CNN Crashes the Tea Party

Politics | Posted by C.C.Mitchell
Apr 17 2009

Wednesday April 15th, Tea partiers across the nation gathered to speak out in one resounding voice, that taxes are too high, and so is the spending. The Tax day Tea Party may well become an annual event and I expect it to grow in popularity each year until the issues in protest are addressed.

Much in response to President Obamas’ “uber spending” and budgetary insanity. People gathered in over 250 locations across America in all 50 states to protest the mishandling of tax payer dollars. Specifically the Bush bank bailouts (its not all about Obama), The nearly $800 billion Stimulus Package laden with pork, and the $3.6 trillion budget for 2010. I have seen signs as well condemning the siezure of private companies, and a brilliant one that said, “America isn’t broken FIX Congress!”

Despite the huge turn outs that saw many political pundits and radio personalities such as Laura Ingraham, Sean Hannity, and Glen Beck. Even Ted Nugent showed up, guitar in hand. All to cover the story, or in Teds case to entertain some REAL Americans. Of course the Liberal Powers-that-be, most notably CNN (Communist Network News), sent out their smear machine on the public. CNN sent out so called reporter Susan Roesgen to offend them all.

Check out the Youtube below.

What does this have to do with Taxes?!?

Is she nuts, or just stupid?

This man is obviously smart enough to know that his “$400 tax credit” will be eclipsed ten fold by the taxes he will submit for the rest of his life to pay for the stupidity of Congress.

Anti-government– NO!

Anti-Fascist Congress –YES!

I seen no signs that said down with CNN so I’m not sure how it was Anti-CNN

This kind of journalistic vomit is the worst that the media has to offer. She not only rudely interrupted some one who was trying to answer a question she asked, but than accused Rightwing organizations and FOXNews of arranging all of the tea parties.

OK put on the breaks! Just a moment here.  If the Rightwing party organizations, Those EVIL republicans and Foxnews were behind it all they would have had the proper permits needed to assemble which in some areas of the country they didn’t.

Get a clue Susan you have to let people answer the questions you ask if you want to be considered a journalist. If your disappointed that the Tax Protesters were not the hey seed hicks you expected from those who think to the right than don’t ask them questions.

If you listen closely you can hear people telling her to “shut up.”

I don’t ever recall this kind of treatment for Cindy Sheehan when she protested the Iraq War. Where the hell was CNN and Susan Roesgen then?

Where was she when those sick bastards were protesting outside the funerals of soldiers killed in Iraq?

Why is it that when Liberals protest its freedom of speech and when conservatives do it its just Hate speech?

Its a Cracked World!

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Rightwing Protestors Called Terrorists

Politics | Posted by C.C.Mitchell
Apr 14 2009

The latest attempt to restore sanity in America comes in the form of the Tax Day Tea Party. On April 15th, 2009 America speaks out against the insane spending program put in place by the President and his partners in crime, err I mean congress. The tea parties are protests akin to those from the ’60s hopefully with out the pot smoking and piece signs. Such protests will be held in all 50 states and over 250 total locations nation wide.

Though I doubt that tea party protesters will have an impact on the current tax and spend madness that is the Obama administration, if the parties draw the attendance they have been hyped too it will be a loud message to Washington.

We’re not going to take it!

We’re not going to take it! A message intended for the Presidents ears. After the almost $900 billion

Tea Partys Scheduled on April 15th 2009

Tea Partys Scheduled on April 15th 2009

spending bill expected, by virtually every conservative pundit including myself, to leave us stranded in a sea of taxes. And now his new $3.6 trillion budget for the year 2010 alone. We have had enough and we’re not going to take it anymore.

If enough people turn out for the tea parties the Washington spending machine will have to take notice because these people are voters.

For now the Obama administration is playing at some new tactics. Reports from Obamas DHS (Department of Homeland Security) has issued a report warning of violence from Rightwing radicals and Rightwing extremists.

Here’s a brief excerpt from the DHS report.

