First because of a hurricane. Now because of Wall St.
Posted By: Next it'll be a flood in the midwest or - s/m on 2008-09-25
In Reply to: You sound like the chicken, m'dear - sm - Fauxbama
an earthquake in California. Or maybe because his favorite show is on TV that night.
I want somebody with some actual ballz in the white house, not an aged wimp.
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And that hurricane is GWB
Kind of funny the economy took a huge nose dive while on Bush's watch but the reichwing want to blame Obama who isn't even in office yet.......it isn't even logical......predictions based on what? The Republicans trashed our constitution, wiped their arses with the bill of rights, put us in another Vietnam based on lies so Halliburton and Blackwater could get rich and then rewarded all their buddies with high profile jobs and record profits and said screw the middle class. WAKE UP! What a joke.
Hurricane housing, a way to help!
Just got this email from my brother:
We are forwarding this information about hurricanehousing.org - it was assembled by the progessive people of moveon.org and has been publicized by local mainstream media. While we are unspeakably upset by the lack of timely federal emergency aid, we are gratified by grassroots caring and hope that this disaster will serve as a moral reawakening beyond its terrible pain and loss. Please consider the following....
We're sure you've seen the horrifying images on TV of destruction left by Hurricane Katrina, and the many, many people left with nowhere to go.
You can help. MoveOn.org just launched a website, www.hurricanehousing.org, to connect your empty beds with hurricane victims who desperately need a place to wait out the storm.
You can post your offer of housing (a spare room, extra bed, even a decent couch) on http://www.hurricanehousing.org or search there for housing if you need it.
MoveOn will pass requests from hurricane victims or relief agencies on to volunteer hosts, who can decide whether or not to respond to a particular request. The host remains anonymous until they reply to someone looking for housing.
The ______(this was my brother's name) just posted an offer. We hope you will too, or pass this on to people you know in the Southeast:
http://www.hurricanehousing.org
Housing is most urgently needed within reasonable driving distance (about 300 miles) of the affected areas, especially New Orleans.
Thanks!
Hurricane Betsy
This morning I saw some 40-year-old video, some network news, some home movies, of Lyndon Johnson on September 10, 1965. Hurricane Betsy went through New Orleans on September 9, at 155 mph. 18 hours later Johnson was standing on a box with a flashlight yelling out, this is your president speaking, I am here to help you. He and the mayor and other people were riding around in amphibious vehicles. The Secret Service was really PO'd because they felt the couldn't protect the president like they were supposed to but he went about his business anyway. Granted, the levees did not break and things on the ground were different than Katrina but the point is, 40 years ago, the president of the united states knew there was a hurricane on the way and he responded to that hurricane18 hours after it had passed - IN PERSON!!!
Geez. Now you are using the hurricane...
the evening shift has arrived. Good evening! did you even look at the video of your dem buddy yucking it up? You don't have any moral high ground here.
Hurricane Katrina: A sign from God.
God is telling us that Bush is an idiot who destroys everything in (and out of) his path, and it's time for Americans to wake up.
Being from hurricane country, our leaders do not
nm
Hurricane watch is unnerving. Sorry about
For more substantial posts to keep the real issues alive. You will not have to deal with me much longer. I'll be distracting myself from the Cat4/5 storm that looms off the coase by doing some research and puttin' it out there. Enjoy the calm before the next round of storms!
What Bush Needs to Understand After Hurricane Rita
I just saw a video of Bush, the former GOVERNOR OF TEXAS, who said the following with regard to Hurricane Rita:
What I am going to do is observe the relationship between the state and local government, and I want to watch that relationship. It's an important relationship, and I need to understand how it works better.
Wonder what he was watching before/when he was governor of that very same state! Better yet, I seriously wonder what he's been watching for the past 5 years!
As a citizen/poster from hurricane country
nm
So will you still feel that way the next time a hurricane wipes
that might not be such a BAD thing....
Millions could get to DC for the inauguration, but couldn't get out of NO before the hurricane...
nm
Bedtime story from Hurricane country entitled
"Ours is a promise that says government cannot solve all our problems, but what it should do is that which we cannot do for ourselves – protect us from harm…" ". We are more compassionate than a government that…sits on its hands while a major American city drowns before our eyes." Barack Obama, nomination acceptance speech, 08/28/2008.
