Dr. Gene Scott.com – Home

There was no doubt that his Ph.D. was real, as no one could understand a word he was saying. He’d go on and on on his shows and make NO sense! And I have a philosophy AND law degree, so I’m used to BS!

I was a huge fan of his too and did a piece about him in the SF Examiner when I was a columnist there. And it was his theology that was the most interesting since — in between rant and “Am I boring you?” — he had some great insights.

My fav, though, was the time he went for weeks and weeks — I think this was in the late 1970’s — with nothing but a 24-hour plea for money. Nothing else.. just “give me money!” You’d tune in just to see how long it would last.

scott was……..
he thought he’d live to be 120
and i think he should have
if god took him early…
we should be concerned
thx….ken

I WAS INTRODUCED TO DR,SCOTT NOT PERSONALLY, BUT THROUGH WORD OF MOUTH THROUGH A FRIEND IN OR ABOUT 1986, AND THE GOOD DOCTOR WAS EXAMINING AND BREAKING DOWN THE PYRAMIDS…I ENJOYED HIS LOGIS AND THEOLOGICAL TEACHINGS….HE’LL BE MISSED BY ME ,A GREAT DEAL…THE DOCTOR GAVE ME A SPIRITIUAL LIFT..AND A SPIRITIUAL LAUGH, HE WASN’T THE NORMAL SCARE TACTICS RELIGIOUS …PREACHER. THE GENTLEMEN LAID OUT THE STORY AND YOU…HAD A CHANCE TO MAKE YOUR OWN DECISIONS. GOD HAS TRULY TAKEN A SOLIDER HOME…LOVE YOU DOCTOR GENE SCOTT…I MISS YOUR SPIRIT ALREADY.

Yes, died.

ps I must say that he said it wasw a possible ” space capsule, some sort of clock set to measure every 26000 years, and contained standards of measure, etc. I guess what I want to say is that I think it’s also a world balancing mechanism.

the worid is a lot darker now with that beauthful person gone from earth but how bright heaven is now

hello all,
gene scott was gene scott. What you see is what you get. People gave to him because they wanted to give to him. Gene use the money for himself and made no bones about it. Gene was like alot like the many bums on T.V. asking for money in the name of GOD. These bums need to get a real job. I wounder how much money scott would have made if he had a real job.
Harold Weaver Jr.

OH JESUS HE WAS A RIP-OFF ARTIST LIKE ALL THE OTHER TV PREACHERS, THE ONLY THING THAT MADE HIM DIFFERENT WAS THAT HE WAS A LITTLE MORE INTELIGENT.BUT THE GUY IS NOT GONE BECAUSE LAST NITE SEVERAL MONTHS AFTER HIS DEATH HE WAS STILL ON TV ASKING FOR MORE MONEY WITH HIS 800 NUMBER LISTED ON THE SCREEN.SO EVEN IN DEATH HE WANTS MORE BUCKS.

I was 17 yrs old when I met Dr. Scott. (1978) Back when the Attorney General of California was trying to get into the churches and take over the offering plates. Trying to find out who was giving all that money to “religious” leaders so that they could work there evil end. I skipped school that day and had my dad drive me 50 miles to the court house in Los Angeles to stand with Dr. Scott in telling them “No No we won’t show!” We eventually won that war and from then on I realized that Dr. Scott was the spiritual leader I was looking for. He spent the next 28 years putting flesh and blood on the bible…like no one else had ever done. He helped me to see God in a different light and because of Dr. Scott I’m still a believer. He had been there for me over the last 28 years and I will miss him. I pulled out his tapes on the end times and know that it won’t be long now before I’ll see him again. Thank Doc for “Giving them Hell” while you were here on earth.

I Just found out. Eight months later. I moved to France a few years ago and am kind of mad that on his Homepage nothing was stated. I only really trusted Him as a teacher and Preacher. I suppose what I learned most from Doctor Scott is to fear no one but God. Doctor Scott will never be replaced.

BOOK OF HOAKSTERS
Chapter :7 verse :11
See my prophet
For I have given him
Ladies,Luxury,Limos and Learjets
a firey tongue and (FOOLS) to magnify himself !
YE SHALL KNOW THEM BY THEIR FRUITS
NOT THEIR SUITS!

Come and listen to a story about a man named Eugene
Nasty old preacher always acting mean

Then one day while puffin a cigar
He thought to himself,hey Im a preaching superstar

Self appointed that is, Selfrighteous,Egomaniacil

Well the next thing ya know old Genes a millionaire
Robbing his congregation just seemed downright more than fair

Said Californy is the place I oughta be
So he married a porn acctress and moved to Beverly

Hills that is
Swimmin pools,movie stars

BOOK OF HOAKSTERS
Chapter :7 Verse:1
And see my prophet Dr.Loveless Scott
For I have given unto him
ladies,limos,learjets,luxury
mansions,show horses,
cuban cigars
with which to puff himself up
and many fools to magnify himself
(YE SHALL KNOW THEM BY THEIR FRUITS
NOT THEIR SUITS
YE SHALL KNOW THEY ARE MY DISIPLES BY
THE LOVE THEY HAVE ONE FOR ANOTHER)

Matthew said>(One thing is for sure Dr. Scott kept the faith!)
Matthew One thing is for sure Dr.Scott kept the money and kept asking for more and told people that they where going to hell if they didn’t “git on the phone” and send him more.

1If I speak with the tongues of men and of angels, but do not have love, I have become a noisy gong or a clanging cymbal.
2If I have the gift of prophecy, and know all mysteries and all knowledge; and if I have all faith, so as to (H)remove mountains, but do not have love, I am nothing.

3And if I (I)give all my possessions to feed the poor, and if I surrender my body to be burned, but do not have love, it profits me nothing.

4Love is patient, love is kind and is not jealous; love does not brag and is not arrogant,

5does not act unbecomingly; it does not seek its own, is not provoked, does not take into account a wrong suffered,

6does not rejoice in unrighteousness, but rejoices with the truth;

7bears all things, believes all things, hopes all things, endures all things.

His obituary should read Worlds biggest a_ _ hole dies from being the worlds biggest a_ _hole!

Just today learned he died, I regret I did not buy his painting, I was on the phone waiting to order when my freind talked me out of buying. This was in the mid eighties. I have thought of this many times over the years.

I bet soon as he got into heaven he went looking for Adam,and Adam went looking for a dentist.

When did he finally reveal to his congregation that Christine Shaw had been married to him? I was very surprised to learn this on the internet within the last 2 years. Back in the 80s he passed himself off as a confirmed bachelor. Christine Shaw was supposedly (back then) just some person he always had with him so that he could always have an alibi in case someone made false accusations against him.

I liked to listen to his sermons, did not care about his type of music or his many women friends. His vocabulary of different languages was above me. But when Scott talked about Jesus Christ and all the elect that Christ died for ,which is Gods Church, He felt to be a sinner above all sinners . This is what we feel when when God reveals Himself to us., Then we feel how unworthy we are . Our eyes are opened. We cry , Jesus have mercy . He chooses us here in time.

He is gone where all good Soldiers go.
May God Bless his wife.

for the people that critisize Gene Scott, if you wise up you might know why God used a man like that. Instead of asking about the pryamid study it.
Gene Scott understood that Gods people perish for lack of knowledge. He was not going to allow the tradition of Christianity to make him less than God intended him to be. As far as loving people? He taught the greatest love of all. Grace. He also used the bible to add substanece to Grace. When you understand that then you don’t need to be a hyprocrite.

A learned man. How many hours of study? I learned much from from his dedication to learning.

Sharon, did he really have a website 20 years ago?

I don’t think he had a website until the late 90s. She probably was referring to his tv show.

