An Ol' Broad's Ramblings
Archive for 28 September 2008
From Congressman Pence’s Office
WASHINGTON, DC – U.S. Congressman Mike Pence sent the following letter to his colleagues today in opposition to the deal struck last night on the bailout of the financial services sector:
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.
The decision to give the federal government the ability to nationalize almost every bad mortgage in America interrupts this basic truth of our free market economy.
Republicans improved this bill but it remains the largest corporate bailout in American history, forever changes the relationship between government and the financial sector, and passes the cost along to the American people. I cannot support it.
Before you vote, ask yourself why you came here and vote with courage and integrity to those principals.
If you came here because you believe in limited government and the freedom of the American marketplace, vote in accordance with those convictions.
Duty is ours, outcomes belong to God.
We have fought the good fight. Now we need to finish the race and make sure that posterity and the American people know there were conservatives who opposed the leviathan state in this dark hour.
And if you do this I promise you, I will stand with you and, I believe with all my heart, the American people will stand with you as well.
Swiped from Texas Pundit!
Fox Business has the text of the bill. It’s in .pdf. Everytime I click on something that is .pdf, my computer locks up. So, I’m not going to click on that. If anyone knows where there is a ‘copy’ that isn’t .pdf, let me know, ok?
Insert serveral four lettered words here!
TULSA, Okla. – A once prominent leader in the charismatic movement has been forced to shut down his church in the wake of a radical change in his theological beliefs.
Eight years ago, Bishop Carlton Pearson’s Higher Dimensions Church had about 6,000 members. He served as a guest host on the Trinity Broadcasting Network, was a member of the Oral Roberts University board of trustees, and was among group of black religious leaders who advised President-elect George W. Bush after the 2000 election.
But Pearson then began preaching that everyone goes to heaven, a theology he calls “the gospel of inclusion.” Not long after, evangelical leaders rejected Pearson, the membership in his church fell to a few hundred, and the church’s property was lost in foreclosure.
Its few remaining members have now been merged into a Unitarian congregation.
Perhaps this so called leader decided to leave out a very important chapter, and verse, in the Book of John:
Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.
Seems there are way too many who have forgotten this verse!
Much has been made of Sen. John McCain’s comment about the economy being fundamentally sound. Well, the fundamentals of our economy ARE sound. It’s the economy itself that sucks big time. Now, why and how we got into this mess can be debated, ad nauseum, and it actually has. The Dhimmis blame Bush and the Republicans. The Pubbies blame the Dhimms.
I blame ‘em all! Yep! Every single one of ‘em! Republican and Democrat alike!
We keep voting for folks we hope will bring the power back to the people, well at least those on the right do. The left? Who knows what logic they use in their voting practices. As best I can figure out, there is none.
The treasury dept. prints more money, which in turn makes its worth less than it did before the excess was printed. There’s nothing to back this money up, like gold, or some such thing. Worth less than the paper it’s printed. sigh…
Congress continuously spends money they don’t have, thinking up useless “entitlement programs”, funding failed ones, pushing us farther and farther into debt, encouraging common folks to do the same….like taking out loans for houses they can’t afford. Now, since they couldn’t afford the loans without some kind of special treatment, they can’t afford to keep up the payments, and so the foreclosures start. Smart folks didn’t get rooked into these kinds of loans, but they are going to end up paying for them anyway.
What should we do? Is bailing out failed businesses the right way to go? I don’t think so. If we don’t bail ‘em out, will the whole country go into a tail spin? Again, I don’t think so. Oh, no doubt we’d have some major problems, but nothing that time and determination won’t resolve. If we buy into this bailout BS, will all be well? Once again, I don’t think so. What I do think is that a bandaid is not a good way to stop a gushing artery.
Obviously, I’m no economist. Don’t even play one on TV. Perhaps I should stop thinking, and let the gubmint think for me….like so many seem to be doing these days.
