Post Scripts

By Jack Lee

American Express faces lower profits, requests $3.5B aid. Treasury secretary may put it on his Visa. The Federal Reserve said on Monday they were granting a request by American Express to become a bank holding company. This gives them the technical right to apply for some of that 750 billion in bailout money.

The Fed approved the application for American Express and a related company, American Express Travel Related Services, to become bank holding companies. However, relieving the bad debt associated with credit card companies marketing plastic to everyone over the age of 18 was not the original intent of the massive Fed bailout.

It’s your money…what do you say?

by Jack Lee

It’s your money…you need to speak up!

Once again government is being called on to give taxpayer money to private industry in the name of saving the economy.

Nancy Pelosi and Barack Obama both strongly support a bailout for GM. My knee jerk response was on their side. I thought, we can’t let GM fail! We can’t risk 1.5 million people suddenly out of work… that would be a nightmare! And who will build our tanks and guns if we have another major war?

A closer look says something else entirely. GM will be forced to file bankruptcy without the bailout money, but they will continue to operate just like PG&E and a number of airlines have done in past years. The greatest impact will be on the unions, like the UAW. A bailout protects the unions, their labor contracts and lavish retirement plans that has been slowly sapping the life blood out of GM.

Democrats are beholding to unions. Union money and union voters have helped elect Democrat candidates. Unions have made a great financial investment in the Democratic Party and as a result of this undue influence, unions in essence own the Democratic Party. Is it any wonder that Nancy Pelosi or Barack Obama would support a bailout plan that benefits unions? But, what about George Bush, doesn’t he support a bailout plan too? Yes, and a month ago Democrats were calling him our dumbest president ever. But, lets be clear Bush has not absolutely resolved a bailout is the only way to go, so hold that thought.

Continue reading “<font color=red>Should We Bailout General Motors?</font>” »

NEW YORK (Reuters) – Home values in the United States posted their seventh consecutive quarterly decline, with nearly one-third of Americans who sold in the past year losing money, real estate website Zillow.com said on Wednesday. Home values fell 9.7 percent year-over-year in the third quarter to a Zillow Home Value Index of $202,966, according to the third quarter Zillow Real Estate Market Reports, which encompass 163 metropolitan areas.

Posted by Tina

Two articles in the Wall Street Journal today articulate my sense of the direction and focus that will best serve to strengthen the Republican Party and ensure our viability into the future. One recalls a period in our history when a loss in a presidential election was celebrated as a fatal blow to the GOP. In fact it gave rise to our most revered leader, Ronald Reagan. The second article is a call to reclaim Reagans vision of America, a free country made strong by the creativity and spirit of her people.

Continue reading “<strong>Old/New Focus for the GOP</strong>” »

LONDON (Reuters) – Weak economic readings from China, Japan and Britain and a grim corporate outlook worldwide reinforced fears on Tuesday of a prolonged recession, prompting investors to look to a world leaders’ summit for solutions.

Continue reading “TODAYS TOP ECONOMIC NEWS STORY” »

Posted by Jack

Sacramento – Sept. 2008 A homeowner who feared for the safety of himself and his family used a shotgun to kill an accused burglar early Tuesday in Del Paso Heights, Sacramento police said.

Police were called at 12:18 a.m. regarding a shooting in 800 block of Carmelita Avenue, Sgt. Matt Young said.

Officers arrived to find a 19-year-old man suffering from a gunshot wound. He was pronounced dead at the scene. Young said an investigation found that the dead man and an unknown number of accomplices allegedly tried to break into the home. A man, his wife and two children were inside the house. One of the burglars appeared to be carrying a rifle, police said.

Continue reading “Don’t Do Home Invasions In Sacramento” »

by Jack Lee

Just thought our readers and posters would like to know we’re reaching about 3600 people every month and we continue to grow. Thank you for your support.

Posted by Tina

Corporate Greed Run Amok – You’ll never believe who’s price-gouging. James Toranto, WSJ

* At a time of national crisis, a giant corporation experiences a spike in demand for one of its products. In response, it jacks up the price by a shocking 897%. It’s price-gouging! It’s greedy and unpatriotic! *

Continue reading “<strong><font color=red>897%</font>… Now Thats Price Gouging!</strong>” »

ER editorial: “While the City Council candidates ran a fairly clean campaign, an anonymous mailer sent to an unknown number of voters was deplorable. ( It was mailed out the day before the election and there was no time for the victim to respond.)

The mailer had a return address from a fictitious group. It was a hit piece aimed at Larry Wahl. The negative tone and accusations in the mailer aren’t worth repeating here.

In the fine print was the disclaimer, “Not authorized by any candidate or candidates committee.” It came from a post office box in Chico. Blogger Lon Glazner noted the P.O. box traces to Bob Mulholland, a renowned dirty campaigner for the Democratic Party. That box, Glazner said, also has been used by the Chico Democratic Club. Liberals on the council who benefited from the mailer should be embarrassed and should repudiate the actions of whoever sent the mailer. Local Democrats who care about ethical campaigning should, too.

Let’s hope voters were smart enough to see through the grease.”

Posted by Tina

Talking Obamas, Huxtables with Bill Cosby – The comedian says he is pleased about the ‘Huxtable factor’ in Obama’s election., by Greg Braxton

* Bill Cosby has long bristled at suggestions that his pioneering NBC comedy, “The Cosby Show,” was somehow unrealistic in its portrayal of a black upper-middle-class family. *** So with the Obama family set to take up residence in the White House, Cosby reflected on those statements last week with a chuckle. “For all those people who said they didn’t know any black people like the Huxtables,” quipped Cosby in a phone interview, “all I can say is, ‘Will you watch the show now?’ “ *

Bill Cosbys vision for black American families and children, as demonstrated on his show, is a good formula for all families.

Continue reading “<font color=brown>Dr Huxtable Chuckles</font>” »