Archive for the ‘Wall Street’ Category

SEIU Thugs Take On A 14 Year Old Boy – UPDATED x2

Tuesday, May 25th, 2010

I have often mentioned SEIU, the union co-founded by ACORN’s founder, Wade Rathke. That really should tell people as much as they need to know. Of course, there is more, though. SEIU’s recently resigned director, Andy Stern, has been a frequent visitor at the White House. And yes, SEIU helped to get Obama elected.

The SEIU also held California hostage when it was trying to reduce its payouts by bringing in their good buddy, Obama, to tell Ah-nold that he would get NO federal money if he touched the SEIU wages. Must be nice to have friends in high places, right? We are talking a union with only a little over 2 million members. That is some level of influence for so few people relatively speaking (the US has over 307 million people).

There is an even seedier side to SEIU, too. Who can forget this scene when a Tea Party member was assaulted by SEIU members:



That is but the tip of the iceberg. Here is another example of SEIU violence which, ironically, is directed toward people it wants as members:

If you go to YouTube, and do a search on “SEIU violence,” you will get more hits than most people have time to watch.

But as Erik Erickson pointed out at <a href="http://www.redstate.com/erick/2010/05/24/this-stuff-is-not-supposed-to-happen-in-america/"Redstate.com, what SEIU did over the weekend is taking their brand of intimidation to a whole new low. As he noted, had there not been a reporter (Nina Easton) living next door to the target house, chances are good we would not have known about their little weekend in Maryland.

And what they did is disturbing on oh-so-many levels, as this eye witness account from Ms. Easton highlights:

What’s Really Behind SEIU’s Bank of America Protests?

(Photo by Nina Easton)

Every journalist loves a peaceful protest-whether it makes news, shakes up a political season, or holds out the possibility of altering history. Then there are the ones that show up on your curb–literally.

Last Sunday, on a peaceful, sun-crisp afternoon, our toddler finally napping upstairs, my front yard exploded with 500 screaming, placard-waving strangers on a mission to intimidate my neighbor, Greg Baer. Baer is deputy general counsel for corporate law at Bank of America (BAC, Fortune 500), a senior executive based in Washington, D.C. And that — in the minds of the organizers at the politically influential Service Employees International Union and a Chicago outfit called National Political Action — makes his family fair game.

Waving signs denouncing bank “greed,” hordes of invaders poured out of 14 school buses, up Baer’s steps, and onto his front porch. As bullhorns rattled with stories of debtor calls and foreclosed homes, Baer’s teenage son Jack — alone in the house — locked himself in the bathroom. “When are they going to leave?” Jack pleaded when I called to check on him.

So these are the depths to which the SEIU, an incredibly powerful (thanks, Obama) union with very close ties to Barack Obama, has sunk. They went to someone’s HOUSE to protest, terrorizing – yes, terrorizing – a young teenager:

Baer, on his way home from a Little League game, parked his car around the corner, called the police, and made a quick calculation to leave his younger son behind while he tried to rescue his increasingly distressed teen. He made his way through a din of barked demands and insults from the activists who proudly “outed” him, and slipped through his front door.

“Excuse me,” Baer told his accusers, “I need to get into the house. I have a child who is alone in there and frightened.”

When is a protest not a protest?

Now this event would accurately be called a “protest” if it were taking place at, say, a bank or the U.S. Capitol. But when hundreds of loud and angry strangers are descending on your family, your children, and your home, a more apt description of this assemblage would be “mob.” Intimidation was the whole point of this exercise, and it worked-even on the police. A trio of officers who belatedly answered our calls confessed a fear that arrests might “incite” these trespassers.

Yes, “mob” is the perfect word for what the SEIU members did:

What’s interesting is that SEIU, the nation’s second largest union, craves respectability. Just-retired president Andy Stern is an Obama friend and regular White House visitor. He sits on the President’s Fiscal Responsibility Commission. He hobnobs with those greedy Wall Street CEOs — executives much higher-ranking than my neighbor Baer — at Davos. His union spent $70 million getting Democrats elected in 2008.

In the business community, though, SEIU has a reputation for strong-arm tactics against management, prompting some companies to file suit.

Now those strong-arm tactics, stirred by supposedly free-floating (as opposed to organized) populist rage, have come to the neighborhood curb. Last year it was AIG executives — with protestors met by security guard outside. Now it’s any executive — and they’re on the front stoop. After Baer’s house, the 14 buses left to descend on the nearby residence of Peter Scher, a government relations executive at JPMorgan Chase (JPM, Fortune 500).

Targeting homes and families seems to put SEIU in the ranks of (now jailed) radical animal-rights activists and the Kansas anti-gay fundamentalists harassing the grieving parents of a dead 20-year-old soldier at his funeral (the Supreme Court has agreed to weigh in on the latter). But that’s not a conversation that SEIU officials want to have.

When I asked Stephen Lerner, SEIU’s point-person on Wall Street reform, about these tactics, he accused me of getting “emotional.” Lerner was more comfortable sticking to his talking points: “Millions of people are losing their homes, and they have gone to the banks, which are turning a deaf ear.”

Okay, fine, then why not continue SEIU protests at bank offices and shareholder meetings-as the union has been doing for more than a year? Lerner insists, “People in powerful corporations seem to think they can insulate themselves from the damage they are doing.”

Isn’t that just typical? Rather than actually addressing Ms. Easton’s concerns, she is dismissed as being “emotional.” So, let’s add “sexist” to the increasingly long list of things SEIU is, sadly too many of which are negative. But to Lerner’s accusations:

Bank of America officials dispute Lerner’s assertion about the “damage they are doing,” citing the success of workout programs to help distressed homeowners, praise received from community groups, the bank’s support of financial reform legislation, and the little-noticed fact that Bank of America exited the subprime lending business in 2001.

SEIU has said it wants to organize bank tellers and call centers — and its critics point out that a great way to worsen employee morale, thereby making workers more susceptible to union calls, is to batter a bank’s image through protest. (SEIU officials say their anti-Wall Street campaign has nothing to do with their organizing efforts.) Complicating this picture is the fact that BofA is the union’s lender of choice — and SEIU, suffering financially, owes the bank nearly $4 million in interest and fees. Bank of America declined comment on the loans.

Banks: The new punching bag

But SEIU’s intentions, and BofA’s lender record, are ripe subjects to debate in Congress, on air, at shareholder hearings. Not in Greg Baer’s front yard.
Why the media wasn’t invited

Sunday’s onslaught wasn’t designed for mainstream media consumption. There were no reporters from organizations like the Washington Post, no local camera crews who might have aired criticism of this private-home invasion. With the media covering the conservative Tea Party protesters, the behavior of individual activists has drawn withering scrutiny.

Instead, a friendly Huffington Post blogger showed up, narrowcasting coverage to the union’s leftist base. The rest of the message these protesters brought was personal-aimed at frightening Baer and his family, not influencing a broader public.

