Did you know the $700 billion bail out bill was really about $850 billion after all the pork was added? That is how they changed votes. They bribed each vote with pork. We are seeing today how good the bailout did, as of this writing the stock market is down about 10 percent since the great rescue bill was signed a few days ago. Guess what? Our champions of fiscal responsibility running for President signed the bill with $112 billion of pork added. In the last debate they were arguing about saving some of the $16 billion in earmark spending. However, they just signed a bill that contained $112 Billion in pork in one shot and our dumb president signed it without even reading it. Someone might think that they all need to take some Zanax or were being blackmailed. Who knows, those who hold our dollars like China and the oil rich states may have given them an ultimatum. Pass the bail-out bill or the dollar goes down the toilet. That’s about the only thing that explains the panic.

If McCain or Obama still have the gall to lie in our face about cutting pork everyone should turn off their TV’s or walk out of there rallies. Why enable liars? What good will it be to try to save me a pork chop in the future when you just proved to America that you will vote for a huge pork feast.

Believe me, the bail-outs are not over. The FDIC will now need $200 billion to bail out the failing banks, State governments will need bailing out, Unemployment insurance will need bailing out and many more taxpayer bailouts will come in the future. Tax revenues will also fall and taxes are likely to be cut to stimulate the economy. By the time we get through this crises (if we do) we could easily be $15 trillion in debt. Those nations who are bailing us out now with low interest rate loans are not likely to do so after this crises is past for the world. But we will still have $15 trillion of debt to service at a interest rate given to a nation that spends way beyond its means. Think about what that means to this nation in the future.

The bail-a-holics

The truth is most lawmakers voted to pass the bill but don’t have a clue what is in this 500-plus page legislation, which was birthed in the White House just two weeks ago as an infant of only three pages. It was then voted down at the Capitol a week later in its adolescent-sized 100 pages. And of course, in good bureaucratic fashion, it passed mature criteria when it was more than five times the size and packed with governmental goodies. And the president signed it just an hour after receiving it from Capitol Hill on Friday – I guess that speed reading course paid off.

In the fine print, inserted between the lines of that 500-plus page bill, are loads of fiscal additives and more financial toxic relief. Yes, the rumors are true. H.R. 1424 – Emergency Economic Stabilization Act of 2008, which has now been signed into law, officially includes more than $112 billion in political hors d’oeuvres and pork barrel additives that have absolutely no direct relation to the Wall Street bailout. Among them are:

* $6 million in tax breaks for wooden arrow manufacturers in Oregon;
* $148 million in tax breaks for wool-producing companies,
* $128 million in tax breaks for the manufacturers of car racing tracks;
* $10 million in tax breaks to small television and film producers;
* $223 million in tax breaks for Alaskan fisherman;
* $33 million for corporations operating in American Samoa;
* $192 million in tax breaks for rum producers in the Puerto Rico and the Virgin Islands.

What the &^%$#@?! And that’s just a drop in the bailout bucket. And We the Taxpayers are just supposed to sit back and take it in the arrears?

All is not lost, yet. We still have a voice in this bailout – it’s in the ballot box in November’s elections. The remedy for our country is clear: Congress doesn’t need another bailout, but a roundhouse kick right out the door. I plead with you to join me and millions of others in a voter revolution – to oust political and congressional corruption and stalemate. If representatives from your state and districts voted to pass this bailout bill and gamble nearly $1 trillion of our children’s and grandchildren’s taxpaying money, in addition to showing the reckless fiscal behavior of stuffing such a bill with perks and pork, you must not re-elect any such wayward incumbent.

Full article

Not only do ignoramuses like Joe Biden and Katie Couric not even know that FDR was not President in 1929 they fail to understand that the Great depression did not end anywhere near 1929. In fact, it started in the 1930’s and it lasted for over a decade through most of FDR’s Presidency, It took the military expansion for World War II to get us out of the great depression. Also Joe Biden said FDR went on TV in 1929. There was no TV in those days.

In another article, 14 lies or wrong statements were documented from Joe Biden in his Vice Presidential debate with Sarah Palin. He seems to either have no clue on the facts or he is purposely deceptive.

This article also points out the fact that Joe Biden was only one of five senators who voted against the Alaskan pipeline. Think of the situation we would be in now had that pipeline not been built. Can you imagine Joe Biden sitting and advising the President and constantly getting the facts he tells him wrong.

Both Katie Couric and Joe Biden richly deserve my Demented Delusional or Dumb Club award for obvious reasons.

Here is some additional information on the record of Joe Biden

AnnCoulter.com - Printer Friendly Article: BIDEN SECRET SERVICE CODE NAME: ‘ASSASSINATION INSURANCE’

Being interviewed by Katie Couric on the “CBS Evening News,” Biden said: “When the stock market crashed, Franklin D. Roosevelt got on the television and didn’t just talk about the, you know, the princes of greed. He said, ‘Look, here’s what happened.’”

For those of you who aren’t hard-core history buffs, Biden not only named the wrong president during the 1929 stock market crash, he also claimed a president who wasn’t president during the stock market crash went on TV before Americans had TVs.

Other than that, the statement holds up pretty well. At least Biden managed to avoid mentioning any “clean” Negroes he had met.

Couric was nearly moved to tears by the brilliance of Biden’s brain-damaged remark. She was especially intrigued by Biden’s claim that FDR had said the new iPhone was the bomb!

Here is Couric’s full response to Biden’s bizarre outburst about FDR (a) being president and (b) going on TV in 1929: “Relating to the fears of the average American is one of Biden’s strong suits.”

Full article

Dr. Ted Baehr wrote a good movie review of Bill Maher’s new demented move called “Religulous”. What should anyone expect from Bill Maher. Anyone who has ever listened to Bill Maher ought to know that He is one demented demonic sick puppy who cannot help but let everyone know about it.

Why would anyone think a demented mind mocker like Maher could know anything about Christianity or religion? Bill Maher is a prime example of a demonic person full of their own self enlightenment. The only thing this move will prove is that some people will watch anything in the theaters these days. Of course Bill Maher richly deserves my Demented Delusional or Dumb Club award for his unique contribution to foolishness.

