Thursday, March 12, 2009

Don't blink, Democrats might have paused on spending your money

Perhaps the most stunning news to be announced since President Obama won the election has just been made. It has nothing to do with global warming, creating green energy, or nationalized healthcare. It has nothing to do with the growing problems with China, Iran, or Afghanistan. But it does deal with the monumental spending that has occurred since the beginning of the year.

For the first time since Democrats have overtaken the Congress there is going to be some restraint in the spending spree. Yes, that is shocking. Said by House Speaker Nancy Pelosi herself, the Democrats might not spend even more money just because they can. Amazing.

This of course is in reference to the possibility of a second stimulus package (the first best described as the ‘Obama gift to liberals’). The mere concept of which denotes the complete failure of the first Obama stimulus package.

“I really would like to focus on the first one," Pelosi told reporters. "I think it's important that the American people and the Congress of the United States have confidence in the recovery package that we have passed.”

Yes confidence. Like the confidence that Representative Barney Frank, Chairman since 2007 of the Financial Services Committee – which he has been part of since 1981, had in Fannie Mae and Freddie Mac

“Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee since 2007, characterized Fannie Mae (Stock Quote: FNM) and Freddie Mac (Stock Quote: FRE) as "fundamentally sound financially" at a hearing in September 2003, as the two entities went through major accounting scandals. Frank also said he didn't want "the same kind of focus on safety and soundness" on Fannie and Freddie as other financial firms and preferred to "roll the dice a little bit more" to support subsidized housing.”

Or the confidence of Senator Chris Dodd – member of the Senate Banking Committee for 25 years and Chairman since 2007 –

“Sen. Chris Dodd (D-Conn.), chairman of the Senate Committee of Banking, Housing and Urban Affairs since 2007, called Fannie and Freddie "one of the great success stories of all time" at another hearing in 2004, noting that they brought homeownership levels up to 70% of the American populace. As recently as last July, Dodd called the two entities "viable" institutions that were "fundamentally, fundamentally strong."

Or the confidence you might feel when President Obama states that his economic plans (blunders in my mind) will “save OR create 3.5 million jobs”[emphasis added by me]. A statement that is factually impossible to prove. In addition to being polispeak for ‘my ass is covered no matter what happens’ – in my opinion.

The confidence these critical lawmakers display is awe inspiring, if you happen to be an anarchist or stock market bear. This is especially true when you consider that Democrats waited for a Democrat President to be in office before spending $410 billion on keeping the Government afloat – including 9000 earmarks that President Obama directly stated in his campaign to be elected would be checked line by line to avoid wasteful spending.

Yes you can feel very confident that either President Obama lied to the American public, is impotent before a Democrat led Congress, or that both the President and Congress just don’t care how much they spend as long as they can get everything they have wished for in the past 30 years - to the tune of $3.5 trillion just for this years budget.

What else could explain the $787 billion dollar stimulus package that neither stimulates new businesses, encourages job growth, nor provides an incentive for Americans to buy anything. But that same package does wonders for just about every liberal goal and social engineering agenda you can name.

But it seems that for the moment Democrats have paused on the all-out spend at every turn mentality that is the hallmark of the Obama Administration so far. I feel as if I just won the lottery.

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Friday, March 06, 2009

Neil Cavuto dicusses the economy on the O' Reilly Factor

Neil Cavuto is a smart guy. There just isn’t a question about that. When it comes to the economy and stock investing, Bill O’ Reilly is out of his league. That was perhaps never more apparent than in the following video of the O’ Reilly Factor.

But the biggest thing I found in this video clip is the fact that President Obama has lied to the American public. And he is getting away with it.

President Obama stated he had a plan for the economic crisis back in late November, but we have yet to hear it. He stated that he would cut wasteful spending, yet he is approving of a spending bill with 9,000 earmarks. He stated that he would only go after the rich, yet his stimulus package excludes those over $75,000. And he stated that he would be open to comments and thoughts, yet he is actively ignoring the stock market and unknown numbers of investors.

President Obama has an agenda. He had it before the economic crisis, and before the election. He continues to follow thru with that agenda, even as it costs tens of thousands of jobs and the retirement of millions of Americans. That should concern more people than it is.

Neil Cavuto may seem harsh, or grim as O’Reilly states, but in fact he is being honest. I learned a long time ago as a stock broker, that is the least liked response. Even when you are dead-on correct.

When I spoke about the problems of Citigroup over a year ago, I was told I was stupid. When I discussed more than a year ago my fears for the economy, I was told I could not understand the big picture. Look it up, the facts are in black and white. So I understand how Cavuto feels.

