Monday, September 29, 2008
THIS YEAR, IT IS THE
ECONOMY AGAIN, STUPID
DO YOU REMEMBER
A SIMILAR REMARK MADE IN 1992? THAT WAS THE ISSUE IN THAT YEARS PRESIDENTIAL ELECTION, BETWEEN
BUSH SR, AND BILL CLINTON, THEN GOVERNOR OF THE STATE OF ARKANSAS.
AT THAT TIME, THE ECONOMY TOOK A DOWNTURN AND BANKS AND FINANCIAL INSTITUTIONS SUFFERED HORRENDOUS LOSSES DUE TO BAD
LOANS IN THE REAL ESTATE MARKET, REMEMBER THE LINCOLN S&L LOAN SCANDAL THAT ALSO INVOLVED A FEW CONGRESSMEN.
AT THE TIME, PRESIDENT BUSH VEHEMENTLY DENIED THE ECONOMY WAS IN TROUBLE AS UNEMPLOYMENT ROSE STEADILY, WHILE CLINTON
STRESSED THE NEED FOR WAYS TO HELP THE ECONOMY TO RECOVER.
AS A RESULT
TWELVE YEARS OF THE REPUBLICAN, REAGAN-BUSH ADMINISTRATIONS CAME TO AN ABRUPT END EVEN THOUGH THEY HAD BROUGHT DOWN THE RUSSIAN
THREAT WITH AN ARMS RACE, SINCE WW II AND THE COLLAPSE OF THE RUSSIAN UNION AND COMMUNISM AS IT EXISTED.
THE REPUBLICANS HAD PULLED OFF THE GREATEST FOREIGN POLICY VICTORY AGAINST THE WORLD’S LARGEST COUNTRY AND THREAT
WITHOUT FIRING A SINGLE SHOT.
HOWEVER, WITH THE AMERICAN PEOPLE HURTING FROM THE ECONOMIC DOWNTURN SINCE 1987, THE ECONOMY AND NOT THE FOREIGN POLICY
WAS NOW THE PRINCIPLE CONCERN OF AMERICANS. AS A RESULT, OF BUSH’S STUBBORN DENIAL AND
FAILURE TO DEAL WITH THE PROBLEM, HE LOST THE ELECTION TO A LITTLE KNOWN, NEOPHYTE GOVERNOR FROM THE STATE OF ARKANSAS, WITH
NO FOREIGN POLICY OR WASHINGTON EXPERIENCE.
THIS YEAR
(2008), WE HAVE TWO NON-INCUMBENT PRESIDENTIAL CANDIDATES, MCCAIN AND OBAMA, VYING FOR THE JOB. MCCAIN
HAS ALL THE FOREIGN POLICY CREDENTIALS ADDED TO HIS STATUS AS A WAR HERO, WAS IN FAVOR OF THE RECENT SUCCESSFUL “SURGE”
IN IRAQ, WHILE OBAMA WITH FOUR YEARS AS A SENATOR WAS AGAINST THE WAR AND THE SURGE BUT WHAT HE LACKS IN FOREIGN POLICY EXPERIENCE
HE HAS IN AMBITION.
AT THE SAME TIME THE ECONOMY HAS BEEN STEADILY
WORSENING SINCE 2001 WHEN THE REPUBLICANS TOOK OVER FROM CLINTON AND THE DEMOCRATS. NOW
WE ARE IN THE SAME ECONOMIC CRISIS, CAUSED BY THE SAME BANKS AND LENDING INSTITUTIONS WE WERE FORCED TO BAIL OUT IN 1993,
WITH RISING UNEMPLOYMENT AND LOWER REAL ESTATE VALUES. EVEN THOUGH IT HAS BEEN 15 YEARS SINCE
THE LAST ECONOMIC CRISIS, IT IS STILL FRESH IN THE MINDS OF AMERICANS AS IT HAS WORSENED AND THE PUBLIC WORRIES.
PRESIDENT BUSH’S ANSWER TO THE PROBLEM IS NOT TO LET THINGS TAKE THEIR NORMAL COURSE. WITH
BANK AND FINANCIAL COMPANY FAILURES, DUE TO THEIR GREEDY AND LIBERAL LENDING PRACTICES. SECRETARY
PAULSON, HIMSELF A FORMER C.E.O. OF FINANCIAL GIANT GOLDMAN SACKS SUGGESTS WE THROW 700 BILLION DOLLARS AT THEM IN THE FORM
OF UNSPECIFIED AID TO “RESTORE THE CONFIDENCE IN THE FINANCIAL MARKET,” AS THEY SAY THERE
IS NO PLAN NO HEARING NO DISCUSSION BY CONGRESS ONLY THE FEAR WE MUST DO SOMETHING THIS WEEK OR “THE CREDIT AND FINANCE
SYSTEM WILL FAIL AND EVERY THING WILL GRIND TO A HALT.” THIS FEAR AND HURRY UP
TACTIC HAS BEEN PLAYED BY THE BUSH ADMINISTRATION ONE TIME TOO OFTEN. IT WAS PULLED OVER
CONGRESSES EYES TO GET THEM TO VOTE TO AUTHORIZE A WAR WITH IRAQ THAT HAS GONE ON WITHOUT END.
IT WAS PULLED WITH REGARD TO THE PATRIOT ACT TO DEPRIVE AMERICANS OF THEIR CONSTITUTIONAL RIGHTS AND NOW THIS LATEST
FINANCIAL CRISIS. BEWARE OF THE PERSON THAT CRIES, “WOLF.”
JUST AS THERE WAS NO NEED FOR SUCH A BAIL OUT
IN 1993 THERE IS MORE NEED TO BAIL OUT THE ECONOMY NOW, WHEN SOME FINANCIAL COMPANIES THAT PUT THEMSELVES IN THE VERY MESS
THEY ARE IN. OF COURSE, MOST INVESTORS ARE AND WILL BE COVERED UNDER F.D.I.C. AND OTHER GOVERNMENT
GUARANTEED PROGRAMS SUCH AS FANNY MAE AND FREDDY MAC. NOW THEY WANT TO BAIL OUT ALL THE BAD
LOANS, ALSO, THOSE INSURED OR GUARANTEED OR NOT. BESIDE THE LEGAL QUESTION THERE IS A PROPRIETY
QUESTION FOR SUCH A GENEROUS AND UNWARRANTED ACT BY THE GOVERNMENT IN THIS DAY AND AGE.
THERE IS NO QUESTION BUT CONGRESS, IN AN ELECTION YEAR, DOES NOT WANT TO HAVE A FINANCIAL CRISIS ON ELECTION DAY WHILE
THEY ARE SEEKING RE-ELECTION. THEY ARE PRONE TO DO ANYTHING THAT APPEARS TO “SOLVE”
AND ALLAY FEARS OF A SHUTDOWN OF THE BANKS EVEN THOUGH IT MAY BE A TEMPORARY SOLUTION AND TIME TO GET RE-ELECTED.
YOU CAN BE ASSURED, THAT IS WHAT THEY WILL DO IN SUCH A SELF-PRESERVATION MODE, EVEN AS THEY KNOW IT IS THE WRONG AND
STUPID THING TO DO.
ALL THE WHILE,
IT IS OBVIOUS TO ME THAT THESE TROUBLED INSTITUTIONS DELIBERATELY PUT THEMSELVES AT RISK KNOWING FROM THE EXPERIENCE OF THE
1993 BAILOUT THAT THE GOVERNMENT HAD TO GUARANTEE THE DEPOSITS UNDER F.D.I.C. AND THOSE MORTGAGES UNDER FANNY MAE AND FREDDIE
MAC.
THIS PROPOSED BAILOUT IS THE THIRD TIME THE GOVERNMENT
HAS BEEN REQUIRED TO COME TO THEIR ASSISTANCE BECAUSE OF THEIR GREED AND BAD MANAGEMENT.
THE FIRST TIME, WAS IN 1932, WHEN PRESIDENT ROOSEVELT CLOSED THE BANKS TO PREVENT A RUN ON THEM, SET UP THE F.D.I.C.
TO PROTECT DEPOSITORS AND ESTABLISHED THE “HOME OWNERS LOAN CORPORATION,” TO TAKE OVER DEFAULTED MORTGAGES TO
KEEP A ROOF OVER MOST AMERICAN’S HOMES. LATER IT WAS REPLACED BY, FANNY MAE AND FREDDIE
MAC.
