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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (60721)	3/7/2009 12:21:29 PM
From: lorne	2 Recommendations Respond to of 224724

ken Don't forget these culprits/idiots/commies/and any other corrupt word you can come up with. ..."Let The Inquisition Start with those in Congress who voted for the Gramm-Leach-Bliley Act repealing Glass-Steagall".... Here's a good place to start>>> ..."How did we get here? - FOLLOW THE MONEY AND CORRUPTION! A Lending Policy created by democrats for democrats run by democrats monitored by democrats enforced by community organizer democrats and profited from by democrats. Fannie and Freddie acted in response to Clinton administration pressure to boost homeownership rates among minorities and the poor. However compassionate the motive, the result of this systematic disregard for normal credit standards has been financial disaster. ONE key pioneer of ACORN's subprime-loan shakedown racket was Madeline Talbott - an activist with extensive ties to Barack Obama. She was also in on the ground floor of the disastrous turn in Fannie Mae's mortgage policies. Obama Trains ACORN Staff in Shakedown Tactics - It would be tough to find an "on the ground" community organizer more closely tied to the subprime-mortgage fiasco than Madeline Talbott. And no one has been more supportive of Madeline Talbott than Barack Obama. When Obama was just a budding community organizer in Chicago, Talbott was so impressed that she asked him to train her personal staff. He returned to Chicago in the early '90s, just as Talbott was starting her pressure campaign on local banks. In those years, he also conducted leadership-training seminars for ACORN's up-and-coming organizers. That is, Obama was training the army of ACORN organizers who participated in Madeline Talbott's drive against Chicago's banks. thenextright.com

To: Kenneth E. Phillipps who wrote (60721)	3/7/2009 2:43:29 PM
From: tonto	2 Recommendations Read Replies (1) \| Respond to of 224724

The Obama unemployment rate is being discussed on the news shows.

To: Kenneth E. Phillipps who wrote (60721)	3/7/2009 4:39:07 PM
From: Hope Praytochange	2 Recommendations Read Replies (1) \| Respond to of 224724

End The Spending INVESTOR'S BUSINESS DAILY Posted 3/6/2009 Leadership: In times like these, what's another $500 billion between friends? Or so it seems. The administration seeks another bailout, this one for the FDIC, and warns of peril otherwise. Where will it end? After a string of federal spending packages, the American Institute for Economic Research now estimates new federal bailout and spending commitments at $8 trillion. The list includes bank bailouts, auto bailouts, Freddie Mac and Fannie Mae cleanups, the Term Asset-Backed Securities Loan Facility and other "rescues" of troubled sectors. It doesn't even include a "stimulus plan" filled to the gills with earmarks for such can't-do-without projects as a mob museum in Las Vegas. No project, it seems, is too small for a bailout or an earmark. All of it extends the hand of government across the economy. Take a look at some of the bombshells released recently: • $500 billion in loans to shore up the Federal Deposit Insurance Corporation, which guarantees bank deposits. • An ill-defined $1 trillion bank bailout proposed by Treasury Secretary Timothy Geithner, who doesn't seem sure what he would use it for, only that he has to have the money. • A fat-laden $787 billion stimulus package that includes mortgage bailouts, rewritten contracts and judges repricing bad debts from those who bought more house than they could afford. • An even porkier $410 billion omnibus bill to fulfill nondirect federal spending with 8,570 earmarks for pet projects not even remotely connected to any economic recovery. Federal money is pouring out so fast you'd think the economy had been hit by a nuclear bomb instead of battered by a housing downturn and weak corporate balance sheets. The economy can recover on its own, and there are signs it's doing just that. Cost-cutting, debt-repayment and productivity gains all restore the economy without government help. But that's the opposite of what Congress is doing. In this time of supposed emergency where belt-tightening is expected, the big spenders in Congress are instead throwing themselves a party. Perhaps the economy will survive this spending bacchanalia, but the stock market isn't encouraged. As Obama and Congress fiddle, some $3 trillion in stock market wealth has been burned up in the space of just four months. Not hard to figure why: All of the trillions spent now will have to be repaid in the future. The cash will come from Americans' pockets, through tax hikes and higher inflation. We'll also put out a "for sale" sign for China, which will have to finance our profligacy by buying our bonds. What will be lost is money — money Americans could have spent themselves, invested, or just saved for the uncertainties of the future or for retirement. Color it gone. This lavish government spending will add neither to our wealth nor to our standards of living. It won't contribute to productivity gains that lower costs and truly spread the wealth to the poor. It won't encourage savings or lift anyone out of poverty. It won't create new goods and services. And it will never bring progress. Washington's spendathon offers nothing of value. It will calcify and institutionalize a government-directed economy, costing us decades of the private-sector advances we've grown to expect. It's got to stop, not only because the repeated splurges have caused Congress to lose all sense of what money's worth, but because it's likely to continue. In that spirit, we support House Minority Leader John Boehner's call for a spending freeze on Friday. More uncontrolled spending will mean a weaker recovery, and our children and grandchildren will get stuck with the bill. Thanks to this Congress, they'll have the sad distinction of being the first generation ever without hope of doing better than their parents.