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Saturday, February 28, 2009

Headlines From The Edge: Feb 28 2009

Obama Proposes Starfleet as Part of Stimulus

President Barack Obama revealed an ambitious part of his stimulus plan today, ordering the construction of twelve Constitution Class starships. "This is just the sort of bold thinking we need to take us into the next several centuries," he said. "And don't worry about the price tag. You've seen Star Trek. By the time our Starfleet is finished, money won't exist anyway. It's a win-win proposition. And this should put an end to the talk about me changing the constitution. C'mon. They're called 'Constitution Class' for a reason."

Increase in Alien Visitors Due to Recession

Alien Ambassador #@")€¥123007 spoke before a joint session of Congress today, making the case for alien university students. He explained that the world-wide recession is a boon for students in his home galaxy. He said, through an interpreter, that students would typically have trouble abducting subjects for their research projects, but with times so tough on Earth, a few dollars or a can of pork and beans have volunteers lining up for miles. The ambassador added that any attempt to ease the recession could set the study of humans back by at least fifty years.

Man Literally Laughs All the Way to the Bank

A man who refused to identify himself left his small house in Americus, Georgia and walked to a local Bank of America branch, literally laughing all the way to the bank. Witnesses said that he was laughing when he stepped out of his house, and kept laughing as he walked down the sidewalk. He safely crossed three intersections and then a full city block, and was still laughing when he walked into the bank. There was noone walking with him, and the local CTU (Counter-Terrorism Unit) office reported that he was not using a cellphone or mobile device of any kind. Whether he is actually off his rocker, or might be the bank CEO is still a matter of speculation.



How Much Star Trek Can You Handle?
Fantasy Trek. Not Just a Game. It's a Star Trek Experience
http://fantasytrek.blogspot.com

Tuesday, February 24, 2009

Kapact's Rant: Hope You Enjoy Your Change

I saw a curious thing at the grocery store the other day, and it really just speaks to something I see often and try not to be bothered by. That's a person using their EBT card at the store (that's what they get so they can feel better about using foodstamps, and so its harder to trade them for booze and cigarettes), proudly wearing an Obama t-shirt. People can have their opinions and beliefs. I don't care. But it is just so perfectly summed up when they get their expensive deli meat, swiss cheese, french fries, chips, and soda on my tax dollar, and are then reminded that they can't use it for the Red Bull. Well, sorry, Obama supporter. Hope he can change that for you. On my tax dollar. I can't afford expensive deli meat, swiss cheese, french fries, chips, and soda, because I'm busy paying for yours. Enjoy.

Repeating From Last Week:

The housing meltdown which is at the heart of our crisis started in earnest in 1992 when Mister Clinton had the great idea to sell houses to low-income voters who couldn't afford them. No question that both sides ignored the problem but got rich off the over-inflated bubble, but it started under Bill Clinton. The records are there. Here are a few links that show just what I'm talking about:

From The New York Times in 1999: Fannie Mae Eases Credit To Aid Mortgage Lending (http://query.nytimes.com/gst/fullpage.html?res=9c0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=all) "Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people..."

From the New York Post: Alarms and Denial (http://www.nypost.com/php/pfriendly/print.php?url=http://www.nypost.com/seven/09262008/postopinion/opedcolumnists/alarms__denial_130763.htm)

Bloomberg Financial News: "How the Democrats Created the Financial Crisis" (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0)

YouTube: Democrats in their own words (http://www.youtube.com/watch?v=_MGT_cSi7Rs)

YouTube: Burning Down the House (http://www.youtube.com/watch?v=1RZVw3no2A4&feature=iv&annotation_id=event_597487)

YouTube: Obama Ranks Second In Freddie/Fannie Contributions (http://www.youtube.com/watch?v=H-_HlpZ8azA&feature=related)

