The Worst President Since Carter

Obama has so far been a failure of gargantuan proportions. From the lies about creating and saving jobs, the wasteful continuation of the previous administrations bailouts of GM and Chrysler that resulted in both of them going into bankruptcy, the defending of a man who refused to show a police officer proper ID when asked (try that next time you get stopped by the police and see what happens to you.). But that’s Ok, he was a Harvard man and the cop should have known better, the utterly disgusting wasteful spending with the so-called financial recovery. And of course Obama Care. Under the Obama Care plan you will be required at the point of a gun to either opt in to the Government controlled health plan or buy private health insurance. Don’t believe me? Just try and refuse to pay the $1500 fine you will be assessed at tax time if you don’t.

The Obama voters in this country are slowly getting what they want with this health plan, the complete and total take over of their lives by the government. The Obama administration and the socialist, progressive left in general really do believe the people of this country are just dumb rubes who cannot take care of themselves and that they are the only ones who can decide what is best for us. From what kind of cars we drive, the way we heat and cool our homes, how we handle our heath care needs and the list just gets bigger everyday.

Our country deserves better then this community organizer. I would rather have a president who stutters but speaks common sense then this man who speaks lies and bullshit so eloquently. It’s time for the people of this country to stand up say the emperor wears no clothes.

R.I.P Mark Sanford

In the immortal words of the good reverend, Jeremiah Wright: Mark Sanford got caught "ridin dirty". It's about time too; South Carolina was starting to feel left out. We haven’t had a good sex scandal since Strom Thurman knocked up that black chick. And when was that, like the 50's? Politicians are scum. The only thing shocking about this whole sorred mess is that people are shocked.

I have to admit that I do like Sanford. He has been the best governor in my lifetime. He is what every politician should be, an obstructionist. Unfortunately this little trip to Argentina should do him in politically. I say should because stranger things have happened. DC mayor Marion berry was caught smoking crack with a hooker and is still relevant, in DC anyway. President Bubba was elected twice mainly because of his penchant for receiving head. He may be the next guy to lead the UN.

The most tragic thing to come from this is how far this will set back the reform movement in SC. There is no one in the field that has the stones to stand up to the "good ol boys" in Columbia. And after seeing how even his own party trashed him no one ever will. Having conviction is nice but not at the cost of losing power. And no one in that bunch wants to lose his or her power. So I guess the good people of sc can look forward to another 233 years of business as usual from the same cast of characters. The powers that be in SC are never going to allow a person who wants to rock the boat politically to hold the office of governor. Sanford got close and was destroyed. This is beside the fact that he was caught giving “The Girl From Ipanema” the hot beef injection. He was a political dead man walking. The SC legislator holds a lot of power in this state, to much power for my taste. And the sheeple of the Palmetto State are easily brain washed. Mark Sanford’s main crime (besides slipping his dong inside someone other then Jenny) was pointing out the brainless activities of our elected officials; the wasteful spending, the country club cult like mentality of the state house, and trying to change the status quo.

I have come to expect my elected officials to fail morally. All politicians are inherently bad, evil people. That is why they were politicians. And in the end isn’t that what we want? A blood thirsty, fight for what they believe in, fuck anything that moves, hard ass? Or a limp wristed, go along with the crowd, don’t make any waves, doughboy.

Say what you want about Governor Sanford, but he fought to change the way politics works in this state. I doubt we will ever have someone with the guts to go to war with a system as corrupt as the South Carolina State House again.

The Evidence Keeps Poping Up............

The evidence against Barak Obama keeps growing everyday. This story comes to us from mediacircus.com. He sued Citibank to force them to make bad loans to people. The man is a disgrace and he and his socialist henchmen have single handedly destroyed the US economy.

This from Media Circus:

Posted on 03 October 2008

Do­ yo­u r­e­m­e­m­b­e­r­ ho­w we­ t­o­ld yo­u t­hat­ t­he­ De­m­o­cr­at­s and gr­o­ups asso­ci­at­e­d wi­t­h t­he­m­ le­ane­d o­n b­ank­s and e­ve­n sue­d t­o­ ge­t­ t­he­m­ t­o­ m­ak­e­ b­ad lo­ans unde­r­ t­he­ Co­m­m­uni­t­y R­e­i­nve­st­m­e­nt­ Act­ whi­ch was a fact­o­r­ i­n causi­ng t­he­ e­co­no­m­i­c cr­i­si­s (se­e­ HER­E a­n­d HER­E ) … well lo­o­k­ at what so­me fello­w blo­g­g­ers hav­e d­u­g­ u­p­ while researc­hin­g­ O­bama’s leg­al c­areer. Lo­o­k­s lik­e a typ­ic­al AC­O­RN­ lawsu­it to­ g­et ban­k­s to­ han­d­ o­u­t bad­ lo­an­s.

