“Sing for Change Obama!”

“Can? Yes we can! Can? Yes we can! Can? Yes we can! Can? Yes we can!”

Nothing like starting the indoctrination early. This is just so disturbing on so many levels. It’s one thing to talk politics in front of your children, it’s quite another having your children sing psalms about a politician! Check out the faces of the parents and the glassy eyed kids.

Let me start by saying I am not an economist, a financial advisor or a Wall Street trader. I’m a middle class working mom. I do have many years of experience in the insurance industry, so I know something about risk and managing risk. I also believe I possess a bit of common sense and (most of the time) good judgment.

This evening I heard two or three different talking heads on TV saying that a trillion dollars vanished today. Wow! What a neat trick! A trillion dollars can just vanish? How does that happen? Did Houdini come back to life?

The only thing to explain it in my mind is the trillion dollars was never there in the first place. Our dollar isn’t backed by anything. When you think about it, what is a dollar anymore?

We all have mortgages on our homes. Many mortgages are worth far more than the homes that secure those mortgages. Our homes are worth no more than someone else is willing to pay for them.

The stock market is no different. The value of a stock is the amount you receive from the sale of that stock. If there is nobody wanting to buy the stock, the stock is worthless. All of us who have saved in 401k’s and IRA’s are gambling that when we retire someone out there will purchase our stocks for more than we paid for them. In a totally free market this might not be such a bad risk, but we’ll never know because we’ve never had a totally free market.

Social Security isn’t a better bet for my generation or my children’s. With the way our government is spending money, how on earth will the goverment be able to live up to its obligations? Thanks to modern medical advances we are living longer, but spending more to stay alive.

To me, we have an artificial economy. When a trillion dollars can ”disappear” in a day, something is very wrong. How is it a good thing for our government to magically produce a trillion dollars and inject it into the economy? Won’t they simply reinflate that bubble that someday has no choice but to burst?

I certainly don’t believe all hope is lost. Rather than investing in bad mortgages, we need Congress to get out of the way and let us invest in our own natural resources. While the media and left bash Sarah Palin they totally disregard her knowledge of the energy industry. When she talks about energy being key to our economic strength and national security she’s sneered at. But she’s right! No wonder they despise her.

Energy is probably the last commodity that we KNOW is valuable. We should start basing our economy on that, and keep those dollars here at home. Enough with the false economy.

There’s quite a bit of information out there and I’m working on pulling it all together into one coherent piece, so please stay tuned.

Floor speech transcript, Sept. 29th: 

The speaker pro tempore: the gentleman from Michigan is recognized for three minutes.

Mr. (Thaddeus) Mccotter: Thank you. I rise today not to change anyone’s mind but to express to my constituents my reasons for opposing this bill. There will always be time and pretext enough for people to compromise their principles and put forward poor public policy that may in the short run be popular but in the long run will be detrimental to the long-term interests of the American people. We learn this through history. In the 1832 Bank Panic, Andrew Jackson had the question of whether he would remove the Bank of the United States’ charter. The people in the bank did not like that. They threatened the prosperity of the American people and in the middle of the panic Andrew Jackson looked at these bankers and said: “There are no necessary evils in government. The treasury to you, gentlemen, is closed.” This was an act of courage on the part of President Jackson because he understood what was at stake was not merely an ephemeral prosperity or a panic caused by the very people with their hand out. Andrew jackson understood this was about majoritarian rule. It was about the faith in the people’s representative institutions and those who inhabit the seats in which they are entrusted. Today we are in a global financial bank panic. It is the first of our global economy. We are seeing a leveraged bailout of the United States treasury. And in the end these interests that want your money are threatening your prosperity. And the choice you face is this. You will lose potentially, for prosperity for a short period of time, at the expense of your long-term liberty. Once the federal government has got you to take that risk and pass it onto you as a quote-unquote moral hazard, they will be in the marketplace and as the free market is diminished your freedom itself is diminished. And as your Congress does not stand up to these and put forward a better plan that truly protects the taxpayers and truly has the long-term interests of the United States at heart, you will be in jeopardy of losing both your prosperity and your liberty. The choice is stark and it was put forward in the book by Doestoevsky. In the Brothers Karamazov the Grand Inquisitor came to Jesus and he said if you wish to subject the people, give them miracle, mystery and authority; but above all give them bread. And it has always been the temptation in a crisis especially to sacrifice liberty for short-term promises of prosperity. And it was no mistake during that during the 1917 Bolshevik revolution the slogan was “Peace, land, and bread.” Today you are being asked to choose between bread and freedom. I suggest that the people on Main Street have said they prefer their freedom, and I am with them. I yield back.

