Quote of the day

posted at 9:30 pm on August 2, 2009 by Allahpundit

Breaking on Hot Air

Blowback

Trackbacks/Pings

Trackback URL

Comments

LegendHasIt on August 3, 2009 at 1:21 AM

I ‘shopped it up a bit for you Legend. Try this.

TMK on August 3, 2009 at 2:25 AM

um… I think we have some lines crossed… I’m pretty sure we are on the same side when it comes to Obamacare. (FYI I’m against it) Sorry if I lead you to believe otherwise…

Ampersand on August 3, 2009 at 1:45 AM

Upon further perusal of this thread it would appear that I may have fired at the wrong target. I will have to make some adjustments to my green equipment.

HalJordan on August 3, 2009 at 2:26 AM

They are going to rue the day they force this power grab on us. Their reckless disregard for the popular will exposes the true face of the leftists. The illegitimacy of this leftist government has compromised the republic. A reckoning is coming.

elduende on August 3, 2009 at 2:55 AM

Bring this to leftist attention, and here’ what you get…

“Uh, Bush… Obama is bringing change.”

ConservadorRebelde on August 3, 2009 at 3:11 AM

From Denninger – very scary stuff if he is right

So what’s going on here?

Simple: An enormous number of banks are holding loans at or close to “par” that really aren’t. They’re holding mortgages at massively-inflated values, even on defaulted properties, and this is why you are not seeing more foreclosure sales – that is, why inventory is being held back. If they sell it the accountants will force recognition of the loss, which will render them instantly insolvent, but so long as they “extend and pretend” they are marking these loans way, way above recovery value. The upshot of this is that these firms’ balance sheet claims on asset values are massively inflated, regulators know it, and they’re intentionally ignoring it.

What do I think?

I believe the FDIC is broke and knows it; that under the law they should have seized these three banks (and many dozens more, including some really big ones) some time ago, but doing so will force them to tap the Treasury “emergency” credit line. They’re well-aware that this could instill quite a bit of panic in the public (never mind Congress!); as such they, along with OTS and OCC are conspiring to (once again) hide the truth and pray for an economic recovery before they are forced to act as the law demanded months or even years ago!

This is nothing more than an attempt to keep this from looking dramatically worse than it already does and keep the “green shoot” lie alive to pump the stock market so that Americans “feel better.” Big banking and other executives are taking advantage of this lie by selling shares into an overheated market.

Hint to Sheila Bair, Tim Geithner, Dugan and Ben Bernanke: It won’t work and you’re going to precipitate a credit and stock market meltdown worse than last fall’s. You may have already passed the point where you are unable to avoid that sort of damage, but if you don’t act now the outcome is virtually assured.

KentAllard on August 3, 2009 at 3:13 AM

You mean that amazingly successful government program?

I went on vacation to comic-con last week. I spent all my money by the second day. I tried to tell my wife this means it was an amazingly successful trip. She didn’t buy it. She just said i was stupid with my money and didn’t plan very well…

Ampersand on August 2, 2009 at 11:26 PM

LOL…I like that.

It would have been even better if you had spent your fellow taxpayer’s money courtesy of the Fed.

Dr. ZhivBlago on August 3, 2009 at 3:29 AM

These videos are too old. I saw all these during last year and he still won…..

liberal343 on August 2, 2009 at 10:07 PM

Irrelevant.

Kralizec on August 3, 2009 at 3:53 AM

OK, so Obama is a big fat liar, what were you expecting? He claimed he was born in Hawaii when his birth certificate clearly was issued in Kenya.

doriangrey on August 2, 2009 at 9:35 PM

Hey dorian, the “Republic of Kenya” didn’t exist in 1961, 3 years after Obama was born. That’s a neat trick to be born in a country that doesn’t exist.
However, the good news is I have some stock in a bridge that I can sell you at a discount rate.

right2bright on August 3, 2009 at 6:45 AM

KentAllard on August 3, 2009 at 3:13 AM

That is chilling. Maybe it’s a good time to be poor.

zeebeach on August 3, 2009 at 7:17 AM

Seriously, God is punishing America for it’s evil acts by giving us a dangerous moron as President and he comes equipped with deranged demons as advisers. If you stare at a picture of any of them, you can start to see the horns of the devil.

Jeff from WI on August 3, 2009 at 7:23 AM

O/T: How long will it be before this makes its rounds on the net: Obama’s “new” Kenyan birth cert

Another “birther” thread, Ed/Allah?

VibrioCocci on August 3, 2009 at 7:40 AM

Hint to Sheila Bair, Tim Geithner, Dugan and Ben Bernanke: It won’t work and you’re going to precipitate a credit and stock market meltdown worse than last fall’s. You may have already passed the point where you are unable to avoid that sort of damage, but if you don’t act now the outcome is virtually assured.

