Truth Has No Agenda (GB)

Financial Sector

‘OUTRAGEOUS ABUSE’: Tea Party Rejects IRS Apology for Tax Scrutiny

[FoxNews-AP]

Published May 10, 2013

TEA-PARTY_IRSTea Party leaders refused to accept an apology from the IRS Friday in which the agency acknowledged that it inappropriately flagged conservative groups for additional review during the 2012 election to see if they were violating their tax-exempt status.  Jenny Beth Martin, national coordinator for Tea Party Patriots, said she wants to see resignations over what she called the “disturbing, illegal and outrageous abuse of government power.”

Republican lawmakers also seized on the acknowledgment, after having complained about the suspected harassment more than a year ago. Senate GOP Leader Mitch McConnell called for a “government-wide review” to assure “these thuggish practices” are not in use elsewhere. House Republican Leader Eric Cantor later said the House would investigate.

Reaction was swift and harsh after Lois Lerner, who heads the IRS division that oversees tax-exempt groups, acknowledged the issue at a conference Friday sponsored by the American Bar Association.

She confirmed that organizations were singled out because they included the words “tea party” or “patriot” in their applications for tax-exempt status.

In some cases, groups were asked for their list of donors, she said.

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RNC Chair Fires Back at Chris Matthews After Tense Exchange: Took Prize for ‘Biggest Jerk in the Room’

[TheBlaze.com]

Posted on August 27, 2012 at 4:13pm by Mike Opelka

Following this morning’s blow up by Chris Matthews during a segment with RNC Chair Reince Priebus on MSNBC’s “Morning Joe,” Priebus spoke with a small group of reporters inside the Google Lounge at the convention center and offered his reaction, throwing out the term “biggest jerk.”

TheBlaze was on hand and asked the question, “Mr. Chairman, on Chris Matthews… when you went to commercial after the conflict with Chris Matthews, was there anything said between the two of you?  Did you shake hands? Was there a hug?

Mr. Priebus answered the question fully for TheBlaze, and delivered one of the classic lines from the convention today:

“When someone wants to take the prize of being the biggest jerk in the room, he made the case for us.”

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Clinton in 2010: If It Doesn’t Work In Two Years, ‘Vote Us All Out Then’

[Breitbart.com]

June 14, 2012

In 2010, former President Bill Clinton made a statement that President Obama would probably rather not be reminded of today. “The Democrats are saying something like this: ‘We found a big hole that we did not dig. We didn’t get it filled in 21 months, but at least we quit digging,’” Clinton said “‘Give us two more years. If it doesn’t work, vote us out.’”

President Obama famously told NBC News’ Matt Lauer that his presidency would be a “one term proposition” if his policies did not turn the economy around by 2012.


Feds announce $25B settlement over foreclosure abuse

[FoxNews.com]

Published February 09, 2012

holder_ercch_020212.jpg

AP – Feb. 2, 2012: Attorney General Eric Holder testifies on Capitol Hill.

WASHINGTON –  Federal officials announced Thursday that 49 states have accepted a $25 billion foreclosure-abuse settlement with the five largest mortgage lenders — a deal that primarily helps underwater homeowners but pays just $2,000 to those already wrongly foreclosed upon.

The bulk of the deal requires the banks to reduce some loans and refinance mortgages for underwater borrowers. Oklahoma was the lone holdout to the agreement.

President Obama described the deal as a “landmark settlement” that would “begin to turn the page on an era of recklessness” while speeding relief to hard-hit homeowners.

It is the biggest settlement involving a single industry since a 1998 multistate tobacco deal. Under the agreement, five major banks — Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial — will reduce loans for nearly 1 million households.

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A Balanced Budget Consensus

American [Spectator.org]

Posted: January 28, 2012

The Tax and Spend Spectator

It is central to a free society that every man owns his own soul. Thus the First Amendment guarantees freedom of religion.

A free society must not live in fear of the state: hence the Second Amendment.

We do not trust democracy or the separation of powers to protect freedom of religion or of the press, or the right to keep and bear arms. In those cases, the Constitution was specifically amended to highlight the danger and protect us.

Then where in the U.S. Constitution, designed primarily to limit the power and scope of the federal government, is there a limit to the size and cost of the state?

