Congress is now wondering what Mr Paulson is doing with the $700 billion that they put in his lap about 3 weeks ago. Where is the oversite? Why is he changing his mind? Because Congress was in such a hurry to "fix" the problem, nothing was really thought out before the money was allocated.
And now they are getting ready to bailout the auto industry. $25 Billion for what? - To prolong the misery. If they would just let the companies in trouble dig themselves out or go bankrupt, they would have to get rid of the leadership that put them in financial trouble in the first place. The union contracts would go out the window and everyone would have to get real about salaries and benefits that will keep the American automobile competitive. Please Congress, President Bush and President elect Obama, "No more bailouts!"
Wednesday, November 19, 2008
Sunday, November 16, 2008
Obama meets with McCain tomorrow?
When I heard this was actually happening I pondered what the reason could be. The only thing the two men are close to agreement on is immigration. I just hope and pray that they will not be meeting to greatly ease the immigration requirements. If that happens it won't be long and we can change the name of you know which state to Mexifornia. It will also potentially make it easier for terrorists to infiltrate our country something that is already too easy to do...
Friday, November 14, 2008
First Reactions to President Elect Obama
With the new President on the horizon, it is uplifting to see the positive reaction that the country is taking toward his election. While the actual numbers continue to be in the toilet, consumer sentiment is definitely on the rise - a direct reflection of Obama's magnetism.
The whole country is in anticipation for January 20 when he takes the reigns and begins to make the decisions. And with the economic situation the way it is, he has a major task in front of him. As I stated in a previous blog, I am opposed to the $700 billion dollar bail out package and I certainly am opposed to throwing money at any other major concern that is in trouble. Paulson took the $700 billion and has changed his mind on how to spend it. He now wants to shore up financial institutions that offer consumer credit rather than purchasing troubled assets. This may be a better way to spend the money but what bothers me, you'd think they would have come up with that in the first place.
President elect Obama had the ability to get huge quantities of money to run his campaign from such organizations as MoveOn.org and the big labor unions. They are already expecting him to fully keep his campaign promises, a task that may be harder than it seems.
His opposition to the Iraq war is undeniable. He was the only major candidate who opposed the war from the beginning, wants to cut investments in unproven missile defense systems, will not weaponize space, will slow the development of future combat systems, and has set a goal to have a world without nuclear weapons, a very worthy goal but is one that I believe is unattainable.
Joe Biden said the worlds thugs will test the future president and they may already be setting the stage by recently increasing the enemy activity in Iraq. With Obama having said he wanted diplomatic talks with Iran, he has to see that this increase in activity in Iraq is a direct Iranain challenge to his incoming regime. Many tough decisions are looming for this man when he takes office.
Romans 13:1-7 talks about God's hand with respect to the worlds governments. Read it if you are so inclined. I support future president Obama and I pray for his success....
The whole country is in anticipation for January 20 when he takes the reigns and begins to make the decisions. And with the economic situation the way it is, he has a major task in front of him. As I stated in a previous blog, I am opposed to the $700 billion dollar bail out package and I certainly am opposed to throwing money at any other major concern that is in trouble. Paulson took the $700 billion and has changed his mind on how to spend it. He now wants to shore up financial institutions that offer consumer credit rather than purchasing troubled assets. This may be a better way to spend the money but what bothers me, you'd think they would have come up with that in the first place.
President elect Obama had the ability to get huge quantities of money to run his campaign from such organizations as MoveOn.org and the big labor unions. They are already expecting him to fully keep his campaign promises, a task that may be harder than it seems.
His opposition to the Iraq war is undeniable. He was the only major candidate who opposed the war from the beginning, wants to cut investments in unproven missile defense systems, will not weaponize space, will slow the development of future combat systems, and has set a goal to have a world without nuclear weapons, a very worthy goal but is one that I believe is unattainable.
Joe Biden said the worlds thugs will test the future president and they may already be setting the stage by recently increasing the enemy activity in Iraq. With Obama having said he wanted diplomatic talks with Iran, he has to see that this increase in activity in Iraq is a direct Iranain challenge to his incoming regime. Many tough decisions are looming for this man when he takes office.
Romans 13:1-7 talks about God's hand with respect to the worlds governments. Read it if you are so inclined. I support future president Obama and I pray for his success....
Sunday, November 2, 2008
October 31, Halloween, Nevada Day or....
October 31 is day to remember because of its significance with respect to Christianity. On October 31, 1517, Martin Luther posted a proposal at the doors of a church in Wittenberg, Germany to debate the doctrine and practices of Indulgences. This proposal is popularly known as the 95 Theses which he nailed to the Castle Church doors. An indulgence is the full or partial remission of temporal punishment due for sins which have already been forgiven according to Roman Catholic theology.
During some rough times in the Catholic Church these indulgences were sold much to the dismay of Martin Luther. When Luther was excommunicated in 1520 the Lutheran tradition was born which in turn led to the creation of the Reformed traditions of which my church is a member.
So we spent the evening having a delicious meal compliments of mom where there was so much food we could not eat it all. It was a great celebration!
During some rough times in the Catholic Church these indulgences were sold much to the dismay of Martin Luther. When Luther was excommunicated in 1520 the Lutheran tradition was born which in turn led to the creation of the Reformed traditions of which my church is a member.
So we spent the evening having a delicious meal compliments of mom where there was so much food we could not eat it all. It was a great celebration!
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