Then why is it that the democrat party is so full of rich people?

Top White House economic adviser Lawrence Summers received about $5.2 million over the past year in compensation from hedge fund D.E. Shaw, and also received hundreds of thousands of dollars in speaking fees from major financial institutions.

A financial disclosure form released by the White House Friday afternoon shows that Mr. Summers made frequent appearances before Wall Street firms including J.P. Morgan, Citigroup, Goldman Sachs and Lehman Brothers. He also received significant income from Harvard University and from investments, the form shows.

In total, Mr. Summers made a total of about 40 speaking appearances to financial sector firms and other places, with fees totaling about $2.77 million. Fees ranged from $10,000 for a Yale University speech to $135,000 for an appearance paid for by Goldman Sachs & Co…

Imagine that. But wait there is more!

David Axelrod, the president’s top political advisor, reported in his form that he will get $3 million over the next five years from the sale of his two media consulting firms, ASK Public Strategies, LLC and AKP&D Message and Media. In addition, Mr. Axelrod took a salary of $896,776 last year from AKP&D and reported $651,914 in partnership income from the two companies.

In total, Mr. Axelrod reported assets valued between $6.9 million and $9.5 million. Mr. Axelrod’s clients were mostly political campaigns, including those of Rep. Patrick Kennedy, New York Attorney General Andrew Cuomo, and Chicago Mayor Richard M. Daley. He also reported receiving money from large corporations such as AT&T Inc., Comcast Corp. and the nuclear energy company Exelon Corp…

…Valerie Jarrett, assistant to the president for intergovernmental affairs, lists a $300,000 salary and $550,000 in deferred compensation from The Habitat Executive Services, Inc., in Chicago.

Ms. Jarrett also disclosed payments of more than $346,000 for service on boards of directors that reflect her political ties, and work in Chicago real estate and community development.

She was paid $76,000 last year for service as a director of Navigant Consulting, Inc. a Chicago-based global consulting group with governmental clients. She received $146,600 for service on the board of USG Corporation, a building materials manufacturer, and $58,000 to serve on the board of Rreef American REIT II, a real estate investment trust based in San Francisco. The Chicago Stock Exchange, Inc., paid her $34,444 to serve on its board.

Deputy National Security Advisor Tom Donilon earned $3.9 million as a partner at the law firm of O’Melveny & Myers LLP, where his clients include Citigroup, Inc., Goldman, Sachs & Co., and Obama fundraiser and heiress Penny Pritzker.

Carol Browner, assistant to the president for energy and climate change, disclosed earnings of between $1 million and $5 million from lobbying firm Downey McGrath Group, Inc., where her husband, Thomas Downey, is a principal. She states $450,000 in “member distribution” income, plus retirement and other benefits from The Albright Group, a lobbying firm whose principals include former Secretary of State Madeline Albright.

And yet this is the party that wants to soak the rich. Perhaps they are jealous, or just want power for themselves. Who knows, but I’m tired of hearing about the democrats being for the little guy. Bull Shit.

h/t Michelle Malkin

“I really feel that what I’m gonna give you here is a smoking gun.

I’m a conservative Democrat and I’m from Chicago… and I, I feel that I was betrayed.

I was in a meeting after Obama got elected and I was told by the Democratic officials in that meeting that we were gonna give billions of dollars that was gonna come down the pike, our way, and what we were to do with it was we were supposed to do with it…

We are gonna build an army of Democratic patronage jobs…. gonna completely freeze up the Republicans forever and ever…

It’s a job-capturing system, the same one they have in Chicago… everyone’s asking ‘why isn’t that money being released until 2011 and 2012?’

Because it needs to be released at a time that’s close to the election, so that they don’t go blow the money and spend it. So they’re gonna hold some back and that’s where… the real bucks will be spent, right up close to the election.

…It’s not a stimulus package, it’s not pork! It’s a job patronage system… there’s gonna be more [people] working for the Democrats in a patronage system than the United States Army…

And the jobs are gonna be camouflaged in a million different ways, whether you’re workin’ for the city, or workin’ for the state, but when the election comes around, you’re gonna be obligated to go out and get that vote… …like ACORN, except the jobs will be larger scale. I just wanted to say that, because I was really depressed when they told me, because I really thought they’d be different.

If I’ve done nothing else in my life, I’ve informed what that bill really is… it’s a job patronage system.”

here is the originating video:

h/t DirectoryBlue

In seeking to duplicate those great times, Obama is hiring most of Clinton’s old staff. As usual though, they seem to forget history or just choose to ignore the facts. So let’s look at how Clinton’s two terms really went.

Before Clinton took office, several innovations were in the works that were prepping the economy for lift off. For the most part, personal computing was really starting to come into its own. That lead to an enormous internet boom.

But let us back up just a minute. For the first three years of his office, the economy pretty much went nowhere. It wasn’t until the GOP took office, combined with Hillary’s failure to get her health care plan through and Greenspan’s loosening of monetary policy did the economy take off. The chart below says it all.

Source IBD.

What about that budget surplus?