Did everyone in Philadelphia just assume this was understood? Sort of the way they forgot to mention property rights–because everyone assumed they were assumed?

For at least 30 years now, conservatives have been working to enact a Balanced Budget Amendment (BBA) to the federal Constitution to prohibit or limit Congress’s ability to borrow money.

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Mark Levin Talks to NewsBusters About ‘Ameritopia’ and Media’s Role in Advancing Utopianism

[Newsbusters.org]

By Noel Sheppard| January 26, 2012

One of the Media Research Center’s dearest friends and supporters, Mark Levin, has a new book out called “Ameritopia” which as CNSNews reports will debut at number one on the New York Times best seller list in four different nonfiction categories.

On Tuesday, the esteemed author and radio host spoke to NewsBusters by phone about the book’s contents and how the media are assisting powerful utopian forces in America to undermine our Constitutional republic (video follows with complete transcript, don’t miss spectacular book signing video at article’s conclusion):

http://www.mrctv.org/embed/109441

mark-levin-talks-newsbusters-about-ameritopia-and-medias-role-advancing-utopianism

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Fed Signals That a Full Recovery Is Years Away

[PatriotUpdate.com]

January 25, 2012

Ben-Bernanke

The Federal Reserve said on Wednesday that it was likely to raise interest rates at the end of 2014, but not until then, adding another 18 months to the expected duration of its most basic and longest-running response to the financial crisis.

The announcement means that the Fed does not expect the economy to complete its recovery from the 2008 crisis over the next three years. By holding short-term rates near zero beyond mid-2013, its previous estimate, the Fed hopes to hasten that process somewhat by reducing the cost of borrowing.

The Fed said in a statement that the economy had expanded “moderately” in recent weeks, but that unemployment remained at a high level, the housing sector remained in a deep depression, and the possibility of a new financial crisis in Europe continued to threaten the domestic economy.

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Final SC Poll: Gingrich 37, Romney 28, Santorum 16, Paul 14; 77% Have Unfavorable View of Media

[CNSNews.com]

 Rick Santorum, Mitt Romney, Newt GingrichFormer Sen. Rick Santorum, former Massachusetts Gov. Mitt Romney, and former House Speaker Newt Gingrich at a presidential debate in Myrtle Beach, S.C., on Jan. 16, 2012. (AP Photo)

(CNSNews.com) – A poll of 1,540 likely South Carolina Republican primary voters completed on Friday night had former House Speaker Newt Gingrich leading former Massachusetts Gov. Mitt Romney, 37 percent to 28 percent. The poll put former Sen. Rick Santorum of Pennsylvania in third with 16 percent, and Rep. Ron Paul of Texas in fourth with 14 percent of the vote.

The poll was conducted Jan 18-20 by Public Policy Polling, a Democratic polling company based in Raleigh, N.C. It was done through automated telephone calls.

In just the polling done on Friday night, Gingrich actually led Romney, 40 percent to 26 percent.

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THE FEDERAL RESERVE CARTEL: (Part 1) THE EIGHT FAMILIES

[LibertyNewsOnline.com]

By: Dean Henderson

January 20, 2012

(Excerpted from Chapter 19: The Eight Families: Big Oil & Their Bankers in the Persian Gulf… Part one of a five-part series)

The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.

According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation. [1]

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[Warning to Obama] Canada To Sell Their Oil To China If XL Pipeline Isn’t Approved Soon

[FloppingAces.net]

By: Posted: January 15, 2012

Obama “the job destroyer” has come even closer to not only losing all the jobs that would come with the XL Pipeline but also losing all that oil:

Canada is now looking to Asian countries to market its abundance of oil, natural gas and minerals as plans to build the proposed Keystone XL pipeline have stalled with the U.S. administration.

Prime Minister Stephen Harper will travel to China next month to discuss selling Canada’s bounty to the rapidly growing nation.

The preferred initial plan was to build the $7 billion Keystone pipeline to deliver Alberta’s oilsands crude to refineries in Texas on the Gulf of Mexico.

Harper reasoned that the U.S. government would prefer to deal with a friendly neighbor to help meet its energy needs while creating thousands of jobs.

With widespread opposition by U.S. environmentalists, the Obama administration has delayed its decision on whether to approve the project proposed by energy giant TransCanada Pipelines.

