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The Hypocrisy Of The Phrase: Failed Policies Of The Last 8 Years!!

From The Political and Financial Markets Commentator

Friday, February 20, 2009

The Hypocrisy Of The Phrase: Failed Policies Of The Last 8 Years!!

First, A Market Update

On December 8, 2008, I wrote the following:

"We will have the analysts and the "experts" explaining why, after this rally off of the lows set a month or so ago has already taken place, that we have seen the bottom. That we are forming a base, backing and filling, poised to now go much higher and all of the other cliches that you will hear on T.V. These are the same guys and gals who simply go with the momentum trade disguised by fancy talk. When oil was at $140 a barrel, there was no doubt that it was going to $200. Now that it is $40 a barrel, there is no doubt that the next step is $20."

In typical Wall Street analyst fashion, the "experts" were wrong and Thursday we took out those lows and now could have another leg down to who knows where. In another example of investors voting with there feet, excitement and more importantly confidence has not been created in the fiscal stimulus and mortgage plans announced by the Obama administration.

You Want It Fast Or Right?

I still know the drill all of you apologists out there. He has only been in office _____(fill in the blank) days.

The problem is that in this case there are no do overs or mulligans, and if he had not properly vetted his plan with Wall Street and others to make sure it would not only be received well but also be the plan with the highest probability of working, then he should have waited. It is arrogance of the worst kind to believe that you know better, particularly with some of the culpable players you have surrounded yourself with.

It rings like an echo in my mind, another Washington cliche that is always rolled out (except in this case where fast was the main goal): You want it fast or you want it right?

Mr. President, we want it right, because the economic stability of country's around the world depends on it. You hopefully did not over play your hand by setting the artificial drop dead deadline that you did.

A Revealing Walk Down Memory Lane

On a separate topic, you will not believe that I am having a real problem with some of the sanctimonious politicians i see on T.V. that speak of the failed policies of the last 8 years as if there was a finite break between the time that the Clinton administration ended and the Bush administration began.

Remember some of the players and situations from before Bush took office? Bill Clinton, Barney Frank, Chris Dodd, Melvin Watt, the expansion of the Community Reinvestment Act in 1995, the political clout of Fannie Mae, the political contributions made by Fannie Mae (now President Obama was a substantial beneficiary), sweetheart mortgage deals, the attempt to reign in the problem that was blocked by the Democrats when Bush was in office and so on and so on.

I know the rules of Washington. What you say in front of the cameras today is the new reality that wipes out any of your actions that have actually occurred through the years (i.e. Chappaquiddick, sorry couldn't help myself). Even though I know these rules, you reach a point where you just can't listen to it anymore without expressing some outrage.

The clip below was made during the presidential campaign, but is an excellent depiction of when the problem that we now find ourselves in originated.

It will also give some pretty credible evidence to the fact that some of these guys that stand up and say those famous words "the failed policies of the last 8 years" should look in the mirror and understand that while the American public might buy the arguments because no one is really pointing out the reality, they are not really fooling anybody.

Watch The Clip, And After That I Promise We Will Only Look Forward, At Least Until The Next Time.
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It's Deja Vu All Over Again

From The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com
 

Friday, February 6, 2009

It's Deja Vu All Over Again

Political Gamesmanship With The Future Of Our Country

The rhetoric in the clip below is typical of what goes on in Washington. This is a Democrat, but Republicans do it as well. It's about the show, not about what we need. In this case nobody actually knows what we need, but this crap certainly won't get us there, wherever it is that there actually is.



TARP Flashback

I went back to a September 21, 2008 blog I wrote to see what it was that I was thinking at the time. This is about 6 months ago, 6 months into what they call "the worst economic crisis since the great depression." There is a new administration in place, a new Treasury Secretary, Tim Geithner, who had a big hand in creating this crisis or at least in exasperating it as the head of the New York Fed, and our economic future in the hands of politicians that I am afraid have no idea about what it is they are doing. Or more importantly, the potential dire ramifications of what they are doing. Or not doing?

As a concerned outsider it looks as though they are behind closed doors throwing darts at a board to figure out the next proposal with no real idea of the effect that it will have. The common stock of some major financial institutions like Citigroup and Bank of America may disappear, and the decision on the status of preferred stock and the whole capital structure of institutions receiving more TARP funds is anyones guess.

