced in his past positions as Clinton’s chief OMB lobbyist and influence peddler back in the 90’s.

   Yet Jack Lew goes on national TV recently, and promotes the lie that Obama’s budget is dead in the water in the U.S. Senate, alluding ( or trying to) to Obama’s reelection campaign [that is running against the do-nothing Congress] that includes falsely accusing Republicans of being obstructionists. This is exactly what House Speaker Boehner has done recently in Calling Harry Reid’s Bluff  on the payroll tax cut battle.  He wants the House to pass a clean tax cut extension bill and force Harry Reid and the Democrats to vote on it in the Senate. Just like Obama’s budget, Harry Reid will refuse to bring the clean tax cut extension up for a vote in the Senate.

Meanwhile the media operatives just love to publish Jack Lew’s recent misinformation,( without correction) while also refusing to point out the facts about what Harry Reid is doing in the Senate. They are all working for the Obama2012 reelection campaign and the truth be damned.

Big Government Incompetence: Pew Study Shows U.S. Voter Registries Totally Corrupt

A recent Pew Study  shows the U.S. voting registry to be a massive failure, including the following facts:

There are currently nearly 2 million dead people on active voter registries across America.

1 in 8 voter registrations is invalid or contains major inaccuracies, according to the study.

Almost 3 million Americans are currently registered to vote in multiple states.

The U.S spends over 12 times as much to maintain voter lists as does Canada.

Pew’s research suggests that elections authorities need to take a proactive approach to rooting out errors and keeping lists current, rather than relying on voters to correct errors and make changes to their registration. So what are Americans paying the government all that money for?

There is a very simple solution to this problem, and it is called Voter ID. Contrary to what some Democrats say about how there is no vote fraud in America, The Faces of Vote Fraud slide-show tells us a different story. Requiring Voter ID when voting makes it very difficult for dead people to vote, among other things. Protecting our electoral system from vote fraud is needed to retain our true form of Democracy in America. All states should pass Voter ID laws and enforce them vigorously in the 2012 elections. Every fraudulent vote cast makes one honest person’s vote not count for anything. Demand Voter ID America.

 

Payroll Tax Cut : House GOP Call Harry Reid’s Bluff

The battle to extend the payroll tax cuts until the end of this year has reached a very welcome milestone recently. The House Republican leadership announced a clean tax cut extension bill yesterday, that does not include the added unemployment extensions nor the extension of the medicare “doc fix” that has been required since the passage of Obama-care, (which lowered the payments received by health-care providers in order for Obama to claim that the passage of Obama-care would result in the reduction the national debt.)  The GOP is calling Senate Majority Leader Harry Reid’s (LD-NV)  bluff by dropping any demands for offsets to pay for the tax cut extension.  Speaker Boehner is calling for a vote on the bill this week, depending on how the rank and file House Republicans react to it.

Daniel Horowitz offers the GOP some very sage advice in moving forward on the unemployment extensions and medicare “doc fix” after forcing Harry Reid to bring the clean tax cut extension to the Senate floor for a vote: (emphasis added)

They (Republicans) are leaving out the entitlement spending extensions and daring Senate Democrats to oppose their clean tax cut – one that they have “championed” for the past few months.

Going forward, Republicans must stand strong against pressure to slip the entitlement spending into the payroll tax cut deal.  Once they are free from the burden of shooting the hostage (the tax cut), they should negotiate hard for the rest of the package.  They should be guided by the following principles:

  • No extension of UI benefits unless UI is permanently reformed to reflect a real insurance program, not a European-style social welfare program.
  • No extension of doc fix until Medicare is permanently reformed with free-market solutions to bring down the broader costs and preempt the need for doc fix or any payment formula.
  • Both extensions must be paid for with real offsetting cuts during the period of the extension, not over 10 years.
  • We should be working on a long-term solution for the payroll tax now, so we won’t fall into the same trap next December when we will be forced into another ineffectual short-term stimulus type of tax cut.

 

Now if Senate Republicans will just follow the House’s lead and show some backbone in blocking Harry Reid’s sure-to-come counter-proposal, Republicans will gain the leverage needed to deal with the never-ending federal unemployment benefits and the doc fix without adding to the destructive debt-cycle Democrats have put America into over the last 3-plus years of trillion-dollar deficits. Senator Mitch McConnell? You and Senate Republicans are soon to be the next in line to step up to the plate and reinforce the House Republicans clean tax cut extension bill. Don’t strike out. America is watching.

More Obama Budget Buffoonery

President Obama’s newly released budget proposal will add another $1.3 trillion dollars to the nation’s already skyrocketing [under Obama] national debt. Why is it when Democrats propose a budget it is always heavily laden with “let’s borrow more today and start spending less tomorrow” trickery and false promises. As Grover Norquist reminded the folks at CPAC last weekend, Democrats promised President Reagan $3 in spending cuts for every dollar in new taxes, and then reneged on that promise after taxes were raised and instead increased government spending. Democrats also proved to be dishonest once again, when they promised President H.W. Bush a 2 for 1 cuts-to-new taxes promise, and again increased government spending instead of the promised cuts in spending. Now we see President Obama trying to pull the same trickery through dishonesty again, in his latest budget buffoonery.

Obama’s latest 2012 budget is “promising budget cuts” of a whopping $4 trillion dollars .. .wait for it…. some time in the very distant future. What happens in the current year of 2012? America’s debt-spender in Chief borrows another $1.3 trillion dollars that will be put on the backs of future generations of Americans, including every current taxpaying man, woman, and child. That statement is not just an opinion, it is a fact backed up by the President’s own words when he referred to the 2012 budget he is proposing. “We must transform our budget from one focused on speculating, spending and borrowing to one constructed on the solid foundation of educating, innovating and building,” the administration said. (emphasis added) In layman’s terms, that translates into, “Give me trillions more now that will make me out to look like a hero, while future administrations will be forced to mandate Greek-style austerity measures that include future super high taxation and government cuts in spending that resulted in the current burning chaos in Greece last weekend. For more related information on just how Greece’s debt problems were caused by big government hope and change mania, just like what Obama is doing in America, please read this.

Obama’s proposed 2012 budget gimmickry is outlined by some of the following info-bytes, courtesy of Fox News: (emphasis added)

The $4 trillion, 10-year spending plan — the last Obama budget proposal before the presidential election — uses savings from the Iraq and Afghanistan military withdrawals to drive down the deficit, pledges $476 billion over six years for infrastructure projects, $350 billion in short-term stimulus-style spending for job creation and $60 billion for teachers and first responders. It offers little in the way of entitlement reforms, the biggest driver of the national debt.

