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Name: Roy Rolling
Location: Metairie, LA
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Blogs are Like A****les

The rules of the virtual BLOGOSPHERE are just like the rules of the real world of media.
 
Blogs are like a****les, everyone's got one.
 
I mean, really, have you seen how many blogs there are out there?  All of them self-absorbed insights from "genuises" like me with nothing better to do than spill words from an overactive mind.
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People Will Only Read This

Nobody reads a nobody.  People will only read this if I am well-known.  Then, it is too late.
 
The Second Great Depression and banking failure is eerily similar to the first.  Back in the days of the "dust bowl" farming was in the throes of deregulation, too.   No longer were farm yields limited by the soil itself because "modern farming" of fertilizers and concentrated planting were giving far better yields.  If a farmer did not adopt "modern farming" methods of the early 1900s they were at a competitive disadvantage.
 
Fast forward to the 1930s when after years of over plowing the same fields and use of fertilizer, the soil was like sand and unable to produce.  In fact, it was hard just to keep the depleted soil even on the farm boundaries as wind would blow it away and produce gigantic dust storms engulfing entire counties and states.
 
So the exaggerated farm yields at the expense of the long-term health of the farm soil came to a crashing halt when "modern farming" methods were "discovered" to be  the cause of the death of the farms themselves. Farmers adopted conservative soil-erosion techiques and by slowing the process the long-term health of the soil was maintained.
 
Now, financial markets have been stripped of most regulation and produced 10 years of phantom yields.  But having plowed the same ground of poorer and poorer people, the poor people have been blown away from their mortgage and other financial obligations by the ever-present winds of new products.
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Leave Sarah---and Brittney Spears---alone

I think the focus is wrong when the media questions whether hockey-mom Sarah Palin is qualified to be Vice President of the United States.
 
This is the perfect opportunity to "de-regulate" the office of Vice President to make "hockey-mom (or dad)" one of the essential qualifications to the second highest office in the free world.  Make it a requirement.
 
Deregulation worked for Wall Street, didn't it?
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Bring it On

They say that refusing to bail out Wall Street will result in massive upheaval like the Great Depression.
 
I'm ready to put that theory to the test.
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Thou Doth Protest Too Lamely

It's clear neither candidate has much of a clue what to do to solve the financial marketplace meltdown.  Neither do I, but I had a hunch the solution was runaway, recently-deregulated financial futures trades.
 
But you'd think the McCain camp would have at least a clue, their campaign manager Rick Davis was the beneficiary of $2 million in FNMA money to lobby for less regulation and more of the type of trading that sunk FNMA and a host of others.
 
It's hard to find someone more close to the smoking gun than that, unless it is the clueless trigger-men of Washington, out played by the banks of New York.
 
Once again, the Yankees beat the Senators.
 
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Two Americas

There are two Americas, and I'm not talking about North and South America nor red and blue America.  The U.S. is city-America and country-America.
 
In the last 100 years America has been transformed from a primarily-agrarian society where most people lived on farms to an urban society where most of the population is in cities.  That is where the line is drawn, not artificial divisions like red and blue.  That is why immigration solutions for the city are hard to enforce in the country and gun control in the city is unnecessary in the country---they are two different sociological environments.
 
So if our fearless leaders want true bipartisanship they need to address this growing divide.  So what is the common ground?  Belief in a higher power---and giving the benefit of the doubt exactly what the name of that higher power is.  Because we've failed to responsibly address this issue, both ends of the extreme get all the attention----radical Islam and atheism---the personification of those who believe God is whispering in their ear and the opposite, those who think their ears define everything there is to be heard.
 
Those in the middle who believe in a higher power and simultaneously respect the right of others to do the same, are the foundation of an America that can find common ground in both cities and non-metropolitan areas.  Rules 100% applicable for the city may not be 100% applicable for the country---or desert.  But they are the rules that can best allow multitudes of people to live in peace, or the rules that allow people to live not surrounded by multitudes.
 
America has learned to live in peace within its borders.  If it follows the lesson of history's failed civilizations, it will un-learn it.   And the lesson is one of  no common ground between the ultra-wealthy shieks and the sand-poor nomads, between plantation owners and slaves, and between CEOs and the minimum-wage employee.  In America, all citizens are guaranteed dignity in the eyes of a Supreme power.
 
That common ground between the rich and the poor has sustained us.  If we abandon it, there are lessons in history of failed civilizations that peaked and declined when they did the same.
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Ruff Justice

Here's the financial crisis in a nutshell:
 
Before 2000, there were credit qualifications, regulations and standards for who could borrow money for a home mortgage. Mortgage lenders would lend money with a home for collateral.
 
But why should lenders settle for chump change when relaxed mortgage requirements meant they could make more money lending to almost anyone and selling the paper guaranteed by FNMA or repackaged for investors.?  So your home mortgage is now lumped in with hundreds of others and sold to investors to profit off of the interest rate charged on the loan.
 
And to guarantee a steady supply of these investment products, mortgage credit standards were lowered so that even my dog could get a morgage on a $500,000 home.
 
Well, my dog, as it turns out, was not a sound credit risk and walked away from the loan.  Therefore the mortgage security takes a hit because the interest will never be paid plus the collateral is worth less because packs of dogs all over the U.S. have been buying houses at inflated prices they could not afford.
 
And as Wall Street is telling us, vacant houses owned previously by dogs are not much of an asset on a bank or insurance company's balance sheet.  So FNMA and AIG (and Lehman and Merrill) are all in the doghouse.
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Blood from a Turnip

AIG is likely to get a private, commercial bank loan---they have discovered how to get blood out of a turnip.
 
