From the tribune article:

Before its portfolio of bad loans helped trigger the current housing crisis, mortgage giant Freddie Mac was the focus of a major accounting scandal that led to a management shake-up, huge fines and scalding condemnation of passive directors by a top federal regulator.

One of those allegedly asleep-at-the-switch board members was Chicago’s Rahm Emanuel—now chief of staff to President Barack Obama—who made at least $320,000 for a 14-month stint at Freddie Mac that required little effort.

He was named to the Freddie Mac board in February 2000 by Clinton, whom Emanuel had served as White House political director and vocal defender during the Whitewater and Monica Lewinsky scandals.

The board met no more than six times a year. Unlike most fellow directors, Emanuel was not assigned to any of the board’s working committees, according to company proxy statements. Immediately upon joining the board, Emanuel and other new directors qualified for $380,000 in stock and options plus a $20,000 annual fee, records indicate.

On Emanuel’s watch, the board was told by executives of a plan to use accounting tricks to mislead shareholders about outsize profits the government-chartered firm was then reaping from risky investments. The goal was to push earnings onto the books in future years, ensuring that Freddie Mac would appear profitable on paper for years to come and helping maximize annual bonuses for company brass.

The accounting scandal wasn’t the only one that brewed during Emanuel’s tenure.

During his brief time on the board, the company hatched a plan to enhance its political muscle. That scheme, also reviewed by the board, led to a record $3.8 million fine from the Federal Election Commission for illegally using corporate resources to host fundraisers for politicians. Emanuel was the beneficiary of one of those parties after he left the board and ran in 2002 for a seat in Congress from the North Side of Chicago.

The board was throttled for its acquiescence to the accounting manipulation in a 2003 report by Armando Falcon Jr., head of a federal oversight agency for Freddie Mac. The scandal forced Freddie Mac to restate $5 billion in earnings and pay $585 million in fines and legal settlements. It also foreshadowed even harder times at the firm.

http://www.chicagotribune.com/news/politics/obama/chi-rahm-emanuel-profit-26-mar26,0,5682373.story

>>imagine if karl rove held that office before the GW presidency and oversaw the same, he never would have made it to the white house and would have taken GW down with him.

and you lefties wonder why we dont trust obama. he’s either naive as hell and is getting rolled by his party or he’s in as long as he gets whatever he wants(and i shudder to think what that is given what he’s done already).

In my first edition of Bite Me Wednesday, I would like to address Senator Dodd; but first credit the source of Bite Me Wednesdays; One on one sport’s Papa Joe Chevalier. Papa Joe was a long time sports talk host for One on One and assigned every Wednesday as “Bite Me” Wednesday.

It allowed for Papa and us to vent on those doing ill or acting shamelessly in the sports world. It was very well received and gained so much popularity they even started selling “Bite Me” t-shirts.

While, no longer the sportsworld; I do believe you cannot trip over yourself today without feeling the need to give at least one public official a “Bite Me”, so I have resurrected it and invite any of you to vent on my designated bitee or add one of your own.

For today, I hand out the initial bite me to senator Dodd. For him to actually think that we, the people; are so dense to not smell some sort of fish when he says he doesn’t know who stripped out his proposal to restrict bonuses as Dodd himself receives large sums of contributions from the very same company that’s on the Senate chopping block is quite disgusting.

You Senator Dodd, must think that the people are barely more functional than the family dog to actually swallow your explanations. When someone changes our work at our office, we notice; but apparently it’s a lot more complicated within the hallowed halls of Congress. No, Senator; your dismissal of people’s intelligence is so far beyond pathetic than I have nothing else to say except that you can Bite Me !

I know righties are war mongering, blood thirsty, imperialists; but they’re also one hell of a group to be in.

As eveidenced by the 30% more given to charity by conservatives, even though liberals make 6% more on average.

And further evidenced by the 10 reddest states of the 2004 election gave 3.5% to charity whilst the bluest of the blue gave 1.9%

Conservatives also donate more time and blood(of which I can speak personally as a 9 ½ gallon donor).

