Tuesday, October 26, 2010

A Quick Note to NPR Chief Schiller

Ms. Schiller,
Really, it took you less than 48 hours to decide to can Juan you can't determine whether you screwed up just off the cuff? You feel it is necessary to have a "...thorough review of all aspects of our performance in this instance, a process that will continue in the coming days and weeks."

Answer these questions, Ms. Schiller. Have you ever had to dress in a full Burqa against your will, Ms. Schiller? Have you had your education denied to you because you are a female, Ms. Schiller? Have you ever willingly killed your daughter because she may have dishonored you, Ms. Schiller? Have you got a clue as to what is going on, Ms. Schiller?

Until you answer yes to all four questions, Ms. Schiller, I would recommend you not act on what others say about Muslims or their religion. Discourse is exactly what is required at this moment in history. Silencing others for their thoughts and words, that is what you have done, has never bode well for humanity.

In closing, you have placed yourself with the Muslims by silencing Juan. Oh yeah, except the part where they kill you instead of fire you for telling the truth about Mohammed or his religion. Not yet, anyway.

With the respect due a (what are you again?),
Edward Rodda

Wednesday, October 13, 2010

Really Barry... We Have To Work With You???

Quick note to Barry,
Just read you think Republicans have to work with you when they win back the House and maybe even Senate... Just so you know, they are OUR elected officials and you will have to work with them!

As you are a progressive (I read communist) you will probably not understand this. I recommend you talk to the new Speaker of the House as soon as possible to get schooled on how things work when you no longer have a super majority.

It seems a shame that a couple of pollsters and one News Organization toppled your house of cards. Oops, that's right, it toppled under the weight of all the lies and deceit you and your party have tried to hand America. You and your kind belong in some third world country, perhaps Venezuela, where you can really control what the people see and hear.

Well, I said it was a quick note so until next time, "Bye, bye, Barry!".

With the respect due the Office of the President,
Edward Rodda

Monday, September 6, 2010

And Then He Said...

Dear Mr. Rodda:

Thank you for contacting me regarding tax provisions that expire this year.

I support tax cuts that are fair, equitable, and contribute to economic growth. At the same time, I believe we must be fiscally responsible when considering any proposal that could significantly impact the Federal budget. We must not allow emergency spending and outdated subsidies to continue indefinitely. Too often, special interests have hijacked Congressional tax and spending bills for their own gain, at the expense of everyone else.

I firmly believe we should implement sound fiscal policies that will help reduce our nation's $13 trillion debt. In January, the Congressional Budget Office estimated the national debt would increase by more than $6 trillion over the next 10 years. Full extension of the 2001 and 2003 tax cuts would add an additional $3 trillion to the debt over the same period. These deficit projections threaten the stability and security of the U.S. economy.

The President has proposed permanently extending the 2001 and 2003 tax cuts for individuals making less than $200,000 a year and married couples making less than $250,000. He has also proposed permanently extending tax relief from the Alternative Minimum Tax (AMT). The AMT is increasingly hitting middle-class taxpayers because, unlike the regular income tax, the AMT rates are not indexed for inflation.

Unfortunately, political partisanship has made meaningful deficit reduction and tax reform extremely difficult to achieve. That’s why I supported the creation of the bipartisan National Commission on Fiscal Responsibility and Reform. The commission is comprised of private citizens and elected officials from across the political spectrum who are tasked with recommending solutions to the nation’s long-term fiscal challenges, including changes to tax and spending policies. I am hopeful their recommendations will jump start a real debate on how to improve the nation’s fiscal outlook.

I have long championed efforts to provide tax relief for middle-class Americans, and I will continue to support legislation that helps Florida families and small businesses through this difficult time. I am glad that you took the time to send me your thoughts. Be assured that I will keep your views in mind when these matters come before the Senate.

Sincerely,
Senator Bill Nelson

Wednesday, August 4, 2010

Taxes, Taxes, and More Taxes

Senator,

Barry says my taxes are not going up. Here is a brief of what is coming down the pike. What say you, senator?

In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:

First Wave:
Expiration of 2001 and 2003 Tax Relief

In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:
Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:
The 10% bracket rises to an expanded 15%
The 25% bracket rises to 28%
The 28% bracket rises to 31%
The 33% bracket rises to 36%
The 35% bracket rises to 39.6%

Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut.

