CapiSocialism

Free Market. Limited Free Market. Not Free Market. We have the Fed Chairman Bernanke and Secretary of the Treasury Paulson asking for 700 billion dollars, and yet the plan was only 3 pages long. Here it is:

Published: September 20, 2008
LEGISLATIVE PROPOSAL FOR TREASURY
AUTHORITY
TO PURCHASE MORTGAGE-RELATED ASSETS
Section 1. Short
Title.
This Act may be cited as ____________________.
Sec. 2. Purchases of
Mortgage-Related Assets.
(a) Authority to Purchase.--The Secretary is
authorized to purchase, and to make and fund commitments to purchase, on such
terms and conditions as determined by the Secretary, mortgage-related assets
from any financial institution having its headquarters in the United
States.
(b) Necessary Actions.--The Secretary is authorized to take such
actions as the Secretary deems necessary to carry out the authorities in this
Act, including, without limitation:
(1) appointing such employees as may be
required to carry out the authorities in this Act and defining their duties;
(2) entering into contracts, including contracts for services authorized by
section 3109 of title 5, United States Code, without regard to any other
provision of law regarding public contracts;
(3) designating financial
institutions as financial agents of the Government, and they shall perform all
such reasonable duties related to this Act as financial agents of the Government
as may be required of them;
(4) establishing vehicles that are authorized,
subject to supervision by the Secretary, to purchase mortgage-related assets and
issue obligations; and
(5) issuing such regulations and other guidance as may
be necessary or appropriate to define terms or carry out the authorities of this
Act.
Sec. 3. Considerations.
In exercising the authorities granted in
this Act, the Secretary shall take into consideration means for--
(1)
providing stability or preventing disruption to the financial markets or banking
system; and
(2) protecting the taxpayer.
Sec. 4. Reports to
Congress.
Within three months of the first exercise of the authority granted
in section 2(a), and semiannually thereafter, the Secretary shall report to the
Committees on the Budget, Financial Services, and Ways and Means of the House of
Representatives and the Committees on the Budget, Finance, and Banking, Housing,
and Urban Affairs of the Senate with respect to the authorities exercised under
this Act and the considerations required by section 3.
Sec. 5. Rights;
Management; Sale of Mortgage-Related Assets.
(a) Exercise of Rights.--The
Secretary may, at any time, exercise any rights received in connection with
mortgage-related assets purchased under this Act.
(b) Management of
Mortgage-Related Assets.--The Secretary shall have authority to manage
mortgage-related assets purchased under this Act, including revenues and
portfolio risks therefrom.
(c) Sale of Mortgage-Related Assets.--The
Secretary may, at any time, upon terms and conditions and at prices determined
by the Secretary, sell, or enter into securities loans, repurchase transactions
or other financial transactions in regard to, any mortgage-related asset
purchased under this Act.
(d) Application of Sunset to Mortgage-Related
Assets.--The authority of the Secretary to hold any mortgage-related asset
purchased under this Act before the termination date in section 9, or to
purchase or fund the purchase of a mortgage-related asset under a commitment
entered into before the termination date in section 9, is not subject to the
provisions of section 9.
Sec. 6. Maximum Amount of Authorized
Purchases.
The Secretary’s authority to purchase mortgage-related assets
under this Act shall be limited to $700,000,000,000 outstanding at any one
time
Sec. 7. Funding.
For the purpose of the authorities granted in this
Act, and for the costs of administering those authorities, the Secretary may use
the proceeds of the sale of any securities issued under chapter 31 of title 31,
United States Code, and the purposes for which securities may be issued under
chapter 31 of title 31, United States Code, are extended to include actions
authorized by this Act, including the payment of administrative expenses. Any
funds expended for actions authorized by this Act, including the payment of
administrative expenses, shall be deemed appropriated at the time of such
expenditure.
Sec. 8. Review.
Decisions by the Secretary pursuant to the
authority of this Act are non-reviewable and committed to agency discretion, and
may not be reviewed by any court of law or any administrative agency.
Sec. 9.
Termination of Authority.
The authorities under this Act, with the exception
of authorities granted in sections 2(b)(5), 5 and 7, shall terminate two years
from the date of enactment of this Act.
Sec. 10. Increase in Statutory Limit
on the Public Debt.
Subsection (b) of section 3101 of title 31, United States
Code, is amended by striking out the dollar limitation contained in such
subsection and inserting in lieu thereof $11,315,000,000,000.
Sec. 11. Credit
Reform.
The costs of purchases of mortgage-related assets made under section
2(a) of this Act shall be determined as provided under the Federal Credit Reform
Act of 1990, as applicable.
Sec. 12. Definitions.
For purposes of this
section, the following definitions shall apply:
(1) Mortgage-Related
Assets.--The term “mortgage-related assets” means residential or commercial
mortgages and any securities, obligations, or other instruments that are based
on or related to such mortgages, that in each case was originated or issued on
or before September 17, 2008.
(2) Secretary.--The term “Secretary” means the
Secretary of the Treasury.
(3) United States.--The term “United States”
means the States, territories, and possessions of the United States and the
District of Columbia.

To get a used car has more paperwork.