Dr. Scott was brilliant – as a linguist, philosopher, theologian. I have my BA and MA in Comparative Literature from UC Berkeley, and his comprehensive, wide-reaching knowledge could match any of my professors. I am sorry he is no longer with us, but I watch his TV re-runs, not so much for my relgious ardor, but for his intellectual acumen…and wry sense of humor.

Not getting the pay on time is illegal. Not one single person brought it to the labor board? Did you eventually get your full pay?

Sharon, did you know the secretary named Melena?

I think that Dr. Scott was a modern day Prophet. Who cares if you think he had a lack of love or whatever, he had a flock to lead and he who loves his flock will chasten them. I trust no other teaching pastor but him thus far. He is the only one who tells you the truth whether you like it or not. He will be deeply missed.. I pray that Melissa keeps up the teaching, God bless her.

Some people just want to make a living without thinking too much whether they know what they are talking about. Dr. Scott is such person. I watched couple of his late night reruns and I have to tell you that even with a BS and MS degree I probably understood 1% of what he was saying. His “lectures” or preachings weren’t connected from day 1 to day 2.

I have only watched him for the three weeks prior to this writting and I have to tell you, I have found few who divide God’s word in such an honest and exact way. For those of you that did not understand him, that wasn’t his fault. You are the ones that lack the understanding to appreciate the exposition of the Bible from original languages. As far as I am concerned he brought me more in three weeks than I have recieved in the last 10 years of attending traditional church sermons. Dr. Scott proclaimed the Gospel, especially for those sinners sitting in church pews every week. From one of those, thanks Dr. Scott, I pray you are fellowshipping with the Master…..

Dr. Scott left a legacy that many who have gone before and many who are still arguing about the good Dr’s standing before God and before the Christian world ,envy. Melissa, who is Beautiful, Intelligent, and blessed with Wisdom, seems to be doing a fantastic job in carring on where Dr. Scott left off. I stay up every night past midnight to learn from her. May God Bless You and Your Chosen Profession Melissa .

I don’t see the need to make an individual filthy rich just so that he can preach to people that they should be good citizens.

Questions for those who believe in him:

1. Doesn’t ur brain tell u that killing people is wrong and that being a good citizen is right?

2. Does it take to give thousands of dollars to a man to have him translate stuff from another language, and for what? Just to find out that in the end you should be a good person?

3. What did God give u a brain for? Think for yourself dude!

I realize that America IS the place to be where making money off of people who can’t think for themselves is abundant.

Dr. Gene Scott probably was a charlatan of a sort — a showman and an egomaniac. But, my reading of him and his third wife, Melissa, is that they were sincere, but probably mentally ill. His parents are quoted as seeing his early childhood as being like a prophet’s. And Melissa and he apparently shacked up together before he was divorced and they could get married for several years. She was a former porn star and promoter not that long before their trysting and has been “ordained” by him to pass on his teaching, which is clearly memorized mumbo-jumbo to her…. I believe he understood the ranting, eclectic lectures he gave — I doubt Melissa does. At any rate a fascinating saga in American religion. I would have thought it would have died by now along with the charismatic Dr. Gene. I will continue to follow it from afar.

So, Melissa was a porn star? That doesn’t bother me. I have to admit that I love to watch her. I haven’t decided if she knows what she’s talking about or if it’s “a bunch of memorized mumbo jumbo.” I’ve only watched her for about 30 minutes so far. She seems to have a slight limp when she walks. Does anyone know if that’s true, or am I imagining it.

I remember watching Gene on Satellite tv back it it first came out. You must admit he is interesting and makes you think. He’s not unlike some of the mystics, i.e., Anthony De Mello, Paul Tillich, etc., but in a rough-assed sort of way. His asking for money doesn’t surprise me. They all do it in one way or the other.

Gene Scott is one ot those people who comes around only once in a while. He could have done many other things well, but he chose instead to blaspheme God to the peril of many. I shudder to think of how many people will end up in hell because they believed him and his false teaching. There was much that he had to say that was of a serious and true nature, but the overall long-continued package, in hindsight, is that of a runaway train bound for Hades, calling all aboard. He clearly had a penchant for control and adulation. And he liked to turn the gospel into a country club fit only for members who contributed to his coffers. I am on the one hand an admirer of his, for he had many good qualities, but the tragic side of this enterprise cannot be underestimated. And to leave it all to what looks to me like an unrepentant woman who is only regurgitating Scott’s vomit, it really seems very troubling and sad indeed. I think that he should have gotten into the music business, or have become a writer of fiction instead. At least he would have hurt fewer people that way. All in all, I think that southern California has proven itself for what it is famous the world over – a magnet for all kinds of weirdos and shameful practises. Just like Tacitus said about Rome.

I also just picked up on Dr.Scott. I work nites and had been off for awhile so was able to watch some tv. I was able to follow what he was saying… His biblical teaching were pretty accurate. Not sure how invested he was in his teaching tho. He lived a mighty rich lifestyle. I was thinking he was Bi-polar with some psychotic features.

Saw him on TV years ago. Was very different. Does anyone
know how old he was or how many years he had been doing
what he did?

I am shocked that the late great Dr. Gene Scott passing. I grew up in Southern California and has always admired Dr. Scott. People part a church need money to operate. How much money it took to run his church and whatever he did with any of is his and Melissa’s business. I’ve visited his Glendale church many times during my youth in Southern Cali8fornia. After I left the military I visited his Church as an Adult off and on for 2 years. I watched his broadcast on channel 30 a lot. That’s better than nothing because I pefered to be there but could’nt. I’m not using any names who replayed on this site but I’m hurt by people judging him for his off screen tirades and him asking for donations. I’m really hurt that anybody who says that he and his flock are going to hell for believing him. Who died and left man God? Remember the Word of God known as the Bible say the way you judge people will result in God’s judgement for you being the same. I don’t expect everyone to be a fan of Dr. Scott or Milissa. Dr. Scott is a person you can take or leave. As for me and my family we’ll take him and his widow Melissa Scott. Dr. Scotts demeaner was the firery preacher and person. I accept that. That who he was. I love Dr. Scott and Melissa. I know who Melissa Scott was and her past. God took her out of Babylon and gave Dr. Scott a great partner. Televanglist throughout the 70’s asked for donations. Dr. Scott was for real and Dr. Scott and Melissa case for their flock and people. He’s the only preacher who could keep my attention. No other preacher today or ever, even in my own faith can do that. They are too boring to me. I fall asleep in church or I change the channel on other televangelist. He was for real. I’m sorry to find out two years later he’s gone. I’m not ashamed to admit that I been in tears ever since I found out. He without sin cast the first stone. People in glass houses should’nt throw stones. There will never be another Dr. Eugene Scott. The world lost a great preacher. I want Melissa Scott to know that I send my condolences. I hope to meet you someday. Thank you for continuing his lagacy from the pulpit. You will always have my family’s support. God bless you. We love you.

Melissa is hot–catch her on the net—-playing with her pussy–it is something else

Dr Scott knew stupid people loved two things — mystery, and self confidence. So he gave them both. He rambled on incoherently — with no purppose whatsoever — no topic what so ever. Stupid people of course eat that shittt up — they assume he is saying deep profound things. Of course — he isnt. Its bullship.

He also did this with great self confidence — no apparent doubt whatsoever.

His getting this hot slut 1/4 his age was a brilliant move. She gives him credibilty — like that black woman on Howard Stern’s old show. You figure if he can lay between her legs at night — he has to know what the hell he is doing.