The return of the Death Tax.
This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.

Higher tax rates on savers and investors. The capital gains tax will rise from 15 percent this year to 20 percent in 2011. The dividends tax will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.

Second Wave:
National Health Care

There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:
The “Medicine Cabinet Tax”
Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).

The “Special Needs Kids Tax”.
This provision of Obamacare imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there is no federal government limit). There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education.

Tuition rates at one leading school that teaches special needs children in Washington , D.C. ( National Child Research Center ) can easily exceed $14,000 per year. Under tax rules, FSA dollars cannot be used to pay for this type of special needs education.

The HSA Withdrawal Tax Hike.
This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.

Third Wave:
The Alternative Minimum Tax and Employer Tax Hikes:

When Americans prepare to file their tax returns in January of 2011, they’ll be in for a nasty surprise—the AMT won’t be held harmless, and many tax relief provisions will have expired. The major items include:

The AMT will ensnare over 28 million families, up from 4 million last year. According to the left-leaning Tax Policy Center , Congress’ failure to index the AMT will lead to an explosion of AMT taxpaying families—rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.

Small business expensing will be slashed and 50% expensing will disappear. Small businesses can normally expense (rather than slowly-deduct, or “depreciate”) equipment purchases up to $250,000. This will be cut all the way down to $25,000. Larger businesses can expense half of their purchases of equipment. In January of 2011, all of it will have to be “depreciated.”

Taxes will be raised on all types of businesses. There are literally scores of tax hikes on business that will take place. The biggest is the loss of the “research and experimentation tax credit,” but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.

Tax Benefits for Education and Teaching Reduced.
The deduction for tuition and fees will not be available. Tax credits for education will be limited. Teachers will no longer be able to deduct classroom expenses. Coverdell Education Savings Accounts will be cut. Employer-provided educational assistance is curtailed. The student loan interest deduction will be disallowed for hundreds of thousands of families.

Charitable Contributions from IRAs no longer allowed. Under current law, a retired person with an IRA can contribute up to $100,000 per year directly to a charity from their IRA. This contribution also counts toward an annual “required minimum distribution.” This ability will no longer be there.


I just want to thank you for reaching into my pocket and removing my hard earned income to pay those who will vote for you in 2012. I did not know what to do with the money so your quick action has prevented me from worrying too much. Thank you for your interest in my welfare. Oh wait, it's not my welfare you are interested in, is it senator?

With the respect due a tyrant,
Edward Rodda

Sunday, June 6, 2010

BP (Barely Plausible)

Mr. Obama,

I see you have chastised BP for "nickel and diming" the gulf coast population while advertising what they are accomplishing in spill cleanup and containment. If I might point out a couple of items requiring your attention.

BP is actually doing something while you are just blaming something.

BP is paying for its' view of the spill while you rely on the media you carry around in your pocket to present your agenda.

BP is attempting to clean up and stop the spill with its' limited resources while the governor of Louisiana screams for federal permission and assistance, and gets a limited response.

BP is providing monetary assistance to those directly affected by the spill while all you can say is somebody is going to pay.

In closing Mr. Obama, I live on the island of Key West where all the oil still floating has to pass when it makes its' way out to the Atlantic. I am looking forward to seeing you down here blaming BP for their ineptitude and telling me you are in charge. I will be wondering though, while BP attempted to clean up where the oil is, why weren't you attempting to protect the areas in its path?

With the respect due the Office of the President,

Edward Rodda

Wednesday, June 2, 2010

Boots on the Ground? Not So's You'd Notice!

Mr. Obama,
So let me repeat this to make sure I am getting it straight. The people wearing the uniforms with helmets and bullet proof armor are going to be sitting at a border crossing holding a broom to clean up after any trash spilled out of a freshly inspected car, while the people in trousers and button down shirts driving Government Motors SUV's are out getting shot at with high-powered weapons.

Truly sir, are you an idiot? Your responsibility is not to placate our neighbor to the south by letting his countrymen into our country so they can send our dollars south to bolster his country. The border is the border and it is your responsibility to close it. You find it easier to take our choices and our hard earned income to give to your voter base. No other country on earth has a more open border or more to lose as OTM's come streaming across.

Mr. Obama you are ignorant of the needs of your country but quite knowledgeable of those who would see us fail. Your words are loud and clear and are being repeated throughout this country. Too bad the fundamental change you are expecting is not going to be the one which occurs.

