Archive for bailout
Port Authority
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Dockworkers and truckers on the west coast were largely ungracious about the Occupy movement’s efforts on their behalf. Protesters attempted to disrupt capitalism by shutting down ports from San Diego to Anchorage, causing workers to be sent home without pay.
The president, who disrupted the the Keystone Pipeline and the jobs that go with it, has previously said of the protesters, “you are the reason I ran for office“.
Newt Loot
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As surprise front-runner Newt Gingrich begins unpacking his baggage in Iowa the first item up for inspection is his $1.8 million dollar punched ticket on the Freddie Mac gravy train.
The figures in the chart for Franklin Raines and James Johnson are from IBD. Gorelick’s $26 mil came from CNSnews.
Real Scandal
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Politico had over 90 stories last week about the Herman Cain sexual harassment allegations. It’s still unclear just what is being alleged but it doesn’t appear to include pulling down his pants and ordering a subordinate to “kiss it”. That would be the charge against President Bill Clinton from about the same era.
Oddly, women’s groups swarmed to the defense of the “lovable rogue” and, after being impeached, he weathered the storm – minus his Arkansas law license.
None of us, however (at least not the 99%), weathered the storm caused by another scandal with racial overtones. Paul Sperry reported in IBD, how Clinton pressured financial institutions to make home loans to the un-creditworthy. Meanwhile, MSN Money quotes David Weidner, of Marketwatch, saying Clinton’s biggest mistake was the repeal of Glass-Steagall.
Business Week reported this week that, after stating a $4.4 billion loss for the third quarter, Freddie Mac will seek an additional 6 billion dollar bail-out from taxpayers.
Stuck on the Tarmac
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More than 200 JetBlue passengers were stranded on the tarmac for 7 hours on Saturday. The Boeing plant in South Carolina has been sitting on the tarmac since April. Pelosi thinks it should stay that way until its workers un-decertify their union.
Private Sector Doing Just Fine Until the Rape and Murder Begins
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Unable to push Obama’s jobs bill though the Senate, Democrats shoved it through the chipper instead and hope to pass it piece by piece. Wednesday’s piece was money for the public sector. Harry Reid said this is important because “the private sector is doing just fine“. Joe Biden deflected heat from Harry’s howler by threatening murder and rape if we don’t pass this piece of… legislation right away.
Here are some job numbers since Dec 2007 from IBD: private sector – 5.4%, public sector at all levels – 1.75%, public sector federal level +2.29%. Also, Bloomberg reports the average federal salary in Washington, DC is $126,000.
One Percent Pander
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In an ABC interview with Jake Tapper last night, Obama reached out to the Occupy Wall Street crowd and called for a more “egalitarian” society.
No word yet on a bail-out for Wall Street’s investment in Obama.
Update: It turns out the president is still raking The Street.
President’s in Glass White Houses Shouldn’t Throw Bricks
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Continuing to lead from behind, Obama followed the examples of Dick Durbin and the Occupy Wall Street Teatotalitarians (your totalitarian alternative to the Tea Party) by taking a whack at the banks. True, banks are greedy. I think it’s in their mission statements. They maximize bail-out dollars for pension fund shareholders.
Still, there was no mention of the gal who made it all possible – Fannie Mae.
Whistle While You Work
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Bloomberg reports Solyndra’s boarded up factory was lavish and spa-like, complete with whistling robots.
Solar Nexus
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The president hasn’t had much luck with his plan to raise taxes, increase stimulus, and direct the green economy. This week his problems seemed to converge on the Solyndra scandal.