Eric "The Black Bigot" Holder Needs To Resign, Obama Needs to STOP GAMING Main Street America

You know a man needs to go when Obama is trying to EXPLAIN what one of his staff was trying to say, Holder needs to fall on his own sword...the time has come for MR. "When it comes to race Americans are cowards" Holder to fall on his sword, and hoping when he does, the tip of the sword slides right up his backside point first. Like it or not, Holder's remarks shall live in infamy, and will continue to haunt the Obama administration as long as Eric Holder remains Attorney General. As Air Force One guzzles $53,000 dollars in fuel an hour, as the President needlessly flitted around the country trying to sell his failing Economic Recovery plan he spoke to reporters on the whole HOLDER DEBACLE.

"I think it’s fair to say that if I had been advising my attorney general, we would have used different language," Obama told the New York Times aboard Air Force One on Friday. "I think the point that he was making is that we’re oftentimes uncomfortable with talking about race until there’s some sort of racial flare-up or conflict, and that we could probably be more constructive in facing up to the painful legacy of slavery and Jim Crow and discrimination."

BLINK...keep diging the hole deeper there Mr. Obama. Let me give you a clue...many of us in the WHITE COMMUNITY are tired of hearing about the legacy of slavery, tired of being told we need to keep sacrificing in the name of leveling the playing field. Remarks by your close friends (Mr. Third Reich) before Congress suggesting that the Stimulus should be steered in such a fashion as to keep jobs from going to White Construction workers, Congressman Rangel following in his footsteps with a suggestion that SPECIAL FORMULAS be used for the stimulus that would force state governors to funnel the money to minority (BLACK) communities is beginning to taint your administration as the most racist in American History. Even in your defense of Eric Holder there is a subtle "rub WHITEY's nose in the past" rhetoric that is stale. Why not come out and admit it President OBama...you yourself ARE A REVERSE RACIST, have some deep seated resentments of WHITE PEOPLE that see you pushing policy aimed at hurting us at every step of the way.

1. E Verify if enacted into law would put the majority of seven million illegal aliens OUT OF WORK, but the majority of those jobs would probably go to White People, so lets instruct the Senate (THROUGH Harry Reid) to strip it out of the Stimulus Bill, keep it out of the Omnibus Budget by opposing Senator Sessions amendment that would enact E Verify for a period of five years and fund its implementation.

2. Amnesty for Illegal Aliens in the name of Comprehenisve Immigration Reform. Stop pandering to the Latino minority voting block Mr. Obama...criminals are criminals, and if you do the math, deportation MAKES SENSE. Seven million illegal Aliens still have jobs, many of them OFF THE BOOKS here in America. Let's be conservative, and assume that seeing those Illegal Aliens fired (through E Verify) and deported (ENFORCEMENT) saw four million Americans PUT BACK TO WORK. That would drop our national unemployment under SIX PERCENT! If Blacks, based on their percentage of the whole (twelve percent) were rehired, put back to work, the black community is looking at HALF A MILLION JOBS that you sir ARE DENYING THEM. So you hate the white man enough that you will hurt your OWN PEOPLE if you can hurt whites more?

Your socialist/communistic approach is NOT WORKING Obama. Your economic recovery plan is DOOMED TO FAIL when you are expecting one group of us (predominantly White Middle Class Americans)to suffer in the name of the GREATER WHOLE. Why should we have to pick up the tab, pay the price incurred so that Illegal Aliens can live the American Dream, bring their families here to live their dreams as well? Why should we have to pay for the Stimulus, but have Congressman Rangel and others creating formulus that keep us from getting any of the jobs? Why should we embrace your plan for Comprehensive Health Care Reform when what you are doing is RATIONING HEALTH CARE TO WHITE PEOPLE so that you can hand out FREE HEALTH CARE to minorities...tell us President OBama...how many children of Illegal Aliens did you give Health Coverage to compliments of America's Smokers? Further, what happens if those smokers don't cover the expected cost of your generosity, and who the hell do you think you are to TAKE AWAY WHAT WE HAVE EARNED in the name of a GREATER GOOD? Especially when Wall Street, corrupt banks, and a corrupt government have already RAPED US OUT OF MOST OF WHAT WE HAD.

Let's get real here Barack Obama...you want to put America on the right track?

1. Let us cut Federal Salaries across the board by 30 percent...that still leaves them on average 10 percent above Private Industry pay scales for similiar jobs. You talk about BELT TIGHTENING, but want to leave Federal Government and ALL OF ITS EMPLOYEES AS SACRED FUCKING COWS!

2. Let us scale back PENSIONS for elected officials...tell me Mr. Obama why it is that members of Congress are GUARANTEED $40,000 A YEAR FOR LIFE after spending ONLY FIVE YEARS in Congress! (that figure goes up with each additional year they serve) Tell us Mr. Obama...how much will you get when you leave office between your Presidential pension and your pension from serving in the Senate?

3. Let's SCALE BACK the Health Care that Elected Officials and Federal Employees get so that it is on par with whatever it is that Average Americans will get under your proposed Health Care Reform...after all, why should we be paying with our taxes for a Health Care Plan for Federal Employees that is better than what we can afford for ourselves. Lets have PARITY HERE MR PRESIDENT, instead of a system that has Federal Employees being defacto a SPECIAL AND PRIVILEDGED CLASS OF PEOPLE much like what existed under the good old days of the USSR.

4. Stop all BAILOUTS to corporate America...you should have simply BOUGHT UP THE TOXIC assets to begin with...buy them, don't buy them, but stop throwing our dollars DOWN A RAT HOLE through bailouts, and the purchasing of WORTHLESS STOCKS.

