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My Final thoughts on the Wall Street Bailout!

October 13th, 2008 . by TexasFred

My Final thoughts on the Wall Street Bailout!

Back in 1999, in the great state of Nevada, the government seized The Mustang Ranch after guilty verdicts were returned against its parent companies and manager in a federal fraud, racketeering and tax evasion trial, and, as required by law, once they had seized The Mustang Ranch, the government tried to run it.

They failed miserably and it closed.

Now, we are trusting the economy of our nation to a pack of nit-wits that couldn’t make money running a whore house and selling booze!

Don’t you feel a lot better now?


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McCain plan would buy bad homeowner mortgages

October 8th, 2008 . by TexasFred

McCain plan would buy bad homeowner mortgages

WASHINGTON (AP) – John McCain’s proposal to buy up bad home mortgages would use nearly half the $700 billion from the recent Wall Street bailout package to assist Americans directly, instead of indirectly by rescuing the nation’s financial markets.

The Republican presidential candidate announced during Tuesday’s debate that he would order the federal government to spend $300 billion in federal funds to buy the mortgages and allow financially troubled homeowners to keep their houses.

Democratic nominee Barack Obama last month sounded a similar theme, proposing that the government consider taking such a step.

But McCain’s approach was far more categorical.

Full Story Here:
McCain plan would buy bad homeowner mortgages

John McCain voted FOR the Wall Street bailout. So did Barack Obama and his VP running mate, Joe Biden. Those are hard and indisputable facts.

McCain and Obama are both trying to use showmanship, trying to BS their way into our hearts as they play the let’s see who can tell us how much they are going to do for us and how much they’re NOT going to raise taxes while doing it game.

I am NOT an MBA, but even a dumb old blogger from Texas knows, you can’t just up and save Wall Street to the tune of $700B plus dollars, OUR tax dollars, and NOT raise taxes in the process. You can’t buy all the bad home mortgages and not raise taxes at some point. It’s just NOT going to work like that.

And if this isn’t enough, today House Speaker Nancy Pelosi, the most disgusting woman in D.C. this side of Helen Thomas, comes up with this load of crap.

DENVER (AP) – House Speaker Nancy Pelosi says a second economic stimulus plan is needed now because of the faltering economy and she puts the price at $150 billion.

The House did pass a $61 billion economic aid proposal last month before lawmakers left Capitol Hill ahead of the Nov. 4 election. But a similar plan failed to pass the Senate.

Full Story Here:
Pelosi raises idea of $150 billion stimulus bill

Pres. Bush said he would veto this latest travesty, and damn well he should, I wonder why he didn’t veto the bailout in it’s inception? But, I also wonder why he supported the amnesty plan a while back too. I’m not blaming this all on Bush, but consider this; HUD: Five Million Fraudulent Mortgages Held by Illegals and this; Years of Extending Loans To Illegal Aliens Have Contributed To Economic Crisis…Congress Silent!.

Look at WHO wanted amnesty for the ILLEGALS, look at HOW, almost as soon as the American people stood up to the government and stopped the amnesty plan this financial crisis became front page news, and then look at WHO supported the bailout, many of the same Senators and Congressmen, by far, were supporters of the bailout and amnesty.

I’m not real big on conspiracy theories, but for crying out loud, talk about your coincidences. And look at WHO is paying the bills for all of this too…


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Fed to lend to companies in emergency move

October 7th, 2008 . by TexasFred

Fed to lend to companies in emergency move

WASHINGTON (AP) – Frantically trying to stop the bleeding on Wall Street, the Federal Reserve took a first-time step Tuesday to get cash directly to businesses and hinted that interest rates could come down soon. Stocks continued their free fall anyway and hit new five-year lows.

The central bank invoked emergency powers to lend money to companies outside the financial sector and buy up mounds of commercial paper, the short-term debt that firms use to pay for everyday expenses like salaries and supplies.

The Fed, which has only loaned money to banks before, made the move as the gravest financial crisis in decades wore on and concern spread around the world.

In a speech to the National Association for Business Economics, Fed Chairman Ben Bernanke delivered a strong signal interest rates may need to be cut. And he warned the country could be stuck in the economic doldrums for some time.

Full Story Here:
Fed to lend to companies in emergency move

What caused this financial crisis? Bad business, deals and management. Who caused this financial crisis? Bad Businessmen. Who has helped to further this crisis? The government of the United Socialist States of America, that’s who!

The politicians are full of excuses, that’s not all they’re full of, but I am trying to keep this *PG* rated, and it’s not really easy, my anger forces me to get up and walk away from the keyboard periodically simply so I won’t post something that may be considered seditious.

I know that BAD BUSINESS caused this but BAD GOVERNMENT has empowered it to new and unheard of heights. This bailout is a joke, and if the Fed cuts interest any further, they may as well be giving money away. Wait… What?? Damn, they ARE giving money away, OUR money! And anyone that even remotely believes that we’re ever going to see a return on this is basically stupid!

“Have faith, this economy is going to recover over time,” the president said in a speech in Virginia. “I wish I could snap my fingers and make what happened stop. But that’s not the way it works.”

Well DUH!! Hey, Pres. Numbnutz, we KNOW it’s going to get better, the last depression was overcome, this BS will be too, but YOU Mr. Bush, you are as much responsible for this travesty as any of the SOCIALIST bastards in the Congress and Senate that sent it to you for a signature.

As a few have pointed out, outrage is wasted on you Mr. Bush, you’re the lamest of LAME DUCKS, it’s almost like your administration is deliberately trying to see just how much damage it can inflict before you’re gone, and your departure from the White House can’t come a moment too soon, for the sake of this nation. You legacy has now been written, George W. Bush, the most dimwitted asshat to ever inhabit the Oval Office, hands down!

This post may anger the few idiots that still claim the title Bush Bot, and there really are a few that haven’t seen this man for the SOCIALIST ally to One World Government that he really is. Mr. Bush will wear the distinctive title of being the man most responsible for bankrupting the United States of America and turning her into the United Socialist States of America. Just keep giving OUR money away, I am actually looking forward to the investigations that are bound to follow you once you are OUT of office.

All we can do now is pray that the damage that you and your buddies have done isn’t fatal to us ALL!


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