Bush’s bailout plan is costing us again!

President Bush just addressed the nation about his adminstration’s bailout plan. I am pissed! Why do I have to pay for some fat-cat executive to earn millions (in some cases 100’s of millions) in bonuses and then crawl to Washington and beg for the TAXPAYERS to pay for their F*ck ups?

I understand Bush’s point about the delicate nature of our economic situation, but do we really need to pay for it? Why is the FBI investigating Freddie and Fannie execs? Everyone knows they did things wrong, if not legally, morally, so why should the American public pay for it?

I own a small business. If I have a bad month, can I cry to the government and ask for them to bail me out? If I tell the mortgage company to get my payment from the government they will laugh. First, because they may be the ones being bailed out, and two, nobody cares about the little guy! Senators don’t have stock in my company, so who am I?

This bailout is going to cost us twice. First, we have to suffer through a housing crisis because of stupid mistakes made, but the market is recovering. People are buying houses again. Banks and credit unions are able to loosen up a little bit, and the American public is having to fix their own mistakes. But now, we have to pay for this huge $700 Billion debt that Bush is putting us in! Just as I think he might be a good guy, he screws up again! Thanks F*cker!

I feel like I am in a bad Democrat dream. The American public didn’t pay attention to how much their house payments were going to be along with the $100,000 worth of credit card debit they had to pay each month, so now the government is creating programs to bail these “stupid” people out. I worked for a mortgage company for a very short time (because of the stupid loans we got approved, I couldn’t do it), so I know how the process works. When you tell someone how much their payment will be, they should know if they can pay for it! Instead of letting them pay for their mistakes, the government bails them out!

Also, the government is pulling a Democrat move and bailing out these stupid banks. I think Lehman Brothers should be pissed off right now, since they couldn’t get help, but since AIG probably has quite a few political investors in their pocket, they get the money! What is that all about?

Mick Huckabee suggested removing capital gains taxes and all taxes on savings and dividends. Basically, Huckabee is pushing for the Fair Tax, and I firmly believe he is right. This would be the solution to our problems not a rediculous bailout!

Let me make this one clear, also. Republicans need to get their balls out of their stomach and start acting like Republicans. You are starting to look like Democrats! You might as well vote for Obama you stupid, waste of spaces!

Huckabee’s response to Bush’s bailout plan

I supported Mike Huckabee as a presidential candidate. I think he is one of the most honest and sincere politicians this country has seen in years. If there is anyone from Arkansas that thinks differently, please respond, because I don’t want to have false hopes that there is a real politician for the people.

I just received an email from Mike Huckabee and he responded to Bush’ plan to bailout stupidly large, incapable, and greedy banks and their executives. I don’t think I could write a response any better.

Frankly, I’m disappointed and disgusted with my own Republican party as I watch them attempt to strong-arm a bailout of some of America’s biggest corporations by asking the taxpayers to suck up the staggering results of the hubris, greed, and arrogance of those who sought to make a quick buck by throwing the dice. They lost, but want the rest of us to cover their bets so they won’t be effected in their lavish lifestyles as they figure out how to spend their tens of millions and in some cases, hundreds of millions in bonuses and compensation which was their reward for not only sinking their companies, but basically doing the same to the entire American economy.

It’s especially disconcerting to see the very people who pilloried me during the Presidential campaign for being a “populist” and not “understanding Wall Street” to now line up like thirsty dogs at the Washington, D. C. water dish, otherwise known as Congress, and plead for help. I thought these guys were the smartest people in America! I thought that taxpayers like you and I were similar to the people at the U. N. who have no translator speaking into their headset – that we just needed to trust those that I called the power bunch in the “Wall Street to Washington axis of power.”

The idea of a government bailout in which we’d entrust $700 billion to one man without Congressional oversight or accountability is absurd. My party or not, that is insanity and I believe unconstitutional.

Will there be far-reaching consequences without some intervention? Probably, but we honestly don’t know since we’ve really never seen this level of greed and stupidity all rolled into one massive move. But may I suggest that letting “Uncle Sugar” step in and bail out the billionaires who made the mess will be far worse and will start a long line of companies and individuals who will demand the same of the government—which last time I checked means that they will be demanding it out of YOU and ME. This is not money that Congress is risking from THEIR pockets or future, but ours. Many if not most of us have already experienced lost value on our homes, retirement accounts, and pensions. Now they’d like for us to assume some further risks so they won’t have to.

