The economic road currently traveled by our current administration under President Barack Obama is immoral and is unsustainable, with growing debt and deficits out of control.
Enter Representative Paul Ryan (R:WI). Ryan chats with FOX Business host Stuart Varney. Take a listen:
Ryan, an emerging star in the GOP, has thoroughly charted the course to recovery for our ailing economy. Take a look at his plan, A Roadmap for America's Future.
Paul Ryan is someone who "gets it", and if Uncle Sam does not implement most, if not all, of his roadmap, the future for not only us, but our children and grandchildren, will be at a standard of living well beneath what you and I have experienced.
Thursday, May 13, 2010
Wednesday, May 12, 2010
Doom of Debt Forecast
Now that bailout nation has turned into bailout planet, with President Obama pressuring German Chancellor Merkel to bailout Greece and scolding Spain on high debt levels, everything is fine. A quick check of the DOW and the NASDAQ shows all green. Life is good.
Where is Lee Corso? Not so fast my friend!
I recommend you give close listen to The Black Swan:
Nassim Taleb, author of The Black Swan, is alarmingly correct. All is not well. The markets are up because the US economy is doing better of late and companies are beating drastically lowered levels of earnings forecasts. And hey, throw a trillion dollars at the problems and you had better hope for some positive results.
The ban aid issued Greece will work in the short term, but the problems have not been fixed, and the expansion of debt obligations versus decreasing or stable income will shortly lead us right back where we started. Only, the next time, the list of those impacted in contagion will increase. Other PIIGS will be included, and Germany appears to recognize it. After all, PIIGS don't fly!
Certainly, the United States is not Greece. But, due to the incompetence in our current governance, if we find ourselves with a bankrupt Europe on our back, our financial status will rapidly decline. We are extremely vulnerable, and look no further than Wall Street last Thursday for confirmation.
There was no "fat-finger" or equipment malfunction when the DOW fell 1000 points in trading last week. There is no problem with Proctor & Gamble (PG:NYSE), who incidentally would be a place for investors to hide in such tumultuous markets. A major player(s) got out, and other mid to major players had algorithmic stop loss levels incorrectly positioned, thus triggering a cascading sell off. Once those in the know identified value in the market, buyers rushed in and leveled off the selling pressure at levels prior to the circus of events. But make no mistake, a seller of significant standing, not Aunt Mary and Uncle Bob, shifted investment from the equity markets into a safer position. Did you notice the rise in gold this week?
The socialistic blueprint in Europe is inefficient and is in collapse. It will not survive. For the Untied States, we should immediately take notice, by implementing no new legislation increasing entitlements, inclusive of the Cap and Trade bill. The health care legislation should be repealed and privatized, including student loans which somehow made its way into the bill. Spending must be slashed by 30% minimum, and if we don't take immediate action in this regard, perhaps this article can give you a glimpse of the future.
Unfortunately, the administration seems smitten with Cloward & Piven and appears to be intentionally trying to crash the system by overpowering it with entitlements. As Taleb said, the Obama team is likely not forecasting the future levels of risk properly, which is a problem of alarming magnitude. Clearly, you recognize the US government, and thus the taxpayer, cannot shoulder the immoral increase in debt and thus will collapse under incredibly excessive taxation. Then, no doubt, we will see civil unrest in our streets, and life as you knew it will be over.
Cash is King, at least until a measurement of anticipated outcomes (risk) indicates a very favorable November. It is up to us.
Where is Lee Corso? Not so fast my friend!
I recommend you give close listen to The Black Swan:
Nassim Taleb, author of The Black Swan, is alarmingly correct. All is not well. The markets are up because the US economy is doing better of late and companies are beating drastically lowered levels of earnings forecasts. And hey, throw a trillion dollars at the problems and you had better hope for some positive results.
The ban aid issued Greece will work in the short term, but the problems have not been fixed, and the expansion of debt obligations versus decreasing or stable income will shortly lead us right back where we started. Only, the next time, the list of those impacted in contagion will increase. Other PIIGS will be included, and Germany appears to recognize it. After all, PIIGS don't fly!
Certainly, the United States is not Greece. But, due to the incompetence in our current governance, if we find ourselves with a bankrupt Europe on our back, our financial status will rapidly decline. We are extremely vulnerable, and look no further than Wall Street last Thursday for confirmation.
There was no "fat-finger" or equipment malfunction when the DOW fell 1000 points in trading last week. There is no problem with Proctor & Gamble (PG:NYSE), who incidentally would be a place for investors to hide in such tumultuous markets. A major player(s) got out, and other mid to major players had algorithmic stop loss levels incorrectly positioned, thus triggering a cascading sell off. Once those in the know identified value in the market, buyers rushed in and leveled off the selling pressure at levels prior to the circus of events. But make no mistake, a seller of significant standing, not Aunt Mary and Uncle Bob, shifted investment from the equity markets into a safer position. Did you notice the rise in gold this week?
