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Thread: Joe Biden

  1. #276
    Thailand Expat Boon Mee's Avatar
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    Quote Originally Posted by venturalaw View Post
    Quote Originally Posted by Boon Mee View Post
    "Rove also said few presidents would spend a long time with anybody in the Oval Office, particularly "with all due respect, a blowhard like Joe Biden."

    Rove Calls Biden 'Liar' After VP Boasts of Scolding Bush - First 100 Days of Presidency - Politics FOXNews.com

    Heh...no shit. Just who are these idiots that voted BO & Mad Joe into office anyhow?
    The same ones who almost put AlGore into the Oval Office.
    And they said Dubya was bad! Imagine the hypocrisy quotient if that jerk became POTUS...

  2. #277
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    ^ Fek, the US would have been spending trillions to re-ice the polar caps.

  3. #278
    Thailand Expat Boon Mee's Avatar
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    Heh...

    Double take. Joe Biden is less popular than Dick Cheney. Well, in the first half year of the first term that is.
    A slim 51 percent of Americans have a favorable view of Vice President Biden. Cheney was at 58 percent in July 2001. Al Gore, 55 percent in April 1993. The veep comparison comes courtesy of the Pew Research Center's latest report.


    VP-Shock: Biden Less Popular than Cheney - Real Clear Politics - TIME.com


    Within a year we'll see where BO is less popular than Dubya as well!
    A Deplorable Bitter Clinger

  4. #279
    Thailand Expat raycarey's Avatar
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    nice work, joe.

    In the Democratic Party’s courtship of Arlen Specter, no one may have played a bigger role than Vice President Joe Biden.

    Biden has been trying to convince Specter to switch parties for at least the past five years, but those efforts were stepped up once he was sworn in as vice president, a senior White House official said.

    Biden has met or spoken on the phone with Specter an average of once a week since the Inauguration. And after Specter became one of three Senate Republicans to support the administration’s stimulus package, those conversations were increased.
    Biden: Specter 'significant difference' - Carol E. Lee - POLITICO.com

    the front burner issue in the coming months will be health care and specter's vote can be counted on for that.
    americans want affordable, universal health care, and specter's vote will likely prevent the obstructionist, far right republicans from filibustering the legislation, and the dems also won't have to use a parliamentary procedure unfamiliar to casual observers...it will be an open and public, straight vote.

    specter's far too much of a hawk for my liking, but obama will eventually clean up the fiasco in iraq....this move was all about health care.
    Last edited by raycarey; 29-04-2009 at 07:51 PM.

  5. #280
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    But, but, but Rove is such a believable, non-partisan man

  6. #281
    Thailand Expat raycarey's Avatar
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    biden said something stupid today about avoiding public transportation, but this is potentially a far bigger story...

    Is Joe Biden Associated With A Fund Of Funds Feeder Scam?


    Zero Hedge is always happy to discover something rotten in the state of capital markets. We are even happier when others dig independently and come up with their own startling conclusions. Tonight - we are very happy. John Hempton, who writes the insightful blog Bronte Capital, has done some amazing dot connecting in what, if true, and not swept promptly under the carpet by the powers that be, could expose a hedge fund scandal that could rival the Madoff fiasco, for the simple reason that it implicates none other than Barack Obama's right hand man: Joe Biden. The fund in question is Paradigm Capital, a fund of funds, that is controlled by Hunter and James Biden, the VP's son and brother, respectively.

    The full story is quite intricate but very much worth it. In putting the facts together, Hempton had a temporary brush in with "the adversary's" legal counsel, only the be vindicated when his initial subject, Ponte Negra Capital, ended up having its assets formally frozen by the SEC. But it does not end there. As Hempton lays it out best:
    Firstly the [Paradigm] business was not started by the Bidens – it was purchased by them. It was started by Dr James Park. When the Bidens purchased the business they believed it to have 1.5 billion of funds under management. This little section from an affidavit signed by James Biden (the VP’s brother) is revealing. The affidavit is here.
    (a). The Paradigm Hedge Funds had only between two and three hundred million dollars under management, which were leveraged to over five hundred million, not the more than $1.5 billion under management represented to us by Lotito and Fasciana.