No Dinner Jacket Required
Satire by Shawn Goodwin
If New York City smelled more putrid than normal last week, please do not blame Mayor Michael Bloomberg. This one was not his fault. Last Tuesday, Iranian President/Certified Nutcase/Bronson Pinchot look-alike Mahmoud Ahmadinejad addressed the United Nations General Assembly to universal acclaim. Okay, the “universal acclaim” came from Iran’s state-sponsored news agency, Venezuelan President Hugo Chávez, and Susan Sarandon, but that’s not the point. These three don’t agree on anything, except maybe on their love of Bull Durham.
The $700 billion financial-system bailout agreement reached early Sunday “puts taxpayers first in line to recover assets if [a] participating company fails [and] guarantees taxpayers are repaid in full — if other protections have not actually produced a profit,” according to a summary of the draft proposal released by House Speaker Nancy Pelosi Sunday morning.
“If the government loses money, the financial industry will pay back the taxpayers,” the summary sheet declared.
Mrs. Pelosi also reported that there will be “four independent oversight entities or processes to protect the taxpayer,” including a strong oversight board appointed by bipartisan leaders of Congress.
More congressional appointments? Oh, we are SO screwed! All I see here is more gubmint bloat that will end with WE, the People, holding the bag for the weasels. This whole bill business has been a scam, and WE are going to pay dearly!
SOMALI pirates who seized a Ukrainian freighter carrying arms were yesterday surrounded by foreign warships off Harardhere, on the central Somalia coastline, a Somalian official and witnesses said.
“We are getting information that three warships are tracking the pirates and two of them are very close to the hijacked ship,” the adviser to the presidency of the semi-autonomous region of Puntland, Bile Mohamoud Qabowsade, told Agence France-Presse in Mogadishu by telephone. “One of these ships is from the United States and the other two are from the European Union countries.”
Uh…don’t war ships have torpedoes anymore? Seems to me, a couple of well placed shots would do the trick. Yeah, the hijacked ship would sink, but so would the pirates, and it sure would send a message, wouldn’t it.
Parkes, 44, has an IQ of 56 and the math skills of a first-grader. Sakry is 43 and, like Parkes, faces challenges when it comes to planning and maintaining budgets. Despite their limitations, three different lenders persuaded them to keep refinancing their home until they burned up the equity in their house and could no longer afford the payments.
Personal opinion: Criminal charges should be brought against the lenders! Fraud seems to play a big part is some people’s lives. The lending institutions should cancel these people’s debt, and their agents should pay restitution. These are the people who should be helped….not the fat cats of the likes of Freddie and Fannie! Ok, that might be emotion talking, but it just makes me angry that there are those who make a living out of preying on the weak!
“These churches actually hope that the IRS will come after them, and that it will set up a chance for litigation in federal court,” said Erik Stanley, senior legal counsel of the Alliance Defense Fund, the Arizona-based group organizing the pulpit protests.
But a new national survey from Nashville-based LifeWay Research found that most Americans want pastors to steer clear of politics.
Seventy-four percent strongly disagreed with the idea that pastors should be able to endorse candidates during a church service, while 13 percent disagreed somewhat. Five percent strongly approved of pulpit endorsements.
The way I look at it, if your pastor is actually teaching the Bible, following the laws of God, then he wouldn’t have to endorse a candidate. You should KNOW, just by the lessons taught. Sadly, there are way too many pastors who have forgotten just exactly what is in that Book!
Ibrahim Eissa was convicted by a lower court in March of publishing false information about Mubarak’s health when he wrote that the 80-year-old leader occasionally lapsed into a coma. The judges said at the time that the series of articles were a threat to national stability, and caused jittery foreign investors to flee the country.
Eissa was then sentenced to six months.
State Security prosecutors appealed the verdict, arguing it was too light. But on Sunday, the court reduced the sentence further to two months.
Ok, my question would be….is Mubarak lapsing into comas? Was the journalist just making it up, or did he have facts to back up his reporting?
“It is unfortunate, and indeed another unpleasant surprise for the international community, that yet unwarrantedly and unnecessarily called to act in a hastily manner on an issue that by no stretch of logic, law or justification falls within the Council’s purview, and poses no threat to international peace and security,” Iranian Mission to the United Nations said in a statement.
