Chavez Likens Obama’s ‘Stench’ to Bush’s

Chavez Likens Obama’s ‘Stench’ to Bush’s

Venezuelan President Hugo Chavez says Barack Obama has the same “stench” as President Bush, suggesting he doesn’t appreciate the president-elect’s referencing Chavez’s support of the Colombian terror group FARC.

From Fox News:

http://www.foxnews.com/politics/2009/01/19/chavez-likens-obamas-stench-bushs/

Mr. President, he doesn’t like the USA…he will NEVER like the USA..so stop trying to get him to…

Venezuelan President Hugo Chavez apparently doesn’t appreciate Barack Obama’s classifying him as a supporter of the Colombian terror group, FARC, likening the president-elect’s odor to that of Chavez’s nemesis, President Bush.

In an interview airing on Venezuelan television and reported by The Washington Post Monday, Chavez said Obama has “the same stench” as Bush. The comment harkens back to September 2006, when Chavez addressed the United Nations General Assembly after Bush and said he could still smell the “sulfur” the U.S. president left behind at the podium.

In an interview that aired on Univision last week, Obama said his administration would try to improve relations with Chavez, but Venezuela has to stop aiding FARC, the Revolutionary Armed Forces of Colombia, which is recognized as a terror group by the United States and loathed by Colombians who have been victims of assassinations and kidnappings for the past 45 years. Internal FARC documents captured by Colombian soldiers last year purportedly demonstrated the link between Chavez and the terror organization.

The Post reported that Obama told Univision: “We need to be firm when we see this news, that Venezuela is exporting terrorist activities or supporting malicious entities like the FARC.”

Chavez, who is trying to consolidate power by getting voters to agree to abolish term limits, a ploy rejected in a previous effort, was quoted saying that if Obama thinks that Chavez is an obstacle to progress then he must be following orders from certain corners of “the empire.”

“If he doesn’t obey the orders of the empire, they’ll kill him,” Chavez said, without naming who “they” are.

© 2009 FOX News Network, LLC. All rights reserved

WSJ Rove: Republicans and the Tea Parties

http://online.wsj.com/article/SB123984928625323721.html

By KARL ROVE

Yesterday was Tax Day, and it was marked by large numbers of Americans turning out for an estimated 2,000 tea parties across the country. This movement is significant.

In 1978, California voters enacted Prop. 13 in reaction to steep property taxes. That marked the start of a tax-cutting movement that culminated in Ronald Reagan slashing high national income taxes in the 1980s. Now Americans are reacting to runaway government spending that they were not told about before last year’s election, and which Americans are growing to resent.

Derided by elitists as phony, the tea-party movement is spontaneous, decentralized, frequently amateurish and sometimes shrill. If it has a father it is CNBC’s Rick Santelli, who called for holding a tea party in Chicago on July 4. Yesterday’s gatherings were made up of people who may never meet again (there’s no central collection point for email addresses). But the concerns driving people to tea parties are real, growing and powerful. Politicians ignore them at their peril.

One concern is the rise of state and local taxes. New York and California passed multibillion-dollar tax increases this year. Other states are considering significant tax hikes or have enacted tax increases in recent years. The many tax and fee increases enacted or under consideration is angering voters.

If that anger persists, it may give Republicans a leg up in the 38 gubernatorial elections over the next two years, as well as in key state legislative races that will determine which party redraws congressional and state legislative districts after the 2010 census. Expect voters to hear a lot about jobs being created in low-tax states in the coming years.

But the center of the debate is in Washington, not the states. The fear of future federal tax hikes is fueling the tea-party movement.

This is an important development. In 2008, voters were less worried about taxes than they had been in previous elections. Why? Because the 15 years between President Bill Clinton’s 1993 tax hike and Barack Obama’s increase in cigarette taxes in February was the longest stretch in U.S. history without a federal tax increase. President George W. Bush’s tax cuts also cut 13 million people on the lower-end of the income scale from the income tax rolls — people who don’t pay taxes aren’t worried about the tax burden.

So far, Mr. Obama has decided to let the Bush tax cuts expire in 2011 and avoid forcing Democrats to take a tough vote. But the tea parties reveal how hard it will be for the president to hide the Democrats’ tax-and-spend tendencies from voters.

Mr. Obama plans to boost federal spending 25% while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives.