Christian Worldview Network - Brannon Howse - Arrogant, Irrational Hypocrisy: Humanist Comedian Bill Maher’s New Movie Is Full of Falsehoods, Bigotry, Ignorance, and Hypocrisy

Arrogant, Irrational Hypocrisy: Humanist Comedian Bill Maher’s New Movie Is Full of Falsehoods, Bigotry, Ignorance, and Hypocrisy
By Dr. Ted Baehr, Publisher of MOVIEGUIDE®, and Dr. Tom Snyder, Editor

“Religulous,” comedian Bill Maher’s new movie attacking Christianity and religion, is full of lies, half-truths, false assumptions, logical contradictions and fallacies, distortions, intolerance, prejudice, bigotry, arrogance, ignorance, and hypocrisy. Opening Oct. 3, the movie is a pathetic propaganda piece that will warp the hearts and minds of the gullible and the ignorant. It is also very poorly researched and argued.

At the end, Maher launches into a diatribe comparing all religious leaders and believers, including President George Bush, to evil and ignorant Muslim terrorists. After making that overbroad generalization, Maher angrily denounces people of faith for being too certain and too judgmental. He then tells them that it is actually more “humble” to acknowledge doubts and belief in God and religion, like he does.

It is telling that none of the Christians Maher talks to in “Religulous,” not even Father Coyne, actually makes their living as professional biblical scholars or history scholars, much less as professional Christian debaters. Thus, all the alleged evidence that Maher summons against Christianity and religious faith in his movie is about as empirically and logically one-sided and invalid as you can possible get!

Of course, at the same time Maher accuses his opponents of these nasty things, he is doing the same things that he just accused them of doing. Maher’s tirade is not only logically self-contradictory, and, hence, irrational, it is also hypocritical. Instead of pointing fingers at religious people, especially Christians, Maher needs to look at himself in the mirror!

Full article

Here is another view of the movie and some implications, by Ray Comfort

The unexpected happened today the 700 billion dollar bailout plan failed in the House. The main reason it failed is Speaker Nancy Pelosi’s big mouth. She knew they had a close vote in the House but she just could not resist the temptation to use the biggest financial crises in modern times to rail in front of the whole House against the Bush administration and the Republicans just before the all important vote. Thus she lost the vote from some republicans. Leaders should know when to speak and when to keep their mouths shut but not Nancy “I am trying to save the world” Pelosi. She is not even in control of herself.

So a bill that would have brought us on a path to state socialism failed today but you can be certain they will try to bring it back by the end of the week. Now we will probably see a huge sell off in the markets and that will be all that it takes to get the votes. Nevertheless, in the next few days firms are going to fail and many are likely to lose entire fortunes.

A rescue of some sort is probably necessary or the whole world will go into a great depression very quickly but I will tell you why I think any short delay is good.

Everything has been way overvalued for quite some time now. The Stock Market is still almost double where it should be. People say we lost over a trillion dollars in the stock market today and while that is true on paper the wealth really was never there to start with. Overvalued paper is not wealth. So yeah, the government could have propped up the overvalued paper for awhile but that is only a short term fix. The only real fix is to let the overvalued paper go to the value it is really worth. Sure, that will take away over half of peoples retirement savings etc. but I am telling you much of your wealth was an illusion to start with, you never really had it. You cannot get double digit returns for decades when the economy is going nowhere and not expect a crash to come eventually.

A nation cannot keep spending much more than they have anymore than you can. Lets face it Ron Paul was right on our economic situation. The wealth they claimed was there was never there. It was a con game and a pyramid scheme that they they used to gamble with. So the more things drop to the real value of all that paper we are holding before the government steps in the sooner we can return to anything close to fiscal sanity. A prop up by the government at artificially high levels will only work until the next financial shock. This crises will not be over even with a massive bailout.

It is not all about the United States either. Global markets are also in panic and not just because of what is happening in the United States. Britain is entering a housing crises similar to ours and Spain’s housing and debt situation is even worse. Inflation is high in most countries of the world and a world recession is almost a certainty. That will bring rapidly falling oil prices and the oil rich nations that were buying debt will get very tight very quickly. That means interest rates will soar to service our debt before long and that is another crises coming for us. Russia’s economy is based almost entirely on energy exports and Europe is dependent on Russia’s energy so what blackmail will they try to pull on Europe this winter?

In any case, welcomed to the worst economic collapse of our time and it really does not matter much in the long term what our government does to try to shore up the dike. It can be a slow collapse or a fast collapse but things here are going to collapse much like in the old Soviet Union. And that’s probably the good news. Stay tuned for the bad news.

I just read two articles today Sept 30th by Jimmy De Young and Garry Kah that make a lot of sense and add to what I said here yesterday. De Young points out that many bankers are Jewish and this could bring Jewish persecution. I basically said the same thing on a comment on another blog because guess who economic losers always blame in the final analysis?

Garry Kah’s article makes several good points about our banking crises and where it might lead and I agree with most of his points. He also said the world finnancal crises is likely to help bring persecution to the Jews they have a history of becoming the scapegoats. You can read Kah’s excellent insights here wall street in crises.

Here is also another link that fully explains why the confused free marketer’s are really bringing about its own distruction by embracing the ideas of Marxism.

I think Ann Coulter, Pat Buchanan and Harry Lamb wrote a couple of good articles that might tell you a few things about the root cause of the day of reckoning that is upon America and how it will also bring the next day of reckoning due to our massive deficit spending. I am not saying there were not other factors. This day would have come anyway due to the greed of many and the socialism of others but what Coulter, Buchanan and Lamb write about is a good part of the reason why this economic shock is now playing out before your very eyes.

They Gave Your Mortgage to a Less Qualified Minority, by Ann Coulter

Here are a few points in the article by Ann Coulter:

Under Clinton, the entire federal government put massive pressure on banks to grant more mortgages to the poor and minorities. Clinton’s secretary of Housing and Urban Development, Andrew Cuomo, investigated Fannie Mae for racial discrimination and proposed that 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to low- to moderate-income borrowers by the year 2001.