Rightwing extremists are harnessing this historical election as a recruitment tool. Many rightwing extremists are antagonistic toward the new presidential administration and its perceived stance on a range of issues, including immigration and citizenship, the expansion of social programs to minorities, and restrictions on firearms ownership and use. Rightwing extremists are increasingly galvanized by these concerns and leverage them as drivers for recruitment. From the 2008 election timeframe to the present, rightwing extremists have capitalized on related racial and political prejudices in expanded propaganda campaigns, thereby reaching out to a wider audience of potential sympathizers.”

Does any one else find it odd that this report comes out just days before the scheduled and widely publicized protests. I don’t remember anything about the range of issues sited in the above excerpt. This is about taxation at the most radical levels in the history of the country.

Here’s a comment from Rush Limbaugh on us Rightwing extremists:

What you have here is Barack Obama, forget Napolitano, it’s his administration, he provides the vision, he puts people in these positions that he wants to do his bidding. This is Barack Obama, and this is an effort to stifle what anybody would consider to be normal political dissent. He is characterizing those of you who oppose an expanding government, huge socialistic tendencies, legalization of illegals for the purpose of making them Democrats, we are now right-wing extremists and we are arming up, and this report is to warn other law enforcement agencies of the dangers posed by right-wing extremists.

According to Newsbusters.com these people are “Domestic Rightwing Terrorists

Days after liberal media representatives blamed conservative talkers for cop killings in Pittsburgh, Pennsylvania, and a week before Tea Party protests will sweep the nation, the Department of Homeland Security issued a report warning that the recession as well as the current political environment could lead to acts of violence from “domestic rightwing terrorists.”

Why is it that every time the liberals of this country don’t like something the conservatives do they call them terrorists?

They have called George W. Bush a terrorist on a number of occasions.

They always play game with the emotions of the American people because they know that nothing is scarier than the one adversary they refuse to confront: Terrorism, they won’t even use the term anymore Now they’re an overseas contingency.

Stop calling people like me a terrorist Mr. Obama. We don’t call you a terrorist. A reckless idiot maybe. A mathematically incompetent boob maybe.

If rightwing tea parties are the work of terrorists its only because it strikes fear in the hearts of liberals everywhere. It uses the one weapon that is like Kryptonite to them.

The TRUTH!

These protests strike fear in them because they are designed to make the American people aware of the radical tax and spend plan the nation has ever seen.

The rightwing radical extremist terrorists are armed with a powerful weapon: The TRUTH!

So now that the tables have been turned on the Democrats, the same ones who protested outside the RNC convention hall in Minnesota in 2004, they will try to discredit the Tea partiers and their freedom of speech.  It’s a Cracked World isn’t it?

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TARP Funding Forced on Banks that Didn’t Want It

Politics | Posted by C.C.Mitchell
Apr 08 2009

After all the outrage over the Troubled Assets Relief Program (TARP), it appears that more government

Bail Out Bucks - Who's Next?

Bail Out Bucks - Who's Next?

misgivings are at the crux of it. After-all the outrage over a $35 billion bail out to two of the big three auto makers, government power grabs were at the crux of it. The recent government spending spree has been nothing more than a well orchestrated power grab.

Case in point, CEO for General Motors Rick Wagoner was pushed out in return for government aid. Now renamed by political pundits across the nation as GM (Government Motors), the Obama administration claims they do not want to control GM but are making decisions regarding executive personnel.

Now, thanks to Stuart Varney of The Wall Street Journal we find that these sorts of power grabs have been taking place for several months now. The TARP funding of last fall has been turned into an attempt to control the banking industry:

  • How much their top brass makes
  • What industries to lend to
  • What regions to lend to
  • What favorite lobbyist to lend to

His opinion expressed in the Wall Street Journal earlier this week Varney wrote:

If the banks are forced to keep TARP cash — which was often forced on them in the first place — the Obama team can work its will on the financial system to unprecedented degree. That’s what’s happening right now.

Fox News colleague Andrew Napolitano (with the names and some details obscured to prevent retaliation). Under the Bush team a prominent and profitable bank, under threat of a damaging public audit, was forced to accept less than $1 billion of TARP money. The government insisted on buying a new class of preferred stock which gave it a tiny, minority position. The money flowed to the bank. Arguably, back then, the Bush administration was acting for purely economic reasons. It wanted to recapitalize the banks to halt a financial panic.

