4/26/13

A WASHINGTON FAT BUDGET DIET NEEDED NOW! post 154

Hi,

This blogger thought you might like to see what the NATIONAL DEBT IN MARCH LOOKED LIKE
             $140.000,000,000,000.  =    ($14 TRILLION)  NATIONAL DEBT
                      $38,500,000,000.   =   (38.5 BILLION)   AMOUNT CUT.
                  
                $2,170, 000,000.000.   =    (2.17 TRILLION)  INCOME

EVEN IF YOU'RE NOT INTO FIGURES (OTHER THAN HUMAN) YOU'LL PROBABLY NOTICE THIS BLOGGER PUT EXPENSES OVER INCOME RATHER THAN THE RIGHT WAY WHICH SHOULD BE: INCOME OVER EXPENSES. You can see why !!!!!!!!!!!!!!

On top of those figures we have to add regular Federal spending 3.82 Trillon (add the ten ZEROS on your own) and new debt (currently) 1.65 Trillion.
SOUNDS LIKE A CYBER SPACE FANTASY DOESN'T IT ??????????????????

MY FATHER USED TO BE FOND OF SAYING ABOUT MONEY  'YOU CAN'T GET BLOOD OUT OF A ROCK' !!!!!!!!!!!!!!! AND A 14 TRILLION DEBT IS NOT ONLY AN ATTEMPT TO GET BLOOD OUT OF  A ROCK  BUT A DAMN MOUNTAIN !!!!!!!!!!!!! WHAT ARE THE FEDS THINKING ??????????? BEG PARDON, WHEN DID THE FEDS STOP THINKING ???????????

This blogger read somewhere that if you took most of the wealth away from our most affluent and taxed everyone else in the nation that IT WOULDN'T COVER THE NATIONAL DEBT !!!!!!!!have no statistics (damned or otherwise) to back that up but it's probably close to the TRUTH.

AND THE MONEY PRINTING PRESSES LATELY  JUST DON'T STOP TURNING, WHICH IN GERMANY IN THE THIRTIES LED TO A BUSHEL BASKET FULL OF PAPER MONEY TO BUY A LOAF OF BREAD !!!!!!!!!!!!!!! AND HITLER!!!!!!!!!!!!   MORE LESSONS NOT LEARNED !!!!!!!!!!!!!!

Economic problems just like human budget problems come about slowly. You know the routine. One day you look at your credit card and it has gone from ZERO to ASTRONOMICAL and all you bought were a few of the necessities of life !!!!!!!!!!!!!!!!!!!!!!!!

And that's all the Government did. They bought a few of the necessities of life. They have overhead (the interest on the debt and the Washington houses they live in, utitlities etc.) and obligations that have to be met. Then there are the needs of the various states we live in that have to be met because LEGISLATORS were promised those items when THEY VOTED FOR THE HEALTH CARE BILL. ADD TO THOSE A NATIONAL MILITARY, SOCIAL PROGRAMS ALREADY IN PLACE, LEGAL NECESSITIES, EDUCATION, AND  NUMEROUS FEDERAL AGENTS TO OVERSEE ALL THE PROGAMS, ALMOST EVERY SALARY IN WASHINGTON AND IN MANY OF THE UNITED STATES, (FOR LOCAL AND FEDERALLY ASSISTED PROGRAMS LIKE ENVIRONMENT ETC.)  This blogger won't go on and on but IF you can name it, the Federal Government is probably paying for it !!!!!!!!!!!!

ADD TO THOSE NEW BUDGETS FOR NEW TOYS TO PROTECT US INCLUDING DRONES, ARMED AND UNARMED, AND ALL THE NEW PROTECTION PROJECTS THAT BOTH FEDERAL AND LOCAL BELIEVE THEY CAN'T LIVE WITHOUT !!!!!!!!!!!! AND TAKE A LOOK AT THE WASHINGTON CREDIT CARD !!!!!!!!!!!!!!!!!! ASTRONOMICAL !!!!!!!!!!!!!!!!