With the respect due the Office of the President,
Edward Rodda

Tuesday, June 1, 2010

Gun Rights? We Don't Need No Stinking Gun Rights!

Senator,

I am writing in regards to a recent Reuter's article which can be found at http://www.reuters.com/article/politicsNews/idUSTRE59E0Q920091015. It appears the Anointed One, who tried to stop a busted well by just uttering a few words, is going to do away with one of our Constitutional Rights by throwing it under the international bus. Do not the voice of the American People have a say in this? The right to keep and bear "conventional" arms comes with the implied right to purchase said arms.

Your continued erosion of rights will undoubtedly lead to renaming our once great country to The Utopian States of America (Hey look, we can still call it USA!) where I can look to the government instead of God for my daily bread. On the other hand, as you in Washington slowly, methodically, and painfully remove our rights under the guise of "we are just trying to make your life better and safer", please remember what always occurs when government refuses to listen to the people. Might I recommend http://www.youtube.com/watch?v=9-nXT8lSnPQ as a reminder. I do not believe you will have to hire a translator, using my tax dollars, to understand.

With the respect due the Office,

Edward Rodda

Sunday, May 23, 2010

Health Care For All, Yippee! (Just Give Me Your Change)

Regarding HR 3590 as amended:

SEC. 9002. INCLUSION OF COST OF EMPLOYER-SPONSORED HEALTH COVERAGE ON W-2.

(a) In General- Section 6051(a) of the Internal Revenue Code of 1986 (relating to receipts for employees) is amended by striking `and' at the end of paragraph (12), by striking the period at the end of paragraph (13) and inserting `, and', and by adding after paragraph (13) the following new paragraph:

(14) the aggregate cost (determined under rules similar to the rules of section 4980B(f)(4)) of applicable employer-sponsored coverage (as defined in section 4980I(d)(1)), except that this paragraph shall not apply to--

  • (A) coverage to which paragraphs (11) and (12) apply, or
  • (B) the amount of any salary reduction contributions to a flexible spending arrangement (within the meaning of section 125).

(b) Effective Date- The amendments made by this section shall apply to taxable years beginning after December 31, 2010.

Senator,

Please explain... Does this mean I am going to pay taxes on money you require my employer to spend on my behalf??? Does this mean, I am going to have less to spend in support of my family??? Does this mean you are starting up socialist health care for all? Does this mean Obama lied???

With the respect due the Office,

Edward Rodda

Sunday, May 16, 2010

When An Apple Isn't Good Enough...

Senator Nelson,

Before you get started debating the positives (there aren't any) for bailing out up to 300,000 teachers with my money let me give you my input.

Teacher pensions are the underlying problem, not lost revenue from exorbitant property tax. In an examination into education costs, the National Center for Analysis of Longitudinal Data in Education Research, folks a lot smarter than you or me, point this out, "Teachers who retire in their mid-fifties not only create vacancies that must be filled, but they also draw pension benefits for spells that are likely to exceed their years of service employment. A teacher retiring at age 55 with a $50,000 annual pension typically indexed) has received an annuity worth over $1 million."*

So let's do some Obama math... You in Washington want to save 300,000 teacher jobs with 26 billion of my dollars, how noteworthy. Then let us figure in the retirement costs using the above "conservative" number... Let's see, 1,000,000 dollars/retired teacher times 300,000 teachers is... hmmm, what was I taught, oh yeah, multiply the integers and add all the zeros on the end. WOW! 300,000,000,000 dollars in unfunded pensions. Senator, who, pray tell, is going to pay that??? Tell you what, you fix the public sector retirement fiasco bringing the economy to a screeching halt, no, not to a halt, but to a Greco, not the artist, type collapse and I might even be willing to support another bailout to a class of people who are undermining our way of life with their progressive rhetoric. Nah, that'll never happen. You think government spending is the answer to everything and I will never agree to the progressive socialist agenda.

Finally, when will you in Washington get the message! Money, especially money that is not yours, or even in existence yet, is not going to fix this problem. When you in Congress regulate our lives into "From each according to his ability, to each according to his needs" you are forcing mediocrity upon us all. I am not going to work harder to ensure everyone has a government teat to hang on. If you doubt this is occurring please reread your leader's very frank statement to Joe the Plumber, "It's not that I want to punish your success (insert "but I'm gonna)," Obama told him. "I want to make sure that everybody who is behind you, that they've got a chance for success, too. My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody. I think when you (replace with "I") spread the (replace with "your") wealth around, it's good for everybody."

