John McCain’s Economic Adviser Sets John’s Policy and Lobbies for Banking Industry Simultaneously

The year was 2004, and I was working for a bank who’s mortgage company was originating 66% of it’s loans in California in areas where housing had skyrocketed to the point where the average home price was over 30 times the average income in some areas.  The normal ratio of home price to income for a home is usually between 2.5 to 3 times income.  In other words, If you make 100,000 in a year, then your home value should be in a 250,000 to 300,000 range.

Home values were skyrocketing in California and along the East coast due to investors’ greed, people trying to buy a home scared of being priced out if they waited, and/or the corporate market creating new products fueling the skyrocketing costs.  All of these factors fed on eachother creating a huge bubble in housing prices.  Adjustable Rate Mortgages (ARMs), Interest Only ARMS, and ARMs that teased a rate so low that you risked have negative amortization on your home while the rate returned reality…became the norm.  Banks such as mine that originated these loans had done their full due diligence in most cases.  It was plain as day to anyone who could project rates out five years, that the payment shock (the amount the homeowners payment would increase due to the language in the note) would cripple the borrower by sometimes more than double their original home payment…three to five years down the line.

In my pointing out that borrowers wouldn’t be able to make their payments, executive management would say the customer would refinance.  However, as I rightly pointed out from the example above, there were areas, that were overvalued by almost 10 times (1000%) their actual value and that nobody would refinance a loan when the bubble busted and the home was worth half as much as what the original loan was for.  The conclusion was not to stop selling what the market was demanding, but to determine which were the riskiest of those loans to sell them at a premium to companies that didn’t care about doing the analysis as they were receiving bonuses for bringing on new loans, and/or were planning to sell off a portion of the loans we’d sold them, to Wall Street…and Wall Street would sell them to banks on a global level.  Everyone keeps making money off of a false market, and keeps getting huge bonuses for doing so.

The Bush administration loved it (and also loved the large contributions my fortune 500 company PAC and millionaire CEO and Board donated to him).  There was less than two percent of actual growth during this time, but since people had rising home prices, they were borrowing against equity in their home that never should have existed.  Result:  people spent money they didn’t really have, and the Bush Administration could claim higher growth, despite the “growth” just coming from consumers running up more debt.  Imagine that, the Bush Administration was lying, again.

‘How could this scheme continue to go unnoticed’ I thought (along with, do I really want to be working at this place…even though it was an industrywide problem)?  Well, the main reason it continued, is because of deregulation.  Regulators who were supposed to oversee the industry had been stripped of power and didn’t oversee the same types of banks.  A regulator for a possible originator Savings and Loan (Office of Thrift Supervision) wouldn’t be the same agency overseeing any other bank down the line.  Picture the CIA and FBI not talking to eachother despite knowing terrorists were getting flight training in Florida before 9/11.

Additionally and more importantly, the regulations (Glass-Stegall Act) that were put in place after the Great Depression to prevent commercial banks and investment banks from having an affiliation with one another was repealed in 1999 and replaced by the Gramm-Leach-Bliley Act.  This act deregulated the banking industry and in essence allowed Investment Banks to get into the mortgage loan industry.  Packaging, or securitizing, large groups of loans and selling them to Wall Wtreet became the key to making large amounts of money.  Partly because of the Gramm Act, the economy is imploding, and people have lost their life savings due to predatory lending practices fueled by the greed of everyone from Realtors, to commercial bankers, appraisers, investment bankers, regulators, and the President.

The question is, what is the solution to this mess?  The answer, as John McCain sees it, is to follow down the path of what got us here.  John would like to DEREGULATE the industry further!  Yes, less oversight is needed according to McCain, but as he says, he doesn’t understand the economy that well.  He’s obviously losing his memory too, since deregulation is what got him in so much hot water in the 80’s as part of the Keating Five.  So, who is advising him on his economic positions since he doesn’t have the capacity to think through the issues himself?  Well, none other than former senator Phil Gramm of Gramm-Leach-Bliley.  As we all know, John has a new policy of firing any of his 60, or 59, or…okay we’re down to 54 lobbyists who are working for his campaign actually lobby for a corporation and advise him at the same time creating a conflict of interest for the American people.  So, who was Phil Graham lobbying AND working for while advising John on what policy position to take on the mortgage crisis?  The huge Swiss bank of UBS.

