The Indymac Slap in Our Face - Say What?

George Soros. Investor/Owner, BankOne

Warning: To avoid having the feeling of your eyes glazing over and mind going numb because you think that this stuff is way too above your head, IT IS NOT!

Watch the video first and ONLY the first 60 seconds of this 5:37 minute video and you will say to yourself, "I actually DO understand what is happening!" and want to watch the rest. (This is really scary stuff to know)

CLICK ON: http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1111064

A CHALLENGE: I would love to hear your comments after viewing this blog. This will indicate how many of you are really getting what is happening to you or "you are too stupid" to understand as Washington says we all are and they will steal ALL of your tax money.

Now, here is the information behind this blog. It is stuff that Obama and all Washington knows about and thinks you are too stupid to understand:

As the Wall Street Journal reports this morning, in what are called a "loss-share" agreements, buyers of failed banks are getting billions of dollars in government guarantees to snatch up the bank's bad assets. To entice buyers, the Federal Deposit Insurance Corporation is offering to cover around 80 percent of the losses associated with buying a bank. The result, the WSJ points out, is a massive subsidy to the private equity industry, and a huge risk to the American taxpayer.

As bank failures have mounted this year, much has been made of the FDIC's dwindling Deposit Insurance Fund. But, as the WSJ reports, the FDIC's potential risk through loss-share agreements "is about six times the amount remaining in its fund that guarantees consumers' deposits."

Though the WSJ doesn't go so far as to say the enormous guarantees are, in fact, sweetheart deals, it's hard to imagine a better scenario for bank buyers. (Except maybe the FDIC offering to guarantee 100 percent of the total losses associated with buying a failed bank.) "The FDIC, assuming its traditional role, brokered a sale of the bank's deposits to BB&T Co."

"He's a Sorry Excuse" won't even cut it.

You will be very much sorrier voters and you are if you voted Obama. Well my Liberal bloggers, how much do you have to see before you wise up? This socialist non-patriot is now running our country into the toilet with his monetary policies. I am going to sit back and laugh at you all when the United States is bankrupt with all kinds of taxes that this congress passes. You income earners out there, you are hung out to dry and deserve every tax the Federal government can levy. As Forest Gump said, "Stupid is as stupid does." And boy, Forest is right on the money!


The Crotch Salute Returns

I'm sorry folks, but is this the turkey that was elected
President of our country? You know, the United States of
America ? I do believe that saluting the flag goes with that, and
also to honor the servicemen who died, or is he above that? Shower
us all with flowery words and dazzle us with B.S. but actions speak
louder. This is a disgrace........

Later, while speaking at the National Prayer Breakfast, President Obama mispronounced the word "Corpsman" as "corpse-man." I am so impressed with a guy who has had no business experience, military experience or job experience stand up with a straight face and deliver such crap! This is not a third grade classroom speech to the school auditorium, the amateur hour is what this Obama Presidency has become.

Better start ducking under your desks. The Obama Dept of Civil Defense says that the Iranian missile attacks practice drills are now under way!

You have to see the 1950 "Duck & Cover" Civil Defense Public Safety Ad: (4:48 Min)

http://www.youtube.com/watch?v=ixy5FBLnh7o

"I do" Obama Health Care Tax

Obamacare's marriage penalty; Democrats tax couples for saying 'I do'



So much is so wrong with Capitol Hill's two versions of government health care that it's hard to focus on yet another poison pill in the bills. Hard, but important. It turns out that in addition to unconstitutional measures, unfair individual mandates, higher taxes, penalties for lifesaving medical devices and a potentially devastating rationing of care, Obamacare also contains several penalties on couples for getting married. Those penalties make government the enemy of both good romance and good finance.

The first sort of marriage penalties affects low- and middle-income couples who would get their insurance without employer assistance but with government subsidies. The penalties accrue through the "caps" on premiums. In the House plan, an unmarried couple living together with each earning $25,000 would pay no more than $3,076 in combined premiums each year. If the same couple got married, their annual cap would skyrocket to $5,160 - a 68 percent punishment just for saying "I do." (The penalty in the Senate bill is slightly lower, at 48 percent.)

What is even worse is that the subsidies are suddenly and completely cut off once somebody reaches 400 percent of the official poverty-level income ($63,360 in 2016). The arithmetic is complicated, but what it means is that two unmarried persons earning $32,000 each ($64,000 total) would pay a maximum combined $5,684 in premiums, but if they got married, they would pay about $15,000. That is an astonishing penalty of 164 percent. It is almost impossible to imagine a policy that could be any more anti-family than that.

Again, that was for middle-income earners receiving government subsidies in lieu of employer tax breaks for insurance. Now consider a high-earning couple. The Senate bill imposes a payroll tax increase on individuals who make more than $200,000. For married couples, though, the tax increase kicks in at $250,000. So, if you live together without matrimony, you can earn up to $400,000 combined without the higher tax - $150,000 more than you can earn together if you are married. At a maximum of $1,350, this marriage penalty through taxation isn't anywhere near as damaging as the $9,316 knockout punch via lost subsidies for the $64,000 couple described above, but it's still nothing to take lightly.

All sorts of other tax increases - and expensive "mandates," "fees" and "penalties," as the legislative lingo puts it - are hidden in both House and Senate versions of Obamacare, making a mockery of President Obama's repeated pledge not to raise taxes on anybody making less than $200,000 a year. The marriage penalties, though, are worse even than those broken promises, because they are counterproductive in terms of both financial policy and social policy. By discouraging traditional marriage, Obamacare would further undermine the single most important building block of stable communities. That's about as unhealthy as policy can get.

Credit: The Washington Times Editorial - January 14, 2010

Nanny nanny boo boo, stick yer head in doo doo!

