Obama Reassures Us, Dow Immediately Plunges

August 8, 2011

There’s an old expression that goes, “It’s better to keep your mouth shut and have people think you’re a fool than to open it and remove all doubt.”

"The U.S.A. Is Quad-A Rated. That's ONE Better Than The Rest."

In what has to be seen as a defining moment in Barack Obama’s failed presidency, the POTUS Ignoramus took to the airwaves today to “reassure the American people” that America is still doing well under his leadership, and that Standard & Poor’s downgrade of America’s credit rating was obviously a mistake.

The telling moment: Just after Obama suggested that the way to restore our credit rating and to overcome our debt problems is to spend more money on government projects, the Dow responded by dropping more than 100 points in just over a minute.

By 4PM the Dow had plunged a total of approximately 630 points for the day.  NASDAQ lost 80 points. It was the first time The Dow-Jones had closed under 11,000 since October of 2010.

I guess that would make what we have left, “Change we can live on?” Too bad America doesn’t have a “Vote of No Confidence” eh?

Of course, as Doug Powers points out, the Democratic Ignorami quickly huddled and came out united behind a new talking points memo.  Within minutes of each other, John “Have I reminded you I’m a Vietnam Veteran?” Kerry, Howard “Shriek” Dean and David Axelrod all came out with press releases or public statements using the term Tea Party Downgrade.

Our tongue-in-cheek department did an independent research and discovered the President’s secret team of Liberal Obfuscationists Spreading Erroneous Responsibility Statistics (L.O.S.E.R.S.) quickly released their own report which rejected Stand & Poor’s rating and immediately upgraded America’s credit rating to “Quad A” status. When told the highest level available on the S&P scale was TRIPLE A, a spokesman for the LOSERS responded (in his best Spinal Tap accent), “Right. Well we’re QUAD-A rated because we’re one better than the rest.”

Yep… right after we get a balanced budget amendment to the Constitution, I think our next point of order is to invoke a “No Confidence Vote” amendment so we don’t have to remain stuck with a President who thinks America has 57 states… or that the best way to get out of debt is to borrow and spend even more.

Gerry “No Stocks” Ashley


Joe Biden vs. Tea Party “Terrorists”

August 7, 2011

As most of you know by now, during last week’s debt debates, our Vice President agreed with an elected member of Congress that members of the Tea Party “acted like terrorists”. While the Representative, Mike Doyle (D-PA) should most definitely be ashamed for saying such a thing, for the Vice President of the United States to agree with him is absolutely unconscionable.

While the office of the Vice Presidency may not be worth a bucket of warm spit, the current office holder is proving that he is worth even less than that.

In reading a variety of commentary around the internet about Mr. Biden’s deplorable decision to tar staunch American patriots with the brush of terrorism, I came across a post from a blogger in Delaware, Joe Biden’s home state. The blogger, Evan Queitsch, has written an open letter to VP Biden, and has done an eloquent job of portraying Tea Partiers and their goals and ideals. It is such a good piece that I requested (and received) permission from Mr. Queitsch to re-publish the letter, and have done so in full below. I urge you to visit his blog, DE Conservative, for more interesting posts.

Mr. Queitsch’s letter starts after the break. I hope you will read it all.

Stoutcat

Read the rest of this entry »


President Who Got Bin Laden Still a Jerk

May 5, 2011

I am as pleased and proud as everyone else that President Obama managed to get Osama bin Laden. It was a day America has been looking forward to for nearly a decade now. Obama deserves a great deal of credit for manning up and ordering the kill. But then…

After a photo-op/victory lap at Ground Zero in New York City today where he glad-handed families of 9-11 victims, the President pointedly snubbed Debra Burlingame, sister of the pilot of the plane which crashed into the Pentagon.