Of course, HuffPost readers responding to the coverage assumed that Baer was an evil former Bush official. He’s not. A lifelong Democrat, Baer worked for the Clinton Treasury Department, and his wife, Shirley Sagawa, author of the book The American Way to Change and a former adviser to Hillary Clinton, is a prominent national service advocate.

In the 1990s, the Baers’ former bosses, Bill and Hillary Clinton, denounced the “politics of personal destruction.” Today politicians and their voters of all stripes grieve the ugly bitterness that permeates our policy debates. Now, with populist rage providing a useful cover, it appears we’ve crossed into a new era: The politics of personal intimidation.

To say this “politics of personal intimidation” is unacceptable is a gross understatement. But it seems to be the MO of far too many Obama supporters (e.g., New Black Panthers in Philly, intimidation and machinations of caucuses in Texas, and on it goes). Where does it stop with these people?

Going to someone’s house, in 14 buses, no less, on a weekend, with no permit to protest, and a DC police escort to this home in Maryland, terrorizing a 14 year old boy, takes this to a whole new level, or new depth, however you want to spell it. I spell it, “D-E-S-P-I-C-A-B-L-E.”

UPDATE: Now the DC Metro Police claim they contacted Montgomery County Police, and broke away at the border. The Chief said one police officer accidentally crossed over. A Montgomery Police Captain claimed since the SEIU dispersed peacefully from the front STOOP of the house, there were no arrests. Thanks to ~~JustMe~~ for the link to the video of the SEIU members. I will keep an eye out for the video of the two police officers making their claims regarding the Metro PD, and the Montgomery PD. Currently, there is a major contradiction between what Captain Paul Stark is saying, and the statement issued by Cpl Daniel Friz who said there was NO courtesy call that a protest was heading toward Montgomery County, and that the DC police were ON SITE in MD. Someone ain’t telling the truth here. Wonder why??

FINALLY, here are the two police officers giving their side. Bear in mind that AFTER this interview, the underling in Montgomery County contends there were NO phone calls from Metro DC police:

Watch the latest news video at video.foxnews.com

In Growing Numbers, We Feel Alienated from Our Own Government – Peggy Noonan and Jane Hamsher Explain …

Monday, May 3rd, 2010

If anyone wonders why 24% of the population identify with the Tea Party movement, or what prompted Jane Hampsher of FireDogLake to note that Progressivism Is Dead, while expressing fury at being sold out to corporate oligarchs and government elite, look no further than Peggy Noonan’s WSJ piece, The Big Alienation, which aptly describes the growing sense of disenfranchisement felt by most conservatives, some progressives and many in between. It is as a good a definition as I’ve seen and Party identification seems to have little to do with it:

We are at a remarkable moment. We have an open, 2,000-mile border to our south, and the entity with the power to enforce the law and impose safety and order will not do it. Wall Street collapsed, taking Main Street’s money with it, and the government can’t really figure out what to do about it because the government itself was deeply implicated in the crash, and both political parties are full of people whose political careers have been made possible by Wall Street contributions. Meanwhile we pass huge laws, bills so comprehensive, omnibus and transformative that no one knows what’s in them and no one—literally, no one—knows how exactly they will be executed or interpreted. Citizens search for new laws online, pore over them at night, and come away knowing no more than they did before they typed “dot-gov.”

It is not that no one’s in control. Washington is full of people who insist they’re in control and who go to great lengths to display their power. It’s that no one takes responsibility and authority. Washington daily delivers to the people two stark and utterly conflicting messages: “We control everything” and “You’re on your own.”

All this contributes to a deep and growing alienation between the people of America and the government of America in Washington.

None of this happened overnight. It is, most recently, the result of two wars that were supposed to be cakewalks, Katrina, the crash, and the phenomenon of a federal government that seemed less and less competent attempting to do more and more by passing bigger and bigger laws.

Add to this states on the verge of bankruptcy, the looming debt crisis of the federal government, and the likelihood of ever-rising taxes. Shake it all together, and you have the makings of the big alienation. Alienation is often followed by full-blown antagonism, and antagonism by breakage.

Ms. Noonan also states:

The right never trusted the government, but now the middle doesn’t.

If Jane Hamsher is to be believed, many on the left aren’t thrilled either.

Of course, the White House is going to go after Social Security again. It’s the pot of gold at the end of Wall Street’s rainbow, and they desperately want that injection of cash which could keep their giant ponzi scheme from exploding. . . for a little while.

Lucky for them, Obama has successfully dismantled the opposition that kept George Bush from privatizing Social Security at Wall Street’s behest only a few years ago. Did anybody fail to get that message when majority whip Dick Durbin yesterday told “bleeding heart liberals” that they need to be willing to accept cuts to Social Security and Medicare benefits for the economic well-being of the nation?

…Just as the choice groups sat on their hands for the Nelson amendment in the health care bill, just like the Sierra Club remains mute in the wake of an oil spill the size of Delaware, there will be nothing more than progressive window-dressing in opposition to cutting Social Security benefits this time around. Any of these groups utter so much as a whimper in response to Durbin’s very alarming statement yesterday? Nada. Zip. Zero.

The idea that the right is more “authoritarian” and top-down than the left is absurd.

Good point, Ms. Hamsher – I don’t much trust what’s coming out of either side.

Ms. Noonan then discusses the much criticized law that Arizona’s passed out of frustration to control its borders:

It is doing this because the federal government won’t, and because Arizonans have a crisis on their hands, areas on the border where criminal behavior flourishes, where there have been kidnappings, murders and gang violence. If the law is abusive, it will be determined quickly enough, in the courts…

But the larger point is that Arizona is moving forward because the government in Washington has completely abdicated its responsibility. For 10 years—at least—through two administrations, Washington deliberately did nothing to ease the crisis on the borders because politicians calculated that an air of mounting crisis would spur mounting support for what Washington thought was appropriate reform—i.e., reform that would help the Democratic and Republican parties.

[snip]

The American president has the power to control America’s borders if he wants to, but George W. Bush and Barack Obama did not and do not want to, and for the same reason, and we all know what it is. The fastest-growing demographic in America is the Hispanic vote, and if either party cracks down on illegal immigration, it risks losing that vote for generations.

But while the Democrats worry about the prospects of the Democrats and the Republicans about the well-being of the Republicans, who worries about America?

No one. Which the American people have noticed, and which adds to the dangerous alienation—actually it’s at the heart of the alienation—of the age.

Both Hamsher and Noonan make clear that we don’t have much by way of allies in the persons of our government officials. It is apparent to anyone half awake that Democrats and Republicans, for the most part, capture an issue in furtherance of their careers and little else. There is a line in the movie “Syriana” –

“We want to give the appearance of doing our due diligence. But we don’t want to do our due diligence.”