WONDER WHY A FEW BRAVE SOULS ARE SAYING TO CONGRESS--STOP NEW SPENDING !!!!!!!!!!!!! PUT THE NATION, THE PRESIDENT, THE CONGRESS AND ALL OF WASHINGTON ON A DIET !!!!!!!!!! THEY'RE GROSSLY OVERWEIGHT. ( PUTTING CHILDREN ON DIETS BEFORE THEY ARE FULLY FORMED) WILL NOT HELP OR MAY DISTRACT FROM THE REAL PROBLEM !!!!!!!!!!!)  PUT A LONG GROWN UP WASHINGTON ON A BUDGET DIET !!!!!!!!!!!! A MAJOR ONE THAT INCLUDES ALL THE STATES IN THE UNIION BECAUSE IT'S .........PAY BACK TIME...............!!!!!!!!!!!!!!

YOU CANNOT PAY BACK DEBT WITHOUT SOME SACRIFICE !!!!!!!!!!!!! A RATIONAL BUDGET CAN POINT OUT AREAS OF PAY BACK AND SPENDING. IT WILL POINT THE WAY TO REDUCING COSTS AND UNNECESSARY PROGRAMS. LUXURY IS FINE WHEN YOU CAN AFFORD IT. BUT AT THIS MOMENT, THE PRETTY FACE IN THE WHITE HOUSE HAS EXPENSIVE TASTE AND CONGRESS HAS TO PUT ON THE BRAKES. REDUCE THE HEALTH CARE BILLS, CUT OUT WHATEVER YOU CAN, REDUCE SALARIES AND PERKS. IT'S ALL THERE TO BE DONE !!!!!!!!!!

DO IT CONGRESS !!!!!!!!!!!!!!! ELECT OFFICIALS THAT WANT TO GET MORE FOR THEIR MONEY THAN DEBT !!!!!!!!!!!!!!!! TEAR UP THOSE CREDIT CARDS !!!!!!!!!!!!! AND PUT OUR NATION BACK ON A CASH BASIS AS REAGAN TRIED TO DO. HE MADE A START THAT HELPED ENORMOUSLY.  DON'T WE HAVE ONE MORE CITIZEN IN THIS COUNTRY THAT SEES THE NEED ????????????? AND CITIZENS DID NOT REALLY HAVE TO SUFFER UNDER REAGAN BECAUSE ACTUALLY THE ECONOMY BECAME REAL !!!!!!!!!!!!! HE DIDN'T DO THE WHOLE "TORTILLA" BUT HE SURE MADE THE SHELL CRISP AND SOLID !!!!!!!!!!!!!!!!!!!

This blog reiterates much that has been said and said again over the past few years. This blogger hopes by continuing to tell it like it is that SOMEONE -- THAT SPECIAL SOMEONE-- WILL BE MOTIVATED TO TAKE THE REINS IN 2016 AND AS THEIR FIRST ACT OF BUSINESS WILL SET UP A RATIONAL, REASONABLE, RAPID REMUNERATION OF DEBT AND REGULATED, RESPONSIBLE, REDUCED SPENDING.

IF THE FEDS WANT TO CONTROL SOMETHING.............TRY CONTROLLING SPENDING..........INSTEAD OF SOCIALIZING THIS COUNTRY............TRY CONTROLLING THE NEEDS OF OUR STATES' DEMANDS-PUT THEM ON A BUDGET...............IF THE FEDS WANT CONTROL--- THEN .................. TAKE CONTROL OF A NEW BUDGET THAT MEETS OUR NEED TO REPAY LOANS AND STAY OUT OF DEBT.  THAT'S FREEDOM WITH RESPONSIBILITY !!!!!!!!! THE REAL MEANING OF FREEDOM !!!!!!!!!!!!

THERE'S A LOT TO DO IN WASHINGTON !!!!!!!!!!!!!!!!!! WHICH DOESN'T INCLUDE DENYING FREEDOM AND HOLDING CITIZEN'S HANDS AS THEY RUN INTO THE HARDSHIPS OF LIFE!!!!!!!!!!!!!!! IN FACT WHO CAN TRUST A " WASHINGTON PARENT" SO DEEPLY IN DEBT THAT POOR AND RICH KIDS HAVE TO FEAR FOR THEIR HOMES, FOOD AND SECURITY ???????????????

GIVE UP THE CREDIT CARDS, WASHINGTON !!!!!!!!!!!!!!!!!!!!!!!!

