From what I’ve read about this man it appears that Kreuger got himself entangled with governments by issuing loans for monopoly status for his firm. Kreuger had to keep up the fraud because the governments he was in cahoots with defaulted on their debts. If anything this a cautionary tale of mixing business with politcs.

As far as I can see, Hoffman earned his money legally and without government “help”. Before Kreuger got himself in trouble, he had a legitimate business. The comparison between Madeoff and Obama is to me inaccurate. Madeoff’s “business” was never real in the first place. It was a fraud from day one. The president has never worked anywhere in the private sector. He went from academia to government. He doesn’t know how to earn money and doesn’t know what it takes to earn it.

Any business that goes to government for favors is courting disater. It’s a no win situation no matter what. Just look to my former employer Bank of America. The CEO, Kenneth Lewis is resigning. And the bank is up on federal charges regarding the Merrill Lynch deal. Even though the government insisted the bank buy the bankrupt firm with TARP funds. Go figure.

Don’t get me wrong, I am no fan of the GOP right now. I was actually considering sitting the election out rather than vote for McCain, until he brought on Sarah (LOVE HER). But I would rather compare the Republican party to a child. A child who is being taken away from me (the parent) by people who want to indoctrinate her with beliefs and principles different from mine. They want to diminish or completely eliminate my influence on her. I am not just saying “No” to that, I am saying “Hell No.” I want to take back my child/party from the people who want to destroy her. So while I would vote for Sarah no matter what party she belonged to, I admire her more for helping us get our party back on track.

I would point out that the fascists did not create a third party, but rather took control of the Democrat party. The liberals are now taking the Republican party over for themselves. I want to change that.

On a totally different note, I would like to chime in on the “pot pie” vs. “cow pie” vote. I have a third option for you to consider. Since you are always talking about the kind of crack people in Washington are on–may I suggest a “crack-pot pie?”

Love you Tammy. Keep up your good work, and good for you for taking Saturdays off.

What America has done is to steal the worlds savings through “borrowing” at such a rate that soon all the taxes collected will be insufficient to pay the interest. Even now, foreign countries see the insatiable appetite for spending that our polititians have, and counter it by diversifying into other currencies or commodities. We have begun to squander our our status as having the most stable and universal exchange currency, by diluting the perception of real value through massive money printing aka: “quantitative easing”. This will eventually bring about massive inflation as those who use dollars suddenly have no need for them, and rush to the window to redeem them for what ever they can get for them. We are in a true “Catch-22″ situation here. We will soon be unable to borrow, so we will have to offer more interest, to borrow more of the worlds savings. As we raise interest rates to borrow, the revolving debt of the Federal government increases, and we rapidly diminish our ability to pay the interest, while we have to offer even higher interest in order to keep borrowing. If we continue to print the difference, inflation goes out of control, because the inflated dollars will compete with the repatriating dollars that flood in and compete to buy whatever tangible asset it will buy.

This speaks to Maynard’s premis. There are those who have had such a track record investing in America, and allowing us to hold their savings, that even though the signs of collapse are gathering like a storm, they can’t see it or they don’t want to see it, or they think somehow our people will be able to sort it out, or they are just in too deep. They continue to feed the scheme, or the fraud, hoping it is not really a fraud.