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Reasons there would be a constitutional crisis according to one expert...

Posted By: sm on 2008-12-05
In Reply to: There IS no constitutional crisis. - Why not concentrate on a REAL crisis?...sm

The Consequences of “Forgetting”

There are factual economic, social, Constitutional, military and financial consequences of forgetting what damage an ineligible POTUS will do to our Country and the Constitution. These consequences are so serious that our government will not exist if we forget the rule of law, and what our Constitution demands. These are succinctly addressed in an article by Edwin J. Viera, Jr. entitled “Obama must step up or stand down now”.

Of the nine (9) reasons why Obama should step down if he has not proven his eligibility, the two that most notably concern me are:

No laws of Congress are valid

“Congress can pass no law while a usurper pretends to occupy “the Office of President.” The Constitution provides that “[e]very Bill which shall have passed the House of Representatives and the Senate, shall, before it become a Law, be presented to the President of the United States” (Article I, Section 7, Clause 2). Not to a usurper posturing as “the President of the United States,” but to the true and rightful President. If no such true and rightful President occupies the White House, no “Bill” will or can, “before it become a Law, be presented to [him].” If no “Bill” is so presented, no “Bill” will or can become a “Law.” And any purported “Law” that the usurper “approve[s]” and “sign[s],” or that Congress passes over the usurper’s “Objections,” will be a nullity. Thus, if Obama deceitfully “enters office” as an usurper, Congress will be rendered effectively impotent for as long as it acquiesces in his pretenses as “President.”

And

He Could not be Removed Except by Force

If Obama does become an usurper posturing as “the President,” Congress cannot even impeach him because, not being the actual President, he cannot be “removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors” (see Article II, Section 4). In that case, some other public officials would have to arrest him—with physical force, if he would not go along quietly—in order to prevent him from continuing his imposture. Obviously, this could possibly lead to armed conflicts within the General Government itself, or among the States and the people.

Bear in mind that as an imposter Commander–in-Chief of the Armed Forces, “he will be entitled to no obedience whatsoever from anyone in those forces. Indeed, for officers or men to follow any of his purported “orders” will constitute a serious breach of military discipline—and in extreme circumstances perhaps even “war crimes.” In addition, no one in any civilian agency in the Executive Branch of the General Government will be required to put into effect any of Obama’s purported “proclamations,” “executive orders,” or “directives” (Viera, J.).

http://texasdarlin.wordpress.com/2008/12/05/stand-by-me/


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There IS no constitutional crisis.
Recession teetering on the brink of depression. WAKE UP, will ya?
Stop the Obama Constitutional Crisis...
http://www.rallycongress.com/constitutional-qualification/1244/
Constitutional law I believe. nm
.
Those agreements are Constitutional law
Bush ignored Constitutional law to invade Iraq. (That's the very definition of corruption, by the way). You seem to think that's just hunky dory.

Why do you hate America?
Is he a constitutional lawyer?
Just because he is a lawyer does not make him an expert.  Please cite statutes, case law, etc.
He's a brilliant constitutional attorney....
No he's not, yes he is, no he's not, yes he is arguments will not win any elections.
Turley on Bush's Constitutional Skin

Well, first of all this President's theory of his power I think is now so extreme that it's unprecedented. He believes that he has the inherent authority to violate  federal law. He has said that. Not just the signing statements and the infamous torture memo-that Alberto Gonzales signed. It was stated that he could in some circumstances order federal officials to violate federal law and this is consistent across the board with this President. Frankly, I'm not too sure what he thought he was swearing to when he took the oath of office to uphold the Constitution and our laws. I've never seen a President who is so uncomfortable in his constitutional skin.


http://movies.crooksandliars.com/news_Countdown_Turley_051006.wmv


America is a Constitutional Republic, NOT democracy

This is a very good read.


I like the quote by Tom Tancredo "When I took the oath of the office, it wasn't to my party or President, it was to the Constitution".


http://www.stopthenorthamericanunion.com/NotDemocracy.html


 


 


We also have the constitutional right to the free expression thereof....
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

Center on the words or prohibit the free exercise thereof. It is our constitutional right to freely express our religious views. You want to deny us that constitutional right do you?
Talk about a heap of constitutional amendments!
x
The show is known for its liberty/constitutional story lines. sm
I thought it was funny, but I also understood the message.


I'm not an expert on what

criteria is used to nominate a Nobel Peace Prize recipient.  Perhaps you should address your question to the nominating committee of that organization.


I only have firsthand knowledge of what other Americans have personally told me, as I wrote above.


Maybe President Chavez has AMERICA to thank for his nomination.  Without Pat Robertson publicly advocating Chavez' assassination (defended by the Bush administration of being freedom of speech), and without Bush's price-gouging buddies in the oil industry (which President Chavez is trying to offset so that heating oil will be within the financial reach of the poorest of Americans), maybe Chavez' name wouldn't have even made the list.


Again, if you want the answer to your question, I suggest you contact the Nobel Peace Prize nominating committee.


And you are an expert on him because....????
nm*
I'm not tax expert, but here's what I see (sm)

First of all, if we can get to 60 in the senate he would be able to carry out most of his plans, but that remains to be seen.


If most people get a tax cut, that leaves them more money.  If people have more money they are more willing to spend it.  This would mean more money from sales tax.  Granted, most sales tax just goes to the states, but others also pay into the fed gov --- gasoline, whiskey, etc.  In other words, there are more ways than one for the gov to get money.  Also, if you combine the ideas he has of job creation (in particular green jobs) then you would have more people to tax as a whole, which would also create more revenue.  I think when we look at his tax plan we have to take some of his other plans into consideration in conjunction with this.


you are the expert when it comes to
and childish behavior! You have become intoxicated on your own kool-aid!
You sure are an expert on Alaska!
()
LOL. Expert? Because I can google....
I am just interested in both sides of the story. Obviously you are not. And I am not a man...but think what you will.

I can't believe there are so many people out there who are so party driven they don't care about the truth and ignore what is right in front of them. Amazes me every day. And those are the very ones who, if socialism IS ushered in, will be saying: "How did this happen??"
You seem to be an expert on racism.....
NN
So, gt, are YOU the Jewish expert on this board. sm
So what are your thoughts on Gaza and it's historical and Biblical significance?  Do you think Egypt will encroach upon the left bank?  How about Hamas and their recent aggressive actions.  Do you think they will rebuilt Gaza?   What do you think about the relocation of the Gaza settlers?  What is the significance of losing Gaza?   Do you think the Arabs will uphold their part of the peace agreement, and if so, why?   Don't you think Sharon is doomed as far as ever being reelected.  Netinyahu is pretty steamed as are most Israeli.  Do you think they should vote him back in?   Tell us your thoughts.
YOU do it. You're the "numbers expert"
.
from an absolute expert on the subj

nm


 


Perhaps when putting yourself out as an immigration law expert,
x
So now your an expert on what race everyone on this board is?????
Yeah sista right on. Glad for ya.

Who said anything about kissing my you know what!!!

You are very rude and disgusting.
I am no expert but....it has something to do with "dual citizenship." sm
My best friend's husband was a Dutch citizen. (He has since been naturalized). They have 3 children. The kids could claim both Dutch and American citizenship up until the age of 18. Then they had to make a choice of which citizenship to renounce. Now that was back in the 80's so things may have changed since then. Not sure if this explains it or not.
No doubt at all that you're an expert on the issue.
One of your heroes, Pat Robertson, is publicly making statements like a terrorist.  I'm sure you know a lot about how terrorists think.
Where in this article do they claim Gadhafi is an expert...

http://wnd.com/index.php?fa=PAGE.view&pageId=78309


JERUSALEM – Sen. Barack Obama is a Muslim of Kenyan origins who studied in Islamic schools and whose campaign may have been financed by people in the Islamic and African worlds, Libyan leader Muammar Gadhafi said during a recent televised national rally.


"There are elections in America now. Along came a black citizen of Kenyan African origins, a Muslim, who had studied in an Islamic school in Indonesia. His name is Obama," said Gadhafi in little-noticed remarks he made at a rally marking the anniversary of the 1986 U.S. air raid on his country.