Now I'll repeat what I said last week. First and foremost, this economic crisis has roots in the Clinton administration. Clinton ordered that home loans be given to families that could not pay them. Granted, Bush should have seen the meltdown coming, but it's a time bomb that Bill Clinton planted under the house. It's up to President Obama to set the tone and the course to rebuild our house. We all share responsibility for doing the hard work, but the President is the boss. The buck stops in the Oval Office. And speaking of the Oval Office, I have to admit that I have liked a fair amount of what I've seen of our new President. Words are cheap, and politicians are good at saying things people want to hear. At the same time, we need this presidency to be successful, and he can't succeed without our support. So while I'll be quick to point out everything that I see him do wrong, I'll also try my hardest to point out everything that I see him do right. I saw him talking to Matt Lauer just before the Superbowl, and he looked, unlike candidate Obama, like a man with humor and compassion and an appreciation for the humanity of the people that make up this country. He was funny and self-deprecating and seemingly unscripted. That man will have my support for as long as he occupies the White House. When he stops being that man, I'll stop supporting him.




How Much Star Trek Can You Handle?
Fantasy Trek. Not Just a Game. It's a Star Trek Experience
http://fantasytrek.blogspot.com

Tuesday, February 17, 2009

Kapact's Rant: We Know What's Best, Even When We're Wrong

I'm talking this week about the wisdom of government making snap decisions, the most glaring and life-changing of which is the trillion-dollar rushed-through-congress, unexamined, unstudied, don't-read-it-just-sign-it bailout bill. There is no question that we need jobs, and creating them by fixing our infrastructure seems like a good idea. There is also no question that we still need a middle-class tax break. But being a student of American history, I have to say that I have trouble finding an instance where a hastily conceived and rammed-down-our-throats massive government program ever really provided a sustainable solution to an entrenched and serious problem. Here's a good example of liberal reporting on one such knee-jerk, over-the-top government solution to a "problem", taken from the New York Times website.

By STEVEN A. HOLMES
Published: September 30, 1999

In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.

Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.

''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''

Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.

''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''

Under Fannie Mae's pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 -- a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.

Fannie Mae, the nation's biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.

Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites.

Home ownership has, in fact, exploded among minorities during the economic boom of the 1990's. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University's Joint Center for Housing Studies. During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent.

In contrast, the number of non-Hispanic whites who received loans for homes increased by 31.2 per cent.

Despite these gains, home ownership rates for minorities continue to lag behind non-Hispanic whites, in part because blacks and Hispanics in particular tend to have on average worse credit ratings.

In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.

The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants.


While I was never a fan of Bill Clinton, I will admit to appreciating the fact that he studies relentlessly. He does his homework. While he has the morals of an alley cat, he is without a doubt a very clever, hard-working person. He has a big, usually out-of-control mouth, but he also has a high IQ. But he blew it big that time. His short-sighted pandering to low-income voters (in an attempt, no doubt, to buy the election for Al Gore), stuffed this country but good, and now Obama has sold us a trillion dollar bottle of snake oil/magic elixir to cure the problem that Bush is supposed to have caused. Bush sure as heck let it grow, but Clinton started it.

It's the same kind of shoved-down-our-throats solution to the on-again, off-again, depends-on-who-you-ask issue of climate change. And you note we don't hear 'global warming' nearly as much, since 2008 was globally the coolest year in more than a decade. No, it's 'climate change' now. Just like 'liberal' is now 'progressive'. Folks, call it what you want, a cr@p sandwich by any other name would smell as bad. I even heard local meteorologist Kevin Janison say that global warming didn't actually refer to the temperature, but to weather instabilitty. I guess that depends on what the meaning of the word "warming" is. Come on Kevin, get with the times. It isn't global warming, it's climate change. I'll just say something about meteorologists. Discounting what I think about Weather Channel Chief Stormtrooper Heidi Cullen, I find it interesting that these supposed experts think nothing of repeatedly getting it wrong on a daily basis, explaining that it's just a forecast, and things can always change. But they still call themselves experts and think that they can tell us what's going to happen thirty years from now. Forgive me Heidi and Kevin, but if you can't say what's going to happen three days from now, how can you say with authority what will happen a year from now, much less thirty years from now. I don't have a problem with cleaning the air and/or getting off of fossil fuels. We need to do both. I don't even mind an honest debate on climate change. What I have a problem with is, again, a decision made by a few elite liberal stormtroopers who use their jackboots to crush the necks of anyone who dares to debate the issue. Not even disagree, but just debate. Dissent is healthy, even when liberals are making the decision.

