Forum: HoseHeads Sprint Car General Forum (go)
Moderators: dirtonly  /  dmantx  /  hosehead

Some of you guys will love this John Prine song. For the rest you, oh well and WAKE UP!...LOL

http://www.youtube.com/watch?v=-kTctirEPns

Half the lies they tell about me aren't true. 

omg! your not saying! oh shiiit, i can't believe it! i didn't know that! wonder what any other pres would have done back then ? if you elect me, i'll send jane fonda after them and really teach them, and if she can't get it done, i'll send MOORE , and i know he will put a movie together that will send them packin! idiots

oh, i forgot to ask you fix it alls, did moore make you a movie called black hawk down? didn't think so, he is party aligned also!

That's okay, the Neo-cons will just keep voting that way, because they're not the Dems (by title), just like the Dems keep voting for their candidates, because they're not the Reps (by title). Still at 97% combined in this poll.... And by reading all of these cut and paste posts, you can tell that nobody thinks for themself, they just follow what they've been spoon fed by their chosen party shills.

WTF; I am !!!

Long Live  20 Time  World Of Outlaws Champion Steve 
Kinser #11 

I think the majority of the cut&pastes are serving two purposes.

1. It gives a point of reference for a particular argument.

2. Posting a link to an article is a helluva lot easier than typing out an articles worth of content. Why do that when you already have available reference points that's already done it for you?

I will agree, most don't think for themselves or even bother finding information on an alternate view point but, I don't think you can attribute all of them to that.

...

where is OKC - did he have to get a job to pay off the bet he lost?

Lincoln 1845 ft/.35 mile T1=118MPH 
Eldora 2287 ft/.43mile T3=135MPH
Port 2716 ft/.51 mile T3=TBD
Grove 2792 ft/.53 mile T3=135MPH
Selinsgrove 2847 ft/.54 mile T1=136MPH
"I didn't move to PA from El Paso in search of better 
weather." Van May

Barry's old lady? or Okies Ma? lol

Save your butt, get a colon screening TODAY

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Thanks for posting for BRR. Even I can't believe they have Obama up 311 to 226. http://www.fivethirtyeight.com/

Looks like the bottom 95% still stands a chance that McCain won't be taxing our healthcare benefits or plundering the last thing we left, all the Social Security money we've paid in over the years. Who knows though, the GOP seems to be pretty dead set on running the country into the ground for good. Where there is a will, there is a way...lol.

 
 
 
They don't even know how to spell sprint car 
much less chromoly...http://www.ycmco.com

http://www.electoral-vote.com/ - same battle ground issues for BHO

at least until McCain ADS hit with the real story on how the Clinton "Community Reinvesment Act" created a mandate for predatory subprime lending to effected neighborhoods -to be carried out by Raines!

when will Raines return the money he stole from poor neighborhood mortgage holders?

or maybe he already donated it all to BHO?

Lincoln 1845 ft/.35 mile T1=118MPH 
Eldora 2287 ft/.43mile T3=135MPH
Port 2716 ft/.51 mile T3=TBD
Grove 2792 ft/.53 mile T3=135MPH
Selinsgrove 2847 ft/.54 mile T1=136MPH
"I didn't move to PA from El Paso in search of better 
weather." Van May

looks like the liberal chickens are coming home to roost on the Fannie / Freddie debacle they created for themselves!

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0

How the Democrats Created the Financial Crisis: Kevin Hassett

Commentary by Kevin Hassett

Sept. 22 (Bloomberg) -- The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear Stearns Cos. to American International Group Inc., ambiguity has been a big part of the story.

Why did Bear Stearns fail, and how does that relate to AIG? It all seems so complex.

But really, it isn't. Enough cards on this table have been turned over that the story is now clear. The economic history books will describe this episode in simple and understandable terms: Fannie Mae and Freddie Mac exploded, and many bystanders were injured in the blast, some fatally.

Fannie and Freddie did this by becoming a key enabler of the mortgage crisis. They fueled Wall Street's efforts to securitize subprime loans by becoming the primary customer of all AAA-rated subprime-mortgage pools. In addition, they held an enormous portfolio of mortgages themselves.

In the times that Fannie and Freddie couldn't make the market, they became the market. Over the years, it added up to an enormous obligation. As of last June, Fannie alone owned or guaranteed more than $388 billion in high-risk mortgage investments. Their large presence created an environment within which even mortgage-backed securities assembled by others could find a ready home.

The problem was that the trillions of dollars in play were only low-risk investments if real estate prices continued to rise. Once they began to fall, the entire house of cards came down with them.

Turning Point

Take away Fannie and Freddie, or regulate them more wisely, and it's hard to imagine how these highly liquid markets would ever have emerged. This whole mess would never have happened.

It is easy to identify the historical turning point that marked the beginning of the end.

