betting against america….

Think Progress: House Minority Whip Eric Cantor has often expressed concern for how Obama administration policies are supposedly a “grave danger to America’s prosperity.” Now, the Wall Street Journal finds that Cantor actually invests in an exchange-traded fund that “takes a short position in long-dated government bonds” – effectively betting against the U.S. Treasury bonds that the government uses to fund its operations:

[Cantor] bought up to $15,000 in shares of ProShares Trust Ultrashort 20+ Year Treasury ETF last December, according to his 2009 financial disclosure statement. The exchange-traded fund takes a short position in long-dated government bonds. In effect, it is a bet against U.S. government bonds – and perhaps on inflation in the future.

If Cantor truly cares about “America’s prosperity,” one would have to wonder why he is literally betting against its financial future. The Washington Independent’s Annie Lowrey adds that “Cantor is not a very canny investor. The fund is down 31 percent this year.”

Thank you bjw2

129 Responses to “betting against america….”

  1. 1 Tally
    June 26, 2011 at 6:06 pm

    Not only is this a conflict of interest where is JOB is concerned, but the bigger question is, HOW IS THIS NOT TREASON???

    • 2 Tally
      June 26, 2011 at 6:06 pm


      • 3 dotster
        June 26, 2011 at 6:17 pm

        I was going to suggest the same thing—“some dare call it treason”. With all these Repubs doing everything they can to destroy the economy so they can destroy Obama and then this disturbing news about one of the Repub House leaders….who has influence on policy investing in funds which bets against U.S. treasury bonds and our financial future, shouldn’t there be consequences?

        • 4 utaustinliberal
          June 26, 2011 at 6:28 pm

          For the WSJ to report this, they must be really pissed off. Eric Cantor has shares in a company that is betting against the US Treasury Bonds. If this isn’t treason, then this is definitely insider trading. This definitely classifies as some form of insider trading because Cantor was involved in the debt ceiling negotiations and was privvy to classified information which he could have shared with the company he’s affiliated with and allowed them to bet in a canny manner. This is pretty much what Goldman Sachs did. Goldman Sachs knew that the bonds they were selling were junk bonds but they went ahead and sold them to individuals and companies so when the bottom fell out of the economy, Goldman Sachs made out like a bandit. Cantor knows that with the nervousness the repubs have created over the debt ceiling debate, and the threat of downgrade from Moody’s, he’s hoping he can run with that and rake in millions. The DOJ and the SEC have got to look into this. The House Ethics Committee have got to look into this. Who does this? Who does this?!!!! No wonder he walked away from the debt ceiling negotiations. Then he has the audacity to accuse President Obama of being unpatriotic and not having Americas’s best interests at heart. According to the article he’s not a very smart investor because the company lost 31% of its stock. Thank goodness. I hope the company’s stock continues to deplete until it goes bust. All of the individuals who have shares in that company are disgusting. How can a person with a conscience knowingly bet against said person’s country’s treasury bonds. I hope all news media outlets lead with this story b/c if there ever was an insider trading scam… then this it.

          • 5 theo67
            June 26, 2011 at 6:35 pm

            Couple this with him swearing his allegiance to Israel over his own President, and one has to wonder what this guy really stands for!

            • June 26, 2011 at 7:38 pm

              Why don’t Cantor move to Israel? They can have him. Looking at that picture of him with that ugly smile and those shades on. I hope the media doesn’t ignore this.

            • 7 Dorothy Rissman
              June 26, 2011 at 7:59 pm

              theo you are right, but I still am angry with the dems. I expect this from him, but not our own party. poopoo heads.

              • 8 africa
                June 26, 2011 at 8:01 pm


                • 9 Dorothy Rissman
                  June 26, 2011 at 8:08 pm

                  Howdy africa. I just sent this to lawrence, Ed and her majesty. I told them that perhaps this is something they might cover rather than carping about the president continually.