And, included in the article is that Gore donated 0.2% of his income in 2000. Kerry also gave much below the average conservative’s 3.5% and Obama was below that number until his first book increased his income severly. Obama and the misses were easily clearing his current definition of rich at 250,000 before the book but felt the need to keep that. It seems the rules are different now.

You know, actually; that’s not true. The officeholding left has always been hippocrites, they just get to make the rules now.

So, you know; maybe Obama is a good thing. Since lefties are keeping it for themselves, yet make 6% more on average; what you can’t pry from their wallets; Obama is just going to shake it out of them.

http://1070knth.townhall.com/columnists/GeorgeWill/2008/03/27/conservatives_really_are_more_compassionate

I’m quite sure Obama would think it appropriate and worthy of his mettle. So, let see what Cicero said, facing the same tests of private and public ownership and personal responsibility:

“When politicians, enthusiastic to pose as the people’s friends, bring forward bills providing for the distribution of property, they intend that the existing owners shall be driven from their homes. Or they propose to excuse borrowers from paying back their debts.

“Men with those views undermine the very foundations on which our commonwealth depends. In the first place, they are shattering the harmony between one element in the State and another, a relationship which cannot possibly survive if debtors are excused from paying their creditor back the sums of money he is entitled to. Furthermore, all politicians who harbour such intentions are aiming a fatal blow at the whole principle of justice; for once rights of property are infringed, this principle is totally undermined.”

I can only sense that CNBC’s Santelli suggested the same in his rant on the trading floor.

So, what did Cicero suggest ?

“The real answer to the problem is that we must make absolutely certain that private debts do not ever reach proportions which will constitute a national peril. There are various ways of ensuring this. But just to take the money away from the rich creditors and give the debtors something that does not belong to them is no solution at all. For the firmest possible guarantee of a country’s security is sound credit…

So the men in charge of our national interests will do well to steer clear of the kind of liberality which involves robbing one man to give to another.”

Now, I fully concede GW was an accomplish in this; but it is the three headed hydra currently in Congress and the white house that have put the pedal to the medal and hit the nitrous button.

We’ll see if they slow down long enough to catch a clue and not throw the people in front of oncoming traffic, but for a guy that I’m sure has studied Cicero as steeped in academia as Obama is; I doubt it.

Yes, “my friends”; the revolution has started with Jindal refusing some of the stimulus,

“Louisiana Gov. Bobby Jindal announced Friday that he will decline stimulus money specifically targeted at expanding state unemployment insurance coverage, becoming the first state executive to officially refuse any part of the federal government’s payout to states. ”

That’s awesome ! Refusing funds for some bridge that will barely be used is one thing, but to refuse unemployment insurance coverage when job loses are still increasing is taking it to straight to increasing government and increasing welfare.

If you live in Louisiana, Texas, Mississippi or South Carolina; I would urge you to urge your governor to refuse the funds. If these states can refuse and recover faster; the conservative movement will take off and spread like wildfire and make 2010 a comeback year for GOP office seekers that stand by conservative principles.

http://news.yahoo.com/s/politico/20090220/pl_politico/19092

This was so great, I replayed the audio file twice !

On the February 10^th show, Dave starts the show by going off on Obama’s speech on February 9^th for using fear to sell the stimulus and saying that only government can solve the economic crisis. It’s seems that Dave has a philosophy that a leader that uses fear to motivate action in people is not a very good leader and seemed pretty concerned of Obama’s use of fear as he believes fear is an effective tool to get people to give up their freedoms.

Now, you lefties will throw a wet blanket on that; but Paulson used exactly the same fear to get the Tarp done. It seems President Obama is pretty good at playing on fear also, I wonder just how many times he’ll play the fear card before the people do start thinking, this IS more of the same.

Dave also mentioned there is a new definition of bi-partisan meaning that you have to agree with me and do what I say. Now, we all know this. The GOP 3 make nothing bi-partisan. We’ll see how long CNN and MSNBC can cover this up.

