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Obama: The 1st Week

January 26th, 2009 . by TexasFred

OK, lets just take a look at these 3 headlines and examine the Obamanation and try to make some sense of his actions.

US envoy predicts ‘direct diplomacy’ with Iran

UNITED NATIONS (AP) – President Barack Obama’s administration will engage in “direct diplomacy” with Iran, the newly installed U.S. ambassador to the United Nations said Monday.

Full Story Here:
US envoy predicts ‘direct diplomacy’ with Iran

GM to lay off 2,000 workers, cut production

DETROIT (AP) – General Motors Corp. said Monday it will cut 2,000 jobs at plants in Michigan and Ohio, and it will halt production for several weeks at nine U.S. plants over the next six months due to slow sales.

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GM to lay off 2,000 workers, cut production

Obama targets greenhouse gases, fuel efficiency

WASHINGTON (AP) – President Barack Obama took aim Monday at the lofty but long elusive goal of making the nation more energy independent, ordering reviews that could lead to tougher auto emission standards in states and higher pressure on automakers to produce more fuel-efficient cars.

Full Story Here:
Obama targets greenhouse gases, fuel efficiency

Obama is going to engage in talks with Iran? Or, more accurately, he’s going to have an ambassador talk to Iran? That seems to be his plan for the rest of the *war on terror* too, Obama wants to talk em to death. I am of the opinion that this BS isn’t going to work, the terrorists, and Iran IS a sponsor of terrorism, don’t want talk, they want DEATH, our death.

Iran is responsible for much of the weaponry that went into killing our troops during the heavy action in Iraq. I don’t suppose that matters to someone like Obama, he doesn’t have any use for our troops, other than as a tool to enforce HIS orders, when those orders come down. And they will!

The Dems, as a whole, see the solution to the recession as this, dump MORE taxpayer dollars on it. If you throw money at it, it’s all going to be OK as long as we throw money in that general direction. The 1st stimulus didn’t do it, another stimulus isn’t going to do it, and all the Wall Street bailouts and the rescue of the auto makers is going to do is allow them the belief that all they need to do is ask. Ask, and insinuate that you’re going to go out of business if the taxpayers don’t pony up again. And again. And again. Ad infinitum!

Then we get to the *greenhouse gas* thing from *The One*. Obama drank the Algore koolaid, that is a requirement for ALL Dem/Libbers I guess. Nearly ALL Conservatives believe that global warming is a hoax and the recent BS spewed by *The Goreacle* is just that, BS. The only thing I don’t understand is this, why wasn’t *The Goreacle* named as a member of the Obamanation cabinet? Dare *The One* shun *The Goreacle*? Naming Algore to his cabinet would be a logical progression if you think about it. Obama is running more than a few Clinton retreads.

He wants to *talk* to those that have either directly or indirectly brought about the deaths of over 4,200 U.S. troops. He wants to continue the bailouts of the automakers, and God only knows who else. He perpetuates the global warming myth. He orders Guantanamo closed and he nominates a disgusting tax cheat as head of Treasury, a nomination that has passed by the way. And just think, that’s all within the 1st WEEK!! Next week should be a real adventure!


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Fed ready to slash rates amid deepening recession

December 16th, 2008 . by TexasFred

Fed ready to slash rates amid deepening recession

WASHINGTON (AP) – With the recession dragging down consumer prices and home construction, the Federal Reserve is prepared to slash a key interest rate – perhaps to an all-time low – in a desperate bid to stem the country’s economic slide.

Consumer prices fell by a record amount in November, while home building plunged by the most in a quarter-century, according to government reports released Tuesday that underscored the economy’s weakening state.

Falling prices for goods and services at first blush might sound like a good thing. But if prices keep spiraling downward, they can wreak economic havoc. That gives the Fed another reason to lower rates, which would protect against this risk.

With the Fed’s key rate dropping ever closer to zero, the central bank is moving into uncharted territory.

Nonetheless, Fed Chairman Ben Bernanke has made it clear the Fed isn’t running out of ammunition to fight the worst financial crisis since the 1930s. It is exploring using tools – other than rate cuts – to revive the economy. New insights on that front could be revealed when Bernanke and his colleagues wrap up a two-day meeting Tuesday.

Full Story Here:
Fed ready to slash rates amid deepening recession

I have said many times, I am NOT a finance guy, I have a finance guy that takes care of our business for us, so, take this as an opinion piece only.

