VLEMX "keep informed"

The White House today endorsed the Marketplace Fairness Act, which would be a tax hike for purchases made over the Internet. The White House claims the tax would "level playing field for local retailers." "The Administration strongly supports S. 743, which will level the playing field for local small business retailers that are in competition every day with large out-of-state online companies," reads the Obama administration's statement on the policy. Although States presently have the authority to tax the sale of goods or services sold from out-of-state vendors, they are prevented under current law from requiring the collection of such duly-enacted taxes. As a consequence, while local small business retailers follow the law and collect sales taxes from customers who make purchases in their stores, many big business online and catalog retailers do not collect the same taxes. Because these out-of-state companies are able to play by a different set of rules, t...

If George W. Bush or any other American president had made a comment like this.  What do you think the media and American people would have said? "If I had a son, he'd look like Trayvon," Obama said, "I think [Trayvon's parents] are right to expect that all of us as Americans are going to take this with the seriousness it deserves, and we are going to get to the bottom of exactly what happened." "Obviously, this is a tragedy," he said. "I can only imagine what these parents are going through, and when I think about this boy, I think about my own kids, and I think every parent in America should be able to understand why it is absolutely imperative that we investigate every aspect of this, and that everybody pulls together -- federal, state and local -- to figure out exactly how this tragedy happened."

A CIA team in a nearby house watched the Bin Laden compound for months before the SEALs moved in. They fitted their rented safe house with mirrored glass so they could spy on the suspects without being seen. The spies used long-lens cameras, infrared imaging equipment and hi-tech bugs to try to prove Bin Laden was hiding in the house. They also used satellite radar to check for escape tunnels from the compound. The CIA team had several sightings of a tall man striding through the courtyard of the compound. They were never able to confirm that the man they dubbed "The Pacer" was Bin Laden. But Obama gave the go-ahead for the raid anyway, in a decision aides said was one of the bravest a US president had ever made. As they worked, the CIA agents had to make sure they were not spotted - either by the terrorists or the Pakistani authorities. The fact they were able to work without being seen is yet another embarrassment for the security services in Pakistan. They are already fac...

The photograph showed the son, but my eye gravitated toward the mother. That first glimpse was surprising — the stout, pale-skinned woman in sturdy sandals, standing squarely a half-step ahead of the lithe, darker-skinned figure to her left. His elas­tic-band body bespoke discipline, even asceticism. Her form was well padded, territory ceded long ago to the pleasures of appetite and the forces of anatomical destiny. He had the studied casualness of a catalog model, in khakis, at home in the viewfinder. She met the camera head-on, dressed in hand-loomed textile dyed indigo, a silver earring half-hidden in the cascading curtain of her dark hair. She carried her chin a few degrees higher than most. His right hand rested on her shoulder, lightly. The photograph, taken on a Manhattan rooftop in August 1987 and e-mailed to me 20 years later, was a revelation and a puzzle. The man was Barack Obama at 26, the community organizer from Chicago on a visit to New York. The woman was ...

Barack Obama made George Bush the target of his 2008 campaign. He blasted President Bush repeatedly for the “ failed policies of the last 8 years. ” He said it was a defining moment in this nation’s history and his policies would bring the country more prosperity and employment. He lied. Now we know the truth. Not only were more jobs lost after the 9-11 attacks in 2001 than in the 2008 market crash, but more jobs were created by President Bush’s pro-business policies and tax cuts than by the Obama-Pelosi “spend your way to hell” Keynesian failure . The Foundry reported, via HotAir : For objective observers the failure of President Obama’s $862 billion stimulus has become increasingly difficult to deny. But not for the White House. Last week, Vice President Joe Biden told Charlie Rose on PBS that the stimulus was  “an absolute success.” Betraying a common perception about unemployment, Biden  told Rose: “[W]e lost 8 million brand new jobs … s...

"I watched it once but I really I couldn't actually finish the show. I was not entertained."

The Jenner and Block report on Lehman just keeps on giving. Today I am going to focus on FRBNY's culpability in the apparent Lehman fraud - that is, the role that FRBNY (and thus Tim Geithner) played in keeping an insolvent institution afloat through the use of fraudulent artifices. We must look first to what the PDCF, or "primary dealer credit facility" was created to be. The report does this for us: Under the PDCF, the FRBNY would make collateralized loans to broker ‐ dealers, such as LBI, and in effect, act as a repo counterparty. Unlike a typical counterparty, though, with the creation of the PDCF, the FRBNY was generally understood by market participants to be the “lender of last resort to the broker ‐ dealers.” 5332 Reflecting the fact that broker ‐ dealer liquidity had become increasingly dependent on overnight repos to obtain short ‐ term secured financing, 5333 the PDCF was structured as an overnight facility. Pursuant to the F...

Those of you that read and follow my perspective on current events will understand what I am about to say. If you don’t agree with the following or do agree please let me know. I believe that what happened at Fort Hood can be blamed on this administration, in part, because of all of this political correctness crap. What kind of military do we have now and society do we have that promotes and permits anti-American activities to be the norm? This is a direct result of “political correctness” that is pushed on all segments of our society.

While it is true that a lot of presidents spoke at separate schools and school rooms , this is the first time that a president will speak to all the schools at the same time. As it is no surprise that I am not an Obama supporter by the same token I think or I believe that we should support president Obama and not shut him out from speaking to our school age children. After all present Obama is our president he is the President of the United States. I like every American, does not want anything to happen to this president. I like every American wishes of this president the best. I like every American recognizes something were to happen to this president all hell would break loose in our society. Therefore it is imperative that nothing happens to our president and he is respected for being our president. I cannot agree however with all of this a bailout and so on I cannot agree with this president blessings on Ramadan a Muslim holiday and covering Jesus during a visit to a church. I cann...

How come U.S. intelligence did not detect the Iranian revolt?