New Find of 4.3 Billion Barrels of Oil in North Dakota

The recent calls for offshore drilling by the Republicans and big oil companies such as Exxon, are are far less audible now that oil prices have plummeted due to a deep economic recession. The bailouts have squelched all calls for "drill baby drill" because oil is now cheaper.

But is the US sitting on its own oil reserves and the theory used twenty five years ago was to buy foreign oil because it was cheaper than producing our own. At some point this thinking is now outdated when the prediction of $ 300.00 a barrel for oil is predicted in the near future.

That is after we recover from the deep recession due to Wall Street excesses on credit swaps and derivatives.

Since April 10th the Us Geological Survey Office of Communication issued their findings of large oil assessments in North Dakota and Montana.

There is an estimate of up to 4.3 billion barrels of oil that remains recoverable in an area called The Bakken Formation. They are recoverable by today's technology and only 105 million barrels have been tapped since 2007 in the Bakken Formation. This area has the largest reserves of oil than any of the other states and is considered a "continuous" oil accumulation meaning the oil is spread throughout the geological formation.

The findings would not only provide needed jobs in the area but the Bakken well can produce for over 40 more years. It would certainly be less expensive to drill for oil in oil fields than to drill on the ocean floor to greater depths.

Over five assessments units (AU) all confirm the Bakken Formation which include the Bakken Formation, the Elm Coulee-Billings Nose, the Central Basin-Poplar Dome, the Nesson-Little Knife Structural, The Eastern Expulsion Threshold and the Northwest Expulsion. A number of wells produced oil from three of the assessment units.

The questions remain why did the US import oil from the Middle east rather than develop the US findings and drill for oil within the US?

Another question is why do the oil companies and the Bush administration call for off shore drilling in prestine waters such as off the coast of Florida a high tourist area, rather than drill in North Dakota and Montana?

Yet another question is why drill in Alaska which is over 1,000 miles to the major cities of the US which would require an expensive pipeline to be built through a foreign country and over 10 years to build it?

In the long run green energy or renewable energy is the preference and worth the cost investment. If these options were developed 20 years ago, we would not be in this energy crisis today.

Source: USGS National Assessment of Oil and Gas

TAGS: USGS, National Assessment of Oil and Gas, Drill in North Dakota, US import oil, Bush administration, Republicans, New Find of 4.3 Billion barrels of Oil in North Dakota, Exxon, big oil companies, offshore drilling, energy, oil, assessment units, Bakken Formation, Alaska, expensive pipeline, Elm Coulee-Billings Nose, Central Basin-Poplar Dome, Neeson-Little Knife Structural, Eastern Expulsion Threshold, Northwest Explusion.

The Church, The State and Prop 8

Photo By: David McNew -Time Magazine

The Church, State and Prop 8

November 4th saw the ushering in of the first African American President Barack Obama and for some democrats and liberals history was made in one day.

On the same day we all lost our freedom to be who we are, and to let others be married. It was the first time I was ashamed of America that illegally stripped gays of a legal marriage. On the same ballot that elected Barack Obama voters by a slim margin negated the Supreme Court of California‘s ruling only months before the election.

Back in the year 2000 voters made an amendment to the State of California’s civil code to accept only heterosexual marriages, in May 2008 the California Supreme Court repealed that amendment stating it was unconstitutional. It was a culture of constitutional conservatism.

What seems to be occurring here is they are playing ping pong with people’s lives and well being. You cannot take away the fundamental rights under the constitution from the few and gay marriage has been fought in other countries in the same manner.

The passing of Proposition 8 dissolved the hopes, dreams, lives and joy of 18,000 people in the name of religious beliefs that spearhead the fight against gays. Our society cannot take someone's constitutional rights away based on religious theory.

The Church of Jesus Christ of Latter-day Saints donated as much as 20 million dollars alone to defeat gay marriage has been targeted for their part in defending hetero only marriages which discriminates against gays. A total of over 40 million dollars was wasted on banning gay marriages from mainly religious groups and most of the money is said to have come from the Mormon Church in Utah.

The other interesting result of the election and voters response to Prop 8 is that 70 percent of African-Americans voted to ban gay marriage as indicated by CNN’s exit polls while electing Barack Obama as their President.

The list of donors is publicly available information and lists major contributors such as Container Supply Company situated in Garden Grove which gave a huge contribution of a quarter of a million dollars.

To see the List of Donors to Proposition 8 at

The Anti Gay Black List

All of the donors names must be made public to acknowledge the validity of the contributions in a political vote and where they originated.

The information is made available from the California Secretary of State’s Office and gay marriage supporters are now making a case of outing these individuals and their companies.
The fight is far from over and legal action is taking place in the Supreme Court to overturn the results from November 4th with a very good legal position of giving a group of people rights and then taking them away on the basis that this is unconstitutional.