5. Our men and women in the Military deserve great pensions. What they do not deserve, is collecting those pensions before the age of 64. All Federal Pensions, including those for members of our military should have a earliest age of collection of benefits cap on them of 64. It is rediculous that people can put say 30 years into government and then at say 48 (assuming they went into military at say 18)start collecting retirement benefits. My wife has 30 years in, but cannot collect her retirement benefits for at least seven more years at age 59 and one half...it would be 64, but there is no pension, only mandatory (matched) 401K account. Further, those who collect Federal Retirement Pensions should NOT BE ALLOWED TO DOUBLE, TRIPLE DIP by also collecting Social Security...one or the other, but NOT BOTH. Same with elected officials that GAME THE SYSTEM and are collecting sometimes as many as FOUR DIFFERENT GOVERNMENT PENSIONS. YOU GET ONE...end of story.

6. Your Omnibus budget calls for (on average) an eight percent budget increase for almost every department of Federal Government...you call that TIGHTENING YOUR BELT. No, lets have an across the board TEN PERCENT CUT. My proposed Salary Cuts would attain this goal.

7. You say you want to stop funding Federal Programs that do not work...let us start with AFFIRMATIVE ACTION, the most racist of all Government Programs. Equal Rights are not SPECIAL RIGHTS. The time when the Congressman Rangel's of the world see nothing wrong with calling for SPECIAL FORMULA's AIMED AT KEEPING WHITEY OUT have got to come to an end.

8. Pass a Federal law that stops all funding to organizations, cities, states that aid and abet illegal aliens. The time of IGNORING OUR LAWS, the time of letting people break our laws in the name of CHEAP WAGES needs to end RIGHT NOW. You want us to respect our government, you want us to respect Law Enforcement officials, you want us to respect the courts and its judges, then lets have LAW ENFORCEMENT FOR EVERYONE, rather than a system that IGNORES IMMIGRATION ENFORCEMENT because the NAtional Chamber of Commerce wants the CHEAPS WAGES that unchecked illegal immigrations affords them.

9. Withdraw from the WTO (World Trade Organization) and end NAFTA. A World Economy has shown itself FATALLY FLAWED...especially when the big gorilla in the room (CHINA) decides it can manipulate its currency so that everything is stacked in its favor.

10 Corporate GREED has wiped out most Middle Class Americans, and Boomers 401 K accounts, destroyed the equity in our homes. To partially restore what was wrongfully stolen from us, through A Executive Order, or Congressional Law, there needs to be a WRITE DOWN OF ALL PERSONAL DEBT (including mortgages) of 30 percent. Wall Street and the banks caused this Economic Crisis, they got their bailout, and now it is time to GIVE US OURS, RESTORE TO US WHAT THEY COST US...we want our WRITE DOWN OF DEBT!

Curious here Mr. Obama...what happens if Main Street America says they have had enough. What happens if those home owners that have been screwed say FUCK YOU AMERICA, I am walking away from my UPSIDE DOWN MORTGAGE, I am NOT GOING TO PAY THE DEBT RUN UP ON MY CREDIT CARS BECAUSE MY COUNTRY SCREWED ME, AND IT IS PAY BACK TIME? We both know the answer Mr. President, we both know how quickly you would have to declare Martial Law, how quickly you would have to create FORCED LABOR CAMPS. In short, it would be a broken Democracy desparately trying to hang on to power as Anarcy swept across the land...SIMPLY STATED, WE WOULD BECOME MEXICO ON STERIODS.

So stop GAMING US OBAMA, stop pretending like we have a seat at the table, and instead GIVE US A SEAT AT THE TABLE.

Obama...Let Tax Cuts Begin...OH PLEASE, STOP THE BULL SHIT

Let the tax cuts begin...who is Obama trying to FOOL HERE? First, on average (this from CNN) each family is only going to receive $13 per week...face it, $800 does not go as far as it used to, and when it is SLOWLY doled out over a one year period, it is an INSULT for Obama and his administration to be making ANY KIND OF A DEAL ABOUT IT. Tell me Obama, what am I going to do with $13 a week?

1. I could save it all up for two months and get a haircut at a good salon.

2. Once a week my wife and I could have coffee and a slice of cake at Starbucks.

3. If I stick to store brand, can get a gallon of milk, loaf of bread and some peanut butter and jelly...WHOOPS, almost forgot...because our federal government does such a LOUSY JOB on protecting our food sources, peanut butter is off the list right now.

4. Half a tank of gas.

In short, here is the truth about the UGLY DUCKLING that Obama does not want us on Main Street to figure out. It is TRICKLE DOWN ECONOMICS at its worst. For starters, a FULL FIVE PERCENT of the entire Stimulus Bill is given to the government itself to create more government with under the guise of MANAGING THE MONEY...let's make the beast bigger. The rest of the money is then given to BIG PROJECTS and BIG COMPANIES who will then spend most of it on themselves with very little of anything trickling down to us...OH, the jobs...because E Verify was left out of the bill deliberately, 300,000 of those jobs (if they are actually created) will go to illegal aliens...even worse, leaving E Verify out of the Stimulus Bill allows around 1.7 million illegal aliens to KEEP WORKING at jobs FULFILLING FEDERAL CONTRACTS THAT ARE PAID FOR WITH OUR TAX DOLLARS.

Since Obama went on Latino TV recently, and promised the Illegal Aliens AMNESTY IS COMING, I would like him to explain to us here on Main Street why it is that CRIMINAL ILLEGAL ALIENS get to keep their jobs (because of his signing the bill) while Americans HAVE LOST THEIR JOBS. You see Mr. FIRST BLACK HARVARD EDUCATED PRESIDENT, we are in a depression, and it IS US OR THEM (as a black man you should understand this concept), and you and YOUR CONGRESS seem intent on CHOOSING THEM...explain to me why, and explain to me why LEGAL CITIZENS ON MAIN STREET SHOULD NOT TAKE TO THE STREETS IN A COLLECTIVE MASSIVE UPRISING IF YOU FORCE THAT REALITY (AMNESTY FOR ILLEGALS) DOWN OUR THROATS. What gives you and Congress the right to allow NON CITIZENS, CRIMINAL ILLEGAL ALIENS the right to take bread out of our children's mouths?

