The United States lost billions more than expected on auto bailout

The Treasury Department says in a new report the government expects to lose more than $25 billion on the $85 billion auto bailout. That’s 15 percent higher than its previous forecast.

In a monthly report sent to Congress on Friday, the Obama administration boosted its forecast of expected losses by more than $3.3 billion to almost $25.1 billion, up from $21.7 billion in the last quarterly update.

The report may still underestimate the losses. The report covers predicted losses through May 31, when GM’s stock price was $22.20 a share.

On Monday, GM stock fell $0.07, or 0.3 percent, to $20.47. At that price, the government would lose another $850 million on its GM bailout.

The government still holds 500 million shares of GM stock and needs to sell them for about $53 each to recover its entire $49.5 billion bailout. At the current price, the Treasury would lose more than $16 billion on its GM bailout.

Read more from this story HERE.

Pentagon researching gene manipulation to build the soldiers of tomorrow

Tomorrow’s soldiers could be able to run at Olympic speeds and will be able to go for days without food or sleep, if new research into gene manipulation is successful.

According to the U.S. Army’s plans for the future, their soldiers will be able to carry huge weights, live off their fat stores for extended periods and even regrow limbs blown apart by bombs.

GM troops on the horizon? Pentagon scientists are working on genetic manipulation that would give their soldiers superhuman qualities. File picture

With a budget of almost $2billion a year DARPA, established in 1958 after the USSR’s first successful space mission shocked America, has a goal of maintaining U.S. technological dominance on the battlefield.

Among it’s many ambitious projects, the agency is working on an exoskeleton that will allow soldiers to run faster and lift prodigious weights. But its most controversial work involves genetic modification.

DARPA is working on triggering genes that will make soldiers’ bodies able to convert fat into energy more efficiently so they are able to go days without eating while in the warzone.

Read more from this story HERE.

Rep. Paul Ryan: Voting record conservative, with notable exceptions

Rep. Paul Ryan, the Republicans’ presumptive vice-presidential nominee, has amassed a very conservative voting record during his seven terms in Congress, including repeated votes against spending bills, unemployment-benefit extensions and most of President Obama’s agenda.

But he also voted for some of the Bush administration’s most controversial accomplishments, including the No Child Left Behind education bill and the 2003 Medicare prescription drug law that added a new entitlement to the government’s books without finding a way to pay for it.

He also voted for the Wall Street bailout in 2008, which has become a flash point for both ends of the political spectrum.

His chief breaks with most Republicans usually came on spending bills, where he regularly voted against his party leadership when they controlled the chamber before 2007. In 1999, he voted against expanding the Peace Corps, and voted against expanding debt relief to impoverished nations.

Mr. Ryan voted for the Patriot Act and later voted to preserve federal authorities’ ability under that law to seek library records in their investigations — a major test point for the legislation.

But he’s also had some more pointed dissents, including being one of relatively few House Republicans to vote for a bill that would have outlawed workplace discrimination based on sexual orientation, the Employment Nondiscrimination Act.

Read more from this story HERE.

Decision: Palin will not speak at the GOP Convention in Tampa

Former U.S. vice presidential candidate Sarah Palin on Sunday said she will not speak at the Republican National Convention in Florida later this month, saying she will instead focus on rallying in support of candidates for the U.S. Congress.

Palin, 48, who previously served as the Governor of Alaska and was U.S. Senator John McCain’s vice presidential nominee during the 2008 presidential elections, said she continues to support Republican presidential candidate Mitt Romney and his newly announced running mate, Congressman Paul Ryan.

“This year is a good opportunity for other voices to speak at the convention and I’m excited to hear them,” Palin said in a brief statement distributed by Fox News. “As I’ve repeatedly said, I support Mitt Romney and Paul Ryan in their efforts to replace President Obama at the ballot box, and I intend to focus on grassroots efforts to rally Independents and the GOP base to elect Senate and House members so a wise Congress is ready to work with our new President to get our country back on the right path.”

She added: “Everything I said at the 2008 convention about then-candidate Obama still stands today, and in fact the predictions made about the very unqualified and inexperienced Community Organizer’s plans to ‘fundamentally transform’ our country are unfortunately coming true.”

The Republican National Convention will be held in Tampa, Florida, between August 27 and August 30 and will feature a number of high-profile Republican figures as speakers. Among those confirmed to be speakers are former presidential candidates John McCain and Rick Santorum. Former Florida Governor Jeb Bush, former Arkansas Governor Mike Huckabee and former U.S. Secretary of State Condoleeza Rice will also speak.

