Obama’s Change is Here: Tyranny

Posted by skipd on May 4, 2009 in News, Politics | 0 comments

I talked about the Chrysler LLC Bankruptcy charade here.

We are learning more about the way Despot Obama uses the power of government to loot this country.

First we have this story from New York soon to be bankrupt Times:

But now the two men, along with a handful of other financiers, are being blamed for precipitating the bankruptcy of an American icon. As Chrysler’s fate hung in the balance Wednesday night, this group refused to bend to the Obama administration and accept steep losses on their investments while more junior investors, including the United Automobile Workers union, were offered favorable terms.

In a rare flash of anger, the president scolded the group Thursday as Chrysler, its options exhausted, filed for bankruptcy protection. “I don’t stand with those who held out when everyone else is making sacrifices,” Mr. Obama said.

Chastened, and under intense pressure from the White House, the investment firm run by Mr. Weinberg and Mr. Perella, Perella Weinberg Partners, abruptly reversed course. In a terse statement issued shortly before 6 p.m. Thursday, Perella Weinberg Partners announced it would accept the government’s terms.

The Lenders Obama Decided to Blame -NYT

Above story is dated April 30, 2009.

Today we have the following news:

The Obama administration threatened to use the White House press corps to besmirch the reputation of one of the financial firms that holds Chrysler debt, according to a prominent New York bankruptcy lawyer.

If true, the explosive charge shows that the White House was willing to go much further than is widely known to have its way in the attempt to restructure the Detriot automaker.

"One of my clients 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...That was Perella Weinberg," Tom Lauria, the head of the bankrutpcy department for top New York City lawfirm White & Case, told a WJR 760 radio host.

White House "Directly Threatened" Perella Weinberg Over Chrysler - The Business Insider

You can listen to the interview here:

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We witnessed Obama's attempt to besmirch these lenders. He did it personally. He attacked these people. Propagandist Obama Media Corps that stand at attention in their ruler's presence dutifully spread the propaganda as New York Bankrupt Times did.

Is this the change you voted for? Total take-over and looting of this country by a guy who refuses to show us proof that he is eligible to be the President? Barack Hussein Obama has paid over $800,000 to lawyers to stop Americans from seeing the proof that he is a natural born citizen as required by the United States Constitution, Article 2, Section 1, to be sworn into office as president of the United States. Why? Why can't he produce his birth certificate? Why would he spend over $800K to keep his birth certificate sealed? Folks, this is a very simple question. If this guy is a natural born citizen, what is the danger in making his birth certificate public? Heck, his tax return is public, why not his birth certificate? I just want to know if the United States of America is being screwed by a genuine American natural born citizen or a Kenyan-Indonesian fraud?

This is What Republicans Need to be Doing

Posted by skipd on Mar 20, 2009 in Politics | 0 comments

Rep. McCotter "Shocked at the Shock" Over AIG Bonuses.

They need to be all over the media. Not only the partisan, phony media that is network and cable news and entertainment shows that have been playing down every blunder Obama administration has made, but local news. They need to be on local evening news and talk to their constituencies directly. They need to get the message out.

Obama The Trader

Posted by skipd on Mar 20, 2009 in Politics | 0 comments

The Obama Portfolio Wealth Daily.

On February 22, 2005, Barack Obama, a U.S. Senator at the time, placed a trade on a tiny biotechnology company out of Oregon. The biotech company's name is AVI Biopharma.

Records show that Obama purchased tiny AVI Biopharma just above $2 a share.

AVI Biopharma is a biotech that's been around for years. It develops drugs intended for the use to treat infectious diseases... some of which the Department of Homeland Security have deemed "bioterrorism" viruses like West Nile, Dengue fever, SARS and Ebola.

I know the company very well. I have played golf with former AVI CEO Dennis Burger in Sun Valley, Idaho. And Dennis gave a presentation at my biotech conference in August 2000.

But even though the company was founded in 1980, it has never successfully brought a drug to market.

25 years in business. 0 drugs on market.

So why did Obama buy it?

Maybe he knew something 99.9% of investors didn't...

You see, 8 months after Obama bought the stock, the company was awarded a $28 million contract from the federal government to research treatments against biological warfare or a bioterrorism attack.

AVI Biopharma spiked in price... and days after the announcement, Obama sold his shares and booked a 73% profit.

Not bad for a community activist from Chi-town, right?

Sure, but Obama understood one of the most fundamental trading strategies on the street: Buy the rumor, sell the news.

Well, what were the rumors when he bought the stock?

Folks this is not the only trade this shrewd stock-picker made.

Less than two months after ascending to the U.S. Senate, Barack Obama bought more than $50,000 worth of stock in two speculative companies whose major investors included some of his biggest political donors.

One of the companies was a biotech concern that was starting to develop a drug to treat avian flu. In March 2005, two weeks after buying about $5,000 of its shares, Obama took the lead in a legislative push for more federal spending to battle the disease.

The most recent financial disclosure form for Obama (D-Ill.) also shows that he bought more than $50,000 in stock in a satellite communications business whose principal backers include four friends and donors who had raised more than $150,000 for his political committees.

Obama bought speculative stocks favored by donors - Chicago Tribune

But Obama's 2005 trades raise questions in that Skyterra Communications and AVI Biopharma are far more speculative and uncommon stocks than those blue-chip staples. They both have much smaller market caps -- less than $700 million -- and lower trading volumes. While there's no evidence that Obama had a role in the contracts for the companies, given his other investments, it seems an unlikely coincidence that the senator would be familiar with either company except through his work as a legislator.

Picking Apart Obama's Stock Portfolio - The Street.com

In 2005, Skyterra was viewed by Wall Street as a way to speculate in the public markets on the fortunes of MSV, which provides testimony and white papers to Congress about the value of satellite communications to the U.S. military and the Department of Homeland Security.

Obama's purchase came right around the time that MSV received approval from the Federal Communications Commission to construct a nationwide wireless network with both satellite and terrestrial components.

Impeccable timing huh?

Phony media tried to whitewash this story by pointing out that Obama lost money on Skyterra trade. it turns out Obama demonstrated another perfect timing:

Still, the sale was timely because Skyterra shares then dropped off precipitously in early 2006 after a partnership with a major phone carrier never materialized.

What to make of this?

While Obama ultimately lost money on his stock trades, these two moves do raise the question of whether there are ethical issues that should have restrained the senator from investing in shares of such unusual companies at a time when they were benefiting from federal funding.

Who knew? The Community Organizer is actually a shrewd stock picker... Wow!

No wonder our socialist rulers think all money is easy money, to be redistributed on a whim. For them, it is easy.

Barack Obama, Capitalist

One of my friends pushes the following theory:

Almost all rich liberals in this country became rich the easy way. Some are either trust fund kids or gold diggers. Some are in the entertainment industry where they make millions of dollars thanks to their good looks and acting / singing talent. Some are corrupt politicians or bureaucrats. That's why they are insecure. They themselves think that they don't deserve that much money. They also think whoever makes a lot of money does not deserve it either. They think everyone gets rich the way they did. They do not have a sense of hard working Americans building their businesses working 18 hour days providing value for other people and getting rich in the process. They just don't understand it!

Well... I am not so sure. It maybe true to a certain extent for the celebrity crowd but I think the commies who aspire to be tyrants and control everyone's lives are essentially corrupt people who would take advantage of anything that will enrich and empower themselves. They do not have a moral compass. They are in it for themselves.