This is written in response to the post below that express the "bootstrap mentality" approach to Katrina and Bush/federal government response. Bush never seems to be held accountable for any of his actions or lack thereof. What I do know is that we deserve better from our so-called leaders. I want someone in charge of the country who knows that what I am about to describe is unacceptable. I am writing this because, at the very least, we should not allow our memories to fade away too quickly about the most shameful episode of leadership/federal agency failure and breakdown I have ever witnessed in my lifetime.
As for the poster who said that "if you don't live here, you don't know what you are talking about": Thing is that I do live in hurricane country on the Gulf Coast where to this day, 3 years later, we still welcome, house, employ, include, encourage and support Hurricane Katrina survivors/refugees. Hurricane Gustav is poised to make a visit here on the opening night of the RNC and will be slamming ashore and doing its thing during the opening speech by you-know-who. My memory of the last time we went through this is very clear. Where it seemed fuzzy, research filled in the blanks. I'm going to jump right in here.
When Hurricane Katrina made landfall, President Bush was on one of his marathon vacations. The August 2005 vacation, in fact, was the longest vacation of any US President (5 weeks). By the time Katrina showed up, he already had been at the ranch for 3 weeks, so he was pretty well rested up. On August 26th, Katrina strengthened to a Category 3 Hurricane and Louisiana Governor Kathleen Blanco declared state of emergency. Blanco asked President Bush to declare federal state of emergency for Louisiana. Next day, Bush interrupted his bike ride with Astronaut Lance Armstrong and declared a state of emergency in selected regions of Louisiana, Alabama, and Mississippi on Saturday, the 27th. The declaration did not include any of Louisiana's coastal parishes, an oversight that would later be addressed in Congressional hearings. Same day, New Orleans mayor Ray Nagin orders a voluntary evacuation of all residents from the city of New Orleans.
Go here to see a map of parishes not included in the declaration. http://www.bobharris.com/content/view/637/1/. This map is an eye-opener. Mr. Harris calls it upsidedownland. Hello. Inland parishes included, coastal parishes excluded. Bushes parents live in the hurricane-prone city of Houston. He probably should have know better.
August 28th, within 9 short hours, Katrina doubled in size and strengthened from a category 3 to a 5. Nagin's evacuation became mandatory. During video conferences involving the president on August 28th and 29th, the NHC director informed Bush that Katrina might push its storm surge over the city's levees and flood walls, using such language "potential for nightmare scenarios," and that this has been known for at least the three decades he has worked at the NHC. Previous warnings, such as the one made by the Houston Chronicle in 2001, told of a disaster that "would strand 250,000 people or more, and probably kill one of 10 left behind as the city drowned under 20 feet of water" following a severe hurricane making landfall on NO. Other publications, such as Popular Mechanics, Scientific American, and The Times-Picayune had given similar doomsday scenarios in which a sinking city would drown and its residents would be left homeless.
On August 28th, the National Weather Sevice out of Baton Rogue and NO issued the following bulletin. This text is included in its entirety because the warning Bush decided to ignore just don't get any more clear than this. Before reading this, keep in mind that in response, Bush alerted FEMA Director Michael Brown, aka "Brownie," and stayed put, on vacation, since he had "done his part." No shouts in tended. This is the way cut and paste works. http://en.wikipedia.org/wiki/National_Weather_Service_bulletin_for_New_Orleans_region ...DEVASTATING DAMAGE EXPECTED... HURRICANE KATRINA...A MOST POWERFUL HURRICANE WITH UNPRECEDENTED STRENGTH...RIVALING THE INTENSITY OF HURRICANE CAMILLE OF 1969. MOST OF THE AREA WILL BE UNINHABITABLE FOR WEEKS...PERHAPS LONGER. AT LEAST ONE HALF OF WELL CONSTRUCTED HOMES WILL HAVE ROOF AND WALL FAILURE. ALL GABLED ROOFS