"Clown Prince" Weekly Blather;October 31st

A Patriotic Response to the "Clown Prince" 10/31

[barack INSANE obama;"Mm..Mm..Mm!!"]

Each week, I’ve spoken with you about the challenges we face as a nation and the path we must take to meet them. And the truth is, over the past ten months, I’ve often had to report distressing news during what has been a difficult time for our country. But today, I am pleased to offer some better news that – while not cause for celebration – is certainly reason to believe that we are moving in the right direction. On Thursday, we received a report on our Gross Domestic Product, or GDP. This is an important measure of our economy as a whole, one that tells us how much we are producing and how much businesses and families are earning. We learned that the economy grew for the first time in more than a year and faster than at any point in the previous two years. So while we have a long way to go before we return to prosperity, and there will undoubtedly be ups and downs along the road, it’s also true that we’ve come a long way. It is easy to forget that it was only several months ago that the economy was shrinking rapidly and many economists feared another Great Depression.

• [What I'm not telling you: That "GDP" report ?? Mostly crap that is best be described as "fictitious!!" The Gross Domestic Product is made up of three categories. They are--Consumption: Private household expenditures, except housing. My policies have pretty much stifled most of the spending, by anyone. What really pisses me off, though is that the American consumer has discovered that living beyond their means is detrimental to wealth accumulation!! DAM'!! Investment; Private housing; purchases by businesses like buildings, equipment, inventory, software, etc. I've pretty much stifled the "investment" category, as well!! Government Spending: Expenditures on goods and services like, czars' higher-than-normal salaries, weapons and other military spending, other government investment. This category DOES NOT INCLUDE transfer payments like Social Security and unemployment benefits {Thank Muhammad for that!!}. See what I've done? With all those porkulus give-away programs and others like "Cash for Clunkers".... I've pissed away so much of YOUR MONEY that I've managed to skew the GDP into the plus column. Without my screwing with the economy, we'd have probably had a flat [+/- 0%] GDP. Even though it's entirely bullshit, see how a skewed GDP can work for me?]

Now, economic growth is no substitute for job growth. And we will likely see further job losses in the coming days, a fact that is both troubling for our economy and heartbreaking for the men and women who suddenly find themselves out of work. But we will not create the jobs we need unless the economy is growing; that’s why this GDP report is a good sign. And we can see clearly now that the steps my administration is taking are making a difference, blunting the worst of this recession and helping to bring about its conclusion.

• [What I'm not telling you: See how I can take a mundane statistic and turn it into "a good sign?" Ya like that "...likely to see further job losses...." thing? All by design, my serfs; all by design!!! Here's how that benefits me: The more job losses--the more fear there is about job losses, the easier it is to sell more and more control over every segment of American life under the guise of "obamaCare!!" It certainly won't bode well for me in particular and fascism in general, if the public ever figures out what "U-6" unemployment is!! ]

We’ve acted aggressively to jumpstart credit for families and businesses, including small businesses, which have seen an increase in lending of 73 percent. We’ve taken steps to stem the tide of foreclosures, modifying mortgages to help hundreds of thousands of responsible homeowners keep their homes and help millions more sustain the value in their homes. And the Recovery Act is spurring demand through a tax cut for 95 percent of working families, and through assistance for seniors and those who have lost jobs – which not only helps folks hardest hit by the downturn, but also encourages the consumer spending that will help turn the economy around. Finally, the Recovery Act is saving and creating jobs all across the country. Just this week, we reached an important milestone. Based on reports coming in from across America – as shovels break ground, as needed public servants are rehired, and as factories whir to life – it is clear that the Recovery Act has now created and saved more than one million jobs. That’s more than a million people who might otherwise be out of work today – folks who can wake up each day knowing that they’ll be able to provide for themselves and their families.

• [What I'm not telling you: Yes, it's more-or-less true that we've "jumpstarted" credit for families and bsinesses... There's a tonn'a money out there, available for lending.... You just have to jump through lotsa hoops and find a way around our "roadblocks" to get to that money!! Now that I have methods in place to "modify" your mortgages--keeping you in housing you can ill afford and probably have no intention of paying for--All you "KoolAid Drinkers" owe me, BIG TIME!! Notice that I'm continuing "Dubya's" ill conceived programs; the less money I can put into Americans' hands and the more money I can put into the world economy by printing it as fast as the presses'll run; the more I can keep the serfs down and shine in the eyes of the rest of the world's socialists and fascists!! All this "Money printin'?? Man-oh-Man.... Is that ever gonna bite'cha in the ass!!! With me doubling and trippling the amount of currency in circulation... can you imagine the rate of inflation in a cuppla years?!?!?! It'll make that peanut farmer seem like a MORE CONSERVATIVE Rush Limbaugh!!! Can you spell "H-Y-P-E-R I-N-F-L-A-T-I-O-N?!?!?! How 'bout that "jobs created or saved..." bullshit?!?! First of all--and I don't mind admitting it--that "jobs saved" line... just so much more crap I've said long enough--loud enough, that you actually believe there's a way to quantify a "saved" job!! GOT'CHA!!!! Other than using my "Fluffy Bullshit Method", there's absolutely no way to tell if a job has been "saved" or not!!! I wish they hadn't, but the "KoolAid" media has been reporting what's actually happened, relative to the "jobs saved or created" myth!! You've probably seen the reports--counting jobs FOUR TIMES; using porkulus money to give raises to existing employees, then counting them as created jobs!! Yea, I guess I gotta admit that that moron biden has been touting completely false information. In that regard, we're using the "Slick-Willie Method" of information conveyance; Say it long enough--Say it loud enough, and it becomes the truth!! That "...assisting seniors...." thing?? Whad'da load'da shit that was; Man, I was so slick when I stuck it to 'em, those seniors never even saw it coming!!! While I could have approved a 2% COLA raise for Social Security recipients which would have been cheaper initially; I chose to give them a $250, one-time payment. That way, I saved the compounding effect on future COLA increases!!]

We’ve saved jobs by closing state budget shortfalls to prevent the layoffs of hundreds of thousands of police officers, firefighters, and teachers who are today on the beat, on call, and in the classroom because of the Recovery Act. And we’ve also created hundreds of thousands of jobs through the largest investment in our roads since the building of the interstate highways, and through the largest investments in education, medical research, and clean energy in history.

• [What I haven't told you: Closing the various state budget short-falls is nothing more than "rewarding poor performance!!" something I have to continue to keep those KoolAid drinkin' morons in office!! With governors like that idiot David Paterson of New York in office, I have more and more "co-conspirators" in moving the country closer to fascism!! You'll notice that, while I mentioned the important public servants like the cops and the firemen, I intentionally didn't say anything about all the "blood-suckers" that feast at the "government teat" as well as those who are fleecing state governments with their bloated retirement checks!! The educators......?? They'd stay in place if I had'ta pay 'em out'ta my own pocket!! Have ya ever seen such a collection of morons?? NOT all of 'em; but most!! These idiots can't see how or why I'm using 'em like so many slaves; they alter history for me; they author songs praising me, their "messiah" and goad their students into singing them!! As for public works, we're doing nothing more than a continuation of work already planned and funded, using existing companies and existing crews.]

These investments aren’t just helping us recover in the short term, they’re helping to lay a new foundation for lasting prosperity in the long term – and they’re giving hardworking, middle-class Americans the chance to succeed and raise a family. Because of the investments we’ve made and the steps we’ve taken, it’s easier for middle-class families to send their kids to college and get the training and skills they need to compete in a global economy. We’re making it easier for these families to save for retirement. And in areas like clean energy, we’re creating the jobs of the future – jobs that pay well and can’t be outsourced.

