Bailout failure, politics and stupidity

Yes, I am aware of the failure of the bailout. I also see where John McCain took credit for it, before it flopped. Loser

The stock losses were unbelievable. Surprise Here’s the final numbers:

Dow

10,365.45
-777.68
(-6.98%)

Nasdaq

1,983.73
-199.61
(-9.14%)

S&P 500

1,106.42
-106.59
(-8.79%)

The really stupid part about this whole thing is Democrats and Republicans are blaming one another. Which is absolutely idiotic. They should be working to find solutions, instead of pointing fingers. I mean while the people in Washington D.C. were squabbling over $700 billion, the markets lost $1.2 trillion. Folks, that’s more money than most of us will ever see in a lifetime. Money EyesHypnotized

Of course, the far left Anti-Capitalists are happy that this is happening. Which about par for the course with the Liberals. They hate anything related to Conservative values in America. Like making a profit. Waiting

Personally, I believe we need to get rid of the Federal Reserve Bank and go back to the 100% Gold Standard, that would get rid of all this excess money in our system and bring value back to the dollar. I posted a video to that effect here. Because 90% of this money, that we are losing, is China’s money. Plus, 90% cannot be backed up with gold, thereby making it valueless anyhow. I would not be surprised if China stops all money imports here. That would really put us in a bad spot. I have books on this subject are available at my blog Bookstore.

Hopefully, Congress will pass something here this week. Because sooner or later, this will begin to affect the American people. Which will not be good at all. Striaght Face

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Comedy Gold: Tina Fey’s second Sarah Palin performance

Finally, I forced myself to sit and watch the new SNL performance of Sarah Palin by Tina Fey. I normally do not watch second performances like this, because the humor usually goes stale. But in this case, this was funny. The rapid eye blinking, the silly answers, The cute when cornered answer was awesomely funny.

For what it is worth, I did not find any of this skit offensive at all. As matter of fact, if anyone in the McCain campaign thinks this is offensive, they seriously need to look into getting a sense of humor.

Here it is, in all it’s glory: 

Stay Classy G.O.P.

Via USATODAY.com:

The spokeswoman for the Republican Party in Nevada’s most populous county was removed from her post Saturday, after she said the Democratic Party made black people "dependent on the government."

Didi Lima, the Clark County GOP communications director, also was removed from her volunteer role as a Hispanic community liaison for Republican John McCain’s presidential campaign over the remarks made earlier in the day while working at a McCain campaign booth.

"We don’t want (Hispanics) to become the new African-American community," Lima told The Associated Press. "And that’s what the Democratic Party is going to do to them, create more programs and give them handouts, food stamps and checks for this and checks for that. We don’t want that."

"I’m very much afraid that the Democratic Party is going to do the same thing that they did with the African-American culture and make them all dependent on the government and we don’t want that," she said.

In August, Lima was named co-chair of McCain’s Nevada Hispanic Leadership Team, which aimed to reach out to a crucial voting bloc in a state where polls show McCain in a dead heat with Barack Obama.

Hmmmmm… She trying to imitate another famous Conservative?

Like I said, Stay classy Republicans…. 🙄 Eye-rollingRolling Eyes

Amazing: WorldNetDaily proves Barack Obama right!

Amazing

Of course, other Blogs like Hotair and Macsmind will say, "Oh, WND cannot be trusted."

Kudo’s to Farah for getting this story.

What I am referring to is, that Barack Obama is constantly said, and even said during the debate that Al-Qaeda is back to pre-9/11 status and strength. Which McCain and other Neo-Cons Deny.

The Wall Street Bailout drama continues….

Just a word of warning, I’m still nursing my first cup of coffee. Coffee-cupSleepyYawn So, hopefully, this article will make some sense. Hee hee

But the good news is, I got my emoticons back here. Dancing So, I can at least show a little emotion in my writings. Big Grin

Some people say that if you use the Emoticons, people tend to not take you as serious. Well, to that I say, well, Phbbbttt Because I feel you would not take me serious either way, if had the emoticons or not.

The “Mother of all bailouts” is creating it’s share of drama in the Blogosphere and on Capital Hill. For instance, Minority Leader John A. Boehner called the deal a “crap sandwich”. Sick and Rep. Paul Ryan, R-Wisc., ranking Republican on the House Budget Committee said of the Bill, “It sucks”. Michelle Malkin is just flat out encouraging her people to “Kill the Bill”. However, Jack Fowler at the Corner is saying:

Conservatives should support them in backing the bailout plan. And then, when that is completed, roll up our sleeves and join Cantor & Co. as they work to craft and enact a broader strategy to improve America’s fiscal health.

So, obviously, this thing is dividing Conservatives.

Another interesting tidbit of information, according to “The Hill”, Rep. Dennis Kucinich (D-Ohio). says:  “I will tell you right now I don’t know if they have votes,”  “If the votes were there, this would be on the floor. The votes aren’t there.” An interesting development indeed.

Obviously, there’s a ton of opinions and angles on this story. Most of which can be found at Memeorandum.

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Developing: Pirates who hijack Iranian ship drop dead

(H/T Little Green Footballs)

The Times of ZA-land is reporting that Pirates that have taken over a Iranian Ship have been dropping like flies.

A tense standoff has developed in waters off Somalia over an Iranian merchant ship laden with a mysterious cargo that was hijacked by
pirates.

Somali pirates suffered skin burns, lost hair and fell gravely ill “within days” of boarding the MV Iran Deyanat. Some of them died.

Andrew Mwangura, the director of the East African Seafarers’ Assistance Programme, told the Sunday Times: “We don’t know exactly how
many, but the information that I am getting is that some of them had died. There is something very wrong about that ship.”

The vessel’s declared cargo consists of “minerals” and “industrial products”. But officials involved in negotiations over the ship are
convinced that it was sailing for Eritrea to deliver small arms and chemical weapons to Somalia’s Islamist rebels.

Wouldn’t it be funny, if we busted Iran with weapons of mass destruction on a ship?

TransTerrestrial Musings
has more.

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A very interesting video on our Nation’s banking system

This video, made by the Ludwig Von Mises Institute, makes the case of why the United States of America should go to a 100% gold standard.

I highly recommend that everyone watch this video.

Also, I recommend everyone go to my bookstore and check out the section on the gold standard.

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Now here’s a smart idea….

Now the Democrats are using their brains.

U.S. Democrats seek Wall Street tax in bailout plan (Via Reuters):

Democrats in the U.S. House of Representatives are pushing for a new Wall Street tax that would cover the potential costs of a $700 billion bailout being negotiated by Congress and the Bush administration.

U.S. House Speaker Nancy Pelosi, speaking to reporters after a meeting with fellow Democrats, said the fee could be assessed after five years if the non-partisan Congressional Budget Office determined taxpayers had lost money in the bailout.

“If after five years … the CBO decides that the American taxpayer has lost money in this, then there would be a fee on financial institutions,” Pelosi said, adding that she hoped the provision could be part of a final bailout deal.

Pelosi said that the Secretary of the Treasury could determine how to assess the fee.

It is a about damn time the Democrats wised up. This would ensure that the taxpayer, (i.e. you and me) would not get stuck paying the bill on this “bail out”.

I know some traders will scream about this. But, you know what I say? screw ‘em! I say, let the assholes making the big money get the tax, instead of the working class, like me, who do not even play the markets.

I am all for free markets, but I’m also for responsibility. If greed caused all this, let the damn greedy ones pay for it in taxes, instead of the average American, like me!

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