Category Archives: Mail Bag

Mail Bag: I’m Behind, I Know

I’ve gotten a lot of great comments and e-mails over the last few weeks, and I’m behind on posting them.  So this “Mail Bag” is probably going to be pretty lengthy.  Thanks everyone that commented and sent e-mails!

Here is something Matt C. e-mailed me that I thought was pretty great.  The message details what happened pre-George Bush that played a big part in the financial crisis:

I keep hearing that the Bush economic policy was to blame for the economic crisis we now face. Lord knows Bush’s budgets were way out of line, even though he had 9/11, Wars, Katrina, Power Outages in NYC and the like (secondary causes of recession). The fact is that the primary culprit behind the economic crisis was the statist policies from Carter & Slick Willy that Bush inherited:

1977 CRA Community Reinvestment Act – The act provided that banks have an “affirmative obligation” to meet the credit needs of the communities in which they are chartered.

1989 Congress amended the Home Mortgage Disclosure Act requiring banks to collect racial data on Mortgage applications.

1995 Treasury Department issued regulations tracking loans by neighborhoods, income groups, and races to rate the performance of banks. The ratings were used by regulators to determine whether the government would approve bank mergers, acquisitions, and new branches. It also encouraged statist-aligned groups, such as the Association of Community Organizations for Reform (ACORN) and the Neighborhood Assistance Corporation of America, to file petitions with regulators, or threaten to slow or even prevent banks from conducting their business by challenging the extent to which banks were issuing these loans. With such powerful leverage over banks, some groups were able, in effect, to legally extort banks to make huge pools of money available to the groups, money they in turn used to make loans.

The Banks and community groups issued loans to low-income individuals who often had bad credit or insufficient income. And these loans, which became known as “Subprime” loans, made available 100% financing, did not always require the use of credit scores, and were even made without documenting income. Basically, the government insisted that banks abandon traditional underwriting standards if the bank wanted to grow. Not to mention that in 1992 Freddie Mac and Fannie Mae were pressured by the HUD to purchase large bundles of these loans for the conflicting purposes of diversifying the risk and making even more money available to banks to make further risky loans.

Congress also passed the Federal Housing Enterprises Financial Safety and Soundness Act which eventually mandated that these companies by 45% of all loans from people of low and moderate incomes. The Treasury Department also established the Community Development Financial Institutions Fund, which provided banks with tax dollars to encourage even more risky loans.

When you add derivatives and Greenspan into the mix, you have an economic crisis, not just a housing/banking crisis. This cannot be blamed on Just President Bush by any stretch of the imagination. I am not at all excusing Bush from any responsibility. He made his share of mistakes. But to insist that he was entirely to blame ignores years of damaging statist government intervention.

Internet sensation Susan Boyle also sparked much discussion at The Conservative Journal:

Joel & Brenda said:

GOD bless her!  oops!!  HE already has!!!

Chrisee said:

As they say when God closes a door he opens up a window,it is said that she told her mother upon her death bed that she would enter this contest,and as they also say it is so,you see it doesn’t matter what anyone else thinks of you in life, What he has out there for you, nobody can take away or stop you,the people were laughing in the beginning,but that was his child out there as we all are,but he who laughs first most certainly will laugh last,See you in concert,Ms.Susan Boyle,most of us can’t wait,for all those people who picked on you in life,he said he would make your enemy your footstool,believe me it has already happened,wish I could be at your next high school reunion

Sharlee said:

It just goes to show that you should NEVER judge a person by there looks alone!! Think of the talent we would have missed if they didn’t give her a chance. BRAVO Susan. Toronto Ontario, Canada.

Shirley S. had this to say about Levi Johnston:

Levi Johnson states that people think his family is white trash??  I am a believer based on his and their choice to expose personal information about their governor’s family.  In fact, the Johnsons seem to be working overtime to set a new standard for trashy.  How disgusting to talk like that about someone he was supposed to love.  As they say, he has had his 15 minutes.  Now it is time for him to shut his big mouth and move on.
Obviously, he has no consideration for what his child will endure in the future because of his “revelations”, and also obvious is that he does not care.  It doesn’t have anything to do with who the Palins are.  They are people just like the rest of us.  Most people only see now what a jerk he has become or probably always was.  Bristol just did not realize it.  What I find amusing is how he thinks this will help his relationship with his son.   He sure saved Bristol’s life by turning his back on her, and he sure gave the right reason.  What a grossly immature person Levi Johnson is.

