Posts Tagged ‘Crowley’

Corrupt Financier Bernard Madoff Supported Democrats

October 6, 2009

Take a gander at king of thieves Bernard Madoff’s political contributions.  Then explain to me how the Republican Party is the party of greed.

The top three donations to the Democrats all dated 03/18/09, by the way, are in fact three separate donations (totaling over $75,00).

Contributor Candidate or PAC Amount Date FEC Filing
MADOFF, BERNARD L
NEW YORK, NY 10022
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $-25,000
primary
03/18/09
MADOFF, BERNARD L
NEW YORK, NY 10022
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $-25,000
primary
03/18/09
MADOFF, BERNARD L
NEW YORK, NY 10022
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $-25,000
primary
03/18/09
MADOFF, BERNARD L
NEW YORK, NY 10022
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $-25,000
primary
03/18/09
Madoff, Bernard L. Mr.
New York, NY 10021
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION POLITICAL ACTION COMMITTEE $-10,000
primary
02/27/09
MADOFF, BERNARD L
NEW YORK, NY 10022
BERNARD L. MADOFF INVEST.-SEC./CHAI
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $25,000
primary
09/12/08
Madoff, Bernard L. Mr.
New York, NY 10021
Bernard L. Madoff Investment Securi
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION POLITICAL ACTION COMMITTEE $5,000
primary
08/20/08
MADOFF, BERNARD
NEW YORK, NY 10022
SELF EMPLOYED/INVESTOR
MERKLEY, JEFFREY ALAN (D)
Senate – OR
JEFF MERKLEY FOR OREGON
$2,300
primary
04/24/08
Madoff, Bernard L.
New York, NY 10021
SAUL, ANDREW MARSHALL (R)
House (NY 19)
SAUL FOR CONGRESS INC
$-2,300
primary
12/05/07
Madoff, Bernard L
New York, NY 10021
Bernard Madoff Investment/Chairman
LAUTENBERG, FRANK R (D)
Senate – NJ
LAUTENBERG NJ VICTORY COMMITTEE
$300
primary
07/20/07
Madoff, Bernard L
New York, NY 10021
Bernard Madoff Investment/Chairman
LAUTENBERG, FRANK R (D)
Senate – NJ
LAUTENBERG NJ VICTORY COMMITTEE
$5,000
primary
07/20/07
Madoff, Bernard L
New York, NY 10021
Bernard Madoff Investment/Chairman
LAUTENBERG, FRANK R (D)
Senate – NJ
LAUTENBERG NJ VICTORY COMMITTEE
$2,300
primary
07/20/07
Madoff, Bernard L.
New York, NY 10021
Bernard L. Madoff Investment/Chairm
SAUL, ANDREW MARSHALL (R)
House (NY 19)
SAUL FOR CONGRESS INC
$2,300
primary
07/10/07
Madoff, Bernard L Mr.
New York, NY 10021
Bernard L. Madoff Investment Securi
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION POLITICAL ACTION COMMITTEE $5,000
primary
05/24/07
MADOFF, BERNARD L
NEW YORK, NY 10022
BERNARD L. MADOFF INVEST.-SEC./CHAI
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $25,000
primary
05/04/07
Madoff, Bernard L Mr.
New York, NY 10021
Bernard L. Madoff Investment Securi
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION FUND A $5,000
primary
10/17/06
MADOFF, BERNARD L
NEW YORK, NY 10022
BERNARD L. MADOFF INVEST. SEC./CHAI
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $25,000
primary
09/30/06
Madoff, Bernard L Mr.
New York, NY 10021
Bernard L. Madoff Investment Securi
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION FUND A $5,000
primary
09/22/05
MADOFF, BERNARD L
NEW YORK, NY 10021
BERNARD L MADOFF INVEST SEC
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $25,000
primary
05/09/05
Madoff, Bernard
New York, NY 10021
Madoff Investments/Chairman
MATHESON, JAMES (D)
House (UT 02)
MATHESON FOR CONGRESS
$250
general
10/18/04
Madoff, Bernard L
New York, NY 10021
FROST, MARTIN (D)
House (TX 32)
MARTIN FROST CAMPAIGN COMMITTEE
$250
general
10/15/04
Madoff, Bernard
New York, NY 10021
Self-employed/Banker
HOOLEY, DARLENE (D)
House (OR 05)
HOOLEY FOR CONGRESS
$250
general
10/15/04
MADOFF, BERNARD L
NEW YORK, NY 10021
BERNARD L MADOFF INVESTMENTS
SCHUMER, CHARLES E (D)
Senate – NY
FRIENDS OF SCHUMER
$1,000
general
08/18/04
MADOFF, BERNARD L
NEW YORK, NY 10021
BERNARD L MADOFF INVESTMENTS
SCHUMER, CHARLES E (D)
Senate – NY
FRIENDS OF SCHUMER
$1,000
primary
08/18/04
Madoff, Bernard L Mr.
New York, NY 10021
Madoff (Bernard L.) Investment Secu
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION FUND A $5,000
primary
07/08/04
Madoff, Bernard L
New York, NY 10021
Madoff Investments/Chairman
MARKEY, EDWARD J MR. (D)
House (MA 07)
MARKEY COMMITTEE, THE
$2,000
primary
06/17/04
Madoff, Bernard L
New York, NY 10021
Madoff Investments/Chairman
MARKEY, EDWARD J MR. (D)
House (MA 07)
MARKEY COMMITTEE, THE
$2,000
general
06/17/04
MADOFF, BERNARD
NEW YORK, NY 10021
BERNARD MADOFF INVESTMENTS
LAUTENBERG, FRANK R (D)
Senate – NJ
LAUTENBERG FOR SENATE
$1,000 02/18/04
Madoff, Bernard L
New York, NY 10021
Bernard L Madoff/Chairman
GEPHARDT, RICHARD A (D)
President
GEPHARDT FOR PRESIDENT INC.
$2,000
primary
09/23/03
MADOFF, BERNARD
NEW YORK, NY 10021
BERNARD MADOFF INVESTMENTS
WYDEN, RONALD LEE (D)
Senate – OR
WYDEN FOR SENATE
$2,000
general
03/25/03
MADOFF, BERNARD
NEW YORK, NY 10021
BERNARD MADOFF INVESTMENTS
WYDEN, RONALD LEE (D)
Senate – OR
WYDEN FOR SENATE
$2,000
primary
03/25/03
MADOFF, BERNARD L
NEW YORK, NY 10021
BERNARD L MADOFF INVESTMENTS
SCHUMER, CHARLES E (D)
Senate – NY
FRIENDS OF SCHUMER
$1,000
general
04/08/02
MADOFF, BERNARD L
NEW YORK, NY 10021
BERNARD L MADOFF INVESTMENTS
SCHUMER, CHARLES E (D)
Senate – NY
FRIENDS OF SCHUMER
$1,000
primary
04/08/02
Madoff, Bernard L.
New York, NY 10022
Bernard L. Madoff P.C./Chairman
RANGEL, CHARLES B (D)
House (NY 15)
RANGEL FOR CONGRESS
$1,000
primary
08/30/01
MADOFF, BERNARD
NEW YORK, NY 10022
BERNARD L MADOFF INVESTMENT SECURIT
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION FUND A $2,000
primary
11/03/00
MADOFF, BERNARD L
NEW YORK, NY 10021
BERNARD MADOFF INVESTMENT SEC
FOSSELLA, VITO (R)
House (NY 13)
COMMITTEE TO RE-ELECT VITO FOSSELLA
$1,000
primary
04/20/00
MADOFF, BERNARD L
NEW YORK, NY 10021
BERNARD MADOFF INC
OBEY, DAVID R. (D)
House (WI 07)
A LOT OF PEOPLE FOR DAVE OBEY
$1,000
primary
03/10/00
MADOFF, BERNARD
NEW YORK, NY 10022
CHAIRMAN
CLINTON, HILLARY RODHAM (D)
Senate – NY
HILLARY RODHAM CLINTON FOR US SENATE COMMITTEE INC
$1,000
primary
01/13/00
MADOFF, BERNARD
NEW YORK, NY 10022
BERNARD L MADOFF INVESTMENT SECURIT
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION FUND A $2,000
primary
12/20/99
MADOFF, BERNARD
NEW YORK, NY 10022
BERNARD L MADOFF INVESTMENT SECURIT
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION FUND A $2,000
primary
12/20/99
MADOFF, BERNARD
NEW YORK, NY 10021
MADOFF SECURITIES
CORZINE, JON S (D)
Senate – NJ
CORZINE 2000 INC
$1,000
primary
08/24/99
Madoff, Bernard Mr.
New York, NY 10021
Bernard Madoff Investment Securitie
BRADLEY, BILL (D)
President
BILL BRADLEY FOR PRESIDENT INC
$1,000
primary
04/26/99
MADOFF, BERNARD L
NEW YORK, NY 10021
BERNARD L MADOFF INVESTMENT SECURIT
SCHUMER, CHARLES E (D)
Senate – NY
VICTORY IN NEW YORK
$1,000
primary
10/30/98
MADOFF, BERNARD L
NEW YORK, NY 10022
BERNARD L MADOFF PC
RANGEL, CHARLES B (D)
House (NY 15)
RANGEL FOR CONGRESS
$1,000
general
10/23/98
MADOFF, BERNARD L
NEW YORK, NY 10021
SELF-EMPLOYED
D’AMATO, ALFONSE M (R)
Senate – NY
FRIENDS OF SENATOR D’AMATO (1998 COMMITTEE)
$1,000
general
09/21/98
MADOFF, BERNARD
NEW YORK, NY 10022
CROWLEY, JOSEPH (D)
House (NY 07)
CROWLEY FOR CONGRESS
$-500
primary
08/26/98
MADOFF, BERNARD
NEW YORK, NY 10022
BOND BROKER
CROWLEY, JOSEPH (D)
House (NY 07)
CROWLEY FOR CONGRESS
$500
primary
08/04/98
MADOFF, BERNARD
NEW YORK, NY 10021
SCHUMER, CHARLES E (D)
Senate – NY
SCHUMER ’98
$-300
primary
06/29/98
MADOFF, BERNARD L
NEW YORK, NY 10022
BERNARD L MADOFF INVESTMENT SECURIT
SCHUMER, CHARLES E (D)
Senate – NY
SCHUMER ’98
$1,000
general
05/22/98
MADOFF, BERNARD L
NEW YORK, NY 10022
BERNARD L MADOFF INVESTMENT SECURIT
SCHUMER, CHARLES E (D)
Senate – NY
SCHUMER ’98
$1,000
primary
05/22/98

