Posts Tagged ‘frank’

Using Reconciliation

March 3, 2010

Should the Democrats use reconciliation in order to enact the ObamaCare nightmare?

It is looking like they might actually be considering this scenario.  In my opinion, they can go for it.  Here is a possibility that they might not have considered.

They pass ObamaCare….yeahhhh.  Then it gets to exist as it is for about 8 months.  Assuming that the reconciliation conference can iron out the differences between the House and Senate almost immediately (which I doubt).  Then we (the American public that does NOT want this government take over of our choices) get to vote in the 2010 elections.  I predict that many candidates will step forward and their whole campaign slogan will be, “I will vote to repeal ObamaCare”.  I predict that a large percentage of these candidates WILL get elected, and then ObamaCare will be repealed faster than President Obama can sign an order to close Gauntanamo (LOL).

So let me repeat, I hope that any elected official, that wants to commit political suicide for NO gain, does so.

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Entering a Federal Building under False pretenses…..

February 1, 2010

This article from Big Government has gotten me thinking….

The article is called Possible O’Keefe Explanation: He was an ACORN ‘Secret Shopper’.  The part that really intrigues me is the brief description of a Law that was allegedly broken.  It states:

The relevant portion is 18USC § 1036 , which states:

Whoever, by any fraud or false pretense, enters or attempts to enter—
(1) any real property belonging in whole or in part to, or leased by, the
United States;(bold is mine)

shall be punished as provided in subsection (b) of this section.

(b) The punishment for an offense under subsection (a) of this section is—
(1) a fine under this title or imprisonment for not more than 10 years, or
both, if the offense is committed with the intent to commit a felony; or
(2) a fine under this title or imprisonment for not more than 6 months, or
both, in any other case.

Now follow along with my thinking.  If anyone enters, or attempts to enter, a Federal Building (i.e. the White House, the Senate Building, The House of Representatives, etc.) under false pretenses, or fraud, they are breaking this law

Does this mean, say for instance, if an elected official enters a federal building in order to help themselves and their friends, instead of the people they represent, that they are breaking the law.  Or, if someone were to lie in order to get elected, and then enters a federal building, where they break their “promises”, that they are breaking the law.  Or, if someone were to cheat on their taxes while being paid in one of these federal buildings, they are breaking this law as well.

I’m just askin’….

Obama gives Karzai Corruption Ultimatum

November 4, 2009

This article has me thinking about irony and a lack of character at the highest levels of government.

How can Obama, with a straight face, tell another leader to take care of the corruption in their government, when HE, “the anointed ONE”, cannot take care of the corruption in his own, including himself??

If you have not been paying attention, search ACORN, SEIU, Rangel, Dodd, Frank, Geithner, ethics investigation.  There are many more, but this should be a good start.

National Health Care

August 3, 2009

I have a question for ANYONE that feels that the “Government” should be invoved in Health Care in this country. 

I will ask it in a moment, but first I want to clarify some things.  Currently, the Obama administration, the Democrats in congress and the Democrats in the Senate are telling us that the public is clamoring for a solution, and that their solution (National Health Care) is the ONLY way to solve the problem.  They are ignoring the polls where some 80% of the public is happy with their coverage, or the FACT that the United States has the BEST medical care in the WORLD.

I am NOT saying that the system should not be improved.  I feel that there is too much inefficiency and costs are out of control.  But, I also feel that the involvement of the government WILL make the system worse and COST way too much.  Probably more than the $1 Trillion that has been thrown around.  If someone can show me ONE government program that has not gone over budget, I WILL show many that have.  For example, Social Security (projected to bankrupt in my lifetime), Medicare (I have NEVER heard anyone complain about this program…NOT), Medicaid (I have NEVER heard anyone complain about this program…NOT) and how about Cash-for-Clunkers (that budget, from the administration, did NOT last two weeks), there are many others.  So, now WE are supposed to trust them on this one.  I am SORRY, I cannot.

The question……

If the National Health Care system gets enacted, are you going to like the National Health Care system when Republicans get to make the decisions about coverage???