Noonan uses the issue of government’s failure to secure the border to the same effect in her piece as Hamsher uses “the giant flaming ball of oil being pushed straight for the coasts of Alabama and Mississippi” that “[m]ight be the worst environmental event in decades” in hers – as examples of government ineffectiveness due as the result of succumbing to interest groups rather than doing what is best for the American people.

For those of us at NoQuarter shouting in frustration for over two years wishing for better leadership than what we felt was being foisted upon us all, it is ironic that Noonan may be the first major pundit to make the following observation:

I asked a campaigner for Hillary Clinton recently where her sturdy, pantsuited supporters had gone. They didn’t seem part of the Obama brigades. “Some of them are at the tea party,” she said.

Though I don’t care for her “sturdy, pantsuit” snark –she notes correctly that we feel we have no place in this new world order of the Democratic party. Perrylogan, one of the commenters to Hamsher’s piece, makes clear why:

The progressive movement died during the primaries, when Obama’s supporters started calling their fellow Democrats racists.

Amen.

In the universe of President Obama, the second “Great Uniter” in a row (George Bush II being the first), we are now more divided against ourselves than ever. It also looks as though many are feeling divided from the very people we have elected to protect our best interests.

Much of this is the result of the politics of demagoguery – served up to control the populace rather than to assist it, to divide us from each other, so we never take the time to notice we have far more in common than we realize.

All this jumble is to say that when two ladies from opposite sides of the aisle express this much anger and frustration, it is time for our politicians to wake up – lest we do figure out how to unite peacefully. Then those elitists Jane, Peggy and we all rage against might be ridden out of town on a rail.

President Obama Wants YOU to Make Hard Choices

Thursday, April 29th, 2010

President Obama made a visit to Ottumna, Iowa Wednesday. As reported by Jake Tapper on ABC’s Political Punch:

“We’re going to have to make some tough choices” about the deficit and national debt, President Obama said to a crowded gymnasium full of supporters at Indian Hills Community College, after a lengthy riff on how the unsustainable debt would need to be tackled.

This, unlike most of what the president said during the town hall meeting, was met with silence.

“I noticed I didn’t get a lot of clapping about the whole ‘We’re gonna have the hard choices’ thing,” the president ribbed the crowd.

The President is ribbing the crowd? Now that’s what I call “The Audacity of Hope.” Half million dollar pizza parties. The most expensive inauguration in history. After this gentleman spent all of last year more than tripling the national debt (yes, I know, I know, it was all Bush’s fault) now he wants to tell the American people it is time to make some hard choices?

More frustrating than the endless campaigning and political posturing is the notion that the American people are so bloody stupid, they will not leap to the same conclusions I just did. Further, he tells us this stuff as if he just thought of it. Haven’t the tea partiers, for one, been screaming about these very problems for over a year?

Could it be President Obama is not aware why his audience sat on their hands for his remark about “hard choices?” I cannot prove that the people of Ottumna, Iowa agree with my assessment but perhaps this might be a reason why he did not receive the adulation he is used to and so craves:

It is offensive to be lectured to about fiscal restraint by a man who has been spending taxpayer money like a drunken sailor for the better part of a year and a half, bailing out and covering for reckless companies with reckless management styles that continue to scam the American people, hiding the true cost of the legislation his Congress has been ramming down our throats and promising transparency while delivering the opposite.

The people of Iowa, and the rest of American for that matter, have been practicing plenty of fiscal retraint as they deal with high unemployment, watching their savings dwindle to dangerously low levels amidst an uncertain future with an administration that appears tone deaf as to their problems.

Any President that keeps trying to sell the bill of goods that cap and trade is going to help solve our economic problems instead of finally planting his feet behind the desk to figure out how to put more people back ot work in this country really needs to talk less to the American people – and listen more.

“This will bear on how we think about our federal budget in the future,” [Obama] said. “Everybody dislikes Washington right now, and everybody wants to lower their taxes. Everybody hates waste in government. But at the same time, you know, government does some important things like helping to make sure you’ve got clean drinking water and that your roads aren’t full of potholes.”

Please Mr. President, stop telling me what I hate. I don’t hate taxes. I am more than happy to pay my fair share and do so regularly. I hate when my taxpayerdollars go to bailout out the actions of corrupt actors who are not held to the same rules as I am. I do not hate government. I hate bloated government, local, state and federal, that enjoys no end of perks and bloated salaries and perks. I appreciate the good things that government does, which is why I pay taxes. What I don’t appreciate is the things my tax money is supposed to pay for – like education – gets “borrowed” away and never returned.

Clearly, the President has no idea what I hate which gives me a clear indication of why his policies have nothing to do with the urgent needs of the American people.
Close attention need by paid to the following:

…Earlier in the day, back in Washington, DC, he’d presided over the first meeting of his Debt Commission, which will issue recommendations after the November 2010 elections on ways to reduce the $12.8 trillion national debt.

“I’ve said that it’s important that we not restrict the review or the recommendations that this commission comes up with in any way,” the president said at the meeting. “Everything has to be on the table. …This means that all of you, our friends in the media, will ask me and others once a week or once a day about what we’re willing to rule out or rule in when it comes to the recommendations of the commission. That’s an old Washington game and it’s one that has made it all but impossible in the past for people to sit down and have an honest discussion about putting our country on a more secure fiscal footing. So I want to deliver this message today: We’re not playing that game. I’m not going to say what’s in. I’m not going to say what’s out. I want this commission to be free to do its work.”

Could it be he is not going to give you any details about what is “in it” until after the midterms because if he told you now, all his herd mentality Dems insistently following Pelosi and Reid off a cliff would be voted down this November? Is that why we are not getting a report from the Debt Commision until after that?

In Ottumwa, the president previewed for the crowd that whatever the commission comes up with, “we’re going to have a very tough debate about how to bring down our deficits.”

He continued, “as this debate unfolds, I just want everybody to pay attention to what folks are saying. A lot of times politicians will tell you, ‘I’m going to cut your taxes, I’m going to lower the deficit, I’m going to expand Medicare.’”

Don’t settle for that, the president told the crowd. “Ask every politician when they say they’re going to balance the budget and deal with the deficit: ‘What exactly are you going to cut? What spending are you willing to eliminate? Are you going to eliminate funding for sewers? Are you going to reduce the cost of Medicare? Because there’s no such thing as a free lunch.”

Who the hell out here has been getting a free lunch. The free lunch has gone to the folks at Goldman Sachs, Fannie and Freddie, and GM (who claim they paid back their bailouts — however they did it with other TARP money).

A free lunch? Why does President Obama insist upon being condescending? Beyond his pronouncements from on high about “bitter voters,” this reminds me of candidate Obama’s pronouncement about Democrats and abortion during the campaign. As reported by CBS News:

“The mistake pro-choice forces have sometimes made in the past, and this is a generalization . . . has been to not acknowledge the wrenching moral issues involved,” he said.

