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My Apologies

May 11, 2009

I’ve been working on transitioning this to a self-hosted server, hence my lack of activity.  I promise to start posting tomorrow.  In the meantime, anyone is welcome to visit the new site and offer their comments.  Go to thebarbican.us

Thanks for understanding.

It’s Getting Crowded Under the Obama Bus

May 8, 2009

Submasstransitize:  v.   1.  The act of throwing an acquaintance, relative, follower, or employee “under the bus.”   2.  An expedient maneuver designed to quickly and/or quietly distance Barack Obama from an individual who potentially can cause embarrassment or become a political liability.    n.  submasstransitation.

See:

  1. Louis Farrakhan
  2. Austan Goolsbee
  3. Samantha Power
  4. Geraldine Ferraro
  5. His grandmother
  6. Typical white persons
  7. Rev. Wright
  8. Father Pfleger
  9. His church
  10. Roy LaVerne Brooks
  11. Tony Rezko
  12. Bill Ayers
  13. Rod Blagajovich
  14. Zeituni Onyango

Add to this list Louis Caldera, Director of the White House Military Office, who resigned today subsequent to having authorized the controversial Air Force One flyover of New York City last week.  The photo-op cost in excess of $300,ooo and resulted in this picture, released by the White House today.

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A White House aide joined the unemployment lines today for his role in Air Force One’s controversial photo-op flyover above New York, the Obama administration just announced. (Of course, it’s scheduled for a Friday afternoon.)

In a statement, the White House said President Obama accepted the resignation of military office director Louis Caldera. Caldera, a former Army secretary, took responsibility for the Air Force flyover that sparked 9/11-echo panic in lower Manhattan on April 27.

What the White House wanted was the photo above. What it got at first was the one down here at the bottom, from frightened New Yorkers’ cameras and cellphones.

The political cost can’t yet be calculated. Obama supporters won’t care. But the fact is against advice from the outgoing Bush administration, Obama’s team changed Caldera’s White House job classification from a career military officer to a political appointee, Caldera. Now, we’ll see which way it goes the second time.

The entire story is available here:

Unions are the Winners, Investors the Losers

May 7, 2009

Michael Barone penned an excellent column today that raises questions not being asked of Obama by the mainstream media, so sycophantic to the current administration that it challenges Pravda in its unwillingness (or inability) to be the government’s watchdog.  We’ve now seen Obama unilaterally decide that GM and Chrysler will hand over a majority share of their respective organizations to the US government and to the United Auto Workers.  In doing so, Obama will circumvent all accepted bankruptcy law and will subordinate the secured debt of bondholders to the unsecured debts owed to the union — the same union who’s uncompetitive contracts drove the companies into bankruptcy to begin with!  Wrote Barone:

…the Obama deal would give the bondholders about 33 cents on the dollar for their secured debts while giving the United Auto Workers retirees about 50 cents on the dollar for their unsecured debts.

This, of course, is a violation of one of the basic principles of bankruptcy law, which is that secured creditors — those who loaned money only on the contractual promise that if the debt was unpaid they’d get specific property back — get paid off in full before unsecured creditors get anything.

[…]

Think carefully about what’s happening here. The White House, presumably car czar Steven Rattner and deputy Ron Bloom, is seeking to transfer the property of one group of people to another group that is politically favored. In the process it is setting aside basic property rights in favor of rewarding the United Auto Workers for the support the union has given the Democratic Party.

You can read the entire article here.

Some bondholders rejected the proposal, a move that earned Obama’s condemnation and derision.  “Speculators,” he called them, as if having invested their savings with the expectation of earning a return was somehow an illegitimate exercise.  Tell me, will you soon help recapitalize companies by re-entering the stock and bond markets when you know our President believes doing so is shameful and worthy of excoriation?

This hardly seems to be a move intended to grow the economy.  Between punishing companies that attempt to retain profits for their shareholders, forcefully taking money from corporate investors to hand to unions, attempting to give unions the upper hand in organizing and negotiating, and further taxing anyone with the effrontery to earn money on their investments, the Obama Administration seems hellbent on doing everything it can to force venture capitalists, our manufacturing base, and corporate headquarters to other countries.

And we’re hearing none of this in the media.  But, we do know the Obamas have a new dog…oh, and what “enchants” Barry the Beneficent.  Nothing like reporters having their priorities straight.

It’s Ann Coulter Day

May 7, 2009

Yeah, yeah, yeah.  Colin Powell says she’s divisive and doesn’t represent mainstream Republicans.  But it’s still fun to read someone who isn’t afraid to take on liberals at their level.  Feed your inner conservative.

$1.3 Trillion, For What?

May 5, 2009
Bernanke in Congress
Image by talkradionews via Flickr

Federal Reserve Chairman Ben Bernanke went before Congress’ Joint Economic Committee today and indicated he is cautiously optimistic that the economy will begin to recover before year’s end.  He said, “We continue to expect economic activity to bottom out, then to turn up later this year.”  This positive outlook is predicated upon further stabilization of the banking system.

Read more…

When Condi Talks…

May 4, 2009

Condoleeza Rice has returned to Stanford University.  During a recent exchange in a dorm  she thoughtfully, respectfully, and articulately set straight a misguided young adult who parroted the common liberal-left view regarding enhanced interrogation techniques.  She also refused to respond to any question or comment that included the misnomer “torture.”

Read more…

Specter and Collins Channel Lenin

May 2, 2009

“A lie told often enough becomes truth.” – Vladimir Lenin

And so it goes that we’ve listened to Arlen Specter, most of the mainstream media, and now Susan Collins do their darnedest to repeat the mantra that Republicans have shifted dextrally. We heard Specter the Defector say earlier this week. “Since my election in 1980, as part of the Reagan Big Tent, the Republican Party has moved far to the right.”  We then listened to Susan Collins (RINO-Maine) this morning claim, “The Republican Party has been most successful when it has adopted the big tent approach that was favored by Ronald Reagan, by Gerald Ford.”  It sounds as if they’re reading from the same script, doesn’t it?  It must be true.

Read more…