U.S. Election…………….Dollars

Think back to when the electioneering actully started maybe 2 years ago and then think………Obama, Clinton, McCain, Edwards and all and sundry.  Between them they have raised millions of dollars in this fight to get to the White House, just imagine all the good that could have been done with that money, money that has been given by rich and famous people who hope for special favours somewhere down the track. TV companies are the main beneficiaries along with the newspapers etc. They should be ashamed of themselves for spending all that dough on themselves and their hangers on. Money they could have been spent on schools, hospitals and the needy. They have the cheek to say they want to eliminate poverty, well that money would have gone along way to solve some of it coming up to christmas for a lot of needy people. Just cements my view, polititians are the scum of this earth.

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U.S. Election…………..Wall Street

Now all the debates are over and confusion still reigns supreme there are still doubfuls and hopefulls that dont know who to vote for.  How could they most of the the time leading up to this election has been spent trying to nail the vice presidential nominees to the cross. Foreign policy is a big issue and who knows the most about it. Meanwhile Wall St is at rock bottom (Americas new Skid Row) and argueing who is going to do what with their share of the hand out. But  Sarah Palins comment that she can see Russia from Alaska is far more important in the media than the price of food gas and mortgages etc. So who is the shining star thats going to put everything right my thoughts are neither of them. Whoever wins this election is heading into a political minefield and capitol hill is going to be a battleground for polititians that let this all happen. Also is everyone convinced that th true losses on Wall Street have been disclosed or are there more to come, other banks waiting on the sidelnes ready disclose losses and get another hadout? Who knows I personally think there are. The statements of losses and the acceptances of it by the government and the eventual payout to the same people who lost it was too cut and dried for my liking. So with the world waiting to see who is going to be in charge of the US in the next 4 years lets hope the new president or superman which he is going to have to be really knows what he needs to do and knows more than the debates have shown

U.S. Turmoil

Hers and extract from the Business Spectator………………..

Robert Gottliebsen

Getting what it deserves

 

When a country elects bad politicians it deserves a recession. It’s the only way to knock some sense into its constituents. That’s the current situation in the US, but unfortunately the whole world will suffer

Let me illustrate this with two sickening examples. One of the deepest causes of division in Congress is that fact that Fannie Mae and Freddie Mac have been big contributors to the Democratic Party, and particularly Barrack Obama who chose their key executives to advise him on mortgages.

A few years ago Republicans in Congress discovered major problems in the structures of Fannie Mae and Freddie Mac and demanded proper regulation. The Democrats, given their close monetary and other ties with the mortgage insurers, rejected the demands.

The Republicans were absolutely right – strong opposition from the Democrats was a big factor in determining the need to bail out the two mortgage insurers. It has left a very nasty taste in everyone’s mouth. John McCain has run television commercials on the subject but his voice on this matter has been washed out by the noise surrounding the bail out.

But one of the most bizarre events that has ever happened in a democratically elected parliament anywhere in the world is taking place right now in the US.

While Congress is debating a make-or-break decision for the US, they find the need to add on a series of crazy pork barrel amendments that have nothing to do with the bailout crisis. In other words, votes are being secured on the basis of support for pet causes that have nothing to do with the bailout.

There are a number of these causes, but Lisa Zagaroli of McClatchy Newspapers describes the silliest – a tax break for NASCAR racetracks and other motor-sports facilities.

She says: “The Senate-passed bill includes an array of so-called ‘tax extenders’. One extends for two years a tax policy that had been allowed to expire in December that lets motor sports facilities be treated the same as amusement parks and other entertainment complexes for tax purposes.

“That break allowed them to write off their capital investments over a seven-year period. The motor sports industry feared that without a specific legal clarification, motor sports facilities would be required to depreciate their capital over 15 years or longer because of a recent Internal Revenue Service inquiry into the matter. That would make repaved tracks and new concession stands more expensive in the short term,” Zagaroli writes.

She reveals that the bill to extend the tax treatment has been proposed by two House of Representative members who opposed the bailout in last week’s bill.

It reminds me of the Roman Empire.

U.S.Election

3rd October 2008 tonight the big debate Sarah Palin V Joe Biden main topic appeas to be foreign policy. Very Interesting. Lets not forget that this about being Vice President and if youre capable to handle the job of president should the president Kark it.

Lets have a look at the current situation or how it has been for the past eight fours. The Vice President is and has been Dick Cheney, thats just in case you have never heard of him. Did he or has he ever had a foreign policy, does anyone know what it is or was? Australian troops have been fighting side by side with US forces in Afganistan  and Iraq, does Cheney know where Australia is? I doubt it very much. Outside of the U.S. Dick Cheney is a nobody but everybody and his/her dog knows Condelessa Rice shes the front person and seems tireless in her movements around the world trying to bring people together. So whats all this foreign policy bullshit, Obama knows no more than Palin or Biden. Congress will create the policy thats to be carried out regardless of any thoughts Obama, McCain, Palin or Biden may have.  The Polidiots will create the policy and somebody like Ms Rice will go around the world spruking it and try and do what they hope can be done. On the other matter Vice President becoming President if something awful occurs are you the American people telling me you endorsed Dick Cheney because you thought he could govern your  country as president. Get outer here youre f…..king kiding me, so when is someone gonna stand up and tell the truth and have the guts to say we dont want Palin because she is a FEMALE and Obama didnt have the brains to select Hilary Clinton as his running mate. Obama is a showman and right now the polidiots are turning the USA  into a circus so he might just feel at home in the White House…… Sorry folks but thats my opinion.