Friday, July 25, 2014

Is the Republican Congress Likely To Continue New Deal Era Corporate Welfare...

by: Les Carpenter
Rational Nation USA
Purveyor of Truth


Excerpt from NATIONAL REVIEW ONLINE that highlights the reality that republicans are, and have been as supportive of crony capitalism and corporate welfare as democrats.

... If Republicans in Congress simply do nothing, the New Deal–era Export-Import Bank, which guarantees loans so that American multinationals can sell products overseas, will vanish at the end of September. Last year, the bank backed $37.4 billion in loans, loan guarantees, working-capital guarantees, and export-credit insurance, the vast majority of which went to mega-companies such as Boeing, General Electric, and Caterpillar.

Despite Ex-Im’s protestations that it has programs to help women, minorities, and small businesses, the bank is essentially a form of corporate welfare for giant multinationals. As the Wall Street Journal puts it: “If a private bank won’t do an export-financing deal, why should Congress put taxpayer money at risk to clinch the deal? In today’s global financial markets, companies large and small can access trade financing, either in the capital markets or from lenders.” Indeed, Standard & Poor’s has figured out that Boeing would do just fine without the bank, even though Boeing made up more than one-third of the bank’s loan portfolio from 2007 to 2013. “We don’t believe that the expiration of Ex-Im’s authorization in September would hurt Boeing’s credit quality or ability to make planned deliveries in 2014 and 2015,” S&P analysts wrote.

Of course, the Ex-Im Bank claims that it has recently made money for the taxpayers. True enough, but there have been years where it suffered losses. By a “fair value” accounting approach, meanwhile, the system recommended by the Congressional Budget Office (but not used by Congress), Ex-Im will cost billions over the next ten years.

The bank’s authorization to exist goes away at the end of September, and if the Republican House simply does nothing, it can demonstrate that it has some backbone when it come to reining in corporate welfare, political favoritism, and taxpayer risks. ...

I'm betting the republicans follow past habits. What's SAY YOU??

The read rest of the article HERE.

The Stupid Party and Impeachment Talk...

by: Les Carpenter
Rational Nation USA
Purveyor of Truth


If the stupid party (republican in this instance) had any common sense and wisdom it would just let this impeachment nonsense die. Let the dude in office continue to attend fundraisers and do what he does best... TALK. American people are not completely asleep and recent polls show that the President and his policies continues to slip.

Sometimes it's just best to keep quiet and let things take their natural course.

Washington (CNN) – There’s not a lot of public appetite for a Republican push to sue President Barack Obama, or for calls by some conservatives to impeach him, according to a new national survey.

A CNN/ORC International poll released Friday morning also indicates that a small majority of Americans do not believe that Obama has gone too far in expanding the powers of the presidency.

Earlier this month, former Alaska Gov. Sarah Palin, the GOP's 2008 vice presidential nominee, called for Obama's impeachment, becoming the latest voice on the right to make the suggestion.

But according to the poll, only 35% want Obama impeached, with nearly two-thirds saying the President should not be removed from office.

There's an obvious partisan divide, with 57% of Republicans but only 35% of independents and 13% of Democrats backing a move to impeach Obama.

"Anti-impeachment sentiment is roughly where it was for past presidents - 67% opposed Bill Clinton's impeachment in September 1998, and 69% opposed impeaching George W. Bush when a few Democrats began talking about it in 2006," says CNN Polling Director Keating Holland.

"One reason may be that Americans take impeachment very seriously. Only about one in five say that impeachment is a valid response if Congress is dissatisfied with a president's policies or the way he is handling his job. Nearly eight in 10 say impeachment should be reserved for high crimes and misdemeanors," Holland adds.

Continue reading BELOW THE FOLD.

Via: Memeorandum

As The President Remains "Transparent"...

by: Les Carpenter
Rational nation USA
Purveyor of Truth


I'm sure it was just an honest oversight.

POLITICO - SAN FRANCISCO — President Barack Obama went to the West Coast to meet donors from two top Democratic super PACs, but the press wasn’t invited.

Tuesday, the reporters and photographers traveling with the president on Air Force One and in his motorcade were left on the gravel path not even within sight of former Costco CEO Jim Sinegal’s house in the Seattle suburbs where Obama sat for a Senate Majority PAC fundraiser with a $25,000 entrance fee.

Wednesday morning, when he met with big donors for the House Majority PAC at the Four Seasons hotel in downtown San Francisco, they weren’t even told what room or floor he was on.

“We think these fundraisers ought to be open to at least some scrutiny, because the president’s participation in them is fundamentally public in nature,” said Christi Parsons, the new president of the White House Correspondents’ Association. “Denying access to him in that setting undermines the public’s ability to independently monitor and see what its government is doing. It’s of special concern as these events and the donors they attract become more influential in the political process.”

Despite constant complaints from the press corps and promises from White House officials, access to the president continues to be limited. The constantly repeated line that they’re running the “most transparent administration in history” tends to prompt snickers. Halfway through Obama’s West Coast swing, it’s tipping toward outrage.

Yeppers, just an "honest" oversight.

Full story BELOW THE FOLD.

Via: Memeorandum

Thursday, July 24, 2014

GOP Mayor Jim Fouts, Mich. Compares Atheists To Nazis, KKK...

by: Les Carpenter
Rational Nation USA
Purveyor of Truth



Jim Fouts (R) Mayor of Warren, Mich.. - "The city has certain values that I don't believe are in general agreement with having an atheist station, nor in general agreement with having a Nazi station or Klu Klux Klan station. I cannot accept or will not allow a group that is disparaging of another group to have a station here."

Just when you thought the crazies of the Republican party couldn't get any crazier Mayor Fouts, in the effort to silence non believers and in violation of the Constitution of the United States, banned a group of atheists from setting up a station alongside a religious group in city hall's atrium. Sanctioning religious activity in city hall while denying atheists the same freedom apparently wasn't enough for the "mayor", he felt it necessary to stoop to the low level of comparing atheists to Nazis and the KKK.

What do you want to bnet the "mayor" is much closer to the KKK and or the Nazis than the atheists will ever be? What a putz the guy is, and that is being much too polite.

Continue reading BELOW THE FOLD.

Via: Memeorandum

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