Political Critic Archives - May 2009

 

Archives - May 2009

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Sunday, May 31, 2009 - 8:35pm

Republicans Praise Sotomayor

It looks like the GOP has turned over a new leaf on Supreme Court nominee Sonia Sotomayor.  Senators Lindsey Graham (R-SC), Jeff Sessions (R-AL), and Mitch McConnell (R-KY) all made painstaking efforts to tone down the rhetoric of their conservative colleagues.

Republican politicians have realized that standing in opposition to the first Hispanic woman to be on the Supreme Court would be a disastrous political move.  Hispanic voters are the fastest growing segment of the population in America.  The GOP will need them if they ever plan on winning another election.

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Saturday, May 30, 2009 - 10:15pm

GM Bankruptcy Looms

The government is finally letting General Motors file for bankruptcy on Monday.  This decision should've happened a long time ago, but Congress and the Obama administration have been meddling into the auto industry for months now.

Bankruptcy filing is a strategic move that gives American companies the opportunity to terminate existing contracts in order to restructure.  In GM's case, they would throw out all their contracts with dealerships and unions.

The reason General Motors couldn't execute that strategy is because the Obama government wanted to protect their union cronies.  That is why you've seen negotiations with the United Auto Workers (UAW) union ahead of the bankruptcy. 

None of this was necessary.  If the government had stayed out of it, GM and Chrysler would emerge from bankruptcy much stronger in the coming years as they would be able to match the labor costs of their competitors.  Thanks to President Obama, the car companies will continue to have with many of the same problems.

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Wednesday, May 27, 2009 - 11:25pm

Perfect Political Move

President Obama has selected Sonia Sotomayor, a Hispanic woman, to be the next Supreme Court Justice.  Although she appears to be a racist here and here, Republicans may do more harm than good if they protest her nomination. 

If the GOP attempts to block her appointment, they will further anger the Hispanic community, a voting block they desperately need in the future.  If Republicans hold their fire, President Obama will have succeeded in appointing the first Hispanic to the highest court in the land, thus solidifying his standing among that very important demographic.

This is purely a political move that helps Obama and his fellow Democrats tighten their grip on power.  Control all the minority classes and they will continue to win elections.

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Monday, May 25, 2009 - 1:45am

North Korea Conducts Another Nuclear Test

The North Koreans conducted a second underground nuclear test today after launching a missile less than two months ago.  The regime appears to be ignoring concerns expressed by other developed nations to halt their experiments with nuclear weapons.

Sooner or later, North Korea is going to figure out how to develop a functional long-range nuclear weapon.  Therefore, we need President Obama and other world leaders to address this issue before it gets much worse.

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Tuesday, May 19, 2009 - 10:00pm

Flimsy Credit Card Bill

The Senate just passed one of the weakest, most watered-down bills I have ever seen.  The credit card bill does nothing to protect American consumers.  It doesn't cap interest rates that card companies can charge and does little to restrict excessive fees.

President Obama and the clowns in the Senate are making a big deal out of this legislation, but it is a joke.  Credit card companies will easily find different ways to drain the bank accounts of their customers.

There is also a provision within the bill that allows people to carry guns into national parks. Yes, you read that correctly.  As if gun rights are the least bit related to credit card issues.  Perhaps we should be taking the CEO's of these credit card firms on a vacation to the national park to tell them what we really think of their business practices.

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Monday, May 18, 2009 - 10:25pm

U.S. Pushes Two-State "Solution"

President Obama met with Israeli Prime Minister Benjamin Netanyahu today to discuss the peace process with the Palestinians.  The president is pushing not only for a Palestinian state, but also for Israel to stop building illegal settlements on the West Bank.

This is obviously a very contentious issue in the United States and around the globe.  While I generally agree with the president's stance, it will be extremely difficult to get Netanyahu to concur.  The president will eventually need to take a hard-line if he truly wants this to happen.