Read more from this story HERE.

Military promotes lesbian to general, boots colonel for sex assaults, tries to stop child porn

Army General Becomes U.S. Military’s First Openly Homosexual Flag Officer

By Kristina Wong. Army reserve officer Tammy Smith calls her recent promotion to brigadier general exciting and humbling, saying it gives her a chance to be a leader in advancing Army values and excellence.

What she glosses over is that along with the promotion she is also publicly acknowledging her sexuality for the first time, making her the first general officer to come out as gay while still serving. It comes less than a year after the end of the controversial “don’t ask, don’t tell” law.

“All of those facts are irrelevant,” she said. “I don’t think I need to be focused on that. What is relevant is upholding Army values and the responsibility this carries.”

But Smith’s pinning ceremony on Friday marks an important milestone for gay rights advocates, giving the movement its most senior public military figure. She has already been assigned as deputy chief at the Office of the Chief at the Army Reserve, and spent much of 2011 serving in Afghanistan.

Stars and Stripes interviewed Smith last summer before the “don’t ask, don’t tell” repeal was finalized. Speaking under a pseudonym, she said she had no plans to come out to her colleagues, but was looking forward to the relief of knowing that her career wouldn’t be threatened if she was found out.  Read more from this story HERE.

Air Force Relieves Colonel for Troops’ Adultery, Sexual Assault that Occurred Under his Command

By Lolita C. Baldor and Paul J. Weber. A widening sex scandal at Lackland Air Force Base has led to the dismissal of the top commander who oversees basic training for every new American airman, officials said Friday.

Col. Glenn Palmer was commander of basic training for the 737th training group at the Texas base, where more than a dozen military instructors in the past year have been investigated or charged with sexually assaulting recruits. Officials familiar with the decision said Palmer has been relieved from those duties, speaking on condition of anonymity because the announcement was not yet public.

The officials said there was no indication Palmer was facing any criminal charges. In all, six instructors have been charged with offenses ranging from rape to adultery.

Investigators say more than three dozen female trainees have been victimized by male instructors at Lackland, where approximately 35,000 airmen graduate each year.

About one in five recruits are female, while most instructors are male. The most serious allegations involved an instructor sentenced to 20 years in prison last month after being convicted of raping one female recruit and sexually assaulting several others. Read more from this story HERE.

Pentagon’s Missile Defense Agency’s Child Porn Problem

Allen W. Dulles, former director of the Central Intelligence Agency (CIA) wrote in “The Craft of Intelligence,” “sex and hard-headed intelligence operations rarely mix well.” Perhaps the boys at the Pentagon need a refresher course.

This past week, the Pentagon’s Missile Defense Agency warned its staff not to view porn on U.S. government computers. The Pentagon also released a report on April’s Secret Service Colombian scandal. The two are connected.

In April, I said the Colombian scandal exposed a national security problem, the epidemic of U.S. government employees viewing porn — child porn — on government networks. I suggested readers type “Transportation Security Administration,” “U.S. State Department,” “Pentagon,” “Immigration and Customs Enforcement” and “child porn” into Google’s search field to understand the scope. I neglected to include “Missile Defense Agency.”

Bloomberg quotes a cybersecurity expert saying the Missile Defense Agency’s use of porn is concerning because “many pornographic websites are infected and criminals and foreign intelligence services such as Russia’s use them to gain access and harvest data.”

The only possible response is: Duh.  Read more from this story HERE.

The Comeback Kid: Roy Moore leading candidate for Alabama’s Chief Justice

Nine years after a battle over a stone monument listing the Ten Commandments inside a state court building in Alabama, the state Supreme Court chief justice who was removed from office by a state judiciary panel is the leading candidate – to be the state Supreme Court chief justice.

Judge Roy Moore had installed the 5,280-pound stone monument as part of an acknowledgement of God’s sovereignty over American life, and when he refused to haul it away as a federal judge wanted, a state judicial panel removed him from office.

But after a stunning upset victory over two better-funded competitors for the GOP nomination for the office, incumbent Chuck Malone and former state Attorney General Charlie Graddick, Moore now is leading in the statewide race in Alabama, where voters choose the chief justice.

According to a poll taken just days ago, Moore leads Democrat Harry Lyon by 21 points, 54 percent to 33 percent. The poll surveyed 600 Alabama voters.

He’s built that stunning support with endorsements that include one even from the Democratic Alabama AFL-CIO.

