Friday, August 3, 2012

TAXPAYER-FUNDED AMTRAK LAUNCHES ‘RIDE WITH PRIDE’ CAMPAIGN TO ATTRACT QUEER CUSTOMERS!

theblaze.com ^ | 08/03/2012 | Billy Hallowell

While instances of outrage — and support– continue to rage for the fast food restaurant chain Chick-fil-A, Amtrak is also capturing some attention for its ”Ride With Pride” initiative, a new campaign aimed at gay customers. While homosexual rights groups are already praising the targeted efforts, some conservatives will likely express disdain and concern, seeing as the company is tax-payer funded and clearly taking a stance on the issue.

To fully push the efforts, special ads that show same-sex couples riding the train system have been released by Amtrak, as has a gay-friendly web-site encouraging individuals to head to popular vacation destinations. So far, two ads have been released — one showcasing two mothers and the other featuring two fathers (each featuring a child).

(Excerpt) Read more at theblaze.com ...

Conservatives Have A Secret

American Thinker ^ | August 3, 2012 | Daren Jonescu

...The entire Democratic Party, from the top down, now looks like Bill Ayers and Jeremiah Wright. The hatred of America is open. 

The desire to undo American constitutionalism is explicit. And this exposure will only accelerate in the coming months and years, as the left realizes ever more acutely that its days as an accepted political faction are numbered, and it is forced to take increasingly drastic and sudden measures to achieve its brutal aims before the clock runs out....It has become patently clear that the present Republican Party establishment is not up for this fight. Constitutional conservatives must do it themselves, using the GOP apparatus as just one tool.

They must remain cool and workmanlike, rebuilding dams faster than the leftist waves can knock them down. This is the means to conservative victory. One cannot merely "go back" to a better time. Societal decay cannot simply be undone. One must allow -- even encourage -- the progressive degeneration to play itself out, fighting it at every turn until the leftists, seething with an increasingly open hatred of America, overplay their hand and self-destruct.

(Excerpt) Read more at americanthinker.com ...

GOP Should Invite Chick-fil-A President Dan Cathy to Address Convention

Conservative HQ | 8/1/12 | Richard A. Viguerie

Today is Chick-fil-A Appreciation Day, and who better to make the case for traditional values at the Republican National Convention than Chick-fil-A President Dan Cathy, a man who lives them in his business and personal life and who has paid a heavy price for publicly saying so?

Mr. Cathy learned the hard way what President Obama meant when he said that this election is a choice between two different visions for the country -- and by saying publicly he supports the biblical definition of the family, Cathy put himself at odds with President Obama and his Democratic Party allies on an important part of their vision -- legalizing same-sex marriage.
President Obama has chosen to make this election a fight between those who want to overturn traditional Judeo-Christian culture, by sanctioning same-sex marriage and other policies that erode the traditional family, and those who believe that Judeo-Christian culture and the traditional family are society’s most important building blocks and the foundations of American exceptionalism.
Republicans should oblige President Obama’s desire to make same-sex marriage a central issue in the November election, and campaign unequivocally as the party of the traditional values Dan Cathy stood for when he said, “Guilty as charged” when asked about his company’s support for the traditional family.
The state-sponsored terrorism by Democratic elected officials against Mr. Cathy and his business began almost as soon as his “Guilty as charged” remark found its way to the internet.
Democrat elected officials including Chicago Mayor Rahm Emanuel, Boston Mayor Thomas M. Menino, San Francisco Mayor Edwin Lee, Pittsburgh Mayor Luke Ravenstahl, DC Mayor Vincent Gray -- and others -- have threatened to block Chick-fil-A from opening in those cities because the company’s President, Mr. Cathy, was unabashed in expressing his Christian faith.
To express your opposition to the persecution of Chick-fil-A and Dan Cathy by these Democratic officials, click (below at post 1) to sign our petition.
This state-sponsored terrorism by Democrats is exactly the kind of religious test for access to political power and commercial success our forefathers fled from when they came to the New World – which is why the Framers of the Constitution made it illegal.
It took real courage for Chick-fil-A President Dan Cathy -- whose fast food restaurants are already famous for their policy of being closed on Sunday -- to say that his company is in "support of the traditional family."
This is exactly the kind of courageous stand for traditional Judeo-Christian values that the Republican Party and its candidates should make every day – and who better than Dan Cathy to come to the Republican National Convention in Tampa in order to show the GOP how do that?
In the wake of the anti-Christian attacks on Dan Cathy, and Chick-fil-A, FOX News commentator Mike Huckabee organized today -- August 1 -- as "Chick-fil-A Appreciation Day." We plan to enjoy a great Chick-fil-A meal today, but we don’t think conservatives can just grab a sandwich and go home this election.
We need someone to step forward at the Republican Convention to say these biblical values are the values we stand for everyday and these are the values upon which we will campaign and govern. If you agree that the Republican Party should run on the kind of values Dan Cathy expressed, then please sign our petition urging Governor Romney and Republican National Committee Chairman Priebus to invite Mr. Cathy to speak at the Republican National Convention.

