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Posts Tagged ‘Moonbats’

Team Jackass™ does it again. Will they ever learn?

by Bob in Breckenridge ( 90 Comments › )
Filed under Barack Obama, Business, Democratic Party, Economy, government, History, Progressives at October 3rd, 2011 - 2:00 pm

The answer is no, they won’t. Is there anything on this planet more stupid and ignorant than liberals? I doubt it. Seriously. Ever notice that every single time these morons try to solve a problem, they end up making it worse, and in the end hurting those they’re “compassionately” trying to help? Me too.

Take, for instance, the Dodd/Frank act (I personally don’t want anything to do with any act that Barney Frank is involved in, but I digress), which included an amendment from Little Dick Durbin™, which was meant to keep all those mean and e-v-v-v-v-v-il banks from making too much profit at the expense of “the little guy” (I guess that’s you and I), by the capping the transaction fees that those mean and evil banks can charge retailers for accepting our debit and credit cards.

These debit/credit card fees are how I make a living, and have since 1986, so I do know what I’m talking about.

What this act was intended to do, was, in the end, save middle and lower income Americans money, by forcing those mean and evil banks to lower their fees. The (warning: oxymoron alert) libs’ thinking was that these lower fees would eventually trickle down to you and I by lowering the cost of what we buy, since the retailers would obviously pass on some of these savings to the unwashed masses (again, you and I).

Don’t you all feel warm and fuzzy knowing that these all-caring, compassionate libs are looking out for you? Me neither.

In the end (which is usually where those who these clowns try to help usually get it), it will end up costing us more money, and the banks will end up making more money. So it’s just another misguided liberal attempt meant to help us that will harm us. But that’s okay, since it’s their intentions that matter, not their results, which were obviously predictable.

In a nutshell, here’s how Visa/Mastercard processing works. Visa and Mastercard issue the cards to their member banks. They charge each bank a fee, which is called the interchange rate, every time their card is used by the bank’s customers. Then the issuing bank charges the merchant accepting the card a small fee called a discount rate to accept it. The total of these fees is usually less than two cents on the dollar, but with millions of transactions each day, it’s billions of dollars each year.

Forbes Magazine had a great article on this very subject, and how you and I end up getting screwed. Again, don’t you love all those caring, compassionate liberals?

Bank of America’s New $5 Debit Card Fee? Blame Dodd-Frank

The inevitable happened today. Bank of America said it will start charging customers a $5 monthly fee on debit card purchases.

Where’s this coming from? Well, anyone paying attention to the Durbin Amendment (which came out of the Dodd-Frank Act) as it was moving through Congress would have seen this fee coming. The Durbin Amendment essentially limits the amount of money banks collect from merchants, like Target for instance, each time you use your debit card there.

Back in June I said that that while placing a cap on those debit card fees might be great news for retailers it would be bad news for customers. Why? Because now that the Durbin Amendment goes into effect October 1 banks will have less money coming into their pockets from the retailers. Where do you think they are going to make up for that lost revenue? You got it–me and you.
Read: Cap On Debit Swipe Fees Will Hurt Consumers

That’s exactly what BofA is doing today with that $5 fee. It’s making up for lost revenue. A report from RBC Capital Markets estimated that banks will take an 80% hit to the fees they once collected from retailers. For a bank like JPMorgan Chase, which RBC says generated $537 million in fees from retailers in the 1Q 2011, that translates into a quarterly revenue loss of $430 million.

As much as I want to hate BofA (disclosure: I’m BofA customer by way of Fleet) for charging me $60 a year so I can deposit my scrappy journalist’s salary I can’t blame it for making the decision to do so.

BofA and every other major bank is simply making up for lost revenue that it would otherwise lose because of a new regulation stemming from Dodd-Frank.