As for the budget surpluses, they came as a complete surprise to Clinton economic forecasters, whose static models only predicted their tax hikes on the rich would narrow the budget gap, not get it into the black.

Their “deficit-reduction plan” didn’t create the surpluses at all. They were a direct result of a tidal wave of capital-gains revenues generated by the GOP-led stock boom.

Relieved that Washington would no longer threaten to take over 14% of the economy by socializing medicine or raise taxes even higher, the market took off like a shot at that point. And capital gains tax receipts exploded, flooding federal coffers.

Clinton’s own long-term budgets predicted no surpluses of any kind during his administration and beyond.

In 1993, Clinton made his first five-year budget projections based on the new tax and spending programs he was proposing. He forecast a budget deficit of $202 billion in fiscal year 2000. In fact, the Treasury produced a record surplus that year of $236 billion.

That’s a swing of more than $400 billion. So much for central planning.

Clinton either must admit to some of the worst forecasting in history or acknowledge that some other factors besides his record tax hike closed the budget gap. But he’s copped to neither.

So, if Obama wants to duplicate the “success” of Bill Clinton, he needs to wait until 2010 and pray that the GOP takes over congress and gets things straightened out.

I haven’t seen this sense of unity since 9/11, really, really, and 9/11 was this tragic experience that brought us all together and now we’re all brought together in the name of hope. Not since 9/11 have I experienced anything even kind of close to this.

Then Obama says this:

Let us resist the temptation to fall back on the same partisanship and pettiness and immaturity that has poisoned our politics for so long. Let us remember that it was a man from this state who first carried the banner of the Republican Party to the White House – a party founded on the values of self-reliance, individual liberty, and national unity. Those are values we all share, and while the Democratic Party has won a great victory tonight, we do so with a measure of humility and determination to heal the divides that have held back our progress. As Lincoln said to a nation far more divided than ours, We are not enemies, but friends though passion may have strained it must not break our bonds of affection. And to those Americans whose support I have yet to earn – I may not have won your vote, but I hear your voices, I need your help, and I will be your President too.

Really? All I’ve seen is uniting hatred. Dividing the country between the “rich” and the “middle class”. That isn’t exactly the kind of uniting I’m looking forward to.

More:

America, we have come so far. We have seen so much. But there is so much more to do. So tonight, let us ask ourselves – if our children should live to see the next century; if my daughters should be so lucky to live as long as Ann Nixon Cooper, what change will they see? What progress will we have made?

I’ll tell you, our children will be bankrupt with a fat government gorging itself on money from the people, denying those that want to grow themselves in order to keep them down.

7:41: Obama win Virginia. It is definitely over.

7:36: Reid and Pelosi speaking in Washington

7:34: FNC still won’t call Florida, but says it still looks really good for Obama

7:11: Iowa swings back to blue

7:04: McCain camp says “there doesn’t appear to any path”

7:03: Looks like the dems won’t get that magic number of 60 senate seats.

7:00: McCain wins Texas. No surprise.

6:50: Obama didn’t run as a liberal? Wow, that is a new one.

6:43: Obama is ahead in Nebraska. What is the world coming to?

6:18: Ohio is lost… Obama gets it. That pretty much means the country is going socialist.

6:11: Obama gets New Mexico. They must be looking forward to that $500 check!

6:09: Tom Udall takes a seat from the republicans

6:04: Bradley effect was real…

6:00: Obama gets Wisconson and New York

5:31: PA goes to Obama. Gonna be a long night…

5:26: Shaheen takes Sununu’s senate seat.

5:18: Newsmax.com has a poll about Sarah Palin.

5:13: Obama get NH.

5:09: McConnell keeps his seat. 51% to 49%. Dole loses her seat.

5:05: McCain gets TN

5:03: Biden gets to serve a 7th term as a senator. Lets hope that’s all he gets to serve as

5:00: Obama gets most of the north east, no suprise. McCain gets Oklahoma.

4:58: Florida is about to close their polls. Still waiting or the panhandle there.

4:50: McCain takes South Carolina (8EV)

4:47: Lieberman fears Democrats getting 60 seats in senate. Read Here.

4:40: says McCain’s win in KY isn’t good. That fact that he only won by 3 points suggests that Obama might win nationally by 6

4:33: Senate minority leader McConnell is at 51% but still TCTC

4:30: Several states still too close to call, including the all important Ohio.

4:27: McCain has West Virginia (5EV)

4:21: Seems I got a little Google loving for my Black Panthers doing what Democrats do best post. As I write this I’m 4th in results on the 1st page

4:10: McCain wins Kentucky (8EV) and Obama Vermont (3EV).

“The very same people who don’t want the Fairness Doctrine want the FCC [Federal Communications Commission] to limit pornography on the air,” Schumer said.

The really funny thing is what he told Fox News:

I think we should all be fair and balanced, don’t you?

REALLY???? And yet it is the democrats that can’t stand Fox News for its fair and balanced reporting while saying nothing of the MSM when they blatantly support them and their candidate.

What hypocrisy.

There are two primary things that could make it possible. The willingness of the MSM to ignore who he really is and what he is doing and what looks like will be a majority control of both sides of congress.