WILL FAIL...LEAVING THOSE HOMES SEVERELY DAMAGED OR DESTROYED. THE MAJORITY OF INDUSTRIAL BUILDINGS WILL BECOME NON FUNCTIONAL. PARTIAL TO COMPLETE WALL AND ROOF FAILURE IS EXPECTED. ALL WOOD FRAMED LOW RISING APARTMENT BUILDINGS WILL BE DESTROYED. CONCRETE BLOCK LOW RISE APARTMENTS WILL SUSTAIN MAJOR DAMAGE...INCLUDING SOME WALL AND ROOF FAILURE. HIGH RISE OFFICE AND APARTMENT BUILDINGS WILL SWAY DANGEROUSLY...A FEW TO THE POINT OF TOTAL COLLAPSE. ALL WINDOWS WILL BLOW OUT. AIRBORNE DEBRIS WILL BE WIDESPREAD...AND MAY INCLUDE HEAVY ITEMS SUCH AS HOUSEHOLD APPLIANCES AND EVEN LIGHT VEHICLES. SPORT UTILITY VEHICLES AND LIGHT TRUCKS WILL BE MOVED. THE BLOWN DEBRIS WILL CREATE ADDITIONAL DESTRUCTION. PERSONS...PETS...AND LIVESTOCK EXPOSED TO THE WINDS WILL FACE CERTAIN DEATH IF STRUCK. POWER OUTAGES WILL LAST FOR WEEKS...AS MOST POWER POLES WILL BE DOWN AND TRANSFORMERS DESTROYED. WATER SHORTAGES WILL MAKE HUMAN SUFFERING INCREDIBLE BY MODERN STANDARDS. THE VAST MAJORITY OF NATIVE TREES WILL BE SNAPPED OR UPROOTED. ONLY THE HEARTIEST WILL REMAIN STANDING...BUT BE TOTALLY DEFOLIATED. FEW CROPS WILL REMAIN. LIVESTOCK LEFT EXPOSED TO THE WINDS WILL BE KILLED.
On August 29th, John McCain's 69th birthday, Katrina hits New Orleans as a category 4, levies break, Bush continues his itinerary. He jets on off to Luke Air Force Base near Phoenix to join McCain and wish him happy birthday (kinda makes you feel all warm and fuzzy inside). Picture available on the website cited below. Afterward, Bush spoke about Medicare to 400 guests at the Pueblo El Mirage RV Resort and Country Club in nearby El Mirage. Not to worry. Brownie's doin' a heck of a job. August 29th: FEMA press release: 'First Responders Urged Not To Respond To Hurricane Impact Areas Unless Dispatched By State, Local Authorities.'
Five hours after the hurricane hit, FEMA chief Michael Brown asks Homeland Security Secretary Michael Chertoff for approval to send 1,000 Homeland Security workers within 48 hours to the Gulf Coast to provide assistance. Bush fires up the jet and heads out to Rancho Cucamonga, Calif. for talk on prescription drugs for seniors. Back in NO, the 17th Street Canal levee breaks. The Red Cross, while providing relief and support across the Gulf Coast, did not enter New Orleans to provide relief at the Superdome, or any other victim shelter in the city.
August 30th. The Coast Guard reports that it has rescued some 1,200 people from rooftops around the area. Of course, it's all over the TV. The number of evacuees in the Superdome swells to 20,000, as people rescued or left homeless throughout the city are brought to the stadium. Gov. Blanco says the Superdome will have to be evacuated. Bush appears in Coronado, Calif. for a V-J Day commemoration. Go to the website cited below for photo corresponding to the following caption: President Bush plays a guitar presented to him by Country Singer Mark Wills, right, backstage following his visit…" The photo is very telling. For those of you who don't go ballistic when they read democratic commentary, you will find some fascinating information next to the photo.
August 31st. Evacuation of the Superdome begins. Bush cuts vacation short by 2 days and returns to Washington after a brief fly-by over New Orleans where he observed the scene from above.
September 1st: Secretary of Homeland Security Michael Chertoff claims "we have a tremendous array of forces that are currently deployed in New Orleans," as cable TV networks show live images of looting, Superdome residents awaiting evacuation and people stranded without food and water throughout the city. Bush tells "Good Morning America" that "I don’t think anyone anticipated a breach of the levees." That day, Newsweek reported, "The reality, say several aides who did not wish to be quoted because it might displease the president, did not really sink in until Thursday night. Some White House staffers were watching the evening news and thought the president needed to see the horrific reports coming out of New Orleans. Counselor Bartlett made up a DVD of the newscasts so Bush could see them in their entirety as he flew down to the Gulf Coast the next morning on Air Force One. "
September 2nd: President Bush takes aerial tour of New Orleans. Relief copters grounded in New Orleans during Bush visit.