THE SECOND TIME, WAS, IN 1993, DURING A RECESSION AND
THE SAVINGS BANK SCANDALS CAUSED BY GREEDY LENDING INSTITUTIONS BENT ON PROFIT AT ALL COSTS, KNOWING THE GOVERNMENT WOULD
ALWAYS BE REQUIRED TO BAIL OUT THESE BAD LOANS. EVEN THEN ONLY A FEW C.E.O.’ S WERE HELD
ACCOUNTABLE WHILE THE AMERICAN TAXPAYER WAS FORCED TO SPEND 500 BILLION DOLLARS TO BAIL THEM OUT.
NOW, WE ARE ASKED FOR THE THIRD TIME TO DO THE SAME THING AND MORE, TO BAIL THEM OUT OF ALL THEIR BAD DEBTS SECURED
AND UNSECURED WITHOUT A PLAN BUT LEFT TO THE VERY PEOPLE THAT PUT US IN THIS MESS.
ENOUGH IS ENOUGH THREE STRIKES AND YOU ARE OUT IN ANY BALL GAME, ONLY THIS IS NO GAME. IT
IS NOT ONLY STUPID FOR BUSH TO ASK FOR SUCH A BAILOUT, IT IS EVEN MORE STUPID FOR CONGRESS TO GRANT IT.
IT IS BAD ENOUGH THAT THE AMERICAN PEOPLE AND THE GOVERNMENT ARE FORCED FOR THE THIRD TIME TO PAY OUT BILLIONS OF DOLLARS
UNDER THE GUARANTEES OF THE F.D.I.C. AND FANNY MAE AND FREDDIE MAC, THAT IS THEIR ONLY OBLIGATION UNDER THE LAW.
THAT SHOULD BE THE LIMIT OF THE BAILOUT AND ONLY WHEN THOSE COMPANIES FILE FOR BANKRUPTCY AND THE GOVERNMENT IS FORCED
TO INTERVENE. THESE PEOPLE SHOULD NOT BE REWARDED FOR THE THIRD TIME FOR THE SAME OFFENSE THAT
WOULD BE LUDICROUS.
THAT LEAVES THE QUESTION OF WHICH
PARTY CANDIDATE IS HELPED BY THIS CRISIS. IT IS OBVIOUS THAT THE PARTY IN POWER SUFFERS THE
CONSEQUENCE SINCE THE “BUCK STOPS THERE.” PEOPLE WANT A CORRECTION OR CHANGE SO THEY
WILL NATURALLY TURN TO THE OTHER CANDIDATE AND PARTY OBAMA AND THE DEMOCRATIC PARTY.
JOHN MCCAIN HAD A CHANCE AT THE MOST RECENT DEBATE TO TURN THE TABLES ON THE DEMOCRATS AND OBAMA WHO, IN REALITY, IS
IN FAVOR OF THE BAILOUT BY SHOOTING DOWN THE WHOLE IDEA OF THE BAILOUT, JUST ANOTHER RIP-OFF OF THE AMERICAN PEOPLE.
IF HE WAS A TRUE AMERICAN, HE WOULD HAVE OPPOSED IT FROM THE START, AND THE AMERICAN PEOPLE WOULD HAVE REALIZED HE
WAS MORE OF AN AMERICAN THAN A REPUBLICAN WALKING THE POLITICAL FENCE TO GET ELECTED. THE TIDE
OF THE CAMPAIGN WOULD HAVE TURNED IN HIS FAVOR AND HE WOULD HAVE WON.
THE AMERICAN PEOPLE, TIRED OF THE INACTION OF CONGRESS AND THE BICKERING BETWEEN THE POLITICAL PARTIES WILL HAVE THEIR
SAY IN THEIR VOTE ON NOVEMBER 4, 2008, THEY WILL REWARD CONGRESS IF IT PASSES THIS STUPID BAILOUT SOON, BY VOTING MOST OF
THEM OUT OF OFFICE, AS THEY SHOULD.
IN THE FINAL ANALYSIS, FOREIGN
POLICY CAN HARDLY BE AN IMPORTANT ISSUE WHEN, “THIS YEAR, IT IS THE ECONOMY, AGAIN, STUPID.”
Sunday, September 28, 2008
THE LIBERAL MEDIA AND THE ENTRANCED DEMOCRATS IN WASHINGTON
JUST CAN’T HANDLE ANOTHER REFORMER IN THE CAPITOL
NO SOONER HAD JOHN MCCAIN NAMED SARAH PALIN, HIS
RUNNING MATE THAN THE LIBERAL MEDIA POUNCED ON HER LIKE A PRIDE OF HUNGRY JACKALS. JOHN MCCAIN HAD
PULLED OFF A MASTERSTROKE RESERVED ONLY FOR A GENIUS, BY NAMING A REFORMER LIKE HIMSELF AND A WOMAN, THE DEMOCRATIC PARTY
WITH THE HELP OF THE LIBERAL PRESS HAVE ANOINTED THEIR BLACK BEAUTY FOR THE JOB AS PRESIDENT, RATHER THAN A QUALIFIED WOMAN.
IT DIDN’T OCCUR TO THEM THAT MCCAIN WOULD
PICK UP THE CAUSE OF WOMEN, WHO THEY HAD REJECTED AND AS A RESULT MILLIONS OF DISENFRANCHISED VOTERS HAD VOWED TO VOTE FOR
JOHN MCCAIN AS A PROTEST AGAINST OBAMA WHO BLATANTLY THOUGHT HE COULD CAST HILLARY ASIDE AND NOT EVEN CONSIDER HER AS A RUNNING
MATE. MILLIONS OF OTHER WOMEN HAD VOWED TO STAY HOME RATHER THAN VOTE IN PROTEST OF THE TREATMENT
AFFORDED HILLARY AND WOMEN IN GENERAL. OBAMA’S SELFISH AND CRUEL PLANS HAVE BOOMERANGED
SO NOW THEY ARE ONLY LEFT WITH THE CHOICE OF DIRTY TRICKS AND LIES TO ATTACK SARAH AND THE FEMALE VOTE HE REJECTED.
THE DMC WRONGLY THOUGHT WOMEN WOULD FALL IN LINE AND
NOT ABANDON THEIR DEMOCRATIC TIES, BUT MOST HILLARY FEMALE SUPPORTERS ARE CONSERVATIVE DEMOCRATS AND NOT WILD LIBERALS ATTEMPTING
TO TAKE OVER THE PARTY FROM THE CLINTON DEMOCRATS. THEY ARE STILL SMARTING FROM THE CONSERVATIVE
ACTIONS OF PRESIDENT CLINTON IN VOTING FOR WELFARE REFORM AND A WORK PROGRAM TO TAKE MOST RECIPIENTS OUT OF WELFARE IN TWO
YEARS. IF ONE WERE TO CHECK THE WELFARE ROLLS EVEN TODAY, THEY WILL FIND THE VAST MAJORITY
OF BLACKS ON WELFARE IN A STRONG COMPARISON TO WHITES. THAT ACCOUNTS FOR THE FACT THAT 95%,
OF BLACKS ARE VOTING FOR OBAMA. IF 95% OF WHITES VOTED FOR MCCAIN, IT WOULD BE CALLED RACISM.
IF OBAMA IS ELECTED PRESIDENT YOU CAN EXPECT OBAMA TO REPAY THEM FOR THEIR VOTE BY PROPOSING REPARATIONS FOR BLACKS
BECAUSE OF THE YEARS OF SLAVERY. WELFARE AS A WAY OF LIFE WILL RETURN FOR THE BLACKS AND THEY
CAN CONTINUE TO BE IRRESPONSIBLE AND SHUN FAMILY LIFE AND THE CHILDREN THEY FATHER.
THE ROAD TO THE WHITE HOUSE WILL NOT BE EASY FOR MCCAIN AND PALIN, SINCE THEY MUST ALSO CONVINCE THE AVERAGE VOTER
THEY CAN HANDLE THE ECONOMY PROBLEM BETTER THAN OBAMA. ALL THEY NEED TO DO IS TO LAY OUT THE
SPECIFIC PLAN TO PUT MOST OF THE UNEMPLOYED BACK TO WORK, PERMANENTLY IN GOOD PAYING JOBS PRODUCING RENEWABLE AND CLEAN ENERGY
TO RID US OF THE DEPENDENCE ON FOREIGN OIL IN FIVE YEARS NOT TEN. THEIR ENERGY PLAN MUST BE
AN ALL INCLUSIVE PLAN ALSO, INCLUDE OIL LEASES IN THE U. S. A., NUCLEAR POWER AND CLEAN COAL ALSO, SO ALL OUR NATURAL RESOURCES
CAN BE UTILIZED TO SOLVE OUR ENERGY PROBLEMS QUICKLY. THE U. S. GOVERNMENT MUST BE A PARTNER
IN THE OIL LEASES TO STOP HIGH OIL PROFITS THAT HAVE CRIPPLED OUR COUNTRY FOR THE LAST TWO YEARS.
