Liberty Just in Case

A Dialogue for the September 12th World

Archive for the ‘Economics’ Category

The Liberal Democrats’ Trojan Horse

Posted by redsatellite on February 18, 2009

And that Trojan Horse is Lindsey Graham. Yes…I know- REPUBLICAN Lindsey Graham. But what can you do….he’s now moved way past being a RINO like Arlen Specter, Olympia Snowe, Susan Collins, Chuck Hagel and John McCain. In fact, he wouldn’t even qualify as a Blue Dog Democrat!

Long regarded in the US as a folly of Europeans, nationalisation is gaining rapid acceptance among Washington opinion-formers – and not just with Alan Greenspan, former Federal Reserve chairman. Perhaps stranger still, many of those talking about nationalising banks are Republicans.

Lindsey Graham, the Republican senator for South Carolina, says that many of his colleagues, including John McCain, the defeated presidential candidate, agree with his view that nationalisation of some banks should be “on the table”.
And the GOP wonders why they lost in 2006 and 2008. No John, no Lindsey nationalizing should never be on the table- you bumbling dullards.

 

Mr Graham says that people across the US accept his argument that it is untenable to keep throwing good money after bad into institutions such as Citigroup and Bank of America, which now have a lower net value than the amount of public funds they have received.

“You should not get caught up on a word [nationalisation],” he told the Financial Times in an interview. “I would argue that we cannot be ideologically a little bit pregnant. It doesn’t matter what you call it, but we can’t keep on funding these zombie banks [without gaining public control]. That’s what the Japanese did.”
So DON’T FUND THEM AT ALL ….you stupid twit! Let them fail. Not every bank is in trouble- there are plenty of regional banks and small community banks who are doing just fine.

 

Let the FDIC hand out the insured money (up to $100,000) to all their loyal customers – and then close the damn door. And keep closing the doors until every bank that can’t hold their own…is out of business. Banks like Bank of America and Wells Fargo…can sell every asset they have, liquidate everything they own of value to pay back the government and/or industry creditors and then chain-shut the doors. Problem solved.

Period…end of socialist story.

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Posted in Economics, Liberalism, Politics | Leave a Comment »

Hotel California: Have You Checked Out Yet?

Posted by redsatellite on January 13, 2009

Over the last year and a half, I’ve offered up a few of my reasons for leaving California. Although TOO NUMEROUS to mention, there were several that stood out. Hmmm…it looks like, I’m not alone.

Go East, young man? Californians look for the exit

Mike Reilly spent his lifetime chasing the California dream. This year he’s going to look for it in Colorado. With a house purchase near Denver in the works, the 38-year-old engineering contractor plans to move his family 1,200 miles away from his home state’s lemon groves, sunshine and beaches.

For him, years of rising taxes, dead-end schools, unchecked illegal immigration and clogged traffic have robbed the Golden State of its allure.

The clogged traffic? Um….only because 4 or 5 MILLION illegal immigrants walk the streets. Heck…the sidestreets are worse than the freeways.

The number of people leaving California for another state outstripped the number moving in from another state during the year ending on July 1, 2008. California lost a net total of 144,000 people during that period — more than any other state, according to census estimates. That is about equal to the population of Syracuse, N.Y.

The state with the next-highest net loss through migration between states was New York, which lost just over 126,000 residents.

Wasn’t I just mentioning New York? Uh….by George Stephanopoulos…I certainly was!

Why are so many looking for an exit?

Among other things: California’s unemployment rate hit 8.4 percent in November, the third-highest in the nation, and it is expected to get worse. A record 236,000 foreclosures are projected for 2008, more than the prior nine years combined, according to research firm MDA DataQuick. Personal income was about flat last year.

With state government facing a $41.6 billion budget hole over 18 months, residents are bracing for higher taxes, cuts in education and postponed tax rebates.

You can’t say, I didn’t warn you. I’ve blogged about this debacle, ’til I’m blue in the face. And let’s put it this way…(and in my best Arnold Schwarzenegger voice)I’ll NOT be back.

Posted in Crime, Culture, Economics, Education, Environment, Freedom, Law and Order, Liberalism, Morality, Personal, Politics | Leave a Comment »

No Love Lost Here

Posted by redsatellite on December 24, 2008

A few days ago, I implored those who live in New Yorkto MOVE. Today, I’m asking those residents of California- to do the same.

A California official is warning that the state will run out of money in about two months unless a budget deal is struck.

State Controller John Chiang said Monday that his office could be forced to defer billions of dollars in payments or issue IOUs.

Awww….couldn’t happen to a nicer bunch of loons. Both states have long succumbed to bloated liberal ideas and causes- rife with enormous taxes and compensation for every social or progressive program to be found. This is the WEALTHIEST state in the United States…with GDP and GNP larger than most countries!

And they still can’t pay their bills.

Gov. Arnold Schwarzenegger is raising hopes of a budget deal this week. He says he wants to work with Democratic leaders to close a $42 billion shortfall projected through mid-2010.

