Monday, April 16, 2012
Obama`s Buffet Rule explained to Obama by ABC News.
And Obama is still too thick to understand what was just explained to him. What a HACK. http://www.youtube.com/watch?v=c4iy2OfScQE
Buffet Rule INCREASES the Deficit
Obama and ABC`s Charlie Gibson Capital
Gains Tax Exchange. 2008
GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, "I certainly would not go above what existed under Bill Clinton," which was 28 percent. It's now 15 percent. That's almost a doubling, if you went to 28 percent.
But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent.
OBAMA: Right.
GIBSON: And George Bush has taken it down to 15 percent.
OBAMA: Right.
GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.
So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
OBAMA: Well, Charlie, what I've said is that I would look at raising the capital gains tax for purposes of fairness.
From a 2008 Democratic presidential debate between Hillary Clinton and Barack Obama.
Spread the word.
Obama has ZERO interest in helping the economy or in raising revenues - just class warfare.
GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, "I certainly would not go above what existed under Bill Clinton," which was 28 percent. It's now 15 percent. That's almost a doubling, if you went to 28 percent.
But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent.
OBAMA: Right.
GIBSON: And George Bush has taken it down to 15 percent.
OBAMA: Right.
GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.
So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
OBAMA: Well, Charlie, what I've said is that I would look at raising the capital gains tax for purposes of fairness.
From a 2008 Democratic presidential debate between Hillary Clinton and Barack Obama.
Spread the word.
Obama has ZERO interest in helping the economy or in raising revenues - just class warfare.
Saturday, March 17, 2012
God and the Environmentalists
God and the Environmentalists
IN THE BEGINNING, GOD CREATED HEAVEN AND EARTH...
He was then faced with a class action lawsuit for failing to file an environmental impact statement from HEPA (Heavenly Environmental Protection Agency), an angelically staffed agency dedicated to keeping the universe pollution free.
God was granted a temporary permit for the heavenly portion of the project, but was issued a cease and desist order on the earthly portion of the project, pending further investigation by HEPA. Upon completion of His construction permit and environmental impact statement, God appeared before HEPA council to answer some questions. When asked why He began these projects in the first place, He simply replied that He liked to be creative. This was not considered an adequate reason and He was required to substantiate this further.
HEPA was unable to see any practical use for earth anyway, since "the earth was void and empty and darkness was on the face of the deep." Then God said, "Let there be Light."
He should never have brought up this point, since one member of the Council was active in the Sierrangel Club and immediately protested, asking how the Light was to be made. Would there be strip mining? Air Pollution? God explained that the Light would come from a huge ball of fire.
Nobody on the council really understood this, but it was provisionally accepted, assuming 1) that there would be no smog or smoke resulting from the burning; 2) a separate burning permit would be required; and 3) since continuous light would be a waste of energy, it should be dark half of the time. So God agreed to divide the Light and the Darkness and He would call the Light Day and the Darkness Night. (The Council expressed no interest in in-house semantics.)
When asked how the earth would be covered, God said, "Let there be firmament made amidst the waters; and let it divide the waters from the waters." One ecologically radical Council member accused Him of double talk, but the Council tabled action since God would have to first file for a permit from the ABLM (Angelic Bureau of Land Management) and further would be required to
obtain water permits from the appropriate agencies involved.
The council asked if there would only be water and firmament, and God said, "Let the earth bring forth the green herb, and such as may seed, and the fruit tree yielding after its own kind, which may have seen itself upon the earth." The Council agreed as long as native seed would be used. About future development God also said, "Let the waters bring forth the creeping creature having life, and the fowl that may fly over the earth." Here again, the Council took no formal action since this would require approval of the Fish and Game Commission coordinated with the Heavenly Wildlife Federation and the Audobonangelic Society.
It then appeared the everything was in order until God stated that He wanted to complete the project in six days. At this time He was advised by the Council that his timing was was completely out of the question...HEPA would require a minimum of 180 days to review the application and environmental impact statement, and then there would be public hearings. It would take 10 to 12 months before a permit would be granted.
God said, "To Hell with it!"
IN THE BEGINNING, GOD CREATED HEAVEN AND EARTH...
He was then faced with a class action lawsuit for failing to file an environmental impact statement from HEPA (Heavenly Environmental Protection Agency), an angelically staffed agency dedicated to keeping the universe pollution free.
God was granted a temporary permit for the heavenly portion of the project, but was issued a cease and desist order on the earthly portion of the project, pending further investigation by HEPA. Upon completion of His construction permit and environmental impact statement, God appeared before HEPA council to answer some questions. When asked why He began these projects in the first place, He simply replied that He liked to be creative. This was not considered an adequate reason and He was required to substantiate this further.
HEPA was unable to see any practical use for earth anyway, since "the earth was void and empty and darkness was on the face of the deep." Then God said, "Let there be Light."
He should never have brought up this point, since one member of the Council was active in the Sierrangel Club and immediately protested, asking how the Light was to be made. Would there be strip mining? Air Pollution? God explained that the Light would come from a huge ball of fire.
Nobody on the council really understood this, but it was provisionally accepted, assuming 1) that there would be no smog or smoke resulting from the burning; 2) a separate burning permit would be required; and 3) since continuous light would be a waste of energy, it should be dark half of the time. So God agreed to divide the Light and the Darkness and He would call the Light Day and the Darkness Night. (The Council expressed no interest in in-house semantics.)
When asked how the earth would be covered, God said, "Let there be firmament made amidst the waters; and let it divide the waters from the waters." One ecologically radical Council member accused Him of double talk, but the Council tabled action since God would have to first file for a permit from the ABLM (Angelic Bureau of Land Management) and further would be required to
obtain water permits from the appropriate agencies involved.
The council asked if there would only be water and firmament, and God said, "Let the earth bring forth the green herb, and such as may seed, and the fruit tree yielding after its own kind, which may have seen itself upon the earth." The Council agreed as long as native seed would be used. About future development God also said, "Let the waters bring forth the creeping creature having life, and the fowl that may fly over the earth." Here again, the Council took no formal action since this would require approval of the Fish and Game Commission coordinated with the Heavenly Wildlife Federation and the Audobonangelic Society.
It then appeared the everything was in order until God stated that He wanted to complete the project in six days. At this time He was advised by the Council that his timing was was completely out of the question...HEPA would require a minimum of 180 days to review the application and environmental impact statement, and then there would be public hearings. It would take 10 to 12 months before a permit would be granted.
God said, "To Hell with it!"
Thursday, March 15, 2012
12 REASONS TO VOTE DEMOCRAT
12 REASONS TO VOTE DEMOCRAT
When your family or friends cannot explain why they voted Democrat, give them this list. Then they can pick a reason from this "TOP 12"...
1. I voted Democrat because I believe oil company's profits of 4% on a... gallon of gas are obscene, but the government taxing the same gallon of gas at 15% isn't.
2. I voted Democrat because I believe the government will do a better job of spending the money I earn than I would.
3. I voted Democrat because Freedom of Speech is fine as long as nobody is offended by it.
4. I voted Democrat because I'm too irresponsible to own a gun, and I know my local police are all I need to protect me from murderers and thieves.
5. I voted Democrat because I believe that people who can't tell us if it will rain on Friday can tell us that the polar ice caps will melt away in ten years if I don't start driving a Prius.
6. I voted Democrat because I'm not concerned about millions of babies being aborted so long as we keep all death row inmates alive.
7. I voted Democrat because I think illegal aliens have a right to free health care, education and Social Security benefits, and we should take away Social Security from those who paid into it.
8. I voted Democrat because I believe that business should not be allowed to make profits for themselves. They need to break even and give the rest to the government for redistribution as they see fit.
9. I voted Democrat because I believe liberal judges need to rewrite the Constitution every few days to suit some fringe organization who would never get their agenda past the voters.
10.. I voted Democrat because I think that it is better to pay billions to people who hate us for their oil, but not drill our own because it might upset some endangered beetle, gopher or fish.
11. I voted Democrat because while we live in the greatest, most wonderful country in the world, I was promised "HOPE AND CHANGE".
12. I voted Democrat because my head is so firmly planted up my ass, it's unlikely that I'll ever have another point of view
When your family or friends cannot explain why they voted Democrat, give them this list. Then they can pick a reason from this "TOP 12"...
1. I voted Democrat because I believe oil company's profits of 4% on a... gallon of gas are obscene, but the government taxing the same gallon of gas at 15% isn't.
2. I voted Democrat because I believe the government will do a better job of spending the money I earn than I would.
3. I voted Democrat because Freedom of Speech is fine as long as nobody is offended by it.
4. I voted Democrat because I'm too irresponsible to own a gun, and I know my local police are all I need to protect me from murderers and thieves.
5. I voted Democrat because I believe that people who can't tell us if it will rain on Friday can tell us that the polar ice caps will melt away in ten years if I don't start driving a Prius.
6. I voted Democrat because I'm not concerned about millions of babies being aborted so long as we keep all death row inmates alive.
7. I voted Democrat because I think illegal aliens have a right to free health care, education and Social Security benefits, and we should take away Social Security from those who paid into it.
