Talk about the law of unintended consequences. Chuck Schumer, Harry Reid and Barney Frank are outraged over the $165 million in bonuses paid to the executives at AIG. They and other in Congress are pushing for new legislation that will single-out the AIG execs to get the money back. According to some, that’s a bad idea:
AIG Bonus Tax – Does Anybody Else See Problems Here
It is all over the headlines about various Democrats in Congress strutting about threatening to take back the AIG Bonus money through passing special taxes. I guess it is no surprise that the media is not raising any red flags on this issue. I have a few points I want to raise here about why this action frightens me. First and foremost is the | Read More »
Sen. Chuck Schumer (D-NY) must now repair jobs-destroying mistake.
You know, like you did here: …because you just realized that they actually do care when it comes to keeping their existing jobs, huh?
Stimulus Not Even Signed and Dem’s Start Backing Off Jobs Claim
On “This Week” with George Stephanopolous, Senator Chuck Schumer (D-NY) made a very carefully nuanced statement about the anticipated impact of the stimulus package on jobs. He said the bill will “create or maintain three to four million jobs.” And so the backtracking officially begins. According to Schumer, the so called stimulus bill needn’t now create any “new” jobs. All it now needs to do | Read More »
Schumer on Gillibrand: “Her views will evolve”
Newly minted New York Senator Kirsten Gillibrand may have some pressure coming her way from Senate Democrats: One of the funny sidelights of the Gillibrand appointment in New York has been the straightforward expectation from senior Democrats that she will promptly shed the conservative positions she adopted for her conservative congressional district. “Her views will evolve,” Chuck Schumer offered, bluntly, as she stood next to | Read More »
Turkey revelry in Washington: U.S. legislators give thanks
Most of us will say abundant gratitudes on Thursday for family, friends and a roof over our heads, but our elected officials in Washington have some rather unique blessings to offer thanks for. Take Rep. Charlie Rangel (D-N.Y.) Rangel will probably say something like, ‘I’m grateful I’m not going to jail like Wesley Snipes for screwing up my own taxes. Or for helping a major | Read More »
Accountability & Viability
On Fox Business Channel this afternoon, democrat “leaders” from both houses of congress crowded around a microphone to talk about “viability & accountability” regarding the auto industry crisis. The “leaders” said that no welfare would be given to Detroit’s Big Three until hey provided a detailed plan that paved a road to solvency.
Barack Obama’s Real Opposition
The Wall Street Journal throws a dash of cold water on the celebrations of The One, and gives him a stark reminder of the real threats to his campaign promises and his re-election in 2008: David Obey. The Appropriations Chairman wants to slash defense spending as a money grab for more social programs and entitlements. Fellow spender Barney Frank recently added that a military budget | Read More »
Tags: Barack Obama
, Bill Clinton
The Left Vows Big Changes on “Issue After Issue” in the Next Congress
This statement alone should scare every American voter who doesn’t see him/her self as a socialist! It’s no secrete, liberals in Congress have been salivating at the chance to make broad sweeping changes to America on a number of issues most of which are designed to separate you from your money and shut down free speech! Lately, Democrats feeling overly optimistic at the chance of | Read More »
A Tax and “Spin” Policy
It is remarkable that the Dems, who are deeply buried at the root of the housing market/mortgage fiasco, take the high-ground on the economy and taxes. Since 1977, the Democrat administrations, Carter and Slick-Willy, have supported (forced) legislation that required financial institutions (that’s “bank” for you libs out there) to provide loans to borrowers who would not qualify under even the most lenient of standards. | Read More »
Dems Use Words as Weapons
On Wednesday, October 1, Democrat Senate majority leader Harry Reid of Nevada publicly said the following: “We don’t have a lot of leeway on time. One of the individuals in the caucus today talked about a major insurance company. A major insurance company — one with a name that everyone knows that’s on the verge of going bankrupt. That’s what this is all about,” Reid | Read More »
Obama and Schumer’s Sugar Daddy Pockets $20 Million Off WaMu Collapse
One of Barack Obama’s and Charles Schumer’s political moneybag donors dating from very early in both of their U.S. Senate careers stands to make close to $20 million for 17 days on the job for presiding over the largest bank failure in U.S. history. That’s nearly $20 MILLION DOLLARS for 17 days on the job. He basically signed the papers delivering the company into government | Read More »
California Decides To Investigate Schumer – FINALLY!
Reuters is reporting that California Attorney General Jerry Brown has received a letter from former employees of IndyMac requesting a investigation into the letter Charles Schumer released to the press expressing concern over the liquidity of IndyMac. That letter began an 11 day run on withdrawals from panicked IndyMac depositors that sent the bank into a tailspin and eventual failure. The employees are claiming that | Read More »