November 21, 2008
RINO Rep. Joe Knollenberg R-Mich 'It is not your money'
Rep. Joe Knollenberg, R-Mich
A Republican congressman seeking a $25 billion bailout of the troubled U.S. auto industry made a stunning statement about taxpayer funds to benefit Detroit, claiming, "It is not your money."
Rep. Joe Knollenberg, R-Mich., made the remark during a discussion with Fox News anchor Neil Cavuto yesterday as the pair debated sending billions of federal dollars to prop up the Big Three carmakers.
Cavuto asked Knollenberg: "When the housing industry CEOs come to you and say, 'You know, if we go under and all the ancillary businesses – the dishwasher manufacturers, the washer-and-dryer manufacturers, the Lowe's and the Home Depots that vastly depend on our being alive and vibrant – if we go under, there's hell to pay. And then the textile manufacturer comes to you and says, 'If we go down, there's hell to pay.' And on and on and on we go. Where do you draw the line with our money?"
"It is not your money," said Knollenberg.
Cavuto screamed back, "It is! It is taxpayers money!"
Knollenberg claimed dealers are not selling cars right now because "there's no credit to get."
He explained, "If we could just remove that problem, and this is what we're trying to do, then we'd be in the position to sell cars."
Cavuto fired back: "There's nothing in the $25 billion or $50 billion that will open up credit for folks to buy cars that in good times and bad, they had not wanted to get from these guys."
Knollenberg explained, "The purpose of the $25 billion is to give them some money for the time being to make sure they stay alive, that they stay in place."
He claimed there would be a massive negative ripple effect through the economy if even one of the major automakers is allowed to fail.
Cavuto closed the discussion by saying, "Congressman, there's a line of people behind them who are going to make a similar argument. I hope you're ready for it."
Knollenberg held his seat for 16 years in the House of Representatives, but was just defeated this month by Democrat Gary Peters, who will be the first Democrat to hold that district since 1893.
Today on the CBS "Early Show," Sen. Richard Shelby, R-Ala. said automakers should file for bankruptcy and fire their management.
"I don't believe that they have immediate plans to change their model, which is a model of failure," Shelby said.
He argued against any bailout, saying, "It will just prolong the agony. These companies are failures now, unless we get rid of the management."
The full extent of Knollenberg's appearance can be seen here.
Wild Thing's comment.........
He was just replaced by a Democrat from a district the Republicans had held since forever. He has probably been a RHINO for years.
Since 2005, I have felt more and more like I was living in the twilight zone. The country at this stage bears little resemblence to the one I grew up in.
Good for Cavuto is not one to back down!! I like him and he has a good show.
This is why the Republicans took a whoopin on election day. Big buisness, globalist, elites just dripping with arrogance.
Not that the Democrats are any better, they are the TRUE enemy within, and keep touting mantras that appeal to the gimmiewannagottahave crowd.
....Thank you Mark for sending me this article.
Posted by Wild Thing at 04:50 AM | Comments (10) | TrackBack
November 18, 2008
Zell Miller Backs Chambliss in Ga.
Sen. Saxby Chambliss, who faces a runoff election against Democrat Jim Martin in Georgia, warns that Senate Democrats will promote an “out-of-control left-wing agenda” if they gain a 60-vote, filibuster-proof majority.
Zell Miller Backs Chambliss in Ga.
Former Democratic Senator and Georgia Governor Zell Miller has endorsed Republican incumbent Sen. Saxby Chambliss in the upcoming runoff election in Georgia against Democratic challenger Jim Martin.
Mindful that Democrats could have 59 Senate seats by that time, one short of a filibuster-proof majority, Miller told the gathering that Saxby “could well be the last man standing [against] a far-left liberal agenda sailing through the U.S. Senate, an agenda that Jim Martin just can’t wait to help move on.”
Miller said when he was governor, “I proposed a $100 million tax cut for Georgia. Guess who [was] the very first state legislator [who] popped up and said, this is wrong, we’ve got too many unmet needs to do it? You guessed it. His name was Jim Martin.
“Unmet needs. I think the greatest unmet need is getting that money back to the taxpayers.
“I have served with both these men in this race. And there is no question in my mind or in my heart which one is the best prepared to serve our country and serve our state. And that is our senior Senator, Saxby Chambliss.”
In 2004, Miller delivered the keynote speech at the GOP convention, and he backed President George W. Bush over John Kerry in the general election.
Miller did not run for re-election and left the Senate in 2005.
In the RNSC ad, he alludes to President-elect Barack Obama’s likely economic policies and declares: “I don’t like this spread the wealth. To steal from Peter to pay Paul even if it gets Paul to vote for you, is wrong, wrong, wrong.”
Wild Thing's comment.......
Zell Miller is so good, I never will forget his speech at the GOP convention.
Posted by Wild Thing at 04:50 AM | Comments (9) | TrackBack
November 14, 2008
Democrats Can't Do An Honest Election If Their Life Depended On It!
Minnesota Ripe for Election Fraud
Minnesota is becoming to 2008 politics what Florida was in 2000 or Washington State in 2004 -- a real mess. The outcome will determine whether Democrats get 58 members of the U.S. Senate, giving them an effective filibuster-proof vote on many issues.
When voters woke up on Wednesday morning after the election, Senator Norm Coleman led Al Franken by what seemed like a relatively comfortable 725 votes. By Wednesday night, that lead had shrunk to 477. By Thursday night, it was down to 336. By Friday, it was 239. Late Sunday night, the difference had gone down to just 221 -- a total change over 4 days of 504 votes.
Amazingly, this all has occurred even though there hasn’t even yet been a recount. Just local election officials correcting claimed typos in how the numbers were reported. Counties will certify their results today, and their final results will be sent to the secretary of state by Friday. The actual recount won’t even start until November 19.
Correcting these typos was claimed to add 435 votes to Franken and take 69 votes from Coleman.Corrections were posted in other races, but they were only a fraction of those for the Senate. The Senate gains for Franken were 2.5 times the gain for Obama in the presidential race count, 2.9 times the total gain that Democrats got across all Minnesota congressional races, and 5 times the net loss that Democrats suffered for all state House races.
Virtually all of Franken’s new votes came from just three out of 4130 precincts, and almost half the gain (246 votes) occurred in one precinct -- Two Harbors, a small town north of Duluth along Lake Superior -- aheavily Democratic precinct where Obama received 64 percent of the vote. None of the other races had any changes in their vote totals in that precinct.
To put this change in perspective, that single precinct’s corrections accounted for a significantly larger net swing in votes between the parties than occurred for all the precincts in the entire state for the presidential, congressional, or state house races.
Wild Thing's comment.........
Label this one magical votes, 35 of the votes appeared from a trunk of a car belonging to one of the officials. sheesh. The woman that put them there said she forgot about them. Sure I really want to believe that. LOL Good grief!!
They will recount and recount until Franken gets ahead, then stop.
Then a liberal judge will approve it.
Coleman, the winner, will end up being history.
They are stealing this election in broad daylight before our very eyes and we are supposed to sit on our hands and do nothing? Where is Pawlenty? Where is the RNC? Where is the Republican Senate Campaign Committee?
Somebody on the GOP side needs to stand up and fight this larceny.
....Thank you Mark for sending this to me.
Posted by Wild Thing at 05:50 AM | Comments (28)
November 13, 2008
Yuri Bezmenov Tried To Warn The U. S.
Over twenty years ago Yuri Bezmenov gave this interview to C. Edward Griffin regarding the dangers of communism as it related to America's vulnerability. He was a journalist in Soviet Russia and his father was in the military. He idenitifies for us the four stages that are taken to move a country and it's citizens into death throws of a communist state.
1. Demoralization (the breakup of a moral society)
2. Destabilization
3. Crisis ....economic would be one
4. Nationalization
This video is well worth the time spent to view it. Let's hope we have some leaders left in our country who will put a stop to this.
The last four minutes plus, beginning at the twelve minute mark, sounds as if he could be reading from the headlines of today.
The closet communists are making big moves and their leader hasn’t even taken office yet.
I think Reagan did a great deal to slow this down.
There are 9 parts to this video and it is a must watch:
.
Part 5, Yuri Bezmenov talks about some of the useful idiots, American reporters, who bought into the Soviet myth and claimed to be sovietologists.
It’s great to see that Kennedy was included in this group. He characetrizes him as, “He was narrow minded egocentral idiot.”
Wild Thing's comment...........
These video's are informative and I learned a lot watching them. I recommend them highly. It takes some time, but I would not ask that time back that I spent learning from them.
Many would say we are doomed, but I also know the human spirit and as Americans we have something no other country in my opinion has ever had........ being AMERICAN.
We are not European, not Canadian, and it does make a difference. For such a young country we have been the leader in the world, the one that has given the most, fought for others the most and been counted on more then any other Nation. THAT counts for a lot in my book and the reason for all of that is because we are Americans. Because of the kind of people that have served our country, and being American had something to do with that. The pride in the red, white and blue it is there in our hearts.
The foreign and defense policies of Ronald Reagan resulted in the dissolution of the Soviet Union and the freeing of approximately 122 million people in Eastern Europe.
Nearly 23 million Taiwanese would be denied freedom if not for American protection. More than 48 million South Koreans would be living under a dictatorship if not for American protection.
With the USA leading the way and our allies joining us we removed the Iraqi dictator Hussein, who was responsible for the murders of hundreds of thousands of people in the Middle East. And we have also removed the terrorist Taliban government in Afghanistan.
American action in Central America, Grenada,and Haiti has kept millions of people out of totalitarian regimes. Of course, all of this has cost every American taxpayer big. And thousands of American military have lost their lives protecting people overseas.
The truth is that the USA has freed more human beings in 230 years than the rest of the world combined. France has freed almost no one. Ditto Canada.
