Good job, Shep!
Shep Smith goes off on Congress over AIG debacle!


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When do we get to start calling it the Obama Recession?
Stocks ended lower Friday, pushing the Dow Jones industrial average to its lowest close since last November and leaving it with a weekly decline of 5.2 percent.
The Dow fell 82.35, or 1.04 percent, to 7,850.41. It was the lowest close since Nov. 20, when the blue-chip index settled at a five-and-a-half month low of 7,552.29.
The Washington Post discussed the President's optimism:
President Obama declared himself optimistic after meeting with Republican House leaders Tuesday afternoon and called for a suspension of partisan politics as he and lawmakers try to craft a rescue of the nation's economy. Speaking to reporters before heading into a similar meeting with Senate Republicans, Obama called the House meeting "constructive."
"The American people expect action," he said. "They want us to put together a recovery package that puts people back to work, that creates investments that assure our long-term energy independence, an effective health care system, an education system that works; they want our infrastructure rebuilt, and they want it done wisely, so that we're not wasting taxpayer money."
"But let no one be mistaken that this bill is the result of bipartisan egotiations. While Republicans were courteously consulted at the member and staff level, we were never at the negotiating table. Speaker Pelosi best described the bottom line on the process. She said: “Yes, we wrote the bill. Yes, we won the election.” That quote comes right out of the front page of the Washington Post, dated Friday, January 23, 2009." Sen. Charles Grassley (R-IA) said in a statement earlier in the day.
Grassley called the legislation "a deal made between the Democratic Leadership and the Obama administration. No Republican ideas need apply."
"I don't expect a hundred percent agreement from my Republican colleagues," Obama said, "but I do hope that we can all put politics aside and do the American people's business right now."
Congress has officially wasted, lost or misused $780 Million of your tax payer money. Where is it? We need answers.
Town Hall reported yesterday:
The Senate on Monday voted unanimously to postpone the upcoming transition from analog to digital television broadcasting by four months to June 12 setting the stage for Congress to pass the proposal as early as Tuesday.
Monday's Senate vote is a big victory for the Obama administration and Democrats in Congress, who have been pushing for a delay amid growing concerns that too many Americans won't be ready for the currently scheduled Feb. 17 changeover.
Great! Looks like we don't need that $650 Million for "converter coupons" in that good ol' stimulus spending bill!
Who the hell are the 6.5 Million people still using rabbit ears anyway? Yup, that's what The Nielsen Co. estimates.
The Obama administration began pushing for a delay this month after the Commerce Department hit a $1.34 billion funding limit for coupons that help consumers pay for digital TV converter boxes. The boxes, which generally cost between $40 and $80 and can be purchased without a coupon, translate digital signals back into analog ones for older TVs.
Tuesday: President Obama and Transportation Sec. Ray LaHood are escorted by House Sergeant of Arms Bill Livingood to a meeting with GOP lawmakers on Capitol Hill (AP Photo).
At least some Republicans still believe in Conservatism and fiscals responsibility.
Here is a proposal from The Republican Study Committee (RSC) not being reported in the media.
The Republican Study Committee is a group of over 100 House Republicans organized for the purpose of advancing a conservative social and economic agenda in the House of Representatives.
The Republican Study Committee is dedicated to: -- a limited and Constitutional role for the federal government, -- a strong national defense, -- the protection of individual and property rights, -- and the preservation of traditional family values. The group has played a major role in key policy areas including budget, appropriations, taxes, education, Social Security reform, defense, deregulation, and general government reform. The Republican Study Committee is an independent research arm for Republicans.
The Republican Study Committee (RSC) is introducing the Economic Recovery and Middle-Class Tax Relief Act of 2009—to provide some much-needed, incentive-based relief to job creators and to reduce the cost that government imposes on middle-class families.
The RSC’s Economic Recovery and Middle-Class Tax Relief Act is designed to provide broad,growth-oriented, permanent incentives for economic activity across all sectors and industries, with immediate application and sustained, long-term implications. This will ensure that Washington takes a back seat to Main Street and job creators are empowered to do what they do best—create jobs.
Highlights: The RSC’s Economic Recovery and Middle-Class Tax Relief Act is based on three main themes: 1) Support Families through Tax Relief; 2) Provide Economic Relief or American Businesses and Entrepreneurs; and 3) Save Future Generations from a Crushing Debt Burden.
Support Families through Tax Relief:
The irony is that Paterson may be swinging from the nation's most prominent Democratic family to one with strong Republican ties. Gillibrand's father, Doug Rutnik, is an Albany insider and lobbyist whose ties to former GOP powerhouses Joe Bruno, George Pataki and Al D'Amato are legendary.
