#1
Can we vote for the guy in the pic on the right? Who is his sole supporter? Jane Fonda? Is she claiming to be a vet of the North Vietnam military now? Kerry is such a blowhard phony. Certainly we can do better than that.
[Detroit News] The Obama administration said Wednesday it will sell 200 million shares -- or 40 percent of its remaining stake in General Motors Co. -- back to the automaker and announced plans to completely exit the Detroit automaker by March 2014.
The Detroit automaker said it will purchase 200 million shares of GM stock held by Treasury for $5.5 billion -- or $27.50 per share -- nearly $2 above the stock's closing price on Tuesday. GM shares jumped sharply on the news and were up 7.5 percent to $27.36, or $1.90, early afternoon in very heavy trading.
The U.S. Treasury, after more than a year of refusing to say when it might start selling its remaining stake in GM, said it will announce a written plan in January to shed its remaining 300 million shares over the next 12 to 15 months, likely in a series of small stock sales.
The Treasury's move is intended to minimize the impact of the stock sale on the share price -- and the government's state will shrink from 26.5 percent to less than 19 percent -- but the exit could be completed far more quickly.
The exit plan may prove to be a boost to GM's lagging stock price and to some car buyers, who have avoided GM because of the "Government Motors" label.
Posted by: Fred ||
12/20/2012 00:00 ||
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#1
The not so hidden costs of the Ohio and Michigan Obama re-election campaign:
TARP was approved by Congress as a $700 billion program, though Treasury eventually disbursed $418 billion. On Wednesday it said it had recovered $381 billion to date, or about 90 percent.
#4
taxpayers will almost certainly lose billions of dollars in the $49.5 billion GM bailout - and the government would need to sell its remaining shares for about $70 each to break even.
Another hosing of the taxpayers. The bondholders got nailed the first go around. The unions made out O.K. as Obama paid them back for their votes. An additional hosing of the taxpayers who didn't like or vote for Obama.
#4
Update Plan B Vote Set for Thursday Evening The U.S. House of Representatives is scheduled to begin voting at between 7:30 p.m. and 8:00 p.m. EST Thursday on a backup plan developed by House Speaker John Boehner (R., Ohio) to avoid looming tax increases and spending cuts next year.
#8
I disagree with the notion that GOP cannot force dems to cut spending: all they have to do is not pass an increase to the debt ceiling. The GIvernment will be force to only spend what comes in. The dems won't last one missed GIvernment check cycle. Of course that requires the GOP to stick together and play hardball. So off the cliff we go.
#2
It's the 95% folks (Holder's "our people") whom the Champ and FLOTUS are most concerned about. The one percent crowd are little more than a meaningless, Stalin era slogan.
Pelosi got cut in on one of the most coveted IPO in history when she secured the chance to buy into the Visa credit card IPO. She bought 5,000 shares of Visa at $44 a share just as legislation threatening credit card companies was moving its way through the House. Two days later Pelosis Visa stock was worth $64. The then-Speaker made sure the bill never made it to the House floor.
Illegal except in Congress. It's worse than insider trading because key Congresscritters legislate to their advantage and then make a killing on their legislation. Outside of Congress she should be serving hard time for her criminal activity. Thought Duke Cunningham served time for such activity. No wonder Pelosi and others are so despised by voters.
I conducted my own little experiment this election year. Wrote in a name for one of positions on the ballot. Checked with the SoS and verified they had me listed as having voted. Then, checked the certified results. My write in name was not there.
So, I know my ballot was received. I also know it wasn't counted.
#7
I'm gobsmacked lblis. Just returned from the barbershop. No worries though, it's all over tomorrow, Mayanageddon and all of that. Undertaker haircuts are never quite satisfactory.
#10
If the world should end tomorrow, you could go to a blind barber and it wouldn't make much difference. If the world, doesn't end, you might end up with the world's worst haircut.
#11
Good point John. I must confess however, my barber and his partner are rabid, anti-Obamanist. My real motivation for stopping in was to join them in one last vile rant. Unfortunately the shop was full and they were not in the mood for our usual discourse, so all I came away with was a $13. trim. They did indicate yesterday was quite slow. Just my luck, day late - dollar short. :-(
Along with such illustrious predecessors as Adolf Hitler in 1938, and Joseph Stalin in 1939 and again in 1942, and the Ayatollah Khomeini in 1979
President Barack Obama was named TIME's Person of the Year for 2012, citing his historic re-election last month as symbolic of the nation's changing demographics amid the backdrop of high unemployment and other challenges.
TIME editor Rick Stengel announced the choice on NBC's "Today" program on Wednesday.
"He's basically the beneficiary and the author of a kind new America - a new demographic, a new cultural America that he is now the symbol of," he said.
"He won re-election despite a higher unemployment rate than anybody's had to face in basically in 70 years. He's the first Democrat to actually win two consecutive terms with over 50 percent of the vote. That's something we haven't seen since Franklin Delano Roosevelt," Stengel said, citing the president who served during the Great Depression and World War Two.
Posted by: Barbara ||
12/20/2012 13:44 Comments ||
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#6
"He's basically the beneficiary and the author of a kind new America - a new demographic, a new cultural America that he is now the symbol of, of a Media which is so far in the tank for him that it has a standing order for kneepads and doesn't even bother to wipe it's mouth off afterwards anymore."
FIFY
And like FDR he's making the economic situation even worse.
Newly appointed gun control taskforce deputy and current Vice President Joe Biden said at a campaign stop in Castlewood, Virginia in 2008, If he (Obama) tries to fool with my Beretta, hes got a problem.
Beltway Confidential had the quote:
I guarantee you Barack Obama aint taking my shotguns, so dont buy that malarkey, Biden said. Dont buy that malarkey. Theyre going to start peddling that to you. [...]
If he tries to fool with my Beretta, hes got a problem, Biden added, referring to Obama.
The Vice President also informed prospective voters at the time he was the proud owner of two guns.
#3
After the deadly Aurora, Colorado shooting Feinstein criticized those who said responsible conceal carry permit holders could have stopped gunman James Holmes, saying "...and maybe you could have had a firefight and killed many more people. These are people in a theater."
Opponents of the Assault Weapons Ban point to Feinsteins hypocrisy on the issue, as the Senator herself said she obtained a concealed carry permit in California when she felt her life was threatened. In 1995, Feinstein described this experience:
Posted by: Deacon Blues ||
12/20/2012 8:00 Comments ||
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A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
[Detroit News] The Obama administration said Wednesday it will sell 200 million shares -- or 40 percent of its remaining stake in General Motors Co. -- back to the automaker and announced plans to completely exit the Detroit automaker by March 2014.
