Day: October 4, 2010

Sharron Angle Slams Republicans For Losing ‘Their Principles,’ Says She’s ‘Not Sure’ If She Can Win

Huffington Post

Republican candidate Sharron Angle privately took aim at the GOP establishment and expressed doubt over her ability to win Nevada’s Senate race last week in a closed-door meeting, Jon Ralston at the Las Vegas Sun reports.

During a discussion with the other conservative Senate candidate Jon Scott Ashjian — who will appear on the Nevada’s ballot with the affiliation “Tea Party” next to his name — and Tea Party of Nevada Chairman Sid James, Angle criticized the integrity of Republicans and establishment efforts to direct the trajectory of her campaign.

“The Republicans have lost their standards, they’ve lost their principles,” charged Angle in a thirty-eight minute audio recording obtained by the Sun. “Really that’s why the machine in the Republican Party is fighting against me… They have never really gone along with lower taxes and less government.”

The GOP hopeful went on to address the tense relationship that has evolved between herself and the Republican establishment.

“The one thing you said about the machinery that has endorsed me, they have no choice,” she told Ashjian of her campaign against Senate Majority Leader Harry Reid. Angle suggested she reluctantly accepted the support because she understands “third parties can’t get traction,” but it has nonetheless been problematic for her political operation.

“You gotta get my armor off and let me pick up this sling,” she said drawing a comparison between her fight and that of David and Goliath. “That’s exactly where I am right now, is trying to get them to leave me alone for long enough so I can get my sling and go after this guy. There are just these issues.”

Angle asserted that Republicans on Capitol Hill don’t want her “back there.” She explained, “They know I’ll shake this mess up” and added that “there was no one more shocked than they were when I won that primary. When I went back to Washington, DC, they were still moaning and groaning and weeping and gnashing teeth over [defeated primary candidate] Sue Lowden…I said I am what ya got, this is it.”    Continue reading…

For those remarks and more, click here.

Under Obama $700B TARP to cost less than $70B

You won’t hear about this on Fox news or on the right-wing blogs…

TARP bill likely to be fraction of initial forecast - Investment News

Solid returns on investments means taxpayers will be stuck for $70B – not $700B; ‘most useful federal program that has ever been despised by public’

Bailed-out banks, insurers, and automakers are a sore spot for millions of Americans hit hard by the financial crisis. Candidates running in November, especially those waving the Tea Party banner, are using “no more bailouts” as their mantra to attract voters. Yet there’s a disconnect between the political rhetoric and the facts on the ground.

The U.S. Treasury Department’s investments in banks through the Troubled Asset Relief Program have done surprisingly well, Bloomberg Businessweek reports in its Oct. 4 issue. Lower-than- expected losses on auto and insurance company rescues, as well as the financial markets’ return to strength, mean the $700 billion rescue plan launched in October 2008 will cost less than one-tenth its initial price tag.

“The TARP may well be the best and most useful federal program that has ever been despised by the public,” says Douglas J. Elliott, a fellow at the Brookings Institution and a former JPMorgan Chase managing director.

The Treasury Department

Image by afagen via Flickr

 

 

As Treasury gets ready to shut down the spending phase of the TARP program on Oct. 3, it now expects to turn a $16 billion profit on the $250 billion it plowed into banks in 2008 and 2009. And TARP’s final price tag is expected to be about $50 billion, according to an Obama Administration official.

Read more…

Paladino Took Government Tax Break By Pledging To Deliver Jobs, But Instead Pocketed The Money

This man will not win the gubernatorial election in NYC on November 4, 2010.  He’s got too much baggage.  This latest revelation is just one of a string of unsavory actions by Mr. Paladino…

Think Progress 

An investigation by the New York Daily News finds that New York GOP gubernatorial candidate Carl Paladino, a multi-millionaire real estate developer, promised to revive the economy of Buffalo by creating new jobs, received $3 million in state tax breaks to do so, but then pocketed the tax refunds while delivering very few jobs:

A Daily News probe found Paladino’s companies netted $3 million in tax breaks through a program called the Empire Zones – while producing a grand total of 25 new jobs.

To justify tax breaks in one instance, he sold a dozen vacant lots he owned to himself and claimed hundreds of thousands of dollars in “real property investments.” Seven years later, these “investments” remain what they were – vacant lots.

