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Maybe This Is Why Our Trade Deficit Is Such A Problem?

Originally posted May 11th, 2011 on Facebook.com/smithwin2010


Think the communists are not behind globalism, or think globalism is a fantasy... think again? The following are excerpts from the 1963 Congressional Record

"Communist Goals (1963) Congressional Record--Appendix, pp. A34-A35 January 10, 1963

Current Communist Goals EXTENSION OF REMARKS OF HON. A. S. HERLONG, JR. OF FLORIDA IN THE HOUSE OF REPRESENTATIVES Thursday, January 10, 1963 .

~~

4. Permit free trade between all nations regardless of Communist affiliation and regardless of whether or not items could be used for war.

6. Provide American aid to all nations regardless of Communist domination."

Instead of listening to the irrational social justice arguments that are fundamentally irrelevant in the first place... these progressives lobby as the excuse we need to buy... look at the end result of indulging their foolishness.

We are not trading our values... because we are not we have a massive trade deficit, and growing welfare roles with no growth in the private sector... Brazil may end up receiving 2.2 billion in illicit drilling rights funding... when our own companies are being entangled by the EPA and progressives in congress. Also consider monies we give to nations just for the asking... Iran, Iraq, Afghanistan... the list goes on, all for them to come back to (in most cases) become a threat to national security later... enough is enough!

Just ask yourself who the enemies of capitalism, individual self reliance, moral clarity, free choice, religious freedom, constitutional clarity, national sovereignty and the clarity of free market challenges are? Do so and you will see the shadow of communism right behind every false word, every projection of value and lie of false hope... folks we need to put the enemy out of our camp. When the Israelite's had sin in their camp - God withheld His blessings... until they put the transgressors out of the camp... period. Our constitution gives "we the people [citizens] of the United States" the authority in Article I, Article III, The 14th Amendment (section III), the Aliens & Sedition Act and the Judicial Act of 1802 to put lawless dissidents, evil doers, anti-religious, supporters of different forms of government and their economic philosophies (not protected by the 1st. Amned... BTW) and the treasonous out of our camp!It is high time to get out house in order...


Psalms 83:3 

"They have taken crafty counsel against Your people, And consulted together against Your sheltered ones." 

Job 5:12

"He frustrates the devices of the crafty, So that their hands cannot carry out their plans."



*Resources:

Communist Goals (1963) Congressional Record--Appendix, pp. A34-A35 January 10, 1963


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Obamacare: They Got Their Way For Now... Why Are They Still Fuming At Tea Partiers?

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Ever consider why revolutionaries embraced coffeehouses and those who wanted to preserve their kingdoms banned them altogether? You might say what does this have to do with TEA parties and what’s going on today as far as the president’s open assault on the constitution by ignoring it out right and allowing Reid and Pelosi to do his bidding. Consider this? Consider that 17th century revolutionaries such as Voltaire, Rousseau and Diderot were fanning the flames of humanism and social justice back when King Charles II of England had fast banned them for being what he considered them to be “places where the disaffected met and spread scandalous reports concerning the conduct of his Majesty and his Ministers"… maybe he got a hint? Fast forward to the early part of the 20th century and you see Lenin pounded coffee tables, so did Trotsky for him. Stalin and Hitler did very much the same thing and banned any social forums that did not agree with their political agenda. Dissenters were rounded up and jailed, killed or both. Now we see the same thing with the Obama administration’s use of mainstream media to employ Alinsky tactics to suppress, ridicule, trivialize and/or marginalize any voice that does not tow his narrow bandwidth ideological dictates. There can be no dissenting opinion or you are callously excoriated by their propaganda machine.

If there has ever been a political voice that lent reasonable suspicion to their overall objectives socially… you can look no further than communists in America, their actions tell the whole story – deny it as they wish. It doesn’t matter what flavor they call themselves… feminists, gay “rights”, renewable energy advocates (green), black liberation theologists, Marxists and socialists. They all have one thing in common and that is to have their subjective ideals held with equally validity to those we have by law to uphold. However, a fitting analogy will drive this home; it is similar to ancient Pharisee’s touting Talmudic law as equally valid to Mosaic Law, which one was actually valid? We all know the answer… thus the reason for Christ’s 1st. coming according to Christian beliefs, to hold them accountable and to set a new standard. Now, one couldn’t really cite the ancient church leaders for their motives at first because all they were trying to do is obey the law but then their rules took over and professed them to be equal to the law, which was confusion, we call that text book legalism. But what happens when you allow arrogance to go unchecked, we have the image here of 660+ man made laws to help assist in obeying 10 commandments that we have enough trouble obeying… 4 for believers and 6 for civil governance and lawful adjudication, please tell me how another 663 is going to help?