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Cordray Nomination Jeopardizes Constitutional Checks and Balances

Jeannie DeAngelis

[BigGovernment.com]

Posted Jan 7th 2012 at 1:41 pm

by Jeannie DeAngelis

Forty-four of 46 Republican Senators vowed they would not approve “any consumer financial bureau director unless the agency was put under a five-member outside board, had its work checked periodically by bank examiners and had its budget approved by Congress rather than the Federal Reserve.”

So when Republicans refused to confirm the President’s nominee, Richard Cordray, to head the Consumer Financial Protection Bureau, America’s number one duffer shouldn’t have been surprised.

Senate Republicans maintained that voting down the nomination of Cordray had everything to do with the Dodd-Frank financial reform agency lacking oversight, and nothing to do with the candidate Obama chose to head it up. In other words, Republicans wanted to take consumer protection a step further than the President was willing to go, vowing that they’d agree to confirm a director, but not before additional consumer safeguards and supervision are put in place.

As for Obama’s nominee Richard Cordray, besides being the former Attorney General of the state of Ohio and acting as chief enforcement officer at the Consumer Financial Protection Bureau for the last year, Cordray is a five-time undefeated Jeopardy champion. Which may be why, when chiding Republicans for blocking his appointment, the President kept mentioning game playing.

According to Barack Obama, champion Jeopardy player Cordray has the expertise to “protect American families from being taken advantage of by mortgage lenders, payday lenders and debt collectors.”

After his pick was rejected, posing a few questions of his own, an irritated Barack Obama wanted to know if “Republicans in Congress think our financial crisis was caused by too much oversight of mortgage lenders or debt collectors?”

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Obama’s Stark Progressivism Is Unsustainable

[PatriotUpdate.com]

December 14, 2011 (Posted December 15, 2011)

obama 60 minutes

For Progressives, the purpose of taxation is to fund an unlimited government with the power to achieve “fairness” by transferring wealth from one party to another.  The progressive tax is the instrument of choice because it makes it look like those who pay little or no taxes can benefit at the expense of “the rich.” Although this pitch may win elections, it is not sustainable because it is based on the illusion that those with high incomes and wealth do not have the power to shift the burden of taxation onto their employees or suppliers or customers.  Although Progressives insist otherwise, increasing marginal tax rates is associated with slower growth, high unemployment and a shrinking middle class.

Property rights and the enforcement of contracts are also anathema to Progressives.  In their view, expansive rules and regulations can narrow the differential of power in the workplace and among economic agents.  But, the regulatory state now threatens the middle-class.  Today, for example, banks spend more on complying with an ever more burdensome regulatory regime than they spend on making loans.  No wonder they are laying off thousands of middle-class workers as they cut other costs in order to maintain the profitability that is the pre-requisite for staying in business.

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Report: Corzine Ignored Warnings on Eurozone Bets From Chief Risk Officer

[FOXBusiness.com]

December 6, 2011

Written By

As Jon Corzine was directing his company to take more than $6 billion in bullish positions in risky European sovereign debt, the former MF Global CEO reportedly ignored prophetic warnings from his chief risk officer about the bet’s dangerous downsides.

According to The Wall Street Journal, Michael Roseman, who was in charge of controlling risks, expressed serious concerns to both Corzine and MF Global’s board of directors several times last year before eventually resigning.

The revelation that MF Global had $6.3 billion in net exposure to the bonds of troubled countries like Italy and Spain triggered a run on the bank that eventually forced the futures brokerage into bankruptcy on October 31.

Roseman, who was brought on in 2008 to overhaul MF Global’s risk systems after a rogue trader cost the company $140 million, warned that MF Global didn’t have enough cash to buffer against these risky positions and also presented scary scenarios about the ripple effects of a credit rating downgrade, the Journal reported.

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Tech Gear You Shouldn’t Buy This Christmas

[FoxNews.com]

By Kim Komando

Published December 05, 2011

Holiday Christmas Gifts Red

There are gadgets you just shouldn’t buy this holiday season. They’re the tech world’s equivalent of getting socks for Christmas.

If you don’t want to be uncool, don’t be tempted to give these — no matter how great the bargains may seem.

Feature phones
Feature phones have another name: dumbphones. It doesn’t make sense to get a free feature phone anymore — much less pay for one — when you can get a smartphone for free.

