Tag Archive: Porkulus Demoncatus


TR:  Have the Sheeple been so sodomized by the ravaging Porkulus Demoncatus that they are going to fall for this?  Folks, they’re now ‘strapping-on’ boosters which are rocketing us straight into Socialism.  Are we so dumb as to let Big Daddy and Frank’n’Beans Barney exercise some despotic authority to take over any company, set its salaries, and run it straight into the ground, IF they accept $1 in aid or subsidy from this beast?  Really?  Please, THINK ABOUT THIS PHONY OUTRAGE BIG DADDY HAS SUCKED YOU INTO – and the power you are about to relinquish to never be seen again!!  From what part, exactly, of the U.S. Constitution is this power-grab authorized?  That’s right – from nowhere!   Prepare to bend over for Big Daddy..

By Byron York

Behold, Happiness.

Behold, Happiness.

It was nearly two weeks ago that the House of Representatives, acting in a near-frenzy after the disclosure of bonuses paid to executives of AIG, passed a bill that would impose a 90 percent retroactive tax on those bonuses. Despite the overwhelming 328-93 vote, support for the measure began to collapse almost immediately. Within days, the Obama White House backed away from it, as did the Senate Democratic leadership. The bill stalled, and the populist storm that spawned it seemed to pass.

But now, in a little-noticed move, the House Financial Services Committee, led by chairman Barney Frank, has approved a measure that would, in some key ways, go beyond the most draconian features of the original AIG bill. The new legislation, the “Pay for Performance Act of 2009,” would impose government controls on the pay of all employees — not just top executives — of companies that have received a capital investment from the U.S. government. It would, like the tax measure, be retroactive, changing the terms of compensation agreements already in place. And it would give Treasury Secretary Timothy Geithner extraordinary power to determine the pay of thousands of employees of American companies.

The purpose of the legislation is to “prohibit unreasonable and excessive compensation and compensation not based on performance standards,” according to the bill’s language. That includes regular pay, bonuses — everything — paid to employees of companies in whom the government has a capital stake, including those that have received funds through the Troubled Assets Relief Program, or TARP, as well as Fannie Mae and Freddie Mac.

The measure is not limited just to those firms that received the largest sums of money, or just to the top 25 or 50 executives of those companies. It applies to all employees of all companies involved, for as long as the government is invested. And it would not only apply going forward, but also retroactively to existing contracts and pay arrangements of institutions that have already received funds.

In addition, the bill gives Geithner the authority to decide what pay is “unreasonable” or “excessive.” And it directs the Treasury Department to come up with a method to evaluate “the performance of the individual executive or employee to whom the payment relates.”

The bill passed the Financial Services Committee last week, 38 to 22, on a nearly party-line vote. (All Democrats voted for it, and all Republicans, with the exception of Reps. Ed Royce of California and Walter Jones of North Carolina, voted against it.)

Banking Queen - starring Barney Frank!

Banking Queen - starring Barney Frank!

The legislation is expected to come before the full House for a vote this week, and, just like the AIG bill, its scope and retroactivity trouble a number of Republicans. “It’s just a bad reaction to what has been going on with AIG,” Rep. Scott Garrett of New Jersey, a committee member, told me. Garrett is particularly concerned with the new powers that would be given to the Treasury Secretary, who just last week proposed giving the government extensive new regulatory authority. “This is a growing concern, that the powers of the Treasury in this area, along with what Geithner was looking for last week, are mind boggling,” Garrett said.

Rep. Alan Grayson, the Florida Democrat who wrote the bill, told me its basic message is “you should not get rich off public money, and you should not get rich off of abject failure.” Grayson expects the bill to pass the House, and as we talked, he framed the issue in a way to suggest that virtuous lawmakers will vote for it, while corrupt lawmakers will vote against it.

“This bill will show which Republicans are so much on the take from the financial services industry that they’re willing to actually bless compensation that has no bearing on performance and is excessive and unreasonable,” Grayson said. “We’ll find out who are the people who understand that the public’s money needs to be protected, and who are the people who simply want to suck up to their patrons on Wall Street.”