    (b) The returns on the Paradigm Hedge Funds were not as represented to us by Lotito and Fasciana; and (with editing)


    (d). The primary manager of the funds, Dr. James Park, had an apparent substance abuse problem and had been an absentee manager for several years...
    Now please put this in perspective. The Bidens – mostly through failure to do proper due diligence – seem to have wound up in control of a fund of hedge funds which they claim (in sworn affidavit) that


    • Had less than a fifth the funds under management that they represented to their customers,
    • Had misrepresented their returns and
    • Had a primary manager who had “an apparent substance abuse problem”.


    Now if you were told a fund manager only had a fifth the funds that he represented to the world, had misrepresented his returns and had a primary manager with a substance abuse problem what you say it is?


    Whatever – it quacks.


    Now this affidavit was signed 13 April 2007. I presume it is the truth otherwise James Biden is guilty of perjury.


    The affidavit is signed a few months after Hunter Biden resigned as the CEO of Paradigm Global – a position he took up in late 2006.


    Now I am going to give you one more detail. In 2006 Paradigm represented that they had 28 staff. They represented that they had offices in multiple cities including a largish office in New York on Fifth Avenue. I have uploaded a few of their marketing documents here and here and here.


    Two hundred to three hundred million in funds under management would represent less than 5 million in revenue and probably less than 3 million after any third party costs. Most funds of funds of that period took a percentage of the performance fees – and given the performance of the funds the revenue would have been less than 1% of net funds under management however Paradigm's fee structure was somewhat higher suggesting revenue about 5 million per annum.


    With 28 staff mostly in New York and (according to this marketing document) with representative offices in Los Angeles, Monte Carlo and Tokyo you can’t make this business work very well.


    Of course you could make it work if all the staff members were paid well under $70 thousand dollars (which does not seem likely in finance in New York, Los Angeles, Tokyo and Monte Carlo). You could also make it work if you subsidized it.


    None of this would allow the senior manager to fail to show at the office and indulge a drug habit (as sworn by James Biden).


    Now go back and look at this marketing document. It contains a few staff members on the marketing side. Alla Babikova is still given as an email contact on the Paradigm website. She is also listed on this document as working for Onyx Capital. Onyx was the marketer of the allegedly fraudulent Ponta Negra hedge fund. Onyx – or at least staff that worked for Onyx – were also marketers of Stanford.


    Jeffrey Schneider is the contact on this document from the allegedly fraudulent Ponta Negra fund. He was the founder of Onyx.


    I see lots of possibilities: all of them reflect very poorly on the Bidens.
    • They were and remain controllers of a fund of funds which they allege misrepresented its returns and yet which they kept operational.
    • They were and remain controllers of a fund of funds which houses an alleged fraud in its offices (Ponta Negra).
    • They were and remain controllers of a fund of funds which employed a marketing organisation (Onyx) which was associated with distributing alleged frauds (Ponta Negra and Stanford).
    • They were and remain controllers of a fund that claimed to have 28 staff many of whom are difficult to trace and where the revenue to fund those staff did not obviously exist. This suggests that either the staff were not paid, did not exist or (more sinisterly) they were paid by stealing from the small amount of funds under management. You could only steal the client money if the asset custody safeguards were not robust. There is an audit statement on the SEC files qualified as to the robustness of these protections – however there is no evidence that the lack of robustness was exploited.

    All of this was done from the 17th Floor of 650 Fifth Avenue New York. There are a few other things housed on that floor and you need to walk past Paradigm’s desk to get to them.
    There is much more to this story, and for the whole sequence please go here, here, here, here and here, in that order. Makes for one hell of a late night thriller, and if the author is correct, Vice President Biden, by implication, could soon find himself in the shoes of Walter Noel of Fairfield Greenwich.

