Collins Report

By Kevin “Coach” Collins

This “bank stress test” business is just another pack of lies from Obama.

Called “The Supervisory Capital Assessment Program” (SCAP) was a shame. Its Friday afternoon release was suspicious. Information the government really wants to bury is hidden “in plain sight” by a Friday afternoon release to insure publication on Saturday when few people are paying attention.

According to an analysis prepared by Tyler Durden at http://zerohedge.blogspot.com/, the report starts by saying “more than 150 senior supervisors, on-site examiners, analysts and economists” worked for one month conducting the audits of the 19 named institutions.

The problem Durden points out is that a genuine audit of a single bank is conducted by “hundreds of examiners over a period of months. Keep it mind these banks control Ten trillion dollars in assets and five hundred trillion dollars in derivatives.”

Durden continues by pointing out “the firms [being audited] were asked to project…..the firms were asked to provide…etc” and he asks “In other words, the banks tested themselves and the 150 examiners took their word for it. Any wonder they passed?”

So, 150 auditors took one month to examine 19 banks while in real life it takes “hundred of examiners” months to audit a single bank. Anyone who believes this report honestly says anything about American banks is a fool or works in the media.

If we had an honest media this report would reveal more about the actual condition of America’s banks than the government wants us to know. This report screams, “Phony!”

It’s a naked attempt to make us forget Obama’s daily gloom and doom talk since he won last fall.

We can’t trust the media to tell the truth so we have to search it out ourselves.

Go to the Fed’s website http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20090424a1.pdf and read the report for yourself.

More from the financial community

In his recent article “Secretive Bank Stress Tests Heighten Investor Stress” Shah Gilani‘s (Contributing Editor Money Morning) outlines the problems with Obama’s secrecy on this matter.

Gilani writes: “As outlined to the public, the stress tests were to pre-suppose a set of declining economic circumstances that would negatively impact bank balance sheets. For example, one scenario assumes that U.S. unemployment rises to 10.3% by the end of 2010. How or why the 10.3% assumption was chosen – as is the case with other scenario parameters – is unknown and is supposedly not to be revealed.

“The assumption of testing through the end of 2010 means only that a two-year window was established for definitive calculations. Under this scenario, examiners assumed two-year cumulative losses of 8.5% on mortgage portfolios, 11% on home-equity lines of credit, 8% on commercial and industrial loans, 12% on commercial real estate loans, and 20% on credit card portfolios. The results are then totaled and weighed against assumptions – again unknown – about the capital positions of the banks at that time.

“The fact that the assumptions themselves are a constantly moving target in our current crisis doesn’t lend comfort to any baseline conclusions that may be reached. On the other side of the equation, the tests don’t assume any revenue forecasts – either negative or positive – and may not assume further equity capital destruction or changing capital structures at the banks.”

Comments on this or any other Collins Report essay can be sent to kcoachc “at” gmail.com

By Kevin “Coach” Collins

Arlen Specter’s switch to Democrat is a major jump toward gray stilted Swedish socialism. The irony is the Swedes are trying to get out of their nightmare just as we are closing our eyes and running toward communal living.

Friday Sweden closed its New York City consulate. They ran out of money. It was important to them to save about $5 million, the equivalent of a household saving a dollar on a gallon of milk.

We have to fight like hell to keep Obama from forcing socialism on us. Here’s some points from a new Heritage Foundation report.

Sweden has some of the lowest scores in fiscal freedom in the world.

Sweden’s 57% tax rate is THE highest tax rate in the world.

* Government spending is more than half of its GDP.

*In 1970 Sweden was the world’s third richest country. Now it is number 18.

* Swedes have less average personal disposable income than Western Europeans Americans or Canadians.

* The government pays all workers 80% of their salary when they are out sick. At any given time 10% of workers are out sick. Surveys say 6 of 10 are faking. This kills productivity and initiative.

In 1970 to make “everything free” Sweden started with an 87% tax rate.
Since then she has steadily backed away from this insane rate.

The Swedes discovered almost immediately that socialism works only until the government runs out of other people’s money to give away.

Specter’s switch is a serious blow to our freedom.

If we don’t fight with every ounce of strength and resolve we can muster we will find ourselves wearing Moa jackets and standing in line for hours to get our “free government benefits.”

The Swedes went socialist in 1970, so they give us an idea of about how long a Socialist State Ponzi scheme can appear to work if you don’t kill millions of your people Soviet style. Fight for our freedoms people because if we lose them we won’t soon get them back.