Instead of looking at “outdated criteria,” such as the mortgage applicant’s credit history and ability to make a down payment, banks were encouraged to consider nontraditional measures of credit-worthiness, such as having a good jump shot or having a missing child named “Caylee.”

Threatening lawsuits, Clinton’s Federal Reserve demanded that banks treat welfare payments and unemployment benefits as valid income sources to qualify for a mortgage. That isn’t a joke — it’s a fact.

In 1999, liberals were bragging about extending affirmative action to the financial sector. Los Angeles Times reporter Ron Brownstein hailed the Clinton administration’s affirmative action lending policies as one of the “hidden success stories” of the Clinton administration, saying that “black and Latino homeownership has surged to the highest level ever recorded.”

Meanwhile, economists were screaming from the rooftops that the Democrats were forcing mortgage lenders to issue loans that would fail the moment the housing market slowed and deadbeat borrowers couldn’t get out of their loans by selling their houses.

Now, at a cost of hundreds of billions of dollars, middle-class taxpayers are going to be forced to bail out the Democrats’ two most important constituent groups: rich Wall Street bankers and welfare recipients.

Political correctness had already ruined education, sports, science and entertainment. But it took a Democratic president with a Democratic congress for political correctness to wreck the financial industry.

So it was not all about greedy lenders it is about Democratic Party socialist liberals pushing affirmative action lending plans and regulations that forced the lenders to make them lend to the unqualified.

Day of Reckoning, by Pat Buchanan

Here is a bit of what Pat Buchanan has to say on this issue and some of it is the same except Pat blames the liberal in both parties:

Had there not been a steady and constant infusion of easy money and credit into the U.S. economy by the Fed, for years on end, a housing bubble of the magnitude of the one that has just exploded could never have been created.

Had the politicians of both parties not coerced and pressured banks, S&Ls, Fannie Mae and Freddie Mac to make all those sub-prime mortgages, then to tie this rotten paper to good paper, convert it into securities and sell to banks all over the world, there would have been no global financial crisis.

Had they seen this coming and acted sooner, the Federal Reserve and U.S. Treasury would not today, like Henny Penny, be crying, “The sky is falling!” and the end times are at hand, unless we give them 5 percent of our gross domestic product to buy up suspect securities backed by sub-prime mortgages.

Looking at all the money being ladled out by the U.S. government to prevent a collapse, and the diminished revenue coming in, it is hard to see how America avoids future deficits that reach $1 trillion a year. These will imperil both the dollar itself and the ability of the United States, which saves nothing, to borrow from the rest of the world. The downsizing of America is at hand.

Yes, indeed, we have arrived at the Day of Reckoning for Uncle Sam.

Soviet-Style collapse in America’s future article by Harry Lamb

The meltdown in the financial markets has caused the finger of blame to spin like a weathervane in a hurricane. The underlying cause of the debacle, however, has been largely ignored. Driven by “progressive” Democrats and Republicans, the cause is the relentless shift from a free market economy to a socialist economy.

The piper must be paid. The question is whether to do it now – and let the chips fall where they may, or, to kick the can down the road and pay the piper later. The answer, of course, is to kick the can into the next generation, with another leap toward socialism. The bailout plan – whatever the particulars – is nothing short of a government takeover of the financial industry. The next president will have to sort it out and build the road toward future recovery or final disaster.

Barack Obama’s incessant drumbeat about the failure of the economic policies of the last eight years is either gross ignorance or, more likely, political blame shifting. The cause of the current meltdown is clearly the Democrat’s insistence upon giving federally guaranteed mortgages to people who could not afford them. Even now, Democrats insist, not on the minimum government involvement possible, but on adding all sorts of give-away ornaments on the bailout Christmas tree. Obama is also promising to take over the energy industry, the health industry, and to give tax credits and even refunds to some people with money he shamelessly takes from others. This is redistribution of wealth – pure socialism.

McCain may be only marginally better, but any deterrent to the Democrats’ determined transformation of America to unabashed socialism should be welcomed. Despite the U.N.’s declaration to the contrary, no person has a “right” to housing. If Democrats prevail and continue their pursuit of the U.N’.s goal of universal socialism, America can expect to experience the same total collapse experienced by the Soviet Union.

I said in a prior post that future budget deficits were going to go way up and It matters not who becomes President, the deficits will happen as sure as night follows day and if foreigners ever stop buying our debt this present crises will be nothing compared to the time when we can no longer sell our debt to the world. In the future we will have to do the bidding of the lenders (China & Oil rich nations) or face complete economic collapse.

In spite of what you have been told the U.S. has the largest oil potential than any other known area in the world. We have enough oil in shale to last for hundreds of years. If we actually went all out to produce these resources we could be a oil exporter in a few decades. By the way, Shale oil can be recovered with present technology with little environmental impact and produce gasoline for less than $2 a gallon but since it is on federal land congress has put it off limits for energy development.

So frankly the energy shortage has more to do with politics than anything else. When you have two trillion barrels of oil in reserve and 1/4 of the coal deposits on earth you do not have a energy shortage unless certain people want you to have an energy shortage.

American Thinker: The Myth of No Oil

Predictions of nationwide oil supply exhaustion soon became regular occurrences, with seven made prior to 1950[2], even though the United States was the world’s largest crude oil producer until 1973. Indeed, through the mid-1980’s, most oil consumed in the country was of domestic origin. Today, however, the United States imports the majority of its oil and, due to environmental regulations, has not authorized the construction of new refineries since the mid-1970s.

Yet, our country does not lack adequate oil resources. Rather, supply estimate methodologies seriously undercount our true oil resources. This and our lack of political will to use advanced recovery technologies contribute to the myth of no oil. This myth hobbles our ability to draw on our own existing resources and keeps us in a dependent posture, looking to others to provide for us.

A potentially significant supply of oil is trapped in shale in the American West. Rocks in Colorado, Utah and Wyoming alone are believed to contain over 1,500 billion barrels of oil. Previous government experiments with shale oil production were labor and energy intensive and environmentally disruptive, producing little oil. But efforts by private companies have revolutionized the extraction technology with development of an in situ process of heating rocks, trapping oil and extracting it profitably at oil prices of just over $30 a barrel. Shell Oil, the leader in this new technology, estimates that it will be able to produce one million barrels of oil per acre.

