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Beck on disputed claim of White House "threaten[ing]" hedge fund: "It's Brown Shirt stuff"

May 05, 2009 7:52 am ET

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    • Author by neon desert (May 05, 2009 9:30 am ET)
      1  
      Glen Beck is brown trouser stuff.
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    • Author by harley (May 05, 2009 9:59 am ET)
      1  

      Shouldn't he be crying or waving his teabags?
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    • Author by markbfoot199 (May 05, 2009 10:12 am ET)
        2
      So when Obama came out and said that the hedge fund managers were not sacrificing enough, (oh wait why is the President even involved in a public company in the first place), he was calling them out individually at that point. Sound like to me that the President did threaten them, why did he call them out, so they would feel the heat of the press. Lets start from the beginning on this anyway, it is none of the Presidents business who and who does not agree in a public companies contract negotiations. To make sure I am correct on that statement, I was reading over my pocket Constitution and it did not say anything about the government telling public business how to negotiate a contract. These are business owners, unions and investors involved in these negotiations, that is why it is called negotiations, different parties sit down and work out what is best for all, not best for one. These hedge fund individuals put in billions to help Chrysler, how much has the government put in zero, the government does not make money, they take our money, so they really have no seat at the table. Also, what did the unions give up? Oh wait; they get a cut of the ownership that sounds like getting not giving. So the only folks that need to sacrifice are the Hedge Fund managers? This whole Chrysler mess is wrong is so many ways.
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      • Author by captfoster2 (May 05, 2009 10:39 am ET)
        2  
        "So when Obama came out and said that the hedge fund managers were not sacrificing enough,"

        Well... since the laws were changed over the years by Republicans and conservative Democrats for hedge fund managers to even be part the problem...

        What I saw is a president that realizes that the jobs they do are part of the reason we are in the economic mess we're in today!

        What President Obama did was a threat! Darn right it was... it was a threat to all those economic geniuses that their gravy train is going to be short lived now that he was elected president by 73 million Americans with an approval rating hovering around 70% or so...

        Because quite frankly... I think I can say and I'm not alone here when I say "I'm tired of all these Gordan Gecko types running around thinking they're poop don't stink!"

        markbfoot199... you do realize that government regulations actually saves capitalism from its own destructive self... right?
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        • Author by neon desert (May 05, 2009 11:19 am ET)
          1  
          markbfoot199"...that is why it is called negotiations, different parties sit down and work out what is best for all, not best for one."

          I doubt anyone who understands THAT to be the reality of financial negotiations actually realizes monopolies, collusion, leveraged buy-outs, price-fixing, intellectual suppression... much less the tendency for unregulated capitalism to create its own virtual slave-state.
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      • Author by harley (May 05, 2009 10:46 am ET)
        1  
        Sound like to me that the President did threaten them, why did he call them out, so they would feel the heat of the press.

        Please explain how this is a "threat".

        We'll wait....
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      • Author by solon (May 05, 2009 10:56 am ET)
        2  
        Your post is ludicrous. Saying they are not sacrificing enough is not a threat. Typical wingnuts. The financial institutions tank the economy and you want to know how much the working man is going to kick in above and beyond their taxes to fix it.
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      • Author by historygeek001 (May 05, 2009 12:01 pm ET)
           
        Do you know what "threat" means?
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      • Author by harley (May 05, 2009 12:28 pm ET)
           
        Corporate Hedge Fund Lawyer Who Attacked Obama Now Clams Up: ‘I Have No Comment’

        Tom Lauria, a lawyer representing “a small group of speculators” who forced Chrysler into bankruptcy because they wanted a few more cents on the dollar, made a stunning allegation against the Obama White House on a conservative talk show last Friday.

        Lauria claimed that one of his former clients — Perella Weinberg — withdrew its opposition to the government deal because the White House threatened “that the full force of the White House press corps would destroy its reputation if it continued to fight.”

        Lauria was not a first-hand witness to the alleged threat. Both the parties involved — the White House and Perella — disputed Lauria’s accusation. Nevertheless, ABC’s Jake Tapper reported Lauria’s claims, and his story was propagated on Fox News and Rush Limbaugh’s show.

        The right-wing media will undoubtedly continue pushing the story, despite the fact that there are now no sources who say it is credible or defend it.

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    • Author by eniobob2631 (May 05, 2009 11:06 am ET)
         
      They must have one heck of a :green room:,at fox studios.These people are on something that,can't be bought on the street.
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    • Author by whillenbrand (May 05, 2009 11:37 am ET)
      1  
      At first I was doubtful about this threatening stuff, but now that Beck has stated he had "friends in the room" when threats were made- Well, that's good enough for me to believe this story.
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      • Author by Easy to refute wingnuts (May 05, 2009 11:49 am ET)
        1  
        I don't know if I can believe that Beck has friends.
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    • Author by pete592 (May 05, 2009 11:54 am ET)
      1  
      Uh-oh. It looks like Lauria's got himself in pretty deep and is starting to leave Fox News out in the cold:

      Lauria was asked eight separate times in two appearances on Fox to explain his earlier comments. And eight separate times, he refused to stand by his story.
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    • Author by ThinkR (May 05, 2009 2:33 pm ET)
         
      I think its good Beck is getting the word out, why are we spending so much money? I don't like that we are gonna owe in the trillions when all this spending is over, if its ever over.
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      • Author by historygeek001 (May 05, 2009 2:53 pm ET)
           
        Where were you when Bush spent the surplus Clinton left him? Or when Bush didn't include Iraq in the budget? Or when Bush deregulated the banks? Or when $8.8 billion in cash disappeared in Iraq? Or when Bush cut taxes in a time of war?
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        • Author by ThinkR (May 05, 2009 3:43 pm ET)
             
          Hey I'll be honest I wasn't into watching the news, and learning about what is going on in the economy, when Bush was in office because I didn't think too much about it but now that I see and hear about whats going on now and hearing about Bush's bad spending too, I think both dems and reps are to blame for this whole mess. I will say this though spending 789B stimulus, 400B Omnibus bill w/ 9000 earmarks (which I remember Obama saying when he is in office he will go line by line and stop earmarks), 3 trillion dollar budget, and now he wants to give out money for college, one question how are we gonna pay for this? How are our kids, grandkids, and great grandkids gonna pay for this? Its been over 100+ days and he is spending way too much, this spending is worrying me, cause money isn't infinite.
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          • Author by foghornleghorn (May 05, 2009 6:14 pm ET)
               
            hearing about Bush's bad spending too,

            There's a difference. Bush's spending was on an unnecessary war. Obama's trying to save an economy wrecked by Republican policies. Look up how we emerged from the Great Depression.
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            • Author by ThinkR (May 06, 2009 1:15 pm ET)
                 
              Actually the sub-prime mortgages wrecked it, since people took house loans they couldn't afford and banks had to stop giving out credit, that froze up not only the housing market but the credit too, no credit for homes, credit cards, etc.. so then the banks also had a ton of losses from the bad loans, and then wall street saw this and tumbled. So basically I doubt the Republicans were behind it but they sure enough didn't help out fix the problem either, just like what's going on now, so basically we built a ton of money on credit. Wait all this borrowing from China and printing money, isn't that building more foundation on credit too, wonder how long Obama thinks that's gonna last?
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