Sen (elect) Brown, wants to be seated

Sen.-elect Scott Brown on Wednesday demanded to be seated immediately, saying that while he is scheduled to be sworn in Feb. 11, “there are a number of votes scheduled prior to that date.”

In a letter from his lawyers to Gov. Duval Patrick and Secretary of the Commonwealth William Galvin, Mr. Brown argues that the results of the special election in Massachusetts on Jan. 19 are not in doubt and he should be able to take the seat right away.

We represent Senator-elect Scott Brown. We understand that the election returns from Massachusetts cities and towns were transmitted this morning to the State Secretary’s Office and by the State Secretary to the Governor’s Office. While Senator-elect Brown had tentyatively planned to be sworn into office February 11, he has been advised that there are a number of votes scheduled prior to that date, For that reason, he wants certification to occur immediately. As he is the duly elected United States Senator from the Commonwealth of Massachusetts, he is entitled to be seated now.

“Accordingly, on behalf of Senator-elect Brown, we request that the results of the special election January 19, 2010, be certified without delay and that a duplicate be provided me in hand no later than 11:00 a.m. on Thursday, February 4, 2010, so we may deliver the original by hand to the Secretary of the United States Senate in time to allow Senator-elect Brown to be administered the oath of office by the Vice President tomorrow afternoon,” wrote lawyer Daniel B. Winslow.

Published in: on February 3, 2010 at 12:52 pm  Leave a Comment  
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China considering setting up Military Bases abroad

Well, why not….U.S does it.

China has signaled it wants to go the US way and set up military bases in overseas locations that would possibly include Pakistan. The obvious purpose would be to exert pressure on India as well as counter US influence in Pakistan and Afghanistan.

“(So) it is baseless to say that we will not set up any military bases in future because we have never sent troops abroad,” an article published on Thursday at a Chinese government website said. “It is our right,” the article said and went on to suggest that it would be done in the neighborhood, possibly Pakistan.

“As for the military aspect, we should be able to conduct the retaliatory attack within the country or at the neighboring area of our potential enemies. We should also be able to put pressure on the potential enemies’ overseas interests,” it said.

Published in: on January 29, 2010 at 9:18 am  Leave a Comment  
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Anyone else notice Hillary was M.I.A last night…

….Nope. neither did I.

but before we get to where Mrs Ballbreaker Clinton was, lets fact check Obama last night, according to the A.P.

OBAMA: “Starting in 2011, we are prepared to freeze government spending for three years. Spending related to our national security, Medicare, Medicaid, and Social Security will not be affected. But all other discretionary government programs will. Like any cash-strapped family, we will work within a budget to invest in what we need and sacrifice what we don’t.”
THE FACTS: The anticipated savings from this proposal would amount to less than 1 percent of the deficit – and that’s if the president can persuade Congress to go along.

Obama is a convert to the cause of broad spending freezes. In the presidential campaign, he criticized Republican opponent John McCain for suggesting one. “The problem with a spending freeze is you’re using a hatchet where you need a scalpel,” he said a month before the election. Now, Obama wants domestic spending held steady in most areas where the government can control year-to-year costs. The proposal is similar to McCain’s.

OBAMA: “I’ve called for a bipartisan fiscal commission, modeled on a proposal by Republican Judd Gregg and Democrat Kent Conrad. This can’t be one of those Washington gimmicks that lets us pretend we solved a problem. The commission will have to provide a specific set of solutions by a certain deadline. Yesterday, the Senate blocked a bill that would have created this commission. So I will issue an executive order that will allow us to go forward, because I refuse to pass this problem on to another generation of Americans.”

THE FACTS: Any commission that Obama creates would be a weak substitute for what he really wanted – a commission created by Congress that could force lawmakers to consider unpopular remedies to reduce the debt, including curbing politically sensitive entitlements like Social Security and Medicare. That idea crashed in the Senate this week, defeated by equal numbers of Democrats and Republicans. Any commission set up by Obama alone would lack authority to force its recommendations before Congress, and would stand almost no chance of success.

OBAMA: Discussing his health care initiative, he said, “Our approach would preserve the right of Americans who have insurance to keep their doctor and their plan.”

