Barack Obama Keeps Campaign Promise – Patriot Coal Corp Files For Bankruptcy

A one man wrecking crew–
Barack Obama promised to bankrupt the coal industry during the 2008 campaign.

“So if someone wants to build a coal-powered plant, they can. It’s just that it will bankrupt them.”

On Monday Patriot Coal Corp filed for bankruptcy.
Barack Obama kept this promise.
Reuters reported:

Patriot Coal Corp filed for bankruptcy on Monday, the first U.S. coal producer to seek court protection since prices began to plummet as electricity producers turned to cheaper natural gas.

The company and nearly 100 affiliates were part of the Chapter 11 filing in the U.S. bankruptcy court in Manhattan. Patriot said it had $3.57 billion of assets and $3.07 billion of debts, and has arranged for $802 million of financing to help it continue mining and shipments during the reorganization.

Coal producers’ shares have plummeted as natural gas prices tumbled to the lowest in a decade this year, and the U.S. Environmental Protection Agency proposed new rules that would make it nearly impossible to build coal-fired power plants.

Patriot said these factors, weaker economies worldwide and the cancellation of customer contracts led to reduced liquidity and financial flexibility.

While still the largest single fuel for electricity, coal’s share fell to 36 percent in this year’s first quarter from 45 percent a year earlier, according to the Energy Information Administration.

Obama warned us this would happen.

Hat Tip Ed

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  • Finncrisp

    Barry is winning the war on coal – we are losing the Freedom our fathers and forefathers fought and died for.

    Recycle Barry – send the Moslem fool packing.

  • Won’t be long now.

    Tool up.

  • old glazier

    Joe Manchen immediately runs to nearest open mike yelling “Not MY fault”. What a fraud.

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  • bigkahuna

    I wonder if we could get a few democratic Sen /Congressman to switch parties.

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  • Warthog

    Is Obama going to make a speech to spike the ball?

  • Taqiyyotomist

    Jim, were you going to cover this? It’s big.

    http://market-ticker.org/post=208374

    More: copypasted with permission, no changes

    IT’S LIKE I’M PSYCHOTIC OR PSYCHIC OR SOMETHIN’

    POSTED BY ANN BARNHARDT – JULY 9, AD 2012 11:22 PM MST

    Uh, so do you believe me now?

    When I said, “Get the hell out,” do you understand that I meant to GET. THE. HELL. OUT.?

    When I wrote in my Going Galt Letter that the problem was SYSTEMIC, do you now understand that I wasn’t just typing big, fancy words so that I could hear the soft pitter-pat of my keyboard?

    When I said over and over again in interview after interview that the so-called regulatory system overseeing the futures industry was no such thing, but rather an evil, despicable mafia, administered by politicking psychopaths on the take, and staffed by affirmative action hires to provide plausible deniability and scapegoats, WERE YOU NOT LISTENING?

    How did I see this coming? How could I NOT see this coming?

    PFGBest, which used to be the old Alaron Trading, has stolen at least $220 million of customer funds, which is fully HALF the entire customer asset base. The firm’s owner attempted suicide this morning in the parking lot outside of the corporate HQ in Iowa.

    While claiming to have over $200 million in bank accounts, it turned out that PFGBest only had $10 million at most. And they had been short NINETY-FIVE PERCENT of their seg funds for at least five months, and it may be closer to two years. The reportage on the timelines is very fuzzy.

    Alright. Here’s where we call bulls*it. Action item number one for any auditor is the independent confirmation of bank account balances. When little tiny me was audited both by the regulators AND for my annual Sarbanes-Oxley audit done by a local accounting firm, the first thing I had to do was sign the balance confirmation requests that the auditors then sent to Wells Fargo. This is the fundamental purpose of an audit. Make absolutely sure the flipping money is where they say it is.

    What this PFGBest situation tells us is that the auditors were NOT independently verifying the bank account balances and were instead using internal, falsified, forged documentation provided not by the bank, but by the firm itself.

    Oversight by the auditors? Mistake by the regulators? Oopsie? No flipping way, Jack.

    Try: Premeditated fraud.

    Try: Conspiracy.

    Try: Full knowledge, complicity and cooperation by the regulators in covering the stolen customer funds, and all within mere WEEKS of MFGlobal.

    Try: Capital Economic Treason.

    Try: Life in prison or execution.

    Some of the MF Global rape victims were actually bulk transferred to this firm back in November. The owner (who attempted suicide this morning) pitched a fit back in November and got about 700 of the MFG accounts bulk transferred over to PFGBest.

    So, yes, there are now people, many of whom are agricultural hedgers, who have now been raped by having their equity stolen TWICE in nine months.

    And yet, how much do you want to bet that a significant percentage of these people go back for more? How many of them are so whipped, and so stupid, and so convinced that they just have to be trading futures and options because that’s what all of the cool kids do, that they will go right back to the Penn State gang showers with Mr. Sandusky?

    How many other traders and hedgers are out there telling themselves that this STILL isn’t any big deal, because it didn’t happen to them?

