Showing posts with label bailout. Show all posts
    Showing posts with label bailout. Show all posts

    Monday, December 08, 2008

    Odd - Or is it?

    Just perusing opensecrets.org:

    PRO-OBAMA Democrat Senator Dick Durbin:
    • Top 3rd contributor: Citigroup (same that Liberals gave your billions to)
    • Top industry contributor: Lawyers, Law Firms (over $2 million)
    • 2nd industry contributor: Securities & Investment firms
    PRO-OBAMA Democrat Senator Harry Reid
    • Top 4 contributors: Casinos
    • Top industry contributor: Lawyers, Law Firms (over $1.3 million)
    • 2nd industry contributor: Casinos/Gaming
    More:
    • In the top 40+ corporations that Congress people invested in, not 1 of the "Big 3" auto companies were present. If Congress doesn't invest their person $$$ in any of the American Auto companies why should they force Americans to with OUR tax money?

    • Seems like many Congressmen like John Kerry place personal investments in "Emerging Markets Funds" - in other words, they are staking their personal assets in growth outside of the USA - so it is in their best interest for US businesses to NOT do as well

    • Speaking of Senator Kerry, he bought lots of shares (over 1/2 million $) in Whole Foods Market - a non-union natural foods store (at least he has 1/2 a brain)

    • The Finance, Insurance, and Real Estate sector gave over $1 BILLION to Congress, majority to Democrats. Guess which business sector is getting OVER 100 TIMES their investment back to them under the disguise of bailouts!

    • The TOP 10 Richest Congress people? 7 are Democrats, 3 are Republicans. The richest is Jane Harman, PRO-OBAMA Democrat with a net worth of about half a BILLION. Those all bent out of shape that John McCain had > 1 house can stop worrying, since his name isn't found until way down on #25

    Monday, September 29, 2008

    Obamaization

    The core cause of the current financial situation was government pushing for minorities home ownership and backing bad loans with taxpayer money that government doesn't even have. Nowhere in this so-called bailout is there anything that stops this idiotic practice of socialism.

    Just this year we've had big government hand out cash - suppose to stimulate the economy - an absolute failure, because people had to spend their money on higher costs generated by this Liberal Democrat Congress, from government control of the oil industry to forced utilization of food grains as an alternative fuel - biofuel - to save the planet.

    We've had individual bail outs of certain banks and financial institutions - again, government's interference didn't help and if anything - caused situations to become worse.

    Want to know what Conservatives on both sides of the isle stripped from an early version of the Liberal Congress's bailout plan?
    • Provision to provide Pro-Obama unions and other Pro-Obama activist groups with proxy access for corporate boards
    • Provision to mandate shareholder votes on compensation issues (a Pro-Obama union priority)
    • Diversion of funds into a housing fund to support left-wing activist groups like ACORN (a Pro-Obama leftist sinkhole that takes in 40% of its revenues from American taxpayers - Barack Obama was an activist for ACORN!)
    • A provision to allow Pro-Obama trial judges to arbitrarily adjust mortgages, creating bonanza for trial lawyers
    • A provision to require the government to sell to state and local governments at a discount homes the government acquires as a result of foreclosure (and give them to "the needy")
    America is undergoing pains because the Liberal forces - the Pro-Obama forces - are fighting to set the stage for Barack Obama's Change We Need - which is nothing more than bigger government, socialism, and a union-dominated workforce.

    America is having cramps like anyone would have if they ingested something poisonous - all of these Obamaization forces are contrary to the very fabric of our Constitution.


    Wednesday, September 24, 2008

    The Great Liberal Failure

    Let's just be blunt - the Liberal program to distribute home ownership to those that couldn't afford it while backing those bad loans with the tax payer's money has failed.

    Their socialist experiment was simply one of their wealth distribution schemes - the type that Barack Obama strongly supports. It has fallen flat on it's face and into the wallets of the middle class of Americans.

    Then we have 2-faced politicians like Barack Obama pretending he was against this housing for the disenfranchised scheme and blaming it on the Bush Administration, while all along he directly benefited from this scam as well as all the other lawyers and hoodlums in DC.

    Barack Obama's "Change for America" will mean much more of this wealth distribution using the fist of BIG GOVERNMENT to shove it up the ass of America as a whole.

    This proposed bailout is nothing more than an attempt to salvage the investments the hoodlums in DC have lost, and does absolutely nothing for America as a country (except to accelerate our ruin) nor the American people (except to the eventual massive tax increases).

    Corporate welfare - plain and simple. $700 BILLION? That's just the start and don't think it won't grow because it will. How are these hoodlums going to pass this absurd fat-cat bail out? Use the good old FEAR FACTOR - it's worked in the past and can work again.

    As Ron Paul has said:

    The issue boils down to this: do we care about freedom?

    Do we care about responsibility and accountability?

    Do we care that our government and media have been bought and paid for?

    Do we care that average Americans are about to be looted in order to subsidize the fattest of cats on Wall Street and in government?

    Do we care?



    CNNMoney.com:

    Wall Street securities and investment firms have given over $35 million to Democratic candidates this election cycle. The amount they've given to the Clinton and Obama campaigns is nearly five times the amount they've given to McCain.



    Tuesday, September 23, 2008

    Of Barack Obama + The Disenfranchised

    Obama has more experience in the government-caused financial problems because he is part of the problem. As an attorney Barack Obama knows how to juggle and manipulate to achieve - NOT the country's objectives - but his own.

    In 2005, then interim-director of Fannie Mae Daniel Mudd gave a speech before the Congressional Black Causcus, of which Barack Obama was a member of and present at the speech.

    Mudd referred to the CBC as "family." Turns out, ONE of the "family" was on the payroll - namely Democrat< Barack Obama. Democrat< Barack Obama was SECOND in receiving political donations from Fannie Mae. Number 1 was Democrat Chris Dodd and number 3 was Democrat John Kerry.

    No wonder the Democrats BLOCKED oversight legislation targeting both Fannie Mae AND Freddie Mac.

    (2003) "These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis... The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

    Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee, Representative Melvin L. Watt, Democrat of North Carolina, agreed.

    "I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing" - Democrat Melvin Watt.

    Obama has long relations with Freddie Mac and Fannie Mae executives, and he has financially benefited from both of these companies.

    One of his friends, CEO of Fannie Mae, got a pay raise of 7% in 2007 - to $13.4 MILLION - while the company lost money and the country started to suffer the "housing crisis".

    Both of these companies were giving loans of the type Obama supports - home loans for megabuck to the "disenfranchised" that had bad credit, no jobs or weak jobs, and were just plain credit risks.

    Obama's insurance policy (and these two companies)? All of the bad risk loans were guaranteed by the taxpayers.

    So while a nation hurts Obama and his CEO buddies are sitt'n rather calm and happy (and richer).

    Note: Some of the above was copy/pasted from another site but I lost the URL so if it sounds familiar give me the URL and I'll add it in.