America’s Emails Crash the House Email Server

September 30, 2008

I thought I would take the advice of Dave Ramsey and forward his economic plan to my representatives and I discovered this:

Main Street Crashes House Email Server!

Main Street Crashes House Email Server!

American’s are letting their voice be heard on this issue and it is a good thing because it reminds our politicians who they work for.

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Dave Ramsey’s “Common Sense Fix” to the Nation’s Economic Woes

September 30, 2008

I think Dave Ramsey is on to something with his ideas. They reflect what we, the Main Street Americans, need and not what the politicians want to get reelected. He has been advertising this plan on his website and encouraging his listeners and website visitors to send the plan to everyone they know and to their representatives in Washington D.C. A grassroots effort like this is exactly what we need to get our voice heard.

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The Common Sense Fix

-Dave Ramsey


Years of bad decisions and stupid mistakes have created an economic nightmare in this country, but $700 billion in new debt is not the answer. As a tax-paying American citizen, I will not support any congressperson who votes to implement such a policy. Instead, I submit the following three step Common Sense Plan.
I. INSURANCE
a. Insure the subprime bonds/mortgages with an underlying FHA-type insurance. Government-insured and backed loans would have an instant market all over the world, creating immediate and needed liquidity.
b. In order for a company to accept the government-backed insurance, they must do two things:
1. Rewrite any mortgage that is more than three months delinquent to a 6% fixed-rate mortgage.
a. Roll all back payments with no late fees or legal costs into the balance. This brings homeowners current and allows them a chance to keep their homes.
b. Cancel all prepayment penalties to encourage refinancing or the sale of the property to pay off the bad loan. In the event of foreclosure or short sale, the borrower will not be held liable for any deficit balance. FHA does this now, and that encourages mortgage companies to go the extra mile while working with the borrower—again limiting foreclosures and ruined lives.
2. Cancel ALL golden parachutes of EXISTING and FUTURE CEOs and executive team members as long as the company holds these government-insured bonds/mortgages. This keeps underperforming executives from being paid when they don’t do their jobs.
c. This backstop will cost less than $50 billion—a small fraction of the current proposal.
II. MARK TO MARKET
a. Remove mark to market accounting rules for two years on only subprime Tier III bonds/mortgages. This keeps companies from being forced to artificially mark down bonds/mortgages below the value of the underlying mortgages and real estate.
b. This move creates patience in the market and has an immediate stabilizing effect on failing and ailing banks—and it costs the taxpayer nothing.
III. CAPITAL GAINS TAX
a. Remove the capital gains tax completely. Investors will flood the real estate and stock market in search of tax-free profits, creating tremendous—and immediate—liquidity in the markets. Again, this costs the taxpayer nothing.
b. This move will be seen as a lightning rod politically because many will say it is helping the rich. The truth is the rich will benefit, but it will be their money that stimulates the economy. This will enable all Americans to have more stable jobs and retirement investments that go up instead of down.

This is not a time for envy, and it’s not a time for politics. It’s time for all of us, as Americans, to stand up, speak out, and fix this mess.


Wall Street Bail Out Fails to Pass!

September 29, 2008

Today was a good day for democracy. When the bail out deal was announced the American people finally had had enough. Americans took to their phones and email accounts and bombarded Congress with calls and letters saying “NO WAY!” I have been listening to the radio and reading the news, doing my best to follow this issue. I know there are economic factors at stake that are beyond my grasp, but I think that the common sense of the every day American won a great victory here.

Most people understand that if you do something stupid, you pay for it. Over the past few weeks the government has been using the tax dollars of Americans to pay for blatant stupidity. There seems to be some sentiment among Americans that even if not passing this bail out leads to some tough times that we will all be better off in the long run. Why? Because people will learn that stupidity and outright greed will not be rewarded.

