posted September 15, 2011 08:38 AM            

In my recent speech in Iowa, some eyebrows were raised when I took on our government’s enormous economic problems caused by crony capitalism. As if on cue, just days later President Obama selected someone who exemplifies a major crony capitalism problem to sit next to the First Lady when he delivered his “jobs plan” speech before Congress. He selected General Electric CEO Jeffrey Immelt as his honored guest.

Having grown up with great respect for GE thanks to stories my grandfather shared with us about his days working for the company and even meeting GE spokesman-at-the-time Ronald Reagan during a company event, I am saddened at GE’s leadership evolution. This corporation is now the poster child of corporate welfare and crony capitalism.

This icon of American industry is a company full of good employees who make some good products (and is the parent company of a huge media outlet), but GE is also a large American corporation that pays virtually no corporate income taxes despite earning worldwide profits of $14.2 billion last year, $5.1 billion of it in the United States. In fact, they claimed a tax benefit of $3.2 billion, meaning they received more of our hard earned tax dollars than they contributed. How is that possible? It’s because not only do they shelter their money from taxes, but they also get many tax credits, loans, government grants, and other benefits from the federal government that our smaller businesses couldn’t even imagine being able to profit from.

Joining GE in the pantheon on crony capitalism is another Obama favorite that has been in the news of late: Solyndra. The President hailed this “green energy” company in a speech last May as “the true engine of economic growth.” When he announced the $535 million guarantee to Solyndra, Vice President Biden said that investments like this are “exactly what the Recovery Act is all about.” (Dear God…If the failed Solyndra venture has been what it’s “all about,” then that explains a lot.) As I pointed out in my speech at the Reagan Ranch Center last February: “History has proven again and again, when government picks the winners and losers, we’re stuck with the losers, and we the taxpayers subsidize failure!” And that’s what we’re seeing now, as the FBI raids the solar energy company’s headquarters to glean more information after the company was handed half a billion dollars in “green energy” Stimulus funds from the American taxpayer only to later declare bankruptcy. More than one thousand Solyndra workers lost their jobs. Now as the truth comes out, we discover that the White House was heavily involved in the Department of Energy’s rushed decision to give the Stimulus funds to Solyndra, and they tried to move the money through so quickly they seem to have ignored concerns that the company was not viable. Why would they do this? Perhaps it’s because a large investor in the company (about 35%) is Obama campaign bundler George Kaiser. And with the way the deal is structured, Kaiser will get his debts paid before we the taxpayers see any relief. That is sickening. And that’s how it works: workers lose their jobs, wealthy political cronies stand a good chance of getting their money back, and the U.S. taxpayer gets the shaft. Again.

President Obama has his sights set on raising $1 billion for his reelection campaign. Raising that money won’t be easy. But if you can hand out other people’s money to friends, it must get a whole lot easier. This crony capitalism and government waste is at the heart of our economic problems. It will destroy us if we don’t root it out. It’s not just a Democrat problem or a Republican problem. It’s a problem of our permanent political class. This won’t stop until “we the people” say enough is enough, and we retire the permanent political class that votes for this.

posted September 15, 2011 11:28 AM              

that is the only aspect of this that is new. perhaps she will get round to acknowledging the role of the banks in the meltdown and how they are doing better than ever SINCE it happened - in time for the actual campaign?

posted September 15, 2011 12:04 PM            

Nor do I recall ever suggesting those who are against "Crony Capitalism" are shrieking Socialists.

What I did say is that during Kommander Korruption's administration banks were threatened with Congressional investigations and Justice Dept investigations for refusing to lend mortgage money to those who did not qualify for residential mortgage loans..under the aspices of the Community Reinvestment Act. This act of Congress..from the Carter administration was the prime mover in the collapse of the housing markets and the following collapse of the US economy.

I propose it's time for you and Node to get fully on board with Sarah Palin.

She's everything YOU and NODE SAY you're for and against things YOU SAY you're against.

