handout day

If a company makes a bad product that no one wants to buy, logically that company should go out of buisness so a company can come along that sells something people do want to buy. So if GM makes shitty cars, and they loose money because of it, why do I have to pay to keep them producing their shitty cars? If no one wants to buy their cars then maybe they should make better cars instead of me having to bail them out.

But i'm not a politician, and Michigan is a swing state, so this is the mathematics of politics where everything equals me getting screwed.

Obama won VS. Mccain Lost

Conservatives are arguing that Mccains lost was all his fault and that the country is still conservative. Liberals are arguing that americans wanted a change from conservative control. This debate is a little dumb because either way Obama won, and not only won but got 2/3 of the electoral vote. It wasn't a dead heat like the 04 election, this was a defining win for the Democrates.

And already, we are entering the presidential cycle for 2012. Conservatives are already battling over who will lead them and some are even planing campaigns in battle ground states. It's like the next primaries started the second Obama hit 270. If you thought the last cycle of politics was annoying, then get ready because now we are entering a world of 24 hour presidential campaigns.

It's the final Countdown!

This is it, less than a week to go. Will we get the guy too young to be president, or the guy who's too old? The suspence is killing me!

In the meantime, we have scandals, hidden birth cirtificates, long lost relatives and infomercials! Politics is the ultimate reality tv show!

Obama has won

At least, that's what I gather based on the big victory bash he is throwing. It doesn't guarantee victory because democrates dont need an exguse to spend a lot of money but there is a good chance he is right. Mccain did too little too late.

In other news, a woman tried to handcuff carl Rove claiming it was a citizens arrest for treason. Proving once and for all that people are dumb.

Not much else in the news, it's all about Obama obama obama, I can't watch the news anymore because i'm just sick of hearing his name.

Acorn says, why can't mickey mouse vote to?

So, the economy is up for the time being. In the meantime the democratic vote machine Acorn has registered can't, dead people, and Mickey mouse as Democrates. I've always found it interesting that most dead people, almost all of them in fact, vote for democrates. No, interesting isn't the right word, annoyed is better. The democrates are more corrupt than replublicans and get away with it, the republicans can't even have a sex scandal without being demonized while everyone still loves Bill Clinton. The replublicans need to catch up and start out corrupting the democrates, because right now we have a corruption deficit between the democrates and the replublicans and this deficit wont end with corruption going away, so right now it just seems like the Republicans dont want power badly enough.

If a dead man in virginia votes for Obama in Ohio, and it's reported in the news, and Obama wins Ohio, that is more of an insult to the republicans than anyone else.

I watched the last presidential debate and Mccain was destroyed by Obama. Mccain is just too old to be president. Yes he has experiance and is a hero, but he is still very likely to be dead in about 2 years.

To close, here is a Haiku I wrote about the election

Mccain wont attack
because Obama is black
Where did Palin go?

That pretty much sums up the entire election up to this point.

Not even Superman can save us.

It's no coincidence that superman's arch nemesis was a businessman who later became a politician. The bailout has passed, we are screwed, but nothing will be done about it. In one month every member of the house will be up for re-election, along with 33 senators and we are crowning a new president. And despite the financial mess all of them have led us to, 80% of them will be re-elected, and the few new faces will have no power because junior congressmen and senators are the political equivalents of freshmen in high school trying to play football with seniors. And by the time they do get some say they will be perfectly integrated in the Washington system. In the end, nothing changes, nothing, our system has been brilliantly designed though two centuries of politicians who wave the banner of the constitution like a badge of honor but in reality it's only a cover for the same games that everyone else plays.

yeah maybe I'm just cynical, but it really doesn't matter now who's fault it is. BOTH candidates voted for the bail out, so this issue wont get fixed no matter who makes it to the oval office.