Truth is man made law was to stop getting you to be concerned with the law as it is written and obey the policies projected to be equally valid as law, and over time.. you'd just simply forget the law out of ignorance to its existence. Look at the now going 2010 census; it says right on the envelope that you must complete this by law, really? Or do they just hope you fall for one of the oldest technocratic tricks in the book, the co-opt. The constitution only provides for a head count… they don’t even ask for your name. With over 23 years in sales and marketing management, I know demographic data when I see it. They have their rules being inserted as valid under the umbrella of the census mandate for completion but the extra questions aren’t at all lawful, but you do have to fill out the minimal information the true law requires. A true public servant would distinguish the two and make no mandate for the voluntary information. But it is telling how they just let that slide, it was for a purpose. There is only one political party that thrives on “information” for political use and that is the progressive or communist (as they’d like to be openly referred to as but can’t for now). Look at the health care debacle, HR3269 (and subsequent revisions) had over 2260 pages of legalese all hoping you just get flustered and say to heck with it… and let them do their thing and pass it. They have been survived by this tactic since 1913. It was intentionally devised to instill apathy - indifference is a tool of the left and only survived in an environment of complete moral opacity. The U.S. Constitution is only 17 pages, yet that sublime and simple statement of freedom and liberty expressed in a compendium of Judeo-Christian principles and common sense practices is so clear, your only choice is to accept them or reject them, basically the model of human freewill.

This has confounded and utterly divided the citizen patriot from the modern social insurgent; Obama’s people have had enough.

The TEA party revolution started one way and ended up encompassing the true American spirit as things progressed. The American spirit is one that values individual character, achievement and virtue, by principled means. Not a collective surrender to ideological machinations simply for the purposes political correctness by any means possible. These walled off elitists were truly stunned when their table pounding coffeehouse rhetoric was failing to gain the mind space it was artfully crafted to accomplish and they are roiling mad about it and like any child who is having way too much fun on at recess. The minute the whistle blew, they dropped to the ground in a stop-drop-and-roll grand mal hissy fit. Their MSM propaganda wing is complicit, the majority in the House is complicit, state and local governments infected with progressive minions all look (in one way or another) to advance their cause collectively. TEA parties have been (by in large) quite peaceful, but yet they have been maligned by the press, the president and members of congress and senate. If you want to compare apples to apples, look at communist behavioral ticks when they don’t get their way, then compare that to what we see here by these big babies on the far left. They have stonewalled, and flat out ignored. They have lied, called names, beaten and have attempted to intimidate many who have come out against their bidding on any of their social justice agenda. Released yesterday was a spot poll of 1000 people by independent pollster Scott Rasmussen, a stunning 43% were independents 49% were republicans and 8% were democrats… it’s hard to spin those numbers -  but someone like Alan Colmes and Bob Bechel will find a way. But truth be told, that poll mirrors the entire electorate and tells where their real numbers… and they are about right where republicans have been saying all along; between 8%-11% of the voting populous is flat out nutty, not the near half they project.

Tea parties have asserted a message with clarity and have been more united that the RNC. They have in a winsome fashion done much to attract more to their cause. Again, so much so that the RNC still doesn’t quite know how to approach them yet, but that’s a whole other subject. However, I suspect not because they don’t want to (in my opinion), but because who they represent collectively (in) minority within its ranks. Remember spoiled brats won’t be nice with their back is against the wall… when they finally see they won’t get their way, they will start the old “if I can’t have my way… no one will” nonsense, watch for it. November is right around the corner and the gloves have got to come out sooner or later. Look for bigger and bolder partisan gaffes exposing progressives true intent and with more and more democrats showing their backsides and letting the America voter see just what and who they aren’t – it is not going bode well for them as they press for the next items on their agenda such as passing immigration, cap-and-trade and more taxes on Americans in a time of economic upheaval. Look for TEA parties to “keep it real” going on up until 2012 ensuring Obama may need to keep some Tagamet on hand just in case. It should be the expressed goal of the TEA movement to keep the street party going and not let indifference settle in their communities and as long as they keep the torch lit and send the signal they aren’t going anywhere, Obama and his gandy-dancing cavalcade of anti-American Eurocrat automatons, this will ensure there will be a challenge to their agenda; that is the last thing they want. With everyone broke and hustling just to survive – that is when they think they have the best chance to pass their liberty numbing, nation changing legislation, none of this is by accident and the TEA parties represent the biggest threat to their “best laid plans”.

