Friday, September 26, 2008

Another prominent Dem "in bed" with Fannie Mae

Barney Frank, chairman of the House Financial Services Committee, was once romantically involved with an executive at Fannie Mae. The man's name is Herb Moses and he was the boyfriend of openly gay Representative Frank of Massachusetts. Frank's committee is the sole oversight of the industry. His lover was responsible for introducing and developing new initiatives for borrowers. Barney Frank has received more than $40,000 in campaign contributions from Fannie Mae since 1989. Meanwhile, Frank fed the pig that Fannie had become with more programs to lure in borrowers that couldn't afford the mortgage. Just when you thought we had hit the bottom, Dems pull out the shovel and keep digging.

Here is the link if you want to read the ugly details for yourself

Wednesday, September 24, 2008

Gore Spews Hypocricy

Al Gore has done it again. He recently told students to practice civil disobedience to stop any further coal fired plants in America. Meanwhile back at the dock, Gore's new 100 foot houseboat sits plugged in at the Marina. Sure his new boat is eco-friendly. It runs on bio diesel. Only problem is that the marina doesn't sell bio diesel. It sells off road diesel that has less pollution restrictions than what is sold at the corner filling station. Never fear greenies....he will soon add solar panels. I think they are being flown in on his private jet to his mcmansion. All of which are powered by his own hot air.

Friday, September 19, 2008

Feds to Spend One Trillion on Financial Mess, Free Markets and Tax Payers be Damned

How absurd can this really get. Henry Paulson, the Treasury Secretary and Ben Bernanke, the Federal Reserve Chairman, announced plans for the federal government to pump in as much as one trillion dollars to stem the sinking financial markets. That is a 1 with 12 zeros behind it. Read federal government as "tax payers." We are again bailing out a group that is so greedy and corrupt, that is mixed up with politicians and foreign governments, that never learns a lesson. American citizens are allowed to fail when they make bad choices, why not AIG? Big banks go under every year, this is nothing new. What is new is the governments willingness to double the national deficit and hand it off to the next generation. In a free market there are risks. Sometimes the risk will put you out of business. There is no small business in this country that can operate the way Wall Street and our Federal Government operate. Oh, the markets loved the news. Worldwide they gained like no other day in memory. But, the people that will foot the bill are left scratching their heads. Those tax cuts that McCain wants to make permanent...aint gonna happen. The tax cut on 95% of Americans that Obama is way. It is simply not possible with this debt load. Craig R. Smith, in a commentary to World Net Daily, has this to say... "Our best years are ahead if we learn from the mistakes that have been made and not look to government for the answers to our problems. Government is not the solution to the problem; government is the problem. We must work together. We must allow free markets to punish those who did wrong, weed out the weak borrowers and reward those who borrowed honestly. If we don't, we are headed for even more difficult times.
We can avoid those difficult times if we believe in less government, more personal responsibility and accountability from leaders in both the private and public sectors."

Welcome to the Socialist States of America. Free markets and tax payers be damned.

Wednesday, September 17, 2008

Truth In Advertising

Barack was on the stump yesterday in Colorado, reading from the teleprompter words prepared by a campaign speech writer. The speech went well, sounded fine, but was a contradiction unto itself. Fannie Mae and Freddie Mac were one of the topics. These are the government backed mortgage companies that gorged themselves on for a decade on the hard earned money of the lower and middle class of America. Democrats pitched in by trying to create social change in their voting districts by encouraging families to grab the American dream. This meant taking on mortgages they couldn't afford on houses that were not worth what they paid for them. Simple supply side economics. House flippers noticed that more folks were able to buy houses, greater demand, so the prices went up, to balance that supply side. Fannie and Freddie kept qualifying people for the loans and then selling them to investors in bundles. The bubble grew bigger. So, where does Barack Obama and the democrats come in again? The next two paragraphs are from Obama's speech yesterday:

OBAMA: Over the last few days, we have seen clearly what's at stake in this election. The news from Wall Street has shaken the American people's faith in our economy. The situation with Lehman Brothers and other financial institutions is the latest in a wave of crises that have generated tremendous uncertainty about the future of our financial markets. This is a major threat to our economy and its ability to create good-paying jobs and help working Americans pay their bills, save for their future, and make their mortgage payments.
Since this turmoil began over a year ago, the housing market has collapsed. Fannie Mae and Freddie Mac had to be effectively taken over by the government. Three of America's five largest investment banks failed or have been sold off in distress. Yesterday, Wall Street suffered its worst losses since just after 9/11. We are in the most serious financial crisis in generations.