The obvious question is, what does it matter if you fire your lobbyists (Gramm still advises McCain), if they’ve already convinced you to set your policy position that benefits their employer?

Clinton Mentions a Possible Assassination as a Reason to Stay in the Race

This is a mentally ill woman. Could this explain why she sought out and championed the endorsement of the man who once accused her of murdering Vince Foster?

Would any sane person appoint someone who mentions assassination as a reason to stay in the race as their vice president? If she says incredibly dangerous things such as this when she’s your opponent, what will she be willing to do if she’s a heartbeat away?

What’s worse, is that her attempted apology was pathetic. Not only did she only apologize to the Kennedy family (when who she should be apologizing to is every American and specifically the Obama family), but it also sounded more like her Bosnia story. Clinton says she just happen to bring up the Kennedy’s since they’re in the news recently because of Ted’s recent diagnosis of having a brain tumor which is exactly what she said about being a Bosnian commando…it was just a one time slip of the tongue. Like the Bosnia story, it’s not the first time she’s made this reference.   She also gave the old, “sorry if I offended anyone” bit.  In other words, she’s okay with what she said, but if you’re not, then she’s sorry.

I once thought Hillary was a good liar.

Trust me…it’s not loaded!!!

Hillary Claims Sexism, the Suffrage Movement, and the Underground Railroad as Her Own

Hillary’s push to have her $31 million in debt paid off is obviously not going very well.  Her supporters are broke (apparently, little 11 year old Dalton doesn’t have another bike to pawn for Hillary), and Barack’s have little interest in funding her campaign that she knew was over months ago but continued to rack up debt to pay for it (now her Iraq war vote is making sense).

She’s out on the trail claiming that she’s fighting for votes to count in Michigan and Florida…even though she said they would not count when she didn’t think she’d need them (video below).  This new fight is now as big as the fight over slavery and vote suppression.  Really Hillary?  Getting votes seated exactly as you want them is as big as slavery?  Isn’t your ego a tad bit high today?

So, what is the only way left to have your debt reduced to zero?  Merge your campaign with the winner by forcing your way onto the ticket.  At this point the only way that can happen is if Hillary sabotage’s the Obama campaign without forcing superdelegates to end the race before your plan is complete.  The only way to keep the race going is to beg superdelegates to not decide yet, and let her go to the rules committee (you know, the one that set the rules already that Hillary now says she doesn’t like).  In this Bizarro World, the game continues to go on into overtime, despite one team already having a majority of the elected delegates, Hillary stirs the pot by claiming sexism, and pretending that making sure Michigan and Florida get to have a say in a race that won’t change Baracks elected delegate lead no matter how the delegates are seated.

Hillary has absolutely no argument left in her quiver, except maybe one.  In this linked article, the author points out that Obama hasn’t cheated on his wife (like Bill) which means he’s not agressive enough; not to mention, he was just too nice on the campaign trail to Hillary, which means he’s just not tough enough.

This is my favorite argument of all, because it goes to the emptiness of the Clinton campaign.  A lier can throw out enough bogus stories (like the gas tax Holiday, 35 years of experience, Bosnia, no sexual relations, pro-NAFTA, etc.), that they actually start to believe them.  However, article linked above may be the most pathetic article I’ve ever read. Pathetic that someone can contradict themselves so many times, and pathetic that this is what Hillary’s argument is boiled down to…absolutely nothing. 

What simpleminded people such as this author fail to comprehend is the masterful/brilliant campaign that Obama has run. he avoided doing anything to be accused of sexism despite the world watching his every move.  When the race is finally over, Hillary has been forced to try and play the sexism card she’s wanted to do all along…but she’s having to blame the media because the candidate didn’t give her an open shot.

Barack is teflon because he doesn’t give you a reason to hate him. Hillary’s problem is that she doesn’t give you a reason to like her. I understand why she has loyal supporters; if I were a 65+ year old woman, I’d be pushing for her candidacy for personal reasons as well…but articles like this are more demeaning to women than anything a man could do or say [hyperbole alert].

When you’re complaining that Barack won, but was too nice to your candidate…then you missed what was actually going on. Barack left no room to write articles about him being a sexist…and now they’re left writing fluff pieces while he moves on to be tough with the republican candidate while Hillary waves a sexism card from the 2nd place podium.