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Obama at Berlin: The Evidence of his Absense is the Evidence of Absent Mindedness

What a slap to Germans and the Polish to not have had the president or [at least] the vice president attend the landmark 20th anniversary of the fall of the Berlin wall... Those commemorating the firing of "Checkpoint Charlie" and the eschewing of communism and the dawn in individual freedom and a form of democracy for a unified Germany.  Conservative Chancellor Angela Merkel along with the Polish President were more than just a little mystified by the office White House no-show. Then pulled a faux paux that really [to many] was over the top... a cheesy piped in video with a thin-lipped tributary, with your host... Hillary.

Is it bad enough that Obama is not-so-passively letting all Americans know his true disgust with capitalism and republic, to consciously be missing in action at important functions and continue passively support communist despots like Chavez or Putin... or any other reprobate social ideologies? But heck what do I know... 20 [plus] years in a "church" spewing the vile and caustic rhetoric of black liberation theology... the man is done on both sides. Surely as God's Word assures us he rules in the affairs of man... I pray that American's never run to the polls again blinded by political correctness, looking for anything but what is right, just and morally correct.
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Free 2009 Long Beach Tea Party Sign: Pick Em' Them Email Me

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OK... here they are - all I ask is that that for whaever fron you choose... that you please  choose one back. A little pay-it-forward for the production of the art. Let's get out there and let them know that is isn'st fever that we'll get over... Please email me the one one's you want and I'll send you the art and you can have it printed up - any sign shop can print these up!!! all the art is professionally fished for you. Let's get out there and let our voices... the real voices of America be heard!
 
Click on the photo and it will open up another browswer window so you can see them all... clearly, thanks!
 
Thank's
 
That Darn Republican
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THIS IS A MUST SEE MOVIE ON OUR NATIONAL SPENDING

 
I thought I had a fairly decent knowledge of the federal check kiting system known as our treasury department, but after seeing this... I now know how close I actually was... and how not close enough I was too. Give these guys a shout out for the fantastic job they have done helping educate the average citizen on what our system actually is and just how perilous our situation is.
 
-That Darn Republican
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OK Twitter Folks Here My First Tea Party Sign Art

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 If you want to follow more visit:  #darn_republican  over on twitter.com
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Not For The Reality Shy: Where Obama's Spending Is Contrasted to Bush's

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I was particularly disturbed one day recently listening to one of my regular talk radio programs when a guest speaker was on trying to battle with a Kool-Aid drinking progressive left-o-crat defending Obama's wealth spreading thus far, and wouldn't you know... it wasn't look long before point-the-finger games started reminding me of who we are dealing with fundamentally [ more mental than fun... trust me].

TARP came up as [of course] being blamed on Bush, which... he wasn't a strident defender of - he just saw it as a choice that had to be made then. But ultimately the truth is [as the speaker reminded the liberal] the sitting president gets blamed for what happens - good or bad. Then finally got to the real point of leverage - we have a liberal majority in both houses that are all for the expansion of government by any means necessary, this was the lead in to a perfect storm of unprecedented spending.

I think the article speaks for itself with out the spin... Even before the Omnibus[ted] spending bill spread like wildfire through the house and then onto the Senate, the CBO had mentioned it would be better for the economy to not have done anything at all than to engage the illusion of spending ourselves out of debt. If people cannot do it - How does the government think they can? Are they supernatural? I guess that is where progressive secularist faith lies - in largess. In less than 100 days this leftist has driven onto the books 2 generations of debt - completely contrary to what our founders laid out in the Federalist Papers about the management of the size of government, and not passing on our current debt to future generations - which may be a constitutional argument under equal protection; which would be a very valid argument at this point and time.
 
