Showing posts with label Henry Paulson. Show all posts
Showing posts with label Henry Paulson. Show all posts

Sunday, November 2, 2008

Carney in 2008!!!



Video of Carney in Lewisburg on November 1st.

In 2006, I supported Chris Carney wrestle the 10th Congressional seat away from Don Sherwood. In 2008, is effort to lead the fight for the Central Susquehanna Valley Thruway Project and his twice voting no to the 700 billion dollar bailout has earned my vote.

The Thruway Project regardless of Carney though is facing a difficult time due the financial crisis. The Bailout deserved a no vote due to first too much power to Henry Paulson and then too much pork from the Republican side of the Senate aisle. "Sweeping the House", friend Greg Maresca informs fellow readers the original bill went from 3 pages to 425 pages filled of pork. In that 3 pages were 32 words that were very dangerous:

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

With the current track record of our executive branch a no-vote was a no-brainer.

Other are still upset by the VA Clinic being located in Snyder County and not Northumberland. Check out this Letter to editor. Do you think Don Sherwood would have addressed this issue at all?

In the 11/2 print edition of the Daily-Item, Chris Hackett says the Paxinos manufacturer Fleetwood Motor Homes moved to Indiana because it is cheaper because of Indiana's state tax situation. No Chris, Fleetwood moved because they make a big-ticket item that no one is buying due to price of gas. They don't need two plants open at this time. By the way, Fleetwood's stock (FLE) was trading around 70 cents when the decision to close Paxinos was made. As of 10/31/2008, the stock closed at 45 cents and gained 9 cents on Friday to do it.

Friday, October 3, 2008

Chris Caney Against Thievery

Once again Chris Carney (10th PA) stood up for the taxpayers against Paulson (Sheriff of Nottingham).

Thanks Chris.

The Bill HR 1424 passes 263-171 anyway.

Here is the Roll Call

700 Billion "Bailout"? "Rescue"? You Make the Call

The "How" it happened by the NY Times.

"Why" the bailout by the Smirking Chimp.


For the most part, Wall Street deregulates itself to the max which is a common practice in the current administration. Washington farms out oversight and asked Wall Street (Fox) to police(watch the henhouse) themselves.

Follow the trail.

Foreign investment flowed into Wall Street while toxic mortgage backed securities and derivatives flowed out of Wall Street to the global community. In order to stave off international lawsuits, here comes the US taxpayer to cover the tab.

Hopefully, come November, conservativism will go by the wayside as the likes of Facism and Nazism. What we need now is functionalism.