Friday, April 3, 2009

AIG Bonus Scandal akin to March weather: In Like a Lion; Out Like a Lamb

Congress has dropped their efforts to extort, intimidate, and confiscate AIG employees rightful bonuses. Quietly their bill to unleash the IRS on them to confiscate their property faded away. What will not fade away with me or other Americans of like mind is the cavalier and callous disregard for our Constitution, laws, and the basic notion of fairness that our nation and society have always stood for. This for me was the most troubling aspect of this chapter of the liberals political theater.

Most of the AIG employees have already returned the bonuses though rightfully earned and owed them. What a decision it must have been to return these funds after many worked for their $1.00 a year salary with these contractually promised bonuses comprising their real and full annual income. Yet, what choice would they have but to return the money under the heavy weight of Government intimidation, personal and physical threats to themselves and their families as bus loads of ACORN and Code Pink protesters descend upon their lawns to protest and whoop it up for the media terrifying their families and children. Under the duress and tyranny orchestrated by this coalition of government, White House and their social activist groups and media sympaticos these Americans from AIG gave up the incomes necessary to provide for their families. Their privacy and security were violated and assaulted by the likes of Attorney General Cuomo of NY and this idiotic Attorney General of Connecticut Blumenthal. These criminals made good upon their threats to name AIG bonus recipients and to release their personal information including the amount of the bonus, and their addresses.

(Watch Glenn Beck club this moron Blumenthal like a baby seal)



Congress and these AG's knew these laws were wrong, not even remotely constitutional, and they damn well knew they had no right to do what they did. There were no laws or violations to enforce. AIG and anyone associated with it were just too juicy and tempting a political target of political opportunity to resist, doubly so if the masses thought they were rich too. Everyone got swept up in the mentality of the mob in their quest for populist validation and credentials.

For the AIG bonus earners it must have been just like the mob coming for them in an old Western movie. Enraged Townsfolk march in the dark night under the light of torches to the jail house steps to administer their angry justice right now! In whatever way they saw fit. However unlike the Old Western movies this is ObamAmerika 2009.

There is no John Wayne or Ronald Reagan blocking the mob in front of the door with their hands gripping their Ivory handled revolvers while they are admonishing and setting the mob and it's leaders straight about law and order, duty, and doing the right thing. No, instead we had Obama, Pelosi, Reid, Cuomo, Dodd, Grassley, Frank, and all the other mental midgets simply greet the mob, hug the ringleaders and hand over the keys to the cells. Before they do though, they check to see if the mob needed any refreshments or a meal before they got busy on the AIG bonus earners inside. The only thing not fair in comparison to this metaphor is that in the Old Western movie the guy inside probably was a back-shooter, horse thief, or a bank robber deserving of harsh punishment, but not the mobs justice. In the case of the AIG employees, they did nothing wrong, they broke no laws.

To these mental midgets not having a law broken is a minor inconvenience. We'll just make up a law to punish them with for a law they never broke and to confiscate their livelihood. Their crime? They just did a job that they were asked and contracted to do. Many worked for the customary $1.00 a year in salary and the bonus that followed would complete their compensation under their contract. For that, they get people camped out on their front lawn, scaring the hell out of their children, and endure the full weight, wrath, and power of government, media, and the IRS on their heads.

Shame on America. Shame on these lynch mob mentality politicians (Democrats and Republicans) that swore they would uphold the Constitution and the laws of the United States of America. I am so saddened and sickened by this whole debacle because I never thought I would see America where she finds herself today. The blame for this lies squarely upon Barack Hussein Obama.

Obama should have and could have been a leader in stopping the lynch mob at the jail house. He should have assumed the role of John Wayne or Ronald Reagan in this Western of "The Showdown at AIG Corral" but Obama is no John Wayne and he sure as hell is no Ronald Reagan. Obama as an agent of Change? I think not, we just have a master at implementing the age-old liberal play book of pandering, class-warfare, and politics as usual. Obama and his Coalition of the Clueless got their "pound of rich people flesh" and fueled the flames of the lynch mob by inciting the class warfare and public outrage cards like dems and libs have for eons.

