Quotes of the day

posted at 10:45 pm on March 31, 2009 by Allahpundit

“In addition, the bill gives Geithner the authority to decide what pay is ‘unreasonable’ or ‘excessive.’ And it directs the Treasury Department to come up with a method to evaluate ‘the performance of the individual executive or employee to whom the payment relates.’…

‘This is a growing concern, that the powers of the Treasury in this area, along with what Geithner was looking for last week, are mind boggling,’ Garrett said.”

***
“‘Is there a heightened risk for the Obama administration’ to remove a banking executive? asked Scott Talbott, chief lobbyist for Financial Services Roundtable. ‘I think you’d have to conclude that the answer is yes.’…

The government is currently stress-testing the nation’s 20 largest banks and ‘maybe three fail the test,’ said an executive at a large bank receiving government funds. Obama ‘could remove the heads of those banks,’ the executive said.”

***
“He’s realizing, ‘Hey, the economy’s mine now, and I better do it my way…’ So the administration is collaring people and letting them know who’s in charge. The days of saying, ‘It’s not our economy’ have come to an end.”


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Comment pages: 1 2

Kini on April 1, 2009 at 3:23 AM

And as to you, I don’t know what you are talking about!

Loxodonta on April 1, 2009 at 3:40 AM

Loxodonta on April 1, 2009 at 3:39 AM

I am sure Dem trees vote and give contributions. It would be sad though if those nasty trees screwed up the whole global warming thing by sucking up the carbon dioxide.

Goodnight folks =)

msmveritas on April 1, 2009 at 3:51 AM

And as to you, I don’t know what you are talking about!

Loxodonta on April 1, 2009 at 3:40 AM

I’m not surprised.

Kini on April 1, 2009 at 3:53 AM

I’m not surprised.

Kini on April 1, 2009 at 3:53 AM

I’m old. You’re young. It’s April Fool’s Day.

Couldn’t you even act surprised?

Loxodonta on April 1, 2009 at 4:15 AM

Who has the balls to say this stinking son of a bitch isn’t communist now?

Spiritk9 on April 1, 2009 at 4:42 AM

Kini on April 1, 2009

As dawn is approaching, my insomnia is done for the night (EST). Ao have a good night (HST), and peace and freedom be with you and those you love.

Loxodonta on April 1, 2009 at 4:46 AM

I Don’t Care

Envision the president of the United States. I know, now days that’s a scary picture – but indulge me.

Now envision Rick Wagoner, CEO – General Motors, a private citizen and CEO of a publically owned corporation. Rick is NOT a government employee and is, more to the point, NOT subordinate to Obama. GM is owned by its shareholders and as such is NOT a government agency or department.

Now imagine me in Mr. Wagoner’s shoes. Obama calls and attempts to fire me. Ya, I know: If only! Me, “Excuse me – EXCUSE ME”! “Stick it in your ear”! Just who the hell do you think you are that you can imagine to fire me”?

Now let’s take Obama out of the movie and look only at Rick. If he took bailout money for GM – and he did – then, Obama’s asinine behavior aside, he gets what he deserves. He slept with the devil so if he wakes up in hell I have zero sympathy for him. Additionally – approximately 65% of major corporate executives are democrats. That means odds are that Jack voted for Obama. All the more reason for him to deserve every negative thing he gets as a result. Odds are he slept with the devil at least twice.

Next scene – Imagine Barny Frank. (Gets worse – huh?) Frank, et al, is going to limit salaries, wages and bonuses for upper and middle management and senior employees of any company that took/take bailout money. As egregious, un-American, downright filthy, and skid row gutter low as Frank’s actions are, and as rotten a human being as he is, I still have zero sympathy for said managers. I empathize with the middle management and senior employees that are hurt by Frank because they are just collateral damage. Their bosses slept with the devil and deserve every negative financial thing that happens to them. If they (the bosses) go completely broke and have to sleep in a rundown car with their family – I DON’T CARE!

