"Clown Prince" Weekly Blather; February 4th

A Patriotic Response To The "Clown Prince;" 02/04/2012

barackingham Palace,
District of Corruption
February 4, 2012
    Over the last couple of weeks, I’ve been traveling around the country and talking with folks about my blueprint for an economy built to last. It’s a blueprint that focuses on restoring the things we’ve always done best. Our strengths. American manufacturing. American energy. The skills and education of American workers.  And most importantly, American values like fairness and responsibility.  We know what happened when we strayed from those values over the past decade – especially when it comes to our housing market.  Lenders sold loans to families who couldn’t afford them. Banks packaged those mortgages up and traded them for phony profits. It drove up prices and created an unsustainable bubble that burst – and left millions of families who did everything right in a world of hurt.  It was wrong. The housing crisis has been the single biggest drag on our recovery from the recession. It has kept millions of families in debt and unable to spend, and it has left hundreds of thousands of construction workers out of a job.  But there’s something even more important at stake. I’ve been saying this is a make-or-break moment for the middle class. And the housing crisis struck right at the heart of what it means to be middle-class in this country: owning a home. Raising our kids. Building our dreams.  Right now, there are more than 10 million homeowners in this country who, because of a decline in home prices that is no fault of their own, owe more on their mortgages than their homes are worth. Now, it is wrong for anyone to suggest that the only option for struggling, responsible homeowners is to sit and wait for the housing market to hit bottom. I don’t accept that. None of us should. 
[What I'm not telling you:  Most of those lenders who sold loans to families that couldn't afford them, were the recipients  of extreme pressure from Freddie Mac, Fannie Mae, the Department of Housing and Urban Destruction as well as regime members and those Members of Congress with the most to gain with the placement of as many mortgages as possible!!   All this pressure afforded said lending institutions very little in the way of profits;  those most needed to satisfy their fiduciary responsibilities toward stock- and bondholders.  Basic logic explains the reasoning behind the bundling of toxic mortgages:  It gives the lender a method of getting out-from-under those loans they'd never collect on.  The mortgage bundling put the onus of collection on those greedy owe-bamacRATics in the private sector looking for double-digit payoffs as they continued the sales on down the line!!  These toxic sales continued until said owe-bamacRATics found no greedier 'guppies' further down the 'food-chain!'  As the citizen should be aware, there's not an owe-bamacRATic--including myself--that will EVER take the blame; EVER take a loss if the federal government, the federal congress can be cajoled into taking financial responsibility.
    One of my few NEAR-truisms of the week: 
'The housing crisis has been the single biggest drag on our recovery from the recession.'
To start with, this 'recovery' is probably the thinnest in recorded economic history; at least since the FDR-era, federally protracted recovery.  The housing crisis has been a drag on any hoped-for recovery, primarily because of federal meddling with market forces; bailouts, TARPs, HARPs, et al.  A far better solution for the entire economic kerfuffle is to let the logic of market forces act in the ways they should.  Rather than buying auto companies--and then giving 37% of the federal ownership to the union hierarchy--they should have been left to the consequences of said market forces: bankruptcy!  "Bankruptcy" is not a four-letter word!!   Bankruptcy serves a very useful purpose in basic economics; it allows for the subject company to restructure liabilities into re-payable expenses in a timely manner; it allows the boards-of-directors to weed out ineffective board members as well as ineffective members of management at all levels; it allows the boards to re-write an outdated, unmanageable business plan.  Housing foreclosures allow the same changes on a personal, family level.  
    Now IS THE TIME to allow market forces to take their toll, such as it may be.  Now IS THE TIME to reinstitute that basic American value:  personal responsibility.  The foreclosure issue and it's seemingly devistating effects IS--at least partially--the responsibility of the individual homeowner.  Many are those underwater homeowners who bought--against all human logic--during the housing bubble of seemingly ever-rising home prices.... They Couldn't Lose!!!  Ah, but they did as a result of their personal greed-there'd always be another greedy fool to sell their home to!   At some point along the line, there's a last fool.  Those who've been caught as that 'last fool' are now looking to the federal government to bail them out much like the aforementioned auto industry.  This should not be the theme of the day:  Bailouts for Votes!!]
    That’s why we launched a plan a couple years ago that’s helped nearly one million responsible homeowners refinance their mortgages and save an average of $300 on their payments each month. Now, I’ll be the first to admit it didn’t help as many folks as we’d hoped. But that doesn’t mean we shouldn’t keep trying.  That’s why I’m sending Congress a plan that will give every responsible homeowner the chance to save about $3,000 a year on their mortgages by refinancing at historically low rates. No more red tape. No more endless forms. And a small fee on the largest financial institutions will make sure it doesn’t add a dime to the deficit.  I want to be clear: this plan will not help folks who bought a house they couldn’t afford and then walked away from it. It won’t help folks who bought multiple houses just to turn around and sell them.  What this plan will do is help millions of responsible homeowners who make their payments every month, but who, until now, couldn’t refinance because their home values kept dropping or they got wrapped up in too much red tape.  But here’s the catch. In order to lower mortgage payments for millions of Americans, we need Congress to act. They’re the ones who have to pass this plan. And as anyone who has followed the news in the last six months can tell you, getting Congress to do anything these days is not an easy job.  That’s why I’m going to keep up the pressure on Congress to do the right thing. But I also need your help. I need your voice. I need everyone who agrees with this plan to get on the phone, send an email, tweet, pay a visit, and remind your representatives in Washington who they work for. Tell them to pass this plan. Tell them to help more families keep their homes, and more neighborhoods stay vibrant and whole.  The truth is, it will take time for our housing market to recover. It will take time for our economy to fully bounce back. But there are steps we can take, right now, to move this country forward. That’s what I promise to do as your President, and I hope Members of Congress will join me.
[What I'm not telling you:   This latest proposal from my regime is nothing more than the 2009 $300 checks the regime issued as individual payments to those who chose to breathe the air!  A regime-scheme to entice more voters into the owe-bamacRATic fold; to sway their choices as to who's the most helpful to their individual situation.  It started in Detroit--as reported by WJR newsman Ken Rogulski--as "owe-bama money!"  The various--mostly miscreant--recipients had no idea the original source of the money.... only that it came from me, from the gracious hand of "Clown Prince" owe-bama!!  The federal government, me-the "Clown Prince" of Amerika, cannot give away, spend, allocate the first 'red-cent' until and unless we--the federal tax system--first confiscate it from a working individual or investor!!
    Congress' passing legislation IS NOT the answer!!  Congress in session is the LAST THING the American taxpayer wants or will benefit from!!  If they're in their home districts; their home states woo-ing the constituents, they're not in the District of Corruption, dipping their hands further-and-further into the private; the taxpayer's figurative 'pants-pocket!!'  More Congressional 'help' will only serve to put the American Citizen; the American Taxpayer further in distress with respect to paying off the national debt.
    The American economy--the free-market system--will only continue to suffer with added tinkering.  To improve the current climate, conservative principles are needed, rather than those socio-fascist, marxist principles exercised during my regime.  They clearly--with incontrovertible evidence--have not worked!!   What will work are tax cuts; cuts deep and permanent!  As the President Bush-43 tax cuts--and the "Ronaldus-Magnus" tax cuts before him--have proven:  with said DEEP tax cuts, more monies flow into the treasury than without them.]

