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	<title>Stump Report &#187; Washington In Perspective</title>
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	<link>http://www.stumpreport.com</link>
	<description>Conservative commentary and news</description>
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		<title>&#8220;Tesla-Mania&#8221; Sweeps Wall Street</title>
		<link>http://www.stumpreport.com/tesla-mania-sweeps-wall-street/</link>
		<comments>http://www.stumpreport.com/tesla-mania-sweeps-wall-street/#comments</comments>
		<pubDate>Thu, 01 Jul 2010 16:06:32 +0000</pubDate>
		<dc:creator>William Burton</dc:creator>
				<category><![CDATA[American Culture]]></category>
		<category><![CDATA[BREAKING NEWS]]></category>
		<category><![CDATA[Just About Anything Political]]></category>
		<category><![CDATA[Washington In Perspective]]></category>

		<guid isPermaLink="false">http://www.stumpreport.com/?p=4601</guid>
		<description><![CDATA[Were it not so tragically representative of what’s wrong with our financial market, the demand for Tesla Motors IPO offering would be laughable. Indeed the beautiful people are all agog with what they believe is the hottest stock prospect since Starbucks found a market for three dollar coffee flavored whipped cream. What’s all the fuss [...]]]></description>
			<content:encoded><![CDATA[<p>Were it not so tragically representative of what’s wrong with our financial market, the demand for Tesla Motors IPO offering would be laughable. Indeed the beautiful people are all agog with what they believe is the hottest stock prospect since Starbucks found a market for three dollar coffee flavored whipped cream.</p>
<p>What’s all the fuss about? Tesla Motors, the latest darling of Hollywood, political leftists, and amateur Wall Street enthusiasts. Anybody who’s anybody wants to be in this game. Tesla is the electric roadster car made in Great Britain designed to sell for a mere $109,000.00. Names like George Clooney and Brad Pitt top a list of 998 people with orders in for them. It is the stuff that anti oil, life is good when living off the government, environmentalists dream of. For them it is answered prayer to gas guzzlers. For mainstream America however, it is an unrealistic and unworkable alternative.</p>
<p>Similar to Fannie Mae and Freddie Mac, which never seems to make money but enjoys government subsidies, Tesla, a British company, is politically popular. Enough to have garnered 465 million dollars from the US government in loan guarantees. Also similar to Freddie and Fannie the government insists that the names of campaign donors that coincidentally matches the names of the Tesla principals wasn’t a factor in their decision. This of course is the same denial about the 529 million in government loan guarantees issued to Fisker Automotive, a Finnish car which coincidentally boasts Al Gore’s group as investors. The rest of us are scratching our heads trying to figure out how high priced electric prototypes outside America benefits America.</p>
<p>While admittedly lacking a degree in automotive engineering or economics, I none the less hold the view, counter to our government and the political left, that a car designed to sell for over 100 thousand dollars is probably not going to be the breakthrough to resolving oil dependency. What it is going to do, in my opinion, is make a few insiders a car trunk full of money…, and then go broke.</p>
<p>With all the insider elements in play, the initial public offering is getting incredible interest in the financial district. Apparently everybody thinks those early in are going to make a pile of money buying Tesla stock and they may be correct. Stock is strictly a demand driven product. When a lot of people want the stock, even if the company has no prospect of making a profit, share prices rise. Similarly in a financially healthy company that is making a profit, such as BP, when a lot of people don’t want the stock, the share price goes down. Still, in the long term however, when a company has no chance of making money or surviving, the stock collapses. That stated, I for one would not be buying Tesla with a long term view.</p>
<p>One big problem with Tesla is that it is mired in debt on the front end. All they’ve done with the massive start up loans is manage to lose money. Hundreds of millions. Moreover the car can’t become popular because it is priced beyond reach for the average American. Even among those who can afford one, does anyone seriously think they are going to be trading in their Roadster ever year for a new one?</p>
<p>The founder and CEO Elon Musk is admittedly broke, in the process of a messy divorce, and desperate for cash. Tesla has already lost 246 million dollars in the first three years. None of this suggests optimism.</p>
<p>Recent history suggests the politically connected insiders will pocket millions and walk away rich when the company fails. Those with arms linked to Washington power will move on to new government deals and contracts. That’s how the game is played. It’s important to remember that at a casino, the dealer always works for the house while the players go broke.</p>
<p>My prediction for this latest hundred grand fad is that like all fads, it will run it’s course and fade away, along with the money of many small investors. Before you get too caught up in Tesla-mania, my advice is to think, “DeLorean.</p>
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		<title>Disclosure Act Needs Disclosure</title>
		<link>http://www.stumpreport.com/disclosure-act-needs-disclosure/</link>
		<comments>http://www.stumpreport.com/disclosure-act-needs-disclosure/#comments</comments>
		<pubDate>Mon, 28 Jun 2010 22:02:08 +0000</pubDate>
		<dc:creator>William Burton</dc:creator>
				<category><![CDATA[BREAKING NEWS]]></category>
		<category><![CDATA[Just About Anything Political]]></category>
		<category><![CDATA[Washington In Perspective]]></category>

		<guid isPermaLink="false">http://www.stumpreport.com/?p=4593</guid>
		<description><![CDATA[Anytime Chuck Schumer proposes anything, suspicious minds are justified. The Disclosure Act, a brainchild of democrats Schumer and Chris Van Hollen , is another attempt to tip the scales of influence rather than correct them. Like all legislation these days, the Disclosure Act is a bill clouded with legalese. Then again, legislation is often intended [...]]]></description>
			<content:encoded><![CDATA[<p>Anytime Chuck Schumer proposes anything, suspicious minds are justified. The Disclosure Act, a brainchild of democrats Schumer and Chris Van Hollen , is another attempt to tip the scales of influence rather than correct them.</p>
<p>Like all legislation these days, the Disclosure Act is a bill clouded with legalese. Then again, legislation is often intended to be cloudy to mainstream America. That the Health care bill was 2100 pages of gobble dee gook was not entirely accidental. Ditto with the Disclosure Act. What Americans really need is disclosure about the Disclosure Act instead of propaganda and spin.</p>
