Sen. Kay Hagan Wants to Replace Fannie and Freddie with Another Government Agency

When I read that Senator Kay Hagan wanted to rid the country of GSE’s Fannie Mae and Freddie Mac, I couldn’t believe it.  A Democrat wants to abolish a quasi-government agency?  This is practically unheard of.  Here is a quote from the Charlotte Business Journal:

“For too long, Congress has ignored our broken housing finance system,” Hagan said in a statement Tuesday. “It is time we come together, Democrats and Republicans, to resolve this problem. This bipartisan bill provides an important road map for strengthening our housing finance system and protecting taxpayers while ensuring access to affordable, long-term mortgages for consumers.

“I look forward to working with my colleagues to advance this bipartisan legislation that will put our housing finance system on a stable path.”

And

“Fannie Mae and Freddie Mac continue to dominate the housing market — guaranteeing nine out of every 10 mortgages made today,” Hagan's office says in a press release. “Despite this unsustainable situation, real reform to the housing finance has not happened since the financial crisis.”

Incredible!  Finally, Senator Kay Hagan has opened her eyes and sees the light.  But then came the caveat:

The bill would replace Fannie and Freddie with a new government agency, funded by the financial industry, that would offer insurance on approved home loans.

Currently, Fannie and Freddie are in government conservatorship after they faltered in the housing collapse of 2008. They have received more than $188 billion in taxpayer aid, which is being repaid from profits as the housing market rebounds.

So Senator Hagan wants to create another government agency that will end up being corrupted just like Fannie Mae and Freddie Mac.  Unbelievable!  Something must be in the D.C. water.

Source:  http://www.bizjournals.com/charlotte/blog/bank_notes/2013/07/sen-hagan-wants-slow-death-for-fannie.html?page=all

Sen. Kay Hagan's Office Defends Birthright Citizenship

A couple of days ago, I called my two senators, whom supposedly represent the state of North Carolina, on their position of the upcoming immigration bill making its way through the upper chamber.  Both offices gave the same response.  Neither has an opinion because they anticipate many amendments will alter the bill.  Alright, that’s fair.

I stated that the bill being bandied about in the Senate is not true immigration reform, but just another version of the failed Simpson-Mazzoli Act.  Furthermore, the states’ must have the ability to enforce immigration laws, and that birthright citizenship must come to an end.  Besides, what good is border security when the commander-in-chief refuses to enforce current laws?  Senator Burr’s office thanked me for my input.  Senator Hagan’s would have none of it.

Her Democratic aide and I began a spirited debate on the finer points of the 14^th Amendment.  He instructed me that it would take a constitutional amendment to abolish birthright citizenship.  I informed him that the Supreme Court bastardized the intent and meaning of the 14^th, and that only Congress has the authority to set the rules for naturalization; not nine unelected judges.

What surprised me was his response, “The authors should have done a better job of writing the amendment.”  He further stated that only the words matter, not the context for which it was wrote.  Here is the matter of contention in Section One:

All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside. No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

 Senator Hagan’s aide emphasized the first sentence, and particularly ‘the jurisdiction thereof.'  I argue, if birthright citizenship were the intent of the authors, then why didn’t they just write, “All persons born or naturalized in the United States are citizens of the United States and of the state wherein they reside”?  Why didn’t they just leave it at that?  Because, birthright citizenship was not the intent, that’s why.

The 14^th is a post civil war amendment.  It was established to ensure that ex-slaves and their progeny were guaranteed rights of citizenship.  Furthermore, the majority of this amendment was designed to punish the South.  Those who participated in the rebellion were disenfranchised.  They were not allowed to vote, or hold public office.  They were also forced to pay Northern war debts.  I, of course, related the context to which the 14^th was written.  Needless to say, Senator Hagan’s aide was completely ignorant of the true meaning of this amendment.

I have argued before, and will again, that the 14^th Amendment is an outdated civil war relic, and must be repealed.  It has outlived its usefulness, and is currently undermining our federalist system.  If you need any proof of that, just take a look at our illegal alien invasion.