 
-That Darn Republican
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OBAMA: First 72 Hrs. Off And Spending!

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-Washington DC
 
 

Well, it took no longer than the extra shine of His Majesty's inauguration [sorry] coronation to wear off the average American citizen before the not-so-cloak-and-dagger tactics start to shape up around President Hotlink's spending agenda, which to say the least is [well...] appallingly huge. I'll give him this... he is consistent when energized to do so, apparently to him largesse will accomplish two thing: bankrupt the nation so we have to come to the drawing board with a "new" solution b) show European's that Robin Hood can be a true story... even if foisted upon a people that know socialism by any stripe you can call it?

I have said this plenty in my blogs... government largesse must and cannot ever become the will and destiny of a people. Why is it liberals don't get basic math - you figured because their inherently secular minds obviously don't have spiritual matter weighing in they have more room for simple math, but it remains clear that a reduced tax base cannot support increased government spending. The Associated Press reported today that approximately $3-4 trillion [yes... trillion] will be needed to unvex our markets - what a foolish and dangerous trend we've staged here. Here... let's put this in perspective for you... The U.S. Government currently brings in about $3.3 tril. in gross tax revenues, just where is this money going to come from? The illusions that war time spending is is the problem is just Code Pink heated rhetoric, the reality it is a very small part of our GDP, less than 11% so bringing the troops home before the mission is accomplished is just mindless and reveals a glaring ignorance or war time tactics and policies.  Apparently liberals will don shoe polish to accessorize the boot that kicks them square in the rear when it comes to matters of enforcement of principle - all in the prusuit of pacifisity.
 
 

Americans it is never more apparent than it is now that we not only need to be vigilant, but assertive in our defense on known truth... justice, and righteousness. Because we just let the kennel doors wide open and those dogs are barking... loud.  Let's show them to the toothless ankle-biters they really are by batting down their leftist advances when they reveal themselves. The Bluffington Huffington Post had the unmitigated gall to take the attitude that conservatives just need to go somewhere and "shut up" because they won and we lost – [how incredibly naive and childish] like the election was supposed be the magic Jedi Mind trick that just disarms conservatives, and we go home the not-so-casual victims of an electoral drive-by lobotomy – Here… let me help you nutters with that… no, "we'll be back"... and God in Heaven help you when we do… because it won’t be pretty.

-That Darn Republican

 
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Santa Flawed: Bush Caves On Motor City Bail Out

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 -Washington DC, today.
 
 
 

In what will probably go down as absolutely no surprise whatsoever, is President Bush's year end soirée for the jet-set Motor City Bon Vivant's in the form of their long awaited reparations for damage due to the unions, and citizens who were bigots and discriminated against their own national brands openly by flaunting their choices of better made cars by the German's and the Japanese... even once maligned Korean product is raising the skeptical eye. But no, the legacy of "kinder..." and "gentler" somehow has co-opted this role of big government accountability avoidance. Not only are there no take-away points from this entitlement oriented action from the Fed, but it truly wars against the most basic and fundamental values that set America apart from any other nation... we have rules here, and the ones we don't cross are the one's where someone else picks up the tab for someone else’s debauchery - we don't do that here. This is why republicans lost in November, with lowered expectations... you can't disappoint. So there is nothing to be surprised about when we hear nuttiness from the left, but from within our party allowing policies to go on that are antithetical to our values is intolerable.

 

 

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Undecided "Kennedy Dems" May Hold Key To McCain/Palin Success

Washington, D.C. - In what may not be a complete stunner, the resilient Senator from Arizona John McCain and his uber-controversial running mate Sarah Palin have closed the gap on the Obama campaign considerable to the point that more partisan polls are forced to report more accurately. Zogby, Rasmussen. AP all show McCain well within the margin of error by either trailing one or two points or dead even. Either way you look at it - this is a statistical dead heat, now for all the millions the Obama camp is pulling in, you'd figure that would buy them some breathing room, not. For universal proof there is a living God that rules in the affairs of men ... if not for the stodgy obstinacy of McCain to not go after Obama for his tax plan being anything but a cut... along comes Joe the Plumber with a simple question that undoes the contrived exuberance of experience and knowledge of Barack Obama into a devolving, downward spiral of the gaffe machine he tends to be unscripted.
 
