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Schizophrenic Bernanke Trying to Save His Legacy

Isn’t it funny, in a Greek tragic comedy sort of way, how incompetent people in positions of power whose ideology and methodology fails utterly and completely can never seem to own up to their failures, or at least just fade away and let the process of cleaning up their mess get underway?

Such is the case with Fed Chairman Ben Bernanke, or Bernyankme if you prefer. Bernanke and all of the other liberal progressives keep trumpeting that things would have been much worse if we hadn’t spent hundreds of billions, and now trillions of dollars that we didn’t have, don’t have, and will never have. Yet they make these assertions with no real data to back them up. Just ‘feelings.’

In the first article below, Bernyankme is running around trying to salvage is legacy and convince everyone what a great job he did by spending trillions and monetizing our debt, but when confronted by a college student for concrete proof and even methodology behind his decision making on the bailouts, he can’t answer the questions. Then, in the 2nd article below, he says/admits that continuing the course that he played a major part in putting us on will lead us to total economic collapse a whole lot sooner than anyone is letting on. That’s the first really honest and competent thing I’ve ever heard him say.

I’ve said it before, and now even the Fed Chair agrees with me, we hurtling headlong into a repeat of the Weimar Republic economically, and socially if we do not RADICALLY and DRASTICALLY change course NOW. Not in 5 years, not in 10 years. We don’t have that long. If Washington doesn’t stop the deficit spending NOW, put us on a course to begin paying down our debt, get out of the way and let our economy take off, most of America has not the foggiest idea how bad things are going to get.



MCKINLEY AND FITTON: Bernanke’s fairy tale recession story for kids

Records show Fed had no coherent strategy for bank bailouts

By Vern McKinley and Tom Fitton | Wednesday, April 11, 2012

It’s an oldie but a goodie for our Federal Reserve chairman. In one of his recent lectures at George Washington University (GWU), Ben S. Bernanke made the self-congratulatory assertion that the “forceful policy response” led by the Federal Reserve in 2008 helped avoid a more serious economic downturn.

Continue reading

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Remember in November: The Democrats Caused or Did Not Prevent the Housing Crisis

Here it is in their own words, folks.  The Republicans tried to head this off at the pass, but were prevented from doing so.  The Republicans aren’t blameless in this whole mess, but the root of this problem lies with democrat legislation.



Democrat “Porn Stars” Raping “Underage” America

THIS is why EVERY rotten politician on BOTH sides of the isle MUST GO NOW!

This is the equivalent of a porn star repeatedly raping an unwilling, underage kidnapping victim while the director of the film lies about her age and lack of consent in order to sell films.  The underage rape victim in this case is America, the constitution, freedom, and liberty.  The rapist and the director are the congress/senate, and the media working hand in hand.

Many of the dirt bags on both sides of the isle are “retiring” and electing not to run for reelection in November.  They see the writing on the walls.  They know that America is fully awake now, and if they continue to screw us there will be an uprising unlike any seen since the revolutionary war.  Unfortunately, we have let these self-serving butt-monkeys do so much damage that we are likely to see a much deeper recession or an outright depression in this country when the seeds sown by liberals and “progressives” bear their poison fruit.  That depth of pain is likely to spawn a violent revolution if a new government isn’t already in place.

One of the dirt-bags who is bowing out is none other than Chris Dodd.  Not only should he not run for reelection, he should resign immediately and take Barney “Pole-Pot” Frank with him.  They should both be sharing a cell on the same block as Nancy Pelosi and several of the other idiots who are DIRECTLY responsible for laying the foundation for our economic collapse.

Not only should these clowns resign, they and all politicians should not be receiving life-long pensions.  But that’s a rant for another post.

Why is there no coverage is Obama writing a blank check, political payoff with taxpayer money?


http://www.businessandmedia.org/articles/2010/20100106131914.aspx

Networks Downplay $42 Million in ‘Outrageous’ Bonuses, ‘Unlimited’ Bailout of Fannie, Freddie

Journalists critical of pay at bailed out banks muster only 175 words to report compensation of Fannie execs.

“Outrage.” That’s what the networks found when private companies that accepted bailouts compensated their executives. It’s also what taxpayers would feel if the networks were actually reporting the latest developments with Fannie Mae and Freddie Mac, which have been protected for years by high profile Democrats Reps. Chris Dodd, Conn., and Barney Frank, Mass.

But since the Christmas Eve announcement of millions in salaries and bonuses and the Obama administration’s pledge of “unlimited financial assistance” to the mortgage giants, ABC and CBS offered a total of three brief mentions totaling 175 words about Fannie Mae and Freddie Mac. NBC hasn’t mentioned them at all.

… (Read complete article HERE)


I Told You So: Pay Czar Strikes

Remember when Obama said he didn’t want to run the car companies or the banks?  One of the early lies in his administration.  I guess it’s like the fox saying he doesn’t want to run the chicken farm.  He just wants free chickens and eggs.

When Bush started, and Obama implemented the takeover of the American auto and banking industry, I told you it was going to be bad for America.  Once these industries and companies took the bailout, they wrote their own obituaries.  I told you the government would control salaries and prices, and eventually run these businesses into the ground, or prop them up forever at tax payer expense like AMTRAK and the Post Office.  Now you have Comrade Obama’s Czar deciding arbitrarily that certain people make too much money.  Don’t believe the lie that Obama didn’t know.  He directed the whole show.

Now I, along with people like Glenn Beck and Rush Limbaugh, don’t look so much like conspiracy theorists.

On the surface this may not seem so bad.  The companies took tax payer money to stay afloat.  It would seem reasonable for the tax payers to then have some say in how that company is run.  That’s where sanity ends and the government begins.  But letting the camel’s nose of government under the tent of business is always bad.  Let’s look at why government intervention in our economy’s businesses is a bad thing.

First of all, a failing company is failing for a reason. For the benefit of consumers and the economy as a whole, companies must be allowed to fail.  Stronger, better managed ones will spring up to take their place if there is a demand for what they produce.  Subsidizing failure with tax payer dollars helps no one except bureaucrats seeking power.  You don’t get lower prices or a better product.

Second, government is inefficient.  I use the example of helping a homeless person as an example.  There are numerous churches and shelters in most cities whose mission is to help the homeless.  If I walk into one of them and give them $100, they are so close to the front lines that very little of that money will be wasted, and more food and service can be provided for the money.  If I give that same $100 to the government, less than a penny of it will trickle back down to the shelter I could have given it to.  A certain percentage of the $100 will go to running various agencies of the government.  Most of it will be used for purposes for which it was never intended (i.e. all the money that’s supposed to be in the Social Security “lock box”).  After all the money has been laundered through the apparatus of government, lost to fraud, waste, and abuse, the inefficiency leaves little money for where it was needed the most.

