Category: Croynism

Amy Gutmann Salary $1.367 million

Amy Gutmann salary $1.367 million — Tea Party activist Bob Guzzardi notes that in Fiscal Year 2011-2012 the Republican-controlled State House and Senate allocated $29 million to the University of Pennsylvania to which the Republican governor happily consented.

This year, Guzzardi says Gov. Corbett is proposing to give Penn zero in the way of dollars.

“The Forgotten Taxpayer is elated,” says Guzzardi.

He notes that Penn is a multi- billion dollar tax exempt corporation with an annual budget of $6 billion  and a highly paid administrative staff, including
President Amy Gutmann, who got a salary last year of $1.367 million.

Amy Gutmann salary $1.367 million

Amy Gutmann salary $1.367 million

Mortgage settlement screws people who pay on time!!

Mortgage settlement screws people who pay on time!! Sounds crazy,right?Just follow the details here and see for yourselves.
http://www.businessinsider.com/watch-dick-bove-go-ballistic-over-the-mortgage-deal-from-hell-2012-2?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=BI%20Select%20Recurring%202012-02-09

Mortgage settlement screws people who pay on time

Laws You Never Knew Passed Or How To Impoverish Your Children

Senate Majority Leader Dominic Pileggi (R-9) gets credit for Act 130 which began as SB 1054 and was signed into law by Gov. Corbett on Dec. 22. It provides for the capital budget for Fiscal Year 2011-2012. Pileggi got a unanimous vote for the bill in the Senate. The House passed  it with 75 dissenters who included the more conservative Republicans and the saner Democrats.

The bill borrows $1.6 billion with $450 million of that going to 197 projects in Philadelphia.

Among the things this borrowed billion-plus will be used for are:

— $10 million for the Janney Montgomery Scott Headquarters

— $2.5 million for Mount Airy Transit Village, a vacant lot.

–$2.197 million for Comcast Towers, a portion of the $30 million appropriated for Comcast.

–$850,000 for House of Imoja which is affiliated with Philadelphia Congressman Chak Fattah.

— $3 million for the Chelten and Pulaski revitalization project which is opposed by the neighborhood residents.

Representative Rosita Youngblood (D-198) introduced HB 2030 in November in an effort to bring accountability and some timely information as to the costs and benefits of the projects.  It doesn’t seem to be going anywhere.

Liberty Index subtracted 50 points from a legislator’s grade for a “yea” vote and added 50 points for a “nay” vote. Gov. Corbett, of course, lost 50 points.

Pileggi’s primary opponent, Rogers Howard, has been outspokenly critical of this act.

Goldman Sachs Backs Mitt Gay Marriage

Goldman Sachs Backs Mitt Gay Marriage — Bloomberg.com reported, Feb. 1,  that Goldman Sachs Group  workers contributed $106,580 to Mitt Romney’s presidential bid in the fourth quarter of last year and that  Goldie is his largest source of  campaign bucks at a half-million total so far.

Goldman Sachs does like to spread its money around. It gave boatloads to Barack Obama and got Timothy Geithner as secretary of the treasury in return, along with a whole lot of bonus people.

And it gave boatloads to George W. Bush, and got Henry “TARP ’em” Paulson as secretary of the treasury along with a whole lot of bonus people. Bush, by the way, was the one who picked Geithner for  president of the Federal Reserve Bank of New York.

In other Goldman Sachs news, its CEO, Lloyd Blankfein, became the first national corporate spokesman for the Human Rights Campaign, a homosexual advocacy group.

Blankfein made this video for them declaring his support for anal-sex marriage.

 

 Goldman Sachs Backs Mitt Gay Marriage

Rendell Inquirer Rescue Attempt

Rendell Inquirer Rescue Attempt — The denizens of the Philadelphia Inquirer are wishin’ and hopin’ and, well not prayin’ of course, that their sinking ship is purchased by a group of city business leaders organized by famous Philadelphia sports fan Ed Rendell who one-time chaired the Democrat National Committee and was once our governor.

Well, I’m praying for their success! Democrat money should be thrown down Democrat rat holes!

Of course, one kind of wonders why Ed Snider is allegedly a party to this. Maybe it’s a Francisco Anconia-type of ploy.

Rendell Inquirer Rescue Attempt

Mish’s Global Disses Obama SOTU Speech

Mish’s Global Disses Obama SOTU Speech — Mish’s Global Economic Trend Analysis says that regarding  the economic plan presented in President Obama’s State of the Union speech: The proposal as outlined rates to take every “responsible” underwater mortgage held by banks, Fannie Mae, Freddie Mac, hedge funds, foreign banks, and pension plans, and transfer all of them to the FHA. The idea this will only cost $10 billion is absurd.

