A blog from the center trying to save the middle class from being totally screwed by the elites from both parties.
Wednesday, December 31, 2008
Looking back on 2008
Well let's see there was a writers strike:
William F. Buckley dies
Jeremiah (Wright) was a bullfrog or was he just a good friend of Barack Obama who gave a speech on race in March
In New York City having three kids becomes a status symbol.
Barack Obama pulled some stats out of his butt but, most in the mainstream media never checked him on it.
Tim Russert died
Something was not kosher at a meat packing plant in Iowa and it concerned illegal immigrant workers.
My employer sent me out to Minneapolis to set up communications systems for the Republican convention. Loved that balloon drop
It was bailout mania in September Nancy Pelosi said "The Party is Over" looking back the party had just begun and the money has not stopped flowing since.
Obama downplays his involvement with ACORN and as usual the liberal media does a Sargent Schultz and sees nothing wrong with the connections.
Monday, December 29, 2008
Obama's tax cut plan is a good one
"Obama, in the second week of a vacation in Hawaii, continues to work on his economic plan, aides said. He is considering immediate tax cuts of $1,000 for couples and $500 for individuals, which would be delivered through reduced tax withholding from paychecks, a transition aide said. That plan could cost about $140 billion over the next two years, the aide said."
I think this plan is good for a number of reasons because it:
1)Can be implemented fast and with immediate results.
2)Can be implemented multiple times (if needed) without delay.
3)Would eliminate “pork” and costly bureaucratic delivery of checks (from the IRS) since the money will go directly and immediately to U.S. taxpayer’s wallets.
4)Would encourage people to be legally employed and not work “off the books”. Increasing tax revenues that would otherwise be lost.
It's this kind of thinking from the Obama administration that may help the middle class more than any Bush Administration or Pelosi/Reid left leaning Democratic proposals ever did. I say Obama should go for it.
Sunday, December 28, 2008
War children is just a shot away....
Thursday, December 25, 2008
Christmas Greetings from AIG and the Federal Reserve
"The fund created by the Fed and AIG to protect the insurer's customers from losses has now purchased collateralized debt obligations with a face value of about $62.1 billion, the firm said in a statement."
"The business guaranteed more than $70 billion in securities created by pools of different kinds of debt, including sub prime mortgages, that plunged in value. The federal government committed $150 billion to bail out AIG and prevent losses at investment banks that bought protection on fixed-income securities from the insurer."
Whoa! AIG only guaranteed $70 billion in securities. But, we taxpayers gave them $85 billion and then another $65 billion in loans? What wrong with this picture?
Wednesday, December 24, 2008
Merry Christmas: I got yer stimulus right here!
If we're going to call it a stimulus package, it has to be stimulating and has to be stimulating now. I think there are members of our caucus who are trying to create a Christmas tree out of this," said Rep. Baron P. Hill (Ind.), incoming co-chairman of the Blue Dog Coalition, a caucus of 51 fiscally conservative House Democrats.
The Christmas tree is a good analogy. While it looks pretty for a while in the house. It eventually winds up on the street with all the other trash a symbol of wasted money. Let's hope Dems like Rep. Hill and the Obama administration keep their eye on the money and make sure we taxpayers get the most out of every dollar spent in the "stimulus" bill.
Monday, December 22, 2008
No solace in Solis
"Solis is viewed as quite liberal and has sometimes been criticized as inflexible in advancing her causes."
"The business community's concern over the appointment is especially great because of a fight coming up next year over efforts to pass the Employee Free Choice Act, the top priority for labor unions. The measure is designed to boost union membership by having employees sign union cards to form unions instead of holding secret ballot elections."
As a union member nobody asked me whether I am in favor of the "Employee Free Choice Act" which basically does away with a secret ballot in union organizing elections. So workers will be at the mercy of strong arm tactics of Union thugs working for unionization votes. With a secret ballot the wishes of workers are protected. I hope Obama and Hilda Solis understand that.
Sunday, December 21, 2008
My car is died and Detriot is not looking too healthy either.
Monday, December 15, 2008
George Bush's Guava moment
Sunday, December 14, 2008
"Stopping" illegal immigration Mexican style
"Between January and September, the National Migration Institute, Mexico’s immigration service, deported 350 Americans, some of them lawbreakers who had finished prison sentences in the country, but others merely travelers who were found to be without proper paperwork.
One of them was the scruffy wanderer in his early 40s who goes by the name Crash, eschews regular employment and racks up stories of his adventures.
“I didn’t know you could be deported from Mexico,” he said, requesting that his full name not be used to avoid running further afoul of the law. “I didn’t know it was possible. Now I know.”
He said he had been riding in the back of a pickup truck from Huatulco, a popular vacation spot in the southern state of Oaxaca, to the resort city of Acapulco several weeks ago when the vehicle approached a checkpoint. The authorities asked Crash for his passport. He did not have one.
He said he was taken away and later found himself in a police lineup. He said he had been told that a woman had been robbed in Acapulco by a blond man with a goatee. Looking at the other men in the lineup, Crash said they could have been his brothers, all of them blond and with goatees.