Third, when government interferes with business, they screw it up.  The Clinton foray into the vaccine business is one example.  They “only” took over about a third of the industry, but they started price fixing.  That’s another area where government ALWAYS screws up.  The don’t understand the difference between PRICE and COST.  When the started dictating the price of vaccines (which they arbitrarily set, and which were lower than actual costs), it became unprofitable so companies either quit making vaccines or went out of business.  The current housing and banking mess are another prime example of how government interference screws things up.  A bank, just like any other business, is in business to make money.  A bank makes money by loaning money to people for a fee.  That fee is what we know as “interest.”  Banks charge enough interest to cover their costs and make a reasonable profit to expand their business or have savings to cover tough times.  Normally, banks loan to people who are able and likely to pay the money back.  These customers are low risk.  If they loan to someone who may have trouble paying back the loan, or who is in some other way a risk, they are charged a higher interest rate to cover that risk.  That’s basically how banking has run for centuries.  Now enter Bill Clinton, Barney Frank (pronounced Fwank), Chris Dodd and company.  They authored and implemented changes to this thing known as the Community Reinvestment Act program, I’ll just call it CRAP for short.  The stated goal of their CRAP was to increase home ownership by minorities.  Again, that sounds good on the surface, but as with all things liberal it can not be taken at face value.  What it did in essence was force banks to lend based on skin color rather than risk or ability to repay.  The AMERICAN way to accomplish the goal of home ownership is for people to work hard, earn higher wages, start their own businesses, and in general improve their economic position THROUGH THEIR OWN LABORS.  The liberal way to accomplish this goal is to take from those who have earned, and give to those who have not.  So what did CRAP do?  It coerced banks into making loans to people who could not pay them back, but at the same lower interest rates charged to those who would be a lower risk.  With the normal restraint of sound banking and business practices stripped away by government, the bankers looked for a way to make money out of the scheme they had been forced into.  The details are complicated and take a while to work through.  So what happened?  The ones who would not normally have been given the loans they received defaulted on those loans.  All the bad debt that had been bought up and sold as “securities” came due and couldn’t be paid, thus causing both the banking and housing crash.  And yet Bahnee Fwank and Chris Dodd still walk the streets as free men, serving as poster children for how government screws up our lives.  As parting examples you have Medicare (the program that wasn’t supposed to cost more than $4 billion, but now cost more than $400 billion), the Department of Energy (created in the 70’s for the purpose of decreasing our dependence on foreign oil, now a huge bureaucracy costing billions of dollars and producing no results), and the Department of Education (as the number of billions of dollars poured into this money pit grows higher, our children’s test scores and education level gets lower).  The list of government failures goes on and on and on.  Tell me again why you want government in charge of ANYTHING other than national defense?

Fourth, government control removes incentive to excel or improve.  Let’s say you work for Gidget, Inc. manufacturing widgets.  You are paid by the number or properly manufactured widgets you manufacture.  You will first learn how widgets are made.  Then you will begin to make them and become proficient at making them.  Once you are proficient, you will likely try to become faster at making them so you can make more money.  This will either be done by you becoming a faster laborer, or by figuring out a way to improve the process of making widgets.  Either way makes you more valuable to the company because you are allowing the company to produce more widgets more quickly for less money, thereby increasing the company’s profit.  When government takes over Gidget, Inc. they change the wage structure for workers to an hourly wage.  Now, regardless how many widgets you produce you will get paid the same amount as someone who produces far less than you.  The natural reaction to this situation is to ask yourself “why am I killing myself for no reason?”  Workers production decreases to the minimum level that will keep them employed.  Without further incentive, workers are not likely to increase their output.

Fifth, government stifles competition.  A government run entity does not have to make a profit.  It will be propped up by taxpayer dollars regardless of how much it costs, or how much money it looses.  When government entities “compete” against private businesses that MUST make a profit, THERE IS NO COMPETITION.  The government will undercut the private business every time until the private business simply can’t afford to stay in business.

Don’t think that just because your business didn’t take the bailout that you will be exempt from the intrusion of one or more of Comrade Maobama’s Czar’s.  They have already dreamed up ways to justify controlling just about everything.  They are just waiting for a big enough “crisis” to justify the takeover.

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http://www.foxnews.com/politics/2009/10/22/pay-czar-feinberg-obama-decision-slash-executive-pay/

Pay Czar Feinberg, Not Obama, Behind Decision to Slash Executive Pay

White House pay czar Kenneth Feinberg did not seek President Obama’s approval to order steep pay cuts from bailed-out executives.

FOXNews.com

Thursday, October 22, 2009

White House pay czar Kenneth Feinberg was the driving force behind the move to order steep pay cuts from bailed-out executives, and did not even seek the president’s approval before making his decision.  (Lie.  This is a smokescreen to give Obama deniability.)

The Treasury Department is expected to formally announce in the next few days a plan to slash annual salaries by about 90 percent from last year for the 25 highest-paid executives at the seven companies that received the most from the Wall Street bailout. Total compensation for the top executives at the firms would decline, on average, by about 50 percent.

The sweeping decision, though, came from Feinberg and not from President Obama. (“You lie!”)

One official told Fox News that Feinberg from the start had the independent authority to work with companies and make such a call. Obama was never required to sign off before final decisions were made. (No, but Obama told Mr. Feinberg what he expected.)

On Thursday, the chairwoman of the panel that oversees the $700 billion federal bailout fund said the Obama administration is serious about the new plan. In an interview, Elizabeth Warren said reports of pending slashes in executive salaries are “real.”  (Of course they are real.  By dictating pay an bonuses, they are ensuring that no one who is qualified to do the job will want to work there.)

“It’s real in the sense that it says, ‘Guys, you have to understand that you can’t party on like it’s 2007. (Unless you are Barack Obama, who can have lavish weekly parties in the White House at tax payer expense while “Rome” burns.) If you’re going to take taxpayer dollars, then the game has to change. In that sense it’s real,'” she said on CBS’ “The Early Show.”

The seven affected companies are: Bank of America, American International Group, Citigroup, General Motors, GMAC, Chrysler and Chrysler Financial.

Smaller companies and those that have repaid the bailout money, including Goldman Sachs Group Inc. and JPMorgan Chase & Co., are not affected.  (Yet.)

Treasury said that Feinberg scheduled a news conference at the department to discuss the matter Thursday afternoon.

Under the plan, at the financial products division of AIG, the giant insurance company which has received taxpayer assistance valued at more than $180 billion, no top executive will receive more than $200,000 in total compensation, one person familiar with Feinberg’s plan said.

The administration also will warn AIG that it must fulfill a commitment to significantly reduce the $198 million in bonuses promised to employees in its financial services division, the arm of the company whose risky trades caused its downfall.

The pay restrictions for all seven companies will require any executive seeking more than $25,000 in special benefits — things such as country club memberships, private planes and company cars — to get permission for those perks from the government. (You’re only allowed to have things like that if you’re the government.)

Feinberg’s decisions on pay come after administration officials voiced sharp criticism in recent days of the plans of Wall Street firms to pay huge bonuses at a time when the country is still coping with rising unemployment and the effects of the recession.

It was unclear exactly how much the executives would be allowed to make, or how that would be determined. Each case is being handled individually, and no details were available on how the calculations were being made.

Tom Wilkinson, a GM spokesman, said Wednesday that the auto company was “currently in discussions with Mr. Feinberg’s office regarding executive compensation. We will have further information once those discussions have concluded.”

Gina Proia, a spokeswoman for GMAC, said the finance company has “been working on a proposal that aims at embodying the principles set forth for compensation along with balancing the need to retain critical talent necessary to execute our turnaround. Until we receive notification about that plan, we have no further comment.”

Chrysler Group issued a similar statement.

The Associated Press contributed to this report.

We’re Out of Money? How Did That Happen?

