Fat Cat Democrat Angst

Fat Cat Democrat Angst — With drastic regulations looming and massive economic incompetence having been demonstrated the fat cat Democrats of Wall Street are turning off the spigot to the party of their hope and in some cases are actually giving money to Republicans, providing the Pub drinks the right kind of chardonnay and doesn’t take going to church all that seriously.

Jamie Dimon, head of J.P. Morgan Chase  gave $65,000 to theDemocratic committees in 2006 and 2008, but has given nothing this cycle. He has, however, sent a $2,000 check to Mark Kirk who is running for  Obama’s former Senate seat in Illinois. Yes, Kirk is the right kind of Republican.

Leon Black,co-founder of Apollo Global Management, along with wife, Debra, gave over $200,000 to theDemocratic committees in the last two elections. This year the Blacks have given the donkey party nada.

And Goldman Sachs CEO Lloyd Blankfein who ponied up $50,000 for the Dems in ’06 and ’08 has also cut off Obama, Reid and Pelosi.

So why did these barons of capitalism swoon over the party of socialism in the first place? Crony capitalism was somewhat involved — and in Blankfein’s case it actually paid off a bit — but the main reason was their loathing of those who think the reality of God is relevant to governance and lifestyle.

In other words, their desire to kill babies trumped their desire for wealth and freedom. You reap what you sow. If they would read the Bible they would know that.

Fat Cat Democrat Angst

Fat Cat Democrat Angst

Thank You, Joe Sestak

President Obama, at a rare press conference yesterday, took full credit for stopping the Deepwater Horizon oil spill

“The American people should know that from the moment this disaster began, the federal government has been in charge of the response effort,” Obama said.

So now we know why the spill lasted over a month.

Obama then slammed shut new off-shore drilling in U.S. waters saying:

First, we will suspend the planned exploration of two locations off the coast of Alaska
Second,we will cancel the pending lease sale in the Gulf of Mexico and the proposed lease sale off the coast of Virginia.
Third, we will continue the existing moratorium and suspend the issuance of new permits to drill new deep water wells for six months.
And four, we will suspend action on 33 deep water exploratory wells currently being drilled in the Gulf of Mexico.

In other words, he will continue to do what it takes to send our money to our oil-rich adversaries so they can pay to build mosques on the hollowed grounds of the 9/11 attacks.

He also said “what’s also been made clear from this disaster is that for years, the oil and gas industry has leveraged such power that they have effectively been allowed to regulate themselves” which is something that should make you go hmmmm.

With regard to Springfield Pa.’s own contribution to the failure of this incredibly incompetent administration, Obama said:

 

The — there will be an official response shortly on the Sestak issue which I hope will answer your questions. You will get it from my administration, so — and it will — it will be coming out — when I say shortly, I mean shortly. I don’t mean weeks or months. With respect to the first –I can assure the public that nothing improper took place. But as I said, there will be a response shortly on that issue.

 

(For President Obama’s explanation see DNA Tests For Obama, Sestak Neckties? )

Dick Morris, who was President Clinton’s go-toe guy during the most successful parts of that administration, said  Congressman Sestak’s allegation of a job offer from Obama, if true, would be  an impeachable offense, and if Washington is unwilling to investigate the matter Pennsylvan Attorney General Tom Corbett, from whence Sestak is from, should empanel a grand jury to do so.

The sooner Obama is impeached and removed from office, the better for America and the world.

Thank you, Joe Sestak.

 

Obama Exempted BP From Impact Study

Obama Exempted BP From Impact Study — The Obama Administration’s Department of the Interior’s Minerals Management Service gave BP’s lease at DeepwaterHorizon a “categorical exclusion” from the National Environmental PolicyAct (NEPA) on April 6, 2009, The Washington Post has reported.

Obama Exempted BP From Impact StudyThis meant they were exempted from a detailed environmental impact analysis because the powers-that-be concluded that amassive oil spill was unlikely at the site.

In a certainly coincidental matter, it has been revealed — not by the Post — that Obama was the largest recipient of BP’s campaign contributions in 2008.

Hat tip to FreeRepublic.Com

And at what point will President Bush be blamed?

