New Video: Description of How We Got Into This Mess – By John Gibson

History of who is who in the Fannie / Freddie scandal.

NEW VIDEO: Republicans Indicate Current Plan Is A No Go – New Plan Needed


T. Boone Pickens Investment Funds Down About $1 Billion

Please Don’t Tell Me He Wants A Bailout Too …….

Lately, T. Boone Pickens would get better marks as a policy advocate and author than an energy investor.

The 80-year-old Texas oil magnate has bankrolled a massive public campaign for improved U.S. energy independence, and his new book, “The First Billion is the Hardest,” is a best seller. But the downturn in energy has blindsided the industry veteran, leaving one of his hedge funds that focuses on energy stocks down almost 30% through August. A smaller commodity-focused fund is down 84%.

All in, the funds have lost around $1 billion this year, a figure that includes $270 million of personal losses. “It’s my toughest run in 10 years,” said Mr. Pickens, a former geologist who earned billions by building an oil company and investing in energy. “We missed the turn in the market, there’s nothing fun about it.”

Until lately, money had gushed from Mr. Pickens’s trading desk as energy prices climbed. His energy-stock fund, which started the year at $2 billion, has returned a compounded annual return of 37% over seven years, according to an investor. The commodity fund, which started the year at about $600 million, has had similar strong performance. That fund relies heavily on borrowed money, resulting in the deeper losses.

Mr. Pickens argues that the recent falloff in energy prices in large part is due to dislocations in financial markets, which forced a range of investors to sell holdings to raise cash. “I’m not willing to accept that [the downturn] was due to a global slowdown” reducing energy demand, he says. “When there’s deleveraging in markets it will affect everything.” (What is being said here is that oil prices were not based on demand – but on the amount of cash invested in oil by speculators – that the price dropped when the speculators were forced to sell their “oil bets”).

Unless there’s a deep, global economic downturn, he says, oil prices will head higher because oil demand will outpace supply by at least two million barrels over the next year. “Oil likely will finish the year around $120 or $125 a barrel.” Still, Mr. Pickens says he’s shifted his funds’ portfolios to a more neutral stance, to keep his losses in check. That means he hasn’t fully benefited as oil prices jumped in the past few days to $106.61 a barrel from about $90.

Despite crisscrossing the country to discuss his energy plan, Mr. Pickens says he remains focused on his investment firm, BP Capital LLC. When he’s in Dallas, where he lives, Mr. Pickens starts the day with a workout, and then meets his 10-person investment team for breakfast. He leaves the office around 6:30 p.m.

He’s been getting calls from concerned investors, but many are longtime friends. It also helps that he’s made them a fortune over the years. “He made his [bullish] views well known and we expected volatility,” says John Trammell, president of Cadogan Management LLC, a $7.5 billion firm that invests in hedge funds. “They’re not as exposed to the downward movement in oil as they were” a few months ago.

Mr. Pickens is upbeat about the prospects of the firm. But he acknowledges that the recent losses have an impact. “It’s like mashing all your fingers in the door… This has been a pretty bad period for us,” he says.

Remember this his – when you see a Commercial on TV – someone is trying to sell you something – the trick is to figure out what it is.  

Video: Biden’s Off The Wall FDR – Depression Comment Not A First – Watch Biden Claim His Plan On Iraq Is Working

Senator Biden’s comments yesterday claiming that FDR addressed the Country on TV during the Great Depression – are not the first unusual comments made by the Senator during this Campaign.


Senator Biden once called for a Plan to Partition or divide Iraq into three separate Countries. The Plan was, naturally enough, trashed. The Iraqis, and I do mean ALL THE IRAQI’S, all parties, all sides, even al-Queda, called the plan a bad idea.

Biden was even called an Imperialist (as insults go – it doesn’t get any worse in the middle east).

Biden’s response to the universal rejection of his plan, “Who the Hell do they think they are?”. Well the answer is – they are the Iraqi’s – it is their Country. They want to keep it in one piece. Biden just couldn’t let it go …….


Months later Biden tried to claim that “my plan for Iraq is working”. See the video here:

Can someone remind the Senator that his plan was rejected – it really was a stinker. Wait till tomorrow to let him know that FDR wasn’t the President during the Great Depression and TV’s hadn’t been invented at the time. You know ….. bring him up to speed a little bit at a time.

Drill Baby Drill – Democrats to Let Offshore Drilling Ban Expire, Conceding Defeat in Battle With GOP

UPDATE: The activities described below were just a pre-election ploy ….. In fact none of the changes were ever implemented …. prior or post election.

WASHINGTON —  Democrats have decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week, conceding defeat in a months-long battle with the White House and Republicans set off by $4 a gallon gasoline prices this summer.

