Posts Tagged ‘Eric Cantor’

“A Sinkhole In Virginia!”

GOP leadership takes a huge hit!

Political history was made in Virginia on Tuesday night during Virginia’s Primary. But it wasn’t the historical event Republicans could get excited about.

When incumbent Eric Cantor lost his seat in the House of Representatives last night, there was no celebration, there were no streamers, and no fireworks. There was no exultation and no cheerful acceptance speech.

Only remorse and somberness!

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Posted in Congress, Election 2014, Republican Hopefuls, Republicans, Tea Party | Comments Off

“Bank of the Commonwealth Closes In Virginia”

Cantor’s state loses its second bank this year!

The Bank of the Commonwealth, Norfolk, Virginia was closed by the FDIC on Friday. It was only the second bank closed in Virginia this year and the 72nd bank closed in 2011.

But, the Virginia bank will cost the Deposit Insurance Fund (DIF) $268.3 million. And, the FDIC entered into a loss-share agreement with Southern Bank and Trust, the acquiring bank, of $798.2 million dollars.

Only 12 banks have been seized in August and so far in September, but there is one week left in the month.

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Posted in FDIC Foreclosures | Comments Off

“Republicans Run From the Truth: Again!”

This new article has been posted at The Huffington Post and on wsj.com.To read it there click on the link.

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Like spoiled children the remaining two Republicans quit bipartisan budget talks.

Majority Leader, Eric Cantor, and Senator, Jon Kyl, the last two GOP members, left the Biden chaired budget negotiations.

But this is not the first time Republicans have quit.

Because things weren’t going his way, Senator Tom Coburn, left the Gang of Six. Sarah Palin continues to quit everything she starts, more recently her big bus vacation. And Republicans have, over and over, abandoned positions they had previously supported as soon as the Democrats or Obama endorse them, even if they’re good for the nation.

This time, the consequences may be more serious—the results far more devastating.

Why, when negotiations reach critical points, do Republicans take their ball and head home?

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Posted in Budget, Economy, Election 2012, HuffPost Articles, Politics, Republican Crises | Comments Off