Archive for February 2nd, 2012

February 2, 2012

Mitt Romney Supports Automatic Increases in Minimum Wage

Romney RINO?

Romney RINO?

Republican presidential contender Mitt Romney renewed his support Wednesday for automatic increases in the federal minimum wage to keep pace with inflation, a position sharply at odds with traditional GOP business allies, conservatives and the party’s senior lawmakers.

“I haven’t changed my thoughts on that,” the former Massachusetts governor told reporters aboard his chartered campaign plane, referring to a stand he has held for a decade.

He did not say if he would ask Congress to approve the change if he wins the White House this fall.

Congress first enacted federal minimum wage legislation in 1938 and has raised it sporadically in the years since. The last increase, approved in 2007, took effect in three installments and reached $7.25 an hour for covered workers effective July 24, 2009.

via Mitt Romney Supports Automatic Increases in Minimum Wage | TheBlaze.com.

February 2, 2012

EDITORIAL: Islamic flag over the White House

Islamists say the Koran is destined to rule America. In fact, the Muslim takeover of the White House is not just an unfolding action plan but a directive from Muhammad himself.

In an interview Sunday on ABC’s “This Week,” British radical Muslim activist Anjem Choudary made clear what he and his Islamist brothers have planned for the West. “We do believe, as Muslims, the East and the West will one day be governed by the Shariah,” he said. “Indeed, we believe that one day, the flag of Islam will fly over the White House.” He then quoted a hadith, or saying of Muhammad, as related by 10th-century Muslim scholar Al-Tabarani, that “the final hour will not come until Muslims conquer the White House.” Another version of the saying goes, “A small portion of Muslims will rise and conquer the White House.”

via EDITORIAL: Islamic flag over the White House – Washington Times.

February 2, 2012

NUGENT: Fast and Furious stinks

Ted Nugent

The United States of America has turned into bizarro land. Think of this: Our very own Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), under the direct guidance of the attorney general of the United States – America’s top cop, mind you – not only allowed, but encouraged American gun dealers to sell about 2,000 guns to known punks involved in the drug trade in order to trace the guns to Mexican drug cartels. If you think that’s unbelievably nuts, get a load of this: The suspected goons who bought the guns were not even placed under law enforcement surveillance.

This is analogous to the Drug Enforcement Administration knowingly allowing international dope pushers to sell heroin on American streets without placing the dope dealers under surveillance in hopes that somehow, some way, the dope pushers would enable the DEA to trace the heroin back to some dirty, cave-dwelling Afghan opium poppy farmer so we could then poison the farmer’s poppy fields. Wait a minute, let’s not give this crackpot administration any more loony ideas.

via NUGENT: Fast and Furious stinks – Washington Times.

February 2, 2012

Soros May Benefit From White House’s Natural Gas Proposal

The proposal would offer incentives for companies to buy and use trucks powered by natural gas. Obama announced the effort at a UPS facility in Las Vegas that received stimulus funding to buy natural gas vehicles and build a fueling station for them.

The proposal is remarkably similar to the New Alternative Transportation to Give Americans Solutions (NAT GAS) Act.

One company that stands to benefit handsomely from the president’s proposal is Westport Innovations. The company converts diesel engines to be fueled by natural gas. Wall Street analysts predicted a boom for the company if the NAT GAS Act were passed. CNBC analyst Jim Cramer said he “expects shares to absolutely explode” in the event the legislation were to pass.

Jim Cramer made positive mention of Westport, calling it a solid play on natural gas should Congress pass its pending Natural Gas Act. Westport converts diesel engines (i.e. – those found in semi trailers) into ones that run on natural gas.

Benefiting Westport is that it’s: A) basically first to the market, at least in terms of mass production, and B) high barriers of entry for competition because of the complex technology involved in the transformations.

If Westport reaps the predicted windfall, one of the chief beneficiaries will be George Soros, a major Obama donor and supporter. Soros’s hedge fund holds 3,160,063 company shares (as of its last SEC filing).

Soros has given $384,090 to the Democratic Party, Democratic PACs, and Democratic Candidates in the three election cycles beginning in 2008, including $4,400 to Obama himself, according to the Center for Responsive Politics. He describes himself as “an early supporter of Barack Obama, first in his Senate campaign in Illinois and later when he ran for President. Soros supported Obama in his presidential bid because he believed he could provide the transformational leadership the country needed.”

via Soros May Benefit From White House’s Natural Gas Proposal.

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