I have only just begun watching
> Melissa Scott teach and enjoy her style of teaching very much.
>
> After reading about Dr. Scott I see he was married twice before. Can you
> give me any information about melissa before she married Dr. Scott? She
> mentioned once living on the East coast before going to Calif.
>
> I am a big fan of hers…………and do believe in the redeeming grace of
> God over our life but am curious about how they met…….how long they were
> married and how she came to meet him. Have heard conflicting Stories about her past……..what is the truth?
>
> Do you know why she dresses as she does on the programs? Thank
> you……june knaack

Well when your dead your dead! God does not need another rose petal up in heaven..take a look at I Thess 4:16-18 and John 5:28
Dudes…when your dead your dead! you are asleep in the grave and your next waking moment is the return of our living Lord and Savior…

Thanks

They both freak me out. I watch it every night when I get in bed and can’t find anything else on tv. I watched him, then she comes on. I was like hold on wait! What the heck???? They are married?? It really gives me nightmares. He is freaky and she can not carry a tune in a bucket! I will have to find the porn on the internet. I am a Southern Baptist and live in the Biblebelt. But come on. I do not think she has a clue. It is all about the money honey.

I would LOVE to know if there is a teacher out there who actually understands the bible. Scott had come as close as anyone I know.

I have watched Dr.Scott since 1982. I lived with him from 1979 until?. My life after I met him was never understandable to this day. He gave me great love, knowledge and pain. My children are another story….no, they are not his…

I found out he was a preacher and pastor and on t.v. in 1983. Most is too much to tell. If I thank him for anything, it is his anointed preaching/teaching. He got my attention and I needed all the faith I could muster just to survive my divorce from a Deputy Attorney General and my association with Dr.Scott

I will tell you one thing for sure, you can believe and “lean on Jesus” and every word of God. I encourage you all to continue to learn and listen to him. his teaching. God bless you all.

Blessings,
Barb

Just met Melissa & the Dr on my tv….it programs on ION LIFE at 1am m-f . Used to watch Arnold Murray but can’t get him anymore.
The Scotts are very interesting because they know their material, they have their Faith and they can teach it to you. Last night I heard the lecture on “Jesus Lives”. Wish I had the knowledge and brimstone to fight those who tell me the Bible is just a book written by many, all of whom have different ideas and thus contradict the messages. How ignorant but those who do not have eyes to see or ears to hear will miss out big time. I will certainly keep the Scotts on my TV. They cleanse all the preceding junk that is displayed by the nuts of our culture. They are a fine pair and so interesting I can’t get enough. Wish they were on longer. My sincere condolences, Melissa. You’ve got IT too, so keep on truckin’ with it. We love you.

Jeanne

I arbitrarily turned on my TV late Thurs. Morning and heard Melissa teaching about the Church of Laodiceans. I could not get away from the TV as tired and beat down as I felt. The teaching kept me magnitized and my spirit was responding to the revelation. The WORD was exactly what was needed for me at that point and time. I needed to hear that Jesus loves me and continues to knock on my hearts door even when I am being indifferent. You see, I love Jesus and the Gospel. I am so perturbed by the false, but sincerely wrong teachings of the day. I was raised to respect God’s word but it seems that not many care how they portray the gospel of Jesus Christ. I have a friend whom both him and I are at the same point with Churches whom claim to be doing Jesus’ work but is nothing but an outward show. Few things touch my spirit as Melissa was used that late night. I don’t fall for many things, but the teaching coming through her was refreshing. Please stay encouraged my sister, Jesus will see u through!

If the great American racing driver, A.J. Foyt, and the great American preacher, Dr. W. euGene Scott, aren’t the same person, how come you never have seen them together?

DR. SCOTT WAS BY FAR THE GREATEST BIBLE TEACHER I’VE EVER ENCOUNTERED AND IS DEARLY MISSED. THE GOOD NEW IS THAT HIS WIFE PASTOR MILISSA SCOTT HAS TAKEN THE MANTLE UP AND IS DOING AN EXCELLENT JOB CARRY ON HIS MESSAGE.

Gene Scott reminded me of Douglas MacArthur, brilliant, but egocentric.

I wonder why they quit running the old tapes of Dr. Scott. I loved watching him. He was always right on the truth. Please re run them again. Bunny

Yeah, I watched old geno from time to time. i just found out he croaked the other day.the first time i saw him was when he was in his genre of demanding the right amount of money be coughed up before he would get up and preach. i knew he was a bullshitter of the 1st magnitude then.there was a modicum of truth to what he said but you had to search amongst a lot of dirt, rocks and water to find a little gold. Isn’t there someplace in the bible where it says words to the effect that preachers are not supposed to be demand your tithes or offerings, that you should give of your own free will. God have mercy on your soul Geno, your going to need it, but then again won’t we all.

The very first day I saw and heard Pastor Melissa Scott on the TV, I realized how excellently she explains the BIBLE. Pastor Melissa Scott is awesome. That first day when I heard her, I understood how we must have faith in God; no questions asked. How dare we creatures of His ask Him why when etc. And surrender to Him totally. I am truly grateful to Pastor Melissa Scott for her wonderful and amazing work of God. I also hear Dr. Gene Scott who is another wonderful child of God like Pastor Melissa Scott. I shall pray for Pastor Melissa Scott for the great work of preaching. I am really moved by her work and I thank God that I have the opportunity to hear her. I always adored and venerated Jesus our Lord and I appreciate the messages as they help me to keep myself focussed on our Lord Jesus whom I wish to follow forever; as a faithful Christian.
Pastor Melissa Scott, thank you, thank you thank you.

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FEDERAL RESERVE:

GOOD DAY TO ALL FEDERAL RESERVE BOARD MEMBER PERSONAL OUR EFFORTS HAVE NOT GONE UNNOTICED , I BELEIVE THOUGH THAT OUR CAPIBILITIES HAVE NOT BEEN FULLY EXERCISED. FOR THIS REASON I COME TO YOU AGAIN FOR THE ASSISTANCE IN MAKING THE NATION AWARE OF OUR COMBINED EFFORTS IN FOCUSING ON STRENGTHENING THE NATIONAL FINANCIAL CONDITIONS ACROSS THE BOARD WITH REGARDS TO NEW HOME SALES, UNEMPLOYMENT CLAIMS AND NON FARM PAYROLL AS WELL AS THE ADDITIONAL FACTORS THAT SHAPE OUR NATIONS STRUCTURE IN THE GLOBAL MARKETS. I AM MAKING A REQUEST FOR THE CONSIDERATION OF A POSSIBLE PUBLIC SERVICE ANNOUNCEMENT. OUR POTENTIALS OF BILL# H.R. 5140 THE ECONOMIC STIMULUS ACT OF 2008 (VERSION 1 OF 3) ARE EVIDENT TO THE POSSIBLY ONLY CHANCE, VIA THE GRACES OF CONGRESS, THE US SENATE, THE PRESIDENT OF THE UNITED STATES, AND FEDERAL RESERVE, THE PEOPLE OF THE UNITED STATES HAVE FOR RESTRUCTURING THE ECONOMIC SITUATION OF THIIS GREAT NATION…

A 6 MONTH GRACE PERIOD FROM TIME OF REFUND ISSUANCE AND ACCOUNT SET UP ON ALL CURRENT PREFORECLOSURE AND FORECLOSURES MIGHT JUST GIVE THEM THE TIME THEY NEED TO REPOSITION THEMSELVES, THE GRACE PEROID COULD BE COMPENSATED IN REGARDS TO THE MORTGAGE LENDERS AS AN ADDITIONAL 3 MONTHS OF MORTGAGE PAYMENTS ON THE FINAL BALANCE FOR THEIR COOPERATION.

