Showing posts with label senate. Show all posts
Showing posts with label senate. Show all posts

Thursday, May 26, 2011

Obama Budget Voted Down; 97-0


The Hill:

The Senate voted unanimously on Wednesday to reject a $3.7 trillion budget plan that President Obama sent to Capitol Hill in February.

Ninety-seven senators voted against a motion to take it up.

Democratic aides said ahead of the vote that the Democratic caucus would not support the plan because it has been supplanted by the deficit-reduction plan Obama outlined at a speech at George Washington University in April.

So, the Senate leadership is kicking its constitutional duties over to the executive branch based on another platitudinous Obama speech that negated his own budget presented two months earlier. Let me repeat that Democrat's have not allowed a budget to pass in over two years and counting. That's change you can believe in!

The Democrat party has backed itself into a corner as it has moved so far left that any plan to the right of the extreme People’s Budget presented in April by the radical Congressional Progressive Caucus will get no real support from the base. That’s the only Democrat plan that’s been presented and even though it was dead on arrival, the People’s Budget (Read Here) was received favorably by a significant number of Democrats and members of the Media.

But that budget - dripping with Marxist anger - was too honest about the left’s intentions and is so politically toxic and economically insane that it makes any PR problems with Ryan’s plan look insignificant by comparison. Democrats know they can’t put together any major plan that will get party support and wont send voters running to the GOP alternative.

Republican’s need to realize they’re in a good position here if they take their last chance to grow a set and take an unequivocal stand. If not now, when? Ryan, and now, Pawlenty, are leading and treating Americans like adults who have to make hard choices. It remains to be seen if the rest of the party will follow.

Thursday, August 21, 2008

Schumer's Role in Bank Failure Probed

A group of former IndyMac employees are asking the California AG to investigate Chuck Schumer's publicity stunt that sunk the troubled bank and destroyed any chance it may have had for survival:

WASHINGTON (Reuters) - California's attorney general is reviewing a request by
former employees of IndyMac Bancorp Inc to investigate whether a New York senator
triggered the bank's collapse by releasing confidential information.


Schumer defended himself at the time by saying:

"The regulator here was asleep at the switch," Schumer said then at a news conference. "The
administration is doing what they always do, blaming the fire on the person who
called 9-1-1."


No, Chuck. You screamed "Fire!" in a crowded theater and caused a panic rather than allow an orderly evacuation. Then you poured gas on whatever fire there was in order to show everyone how right you were.

Their anger centers around a letter Schumer sent to federal regulators June 26 expressing
concern that IndyMac
"may have serious problems with its current loan holdings and could face a
failure if prescriptive measures are not taken quickly."

In the 11 days that followed, IndyMac Bancorp Inc. depositors made a run on the bank,
withdrawing more than $1.3billion from their accounts.


As usual, Schumer was more concerned with his own massive ego than the bank, its employees or depositors. Otherwise, what was the point of publicising the letter?

Schumer spokesman Brian Fallon questioned
the motivation behind the letter.
"It certainly raises eyebrows that the firm
promoting this letter is the same outfit that fueled the Swift Boat attacks and
does work for the RNC," Fallon said.


Talk about blaming the messenger! How about addressing the facts? The fact is that this was typical Schumer recklessness. IndyMac was just the latest casualty of the most shameless and self centered jerk in congress. And that's saying a lot.