The remarks, translated by the Middle East Media Research Institute, MEMRI, were aired on AL Jazeera in June.


The video also has been posted on YouTube and can be seen here:




height=344" type=application/x-shockwave-flash>


"All the people in the Arab and Islamic world and in Africa applauded this man," continued Gadhafi. "They welcomed him and prayed for him and for his success, and they may have even been involved in legitimate contribution campaigns to enable him to win the American presidency.


"We are hoping that this black man will take pride in his African and Islamic identity, and in his faith, and that [he will know] that he has rights in America, and that he will change America from evil to good, and that America will establish relations that will serve it well with other peoples, especially the Arabs," Gadhafi said.


(Story continues below)
















 

















 


Gadhafi went on to lament statements Obama made at a June 4 address to the American Israel Public Affairs Committee in which the presidential candidate stated if he is elected president, "Jerusalem would remain the capital of Israel and it must remain undivided."


But it seems Gadhafi was not aware that the next day, during a CNN appearance, Obama explained he meant Jerusalem shouldn't be physically divided with a partition and was not referring to the city remaining in exclusively Jewish hands.


Stated Gadhafi: "But we were taken by surprise when our African Kenyan brother [Obama], who is an American national, made statements (about Jerusalem) that shocked all his supporters in the Arab world, in Africa, and in the Islamic world.


"We hope that this is merely an elections 'clearance sale,' as they say in Egypt - in other words, merely an elections lie. As you know, this is the farce of elections - a person lies and lies to people, just so that they will vote for him, and afterwards, when they say to him, 'You promised this and that,' he says: 'No, this was just elections propaganda.' This is the farce of democracy for you. He says: 'This was propaganda, and you thought I was being serious. I was fooling you to get your votes.'


"Allah willing, it will turn out that this was merely elections propaganda. Obama said he would turn Jerusalem into the eternal capital of the Israelis. This indicates that our brother Obama is ignorant of international politics, and is not familiar with the Middle East conflict," Gadhafi said.


Gadhafi went on to express his hope if elected Obama will implement a "one state solution" to the Israeli-Palestinian conflict, meaning Israel would be flooded with millions of Palestinian Arabs who would terminate the country's Jewish nationality.


Get the book that started it all – Jerome Corsi's "The Obama Nation," personally autographed – for only $4.95, available today, but only from WND!


He said he was worried Obama may have a "black inferiority complex" whereby he may enact "white men" policies to prove he is no different from "white" America.


"The thing we fear most is that the black man suffers from an inferiority complex. This is dangerous. If our brother Obama feels that because he is black he doesn't have the right to rule America, this would be a disaster, because such a feeling would make him act whiter than the white, and go to an extreme in his persecution and degradation of the blacks.


"We say to him: Brother, the whites and blacks in America are equal. They are all immigrants. America belongs neither to the whites nor to the blacks. America belongs to its original inhabitants, the Indians. Both the whites and the blacks immigrated to America, and so they are equal, and Obama has the right to hold his head high, and say: 'I am a partner in America. This is my land as much as it is yours. If it is not my land, it is not yours either. It is the land of the Indians. You are immigrants, and so are we.'"


Obama was 'quite religious in Islam'


Obama repeatedly has denied he is a Muslim. His campaign site states: "Senator Obama has never been a Muslim, was not raised as a Muslim, and is a committed Christian."


But as WND has reported, public records in Indonesia listed Obama as a Muslim during his early years, and a number of childhood friends claimed to the media Obama was once a mosque-attending Muslim.


Obama's campaign several times has wavered in response to reporters queries regarding the senator's childhood faith.


Commenting on a recent Los Angeles Times report quoting a childhood friend stating Obama prayed in a mosque "something the presidential candidate said he never did," Obama's campaign released a statement explaining the senator "has never been a practicing Muslim."


Widely distributed reports have noted that in January 1968, Obama was registered as a Muslim at Jakarta's Roman Catholic Franciscus Assisi Primary School under the name Barry Soetoro. He was listed as an Indonesian citizen whose stepfather, listed on school documents as "L Soetoro Ma," worked for the topography department of the Indonesian Army.


Catholic schools in Indonesia routinely accept non-Catholic students but exempt them from studying religion. Obama's school documents, though, wrongly list him as being Indonesian.


After attending the Assisi Primary School, Obama was enrolled "also as a Muslim, according to documents" in the Besuki Primary School, a public school in Jakarta.


Laotze blog, run by an American expatriate in Southeast Asia who visited the Besuki school, noted: "All Indonesian students are required to study religion at school, and a young 'Barry Soetoro,' being a Muslim, would have been required to study Islam daily in school. He would have been taught to read and write Arabic, to recite his prayers properly, to read and recite from the Quran and to study the laws of Islam."


Indeed, in Obama's autobiography, "Dreams From My Father," he acknowledged studying the Quran and describes the public school as "a Muslim school."


"In the Muslim school, the teacher wrote to tell mother I made faces during Quranic studies," wrote Obama.


The Indonesian media have been flooded with accounts of Obama's childhood Islamic studies, some describing him as a religious Muslim.


Speaking to the country's Kaltim Post, Tine Hahiyary, who was principal of Obama's school while he was enrolled there, said she recalls he studied the Quran in Arabic.


"At that time, I was not Barry's teacher, but he is still in my memory" claimed Tine, who is 80 years old.


The Kaltim Post said Obama's teacher, named Hendri, died.


"I remember that he studied 'mengaji (recitation of the Quran)," Tine said, according to an English translation by Loatze.


Mengaji, or the act of reading the Quran with its correct Arabic punctuation, is usually taught to more religious pupils and is not known as a secular study.


Also, Loatze documented the Indonesian daily Banjarmasin Post interviewed Rony Amir, an Obama classmate and Muslim, who described Obama as "previously quite religious in Islam."


"We previously often asked him to the prayer room close to the house. If he was wearing a sarong (waist fabric worn for religious or casual occasions) he looked funny," Amir said.


The Los Angeles Times, which sent a reporter to Jakarta, quoted Zulfin Adi, who identified himself as among Obama's closest childhood friends, stating the presidential candidate prayed in a mosque, something Obama's campaign claimed he never did.


"We prayed, but not really seriously, just following actions done by older people in the mosque. But as kids, we loved to meet our friends and went to the mosque together and played," said Adi.


Friday prayers


Aside from a new website to fight purported smears, Obama's official campaign site has a page titled "Obama has never been a Muslim, and is a committed Christian." The page states, "Obama never prayed in a mosque. He has never been a Muslim, was not raised a Muslim, and is a committed Christian who attends the United Church of Christ."


But the campaign changed its tune when it issued a "practicing Muslim" clarification to the Los Angeles Times.


An article in March by the Chicago Tribune apparently disputes Adi's statements to the L.A. paper. The Tribune caught up with Obama's declared childhood friend, who now describes himself as only knowing Obama for a few months in 1970 when his family moved to the neighborhood. Adi said he was unsure about his recollections of Obama.


But the Tribune found Obama did attend mosque.


"Interviews with dozens of former classmates, teachers, neighbors and friends show that Obama was not a regular practicing Muslim when he was in Indonesia," states the Tribune article.


It quotes the presidential candidate's former neighbors and third-grade teacher recalling Obama "occasionally followed his stepfather to the mosque for Friday prayers."


Daniel Pipes, director of the Middle East Forum, notes the Tribune article "cited by liberal blogs as refuting claims Obama is Muslim" actually implies Obama was an irregularly practicing Muslim and twice confirms Obama attended mosque services.


In a free-ranging interview with the New York Times, Obama described the Muslim call to prayer as "one of the prettiest sounds on Earth at sunset."


The Times' Nicholos Kristof wrote Obama recited, "with a first-class [Arabic] accent," the opening lines of the Muslim call to prayer.


The first few lines of the call to prayer state:


Allah is Supreme!
Allah is Supreme!
Allah is Supreme! Allah is Supreme!
I witness that there is no god but Allah
I witness that there is no god but Allah
I witness that Muhammad is his prophet ...

