In an epic upset in liberal Massachusetts, Republican Scott Brown rode a wave of voter anger to win the U.S. Senate seat held by the late Edward M. Kennedy for nearly half a century, leaving President Barack Obama's health care overhaul in doubt and marring the end of his first year in office.
Excerpt: However, one of Sutton's most notable moments is absent from the media hagiographies I have seen: he stated on television that he knew that an Islamic supremacist, Dr. Khalid al-Mansour, and advisor to a wealthy Saudi, had paid for Barack Obama's education at Harvard Law School.
Exactly how young Barack Obama, a man of slender means, managed to pay for a Harvard Law degree has long been a mystery, and the President has not been forthcoming about any details of his elite education.
See for yourself, Sutton's remarkable statement, which has been considgned to the Memory Hole, by the major media. Not even a reference to a "controversial contention" or other such euphemism. It simply never happened as far as the media are concerned.
Al Gore thought he might ride his global warming crusade back toward the White House. If you saw his movie, which opened showing cattle on his farm, you start to understand how shallow this is. The United Nations says that cattle, farting and belching methane, create more global warming than all the SUVs in the world. Even more laughably, Al and his camera crew flew first class for that film, consuming 50% more jet fuel per seat-mile than coach fliers, while his Tennessee mansion sucks as much carbon as 20 average homes.
His PR folks say he's "carbon neutral" due to some trades. I'm unsure of how that works, but, maybe there's a tribe in the Sudan that cannot have a campfire for the next hundred years to cover Al's energy gluttony. I'm just not sophisticated enough to know how that stuff works. But I do understand he flies a private jet when the camera crew is gone
As experts debate the potential speed of the US recovery, one figure looms large but is often overlooked: nearly 1 in 5 Americans is either out of work or under-employed.
According to the government's broadest measure of unemployment, some 17.5 percent are either without a job entirely or underemployed. The so-called U-6 number is at the highest rate since becoming an official labor statistic in 1994.
Just 38% of voters now favor the health care plan proposed by President Obama and congressional Democrats. That’s the lowest level of support measured for the plan in nearly two dozen tracking polls conducted since June.
The latest Rasmussen Reports national telephone survey finds that 56% now oppose the plan.
Good interview from a few months ago which looks pretty accurate right now
"Everybody who's saying ‘buy stocks' today or ‘buy real estate' is, I think, setting up people to get really hurt," says Prechter, who believes the bear market rally is reaching a major top.
"We had a great opportunity at [S&P] 667 - that was the big opportunity," says Prechter, who did make a bullish call last February. "The market is up 60% [from the March lows]. There's no way the S&P is going up 60% from here."
The biggest loser was President Obama, who campaigned tirelessly for Corzine, even giving up golf on several occasions and skipping a quarter-million-dollar "date night" with Michelle to stump for the Democrat.
Just two days before the election, Obama was at a rally in New Jersey assuring voters that Corzine was "one of the best partners I have in the White House. We work together. ... Jon Corzine helped get this done."
Except the problem is that voting for Obama a year ago was a fashion statement, much like it was once a fad to buy Beanie Babies, pet rocks and Cabbage Patch Kids. But instead of ending up with a ridiculous dust-collector at the bottom of your closet, the Obama fad leaves you with higher taxes, a reduced retirement fund, no job and a one-year wait for an MRI.
The web is ablaze with an excerpt of a speech given by Lord Christopher Monckton warning against the upcoming Copenhagen Climate agreement treaty which will, in effect, create a single world grovernment, that President Obama will sign in only a few weeks. Lord Monckton appeared with Glenn Beck on his program Friday for the entire hour. A very illuminating and entertaining program!
In all of the 14 states WellPoint scrutinized, ObamaCare would drive up premiums for the small businesses and individuals who are most of WellPoint's customers. (Other big insurers, like Aetna, focus on the market among large businesses.) Young and healthy consumers will see the largest increases—their premiums would more than triple in some states—though average middle-class buyers will pay more too.
Not even two hours after Wellpoint had presented its materials on the Hill, Democrats were already trashing it—which, considering that it runs to some 238 pages and took weeks to prepare, must have required remarkable powers of digestion and analysis.
The Democrats' all-new "opt out" idea for health care reform is the latest fig leaf for a total government takeover of the health care system.
Democrats tell us they've been trying to nationalize health care for 65 years, but the first anyone heard of the "opt out" provision was about a week ago. They keep changing the language so people can't figure out what's going on.