Guess who’s on a winning streak in endorsements?

Hot Air ^ | August 3,2011 | ED MORRISSEY

I’m not surprised by this, but I am a little surprised that the Washington Post noticed it. Despite media claims that the Tea Party has gone dormant and that Sarah Palin’s influence has waned, the candidates she backs for office have an uncanny knack for winning their elections — even when they start far off the pace:

Former Alaska governor Sarah Palin — though derided on the left and recently dismissed by former vice president Dick Cheney as a poor pick in 2008 — is nevertheless proving her enduring power within the Republican Party in the most concrete of ways: She keeps picking winners.
Similarly, Palin backed Tea Party upstart Richard Mourdock against longtime incumbent Dick Lugar in Indiana’s GOP primary. Palin endorsed Mourdock late in the cycle, just a couple of weeks before the primary.
Each of five candidates she has endorsed this year who have faced primaries or other campaigns have won, including former Texas solicitor general Ted Cruz, who Tuesday beatthe state’s well-connected lieutenant governor for the Republican nomination for the U.S. Senate. …
She has endorsed just nine Republicans this year — five of them women, according to the Web site of SarahPAC, her political committee. In an interview on Fox News on Wednesday, Palin said that she is making down-ticket races, not the presidential campaign, a focus of her efforts this year. She called Senate and House races “so instrumental in reforming government, shrinking it, allowing the private sector to grow and thrive.”
This might be easy to dismiss if Palin made a habit of endorsing front-runners, but that’s not been the case. Ted Cruz started off at a large disadvantage to Lt. Governor David Dewhurst in practically every metric imaginable.
(Excerpt) Read more at hotair.com ...

RNC sends DNC 'you didn't bake this' Obama birthday cake!


By Alicia M. Cohn - 08/03/12 03:43 PM ET



The Republican National Committee (RNC) sent the Democratic National Committee (DNC) a birthday cake on Friday, but the DNC sent it back.

The cake read "you didn't bake this" over a picture of President Obama. Text written in icing reads, "Happy birthday, Mr. President." The cake marks the occasion of the president's birthday, which is Saturday, with a play on the "you didn't build that" controversy.



Republicans revolted over the line, calling it proof that Obama lacks belief in hard work and American entrepreneurs, and presumptive Republican nominee Mitt Romney has referred back to "you didn't build that" on the presidential campaign trail.
Yahoo News reported the cake as vanilla with vanilla frosting.
"Happy 50.99726th Mr. President," RNC spokesman Tim Miller wrote in an email. The decimal number tweaks the Democrats on an official blog post from White House Economic adviser Alan Krueger, who pointed out the July jobs report, released Friday, indicated the "unemployment rate ticked up to 8.3 percent in July (or, more precisely, the rate rose from 8.217 percent in June to 8.254 percent in July).
"23 million people struggling for work isn’t a rounding error," RNC Chairman Reince Priebus ‏snapped back.
But the Democrats sent the cake back.
“This is typical of Mitt Romney’s approach to the middle class," DNC spokeswoman Melanie Roussell told The Hill. "He wants to ‘Let them eat cake!’ while robbing them blind. We sent the cake back to the RNC, along with a copy of the Tax Center’s report on Mitt Romney’s tax plan.”
The RNC also marked the occasion of Obama's birthday with faux e-birthday cards mocking gaffes by the administration.
Obama's campaign has used his 51st birthday as a fundraising opportunity, inviting donors to enter a raffle to attend his birthday bash Saturday in Chicago.

