The Illogical and Economically Damaging Policies of Fannie Mae and Freddie Mac

There are illogical and economically damaging policies of the government run Fannie Mae and Freddie Mac mortgage giants which will impact taxpayers for years to come. Washington in its quest to buy votes by placing everyone they possibly could in a home must now face the economically damaging policies set forth by these two agencies. Fannie and Freddie own well over $5 trillion dollars in mortgages in our credit markets. How much of that $5 trillion is good or bad is truly unknown to the taxpayers who are underwriting them. You see there is no accounting of the actual exposure to the mortgages for taxpayers. Is $4 trillion bad debt? $3 trillion? Pick a number and your guess is as good as mine. Taxpayers have no idea how much of their monies have been wasted by these two agencies of economic liberalism. My realistic guess is that half of their portfolio will be written off as either bad debt or drop in value over the next five years. In other words taxpayers will be out $2.5 trillion dollars of their monies.
I wonder why the Obama administration is afraid of accounting for our monies? Would it be damaging? These failed housing policies continue to go unchecked in Washington. Taxpayers need to demand to see where our monies are being spent once and for all.

America's Lost Years 2009-2012

4 years lost. I personally hate to waste time. 2009,2010,2011,2012 will be known as America's lost years. Lost economically, lost militarily, lost politically and lost for future generations. Lost in the sense of a lack of leadership, a lack of a vision and a lack of a plan. 4 years lost.
Runaway federal deficit spending. A lack of a strong military. A super majority Congress completely out of touch with either economic or political realities. 4 years lost.
A campaign to nothingness that never ends. Mediocre accomplishments that are meaningless and prove nothing. And a national debt which has the ability to completely bankrupt the economy. To be paid for by those yet unborn. 4 years lost.
Why must we waste these four years with this ineptness?
I really would like to know-we as voters and taxpayers of our country truly deserved better than this debacle that we have sitting in Washington.

Once Again Nationalized Health Care Shoved Down Our Throats

I really have to hand it to the Obama Administration. They really are in tune with the American public and taxpayers in general. What his latest move? Along with Senate Majority Leader Harry Reid, he would support holding a reconciliation vote on a public option. Even though the American public and taxpayers do not want it, let us ram socialized health care down our throats. Let us go against our democracy and the will of the American people and force them to accept the liberalism of this administration which is out of touch with the economic reality of 2010. By doing this I feel comfortable in the view that the Democrats should lose even more seats in 2010 in both the House and the Senate. I am sure Dick Blumenthal agrees with this move also-what hasn't he gone on record showing his support for it? After all isn't he our new Senator from Connecticut?
I as a taxpayer have had enough. And I am sure most taxpayers have had enough of this illogical plan. We do not want nationalized health care-done by a reconciliation vote and Congress will truly see the wrath of the American voting public-today, tommorrow and for the future.

UConn's Tuition Up, Up and Away!

Hey what's another 6.3% tuition increase. Tuition at UConn has only gone up 55% in ten years adjusted for inflation. And UConn will be hiring even more employees for the upcoming year. And where will it end? Doesn't state taxpayers contribute a great deal to the upkeep and budget of UConn each year? And what are they actually receiving for it? We know the school can not do without. That is not acceptable to taxpayer funded education. We know no expense can be cut back and or monies saved each fiscal year. No,we hear more of the same all of the time, raise tuition and fees and be happy about it. And how much will be the increase in 2010-11? Another 6.3%?
Thus higher education is continuing to be priced out of the range of the working middle class here in Connecticut. And graduates why do you wish to stay here after you graduate? I do not know.

Of Course Washington Wishes To Raise Taxes

Of course Congress wishes to raise taxes. You as educated citizens do not know what is good for you. It is much better for elite and corrupt members of Congress to dictate to you what you can and can't have. Shame on you for questioning this failed logic. Of course Mr. Obama stated during the campaign he was not going to raise taxes and of course now he wishes to raise them seeing that he has helped to bankrupt our government in 13 months. And naturally Congress with its negative approval ratings embraces more redistribution of wealth during a recession showing their economic illiteracy at every step. I could never imagine the economic debacle that is playing out today in Washington. I could never imagine the lack of leadership that we have in our economy today. I can also see why the Tea Party movement is growing in strength and is becoming a positive dynamic political force in the upcoming elections. We need change in Washington and we need it to start immediately. An elitist Congress coupled with an inexperienced President will help our recession continue for years. And no there is no way 95,000 new jobs will be created monthly, it is economic fantasy.
Economic reality will change the course of Congress in November.

