AIG, Debt, Dr. Zhivago, Earmarks, Economy, News, Obama, Obama Swing Set, Politics, Russia, Sidwell Friends School, Socialism, The Constitution - Article 1 Section 9, Tim Giethner, USSR

Mulligans & Book Reports, by Beverly Hicks Burch

Mulligans & Book Reports

By Beverly Hicks Burch

They want a Mulligan! A ‘do over’”.

That was my first thought earlier today as I watched the news about the frenzy on Capital Hill as inept lawmakers try to rush through a bill regarding the AIG bonuses.

The Congress is presently trying to rush through a bill that would pick out a group of people and retroactively deal out punitive measures and taxation. Not only is that wrong, but it’s unconstitutional.

Our founding Fathers drafted measures within the Constitution (Article One; Section 9) that would prevent such punitive actions and vengeance by the Federal government against a person or a group of people. The Founding Fathers had been the victim of such actions by the King and the Crown and they wanted to insure it never happened on American soil.

Folks, if Congress can do this to a handful of people…they can do it to you! What would stop them from passing legislation to go back and retroactively tax income you earned 10, 15, 20 years ago because they decided you hadn’t paid enough taxes?

In today’s Washington…there’s nothing to stop them…they are legislating as they go and darn the Constitution. Congress wants to violate the Constitution because they screwed up…and they want to wreck havoc on centuries of contractual law.

But, what should we expect from a President who campaigned vigorously against “earmarks” and said he would do away with earmarks. Now, he says they have a purpose…sure they do Mr. President…yep, that’s change for you folks, NOT!

Don’t misunderstand me, the AIG bonuses where wrong! Way wrong. The bonuses rewarded people who brought down a company and helped create a financial debacle, plus many of the bonuses were retention bonuses…and the people who received them have flown the coop! So much for retention…

But, this Administration knew the bonuses were in the wind when they paid out the bail out money anyway. Treasury Secretary Tim “Oops I Forgot to Pay My Taxes” Geithner was head of the New York Fed when the bail out was drafted.

Don’t forget Obama took time out from campaigning and went back to Washington as a young Illinois Senator to help draft the bail out plan. Short and simple AIG was told they could pay out the bonuses as long as they were in keeping with past bonus plans percentage wise.

This Administration helped create this debacle, and now they want a Mulligan…a do over. Guys, it just doesn’t work in real life…get it right the first time.

And while your at it, we’re tired of your blame game of “we inherited this debt”. You did inherited some debt, but in less than 60 days, the Obama Administration has managed to double or triple that debt and it continues to grow with each new “plan” or “stimulus”…oh, yeah…that’s change…

Meanwhile Obama is AWOL…campaigning for his agendas…instead of staying in Washington and “governing” from the Oval Office. To quote the old timer, “Hot d*mn!” we’ve elected ourselves a professional campaigner! (Not to mention a celebrity who wants to carry his message to the public via Leno! Hello!! Are we being punked or will Obama show up on Jackass next with a stunt that will make his agenda appeal to those masses and stick in our heads?)

We’ve been told…repeatedly…this is what he does best. We’ve been told…repeatedly…what a great communicator he is…just to find out he has to read teleprompters for everything. The man is reading everything he says to us. In others, he’s reading his speeches like a high school student reads his book report before the classroom! I wouldn’t call him a great communicator, but maybe a good reader…or maybe a bobble head doll. That’s why his head goes back and forth sooo many times during a speech!

One of Obama’s key agendas for “change” has been his desire to redistribute wealth…like there’s a whole lot of that going around these days…Obama and his administration have a vengeance for the rich or those with any wealth…at least if it’s not in their pocket. I think I smell some duplicity and double standards in DC these days!

