My opinion: Obama and his team are in waaaaay over their collective heads. They believe the world is basically good, and because Obama is in control of the White House, the world will warm to them and we will all live together in harmony.
Except that’s not the world. Putin will outmaneuver the clueless Obama. The middle east will continue to shun American and call us the Great Satan. China is waiting for the right moment when they own all our assets before they invade Taiwan. Our response will be every bit as lame as our response was against Russia’s invasion of Georgia.
The only way Obama can make it worse is to cripple our GDP for years with excessive liberal pet programs and inflicting a nationalized banking and health care system on us while completely destroying our economy with massive deficit spending and liberal pork spending.
Operation Cripple America now in progress.Read Full Post | Make a Comment ( None so far )
Associated Press headline, “Obama urges spending curbs, hands out $15 billion.”
After not quite a month in office, I’ve begun to change my opinion on the President. I thought at first he was a useful idiot, a tool of the powerful Democrat Spending Machine.
I no longer think he’s useful, and “idiot” may be too high a compliment.
“If we confront this crisis without also confronting the deficits that helped cause it we risk sinking into another crisis down the road,” the president warned. “We cannot simply spend as we please and defer the consequences to the next budget, the next administration or the next generation.”
It’s barely a week since Obama disregarded calls to trim the so-called Stimulus Package, the Porkulus Bill. Billions of dollars of non-stimulus spending items went into that bill, then Obama followed up with another $250 billion or so for the mortgage industry.
Obama has spent more money in 30 days than any President in history. I would not be surprised to find he spent more than all previous Presidents combined.
And he has the gall to say we have to get spending under control? Does he even have a clue what he’s doing? First he says we must spend for the good of our economy, then he says we need to stop spending for the good of the economy.
What the heck is he doing? He’s not just saying an doing two different things – he’s actually saying to different things at the same time.
I see today he’s also pledged $900 million to rebuild Gaza. Didn’t we also sell Israel the weaponry to destroy Gaza to halt terrorist attacks? When the Palestinians re-attack Israel, will we also help rebuild Jewish settlements? Where did Obama suddenly get this $900 million?
Next up, nationalized banks, nationalized healthcare, a few more trillion dollars in spending, followed by another call for fiscal responsibility?
What got us into this mess was government intervention pressuring banks into lending to people who couldn’t pay their loans back and individual and corporate greed and a attitude of immediate gratification and a complete disregard for the debt our grandchildren will inherit. And somehow, the fix for this mess is to pressure banks into lending to people who can’t pay their loans back and individual and corporate greed and a attitude of immediate gratification and a complete disregard for the debt our grandchildren will inherit. Are these people nuts?
No wonder there’s a movement afoot for a Chicago Tea Party. We’re taking money away from the grandchildren in red states and giving it to inept governments in blue states. And now Obama says those same grandchildren better get their spending under control. It’s worse than Orweillian. It’s obtuse and deranged. It’s destructive.
Please stop helping, Mr. President, before we become a third world country.Read Full Post | Make a Comment ( 7 so far )
I’m amazed at how fast we’re moving to a system where the government controls everything. They’re nationalizing banks, socializing medicine, rewriting property laws and taxing our grandchildren as we speak. Here I thought the loss of property rights from the Kelo decision were bad for America. All this coming from lefties who have said for decades they distrust the government. Apparently that’s true only when they’re not in power.
Here’s the latest: they want to put a GPS in your car. They want to see where you drive, when you drive, how far you drive, and tax you based on your driving habits.
The system would require all cars and trucks be equipped with global satellite positioning technology, a transponder, a clock and other equipment to record how many miles a vehicle was driven, whether it was driven on highways or secondary roads, and even whether it was driven during peak traffic periods or off-peak hours.
The device would tally how much tax motorists owed depending upon their road use. Motorists would pay the amount owed when it was downloaded, probably at gas stations at first, but an alternative eventually would be needed.
Next step, no doubt, is to actually implant GPS technology into people.Read Full Post | Make a Comment ( 1 so far )
And so the veil of deceit lifts. The news media, so eager to proclaim Obama as the messiah during the election cycle, now turns on him and begins to devour him. What changed?
In one sense, nothing. Obama’s promises of socialist changes are progressing. Universal health care, nationalization of manufacturers and banking, imposition of union rules, reestablishment of federal funding of abortion, and massive taxing and spending are being implemented at a frightening speed, with no conservative obstacles in sufficient numbers to slow them down.