8. I voted Democrat because I believe that business should not be allowed to make profits for themselves. They need to break even and give the rest to the government for redistribution as they see fit.
9. I voted Democrat because I believe liberal judges need to rewrite the Constitution every few days to suit some fringe organization who would never get their agenda past the voters.
10.. I voted Democrat because I think that it is better to pay billions to people who hate us for their oil, but not drill our own because it might upset some endangered beetle, gopher or fish.
11. I voted Democrat because while we live in the greatest, most wonderful country in the world, I was promised "HOPE AND CHANGE".
12. I voted Democrat because my head is so firmly planted up my ass, it's unlikely that I'll ever have another point of view
Sunday, March 11, 2012
Tuesday, February 28, 2012
The REAL State of the Union!
The unemployment rate when Mr. Obama was elected was 6.8 percent; today it is 8.5 percent — at least that’s the official number. In reality, the Financial Times writes, “if the same number of people were seeking work today as in 2007, the jobless rate would be 11 percent.” The CBO said last week that real time unemployment is over 15%...
In addition, there are now fewer payroll jobs in America than there were in 2000 — 12 years ago — and now, 40 percent of those jobs are considered “low paying,” up 10 percent from when President Reagan took office. The number of self-employed has dropped 2 million to 14.5 million in just six years.
Regular gasoline per gallon cost $1.68 in January 2009. Today, it’s $3.59 — that’s a 112 percent increase in just three years. (By the way, if you’re keeping score at home, gas was $1.40 a gallon when George W. Bush took office in 2001, $1.68 when he left office — a 20 percent increase.)
Electricity bills have also skyrocketed, with households now paying a record $1,420 annually on average, up some $300.
Some 48 percent of all Americans — 146.4 million — are considered by the Census Bureau either as “low-income” or living in poverty, up 4 million from when Mr. Obama took office; 57 percent of all children in America now live in such homes.
Since December 2008, a month before Mr. Obama took office, food-stamp use has increased 46 percent. Total spending has more than doubled in just four years to a record high of $75 billion. In 2011, more than 46 million people — about one in seven Americans — got food stamps. That’s 14 million more than when Mr. Obama took office.
Median household income has dropped nearly 7 percent in the last six years, taking inflation into account. What’s more, nearly 20 percent of males age 25 to 34 now live with their parents.
Low- and middle-income Americans 65 and older now hold more than $10,000 in credit card debt, up 26 percent since 2005. The average age of the American car is 10 years; in 1990, it was 6.5 years old (by the way, in 1985, Americans bought 11 million cars; in 2009, less than half that, 5.4 million).
On the macro side, America’s annual budget has jumped to $3.8 trillion — and yet the United States brings in only about $2.1 trillion in revenue. The U.S. trade deficit for 2011 was $558 billion. America’s total public debt stands at $15.23 trillion; in January 2009, the debt was $10.62 trillion. Mr. Obama is on pace to borrow $6.2 trillion in just one term — more debt than was amassed by all presidents from Washington through Bill Clinton combined. The debt is rising by $4.2 billion every day — $175 million per hour, nearly $3 million per minute.
So, America, that is the State of Your Union. But remember, Mr. Obama had not one thing to do with it. So don’t blame him when you go to the polls. Blame everyone else, especially yourself.
In addition, there are now fewer payroll jobs in America than there were in 2000 — 12 years ago — and now, 40 percent of those jobs are considered “low paying,” up 10 percent from when President Reagan took office. The number of self-employed has dropped 2 million to 14.5 million in just six years.
Regular gasoline per gallon cost $1.68 in January 2009. Today, it’s $3.59 — that’s a 112 percent increase in just three years. (By the way, if you’re keeping score at home, gas was $1.40 a gallon when George W. Bush took office in 2001, $1.68 when he left office — a 20 percent increase.)
Electricity bills have also skyrocketed, with households now paying a record $1,420 annually on average, up some $300.
Some 48 percent of all Americans — 146.4 million — are considered by the Census Bureau either as “low-income” or living in poverty, up 4 million from when Mr. Obama took office; 57 percent of all children in America now live in such homes.
Since December 2008, a month before Mr. Obama took office, food-stamp use has increased 46 percent. Total spending has more than doubled in just four years to a record high of $75 billion. In 2011, more than 46 million people — about one in seven Americans — got food stamps. That’s 14 million more than when Mr. Obama took office.
Median household income has dropped nearly 7 percent in the last six years, taking inflation into account. What’s more, nearly 20 percent of males age 25 to 34 now live with their parents.
Low- and middle-income Americans 65 and older now hold more than $10,000 in credit card debt, up 26 percent since 2005. The average age of the American car is 10 years; in 1990, it was 6.5 years old (by the way, in 1985, Americans bought 11 million cars; in 2009, less than half that, 5.4 million).
On the macro side, America’s annual budget has jumped to $3.8 trillion — and yet the United States brings in only about $2.1 trillion in revenue. The U.S. trade deficit for 2011 was $558 billion. America’s total public debt stands at $15.23 trillion; in January 2009, the debt was $10.62 trillion. Mr. Obama is on pace to borrow $6.2 trillion in just one term — more debt than was amassed by all presidents from Washington through Bill Clinton combined. The debt is rising by $4.2 billion every day — $175 million per hour, nearly $3 million per minute.
So, America, that is the State of Your Union. But remember, Mr. Obama had not one thing to do with it. So don’t blame him when you go to the polls. Blame everyone else, especially yourself.
Vetting Obama. Something the Media Did Not do in 2008.
His mother was an unabashed hippie from 1960s central casting. His father was an openly avowed Communist from Kenya. While his father wasn't around much, his devoutly progressive grandparents arranged for him to be mentored during his adolescent years by a dues paying member of the U.S. Communist Party, Frank Marshall Davis.
When he went to college, he was attracted to the Marxist professors and student activists, according to his own published memoirs. When he graduated, he moved to Chicago and became an instructor for the left-wing extremist organization ACORN in the social manipulation methods of radical Marxist agitator Saul Alinsky. He attended for close to two decades the Trinity United Church of Christ, which practiced neo-Marxist Black Liberation Theology. That church was headed during those years by the openly socialist Rev. Jeremiah Wright, who declared that the 9/11 terrorist attack on America was "America's chickens coming home to roost." He also famously preached from his pulpit, "Not God bless America, God damn America...."
He launched his political career in the living room of the home of Bill Ayers and Bernardine Dohrn, co-founders and former leaders of the openly Communist domestic terrorist organization, the Weather Underground. That organization conducted several bombings in America and engaged in other violence that resulted in several injuries and even deaths.
All of this is documented in the public record. This is the man the Democrat party took off the streets of Chicago, then pursuing a career as a Marxist street agitator, and launched into the White House, favoring him over Hillary Clinton because she was too moderate for the party. They did that because he best reflects the heart and soul of today's radical-left, Che Guevara Democratic Party.
When he went to college, he was attracted to the Marxist professors and student activists, according to his own published memoirs. When he graduated, he moved to Chicago and became an instructor for the left-wing extremist organization ACORN in the social manipulation methods of radical Marxist agitator Saul Alinsky. He attended for close to two decades the Trinity United Church of Christ, which practiced neo-Marxist Black Liberation Theology. That church was headed during those years by the openly socialist Rev. Jeremiah Wright, who declared that the 9/11 terrorist attack on America was "America's chickens coming home to roost." He also famously preached from his pulpit, "Not God bless America, God damn America...."
He launched his political career in the living room of the home of Bill Ayers and Bernardine Dohrn, co-founders and former leaders of the openly Communist domestic terrorist organization, the Weather Underground. That organization conducted several bombings in America and engaged in other violence that resulted in several injuries and even deaths.
All of this is documented in the public record. This is the man the Democrat party took off the streets of Chicago, then pursuing a career as a Marxist street agitator, and launched into the White House, favoring him over Hillary Clinton because she was too moderate for the party. They did that because he best reflects the heart and soul of today's radical-left, Che Guevara Democratic Party.
Affordable Social Housing
Prices fell in 18 of 20 US cities in final months of 2011, prices back to 2002 level
When home prices reach 1995 levels, this is where we will see them level off. We still have a ways to go. Why 1995? Well that`s when Government FORCED the banks to open up billions of dollars a year in new credit to millions of Americans who previously did not qualify for credit or the start of the Affordable Social Housing mortgage foreclosure crisis which was - and still is the root cause of this recession. Affordable Social Housing was Championed by Affordable Social Democrats in Congress leading up to the bust in `08.