The many faces of Hillary propelled her to an impressive second place finish.

 

Polls: Obama Starting to Bring All Demographics Into His Corner

While the Clintons continue to cyphen the paychecks of their “hard working white voters” to pay off their campaign debt, most democrats are now starting to back Barack.  While you may not know it from the dualing banjo states of West Virginia and Kentucky (I would worry about offending them, if those outside of Louisville or Lexington had the Internet), Barack has even pulled even among women.  Apparently, they don’t think it’s appropriate to wait until after the race is over to wave the sexism card you’re threatening to sabotage the November election.  Is that the quality of a President?

In the slide below, Obama has pulled even or ahead in each of the previous areas that Clinton had claimed as her own.  Women, Hispanics, and those without a college education.

 

 

 

Clinton Begs Superdelegates to Allow Her to Stay in the Race

Clinton’s appeals to superdelegates are running parallel to her promises not to hurt the eventual winner.  Huh?  If you still think you’re in it, why are you saying you won’t hurt the obvious nominee, and why are you trying to push the goalposts out a little further to keep the race going (by saying the delegate number needed is 2209+ instead of the actual 2026)?  

What possible reason could Clinton have to want to stay in the race after her staff has admitted it is over and has already started looking for new jobs and book deals?  Oh, that’s right, Hillary can continue to collect money until the National Convention in August, but if her supporters think she’s out of the race, then she can’t get them to pay off her debt. 

I’m not sure what’s more sad, Hillary’s new reasons for convincing her supporters she’s still in the race (my favorite is that Karl Rove thinks she rocks!), or that she’s bragging about cashing the check of a young boy who sold his bike and video games to contribute to her campaign after she already knew it was over.  Congrats to this young man for helping Clinton pay off $11 million of money she lent to herself (while the overall debt of the campaign is up to $31 million) to spend on an ego campaign that Hillary’s advisers admit they knew was over in February.  Poor kid now has to sit on his blistered feet (from walking home from school) while playing jacks instead of getting in shape with his Wii.

As of tonight, Barack will now have the majority of the elected delegates (i.e.:  even if Clinton wins 100% of the remaining delegates due to Barack supporters forgetting to vote, she cannot catch up).  Furthermore, if he wins over 50 delegates (probably a few short), she can’t catch up even if she gets the delegates from Michigan and Florida in the %’s she has requested (which you know are on the up and up since everyone but Hillary wasn’t on the ballot in Michigan).

So, the question is, why does Hillary get to stay in the game longer than she should?  The answer, because nobody wants to upset her supporters…and with Hillary wielding the “sexism” card every few hours and the “her”oggate Gerraldine Ferraro threatening to not vote for Obama (again), expect Clinton’s debt to be paid in full…and the enormous strides Clinton has made for women to take one giant step back.

Hillary says:  Bike…check, video games…check, check from 11 year old…check.  Money repaid to self so I don’t have to sell my Madden 2007 or Wii Bowling…check.  Now I can exit the race with a clear conscience.

 

Bring on Oregon!

75,000 plus came out to listen to Barack Obama in Oregon.  It received a decent amount of press, but when was the last time a politician other than Barack had more than 20,000 listen to them speak?  When was the last time McCain had more than 200?  This is a movement spurned by the corporate takeover of the Republican party that has put the country in debt, at war, and loaded the supreme court with lunatics to ensure the corporations aren’t punished for poisoning our food, drugs, and environment. 

This new form of government for the corporation is set up to put us in debt (by cutting corporate taxes) and take us to war to further profit the same corporations who took us there and benefit from everything from the oil contracts to the bullets and insurance for the employees of the privatized workers. 

McCain would like to add this privatization strategy to education, social security, and 401k’s.  Great idea!!  Nothing like trying to cut costs on my kids schooling and making sure Merrill Lynch gets a cut of everyone’s 401k.  It’s become nothing but a highway toll mentality where the corporations by the right to take a cut off of everyone just because they’re one of the 54 lobbyist who haven’t quit John’s campaign yet.

John counts the number of people standing in front of him.