When you take a look at who the nation’s biggest scumbags and crooks actually support, it should set to rest the lie that the Republican Party is the party that advanced these people’s greedy self-interests.

Take a look at Norman Hsu, who was a major Democrat fundraiser – and a major Democrat scumbag.  Take a look at Hassan Nemazee.  The Democrats have all sorts of slimeballs who make Jack Abramoff – as bad as he was – look like a chump change operator.

And you maintain that the REPUBLICANS are the party of greed and fraud?  And you want to give DEMOCRATS total power to control everything?  We’re about to see that actions have consequences.

Take a look at your corrupt new Chicago president.  Senator Barack Obama was the largest single recipient of corrupt and collapsed Fannie Mae campaign contributions over the last 20 years – even though he had only been in the Senate for four of those 20 years.  There is no question that Fannie Mae was at the epicenter of the subprime mortgage disaster (see here for a concise summary of the AEI article) that created the financial meltdown in 2008.  Even the liberal Newsweek acknowledges that “Fannie Mae defanged laws that could have prevented the subprime mess.”  And how did they do that?  By supporting lawmakers like Barack Obama who took their side.

Conservatives repeatedly tried – to no avail in the face of united Democrat opposition – to stop the monster (that Democrats supported, and received support from) from growing and then collapsing and taking the economy along with it.