Sarah Palin was taking on the "Crony Capitalists" in Alaska well before it bacame cool. Further, Sarah Palin beat the hell out of them when she blew up their agreements with oil companies and was the instigator in sending some members of the Alaska Oil and Gas Board to prison.

posted September 16, 2011 04:34 PM              

yes, she negotiated - or helped negotiate - a royalty tax from big oil in alaska. NOW she is saying corporations are getting away with murder...which as i recall was okay with folks here when node complained about it - it's only "natural" and "right" that corporations (being people, i suppose) and billionaires should shave as much off their tax as they can get away with...anyone remember?

and it was but weeks ago that ms palin was clamouring about the ridiculous suggestion that SUBSIDIES to oil coal etc could be discontinued to save us several billion...

so which side of the coin is she actually on?

however she has yet to dump the rallying cry of "dirty stinking socialist" and get to the nitty gritty which is plain old corruption and money running the company the way money wants it.

posted September 17, 2011 10:47 AM            

Your memory is wholly holey katatonic.

Let me fill in the gaps in your memory since you've apparently flushed facts you find disagreeable down the memory hole.

Before Sarah Palin was elected Governor, she was elected to the Wasilla City Council. She decided to run to straighten out the local school system and city government.

Before Sarah Palin was elected Governor, she was appointed to the Alaska Oil and Gas Board. Palin resigned her position in disgust at the political and financial corruption, conflicts of interest by other board members AND a state law which prevented her from telling the public what she knew because the Alaska Attorney General had opened an investigation and thrown a blanket over what was being investigated...and whom was being investigated.

That's right katatonic. Sarah Palin resigned a position in the Alaska government which paid more than $120k per year and she did so against her personal financial interests in the interests of ethical government and fair dealings.

"In 2003, Governor Mukowski appointed Palin to serve as Panel Ethics Commissioner of Alaska's Oil and Gas Conservation Commission, which regulates Alaska's non-renewable resources of oil and gas. She resigned in 2004 as a protest over the "lack of ethics" of fellow panelists who had ignored her complaints of legal violations and conflicts of interest. Palin took a great political risk by revealing that Randy Reudrich, chairman of the state Republican Party, was doing political business on state time, fulfilling a conflict of interest statement that required her to report such things. This action endeared her to the people of Alaska."
http://www.conservapedia.com/Sarah_Palin#City_Councilwoman

"the record i remember of palin is that she went along just sweet as pie with the establishment in alaska"

Right, check!

As to your other compliants about Sarah Palin, I've covered them before.

More disagreeable facts you've flushed down your memory hole katatonic?

Of course Sarah Palin opposes different treatment for oil companies in the US Tax Code...as opposed to other US businesses and Corporations.

Palin actually understands the 14th Amendment to the US Constitution...unlike O'Bomber and the Socialist twits in his administration and the congress. Those over whom you drool katatonic.

You cannot single out businesses or individuals for unequal treatment before the laws of the United States.

If you want to know what all the whining, screeching, moaning and shrieking by Socialists is all about...and the effect singling out oil companies would have on the deficits and debt; read this summary.

Sarah Palin knows the amount of money being screeched, howled and shrieked about doesn't amount to a hill of beans...besides violating the 14th Amendment.

May 2, 2011
About Those Oil Subsidies
By Randall Hoven

Everyone wants to end subsidies to oil companies, from President Obama to John Boehner and Paul Ryan. My question was "What subsidies?" Remarkably enough, CNN Money provided the answer.

It turns out that they are all tax "breaks." I even hesitate to call them "breaks" because some of them amount to little more than Congress defining accounting terms such as "capital equipment." And the total amount of earnings not collected in taxes (which liberals define as a "subsidy") is about $4 billion per year. Here is how that breaks down.

Domestic manufacturing tax deduction -- $1.7 B. This is a tax deduction given to every manufacturer in the US. Per CNN, it was "designed to keep factories in the United States." If that deduction were eliminated for oil companies only, it would mean singling out oil companies from all other manufacturers.

