Anti-Bailout Tea Party Group Puts Millions In Bailed-Out Bank
One of the driving forces behind the Tea Party movement is its opposition to the Troubled Assets Relief Program (TARP), which Congress passed at the height of the financial crisis and President Bush signed into law in October 2008. In fact, the Our Country Deserves Better PAC, which heads the Tea Party Express, lists one of its overarching principles as “opposition to bailouts.” They deride bailouts as “dangerous,” “quasi-socialism,” and “immoral.”
Bank of America has received $45 billion from the federal government, making it one of the largest recipients of TARP money. It is no surprise that the Tea Party Express has derided companies that took bailout money, even singling out Bank of America by name at a Pennsylvania rally last year. What is surprising is that for all its anti-TARP vitriol, the Tea Party Express holds all its funding in the bailed-out bank.
According to FEC records, the Tea Party Express’s parent organization, the Our Country Deserves Better PAC, keeps its funds exclusively in a Bank of America branch in Corona, CA. Lest you think Bank of America was their only option in the area, a rudimentary Google Map search found over a half-dozen other banks in Corona alone that have not received TARP money. If the Tea Party Express truly believes that bailouts are dangerous and immoral, why is the group putting millions of dollars into a bailed-out bank?
Remember kids always check your tea for odd looking substances before drinking or you could end up a burned out tea bagger too.
Schundler: Christie Calling Me A Liar Is 'The Last Straw'
In an e-mail and statement provided to reporters this afternoon, former New Jersey Education Commissioner Bret Schundler (R) defended himself against charges by Gov. Chris Christie (R) that Schundler deliberately misled the governor over the events leading up to the state's loss of a $400 million grant. Although he would have been able to accept being fired over the error that cost the state money, Schundler said he was unwilling to accept any further character assassination.Christie was supposed to be one of the new saviors of wacky far Right conservatism - it seems they have a new savior every month - now Christie has screwed up and is trying to lay blame on an employee. Sounds a lot like that old GOP savior George Bush who was never accountable for any mistakes.
"I will not accept being defamed by the Governor for something he knows I did not do," he wrote. "The Governor called me a liar this week. That was the last straw."
Condé Nast Portfolio listed California Senatorial Candidate Carly Fiorina as one of 'The 20 Worst American CEOs of All Time.'
Carly Fiorina is the Republican candidate for U.S. Senator in California, a position that requires consummate executive and political skills. Fiorina regularly tells voters in the Bear State that she is a seasoned business executive who knows how to be an effective decision maker.
Yet, a sentence in her Wikipedia profile notes why this is hypocrisy: “In 2005, the Hewlett-Packard board forced Fiorina to resign.” Ah, but it gets better – or worse depending upon whether you were a Hewlett-Packard stockholder: “When Fiorina became CEO in July, 1999, HP's stock price was $52 per share, and when she left 5 1/2 years later in February, 2005, it was $21 per share—a loss of over 60% of the stock's value.”
And the coup de grace: “The company's stock jumped on news of Fiorina's departure."
California is the world's fifth largest economy. If she succeeds in buying herself a senate seat Carly will no doubt bring her wonderful CEO skills with her. Something for Californians and the rest of the country to look forward to.
Sarah Palin the Sound and the Fury
Even as Sarah Palin’s public voice grows louder, she has become increasingly secretive, walling herself off from old friends and associates, and attempting to enforce silence from those around her. Following the former Alaska governor’s road show, the author delves into the surreal new world Palin now inhabits—a place of fear, anger, and illusion, which has swallowed up the engaging, small-town hockey mom and her family—and the sadness she has left in her wake.
Not that any new or old revelations matter. Palin is laughing all the way to the bank with her new found Politiceleb status. Like many conservatives she has found it remarkably easy selling lies to the gullible rubes that hang on her every word.