Some attention also has been paid to Obama's paternal side of the family, including his father and his brother, Roy.


Writing in a chapter of his book describing his 1992 wedding, the presidential candidate stated: "The person who made me proudest of all was Roy. Actually, now we call him Abongo, his Luo name, for two years ago he decided to reassert his African heritage. He converted to Islam and has sworn off pork and tobacco and alcohol."


Still, Obama says he was raised by his Christian mother and repeatedly has labeled as "smears" several reports attempting to paint him as a Muslim.


"Let's make clear what the facts are: I am a Christian. I have been sworn in with a Bible. I pledge allegiance [to the American flag] and lead the Pledge of Allegiance sometimes in the United States Senate when I'm presiding," he told the Times of London earlier this year.


 


so glad we have an expert on what a "real American" is.................NM
x
And now Chuck Norris is a govermental/political expert??give me a break!

Maybe it isn't a crisis, just extortion and
I bet it won't be long before some of the anti-union people (poster below) will be begging for union representation.  Since Reagan kept his promise to break the unions it's been a downhill course and I imagine we've just about reached the bottom of the hill.
Actually, you are wrong about his role in this crisis....
concerning Fannie and freddie, he tried to get legislation passed to deal directly with them...and the Democrats blocked it. Fact is, John McCain was on the RIGHT side of this issue, and perhaps if the Democrats had listened to him in 2005 we would not be facing this crisis today. In the interest of full disclosure and truth, this is what he said regarding that legislation:

Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
I urge my colleagues to support swift action on this GSE reform legislation.

He saw it coming, tried to tell the Dems, and they blocked it. Chris Dodd, head of banking and finance comittee, Democrat, largest recipient of donations from them. Guess who was #2?
crisis manufactured by Bush

they knew about this for weeks -- trying to railroad dems before election.


 


The truth about the housing crisis...
I will warn you this is long, but if your interested in the truth this is a good place to start.






Would the Last Honest Reporter Please Turn On the Lights?
By Orson Scott Card

Editor's note: Orson Scott Card is a Democrat and a newspaper columnist,
and in this opinion piece he takes on both while lamenting the current
state of journalism.

An open letter to the local daily paper - almost every local daily paper
in America :

I remember reading All the President's Men and thinking: That's
journalism. You do what it takes to get the truth and you lay it before
the public, because the public has a right to know.

This housing crisis didn't come out of nowhere. It was not a vague
emanation of the evil Bush administration.

It was a direct result of the political decision, back in the late
1990s, to loosen the rules of lending so that home loans would be more
accessible to poor people. Fannie Mae and Freddie Mac were authorized
to approve risky loans.

What is a risky loan? It's a loan that the recipient is likely not to
be able to repay.

The goal of this rule change was to help the poor - which especially
would help members of minority groups. But how does it help these
people to give them a loan that they can't repay? They get into a
house, yes, but when they can't make the payments, they lose the house -
along with their credit rating.

They end up worse off than before.

This was completely foreseeable and in fact many people did foresee it.
One political party, in Congress and in the executive branch, tried
repeatedly to tighten up the rules. The other party blocked every such
attempt and tried to loosen them.

Furthermore, Freddie Mac and Fannie Mae were making political
contributions to the very members of Congress who were allowing them to
make irresponsible loans. (Though why quasi-federal agencies were
allowed to do so baffles me. It's as if the Pentagon were allowed to
contribute to the political campaigns of Congressmen who support
increasing their budget.)

Isn't there a story here? Doesn't journalism require that you who
produce our daily paper tell the truth about who brought us to a
position where the only way to keep confidence in our economy was a $700
billion bailout? Aren't you supposed to follow the money and see which
politicians were benefiting personally from the deregulation of mortgage
lending?

I have no doubt that if these facts had pointed to the Republican Party
or to John McCain as the guilty parties, you would be treating it as a
vast scandal. "Housing-gate," no doubt. Or "Fannie-gate."

Instead, it was Senator Christopher Dodd and Congressman Barney Frank,
both Democrats, who denied that there were any problems, who refused
Bush administration requests to set up a regulatory agency to watch over
Fannie Mae and Freddie Mac, and who were still pushing for these
agencies to go even further in promoting sub-prime mortgage loans almost
up to the minute they failed.

As Thomas Sowell points out in a TownHall.com essay entitled "Do Facts
Matter?" ( ]" target=_blank>http://snipurl.com/457townhall_com<http://snipurl.com/457to>]
): "Alan Greenspan warned them four years ago. So did the Chairman of
the Council of Economic Advisers to the President. So did Bush's
Secretary of the Treasury."

These are facts. This financial crisis was completely preventable. The
party that blocked any attempt to prevent it was ... the Democratic
Party. The party that tried to prevent it was ... the Republican Party.

Yet when Nancy Pelosi accused the Bush administration and Republican
deregulation of causing the crisis, you in the press did not hold her to
account for her lie. Instead, you criticized Republicans who took
offense at this lie and refused to vote for the bailout!

What? It's not the liar, but the victims of the lie who are to blame?

Now let's follow the money ... right to the presidential candidate who
is the number-two recipient of campaign contributions from Fannie Mae.

And after Freddie Raines, the CEO of Fannie Mae who made $90 million
while running it into the ground, was fired for his incompetence, one
presidential candidate's campaign actually consulted him for advice on
housing.

If that presidential candidate had been John McCain, you would have
called it a major scandal and we would be getting stories in your paper
every day about how incompetent and corrupt he was.

But instead, that candidate was Barack Obama, and so you have buried
this story, and when the McCain campaign dared to call Raines an
"adviser" to the Obama campaign - because that campaign had sought his
advice - you actually let Obama's people get away with accusing McCain
of lying, merely because Raines wasn't listed as an official adviser to
the Obama campaign.

You would never tolerate such weasely nit-picking from a Republican.

If you who produce our local daily paper actually had any principles,
you would be pounding this story, because the prosperity of all
Americans was put at risk by the foolish, short-sighted, politically
selfish, and possibly corrupt actions of leading Democrats, including
Obama.

If you who produce our local daily paper had any personal honor, you
would find it unbearable to let the American people believe that somehow
Republicans were to blame for this crisis.

There are precedents. Even though President Bush and his administration
never said that Iraq sponsored or was linked to 9/11, you could not
stand the fact that Americans had that misapprehension - so you pounded
us with the fact that there was no such link. (Along the way, you
created the false impression that Bush had lied to them and said that
there was a connection.)

If you had any principles, then surely right now, when the American
people are set to blame President Bush and John McCain for a crisis they
tried to prevent, and are actually shifting to approve of Barack Obama
because of a crisis he helped cause, you would be laboring at least as
hard to correct that false impression.

Your job, as journalists, is to tell the truth. That's what you claim
you do, when you accept people's money to buy or subscribe to your
paper.

But right now, you are consenting to or actively promoting a big fat lie
- that the housing crisis should somehow be blamed on Bush, McCain, and
the Republicans. You have trained the American people to blame
everything bad - even bad weather - on Bush, and they are responding as
you have taught them to.

If you had any personal honor, each reporter and Editor would be
insisting on telling the truth - even if it hurts the election chances
of your favorite candidate.

Because that's what honorable people do. Honest people tell the truth
even when they don't like the probable consequences. That's what
honesty means . That's how trust is earned.

Barack Obama is just another politician, and not a very wise one. He
has revealed his ignorance and naivete time after time - and you have
swept it under the rug, treated it as nothing.

Meanwhile, you have participated in the borking of Sarah Palin,
reporting savage attacks on her for the pregnancy of her unmarried
daughter - while you ignored the story of John Edwards's own adultery
for many months.

So I ask you now: Do you have any standards at all? Do you even know
what honesty means?

Is getting people to vote for Barack Obama so important that you will
throw away everything that journalism is supposed to stand for?

You might want to remember the way the National Organization of Women
threw away their integrity by supporting Bill Clinton despite his
well-known pattern of sexual exploitation of powerless women. Who
listens to NOW anymore? We know they stand for nothing; they have no
principles.

