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Be prepared for bare-knuckled intellectual debate or go see one of my "softer" colleagues. Keep the Faith and keep the faith. The populist revolution has begun!
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Anger Over Prop. 8 Erupts In San Francisco
POSTED: 10:40 pm PST November 14, 2008
UPDATED: 11:57 pm PST November 14, 2008
SAN FRANCISCO -- In San Francisco's Castro District, people on both sides of the same-sex marriage controversy confronted each other on Friday night, as police tried to keep the peace. Proposition 8 passed in a close vote and eliminated the right of same-sex couples to marry.
Members of the gay community said that almost every Friday night, a Christian group meets at the corner of Castro and 18th Streets. They try to convert gays and lesbians into a straight lifestyle.
This Friday night, the message didn't go over well. Some gays and lesbians reacted by trying to chase the group out of the Castro.
"Their rights were respected," said Joe Schmitz, an opponent of Prop 8. "They got a chance to go ahead and pray on the sidewalk and I had the opportunity to express my freedom of speech which is telling them to get out of my neighborhood."
San Francisco Police officers in riot gear formed a line and escorted the religious group into a van to safely get them out of the area.
Members of the gay community insisted that their reaction to the Christian group was spontaneous. "It was not an organized thing. We're tired of it. It's not religious. It's not a racial thing. It's about hate. We're trying to send a message across the world that we're standing up and we don't want this to go on anymore," said Adam Quintero.
Supporters of same-sex marriage plan on Saturday to stage a national day of protest against Prop 8. Some demonstrators told KTVU that they are planning on more than protests. They say they plan to break away and carry out acts of civil disobedience.
In San Francisco, the demonstration is scheduled to take place outside City Hall. Other demonstrations are planned in Oakland and Walnut Creek, and in New York, Washington, Chicago and other U.S. cities...
http://www.ktvu.com/news/17986914/detail.html Read More »
POSTED: 10:40 pm PST November 14, 2008
UPDATED: 11:57 pm PST November 14, 2008
SAN FRANCISCO -- In San Francisco's Castro District, people on both sides of the same-sex marriage controversy confronted each other on Friday night, as police tried to keep the peace. Proposition 8 passed in a close vote and eliminated the right of same-sex couples to marry.
Members of the gay community said that almost every Friday night, a Christian group meets at the corner of Castro and 18th Streets. They try to convert gays and lesbians into a straight lifestyle.
This Friday night, the message didn't go over well. Some gays and lesbians reacted by trying to chase the group out of the Castro.
"Their rights were respected," said Joe Schmitz, an opponent of Prop 8. "They got a chance to go ahead and pray on the sidewalk and I had the opportunity to express my freedom of speech which is telling them to get out of my neighborhood."
San Francisco Police officers in riot gear formed a line and escorted the religious group into a van to safely get them out of the area.
Members of the gay community insisted that their reaction to the Christian group was spontaneous. "It was not an organized thing. We're tired of it. It's not religious. It's not a racial thing. It's about hate. We're trying to send a message across the world that we're standing up and we don't want this to go on anymore," said Adam Quintero.
Supporters of same-sex marriage plan on Saturday to stage a national day of protest against Prop 8. Some demonstrators told KTVU that they are planning on more than protests. They say they plan to break away and carry out acts of civil disobedience.
In San Francisco, the demonstration is scheduled to take place outside City Hall. Other demonstrations are planned in Oakland and Walnut Creek, and in New York, Washington, Chicago and other U.S. cities...
http://www.ktvu.com/news/17986914/detail.html Read More »
I think we all owe a debt of gratitude to Sen. Clinton for her help in the general election. Sen. Clinton proved once again that is a class act and the epitomy of what it means to be a Democrat. Though a few of her supporters never came around, the fact that well over 90% of Democrats voted for President-Elect Obama showed that the "PUMA effect" was practically non-existent. The election of President-Elect Obama was due to the Clinton Democrats' full support and for that, I, and many others like me, are certainly grateful.
R.I.P. PUMA and Lady Lynn Forester de Rothschild. You're about to learn how cold it is in the poltical wilderness.
R.I.P. PUMA and Lady Lynn Forester de Rothschild. You're about to learn how cold it is in the poltical wilderness.
