Saturday, April 17, 2010

Who are the Tea Party?

Who are the Tea Party?

According to the the liberal media outlets and small minded pollsters on the left, they are, fifty plus, white, well educated men. But what is the reality of the Tea Party? I am 32, I am white, self educated, and no I am not a racist. With any group, especially one gaining so much momentum in our country, you have a radical element. Let's equate this element to groups like codepink.org, the liberal left's anti-war crazies who tried to perform a citizens arrest on Karl Rove recently. Does code pink represent the democratic party? Hardly. The Tea Party is not interested in forming a third party to split votes away from the GOP.

Here is what the Tea Party Movement is about:

We are a concerned group of voters, many of my friends are joining, and we are all mid 20's to mid 30's. We are against runaway government spending and we are standing up to place fiscal conservatives in office. THAT'S IS! WE WERE SLEEPING WHILE BUSH WAS PRESIDENT! PERIOD!

We are not anti government! No we do not subscribe to the naivete that this country would be better with no federal government. We respect the brilliance of our Founders and wish to return this country to a place where hard work is rewarded with prosperity.

For more info go to www.teapartypatriots.org

FACEBOOK :: http://www.facebook.com/#!/pages/32nd-District-Tea-Party-Patriots/117004024981792

Saturday, November 14, 2009

Abortion, Morality, God and Our Country.

It has been a heated debate since the founding of our country, whether or not we are a "Christian Nation." Our president emphatically decrees we are not. Many of the Founding Fathers were in a fact believers in God. Historians like to say they were Deists, Ben franklin, Thomas Jefferson, and Goerge Washington, but that is a sad distortion of truth. A deist believes in a supernatural power, creation that opposes evolution, and belief in one God in whom, through His supreme power, everything exists. After close examination of our founders writings, who this supreme being, this Deity is, becomes overwhelmingly clear. The God of Abraham, the Jewish God, and subsequently (or not depending on your faith) the Father of Jesus Christ.

But it is also crucial to point out that our founders witnessed great crimes of humanity at the hands of humans, in the name of God. They witnessed a Church grow to size and power that rivaled the kings and queens of the day. They looked on as puritans ostracized others of similar yet not exact faith, and this, they believed was enough to make a distinct separation between the realm of God and the realm of men. So while the answer to "Is America a Christian Nation?" a resounding no, that does not dismiss us as a nation without morals.

The founding fathers battled with morality as well. Slavery was an issue that divided the nation prior to its infancy, throughout its infancy, and for decades thereafter. While viewed morally wrong by many, it was, in the end viewed as a topic left to the states to decide. If we choose not to return to the vision of balance of power laid out by our founders we must act federally to preserve morality.

In this fast paced media age we often take the path of least resistance, I myself have been guily, when it comes to moral issues. I often equated the right to choose with time honored traditions of American Freedom. But this is a path of least resistance. And here exists a battle that needs to be fought by all of integrity who choose to stand up for the morals of our nation.

With the many advances in science, the liberal base in this country finds new ways to dispute religion, although unsuccessfully disproving the existence of God. They push on with a charge towards strict teaching of evolution and abolishment of any religious teachings. But this two sided sword will come back to cut those who use its arguments. The invention of 3D embryonic imaging, looking at a computer monitor and seeing an unborn child's pulsing heart, has begun to leave little room for debate over the existence of life prior to birth. And so science appears to be ending a long held debate over life. Life exists at conception by all scientific definitions of the term. So to be scientific about the issue, leaving religion out, abortion is the killing of life.

Saturday, November 7, 2009

Are you kidding me?

I received this in an email from a friend in California, apparently they are taking notes on how not to get re-elected!

"Nothing else needs to be said. This is one of their THREE DAY WORK WEEKS that we all pay for. I am ready to start from the beginning by voting out all elected officials and not letting any of them stay in office for more than two terms. No more lifelong healthcare, retirement, voting in their own pay raises, taking perks on our taxes, etc.