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GOOD DAY, PLEASE READ ENTIRE E-MAIL OUR NATIONS FINANCIAL SECURITY DEPENDS UPON IT… THANK YOU RESPECTFULLY YOURS MR. ARTHUR JAMES MICHAEL CHARTIER, AJMC NATIONAL / INTERNATIONAL MONETARY FUND LLC. FOUNDER , MANAGEMENT AGENT / SPOT FOREX TRADER… http://WWW.MBTRADING.COM/FX

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MR. PRESIDENT,SIR, I ALMOST ENTERTAIN THE THOUIGHT THAT BY THE MEDIA NOT NOTIFYING THE NATION IT IS ,ALMOST IF NOT, AN ACT OF TREASON IN REGARDS TO NATIONAL FINANCIAL SECURITY IN DIRECT ORDER OF THE PRESIDENT OF THE UNITED STATES… THANK YOU AGAIN MR. PRESIDENT… (04/15/08)
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PLEASE, SEND MY REGARDS TO PONTIFF BENEDICT XVI. I / WE HAVE DONE ALL WE CAN THE POPE’S BLESSINGS ARE ALL THAT REMAIN… THANK YOU RESPECTFULLY YOURS,
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STRENGTHENING CONFIDENCE IN THE PAPER FROM WITHIN (MORTGAGE PAPER)… REFERENCE FROM THE CHARLE ROSE SHOW FEATURING MR. JOHN SNOW FORMER SECRETARY OF TREASURY, UNITED STATES OF AMERICA…

“ATTENTION” ECONOMIC STIMULUS ACT OF 2008 BILL H.R. 5140…”THE NATION NEEDS TO KNOW NOW”… “ONE TRADE AT A TIME, ONE NATION AT A TIME”…

STIMULUS BILL # H.R.5140 ECONOMIC STIMULUS ACT OF 2008…

“ATTENTION” ASSISTANCE REQUESTED

THE NATION NEEDS TO KNOW… OR IT WILL MAKE NO DIFFERENCE AT ALL…
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President Bush Signs Stimulus Bill
On Wednesday President Bush signed into law H.R. 5140, the economic stimulus
package. Treasury Secretary Henry Paulson said that rebate checks could be
in the mail as early as May. Individuals will receive $600, couples will
receive $1200, and an additional $300 will be given for each child under 17.
Individuals and couples earning over $75,000 and $150,000, respectively,
will have their eligibility phased out. Individuals who earn $3,000, receive
Social Security or are disabled veterans will receive $300.

“URGENT” ADVERTISEMENT REQUIRED…

2/03/2008 THE PRESIDENT & US SENATE RECEIVED AFTER PASSED BY CONGRESS

Preamble:
We the People of the United States, in Order to form a more perfect
Union, establish Justice, insure domestic Tranquility, provide for the
common defense, promote the general Welfare, and secure the Blessings of
Liberty to ourselves and our Posterity, do ordain and establish this
Constitution for the United States of America.

GOOD DAY TO ALL GOVERNMENT PERSONAL, MR. PRESIDENT…

I HAVE PREVIOUSLY CONTACTED EACH OF YOU IN REGARDS TO WHAT SEEMS TO BE ,
WITH GREAT THANKS AND APPRECIATION THERE OF, THE ECONOMIC STIMULATION
PACKAGE / PRO STIMULATION PACKAGE. IN THESE TIMES OF SUCH ECONOMIC PERIL
OUR COMBINED EFFORTS IN FOCUSING ON THE MATTERS AT HAND HAVE BEEN
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INDIVIDUALS LISTED BELOW AS WELL AS OTHERS FOR THEIR POTENTIAL CONSIDERATION
IN AN ADVISORY COUNSEL POSITION FOR THE FOLLOW THROUGH PROCEDURES AND
MAXIMUM IMPLEMENTATION OF AJMC NATIONAL / INTERNATIONAL MONETARY FUND LLC.
POTENTIALS & OBJECTIVES. COLLECTIVELY NATIONAL STABILIZATION WITH
TECHNOLOGICAL ADVANCEMENTS FOR THE PRESERVATION OF HUMANITY HAS BECOME THE
REALITY OF AND FOR THE FUTURE. I APPLAUD YOU…

CHARLIE ROSE SHOW
-QUOTE ” MR. HENNERY M. PAULSON JR. “BIG ENOUGH TO MAKE A DIFFERENCE”…
THE REPRESENTATION CAPABILITIES OF AJMC NATIONAL / INTERNATIONAL MONETARY
FUND LLC. HAVE MET AND BY FAR HAVE THE CAPABILITIES OF EXCEEDING ANY
EXPECTATIONS THERE OF…

CHARLIE ROSE SHOW
- QUOTE MR. HENNERY M. PAULSON ” GETTING THE MONEY TO THE RIGHT PEOPLE ” I
ASK FOR CORPORATION FROM THE FEDERAL GOVERNMENT BY MEANS OF AN INTRODUCTORY
NATURE ” ENDORSEMENT” POSSIBLE PRESIDENTIAL ANNOUNCEMENT AT 1/2 TIME OF THE
SUPER BOWL WITH INDICATION, OF ADVERTISEMENT INSERT ACCOMPANYING THE
POTENTIAL REFUND CHECKS,…OF CAPABILITIES AND NATIONAL STABILIZATION
OBJECTIVES”

THE OFFICE
-QUOTE MR. ARTHUR J. M. CHARTIER “GETTING THE PEOPLE TO THE RIGHT MONETARY
FUND FOR GUIDANCE ” AJMC NATIONAL / INTERNATIONAL MONETARY FUND LLC. ”
CALCULATIONS OF RISK ARE FUTURE NATIONS”

IT WOULD BE AN HONOR OF AJMC NATIONAL / INTERNATIONAL MONETARY FUND LLC. TO
WORK JOINTLY WITH THE UNITED STATES GOVERNMENT AS ONE ENTITY FURTHER
INSTILLING IN THE NATION THE EXPECTATIONS REQUIRED FOR SUCH PRIVILEGES AS
THE ELIMINATION OF POVERTY, THE CAPABILITIES OF INSURING EVERY CHILD GOES TO
COLLEGE AND EXCEL’S IN FIELDS THAT CREATE A STABLE NATION INFRASTRUCTURE.
AND HAS THE ABILITY TO SELF SUSTAIN THEMSELVES FINANCIALLY WITHIN SOCIETY
FOREGOING GOVERNMENT WELFARE PROGRAMS AND PREPARING THEMSELVES
FOR RETIREMENT AND POTENTIALLY SURPASSING NEED FOR SOCIAL SECURITY
REQUIREMENTS.

WE ARE OUR FUTURE, WE ARE THE DIFFERENCE, AND OUR PURSUIT FOR EXPECTATIONS
OF EXCELLENCE FROM OUR FOREFATHERS INSURES US A MORE CONFORMED AND CONFIRMED
FUTURE.

I SAY AGAIN, IT WOULD BE AN HONOR FOR MYSELF AS WELL AS THE ADVISORY COUNSEL
TO WORK WITH THE UNITED STATES OF AMERICA GOVERNMENT FOR IT’S PRESERVATION
AND DISTRIBUTION OF HER QUALITIES ETHICS AND VALUES THROUGHOUT THE WORLD.
THROUGH NATIONAL INTERNATIONAL CONFORMITY WORLD PEACE IS ACHIEVED AND WITH A
GREATER NATIONAL LIQUIDITY AS WELL AS THE RELIEF OF MANY GOVERNMENTAL
FINANCIAL BURDENS, AID THE GOVERNMENTAL FUNDING TO BE FOCUSED IN SECURITY,
SPACE EXPLORATION, INHABITANCE THERE OF, AND TECHNOLOGICAL ADVANCEMENTS FOR
THE PRESERVATION OF LIFE, THUS CONFIRMED COMPLETION OF OBJECTIVES…