With the respect due the Office,

Edward Rodda

*http://www.caldercenter.org/PDF/1001071_Teacher_Pensions.pdf, taken 05/15/2010

Sunday, May 9, 2010

"ALLAH AKBAR!" Says The Regime Leader ( Or So It Appears)


To My Esteemed Readers (all two of you...),

Even though this video is heavily edited it still brings up some serious questions. If you have ten minutes, here is our elected ruler explaining not to us, but to Arabs, how "Muslim" the United States is and how it has always been that way. You ask your own questions, rhetorical and otherwise, and tell me if you don't get just a wee bit concerned.

With all of the angst our government put us through over how we label Islamic Terrorists, i.e., man made disasters, one wonders what is behind it. One thing Obama didn't say the Quran states is "We shall cast terrror into the hearts of those who disbelieve...", Chapter 3, verse 150. Maybe this is why.

Friday, April 23, 2010

A Knee Jerk Reaction to the Arizona Illegals Law...(Ya' Think!)

I wrote a fairly long letter to Mr. Obama and then found out it had to be pared to 2500 characters. I removed all the really big words so this might sound a bit disjointed...

To my esteemed elected rulers,

My, my, my, it appears a nerve has been struck very hard by an upstart state taking exception to our federal government's open border policy. Taking a quote from our regime head "Our failure to act responsibly at the federal level will only open the door to irresponsibility by others. That includes, for example, the recent efforts in Arizona, which threatened to undermine basic notions of fairness that we cherish as Americans, as well as the trust between police and their communities that is so crucial to keeping us safe."

How is it when our federal government fails to act responsibly those who perform those responsible acts are classified as irresponsible? Let me see, the federal government is responsible for maintaining border security and does not, therefore the "citizens" of Arizona are requiring the state to perform cleanup causing the progressives to scream "profiling" and vilify the state legislature. How convenient! If the illegals had been stopped at the border the "profiling" would have been any creature with two legs and two arms climbing down the fence. OOPS, my bad. Another responsible act by the federal government gone by the wayside, no fence.

Yes, it is too bad Hispanics are going to take the brunt of this law caused by the unwillingness of the federal government to uphold the law, but they must understand the search will not be for blonde haired, blue eyed, pale skinned people who speak with a Scandinavian accent. This would be absurd. Those who are citizens or living in the United States legally understand decades of illegal cross border traffic is going to have its' consequences. Speaking from personal experience this is an uncomfortable position to be in but it is a necessary action.

Hey! She just signed the bill! Now the progressives have exactly what they want, a discriminatory bill requiring immediate action by Congress to be signed into law at the earliest possible moment to correct this injustice. Sad but true, these people are here illegally and the law making it illegal to be here illegally is going to be found illegal. And why you might ask, to restock your dwindling voter base, of course.

You rulers in Congress and the White House will continue to find new and interesting ways to remove more of my hard earned money and give it to those who will vote for you next election cycle. And now you will be able to stuff the ballot box with brand new voters.
Edward Rodda

Tuesday, April 13, 2010

Another Letter Sent From Heart, Another Computer Generated Answer...

Readers, again supposing I have any, if there was any question a computer is running Senator Nelson's office, let me put it to rest. My recent tongue-in-cheek email regarding my purported mortgage problems and my follow on email regarding government's responsibility in the mortgage crisis has been answered by a ... You Make the Choice.

Dear Mr. Rodda:

Thank you for contacting me about the Making Home Affordable program.

I believe foreclosure prevention is a crucial component to economic recovery. That’s why I voted for S.896, the Helping Families Save Their Homes Act of 2009, which provides strong incentives for the creation of voluntary mortgage modifications. Mortgage modification can help hard-working families stay afloat and preserves billions in equity for neighboring homeowners.

The Making Home Affordable Program furthers efforts aimed at preventing foreclosure by allowing borrowers to lower their mortgage payments through refinancing or modification. This program was designed to help 3 to 4 million at-risk homeowners avoid foreclosure. But I am concerned by reports that fewer than 6 percent of eligible homeowners have been able to obtain new loans through the program because of actions by the financial services industry. I will continue to work with my colleagues to pressure the banks we’ve been asked to bailout to do more to help homeowners through this crisis.