House Minority Leader Lawrence F. Cafero Jr., R-Norwalk, pictured standing, far right, speaks while colleagues Rep. Barbara Lambert, D-Milford and Rep. Jack F. Hennessy, D-Bridgeport, play solitaire Monday night as the House convened to vote on a new budget. (AP)

The guy sitting in the row in front of these two... he's on Facebook, and the guy behind Hennessy is checking out the baseball scores.

These are the folks that can't get the budget out by Oct. 1, Seriously!!!
So, we’ve got a 30 day budget extension. Well, guess what, 30 days from now we will be in the same boat. I guess this makes it easy for the news ‘reporters’ as all they have to do is recycle the same headlines from this week and from 2 years ago. And these yo-yo’s will still be playing SOLITAIRE!!"

Saturday, October 31, 2009

Just Another Racist..... (according to the Left)

This is by Thomas Sowell, wiki him

I have noted that many elected officials, both Democrats and Republicans, called upon America to unite behind Obama.

Well, I want to make it clear to all who will listen that I "AM NOT" uniting behind Obama. However, I promise to give our country the devoted loyalty of a patriot.

I will respect the Office which he holds, and I will acknowledge his abilities as an orator and wordsmith and pray for him, BUT that is it.

I have begun today to see what I can do to make sure he is a one-term President!

Why am I doing this? It is because I do not share Obama's vision or value system for America;

I do not share his Abortion beliefs;

I do not share his radical Marxist's concept of re-distributing wealth;

I do not share his stated views on raising taxes on those who make $150,000+ (the ceiling has been changed three times since August);

I do not share his view that America is arrogant;

I do not share his view that America is not a Christian Nation;

I do not share his view that the military should be reduced by 25%;

I do not share his view of amnesty and giving more to illegals than American Citizens who need help;

I do not share his views on homosexuality and his definition of marriage;

I do not share his views that Radical Islam is our friend and Israel is our enemy who should give up any land;

I do not share his spiritual beliefs (at least the ones he has made public);

I do not share his beliefs on how to re-work the healthcare system in America ;

I do not share his Strategic views of the Middle East, and certainly do not share his plan to sit down with terrorist regimes such as Iran .

Bottom line, my America is vastly different from Obama's, and I have a higher obligation to my Country and my God to do what is right!

For eight (8) years, the Liberals in our Society, led by numerous entertainers who would have no platform and no real credibility, but for their celebrity status, have attacked President Bush, his family, and his spiritual beliefs!

They have not moved toward the center in their beliefs and their philosophies, and they never came together nor compromised their personal beliefs for the betterment of our Country! They have portrayed my America as a land where everything is tolerated except being intolerant!

They have been a vocal and irreverent minority for years;

They have mocked and attacked the very core values so important to the founding and growth of our Country;

They have made every effort to remove the name of God or Jesus Christ from our Society;

They have challenged capital punishment, the right to bear firearms, and the most basic principles of our criminal code;

They have attacked one of the most fundamental of all Freedoms, the right of free speech!

Unite behind Obama? Never!

I am sure many of you who read this think that I am going overboard, but I refuse to retreat one more inch in favor of those whom I believe are the embodiment of Evil!

PRESIDENT BUSH made many mistakes during his Presidency, and I am not sure how history will judge him. However, I believe he weighed his decisions in light of the long established Judeo-Christian principles of our Founding Fathers!!!

Majority rules in America , and I will honor the concept; however, I will fight with all of my power to be a voice in opposition to Obama and "his goals for America ."

I am going to be a thorn in the side of those who, if left unchecked, will destroy our country! Any more compromise is more defeat!

I pray that the results of this election will wake up many who have sat on the sidelines and allowed the Socialist-Marxist anti-God crowd to slowly change so much of what has been good in America !

"Error of opinion may be tolerated where reason is left free to combat it." (Thomas Jefferson)

God bless you and God bless our Country!!!

Saturday, October 24, 2009

Breaking up a monopoly!