In another sense, everything. Obama promised to be open and honest, anti-pork, hope and change instead of fear, yet many of the policies were buried inside a pork-laden monstrosity without debate, without the 5-day evaluation, and signed under dire warnings of catastrophe, and sometimes outright lies, such as the re-hiring of manufafacturing jobs and “all economists agree” pitches.
The revolt of hard working American, long overdue, has begun. Trillions of dollars printing are now showing up as inflation. CNBC says “traders revolt” and openly question why diligent homeowners must pay for the mortgages of dlinquent homeowners. Even high school children, governed by emotion instead of experience, said after his appearance this morning that they don’t believe eveything Obama says and understand the Stimulus bill is bad for the economy and is merely a thinly-disguised pork-laden liberal agenda.
One teenager even wore an Obama t-shirt that said, “Hitler gave good speeches, too.”
But the “angry left” is having it’s day, and I see few obstacles in their way for the next two years. It’s amazing the damage they’ve caused already in just 3 weeks of office. What can we do except batten down the hatches and weather this liberal storm?
I’m praying, and I’m buying gold.Read Full Post | Make a Comment ( 1 so far )
From Obama’s speech last night -
Most economists almost unanimously recognize that, even if philosophically you’re — you’re wary of government intervening in the economy, when you have the kind of problem we have right now — what started on Wall Street, goes to Main Street, suddenly businesses can’t get credit, they start paring back their investment, they start laying off workers, workers start pulling back in terms of spending — that, when you have that situation, that government is an important element of introducing some additional demand into the economy.
Most economists? Cato Organization has a list of economists who disagree:
Burton Abrams, Univ. of Delaware
Douglas Adie, Ohio University
Ryan Amacher, Univ. of Texas at Arlington
J.J. Arias, Georgia College & State University
Howard Baetjer, Jr., Towson University
Stacie Beck, Univ. of Delaware
Don Bellante, Univ. of South Florida
James Bennett, George Mason University
Bruce Benson, Florida State University
Sanjai Bhagat, Univ. of Colorado at Boulder
Mark Bils, Univ. of Rochester
Alberto Bisin, New York University
Walter Block, Loyola University New Orleans
Cecil Bohanon, Ball State University
Michele Boldrin, Washington University in St. Louis
Donald Booth, Chapman University
Michael Bordo, Rutgers University
Samuel Bostaph, Univ. of Dallas
Scott Bradford, Brigham Young University
Genevieve Briand, Eastern Washington University
George Brower, Moravian College
James Buchanan, Nobel laureate
Richard Burdekin, Claremont McKenna College
Henry Butler, Northwestern University
William Butos, Trinity College
Peter Calcagno, College of Charleston
Bryan Caplan, George Mason University
Art Carden, Rhodes College
James Cardon, Brigham Young University
Dustin Chambers, Salisbury University
Emily Chamlee-Wright, Beloit College
V.V. Chari, Univ. of Minnesota
Barry Chiswick, Univ. of Illinois at Chicago
Lawrence Cima, John Carroll University
J.R. Clark, Univ. of Tennessee at Chattanooga
Gian Luca Clementi, New York University
R. Morris Coats, Nicholls State University
John Cochran, Metropolitan State College
John Cochrane, Univ. of Chicago
John Cogan, Hoover Institution, Stanford University
John Coleman, Duke University
Boyd Collier, Tarleton State University
Robert Collinge, Univ. of Texas at San Antonio
Lee Coppock, Univ. of Virginia
Mario Crucini, Vanderbilt University
Christopher Culp, Univ. of Chicago
Kirby Cundiff, Northeastern State University
Antony Davies, Duquesne University
John Dawson, Appalachian State University
Clarence Deitsch, Ball State University
Arthur Diamond, Jr., Univ. of Nebraska at Omaha
John Dobra, Univ. of Nevada, Reno
James Dorn, Towson University
Christopher Douglas, Univ. of Michigan, Flint
Floyd Duncan, Virginia Military Institute
