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Barney Frank, the Wonderful Public Servant

Posted by Defend America on Thursday, July 02, 2009 6:59:31 AM

Barney Frank: Let's spend TARP profits before taxpayers can get them

By: Byron York
Chief Political Correspondent
07/01/09 9:19 PM EDT

When President Obama announced on June 9 that some financial institutions would be allowed to repay Troubled Asset Relief Program dollars, he said the massively expensive TARP bailout had made money for the federal government.  "It is worth noting that in the first round of repayments from these [TARP recipients], the government has actually turned a profit," the president said.  Indeed, TARP supporters have long held out the hope that the program might be profitable.

But now Rep. Barney Frank, the chairman of the House Financial Services Committee, has come up with a proposal to spend any TARP profits before they can be returned to the taxpayers.  Last Friday, Frank introduced the "TARP for Main Street Act of 2009," a bill that would take profits from the program and immediately redirect them toward housing proposals favored by Frank and some fellow Democrats.

http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Barney-Frank--49649362.html
Tags: Bailout   frank  
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The Global Warming Skeptic Whose Report was Suppressed by the EPA Talks About His Findings

Posted by Defend America on Thursday, July 02, 2009 6:56:35 AM
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Helen Thomas Criticizes Obama?

Posted by Defend America on Thursday, July 02, 2009 6:51:45 AM
This came at a White House Press Conference, where she questioned the transparency of the government. She couldn't believe that the could be transparent if they stage the questioners.

Here is the video:



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Daniel Inouye and His Ties to a Bank Receiving Money

Posted by Defend America on Thursday, July 02, 2009 6:42:41 AM

After Call From Senator's Office, Small Hawaii Bank Got U.S. Aid

By Paul Kiel and Binyamin Appelbaum ProPublica and Washington Post Staff Writer
Wednesday, July 1, 2009

 Sen. Daniel K. Inouye's staff contacted federal regulators last fall to ask about the bailout application of an ailing Hawaii bank that he had helped to establish and where he has invested the bulk of his personal wealth.

The bank, Central Pacific Financial, was an unlikely candidate for a program designed by the Treasury Department to bolster healthy banks. The firm's losses were depleting its capital reserves. Its primary regulator, the Federal Deposit Insurance Corp., already had decided that it didn't meet the criteria for receiving a favorable recommendation and had forwarded the application to a council that reviewed marginal cases, according to agency documents.

http://www.washingtonpost.com/wp-dyn/content/article/2009/06/30/AR2009063004229.html?hpid=topnews
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Dialogue and Diplomacy Continues to Work Beautifully

Posted by Defend America on Thursday, July 02, 2009 6:11:59 AM

  • North Korea Fires Missiles

    URGENT: North Korea test-fires a pair of what appear to be short-range missiles off its east coast, official says

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Even with No Official Announcement, It will be Sestak Against Specter

Posted by Defend America on Wednesday, July 01, 2009 11:12:47 PM

Tape: Sestak running against Specter

Contrary to claims by his people to me this afternoon, Philly-area Democratic Rep. Joe Sestak clearly told the Wayne Independent he's running against incumbent Arlen Specter in the '10 Democratic primary, according to the recording of an interview provided to POLITICO by the reporter.

Sestak's people pushed back when reporter Steve McConnell posted a story quoting the former Navy Rear Admiral as saying he was "going to" run against Specter.

http://www.politico.com/blogs/glennthrush/0709/Tape_Sestak_running_against_Specter.html?showall

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More Polls Turning Against Obama

Posted by Defend America on Wednesday, July 01, 2009 2:14:06 PM
Public Support for Sotomayor Falls After Supreme Court Reversal

A heavily publicized U.S. Supreme Court reversal of an appeals court ruling by Judge Sonia Sotomayor has at least temporarily diminished public support for President Obama's first Supreme Court nominee.

The latest Rasmussen Reports national telephone survey, conducted on the two nights following the Supreme Court decision, finds that 37% now believe Sotomayor should be confirmed while 39% disagree.

Two weeks ago, the numbers were much brighter for the nominee. At that time, 42% favored confirmation, and 34% were opposed.

http://www.rasmussenreports.com/public_content/politics/obama_administration/june_2009/public_support_for_sotomayor_falls_after_supreme_court_reversal

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July 1st in American History

Posted by Defend America on Wednesday, July 01, 2009 12:34:11 PM

1862 - The U.S. Congress established the Bureau of Internal Revenue.


July 1, 1863

The Battle of Gettysburg begins

The largest military conflict in North American history begins this day when Union and Confederate forces collide at Gettysburg. The epic battle lasted three days and resulted in a retreat to Virginia by Robert E. Lee's Army of Northern Virginia.

http://www.history.com/this-day-in-history.do?action=Article&id=2229

July 1, 1898

The Battle of San Juan Hill

As part of their campaign to capture Spanish-held Santiago de Cuba on the southern coast of Cuba, the U.S. Army Fifth Corps engages Spanish forces at El Caney and San Juan Hill.

http://www.history.com/this-day-in-history.do?action=Article&id=5140

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The Democrats are Very Good at This

Posted by Defend America on Wednesday, July 01, 2009 9:59:52 AM

PRLDEF dumps 350 pages of S'mayor docs

The Hispanic advocacy group with close ties to Sonia Sotomayor has dumped hundreds of documents on the Judiciary Committee, which demanded them in a letter last month, the AP reports.

The hot stuff: Papers pertaining to the group's opposition to Robert Bork and S'mayor's possible involvement in that effort and PRLDEF's links to ACORN.

http://www.politico.com/blogs/glennthrush/0709/PRLDEF_dumps_350_pages_of_Smayor_docs.html?showall

Tags: sotomayor  
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Gillibrand Has an Opponent in Next Year's Senate Election in NY

Posted by Defend America on Wednesday, July 01, 2009 9:58:07 AM

Rep. Maloney vows to challenge Sen. Gillibrand for Senate seat in primary

BY Michael Saul
DAILY NEWS POLITICAL CORRESPONDENT

Wednesday, July 1st 2009, 4:00 AM

Rep. Carolyn Maloney has decided to take on Sen. Kirsten Gillibrand in the 2010 Democratic primary, refusing to bow to party leaders who want her to stay out, the Daily News has learned.

"She's definitely decided to run," said a senior Maloney adviser, speaking on condition of anonymity. "She's in it."

Maloney, a congresswoman since 1993 for Manhattan's East Side and a slice of Queens, will make an official announcement in two weeks, the adviser said.

http://www.nydailynews.com/news/politics/2009/07/01/2009-07-01_maloney_vows_to_challenge_gillibrand.html?print=1&page=all
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Anything that Endangers Our Security is Good for the ACLU and Obama

Posted by Defend America on Wednesday, July 01, 2009 9:54:30 AM

CIA Report Set for Release

Internal report on the agency's secret detention and interrogation program to be released after initial delay
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Another Day Another Firing of an Inspector General

Posted by Defend America on Wednesday, July 01, 2009 9:36:08 AM
Who Railroaded the Amtrak Inspector General?
by Michelle Malkin

Watchdogs are an endangered species in the Age of Obama. The latest government ombudsman to get the muzzle: Amtrak Inspector General Fred Weiderhold. The longtime veteran employee was abruptly "retired" this month -- just as the government-subsidized rail service faces mounting complaints about its meddling in financial audits and probes.

Question the timing? Hell, yes.

http://townhall.com/columnists/MichelleMalkin/2009/07/01/who_railroaded_the_amtrak_inspector_general
Tags: Malkin   obama  
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