Dim Dems get August marching orders (Summer of Recovery IV)

The Hill ^ | 8/03/12 | Mike Lillis


House Democratic leaders on Thursday offered a final set of talking points to rank-and-file members leaving Washington for the August recess.

Minority Leader Nancy Pelosi (D-Calif.) and Minority Whip Steny Hoyer (D-Md.) called on Democrats to use the break to portray Republicans as a dysfunctional majority unable — or unwilling — to pass even the most pressing legislation before the House.

The party leaders are urging their caucus to highlight the summer's unfinished business, including the farm bill, postal service reform and reauthorization of the Violence Against Women Act, all of which the Senate has approved with bipartisan support.

“They have not governed for the middle class, ignoring our main challenges of job creation and balanced deficit reduction,” the Democrats wrote in a letter to their caucus. “Instead, they have abandoned compromise in favor of partisanship.”

Pelosi and Hoyer took a swipe at GOP leaders for pushing “messaging” proposals — including numerous efforts to repeal President Obama's healthcare law — that never had a chance of moving through the Senate or the White House.

“Again and again in this Congress, Republicans have wasted the House’s time considering political messaging bills that cater to the extreme wing of their party,” the Democrats wrote.

Also central to their August messaging strategy, Democratic leaders want their troops to emphasize the distinction between their party's tax plan and that of the Republicans — an issue that has come to a head in recent days, as both chambers voted on competing measures for extending the Bush-era tax rates.

Behind Obama, the Democrats want the lower, Bush-era rates to expire for families with taxable income above $250,000 — a proposal the Senate passed with a largely partisan vote last week. Republicans, meanwhile, are pushing to extend the lower rates for everyone — a proposal the House approved Wednesday, also largely on partisan lines.

Behind Speaker John Boehner (R-Ohio), House Republicans have flipped the blame for the impasse back onto Democrats, accusing Senate leaders of blocking numerous tax, energy and regulatory proposals the GOP says will create jobs. Boehner has vowed to bring the House back from recess this month to address those issues if Senate Democrats will do the same.

“House Leaders made it clear earlier this week that we will bring the House back at any time if Senate Democrats act to stop the looming tax hikes or replace the devastating defense sequester with other spending cuts,” Boehner spokesman Michael Steel said Thursday. “On both issues, the House has acted — so House Democratic leaders should direct their complaints and comments to Senate Democrats, and President Obama.”

The stalemate sets the stage for another high-stakes tax fight in the lame duck, when both sides will be arguing the economic benefits of their competing proposals — both on taxes and a long list of “fiscal cliff” issues.

The August break — not officially a recess, because the House on Thursday killed a proposal to adjourn for the month — offers lawmakers from both parties a five-week opportunity to make their case to voters.

Pelosi and Hoyer were clear in how they want their members to attempt that sell.

“When meeting with middle-class families and small business owners in your districts and listening to their concerns,” they wrote, “it is important that we send a clear message about how Democrats are working to move America forward and how Republicans are responsible for prolonging the uncertainty they face when it comes to taxes, sequestration, our economic recovery, and jobs.”

