What bugs me is how people gloss over the simple truth that Barry-O is a street agitator he is a radical anti-American activist against all that we know America to be; The Constitution, The DOI, The BOR, and our American founding and framing of a new and free nation Under God, Indivisible, with liberty and justice for all!
He is clearly a subversive operative and nothing more. His own words betray him, The MSM have created and produced his "persona" for him, the communist/socialists that have usurped our public school systems have dumbed down Americans for his initiatives and agenda to go unidentified and get a free pass.
This is basic stuff that America is simply missing or denying out-of-hand as if those trying desperately to reveal the truth to be nothing more than ignorant recalcitrant children that need to be ignored and maybe even spanked for their "acting-out." Apparently the nanny-staters would put us all on Ritalin and maybe Prozac so we can all just get along while those that portend to want nothing but peace, love, and contentment are actually endeavoring toward totalitarian tyrannical rule over us as a lower peasant class of indentured-servitude and slave labor to the machine of their power and wealth as the one upper rulership class of ersatz wealth (earned and created on our backs by our labors like the débutante ball throwing southern slave/plantation owning aristocracy) to be taken from us in confiscatory fraudulent assertions of a philosophized fairness-doctrine inspired taxation revenue redistribution schemes clearly intended to destroy and remove the middle class; a thinking power-belt of We The People in charge of our public civil servants, requiring personal responsibility and self-accountability from everyone from the top to the bottom wrung of our American ladder of opportunity based of liberty and freedom for all that holds it's helping hand down and out to give the lower-class a boost up our American ladder.
People actually buy this bill-o'-goods that those on the left actually want to help the lower-class rise by force feeding "wealth" into it "from the bottom up." Yet the clear reality being processed and exercised is the dooming to poverty being inflicted upon those at the bottom foolish and ignorant enough to accept the false-premise that the power and prestige mongering aristocracy of the left make their millions out of the monies they portend are slated for the lower-class.
The monies Barry Obama took for himself out of Fannie and Freddie are monies they would have us believe are slated for helping the little guy, the downtrodden, and the oppressed... All they did was rape and rob those funds for themselves in a criminal scheme of embezzlement while giving false hope to those that cannot and should not afford the homes they purchased with a drying up source of funds that will force the foreclosure of those ignorant and foolish enough to have bought into the poverty-pimping race-baiting bunk schemes of Robbin-Hoodesque pap, pablum, and delusion.
The left is truly endeavoring the thwart those it pretends to champion and dismantle the middle class to turn it into an all-in-one lower class of dependency on the government for it's meager and mere survival and existence, while never intending to offer any opportunity of upward mobility!
Sunday, October 12, 2008
Wednesday, October 1, 2008
Banking Collapse - The Common-Sense Fix
Years of bad decisions and stupid mistakes have created an economic nightmare in this country, but $700 billion in new debt is not the answer. As a tax-paying American citizen, I will not support any congressperson who votes to implement such a policy. Instead, I submit the following; The Ramsey Common-Sense Fix by David Ramsey; these three steps:
Common Sense Plan.
I. INSURANCE
A. Insure the subprime bonds/mortgages with an underlying FHA-type insurance. Government-insured and backed loans would have an instant market all over the world, creating immediate and needed liquidity.
B. In order for a company to accept the government-backed insurance, they must do two things:
1. Rewrite any mortgage that is more than three months delinquent to a 6% fixed-rate mortgage. a. Roll all back payments with no late fees or legal costs into the balance. This brings homeowners current and allows them a chance to keep their homes. b. Cancel all prepayment penalties to encourage refinancing or the sale of the property to pay off the bad loan. In the event of foreclosure or short sale, the borrower will not be held liable for any deficit balance. FHA does this now, and that encourages mortgage companies to go the extra mile whileworking with the borrower—again limiting foreclosures and ruined lives.
2. Cancel ALL golden parachutes of EXISTING and FUTURE CEOs and executive team members as long as the company holds these government-insured bonds/mortgages. This keeps underperforming executives from being paid when they don’t do their jobs.
C. This backstop will cost less than $50 billion—a small fraction of the current proposal.
II. MARK TO MARKET
A. Remove mark to market accounting rules for two years on only subprime Tier III bonds/mortgages. This keeps companies from being forced to artificially mark down bonds/mortgages below the value of the underlying mortgages and real estate.
B. This move creates patience in the market and has an immediate stabilizing effect on failing and ailing banks—and it costs the taxpayer nothing.
III. CAPITAL GAINS TAX
A. Remove the capital gains tax completely. Investors will flood the real estate and stock market in search of tax-free profits, creating tremendous—and immediate—liquidity in the markets. Again, this costs the taxpayer nothing.
B. This move will be seen as a lightning rod politically because many will say it is helping the rich. The truth is the rich will benefit, but it will be their money that stimulates the economy. This will enable all Americans to have more stable jobs and retirement investments that go up instead of down. This is not a time for envy, and it’s not a time for politics. It’s time for all of us, as Americans, tostand up, speak out, and fix this mess.
Common Sense Plan.
I. INSURANCE
A. Insure the subprime bonds/mortgages with an underlying FHA-type insurance. Government-insured and backed loans would have an instant market all over the world, creating immediate and needed liquidity.
B. In order for a company to accept the government-backed insurance, they must do two things:
1. Rewrite any mortgage that is more than three months delinquent to a 6% fixed-rate mortgage. a. Roll all back payments with no late fees or legal costs into the balance. This brings homeowners current and allows them a chance to keep their homes. b. Cancel all prepayment penalties to encourage refinancing or the sale of the property to pay off the bad loan. In the event of foreclosure or short sale, the borrower will not be held liable for any deficit balance. FHA does this now, and that encourages mortgage companies to go the extra mile whileworking with the borrower—again limiting foreclosures and ruined lives.
2. Cancel ALL golden parachutes of EXISTING and FUTURE CEOs and executive team members as long as the company holds these government-insured bonds/mortgages. This keeps underperforming executives from being paid when they don’t do their jobs.
C. This backstop will cost less than $50 billion—a small fraction of the current proposal.
II. MARK TO MARKET
A. Remove mark to market accounting rules for two years on only subprime Tier III bonds/mortgages. This keeps companies from being forced to artificially mark down bonds/mortgages below the value of the underlying mortgages and real estate.
B. This move creates patience in the market and has an immediate stabilizing effect on failing and ailing banks—and it costs the taxpayer nothing.
III. CAPITAL GAINS TAX
A. Remove the capital gains tax completely. Investors will flood the real estate and stock market in search of tax-free profits, creating tremendous—and immediate—liquidity in the markets. Again, this costs the taxpayer nothing.
B. This move will be seen as a lightning rod politically because many will say it is helping the rich. The truth is the rich will benefit, but it will be their money that stimulates the economy. This will enable all Americans to have more stable jobs and retirement investments that go up instead of down. This is not a time for envy, and it’s not a time for politics. It’s time for all of us, as Americans, tostand up, speak out, and fix this mess.
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