For that matter, what gives you and Congress the right to give TRILLIONS OF OUR TAX DOLLARS to Corporate America (the UBER RICH), to FAILING BANKS (more UBER RICH) and then toss THIRTEEN DOLLAR A WEEK crumbs at us? You call that CHANGE, I call that a CON JOB.

Obama to Treasury: Start cutting taxes

President tells U.S. Treasury to implement cuts in for 95 percent of Americans; by April 1st, workers will see less taxes withheld from paychecks.

February 21, 2009: 10:14 AM ET

Stimulus should 'prime the pump' FOR UBER RICH

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What the stimulus does for you NOTHING

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WASHINGTON (Reuters) -- U.S. President Barack Obama ordered the U.S. Treasury Saturday to implement tax cuts for 95 percent of Americans, fulfilling a campaign pledge he hopes will help jolt the economy out of recession.

The tax cuts are part of a $787 billion economic recovery plan passed by the Democratic-controlled Congress over Republican opposition. The aim is to put more money in the pockets of Americans and stimulate the economy by increasing consumer spending.

Why Middle America Should Just Say No To Bailout and Stimulus Packages

LIAR AND CHIEF

The more I see of Washington, the more I see of the Obama Bailout and Stimulus plans, the more I am convinced that President Obama and our National Government have no clue, the more I am convinced that they have no compassion for the average American who is being screwed royally as our economy crashes and burns. The more I see, the more I am convinced that the time has come for Middle Class American to take to the streets, the more I am convinced that we must use whatever force is necessary to take back our lives, our jobs and our American Dreams from those that are trying to steal them, and that includes every Politicians in Washington, DC and every illegal aliens residing/working within the borders of the United States of America.

Perhaps someone from the White House can explain to me why it is that my taxes should be used to bailout banks bad investments, why I should support a plan that would buy up Wall Streets bad paper when it is thier actions that have cost my wife and I over $100,000 in lost equity in our home, thus leaving us in an upside down mortgage? Perhaps Obama could explain to me why it is that I and others in the Middle Class have to accept our share of a Federal Bailout to the tune of trillions of dollars when, through no fault of our own we have seen our own retirement plans and 401 K's drop hundreds of thousands of dollars in value because of illegal activity on the part of Wall Street, and America's banking system....where is our bailout, and where are the criminal prosecutions of these rich elitists who broke our laws, stole our dreams? Your PALTRY $1,000 tax deduction when it is the government's failure to regulate to do its job that has cost us hundreds of thousands of dollars of our life nest egg is a REPUGNANT INSULT....take your rebates and tax breaks and stick them up your collective asses! Stop trying to march out before the people saying you are ON OUR SIDE...you are not on our side, and your desire to coddle ILLEGAL ALIEN SCUM proves that....who the fuck do you think you are when you intend of thwarting the will of the people in pursuing an Amnesty for 12 -25 million illegal alien criminals? Who do you think you are in supporting MORE H1 Visa's in the name of the National Chamber of Commerce and CHEAP WAGES?

There is talk about screwing us Boomers out of our Social Security because the system is BROKEN....with all due respect, this year alone (counting the matching donation from our employer on our behalf) my wife and I have put more than $11,000 into the Social Security System, have done so for years...WHAT HAS WASHINGTON DONE WITH OUR MONEY, when is Washington going to REPAY the IOU's in the Social Security Account for money wrongfully borrowed and used for decades now?

Don't tell us when we have paid into the system for over three decades now that we should be willing to accept the reality that Social Security will not be there for us, or if it is there for us, we will get less than half of what we are supposed to recieve in the name of preserving the system for future generations...SCREW YOUR TALK ABOUT FUTURE GENERATIONS....we have sacrificed our whole lives, and now you want us to live out our retirement years in abject poverty for FUTURE GENERATIONS...sorry, but FUCK YOU, FUCK THE DEMOCRATS, FUCK THE REPUBLICANS, and FUCK THE CORRUPTION THAT IS WASHINGTON DC, and FUCK THOSE FUTURE GENERATIONS...with Affirmative Action and various other Federal Mandates that always saw people like me asked to sacrifice for a larger societal goal, I am TIRED OF WAITING...it is my/our turn now, and all your talk of us pulling up our bootstraps and digging in so that those following in our footsteps can have a better life is HORSE SHIT. We played by the rules, even when those rules were NOT FAIR TO US....now it is our turn, and the fact that you expect us to give it up is simply unacceptable.

Tell me Mr. Obama why I and other Americans in the middle class, why almost 75 million Boomers close to retirement should be willing to sacrifice in the name of future generations when you and other fuck turds in Washington continue to let Illegal Aliens steal our jobs, depress our wages and ruin our neighborhoods? Tell us why is it you want to give them AMNESTY as it is the right thing to do (for who?)...do you know how OFFENSIVE THAT IS MR OBAMA...why the fuck does some CRIMINAL who broke at least four of our laws in being here deserve AMNESTY...they deserve a CRIMINAL RECORD AND DEPORTATION. If I as an American citizen broke the number of laws that an illegal alien breaks in being and working here in America illegally, I would be IMMEDIATELY ARRESTED, but in the name of the National Chamber of Commerce you and other scum like you want to look the other way, want to grant these scum AMNESTY. Tell me MR OBAMA...how many children of ILLEGAL ALIENS got health insurance when you signed into law your new Health Care Law....do you really think that is fair? If you do, you are one dumb assed ignorant Harvard Graduate. We in the middle class are tired of the worn out lie...they are taking job we will not do...BULL SHIT! IF those hiring illegal aliens PAID A LIVING WAGE, hard working Americans WOULD TAKE THOSE JOBS IN A HEART BEAT.