Let Us Tax Connecticut Lobbyists

Here is thinking out of the box: let us tax Connecticut lobbyists. There are 3789 lobbyists representing 1327 clients that were registered in the state as of 2008. I do not have the figures for 2009. But wait here is a golden opportunity to help pay for the $1 billion dollar budget deficit in 2010 and the $58 billion +/- in unfunded liabilities that Connecticut has, TAX LOBBYISTS! Why wasn't this thought of before? The 3789 registered lobbyists from both sides of the political aisle can be taxed and taxed and taxed a little more. The heck with just registration fees let us tax them to death like we tax private citizens and businesses here in our state. What is good for us should be good for them.
I urge taxpayers in our state to bombard their elected Super Majority Democratic Representatives and Senators to force them to pass a new tax on these 3789 non productive and costly lobbyists who have help to create the ruinous economic landscape that we have today.
Let us tax Connecticut lobbyists today-we can not afford to wait another second.

A $1.6 Trillion Dollar Federal Budget Deficit Means Fiscal Restraint

Yes, a $1.6 trillion dollar budget deficit means fiscal restraint. It could have been $1.7 trillion dollars or any number picked out of the surrealistic Democratic sky. It apparently is a bi-partisan budget deficit that Mr. Obama is talking about, a budget deficit which actually saves dollars like the stimulus plan which saved jobs. What dollars that are saved is economically unclear to me (and what do I know about economics?) and how the United States is going to fund a $14 trillion dollar national debt is also economically unclear to me since trillions dollars of wealth have been lost in this recession. Also equally unclear to me is why the Obama Administration wishes to raise so many taxes on individuals and investors especially those making $50,000 to $499,999. a year? What does this prove-greater supposed redistribution of wealth? Isn't there irony in this situation, while Congress controls their personal wealth?
Higher taxes, higher debt and more fiscal irresponsibility by the Obama Administration. 2010 is here and voting has begun. The end of this fiscal irresponsibility is fast approaching. Please do not lie to me about economics, there is no fiscal restraint being shown by this Administration.

Why Federal Spending Will Not Be Cut

Federal spending will not be cut. Politically there can never be fiscal conservatism and a cutting of excessive taxes. Spending drives politics in Washington. Washington buys its influence and votes through excessive spending. The most fiscally irresponsible spending usually the higher stakes (although it has put Chris Dodd out to pasture and has caused Ted Kennedy to turn in his grave). Earmarks drives elections and re-elections, thus for such a fiscally irresponsible President to now call for superficial spending cuts and freezes on such a small part of the budget, it will do nothing for the massive national debt he is responsible for. Now add another $1.6 trillion dollars to that debt for the coming fiscal year. Why? And taxpayers must embrace this budget? A budget that is fiscally irresponsible and mismanaged. One year from now I will be writing about the coming $14 trillion dollar national debt. A debt that buys votes and that is all. A debt that is ruining our economy and children's future.
Yes, federal spending will not be cut. Words are cheap and economics not understood in this administration.