Mark my words, we will be told in the next four years that questioning the decrees of the Obama administration is unpatriotic. Big Brother just got bigger. They're from the government and they're here to help. And may God have mercy on your soul.


Now here are my weekly reminders of who got us in our current mess:


The housing meltdown which is at the heart of our crisis started in earnest in 1992 when Mister Clinton had the great idea to sell houses to low-income voters who couldn't afford them. No question that both sides ignored the problem but got rich off the over-inflated bubble, but it started under Bill Clinton. The records are there. Here are a few links that show just what I'm talking about:

From The New York Times in 1999: Fannie Mae Eases Credit To Aid Mortgage Lending (http://query.nytimes.com/gst/fullpage.html?res=9c0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=all) "Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people..."

From the New York Post: Alarms and Denial (http://www.nypost.com/php/pfriendly/print.php?url=http://www.nypost.com/seven/09262008/postopinion/opedcolumnists/alarms__denial_130763.htm)

Bloomberg Financial News: "How the Democrats Created the Financial Crisis" (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0)

YouTube: Democrats in their own words (http://www.youtube.com/watch?v=_MGT_cSi7Rs)

YouTube: Burning Down the House (http://www.youtube.com/watch?v=1RZVw3no2A4&feature=iv&annotation_id=event_597487)

YouTube: Obama Ranks Second In Freddie/Fannie Contributions (http://www.youtube.com/watch?v=H-_HlpZ8azA&feature=related)

And my weekly comments on P'resident Obama:

First and foremost, this economic crisis has roots in the Clinton administration. Clinton ordered that home loans be given to families that could not pay them. Granted, Bush should have seen the meltdown coming, but it's a time bomb that Bill Clinton planted under the house. It's up to President Obama to set the tone and the course to rebuild our house. We all share responsibility for doing the hard work, but the President is the boss. The buck stops in the Oval Office. And speaking of the Oval Office, I have to admit that I have liked a fair amount of what I've seen of our new President. Words are cheap, and politicians are good at saying things people want to hear. At the same time, we need this presidency to be successful, and he can't succeed without our support. So while I'll be quick to point out everything that I see him do wrong, I'll also try my hardest to point out everything that I see him do right. I saw him talking to Matt Lauer just before the Superbowl, and he looked, unlike candidate Obama, like a man with humor and compassion and an appreciation for the humanity of the people that make up this country. He was funny and self-deprecating and seemingly unscripted. That man will have my support for as long as he occupies the White House. When he stops being that man, I'll stop supporting him.




How Much Star Trek Can You Handle?
Fantasy Trek. Not Just a Game. It's a Star Trek Experience
http://fantasytrek.blogspot.com

Tuesday, February 10, 2009

Kapact's Rant: Read The Fine Print

It's pretty easy to take shots at crooked politicians not paying taxes, with no penalty for most but a minor dip in poll ratings. But that's because they make it easy. How in the heck can you gang of thugs so easily spend tax dollars on huge ideas that you hope will work but refuse to pay your fair share. Here's an idea. Gamble your own money on this idea and see how it works before you waste mine. Forgive me, but your record so far doesn't inspire any confidence. And I'll tell you something else. It wasn't long ago when the liberals were reminding us that dissent and discussion are healthy. Now, according to them, we don't have time to question or examine a trillion dollars being spent in the hopes that this idea will work. Anytime a salesman tells you that you don't have time to think about buying something, that's when you should find the time. This problem has been brewing since Bill Clinton was president. It can wait another week or two while WE THE PEOPLE read the fine print.

