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  • Morning Bell: Bonus Outrage You Can Believe In

    Speaking to a crowd of 1,500 supporters in Costa Mesa, California, about the bonuses given to employees of 80% taxpayer owned AIG, President Barack Obama said: “I know a lot of you are outraged about this. I’m outraged, too.” We’ll leave for others to decide the level of Obama’s outrage, especially considering reports this morning that the Obama Administration found out about the bonuses on February 28, not March 10, as they originally claimed. But what we would like to see some genuine outrage over are the millions of taxpayer dollars going to executives at the taxpayer owned companies Freddie Mac and Fannie Mae.

    Fannie and Freddie reported combined losses of about $108 billion last year. But the damage they caused the entire economy goes far beyond the losses on their balance sheets. Fannie and Freddie are at the core of the current economic meltdown. Although they were only recently fully taken over by the government; for much of their existence Fannie and Freddie were quasi-governmental agencies that made no actual home loans. Instead they buy loans from banks, and then bundle and repackage them as securities. For years Fannie and Freddie leveraged their government-sponsored advantages — including exemptions from state and federal taxes, lower capital requirements, and the ability to borrow at rates well below those paid by private companies — to create a co-monopoly in the housing finance sector.

    Contrary to what the left claims, Fannie and Freddie were integral to the creation and expansion of the subprime loan industry. With Fannie and Freddie as their largest customer, subprime king Countrywide Financial grew from a tiny institution to the largest mortgage lender in the country. Fannie and Freddie’s subprime business was not isolated to Countrywide. Fannie and Freddie both bought subprime securities since 1995, and by 2004 they were purchasing $175 billion worth of such securities a year, or 44% of the entire market. From 2003 through 2006 Fannie and Freddie bought more than a half trillion dollars in subprime securities. That is more than any other purchaser in the entire world.

    In 1991, following the Savings and Loan disaster, Heritage pushed for the full privatization of Fannie and Freddie, predicting that “maintaining secondary mortgage firms in a twilight zone between the public and private sectors … may be a recipe for an eventual taxpayer bailout.” We just didn’t realize how huge that bailout would be.

    Back in California, Obama told his audience: “We’re going to do everything we can to fix it. So for everybody in Washington who’s busy scrambling, trying to figure out how to blame somebody else, just go ahead and talk to me, because it’s my job to make sure that we fix these messes, even if I don’t make them.” President Obama did not create the Fannie and Freddie disaster, but he is not fixing it either. Instead of learning from the disastrous consequences of Fannie and Freddie’s market distorting housing interventions, the Obama Administration is doubling down by making Fannie and Freddie a center piece of their housing plan. Now that is something to be outraged over.

    Quick Hits:

    Posted in Ongoing Priorities [slideshow_deploy]

    50 Responses to Morning Bell: Bonus Outrage You Can Believe In

    1. Ken Las Vegas says:

      In Nevada they allready are in unions having been sold out many years ago, when you make it better here than in Mexico for them the choice is easy. Let the taxpayer pay for it and hide hide the costs to the people we give these free loaders free medical, bank accounts, education and they are even allowed to steal college slots from our citizen children as they can't ask if you are here illegally. Hell they get benefits us citizens can't even get, also accourding to the gov accounting office there are 40 million here not 12 but who cares right. I for one do as do millions of others but a country that can't keep Fredie and fannie from stealing us blind what more can you say. We have become a nation of free rides for everyone who can break our laws to get here. then we treat them like our own citizens we are giving away our country and our elected officials are doing it.

    2. Ken Las Vegas says:

      Perhaps illegals should be told it is a privilege not a right to live in this country except they know it is a right now, no questions asked.

    3. Kerry Redmond Colora says:

      From what I understand, there is substantial evidence out there that proves that BO is NOT a natural born citizen, and even if he was, his citizenship would have been waved when he was a child due to the FACT that his stepfather at the time had moved them all to Indonesia to live on a permanent basis. So why can we not throw the Scumbag out of the seat and the country that he is abusing.

    4. Ken Jarvis - Las Veg says:

      "Births to unwed mothers reached an all-time high of about 40 percent last year, with more than three-quarters of these women were 20 or older."

