File this under elections have consequences. We already know how the market responded to Obama’s reelection, it tanked over 300 points.
Or maybe this should be filed under Obama’s win is your job loss. Hope all the hope and change-y stuff felt good. I just wonder if it will feel as good without a job.
It’s time for the workers of American to grow up and understand, not every CEO is a fat cat like Steve Wynn or Donald Trump.
Most small business owners pay their employees first, worry about how they will be able to make the next payroll and feed their families.
Now take a look at what happened in Las Vegas.
LAS VEGAS (CBS Las Vegas) —A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election.
“David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need to survive.”
“I’ve done my share of educating my employees. I never tell them which way to vote. I believe in the free system we have, I believe in the right to choose who they want to be president, but I did explain as a business owner that I have always put my employees first. I always made sure that when I went without a paycheck that [I] made sure they were paid. And I explained that I always put them first and unfortunately I’m at a point where I’m being forced to have to worry about me and my family now and a business that I built from just me to 114 employees.
And here’sanother story. Look for more coming in the next couple of months, because here’s the simple truth.
If you work for a small or medium size business and the business owner has to choose between keeping you employed or keeping bread on the tablefor his own family, there is no choice; you lose.
In the current case, the government said even if India says Gibson is not violating their laws, our government has interpreted it as a violation of their laws.
The Obama Administration’s recent raid on Gibson USA on August 24th may have slipped under the radar for the most part, but it shouldn’t have.
This is serious business because the brute use of force and intimidation used by Team Obama against Gibson is unconscionable and dangerous. It is also the second time in two years that the company has had to deal with this kind of intimidation.
Federal agents swooped in on Gibson Guitar Wednesday, raiding factories and offices in Memphis and Nashville, seizing several pallets of wood (worth a half a million dollars), electronic files and guitars. The Feds are keeping mum, but in a statement yesterday Gibson’s chairman and CEO, Henry Juszkiewicz, defended his company’s manufacturing policies, accusing the Justice Department of bullying the company.
“The wood the government seized Wednesday is from a Forest Stewardship Council certified supplier,” he said, suggesting the Feds are using the aggressive enforcement of overly broad laws to make the company cry uncle.
The Fish and Wildlife Service said they were looking for banned Madagascar ebony (in the past, it was used for fretboards). This is banned under The Lacey Act of 1900 – that’s what I said, 1900. While The Lacey Act has been updated over the years and it’s an obscure, little-used law.
Then the Feds said they were looking to see if the wood from India that Gibson uses meets every petty regulatory everything. In other words, the Feds are investigating whether or not Gibson violated Indian laws, not U.S. laws, Indian laws.
Their excuse is that Gibson USA has violated the 1902 Lacey Act a little known act designed to protect certain species. The real reason that federal goons from Obama’s Injustice Department are after Gibson USA is because the CEO of Gibson is a Republican and Tea Party supporter!
How can I say that? Every other guitar manufacturer in the U.S. uses the identical type of wood from India and theyhaven’t been raided. One would think if Gibson is in violation so would the other manufacturers. Ah, but those companies are run by Democrats that donated to Obama. See, the difference?
Oh, let’s not overlook the fact that Gibson is not a union shop or the fact the Gibson’s major competitor is a Democrat.
Forget anything Team Obama says about wanting to create and save jobs. This raid is yet another example of their ham-handed tactics designed to destroy American jobs and support unions. Gibson employes workers in four U.S. factories and has continued to hire in a down economy.
Now want to hear something scary? The federal government has said that all Gibson’s problems will all go awayif Gibson will have all of the work outsourced to India! Let’s just call this use and misuse of the Lacey Act.
One other thing. Do you own a piano, guitar, or other musical instrument that was purchased in the past (many years past) before these novel interpretations of law took place?
Did you know under this knuckle dragging enforcement of the Lacey Act by the Fish & Wildlife Service that if you try to sell your musical instrument you too could go to jail several years and pay a minimum $1,000 fine if the instrument has any of these newly banned woods?
So tell me again, “how’s that hopey changey thing working out for ya?”
Unlike the supposed brand name rating agencies which did little to help ordinary investors going into our economic crisis, Egan-Jones’ business model differs markedly from the industry incestuous nature of its counterparts. The resulting lack of inherent conflict allows Egan-Jones to speak freely and boldly. What a novel concept.
Obama's debt plan for the U.S.