CCR: AJMC NATIONAL INTERNATIONAL LTD /OR/
AJMC NATIONAL / INTERNATIONAL MONETARY FUND LLC. NEWLY EDITED… PLEASE
ALLOW 24-48 HOURS FOR CHANGES
EIN
AJMC NATIONAL / INTERNATIONAL MONETARY FUND LLC.
DUNS
NAICS
ECONOMIC DEVELOPMENT AGENCIES
ECONOMIC RESEARCH AND ANALYSIS
FINANCIAL REPORT ANALYSTS
(UPON COMPLETION OF POTENTIAL ADVISORY COUNSEL)
FINANCIAL ADVISORY SERVICES
FINANCIAL DEVELOPMENT INFORMATION SERVICES
FINANCIAL PLANNERS – CERTIFIED
FINANCIAL PLANNING CONSULTANTS
FINANCING CONSULTANTS… THE UNITED STATES GOVERNMENT ECONOMIC STIMULATION
PACKAGE / PRO GROWTH STIMULATION PACKAGE
FINANCING BUSINESS
SIC CODES
PRODUCT SERVICE CODES

*QUICK THOUGHT PASS ANOTHER BILL HAVING THE GOVERNMENT INFORM RECIPIENTS’ TO
OPEN THE ACCOUNT FOR LIQUIDATION OF REFUND AND GROWTH POTENTIALS, (THEIR IS
NO RISK IN POTENTIALLY LOSING WHAT YOU DO NOT HAVE or might not get)( YEARLY
CHARGES CAN BE OBTAINED AT A LATER DATE), IF THE PRESENT BILL WILL NOT PASS
DUE TO ADDITIONAL REQUIREMENTS THAT HAVE NOTHING TO DO WITH ECONOMIC
STIMULATION, BUT ARE JUST ANOTHER HOLE IN THE BUCKET… DUE UNDERSTAND AJMC
NATIONAL / INTERNATIONAL MONETARY FUND LLC. MIGHT HAVE A BETTER MORE
EFFECTIVE RETURN NOT ON A FINANCIAL LEVEL BUT ETHICALLY IF AN INTERNAL
ENTITY… TAX FUNDS RATIOS ARE INCREASED AND CAN BE ISSUED TO INITIATE
PROGRAMS BUT LAW MUST BE UPHELD…

“But when a long train of abuses and usurpations, pursuing invariably the
same Object evinces a design to reduce them under absolute Despotism, it is
their right, it is their duty, to throw off such Government, and to provide
new Guards for their future security”. “THE CONSTITUTION OF THE UNITED
STATES ”

I WOULD LIKE TO THANK EACH AND EVERYONE OF YOU ONCE AGAIN FOR YOU COMMITMENT
IN MAINTAINING WHAT OUR FOUNDING FOREFATHERS SOUGHT TO BE THEIR DUTY …

THANK YOU RESPECTFULLY YOURS
MR. ARTHUR JAMES MICHAEL CHARTIER
FOUNDER
AJMC NATIONAL / INTERNATIONAL MONETARY FUND LLC.

WORKING ON COMPLETION OF WHAT I HAVE STARTED… ONE MOMENT PLEASE THANK YOU
RESPECTFULLY YOURS AJMC…
THUS FAR I HAVE REQUESTED AID FROM THE FOLLOWING: WE WOULD BE HONORED
TO HAVE YOU JOIN US. YOUR INCITE IS HIGHLY REGARDED… TOGETHER WE MAKE THE
DIFFERENCE… THANK YOU RESPECTFULLY YOURS ARTHUR J. M. CHARTIER

PO BOX 602
WARREN, RHODE ISLAND 02885-3052
OFFICE MACHINE 24/7 401-368-5561
AJMCLTD@COX.NET
CURRENCYPROFITS@GMAIL.COM
UNITEDSTATES@CATHOLIC.ORG

POTENTIAL ADVISORY COUNSEL:

PONTIFF BENEDICT XVI REQUEST FOR BLESSINGS (03/09/08) RECEIVED (04/15/08 – 04/20/08)
PASSAGES MALIBU – THE WORLD’S PREMIERE ADDICTION CURE CENTER
MR. ROBERT F. KENNEDY, JR.
DR. ROIZEN & DR. OZ
DR. AMEN AMEN CLINICS
SIR. RICHARD BRANSON
MRS. SUZIE ORMAN
MR. ED SLOTT
MR. JACK CANFIELD
MR. WARREN E. BUFFET
MR. JOHN SNOW
MR. BILL GATES
THE MC LAUGHLIN GROUP
MR. DONALD TRUMP
MISS OPRAH WINFREY
MRS. MARTHA STEWART
MISS ELLEN DE GENERES
MR. BRAD PITT
DR. PHIL
MR. KEVIN TRUDEAU
MR. PAT ROBERTSON & ACLJ AMERICAN CENTER FOR LAW AND JUSTICE
MR. JOEL 0STEEN
WILLIAM J CLINTON FOUNDATION
MR. GEORGE CLOONEY
PRESIDENT OF HARVARD UNIVERSITY
THE UNITED STATES GOVERNMENT
WORLD ECONOMIC FORUM
WORLD BANK
INTERNATIONAL MONETARY FUND
UNITED NATIONS

THE ECONOMIC STIMULI :

THIS TELLS ME THAT THE GOVERNMENT APPROVES… THE GOVERNMENT IS GIVING OUT
THE INITIAL PAYMENTS OF TRADE REQUIREMENTS… VERY NICE…
ALL I NEED IS A LITTLE REFERRAL FROM THE GOVERNMENT(ADVERTISEMENT AND
OBJECTIVES INSERT) OR A BILL TO BE PASSED OR BOTH BUT SO FAR SO GOOD…
“HAND DELIVERED TO MRS. PELOSI” SPEAKER OF THE HOUSE…(RECEIVED 1/17/2008)

LIST OF E-MAIL RECIPIENTS:FOR ADVERTISEMENT AND POTENTIAL REQUIREMENTS OF
TRADE ACCOUNTS … (ISSUED 01/01/2008)

TOP 100 NEWS PAPERS
ABC, NBC,CBS 20/20, NIGHT LINE
ALL US SENATORS
A COUPLE FOUNDATIONS (EUROPEAN ACCOUNT IF INTERESTED)
THE US TREASURY
FEDERAL RESERVE (03/07/08) RESULTS 200 BILLION FOR THE HOUSING CRISIS, 100 BILLION IN APRIL AS WELL AS VARIOUS INTREST RATE CHANGES TO ASSIST IN NATIONAL STABILIZATION
THE PRESIDENT
THE VICE PRESIDENT
AND HAND DELIVERED TO CONGRESS’S SPEAKER OF THE HOUSE…
ALL RI REPRESENTATIVES TODAY…
RI DEPARTMENT OF ECONOMIC DEVELOPMENT…
UNITED STATES DEPARTMENT OF JUSTICE…
SOME HOW THIS SHOULD WORK…
THANK YOU RESPECTFULLY YOURS AJMC…

FORMERLY SENT TO THE MAYOR OF PROVIDENCE RHODE ISLAND & SENATOR REED OF
RHODE ISLAND…
SIR, I THINK IT’S READY…THIS / IN TRYING TO KEEP FROM BEING A NATIONAL
NEWS SPECTACLE, (TRYING) / IS WHAT CAN BE UTILIZED FOR THE STABILIZATION OF
THE NATIONAL ECONOMY… THIS CAN BE UTILIZED IN THE BURDEN OF
PENSIONS, WELFARE, HOMELESS, FOOD SUPPLIES BEING $7 BILLION IN INADEQUACY,
ALL OF WHICH MUST BE A MAJOR FACTOR IN OUR NATIONAL FINANCIAL SITUATION, NEW
BOTH IN RESEARCH AND TECHNOLOGICAL ADVANCEMENTS FOR THE PRESERVATION OF LIFE
…PROGRAMS FOR SPACE EXPLORATION AND INHABITANCE ,THERE OF, INEVITABLY BOTH
NOW AND ABROAD … IN ADDITION CONFORMING TO OUR (IMF) INTERNATIONAL
MONETARY FUND EXPENDITURES’ AND FOCUSING ON US AS A GOVERNMENT, FURTHER
AID THE UNITED STATES AS A GLOBAL SURETY IN INTERNATIONAL RELIEF WITH
NO INDICATIONS OF RUNNING OUT OF FUNDING BOTH IN THE LONG AND SHORT TERM…

“MERRY CHRISTMAS , HAPPY HOLIDAYS & A VERY PROFITABLE HAPPY NEW YEAR…”

FIRST DRAFT SENT TO COMPLIANCE FOR APPROVAL AND NATIONAL DISTRIBUTION…
E-MAIL AJMCLTD@COX.NET
CURRENCYPROFITS@GMAIL.COM
UNITEDSTATES@CATHOLIC.ORG
DIRECT 401-368-5561 PLEASE ALLOW 24 HOURS FOR RETURN CALLS… THANK YOU
RESPECTFULLY YOURS… MR. ARTHUR J. CHARTIER FOUNDER / TRADER

AJMC NATIONAL / INTERNATIONAL MONETARY FUND LLC.

