The president’s most famous business supporters face financial losses, scandals.
A slew of left-wing business moguls are on the skids thanks to poor investment decisions, questionable judgment, and accusations of bribery and cronyism.
Warren Buffett has lent his star power and his surname to President Barack Obama’s push for higher taxes, but his firm and its shareholders have not fared well during the Obama administration. Berkshire Hathaway has underperformed the Standard & Poor’s 500 Index by an average of eight percent over the past three years.
Buffett is not the only famous presidential supporter to fall from business grace.
Television titan Oprah Winfrey appears to have lost the golden touch that helped make her the richest self-made women in America and propelled Barack Obama from up-and-coming Illinois senator to the nation’s first black president.
Bloomberg News reported earlier this month that the Oprah Winfrey Network (OWN) may have lost as much as $330 million since its launch due to poor ratings and lackluster demand.
Winfrey may be the most famous loser among Obama’s backers at the moment, but she is not the biggest.
Hedge-fund billionaire Philip Falcone has driven telecommunications company LightSquared into Chapter 11 bankruptcy. The Federal Communications Commission in February revoked its conditional approval of the LightSquared’s broadband wireless network project due to projected interference with GPS technology used by the military.
Shouldn’t be surprising: Socialism is bad for business.
Atlas Shrugs: Treason: Obama outs Al Qaeda infiltrator for Election Gain:
Treason. Plain and simple. Can we hope a special prosecutor will be named to investigate the White House? I am sure that Patrick Fitzgerald, the Valerie Plame special prosecutor, has little to do these days.
How apathetic are the American people to suffer so contemptible and traitorous an administration with so little outrage?
BOMBSHELL: Al-Qaeda Infiltrator was Working for Brits not CIA, Cover Blown for Election Year Politics PJM.
LifeNews: Catholic Bishops May Sue Obama Admin Over HHS Mandate:
The nation’s Catholic bishops warned yesterday that they may consider filing suit against the mandate the Obama administration put in place that forces pro-life and religious groups to pay for birth control and abortion-causing drugs for their employees.
“[F]orcing individual and institutional stakeholders to sponsor and subsidize an otherwise widely available product over their religious and moral objections serves no legitimate, let alone compelling, government interest,” attorneys for the U.S. Conference of Catholic Bishops wrote in a letter to the Obama administration. “Absent prompt congressional attention to this infringement on fundamental civil liberties, we believe the only remaining recourse … is in the courts.”
“We believe that this mandate is unjust and unlawful – it is bad health policy, and because it entails an element of government coercion against conscience, it creates a religious freedom problem,” wrote Anthony Picarello, USCCB associate general secretary and general counsel, and Michael Moses, associate general counsel. “These moral and legal problems are compounded by an extremely narrow exemption that intrusively and unlawfully carves up the religious community into those that are deemed ‘religious enough’ for an exemption, and those that are not.”
Time to call your Senators…
Noisy Room: MARITIME ATTACK: Law of the Sea Treaty in US Senate for Approval:
The U.S. Senate Committee on Foreign Affairs is once again diddling with the ultra-massive U.S. sovereignty and communitarian wealth giveaways known as the United Nations Convention on the Law of the Sea Treaty (UNCLOS or LOST). Whenever one sees “communitarian,” one may think “global communist.”
Neo-Marxist Saboteur Barack Obama‘s State and Defense Departments (including numerous compromised, NATO-head officers) are pressuring the Senate to adopt this travesty after years of resistance dating back to Ronald Reagan’s presidency. If the committee goes forward with it, they could choose either of two paths: 1. the honorable and traditional congressional method of holding hearings, or 2. “fast-track” it, in order to slip voting through with as little light of day or time for the People to react, as possible.
The Senate is still Harry Reid’s crypto-Marxist Senate, and this committee’s chairman is John Kerry, so LOST may pop up for a vote like a rapist plunging from behind the bushes in the dark, within the next few days.
Recent and upcoming reports may be found at Heritage.org: “heritageaction.com/tag/law-of-the-sea-treaty.” Gulag Bound will also continue to monitor: “gulagbound.com/tag/un-convention-on-the-law-of-the-sea-unclos-or-lost.”