These actions did provide a useful distraction and diversion for getting a record budget buster bill through and past Americans that is destined to bankrupt 2 or 3 future generations not to mention also providing cover for a Trillion dollars of surreptitiously transfered Debt from our Treasury to the Federal Reserve when the bonus furor first errupted.

Obama's politics of thuggery and intimidation were further on display this past week in the White House. First he fired GM's Chariman and CEO Richard Waggoner. 'I want you gone, now go.' That was it. Then the same day details have come to light of Obama's meeting with the top CEO's and Executives of our nations largest financial institutions last Friday at the White House. Obama wanted to hear nothing of their concerns about how they have been scapegoated, vilified and condemned by numerous Government officials and lawmakers including Obama himself; for the sake of cheap political theater and populist zeal at their and their institutions expense. No, Obama was having none of this, in fact after lecturing them about the finer aspects of his knack for knowing what the public wants to hear or not hear he threw a threat right in the middle of that 12 foot long Mahogany table they were gathered around. It might as well have been with the same subtlety as a freshly sawed Horse head snuck into bed with Corleone's biggest nemesis. The words carried a similar understanding. He could also have the same impact by tossing GM's Chairman Waggoner's freshly sawed head on the table as Obama told them: “My administration is the only thing between you and the pitchforks.”

And there you have it. ObamAmerika in 2009, just 2 months into his term. We are today on the cusp of Obama and Congress passing a nearly 5 Trillion dollar budget bill, a bill that will put our National Debt and deficit at 12.5 TRILLION, by 2019. That means that every household in America in 2019 will have an additional debt obligation of $68,000.00 more per household of National Debt. Every household in America will owe a staggering $80,000+ of the nations debt when we hit 2019.

It's been just over 2 months of this "Change" from America to ObamAmerika. I hope Americans come to their senses and help we Conservatives put a stop to this abuse of power, abuse of America and abuse to our Constitution.

Michael R. Bednarz



google015480951ea39027.html

Saturday, March 28, 2009

Obama Budget Bill explodes our National Debt


Click the image to enlarge

We keep hearing these heretofore unheard of numbers getting thrown around now for the past two months of the Obama Presidency. It is almost becoming passe' for the Democrats, just a Trillion here, a Trillion there.
We heard Obama on numerous occasions in the past few weeks tout how his budget and plan would "cut the deficit to $500 Billion" by the end of his first term. It just isn't possible. This chart clearly illustrates this fact, and it uses Obama's own OMB (Office of Management and Budget) figures. The CBO (Congressional Budget Office) just announced last week that Obama's OMB figures (the ones used below) are really Two Trillion too low, based upon the CBO's much more realistic calculations of growth and recovery than those used by the Obama administration. In 10 years by the final out year of the Obama Budget, our Federal Debt would be 80% of our Gross Domestic Product. That is unsustainable and impossible for any kind of economic growth or standard of living we are accustomed to or that we can exist under. 80% of Debt to GDP ratio is a 3rd World Nation or Banana Republic type of ratio. Another worrisome fact is what isn't included or mentioned in these deficits; that would be our entitlement programs; Social Security and Medicare. These aren't included in these figures and we know that they will be insolvent and draining the Treasury unless action is taken between now and the next 5 years or so to solve the huge increase in expenditures when the large body of Baby Boomer's start drawing down benefits. If like me, you are concerned about this spending.The Federal Reserves reckless and devaluating policies of printing currency and jeopardizing the value of our dollar and monetary system, and the ramifications of these policies not just for us but also for our future generations, please contact your Congressional Representative and Senators and tell them to STOP THE SPENDING. STOP THIS BUDGET BUSTER BILL. Go to this link http://www.congress.org/congressorg/home/ and in the MY ELECTED OFFICIALS BOX is a place to put in your zip code and that will get you where you need to get for contacting your Congressperson, and Senators.

I would like to close with a press release by Nancy Pelosi in August, 2003 on Budget Deficits.

