Virginia Right!

The recent Swedish elections did not register on my radar this time.  I tend to skeptical of governance and elections in Scandinavia as socialists tend to dominate.  However, my excitement grew as I read this Spectator (UK) article on how the conservatives won reelection: This week Fredrik Reinfeldt, a bald and deeply dull 45-year-old who [...]

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(Washington, D.C.) Today, U.S. Representative Michele Bachmann voted against the Dodd-Frank conference report on financial regulatory reform that perpetuates bailouts and the “too big to fail” mind set. She released the following statement after final passage of the bill in the House: “Clearly, reforms need to be made to our financial regulatory system, but unfortunately the bill the [...]

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It took three test votes for Senate Democrats to realize that the Republican demand to end taxpayer bailouts in the banking reform bill were mandatory if the bill was to reach the floor for debate. The bill by Senator Chris Dodd (D-Ct) contained loopholes that would continue to force taxpayers to foot the bill for irresponsible actions by banks that lead to failure.

The three test votes, in essence a vote for a Republican filibuster, managed to buy time for Senator Shelby (R-Al) to negotiate an end to the bailouts and the notion that some banks are too big to fail.

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Virginia Right! Editor Tom White was published in The American Thinker today and The Examiner yesterday. While the article appearing in the American Thinker is on a per submission basis, the article in the Examiner was the first of what will be regularly appearing columns on politics.

Virginia Right! blog will continue with Tom White and Elwood “Sandy” Sanders continuing to write as usual.

In the American Thinker, Tom White wrote the article: Obama’s Greatest Deficit is Wisdom

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Speaking on the Senate floor this morning, Republican Leader Mitch McConnell said, “Two things have become increasingly clear over the past week in the debate about the need to protect taxpayers from the mistakes of Wall Street. One, both parties are united in the need to take action. And two, the bill our colleagues across the aisle are insisting on as the remedy is seriously flawed.”

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Jobs destroyed and benefits lost because of Obama.

From Fox News:

Sallie Mae has been outspoken in its opposition to the plan, calling it a “government takeover” just last month

Powerhouse student loan provider Sallie Mae says layoffs are imminent as a result of President Obama’s new student loan overhaul.

“This legislation will force Sallie Mae to reduce our 8,600-person workforce by 2,500,” Conwey Casillas, Vice President of Sallie Mae Public Affairs, said in a statement to Fox News.

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What a nose dive President Obama caused with his attack on the Nation’s financial institutions. The tailspin seems to be in retaliation for losing the “Kennedy” seat. Anyone with half a brain knows that an attack on the financial industry, the very group that will spearhead the recovery when Obama finally releases his grip on their throats, is an unwise move.

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