What happened to the “free market” idea? Is that only our view when we WIN and when we LOSE, we ask the government to come in and take away the pain?

If you are a small business owner, is this the way it works at your place? When you have a bad month, a bad year, or face having to close, can you go up to Congress and get them to write YOU a fat check to take away your risk?

Some of what contributed to this disaster is too much government in the form of Sarbanes/Oxley. Some is due to the tax structure that created the hunger for companies to “game” the system. Some is the common sense that was ignored like loaning money to people who can’t pay it back.

Wall Street has become Las Vegas east, but at least in Vegas, people KNOW they are gambling and they don’t expect the government to cover their losses at the tables. In Wall Street, they do. And the American taxpayer burdens the responsibility.

If Congress wants to do something, here are some suggestions:

1. Eliminate ALL capital gains taxes and taxes on savings and dividends right now. Free up the capital and encourage investment. This is the kind of economic stimulus the Fair Tax would bring and if Congress is going to lose money, let them lose it with lower taxes, not with public dollar bailouts of private market mistakes.

2. Repeal Sarbanes/Oxley. It has failed. It was supposed  to prevent this. It didn’t. Kill it.

3.  Demand that the executives who steered their ships      into the ground be forced to pay back the losses of their companies. Of course, they can’t, so let them work and give back to the government and they can live like the people they put on the streets or kept there. It makes no sense to put them in jail—that’s just more they will cost you and me. I’d rather them go out and earn money—just not get to keep so much of it this time. I’m not talking about limiting CEO salaries—just those of the people who now are up in Washington begging for help because they ruined their companies.

Attempts by Democrats and Republicans to blame each other is nonsense. They are both guilty and ought to own up and admit it. They all lived off big campaign contributions and the swill of the lobbyists who strong armed them into permission to steal. Enough of blame. Fix it!

This would be a start. If we don’t hold these guys responsible, we are all finished.

Thank you Mike Huckabee for really caring about the people and not the lobbyists!

Ahmadinejad challenges presidential candidates to debate

Iran’s President Mahmoud Ahmadinejad challenged the U.S. presidential candidates to a debate when he is in New York for the U.N. General Assembly next week. I think this would be interesting!

I know McCain has criticized Obama for wanting to be more diplomatic with countries that the U.S. has strained relations with, but this could be interesting.

Ahmadinejad had agreed to meet with Bush, but now feels there is no point since Bush is at the end of his term. I believe this guy is really just looking for publicity. It would give him an ego boost if the candidates did decide to debate with him.

I think it would be a good idea, especially for John McCain, in the view of the rest of the world. Everyone I have debated with from other countries are pulling for Obama only because he said he would be more diplomatic and try to talk things out. They feel McCain would just go to war every time there was a conflict.

Just like selecting Palin as his VP, I think this would be a great chance to step out where Obama is supposed to be and make a statement. Let the world know he can talk also, but when things need to get done, he isn’t scared to do them either!

Go ahead McCain, debate this fool and tear him a new one!!!

Liberal versus Conservative

This interesting story was sent my way by my father-in-law.

I think every liberal out there who wants more government programs and OBAMA as president should read this and think about it long and hard. In fact, after reading this, I would like for all liberals to explain to me why bigger government, universal health care programs, and all the good stuff Obama is preaching is such a good idea!

_________________________

A young woman was about to finish her first year of college. Like so
many others her age, she considered herself to be a very liberal Democrat,
and among other liberal ideals, was very much in favor of higher taxes to
support more government programs, in other words redistribution of wealth.

She was deeply ashamed that her father was a rather staunch
Republican, a feeling she openly expressed. Based on the lectures that she
had participated in, and the occasional chat with a professor, she felt that
her father had for years harbored an evil, selfish desire to keep what he
thought should be his.

One day she was challenging her father on his opposition to higher
taxes on the rich and the need for more government programs. The
self-professed objectivity proclaimed by her professors had to be the truth
and she indicated so to her father. He responded by asking how she was doing
in school.