<p>As is hardly a secret, Democrats are losing voter support like a lacerated artery and they want to staunch the bleeding as the mid term elections near. Rather than change the principles that got them into trouble, they believe that right now would be a great time to try and limit business campaign donors who are more prone to supporting Republicans. So they’ve crafted a bill to inhibit Republican leaning financial supporters under the guise of a Wall Street clean up. The bill would place greater requirements on only certain businesses that want to contribute money.</p>
<p>　</p>
<p>A lot of incumbent democrats are in trouble so they are looking to stack the deck. As written the Disclosure Act may not stand up constitutionally but the idea is to have it in effect for <em>this</em> election even if it’s tossed out later. The Democrats say the legislation is needed to control greedy businesses whose dubious investing and accounting methods hurt the economy. There is some truth to this. The business sectors  they’re targeting however are those that might support a Republican return to power. They’ve exempted many of the blue ribbon winners of wasteful spending who engage in government programs and financially support democrats. Fannie and Freddie for example, spiraling out of control with wasteful spending and questionable ethics are exempt from the additional disclosure rules and restrictions being placed upon the private sector banks.</p>
<p>Beyond exempting Fannie and Freddie the bill would also exempt unions and those organizations enjoying collective bargaining agreements with the government. In other words, the special interests that pour millions into Democratic coffers. The true purpose of the legislation is not to clean up anything, but to tilt the scales for this election.</p>
<p>My opposition to the Disclosure Act is not so much the “free speech” argument that most Republicans echo. I support campaign finance reform. It’s when you start making exceptions so that you can bypass the actual purpose of the legislation that I part company.</p>
<p>Free speech is not harmless when that right is exclusively exercised as money to buy congressional and presidential influence. With a lobbying industry expected to spend over 3.7 billion dollars for this midterm and 5.5 billion when the oval office is in play, it’s obvious that “objectivity” being purchased. Almost every bill crafted for the past 20 years has some special interest strings attached to it. More than anything else, that’s why this nation is over 14 trillion in debt with a Congress that pretends that it’s wisely and prudently spending. The open bribing and dealing to get the Health Care bill passed was both sobering and frightening.</p>
<p>We ought not be able to unduly influence a party or a candidate by stuffing their pockets with money and freebies. Basic freedom is at risk. The truth is, we’re beyond mere influence. Pay to play has stymied objective and constitutional government practically out of existence. A congressman’s job should not be consumed almost twelve months a year with quota’s of campaign money to raise for the party leaders. That’s exactly how government now works. Everybody knows it even though politicians don’t admit it.</p>
<p>The Disclose Act is in fact a bad bill because it’s meant to corrupt the system further rather than correct it. It’s the same problem with virtually every reform bill that Congress generates. They tilt the scales by design.</p>
<p>Do I oppose the Disclose Act because it goes too far? No. I oppose it because it doesn’t go far enough.</p>
<p>　<a class="highslide" href="http://www.stumpreport.com/wp-content/uploads/2010/04/stumpword00100127.jpg"><img class="alignright size-thumbnail wp-image-3963" src="http://www.stumpreport.com/wp-content/uploads/2010/04/stumpword00100127-88x150.jpg" alt="" width="88" height="150" /></a></p>
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		<title>Tar Balls, Hanging Chad and the Democratic Party Agenda</title>
		<link>http://www.stumpreport.com/761002-tar-balls-hannging-chad-and-the-democratic-party-agenda/</link>
		<comments>http://www.stumpreport.com/761002-tar-balls-hannging-chad-and-the-democratic-party-agenda/#comments</comments>
		<pubDate>Sat, 05 Jun 2010 22:29:04 +0000</pubDate>
		<dc:creator>Phil Kammer</dc:creator>
				<category><![CDATA[BREAKING NEWS]]></category>
		<category><![CDATA[Our Planet]]></category>
		<category><![CDATA[Washington In Perspective]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[Nancy Pelosi]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[Socialism]]></category>

		<guid isPermaLink="false">http://www.stumpreport.com/?p=4461</guid>
		<description><![CDATA[Testing is currently underway to determine the origin of any tar balls spotted.  The Democratic Party wants conclusive evidence that this disaster is anyone's fault but theirs.  President Obama , Nancy Pelosi and the Socialist mob who have, under the nose of good Americans, slithered into power have now openly, after a year and a half of rule, decided to blame the Bush Administration for the Gulf environmental disaster.]]></description>
			<content:encoded><![CDATA[<p><a class="highslide" onclick="return vz.expand(this)" href="http://www.stumpreport.com/wp-content/uploads/2010/06/search.jpg"><img class="alignleft size-full wp-image-4465" title="search" src="http://www.stumpreport.com/wp-content/uploads/2010/06/search.jpg" alt="" width="96" height="126" /></a>Tar Balls, have been spotted of the western shores of Florida, sound the alarm: it must be Bushes fault, dammit!  Oh, and if the Democratic Party can&#8217;t stick it to Bush you can sure bet that they will try to stick it to Dick Chaney.</p>
<p>Here we go again America, another spell of directed hog-wash penned by this nations greatest media socialists, a propaganda of the greatest and most excellent sort only to be rivaled by Joseph Goebbels himself.  Tar Balls modeled from the notorious Hanging Chad of Florida are fast becoming the Democratic Parties rallying call.</p>
<p><a href="http://www.miamiherald.com/2010/05/27/1650453/tests-under-way-on-suspected-florida.html"><strong><span style="color: #0000ff;">Testing is currently underway</span></strong></a> to determine the origin of any tar balls spotted.  The Democratic Party wants conclusive evidence that this disaster is anyone&#8217;s fault but theirs.  President Obama , Nancy Pelosi and the Socialist mob who have, under the nose of good Americans, slithered into power have now openly, after a year and a half of rule, decided to <a href="http://latimesblogs.latimes.com/washington/2010/05/breaking-chris-dodd-blames-bush-for-gulf-oil-spillactual-video/comments/page/3/"><strong><span style="color: #0000ff;">blame the Bush Administration</span></strong></a> for the Gulf environmental disaster.</p>
<p>President Obama has said with conviction that his Administration is on top of this nations worst environmental catastrophe in its history.</p>
