December 21, 2008 — Assigned Reading


‘Non-Binding’ Bailout
(FROM: The Wall Street Journal) President Bush kicked that can right down the road and, in the process, kicked conservatives right in the teeth. Instead of permitting General Motors, Chrysler and Ford to undergo an orderly bankruptcy, Bush wrote a check for $17 billion after Congress failed to act. Supposedly, the companies have until March to comply with a few terms and conditions, but even those were deemed “non-binding,” and you know what that means — nothing will be done. Heck, in the press conference immediately following the news of Bush’s decision, the first thing that came out of GM CEO Rick Wagoner’s mouth was a hearty “thank you,” not to President Bush for making the decision or to you and me for paying the bill, but to United Auto Workers President Ron Gettlefinger. The problematic relationship between business and labor which has adversely affected the automotive industry for longer than I have been alive is not going anywhere. Mark my words, nothing of substance will change. Certainly not under Barack Obama and his new pro-union labor secretary.

Mark Steyn: We’re in the Fast Lane to Bailoutistan
(FROM: Orange County Register) ABSOLUTELY BRILLIANT. I wish I could write like Steyn. Here’s a snippet … read the rest for yourself:

General Motors now has a market valuation about a third of Bed, Bath & Beyond, and no one says your Swash 700 Elongated Biscuit Toilet Seat Bidet is too big to fail. GM has a market capitalization of about $2.4 billion. For purposes of comparison, Toyota’s market cap is $100 billion and change (the change being bigger than the whole of GM). General Motors, like the other two geezers of the Old Three, is a vast retirement home with a small money-losing auto subsidiary. The UAW is AARP in an Edsel: It has three times as many retirees and widows as “workers” (I use the term loosely). GM has 96,000 employees but provides health benefits to a million people.

How do you make that math add up? Not by selling cars: Honda and Nissan make a pretax operating profit per vehicle of around $1,600; Ford, Chrysler and GM make a loss of $500 to $1,500. That’s to say, they lose money on every vehicle they sell. Like Henry Ford said, you can get it in any color as long as it’s red.

Where does it end? Why should we be forced to pay for other’s mistakes? Why should the investors in the hedge fund which owns most of Chrysler continue to fatten their wallets with cash from ours? As South Carolina Gov. Mark Sanford asked, why should the folks in the Palmetto State be forced to bail out those in California and New York who could not reel in their excessive taxes and excess spending? Why should any of us be accountable for someone else’s malfeasance?

SEE ALSO:

Illegal Fatally Beats Woman Who Gives him Home
(FROM: WorldNetDaily) In this case, unlike so many others, it isn’t that the animal in question had been picked up several times for traffic violations and such but not deported before crossing the center line and killing a car full of kids. In this case, the killer had been deported a dozen times but kept sneaking in. This is a problem which needs to be solved. Border security is a priority which must be done. Unfortunately, between President-elect Obama’s globalist perspective and his choice of Janet Napolitano for Homeland Security director, I’m not sure we’ll see anything on this front for the next four-plus years.

The Madoff Inheritance
(FROM: The Wall Street Journal) While the sheer size and scope of Madoff’s scheme is shocking, does anyone here take a look at what’s happening with our federal government and these bailouts and feel as though we’re all being Madoff-ed? Just wondering.

‘Baghdad Clogger’ Suffered Brutal Beating After Arrest
(FROM: UK/Observer) That’s unfortunate. Of course, there should be consequences of his actions, but this isn’t how a free country handles itself. Regardless of the developments in this story, two things just continue to stick out — first, the irony that the shoe-thrower was permitted to actually throw his shoes because of the freedom afforded to him by his target, and second, the fact that he is being revered as a hero by BOTH radical Muslims who hate America and the American political left. Liberals always take offense whenever their patriotism is challenged — having an enemy-of-my-enemy is my friend approach to this particular issue just doesn’t do any good for anyone.

Is Obama Vulnerable to Blackmail?
(FROM: American Thinker) Even aside from the concerns raised about the president-elect’s background and possible citizenship issues, there are a wealth of opportunities for anyone looking to get under this upcoming administration’s skin. All that time spent, during the election cycle, talking about how questions about Obama’s character and associations were relevant with regard to judgment, and this is one of the first time I’ve seen any resource raise the same questions and points with a blackmail-related angle. Good, thought-provoking read.

China Blocks Access to New York Times Web Site
(FROM: Newsmax) Oppressive government my foot. I think the folks along the Yellow River are just averse to yellow journalism.

Duggar Family Welcomes 18th Child
(FROM: People Magazine) A guy I know, upon reading about this story, wrote simply: “It’s a uterus, not a clown car.” As much as I found the sentiment to be hilarious, as much as I cannot even glance at the Duggar family without thinking of Monty Python’s “Every Sperm is Sacred” song from The Meaning of Life, in truth I see nothing whatsoever wrong with having a large–or even enormous–family so long as it is self-sustainable, so long as government is not involved for support. Somehow, be it the do-it-yourself haircuts or the sew-it-yourself prairie clothing, the Duggars make it work. As I type this in bed, my wife informs me that (1) they make their own laundry detergent, (2) they have several rental properties from which they garner quite a bit of income, (3) they shop at thrift stores, buying used shoes instead of new ones, and (4) they grow much of their own produce, requiring them to buy less at budget supermarkets. Obviously, somebody’s been watching the Discovery Channel! Regardless, 18 kids means a whole lot of love, and aside from mortgages and car payments and grocery bills, isn’t that what matters? For those who are curious, contrary to popular belief, the child–a girl–was born by Caesarean section, and did not physically walk out.

