Politico: Reports that Association of Community Organizations for Reform Now, ACORN has become the latest target for the Republican VP Nominee, Governor Palin. The left wing pressure group has been caught inventing voters in the run up to the Presidential Election. The interesting part of the story is that Senator Obama has worked for them in the past as a Lawyer. Thus we have the domestic terrorist Ayers, Pastor Wright, the ACORN connection, his left wing views on wanting to tax the rich to help the poor, this is the country that loved JR Ewing after all, those left wing views should not be popular, but the polls say Obama is well ahead, something is wrong, either the American voters are going to give Obama a pass for all these connections or when they vote they will vote for McCain.
Tuesday, October 14, 2008
Turning Left, Bush and the Banks
The White House:President Bush stated the following on the USA Government taking a large share holding in American Banks. The President stated the following, " This weekend, I met with finance ministers from the G7 ....representing some of the world's largest and fastest-growing economies..... the federal government will use a portion of the $700 billion financial rescue plan to inject capital into banks by purchasing equity shares. This new capital will help healthy banks continue making loans to businesses and consumers. And this new capital will help struggling banks fill the hole created by losses during the financial crisis, so they can resume lending and help spur job creation and economic growth. This is an essential short-term measure to ensure the viability of America's banking system.....will temporarily guarantee most new debt issued by insured banks. This will address one of the central problems plaguing our financial system -- banks have been unable to borrow money, and that has restricted their ability to lend to consumers and businesses. When money flows more freely between banks, it will make it easier for Americans to borrow for cars, and homes, and for small businesses to expand. .....will immediately and temporarily expand government insurance to cover all non-interest bearing transaction accounts. These accounts are used primarily by small businesses to cover day-to-day operations. By insuring every dollar in these accounts, we will give small business owners peace of mind and bring stability to the -- and bring greater stability to the banking system....The measures I have announced today are the latest steps in this systematic approach to address the crisis. I know Americans are deeply concerned about the stress in our financial markets, and the impact it is having on their retirement accounts, and 401(k)s, and college savings, and other investments.....the American people can have confidence about our long-term economic future..... We have a strategy that is broad, that is flexible, and that is aimed at the root cause of our problem. Nations around the world are working together to overcome this challenge. And with confidence and determination, we will return our economies to the path of growth and prosperity. "
Lets see the US Government has bailed out Wall Street, the Car Manufactures, the banks, the Presidential Candidates between Obama and McCain want to bail out every one else, welcome to the USA gone left, very left. Who will bet in few years down the line that the system does not allow for success or failure, business will die on the vine, business is about success and failure, other wise you have France or the old USSR, what would the Gipper say about the Bush Presidency. What ever liberal plans Obama might have will never be as liberal as this massive government action, the voters might as well vote for Obama.
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