California’s governor Arnold Schwarzenegger twelve days after the vote, indicated on Meet the Press on NBC that he supports gay marriage and has opposed the amendment. He advises “they should never give up” on CNN in reference to gays fighting for their right to marry.

Supporters of this referendum on this ballot who are mainly conservatives religious groups, should be aware of the illegalities of the amendment based on previously granted rights by the same Supreme Court of California. Proposition 8 can successfully be challenged in court, and reversed since it was not an amendment but merely a “revision”.

Revisions need to be passed by both sides of the government before being submitted to voters, and this was not the case. To proceed with an amendment the Senate or the General Assembly would have to pass the proposal by 3/5th’s majority of all members of all representative houses.

Since there were polls taken before the election on November 4th the results do not agree with the results of the final vote tally.

49 percent opposed Proposition 8
44 percent were in favor of Proposition 8
7 percent were undecided

These results matched the polls of Florida and Arizona which are two other states that also had similar ballot amendments.

Gays are used to fighting for their rights, and in other countries such as Canada, Spain Denmark and other states in the US have won the right to marry and are afforded all the legal entitlements awarded to every citizen of their country.

The lack of equality in Prop 8 is quite a surprise especially coming from a liberal state such as California, in which may gays are employed in the entertainment, tourist, real estate, and are the owners of many small businesses that contribute to the state economy.

Currently gays are paying taxes into a state which will not return their rights, individual freedoms and these anti gay amendments affect every aspect of their lives in a negative way.
What also has to be considered legally is the non profit designation of churches whom use their donations in a political manner, can be stripped of their non-profit status for engaging in political activities which are aimed at taking rights away from individual minorities.

The outrage of this vote has caused a major gay movement to be re-vitalized similar to the civil rights movement of the sixties for African Americans. Violence, boycotts, and major demonstrations are planned in 10 countries.
This nationwide movement for gay rights will not end, it will not go away -it will only make the gay and lesbian community more determined to succeed as did Barack Obama.

TAGS: gay marriage, Proposition 8, Supreme Court of California, anti gay blacklist, Prop 8, Mormon Church of Utah, California’s governor Arnold Schwarzenegger, California Secretary of State’s Office, State of California’s civil code, Meet the Press NBC, The Church of Jesus Christ of Latter-day Saints, non profit designation, African American President Barack Obama, Christian conservative, the black list, Barack Obama, nationwide gay rights movement, gay and lesbian community.

Picture courtesy of : David McNew/Getty -Time Magazine CNN
Source: Time CNN US. Allison Stateman/Los Angeles

culture/society, constitution/conservatism, crime/corruption, editorial, politics/elections, US: California, homosexualagenda, homosexual-marriage, presidentelectobama, elections-gaymarriage, gaymarriage-prop8

Chancellor Merkel calls for Reform at G-20 Summit

The German Chancellor Angela Merkel is one of the most outspoken world leaders at the G-20 that has called for “tighter global finance cooperation” and regulations.

The G-20 Summit represents 90 percent of the world gross domestic product and 80 percent of the world’s trade and approximately the same for the world’s population.

The countries attending the summit are : Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the Britain, United States and the European union.

Before the summit began Merkel told a the German newspaper that the turmoil in the financial markets began in the United States. Although there is a consensus to not play the blame game, it goes without saying that one of Bush’s doctrines was at play before the economic collapse.

She sites the lack of rules or regulation of the financial markets was also due to incorrect banking policies of too much paper money circulating and an interest policy that was wrong aimed at Alan Greenspan.

Merkel explained that the market is not for the benefit of itself but for the benefit of all and is social interest driven. (translation from Sueddeutsche.de)
In an interview she stated “ there must be no more blind spots” referring to the world economy being blind sighted by the US credit swaps or derivatives which brought down the whole deck of cards of the world banks.

Heads of states of the twenty countries are all looking for new regulations for financial markets, and it is surprising that they have not acted on this previously. One would assume if there is a global market, there must be a global economic overseer that can monitor such credit attacks such as phony credit swap schemes in the future.

In her country Merkel relates that the state is the guardian of the economic world and it must hold that responsibility not only to her own country but the rest of the world’s economy. As what happened to the United States in allowing the free market system to take hold of the financial establishment the excesses, better known as greed is now facing stiff opposition.

The global financial economy must now face a coherent united regulatory system which cannot fail again. It would be ludicrous if the US prevents such synchronized regulations by its own insistence on a free market financial system which will take years to repair.

Merkel calls for a great need for transparency on the international front of each countries banking system and the urgency of major reform in the financial market.

Merkel also stated that she believed that stronger regulations would be the same direction that Barack Obama would have in mind. She avoided direct comment on the current administration but did state it would be easier to realize these goals than in the past.

