Update: 134 Republicans take to the House Floor ‘Where are the jobs?”

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July 21, 2009. Tags: , , , , , , , , , , . Politics. Leave a comment.

Tea Party Patriots: Health Care Action Alert…

tePARTYnational

2.  Tuesday: Call the House Energy and Commerce Committee members.  Tell them not to pass the government run health care bill out of committee.  Our sources tell us that all the Republicans will be voting against the legislation already so you may choose to focus on the Democrats.  Record your answers and the number of calls you made.

3.  Wednesday: Call the Blue Dog DemocratsRecord your answers and the number of calls you made.

4.  Wednesday: Watch the Pajamas Media Health Care Town Hall.

5.  Thursday: Call the Senate Finance Committee tell them our economy cannot afford another massive government spending bill.  (This link may not be active now abut it will be active before Thursday.) Record your answers and the number of calls you made.

6.  Friday: Call your Senators and your Representative; tell them as a constituent you are asking them to vote NO on government take over of Health Care. Record your answers and the number of calls you made.

7.  Friday:  Call the Blue Dog Democrats AGAINRecord your answers and the number of calls you made.

Want to Go the Extra Mile?

Forward this email to at least 5 people you know and ask them to make the same calls.

Better yet, forward it 10 – 20 people you know and ask them to make the same calls.

July 21, 2009. Tags: , . Economy, Finance, Healthcare, Obama Administration, Politics. Leave a comment.

Leaving Las Vegas…

WSJ:

…Las Vegas’s rise and fall has been more dramatic than most. Last year, Clark County’s population declined for the first time in more than two decades. More than 10,000 people left Las Vegas between July 2007 and July 2008, according to Keith Schwer, director for the Center for Business and Economic Research at the University of Nevada Las Vegas. The unemployment rate in the metropolitan area tripled from 4% in May 2007 to just over 12.3% in June 2009, higher than the national rate of 9.5%. And after the median price of existing homes rose by 122% in sales between 2000 and 2006 — more than double the national rise of 49% — sale prices fell by 30% between last year and this year.

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July 21, 2009. Tags: , , , . Economy, Entertainment, Finance, gaming, Politics. 1 comment.

Twofer Tuesday for TOTUS: Foreigner….

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July 21, 2009. Tags: , . Music, Politics. Leave a comment.

Market Mover Tuesday: Ben on the Hill…

Today’s theme seems to be Walk Like a Man…Ben is, Sheila Bair at FDIC told CIT just that, walk like a man baby without Uncle Sam baby..here’s hoping California and CALPERS do the same…

Ben giving his Humphrey Hawkins before the House Financial Services Cmte…

Live Feed from CNBC here

Ben’s WSJ Op Ed here. It outlines the Exit Strategy we have all been looking for. TOTUS may want to stick Summers in there but Ben isn’t going down quietly :) Ben has his ducks in a row. …

On Ron Paul’s audit bill, Ben said the following, and frankly I agree:

…he warned that pending legislation to subject the Fed to greater oversight by the Government Accountability Office could jeopardize the central bank’s independence if it extends to monetary policy.

“A perceived loss of monetary policy independence could raise fears about future inflation, leading to higher long-term interest rates and reduced economic and financial stability,” he said….

Cali has apparently reached a budget deal, some folks say it puts off the pain, but details are not forthcoming yet…

California Governor Arnold Schwarzenegger and top lawmakers said on Monday evening they had reached an agreement to close a $26.3 billion deficit to balance the state’s budget, ending weeks of lengthy and often tense negotiations….

…Schwarzenegger, a Republican, said during a news conference in front of his office that the budget would introduce no tax increases and would include $15 billion in spending cuts….Democratic leaders acknowledged the budget agreement contained painful spending cuts in popular programs, the result of mounting financial woes for California’s government since 2007.

…Fitch Ratings on July 6 cut its rating on California’s long-term general obligation bonds to BBB, or two notches above “junk” status, and kept the debt on watch for additional downgrades.

CIT has an offering ready to recapitalize itself sans Uncle Sam:

…In a regulatory filing, CIT said the cash tender offer for its outstanding floating-rate senior notes due Aug. 17 was the first step in its recapitalization plan.

The lender said it could file for bankruptcy if the offer does not succeed. The offer, disclosed on Monday, is $825 for each $1,000 principal amount of notes tendered on or before July 31….

Sadly looks like the PBGC may be bailing out pensions now, are union pensions exempt? I hope so!! Get a load of this breaking WSJ headline:

Calpers reports a decline of 23% for fiscal 2009; assets decline $56 billion to $181 billion.

Don’t come cryin to me California Pension Holders, my 401k is awash in red ink, taxpayers have no money to give you…take the losses like we do…walk it off ….

Wanderers- Frankie Valley montage courtesy of eluparf

July 21, 2009. Tags: , , , , , , , , . FDIC, Film, Finance, Music, Obama Administration, Politics, Wall St. Leave a comment.

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