The FED is cutting rates again, and saying it’s going to help *jump start* the economy. Well, maybe so, but it hasn’t done it so far. The *stimulus* checks were supposed to *jump start* the economy. Nope, didn’t happen, in fact, it got worse.

The stock market is shaky at best, up one day and down the next. Wall Street has lost well over 5K points in recent days. I felt that the stock market was seriously over inflated anyway, I have felt that there had to be a correction in market levels. And there was.

This morning the markets opened UP, as I am writing this they are floating in the + 80/90 range, but if recent actions are any indication, the market could close up by a few hundred or down by just as much. Any hiccup in the market can drive it crazy, one way or the other.

Once upon a time there were many people heavily invested in CDs, certificates of deposit for you younger folks that may not know what an original CD was. Today, as of right now, the return on CDs is ridiculous. A 6 month CD is coming in at 2.75%, a 1 year CD at 3.20%, a 5 year CD is bringing in 3.62%, a bit better yes, but your money is tied up for 5 years. IRA CDs aren’t any better, a 1 year is at 2.89% and a 5 year is at 3.26%. All of those figures are current as of today and are down from last week. Figures were taken from Bankrate.com

I have no idea what to do. I am not alone either. Many of us, hell, ALL of us are in a quandary, especially retirees. We are on fixed incomes and rely on investments to take up the slack in our incomes. That money is just not there now. I am seriously concerned, I am wondering if Paulson and Bernanke are not more the cause of the problem than they are the solution. Between the crooks on Wall Street, and the other crooks in corporate headquarters stealing this nation blind, what in the hell is the average guy supposed to do?

Any thoughts or ideas on your situation?

EDIT TO ADD: Stocks surge after Fed cuts rates to record low

The Dow Jones industrials are up 360, or 4.2 percent, at the 8,924 level Tuesday. Broader indexes have surged more than 5 percent.


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Hutchison signals she’s ready for a showdown with Perry in 2010

December 10th, 2008 . by TexasFred
Hutchison signals she’s ready for a showdown with Perry in 2010
AUSTIN – In creating a committee Thursday to explore a run for governor, Sen. Kay Bailey Hutchison sent her strongest signal yet that she’s ready for a showdown against Gov. Rick Perry that would cost millions and sharply divide the Texas GOP.

Ms. Hutchison has considered running for governor before but always backed away. This time, by launching the committee, she has cleared the way to open a campaign office and raise money for the race.

Although the Republican primary is 15 months away, the contours of the race have already emerged – Mr. Perry casting her as part of the problem in Washington and Ms. Hutchison labeling him a divisive, ineffective leader in Austin.

“As any person watching the last legislative session could see, it was very contentious and acrimonious,” she said. “Certainly Texas is looking for change in that office.”

Mr. Perry, who has repeatedly said he will seek re-election, fired back through a spokesman by suggesting that the Republican senator has spent too much time outside Texas.

“There hasn’t been much good coming out of Washington – record deficits, bailouts, spending,” said Mark Miner.

Full Story Here:
Hutchison signals she’s ready for a showdown with Perry in 2010

There are a few things that Kay Bailey Hutchison needs to think about before she comes home to run for Governor. There are a lot of Texas voters that are seriously pissed off at her. I am one of them.

And why are some Texas voters so pissed of at the once most prestigious woman in Texas you ask? KBH took a stance against border security, Hutchison on defensive over border fence. KBH took a stance FOR amnesty for the illegal invaders that are over running our state and this nation, Immigrant Dream Act Fails Key Senate Vote. KBH proved herself to be nothing more than a SOCIALIST when she vote FOR the Wall Street bailout, Congress OKs historic bailout bill. She voted FOR a bailout that approximately 68% of Texas voters told her they didn’t want. KBH did NOT listen to the wishes of those that put her in office, an event that is happening all too often with far too many elected officials.

Hutchison has ignored the wishes of the people of Texas. Politicians seem all to eager to dismiss the wishes of those that put them where they are it seems. It’s time to send a message to KBH, we, the people of Texas, need to now ignore her by NOT supporting her run for the State House. It’s time for KBH to retire from politics, if she ignores the people of Texas as a U.S. Senator, how in the world can any of us expect her to pay attention if she were Governor?