What do people do when they find something they like? They encrust it in gold, of course. So why not buy your favorite tech gadgets this holiday — dipped in real gold?

For example, you can now get a free iPhone 3GS with a two-year AT&T contract.

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Occupy Wall Street: The Implications on the Bill of Rights

Of Thee I Sing  1776

[BigGovernment.com]

Posted Nov 25th 2011 at 11:33 am

by Of Thee I Sing 1776

For very good and valid reasons, Americans understand the extraordinary importance of the First Amendment to the U.S. Constitution, the right peacefully to assemble for redress of grievances.  That, of course, is the rationale for the Occupy Wall Street (“OWS”) movement by which thousands of protestors are encamping in various public places around the country.

Our courts recognize few exceptions for the placing of limits on this exercise of free speech and in fact have themselves studied the issue in cases unrelated to OWS.  Courts recently have been debating whether limits on speech enacted by legislative bodies are constitutional.  As an example, a law prohibiting candidates for public office from lying about their opponents’ voting records during campaigns is drawing judicial scrutiny as an unconstitutional prohibition on protected free speech.  This matter is a serious one and whether we agree or not with OWS protestors (or tea party assemblies) we need to treat the subject based on constitutional principles rather than our own political predilections.  So why have the authorities suddenly stirred themselves to action to clean out OWS sites?

For one thing authorities have suddenly recognized some very important public principles:

First, public facilities are being taken over for the benefit of a few people as part of their attempt to advance solely their cause.  Parkland in central cities is very scarce and has been misused by groups who pitch tents from end to end in these parks and prevent (and in some instances intimidate) ordinary citizens from using public land.  Often these tent cities are abandoned during the day while the occupiers leave and go about their regular lives (going to work, going home, attending entertainment venues, etc.)

Recently, there has been a major spike in violence including shootings.  In Oakland protestors succeeded in shutting down the ports, which are a major, job producer in that city.  According to the San Francisco Chronicle “OWS protestors gathered up for their general assembly meeting and withdrew a resolution calling for future demonstrations to remain peaceful.  A faction of the protest group has advocated violence as a ‘diversity in tactics’ approach to demonstrating.”  Deaths have occurred in other cities as well, including Burlington, Vermont.   Secondly, there is an important public health issue that has arisen.  Protestors have been overwhelming the sanitary facilities at nearby businesses, cleaning and relieving themselves at bathrooms not built for such volume.  Finally, city authorities who have appeared to be looking the other way see that they have to take action.

The Weekly Standard on November 5 noted, “[a real] occupation of Wall Street isn’t going to happen.  Instead, it is something under which the left marches.  For the left, all politics is about occupation.  One country, one class or one group takes from another.  Politics is seen as national warfare or class struggle, or one group grasping for advantages over some other.”

Moreover, Congressman Denny Rehberg summed it all up with an idea to respond to OWS with a call to liberate Wall Street.

We’re over-taxed in small business, over-regulated, and over-litigated, and you can pick and choose which ones you want to address, but the government should be trying to lessen the tax burden, lessen the regulatory burden, and get the litigation out of the way,” Rehberg said.  More broadly, Liberate Main Street provides a rubric for a conservative agenda that contrasts with Occupy Wall Street.  It would be an agenda that works to foster opportunity, not envy; that seeks change through democratic processes, not mob pressure; that encourages enterprise, not resentment; that enlarges the sphere of personal and civic freedom, not big government; that liberates Americans’ energies, rather than pandering to their weaknesses; that acts to fix Wall Street’s problems, not to demonize American business.

That violence has been on the agenda of elements within the OWS movement from the get-go is really no longer debatable.  Ironically, the right peaceably to assemble is being compromised by those who want to turn thoughtful assembly into aimless mockery and occasional violence not just because of Wall Street, but also in support of every demand on every radical wish list from abolishment of all debt to the end of capitalism, corporations and government itself. Throw in a cheering section here and there for Chavez, Castro, and a sprinkling of crude anti-Semitism, and you have a movement that isn’t a movement at all, but rather a grand gripe conclave where those with real concerns and legitimate grievances are elbowed aside by those with agendas that serve no constructive purpose.