That's where you are right now.

It's not too late. You know that if the situation were reversed, and
the truth would damage McCain and help Obama, you would be moving heaven
and earth to get the true story out there.

If you want to redeem your honor, you will swallow hard and make a list
of all the stories you would print if it were McCain who had been
getting money from Fannie Mae, McCain whose campaign had consulted with
its discredited former CEO, McCain who had voted against tightening its
lending practices.

Then you will print them, even though every one of those true stories
will point the finger of blame at the reckless Democratic Party, which
put our nation's prosperity at risk so they could feel good about
helping the poor, and lay a fair share of the blame at Obama's door.

You will also tell the truth about John McCain: that he tried, as a
Senator, to do what it took to prevent this crisis. You will tell the
truth about President Bush: that his administration tried more than once
to get Congress to regulate lending in a responsible way.

This was a Congress-caused crisis, beginning during the Clinton
administration, with Democrats leading the way into the crisis and
blocking every effort to get out of it in a timely fashion.

If you at our local daily newspaper continue to let Americans believe -
and vote as if - President Bush and the Republicans caused the crisis,
then you are joining in that lie.

If you do not tell the truth about the Democrats - including Barack
Obama - and do so with the same energy you would use if the miscreants
were Republicans - then you are not journalists by any standard.

You're just the public relations machine of the Democratic Party, and
it's time you were all fired and real journalists brought in, so that we
can actually have a news paper in our city.

This article first appeared in The Rhinoceros Times of Greensboro ,
North Carolina , and is used here by permission.

Like I said before, try focusing on a REAL crisis.
x
Financial crisis meeting;

November 14, 2008
World leaders dine in style as they discuss financial crisis


(CNN) – The global economy may be undergoing a significant downturn, but the White House's dinner budget still appears flush with cash.


After all, world leaders who are in town to discuss the economic crisis are set to dine in style Friday night while sipping wine listed at nearly $500 a bottle.


According to the White House, tonight's dinner to kick off the G-20 summit includes such dishes as "Fruitwood-smoked Quail," "Thyme-roasted Rack of Lamb," and "Tomato, Fennel and Eggplant Fondue Chanterelle Jus."


To wash it all down, world leaders will be served Shafer Cabernet “Hillside Select” 2003, a wine that sells at $499 on Wine.com.


The exceedingly pricey wine may seem a bit peculiar given leaders are in Washington to discuss a possible world financial meltdown, but Sally McDonough, a spokeswoman for Laura Bush, said it "was the most appropriate wine that we had in the White House wine cellar for such a gathering.


McDonough also said the White House purchased the wine at a "significantly lower price" than what it is listed at.


"Of course the White House gets its wine at wholesale prices," she said. "Given the intimate size of the group, it was an appropriate time for The White House to use this stock."


The leaders of the U.K., France, Russia, China, India, Brazil, Saudi Arabia, South Africa, Turkey and 11 developing economies have all come to Washington at the behest of President Bush in an effort to express confidence in the fundamental underpinnings of the world's economy.


– CNN's Becky Brittain contributed to this report


My solution to carmaker crisis

SUGGESTED SOLUTION TO CARMAKER'S CRISIS, AS WELL AS SOME ENVIRONMENTAL ISSUES


Maybe I've gone off the deep end - but I'm so sick of hearing about the big 3 bailout requests I've come up with a serious suggestion to help them.


I think its environmentally, morally, and financially irresponsible for the government to give tax breaks to those who buy NEW cars (much less bail out the manufacturers). The majority can't afford them anyway (or can't guarantee they'll have a job to make payments on them tomorrow), and we already have enough cars! Backyards and junk yards are full of cars because we can't get parts for them! How many economy cars that were good on gas are sitting in junkyards - because we don't have the parts to keep 'em on the road?


Why can't we get parts? The greedy corporate suits in Detroit figured if we couldn't get them, we'd be forced to buy new cars whether we wanted to or not! So they won't make them. I guess their plan didn't work, because when we bought new cars, we bought them from someone else.


I believe replacement parts manufacturing can be profitable - as the few little companies that make replacement parts for classic cars can prove. It might not restore the bonus of every deprived CEO in Detroit, but it could save quite a few line jobs. There is no longer a big market for new cars - but there's a constantly growing market for replacement parts. Its better than continuing the denial that Detroit has been in for the last decade - clinging stubbornly to the myth that we LIKE what they make, that we WANT it, and that we can AFFORD it, and that every one of us pines away for shiny new giant gas-guzzler in our driveway. We like what they USED to make, the muscle cars, the economy cars, the cars that were our sentimental favorites back in the day, when cars didn't cost the price of a house, and lasted longer than the 5 year warranty! They still have the blueprints to make the parts for those models, as well as parts for later-model cars past their warranty. That's what we want, what we can afford - and the sheer volume of parts purchased would make them a profit as well as helping the little guy with bad credit survive. Not everyone can get a loan for a new car - or even a used one - but those that can't could probably come up with the price of a needed part


I propose we reduce the production of new cars drastically. Instead we revamp a large number of our factories to manufacture parts for the cars that already exist (if we really MUST bail out the big 3, let's insist they put the money toward this). Alternatively, we insist that for every new car they manufacture - they must manufacture a certain number of essential repair parts for their discontinued models (which, according to recent news - will be most of them). This creates jobs, renews the jobs at some of the small non-union subcontracting plants that had to close when told to stop making the parts, or at least saves the jobs of UAW workers who were making unwanted new cars. Let them close their dealerships - but keep the dealer repair shops open. We then give tax credits for anybody who takes classes on repair - this creates jobs, as more people would rather fix it versus junk it (and can certainly afford the part easier than a whole new car). We give tax credits to anyone who gets a non-running vehicle operational again, we give tax credits for anyone who opens a repair/refurbishment shop, we give tax credits to junk yards that reduce their scrap heaps. Much better than a tax credit encouraging people to take on even more debt for a new car!


If some of elderly vehicles are unsafe by today's standards, we could manufacture parts that make them safer and update them, depending on the needs of each model. Surely the powers that be could run a scan for every VIN and get the statistics for how many models of each are currently still on the road (just like they do when there's a safety recall), and decide from there on whatever issues need addressed.


We should also consider legislation that insurance companies stop totalling vehicles without proof that their repair will be more expensive than a new car. "What a car is worth" needs to be restructured - what is the environmental/financial impact of junking it worth - the cost of a new one? If an old paid-off car ran perfectly fine before the wreck - should it be totalled because the damages came to a couple bucks more than the Blue Book value? I really don't think so! In this economy, having a paid-off vehicle with the option of keeping minimal insurance on it is nearly priceless!


We found out during the last couple years that we really can't afford a brand new McMansion, and we don't actually need one either, and we're much better off with less house than our budget can stretch to cover. Many of us know the same thing about the brand new car, but we don't have a choice because we can't fix the old one, and can't trust that the used one we buy will have parts available for it when it breaks down. That needs to change. We need more cost-effective options and we WANT the choice of fixing what we already paid for, instead of being forced to buy ever-more expensive brand new ones again and again and stuffing the landfills indefinitely!


My solution also applies to large appliances. Our landfills are full of them! The manufacturers of refrigerators, washers/dryers, riding lawnmowers, etc. should be required to produce a set number of repair parts for their older models - instead of making commercials about a lady throwing her old one off a cliff simply because she's tired of it!


Do we really want to be a nation of salesmen and consumers? I think we'd have more pride, strength and better ability to make it through these hard times if we replaced our salesmen with repairmen, blind consuming with sensible choices, and learn to one-up the Joneses with how much we saved from the landfill instead of how much we spent. Let's stop planned obsolescence and let the companies that refuse to give up the practice go belly up! They deserve it - they are trashing the environment as well as ripping off their customers - deliberately manufacturing products to break down in a couple years is just morally wrong. Lets make if fashionable to preserve and restore instead of consume and discard! I hope I'm not the only one that's tired of this - so is anybody with me on this? If you're in favor spread the idea! Discuss this with everybody!


