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	<title>Mad Puppy</title>
	<updated>2008-10-11T17:00:52Z</updated>
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	<entry>
		<title>Socialism: Coming To A Country Near You - Very Near You</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/10/08/socialism--coming-to-a-country-near-you--very-near-you.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-10-08:e4e30a05-3d41-4611-b215-6c935d3efc91</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Politics" />
		<updated>2008-10-08T15:26:32Z</updated>
		<published>2008-10-08T14:25:00Z</published>
		<content type="html"><![CDATA[<P><IMG src="http://images.quickblogcast.com/108624-101459/1asocial.jpg" width=129 border=0><BR><BR>The government forcibly removing you from your property. That includes your money.<BR><BR>And the Obamanation, not just Obama himself, is all about it. But Obama in particular has been intimately involved with socialism his entire adult life. Here:<BR><BR><A href="http://sweetness-light.com/archive/barack-obamas-socialist-vision-for-the-us" target=_blank>Sweetness &amp; Light</A>: <BR>"From the March-April, 2000 newsletter of the Chicago Democratic Socialists of America: <BR>&nbsp;<BR>"Chicago DSA Recommendations for the March Primary Election<BR>by Robert Roman <BR>For Congressman of the 1st Congressional District, the Executive Committee was faced with two very good candidates. As we are not making endorsements but merely recommendations, we felt no conflict in recommending both Bobby Rush and Barak [sic]Obama... <BR>Barak [sic] Obama is serving only his second term in the Illinois State Senate so he might be fairly charged with ambition, but the same might have be said of Bobby Rush when he ran against Congressman Charles Hayes. Obama also has put in time at the grass roots, working for five years as a community organizer in Harlem [sic] and in Chicago. When Obama participated in a 1996 [University Of Chicago's Young Democratic Socialists] Townhall Meeting on Economic Insecurity, much of what he had to say was well within the mainstream of European social democracy."<BR><BR><A href="http://politicallydrunk.blogspot.com/2008/10/web-archives-confirm-barack-obama-was.html" target=_blank>Politically Drunk</A>:<BR>"After allegations surfaced in early summer over the 'New Party's' endorsement of Obama, the Obama campaign along with the remnants of the New Party and Democratic Socialists of America claimed that Obama was never a member of either organization. The DSA and 'New Party' then systematically attempted to cover up any ties between Obama and the Socialist Organizations. However, it now appears that Barack Obama was indeed a certified and acknowledged member of the DSA's New Party."<BR><BR><A href="http://www.foundingbloggers.com/wordpress/2008/10/did-barack-obama-support-a-communist-sharia-ticket-in-kenya/" target=_blank>Founding Bloggers</A>:<BR>"Bottom line…in 1996 Barack supported (by campaigning for, making public appearances for) his cousin who believes in imposing Sharia law on a country [Kenya] where 80+% of the population is Christian and killing anyone who stands in his way."<BR><BR>Then there is <A href="http://gatewaypundit.blogspot.com/2008/10/surprise-obama-was-affiliated-with.html#links" target=_blank>Gateway Pundit</A>:<BR><BR><IMG src="http://images.quickblogcast.com/108624-101459/obama_marxist.JPG" width=320 border=0><BR><BR>"Of course, Obama has a long history of relationships with Marxists.<BR>His first mentor in high school was noted Communist Frank Marshall Davis. <BR>He admitted he attended socialist conferences during his college years in his first book, "Dreams From My Father", page 122:</P>
<P>"Political discussions, the kind that at Occidental had once seemed so intense and purposeful, came to take on the flavor of the socialist conferences that I sometimes attended at Cooper Union or the African cultural fairs that took place in Harlem or Brooklyn during the summers-a few of the many diversions that New York had to offer, like going to a foreign film or ice-skating at the Rockefeller Center."<BR><BR>Most damning is this extensive article at&nbsp;<A href="http://noquarterusa.net/blog/2008/10/07/obama-is-hiding-a-radical-past/" target=_blank>No Quarter</A>:<BR><BR>"Conclusion:<BR>Barack Obama has a long-term and sustained relationship with the Chicago DSA, an affiliate of the Democratic Socialists of America, and with the Chicago New Party. He participated in multiple membership meetings and in DSA-sponsored events, repeatedly sought their endorsement. This does not answer all questions about Barack Obama’s past relationships with multiple socialist groups."<BR><BR>He is already acknowledged to be the U.S. Senate's most liberal senator, and that alone, considering how far left the "most liberal" would make him, practically anoints him as the Senate's Socialist. Listening to his speeches he is all about the government running EVERYTHING. He states it explicitly in his proposed programs and he also uses nice code words like "contributions" when talking about taxes and his whole health care proposal is nothing but socialized medicine. His programs, the ones he openly talks about, will cost a trillion dollars. Where do you think that cash is coming from? It sure as hell isn't coming from a "middle class tax cut". And by the way, how many damn times are you going to hear about a middle class tax cut, never get it, and continue to send these looters to Washington?<BR><BR>Unfortunately, an Obama victory probably will only accelerate what has already happened this year. Is there anything either Obama, McCain or the current crop of looters in Washington won't bailout, nationalize, or directly subsidize? And the damn Republicans couldn't keep their paws out of the til either.<BR><BR>Ron Paul...</P>]]></content>
	</entry>
	<entry>
		<title>545 People</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/10/07/545-people.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-10-07:ef5b008d-47d7-4759-a3d4-b763bc4c61fd</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Politics" />
		<updated>2008-10-08T18:31:10Z</updated>
		<published>2008-10-07T08:03:00Z</published>
		<content type="html"><![CDATA[<P>This came as an email to me today, supposedly written by Charlie Reese, who&nbsp;is allegedly a former columnist of the Orlando Sentinel Newspaper:<BR><BR>Politicians are the only people in the world who create problems and&nbsp;then campaign against them.&nbsp;<BR>&nbsp;<BR>Have you ever wondered why, if both the Democrats and the Republicans&nbsp;are against deficits, we have deficits?&nbsp;<BR>&nbsp;<BR>Have you ever wondered why, if all the politicians are against inflation&nbsp;and high taxes, we have inflation and high taxes? </P>
<P>You and I don't propose a federal budget. The president does.&nbsp;<BR>&nbsp;<BR>You and I don't have the Constitutional authority to vote on&nbsp;appropriations. The House of Representatives does. </P>
<P>You and I don't write the tax code, Congress does. </P>
<P>You and I don't set fiscal policy, Congress does.</P>
<P>You and I don't control monetary policy, the Federal Reserve Bank does.&nbsp;<BR>&nbsp;<BR>One hundred senators, 435 congressmen, one president, and nine Supreme&nbsp;Court justices 545 human beings out of the 300 million are directly,&nbsp;legally, morally, and individually responsible for the domestic problems&nbsp;that plague this country.<BR>&nbsp;<BR>I excluded the members of the Federal Reserve Board because that problem&nbsp;was created by the Congress. In 1913, Congress delegated its&nbsp;Constitutional duty to provide a sound currency to a federally&nbsp;chartered, but private, central bank.&nbsp;<BR>&nbsp;<BR>I excluded all the special interests and lobbyists for a sound reason.&nbsp;They have no legal authority. They have no ability to coerce a senator,&nbsp;a congressman, or a president to do one cotton-picking thing.&nbsp;I don't care if they offer a politician $1 million dollars in cash.&nbsp;The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator's responsibility to determine&nbsp;how he votes. </P>
<P>Those 545 human beings spend much of their energy convincing you that&nbsp;what they did is not their fault. They cooperate in this common con&nbsp;regardless of party. </P>
<P>What separates a politician from a normal human being is an excessive&nbsp;amount of gall. No normal human being would have the gall of a Speaker,&nbsp;who stood up and criticized the President for creating deficits. The&nbsp;president can only propose a budget. He cannot force the Congress to&nbsp;accept it.&nbsp;<BR>&nbsp;<BR>The Constitution, which is the supreme law of the land, gives sole&nbsp;responsibility to the House of Representatives for originating and&nbsp;approving appropriations and taxes. Who is the speaker of the House? </P>
<P>She is the leader of the majority party. She and fellow House members,&nbsp;not the president, can approve any budget they want. If the president&nbsp;vetoes it, they can pass it over his veto if they agree to. </P>
<P>It seems inconceivable to me that a nation of 300 million can not&nbsp;replace 545 people who stand convicted -- by present facts -- of&nbsp;incompetence and irresponsibility. I can't think of a single domestic&nbsp;problem that is not traceable directly to those 545 people. When you&nbsp;fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they&nbsp;want to exist.&nbsp;<BR>&nbsp;<BR>If the tax code is unfair, it's because they want it unfair.<BR>&nbsp;<BR>If the budget is in the red, it's because they want it in the red.&nbsp;<BR>&nbsp;<BR>If the Marines are in IRAQ , it's because they want them in IRAQ .</P>
<P>If they do not receive social security but are on an elite retirement plan not available to the people, it's because they want it that way.&nbsp;<BR>&nbsp;<BR>There are no insoluble government problems.&nbsp;<BR>&nbsp;<BR>Do not let these 545 people shift the blame to bureaucrats, whom they&nbsp;hire and whose jobs they can abolish; to lobbyists, whose gifts and&nbsp;advice they can reject; to regulators, to whom they give the power to&nbsp;regulate and from whom they can take this power. Above all, do not let&nbsp;them con you into the belief that there exists disembodied mystical&nbsp;forces like "the economy," "inflation," or "politics" that prevent them&nbsp;from doing what they take an oath to do.&nbsp;<BR>&nbsp;<BR>Those 545 people, and they alone, are responsible.</P>
<P>They, and they alone, have the power.&nbsp;<BR>&nbsp;<BR>They, and they alone, should be held accountable by the people who are&nbsp;their bosses provided the voters have the gumption to manage their own&nbsp;employees.&nbsp;<BR>&nbsp;<BR>We should vote all of them out of office and clean up their mess!&nbsp;<BR>&nbsp;<BR>&nbsp;<BR></P>]]></content>
	</entry>
	<entry>
		<title>Go On, Take The Money And Run</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/10/03/lets-just-socialize-everything-and-get-it-over-with--part-v.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-10-03:8fe1e413-dd9d-4d5e-bfef-60683865750d</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Politics" />
		<category term="Economics" />
		<updated>2008-10-03T17:14:48Z</updated>
		<published>2008-10-03T16:31:00Z</published>
