September 21, 2008

The $700 Billion Bailout

Posted by Adam Graham in : Podcast,Presidential Race 2008

Podcast Show Notes

A $700 billion bail out for the troubled financial industry, but will it work?

Mitch McConnell is naive if he thinks the bill won’t be loaded down with pet projects.

Plus Obama’s misleading response to an Independent group’s abortion ad and their response to him.

Did Obama turn down a plush wall-street opportunity? His former colleagues tell all. (Hat Tip: Michelle Malkin.)

Plus, Obama’s defense of horse and buggy industries?

And isn’t Universal Voluntary National Service an oxymoron? (Hat Tip: Obama Watch.)

Plus, hope in Barack Obama’s gun-free Chicago: Kids’ greatest fear: being shot. (Hat Tip: Idaho Values Alliance.)

Why is the media only concerned with the privacy of terrorists whileblaming the victim in the case of Sarah Palin’s e-mail being hacked.  (Hat Tip: Instapundit and Wizbang)

Unhinged liberals get angry because a TV reporter looks like Sarah Palin.

A college investigates a professor who handed out an anti-Palin assignment. (Hat Tip: Right Wing News.)

Democrats threaten the tax exempt status of an Iranian organization in order to get them to disinvite Palin. (Hat Tip: Wizbang.)

Suspected voter fraud by ACORN in North Carolina.  (Hat Tip: Instapundit.)

ACORN goes to school. (Hat Tip: Michelle Malkin.)

1,100 fraudulent voter registration cards show up in New Mexico’s largest county.  (Hat Tip: Malkin.)

A Vermont Attorney General’s Platform: Prosecute President Bush for murder! (Hat Tip: Jules Crittenden.)

While our Congress is in fiscal crisis, Harry Reid works to preserve earmarks. (Hat Tip: Instapundit.)

Why the House energy bill won’t work according to one member of Congress.

Our second Amendment update: Americans using the right to keep and bear arms to defend their property and their lives.

A Florida Democratic Congressman’s son charged with human trafficking.

Louisiana Governor Bobby Jindal’s superb leadership through hurricane seasons. (Hat Tip: The Corner.)

While consecreting homosexual bishops the U.S. Episcopal Church defrocks a traditionalist.

Southern Baptist provided vital relief work including half a million meals per day in the aftermath of Hurricane Ike.

Plus, think secularism will make us more rational? Non-Religious folks are more superstitious than Christians according to a new study. (Hat Tip: The Corner.)

Click here to listen, click here to download.

Trackposted to , Rosemary’s Thoughts, third world county, Woman Honor Thyself, Right Truth, The World According to Carl, Shadowscope, The Pink Flamingo, Cao’s Blog, Democrat=Socialist, NN&V, and Stageleft, thanks to Linkfest Haven Deluxe.

6 Comments

  1. Trackback by Rosemary's Thoughts

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  2. Comment by Rosemary

    Hi Adam. How are you? That’s a great list of items and issues. Keep on keepin the faith. 😉

  3. Trackback by Rosemary's Thoughts

    NFL Scores ‘n Picks Week 3: 21 Sept 08…

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  4. Comment by MauiDee

    I’ve been looking for the adult in this whole credit cleanup mess. Yes, we know that something needs to be done. What is especially alarming, however, is that suddenly, Secretary Paulsen is acting like a used car salesman in wanting a decision tomorrow. Requesting the blessing of Congress of oh, only about 700 billion dollars from our Federal Reserve, and right NOW, is very telling. It signals alarm and helplessness on the part of the officials we expect to have a handle on economic matters.

    Here’s what the adult needs to do now:
    1. Find out the true value of the financial mess that needs to be bailed out. About $700 billion is not good enough. We need to know WHO will be bailed out and what the ACTUAL COST WILL BE. To say we don’t have enough time to determine this is crazy. No bank would make a loan if they don’t know whom they are making the loan to or the amount they are loaning. Our Federal Government cannot make a loan of this proportion without this information. If we have to close down the markets for two weeks or two months in order to find out, so be it.
    2. Set up regulations on the institutions that are to be bailed out. Among these are of course, restrictions on the amount of compensation to be given to the CEO’s who allowed the bad decisions that drove them to insolvency. No money will be used for political lobbying is another necessary regulation.
    3. A fund must be set up to insure that diligent homeowners will not have their mortgages foreclosed due to inflated interest rates or the failure of the economic policies that allowed this major crisis. All mortgage holders who are earnest in wanting to keep their home mortgages must be given the opportunity to refinance at a rate that is fair.
    4. Regulations on future lending practices need to be completely examined, loan packaging, stock market practices preventing naked selling and restoring the uptick rule, regulations on other shoddy behavior of hedge fund managers all need to be addressed, but not as part of the immediate crisis.

    Let’s be adults about this. Surely America can withstand this financial crisis. Surely we can be calm and thoughtful in making these decisions. We do not need to hurry into a frenzied, sloppy attempt to correct a situation that has been a long time in coming and will take a long time to repay. There is always time to think through a situation and come to a rational decision.

  5. Comment by Chris Hutcherson

    Now that the Senate has passed the 700 billon bailout has Obamas destiny been sealed?

  6. Pingback by Nutso Judge, Videos: Covers Many Topics, POW/MIA « Rosemary’s News and Ideas

    […] Friends I have trackbacked to through Linkfest and others: Blog @ MoreWhat.com – Heather Mills’ Million Dollar Vegan Fest, D=S VIDEO DUMP – a day at the range with Rush Limbaugh, Mark My Words – Obama continues his infanticide lies, Adam’s Blog – The $700 Billion Bailout. […]

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