Here's another reason to love our politicians. You all see these heroes insisting that execs accepting taxpayer dollars now be subject to salary caps. Well here's a thought. How about you taking a salary cap? I know that we couldn't live without you, and it just tortures you to have to vote yourselves endless unjustified raises, but how about some of that responsibility and transparency that you're demanding from people taking taxpayer dollars? I mean, it's just that, well, you accept taxpayer dollars, don't you? Here's a thought. How about merit pay for politicians? If your next paycheck depended on your results, how do you think you would do? Would you have to worry about your financial future like most people in this country do?

I watched the president's first press conference with interest. I know that President Obama does poorly when he's unscripted. This didn't seem to be any different. There seemed to be nothing but softball questions that the president already magically had prepared five-minute speeches for. Hardly surprising. But the memorable moment, the payoff for the hour was Helen Thomas (who has outstayed her welcome and outlived her legitimacy by at least a decade) referring to the Taliban and Al Qeada as 'so-called terrorists'. Kind of like saying that Hitler was a so-called killer.

I'll finish this off with a reminder of where this problem started:

This problem started in earnest in 1992 when Mister Clinton had the great idea to sell houses to low-income voters who couldn't afford them. The records are there. Here are a few links that show just what I'm talking about:

From The New York Times in 1999: Fannie Mae Eases Credit To Aid Mortgage Lending (http://query.nytimes.com/gst/fullpage.html?res=9c0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=all) "Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people..."

From the New York Post: Alarms and Denial (http://www.nypost.com/php/pfriendly/print.php?url=http://www.nypost.com/seven/09262008/postopinion/opedcolumnists/alarms__denial_130763.htm)

Bloomberg Financial News: "How the Democrats Created the Financial Crisis" (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0)

YouTube: Democrats in their own words (http://www.youtube.com/watch?v=_MGT_cSi7Rs)

YouTube: Burning Down the House (http://www.youtube.com/watch?v=1RZVw3no2A4&feature=iv&annotation_id=event_597487)

YouTube: Obama Ranks Second In Freddie/Fannie Contributions (http://www.youtube.com/watch?v=H-_HlpZ8azA&feature=related)


Now I'll repeat what I said last week. First and foremost, this economic crisis has roots in the Clinton administration. Clinton ordered that home loans be given to families that could not pay them. Granted, Bush should have seen the meltdown coming, but it's a time bomb that Bill Clinton planted under the house. It's up to President Obama to set the tone and the course to rebuild our house. We all share responsibility for doing the hard work, but the President is the boss. The buck stops in the Oval Office. And speaking of the Oval Office, I have to admit that I have liked a fair amount of what I've seen of our new President. Words are cheap, and politicians are good at saying things people want to hear. At the same time, we need this presidency to be successful, and he can't succeed without our support. So while I'll be quick to point out everything that I see him do wrong, I'll also try my hardest to point out everything that I see him do right. I saw him talking to Matt Lauer just before the Superbowl, and he looked, unlike candidate Obama, like a man with humor and compassion and an appreciation for the humanity of the people that make up this country. He was funny and self-deprecating and seemingly unscripted. That man will have my support for as long as he occupies the White House. When he stops being that man, I'll stop supporting him.


How Much Star Trek Can You Handle?
Fantasy Trek. Not Just a Game. It's a Star Trek Experience
http://fantasytrek.blogspot.com

Sunday, February 1, 2009

Kapact's Rant: Three Rants and a Note About Our President

I have three subjects to talk about, with a note at the end about our new President and the economic crisis he has pledged to solve.

