Well everyone, I had to wait till late Friday before I entered this blog. After the prediction last week on the Hogs, I felt that my credibility was shot. I am a die hard fan, not a fair weather fan. I really want the team to do well. Hopefully we can do well tomorrow but I will not go out on a limb this week and predict a victory for the Razorbacks. Perhaps the criticism got to me or maybe I jinxed them. The Cowboys also went down to the Redskins. I will predict the Cowboys will beat up on the Bengals this weekend. Hopefully all of you will enjoy some good football this weekend and stay in touch. Please make your comments on this and other blogs that I have written.
Here's wishing you God speed and may you always keep the spirit.
Chuck
October 3, 2008
October 2, 2008
The Real Story Behind the "Bail Out"
In 1977 President Jimmy Carter sold the "Community Reinvestment Act" to Congress. This bill would require, by law, lending institutions to make low interest, no down payment loans to people in their local communities who where not likely to be able to pay them back. This laid the foundation for the crisis that we are seeing today. Maybe I should say this was the beginning of the destruction of our financial foundation. Government, in doing this, would begin to impose itself in the business of our financial institution. This was the biggest move toward socialism in this country since the"New Deal".
During the Reagan and Bush 41 years, the CRA, in the interest of reducing government interference in free market lending, was loosely enforced by those administrations. A dramatically lower number of high risk loans were made. Enter "Slick Willie". The Clinton Administration stiffened regulation and began strict enforcement of the "CRA". New regulation would make lending institution compliance less subjective and more numerical. Banks could no longer score an A for effort. They had to produce loans. A quota was enforced. This encouraged the involvement of Socialist leaning, foundation-funded, community "Watch-Dog" complaint groups like the "National Community Reinvestment Coalition". To keep the "NCRC' happy, banks like, "The Bank of New York" Pledged hundreds of millions of dollars to left leaning radical community activist groups like ACORN Housing. Interestingly enough this group was largely organized by a community organizer named "Barak Hussein Obama". This amounted to a sort of lending market extortion. If lenders didn't make a quota of these high risk loans and payoffs "NCRC" would blow the whistle and they would be penalized by the administration or perhaps even prosecuted in certain instances by the United States Justice Department. Remember that recently Obama tried to slip ACORN a little more cash in the first version of the "Constitution Extermination Act of 2008" AKA the "bailout" bill.
The pressure put on by laws and regs enforced by the Clinton administration drove lending institutions to make BAD LOANS. That's not "Wall Street Greed" that's "Socialism".
During the latter part of the Clinton administration and the early part of the Bush administration some recognizable names had taken the helm of Freddie, Fannie, and Leahman Bros., names like Franklin Reigns, Jimmie Johnson, and Robert Rubin. Sound familiar? Yep! These guys are now economic advisers to Obama.
By early 2003 these companies had spent years engaged in irresponsible lending and pay off of special interest groups. It had become necessary to hide the damage that such abuse and mismanagement had caused. The Bush administration called for a Congressional investigation into allegations of "Cooking The Books". This was dismissed quite speedily by Congressional Democrats such as future "Finance Committee Leader", Bernie Frank , senator Chuck Shumar and others who said that these institutions were solid. Interesting that the activist group, "ACORN" that is being investigated for fraudulent registration of Democrat voters, was receiving millions from these companies.
In 2005 , as I wrote in a previous editorial, McCain sponsored a bill that would reform regulation on these lending institutions which would relieve demands on these Lenders to make "High Risk" loans and provide oversight as to interaction with special interest groups such as ACORN. The Democrat party killed this bill. Imagine that. They weren't going to surrender their cash cow until they had drained it dry, and taken every dime of political extortion money they could wring out of its dying corps. They'd blame it's death on the current Republican administration,(remember the one who asked for the investigation), and set their party up for the presidency. They could complete their scheme by removing the last traces of "Free Market Capitalism" from it through regulation, and slip a few more bucks to ACORN in the process. At least Barak tried to. Voila'! Socialism! Complete governmental control!
The Democrat Party is in this up-to-their-neck. Their government regulation of this industry has caused this catastrophe and NOT "WALL STREET GREED !" Nice deflection huh? They've blamed it on Bush. It is disgraceful that the Democrats did this right under the Republican's nose. The fault of the Republican party in this whole thing is that their ignorance allowed this to go on. This loan machine was building the Democrat Party by buying Democrat votes and funding Democrat activist groups. This is the same kind of machine Clinton built in Arkansas with the"Arkansas Finance Developement Authority". Look it up. It's Deja vu but on a larger scale. Bill just built the same machine in Washington. Obama is riding Bill's machine. Now with this "bailout" the machine is about to be funded by the American tax payer. The "Constitution Extermination Act of 2008" is the "Perfect Storm" for the Democrat Socialist Party.
McCain can't vote against it. It will look like he's against the little guy. He can't vote against government control. That's what they say we've lacked under Bush. In truth it is extreme Democratic policy and government control established by Carter and Clinton that created the problem.