THIS PRACTICE MUST NOT BE ALLOWED TO HAPPEN AGAIN.
NOW THAT THE
SURGE HAS SUCCEEDED AND THE IRAQIS ARE TAKING CHARGE OF MOST OF THEIR COUNTRY AND SPENDING THEIR OWN OIL PROFITS TO REBUILD
THEIR COUNTRY, OUR TROOPS ARE SLOWLY COMING HOME VICTORIOUS AND NOT RETREATING, AS OBAMA HAS PROPOSED. MOST
AMERICANS WANTED VICTORY AND NOT ANOTHER DEFEAT LIKE VIETNAM OR STALEMATE LIKE KOREA, WHERE WE HAVE BEEN FOR 58 YEARS AND
COUNTING. THE LONE ADVOCATE IN THE SENATE FOR THE SURGE WAS MCCAIN AND HE DESERVES THE CREDIT
ON BEING RIGHT AND OBAMA SHOULD BE DAMNED FOR BEING WRONG. AS HE HIMSELF HAS SAID, “A
PRESIDENT CANNOT AFFORD TO BE WRONG EVEN ONCE.” HE IS AUTOMATICALLY REJECTING HIMSELF
AS PRESIDENT, BUT OF COURSE HE WILL HAVE SOME EXCUSE TO AVOID CALLING HIMSELF WRONG.
MCCAIN WILL SOON ANNOUNCE TO THE NATION A NEW EMPLOYMENT PLAN TO SEND ALL THE ILLEGAL FENCE JUMPERS HOME, CLOSE THE
BORDERS PERMANENTLY FOR THE SAKE OF SECURITY AND TO STOP THE GRANTING OF WORK VISAS UNTIL WE HAVE FULL EMPLOYMENT HERE IN
THE U. S. A. ALL OVERSTAYED VISA HOLDERS AND FOREIGNERS MUST BE ROUNDED UP AND SENT BACK TO THEIR
HOMES, OVERSEAS.
GASOLINE AND FUEL OIL PRICES ARE LEVELING OFF
AND EVEN REDUCING. YOU CAN EXPECT A ROLL BACK TO LESS THAN THREE DOLLARS A GALLON IN A MONTH
OR SO. THE REASON IS LESS DEMAND AND THE OIL COMPANIES REALIZE THAT THEY WILL BE OUT OF BUSINESS
IN FIVE YEARS, UNLESS THEY CAN PEDDLE THEIR OIL ELSEWHERE. THEIR GREED HAS AWAKENED THE GENERAL
PUBLIC ONE TIME TOO OFTEN AND THE AMERICAN PUBLIC DEMANDS ACTION FOR ALTERNATIVE ENERGY ONCE AND FOR ALL.
MCCAIN HAS SEEN HOW FREE TRADE HAS SHIPPED AMERICAN WORKER’S JOBS AND FACTORIES OVERSEAS IN SEARCH OF CHEAPER
LABOR. HE INTENDS TO STOP AND REVERSE THIS PRACTICE, BY INSTITUTING A PLAN FOR BALANCED TRADE.
FOREIGN COUNTRIES MAY SHIP ALL THE PRODUCTS THEY WANT TO, TO THE U.S.A. BUT THE GOODS MUST BE PAID ONLY IN AMERICAN
PRODUCTS IN RETURN. THAT ELIMINATES THE TRADE IMBALANCE WHERE 700 BILLION DOLLARS OF OUR MONEY
IS PAID TO OTHER COUNTRIES IN EXCESS OF WHAT THEY BUY FROM US. IF THIS PRACTICE CONTINUES,
FOREIGNERS WILL OWN EVERY THING OF VALUE IN THIS COUNTRY IN ANOTHER 20 YEARS AT THIS RATE.
ALL THESE PLANS CANNOT BE ACCOMPLISHED BY THE DEMOCRATS BECAUSE THEY HAVE PROVEN THAT
IN SPITE OF THEIR CONTROL OF CONGRESS FOR THE LAST TWO YEARS THEY HAVE DONE NOTHING TO HELP SOLVE ANY OF OUR PRESSING PROBLEMS
BUT IN FACT PUSHED US DEEPER INTO THE ABYSS OF DESPERATION AND DESPAIR.
WHAT WE HAVE IN THEM ARE TWO TRIED AND PROVEN REFORMERS, WHO CAN EXPOSE AND RID US OF CORRUPTION AND SELF-INTEREST
IN GOVERNMENT, LIKE JOHN MCCAIN AND SARAH PALIN, WHO WILL DO WHAT IS RIGHT FOR THE AMERICAN PEOPLE AND NOT ANY POLITICAL PARTY.
LET THE LIBERAL PRESS AND DEMOCRATS POUNCE
ON SARAH AND JOHN AND WATCH THEM BOOMERANG THE SHOTS AND ARROWS. ALL THEY WILL ACCOMPLISH IS
TO MAKE THEM BOTH LOOK BETTER EVERY DAY UNTIL NOVEMBER 4TH WHEN THEY WILL BE ELECTED TO STRAIGHTEN OUT THE MESS
IN WASHINGTON IN SHORT ORDER. ALL THEY NEED IS A NEW CONGRESS WHOSE DAYS ARE NOW NUMBERED BECAUSE
THEY WILL BE THE ONLY UNEMPLOYED AND UNEMPLOYABLE PEOPLE IN THIS COUNTRY BY 2009.
Wednesday, September 24, 2008
THE
BAILOUT OF THE BIGGIES
THE BAILOUT OF THE BIGGIES
IN THE LAST MONTH WE HAVE SEEN A BAILOUT OF BEARS STEARNS, A PRIVATE INVESTMENT FIRM BY PRESIDENT BUSH
BY EXECUTIVE ORDER. THIS ACTION PROVIDES 200 BILLION DOLLARS OF CREDIT FOR THEM AT THE RISK OF THE
AMERICAN TREASURY, WHICH IS ALREADY IN DEBT TO THE TUNE OF ABOUT FIVE TRILLION DOLLARS.
IN THE MEANTIME, THE DAILY COST OF THE WARS IN IRAQ AND AFGHANISTAN, OF ABOUT 2 BILLION A WEEK IS ADDED TO THIS FIGURE.
TO ADD TO THIS PROBLEM, CONGRESS, LED BY SENATOR CHIS DODDS AS CHAIRMAN OF THE COMMITTEE ON BANKS AND BANKING HAD ANOTHER
200 BILLION DOLLAR BAILOUT OF THE PUBLIC CORPORATION OF FANNIE MAE AND FREDDIE MACK TO COVER MANY BANK’S BAD MORTGAGE
LOANS SO THEY CAN PUSH THEM OVER TO FM AN FM SO THE TREASURY CAN PICK UP THE GUARANTEES AND HELP LEAVE THE BANKS SOLVENT,
WHILE WE FOOT THE BILL. PRESIDENT BUSH THEN TOOK OVER FM AND FM IN ORDER TO COVER AND PAY THE GUARANTEES.
ALSO THIS WEEK, AS AN ADDITIONAL REPERCUSSION OF THE
MILLIONS OF BAD LOANS MADE BY GREEDY BANKS AND FINANCE COMPANIES, WE SAW LEHMAN BROTHERS FILE FOR BANKRUPTCY PROTECTION WHILE
ANOTHER BIG GREEDY FINANCIAL INSTITUTION, MERRIL LYNCH, WAS SOLD TO THE BRITISH COMPANY, BARCLAY, TO SAVE IT FROM BANKRUPTCY.
ADDING TO THIS FINANCIAL MESS WAS SOME UNEXPLAINED
PROBLEM WITH THE INSURANCE GIANT A I G, WHICH THE TREASURY HAS DECIDED TO BAIL OUT WITH AN 85 BILLION DOLLAR GUARANTEE WHICH
IS BOUND TO COST THE AMERICAN TAXPAYERS THAT 85 BILLION DOLLARS IN ADDITIONAL PAYOUTS.