Percentage depletion allowance -- $1 B. Any industry can write down a portion of the cost of its capital equipment as part of the cost of doing business. Right now, oil in the ground is treated as capital equipment. Again, this "subsidy" amounts to how the cost of doing business is defined. All companies get it, not just oil companies.

Foreign tax credit -- $850 million. Companies get credit for taxes they pay to other countries. All companies get this "subsidy," not just oil companies. Should a company pay tax on tax? Should only oil companies pay tax on tax?

Intangible drilling costs -- $780 million. According to CNN, "[a]ll industries get to write off the costs of doing business, but they must take it over the life of an investment. The oil industry gets to take the drilling credit in the first year." Among these four tax "breaks," this smallest one was the only one that treated oil companies differently.

The above tax "breaks" explain how much tax revenue is not collected from all oil companies. How much is collected?

Exxon recently released its first quarter results for 2011. The number grabbing the headlines was Exxon's profit: $10.65 billion in a single quarter. The number not given quite as much exposure was the taxes it paid in that same quarter: $8 billion, or 42% of income before taxes.

And what does Exxon do with all that money it has left after paying $8 B in taxes? It put $7.8 billion into capital and exploration, as part of its plans "to invest between $33 billion and $37 billion per year over the next five years to develop new energy supplies."

In any other industry, that would be called "research and development." Exxon is plowing 73% of its after-tax profits back into R&D. Who would be better at spending $4 billion of energy companies' earnings in an attempt to provide our energy in the future: the energy companies or Obama's energy czar?

Do you know what oil company does get US subsidies, and not just tax "breaks"? Petrobras, Brazil's state-owned oil company. According to the Wall Street Journal,

The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month [August 2009] with Brazilian officials to talk about the loan. **Note** That's right Petrobras, the Brazilian oil company in which O'Bomber's A-Hole buddy and backer George Soros owns a hefty financial interest...and on whose behalf O'Bomber shut down drilling in the Gulf of Mexico to chase off drilling companies in the direction of Brazil...and to the benefit of the Marxist twit Socialist, George Soros.**

Just to re-cap a few pertinent features of these "subsidies" to oil companies that Obama wants to cut.

•They are all tax "breaks," or earnings that oil companies get to keep, not money paid out from the US Treasury.
•The amount of earnings not collected in taxes is about $4.3 billion per year -- about 0.2% of this year's deficit and enough to fund about 10 hours of current US government spending.

•A full $3.55 billion of that amount (82%) is due to the way taxes are treated for all industries or manufacturers. To change these tax laws only for oil companies would require singling them out among all industries for special mistreatment. (I'm not a lawyer, but that sounds like a bill of attainder to me, something our Constitution forbids.)

•The only tax in which the oil industry seems to get special treatment compared to other industries is intangible drilling costs. The amount of that subsidy? That would be $0.78 billion per year -- enough to fund less than two hours of federal spending in 2011, and not even half the amount we are lending a foreign-owned and state-owned oil company for drilling offshore Brazil.

•Oil companies already pay tax rates of 40-50% of income. For one company, Exxon, in one quarter of one year, that amount was over $8 billion, or almost double the so-called tax "subsidy" for all oil companies for an entire year.

If you think oil companies enjoy some special privilege because of the money they throw around Washington, DC, consider that the Oil & Gas industry ranked only 19th in the amount of money contributed to politicians in the 2008 election cycle: $17.7 million. Who was number one? Lawyers, who contributed $126.9 million, or over seven times as much as the Oil & Gas industry. The Education lobby gave $37.4 million, more than twice as much as Oil & Gas.

You might not realize it, but private oil companies don't own much oil. Most oil in the ground, in fact 87% of the world's supply, is owned by state-owned companies, and most of that by OPEC countries and Russia. Exxon, for example, owns only 0.68% of worldwide oil reserves. Venezuela owns 7.34%, more than 10 times as much as Exxon. What Exxon does is explore, drill, transport, refine, and distribute. It makes its money by doing things, not by sitting on capital.

According to the DOE's Energy Information Administration, every time you fill up your gas tank, more of your money goes to taxes than goes to refining costs and profits combined.