 

Source:  http://www.law.cornell.edu/constitution/amendmentxiv

Senator Kay Hagan Out of Touch With North Carolinians

Senator Kay Hagan is out of touch with North Carolinians. The citizens of this state overwhelming passed a constitutional amendment recognizing marriage as between one man and one woman.  Hagan sees things differently.

Hagan, one of the few Democratic senators who had not voiced support of gay marriage, made her announcement as the U.S. Supreme Court hears arguments on a federal law that denies federal benefits to married same-sex couples.

“I know there are strong feelings on both sides, and I have a great deal of respect for their opinions,” Hagan said in an interview. “But after much thought and prayer on my part, this is where I am today.

“I know all our families do not look alike,” she added. “We all want the same thing for our families. We want happiness; we want health, prosperity, a bright future for our children and grandchildren. After conversations I’ve had with family members, with people I go to church with and with North Carolinians from all walks of life, I’ve come to my own personal conclusion that we should not tell people who they can love, or who they can marry. It’s time to move forward with this issue.”

Does anyone remember the ad candidate Hagan aired on television denouncing Senator Dole for questioning her “Christian values”?  I guess Mrs. Dole wasn’t too far off.  Was she?
 

 

Not only is Senator Hagan out of step on this issue, she forced Obamacare down our throats, and passed a monstrous spending bill that – surprise, surprise – didn’t help the economy at all.  Any thinking person could of, and did warn us of this misguided policy.

It’s time for Kay Hagan to go.  And if it weren’t for the 17^th Amendment, she would’ve already been recalled.

 
Source: http://www.newsobserver.com/2013/03/27/2783263/us-sen-kay-hagan-declares-her.html#storylink=cpy

http://www.christianpost.com/news/north-carolina-gay-marriage-amendment-reactions-to-overwhelming-vote-74628/

Celgard's Green Energy Sales Problem

Don’t look now, but another “green energy” company is having financial problems.  Celgard just announced that 40 workers will be laid off.  I remember in 2010, Congressman Larry Kissell mailed brochures bragging about how much pork he brought to his district.  Celgard was one of the recipients of the Stimulus program.  Here is what he had to say:

"Celgard's expansion and this new green job training is the type of help the RECOVERY ACT was meant to bring and why I'm proud I supported it. Cooperation at levels of government, along with private enterprise, is what will fuel our economic recovery." - Rep. Larry Kissell

The other piglet, Sen. Kay Hagan, also bragged about Celgard on her website.  Here is the end result of wasted taxpayer monies:

Celgard is a subsidiary of Charlotte-based high-tech manufacturer Polypore. In its most recent quarter, Polypore reported that net sales slumped 6.5 percent, to $177.6 million, and profits fell to $14.2 million. That’s down from $23.6 million in profits during the same quarter last year.

Sales of the company’s electric drive vehicle and electronics products fell to $43.5 million, down from $56 million in the same quarter last year. Operating income for the segment was down by more than 50 percent, falling to $10.5 million from $26.5 million a year ago. Lower production levels of electric drive vehicles were cited as the main cause.

Politicians have touted Celgard as an example of a successful clean energy company. Celgard received a $49 million grant from President Obama’s stimulus program, and he made a speech at the company in 2010.

The company also received $18.6 million in state and local incentives to help expansion at its Concord plant. The company opened the 150,000-sqare-foot facility, which it said brought 250 new jobs, in July 2011.

That’s a lot of money this company has sucked from the taxpayer teat.  I wonder how long they’d last without government assistance.  I suspect not long.

Source:  http://www.charlotteobserver.com/2012/11/30/3697792/celgard-cutting-jobs-as-battery.html

http://costonscomplaint.blogspot.com/2010/02/congressman-larry-kissells-fascistic.html

http://insidestanly.com/?p=4742

http://costonscomplaint.blogspot.com/2011/05/senator-kay-hagan-lectures-nation-on.html