		<content type="html"><![CDATA[<IMG src="http://images.quickblogcast.com/108624-101459/1apigs.jpg" width=138 border=0>&nbsp; <IMG src="http://images.quickblogcast.com/108624-101459/screwed.jpg" width=210 border=0><BR><BR>The bailout has passed&nbsp;both looting branches of Congress&nbsp;and Mr. Bush has signed it. In spite of that, Wall Street took a dive. Is there a worse indicator than the Dow to base any monetary policy on? Lemmings over the cliff.<BR><BR>Two minute speech today before the revote on the new and improved bailout:<BR><BR><EMBED src=http://www.youtube.com/v/wK2QjMydQpU&amp;hl=en&amp;fs=1 width=425 height=344 type=application/x-shockwave-flash allowfullscreen="true"><BR></EMBED><BR>Recent Rasmussen poll says 59% of Americans agree with Ronald Reagan's assertion that government isn't the solution, it is the problem. Yet, we're well on our way to electing the most leftist Senator as President. The size of government, the tax burden, the future obligation of future generations is going to skyrocket even more than it did under the fucking incompetent Republicans.<BR><BR>BTW, Sarah, you did great last night. You were awesome under some of the biggest pressure I've seen. Too bad you're not a member of that secessionist party in Alaska, I'd love you even more.<BR><BR>When The Obamanation takes over - save this in your archives - you will see tax increases like never before, you will see people like Maxine Waters&nbsp;demanding the government take&nbsp;over more and more industries, you will see more and more industries looking for bailouts and getting them, and even states will come looking at the federal trough for cash. Like California is going to do&nbsp;soon under one of my heroes turned statist The Austrian Oak. Don't be surprised when they try to nationalize the oil companies and half the population wants them to. Fucking idiots.<BR><BR>Its a very sad commentary on our times when virtually everybody has adopted the looter mentality, the "if I don't get it you shouldn't either", liberal, socialist, communist view. Even the conservatives suck. Even on the traditional issues they are nowhere to be found. The libertarians are talking that after The Obamanation takes its place they will be in their sights and will have to retreat to the underground again. What? They are operating with delusions of grandeur. They are irrelevant. The Obamanation could care less about them and their views. There isn't anybody with any power who gives a shit to listen to them. They couldn't even get their shit together to back one of their own, Ron Paul. <BR><BR>There isn't anybody who likes this bailout, nor is there anybody who really thinks its worth a shit, yet it passes. I'd ask where is the outrage is, other than the blogs, where is the revolution? But its not there - we're all a bunch of candy asses and we are getting exactly what we deserve.]]></content>
	</entry>
	<entry>
		<title>Open Letter To The National Association Of REALTORS</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/10/01/open-letter-to-the-national-association-of-realtors.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-10-01:8c599d84-ad51-49b7-9e4e-45b8e05afa23</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Economics" />
		<category term="Real Estate" />
		<updated>2008-10-01T12:50:18Z</updated>
		<published>2008-10-01T12:40:00Z</published>
		<content type="html"><![CDATA[<P>It came as no surprise whatsoever that NAR would once again support another big-government solution to a big-government caused problem. That’s all you do. The largest organization of its kind, representing members who are the classic example of go get ‘em, do it yourselfers, individualists, always backs the government’s latest socialist handouts, regardless of their overall effect on the economy or, as we now see, even the housing market. </P>
<P>You already know the reasons for why this bailout is “needed”. REALTORS were right in the middle of it. Loved it every time the Fed dropped their rates to artificial lows. Loved it when the secondary market came out with all its new [high risk] mortgage products. We applauded the low interest rates and the zero down loans and the no doc’s. Loved ‘em, sold the hell out of them. Got thousands of people into homes who couldn’t have otherwise bought them. Drove demand up, supply down, prices skyrocket and we get unbelievable gains in market values. Which created the bubble. We were warned but no, that can’t happen. It will go on forever! Then watched it burst. Watched prices plummet. Watched the unbelievable gains disappear. Watched thousands of people lose those homes. Never once asking if this is really the policy that the government should be following. Just keep those low rates and easy credit coming.</P>
<P>Ok, so its too much to ask for NAR to come out and say that interest rates are being kept artificially too low and they should go up, or for you to say no, we need to make it tougher to get mortgages if your credit isn’t quite good enough. Or sorry, agent, we need to slow down sales. But is NAR EVER going to back anything that resembles a tax cut, or budget cuts or anything that would put money back in people’s pockets instead of into the government coffers? Ever lobby Congress to institute an honest monetary policy? Ever tell government to get the hell out of the market and let capitalism – actual free-market capitalism – work? </P>
<P>So far, not in my 31 year membership it hasn’t. You just keep backing all the government programs they can throw together, even ask for more of them, then when they blow up wait for the government to bail it out – again...</P>]]></content>
	</entry>
	<entry>
		<title>Bailout Loses, Pelosi Can't Corral Troops, Then Blames Republicans</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/09/29/the-stupidest-person-in-america.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-09-29:8a7b8f4a-11af-472c-9506-5a3ec2215527</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Politics" />
		<updated>2008-09-29T16:10:34Z</updated>
		<published>2008-09-29T13:56:00Z</published>
		<content type="html"><![CDATA[The Democrats could pass the bailout all by themselves. So naturally, when 95 Demoscum vote against it, its the Republican's fault. The typical leftist, socialist, Democrat bullshit. Whine and cry.<BR><BR>Right before the vote on the biggest bailout in American history; on a vote that she needs the Republicans to vote "yes" on the bill to provide political cover; on the pre-vote "pep talk" to get the Republicans on board: what does this stupid, lying, idiot do? She rips Bush for his chaotic economic policies, and not continuing Clinton's surpluses. Not a word about 9-11; not a word about the slew of Democrats who ran Fannie Mae into the ground and stole from it; not a word about Dodd and Obama and other Dems being the top money grabbers of Fannie contributions. She is a total, lying, incompetent, stupid, fool. You want their votes so right before asking for them you rip them to shreds? Even if what she said is true - it isn't and is non-inclusive - how stupid do you have to be to go rip them and their policies and their president?<BR><BR>Besides all this, they act as if anybody WANTED this bill besides Wall Street. This is a victory, as Lew describes below. In the meanime:<BR><BR>I give you the Queen of Dumbass, Nancy Pelosi,&nbsp; worst, certainly stupidest, Speaker of the House ever:<BR><BR><EMBED src=http://www.youtube.com/v/ey3ZlsmIkz4&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;hl=en&amp;fs=1 width=425 height=344 type=application/x-shockwave-flash allowfullscreen="true"><BR><BR>I was going to include other links to Her Dumbass, but there are too many. Go to the Politics category, she's all over it.<BR><BR>Dumbass...God, I can't get over how STUPID this was to do!<BR><BR>Thank you, Nancy baby! Your&nbsp;speech is being tauted as one of the reasons it didn't pass. And your leadership was certainly on display, too,&nbsp;when 95 of your fellow scum Dems voted against the package. Way to rally your troops. Nice approval ratings too!<BR><BR>You truly are one of the worst Speakers in history. Thank God.<BR><BR><A href="http://www.lewrockwell.com/blog/lewrw/archives/023215.html" target=_blank><STRONG>Lew Rockwell</STRONG></A><STRONG>:</STRONG> What a heroic day! The people rose up against a coalition of every evil group in America: the central bank, Wall Street plutocrats, politicians, banksters, think tanks (including the pseudo-libertarian sort), big media, big academia, and big business, and won. Today we got a taste of what things may look like when the regime is finally toppled, and its theft and killing stopped. The Austrian economists are vindicated again, as is Rothbard's political analysis, and our pizza party for Mises's birthday today look on an especially festive air. The bad guys may yet beat us, but how sweet to see the CNBC types running around like chickens with their heads cut off. Now let's get to work to defend the free market and sound money, and finger the Fed and all who support it as the culprits. Oh, and by the way, congratulations, Ron Paul.<BR><BR><STRONG>Newt Gingrich:</STRONG> Asked by Glen Beck: Can you -- have you heard any of these experts guarantee or give you a good sense that this bailout will stop that from happening?"<BR><BR>Answer: "No. Let me be clear. I'm about as unhappy as anybody you know. I think that Secretary Paulson ought to be fired. I think this bill has been improved significantly by McCain and by the House Republicans but it is still a bad bill. But I also believe if you have a Democratic congress that the odds are pretty good that none of the things you really need to get done are going to get done. What we ought to be doing is repealing Sarbanes-Oxley which has become a huge mess, we ought to be going to zero capital gains tax. We ought to be reducing the American corporate tax to match islands 12%. There are a lot of things we could be doing. We should be controlling spending. We should have an energy bill that is decisive in bringing home most of the $700 billion a year we're sending to foreign countries, many of them dictators opposed to us."<BR><BR><STRONG>Ron Paul:</STRONG> Before the vote:<BR><BR></EMBED><EMBED src=http://www.youtube.com/v/YBVB1Uc0nko&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;fs=1 width=425 height=344 type=application/x-shockwave-flash allowfullscreen="true"><BR><BR>After the vote:<BR><BR></EMBED><EMBED src=http://www.youtube.com/v/lFh6PU6qM9Q&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;fs=1 width=425 height=344 type=application/x-shockwave-flash allowfullscreen="true"></EMBED>]]></content>
	</entry>
	<entry>
		<title>Paul Newman, Class Act</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/09/27/paul-newman-class-act.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-09-27:60cef850-813a-4697-880d-ae00b5c1ed1c</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Personal" />
		<updated>2008-09-27T13:15:02Z</updated>
		<published>2008-09-27T13:11:00Z</published>
		<content type="html"><![CDATA[<IMG src="http://images.quickblogcast.com/108624-101459/paulnewman6.jpg" width=320 border=0><BR><BR>"Cat on a Hot Tin Roof," "Exodus," "The Hustler," "Cool Hand Luke," "Butch Cassidy and the Sundance Kid," "The Sting" and "The Verdict." 