April 2001: The Bush Administration's FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity." (2002 Budget Analytic Perspectives, pg. 142)
September 2003: Then-House Financial Services Committee Ranking Member Barney Frank (D-MA) strongly disagrees with the Administration's assessment, saying "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." (Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," The New York Times, 9/11/03)
July 2005: Then-Minority Leader Harry Reid rejects legislation reforming GSEs, "while I favor improving oversight by our federal housing regulators to ensure safety and soundness, we cannot pass legislation that could limit Americans from owning homes and potentially harm our economy in the process." ("Dems Rip New Fannie Mae Regulatory Measure," United Press International, 7/28/05)
August 2007: Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd ignores the President's warnings and calls on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," The New York Times, 8/11/07)
September 2008: Democrats in Congress forget their previous objections to GSE reforms, as Senator Dodd questions "why weren't we doing more, why did we wait almost a year before there were any significant steps taken to try to deal with this problem? … I have a lot of questions about where was the administration over the last eight years." (Dawn Kopecki, "Fannie Mae, Freddie 'House Of Cards' Prompts Takeover," Bloomberg, 9/9/08)
http://finance.yahoo.com/news/home-prices-fell-december-most-140231740.html
When home prices reach 1995 levels, this is where we will see them level off. We still have a ways to go. Why 1995? Well that`s when Government FORCED the banks to open up billions of dollars a year in new credit to millions of Americans who previously did not qualify for credit or the start of the Affordable Social Housing mortgage foreclosure crisis which was - and still is the root cause of this recession. Affordable Social Housing was Championed by Affordable Social Democrats in Congress leading up to the bust in `08.
April 2001: The Bush Administration's FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity." (2002 Budget Analytic Perspectives, pg. 142)
September 2003: Then-House Financial Services Committee Ranking Member Barney Frank (D-MA) strongly disagrees with the Administration's assessment, saying "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." (Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," The New York Times, 9/11/03)
July 2005: Then-Minority Leader Harry Reid rejects legislation reforming GSEs, "while I favor improving oversight by our federal housing regulators to ensure safety and soundness, we cannot pass legislation that could limit Americans from owning homes and potentially harm our economy in the process." ("Dems Rip New Fannie Mae Regulatory Measure," United Press International, 7/28/05)
August 2007: Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd ignores the President's warnings and calls on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," The New York Times, 8/11/07)
September 2008: Democrats in Congress forget their previous objections to GSE reforms, as Senator Dodd questions "why weren't we doing more, why did we wait almost a year before there were any significant steps taken to try to deal with this problem? … I have a lot of questions about where was the administration over the last eight years." (Dawn Kopecki, "Fannie Mae, Freddie 'House Of Cards' Prompts Takeover," Bloomberg, 9/9/08)
http://finance.yahoo.com/news/home-prices-fell-december-most-140231740.html
Wednesday, January 11, 2012
Root cause of the recession
Affordable Social Housing and the root cause of the recession.
Guess who said that "subprime lending started off as a good idea — helping Americans buy homes who couldn’t previously afford to. Financial institutions created new financial instruments that could securitize these loans, slice them into finer and finer risk categories and spread them out among investors around the country and around the world. In theory, this should have allowed mortgage lending to be less risky and more diversified."
Senator Barack Obama in 2007.
Before 1995, when you borrowed money for a house or a car or even a credit card, you actually had to qualify. In most cases you even had to put a downpayment down as collateral. The idea was, and a good idea it was, if you borrowed hard earned money then you should be in the boat with the bank - with your own hard earned money. This common sense approach worked well for generations of Americans and for some all around the world.
Well the Liberals didn`t like this cornerstone of capitalism. They didn`t think that credit checks or actually having to qualify was "fair." They forced all US banks to open credit to anybody and everybody and all you had to have was a pulse. No credit checks. Just a pulse.
http://clinton6.nara.gov/
Did it work? Yes, for a while. They handed out trillions of dollars and amazingly enough, economies everywhere boomed. But something went wrong. Too many people who never should have qualified began defaulting on all sorts of loans. Mostly mortgages. Banks collapsed. Enter the bailouts. Government moving policy away from capitalism to trickle up - spread the wealth without actually earning it Affordable Social Housing. No Government including the US Government should have the power to do what it did to our banks. To force them into bankruptcy. What it did to our economy. To the worlds economy.
I said this three years ago and I`ll say it again. Electing Barack Obama the Community Organizer preaching "spread the wealth" to fix the Affordable Social Housing mortgage foreclosure crisis mess was like hiring an arsonist to put out a fire. Government spreading the wealth caused this worldwide recession. Obama is simply doing the same things that went wrong in the first place. My Country as I know it may never survive the Liberals. They attacked our banks and Wall Street wit Affordable Social Housing. Under Obama, they are attacking all other US businesses. We had over 40,000 new regulations coast to coast attacking businesses that went into law Jan 1, 2012. And it`s nothing new. They have been attacking businesses and workers for years, decade. One of my employees just yesterday was handed down a $3,000 fine by the big new city of Atlanta EPA. A truck driver. Can he afford this? No.
Government is the problem. And Obama is growing Government like nothing we`ve ever seen before here.
Guess who said that "subprime lending started off as a good idea — helping Americans buy homes who couldn’t previously afford to. Financial institutions created new financial instruments that could securitize these loans, slice them into finer and finer risk categories and spread them out among investors around the country and around the world. In theory, this should have allowed mortgage lending to be less risky and more diversified."
Senator Barack Obama in 2007.
Before 1995, when you borrowed money for a house or a car or even a credit card, you actually had to qualify. In most cases you even had to put a downpayment down as collateral. The idea was, and a good idea it was, if you borrowed hard earned money then you should be in the boat with the bank - with your own hard earned money. This common sense approach worked well for generations of Americans and for some all around the world.
Well the Liberals didn`t like this cornerstone of capitalism. They didn`t think that credit checks or actually having to qualify was "fair." They forced all US banks to open credit to anybody and everybody and all you had to have was a pulse. No credit checks. Just a pulse.
http://clinton6.nara.gov/
Did it work? Yes, for a while. They handed out trillions of dollars and amazingly enough, economies everywhere boomed. But something went wrong. Too many people who never should have qualified began defaulting on all sorts of loans. Mostly mortgages. Banks collapsed. Enter the bailouts. Government moving policy away from capitalism to trickle up - spread the wealth without actually earning it Affordable Social Housing. No Government including the US Government should have the power to do what it did to our banks. To force them into bankruptcy. What it did to our economy. To the worlds economy.
I said this three years ago and I`ll say it again. Electing Barack Obama the Community Organizer preaching "spread the wealth" to fix the Affordable Social Housing mortgage foreclosure crisis mess was like hiring an arsonist to put out a fire. Government spreading the wealth caused this worldwide recession. Obama is simply doing the same things that went wrong in the first place. My Country as I know it may never survive the Liberals. They attacked our banks and Wall Street wit Affordable Social Housing. Under Obama, they are attacking all other US businesses. We had over 40,000 new regulations coast to coast attacking businesses that went into law Jan 1, 2012. And it`s nothing new. They have been attacking businesses and workers for years, decade. One of my employees just yesterday was handed down a $3,000 fine by the big new city of Atlanta EPA. A truck driver. Can he afford this? No.
Government is the problem. And Obama is growing Government like nothing we`ve ever seen before here.
Wednesday, December 21, 2011
The Washington Times
HURT: Deflecting blame for tax-cut logjam
Democrats finally find a tax cut they can abide, and so both sides agree to extend it. But just as they are about to partake in the bipartisan peace pipe a few days before Christmas, Congress promptly grinds to a squabbling halt threatening a $1,000-tax increase for workers and the evaporation of unemployment benefits for those out of work.
Merry freaking Christmas, American people!
And then when it comes to explaining themselves, Democrats walk out with straight faces and blame - who else? - the tea party.
Yes, that would be that pernicious group of fed-up voters who banded together around the single premise that taxes were too high. Not too low, but too high. And so now, according to Democrats, they want to raise your taxes.
“Here we are, just a few days before Christmas, and the Republicans are just coming up with another excuse,” House Democratic leader Nancy Pelosi told her liberal cohorts in the press. “It’s just the ridiculous tea party Republicans who are holding up this tax cut for the American people and jeopardizing economic growth.”
The three ways you know Nancy Pelosi is lying here are that she pays homage to “economic growth,” a “tax cut” and “Christmas” - all three of which her political career has been dedicated to destroying.
Yet in every corner on Capitol Hill, you hear this same absurd canard about how the tea party is somehow to blame for a looming tax increase. And the ever-adoring press obediently shovels it around for widespread consumption.
But wait! The vast majority of tea partiers in Congress actually voted in favor of extending this tax cut. In the Republican-controlled House, they overwhelmingly supported the bill to extend the tax cut for a year. The Democrat-controlled Senate, meanwhile, approved a bill to extend the tax cut for only two months.
So the tea party supports a 12-month extension, Democrats want a two-month extension, therefore the tea party wants to kill this tax cut. Only in Washington and only among liars.
The truth is that, in a very rare accomplishment, the Senate approved a measly two-month extension of the tax cut. Then they high-tailed it out of town for holiday vacations in far-flung places.
Calling them back to town to properly extend the tax cut for at least one full tax year would interrupt their sunny vacations and quite likely lead to yet another giant failure by Senate Majority Leader Harry Reid, Nevada Democrat.
It is moments like this that voters turn to the White House for leadership. President Obama may be miserably incapable of leading the country, but at least he might be able to show a little leadership among his own party in Congress. And he could be the hero who stopped a big tax increase and saved millions from losing unemployment insurance for the holidays.