    “First they came for the MF Global customers, but I didn’t say anything because I didn’t clear MF Global. Then they came for the PFGBest customers, and I still didn’t say anything because I didn’t clear through PFGBest . . . . ”

    It seems so familiar.

    Finally, for all of you brokers who cleared PFGBest, not only do I not have any sympathy for you, I actually hold you in contempt, and hope that your clients all sue you personally. You knew that the entire system was suicidally risk-laden and yet instead of being honest with your customers and yourselves and walking away from a known death-trap, you decided to live a damnable lie and pretend like your customers’ funds were safe, because you were too chickensh*t to do the right thing.

    And that goes for every other broker out there right now. You know that it is just a matter of time. You know that your FCM could blow sky-high next week. You know that every assurance of integrity and solvency and “compliance” is bullsh*t, and has been bullsh*t for quite some time. You know that every bank wire and check that comes in from your clients is being deposited into the gaping maw of a living lie. You know the NFA, CFTC, SEC and the CME are lying, thieving psychopathic criminals, and that your clients are viewed as nothing but zeroes and ones on servers that can be “harvested” whenever JPMorgan or Goldman Sachs sees fit to do it, and then Tyqueesha in the back office and LaNeequa the junior auditor and Jamahl the assistant compliance manager/robosigner will be blamed. If you continue to expose your clients to that, then you are no better than the criminals, and will deserve to be sued into the ground for lying to your customers about the safety of the markets.

    The ultimate catch-22: by the very act of being in the futures business, you are by definition breaching your fiduciary duty to your clients, and are thus in violation of the law.

    Welcome to Communism. Welcome to hell.

    http://barnhardt.biz

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  • mcc

    OT — What Team BO and the Dems Don’t Want You To Know:

    For the record, Frank Marshall Davis was introduced to Obama by Obama’s grandfather, Stanley Dunham. Dunham introduced his grandson to Davis in the 1970s — by one (authoritative) account as early as 1970. He did so for the purpose of mentoring. And what a mentor he chose: Davis had been a literal card-carrying member of Communist Party USA (CPUSA). I have the FBI pages that list Davis’s CPUSA number, which was 47544. I reprint the FBI pages in the appendix of my book. Davis did outrageous pro-Soviet propaganda work for CPUSA organs like the Chicago Star and the Honolulu Record. His writings unerringly parroted the Soviet line. Like other CPUSA members, he was a loyal Soviet patriot.

    The liberal Obama biographers who bother to acknowledge Davis frame him as an innocent victim of McCarthyism. That’s nonsense. McCarthy never came anywhere near Davis. No, it was anti-communist Democrats who pursued Davis, at least in part because Davis’s chief target was Democratic President Harry Truman, the man opposing Joe Stalin. Davis’s pro-Soviet/communist activities were first flagged in a 1944 report by the Democrat-run House Committee on Un-American Activities. When he was finally called to Washington to testify for those activities, it was by the Democrat-run Senate Judiciary Committee. It was the Democratic Senate that, in a 1957 report (tellingly) titled “Scope of Soviet Activity in the United States,” stated categorically that Davis was “an identified member of the Communist Party.”

    And this, ladies and gentlemen, was a man who would go on to mentor the current president of the United States of America.

    Read more: http://www.americanthinker.com/2012/07/david_maraniss_and_obamas_communist_mentor.html#ixzz16w7aSawQ

  • mcc

    NOW I read the above post:

    Welcome to Communism. Welcome to hell.

    Precisely.

  • Flintstone F.

    Ken Salazar, Barack Obama, Eric Holder, Janet Napolitano and Hillary Clinton will all be gone after November 6, if we remember to vote.

    The US energy economy will comb out the snags soon. Sarah Palin would make a wonderful Secretary of Interior.

    Again, he told us. And again, (ugh) the so called mainstream news media buries the words that would inform Americans. It’s the News’ fault.

  • Taqiyyotomist

    Re: A one man wrecking crew…

    It ain’t just one man, Jim. It’s the whole damn system. It’s Democrats, it’s Republicans, it’s every last freakin’ God-less one of them.

    Like Barnhardt said the other week: what have your precious TEA Party freshmen, let alone the rest of the Republicans in Congress, done about ANY OF THIS S&^T?

    NOTHING. Cowards, every last one of them. Allen West. Marco Rubio. Scott Brown. WHAT THE F HAVE THEY DONE to stem any of this?

    Jack and squat.

  • Tim in Cali

    He tells the people “I will bankrupt coal companies”
    Then many people of these coal regions vote for him.

    A man points a gun at me,then claims he will shoot me
    I don’t offer him bullets

    Thankfully,the Jews didn’t buy it.
    They’d never vote for Oba….whoops,nevermind…

  • Taqiyyotomist

    I mean, besides a few heartening speeches to adoring crowds of 50 or so people.

    Nothing.

  • Taqiyyotomist

    F. Flintstone

    Ken Salazar, Barack Obama, Eric Holder, Janet Napolitano and Hillary Clinton will all be gone after November 6, if we remember to vote.