This'n'That; February Third #1; STILL Out-Of-Touch!

Must "Clown Prince" Continue Demonstration?!?
    Since "Clown Prince ZERO-bama, the Narcissist" came on the political scene in Illinois, he's been "the most inexperienced guy in the room."  Throughout his 143-day U.S. Senatorial term he continued to display inept inexperience.  Now that the presidency has been purchased for him, the demonstration continues.
    Seemingly--and most probably--never having read the complexities of the 2,300-page Dodd-Frank monstrosity, he continues his 'blame-game' with the republicRATs; blaming them for 'detesting simplicity' as Dodd-Frank relates to the housing and mortgage industries.  The Dodd-Frank legislation created the Consumer Financial Protection Bureau (CFPB); the "Clown Prince" circumvented both the Constitution and the Congress by appointed Richard Cordray as it's first director with the Congress still in session.  The CFPB vastly complicates both lenders' and comsumers' lives by--among other demands:
1)  Requiring lenders to report 'tons-and-tons' of new data relating to race,
2)  Requiring studies on the fairness of the FICO credit scoring system,
3)  Requiring an 'Office of Fair Lending' to police banks and 'target areas of greatest risk for discrimination,'
4)  Requiring and overseeing a 'diversity czar' in each federal financial agency, including the Fed and it's twelve regional banks.
All this additional bureaucracy adds exactly zero-point-crap in protecting America from another housing/mortgage kerfuffle!!  Essentially, it provides yet another avenue for more-and-more "Clown Prince" political payoffs!!
With his remarks during a 'taxpayer-funded' campaign stop in Falls Church, Va., the "Clown" continues to blame everyone but himself and the regime's owe-bamacRATic henchmen who promoted housing-at-any-cost, instead blames the lenders who approved inappropriate mortgages (albeit, at the regime's demand!); blamed lenders who bundled and sold those illogical mortgages in an attempt to recoup some of the anticipated losses they were forced into.  But.... no blame for the "Clown Prince!!"
    As the nation enters into HARP (Home Affordable Refinance Program) Number 3 or 4, those promoting the various programs--the owe-bama Regime--are doing so to 'cash in' on the additions to their voter bases.  Judging by the lackluster participation of the first couple of HARPs, said voter bases won't be all that enhanced!!  As "Clown Prince ZERO-bama, the Narcissist" blames everyone but those at fault,  he increases pressure on Freddie Mac and Fannie Mae to make even more unrecoverable mortgages than they have in the past!
    Mitt Romney--both campaigning in Nevada and during last Tuesday's debate--is proving he understands 'the free market system;' at least a far better understanding of the concept than "Clown Prince ZERO-bama, the Narcissist."  During an editorial board meeting with the Las Vegas Review Journal, Mr Romney said:
"As to what to do for the housing industry specifically and there are things you can do to encourage housing:  One is, don't try to stop the foreclosure process.  Let it run it's course and hit the bottom."
During the most recent debate, Mr Romney said:
"The idea of the federal government running around and saying 'We're going to give you some money for trading in your old car....or we're going to keep banks from foreclosing if you can't make your payments.'  The right course is to let markets work."
    Had George Soros--one of the planet's greatest 'marketeers'--allowed the markets to work, "Clown Prince ZERO-bama, the Narcissist" wouldn't have been able to reward his buds in the labor, auto and service unions as well as the several contributors, donors and supporters.  Nor would the "Clown Prince" have been able to 're-distribute the wealth' by paying private bondholders mere cents-on-the-dollar as a reward for their investment.  Bankruptcy as well as the foreclosure process, weeds out poor business plans, ineffectual management teams much like they weed out those who can't afford or have no intention of paying, a mortgage.  Had George Soros allowed the markets to work we would be seeing--if not now, soon--the housing market shake-out and starting to right itself. 
'Splain to me again why YOU elected this Arschloch?!?
Til Nex'Time....

This'n'That; January Eleventh #1; Headlines

The Headline MIGHT Have Been....
    The upcoming Chief of Staff to the "Clown Prince" will be the third in as many years.  Each has 'a financial past' they'd prefer did NOT become common knowledge:**
All three of these owe-bama miscreants have dirtied their hands at "the well of owe-bamacRATic socialism!!"Had these Chiefs of Staff served under a republicRAT president, the headlines would have been far different at their resignations:
White House in Disarray, or
President 'Hard to Work With?' or
President Unable To Find Competent Chiefs? or
What Is First Lady's Role In On-going Staff Changes? or
some such dishonestly suggestive drivel.  George Soros' plan of socialist distortion of all facets of the news process seems to be working, at least to him.  The conservatives; the constitutionalists rarely consult the mainstream media--the national pamphleteers--except for a laugh!!  Much to Soros' chagrin--but a benefit to his wealth--there are conservative, truthful news outlets that refuse to be bought; refuse to "roll-over-and-play-dead."
Til Nex'Time....

**#1. Rahm Emanuel: Prior to becoming just another--in a long line--crooked congressman from Illinois, Mr Emanuel worked on Wall Street. With no prior experience in finance or business, he made $16.2 Million as an evil investment banker! In continuing his 'dirty deeds'--via a Freddie Mac board seat--Mr Emanuel aided the inflation of the then-growing nationwide 'housing bubble.'

#2. William Daley: A member of The First Family of the crooked 'Chicago Political Machine,' Mr Daley was more than another owe-bamacRATic hack; he was also a four-year top executive at JPMorgan Chase and sat on the boards of Boeing, Merck and Boston Properties. Following in Emanuel's footsteps, Daley sat on the Fannie Mae board where he too added his 'hot air' to the then-growing nationwide 'housing bubble.'
#3. Jacob Lew (incoming): Mr Lew also went the incredibly wealthy 'Wall Street route,' working for Citibank as a million-a-year-man. In 2009, Jake also got a million-dollar bonus; under his tutelage the divisions he managed profited by tens-of-millions by betting that the 'housing bubble' would burst-which it did!! The bursting bubble 'earned' Citibank billions-of-bucks in PORKulus funds from his bud, "Clown Prince ZERO-bama, the Narcissist."