What is truly astounding is that not one so-called news agency is exploring the question of why does this “budget” use supposed savings and include spending cuts over 10 years? This is supposed to be a yearly budget, not a 10-year budget. Surely, President Obama doesn’t think that the Republicans controlling the House of Representatives are going to fall for the trick of the promised future budget cuts for more debt spending this year like Reagan and H.W. Bush did, does he? According to Obama’s current Chief of Staff, Mr. Jacob Lew. yes they do think Republicans are that gullible, according to Lew’s own statement concerning the amount of “promised budget cuts” in the future:

Added all together, Obama Chief of Staff Jacob Lewclaims that for every dollar of revenue in the plan, spending will be cut $2.50.“The goal is $4 trillion. This gets us to the goal,” Lew told “Fox News Sunday.”

Democrats lied to then President Reagan on the promised 3-to-1 spending cuts to taxes ratio, did it again to H.W. Bush on the 2-to-1 cuts to spending ratio, so now Obama and the Democrats have split the difference, promising [future] spending cuts of $2.50 for every dollar increase in the proposed Democrat’s big government debt-spending plan in 2012. Wake up America, especially the Republicans who are now in charge of the House.  Please do not fall for this budget buffoonery, which “promises” spending cuts in the future for another added $1.3 trillion dollars in national debt this year. Barack Obama will be long gone by the time America will be forced to deal with her [big government] debt problems, leaving Republicans to face the civil chaos of Greek-style austerity measures in the future.

Solyndra-Style DOE Loan Report Released

The Obama administration was caught red-handed giving a half-billion, taxpayer-funded green energy loan to a [now bankrupt] green energy company in what is now known as the Solyndra  pay-for-play scandal. While the media downplayed the event, thanks to citizen reporting and social media programs on the Internet, most concerned citizens are now aware of how the Obama administration and the DOE have been using Solyndra-style green energy loans to fill Democrat’s campaign coffers at taxpayer expense.

To add insult to injury, Solyndra employees were caught by a news crew effectively throwing away more taxpayer dollars, as can be seen here. As the public outcry about this taxpayer abuse became louder, Congress started holding hearings about just what went down at Solyndra. So what’s the White House to do under such scrutiny? They hire the former treasury official, Mr. Herb Allison, the former Treasury official who oversaw the TARP [fraud] program to spin up a “report” to try to paint the Solyndra scandal in a good light. This is nothing more than propaganda 101 folks, designed to sweep the Solyndra scandal under the rug. Nothing to see here folks, just move along.

The recently released, ” W/H ‘Independent’ Report on DOE Loans” can be read in it’s entirety here.  While the White House relies on the keywords “independent” and “outsider” in an attempt to make it appear as if this report was done by someone with no DC connections, as noted above it was, in fact, done by the former TARP overseer Mr. Allison. That would be the very same TARP program in which there was very little transparency in spending almost a trillion dollars of the people’s money, which has left most people wondering just where all that money went today.  In a quick response to the release of this report, Rep. James Sensenbrenner Jr. (R-Wis.) stated, “This is less a report than an umbrella to deflect the criticism that’s pouring down on the Administration,” In other words, file this report under the Obama-propaganda 101 category.

The Hill came out with an article on the DOE Energy Loan report that has some interesting factoids about this report: (emphasis added)

An outside review of the Energy Department’s embattled green energy loan program calls for several steps to improve oversight but also provides lower estimates of taxpayer risk than an earlier federal forecast.

The “reduced risk” to taxpayers odds of losing their hard-earned dollars, according to this report, has now went down from an estimated $5 billion dollars to a new and revised number of $3 billion tax dollars being put at rick of loss. Color the taxpayers happy and break out the champagne! Does that “reduced figure” of $3 billion lost taxpayer dollars contain the previously lost billions in several bankrupt green energy scams , including  Solyndra? No it doesn’t, and the Obama administration wants the citizenry to forget the lost/stolen/wasted, half a billion tax dollars for the Solyndra pay-for-play scandal, just like they are stonewalling Congressional investigations, lying and trying to cover up the Fast and Furious gunrunning scandal that got Brian Terry and thousands of other folks murdered by assault weapons sold by our very own government!

What is also a semi-hidden mind-massage that is being sent to Congress by this report, is that big government needs to get bigger.  Again this is in reference to The Hill article that states: “The report calls on the department to name a “Chief Risk Officer” who would head up a “Risk Management unit” charged with monitoring the loans.” A New Chief officer is now needed to head up a new risk management unit, all on the taxpayer dime because the current incompetents could not properly do their jobs in protecting the people from the taxpayer abuse described above.  Here is a serious hat tip: If the DOE is so incompetent that it can not properly protect the taxpayer from fraud and abuse, while doling out hundreds of billions of tax dollars, then abolish the whole frigging department immediately!

In summary, the recently-released so-called “W/H independent, outsider report is a bunch of bunk put out to allow the current administration to continue using the DOE green energy loan program as a reelect Barack Obama campaign and democrats slush fund, period. Let’s hope Congress is listening to this and takes action to stop any further green energy funding fraud that is designed to reelect Barack Obama and company. That must include no tax dollars to fund the new DOE loans Chief Risk Officer and his bureaucratic big government unit that this propaganda piece posing as an “independent report” is plotting towards starting.

 

 

 

Governor Scott to Expand Port of Tampa

Florida Governor Rick Scott recently released the following announcement on Wednesday, Feb. 10, 2012.

Governor Scott Announces Plan to Expand Port of Tampa Petroleum Facility

 This week, while at the Governor’s Luncheon at the Florida State Fair in Tampa, I announced a a bold new initiative aimed at upgrading and modernizing Tampa’s port system. This 50-50 partnership between the State of Florida and the Port of Tampa will allow the port to handle up to five million more tons of petroleum products a year after it’s completed in 2014. The port estimates the project will create over 641 construction jobs, as well as more than 8,200 direct and indirect jobs over the next 30 years.

By prioritizing vital transportation products, we can make Florida a better place for businesses to grow and expand and help get Floridians back to work. This project will enhance Florida’s infrastructure and get our state ready for a new generation of international trade with the Caribbean, South America and beyond.