To find more information on the Making Home Affordable Program, please visit the website www.makinghomeaffordable.com.

I appreciate learning of your particular circumstances and the challenges you face. I’ll keep your situation in mind as we debate measures aimed at helping Americans who are struggling in these difficult times. Please don't hesitate to contact me again.

Sincerely,
Senator Bill Nelson

And my reply... You would think I would get tired of this!

Senator Computer,
Thank you for your reply to my letter regarding the financial crisis you in Congress have put us in by forcing lenders to provide mortgages to people who have a history of poor credit choices (please see my email I sent on the 2nd of April). It is obvious by your response you have a lot of things going on in that micro, and I do mean micro, processor of yours. I hope you are able to overcome the overload going on in between those memory sticks. Perhaps if you would have a human read my email instead of you trying to perform word association you would understand the point I am trying to get across to you.

In closing, tell your programmer I am not pleased with his performance in the Senate and plan to reformat him as soon as possible. I would recommend you start looking for a Reagan Conservative to plug your firewire into. I imagine he/she will have tons of memory and come preprogrammed with the "right" answers to bring about the rebirth of the Union in the spirit of our Republic's Founders.

With the respect due a computer (or a teleprompter),
Edward Rodda

Saturday, April 10, 2010

Maybe If I Start Writing Before They're Elected...

I went to Marco Rubio's website to see what direction he is headed in and found an interesting tax idea from Mr. Rubio so I emailed his campaign site a question...

I read in Mr. Rubio's biography he is in favor of a flat consumption tax. I perceived this was some sort of VAT and researched. I found an article by author: Marina Kesner-Škreb, Financial Theory and Practice, 2005, 29 (2), 205-208, stating the flat consumption tax (FCT) taxed net earnings of corporations only and incomes of individuals at a flat rate. It also did not tax earnings from interest or dividends. Is this the (FCT) Mr. Rubio was/is interested in bringing into fruition? In addition, as 47% of Americans have now been weaned off of paying taxes how does Mr. Rubio intend to bring those people back onto the tax rolls and bring "fairness" back to us left paying for National Defense and promoting the general "WELFARE"? In closing, if you are interested in more of my views, and those, I am sure, of other taxpaying citizens, please check out my blog at www.musings-of-a-concerned-american.blogspot.com. Don't be surprised to see this letter and your answer posted.

Respectfully,
Edward Rodda

Friday, April 2, 2010

Two Headed Answer on Mortgage Regulation...

Readers, if there are any... If you believe a human reads the letters to a senator check out the computer reply to my tongue-in-cheek mortgage letter. And read it real close... Tell me he doesn't say what progressives and conservatives want to hear.

Dear Mr. Rodda:

Thank you for contacting me about regulatory reform to the mortgage industry.

I support efforts to better regulate the mortgage industry, as I believe the current housing crisis stems from a lack of regulation on an industry that ran amok. From predatory lenders to land speculators to questionable appraisal practices and risky investments by Wall Street investment banks, we need to address all aspects of this crisis.

But I understand concerns about the impact of new regulation on the housing market. We must guard against excessive regulation, while providing the necessary measures to stabilize the market. I am open to new ideas that protect consumers, promote high standards in business, and discourage companies from acting in bad faith.

Thank you for sharing your thoughts. I'll keep your concerns in mind as we continue to work on legislation aimed at curbing foreclosures, cracking down on predatory lending, and regulating the mortgage industry. Please don't hesitate to contact me in the future.

Sincerely,
Senator Bill Nelson

And my reply...

Senator,

Allow me...

The term "subprime" refers to the credit characteristics of individual borrowers. Subprime borrowers typically have weakened credit histories that include payment delinquencies, and possibly more severe problems such as charge-offs, judgments, and bankruptcies. They may also display reduced repayment capacity as measured by credit scores, debt-to-income ratios, or other criteria that may encompass borrowers with incomplete credit histories. Subprime loans are loans to borrowers displaying one or more of these characteristics at the time of origination or purchase. Such loans have a higher risk of default than loans to prime borrowers. Generally, subprime borrowers will display a range of credit risk characteristics that may include one or more of the following:

•Two or more 30-day delinquencies in the last 12 months, or one or more 60-day delinquencies in the last 24 months;

•Judgment, foreclosure, repossession, or charge-off in the prior 24 months;

•Bankruptcy in the last 5 years;

•Relatively high default probability as evidenced by, for example, a credit bureau risk score (FICO) of 660 or below (depending on the product/collateral), or other bureau or proprietary scores with an equivalent default probability likelihood; and/or

•Debt service-to-income ratio of 50% or greater, or otherwise limited ability to cover family living expenses after deducting total monthly debt-service requirements from monthly income. [1]

Senator, would you lend YOUR money to someone in this category???