September 3rd: Construction equipment removed from broken levee after Bush visit. Louisiana Senator Landrieu Implores President to "relieve unmitigated suffering" and end FEMA's "abject failures"
September 4th: More than 4,600 active duty military personnel join almost 27,000 National Guard troops in Louisiana for disaster relief. Jefferson Parish President Aaron Broussard lambastes FEMA's response on NBC's "Meet the Press"
http://en.wikipedia.org/wiki/Hurricane_Katrina
In a September 26, 2005 hearing, former FEMA chief Michael Brown testified before a U.S. House subcommittee about FEMA's response. He was questioned about why Bush's declaration of state of emergency of August 27 had not included the coastal parishes of Orleans, Jefferson, and Plaquemines (in fact, the declaration did not include any of Louisiana's coastal parishes, whereas the coastal counties were included in the declarations for Mississippi and Alabama). Brown testified that this was because Louisiana Governor Blanco had not included those parishes in her initial request for aid (can you say pass-the-buck/fib?), a decision that he found "shocking." After the hearing, though, Blanco released a copy of her letter, which requested assistance for "all the southeastern parishes including the New Orleans Metropolitan area and the mid state Interstate I-49 corridor and northern parishes along the I-20 corridor.
A couple of cliches thrown in for good measure: A picture's worth 1000 words. Actions speak louder than words.
Go here for a Katrina Timeline. August 25 to September 5. The links embedded in this timeline make for a good read as well.
http://www.ojr.org/ojr/wiki/Katrina_Timeline/
Go here for a corresponding timeline of Bush's vacation and a few photos. http://www.theleftcoaster.com/archives/010936.php
I understand that, if the people on the ground in hurricane country werwe not immediately alarmed...
why on earth would someone expect George Bush to be? He was relying on the local and state authorities to do their jobs. Kathleen Blanco knows that she messed up...which is why she is no longer in LA politics. All I am saying that everyone should share the blame...not one man.
McCain wants to put Soc Sec in Wall St just like
HE MUST BE STOPPED
Oh Wow. Don't think Wall Street
likes what was done today. It's down 383.73 points and it's not even 4:00 yet!
I have zero confidence in Wall St......nm
x
The writing is on the wall!!!
xx
I am, however, for building that wall...
Along the Mason-Dixon Line!!
Wall Street Journal for one
I know, I know a "liberal rag"!!!! ha ha ha
90% of Wall Street is owned and run by....sm
liberal democrats.
The feds should use the bank & Wall St.
Then put a lien on, and sell, their fancy mansions in upstate NY, their yachts, their Mercedes, etc. Let their kids to go public school instead of fancy private ones. They're the greedy ones who got us into this mess, let THEM pay for it, not us.
McCain wants to privatize SS in Wall St just like
You have to really try to pay attention. Wall St is now subsidized by us. The big money is gone. If GW had his way, everyone's SS would be gone. McCain still wants to privatize SS. Even a rabid republican would see this is a dumb idea.
It's like talking to a brick wall
They don't seem to get it.
Would love to be a fly on the wall if your daughter
got knocked up despite being "taught not to get pregnant". Especially if that mistake were to end up tying her for 18 years of her life to some loser guy, and all the problems that can bring.
So what exactly do you think will happen if the earth's population continues to grow at the rate it's been for the past 50-100 years? What kind of world does that leave your grandchildren? It's too crowded now - how horrible will it be when the earth's population doubles, then triples? Standing-room-only?
From the Wall Street Journal
World greets Obama:
http://online.wsj.com/article/SB122592900344403049.html
Obama's Dour Vision:
http://online.wsj.com/article/SB122592129148302567.html
What an Obama Presidency Means for Your Money:
http://online.wsj.com/article/SB122591367859702209.html
Pelosi, Automakers to Meet:
http://online.wsj.com/article/SB122599560485005549.html
Obamas's Real Opposition:
http://online.wsj.com/article/SB122593259568103473.html
Wall Street Grieves
The stages of grief:
Denial - okay that was last year, just read old Paulson reports.
Anger - that was Lehman Bros.
Bargaining - TARP anyone?
Depression -
Acceptance -
I think we have a ways to go until they get over it.....
It should be $$ for banks, big oil and wall street, right?
x
wall street journal more credible than CNN?
One of them is a link to a video...hard to say that was manufactured. It wasn't...I saw it live. Just leave it up to the people to decide. Both sides presented, and people can do their own research as well. They should not take what I post for the truth, or what anyone posts. It is a place to start to look on their own. I would just advise...both sides...anything on blogs needs to be verified with something a bit more credible.