Unemployment and plummeting consumer confidence creates a feeling of despair. The Bank of England cut it's key rate 50 bp to 1%, and our rates are approaching zero. The employment numbers will be out by the time you read this, and there is no expectation for anything other than dismal numbers.

Thinks it's a problem? I found a website that seems to allow you to write a letter to any politician around the country. Check it out, and voice your concerns and let them know that they are playing a game with the future of the country, and so far have not been doing a very good job.

FreedomSpeaks.com

On the bright side, it's the weekend. Party on! Sphere: Related Content
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You Think The Economy's A Problem? How About These Guys?

From The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com

Thursday, February 5, 2009

You Think The Economy's A Problem? How About These Guys?


Economy, Economy, Economy - But That Ain't All

Oh yeah, do we have economic problems that are consuming us all on a daily basis. But let us not forget or foreign policy problems.

We have the war in Iraq and Afghanistan, which since the election we have not heard much about (could just be a coincidence or could it be that the media reporting on the negatives no longer has a reason to report).

But we also have two of the members of the Axis of Evil flexing some military muscle, perhaps as a test of the United States resolve under a new administration, and perhaps because they are an incredible danger to us all.

Iran and North Korea

Who can forget these guys? As reported by Reuters on Tuesday, North Korea is preparing to test its' longest range ballistic missile as the tensions with South Korea escalate. This development is a result of some actions by South Korea that are considered provocative by the North, prompting Kim Jong-il and the government to announce that the Korean peninsula is on the brink of war.

Meanwhile Iran and it's leader President Mahmoud Ahmadinejad launched a home grown satellite into space that has technology that is very similar to that used in a ballistic missile. Iran says that the technology is for peaceful purposes, and who wouldn't believe him?

While being focused on the economy as well as on staffing his administration and the distractions that comes with it (damn taxes), our new President had best not forget that these are potentially very serious foreign policy events that have to be addressed and not back burnered because they have not bubbled over yet.

Let's be proactive instead of the typical stance of reactive.

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Grabbing The Low Hanging Fruit

From The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com

Wednesday, February 4, 2009

Grabbing The Low Hanging Fruit

Newsflash: In an attempt to allow President Obama save face and to avoid ugly confirmation hearings, Tom Daschle withdrew his name from the nomination process Tuesday due to the non payment of taxes. The state of his nomination and call for his withdrawl was discussed here on Monday.




The Outrage Stays The Same

What is that they say about the definition of insanity? What is that they say about the definition of insanity? Sorry about repeating myself, but I know i have asked this question at some point in the past.


Insanity is having the same information set with all of the same players involved working on the same problem in the same way and expecting an outcome that is somehow different from the time before. On a small scale this is what happens when we tell our kids to make their beds.


On a large scale, we have Washington and the economic crisis that we now face.

On the smaller scale, which is where we live, the debate about executive pay, executive bonuses and the naming rights of a stadium seem to usurp the debate over the bigger picture items such as TARP and the solvency of a nation.

As always the politicians will key on, and focus on, those topics that they think their constituency will focus on. The reality is that at the end of the day it is the big picture items mentioned above that had better be resolved fast.

As an update, my personal senators, congressman, Harry Reid and Nancy Pelosi have not given me any kind of response or feedback regarding my letter asking why they cannot put their own agenda behind ours for a change! Sphere: Related Content
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An Open Letter To Nancy Pelosi

Tuesday, February 3, 2009

An Open Letter To Nancy Pelosi


 Nancy Pelosi
Originally uploaded by Lindsay Beyerstein

Good morning Leader Pelosi:

I am not one of your immediate constituents in California, but in your position as Leader of the House Of Representatives you do have a hand in the process that affects me as well as the people in the rest of the country.

I wanted to share an article regarding the need for TRUE, bi-partisan give and take when it comes at least in this case to getting this spiraling economic crisis to find a bottom and provide the potential for improvement.

I tried to send this to your office, but not being a constituent I wasn't allowed to, and the email address you provided for non-constituents bounced back so I am hoping that someone that reads this knows how to get it to you.

Please read the article in this blog from yesterday, and take these thoughts for how to handle this situation in the spirit that they are given:

End the verbal platitudes, end the blame game, end the endless politicking, put the country first and your career second, stop looking for what is in it for you and instead look for what is in it for all of us, understand that what you in Washington think is a big card game is peoples lives that are at stake.