Democrats Spoil Mayor Dickinson's Party

The Democratic party at all levels of government loves to spend money. They love to force unnecessary costs on all of us. I really have to laugh at Wallingford Democratic Town Chairmen Vincent Avallone's complaint of a dinner in which Wallingford Mayor Bill Dickinson will be honored for the many years of positive service to the town. The Mayor will not receive any funds from the dinner nor are any funds being raised for any political purpose. Any money which is above and beyond the expenses of the dinner will be donated to several different Wallingford civic organizations.
Thus according to the Democrats it is against state election law since even though no money has been raised for any candidate, Mr. Avallone feels that this is a testimonial for the Mayor and can't be done. Thus he files the complaint. Now we have the paradox of this argument. Here is the Democratic party in Wallingford which can not even field a candidate for Mayor in the last election, doing whatever it can to find fault with the Republicans in town and their majorities in the Mayor's office, Town Council and Board of Education. We can also assume that the most critical issue in Wallingford today is if this simple dinner can be allowed to go on or not, or must it cost the Republicans a large fine to the state thanks to the legalese of Mr. Avallone. And the other big loser will be the Wallingford civic organizations who would have benefited from receiving money from the dinner. Thus the Democrats have helped to promote another lose-lose situation. They can not field a candidate to run against Dickinson, they condemn his dinner as being against state law and they are against civic organizations in our town receiving donations. If you are a registered Democrat in Wallingford, I would truly question why your leadership must resort to this foolishness. Maybe your party could be spending the time to actually field real candidates for local office. Oh I forgot, this is really the most crucial issue in Wallingford today. It is obvious why the Wallingford Democrats are in the minority in 2010 and will be for a long period of time in the future.

Why Are Economic Plans Difficult To Create?

Why are economic plans difficult to create? In my economic opinion, our political system. Our political system seems to be made up with individuals who either have inherited old money and never have worked a day in their lives, have been in public service and never worked a productive day in their lives or have been able to manipulate the political system to their advantage and also have never worked a productive day in their lives. Therefore, our political system negates productivity as deals must be constantly made to enact legislation all of which cost taxpayers (in theory those who produce) more and more of their real income. Taxpayers must be productive in order to earn income. They are allowed to keep only a small portion of their income in order to contribute to this political and economic debacle that we see in Washington and Hartford. What gives both Congress and our Democratic super majority in Hartford the right to overtax you? Are they held accountable through audits and reviews of programs? I see little if any of this. Thus there can not be an economic plan nor any forward economic thinking other than raise taxes on those who are the most productive in our economy in order to give to those who are the most politically connected in both Washington and Hartford. Thus we have a mess in our economy which is directly related to the poor and inept political system which governs it. Our 2010 election should begin the change back to a free economic system and gone will these non productive and disgraceful politicians who have debased our economy.

Let The Tidal Wave Begin

Let the tidal wave begin, may it spread to Connecticutax. Is Dick Blumenthal nervous? Of course he is. Is he a strong candidate? In his mind he is. The thought of Ned Lamont as Governor truly sickens me also. The tidal wave against socialism, liberalism and excessive taxation has begun only a few miles away from our poorly governed and overtaxed state. It is spreading to our state.
The Connecticutax Democrats have to be scared. The media will try to help them spin this debacle as best as they can to try to cover up the years of poor government that the Democrats have given us both on a federal and state level.
However, Dodd was dumped, Blumenthal will lose, Lamont will lose and Donovan will go to minority status. Connecticut voters are fed up and see 2010 as a time of change in this new decade. The lies of years past by the Democrats are being remembered by voters and taxpayers. They have had enough. The tidal wave has begun and the Democrats here in Connecticut can no longer paddle their deceptions any more.

Where Is The Economic Plan?

I am curious where is the economic plan from either Washington or Hartford? I do not see one nor is unemployment going down. How can we be coming out of the recession when we have a posted 10% unemployment rate and a real rate of 18%+ (those who are still unemployed and are no longer being counted)? What is the economic reasoning behind that? Where are all the supposed jobs that were created by the ill gotten stimulus package?
Here in Hartford, our state's finances are a debacle. We are fast approaching a $1 billion deficit with no relief in sight. We have a legislature which could care less about any of the economic issues facing Connecticut. Taxpayers hear the same song of higher taxes will solve all of our problems. And we also see the great migration continue out of the state for a better and lower taxed life elsewhere.
Washington and Hartford have no economic plan. They have the same stale rhetoric which taxpayers at all levels no longer buy into. The Tea Party movement will continue to grow and will eventually help replace our stale and economically illiterate elected officials. 2010 is here now, where is the economic plan? It is not in Washington or in Hartford.