Now Democrats are on their way to rebuilding the monster so that we can have another collapse down the road.

Obama was also right at the head of the line in campaign handouts from corrupt and collapsed Wall Street player Lehman Brothers.  Lehman Bros. was one of the worst players in the subprime game that made them so much money before exploding – and imploding the economy.

Obama had all sorts of “subprime buddies.” Obama was getting huge money from all of the very worst of the worst Wall Street players who brought us down.  You should seriously take a look at all the greedy and Wall Street entities and executives who piled money into Obama’s hands and ask yourself why they funded him.

Democrats are yelling for regulations as the “solution” to the problems caused by the free market.  But before you fall for that load of malarkey, just realize that Fannie Mae and Freddie Mac were Government Sponsored Enterprises (GSEs) – and fell under the direct oversight of the government.  The reason Democrats want to have so much authority over the economy is so they can benefit from all the cozy and profitable relationships that accrue from the finance world coming to politicians for special treatment favors.

Did Barney Frank’s regulatory oversight over Fannie Mae and Freddie Mac stop their collapse?  Hardly.  In 2003, when George Bush first tried to create regulations that may well have prevented the 2008 collapse, Barney Frank represented the overwhelming Democrat opposition when he said:

”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

And just before Fannie and Freddie – which controlled half of the nation’s total mortgages – collapsed, Barney Frank (who had direct authority over the GSEs as Chairman of the House Financial Services Committee) said:

REP. BARNEY FRANK, D-MASS.: “I think this is a case where Fannie and Freddie are fundamentally sound, that they are not in danger of going under. They’re not the best investments these days from the long-term standpoint going back. I think they are in good shape going forward.”

You can watch Democrats fiddling while Rome burned on Youtube:

The Democrats’ “regulations” amounted to the foxes being put in charge of keeping the chickens safe.

And we’re currently seeing an explosion of frankly quasi-fascist interrelated influence between the White House and giant Wall Street entities under the president who has been bought and sold by the same people who destroyed the economy.

If you want the truth today, you have to go out and seek it.  Because the media today is as dishonest and as much of a propaganda tool for Democrats as TASS and Pravda used to be for the Union of Soviet Socialist Republics.

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Obama’s Plunging Polls Correspond To America’s Plunging Economy

July 31, 2009

President Obama’s biggest calender item yesterday was his scheduled “having a beer” with his good friend Henry Louis Gates and the man that both Gates (directly) and Obama (indirectly) called a racist, Sgt. James Crowley.  By sitting down for a beer, Obama was attempting to turn the giant turd he laid at his fourth prime time news conference in six months (which is how many George Bush gave in 8 entire YEARS btw) into a gold-plated turd.

I hope the three men clink their glasses to Obama’s plummeting poll numbers and America’s plummeting economy while they pondered why ‘Skip’ Gates is such a bigot and why Barry Obama acted so stupidly by claiming the Cambridge police “acted stupidly.”

Rasmussen has Obama at a -12 approval rating measuring the difference between those who strongly approve and those who strongly disapprove of his presidency; and he is now at only 48% approval – a far cry from his halcyon days of being in the high 60s.  Only 34% of likely voters think the country is headed in the right direction.  And 49% believe America’s best days have come and gone, versus only 38% who think the country will improve.

The hope that once swelled the hearts of Obama voters is fading fast – especially in the swing states he needs to win to have any chance at either future re-election or even current relevance.  “Hope and change” now means, “I hope I still have some change left in my pocket at the end of the month.”

As U.S. recession bites, Ohio hopes fade for Obama
Thu Jul 30, 2009 11:12am EDT
By Nick Carey

TOLEDO, Ohio (Reuters) – Hope and jobs are in short supply in Ohio eight months after President Barack Obama won the recession-battered state in the 2008 election with promises of a better future.

“People were looking for a savior to get us out of this mess and that’s why they voted for Obama,” said Jeff Fravor, 55, a retired train conductor on his way to breakfast on the outskirts of Toledo.

“I’ve nothing against Obama personally, but he’s new to the job and ‘hope’ won’t fix this mess.”

Candidate Obama delivered his message over and over again in Ohio, a politically diverse battleground state that often decides presidential elections. Obama went back to the state last week with an approval rating below 50 percent.

A Quinnipiac University opinion poll released on July 7 showed the Democratic president’s popularity in America’s seventh most populous state had fallen to 49 percent from 62 per cent in May. Even worse for Obama, 48 percent said they disapproved of his handling of the U.S. economy, with 46 percent approving.

The reason for the poll drop? Rising unemployment.

The downturn has pummeled Ohio’s manufacturing base.

“As jobs have gone away, that has created a true focus here on job creation,” said Andrew Doehrel, head of the Ohio Chamber of Commerce. “People look at what’s been done on a federal level in terms of bailouts and stimulus and they see that this has not equated to anything more than lost jobs in Ohio.”

Ohio has not been the state hardest hit by the U.S. recession that began in December 2007, but it is not far off.

Unemployment in the state of 11.5 million people reached 11.1 percent in June, compared with the national rate of 9.5 percent, making it the seventh highest rate in the country. Michigan was first with a rate of 15.2 percent.

TWICE THE UNEMPLOYMENT

Ohio’s unemployment has nearly doubled from 5.7 percent in January 2008. That is not a good start for Obama in a state with 20 electoral votes that could be vital for his re-election effort in 2012.

“It’s not a surprise Obama’s numbers have fallen here and they’ll continue to go down as long as jobs keep being lost here,” said Jim Rokakis, treasurer for Cuyahoga County, which includes Cleveland where unemployment hit 10.1 percent in June. “Americans always want a quick fix to problems, but they are going to relearn patience this time round.”

Toledo in northwest Ohio has been especially hard hit by the recession, in particular because of the auto industry-related plants that dot the area.

“Obama set expectations too high here and six months later, things haven’t got better, so some people are losing hope,” said John Johnson, branch manager of the Southeastern Container Inc plant in nearby Bowling Green, which makes plastic bottles for Coca-Cola Co..

