Monday, September 29, 2008

Bailout Bonanza

Woodcutter's Daughter_Charles Sprague Pierce

Just a few hours from now, George W. Bush will make a speech to the American taxpayer and the world markets. President Bush will tell us how we will now pay 700 billion dollars to bail out financial institutions that have been financially irresponsible to their stock holders, to there customers and to their country. Some will say they were forced by the government to make risky loans for mortgages to people that had no business getting mortgages. A part of that is true. The US Government said they would back loans through Freddie Mac and Fannie Mae as long as the loans were going to the low income communities. The Community Reinvestment Act punished banks for not lending to low income communities.

The practice by banks of keeping lending out of low income, high risk neighborhoods used to called "Redlining". The group called ACORN ( Association of Community Organizations for Reform ) that Obama was part of in his community organizer days, is largely responsible for forcing Congress to pass this poorly thought out and irresponsible legislation.

I don't have a problem with banks making loans to low income people. I do have a problem with the government telling banks to make loans to people that they knew could never pay back the money they borrowed and guaranteeing those mortgage loans. The banks could have found ways to make reasonable protections for their share holders and customers but they chose to go all out thinking they would be protected by government regulators. It's a pretty complicated mess but it all boils down to the government was irresponsible. The banks were irresponsible and now just 20 years after the last bank debacle with the great Savings and Loan swindle of the late eighties, we the taxpayers are going to foot the bill again.

Years and years have gone by since this problem started. Many economic experts and some in the current administration have been sounding the alarm but to no avail. Here we are again having to pay for the stupidity, greed and outright thievery by both the US Congress and the major financial institutions on Wall Street. The most galling and bitter pill is that the very same people that are responsible for this mess with be in charge of the 700 billion dollars that is supposed to fund this clean up. There will be more fraud and abuses and if by some chance Obama becomes president matters will only become worse. His plans are for more spending and who will pay for it all. The very people that always pay, the middle class working people.

When I hear Obama with his "Main street" campaign all I can think of is "yeah, main street alright, that's where he plans to get the money to pay for this debacle".

I never lost as much but twice

I never lost as much but twice,
And that was in the sod.
Twice have I stood a beggar
Before the door of God!

Angels -- twice descending
Reimbursed my store --
Burglar! Banker -- Father!
I am poor once more!

Emily Dickinson

Sunday, September 28, 2008

Obama; I have a bracelet too.

Obama, you are disgraceful person. I won't even call you a man because you are a dishonorable person in my eyes and the eyes of anyone who has put their life on the line in the service of our country. You are the worst kind of opportunist and a lowlife. There are only a few things that could be worse than you using the name of an honorable soldier whom you can't even remember his name, to score some kind of political point. Obama, you are not worthy of any office representing any American let alone being President of the United States and Commander in Chief of the US military.

Thursday, September 18, 2008

Breathtaking Greed from Democrats

Over the last days the financial institutions that have been financing sub prime mortgages have been falling like flies. Lehman Brother's went bankrupt, Merril Lynch was sold at a bargain basement price and AIG insurance had to be bailed out with a loan from the US Treasury to the tune of $85 billion. Fannie Mae and Freddie Mac have been the center of this fallout. They have been making bads loans for years now and like Jeremiah Wright the racist anti American preacher of the church Barack Obama attended would say "the chickens have come home to roost"

These two governmental/corporation institutions Fanny Mae and Freddie Mac have been the backbone of the mortgage lending industry for the last few years. They have also been the slush fund for democrat party leadership too. The Chairman of the committee that is supposed to regulate Fannie Mae and Freddie Mac, Christopher Dodd of Connecticut instead has been receiving campaign money contributions and has done nothing to stop the hemorrhaging of losses at the taxpayer backed corporations. The number two and three recipients of campaign money contributions from Freddie Mac and Fannie Mae has been Joe Biden and Barack Obama. Barack Obama has thought so much of this deal with Freddie Mac and Fannie Mae he chose Franklin Raines the CFO of Fannie Mae as his top campaign financial adviser and head of the committee to choose a running mate. Joe Biden was then chosen as Barack Obama's running mate because he too was in the deal. Between Biden and Obama they took about a million and half dollars in campaign contributions.

So now today when I log on to my internet provider I peruse the most recent writings from the Associated Press (the Obama Campaign) I see the story that Joe Biden is now calling for Americans to pay more taxes because it is the patriotic thing to do. Hmmmm, let me get this straight, after years of raiding the taxpayer financed agencies of Fannie Mae and Freddie Mac, vinegar Joe Biden and his cronies Senator's Barack Obama, and Chris Dodd want us the US taxpayer to pay more taxes and call it the patriotic thing to do. How ludicrous is that? The very people that benefited so much from the agencies that have been the center of the financial mess we're currently in, want us now to pay more taxes to bail this slush fund out. This is what is known as "huztbah", which means someone who would kill their parents and plead mercy before the court because they are an orphan. That pretty much sums it up.