Marriage has traditionally been between a man and a woman since the founding of the United States. To change something that embedded in the history of America should be put to a fair vote of the electorate as was civil rights. The results of CA Proposition 8 should send a clear message to the GLBT community that even in the most liberal of states; more than half of the electorate do not share your view in this matter. That is a democracy. That is the very foundation our great nation is built upon.
The GLBT community should reconsider their strategy at this time and come to the realization that, for at least another generation, Civil Unions will have to be an alternative. Polling indicates that state electorates, such as in CA, will have a lot easier time supporting Civil Unions than they will gay marriage.
Is this fair? No. Is it the old axiom of "separate but equal"? Yes, it is. But the civil rights contingent had to go through this period and it would appear that a majority of the electorate would want the same for the GLBT community if for no other reason than to give society, as a whole, time to adjust.
I'm confident that in one generation, or less, homosexuality will be considered as little as someone who is left-handed as many do now. I, like the GLBT community, look forward to that day. Every tax paying American citizen should be allowed to enjoy the benefits of a legally recognized marriage.
But while 52%+ of the electorate are prepared to accept an African-American as POTUS, the CA results clearly indicate that gay marriage is not that widely accepted. That is a true shame but, as in the POTUS election of two nights ago, the people have spoken. And the Democratic Party should not squander and of its mandate to force this through the Congress. To do so would violate the trust of a majority of the electorate. At best, this is a late second term item for the agenda and we need to see one state, any state, have a majority of its electorate approve gay marriage as opposed to judicial ruling(s). Pursue Civil Unions. That is your best chance, IMHO, for the foreseeable future.
The GLBT community should reconsider their strategy at this time and come to the realization that, for at least another generation, Civil Unions will have to be an alternative. Polling indicates that state electorates, such as in CA, will have a lot easier time supporting Civil Unions than they will gay marriage.
Is this fair? No. Is it the old axiom of "separate but equal"? Yes, it is. But the civil rights contingent had to go through this period and it would appear that a majority of the electorate would want the same for the GLBT community if for no other reason than to give society, as a whole, time to adjust.
I'm confident that in one generation, or less, homosexuality will be considered as little as someone who is left-handed as many do now. I, like the GLBT community, look forward to that day. Every tax paying American citizen should be allowed to enjoy the benefits of a legally recognized marriage.
But while 52%+ of the electorate are prepared to accept an African-American as POTUS, the CA results clearly indicate that gay marriage is not that widely accepted. That is a true shame but, as in the POTUS election of two nights ago, the people have spoken. And the Democratic Party should not squander and of its mandate to force this through the Congress. To do so would violate the trust of a majority of the electorate. At best, this is a late second term item for the agenda and we need to see one state, any state, have a majority of its electorate approve gay marriage as opposed to judicial ruling(s). Pursue Civil Unions. That is your best chance, IMHO, for the foreseeable future.
Barack Obama and Joe Biden 1,313,103 49.56%
John McCain and Sarah Palin 1,308,123 49.37%
Precincts Reporting:
1,997 of 2,496 (80.00%)
Voter Turnout:
2,649,181 of 4,912,971 active voters (53.92%)
2,649,181 of 5,034,660 total voters (52.61%) Votes by County/City
https://www.voterinfo.sbe.virginia.gov/election/DATA/2008/07261AFC-9ED3-410F-B07D-84D014AB2C6B/Unofficial/1_s.shtml
How's that for close. We're still waiting to hear from Richmond, Roanoke, and part of northern VA. VA will be close!
Congratulations to Senator-Elect Mark Warner!
John McCain and Sarah Palin 1,308,123 49.37%
Precincts Reporting:
1,997 of 2,496 (80.00%)
Voter Turnout:
2,649,181 of 4,912,971 active voters (53.92%)
2,649,181 of 5,034,660 total voters (52.61%) Votes by County/City
https://www.voterinfo.sbe.virginia.gov/election/DATA/2008/07261AFC-9ED3-410F-B07D-84D014AB2C6B/Unofficial/1_s.shtml
How's that for close. We're still waiting to hear from Richmond, Roanoke, and part of northern VA. VA will be close!