Last night on Fox Madam De Rothschild was interviewed by Greta Van Sustren regarding the growing trend by democrat women to give McCain.Palin a more objective look... and they are not only doing it... they are voting McCain/Palin - not because of the insidious lies spread by the MSM and their visceral bias toward anything principled, but [go figure] they make sense. Obama's tax plan is a drag net that will leave no household unmolested. If about 38% of the population pays no taxes at all, then he lowers the taxable threshold down to $250,000.00 tell me how many more fish can be caught in that dragnet? The socialist model used by today's deluxe moral reprobate in the form if the garden variety marxist economist fails [like evolution pseudo scientists do] to take the plainly evident [being our capitalist model actually in use] and then noit account for the mancy facets of contributions form the depth of our middle-class, mainly small business and hog tying it with excessive and unnecessary taxes... this can have only one outcome, a frozen economy. Joe the Plumber unwittingly has dumbfounded the nutter elite with simplicity. I seem to recall scripture making that point somewhere in Psalms... but I tell you, more dems will see the light before this is all over with.
 
 
 
-That Darn Republican
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Investigate ACORN As A Criminal Enterprise? Attorney General Is Asked Today

Washington- Today a ranking Member of the Senate Judiciary Committee John Corwyn [R-Texas] wrote U.S. Attorney General Michael Mulcasey to inquire into possibility of pursuing criminal charges against ACORN aka, Association of Community Organizations for Reform Now... or Another Case Of Radical Nuttiness [as we conservatives known plainly to be.]. In a scathing two page rebuke the Senator cites the case history of ACORN of being nothing short a group of liberal agitators looking to falsely leverage election results by openly tampering with registrations.  
 
 
 
With approximately three weeks left until the general election the Obama camp has yet to vet Barack Obama's full participation with the radical group. He was the organizations Chief Counsel and did pro bono work for them during that time.  He also authorized a payment to them for about $800,000.00 earlier in the campaign. I simply do no think the MSM can play hear no evil, speak no evil... see no evil on this one. McCain needs to attack this relationship as it is ACORN's complicity here that runs deep in this housing sham we are currently doing the wrong thing and bailing out. Note to the McCain camp: It is this simple - Make Obama explain his affiliation and why he stands to benefit in this election from their tampering - and why should the people ignore it as it goes to character.
 
 
- That Darn Republican
 
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Obama's Tax Plan Is State Sponsored Transfer Of Wealth

Have you seen them? You know... the ad artfully spun by the Obama camp to get your television to talk out of the sides its mouth, all considering it never had one to begin with. The very same ad claiming that 2008 Presidential candidate and republican hopeful John McCain. They misrepresent McCain's ads in typical slight-of-hand rhetoric by the left as shamelessly pandering to big oil and business interests, when makes it look like he is a super trooper for the little guy. The truth is Barack Obama's tax plan would essentially neutralize business growth to the point of seizure. If you look really closely at the most strident claims in his plan... he isn't exactly hiding the fact that it is a massive tax trawl.
 
You catch more fish with a bigger net...
 
The Obama folks must think people are real, real simple. Of course... wait a minute. What am I talking about? Of course they do.... they are liberal "elite's" - right? They expect you to simply just look the other way and ignore the tragic consequences of ideological substitutions for sound economical reasoning while:
 
  • Obama and a liberal majority in both houses lower the threshold of taxation to $250,000 - that is a much bigger net to trap more fish.
  • Fail to take into account that almost 30% of the population doesn't pay any tax at all - effectively nullifying any stimulus he put into effect.
  • Increase business taxes that are already the 2nd highest in the world - this would encourage the migration of business to right-to-work states at minimum... at worse, out of the country.
  • Telling us how more people paying more tax is good for anything more than tax and spend antics - tell me how is this an actual tax break?
Perhaps the boundary challenged mind of the garden variety coffeehouse socialist has no problem considering that a tax break, afterall... they never claimed to be the party of moral clarity. They morally equivocate all manner of indecency with that which is just, proper, ethical, decent and right. Why should I expect them to believe for one moment that lowering the taxable threshold to $250,000 per household to think it isn't a tax break?
 
Is Obama that stupid? No... He knows precisely what he is doing.
 
