How Much BOA Angst Caused by Illegals?
Apr 22, 2008 Immigration
Early in 2007 bank of America quietly, or so they thought, launched a program to provide credit cards to people who did not have Social Security numbers. These people are typically comprised of ILLEGAL immigrants. There was a huge uproar from many when the cat was let out of the bag and many people refused to do business with BOA. The idea might have seemed like a good one to BOA at the time because they could exploit ILLEGALS but common sense (which is not that common) indicates that this was a risky move because those who broke the law to get here and have questionable earnings might not exactly be very credit worthy. Nonetheless, BOA marched on.
Yesterday it was reported that BOA had a decline in first quarter net income of 77% and that its profit dropped for the third straight quarter as the company set aside over 6 billion dollars for bad loans. I certainly know that some of this (probably most) is related to the housing market and defaults from people who should have never been allowed to borrow money in the first place. However, I have to believe that a portion of their losses is because of the credit extended to ILLEGALS.
Almost all credit companies are having financial trouble and most of them caused their own problems through greed. It is nice to see them suffer a bit for making poor choices with regard to whom they allowed to borrow money. With BOA it is even sweeter knowing that some of their problems are caused by their pandering to ILLEGALS*.
*The idea that some of the problems are caused by ILLEGALS is speculation on my part but it is reasonable to assume that the least credit worthy caused many of these issues.
Tags: bad loans, bank of america, defaults, illegals, write downs
Let’s Help Japan
Apr 9, 2008 Satire
Japan is facing a crisis as its population ages and fewer people are of working age. There are plenty of job openings because there are fewer and fewer people left to take them and it is so bad that Japan is working on producing robots that will fill those jobs. The Japanese hope to fill 3.5 million jobs by the year 2025.
We here in the United States have a problem with ILLEGAL aliens, mostly Mexicans, coming to America and taking jobs. The common mantra is that they take jobs Americans will not do but in reality they are taking jobs that Americans will not do at the wages paid. If the ILLEGALS were not here the market would demand that employers pay higher wages to entice people to do the work.
Why don’t we ship Japan all the help they need? We can send plane loads of Mexicans to Japan where they can get work visas to fill the jobs being vacated by the elderly. This would help us get rid of the ILLEGALS and it will help Japan fill its vacant jobs. It is a win win situation and it has to cost a lot less than building robots. Besides, if there are no workers in Japan, who will fix any robots that break?
I believe that we can help this country and the country of Japan by sending them people who will do the work that the elderly Japanese can’t…
Source:
al Reuters
Why to Reject McCain
Feb 2, 2008 Political
Senator John McCain is clearly the front runner for the Republican nod to go up against the Democratic nominee and polls show he has the best chance to beat either of the two remaining on their ticket. Of course, no polls show how McCain would match up against them if they decided to run as a team. McCain came back from near death to take the lead and this was, in part, because of the boost he received from the media. The media love him as an alternative to their guys on the left because he differs little from them on a number of positions. He would be their choice if they had to have another Republican in the White House.
McCain has tried to put his conservative credentials up front and he hopes that people will buy them. No matter how you wrap up a skunk, it is still a skunk. McCain has been involved in legislation that restricted the right to free speech and strengthen the ability of incumbents to win. He has been involved in legislation that would leave our borders weak but provide a path to citizenship to millions of ILLEGALS. Many tout the bill as amnesty though it looks more like a payoff.
McCain is a war veteran and he is Hawkish on the war. His statement that we would have troops in Iraq for 100 years was probably a realization that we would have bases there after the war much as we do in Europe and Korea. I don’t think he believes we will be fighting that war in 100 years. However, McCain has many issues that have been brought to the forefront but he ignores them or spins them with Clinton like efficiency. To add to his woes, the New York Times has endorsed him on the Republican side though they will no doubt back whomever the Democrats end up nominating. The Times is the intelligence report for terrorists and has been the enemy of the right for a long, long, time.
Today, John McCain picked up the endorsement of the country’s largest Spanish language newspaper. La Opinion endorsed Barack Obama (a blow to Clinton, no doubt) and John McCain. In its McCain endorsement it points to issues that it does not like but they are thrilled by his pro ILLEGAL immigrant stance:
The Arizona senator’s longtime position on immigration would by itself be reason enough to support his candidacy, but there are more reasons why we believe he should win the Republican primary.
His stance on immigration is reason enough to endorse him and that should give alarm to conservatives because this paper rejected Clinton, in part, because of her stance (this week anyway) on giving driver’s licenses to ILLEGALS. John McCain can say he has heard the people and he can tout that he is from a border state and understands the issue but in reality he is an amigo to ILLEGALS and he has fractured the Republican party in Arizona.