My comments below…

http://www.drudgereport.com/flashocs.htm

‘WE’RE OUT OF MONEY’

Sat May 23 2009 10:32:18 ET

In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: “We are out of money.” (Really?  You don’t say…)

C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president. (Probing questions? That would be a first for this “president.”)

SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?

OBAMA: Well, we are out of money now. (Shocker!) We are operating in deep deficits, not caused by any decisions we’ve made on health care so far. (Notice how he is still angling for the universal Obama-care? More on this in a minute…) This is a consequence of the crisis that we’ve seen and in fact our failure to make some good decisions on health care over the last several decades. (The crisis we are facing now has very, very, very LITTLE to do with health care up to this point in our country. It does, however, have a great deal to do with government interference in and with the markets and other sectors of business.)

So we’ve got a short-term problem, which is we had to spend a lot of money to salvage our financial system, we had to deal with the auto companies, a huge recession which drains tax revenue at the same time it’s putting more pressure on governments to provide unemployment insurance or make sure that food stamps are available for people who have been laid off. (Social spending. What does social spending do to end a recession? Nothing. How does social spending pay off debt or create wealth? It doesn’t. American people are generous enough that if you don’t tax away all of their spare income, the hungry will eat, and neighbors will help neighbors weather the storm.)

So we have a short-term problem and we also have a long-term problem. The short-term problem is dwarfed by the long-term problem. (He actually got that right. The short term problem (the quadrupled deficit he has created) will be dwarfed by the debt and deficit tsunami his policies are generating that will hit us like a 100 foot wall of water in the next 2-5 years.) And the long-term problem is Medicaid and Medicare. If we don’t reduce long-term health care inflation substantially, we can’t get control of the deficit. The 800 pound gorilla in the room that no one wants to kick out is malpractice litigation. When a doctor legitimately screws up, he should pay. However, there are so many frivolous law suits from gold diggers that doctors spend much of their time and money defending against them rather than studying or practicing medicine. If we let government take over health care, it won’t bankrupt us, it will BURY us. We are already bankrupt from the application of Obamanomics. Most medical experts estimate the cost to government for universal health care ranging from the BEST case of $2 trillion, to as much as $6 trillion when factoring in 7% medical inflation. And since government by definition does not create wealth, where does the money to pay for this futile exercise come from? My wallet and your wallet. And since our great grand children that are yet to be born are already broke in anticipation of their share of the m-O-ssiah’s vision for America, we can’t afford this hallucination of his about government run health care.)

So, one option is just to do nothing. We say, well, it’s too expensive for us to make some short-term investments in health care. We can’t afford it. We’ve got this big deficit. Let’s just keep the health care system that we’ve got now. If you got government out of the picture, and didn’t force the health care system to absorb the costs for illegal aliens and dead-beats, I could still do like my parents did when I was a child and pay $30 for a doctor visit, or pay for a major operation in cash.)

Along that trajectory, we will see health care cost as an overall share of our federal spending grow and grow and grow and grow until essentially it consumes everything… (Again, he actually got something right. When government either continues to interfere with medicine, or worse yet, takes it over, its cost will grow exponentially. Golden nugget: Government can control PRICES, but they can’t control COSTS. When they inevitably institute price and salary controls on the medical industry, the costs will explode.)

SCULLY: When you see GM though as “Government Motors,” you’re reaction?

OBAMA: Well, you know – look we are trying to help an auto industry that is going through a combination of bad decision making over many years and an unprecedented crisis or at least a crisis we haven’t seen since the 1930’s. And you know the economy is going to bounce back and we want to get out of the business of helping auto companies as quickly as we can. (Out of the business of helping, and into the business of owning/running.) I have got more enough to do without that. In the same way that I want to get out of the business of helping banks, but we have to make some strategic decisions about strategic industries… …after running them into the ground so that government is the only option, and dependency on government is guaranteed.)

SCULLY: States like California in desperate financial situation, will you be forced to bail out the states?

OBAMA: No. I think that what you’re seeing in states is that anytime you got a severe recession like this, as I said before, their demands on services are higher. So, they are sending more money out. At the same time, they’re bringing less tax revenue in. And that’s a painful adjustment, what we’re going end up seeing is lot of states making very difficult choices there… (Rather than cut costs, California was still trying to ram through all of their tax increases to fund a substantial increase in the size of the budget, backed up by a $22 billion deficit. Quit paying taxpayer money to illegals and you immediately cut that deficit in half. Deport the illegals that make up a large portion of the prison population, and you get back another billion or two. There are so many places that could easily be cut with minimal pain to LEGAL AMERICAN CITIZEN CALIFORNIA RESIDENTS. Yet the idiot politicians lead by the European Union spy Arnold Schwarzenegger insist on continuing to grow government even in a recession.)

SCULLY: William Howard Taft served on the court after his presidency, would you have any interest in being on the Supreme Court?

OBAMA: You know, I am not sure that I could get through Senate confirmation… (I would certainly hope not. After peeking behind the curtain of Obamunism and the liberal apparatus, I would hope the voters have enough sense in the next election to vote many of these liberal fools from office.)

Developing…

Government Motors Shipping Taxpayer Funded Jobs Overseas

Government Motors sticking it to the taxpayer.

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/07/AR2009050704336_pf.html

Under Restructuring, GM To Build More Cars Overseas

By Peter Whoriskey
Washington Post Staff Writer
Friday, May 8, 2009

The U.S. government is pouring billions into General Motors in hopes of reviving the domestic economy, but when the automaker completes its restructuring plan, many of the company’s new jobs will be filled by workers overseas. (I guess that’s one way to get rid of the overhead cost of union labor…)

According to an outline the company has been sharing privately with Washington legislators, the number of cars that GM sells in the United States and builds in Mexico, China and South Korea will roughly double.

The proportion of GM cars sold domestically and manufactured in those low-wage countries will rise from 15 percent to 23 percent over the next five years, according to the figures contained in a 12-page presentation offered to lawmakers in response to their questions about overseas production.

As a result, the long-simmering argument over U.S. manufacturers expanding production overseas — normally arising between unions and private companies — is about to engage the Obama administration.

Essentially in control of the company, the president’s autos task force faces an awkward choice: It can either require General Motors to keep more jobs at home, potentially raising labor costs at a company already beset with financial woes, or it can risk political fury by allowing the automaker to expand operations at lower-cost manufacturing locations. (Let’s see.  Which way is the political wind blowing?  Whatever the m-O-ssiah decides will not be because it benefits the country or GM.  It will be what benefits Obama and advances his communist agenda.)

“It’s an almost impossible dilemma,” said former labor secretary Robert B. Reich, now a professor at the University of California-Berkeley. “GM is a global company — so for that matter is AIG and the biggest Wall Street banks. That means that bailing them out doesn’t necessarily redound to the benefit of the U.S. or American workers.  (Really?  That’s news.  Since when would bailing out a failing company, with a bad business model, and poor management practices EVER be a good idea?)

“More significantly, it raises fundamental questions about the purpose of bailing out these big companies. If GM is going to do more of its production overseas, then why exactly are we saving GM?”  (The purpose of the bailout was to make political hay for Uh-bama, and to advance socialism.  Don’t be stuck on stupid.)

The administration has aroused similar complaints by shepherding a merger between Chrysler and Italian automaker Fiat. But it has extracted a promise from Fiat that it will build small cars in the United States.

