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Here is another tidbit...a little lengthy, but worth it. Essential Information resides herein;
http://www.thepostemail.com/2011/08/11/the-real-revolution/
Whether you think the man is crazy or dead on the money, listen in on Monday night, 9 p.m. EST on Tea Party Radio
Information is essential for us to move forward, and the better informed you are, the more aware you are, the more
effective you are.
This is from a post by Jedi Pauly, who I've been acquainted with over the last few years. He has gone to great lengths and has done an incredible amount of research to come to his conclusions. Great progress has been made over the last 2 years or so...take the time to see why by following this link:
http://www.thepostemail.com/2011/08/13/purpura-v-sebelius-the-last-chance-for-a-republic/
I have invited Jedi Pauly to join us Monday night on Tea Party Radio as a guest, to explain his take on things.
I encourage as many that can make it @ 9 p.m. EST to join us on Tea Party Radio on BlogTalk. Call-in # is 646-200-4032.
There will be more coming here shortly concerning these issues. God Bless...
Sent by our friend David Toy---a MUST SEE!!
CONGRESSWOMAN BACHMAN DISTIGUISHED HERSELF IN THE GREAT DEBATE, SHE MET EVERY CHALLANGE THROWN AT HER WITH GRACE, SINCERITY AND HONESTY WITHOUT REVERTING TO THE "CONVENTIAL POLITICS"
I FOR ONE HAVE HAD MORE THAN ENOUGH OF CONVENTIAL POLITICS, I DON'T LIKE THE WAY THESE POLITICS HAVE EVOLVED, IT IS TIME TO BRING HONESTY, UNCOMPROMISING COMMITMENT TO THE CONSTITUTION AND BILL OF RIGHTS AND SHE EXHIBITED THAT SHE HAS THE FIRE IN HER BODY AND SOUL (NOT JUST HER STOMACH).
I LIKE AND RESPECT RON PAUL BUT HIS ISOLATIONIST VIEWS TROUBLE ME. I RECALL FORMER BRITISH PRIME MINISWTER NEVILLE CHAMBERLAIN VISITING EUOROPE DURING HITLERS RISE TO POWER AND COMING HOME TO BRITAIN TO TELL HIS FELLOW BRITS THAT THE EVFENTS IN EUROPE WHERE OF NO CONCERN TO BRITAIN AND THAT BRITAIN SHOULD JUST MIND THEIR OWN BUSINESS, WELL WE ALL KNOW WHAT HAPPENED AFTER HIS REPORT BACK HOME.
I RECALL THAT A JAPANESE DELEGATION VISITED WASHINGTOM D C IN NOVEMBER 1941 TO DISCUS A TRADE AND MUTUAL COOPERATION TREATY AND WHAT HAPPENED ON DEC 7. WE HAVE TO BE ON CONSTANT ALERT BECAUSE SOMEONE WILL ALWAYS COME ALONG WITH ASPIRATIOINS OF WORLD DOMINATION. THE ONLY MAJOR FORCE STANDING IN THE WAY OF THEIR ASPIRATIONS IS THE UNITED STATES OF AMERICA WHICH CONTAINS MANY NATURAL RICHES, BUT IT ALSO CONTAINS THE SPIRIT OF 76 AND WILL NOT BE DEFEATED.
ALL OF THESE PRIOR ATTEMPTS AT WORLD DOMINATION HAVE FAILED BECAUSE OF THE INDOMINABLE SPIRIT PRESENT IN THE BODY AND SOULS OF AMERICANS. BECAUSE WE CANNOT BE DEFEATED MILITARILY, WE ARE NOW UNDER ASSAULT BY DEVIOUS AND COVERT MEANS WHERE THOSE WHO WISH TO DESTROY US AND THE OTHER FREE DEMOCRACY'S IN WORLD ARE ENGAGING IN AN INFILTRATION TACTIC IN THE U S, BRITAIN, FRANCE, GERMANY, ETC. THEIR PURPOSE IS TO CREATE AN INTERNAL CANCER WITHIN OUR BORDERS, WHICH WILL EAT AWAY AT OUR FREEDOMS IN AN ATTEMPTR TO DESTROY US THAT WAY. I FOR ONE SAY NO WAY JOSE' AND ALTHOUGH I ABHORE VIOLANCE OF ANY KIND, WE HAVE TO MEET THIS ASSAULT WITH EVERY WEAPON WE CAN.
Here we have a good entertaining clip---click the link below and then ponder the real state of the Union;
https://www.youtube.com/watch?v=tRmZ9zH-mYM&feature=email
Radical College Professor that Seeks Demise of United States Part of Obama Inner Circle
See the article that exposes it all:
Wake up call!
Posted on NRA-ILA-On August 12, 2011:
“By now you have seen the headlines and images of destruction: the rioting, looting, violent assaults, and arson. London and other UK cities look like war zones and their citizens are afraid to venture out, because the danger is very real. It’s a view of the temporary breakdown of society. It is gut check time; a time when the concept of being able to defend oneself gives way to the stark reality that few viable options to do so exist.
Gun laws in the UK are among the most restrictive in the world. In March of 1996, a deranged man walked into a school in Dunblane, Scotland and killed 16 children and one teacher. In the aftermath of this tragedy, British politicians sought to reduce violent crime by enacting a ban on all handguns. Handgun owners were given a February 1998 deadline to turn in their firearms—and they did. The UK was supposed to become a much safer place—but dramatic increases in crime following the gun ban proved it didn’t.
A July 3, 2009, Daily Mail article reported that “Britain’s violent crime record is worse than any other country in the European Union, it has been revealed. Official crime figures show the U.K. also has a worse rate for all types of violence than the U.S. and even South Africa.”
And the current bedlam has proved it further. Restrictive laws concerning long-guns, combined with the outright ban on handguns, leave the country’s citizens largely defenseless (it was reported this week that sales of one type of aluminum baseball bats on Amazon UK rose 6,541 percent). In many places, it was reported that police were unable to stop the mayhem. As a result, panicked, defenseless law-abiding citizens were forced to flee their homes, while others watched as their businesses were destroyed. Compare this to the 1992 Los Angeles riots, when armed citizens were able to protect their lives, families, and property from looters and violent mobs.
An August 11 Herald Sun article reported one resident as saying, “its absolute bedlam on the street. People have been openly looting for an hour, two hours, and the police have been ineffectual. They’ve done nothing.” Another victim, who was trapped in her hair salon in Clapham Junction while a mob smashed its way in and trashed it, said, “They were mocking us, [saying] ‘look, look, they look scared’. Where is the police? I want protection. This is what they’re here for . . . I’m not secure at my workplace. I’m not secure at my home place. Will they be there to protect us tonight? They weren’t here to protect us last night.”