After the AIG bonus tax bill was passed, some members of the House privately expressed regret for having supported it and were quietly relieved when the White House and Senate leadership sent it to an unceremonious death. But populist rage did not die with it, and now the House is preparing to do it all again.

TR:  But, that’s not all folks, they’re working hard to extend this goodness to ALL companies – From a recent article in Financial Week:

Congress will consider legislation to extend some of the curbs on executive pay that now apply only to those banks receiving federal assistance, House Financial Services Committee Chairman Barney Frank said.

“There’s deeply rooted anger on the part of the average American,” the Massachusetts Democrat said at a Washington news conference today.

He said the compensation restrictions would apply to all financial institutions and might be extended to include all U.S. companies.

Rorschach Test.

Rorschach Test.

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Bailouts and Bullshit

By John Stossel, ABC

C’mon, just this little mint – it’s wafer-thin… (pronounced:  waffah-theen)

You’d better get a bucket..

By –Michael Reagan

It is not true that grown men don’t cry. I’m grown and I’m on the verge of tears. The Republic I have loved all my life is being is being murdered, and the crime is an inside job.

 

Michael Reagan

Michael Reagan

If you hear a whirring sound in the background, it is my dad Ronald Reagan, who loved and served this nation, spinning in his grave as his latest successor plunges a carving knife into America’s vital organs.
In his wildest dreams, Ronald Reagan never thought that a president of a United States, now in the throes of a serious economic crisis, would adopt a solution to the problems of our economy that would not only worsen the situation but also set in motion the beginning of a transition of the government of the United States from a constitutional republic into a coercive quasi-Marxist regime where Washington is the master of our people instead of their servant.
Let it be said loud and clear: Barack Obama’s so-called stimulus bill, feverishly embraced by his sticky-fingered Democratic minions in the House and Senate (and three craven Republican senators), will not do a single thing to revive our ailing economy. Nothing.
Instead, it will put Washington’s grasping hands into every nook and cranny of America’s economic and social life, and bankrupt an already penurious nation for generations to come.
Think about it: nearly a trillion dollars to be squandered on a host of pork-laden projects, payoffs to pet leftist groups and causes grasping for their share of the booty, and a few bucks to create jobs, mostly in the public sector.
A trillion dollars we don’t have and will need to borrow from our grandchildren and their offspring. A trillion dollars created out of thin air that will drastically reduce the value of the dollars in our pockets in an orgy of runaway inflation.
It wasn’t all that long ago that spending a billion dollars on government projects and programs was viewed with alarm. As the late Sen. Everett Dirksen once said, “A billion here, and a billion there, and pretty soon you’re talking about real money.”
A trillion dollars is $1,000 billion, a sum that the imagination cannot comprehend.
If you could have spent a million dollars every day since Christ was born, you would not even come close to having spent a trillion dollars, yet Mr. Obama and his wastrel Democratic stooges on Capitol Hill have no qualms about spending that amount – and more – on programs that will do nothing to alleviate the current economic crisis, and in many ways worsen it.

 

Is it Dawn, or Sunset?

Is it Dawn, or Sunset?

Have we forgotten what Thomas Jefferson warned us when in 1791? He said, “To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we (will then) be taxed in our meat and our drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people under the pretense of caring for them, they (will) be happy.”
Jefferson would have refused to believe that a free people would allow their government to saddle them and their children and grandchildren with a debt so enormous they could not even begin to comprehend.
Nor would he have even dreamed of the government’s wasting money on projects noted by former Georgia Rep. Bob Barr, such as a billion dollars to subsidize money-losing Amtrak, $20 billion to expand the already-bloated food stamp program, about $2 billion diverted from the wallets of hard-working Americans to subsidize child care, and $2.8 billion to fund advocacy programs studying the global-warming hoax.
There’s another $600 million for newer cars for government bureaucrats, $44 million to refurbish the Department of Agriculture, $50 million for the National Endowment for the Arts, $150 million to spruce up the Smithsonian buildings, and more than $400 million to promote anti-smoking programs and programs to fight sexually transmitted diseases.
That’s what future generations of Americans will be paying for. I’m sure they’ll thank us.

