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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (303537)	5/3/2009 12:30:00 AM
From: Nadine Carroll	9 Recommendations Read Replies (5) \| Respond to of 793840

I will say that Jake Tapper is acting more like a reporter and less like a groupie than another other member of the MSM I can think of. Let's see if it lasts: Obama’s pay-to-play scheme ABC News reported that Steve Rattner, the leader of the Obama administration’s Auto Industry Task Force, threatened to ruin an investment firm’s reputation. Check out the denial. Jake Tapper called the White House for its side, and the flack said: “The charge is completely untrue, and there’s obviously no evidence to suggest that this happened in any way.” Whoa. How does White House deputy press secretary Bill Burton know that there is “no evidence”? President Obama embraced Venezuela dictator (and lefties hate when I call him a dictator because he was “elected” — as was Kim Jong-Il, Fidel Castro, Josef Stalin, Saddam Hussein and every other lefty dictator). But the Obama administration threatens taxpaying Americans if they don’t give his government concessions that amount to a tax by taking less money than they loaned the businesses that Obama Inc. is taking over. Tapper reported: “Thomas Lauria, Global Practice Head of the Financial Restructuring and Insolvency Group at White & Case, told ABC News that Rattner suggested to an official of the boutique investment bank Perella Weinberg Partners that officials of the Obama White House would embarrass the firm for opposing the Obama administration plan, which President Obama announced Thursday, and which requires creditors to accept roughly 29 cents on the dollar for an estimated $6.8 billion owed by Chrysler.” In short, Obama wants companies to eat nearly $5 billion so that he can give away Chrysler to protect union jobs. The unions that backed him. This is their payoff. If true, this is the biggest corruption scam in American history. But like Obama’s $750 million campaign jackpot, this alleged pay-to-play scam will not be investigated by the authorities, Congress or the press. Maybe Tapper will stay on it, if Walt Disney-ABC lets him stay on the story. Hat tip: Glenn Reynolds. blogs.dailymail.com

To: LindyBill who wrote (303537)	5/3/2009 9:24:42 PM
From: KLP	1 Recommendation Respond to of 793840

Obama seems to want us to believe he is the “good cop,” while he really is exactly the opposite. Can the stockholders sue those lawyers, or will the AG and all the Congressional Committees investigate them for the fraud that is being OK’d by the Obama Administration? Fat chance. Unless the taxpayers start to scream their bloody heads off. Another fat chance. But at least, someone would know we are alive and kicking, rather than down for the count. Which brings us to the real question, which is, when did it become the government's job to intervene in the bankruptcy process to move junior creditors who belong to favored political constituencies to the front of the line? Leave aside the moral point that these people lent money under a given set of rules, and now the government wants to intervene in our extremely well-functioning (and generous) bankruptcy regime solely in order to save a favored Democratic interest group.