Barack Obama's 60 Minutes Interview: Politics As Usual

Although I rarely watch television, due to my present circumstances I was unfortunately exposed to the recent 60 Minutes interview with Barack Obama on national television last evening...

As a boomer, I keep wondering why a President of this country now has the time to conduct such interviews.

Although 60 Minutes has been around for a long time, I don't remember former presidents using the network as a forum in order to promote their agendas, or defend their political positions other than seizing the airwaves for one of those addresses that seem to also be getting more and more frequent.

During this interview, Mr. Obama had the audacity to claim that the problems in the banking industry that have been facilitated by BOTH political parties' unholy alliances with Wall Street, which now has a global focus rather than a national one, prior to the "financial reform" undertaken by Congress was not in any way "illegal," and postured, in a roundabout way, that if it were not for all the steps this Administration has undertaken in order to get financial reform addressed by Congress, these loan shark rates and terms would still be continuing...

Say what?

As one who was progressively stripped of her home and any and all property rights she had over her titled property, I found this excuse to be absolutely untrue and also one of the most arrogant statements made by a president ever.

Banks in the West, especially, were marketing loans which were not even based on the U.S. prime or currency, but on British LIBOR rates, a currency which is one and a half times that of America's piss poor dollar at this point.

Those loans are still being marketed throughout the country, and also to our kids for those outrageous student loans, last time I checked. In fact, this Administration has continued to promote refinancing and also re-education in order to get more and more Americans into those bogus loans, it appears...

And to state that the banks in this country, without such legislation and steps taken by this Administration, were not operating in a fraudulent and illegal manner is just too incredible to believe.

After all, we were created as a sovereign nation, and marketing financial products throughout the country which were not even based on our currency is and was not only illegal, but actually treasonous - and do not see anywhere in our Constitution that provides that our federal government was and is to coin and print money, and "value" it, with a created U.S. Treasury that was charged to so do, how this could be.

Unless it is a "global" free market that is the focus of this Administration, and this Congress, rather than a domestic one, regulating foreign ownership of America's key industries, and also its economy to protect America and Americans is supposed to be our federal government's focus. Not facilitating and encouraging a massive global takeover of our banking industries, and Americans homes and land, which appears to be the case more and more.

These "addresses" conducted on mainstream television are getting better and better with each one progressively...

And Mr. Obama has held himself out to be a Constitutional lawyer?

Just what IS going on at Harvard, I ask? And who is in charge of its law curriculum?

Are foreigners buying out our colleges and schools of higher learning even, at this point?

Madoff Suicide Highlights U.S. Criminal Justice System Gone Awry

The recent headlined news story of the apparent suicide of Mark Madoff, the son of Wall Street wheeler dealer Bernie Madoff who is now serving a 150 year prison term in North Carolina for securities fraud, serves to remind many Americans of a U.S. criminal justice system gone astray.

A tragedy, and one in which the media and government most likely had a hand in this young man's fall, although the complete details and coroner's report has yet to be revealed.

Mr. Madoff senior bilked thousands of investors in his Ponzie scheme of a great deal of their wealth, from all reports, and was the mastermind of the scam and whose actions and activities were actually reported to authorities by his very own sons, although little has been revealed insofar as whether there was pressure also exerted on them to so do from governmental sources prior to his arrest.

Mark Madoff, from all reports, profited from his father's schemes, and was thus also then in the end targeted for investigation even after having been instrumental in his father's conviction.

The comments on most of the websites by the public have not been sympathetic, to say the least.

Which just goes to prove just how many in this country have truly lost their way in their understanding of the intent of our founders with respect to crimes such as these, which although heinous for the absolute thievery which occurred has not been adjudicated according to the "common law" provisions behind our criminal justice system in "letting the punishment fit the crimes," and in the government acting on behalf of the victims and not its self-serving ends since the punishments in so many crimes at both the criminal and civil levels are now statutory determined, rather than determined by juries of American citizen's peers.

The Madoff's, and all who profited from such schemes in this writer's view should have been henceforth precluded from ever serving in any fiduciary capacity with respect to other people's money from this day forward, and the spoils of their crimes seized and redistributed with interest to the victims of their greed and avarice.

Not the taxpayers having to now pay to jail and house Mr. Madoff in federal prison, and his son then "investigated" for the past several years, rather than concentrating on the crime itself and its victims and all parties' right to justice in a criminal fraud action, although by its very nature investing in Wall Street or the stock market clearly are risky ventures at best due to its "global" focus and composition again contrary to the intent of those founders for a "sovereign" U.S. economy.

Justice would mean recompense and precluding the perpetrators from ever being placed in such a position of trust and temptation ever again - since by their own actions proved through the "evidence" that their positions of trust were criminally abused.

Having to seek work in this now depressed U.S. economy in other fields of endeavor outside the financial sector, and losing all that they have gained at the expense of others with punitive damages added due to the nature of their crimes would have been the "legal" and "lawful" punishment called for.

Not years and years of "investigation," and subsequent media hounding - or innuendo without due process.

It was reported that Mark Madoff was found dead with his two year old child and his dog in the home where his body was discovered, with his true guilt or innocense still left undetermined although purportedly was still living a rather lavish lifestyle as a former employee of one of his father's commercial ventures, with authorities alerted by his wife who lived in another state and who had petitioned the court for a change of name for she and their son due to the continued ramifications of the crimes committed by Mark Madoff's father.

The press has been unforgiving. And the American public, most of whom were not even directly impacted by the senior Madoff's activities, just as unforgiving and brutal, although fundamentally all Americans have been impacted by the loosey goosey federal government's oversight of the Wall Street banks, bankers and profiteers.

Which governmental policies and practices in sufficient oversight of these Wall Street profiteers have remained for the most part unchanged fundamentally even since Bernie Madoff's arrest, and conviction.

Wake up, Washington. A two year old has just lost his father, and there is another Bernie Madoff trading his grandchild's future for a yacht.

Or just maybe, eventually, THIS grandchild might.

Tinkerbell, Fairy Dust and The American Economy

It was announced with great fanfare by economists in Washington today that the "Great Recession" beginning in 2007 was over officially in June, 2009.

Say, what?

Apparently, in a townhall style meeting held by Mr. Obama later the American public just isn't buying it.

Those economists are failing to disclose, it appears, just which economy they are speaking of. The American economy, or the global one?

Could it be that the global economy has recovered, at the cost of the American economy which still is in a freefall, from the looks of those lining up still at the unemployment offices, and social service agencies.

I still am scratching my head, since the American economy began its freefall in 2006, back when the mortgage crisis began and the bubble burst in the West, Southwest, and other parts of the country, and that was in June, 2006.

