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  • Morning Bell: Would You Do Business with this Government?

    This Saturday a bus filled with about 40 people pulled into a cul-de-sac in Fairfield County, Connecticut where a pastor and a steelworker disembarked and made their way to the front door of one of the large homes in the neighborhood. The protestors did not make it to the door however, as they were met by a security guard working to protect the home’s owner: AIG executive Doug Poling.

    The identities of most current and former AIG employees remain private, for now, but for those executives whose names are known, life now includes security guards at their homes, reporters in their driveways, and vehicles invading their neighborhoods. Nobody was hurt and the protest went off without incident, but the event should serve as a dire warning for anyone even thinking about participating in Treasury Secretary Timothy Geithner’s new Public-Private Investment Program.

    This latest Geithner plan envisions spending at least $500 billion and up to $1 trillion, 95% of which would come from the government, to remove “legacy assets” from the balance sheets of troubled financial institutions. Private investors, hedge funds and other financial institutions, would manage the assets, but they would receive heavily subsidized government loans and guarantees from the government to cap their losses.

    This proposal comes just days after the House of Representatives voted to slap punitive taxes on retention bonuses paid to employees of institutions receiving other TARP funds. Recognizing the threat that the House’s actions posed to their plan, Obama Administration officials fanned out across the Sunday talk shows to reassure potential investors that they would not be subject to these punitive measures. White House economist Christina Romer told Fox News Sunday:

    What we’re talking about now are private firms that are kind of doing us a favor, right, coming into this market to help us buy these toxic assets off banks’ balance sheets. I think they understand that the president realizes they’re in a different category. They are firms that are being the good guys here.

    But for how long will these firms keep their “good guy” label? What if the investments go south and taxpayers have to bailout these investors too. Does anyone really believe they would then be safe from this Congress? Or what if they are really successful and make billions of dollars with government subsidies? Does anyone really believe this Congress won’t try and take those dollars too?

    Laurence Fink, chief executive of the money management company BlackRock, seems ready to take Geithner’s word: “We will be raising money on behalf of our clients. I don’t see how Congress can interfere in this.” Fink better hope everything goes perfectly for him and his clients. Otherwise he’s going to find himself on the business end of a Congressional subpoena. He might also want to remember that the Obama Administration has yet to say they will veto the House clawback bill … and that it was the Obama White House who first promised to take back the AIG bonuses by “every legal means” necessary.

    Quick Hits:

    Posted in Ongoing Priorities [slideshow_deploy]

    36 Responses to Morning Bell: Would You Do Business with this Government?

    1. Shell, Indiana says:

      I don't know how anyone can believe a single word out of this administrations mouth. From "tax Cheat" Geitner, to Pres. Obama. I believe every single thing that has gone on, Pres. Obama has planned. and Main Stream Media has such a "Love affair" with him, they have givan him not only a "Free Pass" to the white house, But Excuse after excuse for his agenda. And all his "Moonie like" followers continue to "Bow at his feet".

      If people do not WAKE UP, Pres. Obama is going to not only bankrupt this country, But, one by one our rights & Freedoms are going to be stripped away. And I think Main Stream media should also be held accountable for not reporting the WHOLE truth,and asking "Tough Questions" of the "Annointed One". It's pretty scary!


    2. Painesright, Texas says:

      Yeah, look how long Mr. Liddy (who agreed to come out of retirement and work for a $1 per year salary in order to help the gov't save AIG) kept his "good guy" title.

      I would have tendered my resignation in front of that farcical bunch of outraged politicians so fast it would have made their empty heads spin!

      Any business person who decides to take the govt's bait to participate in this latest hair-brained scheme is plain dumb, at best.

    3. Duke, Ohio says:

      Imagine if a busload of conservatives tried to do this to an abortionist. Safe to say they would have been charged and would have spent the night in jail. It's open season on capitalists and the hunters are guns for hire (GM job bankers with nothing else to do?)

    4. elliot, New York says:

      In Germany, they blamed the Jews for the financial troubles in their country. They visited them first in (friendly)groups to get them to mend their ways. Then later they found a more effective method to educate them about the evils that the Jews were causing to their nation of hope. Perhaps, the class warfare has begun and we too can initiate solutions for the education of these evil wealthy people.