The Telegraph.com.au reported on Tuesday that mobs were forcing hapless victims to strip off their clothes while being robbed, and described a shocking video that shows a bleeding, already-pummeled teenager being robbed in broad daylight by lawless thugs who pretend to help him to his feet, and then steal the contents of his backpack while he can barely remain standing, much less defend himself.
This is what a disarmed country looks like. This is how little is left when free men and women surrender their right to own a firearm.
One has to wonder how differently this all would be playing out if the law-abiding were allowed to arm themselves. How different would the reports be if violent, opportunistic, amoral thugs were confronted with armed resistance from their intended victims?
It has been said that, “The only thing necessary for the triumph of evil is for good men to do nothing.” In this case, good men and women have been stripped of their ability to do something, and evil has certainly triumphed.
Ironically, the UK is an outspoken proponent of the United Nations’ efforts to negotiate an Arms Trade Treaty. Presumably the UK’s goal in supporting an ATT is to spread the “safety and sanctity” they imagine their country as having to the rest of the world. Perhaps the recent calamities will cause the British to rethink their position; we certainly hope so. It’s time for the British government to drop its draconian gun-control laws and restore the right of self-defense to its law-abiding citizens.
It’s time to face the facts. When law-abiding citizens are disarmed, is their society a safer one? Do gun bans reduce violent crime? Will the police always be there to protect you? England’s current plight is just the latest example to show us, yet again, that the answer to these questions is an emphatic “No.”
Source:
http://www.nraila.org/Legislation/Federal/Read.aspx?id=7025
Note: The following articles and/or blog posts and videos relate to this disturbing issue-You Decide:
I. British gun laws: Coming soon to a country near you?
What’s wrong with this picture?
Posted on Charlotte Gun Rights Examiner-By Paul Valone, Charlotte Gun Rights Examiner-On October 13, 2009:
“British authorities are apparently so satisfied with the results of stringent gun laws that they intend to use the United Nations to bring gun control to the United States.
According to “The State,” seven countries have begun a campaign to “regulate the global arms trade” and “prevent the illegal transfer of guns.” And leading the charge is John Duncan, Britain’s ambassador for multilateral arms control and disarmament, who described a recent month-long meeting of the UN General Assembly’s disarmament committee as “pivotal” in launching a new global treaty.
Despite previous U.S.-led resistance to international gun control, when U.S. ambassador John Bolton repudiated such efforts, Duncan and other supporters hope to have the U.N. General Assembly vote on a draft treaty later this year.
American Versus British Crime Rates:
Ironically, the same Britain now trying to export gun control has experienced an explosion in violent crime since virtually banning guns in 1997. In an article just three months old, the British MailOnline reports that England and Wales now have the highest violent crime in the European Union – a rate which, in fact exceeds that of the United States and even hyper-violent South Africa.
Says MailOnline:
“In the decade following [the election of the Labor Party] in 1997, the number of recorded violent attacks soared by 77 percent to 1.158 million – more than two every minute.”
Indeed, the U.K. – a laboratory for the near-complete prohibition of private gun ownership – has a violent crime victimization rate of 2,034 per 100,000 residents.
Meanwhile, the U.S., with its far less restrictive gun laws, has a violence rate of only 466 crimes per 100,000 residents.
Even South Africa’s rate is lower, at 1,677 violent crimes per 100,000.
Downplaying the report, British Police Minister David Hanson cited differences in crime reporting to call the figures “misleading.”
Other Countries:
Also supporting the U.N. effort are Argentina, Australia, Costa Rica, Finland, Japan and Kenya. While violent crime rates are not readily available for Argentina, Costa Rica and Kenya, anecdotal evidence suggests violence exceeding our own.
Argentina: The Argentine Post, conducting a survey of households in 40 urban centers, reports fully 32.7% or respondents had a family member who had been victimized, and only one-third of such crimes had been reported.
Finland: With gun laws the BBC laments as “among the most liberal in the world,” Finland has a violent crime rate of only 738 per 100,000.
Japan: While violence is historically low in Japanese culture, suicide rates are invariably high, despite a near-complete ban on private gun ownership. Additionally, Japanese residents live in a virtual police state.
Australia: Another laboratory for gun control since restricting gun ownership following the 1996 Port Arthur massacre, MailOnline reports a violent crime rate for Australia of 92 per 100,000 residents. This seems unlikely, however, since The Australia Institute of Criminology reports that assault alone occurs at a rate of 840 per 100,000 – a rate which increased dramatically since the Port Arthur ban. Other sources, including Austin Gun Rights Examiner Howard Nemerov, report either flat or increasing trend lines for violent crime since the ban.
Speaking of Australia...
And since the Australian government seems to want its restrictions brought to the U.S., perhaps we should glimpse what its subjects can expect in the future. “The Manly Daily,” of Australia, reported on October 9 that pursuant to the Australian Firearms Act of 1996:
“Northern Beaches Police will be turning up on the doorstep of every licensed gun owner in the area over the next four years to check their firearms are stored correctly.
“Operation Aston follows the gun amnesty that ended on May 31 and will target guns stored incorrectly and the security of gun safes, Northern Beaches Commander Doreen Cruickshank said.
“Gun owners have a responsibility to ensure their weapon is safely stored at all times when not in use,’ Supt Cruickshank said.
“Licensing police will be attending the home of every licensed firearm owner in the northern beaches over the next four years to inspect every weapon and check the gun safe.
“Officers will be examining all gun safes to ensure they comply with the legislative requirements, particularly in relation to the standard and security of safes.’” [Emphasis added]
ENOUGH SAID?”
Source:
II. Proposed U.N. Treaty to Regulate Global Firearms Trade Raising Concerns for U.S. Gun Makers!-Posted on FoxNews.com-By Maxim Lott-On August 5, 2011:
III. U.S. news agencies 'looking to disarm American people'!-Posted on WND.com-By Joe Kovacs-On August 4, 2011:
http://www.wnd.com/?pageId=329953
IV. Lawsuit Challenging the Obama Administration’s Multiple Sales Reporting Requirement!-Posted on NRA-ILA-On August 4, 2011:
http://www.nraila.org/media/PDFs/litigation/ComplaintJ&GvMelson.pdf
V. NRA Chief LaPierre: Eric Holder Must Go!-Posted on NewsMax.com-By Wayne LaPierre-On August 3, 2011:
VI. Gun Groups to Sue Over New Obama Regulations!-Posted on FoxNews.com-By Mike Levine-On August 3, 2011:
VII. Video: Fierce Battle Over Gun Rights!-Posted on FoxNews.com-On August 5, 2011:
http://video.foxnews.com/v/1095760427001/fierce-battle-over-gun-rights
Note: My following blog posts contain numerous articles and/or blog posts and videos that relate to this disturbing issue-You Decide:
What is the true intent of the UN Small Arms Treaty?
http://weroinnm.wordpress.com/2010/01/12/what-is-the-true-intent-of-the-un-small-arms-treaty/
Did ATF provide weapons to Mexican drug cartels that were subsequently used to kill one of our own?
