Archive for June, 2011

Blogging for Liberty: The Department Of Energy Was Created Why?

The Department of Energy was instituted on August 4, 1977, but does anybody out there have any memory of the reason given for its establishment during the Carter Administration?


Ah yes, another good old bureaucracy with a mission. Obama has shut down domestic production in ways never before envisioned, and he is planning on buying oil from Brasilian oil mega-giant Petrobras.

You remember that scene from the first of the Star Wars movies, right? Well, one line seems perfectly apropos:

“These aren’t the droids you’re looking for… You can go about your business… Move along… move along.”



Blogging for Liberty: Socialism Is More Than Just One Flavor

Socialism: More Than Just One Flavor

Some socialists want complete nationalization of the means of production, distribution, and exchange; while other types of socialists advocate state (government) control of capital within the framework of a market economy.  This latter type of socialist is called a Social democrat, and Social democrats like Obama and the Dems and RINOs promote selective nationalization of key national industries in mixed economies combined with tax-funded welfare programs (you know, like GM and Obama care).

Social democracy as a political ideology emerged in the late 19th century from the socialist movement worldwide. The positions of Social democrats  include support for a welfare state which incorporates elements of both socialism and crony capitalism, sometimes termed a mixed economy. Social democracy differs from traditional socialism, which aims to end the capitalism (private property) altogether. Social democrats on the other hand aim to reform capitalism “democratically” through state regulation and the creation of programs that work to counteract or remove the “social injustice” (disparity in outcome) socialist erroneously attribute to capitalism.

However, according to Karl Marx himself (a man who’s quotes are used frequently by Obama and his Administration) “Democracy is the road to socialism,” and “Socialism is the intermediate step from Capitalism to Communism.”

So, if anyone tells you that Obama and his Administration  is NOT socialist or communist, then they are ignorant, lying, or both.



Blogging for Liberty: Broken Promises? Obama? Not very kingly!

President Obama promised repeatedly during his campaign for President that lobbyists “won’t find a job in my White House.”

Oh, come on! He was not really serious about that!

Here is a list of a few former lobbyists that Obama appointed at the beginning of his first year as King, I mean President:

Melody Barnes, domestic policy council director, lobbied in 2003 and 2004 for  the American Civil Liberties Union, the Leadership Conference on Civil Rights, the American Constitution Society and the Center for Reproductive Rights.The American Constitution Society believes that law should be a force to improve the lives of all people by debunking conservative buzzwords such as “originalism” and “strict construction”. Yes, they promote judicial activism.

William Corr, deputy health and human services secretary nominee, was registered to lobby until last year for the Campaign for Tobacco-Free Kids, a non-profit that pushes to limit tobacco use by using its money to promote the election of  statists while making its officers rich (you know, crony capitalism).

Patrick Gaspard, White House political affairs director, was a lobbyist for the Service Employees International Union (SEIU).

David Hayes, deputy interior secretary nominee, was registered to lobby until 2006 for clients, including the regional utility San Diego Gas & Electric (a government protected monopoly).

Eric Holder, attorney general nominee, was registered as a lobbyist until 2004 for clients including Global Crossing, a bankrupt telecommunications firm (that some called their accounting little more than a ponzi scheme).

Ron Klain, chief of staff to Vice President Joe Biden, was registered as a lobbyist until 2005 for clients, including the Coalition for Asbestos Resolution, U.S. Airways, Airborne Express and drug-maker ImClone (the “Coalition” has made many attorneys rich).

William Lynn, deputy defense secretary nominee, was registered as a lobbyist as recently as last year for Raytheon (the defense contractor  where he was a top executive).

Cecilia Munoz, White House director of intergovernmental affairs, was a lobbyist as recently as last year for the National Council of La Raza, “a Hispanic advocacy group” ( if by” Hispanic” you mean “racist” –“La Raza” means “The Race”).

Mark Patterson, chief of staff to Treasury Secretary Timothy Geithner, was registered as a lobbyist as recently as last year for  Goldman Sachs (a Wall Street bank).

Michael Strautmanis, chief of staff to the president’s assistant for intergovernmental relations, lobbied for the American Association of Justice from 2001 until 2005,  (you know them as trial attorneys).

Mona Sutphen, deputy White House chief of staff, was registered to lobby for clients as late as 2003, including Angliss International,  a food exporting company and recipient of farm subsidies from the European Union (successful crony capitalists).

Tom Vilsack, secretary of agriculture nominee, was registered as a lobbyist as recently as last year for the National Education Association, (another union out to rip your money out of your pockets into theirs).

Nothing to see here. Move along peasants!












Blogging for Liberty: Another broken Obama promise? No! I don’t believe it!