I should know since I was one of those affected whose "creative" refinanced loan based on British LIBOR interest rates was scheduled to readjust (and for which hefty closing costs on that loan in which I was forced to take out due to escalating costs of ownership during the bubble), and who then watched the value of my home decrease then by the week it seemed while I was attempting to then sell it.

I was luckier than many, although the true circumstances under which I "lost" my home were egregiously assisted by state and federal banking and governmental friendly property statutes that had fundamentally changed even the terms of my ownership since I purchased my small townhouse back in 1994, and a court action then that upheld "the state" and its special interests groups over my property ownership rights in a house I had lived in for over 12 years.

I don't think that GM plant in Detroit has reopened, or am I missing something?

And the new jobs created in Louisiana appear to be coastline cleanup jobs, most held by the former fishermen and shrimpers from that region post Katrina, Gustav and Deepwater.

A member of the Wall Street linebackers attended the townhall, bemoaning the beating the bankers took (although if my memory serves, many of them were soaking up the rays in California with pina coladas with their executive bonuses, weren't they, when this all began?)

Seems that the housing market hasn't rallied, but then the terms under those loans that are now being offered for refinances haven't really changed much at all, simply a half percent or so drop in those lending rates. And fixed rates still, unless credit reports are in the 700's, are rare and hard to obtain.

It is those usurous loans which are now the bread and butter of the banking industry, and apparently Americans still are having a hard time justifying buying even a "cheap" home that they may in turn lose during the next housing meltdown within the next decade or two, since this cycle harkens back to the 70's 80' and even 90's in its scope, although affecting many, many more due to the amount of those loans which were marketed to the public by both East and West coast banking houses.

Foreclosure contracts at the get go, and how many now since so many thousands have been affected can, due to their lack of jobs, savings or bad credit, even qualify for those "interest only," cheap deals, or would have the means or inclination to put much "sweat equity" into those purchases?

Between those affected in both the 90's and this cycle, that removes quite a few Americans from ever having another shot at the American dream.

The jobs which have been created appear to be mostly directed toward those tech, science based jobs, or construction due to all these "disasters" that keep occurring on top of the piss poor economy and many of those jobs are going to foreigners at any rate due to all the insourcing and outsourcing.

So I guess my question is, who's writing these economic reports?

The author of Peter Pan, James Barrie?

Or are these reports actually bi-partisan efforts, since it seems that the only "change" that has occurred since the last election cycle, is simply a change of the face behind the podium, and the supporting players from the blue team now in this global economic rebalancing act.

Or is Robin Hood also a major player here too?

Taking from the poor Americans on balance, and redistributing their wealth, or whatever is now left of it from the formerly middle class private sector minions, globally?

If those dates are correct, must be another new invention of science-based technology.

The Tinkerbell calender.

Renewable Energy Is Homeland Security

While out and about driving this late afternoon, I pulled behind a car that had a bumper sticker that read "Renewable Energy Is Homeland Security," and couldn't help but laugh.

I am a former 45 year resident of Phoenix, Arizona, a state which receives most of its energy resources from Palo Verde Nuclear Generating Station about 50 miles outside Phoenix.

I was living there when the idea of nuclear power was being brought to the state, and those at our local power company, Arizona Public Service, were in the forefront of getting an initiative passed in Arizona that called for a bond election to assist with its building, and a Corporation Commission then also expanded after it was built in order to supposedly act as a check on rate increases.

Although most in Arizona still believe that Arizona Public Service Company is a public utility company that is accountable to the Arizona Corporation Commission for its rate increases and also its regulation with respect to Palo Verde, such is not the case.

Why?

Well, after Palo Verde was finished being built, which also supplies some power to California - the state which has stolen Arizona's water for literally decades, and now boycotting it due to the citizenry and state government actually attempting to stop Phoenix and Tucson and those border towns from truly becoming another L.A. - the federal and state government afforded Arizona Public Service Company to be assumed by a holding company that also is engaged in commercial building construction by the name of Pinnacle West.

And shares of Pinnacle West are currently sold over the global stock exchange, in essence affording foreigners or foreign governments to now own shares in even America's nuclear reactors and generators progressively (don't you love that word, those progressives have sold out this country right and left to foreigners in the name of "progress").

So just how secure is Palo Verde (and America itself, for that matter) if it is entirely possible that foreigners, and not even Americans, own controlling interests in the largest nuclear generating station and reactor in the country?

Another American asleep at the wheel, and couldn't stop laughing at the naiveté that is still present in a good many Americans who are under 40.

Or possibly missed the 60's, 70's and 80's.

Buffett Befriends Bankers At Berkshire Soiree

In a published article from the Omaha World Herald, it appears that the major focus of the Berkshire Hathaway stockholders soiree concluded yesterday was a 30 minute keynote speech made by Warren Buffet speaking in defense of Wall Street bankers, Goldman Sachs.

Although Berkshire reportedly has several billion dollars invested in Goldman, Mr. Buffett was there to reassure his flock that he isn't "wasting away in Margaritaville" as that other Buffett over the Congressional hearings conducted this week in which several election vulnerable senators publicly chastized the Wall Street giant for its investment practices.

At issue, of course, was the nondisclosure of the parties to some of the contracts with investors which were based on "junk," to put it mildly, insofar as the degree of risk - and in which the issuing major client had also "hedged" their bets by investing in derivatives banking on the failure of the original investments.

Which, apparently, Mr. Buffett sees no ethical or conflict of interest complications in Goldman then "contracting" with other noninterested investor-clients without disclosure of the true degree of risk, and which essentially has so fundamentally affected this country's citizens trust in the banks, Wall Street, and even home "ownership," since it has been the American public holding the bag for Goldman's free and easy investment style and losses, using American's homes as the collateral.

I'm no gambler, but it does seem that in betting that these investments would "crap out," Goldman had knowledge that the issuing investor for those investments was using loaded dice.

Since apparently most of those which were directly affected and scammed were European banks which "should have known better," according to Mr. Buffett, Berkshire doesn't plan to make any changes in its close partnership with Goldman.

Which may be true for those investors, but there were others indirectly affected, many of them now homeless.

One top executive even seemed to take to task the outraged American public, indicating that there was a misconception that Goldman's actions cheated ordinary Americans, but in his opinion, they hadn't cheated anyone.

Left unsaid, however, were the number of American homeowners who were indirectly affected, and which is continuing especially in the West and Southwest, while most of those U.S. banks which were selling those "bad loans" seem to be more concerned also with their bottom lines and under pressure from Washington to satisfy those foreign investors by either renegotiating short term adjusted terms, or foreclosing - whichever is more beneficial to everyone but those homeowners.