                  • 10 africa
                    June 26, 2011 at 8:20 pm

                    Exactly, DR, I am sending it to them and to all the others in my list, including Eugene Robinson, Greg Sargent, Andrew Sullivan, Josh Marshall and especially Chuck Todd, who implied that PBO wanted the debt ceiling raised because he invested in Treasury Bonds.

                    They better cover this, if not we need to remind them daily.

                    • 11 Dorothy Rissman
                      June 26, 2011 at 8:35 pm

                      Wow! you are good. I am going to follow your lead from now on. That means we should also alert very show on msnbc. That morning crew drives me crazy. Stupid Chuck Todd needs to know about this.

                      ps. I just want to report that I sent all kinds of articles about Weiner to Josh and he never, ever wrote about any of them. They were covering the bad boy’s behind. That sounds as if TPM is a Newstainer. When one of his victim’s gave her statement on bad boy Weiner, he had it on the front page in teeny letters and then took it down almost immediately. See, Josh is a Newstainer.

                    • 12 theo67
                      June 26, 2011 at 11:34 pm

                      We absolutely have to bombard Chuck Todd, so he can be held accountable for those despicable comments about the President’s motives for healing the economy. He needs to actually start doing his job.

          • 13 bjw2
            June 26, 2011 at 7:30 pm

            Good points UT.

            I know I’m being petty but just look at his face, he has a face that needs to be smacked hard by his mother!!

    • 16 theo67
      June 26, 2011 at 6:11 pm

      Indeed – will Chuck Todd be quick to come out and declare that Eric Cantor is personally motivated for the country’s failure, just as he said that President Obama only wanted to restore the economy to personally benefit from his investment in Treasury bonds? I think Cantor’s personal agenda is far more nefarious and destructive.

      • 17 Sue in Minnesota
        June 26, 2011 at 6:54 pm

        Tweet that, tweeters!

        Jo Bonner -R, Darrell Issa-R who would investigate this mess? Cantor is such a snively little rat …it’s the only way I can think of him. This jackal bad mouthed Tarp as the bank his wife works for, was on the receiving end of bailout monies. The guy is truly a rat.

      • 18 Dorothy Rissman
        June 26, 2011 at 6:55 pm

        I think maybe we should tweet him and tell him that to be fair he needs to deal with Cantor and this issue. Shall we?

        Just looking at that guy makes he want to heave. Chips, did you work to find that extremely weird photo of him? If so, thank you.

        • 19 theo67
          June 26, 2011 at 7:02 pm

          I already tweeted him – very satisfying… 🙂

          • 20 Anonymous
            June 26, 2011 at 7:19 pm

            Tweeted too. Let’s keep it up. Tweeting Pelosi, Reid, my congressman. Demanding an investigation.

        • 21 GGail
          June 26, 2011 at 7:26 pm

          DR, that’s a picture of him at the White House Congressional Picnic a couple of weeks ago. Scary isn’t it?

          • 22 Dorothy Rissman
            June 26, 2011 at 8:00 pm

            Gail, you are so right. He looks maniacal . What a creepy man.

          • 23 HZ
            June 26, 2011 at 9:16 pm

            GGail, is he not standing right there where the President was calming the crying baby? Look at the man on the rope line(blue and white shirt in front) and look at the President with the baby. If true, just knowing that he was in that precious time space makaes me upset. Always trying to be sneaking around our POTUS.

        • 24 Jazz
          June 26, 2011 at 7:38 pm

          Agree with your suggestion. Will do. Also agree with your assessment of that “weird” photo. Might not be a bad match with Sue’s “rat” but also pretty close to the Hollywood version of Count Dracula.

        • 26 bjw2
          June 26, 2011 at 7:41 pm

          Committee on Ethics is in charger of investigating ethics violation

          Linda T. Sánchez, California is the ranking democrat member

          Contact info:

          Committee on Ethics
          1015 Longworth House Office Building
          Washington, DC 20515
          Phone: 202-225-7103
          Fax: 202-225-7392

          • 27 GGail
            June 26, 2011 at 7:54 pm

            Because I am outside of Congresswoman Sanchez’ district, I will not receive a reply, but I sent her an email asking what will be done about Cantor’s actions. I stated that it was despicable.

