Tuesday, August 04, 2009
Obama's Bad Boys and How to Punish Them in Style - Bank of America and North Korea
Okay, today's lesson is how to punish the bad guys and look good to the public while really not hurting the bad guys too much in the process.
Bank of America
First we have Bank of America, the giant bank that teetered on the brink of bankruptcy because of a series of stupid and possibly illegal actions. This was the bank Bush and Obama virtually forced to absorb the investment firm of Lehman during the financial meltdown. So in return for doing the government's dirty work with Lehman, the Bank of America gets a $25 billion bank bail out from the US taxpayer. It then says it must pay $5.8 billion in bonuses to the very employees that nearly bankrupted Lehman, bonus payments which the Obama administration allows to happen.
To punish them, however, the Security and Exchange Commission under Obama charges the Bank with lying to their stockholders about the Lehman bonuses and negotiates a fine of $31 million for the action. So, the Bank violates the law and gets fined $31 million while also being given $25 billion in taxpayer money. In addition the $5.8 billion in bonuses get paid. So we the people nailed the bad guys for $31 million while letting them get away with $31.8 billion. It seems to me we just lost $31.49 billion with the Obama settlement.
Gored Again by Gore in North Korea
Speaking of good friends of the president, there is the case of former Vice President Al Gore who we have already shown made about $100 million off the environment while telling the US Senate every cent he gets from his environmental work goes to non-profit groups. He stands to make over a billion more if Congress would pass the Obama "Cap and trade" scam which was devised by Gore and his partner Goldman Sachs. Yes, the same silent partner serving Obama.
Now Gore has two of his staff captured by the North Koreans, staff who call themselves journalists, who supposedly "accidently" wandered into the most secure Communist country left on earth. They were sentenced to 12 years in prison, rather harsh except North Korea has made it a practice to bully the Obama boys ever since the president promised to sit down and talk with them. Until now Obama said he would only talk to them if Russia, China and Japan among others were involved.
Today the White House sent in former president Bill Clinton on a private jet to negotiate for their release. I don't suppose there is any connection between Bill and Hillary, his wife and the Secretary of State, who has been getting run over by Obama's legion of foreign policy advisors. And it is also probably just coincidence that the journalists are Al Gore employees, his former VP.
So the White House pulls an end run on our allies cutting China, Russia and Japan out of the negotiations with North Korea with this sham all for political expediency to make Barack and Hillary look like they are actually accomplishing something in foreign policy which they are not. Al Gore, who has already made tens of millions off the administration, gets his employees saved at taxpayer expense and it will not be cheap.
Congress should investigate the circumstances of this action and at a minimum demand Gore pay the cost. Why in the world were his employees wandering into North Korea in the first place? Does this incredible action of sending a former US president into a hostile country to save a couple of people who violated the law of Korea in the first place have anything to do with the fact Iran has now captured three more stupid Americans who supposedly wandered into Iran last week and now it looks like both the bad boys, Iran and North Korea, have the Obama administration right where they want them.
Look for us to pay millions if not billions to these former enemies to get them to sit down and talk about all the wonderful ways we can work with and help countries dedicated to destroying our government. If this is the future direction of the Obama foreign policy then I think we need to re-examine our role in the world. Policeman or patsy, which are we?