Share

Comments

  1. Richard says:

    Agreed.

  2. Janet says:

    Hi Jeff, I found out some information today and was thinking: Now who would I trust to follow up and not mess it up? And here I am!

    S. Ann Dunham Soetoro’s (or Sutoro) divorce lawyer:

    Gilardy William H Esq
    Honolulu, Hawaii 96615
    (808) 237-4100
    press 2 for directory
    press 3 for street address
    FAX (808)237-4101 and 4102

    Still alive, still practicing.
    I called at 1:30am Sat. night just to verify it’s the right number, left no message of course!

    Somehow I doubt that Obama thought of covering his tracks with this guy, too, but you never know and Obama’s in Hawaii right now.

    Here is the pdf of the divorce papers:
    http://www.therightsideoflife.com/?p=2043 .com/?p=2043
    I believe it began June 15, 1980 and took until 1988 to finish!

    We need to know if Obama’s LEGAL name at that time was Barry Soetoro (or Sutoro). That would be the bombshell, Jeff, which would prove that Obama is not his legal name.

    Do you want to take a deep breath and call him? You could use a pen name like Barry does.

  3. Pole & 18th-21st Street Block Watch says:

    China blocks New Your Times website.

    Whats’ the problem, it’s pure propaganda anyway, except maybe this edition. http://nytimes-se.mayfirst.org/NYTimes-SE_spreads.pdf

  4. msjudy says:

    I just heard about this a couple days ago. Google general motors ‘china. Read what comes up, really surprised me, I had no idea.

    If I can plug a site. It is Republic Broadcasting Network. Go to the archives and look for the National Intel Report, you can start listening in November, it is different talk radio than on regular am. John is all constitutional, and he talks about the bankers, and the bailout. I listen to him everyday. The Sting of Stang is really good also, they are all pretty good really.

    Another thing, probably doesn’t go here, but will put it here anyway. I found it rather enlightening. It is an Ex KGB officer who defected to the west. His name is Yuri Bezmenov, I thought about when Nikita K pounded his shoe on the podium, and said what he said that day.

    http://www.youtube.com/watch?v=vlkPkJInUmU

    http://www.youtube.com/watch?v=DIFcnctnHsE

  5. Sheila says:

    Is anyone else having difficulty posting comments lately?

  6. cltvcoyote says:

    Janet,
    The divorece only took that year, 1980, if you look at the dates you will see that the final papers were isssued in 1980, not 1988 as you mistook, and also the name Soetoro is Lolo’s last name and should be Barack’s, unless he re-uped and naturalized himself when he came back to the USA (Hawaii) in supposedly 1980-81, but he was in Pakaistan in that same time period, so…. your guess is as good as anyone else’s.

    Also, I don’t know where you got he name Sutoro, it is spelled out by the court docs to be SOETORO. And he supposedly refistered under Selective Service on his nineteenth birthday, but that document was falsfied or faked by the Computer gurus he has hired, if indeed, he even did register at all. There is a website that has a copy of his SS Registration doc and comments about what to look for in the forgeries that were included in that document, time-date stamp from US Postal Service vs US Post Office, date of signing by Obama, vs date of receiveing it, he signed a day earlier than the date it was given to him, if it was given to him and several other things. And of course, no one has seen his school records for College, so no one knows what or how he registered. He was clearly the child in the Divorce doc as being over 18 years of age, and his sister Maya was under that age, so Lolo was still legally responsible for her, except that S. Ann Dunham didn’t want any chid support, so none was granted. The education or insurance expenses were not an issue at that time (in the early 80′s as children reacched emancipation at 18 and would only have been a burden to the parent if the parent should chose to take on that obligation, and many didn’t in that time period. In fact, most didn’t then. Some footed the bills for education if they knew that the child was carrying a “full load” and maybe they carried school insurance and housing plus tuition, but most children over the age of 18 usually paid for their own expenses back then.

    This document didn’t really show anything that hasn’t already been known about Obama, except that it didn’t refer to his legal name or adoption by Soetoro and thus the responsibility of him being Barry Soetoro or Barack Obama.

    Claudia,
    Reno, NV

  7. Janet says:

    Claudia,

    1. Sutoro is how S.Ann Dunham spelled her last name while writing her dissertation or thesis. Soetoro (the Indonesian way to spell it) was how it was spelled in the divorce papers.

    2. The point was that the divorce lawyer is still alive. We need to contact him to simply ask if the name of the 18 year old was Barry Soetoro. Was that his legal name?

    If so, then where are the records that he changed his legal name to Barack Obama?

    And if he never did, then he cannot legally be named president as Barack Obama.

    Jeff, would you be willing to call to find out? The name & number are listed in my earlier post here.

  8. Lil says:

    I really think calling the lawyer is a waste of time, O afterall is is Hawaii as we speak and that alone puts pressure on anyone willing to come out and expose the truth. It seems that BHO has gone there to silence some people on that end…is Andy Martin still there??

  9. PattyW says:

    Several comments, mostly for fun…
    First, if all of us hard-working tax payers are going to be footing the bill for these companies that are “too large to fail” can we write off our taxes as charitable contributions?
    Second, the black-mail issue regarding Obama was my point in an earlier comment that he could NOT get a secret clearance like I was required to have to work for a military contractor. The main issue with the lowest level of clearance is revealing anything in your closet that could be used to black-mail you and from the people in Obama’s past, I believe he has several closets full!

Speak Your Mind

*