Arnold, you silly Terminator, have you fallen on your head? Demo-bats control the state Senate AND the state House. You HAVE TO work with them….you have no choice. California is a sick puppy with paralyzing liberal economics. And that’s not going to change….if ever.

I moved from there 15 months ago- just in the nick of time.

Posted in Economics, Liberalism | Leave a Comment »

If You Live in New York…MOVE

Posted by redsatellite on December 19, 2008

I moved from California for all kinds of reasons. But mainly because the leftwing loons had taken over. Now I see- their cousins– the East Coast loons have taken over New York.

Mayor Michael R. Bloomberg’s $1.2 billion property tax increase won approval from the City Council on Thursday, raising homeowners’ bills by 7 percent as the city grapples with a worsening economy and disappearing revenue.

“Even though it won’t be popular, New Yorkers will understand,” Councilman Miguel Martinez of Manhattan said in explaining his support for the tax hike. “Times are hard, and we’re asking everyone to pitch in.”

Opponents warned that residents were already overtaxed. Since Mr. Bloomberg took office, property taxes have increased by 18.5 percent.

UNDERSTAND? Yah…they’ll understand they’re going BROKE. Who in their right mind would put up with that?

The property tax increase comes as Gov. David A. Paterson is pushing more than 100 new taxes and fees on items from downloaded music to nondiet sodas, and the Metropolitan Transportation Authority is moving to impose fare and toll increases.

More than a HUNDRED new taxes. 100. As in…10 x 10. No matter how you slice it….that’s ugly….and expensive.

Posted in Economics, Economy, Liberalism | 2 Comments »

The New President of the EU

Posted by redsatellite on November 25, 2008

I just learned this guy’s name….and what he stood forabout 5 minutes ago. And he’s ALREADY MY HERO!

In the 1980s, a Communist secret police agent infiltrated clandestine economics seminars hosted by Vaclav Klaus, a fiery future leader of the Czech Republic, who had come under suspicion for extolling free market virtues. Rather than reporting on Marxist heresy, the agent was most struck by Mr. Klaus’s now famous arrogance.

“His behavior and attitudes reveal that he feels like a rejected genius,” the agent noted in his report, which has since been made public. “He shows that whoever does not agree with his views is stupid and incompetent.”

OH…but it gets better.

Decades later, Mr. Klaus, the 67-year-old president of the Czech Republic — an iconoclast with a perfectly clipped mustache — continues to provoke strong reactions. He has blamed what he calls the misguided fight against global warming for contributing to the international financial crisis, branded Al Gore an “apostle of arrogance” for his role in that fight, and accused the European Union of acting like a Communist state.

How can you not like this guy? I mean….c’mon. A free market Czech who despises Al Gore? Holy greenhouse gases…what’s not to like!

Now the Czech Republic is about to assume the rotating presidency of the European Union and there is palpable fear that Mr. Klaus will embarrass the world’s biggest trading bloc and complicate its efforts to address the economic crisis and expand its powers.

If you mean embarass the soft socialists of Europe…well too bad mes amis– I guess you’ll have to call your local government official about your ENTITLEMENTS and get over it.

It’s a shame he can’t be president of the EU….for life.

Posted in Economics, Liberalism, Politics | 1 Comment »

Idiot Wind

Posted by redsatellite on November 13, 2008

Idiot wind
blowing every time your move your mouth

Blowing down the backroads heading south
Idiot wind
blowing every time you move your teeth
You’re an idiot babe
It’s a wonder that you still know how to breathe

Treasury Secretary Henry Paulson has decided to use the $700 billion in bailout money to buy stocks in banks. Yah…he changed his mind. Campbell Brown and others think he’s pulled a ‘bait and switch’.

On Wednesday, there was a big change to the government bailout plan and already a lot of people are screaming foul. Treasury Secretary Henry Paulson told us he now has a different plan for how to spend that $700 billion of your money.

When Congress OK’d the bailout package, they all told us it would be spent buying troubled mortgage assets. That’s what Congress voted on. That’s what Congress approved.

Now, Paulson says it would be better for the economy if he uses the money to buy bank stocks as a way to help their balance sheets so they are more likely to lend you money for a car or student loan or credit card.

Me?

I personally don’t think he’s that smart. I think he’s a complete idiot. He’s only reacting to how incensed the American people were over the buying up of someone else’s BAD loans… uh…excuse me….I mean ‘troubled assets’. The reaction from Americans over this cockamamie idea- was swift and vituperative– oh heck…let’s make a broader observation- any American with half-a-brain reacted BITTERLY.

So now, he’s changed his mind. Let’s forget buying up those ridiculous WORTHLESS loans and buy stock….encouraging others to do so as well…so that the American taxpayer might….just MIGHT get a return on their investment. If the stocks go up….hmmm….the government and we the taxpayers may get our money back with a bit of profit.

Genius!

The question is: how come he and the Treasury didn’t think of that from the beginning? I make ALOT less than he does, and I thought of that…weeks ago.