For other sources, see in Investors.com, “Obama Seeks Sovereignty Surrender Via LOST Treaty,” May 8, 2012; in U.S. News & World Report, “Kill the Law of the Sea Treaty,” May 10; and at Breitbart, Daily Caller, or American Thinker, “American Sovereignty: LOST at Sea?” by Ken Blackwell and Bob Morrison, May 14.
Perhaps the most thorough of the most recent articles is found at Liberty News Online, “The Creature from the Ocean’s Floor – the Law of the Sea Treaty,” by John W. Wallace, May 15.
See also: Dick Morris: Third World Ripoff Of Offshore Royalties: Screwed!
Signed in the 70s as part of the “New International Economic Order” heralded by the United Nations and described, accurately by Forbes, as a scheme to “take money from productive First World countries and give it to authoritarian Third World dictatorships.”
Reagan, Bush, Clinton, and Bush refused to send it to the Senate for ratification, but Obama is pushing it, hoping to jam it through the Democratic Senate.
The Treaty requires the United States to pay to an International Seabed Authority half of its oil and gas royalties from wells beyond the 200 mile continental shelf. The Authority would distribute these revenues as it saw fit – with the U.S. casting only 1 of 160 votes in making the decision. Estimates of the total amount of revenue we will forfeit run to the hundreds of billions. Who needs foreign aid?
This is one of my favorite stories of the week….
John Nolte, Big Journalism: Chris Matthews Is Dumb:
Chris Matthews just isn’t a very bright guy. A decade ago, he at least used to ask interesting questions, but once he was struck with Bush and Palin Derangement Syndrome, he’s become a laughingstock in his quest to carry the left’s water, especially Obama’s.
Not only is Chris Matthews dumb enough to get a leg tingle from President Obama’s dull, pedantic speeches, he’s dumb enough to admit to to those tingles on television.
As if to reinforce my father’s opinion of him, after relentlessly mocking how well Governor Sarah Palin would hypothetically do on “Jeopardy,” Matthews made a king-size fool of himself in reality .
Picture of an idiot in action
Make sure you’re sitting down for this next one….
Stars and Stripes: Officials: Nearly $2 million in guns, combat gear sold to gangs:
A wide-reaching investigation by military and civilian authorities has uncovered a criminal conspiracy within the Armed Forces to steal and sell nearly $2 million in guns and combat gear to gangs in the U.S. and foreign countries including China, military officials have confirmed.
The probe began more than a year and a half ago when agents with the Naval Criminal Investigative Service began to conduct undercover operations to disrupt and reduce the theft, transfer, sale and possession of stolen U.S. Government property. With the aid of Marine and Naval authorities, NCIS has recovered $1.8 million in stolen guns and combat gear to include assault rifles, night-vision goggles, flashlights and other items, military officials said.
Those involved are accused of stealing, over-ordering or otherwise obtaining equipment and selling guns locally and other gear over the Internet to people in foreign countries including China and Russia, officials said.
Jill Stanik Illinois Review: Klein got it wrong in book about Obama and Illinois’ Born Alive Act:
Edward Klein’s unauthorized biography of Barack Obama, The Amateur, was released yesterday.
While I appreciate that Klein devoted a chapter of his book, albeit only three pages, to Obama’s opposition as state senator to the Illinois Born Alive Infant Protection Act, he got it pretty much all wrong.
TFP Student Action: Talk about bullying: Pro-homosexual teacher bullies Catholic student:
The latest video released by the Marriage Anti-Defamation Alliance reports how Daniel Glowacki, a 16-year-old junior at Howell High School in Michigan, was persecuted for refusing to go along with the homosexual agenda in class.
Daniel’s economics teacher, Jay McDowell, queried his students about their position regarding homosexuality. As a Catholic, Daniel responded that he followed Church teaching on the issue.
According to the interview, the pro-homosexual teacher had a fit. “He said we lost our right to free speech when we stepped inside his classroom,” said Daniel Glowacki. “I’ve never really been yelled at by a teacher like that before, so when he started yelling at me, I was just kind of in shock.”
