Monthly Archives: January 2011

New Whitehouse COS, Bill Daley. Capitalist, or Socialist?

New Whitehouse Chief of Staff  Mr William Daley was on the TV over the weekend, making some interesting statements aimed at the current GOP message of cutting spending and debt reductions. When Mr. Daley was appointed by the President to replace Rahm Emanual. the media was quick to celebrate him as a person who understands capitalism and who will work well with the GOP on heavy issues, such as reducing the National Debt.  That stated honeymoon came crashing down to reality Sunday, while on CBS’  “Face the Nation” where Daley made some interesting statements which were posted on The Chicago Tribune/ Nation and World* Sometimes it is all-telling what is left out of an article when searching for the truth. While The Chicago tribune continues to paint Chicago’s own Daley as a savvy businessman/capitalist, one statement Daley made didn’t make it into this article or any others that I can find so far. They do stay on message that tries to show Obama as a Centrist all of a suddden:

“William Daley, the new White House chief of staff, in his first Sunday television appearance, said on CBS’ “Face the Nation” program that his past experience as a businessman tells him government investments in private enterprise, along with spending cuts, are the best way to spark the economy.”

“We all agree there must be cuts to this government,” Daley said. With the U.S. debt climbing to record levels, he urged patience, noting that Obama’s current plan for a five-year freeze in spending would save $400 billion.

First of all, Mr Obama’s spending “freeze” is not a cut, and there is no way to actually prove what, if any savings will be achieved. That would be like a person saying they will only spend as much as they have spent last year while taking a paycut at work, and while they are 6 months behind on their mortgage and car payments. That doesn’t work in the real world. A person has to live within their means of they lose their home, car  and end up bankrupt. They have to stop spending money they do not have, plain and simple. That is called economics 101 and it applies to families, businesses, and yes, even big bloated government. What part of this “cut spending” doesn’t Mr. Daley, the vaunted businessman understand here ? In what appears to be another smoke and mirror job in painting Mr. Daley as the Centrist Savior Capitalist that proves Mr. Obama has changed his Liberal stripes, the truth can be found in what was not printed in The Chicago Tribune piece. I heard it on the TV today, yet one line is left out of every single article on this interview.

Mr. Daley stated in his interview on CBS’ Face the nation, that, ” We have got into the hole over many years, ( blaming prior admins again) and “No businesses, when they get in trouble, just cut, and has much of a business left when the cycle comes back.” Then he goes on to say what Obama is talking about is “investing.”  You can watch the complete interview on metacafe. **  The 10 minute mark is where Mr. Daley makes his pitch for more irresponsible spending, via the new Obama codeword “investments.”  The USA is $14.5 trillion dollars in debt. We got that way by the now vaunted “investing” in America that our Congress has been doing for decades. Usually when people talk about investing in the business world, they are taking a risk based on projected returns on initial investments. If a company is bankrupt and has been operating at a loss for decades, who would be ignorant enough to risk their own money on that company without new management proving to them that there is  a stated plan to make a profit ?  That plan would include cutting waste and non-profitable sections of the company while installing strict oversight and accounting practices. It surely would not include continuing to write checks on a business account that is $14.5 Trillion dollars in the red.

So when the media paints Mr. Daley as the “New Centrist Obama Savior” when it comes to stopping the reckless spending in DC today, we are seeing that it is pretty much the same old Liberal song and dance of  putting this country into irrecoverable debt. New face, same old con job.

* http://www.chicagotribune.com/news/nationworld/sc-dc-0131-daley-boehner-20110130,0,6685776.story

** http://www.metacafe.com/watch/cb-Z47i_ctGtg5wlzUsE6rPSWGOihjvGfL1/white_house_chief_of_staff_william_daleys_exclusive_interview/

Obamacare Waivers hit 729, include 4 new SEIU gifts.

It was recently announced that the total waivers issued to exclude certain companies/unions/ from the damaging financial effects of Obamacare hit 729.

     Included in this batch of waivers is Obama campaign crony SEIU, or the Service Employees International Union. Foxnation* sums it up pretty well here:

Corruption: SEIU’s Chicago Chapter Gets Obamacare Waiver

“Three local chapters of the Service Employees International Union (SEIU)–whose political action committee spent $27 million supporting Barack Obama in the 2008 presidential election–have received temporary waivers from a provision in the Obamacare law.

The three SEIU chapters include the Local 25 in Obama’s hometown of Chicago.

The waivers allow health insurance plans to limit how much they will spend on a policy holder’s medical coverage for a given year. Under the new health care law, however, such annual limits are phased out by the year 2014.”

     While our Congress fights over the call to repeal Obamacare, blatant cronyism and vote-buying are evident in the massive amounts of special “waivers” being issued to protect people from the adverse effects of Obamacare itself.  How can elected officials try to tell the people that Obamacare is such a great program, when these waivers prove just what a boondoggle this Socialized Healthcare law is really shown to be ? This looks like this law will apply to anyone who opposes the Obama campaign, while his supporters will get a pass from the ill effects of this boondoggle. Is this Obama’s idea of the “Social Justice” he talks about?

     The always interesting, and very well expressed Michelle Malkin also brings up some interesting facts about these waivers. She also includes the complete list of SEIU waivers granted to date in her latest lambasting of the hypocracy of Obamacare and this type Union Cronyism** 

“While the Democrats continued to extol Obamacare and the president defended the behemoth law during the Date of the Union, HHS was quietly presiding over a massive Obamacare Waiver-mania explosion.