            • 28 HZ
              June 26, 2011 at 10:38 pm

              GGail, try writing one of the senators. I just wrote my senator. I explained to her what I needed to know and hopefully she will respond. She is very faithful in doing so. I have a great file of issues that she has responded to and even was instrumental in really getting something done. However, I could not get through to Congresswoman Sanchez office because of my zip. My Rep. is Dreir, and his office was so rude to me. He never returns a reply.

  2. 29 Fred
    June 26, 2011 at 6:09 pm

    so much for American ” Exceptionalism” huh? You’d think our Treasury Bonds would factor in also 🙄

    what an asshat and those gums? :shock?

  3. 31 Bill
    June 26, 2011 at 6:11 pm

    This is big news. If the Congress does not increase the debt limit and the government defaults on its bonds Cantor would make a significant profit. The risk he took of this becoming public knowledge was very foolish.

  4. 38 Brian
    June 26, 2011 at 6:15 pm

    I hope this gets wide play, especially as it seems to confirm that Republicans are pushing policies that are deliberately designed to tank the economy in order to use that to their political advantage.

    Cantor seems especially motivated by self-interest. He seems just as eager to undermine Boehner as he is to bring down the President. Are there no statesmen left in the GOP?

    (I think I can answer my own question.)

    • 39 Dorothy Rissman
      June 26, 2011 at 8:40 pm

      If this gets broadcast in his area, this could reek havoc on the repugs. It could indeed make them step back.

  5. 40 bjw2
    June 26, 2011 at 6:22 pm

    You’re welcome Chipsticks 😀

  6. 41 cuphalffull
    June 26, 2011 at 6:27 pm

    If Eric Cantor has been exposed by the Wall Street Journal (Rupert Murdoch’s mouthpiece) then maybe there is some serious push back by those of great wealth who will lose their shirts along with the rest of us if the economy is put in jeopardy.

    • June 26, 2011 at 7:08 pm

      That’s huge. Cantor can’t claim the liberal media is out to get him. This also gives Obama and Boehner more leverage to get the deal done. When he walked out of the negotiations Wall Street dropped this bomb to let them know they ain’t playing.

      • 43 Sue in Minnesota
        June 26, 2011 at 8:39 pm

        I am sure Wall Street has no reservations about destroying anyone that will stand in their way. Cantor made himself vulnerable, he miscalculated his own sense of power. Guy is a dirtbag…they can’t exploit you if your not getting down in the dirt with them.

      • 44 isonprize
        June 26, 2011 at 9:33 pm

        When he walked out of the negotiations Wall Street dropped this bomb to let them know they ain’t playing.

        THIS RIGHT HERE!!! I knew that the monied folks needed the debt ceiling to be raised. The fact that they are now calling out Cantor is evidence that they are tired of the games, tired of the theatrics. Big money is finished playing. Big money is now saying “Raise the debt ceiling.”

  7. 45 Fred
    June 26, 2011 at 6:31 pm

    good afternoon;evening and night TOD family

  8. 46 Tally
    June 26, 2011 at 6:33 pm

    And where is Andrew Breitbart???? Why isn’t he screaming about this???

    Oh yeah…. nothing to do with a Democrat’s penis. my bad.

    • 47 Sue in Minnesota
      June 26, 2011 at 6:59 pm


    • 49 Sue in Minnesota
      June 26, 2011 at 8:48 pm

      Everytime I read your comment i crack up laughing, thanks for the levity it’s much appreciated.

    • June 26, 2011 at 9:04 pm

      Thanks for that. I love to giggle. Your sense of humor works for me.

    • 51 isonprize
      June 26, 2011 at 9:36 pm

      Tally, you are too funny. But right on point.