You promised change...where is it? You tell us to be patient...why should we be patient when every day we see you and your ilk continuing to bail out the rich and elite while fucking us over in the middle class.

Lets have some STRAIGHT TALK here Mr. Obama...how much do you expect US IN THE MIDDLE CLASS to suffer in the name of your dream of building a Socialist Nervana in which the rich and elite rule over a enslaved and meek serdom of broken middle class citizens? Can you give us a good reason Mr. Obama why we should not take to the streets in massive protests? Can you give us a reason why we should not take actions to protect our own jobs, to see that illegal aliens stop being allowed to work at jobs that are rightfully ours? Can you give us a good reason why we should not just walk away from our upside down mortgages, why we should not stop making payments on our credit cards and simply let the economy crash? If everyone but US IN THE MIDDLE CLASS are going to get a bailout while we are left holding the bag, why shouldn't we rebel against the injustice of it? You want to KEEP PEOPLE IN THEIR HOMES, but at WHAT COST TO THOSE OF US THAT PLAYED BY THE RULES? Their buying houses they could not afford, idiot banks lending them the money to do so have cost us EVERY PENNY OF EQUITY WE HAD IN OUR HOME, we are now in an upside down mortgage....yet, where is OUR FUCKING BAILOUT MR. PRESIDENT.

You say you want to HEAR US, then try really listening, know the anger that is seething here in our middle class neighborhoods, under stand the bitter hatred we have of illegal aliens because they HAVE STOLEN OUR JOBS, HAVE DEPRESSED OUR WAGE BASES, HAVE IN MANY CASES RUINED OUR NEIGHBORHOODS while Washington looks the other way, tells us in 30 second sound bites that Amnesty is the right thing to do. Tell me MR AMNESTY PRESIDENT...do you know what it is like to have 30-40 illegal aliens living in the house next door to you, and in the house across the street...do you know what its like to have the local police DO NOTING ABOUT IT because our city acts as a Safe Haven for ILLEGAL ALIENS.

Understand how close many of us are to saying to hell with it, as we walk away from our own debts and upside down mortgages convinced there is no other course since our government has decided it is us who have obeyed the rules that must bail out those that did not...A Nation of laws...BULL SHIT! In a nation of laws, 12-25 million illegal aliens would be deported, those that hire them prosecuted for their crimes. In a nation of laws, our banks would be nationalized, and entire management teams imprisoned for life. So far MR OBAMA, you have given people like me NO REASON to be patient, given us no reason to believe that you are on our side. Instead, we see more of the same as illegal aliens are coddled to, and the UBER RICH get bailed out at the expense of the middle class, while the National Chamber of Commerce uses their might to get you and the Congress to give them more and more bodies as they work to keep our wages depressed and bottomed out.

I would STRONGLY SUGGEST that you Mr. Obama stop playing games, would suggest you come before the American people ASAP and explain what it is you are going to do to make those of us in the Middle Class who have played by the rules our entire lives WHOLE AGAIN. Explain to us why we should accept AMNESTY for 12-25 million illegal aliens, why we should respect your belief that they should be allowed to keep their jobs when 5 million of us have lost our jobs, explain to us why you are KILLING E VERIFY in the name of scum sucking criminal illegal alien scab laborers that have depressed our wage base here in the middle class, stolen jobs that belong to us and our children. Explain to us Mr. Obama why we enmasse should not simply turn our backs on a government in Washington that has betrayed us, crippled if not forever stolen our AMERICAN DREAM. Oh...one last point...being against illegal aliens does not make myself or others racist...ILLEGAL ALIENS ARE CRIMINALS regardless of their nationality or country of origin. As example, I want ALL ILLEGAL ALIENS DEPORTED...this includes all the ones from Mexico, but also includes (as example) all the ones from Ireland as well.

The Innocents Compensation Board...Make Main Street Whole

The Innocents Compensation Fund

Author: Sherwood Martinelli, aka Royce Penstinger

In the past say 18 months we have watched the United States Economy unravel, have watched as our mortgages became upside-down, watched as our life savings invested in 401K’s have been devastated, and in some cases made worthless. We have sat in our living rooms stunned as our governments refused to take adequate action against Illegal Aliens that were lowering our wage base, decimating our incomes, stealing our jobs. As the United States Congress tried to ram an Amnesty down our throats we shook our heads in disbelief that our elected officials refused to abide by the wishes of the majority. Against our will, the House of Representatives approved a bailout that will eventually cost us as taxpayers trillions of dollars. Many of us have slid into depression as the stock market crashed, sat in our living rooms mourning as the DOW Jones plummeted under the 9000 mark. Can we be blamed when we ask, “My country, why have thou abandoned me?”

George W. Bush and his advisors including Secretary Paulson are telling us to remain calm that they are working at finding solutions, telling us to be patient and give their bailout a chance to work. With each passing day another pundit such as Ali Velshi trots out in front of the cameras telling us everything is going to be all right, assuring us that we have almost HIT BOTTOM.

What has not been talking about, is those of us who have been destroyed through no fault of our own, where is our bailout? Is it fair that the least deserving in this crisis are being made whole, while the rest of us (the middle class) are asked to pick up the pieces, are asked to sacrifice, asked to tighten up our belts, grin and bear the fact that we are being asked to pay the bill for those who either A) through greed have robbed us blind and crashed our economy, or B) secured mortgages that they could never afford.