I invite you to visit the links below to find out more about the expansion of the petroleum facility at the Port of Tampa, as well as other initiatives designed to create jobs in our state, ensure Florida’s children have access to a quality education, and keep the cost of living low in Florida.

Governor Scott’s pro-growth policies  have reduced unemployment in Florida by 2% in 2011, as he continues to work towards fulfilling his election campaign promises to create 700,000 new jobs in Florida in 7 years, produce balanced budgets and reduce the size and scope of big government in Florida.  He has installed new free trade agreements with Panama and Colombia, balanced he state budget in 2011 without raises taxes, and in fact he gave businesses and families a tax cut. Governor Scott  recently announced his 2012 Leglislative preview, in which stated that in 2011, “We began reviewing and eliminating hundreds of unnecessary rules and regulations that have hamstrung business owners in Florida. We scaled back the size of state government and created a business environment in Florida that has allowed us to create 87,200 private sector jobs since January.

And with the help of the Legislature, we also passed landmark education reforms that put students first, eliminated tenure, and laid out a path to pay effective teachers as professionals.  We’re off to a great start, but there’s a lot more work to be done. Starting tomorrow, and continuing over the next few weeks, I will be rolling out my legislative agenda for the 2012 session.

The proposals you will see reflect my three most important jobs as Governor— getting our residents back to work by growing quality jobs in the private sector; keeping the cost of living low for all Floridians; and building a world-class education system through continued improvements in our K-12 and higher education institutions”

Governor Scott’s first full year has been quite successful, considering the budget deficits he inherited, and the current recession America still struggles with. While the media and certain propagandists in Florida like to label Governor Scott as the most hated Governor in the country, his current pro-growth policies, coupled with streamlining state government agencies and reducing overbearing regulations has shown remarkable results in moving Florida forward. Thank you, Governor Scott.

Obama’s Class Mate Speaks Out!

An email that went viral back in June of 2010 is now making a comeback as we head into the 2012 Presidential elections. In that email we see Mr. Wayne Allyn Root, a college classmate of Obama’s, stating some very strong opinions about just who Barack Hussein Obama really is, his religious beliefs, and his overall ideological agenda. The only changes made to the entire email are formatting and sentence structure, while word for word it is kept  intact. – D.J. Redman

OBAMA’S COLLEGE CLASSMATE SPEAKS     OUT By Wayne Allyn Root , June 6th,     2010

 

 

 

 

 

Barack Hussien Obama is no fool.  He is not incompetent. To the contrary, he is brilliant.  He knows exactly what he’s doing. He is purposely overwhelming the U.S. Economy to create systemic     failure. Economic crisis and social chaos — thereby destroying capitalism and Our country from within. Barack Hussien Obama was my college classmate.  ( Columbia University , class of ’83). He is a devout Muslim do not be fooled. Look at his Czars…anti-business..anti- American. As Glenn Beck correctly predicted from day one!  Barack Hussien Obama is     following the plan of Cloward &Piven, two professors at Columbia University .. They outlined a plan to socialize America by overwhelming the system. With government spending and entitlement demands. Add up the clues below. Taken individually they’re alarming. Taken as a whole, it is a brilliant, Machiavellian game plan to turn the United States into a socialist/Marxist state with a permanent majority, That desperately needs government for survival … and can be counted on to always vote for bigger government. Why not? They have no responsibility to pay for it.
Universal Health Care .  The health care bill had very little to do with health care. It had everything  to do with unionizing millions of hospital and health care workers, as well as adding 15,000 to 20,000 new IRS agents (who will join government employee unions). Obama doesn’t care  that giving free health care to 30 million Americans will add  trillions to the national debt.  What he does care about is     that it cements the dependence of those 30 million voters to Democrats and big government. Who, but a socialist revolutionary would pass this reckless spending bill in the middle of a depression?

Cap &Trade.  Like health care legislation having nothing to do with health care, Cap &Trade has nothing to do with global warming. It has everything to do with redistribution of income,  with government in control of the economy and a criminal payoff to Obama’s biggest     contributors. Those powerful and wealthy unions and contributors (like GE, which owns NBC, MSNBC and CNBC) can then be counted on to support everything Obama wants. They will kick-back hundreds of millions of dollars in contributions to Obama and the Democratic Party to keep them in power.  The bonus is that all the new taxes on Americans with bigger cars, bigger homes and businesses helps Obama “spread the wealth around.”

Make Puerto Rico a state. Why?  Who’s asking for a 51st state? Who’s asking for  millions of new welfare recipients and government entitlement addicts in the middle of a depression? Certainly not American taxpayers. But this has been Barack Hussien Obama’s plan all along. His goal is to add two new Democrat senators, five Democrat congressman and a million loyal Democratic voters who are dependent on big government.
Legalize 12 million illegal Mexican immigrants. Just giving these 12 million potential new citizens free health care alone could overwhelm the system and bankrupt     America . But it adds 12 million reliable new Democrat voters who can be counted on to support big government.  Add another few trillion dollars in welfare, aid to dependent children, food stamps, free medical, education, tax credits for the poor, and eventually Social Security.    

Stimulus and bailouts. Where did all that money go? It went to Democrat contributors, organizations (ACORN), and unions — including billions of dollars to save or create jobs of government employees across the country.  It went to save GM and Chrysler so that their employees could keep paying union dues. It went to AIG so that Goldman Sachs could be bailed out (after giving Obama almost $1 million in contributions). A staggering $125 billion went to teachers (thereby protecting their union dues). All those public employees  (unions) will vote loyally Democrat to protect their bloated salaries and pensions that are bankrupting America.

The country goes broke, future generations face a bleak future, but Obama, the Democrat Party, government, and the unions grow more powerful. The ends justify the  means. 

Raise taxes on small business owners, high-income earners, and job creators. Put the entire burden on only the top 20 percent of taxpayers, redistribute the income, punish success, and reward those who did nothing to deserve it (except vote for Obama).

Reagan wanted to dramatically cut taxes in order to starve the government.  Barack Obama wants to dramatically raise taxes to starve his political opposition. With the acts outlined above, Barack Hussien Obama and his regime have created a vast and rapidly expanding constituency of voters dependent on big government; a vast privileged class of public employees (unions ) who work for big government; and a government dedicated to destroying capitalism and installing themselves as socialist rulers by overwhelming the system.  Add it up and you’ve got the perfect Marxist scheme — all devised by my Columbia University college classmate Barack Hussien Obama using the Cloward and Piven Plan.  Note:  This letter was “Correctly attributed” says snopes! http://www.snopes.com/politics/soapbox/overwhelm.asp .