This is America, and there is nothing wrong with presenting both sides of an issue. Is there?
This is truly socialism. These banks and rich Wall
Street types would be crying out if they gov't did this for the people, but they are begging for the help now. They had better come up with a plan that includes not big pay days for CEOs, etc. I was watching The View and Whoppi said they need to include something for the people, like wiping out half of the mortgages so the actual people who will benefit the economy, i.e. us because we spend money here in the U.S. can get back on our feets and go out and put some money back in the economy and not have to worry about losing a home, etc. I totally agree with that, but I can pretty much guarantee that will not happen.
Have it your way. Retreat back behind that wall of separation
But do yourself and all of us a favor and simply give the man a chance. Your posts are full of fear and doubt. If you find the simple suggestion that you reach deep down inside yourself and do your part to meet the challenge of healing halfway so intimidating, it is not your time yet. I pray hope will come to you sooner rather than later.
Wall street bonuses expected
http://www.foxbusiness.com/story/markets/industries/finance/wall-street-bonuses-expects-come-season-despite-bailout/
Paying bonuses this year is likely to result in a lot of backlash from the average American. After all, even with bonuses down dramatically, they are still higher than the average American, who is losing his or her home, makes. Not to mention the government bailout of financial firms, which seems to change daily, is coming from taxpayer dollars. Concerns abound—rightly or wrongly--that some of the $700 billion bailout could go to pay bonuses this year.
And we bail out Wall St. who created this mess.....
Didja watch House of Cards? That spelled it out pretty succinctly. People were sucked into mortgages they couldn't afford, they were told they could refinance in 1-5 years and keep the mortgage payments they could afford - THEY WERE LIED TO. The bankers and Wall St. had to keep that Ponzi scheme going.......pizza delivery drivers were selling mortgages!! The more they sold, the more money they made - upwards $20,000 per month - they sucked people into refinancing to put cash in their pockets because housing values were skyrocketing.......and it all crashed down. So who did we bail out first? The banks and Wall St.............not the people who got screwed by con men. And these people were not POOR - they just got sucked into buying more house than they could afford. So, stick that in your pipe and smoke it.
Wall Street has zero confidence in Obama's
nm
FEMA needs a major overhaul...Doctor says FEMA ordered him to stop treating hurricane victims.
Doctor says FEMA ordered him to stop treating hurricane victims
By LAURIE SMITH ANDERSON landerson@theadvocate.com
Advocate staff writer In the midst of administering chest compressions to a dying woman several days after Hurricane Katrina struck, Dr. Mark N. Perlmutter was ordered to stop by a federal official because he wasn't registered with the Federal Emergency Management Agency.
I begged him to let me continue, said Perlmutter, who left his home and practice as an orthopedic surgeon in Pennsylvania to come to Louisiana and volunteer to care for hurricane victims. People were dying, and I was the only doctor on the tarmac (at the Louis Armstrong New Orleans International Airport) where scores of nonresponsive patients lay on stretchers. Two patients died in front of me.
I showed him (the U.S. Coast Guard official in charge) my medical credentials. I had tried to get through to FEMA for 12 hours the day before and finally gave up. I asked him to let me stay until I was replaced by another doctor, but he refused. He said he was afraid of being sued. I informed him about the Good Samaritan laws and asked him if he was willing to let people die so the government wouldn't be sued, but he would not back down. I had to leave.
FEMA issued a formal response to Perlmutter's story, acknowledging that the agency does not use voluntary physicians.
We have a cadre of physicians of our own, FEMA spokesman Kim Pease said Thursday. They are the National Disaster Medical Team. ... The voluntary doctor was not a credentialed FEMA physician and, thus, was subject to law enforcement rules in a disaster area.
A Coast Guard spokesman said he was looking into the incident but was not able to confirm it.
Perlmutter, Dr. Clark Gerhart and medical student Alison Torrens flew into Baton Rouge on a private jet loaned by a Pennsylvania businessman several days after Katrina hit. They brought medicine and supplies with them. They stayed the first night in Baton Rouge and persuaded an Army Blackhawk helicopter pilot to fly them into New Orleans the next day.
I was going to make it happen, the orthopedic surgeon said. I was at Ground Zero too, and I had to lie to get in there.
At the triage area in the New Orleans airport, Perlmutter was successful in getting FEMA to accept the insulin and morphine he had brought. The pharmacist told us they were completely out of insulin and our donation would save numerous lives. Still, I felt we were the most-valuable resource, and we were sent away.