PRESENTS
MANAGED FOREX ACCOUNTS

“INTERNATIONAL FLAGS”

ACCOUNT PRESERVATION: NO MORE THAN 10% OF ACCOUNT BALANCE TRADED PER
TRADE…
TRADED THROUGH A “NO DEAL DESK” PLATFORM, (“ECN” TECHNOLOGIES)

– IN NEED OF A LITTLE EXTRA CASH

- IN NEED OF A BETTER MORE SECURE FUTURE FOR YOUR FAMILY

- COLLEGE EDUCATION

- EARLY RETIREMENT

- EMERGENCY MONEY

- VACATION MONEY

LEVERAGE 100:1 (24 HOUR MARKET TRADE CAPABILITIES)
Multiple trade styles exercised throughout 17 currency pairs (9-11
additional pairs coming soon)
Long / Mid / Short Term Objectives

Example: CALCULATIONS BASED ON AMOUNT OF CURRENCY PAIR PURCHASED AND COST
OF CURRENCY PAIR, RESULTS MAY VARY BOTH ON PIP VALUE EXPECTATIONS AND OR
COST OF PAIR MARKET PRICE..

(approximately 20 trading days per month)
Account Balance / pip value / 50 pips per day
approximately / length of time in account

$2,000 $1 $50
1-4 months.. $24,000

$20,000 $10 ; $500
1-4 months.. $320,000

$200,000 $100 $5000
1-4 months.. $3,200,000

$2,000,000 $1000 $50,000
1-4 months.. $120,000,000

$20,000,000 $10,000 $500,000
1-4 months.. $320,000,000

$200,000,000 $100,000 $5,000,000
1-4 months.. $4,800,000,000

“RISK CAPITAL ONLY”

*loss is a part of trade but with the proper % of account used per trade and
a proper risk to reward ratio maintained the results are impressive.
*account balances under $2,000.00 will take considerably longer to acquire
maximum pip profitability potentials “more bang for your buck” but certainly
worth the wait…

*account balances under $500,000.00 require a $2,400.00 annual maintained
fee…

50% COMMISSION ACCEPTED / COMMISSION ONLY CHARGED ON REALIZED PROFITS
“TIME IS MONEY TIME WELL SPENT PRICELESS”

*ASK ABOUT MATCHING FUNDS CAPABILITIES 4 PIP PER MONTH GRATUITY…THANK
YOU RESPECTFULLY YOURS AJMC…

*DISCLAIMER
US Government Required Disclaimer-US Government Required Disclosure-
Commodity Futures Trading Commission. Forex, Futures and Options trading
has large potential rewards, but also large potential risk. You must be
aware of the risks and be willing
to accept them in order to invest in the forex, futures and options markets.
Do not trade with money you cannot afford to lose. This web site is neither
a solicitation nor an offer to
Buy/Sell futures or options, it is a partnership in funding, where as, Mr.
Arthur J. Chartier is the sole trader of the account… No representation
is being made that any account will or is likely to achieve profits or
losses similar to those discussed on this website. The past performance of
any trading system or methodology is not necessarily indicative of future
results.

05/07/08
http://WWW.MBTRADING.COM/FX IS THE FCM THAT IS USED FOR ALL UNITED STATES BASED CLIENTS, PLEASE PROCEDE TO THIS SITE AND FEEL FREE TO ASK THEM ANY QUESTIONS YOU MAY HAVE WITH REGARDS TO ACCOUNT FUNDING THEY WILL BE MORE THAN GLAD TO ASSIST. THANK YOU RESPECTFULLY YOURS MR. ARTHUR JAMES MICHAEL CHARTIER FOUNDER, MANAGEMENT AGENT / SPOT FOREX TRADER…

Securities products are offered through MB Trading, member FINRA, SIPC. MB Trading Futures, Inc. (MBTF) is CFTC registered FCMs and member of NFA. MBTF offers execution and settlement services for futures based products, as well as offer off-exchange foreign currency (forex) products through MB Trading. Trading in futures, options and forex is speculative in nature and not appropriate for all investors. Investors should only use risk capital when trading futures, options and forex because there is always the risk of substantial loss. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors. ©2007, All Rights Reserved

THE FOLLOWING STILL REQUIRE FINE TUNING FOR POTENTIAL, I STRESS POTENTIAL,
IMPLEMENTATION…

I HAVE BEEN THINKING OVER THE LAST WEEK OR SO THE TRUE CAPABILITIES OF AJMC
NATIONAL / INTERNATIONAL MONETARY FUND LLC. .
MY REASONS FOR CONTACTING YOU ARE POSSIBLY FOR A GREATER ABILITY OF NATIONAL
CONFORMITY AND UNITY …
CURRENTLY UNDER CONSIDERATION ARE QUALIFYING REQUIREMENTS FOR THE OFFERING
OF MY TRADE CAPABILITIES…

EXAMPLE: NATIONAL PROGRAM CONSIDERATIONS…

-DRUG FREE CLIENTS WITH RANDOM TESTING’S – A CLEANER AMERICA ( ALSO A VITAL
ROLL IN CANADAVILLE A PROJECT THAT I HOLD IN HIGH REGARDS…)

EDUCATION- FIELD OF CHOICE…CAREER FOCUS ON GREATER FINANCIAL GAIN AND
NATIONAL VALUE OF IMPLEMENTATION

JOB SECURITY- INCREASING RESPONSIBILITY & SOCIAL ENRICHMENT

HOUSING – SECURITY & COMFORT OF THE AMERICAN FAMILY VALUES

BILLS – MAINTAINING SOCIAL STATUS AND STAYING DEBT FREE THUS A GREATER
CREDIT RATING

SAVINGS – RESPONSIBILITY IN ENSURING A SAFETY NET AND PREPARING FOR
RETIREMENT THUS PROVIDING FOR FUTURE GENERATIONS…

RELIGION – FAITH AND TRANQUILITY

HEALTH CARE & EXERCISE – STABILIZING OLD AGE DIRECTIVES AND POTENTIALS OF
LONGEVITY

DONATIONS – THE ADDED BENEFITS OF THE FEELING OF SELF WORTH…

HOPEFULLY ALL OF THE ABOVE ARE NON UNCONSTITUTIONAL IN REQUIREMENT /
EXPECTATIONS…

WOULD THIS BE TOO MUCH TO ASK OF THE INVESTORS, THAT IS WHY I’M TRYING TO
TIE IN WITH THE GOVERNMENT THEY MIGHT HAVE A BETTER TACTICAL PROCEDURE. THE
IDEA HAS COME FROM CANADAVILLE DOWN SOUTH. A CANADIAN GENTLEMAN OFFERS FREE
RENT FOR 5 YEARS WITH SPECIFIC EXPECTATIONS… ARE THESE UNREALISTIC… OR
ARE THEY JUST MEANS OF NATIONAL DEVELOPMENT THROUGH GUIDANCE IN
CONFORMITY…. KEEPING AN EYE OPEN FOR PROTESTERS AND POTENTIAL LEGAL ISSUES
IN DISAPPROVAL…