Bad Health Is On The Horizon

Bad health is in store for most Americans with the socialized health care plan that the Democrats in Congress will be voting on before they lose their super majority. Taxpayers will now be burdened with a top secret, highly taxed, partisan, illogical and unhealthy health care plan. It is a plan that full of earmarks, it is secret, negotiations and debate closed off to Republicans and the public. It is a plan that shows how ineffective, illogical and non cooperative to those whom they supposedly represent Congress has become. And they will exempt themselves from this debacle of a bill. All in the name of a liberal, socialistic agenda that is creating ruin for our economy.
We have really poor government in 2010. We have an inexperienced President who disregards those who supposedly elected him in his false claim of change. All that has changed is that we have lost a great deal of our freedoms in the past year. We have a Congress who totally disregards logic and debate. It is socialism at its best. And the voting public has begun its great awakening. Bad health is on the horizon with a mangled health care bill which defies any type of well being. The horizon will change soon as November approaches.

The Again Coming Economic Storm

The economic storm is brewing again. It will be harsh. It will long. It continues to create havoc in our economy. I do not see much positive economic news on the horizon. We have a spend happy Congress which has become totally separated from the people they represent. What is the actual costs of the socialized health care plan they wish to ram down our throats? How much money has and will TARP lose for taxpayers? What is the economic point of cap and trade? What is the plan to pay down the national debt? How is this debt going to be financed in the future? At what cost? What is the plan to clear the toxic debt out of the financial markets? Why are economic financial whistle blowers silenced? What are the economic implications for the continuing wars in the Middle East? What are the unfunded liabilities of the federal government and how will they be financed? What are the plans to spur private job growth in the future since the unreported unemployment rate is around 18% and climbing each day? When are taxes going to be cut to stimulate the economy? And the questions continue ad infintum. 2010 is here and it will be time to vote these fools out of office at all levels of government.

Dodd Dumped, Now Dump Blumenthal

Dodd got dumped. What position was he promised in the last two years of the Obama Administration for giving up his seat? And why should Dick Blumenthal be our Senator? What has he really done to become a Senator? Let us now Dump Dick. His constant lawsuits which have cost our state millions of dollars have helped to develop a negative business atmosphere. If you were a business why would you want to locate in a highly taxed and litigious state for? And if one closely looks at his record especially the New England Pellet case, in which his office did not have the slightest clue as to what was the rule of law, his brand of media induced legalese will not play well with the voting public. I know that Connecticut's liberal media has already self appointed him the new Senator but I will predict that this election will become a blood bath over the year. Dick Blumenthal is an opportunist Attorney General who has done little to actually protect consumers in our state, improve our quality of life or allow businesses to operate without fear of reprisal. In my opinion, the Democrats are still going to lose this seat in November. Connecticut voters have had enough.

Back to the Economy. What Unemployment?

What is that? The economy, stupid. Remember that? What Unemployment? The free market economic system has been hijacked by corrupt politicians and feel good liberalism. I continue to be amazed by the political interference in our economy and by the supposed economic stimulation that government apparently provides it. For example I find it comical that Democratic pollster Mark Penn received an economic stimulus contract worth almost $6 million to work on a public-relations campaign to promote the national transition from analog to digital television. Why you may ask? Was this critical to our economy? He made the taxpayers pay him $6 million for 39 days work and has the nerve to state that it saved three jobs. Yes, three jobs. Thus your tax money paid $2 million dollars to save each one of those jobs. I wonder how many people in Connecticut who are unemployed know that? I think $6 million of taxpayers monies could have been much better spent. Where is the outcry by taxpayers or the media? How many actually know of this scam? And the list goes on and on.
Our economy will only recover when we allow the free market system to work again without governmental and political interference. We have an economically illiterate administration working hand in hand with an economically illiterate Democratic Congress destroying our economy on a daily basis so as to promote their inept ego, power and glorification of failed liberal policies.
The days are marching on and November 2010 will be here. A new economic dawn will occur for our economy with a new Congress then. 2012 will follow as quick with a new President. I can only hope those who are unemployed can last that long. Also if you unemployed why not ask Mark Penn for a job-why not make him share his liberal wealth?

We Are Now Under International Law, Why?

