Krugman on McCain and Healthcare

This From His Blog:

Here’s what McCain has to say about the wonders of market-based health reform:

“Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation.”

So McCain, who now poses as the scourge of Wall Street, was praising financial deregulation like 10 seconds ago — and promising that if we marketize health care, it will perform as well as the financial industry!

Ouch! That was tough.

There is no denying it. The Republican Party is the wrong side of all the issues. I’ll be the first to admit this. Especially the economy. I know, many people within that party will deny this, but it is true. However, I will say this also. It is because of recklessness in both parties, Democrats and Republicans both, and yes, that does include the Clinton Administration as well, that we’re in the situation we are in now.  

I just hope that the powers that be, will make decisions for the well being of the country and will put partisan politics aside.

Technorati Tags: , , , , , , ,

End of Day Market Numbers

As I reported earlier. It was going to be a bad day on the stock market. Unfortunately, I was right.

Market Chart

Dow

10,917.51
-504.48
(-4.42%)

Nasdaq

2,179.91
-81.36
(-3.60%)

S&P 500

1,192.69
-59.01
(-4.71%)

10y bond

3.39%
-0.15
(-4.24%)

USD-Euro

0.7044
+0.0004
(0.06%)

USD-Yen

  • 105.8300
    -1.8000
    (-1.67%)

USD-GBP

0.5587
+0.0007
(0.13%)

Hopefully tomorrow will be better for everyone.

Technorati Tags: , , , , , , , , , , , , , , ,

A possible dicey day on Wall St.

I knew about the problems that were happening over on Wall Street and in the banking world. I was just unaware of just how bad it is.

It turns out, that it is really bad. I mean, really seriously bad!

The Wall Street has a great Video and Story up over on their site.

Here’s the Video:

Quote from WSJ:

The American financial system was shaken to its core on Sunday. Lehman Brothers Holdings Inc. said it would file for bankruptcy protection, and Merrill Lynch & Co. agreed to be sold to Bank of America Corp.

The U.S. government, which bailed out Fannie Mae and Freddie Mac a week ago and orchestrated the sale of Bear Stearns Cos. to J.P. Morgan Chase & Co. in March, played much tougher with Lehman. It refused to provide a financial backstop to potential buyers. Without such support, Barclays PLC and Bank of America, the two most interested buyers, walked away. Barclays said Monday it pulled out of the potential deal after deciding it wasn’t in the best interest of shareholders.

Late Sunday night, Lehman said it intends to file for protection under Chapter 11 of the U.S. Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York. Lehman said none of the broker-dealer subsidiaries or other subsidiaries of LBHI will be included in the Chapter 11 filing and all of the broker-dealers will continue to operate. Customers of Lehman Brothers, including customers of its wholly owned subsidiary, Neuberger Berman Holdings LLC, may continue to trade or take other actions with respect to their accounts, Lehman said.

On Sunday night, Bank of America struck an all-stock deal to buy Merrill Lynch for $29 a share, or $50 billion.

Though it steered clear of a bailout, the Federal Reserve is expected to take new steps to stabilize the broader financial system. These steps, expected to be temporary, would make it easier for banks and securities firms to borrow from the central bank by using a wider range of collateral. Bankers say these financial institutions might need short-term funds as they unwind their many trading positions with Lehman.

While I do not have anything invested on Wall Street, I know people who do, in fact, my parents have stock options in G.M. So, this may just affect them. I will be watching this story all day today. This Blog is mainly politics, but I also Blog about other news stories of interest. Anyhow, this could trigger panic selling everywhere and could trigger a massive crash of the stock market, rivaling the crash of the 1930’s or at least rivaling the mini-crash of the 1980’s.

I do realize that the FDR did put some protection in our bank system to prevent another major crash, as to just good those protections are, we will see I suppose. I do not claim to be a banking nor financial expert. But I can see the panic in the eyes of those men that made that video. So, I expect a horrible day on the stock market.

Of course, our communist liberals, especially the far left with their anti-capitalist mentality, will be cheering this little misfortune. I’m sure that B. Hussein Obama will be saying stuff like, “They deserve to be punished, for making the little people suffer!” and “It was George W. Bush’s fault that the stock market crashed!”

On the other hand, John McCain will most likely make some rather stupid comment and then blame his time as a P.O.W. on his idiotic gaffe. Like he always does. 🙄

Either way, this story is going to be interesting to follow. Stay tuned. 

Update: Michelle Malkin says “The Fit has hit the shanIndeed. But she also says:

And now is the time where I get to say, “See, I told you so.” From March 17, 2008, as the Bear Stearns bailout was underway:

I warned from the start of stimulus-palooza that we were headed in this direction. Both political parties support these massive government interventions–from empowering judges to meddle with private contracts to backing billions in mortgage securities. This isn’t the last step. It’s the first. And you know who will end up getting screwed: The responsible and the frugal.