“The Security Council’s engagement in, and actions against, the Islamic Republic of Iran’s peaceful nuclear program, including today’s resolution, lack not only fairness and objectivity, but also relevance and lawfulness.
Well, perhaps if the Iranians stopped threatening Israel and the West, folks might buy into such ramblings. I don’t find a country that promotes hatred and murder having nuclear technology terribly comforting.
HonorAir Knoxville says it has scheduled all-expense-paid flights Oct. 11 and Oct. 29 to take more than 200 East Tennessee World War II veterans from 10 area counties to Washington to see the World War II Memorial.
The flights are sponsored by Prestige Cleaners in partnership with the Rotary Foundation of Knoxville and major sponsors Covenant Health and Home Federal Bank.
The organization’s goal is to fly as many World War II veterans as possible from East Tennessee to see the memorial, built in their honor.
We are losing the “Greatest Generation” and to honor them with a memorial most will never see is rather depressing. Many states have organizations you can donate to help with providing these heroes a trip to D.C.
Antoin “Tony” Rezko, a convicted influence peddler who was once one of Gov. Rod Blagojevich’s most trusted confidants, has met with federal prosecutors and is considering cooperating in the corruption probe of the governor’s administration, sources told the Tribune.
Rezko’s possible change of heart—after years of steadfast refusal—has sent ripples through a tight circle of prominent defense attorneys who represent dozens of potential witnesses and targets in the wide-ranging probe.
His cooperation would give prosecutors investigating the governor and his wife access to someone they have described as an ultimate political insider at the center of a pervasive pay-to-play scheme.
I don’t suppose he’ll give up the dirt on BHO, just to save the country some serious embarrassment down the road.
Automakers gained $25 billion in taxpayer-subsidized loans and oil companies won elimination of a long-standing ban on drilling off the Atlantic and Pacific coasts as the Senate passed a sprawling spending bill Saturday.
The 78-12 vote sent the $634 billion measure to President Bush, who was expected to sign it even though it spends more money and contains more pet projects than he would have liked.
There was a time when American made cars were the best in the world. Consumers are finding out this is not the case anymore. Overpriced, poorly made, gas guzzlers aren’t sitting well with buyers, so they aren’t buying. The idea that our tax money is going to prop up unions doesn’t give me a whole lot of confidence. I am, however, in favor of lifting that ridiculous ban on drilling.
Democrats also wanted to avoid an election-year clash with Bush that would have played in his favor. They are willing to take their chances that Democrat Barack Obama will be elected president in November and permit increases for scores of programs squeezed by Bush each year.
Bush had threatened to veto bills that did not cut the number and cost of pet projects in half or cause agency operating budgets to exceed his request. Democrats ignored the edict as they drafted the plan and the White House has apparently backed down.
Taxpayers for Common Sense, a watchdog group, discovered 2,322 pet projects totaling $6.6 billion. That included 2,025 in the defense portion alone that cost a total of $4.9 billion. Critics of such projects are likely to discover numerous examples of links to lobbyists and campaign contributions.
It never ceases to amaze me that even in tough financial times, politicians will STILL play freakin’ games with our money! I’ll say it again, this bill is bad news for Americans!
6 Pour out thy wrath upon the heathen that have not known thee, and upon the kingdoms that have not called upon thy name.
7 For they have devoured Jacob, and laid waste his dwelling place.
8 O remember not against us former iniquities: let thy tender mercies speedily prevent us: for we are brought very low.
9 Help us, O God of our salvation, for the glory of thy name: and deliver us, and purge away our sins, for thy name’s sake.
10 Wherefore should the heathen say, Where is their God? let him be known among the heathen in our sight by the revenging of the blood of thy servants which is shed.
11 Let the sighing of the prisoner come before thee; according to the greatness of thy power preserve thou those that are appointed to die;
12 And render unto our neighbours sevenfold into their bosom their reproach, wherewith they have reproached thee, O Lord.
13 So we thy people and sheep of thy pasture will give thee thanks for ever: we will shew forth thy praise to all generations.