Really? Do we not? Telling us what we do and do not like or believe seems to be a pattern.

Reading the other fine print of his statement in Iowa, he wants us to ask other politicians what THEY are going to do – but we cannot ask the President what HE is going to do. “We’re not going to play that game?” All he is doing is playing games, while taxpayers can only look on in frustration and disbelief.

The president said “the way folks talk about it in Washington,” you might think the debt could be solved by reducing waste and abuse, eliminating foreign aid and earmarks. But those are relatively small parts of the budget, he said.

Which “folks” are these, exactly?

“We could eliminate all foreign aid and all earmarks and we’d still have a huge problem, because most of our budget goes to Social Security, Medicare, Medicaid and defense spending, about 70 percent of the budget. Everything else we do is only about 30 percent of the budget. So this is going to be a tough bunch of choices that we gotta make here.”

Okay – so here is the bitter pill to swallow – get ready folks. Here come the cuts! So that if you have been paying in to Medicare, as my mother has, for example, in her 50 years in the work force, you can expect less. Presidents like to point toward Social Security’s impending insolvency without mentioning part of the reason it is in trouble is because government keeps borrowing money from it that they do not put back.
Remember his economic advisor Austan Goosbee talked about privatizing Social Security? Do not be surprised if you hear rumbings next year, too – the same rumblings President Bush made several years ago. Now I ask you – would you want the private sector – otherwise known as Wall Street crooks – playing with your dough while you’re busy keeping the roof over your head and don’t have enough time to daily monitor their shenanigans?

“I just want everybody to be prepared” for this debate, which will take place over the next couple years. “Remember when I was running for office, I said I will not just tell you what you want to hear, I would tell you what you needed to hear. And you needed to hear that we’re going to have some hard choices about our deficit.”

Oh, that was my favorite comment of all. I have never heard a bigger pile of horse hooey! And that is saying something. He told everybody what they wanted to hear out on the campaign trail – unicorns and giant popsicles. But little else.

Is there anyone with the courage to stand up and insist that this President start telling the truth? The press has already proven themselves to be, almost uniformly, nothing more than notches on his bedpost, cowed from speaking up for fear of a lack of access, which would mean a loss of their $5 million dollar book deals.

Who is speaking for us?

Thank you. Rant over.

Giving New Meaning To The Term, “Bully Pulpit”

Thursday, April 29th, 2010

Yet another crack in the Obama devotion from many in the MSM is surfacing. My colleague, Linda Anselmi, came across this article recently, and passed it on. This time, the focus is Obama’s bullying tendencies. This is not a new concept to me – I have been writing about what a bully Obama is since March of 2008. But the author of this piece works for CNBC. Yep – the Central Network (for) Barack Constantly. To see this headline come out of ANYTHING related to NBC is pretty startling, Obama is a Bully: Kneale.

Wowie zowie – no mincing words, just putting it out there. Welcome to the party, Mr. Kneale:

Will someone please rein in our relentlessly hectoring President? Barrack Hussein Obama has taken his gift for inspirational oratory—one of the traits that got him elected—and turned it into something darker and more insidious.

Oh, just stop right there. “Inspirational oratory”? You mean the vapid statements written for him that he read off TOTUS, or this:



I couldn’t listen to it all, either. Hardly eloquent, though, by any stretch of the imagination. Back to the point at hand:

Bam is a bully. Bad enough that he bashes Wall Street, but this President has gone farther than any in modern history in putting the wrong kind of “bully” back into what Teddy Roosevelt had called the bully pulpit.

Obama’s latest broadside came over the weekend, when he vehemently criticized the state of Arizona and its (Republican) governor for passing a tough new law on illegal immigration.

The President called the measure “misguided” and all but labeled it un-American. He even ordered the Department of Justice, before the ink on this bill-signing has even dried, to examine the civil-rights “implications” of the new law. Seems like the courts and rights groups could handle that once any problem actually emerges.

Can you remember any other modern President, wagging a finger from on high, so directly and bitterly criticizing a new law passed by any state?

This is hubris at best and ignorance of the Constitution at worst. The U.S. was founded in part on the precept of states’ rights as an important counterweight to a rapacious federal government. Thus a President must step softly here, questioning gently but avoiding rancor and browbeating.

Hold the phone – are you saying this so-called(by himself and his image creators) Constitutional Scholar doesn’t know the Constitution? Maybe it’s because this is a trumped up title, especially according to those who actually had to work with him at Chicago Law School. You know, at the position he was given by a Board member because he couldn’t get it on his own merits. That one. I know – a mere technicality, especially for his supporters.

Back to the article:

The new state law itself is disturbing, even detestable, and I don’t like it. It forces immigrants to carry with them proof of their legal status and lets cops demand to see the “papers” of anyone (read: any foreign-looking person) to make sure he didn’t sneak into the country. It smacks of Nazis in the Jewish ghetto in Poland.

HOW does this smack of Nazism? Legal immigrants in this country are REQUIRED to carry their Green Cards anyway. Why, if not to be able to produce them on demand? No one is talking about rounding up a bunch of people and putting them in ghettos or concentration camps. They are talking about, with probable cause, to ensure that someone who is engaging in questionable activities is an American citizen or LEGAL immigrant. This is a red herring, meant simply to distract from the issue. Sheesh.

Back to the Obama the Bully:

But it is the law, and Arizona’s people duly elected the legislators who voted for it. They acted, moreover, on an issue the feds clearly have botched—immigration—and are trying to protect the state’s citizens from an influx of drug-cartel violence from Mexico.

Rather than trash an entire state, Bam could have privately lobbied Arizona Gov. Jan Brewer and urged her to veto the bill. Or he could have said, simply, that he hoped to pass better solutions at the federal level.

That would have been statesmanlike, but this President gets pouty whenever anyone dares to disagree with him. He seems to view dissension not as healthy public debate but as a suspicious, pernicious challenge to his omnipotence and popularity.

Obama the Bully, at his State of the Union address, had the temerity to criticize the Supreme Court of the United States for its new ruling that companies have a right to free speech in political campaign advertising (a right that unions already enjoyed, by the way). He did this as the justices themselves sat before him in the audience, paying their respects to a leader who showed them none.

Perhaps President Obama had forgotten an American civics lesson: The Supreme Court is the supreme law of the land. It is unseemly and disrespectful for a President to so bluntly and blatantly question the justices’ judgment and intent—especially right in front of their faces.

I can’t remember of any other President in my memory having done this. Nixon maybe? An unfortunate comparison, indeed.

