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POPSU.S. to Lose $400 Billion on Fannie, Freddie, Wallison Says “The situation is they are losing gobs of money, up to $400 billion in mortgages,” Wallison said in a Bloomberg Television interview. The Treasury Department recognized last week that losses will be more than $400 billion when it raised its limit on federal support for the two government-sponsored enterprises, he said. Lax regulation of Fannie Mae and Freddie Mac led to the mortgage companies taking on too many risky loans, Wallison said. “It turns out it was impossible to regulate them,” he said. “They were too powerful.” He said no one knows how much will be needed to keep the companies solvent. U.S. to Lose $400 Billion on Fannie, Freddie, Wallison Says - Bloomberg.com http://bit.ly/8FhHPH
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POPSA remarkably bitter take on the "top ten stories of the last decade" -- in short, we're hosed The last paragraph is worth quoting in full: "The meaninglessness of elections: This is the most embittering revelation of all. Despite the greatest electoral majority since Johnson crushed Goldwater in '64, Obama has betrayed everything he ran on. In every case where he had the opportunity to confront power " in financial bailouts, financial regulation, health care, wars and military spending, utilities and global warming, national surveillance " Obama has sided with the rich and powerful against the interests of the American people. He has probably engendered more cynicism, more disaffection with government than any president since Richard Nixon. It will deal a staggering blow to the hopes of mobilizing masses of people again for a real takeback of government. And he's not even one year into it."
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POPSHealth Care Bill Could Face String of Legal Challenges Third, auto insurance regulation occurs at the state level. When the Congressional Budget Office considered the idea of a health insurance mandate back in 1994 under the Clinton administration, it concluded that the mandate would be "an unprecedented form of federal action." The only congressional mandate close to that was the draft, the CBO concluded. Other legal objections are emerging in the wake of a concession that Sen. Ben Nelson, D-Neb., won for his state as a condition for his support of the health care bill. Senate Majority Leader Harry Reid agreed to provide for full and permanent federal aid for Nebraska's expanded Medicaid population. It was only one of a slew of hand-crafted sweetheart deals for those senators who agreed to support the bill. Graham said his state could file an equal rights suit under the Constitution. The Constitution calls for "equal protection" of all citizens.
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POPSPage 148 Of The Health Bill Will Allow Government To Determine The Care You Get ...... after this ridiculous bill has been passed, that will determine what is and what isn’t an acceptable health care choice for you, or your doctor. I’ve spoken about the other side of this before. Both the House and Senate versions of the health care bill create insurance exchanges that all Americans must by their health care through. The government controls what insurance plans are offered on those exchanges. Now, per this part of the bill, your insurance company can only pay out to health care providers who meet the government’s standards for providing care. Meaning, for instance, that if the government should decide to stop covering mammograms for women younger than 50 then you won’t be able to buy a plan which covers that, or go to a hospital which gives such screenings. The same goes for all sorts of treatments, drugs, medical devices, etc. If it isn’t government approved, you won’t get it.
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POPSA simple health care solution that Congress won't consider. This is a cool blog. Rick Toone certainly does not look like a conservative, Bible-thumping, birther, but he sure does not like the idea of government-mandated and government-run health care. I had not even heard of Ron Paul's proposal. Makes too much sense for Congress to seriously consider it.
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POPSBarack Obama's Rule by EPA Decree Is a coup d'etat Against Congress, Made In Britain - ClimateGate In the first place, regulation can be challenged in a way that laws cannot. So the EPA’s proposed ruling on so-called “Greenhouse Gases” can be opposed extensively with litigation, to the point that the ruling might not yet be in force when Obama demits office. In the second place, the EPA is funded by Congress. So, if the Agency is being used to bypass or neuter Congress, why should legislators not play hardball and retaliate by cutting off its funding? The EPA may look formidable, but its situation is rather as if Rommel were buying the fuel for his tanks from the Allies. But what is of compelling interest on this side of the pond is the way in which the bullets to shoot down American democracy were made in Britain. The trail is not hard to follow.
