A blog from the center trying to save the middle class from being totally screwed by the elites from both parties.
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.