KentAllard on August 3, 2009 at 3:13 AM

The banks have divided the portfolio (this is super simplified) into basically to areas…performing assets and non-performing assets.
They hold the “non-performing” assets on there books, looking for some “out”. They may offer a price way below value, have you take a loan out for only 1/2 that value, the other half in 12-18 months.
That would move it from a non-performing asset, to a performing asset. And basically delaying any “losses”, on paper.
Of course the real loss comes later, but their balance sheet look better as their % of “performing” investments increase…all on paper.
The bank then appears to be improving their balance with less non-performing assets on their books.
The banks are scrambling, and using chewing gum and paper clips to hold their portfolios together.
What most don’t realize, is that all these great retirement programs are based on these portfolios of “performing” assets.
The irony is that the gov. social securities, the program that many said would be insolvent, may be as solvent as some of the other retirement programs.
Certainly some of the union retirement programs are a disaster, which is why they need the dems much more then they need the union.

right2bright on August 3, 2009 at 7:43 AM

O/T: How long will it be before this makes its rounds on the net: Obama’s “new” Kenyan birth cert

Another “birther” thread, Ed/Allah?

VibrioCocci on August 3, 2009 at 7:40 AM

The “Republic of Kenya” was not formed until late in 1964…so Obama was born in a country that didn’t exist.
Care to buy a 1806 Lincoln penny?

right2bright on August 3, 2009 at 7:45 AM

The Dems did their polling in order to decide that insurance companies raise the hackles of consumers. Ergo, the Dems/Statists are making insurance companies the scapegoat in their move toward a federal single-payer system. Note how easily the representative in the video plays the crowd for suckers and how sheeplike the crowd is in cheering the demise of insurance companies.

The problem is that when there is competition among private insurers, the consumer is free to choose the one that meets his own needs and can also appeal a denial of coverage to a state agency that oversees insurance matters.

With a federal single-payer system, there is no choice, and their is no recourse when coverage is denied or inadequate.

onlineanalyst on August 3, 2009 at 7:47 AM

VibrioCocci on August 3, 2009 at 7:40 AM

The “Republic of Kenya” was not formed until late in 1964…so Obama was born in a country that didn’t exist.
Care to buy a 1806 Lincoln penny?

right2bright on August 3, 2009 at 7:45 AM

Just to clarify, Republic of Kenya was formed in Dec. of 1964, and the seal is from Feb. of 1964.

right2bright on August 3, 2009 at 7:47 AM

onlineanalyst on August 3, 2009 at 7:47 AM

Even the YahooNews CEO ratings of Obama rally around his level playing field bulldozing job against competition. The exception: DELL asks, “After all is said and done, what is Obama’s performance doing to the American competitive edge?”

maverick muse on August 3, 2009 at 7:59 AM

With a federal single-payer system, there is no choice, and their is no recourse when coverage is denied or inadequate.

onlineanalyst on August 3, 2009 at 7:47 AM

This is one of the things that make me the most angry about the filthy liar in the White House. It is clear to anybody with the least bit of common sense (which therefore excludes Obama voters) that private insurance will cease to exist after the feds come and use taxpayer dollars to undercut any competition.

Yet despite this unquestionable fact, the filthy liar and the moonbats who support him are out there claiming the public plan will mean more choice and greater competition. That is so blatantly a lie that I don’t know how he gets away with constantly saying it.

highhopes on August 3, 2009 at 8:00 AM

Just to clarify, Republic of Kenya was formed in Dec. of 1964, and the seal is from Feb. of 1964.Suppressor!

Good Lt on August 3, 2009 at 8:02 AM

Everyone go fill out the CNN Report Card on Obama

bucsox79 on August 3, 2009 at 8:03 AM

The exception: DELL asks, “After all is said and done, what is Obama’s performance doing to the American competitive edge?”

maverick muse on August 3, 2009 at 7:59 AM

Related question: Business is now on the fence when it comes to this administration. If the filthy liar takes over healthcare, will business interests go elsewhere to avoid the dictator-in-chief nationalizing their industry the way he has raided the banking industry, auto industry, and potentially the healthcare industry???

Think about it. The filthy liar’s propaganda machine claims that healthcare accounts for one quarter of the American Economy. Yet the rat bastard traitor sees nothing wrong in the US government gaining control of it in a hostile takeover. Does anybody want a filthy lying socialist to seize one quarter of the American economy?

I say no! And it will be a bloody fight before it happens!!!

highhopes on August 3, 2009 at 8:05 AM

I sit here and shake my freaking head.I don’t why I put myself thru this.Nobody gives a rip,at least the people that could say something to make a difference.This is so black and white,so clear,he has not hid his agenda.The gop has golden opportunities ever time you turn around there is some more hypocrisy spewing out of his mouth.

ohiobabe on August 3, 2009 at 8:26 AM

O/T: How long will it be before this makes its rounds on the net: Obama’s “new” Kenyan birth cert

Another “birther” thread, Ed/Allah?

VibrioCocci on August 3, 2009 at 7:40 AM

Wow.

Key West Reader on August 3, 2009 at 8:46 AM

Why do people cheer about single-payer? Can anyone name a single-payer system that works as well as what we have now? What’s the deal there?

Daggett on August 3, 2009 at 12:33 AM

They hate insurance companies. They don’t think anyone should “profit” off of illness. Other than those good-hearted scamps in government.