The German Chancellor used examples of various institutions such as the International Monetary Fund and the Financial stability Forum as various regulators that can be involved in the strengthening of regulation of the world banks.

TAG: Angela Merkel German Chancellor, IMF, G-20 Summit, George Bush, Barack Obama and G-20, derivatives, US credit swaps, reform in the financial market, banking system, financial markets, world banks, Alan Greenspan.

Obama's First National Address on G20 Summit

President Elect Barack Obama wasted no time to address the nation on the G-20 Summit Meetings in Washington and behind the scene, he has sent surrogates to meet with foreign leaders.

Bush seemed as his usual dumbfounded self, and as the world leaders stated there must be more regulation of the monitary systems in place in each country. Bush has caused this crisis by allowing financial institutions regulate themselves and increased the danger by selling credit swaps or derrivatives which crashed the mortgage industry.

Putting us in peril by deregulation was only one of the major blunders of the Bush administration.

President Elect Obama would increase regulatory legislation which all major countries include as part of the resolutions of this summit to resolve the economic crisis. Obama has urged Congress to grow the economy by adopting a job creation plan that would help those who have lost jobs, and their homes.

TAGS: Rescue Plan, G-20 Summit, job creation, growing the economy, job creation plan, Congress, Democratic Radio Address, President elect Obama recorded first message.

CNN's Obsession with Wacky Sarah Palin

Video of First National Press Conference with Sarah Palin at Governor's Conference, Miami Florida.
without the husband and kids. (Courtesy of Politico).

Twelve days after the election and CNN's wacky obsession with wacky Sarah Palin still continues. Twice yesterday we had two interviews she was on Larry King, she was interviewed with Wolf Blitzer, and then again today she is live at the Republican Governors Association conference in Miami Florida. All the while Palin is still attacking Obama, Bill Ayers and campaigning for her own bid at the Presidency in 2012.

We were just getting use to not having to listen to her babbling, list of words that did not make a complete sentence but the babbling is non-stop on CNN.


For a person in the public spotlight who called the media “liberal” or “elite” Sarah Palin is now using the media to prop up her attempt at further political gain.


In separate interviews several of which were with CNN and one with NBC’s Matt Lauer‘s interview, Palin still seems stuck in her attack mode of the past. Palin’s claiming that Bill Ayers is a terrorist has no relevance today since his crimes occurred over 30 years ago. Palin has become the Republican Britney Spears star in a party trying to rebuild their image after a disastrous Presidential election.

From the transcripts of the interview with Wolf Blitzer of CNN Palin had this to say:

"PALIN: Well, I still am concerned about that association with Bill Ayers. And if anybody still wants to talk about it, I will, because this is an unrepentant domestic terrorist who had campaigned to blow up, to destroy our Pentagon and our U.S. Capitol. That's an association that still bothers me ".

PALIN: No, and I do not think that it is off-base nor mean-spirited, nor negative campaigning to call someone out on their associations and on their record. And that's why I did it.

Palin still claims she has “executive” experience while her record shows a less than honest expense account which billed taxpayers for hotel stays while she was asleep in her own home.
Palin showed her arrogant misuse of Republican campaign funds, during her shopping spree that cost that are rumored to be a quarter of a million dollars. This contradicts her self portrayal as a hockey mom, and just another ordinary Alaskan that eats moose meat. Lawyers were dispatched to Wasilla after the election to retrieve the clothes.

These contradictions just did not jive with voters whom did not vote for the Republican ticket primarily because of Sarah Palin. The fear that she could become a President with an aging John McCain who has had repeating bouts of cancer.

Sarah Palin needs to know that the election is over, and the time for post election political smears against the President elect Barack Obama won is over. Palin claims in her interviews that she is moving on, but this contradicts her obsession with the past 8 weeks of her campaigning for John McCain.

CNN needs to move ahead, and cover the Bailout hearings since the economy is more important than whom Sarah Palin is obsessed with today. Palin meanwhile spent last weekend rummaging through clothes, while RNC lawyers await their return, and was trying to figure out what to give back. Yes, the wacky world of Sarah Palin lives on.

TAGS: Sarah Palin’s Obsession with Bill Ayers, Barack Obama, Palin claims, Presidential election, lawyers dispatched to Wasilla, CNN, NBC, Matt Lauer interview, Republican Britney Spears star, politicol news, news media, post election political smears, President elect Barack Obama, CNN's obsession with wacky Sarah Palin.

Vanity Fair on Credit Default Swaps

What is a credit default swap anyway? Simply put, it is the insurance on a debt in this case it is on mortgage securities.

In layman's terms, a Credit Default Swap is an unregulated insurance policy against a bond default. Investors can purchase bonds, then purchase a corresponding Credit Default Swap or policy.

Should the bond default, the owner can "swap" the bond for the bond premium and "get their money back." It's like a life insurance policy for bonds. If the bond dies, you receive payment.