The complaints about GM’s operations portend a potentially larger argument, a political dispute led in part by the United Auto Workers. (Let’s see if I have this right.  Obama is going to give 55% of GM to the UAW who is a big portion of the financial woes of GM, and will then turn around and start producing GM cars overseas.  Will we see union jobs go away as a result?  I doubt it.  Just like before, hundreds of union employees will be getting paid to sit around and do nothing AT TAX PAYER EXPENSE.)

“The bottom line is GM would rather pay $2 an hour — and it’s a slippery slope downward,” said Alan Reuther, the UAW’s legislative director. “If GM is going to be getting government assistance, they ought to be maintaining their manufacturing footprint in the U.S. rather than going off to China, Mexico and South Korea.” (GM will wind up paying $2 an hour for Mexicans to build their cars, and will still be paying un-utilized union workers $75,000 per year to do nothing (with tax payer money).  Then the liberals will complain that GM is engaging in sweat shop practices and demand that they pay the overseas workers the same as the UAW workers.  With the government involved, this is a lose/lose/fail situation.)

Labor costs in those countries are far lower. While paying a U.S. autoworker with benefits costs about $54 an hour, a South Korean worker earns about $22 an hour, a Mexican worker earns less than $10 an hour and some Chinese workers can earn as little as $3 an hour, industry sources said.

On Tuesday and Wednesday, GM chief executive Fritz Henderson met with legislators and sought to ease their concerns over the overseas operations.

He emphasized that the company, which is shuttering factories at home, is also canceling projects in Mexico, Russia and India.

He also assured legislators that none of the figures are final, and that negotiations with the union are ongoing.

“We continue to work closely with GM, UAW, and all the stakeholders to further refine and develop GM’s plan,” a Treasury spokesman said.

The U.S. government has loaned GM $15.4 billion. But billions more are expected to be invested, and under the current plan, it will be the majority owner of the company.

The company forecasts that between 2010 and 2014, as the recession recedes, its U.S. sales will rise from 2.4 million to 3.1 million.

Most of that growth — about two-thirds of it — will occur in the United States. But about one-third of that growth will come from other countries, mostly Mexico and South Korea.

Those proportions roughly reflect how GM builds the cars it sells in the United States today — about two-thirds come from the United States and one-third from other countries.

According to the figures shared with lawmakers, the percentage of GM’s U.S. sales of cars built in the United States dips from 67 percent in 2009 to 61 percent in 2012. Yet the company projects that by 2014 the percentage will rebound to 66 percent.

Under the viability plan, “the U.S. percentage stays roughly the same,” Henderson said in an interview last week.

But the union and some legislators object that the company’s U.S.-funded revival should not help pay for expanding foreign operations. Moreover, they believe that planned cuts in Canadian production — down 23 percent — will have direct effects on U.S. jobs because the U.S. and Canadian auto industries are so intertwined.

“If you are shutting down plants in this country, U.S. tax dollars should not go for building plants in other countries,” said Sen. Sherrod Brown (D-Ohio), who was among those who met with Henderson.

But company officials and industry analysts have long argued that, even putting aside the issue of labor costs, it makes logistical sense to build some cars in other countries, even if they are destined for sale in the United States.

Take, for example, the Chevrolet Spark, a tiny car that GM sells in South Korea and elsewhere in Asia. In the next few years, the company plans to send some of those cars — which are built in Changwon — to the United States for sale.

But since only about 5 percent of the car’s market will be in the United States, the manufacturing will remain in South Korea.

Analysts who study the auto companies and their global operation warn against allowing political passions to obstruct GM’s efficiency.

“If we start making political decisions with the auto industry, we’re going to be in tremendous trouble,” said Michael Robinet, vice president of global vehicle forecasts at CSM Worldwide.

The 1st 100 Failed Days and the 100 Mistakes Behind Them

To cap of his 1st 100 days of failure, he and the commu-crats are trying to ram through the socialized medicine legislation that will destroy our health care system.  Whether or not you get health care will depend on a formula designed by the liberals that determines how much utility to the state you have remaining.  Old people will receive a death sentence under this system.  If you have enough money to buy insurance, you will be forced by law to buy the government insurance.  You will not be allowed to put your money to other uses, or spend it on competing insurance plans.  America is the last bastion of modern medicine and medical innovation in the world.  America is where those from other countries who can afford their own health care come when they have more than a head cold.  When Obama and his fellow communists in the congress and senate succeed in destroying our health care system, where will the rest of the world go?  Make no mistake about it.  If this abortion of a bill passes, it will never be reversed.  Just like Social Security, Medicare, and Medicaid were supposed to be temporary, this plan will be with us until our country is bankrupt.  On the upside, the way Obama is spending money, that won’t be very long.

100 DAYS, 100 MISTAKES

JOE SCARBOROUGH, GLENN BECK AND OTHERS ON OBAMA’S SHORT, ERROR-PRONE TIME IN OFFICE

Last updated: 12:38 pm
April 27, 2009
Posted: 12:38 pm
April 25, 2009

Due to an editing error, a portion of this piece originally was improperly credited to Sarah Palin, when it should have been attributed to Meghan Clyne.

1. “Obama criticized pork barrel spending in the form of ‘earmarks,’ urging changes in the way that Congress adopts the spending proposals. Then he signed a spending bill that contains nearly 9,000 of them, some that members of his own staff shoved in last year when they were still members of Congress. ‘Let there be no doubt, this piece of legislation must mark an end to the old way of doing business, and the beginning of a new era of responsibility and accountability,’ Obama said.” — McClatchy, 3/11

2. “There is no doubt that we’ve been living beyond our means and we’re going to have to make some adjustments.” — Obama during the campaign.

3. This year’s budget deficit: $1.5 trillion.

4. Asks his Cabinet to cut costs in their departments by $100 million — a whopping .0027%!

5. “The White House says the president is unaware of the tea parties.” — ABC News, 4/15

6. “Mr. Obama is an accomplished orator but is becoming known in America as the ‘teleprompt president’ over his reliance on the machine when he gives a speech.” — Sky News, 3/18

7. In early February, the 2010 census was moved out of the Department of Commerce and into the White House, politicizing how federal aid is distributed and electoral districts are drawn.

8. Obama taps Nancy Killefer for a new administration job, First Chief Performance Officer — to police government spending. But it surfaces that Killefer had performance issues of her own — a tax lien was slapped on her DC home in 2005 for failure to pay unemployment compensation tax on household help. She withdrew.

9. Turkey tried to block the appointment of Anders Fogh Rasmussen as new NATO secretary general because he didn’t properly punish the Danish cartoonist who caricatured Mohammed. France’s Nicolas Sarkozy and Germany’s Angela Merkel were outraged; Obama said he supported Turkey’s induction into the European Union.

10. . . . and he never mentioned the Armenian genocide.

11. The picture of Obama and Hugo Chavez shaking hands.

12. Hugo Chavez gave him the anti-American screed “The Open Veins of Latin America.” Obama didn’t remark upon it. At least it wasn’t DVDs.

13. Nicaragua’s Daniel Ortega went on a 50-minute anti-American rant, calling Obama “president of an empire.” Obama didn’t leave the room. “I thought it was 50 minutes long. That’s what I thought,” he said.

