Justin Case: 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!!!!

Check both sites out!!