October 06, 2008
WEEKLY POLITICAL NEWS-DAILY UPDATE

HERE IS A LINK ROUNDUP ON THE LATEST ON MONEY AND POLITICS

EXTRA ON OBAMA:
PALESTINIAN TERRORISTS CLAIM OBAMA KEPT THEIR CAMPAIGN CONTRIBUTIONS!

The Obama campaign says that the millions in illegal contributions with names containing funny boners like soccer stars from Brazil (who never heard of Obama) now say they returned the money to terror groups in the Palestinian territories. That looks like lie number 1,234,788 from the Obama campaign:
http://www.marketwatch.com/news/story/palestinians-deny-obama-returned-illegal/story.aspx?guid={016C7EE7-AB9E-4242-80E1-6D1BA92FDC9E}&dist=hppr

OBAMA ACORN OFFICE RAIDED IN LAS VEGAS, VOTER FRAUD FOUND!

Hey they were trying to register one of the Dallas Cowboy cheerleaders 1,345 times! She is attractive and obvious likes to vote and vote often, FOR OBAMA. ACORN is what it is: CORRUPT. So is Obama:
http://www.lvrj.com/news/breaking_news/30571984.html


MORE OBAMA SCANDALS AFTER ECONOMIC NEWS:

FED CUTS RATES!

In an effort that appears to be coordinated now for the first time in this bailout mess, the Fed got smart and cut interest rates (safely because the economic slowdown is automatically dealing with inflation). I say: GOOD JOB GUYS AND A SMART MOVE!
http://news.yahoo.com/s/ap/20081008/ap_on_bi_ge/fed_interest_rates

More on the cut from Fox Business Network
http://www.foxbusiness.com/story/markets/industries/finance/fed-boe-ecb-cut-rates/

BRITISH DUMP 85 BILLION INTO THEIR SAGGING BANKS

Here is their first step and it looks like the Labor Government in England is on its last legs. Expect them to follow Germany, France, Canada and others to elect CONSERVATIVES!
http://www.foxbusiness.com/story/markets/economy/british-government-help-banks-b-plan/

JAPANESE STOCK MARKET DOES A DIVE OVER NIGHT

The largely overflated Nikkei took a dive last night and many see it as a GOOD SIGN of sanity in Asian markets
http://www.breitbart.com/article.php?id=081008064235.zkswil0j&show_article=1


AIG WENT TO SPA AFTER BAILOUT?

Just how brain dead can a company get? I know that my wife and I took a long look today at our AIG funds and will probably dispose of them later this week. Why invest with an organization this stupid?
http://apnews.myway.com/article/20081008/D93M0K6G3.html


FED DUMPS IN 900 BILLION NEW DOLLARS TO THE BANKS

Folks this is IN ADDITION to the Bail Out Pork Bill!
http://www.reuters.com/article/gc06/idUSTRE4954BI20081006?sp=true


GM TO SHUT DOWN MOST OF ITS EUROPEAN PLANTS!

The General can't make money in the over regulated Euro marketplace so the Euros can kiss about 18,000 job goodbye! So much for Socialism and workers
http://www.discusseconomics.com/forum/gforum.cgi?post=78

GM may shut down Detroit Downtown Headquarters
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20081007&id=9236766

FEDS MAY NOW BUY INTO SHORT TERM NOTES AND DEBT

After flooding the country with 800 Billion Dollars yesterday, now the FED wants to buy about 400 Billion dollars in short term debt. Now, if my math skills are still intact that adds up to 700 plus 800 plus 400 equals about 1.9 TRILLION DOLLARS! Who is getting all of this money? Where is this money going?
http://www.foxbusiness.com/story/markets/industries/finance/fed-mulls-plan-buy-short-term-debt/

BANK OF AMERICA CUTS DIVIDEND IN HALF AND PRINTS UP 10 BILLION IN STOCK?

Well, in order to pay for Merrill Lynch, B of A is issuing stock and cutting dividend in order to raise about 12 Billion Dollars.
http://www.foxbusiness.com/story/markets/industries/finance/bofa-raise-capital-q-dives/


LARGE NUMBER OF AMERICAN BANKS ON THE EDGE OF BANKRUPTCY!

No matter how much Congress can pork barrel over to the boys in New York, it matters little to the hundreds of middle banks around the nation that are on VERY THIN ICE. Unless credit liquidity improves dramatically over the next few months, stand by for more bank failures and SOME OF THOSE BANKS ARE NOT, REPEAT NOT, INSURED BY THE FDIC!
http://news.yahoo.com/s/ap/20081006/ap_on_bi_ge/shaky_banks


ARE THE GREEN NAZI'S WORKING THE GLOBAL WARMING FRAUD BEHIND THE SCENES AS A PART OF THE PORK BARREL BAILOUT BILL?

