Category Archives: Money

It Takes a Village Idiot

Hillary Clinton has been out plugging her new book for the past couple of weeks. It doesn’t seem to be helping much, as she is continually appearing to have a serious case of foot-in-mouth-disease. Sales for her book are not what was expected, and at one point, a book about a green smoothie cleanse was beating it on Amazon.

Clearly, American book lovers prefer regularity to more Clinton…stuff.

The interviews Clinton has been giving are an exercise in futility for anyone expecting to get to the truth about such pesky business as the terrorist attack in Benghazi or what exactly she did accomplish as a senator or the Secretary of State that makes her ready for the presidency. But they haven’t been without their belly-laughs either. She told ABC’s Diane Sawyer: “We came out of the White House not only dead broke, but in debt. We had no money when we got there, and we struggled to, you know piece together the resources for mortgages, for houses, for Chelsea’s education.”

Cue the world’s smallest violin. It must be really hard to “piece together” your life after living for 8 years, rent free, in a mansion owned by millions of people who will never get to live there. The truth is, the Clintons left office having to scrape by on Hillary’s $8 million advance for one of her other books, and both her husband and she make 6-figure speaking fees. They own an apartment in New York City, as well upscale homes in upstate New York and Washington, D.C. An article in the UK’s Daily Mail says that makes the Clintons the wealthiest former first family in American history.

But she kept up this “Working Everywoman” façade and stepped in it again over the weekend during an interview with The Guardian. In another awkward attempt to connect to the average American (who makes about $40,000 a year), she defends herself as not being “truly well off”.  When asked if her previous comments about being broke will hurt her with most Americans—because most Americans (even her fans) know she’s not had money problems for quite some time—she responded: “But they don’t see me as part of the problem. We pay ordinary income tax, unlike a lot of people who are truly well off, not to name names; and we’ve done it through dint of hard work.”

I wonder whose names she would be naming if she did name names? Mitt Romney? Perhaps Harry Reid’s favorite obsession, the “nefarious” Koch Brothers? During the 2012 Presidential Election, Reid did, in fact accuse Romney of not paying his taxes with no proof whatsoever to make such a claim. Hillary also infers that she and Bill worked so hard for their money- as if those who are “truly well off” don’t come by their money through hard work. She and other prominent democrats—most of whom are millionaires—are constantly trying to make us believe that rich folks (but not them) get rich by lying, cheating and oppressing everyone else…and taking “loopholes” in tax laws of course.

Proving that the apple doesn’t fall too far from the tree, Chelsea Clinton did an interview with another UK paper, The Telegraph. She talks about why she made so many career transitions before finally deciding to take a position with her parents’ foundation. She claims she tried to do something separate from her parents, but she just had to go where her passions led her, even pulling her own “poor girl from Arkansas” spiel: “I was curious if I could care about [money] on some fundamental level, and I couldn’t.”

Of course it’s very easy not to care about money when you’ve always had plenty of it. Her words would carry more weight if she didn’t live in a $10.5 million New York apartment, and took a train to work in Manhattan every day. Or even if she had continued working apart from her parents. But she knows what side her bread is buttered on. She’s seen her parents’ skills in becoming a fundraising political machine, and she wants to go into the family business. Even now, people are talking about Chelsea running for the senate, and one day, just maybe…

The Clintons will always claim to “feel your pain”, but all they really feel is entitled.

Cartoonist Gary Varvel: Hillary's "dead broke" comment

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Obamastein’s Monster

Flash back three years ago to the weeks before the 2008 election. This video surfaced of a woman from Florida.  This Obama supporter, who later became known only as “Peggy the Mooch”, unknowingly set the stage for the theme of the Obama presidency. When she said, “I won’t have to worry about putting gas in my car. I won’t have to worry about paying my mortgage. You know. If I help [Obama], he’s gonna help me.”, she became the poster child of the entitlement mentality. And many people followed suit.
I don’t know whatever happened to Peggy. If I had to make a guess, I’d say she’s probably still struggling even more now than she was three years ago. In spite of 3 years’ worth of stimulus boondoggles and bailouts for select groups (some student loan holders are the latest- more on that later), the economy continues to be unstable and unemployment remains high.
Now, there’s a whole movement full of people marching in the streets, occupying major cities, demanding their “fair share” of the good life that many of them seem to believe has been denied to them.  After years of indoctrination by left-wing teachers and professors, these young people- who came out in droves for Obama in 2008- look at life in America as an oppressive, unfair life where it’s impossible for the little guy to get ahead.
Forget that many of these people protesting are attending very elite northeastern schools and major in such things as women’s studies and the oppression of underdeveloped people.  They then graduate with no marketable skills in the real world, lots of debt,  and they can’t find a job. So they go on for more education, taking out more loans, and the cycle goes on.  They should try occupying reality and take their placards and mindless chants to the brick-lined lawns of their hallowed ivy-league schools that overcharge them for an education they have no place to use in the real world.
But, I digress. The Occupier’s recently-released list of demands reads like a Progressive/ Socialist/ Communist utopia that, when attempted in reality, leads to no good for the general population.
One of their demands, of course, is to have all student loan debt forgiven. As if on cue, Obama, again circumventing Congress, issued an executive order that will move up the timeline on changes to the student loan program that were part of Obamacare in 2010.
The plan is supposed to cap student loan repayment rates at ten percent of a debtor’s income (down from 15%), and will forgive the balance of the loan after 20 years (currently 25 years in Obamacare).
However, according to Daniel Indiviglio, associate editor of The Atlantic, the changes will unlikely have any effect on anyone over the age of 32. So if you’ve already been paying your loans off for 15 or 20 years, don’t get your hopes up. Nor will it do much to spur on the economy. Indiviglio states, “savings for the average student loan borrower would be between $4.50 and $7.75 per month.”