If we roll AIG into the mix, the bailout of Wall Street is already costing us as taxpayers right at $1 trillion dollars. In addition to this, we have the FED taking over failed banks, and offering to recapitalize others. Secretary Paulson announced the other day that the treasury would now start lending money on the short market. Additionally, there is a plan afoot to buy mortgages (bad paper) at FACE VALUE from those holding it, then renegotiating a new mortgage on the lowered value of the home with a fixed rate 30 year loan with those in foreclosure. What about the rest of us? It is those very mortgages and foreclosure that have lowered our home values to the point where we are not in upside-down mortgages. Where is the fairness and justice for all in rewarding those who caused the mess while doing nothing for those of us that have paid the ultimate price for their misdeeds and stupidity?

This crisis has already cost our retirement account over $300,000 dollars, and our home has lost over $100,000 in equity. What had seemed like a perfect road to retirement at 60 is now a pathway to a nightmare of broken dreams and promises, a working life that will now have to be extended for years, perhaps even more than a decade. We actually heard John McCain the other day say that our Social Security Benefits (our entitlements) will have to be cut, scaled back as we all pitch in to get through these turbulent times. Excuse me, but each time we get a paycheck, there is a deduction from our pay that is supposed to be matched by our employer and put into a SAFE AND SECURE fund so that we have a safety net, a guaranteed income in our Golden Years. As of today, we have been paying into that fund for almost 40 years! We were told, we were promised by the Social Security Administration that our funds were secure, and based on our contributions; we would receive some $2100 a month in retirement if we retired at the age of 64. Now we are being told, “Sorry Charlie, we lied to you, we have squandered away your security.”

Again, where is our bailout, where is a fund meant to make us whole? Where is the Congress in passing emergency legislation that lets us write these losses off of our taxes this year? Where is a fund, or a plan to renegotiate our mortgages based on the current depressed values of our homes? Where is emergency legislation that allows us to take money out of our 401K’s and Retirement funds without penalties? Where is emergency legislation to change bankruptcy laws, and to put and end to predatory interest rates and fees being charged by credit card companies? Simply stated, when is our government going to bring parity, fairness and justice to the table, when is our government going to take action to make those of us who have played by the rules whole again?

Britain Follows George Bush Lead...Bails Out Banks At Taxpayer Expense

Tony Blair may be gone, but like a well trained poodle, Britain's government has announced its own $87 BILLION DOLLAR bailout of its banking industry, foisting the burden off on the oppressed citizens of the nation! Apparently this Bailout Bug that infects Main Street America is catching, and like the Bird Flu is racing around the globe.

The United States of Socialized Banking

According to Secretary Paulson, affectionately called GOD at the Federal Treasury, the bailout bill passed by Congress would give the treasury the right to give banks direct cash infusion in exchange for ownership in those banks! With everything else he has tried failing, Paulson seems about to WADE INTO SOCIALIZED BANKING in yet another attempt to restore confidence in America's financial sector. Here is a CLUE Mr. Paulson...use that money to buy out all first home mortgages in America directly from the property owners, and then remortgage said loans at FED interest rates for 30 years. You can use the interest collected to begin paying down the NATIONAL DEBT. While you are at it, rescend China's Most Favorite Nation trading status.

U.S. May Take Ownership Stake in US Banks

By EDMUND L. ANDREWS and MARK LANDLER

Published: October 8, 2008

WASHINGTON — Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials.

Shawn Thew/European Pressphoto Agency

Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash directly into banks that request it. Such a move would quickly strengthen banks’ balance sheets and, officials hope, persuade them to resume lending. In return, the law gives the Treasury the right to take ownership positions in banks, including healthy ones.

Dow Down Almost 500 Points! It's The Economy STUPID

The BLOOD BATH continues on Wall Street as McCain and Palin toss red herrings to the crowd out on the Campaign trail. Hello, the DOW is significantly below 10,000, the DOW is far below where it was when George W. Bush took office eight years ago. John McCain has voted with the George W. Bush Administration 93 percent of the time in those EIGHT YEARS. Ask yourselves America, "Are you better off now than when George W. Bush took office?" Ask yourselves America, "Do you really want four more years of the George W. Bush economic agenda? Can you afford four more years of the George W. Bush economic agenda?"

In the mean time, how many Americans understand that the FED has actually implemented today a SECOND WALL STREET BAILOUT, completely separate from the first? If they are wrong, your money IS WORTHLESS, your savings is WORTHLESS, your 401 K's are WORTHLESS, and you will be saddled with hundreds of thousands of dollars in debt as your share of these two bailouts!

We Should NOT Lend California $7 Billion Dollars

With the ink not even dry on the Wall Street Bailout Pork Barrel Christmas Tree bill, the Governor of California was on the phone to the treasury saying, "Hey guys, I need a $7-10 Billion dollar bailout, a LOAN to get me through. Sorry Arnold, but you and the state of California are not deserving of a Federal Tax Payer loan or bailout, and it has nothing to do with your state's credit rating.

Fact, California is home to the two biggest SANTUARY CITIES in America. Your state, San Francisco and Los Angeles thumb your collective noses at Washington, DC our constitution and the the citizens of the United States who are the ultimate holders of our nations purse strings.

Your state, your two largest cities, your businesses have willfully ignored the law, allowed MILLIONS of Illegal Aliens to take up residence in your state. You allow your companies and agricultural businesses to hire illegal aliens, rather than pay LAWFUL CITIZENS A LIVING WAGE. You use our taxes to provide these illegal aliens with foodstamps, health care, access to education, and other social services. Well, here is REALITY...if your state did not have these Santuary Cities, if you cracked down on ILLEGAL ALIENS, your state would be running a surplus (illegal aliens cost California $10.5 Billion a year)....so, you want money, OBEY OUR LAWS, get rid of the illegal aliens, and tell San Francisco and Los Angeles to get their shit together, and start ENFORCING LAWS and cooperating with Federal Law Enforcement agencies. When you get around to actually addressing these issues, come back to the treasury and we'll take another look at your request.

