Tag Archive: Socialist Nirvana


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.

Beyond the Bogus Bonus Smokescreen

By Michelle Malkin

Nancy "Stretch" Pelosi

Nancy "Stretch" Pelosi

“We will hunt you down!” thundered Colorado Democrat Rep. Jared Polis during the AIG bonus demagogue-a-thon on the House floor Thursday. “If they’re not going to give [the bonuses] back, we’re going to take them back!” growled Alabama Dem. Artur Davis, who vowed to recover the taxpayers’ “ill-gotten gains” from rogue corporate executives. House Republicans pressed the Democrats on who knew what and when regarding the AIG bonus protections included in Connecticut Sen. Chris Dodd’s now-infamous amendment to the stimulus bill. Rep. Barney Frank shrieked about the Bush administration’s culpability. House Speaker Nancy Pelosi smugly patted Democrats on the back for “protecting the national interest.”

I ask you now to turn away from the bogus bonus smokescreen over $165 million in taxpayer-backed compensation packages for AIG employees. It is a pittance compared to the gargantuan spending spree happening right under our noses. The AIG bonus price tag amounts to one-tenth of one percent of the total AIG giveaway ($85 billion in September, $37.8 billion in October; $40 billion in November; $30 billion in early March, which took place with the assent of a Republican administration, a Democrat administration, and the congressional leadership of both parties.

Taxpayers might be less skeptical of the born-again guardians of fiscal responsibility if these evangelists were actually practicing what they preached. While the Obama administration now issues impassioned calls to stop rewarding failure, they moved Thursday to dump another $5 billion into the failing auto industry. That’s on top of the Thursday announcement by the Federal Reserve to print up $1 trillion to buy up Treasury bonds and mortgage securities sold by the government – that no one else wants to buy.

It's For My Own Goodness

It's For My Own Goodness

Financial blogger Barry Ritholtz tallied up $8.5 trillion in bailout costs by December 2008 between the Federal Reserve, FDIC, Treasury, and Federal Housing Administration rescues (not including the $5.2 trillion in Fannie/Freddie portfolios that the US taxpayer is now also explicitly responsible for.) Then there’s the (at least) $50 billion proposed by Treasury Secretary Tim Geithner in February to bail out home owners and lenders who made bad home loan decisions, which would be just a small sliver of the $2.5 trillion he wants to spend on the next big banking bailout, which would draw on the second $350 billion of the TARP package over which an increasing number of Chicken Little lawmakers are having buyer’s remorse.

Phew. We’re not done yet. Also on Thursday: As AIG-bashing lawmakers inveighed against wasted taxpayer funds and lamented the lack of accountability and rush to judgment that led to passage of the porkulus bill that mysteriously protected the bonuses, the Senate quietly passed a $10 billion lands bill stuffed with earmarks and immunized from amendments. GOP Sen. Tom Coburn, fiscal conservative loner, pointed out that none of the provisions for special-interest pork projects – including $3.5 million in spending for a birthday bash celebrating the city of St. Augustine, Florida – were subject to public hearings. That’s on top of the pork-stuffed $410 billion spending bill passed two weeks ago.

Oh, and did I mention that the House passed a $6 billion volunteerism bill (the “GIVE Act”) on Wednesday to provide yet another pipeline to left-wing advocacy groups under the guise of encouraging national service? Also coming down the pike: The Obama administration’s “cap-and-trade” global warming plan, which Hill staffers learned this week could cost close to $2 trillion (nearly three times the White House’s initial estimate.) and the administration’s universal health care scheme, which health policy experts reported this week could cost about $1.5 trillion over the next decade.

"Smirky" The Clown

"Smirky" The Clown

It is no wonder that when earlier this week Vice President Joe Biden told local officials in Washington this week that he was “serious, absolutely serious” about policing wasteful porkulus spending in Washington (price tag: $800 billion not including interest), he was met with the only rational response his audience could muster:

Laughter.

