Category Archives: Barack Obama

Republicans or Democrats…Who is to Blame?

I decided to actually watch CNN tonight to hear what all the pundits had to say about the bailout failing to pass.  Let’s just say my head hurts now.  Before I even get into the Dems and Repubs, it’s amazing to me that we only hear one side of this argument.  Everything on the news is how the bailout just has to be passed and it was a major mistake not to pass it.  What about the other side?  

I even heard these morons say that yes the bailout is horrible but we just have to pass it.  We do?  Can’t we pass something else?  Don’t we have the power to rewrite bills or make new bills that may work better?  I seem to remember reading that in Government Class.  CNN completely ignored the other side of the argument in all their newscasts tonight.   It’s like I’m listening to the state run news network just repeating the talking points handed to them by the administration…strange feeling.  This is the United States of America, right?

Ok, now on to Congress…Now let me see, I’ll start with the Repubs blaming Pelosi’s speech (her Speech!) for the bill not passing. Seriously? 

  • Did your feelings get hurt?  How old are you idiots? 
  • Just once, just once, I would love to hear the Republicans take responsibility for their actions.  Guys you failed to get the votes to pass this bill.  End of story. 
  • They BLAMED THE SPEECH!  They continue to just amaze me.

Ok now I’m going to rip the Dems…so any Democrats out there who can’t take it then you better look away.

  • Pelosi why do you still have a job?  Every day that you wake up do you look in the mirror and just ask yourself if you can screw up as bad as you did the day before?
  • Did the Dems blame the Repubs for not getting enough votes?  They said that they got their fair share and the Republicans didn’t get theirs.  Are your legs broken?  Get off your asses and go get more votes if you believe in this thing so much.  WTF?  That’s the weakest argument I’ve ever heard…oh wait.  They blamed THE SPEECH!

So CNN went on to say that the house Republicans who voted against the bill were putting their re-elections ahead of the country.  But, then they went on to say that 90% of the calls into those same Repubs offices have been against the bailout.  Don’t they work for those people?  Aren’t they supposed to represent them?  I’m so sick of this crap about putting the country ahead of everything else…this is not the Soviet Union!  You are free to have differing views here in this country.  In fact, it’s healthy and natural. 

The majority of American people do not support this bill and the congress who represents them voted it down. So what’s the problem?  If it’s so important then explain it to the people of this country and stop trying to scare them into supporting it.  I mean, I know that’s Bush’s only motivational tactic but someone in congress should be able to do something.  How about those two idiots running for President?  Maybe they could explain it to the American people.  I’m pretty sure that’s how this whole thing called government was supposed to work.

And does anyone, anyone have a problem with the Democrats in Congress lining up behind President Bush on this? 

I know this post is long but I got one more thing to say.  Where is Dick Cheney?  Where do you think his money is?  Dubai?

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Getting up to Speed on the Economy

I’ve had quite a few people ask me about the economy lately…what I think of the bailouts and whose fault all this is.  And most of the time I just don’t know where to start.  It’s not simple to explain.

First of all, anyone who says they can provide a quick summary of the problem is wrong…there is not a quick summary of this.  It’s not just about the risky mortgages given out over the past 10 years, it’s not just about the consumer debt, and it’s not just a Republican or Democrat issue. 

It is affecting the entire world…global crisis if you will.  So that should tell you right away that this isn’t simple.  Let’s take a look at some of the issues going on right now:

  • That 700 Billion Dollar Number means absolutely nothing.  They just made it up.   “It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.”
  • The original bailout bill was only 3 pages!  3 Pages for 700 billion dollars?  Anyone who knows anything about bills realizes that this is unheard of.  They just wanted a blank check with no oversight and didn’t even try to disguise it.  Those that think it is a bad thing that the bill is a lot longer now need to go back and read that “700 Billion” one more time.
  • Paulson is leaving office in 4 months – meaning he can be heavily infuenced by outside forces in his decision making
  • The bailout will not help the average person at all.  That’s why they don’t care that the majority of Americans are against it.
  • It’s only putting off the inevitable…the market has to correct itself at some point.  Housing Prices were artificially high and interest rates artificially low. 
  • Why are these other spending bills going through right now?  Nasa buying Russian Spacecraft, Missile Defense Systems, Huge Defense Spending Bill – 634 billion
  • If you want to try and protect yourself.  change your money into something other than US dollars.

There is one interesting question that really makes you think.  Who is putting the pressure on the US Gov’t to do this Bailout Deal ASAP?  I don’t have the answer…and it makes my head hurt to speculate on it. 

And for all of you that say that the bailout is needed and everyone who is in the know agrees…read this.

And if you want to learn a little more about this crisis then take a look at the derivatives bubble and the credit default swaps.  It’s not so much that the banks gave out bad mortgages as it is what they did with those mortgages once they had them.    And I think Obama and McCain have zero idea what to do.  McCain proved in the Republican primaries that he is clueless on the economy. 

But notice again how fear is playing a role in all of this and the Democrats are the first to fold…leaving so called “Rebel Republicans to fight”.   Rebel Republicans – who see Paulson’s proposals as socialism by the back door – were warned they will be responsible for causing an “amazing catastrophe” if they continue to oppose the plans, which would see taxpayers buy up the bad debts of failing banks

What’s it called when the National Government Owns and Controls the Market?

Obama is lost

I had hopes for him but he continues to disappoint me with his short-sightedness.  He appears to be caving on offshore drilling and now he wants to tap into the strategic oil reserves.  

Obama, who as recently as last month argued against tapping into the petroleum reserve located in caverns in Texas and Louisiana, proposed that the government sell 70 million barrels of oil from its stockpiles and said that releases from the reserve in the past have lowered gas prices within two weeks.