Something that really got me was that Dave himself was scared because he thinks obama seems to believe that government is the only solution. I know that’s true and you know its true, and the inefficiencies of government is just going to make the recession longer than it has to be; but it still wasn’t something I expected Dave to say on his own national radio show inviting criticism from many people he would consider fans that did vote obama.

He also said obama looked like a little child throwing a hissy fit because he couldn’t get his way with the bill. Don’t we have two majority leaders that already do this ? Do we really need another branch of government taking it’s bill and going back home until everyone likes it.

Dave does believe obama has the ability to inspire but believes obama’s government is the only solution to fixing the economy philosophy will hinder real solutions.

My paraphrasing doesn’t do his monologue justice, but for a person that so many in America believe as a common sense and trustworthy person; he sure gave a healthy dose of what a President should not do and that he was a bit offended at how Obama has framed the need for a stimulus; and I am very proud of him for doing it.

Just one more example of how wrong obama has it. I don’t know if it’s still available, but you might be

able to listen to it free here: http://www.daveramsey.com – Tuesday, February, 10 show.

Taxes ! We all hate them, but most of us live with them and never get stirred up as you usually only take .

one glance per year at what you pay, when you pay the IRS.

Why ? That’s not how you keep your resolve.

Let’s take the summer gas price hysteria. Every week you filled up your tank and got more mad every week until your fuming drove you to call, email and fax Congress and the President to the point that offshore drilling became an issue D.C. had to resolve.

Why not apply the same here ? You are surely paying more in taxes than your weekly gas bill is today. Maybe, just maybe; you’ll be active enough to help reduce your taxes and help everyone else do the same.

Ok, let’s try.

Go here:

http://www.paycheckcity.com/netpaycalc/netpaycalculator.aspOr here:

http://www.payroll-taxes.com/calculators.htmNow, if you get paid $50,0000 per year; you’re paying $213.22 per week, $852.88 per month and $11087.44 per year !

So, let’s put that in perspective. That equates to being able to pay for the mortgage on a house selling for $142,000(nothing down, at 6%).

If you make $50,000 and have no dependents; you are giving up the mortgage payment on a $142,000 house every month because the government needs to put in high speed rail from LA to Las Vegas even though Amtrak cancelled its train on the same route due to lack of ridership, protecting the salt marsh mouse and honeybee insurance.

And given the size of the stimulus bill, that’s most likely to go up !

I would encourage you to make either of the above links a bookmark and visit it every time you get paid and just maybe it’ll help us all to work to lower them again in the future.

Now, that would be a real stimulus.

I know there are many here that agree, but don’t know why.

If you know history, economies run on cycles; and even the steal from us bill will only slow the US economy; it will not kill it.

You can be quite sure that obama will have a free pass in 2012 if the economy growing again and jobs are being created; and they will. And when the win in 2012, that’s an additional 4 years to convert to the US to socialism and silencing or limiting public dissent along the way to that goal.

So, while the economy is bad, all of Obama’s appointments stink and Obama is pulling levers to make it harder for the US(like re-installing the offshore drilling ban); you should be helping conservative candidates and help the people really get change. In 2010, congress can get more of the same or real change; and that road is being built now.

Give Obama 4 years, and he may block it off.

Just a refresher, or summary; for those who arent seeing the forest of just how bad the administration has done through the trees of the day to day shortcomings.

1. Hillary Clinton – need we say even one word. Ok, whitewater.
2. Rahm Emanuel – To date, has not paid any property taxes. As far as we know, he’s not a homeless person. Where do the people get deals like that ?
3. Tim Geithner – Managed to miss paying some of his taxes, even though he was specifically instructed of the why’s and how to’s. Again, where do the people get deals like that ?
4. Tom Daschle – strike that. More tax issues.
5. Bill Richardson – didn’t even make it out of the gate(and just think, he was running for president.) over a pay to play investigation.
6. Nancy Killefer – strike that. More tax issues.
7. William Lynn – lobbyist for military contractor Raytheon that that the number 2 position in the pentagon that somehow avoids Obama’s no lobbyist pledge.
8. Hilda Solis – Husband tax problems, her labor organization problems.
9. David Ogden – number 2 in the justice department filed against minors needing parental notice for abortion and litigated for playboy and penthouse.
10. Eric Holder – signed-off on the pardons of 16 FALN terrorists and that of Marc Rich.