In fact, Obama's focus has been since this mess began in pushing Americans to refinance their homes, into some of these creative loans which have not changed, it appears, since the same individuals which sold those loans have been given Washington's blessing to sort out the mess and "counsel" some of those scammed homeowners.

And left out in all of this is the fact that a great many of those loans were also underwritten by Fannie Mae and Freddie Mac - many of which also were not even based on the U.S. currency, but British LIBOR rate - a currency almost one and a half that of the U.S. when most of those loans were pushed.

I mean, how CAN U.S. banks be pushing and selling loans that are not even based on the U.S. currency, I ask?

So connecting the dots in the true fallout seems not to factor into Berkshire itself's bottom lines, so thus inconsequential.

Mr. Buffett is known in this country by the investment community as the "Oracle of Omaha," however, it seems to me this partnership with Goldman Sachs really is a no brainer insofar as profit for Berkshire, and profit for Goldman Sachs.

It's a win-win partnership no matter which way the dice roll, since Goldman has now been designated as one of those investment houses that was determined by Washington to be "too big to fail."

Although, according to reports also, Goldman actually is a major shareholder in our own Federal Reserve - in other words, how could Goldman fail when it is a major shareholder in the entity that prints and regulates the U.S. currency and interest rates for loans extended by their branch banks?

And Berkshire is, after all, heavily invested also in the insurance industry, and not purely Goldman Sachs preferred partner.

Although, if one of your investments is with a company that issues the money for an entire nation, with the U.S. government itself merely minor shareholders without any true "voting" authority over day to day operations, just how can you lose?

It appears that the scene in Omaha was a rather festive one, given the crumbling housing market, and over 10% unemployment in most areas of the country.

I wonder if Mr. Buffett has been to Phoenix, L.A. or Las Vegas lately?

I mean, outside the casinos.

http://www.omaha.com/article/20100501/MONEY/305019931#buffett-reassures-the-faithful

Goldman Sachs Passion Play Misses The True Crime

While the entire even minimally politically aware citizenry of the United States is on overdrive due to the far-reaching events of this past week with respect to the war zone conditions that are more than apparent in the border states and particularly Arizona over the illegal immigration situation, with those on the East Coast per a Saturday Night Live News segment slamming the state, while being totally ignorant of what actually led to the actions taken by the state government to begin with, there has been more afoot on the Eastern Seaboard.

Such is the insulation in this country, and lack of a national identity at this point that those not directly affected by the porous southern borders and drug cartels doing business cross borders almost unimpeded for the past thirty years, have once again attempted to minimize the impact on those victims, rather than putting pressure on the federal government to actually do their jobs and get our southern borders secured FOR ALL.

This week, however, another drama is being played out in the media which also majorly impacted those living mostly in the West and Southwest and Sunbelt states (the states with the continuing foreclosures, which are increasing by the month) and that is the hearings being conducted over the Goldman Sachs securities fraud.

Little connection, however, or reporting has been forthcoming insofar as just who were the actual true victims in the Goldman Sachs fiasco.

And it was not primarily the investors of those CDOs which were pawned off on them by Goldman Sachs knowing full well that those collateralized loans were junk, and that one of their major clients was hedging their bets though derivatives in the process.

After all, Goldman Sachs is the Cadillac of investment houses and most of their clients are not neophytes but savy investors, or at least minimally aware of risk when making some of those investments.

I mean, these investors were playing the market, after all.

In fact, there are quite a number of Goldman Sachs investors who, I'm sure, invest for the tax writeoffs they receive for losses on some of those investments.

Although mere disclosures also of the risks for most of these investments is clearly inadequate for many, due to the legalese with which most prospectuses and other investment documents are written to begin with.

And selling your investors down the river for a favored investment client firm is not good business practice, nor is it legal in the sense the founders intended irrespective as to whether or not there are codified laws allowing mere disclosure as a protection for these huge Wall Street banking firms in order to mitigated their potential losses since Wall Street is pretty much left alone by the SEC and Congress more and more while the investment grades and risks are becoming greater and greater, for the average American individual investor, that is.

In fact, I would simply state that Goldman Sachs had a huge ethical problem, and conflict of interest actually, in order to win favor with one client at the cost of so many others and can not understand for the life of me just how that would not have been in violation of at least several SEC or United States Code provisions.

But the true victims actually are the American homeowners mostly in the West and Southwest who were sold most of those bad loans which Goldman Sachs has admitted full well knew were bad while they were unloading them.

People who were first time homebuyers, or who were forced into refinances in those states due to the rising costs of ownership during that very short boom cycle, many of whom also were owners of homes during a similar scenario involving Charles Keating in the 1980's - who was selling risky investments to elderly retirees in also the West and Southwest and who ended up losing their homes and everything they had when Lincoln Savings & Loan went bust.

Many of these risky and bad CDO's were also guaranteed by Freddie Mac and Fannie Mae.

We all know what happened then since it is and has been the American people who are also bailing out those two entities, all for Goldman Sachs' investors, since the homeowners whose loans were involved and their interests are far down the list and in which at this point for many actually have no underlying debt, as it were, since they were resold.

AND the American people were billed for cash advanced literally in the millions directly to Goldman Sachs (a part owner of our own Federal Reserve actually, according to several reports), so actually it appears Goldman Sachs was using Congress to write themselves their own checks, while billing then those costs to the American public at large on their investors behalf.

And yet it is and was the American homeowners who are still being threatened by these banks and lenders in bed with thsoe Wall Street wheeler dealers and Washington, and few have been able to refinance under more favorable terms since Congress has yet to address the actual terms of those bogus contracts to begin with.

In fact, most of Congress and Obama's attentions have been in attempting to hawk refinances instead to get more and more Americans, it appears, into some of those bogus loans in order to use to pay back some of these investors, apparently.

Or for those "new" jobs created in the mortgage industry of now "mortgage counselors" to settle those debts with those investors by renegotiating the terms of those loans as the middle man with those homeowners, weighing the cost/benefit against foreclosing on the property and reselling it as to which would get those investors and those banks affiliated with Freddie Mac and Fannie Mae more.

Many of those loans, of course, were sold through California lenders which were not even based on the U.S. currency, but on the British LIBOR rates.

In the banking industry, the connections between New York and Wall Street and California and those mortgage bankers is strong.

After this week's bust and play acting by the Senate with respect to any true financial sector/Wall Street reform, I'm wondering when those in Washington will get around to addressing the fallout to the true victims of this passion play.

The American people, and mostly those American homeowners in the West and Southwest which New York and its brash comedians maligned in a roundabout way once again last Saturday night.

Watch Washington give Goldman Sachs a lengthy tongue lashing, as what occurred today by selected Senators needing some face time with the media for the upcoming elections, and then purportedly levy a heavy fine.

