IT IS BIGGER THAN THE BOTH OF US

For those of you who are old enough to remember there was a great show with Sid Caesar and Imogene Coca called "Your Sow of Shows' One of the great lines that Imogene would say to Sid was that "It was bigger than the both of us." Didn't matter what it was it was just too big. Over 50 years later here we are and it looks like it is bigger than all of us. We have a credit mess that seems to be without an answer. A problem that while partially caused by Wall Street was initially caused by our friends in Washington and their pals on K Street. Think about it we had the best minds in the world working on Wall Street with one goal in mind to make money. Not a bad idea but the problem was not because of a lack of regulation but no resolve to enforce the regulations that were already on the books. Why is that you may ask because it did not benefit the folks in DC if there was no irrational exuberance so that everyone thought everything was great. Remember it is not how you are doing but how you think you are doing. You think Bill Clinton and his pals wanted to put the searchlight (by the way Searchlight, Nevada the hometown of Harry Reid) of truth on what happened during his 8 years when most of the seeds of this crisis were planted. Of course not lest Bill Clinton be deprived of 4 more years in the White House. Clinton who was like the guys who used to spin multiple plates on the Ed Sullivan Show just wanted things to keep spinning so he could continue to enjoy the good life. Remember while this is the guy that felt your pain he was also feeling something else in the Oval Office.

So now we are trying to figure the whole thing out. Point one want to give people back the confidence that is needed tell them their money is safe in the bank. That does not cost the FDIC one penny guarantee it all. Secondly the total amount of mortgages in this country is currently at 12 trillion with 6% being in default not foreclosure but default. Do the math that comes to 720 billion. Guarantee all those mortgages by fixing the rate and extending the term to make the numbers work. When most of grew up in the 50's and 60's the goal was to pay off your mortgage and own your house free and clear. The reality is that most people who buy a house today will probably be in debt their entire lifetime. So let's bring in 50year mortgages and have the banks issue a fixed rate 50 year term at 5.25%. The banks would go for it in a heartbeat as they get the coupon for a longer period of time and they would actually have people living in the house on which they hold a mortgage.

The net answer is put people in charge who actually want to fix the problems not politicans on both sides who benefit from the chaos.

ARE YOU KIDDING ME

In the movie Casablanca Claude Rains shuts down Rick's American Cafe because he was shocked to find out that there was gambling on the premises. As he is shutting it down one of the croupiers walks up to him and hands him his winnings from the same gambling tables that he just shut down.

Well the same thing is happening in the domestic financials markets. Members of Congress and members of the executive branch are shocked by the magnitude of the crisis. These are the same folks that created the problem to begin with. The large part of this problem was created in the 1990's when Wee Willie Clinton needed a populist rallying cry so he said that was everyone should own a home in this country. Instead of everyone should have opportunity to make enough money to buy a home that they can afford. We all know that everyone should nor more own a home then they should own a Bentley. This crew on the ship of fools continue to float along on a magical mystery tour. Talk about hypocrisy Chris Dodd is calling for caps on executive compensation when he tooks hundreds of the thousands of dollars from his buddies at Fannie and Freddie and almost singlehandly allowed them to turn a government guaranteed organization into their personal hedge fund. Using the Feds bank account to achieve their own financial goals. Maybe Dodd should take a paycut. Then there was Alan "I have never been wrong in my life" Greenspan who when asked about the ever increasing percentage of mortgage debt to personal income said that the increase in home prices would create a cushion for the homeowners. Well Al that works until it doesn't.

In this era of transferring personal responsibility to collective responsibility it is very troubling that we have the likes of Chuckie Schummer, Harry Reid, Barney Frank and the like to lead out of this mess. Tell you how bad it is the smartest one of the entire crew is Richard Shelby.

WITH FRIENDS LIKE THIS WHO NEED ENEMIES

Memo to a future President don't allow the inmates to run the asylum. Carlee "I hate everyone" Fiorina John McCain's economic advisor and tie to the corporate executive suites of the world told the clowns at MSNBC that McCain and Palin did not have the experience necessary to run a major corporation. Hey Carlee shut the F up. Let's not make this harder then it already is. Incredible that she would even go on the Obama Network let alone give the opposition ammunition.