Or how about...

In 1982, Congress passed the Alternative Mortgage Transactions Parity Act (AMTPA), (AMTPA also stands for "Another Mortgage for Tax Paying Americans"-my remark), which allowed non-federally chartered housing creditors to write adjustable-rate mortgages. Among the new mortgage loan types created and gaining in popularity in the early 1980s were adjustable-rate, option adjustable-rate, balloon-payment and interest-only mortgages. These new loan types are credited with replacing the long standing practice of banks making conventional fixed-rate, amortizing mortgages (which worked quite well-my remark). Among the criticisms of banking industry deregulation that contributed to the savings and loan crisis was that Congress failed to enact regulations that would have prevented exploitations by these loan types. Subsequent widespread abuses of predatory lending occurred with the use of adjustable-rate mortgages. Approximately 80% of subprime mortgages are adjustable-rate mortgages.[2]

Tell me again, who caused this???

Or how about...

In 1995, the GSEs like Fannie Mae began receiving government tax incentives for purchasing mortgage backed securities which included loans to low income borrowers. Thus began the involvement of the Fannie Mae and Freddie Mac with the subprime market.[3] In 1996, HUD (Gee, a government agency-my remark) set a goal for Fannie Mae and Freddie Mac that at least 42% of the mortgages they purchase be issued to borrowers whose household income was below the median in their area. This target was increased to 50% in 2000 and 52% in 2005.[4] From 2002 to 2006, as the U.S. subprime market grew 292% over previous years, Fannie Mae and Freddie Mac combined purchases of subprime securities rose from $38 billion to around $175 billion per year before dropping to $90 billion per year, which included $350 billion of Alt-A securities. Fannie Mae had stopped buying Alt-A products in the early 1990s because of the high risk of default. By 2008, the Fannie Mae and Freddie Mac owned, either directly or through mortgage pools they sponsored, $5.1 trillion in residential mortgages, about half the total U.S. mortgage market.[5] The GSE have always been highly leveraged, their net worth as of 30 June 2008 being a mere US$114 billion.[6] (Wow, 114 billion covering over 5 trillion in debt, that would be about 2%. Not many traditional banks would let the average borrower get away with that-my remark.) When concerns arose in September 2008 regarding the ability of the GSE to make good on their guarantees, the Federal government was forced to place the companies into a conservatorship, effectively nationalizing them at the taxpayers' expense.[7]

So tell me again, Senator!! Who caused the problem???

In closing, I have been "schooled" by personnel in your office regarding government spending on several occasions so the above is a return of the favor. In your endeavor to provide mortgage backing to those who are less than qualified you progressives have caused the financial meltdown of our economy. You forced lenders to make loans with minimal or no regard to their ability to repay. Then you allowed the lenders to sell off the mortgage as a security which freed up the same lender money to use again. This cycle continued until, well, you know the end. Senator, you were wrong, you are wrong, and come 2012 you and the teleprompter reader in the White House will be gone and we, the taxpayers, will be left with the mess.

With the respect due your Office,
Edward Rodda

[1]http://www.fdic.gov/news/news/press/2001/pr0901a.html

[2]Jon Birger (Published: January 31, 2008). "How Congress helped create the subprime mess". CNNMoney.com. http://money.cnn.com/2008/01/30/real_estate/congress_subprime.fortune/.

[3]Leonnig, Carol D. (June 10, 2008). "How HUD Mortgage Policy Fed The Crisis". Washington Post. http://www.washingtonpost.com/wp-dyn/content/article/2008/06/09/AR2008060902626.html.

[4]http://online.wsj.com/article/SB122298982558700341.html

[5]http://www.federalreserve.gov/releases/z1/Current/z1r-4.pdf, Table L.124, line 16; L.125, line 2.