The socialistic blueprint in Europe is inefficient and is in collapse. It will not survive. For the Untied States, we should immediately take notice, by implementing no new legislation increasing entitlements, inclusive of the Cap and Trade bill. The health care legislation should be repealed and privatized, including student loans which somehow made its way into the bill. Spending must be slashed by 30% minimum, and if we don't take immediate action in this regard, perhaps this article can give you a glimpse of the future.
Unfortunately, the administration seems smitten with Cloward & Piven and appears to be intentionally trying to crash the system by overpowering it with entitlements. As Taleb said, the Obama team is likely not forecasting the future levels of risk properly, which is a problem of alarming magnitude. Clearly, you recognize the US government, and thus the taxpayer, cannot shoulder the immoral increase in debt and thus will collapse under incredibly excessive taxation. Then, no doubt, we will see civil unrest in our streets, and life as you knew it will be over.
Cash is King, at least until a measurement of anticipated outcomes (risk) indicates a very favorable November. It is up to us.
Tuesday, May 11, 2010
Empower the Entrepreneur
Across America, under the tyrannical governance of the Obama administration, small business, home of the entrepreneur, is under assault. The Kauffman Foundation, a foundation formed to attain economic independence by advancing educational achievement and entrepreneurial success by Ewing Kauffman, Marion Laboratories Inc. founder and former owner of Major League Baseball's Kansas City Royals, is combating the assault with a new entrepreneurial pledge.
Through the pledge, the foundation correctly concludes it will be the entrepreneur who leads any future economic recovery and they ask you to pledge to join the movement.
In that spirit, I am reminded of the great story of entrepreneurship of a self made multi-millionaire, Chris Gardner, whose story is depicted in one of my favorite movies, The Pursuit of Happyness. Recently, Chris Gardner sat down with Eric Bolling, Cody Willard and Rebecca Diamond on FOX Business's Happy Hour to discuss entrepreneurship.
Cash is in fact king, and the best path to prosperity is free market capitalism and the empowering of the entrepreneur. The current political path to socialism must be thwarted for our economy to regain expected levels of growth and expansion.
Through the pledge, the foundation correctly concludes it will be the entrepreneur who leads any future economic recovery and they ask you to pledge to join the movement.
In that spirit, I am reminded of the great story of entrepreneurship of a self made multi-millionaire, Chris Gardner, whose story is depicted in one of my favorite movies, The Pursuit of Happyness. Recently, Chris Gardner sat down with Eric Bolling, Cody Willard and Rebecca Diamond on FOX Business's Happy Hour to discuss entrepreneurship.
Cash is in fact king, and the best path to prosperity is free market capitalism and the empowering of the entrepreneur. The current political path to socialism must be thwarted for our economy to regain expected levels of growth and expansion.
Monday, May 10, 2010
A Big Frickin Zeal
The other day on the Glenn Beck Radio Program, Glenn brought to the attention of his audience to a blogger from New Zealand who, like Beck, is hot on the Obama shenanigans. His name is Trevor Loudon. Take a listen:
Certainly, this is a blog you will want to keep in your daily whip around. You can find his work at New Zeal. Loudon's work is substantial, thorough and well bookmarked.
You may also want to bookmark his Keywiki site, which unlocks the covert side to US and global politics. I find it a fantastic reference.
The evidence detailing the path to the total transformation of The United States of America by Obama and his associates is overwhelming, and you can follow the story in Loudon's Obama Files section. Time is short! You must become engaged, educate yourself and spread the word!
Certainly, this is a blog you will want to keep in your daily whip around. You can find his work at New Zeal. Loudon's work is substantial, thorough and well bookmarked.
You may also want to bookmark his Keywiki site, which unlocks the covert side to US and global politics. I find it a fantastic reference.
The evidence detailing the path to the total transformation of The United States of America by Obama and his associates is overwhelming, and you can follow the story in Loudon's Obama Files section. Time is short! You must become engaged, educate yourself and spread the word!
Sunday, May 9, 2010
Carrying That Weight
The FAB FAUX take a crack at, among the best album sides ever recorded, The Beatles Abbey Road side 2. Enjoy:
The Fab Faux - Abbey Road Side 2 (mostly) from The Fab Faux on Vimeo.
These guys are carrying their weight I'll say. I give it a very solid A! I wish I had that level of musical talent.
HT/VERUMSERUM
Saturday, May 8, 2010
Time for Innovative Lane Change
My friends have often accused me of being a master at stating the obvious. Given the horrific economic conditions of the day, advancing innovation through thinking outside the box may be a great way to expand incoming revenues.
Looks like I missed such an opportunity.
Cornell Law Professor Michael Lynn, after an exhaustive study, found that waitresses with larger breast sizes received higher tips. Ya think?
While this may seem self-evident to some, Lynn said that “it’s always important to test what seems like obvious cultural wisdom.” Professor Lynn indicates that while good service is appreciated, it weighs in far behind the physical appearance as far as tips go. “[Restaurants] might very well want to hire waitresses who will earn larger tips,” Lynn said. “[These employees] can largely be identified through their physical characteristics.”
As a former bar owner, I could have reported the findings of this research many moons ago. The list of customers stopping by, not just for our cold beer and great wings, but to visit with one of their favorite waitresses, was long.
