Liberal moonbat speaks out

[Glenn W]

Often I am refered to as the liberal moonbat of SFC. This is largely due to many members' gross misunderstanding of my philosphy of Government's role in business and sometimes our personal lives.--- so that it is clear--- my philosophy is for government to act as a referee (not equity owner) when things go awry in markets, provide oversight to promote fair competition, and to regulate when market power is present or when competition is not working. Enough about me---
A prime example of why Governement should not be in the business of business is the recent Chrysler bankruptsy and bailout actions of the US Government.
Have you seen the news today that the U.S. Supreme Ct. issued a temporary Stay on the Sale of Assets to Fiat?---- This is a very big deal, and I expect the High Court to rule very soon.
In case you are not aware here is a summary of what's going on--
http://finance.yahoo.com/news/Court-...&asset=&ccode=

What all this means is that the U.S. Government ( Obama Administration) as a monetary stakeholder is trying to ramrod the sale of Chrysler's assets to Fiat through will no regard to our laws, proceedures, and fair methods of conducting business. The Supreme Court is saying---- WHOA!!!!, wait just a dog gone minute here Mr. President, we are a Country of laws and proceedures designed to protect all--- not just the interests of the 800 pound gorilla ( in this case the U.S. Government itself). I have no idea of the merits of the Indiana secured bond holders claim, and I haved no position as to what is the right thing to do, but what I do know is that we have specific and defined laws regarding the hierarchy of claims for Chapter 11 bankruptsy and it would appear that secured bondholders are getting the shaft---- and in direct violation of very specific laws protecting secured creditors.----
Why are unsecured creditors being paid handsomely ahead of secured bondholders?-- Why are secured bondholders only getting $0.29 on the dollar? It is pretty obvious-- Uncle Sam needs to consumate the Deal with Fiat regardless of our own laws. It may or may not be fair but the point is, the rules change when the government gets in the business of being in business and has a vested interest in a particular business venture.----
Now, before you all start the "hell yea its all Obama's fault, remember this all started with TARP and Bush. No blaming Bush either as it is Congress that hold's the purse strings to all of this and has an obligation to pull the reins in when things get out of control.---- Actually, a blame game will go nowhere, as it seems to be sign of our times------ spend blindly, and act with haste. It would seem there should be more wise men and women in Washington than one little old lady judge by the name of Ginsburg.

[clt_capt]

Well said... Unfortunately too many of the smart folks in Washington are looking to clean up on this little mess...

[GALAZIO]

Hey Glenn... ya damn Moonbat, it's an 800 lb gorilla, not 80lb.

Good to see ya stating the left is no better than the right... they both suck and it's time to take back our country before Nibiru wipes us all out.

[Glenn W]

Hey Glenn... ya damn Moonbat, it's an 800 lb gorilla, not 80lb.

If I got paid to type, I'd be one hungry sombich---- after editing 2 or 3 times I still didn't notice that. I'm not much at proofing either.

[Reel Fanatic]

Glen-

You may be a "liberal moonbat" but at least you have the character to engage in spirited debate without resorting to name calling or personal attacks. You stick to quantifiable and/ or qualify-able information that can be researched and verified or disputed.

This Chrysler deal smells to high heaven. When the power brokers between Chrysler and the UAW actually were able to strike a deal and work most of the kinks out, that should have been the end of it and the Chapter 11 process should have been allowed to run it's course for the betterment of all parties involved. But nooooo...Ole King Obama just had to step in and force the deal with Fiat ( a rather appropriate name in this case wouldn't you say). Obama thinks he is above the laws because of his God-like rock star status. He scares the ever-living shit out of me and the media is walking in lock step right along with him as if all is well with the world.

Merriam Webster definition of Fiat:

1 : a command or act of will that creates something without or as if without further effort
2 : an authoritative determination : dictate <a fiat of conscience>
3 : an authoritative or arbitrary order : decree <government by fiat>

[RWW]

Why does the government, the UAW, and Fiat get to break the law?
Not pointing fingers at either administration but why do all of these deals have either Dodd or Frank involved?
Why does the UAW get 55% for retirees health benefits? Maybe they should use the money they donate to the Democratic party every year for those benefits instead of buying off elected officials and steal from bond holders. I guess buying off elected officials has it advantages for a few...http://online.wsj.com/article/SB124416281882387463.html

Glenn correct me if I am wrong but isn't it fair to say that major bond holders include 401K's and mutual funds? If so it would be safe to say the government has helped themselves and given away people's current and future retirement?


And for what its worth I enjoy reading your posts and comments as they do provoke additional thoughts...

[Gringo]

Government should only be big enough to do for the citizens that which they have chosen to pay government employees to do on their collective behalf.

In other words, government has no business being in the citizens' business, nor interfering with their personal lives or freedoms.

People who vote in the Democrats deserve what they have done to themselves, but the rest of us have a legitimate right to retribution for being unwillingly included in the results.

[Glenn W]

Government should only be big enough to do for the citizens that which they have chosen to pay government employees to do on their collective behalf.

In other words, government has no business being in the citizens' business, nor interfering with their personal lives or freedoms.

People who vote in the Democrats deserve what they have done to themselves, but the rest of us have a legitimate right to retribution for being unwillingly included in the results.