In­ these lawsu­its, AC­O­RN­ mak­es a bo­g­u­s c­laim o­f Red­lin­in­g­ (d­en­yin­g­ p­o­o­r p­eo­p­le lo­an­s bec­au­se o­f their ethn­ic­ heritag­e). They p­ro­test an­d­ g­et the lo­c­al med­ia to­ raise a big­ stin­k­. This stin­k­ mean­s that the ban­k­ fac­es tho­u­san­d­s o­f p­eo­p­le c­lo­sin­g­ their ac­c­o­u­n­ts an­d­ g­et lo­c­al p­o­litic­ian­s to­ lo­bby to­ sto­p­ the ban­k­ fro­m d­o­in­g­ so­me fu­tu­re bu­sin­ess, exp­an­sio­n­s an­d­ merg­ers. If the ban­k­ g­o­es to­ c­o­u­rt, they will win­, bu­t the d­amag­e is alread­y d­o­n­e bec­au­se who­ is g­o­in­g­ to­ lau­n­c­h a big­ c­amp­aig­n­ to­ g­et the ban­k­’s rep­u­tatio­n­ bac­k­?

It is imp­o­rtan­t to­ u­n­d­erstan­d­ the n­atu­re o­f these lawsu­its an­d­ what their p­u­rp­o­se is. AC­O­RN­ filed­ to­n­s o­f these lawsu­its an­d­ ALL o­f them alleg­e rac­ism.

Cas­e­ Name­
B­uy­cks-Rob­erson­ v­. Ci­t­i­b­an­k F­ed. Sav­. B­an­k F­ai­r Housi­n­g/L­en­di­n­g/I­n­suran­ce
Docket­ / Court­ 94 C 4094 ( N­.D. I­l­l­. ) F­H-I­L­-0011
St­at­e/T­erri­t­ory­ I­l­l­i­n­oi­s
C­as­e S­ummary
P­la­int­iffs filed­ t­heir cla­ss a­ct­io­n la­w­suit­ o­n July 6, 1994, a­lleg­ing­ t­ha­t­ Cit­iba­nk­ ha­d­ eng­a­g­ed­ in red­lining­ p­ra­ct­ices in t­he Chica­g­o­ m­et­ro­p­o­lit­a­n a­rea­ in vio­la­t­io­n o­f t­he Equa­l Cred­it­ O­p­p­o­rt­unit­y A­ct­ (ECO­A­), 15 U.S.C. 1691; t­he Fa­ir Ho­using­ A­ct­, 42 U.S.C. 3601-3619; t­he T­hirt­eent­h A­m­end­m­ent­ t­o­ t­he U.S. Co­nst­it­ut­io­n; a­nd­ 42 U.S.C. 1981, 1982. P­la­int­iffs a­lleg­ed­ t­ha­t­ t­he D­efend­a­nt­-ba­nk­ reject­ed­ lo­a­n a­p­p­lica­t­io­ns o­f m­ino­rit­y a­p­p­lica­nt­s w­hile a­p­p­ro­ving­ lo­a­n a­p­p­lica­t­io­ns filed­ by w­hit­e a­p­p­lica­nt­s w­it­h sim­ila­r fina­ncia­l cha­ra­ct­erist­ics a­nd­ cred­it­ hist­o­ries. P­la­int­iffs so­ug­ht­ injunct­ive relief, a­ct­ua­l d­a­m­a­g­es, a­nd­ p­unit­ive d­a­m­a­g­es.

U.S. D­ist­rict­ Co­urt­ Jud­g­e Ruben Ca­st­illo­ cert­ified­ t­he P­la­int­iffs’ suit­ a­s a­ cla­ss a­ct­io­n o­n June 30, 1995. Buyck­s-Ro­berso­n v. Cit­iba­nk­ Fed­. Sa­v. Ba­nk­, 162 F.R.D­. 322 (N.D­. Ill. 1995). A­lso­ o­n June 30, Jud­g­e Ca­st­illo­ g­ra­nt­ed­ P­la­int­iffs’ m­o­t­io­n t­o­ co­m­p­el d­isco­very o­f a­ sa­m­p­le o­f D­efend­a­nt­-ba­nk­’s lo­a­n a­p­p­lica­t­io­n files. Buyck­s-Ro­berso­n v. Cit­iba­nk­ Fed­. Sa­v. Ba­nk­, 162 F.R.D­. 338 (N.D­. Ill. 1995).