<p>Sadly, our President while the plum of poisonous oil gushes into the gulf of Mexico reeking havoc upon life and economy has,  as it seems, been <a href="http://dailycaller.com/2010/05/28/what-obama-has-been-doing-while-the-gulf-coast-dies/"><strong><span style="color: #0000ff;">playing more golf and hosting more leisure events</span></strong></a> than actually doing anything to solve this mess.</p>
<p>The question of whether or not the Administration wants the mess solved is, in truth, the greater story.  Environmentalist, are even beginning to question the lengthy delay and seemingly nonchalant way the President has handled this nightmare.  At present, there are no real solutions on the horizon.</p>
<p>No solution, means more Tar Balls heading in the direction of Florida and up the Eastern sea board.  All excellent and steady sources of PR for the next 5 months, at least, or rather till November.  Yes, I expect that this environmental mess will become politicized by both parties, but with the Democratic Party controlling most of the media many Americans will end up on the short end of the truth.</p>
<p>So, get ready for more tar balls America, it wouldn&#8217;t surprise me to see them ending up in our water supply or on your car from oil droppings from birds.</p>
<p>The White House and its media pals have already began demonizing those in the GOP for supporting the &#8220;Drill Now&#8221; campaign.  It has began, the great socialist push to remove more of America&#8217;s independence: it might make one question how this disaster occurred anyway.</p>
<p>The reasoning for such attacks are no different than those of Florida&#8217;s hanging chad: election results and Socialist agenda items.  Don&#8217;t be fooled the environmental mess is fast becoming just another means to diminish American power.</p>
<p>This is obvious now by how many left wing environmentalist are questioning Obama&#8217;s performance.  After all,  ultimate Socialism trumps the educated elite, in the long run.</p>
<p>The only thing really happening in Washington is that drilling efforts, in order to safeguard American sovereignty,  are being attacked.</p>
<p>Elections and American sovereignty are the business of the Obama Administration.  Socialism is the destination of this Administrations efforts:  no matter how they get there.</p>
<p>As Americans we can no longer afford to keep silent, our oaths to those honorable men and women who came before us demand our voice.</p>
<p>Regardless, of position or status each man and woman should stand and fight against such an effort to diminish American sovereignty.  &#8220;Drill Now&#8221; is not just a business idea, it is a last effort at maintaining American strength in the world:  it is our power and right as Americans.</p>
<p>Those who are against such an effort can and should be considered anti American.  Americans are bold and strong we don&#8217;t give in to socialist endeavors on our land: do</p>
<p>we?</p>
<p>So, the next time you read a report or story about tar balls heading to your neighborhood understand why they are coming and not necessarily from where.</p>
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		<title>President Clinton: Stalking Our Nation’s Most Intelligent Liar During a Recent Visit to Little Rock, Arkansas</title>
		<link>http://www.stumpreport.com/771090-president-clinton-stalking-our-nation%e2%80%99s-most-intelligent-liar-during-a-recent-visit-to-little-rock-arkansas/</link>
		<comments>http://www.stumpreport.com/771090-president-clinton-stalking-our-nation%e2%80%99s-most-intelligent-liar-during-a-recent-visit-to-little-rock-arkansas/#comments</comments>
		<pubDate>Sat, 05 Jun 2010 13:53:36 +0000</pubDate>
		<dc:creator>John C. Drew, Ph.D.</dc:creator>
				<category><![CDATA[BREAKING NEWS]]></category>
		<category><![CDATA[Washington In Perspective]]></category>
		<category><![CDATA[Bill Clinton]]></category>
		<category><![CDATA[President Clinton]]></category>

		<guid isPermaLink="false">http://www.stumpreport.com/?p=4454</guid>
		<description><![CDATA[Nevertheless, it was clear to me that President Clinton has a real nature which leaks out once in a while, a real nature which is immoral, ruthless, and prone to lie. ]]></description>
			<content:encoded><![CDATA[<p><a class="highslide" onclick="return vz.expand(this)" href="http://www.stumpreport.com/wp-content/uploads/2010/06/clinton-life1.jpg"><img class="alignleft size-full wp-image-4453" title="clinton life" src="http://www.stumpreport.com/wp-content/uploads/2010/06/clinton-life1.jpg" alt="" width="90" height="120" /></a>Purely by chance, I happened to be in Little Rock, AR just when the  news regarding President Clinton’s role in the Obama administration’s  illegal effort to offer a job to Rep. Joe Sestak in return for a  political favor broke last week in the national media.  It turns out  that ex-President Bill Clinton was in town that day to stump for  beleaguered Sen. Blanche Lincoln.</p>
<p>Compassionate fellow that he is, President Clinton graciously served  as the keynote speaker for the Neighborhoods U.S.A. luncheon on May 28,  2010.  This was my first time seeing President Clinton face to face and I  was curious to hear what he had to say.</p>
<p>As far as I could tell, President Clinton’s primary message was that  those of us working at the neighborhood level were the most important  people on Earth and that his experience at the national level had taught  him that it was a more cruel world than what we were used to seeing or  observing.</p>
<p>President Clinton argued that neighborhoods were a healthy and  wonderful thing because citizens were forced to get to know each other  as individuals.  He pointed out that &#8211; at the national level &#8211; it was  easy for his political enemies to create an inaccurate and unfair  characterization of him and others.</p>
<p>For example, he shared the comments of one of his assistant who was  with him in Washington who claimed, in relation to press accounts  regarding President Clinton that &#8220;They keep writing about someone I am  unfamiliar with.&#8221;</p>
<p>As someone who has occasionally been in the public eye myself, I know  President Clinton is telling the truth that the media does tend to  portray people in a manner that best sells newspapers or keeps you  holding on through the commercial instead of the manner that might  satisfy your own ego’s needs.</p>
<p>In my case, for example, I was never on the front page of a major  newspaper for anything good or inspiring that I’ve done.</p>
<p>At the federal level, President Clinton pointed out there are special  problems “…because…it&#8217;s easy when you&#8217;re a long way away and there’s a  lot of people in between that have various interests in…turning you  into…a cartoon, instead of a human being.  It&#8217;s easy to perform reverse  plastic surgery on you.  <a onclick="return  vz.expand(this)" href="http://www.stumpreport.com/wp-content/uploads/2010/03/stumpword0010013.jpg"><img title="stumpword001001" src="http://www.stumpreport.com/wp-content/uploads/2010/03/stumpword0010013.jpg" alt="" width="90" height="142" /></a>Particularly when it’s tough.”</p>