He was not chosen as the robber but said he was sent to jail nonetheless, which was not an altogether unpleasant experience for Crash. “The cell was better than some of the 300-peso hotel rooms I’ve stayed in,” he said. “The only thing was that it had bars.”
He said he spent about a week there while the American Consulate prepared travel documents for him. When informed that he was going to be deported to the United States, he said he initially could not believe it. “I thought to myself, ‘You’ve got to be kidding. This is a joke. You’re deporting me from Mexico?’ "
See how easily it's done? Perhaps someone at Homeland Security would take note of this.
Sunday, December 07, 2008
Obama forgot something
"On the heels of more grim unemployment news, President-elect Barack Obama yesterday offered the first glimpse of what would be the largest public works program since President Dwight D. Eisenhower created the federal interstate system in the 1950s.
Obama said the massive government spending program he proposes to lift the country out of economic recession will include a renewed effort to make public buildings energy-efficient, rebuild the nation's highways, renovate aging schools and install computers in classrooms, extend high-speed Internet to underserved areas and modernize hospitals by giving them access to electronic medical records."
Seems Obama forgot about one public works project already underway that would not only provide jobs but, would also help secure the nation as well. Hey Obama how about finishing the border fence!
Saturday, December 06, 2008
No more Kennedys!
Wednesday, December 03, 2008
Death of two liberals
"A young woman who had once stayed overnight at the Chevy Chase home of a couple who were killed there last week led two fellow attackers to the house, according to police charging documents released yesterday after her initial court appearance.
Angela Hernandez, 20, told D.C. homicide detectives that she and two friends were riding in a white Toyota on Nov. 20 when she pointed out the home of Michael Spevak, 68, and his wife Virginia, 67, according to the charging papers. One of her companions said, "Let's rob it," the documents state."
Hernandez is charged with first-degree murder and felony murder, federal prosecutors said.
The Spevaks' bodies were found Saturday in their home in the 5300 block of Belt Road NW. Hernandez, arrested late Wednesday, is the second suspect charged in the killings. On Tuesday, police arrested Piero Fuentes Hernandez, 21, of Capitol Heights in connection with the case. He is not related to Angela Hernandez.
The Spevaks were well-regarded in their neighborhood. Michael Spevak, a psychiatrist, saw patients in the family home. Virginia Spevak devoted time to helping youths in the District's foster care system. It was the Spevaks' commitment to foster care that provided the nexus with their killers, the charging documents allege.
Initially, police said, Hernandez said she knew the names of the people who might have stolen the Toyota Scion but denied any knowledge of the killings. She then admitted that she knew the victims, had visited her friend "Anna," the couple's former foster child, at the Spevak home several times and had spent the night there, although she had not been at the home in two years, according to the charging document.
Eventually, the court document states, Hernandez admitting pointing out the home to her two companions, one of whom was armed with a metal "pole type weapon," the other a gun.
According to the account provided by the charging document, Hernandez said she told Fuentes Hernandez to ring the doorbell and ask for Anna. Hernandez said Michael Spevak opened the door, and her two companions forced their way in and dragged Spevak into the house. Hernandez said she left the house and waited in the Toyota. Minutes later, her two companions came out carrying computers, which they put in the trunk before driving away.
"Fuentes Hernandez told police that he is a member of the MC Gang, or Master Criminals, which is an affiliate of STC, or Street Thug Criminals, according to the charging documents filed in support of his arrest. Hernandez told detectives that she has not been initiated into a gang but has friends who are with the MC Gang, STC, and MS-13, according to charging documents in her case."
Three days after the killings, Hernandez and Fuentes Hernandez posed for photographs in a photo booth, copies of which federal prosecutors attached to the Hernandez charging documents.
A legend above the series of photos proclaims "WANTED For Just About Everything." The two are kissing in one photo and sticking their tongues out in another."
How charming! I wonder if they used any of the money from the home of the Spevaks to take those pictures.
Saturday, November 29, 2008
Black Friday turns red with blood.
Others where not so lucky:
"A stampede of shoppers in a Valley Stream Wal-Mart on Friday morning left one worker dead and at least three patrons injured after an impatient crowd broke down the store doors and trampled the seasonal employee, Nassau police said.
Jdimytai Damour of Jamaica, Queens, was pushed to the ground by the 2,000-plus crowd just before 5 a.m. as management was preparing to open the store, which is located across from the main Green Acres Mall building. Hundreds stepped over, around and on the 34-year-old worker as they rushed into the store."-Newsday
Even worse is what transpired in a Toys R Us store in Palm Desert California:
"Two men pulled guns and shot each other to death in a crowded toy store Friday after women they were with got into a bloody brawl for unknown reasons, witnesses said. Scared shoppers fled but no one else was hurt.
The violence erupted on Black Friday, the traditional post-Thanksgiving start of the holiday shopping surge, but authorities indicated the shooting shortly after 11:30 a.m. was not prompted by shopping frenzy.
Riverside County sheriff's Sgt. Dennis Gutierrez said the fight was not over a toy. He said handguns were found by the men's bodies. He would not answer a question about whether the shooting was gang-related."
The victims were identified as Alejandro Moreno, 39, of Desert Hot Springs, and Juan Meza, 28, of Cathedral City."