T­he p­a­rt­ies vo­lunt­a­rily d­ism­issed­ t­he ca­se o­n M­a­y 12, 1998, p­ursua­nt­ t­o­ a­ set­t­lem­ent­ a­g­reem­ent­.
P­la­int­iff’s La­w­yers A­lexis, Hila­ry I. (Illino­is)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Child­ers, M­icha­el A­llen (Illino­is)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Cla­yt­o­n, Fa­y (Illino­is)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Cum­m­ing­s, Jeffrey Irvine (Illino­is)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Lo­ve, Sa­ra­ No­rris (Virg­inia­)
FH-IL-0011-9000
M­iner, Jud­so­n Hirsch (Illino­is)
FH-IL-0011-7500 | FH-IL-0011-9000
Oba­m­­a­, Ba­r­a­ck H­. (Illinois­)
FH-I­L-0011-7500 | FH-I­L-0011-7501 | FH-I­L-0011-9000
Wi­ckert­, J­o­hn­ Hen­ry­ (I­lli­n­o­i­s)
FH-I­L-0011-9000

This from the NY Post:

T­HE seed­s o­­f t­o­­d­a­y’s fina­ncia­l melt­d­o­­w­n lie in t­he Co­­mmunit­y R­einvest­ment­ A­ct­ - a­ la­w­ pa­ssed­ in 1977 a­nd­ ma­d­e r­isk­ier­ by unw­ise a­mend­ment­s a­nd­ r­eg­ula­t­o­­r­y r­uling­s in la­t­er­ d­eca­d­es.

CR­A­ w­a­s mea­nt­ t­o­­ enco­­ur­a­g­e ba­nk­s t­o­­ ma­k­e lo­­a­ns t­o­­ hig­h-r­isk­ bo­­r­r­o­­w­er­s, o­­ft­en mino­­r­it­ies living­ in unst­a­ble neig­hbo­­r­ho­­o­­d­s. T­ha­t­ ha­s pr­o­­vid­ed­ a­n o­­pening­ t­o­­ r­a­d­ica­l g­r­o­­ups lik­e A­CO­­R­N (t­he A­sso­­cia­t­io­­n o­­f Co­­mmunit­y O­­r­g­a­niz­a­t­io­­ns fo­­r­ R­efo­­r­m No­­w­) t­o­­ a­buse t­he la­w­ by fo­­r­cing­ ba­nk­s t­o­­ ma­k­e hund­r­ed­s o­­f millio­­ns o­­f d­o­­lla­r­s in “subpr­ime” lo­­a­ns t­o­­ o­­ft­en uncr­ed­it­w­o­­r­t­hy po­­o­­r­ a­nd­ mino­­r­it­y cust­o­­mer­s.

A­ny ba­nk­ t­ha­t­ w­a­nt­s t­o­­ expa­nd­ o­­r­ mer­g­e w­it­h a­no­­t­her­ ha­s t­o­­ sho­­w­ it­ ha­s co­­mplied­ w­it­h CR­A­ - a­nd­ a­ppr­o­­va­l ca­n be held­ up by co­­mpla­int­s filed­ by g­r­o­­ups lik­e A­CO­­R­N.

In fa­ct­, in­timidatio­n­ tactics, pu­b­lic ch­ar­ge­s o­f r­acism an­d th­r­e­ats to­ u­se­ CR­A to­ b­lo­ck­ b­u­sin­e­ss e­xpan­sio­n­ h­av­e­ e­n­ab­le­d ACO­R­N­ to­ e­xtr­act h­u­n­dr­e­ds o­f millio­n­s o­f do­llar­s in­ lo­an­s an­d co­n­tr­ib­u­tio­n­s fr­o­m Ame­r­ica’s fin­an­cial in­stitu­tio­n­s .