NOW THE AUTOMOBILE INDUSTRY, GENERAL MOTORS, FORD AND DAMAIN–CHRYSLER, OWNED BY A GERMAN COMPANY ARE ASKING FOR
MORE BILLIONS OF DOLLARS GUARANTEES TO HELP THEM SURVIVE THE COMPETITION WORLD WIDE THEY HAVE BEEN FACING FOR THIRTY YEARS.
IT IS OBVIOUS THAT, ALL THIS ACTION IS COMING ON THE HEALS OF A PRESIDENTIAL AND CONGRESSIONAL ELECTION TO KEEP THE
ECONOMY FROM COLLAPSING UNTIL AFTER THE ELECTIONS WHEN THEIR SEATS WILL BE PRESERVED. NONE
OF THESE ACTIONS SOLVES ANYTHING MORE THAN STAVING OFF THE INEVITABLE, THE FINAL COLLAPSE OF MOST BANKS AND LENDING INSTITUTIONS
BECAUSE OF THEIR GREED AND THAT OF THE BIG STOCK MARKET PLAYERS FOR THE LAST TWENTY YEARS. THIS
WILL COST US, MORE GUARANTEES, UNDER THE F D I C.
IT WAS THESE LIBERAL AND UNCONTROLLED LENDING PRACTICES THAT HAVE INFLATED THE HOUSING MARKET VALUES, WHICH HAS COLLAPSED,
FINALLY, DUE TO THE CONSTRUCTION INDUSTRY’S OVERBUILDING AND RISING COSTS. WITH
THIS LAST HAVEN FOR MANY EMPLOYED WORKERS NOW GONE, UNEMPLOYMENT HAS RISEN TO THE HIGHEST LEVEL IN TWENTY YEARS.
WITH MOST OF OUR MANUFACTURING COMPANIES UNABLE TO COMPETE IN THE FREE TRADE INTERNATIONAL MARKET, OF LOWER WAGES.
MANY COMPANIES HAVE FLED OVERSEAS IN SEARCH OF LOWER LABOR COSTS SO THEY CAN COMPETE AND SURVIVE.
ALL THE WHILE, LABOR UNIONS HAVE DONE NOTHING TO HELP EITHER THE WORKER OF THE EMPLOYER SO THE JOBS MAY STAY HERE IN
THE U.S.A. AND COMPETE WORLDWIDE. IT IS OBVIOUS THAT LABOR UNIONS HAVE CAUSED AMERICAN LABOR
TO BE PRICED OUT OF THE WORLD MARKET OF COMPETITION. THIS HAS BEEN GOING ON FOR THE LAST
TWENTY YEARS AND, NO ONE IS SEEKING SOLUTIONS NOT THE WORKER, EMPLOYER OR THE GOVERNMENT.
CONGRESS AND THE PRESIDENT HAVE RUSHED IN TO HELP BIG FINANCIAL BUSINESSES BUT HAVE DONE NOTHING TO HELP THE EMPLOYMENT
PROBLEM, WHICH IS THE REAL KEY TO GET THE ECONOMY BACK ON THE TRACK TO RECOVERY.
CONGRESS HAS RECENTLY ADJOINED FOR THE NEXT EIGHT WEEKS TO GO HOME AND GET THEM RE-ELECTED, ONLY TO COME BACK AND DO
NOTHING AS THEY HAVE FOR THE PAST TEN YEARS, WHILE ALL THIS MESS WAS BREWING. THE POLITICAL
PARTIES CONTINUE TO ACCUSE EACH OTHER OF THE INACTION AND INABILITY TO FIX ANYTHING IN CONGRESS OR THE COUNTRY.
IT IS OBVIOUS IN THIS SITUATION; THE FAULT MUST BE SHARED BY BOTH OF THEM EQUALLY. THAT IN
MY OPINION IS THE TROUBLE WITH CONGRESS AND THE COUNTRY. AS LONG AS POLITICAL PARTIES ARE IN
CONTROL OF CONGRESS AND THE PRESIDENCY YOU CAN EXPECT, NOTHING BUT MORE OF THE SAME, DO NOTHING AND SQUABBLING ATTITUDE.
EACH CONGRESSMAN IS IN BUSINESS FOR HIMSELF AND NOT THE AMERICAN PEOPLE WHO ELECT THEM. MOST
HAVE SOLD THEIR SOULS FOR POLITICAL CONTRIBUTIONSFROM LOBBYISTS. NEITHER PRESIDENTIAL CANDIDATE
CAN BE EXPECTED TO SOLVE ANY OF OUR MANY ECONOMIC PROBLEMS WITHOUT THE BACKING AND SUPPORT OF MEMBERS OF CONGRESS WORKING
IN UNISON TO SOLVE THEM. WE NEED TO START WITH A NEW AND CLEAN SLATE OF CONGRESSMEN BY NOT
RE-ELECTING ANY PRESENT MEMBER OF CONGRESS, COME NOVEMBER 4, 2008. IT IS TIME THAT THE
AMERICAN PEOPLE SEND A CLEAR MESSAGE TO CONGRESS, BY CLEARING THEM OUT OF OFFICE AND INTO RETIREMENT OR ONTO THE UNEMPLOYMENT
LINE WHERE THE REST OF US ARE.
AS FAR AS THE PRESIDENTIAL ELECTION
IS CONCERNED, THE AMERICAN PEOPLE MUST MAKE THE CHOICE FROM THE TWO SETS OF CANDIDATES WHO CAN BEST BE TRUSTED TO DO THE JOB
WE NEED DONE. THIS IS WHERE PROVEN EXPERIENCE AND TRUST COME INTO PLAY.
THIS IS NO PLACE FOR, ON THE JOB TRAINING, IN THIS URGENT SITUATION.
Sunday, September 21, 2008
SEPTEMBER 5, 2008
THE CHOICE BETWEEN MCCAIN
AND OBAMA
THE ONLY PLEASANT SURPRISE THAT CAME OUT OF THE TWO RECENT PRESIDENTIAL
CONVENTIONS WAS JOHN MCAIN’S CHOICE OF SARAH PALIN AS HIS VICE PRESIDENTIAL RUNNING MATE. IT
IS REFRESHING TO SEE A WOMEN ON ANY TICKET, IN FINAL RECOGNITION THAT WOMEN ARE EQUAL TO MEN IN THIS COUNTRY AFTER 220 YEARS
OF “WE THE PEOPLE OF THE U.S.”, THAT REALLY MEANT “WE THE MEN OF THE U.S.”.
I BELIEVE MCCAIN’S CHOICE WAS A BRILLIANT MOVE OF RECOGNITION TO A WOMAN REFORMER OF GOVERNMENT WASTE AND CORRUPTION.
THIS IS WHAT THIS COUNTRY NEEDS, IN ORDER TO PRODUCE A CHANGE FOR THE BETTER. WE MUST REFORM THE
GOVERNMENT FIRST IF WE HOPE TO SOLVE ALL THE PRESSING PROBLEMS THAT HAVE PLAGUED US FOR THE LAST TEN YEARS, WHILE CONGRESS
SAT IDLY BY, AS A DO NOTHING CONGRESS BECAUSE OF THE IDEOLOGY OF THE OPPOSING POLITICAL PARTIES AND THE RESULTING STALEMATES
TO ACTION. WHEN YOU ADD THE SELF-INTEREST AND CORRUPTION OF OUR PUBLIC OFFICIALS AND THE LOBBYISTS
WHO BUY THEIR VOTE FOR CASH, YOU HAVE A REAL PROBLEM THAT CAN ONLY BE SOLVED BY VOTING THEM ALL OUT OF OFFICE FOR THEIR MISDEEDS
AND FAILURE TO ACT IN THE INTEREST OF THE AMERICAN PEOPLE.
THIS IS THE TASK THAT JOHN MCCAIN AND SARAH PALIN HAVE UNDERTAKEN IN THIS CAMPAIGN. BOTH
ARE TRIED, TRUE AND PROVEN REFORMERS AND MAVERICKS, WHO PUT THEIR COUNTRY FIRST AHEAD OF THEIR POLITICAL FRIENDS AND
THEIR PARTY. WE MUST HAVE REFORM BEFORE WE CAN HOPE TO HAVE CHANGE FOR THE BETTER.