<p>Since I was attending the luncheon on business, I had to keep my  mouth shut at the event.  Nevertheless, it was clear to me that  President Clinton has a real nature which leaks out once in a while, a  real nature which is immoral, ruthless, and prone to lie.</p>
<p>Unfortunately for him, that&#8217;s the part of his character which really  captures the public&#8217;s attention and the media is more than happy to fill  their appetite for more stories of President Clinton gone wrong.</p>
<p>Based on the comments he was making even as this latest scandal  broke, I think it is safe to say that he really is a manipulative  liar…concerned only for himself and his political party.</p>
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		<title>GM &amp; Chrysler Stiff Taxpayers 34 Billion</title>
		<link>http://www.stumpreport.com/565550-gm-chrysler-stiff-taxpayers-34-billion/</link>
		<comments>http://www.stumpreport.com/565550-gm-chrysler-stiff-taxpayers-34-billion/#comments</comments>
		<pubDate>Wed, 26 May 2010 14:12:57 +0000</pubDate>
		<dc:creator>William Burton</dc:creator>
				<category><![CDATA[BREAKING NEWS]]></category>
		<category><![CDATA[Washington In Perspective]]></category>
		<category><![CDATA[Your Economy]]></category>
		<category><![CDATA[Bailouts]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[TARP]]></category>

		<guid isPermaLink="false">http://www.stumpreport.com/?p=4409</guid>
		<description><![CDATA[So how are they doing? GM turned a first quarter profit of 865 million, and Chrysler lost another 197 million. Does it matter? Fannie and Freddie are still losing. We’re not getting the money back regardless of outcomes. The car companies will just join the other industries at the private slush fund party celebrating.]]></description>
			<content:encoded><![CDATA[<p><a class="highslide" onclick="return vz.expand(this)" href="http://www.stumpreport.com/wp-content/uploads/2010/05/Bailout.jpg"><img class="alignleft size-full wp-image-4431" title="Bailout" src="http://www.stumpreport.com/wp-content/uploads/2010/05/Bailout.jpg" alt="" width="140" height="81" /></a>I came across an article in the <em>News Gazette </em>in Champaign, IL similar to ones running in newspapers all over America. The headline was “Treasury To Lose 1.6 Billion On Chrysler Loan.” Just another ho-hum-taxpayers-lose-again story.</p>
<p>There was a myriad of bad news figures in the story. It said the Treasury is writing off the 1.6 billion as a lost cause but it alerted the reader that it won’t stop there. The story continued, “Taxpayer losses from bailing out Chrysler and GM are expected to rise as high as 34 billion, congressional auditors said.” The reasons why were never made exactly clear.</p>
<p>I remember the positive spin on the stories about GM paying off their loans ahead of time just a few weeks ago. At the time I thought, does this might mean I was wrong about my criticism of the bailouts? Well, no I wasn’t. What actually happened was GM paid back 4.7 billion dollars to wipe the “loan” slate clean. To explain further, GM received 52 billion dollars in TARP money, but only 6.7 billion of it was considered “the loan part.” The rest of it, the 45.3 billion dollars that isn’t “the loan part” one can only assume is taxpayer tip money for doing such a great job running the American car industry into bankruptcy. That part they never have to pay back.</p>
<p>Just to pour salt into the wound, in hearings Senator Grassley observed that GM actually paid back “the loan part” by dipping into their other TARP funds they received. There was no great turn around, and it was certainly not the “huge accomplishment” Biden touted it to be. It’s just a rigged set of books courtesy of a pandering Congress. We’ll give you 52 billion if you promise to pay 6.7 of it back, and you can pay that out of the check we give you. Apparently the government knows the old instant rebate trick as well as the car companies do.</p>
<p>Since GM alone is forever short 45.3 billion and Chrysler will <em>add </em>to that number, it’s unclear how the projected loss can be a smaller number of 34 billion, but when dealing in government speak, there is rarely logic or mathematical sense involved. Just like Ms. Pelosi told us about the awaited numbers in the healthcare bill, they’ll let us know later what the numbers really are, but for now just go sit down and shut up (We’re the government and we can do this.).</p>
<p>So how are they doing? GM turned a first quarter profit of 865 million, and Chrysler lost another 197 million. Does it matter? Fannie and Freddie are still losing. <em>We’re not getting the money back regardless of outcomes</em>. The car companies will just join the other industries at the private slush fund party celebrating. The Fannies and Freddies<a class="highslide" onclick="return vz.expand(this)" href="http://www.stumpreport.com/wp-content/uploads/2010/04/stumpword00100127.jpg"><img class="alignright size-full wp-image-3963" title="stumpword001001" src="http://www.stumpreport.com/wp-content/uploads/2010/04/stumpword00100127.jpg" alt="" width="88" height="153" /></a> and Goldman Sachs and AIGs have learned it really doesn’t matter if you win or lose. It really is how you play the game.</p>
<p>The inside players and the governmental partners rake in personal fortunes in side deals, and management fees for bureaucratic oversight, and administrative fees for bank disbursement handling, and on and on. Plus they still get the their ridiculously high salaries and benefits. It‘s a guaranteed win-win, even if the corporate interests never recover.</p>
<p>As they say, when you get invited to a gamer of Poker, take a look around the table for an obvious sucker. If you don’t see one, you’re it. Or to make it easier, just look at the name tags. All will say “player” except the one that says “taxpayer”.  Same thing.</p>
<p>I suppose while Katie Couric sadly laments the anger of the Tea Party, we’ll just have to grin and bear it until the total collapse of the nation, ala Greece style.</p>
<p>The question then will be, who bails us out?</p>
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		<title>Goldman Sachs Cleans Its Dirty Laundry In DC</title>
		<link>http://www.stumpreport.com/665555-goldman-sachs-cleans-its-dirty-laundry-in-dc/</link>
		<comments>http://www.stumpreport.com/665555-goldman-sachs-cleans-its-dirty-laundry-in-dc/#comments</comments>
		<pubDate>Wed, 12 May 2010 13:01:13 +0000</pubDate>
		<dc:creator>William Burton</dc:creator>
				<category><![CDATA[BREAKING NEWS]]></category>
		<category><![CDATA[Washington In Perspective]]></category>
		<category><![CDATA[Your Economy]]></category>

		<guid isPermaLink="false">http://www.stumpreport.com/?p=4349</guid>