T­he Wo­o­ds F­und rep­o­rt­ m­a­kes i­t­ clea­r O­ba­m­a­ wa­s f­ully a­wa­re o­f­ t­he i­nt­i­m­i­da­t­i­o­n t­a­ct­i­cs used by A­CO­RN’s M­a­deli­ne T­a­lbo­t­t­ i­n her p­i­o­neeri­ng ef­f­o­rt­s t­o­ f­o­rce ba­nks t­o­ susp­end t­hei­r usua­l credi­t­ st­a­nda­rds. Y­et­ he suppor­t­ed T­al­b­ot­t­ in­ ever­y­ con­ceivab­l­e w­ay­. He t­r­ain­ed her­ per­son­al­ st­af­f­ an­d ot­her­ aspir­in­g­ ACOR­N­ l­eader­s, he con­sul­t­ed w­it­h her­ ext­en­sivel­y­, an­d he ar­r­an­g­ed a m­ajor­ b­oost­ in­ f­oun­dat­ion­ f­un­din­g­ f­or­ her­ ef­f­or­t­s.

An­d, as t­he l­eader­ of­ an­ot­her­ char­it­y­, t­he Chicag­o An­n­en­b­er­g­ Chal­l­en­g­e, Ob­am­a chan­n­el­ed mo­­re­ fun­­din­­g T­alb­ot­t­’s way­ - ost­e­n­­sib­ly­ for­ e­ducat­ion­­ pr­oje­ct­s b­ut­ sur­e­ly­ suppor­t­iv­e­ of ACOR­N­­’s ov­e­r­all e­ffor­t­s.

This man should never be allowed to hold any public office every agian much less be President. He is nothing more than a criminal thug who should be ostracized. Obama was just part of a organized crime ring in Chicago disguised as a community redevlopmet orgianization. He will destroy our country.

Rezko Is Sqealing

Barak Obama's friend, mentor, former chief fundraiser, and all around partner in he's crimes had his sentencing put on hold. He seems to be turning stool pigeon and naming names. Of course you wont hear anything about this, as it shines a negative light on Obama, just like demanding answers about his being mentored by Terrorist Bill Ayers, and his involvement in the massive cases of voter fraud perpetrated by the socialist group ACORN are just "distracting" the voters. What is this piece of excrement trying to hide from the American people? Why wont he release documents concerning he's past work with ACORN, Bill Ayers and Tony Rezko? These type of issues are what show a mans character. But most importantly it shows what kind of people he will have in mind for his cabinet as well as life time judicial appointments. There is an old saying, "you are the people you keep". The people Obama has kept seem to be liars, thugs, thief's, and profiteers. It's time for the media to get their noses out of Obama's ass crack and do the job they are charged to do, ask these questions. And if he refuses to answer, find the answers.

This from the AP and the Greenville News. (And please notice that there is no mention of the millions of dollars that this scumbag raised for Obama.)


Oct 8, 10:20 AM EDT

Federal judge grants delay in Rezko sentencing


CHICAGO (AP) -- Convicted political fundraiser Tony Rezko's sentencing is officially on hold in Chicago.

U.S. District Judge Amy J. St. Eve on Wednesday granted prosecutors' request to strike Rezko's scheduled October 28th sentencing date.

St. Eve set a status hearing for December.

Earlier this week, prosecutors filed a motion to delay the sentencing "while the parties engage in discussions that could affect their sentencing postures."

The request all but an acknowledges Rezko is talking to investigators about what he knows about corruption in state government.

He was convicted on charges of launching a $7 million scheme to use his clout with Governor Rod Blagojevich's administration to pressure a contractor and firms wanting to do business with the state for kickbacks.

© 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten

More "Great" Community Organizers In History

Here is a list of some other "great" community organizers the world has seen.

Adolf Hitler
Karl Marx
Benito Mussolini
Joseph Stalin
Jim Jones
Fidel Castro
Robert Mugabe
Idi Amin
Vernon Howell
Pol Pot
Charles Manson

Obama is in good company.

Sara Plain And Tall

http://elections.foxnews.com/2008/08/29/mccain-to-name-running-mate-on-friday/

John McCain has picked Alaska Governor Sara Palin as his VP pick. Palin's star has been rising in the republican ranks for a while now. This is not really a surprise, and will do nothing but help McCain in the run up to the election.

Not to mention that she is smoking hot for a 44 year old mother of 5. She will also make mince meat out of Biden on the issues in the debate. You can bet she will be ready.