Threat of the Mexican drug cartel, illegal border-crossers and “sanctuary cities”!
How Much Longer Will We Be "Allowed" To Keep Our Guns?
http://weroinnm.wordpress.com/2010/01/12/how-much-longer-will-we-be-“allowed”-to-keep-our-guns/
Is it important to understand the Marxist assault on the foundations of our system?
Note: If you have a problem viewing any of the listed blog posts please copy web site and paste it on your browser. Be aware that some of the articles and/or blog posts or videos listed within the contents of the above blog post(s) may have been removed by this administration because they may have considered them to be too controversial. Sure seems like any subject matter that may shed some negative light on this administration is being censored-What happened to free speech?-You Decide.
“Food For Thought”
God Bless the U.S.A.!
https://www.youtube.com/watch?v=Q65KZIqay4E&feature=related
Semper Fi!
Jake
IS IT TRUE ~ THAT THE UN HAS OWNERSHIP OF 47 OUT OF 98 NATIONAL PARKS IN THIS COUNTRY ?
IF THAT IS TRUE ~ THE CORRUPTION IN THIS ADMINISTRATION IS WORSE THEN THE PRES. GRANT'S
ADMINISTRATION IN THE 1870'S !
Italy Announces Tough Austerity Measures. Maybe our Congress will be brave enough to do the same. Do you think? Read all about it:
What’s wrong with this picture?
From the Desk of Judicial Watch President Tom Fitton:
I. New Court Ruling in Black Panther Scandal:
Judicial Watch earned a victory in court on August 4 in its pursuit of documents related to the Obama administration’s Black Panther scandal. (This gets a bit technical, so hang with me.)
In short, a federal court rejected a claim of the “attorney work-product doctrine” by the Department of Justice (DOJ) for documents prepared after the government dismissed its case against the New Black Panther Party for Self Defense on May 15, 2009. (The work-product doctrine shields materials prepared in anticipation of litigation from release. The Obama administration was using it to try to protect documents sought by JW through the Freedom of Information Act (FOIA) and a related lawsuit.)
Several members of the New Black Panther Party were accused of engaging in voter intimidation during the 2008 presidential campaign.
In his August 4, 2011, decision, U.S. District Judge Reggie B. Walton rejected the Obama DOJ’s arguments that documents prepared after the government dismissed its case (against the Black Panthers on May 15, 2009) could be withheld under the “attorney work-product privilege” exemption. Judge Walton explained:
Although an injunction remains in place in the New Black Panther Party case…the filing of the motion for voluntary dismissal largely marked the end of the litigation. As such, the documents prepared subsequent to that event were not prepared in contemplation of litigation and are thus outside the scope of the work-product privilege.
Because the case had essentially ended on May 15, 2009, Judge Walton found that “it is difficult to see how” the 24 documents created after May 15, 2009, “were prepared or obtained because of the prospect of litigation, which is the testing question the Court must answer in evaluating the DOJ’s work-product claim.”
Although Judge Walton found that the DOJ improperly withheld the 24 documents under the attorney work product doctrine, he concluded that the documents were properly withheld under the deliberative process privilege. (This is the exemption that intends to protect the internal processes of the executive branch. The idea is that by guaranteeing confidentiality, the government is in a better position to receive candid advice and recommendations. In our experience, the government often uses this privilege broadly and inappropriately to stonewall the release of information to the public.)
Judge Walton also found that the DOJ failed to satisfy its burden of showing that the 24 documents may be withheld in their entirety. Under the deliberative process privilege, the DOJ may only withhold information that is “predecisional and deliberative.” Judge Walton explained:
As it stands now, the description of the DOJ’s segregation efforts is too general for the Court, and the plaintiff, to evaluate whether any factual material in these documents is ‘inextricably intertwined’ with the deliberative material and would thus permit the DOJ to withhold the documents in their entirety.
Judge Walton provided the DOJ a second chance to satisfy its burden by submitting “a renewed motion for summary judgment accompanied by a declaration or other documentation that solely addresses the segregability issue.”
(The DOJ’s renewed motion for summary judgment is due September 30, 2011. Judge Walton hopes to rule by February 3, 2012.)
Importantly, Judge Walton also stated that if the Obama DOJ fails to “provide adequate detail regarding why these documents cannot be segregated, the DOJ will be required to disclose the non-exempt portions to [Judicial Watch].”
So additional documents could be forthcoming, which would help Judicial Watch to complete the public record on this race-tinged scandal.
Let’s review what we know so far…
According to a DOJ document previously produced to Judicial Watch, top political appointees at the DOJ were involved in the decision to dismiss its voting rights case against the New Black Panther Party, including Associate Attorney General Thomas Perrelli, the third highest ranking official at the Obama DOJ.
Attorney General Eric Holder also received “an update on a planned course of action in the NBPP” from Acting Assistant Attorney General Loretta King dated May 12, 2009, just three days before the case was dismissed, according to a Vaughnindex uncovered by Judicial Watch. (A Vaughn index describes documents being withheld from disclosure under FOIA and the basis for the withholdings.)
The documents JW uncovered through this Vaughn index include descriptions of internal DOJ email correspondence that directly contradict sworn testimony by Thomas Perez, Assistant Attorney General for the Civil Rights Division, who testified before the U.S. Commission on Civil Rights that no political leadership was involved in the decision.
So now you see why it is so important to force the release of as much information as possible about this scandal, and to find out why the Obama administration is going to such extraordinary lengths to shield this information from the public.
We already know the Obama administration’s claim that political appointees were not involved in this decision is patently false. And now DOJ officials continue to fight tooth-and-nail to stonewall the release of additional information. What else do they have to hide? This new court ruling means that we may pry loose some additional information on this voter intimidation scandal and perhaps get to the truth in the matter.
Of course, one of the major discoveries emerging from this scandal is the Obama DOJ’s racist and preferential application of civil rights laws. And if you’d like to know more about this problem, then please read on.
II. Obama Justice: Will Not Investigate Radical Hispanic Group That Attacked Civil Rights Activist:
If you needed any more evidence of the level of corruption that exists inside the Obama Department of Justice (DOJ) when it comes to enforcing civil rights statutes, here it is.
As I mentioned in this space several months ago, on March 15, 2011, civil rights activist Ted Hayes testified, by invitation before the Judiciary Committee of the Maryland House of Delegates, against providing taxpayer dollars for in-state tuition benefits for illegal aliens. Shortly after his testimony, Mr. Hayes was subjected to vicious retribution by a radical Hispanic group known as “The Timmytop,” which posted a hate video on a YouTube channel that included racist smears and death threats.
