30th March 2009

Bailouts and Bankruptcy

Let me get this straight… GM and Chrysler might still go bankrupt? What was the bailout for? Wouldn’t bankruptcy have been the best thing in the first place? The car companies would have to reorganize and renegotiate their contract with the UAW, which was one of the major factors in US car prices anyway. What this all means is the bailout was a waste of our money!

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30th March 2009

Big Brother, not the Holding Company

TARP money was given to banks under the pretense to start lending again. Representative Barney Frank (D) Massachusetts put on a good show grilling the bank CEOs over not using the money as intended. Because there were no restrictions, they didn’t use the money to lend, but it was used to buy out smaller or failing banks. Wells Fargo, an institution that didn’t need TARP, was forced to take it for the purpose of buying Wachovia.

In truth these banks were told to use TARP to buy out other banks, but were then brought to a house committee on the hill to answer for “not using the money as intended”.

With bailout money, the government has a government operative in the auto companies board room telling them what kind of automobiles they have to make. In effect, telling you what car you will drive. Now they can apparently fire the CEOs and maybe even the board.

When the government says we own 80% of AIG, what they mean is the government owns 80% of AIG. As far as the government is concerned, what you earn is theirs and they are benevolent enough to let you have some of it.

Tim Geithner has plans to be given authority to take over non-bank financial institutes that might be “to big to fail”. This is just the start of the government owning every institute.

It looks as if the Food Safety Modernization Act will not pass, but it will come up again. This law puts more regulation on farming and will make small farms go out of business or be swallowed by larger farms. It is much easier to take control of one large farm, than several smaller ones. The intent “so it was said” was not to make home gardens illegal, but in fact would have.

Then there are big companies that will help government willingly. A good example is General Electric (GE). With there smart grid, they will be telling Big Brother how much energy you use. The state of California considered passing a law that allowed the energy company to charge more to customers who used more electricity, and graded you with happy or sad faces.

What business is it of anyones how much energy you use or waste? The bullshit is that we will run out of energy, or we’re polluting. Bullshit and bullshit. Get your nose out of my butt. Once again I digress.

These big companies don’t know they will be government run and the consumer will no longer be a consumer but a slave to the government. What is boils down to is the Communist Manifesto. Read and see how close we come. You’ll be happy if this is what you want. You’ll be surprised if your asleep at the wheel.

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26th March 2009

The Give Act

Look at the excerpts from Animal Farm by George Orwell and the similarities of the Give Act:

Napoleon took no interest in Snowball’s committees. He said that the education of the young was more important than anything that could be done for those who were already grown up. It happened that Jessie and Bluebell had both whelped soon after the hay harvest, giving birth between them to nine sturdy puppies… He took them up into a loft which could only be reached by a ladder from the harness-room, and there kept them in such seclusion that the rest of the farm soon forgot their existence.

The Generations Invigorating Volunteerism and Education (GIVE) Act will take our children, indoctrinate them, and prepair them for civil warfare. President Obama said he wanted “a civilian national security force that’s just as powerful, just as strong, just as well-funded” as the the military.” Rahm Emanuel continued, “It’s time for a real Patriot Act that brings out the patriot in all of us. We propose universal civilian service for every young American. Under this plan, all Americans between the ages of eighteen and twenty-five will be asked to serve their country by going through three months of basic training, civil defense preparation and community service.”

…Napoleon stood up and, casting a peculiar sidelong look at Snowball, uttered a high-pitched whimper of a kind no one had ever heard him utter before.

At this there was a terrible baying sound outside, and nine enormous dogs wearing brass-studded collars came bounding into the barn. They dashed straight for Snowball, who only sprang from his place just in time to escape their snapping jaws…

At first no one had been able to imagine where these creatures came from, but the problem was soon solved: they were the puppies whom Napoleon had taken away from their mothers and reared privately. Though not yet full-grown, they were huge dogs, and as fierce-looking as wolves. They kept close to Napoleon. It was noticed that they wagged their tails to him in the same way as the other dogs had been used to do to Mr. Jones.

A look at some of the amendments shows some of the stealthly slime they are trying to sneak in. The 12th amendment prohibits organizations from attempting to influence legislation; organize or engage in protests, petitions, boycotts, or strikes; and assist, promote, or deter union organizing Let’s not be sheep. Open your mouths and shout.

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25th March 2009

Bailouts, Bonuses, Obama, Oh My!

Bailouts, Bonuses, Obama, Oh My!

We’re off to see Obama,
the wonderful wizard Barack.

Why did we bailout the banks and then bailout AIG which in turn paid it’s debts to the banks? Why didn’t we just let AIG fail? We should have, because the banks are backed by the FDIC. Why did banks take TARP when it had the FDIC? Then again, this in itself may be nationalization. If I only had a brain, I might know the answer to these questions. Don’t get me wrong, I’m not a government/business wizard.