Ten Great Reads From Democratic Daily

Just in from the folks over at the Democratic Daily...TEN GREAT READS.

Democratic Daily

DemDaily Ten Post Round-Up: Big News in Digestible Bits http://tinyurl.com/49l6po via @ShareThis 29 minutes ago from web

On with today’s round-up:

• Beautiful anti-Prop 8 ad.

• Everything you need to know about McCain’s Health Care Plan.

• Roger Ebert gives thumbs-down to McCain.

• Avoiding stock market panic.

• Beware of websites in sheep’s clothing…

• Fall Out Boy Rocks!

• Even in death Buckley continues to be highly unlikeable…

• Add substantially to your savings by banking every $5 bill…

• Car sales are being affected by this tight economy.

• Is this really the man we want running the country?

• Student loans are also being affected by this tight economy…

One Vote For One Pork Barrel Project, House Members Are Converted, Ready To Vote For Bailout

In what can only be described as an orgy of ass sucking, brown nosing, self serving Pork Barrel for Votes debachery, many members of the House are now scurrying onto the Bailout Wall Street bill to be voted on later today.

Oct 2, 11:41 PM EDT

Wave of House converts jump aboard bailout bill

By JULIE HIRSCHFELD DAVIS
Ass

WASHINGTON (AP) -- A wave of House converts jumped aboard the $700 billion financial industry bailout Thursday on the eve of a make-or-break second vote, as lawmakers responded to an awakening among voters to the pain ahead of them if stability isn't restored to the tottering economy.

Black lawmakers said personal calls from Democratic presidential nominee Barack Obama helped switch them from "no" to "yes." Republicans and Democrats alike said appeals from credit-starved small businessmen and the Senate's addition of $110 billion in tax breaks had persuaded them to drop their opposition.

"I hate it," but "inaction to me is a greater danger to our country than this bill," said GOP Rep. Zach Wamp of Tennessee, one of the 133 House Republicans who joined 95 Democrats in rejecting the measure Monday, sending the stock market plummeting.

ociated Press Writer

National Chamber of Commerce THREATENS LAW MAKERS...WHERE IS FBI?

The National Chamber of Commerce, lovers of Amnesty, Liberal Guest Worker Programs, CHEAP WAGES, a Wall Street Bailout, and against LIVING WAGES is threatening our law makers in Washington, DC. Vote for the Bailout Bill, or we will see to it that you have NO CAMPAIGN FINANCING to speak of! Wonder if the moderator will bring up THIS BREAKING STORY.

Do us a favor sports fans...pick up the phone and all the National Chamber of Commerce and tell them to keep their fat assed lobbyist OUT OF THIS, and let the voice of America's MAJORITY be heard. While you have them on the phone, tell them to STOP TRYING TO KILL E VERIFY.

U.S. Chamber of Commerce
1615 H Street, NW
Washington, DC 20062-2000
Main Number: 202-659-6000
Customer Service: 1-800-638-6582

A Good Reason To Vote Against BAILOUT

Again, just in from Politico...well, it has been in for awhile, but i just read the article myself. It seems that George Bush (REPUBLICAN) has given LOBBYIST a CONGRESSIONAL HIT LIST and encouraged them to head to capital hill and start ARM TWISTING! Folks, if this bill is GOOD FOR LOBBYIST and THOSE THEY REPRESENT, it is bad for America, and bad for the Middle Class. Call your elected officials in the House of Representatives and demand that they VOTE NO on the Wall Street Bailout. You can change its name, put lipstick on it but a pig is still a pig, and a BAILOUT IS A BAILOUT.

In the wake of the stunning House defeat of the $700 billion economic rescue plan, the business community has launched an unprecedented lobbying blitz to polish the plan's public image and change some votes.

Since Monday, calls have gone out to local bankers, car dealers, CEOs, small businessmen and virtually every other type of lender and vendor, urging them to corner their local congressmen and tell them how the credit crunch is hurting them — not just some fat cats from Wall Street.

Lists of House members who opposed the package were scoured, traded and passed on. About 80 were identified as primary targets after being deemed potential vote switchers, one insider said.

Tarp Over Pile of Shit...The Wall Street Bailout

At least there is one proper labeling in all this...in both the House and Senate, Troubled Asset Relief Program, or TARP is so apropos...let's just cover up all this SHIT with a tarp for 5-10 years until everyone forgets about this mess, then we'll sell this crap on the sly to the UBER rich as rental properties.

Meanwhile, to make this deal more palatable to Main Street America, the Senate has tossed in a few bones for us POOR FOLK. Gee, HOW NICE. You still have not put in anything that saves our homes, you have not put anything in the bill that would restore OUR LOST HOME EQUITY. Instead, all the bill does is Bailout Wall Street, and maybe restore the flow of credit...uhhh, isn't that what GOT US INTO THIS MESS to begin with? Maybe it is time for us to live for awhile without an endless line of credit. Finally, another paragraph I have problems with that gives the Secretary of the Treasury with ABSOLUTE IMPUNITY...in short, he gets to PLAY GOD OF OUR ECONOMY.

(1) AUTHORITY.—The Secretary is authorized to establish the Troubled Asset Relief Program (or‘‘TARP’’) to purchase, and to make and fund commitments to purchase, troubled assets from any financial institution, on such terms and conditions as are determined by the Secretary, and in accordance with this Act and the policies and procedures developed and published by the Secretary.

MEANWHILE, Senator Reid is trying to SCARE US into accepting this bill by dropping hints that a MAJOR insurance company is on the VERGE OF BANKRUPCY...hmmmm...another AIG bailout on the way? Any one care to take a guess on what Insurance Company it is? Prudential? Mutual of Omaha? Travelers? Do we, or should we really care?

