In case you’re wondering exactly why I was so against the original $700 billion bailout package let me just inform you now that the government has extracted over $7 trillion from tax payers to keep the auto companies in business and all the other pork barrel spending projects. Not only that but all the environmental whackjobs are asking Barack the magic Negroto set aside $10 billion to install solar panels on government buildings and install some type of alternative energy system in two government buildings.
To make matters worse every state ruled by liberal politicians are asking for billions of dollars to bail them out except for Florida (which is Republican), California (thanks to the Govornator) and New York (NYC) who has decided to raise the taxes on its families $4,000.
I knew this was coming, and that’s why I have recently come to the philosophy that unless we revolt against our corrupt politicians we will never be the same.
Popularity: 24% [?]
This marks the 300′th post on this blog so I decided to celebrate by talking off the top of my head (not that its anything new for me). It was funny I was browsing the internet today and came across an article found that depressed people watch more TV than those who do not. In case you haven’t noticed most shows have added significant numbers to their viewing audience.
But wait a minute, I thought that hope has come to America because Obama won? I’d be expecting half those people to be celebrating. But you know what, I’m not that surprised that no one is really celebrating Obama’s victory. While I am happy he won I don’t see any reason to celebrate because so far I have not seen or heard anything that I can say is going to drastically change our current course.
And don’t tell me not to be so negative about the dude, because half of the people who would have a problem with me saying anything would want to shoot the current President if they got the chance. Have a good day!
Popularity: 32% [?]
Well they don’t own the banks yet but if it continues on the same course that $700 billion bailout plan that some of you so eagerly groveled for will not be used to buy out the bad mortgages that the government was responsible for but instead buy steaks in our major financial institutions.
Maybe now you see why I said the government should not get involved in fixing Wall Street. How are you going to trust the same assholes who got us into this mess to take us out? And yeah that Barack guy who you voted for took how many thousands from Fannie Mae and Freddie Mac.
I tell you, this whole thing about the government fixing up the economy by buying stocks in banks is nothing but a clever ploy by Barack Obama and his team of Chicago Mobsters to turn this country into socialist Cuba. Who can stop the government from sucking all the money out of the banks and feeding it to the lazy welfare citizens who never work but expect “the messiah” to pay for their 52″ Sony Bravia screen?
I’m seriously considering moving to Australia until this is over. Or until Obama drives this country over the socialistic edge and the people revolt and call in the Catholics.
Popularity: 11% [?]
Democrat journalist Orson Scott Card
Finally someone got it right. Orson Scott Card has finally said something that every major news network (with the exception of Fox) was not willing to say. You will find the letter below.
This housing crisis didn’t come out of nowhere. It was not a vague emanation of the evil Bush administration.
It was a direct result of the political decision, back in the late 1990s, to loosen the rules of lending so that home loans would be more accessible to poor people. Fannie Mae and Freddie Mac were authorized to approve risky loans. …
This was completely foreseeable and in fact many people did foresee it. One political party, in Congress and in the executive branch, tried repeatedly to tighten up the rules. The other party blocked every such attempt and tried to loosen them.
Furthermore, Freddie Mac and Fannie Mae were making political contributions to the very members of Congress who were allowing them to make irresponsible loans. (Though why quasi-federal agencies were allowed to do so baffles me. It’s as if the Pentagon were allowed to contribute to the political campaigns of Congressmen who support increasing their budget.)
Isn’t there a story here? Doesn’t journalism require that you who produce our daily paper tell the truth about who brought us to a position where the only way to keep confidence in our economy was a $700 billion bailout? Aren’t you supposed to follow the money and see which politicians were benefiting personally from the deregulation of mortgage lending?
I have no doubt that if these facts had pointed to the Republican Party or to John McCain as the guilty parties, you would be treating it as a vast scandal. “Housing-gate,” no doubt. Or “Fannie-gate.”
Instead, it was Senator Christopher Dodd and Congressman Barney Frank, both Democrats, who denied that there were any problems, who refused Bush administration requests to set up a regulatory agency to watch over Fannie Mae and Freddie Mac, and who were still pushing for these agencies to go even further in promoting sub-prime mortgage loans almost up to the minute they failed. …
Yet when Nancy Pelosi accused the Bush administration and Republican deregulation of causing the crisis, you in the press did not hold her to account for her lie. Instead, you criticized Republicans who took offense at this lie and refused to vote for the bailout!
Your job, as journalists, is to tell the truth. That’s what you claim you do, when you accept people’s money to buy or subscribe to your paper.
But right now, you are consenting to or actively promoting a big fat lie — that the housing crisis should somehow be blamed on Bush, McCain, and the Republicans. You have trained the American people to blame everything bad — even bad weather — on Bush, and they are responding as you have taught them to.
If you had any personal honor, each reporter and editor would be insisting on telling the truth — even if it hurts the election chances of your favorite candidate.
- Orson Scott Card
Popularity: 36% [?]
Thanks to the rising strength of our dollar and the fact that OPEC has decided not to cut output, oil prices have dropped below $72 for the barrel. I’m not one to say that all of a sudden we are OK with our economy but I’m beginning to think that the economy is fixing itself.
I guess the oil sheiks are lamenting that they didn’t get to see gas prices reach $10 a gallon in the US. Though I am almost sure they will be lobbying OPEC to cut production soon.
VIA: MSNBC
Popularity: 21% [?]
The video for the third and last presidential debate can be viewed below. The entire debate was focused on the economy except for a few remarks about foreign policy. Its quite funny how watch candidate kept interrupting each other during the first half of the debate and how many times Obama kept pinning President Bush to John McCain with John finally saying “if you wanted to run against Goerge Bush, you should have run four years ago.”
Other than McCain being his usual self and Obama doing the same old damn thing there isn’t much except for Joe the Plumber who gets his name mentioned over two dozen times.
After you finish watching it, you can read my analysis of the debate as well as who won.
Popularity: 22% [?]
Here is an interesting interview that ABC news did with Joe the Plumber. And as usual they tried to twist the argument (damn you liberal media). But he fought back. Don’t be surprised if Joe the Plumber becomes the main talking point for McCain during the last few days of the election.
VIA: Moral Midnight
Popularity: 16% [?]
You know him from CNBC’s Mad Money and he has some pretty frightening words for you. PULL YOUR MONEY OUT OF WALLSTREET!! (Sorry for all the caps). Now I’m not telling you to do this but he is. And seeing how it is that we might have to deal with the moron called Obama come January 1’st I think it might be a good idea to listen to him. BTW here are his exact words!
“I’d buy the stocks of only companies you can’t not use –Kellogg’s, General Mills, Kraft, P&G. You can’t trust anything to do with financial paper — there’s still too much uncertainty (if a bailout bill does pass, at what price will the toxic bonds be marked?). And commodities have been bid up too high — demand soared as investors sought shelter from stocks — to buy for some time.”
Popularity: 12% [?]
I agree blaming is not going to fix the problems in the economy. But unless we know who is responsible for some of the mess we are in we won’t know who can help us fix it. And let me assure you that both candidates who are running has been caught with their hands in the cookie jar. Only problem is one took out a few more cookies than the other.
Video can be viewed after the break (click the read link :))
Popularity: 15% [?]
Read this quote from McCain from 2005.
I join as a co-sponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation.
If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
I urge my colleagues to support swift action on this GSE reform legislation.
I wonder why the media never brought this up? Oh well if you want the full story you can find it over at my friends blog Rob Jones.
Oh and BTW I still hate McCain!
Popularity: 10% [?]
