September 27, 2008

Photobucket

Join me for the first of Dr. Pete's Saturday Morning Smackdown! This Morning at 11 Central!

Listen to The Great Dr. Pete on internet talk radio

September 26, 2008

Holy Flippin Crap Batman!


OK so I'm watching the debate & McCain is finally letting loose! He's even being sarcastic! If you haven't watched the debate you need to find a recording of it. It's frickin awesome!

~Dr. Pete

September 25, 2008

Bailout Bust

Key members of Congress claimed agreement Thursday on an outline and crucial details of an urgent multibillion-dollar plan to stave off national economic disaster, but a historic White House meeting with President Bush, the two men fighting to replace him and other congressional leaders broke up with conflicts in plain view.


well. that's a real Conservative way to fix the economy. GIVE PEOPLE FREE MONEY!!!

September 7, 2008

Government Control Of Failing Banks Inches The U.S. Closer To Becoming A Socialist State

Fannie Mae and Freddie Mac, along with a boat-load of foolish borrowers, failed to heed the warnings that the huge housing bubble Americans were experiencing through the nineties and early millennium would come to an end. The borrowers, fueled by the greedy hopes of selling their houses for a profit in a couple years, bought homes they could not afford with loans that were destined to increase in cost should they not unload the home in time. The banks failed to raise enough cash to reassure the investment community they would be able to survive a severe downturn in United States home prices.

Freddie Mac and Fannie Mae, in order to encourage more buying, and in an attempt to push their profit margin to the limits, relaxed their standards in order to buy more loans. Wall Street banks also lowered their standards in the hopes of cashing in as well. Greed and arrogance carried the wave for a short time, but like with anything, what goes up must go down.

A glimmer of hope popped its head up last Spring when builders began building the final build-outs of projects, and a number of them sold rapidly. Industry experts hoped that the industry would see these few sales as a move back in the right direction, and held their breath for a moment to see if a new bubble would begin to expand. However, cautious in this new housing environment, the builders remained happy to only work on the final houses of their last projects so that they could simply close their books on the projects by the year's end. No new projects emerged, as some had hoped, and the bubble deflated before it had a chance to grow.

Now, the banking industry is in a crisis. As usual, there are those faint little calls by some Americans screaming, "The government has to do something about it!" And so, as some would expect from a President with Globalist leanings, and a Congress with the hopes of America becoming a Socialist Nation, the government has announced that it will take over the two mortgage giants, Freddie Mac and Fannie Mae.

It is being called a monumental move designed to protect the mortgage market from the failure of the two companies. The intervention will cost taxpayers billions, and the news of this governmental takeover of the banks follows news that more than 4 million American homeowners with a mortgage, a record 9 percent, were either behind in their payments, or in the process of foreclosure.

The two mortgage giants lost $3.1 billion from April to June, half of that coming from risky loans with ballooning monthly rises. While the companies claim to have enough resources to withstand the losses, the belief is that at the current rate of loss their financial cushions are not enough, and the companies will eventually find themselves in a position of not being able to fund their operations.

The result of this "rescue package" is the exposure of taxpayers to billions of dollars of potential losses, a wipe-out of common stockholders, and it could end up being costly to scores of investment, banking, and insurance companies.

Fannie Mae was created in 1938 in an attempt to increase home ownership across the United States, and to enable Congressional Oversight into the industry. The sale of the idea to the American Public was that everyone had a "right" to home ownership, and the government was going to make sure it happened.

Thanks to Franklin Delano Roosevelt's Socialist Programs of the New Deal, the notion that it was an American's "right" to own a home by means of government subsidies was so firmly entrenched in the American mindset, Fannie Mae not only grew, but in 1968, as a part of Lyndon Johnson's societal engineering agenda, Fannie was converted into a private corporation and the ability to guarantee government-issued mortgages was switched from Fannie Mae to the federal government's newest creation, Ginnie Mae (Government National Mortgage Association). This meant that Fannie would begin to operate with private capital on a self-sustaining basis.

In 1970, Fannie Mae was authorized to buy conventional mortgages, and by the 1980s it began to purchase second mortgages and adjustable-rate mortgages. In the 80's it also commenced its mortgage-backed securities scheme.

