Midknight Review -- new and revised: Turns out "Insider trading" has more to do with who you know in the Obama Administration than any market oriented definition.

These two headlines make the point of this post:

GE reports 21.6% rise in profit, $3.8B... FLASHBACK: Paid no tax on $5.1B profit...

Understand Jeffery Immelt is both the head of GE and the chairman of Obama's council on jobs/hiring. As an insider to Obama and his stash of cash, Immelt is milking the Administration for all it is worth and Obama, the quintessential novice, has no clue he is being used. Last year, GE paid no taxes on 3.4 billion in profits and this year, GE is off to a great start, increasing profits over last year by nearly 25%.

Immelt has the inside track to the green contract for all electric engines running the new windmill farms that are a part of the dream world existing in Obama's mind. Of course, we know that none of this will actually happen but an "inside track" is an "inside track." At least, he and his do not have to pay taxes.

Also, as a member of Obama's jobs council, Immelt, head of GE (did we already say that?) has sent nearly half of all jobs created for GE over-seas !! Talk about crony Marxist/capitalism, Obama is writing the book on this.

Point of post: we are finding that Obama is just as unprincipled as any politician in recent memory including Richard Nixon.

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

Turns out "Insider trading" has more to do with who you know in the Obama Administration than any market oriented definition.

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