Archives for the ‘Nanny State of Mind’ Category

Faith based electrons

I’m just about through with the people in Washington, D.C. and all those who share their mentality.

Frankly, my dear, I no longer give a damn. My short term goals are to keep putting food on the table and gas in the tank so I can get to and from work. My long term goals are to watch the system collapse under its own sheer hubris and criminal arrogance.

The more Congress examines the Bush administration’s bailout plan, the hazier its outcome gets. At a Senate Banking Committee hearing Tuesday, lawmakers on both sides of the aisle complained of being rushed to pass legislation or else risk financial meltdown.

“The secretary and the administration need to know that what they have sent to us is not acceptable,” says Committee Chairman Chris Dodd, D-Conn. The committee’s top Republican, Alabama Sen. Richard Shelby, says he’s concerned about its cost and whether it will even work.

In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.

“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.”

Wow. If it wants to see a bailout bill passed soon, the administration’s going to have to come up with some hard answers to hard questions. Public support for it already seems to be waning. According to a Rasmussen Reports poll released Tuesday, 44% of those surveyed oppose the administration’s plan, up from 37% Monday.

If only this was a joke. Sadly, it isn’t. The money is just made up at the whim of Congress. It’s just binary data that holds value based on the faith of Americans. Americans are losing faith in the system, and the system is responding by losing value. The end result of this process should be obvious - a breakdown. Possibly a minor breakdown. Possibly a catastrophic train wreck. That remains to be seen.

All I am certain of is that more legislation is not the answer. More rules won’t help. More oversight is not a long term solution to the problem of the creation of 700 billion faith based electrons.

Spread this meme:
  • del.icio.us
  • Slashdot
  • StumbleUpon
  • Technorati
  • Fark
  • SphereIt
  • Mixx
  • E-mail this story to a friend!
  • Google
  • Digg
  • Reddit

How to do management bass ackwards

Government created the financial market climate responsible for the risky loans that should never have been given. Yet government has now appointed itself the savior that will rescue us from bad decisions made by government. How this guy can be so far off base is amazing.

Self-reliance. Individual responsibility. A faith in free markets and a belief that people should have the opportunity to fail or succeed on the basis of their hard work and ingenuity. These are qualities that have been as central to the national identity as they have been to the American economic model.

Which is why it is so extraordinary that the government now finds itself hip-deep in the direct management of the financial system, rescuing four of the country’s biggest financial institutions — Bear Stearns, Fannie Mae, Freddie Mac and now Lehman Brothers — from the harsh discipline of markets and the consequences of their own misjudgments.

This unprecedented intrusion of government is coming in the waning days of the administration of a Republican president who made privatization, deregulation and a faith in free markets the centerpiece of his economic policies and of his political agenda.

In case you don’t know it Fannie Mae and Freddie Mac were created by the federal government.

In recent months, the nation’s two largest mortgage finance lenders have come under increasing scrutiny at the hands of Congress, the Justice Department and the Securities and Exchange Commission (SEC). The Federal National Mortgage Association, nicknamed Fannie Mae, and the Federal Home Mortgage Corporation, nicknamed Freddie Mac, have operated since 1968 as government sponsored enterprises (GSEs). This means that, although the two companies are privately owned and operated by shareholders, they are protected financially by the support of the Federal Government. These government protections include access to a line of credit through the U.S. Treasury, exemption from state and local income taxes and exemption from SEC oversight. A recent accounting scandal at Freddie Mac that resulted in the replacement of three of the company’s top executives has led to mounting concerns over the privileged status these GSEs enjoy in the marketplace.

Let’s say your daughter got raped. Would you hire the rapist to provide your daughter therapy? That’s as silly as bringing in the federal government to fix the problems it created by allowing Freddie Mac and Fannie Mae to make irresponsible loans under the protection of law.

Fannie Mae was created in 1938 as part of Franklin Delano Roosevelt’s New Deal. The collapse of the national housing market in the wake of the Great Depression discouraged private lenders from investing in home loans. Fannie Mae was established in order to provide local banks with federal money to finance home mortgages in an attempt to raise levels of home ownership and the availability of affordable housing.

Initially, Fannie Mae operated like a national savings and loan, allowing local banks to charge low interest rates on mortgages for the benefit of the home buyer. This lead to the development of what is now known as the secondary mortgage market. Within the secondary mortgage market, companies such as Fannie Mae are able to borrow money from foreign investors at low interest rates because of the financial support that they receive from the U.S. Government. It is this ability to borrow at low rates that allows Fannie Mae to provide fixed interest rate mortgages with low down payments to home buyers. Fannie Mae makes a profit from the difference between the interest rates homeowners pay and foreign lenders charge.