If you are going to enact a radical change in a short amount of time... you have to be prepared to move swiftly. That is why our focus just on his election of the president by itself is a bit of a misnomer. We need to see the bigger picture... trust me, they do. These nuts have a very yellow press in their back pocket and the momentum can swing their way.  What is the quickest way to paralyze the middle class? Reduce their income by over taxing them... which in turn reduces personal spending... which in turn depresses local spending. You see where this is going... Barack Obama knows why his tax plan is they way it is. Because he is another socialist that knows a healthy middle class stands in the way of their socialist agenda.  The only way he can make a deep enough cuts into the economy is to freeze personal spending... that is why his net is as big and deep as it is. Be eyes wide... drinking the Cool Aid here can cost us, and cost us big time.
 
 
resources: The Washington Post
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Bail Out Part II: A Fix That Could Work And Work Big

In resuming the review of issues that were mitigating factors in the carnage we are seeing now even in the last 24 hours we've seen the Fed have to step in and eschew the collapse of Washington Mutual, by slipping at the 11th hour and selling it to Chase Group. I cannot emphasize this enough, an immediate common sense intervention needs to occur. In the first part of my discussion, I highlighted the value in the establishment of a system of credit checks and balances that govern banks behavior. Secondly, rerouting authority to liquidate REO inventories to the FDIC and make them directly responsible and accountable for the orderly, fair and equitable transfer of default housing stock piles from the non performing asset category to a position banks can now begin to receive an injection of liquidity from the Fed on. This we cannot allow to have happen here:
  • Foreign Banks investment in domestic restructuring, that is a flat out transfer of wealth.
  • Cannot have the Fed step in and pay for something the private sector could prosper and quickly and more effectively.
  • Continue with an out modded credit system that is woefully inadequate and does not meet the market quirks of today.
  • Allow banks to issue non-secured debt to high walk away credit risks while home loans stay by-in-large unaccessible for no real reason. 
While it is commonly understood that we do not have a right to own a home, as taxpayers [however] we do have a right to have access to make this happen. Our system at present is not accessible, because of continued outside idealogical tampering, many will never see the American Dream in their lifetimes. They will be beholden to landlords for the rest of their lives, and that is not right. Now bad judgment is one reason... and no legislative act should interfere with personal growth. But at the risk of sounding like a drum beater, I have to just be frank. There are many voices within our own government who simply do not care if you ever own a home, and some act with impunity so that doesn't happen. All you have to do is look at what so-called "solutions" they provide when a real situation comes about that you can put two and two together.  We are constantly under siege by people who are so well insulated, they cannot feel or ever relate to these extreme changes in market volatility.
 
One of the considerations not to be overlooked is the fact that this is non-homeowner taxpayer money being used here as well. Why should they get stuck with a tab they had no part in. Of course one of the first retorts there will be the system is going down and it will take them with it if nothing is done, which merits value.  However, do we disregard the strength of the argument it's not my fight so.... ? No, of course not. But that is an ever strong advocation for a plan that allows for access. If taxpayers had access, with reasonalbe system controls and oversight. Taxpayers would stir the maret with thier investment in the home and small business would be the first to see the benefit.
 
To effect a quick change the need to:
 
 
  • Restructure our credit and lending structure first to give clear guidelines for taxpayers and banks expecially to be guided by, with the emphasis on your income being the prime determining factor in your credibility and set up rules for how much unsecured debt you can have owning a home and not owning a home, and loow for the flexibility for that to change as your lifestyle does.
  • Turn the REO inventories over to the FDIC to allow them to liquidate without real estate lobby interventionism.
  • Institute an across the board 25% write-down on the stated value of the loan balance of homes in super soft markets, and 7%-10% on the rest. Then chuck the "comps" system for housing values equivalence. Go back 40 years to county assosor values and the avergae rate of appreciation and use that as the forward guide with algorythms that account for modest increases due to populations density and demand.
  • Ban HELOC's [home equity lines of crdit] for use with vanity spending, the one consistant argument one both sides of the political fense has been that folks were keeping up with the Jones'. Their equity should be for education, opening a small business or retirement purposes. Your disposable and investment income should go to vanity expenses. You want the new car, do it the old fashoned way, earn it.
  • Cap the incomes of all Publically owned company CEO's as well as their net benefit packages, if you want an uncapped income, stay private and let the venture capitalists provide a solution for your grown needs. Once you go public, stability should be of paramount concern.
  • Put the dollar back on the gold standard, our currency cannot be worth what we say it is simply because we say it is. It needs to be at least 60% vested in gold reserves. That will settle softness in inflated consumer goods prices and housing prices and ease our national deficit considerably.