    The US energy economy will comb out the snags soon. Sarah Palin would make a wonderful Secretary of Interior.

    I wish I shared your completely blind and naive optimism.

    We’d be about to elect (but won’t because he’ll take a McCain-Dive like he has given us every indication he will, and — more fraud than ever in US electoral history is about to take place…again) Obama’s White Twin. Who will do absolutely Jack Squat to reverse any of this crap.

    Maranatha! Come quickly, Lord.

  • feduptoo

    We have already been told, that if our electric company has to convert from coal to natural gas, that our rates will go up 35% to 45% more…they already got two rate increases in 2009/2010!

    So you can imagine what our bills will be!

    If the consumer is forced to pay for the conversion with higher rate increases, then natural gas is not cheaper for us!

    In WV, Ky, coal mines are shutting down! More unemployed, more on food stamps, 99 wks of unemployment, more on Medicaid…all when these miners would rather work!

    Yet China keeps getting coal shipped to them from Washington and Wyoming, and bought into a south TX oil and gas field.

    I have no doubt, Obama works more for foreign countries and foreigners, than his fellow citizens!

  • Taqiyyotomist

    Welcome to the New Ukraine.

  • Militant conservative

    Taq, not enough numbers yet.

    That’s changing in November.

  • BurmaShave

    It is important to remember the that guiding rule for the Students for a Democratic Society (SDS = anarchists) was: ‘You must first destroy society before you can rebuild it.’ [As if the SDS was any more able to contribute the slightest possible benefit to society than the Taliban.]

    BTW, Obama’s close friend Bill Ayers and Bernardine Dohrn were members of SDS; Bill was a leader.

    See any connection here?

  • Patty
  • mcc

    The CPUSA constitution and program

    According to its 2001 Constitution, the party operates on the principle of democratic centralism, its highest authority being the quadrennial National Convention. Article VI, Section 3 of the 2001 Constitution lays out certain positions as non-negotiable:

    “struggle for the unity of the working class, against all forms of national oppression, national chauvinism, discrimination and segregation, against all racist ideologies and practices… against all manifestations of male supremacy and discrimination against women… against homophobia and all manifestations of discrimination against gays, lesbians, bisexuals and transgender people…”[50]

    Among the points in the party’s “Immediate Program” are a $12/hour minimum wage for all workers, national universal health care, and opposition to privatization of United States Social Security. Economic measures such as increased taxes on “the rich and corporations”, “strong regulation” of the financial industry, “regulation and public ownership of utilities”, and increased federal aid to cities and states; opposition to the Iraq War and other military interventions; opposition to free trade treaties such as the North American Free Trade Agreement (NAFTA); nuclear disarmament and a reduced military budget; various civil rights provisions; campaign finance reform including public financing of campaigns; and election law reform, including Instant Runoff Voting.[51]
    […]
    …the Communist Party USA holds that building socialism would entail “eliminating private wealth from stock speculation, from private ownership of large corporations…
    […]
    The Party’s most recently released environmental document–the CPUSA National Committee’s “2008 Global Warming Report”–takes note of the necessity of “major changes in how we live, move, produce, grow, and market.”
    […]
    the Communist Party USA stands in favor of promoting
    “transfer from developed countries to developing countries of sustainable technology, and funds for capital investment in sustainable agriculture, energy, and industry

    from
    http://en.wikipedia.org/wiki/Communist_Party_USA

  • Pleasance

    Patriot employs 46,000 or so – this shall be disaster in more ways than one.

  • Patty

    Dick Morris Reveals How Obama Will Kill The 2nd Amendment On July 27

    http://patdollard.com/2012/07/dick-morris-reveals-how-obama-will-kill-the-2nd-amendment-on-july-27/

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  • Patty

    OT
    THREATENING: Democrats Filming Republican Homes

    http://patdollard.com/2012/07/creepy-democrats-filming-republicans-homes/

  • Patty

    Another one of those promises?

    Taxes and Trust: The Achilles Heels of Obamacare and Obama

    As we saw in Part One, the Achilles Heels of Obamacare are taxes and trust. If the voters had known in 2010 what they know in 2012–that Obamacare is ObamaTax–the bill would not have passed. And Obama and the Democrats know that, too. That’s why they are still fighting over whether or not it’s a tax, or a penalty; for the sake of their own survival, they need to keep their rhetorical fog machine fogging. In this effort, partisan Democrats enjoy the full support of the hard ideological left, and the left knows that if Obamacare is brought down, it is unlikely that replacement legislation of European-style scope would have a chance of passage. In other words, this is a last stand for the bureaucratic left–and last-standers have a way of fighting to the death. And so that’s why Republicans need to wield the cudgel wisely–but also strongly. There can be no quarter in this fight.

    Yet Republicans are Fumbling the Opportunity[….]

    http://www.breitbart.com/Big-Government/2012/07/10/Taxes-andtrust-2

    Romney care to federal money but not for Hospitals for the people without healthcare to purchase their own.

