Senator Owe Urges for Coordination Efforts over Bank Foreclosure Practices

Senator Owe Urges for Coordination Efforts over Bank Foreclosure Practices

Calls to look more closely at mortgage lenders’ foreclosure processes and practices further intensify. US Senator Olympia Snowe (Republican-Maine) this week sent a letter to particular federal regulators and agencies to urge for better coordination of probes into alleged anomalies over banks’ foreclosure practices. The legislator aired her concern over regulators’ seemingly ‘piecemeal efforts’ over the matter. She added that without a better oversight or strategy, the already striving housing market could be further endangered. In her letter, Senator Snowe asks the agencies to oversee not just banks, but also the entire housing sector. This is to come out with specific plans on how concerted efforts could be combined to work collectively by November 24. The US Congress would re-convene in Washington next week. Two hearings are set to deliberate on the issue. Executives from JPMorgan Chase & Co and Bank of America have been invited to give their testimonies during the hearing of the Senate Banking Committee. Federal and state officials are probing into numerous allegations that mortgage lenders improperly handle foreclosure processes by not thoroughly reviewing foreclosure documents. Some complainants even claim that the lenders have strategically submitted false statements just to speed up eviction of such delinquent home loan borrowers. These accusations have caused a stir that forced most major home lenders to halt their foreclosure activities since September. Bank regulators like the Federal Reserve as well as the Housing and Urban Development and the US Justice Department have already confirmed that they are looking closely into the issue.

Senator Snowe warned that without proper coordination, a unified strategic plan may not be possible, which could possibly lead to failure in addressing specified issues. She also noted that failure of the government to utilize existing authority on regulations could compromise a potential and sought-after recovery of the struggling housing market amid a downturn. Initial data from several analysts indicate that foreclosure activities somehow fell in October due to the impact of lenders’ decision to temporarily freeze foreclosures. However, it should be noted that several homes were still foreclosed during the period. The banks are working double time to resolve the issues and are targeting to resume their foreclosure activities in several weeks. They bear the pressure to prove that the allegations are unfounded. To read related news and get updated information on the housing market, visit

For more information of foreclosed homes for sale, visit, your source of auction homes

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Tom Delay money laundering duing Texas Candidates in 2002

Tom Delay money laundering duing Texas Candidates in 2002

Former U.S. House Majority Leader Tom DeLay – formerly one of the most powerful and dreaded Republicans in Congress – was sentenced Wednesday on charges, he illegally funneled shared money to Texas candidates in 2002.

Jurors considered for 19 hours before going back guilty decisions against DeLay on charges of money laundering and conspiracy to perform money laundering. He faces up to life in prison on the money laundering charge. After the decisions were read, DeLay hugged his daughter, Danielle, and his wife, Christine.

His guide lawyer Dick DeGuerin, said they plotted to request to the verdict.”This is an abuse of power. It’s a miscarriage of justice, and I still maintain that I am innocent. The criminalize of politics undermines our very system and I’m very disappointed in the outcome,” DeLay told journalists exterior the court. He corpse free on bond. And his passing judgement on was temporarily set to begin on Dec. 20.

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Prosecutors said DeLay, who once held the No. 2 job in the House of Representatives and whose heavy-handed style rated him the byname “the Hammer,” used his political activity committee to illegally channel $ 190,000 in corporate donations into2002 Texas law-making races through a currency swap.

DeLay and his attorneys cared for the former Houston-area representative did nothing wrong as no corporate money went to Texas candidates, and the money swap was legal.

The verdict came after a three-week trial in which prosecutors put more than 30 witnesses and volumes of e-mails and other papers. DeLay’s attorneys put five witnesses.”This case is a message from the citizens of the state of Texas that the public officials, they elect to represent them must do so honestly and ethically, and if not, they’ll be held accountable,” Travis County District Attorney Rosemary Lehmberg said later the judgement.

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Hypo Venture Capital Headlines: Bank capital fight spills into U.S. Congress

Hypo Venture Capital Headlines: Bank capital fight spills into U.S. Congress

By Kevin Drawbaugh and Dave Clarke

WASHINGTON | Thu Jun 16, 2011 5:14pm EDT

(Reuters) – The fight by big banks against higher capital standards came to the Congress on Thursday where Republicans held a hearing to air Wall Street concerns about regulation and its impact on profits.