Another civics lesson Obama seems to have missed is what is in the Constitution of the United States, and what is in the Declaration of Independence, again, not so great for an alleged scholar:

Right. I don’t know why Kneale is so surprised by this lack of decorum from Obama. He has done nothing but demonstrate a complete and utter lack of regard for decorum, stepping lightly, or exhibiting any modicum of humility, despite his claim that he is humble (missing the point of the word):

Similarly, President Obama maligns Wall Street for trying to have a say in financial reform and lobbying for its interests, though this input is a vital ingredient in any democratic process. Yet Obama doesn’t criticize giant unions like the AFL-CIO and the SEIU when they similarly lobby on fin-reg.

Why? Because the unions agree with him. Even though Wall Street has a far more legitimate claim to get involved in this debate than do the unions, which represent only 7% of the private work force and essentially should have no dog in this fight at all.

Hmm, now that I think about it, nor can I recall any other modern President who has spent so much effort lambasting his immediate predecessor. Reagan didn’t do it to Carter. Clinton didn’t do it to the first George Bush.

And the worst part is, we’re barely calling out Obama the Bully on this behavior at all. We are becoming entirely too accustomed to it, failing to see it for what it really is: a striking lack of civility, and an overflow of divisiveness, from a President who had promised to give us precisely the opposite.

Great – more from SEIU, the union that represents about 2 million people. Someone tell me again why they are so powerful? Are they now taking over for their sister organization, ACORN, since ACORN has been disgraced? Regardless, it is obscene for them to wield as much power in this country as they do, especially with Obama.

Yes, Obama is a bully. Anyone who TRULY watched him throughout the Primary Campaigns, or the Election Campaigns, knew that.

If you continue to doubt the bullying nature of Obama, check out this article in which he and his team call out SWAT cops on a peaceful gathering of Tea Partiers in Quincy, IL, Team Obama Calls Out Swat Team on Tea Party Patriots!. As you can see from the photo below, there was real cause for concern on the part of Obama and his people:

Ooohhhh, scary grandmotherly-looking women singing patriotic songs as you can hear in this clip (H/t to Logistics Monster):

Quite a difference from this recent protest in Arizona:
Yep, there is no doubt that Obama is a bully. There is also no doubt we are living in Upside Down World when SWAT cops are brought in against peaceful protesters, yet there is not an overwhelming presence in AZ when people are completely out of control. It is simply astonishing. Don’t you think?

Republican Senator Wants Failed Company Executives To Give Back Their Dough…

Monday, April 26th, 2010

ABC’s Jake Tapper covers an interesting proposition from Republican Senator Bob Corker on financial reform for Wall Street — he wants a “clawback provision” forcing failed executives who have driven companies into the red to give back their earnings for the past five years. Loving it!!!

Read how Austan Goolsbee, one of Obama’s chief economic advisors, tiptoes, avoids and runs away from this idea!!

CORKER: There is no question, and I think that first of all, I plan to offer changes to this resolution authority that say that, if a large entity like this has to go through this resolution where in essence they’re liquidated in an orderly way, I think that everything that the executive team and the board members have earned through this company over the last five years needs to be clawed back. In other words, there needs to be some penalties assessed to the management that have caused the country to have to go through this orderly liquidation process. So absolutely, I will be offering an amendment that deals with that, so that we’re taking back, we’re clawing back all the earnings that management has made out of this firm, if it has to go through orderly liquidation. I think that’s very appropriate, and certainly I’m going to be doing that on the floor if it doesn’t make
it into the base bill.

TAPPER: Austan, can the White House get behind that clawback
provision? Are you being out-populisted by Republicans?

GOOLSBEE: Well, look, in the bill now — the president went to
Cooper Union this last week to revisit the spot where more than two
years ago, he went and said we need to have fundamental reform–

TAPPER: But there is no clawback in this bill?

GOOLSBEE: There is a requirement that they’re all fired. If you
get to that point, all the management is fired–

TAPPER: So they take their $500 million to their home in the Hamptons.

GOOLSBEE: — all the shareholders are wiped out. Well, look, as I say, on any details, we’re open to looking at negotiating the details of how we carry out the president’s principles. But if negotiation — and Senator Corker, to his credit, is not in this camp — but if the negotiators are going to come forward more as a delaying tactic and we’re just going to put in hundreds of amendments and try to keep this going so as to stall, delay and kill reform, that’s not going to happen. This is going to pass.

Um. No. It’s not a delaying tactic. But since we saw in the case of Goldman Sachs that they were betting on the market crashing and profiting by our losses, we need to find some way to put the fear of God into these jerks so that they do not try to profit by playing Ponzi schemes with our dough. Corker’s idea is just one way to make sure we have leglsiation with teeth.

Whether Senator Corker is just doing some populist-type posturing or not, the point is made — if we don’t have accountability in this reform bill and, as Dem. Senator Sherrod Brown discussed earlier, a way to overcome this “too big to fail” debacle, any reform falling short of tackling those two concerns effectively is meaningless.

What do you think would be fitting punishment for irresponsible and dishonest Wall Street sharks? I have a feeling I know the answer!

This Testimony Could Be A Game Changer

Thursday, April 22nd, 2010

As Goldman Sachs continues to be in the news, this revelation could affect the SEC’s charges (h/t to HelenK for alerting me to this ):

Testimony Could Undercut SEC Charge Against Goldman

The government has testimony from a Paulson & Co. official that could contradict its own claims against Goldman Sachs, CNBC has learned.

Paolo Pellegrini told the government that he informed ACA Management that Paulson intended to bet against, or short, a portfolio of mortgages ACA was assembling.

If true, the testimony would go directly against government claims that ACA did not know Paulson was hoping the collateralized debt obligations would fail, and subvert charges that Goldman breached its duty by not informing ACA of Paulson’s position.

CNBC has examined documents in which a government official asked Pellegrini whether he informed ACA CDO manager Laura Schwartz about Paulson’s position in the portfolio, named Abacus 2007-AC1.

“Did you tell her that you were interested in taking a short position in Abacus?” a government official asked Pellegrini, referring to the name of the CDO portfolio.

“Yes, that was the purpose of the meeting,” Pellegrini responded.


Oops. I am guessing that is not the answer they anticipated:

The exchange is key in that the Securities and Exchange Commission is charging that the failure to disclose Paulson’s position was a “material” factor that could have caused both ACA and German Bank IKB to back out of the CDO investment. When the CDO failed, Paulson reaped a gain of more than $900 million, the government has said.

The SEC does not mention the exchange in its complaint against Goldman.

“We look forward to presenting a complete and accurate evidentiary record in court,” SEC spokesman John Nester said in a statement to CNBC.

CNBC further learned that Pellegrini and Schwartz met at least three times to discuss the CDO and Paulson’s short position on Abacus.

Because of the deal’s structuring, Paulson stood to gain $900 million from the deal but lose only $20 million.

Here’s the thing. Couldn’t they have actually done a TAD more investigating before making these charges against Goldman Sachs? I mean, they make the charges just the other day, and voila, a few days later, this testimony comes out completely contradicting their charges. I’m just saying, maybe SOMEONE could have done a little more homework before leveling these charges, don’t you think?

