Archive of ‘American politics’ category

Uh-Oh

Ok, now we know why they have been hiding her from the press all this time.

She doesn't have her own solution to the crisis and doesn't even know the record of her running mate. 

People, if McCain wins, it will be a good idea to keep him frozen and preserved every time he goes to sleep and pray very hard that nothing happens to him through his term. Maybe the McCain people should call the Mubarak people: Those fuckers know how to preserve a really old President.

Get her someone who knows economics, quick. I know that Biden is an idiot, but he ain't ignorant, and that's her problem right now! 

McCain calls for debate cancelletaion

As if this election isn't enough of a TV show drama, McCain throws in a TWIST!

Tactically, it's smart. It breaks the Obama momentum, and takes the leadership initiative on the issue. But let's face it. It's a gimmick. McCain will debate, but he will come back, appearing to work for the country, and will change the format of the debate at the last minute to the economy instead of foreign policy, throwing a wrench in Obama's preparation for the debate. Plus, if they work something out, McCain gets credit, they don;t work something out, McCain will lambast Obama for not coming with him and making it work. It's cynical, dirty and politics at its best.

LOVE IT!

The Palin Rape kit rumor is not true!

There has been a nasty rumor going on that during Palin's tenure as mayor of Wassila, female rape victims were required to pay for their own rape kits. It was supposed to be another example on how Palin was really a man and hated women and wanted them all to stay home barefoot and pregnant.

Imagine my surprise when you find out that this is not true.

In reality, and had any journalist in the MSM outlets bothered to do their job instead of working for the Obama campaign 24/7, there was a state law forbidding charging victims of rape for their rape kits since 2000. As for where it all came from, the chief of Police( chief of police, not Palin) in Wasilla wanted to have the Insurance companies(Insurance companies, not the victims) to pay for them, with the intention of billing it ultimately to the rapists eventually. However, there isn;t a single piece of record that shows that a single victim's insurance was ever billed for it. If this practice still seems creepy or exclusive to macho,
rough-and-tumble Alaska, well, it happens to be the practice in other
states, too, like North Carolina (until recently) and … Illinois.

And can you guess who co-sponsored that bill in Illinois?

Can you say Barack Obama?

Have a nice day! 

Palin on A.J.

She was supposed to talk to the anti A.J. rally, but they canceled her
because Hillary was attending. Here are her remarks regardless:

I am honored to be with you and with leaders from across this great
country — leaders from different faiths and political parties united in
a single voice of outrage.

Tomorrow, Mahmoud Ahmadinejad will come to New York — to the heart
of what he calls the Great Satan — and speak freely in this, a country
whose demise he has called for.

Ahmadinejad may choose his words carefully, but underneath all of
the rhetoric is an agenda that threatens all who seek a safer and freer
world. We gather here today to highlight the Iranian dictator's
intentions and to call for action to thwart him.

He must be stopped.

The world must awake to the threat this man poses to all of us.
Ahmadinejad denies that the Holocaust ever took place. He dreams of
being an agent in a "Final Solution" — the elimination of the Jewish
people. He has called Israel a "stinking corpse" that is "on its way to
annihilation." Such talk cannot be dismissed as the ravings of a madman
— not when Iran just this summer tested long-range Shahab-3 missiles
capable of striking Tel Aviv, not when the Iranian nuclear program is
nearing completion, and not when Iran sponsors terrorists that threaten
and kill innocent people around the world.

The Iranian government wants nuclear weapons. The International
Atomic Energy Agency reports that Iran is running at least 3,800
centrifuges and that its uranium enrichment capacity is rapidly
improving. According to news reports, U.S. intelligence agencies
believe the Iranians may have enough nuclear material to produce a bomb
within a year.

The world has condemned these activities. The United Nations
Security Council has demanded that Iran suspend its illegal nuclear
enrichment activities. It has levied three rounds of sanctions. How has
Ahmadinejad responded? With the declaration that the "Iranian nation
would not retreat one iota" from its nuclear program.

So, what should we do about this growing threat? First, we must succeed in Iraq.
If we fail there, it will jeopardize the democracy the Iraqis have
worked so hard to build, and empower the extremists in neighboring
Iran. Iran has armed and trained terrorists who have killed our
soldiers in Iraq, and it is Iran that would benefit from an American
defeat in Iraq.