14. Executives at AIG get $165 million in bonuses, despite receiving an $173 billion taxpayer bailout.

15. “For months, the Obama administration and members of Congress have known that insurance giant AIG was getting ready to pay huge bonuses while living off government bailouts. It wasn’t until the money was flowing and news was trickling out to the public that official Washington rose up in anger and vowed to yank the money back.” — Associated Press, 3/18

16. “After pushing Congress for weeks to hurry up and pass the massive $787 billion stimulus bill, President Obama promptly took off for a three-day holiday getaway.” — New York Post, 2/15

17. MEGHAN CLYNE ON: “I WON” AND THE DEATH OF BIPARTISANSHIP

“Obama soared to victory on the hopeful promise of a new era of bipartisanship. During his inaugural address he even promised an ‘end to the petty grievances and false promises, the recriminations and worn-out dogmas, that for far too long have strangled our politics.’

“Too bad it took all of three days for the promise to ring hollow.

“Start with Obama’s big meeting with top congressional leaders on his signature legislation — the stimulus — on the Friday after his inauguration. Listening to Republican concerns about overspending was a nice gesture — until he shut down any hopes of real dialogue by crassly telling Republican leaders: ‘I won.’ Even the White House’s leaking of the comment was a slap at the Republican leadership, who’d expected Obama to adhere to the custom of keeping private meetings with congressional leadership, well, private.

“It’s only gone downhill from there. The stimulus included zero Republican recommendations, and failed to get a single House Republican vote.

“It’s not just the tactic of using Republicans for bipartisan photo-ops, and then cutting them loose before partisan decisions, that irks Obama’s opponents. The new president wasted no time rushing forward with policies and legislation guaranteed to drive Republicans nuts. The first bill he signed into law was the Lilly Ledbetter Fair Pay Act — a partisan hot-button that drew all of eight Republican supporters in the entire Congress. Then there was the swift reversal of Bush policies on abortion and embryonic-stem-cell research — issues dear to the Republican base.

“And when Obama and the Democrats in Congress took up SCHIP — the children’s health-insurance bill that Republicans say vastly expands government’s role in health care — they had an easy chance for real bipartisanship. After all, the bill had been hashed out in the previous Congress, and a bipartisan accord was reached before President Bush responded with a veto. Did the Obama team push for the compromise version in the 111th Congress? Nope. They went back to the drawing board, ramming through the Democrats’ dream version.

“Of course, the lack of bipartisanship isn’t limited to Capitol Hill. Obama has taken gratuitous swipes at the Republicans who recently decamped Washington, blaming President Bush for everything from the economy and the war to the lack of sufficient puppies and rainbows. And who could forget the Rush Limbaugh flap — in which Obama’s top advisers, including chief of staff Rahm Emanuel, orchestrated a public relations campaign meant to undermine the Republican National Committee chairman, Michael Steele, by framing talk-radio personality Limbaugh as the real head of the Republican Party.

“For now, Obama’s back-pedal on the bipartisanship promise just makes him look insincere. But the real consequences of the mistake will be felt soon enough. As Presidents Bush and Clinton could tell him, congressional majorities do change — and at some point, Obama will need Republicans on his side. He’d be smart to spend his second 100 days making up for the serious snubs of his first.”

— Meghan Clyne is a DC-based writer.

18. “The willingness of a small percentage of military personnel to join extremist groups during the 1990s because they were disgruntled, disillusioned or suffering from the psychological effects of war is being replicated today.” — Department of Homeland Security intelligence report

19. Nixes a “buy American” provision in the stimulus bill.

20. “Yes, Canada is not Mexico, it doesn’t have a drug war going on. Nonetheless, to the extent that terrorists have come into our country or suspected or known terrorists have entered our country across a border, it’s been across the Canadian border. There are real issues there.” — Homeland Security Secretary Janet Napolitano. The 9/11 hijackers did not come across the Canada border

21. “The Obama administration is signaling to Congress that the president could support taxing some employee health benefits, as several influential lawmakers and many economists favor, to help pay for overhauling the health care system. The proposal is politically problematic for President Obama, however, since it is similar to one he denounced in the presidential campaign as ‘the largest middle-class tax increase in history.’ ” — New York Times, 3/14

22. JOE SCARBOROUGH ON: PROMOTING FEAR

“During his historic inaugural speech, Barack Obama promised to usher in a transformational age where hope would replace fear, unity would overtake partisanship, and change would sweep aside the status quo. But early in President Obama’s first 100 days it is obvious that the only thing that is changing is the Candidate of Change, himself.

“The same politician who proclaimed during his inauguration that ‘on this day we have chosen hope over fear’ soon warned Americans that the US economy would be forever destroyed if the stimulus bill was voted down.

“Why was it that same man who promised to put Americans’ interests ahead of his own political ambitions chose instead to use the suffering of citizens to advance his agenda?

“Maybe he was following the guidance of Rahm Emanuel, who famously said, ‘You never want to waste a good crisis.’

“They didn’t.

“The White House’s warnings were so over-the-top that Bill Clinton felt compelled to warn the new president against making such grim pronouncements. Americans would quickly warn that the White House would not channel FDR’s eternal optimism but rather embrace the gloomy worldview of Edgar Allen Poe.

“The Candidate of Hope also quickly adopted the Nixonian worldview that Americans voted their fears rather than their hopes. Over Mr. Obama’s first 100 days, that cynical calculation paid off politically for a White House that seemed most interested in appeasing the most liberal members of his Democratic Party.

“I expected more from Barack Obama. For the sake of my country, I hope I get it from the new president over the next 100 days.”

— Joe Scarborough, host of MSNBC’s “Morning Joe” and author of “The Last Best Hope: Restoring Conservatism and America’s Promise” (Crown Forum), due out June 9.

23. Sanjay Gupta was in discussions to become Surgeon General, but the TV personality withdrew after he was criticized for his flimsy political record.

24. Rasmussen finds 58% of Americans believe the Obama administration’s release of CIA memos endangers the national security of the United States.

25. Only 28% think the Obama administration should do any further investigating of how the Bush administration treated terrorism suspects.

26. “Obama thanked CIA employees for their work and said they’re invaluable to national security. He explained his decision to release the memos, then told everyone not to feel bad because he was now acknowledging potential mistakes. Theirs, not his. ‘That’s how we learn,’ Obama said, as though soothing a room full of fourth-graders.” — The Oklahoman, 4/23

27. By releasing the torture memos, Obama opened American citizens up to international tribunals. A UN lawyer said the US is obliged to prosecute lawyers who drafted the memos or else violate the Geneva Conventions.

28. In their first meeting, British Prime Minister Gordon Brown gave Obama a carved ornamental penholder from the timbers of the anti-slavery ship HMS Gannet. Obama gave him 25 DVDs that don’t work in Europe.

29. TIM CARNEY ON: PICKING BILL RICHARDSON AS SECRETARY OF COMMERCE

“Richardson’s value in Obama’s Cabinet had everything to do with appearances. First, he was the Hispanic pick. Second, because Richardson had run against Obama for President, tapping him for the Cabinet helped the media write the Obama-Lincoln comparisons by burnishing the ‘Team of Rivals’ image.

“But Richardson withdrew before Obama was even inaugurated when news came out about a criminal investigation involving David Rubin, president of a firm named Chambers, Dunhill, Rubin & Co. (although there was no Chambers or Dunhill), who had donated at least $110,000 to Richardson’s campaign committees and had also profited from $1.5 million in contracts from the state government.