The country we, and the generations before us, grew up in, love, that hundreds of thousands gave their lives for, is on the very edge of extinction and I’m fighting mad as hell! I’m mad at the folks running companies that felt the need to take bailout money. I’m downright angry – livid actually – at, and feel nothing but utter distain toward, Frank, Dodd, Waters, Rangle, Pelosi, Reed, et al (hundreds more)! I am most angry at the democrats and liberal citizens (we the people) that voted that little kid into the white house and the ones that continually vote into office the likes of the above list of names.

I do have a bit of solace, and even mild glee, – as sinister as it may seem – in the financial woes of the nation’s economy and the financial problems of the folks that have same. I don’t really care if unemployment goes to 25%, inflation is in the double digits, gasoline go up to $8.00 a gallon and everyone’s taxes go up by 30%. I don’t care because I realize that all the financial, social and moral misery being cause by those SOBs in Washington DC is being felt by the 55% of voters that put Obama into office and keep electing liberal democrats to congress. They deserve every negative thing that can happen to them.

They slept with the devil so – to hell with them!

Hal-9000 on April 1, 2009 at 6:02 AM

” A house divided against itself can not stand. ”
” There will be blood. “

Skandia Recluse on April 1, 2009 at 7:08 AM

Hall-9000 – you have an altruistic and forgiving bent to your wishes for our fellow citizens.

However, I have KIDS living in this country who have nowhere to go as it slides into the garbage heap.

Already reeling from our last adventure in making the poor rich with property, we now follow our Will Smith wannabe and his gang of tax cheats and congressional mental cases into economic collapse. On the plus side, we shall have ghetto schools, solar panels, windmills and electric cars in good physical condition.

The bureaucrats who authorize the billions spent on schools will miss the fact that the kids still need involved parents, reasonable career expectations and a cultural shift away from the drugs and attitudes of their heroes. And should anything change, except the amount of money we spend? Why, just look at Dear Leader and his success after being stoned for long periods of time while in school.

And our workforce? Poems say much:

Sleep while you work,
Rest while you play,
Lean on your shovel
To pass the time away…

Kudos to Lewis Armstrong.

But he failed to mention that they are coming after your money…and then your freedom.

IlikedAUH2O on April 1, 2009 at 7:18 AM

Duh, wasn’t it Georgie Bush that created TARP? How come no mention of that? Oh thats right, facts don’t matter when Obama is being attacked. Who was running the SEC when all the Wall Street clowns were screwing us? Oh, a republican. Oh, thats right, conservatives have selective memories. Obama approval…66% I guess America is happy with what PRESIDENT OBAMA is doing. Only 3 years 10 months wingnuts and then you can crown Caribou Barbie as president….yeah right

athensboy on April 1, 2009 at 7:20 AM

The days of saying, ‘It’s not our economy’ have come to an end.”

sheesh on April 1, 2009 at 7:22 AM

In case you haven’t noticed, the demoncRATS don’t live under the same laws as us the proletariat do.
They don’t need no stinkin’ laws.
Where the hell is the Republican party? This administration and congress are dismantling this country with a zeal and speed that boggle the mind. Trillions have been spent and some people are still wondering who’s gonna win the NCAA tournament or which slut will go injto rehab next or what time is dancing with the stars on.
People should be focesed on “is America too big to fail” instead of is AIG or GM too big to fail.
GOD help us.

mountainmanbob on April 1, 2009 at 7:28 AM

“This is how the Republic dies. To thunderous applause.”

PeteWilson on April 1, 2009 at 7:30 AM

the absurdity that the Treasury Dept. will now conduct annual compensation reviews on well over 500,000 TARP recipient employees is astonishing.

