ARHYTHMATIK

The recession will never end.  Watching This Week with George Stephanopolous the other day, there was a panel of economists, political analysts, etc. (one of them was George Will).  They were discussing the economy and what the future holds.  Essentially, they all agreed the ONLY way for the American economy to get back to the way it has been the past 10-15 years, is for Americans to spend.  70% of the American economy is based on spending.  Glenn Beck has also discussed this statistic.  The problem is that 1 out of 10 Americans is now unemployed.  Spending is not an option for them.  For the other 9 out of 10 Americans with jobs, spending is how we got into this mess in the first place.  Buying houses with adjustable ARM rates we couldn’t afford when the ARM rates went up, buying houses for investments that never panned out and having to foreclose on them.  Spending is NOT in the best interest of the American citizen now.  So there is a paradox we have on our hands.

Here is what I predict will happen.  The unemployment rate will NEVER go back to the low 4% range as it has been during the Bush years.  It will ALWAYS remain at about 10% (it is just below 9% now.)  This will become extremely frustrating for Americans who have become accustomed to having no problems finding a job.  People with college degrees and plenty of experience will not be able to find work.  This will result in extreme frustration with the government and we will see strikes and riots on a more regular basis, (as there is in many European countries, such as France and more recently Greece for these exact reasons.)  Unfortunately, the current administration in the white house feels that more government is how we solve these problems.  This is an extreme falsehood that has been proven not to work many, many times over the course of human history.  The only thing that can help America, and the world, climb out of this recession is going back to the basic principles outlined by our forefathers in the U.S. Constitution.  In order to do that, we must elect sound, honest men and women to government offices.  In order to do that, we must LEARN and become EDUCATED on the Constitution and the teachings of our forefathers.  That is the answer.  When we become aware of the principles this country was founded upon, we, the people ,will solve these economic problems.  Not more government programs.

Some of my favorite videos as of late.  Watch and get schooled kids! The first one is utterly amazing.

Want to see the result of the decisions made by people like Barney Franks, Chris Dodd, and Nancy Pelosi?  Click here to see a photo collage of THE GREAT RECESSION.  

 Lawmaker Accused of Fannie Mae Conflict of Interest

WASHINGTON — Unqualified home buyers were not the only ones who benefitted from Massachusetts Rep. Barney Frank’s efforts to deregulate Fannie Mae throughout the 1990s.So did Frank’s partner, a Fannie Mae executive at the forefront of the agency’s push to relax lending restrictions.Now that Fannie Mae is at the epicenter of a financial meltdown that threatens the U.S. economy, some are raising new questions about Frank’s relationship with Herb Moses, who was Fannie’s assistant director for product initiatives. Moses worked at the government-sponsored enterprise from 1991 to 1998, while Frank was on the House Banking Committee, which had jurisdiction over Fannie.Both Frank and Moses assured the Wall Street Journal in 1992 that they took pains to avoid any conflicts of interest. Critics, however, remain skeptical.“It’s absolutely a conflict,” said Dan Gainor, vice president of the Business & Media Institute. “He was voting on Fannie Mae at a time when he was involved with a Fannie Mae executive. How is that not germane?“If this had been his ex-wife and he was Republican, I would bet every penny I have – or at least what’s not in the stock market – that this would be considered germane,” added Gainor, a T. Boone Pickens Fellow. “But everybody wants to avoid it because he’s gay. It’s the quintessential double standard.”A top GOP House aide agreed.“C’mon, he writes housing and banking laws and his boyfriend is a top exec at a firm that stands to gain from those laws?” the aide told FOX News. “No media ever takes note? Imagine what would happen if Frank’s political affiliation was R instead of D? Imagine what the media would say if [GOP former] Chairman [Mike] Oxley’s wife or [GOP presidential nominee John] McCain’s wife was a top exec at Fannie for a decade while they wrote the nation’s housing and banking laws.”Frank’s office did not immediately respond to requests for comment.Frank met Moses in 1987, the same year he became the first openly gay member of Congress.“I am the only member of the congressional gay spouse caucus,” Moses wrote in the Washington Post in 1991. “On Capitol Hill, Barney always introduces me as his lover.”The two lived together in a Washington home until they broke up in 1998, a few months after Moses ended his seven-year tenure at Fannie Mae, where he was the assistant director of product initiatives. According to National Mortgage News, Moses “helped develop many of Fannie Mae’s affordable housing and home improvement lending programs.”Critics say such programs led to the mortgage meltdown that prompted last month’s government takeover of Fannie Mae and its financial cousin, Freddie Mac. The giant firms are blamed for spreading bad mortgages throughout the private financial sector.Although Frank now blames Republicans for the failure of Fannie and Freddie, he spent years blocking GOP lawmakers from imposing tougher regulations on the mortgage giants. In 1991, the year Moses was hired by Fannie, the Boston Globe reported that Frank pushed the agency to loosen regulations on mortgages for two- and three-family homes, even though they were defaulting at twice and five times the rate of single homes, respectively.Three years later, President Clinton’s Department of Housing and Urban Development tried to impose a new regulation on Fannie, but was thwarted by Frank. Clinton now blames such Democrats for planting the seeds of today’s economic crisis.“I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was president, to put some standards and tighten up a little on Fannie Mae and Freddie Mac,” Clinton said recently.