    5. Bill/Ohio says:

      Just like I would avoid doing business with the Mob, I will avoid doing business with this administration. This is a farce. He is simply paying back the people and organizaions that allowed him to buy the White House. It is clear to me Obama plans to bankrupt America. He has never ran a business and has no one on his staff that has business experience. We te American people better make sure we elect enough of the other party in the Senate and Congress to limit the damage he can do in the future. We need the checks and balances back in the government.

    6. Mark Y Durango,Co says:

      It would be foolish to trust the Obama administration. First, They made it law to give these retention bonuses to AIG. Then, the fake outrage over the same bonuses. Finally, They target individuals on a ridiculous 90% tax. To make a law and break it in the same breath is simply ludicrous. The outrage that is directed at AIG should be aimed at the incompetent Congress and President. To complain about 1/10th of 1% of the bailout money and not the whole package does'nt make sense. Just the idea of bailing out Government caused failures is outrageous. Let's complain about the amount of of the deficit, spending and economy slowing taxes were being stuck with.

    7. Becky, Pinconning, M says:

      My 401K funds are in Blackrock. I almost cried when I heard they were taking the bait this morning. While I appreciate the free market, and am willing stay in the market based on a belief that the market will self adjust, all the government meddling combined with public buffoonery like congressional hearings and presidential publicity tours, make me think the jig is up.

      Now my hard earned savings are being used as political fodder.

    8. Mary says:

      The honest hard working people who pay income tax, try to feed their families, buy clothes for their kids, and pay their bills are paying for it all. Our children will be paying for a long time to pay off this debt and it all smacks of fraud. Our constitution was meant to protect "we the people!"

      Conservatives? They are just sensible, responsible, logical thinkers!

      The Fair Tax would solve a lot of problems. The very rich people know where to hide their assets, make up phony corporations, and bleed us innocent taxpayers of our retirement savings.

    9. Richard Cancemi, Arl says:

      We have the most the most blatantly hypocritical government that we've ever had in our history.

      Starting with the President and continuing through Congress and the Supreme Court, we are controlled by rogues, hypocrites, hooligans, and scoundrels.

      The last thing on their agenda is the welfare of America and its citizens.

    10. Dorothy Morgan, Okla says:

      Moonie-like?? Referring to the Reverend Moon the owner of the Washington Times newspaper, best friend of George H.W. Bush, neighbor of G.W. Bush as well as G.H.W. Bush in Paraguay? By the way, now there's a story for you… along with Rupert Murdock, another alien running our country? Geez.

      If these people haven't hurt business with our global connections, I doubt that Obama will. They appear to be relieved that he is in and G.W. is finally out!!!!

      Protesting is part of the cornerstone of our country; I was proud that on the same day, protesters were at the Pentagon, demanding that we end the war in Iraq immediately. It's nice to feel safe to protest again; that's been missing for way too long. Let's count our blessings here.

    11. Sliver Wisconsin says:

      Wow this is getting too much, it's almost like a NIGHMARE ON ELM STREET, if you fall asleep your in trouble. With all these companies lining up for bailouts it reminds me of the Jim Jones/Doomsday Cult. Apparently they all like the Kool-Aid.

      Now the auto companies want the government to force us to buy cars they want us to buy by putting a floor of $4/Gal. I will never buy another GM, Chrysler or Ford after I heard that.

      Where is our freedom going or should I say where has it gone?

    12. Dave, AZ says:

      I don't understand why people are not more frustrated with both congress and the Whitehouse. We are being dragged down into the slums. The place where Obama wants everyone to live except the socialist who he needs to keep him and Soros in power. I am one of millions setting here on the sidelines wanting to do something besides donate more money to the republicans that at times make me just as mad. When will the time come for us to hit the streets ?

    13. Glen, La. says:

      No way would I do business with this govt. If the people want to protest, let them protest Capitol Hill. That's the one's that really started this mess. The gov't should have never bailed out AIG in the first place. We need 4 things. Abolish all lobbyists on the hill, forbid all earmarks, term limits for congress, and last but not least, a new president……

    14. BOB, FLORIDA says:

      I'm glad to see some indignation at what's going on. Unfortunately I think it may be too late. If our country isn't bankrupt now, this group that we have in Congress now will have put us there very shortly.