Congratulations to Senator-Elect Mark Warner!
VA is going to be closer than it looks. The weather forecast is for rain in the SE quadrant of the state. This is a big area for the Republicans due to the military population of Hampton Roads however, we're relying on heavy African-American turnout in Portsmouth, Norfolk, and Newport News.
Along the I-95 corridor, where we Democrats enjoy the advantage, the forecast is for intermittent rain. While none of the projected precipitation for Election Day is expected to be severe, it may have an impact on voter turnout.
So where does that leave us? I stand by my original predicition from last week.
Obama 49%
McCain 47%
Nader 2%
Barr 1%
All others 1%
Senate:
Former Gov. Mark Warner (D-VA) 62%
Former Gov. Jim Gilmore (R-VA) 35%
House:
Dems +1
Along the I-95 corridor, where we Democrats enjoy the advantage, the forecast is for intermittent rain. While none of the projected precipitation for Election Day is expected to be severe, it may have an impact on voter turnout.
So where does that leave us? I stand by my original predicition from last week.
Obama 49%
McCain 47%
Nader 2%
Barr 1%
All others 1%
Senate:
Former Gov. Mark Warner (D-VA) 62%
Former Gov. Jim Gilmore (R-VA) 35%
House:
Dems +1
CAPE CANAVERAL, Fla. (AP) - NASA officials said Wednesday it might be possible to try out its new moon rocketship a year earlier than its current target date of 2015.
That would mean just a four-year gap between the last space shuttle flight and the next-generation spacecraft, instead of five years. Many in Congress, including the two presidential candidates, are troubled by the prospect of the United States having to rely on Russia for trips to the international space station during that time.
NASA is midway through a study looking at ways to move up its March 2015 test launch of the new Ares rocketship with a crew, in case the next president wants that. The new rocket would ultimately return the United States to the moon, but the initial flights would be to the space station.
It will be difficult to accelerate the mission by much more than a year, however, said Jeff Hanley, manager of NASA's back-to-the-moon program, called Constellation.
"We're shooting for a more aggressive date of September 2014," and looking at even faster options, he said. "The real stretch is what can we do to accelerate as much as 18 months. That will be particularly hard."
The two-month study, which includes outside experts, should be completed in early December. Read More »
That would mean just a four-year gap between the last space shuttle flight and the next-generation spacecraft, instead of five years. Many in Congress, including the two presidential candidates, are troubled by the prospect of the United States having to rely on Russia for trips to the international space station during that time.
NASA is midway through a study looking at ways to move up its March 2015 test launch of the new Ares rocketship with a crew, in case the next president wants that. The new rocket would ultimately return the United States to the moon, but the initial flights would be to the space station.
It will be difficult to accelerate the mission by much more than a year, however, said Jeff Hanley, manager of NASA's back-to-the-moon program, called Constellation.
"We're shooting for a more aggressive date of September 2014," and looking at even faster options, he said. "The real stretch is what can we do to accelerate as much as 18 months. That will be particularly hard."
The two-month study, which includes outside experts, should be completed in early December. Read More »
I witnessed something today that made me incredibly proud. Something that gives me hope for a better tomorrow. Those events are few and far between these days.
My mother is seventy-nine years old and is from the coal camps of the great state of WV. She was still in diapers when the Great Depression started in 1929 and, needless to say,
her childhood consisted of a dirt-poor existence during the depression and World War Two. How these people made it through that is beyond me but it speaks volumes as to
the noble and enduring spirit of this generation of Americans. It is that spirit and perservernace that we should all aspire to.
My mother was an ardent supporter of Sen. Hillary Clinton (D-NY) during the Democratic primary. She proudly casted her ballot for Sen. Clinton on 12FEB08 here in VA. When Sen. Clinton conceded, my mother was crushed and took her disappointment out on our nominee, Sen. Obama (D-IL). Furthermore, my mother is from a different
time. She had the old prejudices from a time that should be long forgotten but isn’t. It was the same reservations that Sen. Obama expressed about his ailing grandmother having. In fact, at the behest of my now decease father, she voted for Gov. George
Wallace (I-AL) in the 1968 election.