Ok, enough on the economy, lets focus on the other big story. Tonight Sarah Palin will face Joe Biden in the Vice presidential debate. I personally can't stand it when people say she isn't qualified, because what qualifies anyone to do anything. Obama voted his opinion in the senate, Joe Biden did the same thing only longer, what qualifies anyone to do anything in politics beyond the qualification of enough American's voting for them? I like the fact that Sarah Palin doesn't know much about Washington, I want someone to go in there as untouched by that place as possible. I'm glad she's from Alaska, I hope she goes in there with no political ties, no idea how it works, and reshapes the whole place to how she thinks it should run because a Dog couldn't do a worse job than the people we have there now. In fact, if a Golden retriever was running for president right now on the platform that he would Bite and chase every Senator and representative out of Washington and replace them with puppies then he would have my vote because a dog wouldn't need my Tax money to spend it on his pet projects, a dog wouldn't take my private property to build a museum, a dog wouldn't force companies to take bad loans and if a dog were to meet the president of Iran he wouldn't need preconditions because he would be the only one to treat him the way he deserves and pee on his leg. Not to mention any dog put in Washington would be much nicer to look at than most politicians.

I had to edit this post a few times to take out the swearing, but I feel better now.

Bottom line

If Mccain wins he will be handicapped by a democrat controlled congress. If Obama wins, we will get Obama. Either way the next four years wont be any better than the last four.

I have no idea what to think of the dow anymore. It goes up 300, down 700, up 400..... It's so wild that I dont see how people use it to gage the economy anymore.

With all that going on, this video just adds the last straw, i'm not watching the news for a week.

http://www.youtube.com/watch?v=TW9b0xr06qA

Victory for all

YAY! OH HOORAY! Mccain has cancelled his Campaign and now I wont have to sit though another boring presidential Debate. Well, we havn't really had a presidential debate for a long time, more like boring joint news conferences where the canidates regurgitate talking points from their campaign speeches.

Click the link to see my celebration dance performed by Godzilla!

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

Oh yeah, and the government is having a hard time spending 700 billion dollars of our money. I dont see why it's so hard because even though they didn't work for it, politicians still think they own that money anyway, and they havn't had any problem spending trillions of it so far.

Obama fights with his Vice president, Mccain fights with congress, and Ahmadenijad is still angry!

It seems that Biden and Obama are fighting among themselves over an attack add launched by Obama against Mccain. Biden said the add was innapropriate. However, Obama countered Biden by sourcing recent attack adds against Obama by Mccain. Obama's add insulted Mccain for not knowing how to use a computer (apparantly Obama doesn't know about his war injury), I'll let you all decide which is more annoying, but, one good thing is that we wont have to listen to these grown men bickering two months from now.

Shocking news from the U.N! Ahmadeinejad still hates us! And according to him, so does Allah! But, outside of that news he did have some insight about the U.S. financial situation, according to him it's a punnishment for Allah for what we are doing in the middle east. Which begs the question, if our economy is Allah's punnishment, then in what kind of world is the Iranian economy a gift?

And finally, John Mccain is growing incresingly critical of the 700 billion dollar bail out Congress is preparing to pass. At the same time, Obama is putting more of his support behind it. Mccain is in favor of government action but the two seem to disagree about the best way to go about fixing the banking crisis. My only question, would either of them be willing to bail out these failed companies if they had to pay for it? If they even had to work for the money that we are foced to give them so they can decide how to spend it? Sometimes I really wish I could live in the world of a senator, it must be a beautiful, blissful world. A place where you get all the bennefits of America, and the only work you have to do for it is vote yes or no every couple of weeks. And even then usually not all of the senators even show up. Yep, must be nice to be a senator, even better if you are a senator and think that because you have voted yes or no enough times you diserve to be president.

I think i'm getting cynical, maybe it comes from being a political science major.

Banks, and storms and Palin oh MY!

Lots of bad news today, In the stock market the bank Lehman Brothers went bankrupt. Thinking they would get the same government bail out as Fannie mae and freddie mack, the Bank was left to sink after the government denied them the billions they needed to stay in buisness. After this loss the dow jones went down a record 500 points.

