North Korea launches missile over Japan
Officials from Japan, South Korea and the US confirmed lift-off at 0230 GMT. The rocket appeared to have passed over Japan to the Pacific, Tokyo said.
North Korea says it is sending a satellite into orbit, but its neighbours suspect the launch could be a cover for a long-range missile test.
GM CEO asked to resign… by Barack Obama
GM CEO, Rick Wagoner, has been ordered, I mean “asked”, to resign by the president of the United States, Barack Obama.
This is entirely disturbing in itself that a sitting U.S. president would be in the business of modifying the corporate leadership of a U.S. company. It is even more disturbing after looking into the facts a little bit more.
It seems odd that President Obama would force the resignation of the CEO of GM for “mediocre performance”, when leaders of other failed institutions are simply given unlimited money, more time, and lucrative cabinet positions.
For example, Franklin Raines, former CEO of Fannie Mae and Clinton administration official, did many things wrong. Raines is one of the people principally responsible for the collapse of the giant and had been accused of manipulating the company’s earnings. Yet, he has been tapped for advice, by president Obama, on numerous occasions.
What did Franklin Raines do different from Rick Wagoner? In order to determine that, one only need to follow the money.
By looking at the contributions toward political candidates. one would find that Richard Wagoner donated to both parties, but much more heavily to Republicans. On the other hand, Franklin Rainse donated a much higher percentage to Democrats. Not only was Franklin Raines heavily donating to Democrats, he also supported many very liberal political action committees.
I think I have more than a hunch how this went down. The democrats take care of their own, as long as their own bring in the big bucks. Keeping the status quo is what is most important.
Rick Wagoner did not bring in the big bucks for president Obama. In fact, he contributed to George Bush, Mitt Romney, and even John Ashcroft. Committing this unpardonable deed must have eliminated his chance of succeeding in the new Socialist democrat regime. Even though GM has not yet failed, he was fired for low performance.
Franklin Reigns, on the other hand, received the president’s ear, even after cooking the books of a major corporation. He had the attention of President Obama because he brought in the money. Though he left Fanny Mae in disgrace, he was elevated because of the cash he brought with him.
The constitution never gave the president the right to micromanage corporations. Combine this with the fact that his political friends go free, while political enemies (or even neutral players) are punished, Mr. Obama is greatly outside the bounds of our constitution.
Please call the white house switchboard at 202-456-1111. Let them know that the president of the United States has over stepped his bounds and has no business micromanaging companies in the US, and that he certainly does not have the right to use the office of the president for political harassment.
Russia calls for International Currency… Global control of monentary system
The Kremlin published its priorities Monday for an upcoming meeting of the G20, calling for the creation of a supranational reserve currency to be issued by international institutions as part of a reform of the global financial system…
…The Kremlin’s call for a common currency is not the first in recent days. Speaking at an economic conference in Astana, Kazakhstan, last week, Kazakh President Nursultan Nazarbayev proposed a global currency called the “acmetal” — a conflation of the words “acme” and “capital.”…
The Group of 20 (G20) industrialized and developing countries will meet in London on April 2.
Click here to read the full story…
US Government Spending is Out of Control
You will probably be surprised to hear this, but I have to let you in on something… The U.S. Government has a spending problem. Yes, I know, who saw this coming? 
The simple fact is that we need a radical change in the roles of the federal government, and the responsibilities of citizens in the US. Unless there are serious changes in the way the federal government irresponsibly spends money, we are in for serious trouble.
Glenn Beck had an excellent illustration on the exponential rise in spending the other day. Check out his hockey stick graph in the following video:
Who withdrew the $550 Billion on September 15th, 2008?
Today, I was listening to the Glenn Beck program and heard about Rep. Paul Kanjorski’s comments on the financial crisis that took place on September 15th, 2008. According to Mr. Kanjorski:
“On Thursday [September 15] , at roughly 11 AM The Federal Reserve noticed a tremendous draw down of money market accounts in the USA to the tune of $550 Billion dollars in a matter of an hour or two. Money was being removed electronically.The treasury tried to help with $150 Billion, but could not stem the tide.
It was an electronic run on the banks
The treasury intervened but had they not closed down the accounts they estimated that by 2 PM that afternoon. Within 3 hours. $5.5 Trillion would have been withdrawn and collapsed and within 24 hours the world economy.”
I think that there are not that many people or countries on earth that could pull that much money, that quickly. Furthermore, the fact that nobody is telling who pulled so much money from US accounts suggests that they are still holding a hammer over our heads.
Some very credible people have suggested that George Soros may have been responsible (just like the crash he instigated in Britain). While I would not put it past George Soros to do such a thing, I do not believe that even he has the potential of donating $5.5 trillion out of the economy. My theory is that it was China.
A couple of years ago, there was discussion about China implementing such a strategy if tensions ever got tight between the U.S. and China. They would be one of the few places on earth that could have the potential of $5.5 Trillion from the U.S. Economy in a matter of 24 hours.
The fact that whoever it was. stopped, should be even scarier that the fact that they started. There was a reason for stopping the pullout and this reason will most likely came at a huge cost to the American people. I am sure that more will be leaked in the future.
You can see the video below (from CSPAN):
Obama Presidential News Conference - February 9th 2009
I am listening to President Obama’s remarks on the economy right now. Here are my thoughts.
- Obama quote: “The private sector is so weekened that only government can fix it.”
- He just lied. He said there are no earmarks whatsoever in this bill.