CHEERS, CONNIE



4/19/13

BOMB BULLIES CAN BE STOPPED! POST 153

Hi,

Not a good week in America. First the Boston bombings then the Texas fertilizer disaster. These horror stories are not only sad but economically disastrous. No one likes to talk about cost in the face of horrific events but unfortunately it is part of the disasters.

The long term costs for those hurt by flying shrapnel in any of these events is both debilitating and financially alarming. The injuries do not go away over night and even after the pain and trauma, there is the cost of recovery, bodily and financially. Those losing limbs face a lifetime of payment for an act that had nothing to do with their  beliefs. Victims are victimized doubly by the event. The deaths carry their own cost of funerals and grief.

And that does not take into account the financial costs incurred by police, trauma units and firemen and untold workers who comb the site. These immediate economic costs are followed by months and sometime years of changes affecting the nation economically in bringing more safety to the events people love. The economic costs incurred by these precautions are almost beyond estimation.

It seems to this blogger that the constant use of anonymous killing by a small percentage of people on a mission to change "whatever" they think is wrong with America is BULLYING TAKEN TO THE EXTREME. AND BULLIES NEVER MADE THE WORLD A BETTER PLACE OR CURED INJUSTICE. THEY JUST ESTABLISHED MORE OF THE SAME.

The Texas Fertilizer disaster seems like a HORSE OF A DIFFERENT COLOR  but it's not !!!!!!!!!!!!!!! THE SAME KIND OF ECONOMIC COSTS APPLY but the reason for the disaster is the WORLD'S BIGGEST BULLY.............CARELESSNESS !!!!!!!!!!!!!! The plant had been cited for problems and had used a band aid on them that ended up costing lives and injuries just like those suffered in Boston. Victims of another BULLY that unfortunately has over A LONG time TAKEN innocent lives.

Okay, you say ACCIDENTS HAPPEN.  That it's not the same as the two bombers attacking in Boston. This blogger calls LETTING A NURSING HOME EXIST NEXT TO A KNOWN DANGER ALLOWS THE SAME ACT OF BOMBING AS THOSE PERPETRATORS !!!!!!  ALLOWING HOMES TO BE BUILT WITHIN RANGE OF EVEN A SMALL PLANT EXPLOSION--AN ACT OF CARELESS THINKING AND PLANNING  !!!!!!!!!!!!! FERTILIZER PLANTS HAVE LONG BEEN KNOWN TO BE DANGEROUS.  Economic factors?????? Look at the cost now.

WHEN WE HAVE SPECTATORS OF ANY EVENT LINE UP ALONG THE STREET ISN'T THAT AN IMMEDIATE RECIPE FOR DISASTER ????????????? AN OPEN INVITATION TO ANY NUT IN TOWN TO PULL THE TRIGGER ON INNOCENT FOLKS ?????????  HAVEN'T WE SEEN THAT OVER AND OVER ??????????? AREN'T WE SIMPLY FACILITATING THE BULLIES IN OUR MIDST ??????????? THERE MUST BE OTHER WAYS TO HANDLE THESE EVENTS AND SPECTATORS WITHOUT MAKING THEM VICTIMS. MAYBE THEY COULD BE HELD ON READY MAKE TRACKS LIKE HORSE RACING OR FOOTBALL GROUNDS (UNLESS WE CONSIDER THEM SACRED).OR SPECIAL EVENT TRACKS ALL OVER THE COUNTRY.

WE PROBABLY INCURRED BILLIONS OF DOLLARS  IN  SHORT AND LONG TERM COSTS IN EACH DISASTER THIS WEEK with seen and unseen costs  BECAUSE WE HAVE NOT TAKEN THE LESSONS OF THE PAST SERIOUSLY !!!!!!!!!!!!!

GET THE PEOPLE BACK FROM THE EVENT !!!!!!!!!!!!! BETTER STILL MAYBE NOT ON THE STREET AT ALL !!!!!!!!!!!! THIS HAS HAPPENED ALL OVER THE WORLD.  ISN'T IT TIME WE TOOK NOTE ?????????????

 IT'S NOT GIVING IN. IT'S GROWING UP !!!!!!!!!!!!! AND FACING THE REAL WORLD.  PART OF THE WAY TO STOP BULLYING IS NOT TO PUT YOURSELF IN THE WAY OF IT !!!!!!!!!!!!!! IF A BULLY CAN'T FIND A VICTIM THEN HE CAN'T BULLY EASILY!!!!!!!