And let’s not forget who in D.C. has the nation’s purse strings:

1. Charlie Rangel – chairing the powerful House Ways and Means Committee – failure to pay taxes on an offshore rental property, and his use of office letterhead to solicit donations for a public-policy school that would bear his name.
2. Chris Dodd – chairman of the Senate Banking Commission- VIP treatment by Countrywide over 2 mortgages ? I have 2 with B of A, where’s my VIP treatment ?
3. Harry Reid – Senate majority leader – On a 160 plot in Mohave County Ried paid $166, appraised value $2,144.
4. Nancy Pelosi – House majority leader –  In 2007, Pelosi directed over $90,000 from her PAC to her husband’s real estate, the same year she supported a bill that would have banned indirect compensation from PACs to such things as payments to companies that employ spouses.

Now, I am not Obama(naïve) enough to think there aren’t plenty of ethics issues with republicans as well, but for 2 years; the democrats have been preaching change and ethics reform and have not lived it. Now, the same can be said for Obama.

My question is, if the party in power now that was elected for change and in a need to have the government act more in the people’s interest now by being a party of ethics and trust is having problems reflecting that at the very beginning; just how far do you think they will go to act in their interests and how much of your interests and the people’s interests are never addressed ?

I shudder to think how far down the rabbit hole the people’s needs fall while the party in power keeps moving on its on accord.

I know the stimulus package is likely a done “Yes” for Collins, Snowe and Specter; but I’m taking one last chance and if you wish to as well; here’s a good how-to. Now, their voice mail is full; so you probably wont get any answer until Monday; but here are their email forms and fax number and the write up I sent. Feel free to fill their in boxes and fax machines. The House GOP held the line, the least I could do is make some phone calls; how about you ?

Collins: 202-224-2553, fax – (202) 224-2693

http://collins.senate.gov/public/continue.cfm?FuseAction=ContactSenatorCollins.Email&CFID=39113496&CFTOKEN=99427497Specter: 202-224-4254, fax – 202-228-1229

Form:

http://specter.senate.gov/public/index.cfm?FuseAction=Contact.ContactFormSnowe: 202-224-5344, fax – (202) 224-1946

http://snowe.senate.gov/public/index.cfm?FuseAction=ContactSenatorSnowe.EmailI know that there is an ongoing debate over what continued government stimulus packages will do and you are thinking to vote for the current package. As a long time republican, taxpayer and future parent, I hope that you will not for my and your children’s sake.

I give you a short write up on what does work(tax cuts) and what the current Stimilus package will cause(Japan, 1990). I hope it will help you change your mind. Feel free to pass it on if you deem it worthy.

I’m just going to pass on a few facts here, so that everyone reading has some details on why tax cuts work and more spending will not.

Taking the spending of the great depression first:

“From 1930 to 1940, federal spending tripled in volume as new programs were created and old ones expanded in a costly effort to revive the collapsing economy. As a share of the gross domestic product (GDP), federal spending rose from 3.4 percent in 1930 to 9.8 percent in 1940.5 Yet, despite this unprecedented surge in spending, America’s GDP fell by 27 percent part way through the decade and by 1938 was less than two percent above its 1929 level.6″

“The number of unemployed more than doubled from 2.8 million at the beginning of the decade to 6.9 million in 1940.7″

So, as you can see; years of government spending accomplished little during the great depression. So far, government spending is 0 for 1 on causing a recovery.