The very same department which has just ONE appointed position filled with 17 appointments open, and a staff of 40 or so interns is some how going to be able to pull this off is rediculous. This group of idiots can’t even hold their congressionally mandated OVERSIGHT meetings and have essentially given up on overseeing how the TARP money is being spent, but somehow they’ll be able to discern if Mr. Jones is taking too long of a lunch and is ‘undeserving’ of his compensation, or if Sally Sue’s department fell short of their revenue goal by 2%, the Treasury will now decide that she’s out of luck.

There are no words to describe the arrogance, and absurdity and sheer disdain for private enterprise than this charade which is unfolding in Washington right now.

Common sense went out the window long ago.

gatorboy on April 1, 2009 at 7:31 AM

Anyone who still supports Obama has either never seen any real news reported on him or are accomplices in a grand plan to systematically destroy the greatest society ever assembled.

Bravo, liberals!

Grafted on April 1, 2009 at 7:34 AM

The problem is what is the f….g test. I read a couple of weeks ago that the FED (Or government) was closing down a bank (I thought they were private entities) based upon the governments assessment of how the bank would be performing in 2010?

How many other banks would fail that test? The rules and economic environment are changing every day.

The lack of transparency leaves this situation open to political and criminal manipulation.

Remember – Geithner thinks tax increases are removal of subsidies. Just maybe he and Obama think everything belongs to the people (government) anyway.

davod on April 1, 2009 at 8:18 AM

“the absurdity that the Treasury Dept. will now conduct annual compensation reviews on well over 500,000 TARP recipient employees is astonishing.”

The stimulus will create 250,000 new government jobs.

davod on April 1, 2009 at 8:19 AM

The man who has never run anything seeks to run everything.

What could possibly go wrong?

Disturb the Universe on April 1, 2009 at 8:26 AM

First of all, someone has *got* to post video of the Treasury Oversight hearings from yesterday. I think I saw a headline post about it, but I listened to it this morning on C-SPAN Radio and it was brutal, brutal stuff.

TARP should have worked. Bush’s Treasury started the process of trivializing it, and Obama has picked up the ball and continued frittering and frauding it away. Lots of blame to go around. Recognizing Bush’s manifold faults doesn’t diminish Obama’s nigh-criminal culpability in failing to ensure that Treasury is adequately and competently staffed (this has a direct bearing on the oversight hearing I mentioned – watch and see). Heckuva job.

athensboy, you can shove that tu quoque stuff right up your backside. I blame Bush and Obama. You can too, if you recover your critical reasoning faculties somehow.

All that aside, I wonder: Do the pay restrictions and performance assessment metrics survive the acquisition of any of these companies by non-TARP-recipient firms?

DrSteve on April 1, 2009 at 8:29 AM

Many here were very uncertain about TARP I, but were willing to give Bush and Paulson the benefit of the doubt. However it soon became apparent that trust was not well placed in Paulson. He will go down in history as one of the worst Treasury Secs ever. But the fact that Bush and Paulson were mistaken on TARP does not give an excuse to Obama to add nine trillion dollars in DEFICIT spending in the next eight years, and add additional trillions of dollars in taxes in cap and trade to destroy the middle class and poor and the energy sector. It does not give him carte blanche to destroy the health care sector with a one payor government system advocated by Salacious HHS tax cheat nominee, and its attendant trillions of dollars in costs and spending. One wrong by Bush, doesn’t make Obama’s exponential wrongs right.

eaglewingz08 on April 1, 2009 at 8:31 AM

History repeats itself. The only thing that has changed is technology.
Centuries ago, Israel turned away from GOD and went into captivity. Today, as America becomes more secular, we go into the captivity of a tyrannical gubmint. With narry a peep!
People ask “how did this happen?” For decades we have sent thieves, liars, hypocrites and bastards to Washington. Only now when we are on the verge of financial collapse is there wailing and gnashing of teeth. For years we have looked the other way as laws were broken, morality thrown to the wind and corruption allowed. As long as your 401k or IRA was growing, perverse, corrupt conduct was tolerated.
How very sad. We send thieves and liars to Washington and expect goodness.
GOD help us.

mountainmanbob on April 1, 2009 at 8:31 AM

Hey athensboy:
http://www.youtube.com/watch?v=_MGT_cSi7Rs

Its time to own up. This is democrats mess. They have been in power 2 years in Congress, ya know the guys who control the purse strings?

