A man that owns a brewery also likes to bet on the horses. He likes to pick his horses but will listen to his bookie once in awhile. His bookie pressured him to bet some on long shots or he wouldn’t take any more of his bets. Sometimes he does ok but other times he loses big time. During one such period of loss, his bookie came to him offering to loan him some money to over his bad bets.
The brew master knew that it wasn’t wide to take loans from bookies. If you failed to pay off on time, they broke your legs. When he informed his bookie that he would borrow the money from his uncle to pay off the bets, the bookie said that he better borrow enough to pay for any damages that might occur at the brewery. The bookie then broke the windows out of the front of the building.
Realizing that the bookie had him by the short hairs, the brew master borrowed the money from the bookie. He stopped betting the horses and soon his cash flow turned around. He thought to himself, now I can pay the bookie off and get him out of my hair. The bookie had other ideas. He told the brew master he had better keep the money, as you never know when you might need it for unexpected damages. Remember the broken windows?
The bookie said that the loan made him a partner in the brewery. Much to the brew master’s dismay there wasn’t anything that he could do. A few weeks later, the bookie returned to say that with the interest now due, he was majority shareholder of the brewery. Don’t worry, the brew master was told, he still had a job, for now anyway.
What the brew master didn’t know was that the bookie had cut the same arrangement with all of the other large breweries. Now the bookie controlled of how much beer was brewed, what style of beer was going to be brewed and who was going to be able to buy it and at what inflated price. Any tavern that didn’t go along with the bookie’s game plan would soon find himself high and dry.
This may be a fairy tale but it sounds an awful lot like what is happening with the national banks. First it was a bail out loan with little or no strings attached. When banks said that they didn’t need the money they were forced to take it. When they tried to pay it back they were discouraged. Little to on strings went to owning stock with no voting rights to becoming heavy hitters in the corporation with voting rights.
Now banks that were previously OK are in trouble because they have been given a "stress test". The test requires them to add billions dollars to their assets. They were given thirty days. Where do you think that they are going to be getting those billion of dollars in thirty days? That’s right, from the bookie, I mean the government. Once they take the money the stock grab will start again and the power to make loans will be in the hands of Washington bureaucrats.
Friday, May 8, 2009
Wednesday, May 6, 2009
Hawaii Lawmakers Pass Bill to Create 'Islam Day'
Isn't this an issue of seperation of church and state? Or does that only apply to Christianity. Do we have a Christian day...a Catholic day...a Jewish day? We all have our religious holidays...but the islamists do to.
Maybe I'm ignorant in these subjects, but it sure seems likes tolerance, once again, only goes one way.
http://www.foxnews.com/politics/2009/05/06/hawaii-lawmakers-pass-create-islam-day/
Maybe I'm ignorant in these subjects, but it sure seems likes tolerance, once again, only goes one way.
http://www.foxnews.com/politics/2009/05/06/hawaii-lawmakers-pass-create-islam-day/
Repeating History
It appears the Obama administration it to government power grab what the sooners were to the Oklahoma land grant. Is there no stopping them?
Can someone in your office explain to me how the UAW owned 10% of the outstanding bonds received 55% Chrysler’s stock?
President Obama makes Bill Clinton’s missing FBI files and Richard Nixon’s enemies’ list look like pre-school playground antics. Never has so few demonized so many in such a short time. You have to go back to Nazi Germany during the 1930s, the Bolshevik revolution in Russia during 1917, or the French Revolution of 1789.
In all three of the examples, those in power trampled on the rights of the individual. Not only were there a great loss of freedom, the loss of life by innocent people was in the tens and hundreds of thousands.
Each of these governments wanted to rebuild the nation into the image that they believed that it should be. The saying is if you forget history, you are bound to repeat it. Are we on that path now?
Can someone in your office explain to me how the UAW owned 10% of the outstanding bonds received 55% Chrysler’s stock?
President Obama makes Bill Clinton’s missing FBI files and Richard Nixon’s enemies’ list look like pre-school playground antics. Never has so few demonized so many in such a short time. You have to go back to Nazi Germany during the 1930s, the Bolshevik revolution in Russia during 1917, or the French Revolution of 1789.
In all three of the examples, those in power trampled on the rights of the individual. Not only were there a great loss of freedom, the loss of life by innocent people was in the tens and hundreds of thousands.
Each of these governments wanted to rebuild the nation into the image that they believed that it should be. The saying is if you forget history, you are bound to repeat it. Are we on that path now?
Tuesday, May 5, 2009
Abdul's pain pill addiction.
Interesting to me to see how this story reads like a tragedy. 2 crashes and 15 surgies later, she's in so much pain that she got addicted to pain killers.
How many of these people commenting on this story were tearing into Rush Limbaugh for his pain pill adiction? Pook????
http://www.nypost.com/seven/05052009/tv/pain_pill_paula_167637.htm
How many of these people commenting on this story were tearing into Rush Limbaugh for his pain pill adiction? Pook????
http://www.nypost.com/seven/05052009/tv/pain_pill_paula_167637.htm
EPA details renewable fuel strategy, reaching 36 billion gallons by 2012
Washington, D.C. - The U.S. Environmental Protection Agency (EPA) added some details to its strategy for increasing the supply of renewable fuels, mandated by the Energy Independence and Security Act of 2007.
The EPA said that the supply of renewable fuels is planned to reach 36 billion gallons by 2022 and is expected to reduce the country’s dependence of foreign oil by more than 297 million barrels a year. By 2022, the strategy is also expected to reduce greenhouse gas emissions by an average of 160 million tons a year.