True Michelle, But don’t you think that Mr. “Nation of whiners“, has to share some of the blame, because of his lobbying for the deregulation of the housing industry? Which caused all of this in the first place? I think so. What is really known, is the fact that it is going to get a hell of lot worse, before it gets any better. *gulp!*

Technorati Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Bob Barr, The Right Choice for America…..

Bob Barr For President 2008

So far, Bob Barr has raised $836, 686, 52.

Join Bob Barr’s effort to retake America. Donate today

Technorati Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Rachel Maddow, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

A movie that every American should watch, before voting

(H/T to AP at Hotair.com)

This movie, if it caught on in the Media would ruin Obama’s chances of being elected President.

Trailer 1:

Trailer 2:

Wow…. I don’t think Barry will have to worry about snipers. He’d better worry about this movie.

Technorati Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Blogs for Borders! 08/11/08

Our weekly vlog — podcast on illegal immigration and border security. In this weeks edition…

You Do The Math: Do employers know they’re hiring illegals? We investigate.

MJ responds to a charge of…sexism?

100% Preventable! Americans continue to pay the bloody price for open borders. When will the madness end?

Download for your Ipod here.

Make sure to visit our sponsor….

Click on image

If you’d like to sponsor a show contact us here.

This has been the Blogs For Borders Video Blogburst. The Blogs For Borders Blogroll is dedicated to American sovereignty, border security and a sane immigration policy. If you’d like to join find out how right here.

Technorati Tags: , , , , , , , , , ,

Trackposted to Mark My Words, A Blog For All, Right Truth, DragonLady’s World, Shadowscope, The Pink Flamingo, Cao’s Blog, Democrat=Socialist, and Stageleft, thanks to Linkfest Haven Deluxe.

Linkfest Haven, the Blogger's Oasis

Excellent Reading: Chuck Baldwin Says.. "Save The Planet? How About Saving The Republic?"

I post these here, because I believe Chuck Baldwin is a honest voice within the Conservative Community.

Save The Planet? How About Saving The Republic?
By Chuck Baldwin
July 30, 2008

This column is archived at
http://www.chuckbaldwinlive.com/c2008/cbarchive_20080730.html

Yesterday, the Politico quoted House Speaker Nancy Pelosi as saying, "I’m
trying to save the planet; I’m trying to save the planet." She was
responding, of course, to pressure that she and her fellow Democrats are
experiencing to suspend a congressional ban on offshore oil drilling in the
face of skyrocketing energy prices. It would be really wonderful, however,
if the liberal congresswoman could get as energized about saving our once
great republic.

Herein lies another problem: the vast majority of our politicos (from both
major parties) do not even seem to know what kind of country the United
States was designed to be. Virtually every reference made to the United
States by our civil magistrates is that we are a "democracy." That’s odd;
someone should have told our Founding Fathers, because they emphatically
rejected the concept of creating a "democracy" in favor of creating a
constitutional republic.

Has anyone quoted the Pledge of Allegiance lately? Does it say, "And to the
democracy for which it stands"? Or does it say, "And to the republic for
which it stands"? Of course it says "republic."

At the conclusion of the Constitutional Convention, a passerby asked
Benjamin Franklin, "Well, Doctor, what have we got–a republic or monarchy?"
Franklin replied, "A republic–if you can keep it."

Ladies and Gentlemen, that is the sixty-four million dollar question: Can we
keep our republic? Can we keep our constitutional form of government? Can we
keep our constitutionally protected liberties?

In Federalist No. 10, James Madison ("The Father of the U.S. Constitution")
said, "[D]emocracies have ever been spectacles of turbulence and contention;
have ever been found incompatible with personal security or the rights of
property; and have in general been as short in their lives as they have been
violent in their deaths."

The fear of what happens to freedom and liberty under democratic rule is
what prompted Madison and the rest of America’s founders to labor so hard to
create what they did: a constitutional republic.

Under God, it is allegiance to the Constitution that has preserved our
liberties, our peace and happiness, our security, and our very way of life.
Furthermore, it is the repudiation and rejection of constitutional
government that is responsible for the manner in which these very same
blessings are currently being lost.

Someone needs to remind Rep. Pelosi that it is not her duty (nor does she
have the power) to "save the planet." And by the same token, someone needs
to remind Senators Barack Obama and John McCain that they are not
campaigning to be President of the World, but President of the United
States.

What every elected officeholder is expected and required to do is very
simple: they are required to preserve, protect and defend the Constitution
of the United States of America. Period. End of story.

