Cknolls

http://michellemalkin.com/2009/08/02/the-n...oments-on-race/ Another fine decision by Holder and the Dept. of Justice. Where is the ACLU?

QUOTE (Balta1701 @ Jul 31, 2009 -> 10:59 AM) The important detail being left out is; TARP is by no means anywhere close to the only government bailout that these banks received. The guarantees on their debts, AIG bailouts, and Federal Reserve "Cash for clunkers" program were much, much larger than the TARP bailouts, and frankly, without those, all of those firms would be gone. I think the biggest of these programs that provided the largest safety net was the guarantee in the commercial paper market. GE would already be dead if it were not for the government backstop. But the biggest crock of s*** of any of these programs was allowing GS MS GE GM and the like to become bank holding companies. Pure BULLs***!!!

QUOTE (southsider2k5 @ Aug 1, 2009 -> 10:27 AM) The enviornmental stuff is secondary. This is a gift to the auto companies. Bingo. Sucking union **** again. Obama can't get enough. Unions are great. They destroy our state budgets with outrageous benefits that nobody likes to talk about, but they earn an honest wage. LOL.

QUOTE (Rex Kicka** @ Jul 31, 2009 -> 09:10 PM) I disagree with that for the simple reason that tax cuts are by nature not immediately stimulative. If there had been a trillion in middle class tax cuts passed when Obama's stimulus package was passed, we would see 0 benefit until 2010. On balance, the stimulus plan is starting to look successful, having gone from -6% in the first quarter to -1% in the second quarter in GDP. My answer to that is new stock market lows within 12-15 months. Then how successful will the non-stimulus be for everyone?

QUOTE (southsider2k5 @ Jul 31, 2009 -> 10:12 AM) Which was the biggest problem... they were imposing new standards after forcing companies to take the money in the first place. And receiving a nice interest rate on top.

QUOTE (NorthSideSox72 @ Jul 28, 2009 -> 01:40 PM) I think between CKnolls, Kap, you and I, we could probably help teach Obama a thing or two. We could also teach him about good beer.

QUOTE (Balta1701 @ Jul 28, 2009 -> 02:21 PM) And the cop was presented with ID. And arrested the guy anyway. That's sort of the point. I thought I heard on one station that his ID did not match that address, 17Ware St. Anyone else hear that?

QUOTE (NorthSideSox72 @ Jul 27, 2009 -> 04:06 PM) There are some subtleties here, which I couldn't possibly answer in the space here. Plus, I sort of work in this space, so I am limited in what I can say. I really wish we could just sit down over a beer so I could explain it. Call the White House maybe they can fit you guys in too!

QUOTE (lostfan @ Jul 27, 2009 -> 10:51 AM) He has a point. Could you read, and more importantly comprehend, 1000 pages of legalese in 2 days without anyone helping you do it? That's not a matter of "doing your job," it's a matter of actually being possible. That's above my pay grade

http://www.cnsnews.com/public/content/arti...10&print=on Well, there you have it! Its called doing you f***ing job..... Is he promoting more smaller more efficient bills from the House...Retire old man, your time has past..Visit your wife in jail..

QUOTE (Balta1701 @ Jul 17, 2009 -> 11:36 AM) Getting people to pretend that the TARP funds themselves are the only thing that matters is part of the beauty of their corruption. They've been handed somewhere between tens of billions and hundreds of billions of dollars through all the other bailout programs going on, and all anyone pays attention to is the basic TARP funds. Where would Goldman be had the government not handed over something like $13 billion to them as a major counterparty to AIG, which they were key to bringing down in the first place? Where would Goldman be without the "TARP warrants" (No I don't know how to explain those) that still exist and still provide an explicit government backing of the banks regardless of whether they paid the handout-funds back? (And oh yeah, they're lobbying heavily to get the Treasury to buy those back at a huge discount) Where would Goldman be without the FDIC guarantee that was given out to all the banks last fall that basically turned all of them in to AAA rated agencies because they're now backed by the full faith and credit of the government in anything they do? Where would Goldman be without the who knows how much of the pie they've dumped on the Federal Reserve? The Fed has taken on at least $2 trillion or more in pieces of the big s(*^pile and handed out cash for it, basically taking the losses themselves. The Fed has refused to disclose who has received this money and how much each one has taken on Where would Goldman be if the government hadn't allowed its major competitors to fail? Where would Goldman be if it wasn't profiting hugely off of the TARP repayments? (Any company that wants to repay its TARP funds needs to raise capital. Who is the only company left standing who can help them to do that? You guessed it. Frank Stallone) Where would Goldman be without the ban on Short Selling the government gave out last year that they lobbied hard for? Where would Goldman be if they weren't one of the few companies in the world that is a primary dealer of U.S. treasuries? We've sold off a few of those over the past year for some reason. And beyond that, where would Goldman be without the implicit guarantee that the government has given to all of these institutions that the government won't let any bank that is too big to fail actually fail again? (thus, they've gone right back to doing exactly what they were doing before the bust, making huge, overleveraged bets and running away with the profits as fast as they can before things go bad. Their instutition-wide leverage has actually increased by about 30-40% since last fall since they now realize they've got this explicit government guarantee that they can't lose money) Not to mention the fact that GS is technichally a bank but I did not see anything about how many loans they issued in the 2nd quarter. How about GE? They are, IMO, the biggest beneficiary of this gov't bailout. They have over issued somewhere in the neighborhood of $75 billion in commercial paper with the full backing of the gov't. With a ton more to come. GE should be forced to spin off GE Capital with the rest of their commercial paper float as the govt's leverage. Let's see how much influence Immelt really has in this administration. Also, I believe GE marked their commercial real estate loans at 1.00 in their earnings. Are you serious??? GE remains a problem