<P _extended="true">He finally won an Oscar in 1986 -- on his eighth try -- for "The Color of Money,". One of the good guys.</P>]]></content>
	</entry>
	<entry>
		<title>What Does It Take?</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/09/26/what-does-it-take.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-09-26:15f7b56a-eec5-4ad6-8f42-25c41f01c76c</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Michigan" />
		<category term="Economics" />
		<category term="Politics" />
		<updated>2008-10-03T17:23:30Z</updated>
		<published>2008-09-26T10:58:00Z</published>
		<content type="html"><![CDATA[<P>The Detroit Free Press reports today that Senator Obama has doubled his lead over Senator McCain in Michigan. Why? The paper says "More than half of the 602 likely Michigan voters surveyed from Monday through Wednesday said Obama is the better choice to fix the economy". Asked who is best able to fix the problems with the U.S. economy, the respondents said Obama with a 15-point lead, 52%-37%, over McCain. Obama did even better among women on the same question. And this: "The economy is one of the reasons why I'm not voting for Republicans this year," said Michael Carpenter of Grand Rapids, a 44-year-old entrepreneur and a Republican. "I think we need somebody who has their hand on the wheel and is looking down the road."</P>
<P>With all due respect, Mr. Carpenter, and all the rest of you people who can't wait to put Obama in the White House, what the hell are you smoking? The only damned thing Obama has his hand on is a lectern and what he's looking at is the teleprompter.</P>
<P>Michigan has been in trouble for years. Michigan has not voted for a Republican president since 1988. We have the great socialist and taxer Carl Levin sitting in concrete in Washington and another favorite Democrat lapdog Ms. Debbie there, too. The Governor is a democrat who has done nothing but raise taxes everywhere she can and raise salaries to government employees far above the rate that regular citizens are getting raises. Budget cuts? Yea, right. The state legislature is run by Democrats with the Republicans every now and then showing up to stop them. The state's economy is running people and businesses out at a 2-1 rate, the highest in the nation. Housing values have plummeted, but the property taxes haven't. Gotta keep those revenue streams funneling money into Lansing. But instead of facing reality and reducing all taxes permanently she gives out incentives here and there to her pet projects. Want to make a movie, Clint? Come on in! We'll even give you money back! Businesses want tax stability, not a tax plan that changes with every whim of some politician or bureaucrat. Not here, though, oh no, got to keep taxes up to pay for all the shit. And all of this without mentioning the giant sucking cesspool Detroit has shown itself to be to the entire nation.</P>
<P>Obama. His plans increase spending by almost a trillion dollars. Is there any reasonable mind out there that thinks the way to "fix things" - which is another stupid myth; the President doesn't "run the economy", if they did they would just wave the magic wand and fix it - is to tax the hell out of everybody? Congress has been run by Democrats since the 2006 election and that's when the whole national economy started to go to shit. They sure as hell will take the credit, they can now take the blame, but apparently people like Mr. Carpenter will give them a pass. Obama is NOT going to reduce taxes. One, he doesn't want to; two, he thinks he has to make taxes more fair by taxing rich people who pay half the income taxes to the treasury already; three, he is for reparations and the only way to get that is through taxing <EM>something</EM>; and four, he's going to end up doing what Pelosi and Reid and, yes, Levin and Stabenow and all the other special Democrat interest groups want anyway, and that sure as hell is not reduce taxes. In fact, they want gas prices to go up, too, and some of them want to INCREASE the gas tax so you drive less and save the planet.</P>
<P>It was Bill Clinton, Barney Frank, Chris Dodd, Franklin Raines, Jim Johnson and a slew of other Democrats who started the housing bubble that burst and got us where we are now. It is the Democrats who for decades have stopped Americans from getting the energy we need from our own supplies causing us to send $700 billion dollars each year (sound familiar?) overseas for oil. It was Clinton who came in after Reagan and Bush and got passed through a Democrat-controlled Congress the largest tax increase in history with Algore casting the tie-breaking vote to a standing ovation given by themselves to themselves; tax increases that didn't become effective until the late 90's, after Clinton could leave office and brag about how HIS policies created the largest peace time boom in history, or whatever it is he never stops talking about to boost his legacy. Well, now we see that HIS policies have now contributed to the "biggest crisis since the Great Depression".</P>
<P>McCain is no brainiac on economic policy. But he doesn't have all of this baggage hanging on him. At least Palin is an expert on energy policy. But the&nbsp;leftists are too busy trashing her for not being a liberal Democrat woman; according to them the only real women in the universe.</P>
<P>So, I ask again, people: what does it take before you get it? What the HELL does it take?</P>
<P>You want someone to "fix" the economy? You should have listened to the guy who is all over the TV this week with interviews because they know he is the only politician in Washington, or anywhere else, who understands economics. The one and only politician who said this was coming, the only politician who knows where this stupid bailout is going to take us, and the only one with workable solutions. Not Obama. Not Biden. Not even McCain/Palin.</P>
<P>You should have listened to Ron Paul. But he's not in the mix now, is he...too bad. Michigan wants to go for the tax and spend Democrat - again. The evidence speaks for itself on how ignorant a choice that is.<BR><BR><STRONG>UPDATE:</STRONG> <A href="http://www.rushlimbaugh.com/home/daily/site_100308/content/01125109.guest.html" target=_blank>Rush</A>: "The McCain campaign yesterday announced that it was pulling out of Michigan.&nbsp; Fine!&nbsp; Leave Michigan. You liberals in Michigan, you.... People deserve who they vote for.&nbsp; We've done everything we can to try to bail Michigan out -- not bailout, but save Michigan.&nbsp; If you want to vote for the same kind of people got you in the mess that you're in, go right ahead.&nbsp; It's your state. Do what you want." Sarah wants to come here. Many of us have tried to suck it up to keep The Messiah out. When in the fuck is McCain going to do his part?</P>]]></content>
	</entry>
	<entry>
		<title>Socialism Has Failed Again - Let's Try Capitalism</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/09/25/socialism-fails-again--so-lets-use-more-socialism.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-09-25:bfd26f43-3d2b-44ef-870e-6d27c2e4941d</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Politics" />
		<category term="Economics" />
		<updated>2008-09-25T15:55:38Z</updated>
		<published>2008-09-25T14:57:00Z</published>
		<content type="html"><![CDATA[<P><IMG src="http://images.quickblogcast.com/108624-101459/GlobalChains.jpg" width=300 border=0><BR><BR>The Wizards of Washington are about to go ahead and pass the fucking bailout. How many God damn times does socialism have to fail before it is discredited and thrown down the sewer? These statists in Washington - oh, they know EXACTLY what they are doing - believe in government intervention in spite of thousands of examples and uncounted bailouts and subsidies. Why? Because they can, I guess.<BR><BR>They blame unbridled capitalism and not enough regulation. Bullshit! Capitalism and the market pick winners and losers. Not some government hack.&nbsp;Treasury Secretary Hank Paulson says, "I don't believe in raw capitalism without regulation." But how the hell does he know? When has he ever experienced it? At Goldman Sachs? Christ, they are ALWAYS right in the thick of things, and it always seems that everyone involved with these things either works there now or did - or will. The system is about as socialist as it can be without actually getting all the way there. It sure as hell isn't capitalism. <BR><BR>So here comes my bailout. Oh yes, MY and YOU and MY KIDS and YOUR KIDS own this bailout. And we WILL pay for it through our collective noses.&nbsp; <BR><BR>But it just moves the disaster back. How? As <A href="http://mises.org/story/3120" target=_blank>Pierre Lemieux</A> says: "...a false confidence in the power of the state to guarantee stability has developed. Some investors have come to believe that, whatever mistake they make, they have a right to their profits, and the authorities will enforce it. The rescue of Bear Stearns, the two GSEs and AIG will only fuel this belief....Moreover, as many commentators have remarked, guaranteeing large financial firms from failure will bring calls for regulating them still more tightly. This is an old story: past political interventions create the reasons for new ones.</P>
<P>The present financial turmoil is really a failure of global statism. Socialism has failed once again. Let's try capitalism."<BR><BR>Maybe I'm being too nice and saying its almost socialism. <A href="http://newt.org/tabid/102/articleType/ArticleView/articleId/3742/Default.aspx" target=_blank>Newt Gingrich</A> says its worse, we're already there if this thing actually passes: "This idea that we're going to buy the paper and some bureaucrat in Washington is going to be responsible for $700 billion in bad paper, I think, is socialism at its worst. I can't imagine why this administration is doing it. I think it is profoundly wrong, and I hope it is defeated if it comes to the floor in this form."<BR><BR>And these two assholes who have been right in the thick of this whole mess, Frank and Dodd, should be investigated but won't be.<BR><BR><IMG src="http://images.quickblogcast.com/108624-101459/frank_n_dodd.jpg" width=265 border=0><BR><BR>Dodd: number one on the donations list; Obama number 2; Frank is just an asshole. <A href="http://blog.madpuppy.com/2008/09/23/the-fleecing-of-america-continues.aspx" target=_blank>Here</A>.<BR><BR>And the Obamanator: "every American has a stake in saving the financial system from collapse. If we don't act soon, then people's jobs, savings, and the economic security of millions of Americans will be put at risk." Fuck you! We have paid over and over again for your buddy investor bailouts through the years in the guise of saving our jobs. You want American jobs? ELIMINATE THE CORPORATE AND CAPITAL GAINS TAXES, YOU DUMBASS!!!</P>]]></content>
	</entry>
	<entry>
		<title>Sometimes You Win, Sometimes You Lose; Either Way Its Yours, Not Mine</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/09/24/you-win-some-you-lose-some-some-get-rained-out.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-09-24:21cabcb8-323b-46da-83fa-43261e937c60</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Politics" />
		<category term="Economics" />
		<updated>2008-09-25T14:52:37Z</updated>
		<published>2008-09-24T16:23:00Z</published>