OBAMA CLAIMS HE IS FOR “NEW HOPE” AND “CHANGE” BUT, HOW CAN HE PROMOTE CHANGE
WHEN HE IS SUPPORTED BY THE VERY POLITICIANS AND PARTY THAT HAVE RESISTED CHANGE AND WANT THE SAME OLD BUSINESS AS USUAL IN
WASHINGTON? THE CRACKS IN THE DEMOCRATIC PARTY HAVE NOW BECOME A FLOOD OF WOMEN SUPPORTERS
FOR SARAH FROM THE FORMER VOTERS HILLARY CLINTON WHO OBAMA AND THE DEMOCRATIC PARTY HAVE ATTEMPTED TO CAST ASIDE AND DESTROY,
IN ORDER TO PUT FORWARD MORE OF THE LIBERAL BELIEFS OF THEIR PARTY.
YOU CAN BE ASSURED THAT OBAMA AND HIS WIFE AND PASTOR, ARE MORE INTERESTED IN REPARATIONS FOR THE BLACKS, BECAUSE OF
SLAVERY WHICH ENDED 150 YEARS AGO. IF ANYONE IS ENTITLED TO REPARATIONS, IT IS THE NATIVE
AMERICANS FROM WHOM WE TOOK THEIR FREEDOM AND LAND AND STILL HOUSE THEM IN SUBSTANDARD RESERVATIONS ON USELESS LAND.
IT HAS BECOME INCREASINGLY OBVIOUS THAT THE TROUBLE WITH CONGRESS IS THE POWER OF THE POLITICAL PARTIES, THE DEMOCRATS
AND THE REPUBLICANS, WHO’S BICKERING AND LACK OF WORKING TOGETHER HAS ALSO CAUSED A STALEMATE IN
THE ACTIONS OF CONGRESS TO PASS LEGISLATION TO HELP SOLVE MOST OF OUR PRESSING PROBLEMS. EACH PARTY’S
MEMBERS USUALLY VOTE IN LOCKSTEP WITH THEIR PARTY’S WISHES, RATHER THAN THE NEEDS OF THE AMERICAN PEOPLE, THERE IS ONLY
ONE WAY TO CORRECT THIS PROBLEM, ON 11/04/08, WE MUST ALL VOTE TO REWARD ALL INCUMBENT CONGRESSMEN FOR THEIR MISDEEDS AND
SELF INTEREST BY “RE-ELECTING NOBODY” IN OFFICE AND VOTE IN NEW MEMBERS WHO WILL AGREE TO PUT THE INTERESTS OF
THE AMERICAN PEOPLE FIRST AND ALWAYS IN THEIR ACTIONS AND VOTES.
THE PRESIDENT OF THE UNITED STATES
CANNOT LEGISLATE OR CHANGE ANYTHING WITHOUT THE CO-OPERATION AND VOTES OF CONGRESS.
THESE ARE SERIOUS TIMES IN THIS COUNTRY, THE WAR IN IRAQ IS WINDING DOWN, AS THE SURGE HAS PROVEN TO BE SUCCESSFUL
AND THE IRAQI FORCES HAVE TAKEN OVER MOST OF THE COUNTRY’S DEFENSES. THE IRAQI
GOVERNMENT AND OUR COUNTRY HAVE AGREED ON AN EXIT DATE FOR AMERICAN TROOPS WITHIN THE NEXT YEAR. IT
IS OBVIOUS THAT OUR TROOPS WILL SOON COME HOME VICTORIOUS RATHER THAN THE WITHDRAWAL PROPOSED BY OBAMA, WHICH WAS NOTHING
BUT A DEFEAT LIKE VIETNAM. IN THE MEANTIME, THE IRAQIS WILL USE THEIR OIL REVENUE TO REBUILD THEIR
COUNTRY AND AMERICAN FUNDS ARE NO LONGER NEEDED. ALL THE U.S. FUNDS USED TO SUPPORT THE WAR
CAN THEN BE USED TO PROMOTE ALTERNATIVE ENERGY IN THE U.S. IN ORDER TO END OUR DEPENDENCE AND COST FOR FOREIGN OIL.
ALL OUR PRESENT OIL LEASES MUST BE RE-NEGOTIATED FOR A FAIR RETURN OF TO THE U.S. FUTURE
OIL LEASES MUST BE MADE IN PARTNERSHIP WITH THE OIL COMPANIES TO STOP EXCESS PROFITS FOR THE COMPANIES AND MAXIMUM PROFITS
FOR THE U.S. OIL PRICES ARE IN DECLINE NOW THAT BIG OIL IS FACED WITH THE CERTAINTY THAT THEIR
PRODUCT IS TOO EXPENSIVE AND WILL BE REPLACED WITH CHEAPER, CLEANER ALTERNATIVE FORMS OF RENEWABLE ENERGY.
THIS WILL SAVE THE U.S. 700 BILLION DOLLARS YEAR IN MONEY GOING TO COUNTRIES THAT HAVE CONTROLLED GAS AND FUEL, PRICES
SINCE THE EARLY 1970’S.
OUR UNEMPLOYMENT PROBLEM WILL BE RELIEVED, BY THE CLOSING OF
OUR BORDERS FROM CHEAP LABOR AND THE COST OF SERVICES PAID FOR BY US TAXPAYERS. ILLEGAL FENCE
JUMPERS AND OVERSTAYED VISOR PERMITTED MUST BE SENT HOME SO AS NOT TO COMPETE FOR OUR LABOR FORCE.
ALL VISA WORK PERMITS MUST BE STOPPED UNTIL FULL EMPLOYMENT IN THE U.S.
THE
NAFCA AND CAFCA FREE TRADE AGREEMENTS MUST COME TO AN END TO STOP THE EXIT OF OUR INDUSTRIES TO OVERSEAS LOCATIONS. INSTEAD
OF FREE TRADE WE NEED A BALANCED TRADE. CHINA AND OTHER EXPORTING COUNTRIES TO THE U.S.,
MUST ACCEPT AMERICAN
MADE GOODS IN RETURN, DOLLAR FOR DOLLAR, WITHOUT ANY CASH PAYMENTS FOR ANY GOODS EXCEPT CRITICAL PRODUCTS
OR GOODS.
THIS WILL CURE THE UNEMPLOYMENT PROBLEM IN ONE YEAR AND BRING OUR FACTORIES, VITAL TO
OUR NATIONAL DEFENSE, BACK IN OPERATING CONDITIONS. THESE ARE THE IMMEDIATE CORRECTIVE
CURES THIS COUNTRY NEEDS AND THEY SHOULD BE GIVEN THE PRIORITY THEY DESERVE.
THE
CHOICE BETWEEN VOTING FOR JOHN MCCAIN AND BARACK OBAMA IS AS CLEAR AS THE NOSE ON YOUR FACE, JUST LOOK IN THE MIRROR FOR THE
ANSWER.
Sunday, September 14, 2008
OBAMA’S NEMESIS, HE FINALLY RAN OUT OF GAS
IN
HIS CAMPAIGN
THROUGHOUT THE PRESIDENTIAL NOMINATING CAMPAIGN, OBAMA ATTRACTED LARGE CROWDS OF PEOPLE BECAUSE HE WAS DIFFERENT,
HAD THE CHARISMA OF A ROCK STAR AND HAD A WAY WITH WORDS.
AFTER YEARS OF THE SAME POLITICAL FACES IN WASHINGTON, THE WHITE HOUSE AND A DO NOTHING CONGRESS, UNABLE OR UNWILLING
TO SOLVE THE MOUNTING ECONOMIC PROBLEMS, AND A WAR WITHOUT END IN IRAQ, CHANGE HAS BECOME A POPULAR THEME AMONGST MOST VOTERS,
ESPECIALLY THIS YEAR. A CHANGE IN 2006, BY GIVING A MAJORITY CONTROL OF CONGRESS TO THE DEMOCRATS,
ONLY PRODUCED MORE OF THE SAME DISAPPOINTMENTS AND A CONTINUING SAGGING ECONOMY. WHEN OBAMA
SPOKE OF HOPE AND CHANGE, THE PUBLIC GRASPED FOR THOSE POPULAR PROMISES LIKE A DROWNING PERSON REACHING FOR A LIFEJACKET.