Posted in Economics, Economy, Politics | 2 Comments »

The Emergency Economic Stabilization Act of 2008

Posted by redsatellite on September 29, 2008

That’s the official title of the $700 billion dollar bailout. If our culture believes that….40 is the new 30….then I guess socialism- is the NEW free enterprise.

Posted in Conservatism, Economics | 1 Comment »

Jim Dandy to the Rescue

Posted by redsatellite on September 17, 2008

Jim Dandy to the rescue!
Jim Dandy to the rescue!

Jim Dandy to the rescue!
Go, Jim Dandy! Go, Jim Dandy!

I was sitting on a mountain top.
30,000 feet to drop.
Tied me on a runaway horse
Uh huh, that’s right, of course.
Jim Dandy to the rescue!
Go, Jim Dandy! Go, Jim Dandy!

One day, I met a girl named Sue.
She was feeling kind of blue.
I’m Dandy, the kind of guy
Who can’t stand to see a little girl cry.
Jim Dandy to the rescue!
Go, Jim Dandy! Go, Jim Dandy!
Jim Dandy to the rescue!
Jim Dandy to the rescue!
Jim Dandy to the rescue!
Go, Jim Dandy! Go, Jim Dandy!

With apologies to Black Oak Arkansas and anyone name Jim, here comes the U.S government again. First it was Fannie Mae and Freddie Mac, now it’s insurance giant AIG. 85 billion? ….oh brother…the fun just never stops.

In an unprecedented move, the Federal Reserve Board is lending as much as $85 billion to rescue crumbling insurer American International Group, officials announced Tuesday evening.

The Fed authorized the Federal Reserve Bank of New York to lend AIG (
AIG, Fortune 500) the funds. In return, the federal government will receive a 79.9% stake in the company.

Officials decided they had to act lest the nation’s largest insurer file bankruptcy. Such a move would roil world markets since AIG (
AIG, Fortune 500) has $1.1 trillion in assets and 74 million clients in 130 countries.

I don’t care if they’ve insured ALL of Las Vegas and parts of Zimbabwe and Sri Lanka, the government has no business bailing out publicly traded companies. None.

Posted in Constitution, Economics | 3 Comments »

The Power of Money

Posted by redsatellite on September 15, 2008

When I read something like this, it truly takes my breath away. It only reinforces my belief that we in America…have the richest poor people on the planet.

At least 21 people were crushed to death Sunday during a cash handout in an eastern Indonesian town. The people- mostly women, children and the elderly- had lined up in the town of Pasuruan, about 500 miles (804 kilometers) from the capital, to accept 40,000 rupiah ($4.25) each from a wealthy businessman.

A stampede ensued after panic broke out, pushing some into a fence, local media reports said.

“The local government had no prior knowledge of this handout, therefore the necessary personnel needed to secure the process was not in place,” said Pasuruan mayor Aminurrohman, who like many Indonesians go by one name.

Yep….four dollars and twenty five cents. 21 people dead. You can’t even wrap your head around that kind of insanity. I’m absolutely CERTAIN the poor in this country, not only have $4.25 cents, but would hardly be stampeding to get it- if they didn’t. They might get slightly irritated when people cut in line or mildly cranky if the $4.25 turned out to be a coupon. But there’s no way in Hell’s Kitchen, you would’ve had that kind of reaction.

The average welfare check here in America? $400.00….and that’s not including food stamps. If you’re poor….be grateful you’re poor HERE. Americans, rich or poor, are incredibly blessed….beyond their imagination

Posted in Culture, Economics | 3 Comments »

Drilling For Votes

Posted by redsatellite on September 12, 2008

Sweet. Nothing like a real live…no joking this timewe really really mean itno kidding aroundwe’re seriousit’s that importantmy daddy can beat up your daddy….gas and oil crisis to finally bitch-slap the helpless Democrats.

For decades, opposition to new offshore oil drilling has been a core principle of Congressional Democrats, ranking in the party pantheon somewhere just below protecting Social Security and increasing the minimum wage.

But a concerted Republican assault over domestic oil production and the threat of political backlash from financially pressed motorists have Democrats poised to embrace a fundamental shift in energy policy.

Even more surprising, the turnabout is led by the House speaker,
Nancy Pelosi, who has a history of fighting oil drilling going back to the early days of her career in California.

Poor pathetic Nancy Pe-loser. Someone call a Wahhhhhhhhhhhhm-bulance. Yep…you stopped offshore drilling for DECADES. Stopped building refineries. Stopped expansion. Stopped this, stopped that. And now every American within arm’s length of a voting machine- is screaming for relief.

Under a measure being assembled for a vote in the House next week, oil rigs could go up 50 miles from the shores of states that welcome drilling and 100 miles off any section of the United States coast — a stark reversal on an issue that has been a Democratic environmental touchstone since the 1980s.

Aww….cry me a river- full of oil rigs.

Posted in Defeatocrats, Economics, Energy, Environment | Leave a Comment »