Barack Obama and the State of the Nation 10/12/09 October 12, 2009

Hi Everyone,

It has been awhile since I have sat down and expressed my views. When I first started to blog before Barack Obama was corruptly elected to office. (Remember he is from Chicago and that is how Democratic politicians are elected to office) he hadn’t started the destruction of the United States that we are witnessing today. We now know what he meant by “CHANGE.” “CHANGE” means destruction if the United States as we have know it for 200 years.  The one thing that Barack Obama has done very effectively is resurrect racism in this country. Ever since the day he took office that topic is in the news.

It finally comes down to this: “If you disagree with Barack Obama and his policies you are a racist and you hate Afro-Americans.” This is the most destructive chain of thought to evolve out of the Barack Obama Presidency.  Is this Barack’s Problem? Of course not. But wait, or is it? If it is not his problem why is he not calling out the people like Bill Clinton, Jimmy Carter and a host of other Barack Obama supporters to tell them that it is wrong to make the racial comment above. Maybe Barack Obama is not not responsible for the racial comments, however he has the position to make the statement “If you disagree with Barack Obama and his policies you are a racist and you hate Afro-Americans.” socially unacceptable.  But his decision not to speak out against this statement means that he agrees with that statement. This making him a racially motivated person.

This is what our country has been reduced to. Is civil war a possibility? I doubt it very highly. Will our country become more and more divided?  That is a guarantee that you can take to the mountain top.  Barack Obama has shown in the last few days how unqualified he is to be President of the United States when it comes to foreign policy and diplomacy. He has no idea of how to handle the military when it comes to overseas commitment. At the end of the day we are in a religious war in the middle east and those last for hundreds of years. The choice is to keep fighting or surrender to the enemies. Only two choices.

As the emotional and financial stability of our nation crumbles, the Democratic Party has only three agendas:

1. Raise taxes

2. Make the top 5% of high income people pay for the rest of the country.

3. Provide the country with a huge amount of free, low cost, poor quality entitlement programs.

Thank you,

ST

An Open Letter to Michael Moore 5/21/09 May 22, 2009

Mike,

Before you begin your movie on the economy continuing to bash George W you should read these two pages from the Federal Register.

http://bulk.resource.org/gpo.gov/register/2005/2005_10024.pdf

And

http://bulk.resource.org/gpo.gov/register/2005/2005_10025.pdf

Section C & D

This will explain to you the kindling point when in 1997 Bill Clinton expanded Jimmy Carter’s 1977 Community Reinvestment Act. (60 FR 22156–57)

In a nut shell, Bill Clinton mandated that banks make loans a lot easier for people that could not afford homes so that they could buy them anyway.  The usual Socialist Democrat “Creating a land of Entitlement.”

You may also want to read my Blog.

http://stmarie.wordpress.com/2008/09/29/everyday-we-learn-more-about-the-community-reinvestment-act-of-1977/

You will notice that I wrote this entry on September 29, 2008.

You will also notice that almost everything that I predicted about Barack Obama came to be true including the relentless blaming of George W. for all the problems with the economy when it was really Bill Clinton that started it in 1997. I will admit that George W. did not battle hard enough against the Democrats in 2004 to prevent the total meltdown of the economy in 2007-2008.

I will bet that you will mention absolutely nothing about what Bill Clinton did in your movie and if you do it will be one line with no coverage of his blunder at all.

This act that Bill Clinton did was swept under the carpet and never mentioned on any news cast including Fox News Network. How did I find out? My cousin sent me the “Burning Down the House” video and I was just so blown away that I spent a month researching it before I wrote my blog. When I got to the mandate in the Federal Register I knew that it had really happened and the rest of the puzzle could be put together by a 12 year old.