America has a provable history of freeing oppressed people all over the world in fighting evil dictators.
Now for the first time we very well might have an evil dictator of our own in Barack Hussein Obama. Time will tell how much of his agenda he will accomplish. Time will also tell how far into socialism and communism we will sink.
But let's not forget we are AMERICANS and we fight back, we know what Freedom is more then any other country in the world. Hell we invented our kind of freedom, our kind of country, capitalism and the American Dream. There is no European dream, no French dream or Canadian dream, NO it is the American dream. And right now we are entering a nightmare but if we hammer away at people that lean left, talk to them, teach them, and also fight back in the ways we are so good at, we can save our country.
I still believe America is greater than anything this pretender can unleash in the four year’s he’s got. If nothing else, his doddering will reignite a fighting spirit of conservatism and basic values that this nation attained greatness with.
We have a pedigree born of blood and guts.
I firmly believe ‘the one’ will ultimately be his own worst enemy and his arrogance will undo him.
You can compare our current situation to that of other nations when they fell to dictators, but they weren't America. There has never been a country such as ours, nor was there ever a people like ours, so we simply can't be compared to other nations.
Freedom can never be complacent
Posted by Wild Thing at 05:45 AM | Comments (4)
October 29, 2008
Traitor To America and Our Troops Murtha Vs. Lt. Colonel Bill Russell (USAR ret.) HERO!
Murtha continues his tirade in the 12th Congressional District. In this FOX NEWS report he says NO God damn way.
Taking Murtha Down?
Voters are beginning to realize that the longtime congressman does not share their values, says Russell.
“What Mr. Murtha did was attribute the lowest possible motivations to our voters,” he says. “The people in this area tend to vote their values. To say that they are simply racist because they won’t vote for Obama overlooks the fact that Senator Obama has an almost radical pro-abortion platform, as well as a very anti-gun platform. This shows that Murtha has clearly lost touch with the voters.”
Russell, a retired Army Lieutenant Colonel, says this isn’t the first time Murtha has outraged his constituents. In 2005, Murtha, a former Marine, called for an immediate and complete troop withdrawal from Iraq. Two years ago, he called U.S. Marines accused of killing civilians in the Iraqi city of Haditha “cold-blooded murderers.”
“The most vehemently anti-Murtha people I meet are Marines,” Russell says. “They believe he threw them under the bus with his Haditha comments. Overall, veterans have been very, very positive toward me.” He estimates that 90 percent of veterans in the district will choose him over Murtha.
Russell’s campaign has also questioned what Murtha has done to help the economically depressed area, despite securing hundreds of millions of dollars in earmarks.
“After 35 years of earmarks -- earmarks that have hurt business development here -- our biggest export is our adult children,” Russell says, adding that Murtha has voted against coal development in the region.
Russell also says the Murtha campaign has engaged in voter intimidation.
“Back in the early part of my campaign, when I was doing ballot petitions, I had about 15 people tell me ‘Look, I can vote for you, but I can’t sign your petition or donate to your campaign because I or my wife will get fired,’” Russell says. “People were afraid to sign public documents for fear of retribution.”
Wild Thing's comment.........
If Murtha gets elected AGAIN after what he has said about our troops, our Marines, then I think those that voted for this POS Murtha, this scum, low life not worth the air he breaths Murtha, deserve the worst kind of karma possible. They do NOT love Amercia, they do NOT respect our military PERIOD! They will be my enemy and I hope those living in Murhta and Russell's area will realize how the rest of Anmerica feels about their vote, that it effects all of America, all of our military not just their world where they live.
The RNC has provided $84,000 to the Russell campaign to put up a TV ad on local stations this week ( source HERE )
The National Republican Congressional Committee will spend $84,000 on an ad that quotes Murtha's recent remarks calling his district racist - as well as past statements about U.S. military personnel killing innocent civilians in Iraq - and ends with the word, "Enough."
....Thank you Mark for sending this to me.
Posted by Wild Thing at 04:44 PM | Comments (9)
October 24, 2008
Retired Army Lt. Col. William Russell LEADS Murtha the Traitor in the Polls
New poll shows Russell over Murtha, 48-35
Thank you Michelle Malkin for the poll information.
“The most important variable here is that a decisive majority say it’s time for a new person,” said Jim Lee, president of Susquehanna Polling and Research. He attributed some of the unhappiness with Murtha to the congressman’s recent comments.
As a 9-11 Pentagon survivor and Operation Iraqi Freedom veteran, Bill understands the sacred obligation civilian leaders owe to military personnel and their families. He’ll always honor their service and sacrifice.
Beyond a strong defense, Bill believes our national security policies must include an aggressive plan for energy independence, and the confrontation of radical, violent jihad.
Here’s where Bill stands on key national security issues:
Supports the ongoing winning of the War on Terror and radical jihad.
Supports tough border enforcement measures, and the prosecution of employers who hire illegal immigrants.
Supports energy independence through expanded domestic oil exploration and production, and the development of alternative energy sources.
Supports continued research, development and deployment of effective military technology to keep America safe.
Supports ensuring that our troops have the equipment and support they need to do the job they are ordered to do.
Supports full funding for veteran’s benefits and continued reform and improvement of military hospitals.
Supports making English the official language of the United States.
Supports American sovereignty. He opposes weakening America’s ability to protect her interests in either domestic or foreign policy.
Bill Russell believes that it’s time for America’s elected leaders to truly honor the service and sacrifice of America’s fighting men and women.
Wild Thing's comment........
I am so excited about this. Keeping my fingers crossed and praying this lead continues for Russell!!
Posted by Wild Thing at 04:50 AM | Comments (6)
October 21, 2008
Dr. Marion D. Thorpe, Jr for Congress,District 23 - Florida
Marion D. Thorpe Jr., MD MPH
U.S. Congressional Candidate
District 23 - Florida
Thorpe has gained the Republican nomination to challenge Rep. Alcee Hastings (D-Fla.) in the 2008 congressional elections. And I have posted about the horrible, vile Alcee Hastings before. -- Wild Thing
Dr. Thorpe regarding the BAILOUT:
"We must ask ourselves what this action will teach our children. The answer is easy to deduce, as follows: The message that this bailout sends to our youth indicates that personal responsibility no longer matters.
" I am profoundly disappointed that my opponent, the Honorable Alcee Hastings, who has claimed to represent the interests of his constituents since first being elected in 1992, is a strong proponent of the bailout, including the original Democratic bill which was full of insidious measures that helped large corporations but did nothing for the middle class.
The people of US Congressional District 23 need a clear signal that our government will heretofore facilitate conditions that promote the success and independence of hard working families, not bail out large banks that make bad decisions. While the Democratic proposal was shocking, and Republican support for it constitutes an unfortunate act of folly, Mr. Hastings’ support of both bills is unfathomable.
Having immersed myself in District 23 for the last 5 years, I know the real struggles facing our community. For this reason, I highly support and promote personal responsibility as the soundest method of correcting the multiple deficits of our community. You have my word that my Congressional vote will be cast in a manner that helps small family businesses in the district survive during tough times while simultaneously ensuring that my people thrive in all parts of US Congressional District 23."
Political Experience
Delegate (Alternate) Republican National Convention New York, New York
Member National Black Republican Association Washington, D.C.
Member Black Republican Caucus Palm Beach County
Member Jerome Gray Republican Club Broward County
More from his bio:
Speaks Against $700 Billion Bailout
Gains National Association of Wholesaler-Distributors Endorsement
U.S. Congressional Candidate for District 23 (FL), Gains LetsGetThisRight.com Endorsement
One Unique Republican Doctor's Mission to Heal America is Also Just What's Needed to Heal the GOP
Selected as Best Candidate For the Concerns of the Business Community
Candidate for U.S. Congress in FL-23, Makes Pledge to Hire Wounded Veterans
Wild Thing's comment...........
I am not in his District, but I know there are people that read this blog that live on the other side of Florida where Dr. Marion D. Thorpe, Jr is located.
Posted by Wild Thing at 04:40 AM | Comments (6)
October 17, 2008
South Dakota's Joel Dykstra For The U.S. Senate
Education
BS Business Management
Oral Roberts University
Tulsa, OK
Work Experience
International oil and gas exploration and production
Economic and new business development
Manufacturing/international supply chain development
Government Experience
School Board
South Dakota House of Representatives
Economic Development Organizations
Governor's Task Force
- Energy
- Health Care Reform
There are more Republican seats (23) in the U.S. Senate up for election than Democratic seats (12). Of the 12 Democratic seats only 3 are not considered very safe for the Democrats. Of the 3 safe seats only one, South Dakota has a strong conservative running in opposition. He is Joel Dykstra.
Running for Senate in 2008, Canton native Joel Dykstra is a proven leader in South Dakota. He has served South Dakotans in the State Legislature since 2002. In 2004, Joel was elected Assistant House Majority Leader, a position he still holds today. He also chairs the House Taxation Committee and serves as Vice Chair of the House State Affairs Committee.
State Rep. Dykstra is rated as a hard-core conservative and his opponent, Sen. Johnson is rated as a Moderate Liberal Populist on the OnTheIssues.com website. Dykstra is pro-life and against same-sex unions, while his opponent is primarily pro-abortion and supports the homosexual agenda (hate crimes and against keeping marriage the exclusive domain of one man and one woman.)
Senator Johnson received national attention in late 2006, when he began suffering from severe health problems. The possibility arose that he might step down. That would have led to a Republican filling his Senate Seat and returned control of the Senate to the GOP. However, Johnson’s health has improved and he is currently serving his duties as Senator.