At first, she stated that she was going to vote for Sen. McCain (R-AZ) out of anger for the way she perceived that Sen. Clinton was treated. For all intents and purposes, she was a de facto PUMA without even knowing what a PUMA was. Slowly, she realized the error
of doing that. After all, people of her generation from WV believe in God, guns, coal, and Robert C. Byrd Democrats. She then thought of casting a write-in ballot for Sen. Clinton. Then she realized the futility of that.
Today, her absentee ballot came in the mail that we requested from VA Board of Elections. Her heart condition and athritis would not her stand in line for hours on Election Day. She stated she would miss the sense of community one feels when they’re standing in line with their neighbors to perform their second most important civic duty as Americans. The most important, of course, is to defend this nation from all enemies foreign and domestic. But today, I am proud to report that after much soul searching, and a bit campaigning from her only child, namely me, that my mother proudly cast her VA
Absentee Ballot for Senator Barack H. Obama, hopefully to be our forty-fourth President of the United States. And now all I can think about are the words of the great Senator Edward M. Kennedy (D-MA), “The hope still lives and the dream shall never die.”
My mother is seventy-nine years old and is from the coal camps of the great state of WV. She was still in diapers when the Great Depression started in 1929 and, needless to say,
her childhood consisted of a dirt-poor existence during the depression and World War Two. How these people made it through that is beyond me but it speaks volumes as to
the noble and enduring spirit of this generation of Americans. It is that spirit and perservernace that we should all aspire to.
My mother was an ardent supporter of Sen. Hillary Clinton (D-NY) during the Democratic primary. She proudly casted her ballot for Sen. Clinton on 12FEB08 here in VA. When Sen. Clinton conceded, my mother was crushed and took her disappointment out on our nominee, Sen. Obama (D-IL). Furthermore, my mother is from a different
time. She had the old prejudices from a time that should be long forgotten but isn’t. It was the same reservations that Sen. Obama expressed about his ailing grandmother having. In fact, at the behest of my now decease father, she voted for Gov. George
Wallace (I-AL) in the 1968 election.
At first, she stated that she was going to vote for Sen. McCain (R-AZ) out of anger for the way she perceived that Sen. Clinton was treated. For all intents and purposes, she was a de facto PUMA without even knowing what a PUMA was. Slowly, she realized the error
of doing that. After all, people of her generation from WV believe in God, guns, coal, and Robert C. Byrd Democrats. She then thought of casting a write-in ballot for Sen. Clinton. Then she realized the futility of that.
Today, her absentee ballot came in the mail that we requested from VA Board of Elections. Her heart condition and athritis would not her stand in line for hours on Election Day. She stated she would miss the sense of community one feels when they’re standing in line with their neighbors to perform their second most important civic duty as Americans. The most important, of course, is to defend this nation from all enemies foreign and domestic. But today, I am proud to report that after much soul searching, and a bit campaigning from her only child, namely me, that my mother proudly cast her VA
Absentee Ballot for Senator Barack H. Obama, hopefully to be our forty-fourth President of the United States. And now all I can think about are the words of the great Senator Edward M. Kennedy (D-MA), “The hope still lives and the dream shall never die.”
PITTSBURGH (KDKA) ― Police say a campaign volunteer confessed to making up a story that a mugger attacked her and cut the letter B in her face after seeing her McCain bumper sticker; now she's facing charges.
At a news conference this afternoon, officials said they believe that Ashley Todd's injuries were self-inflicted.
Todd, 20, of Texas, is now facing charges for filing a false report to police.
Todd initially told police that she was robbed at an ATM in Bloomfield and that the suspect began beating her after seeing her GOP sticker on her car.
Police investigating the alleged attack, however, began to notice some inconsistencies in her story and administered a polygraph test.
Investigators asked Todd to return to the police station today for more questioning and to help them release a composite sketch of the suspect.
When she did, police say she admitted that she made the whole thing up and that it snowballed out of control.
Todd told investigators today that she "just wanted to tell the truth" " adding that she was neither robbed, nor attacked.
Todd told police that while she did not remember how the backward "B" got on her face, she may have done it herself since she was the only one in the car when she saw it.
According to police, Todd said she thought of Barack Obama when she saw the "B" in her rearview mirror.