The fact is that President Obama has neither given a reason, nor a soundbite to encourage investment in the market. He has ignored the well-being of millions of Americans today, with the promise of a better future for some in the unknown future. And according to polls right now, the public loves him for it.

People hate Bill O’Reilly when he points out the short-coming of President Obama. People hate Neil Cavuto for pointing out the ineffectiveness of the economic plans of Democrats right now (and Republicans when they were in office). And people just tell me they hate me of a list of reasons, avoiding any commentary on what I have actually said and/or gotten right.

What does that say about America? That we are so busy drinking sand and hiding our heads that reason is beyond us. The people that are going to pay for this is more than just homeowners like myself that are paying their bills and soon to be paying those of others. Our children, and soon their grand-children will be paying for the agenda of President Obama and the Democrat-led Congress.

I hope that President Obama saw this video, if not the actual program. I hope people around the nation saw this. Because at some point the Government needs to act as if they have a concern.

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Wednesday, March 04, 2009

Designer babies - the first step towards destruction

In yet another example of things that can be done, but shouldn't, I offer the recent revelation that babies can now be made to order. Or at least one fertility clinic is touting that as its sales pitch.

Some may question the predictability and efficiency of the claims of this fertility clinic, but I don't think that matters. The question is not can it be done now or not, but if it should be done at all. I stand firmly against the idea. It's an abomination at every turn.

Basically what is being offered is the ability to choose the hair and eye color of an unborn child. Now that the cat is out of the bag, the next logical step is someone offering to guarantee the genetic purity of a child. Or that they can ensure that the child is superior to other kids in various criteria.

Sound familiar? It sounds exactly like the misbegotten warped and repugnant ideals of the Nazi Party.

As we have moved forward with out ability to alter genes and manipulate stem cells we have moved closer to giving some fool the potential to try to create a 'master race'. The fact that we don't understand all the things we can manipulate, nor their long-term repercussions on humanity has not hindered some scientist from trying anyway. The line between science fiction and outright insanity is getting more blurred by the day.

If we can pre-select the eyes and hair of a child, why not their color? Or their height? Maybe give them a better aptitude for learning, or art. Hell, why not design the child to be a fantastic scientist or business leader. Of course this will cost money. So only a very narrow group of people in the world will have this option. Until one day the Government (any government) decides to help out the poorer part of its nation.

Yep, then we get government sanctioned changes. Of course they might also slip in a tendency to be less intelligent, or more servile, or weaker. Not like the common person will ever understand enough to know if it's being done. Not like governments have never experimented on the populace (various Nazi experiments on Jews in WWII and the Tuskegee Experiments in the U.S. as just 2 examples of this in the last 60 years).

But this is all fiction, I'm just being extreme. Just like being able to pick the eye color of your kids was, until someone found a way to do it.

Yet there is another side to this dilemma. We don't know what the hell we are doing. Yes someone can figure out a way to change this or that. But we don't know why nature doesn't make that same choice.

Perhaps in giving the masses red hair (as an example) we are also dropping the ability to fight off a strain of the flu, or some other disease that right now affects no one. Suddenly a minor bacteria that has existed as long as we have becomes a life threatening foe to the prolonged existence of humanity.

Maybe we will activate recessive genes we have yet to identify and understand, that cause these manipulated beings to die of heart attacks or brain aneurysms by the time they hit 30. Or that they become infertile after age 25. Or that their kids will have these problems.

Let's go further into the science fiction that does not exist today, yet. Why not mass produce these kids to create armies. Something like a cross between the clones in Star Wars and the troops of Soldier. Unfeeling, barely human, super creatures that have one purpose - and that no one cares about because they aren't human. Until the day they care. Or something goes wrong.

All of these options are probable. In fact they all might happen together, or one after another. And worse things are equally possible. Why not remove the ability of any race you dislike from being able to procreate. Why not eliminate any child not up to the standards of the day. Don't consider that you could be destroying, or preventing, a genius like George Washington Carver, Albert Einstein or Stephen Hawking because of their looks, weaknesses or ethnic backgrounds.

Yes it all sounds like a bad dream. I'm just ranting about nothing. It will never happen. Just like no one ever tried to make human clones - oh wait, they have. Well, its not like we have ever made a drug that turns out to be deadly to the user because we did not know what could happen down the road - oh wait, we have. Well at least mankind has never created anything that was supposed to be beneficial that has been turned into a weapon of mass destruction - need I say it again, we have.

The only difference between sci-fi and reality is time and effort. Given the stakes of determining the progeny of the human race, effort is not a question.