• [What I'm not telling you: This new foundation includes the vast majority of the "serf class" in relative poverty. As fascism grows, the more wealth is transferred from those of you who earned it to those of you I've deemed worthy. I have steps in place to level the playing field in this "global economy." During the on-going wealth transfers, the object is to bring the third-world rathole's economies up to equal America's lowered economy. With the national economy near poverty, the only one's attending college will be those children of the "ruling class." By the time all this evens out, my definition of a "job that pays well" will be a half-dollar or so above minimum wage.]

In fact, just this week, I traveled to Arcadia, Florida to announce the largest set of clean energy projects through the Recovery Act so far: one hundred grants for businesses, utilities, manufacturers, cities and other partners across the country to put thousands of people to work modernizing our electric grid – the system that provides power to our homes and businesses – so that it wastes less energy, helps integrate renewables like wind and solar, and saves consumers money. And that’s just one example.

• [What I'm not telling you: ..and you drank enough KoolAid to actually believe my Florida trip was to announce some clean energy scheme?? Not NO, but HELL NO!!! That sidetrip was just to passify the serfs. To keep my fascist plans moving forward, I need more and more morons in office so I had a two-fer!! Two fundraisers; snatching around a Million-Five with a cobbed up bullshit speech, then another million or so for the "moron class" to watch me eat supper!!]

So, we have made progress. At the same time, I want to emphasize that there’s still plenty of progress to be made. For we know that positive news for the economy as a whole means little if you’ve lost your job and can’t find another, if you can’t afford health care or the mortgage, if you do not see in your own life the improvement we are seeing in these economic statistics. And positive news today does not mean there won’t be difficult days ahead. As I’ve said many times, it took years to dig our way into the crisis we’ve faced. It will take more than a few months to dig our way out. But make no mistake: that’s exactly what we will do.

• [What I'm not telling you: If you can't afford health care or a mortgage now, you DAM' SURE ain't gonna be able to in the future!! When the "congressional moron caucus" gets done with ya, you'll financially "be on your back; lookin' up; wonderin' how the Hell ya got there!!!"]

For the economy we seek is one where folks who need a job can find one and incomes are rising again. The economy we seek is one where small businesses can flourish and entrepreneurs can get the capital they need to plant new seeds of growth. The economy we seek is one that’s no longer based on maxed out credits cards, wild speculation, and the old cycles of boom or bust – but rather one that’s built on a solid foundation, supporting growth that is strong, sustained, and broadly shared by middle class families across America. That is what we are working toward every single day. And we will not stop until we get there.

• [What I'm not telling you: "Those who want to flip hamburgers will be able to..." What I really need though, is an economy WITH maxed-out credit cards; with mortgages they can't pay!! The more I bail out--the more will drink the "koolAid!!!"]

Thank you. And Happy Halloween.

• [What I'm not telling you: It's gonna be one helluva scary ride from here-on-out!!!!]

Til Nex'Time....

This'n'That October 31st[Lion;GDP;

The Lion "Clown Prince!!"

[The lyin' "Clown Prince" says that 650,000 jobs were created or saved by the porklus spending. ALL "fluffy math" by someone who relies on "FLUFFY TRUTH!!!]

The stimulus has created 30,000 jobs... or so we thought. According to a new AP report, it looks like even that number is inflated. The AP says that in many cases jobs were counted as many as four times. A Colorado company claimed that thanks to the stimulus it had created over 4,000 jobs. The real number: less than one thousand. And a Florida child care center reported that it saved 129 jobs when in reality it just gave pay raises to its existing employees. The White House did not take kindly to this report. It fired back just 10 minutes after the article appeared, saying that the AP, "looked only at the earlier data posted, representing just 2 percent of Recovery Act spending. The data errors cited by AP... are not significant to the total job count... that will be posted on Friday."

GDP Definition:

[Gross Domestic Product [GDP]: The total value of private consumption [consumer spending] + Total of government spending + total of business spending on capital.]

Fueled by government stimulus, the economy grew last quarter for the first time in more than a year. Federal support for spending on cars and homes drove the economy up 3.5 percent from July through September. But the government aid [read: Porkulus spending] is only temporary. Consumer spending, which normally drives recoveries, is likely to weaken without it. If shoppers retrench in the face of rising joblessness and tight credit, the fragile recovery could tip back into recession. For the Obama administration, the positive report on economic growth is a delicate one: It wants to take credit for ending the recession. On the other hand, it needs to acknowledge that rising joblessness continues to cause pain throughout the country. Millions of Americans have yet to benefit from the recovery in the form of job creation or an easier time getting a loan. Even those with jobs are reluctant to spend. The values of their homes and 401(k)s remain shrunken. The Lion "Clown Prince" called the report “welcome news” in remarks prepared for a small-business group but failed to acknowledge that the latest stastics are probably the most misleading since he and his czarist regime took office. “The benchmark I use to measure the strength of our economy is not just whether our GDP is growing, but whether we're able to convince the public that we're creating jobs, whether families are having an easier time paying their bills, whether our businesses are hiring and doing well,” Fluffy said. The rebound reported Thursday by the Commerce Department allegedly ended the record streak of four straight quarters of contracting economic activity. The recovery can't possibly continue after government supports are gone--the government portion of this GDP report is skewing the result to the positive.The National Association for Business Economics thinks growth will slow to a 2.4 percent pace in the current October-December quarter. It expects a 2.5 percent growth rate in the first three months of next year, although other economists believe the pace will be closer to 1 percent. Christina Romer, Obama’s chief economist, should acknowledge that the government’s stimulus spending is thusfar, the greatest hoax of the fledgling 21st century!! Armed with cash from government support programs, consumers led the rebound in the third quarter, snapping up cars and homes, thus confirming the skew effect of government meddling in the private sector. Federal government spending rose at a rate of 7.9 percent in the third quarter, on top of a 11.4 percent growth rate in the second quarter. Businesses boosted spending on equipment and software at a 1.1 percent pace, the first increase in nearly two years. The disparity in the statistics further proves the false signal of the GDP increase!! “Even if we’ve turned the corner, we know it’s a long way before we’re completely recovered,” Christina Romer, chair of the White House Council of Economic Advisers, said in an interview with The Associated Press. “You can’t have an unemployment rate of 9.8 percent and not be deeply troubled.” The last thing Fluffy wants anyone to know is the latest "U-6" total unemployment rate: 16.8%, up from the 1982 high of 14.3%!! With joblessness growing and wages dipping in the third quarter, consumers are expected to turn more restrained in the months ahead. To foster the recovery, the Federal Reserve is expected to keep a key bank lending rate at record low near zero when it meets next week.

The Lyin' Sunsa'Bitches!!