Between Fannie Mae and Freddie Mac (another GSE), the largest source of cash for home buying in the United States was in existence, and they accounted for almost 50% of all mortgage bonds sold through April of 2007. Since the beginning of 2006, however, over fifty mortgage companies discontinued operations, claimed bankruptcy, or sought a buyer. Fannie Mae, however, continued to flourish until recent months. Since the end of March 2007, Fannie Mae's stock price increased by almost 20% whereas the S&P 500 Index had risen only 8.1% by July of that year.

Fannie Mae was a New Deal innovation, created by and for the federal government. This gives it different abilities and freedoms than your usual corporations, which are generally chartered by the states. The sole purpose of this federally chartered, quasi-private entity was to directly intervene in the housing market while avoiding a more conspicuous regulatory apparatus governed by rules. This allowed the government to advance and steer the government's progressive entitlement programs put in place by the New Deal without anyone ever really taking notice. Meanwhile, Fannie Mae expanded into mortgage insurance, sub-prime mortgages, and non-mortgage investments, exposing taxpayers to a massive risk of default or bankruptcy.

The Founding Fathers wrote the U.S. Constitution to limit the powers of the Federal Government, and they were specifically suspicious of judges and banks. The first step toward the centralization of banking through the Federal Reserve Act which was signed into law by Woodrow Wilson, a Democrat. The New Deal Programs by FDR, and the expansion of entitlement programs by Lyndon B. Johnson, were strictly against what the Founding Fathers intended, and these Democratic Party programs are now falling apart because of their unconstitutional characteristics.

As the government now takes another step towards centralizing control over banks, and further expanding entitlement programs, the consequences for poor decisions by individuals are not being paid. Now, with this program to bailout mortgages and save the banks, the taxpayers that were not driven by greed and arrogance are being punished.

Government manipulation is the cause of the problems we see rising in the economy and banking system. And government manipulation, and control, is going to exacerbate the problem. As painful as it may seem, to straighten out this mess the banks need to collapse, the home owners who are currently in foreclosure need to lose their homes and move into more affordable accomodations like apartments, and we need to all buckle down, and get through this together, without government intervention.

If we don't bear the burdens of our mistakes as individuals, before the next dozen years are finished, we will be steamrolling in the direction of socialism, the "privilege" of home ownership will be gone, and it will take a revolution to turn us around to head back in the direction of liberty, and the American Way.

by Douglas V. Gibbs

September 1, 2008

Protesting Violence With Violence at the Republican National Convention, St. Paul, MN

The goal of anti-war protesters, most of the time, is to send the message that "violence begets violence." Some of them have no problem with some of the war effort against radicals that cause terror, and their only complaint is Iraq. However, a large portion of the anti-war left are against war of any form, even if used as a defensive measure. They are entitled to their opinions. They have the ability to protest as they do because of the blood shed by our military heroes.

The problem I have is that their argument is against war, against violence, but more often than not the protests by these people become violent, as they are becoming in St. Paul.

Isn't that just a bit hypocritical?

According to the Associated Press, "Thousands of protesters descended on the city hosting the Republican National Convention Monday, some smashing cars, puncturing tires and throwing bottles in confrontations with pepper-spray wielding police who arrested at least five people."

On Fox News there have also been reports of fires being started, and many of the groups causing general mayhem throughout parts of the city of St. Paul.

As a side note, organizers hoped for 50,000 protesters, but only about 8,000 showed up.

Remember, these are the people claiming they are protesting the violence of war.

If violence begets violence, then why are these protesters so violent?

by Douglas V. Gibbs

August 30, 2008

Exit - Stage Left: California's Proposed Departure Tax

From Political Pistachio:

Ronald Reagan knew that government was (and still is) the problem, not the solution, to the problem. He once said, "Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And, if it stops moving, subsidize it."

In California the economic and social environment has become so hostile to many, that a mass exodus has begun. People are leaving California in droves, as the illegal aliens gladly move in to set up their squatter villages.

The left has taken control of California, and the state has become a battleground in America's war over values. Californians have been pushed with their kindness, their willingness, their openness, their leniency toward aberrant behavior, government control, and out of control taxation. When is enough enough?

The Liberals in California act upon all of their urges in all situations, letting it all hang out, following their guiding principle: If it feels good, do it. Anyone who disagrees is labeled a bigot, and then is run out of town, or at least pressured to do so if they don't wish to participate in the antics of Hollywood and San Francisco, California's own Sodom and Gomorrah.

