Racefish’s Weblog


Bailout Blues
February 22, 2009, 3:41 pm
Filed under: Economy, Housing, Legislative Foolishness, Rants, Socialism

OK, I’ve been gone a while but it’s something that really gets my blood hot. Obama’s Mortgage Plan is another one of those “taxpayer financed” ways of extending the reach of the Federal Government into the daily lives of productive Americans.

Answer me this; Why does Comrade Obama think it is the duty of the productive taxpayer to pay part of the mortgage of people who #1, couldn’t afford the house in the first place, and #2, gt into a house that a wise¬† person would understand was far beyond their ability to pay for and maintain?

We have to go back to the Carter administration. This was the feel good bunch that was responsible for double digit inflation and the failed rescue attempt of the hostages in Iran. The first housing bill passed during that time was aimed at getting people who were desirous of owning a home in on the ground floor with an adjustable rate mortgage. That in itself is a noble endeavor for those who are young, professionally oriented, and stable.

The program was expanded slightly during the Reagan administration and really inflated with Clinton. The G. W. Bush administration called for greater oversight of Fannie May and Freddy Mac. Senator John McCain also called for greater regulation. The result was that the Democrats continued to say that these GSEs (Government Sponsored Enterprises) were sound and were in no trouble.

The real-estate companies and lenders took the word of Congress and were betting on the housing market continuing to grow. Organizations such as ACORN and others put pressure on lenders to provide money for houses that would be purchased with federal guarantees through the GSEs. The result was that people who were on the low side of the income ladder, and had never had any experience managing credit, were placed in the untenable position of paying a mortgage hopelessly out of their range.

The inevitable number of repossessions has caused the housing market to collapse. Many pundits would label this the bubble bursting, but looking seriously at the problem. the overbuilding and over-selling was much of the problem.

Now, we have an additional problem of the cost of fuel, namely gasoline and diesel, being artificially inflated. There are many causes for that, but the inevitable result was the population cutting back on travel, recreation, and the availability of non-discretionary funds that would have been used for new furniture, clothes, electronics, and more.

Now Obama comes out with a plan to alleviate the borrowers pain. His plan is for lenders to refinance loans in limbo, and have the lenders “pay” half of the refinancing to bring the rate down to a “reasonable” level. The “Government” namely the Taxpayer would pay the other half.

If you bought into the “Hope and Change” that Obama’s campaign sold so well, I can only say I hope you wake up and oppose his radical Socialist agenda, or you will only have Change left in your pocket.

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Down to the Wire
October 25, 2008, 5:26 pm
Filed under: Economy, Legislative Foolishness, Political Races

It’s the last two weeks and the “truth patrols” are out in force. The Republicans are being called liars and are trying to steal the election while the Democrats are relying on the confusion of voter registration fiascos in some states to allow dubious voters and ballots. Remember, this is the same party that gave us the GSE mess we’re paying for now.

President Bush warned in the first administration, that these GSEs were needing tighter regulation. John McCain echoed that sentiment in 2006. What has changed?

Adolph Hitler was very affective in his policy of “telling a lie oftedn enough and loud enough”. The Leftist/Liberal/Democrat/Socialist/Fascist Party has done a very good job convincing the public that the Capitalist Republic that brought our nation to the place it sits today is an evil that must be destroyed. My fear is they are succeeding.

When you cast your ballot on the 4th, remember who gave us this mess. Dowd, Obama, Frank, Pelosi, Kennedy, Kerry, and a cast of thowsands. A special “thanks” goes out to ACORN, the ACLU, and the judges in the 9th circuit court of Liberalism. Thanks guys, my 401K is losing value as we speak and your voting records are a joke. I guess the Democrat definition of “Fairness” is when everyone is equally poor.



Gradually Slipping Left
September 24, 2008, 6:30 pm
Filed under: Economy, Legislative Foolishness

http://www.promethea.org/Misc_Compositions/PrometheanCapitalism/Fascism.html

It’s kind of a long read but I think it will open your eyes a little. Are we going to be another Germany, Itally, USSR, or even China. I fear the slide has started and the result will be the same.

The Supreme Court has nibbled away at the Constitution in the name of “fairness”. Can we afford more Liberal judges that continue to assault the primary reasons the Constitution was written and adopted?

Are we going to see the result of over 200 years of work be placed in the hands of unelected, self righteous, elitests, change what truly “was” a great document. Thomas and Scalia are about the last two who are actually following the intent of the Constitution.

