I know some found my endorsement of Pres. Elect Obama to be less then honest, but it is actually how I feel. I want him to be successful and thus end the rift that still lives in the dark corners of this country. However, I still have my doubts. The chief of staff he has picked is a partisian politician. It's okay, just don't act like you are a bipartisian guy, then surround yourself with partisians.
I want the new administration to be successful internationally and have economic success at home, unlike many Democrats who believe what is bad for America is good for their party, I want America to be strong and successful first and then my politics second. However, I don't want peace by weakening our power and influence internationally. I don't believe that many of the campaign's issues will be successful in a weakened economy. I also don't believe their economic plan will do anything to improve our economy and only natural forces will revive it.
Chris Mendelsohn
© WithComment.com 2008
Tuesday, November 18, 2008
Friday, November 7, 2008
I want a successful President Obama
I know some found my endorsement of Pres. Elect Obama to be less then honest, but it is actually how I feel. I want him to be successful and thus end the rift that still lives in the dark corners of this country. However, I still have my doubts. The chief of staff he has picked is a partisian politician. It's okay, just don't act like you are a bipartisian guy, then surround yourself with partisians.
I want the new administration to be successful internationally and have economic success at home, unlike many Democrats who believe what is bad for America is good for their party, I want America to be strong and successful first and then my politics second. However, I don't want peace by weakening our power and influence internationally. I don't believe that many of the campaign's issues will be successful in a weakened economy. I also don't believe their economic plan will do anything to improve our economy and only natural forces will revive it.
© WithComment.com 2008
I want the new administration to be successful internationally and have economic success at home, unlike many Democrats who believe what is bad for America is good for their party, I want America to be strong and successful first and then my politics second. However, I don't want peace by weakening our power and influence internationally. I don't believe that many of the campaign's issues will be successful in a weakened economy. I also don't believe their economic plan will do anything to improve our economy and only natural forces will revive it.
© WithComment.com 2008
Monday, November 3, 2008
McCain uses the "S" Word to discribe Obama and commits Hypocracy
"The American people continue to learn more about Barack Obama. Now we know that the slogans 'change you can believe in' and 'change we need' are code words for Barack Obama's ultimate goal: 'redistributive change.' In a previously uncovered interview from September 6, 2001, Barack Obama expressed his regret that the Supreme Court hadn't been more 'radical' and described as a 'tragedy' the Court's refusal to take up 'the issues of redistribution of wealth.' - McCain
WC - I believe McCain is correct that Sen. Obama has socialist dreams, however, McCain is no better. As the news unfolds on the Senator's comments in 2001 on the courts and that they should have ruled for redistribution of income along with civil rights, he has also told us that he befriended a variety of people in college including Marxist, John McCain is out telling us how he wants to use 300 billion of the 700 billion "Rescue" package to help stabilize those bad mortgages. Isn't that "Socialism" too? Or at least "spreading the wealth" as Sen. Obama has famously said to "Joe the Plumber".
Sen. Obama is at least an egalitarian in that he does want political, social and civil rights to be equal for all but the added economic equality is what sets him apart from most Americans. Economic equality is the bases of socialism, but unlike a strict definition which would be to have a central government own and administrate the means of production, the American socialist movement is more about redistribution of income via the tax code. However, the last 6 weeks has showed us that people will accept, more likely not understand, that the preferred stocks the U.S.. government is receiving in exchange for cash is ownership.
Socialism over the next 4 years will increase under either administration, what we have to too out for is a permanent infiltration of the government into the private sector for the purpose of economic equality.
UPDATE: The congressional record shows that Sen. Obama wants an egalitarian society for even immigrants! (Opinion) (Congressional Record)
WC - I believe McCain is correct that Sen. Obama has socialist dreams, however, McCain is no better. As the news unfolds on the Senator's comments in 2001 on the courts and that they should have ruled for redistribution of income along with civil rights, he has also told us that he befriended a variety of people in college including Marxist, John McCain is out telling us how he wants to use 300 billion of the 700 billion "Rescue" package to help stabilize those bad mortgages. Isn't that "Socialism" too? Or at least "spreading the wealth" as Sen. Obama has famously said to "Joe the Plumber".