YOUR INCITE IS ALWAYS APPRECIATED THANK YOU RESPECTFULLY YOURS AJMC…

IF THE PEOPLE DO NOT KNOW WHY THEY WERE GIVEN THE REFUND AND WHAT IT’S
DISTRIBUTION IS INTENDED FOR THE STIMULUS PACKAGE WILL HAVE ABSOLUTELY NO
EFFECT FOR OUR NATIONS STABILIZATION MUCH LESS GROWTH… I HAVE COME TO
YOU FOR AID ON THIS MATTER AND YOUR POTENTIAL CAPABILITIES OF NATIONAL
AWARENESS… THANK YOU RESPECTFULLY YOURS MR. ARTHUR JAMES MICHAEL
CHARTIER, FOUNDER…

CONTACT E-MAIL AJMCLTD@COX.NET
CURRENCYPROFITS@GMAIL.COM
UNITEDSTATES@CATHOLIC.ORG

February 7, 2008
HP-815

Statement by Secretary Paulson on Senate Passage of the Economic Growth Package

“I congratulate the Senate leaders for their quick action to pass a bipartisan economic growth package that is temporary, broad-based, and will get money into our economy quickly. This package of payments to individuals and incentives for businesses to invest will support our economy as we weather the housing downturn.

“It was a pleasure to work in a bipartisan spirit with House and Senate leaders to act quickly to support our economy and create jobs this year. Our cooperative effort demonstrates to the nation and the world that we can come together to address the needs of the American people.

“As soon as this legislation is passed by both houses, the IRS will begin its work to get payments out to more than 130 million Americans. The IRS will manage the current tax filing season and simultaneously prepare to issue these additional payments starting in early May. Payments will be largely completed this summer, putting cash in the hands of millions of Americans at a time when our economy is experiencing slower growth.”

-30-

About This Legislation: Congressional Legislation

‘To provide economic stimulus through recovery rebates to individuals,
incentives for business investment, and an increase in conforming and FHA
loan limits. ‘
Bill H.R.5140
Original Sponsor:
Nancy Pelosi (D-CA 8th)
Cosponsor Total: 16
(last sponsor added 01/28/2008)
11 Democrats
5 Republicans

2/13/2008–Public Law. (There are 3 other summaries)
(This measure has not been amended since it was passed by the Senate
on February 7, 2008. The summary of that version is repeated here.)
Economic Stimulus Act of 2008 – Title I: Recovery Rebates and
Incentives for Business Investment – (Sec. 101) Amends the Internal Revenue
Code to grant tax rebates of the lesser of net income tax liability or $600
to individual taxpayers ($1,200 for married taxpayers filing joint returns).
Allows additional rebates of $300 for each child of an eligible taxpayer.
Provides for a minimum tax rebate of $300 ($600 for married taxpayers
filing joint returns) for taxpayers with earned income of at least $3,000.
Includes social security retirement benefits and compensation and pension
benefits paid to disabled veterans for purposes of determining income
eligibility for rebates.
Reduces the amount of such rebates by 5% of the amount that exceeds an
adjusted gross income of $75,000 ($150,000 for married taxpayers filing
joint returns).
Directs the Secretary of the Treasury to pay tax rebates as rapidly as
possible. Prohibits: (1) payment of rebates after December 31, 2008; and (2)
payment of a rebate to a taxpayer without a valid identification number
(i.e., social security number).
Provides for payment of comparable tax rebates to residents of the
Commonwealths of Puerto Rico and the Northern Mariana Islands.
Provides that the payment of a tax rebate shall not be considered
income for purposes of determining eligibility for federal and
federally-assisted state benefit programs.
Makes appropriations for FY2008 to implement payment of the tax
rebates. Directs the Secretary to submit a plan and quarterly reports to the
Senate and House Committees on Appropriations on actual and expected
expenditures of appropriated funds.
(Sec. 102) Increases in 2008: (1) the expensing allowance for
depreciable business assets to $250,000; and (2) the maximum investment
phase-out threshold for such expensing allowance to $800,000.
(Sec. 103) Increases to 50% (from 30%) the amount of the adjusted
basis of certain depreciable property (e.g., equipment and computer
software) that may be claimed as a deductible expense in 2008.
Title II: Housing GSE and FHA Loan Limits – (Sec. 201) Raises the
statutory ceiling on the maximum original principal obligation of a mortgage
originated between July 1, 2007, and December 31, 2008, that may be
purchased by either the Federal National Mortgage Association (Fannie Mae)
or the Federal Home Loan Mortgage Corporation (Freddie Mac). Disregards
mortgages purchased with the increased ceiling amount for purposes of
meeting certain housing goals established under the Housing and Community
Development Act of 1992.
Expresses the sense of Congress that Fannie Mae and Freddie Mac should
securitize mortgages acquired pursuant to the increased conforming loan
limits of this Act if the manner of securitization does not: (1) impose
additional costs for mortgages originated, purchased, or securitized under
existing limits; or (2) interfere with the goal of adding liquidity to the
market.
(Sec. 202) Establishes a temporary loan limit increase for FHA-insured
mortgages in specified high-cost areas for which a borrower received credit
approval by December 31, 2008.
Grants the Secretary of Housing and Urban Development (HUD)
discretionary authority to increase loan limits in 2008 based upon the size
and location of residences in particular areas.
Directs the Secretary to publish the median house prices and mortgage
principal obligation limits as revised by this Act not later than 30 days
after its enactment.
Title III: Emergency Designation – Designates all provisions of this
Act as emergency requirements and necessary to meet emergency needs for
certain budgetary purposes.

Detailed, up-to-date bill status information on H.R.5140

January 30, 2008
HP-790

Secretary Paulson’s Remarks on the Economy
Before the Real Estate RoundtableWashington, D.C. – Good afternoon. Thank you, Chris, and thanks to the Real Estate Roundtable for inviting me. As you know, we have a lot on our economic plate right now. I will give you my perspective and then look forward to hearing your thoughts.

U.S. Economy and Fiscal Growth Package

The U.S. economy is undergoing a significant housing correction. That, combined with high energy prices and capital market turmoil caused economic growth to slow rather markedly at the end of 2007, as reflected in the GDP numbers released this morning. I am confident our economy will continue to grow, although not as rapidly as we have seen in recent years.

The U.S. economy is diverse and resilient, and our long-term fundamentals are healthy. Yet, the risks are clearly to the downside and President Bush knows that economic security is of the utmost importance to the American people. We have been tracking economic signals closely for some time now, and are actively engaged with policymakers around the world as we monitor global markets.

In recent weeks, the potential benefits of quick action to support our economy became clear, and the potential costs of doing nothing too great. So, the President asked me to work with Congress to develop a fiscal growth package to minimize the impact on the real economy as we weather this housing correction. At the outset, the President suggested a few principles to use as a foundation for discussion — that a fiscal growth plan must be enacted quickly; it must be robust, temporary and broad-based, and must get money into our economy quickly. We found common ground with the Congress in those principles, and began intense discussions.

In eight days the Administration and Democratic and Republican House leadership reached agreement. Yesterday, in additional evidence of bipartisan cooperation and commitment, the House passed a bill based on this agreement. For Washington, this is action at the speed of light, and I am optimistic the next few weeks will be equally productive.

The House bill is a balanced, bipartisan compromise that will provide immediate relief for American families and incentives for businesses to invest and hire. If enacted swiftly, the House bill is expected to help create more than half a million jobs by the end of 2008. We know from experience that both immediate tax relief for income tax payers and incentives for businesses to invest and hire are effective in creating growth and jobs in the short-term.

