Senator Chris Dodd Darling of Wall Street

I have taken excerpts from an article written by Andrew Miga of the Associated Press from his headline: "Dodd taps Wall Street for re-election."
I have added my own opinion along with the excerpts from the Associated Press story.

The Associated Press reported today by Writer Andrew Miga that "Wealthy Wall Street Executives may be outcasts to some Americans,but not to Democratic Senator Chris Dodd." ...The Senator is Chairman of the Senate Banking Committee and is begging for dollars. He is in a tight race in his home state of Connecticut.

Senator Dodd a five term Senator, has raised One-Million Dollars;$100,000 in the first three months of this year from Political Action Committees (PACS) from Financial,Insurance,and the Real Estate Organizations. Some of his donors include:
American Insurance Association, Mortgage Bankers Association, Vanguard, Oppenheimer Funds, Charles Schwab, The Real Estate Roundtable, and Ameriprise Financial and I am sure more PACS will donate. Dodd Raised $609,000 from individuals from companies Fidelity group, Citigroup, Citizens Financial,among the larger donors.

From Residents of his home State of Connecticut he raised a meager $4,250.00! WOW!,what does that say about Chris Dodd at home. He is the guy who will block any effort to limit credit card interest rates to 10% nationally, he is the Senator who will block pro-consumer efforts to eliminate costly ripoff fees and surcharges on your credit cards.

To all those who care, its time for Senator Chris Dodd to retire, even if it means a Republican will be elected in his place.
Contact the Senator and tell him you want Credit Interest Rates capped and limited to 10%. No surcharges on bills and no over the limit fees, and limit late fees to not more than $10.00 per payment period, along with a 7 to 14 day payment grace period for all credit card holders and users.

Remember CASH IS KING, USE PAYPAL, if your supplier doesn't use paypal, suggest they begin using Paypal, or buy from another supplier.

Go Phillies

Shame on the UAW!

Well, Their you have it! The UAW has rejected the stipulations set by the Senate for the dollars needed to keep the "Legacy" American Auto Industry on life support. Since the UAW refused to agree to the Senate plan.

I propose the Big Three meet their financial metrics by cutting 60% of the employment base.
Here is an example: 1,000 workers earning $75.00 an hour, well, cut it to 400 workers earning $75.00 a hour, discontinue product lines, and spin-off other product lines as independent companies, such as SATURN and PONTIAC.

$75.00 x 1000 employees= $75,000.00
$75.00 x 400 employees = $30,000.00
The UAW membership retains the current wages at the detriment of the other 600 fellow Union members.

Here is a suggestion: Take the 50% pay cut and be fortunate you still have a job or continue to be stubborn and lose your job and your home, your car etc.

I own a Saturn ION, its my third Saturn vehicle. This version of my ION II, cost me more money and offered me less extra's, It also runs poorly and its a 2007 model.

My next car will be a "HONDA Hybrid!"

I will not support the American Three from this day forward: GM, Chrysler, and Ford.
You can bank on that .

Go Phillies

WOW! BEEN A LONG TIME

Hello Everyone:

We have a New President: Barack Obama, Yeh Baby!
Now for the good stuff, Gasoline will hit .99 a gallon by Spring, maybe sooner!
The Senate will not bailout the "BIG THREE", say hello to Bankruptcy!
I believe, Congress should force GM & Chrysler to merge!
I believe, GM should spin off Saturn as an independent car company!
I believe, The Big Three needs to introduce fuel efficient cars in 2009, not 2012.

When you hear the politicos, crying that we need an American auto industry, we do have an American auto industry, Honda, BMW, TOYOTA, etc, they all have US plants, Cars are built here in the USA. Do we really need to keep GM, Chrysler, and Ford limping along? I don't think so!!!

Hey check out my new website: www.lumberkings.biz

Take a look at my latest T-shirts!

Have a great day and GO PHILS!