Secret No More
It is no secret that the relationship between President Obama and Wall Street has chilled. A striking measure of that is the latest campaign finance reports. Mitt Romney has raised far more money than Mr. Obama this year from the firms that have been among Wall Street’s top sources of donations for the two candidates. (NYT, 10/15/2011)
So one more time. Just to be clear. 2008. Dems the party of Wall Street. Obama the biggest recipient of Wall Street money.
Across the Universe
Across the nation, too, belief in man-made global warming, and passion about doing something to arrest climate change, is not what it was five years or so ago, when Al Gore’s movie had buzz and Elizabeth Kolbert’s book about climate change, “Field Notes From a Catastrophe,” was a best seller. The number of Americans who believe the earth is warming dropped to 59 percent last year from 79 percent in 2006, according to polling by the Pew Research Group. (NYT, 10/15/2011)
Once again we are reminded of the words of Ronaldus Maixmus: "The people usually get it right."
Volunteers
Republican lawmakers have introduced their own “Buffett Rule” that would allow billionaire investors like Warren Buffett who say they’re not paying enough taxes to voluntarily give more money to the federal government. (Foxnews.com, 10/15/2011)
We'll see if Buffett coughs up although we tend to doubt it. And a reminder for everyone out there that - business genius or not - Buffett is a Liberal Democrat.
Otherwise Occupied
Obama has been cautious in offering support for the "Occupy Wall Street" movement, which has turned sharply against corporate America, from which members of his own Cabinet came. (Foxnews.com, 10/17/2011)
Now hold on a second. First we learn that Obama was the largest recipient of money from Wall Street in 2008. Now we learn that his own Cabinet is made up of former Wall Streeters. It's enough to make RedStateVT take to the streets!
Effects
At that time he (Mortimer Zuckerman) supported Mr. Obama's call for heavy spending on infrastructure. "But if you look at the make-up of the stimulus program," says Mr. Zuckerman, "roughly half of it went to state and local municipalities, which is in effect to the municipal unions which are at the core of the Democratic Party." He adds that "the Republicans understood this" and it diminished the chances for bipartisan legislating. (WSJ, 10/15/2011)
RedStateVT has been beating this drum for all who would hear. The Obama/Dem nonsense about infrastructure spending is nothing more than a shill for rewarding their union supporters who will - in turn - funnel more campaign contributions back to them.
Bombs Away
During the health-care debate Washington insisted on treating CBO's cost estimates as if God Himself had carved them into stone tablets, but as Class's mercy killing shows all they proved was that Democrats were good at manipulating its assumptions and synthetic budget conventions. HHS's own experts were warning Democrats all along that Class was a fiscal time bomb, so including it in the bill was a special act of fiscal corruption. (WSJ, 10/15/2011)
So now - in fairness - Nancy Pelosi and Harry Reid are going to have to amend all of the comments that they made about the CBO and Obamacare.
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