The Thomas More Law Center is representing the boy in a lawsuit against the local school district and the offending teacher.
The Right Scoop: James O’Keefe exposes voter fraud in North Carolina:
From dead people to non-citizens voting, O’Keefe and his crew once again expose non-existent voter fraud and why we desperately need voter-ID. But they don’t just stop there. They also interview UNC officials who don’t seem to care about voter fraud and even one election judge who says that even though he swore to uphold the Constitution, he really only wants to uphold parts of it.
Watch at the link….
Big Government: Google Shuts Down Another Conservative Blog: KSM Trial Edition:
This past Sunday morning, I took to my blog, The New York Conservative, to opine on the trial of Khalid Sheikh Mohammed (“KSM”) and his fellow terrorists. The full text of the post is available further below.
The New York Conservative was a blog hosted by Google Blogger. I started the blog in February of this year and had posted 17 columns prior to the KSM entry, commenting on political matters and issues affecting the Catholic Church. I would post my entries on Facebook and occasionally would email a link to friends or other interested parties. I received no complaints about the blog whatsoever.
On Monday, the pro-U.S. security group Secure American Now posted a link to my KSM piece on its website. The link received numerous hits and generated multiple comments on the Secure America Now page.
However, a few hours after Secure America Now linked to the New York Conservative, I received a form email, no reply possible, from Google Blogger informing me that the New York Conservative had been deleted. The email classified my blog as “spam” in violation of Google’s terms of service. There was no further explanation. My URL was dead; all of the content, everything I ever posted, was gone.
(Video)The Daily Rushbo: Limbaugh On Zimmerman Broken Nose Evidence: Welcome To The Duke Lacrosse Case All Over Again:
Rush: George Zimmerman is a heck of a lot more Black than Elizabeth Warren is Indian… And I’d almost have to say “If Obama had another Son he would look a hell of a lot like George Zimmerman.
Jim Geraghty:New Ad Reminds Voters Corzine Is Still Raising Money for Obama:
This ad from the AmericanFutureFund hitting President Obama for his ties to disgraced former New Jersey Gov. Jon Corzine, already has more than 214,000 views on YouTube in just two days.
The Cardinal Newman Society, Georgetown Scandal:
From the CNS President, Patrick J. Reilly: NOW is the time to sign the petition at GeorgetownScandal.com, and help swell our ranks to send a clear message to Georgetown! The heat is on Georgetown to cancel its invitation to HHS Secretary Kathleen Sebelius. Thanks to YOU, we discovered this scandal and raised the alarm, thousands have signed our petition, and other groups have joined in the effort.
Jeffrey Lord, The American Spectator: The Obama Thugocracy:
“We’re playing with water guns, they’re playing with Scuds…. These people are terrorists…. There is a war. If we treat it as less than a war we will lose it.”
—MSCO CEO Mark Stevens to Heritage Foundation on fighting the Left
Mark Stevens and Frank VanderSloot.
Stevens is the Rush Limbaugh sponsor whose company and personal safety were threatened because he refused to buckle to the far-left haters in the Sandra Fluke affair. He is speaking out again. And he pulls no punches.
But before we get to Mark Stevens and the enthusiastically received, sensational talk he gave at the Heritage Foundation’s 35th Annual Resource Bank conference in Colorado, let’s talk about Frank VanderSloot.
Because what Mark Stevens is discussing — the rise of “domestic terrorism” associated with the Obama left — and the recent investigation of Romney contributor VanderSloot by a company called Fusion GPS are most assuredly part and parcel of the same issue.
Here is Mr. VanderSloot just last night on The O’Reilly Factor discussing what has been happening to him — correction — is happening to him.
Who paid Glenn Simpson’s Fusion GPS to investigate Romney contributor Frank VanderSloot?
Now there’s a question for congressional investigators.
While the dirt sought on VanderSloot by Fusion investigator Michael Wolf was public — as revealed in this superb reporting by the Wall Street Journal‘s Kim Strassel — (divorce records, a case involving a dispute with an ex-employee) Strassel has it exactly right when she terms this “trolling for dirt.”