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POPS Emergency Loans For Detroit's Big Three Could Set Up Showdown Between Congress, White House Executives with the Detroit automakers and the head of the United Auto Workers are expected to make their case at a hearing next Wednesday before Frank's committee. A House vote on Frank's measure could come as early as next Thursday. Democratic leaders also are considering pairing the measure with a broader economic aid bill, including money for unemployed workers whose jobless benefits have run out, aides said.
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POPSBarney Frank: A Democrat's Irresponsible And Impossible Plan ~ ~ ~ ~to cut the defense budget by 25 percent~ ~ ~ ~ Research and Development (R&D); and Operations & Maintenance (O&M). MILPERS includes all funds used to pay the troops, provide subsistence for their dependents, their pensions and retirement pay, and their medical expenses (housing is paid out of a separate but relatively small account). Procurement is money spent to buy equipment--everything from rifles to aircraft carriers, including money spent to upgrade existing weapon systems. R&D is money spent to develop the next generation of weapon systems, to ensure that the U.S. maintains a technological edge over our adversaries. Finally, O&M is the money used for training, to buy fuel and food and other consumables, to fix broken equipment, and to sustain forces in the field.
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POPSPalin asks if Democrats think terrorists are 'the good guys' WTF? This Bush/Cheney style of demonizing is what is wrong with this country. Mind you, if McCain/Palin win, the cultural divide in this country will only increase because they will continue to demonize and question the patriotism of anyone who does not agree with them. If I question the bloated Pentagon budget, I must hate America, including my parents, my brothers and sisters and all of their children, my grandmother, all my friends, all of their families, and everyone in my hometown. I want to destroy it all. Do people on the right really think this about people on the left? Without knowing me, without knowing the good I have done in this country and in this world? That I really, really want to destroy all I love because I dare to question Bush/Cheney and/or the military/industrial complex and it's continued reliance on perpetual conflict?!? It's absolutely fuckin' ludicrous!
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POPS Is Wall Street Wise To Obama? He is far too smart to say what Barney Frank just said–that we should cut the military budget by 25%. But it tells you something that Morgan Stanley has just downgraded the entire aerospace and defense sector ahead of the presidential election Obama is heavily favored to win. Wonder why they figure that we won’t be spending so much on defense in the future? Maybe the financial analysts aren’t buying Obama’s centrist makeover?
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POPS Joe The Plumber Can "Spread The Wealth Around" Just Fine
Kennedy understood all this, either consciously or intuitively. But he was the last Democrat to so understand. Lyndon Johnson, who moved into the Oval Office after Dallas, never did get it. Instead, he instituted a guns-and-butter policy (escalating the Vietnam War at the same time he announced the Great Society, a welfare-based attack on America at a cost of billions), and the results were devastating. His only lasting contribution to the public good was the successful passage of historic Civil Rights legislation. That wouldn't have been possible without the support of Republicans in Congress. Ronald Reagan did, and lowered taxes because of his understanding. And so did George W. Bush, leading to the boom which ended only because liberals in Congress - Barney Frank and Chris Dodd most significantly - colluded with Fannie Mae and Freddie Mac to push for subprime mortgages, and we all know what happened when the recipients of such largesse couldn't afford the payments.
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POPS Obama And Frank: A Farwell To Arms Caucus for Priorities is a campaign of Business Leaders for Sensible Priorities, a 501(c)(3) non-profit organization. Its mission is to “change U.S. budget priorities to reflect a national commitment to education, healthcare, energy independence, job training and deficit reduction — at no additional taxpayer expense — by eliminating funding for unneeded Cold War-era weapons systems.” That will certainly deter a rearming and expansionist Russia, an ambitious China and a dangerous Iran. If Obama wins, the “obsolete Cold War weapons” to be done away with, to Russian and Chinese glee, include the F-35 Joint Strike Fighter and the F/A-22 Raptor to replace our aging F-15s, the wings of which are literally falling off. The Raptor can fly to and from Iranian nuclear facilities undetected should the need arise, as it very well may at some point.