“This was an early warning sign about Obama’s vetting process (various tax problems and the Daschle problem would reveal this as a theme), but picking Richardson to run Commerce also highlighted that Obama and Richardson’s promise of ‘public-private partnerships’ — such as Detroit bailouts, Wall Street bailouts, and green energy–was an open door for corruption and was at odds with Obama’s promise to diminish the influence of lobbyists.

“The Richardson mistake was one of Obama’s first, and it was emblematic. Richardson embodied Obama’s attention to self-image and the problems inherent in his vision of an intimate business-government connection.”

— Tim Carney is a Washington Examiner columnist

30. Timothy Geithner nomination as Secretary of Treasury was almost torpedoed when it was discovered he had failed to pay $34,000 in Social Security and Medicare taxes. He also employed an illegal immigrant as a housekeeper. He was confirmed anyway.

31. . . . Not so lucky, Annette Nazareth, who was nominated for Deputy Treasury Secretary. She withdrew her name for undisclosed “personal reasons” after a monthlong probe into her taxes . . .

32. . . . or Caroline Atkinson, who withdrew as nominee for Undersecretary of International Affairs in Treasury Department, with a source blaming the long vetting process. Geithner still has a skeleton crew at Treasury, with no one qualified — or willing — to take jobs there.

33. “Barack Obama has been embroiled in a cronyism row after reports that he intends to make Louis Susman, one of his biggest fundraisers, the new US ambassador in London. The selection of Mr. Susman, a lawyer and banker from the president’s hometown of Chicago, rather than an experienced diplomat, raises new questions about Mr Obama’s commitment to the special relationship with Britain.” — Telegraph, 2/22

34. Obama’s doom-and-gloom comments and budget bill push the Dow below 7,000, from which it’s only recently recovered.

35. “You’re sitting here. And you’re — you are laughing. You are laughing about some of these problems. Are people going to look at this and say, ‘I mean, he’s sitting there just making jokes about money–‘ How do you deal with — I mean: Explain. Are you punch-drunk?” — Steve Kroft, “60 Minutes,” 3/22

36. “We have begun to modernize 75% of all federal building space, which has the potential to reduce long-term energy costs by billions of dollars on behalf of taxpayers. We are providing grants to states to help weatherize hundreds of thousands of homes, which will save the families that benefit about $350 each year. That’s like a $350 tax cut.” — Obama, describing something that doesn’t cut taxes.

37. “The Obama administration has directed defense officials to sign a pledge stating they will not share 2010 budget data with individuals outside the federal government.” — Defense News, 2/19

38. Backtracking on a campaign promise he made to black farmers, Obama significantly lowered the amount of money they could claim in a discrimination settlement against the Agricultural Department. “I can’t figure out for the life of me why the president wouldn’t want to implement a bill that he fought for as a US senator,” said John Boyd, head of the National Black Farmers Association.

39. “I’ve been practicing bowling. I bowled a 129. It was like the Special Olympics or something.” — Obama on “The Tonight Show”

40. Obama lifts travel and remittance restrictions on Cuba.

41. Obama considers dropping the embargo on Cuba.

42. After warming signs from Raul Castro, Fidel Castro says Obama “misinterpreted” his brother’s words, and that Cuba would not be willing to negotiate about human rights.

43. Obama is considering dropping a key demand to Iran, allowing it to keep nuclear facilities open during negotiations.

44. In a letter to Dmitri Medvedev, Obama offered to drop plans for a missile shield in Europe in exchange for Russia’s help in resolving the nuclear weapons issue in Iran.

45. Medvedev said he would not “haggle” on Iran and the missile shield.

46. Obama asked Congress for an extra $83.4 billion to fund operations in Iraq and Afghanistan, a special funding measure of the kind he opposed while in the senate. As a candidate, Obama promised to cut the cost of military operations.

47. After trying to woo Europe as the “anti-Bush,” Obama made an impassioned plea for more troops in Afghanistan. “Europe should not simply expect the United States to shoulder that burden alone,” he said. “This is a joint problem it requires a joint effort.” Only the UK offered substantial help, most others refused.

48. “While the online question portion of the White House town hall was open to any member of the public with an Internet connection, the five fully identified questioners called on randomly by the president in the East Room were anything but a diverse lot. They included: a member of the pro-Obama Service Employees International Union, a member of the Democratic National Committee who campaigned for Obama among Hispanics during the primary; a former Democratic candidate for Virginia state delegate who endorsed Obama last fall in an op-ed in the Fredericksburg Free Lance-Star; and a Virginia businessman who was a donor to Obama’s campaign in 2008.” — Washington Post, 3/27

49. Obama bows to King Abdullah of Saudi Arabia at a G-20 meeting in London.

50. “It wasn’t a bow. He grasped his hand with two hands, and he’s taller than King Abdullah.” — An Obama aide

51. DANA PERINO ON: REMAINING IN CAMPAIGN MODE

“Has it really only been 100 days? In many ways it feels like a lot longer.

“That’s partly because the new administration remains in campaign mode most of the time. Now that’s not in itself a bad thing if you can do that and accomplish your agenda. But what’s happened is that a popular new president has laid out a very bold agenda in the midst of an economic crisis, and I don’t think Congress is going to get a lot of work done on those big ticket items this year. They’ll eke out a couple of small wins on issues like healthcare and maybe energy, but the Democrats will hail them as big victories. The Republicans have been working like a cohesive and loyal opposition party, and they need to continue to outline positive new ideas like the recent one to help grow American’s savings.

“The early stumbles on the administration’s high profile nominations — Daschle and Richardson for just to examples — acted like weights around their ankles. In addition, the partisan shots from the White House were unbecoming and I don’t think we’ll see more of that. Our allies and our enemies — heck, even we ourselves — are trying to understand the new foreign policy direction, which in some ways seems to be change just for the sake of change. The next moves by the leaders of other countries — like Iran, North Korea and Venezuela — probably will prove that really not much will change just because America has a new president.

“In many ways, it’s the next 100 days that will tell us more about our new president and what he’ll be able to accomplish than we can forecast based on the first 100 days.”

— Dana Perino was White House press secretary in the Bush Administration

52. “We can’t afford to make perfect the enemy of the absolutely necessary.” — Obama, describing the stimulus bill

53. Three candidates for ambassador to the Vatican — including Caroline Kennedy — were turned down by the Holy See because they supported abortion, according to reports.

54. After saying he wouldn’t have lobbyists in his administration, Obama made 17 exceptions in the first two weeks in office.

55. . . . including Tom Daschle, who worked as a top lobbyist yet was going to be appointed Secretary of Health and Human Services — until his failure to pay income taxes derailed his nomination.

56. For an April 14 speech at Georgetown, the administration asked the university to cover up all signs and symbols — including the letters “IHS” in gold, a symbol for Jesus.

57. Samantha Power, who resigned from the Obama campaign after calling Hillary Rodham Clinton a “monster,” was hired to a position on the National Security Council.