This'n'That; December Twenty-Nineth #1; The "47-Percenters"

The Congressional Millionaires
    The 112th Congress consists of The Senate and the House of Representatives.  The Senate consists of 51 owe-bamacRATics plus 2 semi-owe-bamacRATics; 47 republicRATics.  The House consists of 242 republicRATics, 193 owe-bamacRATics.
    There are some surprising facts about the millionaires we've elected to Congress.
Like:  53% of the Senate are owe-bamacRATics--but--84% of those (45) owe-bamacRATics are millionaires.
Like:  55.8% of the House of Representatives are republicRATics--and yet--only 56% of those (137) republicRATics are millionaires. 
Like:  Rep Darrell Issa of California is worth between $195-$700 million. 
Like:  Sen John Heinz-Kerry is only worth between $181-$281 million.
Like:  "pinky" reid's crooked land deals in Nevada should'a given him a net worth greater than $6.8-$10.3 million.
Like:  New York's Senatorial contingent (C. Ellis Schumer-"The Putz of Park Avenue" and Kirsten "The Invisible Senator" Gillibrand) ONLY have a combined net worth of $1.1-$2.5 million.  "The Putz of Park Avenue" very well may not be as adept at financial/economic 'decisions' as we thought; the "Invisible Senator" is suffering for it, right along with him!!
Like:  Barney Frank's net worth of between $1.9-$4.5 million.  Frank's  Fannie Mae, Freddie Mac, Countrywide Financial payoffs combined with his Washington area brothel(s), it should be far higher.  Maybe he's just "packin' the fudge" regarding his required financial reporting!!
    This URL (https://docs.google.com/spreadsheet/ccc?key=0ArZJzmIoVZE0dDNzc1h0bHpjVk50Wkh6MlVwRkxRcnc#gid=0) will allow you to check the financial goings-on of your representative and senators.  Enjoy the read!!
Til Nex'Time....
http://www.opposingviews.com/i/money/personal-finance/47-congress-are-millionaires-just-1-rest-us