[6]http://www.federalreserve.gov/releases/z1/Current/z1r-4.pdf,Table L.124, line 1 - line 21

[7]All taken from: http://en.wikipedia.org/wiki/Subprime_mortgage_crisis

When the Feds Don't Listen... (03/22/10)

Senator Bullard,
I am writing you as a concerned citizen of your district. I have written my federal representatives in Congress on numerous occasions regarding the takeover of health care by the federal government and get the party line in return. I have called and been "schooled" by someone half my age! In any case, I understand our State Attorney General is filing a suit against the bill as soon as it is signed into law. Regardless of your opinion of the bill, soon to be signed into law, I would like to know how I can help in this endeavor. Senator, I am a Navy veteran and have been in and near countries where governments do not listen to the people who elected them. Are you listening Senator? I refuse to pile these costs onto my child. I refuse to pay for entitlements neither earned nor deserved. I refuse to believe Americans have drifted so low as to stand with hand outstretched and rely on the Federal Government for their daily bread. Are you listening Senator? I see you were a community activist also. Were you cut from the same cloth as President Obama and his just now "proud of America" wife? Do you believe it is the federal government's responsibility to coddle from the cradle to the grave? Notice the unborn are not in the list? They are going to be covered by a Presidential Proclamation!

But I digress... I again ask, is there anything I can do as a citizen of your district to help in the striking of this law prior to November, when repealing it becomes an option?

With the respect due your Office,
Edward Rodda

Friday, March 12, 2010

A Little Tongue in Cheek...

Senator Nelson,
Just a quick note to tell you how much I appreciate you taking the worries out of my life. I was worried about health care but you are going to tax all those horrible rich people so that I can live without concern. I had been on Medicaid, but the wait time to see a doctor for free is ridiculous. I can't wait to get my entitlement check to pay for health care I deserve just like all the other folks. Also, I was watching the news and I saw New York is going to force those horrible rich restaurant owners to stop using salt to help people eat better. I can't wait until you start looking in to this throughout the United States. Then I will know the government is really concerned about my well being and wants to make sure I live for a long time.

Another area I was worried about was how I to pay off all my credit card debt, but then I found out credit card companies would let me off the hook and pass my debt on to those horrible rich people who are still paying their bills. The company I dealt with told me to stop paying any money at all to force the mean rich people running the credit card companies to take pennies for what I really owe. You know what? It really worked! I heard you are also trying to make sure those horrible rich people running the credit card companies don't take advantage of my inability to control myself from now on. Thanks to you and President Obama for protecting me.

A while ago you helped me by protecting me from the mortgage companies who lent me almost 900,000 dollars for my house in Cape Coral at 5341 Majestic Court back in 2006. I was able to walk away from that house with hardly any problems due to your protection of us poor homeowners who were tricked into taking mortgages which had adjustable rates. The mortgage company was really nice when I first showed up, I didn't even have to show them too much paperwork, which was a good thing as I am not real good at keeping track of things like that. I really didn't understand what adjustable rate meant but I as I only wanted to hold onto it for a little while so I could make a few bucks it didn't seem like a big deal. I was just barely making the monthly payment when those horrible rich people started complaining about some housing bubble that was getting ready to burst. When I tried to sell the house I couldn't find a buyer and then those mean horrible rich people at the mortgage company started calling me and letting me know the ARM was getting ready to balloon. It just seemed to me they were only trying to twist my arm to get more out of me and people like me. If you would like to know, after I walked away from that house it sold for only 156,000 dollars in 2008. I really stuck it to those horrible rich people at the mortgage company, didn't I? Trying to get me to pay almost 900G's for a house that wasn't worth a quarter of that; how dare they! I know you don't believe me but check out my house address in Cape Coral on the Tax Man's website; another horrible rich guy who was trying to get more than he deserved. I think the parcel number is 18-45-24-C4-00026.0210.

I could go on and on about all the ways you are trying to make sure I make it through my life without any cares. I could talk about how you are trying to protect the planet from the horrible energy people or how you are protecting the rights of people who don't like us and have inadvertently killed Americans while trying to voice their opinions under The First Amendment. I guess I just want you to know you can count on me to keep voting Democrat as long as you keep ensuring my well being.
Sincerely,
Edward Rodda

P.S. Okay, I have health insurance I pay for, and I don't have credit card bills, and I didn't own the house personally... It doesn't change the outcome. You keep smoothing people's self inflicted problems out, they keep voting for you. That plan cannot fail until the people paying the bills decide to stop paying the bills. I wonder how close we are to that point, Senator???