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Mail Bag: Matt Delves Further Into AIG

First off, I’d like to thank all of you that have been e-mailing me with your great comments and opinion.  I really appreciate comments from both sides, as that is what makes blogging worthwhile.

Anyway, this morning I recevied an e-mail from Matt C. that looked further into AIG and the current state of the economy.  It truly is a wonderful article that puts all of our current dilemas into perspective, and gives a good look on the AIG bonus issues.  Everyone should read this article!

Get the whole picture about AIG out there.  I researched the facts and wrote a comprehensive article and am trying to get this out there.  We all know if we work together, talk with one comprehensive message we have a better chance of making real change in Washington.  This is not about Democrat or Republican, its about Liberty and Freedom.

The real tragedy behind the $165 million dollars in AIG retention bonuses is that our political leaders have used it to take more of our rights away.  Last week, the House, voted 328-93, to approve a bill they didn’t read, that would impose a 90% surtax on bonuses given to employees with household incomes of $250,000 or more at companies that have received at least $5 billion from the government’s financial rescue program. This legislation was derived from the tremendous outrage & media sensationalism created by Congress and the Obama Administration. In other words, they justified ignoring the 16th amendment of the United States Constitution by stirring up decent between economic classes.  Sen. Christopher Dodd, the chairman of the Committee on Banking, Housing and Urban Affairs, justified it by saying, “This is another outrageous example of executives — including those whose decisions were responsible for the problems that caused AIG’s collapse — enriching themselves at the expense of taxpayers,” President Obama’s justification was nothing more than finger pointing.  He asked “How do they justify this outrage to the taxpayers who are keeping the company afloat?” he went on to declare “This is a corporation that finds itself in financial distress due to recklessness and greed”.  Note to Obama:  When you point a finger, three are pointed back at you.

In 2007 Obama’s net worth had increased from 700k to 4.7 million dollars and he now has a $400k a year salary and all of his expenses paid.  Sen. Hillary Clinton’s average net worth, adjusted for inflation, grew from negative $6 million to $30.7 million between 2000 and 2006.  Sen. John McCain of Arizona reported a $27.6 million surge in his average net worth from 1995 to 2006.  Senator Dodd’s net worth was $101,000 in 1967 and in 2007 was 1.5 million but is now over $3.5 million.  Our congress expressed such outrage and distain for a measly $165 million dollars in bonuses to executives (many of which agreed to a salary of $1 for the year) when Congress’s collective net worth is around 3.6 billion dollars.  It appears as if our elected officials may be the one’s that are enriching themselves at the expense of taxpayers.

After two months, the Obama administration and our one party government have proposed legislation that will result in the worst deficits “ever”.  By “ever” I mean that if every deficit over the past 220 years (since George Washington) were added together, the sum would be less than the deficits their budget proposal will create ($1.8 trillion this year, $9.6 trillion over 10 years).  This increased spending comes during the worst World Economic Crisis since 1933.  There is a universal belief that increased spending and protectionist policies were the primary cause of the Great Depression.  The recent stimulus packages, Obama’s proposed budget and protectionist policies have fostered anger and worry from most foreign leaders (G20 leaders).  As a result, Obama’s ability to lead us out of an economic crisis is being questioned around the world.  So, how is he in any position to be commenting on financial distress due to recklessness?  Furthermore, what gives our elected officials the right to ignore History and make the same mistakes that lead to the Great Depression and WWII?