		<description><![CDATA[For the record, eight of the ten brokerage houses that dodged criminal accountability in that same settlement went on to receive TARP funds in 2009]]></description>
			<content:encoded><![CDATA[<p><a class="highslide" onclick="return vz.expand(this)" href="http://www.stumpreport.com/wp-content/uploads/2010/05/stumpword0010012.jpg"><img class="alignleft size-medium wp-image-4375" title="stumpword001001" src="http://www.stumpreport.com/wp-content/uploads/2010/05/stumpword0010012-300x251.jpg" alt="" width="256" height="221" /></a>One morning my brothers and I had a pit war in a cherry tree we were forbidden to be in. When we arrived home in our purplish-red, pit-stained shirts our guilt was obvious and our father rendered what we thought was swift and terrible punishment.</p>
<p>We learned the penalty was too severe to return to the tree of forbidden fruit again. We were never offered a settlement or given an opportunity to “not admit or deny wrongdoing.”</p>
<p>As obvious as the lessons of right and wrong are to children, they seem to be oblivious to our higher educated adult counterparts, especially if they are in Congress, the SEC, or on Wall Street. Goldman Sachs is a prime example.</p>
<p>The May 6th edition of <em>USA Today </em>reported that Goldman Sachs had settled all allegations with the NYSE involving short sales, for $450,000. For their part the terms stipulated that Goldman would not “admit or deny wrongdoing.”</p>
<p>I thought this all had an all too familiar ring, and after some checking I found that it did.</p>
<p>This same Goldman is back in the news lamenting a new set of charges levied against them by the SEC that could cost them more than a billion in settlement dollars, to “not admit or deny wrongdoing.” One article said “Goldman remains furious about being blindsided by the lawsuits filed by the SEC as the regulators did not give the firm a chance to settle.” If this seems audacious, it is, and it fits a pattern of familiarities between Washington, the SEC, and brokerage houses.</p>
<p>This same Goldman Sachs, the one that had just settled for the $450,000.00, was the same Goldman Sachs that had settled a subprime inquiry with the State of Massachusetts in 2009 for 60 million dollars, a settlement that “stopped all further action.”</p>
<p>This same Goldman Sachs was part of a ten brokerage house SEC 2003 complaint that settled fraud allegations for 850 million dollars that they “neither admitted nor denied .” For the record, eight of the ten brokerage houses that dodged criminal accountability in that same settlement went on to receive TARP funds in 2009.</p>
<p>This is also the same Goldman Sachs that contributed 5.9 million dollars in campaign donations to both parties in the 2007-2008 election cycle, including $994,795.00 that went to the Obama campaign. The spread of the donations among influential members would have us believe Goldman is interested in supporting the political interests of both parties.</p>
<p>This same Goldman Sachs has a permanent 12 person lobbying staff. This same Goldman Sachs had its CEO Hank Paulson named Treasury Secretary under the Bush administration. And this same Goldman Sachs had it’s top lobbyist, Mark Patterson, selected to serve as Timothy Geithner’s Chief of Staff.</p>
<p>And, oh yes, it is the same Goldman Sachs that received 10 billion dollars in TARP funds.</p>
<p>If you feel like the DC politicians and Wall Street are at a private party and you weren’t invited, you’re correct. Politicians see nothing wrong, whether it’s Barney Frank defending Fannie and Freddie, Chris Dodd defending Countrywide Mortgage, or both Democrats and Republicans defending the 5.3 million dollars donated in campaign funds by Wall street in this election year alone. It’s an obvious partnership rather than an oversight relationship.</p>
<p>The business of settling matters of fraudulent practices by “neither admitting or denying guilt” is ridiculous. DC postures by day but dines with Wall street by candlelight. <a class="highslide" onclick="return vz.expand(this)" href="http://www.stumpreport.com/wp-content/uploads/2010/04/stumpword00100127.jpg"><img class="alignright size-full wp-image-3963" title="stumpword001001" src="http://www.stumpreport.com/wp-content/uploads/2010/04/stumpword00100127.jpg" alt="" width="88" height="153" /></a>The millions of dollars changing hands and inside job swapping is hardly going to change Wall Street’s fraudulent practices. Brokers now know the worst case scenario of getting caught in the cherry tree is that their benefactors will bail them out.</p>
<p>We don’t need new laws and agencies. We need a few honest men in office to stop the pandering, and insist frauds “admit they broke the laws” when they break them. When the watch dogs are fed steak by the people they’re supposed to be watching, and they do it in plain sight, it’s probably time to clean house.</p>
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		<title>Obama Scolds use of Computer Gadgets</title>
		<link>http://www.stumpreport.com/20000-obama-scolds-use-of-computer-gadgets/</link>
		<comments>http://www.stumpreport.com/20000-obama-scolds-use-of-computer-gadgets/#comments</comments>
		<pubDate>Wed, 12 May 2010 12:47:58 +0000</pubDate>
		<dc:creator>MikeMonpas</dc:creator>
				<category><![CDATA[BREAKING NEWS]]></category>
		<category><![CDATA[Washington In Perspective]]></category>
		<category><![CDATA[obama]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[Teleprompter]]></category>

		<guid isPermaLink="false">http://www.stumpreport.com/?p=4324</guid>
		<description><![CDATA[This weekend at Hampton University, Virginia, the Teleprompter, acting as ventriloquist, used the Presidential puppet to lament that other electronic gadgets such as IPADs and X-Boxes are causing too many distractions.]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;"><a class="highslide" onclick="return vz.expand(this)" href="http://www.stumpreport.com/wp-content/uploads/2010/05/stumpword0010018.gif"><img class="alignleft size-full wp-image-4371" title="stumpword001001" src="http://www.stumpreport.com/wp-content/uploads/2010/05/stumpword0010018.gif" alt="" width="150" height="170" /></a>The bold face truth reversals coming from the Teleprompter become more twisted each time its puppet speaks. This weekend at Hampton University, Virginia, the Teleprompter, acting as ventriloquist, used the Presidential puppet to lament that other electronic gadgets such as IPADs and X-Boxes are causing too many distractions.</p>
<p style="text-align: justify;">
<p style="text-align: justify;">The puppet told his audience that such distractions, arguments, and words floating around in the blogosphere are creating problems for Democracy. Ironically, for the first time since his seizure of power,the Man-Boy in Chief has made a true statement.</p>
