Tuesday, November 25, 2008

Fannie Mae's Walk for the Homeless

On November 22nd, 2008, Fannie Mae sponsored the 21st annual Walk for the Homeless. Now, please, tell me I'm not the only person that recognizes this as a piece of sick and twisted irony. For the past two decades, the crooks who have run this institution have put millions of dollars in the pockets of politicians who passed and forced the Community Reinvestment Act upon lender upon lender upon lender, leading to millions upon millions of irresponsible loans, intern leading to the economic crisis of today. And now, I'm supposed to believe these people want to help the homeless, some of the very people they put out onto the street? It only exposes them as the two-faced government waste living upon hard earned taxpayer dollars that they are. Don't believe me? You can't argue with footage. Watch the links below, the entirety of each link.

Burning Down the House
In Their Own Words

Look at this list, and look at the legislators who defended Fannie Mae's lending practices over the past two decades.
Fannie Mae Campaign Contribution List 1
Fannie Mae Campaign Contribution List 2

Thursday, November 20, 2008

Auto Bailout

The debate standing on center stage today takes the form of a $25 billion bailout for the auto industry. The legislators who back the bailout do so out of a great deal of desperation, because without this bailout, the bullying power of the auto workers union will enter a bright media spotlight. For those who don't have exposure to unions, I can personally tell you coming from a family of steelworkers that the people who run unions have lot of power and use it to intimidate the lives of union workers in ways that make Tony Soprano look like a boyscout. If any one of the Big Three file Chapter 11, any restructuring will remove power from unions, and a lot of dirty laundry will enter the public eye and expose the politicians on Capitol Hill who have supported and taken money from the UAW (United Autoworkers' Union).

This opinion piece features a writer who comes from a family of generations working in the auto industry and many levels, and sheds the most light on the subject that I've read or seen in any media coverage of the past months. Link: Auto Bailout is Like Sending Arsonists to Fight Fires

Bailing out the auto industry now most likely postpones the inevitable collapse after spending a lot of taxpayer money.

Does anybody else think it strange for auto manufacturing company CEOs to travel to Washington, DC asking for the bailout in their corporate jets?

Does anybody else wonder how American auto manufacturing companies incurring expenses of $78/hour per employee can compete with foreign companies incurring expenses of $38/hour per employee.

Who get's bailed out next?