    Regardless, it is only a matter of time before Joe Biden ends up on the list of people in which the president has 100% confidence.
    Zero Hedge: Is Joe Biden Associated With A Fund Of Funds Feeder Scam?

  7. #282
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    Last edited by Jet Gorgon; 28-05-2009 at 05:06 AM.

  8. #283
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    And again:

    Biden says 'everyone guessed wrong' on jobs number



    Sun Jun 14, 2:25 pm ET
    WASHINGTON – Vice President Joe Biden said Sunday that "everyone guessed wrong" on the impact of the economic stimulus, but he defended the administration's spending designed to combat rising joblessness.


    Biden says 'everyone guessed wrong' on jobs number - Yahoo! News



    Immagine the reaction of the mainstream media if Cheney had made a statement regarding a Bush policy being based upon a 'guess.'

  9. #284
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    I saw Joe baby on Meet the Press last Sunday. The boy needs a haircut, and didn't he used to wear a wedding ring? Actually, he looked like he just hiked it from a brothel.

  10. #285
    Thailand Expat Boon Mee's Avatar
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    Jolly Joe Biden: Less Popular than Darth Cheney?


    Heh...did you know that Mad Joe Biden is even less popular than was the freshman Veep Dick Cheney. From a recent Gallup poll:
    Biden's unfavorable rating in the new poll is 40 percent, up from 29 percent last November.
    Biden's average favorable rating during his time in office so far is 45 percent -- well below the average 65 percent favorable rating forVice President Dick Cheney during Cheney's first year in office.

  11. #286
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    Quote Originally Posted by venturalaw View Post
    And again:

    Biden says 'everyone guessed wrong' on jobs number

    Sun Jun 14, 2:25 pm ET
    WASHINGTON – Vice President Joe Biden said Sunday that "everyone guessed wrong" on the impact of the economic stimulus, but he defended the administration's spending designed to combat rising joblessness.
    The campaign to "create" jobs by the federal government I have never bought not agreed with.

    Yes, some jobs have been extended and created by it - government jobs.

    This stimulus was a corrupt waste of money. It sounded good to some of the masses.

    "I guess I was wrong."

    Sounds like the administration, Bernanke, and most of the "economic experts."
    ............

  12. #287
    Thailand Expat raycarey's Avatar
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    Quote Originally Posted by Milkman
    This stimulus was a corrupt waste of money.
    how was it 'corrupt'?

  13. #288
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    Quote Originally Posted by raycarey View Post
    Quote Originally Posted by Milkman
    This stimulus was a corrupt waste of money.
    how was it 'corrupt'?
    Corrupt in 1. who got the funds, and 2. how it was dished out.

    My hometown had a lot of fighting and brokering, and then accusations.

  14. #289
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    3Q economic growth at 3.5% was mostly due to the Stim.

    I'll never agree with all the measures taken, and you can be sure that not all funds allocated went to where they would be most efficiently deployed- that is inevitable given the size and scope of the excercise, and the usual political lobbying and pork barreling.

    But Obama was quite correct in what he said earlier this year- the economic effects of the Stim would be seen in the economy during the third quarter. My jury is still out, but if meaningful economic growth is maintained in 4Q, my overall assesment will be that it was a success.

    But either GM or (probably) Chrysler should have been let go, and I think the Obama admin should have driven a tougher deal with the banks- it's really galling to see the likes of Goldman Sachs and their traders raking in billions, and the government and Taxpayers that bailed their sorry asses out so recently gets no upside from it beyond the Loan being repaid.

  15. #290
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    Quote Originally Posted by Milkman View Post
    Quote Originally Posted by raycarey View Post
    Quote Originally Posted by Milkman
    This stimulus was a corrupt waste of money.
    how was it 'corrupt'?
    Corrupt in 1. who got the funds, and 2. how it was dished out.

    My hometown had a lot of fighting and brokering, and then accusations.
    So you think a large tax cut for would have been the better measure? Only two ways to go when you have a deep recession - government stimulus or tax cuts.
    The stimulus has not lived up to expection on job creation. Maybe deep tax cuts would have been better???