    Romney care never raised taxes.

    Romney needs to start fighting back harder.

  • Patty

    I am farming and I grow it

    http://www.youtube.com/watch?v=48H7zOQrX3U

    Over 5 million hits. Obama lay off the farmers.

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  • Joanne

    I don’t know how anyone could not hate this man.

  • mcc

    Re #11 — in the link, you’ll discover (according to Maraniss’ bio of BO) that it was Barry’s “Gramps” – Stanley Dunham – whose *brother* came to Honolulu on business and introduced Communist Frank M. Davis to the “Obamas” (was how he put it)…

    So it looks as though the Dunham family was deep in commielove. But my impression has been that the Dunhams knew Davis before Stanley Ann became pregnant…Maraniss (a liberal) might be misleading on timeline…

    Especially since many have read of Davis’ admitting to a sexual relationship with an underage “Ann”…

    I’ve sided with those who think Davis may be BO’s true dad.

    With his history as member CPUSA and FBI file — NO WAY could BO have run for President if he’d fathered Barry.

  • Patty

    Where’s the guy who says, “I voted for McCain last time but I was wrong. I wish I’d voted Obama”?

    A google search using the term, “McCain voters say they wished they’d voted Obama” shows about 7,450,000 items, but searching through them yields not a single article about voters feeling this way. When most people are asked, “We all know people who voted for Obama and say they wished they had voted for McCain, but where are the people who say they voted for McCain but wish they had voted for Obama?” they start laughing.

    By now we have all heard the public “secular confessions” of the Barack Obama supporters who wish they hadn’t done what they did. These people feel a need to confess their sin so some intelligent voter can pat them on the head and say, “It’s alright, you meant well.” Of course it’s not alright, so the legions of “Obama Vote Regreters” (OVRs) seems to be growing.

    Stories about OVRs like the one recently posted by The Des Moines Register are rare. How stark does the picture have to be to force the media to talk about cracks in their king’s armor? Pretty bad is the answer, and that’s what the situation is in Iowa where just four years ago Barack Obama cruised to a land slide victory. […]

    http://www.coachisright.com/wheres-the-guy-who-says-i-voted-for-mccain-last-time-but-i-was-wrong-i-wish-id-voted-obama/

  • mcc

    This article has the link to another with lots of info on Axelrod:

    Presidential historian Paul Kengor has dug up some fascinating facts about the background of David Axelrod, showing President Obama’s top political strategist to have deep ties to the American Communist Party (CPUSA) and other leftist individuals and organizations.

    http://theothermccain.com/2012/03/04/david-axelrods-red-roots-obama-advisers-communist-ties-exposed/

  • Patty

    ot

    Police Chief Blames ‘Pilgrims’, Cops for Chicago Violence

    BUT THIS IS ANOTHER EXAMPLE OF IDIOTS GONE WILD.

    http://www.amren.com/news/2012/07/police-chief-blames-pilgrims-cops-for-chicago-violence/

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  • I’m not a racist; I don’t like Biden or Pelosi either

    #11- MCC and all:
    I’ve posted this before and will post it again:
    Read the book “Blacklisted by History” which tells the TRUE story of Joe McCarthy. And even more important, read the Publisher’s Weekly review of the book that states (paraphrasing) “Everyone has known for a long time that McCarthy was right.”

    REALLY? Did you know that? Of course not, because it was probably printed as a 3-line correction in the NY Times on page D28. Sort of like when they gave front page, above the fold coverage to Mitt’s high school pranks, but have never bothered to cover anything significant about The One’s communist roots.

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  • Patty

    Just another promise. Seems reporters are getting a little tough

    Reporter Crushes Jay Carney Over Obama Tax Trick

    http://nation.foxnews.com/jay-carney/2012/07/10/reporter-crushes-jay-carney-over-obama-tax-trick

    They are delusional, job destroyers and liars. And Americans are paying attention, on this and the Democrats have lied and this isn’t a small lie. It will change America for the worse.

  • Patty

    Top 10 things the Obama Campaign doesn’t want to talk about

    1. The Economy: “All ahead slow” may be an acceptable order for a ships captain heading into mined waters – but not for a sitting president.

    2. Jobs: The Obama administration predicted unemployment to be 5.6% by now. Let’s just say Obama’s laser-beam focus on jobs turned out to be more like a flashlight with weak batteries.

    3. Health Care: Looks like passing a bill to find out what’s in it and then finding out what was in it was actually the largest tax hike in the history of mankind wasn’t such a great idea after all.

    4. The National Debt: “What do you mean I don’t have any money left – I’ve still got checks?” It was pretty funny on that t-shirt you got at the beach – not so much on a political bumper sticker.

    5. The Stimulus: “Shovel ready was not as shovel ready as we expected.” Obama got a big laugh for this quote from the “Jobs Council” panel. It’s safe to say it’ll bomb on the stump this year.

    6. Green Energy: Can you say S-O-L-Y-N-D-R-A? Obama sure can’t.

    7. Foreign Policy: Obama’s “Timothy Treadwell” approach to foreign policy will only prove one thing in the end – the bears will eventually eat you.

