Timothy Geithner arrested

Hopefully, Obama will be next...

Behind Obama's Phony Deficit Numbers

President Obama was disingenuous when he said that the budget deficit he faced "when I walked in the door" of the White House was $1.3 trillion. He went on to say that he only increased it to $1.4 trillion in 2009 and was raising it to $1.6 trillion in 2010.

As Joe Wilson said, "You lie."

Here are the facts...

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For the love of God, there are people in comas that are more aware of world affairs than Barack Obama!

The Audacity of Unawareness
April 15th, 2009 5:03 pm

Barack Obama, through his spokesman, claimed today that he was unaware of the tax day tea parties. Granted, the MSM has done a good job in suppressing any sort of coverage ahead of time (and the little coverage they did provide was derisive at best)… but how out of touch is the Community Organizer in Chief, really?

This much.

- He was unaware that he was attending a church (for 20 years) with a racist pastor who hates America.

- He was unaware that he was family friends with, and started his political career in the living room of, a domestic terrorist.

- He was unaware that he had invested in two speculative companies backed by some of his top donors right after taking office in 2005.

- He was unaware that his own aunt was living in the US illegally.

- He was unaware that his own brother lives on pennies a day in a hut in Kenya.

- He was unaware of the AIG bonuses that he and his administration approved and signed into a bill.

- He was unaware that the man he nominated to be his Secretary of Commerce was under investigation in a bribery scandal.

- He was unaware that the man he nominated to be his Secretary of Health and Human Services was a tax cheat.

- He was unaware that the man he nominated to be his Secretary of the Treasury was a tax cheat.

- He was unaware that the man he nominated to be the U.S. Trade Representative was a tax cheat.

- He was unaware that the woman he nominated to be his Chief Performance Officer was a tax cheat.

- He was unaware that the man he nominated to be #2 at the Environmental Protection Agency was under investigation for mismanaging $25 million in EPA grants.

For the love of God, there are people in comas that are more aware of world affairs than this guy!

Dear A.I.G., I Quit!

The following is a letter sent on Tuesday by Jake DeSantis, an executive vice president of the American International Group’s financial products unit, to Edward M. Liddy, the chief executive of A.I.G.

Read the letter...

Treasury knew about the bonuses in November 2008!

Not only that, but this: Obama violating law on TARP oversight?"

DOUBLE WHAMMY...PLUS A BLOW FOR TIMOTHY GEITHNER: ...everyone knew about these bonuses. Congress even knew enough about it to question Geithner on it, with remarkable accuracy on the total amount due to be paid out, on March 3rd — nine days before Geithner initially claimed to know about it.

Obama's AIG Panic

This is all too much even for Rep. Charlie Rangel, the House's chief tax writer, who says the tax code shouldn't be deployed as a "political weapon."...One consequence will be that every bank executive in America will try to repay his Troubled Asset Relief Program, or TARP, money as rapidly as possible. The political punishment for accepting public money is becoming higher than the benefits of the extra capital cushion...The worst mistake he [Obama] can make is to deflect attention away from government's mistakes by joining the attack on the very bankers he needs to lead an economic recovery. That's how a deep recession becomes a Depression.

Read the whole thing!

CNN BREAKING: Dodd reverses position on AIG bonuses, admits guilt

You can run...but you can't hide (except for O-boy): Wonder what forced him to admit it? Wonder if he'll get death threats now just like the poor wives and children of AIG employees...

Will Obama, McCain, Dodd Return Contributions From AIG Employees?

According to the Center for Responsive Politics, which tracks campaign finance reports, more than $120,000 of that money was donated after AIG received its first $85 billion in federal bailout funds in September...This raises two key questions: Was any bailout money used to make political contributions? And will the politicians who received AIG cash give the money back?

1. Sen. Chris Dodd, D-Conn., $103,100
2. Sen. Barack Obama, D-Ill., $101,332
3. Sen. John McCain, R-Ariz., $59,499
4. Sen. Hillary Clinton, D-N.Y., $35,965
5. Sen. Max Baucus, D-Mont., $24,750
6. Former Gov. Mitt Romney, (R) Pres $20,850
7. Sen. Joe Biden, D-Del., $19,975
8. Rep. John Larson, D-Conn, $19,750
9. Sen. John Sununu, R-N.H., $18,500
10. Former Mayor Rudolph Giuliani (R) Pres $13,200
11. Rep. Paul Kanjorski, D-Pa., $12,000
12. Sen. Dick Durbin, D-Ill., $11,000

This is just a big taxpayer-funded orgy of politicians raping the public...except that most Republicans (except for 3) did NOT vote for the stimulus!

Dodd (D): If this doesn't piss you off then nothing will

As ABC News' Capitol Hill Correspondent Jonathan Karl reported, in February, the Senate unanimously approved an amendment restricting bonuses over $100,000 at any company receiving federal bailout funds, but during the closed-door House and Senate negotiations the provision was stripped out and replaced with a measure by Dodd exempting bonuses agreed to prior to the passage of the stimulus bill on February 11, 2009.

Read the whole thing!

Oh, those sneaky Dems!

Just got back from the doctor...I have pneumonia. But this stuff is too good not to blog about! (But feeling not so hot, I think I'll "Insta-Pundit" my way through everything until I'm feeling better.) So: short and sweet:

Watch 'em try to have their cake and eat it too! Amid AIG Furor, Dodd Tries to Undo Bonus Protections in the 'Dodd Amendment' Rules

The Real AIG Outrage

President Obama joined yesterday in the clamor of outrage at AIG for paying some $165 million in contractually obligated employee bonuses. He and the rest of the political class thus neatly deflected attention from the larger outrage, which is the five-month Beltway cover-up over who benefited most from the AIG bailout.

Taxpayers have already put up $173 billion, or more than a thousand times the amount of those bonuses, to fund the government's AIG "rescue." This federal takeover, never approved by AIG shareholders, uses the firm as a conduit to bail out other institutions. After months of government stonewalling, on Sunday night AIG officially acknowledged where most of the taxpayer funds have been going.

Since September 16, AIG has sent $120 billion in cash, collateral and other payouts to banks, municipal governments and other derivative counterparties around the world. This includes at least $20 billion to European banks. The list also includes American charity cases like Goldman Sachs, which received at least $13 billion. This comes after months of claims by Goldman that all of its AIG bets were adequately hedged and that it needed no "bailout." Why take $13 billion then? This needless cover-up is one reason Americans are getting angrier as they wonder if Washington is lying to them about these bailouts.

You will understand all if you take the time to read this!