[I tol'ja..DO NOT believe the Lion "Clown Prince" or the "congressional moron caucus!!!"...and they expect us to believe their bullshit about no cost increases, no tax increases, on-and-on-and-on.... Passages of this fascist scheme are just what Sarah Palin warned us about!! HERE IT IS:]

• Porklosi Plan, Page 94: "Prohibits the sale of private individual health insurance policies, beginning in 2013, forcing individuals to purchase coverage through the federal government." In 2013, after the 2012 presidential election. In 2013, there is no private insurance allowed. The sale of it will be prohibited.
• Porklosi Plan, Page 110: "Requires the use of federal dollars to fund abortions through the government-run health plan -- and, if the Hyde Amendment were ever not renewed, would require the plan to fund elective abortions.
• Section 223, Page 111: "Establishes a new board of federal bureaucrats (the 'Health Benefits Advisory Committee') to dictate the health plans that all individuals must purchase -- and would likely require all Americans to subsidize and purchase plans that cover any abortion." The death panels are back!!
• Section 321, Page 211: "Establishes a new government-run health plan that, according to non-partisan actuaries at the Lewin Group, would cause as many as 114 million Americans to lose their existing coverage."
• Section 330, Page 225: "Permits -- but does not require -- Members of Congress to enroll in government-run health care." So they'll be able to opt out of it and maintain their Cadillac plans.
• Section 345, Page 255: "Includes language requiring verification of income for individuals wishing to receive federal health care subsidies under the bill -- while the bill includes a requirement for applicants to verify their citizenship, it does not include a similar requirement to verify applicants' identity, thus encouraging identity fraud for undocumented immigrants and others wishing to receive taxpayer-subsidized health benefits."
• Section 501, Page 297: "Imposes a 2.5 percent tax on all individuals who do not purchase 'bureaucrat-approved' health insurance -- the tax would apply on individuals with incomes under $250,000, thus breaking a central promise of then-Senator Obama’s presidential campaign."
• Section 512, Page 313: "Imposes an 8 percent 'tax on jobs' for firms that cannot afford to purchase 'bureaucrat-approved' health coverage; according to an analysis by Harvard Professor Kate Baicker, such a tax would place millions 'at substantial risk of unemployment' -- with minority workers losing their jobs at twice the rate of their white counterparts."
• Section 551, Page 336: "Imposes additional job-killing taxes, in the form of a half-trillion dollar 'surcharge,' more than half of which will hit small businesses; according to a model developed by President Obama’s senior economic advisor, such taxes could cost up to 5.5 million jobs." This is $500,000 for single filers, million dollars, the income surcharge on those earners. A lot of these people are small business owners.
• Section 1161, Page 520: "Cuts more than $150 billion from Medicare Advantage plans."
• Section 1401, Page 733: "Establishes a new Center for Comparative Effectiveness Research; the bill includes no provisions preventing the government-run health plan from using such research to deny access to life-saving treatments on cost grounds, similar to Britain’s National Health Service, which denies patient treatments costing more than $35,000."
• Section 1802(b), Page 1174: "Includes provisions entitled 'TAXES ON CERTAIN INSURANCE POLICIES' to fund comparative effectiveness research [This breaks Porklosi’s promise that 'We will not be taxing {health} benefits in any bill that passes the House].'"

This is just a cursory look at a nearly 2,000 page bill!!! They could'da done it iwith one page: If you're here-buy our insurance!!

Til Nex'Time....

This'n'That;October 30th[Ingrates;Hypocrisy;Lil'Bastards;"25"]

Have They "Nothing Better To Do?"

[Look what segments of the 535 member "congressional moron caucus" are doing. Rather than represent their constituents, they haggle over professional sports!! Tell me "it ain't all about the control!!!" Control and the continued pissing away of taxpayers' money by these ingrates. ]

[NATIONAL FOOTBALL LEAGUE:] Committee chairman John Conyers (D-Mich.) asked National Football League commissioner Roger Goodell if there was a link between head injuries in players and the contraction of future brain conditions such as dementia, Alzheimer's disease, and clinical depression. Goodell danced around the question, responding that "we want to make sure our game is safe. that's why we have engaged aggressively in making changes to our game," citing rule changes and educational efforts to teach players and staff about head trauma. Conyers was not pleased. "You've testified to that, but I just asked you a simple question. what's the answer?" he asked. "The answer is the medical experts are no better than I would with respect to that," Goodell responded. Again displeased, Conyers said "Alright, Ok, I've heard it." Rep. Maxine Waters (D-Calif.), whose husband played in the NFL, also engaged in a heated conversation with Goodell. At one point she said the NFL's antitrust exemption should be removed after she expressed dissatisfaction with one of his answers. During the hearing, Conyers pushed for an independent review of head trauma in the league. Ranking member Lamar Smith (R-Texas), along with other Republicans, questioned the purpose of the hearing. "The NFL does not need Congress to referee this issue," he said.

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[WORLD SERIES:] Sen. Kirsten Gillirbrand (D-N.Y.) had a strong message for Sen. Arlen Specter (D-Pa.) on Wednesday: "you're going down!" No, she wasn't talking about a piece of legislation or his primary against Rep. Joe Sestak (D-Pa.) This jab was about the World Series between the New York Yankees and Philadelphia Phillies, which starts tonight in the Bronx. Gillibrand tweeted today: @SenArlenSpecter Respectfully, Senator, sir...you're going down! @twittificatious Just a friendly wager w/ @SenArlenSpecter over who will win the World Series Twitter users @twittificatious was originally confused by her message. He tweeted: @SenGillibrand Why doe Sen. Specter deserve your unkind words? The smack talk started when New York's and Pennsylvania's senators made a bet on who would win the Word Series this week. If the Phillies win, Specter and Sen. Robert Casey will receive a shipment of New York cheesecake courtesy of the Empire State's delegation. If the Yankees win, Sens. Gillibrand and Charles Schumer will get a serving of Philly cheesesteaks from the Keystone Staters. Specter, like a good, boisterous Philadelphia fan, started the trash talking, tweeting "I look forward to enjoying NY cheesecakes, although nothing will be as sweet as the Phillies' back-to-back titles."

...And They Censured Joe Wilson?!?!

[The House of RepresentaRATs officially rebuked Rep Joe Wilson for yelling out the truth {"You Lie!!"} during a recent "Clown Prince" propaganda "Blather-Op." All Mr Wilson did was tell the truth!! BUT, when a democRAT questions the "part-time work" of a DC lobbyist.... Nuttin' happens!! Just another example of democRAT hypocrisy.]

Rep. Alan Grayson (D-Fla.) , talking to radio talk show host Alex Jones, called the woman a ‘K Street whore.’ Grayson plucked the oldest gender-biased term in history to criticize a female, though when he made the statement he claimed he didn’t remember her name. Media assumed Grayson was referencing Linda Robertson [the Fed's head lobbyist] and a later statement from his office appeared to confirm it.Graves issued a statement on Tuesday, shortly after the story broke though Grayson’s slur was made in September. Grayson made news earlier for his publicity push, complete with signage and a website, telling the public Republicans want people to die quickly, earning him the moniker the 'Die Quickly Democrat' in some quarters. The US Report made small waves by responding that if Republicans want us to die quickly, Democrats want us to die broke. Ironically, though he pegged Ms. Robertson as a “whore,” he did not identify the name of whomever he perceives as her pimp. No democRAT organizations protested, a reflection perhaps of an established attitude towards women exhibited by well-documented DemocRAT philanderers like Presidents Franklin Delano Roosevelt, John F. Kennedy, and Bill Clinton, as well as the late senators Bobby and "Phatt" Kennedy!!

More "Lil' Bastards!"

[Rochester, N.Y., seems to have more than it's share of "Lil' Bastards!" Well, two more materialized recently; Jaquan Clark and Leon Woods-MISERABLE PRICKS, all!!! Is it any wonder that Rochester's population has dropped nearly 6% in 8 years {2000-2008}??} Continued thinning of the welfare ranks!!]

Jaquan Clark has been convicted of killing four people last December.A jury returned a guilty verdict Thursday on four counts of second-degree murder and two counts of criminal possession of a weapon. Clark was 17 when he killed Alfred Ocasio, 37, on Skuse Street two days before Christmas 2008.