America can choose to bury her head in the sand and stand by doing nothing to stop the Socio-Marxist plan to finish her off as we know her… or she can stand up and fight against the reelection of Barack Obama in 2012. The time is now. Get active, spread information like this to everyone you know. America’s future propserity and freedom depends upon it!

STOCK Act Passes in House 417- 2. Here Come the Hypocrites

The STOCK Act passed in the House by a vote of 417 – 2 , yet there was still plenty of complaining and partisan bickering during it’s passage on Thursday.  S. 2038, also known as the STOCK ACT is,  “An original bill to prohibit Members of Congress and employees of Congress from using nonpublic information derived from their official positions for personal benefit, and for other purposes” according to govtrack.us . This bill was rapidly drawn up in response to the taxpayer outrage that followed a 6o Minutes special that proved that several members of congress were indeed profiting from insider information that is kept from the public sector.

First of all, how did members of Congress away with 78 years of illegal insider trading that would land the average American in prison? According to Fox Business , insider trading was made illegal way back in 1934.( by the Securities Exchange Act of 1934)  The rules contained within the Securities Exchange Act of 1934 make it illegal for anyone to profit from insider information being used in the trading/buying/selling of stocks, as was witnessed when Martha Stewart went to prison for dumping her shares of ImClone to avoid big losses in the future.  It was proven that she had used inside information that the stock was going to tank, so she dumped her shares. Off to prison she went, while members of Congress benefited from the very same insider trading for the last 78 years, all because the rules of the 1934 Securities Exchande Act somehow, accidentally, (sarc) exempted Congress from obeying the very law that they had written to prevent insider trading. A quick browser search does not pull up one single member of Congress who has ever done prison time for illegal insider trading, even though they have been allowed to do it for over 78 years. Amazing.

   Ex- Speaker of the House Nancy Pelosi took to the House floor on Thursday to praise the passage of this bill, while also stating what can only be seen as one of the most hypocritical statements to ever come out of Congress: (emphasis added)

 “I too want to join the distinguished Majority Leader, Mr. Cantor, in praising the leadership of Congresswoman Louise Slaughter, our Ranking Member on the Rules Committee, and Congressman Tim Walz, for their extraordinary leadership over time.  Their persistence, the approach that they have taken to this—to remove all doubt in the public’s mind, if that is possible, that we are here to do the people’s business and not to benefit personally from it.

Is that not hypocritical to the tenth degree, after reading the following info-byte from the Fox Business article cited above?  “And these deals aren’t limited to one party or the other… In 2008, former  Speaker of the House Nancy  Pelosi (D-CA) was granted access to the Visa IPO back in 2008 while the  House was considering credit card legislation that would hurt the credit card  industry. Her initial $220k investment went up $100k in two days.”

In summary, we see that members of Congress have been allowed to profit from illegal insider trading for almost 8 decades, 60 minutes does a special based on based on a book by Peter Schweizer titled Throw Them All Out: How Politicians and Their Friends Get Rich Off Insider Stock Tips, Land Deals, and Cronyism That Would Send the Rest of Us to Prison, which exposed what has to be considered just the tip of the iceberg on insider trading by Congress, and which named Nancy Pelosi as one of the offenders. Now she wants the public to give her credit for getting the STOCK Act passed to put a stop to illegal insider trading by members of Congress.  Martha Stewart went to prison for her insider trading, yet Nancy Pelosi wants the American public to reward her and the Democrats by voting them back in control of the House in 2012 for their insider trading. Only in America could people be so gullible, largely thanks to the Liberal political operatives posing as news reporters, and their blatant refusal to report the truth.

While the passage of The STOCK Act is a very welcome  piece of legislation, one has to wonder why illegal insider trading by members of Congress has been allowed to go on for over 7 decades in the first place. NOTE: Will this “bill that prevents members of Congress from participating in illegal insider trading” actuall call for criminal charges and/or prison time when they are caught,  such as was the case with Martha Stewart?  The House passed this bill on Thursday, yet according to govtrack.us, we the people are not able to actually read the bill to see what is in it, once again. “The text of this legislation is not yet available on GovTrack.  It may not have been made available by the Government Printing Office yet.’ (as of 02/10/2012.)

 

 

Is General Motors Truly Back on Top of Auto World?

General Motors Corporation recently laid claim to being the world’s largest automaker, as headlined in The Detroit News  last month.  “General Motors Co. says it sold more than 9 million cars and trucks worldwide last year — a 7.6 percent increase that allowed the company to reclaim the title of world’s largest automaker.” After GM posted it’s profits and sales figures boasting of reclaiming to be the world’s largest automaker, German manufacturer Volkswagon released a statement saying that when trucks are added into the equation, that Volkswagon, not GM took over the title as largest automaker in the world.  Also of note is the fact that the massive earthquake and subsequent tsunami that struck Japan last march disrupted Toyota’s manufacturing and distribution systems, and after Toyota was back up to speed, flooding in Thailand forced key parts suppliers to suspend shipments, opening the door for other manufacturers to overtake Toyota’s title of world’s top automaker that it had held since overtaking GM in 2008.

Motor Trend published Volkswagon’s claims as follows: (emphasis added)

Now Volkswagen is disputing the claims and suggesting that it bested GM last  year. According to Automotive News, Volkswagen’s 8.16-million figure  doesn’t include sales from commercial  truck divisions MAN and Scania. Once those figures are added, it will  significantly bolster VW’s annual sales tally.

On top of that, GM’s sales figure was padded with about one million sales by  Chinese automakers SAIC Motor Corp. and Wuling Motors Co. — companies with which  GM has joint ventures, but in which the American company does not have a  controlling stake. If those sales were excluded and VW’s truck figures added,  Volkswagen would probably steal the global sales crown from GM.

2011 Automotive Company U.S. sales  fast facts:

GM- U.S. sales rose by 13% over 2010 numbers,  while Volkswagon’s U.S. sales rose by 23.3%.  Chrysler sales rose by 26%, and Ford’s sales rose by 11% over 2010. Imports BMW and Merceces Benz were also up 13%,  according to KHSLTV.