WE DON'T HAVE TO PROVIDE EASY VICTIMS!!!!!!!!!!!!!!!!!!!

IF A SITUATION LIKE THE FERTILIZER FACTORY IS DEEMED DANGEROUS,  DON'T LET THE CARELESS BULLY HAVE HIS WAY !!!!!!!!!!!!!!!!!!!! IT COSTS MORE TO ISOLATE PLANTS OF THIS NATURE BUT-----------------THE COST IS FAR LESS IN THE LONG RUN. Not only do you save lives but economically you don't want to have to pay the piper for the careless.

This may seem like a fairly obvious blog. We all know these things but it seems to this blogger that KNOWING IS NOT ENOUGH !!!!!!!!!!!!  THAT MAYBE KNOWLING THE ECONOMIC COSTS OF ALLOWING BULLIES TO THRIVE WILL MAKE MORE OF AN IMPRESSION !!!!!!!!!! WE MIGHT BE ABLE TO MAKE A DENT IN THE NATIONAL DEBT IF WE STOP SUPPORTING BULLYING!!!!!!!!!!!!!!!!

CHEERS, CONNIE








4/12/13

"THE ART OF WAR" OR IS IT MAH JONG? POST 152

Hi,

This blogger is not going to pretend to understand war or even why nations presume that it is THE ONLY viable strategy for getting what they want BUT I do see a pattern forming with this North Korean rumble of war and it is intriguing.

If you have read any histories of China, you might have run into 'THE ART OF WAR'  BY SUN TSU, a piece of history still being very much used in the East. If you want full understanding, it is available at bookstores and libraries but here is a brief, general concept. First and foremost the actual perpetrator is never to be visualized as the perpetrator. NOW THAT'S NOT EASY! !!!!!!!! So,  the perpetrator (or war monger)  acts as a manipulator behind the scenes of the action to achieve preferably several outcomes that are desired or needed. The outcome, therefore, is to win without fighting because "weapons are instruments of evil omen".

The idea is to keep warfare from your own shores if at all possible and lay the blame on others. It is also part of a defense against what is often called ENCIRCLEMENT!!!!!!!!! To be avoided at all costs. ENCIRCLEMENT IS BEING IN SOME METHOD  SURROUNDED BY YOUR OPPONENTS ALTHOUGH NOT ACTUALLY ON YOUR OWN TERRITORY.  Got that???????????? CIRCUITOUS THINKING RETARDS ENCIRCLEMENT IF THE ART OF WAR IS PROPERLY PLANNED. There's lots more but those ideas should suffice for this blog.

Now we have a situation that one of the largest and oldest nations in the world can use to practice THE ART OF WAR and come out smelling like a rose. (smelling like a rose is not part of the plan but it does resemble the result unless you're the parties being used !!!!!!!!!!)

China has never been happy with American military support of South Korea with the annual joint military exercises with B-52 bombers nor has North Korea.  China has a real hard core resentment of Japan and its past invasion when China felt it was weak. China finds the American presence militarily a form of encirclement by the United States. Three big reasons that China would find at present THE ART OF WAR a masterpiece for its peace seeming position.

Of course, we can understand why a  threat of nuclear war rattles Japan's bones.

Okay, add to all this the relatively young age of Korea's Supreme Leader, Kim Jong Un-; who is Pyongyang saber-rattling to use nuclear weapons on American targets WHICH COULD MEAN  American friends. South Korea and Japan are  closely in target range. Kim Jong Un-'s PREVIOUSLY POOR DECISIONS HAVE LEFT HIS PEOPLE STARVING. WAR means FEWER MOUTHS TO FEED. HE IS AMBITIOUS AND HAS THE BELLIGERENCE OF YOUTH. Add to this our relatively young President . THE CHINESE WOULD FEEL CONFIDENT OF THEIR ABILITY TO INFLUENCE YOUNG COMMUNISTS.

ALL THE INGREDIENTS FOR THE ART OF WAR !!!!!!!!!!!!!!!!!!!!! WITH CHINA HOLDING THE WINNING HAND AND NO SHOW OF ARMS !!!!!!!!!!!!!!