What we have here is not a number on a Gallup poll or the potential loss of position on a committee for going against what the party leaders are saying. What we have here are the stores up and down the street closing, whole industry's being crippled, kids not being able to go to college, families losing their homes and kids going hungry.

You and your constituents who I will call the other members in Congress have your health insurance, good pensions, dining room, paid staff and paid office rent as well as other perks I don't even know about.

You can take as much time and play as many political games as you have to so that you look good for the people back home.

The rest of us do not have that luxury!!!

By the way, if you happen to see Chuck Shumer, Steve Israel or Harry Reid please ask them to get back to me on the letters I sent them.

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The "Game" Of Politics Is Destroying Us

Monday, February 2, 2009

The "Game" Of Politics Is Destroying Us

This Is Serious: The Game Of Politics Is Slowly Destroying Us

http://www.memberguide.gpoaccess.gov/

I am a Republican leaning conservative and you might be the same or a Democrat or a Liberal or not really into politics at all. At the end of the day, at least when it come to our economic future, it is time to join forces and tell the politicians in Washington to cut the crap and put the country's best interests in front of their own political interest.

Party Line Voting

Now I am not in the negotiations for determining exactly needs to be done about the mess that we are in that has been in the making for more years than Bush was in office. This is not an easy problem with an easy solution as we can see by the fact that the TARP has been redefined at least three times.

We do supposedly have some of the best financial minds at our disposal to determine what we must do to fix this problem that has the potential to consume us all.

Unfortunately we then have the politicians who pretty much know very little about a large amount of things getting in the middle, getting their face time, pontificating, lecturing, porkulating (a new word meaning trying to get theirs for the peolpe back home) blaming and who are basically getting in the way of a solution being achieved that might work.

Explain to me how a party line vote works exactly. Not one person in a party disagrees with the subject and not one in the other party can agree? What are the odds of that?

It is time for our Senators and Congress men and women to cut the crap, get the gumption they said they had when we elected them, determine what they think is right or wrong and not what the party is telling them is right or wrong.

Do the best you can to fix the mess that is slowly sucking the life out of the economy and country. Stop worrying about re-election and do what you love to say you are in Washington to do: The People's Business. All the people, not just the ones in your state of legislative district.

Risk your political future for the future of the country!!!

Write your congressman or woman, write your senator, and tell them to cut the political crap and get back to yours and my business.

http://www.memberguide.gpoaccess.gov/
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Unemployment: The Equal Opportunity Plague

Wednesday, January 28, 2009

Unemployment: The Equal Opportunity Plague


 I'm confused...
Originally uploaded by apdonovan

Unemployment Runs Up and Down The Economic Spectrum

How appropriate to show an unemployment office in Manahattan, once the bastion of power for the brokerage and banking industry. With the loss of Bear Stearns and Lehman, countless forced mergers, reorganizations, layoffs and endless consolidations, New York City, along with cities around the country, faces a hit on multiple fronts.

First is the rising unemployment rate, with the current prospects for re-employment extremely difficult at a time when cost cutting and belt tightening are the steps taken before hanging a going out of business sign.

This creates a social problem up and down the economic spectrum as a feeling of hopelessness and helplessness becomes pervasive. A domino effect of bankruptcies and foreclosures then becomes a possible result. The currency of home equity is gone, and savings, if there are any become depleted.

On the city and state level, as is well documented in California, the loss of the tax base and revenue stream is dramatic. What defines essential services becomes fodder for debate as areas to cut expenses are searched for. An additional problem results from the fact that the municipal bond market has the same issues as the corporate credit markets. Difficulty raising money, and if it is possible, the cost will be high.

After what is being termed a black Monday for job cuts, more than 55,000 were announced (Washington Post) the hammer came down again on Tuesday.

As the pundits who like to use baseball analogies love to say, we are hopefully getting close to the 9th inning of this nightmare.
 
We better not go to extra innings!!!
 
The Political and Financial Markets Commentator
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Taliban Continued With An Iranian Spin

Tuesday, January 27, 2009

Taliban Continued With An Iranian Spin




Concern Over The Spread Of The Taliban

In my blog yesterday I discussed the spread of the Taliban from tribal regions to Pakistan proper, and the danger that this presents in a country whose government is fragile at best. The thinking is that with nuclear weapons under the control of some members of government who may be sympathetic to the Taliban, this is a major concern.

