Posts Tagged ‘w’

I’ll admit that I don’t know much about Sheila Blair (chair of the FDIC), but at least she is coming up with ideas that actually make economic sense! Paulson on the other hand has already spent 1/3 of the $700 billion dollars he charged on the National American Express, and believe me when I say that we aren’t going to see any benefit from that money and are likely not even going to get any of it back. Now, Paulson is talking about buying stock in banks, which is just the most ridiculous idea to ever come out of the building next to the White House. Granted, Paulson is going to be gone in January anyway, but his plans to spend the “bailout” funds like there’s no tomorrow really need to stop. W could certainly redeem himself a little by asking Paulson to resign or firing him if Paulson doesn’t resign.

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I’m honestly wondering what the hell is going on with our politicians! Perhaps we citizens of America are not sending enough letters and emails. Or maybe we think communism is a good thing. Since when did the federal government buying equity stakes into troubled industries become OK?

Sure, we’ll save a few thousand jobs in the immediate future and cripple the entire country for decades to come. I’m not going to be one of those people who talk about how “The End is Near“, but this communism stuff is really starting to boil my red-blooded American capitalist… well, blood. And if I hear one more person talk about this being socialism, I’ll exercise my Second Amendment rights on you!

Socialism and Communism are not the same thing. In fact, what our Congress and White House are practicing is the opposite of what most socialist believe. Most socialists would say things like, “Damn those billionaire running their banks, squeezing us little folks out of our money. We need a government handout. Where’s my bailout?” That’s not what Pelosi and company are saying.

They are saying, “Those poor defenseless billionaires running their banks and automobile companies are loosing so much money because those evil consumers are not consuming enough to keep them rolling along the way we want the world to work. Those poor businesses need a handout at the expense of the taxpayer.”

Meanwhile, the capitalist will say, “What a bunch of idiots! They pissed away our money and they want us to bail them out despite their antiquated technology and crappy service! We are compassionate, and will give you another chance. Here’s a tax break to go update your crap engines that haven’t improved our dependence on fossil fuels despite the fact we knew it was a problem 30+ years ago. And here’s a tax break for you idiot banks who keep your call centers in the United States instead of outsourcing it to India where we end up with crap service and no answers to any of our problems. If you ef up again, go lobby the communists Pelosi and George W. Bush. Otherwise, invest in a cardboard box.”

There’s a lot of crap that Biden has been getting for his comment about terrorists testing America if Obama is elected. Was he referring to the Cuban Missile Crisis? Or was he referring to the attacks of September 11?

Let’s put things in perspective here, my friends (as John McCain would say). Bush, a politician with next to zero experience, gets elected and America is attacked. Were they planning the attacks before Bush was elected? Hell if I know. Would they have attacked if Gore was in office? Who knows.

Having a noob President who also happens to be a cowboy in office certainly would give the terrorists an additional incentive to attack us. It has been well documented that the terrorists are interested in bankrupting America. This is precisely the direction that Cowboy Bush and Congress have been taking us.

However, I’m willing to bet that a McCain presidency is far more likely to result in a terrorist attack on America than an Obama presidency. Why? Because John McCain has shown that he is willing to fight a “war on terror” by invading another country that had nothing to do with the terrorist attacks of September 11. McCain is willing to turn America into a communist country (ala voting for the communist bailout of failing banks in America) and send our soldiers into harms way with misguided and fabricated military intelligence.

Just think about it for a minute. Where was his 30 years of experience when he was sounding the war on Iraq trumpet? Where was all his wisdom when he cast his votes in Congress that put us into the situation we are in now? A lot of good that experience did for us over the last 8 years, right?

Anyone else notice something funny about Bush reasoning:

1. Just months ago, talk about how the economy is strong.
2. Witness the largest bank collapses in the history of the country
3. Tell America we need a $700 billion bailout

If Bush was so incredibly wrong about the economy several months back, why would we take his economic advice and push through an urgent $700 billion bailout?