Hopefully, Professor Lynn's study was not funded by some government grant, which would obviously be a complete waste of money. But, if the government is stupid enough to hand out money for these type of things, I have got to get my thinking cap engaged and start selling the volumes of seemingly useless and obvious information I have in my head.
Looks like I missed such an opportunity.
Cornell Law Professor Michael Lynn, after an exhaustive study, found that waitresses with larger breast sizes received higher tips. Ya think?While this may seem self-evident to some, Lynn said that “it’s always important to test what seems like obvious cultural wisdom.” Professor Lynn indicates that while good service is appreciated, it weighs in far behind the physical appearance as far as tips go. “[Restaurants] might very well want to hire waitresses who will earn larger tips,” Lynn said. “[These employees] can largely be identified through their physical characteristics.”
As a former bar owner, I could have reported the findings of this research many moons ago. The list of customers stopping by, not just for our cold beer and great wings, but to visit with one of their favorite waitresses, was long.
Hopefully, Professor Lynn's study was not funded by some government grant, which would obviously be a complete waste of money. But, if the government is stupid enough to hand out money for these type of things, I have got to get my thinking cap engaged and start selling the volumes of seemingly useless and obvious information I have in my head.
Thursday, May 6, 2010
Economic Teachable Moment
Today, we saw the DOW downdraft almost 1000 points before settling in with a 350 point loss. There are news reports of a trading error by CitiGroup (partially Govt owned). At any rate, growing concerns over the debt with the PIIGS, the immorally increasing debt of Uncle Sam, an onslaught of entitlement programs and increasing excessive regulatory mechanisms and taxation has left our financial markets very trigger happy, and rightfully so.
Unfortunately, the problems in our economic climate will be increasing due to the numerous missteps by the Obama administration. Reaction to the staggering debt and the unsustainable increase of liabilities you see playing out in Greece this week is a preview of things to come here on Main Street if we don't abruptly change course.
Critical in that new course would be for the Obama administration to about face and embrace the entrepreneur. The strength of our economy is the growth of existing and the emergence of new small businesses, who do the greater majority hiring. As a small business owner, I can tell you regulation has become a significant barrier, and will get worse if the financial reform package, spearheaded by the corrupt Senator Chris Dodd (D:CT), who we have blasted in the past, becomes law. The Obama pledge of not raising taxes on families making less than 250K annually has already been broken, and the extra taxation extracts capital, the mothers milk of business expansion and credit, from the system.
Either the Obama administration is stupidly ill informed on the subject or is attempting to crash the system. Perhaps they could learn a thing or two about the role of the entrepreneur in the success of a growing economy by listening to a recent interview of Carl Schramm of the Kauffman Foundation by Erin Burnett of CNBC.
The solutions to the economic problems for Uncle Sam are strikingly simple for the Obama administration and our congressional leaders, or anyone, to grasp if the motivation is there. It starts with the embracing of the entrepreneur to create new small business opportunities.
Many of these emerging companies will fail, and lessons will be learned. This is the route to take. Turning bailout nation into bailout planet is traveling down a road that will lead to the events you see in Greece. When it happens, you know who to blame.
Unfortunately, the problems in our economic climate will be increasing due to the numerous missteps by the Obama administration. Reaction to the staggering debt and the unsustainable increase of liabilities you see playing out in Greece this week is a preview of things to come here on Main Street if we don't abruptly change course.
Critical in that new course would be for the Obama administration to about face and embrace the entrepreneur. The strength of our economy is the growth of existing and the emergence of new small businesses, who do the greater majority hiring. As a small business owner, I can tell you regulation has become a significant barrier, and will get worse if the financial reform package, spearheaded by the corrupt Senator Chris Dodd (D:CT), who we have blasted in the past, becomes law. The Obama pledge of not raising taxes on families making less than 250K annually has already been broken, and the extra taxation extracts capital, the mothers milk of business expansion and credit, from the system.
Either the Obama administration is stupidly ill informed on the subject or is attempting to crash the system. Perhaps they could learn a thing or two about the role of the entrepreneur in the success of a growing economy by listening to a recent interview of Carl Schramm of the Kauffman Foundation by Erin Burnett of CNBC.
The solutions to the economic problems for Uncle Sam are strikingly simple for the Obama administration and our congressional leaders, or anyone, to grasp if the motivation is there. It starts with the embracing of the entrepreneur to create new small business opportunities.
Many of these emerging companies will fail, and lessons will be learned. This is the route to take. Turning bailout nation into bailout planet is traveling down a road that will lead to the events you see in Greece. When it happens, you know who to blame.
Tuesday, May 4, 2010
Casting the Blame
While there is nowhere close to the media howl in the aftermath of Hurricane Katrina, there are rumblings that the Obama administration has been a failure in addressing the most unfortunate oil rig explosion and resulting spill of oil into the Gulf of Mexico.