Back in 2005, Fannie and Freddie were, after years of dominating Washington, on the ropes. They were enmeshed in accounting scandals that led to turnover at the top. At one telling moment in late 2004, captured in an article by my American Enterprise Institute colleague Peter Wallison, the Securities and Exchange Comiission's chief accountant told disgraced Fannie Mae chief Franklin Rainesthat Fannie's position on the relevant accounting issue was not even ``on the page' of allowable interpretations.

Then legislative momentum emerged for an attempt to create a ``world-class regulator' that would oversee the pair more like banks, imposing strict requirements on their ability to take excessive risks. Politicians who previously had associated themselves proudly with the two accounting miscreants were less eager to be associated with them. The time was ripe.

Greenspan's Warning

The clear gravity of the situation pushed the legislation forward. Some might say the current mess couldn't be foreseen, yet in 2005 Alan Greenspan told Congress how urgent it was for it to act in the clearest possible terms: If Fannie and Freddie ``continue to grow, continue to have the low capital that they have, continue to engage in the dynamic hedging of their portfolios, which they need to do for interest rate risk aversion, they potentially create ever-growing potential systemic risk down the road,' he said. ``We are placing the total financial system of the future at a substantial risk.'

What happened next was extraordinary. For the first time in history, a serious Fannie and Freddie reform bill was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets.

Different World

If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions. Without their checkbooks keeping the market liquid and buying up excess supply, the market would likely have not existed.

But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter.

That such a reckless political stand could have been taken by the Democrats was obscene even then. Wallison wrote at the time: ``It is a classic case of socializing the risk while privatizing the profit. The Democrats and the few Republicans who oppose portfolio limitations could not possibly do so if their constituents understood what they were doing.'

Mounds of Materials

Now that the collapse has occurred, the roadblock built by Senate Democrats in 2005 is unforgivable. Many who opposed the bill doubtlessly did so for honorable reasons. Fannie and Freddie provided mounds of materials defending their practices. Perhaps some found their propaganda convincing.

But we now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years.

Throughout his political career, Obama has gotten more than $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac, second only to Dodd, the Senate Banking Committee chairman, who received more than $165,000.

Clinton, the 12th-ranked recipient of Fannie and Freddie PAC and employee contributions, has received more than $75,000 from the two enterprises and their employees. The private profit found its way back to the senators who killed the fix.

There has been a lot of talk about who is to blame for this crisis. A look back at the story of 2005 makes the answer pretty clear.

Oh, and there is one little footnote to the story that's worth keeping in mind while Democrats point fingers between now and Nov. 4: Senator John McCain was one of the three cosponsors of S.190, the bill that would have averted this mess.

(Kevin Hassett, director of economic-policy studies at the American Enterprise Institute, is a Bloomberg News columnist. He is an adviser to Republican Senator John McCain of Arizona in the 2008 presidential election. The opinions expressed are his own.)

Lincoln 1845 ft/.35 mile T1=118MPH 
Eldora 2287 ft/.43mile T3=135MPH
Port 2716 ft/.51 mile T3=TBD
Grove 2792 ft/.53 mile T3=135MPH
Selinsgrove 2847 ft/.54 mile T1=136MPH
"I didn't move to PA from El Paso in search of better 
weather." Van May

(Kevin Hassett, director of economic-policy studies at the American Enterprise Institute, is a Bloomberg News columnist. He is an adviser to Republican Senator John McCain of Arizona in the 2008 presidential election. The opinions expressed are his own.)

If you are going to be highlight happy, why not highlight that this is the opinion of one of John McCain's advisers?

TONY RAINES is a $126k contributor in hush money to Barak Obama and is on his ADVISORY COMMITTEE, in spite of making off with $100 million in compensation at the expense of taxpayers and the homes of the working poor.

please point out what part of the article is not true...surely you have something other than a foot note?

the part where the democrats set the table for disaster, then walked away from the responsibility when they were told by ARMPIT GREENSPAN that the shit was going to hit the fan?

hightlight that...if you can gtt da kool aide bottle out chew mouf...

Lincoln 1845 ft/.35 mile T1=118MPH 
Eldora 2287 ft/.43mile T3=135MPH
Port 2716 ft/.51 mile T3=TBD
Grove 2792 ft/.53 mile T3=135MPH
Selinsgrove 2847 ft/.54 mile T1=136MPH
"I didn't move to PA from El Paso in search of better 
weather." Van May

I preferred Smokin Ray Cokin myself!

just what i thought, not a 1 of ya really know jack crap when it comes down to it. just copy and paste some internet crap from who knows where, were any of you ever even to a sprint car race, i'm starting to wonder?

http://www.bobbarr2008.com/press/press-releases/133/bob-barr-files-suit-in-texas-to-remove-mccain-obama-from-ballot/

Press Releases › Bob Barr Files Suit in Texas to Remove McCain, Obama from Ballot

...

IIRC, there is actually no money in the Social Security Trust Fund, but rather a bunch of IOUs from the government... So, it's already been plundered. Maybe I'm just stupid, but it seems to me that actually having this money INVESTED, instead of being pissed away with the rest of the money we freely give to the government, hoping that some day it will be returned, would be a smarter way to go.