It's a red-letter day, alright.
The US Senate's 60 Democrats presented America with the biggest lump of coal in the country's history on Christmas Eve.
This morning, they passed the abominable disaster they like to call 'health care reform.'
Here's John McCain in a clip from a Sunday appearance on Chris Wallace's Fox News program, discussing the bill, and why it is so disappointing.
I'm looking for the more recent clip featuring McCain naming Democratic Senators who sold out to pass this bill.
Have as Merry a Christmas as you can knowing this millstone is being hung around our necks by these clueless Democratic liberals.
Perhaps the silver lining is how this action will lead to their loss of power in both Houses next November, and, two years later, Wonderboy's ignominious defeat.
Thursday, December 24, 2009
Wednesday, December 23, 2009
Payoffs For Health Care
The list of cutouts and hundred million to billions of dollars of favors to selected states to buy their Democratic Senators' votes on health care is simply stunning.
Here's what the Wall Street Journal compiled in a recent editorial.
Apparently, health care is so popular, as designed by Frisco Nan and Harry Reid, that these enormous bribes to various states were required to get Democratic Senators to vote for this pig.
In an era of excessive spending, how do these Senators justify holding up the rest of the country for such ransoms to pass an unworkable and unwanted health care "reform" bill?
Hopefully, this will provide a simple list of Democratic Senators who will be voted out at their particular next elections.
Tuesday, December 22, 2009
Grasping At Straws
To hear Wonderboy's lies recently, it seems he is grasping at straws now to sell voters on his cherished health care bill.
Anyone who resorts to claiming that a bill must be passed just to achieve 'something,' no matter what the contents, is both foolish, and believes voters are naive.
How can such an educated person expect others to have any confidence in him after he so blatantly calls for passing anything with the name 'health care,' rather than carefully crafting a truly bi-partisan bill which voters would want.
Rushing legislation of this intended magnitude is just folly. And every voter knows it.
Wonderboy is fooling no one. He's only portraying himself as devoid of common sense, values and morals. He is attempting to fool voters and, in the attempt, alienating those who were probably at least willing to give him a chance to prove his campaign rhetoric.
To those whose votes he didn't win, he has merely proved their fears correct.
Both of these groups will take their anger out on the appropriate candidates come November. Or, in some cases, primaries this spring.
Anyone who resorts to claiming that a bill must be passed just to achieve 'something,' no matter what the contents, is both foolish, and believes voters are naive.
How can such an educated person expect others to have any confidence in him after he so blatantly calls for passing anything with the name 'health care,' rather than carefully crafting a truly bi-partisan bill which voters would want.
Rushing legislation of this intended magnitude is just folly. And every voter knows it.
Wonderboy is fooling no one. He's only portraying himself as devoid of common sense, values and morals. He is attempting to fool voters and, in the attempt, alienating those who were probably at least willing to give him a chance to prove his campaign rhetoric.
To those whose votes he didn't win, he has merely proved their fears correct.
Both of these groups will take their anger out on the appropriate candidates come November. Or, in some cases, primaries this spring.
Monday, December 21, 2009
Wonderboy's Priorities
Isn't it ironic that Wonderboy's administration puts universal health care and climate-related legislation or agency actions at the top of its agenda during the worst US economic recession since Ronald Reagan's era?
Despite what this administration contends, Reagan had an equally bad economy with which to contend. Carter, following Ford's bumbling, managed to put the US economy into a stagflation free fall every bit the equal of last year's non-financial economic situation.
The financial panic was just that- an overreaction which allowed too much federal intervention, and effected too little cleansing of the financial sector.
That said, how is it that in the midst of such economic challenges, this administration chooses to put most of its effort behind a new entitlement program and a radical approach to the false issue of human control of the earth's climate changes.
As one Wall Street Journal writer noted, in the past, every other Democratic president attempting this ran into some other priority. Truman had the Korean War, Kennedy, the economy, then his own death, Johnson got Medicare, then Vietnam and inflation tabled the next steps. Clinton faced a Republican Congress.
Now, with majorities in both Houses, Wonderboy is aiming to top LBJ. But the economy's challenges would seem to get in his way.
At least, that's what voters think. The health care bills draw low support numbers among voters, while the specter of exorbitant energy costs from cap-and-tax draw their ire.
One would think the Democratic leaders in Congress, and our First Rookie, would think twice about so overtly crossing voters in an election year.
Perhaps it is about to be a replay of 1994 next November.
Despite what this administration contends, Reagan had an equally bad economy with which to contend. Carter, following Ford's bumbling, managed to put the US economy into a stagflation free fall every bit the equal of last year's non-financial economic situation.
The financial panic was just that- an overreaction which allowed too much federal intervention, and effected too little cleansing of the financial sector.