Actually, Standard & Poor, the U.S. rating agency being pummeled by CNN, MSNBC, & the MSM isn’t the first agency to downgrade this country’s credit worthiness. It’s the third! Seems to me that given the political/financial realities of the U.S. economy that S&P has shown great restraint!
After all it;s not as if they didn’t give Team Obama and the Congress fair warning withexact instructions as how to avoid the downgrade…cut $4 trillion in debt!
That’s akin to (the Atlanta teachers recently found changing test answers) giving all concerned (Obama, Geithner, Reid et al.) a crib sheet, Still don’t get it? They gave you the answers, lamebrains one and all!
Who are the other two ratings agencies? Well, they are not part of the the so-called “big three” Western agencies Moody’s, Fitch, and Standard & Poor, perhaps the reason why the MSM said barely reported this.
Egan-Jones (who?) cut our rating in July, plenty of time for Team Obama and the Congress to (at the very least) pretend to get their act together. The story was reported on July 19th and generally ignored by the MSM. Oh, I know, I know, you’re saying to yourself, “What a shock!”
The little known ratings agency said about the downgrade. “The major factor driving credit quality is the relatively high level of debt and the difficulty in significantly cutting spending.”
Exactly who is the other ratings agency to downgrade our debt? It;s China’s Dagong Global, not exactly a household name, but important because the agency is from the country that is the largest holder of U.S. debt.
Dagong Global stated, ” the debt deal had not changed the general trend in which the increase in debt outpaced the increase in GDP and tax revenue. [...] there is an eight-year difference between the two objectives.”
The United States lost its top-notch AAA credit rating from Standard & Poor this evening. Obama is the first President in U.S. history to have this country’s credit rating reduced on his watch! This is a shameful accomplishment from a shamefully incompetent, irresponsible administration.
WhenpResident Obama signed the August 2nd legislation designed to reduce the fiscal deficit crisis by $2.1 trillion over 10 years, it was akin to kicking the can down the streetonce again. S&P was very clear. The U.S. needed to cut its spending by $4 trillion. It didn’t happen by August 2nd the Obama/Geithner drop dead date.
Obama’s economic policieshave been little more than “spend and pretend“; pretend that wasting all that money on non existent shovel ready projects didn’t matter and pretend that losing all those building and construction jobs, NASA jobs, drilling jobs in Gulf, and manufacturing jobs across the country were of little consequence.
How much more economic damage can this country stand as the result of our Poseur President’s policies? Team Obama’s Progressive chickens have come home to roost. Is anyone really surprised at this unprecedented reversal of fortune?
Think about it. We made it through two World Wars, the Great Depression, Korea, Vietnam, President Jimmy Carter, all without suffering the indignity of a credit downgrade. We made it through all of these events, but not through the Obama/Geithner “Progressive” Keynesian economic policies!
Our debt is now 100% of our GDP! We are facing mountains of debt. The economy is stalled, businesses large and small are not hiring, banks aren’t lending and consumers aren’t buying. Food and gas prices are going up, and 14,000,000 people are without jobs! Our economy is so bad even the Mexicans are going home. That would be a funny quip if it weren’t so sad! Apple Computer has more cash on hand than the U.S. Treasury!!!
Businesses are being strangled by over-regulation by EPA, Commerce Department, & Obama’s shadow governing Czars. And looming on the horizon is that monstrosity known as Obamacare! The wonder is that Standard and Poor didn’t downgrade our credit rating even more!
Geithner and Obama need to tender their resignations to the country immediately.
We have definitely found ourselves on the other side of the looking glass. The New York Times and the Washington Post, aka the Tweedledum and Tweedledee of the journalism, have issued nearly identical press releases asking for 100 people to help them “analyze” the 24,000 Palin e-mails that Alaska will be releasing on Friday.
What do you mean we're not journalists?
It is an act of yellow journalism unparalleled in the 21st century. These tabloid rags are mining for dirt on a woman who isn’t running for president and isn’t even a candidate for office.
The newspaper that the great Kathrine Graham once headed has made the National Enquirer look good. Her newspaper went after President Nixon and oversaw the Watergate coverage that eventually to his resignation.
Fast forward to today, where we have a fraud with multiple social security numbers sitting in the White House. Instead of searching for the truth about Obama and his eligibility, his wholesale destruction of the economy, bringing us into a third war in Libya, these papers are instead focused on their Palin Derangement Syndrome. This is sad and disgusting; and they wonder why readership is down!