Francis Egan, Trinity College
John Egger, Towson University
Kenneth Elzinga, Univ. of Virginia
Paul Evans, Ohio State University
Eugene Fama, Univ. of Chicago
W. Ken Farr, Georgia College & State University
Hartmut Fischer, Univ. of San Francisco
Fred Foldvary, Santa Clara University
Murray Frank, Univ. of Minnesota
Peter Frank, Wingate University
Timothy Fuerst, Bowling Green State University
B. Delworth Gardner, Brigham Young University
John Garen, Univ. of Kentucky
Rick Geddes, Cornell University
Aaron Gellman, Northwestern University
William Gerdes, Clarke College
Michael Gibbs, Univ. of Chicago
Stephan Gohmann, Univ. of Louisville
Rodolfo Gonzalez, San Jose State University
Richard Gordon, Penn State University
Peter Gordon, Univ. of Southern California
Ernie Goss, Creighton University
Paul Gregory, Univ. of Houston
Earl Grinols, Baylor University
Daniel Gropper, Auburn University
R.W. Hafer, Southern Illinois
Arthur Hall, Univ. of Kansas
Steve Hanke, Johns Hopkins
Stephen Happel, Arizona State University
Frank Hefner, College of Charleston
Ronald Heiner, George Mason University
David Henderson, Hoover Institution, Stanford University
Robert Herren, North Dakota State University
Gailen Hite, Columbia University
Steven Horwitz, St. Lawrence University
John Howe, Univ. of Missouri, Columbia
Jeffrey Hummel, San Jose State University
Bruce Hutchinson, Univ. of Tennessee at Chattanooga
Brian Jacobsen, Wisconsin Lutheran College
Jason Johnston, Univ. of Pennsylvania
Boyan Jovanovic, New York University
Jonathan Karpoff, Univ. of Washington
Barry Keating, Univ. of Notre Dame
Naveen Khanna, Michigan State University
Nicholas Kiefer, Cornell University
Daniel Klein, George Mason University
Paul Koch, Univ. of Kansas
Narayana Kocherlakota, Univ. of Minnesota
Marek Kolar, Delta College
Roger Koppl, Dickinson University” href=”http://www.fdu.edu/” rel=”homepage”>Fairleigh Dickinson University
Kishore Kulkarni, Metropolitan State College of Denver
Deepak Lal, UCLA
George Langelett, South Dakota State University
James Larriviere, Spring Hill College
Robert Lawson, Auburn University
John Levendis, Loyola University New Orleans
David Levine, Washington University in St. Louis
Peter Lewin, Univ. of Texas at Dallas
Dean Lillard, Cornell University
Zheng Liu, Emory University
Alan Lockard, Binghampton University
Edward Lopez, San Jose State University
John Lunn, Hope College
Glenn MacDonald, Washington
University in St. Louis
Michael Marlow, California
Polytechnic State University
Deryl Martin, Tennessee Tech University
Dale Matcheck, Northwood University
Deirdre McCloskey, Univ. of Illinois, Chicago
John McDermott, Univ. of South Carolina
Joseph McGarrity, Univ. of Central Arkansas
Roger Meiners, Univ. of Texas at Arlington
Allan Meltzer, Carnegie Mellon University
John Merrifield, Univ. of Texas at San Antonio
James Miller III, George Mason University
Jeffrey Miron, Harvard University
Thomas Moeller, Texas Christian University
John Moorhouse, Wake Forest University
Andrea Moro, Vanderbilt University
Andrew Morriss, Univ. of Illinois at Urbana-Champaign
Michael Munger, Duke University
Kevin Murphy, Univ. of Southern California
Richard Muth, Emory University
Charles Nelson, Univ. of Washington
Seth Norton, Wheaton College
Lee Ohanian, Univ. of California, Los Angeles
Lydia Ortega, San Jose State University
Evan Osborne, Wright State University
Randall Parker, East Carolina University
Donald Parsons, George Washington University
Sam Peltzman, Univ. of Chicago
Mark Perry, Univ. of Michigan, Flint
Christopher Phelan, Univ. of Minnesota
Gordon Phillips, Univ. of Maryland
Michael Pippenger, Univ. of Alaska, Fairbanks
Tomasz Piskorski, Columbia University
Brennan Platt, Brigham Young University
Joseph Pomykala, Towson University
William Poole, Univ. of Delaware
Barry Poulson, Univ. of Colorado at Boulder
Benjamin Powell, Suffolk University
Edward Prescott, Nobel laureate
Gary Quinlivan, Saint Vincent College
Reza Ramazani, Saint Michael’s College
Adriano Rampini, Duke University
Eric Rasmusen, Indiana University
Mario Rizzo, New York University