In the South, hurricane IKE has left millions without power, has damaged oil supply lines raising the price of gas, (especially in Georgia it went up 2.00 in about 4 hours!) and authorities are still assessing the full damage done by the storm.

But, some good things happned today, Palin has thrusted Mccain ahead of Obama despite the financial difficulties. Which makes this day 21 of Obama's regret of not picking Hillary as his running mate.

Government takes over Mortgage companies

By MARTIN CRUTSINGER and ALAN ZIBEL
AP Business Writers
Related
Fannie, Freddie deal helps some borrowers, not all
Stocks rally on plan for mortgage giants
WASHINGTON —
Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market. The Bush administration is seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing and credit crisis.
But private analysts worried that it may not be enough to stabilize the slumping housing market given the glut of vacant homes for sale, rising foreclosures, rising unemployment and weak consumer confidence.
Mark Zandi, chief economist at Moody's Economy.com predicted that 30-year mortgage rates, currently averaging 6.35 percent nationwide, could dip to close to 5.5 percent. That's because investors will be more willing to buy the debt issued by Fannie and Freddie - and at lower rates - since the federal government is now explicitly standing behind that debt.
"Effectively, the federal government has now become the nation's mortgage lender," he said. "This takes a major financial threat off the table."
Officials announced Sunday that both Fannie Mae and Freddie Mac were being placed in a government conservatorship, a move that could end up costing taxpayers billions of dollars.
Treasury Secretary Henry Paulson refused to estimate how much the takeover of the two companies will cost the government, but he insisted that taxpayers will get paid back first.
"We structured this facility to protect the taxpayer," Paulson said Monday in an interview on the CBS Early Show. "The government will be repaid ... before the shareholders of these companies get a penny."
In a separate appearance on CNBC, Paulson said "we obviously don't know" when asked how much the takeover could end up costing taxpayers. He said that will depend on how quickly the housing market turns around.
Wall Street posted a huge rally Monday as investors reacted with enthusiasm to the government's actions. The Dow Jones industrial average was up nearly 280 points in late morning trading.
The plan also touched off a global stock rally. Japan's Nikkei stock average jumped 3.4 percent and Hong Kong's Hang Seng index surged 4.3 percent. In morning trading, Britain's FTSE 100 jumped 3.81 percent, Germany's DAX index rose 3.21 percent, and France's CAC-40 surged 4.44 percent.
Foreign investors own about $1.5 trillion of the debt issued by Fannie, Freddie and smaller agencies such as Ginnie Mae with about $1 trillion of that amount held by foreign governments.
Fannie and Freddie, which together own or guarantee about $5 trillion in home loans, about half the nation's total, have lost $14 billion in the last year and are likely to pile up billions more in losses until the housing market begins to recover.
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The Treasury Department said it was prepared to put up as much as $100 billion over time in each of the companies if needed to keep them from going broke, in exchange for senior preferred stock. Treasury will immediately be issued $1 billion of such stock from each company, which will pay 10 percent interest. Further purchases of preferred stock will be triggered if quarterly audits find that the companies' capital cushion is below prudent standards.
The government, which will receive warrants representing ownership stakes of 79.9 percent in each company, is hoping that its moves will reassure nervous investors that they can continue to buy the debt of the two companies.
In a statement, President Bush said, "Americans should be confident that the actions taken today will strengthen our ability to weather the housing correction and are critical to returning the economy to stronger sustained growth."
The conservatorship will be run by the Federal Housing Finance Agency, the new agency created by Congress this summer to regulate Fannie and Freddie, a move taken at the same time that Congress greatly expanded the power of the Treasury Department to make loans to the two companies and purchase their stock.
The executives and board of directors of both institutions are being replaced. Herb Allison, the former head of the TIAA-CREF retirement investment fund, was selected to head Fannie Mae, and David Moffett, a former vice chairman of US Bancorp, was picked to head Freddie Mac.
Paulson was careful not to blame Daniel Mudd, the outgoing CEO of Fannie Mae, or Freddie Mac's departing CEO, Richard Syron, for the companies' current problems. While both men are being removed as the top executives, they have been asked to remain for an unspecified period to help with the transition.
Fannie and Freddie both purchase home loans from banks and then repackage those loans as mortgage-backed securities that they either hold on their own books or sell to investors around the globe. This process provides banks with more money to make more home loans, greatly expanding home ownership.
The impact of the government takeover on existing common and preferred shares, which have slumped in value in the last year, will depend on how investors react to Paulson's assertion that they must absorb the cost of further losses first. Under the plan, dividends on both common and preferred stock would be eliminated, saving about $2 billion a year.
Analysts were split on how much the takeover could eventually cost taxpayers although they all agreed the up-front costs will be substantial, possibly hitting $100 billion as the Treasury is called upon to bolster the capital cushions at both institutions.
However, if the plan does the trick of stabilizing the housing market and home prices stop falling and rebound, then the assets of both Fannie and Freddie should rise in value and the government should be able to sell off the companies and recoup its investments.
But it could take a long time to work through that process given all the headwinds facing housing at the moment from the plunge in home prices to soaring defaults on mortgages which are dumping more homes on an already glutted market. The weak economy has pushed unemployment to a five-year high of 6.1 percent, further reducing demand for homes.
"I think the government will end up having to put in far more money then they are planning right now (given all the problems facing housing) but the important thing is the agencies have been taken over by the government," said Sung Won Sohn, an economics professor at California State University Channel Islands. "That means there will be less panic in financial markets."
Under government control, the companies will be allowed to expand their support for the mortgage market over the next year by boosting their holdings of mortgage securities they hold on their books from a combined $1.5 trillion to $1.7 trillion. Starting in 2010, though, they are required to drop their holdings by 10 percent annually until they reach a combined $500 billion.
In addition, officials said the Treasury Department plans to purchase $5 billion in mortgage-backed securities issued by the two companies later this month, the first of a series of purchases planned by the government in an effort to bolster for these securities, which was badly shaken a year ago when the credit crisis first erupted with soaring defaults on subprime mortgages.
Paulson said that it would be up to Congress and the next president to figure out the two companies' ultimate structure and the conflicting goals they operated under - maximizing returns for shareholders while also being required to facilitate home buying for low- and moderate-income Americans.
"There is a consensus today ... that they cannot continue in their current form," he said.
---