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POPSTaking Boomers' Last,Late Chance for Growth. <"Giving more money to people when they fail and taking more money away from people when they work doesn't increase work. And the stock market knows it." "An improving economy carries with it the prospects of enhanced profitability as well as higher employment, higher wages, more productivity and more output. Just look at the era beginning with President Reagan's tax cuts, Paul Volcker's sound money, and all the other pro-growth, supply-side policies.">
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POPSB. Frank says Dems will cut defense, raise taxes & spend... I truly do not believe Americans realize what they are going to get along with Obama. The Dems, with their President, will truly undermine our national security and put us all on government welfare...taking our $$$ and the doling it out back to us as they see fit. :~(
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POPS Barney Frank, Meet Robert Heinlein ~ Andy McCarthy . . . . A perfect democracy, a "warm body" democracy in which every adult may vote and all votes count equally, has no internal feedback for self-correction.... nce a state extends the franchise to every warm body, be he producer or parasite, that day marks the beginning of the end of the state. For when the plebs discover that they can vote themselves bread and circuses without limit and that the productive members of the body politic cannot stop them, they will do so, until the state bleeds to death, or in its weakened condition the state succumbs to an invader — the barbarians enter Rome.
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POPSHow Did We Come To This? Just what has America come to when law-breaking non-Americans find it harder to get a loan? I'm sure a new federal Illegal Home Mortgage agency will be created to deal with this critical situation.
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POPSLeft-Wing And A Prayer ~ Mark Steyn deficit fear has to take a second seat. I do think this is a time for a kind of very important dose of Keynesianism. I believe later on there should be tax increases. Speaking personally, I think there are a lot of very rich people out there whom we can tax at a point down the road and recover some of this money. Look, it's not difficult. Barack the Spreader wants to spread Joe the Plumber's wealth around. In fact, every American does that for himself every day of the week, every time he swings by Joe the Butcher, Joe the Baker, Joe the Candlestick Maker, Jolene the Waitress, Jolene the New York Gubernatorial Prostitute, whatever. The question is whether 300 million Americans spreading their wealth around can do it more effectively than Barack and Barney taking it unto themselves to spread it around. I don't find that hard to answer. If you disagree - if you believe in socialist redistribution from the dynamic sector of the economy to the sclerotic, incompetent and corrupt . . .
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POPSHe can't be that liberal. Can he? I think at this point, there needs to be a focus on an immediate increase in spending and I think this is a time when deficit fear has to take a second seat. I do think this is a time for a kind of very important dose of Keynesianism. I believe later on there should be tax increases. Speaking personally, I think there are a lot of very rich people out there whom we can tax at a point down the road and recover some of this money.
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POPSLots of Rich People to Tax
I love the idea that the government has to "recover some of this money". The idea that all money belongs to the government and they might give some away but will take it all back is at the heart of our problems with big government. My money, that I worked for and sweated for and already have half taken away in taxes of one sort or another - that is my money not the governments. And any suggestion that I am keeping too much of my work efforts is not only obscene, but disingenuous. Add it up - what do you pay every year in social security taxes and medicare taxes and federal income taxes and state income taxes and local income taxes and state sales taxes and county sales taxes and local sales taxes and property taxes and to get a license plate for your car and the taxes on any property you sell and the taxes on your phone line and the taxes on your cell phone and the taxes on your water bill and taxes on your electricity bill and your garbage bill and .... And then we are tol
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POPSObama,Pelosi,Reid plan to suck American Economy Dry Revealed by Conressman Frank They will stunt or destroy the very corporations and small businesses that provide Americans jobs and capital so that they(regular people) in turn cannot invest and become entrepreneurs or wealthy by investment due to capital gains taxes doubling(nearly).Upward societal advancement will become stagnant with their idiotic policies as the inculcation of socialistic policies always results in.