      Isn't THAT what is to be expected

      because the HF, Boss Rush, and the Cs

      are against Birth Control, and Condom Education.


      they Tell Black Unwed Teenagers

      if you get PG

      that is OK,

      but YOU have to pay for it yourself

      the Cs could care less.


    5. Nelia, Fountain Hill says:

      It's a little like acne: You just begin to recognize and treat one pimple when another breakout occurs. Now Obama wants to ease the path to citizenship for illegal aliens so they can become Union members. How do we slow, let alone stop the path to socialism?

    6. Van says:

      Illigal immigration will take center stage again within a few months. Our borders have to be secured since new tax laws, medical insurance reform and schools are getting stimulus money. All these programs will not work if we have open borders. With open borders and these programs, it would be like subsidizing the country of Mexico at our expense. No way!

    7. Larry Townley says:

      As a tax payer I am appalled by these bonuses, as a union member I am appalled by giving a path to citizenship to ILLEGAL immigrants so they can join unions. The employee free choice act is a load of BS, secret ballots should be kept, thats one of the founding tenets of our country.

      As a conservative I am disgusted with some radio show hosts, who are defending the bonuses, as a legal contract. These same hosts carp when union members get a bonus calling it extortion, its not we the union members get a small share of the profit made by the company if no profit then no bonus. The CEO's and members of the board of companies get a bonus even after they drive the company into the ground, how is this fair?

      I am telling you the conservative movement is losing a lot of union people over this issue, just as the dems are losing us on the immigration issue.

      The GOP needs to reach out to the unions and tell us what they are trying to do for us instead of constantly berating us as a bunch of ill educated buffoons. Many union members are now college educated, 99% of us actually can read and write, and regardless of what the union officials say about 40-50% of us are,or vote for, conservatives.

    8. Mark Y Durango,Co says:

      If Republicans were behind this mess they already would be in jail. The liberal media would have tarred and feathered all of them by now. I guess the national healthcare plan includes illegal aliens but not VETERANS. What a joke. Obama supporters, how you must be proud.

    9. Ron, Derry NH says:

      Uncle Sam has trouble in the hen house as chickens are being eaten every night. His farm hand is the local fox and he is fast and sly, that is why he hired him. Old uncle Sam thought he hired the best sliest coolest farm hand ever and wondered why no one else thought of him because he knows the fox knows chickens.

      Every night the chickens get eaten any way but Uncle Sam can't figure it out.

      Freddie Mac and Fannie Mae are good hen houses with terrible farmers running them, and the new landlord is a snake, so I think even the eggs are going to get eaten before Uncle Sam gets the wiser. Don't expect any different from role players until Uncle Sam wakes up, but I think he's still sipping the gin of election euphoria.

      If Uncle Sam is addicted to the temptations of the gin, the chickens are screwed along with the eggs.

    10. J.C. Hughes, Texas says:

      "…make sure that we fix these messes, even if I don’t make them.” How old is this guy? It's like you've got a 12 year old running the White House. He and his demagogue congress are obviously playing loose and fast with taxpayer dollars. It's time this president gets a grip of reality.

    11. J.C. Hughes, Texas says:

      PS. Repealing the 16th amendment and replacing it with a fair tax would resolve the "free ride" senario. Many states, such as Nevada and Texas, don't tax personal income and they're doing just fine. Last I checked, 40% of Nevada's revenue was from their gaming industry.

    12. Ken in Texas says:

      We vs. Barney Franks

      Barney! We know the truth about Freddy Mac and Fanny Mae. The love affair. We are following the money. Flee!

      Barney! We know the truth about the sex lies and videotapes. Your scandalous tolerance of gay prostitution business. We are following the money. Flee!

      Barney! We know about the contacts between Madoff and those that helped him, worked with him to pull off the second biggest scam on Americans. You know whom we speak of. We are following the money. In the first biggest scam portrayed on your fellow Americans. Flee!

      Barney! We know the power behind President Obama. Those that instruct him. The deals made behind close doors. We are following the money. Flee!

      Barney! We know about deals being made between this administration and the ACORN Group. Who the broker it. That’s why we are following the money. Flee!

      Barney! We hope keeping thinking that you are beyond or above our reach. It makes it easer to follow the money. We are following the money Mr. Franks. Flee!

      Barney! Who will be standing by your side, when you are left alone at the podium to answer questions. Have no doubt they will throw you under the bus. We will make no deals, offer nothing, We will put you where you belong. We are following the money. Flee!