Over the past 30 years we have allowed our political leaders to make countless compromises in an effort to further their party’s agenda.  These compromises are in large part the cause of the world’s worst economic crisis since 1933 (76 years) and the implications surpass those of the Great Depression.  Our liberty, prosperity and security are at stake and therefore, it is not a time to debate, it’s a time to demand.  Demand that our government abides by the constitution.  We must demand that our unalienable rights, Life, Liberty and the Pursuit of Happiness are secured and that our Government derives their just powers from the consent of the governed.  It’s high time that we do our duty as American Citizens, pound our fists on the Capital Door and demand that our leaders listen or leave office.  There is no excuse for our elected officials to serve themselves instead of listening to the people they serve.  If our elected officials want to ignore history, the Constitution, and US Citizens by spending us into oblivion, than they need to be held accountable.  There should be a 90% tax on their $170,000 a year salaries and  $50,000 a year pension plans when their outrageous decisions result in an economic collapse.  Their assets should be put up as collateral for the trillions of dollars that we now have to borrow primarily from communist countries.  We do not work for the United States Government, Congress or The White House.  They work for us and a reminder is way past due.

What do you think of Matt’s article?  What do you think of the whole AIG mess?  Leave your comments below or e-mail you in depth response to and see it posted on this site!
Thanks for reading!



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Mail Bag: A Vast Array of Textual Remarks

To the elitist snob that likes to e-mail me:  Shouldnt you be eating your caviar?  Its going to sour.

To the elitist snob that likes to e-mail me: Shouldn't you be eating your caviar? It's going to sour.

Like the title?  I’m just trying to please the elitist snob that sent me an e-mail stating my vocabulary was on par with a grade schooler.  Thankfully, I don’t write this blog to try and sound like a graduate of an Ivey League school, nor do I think it’s necessary to do so.  The person who e-mailed the comment, who wished to remained unnamed, must be drawn to Obama for his use of flowery vocabulary alone, as their is zero substance to his words.  However, I wonder what said poster thought about Obama’s press conference?  It didn’t contain that many “million dollar words”.  Surely they had the same disdain?  Negative.

I will now step down from my soapbox and post some “worthy” comments from the mail box and the website.  Here are the highlights:

New reader Lisa Krempasky, whose blog can be found here, has left several entertianing comments:

On the Michael Moore WikiGate article, Lisa had this to say:

I’m more interested in the day when Moore will be known as inmate 73027963.

Even most of his looney buddies are distancing themselves from him

And on “More From the World of Meghan“, she said this about her moderateness:

Progressive republican…good one.

I’m also very glad for her depth of economic analysis in her affirmation that the president is taking the economy serious. I feel much better now.

Trust us, Lisa, we feel better too!

Neoavatara, whose blog can be found here, said this about Charlie Rangel:

Rangel is an embarrassment. The Democrats are currently protecting him, which makes it even worse. It is silly, really, because if Rangel left, his district is a safe Democratic seat. The Democrats are making the same mistake Republicans did: If someone does something wrong, don’t protect them. People should be responsible for their actions.

Neoavatara also had this to say about Barack reading this blog:

I think the problem is that Obama’s teleprompter needs to read your site…otherwise there is no way you will get an apology.

I must agree with you there.  Maybe I can go submit it to his teleprompter’s blog, which can be found here.  That blog is hilarious, by the way.

And finally, I’d like to just direct everyone to the last Mail Bag post, where a nice discussion over Barack’s “Special Olympics” gaffe is located.  It’s a great little discussion that everyone should take part in.

What do you think?  Which post by a user is your favorite?  Leave your comments below or e-mail us at and you could end up on a post just like this one!

Thanks for reading!



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Mail Bag: Barack’s Special Olympics Gaffe

Barack Obama’s Special Olympics gaffe not only sparked outrage around the country, but it sparked many comments and e-mails worthy of this “Mail Bag” special.  I just want to take this time to thank everyone that commented and e-mailed, whether featured on this page or not.  Let’s start with those that agreed with me:

Jax put the comments in perspective for us on the “Barack Obama Reads This Blog” post:

He has hurt many families in America. He needs to say he is sorry in the public, not to an organization.

In addition, someone who claims to have experienced prejudice and stereotypes throughout life, and has written about them in great detail, should be more sensitive and refined from life’s lessons.

Furthermore, Obama claimed he was going to have the world think ‘highly’ of America again. Will this joke help?