I expect the government to go back to the drawing board to try and come up with some other type of bail out plan to rescue the economy, but I think they are completely missing what we really need to stabilize the economy. I agree with Mike Huckabee that the best way to fix the economy is to dramatically cut taxes on investing. Imagine if the taxes on investing were completely eliminated, money would pour into the American markets and more people would be encouraged to invest.

Washington only knows how to spend our money. They think that they can spend their way out of this mess, when what America really needs is more incentive to invest. Hopefully, the defeat of this bill will help them to realize that Americans don’t want to see stupidity rewarded.

On a side note: isn’t it funny that the Democrats, who claim to stand for “the little guy”  seem intent to pass this bail out that will cost every single little guy thousands of dollars while rescuing big business?


Bill Kristol: “McCain’s bold move could reframe the election–and win it”

September 25, 2008

William Kristol had a good take on McCain’s recent call to suspend the debate later this week so that he and Obama could return to Washington to help shape the conversation about the current financial crisis. Obama seems to think that a 90 minute debate is more important than being on hand to deal with the biggest financial crisis of the decade and says that McCain should be able to do more than one thing at a time and should still attend the debate.

While most of the liberal media has been critical of McCain, calling this a last ditch effort to save the campaign (Google the news on this issue and you’ll see that most media outlets are critical of his decision). William Kristol, however, disagrees and says that ultimately this makes McCain appear more presidential.

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A Presidential McCain
McCain’s bold move could reframe the election–and win it.
by William Kristol
09/25/2008 12:00:00 AM


THERE’S A REASON voters in presidential races tend to shy away from electing senators. The primary skills of a legislator–talking, compromising, “representing”–are different from those of an executive–deciding, choosing, “executing.” There are individuals who have the ability both to deliberate patiently and act energetically–but it’s a rare combination. The best legislators tend not to be great executives, and vice-versa.

This year, for the first time in U.S. history, both major party nominees for president are sitting senators. The winner may be the one who can convince some portion of the electorate that he’s less “senatorial,” and more “presidential,” than the other.

That’s why McCain’s action Wednesday–announcing he would come back to Washington to try to broker a deal to save our financial system–could prove so important. The rescue package that was so poorly crafted and defended by the Bush administration seemed to be sliding toward defeat. The presidential candidates were on the sidelines, carping and opining and commenting. But one of them, John McCain, intervened suddenly and boldly, taking a risk in order to change the situation, and to rearrange the landscape.

Of course his motives were partly election-related. But “the interest of the man must be connected with the constitutional rights of the place.” If candidate McCain, for whatever mixed motives, ends up acting in a way that results in a deal that is viewed as better than the original proposal, and that seems to stabilize the markets and avert a meltdown–he’ll benefit politically, and he deserves to. For McCain will have acted presidentially in the campaign–which some voters, quite reasonably, will think speaks to his qualifications to be president.

As for the question of Friday night’s debate, which some in the media seem to think more important than saving the financial system–if the negotiations are still going on in D.C., McCain should offer to send Palin to debate Obama! Or he can take a break from the meetings, fly down at the last minute himself, and turn a boring foreign policy debate, in which he and Obama would repeat well-rehearsed arguments, into a discussion about leadership and decisiveness. And if the negotiations are clearly on a path to success, then McCain can say he can now afford to leave D.C., fly down, and the debate would become a victory lap for McCain.

So the action of these few days becomes more important than the talk of that hour and a half Friday night. One could even say the contrast between the two men in action becomes the true debate over who should be president. The media, being talkers and debaters, love debates, overestimate their importance, and are underestimating the possible effect of McCain’s dramatic action. In the debate itself, McCain should mock the media’s greater concern for gabbing than solving our economic problems, and should associate Obama with such a talk-heavy media-type approach to politics. If the race is between an energetic executive and an indecisive talker, the energetic executive should win.

William Kristol is editor of THE WEEKLY STANDARD.