While the true victims continue to lose their homes, jobs and even lives in the West and Southwest due to Washington's continued political maneuvering protecting the bankers and appeasing the foreigners while raping the citizenry.

IDOL Gives Back? Hardly!

Although I rarely watch a great deal of television anymore for varying reasons, especially any of the stations that are included with those cable subscriptions, this evening while I was working researching and editing some of my recent work as a basically unemployed freelance photographer I turned on the television and caught some of the "Idol Gives Back" program from Fox.

After only a few short minutes, I was astounded at the title for this particular segment of this program, since during the entire program there was a message flashing the number in which credit card payments in order to donate followed each and every performance of those Hollywood and a great many British transplant celebrities who were involved in this undertaking.

There was even a brief announcement by Ryan Seacrest that there was a special number in which the audience could make $10.00 donations, although the usual text messaging rates would apply, with a maximum number of calls to this particular number restricted to three.

It appears this had nothing to do with "American Idol Gives Back" but merely a telethon to the public requesting donations, and a forum in which various celebrities could also get a gig, while using the kids who were hungry for stardom as their stimulus.

I stopped watching this show many, many years ago when the Coke glasses, the text messaging and Ford automobile ads seem to be the primary focus, and the kids which were involved in this talent show merely props.

In fact, during this travesty of a plea for public donations for Hollywood's or Fox's latest causes, Alicia Keyes was the "featured" guest, and did one of her numbers which was stylized for this particular venue which featured a song in which the basic lyrics had to do with doing the "unmentionable" as an "inspiration" to the mostly pre-pubescent audience as somehow being an inspiration to donating to fight hunger and poverty.

And then went on to extol New York, site of Wall Street and many of those corporate offices of those financial institutions in which those credit card donations with the profits on those fees for Wall Street would benefit most of all for all those donations.

What was also interesting is that a great many of the performances also seemed to be aimed at the baby boomer and Gen-X parents of those kids watching in recycling Elton John's "Your Song," and also "Stairway to Heaven," as if these songs actually had, at their inception, anything at all to do with the focus of this massive telethon, at a time when most of those in which this plea was intended to reach, are those that have been majorly impacted by the U.S. recession/depression.

These "celebrities" from the U.S. and Great Britain, it appears haven't a clue.

And interesting that those pleas for donations also highlighted credit card payments, since California was and is the state in which a great many of those loans which have resulted in the foreclosures now sweeping the country were sold by Indy Mac Bank, Countrywide and Bank of America, using California's Silicon Valley telecom industry in order to make those pleas.

This program has seen better days, and milking the public at a time when this country is facing it's largest recession ever on behalf of the U.N. and its globalism agendas which have also had a major impact in their focus of world socialsm which has progressively negatively impacted the American people most of all, seemed almost too much to believe, and can understand why this program is now facing declining ratings.

Especially since the audience for this show actually tends to be those which are still dependents, and using them in order to reach their parents wallets utterly incredible.

Most of the featured spots, of course, used young children and babies as the focus for these various causes and groups, in which many of these "non-profits" also receive federal taxapayer grant monies in some form or another, I wouldn't hesitate to guess.

AIDS and literacy were the primary focuses, and it was reported by Elton John that AIDS is spreading in this country, who recommended all viewers to get tested of which about 50% of them at least were young, prepubescent girls it appeared.

And as one who also is familiar with AIDS and its progression since its inception in this country, interesting in that if we had instituted quarantines prior to immigrations or long term visits to this country when this outbreak first occurred as was done for any number of other diseases in prior generations with the limited ports of entry for immigration and international travel, or stopped facilitating agressive, rather than defensive wars, taking in literally thousands of refugees from impoverished areas and countries also progressively since Viet Nam, maybe the spread of AIDS in this country wouldn't be climbing, rather than reducing.

Randy Jackson played guitar for one of the numbers, and was quoted as stating that the U.S. was "one of the richest countries in the world."

I guess he is unaware of the increasing federal deficit, and just why so many of those in which this program directed it's pleas, at least in this country, are in the circumstances in which they now find themselves.

And Washington, New York and Wall Street,California, the British alliance since World War II and U.N's "foreign" agendas are a major part of it.

Mr. Cantor: Financial Services Bill Misses The Regulatory Mark

According to the mainstream media (which is so reliable at this point as a news source, sort of like many of the purported "global" citizen journalism sites funded by government grants at the taxpayer's ultimate expense with their propaganda also), Eric Cantor, that "Republican" from Virginia, is in Chicago bad-mouthing the intent of Obama's weak-kneed aims to somewhat rein in the financial sector under a purported Financial Services Bill.

At this point, it does seem to this American sort of like attempting to close the barn doors after the horses have escaped, where so much federal negligence was involved which contributed to the loss of homes and jobs of the legal Americans, while all actions now of Congress have been to escalate, rather than reduce, the impact their negligence created with Washington's symbionic relationship with the global bankers and financial wheeler dealers on Wall Street.

Or at least those global socialists in the U.S. that believe it is America that is destined to remain and continue as the police force of the world, for Europe, Israel or a host of other nations whenever they receive any "terrorist" threat from an "unfriendly" nation in that country's definition, rather than as the protector of American lives, individual freedoms and domestic focused livelihoods.

Mr. Cantor's concerns, of course, as one of the Global Socialists also on the Hill now in power is that such a bill would tie the hands of those Wall Street financial services global conglomerates, forcing them to then go to China for their funding.

His concerns also are for the claimed "American" investors, rather than the global ones which it is apparent are his foremost concerns in most of his comments, and their then confidence in Wall Street, so again it is the financial sector's whose interests he is most concerned with and its viability under his nebulous concepts of capitalism, rather than Constitutional government.

Since, of course, China is hardly our primary benefactor but instead it is the world bankers who basically run the entire world's economy through their various governmental subsidiaries in all but about six nations of the world - the Fed and the U.S. included since the bogus Federal Reserve Act was "passed" in 1913 by a rogue president and Congress, along with the 16th and 17th amendments which were in essence, as with the recent Health Deform legislation, written and passed without even a quorum of Congress and "behind closed doors."

China is the U.S.'s greatest beneficiary, in fact, in the jobs that have been outsourced to that country also progressively under the Global Socialists and their bankers without any modicum of regulation or taxation for all that foreign bought labor at the American public's ultimate expense in propping up foreign economies once again at the cost of America's and Americans' own.

So it is once again the global investors that are the primary focus of the objections of the other branch of the Global Socialist Party, the Republicans, which is now getting media play.

Mr. Cantor, how about being concerned with the American citizens, you know those citizens now that are jobless and homeless due to Washington's progressively unconstitutional "hands off" attitudes with respect to foreigners and foreign investment in this country, which is undermining the entire fabric of this representative government that those founders created?

