I must admit my ignorance on the issue of the economy. I have become better informed and I hope I am able to present a point of view that is lacking in Big Media and is credible and has the backing of knowledgable sources like Warren Buffett (granting both sides have knowledgeable sources). This point of view lays the blame on the current mortgage crisis on Government Influence on the Free Market no matter how well intended or unpurposefully done. The crux of the argument is that if the private sector and the free market didn't include Fannie and Freddie's (two Government Sponsored Enterprises not subject to freemarket rules and trade) push for sub-prime mortgages and buy out of the bad debt from these loans in the private market this crisis would not have occurred. There is one candidate who is for bigger Government Influence on the Free Market and there is one candidate who is for less Government Influence on the Free Market thus the economy as the number one issue should aide McCain as opposed to Obama in deciding who to vote for and not to vote for when this argument is considered!!!
New York Times articles in 1999 and 2003 on the Economy-Must read articles from before the Financial Crisis!!! Quite informative on McCain vs Obama on Fannie and Freddie. 1) Congress had regulatory oversight of Fannie and Freddie not Bush. Bush in 2003 tried to set up a regulatory agency separate from the politics of Congress but Congress wouldn't allow this thus the blame is on Congress not Bush policies when it comes to the extent of the damage that is caused by Fannie and Freddie to our economy. That means we need to look at Obama (Democrats) and McCain (Republicans) in congress on Fannie and Freddie not Bush's policies to get to the bottom of this which contradicts Obama's campaigning position on this issue which would then mean Obama is either ignorant about this important issue and thus not ready to lead America out of our crisis or either Obama is purposely withholding that info to get into office. 2) McCain and Bush is indeed for regulation of these Government Sponsored Enterprises in Fannie and Freddie that ultimately caused this mortgage crisis. So this is a consistently Republican conservative position when one understands that Fannie and Freddie are not subject to the responsibilities of the free market and private sector thus regulation becomes more necessary. 3) Fannie and Freddie are in deed Government Sponsored Enterprise as opposed to private sector free market companies subject to the responsibility of the market and their investors. If the private sector were left alone this crisis would have never reached the point of crisis!!! The losses would have been dealt with much longer by the responsibilities these companies have to their investors in the free market but because these two Government Sponsored Enterprises would encourage sub prime mortgages by buying off the bad debt these companies could honestly and lawfully report profits as opposed to losses which makes the investors happy. If Fannie and Freddie were not buying off the bad debt the investors would most definitely have held the companies accountable by not investing in losses and thus would have been forced to straiten up whatever was causing the bad debt and thus putting our whole economy and possibly even the worlds economy in jeopardy. Investors would have caught the trend much more faster then a political beauricratic politicized Governmental Congress/Agency. This is a story of the importance of the free market remaining ultimately and at base free of Governmental political involvement that is not subject to free market rules but rather political correctness of the times which includes Big Media (which never reports on these facts) and liberal and almost socialisitic policies within both parties!!!
Anyways, that is my assessment so far by reading what I have read on the internet from even the New York Times and seeking an alternative understanding then what ABC, CBS, NBC and PBS gives me. I have found it quite beneficial to get out of the today news which has a much more possibility of being biased on either side on this issue because of the elections this year and look at this issue and the concerns that were brought up many years before this crisis. Now I will tell you that I did not go searching for these articles. They came to me via conservative news sources in my daily email subscriptions. So it is not that hard to get information to be better informed and vote responsibly with both sides of the issues laid out before us.
Now my understanding of the issues may be flawed, also. So do check out the articles yourself and see what you come out with but it does spill out some interesting facts that are kind of glossed over by Big Media and Obama in the debates like Congress fought Bush on regulatory oversight back in 2003 (Bush wasn't anti-regulation of a Government Sponsored Enterprise nor is McCain!!! It is just that Bush and McCain both didn't see Congress doing a good job as is evidence 5 years later!!!). One fact I found interesting was that Obama said in the debate that he in no way supported Fannie and Freddie in response to McCain's claim that Obama is the second highest benificiary of Fannie and Freddie in money contributions and McCain being number 62 on the list. And this is inspite of the fact that Obama has only been in the Congress much much much less of the time than McCain has!!! If Fannie and Freddie were not dishing out money to a candidate that is not supportive of themselves then Obama must think either we are stupid or Fannie and Freddie are!!! I am in no way suggesting McCain is perfect in answering debate questions and when you are on the spot a a good point has been made it boils down to who best covers it up and it seems Obama does a better job after all Obama is the lawyer from Harvard and McCain is the patriotic war hero so debates are naturally going to favour the lawyer. And it seems these debates are doing just that. I do hope that more Americans will go home and review what is being said and check out the facts on both sides from both sides. Because I think the debates favor the lawyer and since there is no real criticism on Obama from Big Media that really mean anything that I think it is necessary to take up some of these issues only for the sake of the unborn and Biblical Values. I believe God will give us wisdom how to get out of this mess if we got the moral issues down right if not then we must pray for His mercy for the time being and continue to do His will and leave the rest up to Him.