House Appropriations Committee Chairman David Obey, D-Wis., told reporters Tuesday that a provision continuing the moratorium will be dropped this year from a stopgap spending bill to keep the government running after Congress recesses for the election.

Republicans have made lifting the ban a key campaign issue after gasoline prices spiked this summer and public opinion turned in favor of more drilling. President Bush lifted an executive ban on offshore drilling in July.

“If true, this capitulation by Democrats following months of Republican pressure is a big victory for Americans struggling with record gasoline prices,” said House GOP leader John Boehner of Ohio.

Democrats had clung to the hope of only a partial repeal of the drilling moratorium, but the White House had promised a veto, Obey said.

The House is expected to act on the spending bill Wednesday. The Senate is likely to go along with the House.

“The White House has made it clear they will not accept anything with a drilling moratorium, and Democrats know we cannot afford to shut down the government over this,” said Jim Manley, a spokesman for Senate Majority Leader Harry Reid. “We look forward to working with the next president to hammer out a final resolution of this issue.”

While the House would lift the long-standing drilling moratoriums for both the Atlantic and Pacific coasts, a drilling ban in waters within 125 miles of Florida’s western coast would remain in force under a law passed by Congress in 2006 that opened some new areas of the east-central Gulf to drilling.

Just last week, the House passed legislation to open waters off the Atlantic and Pacific coasts to oil and gas drilling but only 50 or more miles out to sea and only if a state agrees to energy development off its shore. It quickly became clear that measure would not get the 60 votes needed in the Senate.

Republicans called that effort a sham that would have left almost 90 percent of offshore reserves effectively off-limits.

The ban on energy development will be lifted if the Senate goes along with the House action. imminent.

The congressional battle over offshore drilling is far from over. Democrats are expected to press for broader energy legislation, probably next year, that would put limits on any drilling off most of the Atlantic and Pacific coasts. Republicans, meanwhile, are likely to fight any resumption of the drilling bans that have been in place since 1981.

John McCain, the Republican presidential nominee, has promised to make offshore oil drilling a priority if elected president. He has called for developing the oil and gas resources along all of Outer Continental Shelf and for the federal government to share royalties with states who go along with drilling.

Democratic presidential rival Barack Obama has said he would support very limited drilling in certain areas — possibly the South Atlantic region — if it is part of a broader energy plan to shift the U.S. away from oil to alternative fuels and more energy efficiency.

The debate over offshore drilling is not expected to subside in the first months of the next presidency — no matter who sits in the White House.

Lifting the drilling ban gives momentum to the underlying bill, which includes the Pentagon budget, $24 billion in aid for flood and hurricane victims and $25 billion in loans for Detroit automakers in addition to keeping the government open past the Oct. 1 start of the 2009 budget year.,2933,426764,00.html?sPage=fnc/politics/senate

VIDEO: What is ACORN? Why is ACORN Associated With Voter Fraud – Does Obama Have An ACORN Connection

ACORN stands for Association of Community Organizations for Reform Now.

ACORN is a liberal Organization that has come to National Attention for its Political Activities. Activities that include questionable voter registration practices and campaigning for liberal candidates. ACORN uses TAX money to fund many of these activites. 

Barack Obama was once the Attorney for ACORN. While Obama was Chairman of the Chicago Annenberg Challenge, the CAC provided funds for ACORN’s Voter Registration Activities.  Obama provided training to ACORN workers who are frequently misrepresented as “Volunteers” – ACORN pays for its Voter Registration Activities. ACORN, which receives partial taxpayer funding, uses those funds to conduct solicitations for contributions to Political Campaigns. In Philadelphia alone ACORN has raised over $800,000 Dollars for Barack Obama’s Campaign. 

UPDATE: How ACORN will benefit from the Bailout –

ACORN’S History in Voter Fraud Scandals 

State of Washington Voter Fraud 

ACORN: The worst case of voter-registration fraud in Washington state history. . A PDF Copy of the Settlement can be viewed at this site – the agreement states that fraudulent voter registrations were gathered and submitted illegally.


ACORN workers were criminally indicted and later concivted of voter fraud. These convictions came as part of a Federal Investigation.  “There is some motive behind it — this is not accidental,” said Ray James with the Kansas City Election Board. Election officials said some of the application cards had false addresses, signatures and phone numbers. the announcement of criminal charges came after the King County Canvassing Board revoked 1,762 allegedly fraudulent voter registrations submitted by ACORN employees.

Feds To Probe Voter Registration Problems, Election Director Calls 15,000 Registrations Problematic, Kansas City election officials say thousands of questionable voter registration cards have been turned in by the same group whose efforts have been criticized in St. Louis. Kansas City election director Ray James said the U.S. attorney and Jackson County prosecutor’s office have been asked to investigate registrations collected by the Association of Community Organizations for Reform Now, known as ACORN. James said more than 15,000 registrations have problems such as duplicates, questionable or unreadable information, or names, addresses and Social Security numbers that don’t match existing records. 