    8. Education: When half of America’s college graduates can’t find a job, now’s probably not the best time to be pushing a college education for everyone.

    9. Transparency: Who knew the “O” in Obama actually stands for opaque.

    10. Hope and Change: Been there – done that.

    Buckle up for a big dose of blame and excuses for the next five months from the most vacant campaign in modern history.

    Read more: http://www.americanthinker.com/blog/2012/07/top_10_things_the_obama_campaign_doesnt_want_to_talk_about.html#ixzz20Fi0QIne

  • Patty

    FYI

    Romney extends lead among Independents to 14 percent

    Obama’s overall job rating is 47-49 percent, approve-disapprove (the same as in May). But his approvals are majority negative on:

    The Economy, 44-54 percent;
    Health Care, 41-52 percent (a numerical low in approval, with no bump from last month’s Supreme Court ruling); and
    Immigration, 38-52 percent (also bumpless despite Obama’s halting enforcement against certain illegal aliens, who arrived as minors) via executive fiat.

    http://www.redstate.com/california_yankee/2012/07/10/romney-extends-lead-among-independents-to-14-percent/

  • OBAMA IS OUT TO DESTROY AMERICA………….RULES, RULES & MORE RULES, SOMETHING HAS TO BE DONE NOW BEFORE NOV……DON’T WORRY ABOUT HIM NOT WINNING, HIS WON ALREADY! HE HAS NO INTENTIONS OF LEAVING THE W.H., WHY IS HE DOING ALL THIS B.S. AND IT WILL BE OVER-TURNED WITH THE NEXT PRES. SOMETHING IS COMING DOWN AND ITS NOT FAR OFF……………..GOD BLESS AMERICA…………P.S. BETTER WAKE UP AMERICA.

  • Mad Hatter

    Isn’t it ironic the first coal company that files for bankruptcy under the Marxist in Chief is a company called Patriot Coal.

  • Taqiyyotomist

    #41 Patty

    I would add:

    11. Larry Sinclair.

    12. Donald Young.

    http://abclocal.go.com/wls/story?section=news/local&id=5854125

    13. Larry Bland.

    http://www.americanfreepress.net/html/members_of_obama_s_church_kill.html

    14. Nate Spencer.

    #12-14 are no longer available for comment.

  • bg

    ++

    OT..

    flashback: November 24, 2008

    A Pardon to Remember

    [WHEN President Bill Clinton pardoned a billionaire fugitive from justice
    on his last day in office, even usually loyal Democrats were dismayed.
    Representative Henry Waxman of California called it “bad precedent”
    and “an end run around the judicial process.” He said it appeared to
    set a double standard for the wealthy and powerful.

    [..]

    Under the rules governing pardon petitions — rules that were approved
    by Mr. Holder’s office — the views of United States attorneys “are given
    considerable weight” because of the “valuable insights” they have. And
    yet Mr. Holder did not consult Ms. White and her colleagues about the
    Rich pardon petition; they did not know of it until it had been granted.

    [..]

    Mr. Holder never came close to meeting that standard. He had the last
    word at Justice on clemency petitions and he saw to it that he had the
    only word. He brokered one of the most unjustifiable pardons that an
    American president has ever granted.]

    flashforward:

    Focusing On The Symptom, Not The Disease:
    Rich Americans Fleeing The Country

    [Remember Denise Rich? Bill Clinton pardoned her ex-husband after she
    donated roughly a million dollars to the Democratic Party and the Clinton
    Library. Whatever your opinion may be of the pardon, it certainly looked
    like a very sleazy “You give us money and we’ll wipe your crime off the
    books” deal.

    Ironically, Rich was in trouble for evading 48 million
    dollars in taxes. That’s ironic for two reasons.

    First off, if Rich funneled 1/48th of the money he owed in taxes into the
    Democratic Party and got a pardon out of it, he proved crime does pay
    — at least when you’re dealing with Democrats. However, it’s also ironic
    because Denise Rich will now is also about to save millions in taxes not
    by evading taxes, but by simply renouncing her American citizenship.]

    ==

  • TeaPartyNation

    How many people will lose their jobs because of this latest attack on business by OBOZO?

    FACT: the lunatic-left d-cRAT socialists WANT the unemployed (which their FAILED POLICIES HELPED CREATE) and ALL OTHER American citizens fully and completely dependent on BIG GOVERNMENT handouts through “wealth and income re-distribution” in order for them to stay in power. PROOF: Look how well that approach has worked out for the d-cRAT socialists with blacks, hispanics, American Indians, and various other groups who are now nearly 100% dependent on the BIG GOVERNMENT NANNY STATE for their entire existence – and they are solidly, mindlessly supporting d-cRAT socialism.