If we retreat without leaving a stable Iraq, Iran's nuclear
ambitions will be bolstered. If Iran acquires nuclear weapons — they
could share them tomorrow with the terrorists they finance, arm, and
train today. Iranian nuclear weapons would set off a dangerous regional
nuclear arms race that would make all of us less safe.

But Iran is not only a regional threat; it threatens the entire
world. It is the no. 1 state sponsor of terrorism. It sponsors the
world's most vicious terrorist groups, Hamas and Hezbollah. Together,
Iran and its terrorists are responsible for the deaths of Americans in
Lebanon in the 1980s, in Saudi Arabia in the 1990s, and in Iraq today.
They have murdered Iraqis, Lebanese, Palestinians, and other Muslims
who have resisted Iran's desire to dominate the region. They have
persecuted countless people simply because they are Jewish.

Iran is responsible for attacks not only on Israelis, but on Jews
living as far away as Argentina. Anti-Semitism and Holocaust denial are
part of Iran's official ideology and murder is part of its official
policy. Not even Iranian citizens are safe from their government's
threat to those who want to live, work, and worship in peace.
Politically-motivated abductions, torture, death by stoning, flogging,
and amputations are just some of its state-sanctioned punishments.

It is said that the measure of a country is the treatment of its
most vulnerable citizens. By that standard, the Iranian government is
both oppressive and barbaric. Under Ahmadinejad's rule, Iranian women
are some of the most vulnerable citizens.

If an Iranian woman shows too much hair in public, she risks being beaten or killed.

If she walks down a public street in clothing that violates the state dress code, she could be arrested.

But in the face of this harsh regime, the Iranian women have shown
courage. Despite threats to their lives and their families, Iranian
women have sought better treatment through the "One Million Signatures
Campaign Demanding Changes to Discriminatory Laws." The authorities
have reacted with predictable barbarism. Last year, women's rights
activist Delaram Ali was sentenced to 20 lashes and 10 months in prison
for committing the crime of "propaganda against the system." After
international protests, the judiciary reduced her sentence to "only" 10
lashes and 36 months in prison and then temporarily suspended her
sentence. She still faces the threat of imprisonment.

Earlier this year, Senator Clinton said that "Iran is seeking
nuclear weapons, and the Iranian Revolutionary Guard Corps is in the
forefront of that" effort. Senator Clinton argued that part of our
response must include stronger sanctions, including the designation of
the IRGC as a terrorist organization. John McCain and I could not agree
more.

Senator Clinton understands the nature of this threat and what we
must do to confront it. This is an issue that should unite all
Americans. Iran should not be allowed to acquire nuclear weapons.
Period. And in a single voice, we must be loud enough for the whole
world to hear: Stop Iran!

Only by working together, across national, religious, and political
differences, can we alter this regime's dangerous behavior. Iran has
many vulnerabilities, including a regime weakened by sanctions and a
population eager to embrace opportunities with the West. We must
increase economic pressure to change Iran's behavior.

Tomorrow, Ahmadinejad will come to New York. On our soil, he will
exercise the right of freedom of speech — a right he denies his own
people. He will share his hateful agenda with the world. Our task is to
focus the world on what can be done to stop him.

We must rally the world to press for truly tough sanctions at the
U.N. or with our allies if Iran's allies continue to block action in
the U.N. We must start with restrictions on Iran's refined petroleum
imports.

We must reduce our dependency on foreign oil to weaken Iran's economic influence.

We must target the regime's assets abroad; bank accounts, investments, and trading partners.

President Ahmadinejad should be held accountable for inciting genocide, a crime under international law.

We must sanction Iran's Central Bank and the Revolutionary Guard Corps — which no one should doubt is a terrorist organization.

Together, we can stop Iran's nuclear program.

Senator McCain has made a solemn commitment that I strongly endorse:
Never again will we risk another Holocaust. And this is not a wish, a
request, or a plea to Israel's enemies. This is a promise that the
United States and Israel will honor, against any enemy who cares to
test us. It is John McCain's promise and it is my promise.

Thank you.

The Inevtiable conclusion

You know you will soon be getting these in the mail:

Dear American:

I need to ask you to support an urgent secret business relationship
with a transfer of funds of great magnitude.

I am Ministry of the Treasury of the Republic of America. My country
has had crisis that has caused the need for large transfer of funds of
800 billion dollars US. If you would assist me in this transfer, it
would be most profitable to you.