Ms. Burlingame met with the President briefly, congratulated him on his achievement, and then asked him about whether he would suggest to his Attorney General, Eric Holder, that Mr. Holder cease the prosecution of the CIA interrogators who gleaned vital intelligence which ultimately contributed to the finding of Osama bin Laden. In her words:

“As a former attorney I know you can’t tell the Attorney General what to do, he said, ‘No, I can’t.’ And I said, but that shouldn’t stop you from giving your opinion. After all, we wouldn’t be here celebrating today if they hadn’t done their job. And they have the hammer of a possible indictment over their head. Can’t you at least give him your opinion?’ And he said ‘No I won’t,’ and he turned around and walked away.” [Video at the link above]

Or as Daniel Henninger of the Wall Street Journal said in an opinion piece today,

“…[L]et us pause to remember some of this celebrated event’s most forgotten men: the Central Intelligence Agency officers who sit under the cloud of a criminal investigation begun in 2009 by Attorney General Eric Holder into their interrogations of captured terrorists.

“That’s right, the Americans whose interrogation of al Qaeda operatives may have put in motion the death of this mass murderer may themselves face prosecution by the country they were trying to protect.

“It is time for the Holder CIA investigation to end. The death of bin Laden 10 years after 9/11 makes the Holder investigation of the CIA interrogators politically, emotionally and morally moot.

“But it lives.”

What are the chances that Obama will order Holder to drop the investigation into the very people who ensured his success on Sunday?

My guesses: slim, and none.

Stoutcat


Are You Smarter Than Your Congress? Prove It!

January 14, 2011

 

Looks like our elected officials are failing at all sorts of things. Latest on the FAIL list is knowledge of the Constitution. Since many are required to swear (or affirm) an oath to uphold that document, you’d think that they’d know a bit about it. But then again, you might also think that most U.S. citizens would know at least a bit about what’s in the Constitution, right?

But you’d be wrong on both counts, of course. As HotAir reports:

“The bad news: the general public gets an F, with just a 49% average on the 33-question civics test.  The worse news: those who identified themselves as public officeholders scored an average of five points worse than the general public…”

But before you scoff too hard at our officials, here’s a warning: it’s actually a challenging quiz! I zoomed through and expected to get 33 out of 33 correct. To my mortification, I missed three questions!

Here’s the link. You take the quiz and then see how smart you feel. On the other hand, you’re sure to do better than our elected officials.

You could hardly do worse.

Stoutcat


Financial Reform: The Good, The Bad and The Butt-Ugly.

July 16, 2010

You probably heard that the Financial Reform Bill just passed the Senate and is on it’s way to being signed into law by Emp-error Obama, probably some time next week.

“Yes,” you ask, gritting your teeth. “But how, exactly, does it affect me?”

Well, just the fact that it was written by Democratic Senator Chris Dodd, and Massachusetts Representative Barney Frank should have you running, screaming towards the Canadian border.  I find the irony rather horrific: one of the chief proponents of Fannie-Mae and Freddie-Mac (the two programs that are chiefly responsible for the economic mess we’re in regards to banking) is one of the architects of the legislation to get us OUT of the trouble he caused. Think about that: If you had to trade your car in because the mechanic at your dealer ruined your engine, would you turn to that same mechanic to write the service manual for your new car?

As to the impact, in some minor areas, we gain, but as is always the case when government gets involved, it’s gonna cost you at the other end… Translation: Break out the KY Jelly, folks. Try to minimize the pain.

The legislation took well over a year to develop, and it wound up taking slightly over 2,300 pages to contain it. But NOT TO WORRY!  I’m sure His Sly-ness, the Omnipotent Lord Obama will give us 72 hours to look at it on-line before signing it into law, just like he did with the stimul… uh, woops. Never mind… “Nothing to see here, folks. Just keep moving, please.”

Better yet: If you are into Masochism, download it yourself here and enjoy your week-end: The Dodd-Frank Wall Street Reform and Consumer Protection Act (as a public service announcement, I recommend using a condom while reading it).

If I may, here’s a highly condensed version of some of what you’ll find buried in this legislation:

1.) The legislation creates an agency that can seize and liquidate any bank (including those considered “too big to fail”).