Richard Roll, Univ. of California, Los Angeles
Robert Rossana, Wayne State University
James Roumasset, Univ. of Hawaii at Manoa
John Rowe, Univ. of South Florida
Charles Rowley, George Mason University
Juan Rubio-Ramirez, Duke University
Roy Ruffin, Univ. of Houston
Kevin Salyer, Univ. of California, Davis
Pavel Savor, Univ. of Pennsylvania
Ronald Schmidt, Univ. of Rochester
Carlos Seiglie, Rutgers University
William Shughart II, Univ. of Mississippi
Charles Skipton, Univ. of Tampa
James Smith, Western Carolina University
Vernon Smith, Nobel laureate
Lawrence Southwick, Jr., Univ. at Buffalo
Dean Stansel, Florida Gulf Coast University
Houston Stokes, Univ. of Illinois at Chicago
Brian Strow, Western Kentucky University
Shirley Svorny, California State
John Tatom, Indiana State University
Wade Thomas, State University of New York at Oneonta
Henry Thompson, Auburn University
Alex Tokarev, The King’s College
Edward Tower, Duke University
Leo Troy, Rutgers University
David Tuerck, Suffolk University
Charlotte Twight, Boise State University
Kamal Upadhyaya, Univ. of New Haven
Charles Upton, Kent State University
T. Norman Van Cott, Ball State University
Richard Vedder, Ohio University
Richard Wagner, George Mason University
Douglas M. Walker, College of Charleston
Douglas O. Walker, Regent University
Christopher Westley, Jacksonville State University
Lawrence White, Univ. of Missouri at St. Louis
Walter Williams, George Mason University
Doug Wills, Univ. of Washington Tacoma
Dennis Wilson, Western Kentucky University
Gary Wolfram, Hillsdale College
Huizhong Zhou, Western Michigan University
Lee Adkins, Oklahoma State University
William Albrecht, Univ. of Iowa
Donald Alexander, Western Michigan University
Geoffrey Andron, Austin Community College
Nathan Ashby, Univ. of Texas at El Paso
George Averitt, Purdue North Central University
Charles Baird, California State University, East Bay
Timothy Bastian, Creighton University
John Bethune, Barton College
Robert Bise, Orange Coast College
Karl Borden, University of Nebraska
Donald Boudreaux, George Mason University
Ivan Brick, Rutgers University
Phil Bryson, Brigham Young University
Richard Burkhauser, Cornell University
Edwin Burton, Univ. of Virginia
Jim Butkiewicz, Univ. of Delaware
Richard Cebula, Armstrong Atlantic State University
Don Chance, Louisiana State University
Robert Chatfield, Univ. of Nevada, Las Vegas
Lloyd Cohen, George Mason University
Peter Colwell, Univ. of Illinois at Urbana-Champaign
Michael Connolly, Univ. of Miami
Jim Couch, Univ. of North Alabama
Eleanor Craig, Univ. of Delaware
ls, Columbus State University
A. Edward Day, Univ. of Texas at Dallas
Stephen Dempsey, Univ. of Vermont
Allan DeSerpa, Arizona State University
William Dewald, Ohio State University
Jeff Dorfman, Univ. of Georgia
Lanny Ebenstein, Univ. of California, Santa Barbara
Michael Erickson, The College of Idaho
Jack Estill, San Jose State University
Dorla Evans, Univ. of Alabama in Huntsville
Frank Falero, California State University, Bakersfield
Daniel Feenberg, National Bureau of Economic Research
Eric Fisher, California Polytechnic State University
Arthur Fleisher, Metropolitan State College of Denver
William Ford, Middle Tennessee State University
Ralph Frasca, Univ. of Dayton
Joseph Giacalone, St. John’s University
Adam Gifford, California State Unviersity, Northridge
Otis Gilley, Louisiana Tech University
J. Edward Graham, University of North Carolina at Wilmington
Richard Grant, Lipscomb University
Gauri-Shankar Guha, Arkansas State University
Darren Gulla, Univ. of Kentucky
Dennis Halcoussis, California State University, Northridge
Richard Hart, Miami University
James Hartley, Mount Holyoke College
Thomas Hazlett, George Mason University
Scott Hein, Texas Tech University
Bradley Hobbs, Florida Gulf Coast University
John Hoehn, Michigan State University
Daniel Houser, George Mason University
Thomas Howard, University of Denver
Chris Hughen, Univ. of Denver
Marcus Ingram, Univ. of Tampa
Joseph Jadlow, Oklahoma State University
Sherry Jarrell, Wake Forest University