Among those asking questions, and rightfully so, are The New York Times, Rush Limbaugh, and even left wing moonbat Bill Maher. On FOX News, the lovely Megyn Kelly discusses the issue with Juan Williams and Brad Blakeman. Take a listen:
To recap, President Bush was excoriated for his administrations response to Hurricane Katrina, unfairly as I saw it. The National Weather Service had it nailed, and the Emergency Alert System kicked in. New Orleans residents were told to evacuate, even by Bush himself in a pre-landing announcement. Most who stayed weathered the hurricane itself, but the devastation that came after the levee broke was severe. When the levee breaks, you got no where to go. Bush and the FEDS were held back by state and local governments (recall NO Mayor Ray Nagin), who were totally inept.
When the oil rig platform explosion happened, it seemed the situation would be handled. However, as shown in this National Oceanic and Atmospheric Administration video, officials were worried about extensive oil leakage as reported by theblogprof.com. It has been reported that the congress was by law supposed to have fire booms and failed to do so, in yet another example of governmental ineptitude. If true about the fire booms, someone in government is criminally negligent.
Obviously, in retrospect, both the Bush administration and the Obama administration would handled some things differently. In my view, the big difference is the arrogance of Obama, who was among the many mouthing off at the actions of Bush but feeding us the load of crap over the weekend that his administration was on this "day 1", which if it were not so serious, would be laughable. And, I cannot help but think this may be another emergency the Obama administration wants to take advantage of, what with cap and trade on the horizon.
A big difference is the media coverage, as there are very few questioning Obama on this. From Sheppard Smith to Kayne West, Bush was getting an absolute earful. Obama?
Meanwhile, Obama's Katrina is taking place and he out is telling jokes, attacking Wall Street, calling out Rush Limbaugh and Glenn Beck at U Michigan and firing distasteful jokes about the Jonas Brothers while yucking it up at the National Correspondents dinner. But don't worry, it is British Petroleum's job to clean it up and Obama has his foot on the neck of BP (BP:NYSE).
Wow! Even though we have an environmental disaster and substantial forthcoming economic damage, I feel much better.
Advantage Bush. Again!
HT Gateway Pundit, Doug Ross and The Blog Prof.
Among those asking questions, and rightfully so, are The New York Times, Rush Limbaugh, and even left wing moonbat Bill Maher. On FOX News, the lovely Megyn Kelly discusses the issue with Juan Williams and Brad Blakeman. Take a listen:
To recap, President Bush was excoriated for his administrations response to Hurricane Katrina, unfairly as I saw it. The National Weather Service had it nailed, and the Emergency Alert System kicked in. New Orleans residents were told to evacuate, even by Bush himself in a pre-landing announcement. Most who stayed weathered the hurricane itself, but the devastation that came after the levee broke was severe. When the levee breaks, you got no where to go. Bush and the FEDS were held back by state and local governments (recall NO Mayor Ray Nagin), who were totally inept.
When the oil rig platform explosion happened, it seemed the situation would be handled. However, as shown in this National Oceanic and Atmospheric Administration video, officials were worried about extensive oil leakage as reported by theblogprof.com. It has been reported that the congress was by law supposed to have fire booms and failed to do so, in yet another example of governmental ineptitude. If true about the fire booms, someone in government is criminally negligent.
Obviously, in retrospect, both the Bush administration and the Obama administration would handled some things differently. In my view, the big difference is the arrogance of Obama, who was among the many mouthing off at the actions of Bush but feeding us the load of crap over the weekend that his administration was on this "day 1", which if it were not so serious, would be laughable. And, I cannot help but think this may be another emergency the Obama administration wants to take advantage of, what with cap and trade on the horizon.
A big difference is the media coverage, as there are very few questioning Obama on this. From Sheppard Smith to Kayne West, Bush was getting an absolute earful. Obama?
Meanwhile, Obama's Katrina is taking place and he out is telling jokes, attacking Wall Street, calling out Rush Limbaugh and Glenn Beck at U Michigan and firing distasteful jokes about the Jonas Brothers while yucking it up at the National Correspondents dinner. But don't worry, it is British Petroleum's job to clean it up and Obama has his foot on the neck of BP (BP:NYSE).
Wow! Even though we have an environmental disaster and substantial forthcoming economic damage, I feel much better.
Advantage Bush. Again!
HT Gateway Pundit, Doug Ross and The Blog Prof.
Webkinz on the Warpath
At the request of my daughter, I have joined those in ownership of a Webkinz.My Webkinz is a Lil'kinz black bear, who is named after one of my heroes, Ronald Reagan. Reagan turns 1 year old today.
He will celebrate the afternoon with some other free market capitalist Webkinz gathering at 5PM EST to eat cake and watch Glenn Beck!
Thursday, April 29, 2010
In Praise of Glenn Beck
Time Magazine, who has really lost all credibility as far a news magazine, annually compiles the Top 100 and has released the The 2010 Time 100.
For each person selected, someone else is asked to write a passage about that person.
This year, Glenn Beck has been selected as one of the The 2010 Time 100.
Sarah Palin wrote the passage about Glenn, and knocked it out of the park!