Four days later, he killed Arielle Griffin, 17, Jeffrey Szymkowski, 33, and Donald MacMaster, 62, on Bernice Street.

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A 23-year-old Rochester man has been arrested, accused of assaulting a referee at a semi-pro football game. Western New York Cougars football player Leon Woods has been charged with 2 counts of assault on referee Pete McCabe. McCabe was deliberately hit in the face with a football helmet Saturday night in a game against the Glove City Colonials at Edgerton Park in Rochester. McCabe will undergo facial reconstructive surgery Friday. Woods was arrested last night around 11 p.m. on Empire Boulevard. Bail has been set at $10,000 cash and $30,000 property bond.

Twenty-Five Nincompoops [& Nincompoopettes]

[I found these 25 morons; better yet--self-centered, greedy assholes; on one of Time, Inc's websites. Think the "Clown Prince" will ever demand personal accountability by the perpetrators?? Nah-They're "KoolAid Drinkers!!!"]

25 Most Responsible For The Financial Crisis Angelo Mozilo co-founded Countrywide in 1969 and built it into the largest mortgage lender in the U.S. Countrywide; offered exotic mortgages to borrowers with a questionable ability to repay them. Phil Gramm Chairman of the Senate Banking Committee from 1995 through 2000. Gramm was Washington's most prominent and outspoken champion of financial deregulation. He played a leading role in writing and pushing through Congress the 1999 repeal of the Depression-era Glass-Steagall Act, which separated commercial banks from Wall Street. Alan Greenspan The super-low interest rates Greenspan brought in the early 2000s; long-standing disdain for regulation are now held up as leading causes of the mortgage crisis--admitted that he had "made a mistake in presuming" that financial firms could regulate themselves. Chris Cox The ex-SEC chief's ignoring of repeated allegations of fraud in the Madoff scandal is mind-blowing; says his agency lacked authority to limit the massive leveraging that set up last year's financial collapse. In truth, the SEC had plenty of power to go after big investment banks like Lehman Brothers and Merrill Lynch for better disclosure, but it chose not to. American Consumers In the past 40 years Americans have been borrowing, borrowing, borrowing — living off and believing in the wealth effect, first in stocks, which ended badly, then in real estate, which has ended even worse. Household debt in the U.S. — the money we owe as individuals — zoomed to more than 130% of income in 2007, up from about 60% in 1982.

Hank Paulson Left the top job at Goldman Sachs to become Treasury Secretary in 2006. He ended up almost single-handedly running the country's economic policy for the last year of the Bush Administration. The three main gripes against Paulson are that he was late to the party in battling the financial crisis, letting Lehman Brothers fail was a big mistake and the big bailout bill he pushed through Congress has been a wasteful mess. Joe Cassano As a founding member of AIG's financial-products unit, pushed CDSs. In good times, AIG's massive CDS-issuance business minted money for the insurer's other companies. But those same contracts turned out to be at the heart of AIG's downfall. So far, the U.S. government has invested and lent $150 billion,keeping AIG afloat. Ian McCarthy [NOTE: This blogger has a financial position in BZH] CEO of Beazer Homes since 1994. McCarthy has become something of a poster child for the worst builder behaviors. The Charlotte Observer in 2007 highlighted Beazer's aggressive sales tactics, including lying about borrowers' qualifications to help them get loans. The FBI, HUD and IRS are all investigating Beazer. Employees of its mortgage unit violated regulations — like down-payment-assistance rules —at least as far back as 2000. It is cooperating with federal investigators. Frank Raines The Fannie Mae mess is the progeny of many parents: Congress, which created Fannie in 1938 and loaded it down with responsibilities; President Lyndon Johnson, who in 1968 pushed it halfway out the government nest and into a problematic part-private, part-public role in an attempt to reduce the national debt; and Jim Johnson, who presided over Fannie's spectacular growth in the 1990s. Raines, a Clinton Budget Director, was at the helm when things really went off course. Raines was the first African-American CEO of a Fortune 500 company when he took over in 1999. He left in 2004 with the company embroiled in an accounting scandal just as it was beginning to make big investments in subprime mortgage securities that would later sour. Last year Fannie and rival Freddie Mac became wards of the state. Kathleen Corbet By slapping AAA seals of approval on large portions of even the riskiest pools of loans, rating agencies helped lure investors into loading on collateralized debt obligations (CDOs) that are now unsellable. Corbet ran the largest agency, Standard & Poor's, during much of this decade, though the other two major players, Moody's and Fitch, played by similar rules. How could a ratings agency put its top-grade stamp on such flimsy securities? A glaring conflict of interest is one possibility: these outfits are paid for their ratings by the bond issuer. As one S&P analyst wrote in an email, "[A bond] could be structured by cows and we would rate it." Dick Fuld Steered Lehman deep into the business of subprime mortgages, bankrolling lenders across the country that were making convoluted loans to questionable borrowers. Lehman even made its own subprime loans. The firm took all those loans, whipped them into bonds and passed on to investors billions of dollars of what is now toxic debt. For all this wealth destruction, Fuld raked in nearly $500 million in compensation during his tenure as CEO. Marion and Herb Sandler In the early 1980s, the Sandlers' World Savings Bank became the first to sell a tricky home loan called the option ARM. And they pushed the mortgage with increasing zeal and misleading advertisements over the next two decades. The couple pocketed $2.3 billion when they sold their bank to Wachovia in 2006. Losses on World Savings' loan portfolio led to the implosion of Wachovia, which was sold under duress late last year to Wells Fargo. Bill Clinton "Slick-Willie's" tenure was characterized by economic prosperity and financial deregulation and set the stage for the excesses of recent years. His free-wheeling capitalism led to the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. "Slick" played a role in creating a permissive lending environment. George W. Bush Embraced a governing philosophy of deregulation which trickled down to federal oversight agencies, which eased off on banks and mortgage brokers. Bush did push early on for tighter controls over Fannie Mae and Freddie Mac, but he failed to move Congress. After the Enron scandal, Bush backed and signed the Sarbanes-Oxley Act. SEC head William Donaldson tried to boost regulation of mutual and hedge funds, he was blocked by Bush's advisers and quit. The meltdown began on Bush's watch. Stan O'Neal Merrill Lynch CEO until 2007; guided the firm into the lucrative game of creating collateralized debt obligations (CDOs), which were largely made of subprime mortgage bonds. To provide a steady supply of the bonds, O'Neal allowed Merrill to load up on the bonds and keep them on its books. By June 2006, Merrill had amassed $41 billion in subprime CDOs and mortgage bonds. As the subprime market unwound, Merrill went into crisis, and Bank of America swooped in to buy it. Wen Jiabao Think of Wen--proxy for the Chinese government--which supplied the U.S. with an unprecedented amount of credit over the past eight years. China is now the largest creditor to the U.S. government, holding an estimated $1.7 trillion in dollar-denominated debt; linked to China's efforts to control the value of its currency. China didn't want the renminbi to rise too rapidly against the dollar, in part because a cheap currency kept its export sector humming — which it did until U.S. demand cratered last fall. David Lereah As chief economist at the National Ass'n of Realtors, did more than issue rosy forecasts. He regularly trumpeted the infallibility of housing as an investment in interviews and on TV. Lereah says he grew concerned about the direction of the market in 2006; in a January 2007 statement: "It appears we have established a bottom." John Devaney By buying up mortgage loans, he and other hedge-fund managers made it profitable for lenders to make questionable loans and then sell them off. Devaney wasn't just a big buyer of mortgage bonds — he had his own $600 million fund devoted to buying risky loans — he was one of its cheerleaders, but in early 2007, talking about option ARM mortgages, he said "The consumer has to be an idiot to take on one of those loans, but it has been one of our best-performing investments." Bernie Madoff His Ponzi scheme inflicted more than $50 billion in losses on society types, retirees and nonprofits. Madoff pulled off the biggest financial fraud in history right under the noses of regulators. The banks and hedge funds that neglected due diligence were stupid and paid for it, while the managers were reprehensibly greedy. Government and industry regulators were grossly incompetent. Lew Ranieri The father of mortgage-backed bonds. In the late 1970s,he coined the term securitization to name a bit of financial alchemy in which home loans were packaged together by Wall Street firms and sold to institutional investors. In 1984 Ranieri boasted that his mortgage-trading desk "made more money than all the rest of Wall Street combined." As homeownership exploded in the early '00s, the mortgage-bond business inflated Wall Street's bottom line. When subprime borrowers started missing payments, the mortgage market stalled and bond prices collapsed. Investors lost fortunes. Burton Jablin The programming czar at Scripps Networks, helped inflate the real estate bubble by teaching viewers how to extract value from their homes. Programs like Designed to Sell, House Hunters and My House Is Worth What? developed loyal audiences. Jablin didn't act alone: shows like Flip That House (TLC) and Flip This House (A&E) also came on the scene. Fred Goodwin The former boss of Royal Bank of Scotland (RBS), was "Fred the Shred," due to his knack for paring costs. A slew of acquisitions changed that; RBS investors saw him as a megalomaniac, but is simply "the world's worst banker." Goodwin got greedy. More than 20 takeovers helped him transform RBS. But he couldn't stop there. As the gloom gathered in 2007, Goodwin couldn't resist leading a $100 billion takeover of Dutch rival ABN Amro. The result: the British government pumped $30 billion into the bank, which expects 2008 losses to be the biggest in U.K. corporate history. Sandy Weill He cobbled together the first great financial supermarket, Citigroup. Rivals followed Citi. The swollen banks are now one of the country's major economic problems. The government's spent hundreds of billions of dollars to keep them afloat. The government has already spent $45 billion trying to fix Citigroup.

