Archive for May, 2011

Chrysler repays loans!!!

May 24, 2011

Finally, a story with a happy ending!!!  Chrysler is repaying the loans that the USA and Canada provided for them to remain in business.  A few quotes from the article:

“Chrysler Tuesday paid back $7.6 billion in U.S. and Canadian government loans from its 2009 bailout, a move that allows the U.S. automaker to distance itself from an unpopular bailout and deepen its ties with Italian automaker Fiat SpA.”

“The automaker said it repaid the original loans in full, more than six years ahead of schedule. Under the original terms, Chrysler had until 2017 to repay the debt.”

Isn’t that fantastic!!  Finally Chrysler and its 66,409 employees are finally turning things around.  I had written a previous article that was not to happy with the “bailout” of Chrysler, and I am still not convinced that the loans/bailout + interest have been accounted for.  But, it looks like they have tried to do the RIGHT thing.  One more quote from the article:

“The U.S. Treasury said it continued to hold a 6.6 percent common equity stake in Chrysler, but it did not expect to fully recover its remaining outstanding investment of $1.9 billion in the automaker.” (emphasis mine)

Wait…… my calculations the 66,409 employees get to keep $1.8 BILLION of YOUR dollars!!!  That is $27,000+ each.  See, don’t you feel better knowing that YOU saved Chrysler, and it ONLY cost you $1.8 BILLION, that the Treasury does NOT expect to recover?  Doesn’t that make you feel good??

And, wouldn’t you know it, the President is HAPPY and telling about the good job he has done!!  I am sure there are at least 66,409 people who agree with you Mr. Obama, however I am NOT one of them.  Do NOT say that you did a good job GIVING my money away!!  Get it back + interest!!

OK, maybe that was NOT a happy ending.  The soonest I see a happy ending happening is 2012!

Obamacare Waivers!!!

May 16, 2011

Finally, I have found the NEW web address that the “Most Transparent Administration in the History of the World” has used to update us lowly peasants about their manipulation of the markets for THEIR “friends”.

Here is the link that gives the updated damage to our republic.

In short, the waivers now stand at 1372 Waivers, that cover 3.1 MILLION people.  Note: that is an increase of 50% in the number of people covered by these waivers, since JANUARY!!  Here is the previous blog post that I have done.  It contains the older link, that is still active.  (You know this was done, to cause confusion, by “the Most Transparent Administration in the History of the World”).  And most of the waivers have been obtained by…..wait for it……UNIONS, or UNION CONTROLLED companies!!!  You know, friends of the ONE.

The more that people learn about “what is in the bill, since it was passed” (Thank you for your help, Nancy Pelosi!!), the more it is NOT wanted!!!

Social Security???

May 12, 2011

Is Social Security going to be available when YOU retire??  That is ONE question that every American should be asking.  Another is, Will I get out of Social Security ALL of the money that I have donated, plus interest?  Is Social security solvent?

To be honest, I do NOT know the answers to the previous questions, but I have my doubts.  The doubts are what make me and MANY Americans nervous and angry. 

Another issue that I see with Social Security, as it is administered today, is that it is subject to the WHIMS of politicians attempting to buy reelection.  Or subject to politicians making cuts, as in NO COLA (Cost of Living Adjustments) for the past two years.  Does ANYONE believe that the cost of living, for people that rely on Social Security, has NOT gone up for the past two years??  When the cost of gasoline has increased more than 100%, or prescription drugs (or insurance to cover prescription drugs) have had drastic increases, or the cost of food is at the highest it has been EVER?

I have always offered to give up EVERYTHING that I have paid into Social Security, IF I could then invest my employers portion and my own portion into an account that BELONGS to ME!!  I think that EVERYONE needs to read this article from Forbes, that details the experience of three Texas Counties that opted OUT of Social Security. 

There ARE solutions to fix the fiscal problems/disasters that we face!!  Our representatives need to look at ideas that HAVE worked!!

Call your representatives!!  They will only ACT if they hear you!!

Obama and Osama…

May 4, 2011

Did Obama ORDER the mission that killed Osama (Usama) Bin Laden??  That is the question.

My first reaction to the above photo was…..Why does it appear that Obama is NOT allowed at the “grown up” table??

Now I read this.  Not sure if it is true or not, but from what I have learned about the individuals involved, specifically Valerie Jarrett and her relationship with The One, it does seem plausible. 

At this point I really do not care who ordered it, I want to say CONGRATULATIONS to Seal Team 6 and ANYONE else involved with the SUCCESSFUL completion of this mission!! 

What do you think?