58. “Chicago has yet to recoup the $1.74 million cost of President Obama’s victory celebration in Grant Park — despite a burgeoning $50.5 million budget shortfall that threatens more layoffs and union concessions.” — Chicago Sun-Times, 2/20

59. Firing Rick Wagoner as president of GM.

60. Threatening to fire Vikram Pandit as CEO of Citigroup.

61. Threatening to fire anyone the administration doesn’t like from any company.

62. Not adopting a dog from a shelter.

63. “The GAO study asserts that officials from most of the states surveyed ‘expressed concerns regarding the lack of Recovery Act funding provided for accountability and oversight. Due to fiscal constraints, many states reported significant declines in the number of oversight staff — limiting their ability to ensure proper implementation and management of Recovery Act funds.’ ” — ABC News, 4/23

64. “The National Newspaper Publishers Association named Obama ‘Newsmaker of the Year.’ The president is to receive the award from the federation of black community newspapers in a White House ceremony this afternoon. The Obama White House has closed the press award ceremony to the press.” — Los Angeles Times, 3/20

65. “Though this nation has proudly thought of itself as an ethnic melting pot, in things racial we have always been and continue to be, in too many ways, essentially a nation of cowards.” — Attorney General Eric Holder

66. “I didn’t want to get into a Nancy Reagan thing about, you know, doing any seances.” — Obama, on consulting with only “living” presidents

67. Obama quietly announced that he would not press for new labor and environmental regulations in the North American Free Trade Agreement, going back on a campaign promise.

68. NICOLE GELINAS ON: MISSPENT STIMULUS

“One of Obama’s most poignant missed opportunities was in not using the historic $787 million stimulus package to reorder state and local government’s spending priorities. As states and cities continue to spend ceaselessly and without results on education and healthcare, they’re crowding out investments in the physical infrastructure that the private sector needs to rebuild the economy.

“In the stimulus, of the more than $200 billion that went directly to states and cities, nearly 70% went to education and healthcare spending. Only 24% went to infrastructure spending.

“But the states and cities in the most trouble already spend way too much on education and healthcare, pushing taxes up and sending private industry away. They don’t spend nearly enough on infrastructure, which attracts the private sector and builds the real economy.

“As David Walker, former comptroller general of the US, said at the Regional Plan Association’s annual meeting a week ago, nationwide, we are the ‘highest in the world’ on education. We are ‘the highest in the world’ on healthcare. ‘Nobody comes even close.’ On infrastructure, by contrast, we are ‘below average’ in both critical new investments and in much-needed maintenance spending.

“And, as Democratic governor of Pennsylvania Ed Rendell said at the same conference, when President Dwight Eisenhower left office, infrastructure spending was about 12.5% of non-military domestic spending. Today, it’s about 2.5%.

“This shortfall is obvious to anyone who’s ridden on an “express train” to the outer boroughs or driven on the Cross Bronx Expressway recently. But in New York, as elsewhere, the stimulus money has just allowed the state to ramp up spending on its wasteful, inhumane Medicaid program and its nosebleed public-school spending.

“Meanwhile, the subways are about to crumble into oblivion — taking the economy with them. The same is true of decaying infrastructure in California and in aging states across the nation.

“The stimulus was a once-in-a-generation chance to change this. Instead, it made the situation worse.”

— Nicole Gelinas is a contributing editor to City Journal

69. “The Justice Department is asking the Supreme Court to overrule Michigan v. Jackson, the 1986 Supreme Court decision that held that if police may not interrogate a defendant after the right to counsel has attached, if the defendant has a lawyer or has requested a lawyer. This isn’t the first time the Justice Department, under President Obama, has sought to limit defendants’ rights.” — TalkLeft blog

70. “By any measure, my administration has inherited a fiscal disaster.” — Obama

71. “Ahh, see. I came down here to visit. See this is what happens. I can’t end up visiting with you guys and shaking hands if I’m going to get grilled every time I come down here.” — Brushing off questions from the White House press corps

72. On Earth Day, Obama took two flights on Air Force One and four on Marine One to get to Iowa, burning more than 9,000 gallons of fuel.

73. “President Obama’s plan to require private insurance carriers to reimburse the Department of Veterans Affairs for the treatment of troops injured in service has infuriated veterans groups who say the government is morally obligated to pay for service-related medical care.” — Fox News, 3/17

74. “And I believe the nation that invented the automobile cannot walk away from it.” — Obama during his first State Of The Union address. A German invented the automobile

75. RALPH PETERS ON: FUMBLING IN AFGHANISTAN, FAKING IT IN PAKISTAN

“We’re squandering blood and treasure in Afghanistan. Instead of concentrating fiercely on the vital task of destroying al Qaeda and its friends, the Obama administration’s determined to erect a modern nation where no nation exists. Afghanistan isn’t a country. It’s a dysfunctional reservation inhabited by tribes that hate each other. There’s no ‘Afghan’ identity. And even if our blind-to-reality efforts succeeded perfectly, the result would be meaningless.

“Except as a target range where we can gun down terrorists, Afghanistan doesn’t matter. Next door, Pakistan matters immensely. But we don’t know what to do about it. With 170 million anti-American Muslims descending into chaos as Pashtuns, Baluchis, Punjabis, Sindhis and others claw each other over the country’s shabby remains, Pakistan’s corrupt president shrugs, its military cowers, its loathsome intelligence services collude with Islamist extremists, and the safety of its nuclear weapons grows doubtful.

“Pakistan may be this generation’s chamber of horrors.

“The Obama administration’s response? Drill more wells in the Afghan countryside. Dramatically reinforce our troops in Afghanistan, sticking them with an impossible mission of modernizing a pre-medieval landscape while exposing them at the end of an insecure 1,500-mile supply line through, of all places, Pakistan.

“As for Pakistan itself, the Obama administration wants to send billions of dollars to a thieving government that makes Nigeria’s look like a Quaker meeting and to hand Pakistan’s military more arms — weapons that might soon be used against us.

“Pakistan was a bad idea when it was created in 1947. It’s a worse one now. Afghanistan wasn’t even an idea, just an accident of where other borders ended. We can’t ‘save’ either one — because neither wants to be saved on our terms.

“Obama said the right things — that Afghanistan isn’t Iraq and that our goal should be the destruction of al Qaeda. But his policies just regurgitate our Iraq strategy (one he opposed) in a profoundly different context, while ambitious generals echo Vietnam-era calls for more forces.

“Our troops will do whatever we ask, to the best of their magnificent abilities. But we should ask them to do things that make sense. We need creative strategic thought, but we’re succumbing to sheer inertia. And the president’s supporters who howled that we should abandon Iraq to concentrate on their candidate’s ‘good war’ don’t seem to be volunteering to do any fighting. Menwhle, our president’s trpped himself inside his own campaign promiseing, Vietnam!”

— Ralph Peters is the author of “Looking for Trouble: Adventures in a BeW”

77. “President Obama failed to consult Congress, as promised, before carving out exceptions to the omnibus spending bill he signed into law — breaking his own signing-statement rules two days after issuing them — and raised questions among lawmakers and committees who say the president’s objections are unclear at best and a power grab at worst.” — Washington Times, 3/24

78. Adolfo Carrion was confirmed as Director of White House Office of Urban Affairs, but is serving under a cloud after allegations that he accepted thousands of dollars in cash from developers whose projects he approved.

79. KYLE SMITH ON: GOING AFTER RUSH LIMBAUGH

“Every so often an unfocused athlete forgets about the field of play and climbs into the stands. Ty Cobb did it. Ron Artest did it. Maybe no one did it with more sick flir than the greasy, furious Hanson Brothers who, in ‘Slap Shot,’ climbed into the stands to give a beatdown to a fan.