Now, to the 1960’s and democratic president JFK’s tax cuts; results:

“Inheriting a sluggish economy when he took office in 1961, President Kennedy learned from these lessons and instead relied on a massive tax cut to get the economy going again. It worked; inflation-adjusted GDP grew by 50.5 percent during the 1960s, a postwar record for decade-over-decade growth rates.”

This makes tax cuts 1 for 1 on recoveries, and then the Reagan tax cuts:

“The 1981 tax cuts of President Reagan led to what then became the longest peacetime economic expansion in U.S. history.”

Now, tax cuts are 2 for 2. So, let’s add spending restraint to lower tax rates introduced by Reagan and those results ? More economic growth:

“The federal government’s share of GDP fell from 22.3 percent in 1991 during the brief recession that marked the beginning of the decade to 18.2 percent by 2000.8 Because of the restraint on federal spending, which allowed resources to shift to the more productive private sector, the economy boomed and a new American record was set for the duration of an expansion.”

So, tax cuts and decreasing spending have a perfect record for economic recovery. Now, what is the ongoing spending going to do for the US ? We need only look back 20 years to see as Japan implemented the same policies:

“Beginning in 1991-1992, Japan adopted the spending approach now advocated by many in the U.S. Congress when it embarked on a massive nationwide program of infrastructure investment. Between 1992 and 2000, Japan implemented 10 separate spending stimulus packages in which public infrastructure investment was a major component.9.

Between 1992 and 1999, industrial production in Japan increased by just 0.7 percent, while in the United States it increased by 39.6 percent.”

This is a time period of the US reigning in spending and Japan increasing spending which resulted in a decreased GDP for Japan and each individual citizen:

“Japan began gradually to close the GDP gap beginning in the late 1970s, when its standard of living was about 72 percent of that of the United States. By 1991, its standard of living had risen to nearly 90 percent of that of the United States.15 During this period, Japan’s level of government spending in proportion to its economy, while rising, was still the lowest of the major industrial countries.

Had Japan continued with this policy of fiscal restraint and low taxes, its per capita income (adjusted for PPP) would likely have overtaken America’s by the mid-1990s. But 1991 was also the beginning of the Japanese government’s spending spree and the country’s relative, and then absolute, decline.

After coming within 12 percentage points of matching U.S. per capita GDP, Japan’s relative performance began its inexorable decline and fell to a 78 percent share by 1999, a milestone it had surpassed–on the way up–only 12 years earlier. More important, the standard of living also fell in absolute terms. After reaching a per capita, PPP-adjusted GDP of $25,373 in 1997, that measure fell to $24,314 in 1998 and remained below $25,000 in 1999.”

It’s quite obvious that the current spending policies will only lengthen the recession further. You might pass this on or share it with those against and in favor of the stimulus as the recession will continue until the current leaders in Washington, D.C. change to what does work.

Based on Heritage article: http://www.heritage.org/Research/Budget/BG1495.cfm

Now, I am of the full opinion that Glenn Beck is the radio version of the guy that stands on street corners with an “End of World is Near !” sign. I do believe if you only watch and listen to him, you will be stocking food, guns and putting money in your mattress in 3 months; but he does come up with news, history or ideas from historical figures that no one else comes up with; so I listen on occasion.Well, today he came up with this story and audio from Al Gore telling 12 year old children this:

“And we kids asked our parents and their generation, “Explain to me again why it’s okay for the law to officially discriminate against people because of their skin color.” And parents try to tell their kids the right thing, you know, usually. I do. And when our parents’ generation couldn’t answer that question, that’s when the law started to change.”

And this:

“There are some things about our world that you know that older people don’t know. ”

Now, I can ‘hear you now’; that’s just wacky Al; but Al still has a serious presence, commands attention and is not giving up on global warming. Who knows just how far he’s willing to go to see that to its completion.

Now, Glenn argues that the US lost being able to handle Al versus their kids when the left took over schools. I say no, but he’s got the national radio show.

Anyways, I thought reading and hearing this was important enough to pass it on. Even if it was a mistatement by Al, it’s still a warning sign that set off alarm bells for me as a future parent of a 12 year old and knowing that around that age; many kids stop listening to parents and looks like Al is right there help them. You might pass it on to other parents.

