Sunday, August 19, 2012

Kicking the bums out.

    
     I always love to here how people say, "we need to vote those bums out of office." The funny part is that the average voter is so eager to get the career politician out of office that "only" 85-90% of congress is retained over the last few elections. Most of those aren't even voted out but leave because of scandal or old age. The reality is that you the voter just aren't going to do the job. That is why one of first things that my administration would do is to put in term limits.
     Do you remember Chuck Woolery? You remember his saying "See you in 2 and 2." That is the next law we would pass if elected. We would place term limits at 2 terms for Senators and 2 terms for the House of Representatives. Do you realize how long some of these guys have been around?

Daniel Inouye 48 years
Orin Hatch 35 years
Nancy Pelosi 25 years...

Harry Reid 25 years
Richard Lugar
 
The issue is that everybody feels that their guy is the good guy and its the congressman in Texas or New York thats screwing everything up. I hate to tell you this but you Rep. is a bum too. Here is a little more on term limits.
 
 
 

Wednesday, August 15, 2012

Dear World

      There are so many people this is directed at and in such a broad context. That I just made this an open letter to the world.
      There are a lot of reason why wars are started but it usually come down to a battle for resources. I think we all know that we are in Iraq because of oil. Don't fool yourself, there are still Americans over there. 3000 advisers are going to be left by the end of 2012 plus a big State Department presence. This is also why the Iran thing is coming to a head. This is why we didn't go into Darfer. There is no oil there.
     So World let me tell you something, you can keep your oil. I don't need cheap gas that bad. Just let our troops come home in one piece and you can keep it. We've grinded these poor guys into the ground the last decade and its not right. I'll pay $8 a gallon if I have to but for the love of God just gives us our guys back. This shit is making my head implode. While we are at it, I don't need a 14 year old Bangledesh girl to make my clothes for .25$ an hour so I can save $1.50 at Walmart. I also don't need Mexican drug cartels to kill local police so my buddies can get high while playing Xbox. We have plenty of oil of our own. We have enough cotton and people needing jobs to make all the NASCAR T-shirts we need. I also bet you we can grow and sell our own weed to.World, you can keep it all and as a Presidential candidate I'll make you a promise. If you don't come in my yard, I won't go in yours.

Monday, August 13, 2012

Bring back Glass-Steagall

I feel one of the first things we can do to fix the economic mess we got into is to bring back the Glass-Stegall Act. You maybe wondering "what in the hell is the Glass-Steagall Act?" The Glass-Steagall Act was enacted in 1933 during the bank crash of the Great Depression. Sound Familiar? In this act the FDIC (Federal Insurance Deposit Corporation) was set up along with other banking regulations. One of the major pieces of regulation was to separate commercial bank functions from securities firms. This basically pushed the dominoes far enough apart where if one fell it didn't knock the others over.
     If you are my age or older you remember when you parents used a home-town bank for their checking and saving accounts. If they wanted to invest in the market, they went to a local broker. When they wanted life insurance, you obviously went to your neighborhood insurance agent. Remember when Visa and Mastercard weren't Bank of America Visa cards or Wells Fargo Mastercards.
     This all changed in 1999 when the Graham-Leech-Bliley Act was passed and signed by Bill Clinton. The final version of this bill passed the senate 90-8, so it was not a Democrat or Republican thing. This was a Wall St. thing. This act basically overturned Glass-Steagall and unregulated the banks. This led to mergers of the big financial institutions like Travelers Insurance with Citigroup and Bank of America with Meryll Lynch. Now you can deposit a check, get a home loan, buy stock, all while shopping at a chain grocery store. This is real convenient but it also pushed those dominoes real close and we saw how that worked out in 2008.
      I feel its time to go back to Glass-Steagall. There should be no reason why my money should get intangled with some traders credit default swap. If you don't believe its happening then ask the former clients of MF Global. Down below are some helpful links if you want to learn more about Glass-Steagall.

http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act#Leach_and_Rubin_support_for_Glass-Steagall_.E2.80.9Crepeal.E2.80.9D.3B_need_to_address_.E2.80.9Cmarket_realities.E2.80.9D

http://finance.laws.com/glass-steagall-act

http://www.encyclopedia.com/topic/Glass-Steagall_Act.aspx

Thanks,
Platt Robertson
Write-in Presidential Candidate