Let me be bold. If this cycle of hiring the problem creator to manage the problem continues, foreign armies will one day arrive here to collect the debts we are unable to repay.

Meanwhile a retard named Steven Pearlstein prattles on about free markets with nary a glimmer of understanding.

If these actions had been taken in Moscow, Paris, Beijing or even Brasilia, they would have seemed merely confirmation of long-standing socialist instincts and traditions. But in Washington, they are revolutionary. As with the Great Depression, it has taken a full-blown financial crisis to shake the faith that free markets will always deliver better outcomes than politicians and bureaucrats.

What free market you moron? Franklin Delano Roosevelt set the stage for the socialist controlled market in 1938! The current conditions are the direct result of government interference in free markets. Your advocating more government interference is akin fighting a fire by pouring fuel on it. What the hell is wrong with you people?

Spread this meme:
  • del.icio.us
  • Slashdot
  • StumbleUpon
  • Technorati
  • Fark
  • SphereIt
  • Mixx
  • E-mail this story to a friend!
  • Google
  • Digg
  • Reddit

The world prefers Obama

As a legally naturalized citizen of these United States, and a trained disciple of the cult of big government, my first thought upon reading an article stating that the world would prefer a President Obama was why the hell should I care what choice the rest of the world would make if they got to cast a ballot.

The answer is simple. The U.S. government makes a habit of forcing itself and its policies on the world. Democrats have done it. Republicans certainly do it. The world is quite aware of it. Whether you were born in Kosovo, Mogadishu or Baghdad, you might feel you have a stake in who becomes the next U.S. president. After all, the decision may determine whether or not your family gets bombed in the middle of the night. Americans don’t have to worry about that (yet).

The longer I study U.S. history the more clear it becomes that the United States government has acted as an agression machine far longer than I have been alive. As a part of that factory of forced policy (a national guardsman) I would much prefer that the federal behemoth shrink to the point where I don’t have to worry about which war I’ll be fighting next. Make no mistake, some wars are probably unavoidable. I am not a fan of rushing headlong into as many as possible. That’s something only a complete idiot would embrace.

Yet there seems to be no shortage of complete idiots. We also seem to have an overabdundance of men and women willing to use force to make others comply with ideas that start off well intentioned and almost always turn into unmitigated and poorly managed disasters.

If the world prefers Obama, who am I to tell them they have no say? It seems to me that they do.

Spread this meme:
  • del.icio.us
  • Slashdot
  • StumbleUpon
  • Technorati
  • Fark
  • SphereIt
  • Mixx
  • E-mail this story to a friend!
  • Google
  • Digg
  • Reddit

Barack Obama: end these federal wars

It’s true that Barack Obama loves guns. But only for the privileged politician and bureaucrat classes. You see, without guns, the bureaucrats would get a lot less cooperation fighting all the wars they are engaged in. Gun control is not about protecting us from each other. Gun control is about protecting bureaucrats from their subjects.

You don’t have to go back that far to find Obama taking an extreme stance against gun rights. In 2004, while running for the U.S. Senate, he promised to bar citizens nationwide from receiving concealed-carry permits. The Chicago Tribune reported then that Obama “backed federal legislation that would ban citizens from carrying weapons, except for law enforcement.” Obama explained his plan to pre-empt state concealed-carry laws with a federal bill: “National legislation,” Obama said at the time, “will prevent other states’ flawed concealed-weapons laws from threatening the safety of Illinois residents.”

For a man who doesn’t know me to arrogantly make assumptions about my level of competence and tell me I am not allowed to defend myself is morally wrong. Government has lots of guns. Why can’t I have guns?

The assumption is that government is more responsible with guns than regular people. Prove it. How many individuals have declared war on a country and killed millions of its citizens? Take away every gun regulation. The equation would remain exactly the same. People would still go crazy from time to time without thousands of gun regulations. Some of them would still get access to guns. If all the guns were gone, they would use a car, or poison your food and water, or devise some other method. The mentality a society teaches its citizens is much more important than the rules it writes down in books.

Maybe you could care less about guns. Maybe your pet issue is social injustice. Fine. Let’s talk about that.

The basic problem with government is that it doesn’t actually solve problems. It manages them.

Name one of the social injustices that government has declared war and won. War on Poverty? Nope. We’re nowhere near winning that one. War on Drugs? Nope. Drug use is up. Doesn’t matter if you look at illegal substances or prescription abuse. Not winning. That particular boondoggle isn’t going away anytime soon. War on Terror? The term itself is asinine. The program isn’t designed to stop terror. It’s designed to make us all very afraid. Of real and imagined boogeymen, some of whom wear government issued uniforms and lord it over you at the airport, border crossings and increasingly, on your city streets. We’re not winning the War on Terror and we never will because you cannot wage war on something as broad as “terror” - the whole idea is idiotic.