Carrie Kerekes, Florida Gulf Coast University
Robert Krol, California State University, Northridge
James Kurre, Penn State Erie
Tom Lehman, Indiana Wesleyan University
W. Cris Lewis, Utah State University
Stan Liebowitz, Univ. of Texas at Dallas
Anthony Losasso, Univ. of Illinois at Chicago
John Lott, Jr., Univ. of Maryland
Keith Malone, Univ. of North Alabama
Henry Manne, George Mason University
Richard Marcus, Univ. of Wisconsin-Milwaukee
Timothy Mathews, Kennesaw State University
John Matsusaka, Univ. of Southern California
Thomas Mayor, Univ. of Houston
W. Douglas McMillin, Louisiana State University
Mario Miranda, The Ohio State University
Ed Miseta, Penn State Erie
James Moncur, Univ. of Hawaii at Manoa
Charles Moss, Univ. of Florida
Tim Muris, George Mason University
John Murray, Univ. of Toledo
David Mustard, Univ. of Georgia
Steven Myers, Univ. of Akron
Dhananjay Nanda, University of Miami
Stephen Parente, Univ. of Minnesota
Allen Parkman, Univ. of New Mexico
Douglas Patterson, Virginia Polytechnic Institute and University
Timothy Perri, Appalachian State University
Mark Pingle, Univ. of Nevada, Reno
Ivan Pongracic, Hillsdale College
Richard Rawlins, Missouri Southern State University
Thomas Rhee, California State University, Long Beach
Christine Ries, Georgia Institute of Technology
Nancy Roberts, Arizona State University
Larry Ross, Univ. of Alaska Anchorage
Timothy Roth, Univ. of Texas at El Paso
Atulya Sarin, Santa Clara University
Thomas Saving, Texas A&M University
Eric Schansberg, Indiana University Southeast
John Seater, North Carolina University
Alan Shapiro, Univ. of Southern California
Frank Spreng, McKendree University
Judith Staley Brenneke, John Carroll University
John E. Stapleford, Eastern University
Courtenay Stone, Ball State University
Avanidhar Subrahmanyam, UCLA
Scott Sumner, Bentley University
Clifford Thies, Shenandoah University
William Trumbull, West Virginia University
Gustavo Ventura, Univ. of Iowa
Marc Weidenmier, Claremont McKenna College
Robert Whaples, Wake Forest University
Gene Wunder, Washburn University
John Zdanowicz, Florida International University
Jerry Zimmerman, Univ. of Rochester
Joseph Zoric, Franciscan University of Steubenville
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It’s National Bailout Day, seeing as how our illustrious US Congress has allocated $700 billion for Wall Street bankers. As Christians, I think we probably could put $700 billion to better use, don’t you?
But I got to thinking that our lives are not ours, we have been purchased at a cost. How much did it cost for Jesus to bail us out? In that view, $700 is mere paper. The Son of God sacrificed Himself.
Chasing the Wind is please tonight to host the 244th Christian Carnival, this week’s collection of the best Christian writing found on the planet. (Hey, if you find better, at least you’re looking. Halleluiah. :) )
In order they were received, here they are -
- Minister Mamie L. Pack presents Called to pray posted at The Life I Now Live. Instead of just watching somebody fail – why not pray for them?
- FMF presents Is It Ok for a Church to Accept Credit Card Donations? posted at Free Money Finance. Are credit cards themselves either good or bad?
- Renae presents Feeding my Pride posted at Life Nurturing Education. Sometimes it’s hard to recognize the tangled weight of expectations.
- And Michael (that’s me) presents Hearing God posted at Chasing the Wind. God wants you to put it into practice. Are you just listening?
- Messy Christian presents The Shack: Is it heresy? Wayne Jacobsenâ€™s answers posted at Messy Christian (2.0). Messy Christian interviews the publisher of The Shack, Wayne Jacobsen, and asks him what he thinks about the controversy swirling around William P. Young’s bestseller.
- Raffi Shahinian presents Top 10 Things I’ve Learned Re: Emerging/Emergent Over the Last Few Weeks posted at parables of a prodigal world. There’s been a lot of internal dialogue about “Emerging Church” / “Emergent” over the last few weeks. Here are some things he’s learned by following that dialogue.
