Rahm Emanuel certainly skirted any major repercussions to his involvement in the Blagojevich scandal. But will he be able to do the same from what he knew about the Mortgage Giants Freddie Mac?
In 2000 Emanuel was appointed to the Board of Freddie Mac after helping Bill Clinton escape from the turbulent Lewinsky and Whitewater scandals. While at Freddie, for 14 months, Rahm did little to earn his $320,000 except to show up to 6 board meetings where they were "told by executives of a plan to use accounting tricks to mislead shareholders about outsize profits."
The Obama Administration, once again is keeping true to a new openness and level of transperancy. Obama refused the Chicago Tribune access to board minutes during Emanuel's stint even though the Freedom of Information Act grants such access.
When will Obama make true his promises to the American people? When will we have integrity back in the White House and this Administration? We have swindlers, tax cheats and lobbyists, all whom Obama promised we wouldn't have. Maybe Obama Hoped we wouldn't have it. Maybe Obama's Change will come when he sees fit.
I don't want to wait! Lets send a message to this Administration that we wont accept these policies, vote for Tedisco in New York.
Thursday, March 26, 2009
Wednesday, March 25, 2009
Insider Information
Senator Dodd knew more about the workings of AIG than he let on. His wife is the former Director of a subsidiary of AIG - IPC Holdings - where she attended more than 75% of the board meetings while working on the Audit and Investment Committee. 
When coupled with AIG donations to Dodd's campaigns Senator Dodd really must have had insider information.
Dodd's up for reelection in 2010...isn't it time to rid the Senate of dishonesty?
When coupled with AIG donations to Dodd's campaigns Senator Dodd really must have had insider information.Dodd's up for reelection in 2010...isn't it time to rid the Senate of dishonesty?
Schooling for Obama
Mr. Obama...these words ring true for you as well! You cannot spend your way out of recession or borrow your way out of debt.
Tuesday, March 24, 2009
What significance is a name?
I'm sure everyone alive when Kennedy was shot remembers exactly what they were doing at exactly the moment they heard the news. I'm sure people remember exactly what they were doing the morning of September 11. These are events not easily forgotten.
Does President Obama remember what he was doing that horrific morning? Were the then state Senator Obama's first thoughts, "America most have antagonized those 19 hijackers?"
My guess is no.
If I am correct, then what business does, now President Obama, have changing the name, "War on Terror" to, "Overseas Contingency Operation?"
If we revert to the Kennedy Administration we can see how relevant names were. Pobeda! This word is Russian and to the technical expert it's a SS-3 MRBM, but to the rest of us it's commonly referred to as medium range ballistic missile. If the Kennedy Administration had called it something else, and downplayed the terminology, who knows, Washington DC today may not exist.
Changing the name was a bad idea Mr. President! The act may be insignificant to you, but to some, like the terrorists who initially instigated this terminology, it means victory. We have not yet won the war on terror. We should not give this ground to those who threaten peace and stability in the world. I urge you, Mr. President, reconsider your decision.
Does President Obama remember what he was doing that horrific morning? Were the then state Senator Obama's first thoughts, "America most have antagonized those 19 hijackers?"
My guess is no.
If I am correct, then what business does, now President Obama, have changing the name, "War on Terror" to, "Overseas Contingency Operation?"
If we revert to the Kennedy Administration we can see how relevant names were. Pobeda! This word is Russian and to the technical expert it's a SS-3 MRBM, but to the rest of us it's commonly referred to as medium range ballistic missile. If the Kennedy Administration had called it something else, and downplayed the terminology, who knows, Washington DC today may not exist.
Changing the name was a bad idea Mr. President! The act may be insignificant to you, but to some, like the terrorists who initially instigated this terminology, it means victory. We have not yet won the war on terror. We should not give this ground to those who threaten peace and stability in the world. I urge you, Mr. President, reconsider your decision.
Monday, March 23, 2009
The Road to Stagflation
The Obama Administration is spending wildly beyond the imagination of any conservative analyst I know. Last month, the spending started (excluding TARP) with H.R. 1, more commonly known as the American Recovery and Reinvestment Act. This supposed stimulus bill committed the American people to a $780 billion debt with one signature. Then came the $900 million Obama pledged to rebuild the Gaza strip after terrorists attacked the sovereign nation, Israel. Congress then passed the omnibus spending bill, to keep the government running for the remainder of the year. (I wont discuss Obama's pledge to eradicate bills with earmarks but then signed this one that contained the most ever; over 9000).
As of today, we now have another government agency; the Public-Private Investment Program, which will not only add nearly another $1 trillion to our debt, but will increase the powers of the President as well. The article, "Treasury's toxic asset plan could cost $1 trillion", indicates that the Secretary of the Treasury, under this new agency, can seize any failing firm large enough to ripple the economy sufficiently with the only permission needed being from the President and the Federal Reserve. Is this not a state allowed private market?
