Well, McCain really has made a mess of this election today. He decided to go to Washington DC to work with the Congress and President and Treasury to wrap a deal to help stave off a fiscal nightmare for the country. In doing so, he has suspended his campaign - all ads, fundraising, and debate scheduled for this Friday.
Was it the right move? It was classic McCain, I give him that. He feels this is the RIGHT decision. I respect that. You have to respect that he feels it is THAT serious for him and the country. The flat out stupid statements that it was a 'political' maneuver; he wasn't prepared for the debates, or he was trailing in the polls, just amaze me. If anything, this could really hurt him with the election, may even cost him it. People who hate him, will attack him, saying he can't multi-task. Those who love him will say it was political courage.
I am in the middle. I respect him for the bold move, but I think he shot himself in the foot. The media will SAVAGE him. Will it work? Time will tell. McCain was proved right by basically standing ALONG supporting the surge, and we know how that is working today.
Is there enough time to turn it around? We shall see.
But, if this fiscal crisis is as important as they are saying, and predicting a DEPRESSION...shouldn't our elected officials be there in Washington DC working to find an answer? Doesn't Obama making 'speeches' and campaign ads while we are all on the brink of economic destruction look out of touch?
I just don't know....but we have really hit a crazy time in our nation's history. We could go either way. At this time, do you want someone like McCain or Obama? For me, the answer is clear....but for those who don't follow these events as closely, I think we know which way they are leaning.
Wednesday, September 24, 2008
Friday, September 19, 2008
Rough Waters Ahead
Hard to believe how quickly our economy and nation has lurched toward socialism. The Fed and Treasury have agreed to create a NEW funding agency to buy the unvalued mortgages that the investments companies now hold. They are estimating the cost to you and me, Joe Taxpayer, will be $1 trillion dollars.
Since when did we as a country look to government to bail out our industries? I know it has been done in the past, but this is unprecedented. The amount and scale of the government intervention is down right scary.
What started this entire mess? Freddie Mac and Fannie Mae. Both of these 'quasi' governmental agencies pushed and coerced banks into making terrible loans to people who they KNEW could not afford to pay them. Then they sold them to investment firms, who in turn sold them to other investment banks. The head of these 'agencies' left after making over $90 MILLION in 6 years. He is now advising Obama's presidential campaign. Another VP from these failed institutions was going to head up Obama's VP selection process. These 'agencies' were tools of the Democrats in Congress and back to President Bill Clinton to FORCE the financial industry to loan to those who couldn't afford the loans in the first place. If they did not, then would have the force of the Federal Government on the back and were being 'racist' in their denials of loans.
Not that the Republicans are much better. Many killed the Federal Housing Act of 2005 that John McCain went to the floor to support. Three years ago he told the Senate if they did not put into effect any enforcement of this issue, we would face financial turmoil. Amazing how RIGHT he was. However, those Republicans who got money and this administration looked the other way. When the housing market was booming, no one cared about the LONG term implications.
This is one terrible situation created by poor ethics, down right greed, politicans exhtorting the financial industry and down right aweful decisions.
We are in store for a very very rough ride. Even with this latest bailout, the cost to us is hard to wrap the brain around. The governmental debt is mounting, and someone will have to BAIL them out soon.
Hold onto your wallets.
Since when did we as a country look to government to bail out our industries? I know it has been done in the past, but this is unprecedented. The amount and scale of the government intervention is down right scary.
What started this entire mess? Freddie Mac and Fannie Mae. Both of these 'quasi' governmental agencies pushed and coerced banks into making terrible loans to people who they KNEW could not afford to pay them. Then they sold them to investment firms, who in turn sold them to other investment banks. The head of these 'agencies' left after making over $90 MILLION in 6 years. He is now advising Obama's presidential campaign. Another VP from these failed institutions was going to head up Obama's VP selection process. These 'agencies' were tools of the Democrats in Congress and back to President Bill Clinton to FORCE the financial industry to loan to those who couldn't afford the loans in the first place. If they did not, then would have the force of the Federal Government on the back and were being 'racist' in their denials of loans.
Not that the Republicans are much better. Many killed the Federal Housing Act of 2005 that John McCain went to the floor to support. Three years ago he told the Senate if they did not put into effect any enforcement of this issue, we would face financial turmoil. Amazing how RIGHT he was. However, those Republicans who got money and this administration looked the other way. When the housing market was booming, no one cared about the LONG term implications.
This is one terrible situation created by poor ethics, down right greed, politicans exhtorting the financial industry and down right aweful decisions.