When last we examined the growing list, privileged escapees topped 222.

Now: The list now at 729 — plus 4 states (Massachusetts, New Jersey, Ohio, and Tennessee).”

      This leads me to believe that the timing of the announcement of this massive batch of Obamacare waivers was no accident. We were at 222 total waivers , then things went quiet until right after the SOTU address. Then we have President Obama using the SOTU to try to rally support against the repeal of his vaunted, historic Socialized Medicine Obamacare. I suppose it would be difficult to stand before the nation you lead and brag about how wonderful Obamacare will be for everyone, if  the latest batch of waivers had been announced beforehand. The President is saying out of one side of his mouth how we all need Obamacare, while out of the other side he is handing out waivers to benefit his supporters and exclude them from it. The shell game continues. Repeal this semi-hidden form of Socialism.

 *http://nation.foxnews.com/health-care/2011/01/24/corruption-seius-chicago-chapter-gets-obamacare-waiver

 **http://michellemalkin.com/2011/01/26/the-real-snow-job-in-d-c-obamacare-waivers-skyrocket-to-729-4-states/

Fannie, Freddie and Foreclosures- Exploring the True Costs to the US taxpayer

Introducing Fannie Mae, their mission and purpose as explained on fanniemae.com:

“Fannie Mae, (Federal National Mortgage Association) is a government-sponsored enterprise (GSE) chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets.”

Yet they have managed to do just the opposite of the purpose for which they were created. With record numbers of foreclosures and mortgage problems being reported, I fail to see how I can paint this organization in any kind of favorable light here today.

Fannie Mae would have been in bankruptcy – if they actually applied the true principles within the realm of their creation, as further explained on their homepage (emphasis mine) :

“Fannie Mae was established as a federal agency in 1938, and was chartered by Congress in 1968 as a private shareholder-owned company.”  Yet once again, a company deemed “too big to fail” by our government was in effect bailed out by the U S taxpayers. Whatever happened to investors that do not monitor their investments properly, being made to accept the loss here? Why should our government step in and make the taxpayer bear this debt burden?

Introducing Freddie Mac should have been more aptly named Fannie Mae II, as their mission statements are virtually the same, as reported on freddiemac.com (emphasis mine).

“Freddie Mac was chartered by Congress in 1970 with a public mission to stabilize the nation’s residential mortgage markets and expand opportunities for homeownership and affordable rental housing. Our statutory mission is to provide liquidity, stability and affordability to the U.S. housing market.

Read that mission statement again, then ask yourself, “Have they accomplished their mission, or any part of it today? ” Again, I am trying to shed a positive light on Freddie Mac, but all I see are huge abject failures as to their own mission statement. I think the statement, “To stabilize the nation’s residential mortgage markets,” when looking at our mortgage foreclosure/ housing crisis of today, is ludicrous, to say the least. They claim to be playing an important role in helping people avoid foreclosure, yet at what price to the taxpayers and the economy?

Fannie and Freddie admit to 20 billion in losses.

While it is almost impossible to put a total cost to the taxpayers the full extent of the Fannie Mae and Freddie Mac GSE’s, ( Government Sponsored Enterprises) figures are now emerging that show us the enormity of the waste, abuse and corruption inherent in both of the organizations once again. Another fact that must be addressed is that Congress passed a “Financial Reform Bill” in July of last year that ignored the problems at Fannie and Freddie completely. How can you claim to reform the financial system and ignore the largest mortgage holder in the USA ? That just doesn’t make sense.

Earlier in the spring of 2010, Bloomberg Businessweek printed an article that tried to summarize the problems and expense of taxpayer funding through the government backing of Fannie Mae and Freddie Mac.* The fact that the Fannie and Freddie Foreclosure club is at the center of the housing crisis and financial collapse just cannot be denied. Note that this exposure was before they passed the financial reform bill. They knew the basic facts and chose to ignore them anyway.

When the history books are written about America’s early 21st Century financial system breakdown, what will they make of Fannie Mae and Freddie Mac? These two government-sponsored enterprises (GSEs) that own or guarantee 76 percent of all mortgage originations were at the center of the credit market collapse. Bailing them out has cost the U.S. taxpayer $145 billion and counting.” Estimates of their losses today run much, much higher as new facts emerge.

Keep in mind that this article was written in May of 2010, yet the costs to the taxpayer had already soared to $145 billion dollars. In an earlier article at CDN, “Money for Nothing and Your Houses for Free“, I pointed out how the taxpayer was also paying for the legal costs incurred by the top 3 corruptocrats at Fannie and Freddie, who continued to rake in huge salaries and bonuses after admitting to complicity in cooking the books and inflating the financial outlook at Freddie Mac to increase their bonuses. There appears to be an ever emerging pattern of corrupt practices within the higher ups in both organizations, and it certainly appears to have the approval of our elected officials in Congress, as they refuse to stop this madness mo matter how much proof is put in front of them.

Bloomberg Businessweek further goes on to state how with very little public discussion, or exposure in the media, “ Uncle Sam has basically nationalized their $5.5 trillion in home-loan assets. The Obama Administration has pledged to cover unlimited losses at Fannie and Freddie through 2012, a commitment that goes beyond a prior credit line of $400 billion (which itself had been doubled). In early May, Fannie posted a $13.1 billion loss while Freddie fessed up to losing $6.7 billion. The pair now tote $340 billion in nonperforming assets. ( 2012 also happens to be an election year, and without government protection, the people just might find out how bad this situation really is here, and that could have an enormous effect on said elections).