THE AMERICAN PEOPLE HAD EXPERIENCED TWELVE YEARS OF BUSH
PRESIDENCIES AND EIGHT YEARS OF WILLIAM CLINTON, WHICH ENDED AFTER YEARS OF A BOOMING ECONOMY, OVER SEX IN THE OVAL OFFICE,
WHICH DAMAGED THE CLINTON NAME AND REPUTATION.
WHEN SENATOR HILLARY CLINTON, STEPPED INTO THE CAMPAIGN FOR THE PRESIDENTIAL NOMINATION FOR PRESIDENT, MANY PEOPLE
WERE REMINDED OF BILLS INDISCRETIONS WHEREUPON HILLARY WAS TAGGED WITH A HIGH PERCENTAGE OF NEGATIVITY IN THE POLLS.
ALSO BECAUSE OF THE SAGGING ECONOMY, THE QUESTION OF NEPOTISM ALSO PROVED A NEGATIVE FOR HER
IT IS NO SMALL WONDER, THAT
IN THE FINAL ANALYSIS AND CHOICE OF CANDIDATES THAT OBAMA EMERGED AS THE CHOICE OF DEMOCRATS AS THE PRESIDENTIAL NOMINEE.
HOWEVER, OBAMA, A PRODUCT OF CHICAGO’S LIBERAL MACHINE POLITICS,
WAS JUST NOT SATISFIED TO WIN THE NOMINATION, HE FELT IT WAS IMPORTANT TO ATTACK AND DESTROY HILLARY AS THE WIFE OF A ERRING
HUSBAND AS A WOMAN CANDIDATE REPRESENTING THE CONSERVATIVE WING OF THE PARTY. IN DOING
SO, HE AND THE LIBERAL DEMOCRATIC PARTY BIGWIGS, WITH WHOM HE WAS ALLIED, FRACTURED THE UNITY OF THE PARTY BY ALIENATING AND
UNITING THE HILLARY CLINTON VOTERS, AT THE SAME TIME.
OBAMA AND THE DEMOCRATIC LEADERS WRONGLY ASSUMED THESE DISGRUNTLED VOTERS WOULD RETURN TO THE FOLD AFTER THE NOMINATION
PROCESS ENDED AS THEY HAVE IN THE PAST. THIS TIME HOWEVER, TWO POINTS DIFFERED FROM THE
PAST. ONE WAS THE WAY THE DISENFRANCHISED VOTERS OF MICHIGAN AND FLORIDA WERE HANDLED
BY OBAMA AND THE PARTY LEADERS. SECONDLY, THIS TIME, FOR THE FIRST TIME AN HISTORICAL
EVENT WAS AT STAKE, THE POSSIBLE NOMINATION OF A WOMAN AS THE PRESIDENTIAL CANDIDATE.
TO OBAMA, IT WAS A CHALLENGE AS TO WHICH HISTORICAL EVENT WOULD EMERGE, BECAUSE HIS CANDIDACY, ALSO A MILESTONE, WOULD
DECIDE WHETHER A BLACK MAN OR A WOMAN WOULD WIN THE NOMINATION FOR THE PRESIDENCY, FOR THE FIRST TIME IN HISTORY.
REMEMBER, IN HIS FIRST RUN FOR OFFICE IN CHICAGO, HE DESTROYED A FRIEND AND THE VERY WOMAN WHO HAD ENCOURAGED HIM TO
RUN FOR OFFICE.
ONCE HE HAD DESTROYED HILLARY’S REPUTATION, HE WAS HARD PRESSED TO NAME HER AS HIS VICE PRESIDENTIAL NOMINEE,
EVEN THOUGH HE KNEW IT WOULD HEAL THE SPLIT IN THE PARTY HE WAS RESPONSIBLE FOR, THIS DECISION WAS MORE OF THE SAME TREATMENT
MEN HAVE SUBJECTED WOMEN TO IN DEPRIVING THEM OF EQUAL RIGHTS SINCE THE DAYS OF ADAM AND EVE. OUR
CONSTITUTION GAVE FREEDOM TO ALL MEN AND NOT ONE WOMAN, ALTHOUGH SOME FREE BLACKS WERE ALSO RECOGNIZED AS FREE, LONG
BEFORE
WOMEN RECEIVED THE RIGHT TO VOTE IN 1920. TO THIS DAY WOMEN ARE NOT CONSIDERED EQUAL TO MEN, IN THE
WORKPLACE OR IN POLITICS.
IN HIS QUEST TO QUIET FEARS THAT HE LACKED
FOREIGN POLICY EXPERIENCE, HE SMARTLY CHOSE JOE BIDEN AS HIS RUNNING MAKE. WITH 26 YEARS IN
CONGRESS, BIDEN IS JUST ANOTHER OF THE DO NOTHING MEMBERS OF CONGRESS WE NEED TO DISMISS AND NOT PROMOTE.
IN ANY EVENT, THE SUCCESS OF THE SURGE IN IRAQ, FOR WHICH MCCAIN DESERVES ALL THE CREDIT FOR HAVING FAITH IN THE AMERICAN
SOLDIER, WHO ONLY WANT VICTORY IN IRAQ PROVED SUCCESSFUL AND SOON THE TROOPS WILL COME HOME SUCCESSFUL AND WITH A VICTOR.
OBAMA, IN THE PROCESS HAS BEEN PROVEN WRONG IN HIS GUESSWORK, SO HOW CAN YOU TRUST HIM TO MAKE DECISIONS AS PRESIDENT?
THAT OF COURSE WAS NOT THE NEED OF JOHN
MCCAIN WHOSE, FOREIGN POLICY CREDENTIALS ARE SECOND TO NONE. INSTEAD, HE CHOSE A VERY POPULAR
WOMAN REFORMIST GOVERNOR FROM ALASKA, ABOUT AS FAR AWAY FROM THE MESS IN WASHINGTON POLITICS AS YOU CAN GET IN NORTH AMERICA.
SHE IS A PROVEN CHANGER AND REFORMER, TRIED AND TESTED AGAINST WASTE AND CORRUPTION IN ALASKA EQUALLY AGAINST DEMOCRATS
AND REPUBLICANS. SINCE HER SELECTION, SHE HAS DRAWN MORE CROWDS THAN OBAMA SINCE SHE HAS EXPOSED
HIS PLAYBOOK AS EMPTY PAGES OF ACCOMPLISHMENTS BUT FULL OF PAGES OF EMPTY PROMISES.
WITH THIS VERY POPULAR NOMINATION, JOHN MCCAIN IMMEDIATELY PLACED THE FOCUS OF HIS CAMPAIGN ON REFORM, AND THE END
OF WASTE AND MISMANAGEMENT, WHILE RESURRECTING THE HISTORICAL EVENT OF A WOMAN VICE PRESIDENT OR
POSSIBLE PRESIDENT IN THE FUTURE.
MCCAIN HAS STOLEN THE CLAIM OF OBAMA, PROMISING
HOPE AND CHANGE AND HAS REDUCED IT TO THE PROVEN FACT OF CHANGE AND REFORM, HE AND SARAH PALIN HAVE BEEN SUCCESSFULLY BRINGING
ABOUT FOR YEARS. MCCAIN, THE MAVERICK WAS POPULARLY KNOWN IN WASHINGTON AS A REFORMER
WHO HAS SUCCESSFULLY CROSSED PARTY LINES TO GET NEEDED REFORM MEASURES PASSED, WHILE OBAMA WAS IN THE CHICAGO SENATE VOTING
PRESENT INSTEAD OF STANDING UP TO BE COUNTED. HIS CHOICE OF SARAH PALIN HAS RE-IGNITED
HIS CAMPAIGN AND THE CONTEST BETWEEN OBAMA AND THE WOMEN HE HAS CHOSEN TO CAST ASIDE IN HIS AMBITION TO WIN FOR HIS SAKE AND
NOT THE COUNTRY’S SAKE. NOW MOST DISENFRANCHISED MEN AND WOMEN IN GENERAL
HAVE 18 MILLION REASONS TO VOTE FOR MCCAIN, PALIN.
FOR THOSE CRITICS THAT CLAIM SARAH HAS LITTLE EXPERIENCE I REFER THEM TO HARRY TRUMAN WHOSE EXPERIENCE WAS THAT OF
A HABERDASHER, BUT WHO TOOK OVER A WORLD WAR ON TWO FRONTS AND SUCCESSFULLY BROUGHT THEM TO A CONCLUSION AND THEN ENDEARED
HIMSELF TO ALL AMERICANS WITH HIS DOWN TO EARTH JUDGMENTS IN THE KOREAN WAR AND EVEN HAD THE GUTS TO FIRE A POPULAR GENERAL,
MACARTHUR WHO THOUGHT HE KNEW MORE THAN THE PRESIDENT.