Speaker Pelosi and Minority Leader Boehner have shown discipline and leadership, and the House has set a high standard. Certainly, House members from both sides of the aisle wanted additional provisions added to the bill. But both Leaders kept this effort limited and focused in order to reach agreement. Strong leadership in the House has provided decisive steps towards quick action to boost the economy.

The task now moves to the Senate. Senators, like their House colleagues, know time is of the essence. I think they also understand that a simple package can move quickly, while a complex package can upset the current balance. If the process bogs down, the American people will lose patience and we will also lose the momentum that’s absolutely needed for quick action and quick results. House leaders carefully crafted a balanced agreement. They recognized that a simple plan offered the most expedient and effective path. I am confident Senate leaders will see the wisdom of this approach, and I don’t believe the Senate has any interest in derailing the cooperation and speed with which Washington has acted so far.

If we keep moving along this fast-track, and within a few weeks Congress sends the President a bill he can sign, rebate payments would start in May. But until the President signs a bill into law and checks are in the mail, I won’t say that this short-term effort is complete.

And of course we will continue to press for economic policies which are in our country’s long-term best interest — a pro-growth tax system, entitlement reform and a balanced budget. We are addressing a short-term economic need, and the Administration remains committed to vigorous debate with the Congress over the need for longer-term, structural reforms.

Housing Markets

While a swift, simple and substantive fiscal growth package will provide a boost and add to job creation this year, it is not intended or expected to slow down the housing correction. After years of unsustainable home price appreciation, this is a necessary correction. On Monday, the Commerce Department reported that over the 12 months of 2007, new homes sales dropped 41 percent and new home prices declined by 10.4 percent. Other measures also show roughly flat or falling home prices over the last year. The Administration’s focus has been — and in addition to this fiscal growth plan will continue to be — aggressive action to try to minimize the impact of the housing downturn on homeowners and the real economy by preventing avoidable foreclosures.

Last fall, we encouraged the creation of the HOPE NOW alliance, a coalition representing over 90 percent of the subprime servicing market and non-profit mortgage counseling organizations, trade associations and investors. This industry-wide effort employs multiple tools to reach and help struggling homeowners, including streamlining subprime borrowers into refinancings and loan modifications to avoid a market failure. And they are doing so without asking American taxpayers to pay the bill.

There are promising developments. According to HOPE NOW, the industry assisted 370,000 homeowners in the second half of 2007, and mortgage servicers modified subprime loans during the fourth quarter at a rate three times faster than in the third quarter. In its first two months, HOPE NOW sent over 480,000 letters to at-risk borrowers who had not reached out for help previously. Servicers estimate that, as a result of the first wave of letters approximately 16 percent, or 77,000 homeowners, have called their servicer or a non-profit counselor to see if foreclosure can be avoided.

We will receive regular progress reports in the coming months. As we learn more, we will look for additional measures to reach more borrowers and prevent as many avoidable foreclosures as possible.

The Administration has also, through FHASecure, expanded affordable mortgage options. Working with Congress, we have increased funding for mortgage counselors who assist struggling homeowners. We have also temporarily eliminated taxes on forgiven mortgage debt. But more action is needed in the housing sector, action that is as important as a short-term fiscal growth plan.

We have urged Congress to move quickly to finalize its work on the FHA modernization bill — that will provide financing for about 250,000 borrowers. Congress should also allow states to issue tax-exempt bonds to raise funds for innovative refinancing programs.

And it is vitally important that Congress pass GSE reform legislation to enhance regulatory oversight for Fannie Mae and Freddie Mac. The House leaders decided to include a temporary increase in the GSEs’ conforming loan limits in the economic growth bill. This could be helpful to jumbo mortgage borrowers; however, higher limits are inconsistent with the GSEs’ affordable housing mission. Under the House bill, these higher limits expire at the end of this year, and this should not be an excuse for postponing much-needed reform. The House has already passed GSE reform legislation and Senate Banking Chairman Dodd has assured me that he will take legislation up soon. We will continue to press Congress for this reform and stronger GSE regulatory oversight.

Capital Markets

Predictably, our capital markets are being impacted as we weather the housing correction and uncertainty in the housing sector. Investors’ concerns about credit have increased dramatically, and market liquidity has been, in turn, similarly impacted. The plentiful flow of liquidity that fueled the boom in borrowing and leverage across asset classes — from home mortgages to leveraged buyouts — has been reduced, with significant consequences.

Short-term funding markets were stressed and inter-bank funding spreads rose to unprecedented levels. Mortgage origination and other asset securitization dropped markedly, adding to the challenges in the housing sector. Given the interconnectedness of our capital markets, other stresses emerged as financial institutions grappled with valuing assets and balance sheets came under pressure.

These developments led to significant actions by major central banks and tremendous financial sector strains. Since August, financial institutions have written off over $153 billion of assets. Numerous issuers and structures have been downgraded and over $136 billion in off-balance sheet assets have been consolidated.

During the past nine weeks, we have also seen some encouraging signs. US financial institutions have raised over $95 billion in new capital. The housing Government Sponsored Entities (GSEs), Freddie Mac and Fannie Mae, have raised equity. A number of our financial institutions have strengthened balance sheets by raising capital from a variety of U.S. and foreign sources.

Our markets are still working through these strains, and certainly your industry has been impacted as well. These events underscore the need for strong market discipline, prudent regulatory policies, and robust risk management. While this transition period is difficult, and will take more time, it is appropriate and reflects a healthy return to fundamentals. I have great confidence in our markets. They have recovered from similar stressful periods in the past, and they will again.

As we work to better understand the causes of the distress in the housing and mortgage markets and the capital market turmoil, some lessons are very clear. For instance, an abundant supply of easy credit and a decline in lending standards were major contributors. Complex and opaque financial instruments and structures, such as the use of conduits and SIVs contributed, as did investor practices and rating agency issues.

Through the President’s Working Group on Financial Markets, we are reviewing the underlying policy issues. Our reviews’ focus on issues ranging from enhancing risk management, including liquidity and counterparty credit risk, to market infrastructure, to reporting and disclosure, to ratings and investor practices. Working through the current stress is our first concern, getting the long-term policy right is just as important.

We also need to streamline and modernize the patchwork regulatory structure that oversees the mortgage process, provide consumers with clear, understandable mortgage disclosure and bring a higher level of integrity to the mortgage origination process.

Conclusion

I am optimistic that Congress will pass a growth package quickly enough to have a real impact on our economy, to help individuals and families, and to increase business investment now when it is most needed. Our economy is resilient, as are the American people. We will work through this period and share a future of continued opportunity and prosperity.
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A home for you who love dr gean scott
inspite of his hell’S
Dam’s??? myspace.com/thelordshouseofprayer come be apart help me help him

Ima Fish said, on March 3rd, 2005 at 5:27 am

“There was no doubt that his Ph.D. was real, as no one could understand a word he was saying. He’d go on and on on his shows and make NO sense! And I have a philosophy AND law degree, so I’m used to BS!”

Goes to show you how much your education is worth.

Heb. 4:12

For the word of God is quick, and powerful, and sharper than any twoedged sword, piercing even to the dividing asunder of soul and spirit, and of the joints and marrow, and is a discerner of the thoughts and intents of the heart.

All U people are freaking NUTS, I swear!!!! Sorry, desperate, lonely people who can’t accept the fact that there MAY NOT be a heaven or hell, and it might just be US – and no one else – that will determine what we do and how we do it. Not some ridiculous TV preacher who takes your money and tells you the way to “salvation”. GO TO HELL (assuming there is one)

To Norman,
I thought I was the only one who felt that way. I wonder what can be done. From what Doc said, I thought it was his intention to remain on T.V. and the net with his teachings. I’d love to see the tapes on Faith and on the pyramid. That built my faith up as much as anything. They are not even available any more. Talk about usurping authority.