Sunday, September 13, 2009

Obama State Run Media Downplays 2,000,0000 March On Washington

The Obama State Run Media has already started downplaying the March on Washington by saying that thousand gathered for this protest against the federal government. The New York Times Headline "Thousands protest Rally in Capitol to Protest Big Government'. The Britain Daily Mail estimated that 2 million Americans showed up for the Tea Party Protest. Up to 2 million people marched to the U.S. Capitol today carrying signs with slogans such as "Obamacare Makes Me Sick" as they protested the President Health Care Plan and what they say is out of control spending. The line of protesters spread across Pennsylvania for, blocks all the way to the capitol, according to to the Washington Homeland Security and Emergency Management Agency. By The Contrast: The demonstrators numbered in the Ten Of Thousands, though the police declined to estimate the size of the crowd. Finally, the same Obama State Run Liberal Media estimated a million protesters during the infamous "Million Man March" which President Obama attended while, living in Chicago.

Saturday, September 12, 2009

Alan Greenspan Will Not Take Responsibility For Finanical Crisis

The world will suffer another financial crisis, former Federal Reserve Chief Alan Greenspan told BBC. The crisis will happen again but it will be different, he told BBC Two's The Love Of Money Series. He added that he had predicted the crash would come as a reaction to a long period of prosperity. but while it may take time and be a difficult process the global economy will eventually "Get Through It", Mr. Greenspan added. "They financial crisis are all different but they have one fundamental source,"he said. That is the unquenchable capability of human beings when confronted with long periods of prosperity to presume that it will continue. Speaking a year after the collapse of Lehman Brothers, which was followed by a worldwide financial crisis and global recession, Mr. Greenspan describe the behavior as human nature. He said the current crisis was triggered by the sub-prime mortgages-home loans given to people with bad credit histories-but added that any factor could have been the catalyst. If it were not a problem of these toxic debts "something sooner or later would emerge," Mr. Greenspan said. Mr Greenspan who ran the Federal Reserve was hailed as a man who could move markets, also warned that the worlds financial institutions should have seen the looming crisis. "The bankers knew that they were involved in an under-pricing risk and at some point a correction would be made, "He said. "I fear that too many of them thought that they would be able to spot the actual trigger point of the crisis in time to get out. He also, warned that England, with it globally-focused economy, would be harder hit than the United States by the current recession and the collapse in world trade. It is going a long while, for England to work it's way through this."In order to prevent the situation from arising again, financiers and governments should look to clamp down on fraud and increase capital requirements for banks, the former central banker said. Regulations targeting latter would mean banks would be forced to hold enough to cover there normal operations an honor withdrawals. The most recent endeavour to re-regulate is a reaction to this crisis. The extraordinary impact of these global markets is making a lot of financial people feeling they have lost control. "The problem is you can not have free global trade with highly restrictive, regulated domestic markets." Finally, Alan Greenspan said that the current economic crisis was a "Once in a century type of event" and one he did not expect to witness. Mr. Greenspan denied any responsibility for the problems gripping the global economy. Mr. Greenspan blamed it on human nature but it was his job as Federal Reserve Chairman to warn the average American about this upcoming financial crisis.

Wednesday, September 9, 2009

Sen. Snowe And Sen. Collins Will "Trigger" A Republican Sellout On Health Care

Sen. Olympia Snowe and Sen. Susan Collins of Maine can't be trusted when it comes to writing a bi-partisan Health Care Bill. Sen. Snowe and Sen. Collins are supportive of a so-called "Trigger" concept that will be implemented if the insurance companies fail to fix the current system. The "Trigger" concept falls right in the hands of the supporters of the Public Option, because this will give President Obama and Democrats a chance set up a system where the insurance industry will fail to fix the insurance system. Speaker Nancy Pelosi says, that she might be for a "Trigger" concept if the final result is a strong "Robust" Public Option. Speaker Pelosi and Majority Leader Reid will write rules and regulations that will cause the Trigger Concept to come into effect in the next five years. Sen. Snowe and Sen. Collins are willing to break the filibuster proof 61 votes if there concept of a Trigger is in the final Health Care Bill. This is a victory for the Obama Administration and Unions because, they can just wait a couple of years and "Trigger" for a Single Payer System that Democrats have envisioned last 50 years will come into effect. During tonight Joint Address to Congress expect President Obama to mention Sen. Olympia Snowe and Sen. Susan Collins to try and convince the average American that he, is working on a bi-partisan Health Care Bill that all Americans can support. President Obama will use Sen. Snowe and Sen. Collins "Trigger" concept to gain support among "Blue Dog Democrats" and give them cover in there Conservative Districts in the 2010 Congressional Elections. The President will use this Trigger option to inch the American people closer to a single payer system. Finally, when the history books are written Sen. Snowe and Sen. Collins will be held responsible for destroying the best health care system in World. The Democrats will lose the battle but they will win the war. I am sorry to tell my fellow Conservatives that there will be a Single Payer System in America. This is what happens when you have "Sellout " Republicans in your party.