More Bad News For The Dems

http://www.msnbc.msn.com/id/26436824/

Coming off of the most uninspired, boring convention to date, the bad news just keeps coming for the dems.
The economy grew last quarter, and this is not good for Democrats. Like a successful surge in Iraq, the dems know that they cannot hang there hat on succsess so they have to hope the economy stays shitty, and that more Americans start losing there life in Iraq. They are the party built on "we already lost the war" and "we are heading toward a economic depression". So if the economy is growing, and we are having success in Iraq were does that leave the dems? Apparently at least dead even if not a couple of points behind McCain. Which is unprecedented during a convention. History and conventional wisdom has always shown a "bump" in the polls during a candidates convention. The tracking trends I have looked at show McCain trending upward and The Obama stagnating to say the least. Of course we will have to wait until after he appears and speaks tonight for a clearer picture. It's great timing for him as well, as college football starts tonight, and of course no one has any interest in that. The real campaign begins tomorrow, when it is expected that McCain will announce who he will nominate for veep. I'm betting on a hard core right wing surprise, anti abortion, pro military, pro economic growth, pro gun, hard ass son of a bitch, to get the base excited going into the twin cities. The thought of Lieberman is laughable, but he is going to need someone who can stand toe to toe, and spank Biden in the arena of ideas during the debate. Will see.

Shalom and Mahalo

Interesting Take On the Surge

http://www.usnews.com/blogs/capital-commerce/2008/8/5/how-general-petraeus-saved-the-us-economy.html


This is an interesting piece on the surge in Iraq. You have to look for it, but there is a lot of good news coming out of Iraq. Of course Nancey, and Harry are sweating bullets, because they have already anounced that the war was over and we lost. Because of this, the democrates can no longer be trusted with the sercurity of the United States.

Buying Votes

Obama's plan to steal money from the oil companies to hand out, as stimulus is little more than vote buying and should be treated as such. So far the only plan that I have seen from puddin head to lower the price of gas, would be to systematically raise the price of gas. He wants to add more taxes to the oil companies so called "windfall profits". This amounts to nothing more then a tax on the poor and middle class. Obama is playing the class envy card when he talks about a windfall profits tax. It makes the middle class and poor think "yeah brother Obama is sticking it to the "man", the rich man, the man who is bringing us down". Well as it turns out, it is "the man" that does all the hiring in this country. And the man is also small business owners just trying to make ends meet. What apparently this Harvard graduate does not realize is, and let me say this as loud and clear as possible, ahem: CORPERATIONS DO NOT PAY ANY TAXES WHAT SO EVER, THE CONSUMER PAYS ALL TAXES ON GOODS AND SERVICES! So when Obama talks about a windfall profit tax for evil mean ol oil companies, just know that he is talking about a tax on the poor and middle class. Also keep in mind corporations are not just rich bloated executives in suits. For every executive there are millions of people working for Big whatever, trying to raise there kids and earn a living, so that they may be able to retire before they drop dead. And when the government fucks with the people at the top the shit tends to role down hill and the real people are the ones to get hurt.

There Plan Is Working

http://www.nytimes.com/2008/08/02/business/02econ.html?bl&ex=1217908800&en=8cf38e35a8549324&ei=5087%0A



The lefts plan to undermine the economy is moving along just fine. It has been announced that the jobless rate in this country has just risen to 5.7 percent. What you wont hear from the media though, is the reason. It was during this time that another Kennedy minimum wage hike went into affect. Having worked in minimum wage jobs for many years back in the day. I know first hand what the effect is when an arbitrary number is just thrown out as a minimum wage. First people lose there jobs, and usually it is the people who most cannot afford to, people who more times than not are making more than the minimum. Second, prices have to be raised, across the board.

The problem is, the left is well aware of all of this, and seems to find joy in it. It does not matter to them if lives and family’s get ruined as long as the left can stick it to "big business" (for the most part though it is the small entrapanour business owner that is hurt the most.) and if they feel like it will get them a point or two in the polls.

One of the questions we should ask ourselves as we ponder the up coming election is, why does the left hate the poor, and why are they doing everything within there power to keep them that way? As well as, how bad will it get when they have complete power over the legislative and executive branches of government?

The Obama Times

For anyone out there who still beleves the fairy tail that the New York Times is an actual news orginazation this should set you straight.

This from FOX News.

"The New York Times last week blocked an opinion piece submitted by John McCain to the newspaper shortly after it printed a piece by his Democratic rival, Barack Obama, McCain campaign officials confirmed to FOX News on Monday.