Some who responded to me on this questioned whether my concern for our safety from without was warranted. Where was my proof that there was any reason to be worried? As if 9/11 and the documented attacks before it were not enough, what of the desire of Iran to go nuclear? Is this a figment of our imagination? Take a look at the map and notice where it is that Iran sits. What country's does it border?

Americans have notoriously short memories, and after all 9/11 is almost 8 years removed and we have not had any repeat performances, due in large part to the actions of the Bush administration. That in no way means that we are out of the woods. Far from it.

The Obama Administration Iran Plan

In a realization of one of the fears during the campaign season, this is what it appears that the Obama administration plans to do with Iran:

"On Wednesday — less than 24 hours after his inauguration — the Obama White House Web site announced, inter alia, that they will engage in “tough and direct” diplomacy with Iran “without preconditions” and that he intends to use “the power of American diplomacy” to deal with “Iran’s illicit nuclear program, support for terrorism and threats towards Israel.” (Fox Forum).

Maybe I'm wrong, but isn't the definition of insanity doing the same thing over and over and expecting different results. Are we going to sit at a table and negotiate in good faith with Ahmadinejad? Why don't we include North Korea and Venezuela as well while we are at it. How can you negotiate with documented liars who have stated that their goal is to wipe one of the parties in the negotiation off of the face of the earth.

People can sign anything they want, but if you are fairly sure that they will not adhere to any of it, then what is the point other than a public relations victory at home.

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Gitmo, The Taliban, Nukes and You

Monday, January 26, 2009

Gitmo, The Taliban, Nukes and You


 Taliban Personified?
Originally uploaded by pav21

The Plan To Shut Gitmo Down May Run Into A Headwind While The Taliban Has Not Gone Away, Far from It

In what can only be termed as an extremely disturbing situation in Pakistan, the Taliban is becoming a stronger and stronger influence, not only in the tribal areas but now deeper into the heart of the country. In a front page article in the Sunday New York Times, this penetration and the accompanying spread of terror and brutal punishment for the "violation" of its' own interpretation of how life should be is showing no signs of abating. To the contrary it would seem to be gaining momentum.

What this means for not only the United States but for all of the world is that this spread of the Talibans power, the fear of the politicians and security forces to stand up to it as well as the uncertainty of who in government is actually sympathetic to the Taliban, all places a nuclear arsenal in unknown hands.

This is an area that the Obama administration needs to address immediately. We know that these weapons would not only be coveted, but if obtained would no doubt be attempted to be used.

A Possible Monkey Wrench In The Plans To Close Gitmo

In a story in Newsweek, a Pentagon report that is due to be declassified will reportedly show that some of the detainees that have been released from Guantanamo have gone back to their terroristic ways. If in fact this is the case, can the Obama administration take the chance that a newly released captive perpetrates an attack on us or on our allies. I don't think they can.

For the Obama administration, getting the economy back on track is critical, but let's not forget the dangers from without that have never gone away!

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The Intolerance Of The Left Exemplified! Not For Young Eyes

Saturday, January 24, 2009

The Intolerance Of The Left Exemplified!!! Not For Young Eyes!


Just Out Minding My Own Business

At different times I post my articles on various forums around the internet, some conservative and some liberal. The point of posting on liberal forums is to try and generate a dialogue with people who may share a differing opinion from mine.

That does happen at times, but at times the same people who will tell you that torture is a bad thing or Bush was intolerant and overly aggressive in his foreign policy, will take a tone that you would not believe. But actually you will believe, because I will share it with you here.

Now I know that these types of responses are NOT typical. However, in my posting and reading experience on a variety of different websites, I have noticed that the responses of conservatives that disagree with a liberal position can be much different from the response of a liberal differing with a conservative opinion (although I know intolerance certainly exists on both sides).

These two posts I made, however, were not controversial, because I expect to have heated response to topics that go to peoples most basic beliefs. These did not.

As a warning, some of the language and suggestions are not suitable for those who are easily offended. Not from me of course, but from some of our liberal friends.

These discussions occurred on Facebook in two of the groups that I belong to, John McCain for President (towards the bottom), and Left Politcs for the 21st Century.

I know that I have readers from the left and the right, most if not all of whom are reasonable people, and I think both sides will be equally surprised at the level of vitriol. It may look like a lot to read, but believe me, it will hold your interest.

