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The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Archive for March 25th, 2009

Indiana Workers Harassed & Threatened to “Sign that union card check”

Posted by iusbvision on March 25, 2009

The harassment was so bad that employees got a lawyer and went to the NLRB to force a secret vote, and what do you know the decision to unionize was reversed.

Thanks to Hotair.com for the video link.

UPDATE – A better video on this story

Posted in Chuck Norton, Obama and Congress Post Inaugration | 3 Comments »

Priceless: Sen. Dodd’s Wife Was an AIG Director.

Posted by iusbvision on March 25, 2009

And this shows that Dodd knew more about the internal workers of AIG than he lead on.

Real Clear Politics :

Dodd’s Wife a Former Director of Bermuda-Based IPC Holdings, an AIG Controlled Company

By Kevin Rennie

No wonder Senator Christopher Dodd (D-Conn) went wobbly last week when asked about his February amendment ratifying hundreds of millions of dollars in bonuses to executives at insurance giant AIG. Dodd has been one of the company’s favorite recipients of campaign contributions. But it turns out that Senator Dodd’s wife has also benefited from past connections to AIG as well.

From 2001-2004, Jackie Clegg Dodd served as an “outside” director of IPC Holdings, Ltd., a Bermuda-based company controlled by AIG. IPC, which provides property casualty catastrophe insurance coverage, was formed in 1993 and currently has a market cap of $1.4 billion and trades on the NASDAQ under the ticker symbol IPCR. In 2001, in addition to a public offering of 15 million shares of stock that raised $380 million, IPC raised more than $109 million through a simultaneous private placement sale of 5.6 million shares of stock to AIG – giving AIG a 20% stake in IPC. (AIG sold its 13.397 million shares in IPC in August, 2006.)

Clegg was compensated for her duties to the company, which was managed by a subsidiary of AIG. In 2003, according to a proxy statement, Clegg received $12,000 per year and an additional $1,000 for each Directors’ and committee meeting she attended. Clegg served on the Audit and Investment committees during her final year on the board.

IPC paid millions each year to other AIG-related companies for administrative and other services. Clegg was a diligent director. In 2003, the proxy statement report, she attended more than 75% of board and committee meetings. This while she served as the managing partner of Clegg International Consultants, LLC, which she created in 2001, the year she joined the board of IPC. (See Dodd’s public financial disclosure reports with the Senate from 2001-2004 here.)

Dodd is likely more familiar with the complicated workings of AIG than he was letting on last week. This week may provide him with another opportunity to refresh his recollections.

Posted in Campaign 2008, Chuck Norton, Journalism Is Dead, Mortgage Crisis, Obama and Congress Post Inaugration | Leave a Comment »

C-Span Founder Brian Lamb: “journalists have the thinnest skin of anyone”

Posted by iusbvision on March 25, 2009

In my experience this is SO true. I had a journalism teacher who…. NOPE – it is going to be in my book :-).

But let’s have Brian Lamb give you the details in the link below.

Video LINK.

Posted in Chuck Norton, Journalism Is Dead | Leave a Comment »

Democrats Get Their Wish: Children of AIG Employees Threatened

Posted by iusbvision on March 25, 2009

That is not a headline we make lightly, however in this case it is 100% justified.

As we have reported before and have showed you the video (LINK) the Democrats issued not so thinly veiled threats to release the private information of employees who recieved bonuses unless they paid up. Of course, Treasury and the Democrsts negotiated the agreement and wrote the law to guarantee such bonuses all while AIG was giving large donations to the Democratic party, Chris Dodd and Barack Obama.

NBC:

Get the bonus, we will get your children,someone identified only as “Jacob the Killer” hauntingly writes in an e-mail.

— All you motherf***ers should be shot.  Thanks for f***ing up our economy then taking our money.

— Dear Sir: Ya’ll should have the balls and come clean and give back the bonuses. I know you would never do this so the gov’t ought to take you out back and shoot everyone of you crooked sonofb****es…I would be very careful when I went out side. This is just a warning. If I were ya’ll I would be real afraid. Thanks, Bill.

— I don’t hope that bad things happen to the recipients of those bonuses. I really hope that bad things happen to the children and grandchildren of them!  Whatever hurts them the most!!