Little more than two years since taxpayer bailouts were needed to firm up banks’ flimsy balance sheets, governments on both sides of the Atlantic are moving to force the banks to hold more capital and be better prepared for future crises.

Banks are resisting, however, and remarks made at a U.S. House of Representatives hearing showed they have support among many Republicans and some Democrats, with the 2007-2009 credit crisis growing fainter in the rear-view mirror.

Citing concerns about international competitiveness and the availability of credit in a fragile economy, JPMorgan Chase Chief Risk Officer Barry Zubrow told lawmakers: “The regulatory pendulum clearly has now begun to swing to a point that risks hobbling our financial system and our economic growth.”

Final decisions on new global bank capital standards are still months away. The standards are being developed through the Basel III process being coordinated by the Financial Stability Board, an international body based in Switzerland.

The United States is committed to full implementation of the Basel III accords, once they are finalized, both “at home and abroad,” U.S. Treasury Undersecretary for International Affairs Lael Brainard told the House Financial Services Committee.

She added that it was important to make sure that capital rules be internationally consistent.

Similarly, Federal Reserve Governor Daniel Tarullo said the Fed is seeking alignment of the Basel III capital rules with those imposed in the United States under last year’s Dodd-Frank financial oversight law.

At a minimum, under the Basel pact, banks will have to hold top-quality capital equal to 7 percent of their risk-bearing assets. Analysts expect the largest financial institutions to have to hold additional capital of about 3 percent.

Financial industry officials also complained at the hearing that new derivatives rules under Dodd-Frank will put U.S. firms at a disadvantage because other countries have yet to implement their own strict standards.

Regulators said they are also pushing for derivatives rules to be implemented internationally. Brainard said she visited London and Frankfurt in the last two weeks to make the case for an international agreement on margin standards for derivative trades that do not go through a clearinghouse.


John Walsh, a top U.S. banking regulator, expressed concerns at the hearing similar to those raised recently by large banks, which fear that higher capital requirements will crimp their lending and reduce their profits.

“Attempting to wring risk out of the banking system through the device of high capital requirements must be weighed against the costs … and potentially lower economic growth,” Walsh told the House hearing.

Walsh is acting U.S. Comptroller of the Currency. He said his agency supports requiring large banks to hold a “moderate” amount of additional capital.

A witness for the union movement urged regulators to resist calls to relax their stance.

“Deregulatory whipsawing of the kind recommended today by my fellow witnesses may temporarily increase some bank profits. But the price will be another cycle of economic crisis and job loss,” said Damon Silvers, associate general counsel of the AFL-CIO labor group.

The Dodd-Frank banking reforms approved last year required the Federal Reserve to come up with capital requirements for banks with more than $ 50 billion in assets and for other large financial firms deemed important to the smooth functioning of financial markets and tapped for stricter Fed supervision.

World regulators, as part of the Basel III process, are deciding how much of an added buffer to impose on the largest, most internationally active banks.

The Securities Industry and Financial Markets Association, an industry lobbying group, “disagrees with the discussion underway by the Financial Stability Board which would impose an additional capital charge for globally systemically important financial institutions,” said SIFMA President Tim Ryan in remarks prepared for the hearing.


“If we over-regulate and ignore the plans of the rest of the world, then I fear we will push capital, industry and jobs right out of our country,” Republican Representative Spencer Bachus, chairman of the committee, said at the hearing.

Earlier this month, Tarullo got the banks’ attention when he said the Fed might require the largest banks to hold between 8 percent to 14 percent in total capital. He backed away from that on Thursday.

He said the range was what different studies had produced, not necessarily what would be adopted.

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Rick Santorum Dropped Out of GOP Race

Rick Santorum Dropped Out of GOP Race

Former U.S. Sen. Rick Santorum has officially dropped out of the 2012 presidential election. His survival lasted longer than any expected. The Republican presidential candidate was losing to Mitt Romney in his home state of Pennsylvania. “Just as it was when we decided to get into this race….We were touching people, raising issues that people did not want to have raised,” said Santorum.