 

Excrement, Gilded

Exhibit A: Excrement, Gilded

Dear Reader,

This is a must read article, and I don’t want you to miss it so please click:

 Stimulus: Trillion$ from Heaven, or Viagra in Reverse

Please leave your comments on the new blog.  Thank you for your patience while I transition to my new No Compromise blog

Kindest regards,

~No Compromise

Pork-Zilla Hunt

Pork-Zilla Hunt

TR

Hey, I have an idea – How about members of Congress actually read and debate the bill in its entirety BEFORE VOTING on it for a Change.  We can only Hope.

Write to your Rep. here  and write your Senator here.  I also suggest you fax them as a good many of these Congress Critters are round-filing the emails. For cheap faxing go here.

 

Jaawn Karreeey’s Arrogance

NC SEZ:  JOHN KERRY:  YOU ARE AN ARROGANT BASTARD, AND I FOR ONE,  CAN’T WAIT TO SEE YOUR LAST DAY ON PLANET EARTH!

TR:  How are we ever going to reconcile  these two colliding world views?  Secession.

Will Obanomics ‘Fix’ our Economy?

By –ThoughtRogue

Peter Schiff, President of Euro Pacific Capital, absolutely nails what’s gone wrong with our economy and does not sugar-coat the effect that Pork-Zilla will have on your future standard of living.  Schiff is one of the very few who has been presciently ringing the alarm bell for years now, while he has accurately predicted the mess we now find ourselves in – well on our way to the next Depression.

Click the Image to Watch Peter Schiff explain:

Obanomics Explained

Obanomics Explained

By –Charles Krauthammer

“A failure to act, and act now, will turn crisis into a catastrophe.”

— President Obama, Feb. 4.

Catastrophe, mind you. So much for the president who in his inaugural address two weeks earlier declared “we have chosen hope over fear.” Until, that is, you need fear to pass a bill.

Flew Too High - Fallen!

Flew Too High - Fallen!

And so much for the promise to banish the money changers and influence peddlers from the temple. An ostentatious executive order banning lobbyists was immediately followed by the nomination of at least a dozen current or former lobbyists to high position. Followed by a Treasury secretary who allegedly couldn’t understand the payroll tax provisions in his 1040. Followed by Tom Daschle, who had to fall on his sword according to the new Washington rule that no Cabinet can have more than one tax delinquent.

The Daschle affair was more serious because his offense involved more than taxes. As Michael Kinsley once observed, in Washington the real scandal isn’t what’s illegal, but what’s legal. Not paying taxes is one thing. But what made this case intolerable was the perfectly legal dealings that amassed Daschle $5.2 million in just two years.

He’d been getting $1 million per year from a law firm. But he’s not a lawyer, nor a registered lobbyist. You don’t get paid this kind of money to instruct partners on the Senate markup process. You get it for picking up the phone and peddling influence.

Hopenchange Hoax Revealed

Hopenchange Hoax Revealed

At least Tim Geithner, the tax-challenged Treasury secretary, had been working for years as a humble international civil servant earning non-stratospheric wages. Daschle, who had made another cool million a year (plus chauffeur and Caddy) for unspecified services to a pal’s private equity firm, represented everything Obama said he’d come to Washington to upend.

And yet more damaging to Obama’s image than all the hypocrisies in the appointment process is his signature bill: the stimulus package. He inexplicably delegated the writing to Nancy Pelosi and the barons of the House. The product, which inevitably carries Obama’s name, was not just bad, not just flawed, but a legislative abomination.

It’s not just pages and pages of special-interest tax breaks, giveaways and protections, one of which would set off a ruinous Smoot-Hawley trade war. It’s not just the waste, such as the $88.6 million for new construction for Milwaukee Public Schools, which, reports the Milwaukee Journal Sentinel, have shrinking enrollment, 15 vacant schools and, quite logically, no plans for new construction.

Continue reading

TR:  Hey!  What happened to that free, complimentary book-light!