AIG got caught insuring (issuing Credit Default Swaps) for what turned out to be "bad paper," in this case, bad Mortgage Backed Securities.

This is most likely why AIG is now conducting training seminars in luxury resorts now that it has received billions from the taxpayers they are training their staff and agents, never to do it again.

TAGS: Credit default swaps, AIG, bailout, AIG executives, AIG spending bailout, Vanity Fair on Credit Default Swaps, politics, politicol news.

New Flip Mino HD Camera

I have to get me one of these to follow AIG CEO's and fat cat executives when they take their next junket. Palm trees, pools, spas, hunting trips, luxury manicures, massage, expensive restaurants I can record them with this handy Flip camcorder.

At their next cocktail party, or whether I film them getting into limosines or catch the armored cars as they haul off tax payers money in their Christmas bonuses next month.

Seems to be a great stocking stuffer for any journalist to have handy for the next best story.

The fastest growing company in Silicon Valley over the past few years was not Facebook, VMWare, or all-mighty Google. According to Deloitte, the professional services firm, it was a company whose name you probably won’t recognize but whose product you will: Pure Digital Technologies, maker of the popular Flip video camera.

In a study released last month, Deloitte said that revenues at Pure Digital, a 90-employee firm based in San Francisco, grew 44,667 percent, the highest rate in Silicon Valley over the last five years. Pure Digital says it has sold over 1.5 million devices since it first unveiled its Flip product line in 2007.

This week, Pure Digital is showing how it achieved that distinction and carved out the leading share of the camcorder market: the company is unveiling the Flip Mino HD, a 3.3 oz camcorder that captures video in crisp high-definition and allows owners to easily play clips on their televisions and upload them to video sharing sites like YouTube and MySpace.

The device costs $230 or about $50 more than the standard-definition Flip Mino and $90 more than the original Flip Ultra.

Jonathan Kaplan, Pure Digital’s chief executive, said that the Flip HD targets a more sophisticated consumer who resists recording their child’s first steps in standard, VGA-resolution video. “This is our first product that is starting to scratch a little bit at the traditional camcorder buyer,” he said.

The story of Pure Digital Technology is a remarkable one we have told before: a company outmaneuvering the consumer electronics giants with a simple product that captures what consumers want. It designed an easy way to record, preserve and share memories, instead of a device with a lot of confusing buttons that ends up sitting unused on a shelf.

The new Flip Mino HD performed well in my tests, but there is one nagging problem, not of its own making. It is actually difficult to share the great-looking video the camera records, since Web sites like YouTube and MySpace do not yet display user-uploaded clips in high definition.
Until they get there, the Mino’s HD video clips are best shared over e-mail - or among people in the same room clustered around the computer or television.

To purchase this camera for you or for a Christmas gift look to the right hand side of this article in Amazon and buy one. They are very reasonably priced and will make someone happy!

Written by: Brad Stone

Source: New York Times

Feds Refuse Disclosure on Bailout

Secretary Henry Paulson first approached Congress with the bombshell that the US economy would come to an end, let alone the world if an emergency bailout was not forthcoming.
Paulson demanded total control of the funds, legal indemnity and in a secretive manner would not disclose who would receive the funds or what comprises the collateral.

Not one person appearing that day or several days later seemed to be bothered by these terms, and seemingly were so afraid of the sky falling -they went along with the plan to bailout Wall Street.

This timeliness of the bailout came in the middle of a Presidential election, when most people and politicians were distracted by the election and the subsequent infighting in both parties. Two trillion dollars later, we are no closer to the truth and in fact if we were to know the truth there would be a run on the banks.

There are no details on the collateral in spite of the agreements made in September that both Ben Bernanke and Henry Paulson would comply with the demands for transparency Americans do not know where the money is going, and nor does Congress.

Bloomberg News is requesting the details under the FOI Act and has filed a lawsuit in the federal court several days ago to impose full disclosure.

Since it is taxpayers money to begin with, there should be truthfulness in who is receiving these funds and under what terms. Barney Frank said the Fed’s disclosure is sufficient and that the central bank’s risk exposure is appropriate during these hard economic times. Everyone states they want transparency but this is basically a wash on disclosure and that is not acceptable.

TAGS: The feds, bailout, FOI Act, Presidential election, Wall Street, congress bailout, Henry Paulson, Ben Bernanke, Feds Refuse Disclosure on Bailout, full disclosure, Bailout collateral, federal cort, Barney Frank, Barney Frank, politicol news, politics, Election.

Ebay Still Selling Inauguration Tickets

Internet sites like Ebay, Craigslist and others are being sent notices to stop selling Inauguration tickets to Obama's swearing in ceremony.

