“Bosniacs?” There ya go again, Joe!

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Securities based on mortgages have a value, despite the refusal of the players to make a market. That will change in a month, and no company should be penalized by accounting rules for the momentary oddities of the marketplace.

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Looks like the majority of the House agreed with me. The financial bailout in its current form is dead.

The usual way to fix this is for Congress to lard up to bill with pork so that more Congresscritters will vote for it. Watch for that approach to be forthcoming. Congress can be bought. It’s just a matter of the price, now.

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Here is a link to the Financial bailout agreement. It is in PDF form. It is a long and complex document but a very quick scan reveals some issue for the American taxpayer.

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We, American taxpayers, are being fed a steaming pile of bull by elected officials bought and paid for by the mortgage industry. This crisis was manufactured solely to ensure that mortgage holders receive a higher price for mortgages than a reasonable buyer would pay.

It think it’s time to fire Congress.

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My mind was made up some time ago. I watched the debate as an exercise in politics and culture.

Barry Obama said that McCain was right 6, or 8 times. Bad move. You’re always glad to see that your opponent agrees with you. That’s the way you use that circumstance.

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Why should we trust the Federal Government to do the right thing?

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A Twitter friend, @marismith, has just returned from a long vacation RVing across Alaska and the Canadian west. She discovered 1200 e-mails waiting for her.

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You need to be about the people’s business.

Return to Washington and do the jobs we pay you to do. How you handle this will go a long way to prove your fitness for higher office.

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The fundamentals of the American Economy are sound. They are. Unemployment is low. Inflation is low. Productivity is good. Interest rates are low. GNP numbers are ok.

It is not a crisis if economic measurements are not at historic numbers. Every week, every month, every year cannot set a new record. It is the trend that counts. The only trend damaging our economy at this time is that of government interference in the economy.

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