John McCain has been pushed upon the public by the media because they would like to see him as the fail safe plan if a Democrat loses. McCain has had weak positions on core conservative values and there is concern as to what he would do as president, especially if the Democrats retain control of both chambers. There are those who say that in order to legislate that you have to reach across the aisle and that is what McCain has done. Unfortunately, he has reached out on the wrong issues. There is a time to compromise and there is a time to stand firm on principles. John McCain abandoned principles a long time ago when he abandoned the POWs left behind in Vietnam.
There are also issues with his endorsements. He spews a long list of Republicans that have endorsed him. I am sure most of them have latched on in order to secure a position in a McCain administration. Rudy and Arnold are looking for jobs with McCain and I can see him making Rudy the Attorney General and Arnold the Secretary of Homeland Security. Many others who have endorsed him are no doubt friends who have served with him in the Senate or who have been involved in some of his antics over the years.
I believe that one needs to look at those who will not have a job with him. Ann Coulter, Rush Limbaugh, Sean Hannity, and countless other conservative pundits see him for what he is and are not happy with the prospect of a McCain presidency. Maybe McCain likes to believe he was a foot soldier in the Reagan revolution because Ronald Reagan granted amnesty to 4 million ILLEGALS (another Kennedy bill) but these people are the real foot soldiers in the conservative movement and we should pay attention to their opinions before taking a decision. Theirs is certainly as informed as the opinions of people jockeying for a job in January of 2009.
Tags: front runner, illegals, liberal endorsements, McCain, reject
Illegals Might Get Rebates
Jan 30, 2008 Political
If it isn’t bad enough that the government is rushing to send out rebate checks when they are probably not needed and not bad enough that they are sending them to people who paid no taxes, the government might also send rebate checks to ILLEGAL immigrants. The bill, as it is written, specifically states that ILLEGALS are not allowed rebates but since many ILLEGALS use false ID to get jobs and to pay taxes, they might end up collecting a rebate.
It isn’t bad enough that they come here illegally and they get jobs illegally but now they might be collecting a rebate check illegally when millions of Americans will not get one. As I stated, I don’t think the rebates are a smart move and I believe they amount to nothing more than a payoff during an election year. Regardless, the government should not be sending checks to ILLEGALS. To top it off, an ILLEGAL who paid taxes but has been deported might have a check sent to his native country. This is insane.
I don’t care that they paid taxes because they came here ILLEGALLY and they obtained jobs ILLEGALLY. As far as I am concerned they should lose what they paid in and be sent home. The problem is that the IRS is not a law enforcement agency (except when it locks you up for not paying) so it has no idea who is legal and who is not.
As an aside, lost in the rebate issue is the admission by Democrats that tax cuts are good and stimulate the economy. Besides being an election year payoff, the Democrats have admitted that giving people back their own money (in this case someone else’s) brings more revenue into the treasury. Nancy Pelosi stated that each dollar of broad tax cuts leads to $1.26 in economic growth and the mere act of giving it back to stimulate the economy shows they know tax cuts are good. I have news for her, this is true even when the economy is good. Lower taxes mean that people have more money to spend.
But we should not be giving it to ILLEGALS…
Source:
The Crypt
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Governor O’Malley will Reward Lawbreakers
Jan 13, 2008 Political
The Governor of Maryland is looking to use a two tiered driver’s license system. One would give licenses to those who are here legally and could be used to board aircraft. The other would issue licenses to ILLEGAL aliens and allow them to drive only.
Governor O’Malley is developing a two-tiered driver’s license system that would provided undocumented immigrants with a separate license. WBAL
It isn’t bad enough this twit has passed a tax bill that raised the taxes in Maryland higher than they have ever been raised in history but now this bottom feeding Governor is pandering to ILLEGALS by rewarding their unlawful behavior. We have to know that they are ILLEGAL or we would not be able to issue them the special license. If we know they are ILLEGAL we should report them to ICE so they can be deported from this country.
I do not want ILLEGALS to get licenses and I really do not care how it affects their families or their lives if they are caught and deported. This Governor is an idiot and the people who voted for him should have their right to vote taken away. I can only hope that the ones affected greatly by his tax increases are eating cat food to survive.
Possession of a second tier license means that the state knew the person was ILLEGAL when it was issued. Therefore, if one of those ILLEGAL jackasses hits someone and causes injury the state should be held accountable and the victims should sue for all they can get. Then we should take the Governor out and cane him.
How is it that the people voted for this idiot and how is it he feels it is OK to reward ILLEGAL behavior? Governor Martin O’Malley is about as stupid as they get and those who voted for him are not any brighter.
Tags: driver's licenses, illegals, liberal idiot, martin o'malley