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POPSTHE DEADLIEST CARD GAME IN TOWN
but they have joined the right’s sycophants and willingly do the bidding of the LOBBY FIRMS in order to receive the dirty money (more like blood money) these cut-throats will give them (to turn a blind eye) in the form of campaign contributions. A shell game of sorts, where the suckers, in many instances, have no idea of what is going on and how it negatively affects their well-being. It's a sad game that cannot be won by anyone who falls into a category called LOW-INCOME. The banks and credit card companies’ makeup all the rules and they are always in their favor. NO ONE, can get out of the traps they set, while they siphon off any earnings said suckers have given their blood, sweat and tears to acquire. It should be a crime because it is criminal but it is not. Watch, learn and weep for those who get snared in THE DEADLIEST CARD GAME IN TOWN, where there is no place to turn for help. (MORE) http://www.pbs.org/wgbh/pages/frontline/creditcards/view/ thinkingblue
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POPSStates Reassert Sovereignty With Legislation September 21, 2009 
Although the resolutions are not legally binding, Tenth Amendment Center founder Michael Boldin said they “serve notice” that states will no longer automatically enforce federal mandates in areas they believe the central government has no constitutional authority. Montana’s first-in-the-nation law reasserting state authority with the regulation of firearms manufactured and sold within state boundaries was soon followed by a similar law in Tennessee. Officials from the Bureau of Alcohol, Tobacco, Firearms and Explosives have already sent letters to gun dealers and federal permit holders in both states telling them to ignore the state law. A court battle is next. Nearly 20 other states have similar legislation in the works, including directives to their governors to order National Guard troops home from Iraq and Afghanistan. Next year, Arizona will have a state constitutional amendment on the ballot that allows residents to opt out of any national health care program.
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POPSHas "Command and Control" Bureaucratic Dictatorship Arrived? The ruling is alarming in its breadth, but perhaps even more disturbing is what it reveals about the Obama administration's view of democratic and constitutional government. The Obama administration seems to regard government of the people, by the people and for the people as an inconvenience rather than a blessing. If the peoples' representatives in Congress do what it wants, great. If not, they will use their power to get their way by any means necessary. Apparently, that includes issuing open threats to another branch of government. Here's what an anonymous senior administration official told Congress, speaking through the New York Times: "If you don't pass this legislation, then ... the EPA is going to have to regulate in this area," the official said. "And it is not going to be able to regulate on a market-based way, so it's going to have to regulate in a command-and-control way, which will probably generate even more uncertainty."
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POPS Obama Banking Bill Passed by US House mortgages of financially struggling borrowers was defeated. David Hirschmann, a director of the US Chamber of Commerce, said: “While there is a laundry list of bad choices that were made by the House, the creation of the CFPA tops the list.” However, he said he was encouraged by the “growing group of moderate Democrats” who helped amend the bill to prevent states from setting tougher consumer protection standards. Another provision that has been resisted by banks allows regulators to impose a loss on creditors of failing financial institutions that need to be seized by the government. After stark warnings that the provision would make credit less liquid and more expensive, the size of the “haircut” to be imposed on creditors was reduced to up to 10 per cent and some securities were exempted. But it stayed in the bill. Read full Financial Times article at http://bit.ly/8SGlGW Copyright The Financial Times Limited 2009
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POPSGET Ready, GET Set, WORLD GOVERNMENT ! Further, Alex points out that this scheme is just the implementation of a larger-scale plan to de-industrialize the already developed world and maintain control over the emerging spheres-- from Maurice Strong to Paul Ehrlich & now-Science Czar John P. Holdren, top globalists have targeted human activity as a negative and implemented eugenics
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POPSThe Nefarious Force Behind Cap-and-Trade "Climate Religion" to our very severe recession is taking place. Significant increases in taxes or interest rates have been shown in the past to have the potential to stall or crush a recovery. Moreover, now that the government’s claimed fundamental motivation for this legislation is apparently, at least in part, a sham, there is a growing suspicion among many people that the government knew that climate change arguments were overblown all along. Why, then, are they so dead-set on passing cap-and-trade? It’s All About Power and Control The present administration has virtually declared themselves to be socialist, and their actions support this perspective. The have needlessly nationalized financial and automobile companies, greatly increasing their power in those sectors. They’ve gone to the extent of setting executive salaries in a supposedly free market. Moreover, the president has openly stated that he want to “spread the wealth around”----
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POPS14th AMENDMENT-Equal Protection clause. Besides the systemic ban, a key component of ObamaCare may also run afoul of the Constitution. The "individual mandate" for citizens to buy health insurance seems to violate the 14th Amendment's Equal Protection Clause. In The Washington Post, attorneys David Rivkin and Lee Casey assert: The otherwise uninsured would be required to buy coverage...for no other reason than that people without health insurance exist. The federal government does not have the power to regulate Americans simply because they are there.
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POPSHouse Attacks Fed, Treasury ... Ron Paul's Measure Approved The Fed faces a stinging backlash from legislators from both parties who argue that has too much power and too little oversight. On Thursday, the Senate Banking Committee began debating legislation that would largely remove the Fed from bank supervision over the objections of the Fed and the Obama administration. The Fed audit provision was added to pending legislation on financial regulation that the committee's chairman, Barney Frank, a Massachusetts Democrat, had planned to put to a vote Thursday. But he abruptly announced late in the afternoon that the bill wouldn't move ahead until after Thanksgiving. The reason: Ten members of the Congressional Black Caucus on the committee said they would oppose the bill to protest a lack of action to address the economic pain borne by their constituents. Although the economy appears to be growing again, lawmakers face increasing pressure in their districts to do more to boost growth and address an unemployment rate now at
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POPSYet Another Obama Admin Power Grab Even the gaping hole that has been burned in the Constitution through the commerce clause can't cover this naked power play by the facist Obama administration. Yet nobody will even give a peep apparently. Probably because publicly education citizens are too stupid to read and understand the Constitution.
