Marxism Makes A Come Back: Obama Admits He Wants To Redistribute Wealth

A  plumber asks Obama what he’s going to do to help the economy out.  Obama  responds by saying he’s going to give people like him money that other people worked hard to earn.

Re-Distribution of wealth.  Buying of votes.  That my friends is how Democrats play this game.

From Flopping Aces:

One man in particular questioned Obama’s tax plan, telling him that he is about to buy a company that makes more than $250,000 a year.

“Your new tax plan is going to tax me more, isn’t it?” the man asked.

Obama responded by telling the voter that his business would get a 50% tax credit for health care, but that his taxes will go up from 36% to 39%.

“I want to give all these folks who are bus drivers, teachers, auto workers who make less, I want to give them a tax cut,” Obama explained.

The man wasn’t convinced, telling Obama that he has been a plumber for 15 years and doesn’t believe that he should be taxed more.

After explaining that the tax rate would be the same as under Bill Clinton and that 95% of Americans make less than $250,000, Obama made one last pitch to the voter.

“I’m gonna cut taxes a little bit more for the folks who are most in need and for the 5% of the folks who are doing very well – even though they’ve been working hard and I appreciate that – I just want to make sure they’re paying a little bit more in order to pay for those other tax cuts,” Obama said.

It’s not that I want to punish your success – I just want to make sure that everybody who is behind you – that they’ve got a chance at success too.

I don’t care how much lipstick you put on that pig, it’s still a pig and it stinks!  You get hosed under Obama’s tax plan for being successful.  Why even work hard anymore?  Just be like all the other losers that smoke crack, have a bajillion babies out of wedlock, and drop out of school.  But alas, fear not, the Obamessiah will rescue you and pay you for being a loser, afterall it is patriotic according to Joe Biden to pay taxes. (sarc)

How A Community Organizer From Chicago Helped Create A Global Economic Crisis

 

In Obama We Trust?

In Obama We Trust?

 

 

Presidential Wannabe Barack Obama is galavanting around the country telling anyone who will listen that the housing mortgage market collapsed primarily because of “Deregulation” that took place under George W. Bush and Bill Clinton.

From The Jawa Report v3.0:

 

The reality is that the housing market collapsed in large part because a coalition of race-baiting bullies brought very heavy pressure to bear on the banks to make more subprime loans on properties in low-income communities. Those who didn’t approve the risky subprime loans were accused of “redlining”–i.e., refusing to make loans on properties in those neighborhoods.

Who were these bullies?

Some of the bullies were out in Washington pounding the tables and screaming at bank executives about “redlining”.

At the same time, other bullies were stalking big city courthouses, filing frivolous and extortinate lawsuits against banks based on novel “disparate impact” theories of what might be held to constitute “redlining.” In other words, even banks which were making lots of loansin low-income communities were being sued if they weren’t approving just as many loans in low-income communities as they were in high-income communities.

Who were these mortgage extortionists?

Ragnar Danneskjold, Typical Bitter Gun-Clinger at the Jawa Report v3.0 has the rest of this fascinating story that outlines Obama’s role in this debacle and you can bet dollars to bagels that this story will never be reported by the Obamabots over at MSNBC.

 

The Soprano’s: Barack Obama’s In The Pocket Of The Mob?

October Surprise? 

Huge Story could be breaking soon on The Obamessia.

Wow, this just keeps getting better and better.  It’s looking like  Tony Rezko, an American political fundraiser, restaurateur, and real estate developer in Chicago, Illinois convicted on several counts of fraud and bribery in 2008. Rezko has been involved in fundraising for local Illinois Democratic and Barack Obama just recently had his sentencing delayed so he could roll over on some big names.  One of them appears to be the Democratic Messiah, Barack Obama who may be going down with Rezko and it’s looking like Obama may have to take back his “Hussein” moniker when he joins the Nation of Islam in whatever prison he goes to.

From Hillbuzz:

The Sun Times today gave a major clue that Barack Obama will indeed go down with Tony Rezko, sooner rather than later.  It looks as though Rezko is about to turn on Alexi Giannoulias, the 30-year old State Treasurer of Illinois (who was elected only because Obama backed him).