Having said all that, go ahead and get rid of that special treatment of intangible drilling costs. Make oil companies write them down over the life of their investments, not just one year. Increase corporate taxes in the US, where corporate tax rates are already highest in the world. Collect enough money to fund the federal government for two hours.

posted September 17, 2011 11:01 AM            

Frustrated, Palin to quit oil panel job
Ethics law: Ex-mayor wants to talk about Ruedrich's stepping down

SEAN COCKERHAM
Anchorage Daily News
Published: January 17th, 2004 05:09 PM
Last Modified: September 5th, 2008 06:49 PM

Editor's note: This story was originally published January 17, 2004

Alaska Oil and Gas Conservation Commission Chairwoman Sarah Palin said Friday she is resigning amid frustration that she is being forced to keep silent about ethics allegations against Republican Party of Alaska chairman Randy Ruedrich.

"I'm forced to withhold information from Alaskans, and that goes against what I believe in as a public servant," Palin said in a Friday interview.

Ruedrich, reached on his cell phone, wouldn't discuss Palin's resignation.

Republican Gov. Frank Murkowski appointed both Ruedrich and Palin to the state commission last spring. In November, Ruedrich resigned the $118,000 commission job in the face of mounting criticism that his job and his party position presented a conflict of interest.

As a top party official he was raising political funds from the same industries he regulated as a commissioner. In addition, allegations surfaced that Ruedrich was doing party business while he was on the state job as an oil and gas commissioner.

Palin has deflected numerous questions from the press about the Ruedrich affair in recent weeks. The Alaska Department of Law has told her that she cannot talk about the ethics allegations against Ruedrich, even after she resigns.

Palin said frustration over the gag order made her conclude it was time to quit, but she said it wasn't the only reason. She wouldn't detail what else contributed to her decision.

She said her last day on the $122,400 job will be sometime next week.

Last month, the Daily News made a formal public records request to obtain e-mails that could show whether Rued-rich directed the Republican Party of Alaska out of his office. Palin responded with a letter denying the request. It said the records must be kept confidential under state law.

Neither she nor the state's lawyers would give a specific reason under the law that required the e-mails be kept confidential.

That could signal that Alaska Attorney General Gregg Renkes is investigating Ruedrich. On Friday Renkes responded to questions about Palin's resignation by releasing a two-page description of ethics law.

"The Ethics Act requires that all matters related to (an) investigation ... remain confidential," it said.

Renkes has refused to confirm he is investigating Ruedrich, saying it would be illegal to acknowledge the existence of an investigation. Palin said that one of her frustrations is that she cannot even tell the public if there is an investigation.

"I'd like to find a hero in the Legislature who can take on and change that law and make it more sensible," she said.

Palin said it was hard to do her job with potential civil penalties hanging over her head if she talked about what went on at her agency. She said the experience was taking the "oomph" out of her passion for government service and she decided to quit rather than becoming bitter.

Palin is a former mayor of Wasilla. She made an unsuccessful bid for the Republican lieutenant governor nomination in the 2002 election and has been discussed as a possible challenger to U.S. Sen. Lisa Murkowski. Palin said Friday her decision to leave the commission had nothing to do with such matters.

Palin said she has not discounted running against Murkowski but is leaning against it. The Republican Party is backing Murkowski with money and endorsements, she said. Palin said she has no immediate employment plans.

Dan Seamount is now the lone remaining member of the Alaska Oil and Gas Conservation Commission. He said Friday that he was sad to see Palin go but would not comment about the Ruedrich affair.

Gov. Murkowski issued a brief statement in response to her resignation, saying "she has done a fine job" as commissioner. His office is looking for people to fill the two empty seats on the three-person commission.

posted September 17, 2011 02:11 PM              

i have nothing more to say sir.

did you catch the very vocal "let him die" faction at the debate where someone asked who was going to pay for the healthcare of the uninsured the other day? talk about death panels is highly hypocritical in the face of this kind of reasoning.

mandating that all should receive treatment with or without paying pretty much made the "insurance reform act" necessary. yet the mandate that EVERYONE contribute to the healthcare of all is a big thorn while the first mandate is not...

posted September 17, 2011 02:21 PM            

US law REQUIRES people to be treated and NOT be permitted to die without treatment....unless people run afoul of O'Bomber's death panels. Then, unelected, non medical bureaucrats will tell your doctor what kind of treatment you can receive OR if you can be treated at all.

