As I recently pointed out (click here and here), now that McCain and Obama have done their duty for their real masters, Wall Street; John McCain can now afford to name names.

For the record: while it may seem like many middle Americans are only to happy to respond to this ploy; what they really are responding to is the realization that someone has finally heard their voices in this election -- that free-market, fiscal conservatism is not dead -- that once their true leader is found, these ideals will rise to political dominance again and right the wrongs that are presently being undertaken in their name.

ex animo

 

 

davidfarrar 

The racebaiting has turned from tragedy to farce.  Barney Frank...

Rep. Barney Frank said Monday that Republican criticism of Democrats over the nation's housing crisis is a veiled attack on the poor that's racially motivated. [...] "They get to take things out on poor people," Frank said at a mortgage foreclosure symposium in Boston. "Let's be honest: The fact that some of the poor people are black doesn't hurt them either, from their standpoint. This is an effort, I believe, to appeal to a kind of anger in people."

 I hardly know where to begin.

• Yes, "subprime mortgage crisis" is obviously just code for "minorities".
• Yes, it's obviously inappropriate to suggest that extending mortgages to people who can't afford them is somehow responsible for this financial crisis of people unable to afford their mortgages.
• No, it's not at all ridiculous for Rep. Barney Frank to say these things just weeks after he had praised Bernanke's new rules that restricted mortgages that were "inappropriate" for unqualified borrowers.
• No, it's not at all hypocritical for Barney Frank to say it's racist to point out the problems with loans made to poor/underqualified people just weeks after he had said we need regulation that says "Do not lend money to people who can't pay it back."
• No, it's not at all contradictory for Barney Frank to say "They get to take things out on poor people" just weeks after he had said "we have made a mistake in this society" by "push[ing] and encourag[ing] people into home ownership - people who, in some cases, weren't ready for it."

I keep thinking these people are going to get called out on this obvious, laughable crap, but they keep saying it and - with a few noteworthy exceptions that do "fact check their ass" about the mortgage crisis - the media keeps transcribing it. 

It is always important to honor those who did the right thing. So I humbly ask all those here at TNR to help create a cyber "State Honor Roll" of  House members from each state who had the right stuff, who did the right thing, and to distribute their list to its widest limits on the boundless public stage of the internet.

I hope by doing so, all those other politicians who didn't measure up, who didn't see their way through to do the right thing,  will understand we will not forget come election time. It is very imporant that we do this.

I will start with my own State delegation from Georgia, who numbered an amazing nine(9) Representatives who voted against the Wall Street bailout give away-- God bless them all!

1. Rep.   John Barrow           (D GA 12th District)        

 2. Rep.   Hank Johnson       (D GA 4th District)           

  3. Rep.  Paul Broun            (R GA 10th District)       

 4. Rep. Nathan Deal            (R-GA 9th District)          

5. Rep. Phil Gingrey              (R-GA 11th District)        

6. Rep. Rep. Jack Kingston  (R-GA 1st District)           

 7. Rep. John Linder               (R-GA 7th District)         

8.Rep. Tom Price                  (R-GA 6th District)          

9.Rep. Lynn Westmoreland  (R-GA 3rd District)            

Please create your own "State Honor Roll", or I will work with anyone who would like help in creating their own for their House Reps who did the right thing. Positive re-enforcement is a very powerful tool yet seldom used in politics. It is time we used it in conjunction with the power of the Internet do demonstrate to all those who didn't do the right thing their mistake in a positive way.

So I would ask all those who can post these "State Honor Rolls" to do so one their own websites, or where ever and when ever you can on the vast public stage of the Internet. 

ex animo

davidfarrar

A posting from the "Politico":

Member Since: Oct. 3, 2008

Party: Republican

Last Visited: Oct. 3, 2008 - 12:52 PM EST

#70Oct. 3, 2008 - 12:48 PM EST

McCain lost my vote when he supported this bail-out. he couldn't even wait to be elected before sticking it to the conservatives and if elected he'd have 4 years to give us heart-burn, i'm not going for it. how can he call himself a reformer and vote for socialism like he just did. obviously the republicans didn't learn the lesson we tried to send em in 2006. maybe 4 years of democratic rule will bring SOMEBODY we can vote for.

ex animo

davidfarrar

Oh, I get it...the Senate is now asking the House to approve a pork laden bailout bill to solve a credit crunch that was caused by too much government credit in the first place.   You can't stop a problem of too much spending, too much deficits and too much inflation with more of the same -- you can only delay the inevitable. There is something else afoot here, and it has nothing to do with the state of our economy.

Make no mistake about it, this bailout bill was never about the money, but all about the consolidation of power. The Senate deal has now been reduced to adding a few barrels of pork in return for fundamentally restructuring the division of power from the Congress to the executive branch.

Sure, the Senate made a few provisions to address this issue, but those provisions really didn't change the fact that after this vote, it will be the executive branch that determines what to spend the nation's wealth upon, not the Congress. I hope every House Rep who votes for this bailout bill enjoys their pork because the 110th Congress will live in infamy as the Congress that gave away its power and our liberty.

ex animo

davidfarrar

The National Online Party

Fascism has arrived with a smiley face as a result of the Senate's vote tonight. With the passage of its companion bill in the House, it will no longer matter who wins the upcoming debate, or who wins the presidential election. Elections themselves will no longer be relevant, simply an illusion for the people's' consumption and entertainment, like the Circus Maximus of old Rome.