The best part is:

Sec. 8. Review.
Decisions by the Secretary pursuant to the authority of
this Act are non-reviewable and committed to agency discretion, and may not be
reviewed by any court of law or any administrative agency.

So how we got into this mess was not enough oversight. That's what was said. Now even the government doesn't want to be held accountable.

This country was based on the belief of limited government interference in the market place. Now we are becoming what we have tried to withhold from ourselves, through better or worse.

Socialism is a political philosophy advocating substantial public involvement, through government ownership, in the means of production and distribution.

"Isn't it ironic, don't you think?"

Palin and AIP Part 2

Click. Watch. Think.

Palin's Town Charged Women for Rape Exams

ANCHORAGE, Alaska (CNN) -- Alaska Gov. Sarah Palin's hometown required
women to pay for their own rape examinations while she was mayor, a practice her
police chief fought to keep as late as 2000.

A former Alaskan lawmaker
says it seems unlikely that Gov. Sarah Palin was unaware of Wasilla's
policy.

Former state Rep. Eric Croft, a Democrat, sponsored a state law
requiring cities to provide the examinations free of charge to victims. He said
the only ongoing resistance he met was from Wasilla, where Palin was mayor from
1996 to 2002.

All American Compassionate Conservative. A woman gets raped and then instead of getting proper care and attention, she is told she will have to pay for them to swipe the DNA off of her. After just being raped, a woman has to prove she was raped by paying up.

"In the past, we've charged the cost of the exams to the victim's insurance
company when possible," Fannon was quoted as saying. "I just don't want to
see
any more burden on the taxpayer."

Fannon is the Police Chief of Wasilla. So tell me, a city of 7,000 who charges rape victims for their DNA swabs and the Mayor had no idea. Insanity makes a comeback.

George Bush and Privatization of Social Security

From the White House WebSite:
As we fix Social Security, we must make it a better
deal for our younger workers by allowing them to put part of their payroll taxes
in personal retirement accounts.
Personal accounts would be entirely
voluntary.
The money would go into a conservative mix of bond and stock
funds that would have the opportunity to earn a higher rate of return than
anything the current system could provide.
A young person who earns an
average of $35,000 a year over his or her career would have nearly a quarter
million dollars saved in his or her own account upon retirement.
That
savings would provide a nest egg to supplement that worker’s traditional Social
Security check, or to pass on to his or her children.
Best of all, it would
replace the empty promises of the current system with real assets of
ownership.

Glad that didn't happen.

And Just for Show:

McCain Voted for Bush’s 2006 Social Security Privatization Plan. In 2006, McCain voted for the Social Security Reserve Fund. Have fun and thanks for Playing. [SCR 83, Vote #68, 3/16/06; SCR 83, Vote #68, 3/16/06]

Small Government, Less Regulation

The Republican Motto. Let the Market ride itself and have the government get out of the way of people's lives. Though, today he talked about making the government bigger, and far more regulation. John, you are a Democrat.

From John "The Change" McCain:

First, to deal with the immediate crisis, I will lead in the creation of the
Mortgage and Financial Institutions trust -- the MFI. The underlying
principle of the MFI or any approach considered by Congress should be to keep
people in their homes and safe guard the life savings of all Americans by
protecting our financial system and capital markets. This trust will work with
the private sector and regulators to identify institutions that are weak and fix
them before they become insolvent. The MFI is an early intervention program to
help financial institutions avoid bankruptcy, expensive bailouts and damage to
their customers. This will get the Treasury and other financial regulatory
authorities in a proactive position instead of reacting in a crisis mode to one
situation after another.

So to any Conservative who thinks he is a Conservative, my he has tricked you.

Palin Email Break-in

Word in the Conservative World, was that a nasty hacker broke into Sarah Palin's Yahoo Email Account. It was late at night between 3 and 4am. A Hacker named Anonymous, (because you know serial killers go by no name as well. who cares about glory) broke in and surprise surprise he could not find anything.

From the Australian Herald-Sun
"I am the lurker who did it, and I would like to tell the story," the person wrote. "What started as a prank was cut short because of panic over the possibility the FBI might investigate."
The hacker guessed that the Alaskan Governor, whose private life has been widely covered in the media since Republican presidential hopeful Senator John McCain asked her to be his running mate, had met her husband in high school. The person also knew her date of birth and home post code.

Using those details, the hacker tricked Yahoo's email service into assigning a
new password - popcorn - for her email account.
Yahoo has a "forgot my
password" mechanism that allows customers to retrieve or change their password
if they can verify their identity by confirming personal information such as
birthday, post code and the answer to a "secret question", such as a pet's name
or school mascot.
Mrs Palin's hacker was challenged to guess where Alaska's
governor met her husband, Todd.
Mrs Palin herself recounted in her speech at
the Republican National Convention that the pair began dating 20 years ago in
high school in Wasilla.
"I found out later through more research that they
met at high school, so I did variations of that, high, high school, eventually
hit on 'Wasilla high'," the person wrote.

So the Governor of a State has her email address that easy to break into. Seriously. It would be like Barack Obama having his password, "Change." Or John McCain having his email, never mind he stated he doesn't know how to use one of these things.