Difference dissapears between Mccain and Obama Polls

After the political parties conventions, the poll differences between Mccain and Obama have almost dissappeared. The introduction of Sarah Palin has given him a sharp edge against Obama and what was once a one sided race has now become neck and neck with the election less than 3 months away.

Palin Power

Governor Palin came out swinging in Day 3 of the RNC convention, hitting hard at both of her poltical rivals in the DNC, the Liberal Media, and putting up strong defences of herself and her running mate John Mccain. So far there has been no responce from Obama, but we can imagine he has an army of people scrambling to come up with ammo to fire back.

Another Bush Gone

It's hard to believe another Bush is about to leave us. Yes he had his faults, and maybe he wasn't the best man for the job. But he was a man who was never hesitant, he always took action in what he thought was the best interest and he never looked back. He is a man who did what the people asked him to do, and I'm going to miss his quirky little face that graced us with every public speech he gave.

But now it is time to choose a new leader to take up the mantle. Both have history on their side, we will either get the first black president in our history, or the first female vice president, either way after this election America wont be the same place that George W. Bush left it.

So this is my good buy to who I believe is the best president we have had in the last two decades. When there was a threat against us he showed only swift and decisive action, and that's all I could ever ask of a president. Regardless of all his faults he is someone who was never afraid to go against public opinion, and stopped at nothing to achieve his goals. His polls may be down but here is one citizen who will still miss him when he is gone.