Government needs to get out of the way with its capital gains and windfall profits tax, put money back into the consumers hands, and let the free market solve this thing! It will hurt but there must not be a "Bail Out". Free Markets left alone will work!
Enjoy the video below!
During the Reagan and Bush 41 years, the CRA, in the interest of reducing government interference in free market lending, was loosely enforced by those administrations. A dramatically lower number of high risk loans were made. Enter "Slick Willie". The Clinton Administration stiffened regulation and began strict enforcement of the "CRA". New regulation would make lending institution compliance less subjective and more numerical. Banks could no longer score an A for effort. They had to produce loans. A quota was enforced. This encouraged the involvement of Socialist leaning, foundation-funded, community "Watch-Dog" complaint groups like the "National Community Reinvestment Coalition". To keep the "NCRC' happy, banks like, "The Bank of New York" Pledged hundreds of millions of dollars to left leaning radical community activist groups like ACORN Housing. Interestingly enough this group was largely organized by a community organizer named "Barak Hussein Obama". This amounted to a sort of lending market extortion. If lenders didn't make a quota of these high risk loans and payoffs "NCRC" would blow the whistle and they would be penalized by the administration or perhaps even prosecuted in certain instances by the United States Justice Department. Remember that recently Obama tried to slip ACORN a little more cash in the first version of the "Constitution Extermination Act of 2008" AKA the "bailout" bill.
The pressure put on by laws and regs enforced by the Clinton administration drove lending institutions to make BAD LOANS. That's not "Wall Street Greed" that's "Socialism".
During the latter part of the Clinton administration and the early part of the Bush administration some recognizable names had taken the helm of Freddie, Fannie, and Leahman Bros., names like Franklin Reigns, Jimmie Johnson, and Robert Rubin. Sound familiar? Yep! These guys are now economic advisers to Obama.
By early 2003 these companies had spent years engaged in irresponsible lending and pay off of special interest groups. It had become necessary to hide the damage that such abuse and mismanagement had caused. The Bush administration called for a Congressional investigation into allegations of "Cooking The Books". This was dismissed quite speedily by Congressional Democrats such as future "Finance Committee Leader", Bernie Frank , senator Chuck Shumar and others who said that these institutions were solid. Interesting that the activist group, "ACORN" that is being investigated for fraudulent registration of Democrat voters, was receiving millions from these companies.
In 2005 , as I wrote in a previous editorial, McCain sponsored a bill that would reform regulation on these lending institutions which would relieve demands on these Lenders to make "High Risk" loans and provide oversight as to interaction with special interest groups such as ACORN. The Democrat party killed this bill. Imagine that. They weren't going to surrender their cash cow until they had drained it dry, and taken every dime of political extortion money they could wring out of its dying corps. They'd blame it's death on the current Republican administration,(remember the one who asked for the investigation), and set their party up for the presidency. They could complete their scheme by removing the last traces of "Free Market Capitalism" from it through regulation, and slip a few more bucks to ACORN in the process. At least Barak tried to. Voila'! Socialism! Complete governmental control!
The Democrat Party is in this up-to-their-neck. Their government regulation of this industry has caused this catastrophe and NOT "WALL STREET GREED !" Nice deflection huh? They've blamed it on Bush. It is disgraceful that the Democrats did this right under the Republican's nose. The fault of the Republican party in this whole thing is that their ignorance allowed this to go on. This loan machine was building the Democrat Party by buying Democrat votes and funding Democrat activist groups. This is the same kind of machine Clinton built in Arkansas with the"Arkansas Finance Developement Authority". Look it up. It's Deja vu but on a larger scale. Bill just built the same machine in Washington. Obama is riding Bill's machine. Now with this "bailout" the machine is about to be funded by the American tax payer. The "Constitution Extermination Act of 2008" is the "Perfect Storm" for the Democrat Socialist Party.
McCain can't vote against it. It will look like he's against the little guy. He can't vote against government control. That's what they say we've lacked under Bush. In truth it is extreme Democratic policy and government control established by Carter and Clinton that created the problem.
Government needs to get out of the way with its capital gains and windfall profits tax, put money back into the consumers hands, and let the free market solve this thing! It will hurt but there must not be a "Bail Out". Free Markets left alone will work!
Enjoy the video below!
October 1, 2008
What is going to happen to our local economy?
You are probably asking yourselves, your friends, and your co-workers what they think about everything going on right now in our national economy, and more specifically, here in our community. Make no mistake about what is going on right now; its confusing, its worrisome, and its not anything that has an end in sight any time soon. But what you can be reassured about is that like previous challenges to our economy in the past, we will bounce back and we will enjoy good times but we don’t know how long it will take for this to happen.
