Muzzie Arrested in Attempt to Blow Up Federal Reserve

I’m sure this has nothing to do with Islam and is most likely in response to some hitherto unknown YouTube video… 

/sarcasm

Plot to attack Federal Reserve in NYC: Suspect thought he had 1,000-pound bomb, authorities say
NBC News

NEW YORK – A suspected terrorist parked a van packed with what he thought was a 1,000-pound bomb next to the Federal Reserve building in Lower Manhattan and tried to detonate it Wednesday morning before he was arrested in a terror sting operation, authorities said.

The suspect, 21-year-old Quazi Mohammad Rezwanul Ahsan Nafis, is a Bangladeshi national who came to the U.S. on a student visa in January for the specific purpose of launching a terror attack here, authorities said. He allegedly told an undercover agent last month that he hoped the attack would disrupt the presidential election, saying “You know what, this election might even stop,” according to the criminal complaint against him.

“He clearly had the intent of creating mayhem here,” Police Commissioner Ray Kelly told reporters Wednesday, saying his actions went “way past aspirational.”

The complaint said Nafis wrote a statement claiming responsibility for what he thought would be the Fed attack, saying he wanted to “destroy America” by going after its economy. He referred to “our beloved Sheikh Osama bin Laden” in the statement, which was stored on a thumb drive.

[…]

Nafis, who lives in Jamaica, Queens, attended Southeast Missouri State University for a semester, studying cybersecurity as a sophomore from January through May 2012, a school spokesman said. He sought a transfer to a New York City ESL program and left Missouri after the spring, according to a law enforcement official.

He allegedly sought out al-Qaida contacts to help him, unknowingly recruiting an FBI source in the process. At that point, the FBI and NYPD began monitoring him as he developed the plot, prosecutors said.

[…]

Law enforcement officials stress that the plot was a sting operation monitored by the FBI, Homeland Security and NYPD and the public was never at risk. The materials he believed were explosives had been rendered inoperable, officials said.

[…]

Wanna’ See What Employment Growth Looks Like in America?

Nope, this isn’t a growth rate chart, it’s a deterioration chart!  Even the Bureau of Labor Statistics can’t whitewash this one!

It’s really quite scary and I couldn’t help but notice that the signs of destabilization began shortly after the DemonRats took over the House and Senate—and, has just gotten worse under Obama.

Seems we flushed over a trillion dollars down the toilet via both Bush’s and Obama’s Stinkulus packages.  You would think that economists and politicians would have learned by now that Keynesian economics and policies based upon that model are a road map to disaster; but, sadly, no:

Ruh Roh! US Manufacturing Industries Back in Recession

Might I suggest a new catch-phrase for Obama? 

“Deterioration Summer”:

US manufacturing sector back in recession
Health check of US industry gives Barack Obama an election headache
Larry Elliott, economics editor – guardian.co.uk, Monday 2 July 2012

Barack Obama was given an election headache on Monday when the latest health check of US industry revealed that plunging order books sent the manufacturing sector back into recession territory last month.

In a surprise to Wall Street, the monthly snapshot from the Institute for Supply Management fell below the 50 level that separates contracting from expanding output for the first time in three years.

News that the index had dropped from 53.5 in May to 49.7 in June sent shares tumbling in New York and prompted speculation that the US Federal Reserve might step in with fresh measures to boost flagging demand.

[…]

The decline in June was largely the result of sharply weaker order books for US manufacturers – a hint that production will remain at low levels over the months to come.

[…]

Hilarious Commencement Speech for the Class of 2012

It’s funny because it’s soooo true!:

If Commencements Told The Truth
by Pat Archbold Wednesday, May 09, 2012 – National Catholic Register

Congratulations class of 2012.  It is my great pleasure and privilege to address you on this momentous occasion in your lives.

I know today is all about you, so I want to talk about me for a second.  This is also a momentous occasion in my life. Well, not so much momentous as depressing.  As I look out at all your fresh, young, and eager faces a few things come immediately to mind.  First, and this is the me part, I realize how old I am.  I seems like I was you just a moment ago. It is sobering to think that when you were born, the world had already traded in the awesome musical stylings of Mister Mister for Milli Vanilli.  This was a harbinger of things to come if ever there was one, but I can see from your faces you have no idea what I am talking about.