I wonder if we will ever get the full story of what happened here. At least these two only shot themselves. But, it gives new meaning to the term shop til you drop.
Friday, November 28, 2008
Thursday, November 27, 2008
Thanksgiving
1)That John (Juan) McCain is not President.
2) That Obama seems to be taking a more centrist position in setting up his administration.
3) That things may be improving in the housing market according to a story in today's Washington Post:
Would-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending.
With interest rates suddenly plummeting, "the phone is ringing, the e-mails keep coming," said Jennifer Du Plessis, a mortgage adviser at Prosperity Mortgage, the lending arm of Long & Foster. "Real estate agents are hovering outside our office saying: 'I've got another client who wants to refinance.' "
Now if we can only keep Congress and whatever administration from doing something stupid like buying up "toxic assets" aka sub prime loans with good taxpayer money we may actually be seeing light at the end of the tunnel in this economic downturn. This is certainly something to be thankful for.
Monday, November 24, 2008
Song for Citibank with the Paulson Subprime singers
"The Treasury Department, Federal Reserve and Federal Deposit Insurance Corp. announced just before midnight Monday that they will protect Citigroup, one of the nation's largest banks, against potential losses on a $306 billion pool of troubled assets. "
How are we to account for this turn of events? The answer is in this video.
Sunday, November 23, 2008
Taking the profit out of Non Profit.
"After nearly a decade of record growth, U.S. nonprofits are getting hit from all directions. Some foundations are scaling back on awarding grants as endowments shrink in the stock market meltdown. State and local governments -- facing falling tax revenue -- are slashing budgets and cutting back on funding."
"Fannie Mae and Freddie Mac. The mortgage finance giants have long been the Washington region's biggest corporate benefactors and gave a combined $47 million to charities last year. As a result of the federal takeover, Fannie and Freddie could decrease or halt their giving altogether, reshaping the area's philanthropic landscape. "
It's about time somebody looked at the money trail in the non profit sector. Non profits have been under the radar for so long just like the sub prime problems at Fannie Mae. It's time to take a good look at them and see who deserves to survive and is cost effective in providing needed services and who is just providing a "feel good" job for some liberal elites at taxpayer and donor expense.
Friday, November 21, 2008
Obama picks Napolitano for Homeland Security
Say isn't that Janet Napolitano with Eliot Spitzer? Uh Oh!
Tuesday, November 18, 2008
Obama and McCain
Meanwhile the Washington Post reports on a new poll regarding illegal immigration. Here are some of the money quotes:
"Americans and Europeans share deep concerns about immigration, with a large percentage worrying that it can bring crime and displace workers "
People on both sides of the Atlantic express sharply negative views of illegal immigration, and roughly half of respondents said they think immigration in general is "more of a problem" than an opportunity for their societies.
"Real anxiety about legal immigration exists, but it is dwarfed by concerns about illegal immigration," the fund said in a statement yesterday. At least 80 percent of respondents in all surveyed countries called for stronger border controls, and more than 73 percent in all the countries called for tougher sanctions on those who hire illegal immigrants.
I hope Obama listens to the numbers in this poll and less to John McCain.
Saturday, November 15, 2008
Obama may pick Hillary Clinton for Secretary of State?
Friday, November 14, 2008
The TARP plan was always a turd
"How can people be so stupid. Does anyone in congress understand that if you reward irresponsible behavior you will get more of it? I feel like an idiot for paying my bills and living within my means. I would say write your representatives but the last time we did that we were punished by making a 700B dollar bill an 850B dollar bill. This is beyond outrageous. The worst part is this will do nothing to solve the problem. NO more bailouts for corporations or the greedy and irresponsible people who bought homes they could never afford."
Sounds like good advice.
Monday, November 10, 2008
Dumbocratic teachers for Obama
Sunday, November 09, 2008
News media quote of the day or now they tell us!
"The Post provided a lot of good campaign coverage, but readers have been consistently critical of the lack of probing issues coverage and what they saw as a tilt toward Democrat Barack Obama. My surveys, which ended on Election Day, show that they are right on both counts. "
Looks like someone will have to break the news to MSNBC's Keith Obamamann and Chris (tingle in the legs ) Matthews that they were not the only Obama butt boys. Now about that coverage or lack of coverage of Ron Paul in the primaries...
Saturday, November 08, 2008
Obama gets it wrong. Is he channeling Joe Biden?
"At a news conference in Chicago, Obama said he had spoken with all the living presidents as he prepares to take office in January. Then he smiled and said, "I didn't want to get into a Nancy Reagan thing about doing any seances."The 87-year-old former first lady had consulted with astrologers during her husband's presidency. But she did not hold conversations with the dead."
Obama got this wrong. What was he thinking? Maybe about that other first lady Hillary Clinton?
"In his book "The Choice," Washington Post reporter Bob Woodward described how Clinton consulted with a spiritual adviser who led her through imaginary conversations with her personal hero, Eleanor Roosevelt. Newsweek magazine, which was promoting the book, characterized the visits as "seances," a term that White House officials quickly tried to squelch."These were people who were helping her laugh, helping her think," said Neel Lattimore, Clinton's spokeswoman. "
Perhaps we should chalk this faux paus by Obama to the Biden Effect.