Ironically, Chuck Schumer, who defeated D'Amato in 1998, is said to be Gillibrand's top Democratic champion. What's even more ironic is that Gillibrand has a one hundred percent rating from the National Rifle Association, and Schumer made his own national reputation as a sponsor of the assault weapons ban and a fierce proponent of Brady bill and other gun control legislation. Gillibrand even opposes any limitations on the sale of semiautomatic weapons or "cop-killer" bullets that can pierce armored vests.
Schumer's other signature issue is the care and feeding of Wall Street, and Gillibrand voted against both of the Schumer-supported financial service bailout bills last fall, which have delivered billions to New York, salvaging institutions like Citigroup. An editorial in Crain's, the city's premier business news magazine, said recently that Gillibrand "should be disqualified" from seeking the senate seat "by her politically expedient vote" against the bailout.
Gillibrand has described her own voting record as "one of the most conservative in the state." She opposes any path to citizenship for illegal immigrants, supports renewing the Bush tax cuts for individuals earning up to $1 million annually, and voted for the Bush backed FISA bill that permits wiretapping of international calls. She was one of four Democratic freshmen in the country, and the only Democrat in the New York delegation, to vote for the Bush administration's bill to extend funding for the Iraq war shortly after she entered congress in 2007. While she now contends that she's always opposed the war and has voted for bills to end it, one upstate paper reported when she first ran for the seat: "She said she supports the war in Iraq." In addition to her vote to extend funding, she also missed a key vote to override a Bush veto of a Democratic bill with Iraq timetables.
Cong. Kirsten Gillibrand from Columbia County, NY. Her ACU rating in her only year rated year in Congress -- 8. Exactly the same as Clinton in 2007.
***Related
Liberal Bloggers Are Outraged!
Will MSM Label Incoming NY Senator as 'Maverick Democrat?'
Well this is good to know! (Hat Tip: Drudge)
Ranking Member Dave Camp (R-MI) presses staffer from the Joint Committee on Taxation about job creation in the Democrats' proposed stimulus bill. He could not confirm that this bill could produce one job.
OPENING STATEMENT OF RANKING MEMBER DAVE CAMP
MARKUP OF H.R. 598 – ECONOMIC STIMULUS BILL
From republicans.waysandmeans.house.gov
I understand the Speaker has put enormous pressure on the varying committees of jurisdiction to bring her bill to the floor as quickly as possible. However, the President has directly challenged us “to end the petty grievances and false promises, the recriminations and worn out dogmas, that for far too long have strangled our politics.” You have echoed that call for bipartisanship on this Committee.
Given the events of the past few weeks—not the least of which are the release of the bill at 5 p.m. on a Friday of a holiday weekend with no input from the Minority—we are not optimistic about our Amendments being thoughtfully considered let alone accepted. To that end, we will not be offering a substitute. Instead, we will take our proposals directly to the President who has agreed to sit down with us and to hear our case.
Now this is Conservatism in Action!
Excerpts from Dick Morris's column. He truly nails it folks! This is exactly what we have been talking about for months! Get on board the ConservativeXpress! In implementing his agenda, Obama will emulate the example of Franklin D. Roosevelt (not the liberal mythology of the New Deal, but the actuality of what it accomplished). These are all good programs, but they normally would be stretched out for years. Freed of any constraint on the deficit -- indeed empowered by a mandate to raise it as high as possible -- Obama will do them all rather quickly. So Obama's name will be mud by 2012 and probably by 2010, as well. And the Republican Party will make big gains and regain much of its lost power. But it will be too late to reverse the socialism of much of the economy, the demographic change in the electorate, the rationing of health care by the government, the surge of unionization and the crippling of talk radio.
Obama's record will be similar, although less wise and more destructive. He will begin by passing every program for which liberals have lusted for decades, from alternative energy sources to school renovations to infrastructure repairs to technology enhancements.
Obama will follow the opposite of the Reagan strategy. Reagan cut taxes and increased the deficit so that liberals could not increase spending. Obama will raise spending and increase the deficit so that conservatives cannot cut taxes. And when the economy is restored, he will raise taxes with impunity since the only people who would have to pay them would be rich Republicans.
In the name of stabilizing the banking system, Obama will nationalize it. Using TARP funds to write generous checks to needy financial institutions, his administration will demand preferred stock in exchange. Preferred stock gets dividends before common stockholders do. With the massive debt these companies will owe to the government, they will only be able to afford dividends for preferred stockholders -- the government, not private investors. So who will buy common stock? And the government will demand that its bills be paid before any profits that might materialize are reinvested in the financial institution. So how will the value of the stocks ever grow? Devoid of private investors, these institutions will fall ever more under government control.