Taken aback, she answered rather haughtily that she had a 4.0 GPA,
and let him know that it was tough to maintain, insisting that she was
taking a very difficult course load and was constantly studying, which left
her no time to go out and party like other people she knew. She didn’t even
have time for a boyfriend, and didn’t really have many college friends
because she spent all her time studying.

Her father listened and then asked, ‘How is your friend Audrey
doing?’ She replied, ‘Audrey is barely getting by. All she takes are
easy classes, she never studies, and she barely has a 2.0 GPA. She is so popular
on campus; college for her is a blast. She’s always invited to all the
parties and lots of times she doesn’t even show up for classes because
she’s too hung over.’

Her wise father asked his daughter, ‘Why don’t you go to the
Dean’s office and ask him to deduct 1.0 off your GPA and give it to your friend who
only has a 2.0. That way you will both have a 3.0 GPA and certainly that
would be a fair and equal distribution of GPA.

The daughter, visibly shocked by her father’s suggestion, angrily
fired back, ‘That’s a crazy idea, and how would that be fair! I’ve
worked really hard for my grades! I’ve invested a lot of time, and a lot of hard
work! Audrey has done next to nothing toward her degree. She played while I
worked my tail off!’

The father slowly smiled, winked and said gently, ‘Welcome to the
Republican party.’

If anyone has a better explanation of the difference between
Republican and Democrat I’m all ears.

Government Takeover of Banks: Is This Socialism?

The US government just recently took over another financial institution, AIG. The media keeps calling it a bailout, but what is really going on?

I completely agree with everyone that something had to be done with IndyMac, Fannie and Freddie, and now AIG, but should the government have taken them over and acquired 79.9% of stock from each?

This is the situation: the government has used our money, taxpayer dollars, to “put” money into these companies. In exchange they get 79.9% of the stock. Doesn’t this mean that we paid for the government to take over the ownership of our mortgages, insurance policies, and other financial wealth? To me, this seems like a step towards socialism.

There is something about all of this that we should look into: the Federal Reserve was involved in the loan and takeover process. Now why are these private companies being taken over by another private company? The Federal Reserve is not a government agency. They are private just like Citibank. This worries me.

I am rambling in a lot of directions because this situation is going in a lot of directions. I am scared for the future of the world, not just the US. Something is not right about our government owning such a huge stock in our country’s financial lifeline. They can’t manage the money they already have, what makes anyone think they can manage our mortgages and insurances too? Until the government stops wasting money, they need to step aside and let a successful company handle these types of things. But I guess the government is the only organization that has the power to just walk in and said, “I’ll take that!” Kind of like imminent domain…

If anyone is a real estate investor, you probably have come across or at least know about the ability of mortgage companies to call a mortgage due. This gives the government a lot of power and money. Please, someone tell me this situation is not as bad as it sounds!!!

Russell Brand Tells VMA Audience To Vote For Obama: Are You Serious?

My wife wanted to watch the Video Music Awards on MTV mainly because they have been marketing Britney Spears as one of the opening acts. She wanted to see if Britney has recovered from her recent struggles.

Britney did open it with two lines, then there was a performance. Next, the host of the VMAs, Russell Brand took the stage. The next thing that happened outraged me, and my wife agreed that we should protest MTV.

Russell Brand, a celebrity from the UK told the audience that we should vote for Barack Obama. The world wants him as president. ARE YOU SERIOUS? The powers that be are using MTV’s Video Music Awards to promote their agendas?

I know that a cable network is entitled to their opinion, but to push that opinion on the American people is outrageous. It is probably no surprise that I am a Republican, but I don’t think it is one bit fair for an entertainment channel to push either candidate.

It is disrespectful and unethical to have someone push one political candidate in a public forum such as the Live VMA’s. Had someone got on there are promoted McCain, the media would blast MTV, the VMA’s, and everyone else they could, but since most of the media has been paid for or owned by some left wing liberal, it must be okay to promote Obama.

Fortunately, the viewers of MTV’s VMAs will probably be too worried about what celebrity is in rehab on November 4th, so we won’t have to worry about their vote!

