Miscellaneous

Today, House Speaker Nancy Pelosi is out trying to push another stimulus package. What does this mean? Is this the next “fix-all” step?

First, it is important to remember what happened earlier this year. The Economic Stimulus Act of 2008. This was enacted on February 13 and had a projected cost at over $150 billion. More importantly was their rationale for this act. They touted this Act as something that would stimulate businesses and consumers to spend. They were in the hopes that it would boost consumer spending and that targeted tax incentives would boost business spending.

This piece of legislation was presented to the American people as a way that would add confidence to the markets, and take a lot of the fear away.

Second, it is important not to forget what happened most recently. Most are saying that the Emergency Economic Stabilization Act of 2008 is the largest movement towards a socialist state that this country has ever seen. Enacted on October 3, and with an estimated cost hovering at the heights of $850 billion and beyond, it was pressed to stabilize the economy and to improve liquidity for investor confidence.

What type of confidence did it invest? NONE. The DOW has made record drops, leaving many to wonder and speculate to the point that many of those same people pulled their money out of the market.

So, what was next? The G7 met over the weekend, and together agreed that action was to be taken and to be acted on quickly. Their quick actions led the investment markets to make incredible gains. Today, the DOW gained 936.42 pts. to close at 9387.61. The biggest single gain in history.

Which brings us back to what Nancy Pelosi brought up today, and that being yet another “stimulus package.” Where does she think this money would come from? Our national debt is SO large, it now does not fit on the debt calculator in NYC. With the government already having spent more than $1 trillion ($1,000,000,000,000) this year, what would lead anyone to think that any more would fix it? That is pure INSANITY! Insanity is doing the same thing over and over again and expecting different results.

How many times will they try a stimulus package or any other type of emergency economic act? When will they realize that what they are doing is insane? According to House Speaker Nancy Pelosi, maybe just one more time.

GM’s problem, and possibly the whole reason they are searching for a partner, is GMAC. What is GMAC? GMAC Financial Services is a diversified, global financial services company that operates in approximately 40 countries in automotive finance, real estate finance, insurance and commercial finance businesses. With so many financial service companies in turmoil, it is no wonder that these talks could ultimately lead to a merger.

So, who could be leading these talks? Cerberus Capital Management, L.P. Who is that? They invest primarily in companies which are near bankruptcy. Cerberus owns around 80% of Chrysler, and 51% of GMAC when GM sold it to them on November 30, 2006. Owning the majority of both GM and Chrysler, it only makes sense that they would want to merge the two to maintain their investment return opportunity.

While all of this is still just talk, it certainly looms in the back of millions of those minds who are employed by either of these two auto giants. These employees need to be reassured, and only for one simple fact. The CEO’s are acting in the best interest of the employees and the companies, and NOT letting the government step in and socialize the auto industry.

Henry Paulson, the Secretary of Treasury, could go down in history as the biggest fraud this nation has ever witnessed. Many would argue that he has and is robbing BILLIONS of money from not only Americans, but all accross the world. Millions and millions of people are seeing thier money disapear at an alarming rate.

So, here is a little of the history of Paulson and his scam.

Prior to May 2006: Employed as the CEO of Goldman Sachs.

May 2006: Left GS to serve as US Treasury Secretary.

Spring 2007: Told an audience at the Shanghai Futures that “An open, competitive, and liberalized financial market can effectively llocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.”

August 2007: Explained that US subprime mortgage fallout remained largely contained due to the strongest global economy in decades.

July 20, 2008: After the failure of one bank, he reassured the public by saying, “it’s a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.”

August 10, 2008: Told NBC’s Meet the Press that he had no plans to inject any capital into Fannie Mae or Freddie Mac.

September 7, 2008: Fannie Mae and Freddie Mac went into conservatorship.

September 21, 2008: GS received Federal Reserve approval to transition from an investment bank to a bank holding company.

October 3, 2008: US Government passes “Bailout Bill”

Now it’s time to ask a few questions!

What is next?

What is the REAL plan?

What is the REAL motive behind Henry Paulson?

If anything should be added to this timeline for fraud, please feel free to comment.

In case you missed the debate.