Fast forward to today, and that same bank is begging to give the money back. The chairman offers to write a check, now, with interest. He’s been sitting on the cash for months and has felt the dead hand of government threatening to run his business and dictate pay scales. He sees the writing on the wall and he wants out. But the Obama team says no, since unlike the smaller banks that gave their TARP money back, this bank is far more prominent. The bank has also been threatened with “adverse” consequences if its chairman persists. That’s politics talking, not economics.

Would some one please explain to me how this is constitutional?

How is that they are allowed to perpetrate   such financial atrocities?

Next they’ll be bailing out Warren Buffet and telling him how much money he is allowed to keep.

It came out that as many as 95% of banks in America had no toxic asset problems and didn’t need to be “Recapitalized,” as according to Heidi N. Moore of The Wall Street Journal. We now find out that the remaining 5% are the problem, not the entire industry. This 5% is constituted of the largest of banks in the country such as Bank of America, and Goldman Sachs.

The argument can be made that TARP was forced onto un-needy banks for reasons not nefarious,  I found several of these possible reasons at Scholars and Rogues:

  1. Stronger Banks may buy up weaker Banks
  2. Stronger banks may lend more
  3. Mistrust of stronger bank’s accounting practices
  4. Spreading around the risk like a Mutual Fund

This is all well and good but their is still the demon of socialist prospects. This indoctrination into “Liberal Fundamentalism” is just what the current administration wants. Government control of the Banking industry. Expect the Health care system to be next. Look for something similar to this for the Energy sector as well. They already have their hooks into the auto industry. And lets not leave out the Life Insurance TARP.

Long explanation short; Government shouldn’t give money to private sector entities because government shouldn’t be running private sector entities. Because that IS socialism.

I can see it now, once Obama is running the rest of America he’ll join us up with the European Union so we can slowly start to buy up those countries too.

Its a Cracked World, probably because the Federal Government is controlling more and more of it everyday.

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Investments Explained - Part 8

Personal Finance | Posted by C.C.Mitchell
Apr 05 2009

In the recent down turn of the economy, many of my co-workers and I have had ongoing discussions on

Mutual Funds and athe Market

Mutual Funds and the Market

investment strategies, and if it is still a good idea to invest our hard earned dollars in an ever declining market. This has prompted me to touch on this topic once again as many of my colleagues display at least some level of confusion and doubt.

Perhaps it would be prudent to explain in more depth some of the investment ideas from my last post on investing. For instance we discussed the 401(k), the IRA and the Roth IRA and the investment options for them like Small Mid and Large Cap funds. Then their are International Funds and Bonds.

First of all, all of these retirement accounts, 401(k)s and IRAs and Roth IRAs, all have one thing in common. They all invest your contributions into various Mutual Funds.

So what is a Mutual Fund?

A Mutual Fund is a collection of stocks purchased by a company that is in the business of trading stocks. It’s simple really, you see McDonald’s sells Hamburgers, Pepsi Cola sells soft drinks, and Ford Motor Company sells cars.

A Mutual Fund is a company that buys stocks in numerous different companies like those listed above  for a profit. By owning stock in these companies the owner makes money when the company makes money. So if McDonald’s turns a profit and you own stock (a share of the company) you make a profit equal to your share of the company. Many companies pay a dividend to the shareholders on a quarterly basis based on the companies success. Mutual Funds are companies that employ a whole staff of people to decide which stocks to buy and sell and make money for the fund. It is called a Mutual Fund because many different people invest money in these companies collectively. The company is therefore Funded Mutually by a mass of contributors. Gee that was tough wasn’t it.

Is it safe Now?

I have gotten an Email or two from readers wondering why I would advise people to invest in such horrible market, one of which was laden with curse words.

While I am not a professional, they will tell you the same thing. A professional will tell you that Stocks are on sale right now. When you buy a share of stock at a price 70% lower than its price last year you will make a 70% profit once that stock returns to its normal price range.

No, there are no guarantees but the market has always recovered from these recessions. These “dips” in the market are essential to overall capital growth.

This is my philosophy and my plan.

Its a Cracked World.

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