Oops! Sorry Kids… Obama Forgot to Tell College Students He Cut Pell Grants Before Election. When asked about this President Urkel said “Did I do that?”

{ 19 comments… read them below or add one }

Ruben November 29, 2012 at 7:08 pm

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…But will these drunken potheads – whose interminable childhoods cloud their judgement – even notice?

Not so silent November 29, 2012 at 7:38 pm

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They will when they can’t finish their degree in Transgender Flamingo studies……Or their master’s degree in puppets and child molesting.

That Guy November 29, 2012 at 7:57 pm

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In all honesty I would have cut it to 10 semesters. No point in encouraging kids to become professional students. But in this case it’s just another promise broken and lie exposed.

poppajoe49 November 29, 2012 at 8:12 pm

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Meanwhile, creepy Crowley is munching Cheetos and thanking his luck that he finished school before this happened.

Not so silent November 29, 2012 at 10:20 pm

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A degree in aardvark butt sniffing? No wonder he can’t get a job.

poppajoe49 November 30, 2012 at 4:52 am

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If that was his degree, he could get a job, as a vet assistant at a zoo.

whiskeyriver November 30, 2012 at 6:58 am

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That would take too much effort poppa. You know, getting out of bed, putting clothes on, trying to find the door which is hidden by all the empty Cheeto bags. The effort would be too much for poor Crawleys pointy widdle head.

StrinaM November 29, 2012 at 8:38 pm

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Serves those idiots right!

I'm With STUPID November 30, 2012 at 3:35 am
deepthinker November 30, 2012 at 3:39 am

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The lives of fools and idiots. Suckers bought it again. Now that they’ll be working their way through college, who are they going to blame for this SNAFU?

poppajoe49 November 30, 2012 at 4:52 am

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It’s Bush’s fault!

StrinaM November 30, 2012 at 6:55 am

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The evil 1%!

whiskeyriver November 30, 2012 at 7:02 am

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Sandra Fluck. She needed more money for rubbers and birth control pills.

poppajoe49 November 30, 2012 at 7:20 am

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You know what whiskey? I think you have it right, we should use the phonetic spelling for her last name, it is more honest that way.

whiskeyriver November 30, 2012 at 9:56 am

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Thanks poppajoe, I do try. (snicker)

perlcat November 30, 2012 at 10:28 am

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You mean ol’ TrampStampChampVamp?

I'm With STUPID November 30, 2012 at 9:08 am

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Harry Reid’s salary. He shouldn’t be able to afford to live in the most expensive hotel in DC with the taxpayers’ money.

danybhoy November 30, 2012 at 2:44 pm

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His salery? Look at his corrupt buisness dealing in Nevada. Some of which involve his crooked son Rory, who is heavily involved in NV state politics. Many of the things involve property deals & zoning, this is from Natl Review…

How Did Harry Reid Get Rich?
His career in public service has ended up being remarkably lucrative.
By Betsy Woodruff

Try this thought experiment. Imagine that someone grows up in poverty, works his way through law school by holding the night shift as a Capitol Hill policeman, and spends all but two years of his career as a public servant. Now imagine that this person’s current salary — and he’s at the top of his game — is $193,400. You probably wouldn’t expect him to have millions in stocks, bonds, and real estate.

But, surprise, he does, if he’s our Senate majority leader, whose net worth is between 3 and 10 million dollars, according to OpenSecrets.org. When Harry Reid entered the Nevada legislature in 1982, his net worth was listed as between $1 million and $1.5 million “or more,” according to the Las Vegas Review-Journal. So, since inquiring minds inquire, let’s try to figure out how Reid’s career in public service ended up being so lucrative. He hasn’t released his tax returns, which makes this an imperfect science, but looking at a few of his investments helps to show how he amassed his wealth.

In 2004, the senator made $700,000 off a land deal that was, to say the least, unorthodox. It started in 1998 when he bought a parcel of land with attorney Jay Brown, a close friend whose name has surfaced multiple times in organized-crime investigations and whom one retired FBI agent described as “always a person of interest.” Three years after the purchase, Reid transferred his portion of the property to Patrick Lane LLC, a holding company Brown controlled. But Reid kept putting the property on his financial disclosures, and when the company sold it in 2004, he profited from the deal — a deal on land that he didn’t technically own and that had nearly tripled in value in six years.

When his 2010 challenger Sharron Angle asked him in a debate how he had become so wealthy, he said, “I did a very good job investing.” Did he ever. On December 20, 2005, he invested $50,000 to $100,000 in the Dow Jones U.S. Energy Sector Fund (IYE), which closed that day at $29.15. The companies whose shares it held included ExxonMobil, ChevronTexaco, and ConocoPhillips. When he made a partial sale of his shares on August 19, 2008, during congressional recess, IYE closed at $41.82. Just a month later, on September 17, Reid was working to bring to the floor a bill that the Joint Committee on Taxation said would cost oil companies — including those in the fund — billions of dollars in taxes and regulatory fees. The bill passed a few days later, and by October 10, IYE’s shares had fallen by 42 percent, to $24.41, for a host of reasons. Savvy investing indeed.

Here’s another example: The Los Angeles Times reported in November 2006 that when Reid became Senate majority leader he committed to making earmark reform a priority, saying he’d work to keep congressmen from using federal dollars for pet projects in their districts. It was a good idea but an odd one for the senator to espouse. He had managed to get $18 million set aside to build a bridge across the Colorado River between Laughlin, Nev., and Bullhead City, Ariz., a project that wasn’t a priority for either state’s transportation agency. His ownership of 160 acres of land nearby that stood to appreciate considerably from the project had nothing to do with the decision, according to one of his aides. The property’s value has varied since then. On his financial-disclosure forms from 2006, it was valued at $250,000 to $500,000. Open Secrets now lists it as his most valuable asset, worth $1 million to $5 million as of 2010.

How Reid acquired that land is interesting, too. He put $10,000 into a pension fund his friend Clair Haycock controlled, to take over the 160-acre parcel at a price far below its assessed value. Six months later, Reid introduced legislation that would help Haycock’s industry, a move many observers said appeared to be a quid pro quo, though Reid and Haycock denied that the legislation was the result of a property deal.

We don’t know how much more money Reid has or how he made all of it. For that, we’d have to see his tax returns.

— Betsy Woodruff is a William F. Buckley Fellow at the National Review Institute.

I'm With STUPID December 1, 2012 at 2:53 am

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O refuses to sign a bill that doesn’t have tax increases. That means he refuses to sign a bill that doesn’t kill jobs. R’s need to use this.