LibTired on August 3, 2009 at 8:47 AM

Government cannot run a voucher system to encourage trade-in of old vehicles. They will kill us all if they get their filthy paws on the healthcare industry.

highhopes on August 2, 2009 at 10:14 PM

I don’t have time to read all the comments because I have to go back to work today after two weeks of vacation along the Gulf Coast.

Everyone should think about what the fate of a used car is in the C4C program. They are destroyed. I think it is a metaphor for state run health care.

What liberals never anticipate is the detrimental effects their policies have on the people they allegedly advocate. It usually screws them. In a few months there will be a shortage of used vehicles, and lower income and working poor will not be able to find affordable transportation.

I already have the countdown clock going on when I’ll see the headline, “Women and Minorities Hardest Hit by Cash for Clunkers Program.”

Liberals are truly stupid people. I thought C4C was stupid before I realized they were destroying working automobiles. So much for recycling, huh? They’re not even making the parts available to people. That will have another unintended consequence on people who have to maintain older cars for transportation.

Ampleforth on August 3, 2009 at 8:48 AM

VibrioCocci on August 3, 2009 at 7:40 AM

The “Republic of Kenya” was not formed until late in 1964…so Obama was born in a country that didn’t exist.
Care to buy a 1806 Lincoln penny?

right2bright on August 3, 2009 at 7:45 AM

Just to clarify, Republic of Kenya was formed in Dec. of 1964, and the seal is from Feb. of 1964.

right2bright on August 3, 2009 at 7:47 AM

Gotta give WND credit: they know how to bring in the ad revenue and sell conspiracy/birther books!

VibrioCocci on August 3, 2009 at 9:05 AM

I saw this vid on Drudge this morning; Send it to everyone you know- it’s short and chilling. I can’t get the link to the “Obama as joker” pic to work, but it’s the most appropriete visual of him yet.

anniekc on August 3, 2009 at 9:20 AM

I see less and less comments about Obama and his White House Mafioso not wanting to wreck the U.S. economy and “redistribute” what wealth is left, after they assure that they get their graft.
I’m wondering what country they think they can retire to that they think is going to be safe for them?

Cybergeezer on August 3, 2009 at 9:20 AM

Community Organizer Liar in Chief

petefrt on August 3, 2009 at 10:08 AM

A simple yet 99.99% reliable strategy to predict what Obumbler will do.

1. Decide what person or state hates freedom and the USA the most.

2. Decide which course of actions will do more damage to freedom and the USA.

jukin on August 3, 2009 at 10:50 AM

Liar.
Liar.
Liar.
Liar.
Liar.
Liar.
Liar.
Liar.
Liar.
Liar.

notagool on August 3, 2009 at 11:16 AM

Ampleforth on August 3, 2009 at 8:48 AM

If I looked at the Cash for Clunker rules correctly….

The cars VIN is put into a database, the engine or transmission is destroyed to make it non drivable… and its sold.

Now, the company that BUYS that car can then part it out if they wish… they are just not supposed to fix it.

However, there is nothing that says they CAN’T be fixed once sold… so, you could take two clunkers of the same make and model… destroy the engine from one, the tranny from the other… then part them out to create one working car… while someone makes 9K of Government money.

Romeo13 on August 3, 2009 at 11:32 AM

Obama Unmasked: 40 Czars Later

http://www.israelnationalnews.com/Articles/Article.aspx/8957

izoneguy on August 3, 2009 at 12:24 PM

The world view of President Obama and other Democrats has gotten so antagonistic towards a Judeo-Christian ethic that only a Christian Kapo would support these people.

Blue Collar Todd on August 3, 2009 at 12:33 PM

How long is it going to take for his supporters to figure out this guy is FOS? All he really has going is a sense of credibility given to him by his blind followers. Even they have to be waking up and recognizing the lies coming from this character.

joedoe on August 3, 2009 at 12:45 PM

Can anyone answer this question for me?

We know the left want a single payer system eventually. We also know that the Democrats will not even consider tort reform, because of the very strong trial lawyer lobby that keeps their pockets filled.

How in the world will the trial lawyers benefit from a govt run single-payer system? What am I missing here?

joedoe on August 3, 2009 at 12:48 PM

How in the world will the trial lawyers benefit from a govt run single-payer system? What am I missing here?

joedoe on August 3, 2009 at 12:48 PM

Since there is no tort-reform, people can still sue doctors. Therefore, there will be no reduction in law-suits. In fact maybe there will be more since the doctors won’t be able to do all the liability-motivated prescriptions/surgeries because single payer will not cover it.

Christian Conservative on August 3, 2009 at 1:33 PM

President Obama is behaving stupidly.

Let ME be perfectly clear: If the Dems get a single payer system, then they can charge whatever they want to/add illegals, include abortions and ration care.

TN Mom on August 3, 2009 at 4:22 PM

O/T: How long will it be before this makes its rounds on the net: Obama’s “new” Kenyan birth cert

Another “birther” thread, Ed/Allah?

VibrioCocci on August 3, 2009 at 7:40 AM

Looks about as real as the one he ‘released’

Wolftech on August 3, 2009 at 11:08 PM