Only the true O'Bomber swilling Kool-Aid drinkers are still drinking the O'Bomber Kool-Aid.

posted September 29, 2011 05:14 PM            

On Monday, during a fundraiser in California, President Obama declared that Europe’s debt problems and their inability to solve them was “scaring the world.” He went on to explain that Europeans “have not fully healed from the crisis back in 2007 and never fully dealt with the challenges that their banking system faced” and that “they’re trying to take responsible actions, but those actions haven’t been quite as quick as they need to be.”

This of course is coming from a President who has done nothing to deal with our own country’s enormous debt crisis and who is in fact eager to incur even more debt with another useless stimulus bill (now called a “jobs bill” though the last stimulus failed to produce the jobs it promised, which is perhaps why Harry Reid doesn’t seem too eager to bring this new bill to a vote despite the President’s demands to “pass this bill”).

Yes, Europe has serious debt problems, but for President Obama to be lecturing our allies about not being “quite as quick” in dealing with a debt crisis is downright hypocritical.

When his all-too-common finger-pointing is directed at Republicans, President Obama’s search for a scapegoat is swallowed as merely the typical Beltway politics of our permanent political class. But pointing fingers at our allies when they are working to get their own financial house in order is counterproductive and can have a serious negative affect on our ability to lead the free world.

One German newspaper denounced the President’s comments as “overbearing, arrogant, and absurd.” Another wrote: “The gloomy state of the economy is putting a damper on Obama’s future prospects. The optimism of the past is gone, replaced by a cheap search for a scapegoat.” And still another wrote: “That’s not how friends talk to each other. That applies particularly to friends who have themselves failed to get a handle on their own, self-made crisis.”

Can we blame them for feeling this way? Keep in mind this was a President who was supposed to make the rest of the world “like” us again.

It’s about time the President showed some leadership and took responsibility rather than campaigning on blaming everyone else for the financial mess his policies have exacerbated.

Between President Obama’s hypocritical lecture poking our allies in the eye again and one Democrat governor’s call to postpone lawfully mandated elections for two years, I suppose nothing should surprise concerned Americans anymore. But that doesn’t mean we have to accept these misguided memes.

2012 can’t come soon enough.

- Sarah Palin

posted September 30, 2011 07:05 PM              

her MO, i must say, is very predictable. she is playing the presidential race the same way..."oh i might, but then i might not" but she certainly didn't leave the governorship to get away from scandal and newsman harrassment and the presidency pays enough to make up for any downtime she may have had, though she has been making plenty meantime.

everybody else is SOOO corrupt but not your gal sal, who brings her baby to meetings just in case anyone has missed that she HEROICALLY decided to have a down syndrome child and qualifies for mother of the year for doing so.

should she ever set foot in washington in an official capacity she too will find an unworkable mess of interconnected deals going back decades.

posted October 11, 2011 11:09 AM            

That's right katatonic. Sarah Palin DID NOT leave her position as Governor of Alaska to get away from "scandal" or the morons in the press....because, THERE WAS NO SCANDAL!

Palin left to prevent the expenditure of Alaska tax payer money to defend against lawsuits which had NO MERIT...and were found by Alaska Courts to HAVE NO MERIT.

posted October 12, 2011 09:55 AM            

one caught my eye on the PF truth-o-meter.

quote:

---

Our most recent check was on whether the price of Slim Jims had shot up from 99 cents to $2.69. We checked with ConAgra, the manufacturer of the beef jerky snack, and found that, while the company sells some related products that are priced at more than $2, that none of the prices on its Slim Jim products had been raised significantly. We rated Palin's statement False.