Who'd have thought a history buff with a quirky sense of humor and a chalkboard could make for such riveting television? Glenn's like the high school government teacher so many wish they'd had, charting and connecting ideas with chalk-dusted fingers — kicking it old school — instead of becoming just another talking-heads show host. Self-taught, he's become America's professor of common sense, sharing earnestly sought knowledge with an audience hungry for truth. Glenn, 46, tackles topics other news shows would regard as arcane. Consider his desire to teach Americans about the history of the progressive movement: he's doing to progressive what Ronald Reagan did to liberal — explaining that it's a damaged brand.
His love of the Founding Fathers inspires others to learn and respect our nation's history. Best of all, Glenn delights in driving the self-proclaimed powers-that-be crazy. (The whole country awaits the red phone ringing!) Even his critics (whom he annihilates in ratings) have to admire his amazing ability to galvanize everyday Americans to better themselves and peacefully engage their government. Though he sometimes dismisses himself as an aw-shucks guy or just a "rodeo clown," he's really an inspiring patriot who was once at the bottom but now makes a much needed difference from the very, very top.
I am an admirer of both Beck and Palin, and recognize the sacrifices Beck has made over the last several years in bringing the truth to America. I was a radio listener and appreciated the talents of Beck before the politics got heated up, but like Palin says, I now find him an inspiring patriot and a great American.
Thank you to Sarah Palin (see Ted Nugent's summary on Palin) for putting forth such an excellent summary, and as I was Tweeted earlier today, if America should come out of this hijacking (or transformation), Glenn Beck will be owed a great debt of gratitude.
Indeed! Stay safe Glenn and keep up the good work. Like many Patriots out there, I am with you brother!
For each person selected, someone else is asked to write a passage about that person.
This year, Glenn Beck has been selected as one of the The 2010 Time 100.Sarah Palin wrote the passage about Glenn, and knocked it out of the park!
Who'd have thought a history buff with a quirky sense of humor and a chalkboard could make for such riveting television? Glenn's like the high school government teacher so many wish they'd had, charting and connecting ideas with chalk-dusted fingers — kicking it old school — instead of becoming just another talking-heads show host. Self-taught, he's become America's professor of common sense, sharing earnestly sought knowledge with an audience hungry for truth. Glenn, 46, tackles topics other news shows would regard as arcane. Consider his desire to teach Americans about the history of the progressive movement: he's doing to progressive what Ronald Reagan did to liberal — explaining that it's a damaged brand.
His love of the Founding Fathers inspires others to learn and respect our nation's history. Best of all, Glenn delights in driving the self-proclaimed powers-that-be crazy. (The whole country awaits the red phone ringing!) Even his critics (whom he annihilates in ratings) have to admire his amazing ability to galvanize everyday Americans to better themselves and peacefully engage their government. Though he sometimes dismisses himself as an aw-shucks guy or just a "rodeo clown," he's really an inspiring patriot who was once at the bottom but now makes a much needed difference from the very, very top.
I am an admirer of both Beck and Palin, and recognize the sacrifices Beck has made over the last several years in bringing the truth to America. I was a radio listener and appreciated the talents of Beck before the politics got heated up, but like Palin says, I now find him an inspiring patriot and a great American.Thank you to Sarah Palin (see Ted Nugent's summary on Palin) for putting forth such an excellent summary, and as I was Tweeted earlier today, if America should come out of this hijacking (or transformation), Glenn Beck will be owed a great debt of gratitude.
Indeed! Stay safe Glenn and keep up the good work. Like many Patriots out there, I am with you brother!
Wednesday, April 28, 2010
Palin Pounds Obama Policy
Everyday I wake up and the Obama administration is finding a new way to torpedo small business owners with taxation and regulation, and I have had quite enough of it.
I am glad someone with a bigger paltform shares my displeasure; Sarah Palin.
I am glad someone with a bigger paltform shares my displeasure; Sarah Palin.
Fundamental Transformation: Evil Looms
Treasury Secretary Timothy Geithner's response to the question of addressing Fannie and Freddie by Joe Scarborough on Morning Joe caught my ear. Roll the tape:
Exactly how is the Obama administration going take a look at the entire housing market? How will they change the system completely? What regulatory steps will be taken to make the market more affordable and stable?
Clearly, Geithner is speaking of governmental intervention instead of allowing free markets to dictate, which is the action that should be taken. In case your are new to the issue of the housing crisis, government intervention is the central culprit in the problem.
I wondered if the government was going to take aim at limiting risk. Risk is an essential, and measurable, component in markets. Risk measures the variation in anticipated outcomes. Most home buyers in the last decade had never seen housing prices extend past a standard level of deviation, much less seen home values crash. Therefore, they anticipated that the risk of such an event were close to zero, even though as prices extended above measurable moving averages, risk increased.
Through Fannie and Freddie, the government controls almost 70% of residential home mortgages. The biggest player, and in most cases, the only player in town, these GSE's can dictate terms for lending, and through this mechanism, control risk.