This is how it plays out. If Bill Clinton had never expanded the CRA in 1997 and mandated that banks write loans to people that could never afford a home to begin with, The banks would have continued to write safe and secure traditional 30 year loans instead of using creative lending practices like 5/25, 2/28, no down payment, Interest only loans etc. The deregulation opened doors to predatory lenders that took advantage of a very dysfunctional, bad law. None of that would have happened and our economy would not be in the condition that it is in today with Barack Obama making worse and worse every day he speaks.

I hope you are intelligent to see this chain of events and now the Socialist/Democratic way of handling the economy will fail just like it did in 1997 with Bill Clinton except a lot worse. We are looking down the barrel of huge taxes, very high interests rates to combat inflation that will be created by printing all this money that doesn’t exist today and 13% to 15% unemployment.  You can’t create jobs with high taxes and excruciating regulations on business. Businesses will not grow or even start to employ people until taxes come way down and restrictions are lifted on corporations to grown and reduce unemployment.

Today Barack Obama continues to use the “Community Reinvestment” theme that failed so miserably in the past.

I hope you are intelligent enough to do your own research and find out more about this.

Thank you,

STMARIE
P. S Nancy Pelosi want to investigate the Bush administration for war crimes, yet she does not want to investigate Bill Clinton for dereliction of duty and crimes against the US economy by providing a mandate that facilitated the destruction of the credibility of the US banking system that eventually spread though out the world.

STMARIE

An Open letter to Mr. Jeff Baker 3/16/09 March 16, 2009

Mr Baker left a comment on my article:

http://stmarie.wordpress.com/2009/01/18/william-j-bubba-clinton-and-the-economic-democratic-disaster-of-2007-through-2012/

Here is my very positive response to Mr Baker’s comments.

Hi Jeff,

Thank you for the comments. My goal here is not to change anybody’s mind as I would rather get people to do their own research on the candidates they are voting for and not just watch the campaign commercials. My cousin sent me the first video called “Burning down the house” which is on my very first blog.

http://stmarie.wordpress.com/2008/09/29/everyday-we-learn-more-about-the-community-reinvestment-act-of-1977/

Before receiving this video I, like an overwhelming number of Americans especially the young ones. did not know a thing about Jimmy Carter’s Community Reinvestment Act of 1977 and the subsequent expansion of the CRE by Bill Clinton in 1997. As I did my research I needed a concrete government document on what that really was. And I found it at

http://bulk.resource.org/gpo.gov/register/2005/2005_10024.pdf

and

http://bulk.resource.org/gpo.gov/register/2005/2005_10025.pdf
The writing was on the wall as to how we got here today.

Think of the economy as a burned out house. We know that things burned in the house. Couches (Banks), Tables (Loan Industry), Chairs (Real Estate market), Beds (Loan industry), But where was the ignition point that started the fire? I wholly believe that Bill Clinton’s mandate for banks to make it easier for poor people to get loans was the spark and the fuel to start the fire (Economic Meltdown.)

I just wish more people would realize this. The sad part is we have a lot of the same people now in office that believe in a “Land of Entitlement.”

So this train wreck will continue as long as Democrats are in control.

ST

Barack Obama’s Swing set. March 6, 2009

I just wanted to let you know that because of William Jefferson Clinton’s reckless mandate for banks to write more loans even though the loans were not qualified or underwritten corretly, You have lost your house to foreclosure.  But you can sleep well because Sasha and Malia Obama have a new swing set.

Sleep well my brave Proletariat.  Barack will reward you with food stamps.

ST

An Open Letter To Bill O’Reilly February 27, 2009

Hi Bill.