GM’s Chevy volt sales took a nosedive from  previously reported anemic sales due to the reports of the car exploding in a fireball during testing. GM sold 7700 Volts in 2011 and only 603 volts were sold in Jan. 2012. This was well short of stated goals of 10,000 in 2011 and has forced GM to walk back there stated goal of selling 45,000 Volts in 2012.

Due to under-performing GM stock prices, the U.S. taxpayer is currently estimated to be on the hook for almost $24 billion dollars in losses.

GM Avoids Paying Taxes on Profits thanks to Obama and Geitner adding illegal exemptions into TARP deal. Pay-to-Play 101.

GM to date has not mentioned the total of $45 billion dollars in tax write-offs given to them in the Obama/Geitner TARP deal. The Harvard Law School Forum  published the following little-know facts  about GM’s deal:

New GM has the factories, offices, designs and some of the workers that Old GM had. It also acquired some $18 billion worth of its NOLs (the losses themselves were $45 billion). It could not use them to reduce its corporate income tax liability immediately – it earned no income against which to apply them. But in 2010 New GM did finally turn a profit. Presumably, it will now start using its NOL’s (net operating losses) to avoid its corporate tax. (emphasis added)

The problem lies within certain “notices” written by the Treasury where GM/U.S. Treasury will not have to abide by  tax laws that other companies who sell stock do.

To solve this problem, the Treasury issued a series of “Notices.” The Sec. 382 rules, it declared, simply did not apply to itself. When it sold its shares in New GM, its buyers might increase their ownership stake by 50 percentage points, but they would not trigger the Sec. 382 limits. The tax code offered no exception for government-owned shares, and the Treasury did not purport to find one. Instead, it just declared that the law did not apply. Treasury issued several similar “Notices” for AIG and Citigroup. Through the TARP transactions, both of these firms experienced ownership changes over 50%. By law, they lost their NOLs. By “Notice,” the Treasury announced that it would let them keep the losses. (that allows GM and the Obama-supporting UAW, to avoid paying approx. $45 billion dollars in taxes.)

In an article titled  Can the Treasury Exempt its Own Companies from Tax? The $45 Billion GM NOL Carryforward, the author of the above-linked report worked with Eric B.Rasmussan to expose just how the U.S. Treasury and the Obama administration illegally gave the GM Unions tax exempt status as the GM bailout moved forward: (emphasis added for clarity)

 We do not address the wisdom of the bailouts. Neither do we ask whether giving a multi-billion-dollar tax break to an automobile or financial company makes sense. Instead, we focus on the propriety of the Treasury’s manufacturing a tax break. We find two aspects of the transaction especially troubling:

  • a. The GM Notice transfers a large amount of money to one of the largest contributors to the administration’s party, the UAW. The UAW was merely an unsecured creditor to GM – yet through the reorganization it emerged with a much larger equity stake than its interest warranted. Through this Notice, the government now transferred vast sums of money to it.

 

  • b. The GM Notice hides the real cost of the TARP bailout. Involving as it does very complex provisions of the corporate tax code, the Notice escapes virtually all public scrutiny. Yet at root it cuts the firm’s future taxable income by $45 billion. The true total cost of the TARP transactions does not involve only the direct outlay; it also includes the $45 billion in future income that the Treasury freed from tax.

Finally the report further states that in order to avoid public outcry about the huge transfer of cash to the Obama-supporting UAW, they did it through a legally unauthorized exemption.

Had the administration given such a large amount of cash to the UAW, the public would have complained massively. The administration gave it through a legally unauthorized Sec. 382 exemption, and no one noticed.

We conclude the article by exploring procedural reforms Congress might adopt to prevent a recurrence of what happened with GM. We urge it to give legislators standing to contest in court any tax benefits that the Treasury provides.

Understanding these truths about how the Obama administration and the Treasury have transferred billions of taxpayer dollars to the crony-capitalists at GM and the UAW also debunks the rosy picture the media is painting about GM’s current boasting of a planned $10 billion dollars in profits in 2012. The stock held by the U.S. Treasury, bought and paid for with tax dollars is currently worth about half of what it needs to be to break even and recuperate the bailout cash. When Obama and the Liberal Democrats preach about evil corporations and successful business owners not paying their fair share of taxes today, they somehow refuse to mention GM and their $45 billion-dollar tax  exemption gift that was given to them as a down-payment for the United Auto Workers reelect Obama 2012 campaign.

Footnotes: Do Americans want four more years of  these types of taxpayer abuse and Liberal crony-capitalism? Barack Obama claims to have saved a million autoworker jobs while refusing to discuss how much it cost the taxpayer in real-time total dollars. While Obama-supporting Union workers at GM rake in record salaries and benefits, along with huge bonuses, the rest of America is stuck dealing with skyrocketing energy prices and an overall massive increase in the cost of everyday necessities, while the average wage increase for 2011 was a measly 1.9%, according to this BLS report.  Unemployment is still  stubbornly high , and now the Obama-led Democrats want to hand out another extension of  an already record high time limit of federal U/E benefits at taxpayer expense. America is being systemically collapsed under the weight of trillions of dollars in debt, and now we will soon see Obama and company raise the debt limit another trillion-plus dollars. The big news last week was that GM is the “largest” automaker in the world, (which is debunked here) and the “new GM success” is being used to promote Obama’s reelection. Had Ford Motor Company got a $45 billion-dollar tax exemption, ( like GM)  their profits would in fact, surpass GM’s 2011 earnings by tens of billions od dollars.  It is about time the American people demand an end to big corporations such as GM being allowed to steal billions of taxpayer dollars in order to give them to reelect Obama cronies and assorted union bed-pals. That starts with defeating Barack Obama in 2012.

Santorum’s Sweep of 3 [Non-Binding] Caucuses Proves He is the Only Conservative Running?

At least that is what the political operatives were saying last night on Fox News, especially Charles Krauthammer while he was on the O’Reilly show. This comes after CK stated that Santorum is the first “admirably worthy conservative alternative” to Mitt Romney in the Washington Post  back on Jan. 5.  Today, the big political “news” is that Rick Santorum has swept all three of last night’s caucuses/fake [non-binding] primaries in Missouri, Colorado and Minnesota. Brett Bair (also of Fox News) referred to these three caucuse/primary votes last night as non-binding beauty contests, with no actual delegates being won by a victory. For the rest of this week, expect to hear such flowery phrases as “Santorum has gained momentum and could see a campaign fundraising boost”  or  “Santorum is the conservative alternative to Mitt [ Jello} Romney,” blah blah blah.  This is the political dog and pony show of faux sensationalistic media circus acts that sadly passes as news reporting today. Is it any wonder that people are so politically uninformed today that they would elect a junior Senator from the political corruption capitol of the world as the President of the United States on an undefined “Hope and Change” fraud? In a nutshell, yes it does and yes they did.