A Must Read!

http://www.nationalpost.com/opinion/columnists/story.html?id=02859c06-69a3-45f1-a321-dff7755d2de8

Wednesday, October 7, 2009

The continual erosion of our Constitution

As I continue to study the history of our great country, I am continually disgusted by the erosion of our Constitution. As with our tax laws we have become experts at finding loop holes. This needs to stop. "Well Bush did it" is no longer a valid excuse, and I believe in time we will see that, Mr. Bush made some foolish choices for political reasons. But we must also as a nation look at the previous four administrations, and the damage they did as well. It's time to put politics aside and focus on the issues that are important to America, our economy and our safety. We need to stop looking the other way as Corporate America rapes our middle class in the name of capitalism, and stop allowing special interest groups to dictate our military policy.
As far as our tax policy, our Founders made it very clear that we should all be taxed at the same rate. They also made a sharp distinction between groups with money and power and individual rights. You can not tax the individual who makes the most money more than the individual who makes the least, but you ABSOLUTELY can tax the corporations at higher levels and allow the corporate boards figure out how to increase profit. I would be inclined to believe that a reduction in bonus salary would be the result. This policy allows the free markets to regulate income and not the government, but constitutionally accomplishes the same goal of increased tax revenue.
As far as the War in Afghanistan, our generals are military experts, allowing people like Nancy Pelosi or our Vice President to advise our President in any way is dangerous. What experience do they have? Do we go to an auto mechanic to find out whats wrong with our cars and then let the local barber advise us on how to fix it ourselves? We have two options, give our generals the troops they need to do their job, or pull out and use the troops to secure our borders and cities. The same way Michael Moore hates capitalism, the nations that have not been blessed with wealth hate the United States, this will never change regardless of the charisma of our leaders.

Tuesday, September 29, 2009

A very short summary of the events leading to the Mortgage Crisis.

As promised, I will take a few minutes and briefly walk you through the financial mess, as it pertained to the “Sub-Prime” mortgage industry, as well as the prime mortgage industry and Wall Street. My hopes in writing this are to make everyone aware of the systemic risk that still lurks around every investment portfolio, every blue collar pay check, and every welfare payment out there. To really understand how this happened we must travel back to 1977. The Carter administration had passed a law called “The Community Re-investment Act of 1977”. Carter was under pressure to pass a law that forced banks to lend in certain areas that were extremely high risk. The term they used for banks refusing to lend in areas where foreclosure and fraud were the norm was “redlining.” This was the start of the sub-prime industry (although it didn’t materialize until a decade and a half later).

Now fast forward through Reganomics, and the push for deregulation. The notion of Free Market Capitalism was sweeping the nation due to the policies of the Regan administration. Under the Clinton Administration the Department of Housing and Urban Development (HUD) increasingly put pressure on Fannie Mae (FNMA) to increase its purchase of Community Reinvestment Act (CRA) securities from approximately $7 billion to over $20 billion annually, almost 50% of its annual security purchases. In 1999, The Graham-Leach-Bliley Act or Securities Modernization Act was passed by President Clinton. This act allowed banks to compete in the financial industry and vice versa. Now Wall Street could gain access to FNMA, FHLMC, GNMA securities among other “high return/low risk” investments.

Now enter the sub prime lenders. It was late 2000 and companies were trying to institute ways to increase lending to low and moderate income individuals. One of the ways of doing this was to loosen the guidelines on stated loans. A stated loan is a loan originally created for self employed individuals who write off a majority of their taxable income and report to the IRS, a low Gross Adjusted Income. By looking at their credit score and judging by the assets they had in the bank, the risk of high debt to income ratios was reduced. For example a self employed individual who took in 150k in income but had substantial business “expenditures” an only reported 75k in gross income, may have a debt to income ratio of 65-70% when in reality, had the business owner not written off as much income the ratio would be lower. Looking at the credit score (680-720 was the US average FICO score at the time representing a strong ability to repay) and the amount of money the borrower had in the bank (typically 3 months of principal interest taxes and insurance or more) the bank would allow the borrower to “state” 150k on their loan application.