Those that have self-respect and want better for their families, neighbors, and the sake of the country, are leaving. Those of the Right have values that keep them from taking a drink, lighting up a joint, or hopping in the sack with anyone that wants them to. Conservatives, more often than not, are the kind of people that drop to their knees and pray for strength, rather than give in to the worldly debauchery.

And as these people of values do what they can to escape California, as well as owners of successful businesses who have found it more and more difficult to conduct business in California because of all of the regulations and fees and taxes, the Liberal Left is doing what it can to take what it can from them as they leave.

A ballot proposal is underway in California that would amend the State Constitution with a Wealth Tax. Specifically, this is an additional tax to be levied against high valued property, and high income (between 36.5% - 54.3% one-time tax) should a resident die, or decide to leave the State of California.

The writer of the proposal is a CPA and liberal activist by the name of Paul McCauley. In addition to taxing folks for trying to get out of California (or simply dying, for that matter), the proposal imposes an additional 17.5% tax on total incomes of taxpayers with income exceeding $150,000 (which, considering the cost of living here in California, that is not really that high of an income) if single, or $250,000 if married; imposes an additional 35% tax if income exceeds $350,000 for a single person or $500,000 for a married couple, and requires the State to acquire shares of specified corporations to influence environmental policies and practices.

No wonder right-minded people are trying to get out of this idiotic State.

Why would anyone want to live in California with the rules we have, especially if this proposal were to pass?

The Liberal Democrats are basically saying that the American dream is a bad thing, and they will make it impossible to achieve such. And, if by some remote chance you do reach that dream, and become highly successful and prosperous, the government is going to step in and make sure you pay for it heavily so that you will never really truly get there.

This proposal is California's way of saying, "Hey, welcome to success, cough it up before you enjoy it, please. How dare you succeed!"

Give me a break. A 55% wealth tax? Hollywood folks won't mind that too much because they have so much frickin' money they use it as kindling in the fireplace. As for the rest of us, under this rule, that is a lot of money to have to cough up - and if your business is barely operating in the black because of all of the regulations and fees already imposed, the soup line is right around the corner.

An exit/death tax? Are you kidding me? Since we want to get the heck out of Dodge, they are going to try to fence us in with this? And then if you couple this with the Federal Estate tax, in the end, no one can financially afford to die. So much for me being able to leave anything to my kids. Also, if Business "A" moves from San Francisco to New York the CEO has to cough up at least a 36.8 additional percent of both income and the unrealized appreciation he may have in asset that are valued in excess of $5 million. Remember, he is already paying 90% plus (With a producer's existing Federal Income taxes, existing State Income taxes, payroll taxes and the many other taxes imposed, high producers will be lucky to net much of anything on their earnings. A self-employed individual could have a marginal tax rate in excess of 90%. Could you live on 10% of what you make?). This part of the ballot proposal was added to prevent a mass exodus that is already happening. A lot of money is leaving California because of the unfriendly environment to business and success, and they are simply trying to stop the bleeding.

And keep in mind that the businesses being targeted by this, those horribly successful corporations that are somehow ruining America in eyes of the idiot Left, are the individuals that are producing growth and jobs. These targeted businesses that are now finding it hard to do business in California are the major driving forces behind the State economy. A tax like this removes all of the incentive to do any of these things, and is simply another reason to get out of California. In the end, these entities with either move to another state, or they will stop producing.

Why work extra hours to make a measly 10% of your earnings when you could spend it with your friends and family elsewhere?

The goal of this proposition is to gain revenue from the rich, give it to the poor, and keep anyone from leaving the State of California. Idiotic taxes like this ballot proposal actually do the opposite of what they desire. Instead of gaining revenue, they scare away more of the businesses that keeps this economy moving, which in the end takes away more jobs, and leaves more people in the poor-house. The left doesn't seem to understand that a profit driven economy needs profit to survive. The American Dream is all about that profit. Removing any and all rewards for producing and making more money will only do one thing - turn the high producers into takers, and make more people poor.