For someone who spoke of equality as a creed. Does this joke match that philosophy?

For someone that said he would stand for all people. Does this stand up for those that participate in the special Olympics?

The fact is Obama claimed a higher standard. To much is given, much is required.

Obama has just showed us that ‘yes we can’ destroy what a campaign stands for with a single joke.

During the campaign for the White House in 2008, the media criticized Palin for being ‘common,’ ‘not-polished,’ ‘not-compassionate’ and ‘not presidential.’ However, compare Sarah Palins attitude in this video created three weeks ago for the Special Olympics in Boise, Idaho.

You decide the more ‘presidential’ among them. Watch:

Reaganite Republican, who writes a great conservative blog, left this comment on the same article:

Obama has something seriously wrong with him- what kind of monster mocks the disabled on network television?

I guess we shouldn’t be too surprised by this gauche and downright cruel comment re. the Special Olympics- no different than his classless cheap-shot on 90-yr-old Nancy Reagan in his first presser- apparently his preferred targets are old ladies and the handicapped… what a creep.

Narcissists like Obama are often callous- and even ruthless. They tend to lack empathy and/or a conscience. This is evident in his lack of interest in his own half-brother who lives in poverty in Kenya, or his aunt found living in public housing in Boston.

Other indicators include control freakery, grandiose self-importance, feeling “above the law”, interpersonally exploitive, inability to handle criticism, lack of empathy, arrogant behavior, surrounds himself with sycophants… sound familiar?

Obama is a mess- and his insecurities, bad childhood, and irresponsible, far-left-wierdo mother are now all OUR problem, too-

Of course, with great postivive comments, there had to be some negative:

kimi33 sent in this e-mail regarding the special olympics comments:

You conservatives just have to have something to criticize, don’t you?  Those who have never made an off-color comment can cast the first stone.  It was just a slip that doesn’t deserve all this unwarranted coverage from “Faux Noise”.  Conservatives keep saying Obama should have been fixing the economy instead of be on Jay Leno, so instead of coverring Jay Leno the conservative media should cover the economy.

Love from the left,


And to you, kimi:  What about when Bush made an off-color remark?  Did you jump on the MSDNC (See, I got funny nicknames too) bandwagon and talk about it for days?  Heck, in the days after Bush did something comparable to this the Clintons could have bombed Canada and would receive no coverage from MSDNC and the majority of media outlets.  The fact is, they can treat it like a non-story all they want, but it doesn’t erase the fact that Barack is a insensitive windbag hypocrit.  Have a great day!

So that wraps up the latest Mail Bag segment for now.  Once again, thanks to all that commented, and if your comment wasn’t featured send in another one on another article!

What was your favorite comment?  Do you think kimi had the same attitude towards John McCain when he couldn’t remember how many houses he had?  Leave your comments below and you may end up in the next Mail Bag!

Thanks for reading!



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Mail Bag: Ron On National Debt

The most enjoyable part of having this site is not the number of visitors I get or what my rank is on Political Top Sites, but when readers make comments that are really worthwhile, and obviously took a lot of effort.  All comments are great and much appreciated, but the ones that clearly had effort behind them are really special.  This is something I’ve wanted to do for a while, and finally got the perfect opportunity to do so.  The comment below was left on the Cramer vs. Stewart fued article by Ron:

It is ironic that Jon Stewart and a comedy show instead of the regulators or news media had to bring all of this public. Also in Cramers defense he is far less guilty than most of the other financial media for their efforts together with Wall Street, the politicians & incompetent regulators for what has happened.

While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?

China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.

The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See:


Ron with 30 plus years in the investment business and banking industry.

I feel like I’m having a Glenn Beck sentimental moment by saying this, but that comment inspired by showing that there are still people in this world that believe in fiscal responsibility and spending along with intake.  This country is spending faster than a redneck that just won the lottery.  I just wanted to encourage everyone that has a Facebook page to join the debt elimination group, I don’t have a personal Facebook page to do it on but I might go ahead and do that one day.  Thanks again Ron for leaving the comment.

Don’t forget, leave a thought provoking comment and we’ll stick it on the front page!

Thanks for reading!



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