Michele Bachmann tries valiantly to get back some TARP money for the taxpayers.
She seems to become even more beautiful as time passes!
Tag Archives: TARP
Democrats use TARP money to shore up personal fortunes
Story from the Washington Post. Senator Daniel Inouye (DEMOCRAT) intercedes to have TARP funds redirected to the floundering “Central Pacific” bank, which he owns.
But I prefer Hot Air’s summary.
In other words, Inouye interceded to get TARP funds to secure his personal assets. He used his political clout on Capitol Hill to get Treasury to approve a “marginal” application that had already been rejected once, in order to save his own bank from collapse. Central Pacific had already been in trouble with the FDIC even before the collapse in the lending and financial sector, thanks to bad management practices and undercapitalization. The FDIC had required a change in management and $40 million more in capitalization, which is why Treasury was reluctant to give CP a bailout check in the first place.
Inouye isn’t the first member of Congress to have used TARP to rescue personal fortunes. Maxine Waters did the same thing with OneUnited of Massachusetts, where she and her husband had significant investments. In that case, Waters arranged a meeting between OneUnited and regulators, while Barney Frank wrote legislation that required Treasury to grant special consideration to OneUnited’s TARP application.
A second Hot Air piece about the corruption in the cap-and-trade bill.
Remember that last-minute, 300-page amendment to the cap-and-trade bill that hit the House just hours before the vote approving it? The one that Democrats insisted on putting up for a vote before anyone had the chance to read it? When one reads the contents of it, as the Washington Times’ Edward Felker did, it becomes apparent why Henry Waxman and Edward Markey pushed it through so quickly. It was a payoff for Rep. Marcy Kaptur (D-OH) to turn her back on coal-producing Ohio and vote to kill the economy in her state, and she wasn’t alone…
…The amendment itself got published in the wee hours of Friday morning. By the time the House came to order and began debate, it hadn’t yet been noted by the media.
In essence, Waxman and Markey bought Kaptur with our money. They spent $3.5 billion for a single vote in Congress, and Kaptur had willingly put herself up for sale. Never mind that Ohio will get [hit] hard by caps on the use of coal. Ohioans will lose jobs, their energy bills will skyrocket, and that will have an inflationary effect on all goods and services as the jobless rate escalates.
More Democrat corruption in Michigan
But this is not the only corruption going on with those sneaky Democrats.
Michigan Democrats are involved in yet another corruption scandal. I wonder if these Democrats keep their piles of cash in freezers like the Louisiana Democrats do.
Here’s the story from the BlogProf. This blog has been tracking the story from its inception.
Excerpt:
Ever since Monica Conyers became a convicted felon, a big chunk of the the most powerful Michigan Democrats have been somehow connected to the growing scandal. Husband John Conyers somehow wrote a letter to the EPA to open toxic deep wells that he vehemently opposed, which was a boost to Jim Pappas who was bribing Monica for the favor. In the middle was Monica Conyers advisor Sam Riddle. In addition, Pappas hired U.S. Sen Debbie Stabenow’s husband, Tom Athens, to illegally lobby for the same deal, all the while Stabenow publicly came out against Canadian trash imports, including those that we to be injected into said wells.
Since the conviction of Monica, Riddle has been talking. What he said today raised many eyebrows throughout the state, now ensnaring the Michigan Democrat Party, Jennifer Granholm, Mark Brewer chairman of the Michigan Democratic Party, and Bernard Kilpatrick father of disgraced felon ex-mayor Kwame Kilpatrick. From The Detroit News: Riddle: FBI probed $50K deal with Dems.
People who trash the free exercise of religion, traditional morality, the rule of law and family should not be expected to act honestly. Morality requires certain metaphysical beliefs, which Democrats, being secular socialists, just don’t have grounded by their worldview.
We can’t elect people who believe that it’s OK to kill defenseless unborn children for convenience and then expect them to have integrity. It’s not rational for someone like that to act morally. If they are willing break the big moral laws, they’ll have no trouble breaking the small ones, too.
The Family Research Center evaluates Barack Obama’s first 100 days
Has Obama been a good President for Christians? Should Christians have voted for him? How well has he done at fulfilling his campaign promises to pro-life and pro-marriage social conservatives?
Watch this 7-minute video and see for yourself how prudent it was for Christians to put their faith in Obama’s promises. (H/T Gateway Pundit)
The Cloak Room lists the decisions of interest to Christians and social conservatives from the first 100 days of Obama’s regime.
I think we should judge presidential candidates on their record, not on their speeches or their appearance. How did Obama vote before his campaign started? Did the Christians who voted for Obama take the time to find out?
This video follows the story of the Democrats’ Hate Crime bill, which allows the government to imprison bloggers and Christians, (much like Iran’s theocratic government). My original post on Obama’s attempts to intimidate Chrysler’s creditors, thereby undermining the Constitution and the rule of law, is here. And it has now been corroborated over at Hot Air, here.
Regarding the intimidation of Chrysler’s creditors, Hot Air has a follow-up story from the Business Insider:
Creditors to Chrysler describe negotiations with the company and the Obama administration as “a farce,” saying the administration was bent on forcing their hands using hardball tactics and threats.
Conversations with administration officials left them expecting that they would be politically targeted, two participants in the negotiations said. …
The sources, who represent creditors to Chrysler, say were taken aback by the hardball tactics that the Obama administration employed to cajole them into acquiescing to plans to restructure Chrysler. One person said described the administration as the most shocking “end justifies the means” group they have ever encountered. Another characterized Obama was “the most dangerous smooth talker on the planet- and I knew Kissinger.” Both were voters for Obama in the last election.
One participant in negotiations said that the administration’s tactic was to present what one described as a “madman theory of the presidency” in which the President is someone to be feared because he was willing to do anything to get his way. The person said this threat was taken very seriously by his firm.
Hot Air comments:
Well, that’s certainly reassuring. The man at the helm during one of the biggest economic crises in decades is a madman who will act in an unpredictable and irrational manner if he doesn’t get his way. It sounds like they paint Obama as either a lunatic or a petulant child.
The “madman theory” of the Presidency? Is that what uninformed Christians who voted for Obama expected?
UPDATE: Ace has more here and here. (H/T Commenter ECM) And Hot Air (Ed Morrissey) has more here.
WINTERY KNIGHT 