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POPS America Will Remain the Superpower But that only means it had outperformed nearly every single major foreign stock exchange, including Germany's XETRADAX (down 28%) China's Shanghai exchange (down 30%), Japan's NIKK225 (down 37%), Brazil's BOVESPA (down 41%) and Russia RTSI (down 61%). These contrasts are a useful demonstration that America's financial woes are nobody else's gain. On the other hand, global economic distress doesn't invariably work at cross-purposes with American interests. Hugo Chávez's nosedive toward bankruptcy begins when oil dips below $80 a barrel, the price where it hovers now. An identical logic, if perhaps at a different price, applies to the petrodictatorships in Moscow and Tehran, which already are heavily saddled with inflationary and investor-confidence concerns. Russia will also likely burn through its $550 billion in foreign-currency reserves faster than anticipated -- a pleasing if roundabout comeuppance for last summer's Georgian adventure.
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POPS "Argue With Them And Get In Their Face" I had been under the impression that the Alien and Sedition Acts had gone out of existence in 1801-'02. Not so, apparently, in metropolitan St. Louis. Similarly, the Obama campaign called for a criminal investigation of the American Issues Project when it ran ads highlighting Mr. Obama's ties to Mr. Ayers. These attempts to shut down political speech have become routine for liberals. "Saturday Night Live" ran a spoof of the financial crisis that skewered Democrats like House Financial Services Chairman Barney Frank and liberal contributors. The tape of the broadcast disappeared from NBC's Web site and was replaced with another that omitted the references to Mr. Frank. Evidently NBC and its parent, General Electric, don't want people to hear speech that attacks liberals. Today's liberals seem to be taking their marching orders from other quarters. Specifically, from the college and university campuses, armed with speech codes, have for years been disciplining and subjecting. .
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POPSHUD Admits Unqualified Borrowers Would Increase Risk Of Defaults Watch this video. Send the link to friends. We are on the verge of rewarding the party and the man who laid the groundwork for this fiasco with control of the government. Yes, Wall Street was greedy, but the Democratic Party and people like Barack Obama, Barney Frank, Chris Dodd, Greg Meeks, Franklin Raines and so many more plowed the field so that greed could grow. Remember that on election day. Get angry. :mad: LINKS: More from AJ Strata, who notes Obama saying that the point was to spread the risk not just across America, but the globe. That turned out real good, didn't it?
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POPS The "Great Wall Street Heist" of 2008 Reagan added: “I hope John McCain will not shrink from pointing the finger of blame where it belongs – at Barack Obama, who fed greedily at the trough of Fannie Mae and Freddie Mac while their top people, including two of his own campaign associates, were flim-flamming the American people. It’s a Democratic scandal from beginning to end, and the American people deserve to know it.”
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POPSI'll Take Hope Over Fear and Loathing, Thank You Very Much I am by training a historian. My focus of study has been 20th century Europe and the rise of fascism. The "othering' taking place on the right and from the Republican candidates themselves is horrifying to behold. Who's to blame for the economic crisis? Barney Frank (faggot!), ACORN (niggers!), Barack Hussein Obama (half-breed Muslim!). I see it on the internet, I see it on TV, I see it in newspapers, I see it here on ClipMarks: race-baiting, fear-mongering, scapegoating. Enough! Not here! Not now! Not ever again! If I may quote Obama, "Not this time!
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POPS Follow The Money! If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole. John McCain, May 26, 2005
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POPSFollow The Money & Why Fannie Mae's Reform Was Thwarted Is it any wonder that the 2005 reforms Senator McCain championed never passed? If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole. John McCain, May 26, 2005
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POPSEdited SNL subprime video - no longer available I seldom ever watch SNL but came across this article on a skit - the video was pulled - edited and reposted - however it nows seems it was pulled again and is not available - guess people with power got their way.
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POPSBarney is shameless So now Republicans hate black people and poor people? You helped cause this mess- you and your boyfriends- and now you divert the blame by calling others racist and anti-poor? This guy needs to get ran out of town on a rail.