- Daniel Partin presents Defending The Shack: Black Madonna posted at Prophet For Hire: A blog for those seeking relationship with God. Daniel defends The Shack from charges of promoting goddess worship.
- Casey Petersen presents Financial Crises for Dummies, Part 1: Wu-wu-What just happened? posted at The Limitless. The beginning of the Financial Crises for Dummies series, which will examine the basics of what makes our economy work, and how we got into our current financial crisis, leaving out all the Wall Street mumbo-jumbo and buzz words. While this post is strictly about the economy, future posts will be looking into biblical views on money and finances.
- From Weekend Fisher, Did Jesus testify to his identity? posted at Heart, Mind, Soul, and Strength. Have you ever talked to a Muslim who challenged, “Where did Jesus say, ‘I am God’?” or a non-Christian who challenged, “Where did Jesus claim to be the Christ?” Weekend Fisher reviews what Jesus said about what testimony on our own behalf is worth — and what witnesses he called on his behalf.
- Diane R presents What is Masculinity Anyway? posted at Crossroads: Where Faith and Inquiry Meet. A lot has been written about the lack of masculinity in our church men. But is the new men’s movement going too far? And is it really true, especially of the younger men?
- This week at Light Along the Journey John thinks about what to do when you see that red Audi convertible drive past you and feel that tug to make a trip to your car dealer in his post Four Ways to Deal with Desire.
- Jeremy Pierce presents Dover Intelligent Design Design Decision posted at Parableman. An evaluation of Kitzmiller v. Dover Area School District, a case back in 2005 that declared an intelligent design curriculum in the Dover school district unconstitutional.
- Henry Imler presents An Evil, Bipolar God posted at Hundie Jo [dot] Com. How do scholars interpret Old Testament commands to destroy other cultures?
- Claudia presents Get Out of That Shell posted at Standing Straight. Claudia hates confrontation, even watching it on TV makes her want to run and hide. We can be like turtles, but it may be necessary to stick our necks out on occasion.
- Annette presents All is in Subjection to him posted at Fish and Cans, a study of Hebrews 2.
- ChrisB presents Half a Blue Parakeet posted at Homeward Bound. An unfortunately negative review of Scot McKnight‘s new book The Blue Parakeet .
- Wickle presents Defining the Pharisees posted at A True Believer’s Blog. Wickle was explaining the Pharisees to his sons, and recaps that conversation, along with some other thoughts about who and what Pharisees do today, and why.
- andriel presents The Purpose of the Law (Part 2) posted at ReturningKing.com. This is part five, the latest installation, in an ongoing series examining the question, “how is a believer to relate to the Old Testament Law of Moses?”
- MedicineMan presents Firmly By The Blade posted at Gladio Mentis – The Sword Of The Mind. A look at how Occam’s Razor really works…and how atheists tend to mishandle it.
And that” wrap up this week’s edition. Submit your blog article to the next edition of christian carnival ii using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.Read Full Post | Make a Comment ( 10 so far )
As we all know by now, Congress failed to pass the Bailout Bill on Monday for $700 billion (a number, apparently, the US Treasury just made up). If they pass it, they saddle taxpayers with the debt and socialize the banking system. If they don’t pass it, they tell us civilization will end as we know it and we enter the Next Great Depression.
Are those the only two options? Great Depression versus Socialism?
New Tax earmarks in Bailout bill
– Film and Television Productions (Sec. 502)
– Wooden Arrows designed for use by children (Sec. 503)
– 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)
Tax earmark â€œextendersâ€ in the bailout bill.
– Virgin Island and Puerto Rican Rum (Section 308)
– American Samoa (Sec. 309)
– Mine Rescue Teams (Sec. 310)
– Mine Safety Equipment (Sec. 311)
– Domestic Production Activities in Puerto Rico (Sec. 312)
– Indian Tribes (Sec. 314, 315)
– Railroads (Sec. 316)
– Auto Racing Tracks (317)
– District of Columbia (Sec. 322)
– Wool Research (Sec. 325)
Ah. Obviously, Socialized Banking will be much more palatable if we buy more Puerto Rican rum. American Samoans and Indian Tribes who will be receiving earmarks will be happy to know that Puerto Rican rum will be cheaper. And Nascar, while they didn’t get beer subsidies, got some help with auto racing tracks.