"Clown Prince" Weekly Blather; December 10th

A Patriotic Response To The "Clown Prince;" 12/10/2011
barackingham Palace,
District of Corruption
December 10, 2011
    Today, America faces a make-or-break moment for the middle class.  After the worst economic crisis of our lifetimes, some still want to return to the same policies that got us into this mess. They’re the same policies that have stacked the deck against working Americans for too long. They’re part of a philosophy that says we’re better off when everyone is left to fend for themselves and play by their own rules.  But I have a different vision. I believe that we are greater together than we are on our own. I believe that this country succeeds when everyone gets a fair shot, everyone does their fair share, and everyone engages in fair play.  To ensure fair play, last year, we passed the toughest financial reform in generations.  See, for too long, the rules weren’t the same on Wall Street as they were on Main Street. Risky bets were made with other people’s money. Some folks made a lot of money taking advantage of consumers. It was wrong. And this irresponsible behavior on the part of some contributed to the worst financial crisis since the Great Depression.
[What I'm not telling you: "....return to the same policies...."  We're still in "....the same policies....;" those policies being those of rewarding your (actually my) communist friends in cash and 'negotiatables!'  That's what the $787BILLION PORKulus did for me: rewarding my supporters and donors in cash, through cash support for their employers, et al. 
    "....everyone gets a fair shot....?"  Where's the fairness when Barney Frank and Chris Dodd take advantage of their insider knowledge and political pull for sweetheart deals for themselves; then write some of the most restrictive, costly legislation governing credit cards, their administration, their use!  Anyone else--other than these two ruling-class schlubs--would be in federal prison by now!!!
"....the toughest financial reform in generations...."  is an example of FRANK-DODD alleged genius gone awry!!  What the legislation should have done is to put it's two authors in jail for many long years; what it actually did was to blind-side the consumer with added fees coupled with reduced benefits!!  
    "....irresponsible behavior on the part of some....!"  Funny how most of that irresponsible behavior was at the hand of the socio-fascists in Congress; yet I blame the republicRATics for all the economic ills of the nation!!  There is a point when "blame Bush" becomes just another whine!!!]
So this financial reform refocuses the financial sector on what’s really important: getting capital to entrepreneurs who want to grow their businesses, and financing to millions of families who want to buy a house or send their kids to college.  A key part of that was putting in place the first-ever consumer watchdog – someone whose job it is to protect American families from being taken advantage of by mortgage lenders, payday lenders, and debt collectors.  Tens of millions of Americans use these services. Protecting them from unscrupulous practices is an important job. And that’s why I nominated Richard Cordray to serve as the head of this consumer watchdog agency.  As the former Attorney General of Ohio, Richard helped recover billions of dollars on behalf of retirees and stood up to dishonest lending practices. He has the support of most Attorneys General across the country, both Democrats and Republicans. Members of Congress from both parties say he’s more than qualified for the job. And yet on Thursday, Republicans blocked his nomination. They refused to even allow it to come up for a vote.   That doesn’t make any sense. Do Republicans in Congress think our financial crisis was caused by too much oversight of mortgage lenders or debt collectors? Of course not. And every day America has to wait for a new consumer protection watchdog is another day that dishonest businesses can target and take advantage of students, seniors, and service members.  So I refuse to take “no” for an answer. Financial institutions have plenty of high-powered lawyers and lobbyists looking out for them. It’s time consumers had someone on their side.  And while they’re at it, Republicans in Congress should stop the games and extend the payroll tax cut for working Americans. Because if they don’t, nearly 160 million Americans will see their taxes go up at the end of this month.  Congress can’t end the year by taking money out of the pockets of working Americans. Now is not the time for playing politics. Now is the time to do what’s right for the American people.  No one should go home for the holidays until we get this done. So tell your Members of Congress, don’t be a Grinch. Tell them to do the right thing for you and for our economy.