  16. #291
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    No. Get the Dems outta govt control and let the people get back to business.

  17. #292
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    Quote Originally Posted by sabang View Post
    3Q economic growth at 3.5% was mostly due to the Stim.

    I'll never agree with all the measures taken, and you can be sure that not all funds allocated went to where they would be most efficiently deployed- that is inevitable given the size and scope of the excercise, and the usual political lobbying and pork barreling.

    But Obama was quite correct in what he said earlier this year- the economic effects of the Stim would be seen in the economy during the third quarter. My jury is still out, but if meaningful economic growth is maintained in 4Q, my overall assesment will be that it was a success.

    But either GM or (probably) Chrysler should have been let go, and I think the Obama admin should have driven a tougher deal with the banks- it's really galling to see the likes of Goldman Sachs and their traders raking in billions, and the government and Taxpayers that bailed their sorry asses out so recently gets no upside from it beyond the Loan being repaid.


    On The Cover/Top Stories

    Did Goldman Goose Oil?

    Christopher Helman and Liz Moyer, 03.25.09, 06:00 PM EDT
    Forbes Magazine dated April 13, 2009

    How Goldman Sachs was at the center of the oil trading fiasco that bankrupted pipeline giant Semgroup.

    When oil prices spiked last summer to $147 a barrel, the biggest corporate casualty was oil pipeline giant Semgroup Holdings, a $14 billion (sales) private firm in Tulsa, Okla. It had racked up $2.4 billion in trading losses betting that oil prices would go down, including $290 million in accounts personally managed by then chief executive Thomas Kivisto. Its short positions amounted to the equivalent of 20% of the nation's crude oil inventories. With the credit crunch eliminating any hope of meeting a $500 million margin call, Semgroup filed for bankruptcy on July 22.


    Did Goldman Goose Oil? - Forbes.com



    And this doesn't have an effect on the price of oil? I haven't read the entire article. I read this stuff and I get sick. It appears when it got out on the street that Semgroup was short at $96 and couldn't cover the sharks bid oil even higher. While they were butchering Semgroup we paid the price at the pump. Is that right?

  18. #293
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    Quote Originally Posted by attaboy
    It appears when it got out on the street that Semgroup was short at $96 and couldn't cover the sharks bid oil even higher.
    Thats right- it's called a bear squeeze.
    And when it became apparent that Lehmans were in trouble, exactly the same thing happened- the other investment banks, esp. Goldman & Morgan Stanley, bet against them- both making their demise inevitable, and making money on it.

  19. #294
    Thailand Expat Boon Mee's Avatar
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    Biden Pardons Single Yam In Vice Presidential Thanksgiving Ritual

    November 25, 2009

    WASHINGTON—In keeping with a longstanding Thanksgiving tradition, Vice President Joe Biden ceremonially pardoned a 4-pound yam today at a ceremony in the White House Rose Garden. "Under my authority as vice president of the United States of America, I hereby grant this yam full and unconditional clemency," a smiling Biden declared as he gently patted "Spud," a Beauregard sweet potato grown in Louisiana and selected from millions of candidates yielded by this year’s harvest. "May he never find himself in a casserole. Right, little guy?" Like yams reprieved before him, Spud will ride as an honored guest aboard the second float of the Disneyland Thanksgiving Day Parade before spending the rest of his life in the comfort and safety of a tuber petting zoo.

    Heh...BO shoulda pardoned Biden for being a top-drawer Turkey himself...

    Source

  20. #295
    Thailand Expat Boon Mee's Avatar
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    Americans are stupid. They don’t understand.

    ‘It’s just too hard to explain our failed policies.”


    Bloomberg reported:
    Biden, in the interview, called Republican criticism “phony” and said the Labor Department report “shows how wrong they were” in limiting assistance for states. He said more jobs would have been created if Republicans had approved an additional $150 billion originally in the stimulus and the creation of an infrastructure bank.

