Friday, September 26, 2008

14 minutes to debate - tough week - food for thought

Who's MOST responsible for financial debacle?

Onion thinks Obama wants us to keep shit-jobs: (satire)

Obama Promises To Stop America's Shitty Jobs From Going Overseas

Ann Coulter: They Gave Your Mortgage to a Less Qualified Minority
On MSNBC this week, Newsweek's Jonathan Alter tried to connect John McCain to the current financial disaster, saying: "If you remember the Keating Five scandal that (McCain) was a part of. ... He's really getting a free ride on the fact that he was in the middle of the last great financial scandal in our country."

McCain was "in the middle of" the Keating Five case in the sense that he was "exonerated." The lawyer for the Senate Ethics Committee wanted McCain removed from the investigation altogether, but, as The New York Times reported: "Sen. McCain was the only Republican embroiled in the affair, and Democrats on the panel would not release him."

So John McCain has been held hostage by both the Viet Cong and the Democrats.

Alter couldn't be expected to know that: As usual, he was lifting material directly from Kausfiles. What is unusual was that he was stealing a random thought sent in by Kausfiles' mother, who, the day before, had e-mailed: "It's time to bring up the Keating Five. Let McCain explain that scandal away."


Michelle Malkin: Kill the bailout: More ACORN funding?! (vid link added)
Just heard from several readers that Lindsay Grahamnesty told Fox that the Mother of All Bailouts includes a reported $100 million more in funding for the left-wing housing entitlement thugs and heavily tax-subsidized fraudsters at ACORN. Under the original bailout proposal, apparently, a large portion of any repayment of the $700 billion would go to Barack Obama’s good friends at ACORN with a smaller allocation to debt repayment. Readers heard him say it was 20 percent.

Told you not to trust Hank Paulson.

And I repeat: Fiscal conservatives need to be looking out for us tonight as they try to ram this thing through with a plethora of goodies for liberal shakedown artists.


Some people were really pissed they couldn't short the financials and are forced to loose money by covering:

You'd think that bloggers telling us how bad it is would advocate some bail-out options, right? Wrong. This blogger was a supporter of Ron Paul, then moved to support Obama - while meticulously tracking everything wrong with the economy that should have and has failed:
MISH'S Global Economic Trend Analysis: Take Back America
It is time to take back America from Wall Street and return it to Main Street USA.

Treasury Secretary Paulson is attempting to ram down the throats of US taxpayers, a $700 billion bailout of Goldman Sachs (GS), JPMorgan (JPM), Citigroup (C), Morgan Stanley (MS) and other many other banks that participated in questionable if not fraudulent mortgage lending schemes.

Those corporations have padded their own pocketbooks and handed out billions of dollars in bonuses and stock options over the past few years, all based on mythical profits.

Now those same corporations are asking U.S. taxpayers to bail out their bad lending practices to the tune of $700 billion. No Deal!

Mad Rush To Judgment

This past week has been noting short of amazing. President Bush appeared before the nation stressing a sense of urgency. Paulson and Fed chairman Bernanke have done the same thing before Congress. Inquiring minds are asking "Why The Rush?"

The answer is simple: If people see the actual details of the proposal they will understand it is a bad deal for the taxpayer and a great deal for Wall Street.

It is the very same mad rush to judgment that kicked of the War in Iraq. Does anyone remember talk of "mushroom clouds"? Does anyone remember Dick Cheney saying "We know where they are"? This week we see the same action from Paulson and Bernanke.

The only difference is the message this time is about "financial mushroom clouds". The rush is needed because if anyone looked at the deal they could see taxpayers being left holding the bag.

Break In The Ranks

Tonight we see an unprecedented break in the ranks from current Fed Governor Richard Fisher who says Bank Rescue Plan Would Worsen Fiscal 'Chasm'.

It is not often a Fed governor tells the Fed chairman to go to hell. But that is what happened just tonight.

Former Fed Governor William Poole has stated "These are grand ideas that cannot be executed. There will be one stumbling block after another. I am very leery of jumping in with emergency measures like this."

House Speaker Nancy Pelosi Has sold You Down The River

Sadly, I must tell you that House Speaker Pelosi is standing behind Paulson and backing this absurd deal. See House Speaker Nancy Pelosi Sells Out

Please let her know what you think. Everyone in the country should Email Nancy Pelosi: Email Nancy Pelosi. If that email bounces, please try this one Email Nancy Pelosi.

Heck, please do both. Let her know how you really feel about her sellout to corporate interests on the taxpayer's back. Nancy Pelosi is Speaker of the House. She should take all of American voters interests in mind. She is failing to do so. Let her know. After you Email her please call her up. Here is here phone number (202) 225-4965. You might also want to try her district number (415) 556-4862.

Tell her it is time to scrap the Paulson Plan and start all over.

Barney Frank Is Another Sellout

Barney Frank, as Democrat, is head of the House Financial Services Committee. Ironically he has been the biggest cheerleader over the years of Fannie Mae and Freddie Mac. He also happens to be the biggest cheerleader of the Paulson plan.

Here are the phone numbers for Barney Frank.
Washington, DC 20515
tel: (202) 225-5931
fax: (202) 225-0182

Newton, MA 02458
tel: (617) 332-3920
fax: (617) 332-2822

tel: (508) 999-6462
fax: (508) 999-6468

Taunton, MA 02780
tel: (508) 822-4796
fax: (508) 822-8186

Please do yourself and the United States of America a big favor. All you have to do is pick up the phone. Tell him how disgusted you are with his sellout of America. Tell him it is time to scrap the Paulson Plan and start all over.


There's a lot more - good reading...

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