Glenn Beck gives Harry Reid a taste of his own medicine…



Harry Reid made a wild claim with no evidence and accused Mitt Romney of being a felon. His evidence? A call he got to the office. That’s it. He then doubled down by saying that ‘the word is out there – Mitt has to prove he paid taxes’. It’s such a pathetic and false attack it’s a wonder how Harry Reid lives with himself.
Here is Reid’s statement on Romney’s taxes:
“The word’s out that he hasn’t paid any taxes for 10 years. Let him prove that he has paid them. Where is the proof that he has paid taxes? The one partial tax return shows that he has money hidden in Bermuda, the Cayman Islands, in a Swiss bank account.”
Writers note: If Romney released the tax return to the public that showed the accounts he holds his money in …how exactly is that “hidden”? Curious minds want to know, Harry Reid…
Reid continues…
“I’m not making that up. That’s in the partial year that he gave us. Mitt Romney makes more money in a single day than the average class family makes in two years.”
That last line ia about the only thing that Senate Majority Leader Harry Reid wasn’t making up in his statements.
Just as Glenn was about to get worked up about the Majority Leader’s completely unAmerican comments, an “anonymous” call came in (from someone who sounded a LOT like Stu) with their own idiotic, baseless claims…
GLENN: Hello.
CALLER: I have information.
GLENN: You have information you want to share with me? What is it?
VOICE: About Harry Reid.
GLENN: About Harry Reid?
VOICE: Yes. I can’t tell you exactly how I know this.
GLENN: Okay.
VOICE: But Harry Reid is a pedophile rapist.
GLENN: He’s a pedophile rapist?
VOICE: Yes.
GLENN: Wow. I mean, if somebody came before Congress and wanted to be a – you know, somebody wanted to be a, you know, a cabinet member, you couldn’t be a pedophile rapist. How long has he been a pedophile rapist?
VOICE: Approximately 25 years.
GLENN: 25 years.
VOICE: Now, I should be – I just wanted to be clear. He is not a pedophile. He’s a pedophile rapist, meaning that he’s raping pedophiles.
GLENN: He’s raping pedophiles?
VOICE: Right. He’s a pedophile rapist. He’s not a pedophile. I’m definitely not accusing him of that.
GLENN: Okay.
VOICE: But I am saying that he is a pedophile rapist.
GLENN: All right. Okay. Thank you very much for your phone call. Appreciate it.
After Glenn shared the (disturbing and baseless) claim from Stu the caller that Harry Reid is allegedly a pedophile rapist, Pat obviously wanted to know the facts of the situation. After all, only an idiot would take seriously anything an anonymous sourced with no facts and then share the information with the public.
Right, Harry?

West: 'Barack Obama Is Undeserving of the Title Commander-in-Chief'

Weekly Standard ^ | 8/3/12 | Daniel Halper

In a statement posted to his Facebook page, Florida congressman Allen West calls President Obama's decision "to unleash his campaign cronies against our Military ... unconscionable."

"As a retired Army officer I am appalled at the Obama administration’s actions to bring a lawsuit against the State of Ohio for the early voting privileges it extends to our Men and Women serving in uniform," West writes. "To have the Commander in Chief make our US Servicemen and Women the target of a political attack to benefit his reelection actions is reprehensible.

The voting privilege extended to these Warriors who represent the best among us should not be a part of the collective vision of this inept President who is more concerned about his reelection than sequestration. As a Combat Veteran, for this President to unleash his campaign cronies against our Military is unconscionable….how dare this President compare the service, sacrifice, and commitment of those who Guard our liberties not as special and seek to compare them to everyone else.

Barack Obama is undeserving of the title Commander-in-Chief."

(Excerpt) Read more at weeklystandard.com ...

Harry Reid's Office Responds To Rumors That He's A Pederast

Ace of Spades ^ | 8/3/2012


As you know by now, when baseless but serious charges are laid against a powerful political figure, it is the responsibility of the maligned individual to prove their innocence.

With that understanding, I requested comment from Harry Reid's office on the swirling charges that someone said they heard from someone that Harry Reid is pederast.

The email response from Reid Spokesman Adam Jentleson can only be characterized as chilling:

"Cute"
First, note the non-denial. Based on the rumors we've all heard, we can only conclude that at best questions of Reid's abuse remains an open question.