State President Al Henley told Real Clear Politics it’s the first time the union group has backed Moore, and Moore was the only Republican picked by the group this year.

Henley cited Moore’s record as a circuit judge in Gadsden and as a Supreme Court justice from 2001-2003 of treating the average person fairly in court.

Read more from this story HERE.

Romney VP pick claims to be “as pro-life as a person gets”

By Steven Ertelt. While most know Ryan for his fiscal views, Ryan has made a solid pro-life pledge that would endear him to millions of voters looking for a pro-life Vice President to replace pro-abortion Vice President Joe Biden.

During the 2010 elections, Ryan told The Weekly Standard’s John McCormack, “I’m as pro-life as a person gets.”

He responded to a controversial “truce” that Mitch Daniels of Indiana had put forward saying social issues should be put on the back burner, and repudiated it.

“You’re not going to have a truce. Judges are going to come up. Issues come up, they’re unavoidable, and I’m never going to not vote pro-life,” Ryan said.

Ryan said he is equally adamant about both his conservative fiscal views as well as his position that every unborn child has the right to live.  Read more from this story HERE.

Here’s what Rep. Ryan wrote in a Heritage Foundation paper entitled, “The Cause of Life Can’t be Severed from the Cause of Freedom”, in September 2010:

I write as an unswerving proponent of both free market choice and the natural right to life. It is unfortunate that “life” and “choice” were ever separated and viewed as alternatives. This is a false dilemma. Logically, each implicates the other.

I am deeply committed to capitalism, the “system of natural liberty,” as Adam Smith called it. Free markets create unparalleled prosperity and have a moral basis in freedom and choice. Under capitalism, people exercise their right to choose products and services they prefer, to pursue the job or career they desire, the business they wish to establish or deal with, the kinds of investments and savings they favor, and many more options. These choices reflect individuals’ hope to improve their lives and to develop their full human potential. While freedom of choice alone doesn’t guarantee happiness, it is essential to the pursuit of happiness.

As a champion of capitalism, I strongly support every person’s right to make these economic choices and to fight against government efforts to limit them. Freedom and the choice it implies are moral rights which Americans are granted, not from government but from the principles that have made this a great and prosperous society. These principles uphold the equal natural rights of all human beings to live, be free, and pursue happiness, insofar as the exercise of these rights does not violate the corresponding rights of others. Individuals grow in responsibility, wisdom, intelligence, and other human qualities by making choices that satisfy their unique needs and by avoiding things that do not. Government helps maintain the rule of law that makes all this possible, but government’s role is very limited when it comes to our specific choices. Under our Constitution, government’s job is to guarantee the universal human rights of its citizens. By virtue of its mission in this social contract, government cannot possess unlimited power.

Yet to ensure that this guarantee is consistently provided, the government first needs to determine whose rights should be protected—that is, what the concept of a human being entitled to natural rights denotes. The rights of any entity that qualifies as “human” must be protected.

The car which I exercised my freedom of choice to purchase is not such an entity and does not “qualify” for protection of human rights. I can drive it, lend it, kick it, sell it, or junk it, at will. On the other hand, the widow who lives next door does “qualify” as a person, and the government must secure her human rights, which cannot be abandoned to anyone’s arbitrary will.

Rights and Personhood

Yet, identifying who “qualifies” as a human being has historically proved to be more difficult than the above examples suggest. Twice in the past the U.S. Supreme Court—charged with being the guardian of rights—has failed so drastically in making this crucial determination that it “disqualified” a whole category of human beings, with profoundly tragic results.

The first time was in the 1857 case, Dred Scott v. Sandford. The Court held, absurdly, that Africans and their American descendants, whether slave or free, could not be citizens with a right to go to court to enforce contracts or rights or for any other reason. Why? Because “among the whole human race,” the Court declared, “the enslaved African race were not intended to be included…[T]hey had no rights which the white man was bound to respect.” In other words, persons of African origin did not “qualify” as human beings for purposes of protecting their natural rights. It was held that, since the white man did not recognize them as having such rights, they didn’t have them. The implication was that Africans were property—things that white persons could choose to buy and sell. In contrast, whites did “qualify,” so government protected their natural rights.