Sunday, September 7, 2008
CONGRESS’S IDEA TO HELP THE
HOMEOWNER,
MORTGAGE HOLDER
THERE IS NO QUESTION THAT UP TO FIVE MILLION AMERICANS
ARE THREATENED WITH FORECLOSURE OF THEIR HOMES AND PROPERTY BECAUSE OF DEFAULT ON THEIR MORTGAGE PAYMENTS.
THERE ARE MANY REASONS FOR THIS SITUATION, BUT THE PREDOMINATE ONE IS THAT TODAY; THE MORTGAGE BALANCE EXCEEDS THE
VALUE OF THE PROPERTY. THIS PROBLEM WAS CAUSED PRIMARILY BY LENDERS PROVIDING MORTGAGES TO
BORROWERS WITH LITTLE OR NO MONEY DOWN OR WITHOUT CREDIT CHECKS ON THE BORROWERS, WHO WOULD NOT HAVE QUALIFIED IN THE FIRST
PLACE. AS SOON AS THE VALUE OF THE PROPERTY FELL BELOW THE MORTGAGE BALANCE, THESE MOSTLY JUDGMENT
PROOF BORROWERS, STOPPED PAYMENTS ON THEIR MORTGAGE, DECIDING FORECLOSURE OR ABANDONMENT WAS THE BEST WAY TO ESCAPE FROM THEIR
RESPONSIBILITY.
MANY LENDERS HAD BUNDLED THEIR MORTGAGES AND SOLD
THEM TO MORTGAGE COMPANIES WHO HAD PLENTY OF INVESTORS SEEKING THE LARGER PROFIT IN MORTGAGE INTEREST INCOME THAN BANKS OR
OTHER SAVING INSTITUTIONS OFFERED. THE BANK WAS CONTENT TO MAKE A FEW DOLLARS FROM THE CLOSING
COSTS, MAKE THE LENDER HAPPY AND MOVE ON TO THE NEXT TRANSACTION. THIS UNCONTROLLED PRACTICE
BY THE GOVERNMENT, LED TO MORE AND MORE LIBERAL LENDING PRACTICES AND PROCEDURES. BANKS, BECAUSE
OF F.D.I.C. MEMBERSHIP, DO NOT WORRY ABOUT LOSING MONEY SINCE THE DEPOSITORS MONEY IS SECURED BY THE GOVERNMENT, YOU, THE
TAXPAYER. DO YOU REMEMBER THE BANK BAILOUTS OF THE 1980’S CAUSED BY THE LOAN SCANDALS
THAT COST YOU THE TAXPAYER TO FOOT THE BILL? WELL, IT IS HAPPENING AGAIN, SINCE THE GOVERNMENT
AND YOUR ELECTED OFFICIALS HAVE FAILED TO CONTROL SUCH UNSOUND AND STUPID PRACTICES. IT SEEMS LIKE
THE BANKING LOBBY HAS BOUGHT OFF OUR ELECTED OFFICIALS AND WE CONTINUE TO RE-ELECT THEM LIKE SHEEP LED TO THE SLAUGHTER.
OUR PROBLEM IS THAT WE LEAVE THE RUNNING OF OUR GOVERNMENT TO OUR ELECTED OFFICIALS WHEN THEY HAVE PROVEN, OVER AND
OVER AGAIN FOR THE LAST TWENTY YEARS, THAT THEY ARE IN BUSINESS FOR THEMSELVES, TAKING MONEY FROM LOBBYISTS, OBSESSIVELY TO
BE RE-ELECTED EVERY TWO YEARS INSTEAD OF REPRESENTING OUR INTERESTS.
CONGRESS’S ANSWER TO THE PROBLEM
IS TO BAIL OUT THE GENEROUS LENDERS BY ARRANGING TO HAVE FANNIE MAE AND FREDDIE MACK PICK UP THESE DEFAULTED LOANS AT LOWER
RATES SO THE LENDERS CAN PASS THE PROBLEM OVER TO US SUCKERS, THE AMERICAN PEOPLE. THE PROBLEM WITH
THIS PLAN IS COMPOUNDED BY THE FACT THESE FEDERALLY FUNDED AND GUARANTEE CORPORATIONS, ARE ALREADY IN TROUBLE FINANCIALLY,
BECAUSE THEY LENT OUT MONEY FOR LITTLE OR NOTHING DOWN ALSO AND NOW THE PROPERTY’S DECREASE
IN VALUE HAVE LEFT US HOLDING THE MORTGAGE BAG, TOO. THIS PROPOSED BAILOUT WILL COST, YOU,
THE TAX PAYER, UP TO 300 BILLION DOLLARS JUST AS PRESIDENT BUSH’S BAILOUT OF BEAR STEARNS LAST MONTH WILL SURELY COST
US ANOTHER $300 BILLION DOLLARS DUE TO THE CONTINUING DROPPING IN PROPERTY VALUES. MANY CONGRESSMEN
HAVE “SWEETHEART LOANS” WITH THESE LENDERS, AND THE LOBBYIST’S MONEY IS THEIR GOD.
IF YOU WANT TO SAVE $600 BILLION DOLLARS OF “YOUR MONEY” YOU SHOULD WRITE TO YOUR CONGRESSMEN AND SENATORS
AND TELL THEM OUTRIGHT, “IF YOU VOTE FOR THESE BAILOUTS, WE WILL VOTE YOU OUT. MAKE YOUR CHOICE.”
WHEN YOU ADD TO THIS MIX, THE FACT THAT ABOUT A HUNDRED OR SO BANKS ARE ALSO ON THE VERGE OF COLLAPSE DUE TO THEIR
OVERLY GENEROUS LENDING PRACTICES, YOU KNOW YOU, THE TAXPAYER, WILL BE PICKING UP THE F.D.I.C. GUARANTEES ON THOSE BANK DEPOSITS
SOON, ALSO. ADD ANOTHER $400 BILLION TO THIS GROWING PROBLEM AND YOU ADD ANOTHER TRILLION DOLLARS
TO THE NATIONAL DEBT, WHICH WILL REACH TEN TRILLION DOLLARS BY YEAR’S END.
YOU SHOULD KNOW THAT BY THEN, 60% OF THE NATIONAL BUDGET WILL GO TO PAY INTEREST ON THE NATIONAL DEBT. WITH 40% LEFT,
TO RUN THE COUNTRY. THIS IS WHY OUR U.S.DOLLAR IS ONLY WORTH FIFTY CENTS ON THE WORLD MARKET AND
FOREIGN INVESTORS ARE BUYING UP ALL OUR GOOD COMPANIES LIKE BUDWEISER BEER AND PROPERTIES LIKE THE CHRYSLER BUILDING AND ROCKEFELLER
CENTER IN NEW YORK.
THE ANSWER TO THE MORTGAGE PROBLEM IS TO LEAVE THE PLAYERS TO
THE DESTINY THEY PLACED THEMSELVES. FOR THOSE AMERICANS THAT ARE LOSING THEIR JOBS AND
FIND IT DIFFICULT IF NOT IMPOSSIBLE TO PAY THEIR BILLS AND MORTGAGE COMMITMENTS, WE NEED TO FIND NEW JOBS FOR THEM TO KEEP
THEM IN THEIR NEEDED HOMES. A COMPREHENSIVE ALTERNATIVE ENERGY BILL BY CONGRESS
WOULD BE OF IMMEDIATE HELP TO FIND NEW JOBS AND THIS IS WHAT CONGRESS SHOULD BE WORKING ON, HELP FOR PEOPLE WHO ARE AT THE
MERCY OF THE ECONOMY. WITH RISING OIL PRICES EVERYTHING IS AFFECTED, FOOD AND SHELTER IS MORE COSTLY
WHILE WAGES ARE STAGNANT IF NOT DECLINING. WE NEED TO END FAIR TRADE AND
REPLACE IT WITH BALANCED TRADE; FOREIGN COUNTRIES MAY SELL WHAT THEY WANT TO US, BUT MUST TAKE AMERICAN
MADE GOODS IN RETURN. THIS WILL RESTORE SOME JOBS TO THE ECONOMY WHILE ENDING THE $700 BILLION DOLLAR
TRADE DEFICIT EVERY YEAR.
