YouTube – Ranking Member Camp Presses Joint Tax Committee Staffer on Job Creation.
Let me get this… The Republicans are fiscally conservative this week. Where in the hell was your party’s fiscal conservatism between 2001 and 2009? Where was it when Bush proposed his first budget (before 9/11)? Let’s not forget that John Bohener voted for the first bailout package. It is snake-oil scumbags like him that are killing the Republican Party.
I am a true fiscal conservative. The Republican and Democratic parties are as fiscally conservative as the sun rising at midnight.
We need fiscal conservatism back while we still have a country. Running an additional trillion dollars in debt every year is not good for the economy. The video is correct in pointing out that no new jobs will be created with this bailout plan. If only the Republicans practiced what they are currently preaching.
I warned you. I have been warning you for years. Instead of listening to me, you decided to vote the way for Republicans and Democrats. I warned that the spending can not continue. You opted to vote for Republicans and Democrats because other parties “didn’t have a chance.” You opted to vote for one of the parties who can’t balance a budget. You voted for a party that believes that saving the middle class is to write a blank check to financial institutions, only to come back a month later because they need more money.
You voted for this shit. Eat it.
Fuck you! You DESERVE this Depression!
Filed under debt, Democrat, Election, Libertarian Party, McCain, media, Obama, politics, Republican, spending, taxes, Washington
I would like to apologize for going on hiatus when my work was needed the most. I have had a number of personal issues that required my time. I also had the misfortune of having my computer break down at the most inopportune time.
The “Vortex of Freedom” Radio Show will be returning this Saturday at its new temporary time – 10:00PM Eastern. I had an impromptu show last night on BlogTalk radio.
The 2008 Elections – Pardon Me While I Puke
I will give my insight to the 2008 elections and offer hard evidence into why America was duped once again by both parties and the corporate media.
Saturday 10PM Eastern Call-in number: 347-215-7969
Sometimes the Europeans are correct about Americans. Take the recent election for example. In spite of the fact that Congress had a 15% approval rating, an overwhelming majority of House members were able to win reelection. We tend to suffer from “battered spouse syndrome” when we vote. While we are able to recognize that Congress is seriously flawed, we deny that our representative is responsible for the ills in Washington.
The time to change the tide is now. We have to quit electing Democrats and Republicans if we want to restore what made our country great. I would like to see the third parties get together and join forces in fundrasing.
The sooner the facade that the two corporate parties represent mainstream America is exposed, the sooner we can save our country.
In the last month, it seems like every financial giant was on the verge of failing. Lines of credit began to freeze. There were claims that the financial world is about to crumble unless government acted. We were warned by President Bush, Treasury Secretary Paulson, and congressional leaders from both parties that if the government didn’t act, credit lines would freeze.
Last Monday (September 29), the House failed to adopt the bailout as was presented to them. The Senate added tax breaks for wooden arrow makers and rum producers to help the plan pass. After much arm twisting, the House passed the plan on Friday.
It is important to know that the financial sector throws in over $100 million in PAC money every year to both parties. Many financial experts have been saying that the bailout plan will do little for the economy. Buying bad debt will liquidate markets, but will not necessarily make it easier for small businesses to get a loan.
Credit lines were beginning to loosen on October 1, two days before the bailout bill was passed by the House and signed into law by President Bush. They started to tighten again as soon as the bill was passed by the House. Wall Street soon realized that the bill would not help most sectors of the economy and the bill would not do what it was intended to do.
What would have happened if Congress were to do nothing until after the election? Credit lines would have gotten tighter temporarily, until the banks had enough capital generated from the loans it was collecting from. The capital would have opened lines of credit because the banks need to give out loans to make money.
The media did not tell the consequences of a bailout: Since the treasury had to borrow money, it had to create $700 billion to loan to the financial sector affected by failing banks and corporations. The end result is inflation. Prices will continue to rise because the dollar is weakened because each dollar created by the treasury weakens the value of the dollars in the marketplace. Precious metals like gold and silver rose iin value, mostly due to a weaker dollar. The bailout bill did nothing to relieve what caused the root of the problem: Congress mandating banks take sub-prime loans. The government assured that the losses would be covered. Foreclosures were happening at a faster rate than the government was expecting and soon the banks had so many bad loans, they did not have liquid assets to offer loans for anybody else.
We need leaders. We don’t need people who react in a panic mode when something goes wrong. John McCain and Barack Obama both panicked and voted for the bailout package. This is not the leadership we need to get us out of the economic mess that government caused.
The radio show returns Saturday 9/20 at 11:00PM Eastern Daylight Time.
I will review what has happened in politics in the last two months as well as explain my whereabouts.
Call-in number is 347-215-7969
When will we learn? Will we learn at all?
Fannie Mae, Freddy Mac, and AIG should be a lesson for us all – too much debt can wipe you out in a bad economy. They needed major infusions of cash to save themselves.
The United States is currently running a $10 trillion debt. Who will save the United States if the government cannot pay off its debts? What will happen to American sovereignty? Why is the debt not being addressed by the media nor by the presidential candidates.
We need a balanced budget. The best way to balance the budget is to cut spending. Abolish or privatize all non-essential government services. The government will be fine limiting itself to constitutionally essential functions.