I have a question. I am really convinced that this whole financial meltdown was instigated by Bill Clinton’s mandate for more loans to be written by banks. Item 2C on this page.

http://bulk.resource.org/gpo.gov/register/2005/2005_10024.pdf

My biggest frustration is that with mandate it opened the door for greedy bankers and investors to do all the damage that they have done. When Billy Carter wrote the CRA of 1977 it corrected a problem called “Redlining” that banks were doing by not writing loans in the inner cities of our country. Fast forward to 1997 when Clinton created the expansion of the CRA of 1997. Basically Bill Clinton created a land of entitlement for people that could never afford a home under normal lending practices. Enter Bear Sterns and other lending organizations that invented “Creative Lending Practices” Aka “Sub Prime Loans” in order to meet the requirements of Bill Clinton’s Lending practice rating system. So My question is why doesn’t anyone address this issue? Why has it been brushed under the carpet for years? I really wish you could take a few minutes and read my blog.

http://stmarie.wordpress.com/

Love your show.

Keep it up.

ST

Barack Obama is Systematically Destroying This Country February 27, 2009

In Barack Obama’s quest to transfer power from the people to the government Barack Obama is making decisions with out the consent of the voting citizens of the United States.  Today’s announcement that he is going to with draw troops on August 10, 2010 is a good idea. But this is how stupid Barack Obama is, He just announced to the world that we have surrendered and are incapable of finishing what we started. If Barack Obama had withdrawn the troops quietly in an organized or systematic way that would have been OK.  Everyday Barack Obama shows his short comings in his ability to lead this country. And again I’m sure today’s news will again remove the confidence in the investors in this county and the markets will weaken even further.  You can see the downward spirial of the market here as I track it as Barack Obama makes his plans to ruin Wall Street and destroy the savings of US Citizens.

http://stmarie.wordpress.com/2009/02/26/barack-obamas-propaganda-and-conspiracy/

I just want to explode as I watch the market and my life’s savings disappear.  It is bad enough the Bill Clinton started this mess, George W. Bush contributed to it when he got side tracked with 9/11 and didn’t grab the bull by the balls and stop the emerging mortgage melt down by taking action against the Socialist party and stop the madness at Fannie Mae and Freddie Mac.  And now the voters of The United States of America have giving a person that has roots in Marxist Socialism a credit card with no limits or good credit.  If you think 9/11 changed America for the worst, Just wait till you see the shambles that Barack Obama is going to leave.  Most of my friends say, “Give him a chance he is only in office for a few months.”  In the few months that Barack Obama has been in office he has not give us hope, rather he has done just the opposite, he has destroyed the confidence of the public. The only people that have confidence in Barack Obama are people that believe that they deserve a life of entitlement provided free by the entrepreneurs that have started businesses to give this country jobs.

Today Barack Obama has made the proclamation that he (in the name of the Government)  is mandate that the successful people today making $250,000.00 or more will be subject to extreme high taxes which amount to extortion as these people that make that amount of money have no say in how much Barack Obama wants to take from them.

Barack Obama wants to use the taxes that he is going to take from people that make over $250,000.00 to provide subsidized welfare in the name of healthcare to the public.

See my page on my comments on healthcare.

http://stmarie.wordpress.com/2009/02/03/barack-obama-social-healthcare-and-the-democrats/

Let’s listen to Barney Franks statement about “RECOVERING” the money that the wealthy have due to the currant tax rate.

This was an interview with CNBC which is one of the most liberal media stations on the air. According to Barney Franks the people that have been successful must now have that money “RECOVERED.” As if that money never belonged to the sucessful people to begin with and the government is “ENTITLED” to that money and must take it back.

Just think about what Barney Franks is saying.  Just think.  Basically if the socialists believe you have to much money they will take it back and PUNISH you for being successful. What is this going to do to the psyche of anyone that wants to start a small business, create jobs and provide a privately run enterprise? It will discourage anyone from starting a business for fear of being successful and making over $250,000.00 a year.  And here is the worst of this, $250,000.00 is not a lot of money for some one to earn if they own a small business.  Ok so what amount would be? I think that any one making over $750,000.00 a year should be taxed at a slightly (maybe 8%) more in Income tax.

Wake up America.  This is not good.  You can think about today as we are all having a rough time.  But what is emerging is not a good plan for the future of your children or your not to distant future.