Second, "Cute" is not how I would describe this situation. Senator Reid has been accused by multiple unnamed figures as a serial abuser. The fact that Reid's spokesman thinks anything about this situation is "cute" is disturbing and only leads to more questions about the unreleased records that might (or might not) clear Senator Reid's name.

We will of course be following up on this explosive and developing story....for the children.
In fairness to Harry Reid, does he look like the kind of creepy old man who sees a young boy and thinks, "tasty"?

reid.jpg
Hmmm, forget I asked.

Chick-fil-A kiss-in's today in the Triad? Not that we've found (GAY ACTIVISM FAILURE)

News & Record ^ | 8/3/2012 at 2:07 pm | Jeff Gauger

Two News & Record reporters returned to the office in the past hour after checking Chick-fil-A restaurants for on-site kissing by supporters of same-sex marriage.

The reporters visited four Chick-fil-A's.They saw no kissing.

We'll stop by local Chick-fil-A's again later today. Let us know if you see Chick-fil-A kissers.
Kiss-ins, set for today, were to be same-sex marriage supporters' answer to Wednesday's -- what? -- eat-in. That's when supporters of Chick-fil-A President Dan Cathy's stance against same-sex marriage packed its restaurants in the Triad and elsewhere.
Of course, 'tis easier and probably more fun to register support by eating out than to declare your opposition by public smooching -- especially on private property where neither restaurant managers nor some other diners will welcome you.
In other words, any "I'm for same-sex marriage" kissers will have to be more committed to their cause than were many of Wednesday's diners.
Cathy told an online Baptist publication in mid-July that he endorses the biblical view of marriage. The predictable response from same-sex marriage supporters followed. Then former Arkansas governor and one-time presidential candidate Mike Huckabee suggested via Facebook that those who hold to Cathy's view visit Chick-fil-A's for lunch on Wednesday.
Chick-fil-A announced Thursday that it had record-setting sales Wednesday. The Atlanta-based company, with more than 1,600 restaurants, is privately held and does not release financial information. It provided no specifics about Wednesday's sales.

Carbonite CEO admits dropping Limbaugh hurt growth!

 Legal Insurrection ^ | Friday, August 3, 2012 at 12:13pm | William A. Jacobson

Carbonite famously dropped Rush Limbaugh on a Saturday Night at the height of the Sandra Fluke controversy. Carbonite became the poster child for the Rush boycott movement organized by Media Matters, which coordinated the effort with so-called independent groups. …

Since that time the Stop Rush effort has imploded, with backstabbing and accusations among the participants. Limbaugh has had better numbers than ever, and the hype surrounding Mike Huckabee as a Limbaugh replacement has gone flat.

Yet what became of Carbonite?


On August 1 Carbonite released its 2d Quarter 2012 results, the first full quarter after dropping Limbaugh in March. The results shocked Wall Street, as Carbonite did not meet its growth targets, causing multiple analysts to drop the target price. The stock dropped 15% in a day.

Most important, in a conference call held on August 1, the CEO David Friend admitted that dropping Limbaugh damaged Carbonite’s growth, and is likely to do so for at least one or two more quarters. …

(Excerpt) Read more at legalinsurrection.com ...

Chevy Volt Village

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The Fix

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A preview

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It worked?

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Liberal Logic

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What the meaning of "is" IS!

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"a bit of a stall"

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The Media

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Despicable Reid

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Conservative 6-Year Old Gives "10 Reasons Not To Vote For Obama"!



    By Maurice Garland


      A gun toting tot might be the nation's youngest political pundit

      Does someone need to call Child Protective Services?

      Check out this clip of a "conservative" 6-year old doing his best Howdy Doody impression while giving us, the American public at large,
        10 reasons why people shouldn't vote to re-elect President Barack Obama.

      Rather than dismiss the talkative tyke, we decided to take a look at his reasons,
      and see how they stand up to reality.
      Shall we?

      10.) "He wants to take money from people who work hard
      and give it to people who don't work at all."