Here’s where all the clues are…and then we’ll walk you through the local Chicago politics on how today’s hint by the Sun Times has us convinced, for the first time ever, that prosecutor Patrick Fitzgerald could indeed send Barack Obama to jail.

We need to repeat that: we never believed, until now, that Obama would go to jail for anything related to Rezko. Today, this breaking news about what Rezko is singing to the Feds about makes us reconsider all of that.

Barack Obama will serve a prison sentence in the next few years — because knowing Fitzgerald, there is no reason he would be going through all of this if that was not the targeted goal in the long term.

The Chosen One has never said where that home loan came from, has he?  This is truly giving me hope.

From Ace of Spades HQ:

(3) So, Rezko is singing about the Giannoulias family and its longtime “business dealings” in Chicago, which would interest someone like Fitzgerald and the Justice Department, who have had a long ambition to crack Soprano-style business dealings in Chicago (the city known for Al Capone hasn’t changed much, really). The next plate to drop in this will be Fitzgerald then leaning on the Giannoulias family to give up someone bigger than them, who Fitzgerald once discussed in terms of hoping “he has the morals to do the right thing”, to paraphrase. We now believe that person Fitz was talking about is Barack Obama.

(4) The Giannoulias family was involved with Obama as far back as his first state senate campaign in 1996. It has been long rumored here in Chicago that Obama obtained a sweetheart deal on his first town home here in Chicago — which he could not have afforded otherwise — and guess who the financing came from for that house? We’ve been told it was Broadway Bank, the Giannoulias bank. Now, this sets up a scenario where the Giannoulias family helps Obama with his campaign finances and gets him deeper in their pocket with his sweetheart mortgage deal (for the first home he owned that he could not afford) – all in exchange for quid pro quo to be determined later.

(5) One favor political Chicago claims Obama did for the Giannoulias family was in 2006 when, out of the blue, 29 year old Alexi Giannoulias, with no experience, and without ever having voted before, decides to run for State Treasurer of Illinois. Also out of the blue, Barack Obama endorses Alexi Giannoulias for State Treasurer. This was a SHOCK to everyone in Chicago — and Giannoulias would have never become State Treasurer without Obama’s help. In political circles here, it has always been believed that this endorsement was bought years ago with that sweetheart mortgage deal Broadway Bank arranged for Obama to buy his town house.

SNL Rewrites Banned Bailout Skit: Could It Be George Soros Didn’t Approve?

Reports are out that the writers at Saturday Night Live are rewriting their Banned Bailout Skit because it didn’t meet their standards.  I can only imagine that the real reason was that it didn’t meet the approval of Barack Obama’s puppetmaster, George Soros who was one of the targets of the now banned skit.

From Michelle Malkin:

A “Saturday Night Live” skit that skewered President Bush, Democrats, homebuyers and subprime lenders for their roles in the mortgage meltdown was removed from the program’s website because it “didn’t meet out standards,” a spokesman for the show said Tuesday. An edited version of the skit will be re-posted online soon, the spokesman said.

The skit, a parody of a C-SPAN news conference, ridiculed subprime borrowers, housing speculators and Herbert and Marion Sandler, the real-life couple who built Golden West Financial into a subprime lending powerhouse and sold it to Wachovia before the subprime collapse. At one point in the skit, the Herb Sandler character says he made $24 billion off the subprime boom. Graphics then appear labeling the Sandlers as “People who should be shot.”

“Upon review, we caught certain elements in the sketch that didn’t meet our standards,” a spokesman for the program said in an E-mail message Tuesday. “We took it down and made some minor changes and it will be back online soon.”

 

Obama's Puppetmaster George Soros

Obama

I and many other Conservative Blogger who are concerned about the fact that the Liberal Left is doing everything possible to block Constitutionally guaranteed Free Speech in order to usher in their Messianic Era and have the Chosen One Barack Obama elected posted a blog entries including a link to view the Banned Video.  CLICK HERE to read that post and to find the link to the video.

Censorship by another name is Barack Obama!