State Representative Joel Dykstra website
Joel's opponent, Tim Johnson has voted repeatedly against domestic drilling and effectively increased our dependence on foreign oil. Now he’s flip-flopped on the issue - not completely - but just enough to make it a talking point for their media blitz. Another example of too little, too late is the current crisis in the financial sector. Senator Johnson’s much highlighted senior role on the Senate Banking committee does not seem to have translated into his sponsoring any meaningful reform efforts. It seems to have been business as usual in Washington these past years with incumbents taking large PAC checks for their reelection campaigns while looking the other way when it came time to provide leadership and oversight. So, like it or not, American tax payers are now in the mortgage and insurance business.
Sort of makes you want new representation in Washington.
Wild Thing's comment.........
I am posting this for those that are able to support Joel Dykstra in their area and if you know anyone that lives in his area as well you can send them this post.
This Presidential election will take our country forward and keeping America the best it has always been or down a road of total socialism and worse.
All the races in this election are important and we need to try to get as many Republicans as we can elected to get back the majority in the Houses. Joel is a conservative and that makes him in my opinion the Grade A Republican we need. I have posted about others running in other States that we need to keep an eye on as well and pray they win for their State and for America.
Posted by Wild Thing at 03:44 AM | Comments (4)
October 15, 2008
Traitor To America John Kerry Vs. Hero and Great American Jeff Beatty
The Good
Jeff is a former Army Delta Force Officer (wounded in the first Blackhawk shot down) who earned a Purple Heart and a Combat Infantry Badge helping to rescue hundreds of Americans. He is a former FBI Agent advising the National Hostage Rescue Team and a former CIA Counter-terrorism Officer with service in Europe and the Middle East. Jeff Beatty's government service is second to none.
After leaving government, Jeff founded TotalSecurity.US an anti-terrorism consulting firm that has helped protect U.S. citizens here in Massachusetts and across our country.
Jeff lives in Harwich, MA with his dog Buddy. Jeff loves dogs and in addition to Jack Russell Buddy, has rescued several dogs - most recently a Belgian Malinois named Major BO. Major BO had been abandoned and was going to receive lethal injection in 72 hours. This situation came to Jeff’s attention and he immediately made the commitment, spent the funds out of pocket, flew to Florida and saved Major BO who is now placed with a great family on Cape Cod..
For relaxation Jeff enjoys motorcycling, fishing from Red River Beach in Harwich, a good Red Sox, Celtics or Patriots game and golf.
Jeff’s Military Honors include:
Meritorious Service Medal (as Delta Force Assault Troop Commander)
Purple Heart (Grenada Rescue)
Combat Infantry Badge (Grenada Rescue)
Army Commendation Medal with "V" (Valor) (Grenada Rescue)
Ranger Tab (Company Commander of Ranger Class)
Parachutist Badge
Army Aviator (Distinguished Honor Graduate - #1 in Flight School)
Army ROTC Rutgers College - Distinguished Military Graduate (top 5% in the country)
October 7, 2008
Jeff Beatty Says John Kerry Should Have Voted "No" on Bailout Bill
Republican U.S. Senate candidate Jeff Beatty said the bailout bill provides cover for politicians instead of recovery for Main Street and that John Kerry should have voted against it. Beatty vows to change this bad bill when he's elected into the Senate.
.
The Bad ( Traitor Kerry) & Ugly
John Kerry has expressed anti-American sentiment throughout his public life -- beginning with his testimony before the Senate Foreign Relations Committee in 1971.
Early last year in Davos, Switzerland, Kerry ingratiated himself with Europeans by again making public comments that revealed his true nature and shocked many people here at home.
Speaking at the World Economic Forum, he openly ridiculed the United States to the delight of many in the audience. "The problem with Americans is they have an unfortunate habit of seeing the world through an American lens," Kerry said. He also referred to the United States as an "international pariah."
Traitor John Kerry Today......................
John Kerry and Gwen Moore Rally For Obama-Biden (October 14th, 2008)
Gotta love the Kerry-Edwards signs filling out the scene. LMAO Yes, this is October 2008.
Looks to be somewhere in the neighborhood of 100-150 in attendance. Many press and even more AFSCME (Unionized city workers) waving signs or staring off away from the stage. Tax dollars at work.
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Latest News on Jeff Betty vs. John Kerry
Beatty camp reacts to Yankees charge, accuses Kerry of ‘smears’
Republican Jeff Beatty's campaign responded Friday to the Kerry campaign's earlier charge that he roots for the New York Yankees, accusing the Kerry campaign of dodging questions and engaging in smear tactics.
In response to Beatty's call for an examination of Kerry's ties to bailout insurance company AIG, Brigid O'Rourke, a spokeswoman for the Boston Democrat, told the Boston Globe: "In case Jeff Beatty hasn't noticed, that AIG stock he's talking about isn't looking so hot these days - sort of like his favorite baseball team, the New York Yankees."
The Beatty camp said the Harwich Republican is not a Yankees fan and said that O'Rourke made the remark because a Yankees hat was put on Beatty to keep bandages on his head when he was injured rescuing U.S. hostages in Grenada (photo above).
Instead of engaging on the issue, Beatty spokeswoman Christine Hunsinger said, the Kerry camp chose political smears.
"When asked serious questions, John Kerry sidesteps, smears, and then goes on the attack," Hunsinger said. "Add to the long list of people Kerry has insulted those military doctors and medical students, some Yankees fans or Red Sox fans like Jeff, who risked their lives to tend to soldiers while under fire in Grenada. If these weren't such serious times, we would ask for an apology. Instead we say it's time to fire John Kerry."
Traitor John Kerry's quotes about Grenada from the past:
Kerry was scornful, for instance, of the Grenada invasion, launched by Reagan the previous October to evacuate US medical students after a Marxist-backed military coup on the Caribbean island. At one point he likened it to "Boston College playing football against the Sisters of Mercy."
Kerry told The Cape Codder newspaper: "The invasion of Grenada represents the Reagan policy of substituting public relations for diplomatic relations . . . no substantial threat to US interests existed and American lives were not endangered . . .The invasion represented a bully's show of force against a weak Third World nation. The invasion only served to heighten world tensions and further strain brittle US/Soviet and North/South relations."
Posted by Wild Thing at 05:44 AM | Comments (8)
October 11, 2008
Rep.in California Tom McClintock Congressional Campaign Has One Very Nasty Opponent Known As Charlie Brown
Tom McClintock was born July 10, 1956, in White Plains, New York, is a California State Senator, representing the 19th district. On March 4, 2008, McClintock announced his candidacy as the Republican nominee for U.S. House of Representatives , California's 4th congressional district.
Tom McClintock’s Democrat opponent Charlie Brown has been running one of the most vile, hate filled campaign filled with lies and attacks of more lies about Tom McClintock.
Here is a sample of the kind of low life this Charlie Brown is and how he was involved with this and supported it.
Here is a TV ad highlighting Charlie Brown's participation at a anti-war rally, where he wore his uniform, in support of a homeowner who hung a soldier in effigy.
Sacramento Bee,
David Whitney,
Bee Washington Bureau
October 31, 2006
Anti-war activist Stephen Pearcy, who gained attention from his Sacramento home in February when he hung a human-shaped form dressed in a military uniform and adorned it with anti-war messages, charged that the retired Air Force officer is distancing himself from the protesters who had come to regard Brown as one of them.
“He’s back-pedaling,” said Pearcy in an interview. “He was initially holding himself out as an anti-war candidate, someone who vehemently opposed the war and supported immediate withdrawal. Now I am not so sure he supports that … This is an example of the kind of Democrats we’ve had who have acted basically in a spineless manner.”
Pearcy said the Roseville Democrat had appeared at his house in February when his dangling protest symbol was generating crowds of pro-war activists. Pearcy said Brown was dressed in his Air Force uniform to show his solidarity with him and his wife.”
He is a conservative Republican, strong on defense, strong stance against amnesty for illegal aliens, has worked hard for our Veterans, supported the Surge and supports our military big time.
State Sen. Tom McClintock's congressional campaign has criticized opponent Charlie Brown over his campaign contributions from embattled U.S. Rep. Charlie Rangel (D-New York) and noted that U.S. House Speaker Nancy Pelosi (D-San Francisco), who has also contributed to Brown's campaign, is facing questions about her own campaign fundraising.
This is one of the hearted battles in our country. The Dems never can run an honest campaign and so it is important to show support as much as possible for Republicans especially men like Tom McClintock that is well deserved.
Some quotes from those who have served our country about Tom McClintonck.
“Every dollar that the government wastes is a dollar less we can spend to help the families of the men and women overseas, and those wounded in combat. As a Marine who served in both Iraq and Afghanistan, we need Tom McClintock in Congress to fight the Democrats’ message of ‘cut and run.’”--Duncan D. Hunter, Captain United States Marine Corps (R)
“Tom McClintock has supported hundreds of bills over the years that support our military, our veterans and their families. Tom McClintock supported the surge and reinforcements for our troops. I proudly support McClintock for Congress.”--Rod Allen, reserve officer in the United States Marine Corp.
“Tom McClintock is a true patriot; he supported reinforcing our troops in when others, including his opponent, wanted to cut and run. He has a stellar record on veterans affair and is a co-author of Proposition 12 which will provide home loans to veterans.”--Tom Dwelle, retired Air Force Lt. Colonel
Yes on Proposition 8's campaign director Karen England issued the following statement regarding 4th congressional candidate Charlie Brown's opposition to Proposition 8:
"For California families, there is no other political issue this election as important as saving marriage. That's why it is imperative that voters support only candidates who respect traditional marriage. Charlie Brown's astonishing opposition to Proposition 8 reveals just how out of touch he is with citizens in the 4th congressional district-and the overwhelming majority of Californians and Americans.