Text and audio:

http://www.glennbeck.com/content/articles/article/198/21049/

As you know Agents Ignacio Ramos and Jose Alonso Compean sit in prison for defending our borders despite questionable prosecutor charges at best.

Every thanksgiving, the president pardons people and he has done the same this week.

Now, the president has said he will not pardon them, but there is no reason that he shouldn’t commute their sentences.

So, if you have some time; please send the white house an email: comments@whitehouse.gov, or give them a call 202-456-1414 and let them know that this is the very least that the president can do for these two men who chose to protect the United States.

I’m sure many here would prefer to see the US auto industry succeed, for pride, patriotism, security and jobs.

Many have also seen that many foreign car makers are building cars in the US, so it can be done.

I am also sure many Americans prefer American cars over foreign for many reasons and that will continue.

As many may or may not know, US autoworkers average over $73 per hour, while Toyota averages $49 per hour.

So, it is my opinion; that merely lowering US auto worker salaries; makes the Big 3 competitive and reduces the sticker price.

To do this, all the Big 3 need to do is to take the money we give them and start building plants in right to work states. Do this, and either the unions will concede and the Big 3 will recover or right to work states will boom, the Big 3 will recover and Michigan will learn a very tough lesson.

But, to try and hurt the entire auto industry by standing by wages that are not consistent with other companies in the industry is not a way to stay in business and GM and Ford stock prices are reflecting that.

“Once I take office, you can be sure that the United States will once again engage vigorously in these negotiations and help lead the world toward a new era of global cooperation on climate change,” Obama said.

http://www.usatoday.com/weather/climate/globalwarming/2008-11-18-climate-summit_N.htm

This would be nice if all efforts and money spent to date have in effect amounted exactly squat.

While the US has rolled merrily on the wheels of its big suvs and coal plants, the planets has in fact gotten colder.

“At the top of the world, the International Arctic Research Center reported last month, there was 29% more Arctic sea ice this year than last.”
“Elsewhere, the Swiss lowlands last month received the most snow for any October since records began. Zurich got 20 centimeters, breaking the record of 14 centimeters set in 1939. Ocala, Fla., experienced its second-lowest October temperature since 1850.
October temperatures fell to record lows in Oregon as well. On Oct. 10, Boise, Idaho, got the earliest snow in its history — 1.7 inches. That beat the old record by seven-tenths of an inch and one day on the calendar.”
It is quite sad that all emissions from people and their industries and automobiles, contribute less CO2 to the atmosphere annually than oceans and cows do naturally.

The fact is the sun is the #1 determiner of global warming and cooling and every effort of man amounts to a pinprick in the warming, cooling and release of carbons into the atmosphere. For Obama, the Governator or anyone else to tell you differently is wrong. You should ask them to show you proof, they will not be able to. Global warming has been disproven and still being shoved down your throat like bad medicine and emptying your wallet.

“Due to a decline in solar activity and other factors, the Earth is cooling and has been since 1998. And a peer-reviewed study published in April by Nature predicts the world will continue cooling at least through 2015.”

So, what’s global warming solutions going to do to you. Not much:
“The U.N. itself estimates that reducing global warming would require a permanent hit of at least 1.5% of world GDP — or roughly $1 trillion a year for decades to come.
For the U.S., the hit might be even more severe. Under Kyoto’s strict requirements, according to forecasts from the U.S. Energy Department, the costs could reach as high as 4.1% of GDP — or about $570 billion a year. It would kill nearly 5 million jobs. “
America has chosen change, and Obama; or “change” cannot change the sun and its affects on the planet; but a loss of 5 million US jobs is change for 5 million families. Let’s hope that “change” is something tose families can recover from, because it is coming.

http://www.ibdeditorials.com/IBDArticles.aspx?id=311903601768744

http://www.ibdeditorials.com/IBDArticles.aspx?id=310695037962525

As we all know, Obama slipped and said 57 states sometime ago and obviously meant 50.

