Still wrestling with Vista Ultimate 64 bit…and if you don’t know what that means….

October 3, 2008

…count yourself lucky.

We are all lucky folks like Heidi Li exist and more are speaking out about the current politics being practiced by all those ‘running for President’.

Here’s the lede in para which is a Thurgood Marshall quote. Black dude ya know….

Certain people have a way of saying things that shake us at the core. Even when the words do not seem harsh or offensive, the impact is shattering. What we could be experiencing is the intent behind the words. When we intend to do good, we do. When we intend to do harm, it happens. What each of us must come to realize is that our intent always comes through. We cannot sugarcoat the feelings in our heart of hearts. The emotion is the energy that motivates. We cannot ignore what we really want to create. We should be honest and do it the way we feel it. What we owe to ourselves and everyone around is to examine the reasons of our true intent.”
–attributed to Thurgood Marshall

Clik on thru to read the rest. She pretty much catches what I find so wrong and dishonest about ‘The Precious’. Sadly, it becomes more evident every day how lacking in real leadership our nation is. I suppose it’s a good thing Obama is so lacking in that skillset.

Otherwise we’d really be in trouble.


Progressives in Congress show the right way to ‘right the market’.

October 1, 2008

Dear Democratic Colleague:

The House of Representatives rejected the $700 bailout yesterday. Distinguished economists across the world have stated it would not have solved the problem at hand. However, we can potentially solve this liquidity problem at little cost to the taxpayer. I am proposing that Congress drop the Paulson Plan, and instead pass the No BAILOUTS Act. The No BAILOUTS Act provides an alternative to the Paulson Proposal to address the current credit crunch. Once Congress addresses the liquidity shortfalls in our financial markets, a Democratic Congress can turn to Democratic solutions to address the broader economic crises we face today. Specifically, Congress can work to resolve the housing crisis across the country and pass effective job stimulus, which is the response Main Street America expects and deserves.

While Democrats and Republicans may disagree on the underlying solutions to solve the economic crises we face, the No BAILOUTS Act – a regulatory based proposal – has the potential for significant bipartisan support.

The Paulson Premise Flawed

Simon Johnson, a former chief economist as the International Monetary Fund, stated today in the New York Times of Paulson’s plan, “It’s our view that this package, in a fundamental sense, will not solve the problem.” Other economic analysts noted yesterday that the credit markets around the world were almost entirely dysfunctional even when political leaders and investors assumed that Congress had reached a deal and would easily approve the bailout. There is no reason to believe Paulson’s plan will work.

Alternatives

We have credible alternatives to the Paulson/Bush $700 billion gamble. William Isaac, the chairman of the FDIC during the previous worst financial crisis in the United States during the 1980s, believes Congress can address the current crisis with simple changes to Securities and Exchange Commission (SEC) rules. Mr. Isaac points out that while we face serious financial challenges today, many banks are still in good shape. This allows Congress to take swift, uncomplicated steps to ensure the financial markets return to working order. After that, we can work to resolve the housing crisis and pass effective job stimulus.

Today I am offering an alternative to the Wall Street bailout that will correct the capital shortfalls experienced by many financial institutions and help protect the integrity and quality of the securities market. My plan could be implemented promptly meeting the demands of the Bush Administration to act immediately without putting the American taxpayer on the hook for billions of dollars.

No BAILOUTS Act

Bringing Accounting, Increased Liquidity, Oversight and Upholding Taxpayer Security

1) Require the Securities and Exchange Commission (SEC) to require an economic value standard to measure the capital of financial institutions.

This bill will require SEC to implement a rule to suspend the application of fair value accounting standards to financial institutions, which marks assets to the market value, no matter the conditions of the market. When no meaningful market exists, as is the current market for mortgage backed securities, this standard requires institutions to value assets at fire-sale prices. This creates a capital shortfall on paper. Using the economic value standard as bank examines have traditionally done will immediately correct the capital shortfalls experienced by many institutions.

2) Require the Securities and Exchange Commission to restricting naked short sells permanently

This bill will require SEC to implement a rule that blocks naked selling, selling a stock short without first borrowing the shares or ensuring the shares can be borrowed. Such practices many times harm the companies represented in the sales and hurt their efforts to raise capital. There is no economic value produced by naked short sales, but significant negative effects.