Johnson said he had to turn away qualified workers from auto-related plastic companies seeking work. “When people are out of work for a long time, they become very impatient.”

Unemployment hit 14.2 percent in June in Toledo, a city of about 315,000 people. Many of the roads in and out of the city are in a poor state of repair and many downtown stores have closed down. Manufacturing brought the city wealth, so plant closures have taken a heavy toll.

‘DEPRESSION’

“We’re not just in a recession here, it’s a depression,” said Toledo Mayor Carty Finkbeiner. “This downturn has left Ohioans wondering if we’ve lost our place in the sun.”

According to a midyear survey from real estate service company CB Richard Ellis Reichle Klein, Toledo’s retail vacancy rate hit a record level of 14.6 percent.

“Everybody is having a hard time just existing right now,” said Bob Shelley, 72, who runs Shelley Rubber Stamp & Sign Inc for his father in downtown Toledo. “All businesses have been hit, so everybody’s giving everybody a break right now.”

Shelley said he felt Obama had an overcrowded agenda.

“He’s trying to satisfy everyone at once and he’s trying to rush everything through Congress,” he said. “But if you rush like that, you’re bound to make mistakes.”

Angie Carter, 32, a market research analyst in downtown Toledo, said she voted for Obama and he just needed time.

“This is a recession and we live in a manufacturing state,” she said on a cigarette break. “It’s going to take time to turn it around.”

When touting his $787 billion stimulus package earlier this year, Obama cautioned that a recovery would take time.

The president also has time to recover in Ohio if jobs come back. Aware of its importance, he was there last week to tout his healthcare plans. The last candidate who won Ohio but lost the election was Republican Richard Nixon in 1960.

Rokakis said Obama’s speech in Cleveland on July 23 was no accident.

“Obama is a smart man and he knows how important Ohio is,”

The article portrays Obama as having said that recovery would take time under his stimulus.  It fails to mention that the Obama administration – in pushing the failed stimulus package through Congress – predicted that unemployment would rise no higher than 8% if his stimulus passed.

As bad as things are now, there is no realistic reason to believe they will get better.  Meredith Whitney, the Wall Street analyst who gained much credibility in predicting the mortgage meltdown, is predicting unemployment will rise to 13% or higher.

The date for a housing market recovery stretches to 2015.

Obama’s deficits are soaring to stunning levels.  Back in March the Congressional Budget Office estimated that Obama’s “huge annual budget deficits that would force the nation to borrow nearly $9.3 trillion over the next decade — $2.3 trillion more than the president predicted when he unveiled his budget request just one month ago.” And that mindbogglingly ginormous figure doesn’t include the trillion plus hole we would dig passing Obama’s health care plan.

As the Wall Street Journal’s Michael Boskin puts it:

Mr. Obama’s $3.6 trillion budget blueprint, by his own admission, redefines the role of government in our economy and society. The budget more than doubles the national debt held by the public, adding more to the debt than all previous presidents — from George Washington to George W. Bush — combined.”

Obama has blamed President Bush for the deficits, but not only has he racked up far more debt than did Bush, but as a Senator Obama actually voted for the very Bush-budget that Obama is now blaming on Bush – including the $700 billion TARP bailout.

It is also worth knowing that the federal government has exposed itself to $23.7 trillion in risks with its bailouts since TARP (which is turning out to be a thinly disguised anagram for “TRAP”).

Those massive deficits guarantee future economic pain, but recent developments are beginning to show that our future pain may already be here right now:

Weak Treasury Auctions Raise Worries About US Debt Burden
By: Reuters     Wednesday, 29 Jul 2009

The U.S. Treasury sold $39 billion in five-year debt Wednesday in an auction that drew poor demand, raising worries over the cost of financing the government’s burgeoning budget deficit.

It was the second lackluster showing in as many days,  convincing analysts that the stellar results of debt auctions just a few weeks ago were a fluke and that Thursday’s $28 billion seven-year offering could suffer a similar fate.

Under the weight of the ballooning deficit, the government has raised auction volumes and analysts now wonder whether the strain on the market is showing.

“Obviously everyone is inferring that tomorrow’s won’t be good either,” said James Combias, head of government bond trading at Mizuho Securities USA in New York. “Maybe you will see more interest tomorrow but I think the increase in the auctions and the size of them may be starting to have an effect. These are very large auctions.”

We are witnessing a terrifying unfolding scenario in which “Interest due on the debt could easily be $1 trillion toward the end of the next decade.”

Like the Texas Hold’em player who pushes every last dime into the center of a poker table, the federal government is now “all in” with its commitment to push the national debt to 50% of GDP. The Congressional Budget Office believes that the Treasury will have to borrow nearly $2 trillion this year. None of that is new news, but what is beginning to emerge is a picture of a government which has narrowed its options for improving the economy down to one. Either GDP turns sharply up next year or the deficit will become an unmanageable burden. The Treasury will have to default on interest payments if sharply raising taxes in 2010 and 2011 does not bring IRS receipts to historic highs. That would not appear to be likely with unemployment moving toward 10% and American corporate earnings badly crippled.

You may not know it, but your government under Obama has gambled this country’s future – and gambled poorly.  Obama believed his $787 billion stimulus – which was actually scored by the CBO to be $3.27 trillion – would stimulate big, but it has been a total dud.  And as we continue to pile on debt on top of debt on top of debt, and combine that with continuing high unemployment and low economic output, the result is insolvency and doom.  And it is already beginning to rush toward us like an enraged Kodiak bear.

Some are pointing at the seemingly recovering Dow Index to argue that the worst is behind us and that we are on the road to recovery.  As reported by Reuters:

No Economic Recovery in Sight, Only Inflation
Mon May 11, 2009 9:01am EDT

FORT LEE, N.J., May 11 /PRNewswire-USNewswire/ — The National Inflation Association yesterday released the following statement to its http://inflation.us members:

“Wall Street would like you to believe that the Dow Jones’ recent 33% rally from March’s low is due to improving economic fundamentals, but it is our belief this rally is due to nothing but inflation.