 

 

 

Bush Sacrifices Golf for Troops (except for the playing it part)

Maybe he just meant that he wasn’t going to watch it anymore, even though that’s not what he said.

http://www.huffingtonpost.com/2008/05/16/bush-lied-about-giving-up_n_102138.html

He says he doesn’t want mothers and fathers who have lost a son to see him doing things that make it look like he’s not in “solidarity with them.” You know, like when he made jokes about not being able to find weapons of mass destruction/distraction in the White House. Or tap dancing in front of the White House waiting for John McBush, or dancing like a fool at another White House “celebration”; probably a mission accomplished function.

McCain and His Flip Flops on Huge Issues

John McCain ran as the “maverick” politician in 2000 against George Bush. Bush labeled McCain in so many “liberal” ways that McCain has said he didn’t vote for Bush in 2000 (but in true McCain fasion, now says he did vote for Bush. This, like so many other topics, he’s flipped…so I thought I’d give a quick list of John’s biggest flip flops. Ironically, he uses most of his previous positions against his opponent in the general, Barack Obama.

McCain Then	McCain Now
Said in 2006 that we should work with Hamas since they are the elected government.	Claims Obama talking to Iran is like meeting with Hamas; i.e.: negotiating with terrorists
Has voted in every chance against every form of alternative energy, fuel efficiency increase, and renewable energy. At every turn, all of John McCain’s efforts have been to support Big Oil. I would list everything, but this link does it for me.	Now says he’s the person to tackle global warming. It’s so easy to say you’ll be the one to tackle it once it is a crisis, after you spent 30 years in the senate not tackling it.
Thought Bush’s tax cuts for the rich were a terrible idea…his words:   “I cannot in good conscience support a tax cut in which so many of the benefits go to the most fortunate among us at the expense of middle-class Americans who need tax relief.”	Now supports Bush tax cuts for the wealthy at a time when the country in trillions of dollars in debt, is spending $5,000 per second in Iraq, and will be paying off the loan we’ve taken out from China for 100 years so we can make sure the rich don’t have to sacrifice.
Says he wants openness and transparency of government.	Goes against his own campaign finance laws (because Bush won’t appoint a full Election commission to enforce the rules) by taking flights on his wife’s jet. Unfortunately, since she’s said she’ll NEVER release her tax returns, we don’t know which corporation is paying for the fuel. Luckily, lobbyists aren’t flying around on the plane with John (oh wait, yes they are).

Who is the true maverick? (picture of Xenu not available for less than $100,000; BTW, don’t John’s hugs make people look fat?)

 

I may be old and crazy and have a bad temper, but that doesn’t make me old and crazy.

Bill O’Reilly Blows Up Due to His Inability to Read

This is mainly for my own viewing pleasure, but feel free to enjoy along with me.

The original:

http://www.msnbc.msn.com/id/21134540/vp/24586540#24586540

The remix:

Clinton Supporters Threaten to Switch to McCain

In a last gasp effort, some Clinton supporters have threatened to vote for McCain. This logic seems severely flawed in that unless they are racists, McCain hardly seems like someone who would support their views, assuming they actually liked her stand on the issues. A list of some of McCain’s views:

• Feels it is okay to call his wife a “cu#t” in public (as if it mattered where).
• Thinks that keeping a presence in Iraq for 100 years will be the same as keeping them in South Korea. However, to stay in Iraq with permanent bases he says we must not be taking casualties; to leave Iraq, we must not be taking casualties…with this circular logic, one can only assume that he, like Bush, wants us to stay in Iraq (to protect the oil that funds the Republican Party…and terrorism.  Therefore, we’re doomed to stay in a land that does not want us. I’m sure the suicide bombings will stop if we build permanent bases though, I mean, it worked so well for the Khobar towers in Saudi Arabia. At some point Republicans will actually study why people in the Middle East don’t like people from other countries to set up bases on their land…and we’ll figure out that they’re just doing it for oil…like McCain said the other day.
• Wants to appoint conservative judges to a court that already has 7 of 9 judges appointed by conservative presidents. Women’s rights have already stalled, McCain would like to remove any right to chose…even in cases of rape.
• McCain’s campaign has over 60 lobbyists working for it…well it did before two just quit as they represent Myanmar/Burma’s ruling party that is refusing aid and allowing 100,000 die in their own country.

I’ll be adding more, but it seems pretty hard to believe that even the most hard core Clinton supporters would trade the future of the country because their candidate didn’t win the nomination.

This is what happens when you build bases in the middle east, even in “friendly territory”….shhhh…don’t wake up John to tell him.

Let the Barack Obama Superdelegate Flood Begin!