We are under international law. Why?
Here it is:
By a stroke of his amazing pen, President Obama has now overturned a law protecting our citizens, what deal was made with who?
By the authority vested in me as President by the Constitution and the laws of the United States of America, including section 1 of the International Organizations Immunities Act (22 U.S.C. 288), and in order to extend the appropriate privileges, exemptions, and immunities to the International Criminal Police Organization (INTERPOL), it is hereby ordered that Executive Order 12425 of June 16, 1983, as amended, is further amended by deleting from the first sentence the words "except those provided by Section 2(c), Section 3, Section 4, Section 5, and Section 6 of that Act" and the semicolon that immediately precedes them.
President Reagan's directive of 1983 placing Interpol, which is an international law enforcement agency, under our Fourth Amendment Search and Seizure laws and rules has just been overturned. The reason President Reagan did it was to protect our country from international law interference and protect United States citizens from these types of searches. It was logical what Reagan did. It makes absolutely no sense what Obama has just done. It also makes no sense that not one mainstream news organization actually reported it. Interpol by this act has greater powers than our Constitution. Why isn't Congress acting to overturn this directive? What is the reason for this directive with no debate from anyone?
We are now in 2010. A new Congress with new members needs to be elected to stop this abuse of power that is going on in Washington.

What's $400 billion dollars?

Hey what's $400 billion dollars? It is the amount of losses of Fannie Mae and Freddie Mac that you are paying to keep them afloat. And what is wrong with that? We as an economy sure as heck have another $400 billion dollars that we can take out of circulation and help prop up thousands of bad mortgages. Most of these mortgages will never get current. Most of these mortgages should be in bankruptcy now so as to clear the market out of this toxic debt which is still dragging down the housing market. But this administration still feels they are doing a great job and will throw more taxpayers monies out to keep them afloat. And also pay the officials of these two failed mortgages giants $6 million in compensation for the great job they are doing. It is an economic fantasy as to why this money keeps getting spent on Fannie Mae and Freddie Mac to prop up these bad mortgages. And this waste of taxpayer's monies need to stop immediately. We need the free market system to clear the bad debt out and let the normal supply and demand of housing start to go forward again. It is economic reality that not everyone can afford to own a home. The federal government needs to understand it. I am personally tired of paying for this ridiculous piece of social welfare that has failed our economy.

Chris Donovan's Letter Writing Campaign

I have been noticing an increase in the number of Letters to the Editor in the Record Journal written by individuals praising the virtues of Speaker of the House Chris Donovan. Why I do not know other than to once again deflect criticism of his failed legislative session and raising taxes yet once again on our state. I will also add that his last plan to cut the deficit makes absolutely no economic sense to me nor will it work. Does Donovan understand the amount of debt and unfunded liabilities that the state has? Does Donovan understand that the excessively high tax rate that Connecticut has continues to force businesses and its citizens out of the state? What exactly are the results of the massive spending on all sorts of dependent social welfare programs, none of which by the way can be cut? Are the results to keep welfare for fourth and fifth generations of families, so their votes will be safe for the Democrats? And what gives the right to the state to tax inheritances? Hasn't money which has been earned been taxed already? Or are there never enough taxes for the Connecticut Democratic party?
Cut spending and cut taxes. Words which would never come out of the mouth of Chris Donovan and his letter writers.

Why Doesn't Congress Accept Their Own Health Care Plan?

Why doesn't Congress accept their own health care plan to cover themselves? Why don't they enroll themselves in Medicare when they retire? Why must taxpayers accept this failed, unhealthy expensive plan and Congress refuses? These are the questions that taxpayers must now ask their pompous Represenatatives and Senators as the two bills are debated. And the Republicans should now have the guts to fillabuster both bills as they stand. Does Congress feel that taxpayers are that stupid to accept this miserable will bill which will raise the national debt enormously, ration and make more expensive limited health care, and do away with research and technology in drugs, medical care and medical equipment? Congress has failed in its efforts to reform health care. It does not touch tort reform. It does not touch the costs of health care demand by illegal immigrants. It does not touch intertstate medical insurance plans. It just creates socialized health care and rationed care.
2010 will the great awakening for Congress as many Representatives and Senators become unemployed. Stop this unhealthy non reform bill today.