- Obama cannot speak when he is asked a question. I think I just heard the longest runon sentence ever.
- He must be listening to his earpiece more than he is paying at
- “Doing something” is exactly why the depression lasted ten years.
- Yes you inherited something mr Obama. Now you are the leader so stop blaming everyone else.
- Obama quote “Consumer spending did not get us into this mess.” - Are you kidding me? They must not teach economics in Chicago schools.
- “The credit crisis is real, the sky is falling, give up your rights because I am Obama.” - Slightly Paraphrased.
- “Markets” - That word you keep using, I do not think that means what you think it means.
- An ABC news reporter asked for specific milestones that would show whether Obama’s bailout package is working. He says he will create or save 4,000,000 jobs and that will be his measure of success. Then he says we should normalize the credit market. For the third step he said that we should stabilize the housing market.
- When asked about lifting the ban on filming flag draped coffins, Obama dodged the question be saying he is “reviewing” the policy but he can’t give a stance.
- Ok, I think Obama took speaking lessons from William Shatner. He keeps pausing like every sentence could spell the end for the Starship Enterprise.
- Obama just said that “Nobody is above the law.” Does that include Timothy Geitner, Tom Daschel, William Ayers, and his other criminal aquaintances.
I can’t pay attention anymore, this press conference is getting really boring really fast. He even botched the softball questions…
Fascism on the march…
The Federal government of the United States has siezed control of three more financial institutions, bringing the total to nine in the past month.
U-S_History.com describes Fascism as the following:
Fascism - From the Latin fasces, a group of tightly bundled rods with an axe head protruding from one end, a Roman symbol of power and unity. As a political philosophy, it describes an authoritarian regime that exalts the state above the individual, readily resorts to military action to solve international disputes and seeks to control every aspect of the nation’s existence — political, social, religious and economic. Fascism does not embrace communism’s devotion to a classless society…
If the mountain Fascism is three lengths long, we are only have a few remaining steps on the last leg of the journey:
- Authoritarian regime that exalts the state above the individual:
- Read - Nationalism
- Readily resorts to military action to solve international disputes:
- Think of Obama’s former comments on Iran, etc.
- Seeks to control every aspect of the nation’s existence
- Political - The fairness doctrine is currently being reconsidered so that political dissenters will be silenced, Campaign finance laws prohibit direct contributions to many candidates, character assassination has become a normal part of the ruling party’s strategy.
- Social - Between government funded “social engineering,” CDC “educational videos,” and proposed birth-to-adult education funding, this has been one of the clearest examples of impending fascism in the United States.
- Religious - The proposed new stimulus bill bans using dollars to help institutions that have a religious service on campus (Military Schools, Hospitals, Nursing Homes, etc.). Throughout the country, parents educational plans have been usurped by the simple fact that the government will take their educational dollars and give them to someone else if they choose to send their children to a religious or private school.
- Economic - See the story above to understand how this works. Bank takeovers, over-regulation of IRAs, and Fiat Money sums this all up. Fascism was always a system of keeping the big boys alive and happy at the expense of the taxpayers.
- Political - The fairness doctrine is currently being reconsidered so that political dissenters will be silenced, Campaign finance laws prohibit direct contributions to many candidates, character assassination has become a normal part of the ruling party’s strategy.
Bait and Switch Stimulus Package
Senator James Inhofe had a press release today that pretty much summarizes what the stimulus bill entails: 97% spending and 7% stimulus. Once again, the U.S. government (King Obama, all Democrats, and a couple Republicans) are thumbing their noses at the American people.
Tundra Politics applauds Senator James Inhofe for making such a brave stand in such a time as this.
Inhofe Statement on Stimulus Compromise
February 6, 2009
WASHINGTON, DC - U.S. Senator James Inhofe (R-Okla.), issued the following statement tonight after the announcement of a compromise on the Senate stimulus bill.“While I appreciate the efforts of my colleagues to bring down the price tag of this bill, the fact is we still face a trillion dollar spending bill. Making it worse, the bill is 93% spending and only 7% stimulation. Over the past few days I have fought to include more in the way of real stimulus through higher percentage of infrastructure and defense spending, while working to cut much of the typical government waste often found in a bill of this size. Yet Democrats have blocked these efforts.“The good news tonight is that the American people are catching on to the fact that this is the largest spending bill in history and are becoming more and more vocal in their opposition. My offices in Oklahoma and Washington DC have been flooded with emails, phone calls and faxes overwhelmingly opposed to this trillion dollar legislation. They can rest assured that my vote remains an unwavering ‘no.’”
Related Links:
Inhofe Fights For Responsible Infrastructure Money In Stimulus Bill
Inhofe Joins Republicans in Presenting ‘No Stimulus’ Petition
Population of the U.S. must be growing fast - Pelosi says we lose 500 Million jobs a month
I know that Democrats oftentimes sensationalize the facts. Even exaggerate them beyond reason. But somebody should have sent the memo to Nancy Pelosi:
When exaggerating the facts, don’t get caught in an impossible lie. She recently stated that 500,000,000 (That’s five-hundred million for those of you in San Francisco) people will lose their jobs on a monthly basis until their pork laden ’stimulus package’ is passed.
Obama melts into ‘Jimmy Carter’ mentality
President Obama has already capitulated to overseas interests. Leaving American workers and manufacturers to suffer through this economy without the support of their president.
President Obama to water down ‘Buy American’ plan after EU trade war threat - Times Online.