Our public servants are not charged with saving the snail darter or the
Spotted Owl, or saving the profits of the international bankers, or saving
Wall Street in general, or saving the perks of corporate lobbyists, or
saving Freddie and Fannie, or saving the peoples of the world from all the
bogeymen, or even saving humankind or the planet itself. What our public
servants are charged with, however, is preserving (saving) our
constitutional republic.

Of course, the problem is, the people who are charged with the preservation
of our republic are the ones who are the most responsible for its
destruction. The American people have far more to fear from Nancy Pelosi,
Barack Obama, and John McCain than they do from any foreign adversary,
because our leaders have proven that they have absolutely no fidelity to the
principles of constitutional government. They have no compunction about
eviscerating the protection of our freedoms, or about abolishing the
vanguard of our liberties. They are Machiavellian, making King George of old
look like a mere amateur.

No, I take that back. It is not our civil magistrates who are most
responsible for the destruction of our republican form of government: it is
"We the people."

At the end of the day, it is the responsibility of the people to govern
themselves. We must be willing to hold our civil magistrates accountable to
the contract they made with us, which is to uphold constitutional
government. It is our duty to "throw off" any system of government that does
not secure our liberties and protect our constitution. And this we have not
done.

Christian pastors and ministers have failed us. The "Religious Right" has
failed us. College professors have failed us. High School teachers have
failed us. Newspaper editors and publishers have failed us. TV news anchors
and reporters have failed us. Parents have failed. Friends have failed. The
two major political parties have failed. As a whole, no one is talking
about, or even thinking about, the loss of constitutional government,
national independence, and sovereignty. Few seem even conscious that this is
taking place.

Worrying about which major party wins a general election is like worrying
about whether Coke or Pepsi sold more soft drinks last month. Pick your
poison. One is just as bad as the other. Neither has any fidelity to the
Constitution or to the principles of liberty, which it represents. Both John
McCain and Barack Obama are enemies to constitutional government. Both are
in the process of sacrificing our national sovereignty to global entities.
Both men lied when they took an oath to preserve and protect the
Constitution. So, why should we care which impostor wins the election?

It is up to the American people to enforce constitutional government. From a
Christian perspective, it is "We the people" who are the "powers that be" in
Romans chapter 13. Under our form of government, the source of authority and
the source of legitimacy reside with "We the people." We are not the slaves
of any king or despot. Our elected leaders are public servants, not private
masters. In a nutshell, they work for us. They are contracted to preserve
our liberties and our way of life. When they fail, they must answer to us.

So, when will the American people pick themselves up by the bootstraps and
start acting like free citizens and stop groveling before these imbecilic
political parties? When will we set this political house in order?

Of course, all of this demands that each of us understands constitutional
government and the principles upon which liberty rests. It also demands that
each of us be prepared to do whatever is our personal duty to preserve this
republic.

Patriotism is more than waving a flag on July 4th, or singing The National

Anthem at a ball game, or wearing a flag lapel pin on Flag Day. For an
American, real patriotism means that we are willing to preserve and protect
our constitutional republic. Remember, Franklin’s answer: "A republic–if
you can keep it."

Nancy Pelosi can talk about saving the planet all she wants to: her duty,
however, is to preserve, protect, and defend the U.S. Constitution. And that
is also the job of every single American citizen. Unfortunately, most of us
are no better at doing our job than Pelosi is at doing hers.

Chuck Baldwin’s Website
Chuck Baldwin For President 2008

Technorati Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

A article that I think everyone needs to read.

I think all Americans should read this.

“Obama ain’t black.”

I turned to look over my shoulder to see who had uttered that ridiculous statement.

“Pardon Me?” I squinted at the dark-skinned man who had just interjected himself into my over-coffee conversation with my buddy, Kevin.

“Obama ain’t black.” He said again more matter-of-factly as he walked around the porcelain dividing wall and stood at our table where he could be more active in our conversation.

“My name’s Andree,” he said as he extended his hand. “I couldn’t help but hear what you boys had been discussin’ and I don’t mean to stick my nose in where it don’t belong, but I couldn’t leave without settin’ you straight. Obama ain’t black.”

I looked at Kevin as he shifted nervously in his seat, not sure how to take this visitor to our table.

“Well, have a seat Andree,” somewhat trying to judge the book by its cover. “I’m Dave, but most folks call me Coach, and this is Kevin.” Kevin extended his hand politely.——- Click the link to read the rest of Conveniently Black by Dave Daubenmire (via NewsWithViews.com

I will simply say the following, that it is pretty telling when Obama is doing better in White America, out in places where blacks are in rare supply, than he is in the more urban communities.

I don’t have much to add to this article… Because Dave says it all in this article. Enjoy.

Technorati Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The Truth about ANWR

(H/T and Thanks to Senate Conservatives)

Tell everyone you know about this video. It is important that everyone know, how the Democrats are lying about ANWR.

Technorati Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,McCain , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,