Tuesday, November 04, 2008
Friday, October 31, 2008
Who will tell Obama's sheeple?
"Barack Obama’s senior advisers have drawn up plans to lower expectations for his presidency if he wins next week’s election, amid concerns that many of his euphoric supporters are harbouring unrealistic hopes of what he can achieve. "- Times of London
I guess the most of the American media is still drinking the Obama kool aid to report on this story.
Sunday, October 26, 2008
Divided we have more debate and responsible government
"In both chambers, liberal stalwarts are eager to turn on the spigot for increased spending on health-care, housing and education programs."
Somebody needs to tell these liberals. It's not about spending it's about governing.
"Democrats will face an early test when it takes up the children's health insurance bill vetoed by President Bush, as one of the new Congress's first tasks next year. The legislation would offer coverage to an additional 4 million children and is being portrayed by Democrats as a first step toward fulfilling Obama's pledge to provide universal health care.
Liberal Democrats are expected to expand the program further, to include children of illegal immigrants. But Hoyer said that would be asking for too much, financially and politically. "
And the American people especially don't want there money to be spent on illegal immigrants who have broken our laws.
"You might be able to do big things that have been blocked by divided government," said David Rohde, a Duke University political scientist. "But the potential pitfall is you can overreach, alienate the opposition party and alienate independents -- sowing the seeds of your own destruction."
Very true. The danger is once the liberal Democrats get near the money they can't won't be able to stop spending it. Much like the Republicans in the recent past.
Sunday, October 19, 2008
Idiot bankers and us sucker taxpayers
"Saying he was “in this game for the money”, Mr Lahde went on to mock those who traded with him.
“The low-hanging fruit, ie idiots whose parents paid for prep school, Yale and then the Harvard MBA, was there for the taking.”
“These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government.
“All of this behaviour supporting the aristocracy only ended up making it easier for me to find people stupid enough to take the other side of my trades. God bless America.”
Thank you Mr Laude for confirming what I suspected all along.
Thursday, October 16, 2008
Obama, ACORN and the Presidency
"Now, with respect to ACORN, ACORN is a community organization. Apparently what they've done is they were paying people to go out and register folks, and apparently some of the people who were out there didn't really register people, they just filled out a bunch of names."
Except Mr. Obama this has been happening over and over through the years in a number of states. Only now is this rampant fraud starting to be exposed.
"It had nothing to do with us. We were not involved. The only involvement I've had with ACORN was I represented them alongside the U.S. Justice Department in making Illinois implement a motor voter law that helped people get registered at DMVs."
Now this was a little bit of shuck and jive on Obama's part. Because there was no mention of the $832,598 payment made in February by the Obama campaign to Citizens Services Inc., a consulting firm affiliated with Acorn.
The Obama campaign initially reported that the payment was for “staging, sound, lighting” and other advance work when it reported its expenditures with the Federal Election Commission. It filed amended reports in August and September to reflect that those payments were for get-out-the-vote efforts. Also not mentionedwas Obama's training seminars for ACORN workers.
"Now, the reason I think that it's important to just get these facts out is because the allegation that Sen. McCain has continually made is that somehow my associations are troubling."
Troubling I'll say it's troubling watch this video from December 2007 to see what to expect from Obama's presidency and the influence of ACORN. Ask yourself what exactly does she mean by "community values" . Here is exhibit A:
Monday, October 13, 2008
Signs the economy is getting hot.
"Last year, Alexandria residents Yesenia Gomez and her husband, Jose Reyes, fell behind on payments on their 2007 Dodge Caravan. According to prosecutors, a middle school pal of Gomez's, Daybin Rodriguez, told Gomez that he'd burned a car in the past and could do so again.
Gomez decreased the minivan policy's deductible, and a week later the vehicle was found torched in Mason Neck State Park in Lorton, prosecutors said. She and Rodriguez have since entered pleas to destruction of property charges. Charges against Reyes were dropped.
Sunday, October 12, 2008
Obama's "elitism" strikes a cord in some voters.
'Well, don't we want an elite person as President? I'm mean in our military we want an elite fighting force.'
You can't make this stuff up. This answer is as frightening as the McCain supporter who called Obama an Arab.
Thursday, October 09, 2008
Eugene Robinson crys the News
"we think of ourselves as working in the public interest. We repeatedly remind everyone that our right to do our jobs however we see fit is enshrined in the First Amendment. "
Note to Eugene Robinson: That first amendment does not only apply to six figure salaried columnist at the Washington Post but, also to working class guys sitting at a keyboard at 6:30 in the morning commenting on the news of the day or the news media, Get used to it! Mr. Robinson.
"We love to quote Thomas Jefferson about how he would rather have newspapers without a government than a government without newspapers. "
I suspect that if Thomas Jefferson were alive to day he might say the same thing except because of the continuing failures of the mainstream news media he might phrase it a little differently. Perhaps something like this:
I would rather have a country without newspapers than a country without bloggers.