But don’t count on it. White House spinners are too busy blaming the “tea party revolt” for raising your taxes.
http://www.washingtontimes.com/news/2011/dec/20/deflecting-blame-for-tax-cut-logjam/
HURT: Deflecting blame for tax-cut logjam
Democrats finally find a tax cut they can abide, and so both sides agree to extend it. But just as they are about to partake in the bipartisan peace pipe a few days before Christmas, Congress promptly grinds to a squabbling halt threatening a $1,000-tax increase for workers and the evaporation of unemployment benefits for those out of work.
Merry freaking Christmas, American people!
And then when it comes to explaining themselves, Democrats walk out with straight faces and blame - who else? - the tea party.
Yes, that would be that pernicious group of fed-up voters who banded together around the single premise that taxes were too high. Not too low, but too high. And so now, according to Democrats, they want to raise your taxes.
“Here we are, just a few days before Christmas, and the Republicans are just coming up with another excuse,” House Democratic leader Nancy Pelosi told her liberal cohorts in the press. “It’s just the ridiculous tea party Republicans who are holding up this tax cut for the American people and jeopardizing economic growth.”
The three ways you know Nancy Pelosi is lying here are that she pays homage to “economic growth,” a “tax cut” and “Christmas” - all three of which her political career has been dedicated to destroying.
Yet in every corner on Capitol Hill, you hear this same absurd canard about how the tea party is somehow to blame for a looming tax increase. And the ever-adoring press obediently shovels it around for widespread consumption.
But wait! The vast majority of tea partiers in Congress actually voted in favor of extending this tax cut. In the Republican-controlled House, they overwhelmingly supported the bill to extend the tax cut for a year. The Democrat-controlled Senate, meanwhile, approved a bill to extend the tax cut for only two months.
So the tea party supports a 12-month extension, Democrats want a two-month extension, therefore the tea party wants to kill this tax cut. Only in Washington and only among liars.
The truth is that, in a very rare accomplishment, the Senate approved a measly two-month extension of the tax cut. Then they high-tailed it out of town for holiday vacations in far-flung places.
Calling them back to town to properly extend the tax cut for at least one full tax year would interrupt their sunny vacations and quite likely lead to yet another giant failure by Senate Majority Leader Harry Reid, Nevada Democrat.
It is moments like this that voters turn to the White House for leadership. President Obama may be miserably incapable of leading the country, but at least he might be able to show a little leadership among his own party in Congress. And he could be the hero who stopped a big tax increase and saved millions from losing unemployment insurance for the holidays.
But don’t count on it. White House spinners are too busy blaming the “tea party revolt” for raising your taxes.
http://www.washingtontimes.com/news/2011/dec/20/deflecting-blame-for-tax-cut-logjam/
Saturday, December 17, 2011
Jobs bills collecting dust on Harry Reid`s desk!
Someone asked: "Where are the jobs bills from the House?"
The jobs bills already passed by the House are stuck on Harry Reid`s desk collecting dust.
Empower Small Business Owners
Small business owners are being bogged down by burdensome regulations from Washington that prevent job creation and hinder economic growth. We must remove onerous regulations that are redundant, harm small businesses, and impede private sector investment and job creation.
Review of Federal Regulations
H.Res. 72 - Passed by the House (391-28) on February 11, 2011
Reducing Regulatory Burdens Act
H.R. 872 - Senate has taken no action to date
Energy Tax Prevention Act
H.R. 910 - Senate has taken no action to date
Disapproval of FCC's Net Neutrality Regulations
H.J.Res. 37 - Senate has blocked a companion measure by a vote of 46-52
Clean Water Cooperative Federalism Act
H.R. 2018 - Senate has taken no action to date
Consumer Financial Protection & Soundness Improvement Act
H.R. 1315 - Senate has taken no action to date
Protecting Jobs from Government Interference Act
H.R. 2587 - Senate has taken no action to date
Transparency in Regulatory Analysis of Impacts on The Nation
H.R. 2401 - Senate has taken no action to date
Cement Sector Regulatory Relief Act
H.R. 2681 - Senate has taken no action to date
EPA Regulatory Relief Act
H.R. 2250 - Senate has taken no action to date
Coal Residuals Reuse and Management Act
H.R. 2273 - Senate has taken no action to date
Workforce Democracy and Fairness Act
H.R. 3094 - Senate has taken no action to date
Regulatory Accountability Act
H.R. 3010 - Senate has taken no action to date
Regulatory Flexibility Improvements Act
H.R. 527 - Senate has taken no action to date
REINS Act
H.R. 10 - Senate has taken no action to date
Farm Dust Regulation Prevention Act
H.R. 1633 - Senate has taken no action to date
Fix The Tax Code To Help Job Creators
America’s tax code has grown too complicated and cumbersome. We need a tax code that is flatter, fairer, and simpler to ensure that everyone pays their fair share, lessen the burden on families, generate economic expansion, and create jobs by making America more competitive.
Small Business Paperwork Mandate Elimination Act
H.R. 4 - Signed into law by the President on April 14, 2011
3% Withholding Rule Repeal
H.R. 674 - Signed into law by the President on November 21, 2011
Middle Class Tax Relief and Job Creation Act
H.R. 3630 - Senate has taken no action to date
Increase Competitiveness for U.S. Manufacturers
The more that American businesses export, the more they produce. The more businesses produce, the more workers they need. This means job creation. Expanding market access for U.S. made products will be a shot in the arm for businesses small and large and will create jobs.
U.S.-Colombia Trade Promotion Agreement Implementation Act
H.R. 3078 - Signed by the Preisdent on October 21, 2011
U.S.-Panama Trade Promotion Agreement Implementation Act
H.R. 3079 - Signed by the Preisdent on October 21, 2011
U.S.-Korea Free Trade Agreement Implementation Act
H.R. 3080 - Signed by the Preisdent on October 21, 2011
Southeast Arizona Resource Utilization & Conservation Act
H.R. 1904 - Senate has taken no action to date
Encourage Entrepreneurship and Growth
America has historically been on the cutting edge of innovation and technological development, but we are increasingly falling behind our global competitors. We must make it easier for existing businesses to grow and allow more start-up companies to flourish.
The America Invents Act
H.R. 1249 - Signed into law by the President on September 16, 2011
Veterans Opportunity to Work Act
H.R. 2433 - Signed into law by the President on November 21, 2011
Small Company Capital Formation Act
H.R. 1070 - Senate has taken no action to date
Small Banks' Access to Capital Act
H.R. 1965 - Senate has taken no action to date
Entrepreneur Access to Capital Act
H.R. 2930 - Senate has taken no action to date
Access to Capital for Job Creators Act
H.R. 2940 - Senate has taken no action to date
Fairness for High-Skilled Immigrants Act
H.R. 3012 - Senate has taken no action to date
Maximize Domestic Energy Production
The energy sector is crucial to our economic growth, and high energy costs have a major impact on job creation. We need policies that allow us to harness our abundant supply of natural resources in America, develop new sources of energy, and create jobs here at home.
Restarting American Offshore Leasing Now Act
H.R. 1230 - Senate has taken no action to date
Putting the Gulf of Mexico Back to Work Act
H.R. 1229 - Senate has taken no action to date
Reversing President Obama’s Offshore Moratorium Act
H.R. 1231 - Senate has taken no action to date
Jobs and Energy Permitting Act of 2011
H.R. 2021 - Senate has taken no action to date
North American-Made Energy Security Act
H.R. 1938 - Senate has taken no action to date
Pay Down America's Unsustainable Debt Burden
The federal government is spending and borrowing so much that the United States will soon go broke. Washington’s spending binge has put our nation in debt, eroded economic confidence, and caused massive uncertainty for private sector job creators. It's time to live within our means.
Budget for Fiscal Year 2012
H.Con.Res. 34 - Senate has not yet considered a budget of its own
The jobs bills already passed by the House are stuck on Harry Reid`s desk collecting dust.
Empower Small Business Owners
Small business owners are being bogged down by burdensome regulations from Washington that prevent job creation and hinder economic growth. We must remove onerous regulations that are redundant, harm small businesses, and impede private sector investment and job creation.