I think Obama’s a smart man, but smart only in scamming the populace into accepting Socialism. Not so much running a country. Now he wants to have to power to take over a company like AIG that is “to big to fail” so we don’t have to worry about bailouts again.

When Toto took a dump behind the curtains, we found the man behind them working the levers and buttons of Socialism. Let’s not get duped with the smoke and mirrors. It’s time to leave Oz, wake up, and get back to Kansas.

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25th March 2009

Mr. President, you have run out of money!

We need people like this in Congress. Replace some key words, think Obama, Mr. President, USA, Republicans, Democraps. I was looking for quotes from Daniel Hannan when I found this from John Redwood, former menber of Parliament UK:

When a party is as down and out as Labour is today it is conventional for them to debate whether they should now concentrate on salvaging something by pandering to the core vote, or drive decisively to middle Britain and ignore the many party cries for a more traditional approach. It is only fitting that Labour should now agonise over this, as they have spun for years that the Tories can only do well if they ignore their core and position in the centre ground.

I do not believe in the conventional descriptions of UK politics based on a left-right analysis. Some of the defining issues no longer fit in such a geometric pattern. Euroscepticism is not a monopoly of the right, and is held passionately as well by the Benn wing of the Labour movement. Pulling out of the EU was after all Labour policy in the 1980s. Wishing to restore our civil liberties is a passion of many of us Conservatives today, but there are other Conservatives who hold more authoritarian views, whilst many in Labour hate their government attack on our liberties. The left tries to make out that only they would pay large sums into our schools and hospitals, yet both main parties believe in free treatment and free school places and accept that requires substantial and increasing sums of public spending on them. The new divisions are Eurosceptic versus Euroenthusiast, and freedom loving versus turning to the state to seek a greater sense of security and direction in private lives.

Mr Brown will be unable to learn any lesson from recent electoral reversals that requires getting powers back from Brussels, or requires allowing us greater freedom. He is too hooked onto the Euroenthusiast agenda of more power to the centre, and too persuaded that he needs to take more control over our lives to fight his own miserable version of the war on terror. He will need to look elsewhere for policies that might chime with an increasingly sceptical electorate.

In the economic sphere there is a clearer distinction between Conservative and Labour, and between Blairism and old Labour. It is here the battle will be fought for the sole of Brown Labour. Is he truly a Blairite moderniser, as he sometimes spins, or is he an unreconstructed tax and spend socialist, as his actions since 2001 indicate? Will becoming even more of a tax and spend socialist help win back the core vote, or does he need to become less of a tax and spend socialist to win back some centre votes?

Blairites believe that public services should be opened up to more competition and choice. They believe that whilst delivering free medical care and free school places remains important, this can be done more effectively through a range of providers, some of them in the private or charitable sectors. They see the inefficiencies, poor quality and high cost of some monopoly state provision. Socialists believe that these services must be supplied in a uniform way by state employees through a monopoly service, and persuade themselves that any problems of quantity or quality simply reflect a lack of funding.

Gordon Brown has elements of both in his thinking. In his statements he tells us the Blairite reforms carry on. He claims to favour a wider range of different types of school, and wants private treatment centres hired by the NHS to provide specialist facilities. However, as Chancellor he was often the roadblock to reform, and as Prime Minister for all the fine words there is not a lot of evidence of major reform on the ground. He increased spending massively to test out the old Labour proposition that there was nothing wrong with monopoly state services that large injections of cash could not put right. Now in power at Number 10 he faces the conundrum of what do you do when the public services are still not good enough and you have run out of money.

The irony of the PM position is clear. He will continue to speak as a moderniser but will operate as a traditional high spend socialist. The one thing he is likely to conclude from the bruising rows of the last few months is he should drop all moves to higher taxes, and just borrow and borrow and borrow. The left has largely given up on the idea that taxes on people should be raised after all the left somewhat belatedly joined Conservatives in complaining about the last income tax hike. Trade Unionists will have another go at taxing energy companies, just as oil prices start to subside. The demand will be popular, but the Chancellor if he goes there will probably end up making another mess and become impaled on an increasingly international and vociferous business lobby capable of shifting profits and domiciles quite quickly if he goes too far.

All this leaves Gordon Brown to do as he will see it is to spend more and more on Labour areas and Labour causes. This will make the economic position worse. Years of high spending on the inner cities, and years of skewing spending to the north and west away from the more prosperous south and east has failed to narrow the gap. Over the last eleven years the more they have spent in the public sector the bigger the regional gap has grown. This will not deter them.

Heaping more public spending on will delay the interest rate cuts the UK economy needs to revive its housing sector. Spending more in the public sector will intensify the squeeze on the private sector and lead to more job losses there. It will reveal to all who still do not get it that Gordon Brown is very much a high spend socialist. It will also bring his government down. It the economy stupid. More public spending is not the way to fix it.

If he wants to revive his political fortunes he does need to get a grip on the public sector, and reduce the squeeze on the private by cutting taxes and interest rates,

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