So much for our free market economy!
Anyway, back to finances!
The first time Geithner disclosed information about this plan, the market plummeted. Part of the decline was his inability to confidently address the media, but the rest came from the overwhelming lack of support for the program. Today's market response, thus far, has been overwhelmingly positive. At the time of this article the Dow is up over 350 points. This is good news, in the short run. Now banks are happy that they wont have the bad assets to contend with. But what about the spending for future generations?
Remember Senator Judd Gregg, the New Hampshire Republican that withdrew from consideration for Secretary of Commerce over "irresolvable conflicts on issues such as the stimulus package and the census?" Sunday, on CNN's "State of the Union" Gregg once again made an honorable decision; he claimed that the implications of Obama's ambitious agenda was "bankruptcy for the United States!"
Statements such as these are certainly an eye opener. Senator Gregg, before becoming Senator was a member of the House as well as the Governor of New Hampshire. If being governor of a state didn't give him credibility, certainly his experience as the Chairman on the Senate Budget Committee would provide ample time analyzing cost-benefit data and advising on the findings.
Maybe the current administration ought to heed his words and use caution when spending.
We currently are in the midst of a great decline in GDP. Despite what some Liberals may tell you, Bush was great for our economy. For seven years we had growth (save right after 9/11...see graph.)
As a President who campaigned on the bettering of all his constituents, albeit through redistribution and heavy taxes for the rich, Obama needs to be mindful of his spending habits.
There is currently no end in sight for the contraction in GDP. Nor is there an end in sight for Federal Spending. Consumer prices are also creeping higher. As the dollar declines in value, (the dollar is declining because the Treasury is pumping trillions of newly made dollars into the economy),
prices well seem to rise more. This occurrence is a phenomenon known as stagflation and it occurs when consumer prices rise due to discretionary spending simultaneously during a period of contraction in real GDP.
Stagflation is a dangerous situation and this administration, buy hyper-spending, is edging us closer and closer to it. This is the last thing the poor Obama worked so hard to satisfy with his rhetoric during the campaign needs when money's tight, or ever, for that matter.
I urge President Obama to be mindful of our money. Unlike the U.S. Government we cannot print more. Not that that's what should be done, it just seems to be the answer Obama has chosen for the exit strategy of the current economic crisis. I also urge the administration to remove inflationary pressures. I urge Obama to truthfully open the way for negotiation with his ideological counterparts; some have great ideas for improving the economy, such as Senator DeMint's "The American Option: A Jobs Plan That Works."
As of today, we now have another government agency; the Public-Private Investment Program, which will not only add nearly another $1 trillion to our debt, but will increase the powers of the President as well. The article, "Treasury's toxic asset plan could cost $1 trillion", indicates that the Secretary of the Treasury, under this new agency, can seize any failing firm large enough to ripple the economy sufficiently with the only permission needed being from the President and the Federal Reserve. Is this not a state allowed private market?
So much for our free market economy!
Anyway, back to finances!
The first time Geithner disclosed information about this plan, the market plummeted. Part of the decline was his inability to confidently address the media, but the rest came from the overwhelming lack of support for the program. Today's market response, thus far, has been overwhelmingly positive. At the time of this article the Dow is up over 350 points. This is good news, in the short run. Now banks are happy that they wont have the bad assets to contend with. But what about the spending for future generations?
Remember Senator Judd Gregg, the New Hampshire Republican that withdrew from consideration for Secretary of Commerce over "irresolvable conflicts on issues such as the stimulus package and the census?" Sunday, on CNN's "State of the Union" Gregg once again made an honorable decision; he claimed that the implications of Obama's ambitious agenda was "bankruptcy for the United States!"
Statements such as these are certainly an eye opener. Senator Gregg, before becoming Senator was a member of the House as well as the Governor of New Hampshire. If being governor of a state didn't give him credibility, certainly his experience as the Chairman on the Senate Budget Committee would provide ample time analyzing cost-benefit data and advising on the findings.
Maybe the current administration ought to heed his words and use caution when spending.
We currently are in the midst of a great decline in GDP. Despite what some Liberals may tell you, Bush was great for our economy. For seven years we had growth (save right after 9/11...see graph.)As a President who campaigned on the bettering of all his constituents, albeit through redistribution and heavy taxes for the rich, Obama needs to be mindful of his spending habits.
There is currently no end in sight for the contraction in GDP. Nor is there an end in sight for Federal Spending. Consumer prices are also creeping higher. As the dollar declines in value, (the dollar is declining because the Treasury is pumping trillions of newly made dollars into the economy),
prices well seem to rise more. This occurrence is a phenomenon known as stagflation and it occurs when consumer prices rise due to discretionary spending simultaneously during a period of contraction in real GDP.Stagflation is a dangerous situation and this administration, buy hyper-spending, is edging us closer and closer to it. This is the last thing the poor Obama worked so hard to satisfy with his rhetoric during the campaign needs when money's tight, or ever, for that matter.