  • Patty

    Obama: “This Will Be My Last Political Campaign No Matter What”
    Related Videos | expand

    “This will be my last political campaign no matter what,” President Obama said at a campaign event in Cedar Rapids, Iowa today. “I’ve got nothing else to run for.”
    🙂

    Oh, heavens, we hope so, unless by Executive Privilege or Executive Order and you extend things to 3 terms. Wow, what a maniac.

  • Patty
  • #21…so were andy stern and wayne radtke

  • Patty

    Coal is being Outsourced to China.
    That is one problem and this is another for Obama.

    OBAMA OUTSOURCED

    THE TRUTH HOW OBAMA SHIPPED THE RECOVERY OVERSEAS

    http://www.obamanomicsoutsourced.com/

    Obama’s Outsourcing Far Worse Than Romney’s

    Who’s the worst outsourcer in today’s presidential race? It isn’t Mitt Romney – it’s Barack Obama.

    Obama’s second largest fundraiser is John Rogers, the CEO of investment giant Ariel Capital Management. He has raised more than $1.5 million for Obama’s reelection campaign. Bully for him, except for one thing: Ariel Capital Management owns a $48.6 million stake in Accenture, which just happens to be, according to the International Association of Outsourcing Professionals, the nation’s “best” outsourcer.

    And that’s not all for Rogers; he stated that he wants to intensify the trend that started with moving call centers and factories overseas to outsourcing “day-to-day activities” including pest control, landscaping, and secretarial functions. And Rogers isn’t ashamed one bit:

    “We’re making a very big bet right now on outsourcing. People have generally soured on the idea, and many companies are trading at discounts to their private-market values. But we don’t think that view accurately reflects the powerful secular growth we’re going to see as companies and individuals outsource more of their day-to-day activities.”

    Of course, Rogers isn’t just anyone; he and Obama were buddies in Chicago, and Rogers’ ex-wife Desiree left a $350,000 per year job at Allstate Insurance Company to serve as White House party planner.[……….]

    http://www.breitbart.com/Big-Government/2012/07/08/Obama-outsourcing-far-worse-than-Romney

  • saveus

    obama plan to destroy the USA right on schedule

    will he be defeated at the ballot box?

  • Patty
  • Patty

    Is President Obama Intentionally ‘Destroying’ America?

    [….]Are people not wholly rational in wondering just what in the world is going on?

    My personal belief is that Obama, like so many leftist radicals, has a strong distaste for pre-Obama America and that he believes that the United States has been an imperialistic international bully, that we’ve consumed too much of the world’s resources, that we’ve been an environmental felon and that our capitalistic system unfairly and inequitably distributes income and wealth — and I think he means to effect wholesale change to rectify those sins.

    Do I believe that he wants to “destroy” America, as such? No. In his mind, as warped and foreign as I think it is, he doubtlessly believes he is helping to create a better America — a utopia of sorts. That is, he is intentionally trying to fundamentally transform America into something that he believes would be better but that most Americans — and infinitely more if they understood the full scope of what he is up to — would consider horrific, an America that we would barely recognize as the one bequeathed to us by our ancestors.

    On the financial front alone, Obama is single-handedly preventing entitlement and discretionary spending reform, without which — as I’ve said dozens of times — America will face financial catastrophe. There is less than zero question that he is doing that on purpose, regardless of whether you think he is otherwise intentionally damaging America. There is no question that he is acting as though he has a vendetta against the oil, coal, natural gas and nuclear power industries. There is also little question that he is intentionally dividing Americans on the basis of race, economic class, gender, sexual orientation and, sometimes, religion.

    You don’t have to be a conspiracy theorist to recognize the damage Obama is doing to the republic, and we haven’t even touched on his unconstitutional and lawless usurpations of authority. The question isn’t whether he is intentionally destroying America. The question is whether he is intentionally pursuing a set of policies that are definitely damaging America, irrespective of his motives.

    The answer is — irrefutably, emphatically — “yes.”

    http://townhall.com/columnists/davidlimbaugh/2012/07/10/is_president_obama_intentionally_destroying_america/page/full/

  • Patty

    The question isn’t whether he is intentionally destroying America. The question is whether he is intentionally pursuing a set of policies that are definitely damaging America, irrespective of his motives.

    The answer is — irrefutably, emphatically — “yes.”
    _____________

    Can we hear an AMEN!

  • Patty

    And then their is Good Ole Biden:

    OT

    Biden: ‘Those Walls Were Awful Thin, I Wonder How the Hell My Parents Did It’

    Joe Biden made a sex joke about his parents and grandparents today at the La Raza conference:

    “My mother said, and by the way, it was wonderful for children by the way–having your grandpop living with you, having your great aunt, your uncle, for real,” Biden said. “Those walls were awful thin, I wonder how the hell my parents did it! But that’s a different story. I know you don’t anything about that. I know none of you in your families have done the same thing.”

    http://www.weeklystandard.com/blogs/biden-those-walls-were-awful-thin-i-wonder-how-my-parents-did-it_648382.html

  • Glenn Koons, LB, Ca.

