2 Videos of 2 demagogues trying to rewrite history of their past statements

Here's two videos to think about on election day, Tuesday 2 November, 2010. The first one is from For America reminding us of what a nightmare Obamacare is. The second one is from CNBC Power Lunch.  It features the master of the disasters known as Fannie Mae and Freddie Mac, rep Barney Frank, the first openly gay congressman and currently the chairman of the house financial services committee.  In it he states after the FM/FM collapse that he was always opposed to sub prime mortgages and advocated more rental housing??!!  Does he not know most of his statements in congress are on C-Span and in many cases YouTube as well?  The Power Lunch reporters conjured up one statement from 2005 that contradicts his first statement.

video 1

video 2

Nancy Pelosi buys votes with Obamacare Promise

Quote of the Day:

We see it as an entrepreneurial bill, a bill that says to someone, if you want to be creative and be a musician or whatever, you can leave your work, focus on your talent, your skill, your passion, your aspirations because you will have health care.”

Speaker of the House Nancy Pelosi May 2010

Counter Quote of the Day:

"Imagine, if you will, that I am an idiot.
Then, imagine that I am also a Congressman.
But, alas, I repeat myself."
-- Mark Twain

I found this video of Speaker Nancy Pelosi encouraging musicians to give up their regular jobs to pursue development of their creative or performing arts skills.  The USA is in an economic depression and she tells people that have jobs that provide health insurance to quit and follow their dreams.  Thankfully, she does not start singing "Climb Every Mountain" from the "Sound of Music."

Obamacare 101

I just read an interesting article on the Business and Media Institute's website about Obamacare. McDonald's and White Castle both did studies to asses the effects of Obamacare on their business. McDonald's concluded that their franchisees would lose 15% to 20% of their profits if all the provisions of Obamacare are enforced. White Castle found that their net income would decline by 55%. You do not need an Ivy league law degree to realize a 55% loss of net income will not start a hiring frenzy. It will probably lead to restaurant closings, layoffs and workers getting fewer work hours AKA underemployment.

BTW, the article was titled "We are Headed for 15 Percent Permanent Unemployment."

A sad day for the First Family

The first family is vacationing at Martha's Vineyard. Some of the beaches there are closed due to possible coliform contamination. President Obama played golf instead of swimming.

Rima Fakih, the first Muslim winner of the Miss USA pageant, said she agreed with Mr. Obama's statement that the Cordoba Initiative has the Constitutional right to build a mosque there. She also went on to say she felt it should not be built so close to ground zero. According to the New York Post, she said "I also agree that it shouldn't be so close to the World Trade Center. We should be more concerned with the tragedy than religion."

Finally, Obama's mortgage aid program had a 48% dropout rate according to a recent treasury department report. "The government program as currently structured is petering out. It is taking in fewer homeowners, more are dropping out and fewer people are ending up in permanent modifications," said Mark Zandi, chief economist at Moody's Analytics. This was reported at BreitBart.com in an article by AP's Economics Writer Martin Crutsinger. On the bright side 32% of homeowners in the program received permanent mortgage modifications and are current on their payments.

Treasury Department hosts housing conference

The Treasury Dept is hosting a conference on the future of the US Government in the housing and mortgage industries. Mortgage executives and government housing officials will attend this first of many conferences on this subject. (Was anyone expecting decisive action from a pre-lame duck administration and congress?) Government officials are expected to say that government needs to decrease its involvement in the housing and mortgage industries. In December 2009, the US Treasury removed the $400 billion limit on bailing out Fannie and Freddie. This puts the US taxpayers at risk for any and all losses Fannie and Freddie sustain. How much more involved can the US government get with these 2 companies? At $400 Billion, the sky was the limit. Unlimited liability will put us on the dark side of the moon.

Another consideration is the US Congress, specifically the house financial services committee. Barney Frank, Maxine Waters and cohorts allowed Franklin Raines, director of Fannie Mae to change the pay plan so he received $91 million from 1998 to 2004. Then accounting discrepancies (AKA cooking the books) were uncovered and he was forced out and had a settlement of $24 million on the charges. Look for resistance to reform by the boatload from these folks. Click here for my post on Barney Frank.

Update on my earlier post

Before the people with no sense of humor start accusing me of advocating barbarian practices, let me say this.

First, The human cannonball solution was done with zip point naught seriousness on my part. This would flood the Mexican embassy with trial lawyers seeking work visas in Mexico. hhhmmmm maybe that would cut down on medical malpractice suits and help bring down health insurance costs. I also think it would be cruel to the aliens.

Second, I made the IRS agent suggestion only half in jest. What kind of health care reform bill needs 16,000 IRS agents. Not any real ones. How many tax and spend bills would need that many agents? All of them. I am all for health care cost reform. That is why I am opposed to the Obama-Pelosi-Reid socialized health care disaster.

A simple solution to the Arizona illegal aliens problems

I was websurfing earlier today and saw an article about the Arizona border security problems with illegal aliens. Beside it was a picture of a Border Patrol Agent using binoculars to survey the border for illegal aliens. He had a pickup truck with a cap on it for holding prisoners. Then I realized what the problem was: Border Patrol Agents are too wimpy and kind-hearted for the task. They carry water and nabs for illegal aliens they find suffering from dehydration and low blood sugar.

Then I had an inspiration. Remember when President Obama ordered 1200 national guard troops sent to the border to support law enforcement agents? The troops could not actually enforce laws just support the enforcers. Now, remember how many IRS agents would need to be hired if Obamacare is not defeated? Try 16,000 or 320 per state. His actions speak louder than his words and tell of different agendas.

Why not just take 3,200 of those agents and put them on Arizona border enforcement. Take off the Border Patrol markings on the vehicles and replace them with IRS markings. At the busier crossings have an armored truck to safeguard all the fines and penalties they impose. This would make the most determined prospective illegal alien think twice before crossing.

Another quick solution. Buy cannons used by the circuses for human cannonball shows and set them up at the border. Give them a summary trial at the border then outfit them with a parachute, a water bottle and a pack of nabs. Then shoot them across the Rio Grande. Think of all the paperwork that would save not to mention cutting down on recidivist crossers.