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POPSThe Cost Of This Imperative Will Be Paid For In Lost Freedoms This bitter pill might be easier to swallow if the new left was at least honest in admitting that the cost of seeing this imperative through will be paid for in freedoms. These new Knights Templar have defended their cause with constant references to affordability and yet under their plan what is affordable ceases to be a subjective measure that each man can make for himself according to his individual needs and priorities. Rather it becomes an objective measure defined by the new “Commissioner of Health Choices.” Every American will be forced to purchase an insurance policy. The government will decide what benefits those policies must include. Even if you are happy with your current insurance plan you will have to switch to a policy that includes the government mandated benefits even if you don’t want them, will never use them and their inclusion will increase the price you pay for coverage. And suppose you decide for whatever reason that you are simply not going to pay? .....
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POPSHealthcare Lies #1 in Series I ask: Who was it, when was it, and what was the alleged purpose of instituting such regulations? Behind the alleged intentions, what were the true intentions? Was there pre-knowledge that the effect would be detrimental to consumers in the long run? Was the well-being of the people sacrificed in order to cause the state of healthcare to degenerate and costs to spiral out of control just so eventually the people would acquiesce to governmental control? After all, go back only to the Clinton effort. When that failed do you imagine Democrats wanted to see conditions improve or get worse? That answer is obvious. The worse it got, the more pleased they had to be.
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POPSEPA Rules Farm Dust NOT SAFE, Must Be Regulated But the U.S. District Court of Appeals in Washington ruled Tuesday that the EPA had already provided the evidence necessary to determine farm dust "likely is not safe." Michael Formica, a lawyer for the pork council, said this means farmers now face the daunting task of proving a negative - that the dust is not harmful. Formica said his and other groups will consider a further appeal. Farmers said they will be hard-pressed to meet the standards. In a letter sent Wednesday to the EPA, Grassley wrote that compliance would be impossible because of the dust produced in farmers' day-to-day activities. Grassley also has noted that because many rural roads are not paved, particulate readings could be affected by wind gusts that constantly change. "After all, God decides when the wind blows, not Chuck Grassley," he said. But the EPA said the regulation was overdue. http://www.lubbockonline.com/stories/030109/bus_399791974.shtml
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POPSWhat's YOURS is EVERYONES
There are fundamental differences between the philosophies of Republicans and Democrats. There exists certain core beliefs about the role of government and the individual that are as different as night and day. Republicans believe it is the people who should have the freedom to determine their own destiny, free from overdue government intervention, regulation and control. They believe in lower taxes and smaller government. Republicans believe in "home rule," allowing local governments, closest to the people to have the loudest voice. Republicans believe that government exists to serve the people in the ways the private sector cannot. They believe in "the velocity of money," that is to say, they believe that every time a dollar changes hands privately, it helps the overall economy and creates more revenue through taxes to the government. Democrats, and more specifically the current administration, believe that it is the role of government to "care for" the population in every r
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POPSObama’s Energy Czar: Socialist Agent For World Government Socialist International Barack Obama’s “climate czar" Carol Browner has been exposed as being a member of Socialist International, a highly influential group headed by a Bilderberg Group luminary that calls for the implementation of global government, despite Socialist International’s attempts to seemingly “memory-hole” information about Browner on their website. It doesn’t take a rocket scientist to understand that Obama and his cabinet are preparing to exploit fearmongering about global warming to push new measures of taxation, regulation and internationalism. Obama himself has vigorously promoted the revival of a bill that would slash carbon emissions by 80 per cent, a move that would inflict a new Great Depression, cost millions of jobs, and sink America to near third world status. Obama has also publicly stated his intention to create a new infrastructure of “green brigades” and informants to regulate every aspect of our behavior in the name of saving in the name of saving . . .
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POPSMore facts, not profit inducing hype The article goes on to give concrete examples of the damage "free trade" has caused us. This "recession" is happening for two reasons: 1-the government's greed and acquiessence to banking industry because of tax revenues & campaign/lobby contributions. And, the gutting of our wealth producing industries. For god's sake, go through your pantries and pull out only the goods that state MADE, PRODUCED or MANUFACTURED in America. If the label says "distributed", call the company and ask WHERE it was processed. You will be shocked. Now realize that China is quietly amping up prices and re-valuing the yuan. All the "cost savings" from off shoring will soon be for naught. And, we no longer have the machinery, equipment or government regulation (lack of) to re-create the industry.