This is a trap we have to avoid.

Comments on this or any other Collins Report essay can be sent to kcoachc “at” gmail.com

By Kevin “Coach” Collins

Nothing reasonable and constructive will be done about the Swine Flu being inflicted on us by illegal aliens. Illegal aliens are Democrat voters and this makes them essentially untouchable.

Before we knew the illegal aliens sneaking into America were bring us Swine Flu, the Collins Report warned of a variety of exotic diseases being sneezed on us by theses burglars. Twenty three states are now experiencing cases of Chagas a South American disease causing heart failure, intestinal problems and ultimately death. Currently NO drugs are effective against Chagas.

Tuberculosis has also been brought in by illegal aliens. Since many illegals work in the food trades at least some may be TB carriers coughing and sneezing on our food.

This makes their presence here infuriating, but these two diseases are only the beginning. Basic research reveals a number of other serious illnesses carried by illegals.

Unfortunately the following diseases may have to be endured because Democrats want new voters: Bubonic Plague; Typhus; Cholera;

Lymphatic Filariasis, leads to grotesquely swollen limbs;

Schistosomiasis, causing bladder cancer in adults and possibly mental retardation in children;

Hookworm, causes maternal and child morbidity;

Yellow Fever, brings lymphatic infections, heart, kidney and adrenal gland failure; and

Dengue fever causing fever, bladder problems, constant headaches, severe dizziness and loss of appetite.

These diseases are bad, but it gets worse. Illegals bring LEPROSY, a curse from the Dark Ages America beat forty years ago.

Nevertheless, because the Democrat Party sees these invaders as new voters instead of criminals, there is no reason to think anything will be done. The same Obama Administration now telling us not to go to Mexico because of Swine Flu won’t even think of closing down our southern border to make sure illegal Mexicans and other disease carriers can’t get in to our country.

This is another reason to lament the appointment of Janet Napolitano to lead Homeland Security. She can’t keep whole illegal bodies out of our country how can she keep germs out? She should be fired, but she won’t be because she is there to do one thing and one thing only and that is to help bring more new Democrats into the country to choke us with socialism.

Comments on this or any other Collins Report essay can be sent to kcoachc “at” gmail.com

By Kevin “Coach” Collins

The phony hypocritical apologists helping Notre Dame build its “Catholic Potemkin village” have had their way long enough. Now it’s time for the truth.

As we draw closer to May17, when Barack Obama will speak at Notre Dame’s graduation ceremony the school’s secular apologists are turning up their barrage of lies and misinformation.

They want to talk about phony issues not Obama’s murderous intentions toward innocent babies. We’re supposed to forget Notre Dame knows full well what’s in Obama’s evil heart.

Contrary to these apologists’ self delusions, we are not against Obama because he is Black or necessarily because of his position on stem cells.

Obama’s love of abortion is the issue we’re willing to fight over even if it has become all too acceptable at too many so called Catholic colleges.

The heart of the problem is Obama’s support of POST birth abortion; the murder of babies labeled inconvenient and expendable after their miraculous survival of an abortion.

Regardless of Notre Dame’s rhetoric their invitee is a Mengele-like creature who would order the death of “inconvenient” babies and Father Jenkins fully understands this.

Obama proposed letting these babies die in a broom closet agonizing from hunger and thirst because their survival would violate “the original intent” of an abortion.

This is a clear contradiction of every fiber of Catholic doctrine. It is obvious cooperation with evil and a shining example of giving scandal to impressionable people. It gives powerful ammunition to those who would destroy the Catholic Church.

This travesty will go on and it begs the question: In return for his royal visit will Obama rub Notre Dame’s face in the mud and demand religious items be covered as he did at Georgetown? If so Notre Dame, the Catholic Potemkin village, will deserve it. But we won’t.

Since it is a clear skill of the Left to recognize and take advantage of every opening it sees, one has to ask will Obama demand Father Jenkins and his fellow priests wear “proper business attire” during his “royal visit?”

Enough is enough. Fawning secular media pieces about how wonderful it is that the 45% of Notre Dame’s Faculty who are not Catholic “support the mission of the Church” are laughable on their face.

At best these people can be expected to be neutral toward Church doctrine. “Supportive” is a big stretch. Question: Are these the faculty who are telling students to disregard Obama’s murderous intentions? Why would anyone think otherwise? Then again maybe it’s the priests who are teaching students this secularist message.