According to the proposal released today, the annual renewable fuel supply of 2002 would include 16 billion gallons of cellulosic biofuels, 15 billion gallons of conventional biofuels, and 4 billion gallons of advanced biofuels 1 billion gallons of biomass-based diesel.
“As we work towards energy independence, using more homegrown biofuels reduces our vulnerability to oil price spikes that everyone feels at the pump,” EPA Administrator Lisa P. Jackson said. “Energy independence also puts billions of dollars back into our economy, creates green jobs, and protects the planet from climate change in the bargain.”
To achieve the volume requirements, the EPA said it will calculate a percentage-based standard that refiners, importers and blenders of gasoline and diesel must ensure is used in transportation fuel. For the first time, some renewable fuels must achieve greenhouse gas emission reductions compared to the gasoline and diesel fuels they displace. Refiners must meet the requirements to receive credit toward meeting the new standards, the EPA said.
The proposed thresholds for new categories include 20% less greenhouse gas emissions for renewable fuels produced from new facilities, 50% less for biomass-based diesel and advanced biofuels, and 60% less for cellulosic biofuels, the EPA said.
The EPA said that the supply of renewable fuels is planned to reach 36 billion gallons by 2022 and is expected to reduce the country’s dependence of foreign oil by more than 297 million barrels a year. By 2022, the strategy is also expected to reduce greenhouse gas emissions by an average of 160 million tons a year.
According to the proposal released today, the annual renewable fuel supply of 2002 would include 16 billion gallons of cellulosic biofuels, 15 billion gallons of conventional biofuels, and 4 billion gallons of advanced biofuels 1 billion gallons of biomass-based diesel.
“As we work towards energy independence, using more homegrown biofuels reduces our vulnerability to oil price spikes that everyone feels at the pump,” EPA Administrator Lisa P. Jackson said. “Energy independence also puts billions of dollars back into our economy, creates green jobs, and protects the planet from climate change in the bargain.”
To achieve the volume requirements, the EPA said it will calculate a percentage-based standard that refiners, importers and blenders of gasoline and diesel must ensure is used in transportation fuel. For the first time, some renewable fuels must achieve greenhouse gas emission reductions compared to the gasoline and diesel fuels they displace. Refiners must meet the requirements to receive credit toward meeting the new standards, the EPA said.
The proposed thresholds for new categories include 20% less greenhouse gas emissions for renewable fuels produced from new facilities, 50% less for biomass-based diesel and advanced biofuels, and 60% less for cellulosic biofuels, the EPA said.
Using phony ID is not ID theft?
The Supreme Court ruled Monday that an illegal alien could not be charged with identity theft because he did not know the numbers were stolen. Apparently if the numbers are made up it is not theft.
So if I steal a car but don't know who's car it is I can't be charged with theft? I don't understand this ruling and would love to see the explanation.
So if I steal a car but don't know who's car it is I can't be charged with theft? I don't understand this ruling and would love to see the explanation.
Sunday, May 3, 2009
Obama Swagga
The hypocrisy of the press never fails to amaze me. Bush was called "cocky" and had a "cowboy mentality". When he donned the flight suit he was torn apart for being arrogant and using the military as a campaign prop. At one press conference he was asked about his swagger and did that put off some people. He responded that in Texas they call that walking.
Now TJ Holmes of CNN in talking to a panel of African Americans mentions Obama's swagga. Later the piece is rerun and CNN anchor Kyra Phillips gushes about his swagga and how you have to be a black guy to be able to pull it off. So Bush swagger is bad but Obama swagga is good.
Bush fumbles over words and is an idiot and Obama fumbles with a teleprompter and he's a genius. Bush needed Chaney for gravitas but Obama's picking of Biden was excellent. Bush's press conferences were wars and Obama's is a love fest. He gets the question "What has most enchanted you in your first 100 days".
The media wonders why they are now trusted less than used car salesmen.
Now TJ Holmes of CNN in talking to a panel of African Americans mentions Obama's swagga. Later the piece is rerun and CNN anchor Kyra Phillips gushes about his swagga and how you have to be a black guy to be able to pull it off. So Bush swagger is bad but Obama swagga is good.
Bush fumbles over words and is an idiot and Obama fumbles with a teleprompter and he's a genius. Bush needed Chaney for gravitas but Obama's picking of Biden was excellent. Bush's press conferences were wars and Obama's is a love fest. He gets the question "What has most enchanted you in your first 100 days".
The media wonders why they are now trusted less than used car salesmen.
Michelle Obama's $540 shoes
During the campaignMcCain was blasted for not knowing how many houses he had. Bush #1 was taken to task because he didn't go to the grocery store and know how much a loaf of bread cost.
So as everyone is told our spending is out of control the Obama's throw cocktail parties each week, fly to California to be on TV, fly to Iowa to promote conservation and spend $540 on ugly shoes. Typical liberals, "Do as I say not as I do."
So as everyone is told our spending is out of control the Obama's throw cocktail parties each week, fly to California to be on TV, fly to Iowa to promote conservation and spend $540 on ugly shoes. Typical liberals, "Do as I say not as I do."
National Council for a New America (NCNA)
The launch of the National Council for a New America (NCNA) hosted by Congressman Cantor and Senator John McCain started this week. It is meant to be a "conversation" with America and talking about the direction of the new GOP. With McCain playing a large part in this movement how much of a new direction can it be?
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