Bill Sammon is FOX News’ Washington Deputy Managing Editor. 

Who keeps voting for this guy?

Wow.  We got some real honest cats running this country.  When do people get to the point that they stop electing thieves to run their country?  I don’t think this cat survives the 2010 elections.  He’s done.

Essentially, he said he had nothing to do with the AIG executives getting bonuses with federal bailout money. That was a complete and utter lie. He actually WROTE IN THE CONTRACT that bonuses WOULD be allowed by AIG and other companies receiving federal bailout money. Hmmm… this is also the same Chris Dodd who was receiving a specialized low-rate home loan from Countrywide Mortgage.. the same Chris Dodd who is the head of the Senate Banking Committee.

Yep.  It’s true.  Glenn Beck breaks it all down in the video below.  Essentially, the US Government has bailed out AIG with billions and billions of dollars.  Well guess what?  AIG has given most of that money to foreign countries.  $62 billion to be exact.  And the money has not been given to poor, starving third world countries.  Nope.  AIG has given it to wealthy European nations.  England, Germany, France, Switzerland, etc.  I have nothing against these countries, but please.  Is MY job, and YOUR job, as an American taxpayer, to fund these country’s bailouts, when we haven’t even given an equal amount to our OWN country?  People are out of work and losing their jobs daily here in the US.  And here we have our government giving OUR money to other countries, more than to our own.  Please tell me I am missing something here!  This is PATHETIC!  Thank you Barney Franks for being such a smart and sexy man.

At least that’s what our good friend, Vladimir Putin the former head of the KGB, says.  Yes, that guy.  Vladimir Putin.  Former COMMUNIST says capitalism provides a better way of life for it’s citizens than any other form of government. What is wrong here?  A former Communist is lecturing the USA on how GOOD capitalism is!  Obama- are you listening?  Putin was speaking to YOU and the rest of the Americans who think Socialism is beneficial.  The road we’re going down now leads to nowhere! Read what Putin said here: Read the rest of this entry »

Hey kids!  Spending tons of money is ALOT of fun!  Especially when it’s a trillion dollars, it’s not yours, and you’re not worried about paying it back!  The title of this post a little harsh, because Bush started this whole bailout nonsense.  So all sarcasm and exaggerations aside, here is a pretty funny cartoon I came across today. 

Here is another INSANE depiction of what $1 trillion dollars looks like.  I got this from this website: http://www.pagetutor.com/trillion/index.html

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All this talk about “stimulus packages” and “bailouts”…

A billion dollars…

A hundred billion dollars…

Eight hundred billion dollars…

One TRILLION dollars…

What does that look like? I mean, these various numbers are tossed around like so many doggie treats, so I thought I’d take Google Sketchup out for a test drive and try to get a sense of what exactly a trillion dollarslooks like.

We’ll start with a $100 dollar bill. Currently the largest U.S. denomination in general circulation. Most everyone has seen them, slighty fewer have owned them. Guaranteed to make friends wherever they go.

A packet of one hundred $100 bills is less than 1/2″ thick and contains $10,000. Fits in your pocket easily and is more than enough for week or two of shamefully decadent fun.

Believe it or not, this next little pile is $1 million dollars (100 packets of $10,000). You could stuff that into a grocery bag and walk around with it.

While a measly $1 million looked a little unimpressive, $100 million is a little more respectable. It fits neatly on a standard pallet…

And $1 BILLION dollars… now we’re really getting somewhere…

Next we’ll look at ONE TRILLION dollars. This is that number we’ve been hearing about so much. What is a trillion dollars? Well, it’s a million million. It’s a thousand billion. It’s a one followed by 12 zeros.

You ready for this?

It’s pretty surprising.

Go ahead…

Scroll down…

Ladies and gentlemen… I give you $1 trillion dollars…

Can you still see the guy standing down there in the lower left corner? 

(AND NOTICE THOSE PALLETS ARE DOUBLE STACKED!)

So the next time you hear someone toss around the phrase “trillion dollars”… that’s what they’re talking about.

Yeah.  PATHETIC.  The single biggest piece of legislation altering the role of government in America, and not one single member of the House even read it.  Our government is no longer a democracy.  (more to come on that topic later).