THE FACTS: The Democratic legislation now hanging in limbo on Capitol Hill aims to keep people with employer-sponsored coverage – the majority of Americans under age 65 – in the plans they already have. But Obama can’t guarantee people won’t see higher rates or fewer benefits in their existing plans. Because of elements such as new taxes on insurance companies, insurers could change what they offer or how much it costs. Moreover, Democrats have proposed a series of changes to the Medicare program for people 65 and older that would certainly pinch benefits enjoyed by some seniors. The Congressional Budget Office has predicted cuts for those enrolled in private Medicare Advantage plans.

OBAMA: The president issued a populist broadside against lobbyists, saying they have “outsized influence” over the government. He said his administration has “excluded lobbyists from policymaking jobs.” He also said it’s time to “require lobbyists to disclose each contact they make on behalf of a client with my administration or Congress” and “to put strict limits on the contributions that lobbyists give to candidates for federal office.”

THE FACTS: Obama has limited the hiring of lobbyists for administration jobs, but the ban isn’t absolute; seven waivers from the ban have been granted to White House officials alone. Getting lobbyists to report every contact they make with the federal government would be difficult at best; Congress would have to change the law, and that’s unlikely to happen. And lobbyists already are subject to strict limits on political giving. Just like every other American, they’re limited to giving $2,400 per election to federal candidates, with an overall ceiling of $115,500 every two years.

OBAMA: “Because of the steps we took, there are about 2 million Americans working right now who would otherwise be unemployed. … And we are on track to add another one and a half million jobs to this total by the end of the year.”

THE FACTS: The success of the Obama-pushed economic stimulus that Congress approved early last year has been an ongoing point of contention. In December, the administration reported that recipients of direct assistance from the government created or saved about 650,000 jobs. The number was based on self-reporting by recipients and some of the calculations were shown to be in error.

The Congressional Budget Office has been much more guarded than Obama in characterizing the success of the stimulus plan. In November, it reported that the stimulus increased the number of people employed by between 600,000 and 1.6 million “compared with what those values would have been otherwise.” It said the ranges “reflect the uncertainty of such estimates.” And it added, “It is impossible to determine how many of the reported jobs would have existed in the absence of the stimulus package.”

OBAMA: He called for action by the White House and Congress “to do our work openly, and to give our people the government they deserve.”

THE FACTS: Obama skipped past a broken promise from his campaign – to have the negotiations for health care legislation broadcast on C-SPAN “so that people can see who is making arguments on behalf of their constituents, and who are making arguments on behalf of the drug companies or the insurance companies.” Instead, Democrats in the White House and Congress have conducted the usual private negotiations, making multibillion-dollar deals with hospitals, pharmaceutical companies and other stakeholders behind closed doors. Nor has Obama lived up consistently to his pledge to ensure that legislation is posted online for five days before it’s acted upon.

OBAMA: “The United States and Russia are completing negotiations on the farthest-reaching arms control treaty in nearly two decades.”

THE FACTS: Despite insisting early last year that they would complete the negotiations in time to avoid expiration of the 1991 Strategic Arms Reduction Treaty in early December, the U.S. and Russia failed to do so. And while officials say they think a deal on a new treaty is within reach, there has been no breakthrough. A new round of talks is set to start Monday. One important sticking point: disagreement over including missile defense issues in a new accord. If completed, the new deal may arguably be the farthest-reaching arms control treaty since the original 1991 agreement. An interim deal reached in 2002 did not include its own rules on verifying nuclear reductions.

OBAMA: Drawing on classified information, he claimed more success than his predecessor at killing terrorists: “And in the last year, hundreds of al-Qaida’s fighters and affiliates, including many senior leaders, have been captured or killed – far more than in 2008.”

THE FACTS: It is an impossible claim to verify. Neither the Bush nor the Obama administration has published enemy body counts, particularly those targeted by armed drones in the Pakistan-Afghanistan border region. The pace of drone attacks has increased dramatically in the last 18 months, according to congressional officials briefed on the secret program.

Okay, so the question you want answered is:
A) she saw a sale on Monica Lewinski’s handbags and snapped them all up and burnt them
B) At the drycleaners
C) In Haiti with her hubby
D) In London at a conference

The answer was D…London at a conference.

She asked O-man if that was okay and he said yes…you would only take away my time from the cameras anyway.