Such talk at this point by the Obama Administration does appear to be so much rhetoric, and definitely aimed at attempts to hold off the anticipated losses of those Global Socialst Democratic seats that are now on the line due to the continuing outrage of the American people with both the outsourcing and insourcing which has caused the American people loss of jobs in the literally millions at this point.

How about ripping those charters out from under those banks in the West and Southwest that the FBI is purportedly investigating, but at a snail's pace, of those lenders such as Indy Mac, Bank of America and Countrywide who were selling loans in this country to the American people during that short boom who were forced into refinances due to the escalating costs of ownership that were not even based on the U.S. currency, but on the British one?

How about mandating that any and all executive compensation packages and bonuses must be approved by the uninvolved stockholders and shareholders, especially for those companies whose expenditures for such sums have caused those major global corporations, some not even domiciled in the U.S. such as AIG, to be the recipients once again of the American people's largesse, who are progressively being bankrupted by Washington with such moves?

How about rescinding that former bogus Act of Congress of many years ago which also lead to this that also then attempted to preclude the state governments from actually doing their jobs, and regulating those banks and lenders engaging in intrastate commerce within their own state borders?

How about saving the taxpayer's some money for all those travel expenses that those in Washington also bill the American taxpayers for these road trips, and actually start doing your jobs?

Like maybe cutting the expenses also for the greatest expenditure now, the continuing War on Terrorism, while not seeing the true threat and looking the other way while Wall Street continues to sell shares on the global exchange of America's nuclear reactors and generators, and infrastructure compromising the safety of then the entire population of this country in the process in the guise of capitalism but which is nothing more than treason?

The next job stimulus in my opinion for all those new jobs created in the financial sector once again by the Bush/Obama Administration in the collection and foreclosure industry should mandate that these corporate collection vipers begin making some international calls, and calling in those markers for all that foreign aid which has been given progressively to Israel, France or any number of other nations to set up some repayment schedules for that debt, including the present costs with this continuation of this now clearly "Global War on Terror" for which is it merely Americans by and large risking their lives

I mean just where are those "matching sum" of troops from Israel, Great Britain and Franch in this escalating and ongoing nine year Global War primarily on their behalf at this point?

The Mortgage/Foreclosure Rescue Is No Rescue

It appears that the much ballyhooed mortgage rescue for all those homeowners living in primarily the West and Southwest, and Michigan appears to have been no rescue at all.

Last month once again saw a record number of foreclosures in those states and there has been no significant rebound of the housing market throughout the nation. Of course, the boom and bust cycle has been blamed by the mainstream media in claims that most of those buyers either "borrowed too much" or bought too much home.

As one who lived for many years in a state that has seen these boom and bust cycles since the 1970's, Arizona, I can tell you there is much more to it than that.

What lead to this disaster simply has not been widely reported, nor has been addressed in any significant manner by either this, or the prior Administrations.

What hasn't been disclosed in the mainstream media is the fact that most of those states are "foreclosure friendly" states to begin with, and states with a high turnover rate due to the fact that they are retirement states for most of the Canadian and East Coast retirees.

And that most of those new loans and refinances weren't simply "creative" loans, or even "interest only" loans at all, but many were not even based on the U.S. prime interest rates, but on the London banking rates (the LIBOR, or London Interest Bearing Origination Rate).

At the current exchange rate, that means most of those loan adjustments will be based on a currency rate that is one and a half times that of the U.S. dollar at this point.

Which means that an adjusted rate of 3% based on the London market rates is another one and a half percent over one based on the U.S. prime.

With all the publicity and mass media promotion of the Fed's slashing interest rates during this economic tsunami, little has been said that if a home mortgage rate isn't even based on the U.S. prime, the Fed's slashing of interest rates isn't going to assist in any significant manner whatsoever those home buyers who were "sold" loans based on a foreign currency and interest rate.

Which begs the question, how in the world could U.S. charter banking institutions be selling mortgage loans in this country that are not even based on the U.S. currency to the American public?

One of the prime lenders of these loans was based in Michigan, and most of the others were based in California, although even the Michigan bank which is under investigation at this time, it was announced, heavily sold loans in the West and Southwest through its offices there. However, nothing has been published on the London bank rate loans some of these entities were selling to the unsuspecting public.

Interestingly enough also, those states that are affected have the highest number of Canadian retirees, or as with Michigan, border Canada. Which would mean perhaps that those banks were attempting to compete with the Canadian banks for a share of the Canadian market for homes purchased by Canadians in the United States but using "their" currency rates in order to so do thus bulking up the profits of those lenders in the process.

And they were bankrupt?

Which is even more troubling that banks in this country which are federally insured by the FDIC and Fannie Mae and Freddie Mac would be compromising the economy of this country on behalf of foreign investors in second "vacation" home properties, or were somehow unaware that their affiliated banks were selling loans based on a foreign interest rate or currency. That would be highly suspect, as such information would be readily discernible during any bank audit, and I'm sure one or two of those big box lenders especially in California had to have been audited during that boom.

Although many of the Canadians especially in Arizona only live in the United States for six months out of the year, they don't pay any U.S. federal or state income taxes nor a proportionate share of the sales and other taxes United States full time resident citizens pay, although as with the bank bailouts, it was the United States citizens that ate the risk for those banks that wrote many of those loans for those foreigners who defaulted also, since many were second homes to begin with and while they may have lost their investment for most of those huge closing costs that also were a part of some of those loans, they didn't lose their true "home" at all.

Not like the Americans who were also sold those loans in order to both bulk up the profits of those banks, and also assume some of the risk through the backdoor for those loans which were sold to the Canadian market.

While Obama then "saves" the pension plans of the GM Canadian workers, while giving the "buck up, we all must sacrifice" speech to the U.S. autoworkers in Detroit then that were laid off.

It appears this proclaimed "citizen of the world", as with the last Administration, is more concerned with appeasing the "world" audience and investors, rather than protecting the homesteads of the U.S. citizens.

Since the actual terms and conditions of those loans actually have not changed when there was no meaningful regulatory functions included with the bank bailouts.

Instead, it does appear that in this Administration is promoting now primarily refinances, and advertising these slashed Fed rates for new home buyers and purchases with tax credits, it would appear, again the "hook" so that instead of "rescuing" or protecting the U.S. citizens home investment, the Obama Administration is simply working for the European bankers and attempting to get more and more Americans into those fraudulent London market rate loans so that even more Americans lose their homes during the next boom and bust cycle.

This "rescue" sounds more like a set up for the next generation, and those retiree boomers, or possibly the "new" Americans that Congress and this Administration, as the last, wishes to "legalize," who cannot read English or at least might have a little trouble with all that legalese now in those 50 page loan docs.