    Obama’s deplorable energy green baloney with Solyndra losers in the billions is more like a Maoist 5 yr. plan than anything our history has had . Firing Lisa Jackson would help. But, when a Prez attacks a legitimate legal entity in free enterprise and says, I will destroy it, then wonders what type of American this naif is. He seems to hate coal, gas, oil, shale tar and even nuclear energy. Oh wave, solar, and other silly alternatives seem to be his faves, they cannot be put into use NOW when we face the Islamofascists, Iran, China and Russia as energy competitors and they are enemies while Canada, Mexico , Brazil and India are our allies and competitors too. Obama seems hell bent to make us….Greece or some 3rd world nation. He must be defeated for his dictatorial leftist transformational agendas. The WAPO poll today showing voters think times are worse after 3 plus years of such transformation. Yes, he and the Reid Senate must go or we lose choice and liberties not only in energy but all other levels of free enterprise.

  • TSS

    A citizen of either West Virginia or Pennsylvania voting for Obama would be akin to a chicken voting for Colonel Sanders.

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  • obama is a mole

    You aint seen nothing yet! Farmers grain has risen 4x–seen the price of steak? Pork? Food? Truckers are forced to take breaks every 2 hrs…our COAL is being sold to CHINA–CHINA! Drillers are drilling in OUR waters–per OBAMA! 231 regs placed on every small business? –the DOJ is BLACK RACISTS, Holder Jarrett, Axelrod, are communists-Vernon Jarrett is the PRESEIDENT of the communist youth group. Our electricity is going from $16 per kilowatt to $347 that’s over 1,000 a month for every friggin home. Now when you go to a doctor he/she has to have the panel review the REQUEST–now they count your AGE you’ll have QLEs quality of life points -you baby boomers are out! We probally have 10 OLEs compared to a person of 30-40. This is model off the T86 Hitlers health plan. I told you! And get ready 22 new taxes-and the ONLY loans for college is for minorities first—our vitamins and every friggin bit of medicine is going to cost 4x the amount–he is PLACING a HUGE HUGE tax (fee)
    on every pharmacy company. OMG–I just wish people could know what they have done by putting communists in charge of America–can’t you see ROmney is our only hope to get her back???I am a capatilists and I am sad that our children will never be ALLOWED to be successful-or think outside the box-they WILL be punished for it—they hate AMERICA! They hate hate us—especially whitey….nuts? no watch the news and the attacks..our country has been destroyed within–internet will be gone, news channels, cars, homes will be have two families–no one can live-everything is so high–he is going make us pay for being so GREEDY.

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  • DJ

    Remember, in the final analysis, it comes down to one thing. Obama is a kneegrow. This IS the penultimate problem.

  • SABoer

    Please believe this, Mr Obama WILL BE re-elected.
    All his “irregularities” have been know to the FBI, the SS and powers that be and yet he was a Dem candidate and won.
    He will win again because he is useful and will fulfill his role.
    Too many people are “invested” in him.
    Be ready for another 4 years.

  • Questionman

    I was right. It’s 2012, the chance to get rid of the one thing Cancervatives hate more. A black man as President. They don’t hide they’re racism anymore! Jim, it’s obvious you are a mentally amage racist, proof is in the pudding! You don’t know anything about business to save your life. Since this year began, anything bad that happens to in this country, ANYTHING!??! You Klansmans blame it on Obama and it’s pathetic!

    Patriot had $450 million in debt, It was neglect of business that caused this.

    Coal is getting it’s handed to it by cheap natural gas.

    That’s the reason Patriot went bankrupt.

    Every other website confirmed neglectful business. YOU are the only a-hole blaming this on Obama! Is there something wrong with you?

  • Don’t EVER say Democrats aren’t Oil & Coal Men: Al Gore Jr.’s Daddy was big in Occidental Petroleum (Coal), and Jr. inherited quite a piece of Occidental’s pie and even sold the Elk Hills Naval Petroleum Reserve oil to OXY at pennies on the market dollar while he was V.P.

    Never let it be said Democrats don’t love Big Fossil Fuel!

  • Flintstone F.

    Taqiyyotomist

    I’m glad I don’t share your pessimism. Romney is nothing like Obama.

    The Tea Party is pushing the GOP to the right and Obama is moving the democrat base to the right (his move to the far left was too big a bite). I do believe democrat donors and some of those up for re-election are making not so subtle moves away from Obama.

    Romney is not going to maintain illegal moratoriums or allow for the nations largest energy source and it’s producers to continue to be harassed by an overreaching government.

    Obama’s absence will be felt immediately. The economy will tick up on day one and continue (I love speculators). Get control of the senate and keep the house, much will change.

    Obama’s approval today: 44% I think that is an optimistic number. He’s well under 50% and the economy is in the sewer. A president has never been re-elected with his approval below 50% this late in the campaign. Obama has no chance. He will define “zero” on election day.

    Obama’s purpose was to fundamentally transform America. It’s no secret what form he wanted us to assume. He’s unmatched in his attempts to put large chunks of the economy under the control of the federal government. I have a hard time believing that Romney would willfully undermine the rule of law to advance his ideological agenda. Obama made that his MO. Sorry, but you can’t just call them twins and leave it at that. Obama is the most dangerous person to ever occupy the White House.

