Obama takes over GM

Remember the old joke about the horse designed by a committee that turned out to be a camel? Well, what do you think a car designed by Washington will look like? Government taking control of some of the largest industries in the U.S. is not a good sign for our sagging economy. How long can Obama and the Democratic majority continue to blame the sad state of things on the Republican Party. True conservatives need to fight these socialistic economic policies. Government is the problem, not the solution.

From the Washington Times today:

"Within two months, the U.S. and Canadian governments together under the plan would own nearly 70 percent of the storied Detroit company, which is considered the backbone of the U.S. auto and manufacturing sectors, according to sources familiar with the discussions. Canada would receive a small share in exchange for assisting GM, but the sources declined to be more specific.

"The overwhelming share of the company the government is giving itself much exceeds the 50 percent share originally reported last month and angered bondholders who feel that the government should have offered more to investors in light of the union's agreement to halve its earlier reported 39 percent share." Read the rest...

Congratulations, taxpayers, you are $700 billion MORE in debt!

Well, Congress did it. They signed the bailout bill, the biggest government takeover in the history of the United States. Barney Frank who is a primary culprit in this debacle should be impeached, but instead the democrats on the hill are making him a savior. The fella whose boyfriend was pimping from his townhouse has (with help from the rest of the gang) financially raped our children and grandchildren, but will anyone in government call him to account? Not likely. And liberal Massachusetts voters will probably send him back with bigger margins than ever in the next election. Ditto for Connecticut's Chris Dodd.

I hope people will take the time to peruse this bill. It is the biggest barrel of pork ever. Michelle Malkin talks about it saying, "They put a gun to our heads....Washington’s pork-stuffed panic mob forked over $700billion/$850billion/$1 trillion-plus of our money over to the Chicken Littles, who handed it over to Foxy Loxy at the Treasury Department."

And they're already oinking for more and the Democrats are doing a good job of convincing people that this is the Republicans' (read George Bush's) fault. It's not, it started with Jimmy Carter and was exacerbated by Clinton, but the "solution" may be. Bush could have backed a real, economically-sensible strategy instead of this monster filled with earmarks, but he's a big-government guy and this let's government grow exponentially. Christian economist Dave Ramsey will discuss the aftermath of the bailout on his radio program Monday. You may want to listen.

One thing's for sure, panic reactions generally lead to bad solutions and this is a case in point. It's just the beginning, folks...watch for more bailouts to come. By the way, did you know that while the focus was on the banks, Congress voted to give a $25 billion bailout to the auto industry in September? Of course, it was ONLY $25 billion.

For Christians I think the message is pray and get out of debt. Give the country a good example. If you can't afford it, don't buy it. Continue to share what you have with the poor through charities you know are trustworthy (the Missionaries of Charity come to mind). Don't give your hard-earned money to the Catholic Campaign for Human Development which funds some of the very organizations that contributed to this mess and do not help the poor. Also, be sure to see how your senators and congressman voted. If they supported the bailout bill, boot them out in the next election. I'm happy to say, my Virginia Congressman, Bob Goodlatte, was one of the brave house members who said NO! Outgoing Senator John Warner and Democrat Jim Webb both voted yes. SHAME!

One last piece of advice. If you live in the country it might be a good idea to raise some pigs. At least you can eat that kind of pork when things get really tough -- maybe some chickens too for bacon and eggs.

Good Morning, America's Suckers

Watching Good Morning, America is masochistic these days. The spin on everything from the election to the bailout is so patently obvious to anyone with a brain it's outrageous. I only watched a few minutes this morning but it made me so angry my blood pressure went up twenty points. Diane Sawyer was interviewing representatives from the Democratic and Republican campaigns about the upcoming vice presidential debates. Every time she asked the speakers a question she gave the Democrat more time. But even more blatently, when he had spoken for about five seconds his talking head was replaced with a clip showing Obama or Biden surrounded by worshiping supporters. When the Republican spoke, she was given time for a few sentences with no similar background clip of McCain and Palin. To call it obvious bias just doesn't illustrate how egregious it was. Which means GMA thinks the American people are such ignorant suckers they will swallow their sewage and think it's Perrier.

The media is doing the same thing on the bailout with their hysterical handwringing. And they are helping the democrats hide that these deals (which change by the minute) include earmarks for community organizers like ACORN who helped create the problem by agitating to pass the irresponsible Community Reinvestment Act (CRA). CRA forced banks to make bad loans. Economist Tom DiLorenzo has a great article outlining the problem.

Barak Obama is part of the clique that precipitated the crisis. Now the blame game is on to claim it was the Republicans' fault. NO WAY. The video below shows how the Republicans were stymied in their attempts to get regulatory control of Fannie Mae and Freddie Mac YEARS AGO. The Dems wouldn't hear of it. And now they want to get their hands on more taxpayer money to "solve" the crisis. It's a game, folks. Keep encouraging your representatives to just say no on the bailout. Christian economist Dave Ramsey has a recommendation to help the situation that is apparently on the table in the discussions. Read it and you can click on his link to send a message to your Senators and Congressman. Hold firm with a big NO NO NO on the $700 billion bailout!