Review of Federal Regulations
H.Res. 72 - Passed by the House (391-28) on February 11, 2011
Reducing Regulatory Burdens Act
H.R. 872 - Senate has taken no action to date
Energy Tax Prevention Act
H.R. 910 - Senate has taken no action to date
Disapproval of FCC's Net Neutrality Regulations
H.J.Res. 37 - Senate has blocked a companion measure by a vote of 46-52
Clean Water Cooperative Federalism Act
H.R. 2018 - Senate has taken no action to date
Consumer Financial Protection & Soundness Improvement Act
H.R. 1315 - Senate has taken no action to date
Protecting Jobs from Government Interference Act
H.R. 2587 - Senate has taken no action to date
Transparency in Regulatory Analysis of Impacts on The Nation
H.R. 2401 - Senate has taken no action to date
Cement Sector Regulatory Relief Act
H.R. 2681 - Senate has taken no action to date
EPA Regulatory Relief Act
H.R. 2250 - Senate has taken no action to date
Coal Residuals Reuse and Management Act
H.R. 2273 - Senate has taken no action to date
Workforce Democracy and Fairness Act
H.R. 3094 - Senate has taken no action to date
Regulatory Accountability Act
H.R. 3010 - Senate has taken no action to date
Regulatory Flexibility Improvements Act
H.R. 527 - Senate has taken no action to date
REINS Act
H.R. 10 - Senate has taken no action to date
Farm Dust Regulation Prevention Act
H.R. 1633 - Senate has taken no action to date
Fix The Tax Code To Help Job Creators
America’s tax code has grown too complicated and cumbersome. We need a tax code that is flatter, fairer, and simpler to ensure that everyone pays their fair share, lessen the burden on families, generate economic expansion, and create jobs by making America more competitive.
Small Business Paperwork Mandate Elimination Act
H.R. 4 - Signed into law by the President on April 14, 2011
3% Withholding Rule Repeal
H.R. 674 - Signed into law by the President on November 21, 2011
Middle Class Tax Relief and Job Creation Act
H.R. 3630 - Senate has taken no action to date
Increase Competitiveness for U.S. Manufacturers
The more that American businesses export, the more they produce. The more businesses produce, the more workers they need. This means job creation. Expanding market access for U.S. made products will be a shot in the arm for businesses small and large and will create jobs.
U.S.-Colombia Trade Promotion Agreement Implementation Act
H.R. 3078 - Signed by the Preisdent on October 21, 2011
U.S.-Panama Trade Promotion Agreement Implementation Act
H.R. 3079 - Signed by the Preisdent on October 21, 2011
U.S.-Korea Free Trade Agreement Implementation Act
H.R. 3080 - Signed by the Preisdent on October 21, 2011
Southeast Arizona Resource Utilization & Conservation Act
H.R. 1904 - Senate has taken no action to date
Encourage Entrepreneurship and Growth
America has historically been on the cutting edge of innovation and technological development, but we are increasingly falling behind our global competitors. We must make it easier for existing businesses to grow and allow more start-up companies to flourish.
The America Invents Act
H.R. 1249 - Signed into law by the President on September 16, 2011
Veterans Opportunity to Work Act
H.R. 2433 - Signed into law by the President on November 21, 2011
Small Company Capital Formation Act
H.R. 1070 - Senate has taken no action to date
Small Banks' Access to Capital Act
H.R. 1965 - Senate has taken no action to date
Entrepreneur Access to Capital Act
H.R. 2930 - Senate has taken no action to date
Access to Capital for Job Creators Act
H.R. 2940 - Senate has taken no action to date
Fairness for High-Skilled Immigrants Act
H.R. 3012 - Senate has taken no action to date
Maximize Domestic Energy Production
The energy sector is crucial to our economic growth, and high energy costs have a major impact on job creation. We need policies that allow us to harness our abundant supply of natural resources in America, develop new sources of energy, and create jobs here at home.
Restarting American Offshore Leasing Now Act
H.R. 1230 - Senate has taken no action to date
Putting the Gulf of Mexico Back to Work Act
H.R. 1229 - Senate has taken no action to date
Reversing President Obama’s Offshore Moratorium Act
H.R. 1231 - Senate has taken no action to date
Jobs and Energy Permitting Act of 2011
H.R. 2021 - Senate has taken no action to date
North American-Made Energy Security Act
H.R. 1938 - Senate has taken no action to date
Pay Down America's Unsustainable Debt Burden
The federal government is spending and borrowing so much that the United States will soon go broke. Washington’s spending binge has put our nation in debt, eroded economic confidence, and caused massive uncertainty for private sector job creators. It's time to live within our means.
Budget for Fiscal Year 2012
H.Con.Res. 34 - Senate has not yet considered a budget of its own
Friday, December 16, 2011
Government
Why do we Americans continue to put up with this Government? Today`s news tells us that Government is about to vote on regulating the Internet in an effort to silence free speech. See link:
http://theintelhub.com/2011/12/14/in-less-than-24-hours-congress-could-vote-to-change-the-internet-forever/
Earlier this week we learned that Government is about to pass a bill which will allow Government to arrest and detain indefinitely American citizens without charge or trial. Our public servants have forgotten their place in American society. You people ARE public servants. You are NOT our rulers. Regulating free speech on the Internet stinks. They want to silence the American citizens to freely pass along information. They want you to only get your information from the Liberal mainstream media. Biased news.
I saw tee shirts for sale online a few months ago that said: Our Forefathers Would Be Shooting By Now. I bought one. And it`s true. Everything that`s wrong with America today can be traced to Government. This recession for example. Affordable Social Housing where Government forced the banks to open up billions of dollars a year in new credit to millions of Americans who previously did not qualify. Government bankrupted the banks. Then they blamed Wall Street. And they blamed George Bush even though Bush warned Congress something like 34 times about the dangers of Affordable Social Housing and the effect it could have on the entire economy. Bush was ignored. Barney Frank was the voice of reason... Thanks Barney for killing the economy.
Gun sales are at an all time high. Ever wonder why? It`s the people arming themselves because our President is waging a Class War. Our leader is telling the masses, it`s OK to hate anybody who has more stuff than you. Disgusting. And they are listening. The media will not even touch all the stories out there about these flash mobs going into American businesses in large numbers and just walking out with what they want. Mass looting. The stories are out there. Google it. ABC-DNC won`t touch these stories. They know why it`s happening. So do I.
ABC-DNC never told the people about Obama`s Radical Marxist past. They didn`t want you to know about it. He was NOT vetted by the media. He was asked hard hitting questions like: "How are you holding up on this grueling campaign trail?" Did they vet Herman Cain? Yes, they did.
Our Government is the problem. Our LAPDOG media to the Marxists is also a problem. Mark Twain once wrote: "If you don`t read the newspaper, then you are uninformed. If you do read the newspaper, then you are misinformed..." Twain got it right.
The ObamaCare mandate is a disaster in waiting. After Government successfully takes over paying for all our health care, they will then turn around and regulate what you eat. What you can and cannot drink. What you do. Where you can and cannot go. It`s a disaster. So much for Liberty and Freedom.
The people MUST not allow Government to silence free speech on the Internet. Call, write or email your Congressman (RULER) today and tell them what you think about Government regulating the Internet.
http://theintelhub.com/2011/12/14/in-less-than-24-hours-congress-could-vote-to-change-the-internet-forever/
Earlier this week we learned that Government is about to pass a bill which will allow Government to arrest and detain indefinitely American citizens without charge or trial. Our public servants have forgotten their place in American society. You people ARE public servants. You are NOT our rulers. Regulating free speech on the Internet stinks. They want to silence the American citizens to freely pass along information. They want you to only get your information from the Liberal mainstream media. Biased news.
I saw tee shirts for sale online a few months ago that said: Our Forefathers Would Be Shooting By Now. I bought one. And it`s true. Everything that`s wrong with America today can be traced to Government. This recession for example. Affordable Social Housing where Government forced the banks to open up billions of dollars a year in new credit to millions of Americans who previously did not qualify. Government bankrupted the banks. Then they blamed Wall Street. And they blamed George Bush even though Bush warned Congress something like 34 times about the dangers of Affordable Social Housing and the effect it could have on the entire economy. Bush was ignored. Barney Frank was the voice of reason... Thanks Barney for killing the economy.
Gun sales are at an all time high. Ever wonder why? It`s the people arming themselves because our President is waging a Class War. Our leader is telling the masses, it`s OK to hate anybody who has more stuff than you. Disgusting. And they are listening. The media will not even touch all the stories out there about these flash mobs going into American businesses in large numbers and just walking out with what they want. Mass looting. The stories are out there. Google it. ABC-DNC won`t touch these stories. They know why it`s happening. So do I.
ABC-DNC never told the people about Obama`s Radical Marxist past. They didn`t want you to know about it. He was NOT vetted by the media. He was asked hard hitting questions like: "How are you holding up on this grueling campaign trail?" Did they vet Herman Cain? Yes, they did.
Our Government is the problem. Our LAPDOG media to the Marxists is also a problem. Mark Twain once wrote: "If you don`t read the newspaper, then you are uninformed. If you do read the newspaper, then you are misinformed..." Twain got it right.
The ObamaCare mandate is a disaster in waiting. After Government successfully takes over paying for all our health care, they will then turn around and regulate what you eat. What you can and cannot drink. What you do. Where you can and cannot go. It`s a disaster. So much for Liberty and Freedom.
The people MUST not allow Government to silence free speech on the Internet. Call, write or email your Congressman (RULER) today and tell them what you think about Government regulating the Internet.
"The U.S. Constitution is a
limitation on the government, not on private individuals ... it does not
prescribe the conduct of private individuals, only the conduct of the government
... it is not a charter for government power, but a charter of the citizen's
protection against the government."
Mark Steyn gets it.