Gerhart said the scene they confronted at the airport was one of hundreds of people lying on the ground, many soaked in their own urine and feces, some coding (dying) before our eyes. FEMA workers initially seemed glad for help and asked Gerhart to work inside the terminal and Perlmutter to work out on the tarmac. They were told only a single obstetrician had been on call at the site for the past 24 hours.
Then, the Coast Guard official informed the group that he could not credential them or guarantee tort coverage and that they should return to Baton Rouge. That shocked me, that those would be his concerns in a time of emergency, Gerhart said.
Transported back to Baton Rouge, Perlmutter's frustrated group went to state health officials who finally got them certified -- a simple process that took only a few seconds.
I found numerous other doctors in Baton Rouge waiting to be assigned and others who were sent away, and there was no shortage of need, he said.
Perlmutter spent some time at the Department of Health and Hospital's operational center at Jimmy Swaggart Ministries before moving to the makeshift Kmart Hospital doctors established at an abandoned store to care for patients. After organizing an orthopedics room and setting up ventilators there, Perlmutter went back to the Swaggart Center and then to the LSU Pete Maravich Assembly Center's field hospital to care for patients being flown in from the New Orleans area.
We saw elderly patients who had been off their medicine for days, diabetics without insulin going into shock, uncontrolled hypertension, patients with psychosis and other mental disorders, lots of diarrhea, dehydration and things you would expect. I slept on a patient cot there every night until I came home.
Gerhart said he felt the experience overall was successful and rewarding, although frustrating at times. You don't expect catastrophes to be well organized. A lot of people, both private citizens and government officials, were working very hard.
Perlmutter did not return home empty-handed. He brought a family of four evacuees back with him and is still working with Baton Rouge volunteer Hollis Barry to facilitate the relocation of additional hurricane victims to Pennsylvania.
He also returned with a sense of outrage. I have been trying to call Sen. Arlen Specter (of Pennsylvania) to let him know of our experience.
I have been going to Ecuador and Mexico (on medical missions) for 14 years. I was at ground zero. I've seen hundreds of people die. This was different because we knew the hurricane was coming. FEMA showed up late and then rejected help for the sake of organization. They put form before function, and people died.
Both FEMA and the Coast Guard operate under the U.S. Department of Homeland Security, which has been widely criticized for its disjointed, slow response to the devastation caused by Katrina. Federal officials are urging medical personnel who want to volunteer to help with disaster relief to contact the Medical Reserve Corps or the American Red Cross for registration, training and organization.
Wall Street Journal says Obama's tax cuts
Some need to pay close attention to this......... it's called welfare handouts. "Entitled mentality". The working class will get NO tax cuts. You all will be working to put money in the hands of those that do not. It makes perfectly good sense. I've been saying there is no way he can do anything he is leading people to believe he can because 1/3 of people in this country pay NO TAXES. He has led so many to believe he will cut middle class when he can't. He is blatantly trying to disguise "government handouts" as "tax credits". You want your hard earned money going to everyone who doesn't bother to work?
One of Barack Obama’s most potent campaign claims is that he’ll cut taxes for no less than 95% of “working families.” He’s even promising to cut taxes enough that the government’s tax share of GDP will be no more than 18.2% — which is lower than it is today.
It’s a clever pitch, because it lets him pose as a middle-class tax cutter while disguising that he’s also proposing one of the largest tax increases ever on the other 5%. But how does he conjure this miracle, especially since more than a third of all Americans already pay no income taxes at all? There are several sleights of hand, but the most creative is to redefine the meaning of “tax cut.”
For the Obama Democrats, a tax cut is no longer letting you keep more of what you earn. In their lexicon, a tax cut includes tens of billions of dollars in government handouts that are disguised by the phrase “tax credit.” Mr. Obama is proposing to create or expand no fewer than seven such credits for individuals[.]
Wall street, China, Japan, whoever they gave
@
this from the wall street journal, interesting article
http://online.wsj.com/article_email/SB122515112102674263-lMyQjAxMDI4MjI1ODEyNTgxWj.html
Wall Street loves the new president....ouch! nm
//
Wall Street loves the new president....ouch! nm
//
Should Wall Street Bankers have their compensation capped?
Wall Street bankers, with their $18 billion in bonuses, private jets and gaudy conferences, are causing headaches for the GOP.