    We're guessing that the directors of this video (i.e. his parents), are talking about the Obama administration's stance on welfare.
    Earlier this month it was reported that the administration will be granting waivers to states allowing them to This means bureaucratic layers will be taken off of the Welfare Reform act that President Clinton created in 1996,
    essentially allowing states to spend more federal assistance money on families in need.
    The move comes after social service workers complained that they were filling out more paperwork than actually helping parents find jobs.
    To Republican ears, this might sound like more of their money is going right into the pocket of welfare recipients.

      9.) "He wants everybody to wait in a long line to see the doctor."

    A quick search through the White House's "Putting Americans in Control of their Health Care" website gives us a quick answer:
      no.
    But for some, there will be long lines.
    To find out more about health care deserts and the government's attempts to eradicate them.

      8.) "He thinks all babies are a burden."

    President Obama is a known advocate for choice in the abortion debate,
    but it is quite the leap to accuse the father of two daughters of believing that babies are "burdens."


      7.) "He wants to keep people on welfare and food stamps so people will vote for him."

    As of February 2012, 47 percent of beneficiaries of food stamps were under the age of 18, so they can't vote.
    But 49 percent of beneficiaries on food stamps were white as of 2010
    and in 2008 Obama snatched 43 percent of the white vote,
    so maybe the kid has a point there.

      6.) "He doesn't want Americans to drill for oil or mine for coal."

    Actually, Obama does want Americans to do both of those.
    But, Republicans just want to do it more often than he would like.

      5.) "He lets bad guys into our country."

    Forgive us if our history is a little rusty, no?

      4.) "He wants to take guns away from good guys."

    Does working with the leaders of the Republican and Democratic parties, religious groups and civic leaders to sound like a threat to take guns away from "good guys"?

      3.) "Mr. and Mrs. Obama are not a part of America, but I am."

    We knew this was the prevailing narrative against President Obama, but hadn't realized the virus had spread to the first lady.
    Joan Tribble must be devastated to learn, in such a public way, that she isn't American after all.

      2.) "He bows down to leaders from other countries."

    To paraphrase the president,
      why doesn't this precocious little fella' ask Osama bin Laden
        if the president bows down to leaders, or otherwise, from other countries.

      1.) "Nobody knows where he came from."

    Judging from him pointing at the coast of South America on the map, where most birthers are convinced Obama's from Kenya,
    it looks like this kid isn't old enough to have sat through his geography class yet.
    Perhaps someone should inform the young man that the president has released his long form birth certificate to squash the "birther" chatter.
    Now, if you're feeling especially generous, perhaps you can get the young man one of these so he'll never make that mistake again! 

Auto prices are going up as incentives vanish

msnbc ^ | 8/2/2012 | Paul A. Eisenstein

Yes, you probably will pay more for that new car, truck or crossover you’ve been eyeing. With U.S. sales rising and factories in many cases stretched to the limit, manufacturers have been curbing incentives and nudging prices higher, according to industry analysts.

The good news is that whatever you buy, your next new vehicle is likely to be significantly better-equipped than the product it replaces, reports J.D. Power and Associates.

Anyone watching the Olympics might get the impression this is a great time to buy, at least if a low price tag is the objective. Chevrolet, in particular, has been heavily promoting its “Total Confidence Pricing” program, implying that all buyers are getting an especially low-ball number. Other automakers have been pitching low-interest loans and other givebacks to get shoppers into showrooms.

TheDetroitBureau.com: Chrysler hot, Fiat not

But the deals aren’t as good as they might first seem, according to Jesse Toprak, chief analyst with TrueCar.com. “Even though automakers may give the impression that they are ramping up incentives spending … (they) are increasingly moving away from cash incentives and pushing finance and lease programs,” he said.

(Excerpt) Read more at bottomline.nbcnews.com ...

General Motors: Obamacare Wrapped in Solyndra Inside Some Misery

Townhall.com ^ | August 3, 2012 | John Ransom

General Motors, the auto company that vice president Joe Biden likes to claim Obama saved singled-handedly during the virgin birth after which the One was swaddled in a manger, is facing a class action lawsuit for making “materially false and misleading” claims in the prospectus for the new issue of stock it offered as it moved out of bankruptcy in late fall 2010.