Steve Milloy of Junk Science dot com thinks so and here is a comprehensive piece he did for Fox News about what the folks behind the global warming swindle are up to these days:
http://junkscience.com/ByTheJunkman/20081002.html

The Carbon Audit in the Bailout Bill has many Corporations looking to relocate overseas and take those manufacturing jobs with them. Just another example of "Al Gorism" at work
http://www.openmarket.org/2008/10/03/carbon-audit-can-we-turn-this-threat-into-an-opportunity/


LOCAL SEATTLE ECONOMY IN A STATE OF FLUX?

Retail outlets are now reporting a major drop off in sales. What's next?
http://seattlepi.nwsource.com/local/381885_economy06.html

HOUSING SALES ARE DOWN THE TOILET ALL OVER PUGET SOUND!

Not since the 1970 BOEING CRASH has the real estate market been this bad! It has gotten to the point where real estate firms are laying off sales people and listings are now called "wish lists", since sales are off more than 50% in some areas. To make matters worse not only is it almost impossible to sell a house these days, but the prices are in the tank! There was a sign over I-5 in downtown Seattle in the summer of 1970 that said: WILL THE LAST PERSON THAT LEAVES SEATTLE PLEASE TURN OUT THE LIGHTS! Maybe that should be: IF ANYONE SELLS A HOUSE IN PUGET SOUND, PLEASE RING A BELL? One of the problems: unless you have a credit score of over 750 and a well documented income stream, you ain't gonna get a mortgage, period! One of the side impacts of this economic reality is the area's newspapers. The Everett Herald and the Tacoma News Tribune and both on the edge of major financial problems and if the real estate ad business goes down the tubes, you can kiss these newspapers goodbye!
http://seattletimes.nwsource.com/html/localnews/2008221341_housing02m.html
Here's more:
http://seattlepi.nwsource.com/local/381121_turmoil30.html

SNOHOMISH COUNTY BROKE? SO IS KING COUNTY. HERE IS WHAT IS HAPPENING UP NORTH:

Faced with a tax drop off and a declining job market, Snohomish County is about to take a trip down that big, clockwise circling, ivory bowl (its called a flush!)
http://heraldnet.com/article/20081002/NEWS01/710029880&news01ad=1#County.financial.report.worsens.

Here is what is going on in King County
http://seattletimes.nwsource.com/html/politics/2008212048_kingcobudget29m.html


STUDENT LOANS ARE NOT FORTHCOMING FROM PRIVATE LENDERS

Because of the massive default rate for Student Loans and the lag time between the default and the time the Fed pays off the banks, many lending institutions are now getting out of the student loan business and that is putting the squeeze on local students. Some area community colleges and Universities may see major declines in enrollment!
http://seattletimes.nwsource.com/html/localnews/2008231486_loanproblems06m.html

ZOGBY SHOWS MCCAIN GAINING ON OBAMA

Wow, this was the overnight and it looks like people are concerned about the fast talking, too slick, lying Obama.
http://zogby.com/news/ReadNews.dbm?ID=1575

OBAMA VOTER FRAUD IN OHIO INVOLVES ACORN!

Well, the ACORN folks were rounding up anyone off the street that they could control all over the major cities of Ohio. Guess who these homeless drunks, drugged out meth heads, and mentally ill people voted for: OBAMA THAT'S WHO!
http://www.nypost.com/seven/10062008/news/nationalnews/homeless_driven_to_vote_obama_132395.htm

OBAMA PAL TONY "THE FIST" REZKO IS SINGING LIKE A BIRDIE?

Well, in the end they all rat each other out and the word is that the Obama Campaign is LITERALLY PETRIFIED that Tony is going to tell the Feds everything he knows about POLITICAL CORRUPTION in Chicago politics and OBAMA! Rezko may be a rat, but he sure knows a lot and a whole bunch of people are going to prison before this is over!
http://elections.foxnews.com/2008/10/07/prosecutors-seek-delay-sentencing-tony-reko/

Tony had a lot to do with this FBI raid on another of Obama's buddies
http://www.washingtontimes.com/news/2008/oct/03/fbi-raids-obama-friends-home/print/


OBAMA ACCUSED OF CAMPAIGN FINANCE FRAUD!

In fast breaking developments, the Republican National Committee has filed criminal charges against the Obama Campaign for MAJOR CAMPAIGN FRAUDULENT FUNDRAISING. Here are the story links in this fast breaking story:

Strange and unexplained contributors raised flags:
http://www.newsweek.com/id/162403

GOP'S initial Complaint filed TODAY:
http://voices.washingtonpost.com/the-trail/2008/10/05/rnc_to_file_fec_complaint_on_o.html?hpid=topnews

Foreign ILLEGAL contributions in the mix? Middle East?
http://www.reuters.com/article/politicsNews/idUSTRE4942Z720081005?