Lastly, I just found these articles on a conservative blog of the world's largest conservative think tank and largest think tank in the world period at: Morning Bell: The Left’s Official News Service-"Goldstein and Hall have written an article, “Private sector loans, not Fannie or Freddie, triggered crisis,” which is a masterpiece in half-truths and opinion journalism disguised as hard news. Goldstein and Hill cite “Federal Reserve Board data” that show “More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.” This are the first and most prominent example Goldstein and Hill use to support their thesis. It is also completely irrelevant. As Goldstein and Hill later admit much later in their own article, Freddie and Fannie “don’t lend money, to minorities or anyone else.” Exactly. So the fact that 84% of subprime loans were made by private institutions is completely irrelevant. So why is it the first “fact” Goldstein and Hill cite?"-I just want to point out one thing in rebuttal to this article, also and do read further!!! That if the private sector were let alone and did not have the Fannie and Freddie buy off option would they have acted as carelessly as they did if they were not being encouraged and "bailed out" by Fannie and Freddie to invest in these risky loans. The obvious answer is no!!! For they would have been held responsible by those investing into their company. But the investors factor was eliminated by the bailing out of Freddie and Fannie so all went along and the burden now rests in Fannie and Freddie and us taxpayers!!! This would have been caught long before by investors if they didn't have the Fannie and Freddie buy out option nor their encouragement to invest in subprime mortgages so heavily as they did leading to this problem.
See tomorrow's blog for more on this most interesting subject that many if not most American's are going to vote on this issue as their number one issue over any other issue for one candidate or the other and are probabily not aware of the complexity and amount of facts to justify one's reason for voting one candidate over the other especially when one candidate is at the expense of the unborn children, traditonal biblical Godly family values and religious freedoms.
Lastly, I just found these links in the above article: check out what Warren Buffet and even liberal George Soros say about Fannie and Freddie's involvement in the mortgage crisis and thus in our economic crisis and the world's economy!!!
On to the other blogs posted of this week on ValuesVoterNews.com
Jill Stanek's blog has moved up into the top 7000 blogs!!-See new video ad running in PA, NC and OH on Obama's Born Alive Infant protection record and partial birth abortion. Also, an ecard you can send to others available. Check out what is in some of our American Textbooks and more!!!!
One of Big Media's biggest missed stories of this election year. California's Marriag Amendment!!! -But first a video report of students protesting school libraries over banning books that teach christianity can help those who want out of homosexual lifestyle. Boycott of McDonald's is successful.
California Marriage Amendment
"The state filing by the Protect Marriage Coalition today was nearly 5,000 pages long, recording tens of thousands of individual donations.Protect Marriage campaign manager Frank Schubert acknowledged the enormous fund-raising success “shows the strength of our cause and the tremendous grassroots support for traditional marriage across the state.” About two-thirds of all donations received have been $100 or less. Over 62,000 donations have been received to date. Ninety-five percent of all donations have come from within California."
"According to figures compiled by the National Organization on Money in State Politics, a little less than $33 million was spent on campaigns to pass or defeat gay marriage bans in the 24 states where they appeared on ballots in 2004, 2005 and 2006. Supporters of same-sex marriage had the fundraising edge in all of them, but voters approved all but one, in Arizona. With a month to go until the election, fundraising by the two sides in the California campaign already has well exceeded that amount."
Big Media's disappointing Presidential Debates so far...-"Neither Tom Brokaw of NBC News, who moderated Tuesday night’s presidential debate, nor any of the “townhall” audience members Brokaw pre-selected to ask questions of the two presidential candidates asked a single question about immigration, abortion, same-sex marriage or the war in Iraq."
Fireproof continues to do well for the second week and Director is interviewed on ABCNews.com and I found this comment most interesting: "Hollywood is good at reflecting the values and lifestyles of people in California and New York, but there are so many of us who have a standard of morality and faith that is rarely reflected in films coming out of Hollywood."