And your solution to the economic crisis is???? (nm)
x
Not the same at all! The man inherited a national crisis,,,,,,sm
the likes of which have not been seen since the Great Depression, he had no hand at all in creating it. But he was brave enough and altruistic enough to come forward and TRY to bring changes that WOULD HELP OUR COUNTRY IN THE LONG RUN. Do you like instant Cup-A-Soup and coffee, because you and so many others are putting the RIDICULOUS load on Obama's shoulders to INSTANTLY come up with the perfect answer to all the crises (and yes, this is a multi-dimentional problem, no quick fix here), make everyone happy, snap his fingers, and poof the big bad depression that has been brewing for a LONG TIME since the Bush administration, and I say that because under President Clinton we had record surpluses in our nation, and by the by, you think W. was well-polished, well-experienced to head this country just cuz Daddy did? Come off it, he hired most of Daddy's friend and cabinet, he took his cues, but the poor guy could not even speak well, even with his Yale education. This man has been in office 4 months versus the past 8 years, a bit of inequity here?
For the same reasons
they're against gays, anyone of a different religion, a woman's right to choose and all the other things that Americans in general are in favor of.  They're like all the other neocon groups who are not happy unless they can force everyone else to believe like they do.  That's why I wondered if it was even real.  Truth telling and honesty aren't high on their list of priorities, as we've all seen from other similar hateful groups that claim they are morally better than everyone else.
For several reasons

And I'm not required to answer to you for any of them since your only purpose here is to demean people who don't agree with you.  (I see that yesterday Mystic left the door wide open and invited friendly, respectful, intelligent dialogue with you below, but you chose to ignore that in favor of continuing on with your rudeness to others in your other posts.)  You remind me of a pesky fly that disturbs the peace surrounding the person it invades.  If this is typical Israeli behavior, then maybe it's time to take a fresh look at why Israel is having so many problems coexisting in peace with its neighbors.


For any L-I-B-E-R-A-L-S who read the L-I-B-E-R-A-L board and are interested in my reasons for posting this, I'd be glad to list them.  After reading this article, these are the questions that came to my mind, and I would appreciate it if LIBERALS would add to this list any questions that are raised in their minds after reading it.


1.  I'm trying to understand Hezbollah's commitment to a cease fire.  I'm wondering if they would spend the time, effort and money (Iran's)  to begin to rebuild if they had plans to violate the cease fire.


2.  I'm wondering what impact their doing this will have on other nations of the world in relationship to how they will view Israel and the United States.  Will they garner more support, and is it justified?


3.  In furtherance of #2 above, will their role in the Lebanese government grow as a result of their concern (be it real or fake) for the Lebanese people whose homes have been destroyed?


4.  Finally, I was wondering how long it would take the two-headed snake known as the Bush administration to compete with Hezbollah in the rebuilding of Lebanon, after arming Israel with some of the weapons that caused the destruction, and whether or not Israel will feel betrayed as a result.  As you will see below, not long.  (Think of all the money we spend there that could be much better used here to truly fight terrorism by keeping our ports, borders and rail systems safer.  Is that really where you want your tax dollars to go?  Do you want your tax dollars used to supply the weapons to tear down a nation and then supply the money to rebuild it a month later in this cat and mouse game that Bush is playing in the Middle East?)


U.S. Hopes to Rival Hezbollah With Rebuilding Effort


Administration officials say quick action is needed in response to the militant group's reconstruction plans.

By Paul Richter
Times Staff Writer

August 17, 2006

WASHINGTON — The Bush administration is scrambling to assemble a plan to help rebuild Lebanon, hoping that by competing with Hezbollah for the public's favor it can undo the damage the war has inflicted on its image and goals for the Middle East.

Administration officials fear that unless they move quickly to demonstrate U.S. commitment, the Lebanese will turn more fully to the militant group, which has begun rolling out an ambitious reconstruction program that Washington believes is bankrolled by Iran.

American officials also believe that the administration must restore its influence to keep a newly assertive Syria from undermining U.S.-supported reformers in Lebanon.

A major rebuilding investment would put the United States in the position of subsidizing both the Israeli munitions that caused the damage and the reconstruction work that will repair it. Such a proposal could meet with resistance from Congress, but administration officials said that the need for action was urgent.

People have been seized by the need to do more, in a tangible way, and they're working feverishly on this, said a senior administration official who asked to remain unidentified because he was speaking about plans still in development. They know we're in a race against time to turn around these perceptions.

U.S. officials and private experts agree that the administration faces an uphill effort trying to outdo Hezbollah, which has a broad local base, well-developed social service programs and the confidence of many Lebanese.

Hezbollah is deeply integrated into Lebanese society, said Jon Alterman, a former State Department official who is head of Middle East studies at the Center for Strategic and International Studies in Washington.

We're coming in when there's a sense that we stood by the destruction of Lebanon by an ally, with U.S. weapons, and didn't complain. So we may be too late.

Even so, Alterman said he supported the idea of trying to rebuild U.S. influence in Lebanon at a time when the political situation there is in flux.

The United States has only $50 million in the pipeline for relief and rebuilding in Lebanon, a figure dwarfed by multibillion-dollar estimates of the need. The U.S. is lagging behind some other contributors, such as Saudi Arabia, which has pledged $1.5 billion. An international donors conference is to be held Aug. 31.

But American officials say they expect to expand the effort, which is largely focused on rebuilding the airport, restoring electric power, cleaning up environmental damage and reconstructing some of the estimated 150 destroyed bridges.

The U.S. effort is aimed in part at supporting its allies in the fragile Lebanese central government, which is competing with Hezbollah for influence. Moving rapidly, Hezbollah officials fanned out across the country this week, canvassing the needs of residents and promising help. In some areas of the south, Hezbollah already had fielded cleanup teams with bulldozers.

The U.S. official said talk of a deeper rebuilding role was one of several discussions underway within the administration. He said there was talk about launching a broader diplomatic and economic initiative for the Middle East aimed at increasing involvement in mediating the Arab-Israeli conflict, as well as in regional economic development and politics.

Officials are focused on the idea that things better change, or we're going to have serious problems, he said. Many people in the region believe the United States was a co-combatant in the war, he acknowledged.

With Congress on its August break, lawmakers have not explicitly taken positions on funding for rebuilding. But some influential members have given indications.

Sen. Joseph R. Biden Jr. of Delaware, the senior Democrat on the Senate Foreign Relations Committee, has said he would like the United States to take a lead role in the rebuilding by giving generously and organizing meetings of donors. He has argued that the U.S. missed an opportunity by failing to do more in Lebanon last year, as Syria withdrew its troops from the country, leaving a partial vacuum.

Sen. Richard G. Lugar (R-Ind.), chairman of the Foreign Relations Committee, voted for a resolution that called for a postwar donors conference. But he made it clear that there should be careful planning before the U.S. committed large sums, an aide noted.

Alterman, the analyst, said providing aid posed complicated challenges in Lebanon, and that the money could easily be wasted without the United States getting any advantage from it.

Lebanon is a tough commercial environment…. It's tough coming from the outside, trying to identify reliable people, he said. We could end up getting no credit — or, worse yet, it could end up in the bank accounts of the very people who are trying to get us out.


That's just one of many reasons why I'm

3 reasons
1. He fights for us.
2. He admits his mistakes (keating 5)
3. He isn't going to just throw money at a problem.
4. He is a reformer.

Your reasons he shouldn't be:

His age - So what? I've seen perfectly healthy men drop dead at age 52 and people with cancer live to 94.

His temper - Seriously? You're going to use this one? I know three times at least tonight that I wanted to reach out and smack Obama for his smugness. I think he does a very good job of controlling it.

His running mate - I like Palin. If you don't want the "good ol' boys club" and you want a "breath of fresh air" well there ya go. She will go against the majority to fight what she believes in.

His aggression - kinda the same thing as temper. So what? You want a wimp in the White House? There is nothing wrong with being aggressive. He isn't overly aggressive, and sometimes you need a little aggression to get things done.

Of course Obama is going to know how to SAY all the right things, HE'S A LAWYER!!! THEY ARE TRAINED TO DO SO!!! But he hasn't walked the walk! He does not have the experience to be in the white house. He is going to make foolish, costly, mistakes.