Superdelegates gave Hillary the space she needed to bow out gracefully from the race. Hillary’s allegiance is not to the country’s future, her supporters, or the American people. Hillary is about power and money. She rewarded the supers generosity with trying to encite a race war. One of her top supporters called her comments “dumb.” Understatement of the year.

The time for being nice to Hillary is over, and the supers are starting to flow. Nine today along with a new union endorsement. The decision will apparently have to be made for her.

Clinton Tries to Create “Race” Spectacle…Nobody is Buying

From MSNBC’s First Read (although I think they should call it ‘Second Read’, we all know who is “first.”

http://firstread.msnbc.msn.com/archive/2008/05/09/999566.aspx

Clinton: Playing the race card? Posted: Friday, May 09, 2008 9:25 AM by Domenico Montanaro
Filed Under: 2008, Clinton

The New York Post: “Clinton played the race card yesterday as she dismissed Barack Obama as a candidate who will have a hard time winning support from ‘white Americans.’ It was the most starkly racial comment Clinton has made in the campaign, and drew quick condemnation from some Democrats.

“ ‘I have a much broader base to build a winning coalition on,’ she told USA Today in an interview published yesterday. She referred to an Associated Press story on Indiana and North Carolina exit polls ‘that found how Sen. Obama’s support among working, hardworking Americans, white Americans, is weakening again, and how whites in both states who had not completed college were supporting me.’ She added, ‘There’s a pattern emerging here.’”

Here’s what some said in response: “Muriel Offerman, a North Carolina superdelegate who has not disclosed her choice, said, ‘That should not have been said. I think it drives a wedge, a racial wedge, and that’s not what the Democratic Party’s about.’ Asked about Clinton’s comments, Massachusetts superdelegate Debra Kozikowsi said, ‘That’s distressing. I’m not even sure how to respond to that.’”

The New York Daily News: “Hillary Clinton misplays race card while Barack Obama is treated like rock star.” “[S]ome of her supporters — including Rep. Charles Rangel (D-Manhattan) — slammed the comments. ‘I can’t believe Sen. Clinton would say anything that dumb,’ Rangel told The News as he headed to the House floor, where earlier he had embraced Obama. The bitter words came as both candidates looked ahead to West Virginia’s primary Tuesday and pressed their talking points — Clinton insisting she was in the race to win, while Obama argued he could have the nomination wrapped up when Oregon and Kentucky vote on May 20.”

Peggy Noonan also believes Clinton played the race card in her USA Today interview. “If John McCain said, ‘I got the white vote, baby!’ his candidacy would be over. And rising in highest indignation against him would be the old Democratic Party. To play the race card as Mrs. Clinton has, to highlight and encourage a sense that we are crudely divided as a nation, to make your argument a brute and cynical ‘the black guy can’t win but the white girl can’ is — well, so vulgar, so cynical, so cold, that once again a Clinton is making us turn off the television in case the children walk by.”

“‘She has unleashed the gates of hell,’ a longtime party leader told me. ‘She’s saying, “He’s not one of us.”’

John Edwards said on MSNBC’s Morning Joe that he disagrees with Clinton’s “white Americans” comment and that she’s got to ask herself, “Where are the lines?” He added, “I think it’s fine for Hillary to keep making the case for her. But when that shifts to everything that is wrong with him, then we’re doing damage instead of being helpful.”

And did Edwards tip his hand on who he’s backing? He called Obama the “likely nominee.” And we’ll chalk this one up to his Southern accent, but he said he “voted for ‘em on Tuesday.” (Sounded an awful lot like “him.”)

Also… “I think Barack Obama’s doing pretty well without my help.” Edwards also said, “He is clearly the likely nominee at this point.”

Edwards said he may choose to publicly declare for one of the candidates, but he’s keeping it to himself “just for now.” He added, though, that he doesn’t think his endorsement matters except to “people like you all” [the media]. He wouldn’t answer if he and his wife, Elizabeth, voted for different people.

Here’s the New York Post’s headline to Charles Hurt’s column: “Desperate Hillbillies threaten to break up party.” “Well, now these racial politics have spilled out into the public and are splintering longtime, devoted Democrats into separate camps. It’s become the ‘working-class whites’ versus the ‘eggheads and African-Americans.’