Mr. Krauthammer is largely considered to be a brilliant political analyst with excellent oratory skills today. Keeping that in mind, how do his “Santorum is a worthy conservative” statements stack up against Senator Rick Santorum’s actual voting record?  Not very well, if you were brave enough to check out the truth in that fact-sheet. Krauthammer appears to have fallen into the exact same category of the once respectable conservative pundit and leftist basher extraordinaire, Ms. Ann Coulter. That would be the “say anything for a buck and to get attention while ignoring true conservative principles” category that Coulter exhibits today in her “vote for the proven conservative Mitt Romney campaign.”  Is she referring to this Mitt Romney,  when she went on her recent tirade of praising Romneycare  after trashing it back in November?  Ann Coulter’s recent flip-flop off the conservative high dive into the “elect the only candidate who is moderate enough to beat Barack Obama” cess pool of say-anything-for-a-buck irresponsibility, is an astounding about-face. When Coulter speaks about the mob-mentality that she has explained in recent books so often, maybe there should be a chapter titled “Us flip-floppers have to stick together.”

As far as Charles Krauthammer goes, he has to try to protect his high-paying, high-wire conservative commentary act [and reputation], while also putting out enough controversial statements, [see Santorum is a worthy conservative above] that gain attention, TV viewers, and readers, to justify his next fat contract with Fox News. The fact remains that, as proven in the above-linked article on Santorum’s voting record, he is a proven big-government conservative. How’s that for the ultimate in oxymorons?

Finally, the only proven conservative in the GOP candidate field, Newt Gingrich is being trampled, lied about, and smeared by the likes of Coulter, Krauthammer and the establishment GOP in true Democratic Attack Machine  fashion.  Is Newt Gingrich really a proven conservative?  This article  shows us just what Gingrich accomplished in a very tough political environment. Despite the D.A.M. lies and misinformation about the balanced budgets during Speaker Gingriches tenure, (which are heavily promoted in most browser searches) this article points  out just why Gingrich is a danger to the old guard, establishment GOP that has had a big hand in our trillion-dollar-deficits.

Amid all the tax-cutting and agency consolidations (in Newt’s plans if elected POTUS) would come a return to a fiscal policy that he said emanates “directly from the Reagan playbook.”

“I think these kinds of steps would move us toward a very dramatic job growth, which is the best way to move towards a balanced budget—by getting people off of unemployment, off of Medicaid, off of food stamps, get them back into earning a living and paying taxes,” he said.

Gingrich wants to limit the size and scope of government, which would cut off the big government grifters entrenched in DC from buying votes and influence with taxpayer dollars. Gingrich also wants to limit the government to spending less what they take in each year, as in creating a true balanced budget, yet the mainstream media talking points never include these important facts.  Our government has gotten so big that we are now approaching $16 trillion dollars in debt, which equals our entire GDP.

Ask Greece how that scenario works out. They too, ignored the serious-minded fiscally conservative candidates for the last 20 years or so, only to elect moderates just like Mitt Romney and numerous” big government conservatives”  like Rick Santorum. Barack Obama has loaded up the back seat of the failed Chevy Volt with our entire economy and will drive it right off the Greek-style debt cliff if given another four years. Electing so-called “electable moderates” and “big government conservatives” will also crash and burn the U.S economy just like the firebomb now known as the Chevy Volt will do, when it plunges off the debt cliff and hits rock bottom.

 

 

H.R. 1734 Fed. Firesale to Reduce Deficit Actually Adds Taxpayer Debt

The U.S. House of Representatives is currently working on passage of H.R. 1734The Civilian Property Realignment Act.  According to TheHill.com, “The House on Monday night set up several votes on amendments to a bill that would set up a commission that would make recommendations on the sale of federal property in order to reduce the deficit.”  Of interest to the informed voters across America that are witnessing the current President campaigning against the do-nothing Congress, along with numerous Liberal media mouthpieces claims that the Democrats are being shut out of the Republican-led House legislative process, is the fact that several Democratic amendments have already been allowed to be inserted into this bill.  For example: (emphasis added)

Two other Democratic amendments were also accepted to the bill, H.R. 1734, by voice vote. One was from Rep. Sheila Jackson Lee (D-Texas), to add a sense of the Congress that the commission should provide assistance to small and minority-owned businesses.

The second, from Rep. Russ Carnahan (D-Mo.), would require the General Services Administration (GSA) to evaluate the life-cycle costs of holding the building before constructing or leasing a new building.

Another amendment, from Rep. Gerry Connolly (D-Va.), would allow the GSA to override the congressionally approved recommendations of the commission and allow property to be given at no cost to create park land. But Republicans indicated opposition to this amendment, and Connolly asked for a recorded vote, expected Tuesday.

While H.R. 1734 was originally drawn up to help decrease our federal deficits, it actually increases the taxpayer share of the federal debt, according to WashingtonWatch.com.

The CBO cost estimate of H.R. 1734 , which was done prior to the latest round of amendments in which we see Rep. Lee (D TX) demanding the usage of using this bill to “provide assistance to small and minority-owned businesses,” and Rep. Connolly (D-VA) demanding that the federal property be given at no cost to create park land.

The federal firesale of property to reduce the deficit has evolved into a federal giveaway to certain sectors of society after the above mentioned Democrats were allowed to use it to buy votes and peddle influence from certain groups. The end result will be more deficits and taxpayer debt, regardless of the description of the original bill that claims it will reduce federal deficits. Also of note is the inclusion of requiring the amendment to mandate the GSA to evaluate the life-cycle costs of holding the building before building or leasing it. This proves that Congress has been buying/leasing/building projects without doing proper cost analysis to evaluate the total cost of the projects to the taxpayer in the past. That tidbit of information is a big part of why many voters are fed up with self-serving politicians who seem incapable of controlling government spending through responsible, all-inclusive budgeting and cost analysis.