With all of the books being cooked to the point of complete confusion, I can’t fault the 111th Congress completely here, yet the bleeding of taxpayer dollars was very obvious, even to the most naïve and incompetent of government accountants. On May 11th of that same year Senator McCain called for the stoppage of the Fannie and Freddie debacle. What did the Democratic Majority in the Senate choose to do then? They ignored the calls for true reform at F&F and instead shifted responsibility to the Treasury Department to do some “studies” on how to take F&F off the taxpayers bank account. Meanwhile, record foreclosures, high unemployment, and an economic recession were crushing the country. Is this what the people voted for in the 2010 elections? This writer certainly doesn’t think it is.

There is also a Ginnie Mae, as in Government National Mortgage Association. (GNMA)

This company was originally a part of Fannie Mae and was originally created during the recovery from the Great Depression. This was widely known as the lending arm of HUD, or Housing and Urban Development. In 1968 Fannie Mae and Ginnie Mae split with Fannie Mae going public on the NYSE with Ginnie Mae remaining as a government owned association. So why haven’t we heard much about Ginnie Mae during this housing mortgage crisis in recent years? I plan on researching this entity more thoroughly in a upcoming article in this continuing saga. I can give a hint of what I have found so far on Ginnie Mae. It fits the same pattern as the other family members in the mortgage business attached to our government. One top executive was convicted of mortgage fraud at Lend America.. and continued to to help run the company, with the full endorsement of Ginnie Mae. In December of 2009 the FHA removed Ginnie-approved Lend America from the FHA program completely, mainly due to corruption, fraud and bad lending practices. Yes we have a definite pattern of corruption and incompetence emerging here in all three of these entities.

Fast forward to today. Fannie and Freddie still basically operate on a blank check written on the taxpayers bank account. The housing and mortgage crisis is still crippling our economy, yet I see no proposed legislation to put a stop to this debacle. We the people need to call up and write to our representatives and demand that the taxpayer funding of Fannie and Freddie be stopped immediately. A few Bernie Madoff-style criminal charges are also warranted here, to forcefully send the message that those responsible for this kind of debacle will be held accountable. With the recent announcement by the CBO of the 2011 Federal deficit hitting $1.5 trillion, immediate action is needed. Congress has all the data. No more“studies, no more “reviews”and no more dithering. Stop the bleeding of taxpayer dollars through Fannie and Freddie and do it now, there is no excuse for continuing to allow this massive fraud and abuse of taxpayer dollars.

Sources:

* http://www.businessweek.com/magazine/content/10_21/b4179025062530.htm
** http://conservativedailynews.com/2011/01/money-for-nothing-and-houses-for-free/

Kicked out of Canada, Jailed in France, Muslim cleric caught being smuggled into U.S

    Pictured is the U S/ Mexico Border station where agents made a surprising discovery when searching the trunk of a Mexican registered BMW.  Inside they found one Mr. Said Jaziri, a native of Tunisia. Mr Jaziri also happens to be a radical Muslim Cleric whom was deported  from Canada in 2007  for “forgetting” to put on his refugee application the small fact that he was  jailed in France for threatening the life of Danish cartoonist Kurt Westergaard for his drawings of  the profit Mohamaad. I must add here that it is pretty difficult to get yourself deported from Canada these days, no matter the facts. They have a history of leniency towards certain Muslim Clerics/ suspected terrorists, and assorted questionable characters. That leads me to believe there is more to this story than meets the eye. Two reasons  for that statement can be found in an article from the internet news site MailOnline, in an article dated 1/29/2011. *

“He was being held as a material witness in the criminal case against Mr Lawler, who has been charged with immigrant smuggling.”

“Lise Garon, a professor of communications at Laval University in Quebec City, told the Los Angeles Times: ‘His nickname in Quebec was the controversial imam.”

‘I think he was deported because people hated his ideas.’

     Mr. Kenneth Robert Lawler ( Jaziri’s driver) is the person who is actually charged with the crime of immigrant smuggling here. The radical muslim cleric, at the time of  writing this article, is only being held as a “witness.”  Will he be charged with illegal entry to the U.S. ?  Only time will tell. This situation does blow some holes in Janet Napolitano’s recent statements that our border is more secure than ever, and that radical Muslims from far away lands are not illegally crossing into the U.S.A.  via the border with Mexico.

   I must add that I was living in Montreal Canada in 2007 when Mr. Jaziri was said to have been deported because, as Lise Garon (above) stated, people hated his ideas. Montreal has a fairly large and growing population of Muslims, and the last thing Canada would do is deport him soley because people “hated his ideas.” As I stated above, this story is much, much deeper than meets the eye. I will be following it closely to see just what happens to Mr. Jaziri and how the DHS, under Ms. Napolitano deals with him. I also expect CAIR, the Counsel on American-Islamic relations, to get involved real quickly here.

Read more: http://www.dailymail.co.uk/news/article-1351385/Controversial-Muslim-cleric-caught-smuggled-U-S-Mexico-border.html#ixzz1CQkytwLZ 
Read more: http://www.dailymail.co.uk/news/article-1351385/Controversial-Muslim-cleric-caught-smuggled-U-S-Mexico-border.html#ixzz1CQkayJcz

 

 *http://www.dailymail.co.uk/news/article-1351385/Controversial-Muslim-cleric-caught-smuggled-U-S-Mexico-border.html

Rubio visits Afghanistan, Pakistan. Was the trip necessary?