And while I am at it, NQ reader Peggy Sue supplied this fascinating testimony from William Black on Lehman Brothers to the House Finance Committee. It is quite an indictment of a number of federal entities, especially the Fed, as well as the SEC:

Holy smokes. Mr. Black didn’t mince any words, did he? He is exactly the kind of straight talker we need to clear up this big, huge, mess. And he exposes the sheer incompetence of those who have been charged with oversight of financial institutions, especially continuing “business as usual” when that business was costing us millions and millions of dollars.

It sounds to me like there are a helluva lot of people running this show deserving of lawsuits, too – I’m not holding my breath that they will get their comeuppance, though. They’ll probably get promotions…

Obama, Goldman Sachs, and Reform?

Tuesday, April 20th, 2010

Goldman Sachs has been in the news a bit lately, and with good reason. As Larry Doyle has detailed, the SEC filed a civil suit against Goldman Sachs last week for fraud. Obama is trying to use this recent lawsuit as a way to increase restrictions against Wall Street. And as this LA Times article points out, the “Goldman Sachs Case Could Help Obama Shift Voter Anger:The fraud charges may strengthen the president’s campaign, against Republican resistance, to tighten regulations on Wall Street.

The article states:

Fraud charges leveled against the investment bank Goldman, Sachs & Co. center on complex financial dealings. But for President Obama, the accusations against the venerable Wall Street institution offer a chance to revitalize a simple political narrative that he has all but lost in recent months: that he and his party are protecting ordinary Americans victimized by the economic meltdown.

Republicans have been notably successful in mounting populist attacks on the administration, even framing the pending legislation that would increase regulation of Wall Street as a recipe for perpetual bailouts by taxpayers. Now the Goldman case gives the administration a chance to send a countervailing message that government intervention is essential in the face of unregulated trading that favors well-connected insiders.

Treasury officials were all smiles Friday after the Securities and Exchange Commission charges against Goldman Sachs were announced. The SEC, an independent commission, contends that Goldman stacked the deck on billions of dollars in mortgage securities in favor of insiders and against unknowing investors, a charge Goldman denies.

The Goldman case comes along at a time when the Democrats need help. Obama’s approval rating is tumbling and independent voters are disillusioned with his leadership. Unemployment is expected to hover near 10% nationally for the rest of the year.

Well, that’s some interesting timing. All of a sudden, the SEC is filing a civil lawsuit against them? Hey, I’m not saying they don’t DESERVE to have a lawsuit against them, but it is just a little curious, isn’t it? (Click HERE to read the rest of this piece.)

Why do I say that? Because during the campaign, Obama and Goldman Sachs were mighty friendly. As in, Goldman Sachs was Obama’s biggest corporate contributor. Yes, indeedy. Isn’t that curious that he is now railing against them? I think so.

So does Bob Ostretag in this piece, Goldman Sachs, Obama, Money. As they say, follow the money:

When Obama said he wanted bi-partisanship, this is probably not what he had in mind: Democrats and Republicans in Congress speaking in a united voice against corporate executives that have been equally cosy (sic) with Democrats and Republicans.

As in: equally cosy (sic) with Senator John Warner, that bad Republican, and Chris Dodd, who presented himself as a mild progressive in the last Democratic presidential primary.

As in: equally cosy (sic) with the Fed and Treasury under Clinton and Bush. As in: pretty darn cosy (sic) with President Obama himself.

Forget the bonuses at AIG. Chump change. Let’s put what Goldman Sachs has been up to in plain English. Goldman Sachs had made a lot of esoteric financial transactions with AIG. Banks were collapsing at the time, leaving their investors with huge losses. When things started looking shaky at AIG, Goldman and other investors started calling in their claims, and pushed AIG off the cliff.

Now ask yourself: with banks collapsing, why would you push the one you had put so much money in to collapse?

Answer: because you had your boys on the inside in Washington, that’s why. And your boys got a bail-out package for AIG which actually paid you more than your claims that broke the bank. What investors had demanded from AIG was collateral on debts. But they actually got with the bailout was the whole damn amount, 100 cents on the dollar.

Wow, nice work if you can get it, right? And if you’re Goldman Sachs, you did:

To put it even more bluntly: if AIG had managed to not collapse and not require $180 billion in taxpayer money, Goldman Sachs would be sitting today with some very very shaky investments. But since AIG collapsed, the folks at Goldman cleaned up.

Or even more bluntly: Goldman used AIG as a funnel.

That’s a nice trick. It’s like two guys rolling someone on the street when the first guy comes up on the right and throws a punch after which the guy on the left quietly lifts the mark’s wallet. Of course you run the risk that the cops might see you. Then again, if you have the cops in your pocket…

OK, that is a simplification. It is not the whole story. But it is a big part of the story.

But but… wasn’t there an election between the AIG bail-out and today? The world changed, didn’t it?

Goldman Sachs employees gave just shy of a million dollars to the Obama campaign, ranking second in contributions. Citigroup and JPMorgan ranked sixth and seventh. Goldman Sachs gave Obama four times more than they gave McCain.

This is one big fat ugly chicken that is coming home to roost.

So, to be clear – when Obama claimed to be a man of the people, does he mean Wall Street people? Because that’s pretty much how it’s looking. And now he is openly turning against them? Oh, this should be fun to watch:

Our political attention span being what it is, we might need reminding that there was actually a big debate over this very thing last year. From my July 1 blog:

When Barack Obama pulled out of public campaign financing, I wrote a column about his money machine, noting that despite all the small Internet donors, his campaign is still mostly funded in the most traditional of ways. Numerous readers taking offense at my characterization of Obama’s fundraising as dominated by “fat cats.” In light of new details on Obama’s fundraising which have become available, now would be a good time to revisit this issue.

I noted that that, by the end of June, Wall Street had already given Obama $9.5 million, that four out of his top five contributors are employees of financial industry giants, with Goldman Sachs at the top of the list. Even conservative New York Times columnist David Brooks was appalled: “Over the past few years, people from Goldman Sachs have assumed control over large parts of the federal government. Over the next few they might just take over the whole darn thing.”

The reader response was overwhelmingly negative. The debate was over which was more significant: the half of Obama’s money that came in small Internet contributions, or the half that came from big corporate money. I argued that:

adding a layer of small Internet donations (45% of Obama’s money) on top of all the traditional campaign money (55% of Obama’s money) does not change the game of politics and money. It just adds another layer to the same old cake. To really change the game, one would need to replace all that traditional money with small Internet donations. … Just think through the basics: if on one side you have over a million people giving you little donations that make up 45% of your budget, and on the other side you have a handful of people giving you big donations that make up 55% of your budget, whose telephone calls are you going to take?