After evading the issue for months, Mr. Brown finally declared that he does not support Proposition 8. This means that Mr. Brown supports four activist judges overturning Proposition 22, and imposing their social agenda on Californians.
"Not only am I working to pass Proposition 8, I'm a resident of the 4th congressional district. I know my fellow voters in this district-they're my neighbors and friends. In his opposition to Proposition 8, Mr. Brown sides with radical liberals who certainly don't represent the values of our community.
"Given his outright opposition to the most essential issue to families-the definition of marriage-Mr. Brown is not the candidate voters in support of marriage will ever support."
A 4th congressional district resident from Roseville, Karen England is the campaign director for Yes on Proposition 8. This voter-supported campaign committee is dedicated to educating voters about the issue of marriage. To learn more, visit www.YesonProposition8.com
Posted by Wild Thing at 05:47 AM | Comments (1)
Ohio State Sen.Steve Stivers Running For Congress
Spc. Robbie McBride (fourth from left), a member of the 237th Personnel Services Battalion, receives a ceremonial check for $6,000 for six successful enlistment referrals into the Ohio Army National Guard from Command Sgt. Maj. Bill Gilliam (far left), Ohio command sergeant major; Brig. Gen. Matthew L. Kambic (center), Ohio assistant adjutant general for Army; and Lt. Col. Steve Stivers (right), 237th PSB commander. Also pictured is McBride's wife, Carissa (second from left). (Photo by Spc. Diego James Robles)
State Senator Steve Stivers announced in Nov. of 2007 his candidacy for Ohio's 15th Congressional District. In the Senate, Stivers has been an advocate for programs and initiatives that promote economic development and encourage job creation.
He was awarded a Bronze Star for his accomplishments as a battalion commander during Operation Iraqi Freedom. Senator Stivers returned to the Senate in December 2005. He has served in the military since 1985. He has held positions as Radio-Teletype Operator, Chemical Officer, Company Commander, Logistics Officer, Battalion Executive Officer and Battalion Commander.
He is currently a Lieutenant Colonel in the Ohio Army National Guard. He has more than 22 years of service and served the nation oversees for nearly a year in Operation Iraqi Freedom in Kuwait, Iraq, Qatar and Djibouti.
Steve Stivers opponent is Mary Jo Kilroy , she is a staunch Democratic Socialist communist somone and of course a big supporter as well of Barack Hussein Obama.
Mary Jo Kilroy stars in a socialist French documentary by Noel Burch, on his journey back to America to visit his militant, far left friends, of which Kilroy is one.
From The Hill
Kilroy has appeared in a documentary about radical socialism and led a discussion at a 1997 conference of the Center for Democratic Values, a think tank associated with the Democratic Socialists of America, about arguing for public schools.
Kilroy has been locked in a tense race with Republican Steve Stivers in Ohio's 15th Congressional District, where Republican incumbent Rep. Deborah Pryce is retiring.
I pray Steve Stivers wins by a landslide wouldn't that be awesome and kick this Kilroy back to kingdom come.
Wild Thing's comment.........
With only 29 days left until the election, every day is an important one not only for the Presidential campaign but also for all the other ones going on across our country. As you know I have posted various campaigns happening. William Russell vs. John Murtha and othes and this is another one I would like to tell you about.
What is shocking in the various campaigns is how similar they ALL are, because all the Democrats running against the Republicans are socialists, communists,anti-American, have your pick from all or any of those things. But they all are against what America has stood for and they all want to change it to a socialist, communist country.
The Democrats have NO shame and are backed by a media that has no shame as well as they have all become blantant in their push for our country to dive into the pits of socialism/communism.
We have got to fight back!! That is why when we saw the video the other day I posted of Americans yelling out how fed up they were at several of the McCain/Palin rallies it is huge. It was wonderful and it is a step in the right direction.
Men like Steve Stivers are our chance to fight back and keep America from being run over by the likes of this socialists Obama brained commie like Kilory.
God bless Steve Stivers in his run for Congress.
Posted by Wild Thing at 05:45 AM | Comments (3)
October 10, 2008
US Debt Clock Runs Out Of Digits
Until last month, the clock had enough digits to measure US debt levels
US debt clock runs out of digits
The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiralling figure.
The digital counter marks the national debt level, but when that passed the $10 trillion point last month, the sign could not display the full amount.
The board was erected to highlight the $2.7 trillion level of debt in 1989.
The clock's owners say two more zeros will be added, allowing the clock to record a quadrillion dollars of debt.
Douglas Durst, son of the late Seymour Durst - the clock's inventor - hopes to replace the Manhattan clock with its lengthier replacement early next year.
For the time being, the Times Square counter's electronic dollar sign has been replaced with the extra digit required.
For its part, the digital dollar symbol has been supplanted by a cheaper version - perhaps a sign of the times for the American economy.
Some economists believe the $700bn bail-out plan for ailing US financial institutions could send the national debt level to $11 trillion.
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Wild Thing's comment...........
"Somebody ride back into town and get a $#!tload of dimes!" - Slim Pickins, Blazing Saddles
No worries; the Obama "Messiah" will soon come to our rescue and all will be well!
Looks like I better get used to the next term "Quadrillion" if B. Hussein Obama wins this election.
Drop $1 per second into a hole -- it will take you
Eleven and a half Days to drop $1 Million.
Thirty One and A Half Years to drop $1 Billion.
Three Thousand, Two Hundred and Fifty plus Years to drop $1 Trillion.
....Thank you Tom for sending me this article.
Posted by Wild Thing at 05:47 AM | Comments (6)
Let's Be Personal (circa 1973) by Gordon Sinclair
Canadian journalist Gordon Sinclair and his view on Americans. This speech was published on June 5, 1973.
"LET'S BE PERSONAL" Broadcast June 5, 1973 CFRB, Toronto, Ontario
Topic: "The Americans"
The United States dollar took another pounding on German, French and British exchanges this morning, hitting the lowest point ever known in West Germany. It has declined there by 41% since 1971 and this Canadian thinks it is time to speak up for the Americans as the most generous and possibly the least-appreciated people in all the world.
As long as sixty years ago, when I first started to read newspapers, I read of floods on the Yellow River and the Yangtse. Well, Who rushed in with men and money to help? The Americans did, that's who.
They have helped control floods on the Nile, the Amazon, the Ganges and the Niger. Today, the rich bottom land of the Mississippi is under water and no foreign land has sent a dollar to help. Germany, Japan and, to a lesser extent, Britain and Italy, were lifted out of the debris of war by the Americans who poured in billions of dollars and forgave other billions in debts. None of those countries is today paying even the interest on its remaining debts to the United States.
When the franc was in danger of collapsing in 1956, it was the Americans who propped it up and their reward was to be insulted and swindled on the streets of Paris. And I was there. I saw that.
When distant cities are hit by earthquakes, it is the United States that hurries into help... Managua Nicaragua is one of the most recent examples. So far this spring, 59 American communities have been flattened by tornadoes. Nobody has helped.
The Marshall Plan... the Truman Policy... all pumped billions upon billions of dollars into discouraged countries. And now, newspapers in those countries are writing about the decadent war-mongering Americans.
I'd like to see one of those countries that is gloating over the erosion of the United States dollar build its own airplanes.
Come on... let's hear it! Does any other country in the world have a plane to equal the Boeing Jumbo Jet, the Lockheed Tristar or the Douglas 10? If so, why don't they fly them? Why do all international lines except Russia fly American planes? Why does no other land on earth even consider putting a man or a woman on the moon?
You talk about Japanese technocracy and you get radios. You talk about German technocracy and you get automobiles. You talk about American technocracy and you find men on the moon, not once, but several times ... and safely home again. You talk about scandals and the Americans put theirs right in the store window for everybody to look at. Even the draft dodgers are not pursued and hounded. They are right here on our streets in Toronto, most of them... unless they are breaking Canadian laws... are getting American dollars from Ma and Pa at home to spend here.
When the Americans get out of this bind... as they will... who could blame them if they said 'the hell with the rest of the world'. Let someone else buy the bonds, let someone else build or repair foreign dams or design foreign buildings that won't shake apart in earthquakes.
When the railways of France, Germany and India were breaking down through age, it was the Americans who rebuilt them. When the Pennsylvania Railroad and the New York Central went broke, nobody loaned them an old caboose. Both of them are still broke. I can name to you 5,000 times when the Americans raced to the help of other people in trouble.
Can you name to me even one time when someone else raced to the Americans in trouble? I don't think there was outside help even during the San Francisco earthquake.
Our neighbours have faced it alone and I am one Canadian who is damned tired of hearing them kicked around. They will come out of this thing with their flag high. And when they do, they are entitled to thumb their noses at the lands that are gloating over their present troubles.
I hope Canada is not one of these. But there are many smug, self-righteous Canadians. And finally, the American Red Cross was told at its 48th Annual meeting in New Orleans this morning that it was broke.
This year's disasters... with the year less than half-over... has taken it all and nobody... but nobody... has helped.
ORIGINAL SCRIPT AND AUDIO
COURTESY STANDARD BROADCASTING CORPORATION LTD.
(c) 1973 BY GORDON SINCLAIR
Wild Thing's comment...............
What's really amazing is how similar everything is today (in Canada, the U.S. and the rest of the World) as it relates to where the U.S. is and how it is viewed both inside and outside the U.S.
Deja vu all over again..
....Thank you Mark for sending this to me.
Posted by Wild Thing at 05:45 AM | Comments (7)
October 04, 2008
O'Reilly Blasts Barney Frank On Fannie Mae Mess!!
O'Reilly Blasts Barney Frank On Fannie Mae Mess!!
Wild Thing's comment.........
I am no fan of O'Reilly, but every so often he does something that I can laugh at. He is furious, I think he must have lost some money in the stock market, just going by some of the things he has hinted at.