At Notre Dame it is no longer clear.

Comments on this or any other Collins Report essay can be sent to kcoachc “at” gmail.com

By Kevin “Coach” Collins

When a bill to raise the federal minimum wage is under consideration conservatives argue it will lead to unemployment especially among teenagers trying to enter the workforce for the first time. Liberals always scoffed at this and vote for these increases anyway.

Soon after the effective date of these increases teenage unemployment increases and stays higher than previous levels. Liberals say teen employment rates are not accurate measures of the results of these increases and the issue disappears from any mention in the media.

Teenage unemployment is a straw man non issue and liberals know this, but with today’s high unemployment the issue demands a reexamination.

Comparing unemployment numbers to state minimum wage levels shows a strong link between the two. The national unemployment rate is now at 8.5%, higher than it has been since 1983 at the peak of the damage done by Jimmy Carter.

Cause and effect

Is there a cause and effect relationship between higher minimum wage levels and higher over all unemployment in the states that mandate them?

It would seem so.

The 30 states reporting unemployment rates BELOW the national 8.5% have an average mandated minimum wage of $6.53. These same states have unemployment rates of 6.58% almost 2 points UNDER the national average.

The 21 states (plus D.C.) reporting MORE than 8.5 % unemployment, average 9.7%. They demand a $7.05 minimum wage of their employers.

Generous with our money

The 6 states demanding the highest average minimum wage of $9.25 also average 9.9% unemployment.

California has an unemployment rate of 11.2 and “generously” forces employers to pay at least $8.00 an hour.

Oregon is suffering 12.1% unemployment but prides itself on its $8.40 minimum wage.

The facts are clear: higher minimum wages bring higher unemployment, not always but often enough to identify solid connections.

Rethinking things

N.B. Oregon’s legislature is considering a bill to roll back its minimum wage law. Passed in 2002 when a Republican government was keeping inflation down and employment up, Oregon’s minimum wage was tied to the national level of inflation. That’s not working out so well under Obama’s Marxist regime. Oregon knows it has to bail out of this insanity before the roof falls in and the state is bankrupted. Oregon’s Legislature knows the inflation that is coming under Obama will be ruinous.

Comments on this or any other Collins Report essay can be sent to kcoachc “at” gmail.com

By Kevin “Coach” Collins

Can you say “Chutzpah” boys and girls?

In a statement reminiscent of the scene in Blazing Saddles where Black Bart threatens a crowd of angry townspeople by putting a gun to his own head, illegal aliens are now talking about boycotting the census to achieve their goals.

Since last November the world we knew as average Americans has been turned on its ear. We’ve seen things we never could have imagined would happen. A publicly exposed tax cheat has been given the responsibility to lead the IRS as it hounds us into poverty. A man who hates the Catholic Church runs Obama’s religious outreach operation.

Now burglars are threatening to withhold their cooperation from our Census because they want their grievances addressed!

These illegals want favorable changes in the immigration laws before they will provide information that Democrats want to destroy America with. If the Obama administration was working for us instead of against us, it would gather this information and use it to deport these leaches.

USA Today reports the National Coalition of Latino Clergy & Christian Leaders, which claims to represent some 20,000 Evangelical churches in 34 states, has urged illegal aliens not to fill out Census forms without “genuine immigration reform.”
The group claims 38% of the membership of these churches are illegal aliens. If even half refuse to cooperate with the Census counters, ACORN will have to use very creative accounting procedures to steal this Census.

That is the good news.

The better news is campaigns following the same line have sprung up in the border states of Arizona and New Mexico as grassroots movements.

Maybe the hubris that moves these people to threaten law abiding Americans will help us choke off the socialist movement that wants to coddle them.

Black Bart would be proud.

Keeping up the fight

We must take advantage of this situation. We have to stoke the fears of these leaches so they decide not to “trust the man.” If we keep stirring the illegal alien invasion pot we can send the message that we don’t want them here and don’t care what they do as long as they go home.

We have sent our message about taxes and it has been heard. But the TEA party movement is just the beginning. Now we have to focus on the next two issues: Card Check and illegal immigration.

For now we have contained the Card Check threat, so illegal aliens have to be our primary concern. Send letters and make phone calls. We have to win this one as well.