Mish says the plan is a massive backdoor bailout of banks, mortgage companies, hedge funds, foreign banks, and anyone else holding mortgage related garbage.

Sums it up nicely. And did you read this in the Inquirer?

Hat tip Tom C.

Mish’s Global Disses Obama SOTU Speech

TARP Costs Are Back Up

TARP Costs Are Back Up — The Troubled Asset Relief Program (TARP)  was signed into law by President Bush a month before the 2008 election and authorized spending $700 billion to buy assets and equity in financial institutions. The plan was to prevent an economic meltdown due to the subprime mortgage scam.

It was originally expected that taxpayers would be on the hook for $300 billion but the spending authorization was cut to $475 billion in the Dodd-Frank regulations passed in July 2010 and by March 2011 the total  cost estimate for the taxpayers had been cut to $19 billion as the banks and other institutions began paying back  loans.

On Friday the Congressional Budget Office announced the cost estimate is back  to $34 billion due to a drop in the market value of the government’s investments in American International Group and General Motors.

So how is that Chevy Volt working out? Maybe D.C. should have invested in Ford. Oh, that’s right. Ford threw the money back in their faces.

I see Fords in our futures assuming you think it desirable to buy American.

TARP was basically a scheme for wealthy, connected people to be able keep their homes in the Hamptons and their chateaus in Aspen. If Congress simply raised the federal deposit insurance from $250,000 to $2.5 million, the irresponsible banks would have failed, the deposit holders would have transferred their money to the responsible banks,  and justice would have prevailed.

The bad guys would have got bloody noses. The little guy wouldn’t have been hurt any worse than he was and maybe not even as badly.

And we would not have ended up with the Dodd-Frank travesty.

And maybe even John McCain would be president.

Hat tip Tom C.

 

TARP Costs Are Back Up

Hypocrisy Thy Name Is Corzine

Hypocrisy Thy Name Is Corzine — Astute reader Tom C points out that Jon Corzine — the prominent Democrat politician who served as New Jersey governor and senator before moving on to head MF Global Holdings Ltd the “leading cash and derivatives broker-dealer” from which he managed to misplace $1.2 billion — was among the supporters of the intrusive Sarbanes-Oxley Act of 2002 which promised an end to greedy corporate skullduggery.

Hypocrisy Thy Name Is Corzine
Hypocrisy Thy Name Is Corzine

New York State Of Decline

New York State Of Decline — When lamenting the decline of Pennsylvania — it was the second most populous state a century ago — just look north to feel a tad better.

The New York Post is reporting that 1.6 million people — about a population about the size of Philadelphia — left New York State in the last decade.

The number is balanced somewhat by New York City being a immigration magnet — U.S. Census figures actually show the Empire State gaining 400,000 people between 2000 and 2010 — but it appears they start to flee soon after arriving.

New York is ruled by “progressives.” Progressive policies equal poverty and decline.

New York State Of Decline

New York State Of Decline

Corbett’s Gang Muscles In On DRPA

Gov. Tom Corbett has cleaned the rodent-droppings from Pennsylvania’s vermin-infested  contribution to  Delaware River Port Authority (DRPA) appointing himself as chairman and replacing five board members.

But will it be the case of “meet the new rat, same as the old rat”?

Corbett’s appointments — William Sasso, Joanna Cruz, Joann Bell, Walter D’Alessio and David Simon — are all heavy political contributors to the governor each donating at least $1,500, personally or institutionally, to his attorney general and gubernatorial campaigns with Simon and Sasso kicking in $29,500 and $22,000 respectively as individuals.

DRPA is a Congressionally-approved arrangement between Pennsylvania and New Jersey charged with overseeing the maintenance and development of the Philadelphia-Camden port district and much of the Delaware River crossings including the four big toll bridges. The 16-member board is split evenly between the states. All  New Jersey members are appointed to set terms by its governor. In Pennsylvania, six members are at-will gubernatorial appointments with the state’s treasurer and auditor general being automatically given seats.

Are Corbett’s picks going to be exterminators or just more bald-tailed looters looking for their cheese? One sign will be if crossing the Delaware gets cheaper and more convenient. Look to see what happens with the 20 percent toll hike schedule for July.

Hat tip Chris Freind.