The ones that I see most plausible are:

• Obama’s minions in Congress will purge the Democrat party of moderates. Charges of “corruption” will lead to abandonment by the White House and Democrat party leaders. Joe Lieberman will high on this hit list
• Electricity rates will skyrocket, forcing the federal government to nationalize the electrical power generation and distribution industry
• Obama will announce that, due to continued economic and financial problems, the US government will permanently maintain ownership of banks
• In March 2009, the US Congress will pass a sweeping “reform” of the military, cutting military spending 25 percent, eliminating most new weapons systems in development, and forcing the retirement of most flag officers so Obama can appoint friendlier faces
• Unemployment will rise in fits and starts, eventually reaching 12 percent late in 2009
• Congress will reinstate numerous entitle programs eliminated by the Contract with America and Bill Clinton
• Congress will re-enact the “Fairness” Doctrine, making it far more onerous than the last one; Rush Limbaugh and Michael Savage will retire in the face of mounting legal bills and NCSF prosecutions
• The worsening economic depression will make internet access unaffordable for most people, driving the government to nationalize the internet, regulating content and bandwidth

What if it did happen? Nothing short of a new revolution could stop it or revert it.

That urgency, Israel Radio reported Obering as saying, was that Iran is not far from attaining the means to use missiles against all of Europe and against the U.S. in five to six years.

What is even scarier was this from Dinshaw Mistry, professor and missile proliferation expert at the University of Cincinnati.

Mistry warns that if its own missile development falls short, Iran could acquire North Korea’s Taepo Dong ICBM technology to strike at the United States. It wouldn’t have to be accurate. A single warhead detonated high over the U.S. would unleash an electromagnetic pulse that would fry our high-tech economy and send us back a century or more. Millions would die or starve from its aftereffects.

All of this while the Democrats want to cut defense spending by 25%. IBD’s lead in was exactly right:

While the U.S. scores yet another successful missile intercept, the missile defense chief warns that Iran could target all of Europe and the U.S. within five years. It’s 3 a.m., and the phone is ringing.

While they fail to answer the original question, the rebuttal is actually an intelligent question. My take on it is, well, yes. I am completely against this package and was from the beginning.

HOWEVER…

What truly scares me is not the government taking control of banks and such, but what will happen to them if Washington becomes completely controlled by democrats. The republicans by nature are for free markets and the democrats are not. Now, if the dems take control of congress and the white house, imagine what they will do with this remarkable gift that the current administration has given them.

Remember, the democrats originally wanted to have union members on the boards of companies that the government helped out. Wow, that alone would be devastating. Thankfully that got knocked down. For now.

I can see Pelosi, Franks, Dodd and perhaps Obama just foaming at the mouth about taking control over the economy in ways they could only dream about. And they have Bush to thank for it. Oh, the irony of it all.

If we are lucky, McCain will get the white house but that doesn’t mean that the dems won’t still control congress and try to take further control of the private sector. At the moment anyway the Treasury Secretary largely controls that 700 billion. Let us hope it stays that way.

Now we could go on about how Marxist such a position is, but the point of this particular exchange is just how conditioned the democrats are to sweetheart interviews and how they dislike any kind of questions concerning their policies. Seriously, to go so far as to ban that station from any other interviews is just sad.

I have one word for them “waaaaahhhhh”…

We are about to have Halloween, imagine if kids stayed at home and didn’t trick or treat and the kids who went out and did trick or treating have to give up about half their candy for the kids that didn’t bother to get into the costume

Amen Governor. Amen.

If I can find this on YouTube I’ll embed it.

Now I’ve always believed that the democratic mission wasn’t too much different than the socialist mindset, but to have a member actually a member of a socialist party should be all too damaging.

I sure hope Sean Hannity or Rush Limbaugh pick this up…

UPDATE:
Apparently they have finally started. About time!

This is complete outrage and shows just how low the democratic party will go to get their way. It also shows just how afraid they must be of Sarah Palin. Never mind that this wasn’t even a political event for the two campaigns. It was an anti-Iran event in support of Israel, something both parties supposedly support.

How sad.

The Oil Drilling Debate

What I am referring to specifically is the head democrats, namely Nancy Pelosi, Harry Reid, etc. are not letting a vote to occur on expanded drilling in the outer continental shelf and Alaska. This very act is outright appalling and undermines the vary nature of what Congress was supposed to be. These morons know they will lose because there are even many democrats that support more drilling and the fact that over 70% of the American public want it.

So instead of losing, they won’t even let it happen. They want to introduce laws to limit speculation in the oil markets which does two things. First it allows even more governmental control over free markets by people who have not a clue as to what they are doing and will set a precedent that will allow them to dip their dirty fingers into other markets in the name of “helping out”. Much like taxes in general they end up hurting everyone in the long run for the sake of looking good.

We’ll forget the stalling of voting on judicial candidates, which the republicans have been guilty of in the past as well. This is far more serious and immediate. Very rarely is the public so in favor of any one thing like they are in favor of more drilling and more domestic production and yet they don’t care. It should be illegal and unconstitutional to stop the very thing that they were elected to do. VOTE.