      Breitbart only deals in distractions. So whenever a story is tied to him, I look for the REAL story that he is trying to divert attention from. In Weiner’s case, it was and still is the issue of Unca Clarence Thomas and his wife. They have “ethical” issues surrounding making money from ultra liberal organizations, not to mention her taking money to start a tea bagger organization.

  9. 52 theo67
    June 26, 2011 at 6:38 pm

    Hey TODers – quick question. How do you retweet a message but add something to it before sending? I tried to retweet, but the message doesn’t seem to allow for edits, just retweets the exact same message.

    • June 26, 2011 at 7:07 pm

      instead of using the retweet icon, try just using RT ,,,person message and then your own response.

      • June 26, 2011 at 7:10 pm

        sorry for ex RT Hey TODers – quick question. How do you retweet a message but add something to it before sending? I tried to retweet, but the message doesn’t seem to allow for edits, just retweets the exact same message// hope that helps

        • 55 theo67
          June 26, 2011 at 7:16 pm

          Thanks – this helps! I thought I had to change a setting or something, but this is pretty straightforward!

        • 56 utaustinliberal
          June 26, 2011 at 7:20 pm

          Hey aristac I asked a friend of mine and she said to retweet a message but with your own message as an addendum you can do either of these of things:

          1. Write your message first, then add the retweeted message and send/tweet it out.

          2. Put the retweeted message first, then put an arrow -> after the retweeted message and then add your message and you can send/retweet it out.

          Hope this helps 🙂

    • 58 utaustinliberal
      June 26, 2011 at 7:08 pm

      Hey Theo I asked a friend of mine and she said to retweet a message but with your own message as an addendum you can do either of these of things:

      1. Write your message first, then add the retweeted message and send/tweet it out.

      2. Put the retweeted message first, then put an arrow -> after the retweeted message and then add your message and you can send/retweet it out.

      Hope this helps 🙂

    • 60 Sue in Minnesota
      June 26, 2011 at 8:49 pm

      Where does one find the manual on tweeting for idiots…..I am so going there!

  10. 63 Anonymous
    June 26, 2011 at 6:38 pm

    And this is the party whose members often fly huge American flags from their cars(i m in a parking lot) and call BHO a foreign born fraud . DAMN!

  11. 64 Tally
    June 26, 2011 at 6:57 pm

    No WONDER he walked out of budget talks…….

  12. 65 Anonymous
    June 26, 2011 at 6:58 pm


  13. 66 Anonymous
    June 26, 2011 at 7:01 pm

    OT: Here’s a nice little story:

    Justin Bieber Fulfills Barack Obama Promise

    To Prove that the United State’s President Barack Obama is a man of his words, Justin Bieber met one of his young fans whose father was died in 9/11 terrorist attacks.

    According to details, last month the President of The United States was at an event at Ground Zero last month where he promised Payton Wall, the 14 year old Bieber fan that he could arrange a meeting of the girl fan with Bieber.

    The White House took its President’s promise by heart and contacted Justin Bieber to put the plan in motion.

    Justin Bieber met Payton Wall, her sister Avery and their friend Madison Roberson on this Thursday in NYC. The meeting took place just after the Macy’s near riot in Times Square.

    Payton Wall told to the NY Post that she was more nervous meeting Justin Bieber than she was meeting The President of the United States of America.

    The article ends by asking: What should we say; teen phenomenon or the world has changed now?

  14. 68 bjw2
    June 26, 2011 at 7:03 pm

    As Randi Rhodes always says “when someone shows you who they are believe them”, and Cantor shows himself to a traitorous piece of scum!

  15. 72 Anonymous
    June 26, 2011 at 7:18 pm


  16. 73 Anonymous
    June 26, 2011 at 7:19 pm


  17. 74 globalcitizenlinda
    June 26, 2011 at 7:24 pm

    Chipssticks, remember the articles by Steve Benen’s and Michael Tomaskey that you posted a few weeks ago and which was repeated here on TOD just yesterday (your title of entry : “ah, true patriots”?