Pelosi Statement on New CBO Budget Estimate (from her own Congressional Website)

http://www.house.gov/pelosi/workincongress/statements/August03/CBObudget082503.html

August 26, 2003

Washington, D.C. -- House Democratic Leader Nancy Pelosi released the following statement today on the Congressional Budget Office's new budget forecast, which estimates record budget deficits of $401 billion for 2003 and $480 billion for 2004:

"Today's estimate from the CBO is yet another reminder of just how appalling President Bush's economic record is. The President's holiday from fiscal responsibility has given our country a parade of abysmal economic statistics.

"President Bush has presided over a loss of more than 3 million jobs and a $9 trillion decline in our nation's fiscal health -- from the $5.6 trillion surplus he inherited from President Clinton to a $3.5 trillion and growing deficit today. The deficits that the CBO predicts for the next two years are the largest in history, and the forecast makes clear that they are not going away.

"Where does it end? The President does not have a plan to bring the budget back into balance. He continues to promote tax cuts for the wealthy that we cannot afford, sticking our children with the bill. Every penny he adds to the debt, our children will have to repay with interest.

"Today's CBO estimate would be shocking if it were not so predictable from this Administration."


Nancy Pelosi was mostly right then. She makes the Democrat often repeated falsehood of citing a non-existent Clinton Budget surplus as though this projected surplus of the out years in Clinton's budget like it was sitting in the Treasury. It never existed because that projection never forecast what the nation suffered with the Dot.Com collapse in 2000 thereby wiping out 3 Trillion in wealth. Bush, like Obama also inherited a recession and budget/spending outlays of a predecessor to contend with. He accepted the responsibility and led. Then came 9/11. How quickly we forget the layoffs and economic upheaval of every sector of our economy? People stopped traveling, buying cars, and business responded with huge layoffs and cutbacks. Bush found himself engaged in a Worldwide War on Terror with an enemy that had challenged us on our own soil in a way we had never experienced in our History.
Yes, he spent to engage the enemy, whenever and wherever necessary. He spent to bolster our safety and security right here at home.

In many respects with 9/11 and the horror of that attack freshly seared into America's psyche and the uncertainty of what else would come after it, Bush had greater challenges to face than Obama.

The difference was how he solved the challenges and bombshells dropped on his economy. He slashed the tax rates for every American across the board. And he unleashed the Economic engine of our Private sector, Corporations, Small Businesses and Entrepreneurs. He unshackled the indomitable spirit of Americans to do what they always have done, rise to a challenge. And it worked. He added millions of new jobs, and saved millions more. His policies generated terrific revenue increases and personal/governmental wealth generation and economic growth.

Bush fell down when it came to spending restraint. He failed to cut or hold non-war/security related spending in line. In that respect he failed miserably against the fiscal Conservatism that his party and Conservatives have always stood for. His Congress controlled by Republicans were no better putting budgets laden with pork and earmarks before his pen. But even on Bush's worst day, he will never be as good as Obama, Pelosi, Reid and Geithner when it comes to spending. In just two months of this Coalition of the Clueless, led by Obama, they have put more spending and deficits on the books on the way to the tune of 12.5 Trillion than George W. Bush did in his entire 8 years of his Presidency. Bush was in full- blown War mode footing at the time.

Yet today the budget deficits and spending Pelosi criticized when not Speaker, are now all of the sudden okay? They are O.K. evidently only if they are TRIPLE or QUADRUPLE what Bush had done? Pelosi ignores truth now for her political agendas expediency because she is intoxicated with power. Her statement above shows what a liar she and her party have become. They have one goal in mind to achieve and it is obvious they intend to do so at any and all costs; to make Government the central authority and provider in American lives. Socialization of our Economic, Business,Governmental, Social, Health, Energy, Environmental and Entitlement arenas are their ultimate goal of attainment. They are well on their way to stripping us of our liberty with a tyranny of lunacy unless Americans wake up and stop it cold.

Michael R. Bednarz



google015480951ea39027.html