Archive for the ‘Congress’ Category

Calderon’s Address to Congress

Posted by courage On May - 25 - 2010

The Democrat’s gave a standing ovation to the two lie’s Calderon’s spoke while addressing Congress.  This maneuver of slapping the United States in the face was an attempt to meddle in United states sovereignty.  Do Democrats believe in the sovereignty of the United States of America or do they believe in a “international order” as the pResident stated a week ago during his commencement speech at West Point?  All indications point to the later, the Democrats do not believe in the principles of this country and desire to weaken the greatness of this country while  perpetuating its demise.   Did these Democratic Congress critters take an oath to uphold the US Constitution or was that mainly lip serve to gain power through a system that has deviated from its intent?  For me the the verdict is  out, we have enemies from within which threaten the country.

What were the two overt lies spoken by the President of Mexico?

Bob Owens from Pajamas Media spells it all out here.

It has already been widely reported that Calderon misrepresented Arizona’s new immigration enforcement law. His own nation’s laws punishing even poorer immigrants surging up from Central America are far more draconian, but the obvious hypocrisy apparently left no foul taste in his mouth.

If the federal government refuses to perform their duty as per the Constitution, Article  IV, Section 4. which states:

The United States shall guarantee to every State in this union a Republican Form of Governance, and shall protect each of them against Invasion; and on Application of the Legislature, or the Executive (when the Legislature cannot be convened), against domestic Violence.

Read the rest of this entry »

Fannie and Freddie: A Case Study in Failure

Posted by courage On May - 25 - 2010

Yes Congress has passed the financial “reform” bill, it now moves to committee to reconcile the two Congressional versions.  The puzzling aspect of this bill is that both the House and Senate version fail to address the catalysis for the housing meltdown, Fannie Mae and Freddie Mac.  In fact, late last year Congress opened, what can be described as an open line of credit for these institutions, creating agencies which have NO incentive to make  prudent loans based on sound financial principles.  Instead the underwater and deep red financial sheet of these agencies is sure to plunge deeper in to an abyss of waste and irresponsible lending, needn’t worry though our tax dollars will prop of this agencies which display government irresponsibility at its highest.

Take a look at the dismal shape of these agencies, courtesy of the Heritage Foundation:

  • Titanic FailureMarket Movers: Fannie Mae and Freddie Mac both played a major role in the housing boom that preceded the economic meltdown of 2008, controlling as much as half of the nation’s residential mortgage market. And that role has grown: Last year, these two government-sponsored enterprises (GSEs) financed or backed about 70 percent of single-family mortgage loans. They hold about $5 trillion in their investment portfolios.
  • Ignoring the Problem: Yet the legislation Congress is considering to reform the financial industry would do nothing to fix the problems associated with Fannie and Freddie. Some lawmakers have attempted to ensure that the current reform effort addresses the problems created by both entities—to no avail.
  • Taxpayers Foot the Bill: Fannie and Freddie are losing money fast, and their losses are being covered by taxpayers—the same taxpayers whom lawmakers say they want to protect from footing the bill for future bailouts.
  • Wanting Even More Money: For the first quarter of 2010, Freddie Mac announced losses of $8 billion and said it would be asking for another $10.6 billion in taxpayer help. Fannie Mae, meanwhile, announced an $11.5 billion loss and asked for another $8.4 billion. This is on top of the nearly $145 billion in taxpayer dollars
  • A Running and Endless Tab: This total, unfortunately, is sure to go higher. Last December, the Obama Administration lifted caps on how much total bailout money Fannie and Freddie can receive. The limits have gone from $200 billion each to however much they say they need.