      We are the people of the United States, YOUR BOSS, and we are following the money. Our advice is flee the office you hold without distinction. You failed to fulfill your oath of office. You Mr. Franks are an embarrassment to the people of your district, the people of Massachusetts, and to the people of the United States. You are a representative of one.Yourself. FLEE!

    13. mike baker Dallas Ce says:

      The good news is: Liberals and honest socialists are still a minority of the population. The bad news is: The larger part of the majority can't see the big picture yet. How many "Kennedy Democrats" realize they are now "Soros Democrats"?

    14. Ken Jarvis - Las Veg says:

      AIG CEO

      Edward Libby

      was appointed by BuSh, Sept 19, 2008

      He is a $1.00 a year man.


      Yesterday, on CSpan

      they showed the Congressional hearing.

      Libby said – AIG Will REPAY THE FED FIRST

      THEN THE Treasury.


    15. Dave O, VA says:

      This pile of dominos started with mortgages. There would be no mortgage crisis if mortgage companies had to eat what they cook.

      By Congress opening the door for Fannie and Freddie to accept questionable mortgage loans, it gave mortgage companies the green light to sell their highly profitable but risky loans at no risk to themselves. F&F took the risky loans off their hands and we citizens now pay the tab. While F&F were not technically guaranteed by the US Govt, the understanding by the financial world was that the US guarantee was “implied”–the Govt wouldn't let F&F fall. You can thank the Congress during the Clinton administration.

      All this because members of Congress thought homeownership should be right instead of a privilege. Heaven forbid that some people couldn't afford the house they "deserved!"

      Another case of Govt thinking they can do better than businesses and the economic laws that rule businesses. And of course once Govt has botched it up, the only solution is more Govt to save us from ourselves.

    16. Nick R, Va says:

      This entire administration is already writing its legacy as a lying, scandalous, Socialist leaning, tax cheating, group of morons. Inept morons at that.

    17. Joe Zimmer, San Anto says:

      What is the process for de-electing the current leadership in the US House of Representatives, the US Senate and the President (to include the Vice President) without having to wait two to four years? I don't think that the country can afford to wait that long.

    18. Dennis A. Social Cir says:

      I think this mess really started with the clinton admin when he declared by ececutuve order that all people had the right to own a house, and declared the banks would make loans. It was never stated that these persons should be able to repay these loans. The federal gaovernement would back these loans so do not worry about loseing when they default. I beleive the last time I checked clinton was a dem, just like obama, both liberals and socialists at heart.

      I wonder when the American people will wake up and see where thsi country is headed and on a down hill slope???? Will we the people stand up and demand from these people that they work for the good of all, not just a few. We have to take back our governement and stand by the constitution that has kept us in good standing for years, We can no longer stand by and let the dems keep up these give away programs and make people believe that the government will see to all of our needs.

      All this junk by obama is just going to pile debt on this country for generations to come, and expand the federal government to greater lengths. These programs that that bail out has started will never end if people do not stand up and demand that obama and the dems stop.

    19. Anthony Scarano, Bro says:

      Here is a fact that came to my attention, and quite frankly I felt compeled to relate this to


      If an immigrant is over 65 ,they can apply for SSI and Medicaid and get More than a woman on social security,who worked from 1944 until 2004.

      She is only getting $ 791 per month because she was born in 1924 and there's a catch 22.

      It is interesting that the federal goverment provides a single refugee with a monthly allowance of $ 1,890. Each can also obtain an additional $ 580 in social assistance, for a total of $ 2,470 a month.

      This compares to a single pensioner, who after contributing to the growth and development of America for 40-50 years can only recieve a monthly maximum of $ 1,012 in old age pension and guaranteed income supplement.

      Question , can US citizens apply as refugees ?

      Does any one else fell this should be reversed ?

    20. Dorothy Morgan, Okla says:

      Want to replace the elected leaders before it's time? I understand; been there, done that myself. I was told to have patience and all would end well. That being a lie, I hesitate to tell you to believe it, too.

      Where were we and what were we doing when this mess went on and on for the last three years??

      Why did we think we were being given "stimulus"

      checks for several years and financial institutions were going down?