The real leader of this country now resides in the Office of the Treasury Secretary.  And make no mistake about it, the moneyed class know exactly what happened. This is, in fact, the answer to Ron Paul's own question as to why the government would even want to go through a Congressional vote on the motion of a bailout when the government already had all of the necessary power to allocate the $700 billion, and more (click here) (1:50-2:14). The answer is, it was never about the money, it was all about the consolidation of power -- the fascist state being legally brought into being through an act of Congress.  American history will record this date as the date we, the People, lost our sovereignty and placed it in the hands of the moneyed class.  

 As long as the moneyed class can successfully keep bread in the people's stomach and their attention focused on the circus maximus of public elections, the people will never notice nor care that their liberty has been replaced by a

                               

                              smiley face.

 Welcome.

ex animo

davidfarrar

The Senate tonight is again ready to authorize the Fed to pump in even more billions of unneeded credit and dollars into the marketplace, all in an attempt, as they see it, "To save the taxpayer." You hear this refrain from Congress, the President, Obama and McCain over and over again.  Nothing could be further from the truth.

Make no mistake about it;  Congress is engaged in nothing more than damage control from their own incompetency at the expense of the taxpayer.

Here are two very short  (2:26, 4:46) Ron Paul, Ron Paul summaries on the "Bailout" crisis. And, although, Congress has stop calling this a "Bailout", it is still a "Bailout", a bailout of Congress.

ex animo

davidfarrar

 I will gladly offer you credit tomorrow for a handout today.

The fact of the matter is, Obama is not so much surging ahead in the polls, as John McCain is falling in the polls. He is falling in the polls because he has failed not only his base in the $700 billion give away to Wall Street, but also a large number of Independents who also are opposed to the bailout.

Just think how much better it would have been for McCain's presidential efforts if he had left the campaign trail and raced back to Washington to oppose the bailout, or at least fight to slow it down, and to fight to rid the ultimate bill of its raising ear-marks and special-interests political backroom dealings that are now surrounding this legislation.  He could have emerged as the champion of the taxpayer, beyond what any Democrat operative could have possibly asserted. He could have emerged as the only leader in this crisis.  But what did he do? He raced back to Washington to prove himself just another socialist senator, with no new ideas, no leadership other than to simply following the script.

        Yes, my friends, we need to give Wall Street all of your hard earned tax dollars, 'cause if we don't...well, where will all my campaign contributions come from?

John McCain is falling in the polls because he has failed to support his own constituency, and they, in turn, are failing to support him. It's just that simple.

Because of this failure, and if this bailout succeeds, I don't see how McCain can win this election.

ex animo

davidfarrar 

 I'm mad as hell, but what can I do?

First, it was a slam-dunk, a done deal, it was all over but the formal vote. It must be voted on before the Asian stock market opens on Monday (9:00 pm Sunday night, est.). But something unexpected has happened! 

What happened is patriotic American taxpayers have been overwhelmingly pounding on Congress NOT to pass this Wall Street bailout legislation.  There have been constant reports on CNBC, and in other places, that calls and messages to Congress from taxpayers were running roughly 300 to 1 against this Wall Street bailout legislation

Now is the time for you to join the fight others have thus far so valiently fought. Let your voice be heard by your Congressional Representatives. Your messages and calls to Congress do make a difference!

It is also far more helpful and responsible to offer Congress an alternative plan along with your opposition to the present legislation. While there are many alternatives, one has been notable:  Congress must remove the mark-to-market accounting rule, and replace it with a "discounted cash flow" accounting rule. Doing so would . . .

* Enable firms to record a more realistic value for their assets

* Boost balance sheets and restore credit ratings

* Provide useful information that would serve to create a liquid market for these assets

In short, this one simple regulatory change would accomplish everything the Wall Street bailout legislation is supposed to achieve, with NO EXPENDITURE OF FEDERAL FUNDS !

If you want to learn more about mark-to-market accounting vs. discounted-cash-flow, Please Click  Here.

 Please send your  message to Congress right now.

As an example of a message you can use:

"The Wall Street bailout legislation moves the country in the wrong direction, toward more spending and more debt. Oppose this Wall Street bailout legislation in its present form!  Instead, remove the mark-to-market accounting regulation, and replace it with a discounted-cash-flow accounting rule. This will free up the markets at no cost to the taxpayer."

You can send your message to either D o w n s i z e r - D i s p a t c h, Contacting the Congress, or No Wall Street Bailout.
 

ex animo

davidfarrar

According to our illustrious leader, If the Feds don't manage to steal $700 billion (plus) from us taxpayers sometime around 9:00 pm est, Sunday night, the financial skies will start falling when the Asian markets open Monday morning.

The only problem is, according to ABC's George Stephanpoulos, his Senate sources say a Senate vote on a bailout bill "unlikely" before Wednesday.   Senate Majority Leader Harry Reid said the Senate will stay in session as long as necessary to get the bailout package passed. 

We will all just have to wait until Sunday night to see if we really do need to turn this country into a socialist state or not.

First they take my money to buy stock and I get a commission, which is taxed. The stock drops, I lose money and now they want my tax dollars to bail them out, There is something wrong with this picture. If Wall Street gets this bail out, so should main street, and Paulson should be fired for gross professional incompetency, along with the CEOs of every banking institution that requires federal assistance.

ex animo

davidfarrar