I think Jefferson would truly understand that bloggers are truly the voices of the American people not columnist at organizations like the Washington Post. I suspect Jefferson would be a blogger too.
Robinson continues:
"But in the Jeffersonian sense, we know that it's not in the public interest to spend the rest of the campaign talking about fringe characters who once crossed paths with Obama, McCain, Palin or Joe Biden instead of debating the economy, the war on terror, health care or any of the other big issues that will define the next presidency. "
Uh, like illegal immigration? Have we heard one peep from the candidates or the news media about this issue? How about when candidate Obama just makes stuff up in speeches as he did in May. Did the Washington Post cover it? I guess since it was Obama and not McCain it was not considered news.
Tuesday, October 07, 2008
Congress and the bailout: Bad hand or bad idea?
"Last week, the nation's political leaders said the financial system would collapse unless they passed a $700 billion rescue package for Wall Street. On Monday, the first day of trading after the plan passed, the financial system continued to melt down anyway. "
The American people told congress that this was a bad idea they did not listen.
Monday, October 06, 2008
Voter fraud, ACORN and the Washington Post
There was no mention of the voter registration fraud that ACORN has been caught in. Michelle Malkin has been on the case for awhile and recent testomony before congress has shed more light on the voter registration fraud that is going on in our Democracy.
"Here are the most important questions right now: We know about the thousands of potentially fraudulent voter registration cards turned in by ACORN and caught by officials. But given the size of ACORN's efforts and the fact that the abuses appear to be systemic, we believe it is fair to question how many more fraudulent registrations have not been discovered, Furthermore, as this mega organization with a decades long history of violating the law is turned to get out the vote efforts, we believe it is fair to question how many fraudulent registrations may lead to fraudulent votes or what other activities they are willing to undertake to influence the election. ?
Perhaps if the Washington Post had dug a little deeper they would have exposed this threat to our democracy. But in Obamaworld it seems that liberal news organizations like the Washigton Post have a see no illegal write about no illegal activity view when it comes to Obama and the Democrats.
Saturday, October 04, 2008
I was robbed
Wednesday, October 01, 2008
Bank, bailouts, extortion and the Senate
Tuesday, September 30, 2008
Bailout failure: They call it Democracy!
Funny how the Post like some of the polititans in Washington is calling this a "rescue" when the American people overwelmingly know this is a bailout of the idiots of Wall Street. Speaking of idiots. How about that Nancy Pelosi? here are some of the money quotes:
"The Democratic side more than lived up to its side of the bargain," said House Speaker Nancy Pelosi (D-Calif.). "
Bargain my ass! Creating legislation to spend $700 billion of taxpayer money is not a bargain this was a bailout of Wall Street. The American people know it and they let their representatives know it in know uncertain terms.
"What happened today cannot stand," Pelosi said. "We must move forward, and I hope that the markets will take that message."
What can not stand ,Nancy? The will of the American people? Who flooded the offices of their Representatives with calls that this plan sucked? They call it Democracy for better or worse you and everyone else in Washington had better remember that!
Monday, September 29, 2008
BAILOUT: Hola suckers!
pulls back the curtain to show the 800 pound Gorilla sitting in the room where this bailout scam was negotiated here are the money quotes that will cost the American taxpayers:
It’s no coincidence that most of the areas hardest hit by the
foreclosure wave – Loudon County, Virginia, California’s Inland Empire,
Stockton, San Joaquin Valley, Las Vegas, and Phoenix, for starters — also happen
to be some of the nation’s largest illegal alien sanctuaries. Half of the
mortgages to Hispanics are subprime (the accursed species of loan to borrowers
with the shadiest credit histories.
I’ve reported on the rapidly expanding illegal alien home loan racket.
The top banks clamoring for their handouts as their profits plummet, led by
Wachovia and Bank of America, launched aggressive campaigns to woo illegal alien homebuyers. The quasi-governmental Wisconsin Housing and Economic Development Authority jumped in to guarantee home loans to illegal immigrants.
The Washington Post noted, almost as an afterthought in a 2005 report:
“Hispanics, the nation’s fastest-growing major ethnic or racial group, have been
courted aggressively by real estate agents, mortgage brokers and programs for
first-time buyers that offer help with closing costs. Ads proclaim: “Sin
verificacion de ingresos ! Sin verificacion de documento !” — which loosely translates as, ‘Income tax forms are not required, nor are immigration papers.’”
Yes, Nancy Pelosi had it right "The Party is over. But, for groups like La Raza and the illegal immigrants and banks who have these sub prime loans the party has just begun. Meanwhile we American taxpayers are the ones who will be left to clean up the mess thanks to this bailout bill. Hola suckers!
Sunday, September 28, 2008
Wall Street is selling it's sh$t! Guess who is buying it?
Congressional leaders and the Bush administration this morning said they
had struck an accord to insert the government deeply into the nation's financial
markets, agreeing to spend up to $700 billion to relieve Wall Street of troubled
assets backed by faltering home mortgages.
Yes Wall Street is selling it's sh$t and we tax payers are buying it! Hello suckers!
Full details of the plan were not immediately available.
That's because the devil was busy looking at it and try to find a way to climb into it.