Officials say they do not believe any other people were involved; and Todd's friends believed the story about the attack " encouraging her to call police. Read More »
At a news conference this afternoon, officials said they believe that Ashley Todd's injuries were self-inflicted.
Todd, 20, of Texas, is now facing charges for filing a false report to police.
Todd initially told police that she was robbed at an ATM in Bloomfield and that the suspect began beating her after seeing her GOP sticker on her car.
Police investigating the alleged attack, however, began to notice some inconsistencies in her story and administered a polygraph test.
Investigators asked Todd to return to the police station today for more questioning and to help them release a composite sketch of the suspect.
When she did, police say she admitted that she made the whole thing up and that it snowballed out of control.
Todd told investigators today that she "just wanted to tell the truth" " adding that she was neither robbed, nor attacked.
Todd told police that while she did not remember how the backward "B" got on her face, she may have done it herself since she was the only one in the car when she saw it.
According to police, Todd said she thought of Barack Obama when she saw the "B" in her rearview mirror.
Officials say they do not believe any other people were involved; and Todd's friends believed the story about the attack " encouraging her to call police. Read More »
Three weeks from now the first results from the east coast will be coming in. It'll still be early but, we should have a good sense as to what the night shall bring. We will either experience a win that'll give this great nation of ours a fighting chance or a crushing defeat that very well may doom our very existence.
Why do I bring up the spectre of defeat? One, I'm a Democrat; I'm used to it. Two, with all the polls showing we are pulling away we run the risk of voter apathy. If we get soft now, we run the risk of letting Sen. McCain making an epic comeback. He's already done it once in his party's primaries. Do not underestimate this man or his followers.
We must keep knocking on doors. We must keep manning the phone banks and making donations to the Obama campaign as well as all of the down ticket races. This is our last chance. Treat it as such.
Three more weeks, my fellow Democrats, three more weeks...
Read More »My fellow Democrats, like you, I am quite encouraged by all of the polling data we've seen in the past few weeks. Click on the "Read More" link for current polling data from ElecotralVote.com. I firmly believe that if the election were held today we'd clear 300 electoral votes easily. But the election is not today. It is four weeks from today. There are two more debates and, of course, the proverbial October Surprise to get through. And we all know that four weeks is a long time in the world of politics.
Please do not become complacent. Keep working at your local campaign offices. Keep making donations if and when you can. Sen. McCain (R-AZ) has not given up yet and we will not let up. This election is too important and we've come to far to do anything less. Our very future is at stake.
In closing, we have all come a long way here. We should take some solace in what we've accomplished but not let up one single iota. The party is as unified as it's going to get. We are on the cusp of beginning to recover from the worst presidential administration in American history. The best way to accomplish that is to elect Senator Barack Hussein Obama our forty-fourth POTUS and to elect sixty Democratic Senators for a filibuster proof majority. Four more weeks, my fellow Democrats, four more weeks... Read More »
Please do not become complacent. Keep working at your local campaign offices. Keep making donations if and when you can. Sen. McCain (R-AZ) has not given up yet and we will not let up. This election is too important and we've come to far to do anything less. Our very future is at stake.
In closing, we have all come a long way here. We should take some solace in what we've accomplished but not let up one single iota. The party is as unified as it's going to get. We are on the cusp of beginning to recover from the worst presidential administration in American history. The best way to accomplish that is to elect Senator Barack Hussein Obama our forty-fourth POTUS and to elect sixty Democratic Senators for a filibuster proof majority. Four more weeks, my fellow Democrats, four more weeks... Read More »
Soros floats alternative bailout plan with Dems
By Alexander Bolton
Posted: 09/30/08 11:19 PM [ET]
The billionaire financier George Soros, a major Democratic financial backer, is floating his own rescue plan among Democratic lawmakers who are uncertain what to do in the wake of a surprise defeat of a proposed $700 billion rescue package proposed by Treasury Secretary Henry Paulson.
Soros has outlined his plan in an opinion editorial in the Financial Times and circulated a concept paper among decision-makers.
Specifically, the liberal philanthropist has proposed that government funds should be used to recapitalize the American banking system by purchasing equity in banks and investment firms.