ST

An Open Letter to Senator Barbara Boxer (D) California Sent 2/20/09 February 21, 2009

Dear Senator Boxer,

I appreciate your answer but I have to tell you that you are just following what Barack Obama is telling you without doing any home work.

What Barack Obama has brainwashed you into thinking is the same thing that Jimmy Carter did in the 70’s. It is true that Jimmy Carter gave way to creating a lot of jobs by doing the same thing. But in the long run we ended up with a huge Inflation rate. To combat that out of control inflation the fed took the prime interest rate to 20.39% on July 1, 1981 (Source: http://research.stlouisfed.org/fred2/data/MPRIME.txt ) and Inflation Rate of 13.58% in 1980 (Source: http://www.miseryindex.us/irbyyear.asp).

By the way, Jimmy Carter used the “Misery Index” (http://www.miseryindex.us/) to get elected. The difference here is that Barack Obama has psychologically damaged people so bad as far as consumer confidence that it will be very, very hard to change peoples minds until the light goes on in people’s minds when they finally realize that electing Barack Obama was the most catastrophic that thing that the citizens of the United States could have ever done.

OK, Now here is what I really want to hear your rational on. Let’s talk about Bill Clinton’s expansion of Jimmy Carters Community Reinvestment Act of 1977 that he did in 1997. This mandate led people from all different arenas to develop a ferocious appetite for greed and corruption which in the end caused the mortgage and home market to collapse to what we have today. While it is true that Bill Clinton did not tell the banks and lending institutions how to write loans, Bill Clinton was most certainly the catalyst for the mortgage melt down. I just find it appalling that there is not one socialist (Democrat) that will admit to his wrong doing in trying to expand our “Land of Entitlement.”

http://bulk.resource.org/gpo.gov/register/2005/2005_10024.pdf

“C. Experience With the 1978 Rule
The experience with the 1978 rule
was summarized in the preamble to the
Agencies’ 1995 CRA rule. 60 FR 22156
(May 4, 1995) (1995 rule).”

It stated:
The CRA has come to play an increasingly important role in improving access to credit in communities—both rural and urban—across the country. Under the impetus of the CRA, many banks and thrifts opened new branches, provided expanded services, and made substantial commitments to increase lending to all segments of society. Despite these successes, the CRA examination system has been criticized. Financial institutions have indicated that policy guidance from the agencies on the CRA is unclear and that examination standards are applied inconsistently. Financial institutions have also stated that the CRA examination process encourages
them to generate excessive paperwork at the expense of providing loans, services, and investments to their communities. Community, consumer, and other groups have agreed with the industry that there are inconsistencies in CRA evaluations and that current examinations overemphasize process and underemphasize performance. Community and consumer groups also have criticized the agencies for failing aggressively to penalize banks and thrifts for poor performance. Noting that the CRA examination process could be improved, President Clinton requested in July 1993 that the Federal financial supervisory agencies reform the
CRA regulatory system. The President asked the agencies to consult with the banking and thrift industries, Congressional leaders, and leaders of community-based organizations across the country to develop new CRA regulations and examination procedures that ‘‘replace paperwork and uncertainty with greater performance, clarity, and objectivity.’’ Specifically, the President asked the agencies to refocus the CRA examination system on more objective, performance-based assessment standards that minimize compliance burden while stimulating improved performance. He also asked the agencies to develop a well-trained corps of examiners who would specialize in CRA examinations. The President requested that the agencies promote consistency and evenhandedness, improve CRA performance evaluations, and institute more effective sanctions against institutions with consistently poor performance.
60 FR 22156–57.”

“D. The 1995 Rule and Subsequent
Guidance
The experience with the 1978 rule led the Agencies to replace it in 1995 with a rule designed to emphasize performance rather than process, promote consistency in evaluations, and eliminate unnecessary burden. 60 FR 22156.”