Anyway, this is your day.  Enough about me, I wish to speak about, well, more me.  Not me in particular, but my whole generation of “me’s.”  A moment ago, I said that when I look out at all your fresh, young, and eager faces a few things come immediately to mind.  One, I am old. Two, I owe you an apology.  Me and all the other “me’s” of my generation.  We were your last chance and we blew it.

Most of you are graduating with mountains of debt with little or no prospect of paying it back anytime soon.  This may not seem like a big deal to you, but that is kinda our fault too.  Among the many things we have taught you is that it is perfectly fine to incur huge amounts of debt with no reasonable way to pay it back.  We taught you that you can borrow other people’s money and that when things get rough you can either just walk away or wait long enough for the government to bail you out.  We taught you that it is perfectly fine to live beyond your means only to hand your bills to somebody else.  It isn’t.  Eventually, somebody has to pay.  Guess what?  That somebody is you.  Now, that might not be so bad if there were lots and lots of you to pay for it, just a little for everyone.  But we kinda killed millions of little “yous” in the process, because we thought they might crimp our style.  Our parent’s religion told us not to behave this way, but we were so sure we knew better. I will be the first to admit that we didn’t think that all the way through.  Our bad.

If I Wanted America to Fail I Would…

In celebration of Earth Day, Free Market America has just released this nice little gem which serves to point out how the EPA and Obama are actively and knowingly destroying America:

Obama Friendly BofA Drops McMillan Firearms as a Customer

Saw this on Facebook today and thought I’d share it with you all:

McMillan Facebook Page – Kelly D McMillan

McMillan Fiberglass Stocks, McMillan Firearms Manufacturing, McMillan Group International have been collectively banking with Bank of America for 12 years. Today Mr. Ray Fox, Senior Vice President, Market Manager, Business Banking, Global Commercial Banking came to my office. He scheduled the meeting as an “account analysis” meeting in order to evaluate the two lines of credit we have with them. He spent 5 minutes talking about how McMillan has changed in the last 5 years and have become more of a firearms manufacturer than a supplier of accessories.

At this point I interrupted him and asked “Can I [possibly] save you some time so that you don’t waste your breath? What you are going to tell me is that because we are in the firearms manufacturing business you no longer [want] my business.”

“That is correct” he says.

I replied “That is okay, we will move our accounts as soon as possible. We can find a 2nd Amendment friendly bank that will be glad to have our business. You won’t mind if I tell the NRA, SCI and everyone one I know that BofA is not firearms industry friendly?”

“You have to do what you must” he said.

“So you are telling me this is a politically motivated decision, is that right?”

Mr Fox confirmed that it was. At which point I told him that the meeting was over and there was nothing let for him to say.

I think it is import for all Americans who believe in and support our 2nd amendment right to keep and bear arms should know when a business does not support these rights. What you do with that knowledge is up to you. When I don’t agree with a business’ political position I can not in good conscience support them. We will soon no longer be accepting Bank of America credit cards as payment for our products.

Kelly D McMillan
Director of Operations
McMillan Group International, LLC
623-582-9635

http://www.mcmillanusa.com

Considering that Bank of America is more than quite cozy with the Obama administration, it wouldn’t surprise me in the least to discover Obama and his psychophants somehow involved in all of this…  Just throwing it out there as a possibility…

Another Recipient of Obama’s Green Stinkulus Package Has Executives Living High on the Hog While Company Self-Destructs

Behold, King Obama; the man with the anti-Midas touch!  (Everything he touches turns to crap):

President Obama speaks about business hirings and expanding production because of the Recovery Act investments in the Rose Garden at the White House in Washington, April 30, 2010. President of Itron Malcom Unsworth (L.), from Washington state and David Vieau (R.), president of A123 Systems from Massachusetts were also in attendance.
Larry Downing/Reuters/File

A123 Systems' plunging stock as of March 30, 2012

Eco-Scams Are as Easy as ‘A123’
Yet another “green energy” boondoggle from Obama’s Energy Department.
By Michelle Malkin- NRO

While President Obama was busy lambasting Big Oil tax breaks on Thursday, yet another of his environmental-welfare recipients (the very kind he wants to redistribute oil subsidies to) was teetering on the edge of bankruptcy. Who needs to win the Mega Millions lottery? Start a pie-in-the-sky eco-boondoggle, and a half-billion-dollar jackpot ripe for squandering is all yours!