But seriously.  In a final act of hubris, collapsing companies want to only borrow money to bail themselves out at terms favorable to them.  How many times have you gone into a bank (needing money) and told them how much collateral you were gonna put up and at what rate you were going to pay, regardless of your credit risk?  Well, once, if you were Bear Stearns.
 
But that oasis won't quench the thirst of even one company what to speak of the line of parched CEOs lining up for a drink at the Fed.
 
Get real.  In the 80s Chrysler had to pay for their bailout with warrants that eventually allowed the government to participate financially in the company's recovery.  This current crop of hedge fund managers and CEOs still want to take the easy way out---have someone else pay for their mistakes and, when/if things improve, pay even more for a bigger CEO yacht.  This is a classic mis-use of leverage---leverage should have been applied to a crowbar to pry these fat-asses from their cushy chairs years ago. 
 
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That's Just Great

Just what the McCain campaign needs after two weeks of euphoria----19,000 laid-off ex-Lehman Brothers employees are thinking of turning Democrat.
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Why Sarah Palin Scares Democrats

Palin doesn't scare people as much as the tactic of telling falsehoods that don't stand up to verification does.  It is very scary that a political party in the United States would deliberately repeat untruths, and then defend them over and over. (a psychological tactic used by successful propagandists throughtout history)

This low-road politics is nothing new, it is as old as politics themselves.  But faced with this same "evil", no other civilization in history has survived---once they denied the truth they were finished---all political parties. 

Once government starting selling  programs to citizens they became salespeople, not public servants.

So it is not Palin that scares people, it is that Palin is but a point of many poison arrows aimed at all citizens, not just her enemies.

McCain is an honorable man and having to "sell his soul" to a dishonorable political campaign is not good for his health.  He truly believes "death is worse than dishonor" and stress like this will take its toll.

That is the collateral damage of a campaign against the truth---it injures the honorable of both parties indescriminately on its way to destroying all of society.

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Private to all Townhall Bloggers

Bloggers:  look in your control panel you will see the following instructions: 
 
You can tag this post for easy reference. Seperate tags by commas. (Example: politics, election, president)
 
I don't know about you, but shouldn't it be "SEPERATE TAGS BY COMAS?"  LOL
 
Don't move, I have a GUB!  If you don't get this, watch "Take the Money and Run"  Also, notice the scene where  prisoners are running through the fields and hear that it is the same music as "Austin Powers." 
 
And when you are finished that, write to Townhall and tell them the word is spelled "separate"---they are using the same spelling I wrote when I missed it on the "State Spelling Test" in 4th grade that cost me an award.  LOL.
 
Coming up tomorrow:  vegatables---the word I missed in the 6th grade.
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9/12

So it's 9/12.  The day after 9/11, unofficially now the day that conservatives tried to make into Pearl Harbor Day 2 by labeling liberals as "the enemy."  Also,  9/11 is the day glurgers beat their chests and bemoan how everyone but they have "forgotten the lesson of 9/11."  Then, they proceed to give us history lessons all over the spectrum.
 
And I guess the quality of those history lessons is a good argument for charter schools.  I'd even vote for charter schools if it would guarantee I wouldn't get another history lesson from those who deserve an "F" in objectivity and humility.
 
You can't sell history like it's a product by jazzing it up to make it more appealing.  Those new-found history professors should go back to the used car lot---they aren't even "new car salesman" material.  And that's from someone who spent time selling cars and "walking the walk."
 
One thing the Rant du jour will give you is "walking the walk" ---I walk the walk before opening my mouth.  Then, "talking the talk" ad nauseam
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"Stupid" votes count just as much as "Smart" votes

Subject: Stupid as a Constituency
Stupid as a word is fast becoming the favorite target of the politically-correct speech enforcers. the "Palin Truth Squad" needs to officially ban the word, then I will stop using it.

Until then, at the core of my being, I believe American politics are determined by how skillful politicans are at getting votes from voters who know less about what they are voting about than the other, more-informed side.

Sham democracies all over the world operate on this principle and the major political parties, both Democrat and Republican, that have seized on this tactic are un-patriotic.

Election-winners voted into office are done so because, ultimately, it benefits the party the most. (just like the Communist Party) What "the country" needs the most is secondary, and often of no concern.

If we continue to elect presidents to serve their political party first and the needs of the country second, America will continue its descent all the way to 2nd class.

But sadly, because of this idiotic trend for 40 years, 2nd class is a great improvement for the very class of people whose ill-informed votes made such a system happen.

Stupid? Maybe. Sold a pig (can I say "pig"?)in a poke? Definitely, as long as you know it is an expression and they were not literally sold a real pig in a poke, whatever a "poke" is. LOL
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Heck of a Job, Palin

Subject: Essential to Propaganda
One thing essential to dictatorial propaganda is to demonize the non-government portion of society as having no credibility by shutting down the "free press."

McCain has honor as a POW, but even as a POW he was not a general. If he were, he would not have let the Republican propaganda machine run his campaign and ruin his reputation.

He trusted Republicans to elect him and they have chosen to do so by the most truth-lacking propaganda campaign in 13 presidential elections I've seen. By far, the smears and focus on using falsehoods is the worst conduct in a political campaign I've ever seen.

But the Republican leadership tells McCain "the ends justify the means"---anything to get elected. But when that "anything" is playing loose with the facts and doing superficial checks on VP candidates, it detracts from his already slim chance to get elected in the first place---caused by public frustration with the failed political policies of the president and party in the White House.

I'm sure the honorable John McCain is asking himself "Palin? What, ex-FEMA head Michael Brown wasn't available?"
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Deja vu All Over Again

So now we have government all over hurricane evacuations, and storm protection has gotten bigger and more costly.  Instead of evacuating me, just give me the evacuation money and I'll build my house hurricane and flood-proof.

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