      Americansolutions.com is advertising a Tax Day Tea Party on the 15th of April. This appears to be happening all across our country. By going to this web site you should be able to find your location. Maybe we can get enough support to get notice and let these clowns in OUR COUNTRY KNOW THAT WE ARE NOT HAPPY AND ELECTIONS ARE FORTHCOMING AND WE WILL BE MORE THAT HAPPY TO ELECT A DIFFERENT REPRESENTATIVE FROM OUR DISTRICTS. AMERICANS,IT'S TIME TO GET INVOLVED!!

    15. Martha Kate King, Be says:

      This administration and congress is taking on the characteristics of "Alice in Wonderland". I see the cheshire cat, the cards standing in a row and the queen and king. Watch your step, there is a hole in the ground where you might fall.


    16. Joanne- Pensylvania says:

      When are the lies going to stop? Why aren't these people being held accountable for their actions? The truth will set you free.So Please Please Please NO MORE LIES.

    17. Judy /Newport Beach, says:

      Is there any way I can email this and the comments to my contacts? We need to unite and get the voters out there.

      I agree that Obama intends to destroy the country financially, resulting in total dependence on him and his socialist government.

      I hear more and more of people saying "revolt" on talk shows. I am ready to march.

      Thank you,


    18. Spiritof76, New Hamp says:

      We need to storm Washington DC in such huge numbers that the lap-dog media can not ignore. It is the only way that Americans can send the clear message to the corrupt and tyrannical Congress and the White House to cease and desist. May be we can use the Ameicansolutions.com as a gathering point. I suggest that we do this on Memorial Day to honor those that made the ultimate sacrifice to preserve liberty and defend out Constitution.

    19. ella quinn kinston n says:

      I will be ready on memorial day with you spirirtof76. Let us strom washington.

    20. Pingback: Shopfloor » Blog Archive » Good Question: Would You Do Business with this Government?

    21. Ingrid in Texas says:

      We obviously are not asking the right questions and ARE NOT GOING AFTER THE REAL TRUTH.

      Our so called Federal Reserve (a private company) has been giving out money (prior to the stimulus packages) to these big corporations and not telling us and now taxing us.

      Where in our beloved Constitution does it say that we the people and only the people have to support (besides buying their products) these corrupt, rich elite for at least 100 decades so they may continue living the good life.

      We the people (bosses) must seriously consider impeachment.

      Why? Because this administration is also corrupt. They are not being accountable for any our money they are dishing out.

      They have not given us one financial report about any of the billions they have given to companies that keep asking for more.

      When do we get a true answer to a honest question?

      When do you believe this will be over?

      Never, I say until we are all correctly divided to their liking…..poor and rich.

      Socialistic and marxist society is what we, our children and grandchildren and generations to come can look forward to.

      It's our fault….all our fault.

    22. Ireland says:

      Joanne- Pennsylvania writes When are the lies going to stop?

      They won't stop, it is what they do best, and that's for both political parties. Geez, Obama is still on the campaign trail trying to convince the voters he knows what he's doing, yet every day it becomes clearer that he has no idea.

      We put our Country in the hands of a bunch of wealthy lawyers, etc.., who've never had to balance a checkbook. And, suddenly we are expecting them to know what to do? We are now expecting them to figure out how to save our economy, that they helped ruin. Most of our Congress and President should be arrest and tried for Treason. Treason is a law and is the crime that covers some of the more serious acts of disloyalty to one's sovereign or nation.

      In the United States treason is a federal crime, the only crime provided for in the United States Constitution. It is defined as levying war against the United States, adhering to their enemies, or giving their enemies aid and comfort.(U.S. Const. art. 3, section 3, cl. 1). Where treason is made a crime under state statutes, the definitions often emphasize action directed against state government. ( Cal. Penal Code section 37—treason consists of levying war against the state, adhering to its enemies, or giving ememies aid and comfort)

      So, Obama and Holder, who are both lawyers, want to release these criminals currently living at Gitmo, into American society. No other Country will take them. So if they do close Gitmo where will they go?