I was amused when I was told by a dear friend that employees at his workplace would be deeply offended about conservative viewpoints. More amazing is that any voter still thinks Obama is Presidential or his Staff is competent to run the largest economy in the world. The liberals can do no wrong?





As Rahm Emmanuel said so eloquently this week,"Fu*king retarded!"




When liberal Democrats threatened to run ads against moderates party members who were holding out on health care reform, nine-fingered senior Obama adviser and noted sender-of-threatening-dead-fishes Rahm Emmanuel reportedly responded with two words: "Fucking" and "retarded."

On the strategy's merits, Emmanuel, who's known as the White House's resident arm-twister was almost certainly right: Democrats don't currently have the votes to pass health care reform; it's unlikely that stepping up the party infighting would bring those votes into existence. But as a matter of offense, there's a limit to what even a Hill head-knocker like Emmanual is allowed to be quoted saying in the Wall Street Journal. So he apologized... just not to the Democrats; instead, he apologized to the CEO of the Special Olympics, who's running a campaign against the use of the word "retard." Message received, sir: Calling liberals "retarded" is unfair to the disabled.

Barrack Has Not Stopped Obamacare

An organization, Grassfire Nation, has successfully in the past election generated a lot of support among voters to get out the vote. They have just sent another call to arms. Read below what Obama is doing now as he delivers his State of the Union speech.

From the Desk of:
Steve Elliott, Grassfire Nation

Even as the confetti was falling on Scott Brown's victory
celebration in Massachusetts, key Democrats were devising
an underhanded plan to sneak ObamaCare through Congress.

The plan: have the House pass the Senate's version of ObamaCare.

Then to satisfy liberal House members who were opposed to
the Senate bill, Pelosi and Reid have agreed to "fix" it
once signed into law by the President.

To get around a Republican filibuster, Reid will claim any
changes or "fixes" to the bill fall under Reconciliation
and therefore don't require 60 votes, but rather a simple
majority!

In other words, the legislative process will be subverted...

Unless you help me spark a massive grassroots uprising
that resonates across Capitol Hill, and puts every member
of the Senate and the House on notice from citizens who
are saying...

"Vote for ObamaCare and I'll vote you out!"

Click here for more:

http://www.grassfire.net/r.asp?u=24486&RID=22479371

How to Shoot Yourself in the Foot

Putting a central government with politicians, political lobbyists and secretive society members aside, our country's future will not be determined by them. In fact, they all will be at the mercy of God himself.

(Galatians 6:7) Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap. So you see, Americans should not worry as a Christian nation about who our enemies are around the world, they will defeat themselves. You ask how?

The coming U.S. population boom will bring economic vitality to grow our nation even bigger and stronger. Unlike other nations, the United States of America is not struggling with an expected growth of 100 million more people by 2050.

Russia is projected to drop to less than one-third of our population by 2050. I read that fact over ten years ago and it was recently quoted again in the Wall Street Journal. The reason? Young girls between 17 and 25 years old are using, on average, 7 or 8 abortion operations instead of birth control pills to abort children and in doing so render themselves sterile. Of course, more sterility with unprotected sex is transmitting chlamydia, syphilis and aids too.

Alcoholism, high cholesterol and heart related problems contribute to the average age of death of men around 57 years old. An aside issue is that the Russian State discourages any religion, therefore no moral encouragement is espoused publicly in churches or other meeting places; it is a Godless nation devoid of any soul or redemption.

Russia should now really worry. The Chinese can just walk across their shared borders and take the Russians over by 2050. Is that Biblical prophesy or what?

In China, Japan and Korea xenophobia and class envy is deep-rooted in those Asian cultures. The United States with its diversity, open societal class structure and acceptance of new-comers has created an ethnic tolerance not seen in these other nations. Those reasons alone will stifle those competing nations to even reach or excel further than the United States in this 21st Century.

This diversity has shaped and will mold our destiny to still be the place where everyone points to for how a nation is successful. We will still have our detractors, envious of us but that is the world where we live; we are one nation, under God with justice and liberty for all. Hmmn.....that last part could be a real catchy phrase! LOL!

Obama, We Told You So!

It sure feels good to say it, but we told the liberals and they refused to listen to the people, voters. Now, after the electorate was being called every derogatory name under the sun by the main stream media, deservedly the media are all standing around with egg on their face. And, it is still not over with the year end elections coming up.

Senator-Elect Scott Brown showed the rest of country how to have a clean campaign running on the understanding of what the voters really want, not what the liberal politicians have decided behind closed doors.

Some interesting dynamics in state-run elections are as this year's elections may turn the Tip O'Neill adage "All politics is local" not so much upside down as sideways: All local politics is national, and all national politics is individual.

The United States is witnessing a centralization and nationalization of politics unprecedented in our history. This trend is rooted in the rise of the political consulting industry, vast changes in the technology of campaigning, and the intense competition between the two major parties for control of Congress.

There is, as well, the concentration of political money at the national level as Washington-based interest groups, associations and lobbyists not only raise large amounts in political contributions within the capital but also mobilize campaign money from their allies around the country.

The blogosphere has created central repositories of political information -- including news of very local developments that would otherwise go unnoticed on the national level -- that can speed the flow of intelligence to activists across the nation. And the recruitment of candidates is ever more the job of national party committees, not local officials or organizations.

The result is that the conventional debate about whether congressional elections are primarily local or national in character is both irrelevant and misleading. Even apparently local developments are often orchestrated from afar, and even personal attacks on individual candidates are largely the work of a cadre of Washington-based researchers.

So voters beware! There may be local tea parties and protests around the country, but the Washington bureaucrats will be unrelenting in their punishing attacks. They are out to win and Obama knows that they are on his side. We have all got to vote and say again, "We told you so!" at the polls.