Til Nex'Time....

This'n'That;October 29th[Lead?;Balls;Ritchie;D-3;Recession]

Will "Clown Prince" EVER Lead??

I got my doubts!! "Clown Prince" obama just kinda wanders around the political landscape.....but..... he rarely exhibits any political leadership. His czar and czarina-comrades continue to reshape America without senatorial approval [as required] while Fluffy wanders around:

• Playing golf and basketball;
• Demonstrating crooked "Chicago-style" politics on foreign shores [2016 Olympic Games ring a bell?]
• Spending a half-million bucks taking "The Chin" to a New York dinner and the theater;
• Conducting fundraisers all over the country for those democRATs the administration fears will be bounced outta office by voters who've been listening to Fox NEWS;
• Wasting time "stumping" all over the country to promote his FluffyCare healthcare reform hoax, which is quickly "dying on the vine!!"

As an Air Force and Army veteran of the 1960s, '70s and '80s, I find his lack of caring and concern for the American soldier, unconscionable!!! He's leaving the American/NATO forces "swinging-in-the-breeze" in Afganistan!! How long would it take; 30 minutes-MAYBE, to listen to the advice of his in-country commanders..... and MAKE A DECISION, already!! Come-ON, Fluffy!!! Shit-or-get-off-the-pot!!!!!!

...But...He's Got BALLS!

While the aforementioned soldiers have their asses hanging out for any third-world, muslim terrorist to shoot at, Fluffy took the opportunity for a photo-op!! That opportunity came during the October 28-29th overnight arrival of 18 fallen American heros to Dover AFB, Md. This worthless Son-Of-A-Bitch won't make a decision to either send more troops and support equipment OR "pull-the-plug" on the whole operation....BUT... He'll use the arrival of 18 caskets to create a photo-op. This was a "Clown Prince" secret-op, with ONLY a couple of dozen reporters [Fox NEWS?] at the scene of the desecration!!! He's ABSOLUTELY WORTHLESS!!!

More On the "No New Plates" Campaign Capital Region county clerks join petition drive urging an end to higher fees, replacement tags By RICK KARLIN, Capitol bureau. First published: Wednesday, October 28, 2009 ALBANY -- Last year, homeowners marched to the Capitol in pursuit of a property tax cap. Earlier this year, Tea Party activists paraded around the state last summer. But New York's latest tax revolt has wheels. County clerks have launched a series of petition drives to protest the newest financial toll facing New Yorkers: a requirement that, starting in April, motorists must buy new $25 license plates when their vehicle registrations come due. That's a $10 increase from the current price, and a $19.50 increase since the last time new plates were issued, 2001. And if you want to keep the same number, it will run you an additional $20. (That price, however, hasn't changed since 2001.) "I've got close to 2,000 signatures already," said Rensselaer County's Frank Merola, one of a growing handful of county clerks offering paper or online petitions protesting the mandated license plates and their attendant cost. "Not a customer up here thinks they need to replace the plates," said Merola, who echoed several other clerks in describing state license and registration fees as "cash cows" for the state. Drivers licenses, good for eight years, are also rising this year to $64.50, up from $50. And a two-year registration for a car is going up from an average $44 to $55. The need to buy and install new license tags, however, seems to have really struck a particularly sensitive nerve. "I have people stopping me in the store to sign," said Columbia County Clerk Holly Tanner, who is also offering a petition and has collected about 1,500 signatures so far. Some of the petitions are online; a Saratoga County effort went up Tuesday at http://www.nonewlicenseplates.com. "Please join Saratoga County Clerk Kathy Marchione in urging the New York State Legislature and Gov. Paterson to repeal the new license plate requirement ... and tell Albany to Give Us a Break!" it reads in part. The first online petition appears to have started last month in St. Lawrence County when the clerk there, Patty Ritchie [photo], launched one at http://www.nonewplates.com. They now have 26,000 signatures, said Deputy Clerk Mary Lou Rupp, who said people are also calling from all over the state. This isn't the first time that locally elected county clerks have taken on the state. They played a major role two years ago in prompting then-Gov. Eliot Spitzer to abandon a plan to give drivers licenses to people even if they had no proof of citizenship. At the time, a dozen clerks including Merola and Tanner said they wouldn't give out such licenses. Like Merola and Tanner, Marchione is a Republican. So is St. Lawrence's Ritchie, whose petition also notes that Democratic Assemblywoman Addie Russell and Sen. Darrel Aubertine voted for the plan. (Ritchie also is one of GOP House candidate Dede Scozzafava's campaign managers in the 23rd Congressional District race.) The new policy was part of this year's state budget. Republican senators voted en masse against the budget and lambasted the new taxes and fees imposed by it; some Assembly Republicans also voted against the budget. There's already been some legislative pushback on the license plates: Schenectady Republican Assemblyman Jim Tedisco on Tuesday called for Gov. David Paterson to exempt seniors and disabled drivers from the new fees. The license tag protests aren't purely partisan, though. "People are upset, and I don't blame them," said Oneida County Clerk Sandy DePerno, a Democrat. While she doesn't have a petition, she joined in the unanimous vote last month urging the governor and Legislature to rethink the mandatory new plates. The state has said the plates, which date to 2001, are fading and should be replaced so police can be sure to see them. But they also admit that the plan will raise $129 million -- no small matter given the state's $5 billion, two-year budget deficit. "How are these county clerks suggesting we make up the lost revenue?" asked Paterson spokesman Morgan Hook. The issue has special resonance given the fact that so many New Yorkers, regardless of where they live or how they vote, have cars. "It really cuts across all the different demarcations," said Grant Reeher, a political science professor at Syracuse University's Maxwell School of Citizenship and Public Affairs. Even people who are somewhat supportive of Paterson say the license tag issue is an irritant. "This is just another example of the state needing to raise money," said Judy Grunberg, a Chatham restaurateur and Democrat who is helping pass out petitions. She said she doesn't mind paying more if the state is broke, but objects to using the plates as a fundraising vehicle. "I'd rather send in my $50," she said. "Just leave me alone. Let me keep the plate on my car." Rick Karlin can be reached at 454-5758 or by e-mail at rkarlin@timesunion.com Hot over wheels tax What: New York state license plate requirement When: The new requirement starts in April and comes due when your registration is up for renewal. How much: $25 (up from $15) If you want the same tag number: Another $20 Have an opinion? Join the discussion on this issue at http://blog.timesunion.com/savingssource

Another "Dave-The-Turd" Money Grab!