Now, I’m no financial-regulations hater but nothing about the Durbin Amendment is good news for the consumers Dodd-Frank was trying to protect. I’d be singing a different tune if Senator Dick Durbin pushed for the cap on swipe fees for the sake of consumers but let’s face it–the Durbin amendment benefits no one except for retailers. It is completely infuriating (and probably shouldn’t be surprising) that one of the few rules to go into effect from the Dodd–Frank Wall Street Reform and Consumer Protection Act has nothing to do with protecting consumers.
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Congressman LTC (USA-ret) Allen West: Obama’s a Marxist, and is purposely destroying our economy

by Bob in Breckenridge ( 61 Comments › )
Filed under Academia, Anti-semitism, Barack Obama, Cult of Obama, Democratic Party, Economy, Elections 2012, government, History, Leftist-Islamic Alliance, Liberal Fascism, Misery Index, Multiculturalism, Political Correctness, Politics, Progressives, Socialism, Tranzis, unemployment, Unions, Unions at September 30th, 2011 - 8:30 am

I agree with everything Col. West (and Boortz) say…

Obama versus Alinsky
by Neal Boortz

Rep. Allen West said the other day that he believes Barack Obama is intentionally destroying our economy. He said, “It’s intentional because that’s who this President is. The President is a Marxist who believes in the separation of classes.”

Let’s talk about this idea that Obama may actually be engaged in a conscious attempt to damage the American economy? If so, there’s actually a manual for that! Complete step-by-step instructions on how to wreck a private capitalist economy. It was written by a Marxist named Sul Alinsky, and it’s titled “ Rules for Radicals.” The book is written as a manual “for the Have-Nots on how to take it away.” And to thicken the plot just a bit more … after The Community Organizer won the Democrat nomination in 2008, Saul Alinsky’s son wrote a letter to the editor bragging about how Barack Obama is the model for Alinsky organizing. Here’s your excerpt:

Barack Obama’s training in Chicago by the great community organizers is showing its effectiveness. It is an amazingly powerful format, and the method of my late father always works to get the message out and get the supporters on board. When executed meticulously and thoughtfully, it is a powerful strategy for initiating change and making it really happen. Obama learned his lesson well.

I am proud to see that my father’s model for organizing is being applied successfully beyond local community organizing to affect the Democratic campaign in 2008. It is a fine tribute to Saul Alinsky as we approach his 100th birthday.

L. DAVID ALINSKY (Anti-American POS- BiB)

If Obama is so well-versed in his organizing skills, why wouldn’t he be well-versed in other areas of Alinksy’s rules? After all, Obama supposedly taught Alinsky workshops while community organizing in Chicago. But let’s return to this concept that Allen West brought up of intentionally destroying our economy.

From Alinsky…

“The first step in community organization is community disorganization. The disruption of the present organization is the first step toward community organization. Present arrangements must be disorganized if they are to be displace by new patterns…. All change means disorganization of the old and organization of the new.”

Is this what Barack Obama meant when he said that we were just five days away from “fundamentally transforming the United States of America”? Obama’s current wealth envy campaign plays right into this concept of creating dissatisfaction and disorganization in order to then build an ideal community.

From Alinsky…

“An organizer must stir up dissatisfaction and discontent… He must create a mechanism that can drain off the underlying guilt for having accepted the previous situation for so long a time. Out of this mechanism, a new community organization arises….”

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Another Obungler Blunder: 20,000 portable surface to air missiles missing in Libya

by Bob in Breckenridge ( 79 Comments › )
Filed under Barack Obama, Breaking News, Democratic Party, History, Islamic Terrorism, Islamists, Jihad, Military, Politics, Taliban, Terrorism, Weapons at September 29th, 2011 - 11:30 am

I guess the words “unfit for ANY command” is a good way to describe this America-hating and dangerous imbecile in the White House.

Jan. 20, 2013 can’t get here soon enough for the sake of our country and the rest of the world.

And of course, the Obama-loving MSM, other than ABC News, to their immense credit, ignores this as they have every other blunder and scandal these incompetent lib dolts make or create on an almost-daily basis with their breathtakingly glaring ignorance.