Don’t blame us because Bush decided it was popular to throw money at the problem.

The statists obsession with giving people things they can’t afford is THE REAL PROBLEM.

DavidM on April 1, 2009 at 8:36 AM

Obama is taking over absolutely everything!

From headlines:

Barry the giant sea worm discovered by aquarium staff after mysterious attacks on coral reef

Disturb the Universe on April 1, 2009 at 8:39 AM

This has gotten out of control. Totally out of control. This government is all about power, not the wants of the people. If I owned a bank, I’d rather see it bite the dust than to have someone with no authority over my job tell me how to run it and what to pay myself and my employees. This is just unreal.

scalleywag on April 1, 2009 at 8:40 AM

It’s not just our money that the current administration is seizing. Look at the omnibus anti-energy, anti-capitalism legislation that the Dems finagled without any fanfare. The prez has signed another bill that had only cursory reading and eliminated the imput of two affected committees. Our freedoms are being snatched away, and more and more of our behavior runs the risk of being criminalized.

Our Congress and our president are out of control.

onlineanalyst on April 1, 2009 at 8:53 AM

Our Congress and our president are out of control.

onlineanalyst on April 1, 2009 at 8:53 AM

Just wait until they turn the Patriot Act to being aimed within instead of without….and Ogabe can do it without Congress…

sven10077 on April 1, 2009 at 8:56 AM

Welcome to the United States of Zimbabwe.

drjohn on April 1, 2009 at 10:08 AM

There is no such thing as too big to fail.

I’ve made a decent living from distressed assets of one form or another for the last 20 yrs, whether it’s a foreclosure, FDIC pkg’d assets, repos whatever it is, a-holes like me will be there to pick up the pieces and glue them together to make something out of it. Capitolism only works when you have BOTH upticks and downticks in an economy. Government intervention will only p r o l o n g the inevitable market forces. If you take something away, we will only find a way around it.It will take longer, but good ‘ol American ingenuity and a desire to make money will find a way. Sometimes it involves a new administration,ie Ronald Reagan, and other times it just plain works itself out. This current moonbat administration, based on lies from the media, Acorn ballot box cheats, and fears of Al Gore coming to your neighborhood so you too can expierence “global warming”, which we all know is bullshit. The American people are tired of being afraid, taxed and lied to by people who wont even be patriotic enough to pay their own taxes, and they want to tell us to pay more. They can all go to hell, as they truly are sleeping with the devil. preforming fellatio on Satan himself.
The amount of backlash is becoming more and more evident everyday as the amateur hour in the white house becomes clearer. It takes no time at all now to see anything you want in the way of anti-obama gear.–Let’s roll–this administration out of office

UNREPENTANT CONSERVATIVE CAPITOLIST on April 1, 2009 at 11:18 AM

So what would happen if there was a class action lawsuit filed against the government by people who lost wages under the Pay for Performance Act, citing the Constitution’s protection against the taking of life, liberty, or property without due process of law?

I believe “due process of law” requires breaking a law and being properly charged and convicted of it, not the government passing a a law they make retroactive.

tom on April 1, 2009 at 1:55 PM

So what would happen if there was a class action lawsuit filed against the government by people who lost wages under the Pay for Performance Act, citing the Constitution’s protection against the taking of life, liberty, or property without due process of law?

I believe “due process of law” requires breaking a law and being properly charged and convicted of it, not the government passing a a law they make retroactive.

tom on April 1, 2009 at 1:55 PM

Never mind. I know the answer.

Nothing.

tom on April 1, 2009 at 1:56 PM

test

DarkCurrent on August 18, 2014 at 9:55 AM

Comment pages: 1 2