We are in store for a very very rough ride. Even with this latest bailout, the cost to us is hard to wrap the brain around. The governmental debt is mounting, and someone will have to BAIL them out soon.
Hold onto your wallets.
Friday, September 5, 2008
Palin....Can She Make the Difference?
Sarah Palin has energized the Republicans. The Party has new life. But let's be honest, it is NOT fully cleaned of those corrupt forces. We need to get her to the White House. Her own party in Alaska doesn't REALLY like her. Obviously the Democrats fear what the result of her winning in November could mean. There is a lot at stake.
McCain still gives me reservations, but I come back to the fact of what I know about Sarah Palin. If he goes too far off the track, she WILL speak her mind. She will let be known that she does NOT agree. Sarah Palin will keep McCain focused and grounded.
The Republican Party has for SO long been looking for new and fresh faces and idea. Sarah is like us. She works extremely hard, works at having a wonderful family - no matter how we all sometimes fall off the track sometimes. She isn't one of the salon/latte drinking brains with a pedigree from Harvard or Yale. She just wants to make a difference. Dont' we already have too many intellectuals in Washington DC?
If you have not had a chance, please see her first major speech here: http://www.youtube.com/watch?v=vKgNrb3baNM&eurl=http://www.foundingbloggers.com/wordpress/
It was just flat out awesome. Her line about having an advocate for children with special needs brought me to tears. For the first time we have a REAL conservative who brings that unique perspective that only a woman can.
She was born around the time Reagan gave his famous Barry Goldwater speech in 1964. Some are making grand comparisons between the two. I can honestly say, there has been no one to this point that has stirred me in a similar fashion as Ronald Reagan. She has a great deal of work to do yet, but the potential is there.
I just hope a loss in November isn't fatal to her career. There are some country club Republicans and operatives who want to destroy and are actively undermining her. Funny thing is much of the rumors and lies where involving her own Party in Alaska. And you wonder why she fought corruption there?
The MSM is just angered they didn't get to 'vet' her like they did with all the other candidates. So they will work to destroy her.
I predict to you, if the Republicans want to recapture the Reagan years and 1994, Sarah Palin has to be involved. Also watch for Bobby Jindal Governor of Louisiana. My dream ticket is Palin/Jindal 2012.
McCain is the past. But you have to give him a tremendous amount of credit - he has given his party and the nation the future. Pat Buchanan said it best: "John McCain just took 2 shots of whiskey and landed his jet on the Golden Gate Bridge" when referring to the chance he took with picking Sarah Palin. Couldn't have said it any better.
McCain still gives me reservations, but I come back to the fact of what I know about Sarah Palin. If he goes too far off the track, she WILL speak her mind. She will let be known that she does NOT agree. Sarah Palin will keep McCain focused and grounded.
The Republican Party has for SO long been looking for new and fresh faces and idea. Sarah is like us. She works extremely hard, works at having a wonderful family - no matter how we all sometimes fall off the track sometimes. She isn't one of the salon/latte drinking brains with a pedigree from Harvard or Yale. She just wants to make a difference. Dont' we already have too many intellectuals in Washington DC?
If you have not had a chance, please see her first major speech here: http://www.youtube.com/watch?v=vKgNrb3baNM&eurl=http://www.foundingbloggers.com/wordpress/
It was just flat out awesome. Her line about having an advocate for children with special needs brought me to tears. For the first time we have a REAL conservative who brings that unique perspective that only a woman can.
She was born around the time Reagan gave his famous Barry Goldwater speech in 1964. Some are making grand comparisons between the two. I can honestly say, there has been no one to this point that has stirred me in a similar fashion as Ronald Reagan. She has a great deal of work to do yet, but the potential is there.
I just hope a loss in November isn't fatal to her career. There are some country club Republicans and operatives who want to destroy and are actively undermining her. Funny thing is much of the rumors and lies where involving her own Party in Alaska. And you wonder why she fought corruption there?
The MSM is just angered they didn't get to 'vet' her like they did with all the other candidates. So they will work to destroy her.
I predict to you, if the Republicans want to recapture the Reagan years and 1994, Sarah Palin has to be involved. Also watch for Bobby Jindal Governor of Louisiana. My dream ticket is Palin/Jindal 2012.
McCain is the past. But you have to give him a tremendous amount of credit - he has given his party and the nation the future. Pat Buchanan said it best: "John McCain just took 2 shots of whiskey and landed his jet on the Golden Gate Bridge" when referring to the chance he took with picking Sarah Palin. Couldn't have said it any better.
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