Especially when he has taken no action in his administration to correct the issues. Like, perhaps firing the head of the SEC as John McCain suggested.

One more thing that is really giving me a good chuckle is everyone pointing fingers at Slick Willy for lowering the requirements for obtaining mortgages. That was over eight years ago. It doesn’t take more than a year (in any state in our entire union) for a bank to foreclose on a home. In most cases, it will be less than 6 months. If these people were so unworthy of being home owners, why were they able to own their homes for the last 7.5+ years?

I’ll give you a hint: It had something to do with the economy and an outhouse. According to RealtyTrac, foreclosures were up 121% over the 2nd quarter of last year and foreclosures are nearly double what they were for the 1st quarter of 2006.

This is about people losing their jobs and their businesses, not being unfit for a mortgage. While there are certainly examples of people unfit for a mortgage getting a home, the massive increase in foreclosures is not because people were unfit. It is because of failed economic policies and failed foreign policy that have sucked trillions of dollars out of the US economy.

One more thing for the W cronies that point the fingers at Slick W. How the hell can you blame people who spend more than they are making? Look at your own administration and the massive deficit this administration has been operating our entire country. The pot is truly calling the kettle black my two-faced friend!

I’ll keep it really brief:
  1. Don’t compare John McCain to George W. Bush 
  2. Focus on your own ideas, not another Senator’s
  3. Stay true to your promise of not running politics as usual
  4. Win handedly, so you are officially running against John McCain and it would actually make sense for you to say something about John McCain

Free as a courtesy to democracy in America!

What would happen if everyone in America watches The Big Idea with Donny Deutsch on CNBC? First, there would be a run on the cable companies because you can only get CNBC on cable. Second, fellow blogger Tony Iovino would take his $600 check he’ll receive from the Federal government in May and actually cash it to invest it into a new invention (and he would start using the vastly superior WordPress blogging system). Third, the US economy would flourish.

Today, Bush signed his stimulus package, creating checks for millions of people in our economy. Lots of people love to complain about the symantics of the deal. Call it welfare. Call it a rebate. Call it what you want, it is our Federal government giving money to people that live in America.

Using some of the people I’ve seen on The Big Idea as an example, what those $600 checks have the potential to do is generate billions (yes, you read that correctly, BILLIONS) of dollars in revenue/income for Americans. How? Well, you should watch The Big Idea. The show has featured scores of people who have started their business for little more (sometimes even less) than $600. These people has created jobs, used resources that support other businesses, and made people a lot of money.

Sure, if everyone who receives a check goes a spends it on a toy at Walmart, it won’t do much for boosting the economy. However, let’s have a little fun with the math here. 130,000,000 Americans are going to receive a check. If even 0.1% of the people who receive checks become Donny Deutsch success stories, we are talking about generating $130,000,000,000 of revenue for the US economy over the next year! That’s correct, just one-tenth of one percent of the people who receive the checks need to become Donny Deutsch success stories for the checks to pay for themselves in just two year. One-tenth of one percent. That is about the same as a run-of-network banner advertisement on ValueClick!

Anyone who says the Bush stimulus package of a $600 tax rebate is not going to stimulate the US Economy hasn’t been watching The Big Idea with Donny Deutsch. I’ve seen more millionaires made from $600 or less on that show than I ever thought was possible. The moral of the story: Your wealth is what you make of it.

Every time I watch that show, I’m completely inspired. Regular people making it big because they had a dream that they pursued. My favorite episode was a few days ago. I can’t remember the guy’s name, but there was a venture capitalist on the show who said that the “side job” never becomes the next million dollar idea. Got me thinking about how many “side jobs” I’ve had over the years. None of them took off. Watching the show, I see nearly all of the stories have something in come: they quit their job went after the dream.

What dream is worth dreaming but not pursuing? Time to take the plunge. Grab that $600 tax rebate and do something with it!