The Solyndra of the week is A123 Systems, an electric-vehicle battery company based in Massachusetts. The firm also has battery plants in Michigan, where former Democratic governor Jennifer Granholm once heralded A123 as a federal stimulus “success story.” Former House speaker Nancy Pelosi visited the company headquarters and hailed it as a “great example of how Recovery Act funding is helping American companies.” In addition to nearly $300 million in Obama Recovery Act funds, Granholm kicked in another $135 million in tax credits and subsidies to bribe the company to keep jobs in her state.

How’s the return on government investment? This green dud will have taxpayers seeing red. A123’s official company motto is “Power. Safety. Life.” But the firm’s reality is “Out of power. Endangering safety. Clinging to life.”

Earlier this week, the company announced a recall of malfunctioning battery packs manufactured in Livonia, Mich. A123 makes products for Fisker, Chevrolet, and BMW electric cars. Consumer Reports flagged the potentially hazardous defect caused by faulty calibration earlier this month. The recall will cost upward of $55 million.

A Deutsche Bank analyst wrote:

“We no longer have enough confidence that [A123] can raise sufficient capital (without massive equity dilution) and/or continue to augment their book to future business. Recent quality issues may lead to concerns over [A123’s] ability to manufacture with quality at high volumes, potentially leading to customer defections or at least difficulty in procuring new contracts.”

When it rains, it pours. The dead-battery debacle follows news of 125 layoffs in November due to diminished vehicle production by top customer Fisker Auto. That troubled company (into which A123 has itself dumped $20.5 million of stock equity and cash) admitted faulty-wiring problems with its electric cars.

While Michigan workers lost their jobs, Massachusetts executives burned through $155 million in cash this year and the company stock plummeted to just over $1.00. A123 lost a net $172 million over the first three quarters of 2011 and has yet to see a profit. Like Solyndra’s top brass, A123 managers have been living high on the hog and partying it up with Democratic-party bigwigs.

WaPo-ABC News Poll Finds Americans DO Blame Obama for High Gas Prices

I just thought I would highlight this because Obama’s vastly disconnected from reality reelection campaign, just a little over a week ago, swore up and down that the American public would not hold Obama accountable for high gas prices:

Gas prices sink Obama’s ratings on economy, bring parity to race for White House

By Dan Balz and Jon Cohen – WaPo

Disapproval of President Obama’s handling of the economy is heading higher — alongside gasoline prices — as a record number of Americans now give the president “strongly” negative reviews on the 2012 presidential campaign’s most important issue, according to a new Washington Post-ABC News poll.

Increasingly pessimistic views of Obama’s performance on the economy — and on the federal budget deficit — come despite a steadily brightening employment picture and other signs of economic improvement, and they highlight the political sensitivity of rising gas prices.

The potential political con­sequences are clear, with the ­rising public disapproval reversing some of the gains the president had made in hypothetical general-election matchups against possible Republican rivals for the White House. Former Massachusetts governor Mitt Romney and former senator Rick Santorum (Pa.) now both run about evenly with Obama. The findings come just five weeks after Obama appeared to be getting a boost from the improving economy.

Gas prices are a main culprit: Nearly two-thirds of Americans say they disapprove of the way the president is handling the situation at the pump, where rising prices have already hit hard. Just 26 percent approve of his work on the issue, his lowest rating in the poll. Most Americans say higher prices are already taking a toll on family finances, and nearly half say they think that prices will continue to rise, and stay high.

[…]

Taxpayers Have Shelled Out Millions of Dollars to Defend Fannie and Freddie Executives

Considering that Obama’s trillion dollar Stinkulus Package cost American Taxpayers more than it took to send a man to the moon AND build our interstate highway system,  $100 million in legal fees is just a drop in the bucket.  However, remind me again why it is we are shelling out money to DEFEND the very same executives at Fannie and Freddie who helped collapsed our financial system to begin with?:

Legal Fees Mount at Fannie and Freddie
Gretchen Morgenson – NYT

Taxpayers have advanced almost $50 million in legal payments to defend former executives of Fannie Mae and Freddie Mac in the three years since the government rescued the giant mortgage companies, a regulatory analysis has found.