OBAMA AND AYERS A NEW TERRORIST LEADERSHIP FOR THE US?

The media was shocked this last week with of all newspapers the NY Times came out with an expose' about Obama and the weather underground radical terrorist Bill Ayers. Now Palin is not going to let go of this issue:
http://news.yahoo.com/s/bloomberg/20081006/pl_bloomberg/aj7yeq09er4q_1

OBAMA CAMPAIGN NEVER HEARD OF AYERS?

Mr. Gibbs and his entourage of Obama campaigners appeared on Fox and Friends this AM and according to them, OBAMA NEVER HEARD OF HIS NEXT DOOR NEIGHBOR BILL AYERS, THE GUY HE WROTE AN INTRODUCTION TO HIS BOOK FOR, A MAN HE SERVED ON TWO COMMISSIONS WITH AND A GUY HE TOLD FRIENDS HE LIKES? I suppose the never heard that Ayers said after 9/11 that he wished he had done more terrorist bombing back in the 1970's and told people to kill their parents. Hmmm?
http://apnews.myway.com/article/20081006/D93L788O0.html

HEIL OBAMA? OBAMA'S NEW BLACK SHIRTS?

When I first saw this video it is clear that we have some real serious problems with Obama, who has some kind of megalomaniacal desire to do some serious damage to the American Democracy. Look out folks!
http://www.youtube.com/watch?v=rUEQz5dltmI


AL-QAIDA DECLARES THE DEFEAT OF US ECONOMY?

This is the end of the US declares Al-Qaida official
http://news.yahoo.com/s/ap/20081005/ap_on_re_mi_ea/ml_al_qaida_american_video


THINGS HEATING UP ON ISRAEL'S NORTHERN BORDER

Israel is sending out word to the terrorists: DON'T TRY ANYTHING OR ELSE
http://www.newsmax.com/international/ml_israel_lebanon/2008/10/03/137108.html

PUTIN'S RUSSIA POKING FUN AT THE US

Having a good time kicking the US when it is in a down place may be fun for Putin, but his major problem is the vast sums of money that are fleeing Moscow and headed to New York and into dollars. Things apparently can be bad in the west, but the folks in Russia think things are much worse in Moscow
http://www.iht.com/articles/2008/10/02/europe/russia.php

Posted by LeCerveau at October 06, 2008 07:22 AM | Email This
Comments
1. My radical cubbymate came in this morning and stated he didn't like the 'going negative' McCain is doing. He thinks if you don't talk the issues, it means you don't have it.

I responded I looked at the fitness to be president. He asked incredulously, "you aren't serious, are you?"

I told him about the Obama kids and he replied it sounds like a right-wing tactic against Obama. After viewing the skit, he was silent. I didn't press him.

Posted by: swatter on October 6, 2008 08:23 AM
2. 1)You know, this is a good time for people to learn a few lessons from Dave Ramsey--the multi-millionaire who has a radio show in the afternoon from 3-7 on AM630 (no, I don't work for them; I'm just a fan of the show) and went completely broke 20 years ago, and from then on decided never to borrow a dime ever again. I think a lot of people would be well served to take a few lessons from good 'ol Dave.

2) Not a dime to California. Let them open up their shores for mucho drilling and rake in some $$ off that, while drastically cutting their bloated state budget.

3) "unless you have credit score of over 750 and a well documented income stream"...
Isn't that how banks used to do it--back when they functioned as intelligent institutions and didn't make loans to people who couldn't pay them back??? I think the good news in all this, is that banks are starting to return to practices that are prudent. In the long run, it is a good thing. and there are still people out there with good credit, and those who can improve their credit by paying down debts and saving some money when they're out of debt for a nice down payment. Homes are still selling in my neighborhood.

Thanks, LeCerveau, I always enjoy your updates!

Posted by: Michele on October 6, 2008 10:56 PM
3. I first entered the stock market in March after Y@K scare. The market tanked then. One guy conjectured that foreign investors thought the American banking system was better suited to survive any computer glitch at Y2K so they put their money in the American market.

Then, they took the money out after Y2K.

It seems the same thing is happening now. Investors just have to have more confidence with the American economy and market than any other country in the world. China is on fumes, Europe is scary, Dubai is hurting; so that leaves the good ole USA that the world so loves to hate.

When I saw the value of the dollar rise, I breathed a breath of fresh air.

Hugh Hewitt claims there will be three more ups and downs in the this election cycle with McCain being the beneficiary of the last surge.

Posted by: swatter on October 7, 2008 07:51 AM
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