This is from the Washed-Up Post:
Over 24,000 e-mail messages to and from former Alaska governor Sarah Palin during her tenure as Alaska’s governor will be released Friday. That’s a lot of e-mail for us to review so we’re looking for some help from Fix readers to analyze, contextualize, and research those e-mails right alongside Post reporters over the days following the release.
We are limiting this to just 100 spots for people who will work collaboratively in small teams to surface the most important information from the e-mails. Participants can join from anywhere with a computer and an Internet connection.
If you need inspiration before getting started, take a look at what to expect from the e-mail drop. For micro-updates as tomorrow unfolds, check out our new Twitter feed.
This is from the NY Times:
On Friday, the State of Alaska will release more than 24,000 of Sarah Palin’s e-mails covering much of her tenure as governor of Alaska. Times reporters will be in Juneau, the state capital, to begin the process of reviewing the e-mails, which we will be posting on NYtimes.com starting on Friday afternoon.
We’re asking readers to help us identify interesting and newsworthy e-mails, people and events that we may want to highlight. Interested users can fill out a simple form to describe the nature of the e-mail, and provide a name and e-mail address so we’ll know who should get the credit. Join us here on Friday afternoon and into the weekend to participate.
Now here’s the best part. Go to the comments of both papers and read what people are saying. Many, manyof the comments are negative. There are some really good ones that pull no punches. Here are a few examples before they are scrubbed.
From the WaPo:
That sucking sound you hear is WaPo slipping down below the National Enquirer in quality and integrity.
That cracking sound in the background is the last remnant of the Washington Post’s integrity falling to the ground.
wow! not since the 1930s in Nazi Germany has there been such evidence of mass psychosis ..
One-Think, One-Speak partisan lap-dogs.
You’d think this was the release of the Pentagon Papers.
And these are from the Times:
Jesus, is this what it’s come to? E-lynch mobs combing through data to use to as “gotcha” material?
I don’t remember the NY Times asking the public to go through then Senator Obama’s emails to find newsworthy materials…
Astonishing to see how low the lamestream (aka state run) media have sunk. This is nothing more than juvenile junior high clique style gossip and defamation of character. It is hilarious to watch you all jump out of your skin when Sarah says, “BOO!” No honor or pride left in the journalism business, eh? The professionalism went a long time ago.
Both the Times and the Washington Post are sending out identical notices of recruitment!! What is this journalistic ploy? How many staffers do you plan to let go to cover this assignment with “just plain folks”? Well, I guess the Progressive “investigators” can do as well. Does Obama get to add the “volunteers” to his job creation tally?
Economists and Obama’s Progressive team of dreamers, ideologues, and academics have been wrong about the economy from day one, to which I would say,, “had enough yet?” The May jobless rate rose to 9.1 %. I wonder, should we call Obamanomics a man-caused disaster?
OBAMA'S ECONOMIC RECOVERY OVER BEFORE IT BEGAN
pResident Obama and his team are strong on rhetoric (big hats & no cattle) and strong on job destruction! All these academics, people almost to the last one who have never created a real job are shocked, shocked I say that the economy isn’t recovering! We are faced with record breaking deficits, debt, and spending and this group is shocked! In what parallel universe do they reside? No, it’s the ideological blinders they wear that keeps them from seeing reality!
People are losing ground.
Food and gasoline prices are up. Wages are either down or stagnant. Only 54,000 jobs were created in May, not the 150,000 jobs that were projected; no, make that hoped for! American companies are firing people. In order to recover, we need to be creating 250,000 to 300,000 jobs EVERY month make a dent in the pool of 14 million unemployed. BTW, the Labor Department is also reporting that the atrocious weather we experienced had nothing to do with the lack of jobs being created.
The truth is companies large and small do not want to hire because they have no confidence in Obama and his team of economic hacks! Jobs are being eliminated in companies both large and small. The Wall Street Journal is reporting that, “The jobless rate, which is obtained from a separate household survey, unexpectedly rose to 9.1%.” The job rate unexpectedly rose, really? No, really?
Under Obama’s watch jobs have been destroyed in the Gulf and in the San Joaquin Valley (40% unemployment) with the help of the EPA and with outrageous over regulation. Virtually every job sector has shrunk and declined under Obama; hospitality. manufacturing, housing and home pricing, retail all down. But on the bright side, foreclosures and abandoned houses are up.