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POPSPennsylvania ‘Firearms Freedom Act’ Legislation Introduced While the bill seems to focus solely on federal gun regulations, it has far more to do with the 10th Amendment’s limit on the power of the federal government. It specifically states: The regulation of intrastate commerce is vested in the states under the 9th and 10th Amendments to the Constitution of the United States, particularly if not expressly preempted by federal law. Congress has not expressly preempted state regulation of intrastate commerce pertaining to the manufacture on an intrastate basis of firearms, firearms accessories, and ammunition. Rohrer, in a recent letter to Pennsylvania House Members, addressed the issue of the commerce clause... Read more here
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POPSBig Government's Intrusion Into Blogger Content, Free Speech Decisions about violations will be made on a case-by-case basis, but if someone receives cash or an in-kind payment to review a product, it’s considered an endorsement. The government is attempting to put all website, both personal and professional, under its thumb under the guise of protecting consumers from dishonest bloggers and bloggers from dishonest companies. It shows a lack of faith in both the public and the blogging community which has been doing just fine and doesn’t welcome the bureaucracy. This is all about the Benjamins in the name of regulation. Uncle Sam saw a way to make money while controlling speech. I myself receive free items regularly and it’s always been my own personal policy to disclose this, which I have. I’ve refused offers from companies who’ve suggested that I act otherwise. I created this self-policing policy because I, like most other bloggers, realize that our reputations are virtual currency.
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POPSMandatory flu vaccination splits Healthcare workers If I were in their position I too would be outraged. Half of the Doctors I have talked too are not even recommending for their patients and certainly our pediatricians are saying not to get the H1N1 for our kids, which we had not planned to do anyway. If I was these doctors and nurses I would just not get it as the state is just asking for a huge shortage of nurses and docs by doing this. Society needs the nurses and docs, they don't necessarily need to stay at these jobs.
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POPSWe’d All Be Better Off, If The Internet Was Never Invented Cyberspace is the last bastion of free speech and source for non-corporate news and information we have. It's also a thorn in the eye of those who would like to control everything we read and everything we say. All under the guise of "national security". How much do you wanna bet, that these current so-called "cyber attacks" are false flag operations? I'll eat my hat, if they ain't. we’d all be better off if the internet was never invented We? Who we? I know who'd be better off and it sure ain't the little people. :mad:
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POPSThey Thought They Were Free 4. Supremacy of the Military - Even when there are widespread domestic problems, the military is given a disproportionate amount of government funding, and the domestic agenda is neglected. Soldiers and military service are glamorized. 5. Rampant Sexism - The governments of fascist nations tend to be almost exclusively male-dominated. Under fascist regimes, traditional gender roles are made more rigid. Divorce, abortion and homosexuality are suppressed and the state is represented as the ultimate guardian of the family institution. 6. Controlled Mass Media - Sometimes to media is directly controlled by the government, but in other cases, the media is indirectly controlled by government regulation, or sympathetic media spokespeople and executives. Censorship, especially in war time, is very common. 7. Obsession with National Security - Fear is used as a motivational tool by the government over the masses.
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POPS"Architects of Ruin" throw out common sense and decades of experience in order to make loans that were almost certain to go unpaid. The effort was launched during the Carter administration but really gained momentum and a head of steam during the Clinton years. (GOPers shouldn't feel too smug as the Bush administration continued and even expanded the practice). "Architects of Ruin" can be advance-ordered now on Amazon.com. No doubt, it will generate a flood of negative reviews from liberals in the mainstream media and their allies in the political and academic worlds in part because of sensational tidbits like the fact White House Chief of Staff was paid "more than $46,000 an hour as a board member for Freddie Mac ." What caught my eye today, though, concerns a little known fact about a long-forgotten class-action lawsuit filed in 1994 by three young trial lawyers, one of whom just happens to be sitting in the Oval Office today as president.
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POPS Obama Push For 'World' Regulation Obama said lobbyists for financial institutions are already fighting against new regulations. “We cannot let the narrow interests of a few come before the interests of all of us,” Obama said. “We cannot forget how close we came to the brink, and perpetuate the broken system and breakdown of responsibility that made it possible.” In the Republican address, North Carolina Representative Sue Myrick focused on Obama’s health-care proposals, which are being debated in Congress. She said the plan being offered by Obama and congressional Democrats would lead to government-run insurance and that would mean delays in care. Access to Care “Every family that confronts a serious illness should have access to the highest-quality care at the lowest possible cost, with no delays,” Myrick said. Obama has said he favors a government-run insurance program to compete with private insurers. While he has suggested he wouldn’t make it a requirement as part of final legislation,
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