---

posted October 12, 2011 11:17 AM            

Guess what? Sarah Palin knows more about what products cost then leftists..the majority of whom get their products free...at the expense of America's productive citizens.

Sarah Palin wins...again!

Slim Jim Beef Jerky - Jalapeno
13 Apr, 2008 Author: Steve Johnson

Slim Jim is a well known brand of meat snack, made by a well known producer of foods, Con Agra Foods of Omaha, NE.

I've never been a big fan of Con Agra's brands of beef jerky, including their flagship Pemmican brand. But being that I'm here to review beef jerky, I figured I gotta give each brand an honest review.....

Product Value

I paid $2.70 for a 2.9 ounce bag at a Big Lots store in Murrieta, CA. That works out to $0.93 per ounce, which is in the cheap price ballpark. The bag is actually imprinted with "$3.99" at the top, and if you take that price instead, then it works out to $1.38 per ounce, which puts it in the average price scale, but at the lower end.
http://www.bestbeefjerky.org/2008/04/slim-jim-beef-jerky-jalapeno.htm

Let's see. Sarah Palin says Slim Jims cost $2.69. Actual price at a discounter is....$2.70.

Have your "Truth Meter" chew on that a while!

posted November 02, 2011 03:34 PM            

What would be a real eye opener would be if any Virginia demoscat voters manage to drink this lying swill.

Beware Virginia: Sarah Palin and Her Evil Cabal of Revolutionaries Are Preparing to Take “Total Control” of Your State
November 01 2011
Doug Brady

This is so funny I’m having trouble typing. From Jim Geraghty at the National Review:

The latest mailer from the Democratic party of Virginia here in Yuppie Acres, Alexandria, tells me that if I don’t vote, my state may sudden(ly) be under “total control” of Rick Perry, Ken Cuccinelli, Rush Limbaugh, and Sarah Palin. If only, guys, if only. Notice the nonsensical combination: a governor of another state running as a presidential candidate, the current state attorney general, a radio talk-show host, and a former governor of another state who has announced she’s not running for president. Only one of them even lives in the commonwealth, and he’s already in a powerful state office, so it’s not quite clear why he would be joining the Perry-Limbaugh-Palin insurrection against Bob McDonnell, a governor whom he agrees with much of the time.

Oh, what’s that? I shouldn’t look for logic or coherence in Democratic-party mailings? Yeah, I guess you’re right.
Joe Newby at the Examiner adds his take:

Rush Limbaugh and Sarah Palin apparently live rent-free in the heads of some Democrats.

According to a recent mailer sent out by the Virginia Democratic Party, Rush Limbaugh, Rick Perry, Sarah Palin and Ken Cuccinelli want “total control” of the Commonwealth of Virginia.

“They want total control over Virginia,” the mailer screams, adding, “Vote Tuesday November 8th to stop them!”

The message, although ridiculous, could not be more clear – if Virginia Democrats do not vote this Tuesday, Virginia will be controlled by Rush Limbaugh, Rick Perry, Sarah Palin and Ken Cuccinelli, the current Attorney General of Virginia.
And finally, here’s more from one of Governor Palin’s co-conspirators in the upcoming Virginia coup d’état, Rush Limbaugh:

"The Democrats are running an ad, folks, in Virginia. The Democrat Party in Virginia, Jim Geraghty sent me the ad. I wouldn’t-a known it be with Jim Geraghty at National Review Online. They’ve got a Web ad that says they want total control over Virginia. It’s a picture of four people: Rick Perry, Ken Cuccinelli, me, and Sarah Palin. That’s right. The latest mailer from the Democrat Party in Virginia says that if you don’t vote — if you’re a Democrat, if you don’t vote — Virginia may suddenly be under total control of Rick Perry, Ken Cuccinelli, Rush Limbaugh, Sarah Palin.

