Dear John: I hope we can work this out (page 1)

Dear John McCain,

Please stop “I can reach across the isle” platitudes. Everyone knows you have and everyone understands. What you have to do is explain where you stand and where you believe Obama stands. Gov. Palin started on a few points but missed the clarity that is required to convert the undecided. It is time to walk people through the conversion and pin Obama down.

Based on last weeks debates and stump speeched since, here are a few points I think need clarification. No spin just straight talk and facts.

1. Where does Obama stand? He says that he will only raise taxes on the top 5% and you say that should not be trusted. Not enough…step us through.

Obama says that he will only raise taxes on the top 5% of wage earners. Though I fundamentally think that is wrong-headed, I understand the concerns others may have with the deficit. I will get to that a bit later. I would like to take Senator Obama at his word as many Americans would as well. But looking at his very short senatorial record he has voted 94 times against the taxpayers and for higher taxes for individuals with income as low as 42k (earning him a lifetime rating of 14% in favor of taxpayers). With a record as short as his, it is possible that this does not represent the full view of the man. Let’s look back at his state legislative record. That too is a bit murky with a large number of votes of “present”. Hard to gauge that. That’s OK, let’s take one more step. We can look at his community service and the character of the people with which he surrounds himself. Well… there is that work with Acorn…maybe that series of board meetings and work with Bill Ayers… well at least his is attended church regularly.

There is nothing in his background at all that would indicate that he is nothing but a far left liberal that would raise taxes on everyone. But again, I do not want to call him a liar. If he says he won’t, then maybe we should take him at his word. For example, he said he supports our troops…but then voted to cut off their funding. He said he would accept matching funds… but then decided not to. He says he understands the middle class and then says that they are bitterly clinging to their guns and religion.

I am sorry my friends, his background and the facts simply do not support his words. I am a man of action and my record on that is clear. The difference is also just as clear.”

Continued on Page 2

This is what we get when burocrats get involved in the stock market

On Behalf of toyman:

You might find this interesting. Harry Reid opens his mouth and starts a reaction prior to the Senate vote.

“We don’t have a lot of leeway on time. One of the individuals in the caucus today talked about a major insurance company. A major insurance company — one with a name that everyone knows that’s on the verge of going bankrupt. That’s what this is all about,”

Dumba**. I like the way he put it “one with a name that everyone knows” . . . like that would soften the impact. Instead it necessitates a number of insurance companies to make statements to the contrary.

http://money.cnn.com/2008/10/02/news/companies/insurance_stocks/?postversion=2008100214

Isn’t about time he retire?

Liberals and Communists what is the plan?

For those that think the Liberals in Hollywood and Congress are communists. Here is the background you needed.

It is a fascinating interview with an Russian defector about the KGBs infiltration of countries prior to overthrow of a country. I know that they were working on this in the 70s and figured most of it had died away. Maybe not…?

Update: Take this into consideration as you read the details about the Chicago Annenberg Challenge and the funding of education.

A look back at the root cause of the mess caused by Freddie Mac and Fannie Mae

This should be required viewing by all before they are allowed to vote.

Congressional hearings 2004 on Freddie Mac and Fannie Mae bad accounting practices.

FoxNews Timeline of events with quotes and video.

I know that facts sometimes get in the way of emotion and cause confusion in the minds of the brainwashed. But facts are facts.

O’reilly dead on for McCain campaign

McCain is losing on the economy because he is afraid to slam Bush. Don’t slam Bush, slam the financial meltdown and take a stand. O’bama and the media already admit that revenues are going to drop and that a recession is imminent. Their traditional answer of raising taxes to get “more revenue” is disastrous. And though cutting taxes in 2003 ended a recesssion and increased revenues, cutting anything but capital gains is suicide at this point.

Let’s agree to all make the sacrifice and hold spending at the current levels during this down turn. In a few years revenues will be back up and we can decide if we need to increase the size of any government programs at all. Since many of us will not notice the difference, maybe we will spend it more wisely.

O’reilly hit it right on the head in his talking points (timestamp 1:00) for 9/29.

Advice from a supporter that is beginning to wane

I want the maverick back. Not the guy that talks about being a maverick and being bipartisan and bringing people together but the guy that IS. Don’t suspend your campaign and don’t phone it in.

Continue stumping for the fact that you tried. You went there to try making sure that all parties were at the table. And in the end this bill was better and had more bipartisan support than the original ever could have. But that it is not enough and it is not done. Stump for the Gingrich turned Republican house plan. Some smaller “bail-out” might needed to be included, say 100B to allow for the Fed to hold distressed mortgages. Take the failure of a bad plan as a good thing not a distraction. Everyone, I talked to leaning either way thinks that an insurance plan and protection is in order but not a buy-out. If you can be the voice of this plan, the voice of those Republicans and Democrats that could not vote for this, the voice of the people. Then get to Washington (middle of the night, early morning arrival) and get his financial bill done. Stand as a leader from the Capital steps and proclaim your stance strongly for all to hear. It will pass and you will bring me strongly back into your camp.

You have to believe it, you have to feel it, and you have to lead I see this campaign much as I did the acceptance speech; kind of slow and methodical, laying out the differences, explaining positions to the American people. But it needs to end strong, the speech ended with emotion, it ended by calling us all forward, it ended as a maverick and America become the leader we all need. loved it. Now end this campaign the same way.

700 billion…Do you believe in cooincedence?

The Clinton and Bush plans to increase minority home ownership may have been noble but…

Oct 15, 2002: …Fannie Mae responded by committing $700 billion in home financing to 4.6 million minority households through 2009. This increases by 66 percent the specific pledge Fannie Mae made in 2000 to minority families through it’s American Dream Commitment plan to provide $420 billion for three million minority families…

Interesting number in light of the bailout. Do you believe in coincidence?

Decent history of the housing crisis and the impact of CRA

Re: Community Reinvestment Act from Wikipedia.

Scary words if you are bank president…

The CRA mandates that each banking institution be evaluated to determine if it has met the credit needs of its entire community.

…regulations for the CRA were strengthened by focusing the financial regulators’ attention on institutions’ performance in helping to meet community credit needs.

Almost comical now, if it was not so scary.

Representative Barney Frank (D-MA) claimed of the thrifts “These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

So the basics are thus… The government decided we need more home ownership in the poorer communities. They focused their attention on those banks. To avoid detection banks gave loans they knew had a likely high default rate. Then they were let off the hook by selling those loans to Fannie and Freddie which were protected from default as GSE’s by the tax-payers.

And here we are with a Socialized Mortgage market. Now think about this history and these arguments when you hear about the right to Healthcare for the poorer communities.

Who is working for us and who is lining their pockets?

Let’s let the congressional record speak for itself.
http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16&bill=s109-190
Note the “Reform act of 2005”. Comment dated May 25, 2006.The most significant statement… If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

Someone had their finger on the pulse of this issue and was trying to address it and save the disaster we are trying to fix today. Someone was looking cause and effect, actions and impacts. Someone was completely in touch with the situation and trying to do what was right. That someone was four republicans including John McCain.

Contrast that with this.
http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html
Note the dates 1989-2008. Obama was elected in 2004 and has reached number 2. I guess he is an “up and comer” [in lining his own pockets]. Note that McCain is not in the top 25. Wonder why?

So the simple question is, “Who is working ofr us and who is working for themselves?” It would seem to be so obvious at this point that to change Washington we need someone that is willing to for us.