Why the GOP needs to be shredded.

Michelle Malkin has a post pointing out all the RINOS (Republican In Name Only) who voted to confirm Tim Geithner for Secretary of Treasury.

The list is as follows:

Corker (R-TN)
Cornyn (R-TX)
Crapo (R-ID) – Fitting name.
Ensign (R-NV)
Graham (R-SC)
Gregg (R-NH)
Hatch (R-UT)
Shelby (R-AL) – This one surprised me.
Snowe (R-ME)
Voinovich (R-OH) – Worse than McCain.

The post also includes an excellent video from Jim Inhofe and he succinctly explains that not only is confirming TG an abomination, but discusses the bailout nation that we have become.

What this also suggests unfortunately is that Obama will probably have a small number of traitors that he can rely on to pass his socialist agenda, specifically the upcoming 825 billion bailout bill. More discussion on that proposal coming later tonight.

Congress is not completely void of responsible individuals.

Watch this!!! GOP Sen. Jim Inhofe’s S. 3683

As you watch this, ask yourself the following questions.

1) Do you disagree with him? If so, why?
2) Are you angry? If so, write to YOUR congressman.
3) Since the first bailout, has our economy improved?

The thought process is very simple here. America is on the brink of performing the most atrocious anti-free market, anti-capitalist hari-kari in it’s history. While government has never demonstrated it’s aptitude in handling the functions of private industry, it has on the contrary demonstrated corruption, fraud, mismanagement and waste. Instead of letting the market take it’s natural course – like we have done 98% of the time – we instead rely on intervention out of fear and ignorance. This has the potential to create an economic devastation beyond any that we have seen before.

As citizens, do what you can to ensure this bill passes.

The first steps to the bailout bill

The first 250 billion is now being allocated. So far I have mixed feelings about this.

I am elated that they are not buying up garbage (toxic) mortgages and instead using the money to inject the banks with liquidity. This is important as it guarantees their solvency and that banks will continue to operate. This should alleviate the credit crunch that is precisely what is grinding our economy into a halt. I assume however that this ownership is a temporary measure. We do not want our govt to dictate the bank’s policies – that will be a disaster. If they plan to do the same thing as Japan did, at the very least they can learn from Japan’s mistakes. Nationalizing banks must be a swift and temporary measure to provide confidence and a source of security to the ailing banks.

Buying up mortages is the worst thing they can do because it just rewards bad behavior. I heard talks that some Democrats proposed refinancing loans to a new lower adjusted rate. This is horse shit and if I ever hear McCain propose anything like this again, then I will never say one good word about him.

I am NOT elated to hear that no regulation is being proposed to prevent the market conditions that got us here in the first place. What should be done is a combination of the following:
- Income verification should be mandatory for mortages
- 15% minimum downpayment
- Privatize Fannie and Freddie, they should no longer be GSEs (as we can see government sponsored enterprises are crap). They should operate just like any other business.
- Revoke the Community Reinvestment Act. This is obsolete, gives ACORN and other filty community-organizing groups too much leverage and creates a lot of extra overhead for banks.

Democrats harped on and on and on about lack of regulation, yet they have introduced none of it! We are left paying for banks and no guarantee that the problem has been solved.

The government continues to impress us with their inability to solve anything. A sign that we should lay off some of them…permanently. History to me has shown time and time again that the best a government can do in such a crisis, is to stay the hell out.

The bailout package

I was against this bailout from the start, despite all the smart people warning us that our life would end in an apocalyptic fashion. I would surmise that they all have something to gain, otherwise why would someone like Warren Buffet (who I greatly admire) support a flake like Obama?

In any event, I would like to point out something. Democrats are ONCE AGAIN pushing for a stimulus package. For those unfamiliar, a stimulus package is welfare. It is a circulation of funds to a lower income pool of people that is paid for by a higher income pool. Welfare, k? Now, this last stimulus package was supposed to jump start the economy. It is similar to jump starting a car that is missing a wheel, has a broken muffler and the engine is so rusted it looks like a deep sea find.

IT WILL NOT WORK.

But liberals do not give a shit about this country and if they can pander to their voting class then they will give away other people’s money until this country becomes the United Socialist Republic States.

HOWEVER, Republicans in the House (sometimes they do have a collective brain) have rejected the proposal. Instead they want to introduce a capital gains tax reduction for houses, tax incentives for companies and expedite drilling. Yet our soon to be Great Leader Obama has brainwashed his minions so thoroughly that Republicans are still considered the root of all evil.

Guys, just follow the current events. Republicans are fighting (somewhat) for this economy. Democrats are fighting for wealth distribution. This is not the solution.

Open up your eyes.