Friday
Aug062010
Ratigan & Sen. Coburn On Deficit Hypocrisy: Thank You Magic Money Tree (Awesome Clip)
Video: Dylan Ratigan with Senator Tom Coburn -- Aired July 28, 2010
Ratigan's 1-minute intro is outstanding. More solid debt and defict theater. Coburn is the lead sponsor of new earmark transparency legislation.
- "We need a whole new class of leadership in this country."
Aug 6, 2010 at 2:20 PM
Reader Comments (10)
CLICK TO READ MORE…IF YOU DARE…
ANOTHER BROKEN CAMPAIGN PROMISE…
Obama Inagural Congress Speech February 24, 2009
http://www.youtube.com/watch?v=j1qeF2WsOHg
GO TO 7:36 FOR THE FOLLOWING…
In Obama’s own words…
”Finally, because we’re also suffering from a deficit of trust, I am committed to restoring a sense of honesty and accountability to our budget. That is why this budget looks ahead ten years and accounts for spending that was left out under the old rules – and for the first time, that includes the full cost of fighting in Iraq and Afghanistan. For seven years, we have been a nation at war. No longer will we hide its price.”
Obama promised to put war spending in the budget, another bald-faced lie. Mr. Ratigan, how come you didn’t mention how Obama has CONSISTENTLY broken his campaign promises? Did you not have the opportunity?
...”even the most hawkish of Republicans”…??? I am sure you are frantically searching the internet for a Ratigan clip on, ummmm, the party and president in power. Don’t worry, I remember, fair and balanced is not an objective. Hmmmm, just a bit partisan don’t you think. Are we back to who is going to support the troops? It used to be the Dems bitching about Bush’s war and how it was silly to fund it but they would never deny the troops? Do I need to post the clips of Pelosi and clan yapping about this? Now it is Obama’s war and the bitching continues.
What’s your guess that Ratigan is not really as confused as he claims to be…rhetorical. He is really comparing war funding to yet another unemployment extension…very rhetorical. This is an insult to common sense. As for the “emergency” war funding, Obama escalated the war in Afghanistan and Pakistan. Obama created that emergency and the Repubs have been consistent on funding the war effort unlike, well, you know. Why no mention of Obama in this…rhetorical…oh right…Ratigan/MSNBC.
To what do you attribute the “inconsistencies”? Ha, that is the question. To what do you attribute your inconsistencies to Mr. Ratigan? Let me give you a hint, you are biased. You are leaning left like a jockey leans left around a turn in the track. You are right about one thing, this is theater. I had to stop watching after Ratigan asked if there was an “opportunity” for Repubs to “get consistent on this and actually make political strides as a result?” My God, too funny DB. I think the GOP is making plenty of political strides. Coburn, you know what is happening. You are going to have fewer suckers soon to pull to the left soon. Both Coburn and McCain are going to have some tough battles to return if they keep it up with this nonsense.
http://www.caivn.org/article/2010/05/24/president-obama-breaks-emergency-war-spending-pledge
Following in the footsteps of George W. Bush, President Obama has requested another $33 billion of "emergency", off-budget spending on the Afghanistan and Iraq Wars.
As a presidential candidate, Obama often criticized President Bush's chronic use of supplemental war spending bills, which added to the national debt. In February 2009, President Obama told Congress, "For seven years, we have been a nation at war. We will no longer hide its price." In April 2009, Obama requested tens of billions more in supplemental funding for the wars, but wrote House Speaker Nancy Pelosi, "This is the last planned war supplemental."
That's IT, I'm fed-up with your bullshit ..stick it up your ASS DB.
I understand that the importance of what I have now pointed out twice is over the heads of the average person but this is often where the buck stops with regards to a valid and an invalid audit conclusion. Ernst & Young did not want to consider Lehman's leverage an audit issue and without doing that they failed to fully consider whether Lehman could survive another 12 months after their audit. Ernst & Young's audit conclusion was obviously not worth the paper it was printed on so when I saw this video...I had a good long laugh...
http://www.journalofaccountancy.com/Multimedia/DaveSimko.htm
Here is a Partner at Ernst & Young talking about going concern. Some highlights...
"There may have been a few situations where the conclusion was black and white..."
"Tying it into management..."
"We really challenged them..."
Really, I mean really??? What's your angle Ernst & Young and why do I not believe this guy...
http://www.treasuryandrisk.com/News/2009/Pages/%E2%80%98Going-Concern%E2%80%99-Change-Raises-Concerns.aspx
Negative comments so far from major audit firms include Ernst & Young’s warning that “an auditor’s report that is modified to express substantial doubt about an enterprise’s ability to continue as a going concern can become a self-fulfilling prophecy. We do not believe it would be an improvement in financial reporting, or otherwise in the public interest, for the FASB to adopt a standard that would potentially contribute to limiting the availability of liquidity to entities in the current environment.”
Ernst & Young also predicted that replacing the current “bright line” with a vaguer standard would lead to an increase in shareholder litigation against auditors.
http://www.washingtonpost.com/wp-dyn/content/article/2010/03/11/AR2010031103027.html
A high-profile report on Lehman Brothers raises fresh questions about whether senior executives at the failed Wall Street investment bank presented a misleading picture of its financial health and whether government regulators did enough to prevent the firm's sudden collapse.
The 2,200-page report, unsealed late Thursday, accuses top Lehman executives of manipulating Lehman's balance sheet, auditor Ernst & Young of potential malpractice and top regulators of inaction even as the firm failed multiple tests to assess its ability to withstand a run on the bank.
http://www.youtube.com/watch?v=7ElXMA5ZS3I