The time has come for law-abiding people of the left and the right to prevent peaceful assembly from being hijacked.  Police, as happened in New York, cannot standby and look the other way.  Finally, on November 15th, the Bloomberg administration stirred itself and closed Zuccotti Park (itself not a public park) because of the threat of violence and serious concern over public health.

We frequently write about American Exceptionalism by which we mean the unique opportunity our citizens have to legitimately pursue their dreams free from interference by government.  This kind of opportunity cannot exist without the rule of law, which in the case of America is grounded in our Constitution, the centerpiece of which is the Bill of Rights.  If we Americans want to maintain and protect our Bill of Rights  (from which our right to peacefully assemble derives), all citizens must respect and vigorously support law enforcement that protects both the rights of the assembled as well as the rights of the communities in which these assemblages take place.

By Hal Gershowitz and Stephen Porter

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Publius Sarah Palin: How Congress Occupied Wall Street

Publius

[BigGovernment.com]

Posted Nov 17th 2011 at 4:54 pm

by Publius

From The Wall Street Journal:

Mark Twain famously wrote, “There is no distinctly native American criminal class except Congress.” Peter Schweizer’s new book, “Throw Them All Out,” reveals this permanent political class in all its arrogant glory. (Full disclosure: Mr. Schweizer is employed by my political action committee as a foreign-policy adviser.)

Mr. Schweizer answers the questions so many of us have asked. I addressed this in a speech in Iowa last Labor Day weekend. How do politicians who arrive in Washington, D.C. as men and women of modest means leave as millionaires? How do they miraculously accumulate wealth at a rate faster than the rest of us? How do politicians’ stock portfolios outperform even the best hedge-fund managers’? I answered the question in that speech: Politicians derive power from the authority of their office and their access to our tax dollars, and they use that power to enrich and shield themselves.

The money-making opportunities for politicians are myriad, and Mr. Schweizer details the most lucrative methods: accepting sweetheart gifts of IPO stock from companies seeking to influence legislation, practicing insider trading with nonpublic government information, earmarking projects that benefit personal real estate holdings, and even subtly extorting campaign donations through the threat of legislation unfavorable to an industry. The list goes on and on, and it’s sickening.

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How Obama’s Failed Mortgage Rescue Efforts Will Impact the 2012 Election

The New Ledger

[BigGovernment.com]

Posted Oct 25th 2011 at 9:16 am

by The New Ledger

Download Podcast | iTunes | Podcast Feed

On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Zeke Miller to discuss the burst of the housing bubble, Obama’s latest push for mortgage relief efforts, and how proposed changes in federal policy changes will impact the 2012 elections.

We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the show.

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#OccupyAnimalFarm: Fights Over Money Splintering #OccupyWallSt

Publius

[BigGovernment.com]

Posted Oct 23rd 2011 at 8:09 am

by Publius

From The New York Post:

Even in Zuccotti Park, greed is good.

Occupy Wall Street’s Finance Committee has nearly $500,000 in the bank, and donations continue to pour in — but its reluctance to share the wealth with other protestErs is fraying tempers.

Some drummers — incensed they got no money to replace or safeguard their drums after a midnight vandal destroyed their instruments Wednesday — are threatening to splinter off.

“F–k Finance. I hope Mayor Bloomberg gets an injunction and demands to see the movement’s books. We need to know how much money we really have and where it’s going,” said a frustrated Bryan Smith, 45, who joined OWS in Lower Manhattan nearly three weeks ago from Los Angeles, where he works in TV production.

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CNN Poll: 59% Believe Obama’s Policies Will Fail

[HotAir.com]

posted at 10:05 am on October 18, 2011 by Ed Morrissey

It’s hard to know what to make of this release from the latest CNN poll.  Barack Obama continues to run underwater on overall job approval in the CNN poll, improving slightly since early September’s 43/55 to 46/50 today.  However, American confidence in his policies hit a new low — well below his approval rating:

CNN/ORC International Poll released Monday indicates that 46% of the public approves of the job the president is doing in the White House, basically unchanged from September, with 50% saying they disapprove of how he is handling his duties. …

According to the survey, 36% say they think the president’s policies will succeed, with 59% saying Obama’s policies will fail, up 12 points from last year and nearly double the 32% who said in 2009 that the president’s policies will fail. Most Democrats and independent voters say they hope Obama’s policies will succeed. But a majority of Republicans say they hope Obama’s policies will fail.