Please do not believe that the Democrats will forever run the White House, Congress, and the Senate.  And do not think that the coverages will NOT change with each change in party.  Let me make some observations.  Abortions – depends who makes the decision (Pro-life or Pro-choice).  Stem Cell therapies – depends who makes the decision (It was only 7 months ago that these were frowned upon).  Cancer treatments – maybe the patient does not have a good probability of survival, why spend the money?  I do not want a bureaucrat making those decisions for anyone in MY family!!

Will Chris Dodd (just diagnosed with Prostate Cancer) let ME decide what treatment he should get??  I will BET anyone, any amount of money that he will NOT.  I do not want HIM to make that decision for ME, or anyone in my family, either!!!!

President Obama is a GENIUS…

July 31, 2009

CLANK, CLANK, CLANK…..
Please make sure your lap bar and seat belts are securely fastened and please keep your hands inside the car for the entire ride…..
CLANK, CLANK, CLANK…..

That is the sound of the roller coaster that we are now on.  DO NOT worry about the budget deficit or any of the “money” that the USA currently owes, President Obama and friends are going to make it so SMALL that we will have no trouble paying it off.

I know, I know, all you hear about is how large the National Debt is getting.  I mean, $1 TRILLION dollars SOUNDS like a lot of “money”.  But, is it really??  In 1960, $1 million dollars was a lot of money.  Heck, in 1990 $1 million dollars was still large.  In 2000, I would argue that billion became the new million.  Even Forbes listing of the richest people no longer includes multi-millionaires.  Soon, trillion will be the new million.

With spending (National Health Care, Energy Cap and Trade, Stimulus I, Stimulus II, etc.) that President Obama, the Democratic Congress and the Democratic Senate are trying to FORCE upon the American public, the deficit is getting out of control.  Bernanke says that He can remove the excess “money”, that He has been printing 24/7 as fast as the printers will run for the past 8 months, from the system AS SOON AS it is needed in order to ELIMINATE the threat of INFLATION.  For the moment, let’s assume that He CAN do this.  Does He believe that EVERY central banker in the world CAN do the same thing.  At this point almost every country in the world is flooding the system with currency. (at least $800 BILLION from the USA, at least $500 BILLION from China, at least $70 BILLION from England, at least $370 BILLION from the European Union, at least $80 BILLION from Russia, at least $154 BILLION from Japan, at least $47 BILLION from Canada, etc.).

In my opinion, we are heading for a dose of inflation, that may even turn into HYPERINFLATION.  This is the type of inflation that means you add a ZERO to anything that deals with money, basically overnight.  That $3 gallon of milk now costs $30, that $40 dollar tank of gas now costs$400, that $6 lunch at McD’s now costs $60….you get the picture.  When this happens, our National Debt will NOT go up as fast.  See how SMALL it is getting?

Do not worry about what will happen to you when your wages/salary do not increase as fast as inflation, the government will take care of you.

Remember when President Obama lied said that He would NOT raise taxes for anyone making less than $250,000.  He is almost correct.  First, he is going to raise taxes, and then…….wait for it………..you will be making MORE than $250,000.  How is that going to happen?  Remember when I said you add a ZERO to anything that deals with money?  If you are making $25,000/year now, soon that will be the same as making $250,000/year.  See how SMALL the National Debt is getting?

Here is the best part.  Right now, the top 10% of earners pay 71% of the federal income tax collected, and 32% do not pay ANY federal income tax.  After we add a zero to everyone’s pay, the bottom 32% will START to pay taxes (FINALLY), because the tax code is NOT adjusted for inflation.  See how SMALL the National Debt is getting?

But, do NOT worry what is going to happen to you during the transition.  It might get a little bumpy for YOU personally, but the National Debt is getting so SMALL!!! 

President Obama and friends are GENIUSES!!!

CLANK, CLANK, CLANK…..enjoy the ride!!!!

Rep. Frank Pushes For Prosecutions Over Meltdown

March 26, 2009

First read this article that has been posted at CNBC.

In an interview with CNBC, Representative Barney Frank says he wants to push for prosecution of the people who caused the country’s financial meltdown.

The Massachusetts Democrat says he has no specific targets in mind, but says the most significant thing lawmakers can do is make past bad practices illegal.