Friedman Schools Donahue on Socialism

Dear Reader,

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

Friedman Schools Donahue on Socialism

Thank you for your patience while I transition to my new No Compromise blog

Kindest regards,

~No Compromise

Faux-bama’s Fear-mongering

By Jonah Goldberg, Los Angeles Times Opinion

The president and his aides say they don’t want to waste a crisis. That’s a cynical way to exploit a national emergency.

The O-stika, The New Friendly, Circular Swastika!

The O-stika, The New Friendly, Circular Swastika!

Imagine a child falls down a well. Now imagine I offer to lend the parents my ladder to save her, but only if they promise to paint my house. Would you applaud me for not letting a crisis go to waste? Or would you think I’m a jerk?

I ask because I’m trying to come to terms with Rule No. 1 of the Obama administration.

“Rule 1: Never allow a crisis to go to waste,” White House Chief of Staff Rahm Emanuel told the New York Times right after the election. “They are opportunities to do big things.” Over the weekend, Secretary of State Hillary Rodham Clinton told members of the European Parliament, “Never waste a good crisis.” Then President Obama explained in his Saturday radio and Internet address that there is “great opportunity in the midst of” the “great crisis” befalling America.

Numerous commentators, including me, have pointed to this never-waste-a-crisis mantra as ideological evidence that Obama’s budget priorities are a great bait-and-switch. He says he wants to fix the financial crisis, but he’s focusing on selling his long-standing liberal agenda on healthcare, energy and education as the way to do it, even though his proposals have absolutely nothing to do with addressing the housing and toxic-debt problems that are the direct causes of our predicament. Indeed, some — particularly on Wall Street — would argue that his policies are making the crisis worse.

But the real scandal isn’t those policies, even though they’re bad enough. The real scandal is that this administration thinks crises are opportunities for governmental power-grabs (It seems writer Randolph Bourne was wrong. It is not war, but crisis, that is the health of the state).

Michael Kinsley famously said that a gaffe in Washington is when a politician accidentally tells the truth. As they say, it’s funny because it’s true.

But the White House tactic isn’t funny at all. It’s scary. Its amorality is outweighed only by the grotesque and astoundingly naked cynicism of it all.

Recall that not long ago, the first item on the bill of indictment against the Bush administration was that it was “exploiting” 9/11 to enact its agenda. Al Gore shrieked that President Bush “played on our fears” to get his way. In response to nearly every Bush policy proposal, from the Patriot Act to the toppling of Saddam Hussein, critics would caterwaul that Bush was taking advantage of the country’s fear of terrorism.

The Bush administration always denied this, and rightly so. If the president admitted that he was using a national calamity for narrow partisan or ideological advantage, it would be outrageous. Indeed, every time Karl Rove or some other administration official said anything that could be even remotely interpreted as using the war or 9/11 for partisan or ideological gain, the editorial pages and Democratic news-release factories churned into overdrive with righteous indignation.

Obammunists, Unite!

Obammunists, Unite!

Well, now we have the president, along with his chief aides, admitting — boasting! — that they want to exploit a national emergency for their preexisting agenda, and there’s no scandal. No one even calls it a gaffe. No, they call it leadership.

It’s not leadership. It’s fear-mongering.

Franklin Roosevelt said that all we have to fear is fear itself. Now Barack Obama all but admits that all he has to fear is the loss of fear itself.

In other realms of life, exploiting a crisis for your own purposes is an outrage. If a business uses a hurricane warning, for example, to price-gouge on vital supplies, it is a crime. When a liberal administration does it, it’s taking advantage of a historic opportunity.

Obama’s defenders respond to this argument that Obama’s motives are decent, noble and pure. He wants to help the uninsured and the poorly educated. He wants to make good on his vow to halt those rising oceans.

