For a third time in as many days, North Korea has tested nuclear missles. Where is the Secretary of State? Hill is nowhere to be found. The UN has begun to write a resolution with punitive action. We know how that worked out in Iraq from 1992-2003. Obama is gravely concerned. I am so glad this guy is my Commander-in-Chief. We should all feel very safe. In defense of Obama, making a statement might have an adverse effect on the global anti-american setiment he is unilaterally trying to fix.
With Obama’s nomination of Sotomayor to the Supreme Court comes a flashback to last year’s election; i.e., a young minority who was raised in poverty, aspired to make something of themself, and thrived in law school. It sounds all too familiar, doesn’t it? I am a Disney fan, and as one I love the under dog story which ends in a slow clap and a “happily ever after.” However, this is real life and a “good story” should not enter the conversation when it comes to Supreme Court Justices. Just ask Congress circa 1991 with the Clarence Thomas confirmation hearings. If there is one story which diserves the title of “compelling” it is that of Justice Thomas. Thomas’ story was rarely mentioned and his story of growing up in the segregated south was only used against him. Thomas was seen as someone who left his roots behind him, and became a slave to the “white-man.” Here are some examples of what was said about Justice Thomas:
Historian John Henrik Clarke called Thomas: A “frustrated slave crawling back to the plantation.”
Former Surgeon General Joycelyn Elders publicly called Justice Thomas an “Uncle Tom” (see Washington Post, May 2, 1995);
The ability to sit on a bench has very little to do with how “in-touch” you are with the common man, and has everything to do with the application of the precendent law before you. Let us hope that Sotomayor’s ability to do so is analyzed thoroughly by Congress. Something tells me they will, again, drop the ball, and those who actually ask questions will be villified as racists.
In an interview of momentous importance, WJR’s Frank Beckmann interviews Tom Lauria, the Head of Restructuring at top five law firm White & Case, in which the lawyer, who represents Chrysler hold-out hedge funds Stairway Capital and Oppenheimer Funds, discusses on the record the amazing treatment by the White House of Perella Weinberg, which initially had been a transaction hold out but after threats by the White House (not my words) was forced to drop their objection and go with the administration. Says Lauria:
“One of my clients was directly threatened by the White House and in essence compelled to withdraw its opposition to the deal under threat that the full force of the White House press corps would destroy its reputation if it continued to fight…That was Perella Weinberg.”
…The full interview with Tom Lauria below is a must hear for everyone as it discloses not only the administration’s strong arming tactics in black and white, but also discloses some other critical facts that the president on his regular TV appearances has failed to mention
Enjoy the insight – Charles offers a great explanation of what the Obama presidency has its eye on.
By Charles Krauthammer:
Five minutes of explanation to James Madison, and he’ll have a pretty good idea what a motorcar is (basically a steamboat on wheels; the internal combustion engine might take a few minutes more). Then try to explain to Madison how the Constitution he fathered allows the president to unilaterally guarantee the repair or replacement of every component of millions of such contraptions sold in the several states, and you will leave him slack-jawed.
In fact, we are now so deep into government intervention that constitutional objections are summarily swept aside. The last Treasury secretary brought the nine largest banks into his office and informed them that henceforth he was their partner. His successor is seeking the power to seize any financial institution at his own discretion.
Despite these astonishments, I remain more amused than alarmed. First, the notion of presidential car warranties strikes me as simply too bizarre, too comical, to mark the beginning of Yankee Peronism.
Second, there is every political incentive to make these interventions in the banks and autos temporary and circumscribed. For President Obama, autos and banks are sideshows. Enormous sideshows, to be sure, but had the financial meltdown and the looming auto bankruptcies not been handed to him, he would hardly have gone seeking to be the nation’s credit and car czar.
Obama has far different ambitions. His goal is to rewrite the American social compact, to recast the relationship between government and citizen. He wants government to narrow the nation’s income and anxiety gaps. Soak the rich for reasons of revenue and justice. Nationalize health care and federalize education to grant all citizens of all classes the freedom from anxiety about health care and college that the rich enjoy. And fund this vast new social safety net through the cash cow of a disguised carbon tax.
Obama is a leveler. He has come to narrow the divide between rich and poor. For him the ultimate social value is fairness. Imposing it upon the American social order is his mission.