Comments on this or any other Collins Report essay can be sent to kcoachc “at” gmail.com

By Kevin “Coach” Collins

Last Friday Joe Scarbough interviewed a 21 year old woman who is a Notre Dame senior. She was angry at the “hypocrisy of those who were trying to pressure Notre Dame out of having President Obama speak at our graduation ceremony.” She continued, “When George Bush (at Notre Dame that would be the EVIL George Bush) spoke here in 2001 no one complained about his support for capital punishment!” Then, apparently realizing the weakness of her argument, she backtracked with, “I know they [abortion and capital punishment] aren’t the same, but they’re both against the principles of the church.” The moral relativism she was taught in South Bend came shinning through.

Her words ripped the mask off Notre Dame. They told us how Notre Dame relies on moral relativism to navigate inconvenient contradictions between Catholic doctrine and the secular standards Notre Dame seems to prefer.

Father John Jenkins, Notre Dame’s president has highlighted his own moral relativism with his sad and embarrassing statements about relying on a group of Canon lawyers for clarity in this situation. It won’t wash. Father Jenkins and Notre Dame have fooled themselves into thinking they have fooled us, but they’re wrong.

To fight the Pope, Henry had his stooge bishops “clarify his situation”, but in the end true Catholics never acknowledged his make believe church. Today’s real Catholics don’t buy this line either.

Father Jenkins is dragging Notre Dame down a dark ugly ally where sucking up to a supporter of brutally murdering inconvenient miracle abortion survivors is now more important than Catholic doctrine. He can say what he wants. He can use Georgetown as his model (didn’t that turnout embarrassing?) but Canon 915 and 916 say you can’t cooperate with manifest evil, even if it arrives to the tune of “Hail to the Chief.”

Father Jenkins’ obstinate promotion of scandal is very troubling and very unbecoming of a Catholic priest. He is giving scandal to young impressionable Catholics across the country and he is dead wrong on this issue. He ought to stop this sellout and recall why he became a priest. Did he offer his life so an abortionist could use him as a pawn to promote the culture of death?

While our young friend in South Bend might not believe this, there are tens of millions of Catholics who are angry and disappointed at the hypocrisy she is displaying in her claim that capital punishment and murdering defenseless “defective” born infants are in anyway interchangeable.

This young woman stated that 97% of Notre Dame’s graduating seniors are in favor of overlooking the manifest evil of Barack Obama and welcoming him as a great man. Isn’t that a sad commentary on how far away from Catholic teachings Notre Dame has drifted?

It is indeed interesting that the University of Arizona, where Barack Obama will also speak, has flatly rejected calls to grant him an honorary doctoral degree because he has not accomplished anything.

Comments on this or any other Collins Report essay can be sent to kcoachc “at” gmail.com

By Kevin “Coach” Collins

California Democrat Jane Harmon tried to sell her influence to end an espionage case against two spies in return for help becoming House Intelligence Committee chairwoman.

In a newly released NSA wiretap report, Harmon has been exposed negotiating a quid pro quo deal with an official of the American Israeli Public Affairs Committee (AIPAC). The agreement apparently called for Harmon to sell the influence of her Congressional office by lobbying the Justice Department to reduce espionage charges against two AIPAC operatives. In return AIPAC would lobby then minority leader Democrat Nancy Pelosi to name Harmon as the Chair of the House Intelligence Committee once the Democrats regained the Congress in 2006.

The recording caught Harmon clowning about the serious issue saying she’d “waddle into” the case on behalf of AIPAC.

As most criminals, Harmon became worried about eventual discovery and said, “This conversation doesn’t exist” just before hanging up.

Harmon has angrily denied the story over the years since it first surfaced in 2006. Nevertheless, that was before the existence of the court ordered wiretap aimed at investigating the AIPAC agent she was speaking to became known,

With a Robert Torricelli like rant Harmon commented, “These claims are an outrageous and recycled canard, and have no basis in fact. I never engaged in any such activity. Those who are peddling these false accusations should be ashamed of themselves.”

In a quid pro quo of his own Alberto Gonzales intervened in the case against Harmon in return for her support of warrentless wiretaps.

This shows Harmon’s insistence the case was dropped “for a lack of evidence”is false. It drew a blunt response from a source reported to have first hand knowledge of it.

The source called it “bull s&^t!” and said, “I read those transcripts “It’s true. She was on there.”

This new information goes a long way toward explaining not only why Harman was denied the gavel of the House Intelligence Committee, but failed to land a top job at the CIA or Homeland Security Department in the Obama administration.