More: “With no one left to cry to, Sen. Clinton has gone nuclear and she’s getting kookier by the minute. Yesterday she was toast. Today, she’s looking more like scrambled eggs.”

Politico’s Smith on Clinton’s blunt talk about her white support: “Now, the press has talked about the race in these terms constantly, so I won’t feign shock. But it’s a bit strange to hear it so bluntly from the candidate’s mouth, and probably not a great way to endear herself to African-American voters. And it’s also noteworthy that the blunt talk on appealing to whites surfaces the day after the last round of primaries in which there’s a substantial number of black voters.”

The New York Times reports it’s possible Clinton will give herself more money. “Clinton advisers said Mrs. Clinton was committed to spending more of her own cash on the campaign if necessary, although they spoke optimistically about a rise in fund-raising if she prevails in Tuesday’s primary in West Virginia.” More: “Clinton had been increasingly relying on Internet donations this spring from new and small-amount contributors; the day after she won the April 22 Pennsylvania primary, the campaign brought in a record $10 million online. But Hassan Nemazee, one of Mrs. Clinton’s national finance chairmen, put the amount she collected online in the 24 hours after the Indiana and North Carolina primaries at only “$1 million-plus.”

Interestingly, the Times makes the point that Obama’s big spending in PA for his nine-point loss actually may have dealt a devastating financial blow to Clinton. “Obama spent $9 million on television advertisements in North Carolina and Indiana, including a last minute $170,000 purchase in the expensive Chicago market, which extends into northern Indiana. By contrast, Mrs. Clinton spent about $4.7 million in those states, according to CMAG. Even more, said Evan Tracey, spokesman for CMAG, the fact that Mr. Obama was able to pump $10 million into media purchases in Pennsylvania in April, even though he did not win that state, forced Mrs. Clinton to spend $5 million, cash she could have used in Indiana and North Carolina.”

Yesterday, Terry McAuliffe said “seven figures.” That doesn’t quite confirm the million dollar Internet haul but…

During a three-state whirlwind tour yesterday of half of the remaining primaries, Clinton has altered her stump speeches on energy slightly to address the specific needs of those states, NBC’s Lauren Appelbaum notes. While Clinton emphasized coal technology in West Virginia (a topic normally included in a list but rarely specified on), she discussed wind power at more length in South Dakota. “When we get 52% of electricity from coal in the United States, coal is not going anywhere,” Clinton said to applause in Charleston, WV. The New York Senator did emphasize the necessity for clean coal technology but assured the audience, which was sure to have included a good percentage of coal miners, that coal mining would not be eliminated.

None of the coal talk was anywhere to be seen in an expanded rally in Sioux Falls, SD four hours later. Instead, the focus was on wind energy production. “It’s been said that America from the Dakotas down to West Texas is the Saudi Arabia of wind,” Clinton said. “And, you know, that’s not just Washington political hot air talking; that’s actually a fact, that if we harness the wind coming off of these plains and we had an electric grid system with the distribution system to transmit it from right here in South Dakota across our country, we would be moving toward clean renewable energy.”

Why go on? The New York Daily News: “Whatever happens, it’s a profile in true grit. But why is she still in a race that with each passing hour appears more doomed? Admirers say she’s genuinely driven to make America a better place. Critics attribute her doggedness to the consuming ambition, thirst for power and streak of narcissism she shares with her husband.”

“Movie mogul and Hillary Rodham Clinton backer Harvey Weinstein told House Speaker Nancy Pelosi he would stop fund-raising for Democrats if she refused to support new primary elections in Florida and Michigan, it was reported yesterday.”

Post Race Analysis:

As suggested by IG yesterday, Hillary is going to continue to pretend that she’s in the race through May 20 to allow her to pull in money from her supporters to pay off her debt. However, a new twist has been thrown into the mix; Hillary’s debt maybe be twice what is currently known. Most media outlets are reporting the $11.4 million that she loaned to herself is only part of her debt. Former Clinton insider, George Stefanopolous is reporting that that number is likely over 20 million!

Why is this significant? During the month of April, Clinton raised a supposed 20 million in a month where she had a self reported 10 million dollar day after the Pennsylvania win. There were days where they raised as low as $3 thousand, which means her regular donors are dry to the bone. It will be impossible for her to pay off even half this debt. BTW, Barack never had a day of taking in less than $200 thousand+ in April.