It is surprising that Meg Whitman who supported John McCain in his bid for the Whitehouse is allowing scalpers to sell tickets they do not have in their possession and she is not stopping the possibility that some maybe scamming the public. There are no guarantees that people who buy these tickets on line will even receive them after payment.Senator Dianne Feinstein in california is writing a bill that will make it a federal crime to sell tickets to the historic Inauguration of President Elect Barack Obama.

Feinstein says she is seeing tickets going for as high as $ 40,000.00 online and the tickets are supposed to be free to congressional offices. No tickets have been issued yet, therefore those who are selling them do not have them in their possession.

Feinstein is the chair of the Joint Congressional Committee on Inaugural Ceremonies and wants the law passed to prevent scalping.She stated her own office has received over 8.000 requests for tickets. Senator Jim webb has received over 15,000 ticket requests as of Monday and they only expect to get 500 tickets.

Security issues are also a major concern and although tickets must be picked up in person, it is unclear as to who will show up at the event.

Obama's inauguration has received international attention as the first black President of the United States, many are travelling great distances to see the ceremony in person.

TAGS: Obama Inauguration, Ebay selling Obama Inauguration tickets, Meg Whiteman, Dianne Feinstein, Jim Webb, President Elect barack Obama, tickets for inauguration, historic inauguration, John Mccain, congressional offices, Craigslist, EBay, Joint Congressional Committee, Internet sites.

Source: Washinton Times.

AIG Executives Spend Bailout on Another Junket

Left to Right: AIG Advisor group President and CEO Larry Roth, Senior VP Stuart Rogers and Senior Vice President Of Investment Advisory -Bruce Levitus

All kicking back at the posh pool side meeting in the Pointe Hilton Squaw Peak Resort in Phoenix was another example of the Fat Cats of Wall Street burning through taxpayers dollars as fast as they can get their dirty paws on it.

ABC Investigation team went undercover at the resort where the name AIG was never mentioned by staffers. They found AIG executives meeting at the spa, poolside, but not in conference rooms actually conducting a seminar. This "meeting" was said to be a disguised blast for 150 independent financial planners although all the signs were removed in the hotel.

Why are they being so secretive? The AIG executive binge included dinner at McCormick & Shmicks one of the most expensive restaurants while racking up bills of more than $ 400.00 for drinks, appetizers and meals. Football player Terry Bradshaw was to appear as a guest speaker at $ 40,000.00 but was cancelled at the last minute when executives knew ABC were on to them.

AIG executives spent $ 343,000.00 for the 3 day meeting for which they said $320,000.00 of the money was paid for by unnamed sponsors. It is unclear whether this is influence money by sponsors and it seems to be intertwined with taxpayers dollars.

For homeowners losing their homes, jobs, savings, pensions, and kids education money this is a farce of Congress not to put strict controls on AIG, or fire them all and get a responsible team of people that actually work for investors and taxpayers. Congress has no business giving bailout money to bozo's who abuse their position, lost trillions of investors money and to have them continue to abuse taxpayers dollars is totally unacceptable.

Where is Rahm Emanuel when you need him?

Photos Courtesy of : abc15.com

TAGS: AIG executives binge, ABC investigators, abc15.com, taxpayers, bailout money, investors, Larry Roth, Stuart Rogers, Bruce Levitus, CEO Larry Roth, Congress.

Waxman's Weak Memo To Wall Street

October 28, 2008

Mr. John G. Stumpf
Chief Executive Officer
Wells Fargo & Company
420 Montgomery Street
San Francisco, CA 94104

Dear Mr. Stumpf:

Earlier this month, the Treasury Department announced plans to invest $125 billion of
taxpayer funds in nine major banks, including yours, as an emergency measure to rebuild depleted capital. According to recent public filings, these nine banks have spent or reserved $108 billion for employee compensation and bonuses in the first nine months of 2008, nearly the same amount as last year.

Some experts have suggested that a significant percentage of this compensation could
come in year-end bonuses and that the size of the bonuses will be significantly enhanced as a result of the infusion of taxpayer funds? According to one analyst, "Had it not been for the government's help in refinancing their debt they may not have had the cash to pay bonuses.


Mr. John G. Stumpf
October 28, 2008

Page 2

Press accounts report that the size of the bonuses could exceed $6 billion at some firms receiving federal assistance.

While I understand the need to pay the salaries of employees, I question the
appropriateness of depleting the capital that taxpayers just injected into the banks through the payment of billions of dollars in bonuses, especially after one of the financial industry's worst years on record.

As one newspaper recently reported, "critics of investment banks have questioned why firms continue to siphon off billions of dollars of bank earnings into bonus pools rather than using the funds to shore up the capital position of the crisis-stricken institutions.