      At the very least, we are finally awake and beginning to pay attention. This has got to be good in the long term. Watch and listen and quit getting tied up into political wars; it's been done to all of us….we're all victims. We hardly ever try the crooks and lock them up when they wear white shirts…….dumb!!! Robbery is robbery.

      The "Fix" will result in the dollar taking a tumble (again) and prices will be back out of sight (again), but we do have a chance of coming out of this now and getting out of that tight little corner we've been circling in for years now. History will not be kind to any of us.

    21. jerry louisiana says:

      when is enough, enough Americans have to unite and get tough with the

      democrates and other potician who are trying to make the US a resort for crime and terrorists. Please everyone contact you representatives and congressmen and voice your opinion before iat is to late.

    22. Frank W. New Mexi says:

      I have news for our worlds smartest president. I can take $500.00 dollars and get his wife a Union card. Why do you think the Unions want all the stimulus work done under a PLA? They can charge illegal immigrants $500.00 for a union card so they can work on the job. They will also recieve all the union benefits to put in thier trust funds and then tell them they are not illegable to recieve them because they are not a citizen. Where do these Politicians live? They need to go out in the real world.

    23. Jonathan Seid, Willi says:

      If you are surprised at what is passing for governing from DC, then you are naive. A candidate with a puffed-up resume' from Chicago, Illinois, gets elected president. Did you not know that he was a candidate with ties to big-time state government corruption run by a political machine with a history of kick-backs and imprisoned elected officials? The stench of this administration seeps from the political sewer of Illinois politics. If you are surprised at what is passing for leadership from this administration, then count yourself as part of the problem. Stop admitting to being surprised and call what you see what it is: Incompetence and Ineptness. Baby..you ain't seen nothing yet. We have another 3- years of this administration.

    24. Russell Sutherland, says:

      President Reagan was never more right than when he said that government was the problem, not the solution ! Look at most of our problems today and they are caused by politicians intimidated by evironmental extremeists and labor unions! E g Energy–no atomic power plants because of regulations -no oil drilling- no refineries – Education –domination by NEA – anti vouchers- no merit pay plan. Environmentalism is Not about saving the planet–it is about POWER. We need some leaders who will stand up and say the truth.

    25. Medina, Kissimmee, F says:

      Kerry Redmond, Colorado,

      The answer to your question probably is that the 'messiahs' is taking care of all the judges, lawyers, congressmen, etc. to keep them silent, like he did to his relatives in Kenya and else where. He tried to shut Dr. Corsi but, he could not do it. The Dr. has documents that can't be denied, like the Odinga's phone calls, the 3 visits to White House and the $1 million campaign dollars he got for Odinga's campaign for his election in Kenya. Some one sent the video with information from Dr. Corsi visit to Kenya during 'messiahs' campaign. There was a report in the Kenya's newspapers explaining what was going on with their elections and how his father was in the Odinga's muslim group. What I wonder no one mention it on the news, since I heard it's illegal to interfere with other countries elections, and any one doing so, could be held accountable.???

    26. christopher g scott says:


    27. Nelia, Fountain Hill says:

      It recently occurred to me; All our 'public servants' elected to congress are on the public dole. They collect welfare via their salaries, paid with our tax dollars. It has become a career for most of them. They regularly vote themselves cost of living raises and consistenly abuse the public trust they swore to uphold in accepting the positions granted them. They retire with self-awarded obscenely generous retirement provisions. It's time for term limits.

    28. Sliver Wisconsin says:

      This guy/obama needs to be impeached while we still have a free country, REVOLUTION REVOLUTION REVOLUTION!

    29. Amber, Kansas City says:

      I hope the Gitmo prisioners go to US prisons — nobody hates the way inmates hate… nobody does racism like inmates… I used to be a prison gaurd… please send them to the US and then listen to real "brutality" complaints when they go from minor inconvinience of US Military prisons to the world of convicts. Oh, I realish the thought. Besides, we won't have many left if they are intergrated in to general population, so over-crowding…that'll be dealt with quickly. <>

    30. J.C. Hughes, Texas says:

      Silver, as frustrating as the beltway demagogues poor decisions have been, contacting your congressional representatives is the preferred action to addressing grievances. Impeachment, unfortunately, is a high bar to clear. Even if you're successful here, the process may take longer than waiting out elections.