Upon announcing his campaign suspension, Rick Santorum won 11 states: Colorado, Alabama, Louisiana, Iowa, Kansas, Minnesota, Mississippi, North Dakota, Missouri, Oklahoma, and Tennessee. The former U.S. Sen received more than 3 million votes. He succeeded in positioning himself as a “true conservative”. Rick Santorum has built his household name. However, he could not gain enough popularity to continue his campaign. He narrowly lost in a number of others. He failed to win key states like Ohio on Super Tuesday.

Let’s have a look back on Rick Santorum’s year through photos.


August 14, 2011: Rick Santorum waited to be introduced at the Blackhawk County Republican annual Lincoln Day Dinner.


September 12, 2011: Rick Santorum was featured in a presidential debate sponsored by CNN and The Tea Party Express.


January 3, 2012: Rick Santorum at the Stoney Creek Inn


February 17, 2012: Rick Santorum answered questions after a press conference which was held to announce the endorsement of his campaign.


March 17, 2012: The former U.S. Senate spoke to supporters during a campaign at Westminster Christian Academy in Town and Country, Missouri.


Santorum served as a United States Senator representing Pennsylvania from 1995 to 2007. He worked as a consultant, news contributor, and private practice lawyer following his departure from the Senate.


April 3, 2012: Rick Santorum spoke at a campaign rally at Four Seasons Sheraton.



Related links:

Rick Santorum and wife Karen Garver Santorum on Iowa Caucus Night (Pictures)

Rick Santorum’s daughters: Bella Made Remarkable Turn, Elizabeth Filled in for Her Dad (Pictures)

I am the fan of news on society and culture. I am currently the lecturer in social major. In free time, I am fond of reading articles and joining social activities.

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No Longer a Need to Pretend

No Longer a Need to Pretend

No Longer a Need to Pretend


It began – at least for me – with Dan Rather’s embarrassing fall from grace with his refusal to acknowledge that he used forged documents designed to indict George W. Bush’s military record. Oh, I know, it’s been argued that Walter Cronkite was the template back in the days of Vietnam and Kennedy versus Nixon, but those were times when I was more concerned with capturing bees in a jar or building snow forts.

They were certainly times long before the inception of Fox News, an outfit reviled by the competition due to jealousy, and by the political left because of damage inflicted.

It was Anita Dunn, Obama’s former Communications Director, who was the attack dog of the administration, claiming that Fox News was not a “legitimate news organization”, a mantra that the president himself soon repeated.

No, we were led to believe, only “real” news sources like ABC or CBS were to be trusted. Never mind the chilling notion that an American government was suddenly in the business of attacking the news media, in whatever incarnation; the viciousness with which it did so was unprecedented. Fox has been the target simply because they tell the story the alleged real news media deliberately conceals, and because much of the broadcast day is decidedly right-leaning. 

Fair enough. So let’s agree that Fox is biased – a notion they have done little to dispute – but of that fact they are unapologetic. But what of the blatantly obvious bias of the Big Broadcast news networks? Sure, they vehemently deny any accusations of bias, and bristle at the very mention of it, but come on, do they really think we’re that naive?

When ABC News in June of 2009 gave the president an hour-long platform to promote “health care”, ABC defended the move from critics. Ken McKay, then Chief of Staff for the Republican National Committee, wrote in a letter to ABC News President David Westin, in which he said, “The president has stated time and time again that he wants a bipartisan debate. Therefore, the Republican Party should be included in this prime time event.”  ABC News Senior Vice President Kerry Smith disagreed, countering with the claim that any viewer who watches will be sure to find the network’s coverage is “informative, fair and civil.”

Then there is the problem with unemployment. Remember how the media pounded Bush relentlessly over the unemployment percentage, which then hovered around 5%? They joined Democrats in portraying that figure as exaggerated because the people who were among the employed had lost higher-paying jobs with better benefits, and were now forced to “flip burgers” to get by. Suddenly, however, under the leadership of Barack Obama, flipping burgers was a splendid new “career”. 

