Presidential Debacle, err Debate no. 2

October 8th, 2008 No Comments »

The second 2008 Presidential debate could only be called a tired rerun of old rhetoric. The real fiasco didn’t begin, until Obama blurted out that his plans for his “first term” in office! Talk about an ego-maniac. He hasn’t even posted four years as a Senator and he’s already planning for four years as President and then what he wants to do in years 5-8! That could be interpreted as over-confidence, but I prefer to believe that Obama has already paid for the election.

Let’s face the facts that 1)he has piled up more daily campaign dollars than any Democratic Presidential nominee to-date (and large sums from foreign donors) and 2)the American public is a shambling mass of cattle that are more than ready to accept the shiny new cowbell and collar that Obama’s offering. The cowbell of “change” is a trade of failed bi-partisan attempts for a neo-Marxist state of government controlled health care and a redistribution of wealth, which is a pathetic excuse for a tax cut but is really a tax hike (not new taxes though!). The point is, people earning $249,000 or less would basically receive a welfare check and those earning $250,000 will see a $40,000 tax hike! This is another attempt to level the playing field, whether you have invested your time and money into higher education for a better paying job or decided to accept a lower income bracket and fast-food employment! Continue reading »

FBI checks for mortgage fraud

September 24th, 2008 No Comments »

The recent bailout plan has been throwing up all kinds of red flags to the FBI. They have recruited the IRS to assist in the investigation of the bailout recipients’ books. The total amount of fraudulent mortgages recorded in the first quarter of 2008 is up 42% from the same period of last year. These numbers equate to about $1 Billion in losses generated from over 400 mortgage brokers, lenders and appraisers who are being investigated.

The big boys of AIG, Lehman Brothers, Countrywide, Fannie Mae and Freddie Mac lead the pack of the other 20 or so firms being investigated. The real issues here though are the thought of the government owning a majority (and the accompanying control) of these banks because of the loans, as well as the fact that the government is showing to many common folk that it’s OK to write bad checks, not pay up and not worry about it as “Big Brother” will cover the debt! Check out this poll for yourself.

But the bailout plan continues to bring more people, not just the FBI and IRS, to the table. The mess gets even more convoluted as the Federal Reserve Bank has supposedly struck a $30 Billion deal with Australia, Denmark, Norway and Sweden so it can lend money to U.S. banks!

Fascist ‘bailout’ plan, the death of Wall Street?

September 22nd, 2008 No Comments »

I feel, as others I know do, that the Federal Government already has too much power. The economy is definitely in a state of flux, as can be seen by simply watching the daily oil prices move. The roller coaster ride is not getting any better, with the bottom falling out on the recent buy of AIG considered to be the turning point of this country’s embrace of Fascism. It is without a doubt unConstitutional to think that the government is “of the government, by the government and for the government” but that is exactly what is happening. Free trade is going by the wayside with the inevitable fall of Wall Street as we know it. The big trading firms are systematically either turning into banks or being “secured” by the buying power of the Fed. The government is even demanding vested interests in these companies!

Let’s not forget about the US’s “War on Terror” as another interesting factor in all of this. We have the alibi to place troops anywhere in the world, to protect our sovereign “State”. The war in Iraq has been seen to be our way of protecting our source of oil. Continue reading »