 If we just start there, I strongly believe we will be well on the way to not only a stronger tomorrow, but a safer one as well. But the shifty eyed back room tactics right now are telling us anything we're ok, and more like this is business as unusual.

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Bail Out Fix: A Plan That Could Work And Work Big

Amidst the huddles of partisan strategizing and even more public finger pointing, there hasn't been one suggestion to come from either camp until late yesterday that was even remotely feasible. I'll have to say this; the republicans have an advantage with Congressman Boehner leading the charge to ferret out those who still think nationalizing the mortgage industry bailout is even remotely practical. Chief wolf crier Barney Frank's stood up and had the unmitigated gall to even think he could try to blast senate republicans for being the instrument on amenity in the debacle when as the Chairman of the Senate Finance Committee his hands are infused to complicity as teas is to hot water.  It was his name who appeared in the top 6 names one the take from Freddie/Mac, along with Chris Dodd and Barack Obama regarding campaign contributions, so of course he is not gonna come out and slam them for the appearance of any financial impropriety. Not to say there may not have been any republicans in the mix [I believe one from the he mid-west], but the majority of this backhanded display from liberals in play have yet to be fully vetted yet.
 
The question is what were the major contributing factors in what compounded then accelerated this mess into the national meltdown it is now? Simple, the following are just a sampling of the major contributing factors that lead up to this crisis:
 
  1. Bill Clinton not providing enough oversight during the S&L crisis: It opened the door for more abuses - it is he who gave the cow away and left milk everywhere.
  2. Allowing Realtors to liquidate REO's for banks: That was a grand ethics violation right there ala, the 1992 Insider Information Act. Banks took an awful risk getting real estate agents to sell their non performing assets at market value. Boy, that sure makes up for a lot of  lot bank fees right there. The banks don't own that property in the traditional sense of ownership - brokers had no business in  the mix.
  3. Not letting the public gain access to the REO inventories en masse: This was trickle down in the worse way. Only those who had the knowledge of the properties got access but was marketed as exclusive, and are back for more. Not so, the taxpayer had a right to access.
  4. Misguided credit guidelines  for home loans:  What we have is antiquated and doesn't reflect changes in the market today.
  5. Not capping the income and benefits:  The CEO's of public companies have different responsibilities once public, and self benefit isn't one.
  6. Outside Investment Of Foreign Banks:  Enter the dragon, socialists see money differently than capitalists - and when allowed to invest in our infrastructure, we undermine it. When we allowed the speculators back in, all of a sudden the "global" concern over US market direction was paramount to liberal law makers; thus the continued deaf ear to drilling in our own back yard by the same. it was only a matter of time before this reached a critical mass.

 

     Yes, this situation is paramount in being resolved, but do we rush a solution? I say it was planned that way. Simply put, the bigger the lie, th emore complicated the solution... in comes the money grab.  And that is exactly the plan they have on the table now, a 3/4 of a trillion dollar mortgage industry smash and grab at tax payer expense. Not to sound like some coffeehouse soothsayer, but this default has all the markings of an engineered collapse. Why else would it have happed precisely during a national election where the left has lined all its ducks up in a row? Why else would it have occurred when Putin has played his worst game of chess yet with the US? Georgia invasion - he waited until he thought we wouldn't do anything. Why else would would every major bank in the country not be able to lend until they get their way? It it a perfect storm of jack the system, and force government to pick up the tab - then bail scheme. But what needs to stop happening right now is blaming individuals with bad credit for the problem, they are not and we need to get used to the fact the 51% of the buying public has a FICO score of 620 or less [according to national surveys].  So we have a supply and demand problem right now... the supply of people with good credit is in minority, but their incomes are suspect, and so are the values of their property. So if there is a credit crunch and lending gets impaired like it already is, solvency levels are low because there is no lending because the reserve won't makes loans to banks with below level performance on their books... The obvious question here is why should the Fed step in and buy up what the public has more money to do in the first place? My solution to the credit/housing crisis is one that could have the most lasting effects and bring us to a level of self reliance built on personal accountability with very little government interventionism, but still have in place a strong system of rules that let banks know what and who they can lend to and under what circumstances. Shall we investigate? Let's shall...
     