His Empire Zone investments consisted mostly of renovating his own buildings – $19 million worth. He completed no new construction and brought no new businesses in any of his Empire Zone projects.

Instead, the Paladino companies such as the Ellicott Group mostly generate income through six big office buildings that collect millions of dollars in rent.

Ironically, Paladino claims his campaign is standing up for taxpayers. For instance, he wants to slash the state’s Medicaid spending by almost half because, he said, New York invites anyone to “come here and sit on the backs of our taxpayers.”

Speaking before New York business leaders this past week, Paladino pledged to cut taxes for the rich, including across-the-board cuts in corporate franchise taxes. “I will provide businesses relief from the onerous taxes and regulations strangling them today,” Paladino said. “I’m going to make our businesses competitive again.” But his own experience suggests that cutting taxes for the wealthiest is hardly the best way to jump-start the economy.

One of Paladino’s properties lost its Empire Zone tax credits during a state review last year, “with the state arguing the property did not create enough jobs to justify the tax breaks.” Perhaps the taxpayers should be telling Paladino: “Don’t tread on me.”

Eddie Long, Atlanta Bishop Accused Of Sexually Abusing Young Men, Says He’s Not Going Anywhere

Huffington Post

A megachurch pastor accused of luring four young men into sexual relationships said Sunday that he won’t be pulled into a street fight over the allegations and vowed that his faith has been strengthened.

Bishop Eddie Long did not directly mention the accusations to thousands of cheering supporters during services at New Birth Missionary Baptist Church in suburban Lithonia. But his remarks seemed directly addressed to his accusers.

“In times of challenge, there are several things that come out. Your faith will be strengthened or weakened,” he said, to growing applause. “My faith is being strengthened.”

Long told supporters at New Birth Missionary Baptist Church that he is “not going to be pulled into a street fight” and that he doesn’t hate anyone. But he directed his listeners to turn to a passage in the Book of Job that read: “Those who hate you will be clothed with shame, and the tent of the wicked will be no more.”

As his devoted flock cheered, Long joked that he accidentally led them to the wrong page. “That was the Holy Ghost,” he said, flashing a smile as the sanctuary echoed with laughter.

Long’s more than hour-long sermon was greeted with thunderous applause and adoration. Several thousand parishioners flocked to the suburban Atlanta complex for the 8 a.m. service, and cars snaked in traffic for miles after it was over.

Long became one of the nation’s most powerful church leaders over the past two decades, transforming a suburban Atlanta congregation of 150 into a powerhouse of 25,000 members that includes high-profile athletes, entertainers and politicians.

The bishop is a father of four who has been an outspoken opponent of gay marriage and whose church has counseled gay members to become straight. But the TV preacher’s empire was threatened last month when the four men filed a civil lawsuit claiming Long abused his spiritual authority to lure them into a sexual relationship.

Two of the young men say he targeted them after they enrolled in the church’s LongFellows Youth Academy, a program that taught teens about sexual, physical and financial discipline. The other two – one of whom attended a satellite church in Charlotte, N.C. – have made similar claims.

The men say they were 17 or 18 when the relationships began. Local and state authorities have declined to investigate because Georgia’s age of consent is 16.

Long has not addressed the accusations directly, but promised Sunday that he would not let his legal troubles prevent him or his church from doing its work.

“I ain’t going to stop living,” he said amid more applause.

HuffPost “Sanity Bus” Official Sign-Up Form Link

This is a rally to look forward to.  Arianna Huffington is offering free transportation to Washington, DC.  Link below.

Huffington Post

As Arianna promised on the Daily Show, the Huffington Post will be providing round-trip transportation from New York to Washington for all those who need a ride to Jon Stewart’s Rally to Restore Sanity on Saturday, October 30th in D.C.. The buses will leave New York early Saturday morning and return late Saturday night. Specific details on the exact departure time and location of the HuffPost Sanity Buses will be sent by October 20th. Below is the official sign-up form. Before filling out the form, please read the essential info about the HuffPost Sanity Bus, and our legal liability waiver. Signing the form and checking the legal waiver box will reserve you a seat on the HuffPost Sanity Bus. Please read the following carefully:

 INFO:

1. Each person riding on the HuffPost Sanity Bus must fill out his/her own individual sign-up form below. If you are planning to travel to DC with a group, each member of the group must sign up separately.

