05/2/10

May Day Pictures

By: Carolyn Cooke

http://picasaweb.google.com/BermanPost.com/512010ImmigrationRally

Like what you see? This is what is coming with amnesty, with more through chain migration. 100 million over the next decades…

Think they will assimilate? Think they respect the rule of law under the US Constitution?

Look at the communist & Che flags. Makes sense why the liberals are so anxious for amnesty, doesn’t it?

For any Tea Partiers who are already upset with the socialist takeover of this country, be forewarned, that is exactly why the liberals/socialist in our government want these people to become citizens en masse.

05/2/10

Is Washington Bankrupting America?

Hat Tip: Jean Stoner

http://www.bankruptingamerica.org/2010/04/20/new-video-is-washington-bankrupting-america/

According to a recent GWU Battleground poll, 74 percent of likely voters are “extremely” or “very” concerned about the current level of government spending. And 58 percent think the level of spending is unsustainable.

Is the public right? Is Washington bankrupting America? Some facts from the video:

Spending per household has risen over 40 percent in the last 10 years – and is set to do so again in the next 10 – pushing debt (and interest on the debt) to unprecedented levels. But that’s just a result of past spending.

Add in our government’s $106 trillion in future spending commitments – that cannot be paid for – and it becomes clear that our government’s spending is setting the country down a path toward bankruptcy.

We can solve it, but politicians will have to make tough choices.

Increasing taxes can’t do the trick ($106 trillion is equivalent to taking all of the taxable income from every American nine times over), nor is it fair to saddle taxpayers with a problem created by government irresponsibility.

We need real spending reform. Merely returning to the spending per household levels of the 1990s would balance the budget in three years.

Yet, policies under Bush and Obama have made the problem worse, not better: budget cuts that pale in comparison to spending increases, more lobbyists, more earmarks, expanded spending on autopilot programs like Social Security and Medicare, and savings gimmicks that don’t amount to meaningful change.

Reform can only be achieved if the public is informed and engaged. You can start by doing the following:

(1) Share this video with at least 5 friends, family and coworkers.

(2) If you haven’t already, subscribe to receive emails from us (you’ll be first to receive our videos and other timely info about economic policy).

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(Excerpt) Read more at bankruptingamerica.org

05/2/10

How The Hell Did GM Pay Back Its Loans “in Full And Ahead of Schedule”? Well, It Didn’t.

Hat Tip: Jean Stoner

ReasonTV — April 30, 2010 — General Motors CEO Ed Whitacre has bragged in TV commercials and newspaper columns that GM has paid back its bailout “in full and ahead of schedule.”

As with the Pontiac Aztek, an ugly exterior masks an ever darker problem: Whitacre is being fanciful to the point of deceit. GM received $50 billion in TARP funds (never mind that TARP was only supposed to cover financial institutions). About $7 billion of that came in the form of a straight-up, low-interest loan. And about $13 billion came in the form of an escrow account.

So how has GM, which lost $38 billion in 2007 even as it sold 9.4 million cars, paid back its debt? It took money from the escrow account to pay back the $6.7 billion loan.

Do you remember when you were a kid and your parents gave you $20 to buy them a Christmas present? You bought them something worth $3 and pocketed the rest? That’s what GM has just done.

Oh, and do you remember when you hit your parents up for college? GM has applied for a $10 billion, low-interest loan from the government to modernize its plants so its cars will meet new federal mileage standards.

If you think all this constitutes paying back their debt in full and ahead of schedule, you might want to check out the new line of GM cars. And hope that the company’s safety engineers are better at math than their CEO.

05/2/10

We Are Turning Into Greece…

Hat Tip: Jean Stoner

Leftists, Communists and Illegal Immigrants march in LA and the police react… You can bet this video will be used for propaganda. I assume they are shooting rubber bullets to break up the protest and they gave multiple warnings. But it is a deeply sobering sight to see this many police and see similar scenes that are being witnessed now in Greece.

Don’t think there wasn’t violence as they are proclaiming – there was. You can’t have radicals and gangs marching without it. And look at the garbage in the streets – it looks more like a third world country than like LA.

One note, the Constitution does not speak of human rights – it speaks of individual rights. Individual liberty, not collective standing as in Europe.

05/2/10

More Evidence the Obama Affair Story is Bunk

By: Snarky Basterd
Feed Your ADHD

IOTW broke this stunning news early this morning: BarackRoll emphatically refutes the National Enquirer story claiming infidelity at the highest levels of the land.

Meanwhile, the Enquirer has stripped most of the meaty details from the original story and is now kinda, maybe, backing away from their initial claim that there is video evidence of an affair between Zero and Vera Baker with the alleged testimony of an anonymous chauffeur.

I told you the story couldn’t be true.

UPDATE: Seriously, though, Obama does not appear to like women.

It’s kind of understandable. Even his own “wife” can’t beat a drag queen in a beauty contest:

05/2/10

Links To Visit – 05/02/10

Free Republic – May Day 2010, Finding the Authentic in a Day and Time of Distress (Hat Tip: Jean Stoner)

Free Republic – Unification Church will put Washington Times up for sale (Hat Tip: Jean Stoner)

Legal Insurrection – Questions I Never Want My Children To Ask (Hat Tip: Larwyn)

The American View – What is a Republic Anyway? (Hat Tip: Carolyn Cooke)

examiner.com – Obama: Objecting to my policies is dangerous

Free Republic – May 1st Update – The Key House Races – Primaries in IN, NC and OH on Tuesday May 4 (Hat Tip: Jean Stoner)

Big Government – A New Job for Andy Stern, it’s Not the White House…Yet (Hat Tip: Jean Stoner)

Right Wing News – At Correspondents Dinner, Obama Takes Partisan Shots, Also Shots At Private Citizens (Hat Tip: Larwyn)

The Washington Post – From an old-school conservative, advice for the tea party

WND – New ‘safety plan’ would control what you eat

Continue reading

05/2/10

Financial News Update – 05/02/10

MELTDOWN: Greece Gets $146 Billion Bailout

Largest ever assembled for a country… Junk Bond Sales Set Record

Oil Spill Halts Fishing

Greece Reaches Deal for Rescue Package

Obama bans new energy exploration

Bill Would Expand Government Surveillance of Banking Transactions (Hat Tip: Jean Stoner)

Bailout Bill Would Require Banks to Track and Report Personal Checking Accounts to Feds (Hat Tip: Brian B.)

General Electric CEO Challenged at Stockholder Meeting (Hat Tip: Brian B.)

The Future Of The Global Public Debt Explosion (Hat Tip: Jean Stoner)

Repaying Taxpayers With Their Own Cash (NYTimes Admit Obama/Gm/Treasury faked it) (Hat Tip: Jean Stoner)

California’s Man-Made Drought (Hat Tip: Brian B.)

SurvivalBlog:

Credit-rating agencies under fire in Europe crisis. Chad’s comment: “I wondered what the real problem was–is it that credit-rating agencies are skewing the truth or is it that governments are just trying to soft-pedal how bad their self-inflicted financial mess is.”

Riots, Violence Break Out at Greek May Day Rallies.

After the IMF Bails Out Europe, the U.S. May Have to Bail Out the IMF

Greek Debt Crisis Rattles Asian Markets, Sends Oil Price Tumbling

Spain Downgrade Sparks European Sell-off; Greece Bans Short-Selling as Panic Spreads

Is Britain Heading for a Greek Tragedy?

The Death of Goldman Sachs

Greek Crisis Compared to “Ebola Virus”; IMF Warns Problem Could Spread Across Europe