Frank also said that he was glad some U.S. banks had been returning government TARP money and said that was a sign that the banks were feeling more stabilized.

Earlier in the day, Frank, who is chairman of the U.S. House Financial Services Committee, told reporters that he plans to move legislation this month on mortgage origination, predatory lending and credit cards. Vowing to turn his focus from stabilizing the financial system to reshaping it, Frank said he will hold hearings to examine creating “a strongly empowered systemic risk regulator.”

Hearings are set for March 17, 20, 24 and 26.

Frank has said in the past that he expects the Federal Reserve may be handed the new role of monitoring the financial system for risk.

Some lawmakers are concerned such duties could distract the Fed from its core role as manager of the nation’s monetary policy.

“While we will continue to work with the Obama administration on stabilization, it is now essential that we continue work on our reform agenda and address the need for financial regulatory restructuring,” Frank said in a statement distributed ahead of a news conference.

“Perhaps most importantly, the American public has the right to know what enforcement actions are contemplated against those irresponsible and, in some cases, criminal actions that lead to the current situation,” he said.

At a House financial services subcommittee hearing on Thursday, Wall Street groups agreed there should be one one risk regulator but were split on who should have that role.

The Financial Services Roundtable, which represents the largest financial services firms, advocates giving the Fed the responsibility for looking across the entire financial system and identifying risks.

But the Securities Industry and Financial Markets Association, said it has not decided whether the Fed should play that role.

The National Association of Insurance Commissioners, a collection of state regulators, oppose the creation of one super regulator.

And some key lawmakers have reservations giving the Fed more powers, citing potential conflicts with the board’s current responsibilities of setting monetary policy and supervising banks.

“Are any of you troubled with giving the Fed so much power?” asked Alabama Rep Spencer Bachus, the top Republican on the full House Financial Services committee.

Lawmakers at the subcommittee hearing also expressed reservations about rushing ahead with a plan to create a systemic risk regulator.

“We have to get this one right. We can’t just hurry to expeditiously conclude something that appears to be a fix, when it does not accomplish something of a significant nature,” said Pennsylvania Rep Paul Kanjorski, the Democratic chairman of the House subcommittee on capital markets and insurance.

http://www.cnbc.com/id/29532023

I agree wholeheartedly with this article and Rep. Frank, and since Rep. Frank does NOT(?) know where to start, let me make a suggestion. 

I believe that we should start with the criminally negligent behavior and obvious conflicts of interest that are associated with Rep. Frank.

 The following are a few links to details of the specifics.

http://www.businessandmedia.org/printer/2008/20080924145932.aspx

and from U.S. News and World Report:

These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. “The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

http://www.usnews.com/blogs/sam-dealey/2008/9/10/barney-franks-fannie-and-freddie-muddle.html

Democrat Barney Frank, then ranking member and now chairman of the House Financial Services Committee, said, “I want to roll the dice a little bit more in this situation towards subsidized housing

http://www.usnews.com/blogs/barone/2008/10/06/democrats-were-wrong-on-fannie-mae-and-freddie-mac.html

From the Boston Globe:

http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fingerprints_are_all_over_the_financial_fiasco/

And from Fox News:

Detailing the fact that Frank was dating/living with an Executive of Fannie Mae.

http://www.foxnews.com/story/0,2933,432501,00.html

And the Wall Street Journal:

http://online.wsj.com/article/SB122091796187012529.html?mod=googlenews_wsj

And the Tax Foundation:

http://www.taxfoundation.org/blog/show/23617.html

And Barney Frank was one of the Top 30 politicians receiving campaign contributions from Fannie Mae

http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html

Along with Christopher Dodd and John Kerry and (although he only voted present, so maybe this does not count) Barack Obama.

Lets start with Representative Barney Frank in front of a Congressional Inquiry and Independent Prosecuter and we will go from there.

And for those that need more information from the beginning of the problem, here is an article from the New York Times, dated 1999 (Thank you President Clinton), written by Steven Holmes.

“But the government-subsidized corporation (Fannie Mae) may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980’s.” (emphasis added)

http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&partner=permalink&exprod=permalink