Meanwhile, it is estimated that oil production from tar sands in Canada and South America would add an additional 600 billion barrels to the world’s supply.[5] Canada, which does not segregate conventional oil from tar sands, is currently the largest U.S. oil supplier with about half of Canadian crude derived from oil sands. This oil is forecast to reach 3 million barrels per day in 2015. The Economist[6] recently noted that there exist “174 billion barrels of proven reserves in the oil sands of Alberta” alone.

Another technology, coal liquefaction to produce oil, becomes competitive when the price of conventional oil is higher than $30 per barrel, according to U.S. Energy Department estimates. The coal-to-oil process produces natural gas and removes pollutants that are released when coal is burned to produce electricity. With the United States possessing 27% of the world’s coal supply, U.S. coal-to-oil production could be substantial. South Africa has been producing petrol and diesel from coal since 1955 and currently produces 40% of the country’s oil from this source.

Full article

I suppose you have heard about the trillion dollar bailout of bad debt and now hear the politicians on TV telling people that lack of government oversight and greed is to blame for the problem and how we now need bailouts and more federal government regulation to cure the problem.

Most of the same politicians talking today are the same politicians that supported the oversight conditions that created this crises in the first place. They were the ones who put the pressure on lending institutions to ease their rules so that just about any bad risk could get a loan.

They put great pressure on the mortgage lenders to establish easy lending programs for the poor and for  poor risks. But they are now passing the buck and saying the lenders were irresponsible and greedy. Sure, there was fraud and greed by the leaders but when you have government officials who are supposed to be in a position of oversight being the enablers of the greedy and making their practices the norm what should we expect?

It was government that eased the regulations on banks and brokers so that would not have to keep funds in reserve to weather a storm such as this and government allowed them to take those funds to the derivative casinos thanks to the policies of former Fed Chairman Greenspan.

These falsely optimistic idealistic liberals thought everything would just keep getting better and that there would be no more major downturns. These are the same people in government and business who never plan for recessions in their out year budgets. They live in some fantasyland or else they want to deceive the public that the out years will be better than any person living in reality could expect.

Some fools even thought we were post recessions because they thought the government now knew how to keep the economy expanding indefinitely. Ha ha. Nevertheless, we always had recessions and will again. These “financial wizards” are a good part of the reason why we always have budget deficits because they never plan for future economic downturns in their long term budgets. Most multinational corporations and local governments are doing the same thing and that is why when a down cycle comes they are in crises and need taxpayer bailouts.

Here are a couple of articles that explain some of what is going on.

The first article by David Limbaugh, talks about how the liberal politicians got us into the mess that we find ourselves in. They now think more of the same of the liberal big government polices will get us out of it. Ha ha.

The second article is by Pat Buchanan It gets into the stupidity of foolish and incompetent financiers and politicians. Pat gives some some history of past bailouts and our nation’s increasing debt burden in the future partly because of bailouts and partly because government and everyone else keeps spending more than they have.

Its getting close to Halloween and I know you all want to read a good scare story. Well learn what the banks and investment firms have been doing with your money and you will know why Washington and the banks are in a cold sweat panic and saying if the government does not bring stability the whole house of cards is going to come crashing down into the second great depression.

For a house of cards to fall it has to be a house of cards to begin with and this article about derivatives will take you on a tour of the house. After you read this article you will not only know everything you need to know about derivatives. You will also know why everyone in the know is turning white with fear long before Halloween.

There simply is no reason why a sub-prime crises would cause all these investment bank failures unless they have been doing something with your money that is very risky. Turns out they have. Instead of making sound investments with your money they have been gambling at the Derivatives Casinos. All these firms are now so leveraged on their next bet that any loss at the wheel of fortune makes them unable to pay their bills and if they cannot pay their bills other banks that are levered to the teeth because of their own gambling habits also cannot pay their bills and if they cannot pay their bills none of the others can pay their bills either and if none of the others can pay their bills there is no money to borrow for anyone in the nation.

Read about it for yourself but anyone who thinks the crises is over is not paying attention. Also take note that the following article was written before the announcement of the really frighting government bailout that was announced today to bail out all the derivative gamblers bad debts. Yeah, the government has to do this taxpayer bailout because all the gamblers were not gambling with their own money they were gambling with your retirement, insurance and investment incomes and everything else.

Next years Halloween fright night will be about the coming rapid hyperinflation that will bring you green toilet paper.

OpEdNews » It’s the Derivatives, Stupid! Why Fannie, Freddie and AIG Had to Be Bailed Out

Until recently, most people had never even heard of derivatives; but in terms of money traded, these investments represent the biggest financial market in the world. Derivatives are financial instruments that have no intrinsic value but derive their value from something else. Basically, they are just bets. You can “hedge your bet” that something you own will go up by placing a side bet that it will go down. “Hedge funds” hedge bets in the derivatives market. Bets can be placed on anything, from the price of tea in China to the movements of specific markets.

“The point everyone misses,” wrote economist Robert Chapman a decade ago, “is that buying derivatives is not investing. It is gambling, insurance and high stakes bookmaking. Derivatives create nothing.”1 They not only create nothing, but they serve to enrich non-producers at the expense of the people who do create real goods and services. In congressional hearings in the early 1990s, derivatives trading was challenged as being an illegal form of gambling. But the practice was legitimized by Fed Chairman Alan Greenspan, who not only lent legal and regulatory support to the trade but actively promoted derivatives as a way to improve “risk management.” Partly, this was to boost the flagging profits of the banks; and at the larger banks and dealers, it worked. But the cost was an increase in risk to the financial system as a whole.2

Since then, derivative trades have grown exponentially, until now they are larger than the entire global economy. The Bank for International Settlements recently reported that total derivatives trades exceeded one quadrillion dollars – that’s 1,000 trillion dollars.3 How is that figure even possible? The gross domestic product of all the countries in the world is only about 60 trillion dollars. The answer is that gamblers can bet as much as they want. They can bet money they don’t have, and that is where the huge increase in risk comes in.

