Showing posts with label barney frank. Show all posts
Showing posts with label barney frank. Show all posts

Friday, December 17, 2010

President Obama ready to sign tax cuts

In what became a massive bipartisan effort, the House of Representatives approved on a vote of 277-148, to extend the Bush tax cuts, and will be signed into law by President Obama.

Congressman Anthony Weiner, who vigorously opposed the compromise, said "Republicans are better poker players than Obama"

Finally getting the hint Congressman Weiner? Its all a poker game.
You recall that just about every single Democrat on Capitol Hill were whining, moaning and complaining that President Obama was a traitor to side with the Republicans compromise on extending the tax cuts for all families, renew unemployment benefits and another year cut to Social Security taxes. Like Congressman Weiner, just about every other Democrat from the Speaker Nancy Pelosi, to Barney Frank, wanted to see it fail, because they claimed it would only favor tax cuts to the most wealthy Americans.

But that wasn't the case, thankfully. The President and the majority of Congress saw that this would be the best interest in the American people.

Maybe the only smartest thing they've done all year.

Thursday, December 16, 2010

Congress sucks!

Don't take my word for it. Take a look at a recent Gallup poll. Only 13% of Americans actually approve of our U.S. Congress. Kind of makes you wonder what exactly is going on in the heads of that 13%.

This is the lowest approval rating in 30 years, according to the Gallup poll.

But just take a look at Congress' track record over the last several years, whether its the House or the Senate. When the Democrats took control of both houses in 2006, they complained about how pathetic and horrible President Bush was, yet the freeloading deer-trapped-in-headlights Speaker of the House Nancy Pelosi did nothing to enforce impeachment proceedings against him, even though she vowed to have "the most honest, most ethical and transparent Congress in our nation's history..."

How did that work out for you Madam Speaker? Virtually no transparency has existed.

This is the same Congress that did nothing in preventing the financial collapse of 2008. Many of the problems with financial and insurance institutions on Wall Street, the failure of the Securities and Exchange Commission to regulate and government sponsored lending entities including Fannie Mae and Freddie Mac which were sinking into bankruptcy, were all under the watch of Congressman Barney Frank and Senator Chris Dodd.

This is also the same Congress that has for the most part been entirely ignoring the American people for the better part of two years, for the fact that they've been playing rubber stamps of President Obama's radical agenda. Some of the critical issues this last year included Arizona's new immigration law. Congress publicly criticized it, favored Mexican President Felipe Calderon's opposition of our laws and allowed Attorney General Eric Holder to sue Arizona, even though many of the leading polls showed that between 60% and 70% of Americans were supporting Arizona's law. Another critical issue involved Americans largely opposing the Health Care Law, yet Congress went ahead with it and jammed it down everyone's throat, without even looking at all of the major provisions.

Just like what Congressman John Conyers admitted. "We don't read the bills, it would take up too much time and delay the process..."

In another point of drama this year, Senator Lindsay Graham says we should invade Iran and overthrow that country's entire government. Yet while he has a point with relation to the dangers Iran could pose to the U.S. and Israel in particular, is that something we need at this very moment? I'm not questioning Iran's nuclear ambitions that it has to whip Israel off the face of the Earth, or that it has developed a relationship with Venezuela and North Korea, but Senator Graham seems to be oblivious to the fact that China has nuclear weapons, so does Pakistan and India. Hell, we have enough nuclear weapons to blow up the entire world!

My point being, the U.S. has enough problems right at home. A $14 trillion national debt, about $115 trillion in unfunded federal financial obligations, unemployment just a point under 10%, jobs being outsourced, people loosing their homes and a Federal Reserve that prints money out of thin air. Congress sits up on Capitol Hill and twiddles their thumbs on the DREAM Act, Don't Ask, Don't Tell and the Bush Tax Cuts, yet its time to get to the core of our problems.

A clown like Iranian President Mahmoud Ahmadinejad can wait.

It just goes to show how incompetent and unrepresentable our Congress has been over the last several years. No wonder why its fallen to an all time low. Some have even argued that if the approval rating of Congress even matters?

