Also, Obama’s campaign confirmed yesterday that it is setting up a joint fund-raising committee with the Democratic National Committee, an arrangement that allows donors to write one check to be divided between the candidate and the national party, which can use its share to help the candidate. The contribution limit is $28,500, compared to $2,300 for the general election for donations directly to a candidate.
The Democratic National Committee (DNC) is the final decision maker in selecting either Obama or Clinton to be the Democratic Presidential candidate. This joint fundraising committee is usually set up for the nominee. John McCain has one with the Republican party. Clinton has nothing. Actually, Clinton is in debt due to her campaign spending.
Source: boston.com
The U.S. economy lost the title of “world’s biggest” to the euro zone this week as the value of the dollar slumped in currency markets.
I have blogged about the economy a few times (here, here, here and here) over the past several months. Many people say, “Oh it will bounce back, this is normal.” I’m sorry, this is not normal and it’s going to take a lot of hard work to bounce back. Me personally, I see this as a punishment from Allah (swt) to America for all their oppression around the world. For us, who are living in America, well we’re going to have to save and utilize our funds in the most efficient manner, unless the next President re-structures the mortgage faulting disaster.
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…63,000 Americans lost their jobs (largest drop since 2003 - 5 years).
…millions of Americans can’t afford their mortgage payments.
…Bush vetoed 5-billion a year for American children’s health insurance.
So in other words, giving Israel money to terrorize Palestinians is worth more than Americans losing jobs, Americans losing their homes and taking care of American children.
The man in the above picture is the Federal Reserve Board Chairman Ben Bernanke who pauses while discussing the near-term economic outlook during testimony before the House Budget Committee on Capitol Hill on Thursday Jan. 17. You may have heard the big news of the recent drop in interest rates by the US Government. Well the man who called for it was, the man in the above picture.
Ballin’! The richest Muslim businessman in the world is the nephew of King Abdullah also known as al-Waleed bin Talal bin Abdul Aziz al-Saud. If you haven’t heard already, he’s dropping around $2 billion to $6.88 billion to the currently failing American financial organization known as Citi or Citigroup (Citibank). Citi recently reported losses up to and more than $10 billion which shocked Wall Street. With the investments from Prince al-Waleed and others (Kuwaiti and Chinese investors) Citi hopes to cover their losses and improve their status. Oh yeah, the new CEO of Citi was born in Bombay, India: Vikram Pandit.
May Allah guide Prince al-Waleed. Ameen.