Nick and I saw this when it happened and we were laughing at how Barney was trying to say how innocent he is. Frank is soooo pathetic.
Posted by Wild Thing at 04:45 AM | Comments (13)
October 03, 2008
U.S. House As Bailout Bill Passes ~ Barney Frank Can Redecorate His Basement
Listening to the House speeches, trying to convince us this is for our own good, reminds me of this:
Joe Barton (R-TX) rises in opposition to rule and bill.
Lloyd Doggett (D-TX) rises in opposition.
Mike Pence (R-IN) rises in opposition.
Mike Pence: LOVE HIM! He's the true maverick in the GOP! Pence arguing in favor of the free market. Quoting Reagan heavily. Pence has gotten it from the beginning. Pence is the future of the Republican Party. He’s a superstar.
How nice......NOT! The children’s wooden arrow makers, rum manufacturers in VI and Puerto Rico and Hollywood moguls (who stand to gain $47 million A YEAR for the next 10 years from the porked up Senate “emergency rescue” bill. -- Wild Thing
Fear Mongering exposed by Mr. Sherman on CSPAN
Peter DeFazio (D-OR) rises in opposition.
DeMint said, they are under a lot of pressure I just saw Sherm (D) CA on Fox. He calls this “lipstick and pork on a pig!” He is not voting for it. He said Paulson made it look like the end of the world is here if this does not pass.
Get your plate and silverware out and get ready to eat your crap sandwich. And keep your plate and silverware out, because this isn't the first one we are going to be required to eat. -- Wild Thing
This is 451 pages of socialism wrapped in pork.
176 Republicans voted AGAINST the rule. Not sure what’s going on.
Barney Frank won
172Y 157N
So they voted to vote...now we’ll have about 90 minutes of debate
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Calling the house to order. Rangle is up.
Speaker calling the house to order....protesters removed from the House
Rangel ripping the Bush administration.
Rangel: “We have a political gun at our heads.”
House still not in order. Speaker getting irate.
Rangel’s speech was totally boring.
Jim McCrery (R-LA) rises. Says it might be his last speech.
Rangel wants to say goodbye to Jim McCrery. Ugh.
Blunt’s up. We all know where he stands.
The notion of taxing the middle class to bail out the middle class is a nonsequitur. We are bailing out Wall Street let there be no question about it. They are doing this to us not because they need it, but because as they just proved, they can.
It's just another profitable trade. Down you lose, up we win. And all these folks are too dumb to see it happening. --Wild Thing
Pete Stark (D-CA) rises in opposition.
Howard Coble (R-NC) rises in SUPPORT. This is a change. He voted no on Monday. He said the phone calls made the difference....pressure was on
Sounds like the lobbyists were organized with the phone calls.
Devin Nunes (R-CA) rises in opposition. Nunes: “If the secretary wants to run a hedge fund, he should go back to Wall Street.”
Earl Blumenauer (D-OR) rises in opposition.
Zach Wamp (R-TN) is another switching to AYE. Zach Wamp says that nobody in East Tennessee hates the fact that he is voting for this more than he does.
Barrett (R-SC) switchover
Honestly, it is a strange feeling, listening to Republicans give the, “I know how awful this is, but...” speeches. It allows me to realize that the ones making those speeches, have been making them all along - I just did not hear them. That was MY mistake, and it was one that allowed them to remain.
It also reveals the TRUE conservatives, who I am SO thankful for, and will give my full support no matter which state they reside in. No doubt, we have a VERY tough job ahead of us, but conservatives are up for it . Barney Frank’s ass has never been kissed so many time in one morning. -- Wild Thing
Second vote so once again Pence speaking now. Still opposed! Good for him!
Barbara Lee - “I will continue to fight for a direct economic stimulus package that was not included in this bill.”
What the hell do you call this?
Debate time is wrapping up. Hoyer doing a hard sell.
Unfortunately Bush put conservatives in a terrible position, which he has done on economic issues a lot in his Presidency. They are between a rock and a hard place. If we had a real conservative like Ronaldus Magnus at the helm, they wouldn’t be put in the position of having to stand up to a liberal Democrat Treasury Secretary who is unquestioningly supported by a Republican President. -- Wild Thing
Well, it must be over....Pelosi's up
Most conservatives will hold the line. But since the Dems and the RINOs want it, to that's the way it will be. We didn't cave, despite the entreaties of Bush, McConnell, Boehner and Blunt. I think 135 Republicans will still still say NO to this monstrosity. God bless our brave conservative House Republicans who continue to exhibit integrity of the highest order and will not fold like a cheap suit.-- Wild Thing
Pelosi speaking...much more low-key and conciliatory than on Monday ---- augh!
Pelosi says “this is ONLY THE BEGINNING”
The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. ---Alexis de Tocqueville
Dems overwhelmingly in favor so far...GOP slight majority for
IT’S TIME TO THROW THE TEA IN THE HARBOR. The vast majority (77%?) of the American population is opposed this. These people in Congress are *supposed* to be voting representative to our wishes. Clearly THEY ARE NOT doing that. Our founding fathers had a phrase for this. They called it “TAXATION WITHOUT REPRESENTATION”! I fear, *fear*, that we are fast approaching a time of national revolution. I’m holding my breath hoping that a majority in Congress understand the ramifications and yet kill this beast.--- Wild Thing
Bailout passed.....round of applause heard on the floor......Off to President Bush for his signature.
Dem 172 Y 63 N
GOP 91 Y 108 N
Total vote 263 Y 171 N
Roll Call Vote No. 681 on voting passage of the Bill.
I’m stunned- really I am. not that it passed- but by the margins of the GOP who caved. The politicians no longer represent the American people. -- Wild Thing
God help our nation, May God have mercy. This is a day we’ll never forget. The last stronghold of capitalism is now that much closer to socialism....hell this IS socialism! -- Wild Thing
Posted by Wild Thing at 02:55 PM | Comments (24)
October 02, 2008
Bailout ~ So It Looks Like The Cure Is Worse Then The Disease
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US Senate resoundingly passed Wall Street bailout Wednesday and now they hope the House of Representatives will follow suit.
Sen. Jim DeMint (Part 1)
Sen. Jim DeMint (Part 2)
Some of what he said transcribed but please if you can watch both videos they are not long. Thank you -- Wild Thing
“This is why people are so upset. It’s because Congress is being dishonest and arrogant. We’re not being honest with them about how we got into this mess and we’re not being honest with them about what we need to get out of it. Mr. President, I strongly oppose this legislation. It takes our country in the wrong direction. It forces innocent taxpayers to bail out government policies and Wall Street mistakes. It asks the American people to take a leap of faith and trust people who have consistently misled them. Mr. President, I am deeply saddened by the tone of this debate. I’m afraid that many of the supporters of this bill have bullied people into supporting it and using fear. There may be good reason for fear. But I think that most people will agree that some of the statements have been reckless an irresponsible. Mr. President, I hope I’m wrong. And this bill will truly solve the problem. Let me say again i know every one of my colleagues are doing what they believe is right for America. But based on what I know I cannot in good conscience support it.”
Here are some of the special-interest provisions that are now part of the Wall Street bailout legislation. The bill started at 3 pages, grew to 106 pages, and is now 451 pages.
HERE is the PDF file of the bill.
New Tax Breaks ( So these are tax breaks, not earmarked spending. These things get tax breaks under this bill)
* Wooden Arrows designed for use by children (Sec. 503)
* 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)
Tax Breaks
* Virgin Island and Puerto Rican Rum (Section 308)
* American Samoa (Sec. 309)
* Mine Rescue Teams (Sec. 310)
* Mine Safety Equipment (Sec. 311)
* Domestic Production Activities in Puerto Rico (Sec. 312)
* Indian Tribes (Sec. 314, 315)
* Railroads (Sec. 316)
* Auto Racing Tracks (317)
* District of Columbia (Sec. 322)
* Wool Research (Sec. 325)
The Yeas are 74 and Nays are 25.
Roll Call VOTE names and States
Here’s a rundown of the recent government actions to help the economy, which have not worked and are driving our nation deeper and deeper into debt.
source: Senate Conservatives
Even a conservative estimate of these actions shows that at least $1.4 trillion in new debt has been imposed on American taxpayers.
And some quotes from Treasury Secretary Paulson where he predicts these actions will help the economy and protect taxpayers. His predictions have been wildly off the mark and have rightly destroyed his credibility.