http://www.cqpolitics.com/wmspage.cfm?parm...ws-000003168293 This throws a wrench into the jam job by th Dems, no?

http://www.nasdaq.com/aspx/stock-market-ne...ock-health-bill

I am putting this here because I am assuming it is part of the stimulus: http://www.abc15.com/content/news/investig...mC7wJTm4uQ.cspx WTF?

QUOTE (southsider2k5 @ Jul 15, 2009 -> 07:18 PM) So it really won't be 48,000,000 people covered, which is why the projections are only for a trillion dollars. That makes a lot more sense. The estimates are that about 9-10 million are counted in that number as illegals, so the number drops of dramatically, especially because the CBO used an estimate of only 45.7 million not insured. The interesting part is that the fines for non-compliance only apply to legal residents, so the illegals will continue to exploit the system while the 56% of the country that actually pays federal taxes will continue to fund their illegal activities, even though 80% of the country opposes it. http://article.nationalreview.com/?q=NDliZ...zY1ZmJiNzUxYWE= You know you can't source that right-wing trash here.

NPR's Nina Totenberg, on Monday's Charlie Rose, told the PBS host that Supreme Court nominee Sonya Sotomayor actually has "a pretty conservative record." Totenberg claimed Sotomayor's record is "very much in the mainstream," and that "you could say that she's more conservative than some members of the Supreme Court, including Justice Scalia, perhaps." Hey Nina, "Let me have some of what you're smoking." More conservative than Scalia? Come on.

All gov't current gov't employees should have their pensions moved into 401k's. All former gov't workers should have their pensions cut 25%. No gov't worker shall receive more than one pension. I think I just cut the deficits of the states by 75%..

This is pretty funny: http://gatewaypundit.blogspot.com/2009/07/...refused-to.html

AIG down only 64% since the 20:1 reverse stock split seven days ago. Down 22% today.

QUOTE (Balta1701 @ Jul 3, 2009 -> 04:43 PM) Another stimulus package adding in the stuff that was stripped out of the first one would be a solid idea. Govt's cannot create wealth. They aren't creating wealth out of nothing and giving it away.; they are craeting money out of nothing and giving it away. But when they create money out of nothing, it has a cost. But the cost isn't apparent immediately. Price equals dollars divided by value. If you create more dollars, the value does not change, but, the price goes up. When the gov't creates more dollars in a stimulus, all its doing is keeping prices up, not giving people more value. So by definition the stimulus is doing nothing of value. In addition, there's a longer term cost- lower productivity. By keeping prices high when they should be dropping, capital allocation is distorted, and capital is prevented from investing in productivity. Since productivity is wealth creation, every stimulus essentially takes away from long-term wealth creation. The easiest way out of this mess is to let let the market do its job. Allow the debt to be destroyed and prices to drop. If prices drop, the families that were productive, that saved their money, will at some point buy up the houses and work off the excess inventory. If prices drop, that entrepeneur will be able to start a newe company. If prices drop, those banks with all that debt will go out of business and new banks will take their place. We need to raise margin requirements for banks back to reasonable levels, accelerate the destruction of debt(which is going to happen anyway), and let the markets (us) allocate capital back to productive activities based on prices.

This is what I want: http://www.boston.com/news/nation/washingt...ks_on_benefits/ This woman is clueless. Yeah everyone should have those benefits. Who will pay for it dips***?

QUOTE (StrangeSox @ Jul 6, 2009 -> 03:46 PM) I support the infrastructure part of the AR&RA 100%. I just hate that every single road I drive on (355, 88, 294, Touhy, 75th street in Naperville, 290, Devon in Elk Grove, soon the Throndale exit on 355) is under construction right now. Makes it a big PITA. In other words, it was a joke Soon to be joined by Archer from rte 83 to 127th st., derby from archer to 131st, State st in Lemont from 127th to Illinois, and 127th st from Ave to Smith rd. And that is just Lemont itself.

QUOTE (Balta1701 @ Jul 3, 2009 -> 04:43 PM) Another stimulus package adding in the stuff that was stripped out of the first one would be a solid idea. Oh yeah absolutely!

Stimulus II anyone?

Can any of the Obama apologists tell me how many jobs the Messiah has saved? I can't quite figure it out. Oh wait, that's the point, it is not quantitative. It is a load of bulls***, just like everything else that he or any other politician says.