The most important fact about the "opt out" scheme allegedly allowing states to decline government health insurance is that a state can't "opt out" of paying for it. All 50 states will pay for it. A state legislature can only opt out of allowing its own citizens to receive the benefits of a federal program they're paying for.
Health Care: Democrats are considering rebranding the government-run public option as the "competitive option." There is nothing competitive about Washington wrecking the private health insurance industry.
At the annual American Banking Association conference this weekend in Chicago, the SEIU army spearheaded an angry mob protest against major financial institutions who have taken federal bailout funds.
It was the usual left-wing Kabuki theater. If the protesters were sincerely mad about the government bailouts, they’d be yelling on Capitol Hill and in front of the White House. SEIU is simply taking over for its disgraced brethren at ACORN — with whom they have long collaborated on corporate shakedowns. Remember: SEIU and ACORN are flip sides of the same corrupted coin.
News broke recently that Nicolas Cage is suing his business manager, Samuel J. Levin, for incompetence that caused him huge tax liabilities and "catastrophic financial losses."
Contributing to Cage's financial woes, the IRS has filed more than $6.3 million in liens against Cage for back taxes owed from 2002, 2004, and 2007. He is reportedly selling some properties to pay off the debt and going after Levin in retaliation.
The Independent, under the front-page headline "The Demise of the Dollar", reported last Tuesday that Gulf states, together with China, Russia, Japan and France, were considering replacing the dollar as the currency for oil deals.
"In the most profound financial change in recent Middle East history, Gulf Arabs are planning -- along with China, Russia, Japan and France -- to end dollar dealings for oil," wrote The Independent's Middle East correspondent Robert Fisk.
They would switch "to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar," added Fisk, citing Gulf Arab and Chinese banking sources.
The report was denied by a host of countries, including Kuwait, Qatar and Russia, while France dismissed it as "pure speculation."
Even so, the United Nations itself last week called for a new global reserve currency to end dollar supremacy, which had allowed the United States the "privilege" of building up a huge trade deficit.
Hi All! When I'm not spending my time posting all over The Saloon, I do some trading on the side and some closer friends follow my activities. Basically, if you want to follow along, feel free! BTW- I'm not offering investment advice, just sharing my activities.- Riley
"I have personally changed directions from DPS to ENDP and will be holding ENDP for a few weeks. For those of you who got in on DPS at ~28.50 on the margin last week, you have realized a gain of ~6.8% over the last week.
ENDP got a fat and juicy upgrade from Oppenheimer this past Monday and reports earnings towards the end of the month… I got in this morning at 23.75."
That's the message House Republicans are sending to Rep. Charles Rangel, D-N.Y., chairman of the powerful tax-writing Ways and Means Committee and subject of a major ethics probe into alleged tax evasion and other violations. But House Democrats were quick to strike down the measure to remove Rangel, who represents New York's Harlem district, from his post.
In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.
In a discussion on CNBC about the larger than expected September job losses reported Friday by the Labor Department, Reich was explaining to hosts Melissa Francis and Lawrence Kudlow how things would be much worse if not for the stimulus package.
He also implied that things won't get better until healthcare is reformed.
In the middle of this absolutely absurd statement, Francis and Kudlow appeared to look at each other with the former breaking out into laughter and the latter doing his best to hold it back.
Documentary film director Michael Moore, who has become a millionaire thanks to the profits from his movies, told CNSNews.com that “capitalism did nothing” for him.
CNSNews.com spoke with Moore on the red carpet at the Uptown Theatre in Washington, D.C., on Tuesday night before the premiere of his upcoming documentary, “Capitalism: A Love Story."
Bank of America has been caving in to left-wing special interests for years.
The financial giant teamed up with the open-borders lobby to offer illegal alien home loans.
It forked over payoffs to self-declared bank terrorist outfit NACA (the taxpayer-subsidized Neighborhood Assistance Corporation of America).
BoA also capitulated to a Jesse Jackson shakedown.
And then, after receiving a middle-of-the-night taxpayer-funded bailout, it forked over $2 million to the ACORN Housing Corporation — which has had a long history of fraud and abuse that goes back years and years before the sting videos ever came in to being.
As a result of the recent scandals, Bank of America has now “suspended current commitments” with ACORN.
First story posted on TheSaloon.Net Wednesday, September 23rd.
Contrary to what the Left and their media minions told Americans in 2005 when President George W. Bush wanted to reform Social Security, the nation's largest entitlement program is now projected to run deficits for at least the next two years.
In an article on the subject published Sunday, the Associated Press mysteriously hid the seriousness of this revelation while never once mentioning the Republican push to solve this problem four years ago or how such deficits could impact the current healthcare debate.