“Jobs data released on Friday shows that U.S. employers cut 539,000 jobs in April, the fewest since October. However, these numbers were artificially strong due to the U.S. government increasing their payrolls by 72,000, which included the hiring of about 60,000 temporary workers in preparation for the 2010 census.

“Government jobs are non-productive jobs that normally get paid for by taxpayers. However, because the U.S. already has a huge budget deficit with tax revenues likely to decline substantially, these jobs will be paid for through inflation. An increase in government jobs is not a sign that the economy is improving, but only a sign that we are digging our economy into a deeper hole that will ultimately lead to the U.S. dollar collapsing.

“Even Warren Buffett, who is a huge supporter of Obama and has defended his economic policies, said last week that with political leaders showing little inclination to raise taxes, the only way to pay for excess spending will be by inflating the currency and shrinking the value of the dollar.

The worst of the recession is not behind us. Nominally, anything can happen to the Dow Jones. If the Federal Reserve prints enough money, the Dow Jones could go back to 14,000, but it won’t mean anything if it costs $2,000 to fill your refrigerator with groceries.

Obama’s spending has put us into a genuine crisis: we are now in a situation where any recovery will be immediately followed by sharp increases in inflation, unless government either sharply raise taxes across the board (which will undermine the economy) or unless they sharply raise interest rates (which will also undermine the economy).  Both options are politically unacceptable.

You’d better be thinking about getting a wheelbarrow, because you’re eventually going to need to one to bring enough cash to the grocery store to buy your daily bread.

That was my long-winded way of saying that Obama’s polls are likely to drop to the point where angry villagers armed with pitchforks and torches start storming Castle Obamastein as the economy drops right along with his popularity by the end of his one-term presidency.

911 Caller In Gates Case Gets Death Threats As ‘Racist’: But Who Are The REAL Racists?

July 30, 2009

It is genuinely sad.  The woman who tried to help by stopping a possible crime ends up receiving death threats and denounced as a racist.

The now-demonized 911 caller never even mentioned the race of the men until she was ASKED by the 911 operator:

911: Were they white, black or Hispanic?

Whalen: Umm, well there were two larger men, one looked kind of Hispanic but I’m not really sure. And the other one entered and I didn’t see what he looked like at all.

And even then she didn’t say that the men were black.

But that doesn’t stop the REAL racists from attacking her.

Lucia Whalen tearfully said, “I was called racist – I was scorned and ridiculed because of things I never said.”  And the people who made her cry, the people who attacked a woman who performed a public service by getting involved and calling the police when she witnessed a possible crime in progress, are the ones who are racist.

911 caller in Gates case hurt by racist label

CAMBRIDGE, Mass. (AP) — The woman who dialed 911 to report a possible break-in at the home of black Harvard scholar Henry Louis Gates Jr. said Thursday she was pained to be wrongly labeled a racist based on words she never said and hoped the recently released recording of the call would put the controversy to rest.

With a trembling voice, Lucia Whalen, 40, said she was out walking to lunch in Gates’ Cambridge neighborhood near Harvard University when an elderly woman without a cell phone stopped her because she was concerned there was a possible burglary in progress.

Whalen was vilified as a racist on blogs after a police report said she described the possible burglars as “two black males with backpacks.”

Tapes of the call released earlier this week revealed that Whalen did not mention race. When pressed by a dispatcher on whether the men were white, black or Hispanic, she said one of them might have been Hispanic.

“Now that the tapes are out, I hope people can see that I tried to be careful and honest with my words,” Whalen said. “It never occurred to me that the way I reported what I saw be analyzed by an entire nation.”

Cambridge police Commissioner Robert Haas acknowledged that the police report contains a reference to race, but said the report is merely a summary of events. The arresting officer, Sgt. James Crowley, has said his information on the race of the suspects came during a brief encounter with Whalen outside Gates’ house; she contradicted that Thursday, saying she made no such description.

The arrest of Gates for disorderly conduct in his own home by a white police officer sparked a national debate over racial profiling and police conduct. The controversy intensified when President Obama said police “acted stupidly” when they arrested Gates, his friend.

Gates has said he was outraged and has demanded an apology from Crowley; Crowley said he followed protocol and responded to Gates’ “tumultuous behavior” appropriately.

Whalen, a Harvard alumni magazine employee who is a first-generation Portuguese-American, said she lived in fear during the immediate aftermath of the arrest when she was dogged for comment and maligned based on the information attributed to her in the police report.

“The criticism at first was so painful I was frankly afraid to say anything. People called me racist. Some even said threatening things that made me fear for my safety,” said Whalen, whose husband, Paul, put his hand on her shoulder in comfort her as she spoke. “I knew the truth, but I didn’t speak up right away because I did not want to add to the controversy.”

She said she felt more comfortable speaking publicly after the tapes were released. She refused to answer any questions about the police report or what she saw that day.

“I am proud to have been raised by two loving parents who instilled in me values including love one another, be kind to strangers and do not judge people based on race, ethnicity or any other feature than their character,” she said. […]

“I was called racist and I was a target of scorn and ridicule because of the things I never said,” she said. “The criticism hurt me as a person, but it also hurt the community of Cambridge.”

Lucia Whalen was raised by her parents to love one another, to be kind to strangers, and to not judge people based on their race, ethnicity, or any other feature but their character.  Martin Luther King would have applauded her as everything he wanted to see in an American.

But the “Civil Rights” movement was long-ago hijacked by people who actively despise Martin Luther King’s prescription:

I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character.

Unfortunately, we now have men like Henry Louis Gates, Jeremiah Wright, and the close personal friend of both men, Barack Obama.  And they are men who seem to have King’s standard turned completely around.