That said, how is it that in the midst of such economic challenges, this administration chooses to put most of its effort behind a new entitlement program and a radical approach to the false issue of human control of the earth's climate changes.
As one Wall Street Journal writer noted, in the past, every other Democratic president attempting this ran into some other priority. Truman had the Korean War, Kennedy, the economy, then his own death, Johnson got Medicare, then Vietnam and inflation tabled the next steps. Clinton faced a Republican Congress.
Now, with majorities in both Houses, Wonderboy is aiming to top LBJ. But the economy's challenges would seem to get in his way.
At least, that's what voters think. The health care bills draw low support numbers among voters, while the specter of exorbitant energy costs from cap-and-tax draw their ire.
One would think the Democratic leaders in Congress, and our First Rookie, would think twice about so overtly crossing voters in an election year.
Perhaps it is about to be a replay of 1994 next November.
Friday, December 18, 2009
John Kerry's Foolish Contentions
I happened to see a clip of John Kerry being interviewed in Copenhagen just after I rose yesterday morning.
Suffice to say, that sort of experience can put you off your entire day.
It's difficult to overstate the pointlessness of Kerry's officiousness. As a failed presidential candidate, he has zero credibility on many issues. That morning, he was, of course, pushing climate change legislation.
Whatever that ultimately means.
In the wake of the East Anglian email scandal, it takes an especially dense, myopic, shall I say stupid person to claim, as Kerry did, that the science behind this farce is solid, and believable.
As did his fellow Democratic greenie, Al Gore, Kerry likened anyone who doesn't agree with him to also believing the earth is flat.
How can these guys simply ignore the leaked emails between the major global warming proponents in the earth sciences which displayed their hiding of inconvenient evidence that doesn't make their case, stonewalling of opposing views, and outright lies?
I'd say the 'flat earthers' are those Senators, and others, who, knowing of the contents of the East Anglian emails, don't stop to thoroughly review and revisit each and every piece of so-called published evidence ever provided by those arguing for these cumbersome, economy-wrecking carbon- and greenhouse gas-related government initiatives.
Thank God that this administration and cannot simply commit to ill-considered proposals from or at Copenhagen.
Suffice to say, that sort of experience can put you off your entire day.
It's difficult to overstate the pointlessness of Kerry's officiousness. As a failed presidential candidate, he has zero credibility on many issues. That morning, he was, of course, pushing climate change legislation.
Whatever that ultimately means.
In the wake of the East Anglian email scandal, it takes an especially dense, myopic, shall I say stupid person to claim, as Kerry did, that the science behind this farce is solid, and believable.
As did his fellow Democratic greenie, Al Gore, Kerry likened anyone who doesn't agree with him to also believing the earth is flat.
How can these guys simply ignore the leaked emails between the major global warming proponents in the earth sciences which displayed their hiding of inconvenient evidence that doesn't make their case, stonewalling of opposing views, and outright lies?
I'd say the 'flat earthers' are those Senators, and others, who, knowing of the contents of the East Anglian emails, don't stop to thoroughly review and revisit each and every piece of so-called published evidence ever provided by those arguing for these cumbersome, economy-wrecking carbon- and greenhouse gas-related government initiatives.
Thank God that this administration and cannot simply commit to ill-considered proposals from or at Copenhagen.
Thursday, December 17, 2009
Inmates Redesign The Asylum- Barney Frank & Chris Dodd's Bogus New Financial Regulatory Vision
I recently wrote this post discussing the stealth approach that House and Senate Democrats are taking with their financial sector regulatory "reform" bills.
What I didn't adequately touch on in that piece is the very perverse prospect of two of the major architects of the recent US financial services sector's crisis claiming to be capable of redesigning regulatory and related elements to prevent future occurrences of such problems.
Let's recall the facts. Barney Frank personally drove Fannie Mae and Freddie Mac to purchase higher proportions of option ARM, low-doc, no-doc and, generally, poorer-quality mortgages from the private sector. Chris Dodd and fellow Democratic Senator and Finance Committee member Kent Conrad both accepted sweetheart loans from Countrywide, Angelo Mozillo's mortgage finance company, while failing to adequately supervise and rein in the growth of poor quality, often improperly documented mortgage loans. Both also failed to act on Bush administration concerns regarding the explosive growth of Fannie Mae and Freddie Mac through guarantees of bonds backed by the poor quality loans.
Oh, and, by the way, Barney Frank, to my knowledge, has never addressed the contetion that a person with whom he was romantically involved was a lobbyist involved with Fannie Mae. I'm sure it's irrelevant.
