faithhopelove's Blog

As we all know, President Obama is a bi-racial and that President Obama admitted that he is a "mutt". This  implied that he is not a racist or one-sided. As a matter of fact, majority of his advisers are not blacks, so far.

If you look the real story of Pres. Obama, he admitted that he and his mother was abandoned by his father when he was a boy and his mother and his relatives in Hawaii,who are all whites, had endured to raise and suppport  him and gave him a decent education and preserved the special intelligence that he has.

It is true that his color is black and some of his relatives are black but this does not mean that he will concentrate for the advantage and benefits of all the blacks only. I believe that this is not going to happen. 

Everybody is free. It is important to note that KKK is not recognized as legal organization and should not be given an emphasis that they are in power in this country and the Black men are always victims of poverty and oppression.

This is not the time to punish those white people  but the time to amend our life.

President Obama gave us a pre-condition that it takes 10 years for him to fulfill his promises. This implies that we should give him another term in the next election and 2 years to extend his administration in order to fulfill the 'change' which he promised. We can give him another term but the 2 years remaining will be a question. Perhaps, he will impose martial law to stay in power after his 2 terms. 

Now that Barack Obama was chosen to be the president, it is time for us to settle our differences. To pro-Mccain, it is time for us to adjust ourselves in dealing with our new president in a positive way. As Sen. Mccain did, let us waive and forget the negative things we hurled to Sen. Obama during the campaign and give Sen. Obama the full support as our new leader. Let us join our hands once again and watch Sen. Obama implements his promises in making our life good and better and in making this country great again. 

I hope and pray that after the inauguration of Sen. Obama as president of the United States of America, the positive change that majority of us need will begin.

May God bless us, all.

Before, the Clintonians and the Obanians were camapaigning against each other. Now, they are in good terms. What the heck is going on here? Does Bill believe that the policies of Obama are better than the policies of Hillary? or Bill let Obama used his good reputation as president so that Obama can lure the voters especially the supporters of Hillary to vote for him? or Hillary analyzed that Obama's policies are better than hers?

When Hillary was campaigning against Obama, I thought she got better ideas and ideologies than Obama. But when she lost, she waived all of these and favored Obama. This implies that the Clintonians are unable to withstand on what they believe in.

I hope, if Obama became the president, he will not blame the past administration (Bush's administration) if he failed to implement what he promised to the people during his presidential campaign.

I think, Sen. John Mccain will be our next president because there is an adage that "the first will be the last and the last will be the first."

President John F. Kennedy said, "Ask not what your country can do for you, ask what you can do for your country." Which do you think? Spreading around our wealth is what we can do for our country or creating jobs and give opportunities and help  those who wants to realize their american dreams.

I am sure that aliens who come here in the US to work illegally contradict the message of Pres. Kennedy because they come here to receive and accumulate salaries, which majority of them are tax free, to support themselves only  and do not give so much  atttention for the US economic meltdown which puts our country on the verge of ruin because they are not citizens of the United States and they have no oath to protect and defend our country.

It  is not also look good, if we spread around our wealth and give these to those citizens who have the capabilities to work but are lazy to put their capabilities into action for the sake of our country and only depend on what they receive from these wealth. To me, this is a kind of selfishness and also contradicts what President Kennedy had said. It is like  parents who spoiled their healthy and strong child by too much attention.

I think, what we can do for our country is to make this country a well organized and a viable environment. Eliminating those agencies that are no longer effective and inapproriate to serve. Improvise those are important and necessary for our country and appropriate to our time. Clean the government by eradicating those corrupt and greedy  government officials. Train those teachers in school to be more effective in their teachings so that our students will have good education. Strenghen those small businesses so that they can create jobs for us and not to spread part of their wealth to those citizens who can work but are lazy and only depend on what they receive from the government. We have to cut lavish spending especially in this time of crisis. Conserve energy and fuel. Do not run your engine and turns on your air condition inside your car in the parking lot while waitintg your wife who are doing some shopping.  Be cooperative. We should be trained ourselves productively so that we can enjoy our life, our freedom and pay our debts and mortgages easily without hassle. 