— You f***ing suck. Paying bonuses to the d*****s that made bad bets losing your company billions of dollars.  I want to f***ing puke.  Publish the list of those yankee scumbags so some good old southern boys can take care of them.

— If the bonuses don’t stop, it will be very likely that every CEO @ AIG has a bulls-eye on their backs.

— We will hunt you down. Every last penny. We will hunt your children and we will hunt your conscience. We will do whatever we can to get those people getting the bonuses.  Give back the money or kill yourselves.

— All the executives and their families should be executed with piano wire around their necks — my greatest hope.

— You mother-f***ing, c***s***ing, d***l****ers need to be taken out one by one and shot in the head. There’s a special place in hell for you pond scum. Watch your backs because someone will come to get you, you can be sure.

— The Revolution is coming. The family members of your executives are not safe. Your blood will run through the streets in the coming months.

Among the documents is an e-mail from an unknown individual, who may be or may have been an employee:  “Just arrived home to several threats on the answering machine.  ‘Give your money back or else,’ terrible things going to happen, etc.  Both private caller numbers.”

Posted in Chuck Norton, Government Gone Wild, Mortgage Crisis, Obama and Congress Post Inaugration | 1 Comment »

Member of Euro Parliament on the EU Government

Posted by iusbvision on March 25, 2009

Is the EU is becoming a money grubbing and corrupt joke. MEP Dan Hannan shares his thoughts:

Posted in Chuck Norton | 1 Comment »

England’s Rant of the Year – “England out of other peoples money’

Posted by iusbvision on March 25, 2009

England rebelling against the politics of debt and reckless spending.

Daniel Hannan speaking on behalf of fiscal sanity –

The Bank of England has broken a long standing rule. The bank has opined on governemnt policy. Quite frankly it has said that the government has spent itself into oblivion.

UK Daily-Mail:

The Bank of England and No.10 at war: We can’t afford Budget spending spree, Governor tells Brown

By Sam Fleming and Benedict Brogan
Last updated at 1:47 AM on 25th March 2009

The Governor of the Bank of England stunned Downing Street yesterday by warning against a giveaway Budget next month.

Mervyn King said public finance deficits were too high for big tax cuts or bumper spending increases on April 22.

The extraordinary warning to Gordon Brown not to blow billions on a second ‘fiscal stimulus’ came perilously close to breaching the convention that the head of the Bank does not question Government policy.

Posted in Chuck Norton, Economics 101, Government Gone Wild | Leave a Comment »

Real Capitalism vs. Political Market Capitalism

Posted by iusbvision on March 25, 2009

Will Wilkinson has a great column on real capitalism vs. political market capitalism. This is a valuable lesson that universities should teach, but don’t. This is convenient for politicians because when they engage in political market capitalism, and it all goes to hell, they blame real capitalism for the problem and the solution is of course, more political market capitalism.

Wilkinson excerpt:

wilkinsonPolitical markets — less enabled by government than made by it — operate according to fundamentally different, and less trustworthy, principles. Propped-up by subsidy, structured by central diktat and created ex nihilo by edict, political markets may arise from noble aspirations but in the end are instruments always of the privileged and powerful.

Take contemporary financial markets. (Please!) These are not so much regulated by government oversight as they are constituted by the convoluted web of regulation that dictates who may sell what to whom and on what terms. The shape of our financial markets has emerged from the gradual accretion and rare subtraction of political intervention. But it is now brutally clear that financial markets are not stable simply because they are framed by law and watched by bureaucrats. It is not so hard to see why.

In political markets, the battle for competitive advantage is in part a battle over the rules of the game. That, in turn, is a battle for the hearts of minds of regulators, who generally know less, and are far less motivated, than the industry insiders they regulate. It is no surprise when regulators come to confuse the interests of the powerful (for whom they might someday wish to work, after all) with the interests of the public. As we have recently witnessed, the heavily regulated nature of our financial markets did not keep them from going haywire and taking the entire economy down with them.

Posted in Chuck Norton, Corporatism, Economics 101, Mortgage Crisis, Obama and Congress Post Inaugration | Leave a Comment »