OBAMA’S BLUNDER: 20,000 MISSING LIBYAN SURFACE TO AIR MISSILES

By Dick Morris And Eileen McGann

For twenty years – long before 9/11 – the danger of terrorists armed with surface to air missiles shooting at passenger planes has been the secret fear of many top political leaders. In the late 90s, a terrorist network was nabbed trying to bring them into Newark Airport, but the airline industry and the government have done nothing to equip passenger airplanes with any defense against these always deadly missiles.

Now Barack Obama has committed the ultimate sin: He has let 20,000 surface-to-air missiles escape from military depots in Libya. According to ABC News “U.S. officials had once thought there was little chance that terrorists could get their hands on many of the portable surface-to-air missiles that can bring down a commercial jet liner. But now that calculation is out the window, with officials at a recent secret White House meeting reporting that thousands of them have gone missing in Libya.” An estimated 20,000 of these “portable, heat-seeking missiles have gone missing from unguarded Army weapons warehouses.”

Senator Barbara Boxer (saying probably the first intelligent thing she’s ever said, I’ll add- BiB) , of the Senate’s Commerce, Energy, and Transportation Committee said that “matching up a terrorist with a shoulder-fired missile, that’s our worst nightmare.

And now, thanks to Obama’s carelessness and his unnecessary decision to intervene in Libya, it may be our future reality.

ABC News describes the missing missiles as “four to six-feet long and Russian-made, [they] can weight just 55 pounds with launcher.” They are accurate within a range of more than two miles. That a terrorist could sit on a boat off JFK airport and shoot down a passenger plane as it ascends could now be a real possibility.

In the Iraq War, during the run-up to the 2004 election, there were reports of unguarded US military depots from which insurgents allegedly stole thousands of explosives. The story broke in the week before the election and Kerry took down all his other ads and focused on this issue, first reported in the New York Times. By Election Day, it was proven that the report was bogus, adding to Kerry’s woes. Now, faced with this massive blunder and security threat, we hear nothing but the sounds of silence from any of the mainstream media except, to its immense credit, ABC News.

We need to assign a top priority to hunting down these missiles. In Afghanistan, our troops jumped through hoops to corral all the Stinger Missiles left over from the Russian War. This potential leak of these dangerous weapons is vastly more threatening. Obama needs to face this issue squarely and publicly. And we all need to learn the cost we may pay from having elected a rank amateur as president.

Nightmare in Libya: Thousands of Surface-to-Air Missiles Unaccounted For

The White House announced today it planned to expand a program to secure and destroy Libya’s huge stockpile of dangerous surface-to-air missiles, following an ABC News report that large numbers of them continue to be stolen from unguarded military warehouses.

Currently the U.S. State Department has one official on the ground in Libya, as well as five contractors who specialize in “explosive ordinance disposal”, all working with the rebel Transitional National Council to find the looted missiles, White House spokesperson Jay Carney told reporters.

“We expect to deploy additional personnel to assist the TNC as they expand efforts to secure conventional arms storage sites,” Carney said. “We’re obviously at a governmental level — both State Department and at the U.N. and elsewhere- working with the TNC on this.”

ABC News reported today U.S. officials and security experts were concerned some of the thousands of heat-seeking missiles could easily end up in the hands of al Qaeda or other terrorists groups, creating a threat to commercial airliners.

“Matching up a terrorist with a shoulder-fired missile, that’s our worst nightmare,” said Sen. Barbara Boxer, D.-California, a member of the Senate’s Commerce, Energy and Transportation Committee.

Though Libya had an estimated 20,000 man-portable surface-to-air missiles before the popular uprising began in February, Assistant Secretary of State Andrew Shapiro told ABC News today the government does not have a clear picture of how many missiles they’re trying to track down.

“We’re making great progress and we expect in the coming days and weeks we will have a much greater picture of how many are missing,” Shapiro said.

The missiles, four to six-feet long and Russian-made, can weigh just 55 pounds with launcher. They lock on to the heat generated by the engines of aircraft, can be fired from a vehicle or from a combatant’s shoulder, and are accurate and deadly at a range of more than two miles.