Message to George Soros…..Consider yourself PWND Biotch!

It’s up and running for now, till the Obamedia manages to get it removed from YOUTUBE, here it is…

Pass it on to every person you know….Viral is where it’s at in 2008!

McCain Finally Puts His Boot Up Obama’s Fannie

After hemming and hawing over it, John McCain finally found his testicles and decided to join his running mate, Gov. Sarah Palin in attacking Obama on his involvement with the Fannie Mae/Freddie Mac debacle that tax payers are now having a gun held to our heads by the Democrats to pay for their stupidity.

From Michelle Malkin:

Our current economic crisis is a good case in point. What was his actual record in the years before the great economic crisis of our lifetimes?

This crisis started in our housing market in the form of subprime loans that were pushed on people who could not afford them. Bad mortgages were being backed by Fannie Mae and Freddie Mac, and it was only a matter of time before a contagion of unsustainable debt began to spread. This corruption was encouraged by Democrats in Congress, and abetted by Senator Obama.

Senator Obama has accused me of opposing regulation to avert this crisis. I guess he believes if a lie is big enough and repeated often enough it will be believed. But the truth is I was the one who called at the time for tighter restrictions on Fannie Mae and Freddie Mac that could have helped prevent this crisis from happening in the first place.

Senator Obama was silent on the regulation of Fannie Mae and Freddie Mac, and his Democratic allies in Congress opposed every effort to rein them in. As recently as September of last year he said that subprime loans had been, quote, “a good idea.” Well, Senator Obama, that “good idea” has now plunged this country into the worst financial crisis since the Great Depression.

To hear him talk now, you’d think he’d always opposed the dangerous practices at these institutions. But there is absolutely nothing in his record to suggest he did. He was surely familiar with the people who were creating this problem. The executives of Fannie Mae and Freddie Mac have advised him, and he has taken their money for his campaign. He has received more money from Fannie Mae and Freddie Mac than any other senator in history, with the exception of the chairman of the committee overseeing them.

Did he ever talk to the executives at Fannie and Freddie about these reckless loans? Did he ever discuss with them the stronger oversight I proposed? If Senator Obama is such a champion of financial regulation, why didn’t he support these regulations that could have prevented this crisis in the first place? He won’t tell you, but you deserve an answer.

I have to wonder just how badly does McCain want to win this?  I’ve heard rumors that he refuses to make the Obama’s pastor Jeremiah Wright an issue out of fear of being called a racist.  He needs to realize that no matter what he says and does, that is all the Obama campaign has to fall back on is his race.  They cannot fight the fact that Obama was associated with Terrorists who bombed the Pentagon, his obvious racist views of America as depicted to him for over 20 years as a member of a congregation that Preached racial hatred, or simply the fact that Obama has no record to run on, no leadership background in government.  The thinnest presidential resume in history!

My mother use to have a saying when I was young….”Behind every good man stands a good woman, telling him what to do”  I have a feeling that good woman is Sarah Palin.

Democrats Duck Responsibility Thanks To MSM

The Democrats dominant role in this whole financial boondoggle is being covered up by none other then the Mainstream Media now known as “The Obamedia” for their obvious bias and dedication to their Lord & Savior Barack Obama.

From Michelle Malkin:

On Sunday, October 5th, the St. Louis Post-Dispatch ran a front page article attacking Missouir’s senior Republican senator, titled “Bond’s tough talk on Fannie, Freddie rings hollow to some.” The article was authored by Deirdre Shesgreen, of the Post-Dispatch’s Washington Bureau. (Title’s been changed. Article is here.) The article takes Missouri Republican Senator Christopher “Kit” Bond to task for having a cozy relationship with Fannie Mae and Freddie Mac.

In a hit piece that should not come as much of a surprise to anyone who reads the St. Louis newspaper, the article does allude to possible wrong doing of one Democrat, but focuses their ire on Bond, by stating;

“Sen. Christopher Dodd, D-Conn., chairman of the Senate Banking Committee, which oversees the two firms, ranks No. 1, collecting more than $165,000.Bond is No. 8; his campaign committee has taken in more than $95,000 since 1989, the center’s tally shows. Bond said the donations never influenced his decisions.”

