DOOM SELDOM HAPPENS

The TARP program was originally estimated, in the fall of 2008, to cost taxpayers $356 billion. As of April 2010 the estimate was reduced to $89 billion. Paybacks from troubled firms have continued to exceed expectations. An estimate made today would likely be even lower. TARP was not funded, it was just budgeted. There is no leftover pool of money.

The BP spill is a different story. It looks like another doom that didn’t happen. Was it a disaster, yes, but a $20 billion disaster, probably not. In this case there will be a pool of leftover money because the $20 billion is funded with cash from BP now sitting in a fund under government control. It cannot be used for campaign expenses but it could buy happiness for some appreciative voters to whom it is distributed.

Why not use the excess money to better fortify the levies that failed when Katrina came ashore? It is not politically feasible I suppose. Shame.

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OBAMA HAS SPOKEN, THE MOSQUE WILL BE BUILT

Ok, citizens, you’ve had your lecture, now toe the line! With a tightness of lip and bit of emotion in his voice your President has commanded you to respect all Muslims without distinction, including those who laud the killing of your sons, your daughters, your wives and your husbands on that fateful September day. He says that is the American way.

Mr. Obama, my response is a fervent as your command. I do not share your Muslim roots, Mr. Obama, but I do have something you don’t. I have on my desk my World Trade Center photo ID. I was not in the building that day but the horror is real to me. When you have seen people falling, story by story to their ugly deaths you lose all will to honor the technically legal rights of those who in turn, honor the Muslims who slit the throats of the pilots and flew the planes into the towers.

Mr. Obama, let me tell you a story, a true story. From an upper floor, above where the first plane hit, a young woman of Oriental descent phoned her mother. Upon conveying the agony of unbearable heat, her mother advised she put modesty aside and remove her blouse. I tried, the daughter replied, but I can’t. It’s melted into my skin. That young woman died that day. By what moral authority do you ask us to look the other way. That is but one story, I’m sure there are more.

I ask you, Mr. Obama, what do you know of the American way? You who wept and found your calling in the pew of the “God Damn America” church of Black Liberation Theology. Nothing but nothing, is more antithetical to the American way than the Marxist teachings of Liberation Theology.

We chose you for our leader. But you who promised so much have given so little. You promised to heal, then you salted our wounds. The greatest irony of all is that your Presidency may turn out to be the second worst thing for which America has only herself to blame. The first was slavery.

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THEY WANT YOUR MONEY

OBAMA’S ACORN LOSES ON APPEAL

On Friday the 13th the Federal Second Circuit Court of Appeals reversed a lower court’s decision that stood in the way of Congress’s move to end government funding for the Association of Community Organizers for Reform now, acronymed for the oak tree nut, ACORN. In their appeal, ACORN pleaded that such a decision would be “a corporate death sentence”. Let us hope they were right.

It is now 2 days after the decision. Googling “New York Times, ACORN loses appeal” brings up nothing from the Times, nor did other variations of search. Perhaps the editors are all tied up in a memorial service.

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THE ESTATE TAX IS COMING BACK

Stealing from the dead when they aren’t looking.

In the weird ways of Washington, the Estate Tax, aka the Death Tax, was stepped down annually from 55% until it reached 45% for 2009. Then on January 1st of this year it dropped in one fell swoop all the way to zero, but for 2010 only. In 2011 the tax goes back to 55% unless Congress acts to change it. You have just 4 ½ months left in which to die tax free.

Senators Kyl (R) and Lincoln (D) have written a proposal to set the new rate at 35% with something like a 5M dollar threshold, all of which you would be able to keep for your heirs before the tax is applied. That sounds reasonable enough, especially to those of us with less than 5M. But wait! By what line of thinking does the government have a right to your money just because you died?

True, it is money you no longer need. Your heirs didn’t earn it, but neither did the government. And we all know that no one feels compassion for a millionaire, dead or alive. Taking your cash when your hand has been stilled is not a government right. It’s an opportunity, that’s what it is…and as we have learned, government never lets an opportunity go to waste. (Or was that a crisis?)

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OPEN HOUSE USA

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ILLEGALS IN THE WHITE HOUSE

LAST WEEK

Week ending August 13, 2010
Weekend
Argentina is experiencing the coldest winter in 40 years
And the U.S. Northeast, one of the hottest, until this week.

Monday
Connecticut Muslims ask for police protection
Bridgeport worshippers claim harassment by Texas based group.

Democratic operatives found to be infiltrating the Tea Party
The goal is to discredit the Tea Party and split it into factions. That’s the Left, don’t debate, just destroy.

Tuesday
Former Alaska Senator Ted Stevens killed in air crash.
Stevens was one of the kings of pork in the Senate and an embarrassment to the Republican Party.

Wednesday
First day of Ramadan, the Muslim holy week

Market drops 265 points
Perhaps Wall Street is finally realizing what an Obama Administration portends

Thursday
Thousands of dead menhadens wash ashore in southern New Jersey.
Don’t be embarrassed, the spellchecker had never heard of menhadens either. They are a fish about the size of a sardine. If you are planning a vacation it looks like New Orleans might be better idea than the Jersey shore.

ALVIN GREENE, DEMOCRATIC PARTY'S CHOICE FOR SENATOR FROM SOUTH CAROLINA

Friday
Democratic Senatorial candidate from S.C. is indicted
It’s that Black Green guy whom some Democrats thought must be a ringer because he had zero qualifications for the job. They got him on porno charges. Imagine that, unethical behavior before he was even elected!

NOTE: Are you clicking the links? Most are blue, some are just underlined. They all lead to a report behind the item of the day.

BUSH GETS MAXINE WATERS IN TROUBLE

THE VICTIM

FOX News reports “Maxine Waters on Friday blamed the Bush administration for her ethics problems.”

It looks like the man did it again. The lady’s husband has a bank. The bank was not doing very well. Paulson was not giving any government money to the bank. Paulson was appointed by Bush. So as you can see, it was Bush who forced the lady to stoop below the normal ethical behavior befitting a Congress person.

It has to be true. Maxine said it herself.

RANDOM THOTS for Aug 13, 2010

Happy triskaidekaphobia day!
It is a good day to watch where you step. Many years ago, on another triskadekwhatever day a good friend of mine was walking under a ladder when a black cat scooted across his path. The cat so startled him that he dropped the mirror he was carrying only to see it break into a million pieces. Woe came unto him. For the rest of his life, his wife refused to leave him. So be careful, lest the same should happen to you.

I see Obama has transferred his Ethics Czar to the Czech Republic.
Timothy Carney over at the Washington  Examiner reports on it in a piece entitled Obama closes curtain on transparency. I am only 80 years old, but this Administration is the least transparent I have seen in my lifetime. Right off the bat, press conferences were manipulated. That we saw when Obama  “accepted” a question from a reporter who had not raised his hand. The reporter was not paying attention and didn’t realize it was his turn to ask his friendly and obviously anticipated question.

Then Obama and his boys tried to exclude Fox News from a press meeting to which all the other networks had been invited. The Administration ran the Totalitarian flag up the pole with that move. Imagine what might have followed if the MSM had not shot it down. Even the liberal MSM saw the threat.

Ethics Czar?   Shoosh, Rahm. We don’t need no ethics Czar. Send him to the C.R.