Saturday, November 7, 2009

Blue Dog or Lap Dog?









They numbered far fewer than the thousands that turned out Thursday, but the several hundred protesters who attended the second so-called “House call” against Democrats’ health care bill sure were feisty.

At the slightest provocation, the crowd broke into chants of “Kill the bill.” They roared for Rep. Michele Bachmann (R-Minn.), the force behind the original protest, and even louder for Rep. Joe Wilson (R-S.C.), of the infamous “you lie!” outburst.

They carried American flags, yellow “don’t tread on me” flags and a variety of homemade signs proclaiming the group’s dislike for the health care bill and Democrats in general. “Obama is not my dictator,” read one held by a young boy. “Which one are you drinking?” asked another, with a picture of a tea bag beside the Kool Aid jug.

When Rep. Pete Sessions told the crowd that not only was he voting no on the health care bill, but “I wish there was a place for ’hell no!’” they started chanting that, too.

The dozen or so Republicans who spoke told the assembled protesters that the bill would raise their taxes, destroy their freedom and put the country on a path toward socialism.

“I did not spend four years in the army to call you comrade!” Rep. Louie Gohmert of Texas yelled, his voice sounding on the edge giving out altogether.

“They want to enslave you and me, and I won’t let them,” Rep. John Shadegg (R-Aris.) told the crowd.

Several speakers actively baited Blue Dog Democrats, many of whom remain undecided about the bill. “There are some sincere people who think they’re conservatives. Well, this is the day they can show: Are they a Blue Dog or are they a lap dog,” said Wilson.

http://www.politico.com/


© Janet Crain

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Tuesday, November 3, 2009

Fox or Not? Vote now!!!!!!!!!!!


If you haven't heard this, the White House is accusing FOX News of not being a legitimate source of news, calling them biased, etc. They have tried to block FOX reporters from news conferences, etc., but the other news networks are fighting back (in favor of FOX) and caused the White House to back down. National Public Radio (NPR) has put a survey online for us to voice our opinion. Currently it is 16% in favor of the White House, and 83% in favor of FOX News. Show them how you feel about honest conservative news reporting. Go to the link below and cast your vote.

Vote now to keep the airways FREE!!!!!!!!!!!!

http://www.npr.org/blogs/thetwo-way/2009/10/in_white_house_vs_fox_news_war.html



© Janet Crain

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Tuesday, October 27, 2009

Then and Now in the Democratic Party


Great orators of yesterday's Democratic Party:

'One man with courage makes a majority.' - Andrew Jackson

'The only thing we have to fear is fear itself.' - Franklin D. Roosevelt

'The buck stops here.' - Harry S. Truman

'Ask not what your country can do for you; ask what you can do for your country.' - John F. Kennedy

And from today's Genius Democrats

'It depends what your definition of 'Sex' is?'' - Bill Clinton

'That Obama - I would like to cut his NUTS off.' - Jesse Jackson

'Those rumors are false .... I believe in the sanctity of marriage.' - John Edwards

'I invented the Internet' - Al Gore

'The next Person that tells me I'm not religious, I'm going to shove my rosary beads up their ASS.' - Joe Biden

' America is -- is no longer, uh, what it--it, uh, could be, uh, what it was once was... uh, and I say to myself, 'uh, I don't want that future, uh, uh for my children.' - Barack Obama

'I have campaigned in all 57 states. - Barack Obama (Quoted 2008)

'You don't need God anymore, you have us Democrats.'- Nancy Pelosi (Quoted 2006)

'Paying taxes is voluntary.' - Sen. Harry Reid

'Bill is the greatest husband and father I know. No one is more faithful, true, and honest than he.' - Hillary Clinton (Quoted 1998)

HOW LUCKY CAN WE BE TO HAVE SUCH BRILLIANT MINDS IN CHARGE OF OUR IMPERILED COUNTRY?