Now, these Congressional worthies would have us believe that, having been instrumental in wrecking the residential finance sector and, by extension, the entire US finance sector, they are in a position to tell us how to organize, supervise and regulate the sector in the future to avoid similar calamities.
Nothing could be further from the truth. In fact, they overlook the rather simpler, more obvious solution, i.e., fewer government guarantees and less inept regulation.
If Fed, FDIC, OCC and other regulators had done their job in the first place, Frank's and Dodd's judgemental errors and political favoritism would have been stopped in their tracks. Unfortunately, our vast, overmanned and overly-complicated bank regulatory system failed in its primary mission.
Shouldn't that have triggered a more cold-eyed look at how the current players failed in their regulatory oversight jobs, rather than simply layering on more and more complicated rules, classifications and regulations?
How many people believe that, if someone failed to do their job in the first place, the right solution is to give them increased responsibilities and hope for a better outcome next time around?
Well, evidently, at least two- Frank and Dodd.
What I didn't adequately touch on in that piece is the very perverse prospect of two of the major architects of the recent US financial services sector's crisis claiming to be capable of redesigning regulatory and related elements to prevent future occurrences of such problems.
Let's recall the facts. Barney Frank personally drove Fannie Mae and Freddie Mac to purchase higher proportions of option ARM, low-doc, no-doc and, generally, poorer-quality mortgages from the private sector. Chris Dodd and fellow Democratic Senator and Finance Committee member Kent Conrad both accepted sweetheart loans from Countrywide, Angelo Mozillo's mortgage finance company, while failing to adequately supervise and rein in the growth of poor quality, often improperly documented mortgage loans. Both also failed to act on Bush administration concerns regarding the explosive growth of Fannie Mae and Freddie Mac through guarantees of bonds backed by the poor quality loans.
Oh, and, by the way, Barney Frank, to my knowledge, has never addressed the contetion that a person with whom he was romantically involved was a lobbyist involved with Fannie Mae. I'm sure it's irrelevant.
Now, these Congressional worthies would have us believe that, having been instrumental in wrecking the residential finance sector and, by extension, the entire US finance sector, they are in a position to tell us how to organize, supervise and regulate the sector in the future to avoid similar calamities.
Nothing could be further from the truth. In fact, they overlook the rather simpler, more obvious solution, i.e., fewer government guarantees and less inept regulation.
If Fed, FDIC, OCC and other regulators had done their job in the first place, Frank's and Dodd's judgemental errors and political favoritism would have been stopped in their tracks. Unfortunately, our vast, overmanned and overly-complicated bank regulatory system failed in its primary mission.
Shouldn't that have triggered a more cold-eyed look at how the current players failed in their regulatory oversight jobs, rather than simply layering on more and more complicated rules, classifications and regulations?
How many people believe that, if someone failed to do their job in the first place, the right solution is to give them increased responsibilities and hope for a better outcome next time around?
Well, evidently, at least two- Frank and Dodd.
Wednesday, December 16, 2009
Wonderboy's Financial Plumber
As I discussed a wide range of topics, some business in nature, others political, with my friend B yesterday at lunch, the subject of tax cheat and Treasury Secretary Tim Geithner came up.
I lamented Geithner's wet noodle posture while "negotiating" with Goldman Sachs et. al. over paying them the full value due them from AIG for credit derivatives.
B mentioned conversations he has had with Fed officials who know Geithner. They characterized him as an operations guy. That is, a guy who knew how to run the financial plumbing of the Fed, meaning its various money transfer systems and such.
But nobody ever accused Geithner of being able to fill, let alone even shine, Paul Volcker's shoes. Volcker, you may recall, headed the New York Fed, before being chosen to become probably the most effective chairman of our central bank in its history.
Judging from his stumbles and misfires this year, it looks like my friend's information is correct. Geithner got fleeced by Wall Street CEOs, and, for that dismal performance, was rewarded with the job of Treasury Secretary.
No wonder we still have no sensible financial leadership in Washington.
I lamented Geithner's wet noodle posture while "negotiating" with Goldman Sachs et. al. over paying them the full value due them from AIG for credit derivatives.
B mentioned conversations he has had with Fed officials who know Geithner. They characterized him as an operations guy. That is, a guy who knew how to run the financial plumbing of the Fed, meaning its various money transfer systems and such.
But nobody ever accused Geithner of being able to fill, let alone even shine, Paul Volcker's shoes. Volcker, you may recall, headed the New York Fed, before being chosen to become probably the most effective chairman of our central bank in its history.
Judging from his stumbles and misfires this year, it looks like my friend's information is correct. Geithner got fleeced by Wall Street CEOs, and, for that dismal performance, was rewarded with the job of Treasury Secretary.
No wonder we still have no sensible financial leadership in Washington.
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