Democratic Rep. Jim Moran (Va.) scheduled a meeting Tuesday afternoon with Robert Johnson, a former manager of the Soros Fund Management, to discuss the proposal.
Moran compared the proposal to Warren Buffet’s $5 billion investment in the investment firm Goldman Sachs Group in return for preferred stock and warrants to buy common stock at a discount.
Soros has also contacted Sen. Barack Obama’s (D-Ill.) presidential campaign to share his views on the financial crisis and the best way to solve it.
Soros described the plan he outlined in his concept paper in an opinion editorial that appeared in the Financial Times early Wednesday morning, Greenwich Meridian Time.
“Instead of purchasing troubled assets, the bulk of the funds ought to be used to recapitalize the banking system,” Soros wrote.
“The Treasury secretary would rely on bank examiners rather than delegate implementation of [the Troubled Asset Relief Program] to Wall Street firms,” he wrote in reference to the plan first crafted by Treasury Secretary Henry Paulson. “The bank examiners would establish how much additional equity capital each bank needs in order to be properly capitalized according to existing capital requirements.”
“The recapitalized banks would be allowed to increase their leverage, so they would resume lending,” he wrote.
Soros has emerged as a harsh critic of the Treasury Department, especially of Paulson’s proposal for the government to buy $700 billion of distressed mortgage-backed securities to restore the flow of credit in the financial markets.
It is unclear whether his entry onto the debris-strewn field of the debate will help lawmakers reach agreement on an alternative proposal or further anger House Republicans, who blew up a compromise plan on the House floor Monday...
http://thehill.com/leading-the-news/soros-floats-alternative-bailout-plan-with-dems-2008-09-30.html Read More »
Some may believe that is harsh or ill-advised. They are certainly entitled to their opinion. But, IMHO, the worst thing we could do is to bailout these stupid, conservative, money-worshipping, fat cats. Bailing out an industry who was prone to make loans to people who had virtually no chance of being able to pay back said loans and even worse, were not intelligent enough to fully comprehend the terms of the agreement is just plain wrong.
The banks who made these loans are as much at fault as the dumba**es who accepted the loans. If you're a loan manager and a person comes to you wanting to buy a $250K house and makes $30K a year; what the hell are thinking authorizing that loan? Furthermore, if you're making $30K a year and a bank offers you a loan where the first year, or two, you only pay $500 a month but, in the next year the ARM kicks in and you're paying $1500 a month, what the hell are you doing accepting those terms? Are you planning on hitting the lottery? Perhaps you were waiting for a rich relative to die? More than likely, it was someone trying to ride the market up and flipping the house to some sucker who was going to pay 25% to 100% more than the actual property was worth.
Then, to top it all off, some nitwit conservative gets the idea of, "Hey, let's sell this worthless paper to some sucker and we're outta here!" This is the schmuck, now rich schmuck, the SEC should've been on guard for.
I do not feel sorry for Lehman Bros., Wachovia, Merrill Lynch, or any of the rest for being so stupid as to not check the validity and security of these so-called mortgage backed securities. They let their greed get the best of them. Why? Because they took out loans based on their holding of these worthless mortgage based securities and when they proved to be worthless they had no way to pay back the money they borrowed against the securities because the $30K guy woke up one morning and realized he had $4000 of bills, now that gas is nearly $4 a gallon as is milk and his personal property taxes are through the roof for his overvalued house, in one month and only $2500 of income. Oops! This is what happens when you let stupid people run things.
And then someone warns, "But we won't be able to get credit to buy cars and houses and fancy Made in China clothes". To those people I would say, here's a novel approach; cash and carry. And that concept is interest free! Save your money. Make some small investments, if you dare, in this economy. Walk into the car dealership or a realtor, stroke a check, and drive out. I'm sure GM or Century 21 wouldn't mind having all of that money up front. Then they don't have to worry about whether or not you're going to get fired, the economy is going to tank, again, you get divorced and your income drops 30% to 70%, or any other unforseen calamity. Read More »
The banks who made these loans are as much at fault as the dumba**es who accepted the loans. If you're a loan manager and a person comes to you wanting to buy a $250K house and makes $30K a year; what the hell are thinking authorizing that loan? Furthermore, if you're making $30K a year and a bank offers you a loan where the first year, or two, you only pay $500 a month but, in the next year the ARM kicks in and you're paying $1500 a month, what the hell are you doing accepting those terms? Are you planning on hitting the lottery? Perhaps you were waiting for a rich relative to die? More than likely, it was someone trying to ride the market up and flipping the house to some sucker who was going to pay 25% to 100% more than the actual property was worth.