Enter Glenn Beck, who in all seriousness these days is Inspector Clouseau and Woodward and Bernstein wrapped into one, and the evil plans of our government are exposed. Beck outlined a series of coincidences, that are actually not coincidences, that are extremely alarming. Please listen carefully to the following segment of The Glenn Beck Program from this past Tuesday:
The Examiner has more on this startling report at Examiner.com.
The administration has stated they never want to see a crisis go to waste. As I see it, the housing crisis, created in large measure by the government, appears to be a vehicle through which the government will implement cap and trade policies through regulatory actions on residential housing through the mortgage holder Fannie & Freddie. Remember the article recently in The American Thinker? Politico has more and this has been looming for some time.
The regulatory actions placed on residential housing will likely be a carbon tax based on the energy efficiency score placed on your residence. Interest rates, through the GSE's, if you can get them, will likely be based on your score as well. Keep in mind regulations that already exist for mortgaged properties, such as certain levels of property insurance. The slope is getting real slippery.
Forget that global warming is a hoax whose real purpose is provide a vehicle for the global transformation of wealth. Under this false premise, regulatory action on residential housing, enforced by the EPA, will tax residential property owners to fund this transformation.
While if voted in with corrupt measures like the Health Care bill was, it likely won't be illegal, but the actions of former Fannie Mae CEO and Obama transition team consultant Franklin Raines may well be. At any rate, this nonsense has simply got to stop, as our country is being run into the ground on purpose by Progressive global warming moonbats.
Obama proclaimed he is going to transform the Untied States of America. Into what, I am not sure, but into something our founding fathers would strongly resist. Wake your neighbors up before it is too late!
Exactly how is the Obama administration going take a look at the entire housing market? How will they change the system completely? What regulatory steps will be taken to make the market more affordable and stable?
Clearly, Geithner is speaking of governmental intervention instead of allowing free markets to dictate, which is the action that should be taken. In case your are new to the issue of the housing crisis, government intervention is the central culprit in the problem.
I wondered if the government was going to take aim at limiting risk. Risk is an essential, and measurable, component in markets. Risk measures the variation in anticipated outcomes. Most home buyers in the last decade had never seen housing prices extend past a standard level of deviation, much less seen home values crash. Therefore, they anticipated that the risk of such an event were close to zero, even though as prices extended above measurable moving averages, risk increased.
Through Fannie and Freddie, the government controls almost 70% of residential home mortgages. The biggest player, and in most cases, the only player in town, these GSE's can dictate terms for lending, and through this mechanism, control risk.
Enter Glenn Beck, who in all seriousness these days is Inspector Clouseau and Woodward and Bernstein wrapped into one, and the evil plans of our government are exposed. Beck outlined a series of coincidences, that are actually not coincidences, that are extremely alarming. Please listen carefully to the following segment of The Glenn Beck Program from this past Tuesday:
The Examiner has more on this startling report at Examiner.com.
The administration has stated they never want to see a crisis go to waste. As I see it, the housing crisis, created in large measure by the government, appears to be a vehicle through which the government will implement cap and trade policies through regulatory actions on residential housing through the mortgage holder Fannie & Freddie. Remember the article recently in The American Thinker? Politico has more and this has been looming for some time.
The regulatory actions placed on residential housing will likely be a carbon tax based on the energy efficiency score placed on your residence. Interest rates, through the GSE's, if you can get them, will likely be based on your score as well. Keep in mind regulations that already exist for mortgaged properties, such as certain levels of property insurance. The slope is getting real slippery.
Forget that global warming is a hoax whose real purpose is provide a vehicle for the global transformation of wealth. Under this false premise, regulatory action on residential housing, enforced by the EPA, will tax residential property owners to fund this transformation.
While if voted in with corrupt measures like the Health Care bill was, it likely won't be illegal, but the actions of former Fannie Mae CEO and Obama transition team consultant Franklin Raines may well be. At any rate, this nonsense has simply got to stop, as our country is being run into the ground on purpose by Progressive global warming moonbats.
Obama proclaimed he is going to transform the Untied States of America. Into what, I am not sure, but into something our founding fathers would strongly resist. Wake your neighbors up before it is too late!
Tuesday, April 27, 2010
Supply Side Fuels Economic Growth
The transformation of The United States of America is in full scale operation, from passing legislation our elected officials have limited knowledge of the contents of to shifting language that skirts the truth and evades transparency while implementing legislation our founding fathers would fight against. It is appalling.
Remember no family will making over $250k annually will see their taxes go up? Lie or deception? Obama claims the worst of the economic downturn is behind us due to his administrations activities. Don't bet on it.
Taxes are going up substantially, which curbs economic growth. With that being said, two economic titans recently visited with CNBC's Larry Kudlow to discuss tax rates and their impact on our economy going forward.
The economic activity of the Obama administration is going to prolong the economic crisis we are in (not behind us) and the aftermath will be painful if things are not overturned in November.
Credit markets are not in good shape, and yesterday we saw a big spike in the VIX, a measure of volatility. Pigs don't fly, and the financial stability in Portugal, Italy, Ireland, Greece and Spain remains in critical condition. Canary if the coal mine for the US six months from now? How far will the dominoes fall? Will California follow suit?