Mike Huckabee Lambasts Republicans for Their Consideration of Wall Street Bail Out

September 24, 2008

Mike Huckabee today released a statement about the idiocy going on in both parties as they work with Wall Street to strap the American tax payer with hundreds of billions of dollars in bail out monies. Huckabee shows here that he is not merely Republical talking head by calling this bail out what it is: stupid. He also offers up some ideas to help get us out of this mess without charging the tax payers for the stupidity of Wall Street.

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Bailing on Our Principles

Today at 12:14pm

by Governor Mike Huckabee

Frankly, I’m disappointed and disgusted with my own Republican party as I watch them attempt to strong-arm a bailout of some of America’s biggest corporations by asking the taxpayers to suck up the staggering results of the hubris, greed, and arrogance of those who sought to make a quick buck by throwing the dice. They lost, but want the rest of us to cover their bets so they won’t be effected in their lavish lifestyles as they figure out how to spend their tens of millions and in some cases, hundreds of millions in bonuses and compensation which was their reward for not only sinking their companies, but basically doing the same to the entire American economy.

It’s especially disconcerting to see the very people who pilloried me during the Presidential campaign for being a “populist” and not “understanding Wall Street” to now line up like thirsty dogs at the Washington, D. C. water dish, otherwise known as Congress, and plead for help. I thought these guys were the smartest people in America! I thought that taxpayers like you and I were similar to the people at the U. N. who have no translator speaking into their headset – that we just needed to trust those that I called the power bunch in the “Wall Street to Washington axis of power.”

The idea of a government bailout in which we’d entrust $700 billion to one man without Congressional oversight or accountability is absurd. My party or not, that is insanity and I believe unconstitutional.

Will there be far-reaching consequences without some intervention? Probably, but we honestly don’t know since we’ve really never seen this level of greed and stupidity all rolled into one massive move. But may I suggest that letting “Uncle Sugar” step in and bail out the billionaires who made the mess will be far worse and will start a long line of companies and individuals who will demand the same of the government—which last time I checked means that they will be demanding it out of YOU and ME. This is not money that Congress is risking from THEIR pockets or future, but ours. Many if not most of us have already experienced lost value on our homes, retirement accounts, and pensions. Now they’d like for us to assume some further risks so they won’t have to.

What happened to the “free market” idea? Is that only our view when we WIN and when we LOSE, we ask the government to come in and take away the pain?

If you are a small business owner, is this the way it works at your place? When you have a bad month, a bad year, or face having to close, can you go up to Congress and get them to write YOU a fat check to take away your risk?

Some of what contributed to this disaster is too much government in the form of Sarbanes/Oxley. Some is due to the tax structure that created the hunger for companies to “game” the system. Some is the common sense that was ignored like loaning money to people who can’t pay it back.

Wall Street has become Las Vegas east, but at least in Vegas, people KNOW they are gambling and they don’t expect the government to cover their losses at the tables. In Wall Street, they do. And the American taxpayer burdens the responsibility.

If Congress wants to do something, here are some suggestions:

1. Eliminate ALL capital gains taxes and taxes on savings and dividends right now. Free up the capital and encourage investment. This is the kind of economic stimulus the Fair Tax would bring and if Congress is going to lose money, let them lose it with lower taxes, not with public dollar bailouts of private market mistakes.

2. Repeal Sarbanes/Oxley. It has failed. It was supposed to prevent this. It didn’t. Kill it.

3. Demand that the executives who steered their ships into the ground be forced to pay back the losses of their companies. Of course, they can’t, so let them work and give back to the government and they can live like the people they put on the streets or kept there. It makes no sense to put them in jail—that’s just more they will cost you and me. I’d rather them go out and earn money—just not get to keep so much of it this time. I’m not talking about limiting CEO salaries—just those of the people who now are up in Washington begging for help because they ruined their companies.