2. The deadline for sign-ups is Friday, October 8th 2010.

3. You must be at least 18 years old as of the date of the Event, or traveling under the care and supervision of somebody who is at least 18 years old to ride on the HuffPost Sanity Bus.

4. Alcohol and illegal drugs are not allowed on the buses.

5. If you have any special needs or disabilities, please let us know by emailing sanitybus@huffingtonpost.com.

6. In the lead-up to October 30, we’ll be relying on social media to stay in touch with you about the rally. Updates, contests and promotions will follow — so, if you haven’t already, follow us on Facebook and Twitter!

Sign up here…

The Very Useful Idiocy of Christine O’Donnell

New York Times – Frank Rich

ALL it took was some 30,000 Republican primary voters in a tiny state to turn Christine O’Donnell into the brightest all-American media meteor since Balloon Boy. For embattled liberals, not to mention the axis of Comedy Central, “Saturday Night Live” and Bill Maher, she’s been pure comic gold for weeks: a bottomless trove of bald-faced lies, radical views and sheer wackiness. True, other American politicians have dismissed evolution as a myth. Some may even have denied joining a coven. But history will always remember her for taking a fearless stand against masturbation, the one national pastime with more fans than baseball.

Yet those laughing now may not have the last laugh in November. O’Donnell’s timely ascent in the election season’s final lap may well prove a godsend for the G.O.P.

At first some Republicans had trouble figuring this out. On primary eve, a spokesman for the National Republican Senatorial Committee badmouthed O’Donnell’s “disturbing pattern of dishonest behavior.” On election night, Karl Rove belittled her “nutty” pronouncements and “checkered background” on Fox News. But by the morning after, bygones were bygones. The senatorial committee’s chairman, John Cornyn, rewarded O’Donnell’s “dishonest behavior” with an enthusiastic endorsement and a big check. A sweaty Rove reversed himself so fast you’d think he’d been forced to stay up all night listening to Glenn Beck’s greatest hits at top volume in a Roger Ailes re-education camp.

Rove’s flip-flop was no doubt hastened by his own cohort’s assaults on both his ideological purity and masculinity. The blogger Michelle Malkin labeled him an “effete sore loser,” and Sarah Palin publicly instructed him to “buck up.” But surely the larger motive for his retreat was the dawning recognition of just how valuable O’Donnell is to the G.O.P.’s national aspirations in November — even should she ultimately lose her own race in blue Delaware. Whatever her other talents, she’s more than willing to play the role of useful idiot for her party. She gives populist cover to the billionaires and corporate interests that have been steadily annexing the Tea Party movement and busily plotting to cash in their chips if the G.O.P. prevails.

While O’Donnell’s résumé has proved largely fictional, one crucial biographical plotline is true: She has had trouble finding a job, holding on to a home and paying her taxes. In this, at least, she is like many Americans in the Great Recession, including the angry claque that found its voice in the Tea Party. For a G.O.P. that is even more in thrall to big money than the Democrats, she couldn’t be a more perfect decoy.

By latching on to O’Donnell’s growing presence, the Rove-Boehner-McConnell establishment can claim it represents struggling middle-class Tea Partiers rather than Wall Street potentates and corporate titans. O’Donnell’s value is the same as that other useful idiot, Michael Steele, who remains at the Republican National Committee only because he can wave the banner of “diversity” over a virtually all-white party that alternately demonizes African-Americans, Latinos, gays and Muslims.

O’Donnell is particularly needed now because most of the other Republican Tea Party standard-bearers lack genuine antigovernment or proletarian cred. Joe Miller and Ken Buck, the Senate candidates in Alaska and Colorado, actually are graduates of elite universities like those O’Donnell lied about attending. Rick Scott, the populist running for governor in Florida, was chief executive of a health care corporation that scooped up so many Medicare and Medicaid payments it had to settle charges for defrauding taxpayers. Rand Paul, the scion of a congressman, is an ophthalmologist whose calls for spending restraint don’t extend to his own Medicare income. Carl Paladino, the truculent man of the people in New York, grew his fortune as a developer with government handouts and favors. His California bookend, Carly Fiorina, received a golden parachute worth as much as $42 million from Hewlett-Packard, where she liquidated some 20,000 jobs.

Continue reading…