There was at least one good piece of news the Republicans seemed to have been able to get the Democrats to drop their demand that suspect "social services" groups like A.C.O.R.N don't get hold of any taxpayer money since their record of corruption and voter registration fraud is one of the under reported scandals in this whole mess. Here is the money quote:
They also agreed not to dedicate a portion of any profits from the bailout
program to an affordable housing fund that Republicans claimed would primarily
assist social service organizations that support the Democratic Party, the
official said
Only time will tell how badly we taxpayers are being screwed by this legislation and those who negotiated it want this passed before the opening bell of Wall Street. So it looks like our time is up!
Saturday, September 27, 2008
Bailout Barney Frank to the rescue! Of who?
"I am convinced that by Sunday we will have an agreement people will understand." -Barney Frank
Oh we understand Congressman Frank. We understand we taxpayers are about to be screwed by a bailout orchestrated by the banks and financial institutions like Bank of America to save their butts because of the bad sub prime loans THEY made.
Friday, September 26, 2008
No Boo Hoos for WAMU!
"Federal regulators last night seized the massive, troubled mortgage lender Washington Mutual in the largest bank failure in U.S. history,"
J.P. Morgan submitted the highest bid in an auction regulators held Wednesday night, buying Washington Mutual's 2,200 branches, its $135 billion in remaining deposits -- and its vast portfolio of troubled investments in mortgage-related securities.
My my how could this have happened? As Diggers Realm reported a while ago here is an example of the kind of sub prime mortgage that Washington Mutual gave out:
"Soledad Aviles, an immigrant from Mexico with a 6th grade education who can't read or write English and makes $9 an hour, was approved for a mortgage of $615, 000 by Washington Mutual. It should be noted off the bat that Washington Mutual is one of many banks that accept the Matricula Consular ID card as proof of identity and which is easily forgable."
"Referred to a local loan broker by a trusted friend, he borrowed the entire purchase price of $615,000 from Washington Mutual at a high interest rate typical of sub-prime loans. The monthly payment, as he says he understood it, would be $3,600 -- steep for a glass cutter who made $9 an hour"-
Gee, What could go wrong here? Meanwhile Congress and the mainstream media continues to ignore exactly who these banks like Washington Mutual were giving mortgages to and why we should not be surprised how things turned out and why these banks deserve to fail and not a penny of taxpayers money should be spent to save them.
Wednesday, September 24, 2008
BAILOUT: The fix was in...
"Bank of America, which is in the process of acquiring Countrywide Financial and has potentially huge exposure, has circulated a proposal to create a new federal agency that would buy vast quantities of delinquent mortgages at a deep discount and replace them with fixed-rate federally guaranteed loans."-New York Times 2/2008
That sounds very similar to what is being railroaded in in Washington this week. Just remember I told you so.
Monday, September 22, 2008
Stupid money and the common sense of mainstreet.
"Ed Merkle, 58, as he pointed to the "for sale" signs lining his street.
But Merkle, a defense contractor, said he has lived within his means in an era of easy credit. He didn't take on a huge loan even when his bank encouraged him to dream bigger.
"I've been financially responsible with my own money. Why should I now be responsible for the fact that you were not?" he said. "
""If I spent more money than I have, I don't deserve to have somebody bail me out," said John Owens,"
"This may be a Main Street bailout backlash in the making. The details of the financial crisis are still hard for most people to follow -- what with talk of exotic "derivatives" known as "credit-default swaps" and so on -- but the central fact of the matter hasn't been lost on anyone in this Northern Virginia community: The taxpayers are on the hook for the bad judgment of others. "
Backlash indeed! I say bring it on and take it to Washington and Wall Street.
Wednesday, September 17, 2008
Tuesday, September 16, 2008
Media bias exhibit A: Jill Greenberg
“I left his eyes red and his skin looking bad…He had no idea he was being lit from below."
An Atlantic staff writer Jeff Goldberg had it right when he wrote that Greenberg had:
“disgraced her profession.”
Meanwhile Atlantic Editor James Bennet said Greenberg behaved improperly and will not be paid for the session. He said the magazine is also considering a lawsuit. As for Greenberg she last night published some of the worst photos of McCain on her website which is appropriately known as manipulator.com. However this idiot has now taken down the photo from her site. So much for the courage of her convictions.
Monday, September 15, 2008
Monday Morning do you know where your money is?
Monday, September 08, 2008
Socialism comes to Wisconsin Ave.
"There is no guarantee that the takeover will work, and it comes at a potentially massive cost to taxpayers. The government has pledged to inject money in the companies in any quarter in which they would otherwise be insolvent -- up to $100 billion in total for each company. "
How nice! No guarantee that after spending up to 200 billion that this may not work. If somebody in congress proposed such legislation would Bush sign it?
"Paulson also announced a separate program in which the government will start buying securities backed by mortgages -- $5 billion worth, initially. That will, in effect, subsidize the purchase of homes by lowering the interest rate that buyers must pay for a mortgage."
Why do we taxpayers have to be the only ones to buy these mortgage backed securities? Paulson should have made all those banks and institutions who gave out the loans to unqualified home buyers and illegal immigrants and then bundled them into securities be required to buy these mortgage backed securities on a 50 50 basis. Why not they caused this problem in the first place they need to share the pain of the recovery not just us taxpayers.
