Thursday, July 1, 2010

This'n'That; July First[obama-Trina;TeaPartiers;"Guards";Fannie/Freddie]

Only The 'Commoners' Can See....?
    "Plug" biden visited Florida's panhandle last Tuesday to survey the regime's lack of oil spill cleanup efforts.   This visit generated more questions than answers with regard to those campaigning to replace current congressional fascists.  republicRAT Marco Rubio again criticized the federal government's response to the spill. In a statement, he said Floridians are frustrated by the government's "inaction" on the cleanup.
"I hope the vice president will return to Washington with a message that those on the ground in Florida are frustrated by the inaction, indecision and inability of the federal government to help deliver more boom, skimmers and resources to the affected communities," said Rubio. "For the sake of Florida's recovery and future, the federal response must get up to speed."
    Why is it that only the commoners--the nonpoliticians--can see the intentional stall put in place by "Clown Prince" obama's Handler Group.  This group has a vested interest in the continuation of the Gulf Coast devistation both by 'tarballs' and the deliberate economic catastrophe!!

Tea Partiers BEWARE!!
    Apparently, there's some skullduggery afoot in Florida politics!!  The South Florida Tea Party is accusing The Florida Tea Party of being a front organization, formed by this 'has-been' talkradio host--one Doug Guetzloe.
    Mr Guetzloe was "uninvited," as was The Florida Tea Party--for an event for the state's Attorney General and gubernatorial candidate, Bill McCollum.  Mr Guetzloe has been accused of promoting a group to field fake Tea Party candidates in various races statewide.
    The '912 Project' members up here in the Rochester, N.Y., area have a great system of "vetting" various candidates for political office.  Now it appears that the many conservative organizations must vet each other as well!!  The fascists currently in control of our freedoms--our COUNTRY--will try anything to discredit any opposing organization.

True Or False?  YOU Decide!
This came to me as one of those ubiquitous email forwards:

[For those of you who have never traveled to the west, or southwest, cattle guards are horizontal steel rails placed at fence openings, in dug-out places in the roads adjacent to highways (sometimes across highways), to prevent cattle from crossing over that area. For some reason the cattle will not step on the "guards," probably because they fear getting their feet caught between the rails.]

    A few months ago, "Clown Prince" obama received and was reading a report that there were over 100,000 cattle guards in Colorado . Colorado ranchers had protested his proposed changes in grazing policies, so he ordered the Secretary of the Interior to fire half of the cattle "guards" immediately!!
    Before the Secretary of the Interior could respond and presumably try to straighten him out, Vice-President "Plug" Biden, intervened with a request that before any cattle "guards" were fired, they be given six months of retraining.
And these guys are running our country, OMG!!
{I'm thinkin' this one's false but, Hey... Ya never know!!}

Markets Determine What The "Clown Prince" Can Not!
.....that Fannie Mae and Freddie Mac ARE WORTHLESS!!


    Freddie Mac and Fannie Mae were ordered by the government to cease trading their shares on the New York Stock Exchange to abide by NYSE delisting rules.  After the delisting,which was ordered for failing to meet NYSE requirements for maintaining price levels, the stocks of the two companies will be traded in the over-the-counter market.
    NYSE delisting rules require that a company pull its stock if it can’t take action to keep shares from dropping below the $1 average price level for 30 trading days. The Associated Press reports that after the delisting announcement Fannie Mae shares dropped 42 cents, or 46 percent to 50 cents, while Freddie Mac slid 55 cents, or 45 percent, to 67 cents. In 2007, shares of both companies traded at more than $60. The stocks lost almost all of their value, plummeting below $1 by September 2008. Fannie and Freddie were then taken over by the government, essentially an unannounced 'bailout.'
    Fannie and Freddie own or guarantee almost 31 million home loans worth about $5.5 trillion;  about half of all mortgages in the U.S.  Since September 2008, the Treasury Department has poured $83.6 billion into Fannie Mae and $61.3 billion into Freddie Mac to cover losses on the mortgage-backed securities they own or guarantee.  Freddie Mac/Fannie Mae losses totaled $93.6 billion in 2009 and another $18.2 billion in the first quarter this year. The Congressional Budget Office estimates that nearly $400 billion in tax dollars will eventually be needed to cover Freddie Mac/Fannie Mae losses, making it the most expensive of all the government bailouts.










[FUBO image from www.FUBOwear.com ]
Til Nex'Time....

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