How About a Bailout For Main Street Instead of Wall Street?

Monday, September 29, 2008

The Wall Street Bailout From The Perspective Of One Middle Class American

Lets stop listening to the pundits on CNN and FOX for a few minutes, and examine the defeated Bailout For Wall Street from the perspective of Main Street America. If you agree with me, contact your elected officials and tell them we want a Main Street Bailout instead of a Wall Street Bailout that simply reapportions more of OUR WEALTH into the hands of the UBER RICH.

The Bailout of Wall Street Bill went down in flames today for various reasons, primary among them thin skinned Republicans voting not for the country, but out of anger as they swiped out angrily at Democrats, specific among them Nancy Pelosi. There will be no revote before Thursday because someone decided the Jewish Holiday was far more important than our nation…sorry, I have a problem with that one. Surely God would understand breaking the Sabbath in a National Time of Need? The bill as it exists is a farce that does absolutely nothing for Main Street America, no matter what pundits such as Ali Velchi say, no matter how much they try to convince us otherwise. The bill should go back to square one, the lobbyist should be LOCKED OUT OF THE HALLS OF CONGRESS, and a new bill should be written.

The Troubled Asset Relief Fund:

Bill authorizes $700 billion for the fund in installments. Treasury gets $250 billion, with an additional $100 billion immediately accessible, and with no strings attached to it. Congress supposedly has the option of blocking the $350 billion by issuing a joint resolution within 15 days of the request. Problem is, the President could simply veto said resolution, and unless there are enough politicians to override the veto, Wall Street gets the money…in short, the resolution out is nothing more than a paper tiger with no teeth.

How it all is supposed to work:

Treasury (specifically Mr. Paulson) will hire asset managers from his close circle of out of work friends who will figure out how to buy bad loans and other ailing assets from financial institutions. Those OTHER AILING ASSETS are not defined, left instead up to the discretion of one Secretary Paulson! Other details, such as pricing and purchase procedures, are left to the sole discretion of the Secretary of the Treasury and his hand picked staff

The bill would require the Treasury to establish guidelines for pricing, setting value of troubled assets, and mechanisms for purchasing assets, procedures for selecting asset managers and criteria for identifying troubled assets to buy, all within 45 days of the legistlation being passed and signed into law. If you start doing the math, Mr. Paulson would have started writing out BIG CHECKS to Wall Street just in time for Christmas. Perhaps the Republicans refused to vote in favor of the bailout today as the bill was not a big enough Golden Parachute to give to their friends as they give up the White House.

The bill would require the Treasury to purchase assets at the lowest price, most likely through auction, and occassionally directly from institutions. Problem with an auction…the UBER RICH will scoop up the BEST of these lousy assets, and leave us the taxpayers with the pits while the Buffett’s of the world scope up the cherries.

Executive compensation:

The legislation supposedly placed restrictions on executive compensation for certain companies that sell assets to Treasury. In reality, there are so many ways to dance around this salary limit that it amounts to nothing more than window dressing meant to apease the masses here in Main Street.

As a part of the bailout, taxpayers were supposed to get an Equity stake in the companies we were bailing out. Instead of an equity stake, Congress created a second tier profit picture for these companies. Instead of receiving stocks, the legislation has the Treasury receiving warrants from the companies that participate in the program. First, a warrant gives the holder the right to buy stock later on at a HIGHER PRICE than it is currently being sold for! So, right now the stock is worth a buck or two. We buy all their crappy assets, we SAVE THE COMPANY, their stock prices start RISING, and then we can go in and buy stock at the now elevated price! WOW, can I have that deal? Even these warrants are not all they are cracked up to be, and there is a HUGE LOOPHOLE…if the treasure buys assets at auction (as most purchases would be) the treasure would only get a small handful of non-voting warrants. Only when the Treasury buys assets directly from an all but failed company would it get a majority equity stake (still in warrants, rather than stock).

Oversight:

In a word…NONE! The oversight was window dressing meant again to apease the masses while having no real teeth. The supposed oversight committee would have the SAME FOXES guarding the hen house.

Protecting taxpayers:

We ARE NOT PROTECTED! Sure, if after five years the treasure has a net loss, the president will be required to submit a legislative proposal to seek reimbursement from the financial institutions that participated. OH WOW! So, the president submits a proposal to the Congress asking them to pass legislation that would make Wall Street reimburse the government for our losses. The proposal is submitted to Congress, the Lobbyist on K Street throw a few campaign donations around, pay for a few trips to exotic places, and WALLA the proposal goes to committee where it is sent down to a sub-committee never to be heard from again!

Help for homeowners:

Again, WHAT HELP, there is NONE. The Secretary will "encourage the servicers of the underlying mortgages" to help minimize foreclosures. Doesn’t that make you feel BETTER? The treasury will ask those we are giving $700 Billion dollars to BE NICE, to work with us rather than take our homes away! Best case scenerio…to make it look good, every one will get and EXTRA 30 days before these financial institutions move to foreclose on your home. Think about it, they foreclose on your home, and have an INSTANT BUYER in the treasury!

Insurance:

What a BONANZA for financial institutions…yet another new product they can foist off on us the homeowner. How long do you think it will be before we are REQUIRED to have Mortgage Guard insurance on our loan at a yearly cost of a couple extra thousand dollars a year!