It hasn’t gotten a ton of attention, but people are fed up with the complexity of their tax code and ready to do something about it. The Tax Foundation’s 2009 Annual Tax Attitudes (which was conducted Feb. 18-27, by Harris) shows us that many Americans are willing to trade popular deductions for lower rates and a simpler code. There’s also been a flurry of interest among Americans in replacing the current system with a national sales tax or a flat tax.

The open question is whether Republicans will be boosted by the nascent tea-party movement. House Republicans smartly offered a proposed spending plan this year that would freeze nondefense discretionary spending, suspend earmarks for five years, and reform entitlements. But cutting spending won’t be enough. Taxes matter — and will matter more in the coming years.

The 2009 Tax Foundation survey found that Americans believe that taxes should, on average, take just 15.6% of a person’s wages. And 88% of Americans in the same poll believe that there should be a cap on all federal, state, and local taxes of 29% or less — there is still a constituency out there that will favor tax cutting politicians.

But to tap into that constituency Republicans will have to link lower taxes to money in voters’ pockets, and economic growth and jobs. They must explain why the GOP approach will lead to greater prosperity. Such arguments are not self-executing. They require leaders to make them, time and again, as Reagan once did.

Some liberals believe that the recession has made tax-and-spend issues passé. But political movements are often a reaction against aggressive overreach by those in power. Mr. Obama’s response to the financial crisis — a government power grab and budget explosion — has put spending and taxes back on the front burner. The tea parties are an early manifestation of that. More is sure to follow.

Mr. Rove is the former senior adviser and deputy chief of staff to President George W. Bush.

Copyright ©2009 Dow Jones & Company, Inc. All Rights Reserved

Obama’s 850 mile pizza run

When Obama tells the American public, that we have to give up a piece of the pie, I guess he wasn’t talking about his piece or his pie.

This article from The Sun tells how he flew a special chef hundreds of miles (at the public’s expense). I guess this is his way of spreading our wealth. Have you no shame, Mr. President?

http://www.thesun.co.uk/sol/homepage/news/article2372287.ece

BARACK Obama liked a restaurant’s pizzas so much he has flown the chef 850 miles to make some at the White House.

The US President got a taste for Chris Sommers’ pizza while campaigning in St Louis, Missouri, last year.

After Mr Obama’s election win, Chris offered to deliver frozen pizzas to the White House but was told he couldn’t because of security concerns.

So he took 20lb of dough and three gallons of sauce to Washington.

Chris was due to cook lunch at the White House yesterday, reported People.com. He said: “It’s surreal. It’s a huge honour.”

IBD: Federal Takeover

By INVESTOR’S BUSINESS DAILY | Posted Monday, April 06, 2009 4:20 PM PT

http://www.ibdeditorials.com/IBDArticles.aspx?id=323910687343049

If it has indeed declined to accept $340 million in payments from banks in Louisiana, New York, Indiana and California, the administration is tacitly admitting that it wants to control those banks as well as others that will try to pay back the taxpayers’ money they took in the Troubled Asset Relief Program.

By refusing repayment, the government can keep the leverage it bought with the bailouts. Banks that still “owe” would not be in position to reject the administration as a “partner.”

This reminds us of mobsters making a small “investment” in a family-owned shop, which is not always wanted by the owners, and then using it to justify taking over the business.

Joseph DePaolo, president and CEO of Signature Bank in New York, one of the four banks making TARP repayments last week, said his company wanted to return $120 million it received because, in part, it wasn’t comfortable with legislation passed that would limit compensation for salespeople. Those limits, he explained, would make it hard to recruit top professionals.

And then there’s the fact that the bank didn’t actually need the money. But, as we have learned, need is not relevant in the era of the bailout.

Andrew Napolitano reported last week on Fox News that he had spoken to the head of a $250-billion bank the night before who said Washington forced him to take TARP funds last September.

Napolitano said this bank “has no subprime loans, it has no bad debts, wasn’t involved in credit default swaps. It didn’t need any money. It didn’t ask for the money and didn’t want it. . . . officials from both the Federal Deposit Insurance Corporation and the Treasury said if you don’t take this money, we will conduct a multi-year public audit of you.”

The Fox News analyst said the bank’s “board was forced to issue a class of stock just for the federal government. The federal government owns 2% of this huge bank.”