    Democrats aren’t running on the administration’s accomplishments like health-care and financial-regulatory overhaul and the stimulus because “it’s just too hard to explain,” Biden said. “It sort of a branding, I mean you know they kind of want the branding more at the front end.”

    We get it OK...you're gonna be out of a job come 2012

  21. #296
    Thailand Expat Boon Mee's Avatar
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    On Tuesday Obama was trying to collect his paper route money, today he had Biden doing it. Obama has collected hundreds of millions this election cycle via big donor fundraisers and they’re still looking for a $3 handout…



    There’s only one way to wake up the morning after an election — with no regrets.
    There’s only one way to be sure that’s how you wake up on November 3rd: giving everything you’ve got in the last five days.
    That’s why I’m out there day after day, doing exactly what you’re doing — talking to voters.
    These kinds of conversations are the most effective thing we can do in a campaign — you know it. I know it. They’re how we brought change to this country after years of Republican malarkey. They’re how we won the White House.
    I know what you’re doing is working because, when I’m on the road or the President’s on the road, the crowds are fired up and ready to go. I’m seeing positive signs everywhere, and millions of our supporters — including tens of thousands who have never voted before in a midterm election — are voting early.
    But we have less than a week left, and we need everyone to dig deep.
    Because none of us is alone in this work, Organizing for America is pairing every grassroots donor who gives this week with another individual giving the same amount. All of us want to make an impact in these final five days, and this is a way to double it.
    Please chip in $3 or more right now.
    I’d never bet against this movement.
    Thanks for all you do,
    Joe Biden



  22. #297
    Thailand Expat Boon Mee's Avatar
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    Vice President of the United States of America Joe Biden to...Keith Olbermann:
    … ‘I just come across like I’m angry and out of control, and you seem to focus it and make it look useful and expressive.’…




  23. #298
    Thailand Expat Boon Mee's Avatar
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    Poor Joe

    Osama Bin Laden didn’t think he was worth offing:

    US officials have revealed that Osama bin Laden’s diaries contain the rather startling conclusion that he didn’t think Vice President Joe Biden was worth bumping off (hat tip: a tweet from my New York colleague Jon Swaine).
    According to ProPublica, the Obama administration is briefing that Barack Obama was bin Laden’s the “top target” (no surprise there) while “military chiefs like the chairman of the Joint Chiefs of Staff, the defense secretary” were also major scalps.
    But Joe Biden’s scalp (hair plugs and all)? Apparently, not so much. A counterterrorism official said: “There is a note indicating that the vice president is not an important target because that position has less weight.”
    To be fair, it seems that Uncle Joe was not mentioned by name and the al-Qaeda leader tied the comment to the constitutional weakness of the vice-presidency rather than the antics of the garrulous current occupant.
    But one does suspect that bin Laden might have rather liked to have got Dick Cheney"

    Gee, ya think?

  24. #299
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    Mad Joe Compares Himself To King George VI


    Bozo the clown is more to the mark...

    — Vice President Joe Biden may have managed to cure his own stammer but he still appears to be pathologically incapable of speaking of his own accomplishments without exaggerating. In an address he made today to students at Sichuan University in China today (full text, as emailed out by the White House, here), he stated that he has had “an opportunity to literally meet every major world leader in the last 38 years”.The statement came in response to a questioner who praised him as an “accomplished public speaker” and asked him about the role public speaking had played in his life. First, Biden compared himself to King George VI, apart from “the royal blood and the money”:
    I don’t know whether you’ve had an opportunity to see a movie that has gotten worldwide circulation called “The King’s Speech”. Well, but for the royal blood and the money, that could have been me. I was a serious stutterer when I was in school as a child, as a high school student, and even into college. And I practiced very, very hard by myself, standing in front of a mirror, trying to annunciate without contorting my face.


    Joe Biden says he has been able 'to literally meet every major world leader in the last 38 years' – Telegraph Blogs

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    Quote Originally Posted by Boon Mee
    bin Laden might have rather liked to have got Dick Cheney
    I think most of the US would rather like to get Dick Cheney.

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