The People Making Money: Lawmakers

The big winners?  Lawmakers.  No surprise there.  If you had a pile of cash, wouldn’t you want to be in the district of criminals to protect it?

Our favorite lawmaker, Nancy Pelosi made a whopping $9 million in cool cash.

Financial disclosures: Wall Street’s bull market in ’09 lifted lawmakers’ net worth

Congressional leaders in both parties reported dramatic increases in their net worth last year on the back of a rising stock market.

House Speaker Nancy Pelosi (D-Calif.) reported the biggest gain for 2009. The Speaker’s worth jumped by $9 million to roughly $21.7 million last year, according to financial disclosure statements released by the House clerk and the Senate secretary on Wednesday.

House Minority Whip Eric Cantor (R-Va.) saw his wealth rise by about $1.4 million, to $2.4 million, in 2009 compared to his report for 2008.

Some lawmakers also increased their net worth in 2009 by reducing liabilities.

For example, Pelosi reported a lower liability for a mortgage she holds on a California vineyard, listed as at least $1 million instead of at least $5 million the year before. Senate Majority Leader Harry Reid (D-Nev.) paid off a loan to Harry Reid Ltd. worth at least $50,000.

Reid saw his net worth rise by $185,000, to $3 million, while Senate Minority Leader Mitch McConnell (R-Ky.) saw his net worth increase by almost $1 million to total $7.1 million.

The disclosure form for Reid also reveals the majority leader shared a jet flight to California with Sen. Dianne Feinstein (D-Calif.), one of the wealthiest members of Congress, after the Senate’s Christmas Eve healthcare vote. Feinstein footed the $3,625 bill for the flight. Sen. Barbara Boxer (D-Calif.) was also aboard, according to her financial disclosure report. Her flight also cost Feinstein $3,625.

John Boehner liquidated retirement fund

House Minority Leader John Boehner (R-Ohio) purchased about $700,000 in blue chip stocks in December after liquidating a profit-sharing retirement fund.

Late last year, Boehner sold off between $1,000,000 and $5,000,000 of his Nucite Sales profit-sharing retirement plan, according to congressional financial disclosure documents released Wednesday. Nucite was a plastics company that provided the bulk of his wealth. Boehner’s office says he did not control the investment in the retirement fund.

On the day he that unloaded that retirement fund, Boehner bought at least $698,000 in companies such as Goldman Sachs, BP, AT&T, Chevron, ExxonMobil, JPMorgan, Pepsi and Microsoft. He also put between $100,000 and $250,000 in a UBS liquid asset fund.

Boehner also loaded up on $81,000 on bonds and notes from companies like AT&T Wireless, Duke Energy, General Electric and the now-shuttered Bear Stearns.

While Republicans spent much of the year saying that Fannie Mae needs reformation, Boehner bought between $1,001 and $5,000 of the company’s securities, along with at least $15,000 of Federal Home Loan Bank securities. Boehner also bought at least $15,000 in U.S. Treasury notes.

The Reality Of The Wasted Stimulus Money

I know everybody is angry with both parties, but the truth is the truth, no matter who it comes from. The truth cannot be spun.

“…most of the money we are investing, as part of this plan, will get out the door immediately…” – Barack Obama

“This bill will create 3-1/2 Million jobs. Respect it for what it does.” – Nancy Pelosi

Obama Plays Chess With The GOP

Obama Plays Chess With The GOP

One would think that the community organizer-in-chief would recognize grassroots messaging when he sees it, but for this fool, he appears to believe that the GOP is astroturfing the tea party message.  And yes America, you are too stupid to understand what he is saying, so he had to do a speech in Tampa after the SOTU, and again today his face was plastered all over the TV regurgitating the same speech just one more time while he attacked the GOP again.

Facts are facts, and math is math.  Every time he attacks the GOP for not cooperating, the American People for being stupid, or The Supreme Court for displeasing him, please keep in mind his party has control. Period.  The Democratic Party has not been able to get anything done besides spending us into a blackhole because their own members do not like some of their progressive and un-Constitutional policies.  This has nothing to do with the GOP who, up until Scott Brown is seated, have been spitting in the wind when it comes to Bambi’s proposals.  It appears that Bambi is trying a very creative chess move with the GOP.   Help me and get voted out, don’t help me and get voted out.  It is all still smoke and mirrors because Barack Obama does not need the GOP to achieve his agenda even with Scott Brown seated.  Reconciliation anyone?

The ‘deficit of trust’ has been around since JFK’s and Bobby’s assassinations.  The only difference now is that more Americans do not trust their government anymore, and looking back at the last few years, I have this sinking feeling that we are being played yet again.  I will have to background process this for a bit.

President Obama rumbles with House GOP

BALTIMORE — President Barack Obama on Friday accused Republicans of portraying health care reform as a “Bolshevik plot” and telling their constituents that he’s “doing all kinds of crazy stuff that’s going to destroy America.”

Speaking to House Republicans at their annual policy retreat here, Obama said that over-the-top GOP attacks on him and his agenda have made it virtually impossible for Republicans to address the nation’s problems in a bipartisan way.

“What happens is that you guys don’t have a lot of room to negotiate with me,” Obama said, silencing the smattering of Republicans who had applauded when he said “Bolshevik plot.” “The fact of the matter is, many of you, if you voted with the administration on something, are politically vulnerable with your own base, with your own party because what you’ve been telling your constituents is, ‘This guy’s doing all kinds of crazy stuff that’s going to destroy America.’ ”

Obama’s comments came in the midst of an extraordinary back-and-forth with Republican House members – a scene straight out of the House of Commons that played out live on cable TV.

But he also criticized the Republicans for reflexively opposing his policies – even when, he said, they were in line with GOP principles. And the encounter got progressively more raucous from there

Obama urged Republicans to come to the table and work with him on policy compromises, saying Americans “didn’t send us to Washington to fight each other in some political steel cage match.”

Go over and read the rest.

Why the need for such strong rhetoric?

The GOP response:

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