To which we say, “If only!” Ha-ha-ha. So here’s the combination, as Geraghty points out: You have a governor of another state running for president, that would be Perry; the current state attorney general, Cuccinelli; the world’s premiere radio talk show host, Rush Limbaugh; and a former governor of another state who announced that she’s not running for president, only one of those people even lives in Virginia, and he’s already in a powerful state office. So it’s not quite clear why he would be joining the Perry, Limbaugh, Palin insurrection against Bob McDonnell, a governor that we agree with much of the time. So, “They want total control of Virginia,” and I’m in the group of four that wants total control of Virginia."

As I said at the outset, this is so funny I’m having trouble typing, much less coming up with a clever comment. So I won’t even try. The Democrat’s bizarre version of reality is funny enough to stand on its own.

posted November 06, 2011 01:11 PM            

Palin opens up about ‘Occupy’ movement, says Obama gives ‘the fat cats’ their ‘cat nip’
11/04/2011
By Steven Nelson

Former Alaska Gov. Sarah Palin told a crowd of Florida Republican donors Thursday that President Barack Obama represents the antithesis of the Occupy Wall Street movement.

“They say, ‘Wall Street fat cats got a bailout so now I want one too,’” Palin said. “And the correct answer is no one is entitled to a bailout.”

Palin said that rather than bailouts, “The American dream — our foundation — is about work ethic and empowerment, not entitlement.”

The Associated Press reports that Palin then launched into an attack on the president, identifying him as a top recipient of Wall Street cash.

“Barack Obama is owned by Wall Street,” she said. “The fat cats, as he calls them, they’re his friends. They’re his pals. That’s where he gets his campaign donations. And he’s very generous about giving these cats their cat nip: bigger returns on their investments in bailouts.”

Palin suggested that the Occupy Wall Street protesters re-direct their anger.

posted February 01, 2012 08:15 AM            

Rational people find it strange that O'Bomber Kool-Aid drinkers believe O'Bomber is the most intelligent president in US history...and perhaps the most intelligent person in the universe; also say they believe Sarah Palin is an empty intellect. The history of the interaction of these 2 make it clear that in an intellectual boxing match O'Bomber gets knocked out in the 1st round.

"Help, I've fallen...and I can't get up!"

How Obama Repaid Notre Dame
Sarah Palin
January 31, 2012

Back in May 2009, during the controversy over Notre Dame’s decision to have President Obama as their commencement speaker and honorary degree recipient, I gave a short statement to the Boston Herald: “My favorite grandpa, Clem James Sheeran, was Catholic. Irish to the core, his favorite place (other than church) was Notre Dame. I can’t imagine what he would think as the university recognizes someone who contradicts the core values of the Catholic faith by promoting an anti-life agenda.”

In his latest Washington Post column, Michael Gerson writes about the Obama administration’s war on Catholic institutions with President Obama's decision to strip conscience protections from Catholic universities, hospitals and charities.

As Gershon points out, the timing of Obama's most recent slap won't go unnoticed by the faithful: "In politics, the timing is often the message. On Jan. 20 — three days before the annual March for Life — the Obama administration announced its final decision that Catholic universities, hospitals and charities will be compelled to pay for health insurance that covers sterilization, contraceptives and abortifacients. Preparing for the march, Catholic students gathered for Mass at Verizon Center. The faithful held vigil at the National Shrine of the Immaculate Conception. Knights of Columbus and bishops arrived to trudge in the cold along the Mall. All came to Washington in time for their mocking.”

And in this we see how the faithful at Notre Dame got snookered and how Obama has shamefully repaid their faith in him:

"Both radicalism and maliciousness are at work in Obama’s decision — an edict delivered with a sneer...

The implications of Obama’s choice will take years to sort through. The immediate impact can be measured on three men:

Consider Catholicism’s most prominent academic leader, the Rev. John Jenkins, president of Notre Dame. Jenkins took a serious risk in sponsoring Obama’s 2009 honorary degree and commencement address — which promised a “sensible” approach to the conscience clause. Jenkins now complains, “This is not the kind of ‘sensible’ approach the president had in mind when he spoke here.” Obama has made Jenkins — and other progressive Catholic allies — look easily duped."

~Sarah Palin