This is what Andrew Breitbart warned us about and fought so courageously against. The lies of the left to advance their agenda. Do we roll over, or do we take up the torch and continue the fight? Click to read more
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In article in the New York Times titled, “Squandering Medicare’s Money,” the article itemizes a number of procedures that are routinely perfomed under Medicare, but have little or no medical value. So why are they done? One reason is alluded to in the article while another is not.
The Democrats have a new leader of the Democratic Congressional Campaign Committee and the New York Times is swooning that Debbie Wasserman Schultz, the new chairwoman of said committee is speaking out.
At a rally Monday for Mayors Against Illegal Guns…[s]he called as well for improving the information available to law enforcement about people with histories of mental illness.
Have you ever heard of an arcane legislative procedure called a discharge petition? Well, pull up a chair and I promise to keep this brief.
There is a bill in the House of Representatives H.R. 4972 – “To repeal the Patient Protection and Affordable Care Act”, which, if passed would repeal ObamaCare. Naturally, Nancy Pelosi is determined to never let this see the light of day and has it buried in committee. Here’s where the discharge petition comes into play.
If a majority of the House of Representatives signs the discharge petition (Discharge Petition 11), then H.R. 4972 has to come to the House floor for an up or down vote, over Nancy Pelosi’s dead body, objection. Isn’t this fun? Now, here’s where it gets interesting. It seems that every Democrat it running and hiding from ObamaCare, because they know most Americans oppose it. They can claim that it was too big to read, they were drunk, their families were being held hostage if they didn’t sign it, so they reluctantly went along. Eureka! Now they can have a second chance to vote against it before Election Day! And if they don’t, we’ll be watching.
So contact your Representative, especially those Blue Dogs out there and get them to sign Discharge Petition 11 and watch the fireworks begin. Who said politics wasn’t fun? Have a nice day.
Republicans have to learn to stop fighting by the Marquis of Queensbury rules, while Democrats, bite, kick, pull hair, scratch and hit below the belt. Yes, Christ told us to turn the other cheek, but he also overturned tables, formed a whip out of cords and drove the money changers from the temple. In other words, sometimes you have the hit the bully hard between the eyes before he learns to stop being a bully.
So if the Republicans regain control of Congress in November, they should open the new Congress in January with detailed hearings on what happened to Fannie Mae and Freddie Mac and don’t pull any punches. By that I mean if they need to put Andrew Cuomo in the witness chair, even if he is the governor of New York, which he probably will be, then they should do so. It’s time to stop playing patty-cake.
For all the hoopla of the Dodd-Frank Act, Fannie Mae and Freddie Mac were left out of the new regulations. Oh, we’ll get to those later. Okay, let’s get to them with the Republicans in charge. Let’s expose how it was our government that got us into the housing mess and let’s do this before the Democrats re-write history and paper over their culpability in the greatest financial crisis since the Great Depression. It’s time to put the big lie to “it’s all Bush’s fault and Republican policies.”
The papering over has already started by none other than Franklin Raines the former head of Fannie Mae who received bonuses of over $90 million while at the helm of Fannie Mae and was also charged with cooking the books that helped him receive those bonuses. He reached a settlement with the SEC and gave back about $1.8 million from the profits in the sale of Fannie Mae stock and gave up $5.3 million in future benefits related to his pension. But he essentially kept the rest, what the Wall Street Journal called a “paltry settlement.”
Mr. Raines claims the demise of Fannie Mae and Freddie Mac, to which taxpayers have already coughed up $145 billion, was due to bad credit decisions made after he left the firm. To put it in his own words:
“The Journal had been warning for years that the on-balance sheet portfolios of Fannie and Freddie would lead to their demise. Mr. Carney suggests that excessive leverage was the culprit. Unfortunately, neither of these were involved. Nope. Just bad credit judgments. Decisions made, by the way, while operating under close regulatory scrutiny.”
According to the Wall Street Journal “What he doesn’t say is that Fan and Fred had a political and legal mandate to support low-income housing.” To meet this mandate which had increasing goals each year, Fannie and Freddie had to cast a wider net to find these borrowers and the wider they cast the net the lower their standards had to be. Thus more creative types of mortgages were created to lower the bar such as, interest only loans. This scheme would continue to work as long as housing prices kept rising but that could not go on forever. When the music stopped a lot of people were left standing without chairs and we all lost. People’s credit ratings were destroyed, mortgage securities were worth far less than face value, people walked away from houses, and taxpayers were forced to pick up another “too big to fail” enterprise. By the way, where in the Constitution does it authorize the federal government to get involved in helping people buy houses?
The secret veil put in place by the main stream media has been lifted. With the Internet and the bloggers and cable television and talk radio, the main stream media can no longer keep information that does not comport with their agenda hidden from the American people. The American people are energized and informed but that may not last long after the election, if we don’t continue to engage them. Uncovering the true “swamp” that is our federal government and draining it should begin by letting the sun shine in. So let’s do away with the good ol’ boy politics of not rocking the boat when you gain control so that they won’t rock the boat when they get it back. If we don’t have a new class of non-incumbents who are willing to go to Washington and clean it up, really clean it up, we need to get rid of them and put new people in their place. If that means replacing Republicans with better Republicans or Democrat incumbents with better Democrats, so be it. We have to end the process of only being able to choose between two pathetic life time politicians who have never lived in the real world.