The Stimulus Plan
Cost: $152 billion in direct spending
“I talked with knowledgeable people in all parts of the economy and reviewed the data with our economic team…. the potential cost of not acting has become too high. We must act now to support our economy this year. The president laid out today clear principles that should guide the creation of an effective growth package. We are focused on working with Congress to quickly reach consensus on a plan that gets cash to consumers and gives businesses incentives to invest, to grow and to hire. We know from experience that these policies work to stimulate growth in the short term. The package should be robust enough to make an impact this year and should be temporary, so that it doesn’t significantly impact our long-term fiscal position.” – Secretary Paulson, January 18, 2008
Bear Stearns
Cost: $29 billion in Federal Reserve non-recourse loans
“For some months now, reduced access to short term funding and liquidity issues have created turmoil in our capital markets. In the midst of these conditions, Bear Stearns found itself facing bankruptcy. The Federal Reserve acted promptly to resolve the Bear Stearns situation and avoid a disorderly wind-down. It is the job of regulators to come together to address times such as this; and we did so. Our focus was the stability and orderliness of our financial markets.” – Secretary Paulson, March 26, 2008
Housing Bill (H.R. 3221)
Cost: $42.5 billion in direct spending
“I commend the Senate for moving swiftly to pass important GSE legislation that will provide temporary authorities to give confidence to markets and will create a strong, independent regulator better able to address the risks these enterprises pose. [I]t is of the utmost importance to our market and economic stability that the GSE portions of this bill become law. These components are orders of magnitude more important to turning the corner on the housing correction.” – Secretary Hank Paulson, July 26, 2008
Fannie and Freddie Takeover
Cost: $200 billion in stock warrants
“I strongly endorse both the decision by FHFA Director Lockhart to place Fannie Mae and Freddie Mac into conservatorship and the actions taken by Treasury Secretary Paulson to ensure the financial soundness of those two companies. These necessary steps will help to strengthen the U.S. housing market and promote stability in our financial markets. I also welcome the introduction of the Treasury’s new purchase facility for mortgage-backed securities, which will provide critical support for mortgage markets in this period of unusual credit-market uncertainty.” – Federal Reserve Board Chairman Ben S. Bernanke, September 7, 2008
“Based on what we have learned about these institutions… I concluded that it would not have been in the best interest of the taxpayers for Treasury to simply make an equity investment in these enterprises…. And let me make clear what today’s actions mean for Americans and their families. Fannie Mae and Freddie Mac are so large and so interwoven in our financial system that a failure of either of them would cause great turmoil in our financial markets…. This turmoil would directly and negatively impact household wealth: from family budgets, to home values, to savings for college and retirement. A failure would affect the ability of Americans to get home loans, auto loans and other consumer credit and business finance. And a failure would be harmful to economic growth and job creation.” — Secretary Hank Paulson, September 7, 2008
Lehman Brothers
Cost: $87 billion in advances backed by the Federal Reserve
Other Costs: $70 billion (from Federal Reserve & FRBNY)
“I strongly support the actions announced tonight by SEC Chairman Chris Cox, Federal Reserve Chairman Ben Bernanke and market participants. These changes will strengthen and enhance our financial markets. These initiatives will be critical to facilitating liquid, smooth functioning markets, and addressing potential concerns in the credit markets.” The SEC action included requiring segregation of customer securities and case from those of Lehman. – Secretary Hank Paulson, September 14, 2008
AIG Bailout
Cost: $85 billion in loans
“We are working closely with the Federal Reserve, the SEC and other regulators to enhance the stability and orderliness of our financial markets and minimize the disruption to our economy. I support the steps taken by the Federal Reserve tonight to assist AIG in continuing to meet its obligations, mitigate broader disruptions and at the same time protect the taxpayers.” – Secretary Hank Paulson, September 16, 2008
Money Market Mutual Fund Backings
Cost: $50 billion in pledged assets
“The U.S. Treasury Department today announced the establishment of a temporary guaranty program for the U.S. money market mutual fund industry. For the next year, the U.S. Treasury will insure the holdings of any publicly offered eligible money market mutual fund - both retail and institutional - that pays a fee to participate in the program. President George W. Bush approved the use of existing authorities by Secretary Henry M. Paulson, Jr. to make available as necessary the assets of the Exchange Stabilization Fund for up to $50 billion to guarantee the payment in the circumstances described below.” – Treasury Department Press Release, September 19, 2008
Latest Plan: Socializing Bad Loans
Cost: $700 billion for the latest proposal
“The federal government must implement a program to remove these illiquid assets that are weighing down our financial institutions and threatening our economy. This troubled asset relief program must be properly designed and sufficiently large to have maximum impact…. I am convinced that this bold approach will cost American families far less than the alternative - a continuing series of financial institution failures and frozen credit markets unable to fund economic expansion. I believe many Members of Congress share my conviction. I will spend the weekend working with members of Congress of both parties to examine approaches to alleviate the pressure of these bad loans on our system, so credit can flow once again to American consumers and companies. Our economic health requires that we work together for prompt, bipartisan action.” – Secretary Hank Paulson, September 19, 2008
Total Paulson Bill to Date: $715.5 billion
New Requested Authority: $700 billion
Total Since January 2008: $1.416 TRILLION
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Wild Thing's comment...........
"Wooden Arrows designed for use by children"
How does an emergency bill in order to avert an overnight collapse of the American way of life and of mom & apple pie get wool research, car racing and wooden arrows for children?
Are you kidding me!!?!
Get this Feinstein said out of the 95,000 calls to her office, 85,000 have said NAY. But she voted for it anyway. I guess forget what the people want and the people that voted for her.
I sent McCain a message. Not that it makes any difference, but I just wanted to tell him how disappointed I am in his voting for this. Especially when he says he is against pork.
Various contact information in case anyone wants it.
Here’s a link to the contact page on McCain’s campaign website:
http://www.johnmccain.com/Contact/
Ho-bama voted for this as well, so both our Presidential candidates agreed.
Capital switchboard toll free numbers:
800-965-4701
800-828-0498
Posted by Wild Thing at 03:50 AM | Comments (14)
October 01, 2008
Senate To Vote On Bailout Wednesday Night (additions made by Senate)
The U.S. Senate will vote on the $700 billion financial rescue bill on Wednesday, just two days after the House of Representatives rejected it. The vote will take place around 9PM ET tonight..
The package before the Senate will be similar to the House version, with these additions, the New York Times reported in its online edition:
* The higher limit for insured bank deposits sought by the Federal Deposit Insurance Corp., which asked to raise the cap to $250,000 from $100,000, to quell opposition by individual and small-business depositors.
* Tax breaks for businesses and alternative energy, part of a package that has been caught in a stalemate in the House of Representatives. The Senate version of the gridlocked tax legislation would cost more than $100 billion and extend and expand many individual and business tax breaks, including tax credits for the production and use of renewable energy sources, like solar energy and wind power, the Times said. It would also extend the business tax credit for research and development, expand the child tax credit, protect millions of families from the alternative minimum tax and provide tax relief to victims of recent floods, tornadoes and severe storms, according to the Times..
Senate Majority Leader Harry Reid, D-Nev., said details of the proposal wouldn't be available until Wednesday, the Times reported.
If the Senate approves the package, it would go to the House, which doesn't reconvene until noon Eastern on Thursday.
(1)Motion to concur on the House message, H.R. 2095, Rail Safety;
(2)a Dorgan amendment relating to H.R. 7081, the U.S. - India Nuclear agreement;
(3)a Bingaman amendment relating to H.R. 7081, the U.S. - India Nuclear agreement;
(4)passage of H.R. 7081, the U.S. - India Nuclear agreement;
(5)a Dodd amendment to H.R. 1424, relating to the bailout package;
(6)passage of H.R. 1424, the bailout.
from Quin Hillyer at The American Spectator
"The Senate tomorrow will attach the Wall Street bailout to a “must pass” tax extender bill. This is dirty pool. When you are talking about the single most significant growth of government power EVER, you should let it sink or swim on its own. You don’t attach it to a goodie basket and dare the other chamber to vote against it. To do so is a cheap, despicable tactic. It is the tactic of people without the courage of their convictions — the tactic of cowards. Yes, cowards. I am utterly disgusted with McConnell and the entire Senate leadership. This is not the way to handle legislations as serious as this is. If the House GOP had any guts, then if the Senate sends the House the bill in this form — thus also making a mockery, via legerdemain, of the requirement that such financial bills should start in the House — MORE of the House GOP than before should vote against it, in protest against this sort of hardball pressure.
I think every conservative in the country should raise holy hell about this. AGAINST this tactic. WHATEVER you think about the underlying bailout, this BS is utterly insulting."
Wild Thing's comment.......
Attaching this to another piece of legislation is just wrong.
Check out this section of the bill;
SEC. 112. COORDINATION WITH FOREIGN AUTHORITIES AND CENTRAL BANKS.
The Secretary shall coordinate, as appropriate, with foreign financial authorities and central banks to work toward the establishment of similar programs by such authorities and central banks. To the extent that such foreign financial authorities or banks hold troubled assets as a result of extending financing to financial institutions that have failed or defaulted on such financing, such troubled assets qualify for purchase under section 101.
This means we’ll be buying the bad loans of FOREIGNERS, not just us.
On Kudlow he said it was revealed Paulson would not support it and Bush would veto it if it had in it a provision to stop the above from happening!
Who do they represent, us Americans or some set of globalist masters?
I always thought that the rumors of globalism was tinfoil-hat material but what was tinfoil yesterday seems to be breaking news today!
They don’t deserve $700 billion, they deserve jail if anything.
Posted by Wild Thing at 03:47 AM | Comments (8)
September 30, 2008
ACORN, Obama, and the Mortgage Mess
ACORN, Obama, and the Mortgage Mess
Townhall.....for complete article
by Mona Charen
ACORN attracted Barack Obama in his youthful community organizing days. Madeline Talbott hired him to train her staff — the very people who would later descend on Chicago’s banks as CRA shakedown artists. The Democratic nominee later funneled money to the group through the Woods Fund, on whose board he sat, and through the Chicago Annenberg Challenge, ditto. Obama was not just sympathetic — he was an ACORN fellow traveler.
Now you could make the case that before 2008, well-intentioned people were simply unaware of what their agitation on behalf of non-credit-worthy borrowers could lead to. But now? With the whole financial world and possibly the world economy trembling and cracking like a cement building in an earthquake, Democrats continue to try to fund their friends at ACORN? And, unashamed, they then trot out to the TV cameras to declare “the party is over” for Wall Street (Nancy Pelosi)? The party should be over for the Democrats who brought us to this pass. If Obama wins, it means hiring an arsonist to fight a fire.
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Wild Thing's comment..........
Obama.... dirty, dirty, dirty politics-as-usual.
Rofl! Today Rush called Obama a little squirrel!
Squirrels love ACORNs, don't they?? heh heh Good one for ElRushbo.