The video begins with the message “[expletive] you ‘Mayate,’” which is reportedly a racist and derogatory term used to smear African-Americans and “dark skinned” people. The video then streams a series of racist images including: The silhouette of a man hanging from a noose; photos of Mr. Hayes adjacent to photos of monkeys and bananas; and doctored photos of Mr. Hayes pictured with a gun next to his head. The video, which runs two minutes and nine seconds, concludes with the message “Your [sic] FREE Now Mayate go back to Africa.”
The video has since been removed from its original placement on YouTube, but it is available on Judicial Watch’s website here. (If you choose to watch it, please be warned that it is extremely offensive and unfit for young eyes.)
You might think that this type of vile behavior would earn the interest of the DOJ’s Civil Rights Division. (That’s what we thought, too.) After all, this is the division at the DOJ that is responsible for investigating and prosecuting violations of civil rights, including, and perhaps especially, those that could have a chilling effect on the First Amendment. In this case, you have the intimidation of a witness through death threats and humiliation.
Judicial Watch filed a complaint with the DOJ regarding the matter on April 28, 2011, calling for a full investigation. And recently we received a response directly from the office of Assistant Attorney General Thomas Perez (of Black Panther scandal fame). It was short and sweet:
The Federal Bureau of Investigation conducted an investigation into the matter referenced in your letter. We and the United States Attorney’s Office for the Central District of California reviewed the results of that investigation and concluded that this incident does not constitute a prosecutable violation of the federal criminal civil rights statutes. Accordingly we cannot authorize a criminal prosecution of this matter.
That’s it. No further explanation. No review of the evidence “reviewed” by the DOJ. Not even a concession that the treatment of Mr. Hayes was reprehensible and wrong. Just a flat out rejection and a lame reference to the DOJ’s general commitment to “combating violations of federal law that are motivated by racial or ethnic bias.”
So here we have another in a long line of examples of corruption at the Obama DOJ concerning the enforcement of civil rights laws. Apparently the enforcement of civil rights at the DOJ no longer has anything to do with violations of the law. It’s all about racial preferences and partisan politics.
Put another way, had Ted Hayes been a left-wing activist testifying on behalf of illegal alien tuition and attacked by white “conservatives,” Perez would have sprung into action. Trust me on that.
How do I know? Just look at the record!
First, consider the Black Panther scandal discussed in the first Weekly Update story. The DOJ dismissed it’s own voter intimidation lawsuit filed against members of Black Panthers, who hurled racial epithets and threatened white voters at a polling station in 2008. The Obama adminstration said no political appointees were involved in this decision. In fact, Perez himself testified to this effect. This testimony was false. JW uncovered evidence that indeed political appointees at the highest levels inside the Obama DOJ were involved. And why is this important?
According to The Washington Post, “[DOJ attorney J. Christian] Adams and a Justice Department colleague have said the [Black Panther] case was dismissed because the department is reluctant to pursue cases against minorities accused of violating the voting rights of whites.”
Describing the environment over at the Obama DOJ, Christopher Coates, a DOJ attorney, testified before the U.S. Commission on Civil Rights that there exists at the DOJ “…a deep-seated opposition to the equal enforcement of the Voting Rights Act against racial minorities and for the protection of whites who have been discriminated against.”
So, we know that the DOJ is involved in the race-based selective enforcement of civil rights laws. (Our friends (and client) over at Pajamas Media have also exposed the radical leftists being planted in the career ranks at DOJ, which further explains why a conservative seeking protection can get no justice at Justice.)
Now, Mr. Hayes is black. But he’s not in left-wing lock-step with the Obama administration on the issue of illegal alien tuition. And his attackers just happen to be part of a key voter block for the Obama 2012 re-election campign. So Mr. Hayes evidently is not entitled to any protection under law.
Remember, too, the immigration issue addressed by Mr. Hayes in the testimony that led to threats on his life. The Obama DOJ has taken a “La Raza” approach to the issue, allowing illegal alien sanctuary cities to thrive, while attacking states that want to crack down on illegal aliens. The Obama administration has also begun dismissing deportation cases against a wide range of illegal aliens, including those convicted of violent crimes.
Mr. Hayes is on the opposite side of the fence of Obama on these issues. And it is his politics that seem to define how the DOJ responded to his case. Which is just shameless and unlawful. This is yet another scandal in the Obama/Holder DOJ that ought to result in a new attorney general.
III. Appeals Court Rules Fannie/Freddie Docs Can be Kept Secret by Obama Administration:
So far the U.S. government has bailed out Fannie Mae and Freddie Mac to the tune of at least $130 billion, and perhapsas much as $1 trillion. And yet, the Obama adminsitration continues to stonewall the release of documents that could shed light on why Fannie and Freddie failed, thereby sending the economy into a tailspin from which we have yet to recover. (Those records are housed at the Federal Housing Finance Agency (FHFA) now that Fannie and Freddie are owned and operated by the federal government.)
Judicial Watch is especially interested in documents related to the political contributions of Fannie and Freddie. And we’ve gone to court to get our hands on them. Unfortunately, our efforts sustained another setback when an appellate court sided with the government and ruled that Fannie and Freddie’s records are not subject to Freedom of Information Act (FOIA) law and may continue to be kept secret:
The Federal Housing Finance Agency (FHFA) has been the conservator of Fannie Mae and Freddie Mac since 2008. Judicial Watch filed a request under the Freedom of Information Act (FOIA) asking the FHFA to disclose records of Fannie and Freddie that show how much money they gave to political campaigns. But it is uncontested that no one at the FHFA has ever read or relied upon any such documents. The district court held that the documents are not agency records subject to FOIA, and we agree.
So, in other words, because no one at the FHFA, the agency in charge of Fannie Mae and Freddie Mac, has “read or relied upon” the documents, they are not considered agency records under FOIA, and cannot be released. (Here’s an idea. Maybe someone at FHFA should read the documents so someone in the government might have a clue as to why these two institutions failed so miserably.)
We obviously, strenuously disagree with that Alice-in-Wonderland logic, as explained in our appellate brief: “In every meaningful way, the FHFA is lawfully in control of these records. There is nothing contingent, hypothetical, indefinite, or limiting about this plain statutory language vesting the FHFA with both legal custody and lawful control over the records.” Our lawyers are considering what the next step should be in this important legal battle.
But even though the record is incomplete with regard to Fannie and Freddie, we do know of one major factor in their demise: the corrupt relationship between the two mortgage giants and their congressional conspirators, who looked the other way while Fannie and Freddie continued their reckless lending policies. That’s why we’re after these records.
Members of Congress received more than $4.8 million in political contributions from Fannie Mae and Freddie Mac over a ten-year period.