I am working with Mr. Phil Gram, lobbyist for UBS, who will be my
replacement as Ministry of the Treasury in January. As a Senator, you
may know him as the leader of the American banking deregulation
movement in the 1990s. This transactin is 100% safe.

This is a matter of great urgency. We need a blank check. We need
the funds as quickly as possible. We cannot directly transfer these
funds in the names of our close friends because we are constantly
under surveillance. My family lawyer advised me that I should look for
a reliable and trustworthy person who will act as a next of kin so the
funds can be transferred.

Please reply with all of your bank account, IRA and college fund
account numbers and those of your children and grandchildren to
wallstreetbailout@treasury.gov so that we may transfer your commission
for this transaction. After I receive that information, I will
respond with detailed information about safeguards that will be used
to protect the funds.

Yours Faithfully
Minister of Treasury Paulson

The Bailout is Bullshit!

Ok, seriously now, y'all have to stop this Bailout from ever happening. This is the most ridiculous shit I've ever seen in my life. Let's review this for a second:

1) You have a consumer-based economy that relies totally on consumer's wealth, which means that it relies on home-ownership wealth, because that's where the american people have their wealth concentrated, in their homes.

2) You have a stagnating economy where everyone told you that the only safe bet is investing and flipping houses, and that one can make millions doing just that without much effort really. So many people start buying houses they can;t afford thinking that they will be able to flip them to other people and make a quick buck in the process, and they are aided in that with banks making mortgage taking very easy.

3) You have banks and lending institutions that wanted to raise their revenues, but no serious economic or manufacturing expansion was being sought out by the industry leaders (with industry moving to India and China and all) and thus no business loans, so they start focusing on giving out personal loans and mortgages. Realizing that there are so many real eligible homeowners out there, they start to give out mortgage loans to people they know can't afford it, hoping that most will eventually be able to afford them and that this will somehow diversify the risk and give them some method of hedging against any economic crisis that may occur if the bubble bursts. But just in case they can;t do that, they will lump a couple of those mortgages together, call them "financial instruments" or "derivatives", and then will sell them to Insurance companies, making the cash now, but with the gurantee that they will collect the money for them and cover the loans that fail to keep making payments. They figured, hey, how many of those could exist anyway? And then they took that money and gave it out as more bad loans, because, what's the worse that could happen?

4) The Insurance companies realize that they have a lot of money, and they need to invest it in order to be able to pay the insurance premiums for those customers who died, houses burned, whatever. So they take the cash they collect from their customers and decide that they need to invest it in something profitable, long-term and secure. Where to invest, where to invest? Oh boy, I know, the housing markets. And those Banks are offering to sell us those financial instruments comprised of hundreds of mortgages on a discount, and will promise to cover the loans if the customers failed to pay up. That sounds like a great deal, and a very secure one at that. And no, we won't check to see if those mortgages are good or bad, after all, the banks must've did their homework on this. They just don't dole out money to anybody who asks. Right?

5) And so far we have the making of the housing bubble: People who want to make a quick buck start buying houses they can't afford and sell them to other people for profit, who in turn buy them on mortgages they really can't afford, and take them and try to sell them to other people for profit, who in turn buy them on mortgages they really really really can't afford take them and try to sell them for profit, until that is no longer possible because the price has hit a ceiling and no one is willing to pay that much for that house anymore. So those plucky home investors find themselves facing one of two choices: 1) Either face foreclosure on the house, and thus lose whatever money you made on it, and the bank ends up with a piece of property that no one wants to buy at its current price anyway, and the investors's credit rating gets fucked and possibly affects all his other loans and mortgages, or 2) they sell the house at a loss, take a second mortgage on their own home, which they they really can't afford now, so they start getting behind on their payments, face foreclosure, lose their own house to the bank and become homeless. And when that happens, they will look at you with sad eyes and say "I don't know how this happened. They told me that house prices always go up".

6) And now the banks are freaking out, because they now have lots of overvalued property- thanks to all those bad loans- and little cash, so they start going after those who have been paying their mortgages on time and up their rates, cause, hey, we gotta make our money back one way or another. So those who have been financially responsible start getting fucked, many of them unable to make those payments now either, so they also lose their houses, and the bank ends up with more property no one wants to buy, and thus faces bankruptcy and possible shut down.