That was done under the Bush administration. Enter the Obama White House. Last month, Napolitano said, Treasury told the bank “we own 2%, we’re going to tell you how to run the place.”

“As a result of that minority ownership, they now want to control salaries. They want to see his books, and they want to tell him who he can do business with,” Napolitano reported.

Before his trip to Europe, President Obama, according to Politico, told a group of financial institution CEOs who were unhappy with the federal war on executive salaries and bonuses, “My administration is the only thing between you and the pitchforks.” At the time, that sounded like nothing more than exaggeration.

An incident at the same meeting in which Geithner declined to take a fake $25 billion TARP repayment check from JPMorgan Chase CEO Jamie Dimon also seemed to be meaningful.

Later, says Politico, “Dimon also insisted that he’d like to give the government’s TARP money back as soon as practical . . . But Obama didn’t like that idea — arguing that the system still needs government capital.”

Looking back, these are small signs that reveal the administration’s desire to seize command of the nation’s financial system. The bigger, unmistakable sign is the reluctance — or is it outright refusal? — to take $340 million from four banks trying to be responsible and operate on their own.

This shouldn’t be happening in this country. The private sector and the state are not to be mixed. The American financial system is best directed by markets, not politics. Prosperity and liberty suffer when the latter excludes the former.

© Copyright 2009 Investor’s Business Daily. All Rights Reserved.

WSJ: Obama Wants to Control the Banks

http://online.wsj.com/article/SB123879833094588163.html

Obama Wants to Control the Banks
There’s a reason he refuses to accept repayment of TARP money.

By STUART VARNEY

I must be naive. I really thought the administration would welcome the return of bank bailout money. Some $340 million in TARP cash flowed back this week from four small banks in Louisiana, New York, Indiana and California. This isn’t much when we routinely talk in trillions, but clearly that money has not been wasted or otherwise sunk down Wall Street’s black hole. So why no cheering as the cash comes back?

My answer: The government wants to control the banks, just as it now controls GM and Chrysler, and will surely control the health industry in the not-too-distant future. Keeping them TARP-stuffed is the key to control. And for this intensely political president, mere influence is not enough. The White House wants to tell ‘em what to do. Control. Direct. Command.

It is not for nothing that rage has been turned on those wicked financiers. The banks are at the core of the administration’s thrust: By managing the money, government can steer the whole economy even more firmly down the left fork in the road.

If the banks are forced to keep TARP cash — which was often forced on them in the first place — the Obama team can work its will on the financial system to unprecedented degree. That’s what’s happening right now.

Here’s a true story first reported by my Fox News colleague Andrew Napolitano (with the names and some details obscured to prevent retaliation). Under the Bush team a prominent and profitable bank, under threat of a damaging public audit, was forced to accept less than $1 billion of TARP money. The government insisted on buying a new class of preferred stock which gave it a tiny, minority position. The money flowed to the bank. Arguably, back then, the Bush administration was acting for purely economic reasons. It wanted to recapitalize the banks to halt a financial panic.

Fast forward to today, and that same bank is begging to give the money back. The chairman offers to write a check, now, with interest. He’s been sitting on the cash for months and has felt the dead hand of government threatening to run his business and dictate pay scales. He sees the writing on the wall and he wants out. But the Obama team says no, since unlike the smaller banks that gave their TARP money back, this bank is far more prominent. The bank has also been threatened with “adverse” consequences if its chairman persists. That’s politics talking, not economics.

Think about it: If Rick Wagoner can be fired and compact cars can be mandated, why can’t a bank with a vault full of TARP money be told where to lend? And since politics drives this administration, why can’t special loans and terms be offered to favored constituents, favored industries, or even favored regions? Our prosperity has never been based on the political allocation of credit — until now.

Which brings me to the Pay for Performance Act, just passed by the House. This is an outstanding example of class warfare. I’m an Englishman. We invented class warfare, and I know it when I see it. This legislation allows the administration to dictate pay for anyone working in any company that takes a dime of TARP money. This is a whip with which to thrash the unpopular bankers, a tool to advance the Obama administration’s goal of controlling the financial system.

After 35 years in America, I never thought I would see this. I still can’t quite believe we will sit by as this crisis is used to hand control of our economy over to government. But here we are, on the brink. Clearly, I have been naive.

Mr. Varney is a host on the Fox Business Channel.

Copyright 2008 Dow Jones & Company, Inc. All Rights Reserved

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