According to OpenSecrets.org from 1998 through 2008, the top ten recipients of Fannie Mae and Freddie Mac’s political largesse are as follows: Senator Dodd (D-CT), then-Senator Obama (D-IL), Senator Kerry (D-MA), Senator Bennett (R-UT), Rep. Bachus (R-AL), Rep. Blunt (R-MO), Rep. Kanjorski (D-PA), Senator Bond (R-MO), Senator Shelby (R-AL), Senator Reed (D-RI). Senator Dodd, the top recipient of Fannie Mae and Freddie Mac campaign contributions, is Chairman of the Senate Banking Committee responsible for regulating the mortgage industry. Notably, President Obama was a top recipient of campaign monies despite being in the Senate for only three years.
Still, this is just the tip of the iceberg. The documents currently being withheld by FHFA likely contain a treasure trove of information related to the inner workings of these two government-controlled agencies. That’s why Judicial Watch is fighting so aggressively to get hold of them.
But just because the Obama administration thinks the details of the collapse of Fannie and Freddie are none of your business, that doesn’t mean they’re going to stop taking your money.
According to The Washington Post:
Freddie Mac, the mortgage finance house, said Monday that it will ask for an additional $1.5 billion of taxpayer money to make up for losses stemming from weak housing markets.
The request falls on the heels of an announcement last week by Freddie Mac’s sister organization, Fannie Mae, that it will need $5.1 billion to make up its shortfall. The two coincide with Standard & Poor’s downgrade of the U.S. government’s credit rating from AAA status to AA+, which has the potential to affect the institutions’ lending and collecting abilities.
(The Associated Press is also reporting that in an act of abject desperation the Obama administration plans to be the world’s largest landlord: “The Obama administration may turn thousands of government-owned foreclosures into rental properties to help boost falling home prices. The Federal Housing Finance Agency said Wednesday it is seeking input from investors on how to rent homes owned by government-controlled mortgage companies Fannie Mae and Freddie Mac and the Federal Housing Administration.”)
The story of Fannie Mae and Freddie Mac is the story of the entire bailout scheme. The government continues to “invest” trillions of taxpayer dollars to prop up failing private institutions with no end in sight. And the Obama administration continues to stonewall and obfuscate even as it asserts government control of 90% of the housing market.
I don’t know about you but it seems that we’re in the same sorry spot three years after the bailouts/government takeovers that “rescued” our economy. Our credit has been downgraded, the stock market is on a rollercoaster, our government continues its gangster ways in attempting to run the private sector, the government-controlled housing market continues to be a mess, and our banks stand on a precipice. Unless our nation reckons with the government corruption behind the ongoing financial crisis, I suspect our economy (and our republic) will continue to flounder.
That is why Judicial Watch has been in tireless pursuit of these records, and indeed any records, related to Fannie and Freddie and the bailouts. If you want to read more about our bailout investigations and lawsuits, please click here.
Let me close with a note of praise to our investigative and legal teams. The legal and administrative shennanigans we face from this Obama administration (and, frankly, any administration) require patient, persistent, and smart litigators and investigators who are not put off by Big Government games and intensive court iitigation. And, of course, I am grateful for your support of Judicial Watch that provides our team with the resources necessary for our “David versus Golaith” battles with government lawyers and their well-funded allies on the Left.
Until next week…”
Note: My following blog posts contain numerous articles and/or blog posts and videos that relate to this disturbing issue-You Decide:
President and DOJ have contributed to the racial mess in our country!
Washington Times Calls for Obama’s Impeachment!
http://weroinnm.wordpress.com/2010/08/31/washington-times-calls-for-obama’s-impeachment/
Is it important to understand the Marxist assault on the foundations of our system?
Note: If you have a problem viewing any of the listed blog posts please copy web site and paste it on your browser. Be aware that some of the articles and/or blog posts or videos listed within the contents of the above blog post(s) may have been removed by this administration because they may have considered them to be too controversial. Sure seems like any subject matter that may shed some negative light on this administration is being censored-What happened to free speech?-You Decide.
“Food For Thought”
God Bless the U.S.A.!
https://www.youtube.com/watch?v=Q65KZIqay4E&feature=related
Semper Fi!
Jake
What’s so right about this picture?
Posted on Floyd Reports-By Ben Johnson-On August 12, 2011:
“The pages of The Washington Times today reflect the nation’s disenchantment with Barack Obama’s presidency. The op-ed section contains an article by Jeffrey T. Kuhner, president of the Edmund Burke Institute for American Renewal, entitled, “Don’t Go on Vacation — Just GO.”
Last September, Kuhner called for Obama’s impeachment. This year, he’s taken a new tack: Telling Obama to quit:
“Mr. Obama is the most arrogant, self-absorbed and self-obsessed president in U.S. history. Nothing is ever his fault. He blames everyone and everything for America’s economic woes – Tea Partyers, Wall Street, Japanese earthquakes, insurance executives, oil companies, millionaires and corporate jet owners. He lashes out at imaginary enemies without ever taking personal responsibility. In his mind, he is – and always will be – the Anointed One.
There is only one solution: Drive him from office. Americans should forge a mass grassroots movement demanding that Mr. Obama step down – immediately. Through bumper stickers, picket signs, posters, T-shirts and rallies, tens of millions of citizens should express the same message: Leave. It is highly unlikely he will step aside, but such a movement would cripple the president’s authority and possibly blunt him from doing further harm. It also would puncture his boundless ego. A widespread manifestation of no confidence would break him – politically, morally and psychologically – in order to save America. Mr. Obama is out of his depth. He lacks the character, intelligence, skills and experience – the basic competence – to be the leader of the free world.
Resign, Mr. President.”
Of course, Obama resigning is as likely to occur as Bill Clinton entering a monastery; they both love the thrill they get from their self-indulgent pursuits too much to forsake them for their own good, much less the nation’s. However, there is some value in his analysis.
A growing number of Democrats are sick of Obama, too. Contrary to what some people believe, political parties are not primarily dedicated to promoting ideals or ideologies. They are dedicated to power: getting it, exercising it, keeping it, and denying it to their enemies. Democrats understand this better than Republicans, in part because Democrats are the statist party, in part because Republicans believe in the transcendent values the Left denies. Democrats are happy Obama is president; they generally agree with him even when they are afraid to say so; and they hope he will be re-elected in 2012. But they saw the monumental butt-thumping the American people gave them in 2010, and they aren’t willing to go down with the ship. Several are asking whether they should have supported Hillary Clinton in 2008 (which may be ironic, since she probably won the nomination anyway). This author noted last year, many Democratsdesperately want to escape the ObamAlbatross that Barack will present in 2012. There is increasing talk — although precious little more — about a primary challenge in 2012. Ralph Nader attempted to recruit half-a-dozen candidates to Obama’s left. So far, only former Alaska Senator Mike Gravel has stepped forward, holding a primary fight ransom in exchange for $1 million in campaign contributions.