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Surprise! Warren Buffett’s Company Has $1 Billion Federal Tax Obligation

Larry O'Connor

[BigGovernment.com]

Posted Oct 13th 2011 at 9:14 pm

by Larry O’Connor

“It’s time for our government to get serious about shared sacrifice.”
- Warren Buffett, NY Times Op-Ed August 15, 2011

Those high-minded and selfless words from one of the nation’s richest men inspired the Democrats’ latest push for higher taxes on job creators.  It also sounds like one of the creepy slogans chanted and repeated by the aromatic “Occupy Wall St” protesters when they decry corporate greed and the doomed capitalist system.

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URGENT: Violence Feared at #OccupyChicago: CTU Confirms Fithian, ‘Convergence’ Plan; Art Institute of Chicago Targeted?

Joel B. Pollak

[BigGovernment.com]

Posted Oct 10th 2011 at 11:55 am

by Joel B. Pollak

Plans Posted; Anarchists Arrive Prepared for Clashes

Big Government has learned that anarchist groups, led by Lisa Fithian and working with Democrats and unions on the ground in Chicago, intend forcibly to disrupt the Mortgage Bankers’ Association meeting at the Hyatt Regency Chicago and other locations this afternoon.

Violence is possible, as local police and security officers seem unprepared for a confrontation with thousands of activists converging on the Hyatt from multiple other staged demonstrations in Chicago.

Fithian, a veteran anarchist organizer who is widely credited with shutting down the World Trade Organization meeting in Seattle in 1999, has apparently arrived in Chicago after participating in the #OccupyWallStreet demonstration in New York.

According to Big Government sources, Fithian is currently training union leaders from the Service Employees’ International Union and the Teamsters Union in preparation for today’s demonstration. Her strategy may be to draw law enforcement officers to multiple protest sites, then to shift demonstrations suddenly to one central site.

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Lovely People…Obama Supporters Chant Against StL Tea Party: “F**ck All Y’All… F**k All Y’All” (Video)

Jim Hoft

[BigGovernment.com]

Posted Oct 5th 2011 at 8:37 am

by Jim Hoft

What lovely people.

Barack Obama’s supporters harassed and swore at the St. Louis Tea Party members Tuesday night in Forest Park.

His supporters chanted,
“F**k what y’all talkin about… F**k what y’all talkin about… F**k all y’all!… F**k all y’all!”
This comes from GeoJG:

Once again… Don’t expect the corrupt democrat-media complex to touch this story with a 10 foot pole.

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Obama Officials Defend Solar Loan to Bankrupt Firm as Emails Show Past Concerns

[FoxNews.com]

Published September 14, 2011

Obama administration officials on Wednesday defended a $528 million loan to a solar-panel company that went bankrupt this month, claiming the firm fell victim to global economic trends but that federal investment in alternative energy must continue.

The testimony came as Republican and Democratic lawmakers raised sharp questions about the decision that ultimately left taxpayers on the hook for millions, and as newly released emails show administration officials were raising doubts about the loan proposal to Solyndra months before it was finalized.

Rep. Fred Upton, R-Mich., said the program was “shrouded in secrecy and uncertainty,” questioning whether the loan represented “one bad bet” or the “tip of the iceberg.”

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Peace in our time: Obama to address Congress on jobs the day after GOP debate

HotAir.com

posted at 9:55 pm on August 31, 2011 by Allahpundit

Coming soon to a left-wing blog near you: “He caved again.”

And no, I’m not really joking about that. Check out the reactions from liberals Peter Daou and Brian Beutler. So much heart-ache.

Here is a statement from White House Press Secretary Jay Carney:

“Today, the President asked to address the Congress about the need for urgent action on the economic situation facing the American people as soon as Congress returned from recess. Both Houses will be back in session after their August recess on Wednesday, September 7th, so that was the date that was requested. We consulted with the Speaker about that date before the letter was released, but he determined Thursday would work better. The President is focused on the urgent need to create jobs and grow our economy, so he welcomes the opportunity to address a Joint Session of Congress on Thursday, September 8th and challenge our nation’s leaders to start focusing 100% of their attention on doing whatever they can to help the American people.”

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