Careful my caribbean cowboy friend. This whole mess began under the watch and was spececifically proposed by the Republican predecessor to the current Democrat. No blaming a Democratic Congress either----- I don't know what was aired on the TV stations in the Islands, but I distinctly remember a Republican addressing the nation with a proposal to spend many a billion to "stimulate" and jump start the financial markets. Regarding your perceived "big government" mentality, numbers do not lie---- simply compare growth in spending under Republican watches (administrations) and Democratic watches and the picture is clear as to the big government of Republicans.
This menality of government spending and acting in haste is not a Democrat vs. Republican debate by any stretch, yet so many cannot crawl out from under their own political party rock they cannot see daylight, let alone the world around them.
Such absurd party driven comments are no better (or supportable) than the ridiculous blabbering of Pelosi and Frank.

[GALAZIO]

Come on Glenn... Lil' Bushie did nothing but toss a few bucks at a collapse he didn't want on his watch, BUT, the collapse started WAY before Lil' Bushie. Even you have to admit that. Many will say Clinton, others will say Bushie Sr... I say ALL of them have had marching orders and an agenda to socialize everyone except the "chosen few" for many administrations. Remove the wealth of the middle class, package them with the poor under social programs... and presto... no more REPUBLIC. The masses, in desperation, will accept any handouts... and those who know they got screwed will revolt... but the sheep will out number the patriots. They know this and have bet on it. I say "they" will loose.

We all know what Lil' Bushie was up to (other than DHS and Patriot Act BS which is a 100% attack on OUR freedoms): Vicente Fox admits that he and George W. Bush have ’agreed’ on common currency, North American Union

WEBWIRE – Wednesday, October 10, 2007
CONTACT INFORMATION
J. Abarbanel
Marketing Director
WND Books
310-961-4170
marketing@worldahead.com
Los Angeles, CA (Oct. 10, 2007) -- Speaking on the Larry King show, former Mexican President Vicente Fox confirmed every assertion made by Jerome Corsi in his new book, NY Times bestseller "The Late Great U.S.A: The Coming Merger with Mexico and Canada" (WND Books, ISBNs 0-9790451-4-2, $25.95, July 2007). Not only did Fox admit that he and George W. Bush have "agreed" to create a common currency, the Amero, he contended that a North American Union is "inevitable" That’s something that Jerry Corsi takes issue with while applauding Fox’s openness on national television.

"At last we have public confirmation of the pernicious secret activity that’s been going on towards merging Mexico, Canada and the United States" declares Corsi, whose book became a bestseller shortly after publication. "Personally, I’d like to thank Vincente Fox. His candor about this merger is what’s going to stop it dead in its tracks"

Corsi continues, "Fox’s appearance with Larry King and, of all places, on The Daily Show constitutes the first time a leader of Mexico, Canada or the U.S. has openly confirmed a plan to create a regional currency called the Amero -- a plan I document in detail in ’The Late Great U.S.A.’" Fox went on to explain how current regional trade agreements between the United States and its hopelessly corrupt neighbor to the south are intended to evolve into other previously hidden aspects of North American integration.

As reported in WorldNetDaily, Larry King, near the end of the broadcast, asked Fox a question e-mailed from a listener: "I would like to know how you feel about the possibility of having a Latin America united with one currency"

Fox answered in the affirmative, admitting he and George W. Bush had "agreed" to pursue the Free Trade Agreement of the Americas – a free-trade zone extending throughout the Western Hemisphere – and that part of the plan was to institute a regional currency from Canada to the tip of South America!

"Long term, very long term" he said. "What we proposed together, President Bush and myself, it’s ALCA, which is a trade union for all the Americas"

According to Corsi, Fox has indeed performed a public service. "George W. Bush is president of the United States, not king. He has utterly no right to enter into any such agreement with a foreign country, particularly a hostile one" During Fox’s tenure as Mexican president, millions of Mexicans entered the United States illegally. In Corsi’s view, this constitutes an invasion that has cost American taxpayers billions of dollars while destroying schools and bankrupting hospitals and municipal governments across the country…and is only a taste of what a merger would bring.

"Finally" says the author of "The Late Great U.S.A" "here is unequivocal proof, straight from the mouth of Mexico’s former president, that Bush’s goal is to erode United States sovereignty in order to create free movement for Mexico’s peasant class across our border, in the process flooding us with even more anchor babies and illiterates ready and willing to take advantage of our country’s all-too-generous welfare programs"

Mexico’s invasion of America can and must be stopped, but in order to do so, every citizen must rise up and demand an end to it. "George W. Bush has been bought lock, stock and barrel by the elite and multi-national corporations pushing for a merger with Mexico, but he has utterly no right under the Constitution to push for a merger of the U.S with Mexico or any other country"

Fox’s comments are part and parcel of Mexico’s ongoing campaign to destroy American sovereignty to its benefit. "Going by what Fox has said on national television, it’s clear that Mexico has declared war on the United States" Corsi asserts. "It’s the only way such words can be interpreted. Since Bush has no interest in protecting our interests, and since all too few legislators have stepped up to condemn a North American Union and shared currency, it’s up to we the people"

Thanks to Corsi’s book "The Late Great U.S.A" "more and more patriotic Americans are learning the truth about our ’good neighbor’ to the south, the one George W. Bush can’t do enough for at the expense of every American’s future. In just two unguarded interviews, Vincente Fox has confirmed every aspect of the ugly future that I’ve laid out in "The Late Great U.S.A" It’s past time we put a stop to his dream - and George W. Bush’s"

[Gringo]

I don't know what was aired on the TV stations in the Islands, .

Well, you got that part of it right, anyway.