Secondly, Kuhner understands the only way to effect Obama’s ouster is through a mass movement. If theRepublicans are too craven to impeach a president who flagrantly violates the Constitution by waging an unconstitutional war, it will take a massive amount of pressure for them to take any action against him. If last night’s debate is any indication, several candidates would have a hard time waging an effective campaign when the presidency is on the line.
The American people need to echo Congressman Michael Burgess: Impeachment “needs to happen.” In this constitutional republic, politicians serve at the consent of the governed. We must turn in our notice that we have withdrawn our consent. Obama has done too much damage, broken too many laws, too fundamentally “transformed” our nation, and we want him out. He can resign, be impeached, or — if America can endure it — be voted out in a year. But we want him out of the White House by any legal means possible, as quickly as possible. Like his bitter, cranky, illegal alien aunt, we want him out of public housing and out supporting himself through gainful employment for once.
Kuhner’s column had one additional benefit. It reminds me of this:
https://www.youtube.com/watch?v=RI4SzEb5tog&feature=player_embedded
Source:
http://floydreports.com/washington-times-columnist-to-obama-resign/
Note: The following article and/or blog post and video relate to this disturbing issue-You Decide:
I. A Congressman Confirms GOP is Talking Impeachment!-Posted on Floyd Report-By Ben Johnson-On July 9, 2011:
http://floydreports.com/a-congressman-confirms-gop-is-talking-impeachment-video/
II. Video: Why This President Is So Dangerous'!-Posted on ExposeObama.com-On July 9, 2011:
Note: My following blog posts contain numerous articles and/or blog posts and videos that relate to this disturbing issue-You Decide:
Washington Times Calls for Obama’s Impeachment!
http://weroinnm.wordpress.com/2010/08/31/washington-times-calls-for-obama’s-impeachment/
Is it important to understand the Marxist assault on the foundations of our system?
Note: If you have a problem viewing any of the listed blog posts please copy web site and paste it on your browser. Be aware that some of the articles and/or blog posts or videos listed within the contents of the above blog post(s) may have been removed by this administration because they may have considered them to be too controversial. Sure seems like any subject matter that may shed some negative light on this administration is being censored-What happened to free speech?-You Decide.
“Food For Thought”
God Bless the U.S.A.!
https://www.youtube.com/watch?v=Q65KZIqay4E&feature=related
Semper Fi!
Jake
A real hero God bless him.
SHIFTY DIED JAN 17, 2011..........rest in peace.
"Shifty" By Chuck Yeager
Shifty volunteered for the airborne in WWII and served with Easy Company of the 506th Parachute Infantry Regiment, part of the 101st Airborne Infantry. If you've seen Band of Brothers on HBO or the History Channel, you know Shifty. His character appears in all 10 Episodes, and Shifty himself is interviewed in several of them.
I met Shifty in the Philadelphia airport several years ago. I didn't know who he was at the time. I just saw an elderly gentleman having Trouble reading his ticket. I offered to help, assured him that he was at the right gate, and noticed the "Screaming Eagle," the symbol of The 101st Airborne, on his hat.
Making conversation, I asked him if he d been in the 101st Airborne Or if his son was serving. He said quietly that he had been in the 101st. I thanked him for his service, then asked him when he served, and how many jumps he made. Quietly and humbly, he said "Well, I guess I signed up in 1941 or so, and was in until sometime in 1945 ... " at which point my heart skipped.
At that point, again, very humbly, he said "I made the 5 training Jumps at Toccoa, and then jumped into Normandy .. Do you know where Normandy is?" At this point my heart stopped. I told him "Yes, I know exactly where Normandy is, and I know what D-Day was."
At that point he said "I also made a second jump into Holland , into Arnhem ..."
I was standing with a genuine war hero ...... And then I realized that it was June, just after the anniversary of D-Day. I asked Shifty if he was on his way back from France , and he said "Yes... And it ' s real sad because, these days, so few of the guys are left, and those that are, lots of them can't make the trip." My heart was in my throat and I didn't know what to say.
I helped Shifty get onto the plane and then realized he was back in Coach while I was in First Class. I sent the flight attendant back to get him and said that I wanted to switch seats. When Shifty came forward, I got up out of the seat and told him I wanted him to have it, that I'd take his in coach.
He said "No, son, you enjoy that seat. Just knowing that there are still some who remember what we did and who still care is enough to make an old man very happy." His eyes were filling up as he said it. And mine are brimming up now as I write this.
Shifty died on Jan. 17 after fighting cancer.
There was no parade.
No big event in Staples Center ....
No wall to wall back to back 24x7 news coverage.
No weeping fans on television.
And that's not right!!
Let's give Shifty his own Memorial Service, online, in our own quiet way.
Rest in peace, Shifty.
Chuck Yeager, Maj Gen. [ret.]
P.S. I think that it is amazing how the "media" chooses our "heroes" these days... Michael Jackson & the like!
Please do me a favor and pass this on so that untold thousands can read it.....
We owe no less to our REAL HEROES......
History Lesson on Your Social Security Card
Dick Kantenberger
Gifted Education Writer
Examiner.com
History Lesson on Your Social Security Card
Just in case some of you young whippersnappers (& some older ones) didn't know this.
It's easy to check out, if you don't believe it. Be sure and show it to your family
and friends. They need a little history lesson on what's what and it doesn't matter
whether you are Democrat or Republican. Facts are Facts.
Social Security Cards up until the 1980s expressly stated the number and
card were not to be used for identification purposes. Since nearly everyone in the
United States now has a number, it became convenient to use it anyway and the
message, NOT FOR IDENTIFICATION, was removed.
An old Social Security card with the "NOT FOR IDENTIFICATION" message.
Franklin Roosevelt, a Democrat, introduced the Social
Security (FICA) Program. He promised:
1.) That participation in the Program would be
Completely voluntary,
No longer Voluntary
2.) That the participants would only have to pay
1% of the first $1,400 of their annual
Incomes into the Program,
Now 7.65%
on the first $90,000
3.) That the money the participants elected to put into the Program would be deductible from
their income for tax purposes each year,
No longer tax deductible
4.) That the money the participants put in would go into the independent 'Trust Fund' rather than into the general operating fund, and therefore, would only be used to fund the Social Security Retirement Program, and no other
Government program,
Under Johnson the money was moved to
The General Fund and spent
5.) That the annuity payments to the retirees would never be taxed as income.
