Los Angeles Times Covers Organizing for America’s ‘Baloney’ Map to Reelection
And they even quote campaign manager Jim Messina with “bullsh*t” billion dollars line. See: ” Team Obama lays out electoral map strategy .” And click through for the video: ” Obama for America Official Says ‘Billion Dollar Campaign’ is Baloney .”
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Los Angeles Times Covers Organizing for America’s ‘Baloney’ Map to Reelection
Even The Washington Post Thinks Dumping Taxpayer Money Into Green Enterprises is a Bad Idea
The actual take-away from the Washington Post editorial is that Obama should appear to be more upset, because it looks bad politically for him to be so blase’ about blowing half a billion dollars on a company that was bound to fail (Washington Post) ONCE THE OBAMA administration’s paragon of a clean-energy future, Solyndra has
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Even The Washington Post Thinks Dumping Taxpayer Money Into Green Enterprises is a Bad Idea
Who’s Up For Another Fannie Mae Bailout?
**Written by Doug Powers Thank goodness the Dodd-Frank bill took care of the problems , eh? From Reuters : Mortgage finance giant Fannie Mae (FNMA.OB) on Friday said it would ask for an additional $8.5 billion from taxpayers as it continues to suffer losses on loans made prior to 2009. The largest U.S. residential mortgage funds provider reported a net loss attributable to common shareholders of $8.7 billion, or $1.52 per diluted share, in the first quarter. Including the latest request, the firm has taken about $100 billion from the U.S. government since it was seized in 2008, though it has also paid about $12.4 billion to taxpayers in interest. Did I call it a “bailout” in the title? Sorry, that’s so 2008 — these days it’s a “fresh taxpayer infusion.” And hold on to your Fannie, because I have a feeling that Freddie might also soon be getting in line for seconds at the taxpayer cash buffet : Sibling firm Freddie Mac (FMCC.OB) said on Wednesday it lost just under a billion dollars in the first three months of the year, though the second-largest provider of mortgage funds did not request any new money from the government. Here’s a flashback to Barney Frank in 2003, just because : The more people, in my judgment, exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the Treasury, which I do not see. I think we see entities that are fundamentally sound financially and withstand some of the disaster scenarios…. Barney Frank keeps getting re-elected… why exactly? (h/t Lonely Conservative ) **Written by Doug Powers Twitter @ThePowersThatBe
Obama hits oil giants over pump prices (AFP)
AFP – US President Barack Obama called on Congress Tuesday to cut $4 billion in subsidies to profit-churning oil firms, as higher gasoline prices squeeze families and harm his political prospects.

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Obama hits oil giants over pump prices
(AFP)
Don’t Look for any Transparency in Obama’s 2012 Campaign Fundraising Numbers
Transparency for thee , but not for me. I keep asking WHY this guy needs a billion dollars to run for re-election if he’s been so damn great for the nation, and with no apparent GOP entity to run against. All I’m hearing are crickets. Pretty much the same crickets that chirped when some were asking about all the overseas bundling that came into his 2008 campaign in the months before the general election. (CBS News) — Pres. Obama’s re-election campaign won’t be disclosing how much money is taken in at the individual fundraising events attended by Pres. Obama. Neither will the Democratic National Committee. An official says it’s the same policy by which the Obama Campaign operated in the 2008 election cycle. Fundraising numbers have to be filed with the Federal Election Commission, but often not until weeks later — and the FEC documents don’t itemize amounts raised at specific fundraising events. The Obama Campaign is not the first to adopt such a policy, although Pres. Bush’s re-election operation in 2004 freely disclosed how much money was taken in at individual events. The Obama Campaign thinks the release of such information might be akin to divulging strategic political information that opponents could use to discern levels of support. Pres. Obama often trumpets that his White House is more transparent and open than any other. But it’s clear he does not apply that approach to his political fund-raising. The president attended three fundraisers last Thursday in Chicago . His political operation revealed the price range of tickets, from $100 to $35,800 per person, and also disclosed the number of people in attendance. But it declined to provide an official estimate of how much money would be raised. Reporters could try to estimate the amounts. HT: JammieWearingFool
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Don’t Look for any Transparency in Obama’s 2012 Campaign Fundraising Numbers
Taking the ‘illions’ Out of the Debt and Spending-Cut Discussion
Perhaps the problem with our discussions of the debt is the suffix “illion.” Because most of us aren't millionaires, the concepts of a million dollars, a billion dollars, and a trillion dollars all blur together to mean “a whole lot.” I'm not the first to make this observation. Saul Alinsky, mentor to the mentors of President Obama, wrote in Rules for Radicals : “The moment one gets into the area of $25 million and above, let alone a billion, the listener is completely out of touch, no longer really interested, because the figures have gone above his experience and almost are meaningless. Millions of Americans do not know how many million dollars make up a billion.” Of course, it's not like this sort of thinking influences the decisions of the president, right? I thought of that when I saw this : President Obama's budget director Jack Lew in a Sunday opinion piece outlined some off the “tough choices” Obama is willing to make to cut spending in his 2012 budget request due out on Feb. 14. In total, the $775 million in detailed cuts fall far short of demands by congressional Republicans and will do little toward tackling the deficit, which is estimated to be $1.5 trillion this year by the Congressional Budget Office. The cuts are in addition to a five-year spending freeze which the administration says will save $400 billion over the next decade. ( HT : Ace of Spades.) Removing the “illion”s, we can illustrate it as thus: The projected deficit for this year:
US pressing India to buy US military hardware: FT (AFP)
AFP – The United States has stepped up pressure on India to buy US military hardware worth up to 11 billion dollars, ahead of President Barack Obama?s first state visit to the country, a report said Friday.

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US pressing India to buy US military hardware: FT
(AFP)
Obama getting fewer judges confirmed than Nixon (AP)
AP – A determined Republican stall campaign in the Senate has sidetracked so many of the men and women nominated by President Barack Obama for judgeships that he has put fewer people on the bench than any president since Richard Nixon at a similar point in his first term 40 years ago.

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Obama getting fewer judges confirmed than Nixon
(AP)
As Democrats fear rout, Obama launches new jobs push (AFP)
AFP – US President Barack Obama Monday promised more than 50 billion dollars to create jobs rebuilding roads, railways and airports, targeting huge unemployment and ripping resurgent Republicans.

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As Democrats fear rout, Obama launches new jobs push
(AFP)
Obama to launch political offensive on economy (AFP)
AFP – US President Barack Obama will travel to the Midwestern US state of Wisconsin Monday as part of a broad effort to stem ebbing political support over the slowing economic recovery.

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Obama to launch political offensive on economy
(AFP)