« September 2008 | Main | November 2008 »

October 31, 2008

Just A Light Lunch

Barack Hussein Obama's campaign undoubtedly paid for Ms. Obama's lunch. I am quite sure that, should the Obama's get into the White House, this will only be the beginning of the untold extravagance. It is the 'Iranian' Osetra caviar that I am most curious about. Do we really buy Iranian caviar in the United States, and if we do, why would the Obama's support it?

Just one more flaw in the Obama's judgment.

Posted by Rick | October 31, 2008 12:37 AM | Political Science

October 27, 2008

Redistribution Of Wealth Nothing New To Obama

Here is an interview on Chicago Public Radio with Comrade Barack Hussein Obama discussing the best way to redistribute wealth. The interview is from 2001 when Obama was still an Illinois state legislator.

This just goes to show that Obama has tried to hide his true colors during his campaign for President.

Posted by Rick | October 27, 2008 12:48 PM | Political Science

October 26, 2008

Helping Obama Polish His Image

The blog, Patterico's Pontifications, has pointed out that a post written by 'red rabbit' on January 27, 2005, and since scrubbed from the web site Musings & Migraines, indicates that, if the post is true, Barack Obama was lying in the last debate when he denied the fact that traitor and terrorist Bill Ayers helped him launch his political career in the terrorist's living room.

Get to know Barack Obama When I first met Barack Obama, he was giving a standard, innocuous little talk in the livingroom of those two legends-in-their-own-minds, Bill Ayers and Bernardine Dohrn. They were launching him--introducing him to the Hyde Park community as the best thing since sliced bread. His "bright eyes and easy smile" struck me as contrived and calculated--maybe because I was supporting another candidate. Since then, I've never heard him say anything new or earthshaking, or support anything that would require the courage of his convictions. I only voted for him in this last race--because his opponent was a pinhead. And I've been mostly alone in my views. But maybe that's changing.

Interestingly, no mention is made on the blog of any inaccuracies or falsehoods in the piece, which goes on to criticize Obama for voting to confirm Dr. Condoleezza Rice as Secretary of State. The piece just miraculously disappeared from the blog. Could this be one of the miracles that will ultimately lead to Obama's sainthood?

Posted by Rick | October 26, 2008 02:45 AM | Political Science

October 20, 2008

Colin Powell Endorses Obama

Colin Powell has decided that the best man to lead us out of the economic problems we are in is Barack Hussein Obama, not because he is black (wink, wink) but because he is the anointed one who has all the answers. Powell was also impressed that the ladies of The View liked Obama better.

Obama's answers boil down to just one - class warfare (socialism by any other name). Everyone but the most productive among us will get a tax cut. The poor slobs who dare make over $250,000 will pay a bunch more. It is their patriotic duty.

Former Secretary of State Powell says he is afraid of the conservative judges McCain might appoint to the Supreme Court. I always knew Powell was not a true conservative but merely an opportunist who would suck up to the nearest lamp post if it would further his career.

Powell is also disappointed that McCain had the audacity to pick the most popular governor in America, Sarah Palin, to be his running mate. Powell says she is not experienced enough to be President, forgetting the fact that she is actually more experienced than the Obama character he is endorsing. She has actually had executive experience running a town as mayor, and a state as governor. The proverbial 'buck' has stopped at her desk. The One, Obama, has experience as a community organizer, a state legislator (where he voted 'present' over 100 times) and as a U.S. Senator where he spent most of his time running for President. Those are pretty impressive credentials, if I do say so myself.

Colin Powell could have shown his good judgment by staying mute but has obviously has decided that race trumps qualifications and has thrown in with his 'bro.'

Posted by Rick | October 20, 2008 01:34 AM | Political Science

October 8, 2008

McCain Joins The Socialists

Although it had apparently been spoken of by McCain last spring, McCain decided to bring his hair-brained scheme of housing socialism into prime time tonight. Comrade McCain's plan to further socialize the housing market was spelled out in detail via a press release issued during tonight's debate:


John McCain will direct his Treasury Secretary to implement an American Homeownership Resurgence Plan (McCain Resurgence Plan) to keep families in their homes, avoid foreclosures, save failing neighborhoods, stabilize the housing market and attack the roots of our financial crisis. America’s families are bearing a heavy burden from falling housing prices, mortgage delinquencies, foreclosures, and a weak economy. It is important that those families who have worked hard enough to finance homeownership not have that dream crushed under the weight of the wrong mortgage. The existing debts are too large compared to the value of housing. For those that cannot make payments, mortgages must be restructured to put losses on the books and put homeowners in manageable mortgages. Lenders in these cases must recognize the loss that they’ve already suffered.