Every person in this country was wounded the day this dreadful opinion was handed down by this nation’s highest tribunal. It made a mockery of the American idea that human equality and rights were given by God and recognized by government, not constructed by governments or ethnic groups by consensus vote. The abhorrent decision directly led to terrible bloodshed and opened up a racial gap that has never been completely overcome. The second time the Court failed in a case regarding the definition of “human” was in Roe v. Wade in 1973, when the Supreme Court made virtually the identical mistake. At what point in time does a human being exist, the state of Texas asked. The Court refused to answer: “We need not resolve the difficult question of when life begins. When those trained in the respective disciplines of medicine, philosophy, and theology are unable to arrive at any consensus, the judiciary, at this point in the development of man’s knowledge, is not in a position to speculate as to the answer.” In other words, the Court would not “qualify” unborn children as living persons whose human rights must be guaranteed.

Since the Court decided there was no “consensus” on when fetuses become human persons, it struck down abortion restrictions in all 50 states that thought they had reached a “consensus.” Only those already born “qualified” for protection. Moreover, the already born were empowered to deny, at will, the rights of persons still in the womb. The Court did not say that, given the lack of consensus, the matter ought to be left to the states. It did not choose to err on the side of caution, since human lives might be at stake. Nor did it choose not to rule on the matter. These options would seem to be rational courses in light of the Court’s stated agnosticism. Instead, the Court used the lack of consensus to justify prohibiting states from protecting the life of the unborn.

Like the Dred Scott decision, this opinion has wounded America and solved nothing. It has set good people on all sides against each other, fueled a culture war, split churches, soured politics, and greatly strained civil dialogue. A recent Gallup poll showed that 51 percent of Americans consider themselves pro-life, 42 percent are pro-choice, and 7 percent not sure.1

President Obama has done nothing to bridge the gap. During his campaign last year, he was asked when a “baby” has “human rights.” He answered by practically repeating the Supreme Court’s confused response: “[W]hether you’re looking at it from a theological perspective or a scientific perspective, answering that question with specificity, you know, is above my pay grade.” God alone, he implied, knows whether babies are human beings!

Now, after America has won the last century’s hard-fought struggles against unequal human rights in the forms of totalitarianism abroad and segregation at home, I cannot believe any official or citizen can still defend the notion that an unborn human being has no rights that an older person is bound to respect. I do know that we cannot go on forever feigning agnosticism about who is human. As Thomas Jefferson wrote, “The God who gave us life gave us liberty at the same time.” The freedom to choose is pointless for someone who does not have the freedom to live. So the right of “choice” of one human being cannot trump the right to “life” of another. How long can we sustain our commitment to freedom if we continue to deny the very foundation of freedom—life—for the most vulnerable human beings?

At the core, today’s “pro-choice” liberals are deeply pessimistic. They denigrate life and offer fear of the present and the future—fear of too many choices and too many children. Rather than seeing children and human beings as a benefit, the “pro-choice” position implies that they are a burden. Despite the “pro-choice” label, liberals’ stance on this subject actually diminishes choices, lowers goals, and leads us to live with less. That includes reducing the number of human beings who can make choices.

In contrast, pro-life conservatives are natural optimists. On balance, we see human beings as assets, not liabilities. All conservatives should find it easy to agree that government must uphold every person’s right to make choices regarding their lives and that every person’s right to live must be secured before he or she can exercise that right of choice. In the state of nature—the “law of the jungle”—the determination of who “qualifies” as a human being is left to private individuals or chosen groups. In a justly organized community, however, government exists to secure the right to life and the other human rights that follow from that primary right.

Conservatives can bridge the gap on issues of life and choice by building on the solid rock of natural rights, which belong, not just to some, but to all human beings.

Romney’s VP pick is Paul Ryan

With the retired military battleship Wisconsin as a backdrop, Mitt Romney will announce Saturday that House Budget Chairman Paul D. Ryan will be his running mate, multiple news sources reported Friday night.

Speculation had swirled around Ryan, Ohio Sen. Rob Portman and former Minnesota Gov. Tim Pawlenty for many weeks, but aides kept the decision under wraps, insisting that the former Massachusetts governor’s supporters would be the first to know through a special smartphone app.

Instead it was NBC News that broke the choice late Friday night on the eve of a bus tour that will cross some of the most important battleground states: Virginia, Florida and Ohio.

Ryan, of Wisconsin, is a bold choice for the ever-cautious Romney campaign. The wonkish House budget chairman, 42, won the admiration of conservatives after championing major tax budget cuts while advocating deep changes to Medicare, the popular healthcare program for seniors — long viewed as a third rail of politics.

The choice promises a fierce debate over the size and role of government in America over the next few months, and Democrats are relishing the chance to take on that fight.

Read more from this story HERE.