To assist the Committee's investigation into this issue, I request that you provide the following information and documents for your company as well as any affiliates or subsidiaries:

1. For each year from 2006 to 2008, the total compensation and average compensation per employee, paid or projected to be paid to all personnel, broken down by salaries, bonuses(cash and equity), and benefits; and a description of the reasons for the year-to-year changes in these amounts.

2. For each year from 2006 to 2008, the number of employees who were paid, or are
projected to be paid, more than $500,000 in total compensation; the total compensation paid or projected to be paid to these employees, broken down by salaries, bonuses (cash and equity), and benefits; and a description of the reasons for the year-to-year changes in these amounts.

3. For each year from 2006 to 2008, the total compensation paid or projected to be paid to the ten highest paid employees, broken down by salaries, bonuses (cash and equity), and benefits; and a description of the reasons for the year-to-year changes in these amounts.

4. Documents sufficient to show all policies governing the granting of the bonuses to the groups of employees referenced in items (1) to (3).

Please produce the requested information to the Committee no later than November 10,
2008. To the extent that 2008 year-end bonuses have not been finalized by that time, you should notify the Committee as soon as those bonuses are determined and supplement your response with updated information and responsive documents.

October 28, 2008

Page 3

The Committee on Oversight and Government Reform is the principal oversight
committee in the House of Representatives and has broad oversight jurisdiction as set forth in House Rule X. An attachment to this letter provides additional information about how to respond to the Committee's request.

If you have any questions about this request, please ask your representatives to contact
Theodore Chuang or Alison Cassady of the Committee staff at (202) 225-5420. Thank you for your cooperation.

Sincerely,
~Q.~
Henry A. Waxman
Chairman
Enclosure
cc: Tom Davis
Ranking Minority Member

Wall Street Fat Cats Stealing Tax Payers Bailout

Congress Memo Malfunction and Failure to Protect Tax Payers Dollars.

If Barack Obama won the election based on the disgust that Main Street voters have against the CEO’s on Wall Street that used investor funds like drunken gamblers at a casino the have voiced that disgust.

A memo was sent to Wall Street to exclude “bonus money” to CEO’s and employees however part of the 700 billion dollar bail out package will go to Bonuses. On October 1 the Secretary Treasurer Hank Paulsen and Chairman Ben Bernanke assured Congress that the bailout would not go towards paying bonuses.

However none of the funds issued has created more credit in the market and no taxpayer has received any benefit from the bailout to even small businesses or any person.

Congress was absolutely negligent in giving this bailout with no strings attached, and on a burdened backs of taxpayers who are not only losing their jobs daily, but with a failed economy the task of finding a new job becomes even more depressing.

Henry Waxman had better put some teeth into some demands before the transfer of funds are allocated to these banks. 108 Billion dollars of the 125 billion capital of Phase 1 of The Bailout Plan is going to go to fat cat executive bonuses.

Actually a better plan would have been to wait until Barack Obama takes office before any funds are given to these treacherous greedy bankers. Still an even better plan would be to refinance foreclosures and get them off the market to speed up growth and recovery.

But that is not going to happen at this rate as Congress is losing control of taxpayers dollars.
The first 85 Billion dollars given to AIG has already been used up, then another 60 billion was given and today an additional 28 billion of taxpayers dollars. AIG is just one institution and has had 3 chances to turn things around, while Congress keeps doling out the funds.

The AIG executives are going to have a very Merry Christmas this year - on your dime.

The Federal Reserve has already given out 2 trillion dollars and the Secretary Treasurer is not saying where the money is going.

TAGS: Bailout, AIG 85 billion, Congress Bailout Out, Fat cat executive bonuses, Congress, Secretary Treasurer Hank Paulsen, Chairman Ben Bernanke, Barack Obama, Wall Street, Main Street, Wall Street Fat Cats Stealing Tax Payers Bailout, Congress Memo Malfunction, Failure to Protect tax payers dollars.

The Presidential Dog for Obama

Barack Obama's promise to both of his daughters was to get a puppy for their contributions during his campaign for the Presidency.

It is good to know Barack is keeping his promise about the dog and here are the details for which dog they will pick. Continued on:

www.Doghealth1.com


TAGS: Barack Obama, Goldendoodle, Whitehouse dog, Malia Obama, breeds, hypoallergenic dogs, golden retriever, standard poodle, The Presidential Dog for the Obama Whitehouse, Doghealth1.

