Monthly Archives: March 2009

Mar 30 2009

World Stocks Tumble amid renewed auto, banking fears

Stock market sentiment was hit by a combination of factors on Monday, with automakers under particular pressure after the White House rejected the turnaround plans from General Motors Corp. and Chrysler. The Obama administration also replaced GM’s CEO Rick Wagoner with the company’s chief operating officer Fritz Henderson.

Banking stocks were also sold off heavily after U.S. Treasury Secretary Tim Geithner failed to rule out in a weekend interview the possibility that some of the U.S. banks may need more government funds to get them lending again. A bailout fund for battered banks still has $135 billion left in it, although Geithner said a second batch of money might be needed, despite public frustration with the already allocated money. Read More

Seem that Obama is wanting to design and build cars himself and not leave anything to the American companies! Do you want the government building your autos? The government can not run social Security or medicare so how do you expect it to do on running big auto companies? I see a dictator takeover!

LINKS:

(1) Financial manipulation alert: Did AIG bailout money secretly prop up banks?

(2) US Dollar: A Sinking Ship?

Mar 29 2009

Obama showing his weakness on North Korea fire the missile issue

The United States can do nothing to stop North Korea from breaking international law in the next 10 days by firing a missile that is unlikely to be shot down by the U.S. or its allies, Defense Secretary Robert Gates said Sunday.

Appearing on “FOX News Sunday,” Gates said North Korea “probably will” fire the missile, prompting host Chris Wallace to ask: “And there’s nothing we can do about it?”

“No,” Gates answered, adding, “I would say we’re not prepared to do anything about it.”

Last week, Admiral Timothy Keating, commander of U.S. forces in the Pacific, said the U.S. is “fully prepared” to shoot down the missile. But Gates said such a response is unlikely…..Keep reading

Missile experts from Iran are in North Korea to help Pyongyang prepare for its rocket launch, according to reports.

Amid increasing global concern over the rocket launch, believed by the U.S. and its allies to be an illegal missile launch, Japan’s Sankei Shimbun newspaper claimed today a 15-strong delegation from Tehran has been in the country advising the North Koreans since the beginning of March.

The Iranian experts include senior officials with Iranian rocket and satellite producer Shahid Hemmat Industrial Group, the daily said. Read more

Obama showing his Weakness. We have another Jimmy Carter, the only thing is Obama is a worst president than Jimmy Carter was. Does not Obama say he’s going to cut out missile defense? If he wants to keep America safe then should he not keep our missile well funded? I asked, you answer! Also do you feel safer today under the leadership of Obama then you did under the leadership of President G.W. Bush? This American does not!

LINKS:

(1) North Korea to put American journalists on trial

Mar 29 2009

Blagojevich List Included Senate Hopefuls

A list of people targeted for contributions by former Illinois Gov. Rod Blagojevich’s campaign committee included four possible candidates for appointment to President Barack Obama’s vacant Senate seat, according to the report below.

Four potential candidates for President Obama’s vacant Senate seat were each to be targeted for contributions by ex-Gov. Rod Blagojevich’s campaign as part of an aggressive, $2.3 million race for cash late last year, an internal campaign document obtained by the Chicago Sun-Times shows.

The four were among about 150 people targeted for contributions by the Friends of Blagojevich campaign organization by the end of 2008, when a new Illinois law took effect that bans taking money from state contractors and appointees, the document shows.

The list created by his campaign organization shows that, during the time he was deciding on a Senate replacement for Obama, Blagojevich targeted billionaire J.B. Pritzker, Rep. Jan Schakowsky, Rep. Luis Gutierrez and Roland Burris, the man he ultimately appointed, to approach for contributions. All were reported to be under consideration for the Senate post.

An emissary for a fifth candidate for the Senate seat, Rep. Jesse Jackson Jr., was also on the list, as were two others who were being discussed as possibilities for the Senate seat Chicago Park District board President Gery Chico and former Blagojevich spokeswoman Cheryle Jackson.

Many on the list said they had no idea they were on it. Among them: Pritzker, targeted for $100,000.

The list includes at least half a dozen people Blagojevich had appointed to state…..keep reading

More names and information should come out before much longer I would think!