Another broken Obama promise? No! I don’t believe it!

Obama said those who work in his administration would not be “serving your former employer, your future employer or your bank account.” Well, he said this repeatedly, but he didn’t really mean it. Come on! Give him a break. Geez!

During the first few months either side of 2011, officials have quietly left the White House, the Federal Communications Commission, the Federal Highway Administration, the Departments of the Treasury, Commerce and Homeland Security as is usual during the midterm of any Presidential administration. But the big O made promises to all the useful idiots that voted for him these former employees would not be cashing in their White House connections for high-paying gigs on K Street, Wall Street, top PR firms including the Glover Park Group and VOX Global, or work or lobby for powerful media and telecom companies including Facebook, Comcast, Bloomberg L.P., DirecTV, Sprint Nextel and T-Mobile. But guess what? They did!

Statists, opportunists, and thieves are apparently synonyms. Unfortunately, I knew this BEFORE  Obama, Reid, Pelosi and all the other Democrats and RINO Republicans were elected. However, I must confess, I never knew this crop of statists would destroy so much so quickly. Perhaps legal voters will remember this little piece of modern history?


Blogging for Liberty: Commercial Paper

Many U.S. businesses are financed with short-term notes that mature in 90 to 180 days. This is called commercial paper. What happens when your 90-day note matures, and nobody will refinance it? Just ask Fannie and Freddie, who had $225 billion in short-term notes mature and nobody would refinance them.

Of course there is a market for these bad loans. It’s about 22 cents on the dollar. The problem is that nobody wants to sell for that price as long as the taxpayers will pay a higher price. So the federal government will buy these assets for a higher price, and you will pay the bill!

Oh, but it gets worse! Now the OBAMANATION will be a direct partner in any business that has a lone.

Can you say “fascism”?



Blogging for Liberty: The Reddest and the Bluest States

The Reddest and the Bluest

PRB looked at the results from the last five elections (from 1988 through 2004) and identified 20 states that have been reliably Republican, with another 18 (plus the District of Columbia) that have been reliably Democratic.2 As the map shows, these states follow regional patterns: Republican states tended to be in the South, Great Plains, and Mountain West, while Democratic states tended to be in the Northeast, Great Lakes, and on the West Coast.

State Typologies Based on 1988-2004 Presidential Elections

Why Recent History did Not Hold in 2008

While these historical trends are useful in analyzing the outcome of the upcoming election, news reports and state polls in recent weeks have suggested that changes might be in play for 2008. Several states that have been reliably Republican over the past 20 to 40 years are considered swing (or “battleground”) states this time around. This list includes Colorado, North Carolina, and Virginia.

Three post-2000 demographic trends emerge when examining these new swing states:

  • Each state has a higher voting-age population (VAP) growth rate than the national average (9 percent).
  • The Hispanic rate of growth in voting population has been especially high.
  • Much of the growth has occurred among minority groups and in suburban, exurban, and urban areas (see table).

Florida, long considered a swing state, shares the same trends but to an even greater degree. These trends may have reshaped the political map as we have come to know it over the past couple of election cycles.

Change in Voting-Age Population (VAP), 2000-2007: Selected Battleground States in 2008

State Total VAP increase Hispanic VAP increase Share of Total VAP Increase
Selected racial/ethnic groups Metropolitan areas
Traditionally Republican States
Colorado 15% 32% Hispanics: 32% 47% in Denver
North Carolina 12% 53% African Americans: 23%
Hispanics: 18%
29% in Raleigh-Durham
25% in Charlotte
Virginia 10% 51% Hispanics: 21%
African Americans: 21%
Asian Americans: 15%
47% in Northern Virginia
(including exurbs)
Traditionally Democratic States
Pennsylvania 3% 44% Hispanics: 38%
African Americans: 24%
Asian Americans: 20%
40% in Philadelphia suburbs
Swing States
Florida 15% 40% Hispanics: 42%
African Americans: 19%
19% in Miami-Fort Lauderdale
16% in Orlando
14% in Tampa-St. Petersburg
Missouri 7% 48% African Americans: 15%
Hispanics: 13%
35% in St. Louis
20% in Kansas City
15% in Springfield
Ohio 3% 34% African Americans: 26%
Hispanics: 18%
Asian Americans: 14%
43% in Columbus
34% in Cincinnati

Note: Data for African Americans and Asian Americans are for non-Hispanic members of these groups who did not identify with another racial group

Sources: Population Reference Bureau, analysis of data from U.S. Census Bureau, “Annual State Population Estimates with Sex, 6 Race Groups (5 Race Alone Groups and One Group with Two or more Race Groups) and Hispanic Origin: April 1, 2000 to July 1, 2007,” accessed online at on May 31, 2008; and “Annual Estimates of the Resident Population by Selected Age Groups and Sex for Counties: April 1, 2000 to July 1, 2007,” accessed online, on Aug. 31, 2008.