Personally, I will support Rick Perry against Hutchison. He’s not a great Governor, he’s not as bad as I feel Hutchison would be. And I am on record, right here, right now, as saying, IF the Dems or Libertarians put up an intelligent and viable choice, and KBH were to get the Republican nod, I will support an alternative candidate! I did so in the presidential race, I made my views quite plain for everyone, I will NEVER support the lesser of the evils again.

Texans have great memories, we don’t forget things like the recent antics of KBH, I won’t forget, and I won’t allow Texans to forget. I would be betraying my principles to do otherwise on a Texas vote of such importance!

Cross Posted at: The Texas Connection


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Illegal immigration foe Rep. Tom Tancredo retires

December 8th, 2008 . by TexasFred

Illegal immigration foe Rep. Tom Tancredo retires

CENTENNIAL, Colo. (AP) – When Tom Tancredo, the lightning-rod Colorado conservative, went to Congress a decade ago, he promised he wouldn’t disappear in Washington. He sure didn’t.

Tancredo made headlines clashing with Democrats and his fellow Republicans. He could be hard to figure even by his allies. The grandson of Italian immigrants, Tancredo founded the Congressional Immigration Reform Caucus and achieved national recognition with aggressive, biting rhetoric against what he called out-of-control immigration and bilingual education.

At home, Tancredo lived six doors down from Columbine High School, but he resisted calls for stronger gun control after the nation’s deadliest high school shooting in 1999. He was born Catholic, but converted to the Evangelical Presbyterian Church and blasted Pope Benedict XVI for defending immigrants during a papal visit to Washington.

Tancredo was called racist for presidential campaign ads that suggested Latino immigrants are rapists and drug dealers. He once said Miami was like a Third World country because of its growing non-English-speaking population. He suggested America should threaten to destroy Islam’s holy city of Mecca in case of a future terrorist attack.

Full Story Here:
Illegal immigration foe Rep. Tom Tancredo retires

I wish Mr. Tom Tancredo well in his retirement, I hope he stays healthy, happy and OUT of politics.

Once upon a time I actually thought Tancredo to be a very good choice for a run at the office of POTUS. There were many that agreed with me too. There were many more that didn’t agree, they said Tancredo was a *one trick pony*, that trick being his stand against illegal immigration. It was that hard line stand against illegal immigration that made me think so much of Tancredo. He was touted as being the Conservative that was going to protect the USA from the illegal invasion, and that was good enough for me, at least for starters.

Tom Tancredo has proven himself to be anything but Conservative. Tom Tancredo is what can best be described as a RINO, a Republican In Name Only and in MY opinion, Mr. Tancredo took a hard left turn towards socialism when he voted FOR the Wall Street Bailout!

U.S. Rep. Tom Tancredo (R-Littleton) bucked his constituents Monday by voting for a $700 billion economic bailout plan,saying in a statement that he was worried many people “would pay the price for the excesses of others.”

Tancredo was the only one among Colorado’s three Republican members of Congress to vote for the bill. Democrats Ed Perlmutter (D-Golden) and Diana DeGette (D-Denver) also voted “aye.”

Full Story Here:
Tancredo votes for bailout bill despite constituent opposition

It was at that particular point in time that I let out a sigh of relief and remorse. I was glad that Tancredo hadn’t made it to the office of POTUS. I was also seriously disappointed in Tancredo and I had to accept the fact that I had been wrong about him and his Conservative credentials. No REAL Conservative voted FOR the Wall Street bailout, NO Conservative!

My 2 U.S. Senators from Texas, Hutchison and Cornyn, voted FOR the bailout, they disappointed many Texas voters, and I think they will see just how much we were all disappointed by their vote as they ignored the wishes of their constituents in upcoming Senatorial and Gubernatorial elections!

Mr. Tancredo, as well as many other RINOs in the Senate and Congress are going to realize, their moving more towards the RNC version of Democrat Lite, and away from REAL Republican and Conservative values, is going to spell the end of their careers. A Republican can’t get elected to the office of Dog Catcher without the Conservative vote of this nation. And after much soul searching, I, and many others have vowed that we will never again settle for the lesser of the evils!

It’s going to be Conservative politics for me, from now on. No more fakes, no more *evils*, no more RINOs, no more settling for less. It’s time that the Conservatives of this nation stood and made their voices heard!


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