In May of 2009, I saw on ABC’s World News Tonight with Charles Gibson, what to that point was the most astounding example of State Run media I had ever seen. Discussing the April jobs figures about to be released, Gibson announced that 539,000 jobs were lost. He followed up with the great news that in February alone, 4.3 million jobs were created!

The next day, I wrote When Democrat Presidents Create Jobs,in which I described how suddenly the lower quality jobs the Liberal media once complained about were the saving grace of unemployment running rampant. An excerpt:
He gives an example stating that 4.3 million Americans got new jobs in February. Then the video starts and we see (are you reading this, MoveOn?) middle aged people as part of the 72 who just got hired at…a burger joint. They interviewed a young man who had “just lost his construction job” and who is the new “fry guy”.
The piece goes on to gush about Walmart expecting to hire tens of thousands of new workers, and also that the federal government has hired 62,000 new people.

Now, ABC News has taken water-carrying to a new level. To start the New Year, on January first, ABC News Political Director Amy Walter issued a warning to Republicans about trying to repeal “ObamaCare”. On ABC’s Good Morning America, Walter had this to say:

“If Republicans decide they’re going to spend the first six months of this year going over and debating the individual mandate or ObamaCare or whatever they want to call it, I think that’s not going to sit very well with the electorate.”

It’s not enough to just be incredulous that an alleged “news” outlet would issue warnings to either political party (their job is to report on events, is it not?). No, one would also expect that the people responsible for informing the electorate were themselves informed. So how does Ms. Walter not know of the overwhelming majority of the electorate opposed to ObamaCare?

There are some who will ask me to quit complaining. After all, Fox pundits issue the same kinds of warnings all the time right?

Yes, that is true. But if the uber-respected ABC News is now doing it, wouldn’t that equate them with Fox, which has been reviled and ridiculed by the government and its minions? It then becomes a question of integrity and intent. Fox has the former, while the media that hides within a false cloak of respectability has the latter.


Daniel James Wood is the author of Boomer, a political thriller available on and a recreational writer commenting on the political landscape at Sanity Sentinel.

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Mitt Romney for 2012 President Race

Mitt Romney for 2012 President Race

Former Massachusetts Governor Mitt Romney officially became the second major Republican to be the GOP nominee in the 2012 presidential race in June 2011. To achieve his aim of winning White House bid, Mitt Romney is trying his best to show off her talented ability, knowledge and good minds. The 2012 presidential candidate announced a challenge to President Barack Obama in 2012 with his declaration that he would “put America back on a course of greatness.” Moreover, his announcement focused mainly on the troubled American economy and said he had “become convinced that America has been put on a dangerous course by Washington politicians, and it has become even worse during the last two years.”

Romney who was born in Michigan in 1947 is the son of George W. Romney, the former Governor of Michigan and Lenore Romney. He was ever a student of Brigham Young University. Romney joined the management consulting business, helping him reach a position at Bain & Company, eventually serving as its CEO to lead it out of crisis. Mitt Romney married his wife, Ann Romney in 1969 after years of dating out. The couple first met in elementary school when Mitt was a Cub Scout. Ann was riding a horse and Mitt Romney threw stones at her. They have a large family with five children: Taggart, Matthew, Joshua, Benjamin and Craig.

The former Massachusetts Gov. Mitt Romney has been a GOP nominee in the 2012 presidential campaign 


Republican presidential candidate and former Massachusetts Gov. Mitt Romney blamed the U.S. government’s credit downgrade squarely on President Obama on Monday August 8. According to Mitt Romney, downgrade by ratings agency Standard & Poor’s, which has sparked a sharp drop in global financial markets, “punctuated once again the failure of leadership by the president.”

Mitt Romney governor declared: “Barack Obama has failed America.”