Who would appoint to Sec. of Treasury?
M – Warren Buffet, Meg Whittman(sp), someone who inspires trust and confidence
O – Warren Buffet, someone who helps the middle-class, McCain is right

What in the bailout will help the people?
M – attacks Obama and his “cronies” for lending and getting contributions from Fannie and Freddie
O – says that credit markets are frozen, problem was deregulation, says he tried to re-regulate over the last two years, THIS IS THE BEGINNING OF THE PROCESS AND NOT THE END

Will it get worse?
O – says that we need to coordinate with other countries
M – the workers are the best and effective

How can we trust either when both parties got us here?
O – Washington is different from the way things are done in the home, talks about the increase of the debt, SPEND MORE MONEY ON THINGS, make spending cuts
M – has worked on reform against things like this, look at records and not the rhetoric, Obama proposes $800b in more spending, look at the records

What are highest priorities?
M – all can be worked on at the same time, build nuclear plants and create more jobs
O – energy first, health care second, education third

What sacrifices will you ask of Americans?
M – eliminate all that isn’t working, ELIMINATE EARMARKS, cut key spending, establish priorities
O – (talks about Bush right after 9-11) save energy, CALL TO SERVICE

Wall street got drunk, how break bad habits?
O – show that Washington has good habits, share the burden
M – Obama wants to raise taxes, compares Obama to H. Hoover, Obama will raise taxes on small companies, attacks Obama on saying he wouldn’t raise taxes if economy is bad, offers tax credits

Social Security, Medicare – date to reform?
O – take on entitlements, can’t work on it in two years but wants to work on it in first term, tries to explain his tax proposal
M – says it isn’t hard to fix it because it has been done before, TOO much special interests, Obama voted 94 times to increase taxes or against tax breaks, RECORDS OR RHETORIC

What would you do in first two years to move fast?
M – energy and economy
O – energy and economy but would have to SPEND and INVEST, agrees with McCain

Should we fund a group on nuclear energy or invest in the garages of the people?
M – attacks Obama on voting, attacks

Health care coverage?
O – it is breaking household budgets, socialize it
M – offer a tax credit across state lines, give the choice to the people

Health care a right or responsibility?
M – both, attacks Obama
O – tries to answer attack from McCain, MANDATE CHILD HEALTH CARE

How will economic stress effect foreign relations?
M – we are the greatest and will continue to be that way, attacks Obama
O – tries to answer attack but shifts to Bush and Iraq, talks about how much being spent in Iraq, agrees with McCain that we are the greatest

Use of combat services if not national security?
O – we have a moral obligation, can’t be everywhere at once, INCREASE INTERNATIONAL COMMUNITY
M – attacks Obama on withdrawl plan, we are the greatest force for good, must be able to beneficially effect situation

Pakistan or Al-Queda in Afghanistan?
O – move from Iraq to Afghanistan and change ways with Pakistan
M – says Obama wants to announce military attacks, speak softly and responsibly
O – if Pakistan won’t help then we’ll do it, agrees with McCain
M – would not telegraph his attack

How would you reorganize effort with Afghanistan?
O – Afghanistan wants our help
M – build up Afghan army, work with Pakistani government

Russia?
M – talks about Putin, work with Russia using international efforts, take time
O – give financial help to countries around Russia like Georgia, work with Russia using international efforts, take time

Is Russia evil empire under Putin?
O – does not really answer but leans more toward yes answer
M – maybe but does not want to answer

Iran attacks Israel, send troop support for Israel without okay from UN?
M – yes, keep eye on Iran and nuclear weapons, attacks Obama on sitting down without pre-conditions, but would also need to use allies with Iran, cannot allow a second holocaust
O – cannot allow Iran nuclear weapons, Israel one of strongest allies, do everything to prevent it diplomatically, one-on-one talks with enemy

What don’t you know and how will you learn it?
O – the challenges of the presidency
M – what will happen here and abroad

America could now be described as a totalitarian democracy. That isn’t a term many people are familiar with. It may be important to start with defining the term: totalitarianism.

Totalitarianism can be defined as: The principle of absolute control and unrestricted domination by a government. Using this definition, one can easily understand what a totalitarian democracy is. It is a system of government which elected representatives are to maintain the integrity of a nation whose citizens, while granted the right to vote, have little or no participation in the decision-making process. It is also noted that it is said to control the lives of its people, using a dual rationale of “public good” and majority rule. This rationale is usually interpreted by the economic and political elite to suit their own interests.