Ok what this tells me is that when Bill Clinton made this mandate it basically rated banks on the QUANTITY of loans over the QUALITY of loans. When this was presented, lending institutions were already writing as many standard 30 year loans as they could. However, the banks and lending institutions had to write more loans. Write more loans to people that could not qualify for a standard 30 year loan. The banks and lending institutions did not want to do this because it would expose the lending institutions to dangerously large amounts of bad debt from bad loans and foreclosures. Remember this was in 1997. So the banks and lending institutions had to come up with creative loan vehicles to meet the mandate that Bill Clinton had written or face federal fines or other actions against the institutions. So the birth of the “No down payment,” Interest Only,” “Adjustable Rate Loans” etc were created to meet the QUATITY of loans that were then rated by this system:

http://bulk.resource.org/gpo.gov/register/2005/2005_10025.pdf

“D. The 1995 Rule and Subsequent Guidance

The experience with the 1978 rule led
the Agencies to replace it in 1995 with
a rule designed to emphasize
performance rather than process,
promote consistency in evaluations, and
eliminate unnecessary burden. 60 FR
22156. Among other things, it established a large retail institution test
comprised of three tests: one for
lending, one for investment, and one for
service.”

OK on page 10025 it talks about the above “test.”

Now if I’m not mistaken that is exactly what Barack Obama’s boy Tim Geithner wants to do. The same thing as he called it a “STRESS TEST’ of performance.

OK so what I am trying to tell you is that everything that the Socialist (Democratic) Party has done in the past has been a huge failure as far as jump starting the economy. This time will be no different.

But here is the big difference between Barack Obama and Bill Clinton:

Bill Clinton’s mandate gambled with investor’s money and the public’s savings (401K and IRAs) and lost.

Barack Obama’s mandate is gambling with all of the countries Tax Payer Dollars for generations to come in the future and will lose again. A much much greater amount of people’s lives are at stake here and in these numbers a Tax Payer Revolt is not out of the realm of reality.

And one final thing. A am just as upset with George W. Bush to have even offered a TARP program to begin with. It just gave the Socialist (Democratic) party an excuse to make business and individuals highly dependent on the Federal Government to survive when they gained power by creating a “Land of Entitlement.” out of the United States of America.

I will be best to say that I know you never even read all 1000 plus pages of that “Spendulas” package as I know you did not have the time as did none of the other people that voted for it.

Senator Boxer I can only hope that you sleep well at night not understanding what you voted for in this “Spendulas” package that Barack Obama and the Socialist (Democratic) party rammed down the throat of the citizens of the United States.

Thanks you,

ST

P.S.

I have been writing to Senator John Mc Cain about this as I do not have any representation what so ever in the State of California.

What the Dysfunctional Socialist (Democratic) Party is Doing For/To The Citizens of the United States. February 20, 2009

Barack Obama, Nancy Pelosi, Harry Reid, Barney Franks et al  are the new political criminals in our society. As they bask in the sun of jamming the largest spending bill down the throats of the US citizens without even giving the citizens a chance to vote or comment on it, we begin to see the damages that are now occurring especially on Wall Street. For years people have been self sufficient in their savings for the future. Now all of that has been wiped out and the new Socialist Party (the Democrats) have now made us totally dependent on the US Government with threats of government controlled national banking system. Just think, Barack Obama and his fellow thieves will be able to go into your account at any time and demand fees, taxes, assessments, surcharges or anything else they decide to take from your account.  Just think of your phone bill with all those government unjustified mandated charges.  Your bank account will look just like that.

Just like his predecessor, Bill Clinton, Barack Obama has sent a mandate to spend 75 Million dollars to force lending institutions to write loans to people that should have never had a loan to begin with. Again Barack Obama is creating a land of “Entitlement” rewarding non-responsible  people with tax money provided by hard working Tax Payers that make their home loans on time.