Mitt Romney spoke on Thursday August 11 in Iowa: ‘Corporations Are People’ as hecklers asked for raising taxes on large businesses

Ahead of his expected 2012 presidential bid, Mitt Romney has tried to appear more like an everyday guy rather than 2012 presidential candidate in skinny jeans

Ann Romney, Mitt Romney’s wife

Mitt Romney with his wife announced his bid for the US presidency at the Henry Ford Museum in Dearborn, Michigan

Mitt Romney with his wife Ann prompted his bid for the Republican presidential nomination in Stratham

The Romney couple in New Hampshire

Romney’s happy family

First son Tagg Romney and Governor Mitt Romney at their lake house on April 15, 2007 to celebrate Ann Romney’s 58th birthday


Mitt Romney for the 2012 President Race


Related links:

Mitt Romney and Wife Ann Davies Celebrate Florida Primary 2012 Win (Pictures)

New Hampshire Primary 2012: Mitt Romney And Family Celebrate Second Victory in Manchester (Pictures)

Mitt Romney’s Sons and Wife Ann Romney in Pictures

Mary Rose is currently a lecturer on society. In her free time, Mary is fond of joining social activities. Her goal is to provide up-to-date news and articles on society and culture.

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Assessing The Mid-term Elections

Assessing The Mid-term Elections
GOP picks up 60 seats in the House, 6 in the Senate. The 2010 midterm elections are over and frustration has prompted change on Capitol Hill. Republicans will control the House with at least 239 seats; Democrats will retain a narrow majority in the Senate with at least 51 seats.1
Here comes gridlock. Were determined to stop the agenda Americans have rejected and to turn the ship around, Senate Minority Leader Mitch McConnell (R-KY) told the press after the election.2 So will President Obamas health care reforms be rolled back? Will federal spending be severely reduced?
Through 2012, you may not see much change at all. With Republicans controlling the House, Democrats controlling the Senate and President Obamas veto pen at the ready, you can expect plenty of legislative stalemates.
Could gridlock benefit the markets? It could be bullish for stocks. With a conservative majority in the House, Wall Street could breathe a collective sigh of relief over the next two years, feeling less regulatory pressure and seeing fewer threats and a more business-friendly environment.
On the other hand, history suggests otherwise. Standard & Poors database reveals that since 1900, the S&P 500 has gained an average of just 2.0% in years featuring a split Congress. Since World War II, the average gain in such circumstances has been 3.5%.3 Heres hoping past performance is no indicator of future results.
What can the lame-duck Congress accomplish? Republicans dont become the majority party in the House until January so what will happen with the Bush-era tax cuts and the estate tax?
A compromise could be in the works on the estate tax. Neither party wants to see estate taxes reset to 2001 levels. With death taxes poised to top out at 55% next year, both parties may emerge from the limbo of 2010 and reach a consensus. A CNN report suggests the maximum estate tax rate will be set somewhere between 35-45% for 2011, with the federal exemption ranging anywhere from $ 3.5-$ 5 million.4
Both parties want to preserve the Bush-era income tax cuts. Analysts now think Congress may act to extend the EGTRRA/JGTRRA tax cuts through at least 2011.4 Will they be extended for all Americans, as Republicans want? Or just to households with incomes of less than $ 250,000, as Democrats want?
Two (lame duck) Democrats have proposed extending these tax cuts for all but the really rich. Senate Banking Chairman Chris Dodd (D-CT) would like them extended for households making less than $ 500,000; Sen. Blanche Lincoln (D-NE) has proposed setting the break at $ 1 million. In September, 31 House Democrats wrote a letter to their partys leaders urging the extension of the cuts for all Americans.5
Other matters to tackle. Currently, the unemployed can qualify for up to 99 weeks of federal unemployment benefits. The Tier V unemployment extension is set to expire at the start of December, and if it does, about 2 million Americans will lose that cushion. Additionally, the Medicare reimbursement rate for doctors will be reduced by 21% if Congress doesnt apply its usual annual doc fix by the end of November, and the Alternative Minimum Tax needs its annual patch.4
It is possible that one broad year-end tax bill could address all of the above issues.
What if the economy needs another stimulus? Given the mid-term election results, it is pretty clear that Federal Reserve will have to ride to the rescue instead of Congress. The GOP wants to block any new spending that adds to the federal deficit, so any initiative President Obama might propose to pump up the housing market or job market will likely be small-scale. It is hard to imagine another federal stimulus package making it through Congress between now and 2012, though a tax-cutting move might stand a chance.
Obama appeals to the business world. One last item of interest: in the wake of the shellacking his party took this week, President Obama spoke of mending fences with Americas business community. He now says he wants to undo Section 9006 of the health care reform law the section that would require all businesses to issue 1099 tax forms notifying the IRS of purchases exceeding $ 600 starting in 2012.

