With the absence of Mr. Obama, Vice President Joe Biden is tooting his own horn about his part in the un-Constitutional bail out scams in which Goldman Sachs personnel have been given the reins in controlling which of their competitors are allowed to fail (Bear Stearns) and which of their debtors (AIG) are bailed out with tax dollars.
Mr. Biden is singing his own praises about the good that he has done in this scam while the realities set in that the economy would have recovered on its own, and that allowing the failure of poorly managed companies would have opened opportunity in the markets for smaller well managed companies.
Mr. Biden seems to forget this: “I, Joseph Biden, do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; that I take this obligation freely, without any mental reservation or purpose of evasion; and that I will well and faithfully discharge the duties of the office on which I am about to enter. So help me God.”
Little he has done since he took office is toward the protection and preservation of our Constitution. The Constitution is a limitation on government power. What he, Mr. Obama, the Senate, and the House are doing is exactly the opposite. They are increasing the power, scope, and size of government – all of which can only be done with the sacrifice of individual liberty and wealth.
Looks like the hole is getting deeper for Senator Charles Rangel. Not only has he hidden assets, bank accounts, and income, a house in the Dominican Republic, and free trips paid for by lobbyist but now he’s ignoring calls for his resignation amid ethics probes. Mr. Rangel is the poster boy for fat-cat corruption in Congress. If the truth be known, Mr. Rangel probably got wealthy by using his position and power as a U.S. Congressman.
The federal government faces exploding deficits and mounting debt over the next decade, White House officials predicted Tuesday in a fiscal assessment far bleaker than what the Obama administration had estimated just a few months ago.
Figures released by the White House budget office foresee a cumulative $9 trillion deficit from 2010-2019, $2 trillion more than the administration estimated in May. Moreover, the figures show the public debt doubling by 2019 and reaching three-quarters the size of the entire national economy.
It’s the genius of Socialism/Communism! Poverty for all!
In almost twenty years of full time activism, rarely have I seen such an uproar as we’re seeing over Comrade Obama and Congress’ attempt to take over another private industry. My email box has been deluged with hundreds of messages every day for weeks about this so called health care reform. Americans have read the fine print and gone ballistic, as well they should. The wrath of the American people is long over due.
The plan would give the government new powers to seize key companies whose failure jeopardizes the financial system, as well as creation of a watchdog agency to look out for consumers’ interests.
Repairs for rural bridges, an under-highway safe crossing for turtles and efforts to protect the sage grouse population are among 100 projects a Republican senator pointed to Monday as questionable federal stimulus spending.
Like many political scandals, from Watergate to Italy’s notorious “Bribesville” affair, Britain’s parliamentary expenses row has its roots in humble if somewhat undignified events.
Dozens, and potentially hundreds, of gas stations around California are choosing to shut down rather than comply with a state mandate that would require owners to purchase new equipment to reduce vapor emissions at the pump. The requirement, known as Phase II in the state’s Enhanced Vapor Recovery Program, is set to go into effect in April.