C. S. Lewis wrote, “Education without values, as useful as it is, seems rather to make man a more clever devil.”
"According to the National Longitudinal Study of Adolescent Health, Waves I and II, 20 percent of students in Grades 7-12 who live with their married, biological parents have ever been suspended or expelled from school. By contrast, more than 50 percent of adolescents who live with a single, never-married parent have ever been suspended or expelled. In between are those who live with two biological cohabiting parents (34.3 percent), those living with a step-parent (35.9 percent), those whose parents are divorced (37 percent), and those who live with one biological cohabiting parent (40.8 percent)."
Also in this blog: "Good News: Remarkable Pro-Life Women Share Their Stories-"Feminists for Life (FFL), which counts Alaska Gov. Sarah Palin among its members, is rolling out a series of seven videos featuring Remarkable Pro-Life Women.The videos will premiere one by one during the coming school year on FFL's Web site.The first video features Melissa Ohden, who survived an abortion at just 5 months' gestation. Today, she works for a social welfare agency in the Midwest."
And 2 more First Amendment Case Victories!!!
2 hour panel discussion: "Learn more about the body of research the American Psychological Association failed to assess in its recent report...-Planned Parenthood exposed once again. Check out video on YouTube before it gets yanked like all the rest. Obama has a pro-life web site!!!???? Check out this video and response to this site. Roe vs Wade hangs in the balance with this election and some articles about the accomplishments of Bush in this area and how many possible judges may be appointed this next election and the importance of judges!!!
Levi Strauss, Google, AT&T, Pepsi, NY Times, and High School Libraries vs Pastors, Churches, BoyScouts and those with differing points of view-The title says it all and now on to. This blog got over 200 hits in one day mainly because it got linked up to the google blog that first made the declaration that Google is in support of the homosexual community on this issue!!! Their is alot on this blog as the issue continues!!!!
Testimony of Brian Welch of Korn
I bought Brian Welch's new CD after his conversion. It has been a while since I have been into thrash music but for thrash fans it is a good one. I was in tears over his testimony. Brian is an ex-guitarist for Korn and popular thrash band of sorts and see how God used a friend and his daughter to cause him to rethink where he was going and draw him to Himself. Many links here. Check it out and praise God!!!
Brian Welch: More Than Head Knowledge-"In his early 20s, Brian moved to Los Angeles with a few members of Korn. Drug and alcohol abuse became a regular part of his life. After a few years, Korn hit it big. The drug and alcohol use became more prevalent....Korn’s popularity and success were growing as a Grammy winning Nu Metal rock band, but drug abuse and tumultuous times were going on behind the scenes....In 2004, Brian hit rock bottom. It was hard for him to meet the demands of life on the road as well as being a single father. One of the turning points was when he heard little Jennea singing a Korn song called “A.D.I.D.A.S.,” which stands for “All Day I Dream About Sex.”
Brian knew that he couldn’t keep Jennea in that life and wanted something to change. Brian was depressed, deep into drugs and Internet pornography....One morning, one of his business partners, Eric, sent him an e-mail out of the blue. Eric was a Christian, but didn’t normally share his faith with Brian. This day, it was different. Eric gave Brian the Bible verse, Matthew 11:28-30, “Come to me, all who are weary and burdened and I will give you rest. Take my yoke upon you and learn from me, for I am gentle and humble in heart, there you will find rest for your souls. For my yoke is easy and my burden is light.”
Brian replied and Eric continued to tell him the truth about Jesus, which gave Brian hope. God kept showing Himself to Brian through different personal events. Everywhere he went, it seemed people were telling him about Jesus....Brian is singing a different tune these days. Though his music and his appearance might not seem very different from a few years ago, he has had a true change of heart. Almost four years later, Brian’s motivation for his life and his music has God at the forefront.
Last year, his New York Times best-selling biography, Save Me From Myself, was released, with his fans receiving it as an inspired story of faith and hope. Brian says Korn fans understand the hurt and pain. The book speaks “the language of his people,” as he is trying to be real. His new CD, Save Me From Myself, which shares the same name as his book, was released last month."
Korn Meets Christ: The Conversion of Brian Welch
Why Brian Welch Walked Away
Brian "Head" Welch Releases 'Save Me From Myself'
The 700 Club's Tim Branson's Uncut Interview with Brian Welch