[What I'm not telling you:  "....getting capital to entrepreneurs...."  whad'da loada bullshit that is!! Just who do you think are the entrepreneurs; who are the folks who finance the entrepreneurs' ventures?!?  Why, it's those evil millionaires I'm trying to turn you against!!  They're the only ones able to finance such ventures; the socio-fascist owe-bama Regime only invests in 'already-failing' green-energy companies!!
    Yes,the Richard Cordray nomination has been blocked by the republicRATics!  Not for the reasons you might think, not for his socio-fascistic views and actions; No!! Mr Cordray was blocked because of me; I failed to, and refuse to; define the Consumer Financial Protection Bureau; it's authority; it's responsibilities!!  So while I "piss'n'moan" about those evil republicRATics, I'm the true culprit in these massive economic kerfuffles I've exacerbated for almost three years!!
    Those evil republicRATics have initiated legislation to do the very things I demand!  But, they're trying to get me to sign some bill that will create several tens-of-thousands direct jobs and hundreds-of-thousands of indirect jobs; I'm talking about republicRATics' including approval for the "Keystone XL Pipeline" project.
    As much as the current tax structure rapes the American Taxpayer, how can about $19.25 per week in additional taxes be that big a conundrum?!?  Approval of the payroll tax 'holiday' does little more than continue the Congressional raid on the Social Security Trust Fund!!  The public's been led to believe that the system is on the verge of collapse!  Which is it?!?  On the verge of collapse OR is it flush enough to be raided in another on-going owe-bamacRATic vote-buying scheme?!?
    What the owe-bamacRATics would like everyone to forget:  This sub-prime mortgage mess originated in the "Slick-Willie" Clinton administration.  "Slick" and his then-HHS Secretary; the current New York Governor, Andrew Cuomo began promoting home ownership for those who could least afford it.   They were also instrumental in 'suggesting' that Freddie Mac and Fannie Mae approve mortgages by using fictitious credit reports!!
    Members of the Congress should stay in the 'District of Corruption' until something is done about this payroll tax-Social Security raid.  But--you can bett'cher ass--my family and I will be leaving for Hawaii at the appointed hour!!  If you think Michelle's 'more-than-ample' ass won't be incased in a bikini-bottom upon arrival, you got another 'think' coming!!!]

This'n'That; November Third #1; Losers!

owe-bama Losers Rewarded!
    You too can run a loser and become an evil, despised millionaire!!
First, ya gotta get in good with that idiot: "Clown Prince ZERO-bama, the Narcissist!"
Second, ya gotta get the aforementioned idiot to put you in charge of either Freddie Mac or Fannie Mae; let's say you're in charge of Freddie Mac!
Third, ya gotta run that entity 'into-the-ground!'
    Once you've succeeded in doing that--on a $900,000 base salary--you'll be awarded a $2.3MILLION bonus.  Just think.... MILLIONS in an annual bonus for doing bumpkis in administering one of the federal mortgage programs!!  Next year you'll probably be awarded an even larger bonus, given the way federal compensation is raised without regard to the guy who has to pay the bills-THE AMERICAN TAXPAYER!!
Ed Haldeman, Freddie Mac CEO; $900,000 base salary; $2.3Million bonus.
Michael Williams, Fannie Mae CEO; $900,000; $2.37Million bonus.


Fannie Mae hq; Ideal for an "occcupy...." mob encampment!!

Did'ja check out the lawn in this photo?!?  That would be ideal for an "occupy...." mob encampment; they could boink and blow each-other to their heart's content.  And--the real "bonus" here, is--the miscreants would actually be protesting some of the 1%ers that're really screwing the American Taxpayer!!
Til Nex'Time....