Sunday, March 29, 2009

President Barack Obama first Overseas visit, faces a Defiant World.

Obama Will Face a Defiant World on Foreign Visit -

President Obama is facing challenges to American power on multiple fronts as he prepares for his first trip overseas since taking office, with the nation’s economic woes emboldening allies and adversaries alike.

Despite his immense popularity around the world, Mr. Obama will confront resentment over American-style capitalism and resistance to his economic prescriptions when he lands in London on Tuesday for the Group of 20 summit meeting of industrial and emerging market nations plus the European Union.

The president will not even try to overcome NATO’s unwillingness to provide more troops in Afghanistan when he goes on later in the week to meet with the military alliance.

A Protest of the Group of 20 meeting

President Bush said during events celebrating Israel's 60th anniversary. "We have heard this foolish delusion before. Some seem to believe that we should negotiate with terrorists and
radicals, as if some ingenious argument will persuade them they have been wrong all along."

President Barack Obama's response. “The President’s extraordinary politicisation of foreign policy and the politics of fear do nothing to secure the American people or our stalwart ally, Israel.

Now we are going to see how President Barack Obama will preform as he prepares for his first trip overseas since taking office.

    1. President Obama will not even try to overcome NATO’s unwillingness to provide more troops in Afghanistan

    2. President Obama seems unlikely to return home with any more to show for his attempts to open a dialogue with Iran’s leaders.

    3. President Obama is unlikely to push for specific commitments from other countries on stimulus spending to bolster their own economies

    4. In Prague, Mr. Obama will confront an Eastern Europe nervous about Russian attempts to reassert itself in an area that Moscow views as its backyard. Protesters are planning an “international resistance camp” with antiwar actions designed to press Mr. Obama to get American troops out of Afghanistan.

Eight years of George Bush was to walk softly and carry a big stick. President Barack Obama's is to walk softly and put a big carrot at the end of that stick and try to get the world to follow you. But Mr. Obama the world does not want your carrot and you will see this on your trip. The President will be tested in face-to-face meetings by the leaders of China and Russia, who have been pondering the degree to which the power of the United States will dominate global affairs.

Now when President Barack Obama address the G20 conference will he say what he said in Germany? "I know my country has not perfected itself. At times, we've struggled to keep the promise of liberty and equality for all of our people. We've made our share of mistakes, and there are times when our actions around the world have not lived up to our best intentions."

I am truly sorry and apologise for the United States of America. We will do better. President this is what the world wants to hear. Now what are you going to say?

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Barack Obama Speech from Berlin, Germany

Tuesday, March 17, 2009

Barack Obama knew AIG could pay Bonuses before Executives took them.

Bankers Face Strict New Pay Cap -

The giant stimulus package that cleared Congress Friday includes a last-minute addition that restricts bonuses for top earners at firms receiving federal cash -- including those that already received it -- more severely than the Obama administration's previous pay limits.

The most stringent pay restriction bars any company receiving funds from paying top earners bonuses equal to more than one-third of their total annual compensation. That could severely crimp pay packages at big banks, where top officials commonly get relatively modest salaries but often huge bonuses.

As word spread Friday about the new and retroactive limit -- inserted by Democratic Sen. Christopher Dodd of Connecticut -- so did consternation on Wall Street and in the Obama administration, which opposed it.

Senator Christopher Dodd Chairman of the Senate Banking Committee.

President Barack Obama called AIG reckless and greedy during a blistering attack in which he pledged to try to block the insurance giant from handing its executives millions of dollars in bonuses after taking billions in federal aid.

Wait a minute President Obama. You were the one who opposed the inserted cap by Democrat Sen. Christopher Dodd. You were the one who sent both Treasury Secretary Timothy Geithner and Lawrence Summers, who heads the National Economic Council, to ask Sen. Dodd to reconsider his proposal and he did as you asked.