Enter the Obama campaign. It is possible to for him to help fundraise to payoff this debt (among other methods), but the question is, after the race bating and questionable tactics, why would he want to, and would his supporters accept this as a place for their money to go?

Hillary knows the campaign is over, in fact, her campaign is quoted as saying they knew it was over in February. However, without the payoff of debt, there will be no paychecks for many of those who still have a job…and a loss of $20 million for a couple who LOVE to make money in the shadiest of ways. Solution? Encite a race war at the end of the campaign by saying that white people all vote for her (she must not have noticed getting blown out in Washington State, Iowa, Kansas, Idaho, Nebraska, Minnesota, etc. ). This, in her mind would ensure that she would have to be picked up on the ticket so Barack will pay off her family’s debt.

Hillary is a sell out for money, fame, and power…and this latest gimmick only moves her one rung lower on the politician scale, and dictates that it’s time for this style of politics to go.

The Race is Over!!

As predicted yesterday, the race between Barack Obama and Hillary Clinton is over. It seemed to shock most TV pundits, but it shouldn’t have. This was Hillary’s last chance. She ran a tough campaign and unfortunately met up with the best possibility for this country since JFK. Watch Tim Russert’s analysis of how the race ended:

Hillary will stay around and allow Barack to clinch in Oregon while she wins Kentucky, and likely bow out then.

There is only one reason that Hillary stays in as she fools her followers for another few weeks while pretending to campaign: Money. Hillary has now loaned herself $11.4 million dollars, and will need her Clintonistas to pay off that loan. Sounds like something John McCain has already done to American taxpayers, but that’s reality for old school politicians.

Congratulations to both candidates. Information Giant will be focusing on McCain from here on out.

Update:  It appears the Clinton campaign has been under reporting its debt and may be over $20 million in debt.  Hillary’s will not be able to raise those types of funds and will now have to get on the ticket to have Obama erase it for her.  Expect her to incite a race war to keep herself relevant.

Hillary’s Last Minute Pander Will End the Race on May 6

Hillary Clinton latched on to John McCain’s gas tax holiday proposal in a last minute pander to get votes in her desperate attempt at a game changer in North Carolina. She’s gone as far to say that she doesn’t want to listen to the 99% of economists (that aren’t working for Shell Oil) who have said it is a dumb idea. When you increase demand for goods (by lowering the price), then those who are selling the good end up raising the price to profit from that increased demand, and thus, any suspension of the tax will be nullified by either the oil companies or retail gas station making up the difference. So, the taxpayer loses 9 Billion in funds to repair roads, the economy suffers from 300,000 lost construction worker jobs, the oil and gas retailers make more money, and the reliance on oil as a false commodity continues.

This suspension of reality is frighteningly similar to Bush not listening to “experts” about the ramifications of going to war in Iraq, scientists who warn about global warning, teachers who warn of the perils of No Child Left Behind, and or experts who point out that “teaching” abstinence in our schools only leads to more babies and sexually transmitted diseases. This latest pander to voters isn’t the only similarity Hillary has to our current President, but her trying to frighten voters with scare tactic ads and threatening Congress to join her worthless new policy plan with the Bush phrase, “You’re either with us or against us,” just cemented her spot in history as one of the lowest of the low politicians of our time.

This latest strategy will backfire in the worst way for Hillary. North Carolina will be a big loss and Indiana will be a small win, if at all. Super delegates have been slowly moving to Obama for the past two months and despite CNN ignoring four new Supers going to Obama on May 5 (going 18 hours without reporting this fact, but “reporting” that a poll changed one percent in a day”), the trickle is about to become a flood due to Hillary threatening to go nuclear twice in one week…once on the democratic party and once threatening to annihilate Iran (which was strange to threaten to kill innocent women and children considering she’d scolded Barack for saying he’d attack Al Quaeda leaders in Pakistan).

McCain’s gas tax holiday plan and his numerous gaffes including letting it slip out that we’re in Iraq for Oil is about to be dealt with head on.

See the gas tax plan get debunked below:

Oh, and for the 100th time in the past 100 days…Wolf Blitzer “reports” that he thinks his “dream ticket” idea may be a possibility. This guy is either a complete moron, or his CNN handlers have kidnapped his kids and are forcing him to continue to push what everyone in the world knows will never happen. Congrats for hitting 100 Wolf!!