Watch Henry Louis Gates and tell me that he isn’t consumed by race and by racism, as opposed to concentrating upon the content of anybody’s character:

Here’s another little racist gem from Henry Louis Gates:

GATES: Probably. I didn’t know until — in 1959 we were watching Mike Wallace’s documentary called “The Hate that Hate Produced.” It was about the Nation of Islam and I couldn’t believe — I mean, Malcolm X was talking about the white man was the devil and standing up in white people’s faces and telling them off. It was great. I mean, it’s what black people did behind closed doors, but they would never do it in — I mean, they were too vulnerable to do it, say, where they worked, at the paper mill or downtown, as we would call it. And here was a guy who had the nerve to do that, and I think if I had been a character in a cartoon, my eyes would have gone Doing! — like this. I couldn’t believe it. As I sat cowering in a corner of our living room, I glanced over at Mama and her face was radiant. I mean, this smile — beatific smile started to transform her face. And she said quite quietly, “Amen.” And then she said, “All right now,” and she sat up and she said, “Yes.”

Gates describes his and his mother’s experience with hard-core racism – the labeling of an entire race of people as “devils” – as a spiritual epiphany bordering on a religious experience.  And what chance did Sgt. James Crowley have when a 911 call reporting a possible break-in have when he encountered such fanatic racist zeal?

And there’s absolutely no evidence whatsoever that Sgt. James Crowley – who appears to be a model police officer – thinks anywhere nearly as poorly of black men as Henry Louis Gates thinks of white men.  And it has been Gates who has made the incident not only racial but racist since the moment he first laid eyes on Sgt. Crowley.  Because Gates was a racist since long before the two men ever met.

Now add another racially biased man who “acted stupidly,” Barack Obama.  From the LA Times on July 25, 2009 (page A18):

Describing Crowley as an “outstanding police officer,” the president said: “Even when you’ve got a police officer who has a fine track record on racial sensitivity, interactions between police officers and the African American community can sometimes be fraught with misunderstanding.”

That’s nice, Barry.  Are you saying that even an outstanding (white) police officer is still racially biased, or are you saying that the African American community is so trapped in racism – like Obama’s own close personal friend ‘Skip’ Gates – that it doesn’t really matter how racially sensitive a white officer is?

Obama once said of his white grandmother:

“The point I was making was not that my grandmother harbors any racial animosity, but that she is a typical white person. If she sees somebody on the street that she doesn’t know – there’s a reaction in her that’s been bred into our experiences that don’t go away and sometimes come out in the wrong way and that’s just the nature of race in our society.”

Maybe Obama is saying that Sgt. Crowley, as a “typical white person,” has his racism “bred into him”?  (Didn’t Jimmy the Greek get fired for saying something about racial “breeding”?).  Perhaps THAT is why Obama was so quick to jump to the conclusion of racial bias – even right after admitting that he didn’t know any of the facts of the case – in his now infamous press conference?

Let us not forget, in the first Jeremiah Wright sermon Barack Obama ever heard he heard Wright describe a world where where white folks’ greed runs a world in need. And something clicked for Obama so powerfully that the Rev. Jeremiah Wright became his pastor, his mentor, and his spiritual leader for the next 23 years.  And Barack Obama voluntarily submitted himself and his family to plenty of sermons demonizing the white man in the years since.

I listened to the tapes of the hateful sermons that came out of Barack Obama’s Trinity United Church, and I couldn’t get past the question, “How could Obama stay there for so long?”  Obama said that none of those hateful messages impacted him, but there is little question that they in fact affected him deeply.

This isn’t about whites vs. blacks.  There are plenty of decent people of both races.  Take a black female police officer who stood by her fellow police officer, was appalled by the racist displays she saw, and said, “I voted for Obama.  I will not vote for him again.”

And there are plenty of slimebags of both races too.  A Boston police officer who had nothing whatsoever to do with the Gates arrest called Gates a disgusting racist slur which I shall not repeat in an email.

There are racist white people.  There are racist black people.  And God knows we don’t need any more of either.  The question is, who showed their racism in THIS case?  Lucia Whalen and Sgt. James Crowley, or Henry Louis Gates and Barack Obama?

This isn’t about whites vs. blacks.  Rather, it’s about a terribly bitter attitude that holds on to racism and officially institutes that racism into social policy – this time just in reverse.  It’s perfectly okay to embrace naked racism, as long as you are a member of a “minority.”  It’s okay to embrace a “wise Latina” who thinks her decisions are better than those of a “white male”; but a white male who thinks the same of a minority be destroyed.  It’s okay to have a “Black Caucus” in Congress; just don’t you DARE have a white one.  And as a result the racism of that white Boston cop is rightly damned; the racism of a black Harvard African-American Studies professor is wrongly celebrated.

During his campaign, Barack Obama presented himself as a man who transcended race, and stood as the man who could heal any and all divides.  He spent 23 years in a racist church that demonized ‘white America,’ but we believed him because he gave a nice speech.  He selected a racially biased “wise Latina woman” who trampled on the rights of white firefighters in New Haven, Connecticut.  But that doesn’t appear to matter, either.  And now he’s demonstrating that he holds the same racially biased attitutudes as his “friends.”  And he doesn’t transcend anything.

That shows in a CNN survey of African-Americans and how they feel about race relations.

“During the 2008 election, 38 percent of blacks surveyed thought racial discrimination was a serious problem. In the new survey, 55 percent of blacks surveyed believed it was a serious problem, which is about the same level as it was in 2000.”

It is frankly amazing to consider that Barack Obama – the first black president of the United States – hasn’t done ANYTHING to change the racial attitude of African-Americans.  And the only possible conclusion is that this president has utterly squandered a truly historic opportunity due to his own increasingly apparent personal inadequacies.

I most certainly think race relations has become a serious problem due to Barack Obama.  Because he could not help but drag the ghosts of too many men like Jeremiah Wright and Henry Louis Gates with him.  And Barack Obama may have the political intelligence to say the “right” things in the future, but – to quote one of his speeches – they will be “just words.”

When Obama, Gates, and Crowley (who is reportedly bringing a lawyer and a union representative to the meeting) get together for a “beer,” you can bet that there will be a lot of empty and hollow “just words” floating around.  This entire meeting is nothing more than a political attempt by Obama to fix his own major screw-up.

Who ‘Acted Stupidly’? The Cop, The Professor, Or The President?