7) And now the insurance companies start to freak out because the banks are unable to collect the mortgage payments, and are unable to cover the price of the house and are entering the arena of going concern- i.e. they might just get bankrupt and shut down. So they start going through their books to see how many such bad mortgages they have bought in those financial instruments anyway, and low and behold, it's in the billions. They better start calling other financial institutions for help, quick. Wait, everyone did this? Fuck, I guess it's time to ask the government for help. They have money up the ass anyway.

8) The executive branch of the government realizes that the people paying their campaign contributions are about to go bankrupt, and shut down. So they freak out. They also freak out more when they are told that when this will happen, those companies will bring down the stock market, which will bring down the whole world economy, unemployment will rise and everyone will suffer. So those companies, regardless of their reckless behavior, need to get bailed out immediately. How much of a bailout you say? 700 billion dollars? That sounds about right to me. Send it to congress!

9) The nice people in congress are divided over the Bailout: Should they give it to the companies that were irresponsible in their lending, buying bad mortgages and not really checking them? Or should they bail out the people who knowingly took out mortgages they can't afford in order to make some quick profit and never saw this logical end coming? The question of the day becomes "Which irresponsible group should we help out?" , instead of "Why are we helping those irresponsible people anyway?" or "Ain't 700 billion dollars just a tad too much money to spend on failing irresponsible financial institutions, especially that this is the taxpayer's money we are talking about here?"

10) And finally, there is you, the good ole responsible working American, who didn't try to make a quick buck and who took only mortgages he/she could afford. Suddenly you find that the rates on your mortgage went up for no reason, so your house is in jeopardy, followed by an announcement by your bank that it is going bankrupt, and those savings you've put in there? Ehh, might not be there anymore dude. Oh, and the part of your savings you've put in the stock market or let those financial institutions invest for you in their mutual funds (part of which, naturally is invested in the housing market), well, that's going to shit as well. But don;t worry, the government will take the money you gave them, and give it to all of those people instead of spending it on government programs- such as education or road maintenance, or medicare- like they told you they would. And if they can;t afford to make such a payment, they will issue bonds to other countries which you later on will have to pay anyway. Don't you just feel blessed to live in the greatest country in the world now?

People, wake up. Fuck the financial institutions, let them fail. Fuck those people who gambled with your future, let them be homeless. And fuck the government that wants to bail them with YOUR MONEY, it's your money anyway, and having it used to reward stupidity and recklessness is surefire way to waste it. There is no averting this economic crisis, it's here to stay and it will be a while before it goes away. Deal with it, and move on, because all of this bailout talk is nothing but a short-term solution to a long-term problem. Just do nothing, and let the market correct itself.

Trust me, you will be better off, in the long run, that way!

Links to the economic crisis

Palin defends McCain on the Economic crisis quote, and helps explain what he meant. Now, Hero, I know you ain't the economics guy, but when Barracuda – she who never took a single economic theory class- defends you, maybe it's time you get yourself an adderal prescription and some books. Just saying!

Bush is assuring world leaders that his efforts of instituting corporate socialism is under way, and that the 700 billion dollars he is doling out of tax-payers money to help failing financial institution will be spent regardless, because, like, what's 700 billion dollars in the big scheme of things anyway?

There is a short-selling ban at the moment for a number of companies and it includes GM and GE, in order to stop regular people from abusing the current economic situation to make money, stating that such abuse is usually reserved to his friends only. Come on people, it's a market correction and thus we are all fucked, let's all make money here.

And finally, Obama seems to be gaining in the polls thanks to the economic crisis, which I guess is supposed to make his supporters happy. Good on you Obama, you get the presidency of a debt-laden government and a failed economy. You sure you still want this?

Obama pulls out of North Dakota..

…..after pulling out of Georgia and Alaska, and instead moving them to Minnesota (which he should have easily) and Wisconsin. By doing that he is closing down 11 offices in that state alone. The reason why I am bringing this up is due to that previous post I wrote about Obama running out of money. He is out-raising McCain all right, but he also has a much bigger on the ground operation than he probably needs, and it's costing him lots of money. For a lack of a better term, the overhead is killing him. Add to that fact that people will be less likely to donate now to him due to the current economic crisis, and you find that McCain's decision to just go with Federal funds to be an interestingly smart choice, in hindsight of course!

Oh well, one month to go.

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