Photo Courtesy of: SwissRidge GoldenDoodles

Bush's International Legacy

2 Wars with 11 billion dollars a month of borrowed debt.
High gas prices, paying foreign oil producers.
A poorer, jobless middle class and a lower -lower class.
National home foreclosures causing homeless people.
Low taxes for corporations.
Record profits for big oil companies.
International low esteem of the USA.
High food prices for low income earners and the poor go hungry.
High drug costs for the elderly.
Drug companies own the FDA.
Drug companies running the FDA.
Huge deficits to China into the trillions.
Wall Street fat cat CEO's robbed investors in derivivate scam.
Massive bailouts to Wall Street, but not for Main Street.
Instability in the markets and roller coaster Stock market prices.
Divided country and politics in government.
Trillions of losses for pensioner and investors.
Over 4,000 dead American soldiers.
Over 100,000 Iraq civilians killed.
Hundreds of thousands of wounded Veterans left without support.
Haliburton no bid contracts made Cheney a billionaire.
A hired military for Iraq -Blackwater cost millions.
The VA lacking funds due to the high cost of the war.
Imports of dangerous and tainted Chinese products due to lax laws.
Manufacturing jobs going south to Mexico.
Record high outsourcing of American jobs by greedy corporations.
Automakers going bankrupt due to financial collapse.
High inflation rates.
Haliburton and Cheney get rich on borrowed US dollars.
Taxpayers bailout Wall Street CEO's.
Wall Street CEO's spend bailout on spas, hunting trips.
Wall Street CEO's give themselves Christmas bonuses.
A three year old recession.
People hating us all over the world.
Thanks Bush, that was mission accomplished.

This is just a small list of problems President Elect Barack Obama has to deal with in his new administration only two months away and all are hot button issues that need immediate relief to sustain the economy and life in America.

Tags: Bush Legacy, Blackwater, big oil profits, Haliburton, Wall Stree CEO's bonuses, Wall Street CEO's spend bailout on spas, three year old recession, Cheney gets rich on borrowed US dollars, 2 Wars with 11 billion dollars a month of borrowed debt, 4,000 dead American soldiers, 100,000 dead Iraq civilians, Huge deficits to China, War Profiteering is not a Crime, Corporations are people too.

Rahm Emanuel Chief Pit Bull for Obama

President election Barack Obama has chosen a tough scrapper for his Chief of Staff in his new Whitehouse, which to some signals a hardball administration based on Rahm Emanuel’s past record.

The antics of Rahm Emanuel in the past is that he tore up donations check that he felt were not large enough, he also is known for stabbing a knife into a table while repeating the word “Dead” as he named his opponents at a dinner. Worse than this he sent a dead fish to a political enemy similar to what the mafia does to signify the upcoming murder of an enemy.

Despite the colorful hard fisted past of Rahm Emanuel “he gets things done” as Obama stated. President elect Obama campaigned on a platform of building a consensus and bi-partisan administration especially during his victory speech on November 4, 2008.

Republicans call Obama’s pick for Chief of Staff divisive and not a reflection of bipartisanship that Obama campaigned indicated. Rahm Emmanuel seems to operate as a gatekeeper and has no tolerance for opposition similar to a pit bull who will not let go of whatever he attempts to accomplish.

Perhaps it was Sarah Palin’s very popular nickname during the Republican Presidential campaign, which indicated she was a tough, you betcha VP pick that attacked Obama mercilessly, that Obama picked a similar character to head his Whitehouse Staff.

Obama supporters see no real problem with Obama’s pick other than it signifies he wishes to get down to business, hit the ground running and steam roll any opposition that has paralyzed the last President from criticism in his own party and the Republican opposition. In this Bush lame duck administration term, time is of the essence in the two months leading to Obama’s inauguration in January, 2009.


The transition is moving and proceeding in a very positive way, with George Bush and all other living Presidents offering their help and support to Obama. A myriad of changes such as staff hiring’s, security issues, briefings, meetings on the transition teams will need to be ironed out before a smooth transition can be established.

Obama has real challenges ahead and not only is the economy is in a serious deep slump, but also foreclosures, bankruptcy in industry, global warming, two wars, and high energy prices are all converging to create an daunting plate for any President. One has to agree with Obama’s pick if anything is to be done to fix all of these catastrophes with any measure of success we need a strong Chief of Staff.

TAGS: Economy, Rahm Emanuel Chief of Staff, Obama Emanuel, Rahm Emanuel Chief Pit Bull for Obama, politicol news, politics, Obama administration, Obama transition, strong Chief of Staff, global warming, two wars, high energy prices, foreclosures, Bush lame duck administration term, staff hiring’s, smooth transition, Sarah Palin, pit bull, Whitehouse Staff, bipartisanship, hardball administration.

RNC Sent Lawyers to Alaska To Recover 150K Palin Clothing

Update: November 10th, 2008 :

The lawyer arrived in Alaska and Sarah Palin spent most of her weekend sorting through all the clothing she bought for herself, her husband and her family. Sarah's father said she spent most of the time "trying to figure out" what clothing belonged to the RNC. One would think that all of the clothing Sarah belongs to the RNC.

Palin said during the campaign that she would return all the clothing after the election, which she did not follow up on since it is now all in Wasilla, Alaska.

Lawyers spent the weekend also discussing with Palin that what was left of the clothing will go to charity, or back the stores, or to be paid for by Palin. This was disclosed by a campaign official on Friday.