Well it should if they're the ones we're paying to represent us. Oh, I forgot, they don't represent us, they're owned by the global elites, major corporations and special interest groups.

Friday, November 12, 2010

United States will not garner support from G-20 to push China’s currency value

The finance ministers from the 20 major economies refused to back the United States’ push in China boosting its currency value today. The reason why the United States is doing this mainly due to the concerns over escalating disputes with China (the main lender for the U.S., by the way) and their ability to have cheap labor and exports, which the United States says is costing American jobs.

President Obama is calling this a disappointing turn of events after the leaders of the G-20 decided to not devalue their currency. Obama wanted the opposite to occur, which was a more competitive undervaluation, which would have influenced the leaders of G-20 to push China’s currency value. Furthermore, the United States fears that nations such as China, who are protective of their own currency policies and trade barriers, will send a shockwave through the global economy and put it back into a recession.

It seems as though President Obama still lives in a fantasy world of looking to every other leader to put together a plan to solve the United States’ financial woes. Why should China, which owns the United States' national debt, be forced to loosen its own currency value to help the United States? China didn't cause the economic problems in the United States, it was the poor decisions made by President Bush and the idiotic Democratic leadership of Congress, most notably individuals like Barney Frank and Chris Dodd.

China, most likely is laughing hysterically at the United States, after the Obama Administration and the weasel that is Tim Geithner, choose to solve our trillions of dollars in debt.... by adding more trillions of dollars in debt. Insane. 

Obviously, the President has been completely oblivious to the Federal Reserve’s inability to stabilize the currency supply and interest rates, and continuing on the path that leads to further inflation. Now the United States admits it was undermined by the central bank's decision to print $600 billion in an apparent effort to keep the economy afloat, while at the same time the currency value diminishes.

Since the President will do nothing to solve the real problems crippling the United States such as the creation of real private sector jobs, reforming pension/union funds in government programs, cost of illegal aliens and maybe telling those puppet master internationalists like George Soros (who buys individuals within the government to create an agenda) to go take a walk, the President is really at a breaking point were there are very few options to choose from when it comes to our monetary and fiscal issues.

He’s not going to solve the real problems, and he is now finding out that when it comes to the United States’ monetary and fiscal policies, leaders in other countries, including those at the G-20 summit are not going to help our nation. They’ve really done all that they can since the financial collapse in 2008, and it is time for the United States to solve its own problems internally, even if it means for this President to finally stand up and say “no” to the people that are influencing him to make decisions which are deemed irresponsible.

Monday, November 1, 2010

First Post: Election 2010 Tomorrow: Vote them all out of office!

This is the first blog entry to Independent Word, a blog that I have created to discuss politics from someone like myself who has no affiliation with the Republican or Democratic parties.

I think it is painfully clear what has gone wrong in this country and why there are so many people upset. Since the September 11th, 2001 terrorist attacks, the United States has been left in fear. The fear being that this al-Qaeda terrorist network will do anything to destroy our country and our freedom. I remember the events of that day, I was 15 and a Sophmore in high school, and after the tragic events, our country was for the first time in probably a very long time, united.

Today, that is not so much the case.

To be perfectly honest, I am a former Republican and supported President George W. Bush after the 9/11 attacks, and even supported our decision to go to War in Iraq, after Saddam Hussein had Weapons of Mass Destruction. Turns out that was not the case. What made it very unfortunate is that President Bush and his administration deceived and manipulated people within our government and the American people for the reason to go to war in the first place. It turns out Hussein did not have any weapons, and despite the fact that the world is safer without him in power, the country of Iraq is now riddled with anarchy and its newly formed Government unstable. Our troops have spent some eight years combating Hussein's crumbling reign, and for what really? To form a new government in Iraq.

I think President Bush should have remained focused on the decision he made right after the 9/11 attacks. A War on Terror, specifically our enemy, al-Qaeda and Osama bin Laden in Afghanistan. They were responsible for the attacks, no matter how many of these liberal left-wingers out there will try to deceive you and say it was an inside job, they are the one's responsible and continue to pose a threat to the security of our nation. However President Bush focused his attention on Iraq in 2003, and while he may have firmly believed in the notion that the CIA indicated that Iraq had WMD, the American people seemed to forget that the enemy was al-Qaeda.

