Definitely Kill the Bailout: Bad News For The Bailout – Forbes.com

Lesson 1 in how to get something done in Washington D.C. Scare people:

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."

Bad News For The Bailout – Forbes.com.

Kim Andrew Elliott discussing International Broadcasting and Public Diplomacy

A previous post of my drew some attention: Kim Andrew Elliott discussing International Broadcasting and Public Diplomacy.

Blogger complains that one of his posts brought a response publicizing VOA election coverage. He says that it was not only spam, but spam "offshored" to India. Steve Miller's Blog, 25 September 2008.

Let’s be clear, a comment was attached to a blog post that I had linked to a story about how Gov. Sarah Palin’s personal email account on Yahoo.com was hacked. Other than the Governor being involved, the post had nothing to do with politics. This comment contained nothing about the article I linked to and promoted something I did not link to (VOA). That makes the comment very clearly spam. I also took the extra effort and traced back the IP Address of the machine making the comment, which lead to an Internet Service Provider in India. I have yet to see disputes of my major points. 1. I was spammed by Voice of America, 2. The spamming was performed from India, and 3. My own tax dollars were used to spam me.

The Bailout: Slouching towards Socialism

It appears that even the US Congress will pass legislation that will all the US Government to take our tax dollars and give them to large corporations to prevent the large corporations from paying the price for making poor business decisions. Now that I see all of the politicians falling in line, I am really afraid. When they all agree on something, it can mean no good for us. This means that everyone is running for cover and afraid to take a stand. This is a power and money grab that is beyond comprehension and I have yet to see the enumerated power that allows the federal government to do this. I received an email from the National Taxpayers Union that has grave concerns about this bailout:

This unconscionable scheme forces the vast majority of taxpayers who were honest and prudent to bail out firms on Wall Street that made bad business decisions. Furthermore, it does nothing to address the root causes of today’s market difficulties. The long-term effects of this fiasco, including inflation, a weaker dollar, and an even more precarious federal balance sheet, are almost certain to outweigh the shallow short-term stabilization of moneyed interests who have been twisting arms on both ends of Pennsylvania Avenue.

I think you will find a lot of politicians on both sides of the aisle that are receiving large campaign contributions from many of the companies involved in this. The Democrats are trying to say this is the result of deregulation, but the truth is that this is the result of over-regulation.

Congress helped to create this debacle with the Community Reinvestment Act, poor tax policies, hastily designed mark-to-market regulations, and spectacular negligence with regard to the systemic risks posed by Fannie Mae and Freddie Mac. Rather than addressing those core problems, this disgraceful plan instead snatches $700 billion from the pockets of hard-working Americans, the vast majority of whom had no part in this horrific play.

There are even people involved in this who say the taxpayer’s will “make money” on this deal. Ha! The government might turn a profit on the deal, but anyone who thinks that the taxpayer’s will see any of that profit has no recollection of history.

I intend to call my members of congress today to let them know that I think this is a bad idea, fully expecting to be politely told I am an idiot.

UPDATE:
Further evidence this legislation should not pass.

The legislation also requires that the government take ownership stakes in companies that receive federal infusions, so it could share a piece of potential future profits.

The government should have no stake in private sector businesses.

Voice of America offshores spamming duties to India

I can’t believe I was spammed with my own tax dollars. I recently found this comment on another blog I run that just holds links of pages I post to my del.icio.us account. It is totally a passive blog for me and really is sees little if no traffic.

In this election year of unprecedented international interest, VOA has introduced this new online meeting place for visitors to both learn more about the candidates and electoral process, and to share their own experiences, comments, and questions. Browse the site, join our global community, meet others with similar interests and varying views, and become a part of this fascinating and historic election. VOANews.com provides a comprehensive mix of text, audio, and video content in 45 languages, an accomplishment not equaled by any other international news organization.

This was sent to me by :

Author : saravananseo (IP: 123.236.214.211 , 123.236.214.211)
E-mail : bookmarksubmission@gmail.com

This was posted as a comment to a link I posted about how Sarah Palin’s Yahoo email account was hacked.

Some interesting things to note: The IP Address is owned by the following:

123.236.0.0 - 123.239.255.255
Reliance Communications Ltd
Dhirubai Ambani Knowledge City
Thane Belapur Road, KoparKhairane
Navi Mumbai - 400710
India

So not only am I getting spammed by “The Voice of America, which first went on the air in 1942, is a multimedia international broadcasting service funded by the U.S. Government through the Broadcasting Board of Governors. VOA broadcasts more than 1,250 hours of news, information, educational, and cultural programming every week to an estimated worldwide audience of 134 million people.” They have offshored their spam work to India. At least if my tax dollars were being spent to spam me, they could pay Americans to do it.

FOXNews.com – Report: Obama Turns Down Support From Lindsay Lohan – Celebrity Gossip | Entertainment News | Arts And Entertainment

Wow! The first smart thing the Obama campaign has done in quite a while. FOXNews.com – Report: Obama Turns Down Support From Lindsay Lohan – Celebrity Gossip | Entertainment News | Arts And Entertainment

The funny quote from the story:

"Women have come a long way in the fight to have the choice over what we do with our bodies … and it's frightening to see that a woman in 2008 would negate all of that," she wrote.

What she gets wrong is that the Pro-live movement believes that women do have the right to choose what they do with their bodies. It is just that the decision point is prior to conceiving an new life.

Usmagazine.com | News – Lindsay Lohan: “I Really Cannot Bite My Tongue Anymore” About Sarah Palin

Oh My Goodness, I have to rethink my whole world now. Lindsay Lohan thinks “Barak Obama is the best choice, in this election, for president.” With the great minds of the world like Lindsay Lohan and Eva Longoria-Parker endorsing Senator Obama, I must be wrong.

Usmagazine.com | News – Lindsay Lohan: “I Really Cannot Bite My Tongue Anymore” About Sarah Palin.

Of Pigs And Lipstick

Why are we whining about a little name calling? Who cares if Senator Obama meant to call Governor Palin a pig or not? The Republican response should be to slam him on tax policy, energy policy, and Iraq policy. If you can’t take name calling you shouldn’t be in politics in the first place. There was great success in making fun of “Community Organizer” and “Bitter Clingers”. Lets keep that up. Politics is no place for the weak. That is what I like about Governor Palin. She can take a punch and give two right back.