POLITICAL: FDIC Insurance higher?

Tuesday, September 30, 2008

http://news.yahoo.com/s/bloomberg/20080930/pl_bloomberg/ar8q_hit0nyi

Obama Proposes Increasing Federal Deposit Insurance to $250,000 Nadine Elsibai 1 hour, 58 minutes ago

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Sept. 30 (Bloomberg) — Barack Obama, the Democratic presidential nominee, today proposed increasing the Federal Deposit Insurance Corp. limit to $250,000 from the current level of $100,000.

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Sorry, I disagree. The taxpayer is not supposed to be an insurance company. The limit when it was raised led to the Savings & Loan problem. There’s no reason in today’s marketplace to have FDIC Insurance at 100k. I can understand wanting to protect small savers. But let them use Treasury Bills, just like the big boys. In the “old days” those were not available to the  little people. They are now!

No, no need for a larger FDIC, unless you want to insulate the bankers.

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POLITICAL: why I’ll never be President

Sunday, August 17, 2008

http://blogs.reuters.com/trail08/2008/08/16/obama-says-pointed-abortion-query-above-his-pay-grade

Tales from the Trail
Tracking the 2008 U.S. campaign
August 16th, 2008
Obama says pointed abortion query “above his pay grade”
Posted by: Ed Stoddard

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DALLAS – U.S. Democratic presidential candidate Barack Obama side-stepped a pointed query about abortion on Saturday by “mega-pastor” Rick Warren during a televised forum.

Asked at what point a baby gets “human rights,” Obama, who strongly supports abortion rights, said: “… whether you’re looking at it from a theological perspective or a scientific perspective, answering that question with specificity … is above my pay grade.”

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Republican presidential candidate John McCain, who followed Obama onto the stage of the nationally televised event, was more blunt and more emphatic.

He said a baby’s human rights began “at the moment of conception … I have a 25-year pro-life record.”

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1. “Pay Grade”! Hey, man, you are running for the most powerful job in the world. There ain’t NOTHING above your paygrade!

2. This IS a tough question. Akin to any genocide question.

I’d have said: “Life begins at conception. That’s science 101. When rights are assumed to begin is arguable. I DO know that when the Gooferment gets involved in tough questions, with one size fits all solutions, it muddies the waters. Abortion is a tragedy for all involved. I’d move the Gooferment out of people’s most heart wrenching decisions. Politicians don’t know sqwat! To think we can tell people what is right and wrong with one broad brush rule is absurd. We’ll leave that decision to the individuals involved and pray they make the right decision. As President, I’d remove rules and funding that push people around. My advice to the American People is: Zip it up folks! If you don’t dip your pen, there would be no need for abortions! Women control the situation. Demand a ring, a bank account, and fidelity. It’s your right. This is not one of those erasers on the end of a pencil. This is human life we talking about! Think about all the beautiful productive human beings we’ve nuked by our own stupidity! Have we killed the person who is going to cure cancer? Wise up and wake up. Next question!?”

But, then that’s why I’ll never be President. Too blunt!

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