      The U. S. Constitution defines treason as "levying war against the United States, or in adhering to their enemies, giving them aid and comfort." It also (copying an earlier English statute, the Statute of Edward III) requires that no conviction shall be had for this crime in the absence of the sworn testimony of two witnesses. The high point of treason prosecutions came under the administration of Woodrow Wilson, when the Espionage Act of 1917 and Sedition Act of 1918 were used to convict scores of Americans for treason based upon speeches against American participation in World War I. The Sedition Act was eventually repealed (although at least two sections of the Espionage Act remain in U. S. law) and the modern clear and present danger doctrine was formulated to determine when the U. S. or any state could resort to restricting First Amendment rights to free expression.

      Treason prosecutions in the modern U. S. are exceedingly rare; although an al-Qaeda operative born in California was recently indicted, other U. S. citizens who have fought in Afghanistan on the Taliban side, notably John Walker Lindh and Yasser Esam Hamdi, were tried on lesser charges, and Hamdi is now a free man. This is in part because there were no treason prosecutions arising from the Cold War; even the Rosenbergs were tried and sentenced to death for espionage, the selling of secrets, which led their lawyers to complain that they were being treated more harshly than the average American traitor in World War II, only two of whom having been sentenced to death. Aldrich Ames, originally charged with treason after his spying for Russia during the Cold War was revealed, averted prosecution for this charge by reaching with the government a plea agreement to lesser charges, and is now serving a life sentence.

    23. John Rosina, Bordent says:

      Spiritof76, New Hampshire writes:

      "We need to storm Washington DC. I suggest that we do this on Memorial Day to honor those that made the ultimate sacrifice to preserve liberty and defend out Constitution."

      Hey Spirit. Many of us Veterans of War are not appreciative of well intentioned people wrapping themselves in "our service to country" for their parsonal political agenda. You Assume and infer that you have the moral and constitutional high ground and have it right! Some would disagree.

      Go to DC on May Pole Day – or National Foreign Auto Maker Day or "Transfer 700 billion annually to the Middle East Oil Sheiks Day!"

      Frank Juranic, Cpl, USMC (kia Nov 11, 1968 aged 18yrs and a childhood friend) may not like your position and is silenced. With Mr. & Mrs. J's. approval, I humbly attempt to lend him voice.

      Step away from the Veterans' Flag, it smacks of slackers post 9/11 with flags on their cars and tea bag stuffing today. Pick a day that matches your political and patriotic sacrifice level!

    24. Len, Alexandria,KY says:

      Would I do business with This Governament.. NO as in HELL NO!!

      There are but ahandful of people in Congress that I could trust to look out for We The People who are unfortunately OUTNUMBERED by the Cretins in the Majority..and that inckudes the WH occupant.

      I believe that since the Narcisstic one in Charge seems so HIGH on Himself to Ignore the Citizen's voices, may be if we the Citizen, besides sending Tea labels we could consider filing extension on Filing Taxes until Dudd, Barney Frank, Schumer ,Geithner, Pelosi and Reid are phsed out from key posts along with Chuckie Rangel…who just may belong in a striped suit with Frank and Dud…

    25. John Rosina, Bordent says:

      CBS POLL on AIG Bonuses you might find interesting.


      Had to pay 13%

      Could have found a way not to pay 83

      Moreover, three in four Americans think the government should try to recover the bonus money paid by AIG.


      Yes 77%

      No 20

      Democrats (85%) are more likely to support attempting to recover the money, but even majorities of Republicans (68%) and independents (74%) concur.

      There is public resentment about these bonuses. Half of Americans are angry about AIG paying bonuses to some of its executives, and another 38% are bothered by it. Only 12% say they are not bothered by the matter.


      Angry 50%

      Bothered 38

      Not bothered 12"

      Note: How remarkable that the greedy UAW, villainized by most of conservative factions, opened it's Contract mid term to assist the Domestic Car Companies in reducing their operating costs. They reduced their starting wage from 27.00 to 14.95 per hour and took over management of the Health Care Benefits.