In Promoting My Blog As I Ocassionaly Will Do:

I Wrote:

I have just enabled the service that allows those interested to become a follower of my blog. If you are interested, I would love to have you aboard. You can still also sign-up for free feed or email delivery of new articles.

If you have never been there, stop by and I would welcome any thoughts and comments.You can read and join at http://politicsandfinance.blogspot.com/, scroll down the right hand side.

Have a great weekend.Mike

Steve Tarrant replied to your postabout an hour ago

F..k off and stop jamming up the board with your shameless self-promotion. If you've got something to say, then say it here. Do you really think anyone from this group is going to read your bu....it blog anyway? You're wasting your time you idiot.

I wrote:

Now that is the tolerance from the left that we have become used to. Good one Steve. I am going to have more of my conservative friends stop by and see what's going on.

As is typical, instead of being able to voice your criticisms of my positions, your type of response is typical. By the way, how many posts on this discussion board do you get. You should thank me for adding some content.

Hey, you guys have a great day.Mike

Steve Tarrant replied to your post53 minutes ago

***Good one Steve. I am going to have more of my conservative friends stop by and see what's going on.***

Oh, I'm really quaking in my boots. Bring your pu..y hole conservative friends here, we'll soon see what they've got. I really mean it, bring them here, I love putting conservative idiots in their place. No doubt if they do make an appearance they will do what you normally do and drop one comment and then high-tail it when challenged.

***As is typical, instead of being able to voice your criticisms of my positions, your type of response is typical.

***I've challenged you before, you just ignore me as it's not in your interest to have open and honest debate, as that will show you up for the moron you are. And you need to realize that I am not being intolerant by refusing to read your sh...y blog, I've heard enough of your nonsense here to waste time with that. The way you completely misconstrue the meaning of intolerance is pretty typical of right wing dic...ads; the first to give offense, and the first to take offense.

You need to realize that someone is not being intolerant towards you by calling your ideas fu..in stupid, or calling you a fu..in idiot; you fu..in idiot. Now run off with your tail between your legs like a good little coward, and don't forget to tell your conservative mates to pay us a visit, hopefully they will have more to add to the conversation than your dumb arse.

I wrote:

Gotta tell you man, you must be about 3 feet tall because I see Napolean complex all over you. You sound like one tough hombre. Wouldn't want to run into you in a dark alley.Or maybe, just maybe, writing this blather is all you got.

You still have a good one man. Whatever it is that means to you.

Steve Tarrant replied to your post18 minutes ago

***Gotta tell you man, you must be about 3 feet tall because I see Napolean complex all over you. ***Oh I see, I'm not only being intolerant by asking you to say something of substance, I've also got an attitude problem. S..t you American conservatives really do have a superiority complex. If you don't like being challenged, then f..k off to one of your shi..y conservative groups where you can all talk about how intolerant the left are and how Obama is really a KGB agent in disguise.

Alternatively of course, you could say something of substance here, have an open and honest debate with me, and show me up for the Napolean I am. Or am I being intolerant by asking you to substantiate your bul...it? Fool!

The following was a response to a post I made: The Inauguration Is Over: Time To Get To Work
Bob Zyerunkel replied to your post

I love halfwits like you that don't know what their country is doing for one thing, and couldn't in a million years handle a fraction of what you are quite happy to subject others to.

There is a CIA torture manual (that I highly doubt you have heard of) most of the research was done at a Canadian University (keep it off American soil of course) and it clearly outlines the best way to emotionally and physically destroy a person. Electroshock treatment, stress positions, sleep deprivation, hypothermia, water boarding, a lot of stuff that would have your sissy a.s crying inside of 10 minutes and the Bush administration has been subjecting people to this for years. Yes, I said people. Just because you can't pronounce thier names should not void their right to basic humanity. Among those is Omar Khadr in Guantanamo.

Of course you haven't heard of him either, he is the canadian citizen that was imprisoned at the age of 15 on war crimes for killing an american soldier in battle. No developed nation in the modern world other than the US imprisons or tries child soldiers.

So for all the thinking world, congrats to your nation (with the exception of the dumbasses like you in this group) for finally electing an actual intelligent and compassionate person to the office of president.