A statement issued by the law firm representing the class “alleges that the defendants misrepresented and/or failed to disclose that: (1) GM was predicting revenue based on production rather than actual sales; (2) the Company falsely assured investors that it was actively managing its production by monitoring its dealer inventory levels; and (3) the Company assured investors that its inventory management would improve in 2011, which would improve average transaction price.”
GM stock has been in trouble since it was issued, drifting downward from $33 in November of 2010 to a close of near $19 today. The company currently has a market capitalization of around $29 billion after offering about $22 billion in stock to the public a year and a half ago.

In addition, the company also received $52 billion from the U.S. Treasury, $9.5 billion from the Canadians and $12 billion in tax losses carried forward from the pre-bankruptcy days- which for the rest of us regular Joes would be illegal. Oh, then there was that little issue of not paying taxes on the loan that Obama decided to turn into a gift- which again would be illegal for the rest of us.
Just to break even on the part of the money that the U.S. government didn’t make an outright gift, the stock price would have to hit about $51.
Here’s more of that famous Obama math for you junior progressive economists. Pay attention; this is what gave us a jobless recovery. Some day you too might want to grow up and create a jobless recovery for your country:
$22 billion + $52 billion + $9.5 billion + $12 billion= $95.5 billion in new money from investors, governments and tax credits that the company has turned into $29 billion in mere months.
No wonder Obama likes this company. This is like Obamacare wrapped in Solyndra inside some misery.
Hey quick: Let’s blame Bush.
At issue isn’t so much the stock price of GM but whether or not the company was “built to last” as it came out of bankruptcy.
After a year of intolerable claims of record profits from GM by anyone connected with the administration, the business results are starting to better reflect what investors have been saying all along: GM’s a dog.
Any company can fake profits for a little while when $100 billion in cash is thrown at it.
Meanhwile, in the real world, General Motor’s profits fell 41 percent in the second quarter of this year.
While the company blames it all on Europe, only $361 million of an estimated $1 billion in missing profits came from Europe. Simple math would tell even Obama that $639 million came from stalling profits from places NOT named Europe.
Hey quick: Let's blame Europe.
“GM's profit from April through June dropped to $1.5 billion,” reported the Knoxville New Sentinel, “$1 billion less than the same quarter a year earlier. It had a $361 million pretax loss in Europe and $19 million of red ink in South America. In North America, pretax profits fell nearly 13 percent to about $2 billion. International profits, including Asia, also dropped, by 3 percent to $557 million.”
If I were the guys who falsely claimed in 2010 that GM repaid 100 percent of the loans the government gave them and then spent 2011 bragging about how the company made record profits on the strength of turning $100 billion in cash into $29 billion, I’d be puckering up about that class action lawsuit right about now.
They ought to consider that Obama won’t be president forever, and maybe, just maybe Mr. Romney would join the lawsuit on behalf of the American taxpayers.GM Chart
GM data by YCharts
Of course the federal government already owns about 60 percent of the stock anyway, so there would never be a need to join the lawsuit. The government can kick out management whenever they want.
And that might be exactly what Mitt does before he dumps 500 million shares of GM.
In February of this year, as GM stock traded between $25-$26, Romney drew the wrath of that great professional investing class, establishment journalists, when he called for the U.S. to divest itself of the GM stock.
“If the government moved now to dump the 500 million GM shares that it still owns, as Romney suggests,” wrote thousandaire or hundredaire mogul investor, CNNMoney reporter Charles Riley, in a typical hit from the establishment press, “taxpayers would be guaranteed to take a loss.”
Good going Charles: Lecture Mitt Romney on investing strategy too.
Because from where I’m sitting, Mitt’s been right all along. On the other other hand, your strategy, Charles, lost taxpayers another $3 billion.
"If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye," Romney wrote in November 2008 according to CNNMoney. "It won't go overnight, but its demise will be virtually guaranteed."
Over the next year of so the drama at GM should be played out. And then we'll know one way or another.
But I don't really need to know, to know.
Mitt’s right and Obama’s wrong.
But we already knew that.
You know?    