Newly elected Senator Marco Rubio (R -FL), recently went on a trip to the war zone of the Afghanistan/Pakistan border. As you can see in the picture, it is a very inhospitable land comprised mostly of rocky mountainous regions seperated by barren desert. While it is nice to see my  Freshman Florida Senator jumping in and getting to “work” up in DC, I have to call in question the viability of these expensive trips, especially by our members of Congress. When they are flying around the world to other countries, they are not here in our Senate taking care of real business.

I was curious as to just what they accomplished, or hoped to accomplish, on this taxpayer funded trip when I saw this headline in The Miami Herald, accessed on 1/18/2011. * The article initially starts out with the announcement of his first overseas trip as a U S Senator, then goes on to give us some insight on just what they witnessed while over there :

“Finishing his first overseas trip as a U.S. senator, Marco Rubio on Monday warned the Obama administration against setting an “artificial timeline” for the United States to leave Afghanistan.”

“Everywhere we went, from the markets to the streets, to Afghan authorities . . . what we heard repeatedly is that it’s important that it’s clearly understood that the U.S. is committed to seeing this through,” Rubio told reporters in a conference call from Kabul. “Otherwise, there’s a sense that the Taliban, even al Qaeda, is just waiting for us to leave so they can move back in.”

I make the observation here, that this is the same old song and dance we have heard from other politicians for what,  5, 6, or 7, years ? So far I see zero substantial results from this trip that would justify this expense. I can see future self-grandeurizing politicians standing on the Senate floor bragging about ,  “When I was in Afghanistan,I saw this and that.”  To which I always end up asking myself, ” Just what are our U S Senators doing flying around the world for in the first place? ”  We have a State Department, a Department of Defense, the CIA, thousands of soldiers, and Military Commanders there on the ground, all writing reports on what is happening in Afghanistan.  Do we really need to have 535 politicians flying over there too ? Maybe the newly empowered, tyrannical, unelected government minions over at the EPA should look into this type of pollution, instead of clamping down on wood stoves and the like?  Do the people actually know this is going on and how much it costs the taxpayer?  The Miami Herald goes on to list just who all went on this trip:

“Rubio — who returns to Florida on Tuesday — toured U.S. operations in Afghanistan and Pakistan with Senate Minority Leader Mitch McConnell, North Carolina Sen. Richard Burr, and fellow Republican freshmen from Pennsylvania, New Hampshire and Wisconsin. Rubio had lunch with troops from Florida stationed in Kabul and had dinner Sunday night with Afghan President Hamid Karzai. The group also met with Gen. David Petraeus and toured Kabul Military Training Center, which is training Afghans for its National Army.”

A total of six politicians flying around the world, including four new freshmen Senators. That is very expensive people. Am I asking too much to think these freshmen Senators would better serve the people by digging in and getting to work learning the ropes in the Senate? Senate Minority Leader McConnell should be ashamed of himself for these kind of nonsensical expenditures, especially at a critical time when there are major issues we need to address here at home. I,m also disapointed in my Senator Rubio in agreeing to go on this trip. What part of cutting Government waste do these “representatives” not understand?  Ground all politicians, make them stay here and take care of the business they were elected to do!

Read more: http://www.miamiherald.com/2011/01/18/2020832/rubio-visits-afghanistan-pakistan.html#ixzz1CQNQYbtE

Read more: http://www.miamiherald.com/2011/01/18/2020832/rubio-visits-afghanistan-pakistan.html#ixzz1CQHgBaMs

http://www.miamiherald.com/2011/01/18/2020832/rubio-visits-afghanistan-pakistan.html

Egypt Shuts Down Internet – New Bill Gives Obama the Same Power

An Associated Press article reported that Egyptian internet has gone dark.

Internet service in Egypt was disrupted and the government deployed an elite special operations force in Cairo on Friday, hours before an anticipated new wave of anti-government protests..

Apparently social web sites were used to organize the protests and the government needed to prevent that from continuing.  President Hosni Mubarak can do what he likes in his own country, but that could never happen in the United States .. or could it?  A bill introduced last year by Senators Lieberman and Collins, the “Protecting Cyberspace as a National Asset Act of 2010″,  gives Obama the ability to shut down the internet and the courts can do nothing about it.  A revision to the bill was presented in the lame duck session last year.  From CNET News:

The revised version includes new language saying that the federal government’s designation of vital Internet or other computer systems “shall not be subject to judicial review.”

If the President shuts down a portion of the internet, even the courts can’t stop it, which means no one can.  Checks and balances were built into the Constitution to prevent dictatorial actions by a single branch. This is by far, the furthest overreach by Congress in the last two years and Egypt is proving that all the doom-and-gloomers are not that crazy. While it may or may not be Obama that executes this power, some President might. It doesn’t matter whether I favor the President’s views or not, shutting down the internet without having the decision undergo judicial revue is, at best, tyrannical in nature.

Many progressives have tried to point out that the bill only allows the President to shut down portions of the internet critical to national security.  However, as the CNET article continues,  the latest revision added this as a definition of a portion of the internet that is controllable by the executive branch:

Another addition expanded the definition of critical infrastructure to include “provider of information technology,”

For those less tech-savvy, that definition definitely fits internet service providers, perhaps fits wireless internet providers and wireless telephony providers and could be extended to Google, Yahoo you name it.

This bill is quit simply, un-American.  It is certainly unconstitutional.  How can I be certain?  If it was aligned to the Constitution, it wouldn’t need a clause to keep it from being reviewed by the Supreme Court.