Let’s exam Obama: according to the 2005 United States Senate Financial Disclosure Report for Annual and Termination Reports, the Obamas:

  • Earned over $1,ooo from the University of Chicago Hospital
  • Earned $847, 167 from Random House in a book advance
  • Earned $378, 329 from Dystel & Goodrich in royalties
  • Earned over $1,000 from Bay Valley Foods for Director Fees (what director do you know that earns only $1,000?)
  • Earned over $1,000 from Tree House Foods – again for Director fees

That’s $1.25 million dollars in earned and non-invested income for 2005! But, it doesn’t stop there!

According to the report, the Obamas were quite well invested:

  • They reported 7 investment funds valued between $50,000 and $100,000
  • They also reported 3 investment funds valued between $50,001 and $250,000
  • Obama also reported stock sales and purchases in the $2,000 to $180,000 range

Pocket change I guess for the high and mighty…

Additionally, on June 8, 2005, Obama received a Gibson Les Paul Studios Guitar valued at $1,900, and advancements on book royalties to the tune of $1.9 million dollars and $370,000 that were mentioned in an attachment with the disclosure.

More chump change for the champion of the poor and needy…

The 2006 Disclosure statement proved just as interesting with Obama using the almost exact “attachment” noting his advancements on book royalties…down t0 the exact same amounts.

From the 2007 Disclosure, we learned the Obama family reported earned income of $4,094,690 (yes, that’s millions folks), 12 investment funds – one valued between $500,000 and $1,000,000 and another valued between $1,000,001 and $5,000,000 (yep 5 million dollars).

We also learned that Mrs. Obama resigned from her job as Director of Tree House Foods. (Question: What’s a smart, savvy, educated gal like Michelle working as Director of a food company for only “over $1,000? Seems like a waste of her high priced education or a cover-up of her true income.)

While the rest of the country is loosing hard earned life savings, struggling to pay mortgages, watching the value of their homes drop and even wondering where the food on the table will come from, the Obamas continue to live in the style they are accustom to…and it’s mighty fine.

When you struggle to pay your mortgage this month, take into consideration the Obama family just installed a $3,500 swing set at the White House. But, hey, Daddy Obama can look up from his desk in the Oval Office (when he’s there) and see his little darlings romping on the Rolex of swing sets. Just makes you warm and fuzzy, doesn’t it?

When you worry about your child’s school…about the quality and safety…take into consideration the Obamas have enrolled their children in Sidwell Friends School in the DC area. Elite private schools like this one don’t come cheap. Tuition ranges from $28,422 for lower school and $29,442 for middle school.

That’s as much or more than some Americans earn in a year, and the Obamas are paying that times two for their girls. Why did the President for “the people and change” not choose public school in the DC area for his children? He’s sending his kids to the same school many past politicians have sent their children. How is that change and how does it show his support for public education…one of Obama’s soap boxes?

In the meantime, Daddy Obama’s administration acted to show their support and solidarity for public education by terminating the voucher system and will now force many children who were going to good, safe schools back into public schools rife with problems and danger. These vouchers allowed some children whose parents earned as little as $22,000 a year to send their kids to private schools to get a good education. But, Obama says, NO! My girls can go to private school, but yours can’t… Yep that’s change…do you believe in it?

Me thinks the Obama’s are eating cake with Marie Antoinette…but, then that’s the socialist way.

You see, American Socialists refuse to see that socialism is a failure. Great Britain they say is bankrupt, the Soviet Union failed. I’m old enough to remember the dismal days of the USSR. The average Soviet citizen spent hours in lines…for things as simple as toilet paper that resembled wood chips held together with Elmer’s Glue. In the meantime, Soviet leaders and politicians lived large at the Kremlin and their wives travel the world with an American Express card. No wonder that Wall came down…

In December I saw for the first time the movie Dr. Zhivago. It was dismal to see what happened in Russia after the socialist/communist came to power. People if you have not seen this movie, run…don’t walk to find a copy to watch it. If you wait too long, it might be too late…and you just may be chopping up your furniture to burn for heat and sharing your home with fellow comrades.

Dr Zhivgao in a Nutshell

Oh yeah…that’s change all right…may I call you Comrade?

© 2009 Beverly Hicks Burch All Rights Reserved.

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