Posts Tagged ‘ bailout ’

Free the Money – Free the People!

October 6, 2009
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Free the Money – Free the People!

I’ve been sitting on this for a month already, torn about what to do. I tried to keep this “on the down-low” – really I did! You see, I promised a certain friend that I would not publish information about a finance company that he divulged to me in a private “off the record” conversation. I just can’t do it, though. It is too important and is one of the very reasons that this country is losing jobs and facing an extended and, perhaps, far worse economic downturn than it is already facing. I am now going to leak what I was told but will not under any circumstances divulge the name of my friend or the name of the lending institution that is involved here. (Sounds fair to me!). Assume for the purposes of this post that my friend owns a trucking company. He has been in the...

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The Sheriff of Nottingham is Alive and Well!

July 16, 2009
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The Sheriff of Nottingham is Alive and Well!

We all know the story of Robin Hood. Or, at least many people think they do. They sum the story up in one simplistic line: “He robbed from the rich and gave to the poor.” It is those same simple-minded people who think the current elected government has plans to do just that. They applaud Barack Obama and their other newly elected Liberal-minded government officials who have plans to increase the taxes the evil “wealthy” people pay and give that money to the poor, starving people who, through no fault of their own, have not been able to eek out a living for themselves. Unfortunately, that simple line from the tale of Robin Hood does not do the story justice, nor does it at all depict what is happening in our states and on the national level. You see, Robin Hood did not rob from corporate CEO’s or real estate moguls. He did not...

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Monkey Business In Washington

January 21, 2009
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Monkey Business In Washington

My sister sent the following story to me. Without the permission of the anonymous author, I provide it to you, as well … Once upon a time, a man appeared in a village and announced to the residents that he would buy monkeys for $10 each. The villagers, knowing the forest was chock-full of monkeys, went into the woods and began snatching them up. The man bought tens of thousands of monkeys from them at the agreed upon $10 price but, as the supply started to diminish and it became more difficult to catch the monkeys, the villagers lost interest. Seeing this, the man decided to up his price to $50 per monkey. With increased vigor, the villagers set out anew, collecting monkeys and selling them to the man for $50. Tens of thousands of monkeys were sold to the man at the new, higher price but, once again,...

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Democrats In Power – Let The Handouts Begin!

January 6, 2009
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Democrats In Power – Let The Handouts Begin!

With only 17 days to go before the inauguration of President-elect Barack Obama, Democrats are already rubbing their hands together, eager to get their hands on as much money as they can from what will surely be one of the most irresponsible spending sprees in our nation’s history. An article that recently appeared in Reuters reports that five governors – all Democrats – have banded together, asking the federal government for a $1 trillion bailout. That money would only help struggling states remain above water until the beginning of 2010, however. They are crossing their fingers and hoping for an economic recovery by the end of the year or else they’ll be lining up, asking for more next year. How’s that for a sound fiscal plan? Democratic Governor Jim Doyle of Wisconsin said, “quite a number” of other governors are supporting the trillion dollar initiative, adding, “the Obama team...

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Barack Obama Helped Cause the Economic Crisis

October 1, 2008
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Barack Obama Helped Cause the Economic Crisis

Finally, the latest version of the “bailout” bill has removed the provision that gave groups like ACORN a 20% stake in the profits that should be going to the American taxpayers who will be funding the proposed bailout. Before getting into ACORN, however, we need to first take a look at a law passed and refined during the last two Democratic Presidents’ administrations that led directly to the United States’ current financial crisis. That law was called the Community Reinvestment Act. The Community Reinvestment Act (CRA) was passed during the Carter Administration to prevent banks from targeting only wealthier neighborhoods with their services; a practice known as “redlining.” The purpose of the CRA was to ensure that under-represented populations were able to obtain credit, including home ownership opportunities and commercial loans to small businesses. In 1993, Bill Clinton ordered new regulations for the CRA that allowed for even greater...

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