Sunday, September 07, 2008
U.S. Taxpayers about to get smacked in the Fannie Mae
Here are some of the money quotes:
"For years, they played high-profile roles in the political and civic life of Washington, hiring armies of lobbyists to help protect their unique status and, through foundations, giving vast amounts of money to charities large and small. That began changing with a series of accounting scandals beginning in 2003. The housing crisis raised more questions about their structure and operations."
Were was the in depth reporting of the mainstream press when this was going on? Following the antics of Britney Spears no doubt!
"It's a case where market psychology became more important than the fundamentals, and that's why they had to act," said Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee"
Huh? Fundamentals are good but, investors are scared so let the taxpayers pay billions to make sure these "investors" sleep well tonight but taxpayers will be paying for years. I smell something fishy going on.
Tuesday, September 02, 2008
Report from the Republican Convention
You knew security was tightening when last week you began to notice things like workers welding the manhole covers around the EXCEL center welding the manhole cover shut.
Monday, August 25, 2008
Guess where I am going?
Saturday, August 23, 2008
Obama/Biden in 08? I don't think so.
Sunday, August 17, 2008
Why am I not surprised
While Nancy Pelosi and her liberal dumbocrats continue to cave in on issues like this just like they have been doing on everything from the Iraq war vote, wire taping and giving immunity to the telcom companies. With this latest flip flop on offshore oil drilling we will increase and extend our dependence on oil and push back development of new technologies. As for me I spent yesterday doing a preliminary checkout of a new 48 volt solar panel I recently bought. I am not waiting for anyone in Washington to promote any "alternative energy" proposals. Especially not the weasel Democrats.
Tuesday, August 12, 2008
John Edwards: The lying lawyer Democrat
"n 2006, I made a serious error in judgment and conducted myself in a way that was disloyal to my family and to my core beliefs."
What an idiot. If you believed them you never would have climbed in the sack with Rielle Hunter. You did not really believe them. Did you?
"I was and am ashamed of my conduct and choices, and I had hoped that it would never become public."
Well I can believe the last part of that statement but, the first is pure BS.
"I am and have been willing to take any test necessary to establish the fact that I am not the father of any baby, and I am truly hopeful that a test will be done so this fact can be definitively established. I only know that the apparent father has said publicly that he is the father of the baby. I also have not been engaged in any activity of any description that requested, agreed to or supported payments of any kind to the woman or to the apparent father of the baby. "
TRANSLATION: As a lawyer I have not personally authorized payments to this woman, or anyone else who might be taking the heat because of my screw up. But, that does not mean that someone else might be doing it.
"It is inadequate to say to the people who believed in me that I am sorry, as it is inadequate to say to the people who love me that I am sorry."
Ya think!
"In the course of several campaigns, I started to believe that I was special and became increasingly egocentric and narcissistic. If you want to beat me up -- feel free. You cannot beat me up more than I have already beaten up myself. I have been stripped bare and will now work with everything I have to help my family and others who need my help. "
Beat you up? No reason to beat you up we the people should just put your picture the Hall of the Lying Sack of Shit Politicians and shut the door.
Tuesday, August 05, 2008
McCain's VP choice: Bloomberg
Monday, August 04, 2008
New York Times at it again.
Here are some of the money quotes:
"The journey to Jolomcú is an arduous one, as Mr. Jiménez’s new legal team discovered when several members — a lawyer, a paralegal, a priest and a bioethicist — first traveled there to meet him."
Amazing what the lure of money from lawsuits will make some people do. Like make "arduous journeys" to foreign countries to find clients.
As usual in the New York Times articles you have to read all the way to the end to see that the "client" is not as brain damaged as the reporting and lawyers might have you believe.
"Much to the surprise of his visitors, Mr. Jiménez, despite his brain injury, could read. He smoothed out the yellow legal paper from Mr. Gaspar and began: “I am sending you some little things. Luis, I hope that you like them.”
At first, Mr. Jiménez read haltingly, then more fluidly. Later, when all his visitors had gone outside, he read the ending aloud again to himself."
I'm sure by the time his lawyers get through with him he will not be able to read at all. We shall see.
Sunday, August 03, 2008
And the Democrats are dumber.
"Obama said Friday that he would be willing to compromise on his position against offshore oil drilling if it were part of a more overarching strategy to lower energy costs.-CNN
But, back in June Obama was speaking a different tune:
"When I'm president, I intend to keep in place the moratorium here in Florida and around the country that prevents oil companies from drilling off Florida's coasts," Obama told reporters in Jacksonville in late June. "That's how we can protect our coastline and still make the investments that will reduce our dependence on foreign oil and bring down gas prices for good."
The fact is if you listen real close neither Juan McCain, the Dumbocrats like Obama or the oil companies are promising that if the oil companies get the moratorium lifted to drill off the U.S. coasts that the oil found will be used to provide energy to U.S. consumers. I will put this little tidbit of information in the "I told you so file" for later use.