Me and My Doctor: Setting the Record Straight on Doctor Pay

Texas Medical Association ^ | July 31, 2012 | Joseph Valenti MD

Dear Sir:
I am a physician in Denton, Texas. This morning, I sat and read your article in The Dallas Morning News titled “Your Doctor’s Big Fat Paycheck.” Frankly, I am in awe of the breadth of your ignorance.
Fact: Of the health care dollars spent in this country, physician salaries make up about 8.5 percent. That is one of the lowest percentages in the industrialized world. Germany, by contrast, is at 15 percent.
Fact: The graduate level course of study for nurse practitioners (NPs) and nurses is not even close to that of physicians — we have a little something called residency. Perhaps you’ve heard of it. When I did mine in OB-Gyn from 1994 to1998, it was 90-100 hours a week for four years with a take home pay of $20,000. I was raising a family on that, as my wife had to stay home to take care of premature twins. NPs and nurses do none of that.
Fact: Private insurers are already too strong. “Weak bargaining position”? If you don’t like the contract they offer, they tell you to take a hike. Doctors are the ones with no bargaining position. I haven’t had an increase from United Healthcare for 54 months. Meanwhile, it paid its shareholders an 11-percent dividend last year. And regarding your comment about how individual plans rarely cover one-half an area — do your homework! States like Alabama have Blue Cross and Blue Shield covering 90 percent of insured lives! In any other industry, this would constitute a monopoly.
Fact: Medicare increases have been had by every segment of the health care industry except doctors. (See the charts.)
Fact: Pilots may make less than doctors. They also belong to unions and walk out when they don’t get what they want. Doctors never walk out, and the pro bono and free care we hand out can’t even be deducted from our federal taxes as charity. Then try breaking it down per hour. Pilots fly about 60 hours/month. Doctors work in the office and hospital about 60 hours/week. And that doesn’t take into account nights and weekends on call. Don’t get me wrong — pilots are vital and do a great job. But on a per-hour basis, they are clearly ahead. By the way, I don't know a single primary care doctor who makes $200,000 a year. Most of the ones I know are barely getting by, and many are closing their practices or selling them to hospitals.
A huge doctor shortage is looming. We cannot and will not attract our best and brightest students to medicine unless their pay is commensurate with the level and intensity of work and commitment needed to fund a modern medical education. The student loan burden alone, which is now often exceeding $200,000, keeps many away.
The huge amount we spend in this country for health care has far less to do with medical professionals’ salaries than it does with the cost of almost everything else. Case in point: The same Mirena IUD, from the same single factory that Bayer uses in Finland, costs $700 in the United States but costs $250 in Canada. Really? That same case can be made for tens of thousands of drugs and medical products here.
Medicine is one of the only businesses I know of where the increasing cost of doing business can’t be passed on to the customer. Every year, the cost of running my office and paying my employees goes up, while insurance payments stay the same or go down. I am left to eat the difference. My salary the last three years is less than I made 14 years ago when I started in private practice. Hardly a source of bankrupting the health care system.
Shakespeare said that the eye sees what the mind knows. With that in mind, ask yourself if you would feel comfortable entrusting your care or that of your family to someone with less training, less knowledge, and less expertise. Would you? I think not. Now ask yourself how happy one of us would be treating someone like you, who wrote an article that is so misleading about us and who we really are and what we really have done to become really good at taking care of patients. Surprise. We would love to take of you. Why? Because that is what we took a vow to do, a vow that doesn’t allow us the luxury of being judgmental. So the next time you are lying in bed needing emergency surgery, remember this — we will be there. Pay or no pay. Assign a value to that ideal, and then consider whether or not we are “overpaid.”
Sincerely, Joseph S. Valenti, MD, FACOG