The Weekly Rewind

Greetings loyal readers. Unless you are living under a rock, you know that we are coming up on two more important primaries this Tuesday. So instead of beating you over the head with anything primary related, lets take a look at some of the other news items you may have missed. Here is a little piece we like to call The Weekly Rewind.

Heckle: to stirring up the rhetoric to justify another ‘war’. U.S. and Iraqi security forces in Baghdad “have been targeted with 251 improvised bombs this month — nearly double the monthly average — as fighting in and around Sadr City intensified.” U.S. Army Brig. Gen. Mike Milano said that “some of the attacks involved deadly armor-piercing bombs that the U.S. military has linked to Iran.” Here is an idea, stick to the facts and the truth. If Iran is involved, obtain solid prrof and then we can deal with it. Otherwise stop twisting our troop casualties to fit your warped views.

Heckle: to running unrestrained. With Americans facing record levels of credit card debt, financial institutions have sharply raised rates for credit card customers — even those who pay on time — as they grapple with losses from other bad consumer loans. Banks are also imposing higher fees for late payments and ATM withdrawals to boost profits. Leave it to the financial sector to once again find ways to screw the American public for their own greed. The economy is in bad shape and the faster everyone acknowledges that and pays heed, the better off we will be when the inevitable happens.

Heckle: to another area of the financial sector screwing us. As the Federal Reserve completes work on rules to root out abuses by mortgage lenders, the mortgage industry has begun an intensive campaign to fight back. The industry’s criticism has already prompted the Fed to consider narrowing the scope of the plan so it applies to fewer loans. Once again, the administration shows it’s contempt for the average American, in favor of big business. Does anyone truly think that a McCain administration would be any different?

Heckle: to your own words biting you in the ass. Three years before Sen. John McCain (R-AZ) was arguing for a 100 year presence in Iraq, he told MSNBC, “I would hope that we could bring them all home.” “I think one of our big problems has been the fact that many Iraqis resent American military presence,” McCain said. “[A]s soon as we can reduce our visibility as much as possible, the better I think it is going to be.” Excuse me Senator, would you like a swimsuit to go with those flip-flops?

Heckle: to the continuing erosion of the American dream. “Home foreclosure filings jumped 23 percent in the first quarter…and more than doubled from a year a earlier,” according to new RealtyTrac data. “One of every 194 households received a notice of default, auction sale or bank repossession between January and March, for the seventh straight quarter of rising foreclosure activity.” But remember, we are only in an economic slowdown….

Applaud: to another reason we respect him. In remarks made in Kansas City, former Secretary of State Colin Powell said that “the military was being stretched and a lot was being asked of the all-volunteer force at a time when the entire country isn’t committed to war,” the AP reports. “I think it would be hard to respond to another crisis if it was like these two,” Powell said. Thank you Mr. Secretary for saying what more people with influence need to say.

Applaud: to putting the info out for all to see. A report by the Special Inspector General for Iraq predicts that “Iraq’s oil revenue will top a record $70 billion this year, adding fuel to a congressional push to force the Iraqi government to assume more responsibility for rebuilding the country.” “The cost of a barrel of Iraqi oil has increased by 250% since 2003.” You know I wish I would have thought of this before….oh wait a minute I did. Let’s stop footing the bill and keep some of our tax dollars back here in this country where they are needed.

Applaud: to taking some of the wind out of the sails of a litigious society. The Supreme Court’s recent rulings upholding Indiana’s voter ID law and Kentucky’s use of lethal injections exemplify a shift in the court’s approach to deciding constitutional questions. By rejecting broad legal challenges, the court is sending the message that legal advocates need to “produce evidence that a law has actually violated someone’s rights” rather than asserting that rights could be violated. Maybe now we can stop making laws to ‘protect the stupid’ just because they ‘might’ do something dumb….stupid should hurt.

Heckle: to a possible employment related ‘ponzi’ scheme. According to the Bureau of Labor Statistics, “Federal, state and local governments are hiring new workers at the fastest pace in six years, helping offset job losses in the private sector,” adding “76,800 jobs in the first three months of 2008.” By contrast, “private companies collectively shed 286,000 workers in the first three months of 2008″ leading “many economists to declare the country is in a recession.” Do we really need that many more people on the government payrolls? Hmmmm, could it be that the administration is actively working to ‘artificially’ lower the unemployment rate? Something to think about..

Heckle: to saying what you mean and meaning what you say. Though he’s promised to not raise taxes, Sen. John McCain’s (R-AZ) campaign acknowledged yesterday “that the health plan he outlined this week would” effectively increase tax payments for some workers, primarily those with high incomes and expensive health plans.” The campaign will not yet say “how many taxpayers might see their taxes go up.” I am sure they are hoping this will go away quietly.

Heckle: to a steaming pile. This week marked the fifth anniversary of President Bush’s infamous “Mission Accomplished” moment aboard the U.S.S. Abraham Lincoln. Editor and Publisher takes a look at the back at the media coverage on May 1, 2003, when reporters rushed to report that the Bush administration was “planning to withdraw most United States combat forces from Iraq over the next several months.” And now that the American people are asking why we are still there fighting after 5 years the WH is trying to say that the banner was only meant for the troops on the ship…..Bull**it….sorry I had to cough.

Heckle: to another indicator of a faltering economy. Auto loan delinquency in the United States “hit a 17-year high in the fourth quarter of 2007, according to the American Bankers Association. Some 3.13 percent of car loans were “overdue 30 days or more.” Edmunds.com, which provides automotive information, estimates that nearly a fourth of borrowers are ‘upside down‘ in their car loans, meaning the car is worth less than the loan balance. Sounds very similar to…..anyone…..yes that’s right, the real estate market. Watch, the next story will be about the large increase in the number of automobile repossessions. Which also sounds very similar to …..anyone….yes, that’s right the real estate market. But remember, we are only in an economic slowdown…

And Finally, at his final White House correspondents’ dinner on Saturday, President Bush poked fun at his potential successors. Explaining why none had attended the dinner, the ‘President’ said Sen. John McCain (R-AZ) “probably wanted to distance himself from me,” adding that “Hillary Clinton couldn’t get in because of sniper fire and Senator Obama’s at church.” Sorry, I think they all wanted to distance themselves from you. Kind of like Southern Methodist University does by voting to prevent your future Presidential Library from being built on their campus. Wow, when the Methodists don’t want to have anything to do with you….

That’s it folks.

Be good, stay informed….later.