You know all those "kids" that this Administration and the last used at election time in order to score points with the voters, to be the next victims in another ten to twenty years, in order to lose even the small amount of equity they may have built up with those usurous rates.

I do believe that there may be more important legislation needed here than the No Child Left Behind Act in order to protect America's children from the banking industry so that maybe they, too, can someday truly realize the American dream of home ownership and not simply "stewardship" for the British or the U.S. banks working in partnership of their home and land.

And now these properties in the West and Southwest are once again being hawked in the East Coast and Canadian markets for the upcoming boomer generation - many of whom are hardly the golf cart type, but be forewarned all you East Coast and Canadian tenderfoots. Promoting all the "steals" now that can be had.

The term "steal" is actually quite accurate, in this case, literally.

The British bankers are on their way to reclaiming the West and Southwest for the Crown, with the assistance of the Tories in Washington who apparently are selling not only a great deal of our vital industries and infrastructure to foreigners through the "global" stock market, but now even the private land in this country through the backdoor by not simply not regulating the U.S. banks and their lending practices, but actually facilitating a British takeover of our entire country parcel by parcel, as it were.

New Home Buyers: Beware the LIBOR

Although the mortgage meltdown is still continuing primarily in the West and Southwest and Sunbelt States since the only real assistance that has been facilitated by the new Obama Administration has been directed toward new home buyers and pushing refinancing (which actually stimulates the bankers and Wall Street once more with all those upfront fees and costs for those new loans), hopefully take the advice of one who lost hers in this tsunami for various reasons - escalating property taxes due to the short lived "boom", property insurance costs due to its then increased valuation tied to those rates, auto insurance costs due to the open borders thefts and higher than normal accident rates for the Phoenix metro area, and ease and enjoyment of it due to covenants and restrictions on the property that increased in severity and costs of my enjoyment of it inflicted by "the state" after its purchase during my 12 year "ownership" of it.

Read the fine print, especially with respect to the basis for the loan itself.

My loan actually was sold by one of those "riskier" lenders due to a refinance that I was forced into for some of the above reasons, and was based upon a London market based rate - the LIBOR.

Not even U.S. prime, mind you, but a London banking rate.

Since the British pound or Euro is at higher levels in the currency exchange market, of course, that also made the increases in the ARM rate that was also a part of the loan terms increase even more than one based on the U.S. dollar and U.S. prime.

How those banks could sell loans based on the British market in this country, I haven't a clue.

But new home buyers and refinancers look out and read that fine print and make sure it is based on at least U.S. prime, since it doesn't appear any further regulation of those banks was at all part of this "rescue" for those still at this juncture losing theirs.

In fact, absolutely no regulation at all has been included addressing the terms of some of those loans in their "usurous" terms and interest rates, and of course the huge junk fees that were charged in order to even get some of those loans to begin with.

Last month again saw more foreclosures, and also a slower market than the year before.

Apparently, the buying public is getting wise to the fact that a home purchase at this point in this country is becoming more of a liability, than an asset and a "high risk" investment that can be snatched from them during the next banker/Congressional manipulated meltdown.

Take a clue from one who learned at an advanced age (56) and after 12 years of "non-ownership" and one who this was not the first home purchase, and had legal knowledge and experience - be careful before signing on the dotted line since it seems the market is now geared toward the sharks, and not the Constitution with respect to home or land property rights and ownership.

The tsunami was one huge "taking," facilitated by Congress and the Fed in their negligence since those loans were primarily sold in the West Coast market and strangely Michigan for several years during that boom and bust cycle, and fixed rate and assumables have almost gone the way of the dinosaur for added banker profits - meaning you may qualify for that home today, but since those rates are based on a foreign currency and market better now than that of the U.S. - it will be, of course, Americans and not foreigners (from Canada and Europe now living in the U.S.) who will lose those homes.

Or those that can't speak English in order to even read those now forty to fifty page loan documents to begin with.

And remember that any lawyer legally required at closing by the states, works more for the industry than for you since most are referred by those title companies, banks or realtors getting those huge fees also at close of escrow.

Beware the LIBOR.

Global Economy On Rebound: U.S. The Losers

In today's online editions of several mainstream news organizations and internet news sources, the top story was that economists are stating that the final quarter figures for 2009 shows that the economy is getting stronger, and that it does appear it is on the rebound.

And are predicting an even greater and brigher future for 2010.

Apparently, "accuracy in news" hasn't reached the AP yet, since the only economy which it appears is growing is on Wall Street, not Main Street America. In fact, there still is one foreclosure every 13 seconds still occurring, and the jobless rate has worsened with many more laid off or underemployed Americans.

The U.S. Department of Labor figures, remember, only count those that are collecting unemployment. Not those whose benefits have run out, the self-employed, or those now that are underemployed and waiting tables or behind retail counters after their jobs were outsourced under some of those great government bailouts.

And it appears all those vacant homes in the West and Southwest are being made ready for the Canadian retirees, possible "new" Americans due to another amnesty bill that is waiting in the wings, and 26,000 Iraqi refugees which will be resettled in this country. Of course, after clearly invading it rather unlawfully to begin with.

So the Wall Street financiers and banks can collect all those junk fees once again on those "new" loans and the fine print that many of these foreign immigrants won't be able to read.

Isn't "globalism" great, America? You homes and jobs are being outsourced and insourced in order that the global, mostly New York based economists can put a star next to their economic indicators.

Of course, the caveat is that this rebound will only continue so long as Americans continue to go into debt and spend. Sort of like Washington. Encouraging Americans to become indebted to the bankers, is like our debt now to China while still writing checks to every other foreign government that comes down the pike.

And interesting this "forecast" would come the month of Christmas, when of course spending is up due to the holiday itself - and Americans do have a hard time explaining to their kids that Santa just won't be able to make it this year, especially when they have that piece of plastic at 13-21% interest that just came in the mail as the bankers "stimulus."

The link:

http://enews.earthlink.net/article/top?guid=20091222/1ec14c40-fb65-459f-9524-ac6fca50d9b9

The Corporate Globalization of America: G8 Now Morphed Into G20

In all the media spins that have occurred also this past week with respect to the recent Pittsburgh meeting of the global movers and shakers of the "global economy" in which Mr. Obama was a willing participant and leader of the host country, little has been said about the actual reasons for much of the protestors disputes with this additional Constitutional violation for what it actually is.

Treason upon the U.S. Constitution in "globalizing" and merging our economy with that of the rest of the world to begin with, facilitated by Washington and its economic alliances outside of purely trade agreements that such meetings as this represent.

