Friday, August 27, 2010

� Public Sector Pensions: The Real Bailout Bomb is Still Midflight - #teaparty

� Public Sector Pensions: The Real Bailout Bomb is Still Midflight - Big Government: "“The proposal ultimately makes the taxpayers liable for paying the benefits of the partitioned plan.� Currently, no other benefit obligations assumed by the PBGC are subject to the full faith and credit of the U.S. government.”"

VENABLE: Texas fights global-warming power grab- #teaparty

VENABLE: Texas fights global-warming power grab - Washington Times: "The EPA, determined to move forward anyway, is attempting to rewrite the Clean Air Act administratively via a 'tailoring rule,' which would reduce the number of regulated sources. The problem with that approach? It's illegal. The EPA has no authority to rewrite the law. To pull it off, the EPA needs every state with a State Implementation Plan to rewrite all of its statutory thresholds as well."

Friday, August 20, 2010

Power Line - Target of the Left # teaparty

Support TARGET Shop @ TARGET Show them the Real America

Power Line - Target of the Left: "Ironically, Mark Dayton's family owned the predecessor to Target Corporation. He is immensely rich. His increased taxes on 'the rich'--that is, you and me--won't touch his vast trust funds. Other than himself, his principal financial supporter is his ex-wife, the former Alida Rockefeller. There is a very real possibility that Dayton, a mentally troubled person at best who has never earned an honest day's wage in his life, may succeed in buying the election."

Friday, August 13, 2010

Obama's GM rescue helped only his friends- #teaparty

Obama's GM rescue helped only his friends--Mark Modica - NYPOST.com: "Bondholders -- investors ranging from large institutions to retirees just scraping by, who loaned GM a total of $27 billion -- received just 10 percent of the company. By contrast, the government's $50 billion gave it about 61 percent.

And the union -- in return for the $20 billion that GM owed its health trust -- got a remarkable 17.5 percent of the stock plus $2.5 billion in cash plus $6.5 billion in preferred stock carrying a dividend of about 9 percent.

In other words, the UAW got three to four times as much as the bondholders for a smaller claim on GM's assets. The union even boasted to its members in May 2009 that it had made no concessions on pay, health care or pensions in the restructuring."

Obama's GM rescue helped only his friends- #teaparty

Obama's GM rescue helped only his friends--Mark Modica - NYPOST.com: "Bondholders -- investors ranging from large institutions to retirees just scraping by, who loaned GM a total of $27 billion -- received just 10 percent of the company. By contrast, the government's $50 billion gave it about 61 percent.

And the union -- in return for the $20 billion that GM owed its health trust -- got a remarkable 17.5 percent of the stock plus $2.5 billion in cash plus $6.5 billion in preferred stock carrying a dividend of about 9 percent.

In other words, the UAW got three to four times as much as the bondholders for a smaller claim on GM's assets. The union even boasted to its members in May 2009 that it had made no concessions on pay, health care or pensions in the restructuring."