Palin Comes out Swinging!

Taken from the Drudge report on September 3rd, Governor Palin shows that she doesn't take political insults lying down. Personally i'm just glad that there is a woman in the race now who looks good and doesn't get an annoying screech in her voice whenever she talks.

_____________________________

By LIZ SIDOTI

ST. PAUL, Minn. (AP) - Alaska Gov. Sarah Palin cast herself as a small-town outsider and "just your average hockey mom" on Wednesday as she introduced herself to the nation as John McCain's vice presidential running mate and fellow maverick.
In excerpts of the most anticipated speech of the Republican National Convention, the 44-year-old first-term governor also took a swipe at Democratic presidential nominee Barack Obama and what she called the "Washington elite."
"Here's a little news flash for all those reporters and commentators: I'm not going to Washington to seek their good opinion. I'm going to Washington to serve the people of this country," she said in her prepared remarks.
Selected by McCain less than a week ago, Palin was addressing the convention - and millions of voters at home - amid questions about her qualifications and relative lack of experience.
The Alaska governor had top billing at the convention on a night delegates also lined up for a noisy roll call of the states to deliver their presidential nomination to McCain.
"I had the privilege of living most of my life in a small town. I was just your average hockey mom, and signed up for the PTA because I wanted to make my kids' public education better," she said, speaking of her home town of Wasilla, Alaska, with a population of about 6,500.
"When I ran for city council, I didn't need focus groups and voter profiles because I knew those voters, and knew their families, too."
Before becoming governor, Palin served as mayor of Wasilla, she recounted, adding: "And since our opponents in this presidential election seem to look down on that experience, let me explain to them what the job involves. I guess a small-town mayor is sort of like a 'community organizer,' except that you have actual responsibilities."
That was a clear jab at Obama, who as a young man worked as a community organizer in Chicago, an experience he speaks about frequently on the campaign trail.
In another indirect barb directed at the Illinois Democrat, Palin said: "Here's how I look at the choice Americans face in this election. In politics, there are some candidates who use change to promote their careers. And then there are those, like John McCain, who use their careers to promote change."
In town for the speech were members of Palin's family, including husband Todd, and their children, including 17-year-old Bristol Palin, whom Palin disclosed earlier in the week was five months pregnant. Bristol Palin and her 18-year-old boyfriend, Levi Johnston, were expected to appear together as part of the GOP convention program Wednesday night.
The pair were with Palin when she greeted McCain at the airport earlier Wednesday.
McCain shook up the presidential race last Friday by picking Palin, a little-known governor less than two years in office. Since then, a bright spotlight has been trained on the life and record of the Republican governor who has bucked the state's political establishment.
Days after Palin made her debut on the national stage with McCain, the campaign announced her unmarried daughter's pregnancy. Other disclosures followed, including that a private attorney is authorized to spend $95,000 of state money to defend her against accusations of abuse of power and that Palin sought pork-barrel projects for her city and state, contrary to her reformist image.
The speech was Palin's first chance to fully introduce and define herself to the American public and to seek to explain how her experiences as Alaska governor would help galvanize the GOP ticket.
In the excerpts released by the McCain campaign, Palin emphasized energy policy, one of her areas of expertise as governor of a state that derives 85 percent of its general revenue comes from oil production
"Our opponents say, again and again, that drilling will not solve all of America's energy problems - as if we all didn't know that already. But the fact that drilling won't solve every problem is no excuse to do nothing at all," she said.
Palin has been an aggressive advocate for drilling in Alaska's Arctic National Wildlife Refuge, while McCain opposes drilling there. That difference was not touched on in the excerpts.
Palin said that in a McCain-Palin administration "we're going to lay more pipelines, build more nuclear plants, create jobs with clean coal, and move forward on solar, wind, geothermal, and other alternative sources. We need American energy resources, brought to you by American ingenuity, and produced by American workers.