OBAMANOMICS... ENOUGH SAID
Here’s a shock, government jobs were also down in May. In fact, there are more government jobs that will be lost in the coming months because local and state governments, faced with their economic reality, will be forced to lay off workers in order to meet their state mandated balanced budgets!
One story the MSM isn’t reporting is the job growth in Texas for the last 5 years.
Texas created more jobs than the other 49 states combined! If you want a job move to Texas. Banks and businesses are booming. In 2010 while the rest of the country suffered,
the Dallas Federal Reserve noted this week that Texas exports rose 20.3% in the second half of 2009 and 7.6% in February 2010, Texas home sales are again on the rise, Texas retail sales have grown for eight straight months, and March job growth in Texas was twice the national rate (while the foreclosure rate in Texas is half the national pace.)
And why aren’t we hearing this story. The answer is simple, Texas economic policies are diametrically opposed to Obamanomics. Texas has a business friendly environment with lower taxes and intelligent business regulation.
HAD ENOUGH YET? HOW MUCH DESTRUCTION MUST WE ENDURE BEFORE THE FRAUD IN THE WHITE HOUSE IS EXPOSED?
The list of waivers for Obamacare continues to grow. It is now so lengthy, (over 1,300 and counting), that the only question to ask is why are the courts taking their time on this one? Obamacare is unconstitutional.
The majority of voters want it repealed, according to the latest Rasmussen poll. In fact, at no time has this bill ever had the support of the majority of Americans.
Initially waivers were going to unions, big corporations, and financial institutions. Now, according The Daily Caller, it pays to live in Nancy Pelosi’s district if you want an Obamacare waiver where 20 % of the latest waivers were issued nationwide!
Of the 204 new Obamacare waivers Obama’s administration approved in April, 38 are for fancy eateries, hip nightclubs and decadent hotels in House Minority Leader Nancy Pelosi’s Northern California district.
The major cause of the US trade deficit with China is “globalism” or the practice, enforced by Wall Street and Wal-Mart, of US corporations offshoring their production for US markets to China (and around the world) in order to improve the bottom line by lowering labor costs.
(Hat tip) Every Blade of Grass. Some things speak for themselves.
Those on Wall Street, however, are largely unsympathetic, insistingthat possible errors in the foreclosure process are beside the point, that the process begins only when a borrower starts missing mortgage payments … from Wall Street Blames Homeowners
What a crock of manure that statement is. Banks initiate foreclosures even when homeowners are current. The banks are evicting homeowners despite flawed documentation, and thatis not beside the point!
The MSM is finally covering robo closers and law firms whose business is the churning of paperwork forcing homes into foreclosure without the proper review of paperwork. Banks are lying about their procedures and mistakes.
If you think fraudulent or phony bank foreclosures are something new, you’d be wrong. This has been going on for years.What is new is that the public along with many public officials are waking up to the fact that the banks have been deceitful and dishonest about the foreclosure process and have been screwing homeowners for years.
I know, because Chase tried foreclosing on me 9 years ago. It was an outrageous act on the part of Chase. Had it not been for a courageous, aggressive attorney, Tom Stubbs, who knew how the bank’s foreclosure process operated I would have lost my home.
This is a synopsis of what happened.
I had refinanced my home with a local bank a few years prior. The local bank, in turn, sold the mortgage to an entity called Cenlar. I made my payments to Cenlar for two years when I received a notice that Chase would now be my mortgage company. In the interim I received written notices and voice mail messages left by Cenlar saying to continue paying as always, until the transition was complete in 90 days. Shortly thereafter Chase began sending me acceleration notices. Since I’d never been late paying my mortgage, I didn’t know what an acceleration notice was.
Acceleration notices or not, I was sure since I hadn’t even received my first statement from Chase(and I continued to pay Cenlar) that there had to be some kind of mix up and it would be easily resolved. WRONG!
The day I received the foreclosure notice I was stunned. I couldn’t believe it. How could I be in foreclosure if I’d made all my payments on time? I immediately called Chase and was told by their customer service department thatthey couldn’t talkto me since I was in foreclosure! Say What?I was told to call the law firm handling the matter.