<p style="text-align: justify;">During the 2008 United States Presidential Campaign, if it were not for the twenty four hour per day, seven day per week continuous electronic bombardment of Barack Obama sound bytes, then our Democracy might not be on its current eve of destruction. The very tools which the Teleprompter is now having its puppet criticize, are the exact tools which We the People are now using en masse against the Teleprompter’s suicidal policies. The Teleprompter is now angry and jealous. If it’s not careful, it could wind up blowing a cathode-ray tube.</p>
<p style="text-align: justify;">
<p style="text-align: justify;">The puppet, forced to fly solo could be a dangerous thing, or a blessing in disguise. Forced to speak and therefore think in real human language, the puppet may end up coming down to Earth where he could enjoy an epiphany or two.</p>
<p style="text-align: justify;">Chris Matthews may still have a, “tingle running up his leg,” however it is becoming increasingly clear that the rest of America, especially the Independent voters who came out in droves for Obama, have lost that, “loving feeling.” The latest Rasmussen Daily Presidential Tracking Poll shows that only twenty nine percent of American voters now, “Strongly Approve,” of Obama’s job performance. Forty one percent, “Strongly Disapprove,” putting him at a negative twelve overall approval rating.</p>
<p style="text-align: justify;">There must be an air of desperation in the halls of the White House these days. It is quite an odd move for a President of the United States to address new college <a class="highslide" onclick="return vz.expand(this)" href="http://www.stumpreport.com/wp-content/uploads/2010/04/stumpword0010051.jpg"><img class="alignright size-full wp-image-3735" title="stumpword001005" src="http://www.stumpreport.com/wp-content/uploads/2010/04/stumpword0010051.jpg" alt="" width="90" height="142" /></a>graduates with a chastisement of electronic devices which are the fruits of Western technological progress. According to the Teleprompter, the solution to all of these problems presented by the distractions of IPADs and X-Boxes is, “education.”</p>
<p style="text-align: justify;">Of course, “education,” in the truth reversal narrative of the Teleprompter, actually means, “re-education.” Today’s lazy college graduates unable to find meaningful work should head for the coffee houses to cram for their Carl Marx final. All Americans may soon be forced to take it if they want to remain as citizens.</p>
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		<title>America&#8217;s Getting &#8220;Greeced&#8221; Under Obama</title>
		<link>http://www.stumpreport.com/443450-americas-getting-greeced-under-obama/</link>
		<comments>http://www.stumpreport.com/443450-americas-getting-greeced-under-obama/#comments</comments>
		<pubDate>Tue, 11 May 2010 00:08:46 +0000</pubDate>
		<dc:creator>William Burton</dc:creator>
				<category><![CDATA[BREAKING NEWS]]></category>
		<category><![CDATA[Washington In Perspective]]></category>
		<category><![CDATA[Your Economy]]></category>
		<category><![CDATA[American Economy]]></category>
		<category><![CDATA[Socialism]]></category>
		<category><![CDATA[World Economy]]></category>

		<guid isPermaLink="false">http://www.stumpreport.com/?p=4329</guid>
		<description><![CDATA[Another giant bailout is in play, this time for a country “too big too fail.” It isn’t a matter of proactively attempting to save Greece. It’s more that the member nations are trying to defensively avoid being sucked down the same drain.]]></description>
			<content:encoded><![CDATA[<p>Financially Greece is wobbling like the lead domino in the European Common Market, threatening to collapse into Portugal, and Portugal into Spain, and who knows where from there. What was initially presumed to be a unity to strengthen the monetary system for member nations may actually bind the strongest financially to the fate of the weakest. Sometimes that’s what happens when the finest progressive minds come up with a plan.</p>
<p><a class="highslide" onclick="return vz.expand(this)" href="http://www.stumpreport.com/wp-content/uploads/2010/05/stumpword0010016.gif"><img class="alignleft size-full wp-image-4340" title="stumpword001001" src="http://www.stumpreport.com/wp-content/uploads/2010/05/stumpword0010016.gif" alt="" width="115" height="138" /></a>Another giant bailout is in play, this time for a country “too big too fail.” It isn’t a matter of proactively attempting to save Greece. It’s more that the member nations are trying to defensively avoid being sucked down the same drain. The nervousness of the world’s money markets, including Wall Street, reflects that no one is yet completely confident that the proposed bailout fix will work. The problem? Runaway debt that Greece can’t cover.</p>
<p>There are very valuable lessons to be learned here. Unfortunately America seems to be learning none of them. We’re hindered with Harvard elitists leading us.</p>
<p>The root of the problem is socialism. In our country we can substitute the word liberalism, as they both seek the same outcome, a ruling class. Though it is a political system, financially speaking socialism is a process of governing that invariably bankrupts itself. It can produce no other long term outcome because socialism destroys motivation by its very design.</p>
<p>Socialism is marketed by a political party, in our case liberal democrats, like a product. It’s a government benefits sale package. It gains political favor and power by promising “have nots” a bigger share of the “haves” pie, by making free market profiteers give up more of their surpluses. This appeals to a widespread underclass seeking shortcuts to security, but the practical effect of this system is that it breaks down free markets.</p>
<p>When someone produces something, whether it’s money or marbles, and the state seizes the increase, inevitably that person stops producing. That’s human nature. People that produce move on to another place where the rewards of their labors are not seized by the state. Hypothesizing and postulating doesn’t change that truth. That’s just the way it is and ever shall be, amen.</p>
<p>Under socialism ( or liberalism ) productivity declines. Simultaneously the people receiving entitlements become less motivated to produce in an atmosphere where benefits are given to them. They don’t usually rise to build new enterprises. Usually they demand more benefits. The math is simple; when you promise to pay out more than you take in it leaves a mess. Then liberal elites create more government to rule over the mess their faulty design caused, but then that was the goal to begin with;  to rule.</p>
<p>Socialists are promise givers rather than promise keepers. In modern times they pass laws that obligate the state to massive spending for entitlement and benefit programs. This spending forces borrowing to pay for the excesses. Since production decreases the doomsday is inevitable. In a nut shell that’s what ruined Greece financially, and that’s also the course of America right now. It is textbook liberalism. <em>But notice the liberals remain in power.</em></p>