Credit default swaps (CDS) are the most widely traded form of credit derivative. CDS are bets between two parties on whether or not a company will default on its bonds. In a typical default swap, the “protection buyer” gets a large payoff from the “protection seller” if the company defaults within a certain period of time, while the “protection seller” collects periodic payments from the “protection buyer” for assuming the risk of default. CDS thus resemble insurance policies, but there is no requirement to actually hold any asset or suffer any loss, so CDS are widely used just to increase profits by gambling on market changes. In one blogger’s example, a hedge fund could sit back and collect $320,000 a year in premiums just for selling “protection” on a risky BBB junk bond. The premiums are “free” money – free until the bond actually goes into default, when the hedge fund could be on the hook for $100 million in claims.

And there’s the catch: what if the hedge fund doesn’t have the $100 million? The fund’s corporate shell or limited partnership is put into bankruptcy; but both parties are claiming the derivative as an asset on their books, which they now have to write down. Players who have “hedged their bets” by betting both ways cannot collect on their winning bets; and that means they cannot afford to pay their losing bets, causing other players to also default on their bets.

The dominos go down in a cascade of cross-defaults that infects the whole banking industry and jeopardizes the global pyramid scheme. The potential for this sort of nuclear reaction was what prompted billionaire investor Warren Buffett to call derivatives “weapons of financial mass destruction.” It is also why the banking system cannot let a major derivatives player go down, and it is the banking system that calls the shots. The Federal Reserve is literally owned by a conglomerate of banks; and Hank Paulson, who heads the U.S. Treasury, entered that position through the revolving door of investment bank Goldman Sachs, where he was formerly CEO.

Full Article

The insights of Ann Coulter on the Democrats, their profound knowledge of the Bible and their community organizer forefather Saul. (No Jesus was not a community organizer like radical socialist Saul Alinsky or Barack Obama, nor were real Americans.)

Obama: Lucifer Is My Homeboy - HUMAN EVENTS

Obama: Lucifer Is My Homeboy
by Ann Coulter

It’s another election season, so that means it’s time for Democrats to start uttering wild malapropisms about the Bible to pretend they believe in God!

In 2000, we had Al Gore inverting a Christian parable into something nearly satanic. Defending his nutty ideas about the Earth during one of the debates, Gore said: “In my faith tradition, it’s written in the book of Matthew, where your heart is, there is your treasure also.” And that, he said, is why we should treasure the environment.

First of all, people who say “faith tradition” instead of “religion” are always phony-baloney, “Christmas and Easter”-type believers.

Then in 2004, Democratic presidential candidate and future Trivial Pursuit answer Howard Dean told an interviewer that his favorite part of the New Testament was the Book of Job. The reporter should have asked him if that was his favorite book in all three testaments.

David Freddoso’s magnificent new book, The Case Against Barack Obama describes the forefather to “community organizers” like Barack Obama and Hillary Clinton — the famed Saul Alinsky.

Alinsky is sort of the George Washington of “community organizers.” If there were an America-hater’s Mount Rushmore, Saul Alinsky would be on it. He tried to hire Hillary to work for him right out of Wellesley. A generation later, those who had trained with Alinsky did hire Obama as a community organizer.

In Freddoso’s book , he quotes from the dedication in the first edition of Alinsky’s seminal book, “Rules for Radicals,” where Alinsky wrote:

“Lest we forget at least an over-the-shoulder acknowledgment to the very first radical: From all our legends, mythology and history (and who is to know where mythology leaves off and history begins — or which is which), the first radical known to man who rebelled against the establishment and did it so effectively that he at least won his own kingdom — Lucifer.”

Sarah Palin might be just the lucky break the Democrats need. As a staunch pro-lifer, Palin could give Democrats an excuse to steer away from topics they know nothing about, like the Bible , and onto a subject they know chapter and verse, like abortion.

Full article

The Democrats are so desperate that they will say anything to get their black savior into office. There is nothing sacred to these people except their self appointed black Messiah. Lets make the comparisons that they themselves brought up.

Obama was a Left wing radical who organized the community for his racial and political agendas. Jesus was the Creator and Savior of the world who only did what His Father told Him and He died on a cross to save all who would believe that God’s righteousness to save through His Son Jesus would save believers from going to eternal hell. Some comparison!

Pontius Pilot was a governor who delivered up Jesus to be crucified because he was a coward and would not stand up to the people for a man he knew was rightious. But Sarah Palin has the guts to tell people the truth that Jesus will soon come back in power and glory to deal with all those who would not have God’s Savior to rule over them. Some comparison!

My advise is much like Joe Farah in this article. Throw the bums out of office! The Beatles once compared themselves to Jesus Christ and that was the beginning of their fall. The same should happen here. Liberals lose national presidental elections not just because of there misguided programs and misguided moral positions, they lose because they expose themselves as self-righteous elitists and people in Backwater USA start to see that these people have a mighty high arrogant opinion of themselves.

I notice that Farah did not say to vote for McCain/Palin because he has been actively telling people not to vote for the lessor of two evils of McCain or Obama. Sometimes you have to bite the bullet and realize that in this world we always choose the lessor of two evils in our world leaders. In this case the choice should be quite clear.

Cohen and Brazile deserve my Demented, Delusional or Dumb Club award. Congradulations!

Jesus was no ‘community organizer’

In case you missed it, Cohen said in a House floor speech Wednesday, “[I]f you want change, you want the Democratic Party. Barack Obama was a community organizer like Jesus, who our minister prayed about; Pontius Pilate was a governor.”

Brazile also characterized Jesus as a “community organizer” several days ago.

Let me make one thing clear – as an actually believer in Jesus: “Jesus was not a “community organizer.” Jesus is the Son of God, the Lord of the universe, the savior of humanity.

Demeaning Jesus as a “community organizer” is an insult to every Christian believer in the world. But, more importantly, it is a reckless, blasphemous and profane attack on the Divine Person who sits at the right hand of God the Father.

I wouldn’t want to be in the shoes of anyone who throws around such mischaracterizations of the Living God for political gain.