Attempts by Democrats and Republicans to blame each other is nonsense. They are both guilty and ought to own up and admit it. They all lived off big campaign contributions and the swill of the lobbyists who strong armed them into permission to steal. Enough of blame. Fix it!
This would be a start. If we don’t hold these guys responsible, we are all finished.


Obama Still Does not Support the “Born Alive Infants Protection Act”

September 24, 2008

I know that the issues that seem to be driving both the Obama and McCain campaigns right now are mostly economic related. The instability of the world markets, bail-outs that could potentially carry a price tag pushing a trillion dollars, and the question of what to do to prevent something like this from happening again.

With economic issues taking center stage many social issues seem to have been pushed to the back burner. In my opinion, the issue of abortion is one that should stay front and center. I think it is Obama’s stand on this issue that disturbs me the most about him. His failure to support a bill that would grant infants who survive abortions medical care and basic human rights is frightening and disturbing. His politically expedient answer at the Saddleback forum where he said issues of life are “above my paygrade.” Where do you draw the line, Sen. Obama? If a living, breathing infant is not worthy of basic human rights, where do we draw the line about when a person becomes worthy? Have we really become so hardened as to ignore the cries of a living baby all in the name of freedom of choice? What kind of freedom is that?

It is a very sad statement about our society that we have become so selfish that we would murder in the name of of convenience. That is why issues of life will always be on center stage for me when I choose a candidate, and that should also be the case for the rest of America.


New Spanish Obama Ad Misquotes Rush Limbaugh- “Shut your mouth or get out!”

September 18, 2008

I was listening to talk radio this morning and discovered that many of the conservative talking heads are up in arms over a blatant misuse of a statement Rush Limbaugh made over two years ago. I personally hate the way both sides will pick a two second sound bite out a much larger statement and try to make people believe something completely false.

I think the reason why this ad ticks me off so much is that it tries to pain the entire Republican party as anti-immigrant and in doing so, whether intentionally or unintentionally, will lead to statements like “Republicans are rascist.”

I went over Rush Limbaugh’s website to see what he had to say about the ad and what his explanation for the statement featured in the ad.

Here’s what he had to say:

We were making fun of Mexican immigration laws by trying to point out the stark difference between what you can do as an immigrant or illegal immigrant in Mexico versus what they can do here.  Now, let me just give you some of the highlights of this.  “Everybody’s making immigration proposals these days.  Let me add mine to the mix.  Call it the Limbaugh Laws.  First, if you emigrate to our country–” Now, you have to keep in mind that when this Update ran, we’re in the midst of another one of these high-pressured debates of illegal immigration, and we have learned what Mexican immigration laws are.  I’m simply, in this Update, informing people what Mexican immigration laws are.

“Everybody’s making immigration proposals these days.  Let me add mine to the mix.  Call it the Limbaugh Laws.  First, if you emigrate to our country you have to speak the native language.  You have to be a professional or an investor.  No unskilled workers allowed.  Also there will be no special bilingual programs in the schools with the Limbaugh Laws, no special ballots for elections, no government business will be conducted in your language, foreigners will not have the right to vote or hold political office.  If you’re in our country, you cannot be a burden to taxpayers.  You are not entitled to welfare, food stamps, or other government goodies.  You can come if you invest here an amount equal to $40,000 times the daily minimum wage.  If not, stay home.  But if you want to buy land it’s going to be restricted.  No waterfront, for instance.  As a foreigner, you must relinquish individual rights to the property.  And another thing, you don’t have the right to protest.  You’re allowed no demonstrations, no foreign flag waving, no political organizing, no bad-mouthing our president or his policies.  You’re a foreigner, either shut your mouth or get out.  And if you come here illegally, you’re going to jail.  You think the Limbaugh Laws are harsh?  Well, every one of these laws I just mentioned are actual laws of Mexico today.  That’s how the Mexican government handles immigrants in their country, yet Mexicans come here illegally and protest in our streets.  How do you say double standard in Spanish?  How about no mas?”

If you want to see all his comments you can check them out here.