Archive for the ‘Finance’ Category

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In answer to a reply on Obama…

November 5, 2008

As for Obama… I would not have been as scared of him if the Democrats did not control both the Senate and House.  Now that they have all three houses, I think people like me are pretty much screwed. 

I think you will see some of the following take place in the Obama administration:
-The fairness doctrine enacted (that will be to your benefit).
-More socialist programs (education, housing, healthcare, etc..)
-Higher taxes (I think the middle class will be surprised – their taxes will go up also)
-A move towards the USA being subject to UN law and courts.
-If the economy doesn’t shape up you will see Obama include us in a One World Currency
-You will see a loosening of Abortion rights (making more types of abortions legal)
-You will see many more liberal judges (with much more liberal views) appointed to the Supreme Court and Appellate Courts. (Again in your favor)
-I think you will see capitalism get its knees broken by the Obama administration, why?  Because of them having to support all of Obama’s socialist programs so the poor and middle class don’t have to pay for them.  A business only makes so much money, and a business can only pay so many taxes before it is no longer reasonable to operate the business.  
-You will see many of the recently passed bills to allow drilling and energy production repealed because of the environment and global warming (which is a hoax and again, crippling to the future economy and capitalism).

Anyhow, the list goes on and on. 

I think the USA is going to be sold out by the Obama administration and everyone is going to sit back and wonder what Obama was thinking and why they elected him.  (McCain would have been just as bad of a choice)

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ACORN and the POOR

September 30, 2008

Let me repeat myself… I didn’t see anywhere in the constitution where it says that America is obligated to buy everyone a house.  Our Constitution does not read:

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, [Don’t forget… give every damn person in this country a house whether they can afford it or not] do ordain and establish this Constitution for the United States of America.

Now, I can understand helping families out who have fallen into foreclosure.  I can understand helping families who had the economy go sour on them.  I can understand helping families who are in a pinch.  I would desire help if it were me.

I CAN NOT UNDERSTAND giving a home to someone who does bring in a paycheck but wants to live in a $100,000 to $200,000 home.   Or someone who makes $1,000 a month having a $1,500 mortgage.  And me having to foot the bill for it.  

Even worse, I CAN NOT UNDERSTAND if the government bails everyone out, why ACORN all of a sudden rises to the top as an entity most entitled to receive a boost rather than giving the AMERICAN TAX PAYER A BREAK WHEN THEY PAID FOR THE FUNDAMENTALLY MORALLY WRONG BAILOUT TO BEGIN WITH!  Why would congress even consider making the problem worse… has a politician ever heard of paying off their debts?  Instead they have to give, give, and give.  There is a point in which your house, your country, your fiscal responsibility is MORE IMPORTANT than someone getting a killer deal on a house. 

Again the constitution DOES NOT READ:

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, [Don’t forget… give every damn person in this country a house whether they can afford it or not] do ordain and establish this Constitution for the United States of America.

Leave being poor out of it.  It has nothing to do with being poor.  It has to do with buying what you can afford and living within your means.

You shouldn’t be able to walk into Wal-Mart and just take things because you are poor.  You shouldn’t be able to just walk up to a car lot and take a car, the constitution doesn’t promise you one because everyone else has one.  You aren’t due one because hard times you went through, no one should be forced to buy you one because you are less fortunate.   Have people had to walk before? YES.  Are their other more affordable housing options for people who can’t afford a home?  YES!  They could buy a condo, rend an apartment, buy a prefabricated home, or buy a camper.  There are more options than just buying a house.   Other options are financially more within the reach of some people.

Now, if someone gives to the poor.  God bless them.   Should I have the right to decide if I want to be charitable? Yes.  Should I have the right to not give to those who choose not to work and improve their circumstance? Yes.  Do I have the right to decide who I desire to give to? YES.  Does the government have the right to make me pay for everyone else so there is EQULITY and so everything is FAIR?  NO!

This really seems like a fiber of the fairness doctrine. 

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1 trillion dollar loss!

September 30, 2008

Wow… a 1 Trillion dollar loss.  That is what everyone was dealt by trying to push through BAD legislation.  CNN Said:

 

http://money.cnn.com/2008/09/29/markets/asian_markets/index.htm

 

The day’s loss in the United States knocked out approximately $1.2 trillion in market value, the first $1 trillion-plus day ever, based on the change in the Dow Jones Wilshire 5000, the broadest measure of the U.S. stock market.

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Obam, ACORN, and the Bailout Bill

September 30, 2008

 

Do you know who ACORN is?

 

Acorn is a perfect example of political correctness.  As described on its website: “ACORN is the nation’s largest grassroots community organization of low- and moderate-income people with over 400,000 member families organized into more than 1,200 neighborhood chapters in 110 cities across the country.  Since 1970, ACORN has been building community organizations that are committed to social and economic justice, and won victories on thousands of issues of concern to our members, through direct action, negotiation, legislative advocacy and voter participation.  ACORN helps those who have historically been locked out become powerful players in our democratic system.”

 

http://www.acorn.org/

 

First of all… it is all the people who had to make sure that everything is “FAIR” and that there was “EQUALITY” that even those who can’t afford a home can get a loan for a home.