We do not need to change the  foundation that our forefathers and great leaders had created but to strenghten it because it has a sense of democracy, fairness and responsibility.

What exactly Senator Obama wants to change? Does he want to change the policies prepared and composed by our great presidents  and visionaries like George Washington, Thomas Jefferson, Benjamin Franklin, Abraham Lincoln, Teddy Roosevelt, John F. Kennedy including Bill Clinton? Does Sen. Obama thinks that these policies prepared by them are no longer appropriate to our time?

One of the followers of Bin Laden who was detained in the US military prison said when he was interviewed in the documentary film, which I watched a long time ago, that one of their objectives is to occupy the White House and enforce the Muslim Laws which they believe appropriate to govern in the United States. I hope and God forbids that Senator Obama is not a channel of this, once he became the president, because I still believe the christian way of life.

Why not vote for Senator Mccain? We need a republican president, who is a maverick,  in order to have a 'check and balance' in Washington. Let the Republican dominates the White House and the Democrats dominate the Congress. If one political party dominates all, I think, it will push through a totalitarian system of government in favor to this one party. 

BY TERRY JONES

INVESTOR'S BUSINESS DAILY

Posted 9/24/2008

One of the most frequently asked questions about the subprime market meltdown and housing crisis is: How did the government get so deeply involved in the housing market?

The answer is: President Clinton wanted it that way.

Fannie Mae (FNM) and Freddie Mac, (FRE) even into the early 1990s, weren't the juggernauts they'd later be.

While President Carter in 1977 signed the Community Reinvestment Act, which pushed Fannie and Freddie to aggressively lend to minority communities, it was Clinton who supercharged the process. After entering office in 1993, he extensively rewrote Fannie's and Freddie's rules.

In so doing, he turned the two quasi-private, mortgage-funding firms into a semi-nationalized monopoly that dispensed cash to markets, made loans to large Democratic voting blocs and handed favors, jobs and money to political allies. This potent mix led inevitably to corruption and the Fannie-Freddie collapse.

Despite warnings of trouble at Fannie and Freddie, in 1994 Clinton unveiled his National Homeownership Strategy, which broadened the CRA in ways Congress never intended.

Addressing the National Association of Realtors that year, Clinton bluntly told the group that "more Americans should own their own homes." He meant it.

Clinton saw homeownership as a way to open the door for blacks and other minorities to enter the middle class.

Though well-intended, the problem was that Congress was about to change hands, from the Democrats to the Republicans. Rather than submit legislation that the GOP-led Congress was almost sure to reject, Clinton ordered Robert Rubin's Treasury Department to rewrite the rules in 1995.

The rewrite, as City Journal noted back in 2000, "made getting a satisfactory CRA rating harder." Banks were given strict new numerical quotas and measures for the level of "diversity" in their loan portfolios. Getting a good CRA rating was key for a bank that wanted to expand or merge with another.

Loans started being made on the basis of race, and often little else.

"Bank examiners would use federal home-loan data, broken down by neighborhood, income group and race, to rate banks on performance, " wrote Howard Husock, a scholar at the Manhattan Institute.

But those rules weren't enough.

Clinton got the Department of Housing and Urban Development to double-team the issue. That would later prove disastrous.

Clinton's HUD secretary, Andrew Cuomo, "made a series of decisions between 1997 and 2001 that gave birth to the country's current crisis," the liberal Village Voice noted. Among those decisions were changes that let Fannie and Freddie get into subprime loan markets in a big way.

Other rule changes gave Fannie and Freddie extraordinary leverage, allowing them to hold just 2.5% of capital to back their investments, vs. 10% for banks.

Since they could borrow at lower rates than banks due to implicit government guarantees for their debt, the government-sponsore d enterprises boomed.

With incentives in place, banks poured billions of dollars of loans into poor communities, often "no doc" and "no income" loans that required no money down and no verification of income.