    My Plan Is Based On The Following Premise That:
     
      1. Our credit system is to blame more so than anything first, it needs a major overhaul, it doesn't reflect the complexities we live in. 
      2. Houses can't sprout legs like unsecured credit can, why is there an over emphasis on how good your credit is for home ownership, that is just bassackwards? income is the leverage not credit.
      3. The government needs a personal credit fitness plan just like the USDA does for our daily diet, all based on some real basics.
      4. Stopping the banks from throwing out these high interest low credit limit cards to any and everyone with good to horrible credit, this is the highest risk I know. Does it make sense that this is easier to get than a home you loose just as quick if you default on it? Probably not, there are no REO credit cards after default, this practice needs to stop, there is more of a risk than a home.
      5. Make your credit worthiness based mainly on your earnings: If you want more credit get more income, it's that simple.. this will clean up the welfare rolls quicker than I can tell you.
      6. Make it against the law for a creditor to disquialify you soley on score, they must consider total income net all debts in earnest and base your debt-to-income ratio on that. A system with realistic checks and balaces are far more systemicially empowering than a blanket pay out.

    If we do these simple things to start, we will ignite an almost immediate engine of the greatest economic upheaval we have seen since Reagan.  In American our economy starts with the home. If it is slow there... everything else follows. If it is good here... wow! We cannot be matched anywhere in the world. Go figure on this, what voice in our political strata would have the most to gain from America's banking failure, connect those dots and look at their failure to improve our currency by allowing us to depend heavily on imported fuel by sources that would really rather not sell us anything. The apple doesn't fall that far from the tree on this one. We need true top to bottom reform of our credit system.  Owning a home may be a privilege and not a right, but every American has a right to participate. This fuels would certainly in my opinion participation, what do you think?

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      Bail Out Rant: Paulson, Dems & Republicans Get It Wrong

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      Hank Paulson, a long time Wall Street Insider himself could only offer a solution that benefits people in his position. As a former stock broker myself... I can tell you never have the wolves tell you when it's dinner time, especially when you're the main course. Our impudent law makers have opted for looking a solution that is socialist at best, a massive transfer of wealth. Didn't we learn anything thing from the S&L crisis? They did... how to get fat and stick the Fed with the tab... both liberals and conservatives are to blame.
       
      Yet I cannot blame the mortgage companies entirely here... they make loans to who they can, I have said this before in other posts. Our credit system is the problem. Our inventories are strained... 51% of the working populous have a FICO score of under 620.  In a capitalist environment that clearly dictates demand fuels the supply. The supply of creditworthy home owners is in the minority, with the stockpile of home inventory housed by the credit weak. Real estate agents are lording over REO inventories, which most people learned a serious lesson from the first time around 15 years ago.  It begs the question - what happened to the Insider Information Act of  1992? Why should banks be issuing tons of $200 to $1000 credit cards to hundreds of thousands with D credit, when they can walk away and stick everyone. Did I miss something here? Credit cards you can walk away from. A house has no legs, great credit or not... you fall behind and you're out just like someone with bad credit.  We need a credit system, overhaul when the emphasis is on your income above all. When your income becomes the stimulus and overall motivation to live better, it takes the wind out of the sails of  the social justice engineers who blame everything but do nothing
       
      The Fed should have posted the REO's on a web site where people can bid in a lottery style systems where if you purchase a home, you are disqualified from another purchase for three months. You don't need to qualify those homes... you just need to afford them, please tell me how almost instantly our economy would turn around if we put people in homes? The whole thing with the REO inventory is the bank cannot get more money to lend unjtil they right that loan. Now does it make sense that the government step in when there are people who needs homes who could right what the government claims they need to pay out to correct, absolutely not. If they did this one thing, they would oversee the largest expansion and growth of ecomony that could potentially dwarf Reagan era productivity. It is time for a changing of the mental guard in D.C. and no... liberals aren't the solution. But niether are republicans... a social conservative will do just nicely.
       
      Carpe Diem folks... you can't seize the day when you're not living in it.
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