The Post-Dispatch didn’t feel it was necessary for its readers to know that the No. 2 recipient of donations was one Senator Barack Obama, who brought in $126,349, or that John Kerry was No. 3, bringing in a total of $111,000.

The weekend Post also carried a Business section column by David Nicklause, on “Economy drowns in seas of excess liquidity and cronyism,” stating that “Republicans, meanwhile, have favorite myths of their own. One is to blame the subprime mortgage crisis on speculators, those greedy folks who flipped Florida condos for profit or took out “liar loans” on houses they knew they couldn’t afford.”

The column continues on a back page, under the heading; “Don’t forget that capitalism is based on greed.”

It would have been nice if they had told us what socialism was based on, as well.

Barack Obama, Barney Frank and their Liberal Friends in Congress have benefited greatly from this whole mess.  Not only have Fannie Mae and Freddie Mac executives lined their pockets with generous amounts of cash, and this whole fiasco is something Obama and his campaign have been praying for.  They are hoping that this crisis will payoff for them politically.  This bailout is a Socialists dream come true and a tanking economy not only gives the image of defeat to our enemies but give hope to them that Obama will win in November.  Execs from these failed companies are advising Obama on his campaign. 

A Democrat accept responsibility for wrong doing?  We’re still waiting for Ted Kennedy to come clean on his vehicular manslaughter of a innocent woman one drunken evening, so I don’t suspect it will happen soon.

 

 

The Democrats Form Their Own Nigerian Scam

The loons call it a bailout, I call it a scam, similar to the Nigerian 411 scam that everyone with an email address has received one of the letters at one time or another.  Out of greed or stupidity, some people have actually responded to these letters and lost their personal fortunes.  The most un-ethical congress is now scamming the American people and out of greed our stupidity, we fell for it!

From Doug Ross:

SUBJECT: REQUEST FOR URGENT BUSINESS RELATIONSHIP

DEAR AMERICAN:

I NEED TO ASK YOU TO SUPPORT AN URGENT SECRET BUSINESS RELATIONSHIP WITH A TRANSFER OF FUNDS OF GREAT MAGNITUDE.

I AM MINISTRY OF THE TREASURY OF THE REPUBLIC OF AMERICA. MY COUNTRY HAS HAD CRISIS THAT HAS CAUSED THE NEED FOR LARGE TRANSFER OF FUNDS OF 800 BILLION DOLLARS US. IF YOU WOULD ASSIST ME IN THIS TRANSFER, IT WOULD BE MOST PROFITABLE TO YOU.

I AM WORKING WITH MR. CHRISTOPHER DODD, MILLIONAIRE SENATOR, WHO WILL BE MY REPLACEMENT AS MINISTRY OF THE TREASURY IN JANUARY. AS A SENATOR, YOU MAY KNOW HIM AS LEADER OF THE AMERICAN BANKING DEREGULATION MOVEMENT IN THE NINETIES. THIS TRANSACTION IS 100% SAFE.

THIS IS A MATTER OF GREAT URGENCY. WE NEED A BLANK CHECK. WE NEED THE FUNDS AS QUICKLY AS POSSIBLE. WE CANNOT DIRECTLY TRANSFER THESE FUNDS IN THE NAMES OF OUR CLOSE FRIENDS BECAUSE WE ARE CONSTANTLY UNDER SURVEILLANCE. MY FAMILY LAWYER ADVISED ME THAT I SHOULD LOOK FOR A RELIABLE AND TRUSTWORTHY PERSON WHO WILL ACT AS A NEXT OF KIN SO THE FUNDS CAN BE TRANSFERRED.

PLEASE REPLY WITH ALL OF YOUR BANK ACCOUNT, IRA AND COLLEGE FUND ACCOUNT NUMBERS AND THOSE OF YOUR CHILDREN AND GRANDCHILDREN TO WALLSTREETBAILOUT@TREASURY.GOV SO THAT WE MAY TRANSFER YOUR COMMISSION FOR THIS TRANSACTION. AFTER I RECEIVE THAT INFORMATION, I WILL RESPOND WITH DETAILED INFORMATION ABOUT SAFEGUARDS THAT WILL BE USED TO PROTECT THE FUNDS.