The McCain Resurgence Plan would purchase mortgages directly from homeowners and mortgage servicers, and replace them with manageable, fixed-rate mortgages that will keep families in their homes. By purchasing the existing, failing mortgages the McCain resurgence plan will eliminate uncertainty over defaults, support the value of mortgage-backed derivatives and alleviate risks that are freezing financial markets.

The McCain resurgence plan would be available to mortgage holders that:

· Live in the home (primary residence only)

· Can prove their creditworthiness at the time of the original loan (no falsifications and provided a down payment).

The new mortgage would be an FHA-guaranteed fixed-rate mortgage at terms manageable for the homeowner. The direct cost of this plan would be roughly $300 billion because the purchase of mortgages would relieve homeowners of “negative equity” in some homes. Funds provided by Congress in recent financial market stabilization bill can be used for this purpose; indeed by stabilizing mortgages it will likely be possible to avoid some purposes previously assumed needed in that bill.

The plan could be implemented quickly as a result of the authorities provided in the stabilization bill, the recent housing bill, and the U.S. government’s conservatorship of Fannie Mae and Freddie Mac. It may be necessary for Congress to raise the overall borrowing limit.

As an example, let's say your neighbor, who bought a new car every other year and took an annual Hawaiian vacation, bought a $300,000 house with 5% down ($15,000) and financed his closing costs ($12,000). Unfortunately, the market has driven the price of your neighbor's house down 20%. Your neighbor now owes $297,000 on a house that's only worth $240,000. Your neighbor is upside down $57,000 on his house. Hold everything! Here comes Comrade McCain to the rescue! Comrade McCain says your neighbor should be forgiven the $57,000 difference and given a lower interest rate to boot. After all, everyone is 'entitled' to own their home, and this is, of course, for the common good.

You, on the other hand, bought the same $300,000 house with 20% down ($60,000) that you had managed to save by doing without that new car every other year and by postponing your Hawaiian vacation until after you had enough to buy your house. You also paid your closing costs out of pocket to avoid going over the 80% loan-to-value threshold that triggers mortgage insurance. You now owe exactly what the house is worth ($240,000). Comrade McCain says too bad for you chump; shut up and keep paying on your 6% mortgage like a good boy. And by the way, please send us just a little extra in your taxes because we had to bail out your neighbor who needed that new car every other year and his annual Hawaiian vacation. It is, after all, for the common good.

I knew McCain was no conservative, but did not realize what a lefty he truly was. I'm surprised McCain didn't agree with Barack Hussein 'Barry' Obama during the debate when 'Barry' proclaimed health care in America to be a 'right' for everyone.

Unbelievable CRAP (read: Communists raping American people).

Posted by Rick | October 8, 2008 02:05 AM | Political Science

October 3, 2008

O, J. Simpson Still Searching

O. J. Simpson has moved the search for the killer of his ex-wife and Ron Goldman from the golf courses of Florida to the Nevada state penitentiary. It has not been announced how long he will be searchng there.

Posted by Rick | October 3, 2008 11:49 PM | Social Studies

October 2, 2008

The Bailout Bill Is.....

CRAP. (read: Congress Rapes American People).

The Senate in it's ultimate wisdom decided it would take the bail-out bill that the House of Representatives voted down on Monday, loaded it up with a mere $150 billion dollars of pork and passed it by a pretty substantial margin. Now that same pork-laden bill has sent back to the House of Representatives for a vote on Friday morning. I guess they figure pork cures all ills.

The new bill did address a couple of issues that needed addressing.

First, it raised the FDIC guarantee on deposits to $250,000. ($100,000 just isn't what it used to be.)

Second, it changed the mark-to-market accounting that had the banks in a strangle-hold.

Unfortunately, the bill fails to address the underlying issue that got us into this mess in the first place. The banks and other lending institutions gave loans to people who couldn't pay them back. People with rotten credit were given loans. People were qualified at the teaser rate of adjustable rate mortgages who would not be able to pay the mortgage once the rate adjusted to the real rate. People were allowed to buy houses with no money down and some were even allowed to finance the closing costs, which meant they were upside down on the property from the minute they closed.

If this is truly a crisis of the first magnitude, Congress should pass a stand-alone bill (no pork) that addresses the underlying problem before we start throwing around $700 billion dollars to bail out Wall Street. Anything else is nothing more than CRAP.

Posted by Rick | October 2, 2008 11:38 AM | Political Science

eXTReMe Tracker