Jamesb101.com

commentary on Politics and a little bit of everything else

GMAC is back for another government cash injection……

The once giant auto maker is in talks with the Treasury Department for another loan of $2.8 to $5.6 billion dollars in stock…….The government would increase it’s holdings in the company from its current 35.4%…….

……..Here’s more from Charles Lemos over at mydd.com…….

The willingness by Treasury officials to deepen taxpayer exposure to GMAC reflects the troubled company’s importance to the revival of the auto industry. Founded in 1919, GMAC has $181 billion in assets and is a major financier for 15 million borrowers and thousands of General Motors and Chrysler car dealerships in the U.S.

The new capital would help firm up GMAC’s balance sheet and solidify its auto-loan business. GMAC provides the vast majority of wholesale financing for GM dealerships across the country, meaning scores of local distributors would be unable to bring new vehicles onto their lots if GMAC were to collapse.

Federal officials also are moving to shore up GMAC’s ability to fund its daily operations, with the Federal Deposit Insurance Corp. telling the company Tuesday the agency will guarantee an additional $2.9 billion in debt, according to people familiar with the discussions. The FDIC guarantee will make it easier for the company to sell debt to investors. The FDIC backed $4.5 billion in GMAC-issued debt earlier this year.

 

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October 28, 2009 Posted by | Politics, The Economy | , , , , , | Leave a comment

Washington D.C. voting rights held hostage by NRA stance on local Gun law……

The people of the nations capital have been trying to get right to vote (The Districts House member, Eleanor Holmes Norton, does not actually have the right to cast a vote in Congress) for a long time……they thought they might get there  with a tack on to the current Defense Spending bill being reconciled by the House and the Senate right now…..But that’s not gonna happen….Why?

It seems that nobody up on the Hill is gonna have the NRA mad at them…..The folks in DC had in place a restrictive gun law for its citizen since 1976…some one sued against it and the issue ended up going to the Supreme Court last year, which ruled that people have right to own arms….but ……”…the justices in the majority “are aware of the problem of handgun violence in this country” and believe the Constitution “leaves the District of Columbia a variety of tools for combating that problem, including some measures regulating handguns.”

So the District still has the ability to regulate gun ownership……something the NRA is against..

The whole issue is toxic…national democrats won’t touch it remembering how the NRA was able to muster votes against Al Gore in key state in his run for president……

So….The District’s right to vote remains held hostage to the NRA……..

October 28, 2009 Posted by | Politics | , , , , , , | 3 Comments

Iran will respond to the delayed nuclear deal, this week……..

Sure……let’s see………are they still asking for more changes?……tick….tick…tick…..

October 28, 2009 Posted by | Military, Politics | , , , , , , | Leave a comment

Afghanistan is not Iraq……General Patreaus's strategy dropped……….

General Patreaus’s counterinsurgency strategy of sending the troops out to the boonies to meld with the population, and take the fight to the enemy was successful in Iraq, combined with the ‘surge’……but not so in Afghanistan ( several local bases have been overrun, with casualties ). And so, the White House, seeing headlines of these situations, and the causality reports (which are very sensitive to the US media) , has decided that instead of bolstering up that policy… they will begin to go to the century’s old ‘castle and protect the population one’…….

It has become evident that the President ( echo’s of Viet Nam?) really has no choice but to increase the troop level in the country. McChrystal has been successful in pushing the Pentagon, and the White House in that direction……but the Commander-in-Chief…ever the organizer and compromiser (and politician ) seems to be moving towards a middle ground between Vice President Biden’s call for a smaller footprint and an aggressive ‘hunter killer’ units in the bushes strategy, and McChrstal’s original do the ‘whole 9 yards’ scenario……..

Wel….after all……Patreaus was Bush’s favorite…wasn’t he?

October 28, 2009 Posted by | Military, Politics | , , , , , , , , , , , | 5 Comments

Afghanistan is not Iraq……General Patreaus’s strategy dropped……….

General Patreaus’s counterinsurgency strategy of sending the troops out to the boonies to meld with the population, and take the fight to the enemy was successful in Iraq, combined with the ‘surge’……but not so in Afghanistan ( several local bases have been overrun, with casualties ). And so, the White House, seeing headlines of these situations, and the causality reports (which are very sensitive to the US media) , has decided that instead of bolstering up that policy… they will begin to go to the century’s old ‘castle and protect the population one’…….

It has become evident that the President ( echo’s of Viet Nam?) really has no choice but to increase the troop level in the country. McChrystal has been successful in pushing the Pentagon, and the White House in that direction……but the Commander-in-Chief…ever the organizer and compromiser (and politician ) seems to be moving towards a middle ground between Vice President Biden’s call for a smaller footprint and an aggressive ‘hunter killer’ units in the bushes strategy, and McChrstal’s original do the ‘whole 9 yards’ scenario……..

Wel….after all……Patreaus was Bush’s favorite…wasn’t he?

October 28, 2009 Posted by | Military, Politics | , , , , , , , , , , , | 5 Comments

'Hot (cheescake) Morman Muffins'?

No …I’m not kidding…….last year they did a ‘Men on a Mission ‘…it’s actually a three year thing….designed by a Las Vegas businessman named Chad Hardy, who got his ticket pulled by the church of The Church of Jesus Christ of Later Day Saints and had his diploma yanked from Brigham Young University…… the guy wanted to open up the church’s image…the pictures for the calenders didn’t sit to well with the elder’s………who let him know it……..

Note: one of the model’s said she had doing the shot…and it really wasn’t a big deal…..all of the model’s are in fact Morman’s…

October 28, 2009 Posted by | Entertainment, Media, Religion | , , , , , | Leave a comment

‘Hot (cheescake) Morman Muffins’?

No …I’m not kidding…….last year they did a ‘Men on a Mission ‘…it’s actually a three year thing….designed by a Las Vegas businessman named Chad Hardy, who got his ticket pulled by the church of The Church of Jesus Christ of Later Day Saints and had his diploma yanked from Brigham Young University…… the guy wanted to open up the church’s image…the pictures for the calenders didn’t sit to well with the elder’s………who let him know it……..

Note: one of the model’s said she had doing the shot…and it really wasn’t a big deal…..all of the model’s are in fact Morman’s…

October 28, 2009 Posted by | Entertainment, Media, Religion | , , , , , | Leave a comment