I called the firm and told them I hadn’t missed a payment… therehad to be a mistake… I could prove this with copies of canceled checks. I faxed the information over to the voice (clearly unimpressed and disinterested) on the other end of the phone … sure once the canceled checks were received this would put an end to it. WRONG, again!
What made matters even worse is that in Georgia (unless the laws have changed), a homeowner only has 30 days to resolve the matter! Thirty days! What if I had been traveling when the notice arrived, or had been sick, or any number of other situations that could have chopped that 30 day time frame into impossible response time? Without the aid of my attorney my house would have been sold on the Court House steps to the highest bidder.
Here’s some of what I learned.
Chase didn’t have to prove I missed three payments and defaulted on the mortgage!Chase only had to say I defaulted! Imagine … no proof was required!
Once that foreclosure train started I couldn’t do a thing to change it myself. Having a lawyer was a necessity!
Chase didn’t care what the truth was and their law firm didn’t care what the truth was. All they wanted to do was to get the paperwork done!
In Georgia, if you miss even one payment a bank can send acceleration notices to foreclose.
Since it was assumed that I was a “deadbeat” I was treated disrespectfully by Chase and their partner’s in crime.
When everything was finally sorted out, it turned out I hadn’t missed a single payment. During the Cenlar/Chase transition I had made an extra payment! I was one payment ahead yet Chase was determined to foreclose with faulty paperwork!
No apology was ever rendered. Let me say again, this happened 9 years ago when we weren’t in the midst of a foreclosure crisis like we are today.
My favorite mortgage company, Chase, accidentally evicted here:
Judi Moser said her life is as shattered as her precious crystal. “It’s about 150 years old and it’s gone,” she said, talking about her now-broken crystal bowl.”Who would let people come in and just destroy a lifetime of things,” asked Moser.
She showed Channel 2 Action News reporter Richard Elliot what’s left of her life after deputies and crews evicted her from her home of 29 years, only to put it all back when they learned the bank made a mistake.”And then they said, ‘Oops, wrong, we made a mistake. Let’s put everything back,” said Moser. Moser said it all started when she hit some tough times and called her mortgage holder, Chase Bank, to make a home loan modification. She said she was approved and sent Chase $4,000.But, she said, Chase never processed the paperwork, which caused a mistaken foreclosure in February, and last week’s eviction.
FORT LAUDERDALE, Fla. When Jason Grodensky bought his modest Fort Lauderdale home last December, he paid cash. But seven months later, he was surprised to learn that Bank of America had foreclosed on the house, even though Grodensky did not have a mortgage.
Grodensky knew nothing about the foreclosure until July, when he learned that the title to his home had been transferred to a government-backed lender. “I feel like I’m hanging in the wind and I’m scared to death,” said Grodensky. “How did some attorney put through a foreclosure illegally?”
Bank of America has acknowledged the error and will correct it at its own expense, said spokeswoman Jumana Bauwens.
“The bank made a mistake,” De Leon said, between tears. According to De Leon, after Washington Mutual sold his mortgage to Chase Bank in 2008, his $35,000 loan turned into a $350,000 nightmare. “Chase started rejecting my $350/month payments, and demanded $2,000 per month,” explained De Leon.
Want to really get pissed, go to Foreclosure Fraud and read some of the stories of banks that don’t give a damn about their business practices or their customers.
I love Colbert. He’s a funny, smart, insightful comedian despite the fact that his politics go a little too far left for my tastes.
That having been said, I don’t know whose idea it was for him to testify in front of a Congressional committee on immigrant farm workers this morning, but as far as I’m concerned his presentation bombed … and not because many of his lines weren’t funny.
What works on the Colbert Report sounded inane in front of the House Judiciary subcommittee.
Stephen, what were you thinking?Hello! Earth to whoever thought this was a good idea. Did you think because so many of the 30 and under crowd get their “news” from the Colbert Report and The Daily Show that this “testimony” would be taken seriously. Were you really so full of yourselves?
Comedian Stephen Colbert had barely seated himself at a House Judiciary subcommittee hearing this morning when US Representative John Conyers, Democrat of Michigan, asked him to leave. Conyers said the committee had not seen so many reporters at a hearing since presidential impeachment proceedings in the late 1990s, and he wanted Colbert to leave so that the committee could carry on with its work.
If this was an attempt to embarrass those who want the illegal immigration problem to be handled smartly and effectively, it backfired … BADLY! Y’all embarrassed yourselves.
