Freedom of BLEEP

Now the Obama administration is allegedly issuing threats to anyone that stands in their way. Hedge fund managers are challenging the administration’s bankruptcy plan for Chrysler and negotiations have been somewhat hostile. A leading bankruptcy attorney said his client “was directly threatened by the White House and in essence compelled to withdraw its opposition to the deal under threat that the full force of the White House press corps would destroy its reputation if it continued to fight.”

Is this any surprise? Obama did the same thing during his campaign. Remember the “truth squads” of policemen and prosecutors?

And despite the White House denial that such threats were made, they have already begun attempts to soil the reputation of the hedge fund managers. The Obama administration and other Democrats have been calling them vultures and greedy speculators. Obama even blamed them for Chrysler’s bankruptcy!

Those of us that live on earth know that those hedge fund managers lent Chrysler money when no else would. They took a risk and the money grubbing union workers got to keep their jobs for a while longer. As it turns out, you can’t have $3,000 of legacy union prices on every car and expect to be profitable. Poor management and unreasonable unions are responsible for the job loss. But Obama says the investors are to blame.

So what’s the big deal about Obama’s Chrysler bankruptcy plan? In the proceedings, the Obama administration has decided that the union will be paid off prior to those who held secured investments in the company. This means the UAW gets more than what their shares are worth and the investors get less. This preferential treatment has resulted in the UAW getting 55% of the company, while secured lenders received only 29 cents on the dollar for debt they hold.

But if SECURED lenders are not paid first - as standard legal practice usually ensures, then who in their right mind would ever invest in American companies again? And just think where these companies would be today without investors…

During his last prime time press conference, President Obama said, “We inherited a $1.3 trillion deficit… That wasn’t me.”

Actually, he did play a part in it. While President Obama opposed the Iraq War, he sure didn’t have a problem funding it. In fact, he only voted against one bill that included money for the war. Democrats have controlled Congress since 2006 and during this time war spending continued to go up. President Obama also voted for the Wall Street bailout. Ultimately, it’s Congress that holds the purse strings of our country but he has refused to accept some responsibility. So next time he tries to blame his administration’s problems on someone else, just remember he might not be telling you the whole truth.

Obama’s Voting History:

May 2005: Congress approved an $82 billion bill to fund the wars in Iraq and Afghanistan and international anti-terrorism efforts. Obama voted yes.

June 2006: Congress cleared a $94.5 billion bill to fund the wars in Iraq and Afghanistan as well as provide aid to hurricane victims. Obama voted yes.

September 2006: Congress cleared a $448 billion Pentagon funding bill that included $70 billion for U.S. military operations in Iraq and Afghanistan. Obama voted yes.

April 2007: Congress cleared a $124 billion spending bill that provided $90 billion for war costs. Obama voted yes.

June 2008: Congress approved a measure to spend $162 billion for war costs as well as other domestic projects. Obama voted yes.

Source

Since the New Deal, the 100 day mark has been an arbitrary point evaluation for new presidents. But most people say this isn’t enough time to judge, so I waited 2 extra days.

Obama by the numbers:

6

Number of campaign promises President Obama has broken.

 

7

Number of tax frauds Obama nominated for public office.

 

13

Number of Obama appearances on the cover of Time Magazine.

 

47

Number of teleprompter speeches Obama has made.

 

1

Number of cabinet positions unfilled (unfortunately it’s the Health and Human Services Secretary).

 

2

Number of inaugural oaths taken by Obama.

 

3

The number of days Obama’s bipartisanship lasted.

 

25

Number of DVDs Prime Minister Brown has that won’t play on his DVD player.

 

1.75 Trillion

Budgeted deficit for this year.

 

9.3 Trillion

Budgeted deficit for the next ten years.

 

2.5 Million

The number of jobs that Obama didn’t save or create. (Actual jobs lost were about 2 million.)

 

485

The number of earmarks in the stimulus legislation. The exact number is debatable, but promises made by Obama that the stimulus legislation would contain “no earmarks” certainly proved untrue.