After all in the past China has backed North Korea at least with rhetoric which is about all they have to do being a Giant compared to most of the other players in the East. So North Korea feels confident if push came to shove, China would be there for them. WOULD SHE ????????? I'd think only if she couldn't get her way without a show of force which is not her best option at present.  CHINA is  CURRENTLY becoming an Economic power and wants TO CONCENTRATE HER EFFORTS ON ECONOMICS!!!!!!!! THE ART OF WAR ALLOWS FOR RIGIDITY BUT ADVISES VERSATILITY.

So what does China stand to gain through the ART OF WAR where she is the hidden manipulator???????????????

Let's take a look at the possibilities. If Japan gets nervous and makes a false move thus beginning a long conflict with Korea, CHINA CAN VENT SOME OF HER RESENTMENT AND FRUSTRATION ON THAT ISLAND LAND,  WHO IS CURRENTLY AHEAD OF HER ECONOMICALLY. THAT WOULD SET JAPAN  BACK ON  THEIR COLLECTIVE ASSES WHILE KOREA MESSES UP THE  LANDSCAPE.

If Japan holds firm but South Korea gets nervous and starts another conflict, WE ARE THEIR PROTECTOR AND THAT WILL ENGAGE US IN A REAL POLITICAL DILEMMA OF OBAMA'S PROMISE OF NO CONFLICT AND OUR COUNTRY'S PROMISE OF ACTING IN SOUTH KOREA'S DEFENSE. CHINA SITS BACK AND WATCHES KOREA ENTER ANOTHER WAR FOR TERRITORY AND NO MATTER WHO LOSES--CHINA WINS!!!!!!!!!!!!

THE CHINESE CAN EASILY MANIPULATE THE SITUATION SO THAT ALL INVOLVED GET VERY NERVOUS (as they are right now)!!!!!!!!!!!!!! WHAT'S THE PRIZE IN THAT ??????????? HOW ABOUT USING THE SITUATION TO CREATE AN AGREEMENT THAT AMERICA STOP PRESENTING AN APPEARANCE IN THE SEAS BY CHINA IN MILITARY MANEUVERS EVERY YEAR OR ANY PRESENCE AT ALL ???????????? VOILA! (French words are always so much more dramatic!) ENCIRCLEMENT SOLVED ON THEIR COAST!!!!!!!!!!!! THIS OUTCOME BY THE WAY IS MOST ASSUREDLY POSSIBLE WITH ANY OF THE SCENARIOS. ............AND PERHAPS THEY CAN THEN PUT A LID ON AMERICAN ECONOMICS IN THE EAST.

ALL THEY HAVE TO DO IS WATCH UNTIL IT IS TIME TO TALK AT THE CONCESSION TABLE !!!!!!!!!!!!!!!!!!!!!!!!!!! NICE, PEACEFUL, CARING CHINA WHO ONLY WANTS THEIR WAY WITHOUT HAVING TO MAKE A MESSY WAR !!!!!!!!!!!!!! WHO WON'T ADMIRE THEIR FORBEARANCE  OR NOT WANT TO GIVE THEM A GENEROUS REWARD ??????????????

This blogger has no doubt  missed some of the perks, or suspected outcomes, or intricate maneuvers that the ART Of  WAR might dictate but after all  a MERE BLOGGER  far from the political action can be excused for a few WAR DANCE ERRORS !!!!!!!!!!!!!!!

THOUGHT YOU MIGHT FIND THIS ECONOMIC CATASTROPHE IN THE MAKING INTERESTING AND WANT TO WATCH HOW IT PLAYS OUT !!!!!!!!!!!!! IF OUR POLITICIANS WATCH CLOSELY, THEY MIGHT JUST ACTUALLY LEARN FROM A DY-"NASTY" HOW IT'S DONE !!!!!!!!!!!!!!

 "MAH JONG"  and the "'I CHING" ARE SERIOUS  GAMES THAT HELP  TEACH WESTERNERS THE CIRCULAR MOVEMENT OF EASTERN THOUGHT--NOT CHESS-- WHICH IS A  DIRECT GAME  FOR WESTERN THOUGHT.  THIS BLOGGER  DID A SERIES OF PAINTINGS ON THE "I CHING"  WHEN SHE  BECAME INTERESTED IN IT.  THE HARD EDGE PAINTINGS USE COLOR AND SHAPE TO SHOW THE CONCEPTS OF THE ORIENTAL CIRCLE OF LIFE AND THE YIN-YANG, PLUS THE INTERACTION OF OPPOSING FORCES, AND  THE PROPER PLACEMENT OR TIMING OF EVENTS TO BE SUCCESSFUL.