I was fascinated to watch unrepentant crook and Chicago politics posterboy Rod Blagojevich 'make his case' without actually making a case. He was all defiant righteous anger and indignation, telling us just how much he's done for the state, and how the people elected him twice. And even having the nerve to warn the people of the dangers of a legislature removing a governor without a trial. Well, mister blagojevich, your actions have in every case spoken louder than your words. You have shown the danger of government not caring about the wishes of the people. You demonstrated a contempt for the rule of law with your own taped words, interspersed with more vulgarity than HBO spouts on a Saturday night, talking about how much this power is worth, and how much you want for it, and what you think of those not willing to pay your price. You need to understand, mister blagojevich, that public office is not a prize, it's a responsibility. A duty. An honor. You don't buy or sell or win your office, you are granted stewardship over it, and the condition in which you leave it says a great deal about you. You have managed to embarrass, with the depth of your graft and arrogance, a criminal machine that puts the mafia to shame. You managed to make a den of criminals look angelic by comparison.

I'm frightened. Truly I am. President Obama signed into law good legislation designed to ensure that women receive equal pay for equal work. That is good and just and way overdue. So, yes, I'm frightened that Obama has done something else that I agree with. However, I must take slight exception to remarks that he made during the accompanying photo-op. He said that he doesn't want to limit his daughters' dreams. On the surface, that is a good, sensible, honorable thought. But it doesn't bear close examination. Because just as Joe the Plumber is limited in his dreams of small business ownership, so must the Obama girls if they ever try the same thing. In a way, mister obama, we're all your children. You took an oath to make sure that none of our dreams are limited. So remember that as you are redistributing our success.

I saw a very sad story on the news the other day, about a 93 year old World War Two veteran dying in his Michigan home during a winter storm because the power company had put a power limiter on his house. He was said to be a thousand dollars behind on his power bill. Well, I'll just say that the power company is not in business to lose money. Bills are serious things, and have to be paid. Let's be honest. The bill didn't get that big overnight. (You'd have to be Al Gore to use that much electricity in a month). I'm not dishonoring this hero. I''m telling the truth, and the truth never dishonored anyone. At the same time, sometimes numbers and bottomline must give way to compassion, and according to the story, nobody took the time to explain to him how the power limiter worked So both parties share responsibility here. But there is more responsibility to go around. That is, and most glaringly to the family that is suddenly so concerned with this deceased hero. Where were you before he died? Where were the phone calls to check on him during the winter storm that killed him? I don't doubt the complicity of the power company that cared more about money than people, and I don't doubt that his family loved him and cared about him. But where were you before he died? According to reports he had enough money to pay his bill, and he may have had dementia. So tell me, indignant family, did you know he had dementia? If so, again, where were you before he died? How long had it been since you checked on him? I'm not trying to be cruel here. I know that good, caring, honorable people make mistakes. I'm not saying it's your fault. I'm just saying that people are often better at appointing blame than taking responsibility. We're all guilty of that. Nobody's perfect. But it's also true that we'll never improve before we acknowledge that.

I'm going to add something here about President Obama and our  economy, and I plan on repeating this in every rant. First and foremost, this economic crisis has roots in the Clinton administration. Clinton ordered that home loans be given to families that could not pay them. Granted, Bush should have seen the meltdown coming, but it's a time bomb that Bill Clinton planted under the house. It's up to President Obama to set the tone and the course to rebuild our house. We all share responsibility for doing the hard work, but the President is the boss. The buck stops in the Oval Office. And speaking of the Oval Office, I have to admit that I have liked a fair amount of what I've seen of our new President. Words are cheap, and politicians are good at saying things people want to hear. At the same time, we need this presidency to be successful, and he can't succeed without our support. So while I'll be quick to point out everything that I see him do wrong, I'll also try my hardest to point out everything that I see him do right. I saw him talking to Matt Lauer just before the Superbowl, and he looked, unlike candidate Obama, like a man with humor and compassion and an appreciation for the humanity of the people that make up this country. He was funny and self-deprecating and seemingly unscripted. That man will have my support for as long as he occupies the White House. When he stops being that man, I'll stop supporting him.


How Much Star Trek Can You Handle?
Fantasy Trek. Not Just a Game. It's a Star Trek Experience
http://fantasytrek.blogspot.com