Where do you go to...? by Mark Steyn
Liberalism, as the political scientist Theodore Lowi put it, "is hostile to law," and has a preference for "policy without law." The Law itself doesn`t really matter so much as the process it sets in motion - or as Nancy Pelosi famously told the American people regarding health care, "We have to pass the bill so you can find out what`s in it." When Lowi was writing in the Seventies, he noted that both the Occupational Safety and Health Administration (OSHA) and the Consumer Product Safety Administration (CPSC) were set up by a Congress that didn`t identify a single policy goal for these agencies and "provided no standards whatsoever" for their conduct. So they made it up as they went along.
Where do you go to vote out the CPSC or OSHA?
Or any of the rest of the unaccountable acronyms drowning America in alphabet soup. For more and more Americans, law has been supplanted by "regulation" - a governing set of rules not legislated by representatives accountable to the people, but invented by an activist bureaucracy, much of which is well to the left of either political party. As the newspapers blandly reported in 2010, the bureausrats weren`t terribly bothered about whether Congress would pass a Cap and Trade mega bill into law because, if faint-hearted Dems lose their nerve, the EPA will just "raise" standards all by itself.
Where do you go to vote out the EPA?
Congress stripped provisions for end-of-life counseling (the so called death-panels) out of the ObamaCare bill, but Kathleen Sebelius, the Secretary of Health and Human Services, put`em back on her say so. And why shouldn`t she? As Philip Klein pointed out in the American Spectator, the new law contained 700 references to the Secretary "shall", another 200 to the Secretary "may", and 139 to the Secretary "determines." So the Secretary may and shall determine anything she pretty much wants. Plucked at random:
The Secretary shall develope oral healthcare components that shall include tooth-level surveillance.
"Tooth-level surveillance": from colonial subjects to dentured servants in a mere quarter-millennium.
Where do you go to vote out "the Secretary"?
And so "We the People" degenerates into "We the regulators, we the bureaucrats, we the permit-issuers, we the czars." Dancing with the czars is unrepublican. "Ignorantia juris non excusat" is one of the oldest concepts of civilized society: ignorance of the law is no excuse.
Where do you go to vote out the Czars?
Mark Steyn gets it.
Where do you go to...? by Mark Steyn
Liberalism, as the political scientist Theodore Lowi put it, "is hostile to law," and has a preference for "policy without law." The Law itself doesn`t really matter so much as the process it sets in motion - or as Nancy Pelosi famously told the American people regarding health care, "We have to pass the bill so you can find out what`s in it." When Lowi was writing in the Seventies, he noted that both the Occupational Safety and Health Administration (OSHA) and the Consumer Product Safety Administration (CPSC) were set up by a Congress that didn`t identify a single policy goal for these agencies and "provided no standards whatsoever" for their conduct. So they made it up as they went along.
Where do you go to vote out the CPSC or OSHA?
Or any of the rest of the unaccountable acronyms drowning America in alphabet soup. For more and more Americans, law has been supplanted by "regulation" - a governing set of rules not legislated by representatives accountable to the people, but invented by an activist bureaucracy, much of which is well to the left of either political party. As the newspapers blandly reported in 2010, the bureausrats weren`t terribly bothered about whether Congress would pass a Cap and Trade mega bill into law because, if faint-hearted Dems lose their nerve, the EPA will just "raise" standards all by itself.
Where do you go to vote out the EPA?
Congress stripped provisions for end-of-life counseling (the so called death-panels) out of the ObamaCare bill, but Kathleen Sebelius, the Secretary of Health and Human Services, put`em back on her say so. And why shouldn`t she? As Philip Klein pointed out in the American Spectator, the new law contained 700 references to the Secretary "shall", another 200 to the Secretary "may", and 139 to the Secretary "determines." So the Secretary may and shall determine anything she pretty much wants. Plucked at random:
The Secretary shall develope oral healthcare components that shall include tooth-level surveillance.
"Tooth-level surveillance": from colonial subjects to dentured servants in a mere quarter-millennium.
Where do you go to vote out "the Secretary"?
And so "We the People" degenerates into "We the regulators, we the bureaucrats, we the permit-issuers, we the czars." Dancing with the czars is unrepublican. "Ignorantia juris non excusat" is one of the oldest concepts of civilized society: ignorance of the law is no excuse.
Where do you go to vote out the Czars?
Thursday, December 15, 2011
Wednesday, December 14, 2011
Latest...
Wow. A week and a half before Christmas and I still have not bought the first gift. Thank God for my wife Cindy who always shops early for our kids. I usually wait until the 23rd or 24th to do my shopping. This year will be about the same. It`s a tough economy out here. My job which I have been employed for over 20 years seems to be slowing still. Could be a tough winter in the ready mixed concrete business. Hope for the best.
I have not had a raise in over 4 years but the costs of everything just keep going up. We are doing some things to make up for the difference. We traded cars and cut our car payment in half. We are working on a home refinance at a better rate and should save alot per month with it. Just taking care of what matters. We had a rental property we did a short sale on last spring and we had to cut a check for about $4,600.00 to make things right. Done.
My kids make me so proud. Adam works his tail off and has always had straight A`s and in this his Junior year, he has at least five different advanced placement classes. Colleges send him stuff everyday. They are actively trying to recruit him even as a junior in high school. Katie makes me proud too everyday. She`s such a great kid and a real JOY in my life. She has a lot of my traits. I can see some of me in her. She has a big ole sweet heart. She gets up for 5th grade with no issues at all. She also gets great grades. She loves her friends and her family although, she never gets to see them much. My sister Donna sent her a gift and she simply adores it. Thank YOU Donna! (it relates to Mom Trent)
My Cindy. What can I say about my wife/best friend. We joke about "it`s us against the world." And it`s true. We also joke about "Just Keep Swimming" (Nemo) when one of us is having a tough day. I love her with all my heart and I know I am blessed because of her. Life is good!
I am not perfect. I make mistakes. However, I do not apologize for being an individual or a free thinker. I make some people mad and I don`t mean too. I`ve been called a lot of mean and nasty names over the last few years by people who should be close to me. People can be so intolerant...
I miss the days of big family get togethers at my Moms house when I was growing up. Such Good Times. The house would be full of just happy people. Nobody seems very happy these days and nobody ever really wants to get together anymore. Life`s tough, I know.
I read something about a month ago - "Sometimes there comes a point in your life where you realize, who really matters, who never did, and who always will." Pretty sure I know about that and I like it. That`s great. Anyway...
Life is great. I have a great family. My wife and I both work hard and we are raising good kids. What else is there?
I have not had a raise in over 4 years but the costs of everything just keep going up. We are doing some things to make up for the difference. We traded cars and cut our car payment in half. We are working on a home refinance at a better rate and should save alot per month with it. Just taking care of what matters. We had a rental property we did a short sale on last spring and we had to cut a check for about $4,600.00 to make things right. Done.
My kids make me so proud. Adam works his tail off and has always had straight A`s and in this his Junior year, he has at least five different advanced placement classes. Colleges send him stuff everyday. They are actively trying to recruit him even as a junior in high school. Katie makes me proud too everyday. She`s such a great kid and a real JOY in my life. She has a lot of my traits. I can see some of me in her. She has a big ole sweet heart. She gets up for 5th grade with no issues at all. She also gets great grades. She loves her friends and her family although, she never gets to see them much. My sister Donna sent her a gift and she simply adores it. Thank YOU Donna! (it relates to Mom Trent)
My Cindy. What can I say about my wife/best friend. We joke about "it`s us against the world." And it`s true. We also joke about "Just Keep Swimming" (Nemo) when one of us is having a tough day. I love her with all my heart and I know I am blessed because of her. Life is good!
I am not perfect. I make mistakes. However, I do not apologize for being an individual or a free thinker. I make some people mad and I don`t mean too. I`ve been called a lot of mean and nasty names over the last few years by people who should be close to me. People can be so intolerant...
I miss the days of big family get togethers at my Moms house when I was growing up. Such Good Times. The house would be full of just happy people. Nobody seems very happy these days and nobody ever really wants to get together anymore. Life`s tough, I know.
I read something about a month ago - "Sometimes there comes a point in your life where you realize, who really matters, who never did, and who always will." Pretty sure I know about that and I like it. That`s great. Anyway...
Life is great. I have a great family. My wife and I both work hard and we are raising good kids. What else is there?
Monday, November 7, 2011
Obama`s Children by Neal Boortz
By Neal Boortz
Barry’s Brats held a little “occupy” demonstration in Naples over the weekend. The drew 100 people. You can get more than 100 people at a fish fry around here … 100 people for an “occupy” demonstration is barely worth a second glance. I did enjoy some of the pictures though, and I noticed that some of the people identified in the news coverage were the same leftist loons I see regularly writing letters to the editor of the local newspaper. Those letters are better than the comics.
I mentioned the pictures, didn’t I? Nothing like the sight of a gnarled old lady holding a clenched fist aloft. Probably a flashback for her to the ‘60s. What an exciting time, right old girl? But the signs were the most entertaining.
But let’s consider your signs one-by-one.
