This one is from five days ago:
And this one from last night:
(See, she’s wearing that yellow thing in the photo… but they didn’t show her katana in the video)
Michele Bachmann explains the Obama’s Wall Street bailout bill
Tag Archives: Democrat
Obama threatens legal action over Arizona’s immigration enforcement law
The Arizona legislature just passed a law to enforce immigration laws.
Excerpt:
The measure – set to take effect in late July or early August – would make it a crime under state law to be in the U.S. illegally. It directs state and local police to question people about their immigration status if there is reason to suspect they are illegal.
[…]Currently, many U.S. police departments do not ask about people’s immigration status unless they have run afoul of the law in some other way. Many departments say stopping and questioning people will only discourage immigrants from cooperating to solve crimes.
Under the new Arizona law, immigrants unable to produce documents showing they are allowed to be in the U.S. could be arrested, jailed for up to six months and fined $2,500. That is a significant escalation of the typical federal punishment for being here illegally – deportation.
People arrested by Arizona police would be turned over to federal immigration officers. Opponents said the federal government could thwart the law by refusing to accept them.
Supporters of the law said it is necessary to protect Arizonans from crimes committed by illegal immigrants. Arizona is home to an estimated 460,000 illegal immigrants and is the nation’s busiest gateway for people slipping into the country.
Republican Gov. Jan Brewer, who signed the bill on Friday, said Arizona must act because Washington has failed to stop the flow of illegal immigrants and drugs from Mexico. Brewer has ordered state officials to develop a training course for officers to learn what constitutes reasonable suspicion that someone is in the U.S. illegally.
[…]The law has strong public support in Arizona, where passions have been running high since a rancher was killed close to the Mexican border last month, apparently by drug smugglers from across the border.
And here is Obama’s response from the Associated Press. (H/T Hot Air)
Excerpt:
President Barack Obama criticized Arizona’s tough immigration bill as irresponsible Friday and said his administration is examining whether it would violate civil rights.
Obama said the federal government must act responsibly to reform national immigration law — or “open the door to irresponsibility by others.”
“That includes, for example, the recent efforts in Arizona, which threaten to undermine basic notions of fairness that we cherish as Americans, as well as the trust between police and their communities that is so crucial to keeping us safe,” Obama said.
If signed into law by Arizona Gov. Jan Brewer, the legislation would require police to question people about their immigration status if there’s reason to suspect they’re in the country illegally. Civil rights activists say such a law would lead to racial profiling and deter Hispanics from reporting crimes.
Obama instructed the Justice Department to examine the bill to see if it would violate civil rights.
Ed notes that Arizona passed this law because the feds dropped the ball on law enforcement.
Just to re-iterate, I am myself a visible minority, and I am in favor of increased legal immigration for skilled immigrants, and a path to citizenship for skilled immigrants who continue to work, pay taxes, avoid committing crimes, etc. for a period of a few years.
Did GM pay off its bailout loans by using other government loans?
Story from Ed Morrissey at Hot Air.
Moderate Republican Chuck Grassley, who supported Obama’s bailouts, wants to know how GM paid off their debts. He wrote a letter to Treasury Secretary Tim Geithner.
Excerpt:
General Motors (GM) yesterday announced that it repaid its TARP loans. I am concerned, however, that this announcement is not what it seems. In fact, it appears to be nothing more than an elaborate TARP money shuffle.
On Tuesday of this week, Mr. Neil Barofsky, the Special Inspector General for TARP, testified before the Senate Finance Committee. During his testimony Mr. Barofsky addressed GM’s recent debt repayment activity, and stated that the funds GM is using to repay its TARP debt are not coming from GM earnings.
Instead, GM seems to be using TARP funds from an escrow account at Treasury to make the debt repayments. The most recent quarterly report from the Office of the Special Inspector General for TARP says “The source of funds for these quarterly [debt] payments will be other TARP funds currently held in an escrow account.” See, Office of the Special Inspector General for TARP, Quarterly Report to Congress dated April 20, 2010, page 115.
Furthermore, Exhibit 99.1 of the Form 8K filed by GM with the SEC on November 16, 2009, seems to confirm that the source of funds for GM’s debt repayments was a multi-billion dollar escrow account at Treasury—not from earnings.
[…]In reality, it looks like GM merely used one source of TARP funds to repay another. The taxpayers are still on the hook, and whether TARP funds are ultimately recovered depends entirely on the government’s ability to sell GM stock in the future. Treasury has merely exchanged a legal right to repayment for an uncertain hope of sharing in the future growth of GM. A debt-for-equity swap is not a repayment.
Ed summarizes:
In other words, this is just a shell game. As Jim Vicevich points out, it’s akin to paying off your Visa credit card with your Mastercard — and then bragging about your financial condition. Taxpayers are still on the hook for GM. Nothing at all has changed.
Instead, we have another good reason for government to refrain from bailing out private companies. It makes them act like government when it comes to transparency about their finances. This claim really does prove that GM now stands for Government Motors.
Michelle Malkin also has a good column here about MORE connections between Democrats and rich Wall Street investment bankers. The Democrats are tightly connected with large corporations and investment banks. As a small government conservative, I find this alarming and unsettling. I believe in separation of government and corporations.
WINTERY KNIGHT 