Wednesday, March 3, 2010

He Said, She Said... (Sort of)

Dear Mr. Rodda:

Thank you for contacting me regarding the Supreme Court decision on campaign finance reform in Citizens United v. FEC. Many people believe that by striking down the limits on corporate spending in elections, the nation’s High Court has opened up our political system to dominance by moneyed special interests.

I entered public service back in the 1970s, and I don’t think I’ve seen a court decision with the potential for such far-reaching effects on our elections. So-called third-party groups, financed by corporations that tend to run negative and misleading TV ads, will be positioned to overpower the voices of average voters. Though the decision deals with Federal races, I’m sure we’ll see challenges mounted to State and local election spending limits, too.

I think there’s a real chance that Congress will act to put some reforms back in place. Please know that I will keep your views in mind should the Senate vote on this issue.

Sincerely,
Senator Bill Nelson

Senator,
In your reply to my email regarding your attempt to curb free speech you state the ads wil be "...financed by corporations that tend to run negative and misleading TV ads...". My question to you is Senator, who determines the negative and misleading part? Is it you senator, you, who are determined to ram health care down the throats of your constituents regardless the majority of Americans are against your plan, you, who spends our tax dollars on bailouts and pork barrel projects, you, who believes the more people there are on some entitlement the more votes you will garner come election time? Or is it the American people who should determine what is negative and misleading, what is right and wrong, what is best for our country?

No Senator, there is a fundamental difference between us, I want to do the best I can with my life helping others as I go, you want enslave people with the yoke of entitlements to protect your class's existence. Senator, government is not here to ensure people can eke out an existence relying on the benevolent hand of the ruling class, giving to those who agree and retracting it from those who believe otherwise. Government is here to ensure God's gift of life is used to the fullest with the freedoms guaranteed by the Constitution!

With the respect due the Office,
Edward Rodda

Friday, February 12, 2010

The First Amendment... Only for the Ruling Class?

Senator Nelson,

For the purposes of this discussion we need the definition of two words.

(1) Lobbyist- Someone who is employed to persuade legislators to vote for legislation that favors the lobbyist's employer.

(2) Commercial- A paid announcement produced for targeted audiences to sell products or ideas.

As my elected officials prepare to block the latest Supreme Court ruling on free speech I must raise my hand with the following question in mind... Have you completely gone over the edge? Your fearless leader has lobbyists running around the White House telling him what each of the special interest groups want him to do. A word smith lovingly builds a moving argument and loads it into a teleprompter. A button is pushed, and presto, the man who has become a puppet eloquently pours those words into the ears of his fellow citizens hoping to change our "opinion". In essence, your leader has become the most powerful lobbyist to have ever been born.

Now, you in the Senate have decided what is good for the goose is not good for the gander. You have developed a bill to block the free speech of a group of citizens who have formed a corporation and wish to make paid political commercials to present their views. Somewhat like a lobbyist except the doors are open and the smoke has cleared. You believe we are not smart enough to see through the "commercial". You believe we will go out and vote for whatever because we are "Cuckoo for Cocoa Puffs". You believe you are more worldly than us and wish to protect us from differing ideas. You believe we might become confused, disheartened, maybe even downright disgruntled when presented with an opposing viewpoint.

Senator, as a retired Navy chief I have been around the block more than a couple times. I have seen what happens to a country when the government controls its people instead of the people controlling the government. The muzzling of differing ideas in a public venue while allowing the ruling class access to the information from essentially the same people is not just being hypocritical, it is being truly pharisaical. In truth, your attempt to block the recent ruling by the Supreme Court by legislating the silence of American citizens is the first step in totalitarianism.

With the respect due the Office,
Edward Rodda

P.S. Perhaps a couple more definitions are in order...

Pharisaical- Hypocritically self-righteous and condemnatory.

Totalitarianism- A centralized government that does not tolerate parties of differing opinion and that exercises dictatorial control over many aspects of life.

Thursday, January 21, 2010

Ripped This Off of Youtube Before They Killed It...

It is too important a message to be lost. Sooner or later Washington will have to listen... to our voices, our votes, or our missing tax dollars as they strive to complete their utopia. Wonder which it will be???