After the events on September 11, 2001 Alan Greenspan lowered the Fed Funds rate to 1% (meaning if you invest in US Treasury Bonds you could expect a meager 1% return). The global economy needed a new market to invest trillions of dollars. The sub-prime mortgage companies, the rating agencies that were rating their securities, and Wall Street had a product that global investors would fall in love with. There were decades worth of data that said “If the fico score is X and the Loan to Value is Y, then the likely hood of repayment is Z” Now take this to a market that is commonly exposed to risk and tell them you are going to pay 4-7% on their money with little or no additional risk. It was a dream come true for investors. They poured more money into the US Mortgage markets, and therefore created an economy that was sustained purely by real estate. If not real estate what was fueling the post 9/11 economy?

This “thriving” economy created a natural sense of competition between mortgage lenders, pushing the envelope of lending, while maintaining the average default rates became the norm. New and more aggressive products were developed, such as option arms, interest only loans and No Documentation requirements. The rating agencies, however, were still telling Wall Street that these bonds were performing when in fact there was not sufficient data to accurately report on. Everyone was under the impression that housing prices would continue to rise, and if they did we would have little to no issues. It was similar to Bernard Madoff’s Ponzi scheme, but legal. If the home prices keep going up, people will naturally refinance, payoff debt and get out of their exotic loan prior to its payments having financial consequences on them.

Slowly, residential home values began to fall. The rating agencies that once held companies like Lehman Brothers and Bears Stearns in high esteem, turned their back and down graded their ratings from AAA to near junk bond levels. This instantly forced the global economy to stop pouring money into these companies and eventually sucking the life out of the mortgage market. The people who needed to refinance their current mortgage to avoid payment adjustments could not find a mortgage. Panic and crisis ensued. This is an extremely shortened version of what happened but hopefully it paints a clear picture.

Addressing the vilification of anyone who was involved in the mortgage industry at this time is challenging. People were all doing jobs and were employed to do so. Analysts looked at numbers and reported on numbers. Wall Street looked at profits and reported on profits. Mortgage Banks looked at default rates and lent in respect to minimizing defaults. Sales people, such as myself, sold products we were given. Home owners took out loans to refinance or purchase houses. That is it, no conspiracy, no criminal intent, a cycle that had little or no regulation that spun out of control. Now as stated before, as in any industry, there were scammers. I receive phone calls from “government specialists who can give me stimulus money to lower my monthly debt payments” I hear of kidney dialysis institutions not informing their patients about transplant opportunities to keep the Medicaid payments coming, lawyers who say they can win your case but insist you pay them a $5,000.00 retainer. Scammers are everywhere. To single out everyone and suggest they are criminals requires a lack of understanding or plain ignorance. There were mortgage brokers who lied to borrowers for profit, there were borrowers who forged documents to accelerate approval, and there were appraisers who inflated home values to aid brokers. At every step of the process there were con men, as in any industry a small percentage of fraud is expected.

So how do we prevent this? The answer is actually simple. It was written in a book that was featured on Saturday Night Live, titled “Don’t buy stuff you cannot afford”


http://www.hulu.com/watch/1389/saturday-night-live-dont-buy-stuff


Now let me be clear, this is not the only factor to prevent future economic crisis’. We need reform on Wall Street, reform of lending laws, reform on Real Estate agents practices and in many other areas. It would take a book to underline all the holes that need to be filled to prevent future economic crisis. But let’s first examine our spending habits, the purchase of many items in our life on credit. Credit is what created this bubble. Americans have gotten themselves into the practice of financing everything we buy instead of saving for purchases. I am sure I missed some key facts or haven’t clearly explained every issue I touch upon. So please when replying to this post, offer criticism that can be translated into action. Any defamatory comments will be removed. Let’s talk about the issues that led up to the crisis and hopefully we can work to make America a better place for our children.