Blogs For Victory

Yep, things are getting better all over:

The Federal Deposit Insurance Corp.’s plan to rebuild its reserves may cost Bank of America Corp. and three of the largest U.S. banks more than $10 billion.

Bank of America, the biggest U.S. lender by deposits, may owe $3.5 billion under an FDIC proposal that banks prepay three years of premiums, based on the lowest assessment rate multiplied by the bank’s $900 billion in June 30 U.S. deposits.

“This seems like a very hefty amount,” said Tim Yeager, a finance professor at the University of Arkansas and former economist at the Federal Reserve Bank of St. Louis. “The FDIC’s projections of future losses are pretty severe, and they are trying everything they can to avoid tapping the Treasury.”

Two cheers for FDIC for getting the banks to pay rather than dipping in to the taxpayer’s pocket – but the bad news remains: the FDIC is functionally bankrupt at the moment. So many banks have failed in 2009 that the FDIC has simply run out of money to secure the deposits (it probably hasn’t helped that Uncle Sam raised the insured amount to $250,000.00 per deposit). And here’s the worst news: there’s no let up in the bank failures.

Meanwhile, in other news:

More companies in the Chicago area reported business worsened in September, according to the Chicago-NAPM. The Chicago purchasing managers index fell to 46.1% in September from 50.0% in August, the trade group said. Economists were expecting an increase to 52%. The new orders index backtracked to 46.3% from 52.5% in August. The employment index was essentially unchanged at 38.8%. Readings under 50% indicate more firms said business was worsening than said it was improving.

Getty all warm and fuzzy over this? I mean, this has just gotta be part of the Obama plan, right? Biden says its working better than anyone expected, ya know? The really bad news: it was just this sort of news which caused the 2002 stock sell off.

HAT TIP: Mish’s

UPDATE: Stocks slide on economic worries. Talk about perfect timing.

Add another to the list of endangered Democrats:

…Arkansas’ Blanche Lambert Lincoln trails all four of her leading Republican challengers in the first Rasmussen Reports Election 2010 survey in the state.

Lincoln fails to get 50% of the vote in any of the match-ups, and any incumbent who falls short of that level is considered vulnerable…

Its polls like these which will make it very hard for Obama, Pelosi and Reid to push through much more of the leftist agenda. Dear Ms. Blanche just can’t afford to vote Obama at this point in time – it’ll cook her goose back home.

You know, I have been physically assaulted for supporting President Bush.

I have witnessed firsthand anti-Bush protests where left-wing wackos hung effigies of Bush, held signs calling for his assassination, calling Bush a Nazi, etc. etc.

So, when I read idiotic columns like this, by New York Times columnist Thomas Friedman, I have to take issue with it. He wrote,

I have no problem with any of the substantive criticism of President Obama from the right or left. But something very dangerous is happening. Criticism from the far right has begun tipping over into delegitimation and creating the same kind of climate here that existed in Israel on the eve of the Rabin assassination.

Please. The criticisms of Obama haven’t even come close the vitriol that came from the left-wing nutters who protested Bush like it wast their full time job. Not. Even. Close.

Air America aired skits threaten Bush with assassination. Air America host Randi Rhodes had joked about assassinating Bush. The left was pretty much silent… no outrage at all.

There are plenty of examples of “assassination chic” that seemed to be acceptable to the left back in the Bush years. Yet, today they are making up ridiculous claims that today the political right are creating a climate that hints at a desire for Obama’s assassination? Stupid.

So, why is the left pretending that people who don’t want government run health care are just a bunch of racists who want Obama assassinated?

So, let’s get back to reality here. The left’s attempts to de-legitimize their opposition isn’t going to work.

Go negative – very, very negative:

With 34 days to go in New Jersey, Christie’s lead over incumbent Democrat Jon Corzine has been cut from 10 points to four, according to a new survey from the Quinnipiac University Polling Institute.

Christie now leads Corzine by just 43-39 percent, with 12 percent of the vote going to Independent candidate Chris Daggett.

On September 1, Christie led Corzine and Daggett by 47-37-7 percent.

What accounts for the halving of Christie’s lead?

Simply put, the pounding he’s taken at the hands of Corzine’s unmatched millions of dollars in negative advertising.

Corzine’s numbers have barely moved — from a favorable/unfavorable rating of 35 percent favorable, 53 percent unfavorable on June 10, he’s moved to 34 percent favorable, 56 percent unfavorable.

But Christie’s favorable/unfavorable rating has now moved to 38 percent favorable, 38 percent unfavorable. That represents a 20-point shift to the negative from June 10, when Christie’s favorable/unfavorable rating was at 36/16 percent.