3) Require the Securities and Exchange Commission to restore the up-tick rule permanently.

This bill will require SEC to implement a rule that blocks short sales without an up-tick in the market. On September 19, 2008, the SEC approved a temporary pause of short selling in financial companies “to protect the integrity and quality of the securities market and strengthen investor confidence.” This rule prevents market crashes brought on by irrational short term market behavior.

4) “Net Worth Certificate Program”

This bill will require FDIC to implement a net worth certificate program. The FDIC would determine banks with short-term capital needs and the ability to financially recover in the foreseeable future. For those entities that qualify, the FDIC should purchase net worth certificates in these institutions. In exchange, these institutions issue promissory notes to repay the FDIC, counting the amount “borrowed” as capital on their balance sheets. This exchange provides short term capital, with not cash outlay. Interest rates on the certificates and the FDIC notes should be identical so no subsidy is necessary.

Participating banks must be subject to strict oversight by the FDIC including oversight of top executive compensation and if necessary the removal of poor management. Financial records and business plans should be subject to scrutiny while participating in the program.

In 1982, Congress approved a program, known as the Net Worth Certificate Program, that allowed banks and thrifts to apply for immediate capital assistance. From 1982 to 1993, banks with total assets of $40 billion participated in the program. The majority of these banks, 75%, required no further assistance beyond the certificate program.

5) Increase the FDIC Insurance limit from $100,000 to $250,000.

The bill will require the FDIC raise its limit to provide depositors confidence that their money is safe and help eliminate runs on banks which are destabilizing to the industry.

Sincerely

Peter DeFazio

Member of Congress

Call your congress person and demand they support this instead of George The Robber and Nancy the Fluffer’s giveaway to the rich. It’s your’s and your grandchildren’s money they want.

Tell them NO!


I’m Back….

September 26, 2008

…still some thinking to do but nope I have not changed my opinion about.

Obama.

The ‘Democrat’ Party

Drinking Liberally…

So called ‘fellow progressives’

The real battle is about to begin and I intend to work so that it is not for the crumbs from our masters tables. The nation is on the brink of the abyss with few of talent or principle to lead us. Indeed the times call for a new paradigm.

One sans such ‘leaders’ as George W. Bush, Barrack Obama, Nancy Pelosi, Diane Feinstein, Harry Reid. And no we don’t need suc as Marko Moulitas, Chris Bowers, Jeralyn, Josh Marshall and the rest of the self-appointed, now discredited, ‘leaders’ of  Left Blogistan.

Look for changes here soon.


Another One Under the Bus!

August 16, 2008

Under the bus they go,
Their transgression they may not know!
But….
It’s under the bus they go.

The wheels go round an round,
His hectoring voice never ceases to pound!
Fail him and you know…
It’s under the bus you’ll go!

Worst of all is to be one who really can do,
To Barry that’s an insult, an insult to be too blue!
So….
It’s under the bus you will go.

Red is the color he likes the best!
Pay attention to his behest….
Never show what you know,
Or, it’s under the bus you will Go!

I could go on like this all night. Barry is such rich mine of material for satire it’s just ridiculous. But….

You guessed it.

Not as ridiculous as this.

Still think Barkey is a Democrat?


Is this a free country or what?

August 12, 2008

Turns out….not so much……….

If you don’t like Senator Obama you really, really need to STFU!


I was a John Edwards supporter….

August 8, 2008

I still do support his efforts to fight poverty and speak out against corporate American fascism.

Sadly, he’s compromised himself in our up is down political world where is is a much more heinous crime to fuck someone besides your wife that it is to engineer a pointless war and occupation which has killed over….wait for it…

One million Iraqis.

I always was mystified as to why Edwards quite before the primary circus hit CA. I didn’t know anyone, that’s right, anyone who would not have voted for him.

I guess we know now why he refused to enter the state.


I Am Working on Some Energy Posts…Honest!

August 6, 2008

In fact this is one and it’s about one of the most important events in recent years where….you guessed Democrats, on in particular, did the El Foldo and let Big Oil fuck you jes one more time.

Watch this and see….

Use your Windows Media Player to do so. Sorry, WP coding for this is just stupid…or I am. Take your pick. But watch the damn clip.