I posted in the past that this is not over. Here is more. I’m saying again, this is not over. Bush’s profligate prescription plan started it. Congress took the bit in it’s mouth and it got worse. After the 2006 election all was lost on fiscal sanity, we are reaping what has been sown.I believe the Bible said something about bitter herbs…

The government has socialized Freddie Mac and Fannie Mae. All loans in arrears but solvent sold off to institutions, foreign investors and private bankers protected from serious losses and the American taxpayer given the pipe. If one is smart, one will buy a half M house quickly and default so that you can get a great rate of interest and a write down on principal.

For the rest, who paid your mortgage on time, tough, you should have been a deadbeat. Or a liberal. Or a Democrat. That’s redundant, sorry.

Meanwhile, a 45% drop in share value pummeled Lehman Brothers over additional worries about the global financial system. If Lehman cannot raise capital, it joins Bear Sterns. Hey, maybe some taxpayers can bail it out! Isn’t that what we’re for, to save the fat kitties?

Monday the markets went up like a teenage boy looking at porn; yesterday down like his mother caught him. Many investors are buying US Treasuries seeking safety, while the list of clowns below are doing their best to destroy any value in bonds by out of control spending and onerous porking up legislation for pet projects in their districts and states.

We have serious inflation in progress from the idiotic ethanol program and oil jolt. Add to that job losses, the housing deflation, illegals taking available jobs from idled workers and the government is cooking a bad tasting soup.

To move the housing market, the Fed must lower interest rates. To head off rampant inflation, the Fed must raise interest rates. For those who think inflation isn’t bad, you haven’t been food or clothing shopping. Look at the COLA numbers the government uses to set next year’s increases. They have manipulated the items used to calculate the inflation rate for SS, Medicare, SSDI, Veterans Benefits and Government Pensions to avoid paying the real rise in cost of living. The government doesn’t have the money to pay the entitlement programs without borrowing more, which means printing more. (Inflationary) Something will give, likely to be the dollar on the world market.

All the while telling the gullible seniors vote us back in office, we’ll keep the cost of Mixed Grill down for you.

Want to blame some people, start with this list of suspects. Most are Dems, but there are some RINO’s in there too.

Top Recipients of Fannie Mae and Freddie Mac
Campaign Contributions, 1989-2008

1. Dodd, Christopher J (S) D-CT $133,900

2. Kerry, John D-MA (S) $111,000

3. Obama, Barack (S) D-IL $105,849

4. Clinton, Hillary (S) D-NY $75,550

5. Kanjorski, Paul E (H) D-PA $65,500

6. Bennett, Robert F (S) R-UT $61,499

7. Johnson, Tim (S) D-SD $61,000

8. Conrad, Kent (S) D-ND $58,991

9. Davis, Tom (H) R-VA $55,499

10. Bond, Christopher S ‘Kit’ (S) R-MO $55,400

11. Bachus, Spencer (H) R-AL $55,300

12. Shelby, Richard C (S) R-AL $55,000

13. Emanuel, Rahm (H) D-IL $51,750

14. Reed, Jack (S) D-RI $50,750

15. Carper, Tom (S) D-DE $44,389

16. Frank, Barney (H) D-MA $40,100

17. Maloney, Carolyn B (H) D-NY $38,750

18. Bean, Melissa (H) D-IL $37,249

19. Blunt, Roy (H) R-MO $36,500

20. Pryce, Deborah (H) R-OH $34,750

21. Miller, Gary (H) R-CA $33,000

22. Pelosi, Nancy (H) D-CA $32,750

23. Reynolds, Tom (H) R-NY $32,700

24. Hoyer, Steny H (H) D-MD $30,500

25. Hooley, Darlene (H) D-OR $28,750

I wonder how they voted on the parachutes for the heads of Freddie and Fannie?

Better yet, sign this petition to
Drill Here, Drill now!

House Democrats call for nationalization of refineries

House Democrats responded to President’s Bush’s call for Congress to lift the moratorium on offshore drilling. This was at an on-camera press conference fed back live.

Among other things, the Democrats called for the government to own refineries so it could better control the flow of the oil supply.

This from the people who fix your bridges and invest your social security money, Oh boy, health care too! Well, they do graft expertly.

They also reasserted that the reason the Appropriations Committee markup (where the vote on the amendment to lift the ban) was cancelled so they could focus on preparing the supplemental Iraq spending bill for tomorrow.

Phones have been ringing non-stop telling these bozos to drill right through the furry critter’s head and get our oil.

At an off-camera briefing, House Majority Leader Steny Hoyer (D-MD) said the same. And a senior Republican House Appropriations Committee aide adds that “there were multiple reasons for the postponement” including discussion on the supplemental. But the aide said there was the thought that Democrats may wish to avoid a debate today on energy amendments.

Here are the highlights from briefing

Rep. Maurice Hinchey (D-NY), member of the House Appropriations Committee and one of the most-ardent opponents of off-shore drilling
“We (the government) should own the refineries. Then we can control how much gets out into the market.”

if you vote for me I’ll give you oil.

Hinchey on why they postponed the Appropriations markup

He had to confer with Fidel and Hugo.

I think there aren’t enough votes for the Peterson amendment. It wasn’t taken up (the Interior spending bill) because of the omnibus Appropriations bill. That’s the main focus of the Appropriations Committee. Rep. Rahm Emanuel (D-IL)

Hey Rahm, then go on record voting for higher gas prices.

They (Republicans) have a one-trick pony approach. Rep. Nick Rahall (D-WV), Chairman of the Resources Committee (In this circus the Dems are the clowns)

You cannot drill your way out of this. Rep. Ed Markey (D-MA), chairman of the House Select Committee on Global Warming

“The White House has become a ventriloquist for the oil and gas energy. The finger should be directed back at them. They had plenty of opportunity to (arrange an energy policy). But they did not put an energy policy in place.” Markey

And you did?

The governors of California and the governors of Florida are going to scream this is not the way to go. Hinchey

Let them, I don’t mind.

There are a lot of arrows in the President’s quiver that he decided not use. Hinchey

I think it’s unlawful to shoot congress critters with a bow; why I don’t know.

“What we do has to be in the interest of the American people. Not major corporations.” Emanuel

The only thing of interest to congress is staying at the public trough.

“It’s like when I talk to my kids. Before we’re going to talk about dessert, we’ve got to talk about what’s on your plate. I hope I’m a little more successful with the oil industry than I am with my kids.” Markey

I hope not, unlike your kids the oil industry is productive.

There are so many red herrings out there they might as well construct an aquarium.

From House Majority Leader Steny Hoyer (D-MD) when I asked him if the markup was canceled because of potential Democratic defections on the Peterson amendment. (emphasis added)

“No. The reason the markups aren’t going through is because we’re trying to get the supplemental on the floor tomorrow.”

Ultimate BS! The phones and faxes have been non-stop on this and 287(g) the law for local law enforcement funding on illegal immigration arrests.

And from a Senior Republican House Appropriations Aide.

“There were multiple reasons for the postponement including ongoing negotiations on the (supplemental) and a (Democratic) wish to avoid debate and votes on the energy amendments.