Published in: on January 28, 2010 at 10:04 am  Leave a Comment  
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SEC approve Suspending Money Markets in a Panic

Zero Hedge discussed a month ago the disastrous prospects of what would happen if the new proposal contemplated by the SEC, which would allow the suspension of redemptions from Money Market Funds, were to pass. Well, in a nearly unanimous vote, Money Market Funds now have the ability to suspend redemptions, courtesy of the SEC’s just passed 4-1 vote. This explains the negative rate on bills: at this point, should there be another meltdown, money market investors will not, repeat not, be able to withdraw their money purely on the whim of Mary Schapiro. As the SEC noted: “We understand that suspending redemptions may impose hardships on investors who rely on their ability to redeem shares.” Too bad investors’ hardships considerations ended up being completely irrelevant.

Click HERE to read the documents

Published in: on January 27, 2010 at 10:24 am  Leave a Comment  
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Senate likely to reject new deficit cutting task force

The Senate on Tuesday rejected a plan backed by President Barack Obama to create a bipartisan task force to tackle the federal deficit this year, despite glaring new figures showing the enormity of the red-ink threat.

The special deficit panel would have attempted to produce a plan combining tax increases and spending curbs to be voted on after the November elections. The measure went down because anti-tax Republicans joined in opposition with Democrats wary of being railroaded into cutting Social Security and Medicare.

With Congress unwilling to go along, Obama will announce during Wednesday’s State of the Union address that he is establishing a similar panel by executive order, The New York Times reported late Tuesday on its Web site.

They need to start somewhere. This one, albeit too little too late, I’m on O-mans side.

Published in: on January 27, 2010 at 9:56 am  Leave a Comment  
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“Chemical Ali”, executed today in Iraq.

As previously reported last week Saddam Hussein’s cousin Ali Hassan al-Majeed — also known as Chemical Ali — was was going to be executed. He was finally executed today according to Iraqi officials.

He was hanged after having been convicted on 13 counts of killings and genocide, Ali al-Dabagh said.

Al-Majeed had been sentenced to death in four separate trials, including one that focused on his involvement in a poison gas attack against Iraqi Kurds that killed about 5,000 people.

Published in: on January 25, 2010 at 12:14 pm  Leave a Comment  
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Obama Administration to outsource NASA.

The White House has decided to begin funding private companies to carry NASA astronauts into space, but the proposal faces major political and budget hurdles, according to people familiar with the matter.

The controversial proposal, expected to be included in the Obama administration’s next budget, would open a new chapter in the U.S. space program. The goal is to set up a multiyear, multi-billion-dollar initiative allowing private firms, including some start-ups, to compete to build and operate spacecraft capable of ferrying U.S. astronauts into orbit—and eventually deeper into the solar system.

Congress is likely to challenge the concept’s safety and may balk at shifting dollars from existing National Aeronautics and Space Administration programs already hurting for funding to the new initiative. The White House’s ultimate commitment to the initiative is murky, according to these people, because the budget isn’t expected to outline a clear, long-term funding plan.

The White House’s NASA budget also envisions stepped-up support for climate-monitoring and environmental projects, along with enhanced international cooperation across both manned and unmanned programs.

On the flip side of that, if you have a spare $250k, I think Virgin will take you up in space for a few hours. Perhaps we should start offering rides like that to get some increased revenue.

Published in: on January 25, 2010 at 8:52 am  Leave a Comment  
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Obama has no business sense?

U.S. investors overwhelmingly see President Barack Obama as anti-business and question his ability to manage a financial crisis, according to a Bloomberg survey.

The global quarterly poll of investors and analysts who are Bloomberg subscribers finds that 77 percent of U.S. respondents believe Obama is too anti-business and four-out-of-five are only somewhat confident or not confident of his ability to handle a financial emergency.

The poll also finds a decline in Obama’s overall favorability rating one year after taking office. He is viewed favorably by 27 percent of U.S. investors. In an October poll, 32 percent in the U.S. held a positive impression.

Well, Im here to tell you, that perhaps you all have no business sense either, if you could not see what was spewing out of his mouth during the election plus what was on his resume, then you are as mush as a bunch of business idiots as he is.

Carlos Vadillo, a fixed-income analyst at Wells Fargo Securities LLC in San Francisco, said Obama has been in a “constant war” with the banking system, using “fat-cat bankers and other misnomers to describe a business model which supports a large portion of America

Published in: on January 22, 2010 at 11:28 am  Leave a Comment  
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British Parliament refer to Gore as a Crook and Global Warming as a Scam

Published in: on January 21, 2010 at 3:20 pm  Leave a Comment  
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Obama Sings!

Published in: on January 21, 2010 at 2:13 pm  Leave a Comment  
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