The full text of the bill is available here

Chavez Giving Middle Class Real-Estate to the Poor

hugo chavezNo surprise here, but Venezuala’s dictator, Hugo Chavez has decided that it’s perfectly fine for people to squat on the land belonging to middle and upper class citizens.

Hugo Chávez has sent out troops to take over farms and urged the poor to occupy “unused” land in wealthy areas of Caracas, prompting a wave of squats that is rattling Venezuela’s middle class.

Chavez is taking applying a strategy similar to Mao Tse-Tung’s which involved the nationalization of banks and industry as well as the redistribution of land from wealthy landowners to the peasants.  Hugo is slowly nationalizing all industry both foreign and domestic.  Radio and TV stations, oil production and much more have already been nationalized and he’s threatened the entire banking sector.

The more-recent policy of allowing squatters to take land from rightful owners is a direct result of the failure of Hugo Chavez’s version of Socialism.

Under Chávez the government has built fewer than 40,000 units a year – some say only 24,000 – in contrast to previous governments, which averaged 70,000.

It shouldn’t shock any of my readers that this government is failing its people.  By going deep into the play books of Lenin and Marx, Hugo Chavez has managed to thrust his country into poverty, destroy its industry and reduce housing production by almost half.  Now he’s letting the people he’s made homeless steal the land that other’s had worked and saved to purchase.  This move is making other industries fearful that they will be the next on to become the property of the nation of Venezuela.

Even hotels have become skittish since being asked to host those displaced by the floods. They have obliged, but some proprietors now worry they will be the next industry to be nationalised.

.. and they have every right to be nervous, Hugo’s record for taking over businesses is lengthy.  This is just a smattering of what he’s expropriated:

Money for Nothing and Houses for Free.

How would you feel if a burglar was caught inside your home stealing everything of value, and when the police went to make out the police report, you were told that you would have to write a check for $5000.00 to pay for the burglar’s legal fees? Well that happens indirectly, with the Lawyer-enriching “Right to Legal counsel” laws we have today. Those public defenders are not working for free. Another kind of this Lawyer – enriching thievery from the taxpayers was exposed this past week involving two companies whom I feel have as much culpability as Wall Street did in the housing crash of today. Meet Freddie Mac and Fannie Mae. These two companies announced that they want you the taxpayer to pay for their 160 million dollars in legal fees stemming from investigations of long-term fraud and corruption. With a new Republican majority in the House of Representatives today, it seems like Fannie and Freddie were/are trying to take in every single taxpayer dollar they can before serious investigations expose their dealings.

The New York Times ran a piece on this on 01/24/2011.* While this article does address some serious facts, it also seems to deny the responsibility of the top three executives to pay for their own legal fees stemming from years of their own corrupt, incompetent practices. The Times also refused to state the huge bonuses and salaries the top three culprits raked in right in the middle of the housing crisis. Here are a few observations from that article. Parenthesis at end are my comments.

The Times points out three key players in the story:

“Documents reviewed by The New York Times indicate that taxpayers have paid $24.2 million to law firms defending three of Fannie’s former top executives: Franklin D. Raines, its former chief executive; Timothy Howard, its former chief financial officer; and Leanne Spencer, the former controller.”

The story then demonstrates how for the last 4 years of Democratic rule, the House has done little, if anything to investigate the travesty, that both Freddie Mac and Fannie Mae have become:

“Since Fannie Mae and Freddie Mac were taken over by the government in September 2008, their losses stemming from bad loans have mounted, totaling about $150 billion in a recent reckoning. Because the financial regulatory overhaul passed last summer did not address how to resolve Fannie and Freddie, Congress is expected to take up that complex matter this year.”

Could it all be simple ineptitude?  Of course not – outright corruption is certainly another part of the problem:

“ Well before the credit crisis compelled the government to rescue Fannie and Freddie, accounting irregularities had engulfed both companies. Shareholders of Fannie and Freddie sued to recover stock losses incurred after the improprieties came to light.”

So here we have evidence of “accounting irregularities” resulting in lawsuits, yet instead of criminal charges and government intervention to stop the fraud, our Congress not only turns their heads the other way…But decides to put the taxpayers on the hook for the entire bill, as evidenced further in The Times article:

“Freddie’s problems arose in 2003 when it disclosed that it had understated its income from 2000 to 2002; the company revised its results by an additional $5 billion. In 2004, Fannie was found to have overstated its results for the preceding six years; conceding that its accounting was improper, it reduced its past earnings by $6.3 billion. Mr. Raines retired in December 2004 and Mr. Howard resigned at the same time. Ms. Spencer left her position as controller in early 2005. The following year, the Office of Federal Housing Enterprise Oversight, then the company’s regulator, published an in-depth report on the company’s accounting practices, accusing Fannie’s top executives of taking actions to manipulate profits and generate $115 million in improper bonuses. ( So they were found to be cooking the books to enrich themselves, paid fines that prove it, yet still feel the taxpayer should pay their legal fees? )

This is like a bad remake of the movie Groundhog Day here, where the mistakes and improprieties happen over and over again. When President Obama and the Democrats passed the partisan Financial Regulatory Reform bill last year, they also once again chose to ignore  the problems at F&F. That’s right, when Republicans tried to demand that the Financial Regulatory Reform bill include Fannie Mae and Freddie Mac, they were told told no. Coincidence? Everything happens for a reason, and I would like to hear the President’s and his  Democratic Party’s reason for allowing F&F to continue writing checks on the taxpayers account.