In other words, since the week he won the primary election, Christie has moved his positives two points, from 36 to 38 percent, while Corzine has moved Christie’s negatives by 22 points, from 16 to 38 percent.

This is an almost exact duplicate of what Democrats did in California back in 2002. Back then, they had a horrendously unpopular governor (Gray Davis) and so what they did was poison the well so much that their man managed to squeek to a win. Helping the Democrats along is a strong, third party candidate who may siphon enough votes away from the GOP to allow Corzine to win with 40% of the vote (he’s a Democrat – that he’s been a miserable failure doesn’t matter, as long as there’s a “D” after his name, he’ll get that many votes in New Jersey). It is also, by the way, what I expect out here in Nevada next year – Reid is building up a $25 million war chest and will use it to smear whomever the GOP nominates.

Now, how does Christie turn this around? As noted later in the linked article – go after New Jersey’s horrific property tax rates. Why? Because it’s popular – the people are overburdened and want relief. But, more important than that, it puts Christie on the outside. In New Jersey, there is always talk of tax relief – but never any action. The people of New Jersey are used to this – they hate it, but its just expected that whomever is elected will break whatever tax promises made (as Corzine has done on the very issue of property taxes). But, still, if its clear and bold and hammered home relentlessly, Christie can put himself outside the New Jersey establishment, and surge to victory in November.

The whole of politics right now is “people vs powerful” – the outside is ticked off at the inside. If you can be outside the establishment, you can win – the establishment has no way to beat you, because you won’t be playing their game on their field. Christie can play it safe, hope his lead holds for the next month…and then get beaten, or he can understand that the old, dead ways of politics must be discarded.

We’ll see how he does. Meanwhile, are you a New Jersey GOPer? Then get out and help.

Decades of making a complete, vulgar fool of herself in public, and this is what finally does the trick?

Roman Polanski: backlash as Whoopi Goldberg says director didn’t commit ‘rape-rape’

And this is what doesn’t cause a backlash:

“I don’t really view communism as a bad thing.”

“Do I Have To Be Worried About Becoming a Slave Again?” (on McCain’s desire to obey the Constitution)

“It’s like cockfighting in Puerto Rico. There are certain things that are indicative to certain parts of the country.” (on Vick’s dog fighting ring)

“It’s very strange that when, when the Catholic God, you know, because there are so many different gods. I’ll refer to the Catholic God at the moment.” (on who knows what she was actually saying)

Strange world.

A good article to read on Obama’s fiscal irresponsibility, but this one line tells the tale:

For each of Obama’s years in office, the deficit is projected to be larger than any year during Bush’s terms.

Obama promised us fiscal responsibility.

Well, actually, I don’t – but David Kahane, speaking for liberals, has one (or, actually, quite a lot of them) over at NRO.

Just to clarify, I don’t want anyone to die. Well, at least not quickly. Well, unless lingering in pain would be terrible, then you might want to die quickly. But, then again, we’re mostly Christians over here, so we’re cool with uniting our suffering with those of Christ on the Cross, so it might be good to live for a while, even in pain. Anyways, I don’t want you to die. No, not you, either. Look, seriously, I’m ok with people not dying. I can even say I’m 100% in favor of everyone continuing to walk around…

Thank you.

Eventually, we hope that rank and file liberals will realize that their leaders are akin to the leaders of the old USSR – talk a great socialist game, but live a very rich, privileged life…and they take care of their own:

Sen. Barbara Boxer’s climate bill set to be released today contains a provision that will compensate General Electric quite nicely for its lobbying and media efforts promoting climate legislation.

Section 821(c) requires that, by December 12, 2012, the EPA set standards for greenhouse gas emissions from “new aircraft and new engines used in new aircraft.”

General Electric is the world’s largest manufacturer of commercial and military jet engines, a business worth about $12 billion in annual revenues.

So the Boxer bill would compel airlines and the military, when purchasing new aircraft and new aircraft engines, to purchase more expensive “green” engines made by GE, according to standards set by the current and GE-lobbied Obama administration.

Keep in mind that GE CEO Jeff Immelt is member of President Obama’s Economic Recovery Advisory Council.

And Immelt’s MSM outfits might as well be part of the White House press office. Getting the picture, liberals? You’ve been taken for a ride – and taken for suckers. No surprise, because you are…did you really think that filthy rich, never-earned-a-penny people like Boxer, Pelosi, Kerry, Rockefeller, (the late) Ted Kennedy, etc would ever in a million years risk their own wealth and position? Or the wealth and position of their friends and donors?

Wake up.

Well, here’s your chance.

And if you ever want to discuss/rant/chat amiably about the 2010 Nevada Senate race…here ya go.