CONFUCIUS EONS AGO WROTE AN INFLUENTIAL COMMENTARY AND ALTHOUGH CHINA DOES NOT ESPOUSE CONFUCIANISM TODAY, CENTURIES OF THINKING DON'T JUST DISAPPEAR !!!!!!!!!!!!!!!!!!!

 PERHAPS WE ALL NEED TO EXPLORE MORE 'CIRCULAR' THOUGHT AND MAKE 'MAH JONG' A NEW TRENDY PURSUIT !!!!!!!!!!!!!!!!! TO AVOID BEING DIRECTLY INVOLVED IN WAR!!!!!!!!!!!!  THE DRONES WITH THEIR INDIRECT MANEUVERING  MAY BE A STEP IN THAT DIRECTION.

CHEERS, CONNIE



4/5/13

SKUNKS ACT LIKE SKUNKS! RIGHT? POST 151

Hi,

This blogger has DISCOVERED  a new definition of Intelligence set up by the  flock of MOVERS AND SHOVERS THAT CURRENTLY INHABIT AMERICA AND OUR WORLD.

WHOEVER CAN ESCAPE BLAME, THRUST IT ELSEWHERE, OR OTHERWISE  BE EXCUSED OF ALL CONDEMNATION IS THE MOST INTELLIGENT BEING !!!!!!!!!!!!!!!!

INTELLIGENCE IS  BASED ON  USING YOUR NOODLE FOR A HAT RACK--AND EXCUSES !!!!!!!!!!!! The current suit by Freddie Mac against major banks blaming them EN TOTO for the mortgage debacle is the most current proof of that statement !!!!!!!!!!!

This blogger is aware of a long history on BANKING THAT GOES BACK TO THEIR BEGINNINGS and guess what ??????????????? THERE IS CLEAR EVIDENCE THAT BANKING WILL DO WHATEVER IS NECESSARY TO SAVE ITS COLLECTIVE ASS when things just don't work out to their satisfaction !!!!!!!!!!!!!!!!!

Now if this lowly blogger knows that fact then is it too much to expect that a GOVERNMENT CONTROLLED AND RUN INSTITUTION  SUCH AS FREDDIE MAC WOULD KNOW IT AS WELL? DID WASHINGTON BOTHER TO HAVE ITS ECONOMIC OFFICIALS STUDY THE HISTORY OF BANKS OR FOR THAT MATTER ECONOMICS IN GENERAL ????????????

DID IT NEVER OCCUR TO THOSE ERSTWHILE DO-GOODERS IN FREDDIE MAC THAT WHEN YOU LOAN MONEY FOR A  HALF MILLION DOLLAR HOME TO A FAMILY EARNING LESS THAN  $60,000.  A YEAR THAT THEY WOULD NOT BE ABLE TO MEET THE MORTGAGE PAYMENTS and HIGH INTEREST-- NO MATTER HOW YOU SWEETENED THE DEAL ?????????????????? DID IT NOT OCCUR TO THE MORTGAGE BROKERS WHO BUNDLED THOSE SCARY MORTGAGE LOANS INTO SECURITIES??????? AND SOLD THEM,  THAT IT  JUST MIGHT BE MORE THAN RISKY ?????????????

OBVIOUSLY NOT !!!!!!!!!!!!!!!!

Now, we come to the fun part. Guess who is suing whom???????? The taxpayers against THE government ??????????? Nah, too many nice guys here anyway you can't sue for wasting taxpayers' money. Too damn bad, old sock.  IT'S GOOD OLD FREDDIE MAC SUING THE BANKS BECAUSE----------YOU GUESSED IT----------THEY ARE TO BE BLAMED FOR DOING WHAT BANKS DO BUT IN THE EVENT OF CRISIS ONLY MORE SO !!!!!!!!!!!!!!

THOSE MEAN "OLE' BAD BOYS AT BANKS IN BRITAIN AND SWITZERLAND CONSPIRED TO SAVE THEIR ASSES BY MANIPULATING THE LIBOR (a rate which provides the basis for trillions of dollars in contracts around the world, as well as mortgages, bonds and consumer loans).  LIBOR = LONDON INTERBANK OFFERED RATE. 