Further, the allusions to Barack Obama as being Christ-like are more than some of us can take. Jesus never justified the killing of unborn children and the intentional, deliberate murder of those who miraculously survived abortions, as Barack Obama has. Jesus never advocated indoctrinating kindergarten children with “comprehensive sex education,” even against the will of their parents, as has Barack Obama. Jesus never sat at the feet of an immoral, ungodly teacher like Jeremiah Wright.

it’s not enough to make Obama pay for this. It’s time to make the Democratic Party pay.

Every two years Americans have a chance, theoretically anyway, to elect 435 new members of the House of Representatives. We have that opportunity again Nov. 4. There is also a chance to turn over 35 Senate seats.

I know all about “safe” districts. I know all about gerrymandering. I know all about the obstacles to overcoming incumbency. But bigger odds have been overcome in American history. We’ve faced much tougher challenges. Stop whining about how it’s impossible to make a difference and get to work making a difference.

The Democratic Party obviously doesn’t believe in miracles. It believes only in “community organizing.” I do believe in miracles. If you agree with me, I suggest we pray fervently between now and Nov. 4 for God to remove all the unworthy officials from Congress this year – starting with Steve Cohen of Tennessee.

I have more than once said that this would happen. North Korea has been getting freebies from America for 15 years to stop their nuclear development and has done nothing but make nukes. You cannot deal with madmen. If you read this article you will see even after the 11 disablement measures are actually taken (they have been halted) it would only take North Korea only about a year to start the facilities up again (what a great deal!). Not to even mention the secret uranium project that North Korea has that is still making nuclear material that no one is talking about or the nuclear bombs it already has made for export. So the North Koreans found ways to backed out of all the deals and have make fools out of both the Clinton Administration and the Bush Administration. North Korea now hopes to take on what they know will even be a more foolish Obama Administration.

The U.S. State Department continues to be run by liberals and is in denial all over the world. They are just as loony with Iran. There is an old saying. Fool me once and shame on you, fool me twice and shame on me, fool me three times and I should get the Olympic gold metal for foolishness. Does anyone in our government know that North Korea has EMP capabilities? Does anyone care? And Rice thinks Russia will take anything we say on George or elsewhere seriously?

Maybe the world should reward the North Koreans with the Olympics and just pretend that they are such a wonderful free nation like they did with Communist China. I notice the North Koreans waited to after the Olympics to do this. Does anyone really think that was not coordinated with China? Sure, and China’s 14 year old woman gymnasts were 16 years old. You know one of these days this whole foolish appeasement thing is going to unravel worldwide and we are going to be in a world of hurt.

North Korea says it halts nuclear reactor disablement | International | Jerusalem Post

The North’s announcement marks the emergence of the biggest hurdle yet to the communist nation’s denuclearization process under a landmark deal last year and is expected to escalate tension in the nuclear talks involving China, Japan, the two Koreas, the US and Russia.

Pyongyang’s Foreign Ministry said it suspended the disablement work at the reactor and other facilities at its Yongbyon nuclear complex as of August 14 because the US did not keep its promise to delist Pyongyang as a terror sponsor under last year’s deal.

The ministry also said the country will “consider soon a step to restore” the Yongbyon nuclear facilities, but did not elaborate.

Yang Moo-jin, a professor at Seoul’s University of North Korean Studies, called Tuesday’s statement “very serious” and said that it could mean Pyongyang may have decided not to deal with the administration of US President George W. Bush.

South Korean and US officials have said eight of the 11 disablement measures have been finished and that when the entire disablement is completed, it would take at least a year for the North to restart the facilities.

Full article

From what I know a determined enemy would not have great difficulty in taking down the whole Internet. It probably could even be done by a well trained coordinated terrorist group. I have come to the conclusion that any website or any target can be brought down fairly easily. To bring down the whole system would just take a larger more sophisticated effort and that is very likely in a war.

We need to realize that the Internet is not reliable or secure and we should not be controlling our critical infrastructures and just-in-time-inventories solely relying on the Internet as it is designed now. One of these days we are going to wake up and the whole Internet system will be down and it is not going to come back up anytime soon. Then what is the back up plan? Going back to the 50’s without inventories or electronics? How will you even get your money out of the bank? Try buying something at a store with a charge card when the Internet is down.

The Internet needs to be completely redesigned from the ground up making security the primary issue. Either that or just use the internet for fun and games and information but don’t ever think it will be there for corporations, finance and government to communicate after a sophisticated attack by an enemy. Like the EMP threat our society is betting it’s whole future on access to those 1’s and 0’s. There is no access to those databases of 1’s and 0’s if the electricity is out or communications between electronic devices are no longer there.

Revealed: The Internet’s Biggest Security Hole | Threat Level from Wired.com

Two security researchers have demonstrated a new technique to stealthily intercept internet traffic on a scale previously presumed to be unavailable to anyone outside of intelligence agencies like the National Security Agency.

The tactic exploits the internet routing protocol BGP (Border Gateway Protocol) to let an attacker surreptitiously monitor unencrypted internet traffic anywhere in the world, and even modify it before it reaches its destination.

The demonstration is only the latest attack to highlight fundamental security weaknesses in some of the internet’s core protocols. Those protocols were largely developed in the 1970s with the assumption that every node on the then-nascent network would be trustworthy. The world was reminded of the quaintness of that assumption in July, when researcher Dan Kaminsky disclosed a serious vulnerability in the DNS system. Experts say the new demonstration targets a potentially larger weakness.

Full article

Joseph Farah talks about number three on the Democratic nomination ticket. John Edwards was the “moral” candidate for president from the Democratic Party. During the campaign Edwards talked about being a devout Christian, a man full of deep compassion. Now Edwards gets exposed for what he is and he does a Bill Clinton impersonation on TV by spinning the affair as some short past moral weakness due to his sudden fame. However, everyone knows John Edwards is still lying through his teeth. John Edwards deserves the Demented Delusional or Dumb club of the week award.

Politicians at all levels lie to the public too often. If the press does not expose them there are no negative consequences to them. Has anyone ever considered a law that would make outright lying to the public a felony for those in public office and for those running for public office?

John Edwards brand of moral insanity

Is it any wonder he would sire another child or two to whom he has no moral obligations?

Is it any wonder he would leave his wife, suffering from Stage 4 breast cancer, and little children behind in North Carolina while sowing his wild oats in California?