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Sunday, May 17, 2009 - 11:18am

GOP Directs Fire at Pelosi

I find it funny that Republicans are coming after Nancy Pelosi about the use of torture by the Bush administration.  After all, these are the same conservatives who condoned torture by Bush and Cheney for eight years. 

Suddenly they're upset that Pelosi also closed her eyes to the practice.  Give me a break.

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Thursday, May 14, 2009 - 9:15pm

Down Go the Dealerships

See, this is why bankruptcy is a good thing.  In bankruptcy (or the threat of one), an insolvent firm can renegotiate previously written contracts.  Such is the case with Chrysler, who had unbearable contracts with thousands of dealerships across the country.  Now Chrysler will be able to close 789 dealerships and become a leaner company.

Next up is General Motors.  They are expected to file bankruptcy soon and shut down nearly 2,600 dealers.  Without a looming bankruptcy, they would face enormous resistance from both the state and each individual shop.

Although the cuts are painful for employees at these dealers, it is a necessary step to ensure the future viability of GM and Chrysler.

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Wednesday, May 13, 2009 - 8:55pm

Administration Interfering With Bank Pay

President Obama is now attempting to control compensation programs within the financial industry.  The administration wants to specifically limit wages in the private sector where the pay impacts the bank's "safety and soundness".  Of course, that generic description is completely subjective and would allow the government carte blanche to do whatever they like.

Regrettably, the Obama administration is again intruding where they don't belong.  Perhaps the president ought to concentrate on balancing the federal budget rather than telling other firms how they should spend their money.

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Monday, May 11, 2009 - 7:35pm

Budget Deficit Grows to $1.8 Trillion

The Congressional Budget Office has updated their estimate on the size of the federal deficit in 2009.  They are now expecting $1.8 trillion this year and $1.4 trillion in 2010.  An additional $89 billion was added to account for payouts to people who have lost jobs and companies that are making less money.  The projected deficit is four times higher than 2008's deficit!!!

That makes the $100 million in spending cuts President Obama announced a few weeks ago look rather pathetic.

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Sunday, May 10, 2009 - 11:09pm

Obama Does Stand-Up

Nothing beats Stephen Colbert's roasting of George W. Bush at a previous correspondent's dinner, but President Barack Obama impresses with his own comedy routine.

 

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Thursday, May 7, 2009 - 9:25pm

A Massive Budget Cut of 0.5%

Wow!  I am impressed!  The Obama administration has come out with a proposal to cut a whopping $17 billion from the federal budget.  Although that may sound like a lot of money, it is less than 1% of the budget and only 1.2% of the deficit.

Of course, President Obama went in front of the cameras to boast about these fractional cuts. He declared the reductions "a lot of money" and claimed that they add up.  Yeah right!

The good president failed to mention that the government is spending $1.4 trillion more than they bring in every year.  A cut of $17 billion won't even dent a budget deficit that enormous.

When Obama reduces spending deep enough to balance the budget, then he can call a press conference and brag.  Until then, he can save us all the hot air.

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Monday, May 4, 2009 - 9:10pm

Obama to Raise Corporate Taxes

The president has forgotten the most basic rule of economics:  you never raise taxes during a recession!  President Obama has decided that now would be a great time to propose closing corporate tax loopholes that exist in the Cayman Islands and elsewhere.

While eliminating these tax havens may be wise, it is a terrible decision to enact the change during a deep recession.  No matter what we think of these loopholes, the effect is still an increase in corporate taxes. 

Higher taxes on corporations lead to lower profits and more job cuts.  The last thing we need right now is more people looking for work.

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Sunday, May 3, 2009 - 12:50pm

Swine Flu Spin

The mainstream media continues to scare the public into believing the swine flu is some massive contagion, despite all evidence to the contrary.

Every year over 30,000 people die in America from the regular flu.  Only one person has passed away in the U.S. from the swine flu virus.  However, if you watched the media coverage, you would think millions of people were infected and at death's doorstep.

One of these days we're going to hold the braindead media accountable for their egregious behavior.  This time they have invented an epidemic.  What will they think of next?

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