  Once again,  a bill designed to reduce government deficits and debt has morphed into a big-government influence-peddling and vote-buying scheme that will actually add to the already burdensome taxpayer debt.  This was all done under the guise of bipartisanship in the House, where we see exactly how the big-government Liberal Democrats have added amendments that turned this bill into adding more taxpayer debt, instead of reducing it by selling off excessive, expensive, and unneeded land and buildings that should never have been purchased with taxpayer dollars in the first place.

In summary, referring to the above-linked CBO cost estimate of H.R. 1734, we see the following budgetary gimmickry being used to cover the huge costs of implementing this bill: (emphasis added)

H.R. 1734 would establish the Civilian Property Realignment Commission (CPRC) to provide recommendations to better manage federal buildings and facilities. The bill  would require the commission to recommend the sale of at least five specific civilian facilities that have a combined estimated fair market value of at least $500 million. The  legislation also would authorize the appropriation of $20 million to fund the commission and $62 million to implement the commission’s recommendations. Recommendations of the commission, including sale of high-value property, could not be implemented unless approved in subsequent legislation.

Assuming appropriation of the specified amounts, CBO estimates that implementing H.R. 1734 would cost $3 million in 2012 and $68 million over the 2012-2017 period.

The new big government commission (CPRC) established by H.R.1734 will cost the taxpayer a total of $82 million dollars. Big government just got even bigger, thanks to H.R. 1734, and the wizards of Congress. And this was all done under the guise of being a bipartisan, deficit-reduction bill.

 

Three-Dollar-Bill Obama

Way back in the early days of America, there were a wide assortment of traveling salesmen roaming from town to town selling everything from pots and pans to “magic elixir” guaranteed to cure everything from warts to polio. These unscrupulous traveling elixir peddlers became known by several terms, the most popular of which referred to them as “snake oil salesman.”    Another way of referring to them was expressed in the phrase, “He is as phony as a three-dollar bill,” simply due to the fact that there is no such thing as an American three-dollar-bill. As the 2012 Presidential elections draw nearer, it is becoming more evident by the minute that we currently have a President that is indeed, as phony as a three-dollar-bill. Thus the phrase Three-Dollar-Bill Obama

While on the current taxpayer-funded campaign trail, President Obama constantly states that the national debt and trillion-dollar-plus yearly deficits are a serious threat to our national security, which is 100% correct. The problem there is that his statements are intended to paint himself as some kind of  small government champion while the facts about federal spending show him to be as phony as a three-dollar-bill. See the following chart for the truth. While the chart show the yearly deficits from 2002-2010, covering the G.W. Bush years and Obama’s first two years in office, keep in mind that in the year 2011, Three-Dollar-Bill Obama rang up another whopping $1.3 trillion-dollar deficit!

Next up high on the list of Obama fallacies is the infamous statement that Obama-care will reduce the cost of health-care in America while increasing the quality of care. ( And giving everyone “free” health insurance.) This phony-as-a-three-dollar-bill statement is debunked in a very easy-to-read style here.

Finally, Three-Dollar-Bill Obama is claiming that the do-nothing Congress hasn’t made any attempt to reduce the federal debt and deficits while refusing to acknowledge the fact that the House of Representatives has passed numerous bills to reduce big government spending and move our economy forward, which Liberal Democrat and chief obstructionist, Senate leader, Harry Reid has refused to allow to come up for a vote. This is proven here,   here and once again, here. 

Do we really want to allow Three-Dollar-Bill Obama four more years of saying one thing while doing just the opposite?  As President Obama continues his taxpayer-funded reelection campaign this year while refusing to actually work with Congress to solve America’s problems, expect more three-dollar-bill Obama statements to be debunked on a regular basis here at CDN. ( If any readers have other false Three-Dollar-Bill Obama statements that need to be published here at CDN, drop them in the comment section please.)

The Motor City Plunges Off the Greek-Style Debt Cliff

Detroit, Michigan has long been known as the motor city due to it’s being the home of the big-three auto-makers ever since the first mass-produced automobiles rolled off the assembly line of Ford Motor Company.  As the population of America increased and the demand for more automobiles skyrocketed, along with it came massive doses of wealth and prosperity for the Motor City and it’s home state of Michigan.

Fast forward to the year 2012, and we see the city of Detroit facing Greece-style austerity measures due to a $200-$300-$400 million dollar hole in it’s operating budget. (Depending on who’s numbers you believe)  Government services have been slashed, workers laid off and now we see that Detroit May Close Half of it’s Schools. “According to the Detroit News, Detroit Public Schools considered filing for bankruptcy in 2009 but declined.  In the past year alone, debt in the district has increased by more than $100 million, brought on by a ‘mix of revenue declines in property taxes, reduced state aid, declining enrollment and an unplanned staffing surge’ this past fall.” That was almost exactly a year ago, and apparently the Detroit Labor Unions are still bankrupting the Motor City today.   Add to that past crop of debt-caused austerity measures, the current reports that the State of Michigan will be forced to appoint another emergency manager with broad powers to cut spending” if city employee unions and the bureaucrats do not reach a deal on major concessions proving that Detroit’s debt problems can no longer be ignored.  How can a school system that is millions of dollars in debt, while facing declining enrollment and revenues, justify the above-mentioned “unplanned staffing surge”?  UNIONS.

Mike Shedlock sums  up the situation as follows, regarding the supposed deals to save Detroit announced by Detroit Mayor Dave Bing:

Deal Reached?
Mayor Bing is taking his script straight from Greece where a deal has been “close” for days, weeks, and now months.

What’s Best for Detroit?
The best thing for Detroit would be if there is no deal, or the state rejects the deal.
Unions are the problem and the solution is to get rid of them entirely. That will not happen under Bing, but it could happen in a state takeover.
Bing is not interested in what’s best for Detroit taxpayers nor is he interested is what’s best for Detroit school children where shockingly only 25% graduate high schools. Rather, Bing is out to save as much of the status quo as he can, including his own job of course.

Collective Bargaining has Morally and Fiscally Bankrupted Detroit Schools.

In the ultimate example of Mayor Bing proving to be nothing more than a big spending and tax increase [Democrat] denier of reality, last week Bing began firing 1000 of the city’s 11,300 public employees, has proposed a 10% cut in payments to vendors, and wants to double the 1% tax on corporations.  He proposes all of this while largely remaining silent about the real culprit that is driving the Motor City off of the debt cliff: Public Unions lavish salaries, pensions and benefits packages.