There’s ongoing confusion for truckers in New York about driving along certain routes. The problem has drawn the attention of multiple agencies, as well as Gov. David Paterson. The New York State Department of Transportation and New York City Department of Transportation have put together a brochure, which is intended to benefit truckers who are looking to avoid situations where they might get caught up on restricted routes. The brochure provides phone numbers and Web addresses for truck drivers in need of additional information or trip planning. Highlighting the concerns of bridge strikes on these routes, it also includes tips on what do when approaching a low overhead clearance. The restricted downstate parkways are listed and shown on a map. Possible punishments and repercussions for getting caught on restricted routes also are listed. The brochure stresses that relying solely on GPS units or online mapping is not advised, and it includes a plea to “always obey posted signage.” In addition to the brochure, the agencies are working with the New York State Police and Westchester County as part of the Bridge Strike Mitigation Task Force. The groups are looking for solutions to the ongoing issue with truckers using restricted routes. While the brochure is in line with the task force’s attempts to help educate professional drivers, Gov. Paterson has opted to pursue legislation that relies on hitting truckers in their pocketbooks. The governor announced in mid October he is pursuing legislation that would require all large trucks to be equipped with enhanced GPS units to direct truckers away from restricted routes. He says action must be taken to address the growing number of truckers who take routes with low clearances, resulting in so-called bridge strikes. Truckers and their companies found in violation of the proposed rule would face numerous penalties, which could include confiscation of the truck, possible jail time, and the trucking companies or their insurance carriers footing some of the costs for repairing damaged bridges. The Owner-Operator Independent Drivers Association was pointed in its assessment of Paterson’s proposal. The Association says efforts like this in New York are causing quality trucking jobs to go elsewhere, as well as raising costs to consumers throughout the state.

Recession Has "Benefits!"

[A break for the taxpayer is one of those benefits! In recent years, it's been a method of deficit reduction for the fascists at every level to sell public assets to private [read: foreign] companies. Both the Indiana Tollway, the Chicago Skyway and untold power production facilities were built with vast amount of taxpayer money, either by direct government 'pork' or the sale of government bonds. Every time entities like these are sold, does the taxpayer get repaid via reduced tax rates?? Not NO, but 'HELL NO!!!!!' The money just goes into the several general funds and gets pissed away on some other give-away program!! One thing tho' that surprises me.... These foreign companies were LEFT OFF the $787BILLION porkulus bill!!!]

Deals to sell Chicago’s Midway Airport, the Pennsylvania Turnpike, and Florida’s Alligator Alley to private investors have all fallen through. Private companies that bought public assets before the recession have mainly lost money. And the Indiana Toll Road and the Chicago Skyway[photo] – which were taken over by Cintra of Spain and the Australian company Macquarie – have now lost an estimated one-third of their value.

Til Nex'Time....

This'n'That; October 28th[Rochester;DrSowell;Polls]

Is Rochester, N.Y., A Rathole? There was a time when "The Big Three" employed two-thirds of the available workers in a five county area. No, NOT Ford and those two failing car companies that obama bought; Eastman Kodak, Xerox and Bauch&Lomb!! As recently as 2000, Kodak's local employees numbered 24,000; the 2008 number is 8,500. Employment with Kodak, Xerox and B&L currently are practically non-existent compared to earlier decades.

• The state's "tax and fee" policies have driven out or stifled, local small business development-the backbone of any economy!!
• The Monroe County budget is 79% controlled by state mandated payments, i.e., welfare and Medicaid payments.
• The Rochester City government invests in one fiasco after another, i.e., the "High Falls" district and the "Fast Ferry" debacles, just to name a couple!!
• The Rochester City School Board is populated with the most liberal of eligible candidates; some of whom are not above calling fellow board members "Mother F**kers" when they disagree with her [Cynthia Elliot's] desires!!
• Rarely has a day gone by that the local rag-The DemocRAT and Chronicle, headlined that another shooting occurred somewhere in the city!! Sometimes, we even have four or five shootings in an evening!! Slowly the welfare rolls are trimming themselves down to a manageable number.

I gotta tell ya, I'd be outta here if it weren't for health insurance coverage; NO-I don't support FluffyCare!! Government By Czar?? [I found this recent column on the internet. I've long admired Thomas Sowell's conservative thoughts and ways. Here's a likeness of Doctor Sowell........ ] Just one year ago, would you have believed that an unelected government official, not even a Cabinet member confirmed by the Senate but simply one of the many "czars" appointed by the President,......

• ...could arbitrarily cut the pay of executives in private businesses by 50 percent or 90 percent? Did you think that another "czar" would be talking about restricting talk radio?
• That there would be plans afloat to subsidize newspapers-- that is, to create a situation where some newspapers' survival would depend on the government liking what they publish? Did you imagine that anyone would even be talking about having a panel of so-called "experts" deciding who could and could not get life-saving medical treatments? Scary as that is from a medical standpoint, it is also chilling from the standpoint of freedom. If you have a mother who needs a heart operation or a child with some dire medical condition, how free would you feel to speak out against an administration that has the power to make life and death decisions about your loved ones?

Does any of this sound like America?

• How about a federal agency giving school children material to enlist them on the side of the president? Merely being assigned to sing his praises in class is apparently not enough. How much of America would be left if the federal government continued on this path? President Obama has already floated the idea of a national police force, something we have done without for more than two centuries.

We already have local police forces all across the country and military forces for national defense, as well as the FBI for federal crimes and the National Guard for local emergencies. What would be the role of a national police force created by Barack Obama, with all its leaders appointed by him? It would seem more like the brown shirts of dictators than like anything American.

• How far the President will go depends of course on how much resistance he meets. But the direction in which he is trying to go tells us more than all his rhetoric or media spin.

Barack Obama has not only said that he is out to "change the United States of America," the people he has been associated with for years have expressed in words and deeds their hostility to the values, the principles and the people of this country.

Jeremiah Wright said it with words: "God damn America!"

Bill Ayers said it with bombs that he planted.

Community activist goons have said it with their contempt for the rights of other people.

Among the people appointed as czars by President Obama have been people who have praised enemy dictators like Mao, who have seen the public schools as places to promote sexual practices contrary to the values of most Americans, to a captive audience of children. Those who say that the Obama administration should have investigated those people more thoroughly before appointing them are missing the point completely.