Finally, the most important war the government is fighting. I see the bureaucrats making a great deal of progress in that particular campaign. The War on Intelligence is moving right along. No, they aren’t winning per se. But the federal government has certainly managed to dumb us down since it took over educating us in 1979. No Child Left Behind has to be one of the most intelligence damning pieces of legislation ever written. The Idiocracy is coming. We’re 23rd in math and 16th in science. Under the management of FedGov, those numbers are sure to get bigger.

Let’s get back to our next President Mr. Obama and his worldview for a moment.

He has promised to pick guardians of the Constitution who do not respect gun rights and believe that a comprehensive ban on gun ownership is consistent with the second amendment.

Senator Obama has a history of projecting a misleading moderation in his politics — and he does it very smoothly. According to his biographer, David Mendell, one of Senator Barack Obama’s greatest political virtues is “his ingenious lack of specificity. . . . While talking or writing about a deeply controversial subject, he considers all points of view before cautiously giving his own often risk-averse assessment, an opinion that often appears so universal that people of various viewpoints would consider it their own.”

It is my belief that Barack Obama has no interest in solving my problems. That’s good because I don’t want him to solve my problems either. The tricky part is that I don’t even want him to manage my problems. They are my problems, and I’ll deal with them.

Mr. Obama when you become President all I want you to do is leave me alone to live my life. I have the audacity to hope you’ll end the four unwinnable wars your predecessors have been managing so poorly in direct violation of the Constitution they swore to uphold. Let the states handle social issues. Let me handle my business. You worry about protecting our borders and getting us out of all those ill advised foreign police duties we’ve assigned ourselves over the last 60 years or so. I’ll worry about running my own life, saving for retirement, choosing which medicine and medical treatment is best for me, picking what kind of gun I want to keep for personal defense, educating my kids and living as long and as healthy as I can. I don’t need help managing any of that stuff, please and thanks. The more rules you try to make me follow in my day to day routine the less likely it is I’ll cooperate with you. Hint: the same rule of thumb applies to people in other countries. Most people who didn’t ask to be managed don’t appreciate it when you decide they need managing.

I appreciate your taking a moment to consider this American’s viewpoint.

Spread this meme:
  • del.icio.us
  • Slashdot
  • StumbleUpon
  • Technorati
  • Fark
  • SphereIt
  • Mixx
  • E-mail this story to a friend!
  • Google
  • Digg
  • Reddit

Tennessee town’s troubled tramp tracker tells of tribulations

[caption id="" align="alignright" width="270" caption="What is the point of the black bar over her eyes?"][/caption]

Protect the children is getting to be a tired old mantra. People tend to get out of hand though. Voyeurs and exhibitionists are everywhere. As long as they aren’t forcing anyone to watch them, I have no problem with what they do.

Unfortunately, we live in a sensationalist society full of hypocrites and people who enjoy watching others get punished for things they’ve done that didn’t hurt anyone else.

BARTLETT, TN (WMC-TV) - Bartlett Grove Park sits in the middle of a subdivision.  It’s a favorite spot for children, and was recently the site of an adult website porno shoot.

The video clip we discovered begins innocently enough.

“I thought I’d come out for the day,” says the “model.”

She then exposes herself on the playground slide.

“She’s definitely a tramp — just nasty,” parent Barbara Taylor said in reaction to the video.

The part that upsets me is not that someone decided to get naked on a slide. As far as I can tell there were no children around at the time. Other then upsetting parent Barbara Taylor, Bartlett’s official tramp detector, I fail to understand what this woman did that hurt anyone.

Here’s the part that upsets me:

Bartlett Police Capt. Tina Schaber said the girl in the video is clearly breaking a law.

“Public indecency right off the bat,” she said.

Police got on the case after Action News 5 clued them in.

“I don’t think this would be appropriate for an adult to see in a park — much less a child,” Schaber said.

According to Schaber, the model and those video-taping her could be charged with a number of other crimes.

“These days, who knows?” she said.  “She could be over 18 — she could be under 18.”

What crime? Anytime someone brings up crime the first thing I want to know is who got hurt. In this case the answer is no one. Don’t we have enough societal problems without making a mountain out of a molehill?

The unfortunate thing about our legal system is that anyone who disagrees with anything you do can probably find a person in a uniform with a gun who is willing to punish you for something. I’d much prefer we lived in a system where you actually had to commit a crime before authorities would come running with tasers and citation pads at the ready.

Who got hurt? No one? Then mind your own business.

Spread this meme:
  • del.icio.us
  • Slashdot
  • StumbleUpon
  • Technorati
  • Fark
  • SphereIt
  • Mixx
  • E-mail this story to a friend!
  • Google
  • Digg
  • Reddit