YOURS FAITHFULLY MINISTER OF TREASURY PAULSON

I really don’t know whether to laugh or cry about this…

Burning Down The House: What Caused Our Economic Crisis?

Wanna see who really started this financial mess our nation is in?  The Dumbocrats are going to have a hard time rewriting history on this fiasco.

I hear the moonbats are in vapor lock over this video and are hoping the MSM will completely ignore where the responsibility lies in this mess.

Barack Obama Has His Fannie Handed To Him By McCain

Looks like Obama is having his “Fannie” handed to him by Team McCain.  

Here is a new ad by the McCain/Palin campaign that points out Obama’s connections to Fannie Mae CEO’s and his utter ignorance in Financial Policy.

Obama has no background in economics. Who advises him? The Post says it’s Franklin Raines, for “advice on mortgage and housing policy.”

Shocking.

Under Raines, Fannie Mae committed “extensive financial fraud.” Raines made millions. Fannie Mae collapsed.

Taxpayers? Stuck with the bill.

Barack Obama. Bad advice. Bad instincts. Not ready to lead.

From Hot Air:

Team McCain knows that this will be a big problem for voters looking for a change in Washington.  Raines, and Obama’s other Fannie Mae advisor Jim Johnson, are exactly the kind of CEOs and big shots that Obama usually demonizes on the campaign trail.  They took exorbitant salaries and ran Fannie into the ground.

Here are a few articles of interest about Raines from the Washington Post:

  • March 2005: Perverse executive pay forced Raines out of his job.
  • May 2006: Extensive fraud at Fannie Mae under Raines’ direction, generating over $50 million in bonuses for nonexistent growth.
  • April 2008: Raines gives up $24 million in future payouts to avoid criminal charges in Fannie Mae fraud, although most of that was in worthless options; he pays $2 million in cash.
  •  McCain/Palin needs to keep up the momentum on this issue and continue to hit Obama & the Democrats hard, fast & frequently on the collapse of Fannie & Freddie.

    McCain Gives Obama’s Fannie A Good Spanking

    Obama has been out and about trying to re-write history yet again and trying to redirect anger toward Republicans for the current financial fiasco that was enabled by none other then Obama and Friends, but McCain is stepping up to the plate and pinning the tail of blame on the real donkey here.

    From Michelle Malkin:

    John McCain today in Cedar Rapids, IA, said Barack Obama has done nothing to help the nation avert fiscal crisis:

    “Senator Obama talks a tough game on the financial markets but the facts tell a different story. He took more money from Fannie and Freddie than any Senator but the Democratic chairman of the committee that regulates them. He put Fannie Mae’s CEO who helped create this disaster in charge of finding his Vice President. Fannie’s former General Counsel is a senior advisor to his campaign. Whose side do you think he is on? When I pushed legislation to reform Fannie Mae and Freddie Mac, Senator Obama was silent. He didn’t lift a hand to avert this crisis.”

    While the leaders of Fannie and Freddie were lining the pockets of his campaign, they were sowing the seeds of the financial crisis we see today and enriching themselves with millions of dollars in payments. That’s not change, that’s what’s broken in Washington.

    Obama is busy passing gas about how Washington, particularly the Republicans failed Americans on housing/finance policy, and castigating McCain for adhering to “an economic philosophy that has completely failed,” but how seriously we can take The Chosen One on this issue when he’s taking advice from a man who is at the very heart of what went wrong at Fannie Mae?

    BTW, Franklin Raines, who fled like a felon in the night from Fannie Mae in the shadow of a $6.3 billion accounting scandal, is now a housing policy adviser to Barack Obama.

    Barack Obama has accepted more then $100,000 from Fannie Mae and Freddie Mac in less than 4 years.  He is the second highest recipient of funds from these two institutions.

    My prediction is that Obama will throw Raines under the bus with everyone else who has become a political liability for the Messiah’s rise to power.