In 2004, I voted for President Bush again, and then the truth started to really come out, the real story of Iraq and our government was continuing to be mismanaged. In 2006, I decided to leave my respected Republican party and just become an Independent. Also that year, the Democrats took back control of Congress, and many people in America, fed up with President Bush, wanted the Democrats to bring change to the country, and possible impeach him.

That was not the case. House Speaker Nancy Pelosi motioned against any form of impeachment against President Bush. Well, if everyone really thought he lied and deceived the people, why didn't they just do it? Then economy started to go downhill, and Democratic controlled Congress were supporting affordable housing and the bubble was starting.

By 2008, it was impossible to control, and the economy collapsed. Congress and President Bush supported a $700 billion tax payer bailout of Wall-Street when all of the financial banking and insurance institutions started to go under: Goldman Sachs, Chase, AIG, Washington Mutual, etc. Then, the two government sponsored lending agencies Fannie Mae and Freddie Mac also experiencing the same slew of problems.

Congressman Barney Frank, a Democrat from Mass. and Chairman of the House Financial Services Committee, said in July of 2008 on CNBC that Fannie Mae and Freddie Mac were "fundamentally sound, and they are not in danger of going under. They're not the best investments these days from the long term standpoint, going back, but I think they're in good shape going forward. We're going to do some things that will improve them."

Well, two months later, both of the government sponsored lending agencies collapsed. Congressman Frank took virtually no responsibility for what should have been his duty to oversee those entities, and Wall-Street, and the Securities and Exchange Commission which regulates the business sector. He should have resigned.

Then, President Barack Obama was elected. He vowed to bring change to the United States. Get us out of Iraq, restore the economy, create jobs, fix the healthcare system and reform immigration. After nearly two years under President Obama's reigme, nothing has changed. The unemployment in this country is still at 10%, his recently signed Healthcare Law which everyone has to buy healthcare has demonstrated to be very unfavorable among a majority of Americans, the national debt is over $14 trillion and is wasting time and money on suing Arizona for their immigration law, which the Federal Government refuses to do anything about.

It is no wonder why President Obama's approval rating has dropped significantly, and continues to decline about every other week. The only reason why President Obama was elected was because I think a majority of Americans in my generation were brainwashed and manipulated by a man who vowed to bring change to this country, because younger people especially were tired of President Bush. Yet, nobody really knew that Obama was this side of a Socialist, and wants to create a new agenda for the United States that is simply not going to work. As for me? I voted for the Independent candidate Ralph Nader.

I would strongly recommend Obama Zombies by conservative author Jason Mattera, and it gives some good insight to younger voters out there that bought into all of this nonsense.

But all ready, some of the younger voters that helped put him into office, are starting to realize the truth about President Obama, the Democratic controlled Congress and even the Republicans.

The truth of the matter is that President Obama has not even made any effort at all to live up to his campaign promises of 'Change'. It's lies and garbage fed to you, by just about every single politician out there who will say one thing, and then flip it around and expose themselves to being 'bought' by the special interest groups and corporate America. You cannot believe either of these political parties any longer. If you want real 'Change', then start voting all of them out of office and what a message that would send to Washington D.C.? People are fed up with taxes, a mismanaged government and failure to be represented by the people who elect them to the office they hold, and then critics have the gall to say why are there Tea-Parties being held?

So to get back to the title of this post, I would strongly suggest every voter out there take a good look at their voting history for either party and think for a moment if anything is really going to change if you vote for the Republican or Democrat. Maybe it will, although I tend to try and say away from them.

The United States simply does not have the time, resources or will, necessary to continue to put up with this partisanship and to wait around forever to implement the necessary changes in time to prevent the country from going bankrupt. President Obama and Congress have insofar, demonstrated that they are completely ineffective, with poor communication with the American people.

Tomorrow should be a real day of 'Change' in what is going on in this country, and I hope it sends a strong message to Congress and President Obama as to why people everywhere are angry.

Vote wisely and effectively!