Under Clinton & Gore up to 85% of your Social Security can be taxed
Since many of us have paid into FICA for years and are now receiving a Social Security check every month -- and then finding that we are getting taxed on 85% of the money we paid to the Federal government to 'put away' -- you may be interested in the following:
------------ --------- --------- --------- --------- --------- ----
Q: Which Political Party took Social Security from the independent 'Trust Fund' and put it into the general fund so that Congress could spend it?
A: It was Lyndon Johnson and the democratically controlled House and Senate.
Q: Which Political Party eliminated the income tax deduction for Social Security (FICA) withholding?
A: The Democratic Party.
Q: Which Political Party started taxing Social
Security annuities?
A: The Democratic Party, with Al Gore casting the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the US .
Q: Which Political Party decided to start
giving annuity payments to immigrants?
AND MY FAVORITE:
A: That's right!
Jimmy Carter and the Democratic Party.
Immigrants moved into this country, and at age 65, began to receive Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it!
Then, after violating the original contract (FICA), the Democrats turn around and tell you that the Republicans want to take your Social Security away!
And the worst part about it is uninformed citizens believe it!
If enough people receive this, maybe a seed of
awareness will be planted and maybe changes will evolve. But it's worth a try.
Actions speak louder than bumper stickers.
Are you really ready to End Tyranny? This is the best plan to date and begins the process of restoring the Constitution. Historically, Alexander Hamilton had envisioned such a plan, but 21st Century Technology makes it a reality. It is a must read.
Tea Party Plan to End the Debt Crisis
The Tea Party unveils The True Tax, www.thetruetax.com, providing solutions to End the Debt Crisis once and forever. In the spirit of the Tea Party, the True Tax replaces the antiquated graduated Personal income Tax System with one that would make America's Founding Fathers proud. Everyone is treated equally and the burden of taxation is reduced and simplified. It is the first time in history that a Tax System places power in the hands of the people, not government. It mandates accountability; an efficient government; eliminates the National Debt; provides for Unfunded Requirements; ensures legitimate programs remain properly funded; and returns over-taxation and the nation's wealth back to the people, equally!
Hear the message from patriots throughout history:
“Government, the people said, is not our master it is our servant. Its only power that which we the people allow it to have.” – Ronald Reagan
“I believe there are more instance of the abridgement of the freedom of the people by gradual and silent encroachment of those in power than by violent and sudden usurpations.” – James Madison
“We the people developed government to preserve Freedom as an instrument wielding truth and justice. Therefore, We the People must be leery of despots or special interest that would wield these instruments for tyranny and oppression.” – Tea Party
“…that the creation of debt should always be accompanied with the means of extinguishment.” – Alexander Hamilton
“No generation has a right to bind the succeeding generation with vast public debts.” - Thomas Jefferson
“The wealth of a nation belongs to all the people not to its government.” – Tea Party
The True Tax will Restore America by:
- Streamline/downsize Government
- Eliminate the Debt
- Eliminate the Personal Income Tax
- Create Jobs and Restore Americans
The US is on a path to total destruction. Debt never produces wealth just the other way around. Poverty is the result of debt. In America for a number of years the ruling parties have exported the wealth of this nation via debt to other nations. Simple said the way you grow a nation is to get a influx of ventrue funds. America is exporting it wealth. That begain in the late 80s with corperations. The problems in American came as a result of Wal-Street buying influence and deregulation the Banking industry that lead to massive fraud across the nation. So what must be done to bring America back to being a productive and weathly nation.
Step ONE: We have to provide a path for US citizens to buy US Debt. This stops the wealth of the Nation from being exported. Allows the interest to remain in America. As the US government currently makes no interest on the Debt it is selling to other nations. The people buying US debt shall not bay any interest. I subjest creating a EEE bond that is sold at the Post office which is a face value demand bond. These bonds would in fact carry the same interest rate as US debt issues to overseas investors. Execpt that the interest is not payed in full to the people buying them. The interest is payed in the following way. 10 percent of the interest is directly paided into Social Security. The other 90 percent is retained by the owner and is paid at the time of redeemption.
Step Two: require that with every purchase of any stock that 5 percent must be invested into debt retirement bonds. The debt bonds are a required purchase for all forms of transactions in any stock market. The debt investment is must be held for a certian period. These pay a interest rate that is the same as those paid to overseas owners. The execption is that overseas owners can't collect interest. There interest is retained in the bond pool and when redeemed the interest is simple applied to the debt. A US citizen can retain the interest. No Business party or corperations may retain the interest. The bond issue will pay US debt and there will be the 10 percent to the Social Security fund and 90 percent to the buyer.
Step Three: Set up a bond EEE commission to manager the funds received. Allow the fund managers to invest the EEE funds for greater gains as backed loan insterments. The purpose is to creat a leanding pool that may make more money then just simple paying off the debt. Example company A offers to pay 3 points over the interest rate we are paying a overseas nation. If that creats jobs in America and also brings in a the same debt reduction. It is a wise investment. But it must produce Jobs in America. This commission can't not be approached in person and the government can't direct there activities period. They are a paid a flat fee and report to the GAO. There are retired bussiness professionals. And are appointed by congress, with the presidents approval.
Step Four: Require that all retirement funds and insterments in the US maintains a 5 percent holdings in dept EEE bonds.
Step Five: Provide a path for the owners of EEE bonds to deposit there Bond interest into there Social Security account to increase the owners benefit amount. Also creat a path were people can invest in there account even if it is not interest.
Step Six: Creat a new universial retirement account for the US public. Allow all people to elect to put a share of there money into the account. Require all bussiness to make the system election available to there employees and allow the employer to be able to also invest into his account. These accounts for a period of 6 years would be used to retire debt 25 percent. But draw interest. And the 75 percent plus interest is used to buy hard liquid assets.
Gold, Silver ect. This is not a mandatory system. But if you elect to join the system You get a 1 percent tax break for ever 5 percent of you income you put into the system.
Step 6: Creat a whiplash system to punish any bussiness corperation that does not pay a mininum of 25 percent of earning on all gained income. Also creat a system to punish corperation of dumping work injuried employees on the SSI and SSD program and make them fund the medical and compensation for life.
Step 7: Creat a 50 States Workmans comp program. Do not allow a single employer to be self insuried. Do not allow a single employer to even manage s care of the employee. Creat a Workmans comp insurance pool that is managed by the US Government and require the medical doctors to provide care as a requirement ot be allowed to practice in the US. They would get limited pay. The employers would pay not Just into from a fund. They pay directly and also receive fines determined by the number of people whom are hurt and also the record of not correcting work place problems that cause the problems. The current system allows employers to maintain a dangerious work place while making others pay for there lack of ethics. The insuance Fund would be used to compensate the injured worker. Government appointed Lawyers would repersent the injuried worker. This system would be used for all employees in the country ALL.