Obama’s piece detailed his plans for Iraq and Afghanistan. While McCain’s proposed piece also discussed Iraq, The Times told McCain’s advisers that it would not accept the op-ed in its current form because it did not offer new information. Obama’s speech previewed a series of speeches leading up to a highly publicized trip to war zones in the Middle East.

“It would be terrific to have an article from Senator McCain that mirrors Senator Obama’s piece,” Times op-ed editor David Shipley wrote the campaign via e-mail, The Drudge Report first reported on Monday.

“I’m not going to be able to accept this piece as currently written,” Shipley said in the e-mail late Friday.

Drudge reported that Shipley also said: “The Obama piece worked for me because it offered new information (it appeared before his speech); while Senator Obama discussed Senator McCain, he also went into detail about his own plans.”

The McCain campaign confirmed McCain’s side of the story, and issued a glancing statement regarding the matter.

“John McCain believes that victory in Iraq must be based on conditions on the ground, not arbitrary timetables. Unlike Barack Obama, that position will not change based on politics or the demands of the New York Times,” McCain spokesman Tucker Bounds said."

"FOX News’ Shushannah Walshe contributed to this story."

I guess the tantrums from the socialist left about the fairness docturn is just another shallow pool.

The New York Times lost it's credibility years ago this is just another nail in the coffin of traditional "news media"

It is clear now that there will be nothing negative said about Obama in the main stream media. He has become Caligula like in his boldness. He knows no matter what he says, no matter how many different postions he takes on the same issue, no matter how many times he screws up about some historical fact (The bomb that was droped on Pearl Harbor), he will be protected by his deciples in the media. They have an agenda, and the facts are not gonna get in the way of fulfilling the desteny that is the Barack Obama.

One thing is for certain, Puddin Head Kenta has promised (acording to his on platform) to distory this country economicaly, and start the US on a downward sprial of europian socialism that we may never peacefully reverse.

Where Is The Outrage

This from the Wall Street Journal:

"Give Senator Christopher Dodd credit for nerve. On Tuesday, the very day he finally admitted knowing that Countrywide Financial regarded him as a "special" customer, the Connecticut Democrat also announced that he was bringing to the Senate floor a housing bailout sure to help lenders like Countrywide.


How much will Countrywide benefit from Mr. Dodd's rescue? The Senator's plan allows mortgage lenders to dump up to $300 billion of their worst loans on to taxpayers via a new Federal Housing Administration refinancing program, provided the lenders are willing to accept 87% of current market value. The program will be most attractive to lenders and investors holding subprime and slightly-less-risky Alt-A loans made during the height of the housing bubble in 2006 and 2007.

As the market leader during that period, Countrywide originated $167 billion of such loans, more than 11% of the nationwide total, according to Inside Mortgage Finance. Analyst Fred Cannon of Keefe, Bruyette and Woods estimates that the company is still holding more than $30 billion in subprime and Alt-A loans on its books, based on the company's most recent quarterly financials.

Even for the loans Countrywide has already packaged and sold, the company would still benefit from the bailout. That's because Countrywide continues to service the loans, and every loan that goes bad means increased costs for the servicer.

Those mortgage loan sales also typically come with a guarantee that Countrywide will buy back the loans if it turns out they were fraudulent. The more loans that fail, absent a federal refinancing, the more investors will be digging into the details of these stinkers and tossing them back to Countrywide. Mindful of the looming danger, in the first quarter of this year Countrywide increased by 46% its reserves to cover these so-called "rep-and-warranty" agreements.

What's more, the company is holding $34 billion in home equity loans, which are even more risky than the mortgage loans, and typically result in 100% losses for the lender if a borrower defaults. The Dodd bailout will make it more likely that Countrywide gets some recovery from the worst of these loans because the mortgage holder will need to negotiate a settlement with the owner of the home equity loan before participating in the federal bailout.

If borrowers and lenders take full advantage of this new federal program, and Countrywide loans go south at roughly the same rate as those from other lenders, this suggests a potential taxpayer bailout of more than $25 billion for Countrywide-originated loans. Even if the losses turn out to be far less, why should taxpayers do anything to help a company that did so much to foment the mortgage mess?

Meanwhile, Mr. Dodd continues to insist that, though he knew he was a "special" Countrywide customer, he didn't think he was getting any special financial benefit. But a $75,000 reduction in mortgage payments is no small matter for anyone living on a Senate salary of $169,300. Why else would he be known around Countrywide as a "Friend of Angelo" – Angelo being Countrywide CEO Angelo Mozilo.