In that time, $37 million has gone to three former Fannie Mae executives accused of securities fraud, according to the analysis by the inspector general of the Federal Housing Finance Agency [FHFA], which oversees both companies.

[…]

“F.H.F.A. and Fannie Mae believe that their options are limited in paying current legal fees for former officers and directors,” [the Inspector General of the FHFA, Steve A Linick,] said in a statement. But he called for greater oversight. The legal costs are the responsibility of taxpayers because of contracts struck by the companies before they collapsed.

[…]

But with legal outlays since 2004 reaching $99.4 million for Franklin D. Raines, Fannie Mae’s former chief executive; J. Timothy Howard, former chief financial officer; and Leanne G. Spencer, former controller, it seems unlikely that the taxpayers will ever recover the money even if some or all of them are found liable.

[…]

The inspector general’s report noted that the legal contracts could have been repudiated when the companies were taken over in September 2008. They were not, though, and taxpayers have covered the costs since then. Taxpayers are also bearing the cost of recent lawsuits by the Securities and Exchange Commission against the top executives who were running the mortgage companies when they failed.

[…]

Administration Fellation Helps Sell Obama’s Cooked Books

Again, I keep coming back to one of my favorite sections in George Orwell’s classic, Animal Farm:

“Meanwhile life was hard. The winter was as cold as the last one had been, and food was even shorter. Once again all rations were reduced, except those of the pigs and the dogs. A too rigid equality in rations, Squealer explained, would have been contrary to the principles of Animalism. In any case he had no difficulty in proving to the other animals that they were not in reality short of food, whatever the appearances might be. For the time being, certainly, it had been found necessary to make a readjustment of rations (Squealer always spoke of it as a “readjustment,” never as a “reduction”), but in comparison with the days of Jones, the improvement was enormous.

“Reading out the figures in a shrill, rapid voice, he proved to them in detail that they had more oats, more hay, more turnips than they had had in Jones’s day, that they worked shorter hours, that their drinking water was of better quality, that they lived longer, that a larger proportion of their young ones survived infancy, and that they had more straw in their stalls and suffered less from fleas.

“The animals believed every word of it.”

America on Verge of Economic Collapse Because of Obama’s Cooked Reports
By Chuck Ness – News Blaze

The Obama administration has released an economic report that claims everything is coming up roses, and it is making the rounds of the MSM’s news outlets. Truth is, when you look into the numbers, it’s rather easy to come to the conclusion that the economic reports are as screwy as the administration’s employment numbers. In order to convince Americans that his economic measures are working, Obama is claiming there has been an increase in retail sales from December to January by a seasonally adjusted .4%. The administration goes on to explain that while the economy is moving in a positive direction, it is still slow. They also point out that the recently reported gains reduced unemployment to 8.3%, proving that Socialist economic policies are working. However, Obama’s unemployment numbers have since been proven to be lies. Have I stated that we are in an election year and that Obama needs to get re-elected in order to continue transforming the greatest country in the history of mankind into a Soviet style basket case? To assist in the destruction, the MSM has been knowingly repeating this administration’s lies.

Instead of reporting how America’s real unemployment is actually up between 19 and 25%, they report that Obama has been able to get unemployment down to 8.3%. Instead of reporting that the government is spending more money than it is taking in, and that retail sales have dropped by almost $100 billion from December to January, we are told by the administration’s propaganda machine that retail sales have increased by .4%. In an election year, the MSM will do everything in their power to convince Americans that Obama is even greater than Ronald Reagan. We will be fed report after report that proves Socialism is the way to go, and that we need to keep Obama in office so that we will never again return to the days of unchecked capitalism that only allowed the top 1% of society to benefit.

Just like the Soviet Union lies to their people by telling them everything is great, we now have an administration that operates the same way. This can only work with a willing and compliant media, such as the Soviet Union had in Pravda. Well thanks to the MSM, a vast portion of the public believe what they are told, and what they are told are pernicious lies. The end game for them is to get the same uneducated Americans who voted for Obama in 2008, to do so again.

[…]

Click HERE to read the rest of this over at NewsBlaze.com