Ishan Goradiya is freelance writer and loves to write about financial planning. These days he is writing on Patelco Credit Union.

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Health Care Bill To Be Passed By Christmas? Millions of Americans still uninsured

Health Care Bill To Be Passed By Christmas? Millions of Americans still uninsured

Many people are simply unaware what the current health care debate is even about. It all started with President Obama’s promise of health care for every American. Since then he has been attempting to get the Senate to pass a health care bill that moved quickly through the house. A few major things happened that stripped the bill of it’s major important parts. One of the most important aspects of the Obama health care bill in congress was whether there was a public option as well as a mandatory buy in. Another major issue was Democrat chairman Joe Leiberman from Connecticut who is obviously in with the insurance industry big time. At this time there are still millions of Americans without health insurance, are you one of them? I will address all these issues and more.

First is how the bill got to where it is today.

At first, there were a number of bills floating about. One of them was House Speaker Nancy Pelosi’s bill dubbed “pelosicare”. Many laughed at this bill as it was very lacking and obviously sided with the insurance companies. Eventually, a bill passed the house and made it to the senate where it has remained deadlocked. The reason why the health care bill has remained deadlocked has little to do with fact: many republicans are simply disagreeing just so healthcare doesn’t pass. In fact, Senator Joe Lieberman threatened to vote with the republicans even though he is the chair of the democratic party.

The reason for these threats and all the commotion was largely the most important aspect of the bill: the public option.

At this point where we stand now, there is no public option in the bill. Republican spooking literally scared the public option and minimum buy in options out. This further enhances efforts to expand the gap between the lower and elite class.

At this point in history, more Americans do not have health insurance than at any other time. It is not hard to find health insurance quotes that will save you hundreds of dollars if you know where to look. If you are one of the millions of Americans with no health insurance, or are looking for cheaper health insurance, you don’t have to wait until the health care bill passes or there’s a public option. Get a free health insurance quote today, and then if there is a public option you have the option to save even more money! Check it out and give it a try today… every living person has the right to be healthy, why shouldn’t you?

Are you one of millions of Americans without insurance? Everyone deserves to have health coverage, especially you and your family. To learn more and get a free health insurance quote, don’t wait until the health care bill is passed, check out this website today.

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Candidates For 2008 Presidental Election

Candidates For 2008 Presidental Election

Barack Obama (Democrat) and John McCain (Republic) are the two final candidates for the 2008 presidental election. However, before selecting these two final delegates, there were several other candidates as well.


On the democratic side, there was Hilary Clinton who is the former first lady and is presently Secretary of State under President Obama. Hilary Clinton dropped out in June after a hard fought battle with Obama for the presidential nominee.


John Edwards, the former US senator from North Carolina was also a Democratic 2004 vice presidential candidate but dropped out early in Jan of 2008. This was great news for him as just a few months later he was embroiled in an alleged affair with one of the female reporters covering his candidacy.


Joe Biden is a lawyer and senator from Delaware and has served the US senate for 6 terms.

He once ran for the presidency candidate in 1988, but is currently the Vice president under Barack Obama’s leadership.


Other democratic candidates which dropped out much early on included Chris Dodd from Connecticut, Mike Gravel from Alaska, Dennis Kucinich from Ohio and Bill Richardson from New Mexico. On the republican side, the two candidates who did challenge John McCain for the Republican leadership induced Mike Huckabee from Arkansas and Mitt Romney from Massachusetts. Both Mike Huckabee and Mitt Romney did provide McCain with a strong challenge but in the end but had to drop out because it appeared that many Americans preferred John McCain’s military background.


Other Republican candidates which dropped out much earlier on included Ron Paul from Texas, Rudy Giuliani, former Mayor of New York City, Duncan Hunter from California, Fred Thompson from Tennessee, Sam Brownback from Kansas, John Gilmore from Virginia, Tony Tancredo from Colorado and Tommy Thompson from Wisconsin.