Ohio is Part of Larger Pattern: ACORN’s recent run-in with the Franklin County elections board for allegedly turning in falsified voter registration cards is only the latest in a long-standing pattern of dubious elections practices. ACORN employees have been accused of submitting bogus voter registration cards and forging signatures on ballot initiatives in 12 states since 2004. 

In addition to Ohio, ACORN employees have been accused of illegal elections practices in New Mexico, Colorado, Minnesota, Pennsylvania, Wisconsin, and Virginia among others. Here are just a few examples of ACORN’s pattern and practice of fraud associated with their campaigns:

NEW MEXICO                                                                                                          Over 1,000 fake voter registration cards have been turned in in New Mexico and 6,000 cards remain to be examined.

In 2005, during an effort to put an initiative on the ballot in Albuquerque, New Mexico, ACORN employees forged thousands of fraudulent signatures. Following their voter registration drive in 2004, a state Representative stated that ACORN was “manufacturing voters” throughout New Mexico.


Inquiry finds evidence of fraud in election, ballots cast outnumber voters by 4,609. (Thats right, 4,609 votes more then there were voters) Investigators said Tuesday they found clear evidence of fraud in the Nov. 2 election in Milwaukee, including more than 200 cases of felons voting illegally and more than 100 people who voted twice, used fake names or false addresses or voted in the name of a dead person. “Clearly, there is proof that fraud took place in the November 2 election,” Walker said.

Milwaukee’s top election official said Thursday she plans to seek criminal investigations of 10 more voter registration workers, including two accused of offering gifts to sign up voters. Most of the suspect workers appear to have falsified driver’s license numbers, Social Security numbers or other information on voter registration cards, Election Commission Executive Director Sue Edman said. Counting the latest group, Edman will have referred 49 voter registration workers this month to Milwaukee County Assistant District Attorney Bruce Landgraf for possible prosecution. Milwaukee police are looking at the evidence to determine whether criminal charges are warranted against the workers, Landgraf said. All the workers were paid by the Association of Community Organizations for Reform Now (ACORN). Among the latest group, two ACORN workers are accused of offering pre-paid gasoline cards or restaurant gift cards to people in exchange for signing up to vote. The Presidential Election in Wisconsin was decided by 11,000 votes in 2004. The Democratic Governor of Wisconsin has vetoed a “Voter ID Law” that would limit this type of fraud.

Louisiana see: ,


CBS Reports on Voter Fraud In Philadelphia here: Fraud Charges Against ACORN, New Allegations Hound Voting Rights Group: Philadelphia’s municipal voter registration office has rejected about 3,000 cards submitted by ACORN — the Association of Community Organizations for Reform Now — since April because of missing information or invalid addresses.


Voter Fraud – 200,000 new registrations – Registration Clerks all across Michigan question validity of ACORN registrations.

Denver, Colorado

ACORN Voter Fraud Here:


“In what could be the only major organizational endorsement before the May convention in the 5th Congressional District race, the Minnesota ACORN PAC today endorsed state Rep. Keith Ellison to succeed U.S. Rep. Martin Sabo.” “A man who was arrested in late September with hundreds of filled-out voter registration cards in the trunk of his car pleaded guilty Monday in Hennepin County District Court to two felonies. ACORN doesn’t just submit fraudulant Voter Registration, ACORN campaigns for Candidates.

Government over-sight of the election process is nearly as abyssmal as the over sight was for Fannie Mae and Freddie Mac. Barack Obama has close and continuing ties to ACORN. If you believe in free and fair elections – demand reform now. 


Did the McCain Campaign Misrepresent a Sex Education Bill Supported by Obama?

Tuesday, September 16, 2008

Age Appropriate?

It is widely agreed in the mainstream media that John McCain falsely accused Barack Obama of supporting a bill that provided sex education for kindergartners. The McCain camp made the assertion in a campaign ad released last week.

The Washington Post called the ad “dishonest and deceptive,” and The New York Times said, “At most, kindergartners were to be taught the dangers of sexual predators.”

But it appears those critics have not read the bill, which Obama backed as an Illinois state senator in 2003. It says curriculum in “any of grades K-12 shall include instruction on the prevention of sexually transmitted infections, including the prevention, transmission and spread of HIV.”

The Obama camp maintains the bill was intended to teach kindergartners only about inappropriate touching, but Byron York at the National Review writes, “The ‘touching’ provision did not have the prominence that team Obama has suggested it had, and certainly wasn’t the bill’s main purpose.”

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