“Fannie Mae also settled a fraud suit brought by the Securities and Exchange Commission without admitting or denying the allegations; the company paid $400 million in penalties.” (Nothing to see here folks, just move on, but make sure you keep writing those checks drawn on the people’s Federal funds.)

When it comes to our Government today, we have such a bloated beauracracy that the checks and balances within Government, written into our  Constitution are being ignored. The “Federal Housing Finance Agency” agreed to pay for the proven fraudster’s legal fees?  What next?  Bernie Madoff being pardoned, so he may become the Secretary of the Treasury? Or maybe the Chairman of the Federal Reserve? Further on in The Times piece we see:

“After the government moved to back Fannie and Freddie, the Federal Housing Finance Agency agreed to continue paying to defend the executives, with the taxpayers covering the costs.”

So here we have proven fraud, corruption and incompetence within Fannie and Freddie, with absolutely nothing being done about it over the past eight years. Not one person has even been given criminal charges or jail time. Just the opposite, they still have that blank check written on the taxpayers account.  Seems to me it is pretty obvious here, as to why the people no longer trust their government.

Sources:

http://www.nytimes.com/2011/01/24/business/24fees.html?src=me&ref=business *

California Dreamin

California Governor Jerry Brown was in the news again last week, with a startling “revelation”. He declared a State of Fiscal Emergency after looking at California’s budget, as California is 25.5 billion in the red. People seem to forget that this is the exact same declaration former Governor Swarzenegger made just last month, and which the California Democratic Legislature chooses to ignore, year after year after year. This is proof positive that irresponsible voting has consequences, and in this case disastrous ones. Dreaming of a liberal utopia where everything is free,while fiscal responsibility is non-existent, is more an act of childish ignorance instead of a responsible State government. It is also ridiculous when Liberals try to blame their fiscal insanity on Republicans, considering the fact that Republicans haven’t controlled the California Legislature since the 1950’s.*

While California’s looming bankruptcy is the culmination of decades of fiscal irresponsibility and the general incompetence of their Democratic officials, there are main causes of this problem that must be identified. Union pensions play a very big part and high taxation has also proven to drive businesses out. These two are obvious examples of causes of the impending bankruptcy of California. There is a semi-hidden cause that few people seem to want to acknowledge here that just astounds me.

About.com/U S Government Info gives us some insight here: **

In hosting America’s largest population of illegal immigrants, California bears a huge cost to provide basic human services for this fast growing, low-income segment of its population. A new study from the Federation for American Immigration Reform (FAIR) examines the costs of education, health care and incarceration of illegal aliens, and concludes that the costs to Californians is $10.5 billion per year.

“California’s addiction to ‘cheap’ illegal alien labor is bankrupting the state and posing enormous burdens on the state’s shrinking middle class tax base,” stated Dan Stein, President of FAIR. “Most Californians, who have seen their taxes increase while public services deteriorate, already know the impact that mass illegal immigration is having on their communities, but even they may be shocked when they learn just how much of a drain illegal immigration has become.

The Dream Act is already being applied in California via Federally Illegal Sanctuary Cities

In discovering the massive cost liabilities of Illegal immigrants in California, why would they continue down this path towards economic destruction? Surely they don’t think the rest of the country will be willing to bail them out with Federal taxpayer funds? The reality of the situation is that this isn’t anything about a “Dream.” Dreams are based in pleasant thoughts. This is a nightmare. Here is some truth in  Liberal California Dreamin about the Dream Act:

From CFIF.org :Ten Things you need to know about the Dream Act, by Senator Jeff Sessions. ***


1. The DREAM Act Is NOT Limited to Children, And It Will Be Funded On the Backs Of Hard Working, Law-Abiding Americans2. The DREAM Act PROVIDES SAFE HARBOR FOR ANY ALIEN, Including Criminals, From Being Removed or Deported If They Simply Submit An Application

3.Certain Criminal Aliens Will Be Eligible For Amnesty Under The DREAM Act

4. Estimates Suggest That At Least 2.1 Million Illegal Aliens Will Be Eligible For the DREAM Act Amnesty. In Reality, We Have No Idea How Many Illegal Aliens Will Apply

5. Illegal Aliens Will Get In-State Tuition Benefits

6. The DREAM Act Does Not Require That An Illegal Alien Finish Any Type of Degree (Vocational, Two-Year, or Bachelor’s Degree) As A Condition of Amnesty

7. The DREAM Act does not require that an illegal alien serve in the military as a condition for amnesty, and There is ALREADY A Legal Process In Place For Illegal Aliens to Obtain U.S. Citizenship Through Military Service

8. Despite Their Current Illegal Status, DREAM Act Aliens Will Be Given All The Rights That Legal Immigrants Receive—Including The Legal Right To Sponsor Their Parents and Extended Family Members For Immigration

9. Current Illegal Aliens Will Get Federal Student Loans, Federal Work Study Programs, and Other Forms of Federal Financial Aid

10. DHS Is Prohibited From Using the Information Provided By Illegal Aliens Whose DREAM Act Amnesty Applications Are Denied To Initiate Their Removal Proceedings or Investigate or Prosecute Fraud in the Application Process


Sources:

http://en.wikipedia.org/wiki/Political_party_strength_in_California *

http://usgovinfo.about.com/od/immigrationnaturalizatio/a/caillegals.htm **

http://cfif.org/v/index.php/commentary/58-immigration/821-ten-things-you-need-to-know-about-s3827-the-dream-act ***

 

Conservative Group Sets Legislative Agenda for 2011

Americans for ProsperityAmericans for Prosperity sent out a mailer that lists their current legislative priorities.  Dallas Woodhouse and company are planning to press Congress to work on these items by producing a report card for grassroots Conservatives to use to measure their members of Congress’ alignment with core issues.