Democrats believe there is a class war going on, and wishes to eliminate the classes so that we can all be the same. At the rate they are going, they will be a rousing success soon, because the class war will soon come to an end because there won't be any rich left. In the end, there will no longer be any disparity between the classes because we will all be poor - except for those elitist politicians who will rule from the top with the absolute power of regulations, fees, and taxation.

~Douglas V. Gibbs~

August 27, 2008

Heading Right Convention - Transcript of my speech on America's Moral Compass

The Heading Right Convention aired tonight and I was one of the speakers on the floor. The convention aired in two parts. Visit The Heading Right Convention for the proper links. And while you are on that site, visit the voting area on the right side bar and vote for Political Pistachio and me, Douglas V. Gibbs. There is about two days of voting left for the Heading Right Awards. At last look I was 13 votes out of first place for best show, and a few more votes back for best host.

Now, the following is the transcript of my speech at the Heading Right Convention:


I am sitting here with a United States Navy hat upon my head, and a God Bless America shirt on my body. I served this nation with pride, and a patriotic love in my heart. I created Political Pistachio to spread the good news of Conservative values - To share with the world what America's moral compass is really all about.

While the Democratic Party is whipping up into a near-frenzy about dividing America in Denver with more hatred and anti-Bush rage, we are here on Blog Talk Radio at this Heading Right Convention celebrating the greatness of America.

The leftist Democrats constantly try to overcompensate their claimed beliefs in heartland American values, portraying themselves as a party of the people, proclaiming their humble origins, blue-collar beginnings, and religious convictions. Such hypocrisy.

Their positions continuously oppose American values, despite how much they try to convince us otherwise.

It is the conservatives that stand for the traditional family and the defense of marriage, less cultural pollution, educational choice, freedom of religion, fiscal restraint, pro-life, the right to bear arms, lower taxes, an end to junk lawsuits, and a general patriotic support of our fine men and women of the United States Military.

It is Conservatives fighting for a strong American Moral Compass while the liberal left is putting condoms on cucumbers, telling 8th graders that they're really gay and they need their own high school, shutting down the Boy Scouts because they support a straight and patriotic life, suing businesses on false pretenses, and jack hammering the Ten Commandments from all public displays while trying to remove God from the public square and our lives.

America's greatness is a direct result of America's strong moral compass. Our moral values as a people demands high standards of right and good conduct. The direction of societal behavior is in direct relation to our moral belief system. Our moral beliefs, in turn, directly affects our overall culture, and political system.

In the Old Testament it says that you reap what you sow. An old secular saying supports that, saying what comes around goes around. The United States has prospered for that very reason. Right is right and wrong is wrong, and this nation has always tried to do what's right. But we must remember it was the people of this nation, not the politicians in government, that made this nation prosper.

A strong central government is not capable of doing what is right because a strong moral compass is not its reason for existing. Big government exists to protect itself, and to spawn more big government. Its enslavement of the people then becomes an addiction to power, a never ending need for more and more.

The party of change desires to convince you that big government is what you need. The Democrats wish to reprogram our moral compass. The liberals support the genocidal murder of innocent, unborn lives, calling it "choice" to justify the horrific murderous practice. They support the destruction of the traditional family and the silencing of those of faith that would speak out against the radical homosexual agenda - and they call it a civil rights movement, rather than an attempt to justify a behavior that has long been considered an abnormality. The liberals have used the courts to override the moral compass of the American people. They have used the schools to indoctrinate our children to teach them to reject America's moral compass. They have assaulted us with a pop-culture of sex that is plagued with promiscuity, disease, and is pushed by the biased media and entertainment industry. And they do this in the name of change and hope. . . but what they are really doing is destroying morality in America.

Abortion on demand, a radical homosexual agenda, attacks on religion, and disarming America is not the kind of change I desire.

I believe Americans are smarter than that. This great nation is prosperous because the people refuse to succumb to such bondage. We are patriots that love our country and realize that our political tendencies rely on our moral convictions as a people. We reject the cheapening of life, and destroying the traditional family. We refuse to allow the state to take our children from us and indoctrinate them. And we reject laying down our arms so that an enemy can incrementally invade and alter our society.
This nation was founded on strong moral values, and America prospered because we always used our moral compass as our guide. And tonight, here at the Heading Right Convention, we have joined together to tell the nation that we will fight to protect it, and we will defend it against all enemies, foreign and domestic.