		<content type="html"><![CDATA[<IMG src="http://images.quickblogcast.com/108624-101459/1killbail2.jpg" width=220 border=0><BR><BR>Question: did the people/corporations who are going to get money from this bailout share their billions of dollars of profit with the taxpayers before they went broke? <BR>&nbsp;<BR>NO - <U>and they should not have</U>. They took the risks, they make the profit.<BR>&nbsp;<BR>But likewise, why should they share their losses? <U>They shouldn't</U>. They took the risks, they lose their money.<BR>&nbsp;<BR>This is called capitalism. Risk/reward. Some you win, some you lose...keep your profit, keep your loss.<BR><BR>In the meantime, the only politician that knows what the hell the real deal is:<BR><BR><EMBED src=http://www.youtube.com/v/TlgByE1jDRA&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;hl=en&amp;fs=1 width=425 height=344 type=application/x-shockwave-flash allowfullscreen="true"><BR><BR>George Will: "Before Congress codifies this [bailout], it should consult Article I, Section 1 of the Constitution: “All legislative powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives.” But since the federal government was transformed into a regulatory state in the 20th century, Congress has routinely delegated essentially legislative powers to the executive branch and independent agencies. This is one reason conservatives regret the growth of government: It entails supplanting the rule of law — laws written by elected representatives — by the rule of rules written in the executive branch."<BR><BR>From this morning's hearing:<BR><BR></EMBED><EMBED src=http://www.youtube.com/v/dv6rQ0U01Yc&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;fs=1 width=425 height=344 type=application/x-shockwave-flash allowfullscreen="true"><BR><BR>And this little ditty that says (maybe not proves) that, uh, my previous posts were...RIGHT!! (glad I'm not with CENTURY21)<BR><BR></EMBED><EMBED src=http://www.youtube.com/v/AHj8-HSi5AA&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;hl=en&amp;fs=1 width=425 height=344 type=application/x-shockwave-flash allowfullscreen="true"><BR><BR><STRONG><A href="http://www.powerlineblog.com/archives2/2008/09/021598.php" target=_blank><STRONG>Power Line</STRONG></A>:</STRONG> In 2003, that is, when the New York Times ran <A href="http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&amp;scp=1&amp;sq=" target=_blank barney+frank?&amp;st='nyt"'>this article</A> on proposed reforms to Fannie Mae and Freddy Mac:..."These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." <BR><BR><STRONG>UPDATE:</STRONG> Investor's Business Daily has this <A href="http://www.ibdeditorials.com/IBDArticles.aspx?id=307149667289804" target=_blank>indictment</A> of the perpetrators of the meltdown: Democrats. Hey, this isn't biased, read the damn article.<BR><BR><A href="http://www.lewrockwell.com/blog/lewrw/archives/023073.html" target=_blank>Lew Rockwell</A>: "The feds continue to follow the economic path that turned the 1929 bust into the sixteen-year Great Depression: artificially keeping prices high, and bailing out failing businesses, when the excesses of the boom must be cleaned out before we can have prosperity. That is, prices must be free to fall to reflect reality, and there must be no more wealth destruction through subsidizing the losers. Yet it's hardly news, as they debate welfare for Goldman Sachs, that congressmen have voted to bailout the losers called GM, Ford, and Chrysler. It's just more confirmation, as if we needed it, and officials are willing to engage in hyperinflation rather than allow the market to take its moral and rational course. To all of you who do not see the state as essentially a criminal enterprise, a "gang of thieves writ large," as Murray Rothbard put it: time to take another look."&nbsp;<BR><BR>Damn it, its been a week and where's the depression? Is it a <A href="http://blog.mises.org/archives/008604.asp" target=_blank>fake crisis</A>? Are they just stupid? Whatever happened to the free market? Why is the damn stock market the end-all of everything? Let them go bankrupt!! Its not like they just cease to exist!! Their assets get sold off and regurgitated to those who want to buy them. And if they are worthless, well then you lose! <STRONG>Sorry, but you KNEW that when you bought the frickin' derivatives!&nbsp;Take the loss against your years of profits!!! God damn, this is so elementary its pitiful!<BR></STRONG></EMBED>]]></content>
	</entry>
	<entry>
		<title>The Fleecing Of America Continues</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/09/23/the-fleecing-of-america-continues.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-09-23:a4d9e018-839e-4012-8fd1-933d065dcff0</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Politics" />
		<category term="Economics" />
		<updated>2008-09-23T13:49:09Z</updated>
		<published>2008-09-23T11:46:00Z</published>
		<content type="html"><![CDATA[<P>THROW THE BASTARDS OUT!!<BR><BR><IMG src="http://images.quickblogcast.com/108624-101459/dodd_frank.jpg" width=300 border=0><BR><BR>This bailout - the more I read about it the more it sucks. Pat Buchanon has a great article with historical content in it&nbsp;<A href="http://www.humanevents.com/article.php?id=28670" target=_blank>here</A>&nbsp;and asks:<BR><BR>"Is it fair that businessmen who fail in neighborhood stores have to close shop and often sell their homes, while Wall Street titans are spared the consequences of monumental stupidity and greed?" His answer:&nbsp;&nbsp;"Hell, no!" Is he right? </P>
<P><A href="http://www.lewrockwell.com/blog/lewrw/archives/023004.html" target=_blank>Lew Rockwell</A>:<BR>"The Use of 'Toxic'<BR>Posted by Lew Rockwell at September 22, 2008 07:05 PM</P>
<P>"Funny how all the media decided to call overvalued bonds "toxic." Not stupid, not reckless, not worthless, but poisonous. The implication is that the banks are somehow not at fault; they were poisoned. </P>
<P>Toxic comes from the Greek, meaning a poison into which arrows were dipped. It is the Fed's boom, and the attempt to keep failing institutions in business through potential hyperinflation, that are poisoned arrows aimed at our freedom and prosperity. The shooters are the Fed, the Treasury, and the plutocracy. The response: the shield and buckler of liberty."</P>
<P><A href="http://www.rushlimbaugh.com/home/daily/site_092208/content/01125108.guest.html" target=_blank>Limbaugh</A>:<BR>"There is a singular culprit here, and that is it -- and there's a great idea at stake here, too, and the idea is that the free market measures itself and handles itself better than the government running.&nbsp; The great idea that we're about to throw away with this bailout is that the government can run things better. The government can take care of you, the government can insure you, the government can protect you, the government can provide for you.&nbsp; This is an idea which has been shown to fail around the world.&nbsp; We are about to incorporate it here if this bailout goes through as designed.&nbsp; This should not be a mystery anymore to anybody because the Drive-By Media refuses to do its job.&nbsp; Last week the roots of this crisis were explained, and its authors were identified.&nbsp; Long-serving congressmen and senators, overwhelmingly Democrats, working in concert with the liberal allies in the bureaucracies and the management of these so-called companies -- really government agencies, Freddie Mac and Fannie Mae. They're government agencies, they always have been -- and liberal special interests and advocacy groups hijacked federal housing policies and turned them into patronage programs.&nbsp; The quasi-governmental entities were at the root of this problem because what they did forced the hand of genuine private mortgage companies to conform to the same irresponsible lending policies as Fannie and Freddie had adopted if they were to survive.&nbsp; And it also fostered creation of sleazy mortgage companies whose business model was making lousy loans in the expectation of being able to dump 'em later through new financial instruments that had been created just to do that, and I have just gotten started...<BR><BR><FONT face=Arial><FONT face=Verdana>It is a stain, it is a stench, and it is directly traceable to liberal Democrat policies and desires.&nbsp; We know who caused the problem!&nbsp; We know that we can only expect the change we need by replacing them with congressmen and senators pledged to a different course with a fundamentally different concept of how the federal government can best serve the interests of the American people."<BR><BR><STRONG>UPDATE: </STRONG>God damn, this probably makes too much sense: </FONT><A href="http://thehill.com/leading-the-news/rsc-pitches-market-based-alternative-to-bailout-2008-09-23.html" target=_blank><FONT face=Verdana>two-year suspension of the capital gains tax</FONT></A><FONT face=Verdana>.<BR><BR></FONT><A href="http://thehill.com/leading-the-news/gingrich-urges-vote-against-stupid-paulson-plan-2008-09-23.html" target=_blank><FONT face=Verdana>Gingrich:</FONT></A><FONT face=Verdana> </FONT><SPAN><FONT face=Verdana>“I thought if [Russian Prime Minister Vladimir] Putin had written that, I’d understand it,” Gingrich said.<BR><BR></FONT><A href="http://blog.heritage.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/" target=_blank><FONT face=Verdana>Heritage Foundation:</FONT></A><FONT face=Verdana> Putting Chris Dodd in charge of drafting the Senate’s bailout bill is like letting Ken Lay write Sarbanes-Oxley:<BR>"There were early warning signs. In 2004, a whistle blower revealed Fannie had engaged in Enron-like accounting practices in order to meet profit targets that meant bonuses for CEOs. When conservatives on Capitol Hill moved to rein in Fannie and Freddie, liberals in Congress pushed back, and won as little oversight as possible for their political allies. Key to Fannie and Freddie’s defense was the development of “Partnership Offices” that funneled money into various housing projects in districts of key members of Congress. These efforts were coordinated with corrupt leftist housing advocacy allies like the Association of Community Organizations for Reform Now (ACORN), which has been indicted multiple times across the country for vote fraud."<BR></FONT><BR><A href="http://www.cnn.com/2008/POLITICS/09/23/paul.bailout/index.html" target=_blank>Ron Paul</A>: "Unfortunately, the government's preferred solution to the crisis is the very thing that got us into this mess in the first place: government intervention."<BR><BR></P>
<P>&nbsp;</P></SPAN></FONT>]]></content>
	</entry>
	<entry>
		<title>Fannie Mae Thieves</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/09/18/ron-paul-addresses-financial-crisis.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-09-18:74cc8f65-57aa-4bea-a55d-4afd10eb1d03</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Politics" />
		<category term="Economics" />
		<updated>2008-09-23T16:02:18Z</updated>
		<published>2008-09-18T15:19:00Z</published>
		<content type="html"><![CDATA[<P dir=ltr style="MARGIN-RIGHT: 0px">Ron Paul on the bailouts, particularly starting at about the 4:30 mark:<BR><BR><EMBED src=http://www.youtube.com/v/d73KlhUq1W8&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;hl=en&amp;fs=1 width=425 height=344 type=application/x-shockwave-flash allowfullscreen="true"><BR><BR>He points out the problems that started this collapse and why it will continue unless everybody gets their shit together - fast.<BR><BR>"Scenes are now to take place as will open the eyes of credulity and of insanity itself, to the dangers of a paper medium abandoned to the discretion of avarice and of swindlers." --Thomas Jefferson to Thomas Cooper, 1814.<BR><EM>(Thanks to Lew Rockwell)<BR></EM><BR><STRONG>UPDATE:</STRONG> Remember, during the 90's the Clinton administration pushed Fannie and Freddie, through legislation and through HUD - no stranger to scandal itself - Secretary and super-liberal Andrew Cuomo, Mario the Pious,&nbsp;Governor of New York's kid, to open up the lending requirements, thus paving the way for millions in loans to people who were not previously qualified to get loans. The result? Collapse and bailout. See below.<BR><BR>You say, but Mad Puppy, it wasn't all Clinton, get off that bandwagon!! Ah, but, alas,&nbsp;grasshopper you would be wrong. See the quote in UPDATE III <A href="http://blog.madpuppy.com/2008/09/08/liberal-policies-come-hoome-to-roost.aspx" target=_blank>here</A>. Then watch all 4 minutes 36 minutes of this video. ALL of it:<BR><BR><EMBED src=http://www.youtube.com/v/usvG-s_Ssb0&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;hl=en&amp;fs=1 width=425 height=344 type=application/x-shockwave-flash allowfullscreen="true"><BR><BR>Raines is currently an economic adviser to Obama. After running Fannie into the ground and&nbsp;making $50,000,000. And Gorelick, who made $26,000,000 or so, was the adviser to Clinton who expanded the&nbsp;"wall" that segregated criminal investigators and intelligence agents looking into terrorists. Thus, the "Gorelick Wall" barred anti-terror investigators from accessing the computer of Zacarias Moussaoui, the 20th hijacker, already in custody on an immigration violation.&nbsp;<BR><BR>According to Wikipedia: "Even though she had no previous training nor experience in finance, Gorelick was appointed Vice Chairman of FNMA [Fannie Mae] from 1997 to 2003. She served alongside former Clinton Administration official Franklin Raines, and earned over 26 million during her six years there. During that period, FNMA developed a $10 billion accounting scandal. One example of falsified financial transactions that helped the company meet earnings targets for 1998, a "manipulation" that triggered multimillion-dollar bonuses for top executives. Gorelick received $779,625. On March 25, 2002, Business Week interviewed Gorelick about the health of "Fanny Mae". Gorelick is quoted as saying, "We believe we are managed safely. We are very pleased that Moody's gave us an A-minus in the area of bank financial strength -- without a reference to the government in any way. Fannie Mae is among the handful of top-quality institutions." One year later, Government Regulators "accused Fannie Mae of improper accounting to the tune of $9 billion in unrecorded losses". <A href="http://en.wikipedia.org/wiki/Jamie_Gorelick" target=_blank>Here</A>'s the Wikipedia page.<BR><BR>Cuomo, as secretary of HUD, had dealings with Fannie and Freddie all the time, and in fact was the semi-regulator of them. From Wikipedia:<BR>&nbsp;<BR>"On November 7, 2007, as part of his probe into the mortgage industry as New York Attorney General Cuomo announced subpoenas for Freddie Mac (FRE) and Fannie Mae (FNM) requesting the companies retain an independent examiner to review mortgages and appraisals. Cuomo sued First American Corporation (FAF) and its eAppraiseIT unit for allegedly colluding with Washington Mutual to use a list of select appraisers to inflate mortgage appraisals. Washington Mutual stock responded with a sharp decline. CNBC's Jim Cramer labeled Cuomo a “communist” who “wants to shut down the mortgage market.”<BR><BR>Catherine Fitts, Assistant Secretary and FHA Administrator under Jack Kemp during the first Bush administration and HUD independent contractor under Henry Cisneros and Andrew Cuomo accuses him of fraud and links his name to HUD vendors who also provided him with lucrative benefits of various types."<BR><BR><STRONG>UPDATE II:</STRONG> <A href="http://hotair.com/archives/2008/09/18/mccain-hits-raines-in-new-ad-advice/" target=_blank>Here</A>&nbsp;about McCain's new ad and more facts on Raines:<BR><BR>Here are a few articles of interest about Raines from the Washington Post:<BR><BR>March 2005: Perverse executive pay forced Raines out of his job. <BR>May 2006: Extensive fraud at Fannie Mae under Raines’ direction, generating over $50 million in bonuses for nonexistent growth. <BR>April 2008: Raines gives up $24 million in future payouts to avoid criminal charges in Fannie Mae fraud, although most of that was in worthless options; he pays $2 million in cash.<BR>&nbsp;<BR>Note that Raines continued to advise Obama even after that settlement.&nbsp; It’s not as though Obama didn’t know Raines’ past.&nbsp; Apparently, he just didn’t care.<BR><BR><STRONG>UPDATE III:</STRONG> <BR><BR><IMG src="http://images.quickblogcast.com/108624-101459/fannie_mae_thieves.jpg" width=300 border=0><BR><BR><A href="http://www.rushlimbaugh.com/home/daily/site_091808/content/01125107.guest.html" target=_blank>El Rushbo</A> with another brilliant analysis and history of what went on during the Clinton watch. Read the whole article. Says Rush:<BR><BR>This is Braden Keil at the New York Post from just three days ago..."Ousted Fannie Mae CEO Daniel Mudd continues to live in an opulent Washington, DC, mansion replete with expansive gardens, servants' quarters and a home theater. Mudd, whose former company," Fannie Mae..."is being bailed out by billions in taxpayer dollars, calls home a 22-room Colonial mansion on Newark Street in tony Cleveland Park, built on the former property of President Grover Cleveland. The eight-bedroom, eight-bath pad includes large public rooms with fireplaces, a home theater, a gym, a wine cellar, a solarium, servants' quarters, a terrace off the master-bedroom suite, and a gourmet kitchen.&nbsp; The gated, landscaped property also features a pool, fountains, gardens and a guesthouse...&nbsp; </P>
<P dir=ltr style="MARGIN-RIGHT: 0px">..."Under the terms of his employment contract...Mudd could collect $9.3 million in severance pay, retirement benefits and compensation, as long as his dismissal was 'without cause.' His salary last year was $900,000, although in a radio interview last month, he didn't deny reports that he raked in a total of $43 million in stock options, bonuses and overall compensation through the years."</P>
<P dir=ltr style="MARGIN-RIGHT: 0px">So you add this to Franklin Raines' 100 million and Jim Johnson, what he ever got out of it, and Jamie Gorelick's part of the group that got $75 million out of Fannie Mae, and you see precisely what this was.&nbsp; It was indeed a Democrat Party piggy bank disguised as a lending agency for people who couldn't afford anything."<BR><BR><STRONG>UPDATE IV:</STRONG> <A href="http://directorblue.blogspot.com/2008/09/obamonpoly.html" target=_blank>Obamanopoly</A><BR><BR><STRONG>UPDATE V:</STRONG> <A href="http://www.humanevents.com/article.php?id=28616" target=_blank>Buchanon</A>: "Government must save us!" cries the left, as ever. Yet, who got us into this mess if not the government -- the Fed with its easy money, Bush with his profligate spending, and Congress and the SEC by liberating Wall Street and failing to step in and stop the drunken orgy?"<BR><BR><A href="http://www.cnn.com/2008/POLITICS/09/17/beck.wallstreet/index.html" target=_blank>Beck:</A> "More than 150 years later, after surviving the Great Depression, Black Monday, the savings and loan crisis and the dot-com bust, Lehman Brothers filed for bankruptcy protection. They had gone 14 years as a public company without ever reporting a single quarterly loss. Now they will never again post a profit.</P>
<P _extended="true">Bear Stearns' story is eerily similar. Founded in 1923. Survived every crisis. Never posted a quarterly loss until last year. Gone without a trace.</P>
<P _extended="true">So how did 235 years of rock-solid American finance disappear virtually overnight? Well, it's not as complicated as you think."<BR><BR><A href="http://hotair.com/archives/2008/09/19/mccain-ad-jim-johnson/" target=_blank>Hot Air:</A> "Jim Johnson represents more of a challenge for Obama.&nbsp; He was no mere “informal adviser”; Johnson bundled money for Obama, and at least briefly <A href="http://hotair.com/archives/2008/06/04/obama-veep-search-has-a-colorful-cast-of-characters/">helped run his VP selection committee</A>.&nbsp; What else did Johnson do?&nbsp; He took over <A href="http://hotair.com/archives/2008/06/04/obama-veep-search-has-a-colorful-cast-of-characters/">$2 million in sweetheart-deal loans</A> from Countrywide Mortgage, through the “Friends of Angelo” program, while Fannie Mae did business with Countrywide.&nbsp; He hid <A href="http://www.washingtonpost.com/wp-dyn/content/article/2008/06/10/AR2008061003475_pf.html">two-thirds of his executive compensation</A> at Fannie through evasive techniques designed to disguise it."&nbsp;<BR><BR><A href="http://michellemalkin.com/2008/09/19/the-mother-of-all-bailouts-the-death-of-fiscal-conservatism/" target=_blank>Malkin:</A>&nbsp;<BR><BR><IMG src="http://images.quickblogcast.com/108624-101459/1agrave1.jpg" width=220 border=0><BR><BR>“Bold” = Massively massive, taxpayer-funded rescue.<BR>“Stability” = Privatizing profits and socializing losses on a scale we have never seen before in our lifetimes.<BR><BR><STRONG>UPDATE VI:</STRONG> A good history and background of what happened: I was right...but I've got experience in real estate, I LIVED history...yuk yuk; excerpt: "The HUD secretary is also required to produce voluminous rules that govern how the GSEs meet those goals, and the 187-page rules Cuomo issued opened the door to abuse...The rules explicitly rejected the idea of imposing any new reporting requirements on the GSEs. In other words, HUD wanted Fannie and Freddie to buy risky loans, but the department didn't want to hear just how risky they were." <A href="/bcCreateEntry.aspx?id=1635247">/bcCreateEntry.aspx?id=1635247</A></P>]]></content>
	</entry>
	<entry>
		<title>Let's Just Socialize Everything And Get It Over With - Part IV</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/09/18/lets-just-socialize-everything-and-get-it-over-with--part-iv.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-09-18:f10c093c-c202-4cd4-807d-0233dc7d6689</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Politics" />
		<category term="Economics" />
		<updated>2008-09-18T15:19:20Z</updated>
		<published>2008-09-18T14:32:00Z</published>
		<content type="html"><![CDATA[<P><IMG src="http://images.quickblogcast.com/108624-101459/united_socialist_states.jpg" width=300 border=0><BR><BR>Sometimes the words you want to write have already been written or spoken...<BR><BR><A href="http://www.rushlimbaugh.com/home/daily/site_091708/content/01125110.guest.html" target=_blank>RUSH LIMBAUGH</A>: We are on the verge, ladies and gentlemen, of becoming a socialist country.&nbsp; The federal government now owns 80% of AIG, my insurer.&nbsp; That means that you are going to be propping up the outfit that insures me.&nbsp; I'm going to be, too, but so are you.&nbsp; If you want to fix AIG, put the guy who built it back in there, Maurice Hank Greenberg, not to be confused with Hank Ace Greenberg who ran Bear Stearns.&nbsp; Where's that now, by the way?&nbsp; </P>
<P>We have a socialist retirement system.&nbsp; We have a socialist health care system for the elderly.&nbsp; We have automobile and aviation companies on the verge of bankruptcy or government ownership due to legislation and regulation in oil prices that could be half of what they are if Congress got out of the way.</P>
<P>...This election puts the private sector directly at odds with the public sector.&nbsp; And we are about to find out which will control the vast majority of jobs and wealth creation in this country.&nbsp; Committed liberals, socialists are in charge of both houses of Congress, the media is pushing them over the finish line in November, trying to.&nbsp; They are salivating at the chance to keep this ball rolling...Barack Obama is not just the most liberal senator in the country.&nbsp; Barack Obama is a committed socialist, trained by Marxists like Saul Alinsky who bows at the feet of Jeremiah Wright.</P>
<P>...By the way, how is the state of Illinois being run by Obama, Daley, Durbin, et cetera?&nbsp; Let's look at some things here.&nbsp; Change Chicago style, body count.&nbsp; In the last six months, 292 people have been murdered in Chicago, 221 have died in Iraq.&nbsp; Senators Obama and Durbin, Jesse Jackson, Jr., Governor Rod Blagojevich, House Leader Mike Madigan, Attorney General Lisa Madigan, the daughter of Mike Madigan, Mayor Richard Daley, son of Mayor Richard Daley, our leadership in Illinois, all Democrats.&nbsp; Look at the murder rate.&nbsp; It's a combat zone in Chicago.&nbsp; Of course, they're all blaming each other.&nbsp; They can't blame any Republicans in Chicago because there aren't any.&nbsp; The state pension fund, Illinois, $44 billion in debt, worst in the country.&nbsp; Cook County, Chicago, sales tax, 10.25%, highest in the country.&nbsp; Look it up if you want.&nbsp; Chicago school system, one of the worst in the country, the students there just protested!&nbsp; This is the political culture that Obama comes from in Illinois.&nbsp; He is going to fix Washington politics?&nbsp; </P>
<P>I mentioned Michigan, look at Michigan.&nbsp; [editor: go ahead, <A href="http://blog.madpuppy.com/categories/Michigan.aspx">here</A> is a link to numerous Michigan posts] Liberals wreak havoc with everything they touch.&nbsp; They wrecked the mortgage industry.&nbsp; They're wrecking the oil industry.&nbsp; They have wrecked retirement and elderly health care systems.&nbsp; They are hell-bent on wrecking the rest of the health care industry.</P>
<P>...The issue is the wrong kind of regulation, the wrong kind of regulating.&nbsp; To say that any industry in this country is free of regulation is utterly ignorant.&nbsp; You cannot build an extension on your home without receiving an endless number of permits from local government.&nbsp; Hell, half the time you can't build a house where you want to build it because you gotta walk a tightrope and a minefield of environmentalist wacko regulations, stupid tax laws from your local community.&nbsp; In some places -- ahem -- you even have to get permission for the color of your house you're going to paint.&nbsp; Ahem.&nbsp; Some places you have to submit plans for the interior decorations that you are going to have.&nbsp; In some places don't you dare fly an American flag.&nbsp; And certain times of the year, don't you dare turn your lights on in your backyard because some turtles might head in the wrong direction, even when the turtles aren't there for three months, you can't turn your lights on in certain places in this country.&nbsp; We are so over-relegated, it's absurd!&nbsp; </P>
<P>And now they want even more regulation, not just more regulation, they want to run the outfits they have been regulating...<BR><BR>Government has got to recede from the market.&nbsp; Government must stop the imposition of political decisions in lieu of sound market decisions.&nbsp; A lot of people have gotten very rich from all this.&nbsp; See, that's the dirty little secret.&nbsp; Franklin Raines, a hundred million dollars in like seven years, running Fannie Mae into the ground, former Clinton administration official, now an Obama economic adviser.&nbsp; This is not American capitalism, what we're watching.&nbsp; As we sit here today, more and more areas of the economy are essentially being nationalized.&nbsp; The government is taking over the responsibility for more and more of these businesses.&nbsp; And I'll tell you, the auto companies, they're asking, they're knocking on the door, the airline industry, they're going to be next.&nbsp; The sad thing is executives of these places might welcome all of this.&nbsp; Get rid of the responsibility they have, they think.&nbsp; This is the same government, keep this in mind, my good friends, this is the same government that has imposed trillions and trillions of dollars in debt on our society through irresponsible and unsound entitlement programs, has no intention of stopping, and as I say, while they ran your mortgage industry into the ground, while they sat by and watched because of their own actions the value of your house plummet, they attack Big Oil as corrupt, they attack Wal-Mart, they attack Big Insurance, they attack Big Fast Food, they attack Big Trans-Fat, they attack Big Pharma.&nbsp; </P>
<P>Their enemies list is the private sector of this country where you work.&nbsp; Their enemy, all of their enemies, are your employers.&nbsp; You have it, you can see, side by side, A-B comparison, government runs mortgages, what happens?&nbsp; Government gets in charge and runs health care, what happens?&nbsp; Government gets in charge, fixes poverty, Great Society, what happens?&nbsp; Affirmative action, feminism, you talk about creating a meaner America?&nbsp; It's liberal policies that pit groups of Americans against one another, on purpose.&nbsp; There needs to be a cleansing of this process at some point, folks.&nbsp; Either we take control of events and address them now or events will take control with disastrous consequences, if not for us, surely the next generation or two.&nbsp; And all those people making these decisions today, the members of Congress and all that will be long gone, but your kids and grandkids will not.</P>]]></content>
	</entry>
	<entry>
		<title>And The Hits (Pieces) Just Keep On Coming</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/09/17/and-the-hit-pieces-just-keep-on-coming.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-09-17:c7cb1870-9a92-4906-a06a-b41673ea178d</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Politics" />
		<updated>2008-09-17T15:36:55Z</updated>
		<published>2008-09-17T15:32:00Z</published>
		<content type="html"><![CDATA[<P>Just --- oh, assholes, I guess...I don't care what you think about Bush, Cheney, Karl Rove, McCain, or anybody else, Obama and his supporters are the slimiest scum I have ever seen. Don't believe me, go to CNN.com, and read the comments at the end of any story that contains the words "McCain" or "Palin". Go ahead, I'll wait...<BR><BR>Here's a&nbsp;look at an Associated Press (discredited time and time again, yet still supplying stories to the major media and having them used) story that is just plain distortion. The headline reads: "Palin supports $600 million 'other' bridge project." Here's the opening quote:</P>
<P>"Gov. Sarah Palin may eventually have said "no thanks" to a federally funded Bridge to Nowhere. <BR>But a bridge to her hometown of Wasilla, that's a different story.</P>
<P>A $600 million bridge and highway project to link Alaska's largest city to Palin's town of 7,000 residents is moving full speed ahead, despite concerns the bridge could worsen some commuting and threaten a population of beluga whales." [oh my God!! Not the whales! wail! wail! wail!]</P>
<P>You have to get to paragraph 5 before you get this: </P>
<P>"A Democratic council member in Anchorage will try Tuesday to spike the city's sponsorship of the project, which Palin supports <U>with some reservations</U>." [emphasis added].</P>
<P>And you finally get this at paragraphs 12 &amp; 13: </P>
<P>"Palin still supports the second bridge, officially named Don Young's Way in honor of the congressman. <U>She called for a review of the bridge's financing plans and raised concerns about its financial risks for the state.</U> [emphasis added] Still, the planning process is marching forward.</P>
<P>"Governor Palin's demand for accountability and transparency around this project is exactly what she has called for across the board to ensure taxpayers' dollars are being used wisely," spokeswoman Maria Comella said." <BR><BR>It seems to me a very prudent person, a reformer, running for vice president even, like Palin, would call for a review of the damn thing if there were questions - exactly what she has done.</P>
<P>Once again, a headline written to make her look bad and the actual facts buried in the story. Standard operating procedure for The One's media minions. </P>
<P>Now, the link regarding an analysis of this story on Powerline is here: <A href="http://www.powerlineblog.com/archives2/2008/09/021535.php">http://www.powerlineblog.com/archives2/2008/09/021535.php</A></P>
<P>The Powerline article, complete with 3 maps, shows that this story is just a pack of lies designed to continue the attack on Gov. Palin, and thus hurt the McCain/Palin ticket. The idea that a major contributor to newspapers around the world would write an article this full of bullshit still boggles my mind, even after the last 20 years or so of watching the media do exactly that. Just as mind-boggling are those people who continue to believe them. And THAT is almost as mind-boggling as anybody wanting The Obamanation to happen.</P>]]></content>
	</entry>
	<entry>
		<title>The Mad Puppy Is Still Mad</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/09/10/the-mad-puppy-is-still-mad.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-09-10:016bfc8b-2f67-4540-9400-10b594898e52</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Politics" />
		<updated>2008-09-10T15:20:28Z</updated>
		<published>2008-09-10T14:30:00Z</published>
		<content type="html"><![CDATA[<P>Ok, I'm voting for McCain/Palin. The governor from the great state of Alaska has made the difference on what she stands for and what she has done in Alaska. I don't agree with everything but there appears to be a certain honesty about her, common sense,&nbsp;and a breathe of fresh air. I have been absolutely incensed over the way the leftists in this country have raped her on countless stories that shouldn't even be issues, just reminding me and a lot of voters just what scum they are. Unless she is convicted of murder between now and the election they've got my vote.<BR><BR>Having said that, the fundamental problems facing the country are still not being addressed. Ron Paul brought those issues to the forefront of the Republican debates, and even the so-called conservatives ignored them. But since then the housing bubble has burst even further, nationalization - let me repeat that one - nationalization of the two biggest mortgage entities in the country has taken place, a stimulus package has been passed with another being talked about, and loan guarantees - bipartisan - to the auto companies is in the works. This is NOT a free market.<BR><BR>Other than basic honesty - there is NONE on the left's side of things, and the right is being coy on some things themselves - and the trashing of Palin, there isn't any difference in the political philosophies of the two parties. It's simply a matter of degrees. <BR><BR>Dr. Paul <A href="http://www.campaignforliberty.com/blog/?p=483" target=_blank>addressed those issues</A> today in a press conference. Quote: "The two parties and their candidates have no real disagreements on foreign policy, monetary policy, privacy issues, or the welfare state. They both are willing to abuse the Rule of Law and ignore constitutional restraint on Executive Powers. Neither major party champions free markets and private-property ownership."<BR><BR>Paul's&nbsp;speech at his convention last week in Minnesota is summarized by Anthony Gregory at the <A href="http://www.lewrockwell.com/blog/" target=_blank>Lew Rockwell Blog</A>:<BR><BR>"No income tax, no fed, no drug war, no gun control, no monetary fraud, no welfare state, no police state, no torture, no spying, no conscription, no censorship, no fascism and no socialism. And he explained all the classic issues, went into non-aggression, personal responsibility, property rights and the environment. He gave the whole libertarian run-down in an hour, from gold to hemp, from habeas corpus to the problems with the Hamiltonians. </P>
<P>Meanwhile, the Libertarian Party has continued to distance itself from radicalism, from libertarian principle, from a comprehensive platform of fundamental change. It has moved rightward and stateward, while Ron Paul has moved many conservatives, liberals, independents and others toward the libertarian plumbline."<BR><BR>Neither major party, its candidates, nor its supporters are willing to tackle this stuff. I don't get it, how this stuff doesn't resonate with voters who will tell pollsters that they do not like the direction the country is going in. The direction is towards European-style socialism and one-world United Nations-ism. But they continue to vote for business as usual, and in spite of Mrs. Palin and the Maverick going to Washington nothing's going to change. I like her, and will vote for her (plus, anything to keep the disaster that the socialist Obamanation represents), but my - and libertarians everywhere - issues are not going to get any attention or action.<BR><BR><BR></P>]]></content>
	</entry>
	<entry>
		<title>Liberal Policies Come Home To Roost</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/09/08/liberal-policies-come-hoome-to-roost.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-09-08:c1e316b5-7bf0-42fd-805e-26ca9b0df568</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Politics" />
		<category term="Economics" />
		<updated>2008-09-17T15:45:22Z</updated>
		<published>2008-09-08T12:02:00Z</published>
		<content type="html"><![CDATA[<P dir=ltr style="MARGIN-RIGHT: 0px">In spite of some Republican/semi-conservative presidents and a Congress controlled by Republican/semi-conservative in the 90's, most of the policies of the federal government over the last 70 years or so fall under the Democrat/liberal banner. Roosevelt's entire program, Eisenhower was definitely not conservative, Carter, Clinton, Ford - all were liberal to moderate in their politics. And except for the aforementioned Republican&nbsp;Congress, its been all Democrat the majority of the time. Including the idiots running it now, Pelosi and Reid and their ilk.<BR><BR>Thus, the&nbsp;economy is the way it is. Here's just 3 examples of liberal policy impacting most recently:<BR><BR><STRONG>Housing/financial markets:</STRONG> just yesterday the federal government "seized" control of Fannie Mae and Freddie Mac, the 2 giant players in the mortgage market. They are sort-of quasi-government entities, whatever that means, but it does mean they are not private corporations. But anyway, they have failed and are getting bailed out. As <SPAN class=home_author>C. Edmund Wright writes at <A href="http://www.americanthinker.com/blog/2008/09/fannie_and_freddie_gop_cleanin.html" target=_blank>The American Thinker</A>:<BR><BR>"Stock picking guru Jim Cramer, who applauded the move by Paulson, admitted that Fannie and Freddie were in the back pockets of Democrats in Congress. Cramer is normally a big Democrat, though his opinions today indicate that he would be doing intellectual gymnastics to stay that way. These are the two lenders, by the way, that&nbsp; donated millions to Jesse Jackson's various racial organizations over the years. These are the two organizations that backstopped big liberal Anthony Mozillo as his Countrywide Mortgage Corporation sold "predatory" mortgages to undeserving (and apparently financially illiterate) borrowers over the years so he could hand out sweetheart deals to congressional Democrats like Chris Dodd and others.</SPAN></P><SPAN class=home_author>
<P dir=ltr style="MARGIN-RIGHT: 0px">Warren Buffet, the billionaire investor, also applauded the move by Paulson as "exactly the right thing" to do&nbsp;and indicated that these problems are decades in the making. Buffet was mum on the fact that these institutions are the Democrat's babies and did not elaborate on just what "decades in the making" meant. <BR><BR>Many of the so-called <U>"creative mortgages" were designed in response to politically correct and racially motivated legislation demanding that lenders have more minorities in their customer portfolio</U>. [emphasis added] Again, this was not something that came from the right side of the aisle." <BR><BR>None of the Ron Paul libertarians like the move but as Treasury Secretary Hank Paulson said this morning on CNBC's Squawk Box, "I'm not happy about it...but it had to be done. I have to fight the battle that is in front of me." Paulson went on to say that the problem with Fannie and Freddie were ingrained in their respective charters, which is to say put together by Democrat controlled congresses decades ago. <A href="http://www.americanthinker.com/blog/2008/09/another_fine_mess.html" target=_blank>Here</A>'s more on Clinton's role.<BR></SPAN><BR><STRONG>Auto industry:</STRONG> In a perfect free market world, the auto companies would be left to fend for themselves. Cold, you say? Nope. Just that when you are in business and you screw up so totally that you have to go out of business, well, you should go out of business. Not that that would be good for Michigan. In fact, it would be a disaster.&nbsp;But the politicians never miss a reason to raise taxes and get the government more involved. What better than a "job-saving" bailout?<BR><BR>In any event, soaring gas prices are the biggest problem for the auto companies. And its the liberal energy policies - and those are NOT those of Bush and the Republicans as loud-mouth Pelosi likes to claim - that are causing the problem. No drilling anywhere and increasing&nbsp;prices are what they want in the name of global warming and forcing people to drive smaller cars. All this while the big 3 keep pumping out SUV's. And since Pelosi/Reid have run Congress the price of gas had almost doubled. Why? Well, liberal federal reserve policy contributed, destroying the value of the dollar. China has become a gas guzzler, messing with world demand. But mostly it's because of the liberal moratorium on offshore drilling and putting ANWR off limits. This sends a very clear signal to the market: America ain't gonna increase supplies because they are not going to produce anymore. Supply and demand: demand up, supply stays the same, price up.<BR><BR>Now the auto companies want their bailout, up to <A href="http://www.detnews.com/apps/pbcs.dll/article?AID=/20080908/AUTO01/809080377/1148" target=_blank>$50 billion in loan guarantees</A>. Both parties are jockeying for position on this and it will probably get done.<BR><BR><STRONG>Jobs overseas:</STRONG> major American companies do not want to uproot everything and leave the country just for the hell of it. (See <A href="http://blog.madpuppy.com/2008/06/12/budweiser-no-longer-american.aspx" target=_blank>this</A>) And its usually not over employee costs alone, but that is a factor too, considering how much the government costs a company in this area, too. But their are basically 2 reasons it happens: foreign companies buy American companies and move them, and corporate tax policy. The U.S. has the 2nd highest corporate tax rate in the world. When you are talking hundreds of billions of dollars in taxes, corporate boards have a duty to their shareholders - remember who that is: retirement funds, individual people, investors, etc. - to make the best profit they can. Taxes are huge, and a staple of liberal tax policy.&nbsp;And when a foreign company buys out an American one they move to the lower overseas tax country.<BR><BR>The Fed, corporate taxes, energy policy, unions (supporting liberal candidates almost exclusively), politically correct but stupid legislation: all continue to contribute to the mess we are currently in.<BR><BR><STRONG>UPDATE:</STRONG> Sixty-two percent (62%) of voters say encouraging economic growth in America is more important than closing the gap between the rich and poor, and the best way to do that is for the government to move out of the way, according to the latest <A href="http://www.rasmussenreports.com/public_content/politics/issues2/most_voters_say_encouraging_economic_growth_is_key_but_big_government_is_not_the_solution" target=_blank>Rasmussen poll</A>. Not surprisingly, it breaks down between Republicans and Democrats. So, as much as I rant against the professional socialists it appears that their supporters really love socialism, too. Hey folks, here's a hint: try Europe.<BR><BR><STRONG>UPDATE II:</STRONG> <A href="http://www.cato-at-liberty.org/2008/09/10/tax-revolution-continues-in-2008/" target=_blank>Chris Edwards</A> over at Cato posts a story on corporate tax rates and its effect on jobs going overseas:<BR><BR>"KPMG has released its annual survey of worldwide corporate tax rates. Here are some of the results:</P>
<UL>
<LI>Corporate tax rates continued to fall around the world in 2008. </LI>
<LI>The average corporate tax rate across 106 countries surveyed was 26 percent. By comparison, the U.S. corporate tax rate is 40 percent. </LI>
<LI>The average rate across the 30 OECD industrial nations is down from 38 percent in 1996 to 27 percent today. </LI>
<LI>The average rate across the European Union countries is down from 38 percent in 1996 to just 23 percent today...</LI></UL>
<P dir=ltr style="MARGIN-RIGHT: 0px">&nbsp;In part, America’s failure to reform its corporate tax threatens to:</P>
<UL dir=ltr>
<LI>
<DIV style="MARGIN-RIGHT: 0px">Induce more U.S. corporations to move more of their investment to foreign locations such as Ireland and China. </DIV></LI>
<LI>
<DIV style="MARGIN-RIGHT: 0px">Induce more foreign corporations to avoid the United States when choosing the location for their next computer, automobile, or pharmaceutical plant. </DIV></LI>
<LI>
<DIV style="MARGIN-RIGHT: 0px">Induce corporations to work even harder to change their legal structure, operations, and international transactions to minimize their reported U.S. profits. </DIV></LI>
<LI>
<DIV style="MARGIN-RIGHT: 0px">Give U.S. multinational corporations even more reason to keep their foreign earnings parked abroad rather than to send them back to U.S. headquarters. </DIV></LI>
<LI>
<DIV style="MARGIN-RIGHT: 0px">All these decisions will reduce American economic productivity, and thus reduce wage rates for average U.S. workers over time. </DIV></LI>
<LI>
<DIV style="MARGIN-RIGHT: 0px">And, unfortunately, all these changes will likely induce more breast-beating from politicians on Capitol Hill about ”Benedict Arnold” companies moving investment and profits offshore. "</DIV></LI></UL>
<P style="MARGIN-RIGHT: 0px"><STRONG>UPDATE III:</STRONG> One group - libertarians of the Austrian school of economics persuasion - has been trying to draw attention to this stuff for decades, and nobody listened. The only politician saying that these policies are wrong was - you guessed it - Ron Paul. And now from Hot Air regarding the mortgage bailouts:<BR>&nbsp;<BR>"But it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street's most revered institutions.<BR>Tough new regulations forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties."&nbsp; <BR>&nbsp;<BR>Of course, the REALTORS - I'm one - home builders, and lenders loved it. At least the leadership loved it. A few of us member peons voiced our objections, but no one listened.<BR>&nbsp;<BR>Articles: <A href="http://hotair.com/archives/2008/09/16/whose-policies-led-to-the-credit-crisis/">http://hotair.com/archives/2008/09/16/whose-policies-led-to-the-credit-crisis/</A><BR>&nbsp;<BR>Lew Rockwell's not exactly a water-carrier for the Republicans: <BR><A href="http://www.mises.org/story/3108">http://www.mises.org/story/3108</A><BR>&nbsp;<BR>In any event, the economy going down the tubes would be the best thing to happen for the Democrats. Yes, they want more pain and suffering so they can use it to get elected. Nice people that they, of course, are.<BR>&nbsp;<BR>"Wall Street turmoil gives Dems opening"; right out of the Democrat's news arm, CNN:<BR><A href="http://www.cnn.com/2008/POLITICS/09/16/candidates.wall.street/index.html">http://www.cnn.com/2008/POLITICS/09/16/candidates.wall.street/index.html</A></P>]]></content>
	</entry>
	<entry>
		<title>60% Of Voters Say Supreme Court Should Base Rulings On Constitution</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/09/06/60-of-voters-say-supreme-court-should-base-rulings-on-constitution.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-09-06:508f3e5b-12c9-44b4-9445-70a26eb0bb93</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Politics" />
		<updated>2008-09-06T10:40:55Z</updated>
		<published>2008-09-06T10:08:00Z</published>
		<content type="html"><![CDATA[<P>Well, that's great! 60% of the populace knows what the Supreme Court is supposed to do. The other 40% apparently haven't got a clue. Your public schools in action? Who knows. But that's how&nbsp;Washington, Jefferson, Adams, Franklin, et al set it up. And if you want to change something in the Constitution you get an amendment passed. It's not supposed to be an easy thing to do. Those old, dead white guys knew that the latest political whim or the newest Messiah shouldn't be able to just change the thing at whim.<BR><BR>According to the latest <A href="http://www.rasmussenreports.com/public_content/politics/mood_of_america/supreme_court_ratings/supreme_court_update" target=_blank>Rasmussen research</A>&nbsp;thirty-two percent (32%) of likely voters say the Supreme Court is doing a good or excellent job. This number went up, according to Rasmussen, after the 2nd Amendment case ruling against the D.C. gun law.</P>
<P>While 82% of voters who support McCain believe the justices should rule on what is in the Constitution, just 29% of Barack Obama’s supporters agree. This is no surprise. The libs for years have looked at the Supremes as the way to circumvent those parts of the Constitution that they don't like because they can't get a Constitutional amendment through. Just 11% of McCain supporters say judges should rule based on the judge’s sense of fairness, while nearly half (49%) of Obama supporters agree. Despite the fact that amendments are the process to change the doc, the other problem with ruling&nbsp;on a sense of fairness is: who gets to define fairness? Bill Clinton? It depends on what your definition of "is" is? Right...<BR><BR>In terms of how the Supreme Court currently makes decisions, just 42% think the justices rule from what is in the Constitution, which is the main criticism of the court from the right and the Ron Paul supporters.</P>
<P>The latest Rasmussen survey found that just 9% say Congress is doing a good or excellent job. This is probably the worse rating for Congress in history. Congress, since 2006, has been run by Pelosi and Reid, socialists and idiots. More on Tweedle Dum and Tweedle Dummer <A href="http://blog.madpuppy.com/2008/08/04/public-enemies--1--2.aspx" target=_blank>here</A>.</P>]]></content>
	</entry>
	<entry>
		<title>Sarah Palin Kicks Ass And Takes Names</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/09/04/sarah-palin-kicks-ass-and-takes-names.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-09-04:c9266382-7daa-40c2-aad3-bf1707debc0e</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Politics" />
		<updated>2008-09-07T13:43:08Z</updated>
		<published>2008-09-04T14:00:00Z</published>
		<content type="html"><![CDATA[<P>She did it with class and humor and with a&nbsp;bad teleprompter. The Obamanation is stunned, but not into silence. No way, the cretins will continue right up - and past - the election. In the meantime:<BR><BR><STRONG>BUMP &amp; UPDATE:</STRONG> From Jimmy Kimmel; bet she would laugh her butt off at this:<BR><BR><EMBED src=http://www.youtube.com/v/3xMJ7l_Xa70&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;hl=en&amp;fs=1 width=425 height=344 type=application/x-shockwave-flash allowfullscreen="true"><BR></EMBED><BR><IMG src="http://images.quickblogcast.com/108624-101459/cold_night_hot_gov.jpg" width=450 border=0><BR><BR><STRONG>UPDATE V:</STRONG> Sterling Heights rally:<BR><BR><IMG src="http://images.quickblogcast.com/108624-101459/red_wings_and_palin.jpg" width=320 border=0><BR><BR><IMG src="http://images.quickblogcast.com/108624-101459/saracuda.jpg" width=575 border=0><BR><BR><STRONG>UPDATE IV:</STRONG> Check the song!!<BR><IFRAME style="BACKGROUND-COLOR: white" src="http://www.c-spanarchives.org/flash/player_embed.php?pid=280797-1&amp;start=14970.83&amp;stop=15243.61&amp;noautoplay=1" frameBorder=0 width=370 height=375></IFRAME><BR><IMG src="http://images.quickblogcast.com/108624-101459/hockeymomsforPALIN.jpg" width=600 border=0><BR><BR><IMG src="http://images.quickblogcast.com/108624-101459/palin_bicep.jpg" width=165 border=0><BR><BR><IMG src="http://images.quickblogcast.com/108624-101459/TrueGrit.jpg" width=343 border=0><BR><BR><STRONG>UPDATE:</STRONG> A good article <A href="http://online.wsj.com/article/SB122057410046101771.html?mod=opinion_main_commentaries" target=_blank>here</A>.<BR><BR>And Newt:<BR><BR><EMBED src=http://www.youtube.com/v/JeTcE1E0wWI&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;hl=en&amp;fs=1 width=425 height=344 type=application/x-shockwave-flash allowfullscreen="true"><BR><BR><BR>And this, too:<BR></EMBED><EMBED src=http://www.youtube.com/v/ddRoiVWfLyU&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;hl=en&amp;fs=1 width=425 height=344 type=application/x-shockwave-flash allowfullscreen="true"><BR><BR>EVERY piece of crap they have thrown at her (so far: she ain't perfect and doesn't pretend to be, unlike The Messiah) has fallen off the wall and been shown to be what it is: leftist seek and destroy tactics. Do you really want people who are capab</EMBED>le of attacking her kids governing YOU?<BR><BR><STRONG>UPDATE II:</STRONG> <A href="http://news.bostonherald.com/news/opinion/columnists/view.bg?&amp;articleid=1117111&amp;format=&amp;page=1&amp;listingType=col#articleFull" target=_blank>This is a cool article</A>.<BR><BR><STRONG>UPDATE III:</STRONG> <A href="http://hotair.com/archives/2008/09/05/another-palin-smear-bites-the-dust/" target=_blank>Another smear bites the dust.</A><BR><BR><STRONG>FINAL UPDATE:</STRONG> At the Wisconsin stop, the first one after the convention:<BR>"More expansive but similarly enthusiastic was Cheryl Hauswirth of nearby Grafton, Wisconsin. </P>
