Tag: Saxby Chambliss

Austin Rhodes Political Theories Not from Einstein

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“Insanity is doing the same thing over and over again but expecting different results.”
– Rita Mae Brown , but frequently attributed to Albert Einstein

The last time Saxby Chambliss’ Georgia seat in the US Senate was contested, it was by Democrat Jim Martin in 2008. The general election ended in a run-off. This writer, normally a Republican and fanatically conservative, endorsed Jim Martin out of sheer fright of the damage “Taxby,” as he is known in Georgia, might do with another term. After all, Chambliss had voted for the now $17 trillion Medicare D unfunded liability, the Patriot Act that took our constitutional rights, and a smorgasbord of outrageous government spending.

None of that mattered to Augusta radio talker Austin Rhodes. There isn’t a smidgen of independence in his body when it comes to partisan politics. There is no “Republican” too objectionable to be supported to the hilt. Humorously, there is a Georgia prison system that has come to house many of his favorites. When it came to voting for Martin, Rhodes yammered about how important it was to vote for the “conservative” Chambliss for the sake of avoiding the dangerous liberal Supreme Court justice appointments Democrat Martin might vote to approve and all of the perils that the “liberal” Martin might engender.

Chambliss won.

Oops! Chambliss voted for the nomination of John Roberts to be the Chief Justice of the United States Supreme Court. Roberts voted for Obamacare, the greatest Republican-feared monster ever.

Read that one slowly. The “conservative” Austin wanted and got to avoid disastrous liberal court decisions voted for the Justice delivering the biggest liberal program that could be imagined!

Sadly, the damage that the GOP establishment clown Taxby would go on to inflict will likely result in the financial collapse of America! Chambliss was the ranking member on the Agriculture Committee when the chance came to reform the colossal $400 trillion financial derivatives markets that caused the 2008 Lehman Brothers collapse. Derivatives were the biggest problem, because these insurance “contracts” where written without the reserves required by every state insurance commissioner and didn’t keep enough money to pay off the contracts when they became bad gambling debts. This came from a Saxby Chambliss vote in 2000. Worse than that, they were made even better than our money in the banks by a worse Chambliss vote that allowed mixing of the bad gambling debts with insured bank deposits!

Readers probably understand that they can call their insurance agent to place a binder on insurance for their new car. However,those binders cannot be deposited and spent . That requires a cash transaction. They aren’t “money good”. Well, in the panic of 2008, $10 million increments of insurance binders/derivatives/gambling bets were being made whole at taxpayer expense with the bailout of AIG.

$10 million or more in our money went to reimburse a phone conversation memo? Most employees cannot get $250 travel costs paid with no receipts!

Jim Martin would never have been in a position to correct these catastrophic errors. Saxby/Taxby was as the ranking member of the Agriculture Committee. Did he demand that no longer could phone calls cost taxpayers $100’s of billions in total? Watch this for yourselves.

There you have it. There are more derivatives now than in 2008 and they can still be a phone call, thanks to Saxby Chambliss.

Now, in 2014, Austin Rhodes is still hawking US Senate candidates based upon their party affiliations, citing possible court nominations and legislation.

This writer is with Austin in supporting Republican David Perdue, having campaigned for him to the hilt in the primary season.

Perdue or even Democrat Michelle Nunn are far more capable than the retiring Chambliss.

Let’s hope this time Austin has it right, even if the reasoning isn’t sound by Einstein standards.

(Editor’s Note: The above installment of the Washington Journal is included for context in a journalistic/ educational discussion. The use of said content is covered under Fair Use and with respect to C-Span, and is embedded hereby for the public good in this respect.)

Hushing the Racket from Dr. Phil (Gingrey) and his DICK Quartet

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It’s springtime in Georgia, but this spring there are a lot of things blooming in the red state of Georgia besides the redbud trees, and like this redbud tree, the true colors are beginning to show a tinge of blue, for good reasons.

The state might be in the heart of the Bible Belt, but its movers, shakers, and polydamnticians have most of us, the citizens, remembering that the place started out as a penal colony of thieves, con artists, petty pirates, embezzlers, and more than a few whores. Our holy rollers in banking managed to make Georgia #1 or #2 in Mortgage Fraud for 5 years running from 2001 to 2005 on the way to the national championship of bank failures 7 years later. 11000 real estate appraisers warned them. (Video cites a conservative 2200.) You’d think somebody would be embarrassed.

Undaunted by their humongous failures and emboldened by chilling thoughts of losing their second homes in Highlands, the financiers turned to the mother’s milk of government bailouts and protection rackets. While they were at it, they dressed all the rest of us in milk-bone pajamas in this dog-eat-dog world they created. You reckon they thought we wouldn’t notice?

Over under that gold dome in Atlanta, their puppet chairmen of the House and Senate Banking Committees – both of whom headed failed banks – kept those pesky credit unions owned by the people at bay. We can be sure they were in church on Sunday – that is a Georgia law for politicians, after all. Now, one of their pawns, Donna Sheldon, is running for the United States Congress in the 10th District, after sitting on her duff on the Georgia House Banking Committee or actively countering the reformer, Senator Jesse Stone of Waynesboro. We’ll talk over more about her later.

Over yonder is US Representative Paul Broun, who vacated the seat Sheldon is drooling over, whose family owned a failed bank. He is looking to replace Saxby Chambliss, a guy who so brilliantly defined $trillion bank derivatives as mere phone calls after his committee was charged with reforming banking. Saxby had a motto, “Wall Street Money for Free, be on the First Tee by Three!”

Yes, we can bank on our Republican leaders in this state for rollicking fun and entertainment at our expense. Let me introduce you to Dr. Phil (Gingrey) and the Deal, Isakson, Chambliss and Kingston quartet. Phil and the DICK gang voted for such fiscally responsible triumphs as Medicare D, No Child Left Behind (before Phil), highway and farm bills. Before Phil came, DICK voted to allow banks to gamble with depositor’s money with no reserves and to book those bad gambling debts to be paid back first before depositors. Old Milhous Nixon himself wasn’t this tricky.

Now you think it is ugly to call these bozos DICK, but they got the ball rolling when Deal and Isakson became a tag team 4 years ago. Chambliss is escaping the boot he was about to get, but that old pork barrel spender Kingston is out playing the churches in an old woodie like a 2014 model Pharisee.

For us a frugal folk there isn’t much deciding to do. Let’s pack Dr. Phil and the DICK quartet off to a doublewide in Ludowici to play the pornography derivatives market and send the capable David Perdue and Karen Handel into the US Senate runoff. Do it for yourselves and the kids.

Please, don’t forget a lifelong conservative Republican Protestant who doesn’t really want you to force him into a Chilly November date with a Nunn.