Fairness through leveling is the essence of Obamaism. (Asked by Charlie Gibson during a campaign debate about his support for raising capital gains taxes — even if they caused a net revenue loss to the government — Obama stuck to the tax hike “for purposes of fairness.”) The elements are highly progressive taxation, federalized health care and higher education, and revenue-producing energy controls. But first he must deal with the sideshows. They could sink the economy and poison his public support before he gets to enact his real agenda.
The big sideshows, of course, are the credit crisis, which Obama has contracted out to Treasury Secretary Tim Geithner, and the collapse of the U.S. automakers, which Obama seems to have taken on for himself.
That was a tactical mistake. Better to have let the car companies go directly to Chapter 11 and have a judge mete out the bitter medicine to the workers and bondholders.
By sacking GM’s CEO, packing the new board, and giving direction as to which brands to drop and what kind of cars to make, Obama takes ownership of General Motors. He may soon come to regret it. He has now gotten himself so entangled in the car business that he is personally guaranteeing your muffler. (Upon reflection, a job best left to the congenitally unmuffled Joe Biden.)
Some find in this descent into large-scale industrial policy a whiff of 1930s-style fascist corporatism. I have my doubts. These interventions are rather targeted. They involve global financial institutions that even the Bush administration decided had to be nationalized and auto companies that themselves came begging to the government for money.
Bizarre and constitutionally suspect as these interventions may be, the transformation of the American system will come from elsewhere. The credit crisis will pass and the auto overcapacity will sort itself out one way or the other. The reordering of the American system will come not from these temporary interventions, into which Obama has reluctantly waded. It will come from Obama’s real agenda: his holy trinity of health care, education and energy. Out of these will come a radical extension of the welfare state; social and economic leveling in the name of fairness; and a massive increase in the size, scope and reach of government.
If Obama has his way, the change that is coming is a new America: “fair,” leveled and social democratic. Obama didn’t get elected to warranty your muffler. He’s here to warranty your life.
It’s been a while since I have posted due to a variety of factors.
Since the election, I have given the president time to prove himself to be incompetent rather than running with my own impressions of him as a candidate. In recent days, as our side has turned against him and as his side has turned against him, the president has proven himself to be exactly who we thought he was during the election cycle. He is a man of no ideas running on empty words. We are going to see debt run up to unprecedented levels and the futures of our children stolen as the money spent today does not exist and it is future wealth that is being spent.
As each day passes, we do not know what the president will do next. One hundred billion dollars is no longer that much money. At the rate we are going 10 trillion will soon be a benchmark amount for random government spending to fix the economy.
At the bar today, I watched the Jack Cafferty file and he noted, via a letter posted on the screen that the economy was liked a clog drain and that the money being thrown at it was like additional water being thrown on top to push the clog through. I think, more apropos would be that the water thrown on top is not doing anything and will soon overflow. For example, right above my unit (Manhattan language for home) there is a tenant with the tendency to leave for months and leave his window open. The rain over the months adds up in his tub and begins to accumulate. In the past few weeks the water has overflowed and caused intrinsic structural damage to both his apt and ours. That is what the Obaconomy is doing. You can’t keep throwing water/money at a clogged sink, you need to drain it and let the water/money pass through.
We are often blamed for not having solutions but merely trying to throw blame on the president and congress. We do so because they fully deserve it. I can expound but look at Chris Dodd’s role in both countrywide and the AIG “scandal.” Anyway, solutions are needed in times like these. We don’t need to throw taxpayer money at the problem but allow taxpayers to have confidence in the system again. Initially, I would recommend cutting capgains to a more reasonable amount in order to get more people to invest in the market. It is hard to sell a flailing economy when any likelihood of profit will be erased by hideous taxes.
In addition, I would cut small business taxes to increase hiring. More money retained by small to large businesses would allow the businesses to either hire more or acquire more inventory which would allow the manufacturer to hire more people.
There are simple solutions out there that BHO should listen to.
We are sharing with you Newt Gingrich’s speech from CPAC 2009 last week. It is simply fantastic from beginning to end. With Newt heavily engaged in the 2010 races, his speech makes it clear how the issue-framing is going to take place: within the conservative roots that should underscore the GOP platform. The conservative movement has re-asserted itself and will replace the political-consultant approach to elections of the past few cycles. Fiscal conservatism and limited government will, and should, always be at the forefront of the debate.
We will be at CPAC 2009 on March 26-28. If you will be attending we would like to meet you … please send us a note below or post a message on TBV’s facebook page. For those interested, here is the agenda:
Here is a bit of inspiration from our friends at Rebuild The Party ….