<p>In America under the banner of progressive change, this same liberal doctrine is promising the same shortcuts by the same methods, seizing control and profits away from the free market. We are running up unsustainable debt, enacting massive government benefit programs and establishing government bureaucracies to run them. <a class="highslide" onclick="return vz.expand(this)" href="http://www.stumpreport.com/wp-content/uploads/2010/04/stumpword00100127.jpg"><img class="alignright size-full wp-image-3963" title="stumpword001001" src="http://www.stumpreport.com/wp-content/uploads/2010/04/stumpword00100127.jpg" alt="" width="88" height="153" /></a>The promises are utopian, but the long term outcome cannot be a different one than what socialism always produces. Ruination.</p>
<p>The end is predictable. So why do these elites do it? Because they love to rule. They believe it’s their destiny. More than that, while it’s not an equal opportunity business, liberal elitism pays handsomely. Check it out. They get elected, control the lives of others, and become super rich. Try to find a poor liberal in the Senate or the White House.</p>
<p>In the end it’s all about the money. Liberal elitists believe what’s yours is theirs. And that’s not any better for you than it is for America.</p>
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		<title>Can Barney Frank Be Defeated? Sean Bielat Says Yes!</title>
		<link>http://www.stumpreport.com/717756-can-barney-frank-be-defeated-sean-bielat-says-yes/</link>
		<comments>http://www.stumpreport.com/717756-can-barney-frank-be-defeated-sean-bielat-says-yes/#comments</comments>
		<pubDate>Thu, 06 May 2010 14:17:24 +0000</pubDate>
		<dc:creator>William Burton</dc:creator>
				<category><![CDATA[BREAKING NEWS]]></category>
		<category><![CDATA[Washington In Perspective]]></category>
		<category><![CDATA[Barney Frank]]></category>
		<category><![CDATA[Democratic Party]]></category>
		<category><![CDATA[Election projections]]></category>
		<category><![CDATA[Massachusetts Election]]></category>

		<guid isPermaLink="false">http://www.stumpreport.com/?p=4270</guid>
		<description><![CDATA[Frank’s relationship with the government-chartered Fannie Mae and Freddie Mac has been repeatedly attacked as they became embedded in multiple scandals involving lobbying practices, accounting procedures, and financial losses]]></description>
			<content:encoded><![CDATA[<p><a class="highslide" onclick="return vz.expand(this)" href="http://www.stumpreport.com/wp-content/uploads/2010/05/stumpword0010013.gif"><img class="alignleft size-full wp-image-4291" title="stumpword001001" src="http://www.stumpreport.com/wp-content/uploads/2010/05/stumpword0010013.gif" alt="" width="245" height="214" /></a>According to the website Election Projections, Massachusetts is the fifth least conservative state in the union. They have ten congressional seats and all ten are occupied by elected Democrats. For any other party trying to break in, that’s 10 to 1 odds against it, but this hasn’t daunted ex marine and businessman Sean Bielat. He’s running for District Number 4.</p>
<p>Barney Frank happens to be the Democratic congressman who holds office in District Number 4 and he’s held it since 1980. Moreover he’s been reelected 14 times. He chairs the powerful House Financial Services Committee. By anyone’s definition he is a formidable opponent. But Bielat says “I think he is softer than most people imagine.</p>
<p>If we can’t do it this year this guy’s going to be there until he retires.” Sean wants to be the man to retire him. In fact he calls his blog, RetireBarney.com &#8211; a catchy way of using Frank’s name recognition to his advantage.</p>
<p>There are big contrasts. Sean Bielat, a Republican, is not a household name. Barney Frank is a very well known Democrat. Going into April, Bielat had a first quarter campaign chest of $80,000.00, while Frank is in the million dollar club. It is a David and Goliath match up. Still, as history recalls, Goliath did fall.</p>
<p>Frank has not been without controversy during his reign. In 1989 he was censored by the House ethics committee for helping fix parking tickets involving an associate of dubious character. Frank admitted and survived this error in judgment. Frank’s relationship with the government-chartered Fannie Mae and Freddie Mac has been repeatedly attacked as they became embedded in multiple scandals involving lobbying practices, accounting procedures, and financial losses. Barney Frank heads the committee responsible for the only oversight the mortgage giants are subject to, and critics hold that oversight has been sorely lacking.</p>
<p>Currently there are voices calling for more explanation of Mr. Frank’s involvement in helping a bank in his district receive TARP funds. The allegations are that he spoke to then Treasury Secretary Hank Paulson on behalf of the Boston based One United Bank, which was subsequently awarded $12,063,000.00 in bailout funds. The financial health of the bank, as well as the appropriateness of the intervention, is in question.</p>
<p>To be fair Barney Frank has eaten humble pie at times, but he’s also been famously aggressive when responding to critics. Bielat has, in fact, used this to his campaign’s advantage saying, “He’s abrasive. Every time he comes and speaks in the district it works for me.” It appears Barney’s allowed his tone to become a campaign issue.</p>
<p>What can be said about Barney Frank is this: he keeps winning elections. On a national level conservative pundits view Congressman Frank as someone who should be<a class="highslide" onclick="return vz.expand(this)" href="http://www.stumpreport.com/wp-content/uploads/2010/04/stumpword00100127.jpg"><img class="alignright size-full wp-image-3963" title="stumpword001001" src="http://www.stumpreport.com/wp-content/uploads/2010/04/stumpword00100127.jpg" alt="" width="88" height="153" /></a> vulnerable, but on home turf, Barney Frank wins impressive victories. Still, Sean Bielat believes the mood of the public has justifiably changed towards Congress and towards incumbents in specific. He views the Scott Brown victory as a sign that this time is the right time for change.</p>
<p>Sean Bielat is not alone in the race. He has two other Republicans to face in the primary, but he is gaining steam, emerging as the front runner, and leading in campaign funding. He is using the “C” word &#8211; conservative &#8211; in his appearances and that bodes well with folks in other parts of the country anxious for the kind of change that a Barney Frank defeat would represent.</p>
<p>The Scott Brown candidacy benefited from out of state support from Tea Party advocates, as does currently the Marco Rubio campaign in Florida, and the Chuck Devore campaign in California. Sean Bielat thinks his candidacy is also nationally important and is looking forward to generating the same kind of excitement and support.</p>