PEOPLE NOT PROFITS
Would you mind putting your sign down for just a moment and explain this to me? People earn profits. People spend profits. People not Profits makes about as much sense as Gerbils not Grapefruits. In fact, if you were to wander into an OccuTard protest with a “Gerbils not Grapefruits” sign you would suddenly see dozens more. Your fellow useful idiots would think that some sort of an immensely deep political thought is being expressed.
Now there is a website out there, www.peoplenotprofit.com, which has the subtitle “Beyond Capitalism.” I notice on that website the liberal (so-to-speak) use of the word “comrades.” I’ve done some studying on that word, and its first use was in Marxist circles in Europe in the late 1800s. It was also a common form of address for Communists throughout the existence of the Soviet Union. So we combine the “beyond capitalism” line with the use of traditional communist rhetoric and what do we have? Communists? Well, in some cases that is most certainly true. (See “useful idiots” below). Most of Obama’s Children though are not communists. They’re just anxious ignoranuses carrying signs with slogans they couldn’t write a three sentence essay defining. They sense that something is wrong – and something most certainly is. But they either haven’t made the effort to see just what it is that has gone awry and how to fix it, or they simply don’t have the mental capacity to understand it.
So … what are you saying? Are you saying that a businessman should take his capital – his money – and start a business with no intention of ever making money off that business? You’re worried about jobs, right? And you do know that about 70% or more of all new jobs come from small businesses, right? So you think that some individual should take whatever wealth they have, and borrow more money on top of it, to put into a new small business or to expand an existing one? And for what purpose? People? Sure … this guy is going to put his wealth at risk for “people.” God forbid the individual might want to actually earn any money in the process, for if he did … if he were to have money left over after hiring and paying 100 people and selling the products they produced … that money would be (gasp!) PROFIT! Now you have some fool carrying a sign somewhere that is mightily pissed off at you! Your very participation in these “occupy” protests is indication enough that you haven’t put a great deal of thought into your protests … but do you really want to remove the profit motive from entrepreneurship? If a corporation decided that it no longer wanted to earn a profit … how long do ou think it would take for the shareholders to bail? How many people lose their jobs when that happens?
THIS IS WHAT DEMOCRACY LOOKS LIKE
There you are … marching down the street chanting “This is what democracy looks like.” The trouble is you don’t realize just how right you are; and that would be because you’re basically ignorant as all purified hell about just what democracy really is. You didn’t know that our founding fathers abhorred the idea of a democracy, did you? And there’s not one of you who could correctly guess the number of times the word “democracy” appears in our Declaration of Independence, our Constitution, or the constitutions of all 50 states. The answer? Zero. Not once. And not one of you would know – it would take actually studying our history – that the word “democrat” used to be an epithet. If you were to read “Founding Brothers: The Revolutionary Generation” by Joseph Ellis, you would learn that “democrat” referred to “one who panders to the crude and mindless whims of the masses.” As it was then, so it is now.
But back to your protests and your “This is what Democracy looks like” signs. Democracy is best defined as mob rule – majority rule. Define it as you might, but it will always be three wolves and one sheep deciding on what’s for dinner. Have you ever heard of the “Rule of Law?” That’s what our founding fathers gave us. That was supposed to be our operating system, so to speak. Sure .. we chose representatives to represent us in local and federal governments using democratic processes, but they, as we, are then required to abide by the laws of the land .. and that includes the Constitution. But this rule-of-law thing doesn’t really appeal all that much to Barry’s Brats, does it?
WE ARE THE 99%
Really … just what in the hell does THAT mean? The 99% of what? Oh .. I know where you got that 99% bit. You’ve been listening to your figurative father, Barack Obama, haven’t you?
WE ARE THE USEFUL IDIOTS
You Occutards do realize, don’t you, that more and more you’re being referred to as “useful idiots.” The phrase is even featured in a website you probably visit often, UrbanDictionary.com. Here – I’ll give you the definition from Urban Dictionary so you won’t have to look it up. After all … someone else might be using the community computer to search for treatments for head or body lice and for STDs.
Useful idiot? Useful to who? Well, labor unions for one. The Democrat Party and Barack Obama for another. As you first gathered in Zuccotti Park it was clear you didn’t really know what you were protesting and what solutions you might propose. You issued a list of demands including the forgiveness of all debt everywhere in the world. That was enough to label you as idiots. All that was left to be done was to figure out how to put you to use. Experienced leftists went to work immediately. The labor unions started sending people to your encampments with aid and suggestions as to what you might want to protest. They arrived along with the Communist Party USA, The American Nazi Party, the Socialist Party USA, the Marxist Student Union and others. They knew that you were uninformed but motivated … and ripe for manipulation. You certainly haven’t disappointed them. Now your encampments and demonstrations are filled with signs promoting the various causes of those who have put you to use. Congratulations.
KNOWN BY THE COMPANY YOU KEEP.
Let’s finish off here with a list of some of the known supporters of the so-called occupy movement. We covered some above .. but here’s a more comprehensive listing:
I mentioned the pictures, didn’t I? Nothing like the sight of a gnarled old lady holding a clenched fist aloft. Probably a flashback for her to the ‘60s. What an exciting time, right old girl? But the signs were the most entertaining.
- People not Profits
- This is what democracy looks like
- We are the 99%
But let’s consider your signs one-by-one.
PEOPLE NOT PROFITS
Would you mind putting your sign down for just a moment and explain this to me? People earn profits. People spend profits. People not Profits makes about as much sense as Gerbils not Grapefruits. In fact, if you were to wander into an OccuTard protest with a “Gerbils not Grapefruits” sign you would suddenly see dozens more. Your fellow useful idiots would think that some sort of an immensely deep political thought is being expressed.
Now there is a website out there, www.peoplenotprofit.com, which has the subtitle “Beyond Capitalism.” I notice on that website the liberal (so-to-speak) use of the word “comrades.” I’ve done some studying on that word, and its first use was in Marxist circles in Europe in the late 1800s. It was also a common form of address for Communists throughout the existence of the Soviet Union. So we combine the “beyond capitalism” line with the use of traditional communist rhetoric and what do we have? Communists? Well, in some cases that is most certainly true. (See “useful idiots” below). Most of Obama’s Children though are not communists. They’re just anxious ignoranuses carrying signs with slogans they couldn’t write a three sentence essay defining. They sense that something is wrong – and something most certainly is. But they either haven’t made the effort to see just what it is that has gone awry and how to fix it, or they simply don’t have the mental capacity to understand it.
So … what are you saying? Are you saying that a businessman should take his capital – his money – and start a business with no intention of ever making money off that business? You’re worried about jobs, right? And you do know that about 70% or more of all new jobs come from small businesses, right? So you think that some individual should take whatever wealth they have, and borrow more money on top of it, to put into a new small business or to expand an existing one? And for what purpose? People? Sure … this guy is going to put his wealth at risk for “people.” God forbid the individual might want to actually earn any money in the process, for if he did … if he were to have money left over after hiring and paying 100 people and selling the products they produced … that money would be (gasp!) PROFIT! Now you have some fool carrying a sign somewhere that is mightily pissed off at you! Your very participation in these “occupy” protests is indication enough that you haven’t put a great deal of thought into your protests … but do you really want to remove the profit motive from entrepreneurship? If a corporation decided that it no longer wanted to earn a profit … how long do ou think it would take for the shareholders to bail? How many people lose their jobs when that happens?
THIS IS WHAT DEMOCRACY LOOKS LIKE
There you are … marching down the street chanting “This is what democracy looks like.” The trouble is you don’t realize just how right you are; and that would be because you’re basically ignorant as all purified hell about just what democracy really is. You didn’t know that our founding fathers abhorred the idea of a democracy, did you? And there’s not one of you who could correctly guess the number of times the word “democracy” appears in our Declaration of Independence, our Constitution, or the constitutions of all 50 states. The answer? Zero. Not once. And not one of you would know – it would take actually studying our history – that the word “democrat” used to be an epithet. If you were to read “Founding Brothers: The Revolutionary Generation” by Joseph Ellis, you would learn that “democrat” referred to “one who panders to the crude and mindless whims of the masses.” As it was then, so it is now.
But back to your protests and your “This is what Democracy looks like” signs. Democracy is best defined as mob rule – majority rule. Define it as you might, but it will always be three wolves and one sheep deciding on what’s for dinner. Have you ever heard of the “Rule of Law?” That’s what our founding fathers gave us. That was supposed to be our operating system, so to speak. Sure .. we chose representatives to represent us in local and federal governments using democratic processes, but they, as we, are then required to abide by the laws of the land .. and that includes the Constitution. But this rule-of-law thing doesn’t really appeal all that much to Barry’s Brats, does it?
- The law says you can’t camp out overnight in the parks, you ignore it. Mob rule over the rule of law. Democracy.
- The law says you need a permit for demonstrations and marches on public streets? You ignore those laws. They just don’t suit your purpose. Mob rule over the rule of law. Democracy.
- The law defines and protects property rights. But you and your fellow occupiers want to destroy some private property – trash some ATMs – bust out some bank windows – trespass into private businesses. You have the numbers, so to hell with the law. Mob rule over the rule of law. Democracy.