Now let's follow the dollars.

Top Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008 1) Chris Dodd $133,900 2) John Kerry $111,000 3) Barack Obama $105,849 4) Hillary Clinton $75,550

Barack is listed number 3 on the list and the dates here are from 1989 to 2008. He has only been in the Senate for 3 years. That is a lot of money in a short time. Oh, but the contradictions continue. How can you take money from a group with one hand and point your finger at them with the other?

Truth In Advertising, Part 2

Barack Obama was given advanced warning about the government takeover of the mortgage giants Fannie Mae and Freddie Mac. Useful information for a politician, you might say. Especially for the "chosen one" from Illinois. Turns out that Obama's top economic advisor is a man named Franklin Raines. You may not be familiar with this name, but I will fill you in on his qualifications. Mr. Raines was the executive in charge of Fannie Mae during the peak of it snake oil sales. Mr. Raines pushed and pushed for the programs that have brought this organization to its knees. His haul for all the hard work? $90 million in bonuses over a five year period. He took over for a guy name Jim Johnson. Mr. Johnson also pocketed millions in bonuses and is also an economic advisor to Obama. Big bonuses, huge campaign contributions, a golden parachute to escape the mess and a soft landing in the Obama campaign. Does this sound like "Change We Need" ?

Saturday, September 6, 2008

UAW Has the Car Running and the Garage Door Down

I want to thank Ron, a UAW retiree that put in 30 hard years, for reminding me once again of the blinders that blur the vision of that once admired association. His question to me was "Why does the UAW insist on committing suicide by continuing to endorse and donate to liberal candidates?" Great question...You see, I too at one time was a UAW member. Thirteen years on an assembly line. I questioned many times why the union would support a candidate that advocates unrestricted trade with China when it puts American manufacturers at such a disadvantage. In fact, in 2002 the UAW would not endorse either candidate for the 9th district race in Indiana. When questioned why this was so, I was told that was the decision and there would be no further explanation. The union simply will not endorse a Republican, namely Mike Sodrel, even if it means helping the industry in which they claim to represent workers. The union even attached its logo and helped pay for an advertisement thanking Congressman Hill last year for helping to pass higher CAFE standards. Isn't that like a chicken thanking Colonel Sanders for ridding the fryer of trans fats? You are still going to fry! Why would you want to put even more restrictions on the products that you produce, especially when high MPG automobiles already exist? I know I have written about this before in one of my earliest blogs, but it is worth repeating. The UAW would donate to a yellow dog if it had a "D" behind its name. The only difference this time is that the yellow dog has started the car with the garage door down and the union is in the backseat.

Thursday, September 4, 2008

Today's Question:

Why didn't the liberal form of sex education, that we have heard would have worked for Governor Palin's daughter by the nutty press and dems, work for John Edwards?

Secondary Question: How often does abstinence prove effective in preventing pregnancy?.....oh, I know, pick me. " Yes, Mr. Short" 100% of the time. You are correct.

Does Palin Put Indiana Out Of Reach For Obama?

Barack Obama was planning to campaign hard in Indiana. He was ready to spend millions to get the word out. He was setting up offices and hiring coordinators. But, that was before Governor Sarah Palin's rousing speech last night at the RNC. Real Clear Politics has the lead for McCain at 7%. Expect that number to climb as the leaners make a hard right turn. In fact, the entire heartland of America is bright red. The only questions left to be answered come from some traditional battleground states. The most important...Ohio. The Buckeye state boasts 20 electoral votes, which explains why the announcement of McCain's VP pick was staged there. This race is a dead heat and will be decided by voter turnout. Next is Michigan with 17 electoral votes. Another toss up. And then we have to talk about Pennsylvania where the latest polls show Obama up by 5%, but that was taken last week. A lot can change in a week and it certainly has for the GOP. Lastly is the Sunshine State. McCain has enjoyed a marginal lead there for the last month. With little bounce from the Democratic Convention, expect Florida to remain red and their 27 votes to put McCain over the top. It will remain a close race, with plenty of attacks and smears. One thing I believe we can take to the bank now is that Hoosiers will vote Republican once again in the presidential election. Obama will likely spend his money in the other states that were mentioned here. My hope is that the surge for McCain equates into added votes for Mike Sodrel.

Monday, September 1, 2008

Spotless Sun May Signal Global Cooling...

I can't even make this stuff up. Read this article about the coming global cooling and then sit back and wait for environmentalists to blame the whole thing on American corporations.

Here is the link: