I am a little behind the times politically today and maybe that is a good thing. I did take the time to watch Barack Obama deliver his first press conference. I tried the best I could to listen as an ordinary citizen (of which I would normally claim to be). ONLY today I have made the effort to be a ‘better informed citizen’ spending hours reading the constitution, pouring through economy sites and many other reference sites to try and figure out what lies ahead of us as a people in the USA and the world.
First things first. Trying objectively to listen to what Obama had to say as a citizen I thought BRAVO! This is exactly what the average citizen wants to hear. It had hope, drive, determination and optimism to get HIS JOB DONE.
I am a fairly savvy internet woman. I know what drives the internet and must say SOMEONE taught Obama well. I do not for one moment think he picked this up on his own. He is an excellent speaker (providing he is well prepped) and has a calm demeanor of authority.
What I also noticed were the stress line in his face. It is easy to see he is NOT AT ALL HAPPY with the turn of events these last couple of weeks. He emphasized more than once he inherited this problem which is true. However insinuating the Republicans (or opposition) is at fault is blatantly false.
Anyone with over a gnats brain capacity understands the forcing of the banks to loan housing money to people not qualified was the first domino pushed over in this current crisis. Who is to blame there? I would say just about everyone on both sides of the isle.
I can easily see how the average Joe who is busy fighting for the next house payment, dinner on the table for his 2 kids, wife, dog and cat could easily be seduced into a false calm. YES THE GOVERNMENT is the only one who can fix this.
Once the dust settled and my ‘ordinary citizen’ mindset lifted and ‘logic, reality and common sense’ crept back in I found myself saying HOGWASH!
THIS CAN NOT WORK. It does not take rocket science. Are not these people smart enough to understand this?
The answers are these:
1. Yes they do.
2. No they don’t
3. They do not care.
All of those answers make everyone supporting this particular bill a governmental FLOP.
None of those bode well for the USA citizen … NONE of us.
This is the bottom line.
I have always considered myself a share the wealth spender … meaning I kept my money churning … buy, buy, buy … whatever, whenever, wherever. Need it or not. I AM NOT RICH … probably as average as anyone. My husband says I am witless where money is concerned. From his perspective (the very conservative investor) he is absolutely right.
I want to scream at Obama … don’t you get it you half-wit? (I know name calling is not very nice but it is what I feel)
I as a citizen who is very free to spend … I REFUSE TO SPEND ONE DIME on anything but a necessity for now.
I DO NOT TRUST YOU!
I DO NOT TRUST THE BANKS!
I CERTAINLY DO NOT TRUST THE STOCK MARKET!
Now maybe it would be wise to understand that one grandmother may not be a bother to you and your stimulus want/need … but there are millions of us out here who think JUST LIKE ME.
I trust one thing … ME … MY ABILITY TO SURVIVE IN SPITE OF YOU!
I only hope there are enough of ME’s out there to withstand, kick, scream and stop you in orchestrating our destruction.
The biggest obstacle we (like me) face is the disbelief and denial that any of this could happen here in the USA.
Wake up folks … you are seeing this (up close and personal) for the first time on this level in our history.
If “we the people” do not quell this socialistic take over then none of us have anyone to blame but ourselves.
Here is what you face.
THERE ARE NOT going to be CREATED EVEN 500,000 jobs in the next few months. Instead you will see MORE SOUND SOLID business fail. What is passed so far WILL NOT create jobs immediately. We are no longer a nation creating much of anything. We are at the mercy of China, Mexico and any number of other countries for a good part of our food.
What is going to happen when those shortages begin to happen?
You think it can not happen here to us in the USA?
Well think again!
My brother said something interesting the other day.
“People think I am crazy for preparing for the worst … I tell them I would rather be prepared and nothing happen than have it happen and be stuck.”
Have you all considered maybe the WORST never visits those prepared?
The worst of what is happening here is NOT how indebted our children and grandchildren are going to be when this is all over.
THE WORST IS OUR GOVERNMENT IS RUNNING RENEGADE AGAINST 67% WILL OF THE PEOPLE AND NO ONE IN THE GOVERNMENT IS PAYING CARES.
Recently with the fourth bail out remember stimulus checks, $300 billion for housing, $700 billion for banks, of 900 billion or whatever it was Obama and his talking heads have been saying credible economist support the bail out course of action. To quote Mr. Obama “economists from across the political spectrum agree” on the need for massive government spending to stimulate the economy.
Nothing could be further from the truth. What Mr. Obama should have said was “economists on the government and democratic party payroll overwhelmingly support my redistribution of wealth and the march towards a combination of fascism and socialism as practiced by Hitler in the 1930’s.” I don’t know what schools these supposed economist went to but it wasn’t the University of Central Florida. Every economist I have read of recent times supports free trade and free markets.
There are some notable exceptions like fascist Paul Krugman of the New York Times, 2008 Nobel Prize recipient who supports government edicts from above telling industry what and how to produce things. Similar to the former USSR and their infamous five year economic plans. Yea Paul those five year plans were a smashing success weren’t they? Last time I checked Paul the USSR was out of business permanently. Environmental economists support socialism, fascism and communism because they know it retards and stunts economic growth and reduces man’s influence over the environment. It also has the added benefit of enslaving the human population to certain geographical areas so the animals of the world will not be intruded upon by humans. And as any economist will tell you retarded economic growth means fewer babies born. Well with the exception of Africa and other tribal regions of the world where indoor plumbing is a luxury. But with the exception of Krugman and people against humans pretty much all economist support liberty and freedom.
Now thanks to the CATO Institute we have full page ads in paper all around the country protesting Obama’s bail out plan and the march towards fascist socialism practiced by Hitler. People forget Hitler was a socialist first and a fascist second. Hitler realized that he needed private industry to carry out his plans of world domination. Private industry realized they could get very rich currying favor with the mad man. Mercedes Benz was the most famous benefactor of this relationship but there were many others making millions off the spoils of the dictator. So who do we see in the white house these days? None other than Jeffery Immelt current CEO of General electric. The genius that has seen his stock drop 68% under his tenure and kept his shop opened to Iran while that country was killing US servicemen. The first fascist to step forward into our new age of darkness. And how appropriate he actually helped the terrorist in killing US servicemen. Mr. Obama must be quite impressed with his dedication and service towards destroying America. If you can stand the stink GE stock would be a pretty good buy these days. Just don’t hold it to long. Eventually Mercedes stock toke a nose dive along with the Third Reich.
Thank you CATO you have been my hero for many years, with the exception of foreign policy of course.
Below is a list of economist who publicly disagree with Obama and his economic policies.
“There is no disagreement that we need action by our government, a recovery plan that will jumpstart the economy” President Obama 1/9/09.
With all due respect Mr. President, that is not true. There is no disagreement that we need action by our government, a recovery plan that will help to jump start the economy.
Notwithstanding reports that all economists are now Keynesian’s and that we all support a big increase in the burden of government, we the undersigned do not believe that more government spending is a way to improve economic performance.
More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan’s “lost decade” in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the U.S. today. To improve the economy, policy makers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth.
BURTON ABRAMS, Univ. of Delaware
DOUGLAS ADIE, Ohio University
LEE ADKINS, Oklahoma State University
WILLIAM ALBRECHT, Univ. of Iowa
RYAN AMACHER, Univ. of Texas at Arlington
J.J.ARIAS, Georgia College & State University
HOWARD BAETJER, JR., Towson University
CHARLES BAIRD, California State University, East Bay
STACIE BECK, Univ. of Delaware
DON BELLANTE, Univ. of South Florida
JAMES BENNETT, George Mason University
BRUCE BENSON, Florida State University
SANJAI BHAGAT, Univ. of Colorado at Boulder
MARK BILS, Univ. of Rochester
ALBERTO BISIN, New York University
WALTER BLOCK, Loyola University New Orleans
CECIL BOHANON, Ball State University
MICHELE BOLDRIN,Washington University in St. Louis
DONALD BOOTH, Chapman University
MICHAEL BORDO, Rutgers University
SAMUEL BOSTAPH, Univ. of Dallas
DONALD BOUDREAUX, George Mason University
SCOTT BRADFORD, Brigham Young University
GENEVIEVE BRIAND, Eastern Washington University
IVAN BRICK, Rutgers University
GEORGE BROWER, Moravian College
PHILLIP BRYSON, Brigham Young University
JAMES BUCHANAN, Nobel laureate
RICHARD BURDEKIN, Claremont McKenna College
RICHARD BURKHAUSER, Cornell University
EDWIN T. BURTON, Univ. of Virginia
JIM BUTKIEWICZ, Univ. of Delaware
HENRY BUTLER, Northwestern University
WILLIAM BUTOS, Trinity College
PETER CALCAGNO, College of Charleston
BRYAN CAPLAN, George Mason University
ART CARDEN, Rhodes College
JAMES CARDON, Brigham Young University
DUSTIN CHAMBERS, Salisbury University
EMILY CHAMLEE-WRIGHT, Beloit College
V.V. CHARI, Univ. of Minnesota
BARRY CHISWICK, Univ. of Illinois at Chicago
LAWRENCE CIMA, John Carroll University
J.R. CLARK, Univ. of Tennessee at Chattanooga
GIAN LUCA CLEMENTI, New York University
R.MORRIS COATS, Nicholls State University
JOHN COCHRAN, Metropolitan State College at Denver
JOHN COCHRANE, Univ. of Chicago
JOHN COGAN, Hoover Institution, Stanford University
LLOYD COHEN, George Mason University
JOHN COLEMAN, Duke University
BOYD COLLIER, Tarleton State University
ROBERT COLLINGE, Univ. of Texas at San Antonio
PETER COLWELL, Univ. of Illinois at Urbana-Champaign
MICHAEL CONNOLLY, Univ. of Miami
LEE COPPOCK, Univ. of Virginia
MARIO CRUCINI, Vanderbilt University
CHRISTOPHER CULP, Univ. of Chicago
KIRBY CUNDIFF, Northeastern State University
ANTONY DAVIES, Duquesne University
JOHN DAWSON, Appalachian State University
A. EDWARD DAY, Univ. of Texas at Dallas
CLARENCE DEITSCH, Ball State University
ALLAN DESERPA, Arizona State University
WILLIAM DEWALD, Ohio State University
ARTHUR DIAMOND, JR., Univ. of Nebraska at Omaha
JOHN DOBRA, Univ. of Nevada, Reno
JAMES DORN, Towson University
CHRISTOPHER DOUGLAS, Univ. of Michigan, Flint
FLOYD DUNCAN, Virginia Military Institute
FRANCIS EGAN, Trinity College
JOHN EGGER, Towson University
KENNETH ELZINGA, Univ. of Virginia
PAUL EVANS, Ohio State University
FRANK FALERO, California State University, Bakersfield
EUGENE FAMA, Univ. of Chicago
W. KEN FARR, Georgia College & State University
DANIEL FEENBERG, National Bureau
of Economic Research
HARTMUT FISCHER, Univ. of San Francisco
ERIC FISHER, California State Polytechnic University
FRED FOLDVARY, Santa Clara University
MURRAY FRANK, Univ. of Minnesota
PETER FRANK,Wingate University
TIMOTHY FUERST, Bowling Green State University
B. DELWORTH GARDNER, Brigham Young University
JOHN GAREN, Univ. of Kentucky
RICK GEDDES, Cornell University
AARON GELLMAN, Northwestern University
WILLIAM GERDES, Clarke College
JOSEPH GIACALONE, St. John’s University
MICHAEL GIBBS, Univ. of Chicago
OTIS GILLEY, Louisiana Tech University
STEPHAN GOHMANN, Univ. of Louisville
RODOLFO GONZALEZ, San Jose State University
RICHARD GORDON, Penn State University
PETER GORDON, Univ. of Southern California
ERNIE GOSS, Creighton University
PAUL GREGORY, Univ. of Houston
EARL GRINOLS, Baylor University
DANIEL GROPPER, Auburn University
R.W. HAFER, Southern Illinois University, Edwardsville
ARTHUR HALL, Univ. of Kansas
STEVE HANKE, Johns Hopkins University
STEPHEN HAPPEL, Arizona State University
RICHARD HART, Miami University
THOMAS HAZLETT, George Mason University
FRANK HEFNER, College of Charleston
SCOTT HEIN, Texas Tech University
RONALD HEINER, George Mason University
DAVID HENDERSON, Hoover Institution,
ROBERT HERREN, North Dakota State University
GAILEN HITE, Columbia University
STEVEN HORWITZ, St. Lawrence University
DANIEL HOUSER, George Mason University
JOHN HOWE, Univ. of Missouri, Columbia
JEFFREY HUMMEL, San Jose State University
BRUCE HUTCHINSON, Univ. of Tennessee at Chattanooga
BRIAN JACOBSEN,Wisconsin Lutheran College
SHERRY JARRELL,Wake Forest University
JASON JOHNSTON, Univ. of Pennsylvania
BOYAN JOVANOVIC, New York University
JONATHAN KARPOFF, Univ. of Washington
BARRY KEATING, Univ. of Notre Dame
NAVEEN KHANNA, Michigan State University
NICHOLAS KIEFER, Cornell University
DANIEL KLEIN, George Mason University
PAUL KOCH, Univ. of Kansas
NARAYANA KOCHERLAKOTA, Univ. of Minnesota
MAREK KOLAR, Delta College
ROGER KOPPL, Fairleigh Dickinson University
KISHORE KULKARNI, Metropolitan
State College of Denver
DEEPAK LAL, UCLA
GEORGE LANGELETT, South Dakota State University
JAMES LARRIVIERE, Spring Hill College
ROBERT LAWSON, Auburn University
JOHN LEVENDIS, Loyola University New Orleans
DAVID LEVINE,Washington University in St. Louis
PETER LEWIN, Univ. of Texas at Dallas
W. CRIS LEWIS, Utah State University
DEAN LILLARD, Cornell University
ZHENG LIU, Emory University
ALAN LOCKARD, Binghampton University
EDWARD LOPEZ, San Jose State University
JOHN R. LOTT, Jr., Univ. of Maryland
JOHN LUNN, Hope College
University in St. Louis
HENRY MANNE, George Mason University
MICHAEL MARLOW, California
Polytechnic State University
DERYL MARTIN, Tennessee Tech University
DALE MATCHECK, Northwood University
JOHN MATSUSAKA, Univ. of Southern California
THOMAS MAYOR, Univ. of Houston
DEIRDRE MCCLOSKEY, University of Illinois at Chicago
JOHN MCDERMOTT, Univ. of South Carolina
JOSEPH MCGARRITY, Univ. of Central Arkansas
ROGER MEINERS, Univ. of Texas at Arlington
ALLAN MELTZER, Carnegie Mellon University
JOHN MERRIFIELD, Univ. of Texas at San Antonio
JAMES MILLER III, George Mason University
JEFFREY MIRON, Harvard University
THOMAS MOELLER, Texas Christian University
JOHN MOORHOUSE,Wake Forest University
ANDREA MORO, Vanderbilt University
ANDREW MORRISS, Univ. of Illinois
MICHAEL MUNGER, Duke University
KEVIN MURPHY, Univ. of Southern California
DAVID MUSTARD, Univ. of Georgia
RICHARD MUTH, Emory University
CHARLES NELSON, Univ. of Washington
WILLIAM NISKANEN, Cato Institute
SETH NORTON, Wheaton College
LEE OHANIAN, UCLA
LYDIA ORTEGA, San Jose State University
EVAN OSBORNE, Wright State University
RANDALL PARKER, East Carolina University
ALLEN PARKMAN, Univ. of New Mexico
DONALD PARSONS, George Washington University
SAM PELTZMAN, Univ. of Chicago
TIMOTHY PERRI, Appalachian State University
MARK PERRY, Univ. of Michigan, Flint
CHRISTOPHER PHELAN, Univ. of Minnesota
GORDON PHILLIPS, Univ. of Maryland
MICHAEL PIPPENGER, Univ. of Alaska, Fairbanks
TOMASZ PISKORSKI, Columbia University
BRENNAN PLATT, Brigham Young University
JOSEPH POMYKALA, Towson University
WILLIAM POOLE, Univ. of Delaware
BARRY POULSON, Univ. of Colorado at Boulder
BENJAMIN POWELL, Suffolk University
EDWARD PRESCOTT, Nobel laureate
GARY QUINLIVAN, Saint Vincent College
REZA RAMAZANI, Saint Michael’s College
ADRIANO RAMPINI, Duke University
ERIC RASMUSEN, Indiana University
MARIO RIZZO, New York University
NANCY ROBERTS, Arizona State University
RICHARD ROLL, UCLA
ROBERT ROSSANA,Wayne State University
JAMES ROUMASSET, Univ. of Hawaii at Manoa
JOHN ROWE, Univ. of South Florida
CHARLES ROWLEY, George Mason University
JUAN RUBIO-RAMIREZ, Duke University
ROY RUFFIN, Univ. of Houston
KEVIN SALYER, Univ. of California, Davis
THOMAS SAVING, Texas A&M University
PAVEL SAVOR, Univ. of Pennsylvania
RONALD SCHMIDT, Univ. of Rochester
CARLOS SEIGLIE, Rutgers University
ALAN SHAPIRO, Univ. of Southern California
WILLIAM SHUGHART II, Univ. of Mississippi
CHARLES SKIPTON, Univ. of Tampa
JAMES SMITH,Western Carolina University
VERNON SMITH, Nobel laureate
LAWRENCE SOUTHWICK, JR., Univ. at Buffalo
DEAN STANSEL, Florida Gulf Coast University
HOUSTON STOKES, Univ. of Illinois at Chicago
BRIAN STROW,Western Kentucky University
SHIRLEY SVORNY, California State
JOHN TATOM, Indiana State University
WADE THOMAS, State University
of New York at Oneonta
HENRY THOMPSON, Auburn University
ALEX TOKAREV, The King’s College
EDWARD TOWER, Duke University
LEO TROY, Rutgers University
WILLIAM TRUMBULL,West Virginia University
DAVID TUERCK, Suffolk University
CHARLOTTE TWIGHT, Boise State University
KAMAL UPADHYAYA, Univ. of New Haven
CHARLES UPTON, Kent State University
T. NORMANVAN COTT, Ball State University
RICHARDVEDDER, Ohio University
RICHARDWAGNER, George Mason University
DOUGLAS M.WALKER, College of Charleston
DOUGLAS O.WALKER, Regent University
MARCWEIDENMIER, Claremont McKenna College
ROBERTWHAPLES,Wake Forest University
LAWRENCEWHITE, Univ. of Missouri at St. Louis
WALTERWILLIAMS, George Mason University
DOUGWILLS, Univ. of Washington Tacoma
DENNISWILSON,Western Kentucky University
GARYWOLFRAM, Hillsdale College
HUIZHONG ZHOU,Western Michigan University
PA I D F O R B Y T H E CAT O I N S T I T U T E , WWW. CAT O . O R G
In these days of havoc it is nice to understand good things still happen on a large scale. I want to address the crash of U.S Airways Flight 1549.
Stop and think of all that happened that day.
We come from different walks of life with different spiritual backgrounds or none at all. This incident has the making of extraordinary luck or a today’s miracle.
What are the odds of this flight having this pilot with his background to manage this particular incident.
Certainly what occurred was luck at its best if that was indeed the case. To me the circumstance and timing are far to critical for this to simply be good luck.
Each of you reading this story will have to judge for yourself. It is only in the time of severe crisis the most hardened atheist or agnostic will most certainly be praying for help. I am reminded by my cousin that ANY TIME WE ASK for HELP on anything in life … on some level we are admitting there is a power bigger than ourself alone. Those intent on believing there is nothing past the here and now might want to contemplate that simple thought.
Enjoy this story and the extraordinary people involved in it … it is inspirational and worthy of thinking about.
Voice before set down:
From the time the plane set down in the Hudson it took 4 minutes for the first rescue boat to reach the downed airplanes side.
At 5 minutes the 2nd boat reached the airplane and 6 minutes for the 3rd boat.
All of this is synchronicity at its finest.
Part 1 of Katie Couric’s 60 minutes interview of U.S Airways Flight 1549 pilot Chesley B. Sullenberger III.
This story crossed my desk a few days ago.
As I did further research the ultimate injustice of it breaks my heart. I found myself sitting in front of my computer screen weeping. This behavior is not something I do often.
If anyone deserved the Nobel Peace Prize this woman did the fact she did not have that honor bestowed upon her so fits into how the world functions today … I could not help sharing my thoughts with those of you who visit this blog.
Daily we are faced with the open lack of ethics and moral behavior in our government.
THE WORLD has lost its way along with our own government.
It might be the chicken and egg theory.
Her story Irena Sendlerowa 1910-2008
There recently was a death of a 98 year old lady named Irena.
During WWII, Irena, got permission to work in the Warsaw Ghetto, as a Health specialist.
She had an ulterior motive…
She KNEW what the Nazi’s plans were for the Jews, (being German).
Irena smuggled infants out of the ghetto in the bottom of her tool box that she carried, she also carried in the back of her truck a Burlap sack, (for larger kids).
She also had a dog in the back, that she trained to bark when the Nazi soldiers let her in, and out of the ghetto.
The soldiers of course wanted nothing to do with the dog, and the barking covered the kids/infants noises.
During her time and course of doing this, she managed to smuggle out and save 2500 kids/infants.
She was caught, and the Nazi’s broke both her legs, and arms, and beat her severely. She was sentanced to death. The polish underground bribed guards to release her and she went underground until after the war ended.
Irina kept a record of the names of all the kids she smuggled out, and kept them in a glass jar, buried under an apple tree in the yard.
After the war, she tried to locate any parents that may have survived it, and reunited the family. Most of course had been gassed.
Those kids she helped got placed into foster family homes, or adopted.
In 2007 Irena was nominated for the Nobel Peace Prize.
She LOST and Al Gore won instead, for a slide show on Global Warming.
Irena Sendler was a woman of great courage, love and sacrifice. In the worst of times she risked her LIFE for others. Because of her … 2,500 human beings were given a second chance at life. Who knows how that paying forward of 2,500 children has further advanced our world today.
Irena is gone, she and her deeds will not be forgotten in the annals of history. She has a spirit and light that lives on in the hearts of some men and women still in the world.
That is deserving of the Nobel Peace Prize.
Irena is the true winner … the world is a winner because of her time on earth.
On the other hand we have the prize winner Al Gore.
He has done what for this united states and HUMANITY?
ZERO, NADA, NOTHING!
His personal mission in life is fame, fortune and money.
NONE of those does he deserve … however he has achieved them anyway.
His so called achievements:
- He was vice president to Bill Clinton (this was not out of the goodness of his heart he was paid excedeenly well)
- He wrote a book (anyone today can do that and be paid well)
- He starred in a 2006 documentary. (wow that was really important … and paid well)
- Won a grammy for his audio book on the documentary. (big deal? … NOT BIG ENOUGH FOR THE NOBLE PRIZE … SORRY!)
- 24 year politition (over paid service to the country … still no big deal)
To boil it down … what has Al Gore done to sacrifice himself to anyone other than himself?
ZERO, NADA, NOTHING!
What true impact has Al Gore himself made on/for humanity?
Same answer ZERO, NADA, NOTHING!
More video about Irena:
Chris Dodd was born in Willimantic, Connecticut. His parents were Grace Mary Dodd (née Murphy) and U.S. Senator Thomas Joseph Dodd. Dodd is a Roman Catholic. He is the fifth of six children.
Dodd attended Georgetown Preparatory School, a Jesuit boys’ school in Bethesda, Maryland. He graduated with a bachelor’s degree in English literature from Providence College in 1966. He served as a Peace Corps volunteer in a small rural town in the Dominican Republic from 1966 to 1968. While there, he became fluent in Spanish. Dodd then joined the United States Army Reserve, serving until 1975.
In 1972, Dodd earned a Juris Doctor at the University of Louisville, where he served as vice magistrate of the law school’s student body. The following year, he was admitted to the Connecticut bar, and began practicing law in New London.
Mr. Dodd’s father Thomas during his time in the US Senate sponsored and wrote the 1968 Gun Control Act. It is believed that much of the language of the 1968 legislation was translated from gun control laws in Germany during the NAZI reign. Thomas Dodd served in Germany for the Nuremberg Trials as a prosecutor and is believed to have brought home the NAZI gun laws at that time. In 1967 he was censured in the US Senate for using campaign funds for personal expenses.
Chris Dodd today is under a cloud of controversy for taking out a VIP loans with Countrywide. The loans gave Mr. Dodd a $75,000 break that normal loan recipients would not qualify for. When asked about this Mr. Dodd responded that he didn’t read the loan and was assured the average citizen would get the same treatment. Pretty strange for the Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs. This committee had direct oversight of Countrywide.
Mr. Dodd was a cheerleader for the practices of Fannie Mae and Freddie Mac. He received $133,900 in campaign contributions from the two quasi government agencies. Mr. Dodd is on record for years ignoring the pleas of Republicans and former Federal Reserve Chairman Alan Greenspan to increase regulation of the firms. Both corporations are insolvent today.
Listening to an interview with Mr. Dodd is like listening to the latest Democratic talking points. When pressed by reporters Mr. Dodd tends to be belligerent and abrupt. One reporter was fired after questioning Dodd about his loans from Countrywide. A real believer in censorship of the press.
Good news it looks like Dodd will be leaving the Senate. And he even suggested Barney Frank leave the House of Representatives. Certainly Mr. Dodd’s best interview of his life.
As reported in the Stoos Views Dodd mused:
“You know, I got to thinking…after presiding over the Fannie Mae and Freddie Mac disasters–which cost the taxpayers billions and happened on my watch; after taking $133,900 in donations from Fannie Mae and Freddie Mac at the same time I was supposed to be monitoring them, what kind of hypocritical, incompetent SOB would I be if I did not resign myself? After all, I am largely responsible for the current financial debacle facing this country. Therefore, to be morally consistent, I have, this day, called for my resignation as Chairman of the Senate Banking Committee. I expect to hear from myself by the end of the day, as to whether to submit and accept my resignation. As I told the Chairman of GM: It is time for new leadership.”
Dodd continued: “And to be perfectly consistent, my friend and partner in incompetence, Barney Frank, ranking Democrat on the House Financial Services Committee must likewise move on. After all, he told us that ‘these two entities, Fannie Mae and Freddie Mac, were not facing any kind of financial crisis.’ He received tens of thousands of dollars from these organizations too. Like me, he failed to monitor these institutions and was woefully incompetent as well.”
Dodd went on to say that he will soon propose the creation of another bloated, expensive, and inept federal bureaucracy–“The Car Czar”–to oversee the billions of dollars that he and Frank intend to give the Big Three auto makers and to do that which Congress was hired to do–monitor the expenditure of public monies. “What’s a few billion more,” Dodd remarked, “we can print as much money as we want!” Dodd concluded that he also favors the creation of a second new federal bureaucracy, designed to oversee Members of Congress–“The Hypocrisy Czar.”
Barney Frank could not be reached for comment. Adios Senator Dodd. You failed to protect your country and like your father left in a cloud of corruption. Please don’t encourage additional family members to participate in government service.