I urge President Obama to be mindful of our money. Unlike the U.S. Government we cannot print more. Not that that's what should be done, it just seems to be the answer Obama has chosen for the exit strategy of the current economic crisis. I also urge the administration to remove inflationary pressures. I urge Obama to truthfully open the way for negotiation with his ideological counterparts; some have great ideas for improving the economy, such as Senator DeMint's "The American Option: A Jobs Plan That Works."
More Blunders
I know it's only right that the President have a sense of humor, but to what extent?
My last post discussed the blunders of the new President and some of the groups he's insulting or showing an emotional distance. Well on last night's 60 Minutes the President seemed scarily aloof with what's happening to the economy.
My thought is that this isn't your local comedy club Mr. President: we're not at Second City.
Please show some interest in your job and your constituents. Making fun of the Irish being drunken idiots and the mentally disabled Special Olympians bowling better than you is horrible, now, if that wasn't bad enough, you're minimizing the suffering of millions who've lost their jobs or homes. Many of us were not lucky enough to have signed a half million dollar book deal just days before taking the reigns of a country you seem determined to run into the ground.
Get a grip on your jokes. Learn to speak candidly without a teleprompter. Your predecessor could!
My last post discussed the blunders of the new President and some of the groups he's insulting or showing an emotional distance. Well on last night's 60 Minutes the President seemed scarily aloof with what's happening to the economy.
My thought is that this isn't your local comedy club Mr. President: we're not at Second City.
Please show some interest in your job and your constituents. Making fun of the Irish being drunken idiots and the mentally disabled Special Olympians bowling better than you is horrible, now, if that wasn't bad enough, you're minimizing the suffering of millions who've lost their jobs or homes. Many of us were not lucky enough to have signed a half million dollar book deal just days before taking the reigns of a country you seem determined to run into the ground.
Get a grip on your jokes. Learn to speak candidly without a teleprompter. Your predecessor could!
Friday, March 20, 2009
Obama Blunders
Thursday night on national television, Obama made the statement that his bad bowling was like the Special Olympics. What I want to know is when will Obama quit pretending that he is sympathetic to any groups sufferings? Last night he made fun of people with special needs.
Earlier this week, when he flubbed the introduction of Irish PM Cowen, Obama noted that the Irish better take caution, given the open bar, not to step in front of cameras without a lampshade...referring to the cliche that the Irish are nothing but drunken buffoons.
Earlier this month, the Obama administration enacted legislation that will stifle the economy, raise energy rates and enable irresponsible people to siphon your money to pay their mortgage...all this to the tune of about 2 Trillion dollars.
We're printing more money than we've ever printed. This will force the value of the dollar to all time lows. As a result, the main topic of the G-20 next month will be to remove the dollar as the worldly currency. Let's hope China doesn't call in their treasury notes because we're out of money.
In addition to the value of the dollar plummeting, GDP is shrinking and consumer prices are on the rise...what's this mean? Stagflation! This term no one wants to utter. With all this demand for our products and services will be shipped to foreign markets leaving us with less jobs, more debt, and a worthless currency to pay for it.
What can we do?
To start, we as Americans, need to contact our senators and representatives and tell them our dissatisfaction with the current administration and their new laws. We also need to become more active; join the National Tea Party Day, guaranteed there's one in your area. I'm sure there are more but the last I want to write about is education. The 2010 election is crucial to regain control of this country. Find out if your state has an election, then find out how your senator voted for the Recovery Act.
Earlier this week, when he flubbed the introduction of Irish PM Cowen, Obama noted that the Irish better take caution, given the open bar, not to step in front of cameras without a lampshade...referring to the cliche that the Irish are nothing but drunken buffoons.
Earlier this month, the Obama administration enacted legislation that will stifle the economy, raise energy rates and enable irresponsible people to siphon your money to pay their mortgage...all this to the tune of about 2 Trillion dollars.
We're printing more money than we've ever printed. This will force the value of the dollar to all time lows. As a result, the main topic of the G-20 next month will be to remove the dollar as the worldly currency. Let's hope China doesn't call in their treasury notes because we're out of money.
In addition to the value of the dollar plummeting, GDP is shrinking and consumer prices are on the rise...what's this mean? Stagflation! This term no one wants to utter. With all this demand for our products and services will be shipped to foreign markets leaving us with less jobs, more debt, and a worthless currency to pay for it.
What can we do?
To start, we as Americans, need to contact our senators and representatives and tell them our dissatisfaction with the current administration and their new laws. We also need to become more active; join the National Tea Party Day, guaranteed there's one in your area. I'm sure there are more but the last I want to write about is education. The 2010 election is crucial to regain control of this country. Find out if your state has an election, then find out how your senator voted for the Recovery Act.
Subscribe to:
Posts (Atom)
Posts