Well, i am no conspiracy theorist; but it looks like the organization of islamic conference has 57 states represented:

http://www.stoptheaclu.com/archives/2008/05/12/obamas-freudian-slip-there-are-57-islamic-states/

I’m quite sure Obama did just slip, but it seems to me that it is not a stretch that he did not.

Why not, 49, 51, over 50, 60 ?

I am simply saying that despite the MSM, the right side of the internet knows his past has some questions and that is our job to keep an eye on him as his policies will now direct the future of this country.

I’d like to submit this “coincidence” as one more thing to be on the lookout for and watch his actions for or against Israel in the future and for that matter, our troops still in the field.

I just thought I would send this information out as so many are still worried about the economy and some are worried about what the new president is going to do, so I thought I would send out some facts to put todays economy in persepective.

“During the Great Depression, U.S. output plunged 27% in four years; unemployment neared a third of the work force. Real private investment shrank 87% in three years; personal spending plunged 41%.”

“Then we had over 25% unemployment; now it’s 6% and could move somewhat higher, which is typical for economic corrections. Then, by 1934 about one-half of mortgages were in default, today it is only 6%. Nearly 94% of homeowners are still making their monthly payments.”

Ok, so while many are saying just how bad things are and you might think no one in the big auto state of Michigan has a job, it’s very over-reported. The US is slowing but not grinding to a halt that some on government are telling us. Why is this so ? Well, let’s look at these quotes:

“Since 1980, real per capita GDP has expanded 69.2% in the U.S. vs. 65.6% for the EU 15. Why? Our productivity is greater. In just the last 10 years, U.S. productivity has expanded 2.5% a year, with Europe growing nearly a full percentage point less.”

“Even after our stock market and housing losses, the U.S. is still extraordinarily wealthy. In the second quarter, Fed data show, the U.S. private sector owned $110.6 trillion in assets — an immense amount of wealth.“

Despite the government looking to take over everything and the market dropping by 50 percent, the US is still the world’s asset powerhouse and blowing by all of europe combined.

But, lets put what happened in the US market in perspective of the most recent recession:

“The “peace dividend” resulting from sharp cuts in defense spending helped Bill Clinton achieve a balanced budget. It was the new age of the Internet, biotech and high tech stocks. For nearly five years, prices on the Nasdaq soared. Indeed, to its peak the Nasdaq increased 2 1/2 times what the Dow Jones industrials did during its 1920s climax run.
But those astronomical Nasdaq price gains culminated in the Clinton stock market bubble, which burst in early 2000. Within the space of months, an estimated $8 trillion in U.S. stock market wealth was erased.”

You see, despite everyone crying to stock up on food and learning to darn their socks; the US went through equally the same loss just 8 years ago and survived. Now, how did the US survive:

“The reason we shouldn’t have another 1929 is our Nasdaq composite (the stock index that includes America’s modern-day entrepreneurial leaders) already had its 1929-like break in the three years from 2000 through 2002. Since then it put in a strong five-year recovery up to last November. That recovery was due to the broad-based, and highly successful, tax cuts pushed through by President Bush in 2001 and 2003. We are now in the midst of a normal cyclical market correction, with the economy having created 9 million jobs since the 2003 tax cuts.(not bad for someone generally considered an idiot by many)”

Now, many will tell you that continuing tax cuts will not spur the economy again, but what they either don’t know or will not say is that despite the Bush tax cuts, US corporate tax rates are still one of the highest around the industrialized nations. The best way for the US economy to keep rolling is to apply the same Bush tax cuts to corporations and small businesses.

Now, this is a tall order considering who will be in charge in January and most likely won’t happen. So, the US is most likely to muddle along rather than create another 9 million jobs that the Bush cuts created, but the facts should show here that the US will be allright and will even prosper despite Obama. The US still takes a back seat to no one on productivity and capital to spur economic growth.

