Tag Archives: Crony-Capitalsim

LightSquared and GPS Interference

Imagine you are at the controls of a small single engine airplane. You are flying in the clouds, relying on your instruments to keep you out of trouble. All you see out your windscreen is gray. You are setting up for an instrument (ILS) approach to a small airport. You are 1000 feet above the ground. To your right is a 2500 foot hill and to your left is a 1500 foot hill. Your glide-slope has you right on the mark. The displays on your instrument panel should have you popping out of the clouds at 500 feet above the ground, one and a half miles from the end of the runway, lined up on final approach.

Enter LightSquared. Imagine that while still in the clouds, lining up for final approach, your ILS receiver, which relies on GPS data from an on-board GPS receiver loses it’s signal or begins to report inaccurate information. Now where is that runway…and where are those hills?

Bloomberg reported on Friday, that leaked test results show LightSquared’s equipment, which is designed to provide terrestrial based wireless broadband mobile service, interferes with 75% of existing GPS equipment.

LightSquared has responded by claiming the leaked test results were incomplete in that the power levels used in the test are higher than those the company proposes to use. They stated further that using their proposed power levels, the system would only interfere with 10% of existing GPS equipment. Indignant, LightSquared has also called for an investigation into who leaked the results.

The complete test results are due to be released on Wednesday.

LightSquared came under fire earlier in the year, when, according to a story in the Daily Beast, Air Force General William Shelton told the House strategic forces subcommittee in closed session, “that the White House asked the general to alter his testimony to add two points: that the general supported the White House policy to add more broadband for commercial use; and that the Pentagon would try to resolve the questions around LightSquared with testing in just 90 days. Shelton chafed at the intervention, which seemed to soften the Pentagon’s position and might be viewed as helping the company as it tries to get the project launched, officials said.”

Majority investor in LightSquared, Philip Falcone has consistently given money to both democrats and republicans.

A series of e-mails and documents obtained by The Center for Public Integrity in September, document contacts from company officials and White House staffers concerning the company’s project, and requesting a meeting at an Obama fundraiser.

Capitalism vs. Socialism a Short History Lesson/ Behind the Occupy Wall Street Protests

The current Occupy Wall Street/ Occupy L.A, and Occupy Chicago protests all carry one main theme: Evil capitalism must be abolished so Liberals can enforce their Social Justice fraud upon the people of America. It all hinders on the underlying Marxist wealth redistribution agenda inherent in all Socialist movements throughout world history. These protests are simply a remake of centuries old societal battles between the haves and the have-nots. It simply boils down to the Capitalism inherent in a free market society vs. Socialism/Soft Communism and it’s share-the-wealth fraud.  Milton Friedman explains this in a short video simply titled, Greed

 

 

As Mr. Friedman asks in the above video, just where are these Angels that are supposed to come along with the Socialism that Liberals always say will produce a better society? No system has done more for the betterment of a country’s society than the free market system has proven to do in all of world history, period. When these anti-capitalism protests started a little ways back, they appeared to have many demands that were aligned with the grassroots Tea Party movement . They were protesting certain bailouts, big government expansion and crony-capitalism. Keep in mind that many political movements are  frequently not what always they appear to be, and this movement is no different. This past weekend there were numerous signs that this movement has now been co-opted by elements from within the Obama administration, if they were not in on the initial planning to begin with. This past weekend we saw  no less than five Obama-supporting Unions busing in lots of people, along with many Leftist celebrities making appearances to draw attention to these movements. Then we saw the appearance of the admittedly Socialist Senator Bernie Sanders show up at the Occupy Wall Street protests as to somehow give these protests validity. Socialism vs evil Capitalism is what these protests are all about here, and it is right out there for all to see. This is also right out of the  very same Chicago community organizing handbook that now has inserted a man into our White House. Coincidence? Not hardly, unless you are really naive and totally uninformed today. 

Why would Obama and/or his handlers and political operatives be involved in orchestrating these protests? How about the fact that the biggest influence behind the 2012 elections will be the terrible economic recession, high unemployment, and the failed stimulus package that are all a direct result of Barack Obama’s anti-Capitalist roots that drive his policy-making? The facts are out, and the people will be making Obama a one-term President in 2012, and he is desperate do anything that will once again shift the blame towards Republicans. These protests are an attempt to distance Barack Obama from his failed policies and the massive increases of national debt he has piled onto the backs of our children. Notice how quickly the big Unions jumped into these protests? They are also desperate to remain in power, and they need another four years of Obama’s "making sure that Unions have a seat at the White House dinner table," as Obama stated in 2008 while begging for the Union votes to get into the office at 1600 Pennsylvania Avenue. 

These Wall Street protests have Obama written all over them. The protesters are carrying signs against the 2008 G.W. Bush TARP bailouts, (which were drafted and passed through a Democratic Senate and House at the time, by the way ) yet not one single protester was seen carrying a single sign protesting any of Barack Obama’s  numerous bailouts of GM, Chrysler, big banks, Wall Street and the failed $826 billion stimulus bill. Not one. Coincidence? Not hardly. How about the fact that not one sign has been seen denouncing Obama and company’s $528 million dollar taxpayer loan to the now bankrupt Obama campaign donors in the Solyndra Solar debacle? That sure looks like the evil crony-capitalism they are supposedly protesting at these Occupy Wall Street protests doesn’t it? 