Meanwhile back in the oil company board rooms:
"HOUSTON -Oil giants Chevron Corp. and Total SA wrapped up a string of gargantuan, record-breaking earnings reports Friday, a stretch in which six of the major international oil companies topped $50 billion in combined profit for the first time."
Hello suckers! Especially those who think voting for Obama means that there will be a real "change" in Washington.
Tuesday, July 29, 2008
Republican insanity
Monday, July 28, 2008
Something ain't kosher in Iowa and at the New York Times
"POSTVILLE, Iowa — About 1,000 people, including Hispanic immigrants, Catholic clergy members, rabbis and activists, marched through the center of this farm town on Sunday and held a rally at the entrance to a kosher meatpacking plant that was raided in May by immigration authorities."
Hmmm, the usual pro illegal immigrant activists protesting. But, notice no mention of "illegal immigrants" in this first paragraph. I guess the immigration raid in May swept them all up. Yeah right! Why are these "activists" protesting anyway? Read on...
"The march was called to protest working conditions in the plant, owned by Agriprocessors Inc., and to call for Congressional legislation to give legal status to illegal immigrants"
Ah there it is. Everything was fine as long as the illegal immigrants were allowed to violate U.S. laws, commit identity theft and get paid above minimum wage. But, now that the laws are being enforced and the illegal immigrants are being caught it's time to give the illegal workers legal status. Huh?
You need to read until the last three paragraphs to get quotes from people who really know what the immigration raids where really all about.
“It’s a felony when you take someone’s identity, and we think that needs to be out there when you talk about the supposed injustices against undocumented workers,” said Susan Tully of the Federation for American Immigration Reform, an organizer of the counterprotest."
Give the workers legal status after breaking our laws and committing felonies? I don't think so.
Sunday, July 27, 2008
Back on land
Sunday, July 06, 2008
The problemo Mr. Obama is....
Nice words from Obama looking out for the "little people". The problem is Senator is that some of the people you are bailing out with U.S. taxpayer money may not be here legally and that is a sub prime problemo.
Sunday, June 29, 2008
The Hispandering of Obama and McCain
That includes amnesty and a path to citizenship for the illegals who have broken our laws. Hey stupidos! Why would you grant citizenship to people whose first act in our country is to break our laws. A recent poll had the question which candidate do you favor for immigration reform. Obama or McCain. I did not answer because there was no choice for "none of the above". Which is how I plan to vote in November too!
Saturday, June 28, 2008
Hola Hamptons
Sunday, June 22, 2008
Oil suckers.
Saturday, June 14, 2008
Remembering Russert
What made Russert different from many of the other journalists in the mainstream media is his middle class background. There are far to few journalists today who have the sensitivity and common sense of the middle class. Tim because of his growing up in Buffalo the son of a hard working middle class sanitation truck driver understood what it meant to be middle class in America and never forgot it. He was more in tune with that segment of the American public than many of the others in the mainstream media. There are not many others in the media with the same sensibility. With Russert gone politics will not be the same, America will not be the same.
Monday, June 09, 2008
Bloggers: The new Sheriff in town
"Fowler is part of a new breed -- citizen journalist, liberal advocate, agent provocateur -- and her success has stirred questions about her methods."
How dare she get at the unvarnished truth instead of the sugar coated pundent filled one that the mainstream media provides. Stand back MSM there is a new sheriff in town.
"She is one of 2,500 people, from writers to academics to accountants, working with Off the Bus, a $200,000 venture launched by the Huffington Post and New Assignment, the brainchild of New York University journalism professor Jay Rosen. The idea is to unleash ordinary folks on the presidential campaign and give them a technology-powered megaphone"
The mainstream media journalists and editors had better understand they do not have a monopoly on the truth or are not the final word on what is news.
Tuesday, June 03, 2008
Once again: Enforcement works!
Federal law enforcement agencies have increased criminal prosecutions of immigration violators to record levels, in part by filing minor charges against virtually every person caught illegally crossing some stretches of the U.S.-Mexico border, according to new U.S. data.
Officials say the threat of prison and a criminal record is a powerful deterrent, one that is helping drive down illegal immigration along the nearly 2,000-mile frontier between the United States and Mexico.
In testimony to Congress this spring, Homeland Security Secretary Michael Chertoff said that Operation Streamline "is a very good program, and we are working to get it expanded across other parts of the border" because "it has a great deterrent effect
Federal officials credit the program and other measures for contributing to a 20 percent drop in apprehensions of illegal immigrants on the U.S.-Mexico border in 2007, to 859,000. That figure is on track to drop an additional 15 percent this year.
In areas where it has been applied -- which total about 500 miles, or one-fourth of the border -- Operation Streamline has slowed border traffic more substantially.
It's worked beautifully. Crime has dropped 76 percent in Del Rio, with the lowest level of illegal crossings they have ever seen," said Rep. John Culberson, a Houston area Republican who has worked with two border-district Democrats to promote the program. "Law enforcement is simple if you just enforce the law rigorously."
I tip my hat to Michael Chertoff and all those involved in enforcing this program along with BIG thank you. I am beginning to feel that our Federal Government is finally starting to do something about illegal immigration and it's a good feeling.