A lot of us can’t make it to DC, so local events are the only option.

I have not yet found a central clearinghouse that lists the times and locations of any local events. I’d like to go to one of the events in Fayetteville, NC – but can’t seem to find any more details as to where it’s located at.

The event, at least the one I’m aware of, are on a Friday – when most right wingish types are, ya know, working….

Last but not least – time. We really should have had a little more time to organize and pull events together.

As it is, only the most die hard will manage to make it, which is a shame.

A lot of talk gets talked. A lot of great things are said in this blog. But for a very long time, the movement has been in “their” direction. Obviously, too much talk, not enough action. I’m not smart enough to figure out how to change things, not smart enough to bring this nation around to getting back on the same path for which it was created, complete with warts. The warts can be dealt with, and of course, should be.

I know that I do not want a socialist America. Although I do not know how to prevent it, I am finally angry enough to do my part, once I figure out just what that part may be.

Yes, we need to speak up in no uncertain terms about the Porkulus Bill. Let them know we are skeptical of their method for reviving the economy. And especially let them know that we are looking to vote them out of office in 2010. Much of the bill does not go into effect for two years. If we could get some new blood in Congress they could cancel or change much of the spending and, instead, get tax cuts (stimulus of private capital) into the hands of citizens, companies, and investors.

IMNSHO the quickest way to stem the slide in housing is to cancel the capital gains tax for the next five years for investors who buy the foreclosures and turn them into rentals. There are pools of money out there with those plans in mind. They are not going to move until the risk/reward equation is improved. A temporary suspension of capital gains would provide a big incentive. But the dems cannot stand to see someone make a profit out of someone else’s misfortune. No, that would not be politically correct and it would be rewarding the (gasp) investor class.

Turbo-Tax Tim dithers while the banking system slides ever closer to demolition. Why, oh why can’t they see that what is needed is decisive, stand up leadership. If the mark to market rule was suspended for illiquid assets and a formula was put in place to value those assets the banks would have time to rebuild their balance sheets and start lending money again. It could be required that the banks, insurance companies, etc. go through them one by one and find the true values within two years. This would provide an orderly way of unwinding these assets and some confidence that the banks are not going to be nationalized or taken into bankruptcy. As Steve Forbes explains, most of this crisis stems from bad accounting procedures. It’s true that many of the MBSs, CDOs, and CMOs are worth less than par, but they are certainly not worth the ridiculous values that mark to market accounting has foisted on them. This is a crisis that would not have happened if:
1. Wall St. had not made these hybrid securities so complex.
2. The SEC and FASB had not insisted on the mark to market method for valuing illiquid and opaque securities.
3. The SEC had been more vigilant in stopping naked shorting of financial stocks.
4. The Treasury and the FEd had acted sooner and recognized that the mark to market rule was distorting the balance sheets of financials. By the time they acted confidence was already dropping like a stone and is now crawling along bottom.

Taking the uncertainty out of the banks’ situation will go a long way toward restoring confidence.

During the American Revolution, about 1/3 of the population in the American colonies was pro-King George, about 1/3 of the population was pro-independence, and about 1/3 of the population swung back and forth between the two extremes.

Fast forward a couple of centuries, and we have 48% who voted for the other guy. The winning candidate got about 52% of the vote, and is rubbing it in every chance he gets and ramrodding his policies down everyone’s collective throat as he robs the national treasury to pay off his supporters, an action that will leave us broke and with unmanageable inflationary pressures for years to come.

Someone is either forgetting or deliberately ignoring that for far less reasons a significantly smaller percentage of the population than 48% managed to lead a successful rebellion against their rulers during the 18th century…..

they want to be given a fish, not fish themselves indpendently.

but again, sorry for missing the attribution at the end.

which i posted already in other threads…

go here to read it ALL
oll.libertyfund.org/?option=com_staticxt&staticfile=show.php%3Ftitle=346&chapter=16050&layout=html&Itemid=27

bascially by ignoring waht i am writing, many of the people here are discovering the same thing i wrote about… terribly frustrating…

its like telling the boss a great idea.. the boss forgets you told them, and suddenly has a meeting to discuss the great idea.

how about this one
http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_hassett&sid=a_ac69DqFutQ

[mitsu will not like it of course]

Harvard Narcissists With MBAs Killed Wall Street

For two centuries, Wall Street survived wars, depressions, bank panics and terrorist attacks. Now Wall Street as we know it is dead. Gone. When a healthy and thriving person dies suddenly, a medical examiner may talk to family and friends to see if the deceased had recently changed behavior in some way. Wall Street did change radically in recent years in one notable way. Twenty or 30 years ago, it was common for the best and the brightest to be doctors or engineers. By the 2000s, they wanted to be investment bankers. When Wall Street was run by people randomly selected from the population, it was able to survive everything. After the best and brightest took over, it died the first time real-estate prices dropped 20 percent. .

Ceil, I submit we are in a battle not just for our economy, but for the country and its soul. We cannot make the enemy sit up and listen, we cannot. They will not listen. It serves their purpose to hasten your and my decline.

We have no alternative other than to hunker down, taking care of ourselves as best we can, and gradually and carefully band together, taking due care not to attract the attention of the Obamas and Holders, lest they establish a gulag for dissenters.