Way to get the economy going! But at least we know now what the going rate is for the votes of  the “Gimme Generation”.  Will this get them to the polls in 2012?  Time will tell.  But they aren’t called “O-bots”, “Obamatons” and “Obama Zombies” for nothing.
So go ahead kids…get your bachelors degree in basket weaving on the 8 or 10-year plan, then go on for your masters and Ph.D.’s.  If you stay in school long enough, you just might not have to pay anything!  Uncle Obama’s got your back.
Isn’t this just the kind of sense of responsibility and work ethic that we want from the leaders of tomorrow?   SCARY!!!!

While You Were Sleeping

“Whenever destroyers appear among men, they start by destroying money. For money is men’s protection and the base of a moral existence.”—Ayn Rand, Atlas Shrugged

As surely as summer brings heat and humidity, you can always know when a long holiday weekend is coming. When our normally time-conscious, long-vacation-taking politicians in Washington stay at work until 5:30 on a Friday morning, it can only mean one thing: they’ll soon have another regulation-heavy, government-empowering piece of mega-legislation for the dictator-in-chief to sign. Legislation that the thieves in DC have neither read, nor would they understand it if they did. Remember, it’s all about change—fast and furious change, without knowing what we’re changing to.

In fact, as the 2,000 page financial overhaul bill makes its way through congress, we get more of the same old thing from these people, who are supposed to work for us. Just as Nancy Pelosi gave us this gem about the health care bill: “We have to pass it so that we can know what is in it”, we get this from one of the financial bill’s central architects, Senator Chris Dodd: “No one will know until this is actually in place how it works.”

So, the message we get time and time again is, “Just trust us. We have no idea what we’re doing, but it won’t matter to us since it won’t affect us anyway, and by the time you realize how it affects you, you will already have re-elected us.”

Make no mistake, this financial overhaul will affect pretty much all of us, as even Senator Dodd admits: “This is about as important as it gets, because it deals with every single aspect of our lives.” If you believe this has anything to do with “getting even” with Wall Street or punishing big banks on behalf of all the little people for the financial meltdown a couple of years ago, you still have your head in the sand.

According to the Wall Street Journal, this legislation “would redraw how money flows through the U.S. economy, from the way people borrow money to the way banks structure complicated products like derivatives. It could touch every person who has a bank account or uses a credit card.” It also goes on to say that government-controlled Fannie Mae and Freddie Mac, two Government Sponsored Enterprises that contributed to the financial meltdown, will remain untouched by the new regulations, so will remain a “multibillion dollar drain on the U.S. Treasury.”

Public opinion, shaped largely from the mainstream media, seems to still favor the idea that big banks, George W. Bush and Wall Street are solely to blame for our nation’s financial problems. The facts don’t bear that out. While there’s no shortage of blame to go around, regulators in the Bush administration warned years ago that Freddie Mac and Fannie Mae were headed for a collapse that would have a devastating effect on our economy. Watch a timeline of those events here to see who was involved in claiming that Fannie and Freddie were financially sound—nothing to see here, folks!

With the death of Senator Robert Byrd this week, who would have voted for the financial bill, the fate of it in the Senate is uncertain. Never under-estimate the will of Harry Reid, Chris Dodd and Barney Frank. These 3 power-hungry senators (at least two of whom should probably be behind bars), will no doubt find the votes they need, either from weak-willed Democrats or progressive Republicans who want to have nice things said about them on the nightly news programs.

…and it will all happen behind closed doors, probably late at night, maybe on a weekend. It may not be ready for the president’s signature by July 4th, as they had hoped. But it will be ready. All it takes is a little arm twisting here, a big payoff there.

Anyone who votes this November for an incumbent with a D behind their name, or an R that might as well be a D, will have no reason to complain when their taxes go up, their energy prices increase, their free checking account is no longer free, or they lose their health care plans. Because they, like those they keep in power, are part of the problem.