America dodged a bullet when Harmon was denied the Chair of the House Intelligence Committee. Harmon’s corrupt character and the loose lips of Diane Feinstein in the Senate Intelligence Committee would have been very dangerous for our nation.

Comments on this or any other Collins Report essay can be sent to kcoachc “at” gmail.com

By Kevin “Coach” Collins

The opportunity to politicize the rescue of Captain Phillips from Somali pirates was one Barack Obama could not resist.
Obama’s handlers played the crisis for every ounce of P.R. they could generate. We heard a “quietly confident Obama” twice “gave the order to shoot if necessary.”
Yet when Phillips first jumped from the lifeboat he was being held in, nothing happened. No one saved him, and the pirates merely scooped him up and returned him to their “ship.” Our Navy Seals were on the scene ready to act, yet at first they did nothing.

Why the Seal commander didn’t act is THE important question of the whole affair.

Was it because the Commander- in -Chief was playing the “Lawyer- in- Chief?”
The truth seems to be Obama dithered and consulted lawyers before he acted so “decisively” and “signed off.”

Was the Seals hesitation caused by Obama’s confusing “signing off” on the operation?”
Obama’s nomination of Harold Koh as State Department Legal Advisor provides an answer. Koh firmly supports the International Criminal Court. This suggests Obama intends to dump the American Service Members’ Protection Act and put our war fighters under the control of leftist lawyers eager to please the anti American ICC.

If Obama had the wellbeing and safety of our military in mind he would not have “signed off” or “not signed off” on this operation. His hands on involvement in a military operation, opens the door to lawyers controlling combat operations.

When lawyers not commanders run combat operations America is in trouble.
This will likely lead to arrests of war fighters for “not having proper authorization” after having killed enemy combatants.
As sure as night follows day Obama has put our military in danger of indictment, prosecution and imprisonment by a kangaroo court of European American haters.
There is no room for second guessing in combat. We have seen the Left use “rules of engagement” to hobble our war fighters and twist their valiant efforts into political circuses. This may now become the norm.
This is a serious situation. Lawyers running combat will get our war fighters killed and imprisoned for doing the job of protecting us.
Once this starts how long will we continue to get these brave men and women to step forward?
Comments on this or any other Collins Report essay can be sent to kcoachc “at” gmail.com

By Kevin “Coach” Collins

This outrageous pile of crap begs the question “Who is Schakowsky and why would she say this about real Americans?

Illinois Congresswoman Jan Schakowsky ( D – of course) released a statement saying the TEA party protests which sprung up around the country on Wednesday, were despicable and shameful.

She went on to lie about “95% of Americans getting tax cuts and Obama “creating” 3.5 million jobs” then concluded with “It’s despicable that right-wing Republicans would attempt to cheapen a significant, honorable moment of American history with a shameful political stunt. Not a single American household or business will be taxed at a higher rate this year. …. Obama bashing party promoted by corporate interests.. .”

A Marxist collectivist:

Schakowsky is a tax hungry socialist. She voted against a $46 Billion tax cut in March 2000, then against us on taxes time and again. Schakowsky voted to continue the “marriage tax.” In April 2001 she voted against ending the death tax. She voted wrong on every tax bill she could.

A member of the Congressional Progressive Caucus (CPC);

The CPC is a pack of anti American skunks who work to undermine American democracy. Its stated purpose is to abolish parts of the Patriot Act and “crack down on corporate welfare” – a phrase we don’t hear now that Fannie and Freddie are getting “corporate welfare.”

A phony “human rights” crusader;

As a member of the CPC, Schakowsky is supposed to stand for the aims of the caucus which include working to end “abuses of personal freedoms” around the world. But when Americans peacefully come together to protest, she no trouble overlooking violations of our rights.

Tax cheat;

Yes tax cheat. When she signed a fraudulent joint tax return with her husband, who later when to prison, she was a tax cheat.

Classic liberal Democrat Schakowsky is a phony who suffers from fits of selective outrage. She is concerned with freedom for people in foreign countries, illegal aliens and every anti American cause that comes along. She has been identified as the most liberal member of one of our most liberal Congresses in history. She likes to stick her nose in the business of countries around the world, but her compassion stops at our shores when the people trying to exercising their rights are conservatives.

Comments on this or any other Collins Report essay can be sent to kcoachc “at” gmail.com