    Remember also the comments that Senator Chuck Schumer and Dick Durbin about the GOP pushing policies that will intetionally damage the economy?

    Please consider adding these articles/link to this Eric Cantor financial double-dealing blog post . The connection is all there for people who did not catch the original post. No wonder the actions reveal the potential financial and political gain. Shame! Shame! Shame! How low have these people sank???

  18. 75 Kasai
    June 26, 2011 at 7:30 pm

    When we have some weak democrats…..No wonder the Republicans behave they way they do, these so called Dems are sometimes worthless, This President is working tirelessly day in and day out He can’t even have his own party to have his back….shame! Shame. It’s time to call them out on this BS. Don’t ask for contribution if your agenda is to help republicans agenda.

    Here’s an example:

    Opinion: Democrats’ bashing of Obama rivals the GOP’s

    Special to the Mercury News
    Posted: 06/24/2011 08:00:00 PM PDT
    Updated: 06/25/2011 05:17:33 PM PDT

    WASHINGTON — It was another day of Obama bashing in the Capitol.

    “I’m profoundly disappointed,” one lawmaker said at a news conference last week.

    “A disappointment to say the least,” said another.

    “Wrong decision,” said a third.

    “His proposal failed.”

    “It is unjustifiable.”

    “Quite simply unconscionable.”

    What stood out at this particular gripe session, however, was that the speakers were all Democrats.

    As they stood on the podium in a House television studio and spoke into the cameras, these liberal members were complaining about the slow pace of President Obama’s pullout from Afghanistan. But they could just as well have been talking about a score of other White House actions that have infuriated them:

    • 76 bjw2
      June 26, 2011 at 7:50 pm

      I think we should contact the DNC and tell DWS that these dems better get in line and stop undermining this president or they will have hell to pay……they need to remember that a lot of these damn idiots will be riding on his coat tails next year.

      Just think some of these ungrateful pukes road in on his coat tail in 2008.

    • 78 africa
      June 26, 2011 at 8:09 pm

      I never saw the Republicans do this to George Bush. After POTUS, they will deserve what they get. I am done with them. Half o them don’t even have a smidget of this president’s resolve.

      • 79 africa
        June 26, 2011 at 8:10 pm

        PS: It is the same kind of thing you see across the so-called Democratic/Progressive blogs. Sickening.

  19. 80 globalcitizenlinda
    June 26, 2011 at 7:38 pm

    Well, Well, Well!! This is very big news indeed and I hope that we can all jump on this and demand some answers. No wonder these extreme right wingers are trying to push the economy overboard!! They stand to gain in more ways than one from a failed US economy – oh my!!!

    At least to me, this WSJ article also further explains why recently, there have been a few rumblings in the news about whether the republicans are purposefully pushing policies which they know will damage the economy. Remember the articles by Steve Benen’s and Michael Tomaskey that Chipssticks, posted a few weeks ago and which she repeated here on TOD just yesterday under : “ah, true patriots”?

    I am now re-looking at the comments that Senator Chuck Schumer and Dick Durbin about the GOP policies to damage the economy for their gain. May be between it is my evil mind; but I now clearly have evidence that links these articles about GOP sabotaging the economy and this Eric Cantor financial betrayal.

    When these article were first written, the explanation was expected political advantage and gain if the US economy tanks. Now we see that the political gains are also followed by personal financial gain – this is disgusting!!!!

    Greed is a dangerous thing and when coupled with political ambition then this is a poisonous and often political self-defeating. Cantor has bitten off more than he can chew and the money people on Wall Street appear to have produced their political card to check his arrogance. I do not think Cantor and his group of supporters and teaparty extremists are going to link this.

    • June 26, 2011 at 8:43 pm


      And now that it’s in the Wall Street Journal, that is the green light for the rest of the media to pick it up. Most of these “journalists” are simply newsreaders — they let someone else do the digging, and then they just republish it — especially if it’s a right-leaning publication like the Journal.