But this is just a rationalization. Every president thinks his agenda is what’s best for the country; every politician believes his motives are noble. The point is that scaring people about X in order to achieve Y is fundamentally undemocratic.

This was transparently obvious to Bush’s harshest critics, who alleged that 9/11 was merely a convenient crisis for devious neocons who wanted to topple Hussein all along. But it’s now clear that many of these critics simply objected to the agenda, not the alleged tactics. Now that it’s their turn, they see nothing wrong with doing what they so recently condemned.

They even admit it, over and over again.

Dear Reader,

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

 Rush is Right – There Is No Compromise with Obama

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

Dear Reader,

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

National Movement Grows: Tea Party U.S.A.

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

The Audacity of Socialism

The Audacity of Socialism

Dear Reader,

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

Washington Needs More Hayek, Less Keynes

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

Secession – Its Time Has Come

Dear Reader,

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

Secession – Its Time Has Come

Thank you for your patience while I transition to my new No Compromise blog

Kindest regards,

~No Compromise

by –Daniel Greenfield, www.canadafreepress.com

Dear Usurper

Dear Usurper

Call it the Bread and Circuses Presidency, or better yet, the Bailouts and Reality TV Presidency. Forget expecting results or ethics from the occupant of the White House. Just join an organization or a cause and stick your hand out for your share of of misappropriated taxpayer money, and get ready to vote online for which puppy the Obamas should adopt.

… iam pridem, ex quo suffragia nulli uendimus, effudit curas; nam qui dabat olim imperium, fasces, legiones, omnia, nunc se continet atque duas tantum res anxius optat, panem et circenses.
(Juvenal, Satire 10.77-81)
… Already long ago, from when we sold our vote to no man, the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions – everything, now restrains itself and anxiously hopes for just two things: bread and circuses

So America continues the transition from a citizenry to a people, that waits for government handouts and the comforts of a monarchy as spectacle, broadcast simultaneously on all channels. While Obama preps a cabinet slate, half of whom belong in jail, the media continues applauding loudly to drown out any criticism. And the public watches with glazed eyes.

The millions who will trudge to watch this “historic” triumph of style over substance, dishonest criminality over ethics, and anti-americanism over American, will get exactly what they expect. A $150,000,000 coronation for the Prince of Chicago, a lavish subversion of American democracy splashed across every television and website.

When Rome moved from Republic to Empire, the corrupt decadent Emperors understood what the mob wanted. As Obama’s backers work to make America a post-Democratic post-Republic oligarchy, they’re doing it with Bread and Circuses.

The ObamaGirl Revolution (TM) will be brought to you by Pepsi (TM) and Jones Soda (TM). Now stay tuned for a news report on a letter by Obama’s flacks supposedly written to his children, yet broadcast to all of America. Feel free to buy some Frito chips, the official chip of the Obama inauguration. And now breaking news, a special interview with the Obama’s new dog. Switch to another channel to see all the movie stars getting their moment too. Welcome to the Fall of the Republic, brought to you by Pepsi.

Komrade Hopenchange is Watching over You!

Komrade Hopenchange is Watching over You!

Never mind that a Muslim Brotherhood proxy will be delivering a prayer at Obama’s inauguration, which means that Al Queda and Hamas will have a place of honor at the event. Keep your eyes on the celebrities and the concerts.

The War on Terror conducted officially by the American government is over, and this time instead of four planes, America itself has been hijacked. The lead hijacker, the 21st hijacker, will shortly place his hand on a Bible, and swear to defend a country he was not born in and overtly despises. And he will try to keep a straight face while doing it, and perhaps show enough restraint not to scratch himself with his middle finger or grab his crotch during the ceremony.

After the last month of outreach, there will no doubt be conservatives that will report approvingly on this. Though what exactly they will be conserving besides their own mainstream relevance, New York Times and Washington Post columns is unclear. When the mob gets big enough, many feel compelled to march with the mob. That is their choice and a matter for their own consciences.

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