    31. Pingback: Morning Bell: Bonus Outrage You Can Believe In » The Foundry « Snow Report Blog

    32. Dorothy Morgan, Okla says:

      Just got the latest list of "them what did us in".

      Mozilo of Countrywide, Greenberg of AIG, Corbet of Standard and Poor, G.W. Bush of the U.S.A., Brown of the UK and was then Secretary of the UK Treasury, Goodwin Bank of Scotland, Tiner and Sants UK watchdogs, Alan Greenspan of the Fed, Paulson former Treasury Secretary of the U.S.A.,

      Fuld CEO of Lehman Brothers…….but mostly someone named Apathy of the public domain.?????

      Of course, this is just a primary short list at present. Oh, just in: somebody named "Credit Default Swaps", used to hide low grade commercial paper that AIG didn't want to insure….so he was given this nickname to hide his existence. (Now is that crooked, or what.) Maybe he's the guy we want to lock up.

    33. ella quinn kinston n says:

      Obama,Nancy P, and all the rest of the idiots with them need to give up their health care and their salary.Then they can suffer like some of the people are suffering.They need to walk in the shoes of the american people.

    34. Jeff, Florida says:

      We seem to be a nation of cheap words but with no action, when will we become a nation that takes back our country? The very least you the people can do is show up at the polls and vote out every last dead beat in our so-called government.

      Come on, help flush that big white toilet.

    35. Mike Sheahen, Hickor says:

      There the Leftists/government elitists go again with more of their modus operandi (method of operating), as also exposed and explained by such as Obama's White House Chief of Staff Comrade Rahm Emanuel when he said "Never let a serious crisis go to waste…it's an opportunity to do things you couldn't do before".

      The fact is the government elitist Left have used that modus operandi to crisis, fear, and panic-monger for their Leftist government elitist agenda and at least gradually impose such Socialism since before Rhom Emanuel was ever born.

      Indeed the government elitist Left have patently specialized in doing so, such as in "The Great Depression" (which, most “Conservative” and “Liberal” economists agree, was exacerbated by FDR’s Socialist policies and took World War II to both end it and pay for them) , and they continue doing so today, such as in the "financial industry crisis" which the facts reveal is both chiefly the inevitable result of and exacerbated by the policies and practices of "Liberal" politicians who are now demagoguing and pandering as if they were innocent bystanders and as if they must now be perceived as “the heroes” while they crisis, fear, panic-monger, and even break their own promises to “ram-through” their “bills” which actually exacerbate more than one "crisis" and supplant and subvert our freedoms and free markets, etc, on everything from an individual to a national basis.

      The one question about now and previous times (such as FDR's "Great Depression of the 1930's", and Carter's "Recession of the early 1980's"), is: What it will take this time? What will it take this time for enough of us to finally wake-up, pay attention, and finally put a stop to the subversive, irresponsible, spendthrift practices and policies of the government elitist Left which are again in fact exacerbating instead of solving more than one current "crisis", and are indeed exacerbating and rewarding local, state, and national fiscal irresponsibility, deficits, and debt, etc, and thus also the robbing of both current and subsequent generations of our Constitutional freedoms, free markets, rights, prosperity, and even national security?

      Indeed we must hope it doesn't take another terrorist attack here, or war (such as one in any way caused or connected to allowing Iran to have nuclear weapons), or even another World War, or much more other consequences of Socialist/government elitist practices and policies before We the People finally get sick of paying for them and finally say "no" to Socialists/government elitists and their policies and practices which have already both led to and got us involved in "another world war" known as World War II, and cost us, before, during, and since then, freedoms, prosperity, security, and more, too many and too much of which we may never recover because of their Leftist/government elitist antics and machinations.

    36. Barb -mn says:

      The government knew well in advance the future collapse of this country as they're the ones influencing it… the collapse. Yet these greedy individuals gave themselves wage increases and bonuses then demoralize everyone else who followed the instructions of the government!

      Who's job is it to arrest those committing treason?


    37. Craig, Albuquerque says:

      It's time to throw the bums out of Washington. The American public that did not vote for the current administration knew what to expect, the ones who voted for the current administration are soon to find out that "a vote is a precious thing and should not be given to just anyone". I agree with impeachment. It's pretty clear that there is no understanding of how to rectify a failing economy. Hint: It's not by taxing the crap out of everyone and rolling out your favorite social agenda. We are being lied to on an biblical scale. Ask Obama where the $90 billion went that was given to Sachs. Obama is going to take down the entire ship…Like Michelle said "He will never let you live like you once did". How true. And please, spare me the comments about 95 percent of Americans receiving a tax cut…Our effective tax rates are going to go sky high.