Yesterday, nine Senate Republicans led by South Carolina's Jim DeMint sent a letter asking Majority Leader Harry Reid to delay consideration of Mr. Dodd's housing bailout bill in light of its benefits for Countrywide – and Countrywide's benefits for Mr. Dodd. That's an excellent idea, in addition to a Congressional and Justice Department probe of Countrywide, Fannie Mae and the favors they seem to have spread around Washington. American taxpayers need to understand more about who they're being asked to bail out here, and why."

Where is the outrage? Why isn't Harry Reid demanding hearings about this? Chris Dodd is in the pocket of "big mortgage" and he gets a pass?

I as an American citizen demand that all of Chris Dodds assests as well as his fameilys be frozen, his passport revoked, and he be incarcerated with out bail until such time when he can be put on trial and found guilty of excepting bribes in return for political favors. Outrageous. Harry Reid should resign his leadership post as well as his senate seat, and I mean yesterday. He and the rest of his ilk are scum who have absolutly no right to pass laws which effect the country.

When will the American people stand up and say enough is enough and demand an end to the corruption that seems to be running rampit on both side of the isle?

68 Redux

Boy I can't wait for the Democratic convention this summer. Al Sharpton has already said he is going to mobilize and disrupt it if brother Barack is not crowned by the Super Delegates. And check out these freaks www.recreate68.org (link in title above). And boy don't you know they (the super delegates) are sweating bullets. Crazy Howard has given them the ultimatum to declare by June. But no one in the party seems to take him seriously about anything. But what are they to do? Will they give it to Obama and risk political suicide, and possibly a suspicious death at the hands of some Klinton Inc. thugs? Or do they hand it to Hillary, and risk political suicide, and piss off their bread and butter wackos and special interest groups. They know that they can’t win the White House either way.

So now it’s about whom they need more, African Americans, or Chicks. Poor uneducated white people or over educated rich snots. Who ever the Dems crown the winner, someone is going to be pissed off.

Which should make for good TV this summer. Most of what I know about the 68 Chicago Democratic Convention is from first hand accounts that I read from Hunter S. Thompson. And to me he is the gospel authority. It would be a fitting tribute to the man if this year we see riots in the streets, tear gas being shot, water cannons blasting people, and police knocking heads considering the convention will take place a mere 150 miles from Owl Farm.

Ah, one can only hope. Thank goodness for C-SPAN.

The African Qustion

George W. Bush has wasted more money in Africa than any sitting president to date. And that is saying a lot considering his predecessors. Remember back in the 80’s when it was hip to get a bunch of rich musicians together to record songs about starving Ethiopians? They raised a bunch of money also. And much like our own government, at the end of the day the money, once allocated could not be accounted for.

I have read that for every dollar in aid sent to an African country, up 99 cents is put directly in the pocket of some warlord or corrupt ruler. Why then should we continue to waste money in this bottomless pit of despair? Because this is the United States, we are Americans and this is what we do. And more importantly it is a politically necessary.

Dub’ya has spent more than Bubba. Bubba spent more than Daddy Bush, Daddy Bush spent more than The Gipper, The Gipper spent more than the Peanut Farmer and McCain will spend more than Dub’ya. And for all the good this money does we could have just used it as toilet paper, flushed it and got a better use out of it.

It is still hip for famous people to try and help Africa. Bono, Angelina and Brad, Madonna, and the names go on and on. Bono is probably the most sincere about it. His debt relief proposals are sound. Besides why hang tons of debts on countries that will never be able to pay it back because of their insistence on staying in the dark ages? But most just use the plight of the African continent as a backdrop for self-promotion. Or in Madonna and Angelina’s case, use African orphans like Gucci bags, just accessories to be used for photo ops.

Between the constant wars, famine and the AIDS epidemic, the Dark Continent will suffocate under it’s on weight within a few decades. And no amount of money will help this. But we will still send it because this is the United States, we are Americans and we will try to help, no matter how futile the cause.

Jeremiah Wright

Undoubtedly you have heard the quotes from Obama’s “spiritual mentor”. The questions are will these hate filled diatribes hurt him, and how badly. In a lot of ways I feel he should embrace these comments and not shy away from them. Why you ask? Well if you read and listen to the rhetoric from the mainstream organizations of the Left like Code Pink and Move On you will hear astounding similarities in what they and the preacher have to say. And these are the people Obama (and Hillary for that matter) have to woo and win over if they want to be El’ Presidenti.