Trouble Then, Trouble Now

  • Courting Trouble for a Long Time: Experts have warned for decades that Fannie and Freddie lacked sufficient capital—made up of both investors’ money and retained earnings—to protect against losses.
  • Lawmakers Look the Other Way: Back when they were privately owned, Fannie and Freddie had only $1 in capital for every $20 in assets; most banks had $1 in capital for every $12 in assets. Congress did consider higher standards in the 1990s, but many of the same lawmakers who head the oversight committees for Fannie and Freddie today bowed to a high-powered lobbying campaign that derailed reform.
  • Kicking the Can: According to Senator Mark Warner (D–VA) and the Obama Administration, a plan to tame these two GSEs will have to wait until at least next year. An effort by John McCain to amend the pending financial regulation bill to address the problem was defeated recently and replaced by a call for a “study” of the issue. 
  • Fixing Fannie and Freddie
  • Stop Perpetuating the Problem: Fannie Mae and Freddie Mac have posed a risk to the financial system and the taxpayer for long enough. They need to be put on a path to genuine resolution. Fannie and Freddie should be partly wound down, the rest broken up and sold off—not replaced, reformed, or rejuvenated.
  • Don’t Let It Happen Again: Congress should also ensure that no successor institution be provided with the implicit guarantees that allowed these two to play h

Fascist Pelosi.. “We Want Your DNA”

Posted by courage On May - 21 - 2010

From CNET News:

Millions of Americans arrested for but not convicted of crimes will likely have their DNA forcibly extracted and added to a national database, according to a bill approved by the U.S. House of Representatives on Tuesday.

By a 357 to 32 vote, the House approved legislation that will pay state governments to require DNA samples, which could mean drawing blood with a needle, from adults “arrested for” certain serious crimes. Not one Democrat voted against the database measure, which would hand out about $75 million to states that agree to make such testing mandatory.

“We should allow law enforcement to use all the technology available to them…to reduce expensive and unjust false convictions, bring closure to victims by solving cold cases, better identify criminals, and keep those who commit violent crime from walking the streets,” said Rep. Harry Teague, the New Mexico Democrat who sponsored the bill.

But civil libertarians say DNA samples should be required only from people who have been convicted of crimes, and argue that if there is probable cause to believe that someone is involved in a crime, a judge can sign a warrant allowing a blood sample or cheek swab to be forcibly extracted.

“It’s wrong to treat someone as guilty before they’re convicted,” says Jim Harper, director of information policy studies at the Cato Institute. “It inverts the concept of innocent until proven guilty.”

“Suspension of the rules is supposed to be for praising the winner of the NCAA championship or renaming Post Offices,” Harper says. “Things like collecting Americans’ DNA are supposed to be fully debated in Congress.”

In a surprise move, as the U.S. Congress was expanding the FBI’s DNA database, the U.K.’s new coalition government was pledging sharp curbs on its own databases.

Read the rest of the article here.

Why has this not been reported in the news media?  Currently, the feds can violate your rights under the 4th and 5th amendment with DNA collection through the Violence Against Women and Department of Justice Reauthorization Act of 2005 signed by President Bush.  This new legislation creates an incentive for state and local governments to follow suit, cash bribes in the way of grant program money will be available for the agencies that sign up for the collection. If your local or state government chooses not to be party to this legalization, the feds will taking names.  For the moment there seems to be no penalty, but the future is always unclear with this administration. This legislation morphs “innocent till proven guilty” to “guilty till proven innocent and we now have your DNA.”

Where did your Congress critter stand on the issue, check here. For those in Indiana’s 1st Congressional  District, no fear our  fascist  non-representative Pete (I haven’t seen a pay-for-pay deal I didn’t like) Visclosky voted in favor of the legislation; as did all the lockstep Democrats.

If you don’t think this will affect you, think again.  As we have seen, the federal government takes small steps toward tyranny, in the name of creating an utopia society; the next step will be collection from those detained for non-serious crimes, then with driver license renewal, all in the name of keeping the nation safe.  That is how they operate, we have only a slightly thug government, more accurately described as a nanny state.  The ends justify the means and that tenet means trampling on your rights as a citizen is inconsequential as long as they get what they want; because they know whats best for you, your state and our society.  Make no mistake this is solely the first baby-step towards a national DNA data base, in the future they will point to cases which will validate this intrusion in to your life.

Why the use of some  parliamentary move to swiftly move this to the floor for a vote?  Was Congress afraid that IF the people knew about this legislation, a firestorm of letters and calls would ensue?

And a nagging question begs to asked… If the Republicans believe in the Constitution and the principles of freedom it embodies, why were they not screaming and having their voices heard?

This legislation has yet to come before the Senate, hopefully constitutional voices will finally be heard.

Those that give up essential liberty to obtain temporary safety deserve neither liberty or safety.   ~  Benjamin Franklin