Taxpayers to Lose $15 Billion on Auto Industry Bailout; WH Praises Results

Only in Obamaville is a 18% LOSS on an investment “far better than anyone could have dreamed…” I betcha Wile E. Obama and the rest of the ACME Economic Destruction Co. are busy thinking up more ways to invest our money for such great returns.

The Treasury estimates taxpayers will have lost $15 billion on their $85 billion auto industry bailout, which also included aid to bankrupt Chrysler. Auburn Hills-based Chrysler has repaid its debt.

Gene Sperling, the White House National Economic Council adviser, said the bailout “has turned out far better than anyone could have dreamed of — not only in terms of job creation and the economy and manufacturing, but in terms of those companies and their suppliers being poised to increase and take market share.”

via Treasury begins sale of final 101M GM shares | The Detroit News.

Wow. If You’re a Younger Guy Buying Health Insurance, Obamacare is Going to Suck for You

But wait – I thought premiums were going to go down $2500? Oh, that’s just for Congresspeople, I guess. See the chart nearby for the amount of butt-hurt coming to your neck of the woods.

For months now, we’ve been waiting to hear how much Obamacare will drive up the cost of health insurance for people who

purchase coverage on their own. Last night, the U.S. Department of Health and Human Services finally began to provide some data on how Americans will fare on Obamacare’s federally-sponsored insurance exchanges. HHS’ press release is full of happy talk about how premiums will be “lower than originally expected.” But the reality is starkly different.

Based on a Manhattan Institute analysis of the HHS numbers, Obamacare will increase underlying insurance rates for younger men by an average of 97 to 99 percent, and for younger women by an average of 55 to 62 percent. Worst off is North Carolina, which will see individual-market rates triple for women, and quadruple for men.

Yes, the economy-reviving plans of Wile E. Obama and the ACME Economic Destruction Co. are going exactly according to plan.

via Double Down: Obamacare Will Increase Avg. Individual-Market Insurance Premiums By 99% For Men, 62% For Women – Forbes.

Outrage in France: Jewelry Store Owner Charged with Crime for Defending Himself and His Property

I’m glad some folks there are mad about this. This guy shoots and kills a robber that beat him and robbed his jewelry store. The store owner gets charged with a crime, and the Interior Minister has this to say: “…we have to let justice take its course.” That’s a fine approach, I guess, if you’re still alive to see it happen. With no ability to defend themselves, jewelry store owners are sitting ducks. Hope the judicial system comes to its senses and drops the charges against the store owner.

The liberal anti-gun crowd here in America would just as soon see it the same way here: “you don’t need a gun, the authorities can take care of that for you.” Only problem is, when you need protection in seconds, the police are minutes away, and it’s too late.

Outrage is growing in France over the decision to bring voluntary homicide charges against a jeweler who shot and killed an escaping robber, but the country’s top security official on Tuesday urged fearful storekeepers to let justice take its course.

The 67-year-old jeweler, Stephan Turk, was confined at home with an electronic bracelet after the shooting last week that left a teenage robber dead in the street outside Turk’s jewelry story in the French Riviera city of Nice. An accomplice escaped on a motorbike as the body lay in the street.

In a country where gun violence is rare but armed robbery is increasingly common, the shooting – and the formal charges of voluntary homicide – have placed the government in a difficult position.”Even when faced with the unbearable, we have to let justice prevail,” Interior Minister Manuel Valls said Tuesday in Nice, where he was sent by the president a day after a protest by hundreds of Turk’s supporters.

Jewelers in southern France say they’re being targeted as never before and lack the resources to protect themselves.

via News from The Associated Press.

Navy Yard Shooting: The Rabid Anti-Gun Crowd Remains Unmoved.

The idea that trained military personnel aren’t allowed to carry military-issue weapons on military bases almost seems insane, doesn’t it? Yet this seemingly insane policy has helped contribute to the body count at two U.S. military bases in recent memory (and countless other “gun-free” locations like VT and Newtown). The anti-gun crowd remains steadfastly opposed to the idea that law-abiding, gun-carrying citizens (or even trained military personnel) would have ended these situations a lot sooner. Here is more evidence.

A friend and LI reader, who has to remain anonymous because of his job, sent me an email last night about Marty Bodrog, who was killed in the Navy Yard shooting:

My USNA ’81 classmate Marty Bodrog was killed yesterday by the douchebag at the Navy Yard.

Here’s the thing. The very first week of training at the Naval Academy in July 1977 during “plebe summer” we woke up at about 0600 and the second thing we did (after PT) was to go across the Severn River on boats to the Annapolis Naval Station to the shooting range, where we were all (1000 or so of us) trained by enlisted (many Vietnam veteran) Marines in how to shoot a Navy 45 caliber pistol.

By the end of the week I shot expert and was awarded the Navy Expert Pistol Medal. Not everyone did that, but we were all exceptionally well trained.

I have no doubt that if Marty was armed he would be alive and that douchebag would be dead. It is such a tragedy.

Just thought I’d share, since no one will ever bring up anything like this.

When help is needed in seconds, the “authorities” with guns are only minutes away.

via Navy Yard shooting | Martin Bodrog.

Best Photoshop. EVER.

By @b_keyser (not sure if the Twitter embed thingy is working – if the pic doesn’t show, just copy the link into your address bar. You’ll be glad you did).

Obama’s horsey ride http://t.co/gES9Rp5vqI

— bkeyser (@b_keyser) September 14, 2013