IN OTHER WORDS, DOING WHAT BANKS DO--IN A CRISIS

POOR SELF-RIGHTEOUS FREDDIE MAC AND FANNIE MAE FIRST ESTIMATED THEY LOST $3 BILLION ON THEIR  'UNWISE' INVESTMENTS WHEN THEY GUARANTEED ABOUT 50% OF  AMERICAN HOME LOANS OR NEARLY 31 MILLION MORTGAGED HOMES. THEY NOW ESTIMATE THOSE LOSES MAY REACH $1 TRILLION DOLLARS !!!!!!!!!!!!! AND THE 'DO-ONLY-GOOD' SOCIALIST AGENCIES FREDDIE MAC AND FANNIE MAE JUST DIDN'T HAVE A CLUE THAT THIS WAS RISKY AND WANT TO LAY ALL THE BLAME ON THE BANKS WHO SET THE LIBOR AND THAT FREDDIE MAC NOW CLAIMS CAUSED THE DEBACLE !!!!!!!!!!!!!!!!!!!!!!! BY BEING BANKS!

WHO'S PAYING THE BILLS ????????????? WHY AMERICAN TAXPAYERS, OF COURSE, SO FAR TO THE TUNE OF $170 BILLION--JUST A DROP IN THE BUCKET OF WELL MEANING SOCIALISTS WHO ALWAYS BELIEVE THERE'S A LOT MORE COMING FROM WHERE THAT CAME FROM !!!!!!!!!!!!!!!!!! THAT OLD BUCKET NEVER SEEMS TO GO FROM FULL TO EMPTY WHEN YOU BELIEVE YOU ARE DOING GOOD AND THAT YOU ARE INTELLIGENT !!!!!!!!!!!!!!!!!

And since intelligence means to the well rounded socialist "escaping the blame"--ALL IS WELL!!!!!!

BELIEVE THIS BLOGGER THAT I AM NOT ABSOLVING THE 15 BIG INTERNATIONAL BANKS FREDDIE MAC IS SUING FROM ANY PART OF THE  BLAME. EVERYONE IS TO BLAME IN THIS RIDICULOUS SCAM ON THE AMERICAN PUBLIC.

BUT THIS BLOGGER IS SAYING THAT IF A SKUNK MAKES A FOUL ODOR WHEN ALARMED BY DANGER--WOULD YOU SET OUT TO ALARM IT ?????????????

AND IS WASHINGTON WHOEVER? TRYING TO TELL US THAT POOR 'LIL OLE' FREDDIE MAC DID NOT UNDERSTAND THE FOUL ODOR THAT WOULD OCCUR WHEN THE MORTGAGE SHIT HIT THE FAN??????????????

THIS FANTASY REQUIRES ANOTHER .......PUH.....................LEEZE...........!!!!!!!!!!!!!!

 BANKS DO WHAT THEY DO TO SURVIVE. THEY'RE NOT CONSIDERED THE NICE GUYS  OF THE PLANET BUT THEY ARE CONSIDERED THE NECESSARY GUYS OF THE PLANET. THE SUIT SAYS: "THEY (THE BANKS) ACTED COLLECTIVELY TO SUPPRESS...LIBOR, BOTH TO HIDE THEIR INSTITUTIONS' FINANCIAL PROBLEMS AND TO BOOST THEIR PROFITS."

DU............HHHHHHHHHHHHHHHHHH !!!!!!!!!!!! ISN'T THAT WHAT BANKS DO?????????

IF THIS EXCUSE, THAT FREDDIE MACK IS LAYING ON BANKS, WASHES OUT SOCIALIST BLAME AND EXCUSES THEIR LACK OF INTELLIGENCE IN THIS ECONOMIC CATASTROPHE, THEN THIS BLOGGER WILL HAVE TO ADMIT THAT THE NEW DEFINITION OF INTELLIGENCE HAS MERIT.  AND THAT MAYBE, AS THE SOCIALISTS ARE ATTEMPTING TO CLAIM, OBAMA IS OUR MOST INTELLIGENT PRESIDENT !!!!!!!!!!!!!!!!!! AND SKUNKS NO LONGER EMIT AN ODOR!!!!!!!!!!!!!!!!

CHEERS, CONNIE