Again I have to keep going back to what Bill Clinton did in 1997.

http://bulk.resource.org/gpo.gov/register/2005/2005_10024.pdf

http://bulk.resource.org/gpo.gov/register/2005/2005_10025.pdf

This is where Bill Clinton made a similar mandate for lending institutions to write loans bases on quantity instead of quality.

There is one huge difference between what Barack Obama is doing and what Bill Clinton did.

Bill Clinton mandated the law gambling with investors money i.e. people that had stocks and other savings in various institutions.

Barack Obama is gambling with every tax payer’s money and the huge taxes that will need to be collected in the future from the children that are now growing up. Barack Obama has made it very difficult for the children in the future to be self sufficient in savings and investments as they will be paying back a very high rate in taxes back to not only the US Government but to local State Governments also.

So now lets look at what is happening here in California where I live. Yesterday the California government finally created a budget for the future and besides spending cuts (Which I give Kudos to the Socialist Party for doing) it also levied $12 Billion Dollars in tax hikes. We now have the highest sales tax in all of the states, DMV taxes have doubled, and there is an undetermined increase in State Income Taxes that the Socialist Party forced upon the citizens in California.

So what does that mean to us here in California. Well, because any TAX CUTS the Federal Socialists gave us in California, the State Socialists are taking back.  So in a nut shell Californians gained nothing.  Even though California is in line for millions of federal tax payers money in the “State Bailouts.” I imagine this will happen in a lot of other states as California usually sets a lot of precedents  for what other states do.

The Socialists are just making it worse and worse every day.  Today we are experiencing a 6 year low in all the markets and what is worse banks are on the point of collapse from fears of being nationalized. This my friends would be the end of the Free Market that we here in the United States have enjoyed for over 200 years.

ST

Tim Geithner Speech 2/10/09 February 12, 2009

I’m not sure what to make of this guy Geithner. It was very unnerving that as Geithner was speaking the market plummeted over 300 points. It is apparent that the people that buy and sell stock did not like what he was saying at all. As I mull over the points that he made today, I’m still not seeing how more and more government intervention is going to make things better. At one time a friend of mine and I were in the exploratory part of starting a business. We had a business plan put together but we were not comfortable enough to go to a bank and take out a lone. So we looked into an SBA loan from the government. Now just like any underwriter there were a great many things that they wanted. But as we started to read the fine print it was pretty convoluted and there were huge performance grades that had to be presented in return in a near term timeline. It just seemed so controlling that it also scared us. The SBA loan was way more than what we expected to have in returns in a short period of times. The SBA loan was very discouraging and we finally scrapped the business plan and I’m glad we did.

Tim Geithner seemed to have a concept but no clear plan on what exactly he and Obama were trying to do other than the same thing Clinton did and that is force banks to make loans when they don’t want to and credit cards not to issue credit. This is simply a rehash of what Bill Clinton did in 1997 when he expanded the Community Reinvestment act of 1977. Tim Geithner talked  about a “Stress Test” for the banks.

Here is proof of that over and over and over again from 1997.

http://bulk.resource.org/gpo.gov/register/2005/2005_10024.pdf

http://bulk.resource.org/gpo.gov/register/2005/2005_10025.pdf

In the second page on document 10025 under “POINTS ASSIGNED FOR PERFORMANCE UNDER LENDING, INVESTMENT AND SERVICE TESTS” you will see the term “Component Test Rating.” It seems to me that this is the exact same thing that Tim Geithner wants to do. As you know this is what caused the train wreck we have today with the mortgage meltdown.

For some reason I cannot get the public to see these connections between Jimmy Carter, Bill Clinton and Barack Obama and there is no “CHANGE” and the real slogan should be “NO WE CAN”T!!!!” We have areal conundrum here and that is for past months ever since Obama started his campaign he has been fear mongering using the “Misery Index” that I had talked about earlier. The more he spews everyday telling us that if congress and the people do not approve of the “Spendulus” program thing are going to get a whole lot worse.