      These transcribers are really spineless scaredy cats and investigative journalism is the furthest thing from their mind — somebody might not like them! But the fact that a Daddy Figure publication is exposing this (probably for its own greedy purposes), gives them cover to “report” it.

  20. June 26, 2011 at 7:38 pm

    tweeted a message using the hash tags. hope we start a trend.

  21. 83 hopefruit2
    June 26, 2011 at 7:45 pm

    That has got to be one of the ugliest smiles I’ve seen in my life. If I were alone somewhere and I saw that smile coming towards me, I would turn in the other direction and run for my life at top speed.

  22. 92 HZ
    June 26, 2011 at 8:24 pm

    However, we do have someone who has a smile that will dance with the sun. Now that is a smile that will warm you up everytime you take a look at our fine POTUS. No running away from that, in fact, Run To Him. No disrespect to our First Lady, but she will tell us the same words.

    • 93 meta
      June 26, 2011 at 8:39 pm

      HZ, one of my very greatest pleasures in life was to see that incredible MEGAwatt smile standing right in front of me and to smile back in equal measure, only to have that result in a warm hug. It’s a moment I will never forget. He is magnificent in every way.

      • 94 HZ
        June 26, 2011 at 9:08 pm

        Oh, my goodness meta. That is so great. Did this happen. What a moment to have for the rest of your life. I am so happy for you and with you.

  23. 95 Left-Indie
    June 26, 2011 at 8:28 pm

    I’m loving this exposure. They are out to ruin the American economy. That is the cleares path to defeating Obama and that’s all that counts with them. And the Dem leaders are drips, except the women: Pelosi, Debbie, Granholm. Granholm should be on TV everyday, she rocks!

  24. 96 Kasai
    June 26, 2011 at 8:29 pm

    Yes indeed HZ…a smile that lights up the whole world:-)

  25. June 26, 2011 at 8:35 pm

    Yep. The knives are coming out. The debt ceiling will be raised. Hopefully Crooked Cantor is a political casualty in the process.

  26. 98 cat48
    June 26, 2011 at 8:48 pm

    That abbreviated editorial was in the WashPost today, written by Milbank. Some of the people who were bashing him were named. I was furious & I tweeted 3 of them the editorial with a #RovesHelper #Traitor hashtags . I’m thinking probably not a good idea b/c people think I’m nuts, but the Sun A.M. shows were bashing him & everything I read was bashing him & 16 mos. before the election & Rove is already running ads & this whiny editorial just flipped me out! I had a bad week.. It was Lynn Woolsey, Kucinich & the other name escapes me. Sigh

  27. 99 Tulips
    June 26, 2011 at 8:55 pm

    I have made a decision to fight back against Daily kos, their diaries are nothing but opinion and should not be mistaken as progressive. I will be blasting them on twitter as much as i can

    • 100 hopefruit2
      June 26, 2011 at 9:02 pm

      Good for you and thank you Tulips. That place is a toxic mess. They are trying to undermine the President’s support as much as possible and are too coward to be up front about it.

      • 101 africa
        June 26, 2011 at 9:35 pm

        Exactly. Adept2 has a diary up on the wreck list asking if there can be just one Front pager to write about the president’s achievements instead of the daily drumbeat of criticisms.

        You would think their daily front page and wreck list would be filled with the issues concerning debt ceiling, Ryan’s Medicare, etc.

        Long time ago, I told a friend about Daily Kos being a good place to get infor on Democrats. I had not talked to her for a while. Recently she called me asking if I was sure the place was still a Democratic site. She was upset about the constant negative stories ahout Democrats and the president. I told her to come here, BWD, TPV or Weseeyou.

        Lots of folks in my immigrant circles are angry about the way PBO is treated in the media.

