Fannie And Freddie

Treasury Secretary Henry Paulson said in an interview with U.S. radio broadast on Monday that a plan to take control of Freddie Mac and Fannie Mae had been structured in a way to protect U.S. taxpayers.

He also said the move had been taken after the Treasury had found “major structural flaws” in the two agencies.

“We structured this very carefully to protect the taxpayers,” he told WAMU radio, monitored via internet in London. “And to the extent that taxpayers are going to put preferred stock into this entity it will be structured so that the first losses will be borne by the existing shareholders.”

Now ask yourself …who does this takeover really help?  They expect a 200 pt rise in the Dow….does that really help homeowners or speculators?  And at what cost to the taxpayer?  But did not Bush say that he would not bailout speculators?  Are not heavy investors in the markets, speculators, in a sense?

Professor’s Classroom

It is Monday, storms are waiting and I have a hang over.  Today’s lesson and quiz will be a dosey.

This person was a wealthy industrialist that refused to use young children, provided education for the older ones, work hours were limited, provided decent housing for his workers and all this was in the early 1800’s.  Oh yeah to help make it easier he was the first person to use the term “socialism”.

Good luck and good googling.  May all your searches be fruitful.

Is The Media Hypocritical?–Part Two

I recently ask this question and of course, got NO replies but –YES–they are hypocritical!  Why?

Months ago, a preacher of Obama’s made some inflammatory statements that are still being used in the media, at least by some, but there have been some statements made by some close to Palin that seem to be off limits.  Like?

This is an exerpt from Levi Johnston’s myspace page.

On his MySpace page, Johnston boasts, “I’m a f – – -in’ redneck” who likes to snowboard and ride dirt bikes.

“But I live to play hockey. I like to go camping and hang out with the boys, do some fishing, shoot some s- – – and just f – – -in’ chillin’ I guess.”

“Ya f – – – with me I’ll kick [your] ass,” he added.

He also claims to be “in a relationship,” but states, “I don’t want kids.”

Thank God no one on Obama’s team ever said these things or he would be left ofn the curb by the party.

Next there is the all quiet Alaskan Independence Party, of which Palin’s husband is a member and Palin has made some speeches to in the past.

The founder of the Alaska Independence Party — a group that has been courted over the years by Sarah Palin, and one her husband was a member of for roughly seven years — once professed his “hatred for the American government” and cursed the American flag as a “damn flag.”

The AIP founder, Joe Vogler, made the comments in 1991, in an interview that’s now housed at the Oral History Program in the Rasmuson Library at the University of Alaska, Fairbanks.

“The fires of hell are frozen glaciers compared to my hatred for the American government,” Vogler said in the interview, in which he talked extensively about his desire for Alaskan secession, the key goal of the AIP.

“And I won’t be buried under their damn flag,” Vogler continued in the interview, which also touched on his disappointment with the American judicial system. “I’ll be buried in Dawson. And when Alaska is an independent nation they can bring my bones home.”

At another point, Volger advocated renouncing allegiance to the United States. In the course of denouncing Federal regulation over land, he said:

“And then you get mad. And you say, the hell with them. And you renounce allegiance, and you pledge your efforts, your effects, your honor, your life to Alaska.”

And the Rev. Wright said what?

If the media is fair and balanced then I am a Republican….beleive me there is NO WAY IN HELL that is a possibility.  Did anyone see the movie “Idiocracy”?  Watch it, there is your future as long as you let the media do your thinking for you.

The Cuban Embargo

U.S. Secretary of State Condoleezza Rice said on Sunday that it would be unwise for Washington to lift an embargo against Cuba, despite its pleas following Hurricane Gustav.

Cuba spurned an offer from the U.S. to send hurricane victims $100,000 in aid through relief organizations and said on Saturday that the United States should instead sell it relief supplies and allow food sales on credit.

Rice said U.S. President George W. Bush had made clear that Washington would be “responsive” to the Cuban regime if it was prepared to free political prisoners and had a process for free and fair elections, among other reforms.

Gustav slammed into western Cuba damaging or destroying 100,000 houses and dealing a blow to agriculture. Hurricane Ike is now charging toward Cuba and was expected to arrive late on Sunday, severely threatening sugar cane fields, the tourist hotels of Varadero and the crumbling colonial buildings of Havana.

Are the two administrations playing games with the lives of their people?  A disaster like a hurrican is not the time to be thumping one’s chest over ideological BS.

It Is On Georgia’s Head

NO Irene, it is still the country not the state.  This chest thumping could be the next big push for “democracy”.

With a NATO delegation scheduled to arrive in Georgia tomorrow to examine the damage done to the Caucasus nation’s military infrastructure, President Mikheil Saakashvili reiterated his vow to reclaim the breakaway provinces of Abkhazia and South Ossetia, which were lost after a Georgian military assault on South Ossetia led to a brief war with Russia, claiming the rest of the world would unite against Russia to “restore” his nation’s territorial integrity.

Russia has recognized the independence of both enclaves, though the United States has promised to use its status as a permanent member of the United Nations Security Council to ensure that neither will ever be recognized as independent from Georgia. Vice President Dick Cheney, who recently visited the region, has warned that Russia risks a “confrontation” with NATO, and has expressed US support for NATO membership for both Georgia and Ukraine. President Saakashvili, for his part, predicts future armed conflicts with Russia in the region, and cited the Ukraine-controlled Crimea as the source of a potential future war.

Worker’s Will Be Paying More For their Healthcare

Most employers plan to lower their health care costs next year by tapping a familiar source of help: their workers.

Preliminary findings released this week from an employer survey by consulting firm Mercer Inc. show that 59 percent of U.S. employers will reduce their health costs in 2009 by increasing workers’ deductibles, co-pays and percentages of a medical bill that workers pay.

Even with shifting costs to workers, U.S. employers still project a 5.7 percent increase in health benefits cost next year, according to the Mercer survey of 1,317 employers. That increase is lower than those of the previous 10 years but still higher than the general rate of inflation. Small businesses will face 10 percent increases.

The annual rise in benefit costs stems, in part, from the continuing increase in prices of medical services and of prescription drugs. And more medical services are being used per person, Holmes said.

Many employers have more moderate benefit increases than previous years, in part because they’re focusing on health care as a mounting threat to profitability. “CEOs have put the cost of health care as one of their top business priorities,” Holmes said. Businesses are increasingly promoting wellness programs and installing high-deductible health plans, which lower their costs.