      We have, in the main, given concessionary contracts since the early 1980's to try and cpmpete with Economic Globalists who have no regard for Patriotic wealth generation and ship our jobs overseas at a dizzying pace.

      I continue to pose this question: Does anyone out there know of a method to globalize the world economy in a way that does not continue to sap the US economic strength. I get no meaningful response from the broad political spectrum in this regard.

      Meanwhile, please continue to enjoy the average drop of 14% in real income – adjusted for inflation – over the past 30 years.

    26. Tony in Mason says:

      Having gone through the Enron and other debackles, I wonder why it is that the "Board of Directors" are never culpable?

      There is no public company that does not respond to "DIRECT" instructions from the Board. Yes the president or CEO is usually part of the Board, which only extends there power to the workers.

      AIG, I just saw one that AIG insures the Congressional Trust fund, and that is why congress keeps dumping money into AIG, the are funding their retirement with our tax dollars!

    27. Mike, Hickory, NC says:

      "The protestors did not make it to the door however, as they were met by a security guard working to protect the home’s owner: AIG executive Doug Poling", "those executives whose names are known, life now includes security guards at their homes, reporters in their driveways, and vehicles invading their neighborhoods".

      Can you say "Totalitarian agitating and rabble-rousing"?

      "the event should serve as a dire warning for anyone even thinking about participating in Treasury Secretary Timothy Geithner’s new Public-Private Investment Program".

      Can you say "Amtrak", and "Fannie Mae and Freddie Mac", which, among others, also serve as dire warnings against the insidious efforts of government elitists for government involvement and control?

      "This latest Geithner plan envisions spending at least $500 billion and up to $1 trillion, 95% of which would come from the government", and "but they would receive heavily subsidized government loans and guarantees from the government to cap their losses".

      Hey! Bunkie! Such is another example of the government elitist falsehood that "government" pays for anything, including "95%" of anything and "subsidized government loans and guarantees from the government to cap (anybody's) losses", when the fact is we, the taxpayers, pay for everything!

      "This proposal comes just days after the House of Representatives voted to slap punitive taxes on retention bonuses paid to employees of institutions receiving TARP funds", and "it was the Obama White House who first promised to take back the AIG bonuses".

      Yet it is the same Leftist government elitists in control of Congress who rushed-through and passed such legislation with certain "provisions" in them, (including their power and money-grabbing Pork-filled so-called "Stimulus Package" [without reading it] and "Omnibus bill” [which is also filled with such Pork], and even broke their own rules and promises in order to do so), who are now demagoguing and pandering against those provisions as if they don’t exist, they didn’t know about them, and any of their results should be taken back. Plus, it is the same Leftist government elitist “President Obama” who is doing the same things, as in breaking his own promises in order to hurry and sign into law such legislation and provisions before enough of the people can see what’s in them and stop them, and now lead the charge to demagogue and pander with his accomplices in Congress and elsewhere.

      Especially if you know your history, all such Leftist government elitist antics and machinations should remind you of the agitating and rabble-rousing tools shared by government elitist totalitarians and their accomplices throughout history to this day, including a Communist/Socialist named Lenin and his accomplices, and another "National Socialist" named Hitler, his "Brown shirts", and others of his accomplices, all of whom also invaded and/or caused the invasion of the lives, businesses, and neighborhoods, etc, of not only "Jews" but also anyone else who was a threat to or opposed to their Socialist totalitarian agenda.

      So also in this case the Socialist government elitists are again demonstrating and proving true that those who forget (or are dumbed-down against) history are doomed to repeat it, and that government big enough to give you anything you want is big enough to take anything you have.

    28. Gerald Davey, Luling says:

      Guns are the ONLY balance of power.

      We always talk about gun ownership in the context of protection of our homes. The true reason the framers wanted gun ownership was to ensure that the "people" always have the power over government. Who among us can say that today's government does not feel that they have the power over they people? Presently our government is trying to quietly pass legislation to outlaw gun ownership. If they do, Government will rapidly become totalitarian and the "people" will become as serfs. It's foolish to think that the right to vote is the balance between government and citizenry. The true balance is guns in the hands of citizens. It is the only thing that will prevent the government from taking total control.