No, it isn’t any wonder at all.

The only wonder is why he tries to hide it all.

But that is not really a wonder, is it?

Because John Edwards is a politician. He knows that to get what he really wants, namely power, he has to pretend to be something he is not. What he is not is a devoted husband, a caring and faithful father, a man of integrity.

No wonder John Edwards doesn’t have a problem with same-sex marriage – marriage doesn’t mean that much to John Edwards.

No wonder John Edwards wouldn’t mind if some perverted schoolteacher lectured his 7-year-old about homosexuality – his own kids don’t mean that much to John Edwards.

No wonder John Edwards believes it’s government’s job to meet the needs of children, the elderly, the jobless and less fortunate – because John Edwards has no concept of real compassion, not even for his own family.

Don’t flatter yourself Governor Gregoire. There is no way that this bouncer thought you looked under 21. He was simply being a ass and making an ass out of you. If you want to do something get the law changed. Control freaks and arrogant people are constantly making Senior Citizens present ID’s just because they can. This is age discrimination, it is a violation of our right to be old and not have to show proof of that to anyone. Anyone who cannot tell the deference between someone twenty and over forty should not have a job carding people and no person over the age of 40 should have to proved that they are over twenty-one to anyone.

Some Wal-Marts and markets do the same thing. The managers do not give the people they hire credit for an ounce of brains so they make them card old people using walkers. Senior citizens that are carded should simple refuse the whole purchase, demand to talk to the manager and let the store restock the entire cart. Then this stupid irrational behavior will soon stop. This bouncer receives my Demented Delusional or Dumb Club of the week award and the governor get honorary mention for not have having the state police remove the disrespectful bouncer. What next are you going to card the President? Insane!

Gov. Gregoire carded, turned away from Olympia bar | Local News | South Bureau | KING5.com | News for Seattle, Washington

OLYMPIA, Wash. - She has headlined parades, appeared on television and signed legislation.

But all that couldn’t get Governor Christine Gregoire into a downtown Olympia bar.

She is not alone. The Washington State Liquor Control Board says it gets complaints all the time from people who are clearly of age but who still get carded. Spokesperson Jennifer Skoda says the state law doesn’t spell out who should be carded. It just says where there may be a question of a person’s right to purchase liquor, the person shall be required to present ID.

“The burden is also with the licensee to ensure their patrons are over 21,” Skoda said.

Todd Ruzicka owns the bar. He says he has no idea why the part-time bouncer chose to card someone who’s almost three times his age.

How about if you cannot find the state your voting in on a map of the United States you cannot vote. You don’t even have to read to do that but it would probably eliminate almost half of all Americans. You better not use a globe or a third of them could not even find the United States.

Should All Americans be allowed to vote? - HUMAN EVENTS

Should we allow just anyone with a registration card to vote? In my view, we should not. There will be those who will abhor the notion that only “smart” people should be allowed to vote and how and where, they will argue, can you draw the line? Good questions, certainly, but we had better try real hard to embrace the argument and find some answers.

The vetting process can be debated and the final definitions of the “authorities” over voter legitimacy can be formulated at length to make a new system as fair as can be. But it does need to be done, and the sooner the better, because allowing really stupid people to vote for really stupid reasons or no reason at all is in itself a very bad idea.

Now notice in the commentary lines for this article who will address the concepts embraced in this article and who will instead simply attack me for having a father they didn’t like, or call me a “neo-con” (whatever that really is), or decry my Harvard education or some other utterly absurd personal attack and/or off the issue remark. Certainly that is their right
as a responding reader, and in such a small matter as this article it doesn’t much matter, but in an American presidential election, with so much at stake for the mass of humanity, does it make sense to have a voter base made up of people who in some cases haven’t the slightest idea at all what they are voting for?

Some of what is in this article is what I have been implying on this Blog for months. We do have the ability to solve our energy problems and we can do it without T. Boone Picken’s self serving windmill scheme.

Actually our energy problem can be solved through free enterprise if only Congress, the environmentalists and the courts stopped hindering our oil development. If the hindrances were removed for national security reasons we could develop in short order all the $2 a gallon gas we need and we would have it for hundreds of years to come (adjusted for inflation).

Patrick Briley — Empowering Americans for Energy Independence

Oil and investment mogul and tycoon T. Boone Pickens has been telling Americans that they “have no control over the price of gasoline and diesel” and “cannot drill their way out of an oil crisis.” While Pickens is correct to point out that the US has become too dependent on foreign oil, his statements are misleading and very incorrect.

America does have the ability to produce enough oil from drilling and from coal, tar sands and shale to not only control, lower and stabilize gasoline, diesel and jet fuel prices but to make the US independent of ALL foreign energy sources for over a hundred years even before the US would need to turn to significant numbers of nuclear fission and/or fusion electricity generating power plants.

Frankly T. Boone Pickens not only stands to make a lot of money on government subsidies for windmills he is flat out wrong on many counts. Oil will not hit $300 a barrel it is more likely to be $50 a barrel in inflation adjusted dollars for centuries to come if congress just allows oil drilling where we know there is oil. All we need is for liberal government and the environmental fascists to get out of the way and stop blocking the development of our oil and coal resources. If oil drilling was treated as the national emergency that it is we will solve the problem within a few years. We have the equivalent of trillions of barrels of oil in the US in oil shale, oil sands and coal. We have enough oil for many centuries, that will take care our our long term problem. We also have enough oil offshore that can be brought on line in a one to five years that will take care much of our short term problem.

It will not take ten years like the democrats claim unless government and the environmental fascists make it take ten years with their bureaucracy and lawsuits. We need to treat this like the homeland security issue it is and cut the red tape.

Pickens thinks we can free up natural gas with windmills and use the gas to power vehicles but even the gas people disagree with that. If we really wanted to free up natural gas we already have a much cheaper way of doing that. We would just have to build many more coal plants but God forbid that we dump any more helpful CO2 into the atmosphere and help the plants grow.

As I have said before, windmills have to be backed up by conventional power sources because when the wind is not blowing or it us blowing too hard as it often does in the Midwest windmills do not work. Solar does not work at night and there never will be any way to store power for periods of shortfall. So unless everyone stops using electricity when the wind stops blowing or is blowing too hard or after the sun sets this is not the answer.