And Obama will move to change permanently the partisan balance in America. He will move quickly to legalize all those who have been in America for five years, albeit illegally, and to smooth their paths to citizenship and voting.
And he will enact the check-off card system for determining labor union representation, repealing the secret ballot in union elections.
Finally, he will use the expansive powers of the Federal Communications Commission to impose "local" control and ownership of radio stations and to impose the "fairness doctrine" on talk radio. The effect will be to drive talk radio to the Internet, fundamentally change its economics and retard its growth for years hence.
But none of these changes will cure the depression. It will end when the private sector works through the high debt levels that triggered the collapse in the first place. And then, the large stimulus package deficits will likely lead to rapid inflation, probably necessitating a second recession to cure it.
Do not let this happen, America! Write your Senator andCongressmen! Write
President Obama! His socialist agend will not work, yet his efforts will cost us
trillions of dollars in debt to our kids and grandkids!
Wake up! It is a horrible plan! Wake up from the Obamamania haze and see
what is truly going on!
From Michelle Malkin:
The CBO analysis showed that "less than half of the $30 billion in highway construction funds detailed by House Democrats would be released into the economy over the next four years" and "less than $4 billion in highway construction money would reach the economy by September 2010," according to the Associated Press. And those are generous time estimates given the reality of molasses-slow bidding and contracting processes -- bogged down by the usual weight of political wrangling, racial bean-counting and assorted union grievance-mongering.
Just $26 billion out of the $274 billion set aside in the package would reach the economy by the end of the year, the CBO found. That's a mere 7 percent. Moreover, the AP summed up: "Just one in seven dollars of a huge $18.5 billion investment in energy efficiency and renewable energy programs would be spent within a year and a half."
A report by the Congressional Budget Office found that only about $136 billion of the $355 billion that House leaders want to allocate to infrastructure and other so-called discretionary programs would be spent by Oct. 1, 2010.
“One last question, and this relates to your ability to exercise your responsibilities independently of what the president may or may not like. Uh, he is reported to have considerable skills as a basketball player, and you have indicated to me when we met in my office that you also are a person of considerable skill. In the event, Mr. Holder, that he invites you to the gym for a little one on one, will you promise us and the American people that you will do everything in your power to defeat him as badly as you can?”
--Senator Herb Kohl, owner of the NBA's Milwaukee Bucks at Senate confirmation hearings of controversial Attorney General Nominee Eric Holder
From USA Today:
Sen. Herb Kohl, D-Wis., ends his questions by asking Holder if he'll do everything he can to defeat Obama on the basketball court (the president-elect is a regular player).
Holder, who played high school ball in New York City, says of Obama that "he's 10 years younger than me. He plays a lot more frequently than I do. Having said that, I've got a New York City game. ..."If you give me a little time and a little space to get back in shape, I think I could hang with him."
But beating Obama might not be a great idea, Holder jokes.
Rep. Jose Serrano thinks Barack Obama will be such a great President, that we'll never need another one. Anyone tell Bill Clinton about this? On the positive side, he also wants to make it easier to Cubans to play Major League Baseball...
Here is the text of his House Resolution he
111th CONGRESS
1st Session
H. J. RES. 5
Proposing an amendment to the Constitution of the United States to repeal the twenty-second article of amendment, thereby removing the limitation on the number of terms an individual may serve as President.
IN THE HOUSE OF REPRESENTATIVES
January 6, 2009
Mr. SERRANO introduced the following joint resolution; which was referred to the Committee on the Judiciary
JOINT RESOLUTION
Proposing an amendment to the Constitution of the United States to repeal the twenty-second article of amendment, thereby removing the limitation on the number of terms an individual may serve as President.
Resolved by the Senate and House of Representatives of the United States of America in Congress assembled (two-thirds of each House concurring therein), That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission for ratification:
‘Article–
'The twenty-second article of amendment to the Constitution of the United States is hereby repealed.’
A fun fact about Rep. Serrano, his top campaign donor is Service Employees International Union.... wait, didn't we hear about them before.... with Blago Scandal?!?!?
Whispering sweet nothings or just smelling his shampoo....Image from Reuters.
Anyway....
From The Associated Press:
WASHINGTON – Secretary of State nominee Hillary Rodham Clinton intervened at least six times in government issues directly affecting companies and others that later contributed to her husband's foundation, an Associated Press review of her official correspondence found.