Ultimately the battle for the presidency was between Barack Obama and John McCain. Barrack selected Joe Biden to run with him as vice president and John McCain selected Sarah Palin from Alaska for his choice as Vice President.


John McCain has been a senator from Arizona and did run for the GOP presidential nomination in 2000, but lost a close race to George W Bush. Barack Obama is a former lawyer and state senator from Illinois. In 2004, it became obvious the democrats that Barack Obama excelled as a leader and was genuine about seeking change in the Whitehouse. At the Democratic convention in 2004, he captivated his peers and later won the Senate race. During his presidential campaign his major themes were to bring change to America, bring the troops back from Iraq, make the administration transparent, stop torture or prisoners and close Guantanamo Bay. He received votes from most minorities, including women and African Americans.


Eventually, it was Barack Obama who completely whitewashed John McCain and became the first African American President of the United States of America.


Learn more about the 2008 candidates at

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Jake Shannon ? A Tea-O-Con Case Study

Jake Shannon ? A Tea-O-Con Case Study

Jake Shannon – With the recent ouster of Bob Bennett, it seems many incumbent Republicans are scrambling and cranking up the spin-machine in an attempt to jump aboard the recent “Liberty/Tea Party” freight-train. I like to call these folks Tea-o-Cons; Neo-Conservatives who leverage true-blue American libertarian rhetoric to get elected, then once they are in power they actually legislate against liberty and libertarian values.

With the recent ouster of Bob Bennett, it seems many incumbent Republicans are scrambling and cranking up the spin-machine in an attempt to jump aboard the recent “Liberty/Tea Party” freight-train. I like to call these folks Tea-o-Cons; Neo-Conservatives who leverage true-blue American libertarian rhetoric to get elected, then once they are in power they actually legislate against liberty and libertarian values.

It’s the old “bait & switch” scam and they are essentially Neo-Conservative wolves in Sheep’s clothing.

On July 12th, 2003, Rep. Ron Paul gave a speech to Congress where he described the Neo-Conservatives (“neo-cons” for short) as former leftists (he calls them former-Trotsky-ites) and their beliefs:

1) Permanent revolution; violent as well as intellectual

2) Re-drawing the middle east through force

3) Pre-emptive war to achieve desired ends

4) The ends justify the means

5) No opposition to the Welfare state

6) Strongly endorse American empire

7) Lying is necessary for the state to survive

8) Believe a power Federal government is a benefit

9) Pertinent acts about how a society should be run should be decided by the elite and withheld from those who don’t have the “courage” to deal with it

10) Neutrality in foreign affairs is ill-advised.

Force should not be limited to the defense of our country

11) They dislike and despise libertarians

12) Attacks on civil liberties are necessary

13) Unconditionally support Israel

In essence, Neo-Cons are pro-war, anti-liberty, anti-accountability, deceptive, and pro-Zionist. Tea-O-Cons are simply Neo-Conservative wolves in Tea Party sheep’s clothing. Since I am running for the same office currently held by former Democrat, now Republican Jason Chaffetz, I thought I’d apply a Tea-O-Con analysis toward his legislative legacy. Now, those who’ve seen incumbent Rep. Jason Chaffetz (UT-3) on The Colbert Nation being soundly defeated in leg wrestling (which is even funnier given he was a kicker for BYU) or doing photo-ops with a goat know that Mr. Chaffetz is very likable. I am in no way whatsoever contesting Mr. Chaffetz’s affability. And to be totally fair, Rep. Jason Chaffetz, has never claimed to be libertarian or to be a staunch defender of the Constitution or Bill of Rights, as far as I know.

To read more, please visit:

Jake Shannon is a Libertarian Hypnotist, Financial Engineer & Grappler. Jake Shannon began practicing hypnosis back in 1989 as a teenage cancer patient when his oncologist introduced him to hypnotism in an effort to help mitigate the pain associated with chemotherapy and radiation treatment. In the twenty years since, Jake Shannon has refined his brand of hypnotism and critical thinking into a powerful proprietary system for improving human performance. He credits it for his successes across a broad domain of endeavors.

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