And during this economic meltdown of the U.S. economy which is being facilitated in order to pump up the economies of the European and Far Eastern countries, just goes to show how little true leadership we now have in Washington as represenatives of the people of this great nation and our intended form of government.

Since the meeting itself could only be likened to a "global" Board of Directors meeting for World, Inc.

Much spin also occurred with respect to rougue protestors and the damage that was suffered by local area businesses during the protests. Many of which, since they were miles from the actual site of the meeeting itself would be suspect insofar as whether these were G20 protestors at all, or rather "professional" protestors meant to also propagandize the dissatisfaction in this country of the true Americans who are becoming increasing outraged at the impact that such Constittuional violations as this meeting itself represent.

And Mr. Obama clearly demonstrates once again his agendas as one in which the American people are more an afterthought than the foreign and global interests of his corporate backers and Wall Street executives who were responsible for "globalizing" our economy to begin with, using Washington also as a joint venture partner in this arrangement again both our Constitution and the form of government the founders created as a sovereign country whose interests, both economically and politically, were never meant to be merged with that of other nations.

In fact, that was the true root and genesis of that original revolutionary war to begin with. To break free of European and global dominance and control of this country and its people.

Not ingratiate this country and subject its economy to ruination in order to bulk up the economies and assets of foreigners.

And in light of what is occuring in this nation at the present time and the number of Americans who have now been victimized by this agenda, Mr. Obama's ignorance of the plight of the Americans who he has continually pleaded with to sacrifice for the "greater good," of U.S.A., Inc. is getting more and more outrageous with each and every "act of Office," in not even rescheduling this blatantly treasonous meeting to some other host country to begin with.

Not as a self-appointed, apparently, Chairman of the Board for this meeting as the leader of the "host" country. And by no means serving in such capacity, a "representative" of the people of this nation by but more as he has personally stated, his primary focus as a "citizen of the world," which was declared soon after his assumption of office.

And the world's approval, apparently, more fundamentally important than that of those who are both paying his salary, and to whom his true duties and loyalties lie - not the "corporate" interests of the globalists, either individually or "corporately."

Jobless Rate Shows Minor Decline: Happy Days Are Here Again?

For Any And All Conserve-ative Constitutionalists:


It was reported in the mainstream media today that the jobless rate had a minor decline the month of July, the first such decline since August of 2008, with the Obama Administration then taking credit and predicting this was a "strong indication" that perhaps the jobless rates and unemployment would begin to correct after the losses which have occured this past few years.

The jobless rate according to the Department of Labor is hovering at about 9%. I would say those figures would be low, since it doesn't take into consideration those individuals who have lost their small businesses during this economic tsunami (who are not eligible to collect unemployment) nor those whose benefits have expired and are still not working with little likelihood that their situations will change anytime in the near future in their former lines of work. Also July is a big vacation month for many, and vacation pay can and is lower than workweek pay in many instances and also many are now working as temporary help for any overflow. Temporary labor needs are higher now in seasonal industries such as retailing and the needed temporary "back to school" workers specifically hired for short term employment needs.

After all, Obama himself laid off literally thousands in Detroit with the prediction that those jobs would not be coming back. So what is an ex-autoworker really to do that has spent his entire life on a production line what with the outsourcing that has occurred that has eroded our industrial base here at home to less than half it was during the Industrial Revolution which, along with our agricultural base, kept this country a major economic power for well over 150 years?

Mr. Obama and this Administration's focus is on green jobs and science based technology. In other words, promoting Silicon Valley most of all and the large public utility companies. But these measures have been tried before, in the late 1960's and 1970's and it actually was the environmentalists and such that actually prevented new energy sources from being developed and utilized during the last gasoline crisis when prices went from less than 30 cents per gallon to well over $1.00. The largest price increase since the automobile was invented by Henry Ford.

The wind tunnels and turbine energy sources were banned since none of those liberals wanted those ugly towers in their communities. Nuclear power was developed as an alternative source of energy with promises to local communities that cleaner nuclear energy would result in lower energy costs for all. What then happened after all those bond elections and federal grant and ratepayer's monies were spent to build those nuclear power plants?

Those public utility companies were then privatized by the local governments for added revenue in sales taxes, and the rate payers utility bills did not go down - they went up in order to provide for the investors dividends and other capital gains on their investment.

Thus, the costs of energy now in Phoenix who has the largest, Palo Verde Generating Station, less than 50 miles from the metro area have exploded due to its privatization and lack of any true regulation anymore by the state in the costs it now passes on to the ratepayers for their investors' profit.

And now has stooped so low as to recently institute a rate increase based upon an "inspection" done by the Federal Nuclear Regulatory Agency (instituted after both the Chernobyl and Three Mile Island disasters) supposedly calling for some expensive repairs that were then passed off once again to the rate payers for the fines and costs of bringing the plant now into compliance (although this plant is actually much newer than some on the East Coast which was finished in 1988, and thus was built after those disasters and included upgraded safety precautions and measures during its construction).

After work on Palo Verde was finished, Arizona unemployment also climbed considerably since it had started also on the science and technology bandwagon as the home of Hughes, Honeywell, and other government contractors, and its reliance on its historic sustainable industries - copper, cattle, cotton and citrus - fell by the wayside in furtherance of those objectives, and as a state marketing itself mostly to retirees for their early retirement years. In the process, the climate which had made the state a haven for those with respiratory diseases and afflictions, ended up driving out more than it brought in insofar as permanent or long term residents, which has contributed to the urban sprawl and transient nature for the majority of those that call Arizona a "temporary," at best home.

Now it is also one of the states facing the largest number of unemployed and homeless due to the mortgage foreclosure mess, since along with many of those new and "transient" residents came also the East Coast, Western and Midwest real estate speculators and land fraud "get rich quick" artists.

The focus now of the state has swung to the Obama agendas in the health care sector specifically, although at this point most of the retirees that do end up retiring in Arizona usually when their health begins to truly fail end up moving back to their homes of origin in order to be closer to extended family members.

But I digress except to make a point.

Since a good portion of the population is not at all gifted in the field of science and technology naturally, no matter how much the focus of our state and private universities and money is poured into them in order to facilitate this agenda, just where is Washington planning to "outsource" our agricultural base for all the land that is going to be needed for these wind towers, nuclear generating plants, and new "green" manufacturing plants anyway?

Are they planning on turning Kansas and Nebraska into one huge wind turbine, or nuclear generating station in order to meet the entire Northern Hemisphere's future energy needs? And the State of Texas or New Mexico into one huge solar panel for those in the Southern?

We already have the technology, but the people were not at all impressed with the technology that came along with that technology, after all, in the 1970's.