Obama’s classmate certain Columbia University secret threatens presidency

I am President Obama’s classmate at Columbia University, Class of ’83. I am also one of the most accurate Las Vegas oddsmakers and prognosticators. Accurate enough that I was awarded my own star on the Las Vegas Walk of Stars. And I smell something rotten in Denmark. Obama has a big skeleton in his closet. It’s his college records. Call it “gut instinct” but my gut is almost always right. Obama has a secret hidden at Columbia- and it’s a bad one that threatens to bring down his presidency. Gut instinct is how I’ve made my living for 29 years since graduating Columbia.

Obama and his infamous strategist David Axelrod understand how to play political hardball, the best it’s ever been played. Team Obama has decided to distract America’s voters by condemning Mitt Romney for not releasing enough years of his tax returns. It’s the perfect cover. Obama knows the best defense is a bold offense. Just keep attacking Mitt and blaming him for secrecy and evasion, while accusing him of having a scandal that doesn’t exist. Then ask followers like Senator Harry Reid to chase the lead. The U.S. Senate Majority Leader appears to now be making up stories out of thin air, about tax returns he knows nothing about. It’s a cynical, brilliant, and vicious strategy. Make Romney defend, so he can’t attack the real Obama scandal.

This is classic Axelrod. Obama has won several elections in his career by slandering his opponents and leaking sealed documents. Not only do these insinuations and leaks ruin the credibility and reputation of Obama’s opponents, they keep them on the defensive and off Obama’s trail of sealed documents.

By attacking Romney’s tax records, Obama’s socialist cabal creates a problem that doesn’t exist. Is the U.S. Senate Majority Leader making up stories out of thin air? You decide. But the reason for this baseless attack is clear- make Romney defend, so not only is he “off message” but it helps the media ignore the real Obama scandal.

My answer for Romney? Call Obama’s bluff.  Romney should call a press conference and issue a challenge in front of the nation. He should agree to release more of his tax returns, only if Obama unseals his college records. Simple and straight-forward. Mitt should ask “What could possibly be so embarrassing in your college records from 29 years ago that you are afraid to let America’s voters see? If it’s THAT bad, maybe it’s something the voters ought to see.” Suddenly the tables are turned. Now Obama is on the defensive.

Read more from this story HERE.

Will Romney’s VP be Ayotte or Petraus?

Photo credit: isafmedia

One view: Mitt Romney courting Gen. David Petraeus

By Michael Zinnie.  Mitt Romney is courting General David Petraeus, the hero of the wars in both Iraq and Afghanistan, to be his vice presidential pick, it was claimed today.

In spite of speculation on The Drudge Report which cited an unnamed source who overheard President Barack Obama talking about the Republican candidate’s desire to name Petraeus as his running mate, Petraeus released a statement denying the rumor.

‘Director Petraeus feels very privileged to be able to continue to serve our country in his current position, and, as he has stated clearly numerous times before, he will not seek elected office,’ CIA spokesman Todd Ebitz told Reuters.

It remains to be seen whether the four-star general, who is currently the director of the Central Intelligence Agency, would even agree to such a proposition. In previous interviews he has said he has no interest in jumping into the political arena.

If Petreaus were tapped to be the Republican vice presidential nominee, it could shift the entire balance and momentum of the election — electrifying Romney’s campaign by picking a man regarded by most of the nation to be a war hero.  Read more from this story HERE.

Another view: Wikipedia proves Kelly Ayotte will be Romney’s running mate, page updated 153 times in one day

By Meghan Kenealley.  Political junkies are chomping at the bit for the latest insights into Mitt Romney’s vice presidential pick, and there was a glimmer of hope Tuesday morning when it was suggested that the public could turn to Wikipedia for answers.

A site called Tech President made a compelling case by arguing that interested parties could look at the number of recent edits made to the pages of potential nominees and use the volume of those edits as a gauge for how likely it is that said candidate will be Romney’s choice.

The article examined the trend that started in the days leading up to the announcement of vice presidential candidates in the last presidential election: shortly before Sarah Palin and Joe Biden were revealed as their respective parties’ vice presidential nominees, there was a major spike in the edits to their pages.

The jump in that traffic presumably came from members of their campaigns who added more information to their profiles in the hours before their names were going to be searched thoroughly by Americans hoping to learn more about the candidates.

For instance, Sarah Palin’s page had 68 edits the day before her nomination was announced, while other prospects- which, at the time, included Romney himself- had far fewer changes on that fateful day.  Read more from this story HERE.