That is the bill in a nutshell…tell me Main Street, what is in it for us? What safeguards were put into the bill for us? Do you see anything that will RESTORE OUR LOST HOME EQUITY that was squandered away by Wall Street? The pundits want to run to the ramparts shouting their warnings to all who will hear, “The market lost one and a half TRILLION dollars today, the SKY IS FALLING!” I personally have lost over $60,000 worth of Equity in my home as a result of Wall Street. Multiply that times say 20 Million homes, and Main Street has lost $1.2 Trillion of our equity in our homes! Where is our bailout? Maybe, just maybe…instead of bailing out Wall Street, the Congress should bailout Main Street! Renegotiate every foreclosed mortgage in a fashion that lets people keep their homes. Figure out neighborhood by neighborhood how much each home owner has lost in equity, and WRITE US OUT A CHECK! That money would be put back into the economy, rather than being BANKED by the rich and elite who are asking us to pay off their gambling debts.

Time For George Bush To Tender Resignation

Say NO To Four More Years OF THE BUSH DOCTRINE!

Today's NO BAILOUT vote is the clearest signal yet that George W. Bush has no power, is far worse than just a LAME DUCK. This vote was/is a no confidence vote on the entire Bush/McCain administration and their FAILED POLICIES. Every member of George Bush's cabinet, his Vice President, all his political appointees, his Supreme Court choices and he himself should immediately TENURE THEIR RESIGNATIONS and go into exile in any foreign country that would have them, as they are NO LONGER WELCOME or WANTED in the United States of America.

CLOSE THE FUCKING VOTE...America's Middle Class Does NOT WANT THE BAILOUT

Stop the CHEATING Washington SCUM...Wall Street and the Lobbyist HAVE LOST, been handed their heads on a SILVER PLATTER...WE WANT THE VOTE CLOSED, want the Lobbyist out of the halls of Congress this minute. Let the DOW tank! This is a democracy, and the MASSES have SPOKEN...WE WANT THE VOTE CLOSED NOW!

If THIS BILL PASSES, WE NO LONGER LIVE IN A DEMOCRACY...it will be proof positive that VOTES ARE FOR SALE on the Floor of the House of Representatives!

GET ON THE PHONE AMERICAN MIDDLE CLASS, and tell that CUNT Nancy Pelosi to CLOSE THE FUCKING VOTE, the Lobbyist HAVE LOST, and we WANT THEM OUT OF WASHINGTON.

Vote is 199 For, 223 Against...Leadership LOST BAILOUT VOTE...Nut KICKING WILL BEGIN!

The BAILOUT BILL is going DOWN TO DEFEAT unless the Leadership in the House makes some back room deals TO BUY SOME VOTES!

DOW IS CRASHING AND BURNING...DOWN 520!

Normal House Whipping System Broken, Mistress Pelosi Brings In Dominatrix To Pass Bailout Bill

According to, "The Hill", the normal WHIPPING system has broken down, and Nancy Pelosi is bringing out all the stops to get the votes needed to pass the Wall Street Bailout...curious here, if we are supposed to have and open debate about this legislation, how come each member was limited TO JUST ONE MINUTE of time to speak for or against the bailout? Unrelated question...is Jackie Kucinich related to Kucinich the Presidential Candidate, and if so, what strings were pulled to get her the job with "The Hill"?

Arm-twisting on bailout bill begins

By Jared Allen and Jackie Kucinich

Posted: 09/29/08 10:44 AM [ET]

Democratic and Republican leaders are furiously whipping their members to win passage of a massive Wall Street bailout bill that faces an uncertain future hours before a vote. Fractures appearing along non-traditional lines in both parties are forcing leaders to scramble in patching together an ad hoc arm-twisting strategy. “The normal whip operating has completely broken down,” said one Democratic member. “It’s tribal in there.” http://thehill.com/leading-the-news/arm-twisting-on-bailout-bill-begins-2008-09-29.html

Bush Lied About WMD, Why Not Lie To Get Bailout Of His CROONIES?

Right now, the world, and specifically Wall Street are sitting on pins and needles waiting for the House Vote on the $770 Billion Dollar Bailout of the Financial Industry. All the pundits have done their jobs, using fear to convince us, the Middle Class that this is a BITTER PILL we have to swallow. Sitting here myself waiting on the vote, hoping our elected officials do the right thing and JUST SAY NO, I had a thought....what if this is just another George W. Bush/Dick Cheney fast one, Weapons of Mass Destruction all over again as he throws his buddies on Wall Street one last party at our expense before leaving office. Can't you see his little SNEAR right now, hear his snickering laugh as he says, "Trust Me".

Insurance...GIVE US A BREAK! Just Say No To Bailout

Daddy WarBucks Is Laughing All The Way To Bank With This Bill

The more reading I do on the bailout, the angrier I get...for starters, it is easy to see what the Republicans wanted...another AVENUE TO CREATE RICHES for the already UBER RICH. Read the fine print that makes MORTGAGE INSURANCE MANDATORY as a part of the statute. Simply stated, this means everyone of us that goes out to get a mortgage will now be FORCED TO PAY A FEE to cover an insurance policy that protects the UBER RICH from themselves should greed take hold again in the future (which it will). AIG went bankrupt, needed a $80 Billion dollar bailout because they had offered this EXACT SAME INSURANCE! Now, to stop a similiar crisis in the future, some shrewd Insurance Company Lobbyist have convinced Washington that this crisis would not be here if only they'd been able to make every homeowner purchase a mortgage failure policy...ask yourselves who benefits? NOT THE HOMEOWNER!

Further, why is the United States of American bailing out foreign countries and their banks (LIKE CHINA)? Let other countries bail out their own financial institutions...if HSBC or other lending institutes is on the ropes, let their home country step up to the plate.

As American Citizens, we have ONE SHOT at changing this bill! The Lobbyist had a field day last week, are sitting back licking their chops as they laugh at our stupidity. We need to take this CORPORATION PORK BARREL BILL and ram it back up the ASS of Congress and tell them THANKS BUT NO THANKS, go back to the drawing board.