This is not something we should do. This is something that must be banned. No matter how innocent it seems today, the result in the future will only harbor pain to us all. And I say again

"Just because we can do a thing, does not mean we must."

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President Obama thinks stock market is a good deal he doesn't care about

There is nothing like watching the daily polispeak dance that politicians like to do. It is especially interesting when the dance is being done by the President. Few Presidents are as skillful with polispeak as President Obama, which says a lot.

I mean just look at how President Obama has handled the complete meltdown of the stock market. The Dow Jones Index, along with virtually every stock on any exchange, have nosedived down a vortex nearly every day since he was elected. But this is considered merely “day-to-day gyrations” that are of no consequence.

An almost total freefall, some 26% since the first trading day of 2009, is a minor happenstance. This is hardly worth talking about in the view of the President. And if you must speak about it, it is all the fault of the prior administration.

Of course President Obama started talking to the markets and the nation months before he was inaugurated. He was dictating economic policy and outlining his initiatives well over 60 days before he was sworn in. And he has effected economic policy changes as well as given somewhat direct guidance on what steps he plans to take in these troubled times. But the current effects on the economy have nothing to do with his Administration.

I mean let’s just look at what he has done so far.

His Secretary of Treasury has gotten the remaining $350 billion dollars from the Bush mortgage bailout. There has been no word on how that money is going to be spent, if it has not been already, but he has the access to it.

He let the Democrat-led Congress loose on a stimulus package that swelled from the day he was elected (then a mere $50 billion dollars) to the final passage of $787 billion dollars. The package is all money borrowed from the nation to be repaid by taxpayers with interest in the future. But everyone who receives a paycheck will be able to make an extra $13 a week for 4 months – if they are under the class of rich which is $75,000 for individuals.

But besides the non-lump sum of $400, the public is also paying for honey bee research ($100 million), and moving Government Agencies at $500 million a move, and research to find a way to create usable green energy (~10 billion dollars - just to find a way to make it, not a dime to actually implement it since it does not exist and may not for a decade), and $100 million for moving fish barriers in mid-West rivers among hundreds of other spending programs.

All of this is to ensure that the roughly 500,000 people who were laid off from Circuit City and almost every other major private sector company in January alone will still have a job. I’m not sure how since I doubt most people have degrees in biology, physics, engineering, and so on, but he said it so it must be true.

President Obama also told the world that he was going to increase the tax on investments in the stock market. Because the fact that interest rates are too low to invest in bonds was not enough. Plus he intends to tax the hell out of those able to afford to invest. So you can understand why the world has rushed in to invest in our markets.

But in case anyone just wanted to hold onto their cash, President Obama is authorizing the Government to essentially take over banks. This way the Government can ensure that loans are made – as well as who will receive them (by the way, isn’t that part of the reason we are in this mess?). Plus the Government can be right on hand to wherever people are putting their money.

But lest you try to give away your money, to charity, the Government under President Obama has another answer. The taxes are to increase on donations. Thus you can give away all your money to a charity, and still owe the Government a huge sum of money. Because under President Obama the Government is smarter than the public and will decide where your money should go and who can receive it. Even though the Government can’t balance a checkbook and most of the public can.

Still just in case any money is not accounted for the Obama Administration has a plan. By increasing the cost of energy, like gasoline and electricity, with taxes they can scoop up more money. Even though this means the price of filling up a car, heating a home, buying food or any other consumer item will increase as well. But remember the Government gave everyone getting a paycheck an extra $13 dollars a week for 4 months to cover the cost of everything going up. If you make under $75.000 and thus not rich.

Yes, all of this. Yet the stock market has continued to sell off like a waterfall. Why should anyone be concerned. It’s not like the stock market is a forward indicator of the economy.

Still, just to cover his tracks, President Obama is now talking like he cares about the IRA’s, mutual funds, stock investments and retirement funds of tens of millions of Americans. He has now stated that “buying stocks is a potentially good deal”. Isn’t that great!

Oh I can see the crowds forming a line to just jump into the markets, with money left over from I know not where. Considering the prospects he has laid out, it’s easy to see how you can make all of 10% - before taxes and commissions – in about 2 years. That’s only a LOSS of maybe 20% after taxes and commissions. Why wouldn’t anyone want to get on that train.

And that loss should coincide perfectly with the $2 trillion in spending cuts President Obama plans to make, if he does not continue with his plans to spend $3.5 trillion on the national budget. Plus every projection he has made – that his own economists think are improbable – comes true exactly as he has stated they should.

Polispeak is a wonderful thing. Because after stating all these things, driving away investors and making every industry of business cringe, President Obama maintains a 64% approval rating. Just watch him dance

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