You are like a kid that can't understand why he can't have candy for dinner. The kid just isn't mature enough to make sensible decisions for himself. So like that kid, the rest of the nation has chosen the president for you, and even though you aren't smart enough to know what is good for you, you will likely come to understand in time.

until then, tough luck sucker!

I wrote:

Hi Bob:There is another group called Politics from the Left that I think you would be happy with.
As a typical leftie your response to positions you don't agree with is to use name calling and the questioning of manhood as your tools.

When and if the time comes that we are once again subjected to an act of terrorism (God forbid. Sorry, I think in your world that word should not be used) that could potentially have been prevented by squeezing the information out of a prisoner that would love to have both of us dead, then a policy of no torture that makes you and the ACLU happy will have had its' intended result.

You seem to be very practiced at spouting history, but as a resident of New York City who knew people that died in the WTC, perhaps your thinking might be different.

Tickling of the feet is all well and good (oops, that's torture too - tickle torture), but sometimes the good of the many is worth the pain suffered by a man or a woman that we know wants to kill you and me both.

You see Bob, these people are equal opportunity killers. Lefties and righties, blacks and whites, Christians and Jews, Americans or French or pretty much anyone in the world that does not think and pray the same way that they do.Wake up and smell the coffee Bob.

Hey, from the right, you have yourself on great and safe day.Mike

Check it out and let me know what you think, but please, keep it clean.

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Caroline Kennedy: Common Sense Prevails

Friday, January 23, 2009

Caroline Kennedy: Common Sense Prevails

Caroline Kennedy Withdraws Name From The Pot For Senate Seat of Clinton

Was it a sudden realization that this was not the right job at the right time? Was it the health of her uncle as the New York Times reported? Was it a tax problem, nanny problem or marriage problem as was also reported?

To give her the benefit of the doubt, and credit for common sense, I will say that it was the former. That after the initial adrenalin rush from the thought of being the junior Senator from New York, the reality of the magnitude of the job set in. I would have to say that at this point Andrew Cuomo is the front runner for the job.

From The AP


"I believe she's made a prudent and wise decision," said Robert McClure, a political science professor at Syracuse University. "This is a person, from all accounts, of talent, dedication and character. But I saw no evidence that she was prepared for the public life that the high office of U.S. senator requires."

But don't count her out of politics.

"She's got an aura that, it seems to me, can be polished up better than most of us," he said. "She could still be a formidable political opponent."

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Would You Hire This Man To Do Your Taxes?

 
If you would like to have The Political and Financial Markets Commentator delivered to you for free each day by either feed or by email, please visit http://politicsandfinance.blogspot.com and sign-up in the upper right hand corner. 
 
A little further down on the right you can also find an archive of all past articles.
 

Thursday, January 22, 2009

Would You Hire This Man To Do Your Taxes?

Not The Poster Child For Turbo Tax

When asked if he was prompted during his computerized tax preparation to account for the taxes that he neglected to pay, Tim Geithner answered the answer that many people under oath, who could possibly know the truth but not want to tell it use: "To the best of my recollection, I don't think I was."

If only the rest of us had the same luxury that nominees to these exclusive clubs as well as the current members seem to get. Takes me back to "it depends on what your definition of is , is." We rank and file citizens do not have the same ability to use the slip and dodge and get away with it.

If you are a comedy fan you will remember the line in the movie Dodgeball, "if you can dodge a wrench, you can dodge a ball." For the most part Geithner did not even have to dodge feathers or softballs.

More than one of the members of the committee said words to the effect of being able to look past these tax mistakes because Geithner is the right man for the job (Senator Jon Kyl was an exception who asked strong questions).

Geithner himself said more than once I believe, "It is my mistake and my responsibility." Oh, OK. Never mind then.

Is He The Right Man For The Job?

President Obama, in picking Geithner to become Treasury Secretary, is "handing the post to a primary architect of the Bush administration's response to the financial crisis...".

Putting all of the tax issues aside, the actual key question is does the handling of the financial crisis, that he had such a critical hand in, and which shows little signs of abating, tell us that he is indeed the right man for the job. If he is in fact confirmed, as he no doubt will be because ethics are usually not an impediment to government service, I hope to hell that he is!