By 2007, Fannie and Freddie owned or guaranteed nearly half of the $12 trillion U.S. mortgage market — a staggering exposure.

Worse still was the cronyism.

Fannie and Freddie became home to out-of-work politicians, mostly Clinton Democrats. An informal survey of their top officials shows a roughly 2-to-1 dominance of Democrats over Republicans.

Then there were the campaign donations. From 1989 to 2008, some 384 politicians got their tip jars filled by Fannie and Freddie.

Over that time, the two GSEs spent $200 million on lobbying and political activities. Their charitable foundations dropped millions more on think tanks and radical community groups.

Did it work? Well, if measured by the goal of putting more poor people into homes, the answer would have to be yes.

From 1995 to 2005, a Harvard study shows, minorities made up 49% of the 12.5 million new homeowners.

The problem is that many of those loans have now gone bad, and minority homeownership rates are shrinking fast.

Fannie and Freddie, with their massive loan portfolios stuffed with securitized mortgage-backed paper created from subprime loans, are a failed legacy of the Clinton era.

Story URL:

http://www.investor s.com/ editorial/IBDArticl es.asp? artsec=16&artnum=1&issue= 20080924

Suppose, the Saudi Arabia and other allied muslim countries will turn their back against us and support Bin Laden's organization, The Al queda, are we prepared for  this kind of worse scenario? Is there a contingency plan prepared by the US government in case they invade our US soil?

I got this message from a friend, Ramon.

Subject: RE: Let's bring gas prices down!


Hi All, Here are some tips from a family friend (Ramon Pilla) on how to get
the most of your gasoline money,( besides boycotting the 2 giant gasoline
suppliers). Unable to forward sooner, hope these help as well.
I did not know you guys are paying this much for gasoline, almost $4 per
gal. or four litter. Here in calif we are also paying higher to $ 3.50 per
gal.But my line of work is in petroleum pipeline for about 31 years now., so
here are some tricks to get more of your money's worth for every litter.  
Only buy or fill up your car or truck in the early morning when the ground
temperature is still cold. Remember that all service stations have their
storage tanks buried below ground. The colder the ground the more dense is
the gasoline, when it get warmer gasoline expand, so buying in the afternoon
or in the evening, what your 1-litter is not exactly 1-litter. In petroleum
business, the specific gravity and the temperature of the gasoline, diesel
and jet fuel, ethanol and other petroleum products play an important role.  
Here in KinderMorgan pipeline where I work in San Jose, CA we delivered
about 4 million gallons in 24-hours period thru the pipe line, one day it's
diesel the next day is jet fuel, and gasoline, regularand premium grade. We
have 34-storage tanks here with a total capacity of 16,800,000 gallons. So
you see a 1-degree rise in temps is a big deal for the business,But the
service stations do not have temperature compensation at the pump. Also one
more reminder, if there is a gasoline truck bringing loads at the time when
you have to buy gas do not fill up, most likely the gasoline been stirred up
when the gas is being delivered, you might get some of the dirt that settled
at the bottom. When you're filling up do not squeeze the trigger of the
nozzle to a fast mode, if you look up you will see that the trigger has
three (3) stages: lo, mid, and hi, with slow mode you should be pumping on
low speed thereby, minimizing the vapours that were created while you are
pumping, all hoses at the pump are sort of corrugated, that one is a return
line for vapour's recovery for the gas that already been metered. If you are
pumping on fast rates, the liquid that goes to your tank some become
vapours, those vapours were being sucked up back to the underground tank so
that you're getting less worth of your money.  One of the most important tip
is to  fill up when your gas tank is half full or half empty. The reason for
this is, the more gas you have in your tank the less air occupying it's
empty space, remember gasoline evaporate fast than you can think of. You see
all gasoline storage tank has an internal floating roof, this roof serves as
zero clearance between the gas and the atmosphere, it minimizes the
evaporation.  Unlike the service stations, here where I work every truck
loads that we loads are temperature compensated so that gallons or litter is
actually the exact amount.  Hope this will help you guys about your pain in
the pump cost. Ramon