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Archive for September, 2008
Bailout Or VoteOut Small change, give ‘em another $700 BILLION. But not of our money. This crisis of bad ethics is not due to failing financial institutions as result of mortgage loans. Obama likes to say, “The current administration has been asleep at the wheel and allowed this to occur.” If he doesn’t know better Google can wise him up, quickly. As can Mac Ranger whose blog relates that it is Congressional Democrats who allowed the current meltdown. Mac does impeccable research, and he dug up a 2003 article from the NY Times about a proposal by President Bush to create an oversight agency for Freddie Mac and Fannie Mae. In the name-names department the top is criminal “Barney Frank”. Massachusetts Congressional Democrat Barney Frank, loving the “Barney Frank Bailout” swore Fannie and Freddie are no problem, that was back in 2003. Every bit as untrue then as 2008. ”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” stated Representative Barney, ranking Financial Services Committee Democrat. Frank claimed, ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.” Fast-forward to March ‘08, Rep. Frank came up with his own mortgage bailout plan, helping people affected by the non-Fannie and Freddie non-problems brought on by non-lack of mortgage industry oversight. Sure Frank is the worst. Republicans claim this mess isn’t on them. Sure it is. Who else has been running both branches of government for 6 years before this current pack of Democratic losers managed to get themselves elected? And there’s still no reform party in sight, just the samo, samo, liars asking to be elected. Each ejected, voted out party always claims to do better if given a chance and they are, and they don’t. 2005 brought Chuck Hagel up to bat who introduced S.190, “Federal Housing Enterprise Regulatory Reform Act of 2005″. This could also have established Fannie and Freddie over sight, set capital reserve levels for them to maintain. It could have prevented a large part of the current disaster. Hagel’s offering didn’t make it out of committee. If it had? Senate Democrats would have quickly put it to death right there in front of gawd and everybody on the Senate floor. So why were Democrats dead-set against reform? Even tho it has obviously been needed for more then 6 years? Here’s the punch line, kiddies, “Fixing the mortgage process would have made it justifiably more difficult for the NINJA crowd, unresponsible liars to make loans and those folk dear reader, are key constituencies. Those low-income voters were needed to game the system, “Everybody deserves to own a home,” said Frank. Much as we, I being one of we, want to lay this mess at the feet of liberals, there’s more blame. It goes all the way back to Bill Clinton rolling over for NAFTA. Why would that be? Simply put if people have jobs they can make their house payments. Foreign government lobbyist have bribed the criminals we voted to into turning away form American’s best interests. The Washington D.C. gang should be put on trail for Treason and executed like every other traitor to our country whose crimes take such a gigantic toll our lives of U.S. Citizens. That, dear reader, is the sum and substance of this mess. The rest if just chatter. Washington lobbyist, hired by big business here and foreign governments abroad paid the very people we trusted to do our business, to sell you out. We’re even bigger fools if we allow this system to buy more bad ARM’s and balloon loans with our hard earned dollars. Today, we have two more running for head of this country, the same two parties. The only question left is, “What does it take for you to vote both criminal laden parties out, sweep our house and start again? We can do it. To avoid that each will tell you these awful times are the faults of others. No. They are not. Your criminals are right there before you, in public view, every day. Vote for people who have not already betrayed you, stolen your money, stolen your dreams, stolen the future of our young. 2008 Strasbaugh http://www.writersetcblog.com
That Casino Dealer not living up to your expectations? Buy him. Or her. You can “Beat The Odds.” Yes, even if you play long enough to lose, you win. It’s your your money. Perhaps owning a piece of the casino would be a better alternative. If you have ever thought about owning a piece of an upscale casino, here is a chance. The recent turmoil in the financial markets is creating opportunities for those that can recognize the values and understand the risks. Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family, is credited with saying that “The time to buy is when there’s blood in the streets.” Melco Crown Entertainment (MPEL) 4.83. Melco operates one of the most upscale casinos in Macau the only place in Greater China to offer legalized gambling. Located about an hour hydrofoil ferry ride from Hong Kong (and Hong Kong’s 7 million residents), Macau is within a 2500 mile radius of Taiwan, Japan, Korea, Thailand, Malaysia, Singapore, Indonesia and the Philippines. Melco is one of only six license holders permitted to operate casinos in Macau. Melco is a profitable company that is gaining market share and is the only casino traded in the US that has no exposure to the weak in US market and economic issues. Revenues in Macau grew 45% in 2007 and are expected to do the same for 2008. Several well known banks and brokerage firms, including JP Morgan Chase, Jeffries, Deutsche Bank and BNP Paribas have buy ratings on the company based upon value. Check with your own investment professional for details on the risks and do some homework. This could be a good a good opportunity worth considering. Jack Walker
By John W. Lillpop In the aftermath of Hurricane Katrina three years ago, liberal Democrats, in concert with the liberal media, spared no fire in excoriating President Bush and his administration for failing to respond quickly and more effectively to the Category Five killer storm. Particularly venomous liberals even went so far as to intimate that the Bush government moved slowly, and without appropriate urgency, only because most of Katrina’s victims were poor black people. According to hateful liberals still smarting from having their hides whipped into submission during consecutive presidential elections in 2000 and 2004, significant loss of black lives and property were not seen by the Republican president as sufficient reason to cut short his Crawford, Texas, vacation. Never before has a natural disaster of epic proportions been so brutally manipulated for political gain as when Democrats used Katrina to bludgeon President Bush in 2005. Until now, that is. With Hurricane Gustav threatening to eclipse the horrors of Katrina, idiotic liberals (redundancy alert!) are making headlines again, this time by thanking God for his timing of the storm, and the probability that it will interfere with the Republican Convention. Apparently “brilliant” liberals like former DNC Chairman Don Fowler and obesity clown Michael Moore believe that God is more than willing to kill a few thousand poor folks and make tens of thousands more of them homeless just to vent divine rage against fat cat Republicans. Michael Moore, whose layers of ugly fat could feed thousands of refugees were it not for the toxicity of his blubber, had this inspiring message: “I was just thinking, this Gustav is proof that there is a God in heaven,” Moore said, laughing. “To have it planned at the same time – that it would actually be on its way to New Orleans for day one of the Republican Convention, up in the Twin Cities – at the top of the Mississippi River..” Moore was joined in his stupid hate speech by another single-digit IQ liberal, that being former DNC Chairman Don Fowler who weighed in with concern for those in Gutstav’s path with these enlightened words: “The hurricane’s going to hit New Orleans about the time they start. The timing is — at least it appears now that it’ll be there Monday. That just demonstrates that God’s on our side. [Laughter] Everything’s cool.” Where, oh where, among those comments by “bleeding heart” liberals Fowler and Moore is the slightest empathy or concern for the thousands of poor Americans about to be devastated by Hurricane Gustav? Again, the mindless drivel uttered by Michael Moore and Don Fowler proves that liberalism is the mother of hypocrisy! John W. LillpopSan Jose, California |
