Fighting to Preserve Liberty in America
Photo by Dave Makes
Two news items yesterday, when put together, start to tell an interesting story. Warren Buffett invested $5 billion in Bank of America in a private sweetheart deal that will guarantee him a 6% return (that’s $300 million per year) and he is hosting a fund raiser for Barack Obama in New York where the tickets start at $10,000. What’s going on?
Photo by Sillgwailo
Starbucks CEO Howard Schultz wrote an open letter to his fellows CEOs about the current economic situation. (Howard Schultz CEO Letter) In it he calls for action. The letter and Mr. Schultz are interesting both for what they say and what they don’t.
Photo by Nilexuk
“While Washington has been absorbed in this debate about deficits, people across the country are asking what can we do to help the father looking for work,” Obama said. “That’s part of the reason that people are so frustrated with what’s been going on in this town. … Our economy didn’t need Washington to come along with a manufactured crisis to make things worse.” — President Barack Obama, August 2011
President Obama likes to look to history, going as far back as 2008, to explain ad nauseam the mess he was handed. So let’s take a longer look at his performance among American Presidents.
Phot by Minwoo
Another week, another code word. The new term being bandied about is Balanced, which really means soak the rich. It’s is class warfare, the stock and trade of the left. If you can’t beat ‘em, beat ‘em. But I guess the cat was let out of the bag when Neil Cavuto interviewed Congressman Steve Cohen (D-TN) and the Congressman had this brilliant piece of wisdom to share with us:
Photo by Studio08Denver
Amendment XIV, Section 4: The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
Section 5. The Congress shall have the power to enforce, by appropriate legislation, the provisions of this article.
Two-faced can be such an overused term, but on the other hand two doesn’t seem to be enough to capture Harry Reid.
Mommy! Johnny Boehner didn’t return my phone call! Waaaah! Seriously? Is this what a president says in a press briefing? Good Grief!
As the brinksmanship over the debt limit heats up, we can still hear the progressives saying that we are in this fix because we cut taxes without “paying” them. Let’s drive a stake through the heart of that one.
As I check the current price of GM stock this morning, $31 per share, and I contemplate how in the world it is going to reach the $53 per share price Americans need to fully recover their “investment” in the automaker, a recent news story lays it on the line. It’s not going to happen. The Obama administration has announced that it is demanding that auto companies double the mileage that their fleets get, to 56.2 miles per gallon, by 2025.
In the July 4 issue of National Review we have this follow-up on the stimulus.
“In a speech at Chrysler’s Toledo plant celebrating his administration’s ‘successful’ bailout of the company, the president invoked the multiplier effect by pointing out that saving the plant had helped Chet’s Restaurant, a Toledo institution since the 1920s, to stay open. A few days later, Chet’s announced that it was closing; the owner laid equal blame on the current hard times and Ohio’s 2006 enactment of a smoking ban.”
More than two years after the official end of the recession our economy limps along. We are overtaxed, overregulated by busybody governments at all levels, that believe their superior intellect and beliefs should be impressed on the drone populace for their own good. What was that phrase? “Give me liberty…”
That’s my opinion; I’d like to know yours. Please comment below.
