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Archive for October 7th, 2008

Bush’s Cousin George H. Walker Made Millions on Lehman Collapse

Posted in Main Blog (All Posts) on October 7th, 2008 11:09 am by HL

George W. Bush’s Cousin George H. Walker (those two families have been in an incestous relationship for close to 100 years) was one of the beneificiaries of the multi million dollar payouts to the execs of Lehman Bros. Lehman was not one of the companies covered by the bailouts. Makes sense Bush’s cousin got his loot, why should be bother helping the rest of “those people” becuase as you can see Bush is only concerened with his family and freinds and screw everyone else.

Do you think it’s fair?” Waxman demanded of Fuld as he outlined his exorbitant pay packages and noted that shareholders ended up with nothing.

Fuld said he is haunted nightly wondering what he might have done to avert Lehman’s bankruptcy, the largest in U.S. history.

“This is a pain that will stay with me for the rest of my life,” he said.

Also haunting him, Fuld said, is the question of why Lehman didn’t get a federal rescue while others did: Bear Stearns, the mortgage giants Fannie Mae and Freddie Mac, and insurance giant American International Group Inc.

“Until the day they put me in the ground, I will wonder,” Fuld told the committee.

But the committee’s investigation painted Fuld as anything but a victim.

Waxman released e-mail correspondence from June 2008 in which Fuld dismissed the suggestion from executives at a Lehman subsidiary that the company’s top people forgo bonuses to “send a strong message to both employees and investors that management is not shirking accountability for recent performance.”

Fuld wrote, “Don’t worry — they are only people who think about their own pockets.”

The suggestion came from executives at Lehman’s money management subsidiary, Neuberger Berman, who also were recommending that Lehman spin off its business to insulate its employees — and their bonuses — from Lehman’s sagging stock price and from “management mistakes.”

George H. Walker, President Bush’s cousin and a member of Lehman’s executive committee, breezily shot down the ideas, according to the e-mails.

“Sorry team. I am not sure what’s in the water at” Neuberger Berman, Walker wrote to the rest of the executive committee. “I’m embarrassed and I apologize.”

HL’s Take:
20 years ago Neil Bush walked away with millions from the Silverado Savings and Loan scandal. The Bush family always profit handsomely while everyone else loses his shirt. Buy as usual the Democrats give Bush everything he wants while everyone else gets screwed. Business as usual.


Dennis Kucinich on the Democrats’ Bailout Betrayal

Posted in Main Blog (All Posts) on October 7th, 2008 10:40 am by HL

Truthdig.org

The passing of the $850-billion bailout pulled the plug on the New Deal. The Great Society is now gasping for air, mortally wounded, coughing up blood. It will not recover. It was murdered by the Democratic Party.

We are on our own. And don’t expect any help from Barack Obama and Joe Biden, who lobbied hard for the bill and voted for it. Ignore their rhetoric. Look coldly at the ballots they cast against us. We, as citizens, have only a handful of representatives left in Washington, most of whom were left sputtering in rage and frustration on the House floor. The sad irony is that some of them were Republican.

“This was the largest single act of class warfare in the modern history of this country,” Rep. Dennis Kucinich, D-Ohio, who led the fight in the House against the bailout, told me by phone from Cleveland. “It is a direct attack on the American people’s ability to be able to stabilize their homes and their neighborhoods. This single vote will define the careers of everyone. We are back to taxation without representation, to markets that are openly rigged.”

Read the rest of the story

HL’s Take:
Dennis is one of the only honest politician out there, I voted for him in the primary; I trust him and after reading this story I am having serious doubts about voting for Obama. Cynthia McKinney is looking better and better. I have already ruled out voting for my house representative Henry Waxman for several reasons many of which come from the interview I did with him about a year ago. It is true, in some respects the Democrats are even more corporate sellouts then the Republicans. The Democrats are selling this country into facism in a New York Minute


Late Late Nite FDL: Adieu False Heart

Posted in Main Blog (All Posts) on October 7th, 2008 4:39 am by HL

Late Late Nite FDL: Adieu False Heart
Gently entering the new week with Cincinnati-based, Wild Carrot, performing Linda Ronstadt’s, Adieu False Heart.

Wild Carrot “Adieu False Heart”

Gently entering the new week with Cincinnati-based, Wild Carrot, performing Linda Ronstadt’s, Adieu False Heart.

What’s on your mind tonight?


Overnight

Posted in Main Blog (All Posts) on October 7th, 2008 4:38 am by HL

Overnight
Crazy month coming.


We Are One President Away From a Future of Fossil Fuel Addiction

Posted in Main Blog (All Posts) on October 7th, 2008 4:37 am by HL

We Are One President Away From a Future of Fossil Fuel Addiction
America’s energy and climate future will be determined by what the nation decides to do with its deposits of oil shale.