“In March, Barack Obama sent his own personal Hanson Brothers, Chief of Staff Rahm Emanuel and spokesman Robert Gibbs, out to attack a non-politician — Rush Limbaugh — who was sitting innocently in the stands jeering the action. Limbaugh didn’t even throw a cup of beer.

“Senior White House staffers, who have already fallen into the classic trap of paying more attention to polls than fixing the country’s problems, had become obsessed with surveys showing that Limbaugh was an unpopular figure with swing voters. Pretty soon Emanuel and Gibbs developed Limbaugh Tourette’s. To paraphrase Joe Biden’s witty putdown of Rudy Giuliani, for a few days every sentence they uttered contained three things: a subject, a verb and Rush Limbaugh.

“El Rushbo, chuckling over his cigar as his ratings skyrocketed, could not have been more pleased if a picture had emerged of Obama wearing a Che Guevara T-shirt and burning the American flag on Harvard Square. Even that portion of the public that doesn’t like Rush squirmed at the embarrassing spectacle of the president’s men going all Mean Girls on an entertainer. George W. Bush‘s spokesmen maintained a dignified silence about Michael Moore. Picture them fanning out over the Sunday talk shows to denounce, and drive up the box-office receipts of, ‘Fahrenheit 9/11.’ Wouldn’t you have loved that, Michael?”

— Kyle Smith is a Post columnist

80. Forced banks that didn’t want TARP money to take it, then added on stipulations about pay and government control after the fact. Secretly forced Bank of America to buy Merrill Lynch, then allowed the bank to be criticized for overpaying.

81. “More than 90% of the guns recovered in Mexico come from the United States,” Obama said in Mexico, yet factcheck.org says, “The figure represents only the percentage of crime guns that have been submitted by Mexican officials and traced by U.S. officials. We can find no hard data on the total number of guns actually ‘recovered in Mexico,’ but US and Mexican officials both say that Mexico recovers more guns that it submits for tracing. Therefore, the percentage of guns ‘recovered’ and traced to US sources necessarily is less than 90%.”

82. Obama: “[Jim Owens, the CEO of Caterpillar, Inc.], said that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off.” Jim Owens: “I think realistically no. The truth is we’re going to have more layoffs before we start hiring again.”

83. “In America, there is a failure to appreciate Europe’s leading role in the world. Instead of celebrating your dynamic union and seeking to partner with you to meet common challenges, there have been times where America has shown arrogance and been dismissive, even derisive.” — Obama in Strasbourg, France

84. Joe Biden: “If we do everything right, if we do it with absolute certainty, if we stand up there and we really make the tough decisions, there’s still a 30% chance we’re going to get it wrong.”

85. Joe Biden: “You all worked for change. You wanted to see change. Well, that wasn’t a hard thing to try to communicate to the American people. Obviously, obviously, we needed a change almost no matter who was running.”

86. Joe Biden: “You know, I’m embarrassed. Do you know the Web site number? I should have it in front of me and I don’t. I’m actually embarrassed.”

87. “There are more than 6.5 million trucks in the United States. The program Congress terminated allowed 97 Mexican trucks to roam among them. Ninety-seven! Shutting them out not only undermines NAFTA. It caused Mexico to retaliate with tariffs on 90 goods affecting $2.4 billion in U.S. trade coming out of 40 states.” — Charles Krauthammer, 3/20

88. DAVID M. DRUCKER ON: BOWING TO CONGRESS

“Although the president possesses enormous political capital — both because of high approval ratings and because his administration is still in its infancy — he has generally declined to exercise it with Democratic leaders in the House and Senate, including when it comes to crafting legislation key to moving his agenda forward.

“Rather he has allowed House Speaker Nancy Pelosi (D-Calif.) and Senate Majority Leader Harry Reid (D-Nev) to craft legislation as they see fit — even though the very bills in question were proposed by the president and involve key planks in his agenda. Among them were Obama’s signature $787 billion economic stimulus bill, his first major piece of legislation that was signed into law in February; and now health care reform, currently being negotiated on Capitol Hill with minimal input from the White House.

“This soft-pedal style of leadership runs the risk of forcing Obama to embrace legislation constructed for narrow partisan interests rather than in a manner capable of garnering broad bipartisan support. Over time, the public might come to see Obama’s deference to Pelosi and Reid as a weakness of leadership not befitting a president in tough times.”

— David M. Drucker is a staff writer for Roll Call

89. “It has become apparent during this process that this will not work for me as I have found that on issues such as the stimulus package and the Census, there are irresolvable conflicts for me.” — Sen. Judd Gregg (R-N.H.), who became the second failed Commerce Secretary nominee

90. In the third sentence of his first speech as president, Obama said, “44 Americans have now taken the presidential oath.” The correct number is 43, as Grover Cleveland served twice.

91. The $49 million inauguration — triple what taxpayers spent at Bush’s first inauguration.

92. Giving the Queen of England an iPod full of his own speeches.

93. Three prime-time briefings in his first 100 days, eating into television revenues and this Wednesday pre-empting “American Idol.”

94. “The United States government has no interest in running GM. Your [GM] warranty will be safe. In fact, it will be safer than it’s ever been, because starting today, the United States government will stand behind your warranty.” — Obama

95. GM is given $15.4 billion in loans from the government.

96. The Obama Administration is trying to scuttle a lawsuit filed in federal court against Iran by former US embassy hostages. The lawsuit alleges that Iranian President Mahmoud Ahmadinejad was one of the hostage-takers who interrogated the captives.

97. GLENN BECK ON: BAD ECONOMIC PREDICTIONS

“Ten days before his inauguration, the President’s chair of the Council of Economic Advisers, Christina Rohmer, released a report describing what to expect economically during the first 100 days and beyond. It presented two starkly different scenarios: one good (if the stimulus were to be passed), and one terrifyingly bad (if we did nothing). Amazingly, the report estimated that if the stimulus package were to pass, the unemployment rate would not go above 8% at any time until at least 2014.

“It’s already at 8.5%.

“In fact, while there is an acknowledged level of uncertainty, the projections estimated that the unemployment rate would be lower today if we had done nothing at all. This suggests one of two things: either the administration misjudged the seriousness of our economic problems, or the stimulus plan is actually making things worse. I suspect it’s a little of both.

“Remember, when the President’s budget was released, he was roundly criticized for his never ending deficits, even under his own optimistic scenarios for growth. The nonpartisan Congressional Budget Office projected deficits that were even uglier. But, if the President and his economic planners were this far off, this soon, how much worse does the future look now?

“The election was supposed to bring ‘change,’ but I was hoping for more than the letter after the President’s name, the positivity of the media coverage, and the hypoallergenic qualities of the White House puppy. President Obama didn’t get us into this situation, but so far he’s doubling down on the same spending philosophy that did. Common sense tells us that new debt is not the cure for old debt. No matter what the slogans say, that won’t change in 100 days or 100 years.”

— Glenn Beck is the host of the “Glenn Beck” show, weekdays at 5 p.m. on Fox News.

98. “Education Secretary Arne Duncan has decided not to admit any new students to the D.C. voucher program, which allows low-income children to attend private schools … For all the talk about putting children first, it’s clear that the special interests that have long opposed vouchers are getting their way.” — Washington Post, 4/11

99. Obama enrolled his daughters in a DC private school.

100. “Don’t think we’re not keeping score, brother.” — Obama to Rep. Peter DeFazio, after the Democratic congressman voted against the stimulus bill.

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