As for the racial groups, 66 percent of non-Hispanic whites, 56 percent of non-Hispanic blacks, and just 28 percent of Hispanics (a testament to Hispanics’ citizenship rates of 61 percent) voted in the 2004 election.

Blogging for Liberty: Blythe Masters, head of global commodities at JPMorgan Chase (you know, Global Warming/ Carbon Footprint Trader (to be).

Blythe Masters, head of global commodities at JPMorgan Chase:

Yes, if by “no one” you mean “everyone.”

If Cap and Trade becomes the law of the land, then Blythe Masters’ division at JPMorgan Chase will broker all the “trades.” It is good to have connections to Obama, at least JPMorgan Chase thinks so!


Blogging for Liberty: All the President’s Men Are Bankers?

Do you know how many former executives of this bank work for the Obama Administration (also known as the OBAMANATION)?

William Daley, a JPMorgan Chase & Co. executive and former U.S. Commerce secretary has great connections, and he has deep ties in Obama’s political base. The youngest of seven children of  Chicago Mayor Richard Daley, and as such is part of the most powerful political dynasty in Illinois. During the 2008 presidential race, William Daley was an economic adviser to Obama and was a co-chairman of his transition team after the election.

William Daley was also a political mentor to Rahm Emanuel, who worked with Daley in President Bill Clinton’s administration and served as Obama’s first chief of staff.  Douglas J. Elliott, a fellow at the Washington-based Brookings Institution and a former JPMorgan Chase managing director is also a close friend of Daley.





Blogging for Liberty: JPMorgan Chase

In 2008, JPMorgan Chase announced its $1.9 billion purchase of Washington Mutual’s banking operations.

The acquisition, which marks the biggest bank failure in the nation’s history, includes WaMu’s $307 billion in assets and $188 billion in deposits.

WaMu was the 13th bank to fail so far this year (2008). In March, JPMorgan Chase purchased investment bank Bear Stearns.

Following the acquisition of WaMu by JPMorganChase, Obama had this to say about James “Jamie” Dimon, CEO  and chairman of JP Morgan Chase handling of the real-estate crash, credit crisis, and the banking collapse:

President Barack Obama shakes hands with JPMorgan Chase CEO Jamie Dimon

“You know, keep in mind, though there are a lot of banks that are actually pretty well managed, JPMorgan being a good example, Jamie Dimon, the CEO there, I don’t think should be punished for doing a pretty good job managing an enormous portfolio.”–Barack Obama

Dimon oversaw the transfer of $25 billion (25,000 million) from the US Treasury Department to JPMorgan Chase on October 28, 2008 via the Troubled Asset Relief Program  (TARP).

Dimon is a Democrat and became influential in the Obama Administration. Dimon was one of three CEO’s found to have had liberal access to Secretary of the Treasury Tim Geithner in the seven months after the financial crisis in fall 2008.

The Big O, Tim Geithner,  Jim Rohr (Chairman and CEO of PNC), and Jamie Dimon

Hey, nothing to see here! Move along.


Blogging for Liberty: Tony Rezko and the Big O

How can this go generally unnoticed? Because it is crony capitalism!


Obama Land Deal with Rezko and Mutual Bank Subject of New Court Complaint

By Truthteller on October 18, 2008

Chicago Sun-Times columnist mentioned how a certain financial institution in Chicago would become the subject of a federal probe relation to the conviction of Antoin “Tony” Rezko. Although I cautioned I did not have conclusive evidence when I argued that the Mutual Bank is most probably the financial institution in question, it now appears I may have been correct.

For according to a Washington Times exclusive printed today, a Real Estate and Commercial Credit Analyst of Mutual Bank has assumed whistleblower status and filed complaint against his former employer.

The subject of his complaint is the Mutual Bank and its potentially fraudulent reappraisal of the lot on which Obama’s home sits.

Obama, we recall, was only able to purchase the mansion he could not afford in June 2005 as a result of Rita Rezko’s ability to secure a mortgage for the lot on which the home sits from Mutual Bank.

And yes, Obama is involved in this complaint, for his decision to purchase a 10 foot strip of the lot on which his home sits from Rita Rezko in January 2006 was, according to the complaint, the reason why these potentially fraudulent reappraisals of the Rita Rezko lot were drafted.

I quote the Washington Times:

In a complaint filed Thursday in the Circuit Court of Cook County, Kenneth J. Connor said that his reappraisal of Rita Rezko’s property was replaced with a higher one and that he was fired when he questioned the document.

