ALERT: Obama declines comment on US hostage crisis off Somalia
Obama declines comment on US hostage crisis off Somalia | Markets | Markets News | Reuters.
WASHINGTON, April 9 (Reuters) – U.S. President Barack Obama declined to answer reporters’ questions on Thursday on a hostage crisis off the coast of Somalia, where a U.S. ship captain is being held captive by pirates.
Obama was asked to comment on the situation several times by reporters at a White House event on refinancing for homeowners. Obama, however, stuck closely to the script and replied that he wanted to remain focused on housing.
From Michelle Malkin:
Introducing the Obama Suckers Mutual Fund
Turn your head away from your computer screens upon reading:
U.S. Imagines the Bailout as an Investment Tool
Wait, wait. It gets better:
During World War I, Americans were exhorted to buy Liberty Bonds to help their soldiers on the front.
Now, it seems, they will be asked to come to the aid of their banks — with the added inducement of possibly making some money for themselves.
As part of its sweeping plan to purge banks of troublesome assets, the Obama administration is encouraging several large investment companies to create the financial-crisis equivalent of war bonds: bailout funds.
The idea is that these investments, akin to mutual funds that buy stocks and bonds, would give ordinary Americans a chance to profit from the bailouts that are being financed by their tax dollars.
Seriously. They are still plying the line that our trillions of dollars’ worth of taxpayer “investments” are going to make money. And under the guise of democratizing the returns, they are trying to persuade Main Street “investors” who have been forced to invest in failing banks, other financial institutions, auto companies, and life insurers to “invest” again in trash.
Behold the Obama Suckers Mutual Fund:
The funds, the thinking goes, would buy troubled mortgage securities from banks, enabling the lenders to make the loans that are needed to rekindle the economy. Many of the loans that back these securities were made during the subprime era. If all goes well, the funds will eventually sell the investments at a profit.
But, as with any investment, there are risks. If, as some analysts suspect, the banks’ assets are worth even less than believed, the funds’ investors could suffer significant losses. Nonetheless, the administration and executives in the financial industry are pushing to establish the investment funds, in part to counter swelling hostility against the financial industry…
…Perhaps more important than the money would be the political bonus of having thousands or even millions of taxpayers — whose portfolios have nose-dived during the crisis and whose tax dollars are financing bank bailouts and stimulus packages — profit from the toxic asset plan.
FYI: No one else wants to buy up banks’ bad assets. Why should you?
Team Obama is trapped in the Land of Make Believe and they can’t get out.
April 9, 2009 - 11:27 AM on April 9th, 2009
Why is it ok that Barak Obama not address the hostage crises?
No one in the Media has said anything of his silence it it made me curious so I googled the issue. Nothing. He is either, inept, stupid, doesn’t care, etc. I found an article on the Washington journal website that mentioned it. It is ironically the pirates are from KENYA, and that is there destination with American monaey. Our president is half Kenyan. It made me think. It may mean nothing or it may mean everything. I am sure I will be “attacked”
April 9, 2009 - 02:36 PM on April 9th, 2009
Just heard the audio clip of our deer-in-the-headlights Secretary of State babbling about how she’s working with the “International Community” to see what kind of response it will have.
If Reagan was President, those pirates would be dead by now.
Perhaps the TOTUS doesn’t want to do anything that might hurt the Pirates or do anything without international consensus because then the teleprompter reader might have to go back to Europe and grovel and apologize again.
April 9, 2009 - 05:43 PM on April 9th, 2009
[...] to citizenship for millions of illegal aliens. Malkin also exposes the de facto shamnesty plan ALERT: Obama declines comment on US hostage crisis off Somalia | Markets | Markets News | Reuters – rightvoices.com 04/09/2009 Obama declines comment on US hostage crisis off Somalia | Markets | [...]
April 10, 2009 - 06:33 AM on April 10th, 2009
What do you expect from the US President who bows to the Protector of the Two Holy Mosques, The King Of Saudi Arabia? Think he’s going to criticize any Muslims? He didn’t in Oakland when they celebrated the killing of the 4 cops there.