As a famous person once said (take a wild guess who)

"The presidency is not something that lends itself to on-the-job training."
Too bad your reasons
don't have anything to do with McCain being a good candidate.
10 Reasons..........

10 Reasons Why Conservatives' Fiscal Ideas Are Dangerous


By Sara Robinson, Campaign for America's Future
Posted on February 27, 2009, Printed on February 27, 2009
http://www.alternet.org/story/128900/


Yes, it's true. The conservatives -- that's right, the very same folks who just dragged us along on an eight-year drunken binge during which they borrowed-and-spent us into the deepest financial catastrophe in nearly a century -- are now standing there, faces full of moral rectitude, fingers pointing and shaking in our faces, righteously lecturing the rest of us on the topic of "fiscal responsibility."


I didn't think it was possible. I mean, they were mean enough drunk -- but hung over, in the clear light of morning, it turns out they're even worse.


I know. The choice is hard. Laugh? Cry? Scream? All three at once? It would almost be funny, if it weren't such clear evidence of a complete break with objective reality -- and their ideas of what that "fiscal responsibility" means weren't so dangerous to the future of the country.


The next episode in this surreal moral drama is set to take place next Monday, when President Obama will convene a "fiscal responsibility summit" at the White House to discuss the right's bright new idea for getting us out of this hole: let's just dismantle Social Security and Medicare.


As usual, this proposal is encrusted with a thick layer of diversions, misconceptions, factual errors and out-and-out lies. Here are some of the most pungent ones, along with the facts you need to fire back.


1. Conservatives are "fiscally responsible." Progressives just want to spend, spend, spend.


The comeback to the first assertion is easy: Just point and laugh. Any party that thought giving cost-plus, no-bid contracts to Halliburton was fiscally responsible (and let's not even get started on handing Hank Paulson $700 billion, no questions asked) deserves to be made fun of for using words that are simply beyond its limited comprehension.


And a quick look back at actual history makes them into even bigger fools. For decades now, liberal presidents have been far and away more restrained in their spending, and more likely to turn in balanced budgets. Part of this is that they've got a good grasp of Keynes, and know that the best way out of bad financial times is to make some up-front investments in the American people -- investments which have almost always, in the end, returned far more than we put in.


Conservatives believe wholeheartedly in investment and wealth-building when individuals, families, and corporations do it. But their faith in the power of money well-spent -- and the value of accumulated capital -- completely vanishes when it comes to government spending. They think it's morally wrong for government to ever invest or hold capital -- despite the long trail of successes that have enriched us all and transformed the face of the nation.


Under the conservative definition of "fiscal responsibility, " we'd have never set up the GI Bill and the FHA, which between them launched the post-war middle class (and made possible the consumer culture that generated so much private profit for so many). We wouldn't have 150 years of investment in public education, which for most of the 20th century gave American business access to the smartest workers in the world; or the interstate highway system, which broadened trade and tourism; or research investment via NASA and DARPA, the defense research agency that gave us the microchip and the Internet and made a whole new world of commerce possible. There wouldn't be the consumer protection infrastructure that allowed us to accept new products with easy confidence; or building and food inspectors who guarantee that you're not taking your life in your hands when you flip on a light or sit down to dinner.


What we're proposing now is not "spending." It's the next round of investment that will create the next great chapter in the American future. And the most fiscally irresponsible thing we can do right now is lose our nerve, and fail to prepare for what's ahead.


2. It's not gonna work. Everybody knows the Democrats spent us into this mess in the first place.


The only remaining "everybodys" who "know" this are the ones who are simply impervious to facts.


Ronald Reagan came into office with a national debt of less than $1 trillion. Mostly by cutting taxes on the rich, he grew that debt to $2.6 trillion. George H.W. Bush broke his "no new taxes" pledge, but it wasn't enough to keep the debt from ballooning another 50 percent, to $4.2 trillion.


Bill Clinton''s aggressive budget balancing slowed the growth rate a bit: eight years later, he left office with a debt of $5.7 trillion -- and a tight budget in place that, if followed, would have paid whole thing off by 2006. Unfortunately, George W. Bush had no intention of following through with Clinton's plan: on his watch, the debt nearly doubled, from $5.7 to $10.6 trillion. So, nearly 80 percent of the current debt -- about which conservatives now complain -- was acquired on the watch of the three most recent conservative Presidents.


3. $10.6 trillion? But I got this e-mail that says we're looking at a national debt of $56 trillion...


Wow. That's a big, scary number, all right. It's also a perfect example of one of the classic ways people lie with statistics.


This particular mathematical confection was whipped up by Wall Street billionaire and former Nixon Commerce Secretary Pete Peterson, whose Peterson Foundation is the driving force behind the effort to defund Social Security. According to this group, "As of September 30, 2008, the federal government was in a $56 trillion-plus fiscal hole based on the official financial consolidated statements of the U.S. government. This amount is equal to $483,000 per household and $184,000 per American."


This "fact" is only true if you're willing to do a reckless amount of time traveling. The $56 trillion number is what you get if you project the entire U.S. debt a full 75 years into the future, which is how far out you have to go before you can get into numbers that big. In other words: we're not in that hole now -- but we might be in 2084, if we keep going the way we're going now.


Of course, it should be obvious that we're not going to keep going that way -- and that's the other fatal flaw. Peterson's calculations assume that there will be exactly no changes in Social Security and Medicare policy or inputs in the next 75 years -- something that has almost a zero chance of actually happening. Also, there's the usual problem with any kind of long-range projection: even a small error in the calculations at the start will compound over time, creating enormous errors at the end of the range. If he's off by even one percent (which is highly likely), the projection's worthless, even 20 years down the road.


Peterson and his posse are laying bets that Americans are too mathematically and logically challenged to notice the flaws in his reasoning -- even though the holes are big enough to drive an entire generation of retired Boomers through.


4. Whatever. It's still irresponsible to take on that much debt.


Even John McCain's economic adviser thinks this one's wrong. Here's what Mark Zandi said about the U.S. national debt on the February 1 edition of Meet The Press:



It's 40 percent of GDP now. If the projections are right, we get to 60, maybe 70 percent of GDP, which is high, but it's manageable in our historic -- in our history we've been higher, as you pointed out. And moreover, it's very consistent with other countries and their debt loads. And more -- just as important, investors understand this. They know this and they're still buying our debt and interest rates are still very, very low. So we need to take this opportunity and be very aggressive and use the resources that we have at our disposal.


To repeat: Debt is never a good thing; but history is on our side here. We've carried a lot more debt than this in the past; and so have other fiscally responsible countries. And the world's investors are still flocking to buy U.S. bonds -- even though with inflation, they're getting slightly negative interest rates, which means they're effectively paying us to use their money. If they have that much faith in our economy, we're probably not wrong to have a little faith in ourselves. By world standards, we're still looking like a very good bet.


5. But Social Security is headed for disaster. It's out of control!


It's a testament to the short attention spans of the media that the cons try to launch this talking point every six months or so -- and every damned time, the punditocracy goes running flat-out after the bait, fur flying, like an eager but not particularly bright Irish Setter. And then people like us need to collar them, make them sit, scratch their ears, and calmly explain all over again (as if it were brand-new information) that Social Security is in perfectly fine shape, and the conservatives are making much ado about nothing -- again.


The Congressional Budget Office projects that the Social Security trust fund will continue to run a surplus until 2019. (More conservative fund trustees put the date at 2017.) The fund's total assets should hold out until 2046. And that's assuming that nothing changes at all.


If it turns out we do need to make adjustments, there are two very simple ones that will more than make up the difference. One is that we could raise the cap. Right now, people only pay Social Security taxes on the first $102,000 they earn; everything over that goes into their pockets tax-free. Increasing that amount would cover even a fairly large shortfall. And in the unlikely event that fails, we can talk about raising the retirement age to 70 -- a sensible step, given how much longer we live now.


6. Ending Social Security would be well worth it, because putting those deductions back in people's pockets would provide a big enough stimulus to get us out of this mess.