I think, though, we can all breathe a sigh of relief that there are now earmarks for wooden arrows designed for use by children. I assume that the children from Indian tribes will be provided with wooden arrows and Puerto Rican rum, then told to drive around a race track and shoot each other while drunk. There’s money in there, too, for Film and Television to make it into a movie.
That alone justifies eliminating capitalism and socializing the western banking world. The bill should pass now.Read Full Post | Make a Comment ( 4 so far )
I had been thinking this, but hadn’t seen anybody writing about it.
Sub-prime mortgages have led to a financial crisis. The blame for sub-prime mortgages generally get laid on the greed of the mortgage bankers, but is that all there is to it?
Twenty years ago I remember the push to get banks and lending into low-income minority neighborhoods. There was a push at the time to make mortgages easier for those who could least afford them because it was good for the neighborhood.
Stan Liebowitz’s book, Housing America: Building out of a Crisis, puts the blame back on the federal government. I agree – without the government pushing banks to lend to risky people, there would have been less risk. Simple, no?
Update from A Mortgage Fable -
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- The Community Reinvestment Act. This 1977 law compels banks to make loans to poor borrowers who often cannot repay them. Banks that failed to make enough of these loans were often held hostage by activists when they next sought some regulatory approval.
Robert Litan, an economist at the Brookings Institution, told the Washington Post this year that banks “had to show they were making a conscious effort to make loans to subprime borrowers.” The much-maligned Phil Gramm fought to limit these CRA requirements in the 1990s, albeit to little effect and much political jeering.
I suppose she must have found me by googling, perhaps looking for Dale Earnhardt’s current girlfriend. However she found me, Mrs. Arafat emailed me and wants to share $6.5 billion dollars with me.
From: Mrs Suha Arafat ( firstname.lastname@example.org )
Re: Trusted Partner For Investment/Safekeep
Wednesday, September 26, 2007 1:31:26 PM
This mail may not be surprising to you if you have been following current
events in the international media with reference to the Middle East and
Palestine in particular.I am Mrs. SUHA ARAFAT, the wife of YASSER
ARAFAT,the Palestinian leader who died recently in Paris.
Poor thing. Yasser died nearly three years ago. You’d think she’d be done grieving over him by now; three years isn’t exactly recent. She goes on to say -
Since his death and even prior to the announcement,I have been thrown into
a state of antagonism,confusion, humiliation, frustration and
hopelessness by the present leadership of the Palestinian Liberation
Organization and the new Prime Minister.I have even been subjected to
physical and psychological torture. As a widow that is so traumatized,I
have lost confidence with everybody in the country at the moment.
You must have heard over the media reports and the Internet on the
discovery of some fund in my husband secret bank account and companies and
the allegations of some huge sums of money deposited by my husband in my
name of which I have refused to disclose or give up to the corrupt
Palestine Government. In fact the total sum allegedly discovered by the
Government so far is in the tune of about $6.5 Billion Dollars. And they
are not relenting on their effort to make me poor for life.
Perhaps they’re torturing her because she has $6.5 billion that was meant for humanitarian aid but her terrorist dead husband siphoned it off greedily to spend it on yachts and clothes and stuff. I’m just saying.
In case you don’t accept please do not let me out to the security and
international media as I am giving you this information in total trust and
confidence. I will greatly appreciate if you accept my proposal in good
faith. Please include your tel/fax numbers to expedite action and reply
only to my private email address email@example.com
Mrs Suha Arafat
Dang it, I wish I had read that part first. Now I’ve shared not only her request to “the security and international media” but also given out her personal email address which oddly doesn’t match the gmail address I received. Oh well.
I’d contact her and collect my portion, but I just got through writing a post about Jesus and money and collecting embezzled money from the widowed wives of terrorists just doesn’t seem right. Besides, Mr. Chan Lee of Hong Kong wants me to have part of his $17 million that he’s currently embezzling from a bank in Hong Kong.
My name is Mr. Chan Lee, I am a staff of Bank of China Hong Kong. I have a Business Proposal of $17,300,000.00 for you to handle with me from my bank.I will need you to assist me in executing this Business from Hong Kong to your country, Should you be interested please reach me on this email address (firstname.lastname@example.org) so that I can furnish you with more details concerning this business.
Busy, busy, busy.Read Full Post | Make a Comment ( 7 so far )
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