Hit Piece Misses

The day after Scott Walker demonstrated the sheer might of the conservative vote over the power of public unions, media outlets are doing everything they can to find something else to talk about.  For example, Ross Tucker at The Exchange writes “Republicans Bungle the Battle Over Light Bulbs”.  His article is all about how Republicans are preventing Americans from saving money by preventing Democrats from making incandescent light bulbs illegal.  Apparently, the only way Americans know how to buy economically is if the government eliminates all non-economical options as determined by bureaucrats in DC.

In other news, MSNBC tried to say that the Walker win was a great thing for Obama because the exit polls that showed Walker barely surviving also showed Obama winning in Wisconsin.  Of course, Walker didn’t barely survive, but instead creamed his opponent by a 7 point margin.  If you adjust exit polling by the actual results of the election, Romney will have the distinction of being the first Republican President to win Wisconsin since Ronald Reagan.

AP highlighted Elizabeth Warren tweeting about Scott Brown’s no vote the Democrat equal pay bill that would unintentionally make more women unemployable.  I’m not sure why Warren needs an equal pay bill for women; she already got her affirmative action benefits for being a “Cherokee”.

But the best hit piece was a headline from Rick Newman at US News & World Report stating that Mitt Romney’s desire to sell the government owned GM stock would cost taxpayers $15 billion.  Or as his headline put it, “Mitt Romney’s Stance on GM Sale Would Cost Taxpayers Dearly”.  What a headline.

Newman himself reviews the reason we have GM stock in the first place, but can’t seem to make the connection that the losses to taxpayers from GM might actually be Obama’s fault.  When GM was faltering and heading into bankruptcy, instead of selling GM to Italy like he did with Chrysler or allowing them to go through the legal bankruptcy protection process, Obama funneled about $25 billion dollars into GM making the US taxpayer a Wall Street shareholder.  He did the same thing with AIG and Citigroup.

When it comes to playing Wall Street fund manager with our tax dollars, Obama sucks. I wonder what Occupy Wall Street thinks about our Wall Street fund manager-in-chief?

When GM re-emerged on the market at $35 a share, Obama did not cut our losses and sell.  Instead he held on to GM with our tax dollars.  GM has now dropped to $21 a share according to Newman’s article.  Newman admits that GM would have to reach $52 a share in order for taxpayers to recover the original money Obama invested in GM.

The premise of Newman’s article is that we don’t need any of our money back and can wait to see if GM makes it back to $52 a share.  Of course, at this point GM would have to more than double in value.  Newman thinks this could happen by the end of 2013.  I’d like to know what he is smoking and where I can get some.

Large cap stocks rarely double in a year.  Large cap stocks freshly out of bankruptcy with 60% of their common stock shares owned by a government who is just itching to sell may never double in price. Romney is wise to cut our losses.

By Newman’s own math, Obama cost taxpayers $8.7 billion by not selling when GM peaked at $39.

Newman was trying to use fuzzy math to make Romney the bad guy for cleaning up the President’s taxpayer funded investment.  Instead, he unintentionally presents a clear indictment of one more foolish Wall Street fund manager: Barack Obama.

Who Wants Palin To Run?

The TEA party loves Sarah Palin.  She can still draw a crowd, and undoubtedly has been instrumental in driving voters to the polls in Republican primaries.  As a result, conservative TEA party Republicans fill races across this country.  Her success continues to fuel talk of a Presidential run among…the leftwing media?

The most recent news outlet to run major speculation on Palin’s Presidential bid is US News and World Report, who took her recent meeting with Republican leaders at the conservative Newsmax.com as a sure sign that she will run.  Along with the story, they ran two slideshows.  One was 10 reasons Palin would be a good President, the other was 10 reasons she would be a bad President.  They are already framing the talking points for us.

Newsmax.com on the other hand ran a story about the meeting headlined: Palin Warns of ‘Armageddon’, ‘Third World War’ In Exclusive Newsmax Broadcast. While many conservatives might agree with her premise, when Palin says the word Armageddon most know she is not speaking figuratively.  It is not exactly the sort of headline a Presidential candidate might have hoped for, especially when the Armageddon reference was only a portion of what she spoke about and was in reference to Iran getting a nuclear weapon.

Palin did speak at length about a Presidential bid and what her Presidency would look like.  So why is US News the excited media outlet here?  It may be that Democrats are counting on a Palin Presidential run, and most conservatives don’t really want it.  Democrats and establishment Republicans have constantly underestimated TEA party candidates, and Dems have seen them as easy targets.  In a year that Obama and his Congress have nothing positive to run on, Obama made a special trip to Delaware, where Christine O’Donnell trails by double digits just to take a few shots at her.  Yes Mr. President, we all acknowledge that you are big and bad compared to O’Donnell, now get back to work.

On the other hand, when Sarah Palin, a devout Protestant Christian, was contending for the Family Research Council’s straw poll at their Values Voter Summit, she did not do well.  FRC is a Protestant, conservative, family values organization.  She should have come in second or third easily.  Instead, she came in fifth behind a Mormon and a divorced and remarried Catholic.

Palin will most likely run, and she will draw crowds with tens of thousands of people.  Out of those crowds, thousands will likely vote for her in the primary.  At this point, I do not see her taking the nomination.

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