Anyone who spouts this is apparently not counting on the 70 million Boomers whose wallets would snap shut permanently if you withdrew their retirement benefits just a few years before they're going to need them. As Digby put it:



Boomers are still sitting on a vast pile of wealth that's badly needed to be put to work investing in this country. But it's shrinking dramatically and it's making people very nervous. As [Dean] Baker writes, if one of the purposes of the stimulus is to restore some confidence in the future, then talk of fiddling with social security and medicare is extremely counterproductive. If they want to see the baby boomers put their remaining money in the mattress or bury in the back yard instead of prudently investing it, they'd better stop talking about "entitlement reform." This is a politically savvy generation and they know what that means.


If they perceive that social security is now on the menu, after losing vast amounts in real estate and stocks, you can bet those who still have a nestegg are going to start hoarding their savings and refusing to put it back into the economy. They'd be stupid not to.


Bad economies get that way because people no longer trust the future, and refuse to take on the risks associated with spending, lending, or investing. Social Security was created in the first place because FDR understood that a guaranteed old-age income is a major risk-reducer -- not just for elders, but also for their working adult children. And it still is. Affirming the strength of Social Security not only raises the confidence of the Boomers, as Dean and Digby have pointed out, but also of their Xer and Millennial children, who are going to have to add "looking after Mom and Dad" to their list of big-ticket financial obligations if that promise is broken.


Breaking a 70-year-old generational promise for the sake of a little temporary financial stimulus is the very definition of penny-wise and pound-foolish.


7. OK, forget I even mentioned Social Security. Besides, the real problem is Medicare.


Finally, we come down to the truth. There's no question that exponentially rising health care costs -- both Medicare and private insurance -- are unaffordable in the long term; and that getting ourselves back on track financially means getting serious about addressing that.


On close examination, even Peterson's figures eventually reveal this truth. (About 85% of his projected 2084 debt comes from expected Medicare.) Unfortunately, though, most of his materials lump Social Security and Medicare together, creating a fantasy figure that blows the real problem so far out of proportion that you can't even begin to have a rational conversation about it -- which was, of course, the whole point of ginning those numbers up in the first place.


8. Next, you're going to tell me that some kind of government-sponsored health care is the answer.


Yes, we are. The Congressional Budget Office notes that health care costs were only 7 percent of the GDP in 1970 -- and are over double that, at 14.8 percent, now.


Much of that increase came about because in 1970, most health care providers ran on a not-for-profit basis. Hospitals were run by governments, universities, or religious-based groups; in some states, private for-profit care was actually illegal. Even insurance companies, like Blue Cross, were non-profit corporations. AdminIstrators and doctors were still paid handsomely; but there were no shareholders in the picture trying to pull profits out of other people's misfortune.


The first step to restoring affordability is to kick the profiteers out of the system. (According to the most conservative estimates, this one step would drop the national health care bill by at least $200 billion a year.) The second is to put it in the hands of administrators whose first concern is providing high-quality care instead of big bottom lines; and who are accountable to the voters if they fail to perform. Our experience with Medicare and the VA -- which, between them, currently provide care to over 70 million Americans, or about 22% of the country -- proves that we are perfectly capable of providing first-class, affordable care through the government.


If Costa Rica and Canada can manage this, why can't we?


9. But this Peterson guy's a billionaire Wall Streeter. Obviously, he knows something about finance...


Let's punt this one to William Greider:



Peterson, who made his fortune on Wall Street, never raised a word about the dangers of hyper leveraged finance houses gambling other people's money. He never expressed qualms about the leveraged buyout artists who were using debt finance to rip apart companies. He didn't fund an all out effort to stop Bush from raiding the Social Security surplus to pay for tax cuts for the rich.


But now he wants folks headed into retirement who have already prepaid a surplus of $2.5 trillion to cover their Social Security retirements to take a cut and to work a few years longer to cover the money squandered on bailing out banks, wars of choice abroad, and tax cuts for the few.


Basically, we're only having this conversation in the first place because a conservative ideologue was willing to pony up $1 billion of his own money to fund a "foundation" devoted to killing Social Security. Given that most politicians -- both Democrat and Republican -- are extremely unwilling to touch the notorious "third rail of politics," it's pretty clear that next Monday's "fiscal responsibility summit" wouldn't even be happening if Peterson wasn't bankrolling the Beltway buzz on this terrible idea.


10. OK -- if killing Social Security isn't the answer, just how do you propose to get us out of this?


The idea of a White House summit on fiscal responsibility is a good one -- but only if it focuses on real solutions to our real problems.


Cutting health care costs by getting all Americans into a rationally-managed system that puts delivering excellent care above delivering shareholder profits has to be a central part of any long-term economic health strategy. We're also about 15 years overdue for a complete overhaul of our military budget, too much of which is still focused on fighting the Soviet Union instead of responding to the actual challenges we're currently facing. Finally, it's time to ask the wealthy -- who've profited more than anyone from the past 15 years, and yet haven't paid anywhere near their fair share -- to step in a pay up for the system that enabled them to build that pile in the first place.


There's plenty we can be doing to actually reduce the national debt, and really stimulate the economy for both the short run and the long haul, without ending Social Security and sending hundreds of millions of Americans into sudden panic over their retirement. True "fiscal responsibility" can never be achieved by breaking promises.



Sara Robinson is a Fellow at the Campaign for America's Future, and a consulting partner with the Cognitive Policy Works in Seattle. One of the few trained social futurists in North America, she has blogged on authoritarian and extremist movements at Orcinus since 2006, and is a founding member of Group News Blog.


Two reasons.........
Democrats want MORE votes, looking toward the next election as well. They want the Latino vote and by blocking the "legal" process, the one that uses common sense, they can look forward to more votes from the "illegal" community to put their sorry butts back into office again.....


Also, that puts ACORN in a great position to go in and do just what they have been doing all along illegally..... signing folks (make believe and otherwise) up to vote that aren't citizens or are brought over from another state to vote illegally in order to push the vote in Democrat's favor.

That is the very reaso ACORN has been under investigation for years and is STILL under investigation and have had indictments as well. They are a purely racist group in the first place........

Now, if the KKK were standing around the street corners signing up folks to vote, do you think for one minute Obama wouldn't be jumping on that one? But it's the black vote he wants added, illegal or not, and he will never see to it that ACORN is stopped from their illegal doings.

Two reasons, I think............. sm
The first and foremost is appearance. Obama's black ancestory is more prominent in his appearance and therefore makes him appear to be a black person. Secondly, I think his own statements against his mother's people spoke volumes about how he feels about his Caucasian blood.

While it is a historical event to have a black man or person of mixed race in the WH, I have to wonder, would a Chinese American or Native American have garnered as much attention were they elected? I have to say probably not, but the black man's history in this country is no more or less tragic than that of the Chinese or Native Americans.
Financial crisis a democratic scandal....sm


http://www.floppingaces.net/2008/09/16/financial-crisis-a-democrat-scandal/

Read all the comments underneath this, if you have time.




No need to wonder...current mortgage bank crisis...
brought to you courtesy of greedy democrats on Congress and greedy Democrats at the top of Fannie Mae. The handwriting is on the wall. This one's on you. McCain saw it coming in 2005 and the dems shut him down. Well, we are reaping what they sowed. To quote Toby Keith...how do you like them now?
How The Democrats Created The Financial Crisis....sm

How the Democrats Created the Financial Crisis: Kevin Hassett

Commentary by Kevin Hassett



Sept. 22 (Bloomberg) -- The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear Stearns Cos. to American International Group Inc., ambiguity has been a big part of the story.

Why did Bear Stearns fail, and how does that relate to AIG? It all seems so complex.

But really, it isn't. Enough cards on this table have been turned over that the story is now clear. The economic history books will describe this episode in simple and understandable terms: Fannie Mae and Freddie Mac exploded, and many bystanders were injured in the blast, some fatally.

Fannie and Freddie did this by becoming a key enabler of the mortgage crisis. They fueled Wall Street's efforts to securitize subprime loans by becoming the primary customer of all AAA-rated subprime-mortgage pools. In addition, they held an enormous portfolio of mortgages themselves.