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Saturday, October 24, 2009

History's Biggest Rip Off...........

by Janet Crain
If anyone doubted that the Stock Market Crash in September 2008 which caused so many damaging repercussions, was manipulated, maybe this article will change their mind.



On Tuesday, March 11th, 2008, somebody — nobody knows who — made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Stearns would lose more than half their value in nine days or less. It was madness — "like buying 1.7 million lottery tickets," according to one financial analyst.

But what's even crazier is that the bet paid.

At the close of business that afternoon, Bear Stearns was trading at $62.97. At that point, whoever made the gamble owned the right to sell huge bundles of Bear stock, at $30 and $25, on or before March 20th. In order for the bet to pay, Bear would have to fall harder and faster than any Wall Street brokerage in history.

The very next day, March 12th, Bear went into free fall. By the end of the week, the firm had lost virtually all of its cash and was clinging to promises of state aid; by the weekend, it was being knocked to its knees by the Fed and the Treasury, and forced at the barrel of a shotgun to sell itself to JPMorgan Chase (which had been given $29 billion in public money to marry its hunchbacked new bride) at the humiliating price of … $2 a share. Whoever bought those options on March 11th woke up on the morning of March 17th having made 159 times his money, or roughly $270 million. This trader was either the luckiest guy in the world, the smartest son of a bitch ever or…

Or what? That this was a brazen case of insider manipulation was so obvious that even Sen. Chris Dodd, chairman of the pillow-soft-touch Senate Banking Committee, couldn't help but remark on it a few weeks later, when questioning Christopher Cox, the then-chief of the Securities and Exchange Commission. "I would hope that you're looking at this," Dodd said. "This kind of spike must have triggered some sort of bells and whistles at the SEC. This goes beyond rumors."

Cox nodded sternly and promised, yes, he would look into it. What actually happened is another matter. Although the SEC issued more than 50 subpoenas to Wall Street firms, it has yet to identify the mysterious trader who somehow seemed to know in advance that one of the five largest investment banks in America was going to completely tank in a matter of days. "I've seen the SEC send agents overseas in a simple insider-trading case to investigate profits of maybe $2,000," says Brent Baker, a former senior counsel for the commission. "But they did nothing to stop this."

The SEC's halfhearted oversight didn't go unnoticed by the market. Six months after Bear was eaten by predators, virtually the same scenario repeated itself in the case of Lehman Brothers — another top-five investment bank that in September 2008 was vaporized in an obvious case of market manipulation. From there, the financial crisis was on, and the global economy went into full-blown crater mode.

Like all the great merchants of the bubble economy, Bear and Lehman were leveraged to the hilt and vulnerable to collapse. Many of the methods that outsiders used to knock them over were mostly legal: Credit markers were pulled, rumors were spread through the media, and legitimate short-sellers pressured the stock price down. But when Bear and Lehman made their final leap off the cliff of history, both undeniably got a push — especially in the form of a flat-out counterfeiting scheme called naked short-selling.

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What really happened to Bear and Lehman is that an economic drought temporarily left the hyenas without any more middle-class victims — and so they started eating each other, using the exact same schemes they had been using for years to fleece the rest of the country. And in the forensic footprint left by those kills, we can see for the first time exactly how the scam worked — and how completely even the government regulators who are supposed to protect us have given up trying to stop it.


© Janet Crain

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Tuesday, October 13, 2009

Beware of Greeks bearing gifts............


Published: October 13, 2009

WASHINGTON — The Senate Finance Committee voted on Tuesday to approve legislation that would reshape the American health care system and provide subsidies to help millions of people buy insurance, as Senator Olympia J. Snowe, Republican of Maine, joined all 13 Democrats on the panel in support of the landmark bill.


Stephen Crowley/The New York Times

Senators Olympia J. Snowe, Orrin G. Hatch and Charles E. Grassley, during the Senate Finance Committee's hearing on health care reform on Tuesday.

The vote was 14 to 9, with all of the other Republicans opposed.



© Janet Crain

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