Mr. Connor, a real estate and commercial credit analyst at the Mutual Bank Corp. in Chicago, also noted in the complaint that the bank received a grand jury subpoena in October 2006 requiring it to produce information concerning Mrs. Rezko’s purchase, including the bank’s files on the property.

Mutual Bank, Rita Rezko’s account and the mortgage Rita Rezko received from Mutual for the lot on which Obama’s home sits were the subjects of a grand jury subpoena in 2006. I recommend you read my essay on Rita Rezko, the Obama land deal and Mutual Bank for an explication of why the mortgage she received from Chicago machine banker “Uncle” Amrish Mahajan of Mutual would have raised the eyebrows of federal prosecutors.

The Washington Post continues:

The complaint also said that the grand jury wanted information on Mrs. Rezko’s checking account and loan file and that the Federal Deposit Insurance Corp. (FDIC) had audited the Rezko file – although Mr. Connor’s lower reappraisal had been replaced with a higher amount.

“Connor’s internal whistle-blowing activity at Mutual Bankimplicates Mutual Bank and the potentially guilty officers thereof toprosecution under federal and Illinois statutes,” said the complaint, filed by attorney Glenn R. Gaffney.

The complaint said Mutual Bank officials could be guilty of making false statements, willfully overvaluing property, bank fraud, witness retaliation, willful violation of a lawful subpoena, FDIC violations, and state banking regulations…

According to the complaint, Mr. Connor reviewed the appraisal of the Rezko property by another firm, Adams Appraisal, which had set the value at $625,000. Mr. Connor’s complaint said that he told his bosses in a report that the property had been overvalued by at least $125,000 and that a “reasonable and fair evaluation” should have been no greater than $500,000.

Why would Mutual Bank desire to inflate the value of the Rezko property on which the Obama home sits? Why would Mutual Bank risk obstructing justice? A paragraph in the Washington Times exclusive answers these questions. I quote them again:

The complaint said the Rezko loan was approved by Mutual BankPresident and CEO Amrish Mahajan and others so that Mrs. Rezko could buy a 9,090-square-foot vacant parcel of real estate. It said that in January 2006, Mrs. Rezko and Mr. Obama, along with his wife Michelle, signed an agreement to sell a 10-foot strip of the property to the Obamas. At that point, according to the complaint, Mr. Connor’s firm asked him to conduct the reappraisal.

Connor, in other words, was fired for noting that the value of the property had been inflated.

For if Mutual adhered to Connor’s appraisal, Rita Rezko would have received less money from Obama for the ten foot strip of land next to his home he purchased from the convicted slum landlord’s wife.

And Mahajan, the CEO of Mutual, had an interest in ensuring Rezko would receive more money from Obama, for Mahajan is deeply imbricated in the Chicago machine that used Obama to funnel government revenue into the privatization of public housing scheme from which Obama’s friends profited.

Now wonder why Mutual removed Connor’s appraisal from the Rita Rezko file.

Mahajan, the Mutual Bank, Rita Rezko and the Obama land deal are now the subjects of a complaint filed with the Circuit Court of Cook County, and Obama’s financial dealings with the Mutual Bank and with Rita and Antoin “Tony” Rezko are the subjects of news articles that explore Chicago corruption and questionable real estate transactions.

I guess the deal really was “boneheaded.”

No Quarter asked readers to focus on the land deal and on Mutual when theChicago Sun-Times mentioned that a financial institution is the subject of federal prosecutors’ interest, for Obama’s decision to purchase land from Rita Rezko catalyzed all the press on his questionable land deal with convicted slumlord Antoin “Tony” Rezko.

Now we know that transaction was the subject of a federal subpoena in 2006, and now we know a complaint has been filed against Mutual for intimidating employees and attempting to increase the value of the Obama lot most probably in order to ensure Rita Rezko would receive enough money to repay the $500,000 loan she received from Mahajan and the Mutual Bank even though she only earns $35,000 per annum at her government job.

Much more is to be learned about this land deal. But now that it is the subject of a complaint and a federal subpoena filed in 2006, I imagine we will learn that Obama chose Rezko to tour the mansion and purchase the lot on which it sits in order to ensure that he could later repay Rezko for the land he could not afford.

Why else did Mahajan, one of Rezko’s bankers who also sat on the Chicago Plan Commission of Daley with Valerie Jarrett and Allison Davis, manipulate the value on the lot when Obama was ready to repay the Rezkos for the favor?

Must money always be kept within a small network of corrupt Chicago machine cogs?

I imagine we will read more about Obama and his financial dealings with Rita Rezko and Amrish Mahajan’s Mutual Bank before votes are cast in November. It was a “boneheaded” deal indeed, Senator Obama.



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