Category Archives: bailout
Real Scandal
Politico had over 90 stories last week about the Herman Cain sexual harassment allegations. It’s still unclear just what is being alleged but it doesn’t appear to include pulling down his pants and ordering a subordinate to “kiss it”. That would be the charge against President Bill Clinton from about the same era.
Oddly, women’s groups swarmed to the defense of the “lovable rogue” and, after being impeached, he weathered the storm – minus his Arkansas law license.
None of us, however (at least not the 99%), weathered the storm caused by another scandal with racial overtones. Paul Sperry reported in IBD, how Clinton pressured financial institutions to make home loans to the un-creditworthy. Meanwhile, MSN Money quotes David Weidner, of Marketwatch, saying Clinton’s biggest mistake was the repeal of Glass-Steagall.
Business Week reported this week that, after stating a $4.4 billion loss for the third quarter, Freddie Mac will seek an additional 6 billion dollar bail-out from taxpayers.
Stuck on the Tarmac
More than 200 JetBlue passengers were stranded on the tarmac for 7 hours on Saturday. The Boeing plant in South Carolina has been sitting on the tarmac since April. Pelosi thinks it should stay that way until its workers un-decertify their union.
Private Sector Doing Just Fine Until the Rape and Murder Begins
Unable to push Obama’s jobs bill though the Senate, Democrats shoved it through the chipper instead and hope to pass it piece by piece. Wednesday’s piece was money for the public sector. Harry Reid said this is important because “the private sector is doing just fine“. Joe Biden deflected heat from Harry’s howler by threatening murder and rape if we don’t pass this piece of… legislation right away.
Here are some job numbers since Dec 2007 from IBD: private sector – 5.4%, public sector at all levels – 1.75%, public sector federal level +2.29%. Also, Bloomberg reports the average federal salary in Washington, DC is $126,000.
One Percent Pander
In an ABC interview with Jake Tapper last night, Obama reached out to the Occupy Wall Street crowd and called for a more “egalitarian” society.
No word yet on a bail-out for Wall Street’s investment in Obama.
Update: It turns out the president is still raking The Street.