There are different stories from different angles depending on what you watch, listen to, or read. Even what you are reading from me is an angle that you will have to determine if you believe it or not and if you will change anything you are doing. Our faith in our elected officials may be low, and may not come back up in the very near future. Our faith in what lies ahead is probably pretty low, too. But our faith should not be low in ourselves, or the faith in the American People as a whole and our resiliency to bounce back from this very tough, very challenging time we are in. Consumer sentiment is something that drives the outlook of our economy, and if you are not spending, that causes our economy to slow down because money is not flowing through our nation. It may sound crazy for me to say this, but don’t lose your willingness to spend because of this uncertainty. Don’t lose your faith that our economy will not bounce back. Don’t you’re your positive attitude in favor of having a fearful attitude. It has been said that the two things that drive our economy are greed and fear. Low and behold, it has come true. But something else drives our economy, and that is you and I, and what we do with our money.
This year, take some time and think about how you can help your local economy. Before the Holiday Season really gears up and Walmart puts out its holiday items, consider spending locally. There is some truth in how it is a little slow on the trickle down from what happens in
The consequences of not doing this are very real. Of the over 300 members we have here at the Chamber, 80% of those are small businesses that have 20 employees or less. Small businesses are the backbone of our economy, both here in
September 30, 2008
INFLUENZA
Submitted by Delores Jones, RN
Introduction:
Influenza, also called flu, is a contagious respiratory illness caused by influenza viruses. It can cause mild to severe illness, and at times can lead to death. The best way to prevent the flu is by getting a flu vaccination each year. Every year in the United States, on average: 5% to 20% of the population get the flu; more than 200,000 people are hospitalized from flu complications, including 20,000 children; and About 36,000 people die from flu.
Preventing Flu:
The single best way to protect against the flu is to get vaccinated each year. October through December is the best time to get vaccinated, but getting vaccinated later in the flu season still provides protection, as flu season normally peaks in January or later.
Who Should Get Vaccinated?
In general, anyone who wants to reduce their chances of getting the flu can and should get vaccinated every year. Annual vaccination is especially important for people at high risk of having serious flu-related complications, or people who live with or care for high-risk individuals. People who should get vaccinated each year are: Children 6 months through 18 years of age, Pregnant women, People 50 years of age and older, People of any age with certain chronic medical conditions, and People who live in nursing homes and other long-term care facilities. People who live with or care for those at high risk for complications from flu, including: Household contacts of persons at high risk for complications from the flu (see above), Household contacts and out-of-home caregivers of children less than 6 months of age (these children are too young to be vaccinated), and Healthcare workers.
Flu Symptoms:
Fever (usually high), headache extreme tiredness, dry cough, sore throat, runny or stuffy nose, muscle aches, nausea, vomiting, and diarrhea (more common in children than adults) Flu Complications can include bacterial pneumonia, ear infections, sinus infections, dehydration, and worsening of chronic medical conditions, such as congestive heart failure, asthma, or diabetes.
How Flu Spreads:
Flu viruses spread from person to person mainly when infected individuals cough or sneeze. Sometimes people might become infected by touching an object with flu viruses on it and then touching their mouth or nose. Most healthy adults can infect others beginning 1 day before symptoms develop and up to 5 days after becoming sick. That means you might be able to pass on the flu to someone else before you know you are sick, as well as while you are sick.
Introduction:
Influenza, also called flu, is a contagious respiratory illness caused by influenza viruses. It can cause mild to severe illness, and at times can lead to death. The best way to prevent the flu is by getting a flu vaccination each year. Every year in the United States, on average: 5% to 20% of the population get the flu; more than 200,000 people are hospitalized from flu complications, including 20,000 children; and About 36,000 people die from flu.
Preventing Flu:
The single best way to protect against the flu is to get vaccinated each year. October through December is the best time to get vaccinated, but getting vaccinated later in the flu season still provides protection, as flu season normally peaks in January or later.
Who Should Get Vaccinated?
In general, anyone who wants to reduce their chances of getting the flu can and should get vaccinated every year. Annual vaccination is especially important for people at high risk of having serious flu-related complications, or people who live with or care for high-risk individuals. People who should get vaccinated each year are: Children 6 months through 18 years of age, Pregnant women, People 50 years of age and older, People of any age with certain chronic medical conditions, and People who live in nursing homes and other long-term care facilities. People who live with or care for those at high risk for complications from flu, including: Household contacts of persons at high risk for complications from the flu (see above), Household contacts and out-of-home caregivers of children less than 6 months of age (these children are too young to be vaccinated), and Healthcare workers.
Flu Symptoms:
Fever (usually high), headache extreme tiredness, dry cough, sore throat, runny or stuffy nose, muscle aches, nausea, vomiting, and diarrhea (more common in children than adults) Flu Complications can include bacterial pneumonia, ear infections, sinus infections, dehydration, and worsening of chronic medical conditions, such as congestive heart failure, asthma, or diabetes.
How Flu Spreads:
Flu viruses spread from person to person mainly when infected individuals cough or sneeze. Sometimes people might become infected by touching an object with flu viruses on it and then touching their mouth or nose. Most healthy adults can infect others beginning 1 day before symptoms develop and up to 5 days after becoming sick. That means you might be able to pass on the flu to someone else before you know you are sick, as well as while you are sick.
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