• Why should we assume that Barack Obama didn't know what such people were like, when he has been associating with precisely these kinds of people for decades before he reached the White House? Nothing is more consistent with his lifelong patterns than putting such people in government-- people who reject American values, resent Americans in general and successful Americans in particular, as well as resenting America's influence in the world.

Any miscalculation on his part would be in not thinking that others would discover what these stealth appointees were like.

Had it not been for the Fox News Channel, these stealth appointees might have remained unexposed for what they are. Fox News is now high on the administration's enemies list.

Nothing so epitomizes President Obama's own contempt for American values and traditions like trying to ram two bills through Congress in his first year:

• Each bill more than a thousand pages long;
• Acted upon too quickly for either of them to be read, much less discussed.

That he succeeded only the first time says that some people are starting to wake up. Whether enough people will wake up in time to keep America from being dismantled, piece by piece, is another question-- and the biggest question for this generation. Polls From "All Over The Map" There's lottsa folks doing polls, most notably Rasmussen, Gallup, Washington Post, CNN and Zogby. Here's some results: The Rasmussen Reports daily Presidential Tracking Poll for Wednesday shows that

• 30% of the nation's voters Strongly Approve of the way that obama is performing his role as President.
• Forty-one percent (41%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -11.
• Eighty-five percent (85%) trust their own judgment more than reporters.
• 53% say the average reporter is more liberal than they are.
• Sixteen percent (16%) say reporters are more conservative.

Forty-seven percent (47%) of baseball fans expect the Yankees to win the World Series this year while 32% pick the Phillies.

****************************************************************************

From Gallup:

The number of months in office before a drop below 50% in approval rating:

• Harry Truman 11
• Dwight Eisenhower 63
• John Kennedy JFK never had an approval rating below 50%
• Lyndon Johnson 29
• Richard Nixon 25
• Gerald Ford 03
• James Carter 13
• Ronald Reagan 10
• G.H.W. Bush[41] 36
• "Slick-Willie" 04
• G.W. Bush [43] 37

[NOTE: John Kennedy never had a sub-50% approval rating in his less-than-three-year term, though his ratings were on a downward trend at the time of his untimely death.]

************************************************************************************

From Quinnipiac Polls:

For U.S. Sen. Christopher Dodd, the news is better but still not great.That's how Quinnipiac University poll director Doug Schwartz assessed the senator's latest poll numbers, released Thursday. Dodd continued to trail his most widely known Republican challenger, former U.S. Rep. Rob Simmons, but

• his disapproval rating fell to 49 percent, 3 percentage points below a July poll's results and well below a high of 58 percent in April.
• Dodd continues to lag below the 50 percent mark on three key measures of public support — job approval, overall honesty and trustworthiness,
• Fifty-one percent of those surveyed said that Dodd was not "honest and trustworthy,"

************************************************************************************

From "Neighborhood Research [New York District 23]:"

• Conservative; Doug HOFFMAN 34%
• democRAT; Bill OWENS 29%
• republicRAT; DeDe SCOZZAFAVA 14%

Til Nex'Time....

This'n'That;October 27th[DubYa/Fluffy;BankTakeovers;Lonsberry]

Anyone See This Email??

[Many thanks, Nanigoat!!]

If George W. Bush was an idiot....

• If George W. Bush had been the first President to need a TelePrompTer installed to be able to get through a press conference, would you have laughed and said this is more proof of how he inept he is on his own and is really controlled by smarter men behind the scenes?
• If George W. Bush had spent hundreds of thousands of dollars to take Laura Bush to a play in NYC, would you have approved?
• If George W. Bush had reduced your retirement plan's holdings of GM stock by 90% and given the unions a majority stake in GM, would you have approved?
• If George W. Bush had made a joke at the expense of the Special Olympics, would you have approved?
• If George W. Bush had given Gordon Brown a set of inexpensive and incorrectly formatted DVD's, when Gordon Brown had given him a thoughtful and historically significant gift, would you have approved?
• If George W. Bush had given the Queen of England an iPod containing videos of his speeches, would you have thought this embarrassingly narcissistic and tacky?
• If George W. Bush had bowed to the King of Saudi Arabia, would you have approved?
• If George W. Bush had visited Austria and made reference to the non-existent "Austrian language," would you have brushed it off as a minor slip?
• If George W. Bush had filled his cabinet and circle of advisers with people who cannot seem to keep current in their income taxes, would you have approved?
• If George W. Bush had been so Spanish illiterate as to refer to "Cinco de Cuatro" in front of the Mexican ambassador when it was the 5th of May (Cinco de Mayo), and continued to flub it when he tried again, would you have winced in embarrassment?
• If George W. Bush had misspelled the word advice would you have hammered him for it for years like Dan Quayle and potato as proof of what a dunce he is?
• If George W. Bush had burned 9,000 gallons of jet fuel to go plant a single tree on Earth Day, would you have concluded he's a hypocrite?
• If George W. Bush's administration had okayed Air Force One flying low over millions of people followed by a jet fighter in downtown Manhattan causing widespread panic, would you have wondered whether they actually get what happened on 9-11?
• If George W. Bush had failed to send relief aid to flood victims throughout the Midwest with more people killed or made homeless than in New Orleans, would you want it made into a major ongoing political issue with claims of racism and incompetence?
• If George W. Bush had ordered the firing of the CEO of a major corporation, even though he had no constitutional authority to do so, would you have approved?
• If George W. Bush had then proposed to double the debt again within 10 years, would you have approved?

So, tell me again, what is it about obama that makes him so brilliant and impressive?

Can't think of anything? Don't worry.

He's done all this in only 5 months -- so you'll have three years and seven months to come up with an answer.

Remember that "Camel's Nose" I Warned About?

[Remember what I said in a previous post about "the camel's nose?" We {actually those in the congress that REFUSE to represent the desires of their constituency} gave Fluffy the unconstitutional authority to bail out all his "KoolAid drinkin' " supporters. Now that the camel has gotten his nose under the tent flap, he's forcing the rest of his body inside. Will there be any room in the tent for you and I?? I warned about a growth in the authority the Fluffy administration assumed!! First they bailed out the banks of their buddies, then they started printing greenbacks by the TRILLIONS OF DOLLARS, now.... they're proposing to TAKE OVER ALL FINANCIAL INSTITUTIONS!!! How's that Hopeless Change workin' for ya, now??? I still don't understand this "too big to fail" bullshit!! Propping up unproductive institutions, no matter what they are, is the lowest of business practices!! It only serves to "reward poor performance!!"]

The obama administration and House democRATs, led by barney frank, are devising a plan for how to take over large companies that have run into problems like those that arose last fall. The plan would allow the federal government to take over all financial institutions, including non-banks, and inject money to facilitate an orderly unwinding. The plan makes clear that creditors and shareholders would incur losses for the failing company and the financial industry will be taxed – much like power company is assessed a pollution tax — to help defray the cost of a bailout. Except for the tax, the plan doesn’t differ that much from the reality of what happened during the financial crisis. In essence, it only serves to solidify the existence of banks that are “too big to fail” by making into law a plan to save them. When Washington Mutual was taken over by JP Morgan or when Wachovia was bought by Wells Fargo in government arranged deals, shareholders were crushed but creditors were largely spared major losses. Contrast this proposal with the European response to the crisis, where regulators are cracking down on big banks. The latest target: Under pressure from the European Union, ING Groep NV is being forced to simplify its operations and shed its insurance business and U.S. online bank. While U.S. banking giant, Citigroup, has been forced to divest some assets, its moves have paled next to the shrinkage at ING. The Dutch bank is cutting its balance sheet in half. EU regulators have set they stage for more shrinkage. They offered ING an early redemption window to pay back its government aid.