While these protests may have started out innocently enough as a true grassroots movement, (which is highly doubtful) every single aspect of the protests in Chicago, (Barack’s turf) L.A. (Barack’s home state away from home) and New York, (plenty of do-nothing sheep living in the streets there to join in) It now has all the footprints of the Obama 2012 reelection campaign being orchestrated in the Chicago community organizing mold. When it comes to big money, Chicago-style politics, there simply are no coincidences.

Crony-Capitalism Gone Wild !

Crony capitalism * is a term describing an allegedly capitalist economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, and so forth.

Crony capitalism is believed to arise when political cronyism spills over into the business world; self-serving friendships and family ties between businessmen and the government influence the economy and society to the extent that it corrupts public-serving economic and political ideals.

Pictured at left is a very good example of  Crony-Capitalism in it’s most extreme from. Sitting next to Barack Hussein Obama is Mr. Jeffrey Immelt, the current CEO of General Electric.  Obama appointed this crony as the head of another of his do-nothing community organizing-type commissions,  this time it was the  Council on Jobs and Competitiveness.  With G.E.’s history of being the biggest U.S. Job Exporter in history, I find it astounding that Immelt/G.E.  is on this council. Maybe this council should be more aptly titled the Council on how to Export U.S. Jobs overseas and further crush the American economy ?   Mr Immelt was also present when the President of China was given a warm, communism-promoting state dinner in our very own whitehouse earlier this year. Several Media outlets made sure to point out the fact that Immelt is a Republican who gave to both political factions in 2008, while using this fake Council on Jobs announcement to try to make people think Obama is a born-again Capitalist, instead of the far-left ideologue he has proven to be over the last two years of trying to destroy capitalism in America.  Also of note here, is what kind of a Republican would have given money to elect a far left ideologue like Obama back in 2008?  Certain types of  greedy capitalists tend to vote for both sides of the aisle, especially when climbing into bed with the U.S. Government to enrich themselves through Crony-Capitalism is their end goal.

Recently in the news, we saw some shocking reports on how G.E. and Mr. Immelt were shown the favoritism inherent within the Crony-Capitalism of the Obama administration today, in the fact that they will not pay any taxes on over $14 million dollars in profits. In fact, they filed for a $3.2 Billion dollar rebate from the taxpayers! Check out this short video, which is  sure to make your blood boil as you are trying to write  out that tax payment check out soon !

In another version of Obama’s Crony-Capitalism Gone Wild, we have the infamousHealthcare waiver handouts to Obama supporters and assorted  crony campaign puppet organizations. The total number of crony waivers handed out to allow certain people to not have to obey the Obamacare laws is now over 1000, involving  protectionism for over 2.4 million of “his” people. The U.S. House of Representatives held hearings in trying to determine how Obama’s Socialist healthcare puppet, Katherine Sebelius figures out who qualifies for the Obamacare waivers. The Heritage Foundation outlines it all here, in which the following comes to light:

” Darrell Issa (R-CA), chairman of the House Oversight and Government Reform Committee, further questioned the fairness of the application process. He noted that HHS bureaucrats know exactly what company’s application they are reviewing and whether they are union plans. This has arguably led to the disproportional acceptance of waiver application from large corporations and unions. Haislmaier further emphasized that the use of a waiver process has led to a system that is based not on “the rule of law” but rather on “the rule of who you know.”

When discussing Crony-Capitalism Gone Wild and Obamacare waivers , we must not leave the Unions out of the discussion here. RealClearPolitics shines some sunlight on that here, in which the extended arm of Organizing for Barack in 2012 gets some exposure:

” Most noteworthy: One-fourth of all the waivers (182) so far have gone to Big Labor groups across the country.”

And the Service Employees International Union, which poured $60 million into Democratic/Obama coffers in 2008 and millions more into the campaign for the federal health care takeover, added four new affiliates to the waiver list: SEIU Local 2000 Health and Welfare Fund, representing 161 enrollees; SEIU 32BJ North Health Benefit Fund, representing 7,020 enrollees; SEIU Local 300, Civil Service Forum Employees Welfare Fund, representing 2,000 enrollees; and SEIU Health & Welfare Fund, representing 1,620 enrollees.

That’s in addition to three other previous SEIU waiver winners: Local 25 SEIU in Chicago with 31,000 enrollees; Local 1199 SEIU Greater New York Benefit Fund with 4,544 enrollees; and SEIU Local 1 Cleveland Welfare Fund with 520 enrollees. This brings the total number of Obamacare-promoting SEIU Obamacare refugees to an estimated 45,000 workers represented by seven SEIU locals.

The liberal ideologues and their Puppet-Master Obama, along with extra funding from the economic terrorist George Soros and his propaganda arms such as Media Matters, are digging in deep for the 2012 election battle.  All the money and propaganda in the world can no longer hide the fact that they are nothing more than  groups of ragtag anti-American community organizers hell bent on destroying this country. There are 586 days until the 2012 elections, so lets make every singleone of them count, and keep on exposing the anti-American agenda of the leftist ideologues and Obama.  The 2012 elections will make the 2010 massive beat-down of the leftist agenda look like small potatoes, when the hordes of fed-up Patriot Americans hit the polls!

Below is a link to Daniel’s latest podcast – click to listen or right click and save-as to download it for later.

Tax Evasion [Audio]

*http://en.wikipedia.org/wiki/Crony_capitalism