AFP-NC 2011 Legislative Agenda:

• Pass a budget with ZERO tax increases
• Allow temporary sales and income taxes to sunset as planned
• Repeal ¼-cent sales and land transfer tax
• Require any referendum to take place on an even- year November General Election
• Increase the number of public charter schools and other school choice options
available to parents
• Promote the Taxpayer Bill of Rights (TABOR) that would limit government
spending
• Promote an amendment requiring a supermajority to raise taxes
• Eliminate corporate welfare (incentives) and adjust the corporate rate from 2% to 3%
• Protect private property
• Support a Constitutional Amendment to stop eminent domain abuse
• Stop forced municipal annexation
• Stop excessive property tax increases that threatens homes & businesses
• Dedicate all lottery revenue to school construction
• Repeal “Senate Bill 3”which raised energy costs and hurt families
• End all “welfare for politicians” known as taxpayer funded elections
• Protect free and political speech rights by deregulating campaign speech
• Pass a Session Limit Amendment
• End the Golden Leaf Foundation
• Keep North Carolina a “Right to Work” state
• Protect government employees from Unions having access to pay checks
• Protect taxpayers from public employee strikes and work stoppages
• Support a State Constitutional Amendment to protect workers’ rights to secret
ballot elections
• Pass Texas-style tort and lawsuit reform
• Greatly reduce the regulatory burden on business and citizens

We welcome any and all feedback on our goals and efforts.
Please feel free to contact Dallas Woodhouse at 919-839-1011 ext. 3 or at [email protected]

Group Pushes to Limit Steak Consumption

A group founded on dietary safety and health has started a new campaign against steak.  The group isn’t asking for an outright banning of steak by the FDA, but would support the idea. Jenna Smith-Johnson from the group commented that they aren’t trying to keep people from eating beef, just trying to limit its availability.

We aren’t pressing to end the consumption of all beef, not even all steaks, we’re just asking that regulators prevent the serving of Kobe beef steaks, buffalo steaks, and a few of the fattier cuts like the ribeye steak.  With the government taking on health care, we just can’t afford to keep paying the hospital costs for people that choose to eat this unhealthy.  Heart attacks, obesity, all of it are costs that those of us that don’t eat ribeyes and Kobe beef don’t want to take on

Mike Tillman of the North American Steak Producers and Ranchers (NASPAR), said that he fears this is just the beginning.

Sure, today they come after the rib roast, tomorrow it will be ground beef, the strip, filets, all of it.  This is an attack on beef plain and simple

A local Democratic Congressmen who commented only on the condition of anonymity expressed that perhaps compromise was possible:

Banning steak in restaurants just inn’t reasonable, but we could consider steak-eating and non-steak-eating seating areas so that those that don’t want to be lured by the smell of steak can eat in peace.

Jim Spellman of Steak Eaters Against Restrictions (SEAR) said, “Separating people isn’t going to make a difference, what next, we have to eat steak outside only?  Then what, a steak tax?  This is ridiculous.  They can’t keep me from eating steak – can they?  I mean, if they can keep me from eating steak, what else can they take away?”

The organization seeking to restrict the availability of certain cuts of beef, Beef Limitation Organizers of the World (BLOW), released this official statement:

BLOW does not want to limit anyone’s liberty, but we all have to share the responsibility for the health of American citizens now that we are going more and more into government health insurance systems like Medicare and Medicaid.  Obamacare has finally realized American’s right to health insurance and to make sure that right exists for all time, we must keep the population healthy.  We think that moderating the amount of beef available could significantly affect obesity and cardiac disease rates.


This article is pure fiction as are all events, comments, persons and groups mentioned within. Any semblance to actual events, comments, names or groups is purely coincidental and unintentional. No animals were harmed in the writing of the article, although it has made me really hungry. Steak, it’s what’s for dinner.

House Votes to Flush Obamacare


In keeping with promises made during the 2010 elections, the new House Majority passed the repeal of Obamacare by a vote of 245 – 189 with 3 Democrats voting for repeal of this jobs-killing, 2000-plus page government takeover of our Healthcare system. After four long years of Democratic partisanship in which we witnessed the constant ignoring of the people’s demands, the GOP stepped up to the plate and hit a home run. Thank you Speaker Boehner, for reigniting some hope for a Government of the people, by the people and for the people. Ignoring the wishes of the majority, for the over-stated whims of the minority in this country denies the true foundation of Democracy. We have had the best healthcare system in the world for decades, and the last thing we want is to see the government turn it into another costly, failed experiment.

Next up for the Obamacare repeal process is the battle to get it to a vote in the Senate. Senate majority leader Harry Reid says he won’t allow it to come to a vote in the Senate. I have a question for Mr. Reid here: “Just what part of working for the people do you not understand ?” Is blocking the repeal vote your way of working for the people, or is it just you showing the world what a self-serving Tyrant you have become? ( I vote for the latter there) The only real support for Obamacare comes from non-producing, not-tax-paying citizens on the government dole and/ or illegal immigrants basically. Those who actually work for a living and pay your salary through their taxes. are telling you to keep your hands off their healthcare . What part of that don’t you understand?