ADDITIONAL INFORMATION:

Will we actually allow some freaked-out creackhead foreigner to insult our country? It is one thing if an Obama supporter insults Bush. Maybe they have a point, and they are hoping to better our country, but this guy is a worthless freak and is using an American outlet to insult our country. You people really agree with this kind of thing? He even insulted Palin’s daughter for choosing life, and the Jonas Brothers for choosing to be virgins… Good job MTV, way to be a positive role model for teenagers everywhere!

Did you see who attended the national conventions?

I have discovered something, and I’m not sure why the media hasn’t picked up on this. When you watched the Democratic National Convention, did you see all of the celebrities that were there? So and so was here, so and so was there. The other night Michelle Obama had a fund raising dinner for celebrities. I heard they raised about a million dollars at that dinner. Congratulations!

Now this week at the Republican National Convention, celebrities were not everywhere. No one made mention of Ben Affleck listening to John McCain. BUT… You know who was there? Our nations veterans. The real heroes of our country were in attendance, and there were quite a few. This strikes me as odd. The people that have defended our freedoms and the freedoms of the world support the Republicans. The people who make their money (and vasts amount of it) pretending to be other people and doing nothing really important were at the Democratic National Convention… Actually, if you think about it… they kind of sound like the Democrat politicians. Chew on that!

Diddy calls out McCain as “Bugging the F**k Out!”

My wife told me about Diddy’s comments in response to Sen. McCain’s choice for VP. He said that McCain was “…bugging the f**k out!” (Click here to read the story) He goes on to cite a few “interesting” reasons why McCain made a poor choice.

Diddy was quoted saying, “Sarah you need to be down with the whole cabinet. You are not ready to be no vice president. What is the reality in Alaska? There isn’t even any crackheads in Alaska. There isn’t any black people, no crime. There isn’t even any foreign policies in Alaska. You need to get versed on black policies. We are the future.”

This is quite interesting to me. I didn’t realize that crackheads were an important target for ANY politician. With this statement, does that mean that Obama is out campaigning to all of the crackheads of the country? I wish celebrities, who are extremely out of touch with the real world, would be careful what they say and how they word it. This is almost another Kanye West, “Bush hates black people,” type comment. Are you serious?

The second part of his absurd statement, “There isn’t any black people,” is actually incorrect. Had he made a more educated statement such as, “There is a very small black population in Alaska,” it may have been more worthy of actually speaking about. In fact, 3.7% or 24,791 of the 670,053 people in Alaska are black (US Census). Another interesting figure that we should address is the number of American Indians and Alaskan natives (non-white). 15.4% of Alaska’s population is American Indian or Alaskan native. As a descendant of American Indians, I actually am happy to see someone in the government that may actually be sympathetic to this segment of the population.

Also, let’s compare Illinois, the state of Barack Obama. Illinois actually has a larger percentage of white population (79.3 versus 70.7) than Alaska (Census info for Illinois). Now, since Barack Obama was raised by his white family and comes from a state where there is a larger population of white people, wouldn’t that say that Obama is out of touch with the black population also, especially the crackheads? I know Obama hangs out with some low-lifes, but I don’t think cracheads are on that list!

Third, I don’t understand the comment on foreign policies. First of all, it is a state. States deal with foreign policies in respect to imports and exports. Beyond that, isn’t foreign policy a federal issue? Why would Alaska be dealing with foreign governments and negotiating policies that would affect our entire nation. I believe Diddy has gone beyond the scope of Palin’s job description. Also, Palin did establish a few awards and programs to bring heightened attention to foreign relations in Alaska. (Read background here)

Finally, I believe we should address Obama’s experience, since Palin’s the VP candidate, is being attacked for her lack of experience with certain areas. Barack Obama , who only has 3 years of federal government experience, and only 7 years of state government experience before that, is pretty fresh on the scene as far as government is concerned. His ability on any issue should be questioned since he has not been around the national political world mroe than 3 years. I bet he has a lot of foreign policy experience.

I like to end Obama blogs with a quote from our friend Barack:

“My friends, we live in the greatest nation in the history of the world. I hope you’ll join with me as we try to change it.”