The overlap of names on former President Bill Clinton's foundation donor list and business interests whose issues she championed raise new questions about potential ethics conflicts between her official actions and her husband's fundraising. The AP obtained three of the senator's government letters under the Freedom of Information Act.
WASHINGTON – Hillary Rodham Clinton said Tuesday that she intends to revitalize the mission of diplomacy in American foreign policy, calling for a "smart power" strategy in the Middle East and implicitly criticizing the Bush administration for having downgraded the role of arms control.
At a confirmation hearing before the Senate Foreign Relations Committee, President-elect Barack Obama's choice for secretary of state sailed smoothly through an array of non-contentious questions, signaling the likelihood that she will be confirmed swiftly. By the end of a morning session that lasted a little over three hours, Clinton appeared to have made no stumbles and encountered no challenges to her basic vision for foreign policy.
"The core of the problem is that foreign governments and entities may perceive the Clinton Foundation as a means to gain favor with the secretary of state," said Sen. Richard Lugar of Indiana, the panel's respected and centrist senior Republican.
"The only certain way to eliminate this risk going forward is for the Clinton Foundation to forswear new foreign contributions when Senator Clinton becomes secretary of state," Lugar said, although he also proposed a series of compromise steps that stopped short of a full cutoff of foreign funding.
ConservativeXpress proudly endorses Ms. Clinton as the most qualified, least dangerous Obama appointee...WASHINGTON (AFP) — Incoming President Barack Obama will lead "a global and coordinated response" toward combating climate change, secretary of state designate Hillary Clinton told a Senate confirmation hearing Tuesday.
Clinton told Senator John Kerry, chairman of the Senate Foreign Relations Committee, that he was among "the very first in a growing chorus from both parties to recognize that climate change is an unambiguous security threat.
"At the extreme it threatens our very existence but well before that point it could well incite new wars of an old kind over basic resources like food, water and arable land," Clinton said.
"President-elect Obama has said America must be a leader in developing and implementing a global and coordinated response to climate change," Clinton said.
"We will participate in the upcoming UN Copenhagen Climate Conference and a global energy forum," the 61-year-old senator told
the committee a week before Obama assumes office.
"And we will pursue an energy policy that reduces our carbon emissions while reducing our dependence on foreign oil and gas, fighting climate change and enhancing our economic and energy security," she said.
Governor Paterson has his work cut out for him with respect to replacing Hillary Clinton. The top candidates are inter-woven in a web of marriage, betrayal and power sharing that would make Shakespeare proud!
Politico has a great article on New York nepotism, highlighting the family tiff between the Kennedys, the Cuomos and the Patersons.
It's no secret that New York Attorney General Andrew Cuomo was once married to Kerry Kennedy, the cousin of Caroline, and sister of Robert Kennedy Jr. Their bitter divorce left the Cuomos and Kennedys at odds with each other.
Gov. Paterson has that to contend with, not to mention his father's connections to state politics.
"As we always say, politics in New York is a different ballgame," said pollster Lee Miringoff, director of the Marist Institute of Public Opinion, adding, "Illinois may be making headlines, but it's still the Second City."
Indeed politics throughout the US are mired by nepotism, pay-to-play and behind the scenes wheeling and dealing.
Still, Gov. Paterson is in a most unenviable position; he cannot please everyone and is sure to have at least one New York Power Family against him.
And he thought answering Elliot Spitzer questions would be tough!
Minnesota Rep. Michelle Bachmann (R) wrote a recent column for TheHill.com which highlights some disturbing information about Obama's economic stimulus plan.
The estimated $850 Billion package has special interest groups salivating. Bachman cites a Washington Post story, saying the this plan “would include at least $100 billion for cash-strapped state governments and more than $350 billion for investments in infrastructure, alternative energy and other priorities…”
Rep. Bachman, like many conservatives, worries where the money will go:
You’ve got to wonder if the infrastructure investments that Obama is going to include in his package might come from the list of 11,391 projects that the U.S. Conference of Mayors recently submitted to Congress. The list includes things like a $4.8 million polar bear exhibit at the Providence, RI zoo and a $1.5 million water ride in Miami, FL.
According to a recent CNN article, other abuses of taxpayer dollars found within the report include: “a proposed $20 million minor league baseball museum in Durham, North Carolina; $6.1 million for corporate jet hangars at the Fayetteville, Arkansas, airport; $20 million for renovations at the Philadelphia Zoo; and a $1.5 million program to reduce prostitution in Dayton, Ohio.”