A total of 26 Democratic Senators are up for reelection in 2012. If Mr Reid thinks he can help them escape the wrath of the people at the voting booths in 2012, by denying the people their right to due process in Congress today, he is sadly mistaken. As goes the leader, so goes the pack. Either put this up for an honest and fair debate so the people can see where their Senators stand today, or face the total rejection of Senate Democrats in 2012. The choice is yours Mr. Reid, either way, we are watching and taking notes. Put the repeal of Obamacare up for a vote in the U.S Senate.

Tradition to be Trampled at the State of the Union Address

The mainstream media has been all over the story that Democrats and Republicans, Liberals and Progressives, Donkeys and Elephants, cats and dogs may be sitting together at the State of the Union Address on the 21st.  I have seen some fairly strong reactions to the seating arrangement and have recently received a letter to the editor that expresses a reasonable concern.

Editor,

Please consider this an open letter to the Speaker & anyone else who thinks tradition is a good thing to junk at SOTU.

I have played in politics over my 51 years & have learned that tradition & appearance are both HUGE. That alone is a a good reason to keep mixed seating out of the SOTU event. But there is so much more this time.

Mr. Speaker we are a divided nation & November gave those of us who feel embattled a glimmer of hope. Our House listened & voted to repeal that job killing abomination we “fondly” call obamacare. But now, you & the rest of the GOP want to bend to the dim dems will & sit in a glut much like the Soviet Politburo of old.

No, Mr. Speaker, we are divided. There is much work to do. We are angry at 4 years of virtual coventry from the politicians who are supposed to represent us (your party included). In November, we demanded a turning of the tide. In the ice of January, we need to see a visual representation of our verizon moment. You see, Mr. Speaker, we still live in fear that you really aren’t listening. We expect to see the debt ceiling raised & our demands for spending cuts ignored.

Give us the ass on 1 side & the elephant on the other when obama fires up his teleprompters for SOTU. We can see 2012 in the distance but it’s still a long road. We need this.

Laura R. Charron
Emmett, MI



Progressives Pushing for Radio Buy to Mislead Public on Health Care Repeal

A not-so conservative friend of mine forwarded this ugly little email to me.  She was of course trying once again trying to show me the error of my ways.  I don’t think she realizes how silly she and her liberal friends sound.

Yesterday, House Republicans voted to repeal the new health insurance reform law. Even though they know the law won’t actually be repealed–because Democrats hold the White House and the Senate–they voted anyway in order to appease their Tea Party base.

In response, Daily Kos is teaming up with Blue America to make House Republicans pay a political price for this grandstanding. In key districts around the country, we’re going to run a radio ad highlighting the cruelty and hypocrisy of the Republican effort to repeal health insurance reform. (radio spot added by me below).

The ad makes two points:

  1. Republicans in Congress just voted to raise health insurance premiums, take away prescription drug benefits, and allow insurance companies to cut off coverage to Americans with pre-existing conditionsAnd–
  2. These cuts didn’t apply to the health insurance plans Republican members of Congress receive.

It only costs $2,500 per district for local media to pick up on this ad and produce a story on it. We know this because an allied organization, Americans United for Change, went after freshman Republican Andy Harris with a radio ad like this back in November. Even though Americans United for Change only spent $2,500 on the ad, local media picked up on it anyway. Harris took a big hit.

We’re expanding this campaign into other Republican-held districts. The ad is already produced, an advertising placement expert is lined up, communication staff is ready to contact local media, and the name of the Republican member of Congress in the ad can be changed to fit any district. All we need to make it work is your $10 contribution.

Republicans peaked in the 2010 elections. As their cruelty and hypocrisy come to light, they are quickly sliding downhill. In just two months, Democrats have erased the electoral advantage Republicans held in 2010. That trend will only continue if we capitalize on opportunities like this.

Let’s make it happen. Please, contribute $10 to run this ad in key districts.

Keep fighting,
Chris Bowers
Campaign Director, Daily Kos

There is so much progressive fear mongering and absolute mis-treatment of the truth in this thing that it is hard to know where to begin.  We’ll start with the two points that Mr. Bowers highlighted in his email.

“Republicans in Congress just voted to raise health insurance premiums, take away prescription drug benefits, and allow insurance companies to cut off coverage to Americans with pre-existing conditions”

I don’t see repeal as voting to raise insurance premiums, those are still going up and will continue to do so under Obamacare.  It is the intention of the progressives to make sure that the private insurance market is put under such heavy regulation and economic strain that its only recourse will be to price itself out of existence.

“These cuts didn’t apply to the health insurance plans Republican members of Congress receive”

Why is this such a problem now?  I didn’t see the DailyKos pushing for Democrats to eat their own dog food when they shoved this mess down our throats.  What cuts is he talking about anyway?  The GOP has simply voted to repeal Obamacare, the replacement bill is in the works.  Then again, if Chris Bowers and Markos Moulitsas want to know what’s in the replacement bill, maybe they’ll just have to wait till it passes to see what’s in it.

The radio spot is even more of a face palm artifact.  The terrible voice-over announcer is probably as good as they could get on the cheap, but the droning string of pure ignorance is just awful.  The audio alludes to the 14th amendment to the Constitution – equal protection under the law.  So now the libtards want to invoke the Constitution?  Unfortunately, it’s not accurate.  Equal protection under the law does not guarantee that everyone is equally privileged.  It simply means that the law cannot single out one set of citizens for application of law.  If the disastrous health care law is repealed, the law affords no class of citizen anything more than another – because there would be no health care law – none.

The left-wing nut-jobs are misleading their naive base.  The ultra lefties won’t mind it though, naivety is just a stepping stone on the way to social justice .. or the other way around .. they keep changing the order.