Can you name this weasel?
NC Sez: Call your Congress Critter today! (202) 224-3121 or go to the website: http://www.house.gov/
What is Fascism? The American Heritage® Dictionary defines it as: The tenets of a centralized (aka universal, nationalized and centralized–my emphasis) totalitarian and nationalistic government that strictly controls finance, industry, and commerce, practices rigid censorship and racism, and eliminates opposition through secret police.
I hope you proletarians are being productive because we have a 7 trillion dollar debt to pay off for those dopes out there who bought a house they couldn’t afford! Welfare whiners are depending on ya, so stay productive!
“I’ve been in Congress for 26 years,” stated Chris Dodd (D). It’s time for TERM LIMITS for CONGRESS CRITTERS
Mad as Hell & I hope You Aren’t Going to Take It! Click here >> mad-hell
The existing debt is almost 10 trillion $$ and now this whole idea that we have to do a fascist bailout infuriates me. That’s 700 billion on top of the 10 trillion. So in the end each person in America will owe nearly 100K to pay it off. And since we know each person can’t pay for their own part, then that leaves the sucker taxpayer who has to come up with 100K for each person assuming that there are 150 million taxpayers in America to bail out rich bankers and foreign lenders! And what about the interest on the bailout? Who’s giving us all of this money? The Chinese and Saudis. So that means 6000 $$ a year for each taxpayer or 500 bucks a month taken out of our pockets just to pay interest alone! And all to pay foreign lenders and bankers. How’s that make ya feel, people!
Fannie Mae was created in 1938 as part of Franklin Delano Roosevelt’s New Deal. The collapse of the national housing market in the wake of the Great Depression discouraged private lenders from investing in home loans. Fannie Mae was established in order to provide local banks with federal money to finance home mortgages in an attempt to raise levels of home ownership and the availability of affordable housing.
For the first thirty years following its inception, Fannie Mae held a veritable monopoly over the secondary mortgage market. In 1968, due to fiscal pressures created by the Vietnam War, Lyndon B. Johnson privatized Fannie Mae in order to remove it from the national budget. At this point, Fannie Mae began operating as a GSE, aka a government sponsored enterprise; generating profits for stock holders while enjoying the benefits of exemption from taxation and oversight as well as implied government backing. In order to prevent any further monopolization of the market, a second GSE known as Freddie Mac was created in 1970. Currently, Fannie Mae and Freddie Mac control about 90 percent of the nation’s secondary mortgage market.
So, this is a tax payer guaranteed profit making machine for its investors, but the taxpayers only get the bill now that they have failed. The taxpayers haven’t seen any profits, but we assume the full liability.
Also, note, if this wasn’t a GSE, a portion of these profits on this tax payer guaranteed investment vehicle could have been paying into the Social Security trust fund; which, by the way, FDR created, but it was then called State Old Age Pensions, and thus it offset and relieved millions of American employees from paying a large portion of the burdens of the FICA thefts from their family paychecks. Now we are guaranteeing private profits with no accompanying risk, and yet the taxpayer sees only the risk and no profit.
This is the epitome of blatant fascism. I’m not trying to be hyperbolic, this is simply a fact. There is no way this cannot be! It’s private benefit at public expense. It’s wrong no matter how you cut it. We’re loaning money to people who otherwise can’t afford to buy a house. Not only is this so unfair, but the purpose is to further install & entrench the government machine and teach people that the American Dream is no longer about self-improvement, or about reaching your own goals; but rather that the government is your teat! But really, they’re only sucking off the taxpayer teat! Think about this: The gov’t guarantees loans to people who otherwise can’t make it in the real world financial market. It was a bad quick fix during the depression, and here we are 70 years later being stuck with this bill! To paraphrase the “former” pastor of a current presidential candidate, the chickens of socialism really are coming home to roost! It’s like FDR and his commie programs just won’t die! And, also realize the “D” word is creeping up from the sludge! D = Depression.
It’s bad enough because house flippers, nimrods and loan sharks borrowed money they couldn’t pay back. It’s bad enough that we allow one group of Americans & don’t forget the illegals to legally plunder another group of hard working Americans,
This is what nations go to war over!
Here’s a quick story as an example to show you what I mean: I was watching Larry King a couple of weeks ago. And Ed McMahan and his wife were on the show. You’re not going to believe this: Eddie boy was whining because him and his wife were losing their Mansion to foreclosure because he admittedly bought a house he didn’t have the money for! I kid you not. He actually was on the show admitting that he bought a mansion he couldn’t afford! McMahan is on the show whining that although he bought a house he couldn’t afford, the gub’ment should step in and do something about it! Do something about what? Your stupidity? Your selfishness? We’re bailing you out, and you’re a freakin’ millionaire?!
This kommie way of life doesn’t work! And now it has killed our economy. This is what the kommies have wanted all along and not a single shot was fired. Once FDR was in office, America breathed her last breath!
Have we lost our minds? I think postmodernism has redefined the American dream. We’re living off of credit cards! Americans think having crap is the American dream. The government has to borrow money from China so you can receive a check in the mail so you can buy more what? Chinese made crap?!
Check this out: Citicorp was teetering, so they sold a major portion of their shares to Arabian thiefdoms and other foreign interests. Yes, there is only a 5% share limit per foreign investor, but the precedent has been set and these foreign interests are indirectly holding an interest in the Fed and consequently in American monetary policy.
So does that make ya all feel warm and fuzzy? Do you really think Kongress Kritters are going to fix what’s been going on since FDR? Especially since an elected person can go into Congress as a middle class person and come out wealthy? Hell no, they aren’t going to fix it! It ain’t broke for them!
Ya know what’s even more infuriating is that the Kongress Kritters, and I’m also talking about Syrian sister Pelosi, that traitor, (and let me remind you that currently Kongress has the lowest approval rating in American history) actually believes that they’re going to get away with this!? How she can stand in front of the cameras to the American people and actually blame Bush and the Republicans for this? Last time I looked Kongress created the laws and delegated to the agenices! The actions of Kongress are nothing short of the actions of traitors! Period.
Here’s a quote from TJ my hero!
I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. — Thomas Jefferson — The Debate Over The Recharter Of The Bank Bill, (1809)
TJ saw this in 1809. Why? Because they have seen this crap before! Never underestimate the intelligence and wisdom of our founding Fathers. They knew and they warned us! And we didn’t listen!
And the states are no better.
Take my state as a perfect example: The other Washington is one of the most leftist states in America! So, if you’re tired of paying lots of taxes for your street bums, perpetual welfare mothers, professional students, illegals, unemployable drop outs, and sex predators, send ‘em to Washington state! Our gub’ment lefties will pamper them with free medical, food stamps, a home to live in, free energy to warm that house, and bus tickets and cab fare to get them back and forth to their local health clinic, food bank and welfare office, a free education, free day care. And if they’re in need of an injury they can just fake it ’til they make it. They can go to a local county health facility and say, “oh, my back or my shoulder is hurting,” and they’ll load them up with oxycontin and get them hooked on drugs instead of hooked on spelling, and then they can receive Social Security and Disability and they’re set for life! Because that requires an act of Congress to stop! Then once they are hooked on drugs instead of hooked on Math they’ll get free methadone and needles, and if they need more money they can take their drugs and sell them on the black market for more money.
There went the American Economy! Click >> toilet
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