    38. Gerald Bausch Vernal says:

      I wan't to know when we are going to have a tar and feathering of our government officials and sen't out on a rail starting at the top. We are all sick of the BS.

    39. Robert Garland, TX says:

      It”s time for impeachment and bring the treason charges. Then collect the whole bunch and throw them out. My ancestors didn’t fight for marxism.

    40. cynthia overland (tr says:

      To Nick R. from VA.

      Nick, you are giving morons a bad rep. by putting them in the same class as these governmental clowns. What kind of person will look directly into the camera and LIE and then the next day when confronted with evidence to the contrary, blame "staffers" for making him do it. Whether we are rep or dem, the good citizens of this country need to work to get rid of these crooks. 2010 is an election year and we need to turn up the heat on Pelosi, Dodd, Frank, Wrangle, and all of the other socialists.

    41. Ken in Texas says:

      From: ‘David LaBonte’
      My wife, Rosemary, wrote a wonderful letter to the editor of the OC Register which, of course, was not printed. So, I decided to ‘print’ it myself by sending it out on the Internet. Pass it along if you feel so inclined. Written in response to a series of letters to the editor in the Orange County Register:

      Dear Editor:
      So many letter writers have based their arguments on how this land is made up of immigrants. Ernie Lujan for one, suggests we should tear down the Statue of Liberty because the people now in question aren’t being treated the same as those who passed through Ellis Island and other ports of entry.

      Maybe we should turn to our history books and point out to people like Mr. Lujan why today’s American is not willing to accept this new kind of immigrant any longer. Back in 1900 when there was a rush from all areas of Europe to come to the United States, people had to get off a ship and stand in a long line in New York and be documented . Some would even get down on their hands and knees and kiss the ground. They made a pledge to uphold the laws and support their new country in good and bad times. They made learning English a primary rule in their new American households and some even changed their names to blend in with their new home.

      They had waved good bye to their birth place to give their children a new life and did everything in their power to help their children assimilate into one culture… Nothing was handed to them.. No free lunches, no welfare, no labor laws to protect them. All they had were the skills and craftsmanship they had brought with them to trade for a future of prosperity.

      Most of their children came of age when World War II broke out. My father fought along side men whose parents had come straight over from Germany , Italy , France , and Japan None of these 1st generation Americans ever gave any thought about what country their parents had come from. They were Americans fighting Hitler, Mussolini and the Emperor of Japan . They were defending the United States of America as one people.

      When we liberated France , no one in those villages were looking for the French-American or the German- American or the Irish-American. The people of France saw only Americans. And we carried one flag that represented one country. Not one of those immigrant sons would have thought about picking up another country’s flag and waving it to represent who they were. It would have been a disgrace to their parents who had sacrificed so much to be here. These immigrants truly knew what it meant to be an American. They stirred the melting pot into one red, white and blue bowl.

      And here we are in 2008 with a new kind of immigrant who wants the same rights and privileges, only they want to achieve it by playing with a different set of rules, one that includes the entitlement card and a guarantee of being faithful to their mother country. I’m sorry, that’s not what being an American is all about. I believe that the immigrants who landed on Ellis Island in the early 1900′s deserve better than that for all the toil, hard work and sacrifice in raising future generations to create a land that has become a beacon for those legally searching for a better life I think they would be appalled that they are being used as an example by those waving foreign country flags.

      And for that suggestion about taking down the Statue of Liberty , it happens to mean a lot to the citizens who are voting on the immigration bill. I wouldn’t start talking about dismantling the United States just yet.

      (signed) Rosemary LaBonte

      I sincerely hope this letter gets read by millions of people all across the nation!!

    42. ra,ohio says:

      I just heard Obama speak in California and say essentially that illegal aliens should have the right to join a union, or in so many words.

      Talk about building a voter base…..

    43. Sandrajean Brown St says:

      We continue to dance around the bush with subject matter that indeed is relevant to our well being. The fact is most of these

      problems have a way of upsetting our way of thinking. These situations are really minuscule when compared to illegal immigration. No matter how you look at we are being taken to the

      cleaners by the people who we elect to do the countries business.