But alas, this has been the problem for the democrats for a long time. Not being able to say what they really feel in there heart. The last one who did this was Mondale, when he said he would raise taxes. Of course we know how that turned out.

Deep down inside I have a feeling that both Obama and Hillary are seething to just come out and defend what the preacher said, because it is what they and the rest of the left believe.

Who Won? Who Knows?

If you would have told me this past November John McCain in all likely hood was going to be the nominee for the republicans I would have laughed in your face. Of course he didn’t do to well in the south. And like I have said before you are not allowed to be President unless we in the south say so.

The picture is not so clear on the democratic side. Obama had a decent showing among cracker men, (aka honkies, aka “the man”) especially in the south. If it wasn’t for the Latino vote the night would have been a disaster for Clinton. I have not seen a truly accurate delegate count, but it looks like the difference is going to be about 150 to 200 in Hillary’s favor. Not a lot coming out of Super Tuesday, and nothing Obama cant over come.

No Soup For You Tuesday

Tomorrow is the Super Bowl for political junkies. I’m still not convinced we will know whom the nominees are going to be come Wednesday morning. But it’s going to be fun watching the talking heads in the media cream their pants trying to figure out whom the frontrunner will be.

According to a friend of mine who keeps up with the polls more than I do California is totally up in the air. This is not surprising of course. This is the biggest of battle ground states. http://www.usaelectionpolls.com/2008/california.html

According to some polls I have looked at Clinton and Obama are in a statistical dead heat. And on the Republican side Romney has a slight edge. In both cases it looks like it will come down to the undecided voters.

I still remain hopeful that we will be swallowed up by a black hole between now and November, so that we may be spared the indignity of having to choose between two idiots who want control of our great nuclear arsenal.

Is The Fix In?

Man, I don’t think Hilary has been spanked like she was in the South Carolina primary since that steamy night in Arkansas when Bill finally got his sausage stinky inside her leathery inflamed labia.

I have to say I was surprised, not that Obama won, but his margin of victory. Hopefully this momentum will follow him to Super Tuesday.

Florida is another matter, it is estimated that over 40,000 votes have already been cast, most of them I would imagine for Clinton. I haven’t seen any raw numbers from Florida, hopefully there are still a good number of uncommitted voters down there who will use the SC victory as a factor and give Obama the win.

Of course this is Florida and as we know from recent history, the citizens can be, to put in as nice of words as I can, MORONIC F#&%ING IDIOTS WHO WOULDN’T KNOW THEIR HEAD FROM THEIR ASS MUCH LESS FIGURE OUT HOW TO PROPERLY CAST A BALLET.

With that said I hope the Obama camp has plenty of pole observers and some good lawyers on retainer, because Clinton has to win Florida, and I’m sure she will do anything to do just that.

The Debate/R-Kelly

Only caught bits and pieces of the debate, I had to run house lights at the BLC for the R-Kelly concert. I am disappointed that he didn’t do his sonnet "Trapped In A Closet"; if you haven’t seen the video I highly recommend it. Other than that not much of a show to speak of.

I'll try to catch the repeat of the debate on the movin picture box tonight. If anyone else caught it, tell me what you thought.

OK here's what happend..........

I think what happened in New Hampshire was a combination of two things. The first thing is, Madam Clinton's staged crying outburst had some affect on New Hampshire's women folk. Second, the people of New Hampshire got tired of every news organization telling them who they were going to vote for. New Hampshireites have always had a long history of delusional thinking, by telling themselves that they are politically important. The reality is of course.....they're not. There importance is manufactured by the date they hold the primary. They are first. So yes every chump with presidential aspirations will be seen shaking hands with every person at every diner in the state.

The real primaries will start in my state of South Carolina and the Union strong hold of Michigan. I also don't by this crap that the nominees of both parties will not be decided until the conventions. This is just wishful thinking by the media.

I think both parties will see a clear front runner by the time Super Tuesday rolls around. But that does not mean that the "also rans" will give up, especially on the Republican side. It's still realistically a 5 way race there. For the Dems it looks like a two way race between Clinton and Obama.

Right now the only prediction I can make is that Edwards will throw his support toward Obama when he runs out of money, which should be just after the South Carolina fight.

I'm hoping that my partner in political philosophy Jeff and my self can make it to a number of candidate speaking engagements during the run up to the SC primary. If so, we will give you full reports.

Let the games begin
Ma halo.