Someone please explain to these idiots that this is a terrible way to deal with high oil prices.  This will only offer short term relief and will only leave the country in worse shape when those 70 million barrels are exhausted.  The strategic reserves are there for a reason.  How do you think the military functions without gas?  You think those tanks and planes work well without fuel?  What happens if we attack Iran and then they respond by blocking the sea lanes of the gulf?  Or maybe there’s unrest in Saudi Arabia or Pakistan?  Or Venezuela sells all their oil to China?   Let’s just say oil will be hard to come by. 

I love how the AP hides this in the article….The last sentence of that story is the following:

Elgie Holstein, an Obama energy adviser, said that, while fewer refineries now are capable of refining the heavier stuff into gasoline, in the future that won’t be the case.

So the oil that will be replaced will be even tougher to turn into gasoline.  Great!  That’s just makes the idea even worse.  You know, because if you really are in need of tapping the strategic oil reservers you probably don’t need the stuff quickly or anything.  And “in the future”? What kind of timeframe are you talking about?  When are these new refineries going up?

I suggest whenever you read an AP story that you make sure you read the last paragraph as that’s where they hide the good stuff.  Don’t overlook it.  And my message to Obama:

 If you want to be so much like McCain then just quit the race and vote for him.

Democrats are Embarrassing

I’m watching Meet the Press and the whole discussion about Florida and Michigan is really embarrassing.  I never could figure out why the democratic party decided to make those two primaries irrelevant in the first place.  Let’s throw out what’s happening now and voters should ask how it got to this point?  What kind of idiotic party leadership makes two of the most important states in a general election irrelevant?   I have to think that when the Dems made this decision…the Republicans were laughing in their war room, knowing that this would come back to hurt them.

If the primaries hadn’t been this close then this issue would have never come up now…and it should have been a huge issue in the first place.  It’s scary to think that the Democrats let it come to this.  Their leadership should have never allowed those two states to become irrelevant during the primary season.  You really have to ask yourself if this kind of thinking is an indication of decisions they will make in the future.  I would think the Republicans will seize on this decision and make a case for votes in the fall.   You combine that decision and the failures of the Dems in Congress and this election may be a lot tougher than the Democrats expect.

They can bash Bush over everything imaginable and they will be right but at some point they have to begin to sell their abilities and not just the failures of the Bush Administration.  The more I think about the failures of the Democratic Congress to stand up to Bush over every issue from domestic spying to Iraq to the Economy then you take this stupid primary strategy and it’s just flat out embarrassing.  I can’t see it any other way. 

And then if you get into the entire Super Delegate issue….I think it leaves many people wanting an alternative to the 2 parties. 

McCain is in trouble

First, he all but admitted that he was basing his campaign on the Iraq War.  Any sane person knows that he’s in the minority there.  And it appears that he had a sane moment when he said it.

It doesn’t matter at this point if it’s really going well over there or not, the soldiers are tired of it and the American people are tired of it.  It’s hard to keep the momentum of a war when you are fighting people that never attacked you.  Good Luck winning with that John Boy.

And from the latest poll numbers….not looking good.  Down by 12% to Obama

Interesting comments by Obama though.  He spoke the truth but it’s a road few want to venture down. 

“Frankly some of the commentary that I’ve seen which suggests guilt by association or the notion that unless we are never ever going to ask any difficult questions about how we move peace forward or secure Israel that is non military or non belligerent or doesn’t talk about just crushing the opposition that that somehow is being soft or anti-Israel, I think we’re going to have problems moving forward,” he said.

Obama attacking the right in Israel…they aren’t going to like that one bit.  Anyone who has ever traveled to Israel knows that most of the people that live there (both Israelis and Palestinians) are moderates but rarely does mainstream America hear about this.  The less this position is talked about, the more drawn to extremism both sides are in an effort to be heard. 

And of course you have the Kosovo / Palestinian Argument which the Bush Administration quickly responded to.

The United States on Wednesday rejected comparisons between the Palestinian situation and Kosovo, after a senior Palestinian official called for a Kosovo-like declaration of independence.

Kosovo is a “unique” situation, State Department spokesman Sean McCormack told reporters. “It is not a precedent for any other situation around the world.”

Uh, you think it’s because Kosovo benefits the US and the other doesn’t?  Yeah, screw precedents!  We like to just make things up as we go along.

Iowa Caucus Predictions

I’ll take a stab at it.  This is based mostly on gut.

Dems:

  • Obama  37%
  • Edwards 33%
  • Hillary 27%

I’m giving Edwards a jump because of his statement on Iraq today…first Democrat front runner with the balls to set a date.  Hillary has no momentum and Obama seems to have a solid lead.

Repubs:

  • Romney 27%
  • Huck 22%
  • Paul  18%
  • McCain  17%
  • Guilani  7%
  • Thompson 7%

This one is a mess.  I’ve dropped Huck because of his stupid ad press conference and because he’s a scab (how can you cross a picket line the night before an election?).  I think Paul’s numbers go up since it seems like 99% of his people will actually show up to vote while other candidates are less likely to get that kind of turnout.  Plus, I saw him a lot on TV today so maybe the media doesn’t want to be caught looking foolish.  Thompson’s numbers are probably going to be lower because it looks like he doesn’t want to win.  Rudy doesn’t care and I think old people like McCain.

The two big issues this year are going to be the sinking economy (the lending and credit crunch is going to be brutal) and Iraq as both will continue to get worse and worse and more people will realize one has a direct affect on the other.  This should be an easy victory for the democrats but their failure in congress this past year will put voters off.

Obama’s Lapel Pin

I can’t believe this actually made it on Fox News…oh wait, yes I can.  I expect nothing else from that crappy station. 

This over a pin!  A freaking pin.  It’s the Aids pin episode from Seinfeld but in real life.  Unbelievable.