So here we are with the world economy collapsing and the big question is exactly this: whose calls is Obama going to take? Because both sides are calling, big time. I don’t have to tell you who is winning so far.

I am just going to guess it is the Big Cats on Wall Street even as Obama and the Democrats are demonizing them in the press. How does he get them to stay quiet while he is doing that, I wonder? I’d say, follow the money, but apparently, I am more cynical than Ostertag is:

But I am more optimistic than I thought I would be at this point. The looting of the US Treasury has not gone as planned. Everything is spiraling out of control. And Americans are actually mad! Bankers are in tears (at least according to their congressional testimony). When Republican congressmen are calling for corporate execs to commit mass suicide, you know the ground has shifted.

Have things changed so dramatically that Obama will have room to dump his biggest campaign contributers (sic) overboard? That question will be answered in the coming weeks.

Now is not the time to be quiet. Now is the time to yell bloody murder. We will soon know whose call comes through the loudest.

Yes, the question will be answered in the coming weeks. My bet is that Obama will continue to rail against the very companies that helped him get into office, just like he did with the insurance companies. The Democrats will try and tie the Republicans to Wall Street, like they are currently doing with Senator Judd Gregg as he urges caution:

“We should not legislate based on anecdotal events,” Gregg said. “This is a big piece of legislation, we shouldn’t overreact.”

The reform bill, one of President Barack Obama’s top domestic priorities, is awaiting passage by the Senate. Should it pass, the bill would have to be merged with the House’s version approved last year, then it would have passed again by both houses before Obama can sign it.

Ah, yes. The Reform Bill. You will NEVER believe what is in it. Essentially, the Congress is abdicating some of its oversight responsibility, and giving it – GIVING it – to the Executive Branch. Oh, you know I am not making this up:

Watch the latest video at FOXNews.com

(If the video doesn’t come up, click here.) Remember when we were all worried about crap like this happening with Bush?? Obama seems hellbent on amassing as much power as he possibly can, and unfortunately, this Democratic-heavy Congress is all too willing to hand it to him. So much for those pesky little checks and balances our founders thought were important enough to put into our Constitution. You know, the document the Congress, and the President, swore to uphold? Uh huh. That one. Well, the Democrats have decided not to bother with that whole democracy thing. Whatever…

I guess that’s some kind of reform – trying to change three branches of government to only two…

A Real Socialist Explains Why Obama Isn’t One of Them…

Monday, April 19th, 2010

CNN’s John Blake posted an article the other day that is just too rich to let pass without comment. CNN, certainly very Obama-friendly, was probably trying to do our President a solid by posting this piece in an effort to prove to the Team Party activists and others who are not fans of Mr. Obama’s policies that he is not — yikes — a Socialist! So Blake interviewed an authority on the matter…

According to CNN, when it comes to the passage of the new health care bill…

[Billy] Wharton, co-chair of the Socialist Party USA, sees no reason to celebrate. He’s seen people with bumper stickers and placards that call Obama a socialist, and he has a message for them: Obama isn’t a socialist. He’s not even a liberal.

“We didn’t see a great victory with the election of Barack Obama,” Wharton says, “and we certainly didn’t see our agenda move from the streets to the White House.”

Obama’s opponents have long described him as a socialist. But what do actual socialists think about Obama? Not much, says Wharton.

And here is where CNN shares a doozy and my second favorite line of the entire article. According to Mr. Wharton:

“He’s the president whose main goal is to protect the wealth of the richest 5 percent of Americans.”

Ding ding ding ding ding ding ding ding !!!! Bingo! You win the prize. Corporate bailouts. Crony capitalism. “Too big to fail policies” that encourage Wall Street thugs who have been reckless to continue said behavior knowing they will get bailed out when they fail again. A health insurance plan to benefit Big Insurance and Big Phrma, bailing out mis-managed car companies….

Mr. Obama is a corporatist.

One of his biggest economic advisors is Austan Goolsbee (um, the guy who wants to privatize Social Security). I said it when President Bush was trying to do the same thing – do you want some of these Wall Street ganeffs (crooks) managing your hard earned dough and playing Ponzi schemes with your retirement?

The following should be of interest:

[Wharton] and others say the assertion that Obama is a socialist is absurd.

“It makes no rational sense. It clearly means that people don’t understand what socialism is.”

Definitions of socialism vary, but most socialists believe workers and consumers who are affected by economic institutions should own or control them.

Not all socialists, though, want to confiscate personal property. Democratic Socialists are more interested in protecting ordinary people from unregulated capitalism through regulation and progressive taxation.

Some of the socialist agenda is already part of American life, according to Wharton and others.

Social Security, Medicare, unemployment benefits — all reflect socialistic values, says Van Gosse, an associate professor of history at Franklin & Marshall College in Lancaster, Pennsylvania, who has researched socialist movements in the United States and Latin America.

The widely accepted notions of public education and Pell Grants for college students are socialistic in origin, Gosse says. They fit well with the socialistic premise that government should provide basic security from the cradle to the grave to all of its citizens, he says.

“We assert that education should not be left up to the private market — where those who can pay, get it and those who can’t, don’t get it,” Gosse says. “It’s a common good and in that sense it is a socialistic institution even if the U.S. remains a capitalist nation.”

Socialists are not happy with the recent 2,700 page health insurance reform bill…

They don’t applaud the passage of the recent health care bill either. They wanted a national “single-payer” health insurance plan with a government option. The bill that Obama championed didn’t have any of those features.

Wharton said the new health care bill only strengthens private health insurance companies. They get 32 million new customers and no incentive to change — something a socialist wouldn’t accept.

“Most of it was authored by the health care industry,” Wharton says. “I call it the corporate restructuring of health care.”

BINGO!! And in regard to The Obama administrations actions re the banks, just like Bush before him:

Other critics point to Obama’s Wall Street bailout — which actually had its roots in the Bush administration. Critics say it’s socialistic for government to assume control of private industry.

Frank Llewellyn, national director of the Democratic Socialists of America, says the bailout had nothing to do with socialism.

Llewellyn says a socialist leader would have at least nationalized some of the troubled banks.

“He gave them [the banks] too much with no strings attached,” Llewellyn says. “Banks that were too big to fail are bigger, and they can still fail.”

How about Obama’s bailout of the Detroit auto industry? During the bailout, the federal government assumed partial ownership of General Motors.

“It’s not socialism,” Llewellyn says. “The mere fact that the government owns something or has a stake in it, doesn’t make it socialist. If that was true, you would say that we have a socialist army. The government owns the army.”

Here’s where it gets interesting:

Defining socialism is complex, Llewellyn says, but it starts with a simple goal: Socialists want to introduce democratic features into the economy to reduce inequality.

The economy has “to be run for the overall benefit of the entire population, not for the benefits of a very few people.”

By that measure, Obama’s economic policies are not socialist, he says.