And the trueness of the direction of our moral compass is most apparent in the actions of our heroes, those soldiers and sailors that serve to protect us.

Greater love than this hath no man than that he lay down his life for his friends.

Our fine members of the U.S. Military faces evil daily, and they fight that evil to defend our liberty.

But the battle rages here as well. You and I are the warriors on the homefront. The enemies of America have realized that to bring down our civilization all they must do is confuse the standards of moral behavior.

The moral compass of America is crucial to defend, for if it falls, so does America.

My Friends, defend her, fight for her. United We Stand, Combined We Kick Butt.

God Bless America, and God Bless You.

August 25, 2008

August 15, 2008

Jerome Corsi, Controversy, and Political Pistachio Radio

Tonight on Political Pistachio Radio Dr. Jerome Corsi must meet controversy head on!

Dr. Jerome Corsi, staff writer for World Net Daily, has suddenly found himself in the midst of a violent storm of controversy. The WND writer, this week alone, has been the object of numerous television and radio shows as the media tries to wade through the information contained in the book, and determine if the book is truly filled with falsehoods, or is a well researched piece of literature that takes a close and hard look at the Democratic Presidential front-runner, Barack Obama.

The book at the center of the controversy is, The Obama Nation: Leftist Politics and the Cult of Personality. The Huffington Post calls the book, "...one of the worst political books ever written. Corsi piles distortion upon innuendo to create a gigantic heap of right-wing garbage, with a seemingly endless parade of basic factual errors running through the text like rats. Corsi's book is an embarrassment to the craft of journalism, and any of the conservatives who have praised and promoted it should feel humiliated at how bad it truly is." Media Matters writes that The Obama Nation "contains numerous falsehoods about Sen. Barack Obama." Even Conservative talk show host and Townhall writer Hugh Hewitt exclaims about the book, "Corsi's from the fringe. . . the book contains errors."

Hugh Hewitt, however, also points out that the Obama Campaign has given us an "absurd set of non-responsive responses," and that, "Now they botch a gimmie -- defining Corsi as a nut while not putting attention on the charges he leveled."

Sean Hannity has stated that The Obama Nation "may have made his [Obama's] campaign a bit nervous."

Joseph Farah, founder of World Net Daily, says about the controversy surrounding the book, and Jerome Corsi, "Unlike most of the critics of The Obama Nation, I have actually read the book from cover to cover. It is a thoroughly well-documented piece of first-rate journalism. Are there mistakes in it? Show me a first edition that doesn't have some – other than the Bible. But is it truthful? Does it add considerably to the public's knowledge of the front-running candidate for the presidency? Do we know much more about Obama than we would had we relied exclusively for our information from the New York Times, the Los Angeles Times, the Washington Post and the Associated Press? I offer a resounding 'yes' to all three of those questions. I am privileged to call him my friend, colleague and co-worker. I stand with Jerry Corsi today as he is viciously maligned by an attack media that would prefer to aim its potent artillery at a man who dared to do their job when they refused, when they laid down, when they sucked up, when they failed to ask the tough questions, when they took sides."

In response, Barack Obama's advisers have been tracking Corsi's media appearances, quickly telephoning producers to react to the book's charges, and last night, the Democratic presidential candidate's campaign issued a 40-page response to the book.

The Democratic National Committee has its own rapid response team to take aim at Corsi's book, saying, "One of the most vile smear peddlers of the 2004 election has found a new target. We cannot afford to let Corsi get away with the same dirty tricks that fooled so many people in 2004. We can't rely on the media to hold him accountable – in fact, the sheer brazenness of the lies is attracting even more coverage. The media have shown that they aren't going to stop him. It's up to you to spread the truth."

So, what is the truth? Is this book a classic smear job? Or is Corsi's book simply caught up in the crosshairs of the leftists because it hits a chord? Is Dr. Jerome Corsi a discredited liar peddling garbage in order to help continue Bush-Cheney politics? Or is he a simply being lynched by the mainstream media and Democratic Party for daring to write the truth? Be the judge yourself. Read the book, and listen to what Dr. Jerome Corsi has to say tonight on Political Pistachio Radio.
The show airs live at 10:00 pm Eastern Time, but will be archived for later listening for those unable to listen live. Access the program HERE.

www.blogtalkradio.com/politicalpistachio