In the end, while the stock market is up after companies have beaten dramatically reduced earnings estimates and reduced inventories have been restocked, I remain convinced another downturn is coming. With our irresponsibly expanding and unsustainable debt, we a high fastball to face from real trouble, but then again, that may be the emergency the administration is looking for to further transform our once great economic system and country.
As always in this Obama era, watch the other hand.
Remember no family will making over $250k annually will see their taxes go up? Lie or deception? Obama claims the worst of the economic downturn is behind us due to his administrations activities. Don't bet on it.
Taxes are going up substantially, which curbs economic growth. With that being said, two economic titans recently visited with CNBC's Larry Kudlow to discuss tax rates and their impact on our economy going forward.
The economic activity of the Obama administration is going to prolong the economic crisis we are in (not behind us) and the aftermath will be painful if things are not overturned in November.
Credit markets are not in good shape, and yesterday we saw a big spike in the VIX, a measure of volatility. Pigs don't fly, and the financial stability in Portugal, Italy, Ireland, Greece and Spain remains in critical condition. Canary if the coal mine for the US six months from now? How far will the dominoes fall? Will California follow suit?
In the end, while the stock market is up after companies have beaten dramatically reduced earnings estimates and reduced inventories have been restocked, I remain convinced another downturn is coming. With our irresponsibly expanding and unsustainable debt, we a high fastball to face from real trouble, but then again, that may be the emergency the administration is looking for to further transform our once great economic system and country.
As always in this Obama era, watch the other hand.
Wednesday, April 21, 2010
You Ain't Seen Nothing Yet
Enemies from within are in full scale organized assault on free market capitalists and limiting the ability of each of us to engage in life, liberty and the pursuit of happiness, the blueprint our Founding Fathers laid out for us.
HT/Patriots For America
Take a few moments to think about what has been taking place. Corruption is rampant, transparency is non existent, regulation is expanding and our leaders are not even reading, or writing, legislation. It is easy to see how out of control this is. Why is every sizable legislation now a rush or emergency? The administration wants to act quickly before you recognize what is taking place and rise up in opposition. Well, they ain't seen nothing yet!
Unfortunately, the time is immediately upon us to become participatory in the fight against tyranny that is right in front of us through the use of non-violent and legal activities.
It is a time for choosing! Let freedom ring!
HT/Patriots For America
Take a few moments to think about what has been taking place. Corruption is rampant, transparency is non existent, regulation is expanding and our leaders are not even reading, or writing, legislation. It is easy to see how out of control this is. Why is every sizable legislation now a rush or emergency? The administration wants to act quickly before you recognize what is taking place and rise up in opposition. Well, they ain't seen nothing yet!
Unfortunately, the time is immediately upon us to become participatory in the fight against tyranny that is right in front of us through the use of non-violent and legal activities.
It is a time for choosing! Let freedom ring!
Tuesday, April 20, 2010
Big Day Looming For Big Suh
Former Nebraska All America defensive tackle Ndamuknong Suh, who won every college football award he was eligible for except The Heisman Trophy, stops by the FOX Business studios to visit Varney & Co. Host Stuart Varney, Charles Payne and Tracey Byrnes discuss the financial pitfalls many athletes face and a new contract for Suh with Subway Restaurants.
At the Nebaraska spring game last Saturday, Ndamukong Suh announced a donation of 2.6 million dollars to the University of Nebraska.
All Cornhuskers across the country are very proud of Ndamuknong Suh and his accomplishments and wish him the very best. While the St. Louis Rams may need a quarterback with the first pick in this weekends NFL draft, the best player in college football last fall was you know who; Ndamukong Suh.
Go Big Red!
At the Nebaraska spring game last Saturday, Ndamukong Suh announced a donation of 2.6 million dollars to the University of Nebraska.
All Cornhuskers across the country are very proud of Ndamuknong Suh and his accomplishments and wish him the very best. While the St. Louis Rams may need a quarterback with the first pick in this weekends NFL draft, the best player in college football last fall was you know who; Ndamukong Suh.
Go Big Red!
Monday, April 19, 2010
Left Aims to Incite Violence
Geraldo Rivera joined most of the other media outlets in an attempt to smear the tea party patriots across this great land on his program Geraldo at Large on Saturday night, and in a follow up interview, Tea Party Express Chairman Mark Williams let him have it. Take a listen:
Rivera acted like he had no idea what Williams was speaking of. Geraldo is therefore either an idiot or is lying about the piece he presented. Did you guess both?
The story in question, which I heard live in its entirety, was for sure a hit piece. Geraldo's brother Craig held an interview with the some chap from the Southern Poverty Law Center in an effort to conflate (ADD MOMENT: don't you just love the new popularity of this word) radical militia groups with the tea partiers and label the tea party participants as angry white racists. Why? For the Obama administration, and progressives in Congress, the tea party is an unexpected problem, and a huge one at that. Therefore, even though they represent middle America and have exhibited zero violence in the thousands of rallies they have held over the past year, they must be discredited.