As for the “Bail-out”, let them fail. They’ve given so much money to the top tier of the Democrats and the Democrats have done everything in their power to black any kind of restructuring up until now when their collective necks are on the chopping block.



Poll
September 22, 2008, 5:41 pm
Filed under: Economy, Legislative Foolishness, Political Races, Uncategorized

A KFAB poll today had a vote on Senator Hagel speaking out against Sarah Palin being the VP nominee. The results weren’t all that surprising. 83% say that he should keep his mouth shut.

While voting with the Conservative side, he’s received a lot of criticism for the stance he adopted on the invasion and war in Iraq.

He’s also recieved criticism for blocking legislative reform.

  • Voted YES on allowing some lobbyist gifts to Congress. (Mar 2006)
  • Voted NO on establishing the Senate Office of Public Integrity. (Mar 2006)
  • Voted NO on banning “soft money” contributions and restricting issue ads. (Mar 2002)

Of course you can always go to the web-site but check this out. Hindsight is always 20/20.

  • Our current Iraq policy is not worthy of soldiers’ sacrifice. (Jul 2007)
  • Engage with Iran & Syria; follow Baker-Hamilton. (Jul 2007)
  • Internationalize Iraq or we’ll be seen as occupiers. (Jul 2007)
  • Open to withdrawal timelines, but look at other issues too. (Jul 2007)
  • Bush administration wanted to go to war with Saddam. (Jul 2007)
  • No Iraq military solution; focus on political accommodation. (Jul 2007)
  • Outcome in Iraq will be determined by the Iraqis. (Jul 2007)
  • Iraq was a war of choice, like Vietnam. (Jul 2007)
  • Congress should oppose Bush’s actions, but not impeachable. (Jul 2007)
  • Soldiers in Iraq deserve a policy worthy of their sacrifice. (Mar 2007)
  • US in “deep trouble” in Iraq. (Sep 2004)
  • Iraq took our eye off the ball in Afghanistan. (Aug 2004)
  • Voted NO on redeploying non-essential US troops out of Iraq in 9 months. (Dec 2007)
  • Voted NO on designating Iran’s Revolutionary Guards as terrorists. (Sep 2007)
  • Voted NO on redeploying US troops out of Iraq by March 2008. (Mar 2007)
  • Voted NO on redeploying troops out of Iraq by July 2007. (Jun 2006)
  • Voted NO on investigating contract awards in Iraq & Afghanistan. (Nov 2005)
  • Voted YES on requiring on-budget funding for Iraq, not emergency funding. (Apr 2005)
  • Voted YES on $86 billion for military operations in Iraq & Afghanistan. (Oct 2003)
  • Voted YES on authorizing use of military force against Iraq. (Oct 2002)
  • Voted NO on allowing all necessary force in Kosovo. (May 1999)
  • Voted YES on authorizing air strikes in Kosovo. (Mar 1999)
  • CIA mischaracterized Iraq WMD & abused intelligence position. (Jul 2004)
  • Iraq-al-Qaida contacts, but no complicity or assistance. (Jul 2004)
  • CIA knew State of the Union Iraq-Niger connection was false. (Jul 2004)
  • Iraq was not reconstituting its nuclear program. (Jul 2004)
  • Iraq was not developing its biological weapons program. (Jul 2004)
  • Iraq was not developing its chemical weapons program. (Jul 2004)
  • Iraq was developing missiles, but not to reach the US. (Jul 2004)

http://www.ontheissues.org/senate/Chuck_Hagel.htm

Nebraskans are people who have a long memory.



Who Profits?
June 19, 2008, 5:44 pm
Filed under: Economy, Gas Crunch, Global Warming

I know, it’s like beating a dead horse. Al Gore is using more energy after making his house “friendlier ” to the environment, but who is footing the bil for his continued assault on the US system.

I think I’ve found the answer. Why isn’t it strange? The top corporation in the money spent on lobbying is who else but General Electric.

http://www.opensecrets.org/lobby/top.php?showYear=2007&indexType=s

Now I understand that the “evil” oil companies are doing their level best to relieve you of every dollar you may ever get, but ti\his little fact goes completely over the heads of the Left.

Go back twenty years. What was the most evil compound released into the environment? Why it was the PCBs. What use were these evil compounds used for? Why it was the “coolant” in the transformers that hang on the electrical poles and the big sub-stations in suburbia and, OMG, the cities where the poor people live.