<P>“She's a real women, she's a real feminist but she's not strident—she's like us,” said Hauswirth, a middle-aged mother who didn’t offer her age. “She’s strong, powerful and opinionated, all the things a women should be while still retaining her femininity, her womanhood.”<BR><BR>The whole point about Palin is that she is what feminism should have been about, not how it has been hijacked by the ultra-left, all abortion all the time, shrill, bitchy, Hillary worshipers, and the hypocrisy they represent. After all Bill put Hillary through, and all that she smiled and took, how IS she their star? She did everything opposite of what she was supposed to according to the feminist template, but she's pro-abortion, so nothing else matters. Well, they're getting a dose of the other 95% of feminists in town these days with Sarah as the new model.</P>]]></content>
	</entry>
	<entry>
		<title>Experience? You're Damn Right She Has Experience</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/09/03/experience-youre-damn-right-shes-got-experience.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-09-03:f97df9b1-8fb9-4f63-8e21-65105f6e4121</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Politics" />
		<updated>2008-09-03T15:07:10Z</updated>
		<published>2008-09-03T14:56:00Z</published>
		<content type="html"><![CDATA[<P>I'm reproducing this entire article from <EM>The American Spectator</EM> <A href="http://www.spectator.org/dsp_article.asp?art_id=13809" target=_blank>blog</A>&nbsp;but here's a quote: "...there is one thing of which we can be sure: If Sarah Palin had been in the Senate in 1973, she would not have been one of the five Senators opposing the Alaska Pipeline Bill." Unlike Joe Biden.<BR><BR><STRONG>A Negotiator Without Preconditions</STRONG><BR>By James P. Lucier <BR>Published 9/3/2008 12:08:20 AM<BR><BR>Would you trust Sarah Palin to negotiate with Mahmoud Ahmadinejad without preconditions?</P>
<P>Well, why not? </P>
<P>Palin came into the governor's office and found a mess on her desk. The oil deal struck by defeated Republican governor Frank Murkowski wasn't working. Through creative accounting by big oil and ambiguous reporting standards, the Murkowski plan just wasn't giving the State of Alaska the pay-off that was expected. So the former mayor of Wasilla (population 9,000, as the MSM always points out) demanded that the agreement be renegotiated and the terms be nailed down. <STRONG>They laughed when she sat down to negotiate, but in the end she had a new deal that delivered 50 percent of the oil revenues to the Alaska Permanent Fund, and enabled Palin to send a check for $1,200 to every qualified Alaskan citizen.</STRONG> [emphasis added]</P>
<P>Now one of the major companies involved was BP, a.k.a. British Petroleum, before that, the Anglo-Iranian Oil Company. It was Anglo-Iranian, at that time a British parastatal (70 percent owned by the British government and the Bank of England) that started the Middle East conflict in 1953. Anglo-Iranian was using creative accounting and payments to dummy corporations to pretend to the Iranian government that there was virtually no profit. They demanded that the Iranian government uphold the original contract made decades before. Prime Minister Mohammed Mossedegh threatened to nationalize Anglo-Iranian. The British responded with a naval blockade of Iranian ports. </P>
<P>The Americans stepped in to help. U.S. Ambassador George McGehee, an experienced former petroleum engineer, and Gen. Richard Walters, the linguistic wizard, huddled with Mossedegh in sessions in Washington and New York. They got him to agree to accept a 50-50 split, a reasonable proposal by the then international standard, similar to the contract that U.S.-owned Aramco had renegotiated with Saudi Arabia. But the British refused. Instead they plotted a coup against the Iranian government, and then prevailed upon on the incoming Eisenhower administration to implement it with the assistance of British agents on the ground. Iranian production was taken over by an international coalition that agreed to the 50-50 split. There was plenty enough blame to go around on all sides, but one of the first acts of Ayatollah Khomeini in 1979 was to toss out all foreign oil companies and confiscate their assets.</P>
<P>Today BP, the former Anglo-Iranian, is the third largest global energy corporation. It now claims to be privatized, and it is estimated that 70 percent of the shares are owned by British investors. At one time the Kuwait Investment Office held over 21 percent of the shares. It tried, and failed, to merge the two companies, but was blocked by a British government inquiry. Under Prime Minister Thatcher, the company went private and on a spending spree. BP bought up Standard Oil of Ohio (Sohio), Standard Oil of Indiana (Amoco) and Atlantic Richfield (Arco). BP became a major player in the U.S. petroleum industry, including Prudhoe Bay and the Alaska Pipeline. And despite its advertising campaign trying to suggest that BP means "Beyond Petroleum," the company has one of the worst environmental records in the United States with its refineries blowing up and its pipelines bursting, the result -- as testimony showed -- of parsimonious budgets for maintenance. It is a formidable corporation.</P>
<P>So enter the PTA community organizer from Wasilla. Without preconditions she took on a company that has a market cap of $205 billion and annual revenues of $291 billion in worldwide operations. Its budget is larger than that those of most sovereign countries, yet she won on her terms. If she can outsmart BP, the company that started the Middle East conflict, she can easily outsmart Ahmadinejad, if need be.</P>
<P>Then to follow up that act, she got the Alaskan Legislature to approve development of the TransCanada gas pipeline, a $40 billion deal that will go 1,715 miles from the treatment plant at Prudhoe Bay, Alaska, to the Alberta hub in Canada, from which it will be transferred to the United States. This project had been sitting around for 30 years on hold because the big energy companies didn't think it would be profitable, and their corrupt cronies in the legislature obediently kept it on the shelf. Crusading against corruption and negotiating across the aisle, Palin not only got it passed in record time, but opened up the bidding when the U.S. companies were reluctant to jump in. So she went ahead and awarded the contract to low-bidder TransCanada Alaska, a firm that has already built 36,000 miles of pipelines in North America. As a final fillip, the Governor signed the bill at the Alaska AFL-CIO biennial convention. While Barack Obama's solution to the energy problem is to urge us to check the air in our tires, Palin's solution is to start building a $40 billion gas pipeline, without Federal government assistance.</P>
<P><STRONG>SO HOW DOES </STRONG>the experience of Sarah Palin stack up against the experience of Joe Biden? There are some people who confuse seniority in the Senate with experience. In the Senate you get to be Chairman of something or other if you sit around long enough until all those with higher seniority pass out of the picture. Merit has nothing to do with it. That's how Biden got to be chairman of the U.S. Senate Foreign Relations Committee. </P>
<P>Most people don't realize that the SFRC is one of the dustier corners of the Senate, largely populated with snoozing Rhodes Scholars, UN-firsters, and people who intuitively know how to pronounce the name of Kyrgyzstan and how to use it in a sentence. Occasionally someone gets on the committee who is more interested in American relations with other countries, rather than their foreign relations with us, and that wakes up the committee. Usually, ambitious politicians go elsewhere. The committee's main business is to pass the Foreign Relations act, which authorizes money for the State Department and its overseas operations. Occasionally, a treaty wanders by. Sometimes the SFRC doesn't have the clout to get its bills to the Senate Floor, so it gets ignored while all of its functions are packaged into the appropriations bills, without new authorization. </P>
<P>No Senator on the Senate Foreign Relations Committee has authority under the U.S. Constitution to conduct foreign relations or to negotiate treaties. That's why Biden has no experience in foreign relations, and Palin does. He just talks about foreign policy, and talks...and talks. Biden's long tenure on the Senate Foreign Relations Committee is not necessarily a red badge of courage. He thinks he has experience, but most of his experience is wrong. We can look at a few examples of the results of his experience, and ask What Would Sara Palin Do?</P>
<P>If Sarah Palin were campaigning for President, she probably would not have made the centerpiece of that campaign a cockamamie plan to divide Iraq into three autonomous regions.</P>
<P>Sarah Palin probably would not have told General Petraeus that he was "dead flat wrong" on the surge.</P>
<P>Sarah Palin probably would not have voted against the first Gulf War.</P>
<P>Sarah Palin probably would not have opposed the United States designation of the Iranian Revolutionary Guards as a terrorist organization.</P>
<P>Sarah Palin probably would not have told top Israeli officials, as reported in the Israeli press, that Israel would just have to learn to live with a nuclear-armed Iran.</P>
<P>Sarah Palin probably would not have assumed that the answer to failed diplomatic negotiations with Iran was more diplomatic negotiations with Iran.</P>
<P>The word "probably" must be used because we can only speculate on the basis of her barracuda-like instincts. </P>
<P>But there is one thing of which we can be sure: If Sarah Palin had been in the Senate in 1973, she would not have been one of the five Senators opposing the Alaska Pipeline Bill. <BR><BR></P>]]></content>
	</entry>
	<entry>
		<title>The Obamanation At Work</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/09/03/the-obamanation-at-work.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-09-03:f2317b3a-5d6e-44b2-b262-38ff73509b7d</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Politics" />
		<updated>2008-09-03T15:11:17Z</updated>
		<published>2008-09-03T14:54:00Z</published>
		<content type="html"><![CDATA[<P><IMG src="http://images.quickblogcast.com/108624-101459/palin_press.jpg" width=600 border=0>&nbsp;</P>
<P><EM>Thanks to Atlas Shrugged.</EM></P>]]></content>
	</entry>
	<entry>
		<title>July Existing-Home Sales Show Gain</title>
		<link rel="alternate" href="http://blog.madpuppy.com/2008/09/03/july-existinghome-sales-show-gain.aspx?ref=rss" />
		<id>tag:blog.madpuppy.com,2008-09-03:4174aff4-3f14-41e7-a186-24e805c13064</id>
		<author>
			<name>Chris Furgerson</name>
		</author>
		<category term="Real Estate" />
		<updated>2008-09-03T14:54:06Z</updated>
		<published>2008-09-03T10:37:00Z</published>
		<content type="html"><![CDATA[Existing-home sales rose in July to the highest level in five months, although sales have hovered in a relatively narrow range over the past 11 months, according to the National Association of Realtors®.<BR><BR>Lawrence Yun, NAR chief economist, said home prices in some regions could soon increase. “Sales have picked up significantly in several Florida and California markets. Home prices generally follow sales trends after a few months of lag time,” he said. “Still, inventory remains high in many parts of the country and will require time to fully absorb. We expect more balanced conditions in 2009 and will eventually return to normal long-term appreciation patterns.”<BR><BR>Existing-home sales in the Midwest increased 0.9 percent to an annual rate of 1.12 million in July, but are 17.0 percent lower than July 2007. The median price in the Midwest was $175,400, up 1.0 percent from a year ago.<BR><BR><A href="http://www.realtor.org/press_room/news_releases/2008/july_ehs_show_gain" target=_blank>Here</A> is the entire article.]]></content>
	</entry>
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