In the times that Fannie and Freddie couldn't make the market, they became the market. Over the years, it added up to an enormous obligation. As of last June, Fannie alone owned or guaranteed more than $388 billion in high-risk mortgage investments. Their large presence created an environment within which even mortgage-backed securities assembled by others could find a ready home.

The problem was that the trillions of dollars in play were only low-risk investments if real estate prices continued to rise. Once they began to fall, the entire house of cards came down with them.

Turning Point

Take away Fannie and Freddie, or regulate them more wisely, and it's hard to imagine how these highly liquid markets would ever have emerged. This whole mess would never have happened.

It is easy to identify the historical turning point that marked the beginning of the end.

Back in 2005, Fannie and Freddie were, after years of dominating Washington, on the ropes. They were enmeshed in accounting scandals that led to turnover at the top. At one telling moment in late 2004, captured in an article by my American Enterprise Institute colleague Peter Wallison, the Securities and Exchange Comiission's chief accountant told disgraced Fannie Mae chief Franklin Raines that Fannie's position on the relevant accounting issue was not even ``on the page'' of allowable interpretations.

Then legislative momentum emerged for an attempt to create a ``world-class regulator'' that would oversee the pair more like banks, imposing strict requirements on their ability to take excessive risks. Politicians who previously had associated themselves proudly with the two accounting miscreants were less eager to be associated with them. The time was ripe.

Greenspan's Warning

The clear gravity of the situation pushed the legislation forward. Some might say the current mess couldn't be foreseen, yet in 2005 Alan Greenspan told Congress how urgent it was for it to act in the clearest possible terms: If Fannie and Freddie ``continue to grow, continue to have the low capital that they have, continue to engage in the dynamic hedging of their portfolios, which they need to do for interest rate risk aversion, they potentially create ever-growing potential systemic risk down the road,'' he said. ``We are placing the total financial system of the future at a substantial risk.''

What happened next was extraordinary. For the first time in history, a serious Fannie and Freddie reform bill was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets.

Different World

If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions. Without their checkbooks keeping the market liquid and buying up excess supply, the market would likely have not existed.

But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter.

That such a reckless political stand could have been taken by the Democrats was obscene even then. Wallison wrote at the time: ``It is a classic case of socializing the risk while privatizing the profit. The Democrats and the few Republicans who oppose portfolio limitations could not possibly do so if their constituents understood what they were doing.''

Mounds of Materials

Now that the collapse has occurred, the roadblock built by Senate Democrats in 2005 is unforgivable. Many who opposed the bill doubtlessly did so for honorable reasons. Fannie and Freddie provided mounds of materials defending their practices. Perhaps some found their propaganda convincing.

But we now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years.

Throughout his political career, Obama has gotten more than $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac, second only to Dodd, the Senate Banking Committee chairman, who received more than $165,000.

Clinton, the 12th-ranked recipient of Fannie and Freddie PAC and employee contributions, has received more than $75,000 from the two enterprises and their employees. The private profit found its way back to the senators who killed the fix.

There has been a lot of talk about who is to blame for this crisis. A look back at the story of 2005 makes the answer pretty clear.

Oh, and there is one little footnote to the story that's worth keeping in mind while Democrats point fingers between now and Nov. 4: Senator John McCain was one of the three cosponsors of S.190, the bill that would have averted this mess.









http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_hassett&sid=aSKSoiNbnQY0
McCain suspending campaign due to crisis ...sm
John McCain is looking like a leader today. I wonder if Obama will follow his lead.....



McCain suspending campaign due to crisis


Email|Link|Comments (0) Posted by Foon Rhee, deputy national political Editor September 24, 2008 03:07 PM

Saying that the Wall Street bailout plan is in jeopardy and the US economy at stake, John McCain said today that he is suspending his presidential campaign on Thursday and called for postponing the first presidential debate on Friday night.

"It has become clear that no consensus has developed to support the Administration’s proposal," he said in New York. "I do not believe that the plan on the table will pass as it currently stands, and we are running out of time.

"Tomorrow morning, I will suspend my campaign and return to Washington after speaking at the Clinton Global Initiative. I have spoken to Senator Obama and informed him of my decision and have asked him to join me.

"I am calling on the President to convene a meeting with the leadership from both houses of Congress, including Senator Obama and myself. It is time for both parties to come together to solve this problem."

Obama spokesman Bill Burton just issued a statement: "At 8:30 this morning, Senator Obama called Senator McCain to ask him if he would join in issuing a joint statement outlining their shared principles and conditions for the Treasury proposal and urging Congress and the White House to act in a bipartisan manner to pass such a proposal. At 2:30 this afternoon, Senator McCain returned Senator Obama’s call and agreed to join him in issuing such a statement. The two campaigns are currently working together on the details."


"We must meet as Americans, not as Democrats or Republicans, and we must meet until this crisis is resolved. I am directing my campaign to work with the Obama campaign and the commission on presidential debates to delay Friday night’s debate until we have taken action to address this crisis."


http://www.boston.com/news/politics/politicalintelligence/2008/09/mccain_suspendi.html






McCains Top 10 economic crisis strategies.

10.   Blissful ignorance.  "The economy is not my strong suit."


 9.    Ridicule.  In an interview with the Washington Post on 07/9/2008, McCain advisor and national campaign general co-chair Senator Phil Gramm was defining McCain's plans to reform the U.S. economy.  Gramm explained the nation was not in a recession, stating, "You've heard of mental depression; this is a mental recession," and "We have sort of become a nation of whiners, you just hear this constant whining, complaining about a loss of competitiveness, America in decline."  This would be the same Phil Gramm of the Gramm-Leach-Bliley Act which allowed commercial and investment banks to consolidate.  The legislation allowed Swiss Bank UBS to purchase several American institutions. Gramm later became a lobbyist for UBS, collecting over 750,000 USD in fees. UBS alone issues over 18 Billion USD in subprime mortgages.  


 8.    Denial.  Black Monday, 09/15/2008.  John McCain:  "The fundamentals of our economy are still sound."  A worldwide stock market crash occurred as Lehman Brothers filed Chapter 11 bankruptcy and major investment bank Merrill Lynch was sold to Bank of America. Dow Jones Industrial Average lost more than 500 points, which is the biggest point drop (up to that point) since September 2001.  FTSE 100 dropped 212 points, and it was the biggest one-day percentage drop since January 21, 2008. Hong Kong, Japan and Korea stock market suspended that day due to public holiday, and they fell over 5% on the following day.   Two weeks later, we had a blacker Monday (09/29/2008) with a 777.68 point drop on the Dow Jones Industrial Average.


 7.    Political grandstanding.  Announcement of suspending his campaign to return to DC to "lead" Congress during economic bail-out negotiations.  This effort led to a defeat of the measure when the votes were cast.  Tried unsuccessfully to use the bailout as an excuse to postpone the presidential debate.  


 6.    Flip-Flop.  Claims to support regulation.  Record says otherwise. 


 5.    Incoherence.  Threatens to fire the chairman of the SEC if he were in office, even though the president does not have the authority to do so.   


 4.    Theft of intellectual property.  Claiming previously existing mortgage buy-out proposal as his own. 


 3.    Avoid / change the subject.  Greg Strimple, a McCain top advisor:  If we keep talking about the economy, we will lose." 


 2.    Engage the politics of division, hate, fear mongering and cultural warfare with high-gear Obama smear campaign:  Ayers, ACORN, Farrakhan, Rev Jeremiah Wright, Barack Hussein Obama, etc.      


 1.    McCain’s send message to voters is to stop whining about the economy and start focusing on attacking Obama.


Obama's economic crisis strategy...
Vote for the bailout....and nothing else.  Zip, zilch, nada.   Oh, except echo Harry Reid, and I quote:  "Nobody knows what to do about this."  Well, no **** Sherlock.  And STILL doesn't know.  Not a clue.  All he can say is middle class tax cuts and watch the thrills run up peoples' legs.  Would be funny if it weren't so.....