NOTE:  The Detroit Public School System is controlled by a Big Labor Union, resulting in over half of Detroit’s adults being deemed illiterate.

Update: Detroit makes top 10 list of America’s most miserable cities. (again)

 

$25 Million-Dollar Lawsuit Filed Against ATF

U.S. Border agent Brian Terry was murdered on U.S. soil by a Mexican drug cartel member carrying an assault weapon made available to him by the U.S. Government in the Fast and Furious gunrunning debacle. Agent Terry’s parents have been denied any closure in this situation by cover-up king and DOJ Chief Eric Holder and company, so they have decided to sue the ATF, (which is run by the DOJ) in what looks like a case of seeking truth and justice, as opposed to it just being about the money.  The family was denied a chance to speak out against this travesty when they were denied status as crime victims by the very same man who’s office led Operation Fast and Furious, U.S. Attorney Dennis Burke. As Human Events points out:

Agent Terry’s family asked to be granted status as crime victims, so they could talk with prosecutors and speak at Avila’s sentencing.  It’s a routine request… but to the surprise of many observers, the U.S. Attorney’s office in Arizona has denied them.  William LaJeunesse of Fox News reports:

U.S. Attorney Dennis Burke argues because the family was not “directly or proximately harmed” by the illegal purchase of the murder weapon, it does not meet the definition of “crime victim” in the Avila case. Burke claims the victim of the Avila’s gun purchases, “is not any particular person, but society in general.”

Prominent litigator and the former U.S. Attorney in Florida, Kendall Coffey disagrees.

“The government apparently is saying they’re not victims, even though it was a federal crime that put the murder weapon in the hands of the killer of Brian Terry,” says Coffey. “They are simply rights of respect, rights of communication and the right to be heard.”

The Terry family has lost a son that would still be alive today if the U.S. Government hadn’t perpetuated the crime of  ordering the sale of assault weapons to Mexican drug cartels. To add insult to injury, the government is trying to shut them up by denying them crime victim status. The Terry family has taken a stand against big government cover-up, and will now be heard in a court of law, which will also be heavily reported in the media. ( at least the slim part of the media that still actually reports the truth)

Fox News  is covering the story, and is reporting on the reasons for the lawsuit as follows:

In a 65-page complaint, served on the government on  Wednesday, attorneys for the family claim ATF “wrongdoing” in Operation Fast and  Furious.

“ATF’s failures were not only negligent but in  violation of ATF’s own policies and procedures,” the complaint claims.

The family has also filed a claim against the Lone  Wolf Trading Company seeking unspecified damages for negligence in selling the  weapons to the purchaser and aiding and abetting in Mexican drug cartels’ conduct.

The claim says Lone Wolf knowingly sold “hundreds of  weapons” to various straw purchasers and in turn realized “hundreds of thousands  of dollars in profits from these sales.”

The claim alleges that “but for defendants’  negligent and illegal sales … Brian Terry would not have been murdered in the  Arizona desert on Dec. 14, 2010.”

The family is seeking a jury trial.

Finally, as of Wednesday, the ATF was unavailable for comment.  Comment or no comment, someone is going to be held accountable for this terrible injustice, and that should start with DOJ Chief justice-denier and serial liar Eric Holder.  The ATF is in fact, an agency within Holder’s Department of Justice. This happened on Holder’s watch, yet he has refused to comply with congressional subpoenas and has been caught lying to Congress, which has resulted in recently threatened contempt of congress charges.

UPDATE: Democrats release fake report  trying to protect Holder and company. Eric Holder will once again tell Congress how he knew nothing about fast and furious today when he goes before the House Oversight Committee  and Darrell Issa.

 

Behind the Big-Money Romney Win in Florida

  Mitt Romney’s decisive victory over Newt Gingrich in the Florida GOP primary race carries with it some harsh truths concerning the American political process today. First and foremost is the money-factor, as in the following facts:

  1. According to NBC, the Romney super PAC , Restore Our Future had raised $17.9 million dollars as of the end of December, with millions more being pumped in during the month of January.
  1. The big money donors who gave the Romney PAC over 1 million include billionaire Elliot Management hedge fund chief Pat Singer, along with other hedge fund heavyweights, Julian Robertson of Tiger Management and Robert Mercer of Rennaissance Technologies. Also handing out million-dollar donations to the Romney PAC were Florida Energy mogul Bill Koch of Oxbow Carbon, Miguel Fernandez of MBF Healthcare Partners, and Rooney Holdings of Tulsa Oklahoma. Three executives from Bain Capital also chipped in a total of $625 grand.
  1. As of last week, CSM had the Romney PAC outspending all others by a 20-1 margin in Florida. The majority of that cash went towards attack ads against Newt Gingrich after he surprisingly stomped Mitt Romney in the S.C. Primary.

Next up, there is the fact that in a time where many people seeing a strong demand for a more conservative President in 2013, Mitt Romney doesn’t quite fit the bill:

     According to ABC News, “Yet, while the result pulled Romney back to his strong New Hampshire showing, there was enough in the results to give Newt Gingrich a continued source of ammunition. A substantial 41 percent of Florida voters described Romney’s positions on the issues as “not conservative enough”; among all non-Romney voters, 67 percent said so. Gingrich, indeed, won “very” conservative voters by 42-30 percent, won the strongest anti-abortion voters by 15 points and won strong supporters of the Tea Party political movement – more than a third of all Florida primary voters – by 12 points

    Finally there remains the fact that the overall “non-Romney vote,” which would factor into the overall results should certain failing candidates decide to drop out of the race, forcing people to choose between the moderate Romney or the conservative Gingrich is very high. Richard Miniter points this about the battle between Romney and the non-Romney vote: (emphasis added)

“Meanwhile, Romney’s heavily negative advertising only drives Tea Party activists and other conservatives from one non-Romney candidate to another. Divide and conquer is a storied strategy; it may well work in Florida. But it doesn’t build votes for Romney. The non-Romney vote–despite millions of dollars, months of media coverage and dozens of debates—remains stubbornly north of 60% among Republican voters. If Romney is going to defeat Obama, he will have to unite the Grand Old Party behind him. So far, there is no evidence is any state that he can do just that.

Now that Florida is settled, and Mitt Romney will garner 50 delegates from the winner-take-all primary, yet with Newt Gingrich pledging to battle right up to the GOP convention in Tampa, Florida, the 2012 GOP nomination for president is far from over.