 

Isn’t that funny?  Those are the same people who can’t pay their mortgages and a direct reason why we are in the financial crisis we are in.  So ACORN through “negotiation” and “legislative advocacy” helped make it so you don’t have to make any money to qualify for a home because as stated in the preamble of our constitution….

 

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, [Don’t forget… we also give every damn person in this country a house whether they can aford it or not] do ordain and establish this Constitution for the United States of America.

 

What gets my goat.  In the first draft of the bailout Bill.  ACORN was going to receive at least 20% of any profits earned from the government bailout. http://michellemalkin.com/2008/09/25/kill-the-bailout-more-acorn-funding/

 

Would it surprise you if Obama had tied to ACORN?

http://article.nationalreview.com/?q=NDZiMjkwMDczZWI5ODdjOWYxZTIzZGIyNzEyMjE0ODI=

 

It just never stops does it?

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What really happened at the White House?

September 28, 2008

Do you want to read about what really happened the other day at the white house?

I was really surprised to hear right after the meeting on all the news channels that McCain screwed the whole thing up. He wasn’t willing to make concessions that would allow it to go forward and was hindering progress. He should have never come to Washington.

Anyhow, Rush Limbaugh was equally perplexed by the meeting and called a friend to find out what really happened. Read the story here.

http://www.rushlimbaugh.com/home/daily/site_092608/content/01125107.guest.html

In summary, Paulsen, Reed and Pelosi deferred to Obama (so he could look presidential) and the first thing he did was start ripping the Republicans for presenting a second plan [option]. Don’t forget the Treasury Secretary [Paulsen] was the former CEO of Goldman Sachs and a Democrat. Story short, Obama’s lack of ability to negotiate ruined the entire meeting and the attacks on the news were damage control to make it look like McCains fault.

Read about his conflict of interst here:http://en.wikipedia.org/wiki/Hank_Paulson

Again, don’t believe everything you hear on TV.

You later hear Obama say that he has done better when people keep him in the loop over the phone. (That’s because he sucks at being in charge in person.)

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Would anyone like a chip?

September 22, 2008

What just happened over the week end.

There is a story on CNN that leads: “Federal regulators converted Wall Street’s remaining stand-alone investment banks, Goldman Sachs and Morgan Stanley, into bank holding companies Sunday night. What that means, reports CNNMoney.com, is the end of the era of the Wall Street investment bank, a storied institution that traded stocks and bonds, advised mergers and showered lavish bonuses on executives.”

Ok, we’ve had the government step in and buy up banks and investement houses, but now they are stepping in and changing their form and structure of doing business? Now they are overseen by the Fed?

In what started as a major shift towards socialism… has now been a complete shift from open markets to complete federal ownership and oversight. We just socialized it all so they wouldn’t fail.

In the story they hint at Wachovia and Washington Mutual as being the next targets of federal oversights.

What is going to happen when the Federal Government owns the entire financial system?

Is that when we all have to have a chip put in our forhead or wrist in order to buy or sell. (Mark of the Beast?) Some federal beuracrat will come up with a brilliant idea of tracking money with a computer chip, probably based on technology already developed by companies like:
Verichip http://www.verichipcorp.com
Zarlink Radio Chip http://www.zarlink.com/cps/rde/xchg/zarlink/hs/medical.htm

At the moment they are used for tracking, identification, monitoring, records, are they currently powerful enough to record our financial records and for commerce? Likelihood… YES.

Is this how it all begins?

1) The financial markets crumble.
2) The federal government steps in to pick it all up
3) If it gets worse the world government steps in to pick it all up
4) Some beuracrat “ding dong” comes up with a brilliant idea of putting a chip in everyone or they can’t use the governments money.

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Who’s fault is it?

September 18, 2008

http://www.wnd.com/index.php?fa=PAGE.view&pageId=75586

Obama took $126,349 from Freddie and Fannie since 2004. What? But, Obama is out to blame Bush and the Republican party for the failure of these two giant companies? Does this seem right to you?

In 2005 McCain tried to regulate these giants in the mortgage industry: “For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac – known as government-sponsored entities or GSEs – and the sheer magnitude of these companies and the role they play in the housing market,” Read about it here: http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16&bill=s109-190

Previously Freddie and Fannie had had a 10.6 Billion dollar scandal and were fined 3.8 Billion for Election Fraud.

But, No, No, Obama the Great says it is George Bush’s fault they failed.

In 2006 they paid out 1.3 million in political contributions… So far this year, they have paid out 1.1 million (56% going to Democrats). But no, it’s George Bush’s fault the companies failed. Doesn’t make sense to me.

It’s just like Congress and the Senate to point the finger at anyone but themselves…. Didn’t I hear recently that they have a 9% approval rating? Stated above are some obvious reasons why! They cause all the problems and take NONE OF THE BLAME!

What a bunch of idiots!

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What a joke! Who and what is too big to fail now?

September 18, 2008

How did we get to the point where our FEDERAL Government has to buy 3 of the largest institutions in America? [Freddy, Fannie, AIG] What is next, they will buy out GM or Ford, or Delta because they are too big to fail? At what point does the Government stop assuming control of private entities? Possibly once they own every entity… even Mikes Bakery?

What we are seeing is a joke… and they are doing it right in front of our eyes!