So what does Mr. Obama and this Administration think has changed since that time, other than the fact that due to those same environmentalists our petroleum reserves and offshore wells have been literally hamstrung by regulatory codes and laws on limits of production, atmospheric or environmental particulates that have been so broad based that Nebraska's farmers are fined during planting seasons for excess particulates, and we are now in wars and buying more and more foreign oil due to a segment of the population that is never satisfied no matter what "alternative" fuels or greener technology is proposed.

Including, from Mr. Obama's positions during the election campaign, himself as one of those liberal leaning wackos for whatever reason, Wall Street or his base.

So other than placing all Americans health care records on a national database and invading their rights to privacy over their most personal property and information, their very own physical health, and passing a stimulus for Wall Street again at the American public's expense fining now those power plants or setting up galactic bidding wars for Wall Street's benefit without removing the environmental restrictions which have gotten us into this mess to begin with, just where are all those now laid off GM workers and the other now unemployed going to find their own job stimulus for jobs in which they are qualified since it is clear they would also not meet the criteria for the loans now being offered up by those banks and lenders for educational purposes due to either their age, or their financial prospects and ability to repay?

I suppose what I am really saying here is that I'd put the cork back on that champagne if I were you.

Geithner States Economy Headed Toward Rebound: But For Whom?

In an interview with CNN published several days ago given by Timothy Geithner, Secretary of the Treasury, Mr. Geithner stated that the economy is giving signs that it is headed for an eventual rebound.

But my question is: for whom? And just who has he spoken with recently, or what statistics is he using?

The last several months have seen the amount of foreclosures and also those jobless continue to escalate at unprecedented levels. Recently, Congress just assessed what is potentially going to be the largest increase in taxation in this country since the 16th Amendment with respect to Americans utility bills, which are already off the charts in most areas of the country: The Cap & Trade tax.

Conservative estimates have been that this new scheme for the Wall Street brokers and bankers will most likely increase Americans utility bills the first year alone over $1,400 per PERSON. Not household.

The most massive layoff ever occurred recently in Detroit, one of the cities hardest hit also with the foreclosure mess. Those middle class GM workers I'm sure are much appreciative of the anticipated extention of unemployment benefits they will receive. Most of which are less than half of their former salaries. And that $600 credit isn't going to go very far paying those utility bills either.

If Mr. Geithner's predictions are based upon the "global" market and Wall Street, then Mr. Geithner, Mr. Obama & those on the Hill have certainly insured its survival with all the legislation since the "bank bailout" fiasco, for an industry that has progressively also escalated their "junk fees" and costs in their "flex loan" offerings for those mortgages they sold to the American public and then resold on the "global" exchange.

While also lobbying for changes in the bankruptcy code precluding Americans from writing off any of their usurous fees and costs should they actually use some of that great credit and have an unexpected large expense arise, such as ballooning property taxes and insurance costs, that makes them unable to pay that double digit interest.

Of course, the Americans lost their homes, while the foreigner iinvestors recouped their investments, enough to even send their highest paid executives to a retreat at one of California's Four Star resorts. California, of course, being the home of the lenders who underwrote most of those bogus loans.

Which then turned around and pleaded bankruptcy, when Silicon Valley must be making money hands over fist due to the continuing war, and the telecom bill that just resulted in many Americans having to ditch their antennae and pay instead for cable subscriptions to "stimulate" the telecom companies profit margins even more.

Mr. Geithner must be polling the financiers who are profiting with his predictions is the only conclusion I could come to after reading the piece since it was truly difficult to pinpoint just what he is using as his crystal ball, of course at the cost of Joe the Plumber for these progressive Wall Street stimuluses, who I am sure doesn't have a lot invested in the stock market other than maybe a college fund for his kids.

Although that also won't tie him over once those "global warming" taxes also kick in, not to mention the health care he most likely will now have to fork over for his journeymen apprentice helpers under the new L. Ron Hubbard/Orwell Universal Health Care Plan.

Tell me, Mr. Geithner, just whom were your consulting for your predictions? And since a great many now are on the breadline, or the homeless shelter, just where is the investment capital going to come from with so many Americans now living hand to mouth as it is, or saving for those "global warming" taxes once they hit?

I know, the "global" community will continue to buy up most of America's industrial base, and its infrastructure at an even faster clip than it already has. I hear the French are now invested in the Grand Canyon and that new platform they just put in, and I'm sure could come up with a down payment on the rest since I do believe they still have some extra cash and some of those dollars of ours which helped during the rebuilding after World War II?

Have you arranged for the realtor and "for sale" sign for the White House yet?

Oh, heads up America. In the article Mr. Geithner did indicate that in order for this recovery to progress and have the desired result, there most likely would have to be some increases in taxes in the form of a VAT or value added tax on manufactured goods which will, of course, raise prices again for the consumers.

And he also spoke of what "success" of the Cash for Clunkers program which was funded at 1 billion and provided for $4,500 for people who traded in their older gas guzzlers for newer, fuel efficient models.

But I question whether the success of this program is as was represented, since with the average automobile now, with all the bells and whistles and computers now involved, well over $20,000 even for the lower end models, in most states that credit wouldn't even pay the license, sales tax and registration fees.

Seems another "stimulus" instead meant for the state and local coffers more than anything.

Certainly not for the auto industry, as stated in the article, since those GM plants in Mexico and China are humming right along and due to the cheap labor and with that Hummer deal thrown in to China to sweeten the deal as our major creditor at this point from the propaganda on the MSM, GM isn't hurting and had one of the fastest bankruptcy restructuring (post bailout) ever for a major U.S. corporation.

And John McCain, of course, was also interviewed. And gave credit somehow also to the "success" of the stimulus.

I wonder if he's been back to Arizona recently, or spoken with many in the Grand Canyon State, one of the top three consistently in home foreclosures? Or visited and walked through some of the wash areas in metro Phoenix or Tucson lately? Or visited the local soup kitchen because there are quite a few Joe the Plumbers there due to the amount of day laborers who have taken many of their jobs as those small businesses and construction trades do seem to be some of the primary employers in most areas of the country right now.

So cheer up, Middle Class America, Mr. Geithner has things well under control....for the "global market economy," which your are subsidizing for what is nothing more than world "economic" socialism.

As Mr. Obama said: We all must make sacrifices.

Maybe a start would be that all federal employees must also divest themselves of their taxpayer paid health care plans and benefits, and sign up for the new "government" sponsored program to help cut that deficit and be on parity with their constituents in this government initiated economic crisis. And their federal pensions contributions sliced and switched to 401(Ks) heavily invested in U.S. industries, rather than their global investment portfolios.

Isn't it time those on the Hill practiced what they preach and layoff a few of those government workers?

After all, the recently published staff budget for the White House alone is over 32 million with over 400 employees.

I think Adams had less than six, and it wasn't even done yet.