        • 102 askew
          June 26, 2011 at 10:54 pm

          I went and read the diary and regret giving that site the click. The entire thread is full of Obama bashing and spin from BBB who has ODS and was promoted to the frontpage because he hates Obama and AdamB claiming that they are the true progressives and they are being fair to Obama. Until the Obama supporters leave the site en masse, that site will continue to use you for site hits while writing hit pieces on Obama. Every time you click there, you give them legitimacy to speak for the base. Why Black Kos hasn’t left is beyond me.

          • 103 northanger
            June 26, 2011 at 11:21 pm


            location location location. move it over here people.

            • 104 askew
              June 27, 2011 at 12:30 am

              Yep, I can’t figure out why they haven’t moved it yet. Give this site or BWD’s site the page hits and let DK falter.

              • 105 northanger
                June 27, 2011 at 3:17 am

                Some people can’t let go, but the frontline is here.

                100,000 / $25 = 4000 people
                i’m sending in money the first of the month. i may switch off: one month BWD next month TOD.

    • 106 Dorothy Rissman
      June 26, 2011 at 9:22 pm

      Good on you tulips. Those ugly suckers would never be happy with anyone. I think that includes Rachel, Cenk, The Rat and Lawrence. WATBs all three of them. Rachel bothers me the most because she seems like some little cry baby who has not gotten her way.

      • 107 africa
        June 26, 2011 at 10:02 pm

        I think she is overrated. People say she is smart and so she lets that go to her head and thinks that she is smarter than our president.

        In my note to her (copied to her colleagues, her bosses and others in the media), I sent her a quote from Al Neuharth from the USA today in which he compared her to Rush Limbuagh. She did not like that at all. As well I sent her the feedback she sent to Al asking why he would insult her and her network. I told her that when my husband first read the piece to me, I told him Al was crazy for comparing her to the dough boy, but after hearing what she said about POTUS, I wasn’t so sure. After all given that this presidnet had done more for the gay community than any other president and she could come out and say what she said, it was easy to see why the man would want to compare her with Limbaugh.

        I also told her that PBO, as a brown man of color, did not get to where he is by taking instructions from them about what he needed to say in a speech, how to think or behave.


  28. 108 louc1
    June 26, 2011 at 9:07 pm

    Totally off subject but I did something I rarely do – followed a link to Huff n Puff and saw something about Maddow and her rant against the President. Well wasn’t I pleasantly surprised when I read through the comments that most people seem to feel she went way too far and were very upset with her!!!!! I think she and MSNBC are getting an ear full.

    • 109 theo67
      June 26, 2011 at 9:17 pm

      I just wish she had never gone there in the first place. It was unnecessarily dishonest, and sullied her credibility. I’m hoping that she apologizes this week.

    • 110 Dorothy Rissman
      June 26, 2011 at 9:31 pm

      louc1, can you give me a clue to where the article might be situated on Huff? It did not zoom out anywhere. Much appreciated. dr

    • 112 northanger
      June 26, 2011 at 11:16 pm

      Those “went way too far” comments remind me of something one of the Balloon Juicer’s said about a poll indicating 62% recognize POTUS inherited the current economic conditions. The point involved “self-evident truths”: One of the common frustrations a lot of us have with Obama is his reluctance to mention the Bush-era mistakes that led to our current economic situation. But if people already believe that, why waste some of their limited attention span to tell them something they already know? We spend a lot of time here dissecting the latest emanations from the noise machine. It’s good to remember that some truths are so self-evident that the noise machine isn’t making as big a dent as we might think.

      If things are more self-evident than we are ever led to believe (and Molly Ivins really respected the power of the American voter &, btw, believed Senator Obama was “the only Democrat with any Elvis to him”) then I think we should operate in this “knowing” and awareness like Molly did. Things are not as ambiguous as they seem.

      Don’t bet against America!

  29. 114 LYNND
    June 26, 2011 at 9:31 pm

    Absolutely shameful, and I bet he’s not the only one. That’s how Goldman Sachs made a killing on Wall Street: betting against some unfortunate Americans.

  30. June 26, 2011 at 9:44 pm

    Hi theo67, in my letter to her, I politely asked her to at least give me that much, and apology to the President and all who heard her. I hope that she will comply, at least.