The Good News: We shouldn’t get stuck paying to bail out banks for their failures as George Bush had us do.
The Bad News: It does NOT, however, control just how big a bank can grow. Recipe for disaster? Guess we’ll have to wait to find out. You know, like Nancy Pelosi’s take on health care: “We have to pass it to find out what’s in it!”
The REALLY Bad News: Hello? The government now has permission to seize any bank (and its assets) at any time, based on the whim of… the government. Translation: More power taken away from the people and given to the government (who wrote this legislation again? Hugo Chavez?)

2.) A new federal agency (under the banner of the Federal Reserve) that will impose more regulatory control over credit card companies, payday advance companies and mortgage companies.

The Good News: Perhaps more restrictions on the types and amounts of fees they can gouge customers with. Pre-payment penalties will likely be eliminated or greatly reduced on certain types of loans and mortgages.

The Bad News: Those fees are where these institutions make much of their profit. While the government presents these regulations as “consumer protection, ” that translates into “less profit” for these entities which, ultimately, means more restrictions on their service to you. Look for new fees on other services to make up the difference, harder to obtain credit cards, harder to qualify for mortgages and more restrictions on availability of payday advances…  Yeah, that ought to help the economy recover. If you’re in the construction industry, plan on selling a lot fewer houses. A LOT fewer.

The REALLY Bad News: With new regulations on mortgage companies, it doesn’t take a rocket scientist to realize mortgage money will be much harder to qualify for. With a plethora of unsold homes in foreclosure already flooding the market, that could keep the housing market depressed for years.  Couple this with an economy that’s already on life-support and a job market that is – well, for lack of a better term – flat-lining, in most parts of the country, and we could actually see a society where we could have millions of homeless people living on the streets and hundreds of thousands of empty homes sitting in foreclosure. If and when that happens, how long before the government will write (and pass) legislation allowing the government to seize homes that are sitting empty and redistribute the right to live there.

Who would have thought the pompous idiots  who helped the Fannie Mae/Freddie Mac debacle trash our economy could come up with something even more foreboding for the future? Way to go Barney and Chris! Would you like to inject us directly with poison next?

3.) The new legislation requires more transparency in the derivatives market.

The Good News: None we can actually measure. Not until the “bad” news is resolved (which the government has absolutely no incentive to do)..

The Bad News: Fill in your own sarcastic comment here about “transparency,” especially if it’s going to work the same way it has with the Obama administration.  And it probably will, because they have apparently left it up to Bill Clinton to ask for the definition of “transparency.”


4.) New limits on how much Banks  can charge retail businesses when customers use debit cards for purchases and how much they can charge for overdrafts.

The Good News: If you’re a business owner, this means less cost to you when a customer swipes a debit card to make a purchase. So this means the businesses will pass those savings on to us, right?  Nope. Not necessarily.  Nothing requires businesses to do so.

For those of us who live paycheck to paycheck and occasionally overdraft our account, banks will be forced to reduce the penalty for doing so, meaning they would be limited to how much they can gouge you when they (as comedian Gallagher would say), “charge you more of what they already know you don’t have any of.”

The Bad News: Under the old laws, businesses were required to allow you to use your debit card for ALL purchases, no matter how small. Under the Financial Reform legislation, that restriction is lifted. Look for retailers to jump on the bandwagon of having minimum amounts for purchases using debit cards. You may have to forget about buying that McDouble using the debit card. The consumer’s new credo: “Cash: Don’t leave home without it.” Look for armed robberies to increase as a result.

Even MORE Bad News: With banks making less money per transaction with retailers, reduced fees for overdrafts and other fees, look for them to make it up elsewhere. This could mean buh-bye to that free-checking or, perhaps, more or higher fees for using that debit card to obtain cash at the ATM. Where banks are concerned, you may want to keep that KY Jelly handy. If they can’t screw you one way, they’ll screw you another. And, from what I’ve seen, this 2,319 page legislation isn’t going to do a thing to end that.