You see Obama and his administration was concerned the rules would prompt a wave of banks to return the government's money and forgo future assistance, undermining the aid program's effectiveness. President Obama knew if there were bonus limits on executive pay, they would not accept the stimulus money. Just like when the Ford company found out about the strings attached to their money.

President Obama signed the stimulus bill despite his concerns about the bill's vague and open interpretation. So AIG interpreted it could pay out bonuses. Now Obama is trying to cover his ass.

President Barack Obama called AIG reckless and greedy during a blistering attack in which he pledged to try to block the insurance giant from handing its executives millions of dollars in bonuses after taking billions in federal aid. The White House, Obama, Geithner and Summers, says it’s trying to put strict limits on the next $30 billion installment in taxpayers’ money for American International Group Inc amid questions about whether the Obama administration responded fiercely enough to revelations of executive bonus payments.

Why didn't the Administration first listen to Christopher Dodd? I can see that they don't want to listen to Republicans but your top banking guy, does not make sense. Tim Geithner and Larry Summers who openly criticized Dodd's proposal at the time and insisted that those limitations should apply only to future compensation contracts, not ones that already existed. The exemption for already existing compensation agreements -- the exact provision that is now protecting the AIG bonus payments -- was inserted at the White House's insistence and over Dodd's objections.

President Obama, just admit you miss this one and the future $Billions$ will be different.

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President Obama Slams AIG

Monday, March 2, 2009

A Thousand people Protest Obama Stimulus Plan in 35 degree St. Louis Weather.

02/28/2009 - St. Louis riverfront draws rally against Obama stimulus plan -

Critics of President Barack Obama's stimulus plan gathered beneath the Arch Friday to cheer speeches over a bullhorn and toss tea into the Mississippi River.

A few conservative activists organized and promoted the rally, with help from talk-radio hosts. Pleased with the turnout in 35-degree bluster, leaders said they had stolen a page from liberal tradition by taking to the streets with home made signs.

"If I had known this many people would show up, I'd have charged admission," said Bill Hennessy of Ballwin, the lead organizer. "We'll do this every chance we get until Congress repeals the pork — or we retire them from public life."

Hennessy estimated that more than 1,000 people showed up.

People rally against Obama stimulus plan.

Jackie Smith, former tight end for the old St. Louis football Cardinals, said, "We are mad as hell and we need to stay mad as hell. Don't let up."

Jackie your not alone. President Barack Obama’s approval rating has dipped  since the
start of his term, and the percentage of those who disapprove of his performance has doubled, according to a Gallup Poll released Monday Feb. 23rd. With less than 35 days in office. he president’s disapproval rating jumped from 12 percent to 24 percent over the same period, “mainly because rank-and-file Republicans.

Now that was the 23rd of Feb. what about today? Twenty-nine percent (29%) now Strongly Disapprove to give Obama a Presidential Approval Index rating of +10 (see trends). The number who Strongly Disapprove grew from the low-20s early in February to the high-20s later in the month. The number of Republicans in the country increased a bit during February.

How are these polls conducted and who do they poll? Currently, the baseline targets for the adult population are 41.1% Democrats, 33.0% Republicans, and 25.9% unaffiliated. Likely voter samples typically show a slightly smaller advantage for the Democrats. So those who don't vote support Democrats.

Now the news media wants to show us the high approval rating of President Barack Obama. But when you poll 41.1 percent Democrats no wonder his approval rating is high. But what we need to keep an eye on is his strongly disapproval numbers. Only 45 days in office his strongly disapproval went from 12 percent to 29 percent. This must be told, a 150 percent increase in his disapproval.

US President Barack Obama vowed Saturday to fight for his budget proposals. The audacious 3.55-trillion-dollar budget proposal that Obama rolled out Thursday bristles with economic reforms and spending on healthcare, climate change and education.

We as conservative can slow down this drunken spending train. Together our voices as one will be heard.

More post from Wag This Dog.
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St. Louis Tea Party