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The Inauguration Is Over, Time To Get To Work

Wednesday, January 21, 2009

The Inauguration Is History, Time To Get To Work

Market Update: As if to emphasize the urgency to get our economic problems fixed, the stock market took a sizable hit Tuesday, as Citigroup (C) traded under $3, Bank of Amercia (BAC) under $5.50 and State Street Bank (STT) was down close to 60%. The VIX, a measure of fear in the market was up over 10 points or 20%. It's definitely time for some kind of change!



 White House, Washington D.C.
Originally uploaded by hanneorla

The Festivities And The Honeymoon Are Over!

Moving, Historic, Joyous, etc.

These fawning descriptions of the inauguration of Obama from our "unbiased" news reporters are all well and good. The comparisons to where we were in terms of race relations and where we are now are great, but at this point irrelevant. Bottom line. He is now President and will be judged on one thing, and one thing only. Performance. Let's see him perform.

It is now Wednesday and the pomp and circumstance are a thing of the past. The inaugural address with all of its' flowery words and promises is in the record books. The inaugural balls and parties are done and the hangovers are being dealt with. It is now time, as they say in show business to "get this show on the road"

Let's Implement The Change And Fresh Ideas

Swept into power by promises of "change" (although his circle of advisers represents anything but. Mostly more of the same old tired Washington retreads) and "yes we can", he has precious little time to get done what needs to be done. Primarily that would be the righting of the U.S. economy and a continuation of whatever policies have kept us safe since September 11th.

The accolades and ring kissing are behind us. The starting gate has opened and the announcer has said "They're Off". Although he will be given every benefit of the doubt by the liberal leaning media, they will, as the media does, turn on him in a split second if and when he falters.

All of that said, what is it that the American public wants him to accomplish from all of the things that he promised that he would:

  • Ensure all children have health insurance 73%

  • Double production of alternative energy 70%

  • Reduce health care costs for families 70%

  • Enact major spending program on infrastructure 60%

  • Cut taxes for 95% of working families 57%

  • Withdraw most troops from Iraq within 16 months 51%

  • Increase military strength in Afghanistan 43%

  • Lift restrictions on government funded stem-cell research 42%

  • Close Guantanamo 32%

  • Make it easier for unions to organize 28%

(USA Today/Gallup poll)


It's a short honeymoon Mr. President. Let's get this show on the road.



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Eric Holder AG Hearings Part Deux

Monday, January 19, 2009

Eric Holder AG Hearings Part Deux


Grilled On Marc Rich and FALN Pardons

I talked on Friday about the Eric Holder confirmation hearings focusing on his spoken definition of torture. My hope is that in the back rooms of Washington, out of the cameras eye where most of the real decisions are made, when push comes to shove and innocent American lives, or innocent lives around the world may be at stake, the actual decision will be different. That actions necessary to obtain critical information will be taken.

Other Issues Faced

As the last sentence of my blog Friday morning I said that there were other issues that would be faced by Holder that could affect his ability to be confirmed. Namely these were the pardons of convicted felon, fugitive and Clinton donor Marc Rich as well as members of the terrorist group FALN in jail for murder. His testimony on Friday that mistakes were made, and that he will be a better Attorney General because of those mistakes, does not give me a warm and fuzzy feeling. Is he political, or is he going to be the chief law enforcement official in the country?

I don't typically include long excerpts but these are very interesting. Stay tuned.

Re: Marc Rich (Source: AmericaNow.org)

SEN. PATRICK LEAHY: Some senators, following—including commentators like Karl Rove, have spoken extensively about your role in the pardon of fugitive Marc Rich at the end of President Clinton’s second term. How do you respond to those who say the Marc Rich pardon shows you do not have the character to be an independent attorney general? What did you learn from that experience?
ERIC HOLDER: Well, as I indicated in my opening statement, I made mistakes. That was and remains the most intense, most searing experience I’ve ever had as a lawyer. There were questions raised about me that I was not used to hearing. I’ve learned from that experience. I think that, as perverse as this might sound, I will be a better attorney general, should I be confirmed, having had the Marc Rich experience.
SEN. ARLEN SPECTER: Given the background of this man, it’s hard to brush it off, it seems to me, as a mistake. The guy had a reprehensible record. The guy was a fugitive. The indicators are—a House finding—that you were very heavily involved, and yet, you testified you were only casually involved. Question of candor on that comment. And then you had a president who obviously wanted to grant a pardon.
ERIC HOLDER: Well, I don’t mean to minimize what I did by calling it a mistake or mistakes. In fact, I take what I did seriously, and I’ve expressed regret for what I did consistently.