Then, to top it all off, some nitwit conservative gets the idea of, "Hey, let's sell this worthless paper to some sucker and we're outta here!" This is the schmuck, now rich schmuck, the SEC should've been on guard for.
I do not feel sorry for Lehman Bros., Wachovia, Merrill Lynch, or any of the rest for being so stupid as to not check the validity and security of these so-called mortgage backed securities. They let their greed get the best of them. Why? Because they took out loans based on their holding of these worthless mortgage based securities and when they proved to be worthless they had no way to pay back the money they borrowed against the securities because the $30K guy woke up one morning and realized he had $4000 of bills, now that gas is nearly $4 a gallon as is milk and his personal property taxes are through the roof for his overvalued house, in one month and only $2500 of income. Oops! This is what happens when you let stupid people run things.
And then someone warns, "But we won't be able to get credit to buy cars and houses and fancy Made in China clothes". To those people I would say, here's a novel approach; cash and carry. And that concept is interest free! Save your money. Make some small investments, if you dare, in this economy. Walk into the car dealership or a realtor, stroke a check, and drive out. I'm sure GM or Century 21 wouldn't mind having all of that money up front. Then they don't have to worry about whether or not you're going to get fired, the economy is going to tank, again, you get divorced and your income drops 30% to 70%, or any other unforseen calamity. Read More »
LISBON, Portugal (AP) - Secretary of State Condoleezza Rice says she's excited about a landmark trip she will make to Libya on Friday, becoming the highest-ranking American official to visit the North African country in more than a half-century.
"I am very much looking forward to it," she said here before leaving for Tripoli, where she will meet and shake hands with Moammar Gadhafi and close a nearly three-decade era of bitter animosity between the United States and Libya.
"It is a historic moment and it is one that has come after a lot of difficulty, the suffering of many people that will never be forgotten or assuaged, Americans in particular for whom I am very concerned," Rice told a news conference in Lisbon.
"It is also the case that this comes out of a historic decision that Libya made to give up weapons of mass destruction and renounce terrorism," she said. "Libya," she added, "is a place that is changing and I want to discuss how that change is taking place."...
http://apnews.myway.com/article/20080905/D930HSA00.html
Now what the hell is Secretary Rice doing in Libya when the Russians are invading Georgia, Iraq is still a mess, Afghanistan is neglected, and so on? Then I read on...
...As the first secretary of state to visit the former pariah, oil-rich country in more than a half-century, Rice's visit will represent a foreign policy success for a Bush administration badly in need of one in its final months...
It's all about the oil, again. COL Ghaddafi should feel fortunate in one respect. We didn't send the Marines in to "negotiate" as we did in Iraq.
Two months from yesterday, we will elect the United States' forty-fourth POTUS. This POTUS will be responsible for cleaning up the affairs of the Bush Administration, the most incompetent since the days of Herbert Hoover and to restore America's standing in the world. It is a daunting task.
Some have argued that this election will pit young against old, black versus white, religious against secularist. They are correct. And they have been correct since the inception of American elections over two centuries ago.
So how do we win? Read More »
Some have argued that this election will pit young against old, black versus white, religious against secularist. They are correct. And they have been correct since the inception of American elections over two centuries ago.
So how do we win? Read More »
Location: Wilmington, DE
My Story: Joe Biden was born in Scranton, Pennsylvania, the first of four siblings in an Irish-Catholic family. The family later moved to a middle-class neighborhood in Delaware. At age 29, he became one of the youngest people ever elected to the United States Senate. Right after being elected, his first wife and daughter were killed in a car accident. People rallied around him, and for the next five years, he raised his two sons as a single parent, never forgetting family comes first. He never forgot where he came from. While most Senators live in Washington, he commutes home every night using public transportation to be with his wife of almost 30 years, Jill, a school teacher, and his now 89-year-old mother. They have three children - Beau, Hunter, and Ashley - and five grandchildren.
