No matter which way the wind blows, the United States Congress always profits financially. Why do “We the People”continue to pay salaries plus expenses to our “elected for life” public servants? Should not these little gods and godlings pay us for the privilege to enrich themselves while playacting at “public service?” Let’s auction off their mighty and powerful positions of Senator and Congressman to the highest bidder! Apparently, Governors already do it. Why shouldn’t we do it? After-all, we are still the “We” in “We the People,” aren’t we?
Pols Gone Wild!
The Congressional tentacles of our high and mighty “servants of the People,” our elected godlings, are tenaciously entwined into the shroud of our financial demise. The latest example is Senator Diane Feinstein who saw to it that her husband’s company was awarded the exclusive rights to sell the government’s foreclosed homes of “We the People.”Senator Feinstein saw to it that $25 billion of the American taxpayers’ bailout went to pay that nice little real estate commission to her own husband. Why not keep it all in the family? $25 Billion of the Bailout to the Feinsteins. After all, that’s what politicos have been trained to do – take care of “Number One.” And “Number One” ain’t no stinking “We the People,” you can bet. That’s okay – Senator Feinstein is not the only one to do it. Look at Congressman Barney Frank.
Congressman Barney Frank was willing to let the entire American financial system go down the tubes, see retirees lose their pensions, see millions of Americans lose their homes, so that he and his lover could live like the pompous godlings they really are. The Love Triangle the Destroyed a Nation’s Financial System.
If only it had been an “old-fashioned” love affair, the cowardly American Media would have been brave enough to reveal it. Because it involved “Gay” love, the “squeamish” American Media wouldn’t touch it with a ten foot pole. Because of deception, lies and corruption by America’s political leaders and the cravenness of what passes for journalism in our country, the American people are left to reap the whirlwind of financial catastrophe, all in the name of “Gay Love.”
Does America deserve this? YES! America deserves this because “We the People” are a democratic republic and we elected these corrupt, innept and lying politicians to lead us.
“As Congress grapples with solutions for a faltering economy, Barney Frank sits at the center of power.”John Gallagher
Restore your stock portfolio in 21 days! I have a plan to make your investment portfolio what it was before this horrendous stock market slide of the past few weeks.
I have had a few quid invested in the stock market for many years and I, like all of you, have been devastated by the sudden financial meltdown. I even invested thousands of dollars in “safe and secure” Fannie Mae stock for my eldest granddaughter’s college fund. Thanks to the Congressional Democrats like Barney Frank, Maxine Waters, Barack Obama, Christopher Dodd and Chuck Schumer, my granddaughter has $50.00 left in her account, while the CEO of Fannie Mae, Franklin Raines (now Obama’s economic advisor), was sent off by our glorious Congress with a multi-million dollar parachute strapped to his back. Fannie Mae stock is probably destroyed forever, thank you Barney, Maxine and Franklin, however, there is hope for our many other Wall Street investments. (Congressional Investigation of Freddie Mac and Fannie Mae)
I have been watching Wall Street and this political race over these past few weeks, and one thing is perfectly clear by now. The stock market has been going up and down with the political polls. These last few days it has been dropping like a rock and so have John McCain’s poll numbers. The stock market forecasts the future, and it is now seeing a future that includes President Barack Obama and his socialist agenda. So … down, down, down it goes, and where it stops, nobody knows.
We taxpayers have already been charged $700 billion by our government to try and bail out the banking, insurance and mortgage industries that our Congress looted and mismanaged. What we have left in the stock market we should try and recoup.
My name is T. Boone Kerfuffles. I’ve been a blogger all my life, but this is one emergency we can’t blog our way out of. I have a plan that uses American innovation and all the energy we can muster to restore ALL of our stock portfolios to what they were three weeks ago-–and it can be done in 21 days.
It will take more than just a plan to make it happen. It will take real leadership. And it will take ALL of us working together to undo some of the damage that has been done to our financial well-being by the Congressional Democrats and their socialistic vote-buying with our money.
This is our crisis, and we can solve it. I have a plan. This is it:
When the pollsters call upon you, regardless for whom you really plan to vote, tell them you are voting for John McCain and the Republicans. Then sit back and watch the stock market reverse itself. Up, up, up it will go! With all of us doing our part we can have our portfolios restored at least by November 3rd. Sometime between Halloween and November 4th, Election Day, CASH OUT. Sell everything. Take your money and run to your mattress. Do not spend a dime.
Come Election Day, go to the polls and vote for Barack Obama. Go home, sit back with a smug look upon your face and feel proud as you watch the stock market dive into the abyss. We will have outwitted the pollsters, given those greedy Wall Street manipulators their just desserts, given the Republicans the comeuppance they so richly deserve, and given ourselves a “Brave New World.”
Pay your increased Obama taxes out of the money in the mattress. When it runs out, have no fear, as we will ALL be sharing and kind Socialists with the world as our oyster. And if anyone is so “lucky” to find the pearl in that oyster, just remember it will belong to our socialist state; it will belong to all the people.
