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Showing posts from April, 2010

Goldman Sachs: The New Halliburton

The indictment of Investment firm Goldman Sachs on fraud charges by the Justice Department has made them the official corporate pinata of the anti capitalist left in America. Several years ago it was Enron who was later supplanted by oil services giant Halliburton-which had the misfortune of being tied to the then VP Dick Cheney. In 2009, AIG carried became the poster child for evil corporate greed thanks to the housing meltdown which brought on the financial crisis. Goldman Sachs assumed this unenviable position due to the enormous profits it made as a result of the TARP money it was all but forced to take during the bank bailout. Some have argued that the timing of the indictment is highly suspicious given the Obama administration's desire to pass the financial reform bill. One thing if for certain, the government usually passes new laws when they have failed to enforce the ones already on the books- as was the case in the Bernie Madoff affair. Some in the banking industry, such...

The Big Money Grab

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The American people are under siege. Not from Al qaeda or the Mexican drug cartels, we are being extorted by our governments; federal, state and local. The budget crisis facing states and cities across the country is well known but the solutions being crafted by local politicians would make La Cosa Nostra jealous. The mobsters in this scenario are the local politicians who send the police forces out to shake down motorist in any way they can. Drive through a local suburb and you're likely to be pulled over for the most mundane excuse and slapped with a $100 fine or more. Cities have always exercised their right to utilize their "de facto" taxing power in writing traffic tickets when strapped for cash however this practice is spiraling out of control. Everything from car repairs and dry cleaning to personal training and party clowns are being targeted for new taxes. However, the shaking down of unsuspecting motorist and shoppers by police is outrageous. One of the main re...

Steele Takes Heat

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Republican National Committee chairman Michael Steele's reign got off to a rocky start and it has remained so. His first gaff was his dismissal of Rush Limbaugh as an "entertainer" and his tenure has been littered with controversy ever since. The first mistake was made by the party in appointing someone so ambitious to the post- in Steele a former Lt Governor who ran unsuccessfully for the senate in 2006. Steele chased the media spotlight from the beginning with his "I'm the new sheriff in town" swagger. Steele received harsh criticism for charging $20,000 for speeches-which is unprecedented for the RNC chairman. The latest controversy is far more embarrassing and has some calling for Steele's resignation. Steele has taken heat recently after the committee paid a nearly $2,000 bill at a sex-themed nightclub in Los Angeles. The RNC fired a staffer it blamed for the outing when the bill was presented for reimbursement by a donor. Steele failed to underst...

Liberal Memory Lapse

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I did something that usually brings on a great deal of nausea after I've done it- I watched an episode of Hardball with Chris Matthews. The level of none sense that spews from Matthews is endless so I won't go into his history. However, the comments I heard were in sane even for him. Speaking about Rush Limbaugh's reference to the Obama administration as a "regime". Matthews shocking said that "he had never heard language like this before in America". Apparently Matthews hasn't watched his own show or his network for that matter. On July 7, 2004, Ralph Nader -- appearing with Matthews on "Hardball" -- discussed how he would "take apart the Bush regime." Glen Beck upon hearing Matthews comments was able to dig up at least 16 references of a " Bush Regime " by the New York Times and 24 by the Washington Post. A search of the Lexus-Nexus database yields 6,769 references to the " Bush Regime ". MoveOn.org ran a...

I Am Legend! And You Might Be One Too

It's official! anyone who has done something in the public eye and/or of note is a "legend". There isn't much imagination among journalist to come up with another descriptive word other than legend or legendary. Legend is defined as : a story coming down from the past; especially : one popularly regarded as historical although not verifiable b : a popular myth of recent origin. I hear this word constantly ascribed to athletes and entertainers daily. Some of them are very good at what they do and have been for a long time; however to deem them "legends" simply because they have been in their respective field for a decade is hyperbolic at best. Much of this is done out of pure laziness. I guess it's too much work to spend a few seconds searching for a simpler term like veteran, pioneer or famed. Instead of calling Wayne Newton a Las Vegas veteran, its sounds more glossy to describe him as a 'Las Vegas Legend'. Maybe in this case after forty y...