  31. 118 northanger
    June 26, 2011 at 10:30 pm

    great catch!

    “It’s never paid to bet against America. We come through things, but its not always a smooth ride.” —Warren Buffett

    • 119 Sue in Minnesota
      June 27, 2011 at 1:46 am

      Warren Buffett also said, “If class warfare is being waged in America, my class is clearly winning.”

      • 120 northanger
        June 27, 2011 at 3:08 am

        That’s even better. Another version of that is (it’s the rich class making war), “There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”

        Which I take to mean, in Cantor’s case, that he’s directly participating in maintaining class warfare.

        So prior to Sep 2008 there was a systematic dismantling (with GOP collusion) of the middle class. During the financial meltdown the narrative was the economy was on the operating table, held together with duct tape. However, lucky for us, we did manage to isolate the main culprit: ACORN. Problem solved, yai for America!

        But, we need to complete the work that was started in 2008 and rehabilitate the economy — which the GOP is doing everything to stop.

        All the GOP has managed to do is put the pedal to the metal and varoom class warfare. Which is why I support The Fed continuing quantitative easing and implement QE3, and if necessary, QE4, QE5 and so on.

  32. June 26, 2011 at 10:40 pm

    Cantor is mongoose food!

  33. 122 busbus
    June 27, 2011 at 12:02 am

    Remember? Think Progress reported on June 17th –

    Paul Ryan’s Budget Plan Gives $45 Billion In Oil Subsidies: Benefits Ryan’s Family Interest

    Now we have this –

    Eric Cantor “betting against America”

    Connecting the dots is so easy. All we need to look at are the “cuts” happening across the country by the GOP/TP governors and particularly those with a GOP/TP majority Assembly and Senate, combine these to the “cuts” passed by the United States House of Representatives and add all of these things to the Citizens United ruling of the Robert’s Court and the past and current questionable actions of Justice Clarence Thomas.

    I’ll be doing my part not to have a repeat of the 2010 mid-term. Living in a country that looks like current Michigan is NOT my cup of tea! It’s bad enough dealing with and fighting my state’s current GOP/TP governor and his GOP/TP majority Assembly and Senate!

    Let us all work hard and pray for God’s help to give President Barack Obama a second term! If ANY GOP/TP gets his or her foot in the door of 1600 Pennsylvania Avenue, the United States of America is doomed!

    • 123 theo67
      June 27, 2011 at 12:25 am

      I did a Google search on “Cantor bet against America” and there were over 100,000 results dating back several months. This isn’t new for Cantor – I don’t know how he’s still a member of the US government when he is actively working against the country.

    • 124 Sue in Minnesota
      June 27, 2011 at 1:34 am

      If that happens, is it a bridge too far to think we might ultimately enter into our 2nd civil war?

    • 125 Sue in Minnesota
      June 27, 2011 at 2:07 am

      Ryan is another Koch-roach. If we can’t wake America up to this glaring, ugly reality, I agree with your assessment, the United States of America is doomed!

  34. 126 sjterrid
    June 27, 2011 at 3:16 am

    what is really troublesome to me is that Think Progress wrote this article on June 18th, 2010 before the midterm elections. I am so upset right now thinking how different the midterm elections would have turned out if the people in Virginia? knew that he was betting on the economy to fail. Why would he do anything about jobs if it would mean that he will lose money.

  35. June 27, 2011 at 6:20 am

    I’m going to follow the news and see who will have anything to say about our good old boy Eric Cantor and what he did.

    • June 27, 2011 at 6:26 am

      I hate to keep talking about that picture of Cantor at the Congressional picnic, but it is ugly, creepy, whatever you want to call it. Something strange. Then those shades doesn’t help.

  36. 129 Tally
    June 27, 2011 at 1:18 pm

    What is most infuriating is this story is over a year old, but even so….. he still should be investigated. NOW.

    EVERYONE in Congress needs to have their finances/investments made public.

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