      We have to rise up and tell congress that this is not fair and,

      must be even dishonest. In any case this shall if not stopped

      will be the straw that broke the camels back.

    44. kumar says:

      Talking of overexposure

      The time your president spends on the TV screen is much like those in our third-world countries….

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    46. Barb -mn says:

      Thank you Ken in Texas for sharing the letter and thank you to Mr. and Mrs. Labonte for the letter. It is amazing that immigrants here have fled their countries of origin due to the same government America is working towards, yet, the majority of immigrants taking refuge here voted for this socialized, communist government America is becoming. Immigrants knew this was coming…

      Immigrants in public office have information going to those preferentially of their own kind as immigrants in public office do nothing for everyone equal, they create programs and exceptions for themselves at tax payers expense. Violating the constitution and getting away with it. All behind the backs of everyone else. Sure they can put their signature on any bill that reflects equal benefit just to make it look good, their true intention is for their own. Much is HIDDEN! All the money it costs isn't traced. The money could be pocketed for all we know! There is a crazy amendment attached to our constitution that needs repeal. It is bias, discriminating and culturalized…not the American culture.

      No equality. People are treated according to their race. Expectations are put on people according to race. Guess who the government places the highest expectations on? Exceptions also being made and it sounds like into law.

      Many immigrants are achieving high revenue not by earning it, by the government giving into their excuses. It saddens me that immigrants are so proud to have the skill to live off the land, but help themselves to government food subsidies, food shelves and welfare. They have less living expenses yet the government keeps giving them more exceptions at our expense…

      It's funny how one immigrant woman with children in the background, voiced her concern of not being able to teach her children their foreign culture. Guess why? Her and her husband both have two full time jobs a piece. That's 16 hours a day for each. And their culture means so much to them that now the taxpayers are paying for it because they won't make the time to do their parental duty. Of course their is preferential hiring to teach children this foreign culture at the expense of those who benefit NOTHING from it. Hence we now have early education what used to be daycare and what used to be a private market industry where immigrants can do for themselves at their own cost if it means so much to them!

      Seems we were lied to about immigrants wanting to live in America! They want to take it over along with the current government administration!

      Oh by the way, they all get minimal to free health care! Any businesses are automatically subsidized…

    47. janet, nj says:

      We're all angry–but, please get to the point–this is not a shrink's couch–this is more important–consolidate your information/thoughts & decide what you want–pass on what you know-what you see in your community–what you want & prepare for your next election–you decide

    48. Floyd - Chicago says:

      The entire nation know's about the bonuses. So what. The politicians who are protesting the loudest, knew of them last year and had the opporunity to stop them. Sen. C. Dodds set the stage and Pres. Obama was told of them. Instead of belly aching over them, IMPEACH those who put us in this mess. Stop the bloodshed. OBama, Pelosi, Dodds, Ried, Franks, all need to be fired-today! They've pocketed fortunes from boondoggels like this and the only thing their supporters care about is the money they might be eligible for.

      Our leaders are selling out the best country in the world and all of you left wingers, environmentalists, and pacifists are in there shoving us over the cliff. You should be ashamed of yourselves. Our kids are fighting to keep us free and you're fighting to give us over to the communists.

      Paying taxes has nothing to do with morality. Paying taxes used to make our country stronger and better, now it just makes our politicicians,and union leaders rich.

      Chicago's schools are among the worst in the nation,our state is the joke of the country. Money doesn't fix problems-competant people fix problems and we don't seem to have any, but we continue to receive higher tax levies instead of firing the incompetents.

      Floyd Green

    49. Pingback: Morning Bell: Bonus Outrage You Can Believe In » The Foundry | WWW.OBAMAKOOLAIDE.COM

    50. Carol,AZ says:

      Naturally Obuma told CA that heWILL"l give illegals the "rights to everything!

      Ca has promises to keep!

      The West and the East Coast have always been a Democratic voting block.

      CA, is being depended upon as a major swing State

      Meanwhile poeple and Buss are moving out of CA by the thousands , but CA isn't talking.

      Bravo for Orange County for the recent passage to enforce laws on illegal immigration. Voters in NOV. Will be heard.

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