Sen. Obama is at least an egalitarian in that he does want political, social and civil rights to be equal for all but the added economic equality is what sets him apart from most Americans. Economic equality is the bases of socialism, but unlike a strict definition which would be to have a central government own and administrate the means of production, the American socialist movement is more about redistribution of income via the tax code. However, the last 6 weeks has showed us that people will accept, more likely not understand, that the preferred stocks the U.S.. government is receiving in exchange for cash is ownership.
Socialism over the next 4 years will increase under either administration, what we have to too out for is a permanent infiltration of the government into the private sector for the purpose of economic equality.
UPDATE: The congressional record shows that Sen. Obama wants an egalitarian society for even immigrants! (Opinion) (Congressional Record)
Friday, October 31, 2008
Paying for the future
Both John McCain and Barack Obama voted for the 700B “rescue” package that now will mostly be used to support banks and get liquidity into the markets. This solution which many are saying we followed the British on was actually talked about on day one of this crisis. People like Jim Cramer (CNBC’s “Mad Money”) had it right since August 2007!
So what have we done? What have we allowed our representatives to do? We have mortgaged our children and doomed those of us who make some money to higher tax rates. It will be impossible to “grow” our way out of this without true cuts in the governments spending. I am not just talking about the Federal government, but every state and every county and city. They all must learn to stop growing government and their source of power. There will be no more money to squeeze out of the citizens other then the Federal government getting the Fed to print cash.
As I asked over a week ago, I ask again. When will we pull out of this “Financial Surge” into the banking and Wall St. markets? What Senator Obama said about the war in Iraq can also be said of this “bailout/rescue” package, "…require a U.S. occupation (of the market) of undetermined length, at undermined cost, with undetermined consequences." His belief has been to not enter a war without an exit strategy. This belief works here too.
I recommend a freeze in all government budgets for 2 years and begin means testing of every line item, cutting or eliminating unnecessary spending. The true nature of government is to create an environment that promotes our “unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” and any thing else is outside the scope of government.
© WithComment.com 2008
So what have we done? What have we allowed our representatives to do? We have mortgaged our children and doomed those of us who make some money to higher tax rates. It will be impossible to “grow” our way out of this without true cuts in the governments spending. I am not just talking about the Federal government, but every state and every county and city. They all must learn to stop growing government and their source of power. There will be no more money to squeeze out of the citizens other then the Federal government getting the Fed to print cash.
As I asked over a week ago, I ask again. When will we pull out of this “Financial Surge” into the banking and Wall St. markets? What Senator Obama said about the war in Iraq can also be said of this “bailout/rescue” package, "…require a U.S. occupation (of the market) of undetermined length, at undermined cost, with undetermined consequences." His belief has been to not enter a war without an exit strategy. This belief works here too.
I recommend a freeze in all government budgets for 2 years and begin means testing of every line item, cutting or eliminating unnecessary spending. The true nature of government is to create an environment that promotes our “unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” and any thing else is outside the scope of government.
© WithComment.com 2008
Tuesday, October 7, 2008
Speak nothing
If Senator Obama wins in November it will because he followed the advice of Pres. Lincoln who said, “Better to remain silent and be thought a fool than to speak out and remove all doubt.” The Senator has followed this well. He has said very little about what is needed to help the financial markets and only comments on what others are or are not doing. Sen. McCain stepped in to it with his comment, “The fundamentals of the economy are strong.” And Obama decided to say nothing.
This charismatic man tells us what is wrong with the past like some Monday morning QB, but his future plans sound more like newspeak from some Orwellian alternate universe. “…we can take care of one another and build strong communities grounded in faith and family; that repairing the world is a task that each of us takes up every day. That is how we are going to meet the challenges we face." It sounds great but what does he want to do for us to become this community.
Senator Obama is looking smart without saying a thing, which makes me both frustrated and envious.
© WithComment.com 2008
This charismatic man tells us what is wrong with the past like some Monday morning QB, but his future plans sound more like newspeak from some Orwellian alternate universe. “…we can take care of one another and build strong communities grounded in faith and family; that repairing the world is a task that each of us takes up every day. That is how we are going to meet the challenges we face." It sounds great but what does he want to do for us to become this community.
Senator Obama is looking smart without saying a thing, which makes me both frustrated and envious.
© WithComment.com 2008
Monday, October 6, 2008
The McCain 29 day plan
I have put together some simple but much needed ideas for the McCain campaign to focus on for the next five weeks. I have sent this to the McCain campaign and I hope they take them up.
