CBS News is reporting: Special Inspector General for TARP (aka "SIG TARP") Neil Barofsky said something we've all known for a while: the government gave away the farm when AIG failed.The SIG TARP report noted that "structure and effect of the FRBNY's [Federal Reserve Bank of NY] assistance to AIG ... effectively transferred tens of billions of dollars of cash from the government to AIG's counterparties."Barofsky seems to be one of the few officials that has to tell us what we already know: TARP is "almost certainly going to be a loss" for taxpayers and Geithner rolled over for Wall Street in the AIG negotiations.
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Michelle Malkin writes: President Obama traveled all the way to China to praise the free flow of information. It's the only safe place he could do so without getting heckled. With a straight face, Obama lauded political dissent and told Chinese students he welcomed unfettered criticism in America. Fierce opposition, he said, made him "a better leader because it forces me to hear opinions that I don't want to hear." How do you say "You lie!" in Mandarin?
For instance: Most recently, two EPA lawyers critical of the "fatally flawed" cap-and-trade system -- peddled by their agency, the White House and the Democratic majority -- were told by their superiors to yank a video they posted to YouTube explaining their views. Despite including a caveat that the opinions expressed were their own and not the agency's, the couple faces possible disciplinary action by the feds. While demanding the video be yanked, the EPA disingenuously claims it tolerates all dissenting views of its employees.
The clampdown follows on the heels of the Obama EPA's stifling of veteran researcher Alan Carlin's dissent. He dared to challenge the agency's reliance on outdated data to support its greenhouse gas "public endangerment" finding. Carlin's report was squelched; his office is now on the chopping block.
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Andrew Tallman opines: That’s why I’ve been so shocked at the widespread assertion that a national mandate requiring individuals to carry health insurance is legitimate (and even Constitutional) because we already require everyone to purchase auto insurance. There’s just one small error this idea seems to forget: the federal government does not actually have a law requiring individual drivers to carry such insurance. Only states do. [But let's not sweat the details....]
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The British government said Sunday that Prime Minister Gordon Brown would apologize for child migrant programs that sent boys and girls as young as 3 to Australia, Canada and other former colonies. Many ended up in institutions where they were physically and sexually abused, or were sent to work as farm laborers.
Australian Prime Minister Kevin Rudd will offer his own apology Monday to the child migrants, as well as to the "forgotten Australians," children who suffered in state care during the last century.
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Glenn Beck reports that as part of the Obama health care plan, we the American citizens will be responsible for paying the pension fund of none other than SEIU! It is no wonder they support Barack Obama, whom they helped elect. In face, it has been reported by Obama that before he address ANY issue of importance, he consults the President of SEIU, the most frequent visitor to the White House since the election.
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Noel Sheppard reports: World leaders meeting in Singapore have decided to punt on reaching any firm agreement at next month's global warming conference in Copenhagen . The decision represents a huge setback to the Obama administration's goal of passing a cap and trade bill this year, which conversely is great news for virtually every company in America that has been worried about the higher cost of doing business that would come from the enactment of such legislation. [Obama is widely seen as a failure for not producing America's agreement to pass the bill].
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An Iowa congressman is questioning the timing of the sudden resignation of a controversial Obama administration official, whose husband has had close ties to ACORN and has recently been named President Obama's White House counsel.
Politics and Government has this to say of Anita Dunn"s resignation:
Congressman Steve King (R-Iowa) thinks it is curious that Dunn abruptly resigned from her White House post, just four days after Louisiana Attorney General Buddy Caldwell raided ACORN's national office, seizing paper records and computer hard drives.
He says Dunn's husband, Robert Bauer, has been a staunch defender of ACORN. King believes that as the newly named White House counsel, Bauer will be in a position to help President Obama erase his ties to ACORN.
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The Los Angeles Times has posted the following:
Chicago politics, where voting is such a revered civic duty that people do it even after they're dead, cold, stiff, stuffed, boxed and buried beneath the permafrost for years, has now come to D.C. with the Obama administration.
This afternoon comes the most encouraging economic news, courtesy of our keen-eyed buddy Rick Klein over at ABC, that the Obama administration's $787-billion economic stimulus has, for example, thankfully created 30 new jobs in a little-known rural corner of Arizona at a cost to American taxpayers of only $761,420.
That works out to only $25,380.67 spent to create each individual job.
Seems like a lot per slot, but those 30 folks must be happy to be employed again and paying taxes.
So the people of that 15th Congressional District in staunchly Republican Arizona should be pretty happy about this.
Trouble is, there is no 15th Congressional District in Arizona. None. Nada. Zip. Zero. Doesn't exist. Not in Arizona. Not even on paper at the Democratic National Committee. There are only eight. Period.
But the administration's much-vaunted recovery.gov website reported these jobs as being created there.
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