    29. michael hutchings says:



















    30. John Rosina, Bordent says:

      HF – Do you shift the respondents answers around so as to manipulate their impact or timeliness! I have a healthy respect for your ability to include opinions counter to your own, but I just wonder that you may be approving anti-responses from – say March 23rd – to, say – October the 40th? I sincerely hope not.

      Meanwhile, find attached Congressman Ron Pauls latest take on things: http://www.house.gov/htbin/blog_inc?BLOG,tx14_pau

    31. Barb -mn says:

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

      It isn't government's job to do business! Or manipulate anybody's to fail! It's getting to deep intentionally and something has to be done!!!! IMMEDIATELY!

    32. Mike, Hickory, NC says:

      John Rosina, Bordentown, NJ

      Your comment may be "off subject" as is so often the case, but it does remind of something hf has been doing here.

      For example: Sometimes when I submit a comment, there does come the notice in green letters that "your comment is under review" or some such thing, which is perfectly ok and normal; but then, sometimes my submissions will vanish altogether; stay gone even after many other comments from many other people do appear, which of course would cause people to believe their comment has been "yanked", and so I submit a comment yet again, only to end-up seeing my original submission re-appear along with my subsequent submission.

      So of course this would make anyone wonder "What is hf up to?"

    33. Amber L, Kansas City says:

      Ahh… The smell of people finally realizing it's time to move. I'm so excited! ATTENTION: there's no need to use Memorial Day– we've already got TAX day! The Tea Parties are planning protests all over this country, just join in with your voice!

      The hardest part of this HR1586 (the measure to pass the 90% tax) is the fact that it's BLATENTLY unconstitutional. I'll quote the constitution: from Article 1, Section 9 we get "…No Bill of Attainder or ex post facto Law shall be passed.

      No Capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or Enumeration herein before directed to be taken.

      No Tax or Duty shall be laid on Articles exported from any State."

      From section 10 it's echoed: "No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."

      If this HR1586 isn't a "bill of Attainder" or "ex post facto Law" what is it? Let's call a spade a spade! This law is certainly a punitive measure to punish those who are blackening the "good" names of the people who JUST gave them money! It's like a man paying for his kept woman getting angry and sueing her when his wife finds out… it's stupid in that sitution, it's stupid in this situation… and worse it's ILLEGAL! How sad is it when our House of Representatives don't know enough about the constitution to know better than to attempt to pass such a bill!

      And Obama… didn't he …"take the following Oath or Affirmation: — 'I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my Ability, preserve, protect and defend the Constitution of the United States.'" (Constitution of the USA, Article 2, Section 1)With such a promise, how does he even DARE to support something so blatently unconstitutional? Clinton was impeached for purgory in a CIVIL matter, why isn't Obama looking at charges for breach of contract (in this case treason) for this situation?

      I won't belabor the point of treason b/c it'll never happen, but I will say this: if we don't get organized, motivated and active NOW, TODAY, yesterday even and say and do SOMETHING, we're no better than they are.

      The famous quote someone alluded to earlier comes to mind and I'll leave it to speak for itself:

      "When Hitler attacked the Jews I was not a Jew, therefore I was not concerned. And when Hitler attacked the Catholics, I was not a Catholic, and therefore, I was not concerned. And when Hitler attacked the unions and the industrialists, I was not a member of the unions and I was not concerned. Then Hitler attacked me and the Protestant church — and there was nobody left to be concerned." — Martin Niemöller as it appears in the Congressional Record, 14, October 1968, page 31636

      Don't let history repeat itself. Don't be silent.

    34. Tony , Texas says:

      Mary on your post what you said: " The Fair Tax would solve a lot of problems. The very rich people know where to hide their assets, make up phony corporations, and bleed us innocent taxpayers of our retirement savings."

      With the fairtax they will still be able to make up phony corporations so they can make all their purchase tax free and bleed us innocent taxpayers with us paying the fairtax on clothes , bills, rent, food and heathcare

    35. H L PUCKETT VA, says:


    36. Pingback: Morning Bell: The Impending Obama Borrow and Spend Disaster | Conservative Principles Now

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