Take my advice and dig a little when you see a movement that wants to drastically hange your life-style. Don’t be too surprized if that “Environmentalist” is standing next to a cah register holding a bill with your name on it.



We Have the Answer
February 28, 2008, 5:30 pm
Filed under: Economy | Tags: , ,

We now know how to achieve a balance of payments solution. It all hinges on the US automakers being willing to cut production of family cars. Yes I know that the Japanese have been eating our lunch in that category. Even we have an Infinity. Face it folks, who wants to drive a Ford when you can drive a Volvo? Would you rather drive a Chevy or a Lexus?

We have been handed the solution on a silver platter, and at the price of silver now, it’s a good thing. The only stumbling block is the environmental wackos wanting to shut down civilization. With the global cooling that is coming, I’d think they’d come around though.

What we need to do is crank up the output of pick-ups from the auto makers. The British love these things. Think of it. Who wants to drive a “family saloon” when you can get a real red-neck icon.

http://news.bbc.co.uk/2/hi/uk_news/magazine/7265235.stm

Stupid Law Suits

I guess the trial lawyers are still alive and well in Alaska. I guess that if they think there’s a buck to be gotten from anyone, they’ll go after big oil. Where else would anyone look for a handout other than one of the companies that had already been demonized by the media for the big oil spill.

“The city of Kivalina …is built on an 8-mile (13-kilometer) barrier reef between the Chukchi Sea and Kivalina River.”(edited)

Well, normally a barrier reef is composed chiefly of coral. Coral won’t grow this far north so I can only assume that this “barrier reef” is an alluvial bar deposited by the river in the immediate location. What did the Bible say about building a house on sand? To me, it looks like a personal problem but with the lawyers getting involved that becomes our problem.

Since they are claiming that the oil companies are at fault for this, my solution is simple. Natives have switched over from their traditional methods of survival to relying on snowmobiles, outboard motors, generators, and other conveniences such as kerosene lamps and oil heaters. Make them go back to their native ways, and cut off all fuel access to them.

http://www.iht.com/articles/ap/2008/02/27/america/NA-GEN-US-Global-Warming-Erosion.php



Invest in Alcohol

Whoa, I just looked at today’s grain prices. Corn was at $5.08. If you figure that under today’s distillation plant efficiency of producing 2.8 gallons of ethanol per bushel of corn, ethanol is at $99.75 per barrel. I think oil is less than that, at $91.94.

Now, as you can see, ethanol isn’t any cheaper than oil, so why do you pay less at the pump for E10? Well, you are paying more. Not only do you get worse mileage with E10, but the government subsidizes production. Add to that the increased price of corn based product, you can begin to understand the dilemma.

So, why do we insist on using ethanol and why are the powers that be pushing E85? Well, there is the problem of the oil supply and the restrictions on drilling for new oil in this country. Add to that the environmentalists complaining about global warming drowning the polar bears and the Democrats complaining about the Republicans wanting to drown them out because they mostly live on the coasts, you can see what we are up against.

The farmers aren’t complaining because they’re getting more for their product. I wouldn’t either. They’ve been underpaid for so long that most have quit farming and sold out to the corporations who can afford the high cost machinery for industrial farming. Even the corporate farms weren’t living high.

Farming is a peculiar business. You’re captive to the weather and if you don’t guess right, you can starve. It takes a lot of guts and faith to go into farming. You’re also captive to the government and the markets. You can plant a crop in the spring expecting to get a good return since last year’s market was up, then either get ruined by hail, flood, fire, or a drop in the market. Yep, these guys got guts.

If you are sitting on your butt watching TV and you reach for a beer, think if what goes into it. Barley, corn, rice(Budweiser), hops, all produced by farmers. Grab a hot dog. Beef, chicken, pork, turkey, all produced by farmers. Even the condiments, Catsup- tomatoes, vinegar, spices, produced by farmers. Mustard- yep, mustard seed grown by farmers. Potato chips, corn chips, almost everything you put in your mouth with the exception of salt, comes from some kind of farm, orchard, plantation, or facility entirely dependent on farming. The only seeming exception to that would be seafood, which in the literal sense is produced by someone doing the same job as a farmer, which is putting food on your table.

So the next time you hear someone describe our section of the country as the fly-over part, just say starve then you ignorant bastard! And I hope you run out of gas!

http://www.bloomberg.com/energy/

http://money.cnn.com/2007/01/30/news/economy/corn_ethanol/index.htm

http://www.reuters.com/finance/commodities/grains#corn