Birth Date: November 20th Issues: Civil Liberties; Civil Rights; Economic Growth; Education; Election Reform; Energy Policy; Environment; Good Government; Healthcare; Military Issues; National Security; Retirement Security
Registered to Vote: Yes
Party Affiliation: Democrat
Political Identification: Progressive
"History says, Don't hope on this side of the grave. But then, once in a lifetime the longed for tidal wave of justice can rise up, and hope and history rhyme." - Seamus Heaney's "The Cure at Troy"
http://www.democrats.org/page/dashboard/public/gHskf
Also, here are some more links regarding Sen. Biden's service and career:
http://biden.senate.gov/senator/
http://biden.senate.gov/senator/timeline/
http://en.wikipedia.org/wiki/Joe_Biden
http://www.msnbc.msn.com/id/26010055/
Location: Wilmington, DE
My Story: Joe Biden was born in Scranton, Pennsylvania, the first of four siblings in an Irish-Catholic family. The family later moved to a middle-class neighborhood in Delaware. At age 29, he became one of the youngest people ever elected to the United States Senate. Right after being elected, his first wife and daughter were killed in a car accident. People rallied around him, and for the next five years, he raised his two sons as a single parent, never forgetting family comes first. He never forgot where he came from. While most Senators live in Washington, he commutes home every night using public transportation to be with his wife of almost 30 years, Jill, a school teacher, and his now 89-year-old mother. They have three children - Beau, Hunter, and Ashley - and five grandchildren.
Birth Date: November 20th
Issues: Civil Liberties; Civil Rights; Economic Growth; Education; Election Reform; Energy Policy; Environment; Good Government; Healthcare; Military Issues; National Security; Retirement Security
Registered to Vote: Yes
Party Affiliation: Democrat
Political Identification: Progressive
"History says, Don't hope on this side of the grave. But then, once in a lifetime the longed for tidal wave of justice can rise up, and hope and history rhyme." - Seamus Heaney's "The Cure at Troy"
http://www.democrats.org/page/dashboard/public/gHskf
Read More »LENEXA, Kan. -- After weeks of speculation and days of intense rumors, the answer to who Democratic presidential candidate Barack Obama would name as his running mate may have come down to a bumper sticker printed in Lenexa.
KMBC's Micheal Mahoney reported that the company, which specializes in political literature, has been printing Obama-Bayh material. That's Bayh as in U.S. Sen. Evan Bayh of Indiana. Word leaked out about the material as it was being printed up by Gill Studios of Lenexa. The Obama campaign had said it would make the announcement by text message on Friday.
Gill Studios, would not confirm information about the material. They would not deny it either. The company president would not comment when asked by Mahoney about the reports. But at least three sources close to the plant's operations reported the Obama-Bayh material was being produced.
Bayh has a reputation as a fiscally conservative Democrat. Bayh endorsed Hillary Clinton and it is believed that he could help the Obama ticket by delivering a key battleground state.
Obama has arranged a joint appearance for Saturday with his running mate at the state capitol in Springfield, Ill...
http://www.kmbc.com/politics/17267009/detail.html Read More »
... that Obama - Bayh bumper stickers are being printed.
HONOLULU (AP) - Mark Warner, Virginia's former governor and its Democratic candidate for the Senate, has been tapped to be the keynote speaker at the Democratic National Convention, a plum spot that is often a springboard to national prominence. Four years ago another candidate for the Senate - Barack Obama of Illinois - used the keynote address to begin a rise in national politics expected to reach the Democratic nomination for president. Obama's campaign called Warner an innovative businessman and bipartisan leader in formally announcing his convention role Wednesday. Placing Warner in the national spotlight could help boost his campaign in Virginia, where he is trying to win the Senate seat of retiring Republican John Warner. Obama is also campaigning hard in Virginia, a state that Republican George W. Bush won in the last two elections but one the Obama campaign thinks could turn to the Democrats...
http://apnews.myway.com/article/20080813/D92HDI0G0.html
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