The campaign stated that about one third of the clothing was returned because it was the wrong size, or for other reasons. However other purchases were made after the clothing was returned to the stores.

Palin blames the election loss on the Republican ticket becaue they ran up a 10 trillion dollar debt. I wonder what she was thinking when she ran up a bill for close to a quarter million dollars in clothing for herself.

The amount of $ 125,000.00 dollars was actually a low ball figure, since she spent close to double that. The amount was reduced by the McCain campaign to hide the truth about Sarah's rather expensive tastes and her lack of concern about Republican campaign donations.

See more on MSNBC

This has been an update by Politicol News Staff - keeping you informed for the news you choose.
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It appears that the Republican National Committee low balled the Palin spending spree on clothes, accessories, and the are privately very outraged at her largess.

Palin was advised by Nicolle Wallace a senior aide to buy several suits and hire a hair stylist for the convention. Palin decided to by her self and family clothes and goodies at Saks, and Neiman Marcus. Supposedly a very wealth Republican donor to the McCain Palin campaign was shocked when they received the bill.

Palin also summoned other Republican staffers to buy clothes on their own personal credit cards, and the campaign did not know this until the staffers wanted their money back.

Palin went hog wild and spent “tens of thousands of dollars” and it is much more than the

$ 150,000.00 which was earlier leaked to the media a week ago. Upon Palin’s return to Alaska some articles have gone missing and one aide said the spree was “Wasilla hillbillies looting Neiman Marcus from coast to coast”.

The final tally will be available when the Republican Party audits its books. Also the Federal Election Committee should be investigating these expenses as the California Republican Party accused Barack Obama of using campaign funds for personal use when he visited his dying grandmother in Hawaii days before the 2008 Presidential Election.

Now days after the election, the RNC has sent a lawyer to Alaska to inventory and repossess the clothing she still kept from the campaign. See: LA Times

Post Election comments are now reversing Palins’ initial statement that Ted Stevens who was convicted of seven counts of what amounts to bribery should step down.
She now states that the people of Alaska spoke by voting and they want him as their senator.
It seems Palin supports the grabbing anything you can for yourself policy, that seems to prevail in Alaska politics and proves this by greedily grabbing all she could during the campaign for herself. New Information

TAGS: Republican National Committee, republican Party, Palin’s Expenses Exceed 150K Spending Spree, Wasilla Hillbillies, Neiman Marcus, Saks, Palin, McCain Palin campaign, Republican staffers, “Wasilla Hillbillies looting Neiman Marcus from coast to coast”,
Republican donor, Barack Obama, 2008 Presidential election, politics, politicol news, RNC,

Christian World Daily Inciting Suicide Bombers

The World Net Daily published a post on November 5th which is entitled

"Wanted: Suicide bombers to Attack US., which is a very inflammatory title for an article.

The article written by one Chelsea Schilling is supposedly written in such a manner as to attract website visitors but in essence it is enticing terrorist to attack us which is disgraceful.

In terms of our ability to handle an attack at this time, when the Bush administration has left this country in shambles is inviting the destruction of our country but more so, at a vulnerable time during a transition of government.

Ms. Schilling reports that terrorist groups are recruiting in Iran for "fighters in the worldwide front against Global Arrogance" and as she implies that means the United States.

The flyers being circulated to young recruits are being circulated in Tehran by Hezbollah the Lebanese group and read " Registration for Martyrdom Operations" and it does not imply the United States. The pamphlets distributed in Iran could be recruiting for attacks on Israel not the United States.

This type of reporting is not only inflammatory but incites all the radicals who believe this country should be attacked again. Rather than promoting peace, through negotiations, and tactics that do not inflame the radicals this supposed "Christian" group are hatefully inciting attacks on the United States by promoting this literature.

The World Net Daily is not the department of defense, it is not the Secretary of State, and it certainly is not the world authority on whom terrorists will or will not attack. The World Net Daily should concentrate on more Christian values such as: peace, hope, love and loving your brother rather than hating him.

TAGS: Christians, terrorists, Chelsea Shilling, Terrorist groups, Hezbollah, Lebanese group Hezbollah, Iran, The World Net Daily, Christian values, transition of government, Wanted: Suicide Bombers To Attack US.

Republicans Slinging Mud at Obama After Election

Jill Stanek a Staunch Republican calls Obama a Barbarian.

Although the election is well over and Barack Obama is picking his new cabinet for his administration of government some people are still slinging mud and accusations.

Jill Stanek is an Illinois nurse who claims a rash of abortions of live births occurred at a Chicago hospital and is calling Obama a “barbarian”. Stanek charges that Obama supports live birth abortions which is not entirely true. She made statements to the World Net Daily audience that we “elected a barbarian as president&