July 24, 2009

We have a situation in which a police officer placed a man who turned out to be a Harvard professor of African-American Studies under arrest for disorderly conduct.  And then we have a situation in which the President of the United States of America decides to directly involve himself in his role as Racial-Arbiter-in-Chief.

The best place to begin is with the facts.  A neighbor saw two men attempting to force their way into a home that had already sustained an attempted break-in previously that week.  The police arrived.

And then, from excerpts of the police report (the full actual report is available in PDF format here):

On Thursday July 16, 2009, Henry Gates, Jr. – -, of Ware Street, Cambridge, MA) was placed under arrest at Ware Street, after being observed exhibiting loud and tumultuous behavior, in a public place, directed at a uniformed police officer who was present investigating a report of a crime in progress. These actions on the behalf of Gates served no legitimate purpose and caused citizens passing by this location to stop and take notice while appearing surprised and alarmed.

When I arrived at Ware Street I radioed ECC and asked that they have the caller meet me at the front door to this residence. I was told that the caller was already outside. As I was getting this information, I climbed the porch stairs toward the front door. As I reached the door, a female voice called out to me. I looked in the direction of the voice and observed a white female, later identified {} who was standing on the sidewalk in front of the residence, held a wireless telephone in her hand arid told me that it was she who called. She went on to tell me that she observed what appeared to be two black males with backpacks on the porch of• Ware Street. She told me that her suspicions were aroused when she observed one of the men wedging his shoulder into the door as if he was trying to force entry. Since I was the only police officer on location and had my back to the front door as I spoke with her, I asked that she wait for other responding officers while I investigated further.

As I turned and faced the door, I could see an older black male standing in the foyer of {} Ware Street. I made this observation through the glass paned front door. As I stood in plain view of this man, later identified as Gates, I asked if he would step out onto the porch and speak with me. He replied “no I will not”. He then demanded to know who I was. I told him that I was “Sgt. Crowley from the Cambridge Police” and that I was “investigating a report of a break in progress” at the residence. While I was making this statement, Gates opened the front door and exclaimed “why, because I’m a black man in America?”.   I then asked Gates if there was anyone else in the residence. While yelling, he told me that it was none of my business and accused me of being a racist police officer. I assured Gates that I was responding to a citizen’s call to the Cambridge Police and that the caller was outside as we spoke. Gates seemed to ignore me and picked up a cordless telephone and dialed an unknown telephone number. As he did so, I radioed on channel I that I was off in the residence with someone who appeared to be a resident but very uncooperative. I then overheard Gates asking the person on the other end of his telephone call to “get the chief’ and “what’s the chiefs name?’.   Gates was telling the person on the other end of the call that he was dealing with a racist police officer in his home.  Gates then turned to me and told me that I had no idea who I was “messing” with and that I had not heard the last of it.  While I was led to believe that Gates was lawfully in the residence, I was quite surprised and confused with the behavior he exhibited toward me.  I asked Gates to provide me with photo identification so that I could verify that he resided at Ware Street and so that I could radio my findings to ECC. Gates initially refused, demanding that I show him identification but then did supply me with a Harvard University identification card. Upon learning that Gates was affiliated with Harvard, I radioed and requested the presence of the Harvard University Police.

With the Harvard University identification in hand, I radioed my findings to ECC on channel two and prepared to leave. Gates again asked for my name which I began to provide. Gates began to yell over my spoken words by accusing me of being a racist police officer and leveling threats that he wasn’t someone to mess with. At some point during this exchange, I became aware that Off. Carlos Figueroa was standing behind me. When Gates asked a third time for my name, I explained to him that I had provided it at his request two separate times. Gates continued to yell at me. I told Gates that I was leaving his residence and that if he had any other questions regarding the matter, I would speak with him outside of the residence.

As I began walking through the foyer toward the front door, I could hear Gates again demanding my name. I again told Gates that I would speak with him outside. My reason for wanting to leave the residence was that Gates was yelling very loud and the acoustics of the kitchen and foyer were making it difficult for me to transmit pertinent information to ECC or other responding units. His reply was “ya, I’ll speak with your mama outside”. When I left the residence, I noted that there were several Cambridge and Harvard University police officers assembled on the sidewalk in front of the residence. Additionally, the caller, Ms. Walen and at least seven unidentified passers-by were looking in the direction of Gates, who had followed me outside of the residence.

As I descended the stairs to the sidewalk, Gates continued to yell at me, accusing me of racial bias and continued to tell me that I had not heard the last of him. Due to the tumultuous manner Gates had exhibited in his residence as well as his continued tumultuous behavior outside the residence, in view of the public, I warned Gates that he was becoming disorderly. Gates ignored my warning and continued to yell, which drew the attention of both the police officers and citizens, who appeared surprised and alarmed by Gates’s outburst. For a second time I warned Gates to calm down while I withdrew my department issued handcuffs from their carrying case. Gates again ignored my warning and continued to yell at me. It was at this time that I informed Gates that he was under arrest. I then stepped up the stairs, onto the porch and attempted to place handcuffs on Gates. Gates initially resisted my attempt to handcuff him, yelling that he was “disabled” and would fall without his cane. After the handcuffs were property applied, Gates complained that they were too tight. I ordered Off. Ivey, who was among the responding officers, to handcuff Gates with his arms in front of him for his comfort while I secured a cane for Gates from within the residence. I then asked Gates if he would like an officer to take possession of his house key and secure his front door, which he left wide open. Gates told me that the door was unsecurable due to a previous break attempt at the residence. Shortly thereafter, a Harvard University maintenance person arrived on scene and appeared familiar with Gates. I asked Gates if he was comfortable with this Harvard University maintenance person securing his residence. He told me that he was.

And then there’s the President of the United States, feeling the need to directly involve himself in a report of a break-in and a disorderly conduct arrest:

Q Thank you, Mr. President. Recently, Professor Henry Louis Gates, Jr. was arrested at his home in Cambridge. What does that incident say to you? And what does it say about race relations in America?