A past quote from 2007 buy Obama:
"I’ve been fighting alongside ACORN on issues you care about my entire career. Even before I was an elected official, when I ran Project Vote voter registration drive in Illinois, ACORN was smack dab in the middle of it, and we appreciate your work." — Barack Obama, Speech to ACORN, November 2007
Obama, during his four-year tenure in Chicago as a community organizer, worked as a trainer for the Association of Community Organizations for Reform Now — the infamous ACORN, whose affiliate, Project Vote, is known for voter fraud — the same ACORN from which a mighty mortgage mess has grown.
Upon his return to Chicago after Harvard Law School, Obama provided legal representation for ACORN and for Tony Rezko (recently convicted of bribery and money laundering), who was Obama’s main money man during his years in the Illinois State Senate. Rezko had helped the Obamas purchase a home in Chicago’s politically correct Hyde Park. Obama sat on the boards of the philanthropic Woods Foundation and the Joyce Foundation, both of whom funneled millions of dollars to ACORN.
Posted by Wild Thing at 06:07 PM | Comments (5)
Karl Rove Blasts Pelosi as Most Vicious Speech
Karl Rove said Democrats were already talking about how they were going to use the vote to attack Republicans before the votes were even counted. He blasts Speaker Pelosi for one of the most vicious speeches in US House history.
Congress Floor Monday - 9/29/08 Nancy Pelosi
The videos have a fuzzy thing to them but it does not last, it is not from this blog or YouTube, it is from the original filming of them. I jsut wanted to let you know what to expcet. LOL Maybe it is the Pelosi the witch that zapped them. hahaaha -- Wild Thing
$700 billion a staggering number but only a part of the cost of the failed Bush economic policies to our country."
Pelosi #2 "anything goes mentality"
Wild Thing's comment...........
Poor Nancy due to her NON leadership in Congress it has the lowest rating of any Congress as far as I know. And she did soooo promise it would not be corrupt too. We keep hearing about Bush's failed Presidency and yet Nancy has failed much more, turning off the lights and locking the door when her own voters back home were paying high gas prices along with the rest of us. Did she care? Heck no!
She had to have her own plane so she could haul herself and her family and friends back and forth and around our country as OUR expense.
What would be reallly great is if this next election she would lose her leadership bipity bop and the Democrats would lose being in the majority.
Posted by Wild Thing at 04:55 AM | Comments (12)
'Cow patty,' Booze the Metaphors and Analogies on House Floor
'Cow patty,' booze denote mess on House floor
Here's a sampling of some metaphors and analogies that made their way into the rhetoric on the House floor, both in support and against the $700 billion bailout package. The measure, and the market, ultimately took a nose dive:
• "This is a huge cow patty with a piece of marshmallow stuck in the middle," Rep. Paul Broun, R-Ga., said of the package. "I'm not going to eat that cow patty."
• "We don't have a perfect bill," said Rep. Paul Kanjorski, D-Pa. "We do have a perfect storm."
• "We have individuals who are drunks and regulators who are pouring the drinks," said Rep. Gregory Meeks, D-N.Y., as he attempted to compare the faltering economy to drunken drivers. "We have to clear the highway."
• "Like an explorer in uncharted territory, none of us in this body have any good judgment or insight into what happens if we don't pass this bill," said Rep. Spencer Bachus, of Alabama, the top Republican on the House Financial Services Committee.
• "The golden parachutes have been exchanged for camouflage parachutes," said Rep. Peter DeFazio, D-Ore., of the proposal's goal of limiting executive compensation.
• "We are watching one domino after another fall, that are the pillars of our financial system in the United States," said Rep. Adam Putnam, R-Fla., a member of the House GOP leadership team.
Wild Thing's comment..........
LOL some of these are so funny. Ah-h-h politics and the crazy people in it.
hahaaha
Posted by Wild Thing at 04:50 AM | Comments (6)
September 29, 2008
C-Span NOW Has Debate!! Call Your Rep.'s Tell Them To Stop This Socialism from The Left
Conservatives Come Out Strong against Bailout Bill
As the House kicked off three hours of debate on the $700 billion bailout package Monday morning, conservative Republicans wasted no time expressing their opposition to the massive government support of the financial sector.
Before the debate began, Rep. Louie Gohmert (R-Texas) requested that the House adjourn without taking up the bailout package "so we don’t do this terrible thing to America."
Gohmert temporarily delayed debate by seeking a 15-minute vote to establish a quorum on the floor.
Rep. Jeb Hensarling (Texas), chairman of the conservative Republican Study Committee, said he "cannot in good conscience" vote for the package because it "socializes losses," and he called for spending more time reviewing other proposals.
"I believe that this plan is fraught with unintended consequences, would force generations of taxpayers to pick up the tab for Wall Street losses, and could permanently and fundamentally change the role of government in the American free enterprise system," Hensarling said.
The RSC chairman said Congress rushed through the issue and "did not adequately discuss or investigate potential alternatives that would have constituted a work out and not a bail out."
On the other end of the spectrum, some progressive Democrats are opposed to the bill over its lack of foreclosure provisions and for handing over so much money to the Bush administration.
"Why are we willing to even make available $700 billion to this administration?" asked Rep. Lynn Woolsey (D-Calif.)
President Bush and Secretary Paulson have been wrong from the start on just about everything,” said Woolsey. "If you think they'll be responsible with this money, think again. I, for one, will be in eminent opposition of this bailout."
Financial Services Chairman Barney Frank (D-Mass.) warned members that not passing the bill could have dire consequences.
"If we defeat this bill today, it will be a very bad for the financial sector in the American economy and the people who will feel the pain are not the top bankers and the top corporate executives, but average Americans," Frank said. "Pain averted is not a basis on which you get a lot of gratitude, but that is what is coming if we do not do something today."
Wild Thing's comment........
"and could permanently and fundamentally change the role of government in the American free enterprise system," Hensarling said."
Please if you can call your Rep. and tell them NO and to stop this insanity. This Bill will keep us permanently enslaved to the government. It is socialism.
I have both C-Span on and Rush and Rush said it was designed to fail and Dems are demanding that the GOPers go along. So far most speaking are saying NO to this ( on C-Span) the ones saying yes are kissing up to Barney Frank this makes me physically ill watching anyone kiss up to Frank. But I want to see what and if there are any good guys saying NO way.
Oh my God, what happened to John Boehner, he is giving a speech on why they have to vote YES, has he lost his mind. Has he been threatened with something. I don't get this at all.
Well he just got kicked out of MY FOXHOLE that's for damn sure.
UPDATE:
Pelosi needs a certain amount of GOP votes for this to pass. She needs 100 votes.
195 FOR - 220 AGAINST!
TIMES UP, why is it still tallying?!?!
OOPS new UPDATE:
206Yea...........227 Nay.........To Non votes 2
If I understand this right, It's over, it is defeated. It looks like the Bailout bill has FAILED!
Now the dems are as Rush just said " brow beating 11 of them to change their vote."
FOX Business said they will hold the vote open a few hours to twist arms and change votes.
Wall St is having a hissy fit.
We struck back at Socialism and live for another week or so until the “refined” bill comes back to the House.
Posted by Wild Thing at 12:45 PM | Comments (12)
Bailout from The Good (House Republicans) and The Bad and The Ugly Democrats
Nancy Pelosi and Bailout Plan
Republicans React to Bailout Plan
Elmer Fudd Barney Frank Reacts to Proposed Bail Out Bill
Statement by the President on Bipartisan Agreement on Economic Rescue Legislation
"Today, a bipartisan group of Members of Congress, working with my Administration, reached agreement on economic rescue legislation that is urgently needed to address a crisis in our financial system that threatens the entire U.S. economy.
I appreciate the leadership shown by Members on both sides of the aisle, who came together to write a very good bill. This bill provides the necessary tools and funding to help protect our economy against a system-wide breakdown. The bill will help allow access to credit so American families can meet their daily needs and American businesses can make purchases, ship goods, and meet their payrolls. And this plan sends a strong signal to markets around the world that the United States is serious about restoring confidence and stability to our financial system. Without this rescue plan, the costs to the American economy could be disastrous.
Many Members of Congress contributed important ideas to improve the legislation my Administration proposed. I appreciate the negotiators considering those ideas and incorporating them in this agreement.
Members of Congress will vote on this legislation soon. This is a difficult vote, but with the improvements made to the bill, I am confident Congress will do what is best for our economy by approving this legislation promptly."
Minority Leader John Boehner (R-Ohio) referred to the bill as a “crap sandwich” according to two sources in the room.
Sen. Jim DeMint (R-SC) outlined the troubling unconstitutional aspects of the financial rescue plan.
"‘There seems to be no real appreciation of the Constitutional Boundaries’
Wild Thing's comment............
Well this is horrible!!!!!!!! Not a happy camper here at all.
In my title I said, Good House Republicans because I am grateful to those I saw trying to fight back and keep this from being as bad as it was at the beginning. I am big on giving kudos, and yes it is not all I wished for in anyway. But still I am glad we had some that did speak up, how sad is that there were so few though.
This whole mess is because of Democrats, it started with Carter then Clinton and well you all know the rest. I truly believe if Republicans were in the majority this bill would not be what it is, no way. I truly can't stand being at the mercy in numbers of Reid and Pelosi when it comes to voting in our government on things.
This is why it is so important to vote and keep Republicans in the majority even if all they resemble are warm bodies imo. haha Not sure how else to put that.
The guilty, the criminals being put in charge of this bill and then bragging about it and acting like they are saving our country makes me sick.
During an interview on Fox News Channel, Sen. Jim DeMint (R-SC) outlined the troubling unconstitutional aspects of the financial rescue plan. Heritage’s legal scholars yesterday outlined the constitutional infirmities that remain.