Many here at NoQuarter have long maintained that Presidents Obama and Bush are mirror images of each other. Mr. Llewellyn’s comments go some distance in making that point.

A tea party member had this to say in response:

“The role of government is to provide a safe environment to conduct business, not to take from one and give to the other,” says Quagliaroli, a financial planner who lives in Woodstock, Georgia.

Quagliaroli was not persuaded by the arguments of other socialist leaders who reject the idea that Obama is a socialist.

“He’s just not socialist enough for them.”

Quagliaroli says he doesn’t like socialism because it breeds mediocrity and encourages people to “live on the dole.” Capitalism “breeds excellence” because it encourages initiative, he says.

I have likewise heard other heretofore compassionate people becoming judgmental over the lifestyles of others, particularly if they are reckless, since we are now going to have to subsidize them. If “spreading the wealth acround” means I have lived by the rules my whole life and now have to bail out those who haven’t — no, I don’t like that either.

And now we come to my favorite line in the entire article – this ought to have heads exploding all over the country:

The argument over Obama’s ideology may rage on, but at least one socialist says another prominent politician ought to be inserted into the debate.

Llewellyn, the national director of the Democratic Socialists of America, says he was struck by one player in the 2008 presidential elections who displayed more socialistic leanings than Obama.

This candidate raised taxes on the big oil companies, and sent the revenue to the people.

If you want to learn something about spreading the wealth, Llewellyn says, don’t look to Obama.

“To be honest, the most socialist candidate in the 2008 election was Sarah Palin.”

Hmmm. Well, at least that gives the lie to lefties claiming Sarah Palin is some sort of reactionary.

I think the reason so many keep calling President Obama a socialist is that they don’t know how to term his political philosophy. Perhaps because the only one he seems to have is the one that is going to get him re-elected – namely putting money in the pockets of the groups who have the most dough to spend on his campaign.

His supporters didn’t want to admit it, but he got more money from Wall Street than any other candidate. Fannie and Freddie, Unions, Big Insurance, Big Phrma likewise helped put him over the top – burying all comers in an avalanche of money. His policies most seem to benefit them. Not us. Even the rumblings we are hearing about proposed regulatory reform in the banking industry leave me doubtful anything will be imposed that has real teeth. This health care plan was more or less written by insurance companies for their own benefit. How can we believe anything else that comes out of this administration is going to be for the benefit of those on the street?

Frankly, I’m not sure what name to give what is coming out of this White House but it sure seems to continue the idea that an elite few create policies that most benefit themselves, and we are told to sit down, shut up and take what’s left over.

What would you call it?

Fed Chairman Ben Bernanke on GDP And The National Debt

Friday, April 16th, 2010

I think we are in for a world of hurt. So does Chairman Ben Bernanke:



Did you catch that? Our federal debt will exceed 100% of our GDP. Um, that’s a bit of a problem, folks. And ten years is not that far away, either.

Are You “Tea Party” Angry?

Sunday, April 11th, 2010

Who’s afraid of a little Tea Party? Everyone, fortunately. So says Kevin O’Brien of The Cleveland Plain Dealer, who correctly points out that while Tea Partiers may lean conservative, they are filled with more anti-incumbent fever (for both sides) than anyone would care to admit:

Democratic officeholders should be afraid.

Republican officeholders, too.

For many a year now, officeholders of both major parties have worked hard to earn the distrust of ordinary Americans. It appears that they finally have succeeded.

If only ordinary Americans hadn’t been so inattentive. If only ordinary Americans hadn’t been so trusting. If only ordinary Americans hadn’t been so damnably nice, the country would be in a better position to manage its finances today. [snip]

Better late than never, a lot of ordinary Americans are waking up to the sobering reality that there really is no one they can trust. Not Democrats. Not Republicans. Not government. Not corporations. And certainly not corporations in league with government.

The people who are angry today are more in tune with this nation’s founders than ordinary Americans have been in decades.

While there are those who make fun of a few tea partiers dressing up in costumes reminiscent of our founding fathers, those costumes are designed to make a point:

The United States has an intricate system of checks and balances, and a government structure based on a separation of powers, and a Bill of Rights that safeguards the rights of states and the rights of the people precisely because the greatest collection of political talent and philosophical insight ever assembled on this continent — and maybe anywhere on this planet — looked at the concept of government and said, “We need to make a really small cage for this thing, then be careful not to overfeed it.”

We seem to have lost the care-and- feeding instructions about a century ago. We let government out of its little cage and it has been consuming everything it can lay its paws on ever since. In the last 45 years, it has been on a real binge, and in the last year and a half, it has taken bigger bites than a lot of people thought possible.

Ordinary Americans who care about freedom are finally getting a clue and — horrors! — they’re hollering at members of Congress. That’s right: Nice, trusting, formerly inattentive Americans are getting in the faces of the political class and calling them names.

…If members of the political class are too tender to endure a little well-earned rudeness from the people whose hard-earned money they like to “spread around,” then they ought to get out of politics. Maybe their successors will find the voice of the people less irritating.

While O’Brien is correct in stating that this righteous anger needs to be expressed without violence, he also states that this administration and our media as taking to shutting down criticism with tactics of demonization (just like the administration before it):

Don’t doubt for a second that the left is hoping desperately for someone to step all the way out of line. They thought they had their man — and early news reports said they did — when Joseph Stack crashed his Piper Dakota into an IRS building in Texas.
As it turned out, Stack proved to be a Marx-quoting lefty — the wrong flavor of nut.

So the left has to settle for a little name-calling of its own: “ignorant,” “racist,” “homophobes,” “hooligans,” “extremists.” The list, as you know, goes on and on.

It’s bunk, but it’s the script.

Tea Party folks are just patriots worried, with good reason, about the future of the country they love. They’re vocal and they’re inspiringly unaffiliated.

They scare the hell out of both political parties, because they’ve embraced distrust.

The Democrats fear them because they see through the left’s empty promise of utopia in exchange for freedom. The Republicans fear them because they’re pushy and because they’re loyal to their principles rather than to a party.

They make everyone uncomfortable. That’s healthy.

While I’ve never been to a tea party protest, I got good and angry when the bailouts started at the end of 2008 and the pork laden non useful Stimulus package passed in 2009 and the bailouts of car companies that couldn’t run themselves properly happened, too. The 2700 page health care monstrosity, whose ugly details are now just coming to light, was the last straw.

I was taught to play by the rules only to discover my taxpayer dollars were used to bail out those using our investments as a giant ponzi scheme. And too many politicans who exempt themselves from the rules and policies we are expected to follow take pork for their districts as an inducement to continue to sell taxpayers down the river.

So crooks and liars are rewarded for their folly while the rest of us are told to pay the bill – and keep playing by the rules. That is but one reason for the groundswell of anger sweeping the country.

What are yours?