PRESIDENT OBAMA: Well, I — I should say at the outset that Skip Gates is a friend, so I may be a little biased here.

I don’t know all the facts. What’s been reported, though, is that the guy forgot his keys, jimmied his way to get into the house; there was a report called into the police station that there might be a burglary taking place.

So far, so good, right? I mean, if I was trying to jigger into — well, I guess this is my house now, so — (laughter) — it probably wouldn’t happen.

(Chuckling.) But let’s say my old house in Chicago — (laughter) — here I’d get shot. (Laughter.) But so far, so good. They’re — they’re — they’re reporting. The police are doing what they should. There’s a call. They go investigate. What happens?

My understanding is, at that point, Professor Gates is already in his house. The police officer comes in. I’m sure there’s some exchange of words. But my understanding is — is that Professor Gates then shows his ID to show that this is his house, and at that point he gets arrested for disorderly conduct, charges which are later dropped.

Now, I’ve — I don’t know, not having been there and not seeing all the facts, what role race played in that. But I think it’s fair to say, number one, any of us would be pretty angry; number two, that the Cambridge police acted stupidly in arresting somebody when there was already proof that they were in their own home.

And number three, what I think we know separate and apart from this incident is that there is a long history in this country of African-Americans and Latinos being stopped by law enforcing disproportion ately. That’s just a fact.

As you know, Lynn, when I was in the state legislature in Illinois, we worked on a racial profiling bill because there was indisputable evidence that blacks and Hispanics were being stopped disproportionately. And that is a sign, an example of how, you know, race remains a factor in the society.

That doesn’t lessen the incredible progress that has been made. I am standing here as testimony to the progress that’s been made. And yet the fact of the matter is, is that, you know, this still haunts us.

And even when there are honest misunderstandings, the fact that blacks and Hispanics are picked up more frequently, and oftentime for no cause, casts suspicion even when there is good cause. And that’s why I think the more that we’re working with local law enforcement to improve policing techniques so that we’re eliminating potential bias, the safer everybody’s going to be.

We find out in addition that the police officer, Sgt. James Crowley, actually teaches courses on racial profiling at Lowell Police Acadamy, and has been teaching the course there for five years.  We find out that Sgt. Crowley receives no pay for teaching the class, and that he drives from Cambridge to Middlesex Community College in Lowell.  And we find out that he is an incredibly well-respected police officer.

Okay.  So here’s your test: WHO was “acting stupidly”?

For the record, it is black men like Henry Louis Gates who make the charge “racist” utterly meaningless to me.  Because the only way I could be any more racist than Gates is if I went to weekly meetings wearing a white robe and a pointy hat.

Personally, I have to give a tie to Professor Henry Louis Gates and President Barack Obama.  Gates is clearly an arrogant hard-core racist jerk who deserved to be seriously beaten with a baton, let alone arrested.  And Barack Obama is clearly an arrogant, hard-core fool who should have kept his stupid mouth shut rather than join Gates in throwing around charges of racism.

Mouthing off to police officers is a bad idea, and Henry Louis Gates officially disqualified himself from the roles of reasonable and intelligent people for having so remarkably mouthed off with so little provocation.  And Harvard University is clearly an inferior academic institution for having such pathetic, angry, bitter, nasty, racist psychos on its payroll as “faculty.”

I am a law-abiding citizen, yet I have had several similar encounters with the police.  On one occasion, I was ordered off my motorcycle (back when I had one), and ordered to interlock my fingers behind my neck and drop to my knees on the side of a highway.  I hadn’t mouthed off in any way, or given any cause to believe that I was a threat when the black police officer gave me the order.  And the officer’s tone had been, “Do it now or I will shoot you.”  He inspected me for weapons and inspected my bags, before clearing me to stand up.  When I asked why he had treated me this way, the officer curtly answered, “You matched the general description of a robbery suspect.”  No, “Gee, I’m really sorry.  It must have been kind of embarrassing kneeling on the side of the road with your arms over your head like that and all them cars driving by.”

I thought the officer was a complete jerk.  But it never even occurred to me to think that this black authority figure was a racist out to get even with whitey.  Primarily because I’d already had three earlier unfortunate wrong-place-wrong-time situations with rude police officers who were white.  Once I’d been loudly cursed at by a police officer who was manning a perimeter check point when I tried to tell him I’d just seen the man they were probably looking for and noted the direction he was running.  Another time I was ordered out of my car at literal gunpoint out in the desert.  I had gone out there to walk my Rottweiler, and the officer was treating the situation as a possible stolen car incident.

It’s partially because police officers are always potentially about to be shot at, and partially because law enforcement just too often attracts men and women who get off exercising authority, that civilians often feel like they are being treated rudely.

In the particular case of Sgt. James Crowley and Professor Henry Louis Gates, it seems clear to me that Crowley was in the former category of “potentially about to be shot at,” while Gates was in the latter category of “get off exercising authority.”

Blacks often talk about racism being about an unequal power relationship.  Well, the racists in this particular situation are the powerful men in society: a privileged Harvard University professor, and a President of the United States.  And the victim of racism is an honest, blue collar working man.

How dare you accuse such a man of racism, Professor Gates?  How dare you, President Obama?  You were the two men who acted stupidly, and you are the two men who should feel ashamed of yourselves.

Is Barack Obama a racist? As far as I’m concerned, he’s now got three strikes.  Strike one was belonging to a thoroughly racist church under Jeremiah Wright for 23 years.  Strike two was his appointment of a “wise Latina judge” who had imposed a racist ruling penalizing white firefighters just for being white.  And strike three is standing up for a racist bigot like Gates – who apparently becomes the next thoroughly racist extremist bigot Obama would no more disown than his own white grandmother – and associating Sgt. Crowley with racism and racial profiling when he didn’t know the facts of the case by his own admission is strike three.

It’s not the police officer who should be defending himself against allegations of racism.  It’s Henry Louis Gates.  And it’s Barack Obama.  Obama should be asked every single day, “How dare you defend the kind of racist behavior your good friend Henry Gates exhibited toward that poor white police officer who was just trying to do his job?”