Peter Bouckaert of Human Rights Watch first warned about the problem after a trip to Libya six months ago. He took pictures of pickup truckloads of the missiles being carted off during another trip just a few weeks ago.

“I myself could have removed several hundred if I wanted to, and people can literally drive up with pickup trucks or even 18 wheelers and take away whatever they want,” said Bouckaert, HRW’s emergencies director. “Every time I arrive at one of these weapons facilities, the first thing we notice going missing is the surface-to-air missiles.”

he ease with which rebels and other unknown parties have snatched thousands of the missiles has raised alarms that the weapons could end up in the hands of al Qaeda, which is active in Libya.

“There certainly are dangerous groups operating in the region, and we’re very concerned that some of these weapons could end up in the wrong hands,” said Bouckaert.

“I think the probability of al Qaeda being able to smuggle some of the stinger-like missiles out of Libya is probably pretty high,” said Richard Clarke, former White House counterterrorism advisor and now a consultant to ABC News.

Tommy Vietor, spokesman for the National Security Council, told ABC News in a statement similar to Carney’s remarks that, “Since the beginning of the crisis, we have been actively engaged with our allies and partners to support Libya’s efforts to secure all conventional weapons stockpiles, including recover, control, and disposal of shoulder-fired anti-aircraft missiles.”

Boxer: U.S. Passenger Jets at Risk

Adding to the urgency is the fact that America’s passenger jets, like those of most countries, are sitting ducks, despite years of warning about the missile threat. Since the 1970s, according to the U.S. State Department, more than 40 civilian planes around the world have been hit by surface-to-air missiles. In 2003, Iraqi insurgents hit a DHL cargo plane with a missile in Baghdad. Though on fire, the plane was able to land safely. Four years later, militants knocked a Russian-built cargo plane out of the sky over Somalia, killing all 11 crew members.

Now there are calls in Congress to give jets that fly overseas the same protection military aircraft have.

“I think we should ensure that the wide-bodied planes all have this protection,” said Sen. Boxer, who first spoke to ABC News about the surface-to-air security threat in 2006. “And that’s a little more than 500 of these planes.”

Boxer sent a letter today to Secretary of Defense Leon Panetta and Secretary of Homeland Security Janet Napolitano urging the two to establish a joint program “to protect commercial aircraft from the threat of shoulder-fired missiles.”

According to Boxer, it would cost about a million dollars a plane for a system that has been installed and successfully tested over the last few years, directing a laser beam into the incoming missile.

“For us to sit idly by and not do anything when we could protect 2 billion passengers over the next 20 years [with] a relatively small amount of money [from] the Department of Defense, I think that’s malfeasance,” said Boxer. “I think that’s wrong.” And it could be more practical than trying to round up all the missing Libyan missiles.

“Once these missiles walk away from these facilities, they’re very difficult to get back, as the CIA realized in Afghanistan,” said Bouckaert.
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Signs of desperation: Obungler names battle-tested “Crisis manager” as deputy campaign chief

by Bob in Breckenridge ( 42 Comments › )
Filed under Barack Obama, Cult of Obama, Democratic Party, Elections 2012, Liberal Fascism, Politics, Progressives, Socialism, Tranzis at September 28th, 2011 - 5:00 pm

Seems the America-hating scumbag in the White House has finally admitted to herself (I say “herself” because no real man is a liberal) that there’s a “crisis” brewing for her and Sasquatch in 2012…Check out this group of libturd losers, including John F’ing (I served in Viet Nam) Kerry sitting there with a goofy smile crossing his fingers “hoping” that Obungler gets re-elected again. Ain’t gonna happen, Lurch, you scumbag.

Stephanie Cutter, one of the Democratic Party’s most battle-tested crisis managers, will leave the White House at the end of the year to move to Chicago as a deputy manager of President Barack Obama’s reelection campaign.

I’d post more of the story. but who the hell wants to read it? If you do here’s the link.