LASTLY, IF WE DO NOT PUT PRICE CONTROLS ON DOMESTIC OIL
AND STOP ITS EXPORT WE MUST STOP THE SPECULATION FOR OIL AND FOOD ON THE COMMODITIES MARKET, BY BIG OIL AND BIG SPECULATORS
WHO PUT PROFIT BEFORE THE WELFARE OF THE AMERICAN PEOPLE.
A SAD COMMENTARY IS THAT NEITHER PRESIDENTIAL CANDIDATE HAS ANY
IMMEDIATE PLANS TO HELP THE COUNTRY IN ANY OF THESE VITALLY NEEDED FIELDS. THEY ARE BOTH U.S.
SENATORS WHO COULD INTRODUCE THE NECESSARY LEGISLATION IN CONGRESS TODAY, BUT CHOOSE TO WAIT UNTIL THEY ARE PRESIDENT, WHEN
IT WILL BE TOO LATE AND THEY WILL BE BEHOLDEN TO THE OLD BOYS IN CONGRESS WHO HAVE A REPUTATION THEY SHARE AS A “DO
NOTHING CONGRESS.” DO NOT BELIEVE THE PROMISES AND RHETORIC. DEMAND ACTION,
NOW, BEFORE IT IS TOO LATE.
Tuesday, September 2, 2008
SARAH PALIN, THE CAN DO, CAN FIX,
WOMEN’S CANDIDATE
EVERYONE SUDDENLY THINKS IT IS IMPORTANT WHO IS CHOSEN AS THE VICE PRESIDENTIAL PICK BY EACH PRESIDENTIAL CANDIDATE.
OBAMA CHOSE SENATOR JOE BIDEN, BECAUSE OF OBAMA’S LACK OF EXPERIENCE IN FOREIGN AFFAIRS AND THE HOPE THIS CHOICE
WOULD BALANCE THE EXPERIENCE OF JOHN MCCAIN.
HOWEVER, IN DOING SO OBAMA THREW AWAY THE OPPORTUNITY
TO HEAL THE SERIOUS RIFT IN THE PARTY BY PICKING HIS CLOSEST RIVAL, HILLARY CLINTON WHO COMMANDED
EIGHTEEN MILLION VOTES AND NEARLY WON HERSELF. HE ALSO PASSED UP THE CHANCE TO RECOGNIZE WOMEN AS
EQUALS, WHO HAVE BEEN TREATED LIKE SECOND-CLASS CITIZENS FOR THE LAST 250 YEARS IN THIS COUNTRY AND ELSEWHERE SINCE THE DAYS
OF ADAM AND EVE. WOMEN, SEE THIS ELECTION AS A TEST OF THE VALUE OF WOMEN’S PLACE IN
GOVERNMENT AFTER 250 YEARS OF DENIAL BY MEN.
JOHN MCCAIN SEIZED THE OPPORTUNITY BY NAMING
SARAH PALIN AS HIS RUNNING MATE. IN DOING SO, HE ALSO CHOSE A YOUNG ENERGETIC WASHINGTON OUTSIDER
AND REFORMER, WHO HAS THE EXPERIENCE IN THE FISCAL AFFAIRS OF A STATE SUCH AS ALASKA, AND THE COURAGE TO STAND UP AGAINST
WASTE AND CORRUPTION IN GOVERNMENT, SOMETHING WASHINGTON SURELY NEEDS TODAY.
OBAMA
HAS BEEN TALKING ABOUT CHANGE THROUGHOUT HIS CAMPAIGN, HIS YOUTH, VITALITY AND CHARISMA HAS ATTRACTED THOUSANDS OF YOUNG VOTERS
TO THE DEMOCRATIC FOLD.
HOWEVER, BY EMBRACING AND ALIGNING HIMSELF WITH THE
OLD HAT WASHINGTON MEMBERS OF THE DEMOCRATIC PARTY, ALL OF WHOM WERE PRESENT AT THE DEMOCRATIC CONVENTION, IN HIS SUPPORT,
THEY WILL ALSO BE PRESENT IN WASHINTON, IF HE AND JOE BIDEN ARE ELECTED. THIS IS NOT THE
CHANGE HE PROMISES; IT IS MORE OF THE SAME.
AT THE SAME TIME, YOU CAN EXPECT OBAMA AND
HIS WIFE TO PUSH LEGISLATION FOR THE BLACKS THAT HAVE SUPPORTED THEM BY 95 % BY SUGGESTING REPARATIONS AND ADDITIONAL BENEFITS
FOR THE BLACK’S SLAVERY IN AMERICA, WHICH ENDED 150 YEARS AGO. THIS IS THE BLACK’S
CRUTCH FOR SYMPATHY, EVEN THOUGH FOR THE LAST FIFTY YEARS THEY HAVE BEEN GIVEN PREFERENCE OVER WHITES UNDER THE AFFIRMATIVE
ACTION LAWS. OBAMA FORGETS IT WAS THE NATIVE AMERICAN INDIANS FROM WHOM WE TOOK THEIR FREEDOM AND
THEIR LAND 400 YEARS AGO AND ASSIGNED THEM TO THE STILL SEGREGATED RESERVATIONS. WE SHOULD HELP FREE
THE AMERICAN INDIANS FIRST.
NOW, IF YOU SIT BACK AND LOOK OVER THESE CANDIDATES
FOR EACH PARTY, YOU REALIZE SOMETHING VERY IMPORTANT, JOHN MCCAIN, FAR FROM BEING A WASHINGTON INSIDER, IS A MAVERICK, WHICH
NEVER FIT THE MOLD OF AS A REPUBLICAN. HE HAS ACTED MORE LIKE A REFORMER WHO HAS REACHED ACROSS THE
AISLE IN CONGRESS AND JOINED HANDS WITH DEMOCRATS TO HAVE REFORM LEGISLATION PASSED AS AN AMERICAN AND IN THE BEST INTEREST
OF THE COUNTRY.
AS A WAR HERO, AND A MEMBER OF CONGRESS FOR 32 YEARS, MCCAIN’S
FOREIGN POLICY CREDENTIALS ARE SECOND TO NONE.
BY JOINING HANDS WITH GOVERNOR, SARAH
PALIN, OF ALASKA, MCCAIN HAS EMPHASIZED THE REFORM CREDENTIALS OF HIS CANDIDACY, AS AGAINST OBAMA’S POLITICAL CREDENTIALS,
WHILE AT THE SAME TIME RECOGNIZING WOMEN’S WORTH AND NEED TO PARTAKE IN THE CLEANUP OF WASTE AND CORRUPTION IN THE OPERATION
OF OUR GOVERNMENT, WHICH HAS BEEN GOING ON UNABATED FOR MANY YEARS IN WASHINGTON.
AT THE SAME TIME, MCCAIN HAS GIVEN THE FRUSTRATED AND DISENFRANCHISED VOTERS IN MICHIGAN AND FLORIDA AND ALL THE WOMEN
OF AMERICA A CHANCE TO JOIN WITH HIM AND HIS RUNNING MATE, SARAH PALIN, TO FURTHER WOMEN’S CAUSES FOR RECOGNITION AND
ACCEPTANCE AS EQUALS TO MEN IN THIS COUNTRY. THIS IS A STATUS, YET TO BE ACHIEVED FOR WOMEN IN AMERICA
FOR THE LAST 250 YEARS, SINCE IT’S FOUNDING.
IT HAS BEEN THE WOMEN AND
NOT THE MEN WHO HAVE HAD THE RESPONSIBILITY TO RUN THE HOME, RAISE THE CHILDREN AND MANAGE THE FAMILY BUDGET.
THEY HAVE DONE IT WELL AND HAVE THE EXPERIENCE. IT IS NOW TIME FOR A WOMAN TO SOLVE
THE ECONOMIC PROBLEMS IN THIS COUNTRY, SINCE MEN IN WASHINGTON HAVE AMPLY DEMONSTRATED THEIR FAILURE TO DO SO.
WE CANNOT HOPE FOR CHANGE, WE NEED THE HANDS OF EXPERIENCED, PROVEN PEOPLE TO DO THE JOB. JOHN
MCCAIN AND SARAH PALIN HAVE THAT EXPERIENCE AND PROVEN ABILITY TO CLEAN UP THAT MESS IN WASHINGTON.