The obfuscation began with the headline: "Early Retirements Strain Social Security System."
Strain? How about calling a spade a spade and letting people know up front that Social Security is about to run a deficit?
Although the United States does have a huge deficit problem we can’t afford not to fix, the Obama administration is focusing on the wrong aspect in trying to create a new federal health program. Congress needs to address spending for Social Security, Medicare and Medicaid — all programs that have existed for decades — that is primed to explode.
Long-term excess costs for Social Security and Medicare alone: $43 trillion. When added to the national debt, that is about $184,000 for every man, woman and child in America. We should focus on reforming existing federal health programs so they’ll be sustainable for generations to come. Here’s what Heritage’s Alison Fraser has to say.
Wall Street’s march toward Dow 10000 next week will have to go through a minefield of possible bad news, including several gauges on the still-weak housing market and new data that give clues about the health of cash-strapped consumers.
Despite fears September would live up to its bearish track record, the markets have had almost no trouble at all building on their summer surge this month, with stocks closing at fresh 2009 highs on Friday.
“We know we still have a lot to do, in conjunction with nations around the world, to strengthen the rules governing financial markets and ensure that we never again find ourselves in the precarious situation we found ourselves in just one year ago,” Obama said.
President Obama said this week that his health care plan won't cover illegal immigrants, but argued that's all the more reason to legalize them and ensure they eventually do get coverage.
(We at the Saloon think the President owes Congressman Joe Wilson one BIG apology! - Roland)
The smell of trade war is suddenly in the air. Mr. Obama slapped a 35% tariff on Chinese tires Friday night, and China responded on the weekend by threatening to retaliate against U.S. chickens and auto parts. That followed French President Nicolas Sarkozy's demand on Thursday that Europe impose a carbon tariff on imports from countries that don't follow its cap-and-trade diktats
In the heated debates on health-care reform, not enough attention is being paid to the huge financial windfalls ObamaCare will dole out to unions—or to the provisions in the various bills in Congress that will help bring about the forced unionization of the health-care industry.
Tucked away in thousands of pages of complex new rules, regulations and mandates are special privileges and giveaways that could have devastating consequences for the health-care sector and the American economy at large.
It's been a long time since James Carville said the most famous thing he ever said: It's the economy, stupid. That famous phrase was in fact part of a sign hung in the Clinton campaign headquarters in 1992. There was a sense among the electorate in the fall of 1992, not entirely accurate, that the economy was foundering under George H.W. Bush. Bush lost control of the public's perception of the economy, and then he lost the presidency.
Why with unemployment heading above 10% was Barack Obama on TV last night draining a dwindling reservoir of presidential capital on health care? Redesigning the 17% of the economy that is health care appears to be the siren song of Democratic presidencies. Mr. Obama's crew has famously said it wouldn't make the mistakes the Clintons made on health care. How calling forth both houses of Congress in prime time to join him in betting the ranch on health care qualifies as smarter politics than the Clintons is a mystery.
Schellnhuber: In a special study we describe a possible way out. The WBGU has also come across countries that pump a lot less CO2 into the atmosphere than the quota would entitle them to. Most of these countries are the poorest in the world, where climate protection and the future are central issues. These nations are saving us from climate change happening at an even faster rate. This should finally be recognized and rewarded. For that reason we came up with a SCHEME whereby industrialized nations can buy emission quotas from countries with lower levels of CO2 output. The money made through this global trade in emissions could then be put towards financing environmentally friendly technology and developments in those countries.
Redistributing the wealth from wealthier nations? Cap and trade? Emission quotas? Hmm, where have I heard someone say something about "spreading the wealth around" before?
Or how about this little gem:
Schellnhuber: Our basic principle is that all humans have equal rights to the atmosphere. This is a basic right.
So now we're back to basic 'global' human rights again? Everyone on the planet should be made whole, equal, and without undue burden. Spread the wealth around, make everyone in the world equal (rights, wealth, healthcare, means of production) and save the planet at the same time? Where have I heard something like that before?
And I like this comment too:
The fact that Germany's emissions quotas will be exhausted in 10 years if they don't change their habits can only mean one thing: The next government must adopt a new and drastic climate package immediately. This will help us develop tomorrow's necessary climate-friendly technology much quicker.
Really? Are we all going to die in the next 10 years if we don't?
Schellnhuber: The WBGU is not political; we merely advise the government and present our studies and findings to the public. Our budget has nothing to do with utopias but rather with the physical conditions under which we can prevent our civilization from crumbling.
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