- Hundreds of workers at the Port of Oakland lost a day’s pay so that you could throw your little anti-capitalist temper tantrum and shut down the port. You broke the law in doing so, but what the hell. Mob rule over the rule of law. Democracy.
- People have the right to the wealth earned through their labors and through the sacrifice of portions of their lives. You want that wealth seized and given to people who neither worked for it nor earned it. There are more of you than there are of them. So hand it over. Mob rule over the rule of law. Democracy.
- Dozens of people who work in the area of Zuccotti Park in New York City, the gathering place for Obama’s Children, are now out of work. Your protests have so disrupted those businesses that some have closed and others have cut back on hours and workers. Doesn’t matter. You are the 99%, right? Those business owners are the evil 1%. Mob rule over the rule of law. Democracy.
WE ARE THE 99%
Really … just what in the hell does THAT mean? The 99% of what? Oh .. I know where you got that 99% bit. You’ve been listening to your figurative father, Barack Obama, haven’t you?
WE ARE THE USEFUL IDIOTS
You Occutards do realize, don’t you, that more and more you’re being referred to as “useful idiots.” The phrase is even featured in a website you probably visit often, UrbanDictionary.com. Here – I’ll give you the definition from Urban Dictionary so you won’t have to look it up. After all … someone else might be using the community computer to search for treatments for head or body lice and for STDs.
Today, it refers to brainwashed liberals and leftists the world over (usually college students that aren't necessarily idiots, but just misinformed, naive, and ignorant of facts due to being indoctrinated with liberal/socialist propaganda through their public education) who believe that George W. Bush has committed more crimes against humanity than leftist darlings like Saddam Hussain, Yasser Arafat, and Osama Bin Laden, and still defend Communism, the cause of over 100 million deaths to this day.The phrase actually originated in the days of Lenin and the Communist revolution. It was used to identify people who blindly supported the Communists even as people like Lenin and Stalin murdered hundreds of millions of people.
Useful idiot? Useful to who? Well, labor unions for one. The Democrat Party and Barack Obama for another. As you first gathered in Zuccotti Park it was clear you didn’t really know what you were protesting and what solutions you might propose. You issued a list of demands including the forgiveness of all debt everywhere in the world. That was enough to label you as idiots. All that was left to be done was to figure out how to put you to use. Experienced leftists went to work immediately. The labor unions started sending people to your encampments with aid and suggestions as to what you might want to protest. They arrived along with the Communist Party USA, The American Nazi Party, the Socialist Party USA, the Marxist Student Union and others. They knew that you were uninformed but motivated … and ripe for manipulation. You certainly haven’t disappointed them. Now your encampments and demonstrations are filled with signs promoting the various causes of those who have put you to use. Congratulations.
KNOWN BY THE COMPANY YOU KEEP.
Let’s finish off here with a list of some of the known supporters of the so-called occupy movement. We covered some above .. but here’s a more comprehensive listing:
Communist Party USA. The American Nazi Party. Ayatollah Khamenei, the supreme leader of Iran. The North Korean government. Louie-the-Lip Farrakhan and the Nation of Islam. The Revolutionary Communist Party. David Duke. Hugo Chavez. Barack Obama. The Iranian Revolutionary Guard. The Black Panthers. Socialist Party USA. CAIR. Nancy Pelosi. The Communist Party of China. Hezbollah. Marxist Student Union. Freedom Road Socialist Organization.Wow. That list of supporters must make you very proud.
Wednesday, October 26, 2011
GOP
The candidates. Mitt Romney was for everything before he was against everything. I don`t trust him. No thanks. Rick Perry is just another career politician who once supported Al Gore and is soft on illegal immigration. No thanks. Herman Cain has the expierence that our Country needs to turn this economy around.
The Democrats seem to only want to help Government workers and union workers which is only about 11% of the US workforce. What about the other 109,000,000 US workers? Herman Cain will help all of us. He will reduce the WORLD RECORD deficit spending and the debt. He will create the atmosphere for growth. Big government does not work for all of us.
The Democrats seem to only want to help Government workers and union workers which is only about 11% of the US workforce. What about the other 109,000,000 US workers? Herman Cain will help all of us. He will reduce the WORLD RECORD deficit spending and the debt. He will create the atmosphere for growth. Big government does not work for all of us.
Warning!
I don`t do Politically Correct Speech. I`m big on Free Speech. If I offend you then by all means, use your Freedom granted to you by our US Constitution and read something else!
Scott Trent
Scott Trent
Monday, August 29, 2011
We can`t wait...
So the "smartest guy in the room" is going to fix the Fannie and Freddie CAUSED Affordable Social Housing mortgage foreclosure crisis recession with MORE Fannie and Freddie Affordable Social Housing mortgage foreclosure crisis LENDING?
Affordable Social Housng. In the mid 1990`s, Government forced the our banks to open up billions of dollars a year in new credit to millions of people who previously did not qualify for credit causing the mortgage foreclosure crisis and the recession.
Warning were given and ignored by some in our Government...
2001
Affordable Social Housng. In the mid 1990`s, Government forced the our banks to open up billions of dollars a year in new credit to millions of people who previously did not qualify for credit causing the mortgage foreclosure crisis and the recession.
Warning were given and ignored by some in our Government...
2001
- April: The Administration's FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity." (2002 Budget Analytic Perspectives, pg. 142)
- May: The Office of Management and Budget (OMB) calls for the disclosure and corporate governance principles contained in the President's 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)
- February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market.
- September: Then-Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact "legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises" and set prudent and appropriate minimum capital adequacy requirements.
- September: Then-House Financial Services Committee Ranking Member Barney Frank (D-MA) strongly disagrees with the Administration's assessment, saying "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." (Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," The New York Times, 9/11/03)
- October: Senator Thomas Carper (D-DE) refuses to acknowledge any necessity for GSE reforms, saying "if it ain't broke, don't fix it." (Sen. Carper, Hearing of Senate Committee on Banking, Housing, and Urban Affairs, 10/16/03)
- November: Then-Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any "legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk." To reduce the potential for systemic instability, the regulator would have "broad authority to set both risk-based and minimum capital standards" and "receivership powers necessary to wind down the affairs of a troubled GSE." (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03)
- February: The President's FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital and calls for creation of a new, world-class regulator: "The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore … should be replaced with a new strengthened regulator." (2005 Budget Analytic Perspectives, pg. 83)
- February: Then-CEA Chairman Mankiw cautions Congress to "not take [the financial market's] strength for granted." Again, the call from the Administration was to reduce this risk by "ensuring that the housing GSEs are overseen by an effective regulator." (N. Gregory Mankiw, Op-Ed, "Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04)
- April: Rep. Frank ignores the warnings, accusing the Administration of creating an "artificial issue." At a speech to the Mortgage Bankers Association conference, Rep. Frank said "people tend to pay their mortgages. I don't think we are in any remote danger here. This focus on receivership, I think, is intended to create fears that aren't there." ("Frank: GSE Failure A Phony Issue," American Banker, 4/21/04)
- June: Then-Treasury Deputy Secretary Samuel Bodman spotlights the risk posed by the GSEs and calls for reform, saying "We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System." (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04)
- April: Then-Secretary Snow repeats his call for GSE reform, saying "Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America … Half-measures will only exacerbate the risks to our financial system." (Secretary John W. Snow, "Testimony Before The U.S. House Financial Services Committee," 4/13/05)
- July: Then-Minority Leader Harry Reid rejects legislation reforming GSEs, "while I favor improving oversight by our federal housing regulators to ensure safety and soundness, we cannot pass legislation that could limit Americans from owning homes and potentially harm our economy in the process." ("Dems Rip New Fannie Mae Regulatory Measure," United Press International, 7/28/05)
- August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying "first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options." (President George W. Bush, Press Conference, the White House, 8/9/07)
- August: Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd ignores the President's warnings and calls on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," The New York Times, 8/11/07)
- December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying "These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I've called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon." (President George W. Bush, Discusses Housing, the White House, 12/6/07)
- February: Assistant Treasury Secretary David Nason reiterates the urgency of reforms, saying "A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully." (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)
- March: President Bush calls on Congress to take action and "move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages." (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)
- April: President Bush urges Congress to pass the much needed legislation and "modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes." (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)
- May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.
- "Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow state housing agencies to issue tax-free bonds to refinance sub-prime loans." (President George W. Bush, Radio Address, 5/3/08)
- "[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator." (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)
- "Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans." (President George W. Bush, Radio Address, 5/31/08)
- June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying "we need to pass legislation to reform Fannie Mae and Freddie Mac." (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)
- July: Congress heeds the President's call for action and passes reform legislation for Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.
- September: Democrats in Congress forget their previous objections to GSE reforms, as Senator Dodd questions "why weren't we doing more, why did we wait almost a year before there were any significant steps taken to try to deal with this problem? … I have a lot of questions about where was the administration over the last eight years." (Dawn Kopecki, "Fannie Mae, Freddie 'House Of Cards' Prompts Takeover," Bloomberg, 9/9/08)
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