Barack Obama had a speech prepared to celebrate the passage of the bill to bail out Wall Street. No doubt, he was ready to take credit for saving the United States from another Great Depression. He was so confident he didn’t even bother to convince those 95 democrats who voted against the bill. Now there’s some leadership for ya!

When he heard the news of the bill going down in flames, he had to postpone his speech by 40 minutes to scrape together a new speech. Why he needed 40 minutes to spew his tired old garbage is a mystery.

While he declined to cast blame on any one person for the crisis, Obama ripped McCain’s previous support for the de-regulation he says contributed to the collapse on Wall Street. “He’s fought against common-sense regulations for decades, he’s called for less regulation twenty times just this year, and he said in a recent interview that he thought de-regulation has actually helped grow our economy,” Obama said. “Senator McCain, what economy are you talking about?”

“I read the other day that Senator McCain likes to gamble. He likes to roll those dice,” he continued. “One thing I know is this - we can’t afford to gamble on four more years of the same disastrous economic policies we’ve had for the last eight. Read full story.

But according to Obama, this is not the time for partisan politics.

In case anyone is wondering which party stood in the way of stricter regulation of Fannie and Freddie, perhaps this video will help. While Obama blames John McCain’s policies for causing the current financial crisis, he fails to recall John McCain’s efforts in 2006 to pass the Federal Housing Regulatory Reform Act of 2005. The status of that bill is “dead”.

In the famous words of Charles Dickens, “It was the best of times, it was the worst of times.” That’s sort of the feeling I have today. Watching the stock market fall certainly was no fun. But witnessing the preservation of American freedom was kinda nice.

Did you catch the partisan bickering on Capital Hill? Nancy Pelosi started the day with a bitterly partisan speech. Not exactly the best way to win favor or move people over to your side. The Democrats were quick to blame Republicans for the bill’s failure. They forgot to mention the 95 Democrats who voted against the bill.

Democrats control Congress, why did they need Republicans to go along with them? If they wanted this bill passed it should have been easy. They even had 65 Republican votes to help them along. Where was Barack Obama, the leader of the Democratic Party? Why wasn’t he in Washington, lobbying members of his own party to vote for the bill?

I think the Dems may want to quiet down on this one.

Now it’s time to head back to the drawing board and come up with some free market solutions to this problem. They need more oversight (which the Democrats fought tooth and nail - watch this video from 2004) and accountability. Americans want to see those responsible for this mess investigated and punished, not rewarded.

Here is the text of the bailout bill that Congress will probably vote on tomorrow. I don’t suggest reading this over breakfast. I’ve only read about the first 30 pages so far, but I already feel like a big sucker. I’ve been paying my mortgage all these years. Read the rest of this entry »

There just aren’t enough hours in the day to connect all of Obama’s connections to radical left wing organizations. We know about his involvement in ACORN. We know about his association with Bill Ayers. Much has been written about his associations (mostly on the web, since the MSM is uninterested), but nobody has tied it all together into one cohesive story.

Well, now James Simpson at American Thinker has done just that. In Barack Obama and the Strategy of Manufactured Crisis, Simpson makes the case that the left not only caused the current financial crisis, but they intended for it to happen. It’s part of their sinister plan to turn the United States into a socialist country.

One of two things must be true. Either the Democrats are unfathomable idiots, who ignorantly pursue ever more destructive policies despite decades of contrary evidence, or they understand the consequences of their actions and relentlessly carry on anyway because they somehow benefit.

I submit to you they understand the consequences. For many it is simply a practical matter of eliciting votes from a targeted constituency at taxpayer expense; we lose a little, they gain a lot, and the politician keeps his job. But for others, the goal is more malevolent - the failure is deliberate. Don’t laugh. This method not only has its proponents, it has a name: the Cloward-Piven Strategy. It describes their agenda, tactics, and long-term strategy.

The article provides an in-depth analysis of the radicals Obama is tied to and his involvement with ACORN and the current financial crisis. We’ve heard Obama speak of “sometimes there are unintended consequences.” This well documented and researched piece will make you wonder. Are those consequences really unintended or are they simply the means to an end?

It’s important to read the entire article to gain a complete understanding of Barack Obama’s past and how it ties into what is going on today.

What do 75% of American voters and Mike Pence (R-IN) have in common? You guessed it, opposition to the Wall Street bailout. Pense is urging his colleagues to vote against the bill and wrote the following letter.

Dear Colleagues:

Our nation has been confronted by a serious crisis in our financial markets. The President and this Congress were right to act with all deliberate speed in addressing this crisis.

We now have a deal that promises to bring near-term stability to our financial turmoil, but at what price?

Economic freedom means the freedom to succeed and the freedom to fail. Read the rest of this entry »