What I Learned at the Sarah Palin Rally Before They Threw Me out
20,000 Christian zealots, anti-abortion fanatics, and mostly white suburbanites reconnected with their high school past at the Palin rally.


Pentagon Confirms That It Told Obama He Couldn’t Visit Army Base With Campaign Staff

Posted in Main Blog (All Posts) on October 7th, 2008 4:36 am by HL

Pentagon Confirms That It Told Obama He Couldn’t Visit Army Base With Campaign Staff
I’ve just gotten clarification from the Pentagon on what really happened with regard to Barack Obama’s canceled visit to an Army base in Germany, something the McCain campaign has been using to hit Obama since yesterday. A Pentagon spokesperson confirms…


Walking a Fine Line

Posted in Main Blog (All Posts) on October 7th, 2008 4:35 am by HL

Walking a Fine Line
The Pentagon confirms to TPM Election Central that military officials told the Obama campaign he could not visit Landstuhl Regional Medical Center in Germany yesterday with campaign aides in tow because that would violate DOD regs. “We informed the Obama…


Gut Check Time

Posted in Main Blog (All Posts) on October 7th, 2008 4:34 am by HL

Gut Check Time

Last week I wrote:

At this point, it’s practically become a given that Obama is the superior candidate on economic matters.

And for those voters uncomfortable with the notion of a president who isn’t white, but unable to tolerate four more years of this economy, it’s a real gut check moment:

What, in the end, is really the most important thing to better the lives of you, your family and your fellow Americans?

Lest you thought I was crazy, I submit to you this post from Politico’s Ben Smith:

An Obama supporter, who canvassed for the candidate in the working-class, white Philadelphia neighborhood of Fishtown recently, sends over an account that, in various forms, I’ve heard a lot in recent weeks.

“What’s crazy is this,” he writes. “I was blown away by the outright racism, but these folks are f***ing undecided. They would call him a n—-r and mention how they don’t know what to do because of the economy.”


McCain Voted To Protect Domestic Terrorists Who Carry Out Violence At Abortion Clinics

Posted in Main Blog (All Posts) on October 7th, 2008 4:33 am by HL

McCain Voted To Protect Domestic Terrorists Who Carry Out Violence At Abortion Clinics
This morning on CBS’s Early Show, McCain-Palin campaign spokesperson Nancy Pfotenhauer attempted to defend Gov. Sarah Palin’s (R-AK) debunked claims that Sen. Barack Obama (D-IL) has been “palling around” with former radical William Ayers. Referencing a

This morning on CBS’s Early Show, McCain-Palin campaign spokesperson Nancy Pfotenhauer attempted to defend Gov. Sarah Palin’s (R-AK) debunked claims that Sen. Barack Obama (D-IL) has been “palling around” with former radical William Ayers. Referencing a recent New York Times article, Pfotenhauer claimed that if McCain “hung out with somebody who had bombed abortion clinics” it would be a legitimate topic of discussion. She explained:

PFOTENHAUER: The article also concluded is that if Senator McCain had hung out with somebody who had bombed abortion clinics, no one would consider [raising the issue] illegitimate.

Watch it:

Pfotenhauer’s invocation of abortion clinic bombers in defense of McCain is ironic given that McCain has repeatedly voted against protecting Americans from domestic terrorists in the anti-choice movement. On multiple occasions throughout his career, McCain sought to limit the government’s ability to punish violent anti-choice fanatics by:

Voting against making anti-choice violence a federal crime. As the Jed Report notes, McCain voted in 1993 and 1994 against making “bombings, arson and blockades at abortion clinics, and shootings and threats of violence against doctors and nurses who perform abortions” federal crimes.

Opposing Colorado’s “Bubble Law.” McCain said he opposed Colorado’s “Bubble Law,” which prohibited abortion protesters from getting within 8 feet of women entering clinics [Denver Post, 2/27/00]. The law was later upheld by the U.S. Supreme Court.

Voting to allow those fined for violence at clinics to avoid penalties by declaring bankruptcy. NARAL Pro-Chioce America notes that McCain “voted to allow perpetrators of violence or harassment at reproductive-health clinics to avoid paying the fines assessed against them for their illegal acts by declaring bankruptcy.”

Digg It!


As Palin Brings Up Ayers, Obama Team Cites Keating

Posted in Main Blog (All Posts) on October 7th, 2008 4:32 am by HL

As Palin Brings Up Ayers, Obama Team Cites Keating
The presidential campaign of Sen. Barack Obama for the first time criticized Sen. John McCain for his role in the “Keating Five” savings-and-loan scandal yesterday, saying the issue is fair game after a weekend of attacks by Alaska Gov. Sarah Palin over the Democrat’s ties to Vietnam War-era radical…

Biden Played Less Than Key Role in Bosnia Legislation
The moment when Sen. Joseph R. Biden Jr. looked Serbian leader Slobodan Milosevic in the eye and called him a “damned war criminal” has become the stuff of campaign legend.