Re: FALN (Source: AmericaNow.org)

SEN. JEFF SESSIONS: You did indicate you thought the President’s decision on the FALN was reasonable. And I was United States attorney for twelve years, assistant United States attorney for two-and-a-half, attorney general for two. In my opinion, it’s not reasonable. It is not close. I mean, that’s all I can tell you. And I don’t believe it was a close question, and it worries me that you say that was a reasonable decision.
ERIC HOLDER: I looked at the situation, took into account the fact that these people were not directly involved in incidents that led to death or injuries.
SEN. JEFF SESSIONS: Osama bin Laden and Khalid Sheikh Mohammed weren’t directly involved in the murders; there were conspirators to that. And they probably and morally are more accountable, in my view, and equally accountable as those who actually carried out the attacks in the United States, wouldn’t you agree?
ERIC HOLDER: I would. But the FALN people are not in the same category as Khalid Sheikh Mohammed or bin Laden, in that they were not the heads of the organization. That is not my understanding of the people who were with the—the pardons were granted. Again, I want to emphasize, these people were criminals. They were terrorists. I was not giving them a pass; they served substantial amounts of time. And I don’t want anybody—
SEN. JEFF SESSIONS: You recommended against the law enforcement people that they not serve the full time they were sentenced, and they wouldn’t even file papers—I don’t think any of them actually even asked for a pardon.

Postscript: A Senate Judiciary Committee vote could come by Wednesday, and if it is to recommend his confirmation a full Senate vote could come by Friday. My guess is he will be confirmed.

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Chris Matthews Has It All Figured Out: Just Ask Him

From The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com
 

Saturday, January 17, 2009

Chris Matthews Has It All Figured Out: So He Says

Chris Matthews And His Analysis Of The Bush Years




I can't honestly say that I ever watch Chris Matthews on his show or anywhere else, one because I disagree with the majority of things he says, and two because his voice is like fingers across a blackboard. Shallow reason I know, but what can I say. The clip above is his analysis of the Bush Presidency and Bush as a man in an interview with Keith Olbermann after the Bush farewell speech.

In this clip Matthews questions Bush's intellegence, leadership and integrity, as well as most every aspect of his foreign policy decision making. He paints Bush as an empty suit being led by the nose by the neo-cons he has chosen to surround himself with. There is no question, as Bush himself has admitted, that some mistakes were made in both foreign policy as well as domestically, but what leader does not make mistakes. Matthews, as the consumate Monday morning quarterback has the luxury to second guess. A leader does not have that same luxury.

The Status Quo Policy

The argument, however, that the original status quo in the Middle East Bush inherited when he entered office would be preferable to any kind of change is absurd. Yes, as Matthews states, change needs to start with the rank and file at street level and not with the leaders that we sit with at the table. But policy for peace or at least cease fire will not stick, until we can root out the radical leaders at the street level who have been manipulating the hearts and minds of the youth long beore Bush ever took office. And who will continue to do so.

George Bush did not create the hatred towards the west, as much as the left would like to say that he did. That hatred has existed for a long, long time. The problem now is that the tools of destruction they have at their disposal have gotten more sophisticated and more dangerous. A policy of leaving them to their own devices, a live and let live strategy is not feasible, if only for the fact that the radical side of the equation wants us dead. They wanted us dead during the Clinton years as well as during the Bush years, and unfortunately the same will hold true during the Obama years.

Chris Matthews ideas, although he does not actually offer any, would most likely be some type of policy of appeasement. A way of getting the lower level leaders who actually dictate the policy to agree to some kind of truce with both Israel and the west. If that were to happen, you know what you could do with the paper that it was signed on.

The world is a changed place, and this did not start on George Bush's watch if we remember the bombings of the emabassy's in Africa, the USS Cole and the first attack on the World Trade Center to name just a few.

The policy that had been chosen by a man who I am sure Matthews admires greatly, former President Clinton (whose wife will now be Secretary of State) was to basically do nothing in response to acts of terror. Lob in a few missiles and deal with his many personal domestic problems. As September 11, 2001 shows us, that policy was not a great one either.

Say what you will about Bush, he is a man of honor and a man of conviction who made mistakes as any leader will. But he led with his heart, not by the polls.

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