Sources:
Talking Ourselves Into A Depression
- http://www.ibdeditorials.com/IBDArticles.aspx?id=308530374766527

A Replay Of 1929? Don’t Count On It
- http://www.ibdeditorials.com/IBDArticles.aspx?id=307927474219610

I noticed this from the prop 8 vote in california:

“According to exit polls, whites opposed the amendment 53-47. But blacks supported it 70-30, and Latinos supported it 51-49. The polls have blacks at 10 percent of the electorate for this issue, with Latinos at 19 percent and whites at 63 percent. (Asians, at six percent, opposed the proposition 53-47.)”

Now, i read that as a confirmation of blacks and hispanics as socially conservative, moreso than whites.

It is my opinion that if the GOP can get back to making the talk of smaller government, spending, taxes and increasing energy within the US into action; they can turn back the tide.

November 2007 -

http://noblesseoblige.org/wordpress/2008/11/01/obama-will-raise-the-price-of-electricity-and-other-energy/

Interviewer – how to you get people to change behavior ?

Obama – “it’s important for us to send price signals to change behavior”

Obama – people like to drive suvs and leave their lights on, we’re going to have to cap emissions for companies that generate power and those companies will have to pass on those costs to consumers.

Now, I am not naïve enough to not know that higher prices change behavior. This summer was a prime example; but that was driven by the market and demand; not government unless you’d like to add their inability to pass offshore drilling legislation for 20 years.

Obama, on the other hand; is talking about inserting more government control over your life. If this is the America you want, that’s fine; but I would hope you would pass this info. along and keep more control to yourself.

“Barack Obama to the San Francisco in a January 17, 2008 interview:

Let me sort of describe my overall policy.

What I’ve said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else’s out there.

I was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the ratcheted down caps that are being placed, imposed every year.

So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.
That will also generate billions of dollars that we can invest in solar, wind, biodiesel and other alternative energy approaches.”

http://www.pittsburghlive.com/x/pittsburghtrib/blogs/fortyfourthestate/showcomments.php?entryid=3471

Now, I’m all for alternative energy increasing; but obama doesn’t get it that coal currently accounts for almost 50% of US energy. He also doesn’t seem to get that alternative energies currently account for less than 5% of energy and the timeline for alternatives is not 2 years or even 4 years. The timeline for alternatives making a dent in coal and oil resources is almost a decade. The US learned this summer that it needed an immediate solution is oil and coal.

He also doesn’t seem to get that decreasing coal production in the US, where the US has a coal resource greater than any other country; hurts the US economy, jobs and on and on.

So, the US is going to trade coal companies and their employees, currently half the US energy resource; for alternatives that have not been proven to be more efficient as in corn ethanol versus gas and alternatives like solar that have been halted by environmentalist like in nevada ? Good job obama. You’re throwing companies, people’s wallets and the economy in the toilet.

The real obama has shown up again, do we really want to get him the keys to the country ?

http://www.youtube.com/watch?v=Hdi4onAQBWQ

http://www.youtube.com/watch?v=Hdi4onAQBWQ

http://www.youtube.com/watch?v=qYM-nuGS8Jw&NR=1

Yes, my friends. It seems another clip has come out from San Francisco from Obama that would not be the Obama he is representing himself as now. This time, in January of this year – 2008; obama has said this:

“You know, when I was asked earlier about the issue of coal, uh, you know — Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.”

So, here he is looking to apply his beliefs on global warming to affect your wallet; without regard for your wallet.

For your wallet’s sake, it has been recorded that the US and many areas of the world have had global cooling occuring including increases in early snows and increasing ice that have seemed to correspond with the sun’s decreased activity. Looks to me as it’s still the sun that is in charge of global warming and the people’s yearly carbon emmissions to the atmosphere equal about .001 of the total atmosphere. Cows contribute more than man.

But, I am not here now to try any convince you that global warming is all man’s fault or is not. I am just saying that obama seems perfectly at ease with throwing your money at global warming but doesn’t seem to tell the people this now before he is elected.

Just who are we electing in obama ?