Obama Exempted BP From Impact Study

Wall Street Gives Dingy Harry’s Leash A Tug

Wall Street Gives Dingy Harry’s Leash A Tug — Senate Majority Leader Harry Reid (D-Nev.) was reportedly given a spanking by his masters at Goldman Sachs during a fundraiser in New York.

While the perception is that Wall Street is run by fat conservatives, the truth is that the strings are pulled by extreme social liberals who recognize that there are fortunes to be made working with government and, if done properly from their point of view, government policy can squelch  up-and-coming competition.

They expect to  always have their SUVs and top doctors and think it’s just fine that the rest of us make do with skateboards and overworked nurses.

So when Reid, who is behind in the polls in his re-election bid, tried to whip up some populist sympathy by blaming the nation’s economic problems on the banks and brokers he went a little too far and  had his leash tugged.

Expect Reid and the rest of the Dems to listen. Goldman executives are staunch Dem supporters and gave four times more money to Obama than  to John McCain.

So whatever bill that comes forth giving the government the power to run our banks, expect there to be a paragraph on page 973 or so that lets Goldman and the rest of the politically connected Wall Street Dems to make a bundle.

Wall Street Gives Dingy Harry’s Leash A Tug

Brazilian Oil Loan, George Soros And The Chinese

Brazilian Oil Loan, George Soros And The Chinese — I recently received one of the emails circulating regarding the $2 billion U.S. loan made to the Brazilian state-controlled energy company Petrobras in August.

Sarah Palin harshly criticized the loan at the time which led to comments on Fox News and various blogs. Brazilian Oil Loan, George Soros And The Chinese

The email quoting Glen Beck said the

  • Chinese government is under contract to purchase all the oil that this  field will produce.
  • That we gain nothing from it
  • Obama contributor George Soros profited greatly from it.

The concerns and observations appear legitimate albeit defenders of the loan would take issue with the second point in that the money would be used to buy U.S. made equipment.

With regard to the first point, three months after the U.S. loan, Petrobas signed a $10 billion loan deal with the Chinese in which Petrobas “will increase its sale of crude to Unipec Asia,a unit of Chinese state oil company Sinopec, to 150,000 barrels per day(bpd) in the first year of the agreement and up to 200,000 bpd duringthe subsequent nine years.”

You know, you can use U.S.-made equipment to drill for oil in Alaska and off Florida and the Carolinas and California? Wonder if President Obama ever considered that?

Brazilian Oil Loan, George Soros And The Chinese

Ethics Office Recommends Dropping Murtha Investigation

Ethics Office Recommends Dropping Murtha Investigation — The Office of Congressional Ethics announced this afternoon that it will recommend to the House Ethics Committee that matters be dropped regarding  the relationship between the PMA Group lobbying firm and congressmen John Murtha (D-PA12), Norm Dicks (D-Wash.) and Jim Moran (D-Va.).

PMA employees and clients were leading donors to Murtha, Moran, Dicks and other appropriators, and received multiple earmarksfrom them.

Ethics Office Recommends Dropping Murtha Investigation

FBI Visits Turnpike HQ

FBI Visits Turnpike HQ — FBI agents were reported at the Harrisburg head offices of the Pennsylvania Turnpike Commission, Oct. 22 and possibly Oct. 23. Apparently the US Justice Department has had a several months long investigation of corruption at the Commission.

The a  six-lane widening project in the Valley Forge area was bid at $90 million and costs have reached $140 million.

The scandal includes large quantities of defective concrete and drainage pipes left unconnected.

Thank you, Gov. X.

FBI Visits Turnpike HQ

Steve Cordasco Rolling Stone Goldman Sachs

Steve Cordasco Rolling Stone Goldman Sachs — I heard  Steve Cordasco discussing on his Sunday morning show on WPHT 1210 AM articles by Matt Taibbi appearing in Rolling Stone magazine describing the disconcerting influence the bank holding company, Goldman Sachs Group Inc. has on our economy and our political system, including that — maybe especially  that — of the Obama administration..

One of the articles, Inside The Great American Bubble Machine, can be found here.

Steve Cordasco Rolling Stone Goldman Sachs