Video at website
Anyway about the Bailout, well first I thought ACORN is out as it was listed before.......BUT if you look at section 106, in the pdf file below, ACORN got through but in a sly way, and now the Treasury can give that 65% of the 20% of the money from the sales of the troubled assets to ACORN as loans to people who can't make their payments.
Source for information below:
The QandO Blog Free Markets, Free People
TRANSFER OF A PERCENTAGE OF PROFITS.
. DEPOSITS.Not less than 20 percent of any profit realized on the sale of each troubled asset purchased under this Act shall be deposited as provided in paragraph (2).
2. USE OF DEPOSITS.Of the amount referred to in paragraph (1)
1. 65 percent shall be deposited into the Housing Trust Fund established under section 1338 of the Federal Housing Enterprises Regulatory Reform Act of 1992 (12 U.S.C. 4568); and
2. 35 percent shall be deposited into the Capital Magnet Fund established under section 1339 of that Act (12 U.S.C. 4569).
REMAINDER DEPOSITED IN THE TREASURY.All amounts remaining after payments under paragraph (1) shall be paid into the General Fund of the Treasury for reduction of the public debt.
20% right off the top is siphoned off and 65% of that goes to the Housing Trust Fund. Where does ACORN come in?
The Heritage Foundation picks it up from there:
"Just like any organized crime group, the Association of Community Organizations for Reform Now (ACORN) has a long and established history of using fraud, deceit and intimidation to achieve its goals. ACORN uses intimidation to shake down corporations for operating funds, deceives its own employees into supporting causes they don’t believe in, and cheats the entire country by submitting fraudulent voter registrations.
ACORN is also adept at co-opting government power to fund and legitimize a criminal enterprise. It has been winning federal money since the Carter administration and routinely receives millions of dollars in federal grants from the Department of Housing and Urban Development. In the 1990s, it began shaking down local business communities and has established local “Housing Trust Funds” in more than 300 states, counties, cities and towns. The funds funnel money through groups like ACORN to produce new homes and refurbish existing ones. The key to these trust funds is securing a dedicated source of public funds.
The Holy Grail for ACORN has been the establishment of a National Housing Trust Fund. During the brief economic downturn in 2001, ACORN pushed the fund as an economic stimulus. From 2003 through 2006 it pushed the fund as a solution to housing prices that were too high. Now liberals in Congress have included the National Housing Trust Fund in the latest housing bailout bill, arguing it’s needed because housing prices are too low."
Posted by Wild Thing at 05:45 AM | Comments (12)
September 28, 2008
This Morning Re: Bailout....McCotter Rejects "700-pound Billion Dollar Bag of Dung"..
McCotter Rejects 700-pound Billion Dollar Bag of Dung
Let me put this in the simplistic terms for people like me to understand. Now the Wall-Street crony capitalist have put a 700-pound billion dollar bag of dung on taxpayers doorsteps, rung the bell, and expect you to thank them when you answer it. I think the American people will think otherwise.
Wild Thing's comment..........
That’s an incredible delivery. I expect most R’s in Congress will vote against this bailout bill, but since the Dems are in the majority control - we’re gonna have to eat it.
Just saw a Ohio Dem Rep on cspan - Mary Something. She was pissed. Said negotiations were going on behind locked doors and the very people negotiating the bailout are the ones responsible for the mess. She says no deal. It appears dems are not unanimous on this one.
I couldnt believe these words came out of a dem mouth.
So typical of DC to say “it’s over we win” when they know it isn’t. They only do this crap in hopes that people will stop calling and writing their congressmen.
Posted by Wild Thing at 01:40 PM | Comments (16)
Details Have To Be Worked Out But Deal Reached On Financial Markets Bailout Minus ACORN
WASHINGTON (AP) - Congressional leaders and the Bush administration reached a tentative deal early Sunday on a landmark bailout of imperiled financial markets whose collapse could plunge the nation into a deep recession.
House Speaker Nancy Pelosi announced the $700 billion accord just after midnight but said it still has to be put on paper.
"We've still got more to do to finalize it, but I think we're there," said Treasury Secretary Henry Paulson, who also participated in the negotiations in the Capitol.
"We worked out everything," said Sen. Judd Gregg, R-N.H., the chief Senate Republican in the talks.
Congressional leaders hope to have the House vote on the measure Monday. A Senate vote would come later.
The plan calls for the Treasury Department to buy deeply distressed mortgage-backed securities and other bad debts held by banks and other investors. The money should help troubled lenders make new loans and keep credit lines open. The government would later try to sell the discounted loan packages at the best possible price.
At the insistence of House Republicans, some of the program's $700 billion would be devoted to a program that would encourage holders of distressed mortgage-backed securities to keep them and buy government insurance to cover defaults.
The legislation would place "reasonable" limits on severance packages for executives of companies that benefit from the rescue plan, said a senior administration official who was authorized to speak only on background. It would affect fired executives of financial firms, and executives of firms that go bankrupt. Some of the provisions would be retroactive and some prospective, the official said.
The proposed legislation also calls for the financial sector to help make up the difference if the government does not recoup its investment in five years, the official said, but details were unclear.
Also, the government would receive stock warrants in return for the bailout relief, giving taxpayers a chance to share in financial companies' future profits.
To help struggling homeowners, the plan would require the government to try renegotiating the bad mortgages it acquires with the aim of lowering borrowers' monthly payments so they can keep their homes.
The measure's main elements were proposed a week ago by the Bush administration, with Paulson heading efforts to push it through the Democratic-controlled Congress. Democrats insisted on greater congressional oversight, more taxpayer protections, help for homeowners facing possible foreclosure, and restrictions on executives' compensation.
To some degree, all those items were added.
At the insistence of House Republicans, who threatened to sidetrack negotiations at midweek, the insurance provision was added as an alternative to having the government buy distressed securities. House Republicans say it will require less taxpayer spending for the bailout.
But the Treasury Department has said the insurance provision would not pump enough money into the financial sector to make credit sufficiently available. The department would decide how to structure the insurance provisions, said Sen. Kent Conrad, D-N.D., one of the negotiators.
Money for the rescue plan would be phased in, he said. The first $350 billion would be available as soon as the president requested it. Congress could try to block later amounts if it believed the program was not working. The president could veto such a move, however, requiring extra large margins in the House and Senate to override.
Despite the changes made during an intense week of negotiations, the heart of the program remains Bush's original idea: To have the government spend billions of dollars to buy mortgage-backed securities whose value has plummeted as hundreds of thousands of Americans have defaulted on their home loans.
Senate Majority leader Harry Reid, D-Nev., said Saturday that the goal was to come up with a final agreement before the Asian markets open Sunday night. "Everybody is waiting for this thing to tip a little bit too far," he said, so "we may not have another day."
Hours later, when he and others told reporters of the plan in a post-midnight news conference, Reid referred to the sometimes testy nature of the negotiations.
"We've had a lot of pleasant words," he said, "and some that haven't always been pleasant."
"We're very pleased with the progress made tonight," said White House spokesman Tony Fratto. "We appreciate the bipartisan effort to deal with this urgent issue."
It was not immediately clear how many House Republicans might vote for the measure. With the election five weeks away, Democrats have said they would not push a plan that appeared sharply partisan in nature.
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The Bush adminstration in 4/2001 raised red flags, the 2002 budget requests decalres Fannie Mae and Freddie Mac "Potential problem.. and can cause strong repercussions in the financial markets"
In 2003 the White House upgraded the warning to a systemic risk that could spread beyond the housing sector.
John Snow Treasury Secretary called for Regulations & Supervision of GSE's.
Barney Frank (D-MA) denied there was any problem " Fannie Mac & Freddie Mare are not in Crisis"
Encouraging the government to do more to get low income families into homes, Ultimately blocking the regulation.
Allan Greenspan , 2/17/2005 spoke about the dangers of Fannie Mae & Freddie Mac "enabling these institutions to
increase in size -and they will once the crisis in their judgement passes-we are placing the total financial system of
the future at a substantial risk
Charles Schumer (D-NY) 4/6/2005 ..."I think Fannie & Freddie have done an incredibly good job, and are an intristic part of making america the best housed people in the world....if you look over the last 20 or whatever yrs. Theyve done a very, very good job.
McCain (R-AZ) 5/25/2006 For years I have been concerned about the regulatory structure that governs Fannie Mae & Freddie Mac... and there sheer magnitude of these companies and the role they play in the housing market...the GSE's need to be reformed without delay."
That bill ( FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT) made it out of the senate banking committee with a party line vote all the democrats voted against it.
Senator Obama did not weigh in on the bill !!!! The Muslim communist, marxist, creep!
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Frank's fingerprints are all over the financial fiasco
Boston Globe ..for complete article
'THE PRIVATE SECTOR got us into this mess. The government has to get us out of it."
That's Barney Frank's story, and he's sticking to it. As the Massachusetts Democrat has explained it in recent days, the current financial crisis is the spawn of the free market run amok, with the political class guilty only of failing to rein the capitalists in. The Wall Street meltdown was caused by "bad decisions that were made by people in the private sector," Frank said; the country is in dire straits today "thanks to a conservative philosophy that says the market knows best." And that philosophy goes "back to Ronald Reagan, when at his inauguration he said, 'Government is not the answer to our problems; government is the problem.' "
In fact, that isn't what Reagan said. His actual words were: "In this present crisis, government is not the solution to our problem; government is the problem." Were he president today, he would be saying much the same thing.
Because while the mortgage crisis convulsing Wall Street has its share of private-sector culprits they weren't the ones who "got us into this mess." Barney Frank's talking points notwithstanding, mortgage lenders didn't wake up one fine day deciding to junk long-held standards of creditworthiness in order to make ill-advised loans to unqualified borrowers. It would be closer to the truth to say they woke up to find the government twisting their arms and demanding that they do so - or else.
The roots of this crisis go back to the Carter administration.