Check this out, how did the hacker get her email address. I am sure it is not SARAHPALINNRAPROLIFE@Yahoo.com. So alot of this doesn't make any sense. It's not suppose to, I guess the lipstick comment would only distract for so long. Now we have crazy liberals breaking into ultra conservatives email and violating trust.

Next week will be another distraction.

Can you feel it, can you feel it, can you feel it.

McCain and MLK

McCain Voted against MLK Day. Check the Records.

MoveOn.Org has some items on McCain that deserve reading.



MoveOn.org in an e-mail message

McCain changed position on MLK Day
The left-leaning advocacy group MoveOn.org has created an e-mail warning voters against Sen. John McCain, listing 10 things it says people might not know about him.
“Please check out the list below, and then forward it to your friends, family, and coworkers,” the e-mail says. “We can't rely on the media to tell folks about the real John McCain — but if we all pass this along, we can reach as many people as CNN Headline News does on a good night.”
Item No. 1 is about Martin Luther King Jr.
“John McCain voted against establishing a national holiday in honor of Dr. Martin Luther King Jr. Now he says his position has ‘evolved,’ yet he's continued to oppose key civil rights laws,” the e-mail states.
It's true that as a congressman in 1983, McCain voted against making Martin Luther King Jr.'s birthday a national holiday. He was on the losing end of a 338 to 90 vote in the House of Representatives.
McCain no longer stands by that vote. On April 4, 2008 — the 40th anniversary of Martin Luther King’s death — McCain said the vote was wrong in a speech he gave in Memphis, the city where King died.
“We can be slow as well to give greatness its due, a mistake I myself made long ago when I voted against a federal holiday in memory of Dr. King. I was wrong,” he said, to loud reaction from the crowd. “I was wrong, and eventually realized it in time to give full support — full support — for a state holiday in my home state of Arizona. I’d remind you that we can all be a little late sometimes in doing the right thing, and Dr. King understood this about his fellow Americans.”
So McCain did oppose the national holiday, even though he later supported the state holiday.
As for opposing key civil rights laws, McCain scores very low from two groups that rate Congress on issues involving civil rights law.
The Leadership Conference on Civil Rights rates congressmen on their voting records. For the most recent 110th Congress, it rated senators on an array of votes on such things such as immigration, voting rights, education and the judiciary. McCain scored 22 percent on his votes, voting in favor of the conference's positions twice, on immigration issues. (Sen. Hillary Clinton, on the other hand, scored 92 percent, while Sen. Barack Obama scored 100 percent. These percentages omit missed votes.)
The American Civil Liberties Union also rates McCain poorly, giving him a 17 percent rating for the 110th Congress and a 22 percent lifetime rating.

Karl Rove and McCain, The Blue Maverick, and Barack's lead in NY

"McCain has gone in his ads one step too far, and sort of attributing to Obama things that are, you know, beyond the 100-percent-truth test," said Rove. "Both campaigns ought to be careful about... there ought to be an adult who says: 'Do we really need to go that far in this ad?'" (SS at HP quoting Rove)

That is quite amazing. Karl Rove, "The Master of Puppets", "The Great Manipulator","The Stabber without a Dagger", has said the McCain Camp has gone too far. That is incredible. Though, perhaps Karl Rove doesn't think it is worth picking up John McCain. Perhaps he thinks in 4 years the Republicans will have a better shot and the Conservative Agenda can once again reign. John McCain almost became a Democrat. There is even a site for those Dems who support McCain

www.DemocratsforMcCain.com

You think that Karl Rove would help him? I don't think so. Though, lets not move too far in one direction. The Sly one always have something up his sleeve.

Barack's lead in NY is down to 5 points. There needs to be some new energy, Sarah Palin sure did that for McCain. They need not worry about Gov Palin. She has a court date soon and she'll drop out of the election...................................................
.......................................................................................................................................................................
Which maybe was Rove's idea to begin with. Re Energize the party, maintain a lead and then switch VP at last minute to a more capable conservative.

McCain's Speech

I love my wife.

I love those who went against me.

Fight!

Fight!

Fight!

Change!

Fight!

Maverick!

Love Myself+Vietnam= Love my Country

Sarah!

Sarah!

Sarah!

That about covers it.

Palin and AIP

The Alaskan Independence Party has been advocating for Alaska secession from the US for over 30 years. In truth, Sara Palin was not actually a member (Lynette Clark, Chair of the AIP says she was.) The proven fact though is someone kind of close to her was, her husband. How could someone be running for the VP of the US and be associated with a group that calls for the destruction of the United States. It amazes me about how much I am not hearing this. This is all proven by public record.

It just seems the more we learn about this potential VP, and her past involvement in a Secession movement, the more we should fear her agenda.

A quote we often hear from a Mr. Obama,

"We are not Red States, or Blue States, We are the United States of America."

I think Ms. Palin disagrees.

If you have time and would like to visit the site of AIP, you'll be interested in knowing they have a quote on there by Jefferson Davis and other honorable gentlemen. Sick.


UPDATE: The Jefferson Davis quote disapperaed. Imagine That.