My inspiration was the 1994 “Contract with America”. Simple ideas everyone can understand. The problem with the current wall street/main street situation is that it is very complicated and most people, including half the people talking on TV, don’t have a good understanding of the problem or the solution.
I suggest 3 to 5 main ideas of reform, prosperity and peace that the McCain campaign needs to push. Push it in to campaigns, one lead by the Senator, and the other by the more conservative Governor. Allow her to run a shadow presidential campaign that allows her to be her and not feel constrained. In the last few interviews she looks like she is answering like someone else wants her to answer instead of herself.
Hammer only the ideas you decide on and don’t loose that focus of one month!
Some Ideas:
Reform:
Investment regulations and stronger oversight.
Mortgage industry reform through Fannie Mae and Freddie Mac.
Immigration.
Prosperity:
Freeze Budget for 2 years (exception for natural or national disasters)
Means testing for all budget items
8 year plan to reduce imported oil
8 year plan to rebuild the U.S. infrastructure
Roads
Bridges
Communication
Utilities
Peace:
Commitment to Iraq drawdown
Not a time frame but based on the battlefield.
© WithComment.com 2008
My inspiration was the 1994 “Contract with America”. Simple ideas everyone can understand. The problem with the current wall street/main street situation is that it is very complicated and most people, including half the people talking on TV, don’t have a good understanding of the problem or the solution.
I suggest 3 to 5 main ideas of reform, prosperity and peace that the McCain campaign needs to push. Push it in to campaigns, one lead by the Senator, and the other by the more conservative Governor. Allow her to run a shadow presidential campaign that allows her to be her and not feel constrained. In the last few interviews she looks like she is answering like someone else wants her to answer instead of herself.
Hammer only the ideas you decide on and don’t loose that focus of one month!
Some Ideas:
Reform:
Investment regulations and stronger oversight.
Mortgage industry reform through Fannie Mae and Freddie Mac.
Immigration.
Prosperity:
Freeze Budget for 2 years (exception for natural or national disasters)
Means testing for all budget items
8 year plan to reduce imported oil
8 year plan to rebuild the U.S. infrastructure
Roads
Bridges
Communication
Utilities
Peace:
Commitment to Iraq drawdown
Not a time frame but based on the battlefield.
© WithComment.com 2008
Tuesday, September 23, 2008
Now the truth can be told:
"If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions." (Article)
WC - Fannie Mae and Freddie Mac gathered 388 billion in AAA rated mortgages either by owning or guaranteed. The securities being backed by these mortgages were doing fine as long as real estate appreciated. When they failed, the house came down.
If there wasn’t a Fannie Mae or Freddie Mac or if they had been better regulated, there would be no market for these low rated mortgages and therefore none would have been made.
In 2004 these two organizations had an accounting scandal. Legislation was created (co-sponsored by John McCain) to create regulation that would have forced them to diversify out of these mortgages, yet the Democrats tied it up on committee and it was never voted on in the Senate.
The Democrats had very close ties to the lobby groups representing Freddie and Fannie so much that 3 of the biggest recipients of their money were Chris Dodd (1st), Barack Obama (2nd) and Hillary Clinton (12th) and Sen. Obama has only been in the Senate for 3 years!
“Socializing risk, while privatizing profit.” – Peter Wallison
WC - Fannie Mae and Freddie Mac gathered 388 billion in AAA rated mortgages either by owning or guaranteed. The securities being backed by these mortgages were doing fine as long as real estate appreciated. When they failed, the house came down.
If there wasn’t a Fannie Mae or Freddie Mac or if they had been better regulated, there would be no market for these low rated mortgages and therefore none would have been made.
In 2004 these two organizations had an accounting scandal. Legislation was created (co-sponsored by John McCain) to create regulation that would have forced them to diversify out of these mortgages, yet the Democrats tied it up on committee and it was never voted on in the Senate.
The Democrats had very close ties to the lobby groups representing Freddie and Fannie so much that 3 of the biggest recipients of their money were Chris Dodd (1st), Barack Obama (2nd) and Hillary Clinton (12th) and Sen. Obama has only been in the Senate for 3 years!
“Socializing risk, while privatizing profit.” – Peter Wallison
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