Here’s a couple of videos that show various aspects of the legislation:
A) The Good

B) The Bad

C) The Ugly: A Paul Shanklin tribute to the man who helped create the banking debacle, and then in true “End of days” fashion, has co-authored the legislation that’s supposed to resolve the very problem he helped create.

Enjoy your week-end, folks. Good news: Stoutcat returns from vacation next week.

H/T Michelle Malkin

Gerry Ashley


Remember In November: Take 1

July 10, 2010

In my previous post, I featured a billboard that someone with a keen sense of satire in Marshall, Texas put up, skewering “Ayatollah Barack Obama.”

After posting, I thought to myself, “What a great way to get the truth out before the mid-term elections. The President hasn’t yet signed an executive order to ban political billboards. And it doesn’t even have to be sponsored by an opposing candidate. It could just as easily be done by the general public, sick and tired of the current Congress rubber-stamping  the Obama administration’s efforts to “Fundamentally Change America” as we have known (and loved) it. 

The November mid-term elections are just over 3 months away. Now is the time for all good political pundits to come to the aid of their country.

Toward that end, I’m going to do my part and come up with some billboard designs. If anyone would like to “steal” my idea and implement it, please do so with my blessings. Seriously. There is no copyright on my ideas. If you can improve upon it,  so much the better. You get the idea. And if this inspires someone to come up with even better one as well, these will have served my purpose.

Feel free to forward these to your friends to get the message(s) out. We need to build the “resistance” as large as possible and that can only be done by getting the word out: It’s NOW (November) or, quite possibly, NEVER.

That said, here’s my first installment of my “Remember In November” billboard campaign suggestions.  Click on the image to see it full-size.

Gerry Ashley


Obama’s Dean/Dukaksis Moment

June 10, 2010

 

A couple days ago, President Obama tried to distance himself from his carefully crafted image of an intellectual “Joe Cool” relative to the Gulf oil spill. He said,

“I don’t sit around just talking to experts because this is a college seminar, we talk to these folks because they potentially have the best answers, so I know whose ass to kick.”

Contrast that with his response to his own team’s infamous response to the “boot on the throat” remark.

“I would say that, you know, we don’t need to use language like that…”

Ouch. As much as I truly didn’t want to acknowledge it, I listened to the “ass kicking” display and felt the same embarrassed awkwardness I felt when Howard Dean and Mike Dukakis tried to channel their own inner manly man.

Back on Sept. 29, 2009 I wrote the following about Obama and Afghanistan:

Damn the truth, and damn the proper, Obama is just a Chicago politician with an agenda to “fundamentally transform” America… Full blur ahead! He is after all, “Community Organizer in Chief“.

That contrived gauzy blur may have worked in the shadows of the slurry that is Chicago politics, but it sure as hell doesn’t work on a national or a global stage.

Hollow theatrics don’t matter when push comes to shove; they just are embarrassing in the face of the environmental disaster that is the Gulf oil spill. Say what you will about Dubya, one fact about him remains clear – he never resorted to “acting” due to a lack of insight or conviction in his beliefs — regarding Katrina or any other challenge he faced.

So where are we now? President Obama is lost. He’s pushing an immigration bill that the people don’t want. He doesn’t know what to do with the Gulf oil disaster (just ask über-liberal James Carville). And of all things, for reasons that seem defy comprehension, the president has hit the road trying to campaign for a health-care bill that has already been rammed down the throat of the electorate.

Yeah, yeah, yeah, I know of the upcoming mid-term elections and the importance and weight of the senior vote. But still, you don’t heal a wound by ripping it back open and pouring in salt.

But when all is said and done, a very simple question hangs in the air: “Why?” In my humble opinion, it all boils down to this: “Obama/Dean/Dukakis Confusion” is what happens when agenda, intellectualism, and entitlement crash into the real world…

How sad.

Alan Speakman