Thursday, September 11, 2008

God BLESS America

I went to see the destruction in New York myself in May of 2002_ I took a picture of the Cross

Today I am remembering all the losses, sacrifice and bravery of the people who suffered through the attacks of September 11th 2001 at the Twin Towers in New York, the Pentagon and the people that died on United flight 93.

Our country was viciously attacked by Islamic terrorists on that day and it will never be forgotten by any American as long as I have a breath to say something or strength to type or write.

God Bless America.

Tuesday, September 09, 2008

Obama's Zinger - He Knew it Was Wrong

Last Wednesday Governor Sarah Palin addressed the Republican National Convention and the nation as John McCain's pick for the Republican Vice Presidential candidate. As Governor Sarah Palin was delivering her address she experienced some troubles with her teleprompter. Sarah Palin is quick on her feet so she threw in a completely ad libbed line while technicians scrambled to correct the problem. Governor Palin asks the crowd and TV viewers if they knew the difference between a pit bull and a hockey Mom. The punch line was "it's the lipstick". That was pretty funny and everyone enjoyed the ad libbed line and Sarah Palin got on with her address.

Fast forward to about a week later. Obama is on the campaign trail his poll numbers are plummeting. His Vice Presidential candidate is sweeping through the Midwest to small party faithful crowds that can barely stay awake for a Joe Biden speech. The die hard democrats come out and listen politely applaud and go home unsatisfied with this obvious blowhard.

Obama while at a gathering in Virginia, a hotly contested race, is feeling the heat from the popularity of John McCain's newly picked running mate Sarah Palin. So at a strategy meeting sometime during the weekend they come up with idea that now is the good time to go on the negative attack. I'm sure they surmised they can't make it look like an obvious attack so they come up with some "zingers" to throw into his presentations to make it look like he too can use some one liners for some pizazz. Well, I have to tell you that lipstick metaphor was a bad one. Obama shouldn't even be running against Sarah Palin at this point to begin with. That's what he picked vinegar Joe Biden for.

Here's what went wrong and how we know that Obama knew it was wrong too.

I watched the Obama You Tube where he is accused of smearing the Vice Presidential candidate Sarah Palin with the old metaphor about "Lipstick on a pig". I have no doubt in my mind that this was intentional and Obama knew it was the wrong thing to do but he did it anyway. When you watch the clip, notice Obama's body language and speech pattern. He's a bit uptight, he's pacing back and forth, he stutters a bit and then right as he is delivering his punch line watch what he does with his left hand. Obama covers his eyes and face with his left hand while he is delivering his one line zinger. Ouch!!!! That really made him look bad and he knows it and his body language clearly tells the story.

The metaphor about the lipstick on a pig is an old one, I've seen it used many times by the likes of Dick Cheney and a few other pretty aggressive campaigners. Obama obviously knew that this use of the metaphor was directly insulting Sarah Palin and the use of the word pig is about as complimentary as using the word "ho". This is why women are moving over to the McCain-Palin camp. Obama needs to apologize and get on with his campaign of "Hope and Change" but it seems there is actually none.

Thursday, September 04, 2008

People's Choice, Sarah Palin

Out of the Ballpark!

Sarah Palin,the Governor of Alaska, devoted Hockey Mom, former Mayor and City councilperson tonight gave one of the best speeches I've heard in many years. Sarah Palin had me standing up and clapping for her heartfelt and to the point words she gave to us tonight from the Republican National Convention. Sarah came out and introduced her family as any proud Mom would do and you could see the love in eyes and hear it in her voice for all of her children, her husband and her Mom and Dad.

Then Sarah got down to business. Governor Palin gave a speech that showed why she is Governor of our largest state that supplies the rest of the United States with 20 percent of our oil. Sarah Palin is tough and witty and knows how to see the situation for what it is. During her speech she described her qualifications as compared to the top of the ticket on the democrat side. Obama pales in comparison to this woman. Barack Obama's ideas are vapid, self serving and spell doom for our economy if elected. I noticed at the end of Governor Palin's speech were the words"God Bless America". Seems to me I've never heard that when Obama has ended his teleprompter inspired speeches. As far as Vinegar Joe Biden goes, his speeches are someone else's words anyway but we're patiently waiting for the next embarrassment from that gaffe bag.

All in all, Governor Palin gave a speech and introduction of herself and her family to a nation that is looking for leadership, common sense and a sense of duty to country from the next President. Sarah Palin is up to the job as vice President and if the sour looks and petty criticism over at the "in the tank for Obama" media of CNN, MSNBC, NBC etc... is any indication, they also believe that too and are extremely unhappy.