All Americans have stock in America, whether or not they own stock certificates from Wall Street. The startling drop in the stock market should be of concern to everyone. This is a financial time of our lives driven by uncertainty and fear. The financial losses the American people have suffered in these last few days are deeply unsettling as we worry about our retirement accounts, investments, and our economic well-being.
For the first time in U.S. history, the voter has demonstrated his great love and regard for the U.S. Congress by assuring that one of its members will be rewarded with the U.S. Presidency. As we march to the polls, we Americans are seeing our hard-earned investments swirl down the drain of Congressional oversight. In this election we “wise” voters have chosen three candidates for the Presidency from the very branch of government that is directly responsible for this destruction of the American banking system – the United States Congress.
How did the U.S. Congress cause this financial meltdown? The American banking system was forced and browbeat by Democrats, and a few Republicans in Congress to lend mortgage money to people who had not financial wherewithal to repay the loans. To not allow indigent people to buy homes was considered unfair by the overseer of the U.S. House Financial Services Committee, Barney Frank and the powerful “Community Organizer” group A.C.O.R.N. With the congressional mandated sub-prime mortgages came unprecidented surges in home values. President George Bush in 2003, Allen Greenspan in 2005, Senator John McCain in 2006, and other Republicans repeatedly warned of the grave financial dangers of this tack and demanded new regulations, but Americans liked having their homes increase in value because of all the new “unqualified” buyers in the housing market. Homeowners signed on for second mortgages and home equity loans on their more valuable homes, so voters sided with the Democrats to let the housing market run wild. Former President Bill Clinton even specifically condemned the Congressional Democrats for this behavior, but no one listened. These sub-prime mortgages were bundled and sold for tremendous profits and investors worried little about them because they were insured by the U.S. taxpayer’s Fannie Mae and Freddie Mac. The editor of the Wall Street Journal warned the Congress how dangerous and corrupt were the practices of the CEO of Countrywide Home Loans and others, and was slapped down as a know-nothing.
Congressional Republicans tried to regulate Fannie Mae and Freddie Mac in 2004, but were silenced by shouts of “RACISTS” for their efforts. Even Republicans like to get reelected:
Very soon, it was realized that the unqualified holders of sub-prime housing mortgages had no assets to make their monthly mortgage payments and housing values started sinking like a lead balloon. Homeowners who had paid nothing down to purchase their houses, found they now owed more than their house was worth, so they defaulted and walked away. Banks ended up owning houses that were worth far less than they had loaned on them and the banks suffered serious losses.
Fannie Mae and Freddie Mac were required to cover the banks losses which caused those quasi-government institutions to run out of funds. While these institutions were being overseen by the United States Congress, select elected representatives were being lobbied by Fannie Mae and Freddie Mac with tremendous sums of money. Senator Christopher Dodd received the most, $140,000 and Senator Barack Obama who had only been in the Senate for two years recieved the third highest largess to look the other way, $106,000. Republicans had their hands in the till also – Robert Bennett, Chrisopher Bond, Richard Shelby behaved almost as badly as the Democrat’s Barney Frank. (OpenSecrets.org) Democrat Charles Schumer was Fannie Mae and Freddie Mac’s most vocal defender in the Congress.
Democrat Senators Christopher Dodd, chairman of the Banking Committee, and Kent Conrad, chairman of the Budget Committee and a member of the Finance Committee, refinanced personal properties through Countrywide’s “V.I.P.” program, unavailable to ordinary voters and taxpayers like you and me. In addition, Senator Dodd received a sweetheart loan from Countrywide for all of his good works on their behalf; a home mortage that no other American taxpayer would ever qualify for.
This financial oversight by the United States Congress led directly to the financial meltdown we are experiencing. Members of Congress benefited financially and were able to get reelected by giving such goodies as “no money, no job, no credit, no problema” mortgages to their constituents. But you, American taxpayer, are footing the bill. The first installment has already been paid and deducted from your account – $700 billion dollars. If this doesn’t work, there will be a second installment automatically deducted, until the governement learns how to run the financial markets or until you, their piggy bank, runs out of money. Meanwhile, you the taxpayer will also pay for the soon to begin phony Congressional investigation by the Congress for the Congress to find someone else to blame for their own malfeasance and criminal activities.
It is immensely troubling that the American voters have decided to give $700 billion of their taxpayer dollars to the same people who caused the crisis in the first place, in hopes that they will now get us out of this crisis. HELLO? Even worse, they are about to reward one of these miscreants with the American presidency. Our only hope to avoid financial ruin lays with the American people, not the United States Congress. We are a prosperous nation with abundant resources and an innovative and hardworking people, and that is our economic hope, not government bureaucrats and elected representatives.
So go to the polls and vote for the next President and the next Congress and try and help America. Try and put a stop to this abuse of power before this Congress undermines the very foundations of our Constitutional Republic.
2005 to date, by Kerfuffles.
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