Well worry not one small mistake can't derail the Republican team. The New York Obama Times had five seperate articles on Sunday taking a run at Sarah P. Well keep em comin Commissar Sulzberger in case you didn't figure it out Americans like an underdog. Maureen Dowd who is bi-polar without the ups continues to trash Sarah. Hey Mo what are you afraid of ?

Hillary finally made it out on the campaign trail and is trying to help BO raise some dough. How much money does this guy need. He doesn't need to give any more to Right Rev Jerry Wright, maybe he is building his nest egg after he loses the race.

Well anyway we are heading the in right direction.

Large Women Singing

We all know the expression "It's not over until the fat lady sings." Well why it is far from over I can hear a fat senator dressed in a canary pants suit warming up her vocal cords. BO has his hands full with "Superbitch" and her STD infected "husband". When BO decided to pick Senator Hairplugs he gave up any chance of becoming the next President. So when they airlift Thunder thighs out on the campaign trail for BO lets see what her level of enthusiam looks like. Me thinks she would probably put more energy into a three way with Bill and Monica.

PEOPLE IN GLASS HOUSES

There is an old expression "That people in glass houses should not throw stones" I always thought that people in glass houses might want to dress in the basement but I digress. It is absolutely amazing to me that BO and his campaign toadies are going after Sarah Palin's church affiliation. Yes guys she did and does belong to a pentacostal chuch where some of the members speak in tongues and try to convert gays to hetrosexuality through prayer. OK Iget it maybe a little non mainstream but let's compare that to the teaching of the Right Reverand Wright of the I Hate Whitey Church. I for one fear the congregation of Sarah's house of worship a lot less than I do the followers of Rev Wrong. It continues to amaze me on the how the left can't get it right. The level of hypocrisy is overwhelming this year. Nancy Pelosi can be I am women with her five kids but Sarah can't. BO admits to smoking dope, snorting coke and many other illegal activities and they are all over Todd Palin for a DUI 22 years ago.

Hillary has been very quiet I guess she is gearing up for the one campaign event she is going to do for BO, that's the one they are going to hold in a phone booth. And Wee Willie who the hell knows where he is and frankly who cares.

Keith Oberman and Chris Matthews are trying to keep their pants dry asthey get wet everytime they see or hear BO. Oberman makes Michael "I ate Al Gore and Liked It" Moore look like an objective commentator. Matthews who is a like a rat on crack makes it very easy on his guests he asks the question answers them and then goes to commercial. Matthews who was Eleanor Clift before the sex change is starting to sound like Rosie O'Donnell.

Well that's it for today keep your head up Repubs only 58 days till victory.

DREAMS AND NIGHTMARES

There is an old Chinese expression "That a dream that lasts too long turns into a nightmare." Well last night we saw BO and is dream speech for some and if he is elected it will be a nightmare for the rest of us. The arrogance was palpable last night when Barry O tried to use the MLK Jr. anniversary of his GREAT dream speech to try to inspire the 80,000 cool aid sippers that attended Woodstock West. There was Oprah who could not attend the first part of the convention until she found her diamond encrusted Barrack Obama glasses. The other usual suspects were there Al "Hefty Bag" Gore, The Clinton twins Hill and Chelsea, Bill could not stay he has a pressing engagement in Vegas, and of course Nancy :The Idiot" Pelosi to make sure no one got out of line.

Remember the Mondale line "Where's the beef" well last night it was "Where's the ribs". Right after he said he would lay out the specifics in his plan to change our country he went again to tell us about his plan that would do nothing more then redistribute the wealth in this country.

No Barry O we do not need you to help us dream and help us turn this nation around. We are doing just fine thank you and I for one suggest that maybe it is you who need to turn around and just leave town.

AGENT ORANGE

Well there was Hill last night looking simply marvelous in her Orange traveling pant suit. If you remember the old Groucho Marx show "You Bet Your LIfe" one of the savior questions at the end for the folks who couldn't answer any of the questions was "What color is an orange" well Hillary got it wrong last her orange was brown. As brown as the crap that comes out of her tail section. Was her speech meant to inspire and set the stage for her run in four years or was it meant to unify. Tough question me thinks unity was not on her mind. Tonite her life partner will be up to heal the wounds that he opened up early and often in the party of Al Gore. As this Ship of Fools cruise continues we can only look forward to more laughs along the way.