  • Flintstone F.

    Can we trade in our troll? Questionman is weak.

  • Patty
  • Patty

    Brilliant!!

    Coal and now Auto Industry but this is a real humdinger as well.

    Former Obama auto czar, Treasury officials break in eleventh hour after years of stonewalling on GM bailout

    Read more: http://dailycaller.com/2012/07/10/former-obama-auto-czar-treasury-officials-break-in-eleventh-hour-after-years-of-stonewalling-on-gm-bailout/#ixzz20IEioZ53

  • Flintstone F.

    Taqiyyotomist

    Last thing, I think looking at voting records could help you understand some of those you call out. I haven’t actually reviewed anything lately but I would like to see some of these Tea Party Repubs. in action when the Repubs. have the majority in both houses where they set the agenda and control all the committees.

    Mission #1: Get Obama out of the White House.
    Mission #2: Continue to apply heat and pressure to GOP/Tea Party to stand on constitutional principle (get gov. off our backs).

    We’re about to take a huge step in the right direction. Trust me.

  • billy sol

    thought o bummer was a pro worker guy . . .. . .members of the United Mine Workers will turn out in droves . . . . . they have families to feed too! who’s next . .. the UAW they had hope . . .now they’ll be lucky to have any change LEFT!

  • billy sol

    you nailed it Savage Nation! I was raised in a state that provided much of the coal for our energy . .. . . .Gore’s father was an attorney for a large coal comapny; I don’t recall the name; believe it was Big Bend CC . . .that can be verified via Google!

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  • Limousine Barry

    What’s wrong?

    This is a promise I have kept!

    Let me be clear, our electric grid needs more power plants. If someone wants to build one I will bankrupt them. It’s as simple as that! Ha ha!

    After killing as many American energy jobs as possible I am now moving into the next phase of my plan to wreck America. This next phase involves kill power plant jobs! This should help wreck America.

    Sure, some of the power plant jobs are Union Jobs but the Union always votes for me. Why shouldn’t I screw the idiot union workers? I can depend on their vote!

    If you like the way I have driven energy prices through the roof and driven energy jobs offshore please vote for me. Send $30 to me before midnight!

    My huge ugly bus is spewing black smoke and David Axelrod has another scam to inflict upon my Union donors. This is the old intimidation scam where if you don’t vote for me then expect to have a union “accident.” How does three months in the hospital sound? I cannot go into details at this time. Good day.

  • Swampfox1965

    Lay in the weeds and watch. As time goes on Barry’s buddies will be standing by to buy these companies at bargain basement prices with taxpayer money given to them by Barry in payment for their campaign contributions. Remember Solyndra?

  • RivahMitch

    There are only two choices, “blood, sweat, toil and tears or complacency and slavery. Each of us must choose. Choose wisely.

  • Wiredog 93

    How many Patriot Coal employees will loose their middle class jobs with health insurance? I thought BO was supposed to be creating middle class jobs? He seems to only be doing that for his fellow lawyers.

  • Delfin J Beltran MD

    How many fraudulant actions must a sitting President make before he comes to be considered a criminal subject to action by the Department of Justice.?

  • Silver Haired Saint

    Is this one of Gore’s Coal mines?

  • msbets

    This is the most egregious,vile, little vermin that’s ever been hatched, he needs to take a long walk on a short pier, there is nothing about this truly insane vicious thing that’s salvageable, It must be removed from our oval office in November, It said this would be It’s last campaign and I believe It……….if it wins it will declare itself dictator and will never have to campaign again it will take us over lock stock and barrel…………that is if we let it!!!

  • Gwynn Clark

    Love the writing of Ann Barnhardt. Don’t know her, or of her, but love her no nonsense approach. Seems NO ONE does “due diligence” anymore. Almost split a gut when I read about a Chicago firm posting on their blog “We were mislead by senior leadership that we trusted in business”. As Reagan was prone to saying: “Trust but Verify”. Unfortunately, they relied on regulators and didn’t have enough sense to protect their own money and that of their clients. But isn’t that the universal problem when dealing with OPM (other peoples money).

  • capitalust

    Wow. Post #23 sounds like it is straight from a Democratic Party website. Every one of the CPUSA’s talking points and priorities are the same as the Democratic Party’s. Anyone else happen to notice that? I think we done been took over, dudes.

  • Ron Marlar

    Typical of an Islamist jihadist Obama destroys but does not build.

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  • R.E.Bachman

    Won’t be the first time Pennsylvania Anthracite Miners bootleg.

  • Randolph Rivers

    What a dumb ass you people have elected. Please, please don’t reelect this fool again. The man child is clearly not up to the task. If he is reelected our country will fall further behind the developed world. Remember we use to lead the world; however we started to listen to the democrats and the other wussies around the world. Stop the insanity, vote Republican and put a grown up back in charge.¬¬¬
    GOD BLESS AMERICA