Besides that, it will be an environmental disaster. Do these people have any clue what a eye sore blight this will be. 150 foot steel windmills will stretch from horizon to horizon along with their power distribution system that will make current electric lines look pleasing. It will decimate the bird populations. Do you think that giant solar farms will not have an environmental impact? What impact will they have on the animals that occupy that habitat? I will bet you will not take your family to have a picnic there. If you don’t believe me about windmills come to Western New York when they have put up these windmills farms and have ruined once very scenic ridge tops. People cannot sell their property because no one want to live near the windmills. Some people cannot tolerate the low noise that the windmills make day and night. The windmills will decimate the bird populations and they cannot produce electricity at anywhere near current rates. The costs of windmills are paid by taxpayers, robbing Peter to pay Paul, or higher electric rates.

Also notice that T. Boone Pickens proposes that they take property away by using eminent domain claims anywhere where they want to build their alternative energy boondoggles. Well folks, that is fascism and I and many others do not care if the courts say government can do that. This is contrary to the Constitution of the U.S. and people in the Midwest are not going to put up with it. Try to enforce your eminent domain land seizures in some part of the Midwest and you had better bring your own private army (I doubt if our national Army will support you). If You want a revolution in this nation Pickens is proposing a good way to polarize people to bring that about.

Now I want to know why congress is listening to a 80 year old multimillionaire who has vested interests in windmills? Obviously many people have many different ideas about how to solve this problem but they are not appearing before congress, so why only listen to this wacky old man who stands to make a lot of money on windmills? Could it be that he is telling Democrats what they already want to hear?

Here is another view of T. Boone Pickens and his windmilling of America that confirms some of what I said and other view from a different angle.

WASHINGTON (Reuters) - Oil prices will hit $300 a barrel in 10 years if the United States fails to reduce its dependence on foreign imports, billionaire oil investor T. Boone Pickens told U.S. lawmakers on Tuesday

Pickens has been touring the country pushing a plan under which domestic natural gas supplies would be used to power cars instead of electrical power plants. The federal government and private investors would build a massive wind farm system in the middle of the country from Mexico to Canada to provide electricity.

Pickens, who heads the hedge fund BP Capital, stands to benefit from such a program. He’s building a 4,000 megawatt, $10 billion wind farm in northern Texas that should start generating power in 2011.

industry group the American Wind Energy Association (AWEA) has said the Pickens plan could work if the government renews the production tax credit for renewable energy, preferably for longer than a year or two.

“I think we’re talking eminent domain,” Pickens told reporters after the hearing, referring to the practice in which the government sometimes seizes private property with monetary compensation. He said bringing the power to the coasts would take an effort similar to former president Dwight Eisenhower’s building of the national highway system during the Cold War.

This controversy about Obama’s birth is all pretty dumb and it is a red herring. The constitution of the U.S. says the President has to be a natural-born U.S. citizen. If I went to Canada just to get back in this country I would have to produce a valid birth certificate. The government should have done a background check on everyone in the Senate for their security clearance and if he was not born in the U.S. that would be known and he would not be in the race. If it turns out that they did not do their job we have a much bigger problems than Obama’s place of birth we need a dysfunctional unsecured government. I suggest you waste your time on the real issues. If you want to be taken as a serious news source post credible articles.

Obama birth certificate: Real or phony baloney?

Questions over a birth certificate for Democratic presidential hopeful Barack Obama – the document that could prove his constitutional qualifications to run for the presidency – have been revived by a report from Israel Insider.

I think the statistics on Obama in this article will give you an idea of just how radical Obama is and how far his views differ from the vast majority of American people. With that in mind why is Obama leading in the polls? Blind stupidity? Brainwashing? What?

American Thinker: Obama: Radical in Liberal Clothing

Yet even with his recent attempts at moderation he retains positions on several significant issues indistinguishable from those of Dennis Kucinich. Most of those positions are opposed not only by overwhelming majorities of all Americans, but in several cases, majorities of Democrats as well.

Whenever a proposition polls in the 60% range, it’s considered to be in landslide territory. That doesn’t necessarily mean that someone supporting the minority viewpoint is a nut or an extremist, but at some point it may fairly be said that a person on the short end of several of these propositions is out of the mainstream. Here are just some of the issues in which Obama’s on the fringe of American opinion:*

Here you have Judge Thelma Moore (I think all her middle names prove something else), a local Fulton County judge stopping the building of a 2 billion dollar coal electric generation plant costing the county thousands of jobs. Aside from her misguided judgment on CO2 why would anyone let one county judge to have that much power over their lives? Why will they allow this judge to continue to have a job in this county when their own jobs will be taken away by her decree? When local people allow one person to have that much control over their livelihood they have given up their right to life liberty and the pursuit of happiness.

When we the people allow junk science environmentalists to shut down energy production in this nation we should all join the Demented Delusional or Dumb Club. We can only blame ourselves for allowing environmental junk science loving special interest groups to control the energy agenda in this nation. The influence of these special interest groups on legislators and the courts are the same reason why you are now paying over $4 for gas and they will also soon triple your electric bills if you continue to allow this.

FOXNews.com - Junk Science: Georgia Gets Green ‘Justice’ - Opinion

Moore, unfortunately, based her decision on the court’s non-legally binding musings about CO2 rather than the court’s actual ruling. Building on her gross misapplication of the law, Moore went on to essentially impose an impossible-to-meet technology standard on the proposed plant.

Moore made no effort to do a cost-benefit analysis to see whether IGCC might qualify as BACT. While it may have seemed like a no-brainer to Moore to side with the local green elites against the out-of-state power company that applied for the permit, she actually wound up siding against the working people and economy of her own state.

For no good reason, Moore denied Georgia the many well-paying jobs associated with the $2 billion plant construction and permanent plant operations. There’s also the not-so-small matter of the much-needed energy the plant would have produced.

Watch for this sort of green justice to come your way. A lawyer for the activist group Environmental Defense told The New York Times she hopes other courts would pick up on Moore’s “reasoning