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Come hear what your candidates for Sheriff, County Commissioner Position 1 and County Commissioner Position 2 have to say about their candidacy and how they plan on making a difference in Wallowa County.

The class will be on Tuesday, October 7 from 6:00 pm – 8:00 pm at the VFW hall in Enterprise.

This is just part of the many free classes offered by American’s For Prosperity. For more info about this group, check out their website in our links section.

Please use this link to read more… http://newsbusters.org:80/blogs/noel-sheppard/2008/09/20/ibd-carter-more-blame-financial-crisis-bush-or-mccain

Section 1. Short Title.

This Act may be cited as ____________________.

Sec. 2. Purchases of Mortgage-Related Assets.

(a) Authority to Purchase.–The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.

(b) Necessary Actions.–The Secretary is authorized to take such actions as the Secretary deems necessary to carry out the authorities in this Act, including, without limitation:

(1) appointing such employees as may be required to carry out the authorities in this Act and defining their duties;

(2) entering into contracts, including contracts for services authorized by section 3109 of title 5, United States Code, without regard to any other provision of law regarding public contracts;

(3) designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them;

(4) establishing vehicles that are authorized, subject to supervision by the Secretary, to purchase mortgage-related assets and issue obligations; and

(5) issuing such regulations and other guidance as may be necessary or appropriate to define terms or carry out the authorities of this Act.

Sec. 3. Considerations.

In exercising the authorities granted in this Act, the Secretary shall take into consideration means for–

(1) providing stability or preventing disruption to the financial markets or banking system; and

(2) protecting the taxpayer.

Sec. 4. Reports to Congress.

Within three months of the first exercise of the authority granted in section 2(a), and semiannually thereafter, the Secretary shall report to the Committees on the Budget, Financial Services, and Ways and Means of the House of Representatives and the Committees on the Budget, Finance, and Banking, Housing, and Urban Affairs of the Senate with respect to the authorities exercised under this Act and the considerations required by section 3.

Sec. 5. Rights; Management; Sale of Mortgage-Related Assets.

(a) Exercise of Rights.–The Secretary may, at any time, exercise any rights received in connection with mortgage-related assets purchased under this Act.

(b) Management of Mortgage-Related Assets.–The Secretary shall have authority to manage mortgage-related assets purchased under this Act, including revenues and portfolio risks therefrom.

(c) Sale of Mortgage-Related Assets.–The Secretary may, at any time, upon terms and conditions and at prices determined by the Secretary, sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act.

(d) Application of Sunset to Mortgage-Related Assets.–The authority of the Secretary to hold any mortgage-related asset purchased under this Act before the termination date in section 9, or to purchase or fund the purchase of a mortgage-related asset under a commitment entered into before the termination date in section 9, is not subject to the provisions of section 9.

Sec. 6. Maximum Amount of Authorized Purchases.

The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time

Sec. 7. Funding.

For the purpose of the authorities granted in this Act, and for the costs of administering those authorities, the Secretary may use the proceeds of the sale of any securities issued under chapter 31 of title 31, United States Code, and the purposes for which securities may be issued under chapter 31 of title 31, United States Code, are extended to include actions authorized by this Act, including the payment of administrative expenses. Any funds expended for actions authorized by this Act, including the payment of administrative expenses, shall be deemed appropriated at the time of such expenditure.

Sec. 8. Review.

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Sec. 9. Termination of Authority.

The authorities under this Act, with the exception of authorities granted in sections 2(b)(5), 5 and 7, shall terminate two years from the date of enactment of this Act.

Sec. 10. Increase in Statutory Limit on the Public Debt.

Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.

Sec. 11. Credit Reform.

The costs of purchases of mortgage-related assets made under section 2(a) of this Act shall be determined as provided under the Federal Credit Reform Act of 1990, as applicable.

Sec. 12. Definitions.

For purposes of this section, the following definitions shall apply:

(1) Mortgage-Related Assets.–The term “mortgage-related assets” means residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before September 17, 2008.

(2) Secretary.–The term “Secretary” means the Secretary of the Treasury.

(3) United States.–The term “United States” means the States, territories, and possessions of the United States and the District of Columbia.

Posted by CalculatedRisk at 7:36 PM Comments (88)

We also have signs for republican candidates running for state and local offices.

Please get your’s today!  Questions call: 426-3850 or 432-3310

On or about October 5th, Biden will excuse himself from the ticket,
citing health problems, and he will be replaced by Hillary. This is 
timed to occur after the VP debate on 10/2. 
 There have been talks all weekend about how to proceed with this info. 
Generally, the feeling is that we should all go ahead and get it out 
there to as many blog sites and personal email lists as is possible. 
I have already seen a few short blurbs about this – the ‘health 
problem’ cited in those articles was aneurysm. Probably many of you 
have heard the same rumblings. 
 
However, at this point, with this inside info from the DNC, it looks 
like this Obama strategy will be a go. Therefore, it seems that the 
best strategy is to get out in front of this Obama maneuver, spell it 
out in detail, and thereby expose it for the grand manipulation that it
is. 
 
So, let’s start mixing this one up and cut the Obamites off at the 
pass – send this info out to as many people as you can – post about it 
on websites and blogs – etc

• The strength of the nation lies with the individual.
• Equal rights, equal opportunity and equal justice should be enjoyed by all regardless of race, creed, age, sex, or disability.
• The government that governs least, governs best.
• Free enterprise and individual initiative have brought opportunity, economic growth and prosperity to our nation.
• Government should strive for fiscal responsibility in every possible way.
• Government should allow individuals to keep more of the money they earn.
• The best and most responsive government is government closest to the people.
• The dignity, freedom, ability and responsibility of each American must be honored.
• Government should provide individuals only those critical services and needs which cannot be provided by individuals or private organizations.
• Americans should work to extend peace, freedom and human rights throughtout the world.

How many did you agree with? Score yourself:

10… You are already a registered Republican and unaware there are other political parties… not that it matters.

8-9  You were born a Republican. The love of freedom is in your blood, no big government boondoggles for you!

6-7  Your’re clearly a Republican but probably misread a statement or two. Why don’t you try again?

4-5  Your heat’s in the right place and you probably vote for Republicans more often than not.

1-3  You’ve started to understand that government is not the answer to every problem.

0…   You’re a hopeless Democrat. But we’ll be here for you too when you’ve had enough of big government.