There’s a possibility that if Congress passes stricter capital requirements for large financial institutions then U.S. firms will also see the need to pare down to stay profitable. But for the very largest U.S. banks, too big to fail seems here to stay.

How 'bout That Bob Lonsberry, huh??

This is the guy that devised the "FUBO" tee-shirts and bumper stickers!! Now, among other items, he's come up with "FUNY"....... not that it's humorous.... It's a statement the wearer is MORE THAN DISSATISFIED with New York State and those who mismanage it's government. Ya gotta see all the stuff he offers... REALLY GREAT!!!!

• http://www.fubowear.com/
• http://www.lonsberry.com/

Check both sites out!!

Til Nex'Time....

"Clown Prince" Weekly Blather; October 24th

A Patriotic Response to the Weekly "Fluff"

Remarks of barack [INSANE] Obama, Mm...Mm...Mm!!

Weekly Address, October 24, 2009; Washington, DC All across America, even today, on a Saturday, millions of Americans are hard at work. They’re running the mom and pop stores and neighborhood restaurants we know and love. They’re building tiny startups with big ideas that could revolutionize an industry, maybe even transform our economy. They are the more than half of all Americans who work at a small business, or own a small business. And they embody the spirit of possibility, the relentless work ethic, and the hope for something better that is at the heart of the American Dream.

[What I'm not telling you: This "American Dream" thing.... as you know it, is going to be a thing of the past. The independent spirit shown by the founders of this country is detrimental to the plans I have for America..... for the world as a whole. Independence can lead to great wealth-and conversely-great poverty!! In my fascist style program for The United States, personal independence and wealth can not play a part. For my plan of world economic equality, there's currently no effective way to increase the personal or governmental wealth worldwide. The most effective plan to achieve my goal is to reduce Americans' personal wealth.]

They also represent a segment of our economy that has been hard hit by this recession. Over the past couple of years, small businesses have lost hundreds of thousands of jobs. Many have struggled to get the loans they need to finance their inventories and make payroll. Many entrepreneurs can’t get financing to start a small business in the first place. And many more are discouraged from even trying because of the crushing costs of health care – costs that have forced too many small businesses to cut benefits, shed jobs, or shut their doors for good. Small businesses have always been the engine of our economy – creating 65 percent of all new jobs over the past decade and a half – and they must be at the forefront of our recovery.

[What I'm not telling you: It is true, small business is a far larger segment of the economy than the public realizes. What's also true is I'd rather that more of them fell on "hard-times" thus requiring more and more federal financial assistance. This is a two-pronged benefit to me: First, with needed financial help, I'm in a better position to meddle in that segment of the economy, to pick-and-choose those that receive assistance; to "spank" those who don't fall in line with my desires [think: Fox News!!]. Secondly, the more dire straits this segment is in, the greater the unemployment rates attributed to them. Ever higher unemployment rates, while I publically disparage them, are an integral part of the whole scheme; the higher the they are-the easier it is to force this FluffyCare crap down the public throat!!]

That’s why the Recovery Act was designed to help small businesses expand and create jobs. It’s provided $5 billion worth of tax relief, as well as temporarily reducing or eliminating fees on SBA loans and guaranteeing some of these loans up to 90 percent, which has supported nearly $13 billion in new lending to more than 33,000 businesses. In addition, our health reform plan will allow small businesses to buy insurance for their employees through an insurance exchange, which may offer better coverage at lower costs – and we’ll provide tax credits for those that choose to do so. And this past week, I called on Congress to increase the maximum size of various SBA loans, so that more small business owners can set up shop and grow their operations. I also announced that we’ll be taking additional steps through our Financial Stability plan to make more credit available to the small local and community banks that so many small businesses depend on – the banks who know their borrowers, who gave them their first loan and watched them grow.

[What I'm not telling you: While I publically express a desire to put small businesses on the path to profitability and success; privately, I "sing a different song." Small businesses account for more than 50% of GDP. Small businesses are being choked by only having access to a paltry $5Billion out of the whole $787Billion Porkulus bill. Compare this to the auto industry's portion of GDP and the amount of money I spent to buy two of the "big three" auto companies!! {Note to self: How the Hell can we "spank" Ford for having the foresight to eliminate their need for any bailout funds? Get Czar-Comrades Bloom and Feinberg on this ASAP!! Congratulate Czar-Comrade Kundra on the Fox NEWS "spanking," WELL DONE!!} See how that works? The greater segment of the economy-the smaller amount of money available for sustainability!! So far, my czars and I have managed to get the SBA loan failure rate up from a dismal 2.4% in 2004 to the 2008 rate of 12%!! {Anybody for more KoolAid?!?!}]

The goal here is to get credit where it’s needed most – to businesses that support families, sustain communities, and create the jobs that power our economy. That’s why we enacted the Financial Stability Plan in the first place, back when many of our largest banks were on the verge of collapse; our credit markets were frozen; and it was nearly impossible for ordinary people to get loans to buy a car or home or pay for college. The idea was to jumpstart lending and keep our economy from spiraling into a depression. Fortunately, it worked. Thanks to the American taxpayers, we’ve now achieved the stability we need to get our economy moving forward again.

[What I'm not telling you: I'm merely continuing the policies that democRAT comrades Cuomo and "Slick-Willie" Clinton instituted in the 1990s. They loosened the personal financial requirements to almost ZERO, to put "less-than-deserving" folks into homes they couldn't afford and by-and-large, had no desire to pay for!! This turned out to be a beneficial two-edged sword for all of us!! "Slick" got the credit for putting more folks in housing; I have the benefit of continuing the tax policies that will eventually re-distribute most of Americans' wealth, if not worldwide-at least nationwide.... primarily to those "KoolAid drinkers" whose votes are for sale.]

But while credit may be more available for large businesses, too many small business owners are still struggling to get the credit they need. These are the very taxpayers who stood by America’s banks in a crisis – and now it’s time for our banks to stand by creditworthy small businesses, and make the loans they need to open their doors, grow their operations, and create new jobs. It’s time for those banks to fulfill their responsibility to help ensure a wider recovery, a more secure system, and more broadly shared prosperity. And we’re going to take every appropriate step to encourage them to meet those responsibilities. Because if it’s one thing we’ve learned, it’s that here in America, we rise and fall together. Our economy as a whole can’t move ahead if small businesses and the middle class continue to fall behind. This country was built by dreamers. They’re the workers who took a chance on their desire to be their own boss. The part-time inventors who became the fulltime entrepreneurs. The men and women who have helped build the American middle class, keeping alive that most American of ideals – that all things are possible for all people, and we’re limited only by the size of our dreams and our willingness to work for them. We need to do everything we can to ensure that they can keep taking those risks, acting on those dreams, and building the enterprises that fuel our economy and make us who we are.

[What I'm not telling you: Credit in and of itself, is a valuable tool when used wisely. Early in the "boomer generation," children were taught by both parents and schools the values of personal finance, integrity and ethics to name a few topics. Then in the early 1960s, succeeding democRAT administrations began the modern era of governmental dependency; realizing that the more they have "suckling at the government teat," the more votes they've bought, the more "KoolAid drinkers" they can goad into almost anything that will ultimately mean more unearned money in their pockets!! What I don't want you to realize is that in most cases you can function quite well, if only you rely on those principles that founded and guided this country to greatness. If you figure that out, you're working against my desires a fascist monarchy for America; for a fascist, one-world government!!]

Thanks.

Til Nex'Time....