In a nut shell Barack Obama is creating all of the potential problems by telling the banks that if he doesn’t get his package passed than worse things will happen. How do you think the underwriters at these banks feel about loan applications in their inbox. Of course they are real reluctant to write loans based on what Barack Obama is saying.

Barack has also mentioned that he not absolutely sure this will work and if it does it will take a few years for it to really have an impact.
So evan Barack Obama is not sure if this “Spendulus” package will work. I’m not sold on this guy Tim Geithner, the guy that doesn’t pay his taxes on time.

RJ

An Open letter to Congressman Adam Schiff 2/11/09 February 11, 2009

Dear Congressman Schiff,

After reading the results of this last survey you put out about the “Spendulus” package I am just appalled buy the number of people that are so uneducated as to believe Barack Obama’s “Fear Mongering” about the doomed economy. After doing some homework I find the similarities between Jimmy Carter, Bill Clinton and Barack Obama so striking it scares me. Jimmy Carter also was elected just Barack Obama by “Fear Mongering.”
But then it was called “The Misery Index.” http://www.miseryindex.us/ Jimmy Carter also tried to spend his way out of the bad level of The “Misery Index.” Where did that get us when Jimmy Carter printed billions of dollars just like Barack Obama? It got us 23% interest that was demanded by the fed to curb the 13% inflation that was created by Jimmy Carter printing all that money that was not backed by gold in the US Treasury. Clearly what Barack Obama is selling you and all your constituents is a train wreck looking for a time and place to happen.

OK lets look at what it looks like Tim Geithner is proposing to do. Look and read this especially section “C”. http://bulk.resource.org/gpo.gov/register/2005/2005_10024.pdf.
Then read. http://bulk.resource.org/gpo.gov/register/2005/2005_10025.pdf
What Bill Clinton mandated the expansion of Jimmy Carter’s Community Reinvestment Act of 1977 in 1979, that was the catalyst that spurred banks and lending institutions to write more loans and meet the quotas that were to be kept score in #10025 above. This forced banks and lending institutions to figure out a way to write more loans to financially challenged people that could not qualify for a traditional 30 year loan. Thus the birth of “Creative Financing” aka “the sub prime loan.” What Tim Geithner is proposing to do is also force banks to write loans that they are not comfortable with. Congressman Schiff let me set up a scenario for you. Imagine you were an underwriter for home loans for any institution. Before you there was a pile of home loans for you to asses the risk management for. Mean while on the radio you have Barack Obama absolutely hammering away all day long making speeches that if “HIS” spending package doesn’t get passed very very bad things in our economy are going to get worse and last longer. And if you do pass it, it will take many years to fix itself if in fact it works at all. Congressman Schiff, how would you feel about putting that stamp of approval on that stack of loan applications?

PLEASE PLEASE do not listen to the Golden Tongue of Barack Obama’s propaganda or the acidic voice of Nancy Pelosi and do not pass this “Spendulus” package into law.

Here is an article in USA today indicating that we may, I say may be at the bottom with home loan foreclosures and we may not have to spend 780 Million dollars to restart the economy. It may be starting by itself. We all know that you can throw zillions of dollars at the economy but it will recover at it’s own pace. It is a natural cycle for the economy to repair itself. Because by and large democrats DO NOT understand SUPPLY and DEMAND, the principles of business and the fact that the American Economy and for that matter the World economy is a living. breathing. dynamic entirety that goes at is own pace. Sometimes an individual makes a very very serious decision that has a moving effect on the Economy like what Bill Clinton did or if you remember what the Hunt Brothers tried to do with silver. http://en.wikipedia.org/wiki/Nelson_Bunker_Hunt.
These created speed bumps in our economy. However Bill Clinton created a crevasse into which out economy fell into and Barack Obama is going to successfully keep us in.

Thank you,

ST