Certainly, the usual suspects are marching in lock step in the effort to plant the negative narrative about the tea party patriots. Did you hear former President Bill Clinton, as we honor victims on the weekend of the fifteenth anniversary of the Oklahoma city bombing, sound off? How about the deplorable efforts by NBC News. FOX & Friends filed a decent report:
H/T HotAirPundit
NBC News Chris Matthews provided an outlet for Kathleen Parker, a fellow FSU graduate who should really be ashamed of herself, and Time Magazine's Joe Klein to weigh in. Not be left out, CBS News got a late start.
Geraldo came back with further insults to the tea party on his Sunday evening show, interupting a report by the lovely Kimberly Guilfoyle.
video via Gateway Pundit
Understand what is taking place. The Tea Party movement has those in power petrified and fierce and overwhelming steps must be taken to discredit the movement, including putting forth a narrative that paints the movement as radical, even if it is only the good, hard working taxpayers of America. This is despicable behavior by our leaders and the mainstream media, as it appears from their actions they are trying to incite violence.
Martin Luther King, JR would be appalled! So is middle America, and so am I!
Rivera acted like he had no idea what Williams was speaking of. Geraldo is therefore either an idiot or is lying about the piece he presented. Did you guess both?
The story in question, which I heard live in its entirety, was for sure a hit piece. Geraldo's brother Craig held an interview with the some chap from the Southern Poverty Law Center in an effort to conflate (ADD MOMENT: don't you just love the new popularity of this word) radical militia groups with the tea partiers and label the tea party participants as angry white racists. Why? For the Obama administration, and progressives in Congress, the tea party is an unexpected problem, and a huge one at that. Therefore, even though they represent middle America and have exhibited zero violence in the thousands of rallies they have held over the past year, they must be discredited.
Certainly, the usual suspects are marching in lock step in the effort to plant the negative narrative about the tea party patriots. Did you hear former President Bill Clinton, as we honor victims on the weekend of the fifteenth anniversary of the Oklahoma city bombing, sound off? How about the deplorable efforts by NBC News. FOX & Friends filed a decent report:
H/T HotAirPundit
NBC News Chris Matthews provided an outlet for Kathleen Parker, a fellow FSU graduate who should really be ashamed of herself, and Time Magazine's Joe Klein to weigh in. Not be left out, CBS News got a late start.
Geraldo came back with further insults to the tea party on his Sunday evening show, interupting a report by the lovely Kimberly Guilfoyle.
video via Gateway Pundit
Understand what is taking place. The Tea Party movement has those in power petrified and fierce and overwhelming steps must be taken to discredit the movement, including putting forth a narrative that paints the movement as radical, even if it is only the good, hard working taxpayers of America. This is despicable behavior by our leaders and the mainstream media, as it appears from their actions they are trying to incite violence.
Martin Luther King, JR would be appalled! So is middle America, and so am I!
Sunday, April 18, 2010
USA Should Continue to Carry Big Stick
Get a load of this inexplicable commentary from our President, Barack Obama:
"Whether we like it or not, we remain a dominant military superpower." You damn right we are and , not withstanding your efforts, remain a superpower, and we quite like it! And all those tyrants around the world you bow to had better not forget it.
Sarah Palin made commentary on the subject on her Facebook page, and I am still wondering when she may be incorrect in analysis of this administration.
As is often the case these days, I am reminded of the words of Ronald Reagan. "Of the four wars in my lifetime, none came about because the U.S. was too strong"-- Ronald Reagan
It would certainly seem that President Obama, on his march to socialism and the global collective, does not support America's position as a leader, either economically or militarily. Through his transformative efforts, he seems partial to the redistribution of not only the personal wealth of Americans, but the wealth of America to other nations he deems were at a competitive disadvantage due to the American capitalistic system. He is grossly in error, and seemingly is lost on American exceptionalism.
The progressive steps that Obama is taking place our country in great peril, with respect to both national security and the economic playing field. In both instances, these are most dangerous times, and unfortunately, it appears Obama is on the wrong side of another Reagan thought: We win you lose!
"Whether we like it or not, we remain a dominant military superpower." You damn right we are and , not withstanding your efforts, remain a superpower, and we quite like it! And all those tyrants around the world you bow to had better not forget it.
Sarah Palin made commentary on the subject on her Facebook page, and I am still wondering when she may be incorrect in analysis of this administration.
As is often the case these days, I am reminded of the words of Ronald Reagan. "Of the four wars in my lifetime, none came about because the U.S. was too strong"-- Ronald Reagan
It would certainly seem that President Obama, on his march to socialism and the global collective, does not support America's position as a leader, either economically or militarily. Through his transformative efforts, he seems partial to the redistribution of not only the personal wealth of Americans, but the wealth of America to other nations he deems were at a competitive disadvantage due to the American capitalistic system. He is grossly in error, and seemingly is lost on American exceptionalism.
The progressive steps that Obama is taking place our country in great peril, with respect to both national security and the economic playing field. In both instances, these are most dangerous times, and unfortunately, it appears Obama is on the wrong side of another Reagan thought: We win you lose!
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