President Obama has proposed capping compensation for executives at banks that take taxpayer bailout money at $500,000. Republicans hate the idea -- a position puts them uncomfortably on the side of people currently about as popular as child-porn producers and subprime mortgage brokers.
Senate Minority Whip Jon Kyl (R-AZ) blamed the "tone deaf" bankers for creating the political environment that allows Obama to call for a cap.
"Because of their excesses, very bad things begin to happen, like the United States government telling a company what it can pay its employees. That's not a good thing in America," Kyl told the Huffington Post.
"What executives have done is troubling, but it's equally troubling to have government telling shareholders how much they can pay the executives," said Sen. Mel Martinez (R-FL).
Sen. James Inhofe (R-OK) said that he is "one of the chief defenders of Obama on the Republican side" for the president's efforts to reach across the aisle. But, said Inhofe, "as I was listening to him make those statements I thought, is this still America? Do we really tell people how to run [a business], and who to pay and how much to pay?"
Democrats argue that banks that take government money must accept any rules the government decides to send with it. Massachusetts Sen. John Kerry and Rep. Barney Frank are both working on legislation that would complement Obama's attempt to get a handle on executive compensation.
It's not a novel concept, and it's one the GOP supports -- when applied to welfare recipients, at least. "We demand that welfare recipients do an honest day's work for their checks.
It was leaked to the Wall Street Journal, so I'm not sure what your point is.
Assuming you have one?
Wall Street Journal is owned by Rupert Murdoch
same owner of Fox Noise
Bush made Wall St Socialist and our banks so why do you even bother
We have socialism now but it's not the poor you blinded bigot.
The biggest welfare in US history is the Wall St bailout under the leadership of
in us history
Bush vetoed regulation of FRED and WALL st several times
and stop watching fox distorted faux news
"Evil" is George Bush, Wall Street, the Banks,
NM
I hate Wall Street. Hope that whole fake-money
$ + $ on WS = 0.
Your precious Bush turned Wall St socialist and the banks TRUE
you voted for him and look what happened SOCIALISM by BUSH
ABC: Obama Is Hypocritical For Limiting Wall Street Pay While Having A ‘Lavish Lifest
Yesterday, President Obama instituted a pay cap on bailed out businesses after it was revealed that Wall Street doled out an estimated $18.4 billion in bonuses last year. “If the taxpayers are helping you, then you’ve got certain responsibilities to not be living high on the hog,” he explained.
In what appears to be an attempt to call Obama a hypocrite, ABC’s Scott Mayerowitz “reports” today that the President also has a “lavish lifestyle.” Under the title: “Obama’s Perks: Private Jet, Chef Tax-Free,” ABC notes that Obama earns $400,000 dollars a year and even has a private jet:
The president makes $400,000 a year, but hasn’t received a raise from Congress since 2001. He also gets a $50,000 annual entertainment expense account (any unused money at the end of the year must go back to the Treasury.)
Then there is the use of two private jets, Boeing 747s better known as Air Force One. And of course the constant security details, drivers, a private chef, a country vacation estate and the rent-free use of a well-known, 132-room mansion called the White House. The president also used to have a yacht, until Jimmy Carter sold it.
As its evidence that “corporate America” is upset, ABC said that “some Wall Street bloggers” are angry with the compensation cap. But the article cited only one blogger, Dealbreaker.com, who — apparently poking fun at Sen. Claire McCaskill’s statement — remarked, “Some accountability needs to be put in place. We won’t have them kicking sand in the face of taxpayers any longer.” Dealbreaker.com also suggests charging rent for White House tenants.
Comparing the President to Wall Street CEOs is absurd. The “private jet” that Obama uses is Air Force One, which is used as a security precaution and necessary for the dozens of staff and press that accompany the President on every trip. Each use of the jet by the President is regarded as a “classified military operation” in order to ensure the President’s safety.
Furthermore, Obama’s salary is set by Congress (whose members are elected by the public). CEO compensation is decided internally within the company, usually by its board of directors. The problem with recent excessive CEO compensation was that executives receiving federal funds were still rewarded for failure with tens of millions of dollars from their companies.
The President, on the other hand, does not get a bonus for his performance, good or bad. Indeed, Presidents Bush and Obama earn the same salary. County Fair at Media Matters has more.
Wait - he wants to monitor health care? Like he monitored Wall Street? Pass.
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the death of Wall Street is the death of the USA...you really want that????? nm
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