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POPSShine "Light Of Scrutiny & Accountability” On The Nation’s Financial System Pelosi said,“We want to take our country in a new direction for the middle class.” Something else that should be looked into: Barney Frank’s relationship with a former Fannie executive named Herb Moses. Frank told reporters Friday that starting in January, Congress will “have a major role.” “We have to rewrite housing in America. … It would be highly irresponsible if we were to stop here,” he said. “Now we have to perform more serious reform.” Yet, she mentions nothing about the accountability of people like Sen. Chris Dodd, or Franklin Raines or Jamie Gorelick, the latter two having made millions off of Fannie while the organization itself was sliding into government conservatorship.
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POPS Thomas Sowell Opines --- Do Facts Matter? So did Bush's Secretary of the Treasury, five years ago. Yet, today, what are we hearing? That it was the Bush administration "right-wing ideology" of "de-regulation" that set the stage for the financial crisis. Do facts matter? We also hear that it is the free market that is to blame. But the facts show that it was the government that pressured financial institutions in general to lend to subprime borrowers, with such things as the Community Reinvestment Act and, later, threats of legal action by then Attorney General Janet Reno if the feds did not like the statistics on who was getting loans and who wasn't. Is that the free market? Or do facts not matter? Then there is the question of being against the "greed" of CEOs and for "the people." Franklin Raines made $90 million while he was head of Fannie Mae and mismanaging that institution into crisis. Who in Congress defended Franklin Raines?
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POPSNo.2 of Fannie Five - Barney Frank Frank has consistently opposed any attempt to reform the practices at Fannie Mae or Freddie Mac. Frank has been described as “The Patron Saint of Fannie Mae”. http://www.stltoday.com/forums/viewtopic.php?p=6069270 Read specific examples of Frank’s obstruction of reform here: http://www.foxnews.com/story/0,2933,424945,00.html In 2002, shortly before accounting irregularities were exposed at both companies, Frank said, “I do not regard Fannie Mae and Freddie Mac as problems,” reported the Wall Street Journal. After the Freddie Mac accounting scandal in 2003, Frank said, “I do not think we are facing any kind of a crisis.” http://mpinkeyes.wordpress.com/2008/09/17/barney-frank-and-chuck-schumers-role-the-fannie-ma
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POPSDo Facts Matter? "We also hear that it is the free market that is to blame. But the facts show that it was the government that pressured financial institutions in general to lend to subprime borrowers, with such things as the Community Reinvestment Act and, later, threats of legal action by then Attorney General Janet Reno if the feds did not like the statistics on who was getting loans and who wasn’t. Is that the free market? Or do facts not matter?"
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POPSDemocrat Fingerprints Are All Over The Financial Crisis ........under stricter regulatory control. In 2006, it was revealed that Fannie Mae had overstated its earnings – to which its senior executives' bonuses were linked – by a stunning $9.3billion. Between 1998 and 2003, Fannie Mae's executive chairman, Franklin Raines, picked up over $90m in bonuses and stock options. Yet Barney Frank and his chums blocked all Bush's attempts to put a rein on Raines. During the House Financial Services Committee hearing following Bush's initiative, Frank declared: "The more people exaggerate a threat of safety and soundness , the more people conjure up the possibility of serious financial losses to the Treasury which I do not see. "There were nearly a dozen hearings where we were trying to fix something that wasn't broke. Mr Chairman, we do not have a crisis at Freddie Mac and particularly at Fannie Mae under the outstanding leadership of Mr Franklin Raines."
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POPSWhy Is Barney Franks Gay Lover/Fannie Mae Exec Not Germane? (HT: Ace) See also: The 12 ways the government contributed to the financial crisis. http://www.openmarket.org/2008/10/03/bash-the-bailout-government-is-not-the-answer/ Update: Also via Ace, Fox digs up the intriguing nugget that Barney "There Is No Crisis at Fannie and Freddie" Frank's partner is an executive at... wait for it..
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