<p>Will this David be able to slay Goliath? Time will tell, but it does appear that at least the necessary confidence factor is in place. We’ll have to hear more from him and then see how good Bielat is with a sling shot. For now it looks like he’s taking aim.</p>
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		<title>Times Square Bomb Attempt</title>
		<link>http://www.stumpreport.com/659999-times-square-bomb-attempt-2/</link>
		<comments>http://www.stumpreport.com/659999-times-square-bomb-attempt-2/#comments</comments>
		<pubDate>Mon, 03 May 2010 13:01:41 +0000</pubDate>
		<dc:creator>MikeMonpas</dc:creator>
				<category><![CDATA[BREAKING NEWS]]></category>
		<category><![CDATA[Washington In Perspective]]></category>
		<category><![CDATA[American Terrorism]]></category>
		<category><![CDATA[Janet Napolitano]]></category>
		<category><![CDATA[Muslim Terrorist]]></category>
		<category><![CDATA[National Defense]]></category>
		<category><![CDATA[Terrorist attack]]></category>
		<category><![CDATA[time square bomb]]></category>

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		<description><![CDATA[On Saturday night while President Obama was busy making racial jokes about Arizona, a terrorist placed a car bomb in our most targeted city. They are now searching for a white male in his forties]]></description>
			<content:encoded><![CDATA[<div style="float: left;"><a href="http://view.picapp.com/default.aspx?term=new york car bomb&amp;iid=8679206" target="_blank"><img src="http://cdn.picapp.com/ftp/Images/0/7/c/e/Car_Bomb_Found_3d1b.jpg?adImageId=12730487&amp;imageId=8679206" border="0" alt="Car Bomb Found In New York's Times Square" width="234" height="165" /></a></div>
<p><script src="http://cdn.pis.picapp.com/IamProd/PicAppPIS/JavaScript/PisV4.js" type="text/javascript"></script></p>
<p style="text-align: justify;">Curtailing National Defense in the middle of a war is an interesting tactic. In fact, it is one that has never been successfully attempted before. Even the most casual students of World History can recall what happened when Nero fiddled. Of course, according to the mainstream American media, we have also never been blessed with such ultra intelligent leaders as Obama and his top notch subordinate geniuses.</p>
<p style="text-align: justify;">Homeland Security Chief, Janet Napolitano, pulled a page out of George Orwell’s 1984, and created a new euphemism for our nine year-old war against Islamic radicals. Instead of a war, we are now involved in an, “Overseas Contingency Operation.” When taking part in such a blatant euphemism, it is important to convey to the civilian masses that are being attacked, that they are not really being attacked at all. Consequently, Homeland Security has been forced to toss the phrase “terror attack,” down the memory hole as well. The new operational phrase is, “Man Created Disaster.”</p>
<p style="text-align: justify;">Thanks to an alert Veteran, and a brave New York City Police Officer, a potential, <em>Man Created Disaster </em>has been averted in Times Square. The constant criticism of the previous Administration run by George W. Bush for his simple belief in, “fighting terrorism over there, so that it doesn’t come over here,” has disappeared. America’s last line of defense has become its first, and the former critics now have no comment.</p>
<p style="text-align: justify;">The Obama Administration’s main problem presented by this near <em>Man Created Disaster, </em>seems to be one of public relations.</p>
<p style="text-align: justify;">Although the Pakistani Taliban has claimed responsibility for the failed car-bomb which was placed in front of Viacom Headquarters, the Obama-controlled media has been quick to point out that there is no direct evidence of a link.</p>
<p style="text-align: justify;">Viacom is the parent company of Comedy Central, the cable channel which recently aired South Park’s episode 200 in which Mohammed was portrayed in a bear costume, ostensibly in order to <em>not offend</em> any potential Islamic terrorists.</p>
<p style="text-align: justify;">South Park creators Trey Parker and Matt Stone have made their living by mocking America’s rampant left wing political correctness. Although they will never publicly admit to being conservative, their work speaks volumes. They have portrayed Al Gore as a paranoid self-absorbed weirdo who scares children into believing that there is a mythical creature known as “Man-Bear-Pig.” (It becomes obvious to the audience that “Man-Bear-Pig” is a symbol for Gore’s belief in Global Warming).</p>
<p style="text-align: justify;">
<p style="text-align: justify;">The two comedians have also taken shots at radical Islam in the past with their movie, “Team America: World Police.” In their movie, not only do the members of <strong>Team America </strong>fight terrorists overseas, they end up fighting Hollywood celebrities that are busy making alliances with America’s enemies. In slow motion during one of the film’s climatic scenes, Alec Baldwin ends up being killed several times over. <strong>Team America: World Police </strong>has become a “cult classic,” among our frontline grunts.</p>
<p style="text-align: justify;">On Saturday night while President Obama was busy making racial jokes about Arizona, a terrorist placed a car bomb in our most targeted city. They are now searching for a white male in his forties. The video has just been released, and the suspect&#8217;s race and age are not as clear as the script from which mainstream media commentators <a class="highslide" onclick="return vz.expand(this)" href="http://www.stumpreport.com/wp-content/uploads/2010/04/stumpword0010051.jpg"><img class="alignright size-full wp-image-3735" title="stumpword001005" src="http://www.stumpreport.com/wp-content/uploads/2010/04/stumpword0010051.jpg" alt="" width="90" height="142" /></a>seem to be reading.  We can only wait for more details.</p>
<p style="text-align: justify;">
<p style="text-align: justify;">It would not be a surprise if reports, but no clear pictures are leaked over a long time frame. We’ll probably hear that the perpetrator changed from a Rush Limbaugh t-shirt into a Glenn Beck t-shirt, and that he was wearing a Michael Savage hat.</p>
<p style="text-align: justify;">If it does turn out that the perpetrator was an Islamic radical, you can rest assured that the report will end up on the bottom of page fifty two of the New York Times, and that it will be never mentioned again.</p>
<p style="text-align: justify;">Although New York City Mayor Bloomberg is not a bomb expert, he has let the world know that the SUV bomb appeared to be the work of amateurs. During President George W. Bush’s two terms we only experienced one attack on American soil. Obama has only been in office for little over a year, and we have already experienced three attacks. It seems as if the only thing amateurish about this attempt is the intelligence coming from our highest office.</p>
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