Step 8: Change the income tax system to a dual tax system. A flat tax for Citizens. You know real people with teeth and skin. A pay as you purchase system. To reduce the IRS. And a secondary system to tax bussiness. Appoint IRS agents at large corperation to run a continious check on there reporting. Also appoint special IRS agents the do special research into fraud systems of companies. No taxes and the debt wil go up.
Step 9: Cut the dead weight in state and federal governments and limit grow in the Federal And state government by a percentage of the GDP yearly.
Step 10: Do away with all federal retirements programs. I mean All. You can't pay people more then the rest of the nation and given them more benefits then everyone else and retain wealth as a nation. The math just makes it impossible. Also no retirement for members of either house and no cost of living increases for federal elected appointed or employeed employee. Cost of living increases allow the government to grow in unchecked ways. That is what has driven up much of the debt. As the Fat Government is depanding more and more. They are doing less and less. Simple becasue they Can.
So i have given you the answers to getting this nation back on track. What are you going to do now? Sorry for speeling mistakes, never was good at speeling. But I can think.
It was on May 1 that President Obama stood before microphones and television cameras at the White House to announce the assassination of Osama bin Laden, former CEO of Terrorism, Inc. and leader of the Al-Quaeda wing of the Religion of Peace.
Obama’s announcement set off a spontaneous round of thundering jingoism and celebration from coast-to-coast, including on college campuses where young college students rallied and chanted, “We’re Number 1!, We’re Number 1!” expressions of pride normally reserved for really important matters like an important basketball or football victory over a bitter rival.
The next morning, America was still celebrating wildly. So much so that Joy Behar and Barbara Walters of the View proposed that the 2012 elections should be cancelled because of Obama’s newly earned stature as America’s Killer Dude-In-Chief.
By giving orders which caused Navy SEALS to splatter the personage of bin Laden directly to Allah in about 100 bloody pieces, the Barack Obama presidency was instantly rescued from the dustbin of failure and consigned to the “can’t miss for re-election” category.
Behar and Walters could barely contain their glee as they contemplated Act 2 of the worst presidency in history:
“View co-hosts Joy Behar and Barbara Walters on Monday immediately politicized the killing of terrorist mastermind Osama bin Laden. After giving credit to Barack Obama for the successful strike, supposedly straight journalist Walters giddily announced, “I would hate now to be a Republican candidate thinking of running.”***
Fast forward just 90 days or so and you have a weakened President who, by “leading from behind,” has driven America to the brink of default and, having failed to accomplish that nasty deed, still managed to preside over the first credit downgrade in U.S. history.
Now instead of basking in the glory of a stunning military coup over an unarmed wimp in hiding, Obama has been reduced to watching the stock market collapse on national TV while he blames Republicans and Standards and Poor’s for the awful financial mess inherited from George W. Bush.
Sorry, Joy and Barbara, but as things stand today, canceling the remaining 14 months of Obama’s presidency seems the most prudent course for America, given the fact that 73% of the public believe that the nation is headed in the wrong direction!
***Read more.
For those of us who fought against the Boehner Bill, and who stood ridicule in the face, it has been a bitter-sweet "told-ya-so". We can't claim victory, because the battle will continue as long as there are greedy, power-hungry people looking to fundamentally transform the United States of America.
They just don't have the backbone to take the steps we need to take to get to where we want to be. http://bit.ly/r5yV8G
Sally Mae ‘Next Economic Flashpoint
Aiming toward Disaster,’ Warns Moody’s
How dare these credit-rating agencies continue giving Barack Obama all this heat? Last week Standard & Poors lowered the Federal Government’s rating on bonds and U.S. paper from Aaa+ to an unheard of low Aa+ and also downgraded the government-owned mortgage giants Fanny Mae or Freddy Mac in the same fashion. And now the credit-raters at Moody’s are telling BO that the national student loan program (which Barack took away from the free markets and gave over entirely to the government roughly thirteen months ago) a.k.a. “Sally Mae” has within it the makings of the economic surprise-disaster of the year.
It works like this: just as the government decided 34 years ago that everybody must own their own home (by FORCING mortgage loan companies to make poor loans to unqualified buyers with the Community Reinvestment Act of 1977 a.k.a. CRA ‘77) and took the percentage of “suspect home loans” in the nation from 0.24% in 1975 to 34.2% by 2005 . . . the Obama administration has likewise decided to extend the idea of college loans to virtually every young person in the country. And just as the sub-prime lending crisis that sunk our economy from 2005 to 2008 was predictable from the very day President Jimmy Carter signed CRA ’77 into law . . . this Obama-formatted Sally Mae boondoggle, too, has a very predictable ending akin to a banana peel being dropped under your moving feet.
The obvious result of Sally Mae’s creation will be seen when all these new college grads will have ZERO jobs awaiting them when they leave school . . . with no jobs, they’ll have no noteworthy income other than food stamps (which Obama has recently authorized for college students as you probably know) . . . with only food stamps as “income” these students will not be able to repay their student loans e-v-e-r . . . and the effect of all those student loan defaults will, Moody’s appraisal of the situation warns, very likely mean that the present S&P Aa+ rating will degenerate into a much, much lowered rating by S&P, Moody’s, Fitch’s and other credit-rating agencies. The size of the now expanded student loan program will ensure that America’s debt to GDP ratio rises from its present 110% (following recent authorization to expand the debt-ceiling to $17 TRillion) to a Greece-like 128%.
Meanwhile Europe is burning courtesy of the riots in England; and the economic collapses of Spain, Portugal, Italy, Greece, Ireland, Hungary; and now perhaps Belgium and France as well . . . all the while the U.S. economy seems to be more and more rivaling these pathetically-poor (p-poor?) European role models. Just as an old folk song asked us Where Have All the Flowers Gone? and then led listeners upon a tragic house-that-Jack-built type story that wound up with all the military graveyards bursting into bloom . . . the Sally Mae program is a program created by blooming idiots holding the seeds of future economic disaster.
In response to the revelations by Moody, the Obama spin doctors and the Obama puppet master George Soros via his CREW people have been going wild trying to cover the President’s golf-playing tush. CREW, of course, is the much-quoted supposedly neutral (Citizens for Responsibility and Ethics in Washington) research group. Funded by Soros, (figures NOT included within the main $48 million in media funding that Soros has sponsored this year) CREW has never run a positive story on Sarah Palin and never run a negative story on Barack Obama and runs highly negative stories on Conservative issues eight times for every single mildly negative story on liberal matters . . . according to CREW, of course, the newly Obama-formatted Sally Mae is the greatest thing to happen to young people since condoms. Condoms with holes in them . . . more likely . . . .
As another gross and needless debacle looms, friends, can’t you just see young Barack holding the axe in his hand above the fallen economic oak known as the free market, “No, Father, not me -- the Tea Party, did it!”
Ya’all live long, strong and ornery,
Rajjpuut
