Day: April 17, 2009

Yet Another Republican Moron Speaks

Is it possible that the US could be down to only 49 states soon?

Gov. Rick Perry of Texas while speaking at one of those Tea party thingys said:


“I believe that our federal government has become oppressive in its size, its intrusion into the lives of our citizens, and its interference with the affairs of our state,” Gov. Perry said. “That is why I am here today to express my unwavering support for efforts all across our country to reaffirm the states’ rights affirmed by the Tenth Amendment to the U.S. Constitution. I believe that returning to the letter and spirit of the U.S. Constitution and its essential 10th Amendment will free our state from undue regulations, and ultimately strengthen our Union.”

And then he went on:

“Texas is a unique place. When we came into the union in 1845, one of the issues was that we would be able to leave if we decided to do that,” Perry said. “My hope is that America and Washington in particular pays attention. We’ve got a great union. There’s absolutely no reason to dissolve it. But if Washington continues to thumb their nose at the American people, who knows what may come of that.”

I thought about his Texican bravado and came up with this:

If they want to leave the Union then let them go….I say bye bye…..let the sanctimonious a/holes fend for themselves with border issues, hurricanes, just to mention a few and we will see just how fast they come crying back wanting help with their situations.  By the time thew drug gangs get finished with them they will be part of Mexico again….go ahead dipsticks, leave!

Are Your Savings Safe?

Recently in the NY Times, Andrew Ross Sorkin raised some concerns about the role the FDIC will now play in the whole bailout scheme.

The article begins by noting that the FDIC was established 76 years ago, in the depths of the Great Depression, to provide a government guarantee, initially up to $5,000 and now up to $250,000, on the bank deposits of small savers. It describes the transformation of the FDIC, under the toxic asset disposal plan of the Obama administration, as follows:

“It’s going to be insuring 85 percent of the debt, provided by the Treasury, that private investors will use to subsidize their acquisition of toxic assets.”

In other words, the function of the FDIC is being transformed from guaranteeing the bank deposits of small savers to guaranteeing the investments of multimillionaire investment fund managers. And, as the article notes, this is occurring without a vote by Congress.

The FDIC will be insuring more than $1 trillion in new obligations incurred as the government covers the bad debts of the banks. However, the FDIC’s charter limits the obligations it can take on to $30 billion. The Times article quotes one “prominent securities lawyers” as saying, “They may not be breaking the letter of the law, but they’re sure disregarding its spirit.”

The Obama administration, in order to protect the wealth and power of the financial elite, is facilitating and directly perpetrating on a colossal scale the same type of accounting fraud and reckless leveraging that led to the economic catastrophe in the first place.

Who is to pay the price for this looting operation? The answer can be seen in the Obama Auto Task Force’s demands for the liquidation of much of the US auto industry and the brutal downsizing of what remains, combined with the imposition of poverty-level wages on those workers who remain in the surviving plants and the gutting of the pensions and health benefits of retirees. It can be further seen in the administration’s pledge to slash social programs, including Medicare, Medicaid and Social Security.

The administration’s “recovery” plan is a barely disguised scheme to preserve the fortunes of the financial aristocracy, whose interests it represents, by imposing poverty and social misery on the working class.

I am truly sorry, but I am having more and more concern with the bailout and just who is to benefit from it.  So far I see NO jobs being saved, few being created, few homes being saved, but yet new home starts is up.

I have given you all you need to know on what is happening, please pay attention and adjust yourself accordingly, if you can.  That tells me that developers are getting the money they need, but the people are getting foreclosure notices.  Is this what the Recovery plan is all about?

To answer the original question, yes…your savings are safe….for now, but for how long will be anyone’s guess.

Class dismissed.

Is Immigration Reform A Wise Move?

The Obama Adimn has decide to tackle yet another controversial issue in its first 100 days, but is it a wise move?  He has the political capital and he already has much on his plate, but this move could be a bit premature.

Obama plans to speak publicly about the issue in May, administration officials said, and over the summer he will convene working groups, including lawmakers from both parties and a range of immigration groups, to begin discussing possible legislation for as early as this fall.

But with the economy seriously ailing, advocates on different sides of the debate said that immigration could become a polarizing issue for Mr. Obama in a year when he has many other major battles to fight.

Opponents, mainly Republicans, say they will seek to mobilize popular outrage against any effort to legalize unauthorized immigrant workers while so many Americans are out of jobs.

Administration officials said that Mr. Obama’s plan would not add new workers to the American work force, but that it would recognize millions of illegal immigrants who have already been working here. Despite the deep recession, there is no evidence of any wholesale exodus of illegal immigrant workers, independent studies of census data show.

The Obama administration favors legislation that would bring illegal immigrants into the legal system by recognizing that they violated the law, and imposing fines and other penalties to fit the offense. The legislation would seek to prevent future illegal immigration by strengthening border enforcement and cracking down on employers who hire illegal immigrants, while creating a national system for verifying the status of new employees.

In my opinion, this subject should be approached very carefully, this could become a hot button issue, the one that the Repubs have been waiting for.  I realize that the Hispanic community feels betrayed by the President for the lack of Latinos in his cabinet and he wants to try and settle them down before the next election cycle.  But this could be a shot in the foot.  The GOP is  RUDDERLESS….do not help them find their way.