One might also argue that totalitarian regimes or movements maintain themselves in political power by means of an official all-embracing ideology and propaganda disseminated through the state-controlled mass media, central state-controlled economy, and widespread use of terror tactics.

So, what does this have to with the recent government bailout?

Or should one ask, “Did your elected official vote the way you wanted them to?”

Taking a look at the percentage of people who were opposed to any form of a bailout, one would be hard pressed to answer the previous question with a resounding, “Yes.” So lets take a little deeper look into the idea of labeling America a totalitarian democracy.

The government presented this bailout, not as a bailout but a buy-in. And that is exactly what it was for every tax paying citizen, a buy-in. The citizens were forced to buy into the failing institutions with the “idea” that it would “stabilize the market” and allow banks to freely lend money again. But, isn’t that what originally got these companies into a free fall in the first place? Were they not told by the government, in the ’90’s under the Clinton administration, to open up and more leniently loan money to those that could not honestly afford it? Is that the only place to focus our blame, on the failed presidencies of then and now?

Under the direction of the government, saying that everyone should be able to live the American dream of owning a house, the lending companies freely lent out money to those who knowing could not afford it. These individuals were not asked to prove what they could afford, but simply said they were living the American dream. That is not all. One need also look to the Federal Reserve for consistently dropping the interest rate to attract those looking for home-ownership.

What about the people? Do they not take some blame? Most certainly does the blame fall on them. The government did not force them to sign the papers. The lending companies did not force them to sign either. The individual made the choice to knowingly get themselves into trouble and sign papers for what they could not afford. However, many if not all these people pointing fingers at the lending banks for offering a detrimental Adjustable Rate Mortgage(ARM).

The first clue to this “economic crisis”, was offering something that was adjustable. Because, in the end, it will adjust itself to make up for what it lost at the start of the loan. But that isn’t all.

People began to quickly loose their homes and the lending companies began to panic, as well did the government. The economy began to slow, almost to a halt, and speedily the government stepped in and offered a proposal to the people that they would be sending out a “stimulus check.” The government tried to sell this idea to the people saying that it will put money into their hands to freely spend. However, like always, the government was a ways past being late. The people were already past due on their mortgages, overdrawn on their bank accounts, and in an abundance of credit card debt. The government wanted people to go out and spend this money on frivolous things, but the people knew better. They spent it catching up so as not to loose their homes or even their cars.

This is when Americas shift to a totalitarian democracy became very prominent. Without any regard to the opinion of the people, the elected officials went against what the people wished. The people knew that this was too good to be true, and that it would cost them even more because they, the people, would be paying for it with their taxes. Months went by, and the economy was still in turmoil. The little trust the people had in their government, would soon cease to exist when their elected officials went against their wishes and voted yes to the bailout bill.

This $700 billion bailout of the banks, and the takeover of Fannie Mae and Freddie Mac is arguably the largest communistic socialist movement that America has ever witnessed. With referral to The Communist Manifesto, the movement in question is the centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly. With the bailing out of these industries, and amounting the socializing of their loses to the American people through the government, one is forced to take a hard look at the previous statement. Even more alarming, is what Cleon Skousen, in The Naked Communist, raised on the floor of the House on January 10, 1963 saying that the goals of the Communist Party included, but not limited to infiltrate and gain control of big business. Another goal was to infiltrate the press and get control of editorial writing, and policy-making positions.

Does any of this sound familiar?

Our big businesses have, and are being controlled by the government.
The “free” press and their editorial writing is controlled by scare tactics against the people.
A centralized state of credit by means of a nationally backed bank.

So, take a look at what totalitarianism is again. Did your voice matter in this recent government interaction? Where you properly represented by your elected officials? Are those elected officials suiting their interests or yours? Is the media using scare tactics to change the way you think? Is the integrity of this great nation still in tact? Is this the start of a new America?

Remember the Declaration of Independence:

We hold the truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.–That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed,–That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety an Happiness.

Here is Dave Ramsey’s Common Sense Fix:

Here is a copy in text format:

Here are the links in order for you to send it to your Senators and Representatives:

In order to send this information on, you should copy the information from the text format and paste it into the body of your e-mail.

Also, Dave Ramsey urges you to tell everyone you know to do this if you agree with his plan.

Please take an active role as a citizen of this nation and let your voice be heard.