Big Business


Via Jake Tapper at Political Punch blog:

The president said, “It [propping up dead banks] was the right thing to do, even though it’s infuriating, even though it makes you angry because you’re thinking, ‘I was responsible and these folks are irresponsible and somehow I’m paying for them.’ The same is true with AIG.  It was the right thing to do to step in.”

“Here’s the problem,” Mr. Obama said, “It’s almost like they’ve got — they’ve got a bomb strapped to them and they’ve got their hand on the trigger.  You don’t want them to blow up.  But you’ve got to kind of talk them, ease that finger off the trigger.”

So who is the Osama bin Laden of the banking industry? AIG CEO Liddy?

Obama’s Favorite Company, Caterpillar, Lays Off 2500 More (CAT)

and here:

Down is up, up is down…

From CNBC/ Kudlow: Obama Declares War on Investors, Entrepreneurs, Businesses, And More

He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.

From Michelle Malkin: AIG’s reward for failure: Another $30 billion in taxpayer-backing

The first $85 billion bailout under Bush didn’t work. The second $38 billion under Bush didn’t work. So, hey, how about tossing another $30 billion down the hole?

Exactly!!!!!

Why not invest in a successful company?  Ha!  Stupid logic.

Keep putting more gasoline on the fire, that will put it out.

Washington Wire at WSJ Blog :White House Touts Factory Reopening

In a statement released by the White House, the administration touted the decision last week by a California-based maker of energy-efficient windows to buy and reopen a shuttered window manufacturing company in Chicago. The White House credited the move to new funding in the stimulus bill for weatherization programs.

The government is creating markets for overpriced products that nobody wants (no demand).  It’s almost as sick as the other bailouts.

Want to stimulate the economy?  Create windows nobody wants!

Why not just break windows instead?

And Newt at CPAC- Cap and Trade = energy tax.  You can use the $13 a week to pay for your increased energy costs!

The definition of socialism from Dictionary.com:

a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.

We are there.  Newsweek was right.

ABC News has the story here.

The modest optimism in the markets at the start of the new week was generated by a Wall Street Journal report that Citigroup is negotiating with authorities to increase the U.S. government’s stake in the teetering lender to as much as 40 percent.

So here we go again without fixing the problem.  Yet another band-aid over the gushing wound.

And now we find out the entire story behind the ACORN trespassers from Michelle Malkin.

I guess it’s harder to get an apartment than a house.  That’s the problem!

Just remember the steps to serfdom:

Entire booklet here.

Michelle Malkin has  the skinny on a nationwide effort to organize peaceful government protests of the stimulus and housing plans.  Click here for her article.

The Chicago Tea Party movement is here.

Tips on organizing a Tea Party here.

The nationwide protest is schedule for Friday, February 27th from noon to 1 PM.  It would be nice, for all of us working stiffs, to have this on the following Saturday at the same time.

Maybe an Atlanta group can get together and meet at the corner of Lennox Road and Peachtree Street in Buckhead?

More videos on The Chicago Tea Party  Santelli from HotAir.com

From AP via Yahoo! News:

AP IMPACT: Jobless hit with bank fees on benefits

It seems banks are charging fees for their services!  CAN YOU BELIEVE IT?!

The humanity. The money quote:

“They’re trying to use my money to make money,” said Santa-Maria, a laid-off engineer who lives just outside Albuquerque, N.M. “I just see banks trying to make that 50 cents or a buck and a half when I should be given the service for free.”

I find the article rather interesting.  It focuses on the evil banks charging for their services, but does not mention one of the biggest gotchas with unemployment benefits: you pay tax on it!

That’s right- if you’ve ever been so lucky to be laid off (I have) you’ll see “the man” giveth and “the man” taketh away.  It’s a beautiful thing, no?

The confluence of big government and big business is lovely, don’t you think? This brings the nonsense full circle:

New York City hopes to spend $45 million to retrain laid-off Wall Streeters

Under a program unveiled Wednesday by Mayor Michael Bloomberg, the city wants to invest $45 million in government money to retrain investment bankers, traders and others who have lost jobs on Wall Street, as well as to provide seed capital and offices for new businesses those laid-off bankers might create.

Thanks to The Corer at NRO for finding this gem.