Sunday, July 31, 2011

OBAMA'S EXCLUSIVE GEORGE SOROS WAIVERS - The Culture of Corruption BY MICHELLE MALKIN

OBAMA’S CULTURE OF CORRUPTION – SPEEDING THE DEMISE OF A NATION AND CALLING IT “CHANGE”

JULY 31, 2011

Obama's Exclusive George Soros Waivers
By Michelle Malkin
7/29/2011

"Millionaires and billionaires," President Obama says derisively, must make more "sacrifices" and live by the same rules the rest of America lives by. But there are seven little words that will never appear on the White House teleprompter: "And that means you, too, George Soros."
For all his (and his wife's) bashing of greedy Wall Street hedge-fund managers, Obama has shown nothing but love to the world's most famous hedge-fund mogul. The feeling is mutual and deep(-pocketed).
Soros and his family shelled out $250,000 for Obama's inauguration, $60,000 in direct campaign contributions and untold millions more to liberal activist groups pushing the White House agenda. While the class warrior-in-chief assails conniving financiers who exploit loopholes and corporate titans who imperil the planet, he lets the Soros exemptions to his attack-the-rich rules slide like butter on a hot plate.
This week, for example, Soros announced he was "quitting" the hedge-fund industry. The headlines emphasized his decision to return about $750 million to outside investors (a drop in his $30 billion bucket of personal wealth). He's reconstituting the business that landed him on Forbes magazine's "wealthiest people" list as a "family" interest. But the move has "self-serving politics" written all over it.
Over the past year, Soros provided coveted support for Obama and the Democrats' Byzantine financial "reforms" under the sweeping Dodd-Frank law. He preached to financial publications around the world about the need for increased regulatory controls over his industry. And in November 2008, while paying obligatory lip service to concerns about going too far, he submitted a statement to the House Committee on Oversight and Government Reform that recommended: "The entire regulatory framework needs to be reconsidered, and hedge funds need to be regulated within that framework."
Frameworks for thee, but not for he, however.
Under Title IV of Dodd-Frank, hedge funds were required to abide by new registration and reporting requirements in an attempt to better police systemic risk (not that the feckless Securities and Exchange Commission has ever been able to fulfill that mission). To evade the regulations, Soros and other firms have used a recently passed rule allowing so-called family offices to shield themselves from both registration and disclosure rules that would have subjected Soros Inc. to a new "Financial Stability Oversight Council."
Somehow, in touting its one-year anniversary last week, there was nary a peep about the myriad loopholes and de facto waivers being granted to Obama's powerful benefactors whose names start with "S" and end in "-oros."
GOP Sen. Richard Shelby of Alabama called Soros' hypocrisy out, telling Reuters this week: "It appears that Mr. Soros talked up financial reform only to sell it short. Don't be surprised to see his fellow Wall Street financiers follow suit."
This comes on top of the Obama administration's $2 billion offering in 2009 to Brazilian state-owned offshore oil-drilling company Petrobras -- in which Soros and his management company own an $811 million stake.
Offshore drilling for they, but not for the rest of the USA. Membership in the self-exempting progressive billionaires' club has its privileges.
Michelle Malkin
Michelle Malkin is the author of "Culture of Corruption: Obama and his Team of Tax Cheats, Crooks & Cronies" (Regnery 2010).
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ARE AMAZED AT HOW UTTERLY BRAZEN THESE CORPORATE OWNED POLITICIANS ARE?
GET THIS BOOK!
Culture of Corruption: Obama and His Team of Tax Cheats, Crooks, and Cronies
by Michelle Malkin
Editorial Reviews
In her shocking new book, Malkin digs deep into the records of President Obama's staff, revealing corrupt dealings, questionable pasts, and abuses of power throughout his administration.
From the Inside Flap
The era of hope and change is dead....and it only took six months in office to kill it.
Never has an administration taken office with more inflated expectations of turning Washington around. Never have a media-anointed American Idol and his entourage fallen so fast and hard. In her latest investigative tour de force, New York Times bestselling author Michelle Malkin delivers a powerful, damning, and comprehensive indictment of the culture of corruption that surrounds Team Obama's brazen tax evaders, Wall Street cronies, petty crooks, slum lords, and business-as-usual influence peddlers. In Culture of Corruption, Malkin reveals:
* Why nepotism beneficiaries First Lady Michelle Obama and Vice President Joe Biden are Team Obama's biggest liberal hypocrites--bashing the corporate world and influence-peddling industries from which they and their relatives have benefited mightily
* What secrets the ethics-deficient members of Obama's cabinet--including Hillary Clinton--are trying to hide
* Why the Obama White House has more power-hungry, unaccountable "czars" than any other administration
* How Team Obama's first one hundred days of appointments became a litany of embarrassments as would-be appointee after would-be appointee was exposed as a tax cheat or had to withdraw for other reasons
* How Obama's old ACORN and union cronies have squandered millions of taxpayer dollars and dues money to enrich themselves and expand their power
* How Obama's Wall Street money men and corporate lobbyists are ruining the economy and helping their friends In Culture of Corruption, Michelle Malkin lays bare the Obama administration's seamy underside that the liberal media would rather keep hidden.


Product Details
• Hardcover: 376 pages
• Publisher: Regnery Publishing (July 27, 2009)
• Language: English
• ISBN-10: 1596981091
• ISBN-13: 978-1596981096
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http://mexicanoccupation.blogspot.com/2011/07/obamanomics-wall-st-profits-soar-so.html


WALL ST PROFIT SOAR! SO DOES FORECLOSURES, UNEMPLOYMENT, POVERTY FOR AMERICANS… AND ILLEGALS OVER OUR BORDERS!

ONE WAY OBAMA SERVICES HIS CORPORATE PAYMASTERS IS TO ASSURE THEM THAT HE WILL SABOTAGE E-VERIFY, HOLD OUR BORDERS OPEN FOR HORDES OF ILLEGALS HEADED FOR OUR JOBS, AND CONTINUE NON-ENFORCEMENT OF LAW PROHIBITING THE EMPLOYMENT OF ILLEGALS. IN FACT, OBAMA’S SEC. of LABOR IS A LA RAZA SUPREMACIST HILDA SOLIS WORKING FOR ILLEGALS, MEXICANS THAT IS.
THERE IS A REASON WHY OBAMA, THE LA RAZA DEMS, MEXICO AND THE U. S. CHAMBER of COMMERCE WANT OPEN BORDERS…it’s all about keeping wages DEPRESSED!
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As dozens of major corporations announced increased second-quarter profits this week, the US working class was hit with a disastrous new round of mass layoffs.

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Profits soar amid mass layoffs
By Andre Damon
23 July 2011
As dozens of major corporations announced increased second-quarter profits this week, the US working class was hit with a disastrous new round of mass layoffs.
On Monday, book seller Borders announced that it would liquidate all of its stores, laying off 10,700 workers. That same day, Cisco, the telecom equipment maker, said it would cut its workforce by 11,500. Within 24 hours, Lockheed Martin, the aerospace company, announced that it would eliminate 6,500 jobs.
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